FLOKI, a Shiba Inu competitor, has seen significant growth throughout the year, with its price more than doubling in 2024. This surge has caught the attention of many investors who have flocked to the meme coin. However, crypto analyst iMoneyTeam has a different outlook on the future of FLOKI, predicting a massive price crash for
Analysis
Bitcoin price has taken a hit once again, extending its losses and dropping below the $65,000 mark. The bearish trend continues, with BTC struggling to make significant gains. The price is currently below $66,000 and the 100 hourly Simple Moving Average, indicating a lack of bullish momentum. There is a connecting trend line with resistance
Solana recently tested the $138 zone before witnessing a recovery wave. In order to continue the upward momentum, the SOL price must clear the $150 and $155 resistance levels. Currently, SOL price is showing signs of breaking above the $150 resistance against the US Dollar. It is noteworthy that the price is now trading above
The XRP price has shown signs of recovery, starting with a decent upward movement above the $0.4850 mark. This recovery wave comes after finding support at $0.4600, which indicates a bullish sentiment in the market. The price has managed to reclaim the 100-hourly Simple Moving Average, suggesting that there might be more upsides in the
Polkadot (DOT), a well-known player in the blockchain industry, is currently facing a significant decline, signaling a bearish trend. The cryptocurrency is plunging towards new lows due to a mix of market volatility, negative investor sentiment, and regulatory pressures. As the value of DOT continues to diminish, investors are urged to prepare for additional losses
XRP price recently failed to maintain above the crucial support level of $0.4840. This resulted in a decline in price, testing the $0.4750 support zone. Currently, XRP is trading below the $0.4880 level and the 100-hourly Simple Moving Average. Additionally, there is a bearish trend line forming with resistance at $0.4880 on the hourly chart
Dogecoin is currently displaying bearish signs below the $0.150 resistance zone against the US Dollar. The price is struggling to maintain its position above key support levels, indicating a potential downtrend in the near future. The price of DOGE is currently trading below the $0.1450 level and the 100-hourly simple moving average. Additionally, there was
Bitcoin’s price saw a significant increase above $68,500, even testing $70,000, before experiencing a major bearish reaction. The cryptocurrency started to decline from the $70,000 resistance zone and is currently trading below $68,550 and the 100 hourly Simple Moving Average. There is a connecting bullish trend line with support at $67,500 on the hourly chart
XRP, like many other cryptocurrencies, has been experiencing a rollercoaster ride in terms of market volatility. Recently, the digital asset saw a temporary uptick in its price after facing a prolonged period of downward pressure. This temporary recovery has sparked some hope among traders and investors, but the overall market conditions remain turbulent and uncertain.
Recently, the Ethereum price attempted to recover above the $3,650 resistance level but failed to do so. The price declined below $3,550 and is now showing bearish signs below $3,600. The downward trend seems to be continuing as Ethereum started a fresh decline below the $3,550 support zone. The price is currently trading below $3,550
