Bitcoin (BTC)
Current Status: BTC has been consolidating between $100,718 and $105,819, indicating a balance between supply and demand.
Short-Term Outlook: A daily close above $105,000 could accelerate momentum and trigger a rally to $130,000.
Long-Term Projections:
Bitwise: Predicts BTC could rise above $200,000, potentially reaching $500,000 if the U.S. government establishes a strategic bitcoin reserve.
Standard Chartered: Anticipates similar high estimates.
VanEck: Projects a more modest high of $180,000, with expectations of significant price fluctuations.
Ethereum (ETH)
Current Status: ETH continues to gain strength, which is being mirrored by many altcoins.
Outlook: Ethereum's performance is closely tied to the broader altcoin market, and its continued strength could signal further growth in the sector.
Ripple (XRP)
Current Status: XRP's rally is facing resistance at $2.65, but the bulls have not ceded ground to the bears, improving the prospects of a rally above $2.65.
2025 Projections:
XS.com: Forecasts a challenging ascent to $3.
B2BinPay: Anticipates a range of $5 to $7 in the first half of 2025, driven by post-election momentum and Ripple's progress.
Bitget Research: Estimates between $1.8 and $8.4, with possibilities of surpassing $10.
Binance Coin (BNB)
Current Status: BNB is trading above the breakout level of $644 but faces resistance at $675.
Outlook: A break and close above $675 could open the doors for a possible rally to the overhead resistance of $745.
Solana (SOL)
Current Status: SOL resumed its up move after breaking above the $180 resistance but is struggling to hold on to higher levels.
Outlook: If the price sustains above $180, it could indicate strength, but a drop below the 20-day EMA ($159) may lead to further consolidation.
Dogecoin (DOGE)
Current Status: DOGE has rebounded during the ongoing session and is up nearly 4%, trading around $0.227.
Outlook: Despite overwhelming selling pressure, the recent rebound suggests potential for further gains if bullish momentum continues.
Cardano (ADA)
Current Status: ADA is trading around $0.7564, down by 2.25%.
Outlook: Overcoming the $0.86 resistance could lead to a rise towards $1.01, contingent on broader market trends.
Sui (SUI)
Current Status: SUI has been sandwiched between $4.25 and $3.90, indicating a consolidation phase.
Outlook: A breakout above $4.25 could signal the start of a new upward trend.
Chainlink (LINK)
Current Status: LINK's up move is facing selling at the resistance line, but the bulls have not ceded much ground to the bears.
Outlook: Sustained buying pressure could lead to a breakout above the resistance, paving the way for further gains.
Avalanche (AVAX)
Current Status: AVAX is trading around $23.50.
Outlook: Maintaining support above its 20-day EMA could lead to a rise towards $31.73 and $36.