Market trend:

The market continued to weaken and lacked hot spots. Grayscale continued to sell BTC, US stocks fell, and the US dollar index rebounded. December retail data showed that the US economy was strong, which hit the market's expectations of a recent interest rate cut.

Market hot spots:

Altlayer, a new IEO project on bn. ALT is a modular infrastructure that helps B-side customers issue rollups with one click, similar to the SDK of Cosmos. Based on the OP Rollup technology upgrade, it mainly provides customized services for the EVM ecosystem. There are 2 rounds of financing, the first round is valued at 8000WU, the second round is financing on Bn, and there are airdrops for retail investors. Manta will be launched at 18:00 today.

The public chain sol rebounded, and the ecological honey, pyth, myro, etc. rose sharply

- Honey's price tripled after listing on Coinbase

- pyth starts staking and airdropping.

Tugou meme collapsed, smiley, zuzalu, troll, etc. plummeted. Smiley plummeted 70% in one day

PERSON

After a month of pullback, TAO price appears to have found support near the 100-day moving average and could see a third consecutive day of gains.

The 20-day moving average of TAO price is $250.99, which is below its 50-day moving average of $253.47.

However, the proximity of these EMAs highlights the possibility of increased volatility in TAO’s price in the coming days.

Further price action is needed to confirm TAO’s next move.

The RSI is currently at 55.43, which is up from yesterday’s level of 50.50. Moving away from the oversold region suggests that TAO price could have further gains to its feet.

Still, the RSI remains far from overbought levels.

TAO price is facing multiple resistance levels between $278.98 and $286.88, which coincides with the Fib 0.382 level at $283.30.

Further resistance is located between $299.11 and $310.50, which converges with the 0.5 Fibonacci level at $304.71.

Momentum indicators are turning in favor as TAO price rebounds from key EMA support.

A decisive breakout above the $286 resistance or a break below the $248 support should determine the next major trend.

Momentum recovery: RSI suggests potential upside for Flare FLR price

After two days of correction, Flare (FLR) price rebounded strongly today and gained 12.71% and successfully broke through the recent resistance. As FLR price stabilized near the Fib 0.5 support zone of $0.02085 to $0.02594 and the price broke above $0.02346, bulls seem to be regaining control. The key moving averages show that FLR’s 20-day EMA is $0.01911, while the 50-day EMA is $0.01718.

The uptrend in the short term remains intact as the faster 20-day MA remains above the 50-day MA. The RSI indicator has climbed to 68.24, a notable rise from yesterday’s 61.50. Although close to the overbought region above 70, the jump towards 70 highlights the upward momentum that could drive FLR further higher. Meanwhile, the MACD histogram has risen to 0.00047, extending yesterday’s rise from 0.00033. The growing positive momentum supports the bullish view

On the downside, initial support lies between $0.02085 and $0.02594. Below this zone, the 20-day EMA at $0.01911 acts as a final buffer to retest the 2022 low near $0.015. Bullish momentum seems to be reasserting itself as FLR price rebounds from the critical support. However, the resistance above needs to be treated with caution. Traders may consider buying on dips above $0.021 with a target of $0.026 while respecting a stop loss below $0.020. A breakout of the $0.026 resistance or a loss of the $0.020 support should determine the near-term trend.

Xai (XAI): Thriving in the Gaming-Centric Blockchain Space

Recently, the price of Xai (XAI) has risen sharply due to factors such as airdrops and listings on major exchanges. Xai (XAI) is designed to cater to the needs of gamers and provides a decentralized platform that can simplify the usually complex world of cryptocurrency trading.

Xai (XAI) is currently priced in the range of $0.96 to $1.24. The 10-day moving average is $1.02, and the 100-day moving average is $1.05. The support levels of Xai (XAI) are $0.52 and $0.8, while the resistance levels are $1.38 and $1.67.

The future looks bright for Xai (XAI), especially as recent airdrops and new exchange listings have provided a solid boost to its market position. With a keen focus on gaming and innovative blockchain integrations, Xai (XAI) is well positioned for long-term expansion. While Xai (XAI) has made waves with its portfolio of blockchain games, it must further up its game to stand out in the competitive gaming and cryptocurrency space. Xai (XAI) must cleverly leverage its gaming-centric strengths and ride the ups and downs of the market to stay ahead of the curve.

Well, that’s all for today. If you want to know more, A. Check out my homepage. Get the layout strategy right away. I’ll track it in real time and send it to the group.