Just now, the price of the coin has reached 40,200 again! This is also the rebound to 40,000 again after the price of the coin fell back to around 38,600! So far, our 38,500-38,700 coin has also been successfully sold yesterday!
Although it is difficult for the duoshan recently! I believe that there must be many duoshans trapped above 40,000! The oscillation of Hangzhou sentiment continues to fall back and continue to bottom out, which is very shocking! The trapped duoshans must also make reasonable arrangements according to their own funds and space!
Today's strategy:
The big pie is 39300-39500, continue to rise! Target: 40300-40500!
Auntie low! 2185-2205! Target: 2235-2255!
Still retain a Jiacang position!
PERSON
TAO price showed signs of consolidation near key support levels over the past week. After a sharp sell-off in late December, TAO found buying interest near the 100-day moving average level before bouncing back to current price levels.
This is in line with the 50-day moving average at $252 and the Fib 0.236 level at $256.80. This area has provided a floor for TAO price during multiple retests over the past few sessions.
TAO price is currently trading at $257, up 2.83% so far. The bounce support came as the RSI rebounded from the oversold territory below 30 to the current level of 51. The MACD histogram remained flat at 4.00, unchanged from yesterday. While the stalled momentum suggests indecision in the market, holding above the 20-day EMA at $251 paints a constructive picture.
On the upside, TAO faces initial resistance between $283 and $287, which contains the Fibonacci 0.382 level at $283.30. Reclaiming this area, which previously acted as support, would open the doors for a pullback towards the psychological level of $300.
On the downside, trading below $256 and the 20-day EMA would bring the focus back to the recent lows around $248. This demand area served as a turning point for the recent rally and its loss could intensify selling pressure. The next major support area is found around $235, where TAO has previously found buyers.
DOGE
In 2013, Dogecoin (DOGE) emerged as a pioneer of memecoins, leaving its mark on the Bitcoin network. About a decade later, driven by the announcement of a spot Bitcoin ETF, the Dogecoin price reached an impressive $0.1058 in December 2023.
However, memecoin subsequently faced a significant drop, which raised doubts about the impact of a Bitcoin ETF on meme tokens. As of the time of writing, DOGE price analysis on CoinMarketCap shows that Dogecoin is down 11.1% on a weekly basis and 18.5% on a monthly basis.
On January 10, the price of Dogecoin (DOGE) dropped below $0.08, sparking investor concerns. Market statistical trends suggest that a favorable Bitcoin spot ETF decision could lead to further declines.
Despite these declines, Dogecoin enthusiasts expect the market to recover in the coming days. If this happens, the price of Dogecoin could drop to the $0.1 range.
Solana (SUN)
Solana (SOL) recently broke through the $89.02 support level, resulting in a significant price swing. Additionally, optimism for the network is growing, especially with pre-orders for the Solana Saga phone reaching 40,000 units - a surge in interest in Solana (SOL) products could indicate a positive shift in market sentiment.
Solana (SOL) is currently trading in a range of $64.84 to $132.36. The 10-day moving average is $92.84, and the 100-day moving average is $68.39. Solana has established support and resistance levels at $27.97 and $163.01, respectively.
The price of Solana (SOL) may find a turning point after breaking the support level recently, which may start an upward trend. The launch of the second series of Solana Saga phones may promote the recovery of Solana (SOL) price.
