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Is Bitcoin approaching the market top? An analysis of the BTC cycle patterns reveals
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Since hitting a local low of $66,798, Bitcoin [BTC] has been on an upward trend, reaching an all-time high (ATH) of $103,647. The cryptocurrency has experienced a strong surge, breaking the $100,000 mark nine times within 14 days. At the time of writing, Bitcoin's trading price is $101,722, up 1.59% in one day.
The current market conditions have sparked discussions among analysts. Renowned cryptocurrency analyst Ali Martinez cited previous cycles, speculating that the market may be nearing its peak.
What is the market sentiment?
In his analysis, Martinez hypothesizes that by utilizing previous cycles, it can be determined whether Bitcoin has already reached the market top, and if not, when the next peak might occur.
According to him, if Bitcoin follows the patterns of the 2015 and 2018 cycles, the next market peak may arrive in October 2025.
In 2018, the market peaked, ending the bull run of 2016 and 2017, with BTC reaching $19,666 in December 2017. At the beginning of 2018, BTC's price fell from $17,235 to $3,122.
There was no bull market in 2015; instead, a bear market bottom occurred, with BTC hitting a low of $195, while Bitcoin's last market high was in 2013, when it reached $1,200.
In 2011, Bitcoin experienced its first major bull run, reaching an all-time high of $29.6 in June. However, after the Mt. Gox hack, BTC's price plummeted to $2 by the end of the year.
The 2011 cycle indicates that rebounds precede significant drops, meaning the current market may have already peaked and could see a decline. Similarly, the cycles of 2015 and 2018 suggest that if BTC follows a four-year cycle, the next peak will occur in 2025.
Has BTC already reached the market peak?
While the above analysis provides a method to determine potential market tops, it is crucial to use other market indicators to identify the next potential peak.

Ripple's Mysterious Cash-Out of 60,000,000 XRP, Price Rises 10%, Shocking the Market
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The renowned tracking platform Whale Alert monitors large cryptocurrency transfers and has spread the news about a mysterious large flow of XRP discovered in the past 24 hours. Details shared by an XRP-focused explorer show that this transfer, valued at over $100 million, was made with the involvement of Ripple's giants. Meanwhile, the price of XRP surged by about 10% overnight. Currently, XRP is trading at $2.44. 60,000,000 XRP is being transferred—where did it come from, and where is it going? Whale Alert revealed an impressive transaction of 60,000,000 XRP that was transferred from one anonymous wallet to another. At the time of the transaction, the value of this XRP block was $144,669,520.

Details from Bithomp show that this transfer was initiated by a wallet under the blockchain giant Ripple, headquartered in San Francisco. The wallet transferred to an anonymous wallet, which has received two batches of XRP, each consisting of 15,000,000 XRP, since December 9.

As reported earlier by U.Today, Ripple similarly transferred 99,000,000 XRP using an anonymous wallet last Friday, shocking the XRP community with two transactions totaling over 500 million XRP—380 million and 200 million XRP.

Ripple minted 13 million RLUSD before the official release. Earlier this week, Ripple minted two large batches of new crypto products—Ripple USD stablecoin, which recently received official approval from the New York State Department of Financial Services (NYDFS) for listing and trading on cryptocurrency exchanges. Shortly after, Ripple CEO Brad Garlinghouse stated that this stablecoin would soon hit the market. According to U.Today, on December 13, the Ripple USD treasury minted 10,399,000 and 2,600,000 RLUSD. Ripple first announced the development of this new product in March of this year. In August, the company announced they began closed testing for the product. In the fall, news surfaced that RLUSD would be launched on the XRP Ledger and Ethereum, and recently, Tron founder Justin Sun hinted that RLUSD may also appear on his blockchain in the near future.

SHIB Burn Rate Soars 515.33% — Will the Price Follow?
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The popular trading tracker Shibburn monitors the transfers of SHIB to dead wallets, and it reports that since yesterday morning, the SHIB army has been actively shoveling the meme coin into the virtual furnace of the dead wallet. Their actions over the past day have led to a significant increase in the daily burn rate. Meanwhile, the second-largest meme cryptocurrency, Shiba Inu, is attempting to break through but has failed to surpass the resistance level of $0.00002888. The burn rate has surged by 515%. According to sources, the SHIB burn rate skyrocketed by 572.29% overnight, with 72,847,617 SHIB locked in wallets that cannot be used. The largest transfer to the “inferno” wallet included 70,605,175 SHIB coins, conducted about an hour ago. According to Shibburn, the second-largest transfer was made 22 hours ago, containing 1,724,757 SHIB.

The burn rate over the past week does not look as optimistic. A recent tweet from Shibburn shows that in the past seven days, the community has sent 94,189,104 SHIB to dead wallets.

Most of the burns are conducted by SHIB users, and recently some new crypto projects have also stepped in to help, burning SHIB worth billions of dollars.

The SHIB development team claims that they also transfer about 400,000,000 Shiba Inu to unusable blockchain addresses each month.

SHIB Price Performance Although the burn rate of the famous meme cryptocurrency has increased significantly, its price has yet to follow suit. SHIB shows about a 4% increase, testing the resistance level of $0.00002888, but then retracing, trading at $0.00002848 at the time of writing. However, the good news is that since December 10, the price of Shiba Inu has risen by more than 17%.

Ripple mysterious cash-out of 60,000,000 XRP, price rises by 10%, shocking the market
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The famous tracking platform Whale Alert monitors large cryptocurrency transfers and spread news about the mysterious large XRP flow discovered in the past 24 hours. Details shared by an XRP-focused explorer show that this transfer of XRP, valued at over one hundred million dollars, was made with the involvement of Ripple giants. Meanwhile, the price of XRP surged by about 10% overnight. Currently, the trading price of XRP is $2.44. 60,000,000 XRP is being transferred—where did it come from, and where is it going? Whale Alert revealed an impressive transaction of 60,000,000 XRP, which was transferred from one anonymous wallet to another anonymous wallet. At the time of the transaction, the value of this XRP block was $144,669,520.

Details provided by Bithomp show that this transfer was initiated by a wallet under blockchain giant Ripple, based in San Francisco. The wallet transferred to an anonymous wallet, which has received two batches of XRP since December 9, with each batch containing 15,000,000 XRP.

As reported by U.Today earlier, Ripple previously used an anonymous wallet to transfer 99,000,000 XRP in a similar manner on Friday, shocking the XRP community with two transactions totaling over 500 million XRP—380 million and 200 million XRP.

Ripple minted 13 million RLUSD before the official release. Earlier this week, Ripple minted two major batches of new crypto products—Ripple USD stablecoin, which recently received official approval from the New York State Department of Financial Services (NYDFS) to be listed and traded on cryptocurrency exchanges. Shortly thereafter, Ripple's CEO

What happened in the cryptocurrency market this week? Bitcoin, Ethereum, etc.
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This is a brief update on the cryptocurrency market situation this week. Staying informed about the latest market trends is crucial for making better decisions. Let's analyze the market. Are you ready? Let's get started!

The US dollar has performed well against the euro, yuan, yen, Indian rupee, and other major currencies. This week, the euro to dollar rate shifted from 0.9461 euros to 0.9519 dollars, the yuan from 7.2695 yuan to 7.2751 yuan, the yen from 149.955 yen to 153.579 yen, and the Indian rupee from 84.64 rupees to 84.76 rupees.

Cryptocurrency Market Situation This Week
This week, the total market value of cryptocurrencies dropped from 3.62 trillion dollars to 3.57 trillion dollars. The market value of altcoins also fell from 1.61 trillion dollars to 1.55 trillion dollars. The total market capitalization excluding BTC and ETH decreased from 1.13 trillion dollars to 1.08 trillion dollars. The market value of cryptocurrencies excluding the top ten cryptocurrencies fell from 43.592 billion dollars to 40.751 billion dollars.

Bitcoin Market Overview
In the past seven days, Bitcoin has increased by 2.1%. At the beginning of this week, the price of Bitcoin was 97,382.37 dollars. On December 11, the price of Bitcoin climbed to 101,034 dollars. On December 12, Bitcoin experienced a slight pullback. The current price of Bitcoin is 101,698.45 dollars.

Dogecoin (DOGE) Aims for $0.150: Will the Rebound Take Off?
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The Dogecoin to USD exchange rate has broken through the $0.1350 resistance level. Dogecoin is currently showing positive signs and may break through the $0.1450 resistance level.
The DOGE price has started to break through the $0.1320 resistance level and is on the rise again. The price is trading above $0.1350 and the 100-hour simple moving average. A key bullish trend line has formed on the hourly chart of the DOGE/USD pair, with support at $0.1420 (data source: Kraken). If the price breaks through the $0.1450 and $0.1465 resistance levels, it may gain bullish momentum.

Dogecoin Price Expected to Rise Further
The Dogecoin price has begun a new round of increases above the $0.1200 resistance area. The price of Dogecoin has risen above the $0.1320 resistance area, surpassing Bitcoin and Ethereum. The price of Dogecoin has also broken through the $0.1350 and $0.1400 resistance levels.
The highest trading price was $0.1467, with a recent slight downward correction. The price has dropped below the level of $0.1420. It is trading below the 23.6% Fibonacci retracement level from the swing low of $0.1206 to the high of $0.1467.

However, bulls remain active above $0.1350. A key bullish trend line has also formed on the hourly chart of the DOGE/USD pair, with support at $0.1420. The Dogecoin price is currently trading above $0.1320 and the 100-hour simple moving average. The immediate resistance level on the upside is around $0.1465. The next major resistance level is around $0.1480.

If the closing price breaks above the $0.1480 resistance level, it could push the price towards the $0.1520 resistance level. If the price continues to rise, it may push towards the $0.1550 level. The next major stop-loss point for bulls might be $0.1585.
Does DOGE Support Dips?
If the price of DOGE fails to break through the $0.1465 level, it may decline again. The initial support level on the downside is around $0.1420. The next major support level is around $0.1400.

Binance data highlights surprising market trends, Bitcoin confidence strengthens
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CryptoQuant analyst Crazzyblockk recently released a report exploring the implications of Binance's Bitcoin inflow metrics and their potential impact on market sentiment.
The analysis provides insights into how short-term and long-term participants view the current market conditions. This analysis was also published as Bitcoin's price rebounded to over $100,000 a few days ago.

Binance inflow trends drive optimism in the Bitcoin market.
Binance is one of the largest cryptocurrency exchanges in the world and plays a key role in shaping the Bitcoin trading landscape.

Currently, Binance's average actual price for Bitcoin deposits is $63,000. Despite prices being at historical highs, the inflow CDD (Coin Days Destroyed) metric remains low.
These data suggest a significant pattern among Bitcoin investors, showcasing the “subtle interplay” between market confidence and trading activity.
Crazzyblockk revealed that the low inflow CDD metric indicates that the Bitcoin deposited at Binance primarily comes from short-term holders or new market entrants, rather than long-term held Bitcoin.

This trend suggests that long-term investors continue to adopt a “hold” strategy, choosing not to liquidate their assets despite Bitcoin's price volatility. The analyst added that experienced investors are unwilling to sell their holdings, indicating their sustained belief in Bitcoin's long-term potential.

This trend reflects a decrease in sell pressure and an increase in market optimism. Binance's ability to attract significant capital inflows further solidifies its reputation as a trusted exchange, making it an important hub for both institutional and retail investors in the ever-evolving cryptocurrency space.

Bitcoin market performance and outlook
So far, Bitcoin's price remains above $100,000. Earlier this week, Bitcoin trading prices exceeded $102,000 and recently attempted to refresh its all-time high (ATH) of $103,679, but it faced a pullback again, currently trading at $101,090.

MOODENG: This mode can push it to break through $0.93, provided that .................
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Moo Deng [MOODENG] has decreased by 2.07% in the past 24 hours. As of the time of writing, the trading price of the token is $0.3876.
Its 24-hour trading volume is $133.7 million. In the past week, the token has decreased by 15.97%.
The market capitalization of MOODENG is $383.5 million, with a circulating supply of 990 million tokens. In the past 24 hours, its price has fluctuated between $0.3797 and $0.4042.

In the past 7 days, its price has fluctuated between $0.3232 and $0.5358. Since reaching an all-time high of $0.6804 on November 15, 2024, MOODENG has retraced by 43.3%.
Despite the recent decline, analysts are optimistic about a potential bullish breakout. The descending wedge pattern on the chart suggests that the current downtrend may reverse, leading to a significant price rebound.
Bullish descending wedge and key support level
The price movement of MOODENG shows a descending wedge, a chart pattern that typically signals a potential reversal.
This pattern is characterized by consistently lower highs and lower lows converging to a point, usually indicating a weakening downtrend and an increased likelihood of an upward breakout.

One analyst emphasized that $0.35 is a key support level. This area has held strong multiple times, preventing further declines and becoming a critical accumulation zone.
According to Rose Premium Signals, the next major move will depend on breaking above the upper wedge trendline.

Analysts state: "Breaking the wedge indicates that bullish momentum will continue, with strong upward potential."
Expected price targets after the breakout include $0.56, $0.74, and $0.93. In particular, the $0.93 level is seen as a challenging resistance level that may determine whether further upside is possible.
Market sentiment and trading activity
Market data shows a 31.53% decrease in trading volume, currently at $414.98 million. Open interest has also fallen by 6.52%, currently at $139.12 million.
Although investor sentiment remains mixed, this data suggests a decline in market participation.

How the PEPE whale that slept for 600 days turned $27 into $52 million using PEPE tokens
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Since Donald Trump won the U.S. election and the cryptocurrency trading market began to look bullish, many dormant accounts have returned to the market to benefit from the rebound. One such PEPE holder has also gained immensely, turning $27 into $52 million by investing in PEPE tokens. Interestingly, this isn't just trading for a day or a month, as this dormant PEPE whale has held trillions of tokens for two years.
Dormant PEPE whale achieves 1,900,000 times return through PEPE tokens
According to a post by Lookonchain, this cryptocurrency whale was silent for 600 days before entering the cryptocurrency trading market. At that time, it spent 0.0135 ETH (equivalent to $27) to purchase 2.1T PEPE during a price downturn. However, with the bull market performance of the token this year, that same investment has turned into $52 million, bringing extraordinary returns to the investor.

The dormant PEPE whale still holds all these tokens but has transferred them to a new wallet. This way, after holding these tokens for two years, this investor achieved a return of 1,900,000 times. Interestingly, this is not the only cryptocurrency trader profiting from PEPE tokens. Another trader turned $70 into $7 million after holding the tokens for two years, similar to this cryptocurrency whale.
This indicates that popular meme coins are setting a benchmark for huge returns. However, these meme-themed cryptocurrencies carry volatility risks, so appropriate cryptocurrency trading strategies are necessary.
Can PEPE reach $1?

As more and more cryptocurrency users become millionaires with such memecoins, investors are curious whether PEPE can reach the $1 mark. It is one of the strongest performing coins this year, having increased in value by 1606% year-to-date, recently reaching a historical high of $0.00002825, and currently trading at $0.00002397, with a market cap of $10.08 billion. However, for the price of PEPE to reach $1, its value must increase by 4,130,000%. Unless there is a significant bull market, this is almost impossible.

On December 14, a key indicator for the third-largest cryptocurrency XRP saw a significant surge. According to data provided by CoinGlass, the open interest (OI) for XRP skyrocketed by 13.3% to $3.77 billion. Open interest data helps gauge the total number of outstanding derivative contracts in the market, allowing for a better understanding of traders' exposure to a particular asset.

XRP trading volume also surged by 8.87% to $12.83 billion. The price jumped to $2.53 but soon experienced a pullback. As of the time of writing, the trading price of XRP is $2.46.

Will the XRP ETF be launched soon? Due to speculation surrounding the imminent launch of the XRP ETF, this cryptocurrency has also garnered more attention. According to U.Today, companies like Bitwise and Canary Capital have already proposed several spot ETF products. The head of BlackRock's ETF division has denied recent speculation about the company's plans to apply for an XRP ETF.

U.S. regulators, particularly the Securities and Exchange Commission (SEC), are expected to approve ETFs like SOL and XRP by the end of next year. According to U.Today, at the end of November, the asset management company WisdomTree submitted a genuine application for a spot XRP ETF. In addition, several other financial management companies have done the same this year—Bitwise, 21Shares, and Canary Capital. On Tuesday, Ripple's RLUSD stablecoin officially received approval from the New York State Department of Financial Services (NYDFS).

Ripple will be authorized to offer RLUSD to the public, marking a significant step toward its entry into the regulated digital financial market in New York and strengthening its position in the stablecoin ecosystem. RLUSD will provide a regulated alternative to Tether's $130 billion USDT, which dominates the stablecoin market. Ripple's move comes amid increasing competition, with companies like PayPal also developing stablecoins to capitalize on this lucrative industry. The U.S. Second Circuit Court of Appeals has directed the SEC to submit its final arguments by January 15, after which the court will evaluate motions to dismiss or continue part of the case.

Chainlink Soars 22%, Outperforming the Market - What’s Behind It?
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Chainlink has surged significantly over the past week, outperforming other stocks in the industry. According to on-chain data, here are the factors driving this trend.
Chainlink's price has recently soared
The past few weeks have been a great time for LINK investors, as the asset's value has nearly doubled compared to early November. At the beginning of this week, the token faced some setbacks, but strong bullish momentum has returned in recent days.
The chart below shows LINK's performance over the past few months:

From the chart, it can be seen that after jumping over 47% from the bottom earlier this week, Chainlink has successfully broken through the $28 mark. The asset's current weekly gain exceeds 22%, making it the best performer among the highest market cap cryptocurrencies.

Speaking of market cap, by this metric, LINK is currently the 12th largest company in the industry, just above Shiba Inu (SHIB).

From the table above, it is evident that Chainlink's next competitor is Avalanche (AVAX). Its market cap is still $3.5 billion higher than LINK, so assuming the bullish momentum does not fade, it will take some time before a reversal occurs.
As for the reasons driving the cryptocurrency surge, perhaps on-chain data can provide some clues.

LINK Sharks and Whales Have Been Busy Accumulating
In a recent post on X, the on-chain analytics firm Santiment discussed the behavioral differences between small and large entities on the LINK network. The relevant metric here is 'Supply Distribution,' which tracks the total amount of Chainlink currently held by a given group of wallets.
In the context of the current topic, the two address ranges of interest are 0 to 100,000 coins and 100,000+ coins. At the current exchange rate, the 100,000 boundary between these two groups translates to approximately $2.8 million.
Addresses holding above this value are considered key market investors, referred to as sharks and whales. Therefore, the supply distribution of this group tracks the behavior of large investors.
Now, here is the chart shared by the analytics company, showing the comparison of this metric between sharks and whales versus regular investors:

XRP OI surges 13.28%: Is something big about to happen?
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On December 14, the third-largest cryptocurrency XRP saw a major surge in a key metric. According to data provided by CoinGlass, XRP open interest (OI) surged 13.3% to $3.77 billion. Open interest data helps measure the total number of open derivatives contracts in the market, which can actually understand the degree of exposure traders have to a certain asset.

XRP trading volume also surged 8.87% to $12.83 billion. The price surged to $2.53, but soon after, there was a pullback. As of this writing, XRP is trading at $2.46.

Will the XRP ETF be launched soon? The cryptocurrency has also attracted more attention due to speculation surrounding the upcoming launch of the XRP ETF. As reported by U.Today, several spot ETF products have been proposed by companies such as Bitwise and Canary Capital. The head of BlackRock's ETF division denied recent speculation that the company plans to apply for an XRP ETF.

US regulators, especially the Securities and Exchange Commission (SEC), are expected to approve ETFs such as SOL and XRP by the end of next year. As reported by U.Today, at the end of November, asset management company WisdomTree submitted a real application for a spot XRP ETF. In addition to this, several other financial management companies have done the same this year - Bitwise, 21Shares and Canary Capital. Ripple vs. SEC On Tuesday, the RLUSD stablecoin was officially approved by the New York State Department of Financial Services (NYDFS).

Ripple will be authorized to offer RLUSD to the public, marking a major step towards the regulated digital financial market in New York and strengthening its position in the stablecoin ecosystem. RLUSD will provide a US-regulated alternative to Tether's $130 billion USDT, which dominates the stablecoin market. Ripple's move comes amid increased competition, with companies such as PayPal also developing stablecoins to take advantage of the lucrative industry. The U.S. Court of Appeals for the Second Circuit has directed the SEC to file final arguments by January 15, after which the court will evaluate motions to dismiss or proceed with parts of the case. The SEC filed a lawsuit against Ripple in December 2020, alleging that Ripple's sale of XRP constituted an unregistered securities offering.

Market interest surges, XRP listed on a large scale, what's next?
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XRP Listing: Following recent volatile trading, the cryptocurrency experienced a strong recovery today, bolstered by a series of positive developments that lifted market sentiment. Among these, the significant listing announcement of Ripple's native cryptocurrency further enhanced investor confidence in the asset. Notably, listings on major exchanges or any positive developments often ignite investor hopes, indicating a surge in exchange interest in the asset.
XRP Listing Sparks Optimism
As investors begin to regain confidence in the asset, XRP surged significantly today. Meanwhile, a leading cryptocurrency exchange announced that it would list the token on its platform, drawing significant attention from investors.
In context, Arkham Exchange stated on December 13 that it plans to list Ripple's native cryptocurrency on its platform. Additionally, it mentioned that it would list spot and perpetual pairs of the token, further showcasing the exchange's confidence in the asset.

At the same time, it is worth noting that the exchange stated in its subsequent listing announcement, "XRP trading is now live," which captured the attention of market enthusiasts. Furthermore, this comes during a period of strong recent gains in cryptocurrency, indicating robust market confidence in cryptocurrencies.

On the other hand, a series of other positive developments have also fueled market hopes. Moreover, as the major summary deadline for the Ripple vs. SEC case approaches on January 15, 2025, investors are also turning their attention to the asset. However, many expect that SEC Chairman Gary Gensler will cause significant issues in the ongoing legal dispute before he steps down on January 20.
What's Next for Ripple?
In the latest XRP litigation news, the plaintiffs in the class action against Ripple Labs have appealed to the Ninth Circuit Court of Appeals. This appeal questions the recent favorable ruling for Ripple, its CEO Brad Garlinghouse, and XRP II. Notably, the plaintiffs are seeking to overturn the summary judgment order won by Ripple in the district court and other pending arguments.

Elliott Wave analysis predicts that Shiba Inu prices may double
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Shiba Inu is a popular meme coin that has surged in price over the past 24 hours, reflecting a broader bullish trend in the market. The cryptocurrency market has shown strong momentum in the past month, attracting significant attention from investors. Shiba Inu maintains a strong upward trend, indicating potential for further growth. Elliott Wave analysis predicts that the value of SHIB may soon double.
Elliott Wave analysis suggests that Shiba Inu prices may rise by 2 times.
Cryptocurrency analysts shared a post on X showcasing the bullish Elliott Wave pattern for Shiba Inu ($SHIB). The chart reflects the ABC wave structure, indicating potential significant price fluctuations in the coming months.
Wave A began at the end of Q4 2023, laying the foundation for this pattern. Wave B ends in early Q3 2024, marking the correction phase. According to analysts' predictions, Wave C could push SHIB's price to $0.00050, representing an approximate 100% increase from its current value.

In the past week, after a market consolidation, this meme-based token has shown a slight downtrend. However, SHIB prices have recently rebounded in the cryptocurrency market, with BTC hovering above $100,000, driving this increase. As of the report time, SHIB's price stands at $0.00002849, having risen by 2% in the past 24 hours.
As whales accumulate, SHIB's supply on exchanges has significantly decreased.
With key indicators showing a bullish trend, whale activity surrounding SHIB has become a focal point. The supply of SHIB on exchanges (indicated by the red line) has significantly decreased. This decline suggests that investors are moving their tokens to cold wallets, indicating growing confidence in the long-term value of this asset.
A decrease in exchange supply usually leads to reduced selling pressure, which is a positive development for price stability and growth.
The yellow line shows a steady increase in the SHIB supply held by top non-exchange addresses. This indicates that major investors or whales are actively accumulating, further enhancing the bullish sentiment.

Reasons Why HBAR Price May Be Ready to Rise by 20%
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HBAR is the utility token of the Hedera Network, and as it approaches a bullish breakout on the chart, it may gain significant upward momentum.
In recent days, HBAR has attracted the attention of many cryptocurrency enthusiasts with its outstanding performance. Meanwhile, its recent price trends indicate that this upward momentum may also continue.
HBAR Technical Analysis and Key Levels
According to AMBCrypto's technical analysis, HBAR seems poised to break out of a symmetrical triangle price action pattern on the four-hour timeframe.
However, as of the time of writing, despite the altcoin's attempt to break this pattern, it appears to be struggling.

Based on recent price trends, if HBAR successfully breaks and closes above $0.328 on the four-hour candlestick chart, it is likely to rise by 20% in the near future to reach the $0.40 level.
Additionally, if the market sentiment for the altcoin remains unchanged, it is likely to further rise by 20%, reaching the $0.46 level.
On the positive side, HBAR's Relative Strength Index (RSI) reading is 57, which is below the overbought zone. This indicates that the asset still has significant upside potential in the coming days.
Bullish On-Chain Indicators
On-chain analytics company Coinglass indicates that this bullish technical analysis for a shorter timeframe seems to have attracted the interest of HBAR long-term holders. In fact, HBAR's spot inflow/outflow data shows a significant outflow of $11 million from exchanges.

Conversely, on-chain indicators show that despite a significant price drop on Tuesday, long-term holders remain neutral. In fact, they appear to be accumulating tokens.
Coinglass reveals that besides long-term holders, traders also seem to be interested in the altcoin. As of the time of writing, HBAR's long/short ratio is 1.005, highlighting the strong bullish sentiment among traders.
Combining these on-chain indicators with technical analysis suggests that bulls have been strongly dominating this asset. This may help HBAR overcome obstacles on its path.

Dogecoin's Amazing Surge in 2024: A Closer Look
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According to Finbold, Dogecoin (DOGE), the original meme coin, has experienced a significant rise in 2024, although it has not yet reached the level of Bitcoin (BTC) rising to $100,000 or XRP exceeding $2. Nevertheless, Dogecoin's performance is still worth paying attention to, providing investors with considerable returns. As of December 13, 2024, the price of Dogecoin has soared to $0.40381, a significant increase from the price of $0.005685 on January 1, 2021. This price trend means that a $1,000 investment in Dogecoin at the beginning of 2021 would grow to approximately $70,978, an increase of 7,003.08%.

However, those who strategically sold Dogecoin when it peaked in May 2021 could have turned a $1,000 investment into $120,453 in a matter of months. In the current bull run, Dogecoin is priced at $0.09206 at the start of 2024, with a year-to-date gain of 352.14%. A $1,000 investment on January 1, 2024 would have purchased over 10,862 Dogecoins, which would have been worth $4,386 by December 13, 2024.

Despite Dogecoin’s impressive performance, it is not the best performing meme coin for long-term holders. Finbold’s calculations show that a $1,000 investment in Shiba Inu (SHIB) on January 1, 2021 would have grown to $172,888 on December 12, 2024. For long-term Dogecoin investors, the key question at the end of 2024 is whether to continue holding the coin. While there is no clear answer, investors who bought after May 2021 and before November 2024 may consider taking profits.

Crypto market sentiment suggests that the bull cycle is still in its early stages. Dogecoin looks relatively stable, with a relative strength index (RSI) of 55.23, indicating that it is neither overbought nor oversold. In addition, DOGE has experienced 17 up days in the past 30 days, reflecting optimistic investor sentiment and confidence in its continued upward trajectory.

Solana (SOL) is crucial for the following reasons: Key Shiba Inu (SHIB) support survives, is a hidden XRP volume pattern forming?
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As the price trend attempts to rebound from recent losses, Solana finds itself in a vulnerable position. The descending trend line on the chart indicates ongoing selling pressure, with buyers desperately trying to defend the 26 EMA, which is a critical support level. Solana has failed to break through the descending trend line around $240 and is currently trading at approximately $225, clearly indicating hesitation among market participants. Due to this resistance zone, investors are now on the brink of a collapse, putting SOL in a precarious situation where any significant move could determine the mid-term trend. Thus far, the 26 EMA has become a lifeline to prevent further collapse. Historically, price recoveries during correction phases have been supported at this level, and maintaining above it could lead to a pullback to the descending trend line at $240.

Breaking this level would pave the way for a move towards $260, a psychologically significant area that may attract bullish momentum. Conversely, falling below the 26 EMA (currently at $213) could lead to further declines. In this case, the next important support level is the 50 EMA at $193.

Next is the 100 EMA, located at $172. If these support levels are breached, the bearish trend will reverse, leading to more severe selling pressure. Compared to Solana's recent rebound, volume data shows a decrease in activity, indicating waning interest. Although the RSI neither indicates overbought nor oversold conditions, it hovers near neutral, allowing for a reversal or continuation of the current trend.

Shiba Inu maintains its position with the 26 EMA shown as a key support level, thus Shiba Inu holds its ground. The price has recently tested this level after a period of downward pressure but has recovered well, showing resilience. SHIB's current trading price is $0.00002817; its ability to stay above this critical level suggests a potential recovery in the short term. The key point for SHIB is the 26 EMA, which provides a stable foundation for the asset amidst recent fluctuations.

Pantera Capital founder reveals 3 cryptocurrencies that will explode during the Bitcoin bull market! 
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In a recent CNBC Fast Money interview, Pantera Capital's billionaire founder Dan Morehead made astonishing remarks about the future of cryptocurrency in 2025! With clearer regulations coming into play, he believes that Bitcoin and the entire cryptocurrency market will soar. But that’s not all—Morehead also revealed his bets on three major altcoins that are set to surge in the upcoming Bitcoin bull market.

Institutional investors are ready to enter the market
Dan Morehead particularly believes that 2025 will be a turning point. He thinks the regulatory environment will become clearer, making it easier for large institutions to invest in Bitcoin and other cryptocurrencies. 
Currently, most institutions have limited investments in cryptocurrency. But once the rules are clearer, a significant amount of institutional money could flow into the market, driving Bitcoin prices up dramatically, potentially even reaching $1 million.
One of the most interesting ideas discussed by Morehead is the possibility of the U.S. establishing a Bitcoin strategic reserve. He pointed out that the U.S. already holds about 1% of the world's Bitcoin, and he believes the U.S. might increase its holdings. 
Morehead sees this as a wise move, as Bitcoin could become a valuable asset in the digital age, much like gold has been for centuries.
Dan Morehead's big bets: TON, Solana, ONDO
While Bitcoin has been Morehead's focus, he has also made significant investments in several promising altcoins. He mentioned that Pantera Capital holds a significant position in TON, Solana, and ONDO. 
Morehead believes these altcoins have enormous potential, and as Bitcoin leads the next bull market, their value could rise. His strong confidence in these tokens indicates that they may achieve impressive growth in the coming months.
Donald Trump buying these altcoins
In another significant cryptocurrency update, Donald Trump's World Liberty Financial has recently been exchanging USDC stablecoins for top altcoins like Chainlink (LINK) and AAVE. This indicates that even large traditional companies are starting to see the value of cryptocurrency.

SUI hits new highs, can the bullish momentum push the price to $5 this weekend?
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SUI's momentum continues after reaching its all-time high (ATH) on Friday morning. The cryptocurrency surged 4.5% this week for the second time, approaching the $5 mark, igniting investor optimism about the future price trajectory of the token.

SUI hits new high, approaching $5
SUI is one of the leading cryptocurrencies in this bull market, with a year-to-date (YTD) increase of over 521%, and nearly 182% since the fourth quarter began. The token also outperformed the market during corrections in the second and third quarters, achieving significant gains while most altcoins struggled.
As the cryptocurrency market heats up in preparation for the U.S. elections, SUI experienced a brief consolidation period after breaking through its March peak. The token's price hovered between $1.7 and $2.3 before continuing its 'price discovery' mode in November.

The explosive surge after the U.S. elections pushed cryptocurrency prices over the $3 mark, approaching the $4 threshold, before retreating. Nevertheless, SUI's momentum resumed on December 5, reaching the $4.5 mark, thanks to Bitcoin's first breakthrough of $100,000.
This week, the token's upward trend continues, with SUI rising 14% in the past 7 days and setting a new record of $4.92 on Friday morning. After surpassing Polkadot (DOT), SUI's outstanding performance has also propelled the token into the top 15 cryptocurrencies by market capitalization.
Will SUI's price peak in June?
In SUI's performance, several analysts have pointed out that this token, often referred to as the 'Solana killer,' seems to be repeating SOL's trajectory from 2021. Market observer Mags compared the two charts, indicating that investors are not yet prepared for SUI's impending movement.

During the 2020-2021 cycle, Solana experienced significant gains, pushing its price to previous highs. Its price trajectory gave SOL momentum at the end of 2020, soaring to its first major peak in May 2021. Subsequently, Solana consolidated for several months before resuming its upward trend, reaching a peak of $259 in late November 2021.