BTC, ADA, IOTA, XRP Outlook: Can Altcoins Thrive Amid Bitcoin’s $100K Correction?
Release: 2024/12/07 07:59 Reading: 663
Altcoins Exhibit Resilience Amid Bitcoin Pullback
Amid Bitcoin's inability to sustain its climb above $100,000, several altcoins, including Cardano (ADA), Ripple (XRP), IOTA, Sui (SUI), and Pepe Coin (PEPE), have demonstrated resilience and growth potential.
Technical Landscape for Bitcoin (BTC)
Bitcoin's attempt to break out from a symmetrical triangle near $102,000 failed, indicating selling pressure at higher levels. Two potential scenarios emerge:
- A break above $102,000 could lead to $116,000 by December's end.
- A break below $96,000 could trigger a deeper correction to $82,000.
Altcoin Analysis
Cardano (ADA)
- Currently facing resistance at $1.20, with a 264% month-to-date gain.
- A break above $1.20 could push ADA to $1.50, strengthening the bullish trend.
- Failure to breach $1.20 may lead to a pullback towards $1.01.
Ripple (XRP)
- Consolidate near $2.25, a major support level.
- Market optimism regarding the SEC potentially dropping its appeal against Ripple fuels hopes of XRP reaching $3.
IOTA
- Tokenization and supply chain integration drives bullish narrative.
- Current price holds above $0.40, offering further upside potential.
- Analysts view the current dip as a buying opportunity.
Sui
- Rallied after breaking an inverse head-and-shoulders pattern near $3.70.
- Overbought RSI at 80 suggests a potential 15% pullback to $3.67.
- A weekly close above $3.73 could lead to gains of 35%.
Pepe Coin (PEPE)
- Shows a bull pennant on its four-hour chart, indicating a 130% potential gain to $0.00000511.
- A break below $0.00000200 could negate this setup and expose PEPE to further downtrends.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com