ApeCoin (APEUSD) Buyers Are Reserving Strength for Breakthrough

Market Analysis – Price Accumulation Continues to Unfold

ApeCoin (APEUSD) buyers are reserving strength for breakthroughs. The crypto price is currently in a phase of price accumulation around the $1.7890 level. Its current effort indicates a lack of significant buyer momentum. Despite this, there are signs that buyers might be gearing up for a potential breakout. It is obvious, as positive gains have been observed at the beginning of this week.

APEUSD Significant Zones

Resistance Levels: $1.7890, $2.5490
Support Levels: $0.9660, $0.8000

ApeCoin (APEUSD) Buyers Are Reserving Strength for Breakthrough

Key resistance levels to keep an eye on include $1.7890 and $2.5490, while support levels are situated at $0.9660 and $0.8000. Buyers have been making attempts to surpass the critical $1.7890 level, but sellers have remained resilient. Additional support is crucial for buyers to overcome this resistance.

While the possibility of a breakthrough above the $1.7890 zone exists, caution is advised. This is, however, due to the current sluggishness in buyer activity, which could result in a sell-off. The confidence exhibited by buyers is not yet robust, although the MACD (Moving Average Convergence and Divergence) indicator remains positive. The Parabolic SAR (Stop and Reverse) also suggests that buyers are holding their ground despite a low impulse. 

ApeCoin (APEUSD) Buyers Are Reserving Strength for Breakthrough

Market Expectation

On the 4-hour chart, the market indicates that buyers are not strong enough to make a breakthrough. This low impulse is keeping the market in an accumulation stage as it awaits a potential breakout.
At the moment, there are indications of potential buyer activity and a breakout. It’s therefore essential to proceed with caution, considering the crypto market conditions.

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Litecoin (LTC/USD) Market Exhausts Energy, Tending Corrections

Litecoin Price Prediction – December 4
An overbought condition has come to materialize in the market activities that are biding Litcoin together with the valuation of the US coin as the crypto-economic trade exhausts energy, tending to corrections around the logical point of $75.

Even though the positive pushes are resisting notable decreasing notes, buyers have only recently slowed down their northward drive as of this psychoanalytic period. However, the oscillators’ likely final motion capacity to the lower zones would then need to be used to determine when the LTC/USD market returned to essential changes to the downside.

LTC/USD Market
Key Levels:
Resistance levels: $80, $85, $90
Support levels:$65, $60, $55

LTC/USD – Daily Chart
The LTC/USD daily chart shows the crypto-economic market exhausts energy, tending to corrections around the upper Bollinger Band.

The Bollinger Band indicators have managed to place more of the northern direction between the points of $75 and $65. A formation of a full bullish candlestick body against the point of $75 will possibly cause the upper trend line of the Bollinger Band to stretch furthermore to the upside without having room for a longing pattern in the presumed scenario. The stochastic oscillators have diverged into the overbought region, denoting that sellers may soon regain strength for a while if the market eventually loses between $75 and $80.
Litecoin (LTC/USD) Market Exhausts Energy, Tending Corrections
Considering that the LTC/USD market has been trading near the upper Bollinger band, should buyers continue placing new orders?
Capitalists may continue to bring in more funds into the worth of Litecoin at $75 against the valuation of the US currency, given that the crypto-economic price exhausts the energy index, tending corrections even around the same value.
As this psychological write-up’s main line, long-position takers are cautioned against entering the market because there isn’t enough velocity to support more rising movements to the north. On the other hand, long-term traders who hold the lowest lot of openers may aim to buy back in case the price moves to other lower trading locations in order to gather momentum for rallies.

The general consensus right now is that the bullish trading cycle is drawing closer. As a result, one should exercise caution while shorting position orders, particularly in the absence of any concrete action to support them. By obtaining complimentary repositionable points between the 4-hour and 1-hour charts at this time, sellers may be able to showcase an overbought condition prior to initiating a sale.
Litecoin (LTC/USD) Market Exhausts Energy, Tending Corrections
LTC/BTC Price Analysis
In contrast, Litecoin is in a mode of tending corrections against the valuation of Bitcoin at the lower Bollinger Band trend line.

It appears like the stochastic oscillators are giving in to a downward trend. A smaller bearish candlestick is developing; it is pushing against the lower line of the Bollinger Band, indicating that the primary cryptocurrency market instrument is attempting to flex its muscles against the secondary cryptocurrency instrument once more.


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Bitcoin Hits $42,000, MicroStrategy and El Salvador Celebrate Profits

In a remarkable surge, Bitcoin (BTC) catapulted to a new high, surpassing $42,000 on Monday, marking levels unseen since April 2022.

MicroStrategy (MSTR), a key player in Bitcoin holdings, witnessed a boon as the value of its 174,530 bitcoins soared over $2 billion with the cryptocurrency’s surge. The company, led by Michael Saylor, has strategically accumulated Bitcoin since August 2020, having invested $5.28 billion at an average price of $30,252 per BTC by November 30.

As of now, with Bitcoin hovering around $41,700, MicroStrategy’s holdings stand at approximately $7.3 billion.

MicroStrategy CEO Saylor
Image: Bloomberg

Saylor, a vocal Bitcoin advocate, champions the cryptocurrency as a store of value and a hedge against inflation. Despite crypto market volatility and regulatory uncertainties, MicroStrategy funded its Bitcoin purchases through a combination of debt and equity issuance.

El Salvador’s Bitcoin Holdings in $3 Million Profit

Earlier today, El Salvador’s President, Nayib Bukele, shared that the country’s BTC investment is now profitable by over $3.6 million, following the weekend’s crypto rally. El Salvador, holding around 2,744 bitcoins as of three weeks ago, with an average acquisition cost slightly below $42,000, maintains a steadfast commitment to Bitcoin. Bukele emphasized the long-term strategy, positioning BTC as a tool for financial inclusion and economic development.

Crypto Inflows Surge for the 10th Consecutive Week

This BTC surge coincided with the 10th consecutive week of inflows into digital asset investment products, totaling $176 million last week, according to the latest report by CoinShares.

crypto inflows
Image: CoinShares

Since October 2021, total inflows have reached $1.76 billion, constituting 4% of assets under management (AuM). Despite a 107% rise in total AuM this year, reaching new heights, it remains below the peak of $86.6 billion in 2021. Trading volumes for exchange-traded products (ETPs) remained robust, hitting $2.6 billion for the week, comprising 12% of total BTC volumes.

 

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Bitcoin Cash (BCH/USD) Retraces Resistance at $270, Testing October 24th Level

On August 18, bullish traders strategically intervened at the $180 price level to curtail the robust bearish trend observed between August 16 and August 17. Subsequently, amid ongoing volatility and a discernible equilibrium between demand and supply, the bulls successfully established higher lows. This development has fostered bullish momentum, propelling the market towards a recovery and higher price levels.

Bitcoin Cash Market Data

  • BCH/USD Price Now: $251.40
  • BCH/USD Market Cap: $4,896,947,590
  • BCH/USD Circulating Supply: 19,576,444 BCH
  • BCH/USD Total Supply: 19,576,444 BCH
  • BCH/USD CoinMarketCap Ranking: #19

Bitcoin Cash (BCH/USD) Retraces Resistance at $270, Testing October 24th Level

Key Levels

  • Resistance: $260, $270, and $280.
  • Support: $230, $220, and $210.

Bitcoin Cash Market Forecast: Analyzing the Indicators

On October 24, Bitcoin Cash bulls successfully propelled the market to an upward price level, reaching a peak of $270. Despite occasional bearish pressure throughout the bull market that led to this high, the bulls maintained control. However, following the market’s peak at $270, the bearish sentiment gained strength, leading to a downturn. Bulls intervened at the $220 price level, effectively curbing the bear market. In today’s market, the price has initiated a retracement from the October 24 resistance at $270.

While the bullish candlestick signals strength in the bull market, the upper shadow indicates a lingering bearish sentiment around the $260 price level. The volume of trade indicator displays a significant histogram, reinforcing the ongoing bullish movement. This signal from the volume of trade indicator provides bullish traders with the conviction to consider long trading positions.

Bitcoin Cash (BCH/USD) Retraces Resistance at $270, Testing October 24th Level

BCH/USD 4-Hour Chart Outlook

The 4-hour chart’s analysis of Bollinger Bands indicates that the recent aggressive bullish activities have pushed the market into the overbought region. Consequently, the last two candles, representing the latest two 4-hour sessions, feature inverted hammer candlesticks, suggesting a concentration of sell orders near the $260 price level. This market dynamic has led to a decline in trading volume. While the upper standard deviation curve of the Bollinger Bands is more divergent than the lower standard deviation curve, there is a possibility that the market will consolidate around the current price. This consolidation could serve to fortify the level as either a support or a resistance.

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Dogecoin (DOGE/USD) Market Keeps Hiking, Contending Resistances

Dogecoin Price Prediction – December 4
A firm positivity trade signal has continued to take center stage at the expense of bears’ weaknesses in the DOGE/USD trade operations as the crypto market keeps hiking, contending resistances around the flashy-barrier trading line of $0.090.

Even though there hasn’t been a pattern to pull down terribly soon, it wouldn’t be a good moment for newly intending long-position takers to play alongside the forces at this material point of the analytics. Sellers may be able to recover a respectable shorting entry in the vicinity of the $0.095 resistance level. Bulls should refrain from applying additional force to the current rises and instead avoid overly leveraging their points.

DOGE/USD Market
Key Levels:
Resistance levels: $0.095, $0.10, $0.15
Support levels: $0.070, $0.065, $0.060

DOGE/USD – Daily Chart
The DOGE/USD daily showcases that the crypto-economic market keeps hiking, contending resistances as an overbought condition has been reached.

The Bollinger Band trend lines are positioned more in the north than in any other direction. A well-grown bullish candlestick has been in the making to showcase that buyers are consolidating their stances to the north. The stochastic oscillators are in the overbought region, deepening their blue line in it.
Dogecoin (DOGE/USD) Market Keeps Hiking, Contending Resistances
Is there a chance that the US dollar will continue to weaken in opposition to the DOGE at the upper Bollinger Band?
As there has been an extreme condition of longing positions in the DOGE/USD trade operations, further execution of buy orders is to be suspended, given that the cryptocurrency keeps hiking and contending resistances around the line of $0.090.

Determining the price’s durability along the upper Bollinger Band trend line would be challenging. If the market tends to revert to vigorous corrections, long positions that may have been taken based around the $0.080 of the middle Bollinger band may be postponed around the $0.090 mark.

As a sign that buyers will lessen their effort to build muscle on the upward track, expectations have been rising. If that’s the case, selling activity might soon restart using the correct formational pattern, indicating that sellers will have more influence until a bearish candlestick confirms the likelihood of that.
Dogecoin (DOGE/USD) Market Keeps Hiking, Contending Resistances
DOGE/BTC Price Analysis
In contrast, the Dogecoin trade keeps hiking against the market value of Bitcoin, contending with resistances closely above the middle Bollinger Band.

The Bollinger Band indications are currently attempting to move back toward the north. Up to a higher point, the stochastic oscillators are crossing each other in a northbound fashion, getting closer to the 80 line. Most likely, a depression movement in the base cryptocurrency will restart, allowing the counter-trading instrument to drastically lose value.

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.


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Dash 2 Trade Price Predictions for Today, December 4: D2TUSD Looks Good for Long Position

Dash 2 Trade Price Forecast: D2TUSD Looks Good for Long Position (December 4)
D2TUSD price remains bullish and also looks good for the long investors at the present. The coin price will most likely continue its bullish run and the price could still go higher if the bulls can break up the $0.00520 value, then we can expect a good upside momentum up to $0.01100 upper resistance level and beyond.

Key Levels:
Resistance levels: $0.00900, $0.01000, $0.01100
Support levels: $0.00500, $0.00400, $0.00300

D2T (USD) Long-term Trend: Bullish (4H)
D2TUSD pair is positive and portrays a bullish market trend in its long-term outlook. This is clear as we can see the prices trading above the two EMAs.
Dash 2 Trade Price Predictions for Today, December 4: D2TUSD Looks Good for Long Position
The bulls’ pressure at the $0.00451 supply value during the previous session has kept the coin price above the supply trend levels in its recent high.

Today, the buy investors rallied to a $0.00453 resistance level above the two EMAs, implying an uptrend and a bullish impact on the coin. As buyers are currently clustered around the market, more upsides are possible.

If the Dash 2 Trade price currently increases and with sustained buying pressure, it is likely to retest the $0.00520 supply zone which could potentially drive the crypto price towards the upper resistance mark.

Furthermore, as we watch the crypto market turn strongly bullish under the influence of this market level in the long term, the price of D2TUSD could rise steadily soon and break through the previous high of $0.00520 to reach the $0.01100 upper resistance level in the coming days.

D2T (USD) Medium-term Trend: Bullish (1H)
On the medium-term outlook, upward pressure continues to dominate the D2TUSD pair. The coin price is now strongly trading above the moving averages with massive volumes from the bulls, indicating that the recent market structure has favored the bulls.
Dash 2 Trade Price Predictions for Today, December 4: D2TUSD Looks Good for Long Position
The coin has had a series of higher highs and higher lows in the last session, allowing the bulls to maintain the strength in its recent high.

As the 4-hour chart resumes today, the bulls corrected the $0.00453 supply value above the moving averages. This will encourage buy traders to invest in the Dash 2 Trade, as potential future gains are guaranteed.

As a result, a possible breakout from the current retracement at the $0.00453 neckline will accelerate buying momentum and push prices higher to the previous resistance level of $0.00465.

Notably, there is a possibility of a bullish breakout if the bulls increase their market tension as the daily stochastic signal points upward; this indicates an uptrend and a bullish trend continuation. As a result of this, the next target could be the $0.01100 high trend mark soon in the medium-term perspective.

Looking back at our monthly recap for November, four bullish points and four bearish points stood out for us at D2T.

 

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Polkadot’s Upswing Ceases As It Retests The $5.80 Peak

Polkadot (DOT) Long-Term Analysis: Ranging
The price of Polkadot (DOT) has remained above the moving average lines as it retests the $5.80 peak. However, the upswing has ceased since November 12, when the price reached its historical high of July 21. The uptrend ended on November 13 when it slipped between the moving average lines. The bulls bought the dips, resulting in the rally.

The altcoin is above the moving average lines and has reached a high of $5.52. The bulls plan to recover the $5.80 high. If the bulls can break above the current resistance level, the market will achieve a high of $8.75. The most recent high, however, has not been broken since July 21.

Polkadot, on the other hand, will trade below the resistance level but above the moving average lines if the bulls are unable to penetrate. The fall, however, occurs when the 21-day $MA is breached.

Polkadot's Upswing Ceases As It Retests The $5.80 Peak
DOT/USD – Daily Chart

Technical indicators:
Major Resistance Levels – $10, $12, $14
Major Support Levels – $8, $6, $4

Polkadot (DOT) Indicator Analysis
Since the uptrend’s end, the moving average lines on the 4-hour chart have been sloping horizontally. The price bars have held above the moving average lines, indicating that the cryptocurrency will continue to rise. Buyers are having difficulty breaking through the resistance level since the coin has reached overbought territory.

What Is the Next Direction for Polkadot (DOT)?
Polkadot has started a sideways trend as it retests the $5.80 peak. Since November 12, the price of DOT/USD has been oscillating between $5.00 and $5.80. Breaking the resistance and support levels will determine whether the market moves higher or downward. Meanwhile, the altcoin is trading above the moving average lines.

Polkadot's Upswing Ceases As It Retests The $5.80 Peak
DOT/USD – 4 Hour Chart

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$SPONGE (SPONGE/USD) Displays Resilient Bullish Momentum

On November 28, $SPONGE achieved a noteworthy pinnacle at $0.0003382, triggering initial concerns of a bear market following the formation of an inverted hammer—a recognized bearish signal. Surprisingly, the $SPONGE market defied expectations, with bullish traders orchestrating a measured recovery directed towards the late November peak.

Critical Price Levels:

  • Resistance: $0.00035, $0.00040, and $0.00045.
  • Support: $0.000250, $0.00020, and $0.00019.

$SPONGE (SPONGE/USD) Displays Resilient Bullish Momentum

In-Depth Technical Insights for $SPONGE (SPONGE/USD) Price Analysis:

The prevailing bullish bias effectively countered potential bearish momentum post the inverted hammer event. Rather than succumbing to a bearish trend, the $SPONGE market stabilized, consolidating around $0.0003046. This equilibrium between demand and supply fostered the establishment of a robust support level, laying the groundwork for further bullish pursuits. Another higher support level solidified around $0.0003109.

The emergence of these higher lows signals positive market development, echoed by the consistent upward trajectory in the Bollinger Bands, where both the two standard deviation curves and the 20-day moving average display upward trends. Despite persistent bearish pressure on the recently established higher support level at $0.0003109, it adeptly curtails downward price movements. The Relative Strength Index, registering a market momentum of 50.71, indicates an equilibrium state.

$SPONGE (SPONGE/USD) Displays Resilient Bullish Momentum

Short-Term Outlook on the 1-Hour Chart:

Analyzing the current RSI perspective reveals the index residing in the oversold region. This suggests a potential upward reversal, prompting traders to consider long trade positions. Alternatively, there is a possibility of the market consolidating in proximity to the $0.0003100 support level, establishing a pivotal price point for support or resistance. Nevertheless, given the prevalent bullish sentiment, the more likely outcome is the formation of a support level resulting from these dynamic market conditions.

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$SPONGE (SPONGE/USD) Is Making Notable Bullish Progress

On November 28, the SPONGE/USD market reached its peak at $0.0003382, subsequently initiating a bear market at that pinnacle. This bearish downturn resulted in the formation of an inverted hammer, a recognized bearish signal. Contrary to the anticipated bearish trend, bullish traders are currently orchestrating a modest recovery, aiming towards the market’s late November high.

Key Price Levels

  • Resistance: $0.00035, $0.00040, and $0.00045.
  • Support: $0.000250, $0.00020, and $0.00019.

$SPONGE (SPONGE/USD) Is Making Notable Bullish Progress

Technical Insights for $SPONGE (SPONGE/USD) Price Analysis:

Due to the prevailing bullish bias in the SPONGE/USD market, the bull market effectively counteracted the potential bearish momentum that could have ensued following the appearance of an inverted hammer. Instead, the market sustained a ranging trend, consolidating around $0.0003046. This equilibrium between demand and supply led to the establishment of a robust support level, serving as a foundation for further bullish endeavors. Another higher support level has been concretized at around $0.0003109.

The emergence of these higher lows signifies a positive market development, and the Bollinger Bands consistently depict an upward-moving price channel. Both the two standard deviation curves and the 20-day moving average exhibit upward trends. Despite the ongoing bearish pressure on the newfound higher support level at $0.0003109, it effectively restrains the downward price movement. The Relative Strength Index indicates a market momentum of 50.71, suggesting equilibrium in the market.

$SPONGE (SPONGE/USD) Is Making Notable Bullish Progress

Short-Term Outlook on the 1-Hour Chart:

In the current perspective of the Relative Strength Index (RSI), the market is characterized by the RSI line residing in the oversold region. This implies a potential upward reversal, as traders may interpret this signal as a catalyst to assume long trade positions. Alternatively, there is a likelihood of the market consolidating within the vicinity of the $0.0003100 support level, thereby establishing a crucial price level for either support or resistance. However, given the prevailing bullish sentiment in the market, the more probable outcome is the formation of a support level as a result of these market dynamics.

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