Fetch.ai (FET/USD) Finds Firm Footings Above the $0.70 Price Level

The Fetch.ai bull market, which originated at the $0.500 price level, has successfully surpassed both the $0.60 and $0.70 price thresholds. Nevertheless, above the $0.70 mark, the market is encountering significant bearish sentiment, impeding further bullish advancement. In an effort to counteract this downward pressure, bulls appear to have transformed the previously pivotal resistance at $0.70 into a support level, positioning themselves favorably to drive the market higher.

Fetch.ai Market Data

  • FET/USD Price Now: $0.77
  • FET/USD Market Cap: $630,947,597
  • FET/USD Circulating Supply: 829,208,210 FET
  • FET/USD Total Supply: 1,152,997,575 FET
  • FET/USD CoinMarketCap Ranking: #97

Fetch.ai (FET/USD) Finds Firm Footings Above the $0.70 Price Level

Key Levels

  • Resistance: $0.79, $0.85, and $0.89.
  • Support: $0.55, $0.60, and $0.65.

Fetch.ai Market Forecast: Analyzing the Indicators

The current bull market has successfully reclaimed the price level tested on December 15th. Fetch.ai‘s prompt recovery of this recent high demonstrates the market’s underlying buyer strength. Despite encountering bearish resistance around the $0.70 price mark, the bulls effectively overcame this barrier, underscoring their dominant position. Since December 12th, there has been a notable uptick in investor interest. Initially, the market appeared predominantly bullish; however, upon approaching the $0.70 level, pronounced price fluctuations heightened volatility. This volatility is evident in the Bollinger Bands indicator, which has expanded, highlighting the bear market’s strength at key resistance points. Currently, the prevailing market sentiment remains bullish, suggesting potential upward movement in the days ahead.

Fetch.ai (FET/USD) Finds Firm Footings Above the $0.70 Price Level

FET/USD 4-Hour Chart Outlook

From a 4-hour market analysis, the resilience of the bulls at the $0.700 price level is evident, preventing bearish pressures from pushing prices below this threshold. While the price currently appears to consolidate between the $0.700 and $0.800 levels, there is a strong possibility that the market will establish higher lows and potentially surpass the $0.800 price level.

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$SPONGE (SPONGE/USD) Poised for a Rebound Above the $0.0002 Threshold

On December 19, the SPONGE/USD market experienced a pronounced bearish downturn, resulting in a notable decline towards the $0.0002 price level. This marked a substantial move by the bearish segment of the market. Despite attempts by the bulls to defend the $0.0002 price level and counter the aggressive selling pressure, their efforts proved insufficient, leading them to regroup below this pivotal price point.

Key Price Levels:

  • Resistance: $0.00047, $0.00050, and $0.00060.
  • Support: $0.000350, $0.00030, and $0.00025.

$SPONGE (SPONGE/USD) Poised for a Rebound Above the $0.0002 Threshold

Technical Analysis for $SPONGE (SPONGE/USD):

The persistent bearish momentum has been temporarily halted by substantial bullish traders, and the market’s movement seems pegged around the $0.00016 mark. It is anticipated that the SPONGE/USD price may rebound from this level. Investors have a compelling reason to anticipate a notable bullish recovery from this point. Examination of the Relative Strength Index (RSI) reveals that it has hovered around the 20 level. Such a reading suggests that the market is significantly oversold, with assets potentially being sold below their intrinsic value. Given this context and the bullish sentiment around the $0.0002 level, a bullish recovery is anticipated at this juncture.

$SPONGE (SPONGE/USD) Poised for a Rebound Above the $0.0002 Threshold

Short-Term Projection on the 1-Hour Chart:

On the 1-hour chart, there is notable bullish resistance evident against the bearish momentum, particularly around the $0.00016 price level, which has led to the formation of a horizontal pattern characterized by flat candlesticks. Current indicators suggest a potential bullish recovery. Within the Relative Strength Index (RSI), the RSI line has retraced to the 30 level, indicating potential further room for bullish recovery in the SPONGE/USD market.

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Tamadoge (TAMA/USD) Holds Steady at $0.0086, Eyes Potential Rebound

The price level of $0.0086 has demonstrated notable resilience against the aggressive bearish sentiment initiated when the bull market reached the $0.0122 mark. Despite heightened volatility, the $0.0086 support level remained robust. It appears unlikely that the Tamadoge bears will push the market below this threshold. Following this consolidation phase, the most probable direction for the market remains upward.

Key Levels

  • Resistance: $0.013, $0.014, and $0.015.
  • Support: $0.0075, $0.0073, and $0.007.

Tamadoge (TAMA/USD) Holds Steady at $0.0086, Eyes Potential Rebound

TAMAUSD Price Analysis: The Indicators’ Point of View

Previously, even as the Tamadoge market traded sideways, the Bollinger Bands indicator indicated increased volatility through its wider bandwidth. However, during the recent daily trading session, the bands began to converge, forming a narrower envelope around the horizontally moving price channel. Concurrently, the Relative Strength Index (RSI) positioned the market at its midpoint, signaling equilibrium. This suggests that the ongoing consolidation trend is gaining confirmation as volatility subsides.

Tamadoge (TAMA/USD) Holds Steady at $0.0086, Eyes Potential Rebound

Tamadoge Short-Term Outlook: 1-Hour Chart

From a 1-hour chart perspective, the market has exhibited sideways movement, consistently holding the $0.0086 price level. While the Relative Strength Index (RSI) shows notable swings, particularly to the downside, surpassing the movements of the candlesticks, the overall market direction appears predominantly horizontal. This suggests a diminishing bearish sentiment within the Tamadoge market. Should a bullish trend emerge, the $0.012 price level could be a potential target.

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Solana (SOL/USD) Overcomes Bearish Resistance, Set to Claim the $90 Price Level

The Solana market has been on an upward trend since October. Notably, on December 8, the market reached a significant milestone, stabilizing around $72.58. This marked a breakout from the previous stalemate observed in daily sessions. Throughout the majority of yesterday’s trading session, the market exhibited bullish behavior. After comfortably surpassing the $80.00 mark, there was a brief moment when bearish traders initiated sell orders around the $84 price range. Nonetheless, the bullish momentum persisted, pushing the market closer to the $90 price point.

Solana Market Data

  • SOL/USD Price Now: $88.87
  • SOL/USD Market Cap: $37,997,837,060
  • SOL/USD Circulating Supply: 427,338,517 SOL
  • SOL/USD Total Supply: 565,385,248 SOL
  • SOL/USD CoinMarketCap Ranking: #5

Solana (SOL/USD) Overcomes Bearish Resistance, Set to Claim the $90 Price Level

Key Levels

  • Resistance: $92, $95, and $100.
  • Support: $72, $68, and $63.

Solana Market Forecast: Analyzing the Indicators

The temporary consolidation around the $72 mark did not diminish the pronounced upward trend indicated by the Bollinger Bands, which commenced in October. By mid-November, the bull market had encountered significant resistance. Although there were concerns that the Solana market might shift bearishly after encountering this resistance, bullish traders maintained their position around the $60 price level. The bearish pressure failed to breach the $50 mark. By early December, the bulls had propelled the market to a new price tier. A comparable scenario appears to be unfolding between yesterday and today, potentially ushering the market into a new echelon.

Based on the Relative Strength Index (RSI), the market is currently teetering on the brink of overbought territory, suggesting potential room for further bullish activity. Throughout November and December, the market remained in the overbought zone, reflecting the prevailing bullish sentiment.

Solana (SOL/USD) Overcomes Bearish Resistance, Set to Claim the $90 Price Level

SOL/USD 4-Hour Chart Outlook

Upon examining the market through the 4-hour chart, the volume indicator is showing histograms with diminishing heights. Despite approaching the crucial $90 resistance level, there are no apparent signs of bearish resistance, suggesting the potential continuation of the bullish trend. However, the declining trade volume hints at the possibility of the market consolidating around the $90 mark before resuming its upward trajectory.

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Coinbase Secures VASP License in France: CNBC

In a significant stride towards global expansion, Coinbase, a leading cryptocurrency exchange, has secured regulatory approval from France to operate as a virtual asset service provider (VASP).

This green light empowers Coinbase to provide a spectrum of services in the country, including storing, buying, selling, and trading digital assets, as reported by CNBC.

This approval is a notable achievement for Coinbase, which has been actively broadening its international footprint and augmenting its product offerings. The company recently unveiled plans to extend access to its spot trading platform and derivatives trading platform to non-U.S. institutions.

Additionally, Coinbase plans to enrich its platform by incorporating more digital assets and enhancing services tailored for retail customers.

Despite these triumphs, Coinbase faces regulatory hurdles on its home turf.

The Securities and Exchange Commission (SEC) is embroiled in a legal dispute with the exchange, accusing it of operating as an unregistered exchange. The SEC has also issued warnings of potential legal action should Coinbase proceed with the launch of a lending product.

Brian Armstrong, Coinbase’s CEO, has openly criticized the SEC for its lack of clarity and transparency, expressing concerns about potential innovation setbacks in the U.S. crypto space.

ARK Invest Continues Massive Offloading of Coinbase Shares

On a separate front, ARK Invest, spearheaded by Cathie Wood, has strategically reduced its stake in Coinbase amidst a surge in the stock’s December performance.

The investment firm divested over $196 million worth of COIN shares across its ARK Innovation and ARK Next Generation Internet exchange-traded funds (ETFs), according to Coindesk.

This move aligns with ARK Invest’s policy of capping exposure to any single company at around 10% of its holdings, a threshold that COIN still surpasses in both ETFs.

Coinbase, a trailblazer in the crypto industry, boasts over 56 million registered users and a staggering quarterly trading volume of $335 billion.

Coinbase has 56 million registered users
Image: Backlinko

Since its IPO in April 2021, Coinbase has continued to shape the cryptocurrency landscape, marking itself as the first major crypto exchange to go public.

 

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Bitcoin (BTC/USD) Trade Is Rising, Attempts Breaking Resistances

Bitcoin Price Prediction – December 21
The price actions that mark the presence of rises and decreases in the valuation of Bitcoin versus the worth of the US Dollar as the crypto-economic trade now sets for recovery after making a base, breaking resistances toward the point of $40,000.

The buying pressure has been building toward the $45,000 mark over time, not allowing any downside impulses. The trade activities will result in a pit stop or a reversal move once bulls apply force to test the point. Conversely, bears may eventually reclaim a respectable selling entry with the help of stochastic oscillators that are positioned in the overbought area.

BTC/USD Market
Key Levels:
Resistance levels: $45,000, $47,500, $50,000
Support levels: $40,000, $37,500, $35,000

BTC/USD – Daily Chart
The BTC/USD daily chart reveals the crypto market is recovering from a lower trading spot and attempts to break resistances toward $45,000.

The trend lines of the Bollinger Band are oriented northward, from $40,000 to $45,000. Finding trustworthy repurchase orders around the middle Bollinger Band’s trend line has been the recovery strategy for the majority of market corrections. The blue line on the stochastic oscillators has been bent northward from the oversold area to sit just below 40.
Bitcoin (BTC/USD) Trade Is Recovering, Attempts Breaking Resistances
What rising stance does the BTC/USD market currently have as it trades at $44,068.16?
Presently, the increasing force attitude tends to prolong as the mid-point of $42,500 remains unbroken and the BTC/USD trade is recovering, attempting to break resistances to average the line of $45,000.

It’s possible that long-position placers are prone to pushing higher yet by stepping up their efforts to continue running above $45,000. Long-term, the $40,000 mark will continue to be the crucial barrier against any potential declines in the perfect underlying support.

As regards the southward technical analysis of this market at this time, the forces to the upside are ongoing. And sellers are in a top-notch position to resist the moves once it gets exhausted around its higher trade zone of around $47,500. Therefore, it requires some level of patience before that can be achieved.
Bitcoin (BTC/USD) Trade Is Recovering, Attempts Breaking Resistances
BTC/USD 4-hour Chart
The BTC/USD 4-hour chart depicts that the crypto price is recovering as it attempts to break resistances toward the point of $45,000.

Variant 4-hour candlesticks have consistently appeared in the $45,000–$40,000 price range. Around 80, the stochastic oscillators seem to be veering to the north, occasionally sinking the blue line into the overbought area. Technically speaking, those positions have also been viewed as large range-bound locations, according to the Bollinger Bands’ indications.


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 Prediction for Today, December 21: D2TUSD Price Might Head to the $0.02000 High Mark

Dash 2 Trade Price Forecast: D2TUSD Price Might Head to the $0.02000 High Mark (December 21)
The D2TUSD price is currently on a bullish streak and remains stable. As the crypto faces strong bull pressure, the price may rise to $0.02000. As a result, a sharp breakout and close above the current correction phase’s high value of $0.00639 will invalidate any bearish thesis, and the coin price might head to the high at the $0.02000 resistance level and beyond, resulting in intraday gains for the buy traders.

Key Levels:
Resistance levels: $0.00800, $0.00900, $0.01000
Support levels: $0.00500, $0.00400, $0.00300

D2T (USD) Long-term Trend: Bullish (4H)
On the higher time frame, the D2TUSD pair exhibits a bullish sentiment. Buyers are optimistic about achieving higher levels, confirming their current market dominance.
Dash 2 Trade Price Prediction for Today, December 21: D2TUSD Price Might Head to the $0.02000 High Mark
The buy investors jumped to the $0.00589 supply value above the EMAs during the previous action and sustained it; this enabled the crypto to remain strong above the trend line in its recent high.

After completing the low-dips at the $0.00585 low value, the coin price found a reliable resistance at the $0.00639 value as a pullback above the two moving averages as the 4-hour session resumed today.

This indicates that the buy investors are dealing in the coin investment. Therefore, if the bulls could increase their tension in the market, the price tendency will move above the key resistance level at $0.00712.

The longer the price of Dash 2 Trade remains above the mentioned supply level, the more pressure builds up on the upside towards a key significant level.

Additionally, the D2TUSD price is pointing upwards on the daily stochastic, indicating that the coin price will most likely continue to rise and reach the $0.02000 supply trend line in the days ahead in its higher time frame.

D2T (USD) Medium-term Trend: Bullish (1H)
Upward pressure also dominates the D2TUSD pair in the medium-term time frame. The coin price now strongly trades above the moving averages with massive volumes from the bulls. Thus, the recent market structure has favored the bulls.
Dash 2 Trade Price Prediction for Today, December 21: D2TUSD Price Might Head to the $0.02000 High Mark
On the 1-hour chart today, there is a broader recovery in the prices. The coin price made a corrective move to a $0.00639 supply level above the moving averages as the bulls took to their stand in the market.

This bullish correction, however, indicates a gradual improvement in market sentiment and leads to more intraday gains in assets to higher prices.

In addition, more upsides are still coming as evidenced by the stochastic oscillator pointing upwards to indicate an uptrend. According to the current situation, the bullish rally may soon reach the $0.02000 upper resistance value in the medium-term time frame.

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Chainlink Drifts Lower as It Faces Further Rejection at $14.70

Chainlink (LINK) Long-Term Analysis: Bearish
Chainlink’s (LINK) price has fallen below the moving average lines as it faces further rejection at $14.70. The cryptocurrency fell above the $13.94 support level as bulls bought dips. Buyers are seeking to re-establish the cryptocurrency above the moving average lines. The rising trend is being met with resistance at the high of $14.70. In recent price activity, the market has been swinging between $13.90 and $17.00.

Moving average lines have restrained the upward movement. If the most recent high is rejected, LINK’s price will plummet to $13. It is unlikely that the cryptocurrency will continue to rise. The altcoin will trade above the $13 support level and below the moving average lines. The altcoin will drop to a low of $11.50 if it loses its present $13.00 support level.

 Chainlink Drifts Lower as It Faces Further Rejection at $14.70
LINK/USD – Daily Chart

Technical indicators:
Major Resistance Levels – $8.00, $10.00, $12.00
Major Support Levels – $6.00, $4.00, $2.00

Chainlink (LINK) Indicator Analysis
The cryptocurrency may continue to tumble because the price bars are below the moving average lines. The coin is correcting upward, and if it is rejected at the recent high, the drop will resume. The moving average lines are drifting lower due to the recent decline.

What Is the Next Direction for Chainlink (LINK)?
Chainlink has entered the bearish trend zone as it faces further rejection at $14.70. The rising movement has been halted below the resistance level of $14.70. The price of the altcoin is currently between $13.60 and $14.70. When these levels are breached, the cryptocurrency will trend.

 Chainlink Drifts Lower as It Faces Further Rejection at $14.70
LINK/USD – 4-Hour Chart

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Beyond Hype: Crypto’s Evolution from Speculation to Fundamental Growth

There is the notion that cryptocurrencies will evolve into robust onchain enterprises characterized by defined business frameworks, consistent cash flows, and enduring economic value. Envisioning a future where crypto, encompassing public blockchains and the associated protocols and ventures, becomes a globally recognized asset class, we anticipate its integration into a myriad of internet-centric business paradigms. As this transformation unfolds, we foresee a transition from speculative and narrative-driven investments to a focus on intrinsic value and foundational principles. The emerging indicators affirming this shift are becoming increasingly palpable. In this week’s briefing, we delve into pivotal developments related to onchain metrics, crypto fundamentals, and innovative financial instruments emerging in the crypto landscape.

A Brief History of Value Investing

The evolution of value investing is a testament to the intricate interplay of societal advancements and financial innovations. Today’s global equities landscape, boasting a staggering value nearing $110 trillion—with the U.S. contributing approximately $45 trillion—reflects the culmination of centuries of development.

The genesis traces back to 1602 with the Dutch East India Company’s inception, marking the world’s pioneering publicly traded enterprise. This milestone birthed the Amsterdam Stock Exchange, heralding the dawn of organized stock trading. Subsequent centuries witnessed the proliferation of stock markets in pivotal European hubs like London and Paris during the 1800s. Meanwhile, the U.S., spurred by the Industrial Revolution, experienced a surge in speculative fervor, notably around railroad stocks, catalyzed by the establishment of the New York Stock Exchange.

By the turn of the 20th century, stock markets had ingrained themselves as linchpins of the global economic framework. However, unchecked speculation, compounded by information asymmetry, precipitated the devastating stock market crash of 1929, ushering in the Great Depression.

Addressing the information disparity, public blockchains present a transformative solution. Entities like Token Terminal are leveraging this technology to provide invaluable insights to crypto enterprises, investors, and oversight bodies. For instance, real-time data can elucidate the evolving leverage dynamics within the crypto realm, offering a vital instrument for regulatory oversight.

In the aftermath of the Depression-era market upheaval, a wave of regulatory reforms swept across global financial hubs. Notably, the U.S. instituted pivotal legislation like the Securities Act of 1933 and the Securities Exchange Act of 1934, concurrently establishing the Securities and Exchange Commission (SEC) to safeguard financial integrity.

Amidst this regulatory backdrop, Benjamin Graham penned his seminal work, “Security Analysis,” elucidating the principles of fundamental analysis and the concept of intrinsic value.

The transformative potential of Graham‘s principles was later exemplified by Warren Buffet in the ensuing decades, notably during his stewardship of Berkshire Hathaway. As the appeal of value investing burgeoned throughout the latter half of the 20th century, financial discourse gravitated towards established metrics: from price to earnings, price to book, and dividend yield to debt to equity, free cash flow, return on equity, and net margins.

Concurrently, the investment lexicon expanded to incorporate nuanced concepts like “economic moats” and “durable competitive advantages,” underscoring the enduring merits of certain enterprises.

Central to this evolution was the ascendancy of reliable data. Absent accurate data, markets risked being swayed by unfounded speculation, prevailing narratives, or mere brand perception.

Transitioning to the realm of cryptocurrencies, it’s evident that the nascent market has predominantly pivoted on speculative sentiment and prevailing narratives. However, the winds of change are palpable. As crypto matures, so do its foundational fundamentals, heralding a new era where data-driven insights complement traditional market dynamics.

Digital Financial Statements

Platforms such as Token Terminal have ushered in a new era for crypto, offering financial insights akin to traditional statements. However, distinctively, this data is dynamically updated in near real-time, sourced from immutable public blockchains.

Displayed below are the financial metrics for Lido, Ethereum’s premier liquid staking solution, spanning recent years:

Beyond Hype: Crypto's Evolution from Speculation to Fundamental Growth

We can carry out a relative analysis.

We have the capability to make comparative assessments spanning various projects, sectors, and blockchains. Presented below are the leading Ethereum Layer 2 solutions, categorized by fees, revenue, operational costs, cost of revenue, token incentives, and net earnings.

Understanding the Relationship Between Innovation and Speculation

Throughout history, speculation has been the catalyst for groundbreaking innovations, from the steel and electricity eras to automobiles and telecommunications. This speculative drive paves the way for capital to discover its optimal use, leading to sustainable business models, established infrastructure, and regulatory frameworks. Today’s emergence of blockchain technology and Web3 exemplifies this trend, embedding a novel data layer into the internet with shared accounting ledgers and digital property rights. As foundational structures solidify and technology scales, we witness the genesis of new investment fundamentals, analytical tools, and innovative financial products.

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