8 hours ago
This week has been painful period for many DOT holders as it witnessed another dramatic fall to a three-week low yesterday. It has recovered briefly but still looks weak daily as it brews for a bigger sell-off. Altcoins are seriously falling out again as the primary cryptocurrency short-lived its recovery this week, making another sharp downturn to form a bearish (double-top) pattern on the daily chart. DOT reacted negatively to the move and the price nosedived on Tuesday to a low of $6.4 yesterday. It has recovered briefly from that low and now trades at round $6.6, gathering momentum for another leg down. No doubt that the bears have now regained dominance, but it is noteworthy to say there is still hope for a rebound as the bull cycle is not over yet sentimentally. Aside from that, their footprints are still evident in the market from a technical standpoint. Psychologically, the dump looks much more like a market manipulation, which is providing more discount for buying in the near term. If supply level increases, things may get uglier in the next few days while the bears claim more lows. The main target level for such a sell is $4, where it started to surge last November. A further drop below this level will put the market in a more bearish condition. Traders and investors are currently pessimistic of current move as it maintained a lower low and lower high pattern. DOT’s Key Levels To Watch Source: Tradingview Advancing bearishness in the next few days, DOT may reclaim the last month’s $6 support level with a potential break down to $5.55 and $4.7 in the future. A reestablished support above that last month’s support could bring a recovery in the market. But for now, the immediate resistance level is located at $8, followed by $9.67 and $11.65 in case of a major buyback. Key Resistance Levels: $8, $9.67, $11.65 Key Support Levels: $6, $5.55, $4.7 Spot Price: $6.66 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: skorzewiak / 123RF // Image Effects by Colorcinch
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Get 6% on Every Purchase with BlockDAG’s Affiliate Program! SUI ATH & ETC Poised for Growth
As we step into 2025, the cryptocurrency landscape is teeming with potential. Key highlights include the anticipated rise in Ethereum Classic (ETC) price to $49.07 and SUI nearing a peak at $5.35, coupled with robust investor interest. Amid these developments, BlockDAG (BDAG) , a notable layer-1 blockchain entity, rolls out its referral program, offering up to 10% in USDT rewards, significantly fueling the demand for its tokens. Here’s an analysis of these pivotal market elements to gauge the top crypto gem for 2025. Ethereum Classic Price Prediction: Targeting $49 in 2025! Forecasting a significant upturn, Ethereum Classic (ETC) is predicted to escalate to a peak of $49.07 by 2025. Investors need a thorough technical analysis to navigate this potential. Currently, ETC is trading at $25.28, with market reactions mixed and a transaction volume of $326.06 million in the last 24 hours. Analysis of the weekly trends shows a bullish reversal, hinting at lucrative opportunities ahead. The coin might retest its highest resistance at $167, potentially triggering a bullish trend. Predictions suggest ETC’s price could oscillate between $22.38 and $49.07, averaging around $44.74. Will SUI Achieve a New ATH as TVL Soars? The SUI token recently marked a new all-time high (ATH) of $5.35, propelled by an upsurge across the market. Despite a significant rally of 10.39% and reaching new highs, SUI has since corrected to $4.59. Closing 2024 with a robust increase in Total Value Locked (TVL) from $1.75 billion to more than $2.6 billion in early 2025, SUI continues to draw attention. Initiatives like DeepBook V3 and Sui Bridge, along with institutional backing, have spurred this growth. The continued DeFi boom and SUI’s ATH underscore its strong market stance. BlockDAG’s Innovative Affiliate Program: Turn $30 into Significant Gains! BlockDAG’s latest initiative offers a compelling referral program that rewards users with up to 10% cashback in USDT for purchases made through shared referral links. This rate increases with subsequent purchases within a 24-hour period, solidifying at 10% by the fifth transaction. Each purchase through a user’s link consistently brings 6% cashback, fostering a mutually beneficial environment within the community. This program is designed for broad participation, with a minimal purchase requirement of $30, allowing widespread entry and benefit from the BlockDAG ecosystem. Its simplicity and attractive rewards make this program a key growth driver for BlockDAG, positioning it as a top contender for 2025’s best cryptocurrency. As of January 2025, BlockDAG’s presale has amassed over $180 million, selling more than 17.8 billion coins at $0.0248 each in its 27th batch, marking a substantial 2380% ROI since the first batch priced at $0.001. BlockDAG’s affiliate program not only offers simple, significant earning opportunities but also plays a crucial role in the platform’s expansion and prominence in the cryptocurrency world. Anticipating the Top Crypto Gems for 2025 With a landscape ripe with opportunities, Ethereum Classic, SUI, and BlockDAG stand out in the 2025 crypto market. Ethereum Classic’s projection of reaching $49.07 is backed by positive market trends, while SUI’s recent ATH at $5.35 highlights its increasing influence in DeFi. BlockDAG capitalizes on these trends with its user-centric referral program, promising significant USDT rewards and a notable return for its early adopters. Together, these dynamics position BlockDAG as one of the top crypto gems for 2025. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post Get 6% on Every Purchase with BlockDAG’s Affiliate Program! SUI ATH & ETC Poised for Growth appeared first on TheCoinrise.com . NullTx
Bitcoin’s Rangebound Trading May Influence Breakout Potential for XRP, HBAR, BGB, and XMR
Recent price movements in Bitcoin have significant implications for altcoins like XRP, HBAR, BGB, and XMR as market dynamics continuously shift. With Bitcoin’s price hovering near $95,000, analysts are closely NullTx
