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Bitcoin Price Takes a Breather: Gains Reduced Amid Volatility

Bitcoin price failed to stay above the $100,000 zone. BTC is correcting gains and might struggle to stay above the $96,000 support zone. Bitcoin started a fresh decline from the $102,500 resistance zone. The price is trading below $100,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $98,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,500 support zone. Bitcoin Price Dips Below $100K Bitcoin price started a decent upward move above the $98,500 resistance zone. BTC was able to climb above the $99,200 and $100,00 resistance levels. However, it failed to clear the $102,500 resistance zone . A high was formed at $102,759 and the price started a fresh decline. There was a clear move below the $100,000 support zone. Besides, there was a break below a connecting bullish trend line with support at $98,500 on the hourly chart of the BTC/USD pair. The pair even traded below $96,500. A low was formed at $96,100 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $102,759 swing high to the $96,100 low. Bitcoin price is now trading below $98,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $97,500 level. The first key resistance is near the $98,500 level. A clear move above the $98,500 resistance might send the price higher. The next key resistance could be $99,500 or the 50% Fib retracement level of the recent decline from the $102,759 swing high to the $96,100 low. A close above the $99,500 resistance might send the price further higher. In the stated case, the price could rise and test the $102,500 resistance level. Any more gains might send the price toward the $104,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $97,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $96,500 level. The first major support is near the $96,100 level. The next support is now near the $95,550 zone. Any more losses might send the price toward the $93,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $96,500, followed by $95,500. Major Resistance Levels – $97,500 and $98,500. The Daily Hodl

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BlockDAG’s Strategic Moves Revealed in AMA Spark Traders’ Interest – Insights on Hedera Coin & Toncoin Prices

As the cryptocurrency market evolves, enthusiasts are keeping a close watch on projects that showcase innovation and promise. It’s crucial to stay updated on the latest from top trending cryptos—Toncoin, Hedera, and BlockDAG. Recently, Hedera hit a high near $0.40 but is now adjusting, while Toncoin has slipped below its usual range after peaking at $7.20, with projections pointing towards $6.20. Meanwhile, BlockDAG (BDAG) has been making waves with its bold initiatives, revealed during a captivating AMA session. This session introduced a slew of exciting new developments including an incubator, a grants program, and a launchpad, marking it a key player in the blockchain field. Delve into these updates to get a handle on what’s heating up in this competitive space. Toncoin Price Insights: Potential Dips Could Set the Stage for Gains Toncoin has been on a wild ride, dipping below its average after hitting $7.20, suggesting some bearish trends ahead. The price fell to $4.78 but rebounded slightly above $5.00, still under the moving averages. Should Toncoin surge past these averages, we might see a resurgence. Conversely, if it dips below the 50-day SMA, the price could plummet to as low as $3.65. Currently, Toncoin is priced around $5.64. On the 4-hour chart, Toncoin is pushing past average levels, aiming for $6.20. On the daily chart, maintaining positions above these averages and breaking through the $6.50 resistance could signal a bullish revival. Hedera Price Momentum: Soaring Past $0.40 Hedera’s price dynamics are heating up, recently breaking out from a descending triangle pattern after touching near $0.40, suggesting the start of an upward trend, awaiting further validation. Just a few days back, Hedera rallied from its base, breaking through significant resistance. The daily chart now hints at an upcoming fifth wave in the Elliott Wave sequence, with Fibonacci tools spotlighting critical support and resistance areas. After a robust rebound from the 0.382 Fibonacci level at $0.24, the price surged 39% to $0.34 on December 24. With the RSI climbing from high levels, the growing momentum could lead to critical movements in the near future, keeping all eyes on Fibonacci barriers. BlockDAG’s Latest AMA Reveal BlockDAG, a rising layer-1 blockchain project, is now among the top trending cryptos, following its recent AMA that unveiled new initiatives to boost its ecosystem and expand growth opportunities. These developments echo the formative stages of well-known networks like Ethereum and Solana. The team is eagerly developing a new launchpad to support the roll-out of decentralized applications and projects on the BlockDAG network, poised to enhance participation and energize the ecosystem. BlockDAG is gearing up to host four significant hackathons in 2025, expecting to attract over 15,000 developers and catalyze hundreds of new projects. To bolster these efforts, they are introducing a $10 million grants program in February, awarding amounts between $5,000 and $100,000 in USDT and BDAG coins to teams that qualify. Moreover, an ambassador program is being set up to integrate global representatives, and a collaboration with an incubator will provide essential mentorship, resources, and guidance to promising projects, ensuring they thrive on the BlockDAG network. BlockDAG continues to impress with its significant milestones. Its ongoing crypto presale has successfully raised over $176 million and distributed more than 17.7 billion coins. With the BDAG coin currently priced at $0.0248 in the 27th presale batch, early participants have seen an astonishing 2380% ROI. These achievements underscore BlockDAG’s commitment to fostering a vibrant ecosystem and its readiness to be a leading choice for participants as we approach 2025. Final Say Toncoin price and Hedera coin price continue to hold strong in the list of top trending cryptos, with Hedera recently exceeding $0.40 and Toncoin maintaining around $5.64. However, it’s BlockDAG’s targeted initiatives, including a robust $10 million grants program, a worldwide incubator, and a dedicated launchpad for new projects, that are raising its profile. The initiative’s crypto presale has not only raised $176 million but also achieved a phenomenal 2380% ROI from the first batch, showcasing BlockDAG’s dynamic approach to growth. This strategy sets BlockDAG apart as a standout opportunity for those aiming to engage with a project that combines consistent expansion with significant community involvement. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu The post BlockDAG’s Strategic Moves Revealed in AMA Spark Traders’ Interest – Insights on Hedera Coin & Toncoin Prices appeared first on TheCoinrise.com . The Daily Hodl