December 18 price analysis of major cryptocurrencies including Bitcoin, Ethereum, Ripple, Solana, Binance Coin, Dogecoin, Cardano, Avalanche, Chainlink, and Shiba Inu.
The article is an analysis of the current market situation for various cryptocurrencies, including Bitcoin (not mentioned in this text), Dogecoin, Shiba Inu, Cardano, Avalanche, Chainlink, and others.
Here are some key takeaways from the article:
- Market Trends: The cryptocurrency market is currently experiencing a decline, with many coins facing a downtrend.
- Support Levels: The article highlights critical support levels for each coin, which could potentially be broken if the price continues to drop.
- Resistance Levels: On the other hand, it also mentions resistance levels that need to be overcome by the bulls for a potential upward movement.
- Short-term and Long-term Outlook: The author provides insights into both short-term (short-term buyers booking profits) and long-term trends (bulls trying to push prices above specific levels).
Some key observations from the article:
- Chainlink’s RSI shows negative divergence, suggesting weakening bullish momentum.
- Shiba Inu has broken below its 50-day SMA, which could lead to a further decline.
- Cardano’s price action suggests a possible range-bound movement in the near term.
The author emphasizes that every investment and trading move involves risk, and readers should conduct their own research before making decisions.
