Bitcoin is stagnant with low trading volume, XRP holds above support, Dogecoin faces downward pressure.
From Investing.com
December 30, 2024 12:00:18 AM:
Bitcoin remains stagnant, lacking significant movement and trading volume. Traders are hesitant due to uncertainty, with no clear direction for the cryptocurrency. Market activity typically slows down at the end of December and early January, leading to a lack of price fluctuations. Changes may come with increased trading post-holidays.
XRP shows resilience by holding above the crucial 26 EMA support level, but lacks strong bullish momentum. The 50 EMA will be a critical turning point for XRP’s price performance. A possible reversal may occur if the 50 EMA aligns with the current price, providing technical support for an upward trend.
Dogecoin faces pressure as the bearish crossover of the 50 EMA and 26 EMA raises concerns about a downtrend. Sellers have momentum, but a positive market sentiment could reverse the trend. DOGE needs buying support to avoid further declines and break through resistance levels for a price increase.
Read more at Investing.com: Here’s Why, XRP Shows Surprising Results, Dogecoin (DOGE) Between Two Flames By U.Today
