From Investing.com

December 13, 2024 12:00:21 am:

Bitcoin has hit close to $100,000, a crucial turning point for the market with concerns about sustainability. Volume analysis shows buying momentum is waning, and RSI in the overbought zone raises concerns of a possible retracement. Long-term foundations remain strong with institutional interest and growing adoption.

Dogecoin’s short-term prospects appear bleak as it broke below the ascending channel, risking further losses and difficulty recovering. Volume indicators show waning investor zeal, and standing near the 50 EMA raises concerns of a deeper correction if support is not maintained.

Cardano shows signs of strength and recovery, setting up for a possible dominant phase. Holding above the 26 EMA and key support levels, ADA has crossed the $1.00 threshold, indicating bullish momentum. Technical performance aligns with fundamentals, with $1.30-$1.35 as crucial resistance levels. Market sentiment will determine ADA’s momentum.

Read more at Investing.com: What’s Next? Dogecoin (DOGE) Failed Miserably, Cardano (ADA) Ready to Dominate? By U.Today