Cryptocurrency prices down, Bitcoin, Ethereum, and Dogecoin all experiencing declines.

From Investing.com

December 18, 2024 10:30:18 PM:

Bitcoin’s New Year rally has slowed down, with the price currently at $104,899, a 1.21% decrease from its recent high of $106,214. The trend is still bullish, but signs of fatigue are starting to show as Bitcoin hovers close to its rising trendline. Support levels remain intact, with $98,400 and $97,500 acting as potential safety nets.

Ethereum is showing weakness after failing to sustain momentum near $4,100, currently trading at $3,867 with a 0.69% decline. Concerns arise about a potential bearish trend as Ethereum struggles to hold above its 20-day EMA at $3,707. A drop below this level could signal a shift in market sentiment, pushing ETH towards $3,000.

Dogecoin is facing a decline, trading at $0.386 with a 2.04% drop. The breakdown of the ascending channel used as key support has turned $0.45 into a strong resistance level. DOGE may test the 50-day EMA at $0.35 soon, with the $0.28 mark as the next crucial support. Decreasing volume and weakening buying pressure indicate potential further declines.

Read more at Investing.com: Down Even More By U.Today