SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX

Bitcoin (BTC) is struggling to bounce back after falling around 9% last week. This suggests that Bulls play safely and do not hurry to buy the hollows. An exception is a microstrategy, which added 5,262 bitcoin between December 16 and 22 at an average price of around $ 106,662.

Although Bitcoin has abandoned the field of its $ 108,353 summit, a positive minor is that the Bears have not been able to draw the price below the solid support at $ 90,000. This suggests that Bulls do not rush to leave their long positions.

However, some analysts believe that a correction can be at the corner of the street. The merchant and popular analyst Rekt Capital said in an article on X that Bitcoin had broken below weekly support, increasing the probability of entering “in a correction of several weeks”.

The purchase at lower levels and the sale of rallies indicate a possible action linked to the beach in the short term. Altcoins will also enter a period of consolidation? Let’s analyze the graphics to discover it.

Price analysis of the S&P 500 index

The S&P 500 index (SPX) broke under the support line of the corner pattern mounted on December 18, signaling the start of a correction.

However, buyers did not give up and aggressively defended the level of 5,853 on December 20. Bulls will try to push the price in the area, but are likely to deal with strong resistance to the support line. If the price drop in the support line and decomposes below 5,853, the index can dive at 5,670.

On the contrary, if buyers refer the price in the area, it will point out that ventilation can be a bear trap. The index can then get rid of a new record of all time and reach 6,221.

Price analysis of the US dollar index

The US dollar index (DXY) has skyrocketed and closed above the crucial resistance of the general costs of 108 on December 18, but the Bulls could not support the rupture.

The sellers withdrew the price below 108 on December 20, but find it difficult to reduce the price. The Bulls have pushed the price above 108. If level 108.55 is removed, the index can take momentum and rally at 111.

Alternatively, if the price drops by 108.55 and is broken down below 107.58, it will signal the start of a decline in the exponential mobile average of 20 days (106.95). This is a critical level to defend the bulls because a break below can flow the index at 105.42.

Bitcoin price analysis

Bitcoin fell to the simple 50 -day mobile average ($ 93,383) on December 23, indicating that bears maintain the pressure.

The 20 -day EMA ($ 98,206) is gradually sloping and the relative resistance index (RSI) fell below 42, which indicates that bears have a light edge. If the 50 -day SMA cracks, the BTC / USDT pair can dive at $ 90,000 and later at $ 85,000. Buyers should defend this level with vigor.

Uplining, a break and a closure above the 20-day EMA will be the first sign of force. This opens the doors to a summit of all time at $ 108,353.

Ether price analysis

Ether (ETH) closed below the 50 -day SMA ($ 3,432) on December 21, signaling an advantage for sellers.

The Bulls are trying to start a recovery, which should face the 20 -day EMA sale ($ 3,594). If the price drops sharply from the 20 -day EMA, the Bears will try to flow the ETH / USDT pair at $ 3,000. Buyers should fiercely defend the area from $ 3,000 to $ 2,850.

Uplining, a break and a closure above the 20-day EMA will suggest that the sellers lose their grip. The pair will then try to increase resistance to general costs to $ 4,094.

XRP price analysis

XRP (XRP) attends a difficult battle between the Bulls and the 20 -day EMA Bears ($ 2.22). The 20 -day EMA flattening and the RSI near the median point suggest a balance between supply and demand.

The action of the prices of the last days has formed a model of symmetrical triangle, which generally acts as a model of continuation but, on certain occasions, behaves as an inversion model. If the price increases and exceeds the triangle, the possibility of a break greater than $ 2.91 increases.

Conversely, a break and a closure below the triangle will suggest that the XRP / USDT pair may have exceeded the short term. The pair can dive in SMA of 50 days ($ 1.66).

Solana price analysis

The Bulls try to stop the removal of Solana (ground) on the ascending trend line, indicating demand at lower levels.

The 20 -day EMA broken down ($ 209) and the RSI near the territory of occurrence indicate an advantage to the Bears. Any recovery attempt is expected to face the 20 -day EMA sale. If the price drops of 20 days EMA, the possibility of a break below the increased trend line increases. The floor / USDT pair can drop to $ 155 and then $ 133.

If buyers want to prevent the disadvantage, they will have to push and maintain the price above medium-sized medium-sized.

BNB price analysis

The BNB (BNB) broke below the 50 -day SMA ($ 658) on December 22, but the Bears could not pierce the price below the support of $ 635.

The Bulls are trying to start a rescue gathering, which should hit a 20 -day EMA wall ($ 685). If the price decreases compared to the 20 -day EMA, the Bears will try to pull the BNB / USDT pair under the ascending trend line. If they succeed, the pair can drop to $ 550.

Instead, if the price exceeds 20 days EMA, it suggests that the pair can remain limited between $ 635 and $ 722 for a few days. A break and close above $ 722 will put the bulls on order.

In relation: Here is what happened in the crypto today

Dogecoin price analysis

Dogecoin (Doge) tried to start recovery on December 21, but the Bears successfully defended the mobile averages.

The lowering crossing on the mobile averages and the RSI on the negative territory indicate that the path of the slightest resistance is down. The DOGE / USDT pair can slide to the FIBONACCI retracement level of 61.8% from $ 0.27 and later to $ 0.23.

This negative view will be invalidated in the short term if the bulls push and maintain the price above the EMA 20 days ($ 0.36). The pair can increase to $ 0.43, which is likely to act as rigid resistance.

Cardano price analysis

Cardano (ADA) completed a downward head and shoulder motif when the price broke below the neck on December 19.

The Bulls tried to start recovery but encountered strong resistance to EMA of 20 days ($ 0.99) on December 21. The Bears are trying to maintain the ADA / USDT pair below the 50 -day SMA ($ 0.88), opening the doors for a possible drop to $ 0.70.

Unlike this hypothesis, if the price is revealed from the current level and exceeds EMA of 20 days, it will signal purchases at lower levels. This can trap several aggressive bears, pushing the pair to $ 1.18.

Avalanche price analysis

Avalanche (AVAX) closed below the 50 -day SMA ($ 40.75) on December 19, and the Bears succeeded in Bulls attempts to recover the level on December 21.

The 20 -day EMA broken down ($ 43.52) and the RSI in the negative area indicate that the bears are in control. If the sellers flow the price of less than $ 33.60, the AVAX / USDT pair could drop to $ 30.50.

If buyers want to return, they will have to push and keep the price above the 20-day EMA. This erases the path for a possible rally of the resistance area to general costs from $ 51 to $ 56.