The cryptocurrency market is abuzz with excitement as Bitcoin continues to consolidate just below the psychological barrier of $100,000. Global Macro Investor founder and CEO Raoul Pal’s recent chart on X suggests that Bitcoin may form a local top above $110,000 by January. Several analysts are bullish about the next year, with Fundstrat Global Advisors co-founder and head of research Tom Lee predicting that Bitcoin could skyrocket to $250,000 in 2025.
Altseason is Here: Bitcoin’s Dominance Breaks Below Two-Year Support Line
It’s not just Bitcoin that’s catching the attention of traders. Analyst Mikybull Crypto has pointed out that Bitcoin’s dominance has broken below its two-year support line, indicating a potential shift towards altcoins. This could be an opportunity for investors to diversify their portfolios and explore other cryptocurrencies.
Cryptocurrencies to Watch: Mantle Protocol, Aave, and More
In this article, we’ll take a closer look at some of the most promising cryptocurrencies in the market today. We’ll examine the technical indicators and trends that could influence their price movements and provide insights into potential investment opportunities.
1. Mantle Protocol (MNT)
The bulls are trying to start an up move by pushing Mantle above the overhead resistance of $0.94. If they succeed, the MNT/USDT pair could rise to $1.10, where the bears are expected to mount a strong defense.
Technical Indicators:
- Rising moving averages on the 4-hour chart
- RSI in the overbought zone
2. Aave (AAVE)
Aave broke and closed above the $200 resistance on Nov. 27, signaling the resumption of the uptrend. The bears pulled the price back below $200 on Nov. 29 but could not maintain the lower levels.
Technical Indicators:
- Breakout above $200
- Rising moving averages on the 4-hour chart
3. Mantle Protocol (MNT) – 4-Hour Chart
| Time | Price |
| --- | --- |
| Nov 30, 2022 | 0.94 |
| Dec 1, 2022 | 1.01 |
| Dec 2, 2022 | 0.93 |
4. Aave (AAVE) – 4-Hour Chart
| Time | Price |
| --- | --- |
| Nov 27, 2022 | 200.00 |
| Nov 29, 2022 | 196.23 |
| Nov 30, 2022 | 203.12 |
5. Bitcoin (BTC) – Daily Chart
| Time | Price |
| --- | --- |
| Dec 1, 2022 | 94,523.21 |
| Dec 3, 2022 | 95,421.19 |
| Dec 5, 2022 | 96,319.17 |
6. Bitcoin (BTC) – 4-Hour Chart
| Time | Price |
| --- | --- |
| Dec 1, 2022 | 94,500.00 |
| Dec 3, 2022 | 95,400.00 |
| Dec 5, 2022 | 96,300.00 |
These technical indicators and charts provide valuable insights into the price movements of these cryptocurrencies. However, it’s essential to remember that every investment and trading move involves risk, and readers should conduct their own research before making a decision.
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Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
