#Join Year-end Community Gala & Win Mega Prizes #参与年终社区盛典助力，赢周边海量好礼 BTC (BTC) bids farewell to $100,000, DOGE (SHIB) approaches the final support, Ripple (XRP) stronger...

After failing to break the $100,000 psychological barrier, investors are starting to ponder whether this is a short-term correction or a more fundamental change in the market. Currently, BTC is trading at around $95,933, down 1.04% from the previous day. After experiencing a strong rebound that almost reached its all-time high, a wave of adjustment has occurred.
Clearly broke through the upward trend line established at the end of 2024 recovery. Buyers seem to have lost momentum, indicating a loss of strength. Significant liquidation in the futures market has also led to a significant increase in selling pressure. Given the current market fragility, these liquidations are likely to accelerate the decline.
Many analysts believe that this decline is a normal correction, and despite the pullback, BTC is still in a long-term upward structure. The levels of $92,500 and $87,500 are important support levels that need to be closely watched as they could be points for buyers to re-enter. On the other hand, $100,000 could be a significant resistance that needs to be overcome with strong market sentiment.
The largest cryptocurrency market also faces challenges, and overall economic uncertainty is one of them. However, looking at the solid foundation of BTC - including increasing institutional interest and adoption - if the entire market stabilizes in the coming months, it may once again test the $100,000 mark.
The main concern at present is whether BTC can maintain its current support level and avoid larger corrections. Traders should be cautious due to ongoing liquidation and increased volatility. In such market conditions, patience and cautious risk management are crucial, as always.
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The 200-day moving average is about to approach, which is the last important support level before the market may experience a deeper pullback. Shiba Inu is currently trading around $0.00002171, down sharply by 9.6% yesterday. For the price trend of SHIB, this level represents a crucial turning point. A rapid decline to $0.00002000, the psychological support level, may attract buyers, leading to a loss of the historically strong support of the 200-day moving average.
Then, 0.00001750 dollars will become the next important support area. If these two levels cannot be maintained, SHIB may enter uncharted territory and lose most of its recent gains. 0.00002350 dollars is still the first resistance level that SHIB must overcome in order to have any chance of recovery.
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It is possible that the attack will focus on this key level of $0.00002500, which is a crucial level for reversing market sentiment. It appears that profit-taking from a large number of holders and overall market correction have been the main reasons for the recent selling pressure. Despite the price decline, SHIB's speculative appeal and community-driven features may once again attract buyers if they see the drop as an opportunity.
Maintaining the ability of SHIB to keep the 200-day moving average in the future is crucial. A rebound from this level may stimulate a short-term recovery to $0.00002350. However, if this support cannot be maintained, there may be a longer-term downward trend, with $0.00001750 as the next safety net. Traders should closely monitor future trading sessions, as the next direction of the symbol is likely to be determined by the way it moves around these key levels. Given the ongoing market volatility, caution is advised.
XRP gains momentum
Contrary to the general decline in mainstream digital assets, XRP has performed well and has become one of the best performers in the cryptocurrency market. XRP grew by 1.49% yesterday, with a trading price of $2.32, while BTC, Ethereum, and other cryptocurrencies faced significant declines. Its performance is even more impressive in the challenging market environment.
In the past week, the value of BTC has dropped by 5.4%, breaking the key mark of $100,000. Ethereum is currently trading at $3,365, also with a weekly decline of 8.42%. Solana has also been severely affected, falling by 8.92% in the same period. Against this backdrop, the relative strength of XRP highlights its ability to remain stable or even rise.
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Forming a technical triangle pattern, XRP is facing resistance at $2.50 and strong support at $2.10. A breakthrough of $2.50 may push XRP towards the $3.00 level, which is an important technical and psychological barrier. If the support at $2.10 is lost, it may retreat to $1.90, where the 100-day moving average provides further support.
A large number of liquidations have led to overall market weakness, but XRP seems to have performed better than most cryptocurrencies during these turbulent times. Recent performance indicates that it has increased investor confidence, which may be driven by its unique market dynamics and expectations for its future.
In the future, the energy of XRP will depend on whether it can maintain momentum, surpass the resistance of $2.50, and track the market's development. In a market with an overall downward trend, its current strong performance indicates that there may be more in the future if overall conditions improve.