Price analysis 12/11: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, TON, SHIB
On December 10, Bitcoin found support near $94,000, leading to a recovery that saw it rally on December 11 following November’s inflation report. Experts predict a bullish trend as the likelihood of a 25-basis point rate cut by the Federal Reserve increases. Bitcoin's rally could face strong selling pressure near the all-time high of $104,088, and its price may remain volatile, risking liquidations of leveraged positions. Meanwhile, Ethereum is showing strength near $4,000, with expectations for a possible upward breakout. XRP is currently correcting with support at $1.90 and could venture up to $2.65 if bullish momentum persists. Solana and BNB are navigating corrections within defined patterns. Dogecoin aims to reclaim the channel support, while Cardano needs to break above $1.16 for a bullish outlook. Avalanche is rebounding above its 20-day EMA, indicating potential upward movement. Toncoin and Shiba Inu are also battling resistances at their respective key levels. Overall, while some cryptocurrencies are stabilizing after recent drops, they face resistance challenges ahead.
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