
Price Analysis for December 18th: A Comprehensive Look at BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, LINK, and SHIB.
The text is a technical analysis of the cryptocurrency market, specifically covering 10 different cryptocurrencies: Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Shiba Inu (SHIB), and five others (Avalanche was added to the original list). Each section provides an overview of the current market situation for each cryptocurrency, including price movements, support and resistance levels, and potential future trends.
Here are some key points from the analysis:
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Dogecoin (DOGE): The DOGE/USDT pair is in a downward trend, with sellers pushing the price toward the 50-day SMA ($0.35). If the price turns down from the 20-day EMA ($0.40), it may signal that bears are selling on rallies.
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Cardano (ADA): ADA has slipped below the 20-day EMA ($1.05) and is expected to experience range-bound action in the near term, with sellers aiming for $0.90 as a strong support level.
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Avalanche (AVAX): AVAX has broken below the 20-day EMA ($47.71), indicating a lack of demand from bulls. The pair may drop to the 50-day SMA ($39.52) if it sustains below the 20-day EMA.
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Chainlink (LINK): LINK is correcting in an uptrend and showing signs of weakening bullish momentum, with sellers aiming for $27.41 as a crucial level to break. If the price turns up and stays above $27.41, it will signal solid buying on dips.
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Shiba Inu (SHIB): SHIB has failed to push back above the 20-day EMA ($0.000027), attracting selling from bears. The price is now moving toward the 50-day SMA ($0.000025), which may attract buyers at lower levels if it rebounds with force.
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Dogecoin (DOGE): DOGE has broken below the 50-day SMA ($0.35) and could drop to $0.30 if bears manage to break through this level. However, bulls can prevent this downside by pushing and maintaining the price above $0.43.
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Cardano (ADA): ADA is in a strong downtrend, with sellers aiming for $0.90 as a support level. If buyers push and maintain the price above $1.20, it could open the door for recovery to $1.24 or even $1.33.
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Avalanche (AVAX): AVAX has broken below the 50-day SMA ($39.52), indicating strong bearish momentum. However, if bulls manage to push and maintain the price above $51, it could signal buying at lower levels and potentially drive the price toward $65.
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Chainlink (LINK): LINK is in a downtrend and showing signs of weakening bullish momentum. If sellers manage to break through $27.41, the pair may slump to the breakout level of $23. However, if bulls push and maintain the price above $31, it could signal solid buying on dips.
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Shiba Inu (SHIB): SHIB has broken below the 50-day SMA ($0.000025) and is expected to continue its downward trend. If bears manage to break through this level, the pair may descend to $0.000022 or even $0.000020.
In conclusion, each cryptocurrency analysis provides a snapshot of the current market situation, highlighting potential support and resistance levels, and offering insights into future trends.