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German Government Sells 700 BTC, Stopping Bitcoin’s Rebound
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SUI Surges to New All-Time High Amid Record $1.84 Billion TVL
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Dogecoin (DOGE) Escalates Momentum as Lightchain AI Crafts Real Disruption
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3 Cryptocurrencies That Reached All-Time Highs Today — December 12 SUI surged 29%, hitting a new all-time high of $4.91, supported by strong investor interest; $4.37 is a crucial support level. MANTRA (OM) reached a new ATH of $4.63 before pulling back, with future price action dependent on market sentiment and support at $3.47. Bitget Token (BGB) continued its streak of new ATHs, hitting $3.38, but could face a pullback if market sentiment shifts; $2.49 is key support. With Bitcoin reclaiming the $100,000 price as support, the crypto market seemed primed to continue its uptrend. As a result, many altcoins followed Bitcoin’s lead, with some even noting new highs. BeInCrypto has analyzed three such crypto tokens that have recorded new all-time highs over the last 24 hours. Sui (SUI):SUI price has surged by 29% over the last 24 hours, reaching $4.80. The altcoin recently hit a new all-time high (ATH) of $4.91 during today’s intra-day session. SUI has established solid support at $4.37, which should help the altcoin retain its value even if a correction occurs. Holding above this support would allow SUI to regroup and potentially form new ATHs. If SUI fails to maintain the $4.37 support, a price drop to $3.94 becomes likely. A break below this level could signal a deeper correction, and further declines would push SUI closer to the $3.20 mark. MANTRA (OM):OM price has been stuck in a sideways trend for more than three weeks, following a massive 64% price surge in a single day. The altcoin’s price action has lacked clear direction, as traders appear cautious amid the broader market uncertainty. A break from this consolidation is expected soon. Over the last 24 hours, the crypto token formed a new all-time high (ATH) at $4.63 before pulling back to $4.18. This recent fluctuation signals a shift in momentum, though the pullback suggests that some profit-taking is occurring. #Altcoins #cryptocurrency #Bitcoin #cryptomarket #CryptoNews
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3 Cryptocurrencies That Reached All-Time Highs Today — December 12
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Dogecoin rally to $0.50 imminent after DOGE’s ‘overbought’ conditions cool down Dogecoin’s next possible stop is $0.50 and above. Especially if a historical price fractal fails to play out. After a 208% breakout in early November, Dogecoin DOGE $0.3981 has consolidated within a tight range between $0.35 and $0.48 for four weeks. DOGE’s recent price correction led to a breakout below an ascending trendline, indicating a potential bearish trend shift. However, one analyst pointed out that Dogecoin could be on the brink of another uptrend based on a key technical indicator and repetitive setup from March 2024. Dogecoin uptrend could happen “any time” Despite a 16% decline this week, Trader Tardigrade, a crypto pattern analyst, pointed out that Dogecoin’s strong overbought signal of the daily RSI has been reset. An overbought condition on the relative strength index (RSI) indicates the possibility of traders selling the crypto asset, which can cause a short-term decline in value. Previously, when the RSI’s overbought condition “eased back” to 50 in March 2024, a strong uptrend was observed on its daily chart. Based on the chart, the analyst hinted that a breakout above $0.50 over the next few days could happen “at any time.” Data from Santiment, a data analytics platform, also mentioned that DOGE’s “mean dollar invested age” is flashing a bullish signal. The mean age of investment is down 31% in eight weeks for the crypto asset, indicating that dormant coins are returning to circulation. With respect to bullish momentum, the platform mentioned in an X post, “The 2017 and 2021 bull markets similarly did not come to a halt until assets' mean ages started going "up" (getting older) again.” DOGE could see a liquidity swipe between $0.32 to $0.34 While the long-term trend remains bullish, Dogecoin can drop to collect liquidity between $0.32 and $0.34 before exhibiting a higher high value. #DOGE #memecoin #cryptomarket #CryptoNews
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