The crypto market remains steadfast at $1.27 trillion over the last day and has only taken a minor 0.21% dip.
The market also shows that the bulls are still In control, but barely.
Liquidation data from Coinglass also shows as much market losses as the previous day, with $98 million in total liquidation.
This time, the bulls took the bigger hit with a $68 million loss, leaving the bears to manage a $30.6 million loss. However, the market's fear and greed index holds steady at a greed figure of around 72.
Bitcoin Breaks Above $34,150 With A Monthly Candle
In terms of positive news, Bitcoin has managed to close off November’s candlestick with a break above $24,150.
This is a positive development. The Bitcoin bulls now have enough incentive and a clear break above a major resistance line as a morale boost.
However, on the daily chart, Bitcoin continues to suffer from a volatility crisis and still shows signs of low price movement.
In all, today’s candlestick close will determine whether or not the bulls got the memo for a price explosion.
Does Ethereum Have A Chance At Breaking Above $1,800?
Ethereum has been struggling with $1,800 zone, long before Bitcoin ever started its romance with $34,200.
Just like Bitcoin, Ethereum also managed to close with a monthly candlestick above $1,800 but is showing little signs of volatility from here.
In all, Ethereum remains stuck under its medium-term descending trendline and may need a little bit of an impulse move to break above and rally to $2,000.
SUSHI: Is DeFi Coming Back?
For some reason, Sushi Swap's token has been one of the top gainers on Binance over the last day.
It turns out that SUSHI's price is under suspicion because industry analysts believe it is being manipulated.
A popular blockchain data analytics platform on Twitter has stated that a strange address may be buying $SUSHI while using $USDC and $DyDx to manipulate the cryptocurrency. As an investor, feel free to jump in and ride the wave.
However, be aware that SUSHI is facing resistance somewhere around $0.815, and the cryptocurrency's pump may be inorganic. Surprise crashes are also entirely possible.
Can Solana Break Past Its Pre-FTX High?
FTX’s crash did a number on Solana’s price. The cryptocurrency crashed by nearly 80% in under a few days, from $39 to under $10.
This time around, Solana has spent the last few weeks in a rally, biding its time until it hit $39 again after nearly a year.
However, there appears to be a problem. Solana is stalling around this price zone and is not showing signs of even trying to break through. In all, Solana’s crash started around 5 November when FTX went under.
It would be one heck of a “coincidence” (or manipulation) if Solana only broke through this zone exactly one year later. In all, the bears would undoubtedly have been waiting around $39 and would not let the bulls pass so freely.
