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As we approach the end of 2023, December has started quite well for Bitcoin, seeing its price reach a new high for the year and continuing to find buyers above $38,300. What are the expectations for DOT, ADA, and XRP Coins? If the BTC price increase continues, how much could they be worth?
DOT Coin Comments
DOT Coin investors were excited by the increase above $0.4 yesterday. We have seen such rapid turnarounds on the daily candles for DOT Coin many times before. Most recently in July, the price strongly recovered from around $3.5, which was near the bottom of the current range, and as of writing, it is finding buyers at $5.4.
The critical threshold is the $5.6 and $5.8 region. If the price can start closing within this range, it might surpass the area it has struggled with for a long time and reach new highs. Above this, there are peaks at $6 and $6.94.
ADA Coin Comments
Cardano (ADA) Coin investors made serious efforts to overcome the $0.4 resistance but were rolled back to $0.38 due to profit-taking and skepticism about the rise. As of writing, the ADA Coin price is finding buyers at $0.38. The steady rise that started on October 19th had yielded gains of up to 67%. Yet, the daily chart situation is not all that bad.
If the ADA Coin price can maintain the $0.3745 support, it could target the $0.4 and $0.46 regions again. The important support area will decide whether the rise will continue. In a bearish scenario, a deepening of sales down to $0.355 and $0.33 is possible.
XRP Coin Price Predictions
On October 19th, the XRP price broke free from the long-term decreasing resistance trend line, which was a hopeful development for investors, but the rejection from the resistance area on November 13th dampened hopes. The long upper wick at $0.74 indicates that profit selling is still ongoing. Moreover, the impact of fake news, the Binance incident, and other rumors pushing buyers to the sidelines is an undeniable fact.
With RSI weak, seeing a new test of support towards $0.55 wouldn’t be surprising. The response at this level will determine the short-term direction. If support is lost, a pullback to the next support at $0.42 is possible. Conversely, targets of $0.65 and $0.74 could be in sight.
- Bitcoin ends the year on a high note.
- DOT, ADA, and XRP show varied potentials.
- Price predictions hint at pivotal movements.
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