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As December approaches, investors are inching closer to the halving year. What are the expectations? The rise was anticipated for October and November, during which we witnessed new peaks in cryptocurrencies. However, recent data suggest that we might see new lows in December, especially for three cryptocurrencies.
Celestia (TIA) Price Prediction
The rapid ascent that began on November 10 was impressive, with the price showing an increase of nearly 200%. After reaching its peak at $7.42 on November 18, the price began to fall. The RSI had signaled this downturn before it occurred. When the RSI falls while the price continues to rise, it typically precedes a larger sell-off leading to a downturn.
Following the leading signal, TIA Coin entered a decline, and if sellers persist, the bottom may deepen towards $4.3. To invalidate the bearish scenario, the price would need to reclaim $5.7. Following that, peaks above $7.3 could be seen.
Arweave (AR)
Since October 20, the AR Coin price has significantly increased, reaching $9.3 in 32 days. The 150% rally was followed by a long upper wick, indicating the sellers stepping in. The wick confirmed the resistance at $8.50 created by a horizontal resistance area and a long-term descending resistance trendline. The RSI also supports the continuation of the decline. If the downtrend continues, $6 could be a reasonable target.
Despite the bearish prediction, if the $8.5 resistance is breached and we see closes above the trend line, a visit to $13.5 with an 80% increase is possible.
CAKE Coin Analysis
Investors in CAKE Coin faced a similar fate as the other two altcoins. The popular altcoin experienced a swift rise from October 6, reaching $2.85 and marking a 170% gain. The loss of the $2.5 horizontal resistance weakened the outlook for CAKE Coin, with the RSI confirming the continuation of the downturn.
If the decline continues, CAKE Coin’s price could see new lows between $1.73 and $1.94. However, like the others, if the lost resistance turns into support, a rise back to $2.85 could become possible.
- December may bring new lows for cryptos.
- Price predictions hint at potential recoveries.
- Investors watch RSI signals and resistance levels.
