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$LIGHT
price has already moved strong and buyers are still in control.....
Entry zone: 3.80 – 4.05
TP1: 4.50
TP2: 5.20
TP3: 6.00
SL: 3.30
LIGHTUSDT
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0.8669
-4.45%
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$ADA Analysis : Cardano (ADA) price struggles to recover as retail demand weakens. Cardano (ADA) recorded a recovery of over 2% at the time of writing on Tuesday; however, the technical structure suggests that the current upward momentum remains relatively low. The price of ADA continues to fluctuate within a descending wedge pattern, reflecting that the weakening trend has not yet been truly broken. Nevertheless, from a fundamental perspective, the Cardano ecosystem is showing clear signs of improvement in onchain activity over the past two weeks, particularly since the privacy-focused Midnight sidechain officially went live. According to data from TapTools, Cardano's on-chain trading volume surged in December, peaking at nearly $19.74 million on December 10th. On Sunday alone, the volume reached $16.11 million, more than double the previous day's volume. Simultaneously, the number of unique trading wallets also increased significantly, reflecting the growing participation of funds returning to the network. In contrast to the on-chain improvements, the derivatives market continues to show cautious sentiment. CoinGlass data shows that the open interest (OI) of ADA futures contracts decreased to $666.25 million, while the funding rate remained negative, indicating that bears still hold the upper hand. On the daily chart, selling pressure is showing signs of weakening as the RSI bounced up from the oversold region and the MACD gradually converged. If the recovery momentum is maintained, ADA could head towards the $0.435 region. Conversely, the $0.341 level continues to act as important support in the short term. $ADA
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$DOGE Analysis: Dogecoin (DOGE) price recovered above the $0.13 breakout zone on Friday, indicating buying pressure emerged at lower price levels. However, the bears are unlikely to give up easily and will try to halt the recovery at the moving averages. If the Dogecoin price reverses from these moving averages and breaks below $0.12, it would indicate that the bears are still in control of the market. In that case, the DOGE/USDT pair could plummet to the October 10th low of $0.10. To negate this bearish scenario, the bulls need to push the price above the 50-day SMA ($0.15), thus showing that the market has rejected a breakout below $0.13. A large trading range between $0.13 and $0.27 would be triggered if the price remains above $0.16. $DOGE
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$XRP Analysis : XRP Could Recover If It Closes Above $1.96 XRP retested and held the support zone around the lower boundary of the falling wedge pattern on Friday, before recording a slight recovery the following day. As of Monday, XRP is gradually approaching the key resistance zone on the daily chart at $1.96. In a positive scenario, if XRP can close firmly above the $1.96 resistance level, the recovery momentum is likely to extend towards the 50-day EMA at $2.13. In terms of momentum, the RSI on the daily chart is currently at 42, still below the neutral threshold of 50, reflecting that downward pressure has not completely subsided. However, the MACD formed a bullish crossover on Monday, giving an early signal for the possibility of improved upward momentum in the short term. Conversely, if corrective pressure returns, XRP could continue to retreat to test the nearest low established on Friday at $1.77 $XRP #BinanceAlphaAlert
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Timelines for XRP to Hit $10, $50, and $100 After Recent Crash
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XRP Analysis
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