Bitcoin‘s value has dipped below $98,000, retreating from its near $99,500 high as daily closing approaches. Analysts had predicted a quieter market during the holiday period, but the volatile nature of cryptocurrencies may spark increased fluctuations in the coming days. This raises the question: what are the expectations for DOT, FTM, AMB, and AAVE coins?
What Are the Predictions for DOT Coin?
Renowned analyst Carl shared insights today regarding Polkadot (DOT) coin, indicating that the asset is at a significant breakout juncture. He highlights a medium-term target for the coin amidst ongoing market shifts.
“DOT could break out of this descending wedge at any moment! The upward target is $11.30.”
While the decline in Bitcoin prices may dampen breakout aspirations, the absence of a daily close suggests that market dynamics could shift if demand rebounds in Asian trading sessions.
How Will FTM and AMB Coin Perform?
Fantom (FTM) has surged 172% following Trump’s election, gaining traction in the DeFi arena. However, the recent BTC downturn has caused many cryptocurrencies, including FTM, to relinquish some profits. Current support is noted at $0.8497, with trading hovering around the $1 mark.
If Bitcoin’s decline intensifies, we may see a test of the support level; otherwise, a close above $1.04 could target $1.24 and subsequently $1.50. Meanwhile, AMB Coin has shown resilience, rebounding from a low of $0.00703, though it faces likely resistance at $0.0083.
Key Takeaways:
- DOT targets an upward breakout at $11.30 if market conditions allow.
- FTM’s support level stands at $0.8497, with potential for recovery above $1.04.
- AMB Coin remains weak, facing resistance at $0.0083.
- AAVE targets a support level of $356, while a close above $352 may signal long-term bullishness.
AAVE Coin is currently influenced by support from WLFI, focusing on the $356 level as Bitcoin prices drop. Should this trend persist, AAVE may seek support around $295. However, maintaining a close above $352 could solidify a bullish trajectory, potentially leading to movements toward $700 if $457 is surpassed.