As we approach the end of 2023, December started off well for Bitcoin and continued to find buyers above $38,300, reaching the highest level of the year. What are the expectations for other cryptocurrencies like DOT, ADA, and XRP? How much can their values be if Bitcoin continues to gain value?
DOT Coin investors are excited as the price rises above $0.4. Especially after a strong recovery around $3.5 in July, DOT Coin is currently finding buyers at $5.4. The critical thresholds are set at $5.6 and $5.8. If the price starts to close within this range, it can surpass the long-fought region and reach new highs.
ADA Coin investors made efforts to break the $0.4 resistance but due to profit-taking and doubts about the rise, it pulled back to $0.38. It has gained up to 67% since October 19. If ADA Coin price can hold the support at $0.3745, it can target $0.4 and $0.46 levels.
XRP price broke the long-term downtrend resistance on October 19, giving investors a promising development, but the rejection from the resistance zone on November 13 dampened hopes. The long upper wick seen at $0.74 indicates that profit-taking continues. The weak RSI suggests that a new test towards the $0.55 support would not be surprising.
The reaction at the support level will determine the short-term direction. If support is lost, a pullback towards the next support at $0.42 is possible. Conversely, the targets of $0.65 and $0.74 can be in focus.