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Cryptocurrency

A comprehensive price analysis of top cryptocurrencies including Bitcoin, Ethereum, and more for December 6th.

Horizonstocks

Here is a rewritten version of the text in a more readable format:

Market Analysis: Cryptocurrency Outlook

The cryptocurrency market has been experiencing fluctuations in recent days, with various coins showing signs of strength or weakness. Here’s an analysis of the current market situation and predictions for each coin.

1. Bitcoin (BTC)

There is no information provided about Bitcoin in the original text. Let’s move on to the next coin.

2. Ethereum (ETH)

Similarly, there is no information about Ethereum in the original text.

3. Altcoins Analysis

Here are individual analyses of various altcoins:

Dogecoin (DOGE)

  • DOGE continues to trade inside an ascending channel pattern.
  • Bulls have a slight advantage with minor resistance at $0.46.
  • If this level is crossed, the DOGE/USDT pair could rise to the channel’s resistance line near $0.52.

Cardano (ADA)

  • ADA turned down from the $1.33 overhead resistance on Dec 3, indicating profit booking by select traders.
  • The pullback is finding support near $1.10, the 50% Fibonacci retracement level of the latest leg of the rally.
  • Buyers will again try to drive the ADA/USDT pair above $1.33. If they succeed, the pair could ascend to $1.50.

Avalanche (AVAX)

  • AVAX has been witnessing a tough battle between bulls and bears near the $51 level.
  • The upsloping 20-day EMA ($44.09) and RSI in the overbought zone indicate that the bulls are in command.
  • If buyers push the price above $56, the AVAX/USDT pair could climb to $60 and later to $65.

Toncoin (TON)

  • Bulls are finding it difficult to sustain TON above the $7 resistance, but a positive sign is that the price remains above the 20-day EMA ($6.29).
  • Buyers will again try to push and maintain the price above $7. If that happens, the TON/USDT pair could travel to $7.65.

Shiba Inu (SHIB)

  • Buyers tried to push SHIB above the overhead resistance of $0.000033 on Dec 5, but bears held their ground.
  • The rising 20-day EMA ($0.000027) and RSI in the positive territory indicate advantage to buyers.
  • If the price rebounds off $0.000030, the bulls will again try to push the SHIB/USDT pair above the $0.000033 resistance.

Conclusion

The cryptocurrency market is experiencing fluctuations in recent days, with various coins showing signs of strength or weakness. This analysis provides a brief overview of each coin’s current situation and predictions for their future performance.

Note: The original text contains a lot of information about individual cryptocurrencies, and it would be better to break it down into smaller sections or create a table to make it more readable.