\nCrypto Price Prediction: Despite the increasing selling pressure in the market, the tokens like ICP, TRB, SEI for a new breakout opportunity.\t\t\t\t<\/p>\n
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Crypto Price Prediction: The last week of 2024 has been notably bearish for the crypto market, prolonging the correction phase<\/a> in the majority of major cryptocurrencies. However, defying the selling pressure, crypto coins like Internet Computer(ICP), Tellor, and SEI have managed to show sustainability at higher levels, and a strong bounce back. With the increasing anticipation for Bitcoin spot approval, the broader market is likely to assist in extending recovery for these assets.<\/span><\/p>\n <\/p>\n The total value of the global cryptocurrency market is currently $1.67 trillion, experiencing a growth of 1.89% in the past day. Over the last 24 hours, the overall trading volume in the crypto market has reached $43.87 billion, marking a significant decrease of 41.70%.<\/p>\n Also Read: Report Indicates SEC Might Contact Bitcoin ETF Applicants Early Next Week<\/a><\/p>\n Amid the current uncertainty in the crypto market, the Internet Computer price<\/a> managed to find sustainability above the $8.5 mark. A new recovery initiated from this support surged the coin price by 60% in a week to reach a new yearly high of $13.77.\u00a0<\/span><\/p>\n Amid this rally, the coin price gave a decisive break-out<\/a> from the cup and handle pattern\u2019s neckline resistance on December 30th, reflecting a better signal of trend reversal. An intraday jump of 10.6% provides a suitable follow-up to the breakout move, accentuating the buyers\u2019 conviction to prolong this rally.<\/span><\/p>\n With sustained buying, the ICP price could rise another 78% to reach the potential target of $20. The Average Directional Index values at 52% reflect the buyers are running on exhaustion which may trigger in-between pullbacks in the anticipated ICP rally.<\/span><\/p>\n The Tellor (TRB) cryptocurrency has shown a significant recovery<\/a> since August 2023, soaring from $9.2 to a remarkable $268, marking a 2800% increase. This impressive ascent can be attributed to a combination of factors, including increased investor accumulation and the formation of a technical pattern known as a \u2018cup and handle.<\/span><\/p>\n <\/p>\n The surge in TRB price is further fueled by the buyer\u2019s breakout from the pattern\u2019s neckline resistance at $124 and a Fear Of Missing Out (FOMO) among new traders. If the buying momentum continues, the TRB price might climb by another 7%, aiming for a target of $285. However, due to the nature of the cup and handle pattern, there\u2019s potential for an even higher peak, possibly reaching $426.<\/span><\/p>\n Recent analysis<\/a> from the Cilinix Crypto YouTube channel highlights Tellor\u2019s robust performance and solid fundamentals, including increases in open interest and funding rates. However, it also points out concerns about possible market manipulation involving Tellor on various exchanges, advising caution for potential investors.<\/span><\/p>\n The upswing in the upper boundary of the Bollinger band indicator indicates the buying momentum is aggressive.<\/span><\/p>\n Furthermore, a look at the daily time frame chart shows the SEI price is rising under the influence of channel patterns, resonating within two trendlines. By the press time, the SEI price traded at $0.597 and witnessed newfound supply pressure at $0.63.\u00a0<\/span><\/p>\n The selling pressure at the upper boundary of the channel pattern reflects a possibility of a 10% drop to revisit the lower trendline. Until the chart pattern is intact, the SEI price will continue its upward trajectory, continuing to reclaim higher ground. A potential reversal from this support would surge the price above the $0.636 swing high.<\/span><\/p>\n <\/p>\n The 20-and-50-day EMA<\/a> can offer dynamic support to ICP price\u00a0<\/span><\/p>\n<\/p><\/div>\n \n Share this article on:<\/p>\n –><\/p>\n Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading <\/p>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\nBullish Reversal Pattern Sets the Internet Computer(ICP) Price Rally to $20<\/b><\/h2>\n
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Has Tellor Token Hit Overbought after 2800% Surge<\/b><\/h2>\n
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SEI Price Sets Minor Pullback Before the Next Leap<\/b><\/h2>\n
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Defying the broader market correction, the SEI Coin price managed to hold its ground at $0.22 support and start a new recovery<\/a>. The renewed buying pressure surged the coin price by 167% to reach the current trading price of $0.59.\u00a0<\/span><\/p>\n
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