Areon Network presyoAREA

Ripple’s $XRP is currently trading in red and is trading below the $2.25 mark. Majority of the top 10 coins are trading in red, including Bitcoin. $XRP continues to trade sideways as it remains in a consolidation phase. This range-bound movement is expected to exist as the market works through a correction. Here’s an update on the important price levels to monitor for XRP in the coming days. Key Support Levels $XRP is currently facing support between $2.24 and $2.21. This range is based on Fibonacci retracement levels, but it is important to note that this support is relatively weak and could potentially be broken. The critical level to watch is the $1.94 swing low. As long as XRP stays above this level, the consolidation phase remains intact. However, if the price falls below $1.94, it could signal a shift toward lower support levels. Potential Lower Support Zone If XRP fails to hold above the $1.94 level, the next key support zone lies between $1.85 and $1.12. This could be the area where XRP finds strong buying interest if the current consolidation breaks down. Key Resistance Levels On the upside, $XRP is approaching resistance near the $2.72 level. This price point is crucial because if XRP breaks above it, it could signal a potential rally toward previous highs. If XRP continues to hold its ground and eventually breaks out to the upside, this resistance level could be a significant target. Triangle Formation: Key Phases Currently, XRP may be in the D-wave of the triangle formation. This follows the previous A, B, and C waves, with the D-wave potentially developing now, followed by an E-wave, which should form a higher low. If the triangle is valid, $XRP could breakout upward once the E-wave concludes, signaling a potential price rise.

It looks like you're analyzing the price action of Ethereum Classic ($ETC) and its potential for upward momentum. Based on your analysis: 1. Resistance and Potential Upside: If $ETC closes a daily candle above $28.50, there's a strong potential for the price to rise by 20% toward the next resistance level of $34.25. This level could serve as a key target if the breakout above $28.50 is confirmed. 2. RSI Analysis: The RSI near the oversold area suggests that there is potential for upside momentum. The RSI, when near oversold levels, can indicate that the asset is due for a bounce or reversal, which aligns with your bullish outlook. 3. Volume Analysis: The 13.5% price surge within the past 24 hours is notable, but the 30% decrease in trading volume suggests that fewer traders are actively participating. This lower participation could be a sign of uncertainty or caution, which might limit the extent of the price move unless volume picks up. 4. Market Sentiment: Combining these factors — bullish technical analysis, RSI near oversold, and lower volume — indicates that while there's potential for a move toward $34.25, traders should remain cautious about the lower participation. A surge in volume would confirm the bullish momentum. In conclusion, $ETC appears poised for a possible price increase toward $34.25, but the low trading volume suggests that there could be volatility or a lack of confirmation until participation picks up. Keep an eye on both volume and price action to confirm the strength of the move.

The Fuel Network price has plummeted 25% in the last 24 hours to trade at $0.05266 as of 7:10 a.m. EST on a 415% pump in trading volume to $38 million. This price drop comes despite Fuel’s announcement of a token airdrop starting Dec. 19 in which 10% of the total supply will be distributed to over Fuel is facing bearish sentiment due to scam allegations involving discounted sales, and reliance on escrow-only transactions that highlight trust issues. Additionally, skepticism about its competitiveness compared to stronger projects like Ethereum and Solana, combined with unfavorable market conditions, has further dampened investor confidence, leading to concerns about its future viability. Fuel Network Price May See An Uptrend The FUEL/USD chart on the 5-minute timeframe indicates a sharp upward price movement, followed by a sharp pullback. FUEL is currently trading at $0.05722, reflecting a 3.54% decline from its recent high. The price action suggests that the token experienced a parabolic curve pattern, often signaling aggressive buying interest that can lead to temporary overextensions. The support level is established near $0.045, where the price consolidated before breaking out. This level is crucial as it marks the base of the parabolic movement and could serve as a strong area of buying interest if the price retraces further. The RSI (14) stands at 65.15, indicating bullish momentum but showing signs of potential overbought conditions. A move below 70 on the RSI suggests that the immediate buying pressure might be easing, aligning with the recent price pullback. The MACD appears to reflect bullish momentum, with the signal line and MACD line above the zero level. However, the gap between these lines seems to be narrowing, hinting at weakening momentum. The Fuel Network price is trading near the 50-MA, which could act as dynamic support in the short term. If the price holds above the $0.055 level, a retest of the recent high around $0.0606 is possible. Conversely, a break below $0.055 could lead to further downside, potentially testing the $0.045 support zone.

Based on the recent price action, if $ETC closes a daily candle above the $28.50 level, there is a strong possibility it could soar by 20% to reach the next resistance level of $34.25 in the future. On the positive side, ETC’s Relative Strength Index (RSI) currently stands near the oversold area, suggesting upside momentum. When combining these on-chain metrics with the technical analysis, it appears that bulls are currently dominating the asset and could soon propel the asset price to the $34 mark. Currently, ETC is trading near $27.54 and has experienced a price surge of over 13.5% in the past 24 hours. During the same period, its trading volume dropped by 30%, indicating lower participation from traders and investors.$ETH

#BTC might found support at 50 day MA (93400) for the time being. Trade idea: Long around 93k- 94k, TP area at 97k, SL at 91800. #dyor #nfa