Digital assets saw minor gains over the past 24 hours as the Fear and Greed Index read neutral at 55.
However, prevailing performances suggest trend shifts. Bitcoin eyes price levels above $97K with USUAL and Hedera’s HBAR in for the Santa rally.
Bitcoin signals recoveries
BTC trades at $94,230 after losing 1.80% within the past day. BTC struggles as bears threaten potential dips to $90,000.
Nonetheless, Bitcoin’s price formed a doji candlestick with rejection at the 50-day Exponential Moving Average.
This development has magnified the probability of a morning star formation.
While today’s decline limits these chances, stability above the 50-day EMA confirms impending bull comebacks.
A morning star completion would propel Bitcoin toward the 20-day Exponential Moving Average at $97,896.
However, crypto analyst Financial Astrology warns about potential declines to $72,000 if the bull flag fails to materialize.
#BTC formed a Doji control zone(12/5), marking a critical area. This zone could establish a bull flag, but if it fails, bearish sentiment may prevail. Key subsupport levels at 82K$ , 72K$. #Bitcoin #BTCUSD #Ethereum #Solana #XRP #ADA #Gold #Silver #XAUUSD #XAGUSD #SP500 #Nasdaq
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Usual leads gainers
Usual has remained on investor radar since last week after its impressive performance despite a hacking incident.
The native coin extended its bullish streak, gaining 34.67% to hit 24-hour highs of $1.4153.
USUAL trades at $1.35 after brief retracements from its daily high.
It is still 28% up on the 24-hour chart, and the 90% surge in trading volume signals continued surges.
Broad market recoveries contributed to USUAL’s bullish performance the past day.
However, Kraken and Binance’s investment added to the token’s bullish strength.
The leading exchanges co-led a $10M funding round for the RWA-focused decentralized stablecoin issuer.
🚨 TODAY: Binance and Kraken invest $10M in Usual, a fiat-backed stablecoin issuer focused on real-world assets.
RWA is really a thing right now and will expand on 2025.
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The significant investment reflects growing confidence in stablecoins and trust in Usual’s future.
With real-world asset tokenization set to dominate trends in 2025, USUAL remains well-poised for remarkable growth in the coming sessions.
Meanwhile, enthusiasts can expect brief dips after the latest bullish wave before solid rallies to record peaks.
Hedera’s bullish breakout
HBAR is among the altcoins with substantial gains over the past sessions, likely driven by the Hedera ETP launch.
The altcoin soared from $0.2629 to $0.3033 – a 15.37% 24-hour surge.
Source: Coinmarketcap
Meanwhile, Hedera’s price actions print a pennant setup with the $0.31 hurdle crucial for upside breakouts.
The altcoin’s daily timeframe displays a bullish pennant formation and a consolidation phase after recent rallies.
While such indications highlight market indecisions, they often precede substantial price movements.
Overcoming the resistance at $0.31 could trigger upswings towards $0.35.
That would catalyze smooth uptrends to $0.40, translating to a 33% surge from current prices of $0.300.
FIB retracement levels reveal HBAR’s crucial zones.
The 23.6% retracement around $0.31 presents a crucial resistance, whereas 38.2% at around $0.28 provides support for HBAR.
Moreover, the daily Relative Strength Index at 61 suggests more growth for Hedera before attaining overbought conditions.
The post Crypto today: USUAL gains 35%, HBAR approaches breakout as BTC’s doji targets $97K appeared first on Invezz
