King cryptocurrency Although its unit rose to $96,250 in recent hours, it encountered profit sales here. Altcoin investors still haven’t recovered from their wounds. Although 2024 offers good earning opportunities for cryptocurrency investors, it does not end so wonderfully. However, investors are hopeful for the first two quarters of 2025.
How Many Dollars is PENGU Coin?
The cryptocurrency analyst, known by the pseudonym The Wolf of Main Street, made his last evaluation of the year for PENGU Coin. It allows many investors to make significant profits by giving airdrops in December. PENGU distributed hundreds of dollars per wallet.
However BTC The negativity in price started to erase the gains after the Fed meeting. At the time of writing BTC price Trying to protect $95,000. The analyst shared the chart below and wrote:
“Let’s start a new analysis on the same range in PENGU. Unless there is a bullish structure change in the parity, I will wait for RL and the blue box. “If the price reaches the buy zones, I will target RH as a 3 tap target.”
Will we see a buying opportunity at the level marked on the chart? We can’t know, but if overall market weakness continues into the new year, deeper bottoms wouldn’t be surprising.
Altcoins and Bitcoin
BTCD Although it has not experienced a major pullback, some analysts argue that it will happen soon. Mustache, on the other hand, focuses on the ETHBTC parity and argues that the breakout is approaching. The strength of the ETH price against the crypto king will pave the way for the expected big rise in altcoins.
“ETH/BTC has been in a falling wedge for 3.5 YEARS. There is no reason not to be bullish on Altcoins in 2025. Have a good start to the new year.”
Ali Charts drew attention to the BTC chart. According to him, the recovery will continue in the coming hours.
“TD Sequential, Bitcoin
$93,885.9 (BTC) is showing a buy signal on the 12-hour chart. A sustained close above $94,700 could lead to a recovery to $97,500. However, losing $92,500 as support will invalidate the bullish signal.”
BTC At the time of writing, it is finding buyers above this support level. Since the trend is upward, the potential for this long-running boring movement to end is substantial.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
