China News Daily Official TheBitTimes.com

Although Dogecoin (DOGE) is experiencing short-term bearish sentiment, historical price movement suggests the meme coin could be building up for a potential rally toward a single-digit valuation. Over the years, Dogecoin’s price action has been defined by three distinct cycles, each characterized by extended periods of consolidation within symmetrical triangle formations, followed by breakouts, according to an Analysis shared by Javon Marks in an X post on December 25. From 2014 to 2017, Dogecoin broke out of consolidation and exceeded the 1.618 Fibonacci Extension, setting a precedent for exponential growth. The 2018 to 2021 cycle mirrored this behavior, with DOGE breaking resistance and surpassing the 1.618 Fib level during its dramatic 2021 rally. Picks for you Sui Network to unlock $300 million of SUI on January 1, 2025 – What’s next?...

Former Goldman Sachs executive and macro expert Raoul Pal is leaning bullish on a large-cap Ethereum (ETH) competitor. Pal tells his 1.1 million followers on the social media platform X that there “literally couldn’t be a more bullish long-term chart” than that of Solana (SOL) on the weekly time frame. “When it breaks higher, it’s going to ACCELERATE.” Source: Raoul Pal/X Based on Pal’s one-week chart, it appears that the macro guru is suggesting that Solana broke out of a descending channel and is now targeting to go above the resistance level around the all-time high price of just above $260. Solana is trading at $240 at time of writing. Next up is Ethereum. According to the former Goldman Sachs executive, Ethereum will experience a “spectacular” rally if and when it breaks out above the upper boundary of a symmetrical triangle pattern that has formed on the weekly time frame. In technical Analysis , a symmetrical triangle pattern is bullish...

XRP received a significant short-term boost after Ripple secured a key victory in its legal battle with the Securities Exchange Commission (SEC). A judge ordered Ripple to pay a $125 million civil penalty but ruled that the company is “permanently restrained and enjoined” from violating U.S. securities laws.  Importantly, following the August 7 court decision, there are no indications that XRP will be classified as a security, suggesting the long-standing legal dispute may be ending. Picks for you Brighty launches AI-powered investment platform 45 mins ago PlasmaCon 2024 hints at a resurgence of Plasma’s blockchain technology  2 hours ago ...