As the week concludes, specific cryptocurrencies show bullish signs, with some presenting appealing investment opportunities.
Finbold has examined the crypto market and identified four digital assets that stand out due to recent price movements, heightened investor interest, or noteworthy development efforts.
These options provide attractive investment prospects for the coming week, particularly for investors looking for entry points under $0.10 per coin or token.
Dogecoin (DOGE)
Even though Dogecoin (DOGE) has retraced below the previously surpassed $0.10 threshold it achieved on December 12, which was for the first time since April, the dog meme coin still displays bullish momentum when viewed on a larger scale.
However, TD Sequential has identified a sell signal on the weekly chart for Dogecoin. This coincides with DOGE confronting a significant resistance level that has consistently impeded its upward movements in the past.
In the event of a correction, prices might decline to $0.085 or even $0.078. Nevertheless, should DOGE successfully surpass $0.11, the bearish scenario would be invalidated, as per a post by crypto analyst Ali Martinez on X on December 11.
DOGE is priced at $0.09536 as of the time of writing, showcasing a price decrease of -2.26% in the past 24 hours and a loss of -2.76% on the weekly chart, contrary to the monthly gains of 27.31% in the past month, as per data from December 15.
Shiba Inu (SHIB)
Regarding the second selection, Shiba Inu (SHIB) is undergoing consolidation while testing its resistance point. At the same time, a potential opportunity arises for investors in case of a breakthrough.
Since September 2022, Shiba Inu has been moving within a descending parallel channel. At present, SHIB is challenging a critical resistance located at the upper boundary of this pattern, approximately at $0.000011.
A definitive weekly closure above this level may indicate a bullish breakout, pushing SHIB towards $0.000014. Conversely, facing rejection at this point could lead to a pullback to $0.000008 before the anticipated bullish breakout, per a post from Martinez on December 14.
At the time of press, SHIB was trading at $0.000009812, which comes after losses of -1.66% in the past 24 hours, coupled with -1.92% drawback in the past 7 days, but contrary to the increase of 14.63% in the previous 30 days.
Hedera (HBAR)
Earning substantial acclaim through collaborations in a blockchain initiative, Hedera (HBAR) has emerged as a key attraction for cryptocurrency investors worldwide, offering another potential avenue for profitable investment.
Another important partnership for Hedera comes after unveiling the BankSocial Wallet 2.0 App, a multichain, Hedera-compatible self-custody solution featuring integrated staking and KYC capabilities that facilitate smooth interactions with DeFi protocols.
At the time of reporting, this cryptocurrency was trading at $0.08453, marking a daily increase of 5.93%, a substantial gain of 20.76% over the week, and notable advancements of 40.69% in the last month.
Bonk (BONK)
Last but not least, one of the strongest performers over the past week and 24 hours is Bonk (BONK). Its price has surged by over 100% in the past day.
BONK has taken the lead as the most popular meme coin in the market, witnessing an impressive 116% surge in its market capitalization over the past 24 hours, primarily credited to its recent listing on Coinbase.
In just 12 hours, BONK swiftly ascended from the 69th largest asset to securing the 43rd position, according to Santiment’s post dated December 15.
At the time of publication, this digital asset was trading at $0.00002836, signifying an impressive 96.69% increase over the last 24 hours, adding to the 115.18% gains made over the previous week and a remarkable 966.60% in the last 30 days.
While the mentioned cryptocurrencies may currently experience gains, the dynamic nature of the digital asset realm reminds us that it’s important to remember that crypto assets primarily depend on the overall market sentiment, a key factor to track when entering the market.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
