The cryptocurrency market remains in the bull zone and this situation supports the price of Dash, Chainlink and IOTA as well. Bitcoin has found strong support above the $ 20,000 level, but some analysts say the correction may be around the corner.
The negative news is that Ripple (XRP) weakened by more than 20% after the company confirmed it is expected to be the subject of a lawsuit from the Securities and Exchange Commission (SEC).
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It’s also important to note that Coinbase has submitted a draft registration statement to the US Securities and Exchange Commission confirming its intention to go public. “Coinbase Global, Inc. announced that it has confidentially filed a draft registration statement on Form S-1 with the Securities and Exchange Commission (the“ SEC ”). The Form S-1 is expected to take effect after the SEC completes its review process, subject to market and other conditions, ”the company announced on Dec. 17.
Dash (DASH) is trading above the $ 100 level again
Dash has been in an uptrend since early November and there is currently no sign of a trend reversal. Most professionals predict the bright future of this cryptocurrency, but the Dash project is still uncertain.
Data source: tradeview.com
In this table I have marked important resistance and support levels. The major support levels are $ 100 and $ 90. $ 110 and $ 120 represent the resistance levels.
If the price jumps above $ 110 it would be a signal to buy Dash and we have the open road to $ 120. Conversely, if the price falls below $ 90, it would be a strong sell signal and the trend reversal sign.
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Chainlink (LINK) remains in a buy zone
Chainlink’s (LINK) price has gone from $ 10 to over $ 16 in less than forty days, and the current price is $ 12.5. The critical support levels are $ 12 and $ 11, and $ 14 and $ 15 represent the levels of resistance.
Data source: tradeview.com
There are some obvious risks to buying Chainlink (LINK) this December. However, if the price climbs back above $ 14 it will confirm the uptrend.
IOTA price still can’t top the $ 0.40 resistance
IOTA (MIOTA) found strong support above USD 0.30 and the current price level offers good value for what you are paying for. According to analysts, this cryptocurrency is still undervalued and IOTA could hit a new price record in the coming years.
Data source: tradeview.com
According to the rules of technical analysis, the current trend of this cryptocurrency is neutral-bullish. The major resistance levels are $ 0.35 and $ 0.40; $ 0.25 and $ 0.20 represent the current support levels.
If the price jumps above $ 0.35 it would be a signal to buy IOTA and the next price target could be at $ 0.40 or even $ 0.50.
Summary
The cryptocurrency market remains in the bull zone and this situation supports the price of Dash, Chainlink and IOTA as well. Coinbase announced that it has submitted a draft registration statement to the US Securities and Exchange Commission, which is positive news for the cryptocurrency market.
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