December 9 crypto picks: Once again, the unpredictable nature of the cryptocurrency space has highlighted some standout options for potential investors. Cardano (ADA), propelled by a recent exponential surge in its Total Value Locked (TVL), has garnered significant attention. At the same time, BONK, experiencing an abrupt spike in price and market capitalization, has secured its place among the top three dog-themed coins. Turning our focus to Avalanche (AVAX), a notable uptick in its address count followed a substantial accumulation in Star Arena.
December 9 Crypto Picks: ADA, BONK, AVAX Worth Considering for Investment
The exceptional performance of the top gainers on December 9 has led us to compile a list of some of the most promising cryptocurrencies to consider for investment.
Cardano Price Prediction
Cardano (ADA) is currently riding high at its annual peak, encountering resistance at $0.6, which has effectively maintained price stability. The breakthrough of the $0.45 resistance level triggered a significant surge in Total Value Locked (TVL).
As the price surpassed the $0.5 mark, bullish sentiment soared, instilling optimism for further upward momentum. The Relative Strength Index (RSI) is presently at 89, signaling a bullish stance. However, caution is advised, as the elevated RSI suggests a potential risk of overvaluation that could indicate an impending bear market.
As of the latest update, Cardano’s (ADA) price is trading at $0.619709, accompanied by a 24-hour trading volume of $25 billion. This reflects a remarkable 25.42% gain in the last 24 hours and an impressive 58.65% increase over the past 7 days.
BONK Price Prediction
The meme coin BONK is currently experiencing a robust bullish trend, surging to an all-time high (ATH) of $0.0000145. Notably, the previous peak at $0.0000100 has now transformed into a support level, indicating a solid foundation for the current upward movement.
The Relative Strength Index (RSI) is currently at 91, signaling an overbought zone. Additionally, the Moving Average Convergence Divergence (MACD) is displaying extended green histograms, highlighting a strong bullish momentum in the market.
Avalanche Price Prediction
AVAX’s recent price action marked a significant breakout from an ascending triangle pattern, successfully surpassing resistance at $22.7. The breach of this pattern resulted in an immediate 8% surge on the same day.
In the following four days, the token witnessed exponential growth, achieving a noteworthy increase of over 30%. Notably, the Relative Strength Index (RSI) is currently at 86, signaling an overbought market.
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