Crypto Price Prediction For December 26th: ETH, HNT, ROSE

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Crypto Price Prediction: On Tuesday, the crypto market witnessed a sudden selling pressure prolonging a correction trend in several altcoins. Despite this pullback, the overall market dynamic remains in buyers’ favor, providing a new entry opportunity in coins like Ethereum(ETH), Oasis network(ROSE), and Helium(HNT).

Currently, the global cryptocurrency market capitalization stands at $1.66 trillion, marking a slight decline of 0.31% since yesterday. In contrast, the total trading volume in the crypto sphere has witnessed a substantial increase of 23.61% in the last 24 hours, totaling $74.32 billion.

Also Read: Analysts Predict BTC Rally To Continue As Bitcoin Funding Rates Reset

Ethereum(ETH) Price Takes A Strategic Pause Before Next Leap

In December, the Ethereum(ETH) coin predominantly fluctuated within a defined range, oscillating between $2400 and $2133. While this lateral movement in the daily chart signifies market indecision, it came after an 8-week rally indicating the buyers are taking a breather.

This pause in momentum, hovering above the 23.6% Fibonacci retracement level, suggests a healthy market correction, potentially setting the stage for a renewed upward trajectory. Notably, Intotheblock, a prominent on-chain data provider, highlighted that Ethereum’s long-term holder base expanded significantly, exceeding 70% in December.

This shift underscores a strengthening investor confidence and long-term commitment to Ethereum. Currently, the ETH price is trading at $2141, experiencing a minor intraday setback of 1.34%.

The Ethereum price is primed for a potential breakout above the $2400 resistance, which could pave the way for reaching higher targets at $2675 and $2957.

Helium(HNT) Price Offers Pullback Opportunity

Helium (HNT) coin demonstrated remarkable performance in the first three weeks of December, surging 236% from a monthly low of $2.7 to a high of $9.65. Despite the overall market uncertainty, HNT experienced a 23.57% retracement, now trading around $7.31.

According to Fibonacci retracement analysis, if the Helium price sustains above either the 38.2% or 50% levels, which correspond to $6.55 and $5.5 respectively, it maintains its bullish stance. A rebound from these levels would suggest a replenishment of bullish momentum, potentially leading to the HNT price surpassing the $10 mark.

Moreover, the midline of the Bollinger Bands provides additional support, reinforcing the likelihood of a recovery

Oasis Network(ROSE) Price Gives Key Resistance Breakout to Chase $0.167

In line with general bullish sentiment and the formation of a bullish reversal pattern, the ROSE token price has shown an aggressive rally initiated from the 4th week of October. In the last 10 weeks, the coin price has surged from $0.0396 to the current trading price of $0.14, registering a remarkable 264% growth.

In light of an increasing volume, the ROSE price has breached some crucial resistance like $0.085, $0.116, and most recently $0.137. If the Coin buyers managed to close today’s daily candle above this breached resistance, the buyers would obtain another stepping stone for higher levels.

The post-breakout rally will surge the price another 15% to hit the next resistance level at $0.167.

The Momentum Indicator RSI at 80% reflects a strong bullish momentum and a slight hint of overbought assets.

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