Crypto Assets Surge Past $3.73 Trillion as BTC Attempts New Highs

Crypto Assets Surge Past $3.73 Trillion as BTC Aims for New Highs

The total market valuation of cryptocurrencies has exceeded $3.73 trillion, with trading volume surpassing $190 billion. Today, Bitcoin (BTC) surged to $108,353 in a fresh attempt to reach its previous peak. While it has since retreated to $106,556, the overall outlook remains positive despite a slight decline in altcoins.

MANA Coin and Chiliz (CHZ)

MANA Coin, which had regained its March peak, faced resistance at $0.859. Despite testing support at $0.58 multiple times, it remains intact. Despite returning to previous levels after over 250 days, enthusiasm in the metaverse space has waned, creating uncertainty for cryptocurrencies in this category.

Should the resurgence in NFT volumes support metaverse tokens, prices may again exceed $1. However, the resistance levels at $0.683 and $0.724 must be breached first.

Chiliz (CHZ) continues to adhere to previously established key levels. As no closures occurred above $0.117, a pullback to the support of $0.0982 is observed. If the price fails to hold this support, it could revert to the resistance levels at $0.0955 and subsequently $0.0856.

However, if the resistance level is exceeded, targets will be set at $0.1245, $0.142, and then $0.162. Traders seeking short-term opportunities linked to BTC fluctuations should closely monitor CHZ Coin key levels. A rapid breakdown in either direction could lead to significant price movements.

CEEK and Dogecoin (DOGE)

CEEK Coin experienced a brief increase but has fallen below the parallel channel support at $0.0450. The previously noted resistance was the upper boundary of the channel, and with selling pressure at $0.0562, the support has now been lost. If the decline continues, levels of $0.03671 and $0.03272 may be tested.

Dogecoin (DOGE) saw rapid gains fueled by election excitement but has now diverged from Elon Musk's D.O.G.E department. The initial enthusiasm has diminished, with closures below $0.466 presenting an obstacle to achieving the $1 target, while support is currently maintained at $0.039.

Trump's potential actions in the cryptocurrency sector next year could provide support for DOGE. As the largest meme coin by market capitalization, DOGE is expected to draw demand from new investors in this cycle.