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

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The total market value of cryptocurrencies exceeded $3.73 trillion, with trading volume surpassing $190 billion. Today, the price of BTC soared to $108,353 in a new attempt to reach its peak. While it has since retreated to $106,556, the overall outlook remains positive despite a slight downturn in altcoins.

MANA Coin and Chiliz (CHZ)

MANA Coin, which has regained its March peak, struggled to surpass the resistance at $0.859. Despite testing the support at $0.58 multiple times, it remains intact. Although it has returned to previous levels after over 250 days, enthusiasm in the metaverse space has faded, complicating the current situation for cryptocurrencies in this category.

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

Chiliz (CHZ) continues to adhere to previously defined key levels. As no closures occurred above $0.117, a pullback to the support of $0.0982 is observed. Should the price fail 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 dramatic 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 excitement 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 here. As the largest meme coin by market capitalization, DOGE is expected to draw demand from new investors in this cycle.

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