Rally

Solana

Terra

BitTorrent

FOMO

Crypto Price Prediction: The cryptocurrency market picked up aggressive momentum in December led by the strong recovery in the leading cryptocurrency, <a href="https://coingape.com/bitcoin-all-time-high-surge-similar-to-historic-run-in-2021/">Bitcoin</a>. This resurgence has propelled major cryptocurrencies to multi-month highs, with a particular spotlight on tokens like BitTorrent (BTT), BONK, and Terra (LUNA), which have notably outshined their counterparts. 
As the Bitcoin recovery paused at a $44,500 high, the tokens above went sideways or under pullback to recuperate their bullish momentum. This retracement could offer a suitable dip opportunity as the broader market sentiment remains bullish. 
Also Read: <a href="https://coingape.com/us-fed-rate-cuts-to-start-after-bitcoin-halving-in-q3-goldman-sachs/">US Fed Rate Cuts To Start After Bitcoin Halving In Q3: Goldman Sachs</a> 
<h2 id="span-style-font-weight-400-bittorrent-price-analysis-btt-chart-hints-dip-opportunity-span">BitTorrent Price Analysis: $BTT Chart Hints Dip Opportunity</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/g/GgyY8gEy.png" alt="BitTorrent Price Analysis" width="1946" height="1105">
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 BitTorrent Price Analysis | TradingView Chart
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</figure> 
BitTorrent, a key player within the Tron ecosystem, has seen <a href="https://coingape.com/markets/is-bittorrent-btt-price-rally-a-classic-pump-and-dump-heres-what-you-should-know/">remarkable gains</a> this month and has been one of the highest crypto gainers of this month, starting from the low of $0.0000005 to its recent high of $0.0000017, registering a total growth of 268%.&nbsp; 
This ascent was primarily influenced when the Tron blockchain reached a significant milestone of 200 million users and FOMO among the market participants. However, the BTT price has currently taken a halt around the $0.0000017 and $0.0000016 resistance zones, reflecting profit booking from market participants with long-deck rejection.&nbsp; 
The supply pressure and uncertain market sentiment could trigger a minor pullback, potentially to $0.00000115 or $0.0000011. If the buyers manage to sustain this level, the BTT price could take another leap to surpass the $0.0000016 swing high and chase the higher target levels of $0.0000018 and $0.0000020.&nbsp; 
The momentum Indicator <a href="https://coingape.com/glossary/rsi-relative-strength-index/">Relative Strength Index</a> at 86% reflects an overbought asset that needs a minor pullback to replenish its bullish momentum. 
<h2 id="strong-bonk-price-analysis-cuphandle-pattern-leads-a-bull-run-strong">BONK Price Analysis: Cup&amp;Handle Pattern Leads a Bull Run</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/k/Ke6hHDRz.png" alt="BONK Price Analysis" width="1946" height="1104">
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 BONK Price Analysis| TradingView Chart
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</figure> 
The Solana-based meme cryptocurrency BONK has been on a strong recovery trend since the 4th week of October. Starting the rally at $0.00000306, the coin price has <a href="https://coingape.com/bonk-surpasses-floki-to-become-3rd-largest-dog-themed-coin-by-market-cap/">surged nearly 600%</a> to reach a high of $0.0000112.&nbsp; 
This massive rally is likely linked with the revival of Solana coin price and the forming a bullish reversal pattern called cup and handle. However, with the current uncertainty in the crypto market, the BONK price has entered a sideways action and plunged back to $0.0000175. 
While this retracement is still under the safety net of the Fibonacci retracement level, the BONK price could continue its recovery under the influence of a bullish pattern. The cup and handle pattern usually provides a multi-fold target of the length between its base support and neckline.&nbsp; 
Thus, with sustained buyers, the BONK price could rise another 70% to reach a high of $0.00002. The Average Directional Index slope at a high of 70% reflects the buying momentum could be exhausted, and thus a pullback is necessary to continue the bullish trend. 
<h2 id="strong-terra-price-analysis-healthy-retracement-hints-rally-to-2-strong">Terra Price Analysis: Healthy Retracement Hints Rally to $2</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/w/weH55eXK.png" alt="Terra Price Analysis" width="1946" height="1105">
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 Terra Price Analysis | TradingView Chart
 </figcaption>
</figure> 
The Terra Luna coin strike has been on a recovery trend since late October but picked up momentum in the fourth week of November when the algorithm-stable coin USTC <a href="https://coingape.com/terra-classic-community-passes-constructive-proposal-lunc-ustc/">showcased a massive surge</a>.&nbsp; 
From the last swing low of $0.555, the contract serves nearly 114% to reach a 7-month high of $1.28. Amid this rally, the buyers breached the long-coming resistance of the Falling Wedge Pattern, signaling an early sign of trend reversal.&nbsp; 
However, with the increasing uncertainty in the crypto market, the Luna price has witnessed a minor pullback to currently trade at the $1.00 mark. If the Luna price manages to sustain above $3.09, the Luna price is likely to follow the predetermined target of the completed batch pattern.&nbsp; 
With sustained buying the Luna Price could rise to the potential target of $1.64, $2.5, followed by $3.3. Amid the occasional pullback in LUNA price, the 50-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">Exponential Moving Average</a> slope has continued to offer strong pullback support to this asset. 
The post <a rel="nofollow" href="https://coingape.com/markets/crypto-price-prediction-today-december-11-btt-bonk-luna/">Crypto Price Prediction For December 11: BTT, BONK, LUNA</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Crypto Price Prediction For December 11: BTT, BONK, LUNA

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