2024

Internet Computer

Bitcoin ETF

Bitcoin

Tellor

Crypto Price Prediction: The last week of 2024 has been notably bearish for the crypto market, <a href="https://coingape.com/top-analyst-expects-bitcoin-price-to-hit-50000-before-40-correction/" rel="noopener noreferrer nofollow">prolonging the correction phase</a> in the majority of major cryptocurrencies. However, defying the selling pressure, crypto coins like Internet Computer(ICP), Tellor, and SEI have managed to show sustainability at higher levels, and a strong bounce back. With the increasing anticipation for Bitcoin spot approval, the broader market is likely to assist in extending recovery for these assets.
The total value of the global cryptocurrency market is currently $1.67 trillion, experiencing a growth of 1.89% in the past day. Over the last 24 hours, the overall trading volume in the crypto market has reached $43.87 billion, marking a significant decrease of 41.70%.
Also Read: <a href="https://coingape.com/just-in-report-indicates-sec-might-contact-bitcoin-etf-applicants-early-next-week/" rel="noopener noreferrer nofollow">Report Indicates SEC Might Contact Bitcoin ETF Applicants Early Next Week</a>
<h2 id="b-bullish-reversal-pattern-sets-the-internet-computer-icp-price-rally-to-20-b">Bullish Reversal Pattern Sets the Internet Computer(ICP) Price Rally to $20</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/e/enfDZLv4.png" alt="Internet Computer price " width="1946" height="937">
 <figcaption class="wp-caption-text">
 Internet Computer price| TradingView Chart
 </figcaption>
</figure>
Amid the current uncertainty in the crypto market, the <a href="https://coingape.com/price/internet-computer-icp/" rel="noopener noreferrer nofollow">Internet Computer price</a> managed to find sustainability above the $8.5 mark. A new recovery initiated from this support surged the coin price by 60% in a week to reach a new yearly high of $13.77.&nbsp;
Amid this rally, the coin price gave a <a href="https://coingape.com/markets/internet-computer-price-hits-yearly-high-after-120-gain/" rel="noopener noreferrer nofollow">decisive break-out</a> from the cup and handle pattern’s neckline resistance on December 30th, reflecting a better signal of trend reversal. An intraday jump of 10.6% provides a suitable follow-up to the breakout move, accentuating the buyers’ conviction to prolong this rally.
With sustained buying, the ICP price could rise another 78% to reach the potential target of $20. The Average Directional Index values at 52% reflect the buyers are running on exhaustion which may trigger in-between pullbacks in the anticipated ICP rally.
<h2 id="b-has-tellor-token-hit-overbought-after-2800-surge-b">Has Tellor Token Hit Overbought after 2800% Surge</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/9/9QVUesZj.png" alt="Tellor Token" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Tellor Token| TradingView Chart
 </figcaption>
</figure>
The Tellor (TRB) cryptocurrency has shown a <a href="https://coingape.com/markets/is-it-safe-to-buy-tellor-trb-token-after-a-3200-rally/" rel="noopener noreferrer nofollow">significant recovery</a> since August 2023, soaring from $9.2 to a remarkable $268, marking a 2800% increase. This impressive ascent can be attributed to a combination of factors, including increased investor accumulation and the formation of a technical pattern known as a ‘cup and handle.
The surge in TRB price is further fueled by the buyer’s breakout from the pattern’s neckline resistance at $124 and a Fear Of Missing Out (FOMO) among new traders. If the buying momentum continues, the TRB price might climb by another 7%, aiming for a target of $285. However, due to the nature of the cup and handle pattern, there’s potential for an even higher peak, possibly reaching $426.
<a href="https://coingape.com/tellor-tributes-trb-price-hits-new-ath-amid-whale-action-2000-rally-in-2023/" rel="noopener noreferrer nofollow">Recent analysis</a> from the Cilinix Crypto YouTube channel highlights Tellor’s robust performance and solid fundamentals, including increases in open interest and funding rates. However, it also points out concerns about possible market manipulation involving Tellor on various exchanges, advising caution for potential investors.
The upswing in the upper boundary of the Bollinger band indicator indicates the buying momentum is aggressive.
<h2 id="b-sei-price-sets-minor-pullback-before-the-next-leap-b">SEI Price Sets Minor Pullback Before the Next Leap</h2>
<img decoding="async" src="https://s3.tradingview.com/snapshots/j/JSm1frkb.png" alt="TradingView Chart">Defying the broader market correction, the SEI Coin price managed to hold its ground at $0.22 support and <a href="https://coingape.com/markets/crypto-price-prediction-toady-december-29th-bonk-kas-sei/" rel="noopener noreferrer nofollow">start a new recovery</a>. The renewed buying pressure surged the coin price by 167% to reach the current trading price of $0.59.&nbsp;
Furthermore, a look at the daily time frame chart shows the SEI price is rising under the influence of channel patterns, resonating within two trendlines. By the press time, the SEI price traded at $0.597 and witnessed newfound supply pressure at $0.63.&nbsp;
The selling pressure at the upper boundary of the channel pattern reflects a possibility of a 10% drop to revisit the lower trendline. Until the chart pattern is intact, the SEI price will continue its upward trajectory, continuing to reclaim higher ground. A potential reversal from this support would surge the price above the $0.636 swing high.
The 20-and-50-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">EMA</a> can offer dynamic support to ICP price&nbsp;
The post <a href="https://coingape.com/markets/crypto-price-prediction-today-december-31-icp-trb-sei/" rel="noopener noreferrer nofollow">Crypto Price Prediction For December 31: ICP, TRB, SEI</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction For December 31: ICP, TRB, SEI

Table of Contents

Coingape News Media

Other articles published on Dec 31, 2023

How to HACK Binance: Turning $1,800 into $568K with a 39x Long on Solana – Inside the High-Stakes...

Bitcoin (BTC) Shows Promise for Fifth Straight Profitable Month in January

AAVE and BONK Decline; Rebel Satoshi Sees an Uptick in Interest

Cryptocurrency for Beginners: Top 3 Tokens Recommended for New Investors

Vitalik Buterin Reveals Ethereum’s Roadmap For 2024

Cardano (ADA) Breaks New Ground in Cross-Chain Compatibility

Join our free newsletter for daily crypto updates!