Ethereum

Maker

Solana

Internet Computer

Bitcoin

Crypto Price Prediction: The crypto market witnessed a sudden sell-off during the early hours of December 3rd. The Top two leading coins Bitcoin and Ethereum showcased a 6% and 6.87% dip evaporating the gains obtained in the first two days of 2024. 
This sell-off could be attributed to the possible rejection of <a href="https://coingape.com/matrixport-predicts-bitcoin-price-dip-to-36k-amid-sec-potential-rejection-of-btc-spot-etf/?utm_source=cgtelegram">spot Bitcoin ETFs</a>&nbsp;by US SEC recently highlighted a digital asset financial services platform-Matrixport&nbsp; 
The total value of the global cryptocurrency market is currently $1.74 trillion, experiencing a slight decrease of 1.08% from the previous day. Meanwhile, the total volume of crypto transactions in the past 24 hours stands at $69.16 billion, marking a minor increase of 1.13%. 
Despite this selling pressure, crypto coins like Solana (SOL), Internet Computer (ICP), and Maker(MKR) continue to hold a bullish stance. 
<h2 id="b-solana-sol-price-balancing-at-100-with-eyes-on-a-potential-rebound-b">Solana(SOL) Price Balancing at $100 with Eyes on a Potential Rebound</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/k/kCmtaEmy.png" alt="Solana(SOL) Price" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Solana(SOL) Price| TradingView Chart
 </figcaption>
</figure> 
The <a href="https://coingape.com/price/solana/">Solana price</a> experienced a notable correction at December’s end, retracing from a high of $126.36 to the $100 mark, marking a 23% decline. This key level, aligning with the 23.6% Fibonacci retracement, served as a robust support base, trying to hold SOL above $100 mark 
Despite this rebound, it remains premature to assert a definitive recovery trend for <a href="https://coingape.com/solana-co-founder-applauds-solscan-development-amid-etherscan-acquisition-news/">Solana</a>. For a more reliable indicator, investors might consider watching for either a rebound from the $100 support level or a breakout above the recent high of $126.36.&nbsp; 
In the event of an extended correction, potential support levels could be found at $82.9 and $70, corresponding with the 38.2% and 50% Fibonacci retracement levels, respectively. Moreover, The MACD indicator’s bearish crossover is indicative of a prevailing correction sentiment in the market 
<h2 id="b-internet-computer-icp-price-amid-20-amid-open-interest-skyrocketing-b">Internet Computer(ICP) Price Amid $20 Amid Open Interest Skyrocketing</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/5/5aHZizbQ.png" alt="Internet Computer(ICP) Price" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Internet Computer(ICP) Price| TradingView Chart
 </figcaption>
</figure> 
The Internet Computer (ICP) has distinguished itself as the <a href="https://coingape.com/internet-computer-protocol-grabs-limelight-with-222-icp-price-rally/">highest weekly gainer</a> in the crypto market, currently trading at $15.29. After consolidating above the $8.6 mark on December 26th, ICP witnessed a substantial 89% surge, reaching a 10-month peak at $16.20. 
Data from Coinglass highlights a significant upswing in open interest, rising from $28.68 million to $117.48 million in just three weeks, signaling heightened investor confidence and interest in ICP.&nbsp; 
This bullish momentum is further supported by a breakout from a cup-and-handle pattern, projecting a sign of trend reversal. The post-breakout rally could surge the <a href="https://coingape.com/price/internet-computer-icp/">Internet Computer price</a> 32% higher to target the $20 mark. 
The high value of the Average Direction Index(57%) suggests the ICP price may witness occasional correction 
<h2 id="b-maker-mkr-price-riding-a-seven-month-uptrend-with-potential-for-further-gains-b">Maker(MKR) Price Riding a Seven-Month Uptrend with Potential for Further Gains</h2> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/j/J1Y4qBJZ.png" alt="Maker(MKR) Price" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Maker(MKR) Price| TradingView Chart
 </figcaption>
</figure> 
The daily time frame chart for the Maker (MKR) coin reveals a consistent <a href="https://coingape.com/link-and-mkr-prices-surge-as-whales-scoop-3k-mkr-520k-link-from-binance/">seven-month uptrend</a> within a rising channel pattern, drawing keen attention from market participants. The coin’s price has shown a tendency to rebound from the pattern’s trendlines.&nbsp; 
Notably, on December 19th, MKR experienced a significant reversal from the lower trendline, leading to a 50% surge, bringing its trading price to approximately $1892. Historical trends suggest that <a href="https://coingape.com/price/maker/">Maker price</a> may face increased selling pressure at this resistance level, potentially leading to another correction.&nbsp; 
Consequently, savvy investors might consider capitalizing on better entry points during dips at the pattern’s lower boundaries or upon a breakout from the upper trendlines. As long as the rising channel pattern remains valid, Maker’s coin is expected to maintain its upward trajectory.&nbsp; 
Additionally, the 200-day Exponential Moving Average (EMA) could provide dependable support during any corrective phases in this chart pattern. 
<h3 id="related-article">Related Article:</h3> 
<ul> 
 <li><a href="https://coingape.com/solana-labs-co-founder-addresses-community-concerns-over-ecosystem-security/">Solana Labs Co-Founder Addresses Community Concerns Over Ecosystem Security</a></li> 
 <li><a href="https://coingape.com/spot-bitcoin-etf-approval-has-75-probability-of-sell-the-news-event-k33-research/">Spot Bitcoin ETF Approval Has 75% Probability of Sell-the-News Event, K33 Research</a></li> 
 <li><a href="https://coingape.com/us-senator-raises-concern-over-elizabeth-warren-bitcoin-bill-sec-regulatory-approach/">US Senator Raises Concerns Over Elizabeth Warren’s Bitcoin Bill &amp; SEC’s Regulatory Approach</a></li> 
</ul> 
The post <a href="https://coingape.com/markets/crypto-price-prediction-today-january-3-sol-icp-mkr/">Crypto Price Prediction For January 3: SOL, ICP, MKR</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Crypto Price Prediction For January 3: SOL, ICP, MKR

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