BTC is at 100,000 consolidation! Analyst: These 4 coins have the potential to outperform the market, could there be a big pump this week?

BTC is consolidating at 100,000! Analyst: These 4 coins have the potential to outperform the market.

BTC broke through the $100,000 mark last week, setting a new milestone, and is currently consolidating below that level, indicating that the bulls have not rushed to exit, and the upward trend is expected to continue.

CryptoQuant analyst Percival recently stated that the strength of BTC's weekly trend has turned weak, suggesting a period of consolidation will occur.

The short-term consolidation has not changed the long-term bullish trend. Quinten François, co-founder of WeRate, said that BTC is entering a frenzy stage, which may extend the rally for up to 12 months until the top of the Bull Market arrives.

If BTC enters a consolidation phase, will some altcoins continue to outperform the market? Rakesh Upadhyay, a senior analyst at Cointelegraph, published an article this morning (12/9), mentioning 4 strong trending coins, and providing short-term support and resistance analysis for reference only, not as a basis for investment.

Analysis of DOGE ($DOGE) price trends

Upadhyay pointed out that DOGE is currently in a rising channel and maintains an upward trend, indicating that long positions are in control. Long positions will attempt to push the price above $0.48, but short positions are holding their ground.

If it can rebound at the current level or the 20-day MA EMA (0.41 USD), it will once again attempt to challenge the resistance line of the rise channel. If it breaks the resistance line, it may cause DOGE to soar to 0.60 USD.

Upadhyay said that if shorts want to prevent the rise, they must pull the price below the support line of the channel. At that time, DOGE may fall sharply to the 50-day moving average (0.30 US dollars).

Image source: Cointelegraph Dogecoin ($DOGE) price trend analysis

SUI ($SUI) Price Trend Analysis

Upadhyay pointed out that Sui($SUI) encountered resistance around 4.5 US dollars, but the bulls did not give up too much space, indicating the expectation for the pump trend to continue.

During the pullback consolidation period, $SUI may pull back to $3.94 and then fall to the 20-day EMA ($3.66). If it can rebound at the 20-day EMA, it is expected to break through the key resistance level of $4.5. If successful, $SUI may start the next wave of upward momentum and rise to $5.31.

However, investors should also pay attention to the relative strength index (RSI) of $SUI, which is showing a bearish divergence. If it subsequently falls below the 20-day EMA, it means longs are taking profits, and it may then fall to the 50-day moving average (2.93 USD).

Image source: Cointelegraph. Analysis of Sui ($SUI) price trends

Pepe coin ($PEPE) price trend analysis

Upadhyay pointed out that Pepe coin ($PEPE) once challenged the key resistance level of 0.000027 US dollars, and both long and short positions may fiercely battle here.

From the daily candlestick perspective, the 20-day EMA (0.000021 USD) of $PEPE is rising, and the RSI is also in the Overbought zone, indicating that long positions are dominant. If it can maintain above 0.000027 USD, it is expected to soar to 0.000035 USD, and may subsequently reach 0.000044 USD.

However, if $PEPE pulls back at $0.000027, it means that the shorts are strongly resisting at that price level, and it may fall to the 20-day EMA afterwards. If it further breaks below that moving average, the shorts will gain an advantage.

Image source: CointelegraphPepe Coin ($PEPE) price trend analysis

Fantom ($FTM) price trend analysis

Upadhyay pointed out that Fantom ($FTM) broke through the key resistance level of 1.23 USD on December 2, and the bulls successfully prevented the bears from pulling the price back beyond the breakthrough point, indicating strong buying interest during the pullback.

From the daily candlestick chart, $FTM's 20-day EMA ($1.09) continues to rise, and the RSI in the overbought zone indicates that long positions have the upper hand.

Upadhyay predicts that the bulls will attempt to challenge $1.68, which may encounter strong resistance at that level. If successful in breaking through, it may further soar to the $2 whole number mark.

If $FTM pullback, the key support level below is at $1.23. If the daily candlestick closes below this level, it indicates that the bullish momentum is weakening, and it may drop to the 20-day EMA.

《Encryption City》previously reported that Fantom (now renamed Sonci Labs) is preparing to launch the Sonic Mainnet, which will airdrop approximately 190 million S Tokens. The official website shows that the current total value is as high as 240 million US dollars, and it can be exchanged for Fantom ($FTM) at a ratio of 1:1 in the future.

Source: Cointelegraph Analysis of Fantom ($FTM) Price Trends.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, perspectives, or conclusions in this article are suitable for their specific circumstances. Invest at your own risk.

"BTC is consolidating at 100,000! Analyst: These 4 coins have the potential to outperform the market, could there be a big pump this week?" This article was first published in 'encryption city'