Since rallies off support levels are being sold into, Bitcoin and a few other altcoins are still under pressure.
2022 was a turbulent year for investors as stocks, bonds, and the cryptocurrency industry all experienced significant drops.
XRP/USDT
On December 29, XRP tickers down $0.34 bounced off the triangle’s support line, but the bulls were unable to mount a comeback.
On December 30, the bears continued to hold sway and dragged the price back to the support level.
The relative strength index (RSI) is below 39 and both moving averages are sloping downward, indicating that the downwards is the direction of least resistance. If the price breaks through the support level, the bulls have lost the battle against the bears.
The June low of $0.29 might then be tested again by the XRP/USDT pair. The bulls will attempt to move the pair above the 20-day EMA ($0.36) in the other direction, should the price bounce off its current level.
If they take that action, the pair might advance to a Resistance.
BNB/USDT
BNB tickers down $247 are still trading in a constrained range close to the overhead resistance area of $250 to $255.
This implies a struggle for dominance between the bulls and the bears.
Such narrow ranges typically result in a substantial increase in volatility, but it can be challenging to forecast where the breakout will occur.
Therefore, it is preferable to hold off on entering until the breakout has occurred. Several short-term bears can become stuck if buyers raise the price beyond $255.
They might therefore be in a rush to close their positions, which could push the BNB/USDT pair up to the 50-day SMA ($272) quickly.
On the other hand, if the price declines and moves below $236, the pair may fall below $220.
UNI/USDT
On December 28, the support line of the symmetrical triangle pattern was breached by the Uniswap UNI tickers down $5.13.
This may indicate that the conflict between the bulls and the bears has ended in the sellers’ favor.
On December 29, the bulls attempted to force the price back into the triangle, but the bears resisted. Moving averages that are sloping downward and an RSI that is in the red suggest that bears are in control.
The next barrier might be $4.71 and then $4.60 if the price falls below $4.97.
If the UNI/USDT pair breaks above the moving averages and re-enters the triangle, this pessimistic view may be rendered incorrect in the near future.
BTC/USDT
On December 28, Bitcoin fell below the critical level of $16,559 support. This suggested that the narrow range had resolved in the bears’ favor.
$16,256 is the next support level on the downside.
On December 30, the bears attempted to push the price below $16,256, but the lengthy tail of the candlestick indicates that the bulls are attempting to defend the level.
The moving averages could present buyers with significant resistance.
A break below $16,256 is more likely if the price moves lower from the 20-day exponential moving average ($16,820).
After that, the BTC/USDT pair may crash to the $16,000 and $15,476 support levels. On the other hand, a significant move upward from the current level and a break above the moving averages will indicate strong buying at lower level.
LTC/USDT
On December 27, Litecoin LTC tickers down $70.68 dropped below the moving averages and kept retracing on December 28.
On December 29, the price made a comeback from lower levels and touched the 20-day EMA ($68). The moving averages will attempt to become resistance in the bears’ attack.
If they proceed in that manner, the LTC/USDT pair may decline and drop below the immediate support level of $65.
That might cause a drop to $61 to begin. This is a crucial level to watch in the near future because if it is broken, the selling might pick up speed and the pair could go as low as $56.
The pair might instead rise to the overhead barrier at $75 if buyers push the price above the moving averages.
DOT/USDT
Polkadot DOT tickers down $4.36 but is still holding onto the bear. The bulls are attempting to stop the drop near $4.22 but have not been successful in getting a significant bounce.
This raises the possibility that the downward trend will resume. On the downside, $4 and then $3.60 serve as the following supports.
Since this zone served as a reliable floor from September to November 2020, the bulls may once more make a valiant effort to preserve it. 
On the upside, the first sign of strength will be a rise above the 20-day EMA ($4.65). After that, the DOT/USDT pair can try to rally to the downtrend line.
This resistance level must be broken by the bulls to indicate a probable trend change.
ETH/USDT
ETH tickers down $1,204 is still trading between the $1,150 support level and the $1,218 level of the 20-day EMA.
This shows that traders are continuing to sell on rallies and that the sentiment is still negative.
Bears will make an effort to lower the price to $1,150. In the immediate term, this is a crucial support to keep an eye on because if it breaks, the ETH/USDT pair will complete a bearish head and shoulders pattern and might fall as low as $1,075.
The bulls have successfully defended this level twice before, so they might try it again. If they are successful, the pair might continue trading in a range between $1,075 and $1,352 for a few more days.
Conversely, if bears drive the price below $1,075, the pair may decline.
MATIC/USDT
Polygon MATIC continues to trade in a wide range between $0.69 and $1.05. It is currently down $0.7689.
On December 30, the bears forced the price below the crucial support level of $0.75, paving the way for a decline to $0.69.
Typically, traders will purchase at the support and sell close to the resistance in a range.
The decline to $0.69 can therefore be aggressively purchased. A significant recovery from this support level would suggest that the MATIC/USDT pair would remain range-bound for some time.
Contrary to what is often believed, a modest bounce off of $0.69 would encourage the bears and increase the likelihood of a breakdown.
If that does place, the pair may begin a new downward trend that might take it as far as $0.52. Bulls must act swiftly if they are to prevent the decline.
ADA/USDT
On December 29, ADA tickers down $0.249 fell below the support at $0.25, showing that the downtrend is still in effect.
The decline has pushed the RSI into the oversold region, pointing to the likelihood of a relief rally or consolidation over the coming days.
In the recent weeks, buyers have repeatedly defended the falling wedge pattern’s support line, and they might try to do so once more.
The bulls attempt to raise the ADA/USDT pair above the 20-day EMA ($0.27) if the price strongly bounces off the support line.
If they are successful, they may ascend to the downtrend line. Conversely, a lack of demand from the bulls will be indicated if the recovery from the support line is brief.
DOGE/USDT
On December 29, the bulls made a feeble effort to protect the critical support at $0.07.
The selling pressure persisted, and on December 30 the major support was breached by $0.07 according to Dogecoin DOGE tickers.
A declining triangle pattern will be completed, which is extremely bad, if it breaks and closes below $0.07.
The DOGE/USDT pair can then carry on falling and try again to find support near $0.05.
The pair can begin the subsequent leg of the downturn if this support crumbles.
Bulls must move the price swiftly back above the breakdown barrier at $0.07 in order to stop the fall.
That might trap the combative bears, leading to a quick crush. The 50-day SMA might be reached first by the pair.
