š Top 3 Cryptos that Could Drop to New Lows in December
Celesita (TIA), Arweave (AR), and PancakeSwap (CAKE) are exhibiting bearish formations that may lead to new price lows in December.
š¼ Celesita (TIA) Falls After All-Time High:
TIA experienced a substantial 200% surge from November 10 to November 18, reaching an all-time high of $7.42.The fall that followed was anticipated by a bearish divergence in the six-hour RSI, suggesting a potential 20% decline to $4.30.Cryptocurrency trader Dentoshi points out a head and shoulders pattern, indicating further downward movement.
š TIA Price Movement - TIA/USDT Six-Hour Chart.
Arweave (AR) Upward Movement Comes to an End:
AR surged by 150% in 32 days, reaching $9.30 on November 19.A long upper wick, resistance at $8.50, and bearish divergence in the RSI indicate a potential 20% drop to $6.Analyst Rekt Bidding supports this view, suggesting a fall to $6 before a potential 80% increase to $13.50.A close above $8.50 and the descending resistance trend line could invalidate the bearish forecast.
š¼ PancakeSwap (CAKE) Concludes Bearish Cryptos in December:
CAKE saw a rapid 170% surge from October 16 to November 15, hitting $2.85.Failing to sustain this increase, CAKE dropped below the $2.50 resistance, confirming it as a key barrier.Bearish divergence in the RSI and a breakdown from a short-term ascending support trend line signal potential lows.
ā ļø Caution: Cryptocurrency markets are dynamic. Breakouts or confirmations of bearish trends may alter these predictions.
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