With December only a few months away, investors holding Ethereum (ETH), Shiba Inu (SHIB), and Pomerdoge (POMD) are becoming skeptical about their potential price movements. Let’s look at their current price movements and what analysts have to say.
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Ethereum (ETH) Struggling With Bearish Pressure
The Ethereum coin is trading below both the $1,670 mark and the 100-hourly Simple Moving Average. The altcoin is currently struggling to surpass the $1,680 and $1,700 thresholds. As of press time, Ethereum (ETH) is valued at $1,659.74, a decrease of 0.05% over the last 24 hours.
Ethereum bulls are aiming for resistance at the $1,670 level. If they succeed, the price of Ethereum could climb higher and attempt to surpass the resistance at the $1,700 zone. Meanwhile, surpassing this level would spark a major recovery for the altcoin.
However, if the Ether falters in surmounting the $1,700 resistance, it could then drop to the $1,640 level. Nevertheless, analysts are bullish and believe the Ethereum price could trade between $2,079.48 and $2,392.52 by December.
Shiba Inu (SHIB) Price Forecast For December
Shiba Inu’s price has dropped from recent highs with declining trading volume, which is typically a bearish sign. However, the drop in the trading volume could be beneficial to the Shiba Inu coi. The drop in trading volume translates to reduced liquidity.
This means that an increase in buying power could drive the Shiba Inu price up significantly. On the other hand, if a surge of sellers enters the market, it could cause a sharp downward movement. This could affect the meme coin’s price greatly.
Currently, the price of Shiba Inu (SHIB) is $0.00000809, a 1.14% price decline in the last 24 hours. Nevertheless, analysts are bullish on Shiba Inu. Tradingbeasts have forecasted the memecoin to trade between $0.0000087 and $0.0000127 by December 2023.
Pomerdoge (POMD) Eyeing $0.15 By December
Pomerdoge (POMD) has emerged as a breath of fresh air in the crypto and gaming space. Notably, the project has managed to capture the community’s attention through its play-to-earn gaming ecosystem. Also, the growing interest in Pomerdoge has led to the sale of over 150 million tokens.
We have officially raised over $1,500,000
There are hundreds of orders in pending since the price is increasing in 3 hours we expect this to significantly rise before the price increases to $0.01https://t.co/3Hm1hYrira pic.twitter.com/NLAYMc7vDH
— Pomerdoge (@pomerdoge) August 25, 2023
Experts are predicting even more significant price surges as the project continues to progress. Central to Pomerdoge is the Pomergame, a forthcoming play-to-earn crypto game. Within this game, players will be able to enhance their in-game characters to elite levels.
What truly sets Pomerdoge apart is its unique marketplace called Pomerplace. This marketplace will enable players to monetize their achievements by trading skins, items, and valuables. Additionally, Pomerplace will function as a battle arena for gamers. At present, Pomerdoge’s native token is available for purchase at a mere $0.009.
Intriguingly, analysts have foreseen a remarkable 17x surge prior to the culmination of the presale. Besides, Pomerdoge will capitalize on the ever-expanding online gaming market. With such substantial support, the Pomerdoge token could reach $0.153 by the end of December.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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