As Bitcoin ranges closer to $100,000, traders watch DOGE, SUI, PEPE, and FTM.

Bitcoin (BTC) continues to witness a fierce battle between bulls and bears at the $100,000 level. CryptoQuant contributor Percival said in a Dec. 6 Quicktake blog post that Bitcoin’s weekly strength is wearing off, suggesting consolidation over time.

Short-term uncertainty and choppy price movements have not changed analysts’ long-term optimism about Bitcoin. WeRate co-founder Quinten François said in a post on

Along with Bitcoin, the prices of several altcoins rose due to Donald Trump’s victory in the US presidential election. However, Felix Hartmann, managing partner at Hartmann Capital, said in a post on

As Bitcoin enters a period of consolidation, will select altcoins continue to outperform in the near term? Let’s take a look at the top five cryptocurrencies with strong chart structures.

Bitcoin Price Analysis

Bitcoin faces resistance near the psychologically important level of $100,000, but the bulls are not rushing to the exit.

A tight consolidation near $100,000 improves the prospects for an upside breakout. The bullish momentum could strengthen if buyers push the price above $104,088, and the BTC/USDT pair could surge to $113,331 and then $125,000.

The 20-day exponential moving average ($95,285) is an important near-term support level to watch. A breakdown of this level would suggest that bulls are in a hurry to book profits. The pair may fall towards $90,000 and then towards the 50-day simple moving average ($84,110).

The pair is trading above its moving averages, indicating that the bulls have a slight edge. The upward move is expected to face strong resistance in the $101,900-$104,088 area. A breakout of the area could push the price higher towards $113,331.

Conversely, a close below the moving average could tempt a short-term bull market to take profits. This will likely push the price up to $90,000 to attract buyers. If the price bounces from $90,000 and rises above the moving average, it will signal a range formation. The pair could trade between $90,000 and $104,088 for some time.

Dogecoin price analysis

Dogecoin (DOGE) is rising within a rising channel pattern, indicating that buyers have the upper hand.

The bulls tried to push the price above the overhead resistance of $0.48, but the bears held on. If the price rises from the current level or the 20-day EMA ($0.41), the bulls will again try to push the DOGE/USDT pair higher towards the channel resistance. The bears are expected to do their best to defend the resistance line because if it breaks through, the resistance line could soar to $0.60.

If bears want to stop an advance, they will need to pull the price below the channel support line. The pair could then fall to its 50-day SMA ($0.30).

The pair has support at the 20-EMA, which indicates positive sentiment. The bulls will again attempt to clear the $0.48 overhead hurdle. If successful, the pair could rise up to the channel’s resistance line. If the price breaks sharply from the resistance line and falls below the 20-EMA, it would be a sign that the pair could remain inside the channel for some time.

Conversely, a breakout and close above resistance would signal the start of the next upward leg towards $0.60.

sui price analysis

Sui (SUI) is finding resistance near $4.50, but the bulls haven’t given much to the bears. This means buyers expect a continued uptrend.

The SUI/USDT pair may fall to $3.94 and then to the 20-day EMA ($3.66). If the price bounces off the 20-day EMA, bulls will try to overcome the $4.50 hurdle. If that happens, the pair could begin the next phase of its uptrend towards $5.31.

A minor concern is that a negative divergence is developing in RSI. When the price falls below the 20-day EMA, it is a sign that the bull market is making profits. The pair could then fall to its 50-day SMA ($2.93).

If the bulls fail to push the price above $4.50, it could fall to $4. This is important support to watch out for, as a strong bounce increases the likelihood of a rally above $4.50.

Conversely, a decline and close below $4 suggests bears are trying to get back into the driver’s seat. The pair may then slide towards the 50-SMA. If this support breaks, the pair could fall to $3.

relevant: Here’s what happened in the cryptocurrency industry today

Pepe price analysis

Pepe (PEPE) has reached the resistance level of $0.000027, where bulls and bears are likely to compete for supremacy.

The 20-day EMA ($0.000021) is showing an upward trend and the RSI is in the overbought zone, indicating an advantage for buyers. If the uptrend holds above $0.000027, the PEPE/USDT pair could surge to $0.000035 and then to $0.000044.

Contrary to this assumption, if the price falls from $0.000027, it would be a sign that the bears are fiercely defending. The pair could then fall towards the 20-day EMA. For sellers to gain the upper hand, they need to drive the price below the 20-day EMA.

Bears took the price below $0.000024, but bulls bought down to the 20-EMA. The bulls are trying to push the price back above $0.000027. If successful, the pair could soar to $0.000035.

Time is running out for the bear. A rebound would require the price to quickly fall below the moving average. The pair could then slide towards strong support near $0.000017.

Phantom Price Analysis

Phantom (FTM) broke above the overhead resistance of $1.23 on December 2 and bulls thwarted the bears’ attempts to bring the price back below the breakout level. This suggests solid buying on dips.

The rising 20-day EMA ($1.09) and RSI in overbought territory indicate that buyers have the upper hand. The bulls will try to push the price up to $1.68, which is likely to act as a stiff hurdle. However, if buyers push the price above $1.68, the rally could extend to $2.

An important support level to watch for a downside is $1.23. A close below this support line would indicate that the bullish momentum is waning. The FTM/USDT pair may fall towards the 20-day EMA.

The pair bounces off the 20-EMA, indicating a solid buy whenever it falls slightly. If buyers push the price above $1.39, the pair could resume its upward trend towards the next target of $1.68.

Alternatively, if the price declines sharply from $1.39 and falls below the 20-EMA, it would be a signal that the bears are active at higher levels. The pair may then fall towards the 50-SMA. A drop below the 50-SMA could tilt the short-term advantage in favor of the bears.