Binance Coin, Sui, and Dogecoin Price Predictions as Bitcoin Nears All-Time High

Cryptocurrency prices remained on edge as Bitcoin neared the all-time high of $109,200 and the fear and greed index approached the important greed zone of 60

Cryptocurrency prices remained largely unchanged on Monday evening as Bitcoin hovered around the all-time high of $109,200. The fear and greed index also approached the important greed zone at 60 points.

Meanwhile, investors are now waiting for the potential approval of a Strategic Bitcoin Reserve, which is expected to boost prices. In this line, here are the predictions for some top cryptocurrencies like Binance Coin, Sui, and Dogecoin.

Binance Coin (BNB) price peaked at $792.96 on December 4, and it later pulled back to trade at $692. This happened even as the Binance Smart Chain network fired on all cylinders with surging DEX volume.

On the other hand, the BNB coin price dropped sharply from the 50-day moving average, which is a bullish sign. At the same time, there are signs that it has formed a rising wedge chart pattern, which is made up of two ascending channels.

The two lines are yet to get to their confluence levels, and this means that the ongoing consolidation will continue. As a result, the short-term outlook for the Binance Coin is neutral, and it will trade between the support and resistance levels at $700 and $775, respectively.

In case of a bearish breakout, the coin might drop to $600. On the positive side, the BNB price has formed a cup and handle pattern on the weekly chart, which is one of the most bullish chart patterns. If this pattern plays out, we can expect the coin to jump to over $1,000.

Sui (SUI) price has been in a strong bullish trend in the past few months, making it one of the best-performing coins in the cryptocurrency industry. The token soared from $0.466 in August last year to trade at $5.3647.

This surge also coincided with the growing volume in its DeFi and DEX ecosystems. As we can see from the daily chart below, the SUI token price has moved above the 50-day moving average, which is a bullish sign.

The coin has formed an ascending channel and has just moved above its lower side. It has also remained above the Ichimoku cloud indicator, which is another bullish sign.

Therefore, we expect the Sui price to continue rising as buyers target the crucial resistance at $5.3647, which is about 13% above the current level.

Dogecoin (DOGE) price rose as the odds that the Securities and Exchange Commission will approve a spot DOGE ETF jumped. As we know, Rex Shares, an asset manager with over $8 billion in assets, filed for a DOGE fund.

However, Dogecoin has struggled a bit after several organizations fled lawsuits against Elon Musk’s Department of Government Efficiency. On the positive side, the coin has moved above the 50-day moving average and the Ichimoku cloud indicator, which is a bullish sign.

Therefore, we expect the Dogecoin price to continue soaring as bulls target the key resistance at $0.50, which is the 61.8% Fibonacci extension level.