ONDO Faces Bearish Pressure as DOGE Eyes Parabolic Rally

Bitcoin claimed the $99,000 briefly and is once again trading at $98,000. Dogecoin is poised for a “parabolic rally,” claims analyst Ali Martinez. ONDO is facing a 30% bearish drop if it doesn’t reclaim $1.86. Bitcoin, which was trading around $92K, surged above $99K over the last seven days. Despite expectations of a ‘Santa Rally’ during the Christmas period, the leading cryptocurrency struggled to retain its price above $99,000. At the time of press, Bitcoin is trading at $95,593 with a market cap of 1.89T. After skyrocketing to an all-time high of $108,268.45 earlier this month, investors started to book profits. As a result, Bitcoin dropped below the $100,000 price level, losing its $2 trillion valuation. However, the weekly Relative Strength Index (RSI) is still bullish for Bitcoin at 68.59. The gradient of the line suggests that a correction is prevalent after BTC reached overbought levels earlier. On the other hand, the world’s largest meme coin, Dogecoin (DOGE) is about to witness a “parabolic run,” as pointed out by analyst Ali Martinez. In a recent X post, Martinez highlighted DOGE’s price history, showcasing significant r… The post ONDO Faces Bearish Pressure as DOGE Eyes Parabolic Rally appeared first on Coin Edition .