Related post: A historically accurate 'momentum indicator' predicts a Bitcoin breakout shortly

The price of XRP outperformed and surged above the USD 0.850 resistance level. The price has increased by 9% and is now trading above USD 0.90. The price could target USD 0.965 if it breaks through the next significant obstacle near USD 0.920.

DCR, ONE, LUNA, AR, CEL, and OKB are among the cryptocurrencies that gained over 5%. OHM gained 18% and broke beyond the USD 410 barrier.

Overall, the price of bitcoin is declining, and it is currently trading below USD 47,500. The main support is USD 45,500, which the bears may exploit in the coming sessions.

The Bitcoin (BTC) bulls must break through resistance at $48,500.

On Sunday, the value of Bitcoin (BTC) in US dollars declined by 0.35 percent. Bitcoin concluded the week down 6.81 percent at $46,704, partially offsetting a 1.54 percent rise from Saturday.

Bitcoin fell to an intraday low of $46,458 after a gloomy start to the day. Bitcoin soared to an intraday high of $48,364 in the early afternoon, avoiding the first significant support barrier at $45,770. Bitcoin broke over the first big resistance level at $47,730 before falling back to depths below $47,000 and into the negative.

Despite the recent dip to $41,000 levels, the near-term bullish trend remains intact. A prolonged drop through the 62 percent FIB of $28,814 would be required for the bears to establish a near-term bearish trend.

Bitcoin's dominance peaked at 42.25 percent on Tuesday before plummeting to 40.21 percent on Saturday. Bitcoin's market share was 40.39 percent at the time of writing.

Bitcoin was down 0.22 percent to $46,599 at the time of writing. Bitcoin began the day with a mixed performance, rising to an early morning high of $46,791 before sliding to a low of $46,245.

Early on, Bitcoin did not test the major support and resistance levels.

In 2021, DOGE and SHIB pulled ahead of meme-based assets; both tokens control 85% of the meme-coin economy

It's been a wonderful year for meme-based crypto assets like dogecoin (DOGE), which has seen its market valuation rise by 4,375.9% year-to-date (YTD). On Sunday, December 19, Dogecoin became the largest meme-based cryptocurrency in terms of market capitalization, with a market cap of roughly $22.8 billion. Shiba inu (SHIB) is the second-largest meme coin in terms of market valuation. SHIB, a crypto asset, has gained 46,960,505.7 percent versus the US dollar so far this year.

Both of these coins have sparked the growth of other meme-based crypto assets. With a market size of $591 million, Dogelon Mars (ELON) is now the fifth-largest meme crypto, while Baby DogeCoin (BABYDOGE) is currently the sixth-largest, with a market cap of $258 million.

Elon Musk pumps Dogecoin price by 20%

While dogecoin and Shiba inu have lost value in recent weeks, a large number of meme coins have seen double-digit or even triple-digit growth in the previous seven days.

This week, the wallstreetbets dapp (WSB) token climbed by 177.5 percent, while Solana's cat coin (KITTY) increased by 117.9%.

Jejudoge (JEJUDOGE) has risen 112 percent during the last seven days, while woofy (WOOFY) has risen 47 percent. Other notable meme-coin risers this week include shibavax (SHIBX), which is up 37.2 percent, smugdoge (SMUG), which increased by 24 percent, and spell token (SPELL), which is up 23 percent.

What do you think about the future of meme coins?