The wider crypto market is still deep in the red, with Ethereum and Dogecoin among those coins that are experiencing losses. Ether is about to fall below the $3,000 mark, and DOGE is clinging to a major support zone.
In separate project updates, Digitap ($TAP) has been promoted by its team as an early-stage token sale. The project says it has raised $2 million in funding and sold 123 million tokens. References to potential future price performance are speculative and should be treated as such.
Ethereum Bulls Hold $3,200 Support: Can ETH Recover?
The Ethereum price has fallen over the past week. According to CoinMarketCap data, the ETH price decreased 11.3% on the weekly chart, with a low near $3,061. Despite the Ethereum price returning to the $3,200 zone, it remains under pressure.
The 14-day RSI has decreased to 34, which can be read as a sign of weakening momentum. Additionally, investors’ sentiment is very low, given that the Fear and Greed index has dropped to 10, indicating extreme fear.
Still, analysts like Cas Abbe note that the price of Ethereum could rise to higher levels after the December 3 Fusaka upgrade, though such scenarios are uncertain. The analyst referenced the price movement that followed the Pectra upgrade as a comparison point.
Another expert, Marzell, notes that the Ethereum token may be approaching a potential reversal area after falling to the $2,930–$3,030 support level.
The expert added that the price of ETH would need to move above $3,180 and $3,350 to support a more sustained recovery scenario, while noting that these levels are not guarantees of future performance.
Dogecoin (DOGE) Eyes Potential Rebound To $0.18
The Dogecoin price dropped into a short-lived consolidation and then bounced off the $0.155 area. Per CoinMarketCap data, the memecoin is down 11.2% on the weekly chart.
To sustain the upswing, some traders are watching $0.165 and $0.175 as potential resistance areas. Conversely, a breakdown below $0.15 could be associated with further downside.
Waleed Ahmed forecasts that the Dogecoin price may move higher over time, while emphasizing that forecasts can be wrong. In the short run, BitGuru notes that Dogecoin is showing signs of a rebound.
The analyst also said the price of DOGE may rise toward $0.18 if key support levels hold, though this remains a speculative scenario rather than a certainty.
Digitap Outlines an All-in-One Fintech Approach
Digitap describes itself as an all-in-one fintech platform focused on cross-border payments. In its materials, the project says it combines features such as a fiat account, a multi-chain crypto wallet, and a card product within a single interface.
The project says its app is available on Google Play and the App Store and includes features such as crypto-fiat swaps, FX transfers with IBAN accounts, stablecoin support, and on/off-ramps across multiple cryptocurrencies.
Digitap also says it supports users and businesses that want to send or receive funds in fiat or crypto. Any account, identity-verification, and feature availability may vary by jurisdiction and provider requirements.
Digitap has published links to third-party audit reports from Coinsult and SolidProof. Audit reports typically address specific technical scopes and do not eliminate risk.
$TAP Token: Project-Reported Utility and Program Details
According to Digitap, the $TAP token is intended to support activity on the platform, including items such as fee programs, staking features, reward tiers, and governance. Any staking yields or rewards described by a project can change and may carry additional risks for participants.
The project also states that it may conduct buybacks and token burns, which it presents as part of its tokenomics. Such mechanisms do not guarantee outcomes and should not be interpreted as assurances of future value.
Digitap’s materials include token-sale pricing and stage information. Any stated future pricing targets or projected percentage increases are promotional statements and are not verifiable guarantees of performance.
Project Links (for reference)
Project page: https://presale.Digitap.app
Social: https://linktr.ee/DigiTap.app
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned. Crypto assets are volatile, and readers should consider risks carefully and do their own research before making decisions.
