A crypto analyst has noted that XRP has finally broken out of its long consolidation phase, signaling the onset of a major price rally. He further predicts that the XRP price is on the verge of ending an 11-year SuperCycle, which could pave the way for a surge to $3.4 once finalized. SuperCycle To Trigger $3.4 Surge Skyrexio, a TradingView crypto analyst, has released an XRP price analysis, forecasting a possible increase to $3.4. In the chart analysis, Skyrexio disclosed that XRP has recently broken out of its four-year consolidation period, potentially signaling the start of a bullish uptrend. Related Reading: Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin: What This Means For Price Unsurprisingly, the total duration of the consolidation period coincides with the number of years XRP has been involved in a legal battle with the United States Securities and Exchange Commission (SEC). Following the lawsuit, the XRP price crashed significantly, staying range-bound for years as it struggled with legal and regulatory challenges. Notably, Skyrexio’s bullish forecast for the XRP price relies on the Elliott Wave Theory, a technical indicator that predicts price movements of an asset by identifying recurrent long-term price patterns. The analyst noted that XRP’s first Elliott Wave began in 2013, almost 11 years ago. After that, the cryptocurrency experienced a price correction, followed by the legendary Wave 3. Over the last three years, the price of XRP had been trading sideways, failing to experience gains that would push its price significantly above the $0.5 mark. Skyrexio has revealed that this prolonged sideways movement can be interpreted as a corrective triangle pattern in Wave 4. The analyst revealed that XRP has successfully broken out of this triangle pattern, signaling the end of its correction phase. He suggests that the cryptocurrency is now in Wave 5, the last wave of its first global SuperCycle. Based on XRP’s Elliott Wave analysis, Skyrexio has outlined two bullish targets for the XRP price. The analyst forecasts that XRP could rise between $2.5 and $3.8 at the end of this SuperCycle. He emphasized that the higher price target at $3.8 is more likely to be achieved, as historical data shows that in 90% of cases, Wave 5 experiences a higher high than Wave 3. Concluding his analysis, Skyrexio pointed out key bullish indicators on his price chart, including a bullish reversal bar and green dot at the end of Subway C. He suggested that these bullish signs, appearing on the monthly time frame, are strong indicators of a potential upward move that could drive the XRP price to its final bullish target. Related Reading: Bitcoin Golden Multiplier Ratio: Analyst Says The Party Is Just Getting Started Update On XRP Price Dynamics The XRP price has achieved a monumental milestone for the first time in years. In just one week, the cryptocurrency rallied by 101.77%, experiencing significant price gains following Donald Trump’s win in the US presidential elections this month. Earlier this year, the price of XRP was stuck in the $0.5 range, experiencing slight gains but unable to break past this critical resistance level. Now, the cryptocurrency has doubled its price and is trading above $1, a historic feat that has caught the attention of the broader crypto community. As of writing, XRP has gained another 10.1% and is priced at $1.16, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin, which started as a joke, has long been the undisputed king of meme coins and has garnered a huge following since its creation. In a recent analysis shared on the social media platform X, crypto analyst Master Kenobi presented a compelling case for Dogecoin as a superior cryptocurrency compared to Bitcoin. Exceptional Historical Performance […]
Crypto analyst CryptoCon recently alluded to a Bitcoin ‘Golden Multiplier Ratio,’ which he suggested paints a very bullish picture of the Bitcoin price. Based on this, the analyst remarked that the party was just getting started, indicating that the flagship crypto is likely going much higher. Bitcoin Golden Ratio Multiplier Indicates Price Is Going Higher In an X post, CryptoCon highlighted how the Bitcoin Golden Multiplier Ratio indicates that the price is going much higher. He cited level 5 of the Golden Ration Multiplier, which he claimed is dual-purpose for the mid-top and cycle top. The analyst mentioned that Bitcoin formed the mid-top at level 5 in March earlier this year when it reached its previous all-time high (ATH) of $73,000. Related Reading: Here Are The Factors That Could Drive The Dogecoin Price To $1 This Bull Market CryptoCon further mentioned that it seems likely that Bitcoin will hit this level again before this market cycle is over. The analyst added that the level 5 band has increased to $122,000, and it is still climbing. In line with this, he remarked that the party is just getting started, indicating that the Bitcoin rally could still rally way higher and even reach this $122,000 target. In an earlier X post, CryptoCon also used the Magic Bands indicator to provide insights into Bitcoin’s price action and how high it could reach in this bull run. He said Bitcoin is racing to meet level 3 of the Magic Bands at $98,720. He added that the bands are set to rapidly expand to the upside as they adjust for the volume beyond the ATHs. Based on this, the analyst said that the cycle top target is now $134,000 and that the Bitcoin price could gain $1,000 weekly. CryptoCon remarked that he anticipates the cycle top sometime in late 2025. That means there is a lot of time for the bands to expand to higher prices, indicating that the Bitcoin price could rise higher. BTC Primed To Reclaim Local Highs Crypto analyst CrediBULL Crypto stated that the Bitcoin price looks primed to move to the local highs as long as the $87,700 level isn’t breached. The analyst also mentioned that a clear and impulsive move above the local highs at $93,800 would send Bitcoin above $100,000, making the possibility of dropping to $72,000 unlikely until the next bear market. Related Reading: Major Hindrances To Dogecoin Price Hitting $1 According To This Crypto Analyst However, if that clear and impulsive move doesn’t happen, CrediBull Crypto stated that it would imply that the move is corrective and makes the odds of retesting the range between $70,000 and $72,000 exponentially higher. He suggested that BTC could even drop below $70,000. At the time of writing, the Bitcoin price is trading at around $91,200, up almost 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Another DOGE rally may be imminent after the Dogecoin price flashed a bullish pattern on the hourly chart. This has raised the possibility that it could rally to the psychological $1 price level soon enough. Dogecoin Price Flashes Bull Flag On Hourly Chart In a TradingView post, crypto analyst Skidad revealed that the Dogecoin price […]
The Dogecoin price is currently correcting after two weeks of intense price upticks that saw it reach $0.426 for the first time since its massive 2021 bull run. However, as is normal after such a crazy rally, the Dogecoin price now seems to be undergoing a brief correction as a few holders start taking profits […]
Crypto analyst Ash Crypto has revealed that Bitcoin has entered the ‘thrill’ phase. The analyst further explained what to expect from the flagship crypto moving forward, having entered this phase of the bull run. What To Expect From Bitcoin In ‘Thrill’ Phase In an X post, Ash Crypto revealed that Bitcoin is entering the thrill phase. Based on this, he told market participants to expect high volatility and more liquidation. Overall, the analyst remarked that the Bitcoin price trend will be to the upside as it continues to hit new all-time highs (ATHs). He predicts that BTC will rally to as high as $150,000. Related Reading: Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News His accompanying chart showed that the thrill phase of the market cycle is when investors and traders may get overexcited about the bull rally and decide to go all in with leverage. However, as Ash Crypto indicated, this could go wrong since there will be a lot of liquidations during this period. Despite this being a bull market, the Bitcoin price has, at different times, corrected after reaching new highs and flushing out over-leveraged longs in the process. Alex Thorn, Head of Research at Galaxy Research, also explained earlier in the year that bull markets aren’t straight lines up and that significant price corrections are expected. However, in the long run, the bears get the short end of the stick in a bull run as prices trend upwards. Crypto analyst Ali Martinez recently revealed that over $800 million will be liquidated if Bitcoin rebounds towards $93,000. This is a price level that BTC just reached two days ago as it rallied to a new ATH of $93,400. The Bitcoin price has since corrected and dropped below $90,000. This was partly due to the US PPI inflation data, which was higher than forecasted. That development has cast some doubts about whether the Fed will be willing to further cut interest rates in December. More Price Correction In The Short Term? Ali Martinez suggested that the Bitcoin price could experience further declines in the short term. In an X post, the crypto analyst said that the daily Relative Strength Index (RSI) shows that Bitcoin is in overbought territory, which typically signals a potential price correction ahead. Related Reading: Here Are The Factors That Could Drive The Dogecoin Price To $1 This Bull Market This price correction could also happen as Bitcoin investors look to secure profits. Martinez revealed that $5.2 billion in BTC profits have been realized and that the sell-side risk ratio has surged to 0.524%. He warned market participants to stay alert and proceed with caution. Bhutan Government falls among whales that are already securing profits as they recently sold $33 million worth of BTC, just weeks after selling $66 million BTC. At the time of writing, the Bitcoin price is trading at around $87,780, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
A crypto analyst, identified as ‘Trading Jesus’ on X (formerly Twitter), unveiled the roadmap for the Dogecoin price to reach $1. By highlighting Dogecoin’s resistance and support levels, the analyst has underscored the major hindrance to the meme coin hitting the $1 milestone. Dogecoin Price Roadmap To The $1 Target In his X post, Trading Jesus shared a Dogecoin chart on the 1-hour timeframe showing the support and resistance levels as the Dogecoin price aims for the $1 mark. Currently trading at $0.36, the crypto analyst has indicated that the next resistance level for Dogecoin is $0.44. Related Reading: Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout This crucial level could trigger major selling pressures for the meme coin as investors start liquidating their holdings. However, if Dogecoin can successfully break above the $0.44 level, the meme coin could enter a bullish phase, with its next price high at around $0.56. Trading Jesus has highlighted the $0.56 price increase as a profit-taking level at which traders and investors could begin selling their Dogecoin for potential gains. The analyst has also pinpointed a higher resistance level at $0.73336 if Dogecoin can maintain its bullish momentum above that level. At the $0.73336 resistance level, Trading Jesus has predicted that Dogecoin could see its price surging to the highly coveted $1 milestone. His chart revealed Dogecoin’s next bullish target to be $0.996 if its price continues increasing. On the flip side, Trading Jesus has also shown the support levels for Dogecoin if it fails to break past key resistance levels. The first support at $0.34 represents a crucial level where buyers might step in if the price of Dogecoin drops. This support level ultimately acts as a barrier to prevent more price drops. If Dogecoin declines below the $0.34 support level, the cryptocurrency could experience further downward pressure, leading to a drop towards the $0.25 mark. If more pullbacks occur, Trading Jesus has revealed that the Dogecoin price could bottom to new lows around the $0.18 level. Analyst Remains Bullish Despite DOGE’s 8% Price Decline While analysts foresee the Dogecoin price hitting $1, others have predicted even higher all-time highs for the popular meme coin. A crypto analyst known as the ‘Cantonese Cat’ on X has unveiled a weekly DOGE price chart projecting a potential leap to $4. Related Reading: Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News In the chart, the analyst indicated that Dogecoin is on its way to hitting the $0.42 price level at the 0.786 Fibonacci level. Breaking past this level could trigger a surge towards the 1.618 Fib, representing a price increase above $4.0. The Cantonese cat has revealed that investors and traders likely have three to four weeks to accumulate at Dogecoin’s current price of $0.36 before it shoots up to $4. Featured image created with Dall.E, chart from Tradingview.com
The Bitcoin volume has experienced a severe crash amidst its initial price momentum, falling by approximately 27% and triggering a subsequent decline in the value of the pioneer cryptocurrency. This significant drop in volume has caught the attention of market participants, as a crypto analyst is discussing the mechanics and significance of a decline in Bitcoin and whether it indicates a Distribution or Accumulation phase. Bitcoin Price Falls As Volume Plummets 27% Data from CoinMarketCap has revealed that the daily trading volume of Bitcoin has crashed 26.46%, pushing the value to $85.89 billion. This significant decline in the Bitcoin volume coincides with a broader correction in the cryptocurrency’s price. Related Reading: Here Are The Factors That Could Drive The Dogecoin Price To $1 This Bull Market In the last 24 hours, BTC has experienced a price pullback to $87,848, as of writing. The cryptocurrency was previously trading above $90,000, but has recently declined by 2.87%. This plummeting volume often indicates a reduced market interest or lack of enthusiasm. However, this may not be the case for Bitcoin, as the cryptocurrency has been experiencing high market activity due to the just-concluded US Presidential elections that resulted in a Donald Trump win. The more likely reason for the decreased volume could be a market consolidation, where the price of Bitcoin could stabilize before a potential breakout. Supporting this, a crypto analyst, ‘Personal Trader,’ stated that the market has entered a phase of decline, where Bitcoin could enter its last correction period before moving toward the $100,000 milestone. BTC Price Decline May Indicate A Distribution Or Accumulation Phase Given the recent decline in Bitcoin price and volume, a crypto analyst identified as ‘IonicXBT’ has taken to X to identify and discuss the significance of this decline using two main trends exhibited in a Bitcoin market cycle: the Accumulation and Distribution phases. Related Reading: Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout The Accumulation phase is when smart money, including investors or institutions, starts to buy Bitcoin. During this phase, prices tend to be low or have stabilized after a decline. Additionally, Bitcoin’s trading volume increases in the same period as buyers step in to push prices higher. Moreover, every upward price movement tends to showcase a strong volume, indicating increased buying pressure. In contrast, the Distribution phase is when smart money are selling or distributing their Bitcoin. During this phase, prices may have peaked or are being seen as overvalued. The volume of BTC rises while its price falls, signaling intense selling pressure. Moreover, price spikes accompanied by low trading volume suggest a weak buying interest, a red flag that indicates that smart money are exiting the market. Based on these Bitcoin phases, IonicXBT has revealed that he will call the Bitcoin market top and bottom soon. The analyst has shown that Bitcoin is currently not in its distribution phase, which means it is still a “buyer’s market,” suggesting the potential for future price increases. Featured image created with Dall.E, chart from Tradingview.com
Bullish sentiment is at its peak and crypto market participants are projecting a continued upside for the Dogecoin pice in the coming weeks and months. According to crypto analyst Ash Crypto, the crypto market is going to continue on this run into the next six to twelve months. Notably, he projects the Bitcoin price reaching between […]
Driven by bullish market sentiment following Donald Trump’s win in the concluded US Presidential election, the Dogecoin price has been steadily increasing, aiming to break through the $0.4 resistance level. A crypto analyst of Trading View has discussed several factors that could propel the Dogecoin price even higher, potentially hitting the $1 mark in this bull market. Key Drivers To Send The Dogecoin Price To $1 A recent post on TradingView discusses the potential for the Dogecoin price to soon hit the coveted $1 milestone. Presenting compelling factors, the report suggests that Dogecoin could see its price surging to $1 with the influence of SpaceX and Tesla CEO Elon Musk. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins To put it more clearly, TradingView has revealed that Musk’s steadfast support and devotion to DOGE could allow the meme coin to steadily grow to a $130 billion market capitalization, representing a $1 price surge. In addition, Dogecoin‘s increasing popularity in the financial space is also set to catalyze a potential price surge. Currently, Dogecoin is one of the most talked-about meme coins in the market, as the cryptocurrency has among the top gainers in this bull market. With more users and investors flooding into the DOGE ecosystem, demand and adoption are poised to rise, potentially triggering a major price spike. According to CoinMarketCap, the Dogecoin price has increased by a staggering 250% in just one month. This massive price surge saw the meme coin jump from around the $0.2 price level to new highs around $0.4. TradingView’s report noted that many analysts foresee the Dogecoin price hitting the $1 price tag in the near future. Notably, Jeremy, a prominent crypto analyst, told his 180,300 followers on X (formerly Twitter) that the Dogecoin price is gearing up to reach $1, driven by Musk’s support and the integration of the meme coin in America’s economy. Other X crypto analysts like ‘Bark’ have projected even higher price surges for DOGE, believing it could rise to $10. DOGE Outperforms Bitcoin During its report, TradingView also revealed that the Dogecoin price is currently outperforming Bitcoin by 150%. As mentioned earlier, Dogecoin has been on a parabolic run recently, jumping 110% in just one week while still accumulating gains as of writing. TradingView’s report revealed that following Trump’s Presidential win in the concluded US election, the Dogecoin price rallied 180%. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? This massive price surge outperformed Bitcoin, which grew only 30% within the same period. While Bitcoin’s price is significantly larger than DOGE and has successfully achieved a new ATH, DOGE, with a lower price of around $0.4, is viewed as a more accessible and profitable option for smaller investors. Despite the clear gains in the Dogecoin price, analysts from TradingView caution against jumping headfirst too quickly. They warn that downturns remain possible and low prices can be deceptive. Featured image created with Dall.E, chart from Tradingview.com
The Bitcoin price has soared to a new all-time high, driven by the bullish sentiment generated by the Donald Trump effect following the just-concluded US Presidential elections. The last time Trump won the US election in 2016, Bitcoin experienced a similar bullish reaction, surging to new ATHs around that time. The Trump Effect On The […]
Crypto analyst MadWhale has predicted that the Shiba Inu price could suffer a significant crash soon enough. Based on the analysis, this price correction is simply a healthy retracement that could pave the way for SHIB to reach new highs. Shiba Inu To Suffer A Major Price Crash In a TradingView post, MadWhale predicted that Shiba Inu could suffer a major price crash soon enough. According to the analyst, SHIB could decline further to the next lower Fibonacci support level. The analyst’s accompanying chart showed that this Fib support level is just above the psychological price level of $0.000020. Related Reading: Can Dogecoin Price Reach $1 By Year End? Here’s What The Fibonacci Levels Say However, the analyst is still bullish on Shiba Inu in the long term despite the possibility of this price crash. MadWhale stated that they anticipate a renewed upward movement following the potential dip, leading to a price recovery and subsequent price increases. The accompanying chart showed that the Shiba Inu price could rally to $0.00003200 on the first leg of this recovery. MadWhale also provided insights into why they are bullish on Shiba Inu’s long-term trajectory. The analyst stated that a significant influx of trading volume has entered the market for SHIB. Furthermore, they claimed that the meme coin is backed by one of the largest media platforms and communities in the global crypto space, which enhances its influence and market visibility. A price correction also seems likely for Shiba Inu, especially if the Bitcoin price were to correct following its recent parabolic rally past $90,000. IntoTheBlock data shows that the Shiba Inu price correlation with Bitcoin is at 0.91, which indicates a strong positive price correlation between both assets. Moreover, Shiba Inu’s recent rally has also been thanks to the parabolic rally that the Dogecoin price has enjoyed, given their price correlation. Therefore, with crypto analysts like Kevin Capital predicting that DOGE will witness a price drop soon, SHIB could also follow suit. SHIB Could End The Year At $0.0000444 In an X post, crypto analyst Investing Haven predicted that Shiba Inu could rise to $0.0000444 by year-end. The analyst stated that this price target aligns with the 25% Fibonacci retracement. Furthermore, Investing Haven noted that October’s predicted dip to $0.0000144 saw buyers step in at $0.0000158, reinforcing a bullish setup. Related Reading: Dogecoin Price To $20? Higher Montly Close Suggests 8,000% Run Is Possible Meanwhile, Investing Haven also stated that Shiba Inu’s strength signals an ultra-bullish 2025. The analyst’s accompanying chart showed that SHIB could rally to $0.00007436 sometime next year. This target is still below Shiba Inu’s current all-time high (ATH) of $0.000088. However, crypto analyst Javon Marks predicted that SHIB would still rally to its ATH and surpass it. At the time of writing, Shiba Inu is trading at around $0.00002642, up over 11% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price is again eyeing a parabolic rally that will put the meme coin in price discovery and send it to new highs in this market cycle. Crypto analyst Mikybull Crypto indicated that the Dogecoin price could replicate its 16,000% surge from 2020 as it enters price discovery. Dogecoin Eyes Parabolic Rally To Price […]
The Dogecoin price recently surged 20% after President-elect Donald Trump announced the formation of a new Department of Government Efficiency (DOGE) to be led by Elon Musk and Vivek Ramaswamy. Interestingly, Dogecoin is up by about 250% in the past 30 days, far outpacing that of Bitcoin’s 40% increase in the same timeframe. This Dogecoin price overperformance against the Bitcoin price has seen the DOGE/BTC pair breaking above a descending trendline. Notably, crypto analyst KALEO forecasts substantial gains for Dogecoin against Bitcoin, noting a significant breakout in the DOGE/BTC pair. Analyst Says A 175% Dogecoin Price Surge May Be On The Horizon Crypto analyst KALEO highlighted a promising outlook for the Dogecoin price with his recent analysis of the DOGE/BTC trading pair. According to the price chart shared by the analyst, the Dogecoin/Bitcoin pair has been trending downwards since the first half of 2021. This downward path has been full of lower highs and lower lows, leading to the creation of a channel downtrend on a higher timeframe (HTF). However, the recent performance saw the pair break out of the upper trendline. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? Interestingly, the last time this happened was in early 2021, just before the crazy 175% rally that sent the Dogecoin price surging to the current all-time high of $0.7316. He pointed out that the current Dogecoin price movement reflects similar momentum, suggesting another rapid 175% rise could be imminent. KALEO emphasized that recent market conditions, Dogecoin’s resilience, and growing interest stemming from Donald Trump and Elon Musk’s DOGE’s department have contributed to a favorable setup for a potential rally. “With the way the market has moved recently, and how much strength Dogecoin has shown after Trump was elected and Elon starting to push again, I wouldn’t be surprised to see something similar here,” he commented. Dogecoin Accumulation Points To A Continued Price Surge Aside from the technical analysis of the Dogecoin price breakout above Bitcoin, KALEO also points out an interesting accumulation trend in the last 48 hours after the breakout. As it stands, the DOGE/BTC pair seems to be taking a breather and is now consolidating within a range. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins He noted that the current accumulation phase is taking place just above the higher timeframe resistance level, setting a strong foundation for Dogecoin’s next bullish move. This accumulation trend has served as a launchpad in past rallies, and this could also repeat itself soon. The broader crypto market landscape also supports KALEO’s bullish prediction for Dogecoin against Bitcoin. Not only is Dogecoin set to keep outperforming Dogecoin, the projected Dogecoin rally is going to be more pronounced considering the Bitcoin price is also projected to keep climbing. At the time of writing, Dogecoin is trading at $0.401, while Bitcoin is trading at $90,800. Featured image created with Dall.E, chart from Tradingview.com
Veteran trader Peter Brandt has brought fresh attention to DOGE by identifying striking similarities between the current Dogecoin price action and the Bitcoin price movements from 2015-2016. Brandt highlighted these patterns in a recent post on social media platform X, suggesting that Dogecoin could be following in Bitcoin’s early footsteps. Peter Brandt’s Observations On Dogecoin […]
The Dogecoin price is starting to reverse some of its gains it made last week. At the time of writing, the Dogecoin price is down by 9% in 24 hours, but it is in a good place to reverse these losses very soon. Particularly, Dogecoin is still on track to close the month at a very long bullish candle. Notably, crypto analyst Trader Tardigrade highlighted this phenomenon for the Dogecoin price on social media platform X. As pointed out by the analyst, Dogecoin is on track to close November above the previous highest monthly close level. Dogecoin Price To Make Higher Monthly Close Breaking above its previous highest monthly close might seem like a routine move during bullish rallies for some cryptocurrencies, but for Dogecoin, it signals something far more significant. Historically, each time the Dogecoin price exhibits this phenomenon, it has always marked the beginning of a stronger rally. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? Interestingly, this occurrence has been rare in Dogecoin’s 11-year history, making it even more impactful when it does happen. What’s more interesting is that whenever it occurs, it has always gained more than 1,000% in just a few months. The last time the Dogecoin price closed above its highest monthly close was in 2021, which ultimately led to a surge of more than 8,000% in about four months. This surge was what led to the current Dogecoin all-time high of around $0.732. Prior to the 2021 rally, a similar breakout took place in 2017. This earlier instance triggered an impressive 1,000% rise over the course of eight months. What Does This Mean The DOGE? Given these historical patterns, we could as well look forward to a repeat of a powerful rally in the coming months. According to price data, the current highest Dogecoin price monthly close is $0.35 in August 2021. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins At the time of writing, the Dogecoin price is well on track to make a new highest monthly close this November. If history were to repeat itself, we could see Dogecoin surging between 1,000% and 8,000% in the coming months. Such a trend would not only be significant for Dogecoin investors but could also have broader implications for other cryptocurrencies in the meme coin market. As pointed out by Trader Tardigrade, a repeat of the first 1,000% case would see Dogecoin reaching $3.6 by July 2025. On the other hand, a repeat of the extraordinary 8,000% case would see Dogecoin reaching $26.9 by March 2025. Even a price movement between these two scenarios would result in a substantial return. At the time of writing, Dogecoin is trading at $0.372. Although it has retraced about 9% in the past 24 hours, Dogecoin is still up by 140% since the beginning of November. Featured image created with Dall.E, chart from Tradingview.com
Max, the founder and Chief Executive Officer (CEO) of Because BTC, a crypto-focused company, has just disclosed that he has sold off his Dogecoin (DOGE) holdings to buy Pepe tokens. This surprising news comes amid a significant decline in the Dogecoin price, which has fallen 9.8% from its previous high. Crypto Founder Dumps DOGE For […]
So far, the $1 target has been a psychological level that market participants expect the Dogecoin price to reach in this bull run. Based on Dogecoin’s Fibonacci levels, crypto analyst Dj Anas has predicted that the foremost meme coin could even reach this target by year-end. Fibonacci Levels Show That The Dogecoin Price Can Reach $1 By Year-End In a TradingView post, crypto analyst Dj Anas cited Dogecoin’s Fibonacci levels as why he believed the price could reach $1 by year-end. Based on the Fibonacci levels, The analyst remarked that Dogecoin is witnessing a solid push on the support-resistance line between $0.25 and $0.27, which could act as a solid foundation for the upward movement to the $1 target. Related Reading: Bitcoin Price Prediction: Analyst Sets $320,000 Target As Wave 5 Begins Crypto analyst Swallow Premium responded to the post and warned that the Dogecoin price would have to break many resistance levels first if it is to reach this target by year-end. Meanwhile, like Dj Anas, crypto analyst Master Kenobi, who correctly predicted the start of the Dogecoin bull run, has also suggested that the Dogecoin price can reach $1 by year-end. This came as he revealed that Dogecoin was less than 30 days away from completing a 91-day sequence which could lead to the price rally to $1. Master Kenobi further explained that Dogecoin’s current all-time high (ATH) is already slightly above the psychological threshold of a $100 billion market cap, which could propel the Dogecoin price to this target. The accompanying chart he shared shows that DOGE could reach $1 by December 2. Master Kenobi said that the $1 target for the Dogecoin price isn’t just an important psychological threshold but also a major benchmark that validates DOGE’s potential. He added that reaching $1 would mark a new stage in the meme coin’s maturity and solidify its position as an asset with lasting impact. The Next Four Months Could Be Huge For DOGE In an X post, crypto analyst Trader Tardigrade suggested that the next four months could be huge for the Dogecoin price. This came as he revealed that Dogecoin had just surpassed its previous highest monthly close level. The last time this happened, the Dogecoin price recorded a gain of 8,000% in just four months. Related Reading: Shiba Inu Burn Rate Crashes 82% Despite Recovery, Can SHIB Price Still Make It To $0.00008 ATH? Meanwhile, during the 2017 bull run, when this happened, the DOGE price rallied by 1,000% in eight months. As such, Dogecoin could again witness a parabolic rally, just like in 2017 and 2021. The analyst’s accompanying chart showed that the Dogecoin price could rise to $3.6 if it mirrors the 1,000% gain from 2017 and rally to $26 if it mirrors the 8,000% gain from 2021. At the time of writing, the Dogecoin price is trading at around $0.36, down over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Bitcoin price has finally broken out of resistance and is on a journey to the $320,000 threshold, according to a crypto analyst. Notably, the Bitcoin price has now returned into a full bullish sentiment, with the crypto fear and greed index now pointing to extreme greed. In a recent technical analysis, crypto analyst Gert van Lagen identified a bullish pattern in Bitcoin’s price chart, specifically pointing to a confirmed breakout of the classic ‘cup-and-handle’ pattern formation that has essentially kicked off a bullish Wave 5 run. Bitcoin Price Sets Sights On $320,000 As Wave 5 Begins Bitcoin’s price action has been nothing short of impressive in the past few days. Notably, the Bitcoin price has created multiple all-time highs in quick succession, as many investors start to pour in. This sustained demand has created successive bullish candles on both the daily and weekly charts, illustrating a continued strong upward momentum. Related Reading: Dogecoin Price To $1 Soon? Textbook Weekly Golden Cross Shows What’s Coming Next Interestingly, these bullish candle formations have validated what crypto analyst Gert van Lagen called the start of a sub-wave 5 formation. This wave, which is known to be bullish, is expected to be the final sub-wave formation in a larger Elliot wave uptrend that has been in play since January 2023. Supporting the possibility of the wave 5 formation, technical analysis of the Bitcoin price formation shows that the recent price rally has seen Bitcoin breaking out of a cup-and-handle formation. This pattern, which is known to be bullish, has been in formation since 2022. The ‘cup’ portion of this pattern began forming in early 2022 and eventually ended with Bitcoin’s peak above $73,700 in March 2024. The subsequent consolidation phase, which lasted until October, represents the ‘handle’ segment of the pattern. In addition to this, Bitcoin has managed to break free from what van Lagen described as a ‘base 4 step-wise formation,’ effectively shaking off a bear trap. With this breakout now confirmed, van Lagen’s analysis points to a projected target range between $220,000 and $320,000. This range marks what he considers a ‘major sell line,’ which is a zone where profit-taking might intensify as Bitcoin reaches these upper limits. Related Reading: This Crypto Trader Correctly Called Dogecoin Price Break Above $0.3 Back In October, The True Target Will Shock You Current State Of BTC At the time of writing, Bitcoin is trading at $89,500 with a market cap of $1.77 trillion and an all-time high of $89,864, having increased by about 10.5% in the past 24 hours. However, given this trend, this all-time high might not last long. The bullish sentiment and inflow surrounding Bitcoin has been so massive that investors don’t know when to take profit at the moment. The RSI is above 70 on every single timeframe from the daily to the yearly. This shows how strong the buying momentum is at the moment. Nevertheless, the momentum is expected to continue, with the next target at $90,000 and another at $100,000. A move to Gert van Lagen’s target of $220,000 to $320,000 will represent a 145% and 255% increase, respectively, from the current price. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price is racing towards its next bullish target, as an analyst projects a rise to $15 for the number one meme coin. This optimistic price forecast comes as the Dogecoin price breaks out of a legendary Bull Pennant pattern, which the analyst has indicated is a major bullish signal. Dogecoin Price Breaks Out […]
The Dogecoin price has started a fresh climb above $0.4 for the first time in over three years, putting it at levels not seen since the 2021 bull market. Particularly, the meme coin is up by about 55% in the past 24 hours, further relaying the bullish sentiment. Interestingly, this latest move on the technical […]
Crypto analyst Unipcs (Bonk Guy) has predicted the next meme coin that will replicate the recent Dogecoin price rally. The analyst rightly called the Dogecoin surge above $0.4 while predicting that the foremost meme coin could still reach $1. FLOKI Is The Next Meme Coin To Follow Dogecoin Price In an X post, The Bonk […]
Crypto analyst Ali Martinez predicted that the Dogecoin price could rally significantly, leading to double figures for DOGE. This comes as the crypto market continues to trend upward, with Dogecoin standing out as one of the top gainers. Dogecoin Price To Explode And Reach $18 In an X post, Martinez predicted that the Dogecoin price could explode by 4,500% and rally to $18. He stated that this will happen through a test of the middle or upper boundary of the channel, which puts the DOGE target at $2.40 or $18. Dogecoin will need to test the upper boundary to reach the $18 target, while only a test of the middle boundary will put the price at $2.40. Related Reading: Bitcoin Price Signals Bullish Continuation With SuperTrend Rising, Here’s The Next Target After Beating $81,000 In an earlier X post, Ali Martinez offered a more bullish outlook for the Dogecoin price. He predicted that the foremost meme coin could rise to as high as $23.26 in this bull run. He claimed that Dogecoin was about to go “parabolic” and cited historical patterns to prove why such a parabolic rally could happen. Based on historical patterns, the analyst stated that a potential top might lie between 1.618 and 2.272 Fibonacci levels, which would put the Dogecoin price between $3.95 and $23.26. Martinez also alluded to Elon Musk’s impact on Dogecoin when he previously stated that DOGE could reach $23 in this market cycle. The Dogecoin price has been on a massive bull run since Donald Trump won the elections, partly because of Elon Musk’s proposed Department of Government Efficiency (D.O.G.E), which would positively impact the meme coin. For context, the Doogecoin is up 139% since Trump’s victory. Update On The DOGE Bull Run Crypto analyst Master Kenobi, who rightly predicted the start of the Dogecoin bull run, has provided an update on what could happen next for the Dogecoin price. He stated that DOGE could range between $0.33 and $0.40 for a while before it pushes to its current all-time high (ATH) at $0.73. Related Reading: Bitcoin Price Enters ‘Second Breakout Of The Cycle,’ Analyst Puts Peak Above $150,000 The analyst further remarked that there will likely be a potential rejection in the initial phase, which he claimed is welcome. This rejection will then be followed by a consolidation period of around one to two weeks, similar to the previous cycles. The analyst also raised the possibility that the Dogecoin price is already replicating its price action in the last cycle. If so, Master Kenobi remarked that this sets the Dogecoin price for a breakout and strengthens the probability of a continued upward trend. Crypto analyst Trader Tardigrade predicted that Dogecoin could rise to as high as $30 if it mirrors its price action in the 2021 bull run. At the time of writing, the Dogecoin price is trading at around $0.41, up over 48% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
A crypto analyst has identified a new technical indicator in the Dogecoin price chart called the Inverse Head and Shoulders pattern,” believing it could be a strong signal for a bullish surge. Based on this technical pattern and Dogecoin’s recent market momentum, the analyst has set a new bullish target of $10 for the number […]
The Dogecoin price could be gearing up to reach the coveted $1 All-Time High (ATH) as the meme coin has just displayed a rare technical indicator known as the Textbook Weekly Golden Cross. Kevin, the crypto analyst on X (formerly Twitter) who identified this Golden Cross on the Dogecoin chart, predicted that the pattern could set off a price rally toward the $1 mark. Golden Cross Sparks $1 Target For Dogecoin Price The world’s largest meme coin, Dogecoin, has just completed the “Textbook Weekly Golden Cross“ for the first time in four years, signaling that higher prices are likely ahead. The Dogecoin price has been on a major bullish momentum this month, and recent price movements suggest that the cryptocurrency is poised for an even greater price rally. According to Kevin, a Golden Cross typically occurs when the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA on a chart. This 50 MA represents the average price of a cryptocurrency over a shorter term, while a 200 SMA indicates a price average over a longer term. More often than not, during a Golden Cross formation, the shorter-term average moves above the longer-term average, which is usually considered a bullish signal that indicates a possible price uptrend. For the Dogecoin Textbook Weekly Golden Cross, the analyst has suggested that the meme coin could see greater upward momentum to new highs around the $1 price target. Kevin shared a price chart Depicting Dogecoin’s steady rise to new ATHs. With the Dogecoin price currently trading around $0.28, the analyst has highlighted several bullish targets for the meme coin, with some even surpassing the $1 target. Currently, at the 0.618 Fibonacci level, the Dogecoin price is projected to surge to the 0.73838 Fibonacci level at $0.8. Additionally, the meme coin is expected to rise steadily towards the 1.0866 Fib between $0.95 and $1.1. Notably, the crypto analyst disclosed that the last time the Dogecoin price experienced a Textbook Weekly Golden Cross was in 2020, during the previous crypto bull run. Kevin revealed that Dogecoin experienced a dip for weeks during that time, followed by a substantial rally to new ATHs. As a result, the analyst has urged investors to stay cautious, especially in the short term, as Dogecoin could display some volatility or experience a dip before moving upwards. Analyst Says Golden Cross To Drive DOGE Even Higher In another X post, crypto analyst Milkybull Crypto also announced that a Golden Cross has occurred on the Dogecoin weekly chart. However, instead of a $1 price target, the analyst has set a bullish target between $2 and $4 for Dogecoin. The analyst is confident that this bullish price prediction is possible this cycle, as Dogecoin has historically undergone what he describes as ”life-changing rallies“ when this Golden Cross occurs. Currently, the price of Dogecoin is trading at $0.28, marking a 23.24% increase in just one day and an 84.66% surge over the past seven days, according to CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price has been on a crazy inflow trend since the beginning of November. This trend, stemming from an increase in activity, has seen the Dogecoin price now trading at a new 2024 high. Notably, the Dogecoin price recently achieved a significant milestone by reaching the $0.30 mark, a level not seen since August […]
The Bitcoin price trajectory has been nothing short of impressive since the beginning of November. Notably, Bitcoin has been up by about 20.8% from its November low of $67,690, which has allowed it to break into new all-time highs successively. Interestingly, technical analysis of the Bitcoin price suggests this uptrend isn’t stopping soon, and Bitcoin holders can continue to expect gains as the year draws to a close. According to crypto analyst Tony “The Bull” Severino, CMT, the SuperTrend indicator is now pointing to a bullish continuation for the Bitcoin price. What’s more intriguing is the fact that this marks the first time the indicator is rising after 34 weeks of sideways movement. SuperTrend Indicator Points To Bullish Continuation Crypto analyst Tony “The Bull” Severino has added further weight to this positive outlook surrounding the Bitcoin price. According to his analysis, the recent bullish price action has seen the SuperTrend indicator, an indicator often used to gauge market direction, trending upwards for Bitcoin on the weekly timeframe. Interestingly, technical analysis of the Bitcoin price chart on the weekly candlestick timeframe shows that the SuperTrend indicator had been moving horizontally since March 2024 up until recently. Throughout this period, the indicator held steady despite volatility, even during Bitcoin’s downward spike in August, when Bitcoin dipped to $49,600. Even then, Bitcoin managed to recover, finding support on the weekly SuperTrend line. Next Target For The Bitcoin Price Recent market dynamics have seen the Bitcoin price reeling in bullish sentiment. To put this in context, the Bitcoin price has been trading within a range of $78,649 to $81,800 in the past 24 hours, with a trading volume of $83.7 billion, according to CoinGecko. As such, Bitcoin now has an all-time high of $81,800 at the time of writing, although it has corrected a bit and is currently trading at $80,965. Now, with the SuperTrend indicator turning upward, there is a renewed sense of optimism for Bitcoin’s price trajectory. As noted by Tony Severino in another post on social media platform X, the recent uptrend has seen Bitcoin kicking off a new upside move within an uptrend channel that has been in formation since October 2023. Interestingly, the first guaranteed target in light of this upside move is in the middle of the uptrend channel, which Severino highlighted to be $100,000. With Bitcoin currently trading at around $81,000, this target represents a further increase of about 23.5%. However, if the Bitcoin were to reach the upper trendline of this uptrend channel, it would see it reaching the $170,000 price threshold, which would represent a 110% increase from the current price. Featured image created with Dall.E, chart from Tradingview.com
Crypto trader Melika correctly predicted that the Dogecoin price would rally to $0.3 back in October. Interestingly, this was only the trader’s first target, as they also provided higher targets that the foremost meme coin could reach in the short and long term. Dogecoin Price To Rise To $3.80 In The Long Term In the TradingView post, Melika predicted that the Dogecoin price could rise to $3.80 in the long term. The crypto trader gave these price targets back in October based on a cup-and-handle pattern forming on Dogecoin’s chart. This is a bullish continuation pattern in which the price rallies after a consolidation phase. Related Reading: Bitcoin Price Enters ‘Second Breakout Of The Cycle,’ Analyst Puts Peak Above $150,000 Back in October, Melika stated that if the handle pattern completes and breaks upward, the Dogecoin price could reach $0.38 and $0.52 as immediate targets. He added that a breakout above the pattern’s neckline could lead to a long-term price target in the $3.80 area, which aligns with higher resistance levels, which he highlighted on the chart. In a recent update on the October post, Melika confirmed that the trade is still active and that the Dogecoin price is heading toward the target. As such, Dogecoin will likely rally to $0.52 soon enough and then $3.80 in the long term. Crypto analyst Dima James also recently highlighted a cup-and-handle pattern that was forming for DOGE, as he predicted that the Dogecoin price could reach $10. The analyst noted that the meme coin has formed this bullish pattern in every market cycle. Dogecoin rallied over 3,300% in 2016 and 12,000% in 2021 after this cup-and-handle pattern formed. DOGE Completes First Weekly Golden Cross In Four Years Self-acclaimed DOGE lead analyst on X Kevin Capital revealed that Dogecoin has completed the textbook weekly Golden Cross for the first time in four years, with the 50 SMA crossing the 200. The analyst noted that this signals that the Dogecoin price will likely rise soon enough. Related Reading: Can The Donald Trump Win Drive Bitcoin Price To $170,000 This Cycle? He further revealed that in 2020, when the Golden Cross happened, the Dogecoin price dipped for a couple of weeks before surging to new all-time highs. As such, he warned market participants to be slightly cautious in the short term since Dogecoin could again experience a correction, just like in 2020. However, he added that if the Bitcoin price decides to maintain its upward trend, then DOGE will also do so. Meanwhile, in another X post, Kevin Capital opined that a Dogecoin price rally to $3.90 in this market cycle looks unlikely. He added that a rise to $1.80 is also a stretch but can definitely happen depending on Bitcoin’s performance in this bull run. At the time of writing, the Dogecoin price is trading at around $0.28, up over 25% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Trader Tardigrade has highlighted a similarity between the Dogecoin price action and that witnessed in 2020. The analyst further revealed what happened the last time this pattern formed on the Dogecoin chart and what to expect. Dogecoin Price Sees Bi-Monthly Rise To 2020 Levels In an X post, Trader Tardigrade revealed that the […]
The rivalry between Shiba Inu (SHIB) and Dogecoin (DOGE) continues to rage, making headlines and becoming a top discussion among crypto community members. Recently, Investment firm Sistine Research unveiled a Shiba Inu chart analysis, which suggests that SHIB might be poised to outperform DOGE in 2025. The chart analysis points to a possible increase in […]