Bulls keep setting new local peaks, according to CoinMarketCap.

Top coins by CoinMarketCapDOGE/USD

The price of DOGE is unchanged since yesterday.

Image by TradingView

On the hourly chart, the rate of DOGE is near the local support of $0.1041. If the daily bar closes around that mark, the fall is likely to continue to the $0.1030 zone by tomorrow.

Image by TradingView

On the bigger time frame, the situation remains the same, as none of the sides has seized the initiative yet. 

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In this case, ongoing sideways trading in the area of $0.1040-$0.11 is the more likely scenario for the next few days.

Image by TradingView

From the midterm point of view, one should wait until the weekly bar closes. If it happens near the previous candle's peak or above, the accumulated energy might be enough for a test of the resistance of $0.11099.

DOGE is trading at $0.1052 at press time.

The post Best Meme Coins to Buy Now: DOGE, BABYDOGE, JASMY for October Rally appeared first on Coinpedia Fintech News

With the Bitcoin price crossing the $64K mark today, the meme coin rally goes ballistic. As the top names witness a gradual sophisticated rise for a meme coin, the trending coins go for a moonshot. 

With top performers being a mixed lot of DeFi, Layer-1s, and other altcoins, the meme coins take significant space for themselves. So, let’s look at some rising meme coins to buy for a 2x rally in October. 

Trending Meme Coins To Buy:

Dogecoin (DOGE) 

As the biggest meme coin in the industry, Dogecoin is back in action as the broader market recovers. With the four-day recovery run, the Doge price has increased significantly by almost 8% and surpasses the 50-day EMA. 

Tradingview

Furthermore, the meme coin reclaims dominance over the $0.10 psychological mark and teases a bullish continuation to the 200-day EMA at $0.1184. Based on the price analysis, the Doge price reveals a falling wedge pattern breakout in the daily chart as it exceeds the 50-day exponential moving average. 

The wedge pattern breakout is gradually gaining momentum. Based on the Fibonacci level, the 23.60% level at $0.1239 is the next potential target in the short term. 

As the broader market recovery continues, Dogecoin shows potential to hit a new 52-week high, surpassing the $0.2289 mark. Based on the Fibonacci level, the 1.618 level at $0.2976 can be the next potential target for Dogecoin in 2024.

Read more about Dogecoin’s future to find out if the uptrend will reach $1 in our DOGE price prediction for 2024-2030.

BABY DOGE Coin 

Similar to Dogecoin, the Baby Doge Coin shows a falling channel breakout in the daily chart, resulting in a massive upside move. Contrary to Dogecoin’s conservative trend over the past few days, the Baby DogeCoin has increased by 155% in the past two weeks, creating a streak of strong bullish candles. 

Tradingview

The meme coin is hardly 50% away from its 52-week high of $0.000003941. Currently, it is trading at a discount of 75% from its 52-week high and ready to give a breakout of the 50% Fibonacci level at $0.000002364. 

On the verge of completing a rounding-bottom reversal, the meme coin has the potential to reach the 1.618 Fibonacci level at $0.000005813. Hence, the meme coin shows an underlying potential of more than 150% with the broader market recovery.

Jasmy Coin 

With a declining trend, the JASMY coin price has dropped from its 52-week high of $0.0045 to the current price of $0.02153, a 51% decline. However, the altcoin has recently recovered from its local bottom at $0.01739, accounting for a 23% surge in the past 16 days. 

Furthermore, the intraday gain of 2.02% creates the fourth consecutive bullish candle, increasing the chances of a bullish trend.

Tradingview

The recovery rally has a cup-and-handle pattern, with a decline at the 200-day EMA that is merged with the 50-day EMA. Hence, the recovery rally attempts to limit the chances of a death cross event. 

Furthermore, the declining trend forms a falling-wedge pattern with the overhead resistance slightly below the 23.60% Fibonacci level at $0.2335. Hence, the breakout rally will likely challenge the confluence of resistance before reaching the 50% Fibonacci level at $0.029. 

However, the uptrend will depend upon the overhead trendline breakout and broader market support.  

Dogecoin (DOGE) gained attention as key indicators suggest the coin is preparing for a potential price rally. Crypto analyst Ali Martinez has highlighted specific signs that point toward a bullish breakout for DOGE.

Consequently, according to Martinez, traders looking for opportunities in the Dogecoin market should monitor two important signals.

Dogecoin Bullish Breakout Signals. Source: @ali_charts

One of the major signals involves the Relative Strength Index (RSI), which indicates a critical trendline break. Additionally, Dogecoin is nearing a resistance level at $0.11.

If DOGE successfully surpasses this mark, its price could increase from its current level of $0.10470 to potentially $0.14500— a 41% rise.

RSI Breaks Trendline, Signaling Potential Upward Momentum

Notably, Martinez’s first key signal involves the RSI breaking its descending trendline on Dogecoin’s daily chart. The RSI is a crucial metric that measures the speed and change of price movements. In fact, when the RSI breaks a trendline, it often signals a potential shift in market sentiment from bearish to bullish.

Traders utilize this signal to determine if buying pressure increases, which could lead to a price rally.

Consequently, this break in the RSI trendline suggests that DOGE may enter a phase where further gains are likely. Therefore, investors and traders should closely monitor how this RSI movement aligns with other technical indicators.

Dogecoin Faces $0.11 Resistance Level

Martinez’s next major point focuses on DOGE’s proximity to the $0.11 resistance level, in particular. Recently, this level has acted as a barrier, preventing the memecoin from moving higher. Should a breakout occur above this resistance, it could also pave the way for further price increases.

Dogecoin Market Overview. Source: CoinMarketCap

Currently, Dogecoin is trading at $0.1045, having recently rebounded from a dip to $0.104. If DOGE surpasses the $0.105 mark, it might see a rapid ascent toward $0.14500, potentially reflecting a significant 38.75% gain.

The post Why Dogecoin (DOGE) Price is Gearing Up for Bullish Rally? appeared first on CoinChapter.

Cryptocurrency analyst and trader Ali Martinez, known on the X platform as simply Ali, has taken to his social media account to share that the largest meme cryptocurrency by market cap value, Dogecoin, is likely preparing to break out soon.

Martinez shared key signals to watch for traders who are waiting for a good chance to make profits on Dogecoin.

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Dogecoin eyes bullish breakout

Martinez tweeted that Dogecoin is gearing up for a bullish breakout and shared two particular signals for traders to watch for on the DOGE chart.

First, the RSI (Relative Strength Index) is breaking the descending trendline on the daily graph. Second, DOGE should swoosh past the $0.11 resistance level. Martinez expects the DOGE price to increase from the current $0.10470 level on the chart to above $0.14500. That would be an approximately 41% price increase.

#Dogecoin is gearing up for a bullish breakout! Watch for two key signals: ⭕️First, RSI breaking the descending trendline on the daily chart.⭕️And second, $DOGE surging past the $0.11 resistance! pic.twitter.com/7i1QMXNi3F

— Ali (@ali_charts) September 19, 2024

Until Wednesday this week, the original meme cryptocurrency Dogecoin had faced a more than 8% decline as it plummeted from $0.1088 to the $0.999 mark. Over the past two days, DOGE has witnessed 4.55% growth as it rose to the current level of $0.10470.

As reported by U.Today earlier, DOGE might be gearing up for a “golden cross” – for the first time in four years. That pattern is considered to be a big sign of bullish sentiment. The last time it was seen was in January 2021. That was followed by a whopping 8,000% surge, and the meme coin reached an all-time high of $0.76 on May 9 that year.

The post PEPE Breaks Out, Aims to Surge by 25%, While DOGE Consolidates at $0.1—Will Memecoin Mania Revamp in October? appeared first on Coinpedia Fintech News

The Fed rate cuts of 50 bps came as a huge surprise for the markets, as Bitcoin and other major cryptos witnessed a steep rise beyond their respective resistances. Besides, the memecoins have jumped into action, with POPCAT leading the rally. However, 2 popular memecoins recorded massive volumes of nearly $500 million each. While the PEPE price is about to trigger a 25% run, the Dogecoin (DOGE) price remains consolidated within a range. 

What’s Next? Will the DOGE price rise above the extended consolidation and follow PEPE?

PEPE price has broken out of range after a prolonged consolidation for nearly a couple of months. The token broke out of the decisive symmetrical triangle and is trying to clear the crucial resistance at the 50-day EMA. The bulls are trying hard to secure these levels, which is expected to push the prices beyond the crucial range at $0.00001. 

The DMI underwent a bullish crossover during the previous day’s trade, which validated the beginning of a fresh bullish spell. The +Di is displaying some bearish divergence, which may be a matter of concern. However, the RSI remains elevated, which suggests the growing strength of the bulls. Hence, the PEPE price appears to be primed to test the crucial resistance at $0.00000925 and reach $0.00001 in the first few days of Q4. But what’s next with the DOGE price rally, which remains stuck around $0.1 without much volatility?

The Dogecoin price just broke out from the falling wedge but has failed to set up a fine ascending trend. Although the RSI maintains a steep ascending trend, the DMI is yet to undergo a bullish crossover. Therefore, the price is expected to remain within the prevailing consolidation for some more time, followed by a breakout to $0.12. However, the bulls do not appear to be strong enough to sustain above the gains, but with the change in the market dynamics, the rally may gear up and head towards higher targets. 

Some tokens have produced a frenzy amongst the public like Dogecoin (DOGE) and Shiba Inu (SHIB). Both animals earned massive social media presence during the euphoria of the 2021 bull market, and their price action made anyone who invested in them earn good returns. However, could there be a new player who is about to step in and perform just like them? Those who made money during the Dogecoin and Shiba Inu bull runs are now going crazy about one probable new token Rexas Finance (RXS), which is currently below $1.

The Dogecoin Phenomenon

There was a significant amount of influence provided by celebrities towards Dogecoin’s 2021 bull run in particular from the prominent entrepreneur, Elon Musk of Tesla and SpaceX fame. Tweets on Dogecoin by Elon are rather cryptic and make it to the point the token price goes to the peak. At some point, the price of DOGE drastically increased up to more than 22,000% moving from its general looking fees in 2021 to its highest price ever recorded in the history of $0.73 which attracted investments enough to challenge leading cryptocurrencies Bitcoin and Ethereum at a given time. Complementing the strength of Twitter, the Dogecoin phenomenon also had the benefit of hype infused by social networks. However, that hype and excitement has dwindled since then and although DOGE is still one of the leading coins by market capitalization, its price has seen a significant drop from its 2021 highs.

Shiba Inu – the ‘Dogecoin Slayer’

SHIB price had more effects than the crashes of Dogecoin where early investors made returns worth tens of thousands of percentage points. The most memorable spike in SHIB was during the period from May to October 2021. SHIB on May 11 2021 rose by 1,953% from $0.00000172 to $0.00003532. The token however created high expectations for its traders but disappointingly pulled back to $0.00000793 within three weeks. Following several months of relatively stable price fluctuations, SHIB made another vicious surge in October moving from $0.00000766 to $0.00002913 between October 2 to October 13. The price climbed up to its all-time high of $0.000089 on October 28, but it was once again followed by a market correction.

Could Rexas Finance (RXS) Be the Next SHIB or DOGE?

The attention turns to another crypto project, Rexas Finance (RXS), for which crypto insiders who made money on Dogecoin and Shiba Inu are now going crazy. Currently in presale, the price of RXS tokens is a cheap $0.04 after its first stage sold out in less than 3 days. There appears to be something building momentum as the price of tokens rises to $0.05 in the next weeks of its presale.  Many believe RXS has what it takes to achieve the successes that in 2021 were familiar with dogecoin and shiba inu. Why are the insider wallets now so interested in RXS? First of all, the token is less than $1 which gives it a lot of upside potential for people to get in. Additionally, it is very good especially for the company to seek such an expansion at this time because RWA tokenization has grown tremendously in the past few years. The presale accomplishment that RXS was able to achieve has already attracted some important companies in the crypto industry. Suppose the token manages to stay afloat and achieve the targets that it has set within the DeFi ecosystem. In that case, it might well turn out to be the next major meme coin or utility token that will rock the market in a few months.

Conclusion

Dogecoin and Shiba Inu were noteworthy assets in 2021 because they have shown that meme coins can also be systems that return cash over time, and even though the impulse around these coins has subsided, the communities supporting them remain strong. With its current presale price at $0.04 and induced yet surrounding, RXS has the making of becoming the next big thing in the crypto world thanks to its utility in the DeFi universe with investors even comparing it to the mass adoption of DOGE and SHIB. For those who are looking to ride on the next generation of meme coins or high-growth assets below the $1 level, Rexas Finance might just be the one to keep an eye on.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinanceDisclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

In a recent tweet, crypto asset manager Grayscale Investments provided a weekly snapshot of the top 10 crypto assets by one-week returns, and the results have left the crypto community buzzing.

XRP, the seventh largest cryptocurrency by market capitalization, led weekly returns among major cryptocurrencies.

📸 Grayscale Crypto Snapshot - AssetsOur weekly snapshot of the top 10 #crypto assets by 1 week returns.-$XRP $AVAX #bitcoin $BNB $TON $DOGE #ethereum $SOL $ADA $TRX pic.twitter.com/lDA9PxwXpM

— Grayscale (@Grayscale) September 19, 2024

XRP achieved a weekly gain of 9.6%, outperforming other major cryptocurrencies, including Avalanche, Bitcoin, Binance Coin and Toncoin, which posted weekly returns of 8.4%, 8.1%, 5.7% and 5.2% respectively.

Meanwhile, Dogecoin, Ethereum, Solana, Cardano and Tron trailed behind with returns of 3.1%, 1.9%, 1.8%, -1.5% and -2.2%, respectively.

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In the past week, Grayscale announced the launch of the Grayscale XRP Trust, which helped propel the price of XRP up by about 10% to near-$0.588 on Sept. 12. The rise continued until Sept. 14, with XRP reaching highs of $0.599, where bulls encountered resistance, resulting in XRP range trading.

At the time of writing, XRP was down 1.19% in the last 24 hours to $0.58, as the crypto market faced slight profit-taking following a rally earlier in the week.

Grayscale spotlights Grayscale XRP trust

In a tweet, Grayscale stated that the Grayscale XRP Trust is currently open to eligible accredited investors seeking exposure to XRP, which powers the XRP Ledger, a distributed network used for cross-border payments.

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Trusts are closed-end investments, which means that there is a set amount of shares accessible. Exchange-traded funds might have a different number of shares, which makes them more tradable.

Last year in July, Ripple scored a win over the Securities and Exchange Commission when a judge ruled that sales of the token to retail users through exchanges do not constitute a securities offering. The ruling opened the door to broader availability of XRP for trading.

The post Dogecoin Prepares for Bullish Comeback as NVT Ratio Shows Promise: What’s Next for DOGE Price? appeared first on Coinpedia Fintech News

Recently, on-chain activity for Dogecoin has surged, indicating a growing positivity among investors towards the well-known dog-themed meme coin. Following months of price and blockchain activity stagnation, a sudden revival of interest appears to be emerging for DOGE price. As on-chain activity for Dogecoin surges following Bitcoin’s recovery toward $64K, there’s a solid room for the meme coin to regain its old momentum.

Dogecoin’s NVT Ratio Signals Undervaluation

In the past 24 hours, Dogecoin has experienced a decline, marked by a notable wave of long liquidations. According to Coinglass, the total liquidations for Dogecoin exceeded $1 million, with buyers accounting for the majority, approximately $800K of the liquidations.

The IntoTheBlock large holders netflow metric indicates a significant uptick in DOGE accumulation by major holders in the past 24 hours, surpassing recent daily averages.

Consequently, the netflow has surged from 7.4 million DOGE to 123.03 million DOGE. This increased activity may signal that major investors are gearing up for substantial acquisitions, normally seen in periods of market downturns. This trend follows past behaviors, where there is a tendency to increase purchases at lower prices.

Furthermore, the NVT ratio for Dogecoin indicates a potential bullish resurgence in its price. Recent data shows a decrease in the NVT ratio over the last few days, falling from a high of 130 to 66. This drop suggests an increase in transaction volume relative to Dogecoin’s market capitalization.

A low NVT suggests that Dogecoin’s market capitalization is low relative to its transaction volume. This can indicate that the cryptocurrency is undervalued or that it is seeing significant usage and transactions compared to its market price.

As transaction volume is increasing faster than the market capitalization, it flashes a bullish signal, indicating that Dogecoin is becoming more actively used or circulated.

What’s Next for the DOGE Price?

Dogecoin’s recent movements have formed a bullish pattern as buyers successfully pushed the price above immediate resistance channels. However, Dogecoin faced a rejection around the declining resistance level at $0.11. As of writing, DOGE price trades at $0.104., declining over 1.2% in the last 24 hours.

The price has surged above 23.6% Fib level and is holding well above the EMA20 trend line, aiming to meet bullish goals. The current level is crucial for the bulls to hold, as falling below it could lead to the retest of $0.09 support level.

As the RSI level now hovers above the midline at level 54, Dogecoin price might soon trigger a minor upward correction.

If the price continues to hold above the 20-day EMA, it could set the stage for a push above $0.11. Such a move might initiate a recovery toward $0.14 and potentially extend to $0.18. 

The post Top DOGE Analyst Predicts Next Moonshot: Is It WIF to $3 or DTX Exchange With 1000% Rally appeared first on Coinpedia Fintech News

The DTX Exchange (DTX) platform has recently onboarded 13,000 new members into its exchange, with the majority of investors from Dogecoin (DOGE). Even though the memecoin sector hasn’t been in the headlines lately, the Dogwifhat (WIF) network is rivalling the DTX Exchange (DTX) as the next moonshot in the volatile market.

Dogwifhat (WIF) Market Analysis And Future Outlook

The recent price performance by the Dogwifhat (WIF) network is making investors think about whether this is a short-term sentiment or a major Dogwifhat (WIF) comeback in the memecoin industry. Dogwifhat (WIF) is projected to hit a new high of $5.26 by the first week of October, tentatively on the 9th.

Dogwifhat (WIF) has shown notable network activity within the last year, shooting up its buying pressure and ranking 55th in the market by market cap. Despite a sharp $67% decline from $4.83, Dogwifhat (WIF) is expected to recover from its temporary slump, according to CoinCodex. This is due to the sudden surge in the memecoin sector by investors.

Based on the on-chain data, two whale addresses pumped the Dogwifhat (WIF) network by a combined purchase of 20.58 million Dogwifhat (WIF) tokens. This $33.3 million purchase has pushed the Dogwifhat (WIF) network’s demand to new highs. The market observers say that the current chart patterns signal a bullish sentiment for the altcoin.

Dogecoin (DOGE) Dips By 5.49% In The Last 24 Hours

The recent performance by Dogwifhat (WIF) has contributed significantly to the interest in the memecoin community. Following this momentum, investors are hoping for the Dogecoin (DOGE) network to come back after the unstable Bitcoin (BTC) price threw Dogecoin (DOGE) to critical levels.

Surprisingly, the Dogecoin (DOGE) has followed somewhat the same path as the Bitcoin (BTC), experiencing heavy offloads from the network. The continued outflows from the Dogecoin (DOGE) network have increased its selling pressure, affecting the project’s overall trading volume.

Speaking of the similarity between Dogecoin (DOGE) and Bitcoin (BTC) performance trend, Bitcoin (BTC) dropped below $56,000 on September 5, while the Dogecoin (DOGE) price also dropped to as low as $0.96 the same day. Dogecoin (DOGE) investors have been observed moving their funds into a better alternative like DTX Exchange (DTX) to secure their capital.

Eyes On The Prize: DTX Exchange (DTX) To Hit 1000% Rally

DTX Exchange (DTX) has taken the market by storm after successfully securing a combined presale of $4 million, leaving investors and crypto analysts in shock. This DeFi platform has broken all previous presale records with its fast-selling presale rally amid the bearish market sentiment.

The DTX Exchange has been defying odds with its state-of-the-art technical architecture, which deploys advanced trading options and enables users to land high-ticket profits, enticing opportunities, governance votes, and proposals. The holders are also entitled to receive reduced trading fees and potential airdrops in the future.

So far, the DTX Exchange has sold over 13 million DTX tokens, raised $2 million in a private seeding round, and gone viral with a $100,000 raise in a single day. The rapidly growing investor community in the DTX Exchange platform shows why it is among the top 5 AI-powered cryptocurrencies in 2024.

Dogecoin Whales Pump DTX Exchange Following Its Presale Success

As the DTX Exchange goes viral after its VulcanX upgrade, Testnet launch, and all-in-one DTX wallet, investors and retail traders from established altcoins have been observed to sell their assets to join the DTX Exchange. This platform has also become an investor favourite because of its unique zero-commission policy.

DTX Exchange is poised to smash all past presale records with its high-volume presale rally, dominating Dogecoin (DOGE) and Dogwifhat (WIF). The emerging hybrid model is accelerating towards completion of its presale round 3 as more and more investors move in to secure high gains and a possible 25x opportunity.

Learn more: 

Buy Presale

Visit DTX Website

Join The DTX Community

Dogecoin is at a crucial price level following a market surge driven by the Federal Reserve’s announcement of a 50 basis point interest rate cut.

The meme coin is on the verge of breaking a resistance that could ignite a rally to new highs. Analysts and investors are making bold predictions, with one analyst forecasting a “conservative” 1,000% surge if the price gains momentum.

DOGE has consistently traded above strong demand levels and targets local highs to break its current price structure. A change in this structure could result in a significant rally, lifting the entire meme coin market to new heights. With market sentiment increasingly bullish, the coming days will determine whether Dogecoin will capitalize on this opportunity.

Dogecoin Analyst Expects $3 This Cycle

The cryptocurrency market is experiencing a surge after weeks of selling pressure and uncertainty. This has raised optimism among investors waiting for a potential bull run that could begin in the next few weeks. 

Dogecoin is trading at a critical level that could spark a rally to new highs. Notably, a well-known Dogecoin analyst, Kevin, has shared a bold prediction on X, presenting three possible scenarios based on how this market cycle plays out.

Kevin’s technical analysis shows that Dogecoin is on the verge of breaking out of a falling wedge pattern, a classic bullish formation often associated with significant price gains. According to his analysis, DOGE is just a few green weeks away from achieving its first golden cross—a key bullish signal—in over four years. 

Kevin offers three potential price targets depending on market performance: $0.93 if Dogecoin performs well, $2.27 if it experiences substantial outperformance, and $3.80 in an “astronomical” performance scenario. He notes that these outcomes largely depend on how the broader economic liquidity cycle evolves.

Despite the excitement surrounding this prediction, Dogecoin faces potential risks. If the price action fails to keep pace with the crypto market, traders and investors could end up empty-handed. 

The coming weeks will determine whether Dogecoin can break out and target these ambitious price levels. With the broader market showing signs of recovery, all eyes are on DOGE to see if it can capitalize on the momentum and reach new heights.

DOGE Holding Strong Above $0.10

Dogecoin is trading at $0.104 after a volatile Wednesday, during which the price surged 5% in less than 24 hours.

DOGE is approaching key supply levels around $0.115 after successfully reclaiming the 4-hour 200 exponential moving average (EMA) at $0.102 and the 4-hour moving average (MA) at $0.101. This price action suggests short-term strength, sparking optimism among bulls eager to push the price to higher liquidity levels.

However, there are risks if DOGE fails to maintain this momentum. If the price struggles to close above $0.108 in the coming days, it could lose its bullish support from these indicators, leading to a deeper correction. In that case, DOGE could potentially target lower prices around $0.097, and losing the 4-hour EMA and MA would indicate weakening momentum.

Historically, meme coins tend to rise aggressively when they gain momentum. Any price movement in the coming days could trigger significant volatility.

Featured image from Dall-E, chart from TradingView

Source: NewsBTC.com

The post Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH – Price Targets Revealed appeared first on Crypto Breaking News.

Dogecoin could be gearing up for another major surge in price as the meme coin’s chart shows the formation of a major pattern. The Golden Cross pattern is a major bullish formation on a chart that usually precedes a notable rally for digital assets such as DOGE. Currently, the Dogecoin price is forming its first golden cross in four years, making this an important development for the meme coin’s price.

Dogecoin Analyst Points out Golden Cross

Dogecoin analyst Kevin Capital on X (formerly Twitter) has highlighted an important formation on the Dogecoin chart. According to the crypto analyst, the movement of the DOGE price over the last few months has been pushing it toward the formation of a Golden Cross.

Now, a Golden Cross pattern is usually formed when a short-term moving average such as the 50-day moving average and a long-term moving average such as the 200-day moving average crosses. It usually happens that the short-term moving average crosses the long-term moving average from below.

Presently, the short-term MA and the long-term MA are yet to cross, but the Golden Cross formation looks to be in the works. In the post, Kevin explains that the Golden Cross formation may happen in the next few weeks. Once this happens, it could signal the start of a bullish recovery, and according to Kevin, it would be the first Golden Cross in four years.

DOGE Price Could Touch $3.8

The completion of the Golden Cross pattern could be the catalyst that sets the Dogecoin price on a path to a new all-time high. The first target for the Dogecoin price with this formation is $0.93. This would be an almost 1,000% increase from the current level, just around $0.1.

It doesn’t end there, however, as the crypto analyst believes that there is a possibility that the Dogecoin price will go higher than this. In what he calls a “Huge out performance,” he says that the DOGE price could cross $2.2 if this happens. This would be an over 2,000% increase.

The third and final target for the Dogecoin price with the Golden Cross formation is $3.8. The analyst explains, though, that it would take an “astronomical performance” for this to happen. Nevertheless, this would mean an over 3,700% increase from here.

However, the crypto analyst explains that the Dogecoin price reaching these levels depends on “how this economic liquidity cycle pans out.” The current Dogecoin all-time high is $0.73, which means an 800% increase from here will solidify a new high.

Source: NewsBTC.com

The post Dogecoin Forming First Golden Cross In 4 Years, Is A 3700% Rally To $3.8 Possible? appeared first on Crypto Breaking News.

Bitcoin (BTC) has reclaimed the $63,000 price and is moving quickly towards $64,000.

Altcoins are mirroring this bullish move as more and more altcoin charts show bullish signs.

JasmyCoin (JASMY) leads the charge with highly bullish signals on its chart.

Bitcoin surpasses the $63,000 price mark and is moving bullishly towards the $64,000 price target. As analysts debate over the next major targets for Bitcoin, other analysts are keeping a close watch on popular altcoins displaying bullish signals on their price charts. These altcoins include Ripple’s XRP, Cardano (ADA), Shiba Inu (SHIB), Dogecoin (DOGE), JasmyCoin (JASMY), and more.

https://twitter.com/Steph_iscrypto/status/1836487859127103549 JASMY Signals Bullish Future Price Pump

In particular, for JASMY, analysts are noticing highly bullish signs on the Bitcoin of Japan’s price chart. JASMY is one of the altcoins highly anticipated to make parabolic pumps this cycle. Crypto analyst and JASMY enthusiast, Steph is Crypto, marks a specifically potent RSI buy signal on the daily JASMY chart. He says that the last two times the RSI line broke its downtrend JASMY saw a significant price pump. 

https://twitter.com/JasmyHooligan/status/1836816411655553206

Meanwhile, another JASMY enthusiast notices that JASMY is setting up to retest the $0.023 price target. If this target is broken through then a sideways movement is expected and the next retest level will aim at the $0.03 price target. After this price level is broken JASMY will proceed to retest the $0.05 price target. 

How Far Can JASMY Pump This Cycle? 

Similarly, another analyst shares their predictions for JASMY. The gist of their post says that JASMY is setting up nicely and a major move will take place in the thick of the bull run phase. This analyst says JASMY will peak at a 60x price pump which is a much lower expectations in comparison to other analysts. According to CoinMarketCap analytics, JASMY price is presently standing at $.  

The post JASMY Chart Sets Up For Significant Retest That Could Launch the Altcoin Towards a Parabolic Price Pump appeared first on Crypto News Land.

Dogecoin (DOGE) Price On Track For A 95% Jump, Analysts Concur

NOIDA (CoinChapter.com)—Dogecoin (DOGE) has recently been hovering near the $0.10 mark, experiencing fluctuations as it encounters strong resistance near $0.11. Despite recent price fluctuations, traders remain bullish on Dogecoin due to whale accumulation, rising network activity, and favorable technical indicators.

The memecoin recorded more than 1.93 million transactions in the past week, highlighting the growing interest in Dogecoin.

Bullish Analysts Predict a Breakout for Dogecoin

Despite the short-term sideways movement, several analysts project a bullish future for Dogecoin. Analyst Zer0 recently highlighted that DOGE may trade sideways for a while, potentially leading traders to lose faith in the token’s potential.

Crypto analyst Zer0 remained bullish on Dogecoin price.

However, Zer0’s prediction paints a highly optimistic long-term picture. The analyst stated that Dogecoin would likely break through its previous all-time highs and believes the token will “slice through previous all-time highs like it’s nothing” once the market reaches a tipping point.

Kaleo’s chart analysis aligns with this view, showing DOGE in a long consolidation pattern that typically precedes a significant breakout. The analyst stated that DOGE could paint a potential breakout by late 2024, supported by whale accumulation and increasing network activity.

Kaleo noted that DOGE might consolidate more before breaking out.

Kaleo’s chart suggests that the current accumulation phase could act as a foundation for a powerful rally, pushing the token past key resistance levels, such as $0.115.

The price action aligns with historical behavior, where strong upward movements often follow extended consolidation periods. Furthermore, analysts point to a falling wedge pattern forming on the charts, typically resolving in favor of bulls.

If buying pressure sustains and DOGE breaks through key resistance levels, such as $0.115, the stage could be set for a broader rally heading into 2025.

DOGE USD Paints Bullish Setup

The DOGE USD pair has formed a bullish technical setup called the ‘falling wedge.‘

DOGEUSD pair formed a bullish setup with a 96% upside target. Source: Tradingview

Two converging downward trendlines that connect lower highs and lower lows form the falling wedge, a bullish reversal. The narrowing structure shows that, despite the ongoing downtrend, the bearish momentum is gradually weakening, often preceding an upward breakout.

The key feature of a falling wedge is that the slope of the lower trendline is steeper than that of the upper trendline, indicating that selling pressure is dissipating. When the breakout occurs—typically upward—it signals buyers taking control.

To estimate the potential price target after a breakout, traders measure the vertical distance between the widest points of the wedge and project that range from the breakout point upwards. Increased trading volume during the breakout confirms the strength of the reversal, reinforcing market confidence and the likelihood of success.

According to technical analysis rules, the DOGE USD conversion rate might rally over 96% from its current level to reach the pattern’s projected target of around $0.204.

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