• Higher Probability: A slight upward move seems more likely in the short term, as the strong support at 0.37 USD may cause a rebound. If it breaches this level, however, the price could quickly fall to 0.36 USD.
#DOGE START BUYING SHORT TERM • Higher Probability: A slight upward move seems more likely in the short term, as the strong support at 0.37 USD may cause a rebound. If it breaches this level, however, the price could quickly fall to 0.36 USD.
#DOGE • The buy side (support) has more liquidity (~27.86M DOGE) compared to the sell side (~19.27M DOGE). • If the price moves upward, it is more likely to liquidate short positions due to thinner sell resistance beyond 0.40 USD. • If the price moves downward, it will take significant selling pressure to break through the strong support at 0.36 USD, making long liquidation less probable unless heavy selling occurs. #doge⚡ $DOGE $DOGE
#doge⚡ #DOGE RSI: The RSI(6) is at 25.26, indicating the asset is approaching oversold conditions. RSI(12) and RSI(24) also suggest weakening momentum. 5. Stochastic Oscillator (K, D, J): All three values are very low, suggesting a highly oversold condition that might lead to a bounce in price. 6. Wm %R: The value is at -91.12, confirming the oversold nature of the market.
Possible Scenarios:
1. Bullish Rebound (Short-term) • The oversold RSI, Wm %R, and Stochastic Oscillator suggest that the price might attempt a short-term rebound. • Resistance levels to watch for a reversal: • 0.38-0.39 (immediate short-term resistance) • 0.415-0.42 (medium-term resistance if momentum strengthens) 2. Continuation of Downtrend • If the selling pressure persists, the price could test lower support levels: • 0.36 (previous low and psychological level) • 0.35 (stronger support) 3. Consolidation • The market may stabilize around 0.36-0.38 as traders decide the next directional move. Look for reduced volatility and tighter price movement. #doge⚡ $DOGE
• If DOGE continues to hold above the support level near 0.38, it could move upward to test resistance at 0.40. • A breakout above 0.40 could push the price toward the next resistance level at 0.415 or even 0.43, depending on volume and market sentiment.
2. Bearish Scenario (Continuation of Downtrend)
• If selling pressure increases and DOGE breaks below 0.38, the price could retest the support zone at 0.365. • A breakdown below 0.365 may lead to a further decline toward 0.35, where buyers might step in.
3. Sideways/Consolidation Scenario
• DOGE could range between 0.38 and 0.40 in the short term as the market stabilizes after recent volatility. • Consolidation within this range might set the stage for a more significant move in either direction.#doge⚡ $DOGE
Next Few Hours - Potential Scenarios for DOGE COIN
1. Bearish Case: • If selling pressure continues, Dogecoin could retest 0.35 (a support level based on previous consolidation). • A breakdown below 0.35 could lead to further declines toward 0.32, where buyers might step in. 2. Bullish Case: • If the price holds above the current level and buyers regain control, Dogecoin could retest the resistance at 0.42–0.45. • A breakout above 0.45 with strong volume could signal renewed bullish momentum. 3. Consolidation: • Dogecoin might enter a consolidation phase between 0.38 and 0.42 as the market absorbs recent volatility.
Recommendation
• Traders: • Wait for a clear signal, such as a breakout above 0.42 or a breakdown below 0.38, before making a move. • Monitor volume closely—rising volume on green candles could indicate renewed buying interest. • Short-Term Signals: • Buy Signal: If RSI rises above 50 and MACD crosses upward with positive histogram growth. • Sell Signal: If RSI drops below 50 and MACD shows sustained negative divergence.
Let me know if you want a deeper breakdown or additional insights!#doge⚡ $DOGE #DOGE $
#Runeustd $RUNE Overall Possibility: Given the current indicators, there is potential for RUNE to test and possibly hit $7 if bullish momentum and high volume persist in the next few hours. However, a failure to break through $6.68 resistance or a decline in volume could hinder this move. Keep an eye on price action near $6.68—if it breaks and holds above this level, $7 could be within reach shortly after.
• Bullish Scenario: With continued buying volume and strong support from moving averages, BTC could aim for new highs if market sentiment remains positive, potentially pushing toward the next resistance levels around $85,000. • Bearish Scenario: Given the overbought conditions (RSI and Stochastic), there is a possibility of a correction. A pullback could bring BTC back to recent support levels, around $77,000 or lower if selling pressure increases.
The election effect could bring additional volatility to the markets, as political events often influence investor sentiment and risk tolerance.
Overall, if the bullish momentum holds, Bitcoin may continue to rise. However, caution is warranted due to the overbought indicators. Always consider market sentiment and risk management in any investment.
#doge⚡ $DOGE Given the current indicators and volume, a potential upward target in the near term could be around 0.298-0.300 USDT if the bullish momentum continues and buyers remain in control. This aligns with the recent high and could serve as a resistance level.
Risks:
• If the price fails to hold above the shorter EMAs and breaks below with strong selling volume, we could see a retracement to around the 0.248-0.250 USDT support level.
Conclusion:
There is a moderate bullish signal based on the EMA structure and volume, but caution is advised as the RSI approaches overbought territory. Watching for further confirmation, such as strong volume on the next upward push or signs of bearish divergence, would be prudent for determining the strength of the uptrend$DOGE
Given the overbought conditions and recent surge, DOGE could experience a short-term pullback or consolidation phase. Watch for a potential support level around 0.25 to 0.255. If it stabilizes there with sustained volume, the uptrend might resume. However, if buying pressure continues and volume stays strong, DOGE could push higher toward 0.27 or slightly beyond.
Overall, a cautious approach might be wise due to the overbought indicators. A stop-loss around the 0.25 mark would protect against sudden reversals, especially in highly volatile conditions.
The Brick Summit in 2024 is expected to focus on blockchain technology, cryptocurrency, and the future of decentralized finance (DeFi). These summits typically bring together leaders from financial institutions, developers, regulators, and crypto enthusiasts to discuss the latest trends and innovations in the space. The event will likely emphasize real-world applications of blockchain beyond speculative trading, focusing on institutional adoption, regulation, and the potential for tokenization of assets.#BRICS2024
For the crypto market, the summit could have a positive impact, as discussions often encourage further adoption and investment. Positive outcomes might include greater regulatory clarity, new partnerships between traditional finance and crypto firms, and technological advancements showcased at the event. These developments could boost market confidence and adoption. However, any focus on stricter regulations or concerns over compliance risks could temporarily create negative market reactions, depending on the announcements.
The overall impact of the Brick Summit on the crypto market will likely depend on the tone of regulatory discussions, the showcased use cases, and how participants address market challenges like volatility and compliance .#BTC☀ #ETH🔥🔥🔥🔥
#BTC☀ Bitcoin’s current price on October 18, 2024, is around $67,470. Analysts expect it to stay within a range of $67,455 to $67,552 throughout the day, indicating a relatively stable market scenario with minor fluctuations. The price has been moving within a descending channel recently, testing resistance but struggling to break through. However, with the upcoming halving event in 2024, sentiment remains bullish for the long term, with predictions of Bitcoin reaching $67,000 to $75,000 by the end of October . #BTC☀ $BTC
• Price: The current price is 5.207, up by +9.95%, indicating strong upward momentum. • RSI (6): 74.79, showing the asset is in the overbought zone, signaling that a pullback could be expected soon. • MACD: Slightly positive at 0.034, showing upward momentum, but there is a potential for a bearish crossover soon. • Wm %R: -9.56, close to the overbought zone, further suggesting that the asset may face selling pressure soon.
Volume:
• There has been an increase in volume during the price rise, showing that the move is supported by strong buying interest.
Moving Averages:
• The MA(5) at 116.77 is below the MA(10) at 120.41, showing potential for further upward movement in the short term if the buying pressure continues.
Next 3 Hours Outlook:
• The current trend is bullish, but with the RSI and Wm %R in overbought territory, there could be a potential pullback or consolidation soon. Monitor for any weakening in volume or a drop in the RSI to confirm the start of a correction.
#rune $RUNE Based on these observations, it is likely that the price could reach the $5.40-$5.50 range in the next hour, but breaking beyond this would require more volume and buyer strength. Keep an eye on the order book for any large new orders.
#Runeustd • Current Trend: The market is still bullish, but there are signs that it is in overbought territory and may face a pullback or cooling off period soon. • Bearish Indicators: Overbought conditions in both the RSI and KDJ suggest caution. There could be a small retracement or sideways movement in the short term before any further upward movement. • Watch for Reversals: Keep an eye on the MACD for any bearish crossover, which could confirm a possible reversal.
The overall sentiment remains bullish, but with growing risk of a correction due to overbought signals.$RUNE