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Announcement of the announcement from Trump: “Tomorrow I will be with the Bitcoin people”✊
That is, today...
#BTC
returned to $68k, also awaiting Trump's speech 💸
#Trump
#Bitcoin2024
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🪙 RSI Points to $BTC Growth The daily RSI of Bitcoin price dropped to the range when BTC was trading at $60K. Earlier, after testing this area, BTC rose by more than 70%. 📈 These are some of the signals for a BTC price recovery, especially if ETF inflows increase next week. #BTC #Bitcoin
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💥 Here Are Dogecoin Bottom, Pre-Pump, and Pump Years as Weekly Candle Signals $DOGE Gearing for the Next Run Dogecoin (#DOGE ) has been capturing the attention of traders as its latest chart patterns suggest another explosive rally is on the horizon. Dogecoin is struggling to maintain dominance above the $0.30 price level after plummeting by 7.5% over the past week. However, analysts believe a turnaround is imminent. In a post on X, trader Tardigrade shared insights into Dogecoin’s yearly and weekly price movements. He pointed to historical cycles and technical signals that hint at a significant bullish run on the horizon. 🔸 The Yearly Harmonic Pattern The yearly chart reveals a striking harmonic pattern that divides Dogecoin’s market history into three distinct phases: Bottom Years, Pre-Pump Years, and Pump Years. Notably, Dogecoin’s bottom years were 2015, 2019, and 2023, according to the analysis. These years mark Dogecoin’s major market bottoms, where prices reach the lowest point of the cycle before an upward trajectory begins. Meanwhile, the pre-pump years are 2016, 2020, and 2024. These were often characterized by early signs of recovery and accumulation. These years set the stage for substantial rallies. For instance, Dogecoin registered a 5X surge between September and December. Notably, the pump years, including 2017, 2021, and the incoming 2025, have historically seen massive bullish candles, propelling DOGE to new heights. Based on this recurring pattern, Tardigrade believes 2024 has served as a setup year. According to him, it is paving the way for a potential major breakout in 2025, which could mirror the explosive gains witnessed in 2017 and 2021. 🔸 Weekly Chart Signals Bottoming Zone In addition to the yearly analysis, the weekly chart provides encouraging signs for Dogecoin’s near-term prospects. Trader Tardigrade highlighted the appearance of a “Spinning Top” candlestick, a pattern that typically signals market indecision and a potential reversal. #Dogecoin
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⭐️ Can $FLOKI Inu Lead the Memecoin Rally with its Upcoming ETP Launch? The Floki community recently voted in favor of a proposal that will help create the liquidity needed for the ETP launch, which is now set to go live by Q1 2025. When it goes live, it will become the second memecoin ETP on a regulated stock exchange, following in the footsteps of the Dogecoin ETP. The coin has seen a jump of 400% this year showcasing immense community support to push it to new heights. 💬 Many seem to be taking for granted how incredible it is for a #memecoin to have an ETP.There are millions of memecoins, and there are at least 8 memecoins above $1 billion market cap!Of these, only one currently has an ETP on a regulated stock exchange: $DOGE. #FLOKI is next. — B (Da Viking) Floki’s bullish move is creating a possibility of a memecoin breakout in 2025 as following the lead many others will jump on the ETP mania to leverage the success. Following the news Floki is expected to rise in price and may attract big institutional support. 🔸 What is the Proposal? As per the proposal, it will allocate a portion of the 16.3 billion tokens in the community’s buyback wallet to provide liquidity for the ETP, while the remaining tokens will be burned. As a result, the token’s price surged 5%, reaching $0.0001797, with trading volume jumping by 58% in just 24 hours. The community-driven projects are seen as a hot choice for crypto investors as many meme coins are supported by political leaders and celebrities. 🔸 Interest Market is Heating Up Hence, market analysts are bullish about Floki’s potential. With futures open interest (OI) increasing by 10% and derivative volumes up by 74%, there’s a noticeable surge in market interest. Some analysts predict that Floki could rally by over 50%, possibly reaching $0.00055, and even target $0.00080. This growing attention from both traders and analysts highlights Floki’s bullish outlook, especially as the ETP launch could significantly boost its market visibility and investor interest. #FlokiInu
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🔵 Chainlink Price Tests Crucial Support At $22 Amid $LINK Whale Accumulation Chainlink price faces strong selling pressure with chances of a crash to $12, while #LINK whales accumulate heavily at every dip, indicating a contrasting sentiment. Chainlink price continues to see strong selling pressure dropping another 5.7% today amid a broader market correction. Following a rejection at $30, LINK has corrected 27% testing crucial support levels at $22. On the other hand, LINK whales have been accumulating at every price dip highlighting bullishness among long-term players. 🔸 Where is #Chainlink Price Moving Next? Chainlink is seeing strong selling pressure with the LINK price today correcting by another 5.7% in the last 24 hours and is currently trading at $21.36 with a market cap of $13.63 billion. The Coinglass data shows a 12% drop in the LINK open interest to $551 million. Also, the 24-hour liquidations have soared to $3.02 million of which $2.83 million is in long liquidation. Popular crypto analyst Solberg Invest has flagged a potential head-and-shoulders pattern forming on Chainlink’s (LINK) chart, suggesting the possibility of a price decline. The analyst noted that if the Chainlink price breaches the pattern’s neckline, the token could target $16.6, with a worst-case scenario seeing a drop to $12.5. This technical formation adds a cautious note to LINK’s outlook, urging traders to monitor the market closely for further developments. Despite this short-term bearishness, crypto investors continue to remain bullish for the long term. As per the CoinCodex data, 62% of investors believe that the LINK price can shoot up to $35 in the next month and further to $40 over a three-month period. This means that LINK investors can mint nearly 100% gains by the end of Q1 2025. Having said that, it appears that Chainlink could witness a strong rebound ahead if bulls regain momentum. Besides, a recent LINK price prediction showed that the crypto is likely to hit $44 by next month, which has fueled market sentiment.
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⚡️ $XRP and $DOGE : Insights into Market Behavior Analyst Raoul Pal shared his insights on XRP and Dogecoin in a YouTube video, highlighting their potential in the current cryptocurrency market. Pal emphasized the importance of understanding market trends and taking a long-term investment approach. 🔸 Global Liquidity Drives the Market Global liquidity plays a vital role in driving crypto prices. Assets such as Bitcoin and Ethereum often set market trends. However, XRP and Dogecoin have distinctive paths, showing their potential to outperform during specific cycles. For example, Dogecoin has outperformed Bitcoin by 500% since 2013, showing its potential to surprise investors. This pattern highlights the importance of understanding liquidity-driven phases, often called the “Banana Zone.” 🔸 The “Banana Zone” and Market Patterns The “Banana Zone” is a concept highlighting the interplay between macroeconomic conditions and cryptocurrency trends. It suggests that liquidity phases, often influenced by factors like interest rates and the strength of the dollar, significantly impact asset performance. For Dogecoin and XRP, recent consolidations and corrections suggest possible future price surges. Investors must identify such patterns to capitalize on these assets’ long-term potential. 🔸 Technical Indicators for XRP and Dogecoin XRP remains resilient, supported by wedge formations on its price chart that often signal breakouts. Similarly, Dogecoin shows recurring cycles of consolidation and growth, a hallmark of liquidity-driven assets. These patterns show the value of technical analysis in predicting market movements. However, experts warn against overextending portfolios across too many assets, recommending a concentrated investment approach in top-performing cryptocurrencies. #DOGE #XRP
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