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GK-ARONNO
Bullish
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$DOGE price analysis.....🚀🚀🚀 DOGE $0.14  bounced off the $0.12 support on May 1, indicating that the bulls are trying to defend the level. #DOGE/USDT daily chart. Buyers will try to push the price to the overhead zone between the 20-day EMA ($0.15) and the downtrend line. Sellers are expected to protect this zone with vigor. If the price turns down from this zone, the bears will again attempt to sink the DOGE/USDT pair below the neckline near $0.12. If they do that, the pair will complete a bearish head-and-shoulders pattern. That may start a down move to $0.10 and eventually to $0.08. This negative view will be invalidated in the near term if the bulls propel the price above the downtrend line. #altcoins #BlackRock #MicroStrategy #CryptoWatchMay2024

$DOGE price analysis.....🚀🚀🚀

DOGE

$0.14

 bounced off the $0.12 support on May 1, indicating that the bulls are trying to defend the level. #DOGE/USDT daily chart.

Buyers will try to push the price to the overhead zone between the 20-day EMA ($0.15) and the downtrend line. Sellers are expected to protect this zone with vigor.

If the price turns down from this zone, the bears will again attempt to sink the DOGE/USDT pair below the neckline near $0.12. If they do that, the pair will complete a bearish head-and-shoulders pattern. That may start a down move to $0.10 and eventually to $0.08.

This negative view will be invalidated in the near term if the bulls propel the price above the downtrend line.

#altcoins #BlackRock #MicroStrategy #CryptoWatchMay2024

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$BTC price analysis........🚀🚀🚀 Bitcoin surged above the 20-day EMA ($63,556) after a minor hesitation, but the bulls could not pierce the 50-day SMA ($65,937). #BTC/USDT daily chart. Both moving averages have flattened out, and the RSI is near the midpoint, indicating a range-bound action in the near term. The BTC/USDT pair is likely to remain between $56,500 and $73,777 for some more time. #altcoins #BTC #bitcoinhalving #BlackRock
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$SOL Solana price analysis.......🚀🚀🚀 Solana  $153  has been trading between $126 and $162 for several days, indicating indecision about the next directional move. #SOL/USDT daily chart. The flattish 20-day EMA ($146) and the RSI just above the midpoint suggest that the range-bound action may continue for some more time. If the price maintains above the 20-day EMA, the SOL/USDT pair could rally to the overhead resistance at $162. Buyers may find it difficult to overcome this obstacle. However, if the bulls bulldoze their way above $162, the pair may accelerate toward $205. This level is likely to act as a formidable resistance. On the downside, a break below the 20-day EMA could sink the pair to $126. #altcoins #BTC #bitcoinhalving #Memecoins
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$XRP price analysis......🚀🚀🚀 The bulls have pushed XRP  XRP $0.55  above the 20-day EMA ($0.53) on May 6, indicating that the corrective phase may be ending. #XRP/USDT daily chart. The flattish 20-day EMA and the RSI just above the midpoint suggest a balance between supply and demand. This advantage will tilt in favor of the bulls if they drive the price above the 50-day SMA ($0.56). The XRP/USDT pair could then pick up momentum and climb to the stiff resistance at $0.67. The bears are likely to have other plans. They will try to protect the 50-day SMA and pull the price back below the 20-day EMA. If they do that, the pair may plummet toward the crucial support zone between $0.46 and $0.41. #altcoins #BTC #bitcoinhalving #Memecoins
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$DOGE price analysis............🚀🚀🚀 DOGE $0.16  recovery is facing selling at the 50-day SMA ($0.17), but a minor advantage in favor of the bulls is that they have not allowed the price to slip below the 20-day EMA ($0.15). #DOGE/USDT daily chart. If the price maintains above the 20-day EMA, the bulls will take another shot at the 50-day SMA. The repeated retest of a resistance level tends to weaken it. If this level is taken out, the DOGE/USDT pair could start a rally to $0.21. If bears want to prevent the upside move, they will have to quickly pull the price back below the 20-day EMA. If they do that, it will suggest that the bears remain active at higher levels. The pair may then drop to $0.12. #altcoins #BTC #bitcoinhalving #Memecoins
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$ADA price analysis......🚀🚀🚀 ADA $0.46  once again turned down from the 20-day EMA ($0.47) on May 6, indicating that the bears continue to defend the level aggressively. #ADA/USDT daily chart. The bulls are trying to defend the $0.46 support because if this level breaks down, the ADA/USDT pair could retest the crucial support at $0.40. Buyers are expected to fiercely defend this level. Contrary to this assumption, if the price turns up from the current level and breaks above the 20-day EMA, it will signal that the selling pressure is reducing. The pair could then attempt a rally to the overhead resistance at $0.57. #altcoins #BTC #Memecoins #bitcoinhalving
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