, The MACD is about to form a golden cross at the underwater bottom. Now it seems to be an oversold rebound. Specifically, let's look at the pressure at the one-hour level. Through yesterday's shock, the Bollinger Bands have closed and flattened, and accompanied by a big positive line in the morning, the Bollinger Bands have the meaning of opening upward. Here we pay attention to the pressure zone of the Vegas channel near 67,300-67,500. Only by breaking through here can we confirm that the four-hour level has gone out of the downward trend. The fifteen-minute short-term price is the same. It broke through the Vegas channel in the morning, and now it is in the stage of retracement confirmation.
Focus on ambush these 3 cryptocurrencies with 100x potential!
1.DOGE
As a representative of meme coins, Dogecoin has emerged in the cryptocurrency market in recent years. Dogecoin, also known as "Dogecoin/Dogecoin", was born on December 8, 2013. Based on the Scrypt algorithm, it is the second largest virtual currency in the world after Bitcoin in terms of number of users. After the launch of the Dogecoin system, due to the help of reddit (the Doge content on this website is terribly flooded), the traffic has shown explosive growth.
The transaction process of Dogecoin is more convenient than Bitcoin. The confirmation time of Dogecoin is only 1 minute, while BTC takes 10 minutes. In addition, the number of Dogecoin is larger, the price is low, the transfer speed is fast, and it is suitable for online rewards, which is more convenient for the psychological needs of the public and makes it more convenient for civilian development. Dogecoin has its own core culture. It has a good cultural background - tipping culture, a good humanistic background - charity culture, and a good popularity prospect - grassroots culture.
Despite the recent market volatility, Dogecoin has shown strong resistance to declines. This is not only because it has a huge community support, but also because it can hit new highs in every bull market, bringing considerable returns to investors. In the upcoming bull market, there is reason to believe that Dogecoin will continue its upward trend.
2.WLD
Worldcoin (WLD) has recently received a series of good news. First, the AI conference will be held in Dubai on April 17, and WLD giants will be present at the event, which will undoubtedly inject confidence into the future development of WLD. Secondly, Coinbase has added support for WLD perpetual contracts, which will further expand WLD's user base and trading activity.
In addition, the legal issues that Worldcoin encountered in Portugal have been properly resolved, similar to the situation in Hong Kong in January this year, and it rose directly after the wash. More importantly, there is news that GPT5 will be released in the middle of the year, which means that WLD is expected to achieve value reshaping with the help of the craze for artificial intelligence. The current position is strongly supported, and a reversal is coming soon. You can pay close attention to its subsequent trend.
3.XRP
Last week, XRP price once again attempted to clear the $0.6420 resistance against the US Dollar. The XRP/USD pair struggled to break $0.6420 and started a sharp decline.
There was a break below the $0.600 and $0.550 support levels. Finally, the bulls are active above the $0.3850 support level. A low has been formed near $0.3875 and the price is currently correcting losses. There was a break above the $0.450 resistance area.
The price climbed above the 23.6% Fib retracement level of the downward move from the $0.6420 swing high to $0.3875 low. XRP is still trading above $0.550 and the 55 simple moving average (4-hours).
On the upside, the price is facing resistance near the $0.5150 level. It is also close to the 0.3875% Fib retracement level of the down move from the $50 swing high to $0.6420 low. The next major resistance is near the $0.550 level.
The first major resistance is near the $0.5850 area. A clear break above the $0.5850 resistance zone is likely to start a strong increase. In the mentioned case, the price might even break above the $0.6250 area and test $0.6420. Any further gains could push the price towards the $0.700 resistance level.
An initial support on the downside is near the $0.4580 level. The next major support is near the $0.420 level. Any more losses could lead the price to the $0.400 level, below which the price might even test the $0.3850 support area in the near term.
Create a high-quality circle
Spot mainly
I will share some content: as shown below:
This is the end of the article. I will do a more detailed analysis in the circle. If you want to join the circle, please send me your job number (Encrypted Uncle Chen) and I will reply to you in time!
