Is $1 Incoming For Dogecoin (DOGE),And $700 For BNB ?

Dogecoin (DOGE) Adoption Hits Decline

The $DOGE whales have been working hard for the past month to restore the token to a bullish trend. Their efforts yielded surges at some point, rallying Dogecoin up to $0.14, but the token hasn't sustained the spikes.

Most traders must have been thinking about a spike to the dollar mark, but Dogecoin’s volatility has rendered even that a remote possibility. The DOGE price can't seem to break past its $0.12 resistance, as it was rejected again at the start of the new week.

All that volatility has frustrated most Dogecoin traders, and the DOGE network has been losing holder addresses since October 8, 2024. About 106,000 holders have stopped trading their DOGE tokens, according to reports. However, the DOGE price still trades at $0.1182, 8.82% higher on the weekly trends.

$BNB Gets Into Supply Zone

Binance Coin is another token that looked promising last month but fell on hard times following the market correction. Many thought the release of former CEO Changpeng Zhao would drive BNB upwards, but that was not the case.

The BNB token got rejected at $603, slipping under to about $540 before rebounding slightly. The bulls have been active these past two weeks, as the token has crawled its way back to $595.88, on net weekly 3.58% gains.

Analysis shows that BNB is in a supply zone between $580 and $600, and a decline would see the bears take over. It will be a cautious few days on BNB before it gets past its $600 target.

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