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The memecoins have gained huge attention, largely due to Elon Musk, who revealed his plans to save $2 trillion in taxpayer money during Donald Trump’s presidential campaign. Since then, the token has maintained a strong incremental range and is attempting to break above the multi-year consolidation zone. Moreover, the technicals have turned bullish in the long term, which suggests the memecoin is gearing up for another 2021-like bull run. Ever since the DOGE price rose from a deep sleep, traders have become extremely optimistic about the upcoming price action. The pattern formed is similar to the 2021 bull run; hence, a similar outcome is expected to occur soon. The price is testing the upper resistance of the symmetrical triangle and the current market dynamics suggest a breakout could be mandatory. Besides, the RSI formation also displays a 2021-like pattern, which substantiates the bullish claim. The DOGE price was about to experience a Golden Cross in a short time frame. Interestingly, it is expected to experience a similar event in the long term, which has raised hopes for a 2021-like bull run. Previously, when the Dogecoin price broke out from the consolidation, the levels soared from around $0.003 and marked the highs at around $0.72. Now that the levels are hovering around $0.17, a breakout may elevate the levels not only above $1 but could form a new ATH above a two-digit figure as well. $DOGE
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Solana (SOL) With a jump of ~2% in the past 24 hours, the Solana price continues trading within its ascending channel pattern in the 1D time frame. Notably, it has surged 7.98% over the past week and 15.69% during the past 30 days. This indicates a rising interest of investors in it. The MACD indicator records a constant green histogram with its averages showing a constant rise in the SOL price chart. Further, the Simple Moving Average (SMA) constantly supports the price chart in the 1D time frame. This suggests that the price may conclude this month on a bullish note. If the Solana price successfully reclaims the $181 mark, this could result in it heading toward its yearly high of over the $200 mark. On the other hand, if a bearish trend reversal occurs, the altcoin may retest its support trendline of $155. $SOL
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Ethereum (ETH) Amid a strong bullish recovery, the Ethereum price has jumped ~5% in the past 24 hours with a trading volume of $21.499 billion. Following this, the altcoin leader successfully reclaimed the $2,600 level during the early Asian trading hours. The RSI indicator is on the verge of experiencing a bullish convergence in its 1D time frame. Further, with its EMA 50-day acting as a support, the ETH coin price hints at a bullish outlook during the upcoming time. If the bullish price action remains, the Ethereum token could potentially head toward its important resistance level of $2,800 this week. Conversely, if the geopolitical tension intensifies, this could pull the price of Ethereum crypto toward its $2.5k level.$ETH
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Turbo (TURBO) Amid increased price volatility, the TURBO price has dropped ~10% over the past week. Moreover, with a market capitalization of $622.82 million, it has secured the 208th position in the global crypto list. The Simple Moving Average (SMA) has experienced a bearish convergence in the Turbo price chart. Moreover, the MACD indicator has displayed a constant rise in the red histogram with its averages recording a negative crossover. This suggests a weak buying pressure for the altcoin in the market. Pushing the TURBO price above its resistance level of $0.0107 could result in it retesting its upper high of $0.01344. On the contrary, if the bears gain momentum, the Turbo token could plunge toward its low of $0.0081450. $TURBO
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Artificial Superintelligence Alliance (FET) The FET price has dropped ~1% in the past day with a trading volume of $101.89 million. Moreover, it has lost 5.46% over the past week and 21.22% during the past month. This highlights an increase in the selling pressure. The MACD indicator has displayed a constant flatline in the 1D time frame with its averages recording a similar price action. With a bearish action in its SMA indicator, the FET price hints at a negative outlook in the coming time. If the bulls regain momentum, the Artificial Superintelligence Alliance price will retest its resistance level of $1.650. However, if the bears dominate the crypto space, this AI token could retest its lower support trendline of $1. $FET
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