Dogecoin Sells After 30% Rally Time to sell?
After a 30% surge in seven days, meme currency Dogecoin is flashing a sell signal for corrections.
Investors who were waiting were surprised by Dogecoin's spectacular gain in October. According to crypto researcher Martinez, the meme currency may temporarily correct before continuing its climb.
His observations are based on the TD Sequential indicator, which identifies market fatigue moments.
Possible Dogecoin Overbuy
The daily candlestick shows Dogecoin's ninth straight bullish close, matching the TD Sequential indicator's ninth count. While Dogecoin's persistent rise has been amazing, it suggests a price pullback may be imminent.
This sell signal corresponds with Dogecoin's current overbought situation, adding caution. The Relative Strength Index (RSI) shows that Dogecoin is overbought due to recent purchasing.
At 75.80, the RSI 14 close is high, having peaked at 78.36 in March. This overbought position shows the purchasing frenzy may be unsustainable, indicating a quick drop.
Martinez's remarks underscore Dogecoin's volatility this week. According to his calculations, Dogecoin was worth $0.14575. Dogecoin is now at $0.1424, down 2.3% in a few hours. Meme coin is up 29% in seven days despite this.
As the RSI indicates an overbought position, Dogecoin investors must stay patient. The Fear and Greed Index shows that the whole cryptocurrency market is greedy, including Dogecoin.
If DOGE's 24-hour drop continues into the weekend, it might break below $0.14 and revert to $0.13.
Dogecoin is at its greatest level of interest and conversation since March. This shows that corrections may be brief and that the upswing may continue next week. One crypto researcher predicts a 400% price rise for Dogecoin.
#DOGE #Dogecoin #WhichMemeCoin? #MemeCoinTrending $DOGE
{spot}(DOGEUSDT)
✅ It's been a very bullish week, with over $2 billion in net inflows into spot BTC ETFs helping the Bitcoin price almost reach the $69,000 mark, with 10 more days of ‘Uptober’ to come 📈
Weekly news digest:
💎 Crypto
🔸 Canary Capital has filed registration documents for a spot Litecoin ETF
🔸 Praxis, which bills itself as the world’s first “Network State,” announced it had secured $525 million
🔸 More than $50 million has been lost from a cybersecurity breach at the Radiant lending protocol
🔸 Georgia’s political opposition wants to release a new blockchain solution for public administration
🔸 Someone lost $1.3 million simply due to signing scam transaction
🏦 Exchanges
NYSE and CBOE got SEC approval for Bitcoin ETF options trading
🔸 Scammer gets 5 years in prison for creating fake versions of the Coinbase website and using them to steal more than $20 million
🔸 Monochrome Asset Management is preparing to launch Australia’s first spot Ethereum ETF on the CBOE
💵 Finances and Economy
🔸 ECB lowered interest rate to 3.25% as analysts expected
🔸 76% of Asia-based family offices and high-net-worth individuals have crypto exposure, according to a new report
🔸 Goldman Sachs thinks the Fed has already hit 2% inflation target
⚖️ Law and Order
🔸 FBI arrested alleged SEC hacker linked to fake SEC tweet saying Bitcoin ETFs were approved
🔸 Italy's government will raise taxes on capital gains on crypto such as Bitcoin to 42% from 26% 🇮🇹
🔸 The Central Bank of the UAE has granted preliminary approval for the launch of a first-ever dirham-pegged stablecoin
🙊 Personalities
🔸 Ethereum co-founder Vitalik Buterin set a goal of 100,000 transactions per second for Ethereum
🔸 Netanyahu tells U.S. that Israel will strike Iranian military, not nuclear or oil, targets
🔸 Mr. Beast made $10 million from meme coin pump&dump schemes
🔸 Crypto influencer Jaypeg accused of promotional scam
What happened in Crypto in the last 12h:
- $BTC Surpasses $69.4K
- $APE Launches ApeChain
- $USDT MC Surpasses $120B
- $DYDX $SUSHI Announcement
- https://t.co/zxCgZzc1kx Plans Token Launch
- $MEW Phase 2 Soon
👇
• $BTC - Bitcoin surpasses 69.3k. It's about 6% away from breaking the previous high.
• $APE - Yuga Labs has launched ApeChain. After the launch of ApeChain, $APE surged 118% and many memecoins were created. $BORED and $CURTIS are leading the list.
• The market cap of $USDT Surpasses $120B. USDT's market cap has been continuously breaking its ATH since May last year.
• $DYDX - Charles, CEO of the dYdX Foundation, announced in a tweet that tomorrow he will reveal secrets related to the concepts of moats, trojans, and flywheels. The dYdX team is preparing to launch the Pump platform, a new meme coin platform on dYdXchain.
• $SUSHI - SushiSwap has posted “tomorrow” on X channel, hinting at a announcement.
• https://t.co/zxCgZzc1kx has announced that it will issue its own token on X space. And they released the 'pump advanced' feature.
• $MEW - MEW posted on the X channel that Phase 2 begins soon, hinting at a announcement.
📈 Trading Signal: $WIF /USDT is showing a positive trend with a current price of $2.731 and a 24h high of $2.784, indicating potential for growth.
🔑 Key Levels: BOLL analysis suggests key levels at the upper band of 2.727, middle band at 2.645, and lower band at 2.563. Watch for breakouts or pullbacks at these levels.
📊 Entry Strategy: Consider entering a long position if WIF/USDT breaks above the upper BOLL band at 2.727 with strong volume confirmation.
💡 Key Insights: The 24h trading volume of 41.35M WIF and 110.42M USDT indicates significant market activity. Keep a close watch on price movements for profitable opportunities.
🚀 Price Prediction: With a 24h high at $2.784, WIF/USDT may potentially target the next resistance levels at $2.806 and $2.974 in the short term.
👀 Observations: WIF/USDT has shown a 4.48% increase in the last 24 hours, highlighting bullish sentiment in the market. Stay vigilant for further price movements.
⚠️ Risk Management: Manage risk by setting stop-loss orders and monitoring market developments closely. Be prepared for potential market volatility and adjust your strategy accordingly.
💰 Potential: With strong technical indicators and positive price momentum, WIF/USDT presents a bullish potential for traders looking to capitalize on favorable market conditions.
#Therapydogcoin #MemeCoinTrending #SCRSpotTradingOnBinance #USRetailSalesBoost #BinanceLabsInvestsLombard
{spot}(WIFUSDT)
$SNT $ETH SNT the native cryptocurrency of the Status Network, which is a decentralized platform built on the Ethereum blockchain. Status is both a messaging app and a mobile browser that allows users to interact with the Ethereum network, including decentralized applications (dApps), smart contracts, and more.
Here are some key details about Status SNT
1. Purpose: Status provides users with private, secure messaging, a crypto wallet, and easy access to dApps. It's focused on privacy, censorship resistance, and decentralization.
2. Token Use: SNT is used within the Status ecosystem to power various features, such as governance participation, decentralized marketplace, and other functionalities.
3. Built on Ethereum: As an ERC-20 token, SNT operates on the Ethereum blockchain and follows Ethereum’s token standards.#MemeCoinTrending #
$BTC Denominance
Bitcoin dominance (the percentage of the total cryptocurrency market that Bitcoin represents) typically decreases during periods when:
1. Altcoins Gain Momentum: As new projects and altcoins become popular or offer higher returns, investors may shift their capital away from Bitcoin into these alternatives.
2. Market Sentiment Favors Risk: When the market sentiment is risk-on, investors tend to look at smaller-cap altcoins for potentially higher gains.
3. Ethereum and Other Major Altcoins Rally: Ethereum, for instance, can decrease Bitcoin’s dominance if it experiences a significant rally or adoption increase (e.g., Ethereum upgrades or DeFi and NFT booms).
4. Regulatory News or Bitcoin-Specific Issues: Any negative news targeting Bitcoin, such as potential regulations or mining concerns, can lead to capital flowing to altcoins.
Historically, Bitcoin dominance decreases in alt seasons—periods where the total market cap of altcoins grows faster than Bitcoin's. It's difficult to predict exactly when this will happen, but it often follows a cycle after Bitcoin hits a strong rally and stabilizes. #altsesaon #BinanceSquareFamily
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When whales—large holders of Bitcoin—start accumulating more BTC, it often signals their belief in future price appreciation, potentially driving bullish momentum in the market. Here's why whale accumulation can be significant:
1. **Market Confidence**: Whales tend to buy large amounts during periods of market uncertainty or before an expected bullish move, indicating their confidence in Bitcoin's long-term value.
2. **Reduced Supply**: When whales accumulate, they reduce the circulating supply of Bitcoin. Given Bitcoin's fixed supply, this can create scarcity, pushing prices higher as demand increases.
3. **Market Influence**: Whale movements can affect price trends. When large buyers enter the market, their orders can push prices up, sometimes triggering retail traders to follow, amplifying the effect.
4. Long-Term Holding**: If on-chain data shows that whales are moving Bitcoin to cold wallets or keeping it off exchanges, it suggests they are holding for the long term rather than planning to sell, which can positively impact market sentiment.
Would you like to check whale movements for more insights on the current trend, or discuss further on how this could play into upcoming market shifts?
Here is an analysis of the **SOLUSDT perpetual contract** based on the provided screenshot:
1. **Price Movement:**
- The price is currently at 168.83 after touching a recent high of 170.020.
- There is a slight pullback from the top, indicating some short-term profit-taking, but the uptrend remains strong.
2. **Exponential Moving Averages (EMA):**
- The **7-period EMA (yellow)** at 168.459 is above the **25-period EMA (red)** at 165.489, both of which are well above the **99-period EMA (purple)** at 161.172. This alignment of EMAs is a strong indication of an ongoing bullish trend.
- The price is currently close to the 7-period EMA, which may act as short-term support.
3. **Volume:**
- Volume is moderate, but there was a noticeable spike as the price pushed upward, suggesting increased buying interest at higher price levels.
- If volume starts to decrease while the price is still high, it could indicate weakening momentum.
4. **MACD:**
- The **MACD** shows a bullish crossover, with the **MACD line (yellow)** above the **signal line (blue)**. However, the histogram is flattening out, suggesting that bullish momentum may be slowing.
- The difference between the MACD and the signal line is minimal (MACD: 0.211), which could indicate a period of consolidation or even a potential short-term reversal.
5. **RSI:**
- The **RSI(6)** is at 70.366, and the **RSI(12)** and **RSI(24)** are both above 74, suggesting that the market is overbought in the short term.
- An RSI above 70 typically signals overbought conditions, and the market may be due for a pullback or consolidation before the next leg up.
### Summary:
SOLUSDT is in a strong uptrend, confirmed by the bullish EMA structure and rising prices. However, with the RSI indicating overbought conditions and the MACD histogram flattening, the price may experience a short-term consolidation or a pullback before resuming its upward trajectory. Traders should monitor key support levels (around the 7-period and 25-period EMAs) and watch for potential volume changes or MACD crossovers for signs
Can Pepe Coin Make You a Fortune? 100x Rally to One Cent! ⚡️
Is Pepe Coin the next big money-maker in the crypto world? With its massive community and growing hype, some believe a 100x rally could push this meme-based coin to the elusive one cent mark. But is this just wishful thinking, or a real opportunity to cash in?
The Key to Pepe Coin’s Potential
1. A Strong, Loyal Community – Pepe Coin isn’t just another meme token. It’s powered by a dedicated community of fans who promote and support it at every turn, boosting its reach and adoption.
2. Utility on the Rise – Pepe Coin’s team is pushing to expand the token’s use cases, aiming to give it real-world value beyond just a meme. Partnerships and integrations could be on the horizon.
3. More Exchange Listings – As $PEPE gains traction, it’s expected to hit more major exchanges, making it easier for investors to jump in and increasing its liquidity.
4. Marketing Mastery – The team behind Pepe Coin has nailed their marketing and promotion, attracting attention and creating a buzz that keeps investors interested.
5. Market Sentiment – Meme coins thrive on hype and sentiment, and with the right conditions, Pepe Coin could ride a wave of bullish momentum.
Is Pepe Coin Really Headed for 100x Gains?
While these factors could lead to a major price rally, it’s important to remember that Pepe Coin is still a meme-based token—meaning extreme volatility and risk. The journey to one cent might be filled with wild price swings, so proceed with caution.
What do you think? Can Pepe Coin hit that one-cent target and make millionaires out of early investors? Share your thoughts below!
#MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance #USRetailSalesBoost #Therapydogcoin