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Analysts commented on Dogecoin (DOGE): Will the rise continue? Donald Trump, who won the US presidential election, brought a new peak to Bitcoin. Elon Musk, a Trump supporter, brought Dogecoin ($DOGE ) to the forefront again. The famous businessman, who supported the rise with his Dogecoin posts on X (formerly Twitter), made investors happy. CrediBULL, who has 432,000 followers on X, thinks that DOGE is currently in a suitable area for shorting. However, according to the analyst, the market is in an upward trend and it seems illogical to take a short transaction for Dogecoin during this process. According to CrediBULL, the popular memecoin is targeting the $0.22-23 range. The analyst, who is not considering taking a short transaction in the parity for now, stated that he will inform his followers when he takes any action. Another cryptocurrency analyst, Ali Martinez, stated that Dogecoin is priced within a descending triangle. The analyst, who claims that the critical level for Memecoin is $ 0.198, thinks that if this level is broken, there may be an increase to $ 0.22. Both analysts are following the $ 0.22 resistance for DOGE. Investors may pay particular attention to this level. In addition to these, Elon Musk's social media posts will play a critical role in this process. According to Musk's posts, the parity may experience increased volatility. #CryptoDeNostradame #ParrotBambooCrypto
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“A continuous Bitcoin bull is coming” Bitcoin maximalist Samson Mow made striking statements about the future of the BTC price. Donald Trump’s victory in the US presidential election has stirred the crypto industry. Trump, who said, “I will make Bitcoin a strategic reserve in the US,” became the 47th president of the US. Samson Mow, the founder of JAN3 and a Bitcoin maximalist, evaluated the effects of the election results on the crypto industry. Addressing his followers via X, Mow made the following statements; “Continuous Bitcoin ATHs (all-time highs) are coming soon.” Mow also stated that $BTC will undergo an important test next year. Samson Mow, CEO of JAN3, received questions about the “Bitcoin Omega” candle he had previously predicted. Mow stated that the indicator in question was working and paving the way for new processes. The JAN3 CEO had predicted in his previous articles that Bitcoin would make a rise called Godzilla and approach $1 million. Mow claimed that the “Bitcoin Omega” indicator would work when the BTC price reached $1 million and that higher levels would be seen. The surprising comments of the crypto CEO became a hot topic after Trump won the presidential election. Mow’s followers argued that the predictions were outrageous, but that BTC could reach $100,000. Pro-crypto US Senator Cynthia Lummis emphasized in her statement after the elections that Bitcoin would be a strategic reserve. According to Lummis, the BTC reserve would strengthen the US balance sheet and melt the national debt. Lummis will present the reserve proposal in question to Trump. The proposal includes the US government buying 200,000 BTC per year and accumulating it without selling for at least 20 years. If the strategy is completed, the US government is expected to hold 5% of the total BTC supply. MicroStrategy co-founder and CEO Michael Saylor tweeted on November 6 that the US needs BTC reserves. #CryptoDeNostradame #ParrotBambooCrypto
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Whales are collecting Shiba Inu (SHIB): A 400% increase is possible! According to Onchain data, SHIB whales may be getting ready for a possible rally by taking action again. The increase in SHIB whale activity by over 7,000 percent in the last 7 days has increased confidence in the memecoin. The SHIB price fell by 0.6 percent in the last 24 hours to $0.00001880. The price is currently trending sideways. However, the intense accumulation of SHIB by whales may be signaling a rally. Whale Accumulation with a 7,000% Increase Signals a Rise in Shiba Inu SHIB whales have been making heavy purchases over the past week. According to IntoTheBlock (ITB) data, whales have increased their SHIB holdings by 7,469 percent in the last 7 days. This development indicates that large investors are showing increasing interest in the memecoin. Famous crypto analyst Javon Marks maintains his previous prediction that SHIB price will rise to $0.000081. According to Marks, SHIB’s Relative Strength Index (RSI) is indicating a falling wedge bullish formation on the daily chart. If the analyst’s prediction comes true, this would mean a 4x increase from the current price. The Shiba Inu chart shows the popular altcoin breaking out of a symmetrical triangle formation. This triangle is trading between the $0.00002050 resistance and the $0.00001260 support levels. The price is currently trading above the upper trend resistance of the triangle. The pair needs to gain more volume to break through the $0.00002050 level. If the resistance level is broken, the price is expected to first increase by 45 percent to $0.00002, then increase by 68 percent to $0.000032 and finally reach the target of $0.000081. #CryptoDeNostradame #ParrotBambooCrypto
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Crypto experts set a target for Bitcoin: Fasten your seat belts! Bitcoin Open Position reached $45.4 billion after Donald Trump won the US presidential election. While Bitcoin's price climbed to $75,000, the open position also reached an all-time high. With BTC's peak on November 6, the total number of Bitcoin derivative contracts increased by 13.3 percent to $45.4 billion. When you look at the data in question, it is possible to say that some crypto investors do not expect the Bitcoin price to fall to $73,679 anytime soon. With the possible decrease in the $BTC price, $1.26 billion worth of short (bullish) positions will be liquidated. "BTC will settle between $130,000 and $150,000" Experienced investor Peter Brandt, like other traders who opened short positions, expects an increase. In his post on November 6, Brandt said, "Bitcoin is at an important point in the bull market. “BTC will settle between $130,000 and $150,000 in August or September next year,” he said. Although Bitcoin’s all-time high has begun to create concerns about a downward trend in some investors, analysts disagree with this view. Crypto analyst Rajat Soni stated that the rise is still at the beginning of the process: “We are so early in the adoption process of Bitcoin that we can still exchange BTC for fiat money because most people think that fiat money is backed by a tangible value.” Likewise, analysis firm CryptoQuant stated that Bitcoin has not yet risen too much. “Bitcoin’s new peak does not mean that it is overvalued relative to its cost basis,” the firm said in its X post dated November 6, indicating that Bitcoin’s market and realized value (MVRV) ratio is still far from its peak levels. The higher the MVRV ratio, the more it signals that Bitcoin is overdemanded. When Bitcoin reached its all-time high of $73,679 in March, its MVRV ratio was around 2.87. At the time of publication, Bitcoin’s MVRV score is at 2.19. #CryptoDeNostradame #ParrotBambooCrypto
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Expectation of a “wild rally” for Ethereum (ETH). A major rally is expected for Ethereum (ETH), which is approaching $ 2,900 due to the effects of the elections in the US. Known as the pioneer of altcoins, ETH did not lag behind in the crypto market, which rose after Trump won the elections. ETH increased by nearly 10 percent in the last 24 hours and touched $ 2,880. The leading altcoin has grown by 25 percent since the beginning of 2024. Analysts argued that ETH, which is far from its all-time high, is undervalued. According to analysts, a significant increase may occur in ETH. Crypto analyst Byzantine General addressed his followers via X on November 6. The analyst stated that he expected a “wild rally” for ETH. Byzantine General used the following statements: “I think ETH could start a big rally.” Notable comments for Ethereum (ETH) Data shows that the Ethereum (ETH) price has exceeded $ 2,800 for the first time since August. According to Cointelegraph, the rise in ETH surprised crypto investors. Analyst Miles Deutscher stated that ETH performed better than BTC and SOL in the 24-hour period. Deutscher, who shared on X, used the following statements; “Understand the incomprehensible” Another crypto analyst Benjamin Cowen stated that ETH has a value below its potential against BTC. Cowen argued that the Simple Moving Average (SMA) in the ETH/BTC pair is an important indicator. According to the analyst, if the SMA in the pair in question breaks positively, the uptrend may intensify. The ETH/BTC parity reached its lowest level in recent years at $0.03496 on November 6. ETH, which rose under the influence of Trump, anchored at $0.038 in the BTC parity. Crypto investors predicted that ETH offered a potential buying opportunity and that the rise would continue. Ryandcrypto, who made a striking price prediction, used the following statements: “ETH rising to $5,000 will be the most important rally of all time.” #CryptoDeNostradame #ParrotBambooCrypto
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