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Dogecoin to $24? Analyst Says DOGE Is Basically Ready For the Next Move Cantonese Cat, a recognized cryptocurrency market analyst, has projected an extraordinary price target for Dogecoin, suggesting that the meme coin could rise to $24. This ambitious forecast represents a potential gain of over 5,823% from current levels, fueled by technical indicators and recent whale activity. Dogecoin has experienced mixed performance in recent weeks. After a sharp rally in early November that saw its price climb 132% in three weeks to $0.4800—marking a three-year high—the cryptocurrency has since retraced by 16%, currently trading around $0.4052. Despite this pullback, optimism remains strong among analysts and investors. According to Cantonese Cat, the asset’s recent price movements suggest the cryptocurrency is positioned for a significant breakout. The analyst highlighted that the token has successfully defended key support levels, particularly around the 0.786 Fibonacci extension. Based on historical trends, Dogecoin followed a similar pattern during its 2021 bull cycle, when it rallied from this level to surpass the 2.272 Fibonacci extension, peaking at $0.73995. Cantonese Cat predicts that Dogecoin could replicate this historical pattern and reach the same Fibonacci level at $24. If this target is met, the token’s market capitalization will exceed $3.5 trillion, solidifying its position as a major player in the crypto market. Whale Accumulation Signals Growing OptimismIn addition to technical analysis, recent whale activity further supports the bullish outlook for the asset. Market analyst Ali Martinez has observed significant accumulation among large holders, signaling increased confidence in the asset’s future potential. Martinez shared data that whales holding between 10 million and 100 million DOGE purchased 160 million tokens, valued at approximately $64 million, within the last 24 hours. This accumulation has brought the total to 22 billion DOGE, worth around $9 billion. #DOGE #Dogecoin #memecoin #CryptoTrending #CryptoNews
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Dogecoin to $24? Analyst Says DOGE Is Basically Ready For the Next Move
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Shiba Inu Whales Make 2.79 Trillion SHIB Move: What's Next for Price? Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a comeback in whale activity, with large transaction volumes surging 41.39% in the last 24 hours, according to data from IntoTheBlock. This spike represents a total of 2.79 trillion SHIB, or $76.48 million in monetary terms, signaling renewed interest from large holders after days of declining activity. Large transactions are defined as transfers exceeding $100,000, often related to institutional players or large holders, or “whales.” The current increase might suggest that these large holders might be reentering the market, potentially gearing up for significant moves in SHIB’s price. Shiba Inu has recently had lackluster performance, with falling large transaction volumes and a dip in overall trading activity. In the last 24 hours, Shiba Inu's trading volume was down 18.25% to $679.45 million. According to IntoTheBlock, Shiba Inu's large transaction volume has declined since Dec. 10, from 18.85 trillion SHIB to 1.9 trillion SHIB on Dec. 13. The recent 41% surge in whale transactions might indicate a possible shift in sentiment; whales may be accumulating SHIB at a discount as the crypto market faces profit-taking. Crypto-tracked futures saw nearly $252 million in liquidations over the last 24 hours as the market sell-off accelerated in the early Sunday trading session. The majority of cryptocurrency assets, including SHIB, traded in the red. Will prices follow? At the time of writing, SHIB was down 3.49% in the last 24 hours to $0.00002736 and down 14% weekly. A break above critical resistance levels could spark a rally, but for now, SHIB’s price remains steady. Shiba Inu encountered resistance near the $0.00003 level on Dec. 12 and will mark three out of four days in red if today ends in losses. However, a clear breach above the $0.00003 barrier could boost SHIB's price above $0.000033. SHIB might rise to $0.000039, then to $0.000046. #ShibaInuETF #SHIB #Shibainucoin #Memecoins #cryptonewstoday
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Shiba Inu Whales Make 2.79 Trillion SHIB Move: What's Next for Price?
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XRP Fights for Survival Right Now, Shiba Inu (SHIB) Lost It, Will Solana (SOL) Finally Bounce? Hovering within a descending triangle pattern on the chart, XRP is clearly struggling. Although XRP experienced a huge spike earlier, it is currently struggling to recover and surpass significant resistance levels. The digital asset is currently testing the upper limit of the descending triangle, which has served as a significant resistance zone at $2.17. XRP is currently facing the strongest resistance at $2.50 where sellers have consistently rejected upward moves. Overcoming this level might lead to a push in the direction of $2.80, a crucial area of rejection during the asset's most recent peak. Bullish momentum may return and allow for additional upside if XRP is able to break out of the current descending triangle. Conversely, the 26 EMA or $2.05 is XRP's nearest support. If this level is not maintained, it could hasten the decline toward the $1.87-$2.00 range, a crucial demand zone where buyers have previously intervened. Right now, XRP's on-chain metrics present a significant obstacle. As previously mentioned, the volume of XRP payments fell by an astounding 97%. This drop indicates a decrease in transaction activity, which erodes market sentiment and the asset's overall network usage. XRP may not be able to maintain its price recovery if there is no strong on-chain support. Right now, XRP is in a make-or-break situation. A bullish recovery requires breaking above the descending triangle and taking back $2.5. Further downside pressure though might be anticipated if on-chain metrics continue to deteriorate and the 26 EMA support is broken. Shiba Inu breaches it A crucial indicator that was previously the basis of Shiba Inu's most recent price surge, the 26 EMA support level, has been breached. This breakdown reinforces the bearish outlook by indicating increasing market weakness. #Solana #XRP #Shibainu #cryptocurrencies #CryptoNews
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