DOGE
DOGE price surged significantly at the beginning of trading in 2024, rising over 150% after more than a month of sideways consolidation. Interestingly, the token is repeating the same pattern, hence the concern over a 40% pullback haunts the rise in DOGE price. The price is currently trapped in an ascending triangle after rising from a long-term consolidation, similar to before, and is about to test the rising trend line.
Now, the price of Dogecoin has entered a decisive phase, and here are our expectations for the rise in Dogecoin price in 2025.
As mentioned earlier, the token is approaching what currently seems to be a fairly decisive key level. The price has not yet broken through the rising trend line, which has been a strong support, thus maintaining the possibility of a healthy upward trend. If this trading scenario materializes, the price is expected to trade along the rising trend line and reach a peak, then break through the important resistance level of $0.7.
FTM
Ftm's price is about to test the average band of the rising parallel channel, having previously encountered rejection at the mid-term high of $1.44. While market participants may expect a rebound, bears seem to be preparing for a broader correction. On the other hand, the token is about to experience its first golden cross within the weekly timeframe. Therefore, as the price continues to face sufficient bearish pressure, the token remains in a decisive phase.
The weekly MACD shows a decline in buying pressure, while the level is about to experience a bearish crossover. This suggests a possible pullback to a temporary support level slightly below $0.8, which could temporarily delay the golden cross. After the selling volume exhausts, the price may trigger a rebound and march towards the upper resistance level. However, the breakout of the channel will only occur if the bulls manage to exert enough pressure on the token; otherwise, the price may remain in a range-bound consolidation to extend the price trend.
AVAX
After the high of Avax above $140 retraced, it has remained in a decisive phase. Meanwhile, bulls managed to keep the upward momentum above the key support level, so the token is nearing the end of its consolidation. Now, the token has entered the final phase of 2025, and a significant market trend shift may occur.
AVAX price failed to break through the resistance of a decisive triangle, but after a slight pullback, the price triggered a rebound. Additionally, the weekly Gaussian channel turned bullish after a slight bearish trend. Thus, AVAX price may maintain an upward consolidation and break through the upper resistance. Mainly because the RSI has been trading within the recovery curve and has not yet reached the upper limit. Therefore, it is expected that the price will rise in the first half of 2025 and reach levels above $160 to $170.