⭐ The Arbitrum price is at risk of breaking down from a conf | The Buzzing Bee on Binance Square

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⭐ The Arbitrum price is at risk of breaking down from a confluence of support levels, something that could catalyze a sharp fall.
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2 Reasons Dogecoin (DOGE) Could Surge 70% 🚀🚀💫 ‼ READ ‼ Dogecoin (DOGE) recently broke above a falling wedge pattern, which it had been trading within for several months. This type of breakout typically signals a potential upside reversal, hinting at a continued rally. When a falling wedge resolves, the price often rises by the maximum distance between the upper and lower trendlines. For Dogecoin, this could suggest a significant price surge of up to 72%. Should meme coin holders anticipate such a rally? Dogecoin’s positive funding rate highlights growing optimism among its holders about its potential for a sustained rally. Trading at $0.11 at the time of writing, the meme coin has seen its price surge by over 10% in the past week. Since September 17, the coin has posted only positive funding rate, indicating the persistent demand for long positions. This is a bullish signal because it creates a self-reinforcing cycle in which more traders enter the market because they believe the coin’s price will grow — a sentiment that ultimately propels prices even higher. At press time, the meme coin’s funding rate is 0.01%. Dogecoin’s Aroon indicator, which measures trend strength, supports the possibility of a continued rally. The Aroon Up Line, currently at 100%, signals that DOGE is in a strong uptrend, with buying pressure keeping prices near recent highs. Traders view a 100% reading as a sign that the upward trend could persist, especially when the Aroon Down Line is low. As of now, DOGE’s Aroon Down Line stands at 28.57%, indicating a lack of recent lows and reinforcing the strength of the current uptrend. $DOGE

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LINK/USDT TA 🔥 Chainlink is breaking out of an ascending triangle pattern, showing strong bullish potential The Ichimoku Cloud is signaling robust upward momentum, reinforcing the bullish outlook If the trend continues, we could see price targets at $14, $15, $17, and $19 $LINK

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BTCUSDT TA🔥 I'm leaning bullish on BTC. There are two reasons for it. Firstly, a proper flush of leveraged longs has already happened when the lows were swept and secondly, the pivotal point at around 61k has been reclaimed on the daily timeframe. I don't think it makes sense for the price to make a lower low ( if the market is strong ) because of the inflows into BTC after ETF and the positive news pouring in. Losing 60k will be a reason to worry and losing 58k will be making me bearish on the crypto market. But since that's not the case right now , I don't have any reason to say that we could pull back strong from here. $BTC

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SOL/USDT TA 🔥 Solana is approaching the final phase of its triangle pattern, and we’re considering two possible scenarios: 1. Potential 26% Upside Move: The price is nearing the upper resistance zone and remains above the EMAs. We’re watching for a potential breakout, followed by a re-test of the broken zone. If the re-test is successful, we could see a strong upward move from there. 2. Potential 30% Downside Move: If the price faces rejection at the upper resistance or the breakout fails, we’ll shift focus to the support zone. A break below this support, followed by a successful re-test, could lead to a significant downward move. $SOL

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