BTC Dominance is consolidating within a ascending channel and is currently breaking below the 21MA, while the 50MA acts as support just above the channelâs trendline. âźď¸
A confirmed breakdown from the channel could lead to further downside, potentially triggering a strong bullish rally in the altcoin market.đ
It must have to Close a Daily Candle below 50MA for the Confirmation otherwise ALTs are gonna Bleed đŠ¸
$DOGS S To calculate the value of your 10000 DOGS if the price reaches $0.001 after 3 months, we use the following formula: Calculation: 10000*0.001=10 The increase in the price of cryptocurrencies DOGS can be attributed to several key factors: 1. Supply and Demand: ⢠If demand for the coin increases due to investor interest or associated projects, the price will rise. ⢠A decrease in available supply (due to coin burns or staking) can also drive prices higher. 2. Technical Developments and Projects: ⢠Launching new projects linked to the coin, such as games, metaverse platforms, or technical innovations. ⢠Technological upgrades that improve the coinâs efficiency or popularity. 3. Support from Celebrities and Influencers: ⢠For example, Elon Muskâs influence on Dogecoin shows how endorsements from prominent figures can boost a coinâs price. 4. General Market Trends: ⢠A bullish cryptocurrency market often lifts smaller coins like DOGS. ⢠Increases in major coins like Bitcoin or Ethereum often trigger a rise in smaller altcoins. 5. Positive News or Rumors: ⢠New partnerships, listings on major exchanges, or optimistic predictions from analysts can cause prices to rise. 6. Scarcity and Coin Burns: ⢠If the project burns a significant number of tokens to reduce supply, the value of the remaining coins can increase.#Dogs