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Has the $1 Target Been Replaced by Dogecoin's 100% Explosion Following This Historic Rally? With a 112% increase in value over the previous week, Dogecoin (DOGE) has risen to prominence as a leading cryptocurrency. By taking the lead in yet another meme currency fad, DOGE demonstrates that it is still capable of dominating the cryptocurrency market. Factoring in speculation and the meteoric rise of social interaction on X, Reddit, Telegram, and other platforms, meme-based cryptocurrencies are outperforming most assets, according to Santiment research. DOGE's bull market gains reached 30,700% in 2021, a new high. But steep corrections are commonplace with parabolic rises; for example, it fell 80% following its 2017 advance. Traders need to be wary with Dogecoin since it is about to encounter significant resistance levels that may impact its short-term trajectory. According to statistics supplied by CoinCheckup, recent estimates suggest that the price of DOGE is expected to appreciate by 107% during the three-month period, considering the current speed of market trends and rising demand. Predictions for the longer term reveal a more moderate uptick; a 43% increase in six months and a 31% increase in a year are in the works. This gradual steadiness suggests that DOGE has the potential to maintain its upward momentum even if the initial enthusiasm wanes. What is Driving Dogecoin's Recent Gains? According to Santiment's research, meme-related disputes are common in cryptocurrency forums, which correlates with the DOGE rally and a rise in social dominance. The present market's speculative nature is borne out by the increased community participation, which also signals a resuscitated retail presence. The argument for sustained momentum in the short term is bolstered by an uptick in trade activity. #MemecoinWars #DOGE #ElonMusk $DOGE

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Ethereum Price Prediction: 60% recovery despite recent fall Ethereum's recent price drop may be due to increased exchange reserves and diminishing on-chain activity. Ethereum ETFs lost $3.2 million, ending their inflow run. If Ethereum bounces off $2,817 to confirm the inverted head and shoulders pattern, it might rise 60%. A increasing exchange reserve and falling network costs may explain Ethereum (ETH)'s latest price drop, which is approaching $3,000 on Friday. ETH might soar 60% if it breaks $2,817 support. Ethereum has fallen since Tuesday's three-month peak of $3,372. A number of on-chain actions may explain its decline: CryptoQuant reports that Ethereum exchange reserves rose 141,000 ETH worth $430 million in 24 hours. Increased exchange reserves signal stronger selling pressure. The rise in ETH's exchange reserves may explain its 7% drop in two days. A modest dip in on-chain activity may also explain the price drop. Ethereum's total transaction fees dropped from 5.65K ETH on Wednesday to 3.88K ETH on Thursday. After rising since November 9, ETH's total fees fell on Thursday, indicating a reduction in user activity. Ethereum ETFs lost $3.2 million on Thursday, breaking their inflow run, according to Coinglass. This is their first net outflow since November 4. ETH ETFs' trading volume reached $1.63 billion, their highest since debut, notwithstanding outflows. Ethereum price forecast: ETH could rise 60% from $2,817 support. Ethereum fell 1.7% after $54.48 million in 24-hour liquidations. Long and short liquidations were $37.81 million and $16.66 million. Top cryptocurrency is challenging its 14-day EMA at $3,000 psychological barrier. ETH may rebound from $2,817, its critical support level from April to July, if it continues to fall. A bounce from $2,817 will confirm an inverted head-and-shoulders pattern that might push ETH to $4,522 by 60%. It must clear important resistance levels including $3,400, $3,562, $3,732, and its annual high of $4,093. #ETH🔥🔥🔥🔥 #BTCBreaks93k #MemecoinWars $ETH

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Bonk Rises 85% as Big Traders Buy in—Could It Reach $1? Investors and traders are interested in Bonk, the Solana blockchain meme currency, which has risen 85%. The coin's future is questionable as it challenges important support levels around $0.00002635. Bonk wants to stabilize these levels. However, market dynamics and trading behavior will determine whether it maintains positive momentum or deteriorates mood. Bonk's near-term prognosis depends on if it can hold $0.00002635. A new cryptocurrency caught their eye and garnered momentum among Bonk traders during this delay. Bonk's price increase faced resistance around $0.00004002, which may determine its next market cycle phase. Bonk retreated to test vital support at $0.00002812. This level matches the 100-day Simple Moving Average (SMA), which indicates a token's bullish or bearish market structure. If Bonk bounces off this support, the currency may continue to rise. However, a breach below this level might imply a longer correction. The 4-hour graphic shows Bonk's pivotal moment. RSI decreased from 80% to 75%, suggesting decreasing buying pressure. This change suggests the coin is overbought and vulnerable to a reversal. With Bonk trading above the 100-day SMA, bulls appear to be in charge. If the price falls below this moving average, a bearish crossover might further depress the price. If the currency breaches its current levels without a rebound, it might challenge $0.00002320, the next significant support. Market attitude about Solana's performance also affects Bonk's price movement. Since Bonk is built on Solana, big SOL price movements might damage it. Bonk's debut on Binance.US increased enthusiasm, raising the chart before consolidating. #BONK #NextMarketMoves #MemecoinWars #BTCBreaks93k $BONK

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Shiba Inu Battles at $0.000035—What Next? SHIB's price movement shows a fight at $0.000030, indicating a key moment. Despite breaking out of long-term downtrends, SHIB's rising momentum appears to be stalling. SHIB tokens require a strong push to stay above the 0.618 Fibonacci retracement level at $0.0000255, currently approaching $0.000025. Weekly and daily charts show this resistance level and repeated unsuccessful efforts at higher highs, highlighting the battle ahead. The nearest support is the 0.5 Fibonacci level at $0.0000214, which might exacerbate negative pressure and challenge the lower trendline. However, recent price consolidation suggests another move higher, especially if the SHIB token gains momentum. Could a breakout push SHIB to new highs, or will it retrace? Technically, the cryptocurrency's RSI value at 60.93 implies slight bullish enthusiasm. Despite falling short of the overbought 70 barrier, it may continue to rise. Since momentum has changed, the minor downward shift in RSI suggests cautious optimism. This mixed signal suggests buyers are there but losing confidence. The Directional Movement Index (DMI) confirms the bullish view, with the +DI (blue) line at 33.9052 above the -DI (red) line at 12.0740, indicating buyer control. However, the Average Directional Index (ADX) reading of 23.1376 suggests that bulls are leading, but the trend may not be strong enough to support a breakthrough. The SHIB token's daily chart shows an 8.44% drop in value in 24 hours, bringing its market cap to $13.89 billion. This negative price action lowered its trading volume by 46.92%, reflecting investor skepticism after earlier volatility. The cryptocurrency has considerable liquidity with a volume-to-market cap ratio of 13.28%, but the sudden volume decline suggests short-term momentum is fading. If this negative trend continues, the SHIB cryptocurrency might retrace to prior lower highs near $0.000019 and plummet to $0.000017, the 0.382 Fibonacci retracement level. #SHIB #NextMarketMoves #MemecoinWars $SHIB

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Michael Saylor expects Bitcoin will reach $100K by year-end The US election prompted MicroStrategy Executive Chairman Michael Saylor to predict Bitcoin will reach $100,000 by year-end. Bitcoin hit a record high above $93,200 on Wednesday after the US CPI report. MicroStrategy added $2.03 billion in Bitcoin on Monday, bringing its total to 279,420 BTC. Michael Saylor, MicroStrategy's executive chairman, expects Bitcoin will reach $100,000 by 2024, calling the US election the most crucial event for Bitcoin in four years. Saylor told CNBC on Friday that he will organize a New Year's Eve party at his house, anticipating Bitcoin to hit a record high. He downplayed fears that Bitcoin may fall below $30,000, saying it might not dip below $60,000. “It should rise from here. My $100,000 celebration will likely occur on New Year's Eve at my residence. “I would be surprised if we don’t go through $100,000 in November or December,” Saylor said. The cryptocurrency hit a record high of almost $93,200 on Wednesday after the US CPI report. The stock is at $89,800 on Friday, up 3% in 24 hours. Saylor's optimism reflects Bitcoin's recent gains, boosting his confidence in its year-end ascent. Bitcoin hits $75,000 after Trump wins. The executive chairman of MicroStrategy connected Bitcoin's current bull run to Donald Trump's election and the GOP's House and Congress control. After Trump was elected president, Bitcoin reached a record $75,000, suggesting a favorable market trend. Ethereum (ETH), Solana (SOL), and meme currencies follow Bitcoin as a crypto benchmark. According to the Stand With Crypto campaign, 272 pro-crypto House candidates, mostly Republicans, have won seats, suggesting strong legislative support for the business. On Monday, MicroStrategy invested $2 billion in Bitcoin, bringing its total to 279,420 BTC. As the largest corporate Bitcoin holder, MicroStrategy gains with this acquisition. #BTCBreaks93k #BTC100K $BTC

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