A correction has arrived on the crypto market, according to CoinStats.

XRP/USD

The rate of XRP has fallen by 2.89% since yesterday.

On the hourly chart, the price of XRP is declining after a breakout of the support of $0.5163. If the daily bar closes far from that mark, the drop is likely to continue to the $0.50 area.

On the bigger time frame, the rate is coming back to the support of $0.4929. 

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If buyers lose the $0.50 mark, the accumulated energy might be enough for a dump to the $0.48-$0.49 range soon.

From the midterm point of view, it is too early to make any distant predictions. However, if the drop of XRP continues from the current prices, traders may witness a test of $0.48.

XRP is trading at $0.5097 at press time.

Solana price today: $175

• Solana trades broadly unchanged on Thursday, having hit a low of $173 earlier in the day.
• The DEX volume in the Solana ecosystem has dropped significantly, suggesting less activity.
• SOL risks a drop to support at $167 if a correction ensues.

Solana (SOL) price is nearly unchanged on Thursday after declining on Wednesday, putting an end to a four-day streak of gains. The altcoin rallied alongside Bitcoin (BTC) as the largest cryptocurrency chased its previous all-time high of $73,777. Post the correction, the outlook for Solana turns bleak and the altcoin could extend losses and sweep liquidity at the $167 support level, technical and on-chain indicators show. 

Solana DEX volume drops sharply, likely driver of losses

Solana DEX volume represents the total volume traded across decentralized exchanges in the SOL ecosystem. DEX volume observed a significant decline from $13.3 billion in the week starting October 21 to $1.8 billion in the week starting October 28, according to Dune Analytics data. 

Typically, a decline in DEX volume is indicative of either traders losing interest in the ecosystem or a loss in demand. This could negatively impact the token’s price as the chain’s utility drops.

Solana DEX Organic Trends. Source: Dune Analytics. 

Even as DEX volume declines, when compared to other blockchains, Solana leads, followed closely by its competitor Ethereum, according to data from Dune Analytics. 

All chains DEX volume. Source: Dune Analytics

Solana Price Forecast: SOL could dip nearly 5% 

Solana has been in an upward trend since October 3, forming higher highs and higher lows, as seen in the 8-hour price chart below. While the uptrend looks firm, the recent correction casts some doubts over its continuity as prices have failed to produce a higher high since the October 29 peak.

The momentum indicator Moving Average Convergence Divergence (MACD) signals a potential decline in SOL price. The MACD line (blue) has recently crossed below the signal line (red) above the zero line, providing a sell signal. Moreover, red histogram bars under the neutral line are getting longer, showing underlying negative momentum. 

Meanwhile, the RSI reads 54 – slightly above the neutral level – giving little insight into the underlying weakness or strength of the trend. If a correction unfolds, Solana could find first support at $167.42, a level that aligns with the 10-day Exponential Moving Average (EMA) and the upper boundary of the Fair Value Gap (FVG). This would mark a nearly 5% decline in Solana’s price from the current level.

SOL/USDT 8-hour price chart 

If Solana sees a daily candlestick close above $180, a psychologically important level for the altcoin, it could invalidate the bearish thesis. In this case, SOL could test the resistance at the October 29 high of $183. 

The price of Dogecoin recently skyrocketed, making headlines as it hit levels not seen in months. Increased attention from well-known individuals and communities that support Dogecoin as a legitimate digital currency, along with renewed market interest and conjecture about its possible applications, appear to have contributed to the meme-inspired cryptocurrency’s sharp increase in value. 

The overall upswing in the cryptocurrency market may be one of the primary causes of this price explosion. Significant cryptocurrencies like Ethereum and Bitcoin have been gaining traction, which frequently results in altcoins following suit. Furthermore, Dogecoin’s vibrant online community and the buzz it creates on social media frequently cause temporary spikes in demand, which drives prices up quickly. 

Dogecoin is presently confronting a significant resistance level at $0.18 from a technical perspective. Additional gains may be possible if the price can break above this level with consistent buying volume, possibly aiming for the $0.20 mark, a crucial psychological level for traders. When buying interest resumes, DOGE may retrace back to immediate support levels like $0.14 if the current momentum wanes. 

Another important support level is located at about $0.12 below this, and it might serve as a floor if the asset experiences a more widespread market correction. Given that DOGE is approaching overbought levels, the asset may soon go through a cooling-off period, according to the Relative Strength Index.

Dogecoin enthusiasts should be encouraged by the rapid rise, but it is important to exercise caution because DOGE has a history of sharp fluctuations. Anyone following Dogecoin’s next move will need to keep an eye on the $0.18 resistance and $0.14 support levels for the time being.

XRP not gaining strength

XRP has shown indications of weakness and low investor interest, failing to keep up with the upward momentum observed on other digital assets. Major cryptocurrencies are seeing rallies, but XRP seems to be falling behind. The declining trading volume seen on XRP charts, which indicates that fewer traders and investors are interacting with the asset at this time, helps to explain this poor performance. 

Important markers of market strength and interest are volume trends. Fewer people are willing to invest in XRP, as evidenced by the steadily dropping volume, which reduces the asset’s potential for growth. Because there is less buying pressure, XRP is in a position where even small sell-offs can cause prices to drop because there is not enough demand to offset any selling activity. 

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This low volume environment frequently indicates investor hesitancy or lack of confidence. At the moment, the price of XRP is trading close to important support levels, and a recovery appears doubtful in the absence of a significant uptick in trading activity. The technical chart indicates that the 50-day and 100-day moving averages, which are usually crucial for determining bullish or bearish trends, have not yet been overcome by XRP. 

XRP does not currently have the momentum necessary to escape its consolidation phase, but a strong volume break above these levels could signal a possible recovery. Because XRP does not have the purchasing power to spark a significant rally, the general sentiment toward the asset is still cautious.

Record-breaking Ethereum outflows

Despite the fact that it still has to overcome significant resistance levels to indicate a more robust upward trend, Ethereum looks to be preparing for a bearish move. The 100-day Exponential Moving Average (EMA), which has historically served as a critical point of resistance, is currently in range of ETH’s price on the chart. 

Ethereum may be able to aim for even higher levels if this 100 EMA is successfully breached, with the 200 EMA emerging as the next important milestone. With the market as a whole showing little movement and Ethereum stuck in a consolidation phase for months, the cryptocurrency has been going through a difficult time. 

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Investor patience has been put to the test by the market, but recent price movements are giving rise to some hope. Ethereum has the opportunity to emerge from its consolidation and join the current rallies observed on other significant cryptocurrencies now that the 100 EMA is within reach. Still, the 200 EMA is a crucial level to keep an eye on. Shifts toward long-term bullish trends have historically been linked to breaking above the 200 EMA. 

A more prolonged rally may be indicated if Ethereum is able to surpass this barrier, which might enable ETH to profit from the market’s rekindled interest in digital assets. Ethereum still has the potential to grow before hitting overbought territory, despite the fact that its relative strength index (RSI) is rising. 

This arrangement implies that if ETH can keep up its momentum and overcome these resistance levels, there may be more upside potential. Investors might want to keep a close eye on these technical indicators in the days ahead because a strong breakout could change Ethereum’s position and align it with the bullish sentiment of the larger market.

In an attempt to align with the current relief rally, investors have intensified their holdings, shifting to high-potential tokens like Uniswap and Lunex Network.

In doing so, underperforming tokens like Cardano have experienced declining trading volume.

In particular, Lunex Network (LNEX) has seen considerable interest at the beginning of its price discovery. This is due to its impressive market performance, raising over $1.5 million and delivering over 58% ROI to its early adopters, but, more importantly, its hybrid cross-sectional exchange that will simplify trading.

Lunex Network: The New Crypto Currently Offering Over 58% ROI

Owing to its cutting-edge DeFi technology, Lunex Network continues to cause a stir in stage five of its presale as it eyes the $2M mark in the coming weeks. Lunex Network will enable users to trade crypto across multiple chains instantly and anonymously.

Moreover, the Lunex Network protocol acts as a one-stop shop for all DeFi-related transactions, with over 50,000 swappable assets across blockchains, including SOL and ETH. Lunex also offers an exclusive non-custodial wallet that can be accessed via desktop or phone, allowing for greater versatility and next-gen trading experience.

To enhance your trading experience even further, Lunex Network offers a 360-degree portfolio tracker that allows seamless wealth management. Here, users can keep track of their bonds, stocks, and other assets while being constantly updated about the latest market trends through built-in real-world analytics. These features seem to have propelled LNEX’s price as it is currently priced at $0.0019, offering early investors over 58% ROI.

Could Cardano Price Rally 2,288% To Reach $6?

Despite Bitcoin breaking out above $71K, Cardano’s price is still hovering around the $0.3472 mark, a 12% loss from its higher value in the past month. The decimal performance has sparked concern for ADA holders who speculate about the altcoin’s future trajectory. However, On-chain cryptocurrency analyst Ali Martinez has made a bold price prediction based on historical trends.

He noted that the price of ADA is replicating the pattern it had established in 2020, reiterating that if history repeats itself, the Cardano coin will witness an uptrend in early November 18. Moreover, he added that if Cardano can maintain this bullish trend, it will reach a new all-time high by September 2025. Martinez based his argument on Cardano’s 2020 bull run, which, after ADA consolidated for 672 days, the altcoin recorded a parabolic run.

Notably, the ADA token rallied by 4,095% from $0.09 to its ATH of $3.10. With this view, the ADA coin has spent 455 days in the same range after a peak rally. While a breakout happened earlier this year that pushed its value to $0.80, it declined by 65%, returning to lower levels. The analysts believe Cardano’s price could rally by 2288% to peak at around $6.50.

Uniswap Price Breaks Key Resistance Level

Uniswap Network has made ground-breaking development, launching a permissionless cross-chain bridging feature. The innovative feature will offer users a seamless way to move crypto assets between nine blockchain networks. This network development has triggered renewed interest in the UNI token. Backed by the wide market recovery, the price of UNI rallied by over 4% on its daily time frames.

Moreover, Uniswap’s market capitalization and trading volume have increased by over 4% and 33%, respectively. Its technical indicators align with this bullish sentiment. Notably, the token trades above its 10-day simple moving average and 50-day moving average, reflecting its sustained growth metrics. Moreover, the 50-day moving average is starting to converge with the 200-day moving average, reflecting a potential golden cross pattern.

This pattern often signals a bullish pattern. If the price of UNI breaches above the $11 zone, the next target would be around the $14.50 level, followed by a long-term target of $20. On the flip side, if the bullish momentum weakens, the price of Uniswap would find support around the $7.80 mark, which could set center stage for a period of consolidation.

Is LNEX Network a Better Q4 Investment?

Like Cardano and Uniswap, Lunex Network also positions itself for massive gains in Q4. The project has registered significant interest from investors looking to gain more in the coming months. With Lunex Network sharing revenue, where a portion of generated profits from the exchange will go towards buying LNEX tokens from the open market and redistributing them to token holders, its price is set to undergo an impressive surge in the coming months.

Discover the Exciting Opportunities of the Lunex Network (LNEX) Presale Today!

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

DTX Exchange (DTX) and DOGE are currently in a bullish zone, indicating high performance markers amid the shifting market sentiment. While Dogecoin price is gaining momentum following Bitcoin’s price surge, DTX Exchange (DTX) has gained a powerful following after its $6.24 million presale rally went viral – pulling investors from various memecoin projects.

Dogecoin Price Continues Bullish Trend: Jumps Over 7% In a Day

Dogecoin price has recently experienced a bullish trend after its trading value jumped by 7% in the last 24 hours. The rally gained momentum earlier this week and has pushed DOGE to reach $0.17 after making a 7.5% jump yesterday. At the time of writing, Dogecoin price is at $0.169 with a $24.7 billion market cap and a 24-hour trading volume of $3.35 billion.

With the current price spike, memecoin analysts think if DOGE price breaks out from the $0.18 level, it could prepare for a $0.2 rally in the near term. Apart from its recent price rally, DOGE has also gained a strong following for its microtransactions and social media engagement. The Dogecoin price is projected to soon meet with $0.5 and $1 price targets in the long-term.

While Bitcoin’s $71,000 price rally did contribute to the Dogecoin price surge, Musk’s clever endorsement of his favorite memecoin could also be the reason behind DOGE’s rising numbers. His subtle yet game-changing comments had been with DOGE since the time of its launch. Just recently, he revived Dogecoin price by proposing to save American taxpayers $2 trillion through his “Department of Government Efficiency” concept = hence DOGE.

Dogecoin Price Reclaims Key Support Amid Bullish Rally

As if his humorous DOGE promoting scheme wasn’t enough, he also teased his favorite memecoin community as he posted a Dogecoin ($DOGE) image. As always, the memecoin community picked upon this clever marketing technique and helped pump Dogecoin price in a matter of minutes.

Following the humorous kick, Dogecoin price experienced significant moves, resulting in a 28% monthly surge. With a promising price performance history, DOGE is leading other memecoins as the undisputed king of all meme-based altcoins while simultaneously gaining the 8th rank on the crypto marketplace.

As of today, Dogecoin price is consolidating under the $0.15 resistance level. If Dogecoin price is able to break above this, it could signal the start of a new bullish rally that could push DOGE to an upward momentum and reclaim the yearly high price of $0.22. Given the current price action, DOGE might be on the verge of breaking out as investors approach the network.

DTX Exchange’s Growing Investor Confidence Makes Headlines

DTX Exchange (DTX) has gone viral after its unique token holder count exceeded 75,000. Crypto analysts share their POV as to why this emerging deFi platform has gained such recognition in a short span. According to one of the analysts, DTX Exchange has ranked among other cryptocurrencies through its user-friendly environment and technical architecture.

DTX Exchange protocol deploys a set of rules and guidelines that govern how the exchange works, ensuring transparency, security, and efficiency for all traders and investors. The DTX protocol infuses the best CEX and DEX elements to make a striking balance between accessibility and security, building a multifunctional trading platform.

DTX Exchange (DTX) Success Sparks Outrage: Outshines Dogecoin

DTX Exchange’s rapid growth in the deFi sector has alerted many cryptocurrency projects, including Dogecoin (DOGE), Dogwifhat (WIF), and Shiba Inu (SHIB), as their investors are causing a massive outflow to buy DTX tokens and secure high ticket profits in the volatile crypto market.

As Dogecoin price shows signs of a potential breakout, DTX Exchange (DTX) and DOGE go into a head-to-head rivalry amid the broader market sentiment shift. Based on the on-chain data, DTX Exchange’s rising adoption among investors has listed among one of the top performing cryptocurrencies in the market. Join now!

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The cryptocurrency community is going crazy about the prospect of a possible Spot ETF approval for Solana (SOL), which could cause the Solana price to skyrocket to $5,000 and attract new institutional investors. Experts forecast a mind-blowing 15,000% increase within only 25 days for the WallitIQ (WLTQ) altcoin rival, which is set for an even more remarkable climb. Because of their mutual fear of the other’s meteoric rise in the cryptocurrency market, a fierce rivalry has broken out between the two. WallitIQ (WLTQ) altcoin rival is the must-buy token now! 

Altcoin Showdown: WallitIQ (WLTQ) Challenges The Solana Price Amid Spot ETF Hype

The WallitIQ (WLTQ) altcoin rival is creating waves in the market as a formidable competitor as the Solana price looks to capitalize on the potential approval of the Solana Spot ETF. As all eyes are on the Solana price skyrocket possibility, WallitIQ (WLTQ) is stealthily constructing a unique ecosystem that might outperform it. 

Compared to other cryptocurrencies, WallitIQ (WLTQ) is more useful and practical. It simplifies user experiences by removing redundant conversions and offers affordable solutions. People are paying attention to the WallitIQ (WLTQ) AI-powered advances in decentralized finance, which is fitting given all the talk about a possible Solana price rise due to a possible Spot ETF approval.

The speculation about the Solana price is well-founded, but WallitIQ (WLTQ) isn’t only cashing in on the cryptocurrency craze; it’s differentiating itself with the Physical 2 Digital (P2D) wallet. Maximized liquidity and user convenience are provided by this function, which converts tangible assets into safe cryptocurrencies. Talks of a Solana price rise to $5,000 from a potential Solana Spot ETF approval are heating up, and with them comes the realization that the WallitIQ (WLTQ) altcoin rival might provide enormous profits of 15,000% in 25 days.

As talk of a Spot ETF bull run for the Solana price continues, WallitIQ (WLTQ) has emerged as a potential alternative coin that will change the game for cryptocurrency success. It is possible that WallitIQ (WLTQ), with its expanding user base and focus on practical use, can soon become a major player in the cryptocurrency market, even rivaling the Solana price rise.

After listing on CoinMarketCap, the WallitIQ (WLTQ) altcoin rival has attracted investors to join the presale expecting a price surge following the current discounted price of 0.0171 at the first stage which is coming to an end soon. While the Solana price is in the focus, especially with Spot ETF approval negotiations, the WallitIQ (WLTQ) altcoin rival is becoming top in the market.

A rigorous smart contract audit by SolidProof has strengthened WallitIQ’s (WLTQ) platform security, boosting investor trust. WallitIQ (WLTQ), with its Escrow Connect function, offers safe, AI-powered wallet-to-dApp transfers. 

WallitIQ (WLTQ) protects user data and assets with AES and ECC encryption. With the excitement about Solana price swings connected to the prospective Spot ETF, WallitIQ (WLTQ) is becoming a competitive cryptocurrency challenger, giving innovation and trust to its growing community.

Is The Solana Price On Track For A $5,000 Surge With Spot ETF Approval?

After VanEck filed a spot ETF application, the Solana price optimism around the cryptocurrency spiked. Market analysts predict that the Solana price would take a major jump if a Spot ETF is approved by the US Securities and Exchange Commission (SEC), with predictions reaching $5,000 or more. There has been talk that US regulators may soon follow Brazil’s lead and approve a Solana Spot ETF. Similar to the rallies seen in other cryptocurrency assets following ETF certification, experts predict that this move would entice large institutional investment.

A dramatic rebound from an 85-day high has the Solana price at $174.5. The Solana price has outperformed several top-tier cryptocurrencies throughout this surge, and with the approval of a Spot ETF, it might reach $5,000 in the long run. Recent technical indications for Solana price have shown a rebound above important support levels, adding to the optimistic energy around the company as the SEC prepares to ponder on the clearance.

Conclusion

The Solana price is expected to rise to $5,000 with a Spot ETF approval, while WallitIQ (WLTQ) altcoin, might rise 15,000% in 25 days. WallitIQ (WLTQ) altcoin is the rising star in the market.

Join the WallitIQ (WLTQ) presale and community: 

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Join the WallitIQ (WLTQ) Community

*This article was paid for. Cryptonomist did not write the article or test the platform.

Dogecoin has been in a long-standing descending channel, sparking concern about whether the leading meme coin by market capitalization could renew its upward potential. While on-chain metrics and surging open interest indicate the potential for gains ahead, investors are flocking to Cutoshi presale and Toncoin.

Cutoshi, in particular, has attracted traders and investors due to its diverse market appeal. It leverages the cultural values of the Chinese Lucky Cat with Satoshi Nakamoto’s ideals to build an ecosystem that is centered around security and privacy.

Cutoshi’s MemeFi Appeal Draws Investor Interest

Cutoshi has quickly succeeded in the broader cryptocurrency market, establishing itself at the intersection of memes and DeFi. It leverages the cultural values of the Chinese Lucky Cat with the power of decentralization to create an ecosystem where decision-making powers and control lie in the hands of its users. The ecosystem will have superior features, including the multichain DEX platform.

This hybrid exchange will allow users to swap their crypto assets across multiple blockchains, saving time and money. It will also introduce a token farming protocol that enables users to earn token rewards when they complete challenges and quests. Cutoshi Learning Academy will bridge the knowledge gap in cryptocurrency and DeFi. By providing educational material, Cutoshi will empower users to navigate their way to financial freedom and create awareness for the platform.

So far, Cutoshi is in stage two of its presale, with CUTO tokens selling for $0.022 after a leap from its initial offering of $0.015. Moreover, the token has raised over $600,000, further attesting to its growing investor interest. With the recent CMC listing, Cutoshi is well-positioned for success in Q4.

Dogecoin Price Analysis: Could DOGE Stretch $1?

After moving in a descending channel for a prolonged period and paring off some of its weekly gains, Dogecoin’s price appears to have broken out of this trendline. The token holds support at $0.1478 and could be gearing up for renewed upward potential. If DOGE’s price holds above this level, it could pave the way for a bullish reversal, enabling the token to gain more.

The next resistance level would be around the $0.17 mark, which could drive the price of DOGE into higher territory. Its technical indicators align with this bullish sentiment. Dogecoin’s MACD signaled a slight positive divergence, with the MACD line breaching the signal line, highlighting a potential upward momentum. Additionally, Dogecoin’s stochastic relative strength index has dropped below 40.

This means that the DOGE token is treading into an oversold region. While the price of Dogecoin might face retracement in the near term, these indicators signal an underlying bullish sentiment, which sets the stage for potential gains. Moreover, its on-chain metrics indicate net network growth, adding another layer to its bullish setup.

Toncoin Performance, Setbacks, Or Consolidation

Toncoin’s price has rebounded above the $4.92 mark due to the rising demand for Telegram-based games. This has propelled its market capitalization to topple its rivals Cardano (ADA) and Avalanche (AVAX). This reflects the TON coin’s resilience after days of decline that saw the altcoin pare off some of its gains. Its technical indicators signal this positive sentiment.

Its Bollinger Bands and Detrended Price Oscillator (DPO) reveal that TON’s price is gearing to reclaim the $5 resistance level. Additionally, the Bollinger Bands indicate that the TON token is trading above its 20-day simple moving average of $5.17 and has recently retested the lower band, which was at $4.91, reflecting that the altcoin is in oversold conditions.

The bands highlight reduced volatility, potentially setting the stage for a trend reversal. Notably, the Detrended Price Oscillator (DPO) stands around the -0.49 mark, reflecting that the TON coin bearish trends are waning. If the DPO continues to trend upward, the bullish momentum will be validated, particularly if the price of TON breaches above the $5 mark.

Which Crypto To Invest In: TON, CUTO Or DOGE

As Dogecoin and Toncoin navigate the volatile market, Cutoshi’s presale continues to steam up. Its diverse market appeal, coupled with its deflationary mechanism, has positioned Cutoshi to deliver long-term gains.

For more information on the Cutoshi (CUTO) Presale:

https://cutoshi.com/

Join and become a community member:

https://twitter.com/CutoshiToken

https://t.me/cutoshi

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. 

The information on this page does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained herein.

Dogecoin price looks incredibly bullish as large investors, known as “whales”, have poured an additional $149 million into the meme coin in the last 24 hours. This massive capital influx signals strong confidence among influential market players, boosting optimism about DOGE price recovery. One analyst has said the price trajectory of Dogecoin remains “super bullish”, forecasting the crypto asset will rise as high as $10 in this bull run.

Why Is Dogecoin Price Today Surging?

DOGE price increased by 6.9% in the last 24 hours to trade at $0.1764 as of 00:48 a.m. EST. This includes an incredulous 27.8% weekly gain and a 50.9% bi-weekly uptick. Although Bitcoin has played a huge part in the current rally, the upcoming U.S. election is also likely a contributor to the rise of Dogecoin. 

According to Polymarkets, Donald Trump is leading VP Kamala Harris by 66.4% to 33.7%, increasing investors’ hopes of a Trump win, which has come to be perceived as a win for cryptocurrencies. 

Currently, Bitcoin has a 0.94 (94%) correlation with DOGE, according to data from IntoTheBlock (ITB), which means every time BTC rises, the Dogecoin price is highly likely to follow suit.

Rally Not Over As Whales Pour $149M Into DOGE

Data from ITB shows that large investors are betting more on Dogecoin, which is surging higher. Over the last 24 hours, large holder inflow has surged to 861 million DOGE from 3.08 million, signaling whales’ increased confidence in the crypto asset.

Dogecoin price forecast shows whale activity ramped up as the large transaction count surged to a 6-month high. Signaling that Dogecoin’s price could soon break down above that $0.22 barrier. Aside from this, Santiment data shows almost all Dogecoin on-chain metrics are soaring through the roof:

1. Social dominance is at an 8-month high, suggesting that investors are actively talking about Dogecoin.
2. Active and daily active addresses (DAA) broke a 2-week high, meaning new users are likely joining the DOGE ranks.
3. The network-to-volume transaction (NVT) ratio is back to a six-month high, meaning investors value DOGE’s price at a premium.
4. 30-day realized cap just surpassed the 365-day realized cap. When this happens, it means new holders are joining Dogecoin, and previous historical data shows it has always been followed by a price increase 

These metrics suggest the Dogecoin price rally is not over, and the next leg up could come very soon. 

Technical Analysis: DOGE Price Is ‘Super Bullish’

An analyst has called Dogecoin price action “super bullish”, and predicted that the asset is likely to surge to $9-10 by the end of the bull run. He, however, said the immediate targets for the asset are $1-2.70.

DOGE price has surpassed the past resistance (1) well and now faces the second resistance (2). This level has been tested once before but still presents a significant hurdle. If Dogecoin breaks above this resistance, the next major barrier is around $0.22, which coincides with the yearly high and marks a 29% increase from the current price.

Bears can invalidate the current bullish thesis by pushing the price of DOGE below $0.142 (Resistance 1). This would show market weakness and result in a cascade effect of panic selling, pushing the price further lower to $0.105 support.

The crypto-charged U.S. elections are coming up in five days, and the crypto markets, especially Dogecoin, should expect high volatility.

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Evans Karanja

Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.