The cryptocurrency market experienced a sudden surge in bullish activity on Friday during the U.S. trading hours. The Bitcoin price nearly surged 3% to hit $65890, while a similar momentum was recorded in the altcoin market. It seems the mid-week uncertainty allowed buyers to recuperate bullish momentum before the next leap. Amid the market uptick, the DOGE price forecast shows a 3% intraday jump and a potential breakout from a 4-month correction.
DOGE Price Forcast Hints 40% Rally Amid Flag Formation
DOGE Price Forecast| Tradingview
The recent market recovery bolstered the Dogecoin price to bottom its prevailing correction trend at $0.0916. A bullish turnaround from this support has uplifted the asset 35% to trade at $0.123, while the market cap surged to $17.8 Billion.
This recovery pushed the asset above the 20D EMA signal, an early sign of reversal.
Additionally, Dogecoin has hit a significant milestone, now featuring 90 million addresses as reported by recent data from IntoTheBlock. This marked increase in the number of Dogecoin addresses underscores the growing interest and adoption of this popular memecoin.
Interestingly, the ongoing recovery in DOGE price is still within the channel of flag pattern formation. This bullish continuation setup led by two downsloping trendlines offers a temporary counter-trend move for bulls to replenish exhausted bullish momentum.
DOGE Price Forecast| Tradingview
A bullish crossover state between the MACD (orange) and signal (blue) shows a renewed recovery sentiment in the market. With sustained buying, the DOGE price forecast shows a 5.5% rise before buyers challenge the key resistance trendline at $0.128.
This retest will be pivotal momentum for Dogecoin as a potential breakout from the flag resistance will provide bulls with suitable support to resume a bullish trend. The post-breakout rally may push the asset 41% up to hit $0.174, followed by $0.228.
However, a possible reversal could indicate the sellers have not thrown the towel yet and the correction trend will continue.
Key Takeaway
Amid the recent market recovery, the DOGE price prediction recorded significant growth in the past two weeks. However, the recovery still encapsulated with a flag pattern indicates the potential for further correction in not out. Along with the growth network activity, the rising coin price will have another opportunity to breach the trendline and escape the current correction.
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Frequently Asked Questions
The number of addresses refers to the total count of unique wallet addresses that have been created on a specific cryptocurrency network.
If supply pressure at overhead trendline is intact, the DOGE price prolong its ongoing correction.
The near term sentiment in Dogecoin is bullish amid current market recovery. However, the mid-term trend remains bearish as Flag formation continue.
The price of Bitcoin BTCUSD has fallen by 1.76% over the last 24 hours.Image by TradingView
On the hourly chart, the rate of BTC is rising after a bounce back from the local support level of $63,550. If buyers can hold the gained initiative, the upward move may continue to the resistance of $64,367 until the end of the day.Image by TradingView
On the bigger time frame, one should pay attention to the nearest level of $65,702. Until the price is below that mark, none of the sides is dominating.
In this case, ongoing sideways trading in the zone of $63,000-$65,000 is the more likely scenario until the end of the week.Image by TradingView
From the midterm point of view, the rate of BTC is in the middle of a wide channel, between the support of $52,884 and the resistance of $73,794. There are low chances to expect any sharp moves soon.
The price of XRP has gone down by 5.13% since yesterday.
Image by TradingViewOn the hourly chart, the rate of XRP is looking bearish as it is about to breakout the local support of $0.5458. If it happens, the correction may continue to the $0.54 area and below.
Image by TradingViewOn the daily time frame, the price has continued the fall after yesterday’s bearish closure. At the moment, there are no reversal signals yet.
If the candle closes below $0.55, the energy might be enough for a more profound drop to the vital area of $0.50.
Image by TradingViewFrom the midterm point of view, the weekly bar is about to close bearish. If the picture does not change by the end of the day, bears may get back in the game, which might lead to a decline below $0.50.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
The bitcoin price has rebounded to its all-time highs of almost $70,000 per bitcoin, propping up the wider crypto market including top ten cryptocurrencies ethereum and XRP XRP , as traders await a huge China flip.
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The billionaire Shark Tank star investor Mark Cuban has predicted the bitcoin price could go “higher … [+] than you think.”
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“How high can the [bitcoin] price go,” Cuban asked on X. “Way higher than you think.”
Cuban pointed to bitcoin’s supply cap of 21 million and the market for bitcoin being global, predicting that if the U.S. dollar declines as the global reserve currency, bitcoin could become “a ‘safe haven’ globally” and a “global currency.”
According to Cuban, bitcoin could become what its most ardent supporters “envision”—a means “to protect our savings … It already happens in countries facing hyperinflation.”
The bitcoin price has rocketed higher over the last year, largely due to the world’s largest asset manager BlackRock leading a bitcoin assault on Wall Street.
A fleet of spot bitcoin exchange-traded funds (ETFs), led by BlackRock’s IBIT fund, have become some of the fastest growing ETFs in history since their January launch, sparking speculation the bitcoin price could follow a similar trajectory to gold, which surged in the years after its first ETF debuted.
Cuban also said he believed the growing support among Silicon Valley founders, investors and executives for Republican 2024 White House hopeful Donald Trump is actually a “bitcoin play.”
Musk officially endorsed Trump over the weekend after the former president was injured during an assassination attempt at a campaign rally in Pennsylvania, joining a flood of other tech founders and investors in backing Trump.
“Not because the former president is a far stronger proponent of crypto,” Cuban wrote. “That’s nice. But doesn’t really impact the price of crypto. It makes it easier to operate a crypto business because of the inevitable, and required, changes at the [U.S. Securities and Exchange Commission] SEC.”
The bitcoin price has surged back over the last year, with some issuing bullish bitcoin price … [+] predictions that could mean it goes far higher.
Forbes Digital Assets
The SEC and the Biden administration have been accused of waging a war against bitcoin and crypto—an idea embraced by the influential Democratic senator Elizabeth Warren.
“What will drive the price of bitcoin is lower tax rates and tariffs, which if history is any guide (and it’s not always ), will be inflationary,” Cuban said. “Combine that with global uncertainty as to the geopolitical role of the U.S. and the impact on the U.S. dollar as a reserve currency, and you can’t align the stars any better for a bitcoin price acceleration.”
Cuban, who’s an outspoken Democrat, supporter U.S. president Joe Biden and famously said in 2018 he’d rather have bananas than bitcoin, became a bitcoin and crypto convert through the Covid pandemic and has warned that Trump could win the 2024 election due to Biden’s opposition to crypto.
This week, Trump named the pro-bitcoin and crypto former venture capitalist J.D. Vance as his 2024 running mate.
Trump has leaned into bitcoin and crypto in recent months after making millions from a series of crypto-based digital trading card non-fungible tokens (NFTs) and putting him starkly at odds with the Biden administration’s anti-crypto stance. Trump declared support for crypto in late May and began accepting campaign donations in bitcoin and a handful of other cryptocurrencies.
The rate of Cardano (ADA) has increased by 1.83% over the last 24 hours.
Image by TradingViewOn the daily time frame, the price of ADA is rising after the breakout of the vital level of $0.4210. Until the price is above it, buyers keep controlling the sitution on the market.
In this case, traders may witness an ongoing upward move to the $0.46-$0.47 area soon.
ADA is trading at $0.4380 at press time.
BNB/USD
Binance Coin (BNB) is more of a gainer than ADA, growing by 4.05%.
Image by TradingViewThe price of BNB has broken the $551.2 level. If the daily bar closes near the bar’s high, the accumulated energy might be enough for a further rise to the $580-$600 range.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
The BNB price is trading at $568 with a bearish bias as of 4:30 am EST. BN`b has been sealed in a downtrend over the last four days, with 3.2% losses. Market participants are expecting a sustained uptrend for the exchange token as it trades in a highly bullish chart pattern in the daily timeframe.
BNB bulls seek a return to areas above $625
BNB has had an impressive run in 2024, posting more than 82% gains from year-to-date. In the recent sell-off, the price turned away from all-time highs of $724 reached on June 5, as profit-booking took precedence. This was followed by a steep fall that saw the token lose 27% of its value to seek solace from the buyer congestion zone at $450 on before sharply recovering to the current.
This price action led to the appearance of a V-shaped recovery chart pattern on the four-hour chart, as shown below. This bullish technical formation has seen the BNB price flip two resistance levels into support, the 200-day exponential moving average (EMA) at $506 and the $550 psychological level.
This support-resistance flip suggests a change in market sentiment from bearish to bullish, with the previous resistance level capping the price movement, becoming a new support level from which the price may seek defense.
Traders may consider entering long positions when the price successfully breaches the resistance zone between $600. If they are successful, the price may rise to the neckline of the prevailing chart pattern at $625. Such a move would represent a 10.23% uptick from the current price.
TradingView Chart: BNB/USD
On the other hand, a rejection from the current level could see BNB price drop below the $560 level, where the 50-day EMA and 100-day EMA appear to converge. If this level fails to hold as support, the altcoin could slump to retest the support provided by the $500 buyer congestion zone around which the 200-day EMA currently sits.
In highly bearish cases, the BNB price could descend to the $482 swing low, which would invalidate the bullish thesis.
As the broader crypto market experiences a dip, Solana (SOL) emerges with a promising outlook. Crypto analysts predict a breakout for Solana, potentially driving its price to over $175, a significant 12% rise from its current value. Despite market challenges, Solana price shows signs of strength and resilience, making it a focal point for investors.
1- Solana Price Analysis
Solana Price Action and Trends
Recently, Solana price has shown a steady increase above the $155 zone, indicating a positive trend. The SOL price is now trading above $158, supported by the 100-hourly simple moving average. A key bullish trend line with support at $159 further strengthens this upward momentum.
The primary resistance levels for Solana are $162.50 and $165. A successful close above these levels could lead to further gains, potentially pushing the price to $172 and then to $180. On the downside, failure to surpass the $162.50 resistance could result in a correction, with initial support at $160 and major support around $158 and $155.
Solana Technical Indicators
The hourly MACD for SOL/USD is gaining pace in the bullish zone.
The RSI for SOL/USD remains above the 50 level, indicating continued bullish momentum.
Major support levels: $158, $155
Major resistance levels: $162.50, $165
2- Solana Price Prediction: A Potential Breakout
Solana, currently the fifth-largest cryptocurrency by market cap, is poised for a potential breakout according to analysts. This optimistic scenario hinges on Solana price surpassing key resistance levels, specifically the $162-$164 range. If SOL price breaks through this barrier, it could aim for a new high of $175.
At the time of writing, Solana is trading at $160, reflecting a slight 1.56% increase over the past 24 hours, mirroring the optimism amid the general crypto market downturn. Despite this, a “W” pattern on Solana’s price chart suggests a bullish trend, indicating a potential surge towards $174.
Solana Key Resistance and Support Levels
For SOL price to achieve the $175 target, it must navigate past the $162-$164 resistance range. If successful, the next significant target is $175, with the potential to reach the upper resistance level of $188. However, failure to maintain current support levels, such as the $148 mark, could see Solana price fall to major support levels between $121 and $122.
Solana Price Amid Current Market Performance
Solana price has been trading within a broad range since mid-April, with support at $115 and resistance at $188. A breakthrough at $162-$164 could initiate a bullish trend, propelling SOL price towards its $175 target and possibly beyond to $188.
With this optimism, Solana price is highly expected to surge more soon, by surpassing $165 as a first step, which already occurred just a few hours ago today, and next solana price to surpass would be $175. If step 2 achieved, new highs for Solana this July would be more possible, but reaching $200 this July is not likely to occur. However with the market volatility, SOL price is one of the top cryptos to keep an eye on.
Brandon Briggs, a Christian prophet, has dropped a bullish XRP price prediction that would break all records if it came to fruition. According to a video circulating on social media platform X, Briggs predicted XRP hitting a hefty price tag of $10,000. However, he did not give a timeline of when this would happen. This prediction comes amidst a bullish week for XRP, with the cryptocurrency currently outperforming large other market cap assets.
XRP Price Explosion To $10,000
The XRP price has been subjected to various price predictions in the past months, with the majority of them coming from a technical and/or fundamental perspective. However, Brandon Briggs’ XRP prediction is different from the conventional mode of analysis crypto investors are used to.
According to him, the prediction was made as a direct instruction from God on which asset was the next big thing in the investment world. That is, an asset that would surge massively over the next few years and mimic the performance of Apple.
Consequently, Briggs noted that God told him XRP will go from its current price level to $10,000 one day. Interestingly, Briggs explained further that he had no idea what XRP was until he had the divine revelation. “So I had to Google it, and I found out it was a cryptocurrency,” Briggs said.
WOW! 💥
Brandon Biggs, recognized by many as a prophet, predicted the Trump assassination attempt 3 months ago and said this about XRP:
„#XRP WILL GO TO FROM WHERE IT’S AT RIGHT NOW TO $10,000 ONE DAY!“
The XRP price recently went through a multi-day period of intense bullishness that culminated in a breakout above $0.6 again and a peak at $0.635. At the time of writing, XRP is trading at $0.5726 and is still on a 28.62% weekly gain. In order to reach a price target of $10,000, XRP would need to perform a 1754285% surge from the current price level. Furthermore, this would push XRP’s market cap into the number one spot, assuming Bitcoin doesn’t go through a similar price surge. This is because XRP has a higher maximum supply than Bitcoin.
Some might agree that the XRP prediction appears a little too unrealistic, especially since it is not supported by any technical or fundamental analysis of the cryptocurrency. On the other hand, the idea of an ultra-bullish XRP surge of this nature resonates with some other XRP enthusiasts. Particularly considering Briggs’ earlier prophecy of an assassination attempt on President Donald Trump, which turned out to be correct. Briggs, however, did state in a YouTube video that the prediction is not financial advice and is just his opinion.
According to crypto analyst EGRAG CRYPTO, XRP will need to break above $0.65 before it can enjoy a free run to the $0.75 price level. “Anything below 0.75c is just market noise,” EGRAG said.
XRP would need to steady above $0.60 before a full bullish narrative can return in a long-term outlook. An impending SEC-Ripple deal might see XRP reaching $1 before the end of the year.
The rate of Binance Coin (BNB) has dropped by 1.67% since yesterday.Image by TradingView
On the hourly chart, the price of BNB has broken the local support of $568.60. If the daily bar closes below it, the decline may continue to the $560 zone tomorrow.Image by TradingView
On the bigger time frame, one should pay attention to yesterday’s bar low.
If the closure happens below it, there is a good chance of seeing a test of the $540-$550 zone by the end of the week.Image by TradingView
From the midterm point of view, the rate of BNB has again failed to fix above the $585.30 level. If the weekly bar closes far from it, bears may again seize the initiative, which could lead to a drop to the $550 mark.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
“Bitcoin going to $1 million”: Samson Mow names possible time frame
Jan3 CEO Samson Mow is known for his bullish sentiment toward Bitcoin, with his X profile filled with optimistic forecasts regarding the flagship crypto’s price. Being true to himself, Mow has recently doubled down on his famous “$1 million per Bitcoin” prediction. “Bitcoin is going to $1 million. I am not uncertain,” wrote the CEO in his X post from Tuesday, July 16. Replying to his followers’ comments, Mow specified that this price level could possibly be reached in one year. This was not the only prediction made by Mow this week; on Monday, July 15, the CEO wrote that, in his opinion, the BTC price would never drop below the $60,000 mark ever again.
XRP just secured golden cross: Details
Yesterday, Ripple-affiliated token XRP registered a golden cross formation on its four-hour price chart. This pattern occurs when a shorter-term moving average, such as the SMA 50, crosses above a longer-term moving average, such as the SMA 200. The formation of the golden cross validated XRP’s bullish run and signaled the potential for continued upward momentum. However, at the moment of writing, XRP is trading down 6.56% over the past 24 hours, at $0.5698. Still, it appears that XRP has found strong support at the $0.381 and $0.403 marks. The bullish trend is likely to continue as long as the price of XRP stays above current levels.
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BlackRock’s BTC ETF records massive milestone
According to recent on-chain data, only six months after the launch of BlackRock’s iShares Bitcoin Trust (IBIT), it has surpassed $20 billion worth of assets under management (AUM). To put this into perspective, IBIT currently possesses more assets than both the United States Oil Fund (USO) and the iShares Silver Trust (SLV) put together. Currently, BlackRock’s overall AUM has risen to $10.6 trillion, with its net flows topping $82 billion in the second quarter of this year. According to ETF Store president Nate Geraci, based on the recent streak of inflows, investors and institutional investors are “clearly” showing up to the party.
