Dogecoin

Despite the extended bear market, Dogecoin (DOGE) has been able to keep its position among the 10-largest cryptocurrencies by market … Continued
The post AI forecasts Dogecoin price for the end of 2023 appeared first on Finbold.

AI forecasts Dogecoin price for the end of 2023

The price of Dogecoin (DOGE) dropped 0.22% during the past day of trading. Despite the slight drop in DOGE’s price, it was still trading above the 20-day EMA line. A daily candle close above the 20-day EMA line today may lead to it attempting a challenge at the $0.06450 resistance. Technical indicators suggest that Dogecoin […]
The post DOGE at a Decisive Point as Bulls and Bears Battle It Out appeared first on Coin Edition.

DOGE at a Decisive Point as Bulls and Bears Battle It Out

Popular crypto YouTuber Jake Gagain recently voiced his opinions on when the bull market would start and how several meme coins are poised to dominate the market when that happens. Specifically, he seemed most bullish on Shiba Inu (SHIB), asserting that SHIB would topple the biggest meme coin by market cap, Dogecoin (DOGE). The #BullRun Has Officially Begun. — JAKE (@JakeGagain) September 27, 2023 DOGE Has Elon, SHIB Has? In response to Gagain’s tweet, another X user laughed at the possibility of this happening and stated that DOGE had Elon Musk likely suggesting that there was no way SHIB could topple the largest meme coin since it had the support of the world’s richest man. Related Reading: JPEX Scam: Hong Kong Cops Nab 4 More People Linked To Crypto Exchange Musk has been known to be a huge admirer of DOGE and has partially contributed to the token’s growth, especially when it soared by 23,000% to hit an all-time high of $0.7 in 2021. It was also recently revealed that besides his vocal support, Musk is invested in the meme coin as he has been “quietly funding” the token’s development.  With this in mind, many believe that there is no way that SHIB could topple DOGE, which happens to be ranked as the eighth largest cryptocurrency by market cap, with SHIB coming far behind at 19th.  However, while it is undoubtedly a huge task, there are signs that SHIB could be massive (and possibly go head-to-head with DOGE) when the bull market returns. The fundamentals behind SHIB are stronger than ever, especially with the rejuvenation of Shibarium following its botched launch and the increased utility the layer-2 network is currently enjoying.  Crypto market cap currently at $1.055 trillion. Chart: TradingView.com Furthermore, SHIB’s burn rate has increased significantly, which could spark a surge in the token’s price as more and more SHIB tokens are cut out of circulation. It is also worth mentioning that SHIB once surpassed DOGE in market cap at some point in 2021, according to data from CoinGeko. Crypto: Pepe In The Mix Meanwhile, Pepe is another meme coin in which Gagain stated that he was bullish and gave four reasons for his stance. The first reason he gave was that major players, including crypto exchanges like Binance, OKX, Crypto.com, and Bybit, form part of the largest holders of the token and noted that these firms are holding their Pepe bags rather than selling.   His second reason was that Pepe survived the saga, which involved three of the project’s developers dumping $15.6 million worth of Pepe on the market. Despite this, the token has risen in market cap since that event, which could likely mean that the token has bottomed out, in Gargain’s opinion. Related Reading: Bitcoin Long-Term Metrics Point To A Different Scenario Than 2019 Fakeout: Top Analyst The third reason is that Pepe is currently listed on over 100 exchanges, including the biggest centralised and decentralised exchanges. This is something which Gargain believes could give the token more visibility and liquidity by extension. Lastly, he noted that Pepe is currently ranked in the top 100 tokens by market cap and, specifically, the third-largest meme coin by market. As such, it is well positioned to surge massively, especially because meme coins will dominate the next bull run.  Featured image from The Mega Maxi

Crypto Analyst Reveals Which Meme Coin Will Topple Dogecoin In The Bull Market

The meme coin market is heating up again, with Pepe (PEPE) jumping 11% in the past three days. The frog-themed token has been rallying this week thanks to renewed interest in the meme coin sector, with Dogecoin (DOGE) and Shiba Inu (SHIB) also in the green. Meanwhile, the presale for the new gaming token Meme […]

Pepe Price Shoots Up 11% – Time to Buy? Meme Kombat Could Pump Next After Raising $120k?

Dogecoin price is gaining pace on Friday bolstered by a renewed bullish outlook across the market, thanks to the discussions around the approval of the first Ethereum futures ETFs set to start trading as soon as October 3. The largest meme coin has responded extremely well to the news alongside other major cryptos. Bitcoin is up 
The post Dogecoin Price Breaks Higher Above $0.0615, Is The Bull Run Starting? appeared first on CoinGape.

Dogecoin Price Breaks Higher Above $0.0615, Is The Bull Run Starting?

Billionaire investor Ryan Cohen has been appointed as the new Chief Executive Officer (CEO) of GameStop, a brick-and-mortar video game retailer in the United States, a move that could potentially impact Dogecoin. GameStop’s stock and the Dogecoin price have shown signs of correlation. Before assuming this role, Cohen had been the Executive Chairman of GameStop since January 2022 and remained the largest shareholder. The experienced investor takes over in what analysts said is an attempt by the board to turn around the fortunes of the public company. Pro-GameStop Billionaire Takes Over As CEO In this role, Cohen takes over as the President, Chief Executive, and Chairman of GameStop, representing a move to overhaul and possibly revive the company’s leadership structure. While he assumes several positions, reports indicate that the billionaire won’t receive a salary.  Following news of Cohen’s announcement, GameStop prices surged 10%. Analysts interpret this expansion as confidence in the experienced investor’s capability and even genuine commitment to sparking a turnaround following challenges in 2022 and the shifting landscape that has seen sales in brick-and-mortar stores fall.  Related Reading: Research Firm Reveals Its “Altcoin Trading Playbook” The appointment is bullish for GameStop because Cohen is one of the largest shareholders. From September 2020, the billionaire started accumulating aggressively through to December 2020.  The billionaire publicly supported a stock that hedge funds had ignored, as they were betting on a video game retailer to go bankrupt. However, in January 2021, due to a “short squeeze,” GameStop’s stock prices surged by 1,500% as retailers jumped on board, causing the stock to reach around $81. Will Dogecoin Mirror GameStop’s Rally Of 2021? The sharp expansion of GameStop in January due to FOMO and retailers banking on a “meme stock” bear the same characteristics as the sudden rally of Dogecoin in the first half of 2021. At peaks, Dogecoin soared to as high as $0.78 as support from Elon Musk, the world’s richest entrepreneur, pumped the coin to record levels. The CEO of X openly expressed support for DOGE, even appearing on Sunday Night Live (SNL) as the “Doge Master.” Related Reading: Maker (MKR) Rockets To $1,500 With 15% Surge, Will This Run Continue? Beyond Elon Musk, Dogecoin’s status as the first meme coin and its alignment with the broader trend of meme stocks rallying in early 2021, driven chiefly by online communities and social media, fueled DOGE prices. DOGE prices have since cooled off, falling by over 80% as bears pressed on, reversing the project’s huge valuations. Even so, supporters remain bullish, expecting the meme coin to recover in the sessions ahead.  It remains to be seen if Elon Musk will continue tweeting frequently about DOGE. The billionaire is being sued in New York for allegedly promoting Dogecoin as a “get-rich-quick” scheme. The lawsuit claims that Musk, Tesla, and SpaceX were involved in a “racketeering conspiracy” to support DOGE. Feature image from Canva, chart from TradingView

Billionaire Takes Over As GameStop CEO, Bullish For Dogecoin?

Over the last week, the PEPE price has emerged as one of the best performers in the crypto market. This followed a long period of drawdown that dragged the meme coin’s price almost 90% below its June 2023 all-time high. This prolonged bear period coupled with its declining momentum is why the price reversal has caught the market by surprise. Social Discussions Around PEPE Rise To figure out why the PEPE price has been on a rally at a time when the broader crypto market has suffered declines, let’s take a look at the social discussions around the token. In particular, a report from on-chain tracker Santiment shows the social media discussion trends of top meme coins. Related Reading: Factors That Suggest A Recovery For The ADA Price Santiment’s report which was shared on X (formerly Twitter) points out that meme coins have not really been on the radar of traders, except for PEPE. As the chart shows, discussions around the PEPE meme token saw an uptick this week. PEPE sees uptick in discussions | Source: Santiment on X It is the only meme coin whose social media discussions rose during the week with the likes of Dogecoin seeing their own metrics drop to 3-year lows. This uptick could present the reason behind the PEPE price recovery this week. Usually, when investors start getting interested in a coin, they will often talk about it on social media platforms. Depending on whether investors are collectively bullish or bearish, it can cause a swing in the price toward either direction. In this case, the uptick in discussions coincides with the rise in price, suggesting a higher level of bullishness. PEPE Price Rises 16% In One Week PEPE’s double-digit surge this week saw the altcoin hit a local peak of $0.00000075 on Wednesday, resulting in one of its highest levels in September 2023. This rally has since lost momentum but the meme coin continues to maintain a good chunk of its gains. Related Reading: Ethereum Open Interest Barrels Past $5.2 Billion, Is It Time To Buy? The PEPE price is up more than 16% on the weekly chart and enjoying a 92% surge in its daily trading volume over the last 24 hours. This increase in trading volume also shines a light on the rising investor interest, which could suggest a continuation of the rally once the correction finds a bottom. However, with most of the crypto market still deeply in the throes of the bear market, it’s unlikely that the rally would be able to continue for too long, presenting a hindrance. If the coin fails to establish support above $0.00000071, then all of this week’s gains could be wiped out by the time the weekend is over. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet… Featured image from Watcher Guru, chart from TradingView.com

What Is Behind The 16% PEPE Price Recovery And Will It Continue?

Between September 26 and 27, Floki Inu (FLOKI) pumped from $0.00001561 to $0.00001596, in a move that caught the crypto market’s attention. Although FLOKI has retraced to $0.00001590, there were talks about the meme preparing to have a superb performance in October. One person who led the FLOKI conversation was Crypto Tony, the NFT and […]
The post Dogecoin Could Be FLOKI’s Catalyst in October, Here’s How appeared first on Coin Edition.

Dogecoin Could Be FLOKI’s Catalyst in October, Here’s How

Data shows the social dominance of Dogecoin has dropped to the lowest value since 2020, implying that interest in the meme coin has disappeared. Dogecoin And Other Meme Coins Have Seen Declining Interest Recently According to data from the on-chain analytics firm Santiment, meme coins have been occupying a smaller part of the trader interest […]

Is Dogecoin A Topic Of The Past? Social Media Talks At Lowest Since 2020

Dogecoin miners have increased their selling pressure this week. Will it impact DOGE price action in October? 
The post Dogecoin Miners Withdraw $20M in 3 Months – How Will DOGE Price React in October? appeared first on BeInCrypto.

Dogecoin Miners Withdraw $20M in 3 Months – How Will DOGE Price React in October?

Over the past 24 hours, most of the popular meme coins such as Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) saw their prices rise, but Bone ShibaSwap (BONE) experienced a price decline despite its success over the past week. However, all 4 tokens still have the potential to see their prices rise in the […]
The post Meme Coin Watch: SHIB, DOGE, PEPE Up While BONE Faces Headwinds appeared first on Coin Edition.

Meme Coin Watch: SHIB, DOGE, PEPE Up While BONE Faces Headwinds

Shiba inu snapped a recent four-day losing streak on Thursday, as bulls rejected a breakout below a key level of support. The slight rebound in price came as the global crypto market cap was marginally higher, climbing 0.25% as of writing. Dogecoin was also in the green. Shiba Inu (SHIB) Shiba inu (SHIB) ended a […]

Biggest Movers: SHIB, DOGE Snap Recent Losing Streaks

In the constantly changing world of crypto, investors are constantly on the lookout for promising opportunities. Amid the persistent decline in Dogecoin (DOGE) and Stacks (STX), a new contender in Kangamoon has caught the eyes of savvy investors.

Amid Bearish Decline in Dogecoin (DOGE) and Stacks (STX), Investors Find Haven in Kangamoon (KANG)

In a recent tweet, crypto analyst Jake Gagain predicted that Shiba Inu will surpass Dogecoin as the leading meme coin network in the world. According to the crypto analyst, this will happen during the next crypto bull market. The statements of the analyst mirror the beliefs of people within the Shiba Inu community. So far […]
The post Crypto Analyst Predicts SHIB to Overtake DOGE as Leading Meme Coin appeared first on Coin Edition.

Crypto Analyst Predicts SHIB to Overtake DOGE as Leading Meme Coin

A closely followed crypto strategist is predicting a big move to the downside for one Dogecoin (DOGE) rival after forming a bearish structure. Pseudonymous analyst Kaleo tells his 596,500 followers on the social media platform X that Pepe (PEPE) could retrace recent gains and dip by more than 16% from its current value. “PEPE breaking […]
The post Trader Says One Dogecoin and Shiba Inu Rival Is Set for Big Correction, Updates Outlook on Bitcoin and Solana appeared first on The Daily Hodl.

Trader Says One Dogecoin and Shiba Inu Rival Is Set for Big Correction, Updates Outlook on Bitcoin and Solana

The post 3 Tokens That are Changing the Landscape of Crypto: Shiba Budz (BUDZ), Dogecoin (DOGE) & Solana (SOL) appeared first on Coinpedia Fintech News
Cryptocurrencies have revolutionized the financial world, offering decentralized solutions and disrupting traditional systems. Among the vast array of tokens available, three tokens have emerged as major players in the crypto landscape: Shiba Budz (BUDZ), Dogecoin (DOGE), and Solana (SOL). Each of these tokens brings unique features and innovations transforming the industry. Shiba Budz: Revolutionizing Blockchain …

3 Tokens That are Changing the Landscape of Crypto: Shiba Budz (BUDZ), Dogecoin (DOGE) & Solana (SOL)

Dogecoin (DOGE) has recently displayed resilience as it found substantial buying support at the $0.059 level, a zone that has remained unbreached on a daily candle close for nearly a year.  This newfound buying activity hints at a potential challenge to the overhead resistance, marking a crucial juncture for the popular meme coin’s price trajectory. The cryptocurrency market often witnesses sideways trends, characterized by a lack of significant upward or downward movement. DOGE appears to be embracing this sideways movement, oscillating between the overhead trendline and the $0.059 mark. This kind of price action typically indicates indecision among investors, with buyers and sellers locked in a tug of war. Related Reading: Shiba Inu At $0.0000072: Sellers Push For Breakout From Compact Zone At the time of writing, DOGE stands at $0.060772 on CoinGecko, displaying a minor 0.1% decline over the past 24 hours and a 3.7% dip in the last seven days. The $0.06 price level carries more weight than just a numerical value; it represents a psychological threshold that has repeatedly seen DOGE rebound from its depths. The question on everyone’s mind is whether it can maintain its reliability this time. Dogecoin Battle With Resistance In the midst of this lateral price movement, DOGE is on a collision course with a downward-sloping resistance trendline. This trendline has already repelled the price on three separate occasions, signifying a formidable defense by sellers at this level. Price analysis shows that should this resistance intensify, DOGE could find itself revisiting the $0.059 support level, reaffirming its significance. Dogecoin is selling at $0.060 today. Chart: TradingView.com Both the $0.059 horizontal level and the overhead resistance are pivotal factors influencing Dogecoin’s price trajectory. Until one of these levels is decisively breached, the price is likely to remain within a relatively tight range, keeping traders and investors on their toes. Consistent Support And Potential Catalysts A separate report highlights DOGE’s consistent trading volume and network activity, indicating a robust support level. This sustained stability could serve as a catalyst for future price movements, potentially propelling DOGE to new heights or solidifying its reputation for stability. DOGE seven-day price action. Source: Coingecko Related Reading: Solana Bulls Struggle To Break $21 Barrier – What Lies Ahead? However, it’s important to remember that the cryptocurrency market is notoriously volatile. While past performance can offer insights, it’s by no means a guarantee of future results. Thus, investors should exercise caution, conduct thorough due diligence, and remain vigilant as DOGE navigates its current price territory. Dogecoin’s recent price action at the $0.059 support level and its ongoing battle with overhead resistance offer critical insights into its near-term trajectory. As the market keeps a close watch on DOGE’s performance, its ability to maintain stability could hold the key to its future price movements, with the $0.06 threshold serving as a psychological frontier that investors and traders continue to monitor closely. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock

Dogecoin Price Revival: How Increasing Demand At $0.060 Matters

Dogecoin is holding the key support at $0.0595 against the US Dollar. DOGE could start a fresh increase if there is a clear move above $0.062 and $0.0635. DOGE started a fresh decline and retested the $0.0595 level against the US dollar. The price is trading below the $0.062 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.0610 on the 4-hour chart of the DOGE/USD pair (data source from Kraken). The price could struggle to clear the $0.0615 and $0.0620 resistance levels. Dogecoin Price Holds Support After struggling to clear the $0.0635, Dogecoin price started a fresh decline. DOGE declined below the $0.0612 level and even spiked below $0.060. A low was formed near $0.0593 and is currently correcting losses, like Bitcoin and Ethereum. There was a move above the $0.0602 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.0634 swing high to the $0.0593 low. DOGE is now trading below the $0.0615 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0610 level. There is also a key bearish trend line forming with resistance near $0.0610 on the 4-hour chart of the DOGE/USD pair. The first major resistance is near the $0.0615 level. It is near the 50% Fib retracement level of the downward move from the $0.0634 swing high to the $0.0593 low. Source: DOGEUSD on TradingView.com A close above the $0.0615 resistance might send the price toward the $0.0635 resistance. The next major resistance is near $0.0650. Any more gains might send the price toward the $0.0685 level. Are Dips Supported in DOGE? If DOGE’s price fails to gain pace above the $0.0612 level, it could start another decline. Initial support on the downside is near the $0.060 level. The next major support is near the $0.0595 level. If there is a downside break below the $0.0595 support, the price could decline further. In the stated case, the price might decline toward the $0.055 level. Technical Indicators 4 Hours MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. 4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now near the 50 level. Major Support Levels – $0.060, $0.0595, and $0.0550. Major Resistance Levels – $0.0612, $0.0635, and $0.0650.

Dogecoin Price (DOGE) Prediction – Key Support Intact But Bulls Face Challenges

The Bitcoin price has been trading sideways for a while now but this will not always be the case. While there is a chance that the price could end up swinging downward and crashing, a crypto analyst has predicted that a surge in the cryptocurrency’s price is on the horizon. Bitcoin Price Breakout Is Coming A crypto analyst who has grown to prominence on the TradingView site has put forward a bullish prediction for the Bitcoin price. The analyst who goes by the pseudonym Tolberti mapped out a yellow trend line which he believes points toward the next bull rally for the coin. Related Reading: Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns The trend line sits just above the $26,000 level which means that the cryptocurrency is currently close to it. The analyst explains that the BTC price remains bullish despite recent performance, especially as the month of October draws close. Using the Fibonacci retracement which sat at 0.618, Tolberti points out the next significant resistance for Bitcoin. From here, he puts it at $29,167, which after beating, the analyst expects the Bitcoin price to surge above $30,000. A surge of this magnitude would mean that the Bitcoin price rises at least 15% from its current level. Tolberti's chart outlining the forecast | Source: Tradingview.com However, it is not all easy sailing from here as the bears will not give up the fight easily. Speaking about the yellow trend line, the analyst said it is “a gateway to the ultra-huge bull market. Once it breaks, I expect a massive uptrend.” But he cautioned traders to “be aware of a possible retest first. Your stop-loss needs to be safe!” How High Can BTC Price Go? Tolberti’s bullish profile for the Bitcoin price also runs through to the long term. Just like a lot of other analysts, Tolberti expects the cryptocurrency to trade in the six digits in the next bull market. For his long-term prediction, he puts Bitcoin at a price of $125,000. According to a previous analyst, he believes that the Bitcoin price will reach this level sometime in the second quarter of 2025. Interestingly, Bitcoin is not the only cryptocurrency the analyst is bullish on. Altcoins were not left out of the post with the likes of Ethereum (ETH), Dogecoin (DOGE), and XRP making an appearance as other bullish tokens. Related Reading: Upcoming Optimism Unlock Threatens To Drag OP Below $1 Given this forecast, Tolberti believes that the current price of Bitcoin is a good price for investors to buy. “26k is still a good price for Bitcoin to buy in the long term because I expect 120k in 2025,” the post read. Bitcoin is currently showing strength because it continues to hold above $26,000 after the SEC delayed the 21Shares Spot Bitcoin ETF decision. It is currently trending at $26,275, although it’s down 3% in the last week. BTC price shows strength above $26,000 | Source: BTCUSD on Tradingview.com Featured image from Breet, chart from Tradingview.com

Crypto Analyst Predicts Huge Double-Digit Breakout For Bitcoin Price


                    
                    Bitcoin, and even some altcoins are holding steady even as the US dollar index steamrolls to a near 1-year high.
                    Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the US dollar index (DXY) rose to a new year-to-date high. This is a mildly positive sign as it shows a lack of aggressive selling at lower levels.Bitcoin remains stuck inside a range and the directionless price action has kept the traders on the sidelines. Bitcoin’s daily spot exchange transactions topped 600,000 in March but dwindled down to 8,000-15,000 last week, according to new research from on-chain analytics platform CryptoQuant. Low liquidity could lead to volatile moves in either direction, hence traders should be careful and wait for confirmations rather than taking positions on every intraday breakout.Daily cryptocurrency market performance. Source: Coin360The near-term price action remains uncertain but that has not deterred the long-term bulls from adding Bitcoin to their portfolio. MicroStrategy co-founder and executive chairman Michael Saylor announced on X (formerly Twitter) that the firm had acquired 5,445 Bitcoin at an average price of $27,053 per Bitcoin.Could Bitcoin and select altcoins start a short-term up-move? Let’s study the charts of the top 10 cryptocurrencies to find out.Bitcoin price analysisBitcoin is witnessing a tough battle between the bulls and the bears near the 20-day exponential moving average ($26,436). The bulls pushed the price above the 20-day EMA on Sep. 27 but could not clear the 50-day simple moving average ($26,757).BTC/USDT daily chart. Source: TradingViewThis indicates that the bears have not given up and are selling the rallies to the 50-day SMA. The bears will have to pull the price below $25,990 to clear the path for a potential fall to $24,800. This level is likely to attract solid buying by the bulls.On the upside, the first sign of strength will be a break and close above the 50-day SMA. The BTC/USDT pair may then rise to $27,500 and subsequently to the overhead resistance at $28,143. The bears are expected to defend this level with all their might.Ether price analysisEther (ETH) is trying to start a recovery. The price rose above the 20-day EMA ($1,614) on Sep. 27 but the bulls could not hold on to the intraday rally. This shows that the higher levels continue to attract sellers.ETH/USDT daily chart. Source: TradingViewThe bullish divergence on the relative strength index (RSI) favors the buyers. If they retain the price above the 20-day EMA, the ETH/USDT pair could first rise to the 50-day SMA ($1,668) and thereafter attempt a rally to the overhead resistance at $1,746.Contrary to this assumption, if the price remains below the 20-day EMA, it will suggest that the bears are in command. The sellers will then try to yank the price below the important support at $1,531. If that happens, the pair may crash to $1,368.BNB price analysisBNB (BNB) remains below the breakdown level of $220 but a positive sign is that the bulls have not allowed the price to slip below $203.BNB/USDT daily chart. Source: TradingViewThe 20-day EMA ($213) is flattening out and the RSI is just below the midpoint, indicating a balance between supply and demand. This equilibrium will tilt in favor of the bulls if they kick the price above $220. The BNB/USDT pair could then ascend to $235.On the contrary, if the price continues lower and breaks below $203, it will signal that the bears have asserted their supremacy. The pair may then start the next leg of the downtrend to the strong support at $183.XRP price analysisBuyers tried to thrust XRP (XRP) above the 20-day EMA ($0.50) on Sep. 25 but the bears held their ground.XRP/USDT daily chart. Source: TradingViewThe price action of the past few days has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears. Sellers will try to gain the upper hand by dragging the price below the uptrend line. If they are successful, the XRP/USDT pair may descend to $0.46 and then to $0.41.Contrarily, if the price turns up and breaks above the resistance line, it will indicate that bulls are trying to seize control. The pair may then climb to the overhead resistance at $0.56.Cardano price analysisCardano (ADA) bounced off the vital support at $0.24 on Sep. 25 but the bulls are struggling to push the price above the 20-day EMA. This may result in more selling.ADA/USDT daily chart. Source: TradingViewThe $0.24 level is likely to witness a tough battle between the bulls and the bears. If the $0.24 support gives way, the ADA/USDT pair will complete a bearish descending triangle pattern. The pair may then start a downward move to $0.22 and subsequently to the pattern target of $0.19.Contrary to this assumption, if the price turns up and breaks above the downtrend line, it will invalidate the bearish setup. The pair may then start an up-move to $0.29.Dogecoin price analysisThe bears pulled Dogecoin (DOGE) below the $0.06 support on Sep. 26 but the long tail on the candlestick shows buying at lower levels.DOGE/USDT daily chart. Source: TradingViewHowever, the gradually downsloping 20-day EMA ($0.06) and the RSI in the negative territory indicate that bears remain in command. Sellers will make another attempt to sink and sustain the price below $0.06. If they can pull it off, the DOGE/USDT pair may plummet to the next significant support at $0.055.Alternatively, if the price turns up from the current level and rises above the 20-day EMA, it will signal that the bulls are on a comeback. The pair could first rally to $0.07 and thereafter dash toward $0.08.Solana price analysisThe failure of the bulls to propel Solana (SOL) above the 20-day EMA ($19.42) in the past few days shows that the bears are aggressively protecting the level.SOL/USDT daily chart. Source: TradingViewThe price has turned down from the 20-day EMA and the bears will try to build upon their advantage by pulling the SOL/USDT pair below the nearest support at $18.50. If this level cracks, the selling could pick up and the next stop is likely to be $17.33.On the contrary, if the price bounces off $18.50, it will suggest buying on dips. The bulls will then again try to shove the price above the moving averages. If they do that, the pair may jump to $22.30.Related: Bitcoin price to $30K in October, says analyst as BTC price climbs 2%Toncoin price analysisToncoin (TON) has dropped to the 20-day EMA ($2.11) which is an important level to keep an eye on. In an uptrend, buyers generally buy the dips to the 20-day EMA.TON/USDT daily chart. Source: TradingViewHere too, the bulls purchased the fall to the 20-day EMA on Sep. 27 but the long wick on the candlestick shows that the bears are selling at higher levels. If buyers maintain the price above the 20-day EMA, the TON/USDT pair will attempt a rally to the 61.8% Fibonacci retracement level of $2.40.Meanwhile, sellers are likely to have other plans. They will try to yank the price below $2.07 and extend the correction to the next major support at the 50-day SMA ($1.76).Polkadot price analysisPolkadot (DOT) has remained stuck below the 20-day EMA ($4.10) for the past several days, suggesting that the bears are fiercely defending the level.DOT/USDT daily chart. Source: TradingViewThe RSI is showing signs of forming a bullish divergence but the buyers will have to clear the overhead hurdle at $4.22 to reduce the selling pressure. If that does not happen, the risk of a further fall remains.If the DOT/USDT pair continues lower and skids below the immediate support at $3.91, it will indicate the start of the next leg of the downtrend. The next support on the downside is at $3.58.Polygon price analysisPolygon (MATIC) bounced off the critical support at $0.51 on Sep 25 but the bulls could not push the price above the 20-day EMA ($0.53). MATIC/USDT daily chart. Source: TradingViewThis suggests that the sentiment remains negative and traders are selling on rallies. The bears will try to sink the price below the Sep. 11 intraday low of $0.49. A collapse of this support will indicate the resumption of the downtrend.A minor ray of hope for the bulls is that the RSI is forming a bullish divergence. Buyers will have to drive and sustain the price above the 20-day EMA to signal the start of a sustained recovery. The MATIC/USDT pair could then rally to the 50-day SMA ($0.56).This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


Price analysis 9/27: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC

While the major part of the cryptocurrency sector is settling back into the sideways trading mode, Dogecoin (DOGE) is keeping … Continued
The post Investing $100/week into Dogecoin in 2023 would be this worth today appeared first on Finbold.