DOGE Price Prediction: These Levels Are the Target for the Altcoin!
As you have been following on Kriptokoin.com, the market is showing signs of recovery but is struggling to move forward.
Cryptocurrency markets have been battered, but Dogecoin could spearhead the recovery, several months of chart formation suggest.
Meanwhile, XRP is set to make a “big squeeze” against Bitcoin, an analyst observes. XRP could be preparing for another round of massive gains against Bitcoin.
Dogecoin price analysis: these levels are the altcoin’s target!
As you have been following on Kriptokoin.com, the market is showing signs of recovery but is struggling to move forward. According to popular analyst Ali Martinez’s analysis, Dogecoin’s price has been forming a falling wedge pattern on its daily chart since March. The analyst says that a sustained close above $0.10 will trigger a rally towards $0.15.
Musk influence on DOGE price
Meanwhile, Tesla CEO Elon Musk, an active supporter of the leading meme coin whose social media posts on DOGE often trigger price spikes, made another such post. However, this time it failed to have a significant impact on the altcoin’s price. In particular, he shared an image generated by artificial intelligence (AI) with the word ‘D.O.G.E.’ written on it. He suggested that this was an acronym for the ‘Department of Government Efficiency’ that former United States president and current presidential candidate Donald Trump promised himself if elected
Elon Musk’s latest X post did not affect DOGE too seriously. However, it may have prevented it from falling further, down to the $0.071 level amid a bearish trend. Analyst Anbessa commented on Musk’s lackluster impact on Dogecoin price. The analyst suggested that there is still enough potential to greatly boost the altcoin price. However, this will probably take some time.
XRP price forecast: Ready for a “Big Squeeze” against BTC!
Ripple’s native token XRP is on the verge of a major squeeze against Bitcoin, an analyst nicknamed Cryto Michael observes. At the time of writing, the XRP/BTC pair is trading at 0.00000968 BTC. It is down 34.5% so far since the beginning of the year. However, the altcoin has gained 27% since the beginning of June. Squeeze typically occurs when an asset rises sharply due to a large number of short bets. It is possible that such a scenario could play out once again in XRP and BTC.
XRP/BTC looks ready for a huge squeeze pic.twitter.com/O0lzuHbTCZ
It is worth noting that the altcoin price experienced a ‘squeeze’ in August after Judge Analisa Torres delivered the court’s much-anticipated final ruling in the SEC v. Ripple case. However, XRP failed to maintain its bullish momentum beyond a short-term squeeze. A similar scenario took place last year after Ripple’s court victory. As you may recall, the court deemed secondary XRP sales as non-securities.
$XRP / $BTCAnddd there’s your squeeze.
XRP / SEC case is over. And XRP is finally officially declared not a security.
https://t.co/2ba0NcT9lY pic.twitter.com/P4l7BZaqYD
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