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Dogecoin Price Analysis – DOGE Price Shot up 50%, Will It Hit $1 in 2021?

The sudden spike with the DOGE price has made the entire crypto space very bullish about the asset and expect to touch new highs in 2021.

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The price of dogecoin (DOGE) more than doubled overnight. Dogecoin that was created as a joke, came close to surpassing Cardano (ADA) and XRP by market capitalization.

Surprisingly an analyst, Pentoshi, had already predicted the trend followed by Dogecoin since 2014 a couple of days before. As per the chart posted by the analysts, the price plunges to the lowest level, close to $0.0000001 and surges to the new highs since 2014.

Therefore if the same trend follows in the current bull run then DOGE price might rally to the highest possible levels or even might touch $1 in 2021.

Also Read : Dogecoin: A Worthy Investment Or A Mere Bubble?

Dogecoin Price Analysis – Will it hit $1?

The sudden spike with the DOGE price has made the entire crypto space very bullish about the asset and expect to touch new highs in 2021. Many analysts predict that Dogecoin will be the winner among all other altcoins in 2021 and may also touch $1 during the bull run.

Also Read : The Story Behind Dogecoin!

At the time of writing, Dogecoin price is trading at $0.064848 USD with a 24-hour trading volume of $23,814,817,029 USD. Dogecoin is up 402.75% in the last 24 hours. The current CoinMarketCap ranking is #9, with a market cap of $8,309,390,322 USD.

Doge chart

The daily chart below shows the magnitude of the ongoing euphoria. The chart shows that before the pump, the currency was forming a bullish pennant pattern that is shown in blue. Therefore, the breakout was partly because of this pennant buildup that has been going on. If DOGE continues at this rate, $0.1 seems to be an immediate target for the meme cryptocurrency.

The sudden spike with the DOGE price has made the entire crypto space very bullish about the asset and expect to touch new highs in 2021. Many analysts predict that Dogecoin will be the winner among all other altcoins in 2021 and may also touch $1 during the bull run.

Source: https://coinpedia.org/news/dogecoin-doge-price-shot-up/

Coinpedia

Will Ethereum Price Plunge Below $2000? Here are the Next Crucial levels for ETH?

With the London hard fork just around the corner, Ethereum price appears to be in trouble. The launch of the EIP-1559 upgrade is also approaching, yet the

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With the London hard fork just around the corner, Ethereum price appears to be in trouble. The launch of the EIP-1559 upgrade is also approaching, yet the coin’s price remains in the bearish zone.

The cryptocurrency ETH/USD struck a high above $2400 last week, but it has now reversed lower from that peak on July 7th.

The price of Ethereum has failed to recover over $2200 and has begun a new downward trend. It is currently trying to keep its price above $2000. If ETH falls below $2000, it could experience a huge drop. The decrease occurred when investors began to believe that the hard fork would be delayed once more.

In a similar fashion to Bitcoin, ETH has dropped from the $2,175 barrier zone. Near $2,100, ETH breached many supports. If Ethereum does not recover above $2,050 or $2,100, it may continue to fall, with additional losses and a retest of $1850-$1900 possible.

On the downside, $2,010 serves as an initial support level. In the short term, closing over $2,100 might kick-start a good recovery wave. Near the $2,175 level, the next major resistance is found. At the time of writing, ETH was trading at $2021.85.

On the other hand, Lark Davis appears to be bullish on Ethereum. According to Davis.:

There are so many catalysts: moving to proof-of-stake (PoS), [ETH] 2.0, [decentralized finance], [non-fungible tokens], EIP-1559, and much, much more – the developer lead and all this stuff. I’m super, super-bullish on Ethereum.”

Earlier today his tweet also was hinting towards his Bullish outlook for the second-largest cryptocurrency.

Ethereum 2.0 has 195,878 validators running the network with a total of 6.268 million #ethereum deposited. Currently we are seeing more ETH a day flowing into ETH 2.0 to stake than is being mined. BULLISH!!!!

— Lark Davis (@TheCryptoLark) July 13, 2021

Source: https://coinpedia.org/price-analysis/ethereum-price-next-crucial-levels/

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Coinpedia

Altcoins are set to skyrocket as Bitcoin Nears $36K key Wyckoff level

The performance of Altcoins is always coupled with the flagship crypto. After the recent crash where BTC dipped below $30K, most altcoins dipped too.

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The performance of Altcoins is always coupled with the flagship crypto. After the recent crash where BTC dipped below $30K, most altcoins dipped too. However, now BTC’s eye at the key Wyckoff level is speculated to ignite a price surge for altcoins.

Bitcoin was up by 4% on Tuesday, After testing $33,000 support overnight, bulls prevailed, propelling Bitcoin higher.

Popular analyst Rekt Capital has highlighted that $36000 is a key level to watch out for now.

According to Wyckoff study, $36,000 will likely mark the end of a “phase C” and the beginning of a “phase D” for BTC/USD, with a bullish trend.

A potential higher target is now an unfilled CME futures gap above $46,500. This would be a major move if it happened because Bitcoin would be breaking out of a trading range it has been in for some weeks.

Trader Filbfilb, on the other hand, had a more practical outlook. The levels that had drawn the most people to the so-called “point of control,” or POC, he claimed, were still under bear control.

“Trend remains down, bears dominating the POC / middle of the range. It is what it is until the POC becomes support.” his Tweet read.

Altcoins witnessing upward momentum

In the meantime, conditions may be ideal for altcoins to outperform Bitcoin in the medium run.

According to trader Michael van de Poppe, it could be more than just BTC/USD that attracts attention in a market where cryptocurrencies tend to “grind up” rather than erupt ahead.

Van De Poppe’s Tweet read,

Most likely expectation is that #altcoins will be grinding up way heavier than #Bitcoin in the coming period.

They looked great and got destroyed through that final drop of #Bitcoin to $30K.

Therefore, I’m expecting them to continue outperforming #Bitcoin in the coming months.

— Michaël van de Poppe (@CryptoMichNL) July 6, 2021

Overnight, some of the top fifty cryptocurrencies by market capitalization jumped by more than 10%. Ether (ETH), the largest altcoin, was trading at $2,340, up 3%. In the meantime, a number of Defi tokens have fared well in the last 24 hours, particularly SUSHI and AAVE, which have both increased by over 20%.

A potential higher target is now an unfilled CME futures gap above $46,500. This would be a major move if it happened because Bitcoin would be breaking out of a trading range it has been in for some weeks.

Source: https://coinpedia.org/altcoin/altcoins-are-set-to-skyrocket-as-bitcoin-nears-36k-key-wyckoff-level/

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Coinpedia

Bitcoin Price Will Never Hit $20,000 Says A Popular Analyst!

Despite multiple dumps and corrections, the Bitcoin (BTC) price may not revisit much lower levels below $20,000

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The slowed pace of the Bitcoin price nowadays has become more worrisome for almost the entire crypto space. On the other hand, the dump to its initial levels after a slight jump had become the new trend of BTC price. Despite the corrections, the price could stand strong on the support levels.

The 50-day MA has always been acting as the strong support level and also as resistance level during an uptrend. The price which was trending in a very decisive phase within an ascending triangle slipped below the levels. However, teh fresh trade bought the price within the triangle and a notable breakout may be imminent.

Also Read: Bitcoin Price Surge to $40K by Mid- July, Ethereum Price Will Blow Past $4400 in Next 6 Weeks, Says Analyst

However, amid a downtrend, the price could stand strong above the support levels. As per a popular analyst, K A L E O, the bids at $20,000 will never get filled. The analyst tried to say that the price may not plunge to these levels ever again.

Bullish Sentiments Gear Up For Bitcoin Price

The positive market sentiments may fuel the upcoming bull run. And yet another upbeat for the BTC price is the sudden drop in the difficulty adjustment. As the miners in China have shut their operations, and relocating, the downward adjustment was dropped from its all-time high of 42.6% to 27.94%.

It’s the very first time in history when the downward adjustment occurred 3 times in a row. With the miners experiencing a hard time in China, the FUD of mining being centralized in China is quashed. And moreover, the hash power may now be equally be distributed around the world.

We just witnessed the largest ever downward #Bitcoin difficulty adjustment 27.94%#Bitcoin just doing it’s thing

— Danny Scott (@CoinCornerDanny) July 3, 2021

On the whole, many analysts and crypto influencers believe many profitable days are yet to come before the end of 2021. Despite the Bitcoin price is ranging around $35,000, yet it is believed to smash $100K. And hence a downtrend may not drag the BTC price below the support levels that stand at $32,828.

Also Read: A Popular Analyst List The Altcoins Which Can Explode In Upcoming Bull Run!

Source: https://coinpedia.org/price-analysis/bitcoin-price-will-never-visit-20000/

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