President Trump has recently pushed the idea of tariffs as an enabler for the U.S. economy. On social media, he stated that tariffs were responsible for creating a “vast wealth” for the country and disclosed that they would be used to pay for the country’s debt. Trump: Tariffs Will Be Used to Pay the $36 […]
Crypto analyst Master Kenobi has provided insights into the current Dogecoin price action. The analyst revealed that the foremost meme coin was approaching the moving average (MA) line, which could lead to a new all-time high (ATH). Dogecoin Eyes ATH As Weekly RSI Approaches The MA Line In an X post, Master Kenobi revealed that Dogecoin’s weekly Relative Strength Index (RSI) is approaching the MA. He remarked that this is a crucial level that needs to be broken to confirm a continued upward movement. The crypto analyst added that if these barriers are cleared, then the current ATH of $0.74 becomes the next major point of interest for Dogecoin. Related Reading: XRP Price Prediction To $4.9: How The 1-Day 50 MA Will Drive The Next Wave As part of his Dogecoin analysis, Master Kenobi also noted that DOGE has had a solid week, although it is unlikely to close in the ATH zone. As part of the obstacles that DOGE needs to overcome, the crypto analyst highlighted a resistance that the foremost meme coin faces at the upper green trendline on his accompanying chart. This comes after DOGE successfully tested the lower green trendline two weeks ago. From a fundamentals perspective, the crypto analyst noted that Donald Trump’s reinstatement in the White House could serve as both an indicator and a significant catalyst for Dogecoin reaching its current ATH. Crypto analyst Kevin Capital also shared an analysis of what needs to happen for Dogecoin to reach and surpass its current ATH. First, he stated that the meme coin needs to break the macro golden pocket at $0.49, then the Fib .703 level at $0.53, and then a break above $0.59. The crypto analyst asserted that a clean break above $0.59 would pave the way for a new ATH for Dogecoin. DOGE Ready For Next Leg Up The Dogecoin price looks well-primed for the next leg of its bull run. In an X post, crypto analyst Trader Tardigrade revealed that a Dogecoin MACD bullish crossover has occurred on the daily chart. He added that the previous bullish crossover triggered a massive pump for DOGE when it soared from $0.11 to $0.43. Related Reading: Analyst Says Dogecoin Price Can Break To $0.48, But This Needs To Happen First The crypto analyst added that Dogecoin could record a similar rally again. His accompanying chart showed that DOGE could reach the much-anticipated psychological $1 level on this next leg up. In another X post, Trader Tardigrade mentioned that the meme coin has just entered distribution in the “Power of Three” (PO3) pattern. He added that this pattern makes $1 a reasonable target. Master Kenobi also recently predicted that Dogecoin could rally to as high as $1.2 if the meme coin breaks its ATH by the end of January. At the time of writing, the Dogecoin price is trading at around $0.38, up over 15% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
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Bitcoin has a current market capitalization of roughly $1.9 trillion and surpassed silver’s $1.6 trillion market cap in 2024.
In an era where bitcoin (BTC) has become synonymous with substantial wealth, tales of its early days evoke both fascination and disbelief. Most are familiar with the now-legendary story of two pizzas purchased for 10,000 BTC—valued today at nearly $1 billion. However, the chronicles of bitcoin’s history are dotted with equally intriguing accounts of individuals […]
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Meme coins have added over $4 billion to their total market cap in the past 24 hours. Most coins are flashing green – with SPX and GIG being two of the biggest gainers. However, one well-known crypto expert believes the new Meme Index (MEMEX) project could be next for a breakout rally. Meme Coin Market […]
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The Bitcoin market has begun 2025 on a positive note with gains over 5% in the first four days of the year. Amidst this renewed bullish strength, Bitcoin is preparing for a vital encounter with the $99,900 capable of significantly altering its price trajectory in the short term. Related Reading: Bitcoin Remains Below $100,000: Is the Bull Market Over or Just Taking a Breather? Bull Flag Or Bear Flag, Bitcoin Bulls To Call In an X post on January 3, crypto analyst with username Plan D shared an analytical commentary on Bitcoin’s price. Plan D stated the premier cryptocurrency is currently forming a “moon flag” that will face major resistance at $99,900. A “moon flag” here likely refers to a chart pattern that will result in a dramatic price gain upon confirmation. It is based on the bull flag which is a continuation pattern that occurs during an uptrend indicating potential breakout and further price gains. A bull flag is characterized by a period of consolidation after a sharp price gain followed by an uptrend. For Bitcoin’s “moon flag” to become valid, Plan D states the asset must break and stay above $99,900, which may result in a sustained price rise to around $108,000. However, if Bitcoin fails to move above $99,900, this development may indicate confirmation of a bear flag—a bearish chart pattern that mirrors the bull flag but indicates downward momentum instead. In this case, Bitcoin is projected to fall as low as 78,000 indicating a potential 20.3% from its current market price and 27.7% from its all-time high of $108,268. Plan D notes that while altcoins are currently a profit zone for most investors with Bitcoin Dominance on the decline, the crypto market is not safely on an upward trajectory until Bitcoin breaks above $99,900. Related Reading: Bitcoin Price Moves From 56 To 60-Day Cycle After Crash Below $100,000, What To Expect Next BTC Price Overview At press time, Bitcoin continues to trade at $97,903 after price gains of 0.72% and 3.95% in the past one and seven days respectively. However, the premier cryptocurrency remains in the red zone on its monthly chart with a 0.77% loss Amidst Bitcoin’s ongoing price rebound, traders are taking profit as evidenced by a recent reduction in long position on Binance from 66.33% to 56.85%. However, long positions remaining dominant over short positions by 13.7%, indicate that the majority of Binance traders still anticipate Bitcoin to maintain its current uptrend. These bullish sentiments in the Bitcoin market are only likely to grow stronger in the coming days as Donald Trump’s presidential inauguration approaches. Many enthusiasts expect the US President-elect to lead a pro-crypto government based on his electoral campaign promises. Featured image from Investopedia, chart from Tradingview.com
