Crypto Analyst Predicts Dogecoin Will Rise 3,600% To $3.7, Heres When

Crypto analyst Trader Tardigrade has made an ultra-bullish prediction for Dogecoin (DOGE), suggesting that the foremost meme coin will rise to $3.7. The analyst also provided insights into when this meteoric rise will happen.  When Dogecoin Will Rise To $3.7 The accompanying chart, which Trader Tardigrade shared in his analysis, showed that Dogecoin will rise to $3.7 in 2025 and could be the peak for the foremost meme coin in this market cycle. As part of his analysis, the crypto analyst explained why he was confident that a price pump was on the horizon for the foremost meme coin.  Related Reading: Bitcoin Rainbow Chart Forecasts An End To Bearish Headwinds With $60,000+ Target Trader Tardigrade mentioned that Dogecoin consistently forms inverse Head and Shoulders in each cycle. He further noted that the mem coin is currently at the right shoulder in this cycle, meaning that the price rally that comes after the corrective move on the right shoulder is imminent. His accompanying chart showed how Dogecoin rose to its current all-time high (ATH) of $0.73 after this bullish pattern formed back then.  It is worth mentioning that Trader Tardigrade isnt the only crypto analyst who has predicted that Dogecoin could rise to as high as $3.7 in this bull run. Crypto analyst Kevin Capital (formerly OG Yomi) once predicted that Dogecoin could rise to as high as $3.80 and even surpass it. He explained that the foremost meme coin has never failed to meet or surpass the 1.618 Macro FIB extension measured from previous bull market highs to bear market lows. Kevin also recently provided a bullish analysis for Dogecoin, stating that the meme coin should reach its current ATH or close to it in December later this year. He explained that his prediction is based on the average time between previous ATHs and crypto cycles. He urged Dogecoin holders to stay positive as the market is still in a bullish trend even though it might take a while for the meme coin to recover.  DOGE Could Lead The Next Market Rally Crypto analyst Ali Martinez raised the possibility of Dogecoin being the coin that first breaks out and kicks off the next leg up. The crypto analyst also gave a bullish analysis of the meme coins current price action. Martinez told market participants to watch out for a falling wedge on the daily chart as a sustained close above $.10 could spark a bullish run to $0.15.  Related Reading: XRP Price To $100: Why Has It Not Hit This Price Yet? Kevin also highlighted this falling wedge pattern in a recent analysis, stating that Dogecoin was showing signs of being oversold on higher time frames and looking primed for a breakout soon. He remarked that Dogecoins setup is as bullish as it can be.   At the time of writing, Dogecoin is trading at around $0.09, up over 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Tether Goes Farming With $100M Stake: Details

USDT issuer Tether takes a bite into the food industry. As per the latest sources, the stablecoin behemoth has acquired a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million to diversify its farming and food sector investments. Adecoagro is one of Argentina’s largest major milk producers. This is Tether’s first venture into […]

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Dogecoin To $0.15: Analyst Explains What Could Kick Off A Fresh Rally

An analyst has explained how Dogecoin has been forming a Falling Wedge pattern recently, breaking which may kickstart a new bull rally. Dogecoin Has Been Moving Inside A Falling Wedge Recently In a new post on X, analyst Ali Martinez has discussed a pattern that has recently been forming in the 1-day price of Dogecoin. The pattern in question is the “Falling Wedge” from technical analysis (TA), which is a type of Wedge. A Wedge pattern appears when the price of the asset consolidates between two converging trendlines (that is, the lines have different slopes and are angled inwards). Depending on where this consolidation is headed, the pattern is termed as Falling or Rising. Related Reading: Why Has Bitcoin Been Bearish Lately? CryptoQuant Head Chimes In In a Falling Wedge, the upper line of the pattern connects lower highs in the price, while the bottom one connects lower lows. Similarly, a Rising Wedge has the upper line joining together higher highs and the lower one with higher lows. Just like other TA consolidation patterns, the upper line may continue to act as a source of resistance in the near future, while the lower one may provide support. Also, a break out of either of these trendlines can suggest a continuation of pattern in that direction. Wedges specifically are considered to be formations that lead to a reversal, so a break in the direction opposite to that of the Wedge may be considered to be more likely. Dogecoin has recently been showing a Wedge-like consolidation towards the downside in recent months, so the coin may be forming a Falling Wedge pattern. Below is the chart shared by Ali that showcases this formation. As is visible in the graph, the Dogecoin price has recently made an apparent retest of the bottom line of this Falling Wedge pattern and has found support at it. Thus, it’s possible that DOGE may now see a surge towards the upper trendline. Before the coin retests the upper line, though, there is perhaps another important level it has to surpass first: the 0.236 Fibonacci Retracement level. Fibonacci Retracement levels are based on ratios that are found in the famous Fibonacci series. These levels correspond to the percentage of drawdown as measured between two fixed levels. In the current case, Ali has taken the top of the Falling Wedge as the start of these levels (that is, the 100% or 1 mark). Related Reading: Bitcoin Momentum Indicators Are All Showing Death Cross: Say Hello To Bear Market? The analyst notes that if Dogecoin can manage a sustained close above the $0.10 level (that is, above the 0.236 Fibonacci Retracement), it may be able to start a rally toward the $0.15 level. From the current price of the memecoin, such a potential run would mean an increase of around 53%. It now remains to be seen how DOGE develops in the coming days and whether it would be able to follow any similar trajectory or not. DOGE Price Dogecoin had fallen under the $0.090 mark a couple of days back, but the asset appears to have rebounded as it has now recovered to $0.098. Featured image from Dall-E, charts from TradingView.com

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Important Ethereum Metric Hits a 4-Month High: ETH Price Rally Soon?

"I'm getting excited about the $ETH chart. The bullish divergence is still valid and a higher low has been made," one popular analyst said.

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Ethereum Price Recovery May Stall Near 100-SMA: Is a Drop Coming?

Ethereum price is attempting a recovery wave above $2,280. ETH must clear the $2,360 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,150 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with [...]

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Bitcoin Price Rebounds, But Could the Downtrend Return?

Bitcoin price remained supported near the $52,500 zone. BTC is recovering losses and facing hurdles near the $55,200 and $55,500 levels. Bitcoin is struggling to recover above the $55,500 zone. The price is trading below $55,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $55,200 [...]

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Crypto Research Firm Identifies Why The Bitcoin Price Could Crash To $45,000

10x Research, a digital asset research platform for traders and institutions, has unveiled a foreboding forecast for the price of Bitcoin (BTC). Highlighting current market conditions and Bitcoins recent price dynamics, the research firm projects a massive price crash to $45,000 soon. Bitcoin $45,000 Price Crash Incoming 10x Research has released a report outlining several market [...]

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Cardano Price Prediction for Today, September 9 ADA Technical Analysis

The Cardano price prediction reveals that ADA is moving bullishly with a gain of 3.37%, as the coin prepares for a bullish cross above the [...]

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Tether Ventures into Agriculture with $100M Investment in South Americas Adecoagro

By acquiring a stake in Adecoagro, Tether is signaling a strategic shift from its tech-focused investments.

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Bitcoin Support Retests Reflect September 2023 Patterns: Is Another Bull Run Coming?

Bitcoin has faced significant price fluctuations marked by a notable crash on August 5 that saw its value dip to $49,000. This was followed by a rebound to approximately $65,000, only to experience another decline to around $52,000 last Friday.  Despite these challenges, the largest cryptocurrency by market capitalization is undergoing crucial support retests, reminiscent [...]

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Bitcoin Leveraged Positions Building Up: BTC To $50,000 Or $60,000?

Bitcoin is firm at spot rates, looking at the development in the daily chart. Even so, the downtrend remains, and price action remains within a bearish breakout formation. This outlook follows the dump on September 7 that saw the world’s most valuable coin plunge, approaching the all-important round number, $50,000. Bitcoin Leveraged Positions Building Up Technically, the downtrend remains, especially if bulls can’t unwind the losses of September 7. From an effort-versus-result perspective, the trend set in motion by September 7 will shape the short-term, possibly accelerating the fall below August lows. Related Reading: FET Teeters At Trendline: Will A Breakout Fuel A Run To $1.86? Amid this development, one on-chain analyst notes that there has been a massive accumulation of leveraged positions from March 2024. Though it remains uncertain which direction prices will move, the current state of affairs means sellers have the upper hand. If bulls take over, this would be a massive sentiment boost for BTC bulls, who have had to contend with sharp losses over the past three months. Regardless of the direction, this build-up in leverage position precedes a period of heightened volatility in the coming days. While Bitcoin trends lower, sentiment has taken a hit, explaining the shrinking trading volume over the past two weeks. Since late August, BTC has fallen from around $66,000, losing nearly 20% by last week’s lows.   At the same time, volatility is comparatively low and not unlike the state of affairs when BTC turned the corner, sharply expanding from late February before printing fresh all-time highs in mid-March 2024. Average Funding Rate Is Bullish, Will This Change? Interestingly, despite the lower lows, trading data shows that the average funding rate across derivatives exchanges has remained bullish for over a year. This development could be due to the shift in price action that saw the world’s most valuable coin turn the corner, rising from late Q3 2023. The recovery saw BTC shake off weakness and explode to above $70,000 after losses in 2022 that took the coin to as low as $15,800. Related Reading: Bitcoin Rainbow Chart Forecasts An End To Bearish Headwinds With $60,000+ Target For bulls to dominate in the derivatives market, prices must recover steadily. A break above $66,000 and July highs would likely spur demand, lifting the coin above the multi-month resistance at $72,000. Nonetheless, for this to happen, there must be inflows to spot Bitcoin ETFs. Falling prices have accelerated outflows from this product, meaning institutions are playing safe. So far, SosoValue shows outflows of over $169 million for spot Bitcoin ETF issuers in the United States. Feature image from DALLE, chart from Trading View

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Bitcoin Price Reclaims $54K Level, SUI Explodes 11% Daily (Weekend Watch)

Aside from SUI, the other notable gainers from the larger-cap alts include AVAX and XMR.

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Gala Price Prediction for Today, September 8 GALA Technical Analysis

According to the daily chart, the Gala price prediction shows that GALA is heading toward the resistance level of $0.020 as the price remains within [...]

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We Asked ChatGPT if Bitcoin (BTC) Can Hit $100K if the US Fed Lowers Interest Rates

"BTC could potentially hit $100,000 if the Federal Reserve drops interest rates, but this outcome depends on several other factors, ChatGPT stated.

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Demand for Japanese yen stablecoins is only a matter of time Brad Garlinghouse

Ripple CEO Brad Garlinghouse says that Japans efforts on regulatory clarity have allowed entrepreneurship and investment to really thrive.

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Litecoin Whales On The Move Can They Drive LTC Price Back To $75?

The latest on-chain data shows that Litecoin (LTC) whales have been increasingly active in the market in recent weeks. The question is can they push the altcoins price comeback? Litecoin Whale Activity Ignites In a new post on the X platform, on-chain analytics firm Santiment revealed a sustained increase in whale activity on Litecoin. [...]

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Ether Liquidity Plummets 40% On Exchanges After ETF Debut

Liquidity of Ether on US exchanges has plunged as much as 40% since the first spot Ether exchange-traded funds entered the market on July 23, 2024. That is a move rather expectedly coming for traders and analysts that had previously viewed the ETFs as a means to improve market liquidity and therefore stabilize prices. Instead, [...]

The post Ether Liquidity Plummets 40% On Exchanges After ETF Debut appeared first on Crypto Breaking News.

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Traders Move $4.7 Billion To Stablecoins Amid Crypto Market Uncertainty Details

The crypto market is experiencing a notable shift in liquidity as investors acquire massive amounts of stablecoins due to market uncertainties in the last few months. CryptoQuant analyst with username Percival has provided more insights into this trend of capital rotation. Open Interest In Crypto Market Shrinks As Stablecoins See Liquidity Influx Following a rather [...]

The post Traders Move $4.7 Billion To Stablecoins Amid Crypto Market Uncertainty Details appeared first on Crypto Breaking News.

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Heres Why Bitcoin Price Crashed Below $54,000

The Bitcoin price dropped below $54,000 on September 6 as the flagship crypto experienced a massive wave of sell-offs from traders. This price decline was sparked by developments on the macroeconomic side, which painted a bearish outlook for Bitcoin.  Related Reading: Cardano Bull Sees ADA Jumping 1,000% In An Insane Rally Bitcoin Slides Following Weak Job Report Bitcoins price retreated following a weak August job report. Data from the US Bureau of Labor showed that the unemployment rate fell to 4.2% while the labor market added 142,000 nonfarm payroll jobs. While the unemployment rate was in line with expectations, the job additions were lower than the expected 164,000, initially estimated by market experts.  This further casts doubt on Bitcoins trajectory, considering how fragile the US economy looks at the moment. This poses a threat to risk assets like the flagship crypto. The bearish outlook for Bitcoin was further heightened by the revisions to the July and June job reports, which showed that the US added fewer jobs than was initially reported in those months.  Earlier, Bitcoin had already had an unpleasant start to September, which is historically very bearish for the leading crypto. NewsBTC reported that Bitcoin had suffered a price crash earlier in the week due to the markets still feeling the effects of the Yen carry trade and following significant volatility in the US stock market, with over $1.05 million being wiped out on September 3.  Macroeconomic factors remain primarily responsible for Bitcoins recent bearish price action and the broader crypto market, especially with a rate cut from the US Federal Reserve still in the balance. It is worth mentioning that the July job reports (the lowest job additions over the last two years) and the Yen carry trade were responsible for the August 5 market crash, which caused Bitcoin to drop below $50,000.  Interestingly, Arthur Hayes, the co-founder of the BitMEX crypto exchange, stated that he expects Bitcoin to drop below $50,000 this weekend, revealing that he had opened a short position.  A Rate Cut Looking More Unlikely  For a while now, the crypto market has been anticipating that the Fed will cut interest rates at its next FOMC meeting, which will be held between September 17 and 18. Bernstein analysts predicted that this move would provide some form of bullish momentum for Bitcoins price. However, a rate cut, especially by 50 basis points (bps), is now unlikely following the release of the job data. Crypto commentator The Kobeissi Letter highlighted in an X (formerly Twitter) post that the odds for a 50bps have dropped to 23% on the prediction markets. The Fed might no longer be in a hurry to cut rates since the situation in the labor market isnt as bad as it was initially feared following the release of the July jobs report.  Related Reading: Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum Whatever happens, crypto analysts like CryptoCon are confident that the worst is almost over for Bitcoin. CryptoCon recently noted that Bitcoin was mirroring its price action from the 2016 market cycle and suggested that the flagship crypto was gearing up for its next leg up, which would take it to a new all-time high (ATH).  At the time of writing, Bitcoin is trading at around $54,150, down almost 4% in the last 24 hours, according to data from CoinMarketCap.  Featured image from EastMojo, chart from TradingView

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Top 10 Solana (SOL) Ecosystem Projects by Development Activity

Meme coins like WIF and BONK did not make the list.

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