???????£»?????????? (??????????) //ktsl888.com/ Bitcoin & Cryptocurrency News Today Mon, 21 Oct 2024 03:43:37 +0000 en-US hourly 1 //wordpress.org/?v=6.6.2 //ktsl888.com/wp-content/uploads/2024/05/cropped-favicon-2.png?fit=32%2C32 ?????? ?? - ?????? ?? ?? (??????) //ktsl888.com/ 32 32 221170450 ?38??? ?? - ?38 ?? ?? (?38) //ktsl888.com/analysis/doge/dogecoin-doge-sets-sights-on-0-150/ Mon, 21 Oct 2024 05:08:39 +0000 //ktsl888.com/?p=649008 Dogecoin is rising above the $0.1350 resistance zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1450 resistance.

  • DOGE price started a fresh increase above the $0.1320 resistance level.
  • The price is trading above the $0.1350 level and the 100-hourly simple moving average.
  • There is a key bullish trend line forming with support at $0.1420 on the hourly chart of the DOGE/USD pair (data source from Kraken).
  • The price could gain bullish momentum if it clears the $0.1450 and $0.1465 resistance levels.

Dogecoin Price Eyes More Upsides

Dogecoin price started a fresh increase above the $0.1200 resistance zone. DOGE gained traction for a move above the $0.1320 resistance zone, beating Bitcoin and Ethereum. There was also a move above the $0.1350 and $0.1400 resistance levels.

The price traded as high as $0.1467 and recently saw a minor downside correction. The price dipped below the $0.1420 level. It traded below the 23.6% Fib retracement level of the upward move from the $0.1206 swing low to the $0.1467 high.

However, the bulls are active above the $0.1350 level. There is also a key bullish trend line forming with support at $0.1420 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.1320 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1465 level. The next major resistance is near the $0.1480 level.

Dogecoin Price

A close above the $0.1480 resistance might send the price toward the $0.1520 resistance. Any more gains might send the price toward the $0.1550 level. The next major stop for the bulls might be $0.1585.

Are Dips Supported In DOGE?

If DOGE’s price fails to climb above the $0.1465 level, it could start another decline. Initial support on the downside is near the $0.1420 level. The next major support is near the $0.1400 level.

The main support sits at $0.1335 or the 50% Fib retracement level of the upward move from the $0.1206 swing low to the $0.1467 high. If there is a downside break below the $0.1335 support, the price could decline further. In the stated case, the price might decline toward the $0.1250 level or even $0.1220 in the near term.

Technical Indicators

Hourly MACD �The MACD for DOGE/USD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) �The RSI for DOGE/USD is now above the 50 level.

Major Support Levels �$0.1465 and $0.1500.

Major Resistance Levels �$0.1420 and $0.1335.

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649008
????? ??? ?? - ????? ??? (?????) //ktsl888.com/analysis/xrp/xrp-price-catch-wave-0-5550/ Mon, 21 Oct 2024 04:08:59 +0000 //ktsl888.com/?p=649005 XRP price is holding gains above the $0.5350 zone. The price is still struggling to clear the $0.5550 hurdle despite a steady rise in Bitcoin.

  • XRP price is consolidating above the $0.5380 zone.
  • The price is now trading near $0.5420 and the 100-hourly Simple Moving Average.
  • There was a break above a connecting bearish trend line with resistance at $0.5420 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could gain bullish momentum if it clears the $0.5450 and $0.5550 resistance levels.

XRP Price Eyes Steady Increase

XRP price remained stable above the $0.5350 support zone. However, it failed to gain bullish momentum like Bitcoin and Ethereum. There was a minor upward move from the $0.5380 swing low.

The price climbed above the $0.5420 resistance. There was a move above the 23.6% Fib retracement level of the downward move from the $0.5656 swing high to the $0.5380 low. There was a break above a connecting bearish trend line with resistance at $0.5420 on the hourly chart of the XRP/USD pair.

The price is now trading near $0.540 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.550 level or the 50% Fib retracement level of the downward move from the $0.5656 swing high to the $0.5380 low.

XRP Price

The first major resistance is near the $0.5550 level. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.5800 resistance. Any more gains might send the price toward the $0.5880 resistance or even $0.5925 in the near term. The next major hurdle might be $0.6000.

Another Drop?

If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.540 level. The next major support is near the $0.5380 level.

If there is a downside break and a close below the $0.5380 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits near the $0.5250 zone.

Technical Indicators

Hourly MACD �The MACD for XRP/USD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) �The RSI for XRP/USD is now above the 50 level.

Major Support Levels �$0.5400 and $0.5380.

Major Resistance Levels �$0.5500 and $0.5550.

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??? ????? - ? ????? (?????) //ktsl888.com/news/xrp-could-skyrocket-over-4000-analyst-forecasts-price-hitting-27/ Mon, 21 Oct 2024 04:00:54 +0000 //ktsl888.com/?p=648962 An analyst presumes that if XRP continues growing with the same percentage rate by March 2025 or Q1 2025, then price targets of $6.40 and $27 will be seen. This is based on historical price actions because XRP can be seen rallying within such a time frame. Though the targets appear quite ambitious, he uses previous performance as a sign for future gain and is setting up major growth opportunities for the owners of XRP.

According to crypto expert Egrag Crypto, XRP, which is currently trading at $0.53, has experienced impressive surges of 3,300% and 700% at different times, suggesting that significant price movements could happen as we approach March 1, 2025, or even sooner in the first quarter. Crucially, these forecasts are backed by technical analysis, chart patterns, and liquidity assessments, rather than mere optimism.

Technical Analysis And Market Sentiment

The forecast is mostly on-chain metrics about Bifrost Bridge moving up, almost in the same direction with big stocks as that of FANGMAN.

FANGMAN includes seven of the biggest tech companies or tech mega-caps of the world — Meta (Facebook), Amazon, Netflix, Alphabet (Google), Microsoft, Apple and Nvidia. FANGMAN stocks are high alpha counters, which usually depend on growth and future guidance.

This comparison says that even if it’s going through tough regulations and issues with the courts, XRP might be one of the biggest long-term benefits an investor could ever have by closing out the noise and just focusing on the data.

This move will have the pending case in the SEC cast as a huge boulder for the investors in XRP, with constant appeals and delays testing the patience of many investors. However, Egrag urges the XRP Army to keep moving forward with undivided attention.

Instead, it’s important to focus on these cycles and levels of liquidity since they are actually capable of providing various positive insights concerning long-term price trends. With this in mind, the wise investor would be able to determine the direction XRP’s price is headed.

A Resilient XRP Community

The litigation to be heard against the SEC will take time, but the battle will prove to be short-term when one weighs this against the long-term potential of the cryptocurrency.

What is different about the XRP community, which calls itself the XRP Army, from many other crypto communities, is its strength and resilience. Where the crypto communities often flinch before a challenge, the XRP Army holds the line in arguing for the utility value of XRP in real-world applications.

These analysts believe the community is flexible, emotionally supportive, and forward-looking, making them one of the most informed groups in the cryptocurrency landscape.

The Campaign For Clarity In The Crypto World

People are now calling for better cryptocurrency regulations that would push the XRP acceptance into the financial ecosystem, bring about higher community engagement, and prepare the cryptocurrency for practical adoption.

The optimism toward the long-term future of the cryptocurrency is barely dented by the legal battles and market volatility since the XRP community believes in the projections by Egrag Crypto through optimistic price targets, which are based on past data and current trends.

Featured image from Pexels, chart from TradingView

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?????£»????? ?? (????? ????) //ktsl888.com/analysis/eth/ethereum-bulls-2850/ Mon, 21 Oct 2024 03:28:31 +0000 //ktsl888.com/?p=649002 Ethereum price is extending gains above the $2,650 resistance. ETH could continue to rise toward $2,850 if it clears the $2,750 resistance zone.

  • Ethereum remained in a positive zone above the $2,580 and $2,620 resistance levels.
  • The price is trading above $2,650 and the 100-hourly Simple Moving Average.
  • There is a key bullish trend line forming with support near $2,680 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move up if it clears the $2,750 and $2,780 resistance levels.

Ethereum Price Aims For More Gains

Ethereum price remained stable above the $2,600 level like Bitcoin. ETH extended gains above the $2,650 resistance level to move further into a positive zone.

The price cleared the $2,700 level and tested $2,765. A high was formed at $2,765 and the price is now consolidating gains. There was a minor decline below the $2,740 level, but the price is stable above the 23.6% Fib retracement level of the upward move from the $2,576 swing low to the $2,765 high.

Ethereum price is now trading above $2,650 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,680 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the upward move from the $2,576 swing low to the $2,765 high.

On the upside, the price seems to be facing hurdles near the $2,750 level. The first major resistance is near the $2,765 level. A clear move above the $2,765 resistance might send the price toward the $2,840 resistance. An upside break above the $2,840 resistance might call for more gains in the coming sessions.

Ethereum Price

In the stated case, Ether could rise toward the $2,880 resistance zone in the near term. The next hurdle sits near the $2,920 level or $2,950.

Another Drop In ETH?

If Ethereum fails to clear the $2,750 resistance, it could start another decline. Initial support on the downside is near the $2,720 level. The first major support sits near the $2,680 zone and the trend line.

A clear move below the $2,720 support might push the price toward $2,650. Any more losses might send the price toward the $2,620 support level in the near term. The next key support sits at $2,550.

Technical Indicators

Hourly MACD �The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level �$2,650

Major Resistance Level �$2,765

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??? ???? - ???? ???? (????) //ktsl888.com/analysis/btc/bitcoin-price-surges-69k/ Mon, 21 Oct 2024 03:06:00 +0000 //ktsl888.com/?p=648998 Bitcoin price extended gains above the $68,000 resistance zone. BTC is now consolidating and aiming for more gains above the $69,500 resistance.

  • Bitcoin remained stable and extended gains above the $68,500 zone.
  • The price is trading above $68,500 and the 100 hourly Simple moving average.
  • There is a key contracting triangle forming with support at $68,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could rally further if there is a close above the $69,450 resistance zone.

Bitcoin Price Rises Toward $70,000

Bitcoin price remained supported above the $67,500 zone. BTC started another minor increase above the $68,000 resistance zone. The bulls were able to clear the $68,800 barrier.

The price even cleared the $69,000 level. A high was formed near $69,428 and the price is now consolidating gains. There was a minor decline below the $69,000 level, but the price is stable above the 23.6% Fib retracement level of the upward move from the $66,644 swing low to the $69,428 high.

Bitcoin price is now trading above $68,200 and the 100 hourly Simple moving average. There is also a key contracting triangle forming with support at $68,750 on the hourly chart of the BTC/USD pair.

On the upside, the price could face resistance near the $69,200 level. The first key resistance is near the $69,500 level. A clear move above the $69,500 resistance might send the price higher. The next key resistance could be $70,000.

Bitcoin Price

A close above the $70,000 resistance might initiate more gains. In the stated case, the price could rise and test the $71,200 resistance level. Any more gains might send the price toward the $72,000 resistance level.

Another Decline In BTC?

If Bitcoin fails to rise above the $69,500 resistance zone, it could start another decline. Immediate support on the downside is near the $68,750 level and the triangle’s trend line.

The first major support is near the $68,050 level and the 50% Fib retracement level of the upward move from the $66,644 swing low to the $69,428 high. The next support is now near the $67,400 zone. Any more losses might send the price toward the $66,500 support in the near term.

Technical indicators:

Hourly MACD �The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) �The RSI for BTC/USD is now above the 50 level.

Major Support Levels �$68,750, followed by $68,500.

Major Resistance Levels �$69,500, and $70,000.

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???? ??????£»??????? //ktsl888.com/news/long-silent-bitcoin-whale-resurfaces-after-10-years-as-btc-nears-69000/ Mon, 21 Oct 2024 02:00:15 +0000 //ktsl888.com/?p=648967 Crypto whales’ wallets have been the subject of attention and sometimes obsession since they carry a vast holding of Bitcoin, and their movement can affect market prices and impact volatility. Today, many websites and social media users track these wallets and their most recent transactions.

Last October 19th, 2024, at 5:45 am, Whale Alert shared that a dormant BTC address with 25 Bitcoins valued at $1,711,020 was activated after more than 10 years of inactivity. The wallet’s re-activation comes at an exciting time when Bitcoin’s price briefly hits $69k.

Dormant Bitcoin Address Boasts 25 BTC

According to Whale Alert, the BTC wallet held 25 BTC, which was valued at $1.71 million. This wallet has been inactive since 2013 when Bitcoin’s value hovered between $100 and $266. It was an exciting and tumultuous year for Bitcoin, as its price dropped to $50 before recovering to $100. With Bitcoin’s value at less than $1,000, the wallet’s owner holds a sizable stash after the coin’s meteoric rise in the last few years.

The whale’s reactivation of the wallet comes when Bitcoin’s price hit $69,000. This isn’t the first time that BTC flirted with this level. If we can remember, Bitcoin rallied to over $70,000 in July, setting up a crypto frenzy in the industry.

While Bitcoin failed to sustain its $69k price, it remains solid, staying within the $68k to $69k level in the last few days. Speculators and industry watchers also expect BTC to hit the $70k level soon, backed by the increasing demand for crypto. Bitcoin traded at the $70k level on June 12th.

BTC Pulls Back

This week, Bitcoin failed to sustain its momentum and has slightly dipped to $68,399 after hitting a high of $68,689. According to Bloomberg, BTC investors have added over $1.8 billion this week to spot Bitcoin ETFs.

The US Securities and Exchange Commission (SEC) gave the go-signal to BTC ETFs, which led to a frenzy of buying and inflows. Demand outpaced supply thanks to the SEC’s approval, boosting the coin’s price to over $73,797. Then, there was a pullback in early August, with the price falling by 30% before starting another rally.

The expanding crypto business relies on Bitcoin and crypto whales. They own a lot of crypto, and the media follows them. The behaviors of BTC whales, which Whale Alert tracks, often cause a stir.

Featured image from Pexels, chart from TradingView

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?????£»??????? (?????) //ktsl888.com/news/shiba-inu-to-double-analyst-predicts-200-price-hike-details/ Mon, 21 Oct 2024 00:00:31 +0000 //ktsl888.com/?p=648956 Although flying under the radar concerning price movements during Bitcoin’s recent bull run, the dog-themed cryptocurrency Shiba Inu (SHIB) was able to appreciate 8.18% in the last week while Bitcoin reclaimed the $69,000 mark on Friday. Analysts have already predicted further upward potential for this meme coin.

Analyst Predicts 200% Surge For Shiba Inu

Crypto analyst MMBTtrader seems rather positive about the future prospects of Shiba Inu as he expects a 200% increase to $0.000038. As he says, the SHIB had already registered a 75% gain from the $0.000011 support level within the price chart. The altcoin had indeed rallied from the demand zone in the early periods of August and September, accelerated its pace, and settled at $0.000019.

For SHIB, MMBTtrader predicts that it will not just consolidate to $0.00003852. As a matter of fact, he expects the higher highs and higher lows pattern where the initial push to May’s highs at $0.000028 will then be corrected to September’s highs at $0.000021. In case those levels hold, the meme coin could pull to the targeted $0.00003852.

Conflicting Views: Bearish Outlook From SwallowPremium

MMBTtrader still remains bullish about Shiba Inu, but SwallowPremium, on the other hand, is a little more conservative. He says that the cryptocurrency would continue to go up until it hits $0.0000216, and then correct 35% down to $0.000014075. His analysis reads that the downtrend would be triggered by a correction down to $0.0000195, which may be a good time to open a short position.

However, Premium also cautions that if SHIB breaks over the price of $0.0000216, a bearish outlook could be invalidated, sending the price much higher than what it has already recorded.

Shiba Inu’s Price Path Forward

Shiba Inu trades at $0.00001925, close to 11% below the level of $0.0000216 resistance. Various predictions made by market experts convey a divergence of sentiment on SHIB trajectory. MMBTtrader projection for a possible 100% increase is based on an underlying conviction for perpetuation of an upward trend. SwallowPremium sounds a note of caution with a ‘critic’ view of correcting it.

Shiba Inu’s future price action depends on breaking key resistance levels and maintaining momentum. As SHIB nears crucial price points, traders will watch for breakout signs. The coming weeks will be critical in determining whether it can rise further or face another rejection.

Featured image from Pexels, chart from TradingView

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????? ??£»????? ??? (????? ????) //ktsl888.com/news/floki-breaks-out-of-downtrend-analyst-predicts-200-rally-to-new-all-time-high/ Sun, 20 Oct 2024 22:00:09 +0000 //ktsl888.com/?p=648954 Meme coin FLOKI has also benefited from recent inflows into the crypto markets, which has left many cryptocurrencies posting gains in both the 24-hour and seven-day timeframes. 

Notably, this inflow has seen FLOKI breaking out of a descending trendline that has served as the peak of its rallies since June. This breakout is seen as a key technical development, with crypto analyst World Of Charts emphasizing it as a strong bullish signal. According to the analyst, the breakout opens the trend for the meme coin to continue the run toward a new all-time high.

FLOKI Ready For 200% Surge Past All-Time High

Although it was launched in 2021, FLOKI rose to prominence earlier this year after it went on a 1,100% increase over five months to peak at a new all-time high of $0.0003449. As it stands, the meme coin has corrected by around 55% from this all-time high. 

However, according to analysis and prediction from crypto analyst World Of Charts, this correction is about to end and the $0.0003449 all-time high might not hold for long anymore. 

World Of Charts shared his analysis on the social media platform X, posting a daily candlestick chart of the FLOKI / TetherUS trading pair. The chart reveals that the meme coin has just broken above the resistance trendline of a bullish pennant flag pattern, which the meme coin has been trading within since hitting its all-time high.

In terms of the projected price trajectory, the analyst believes FLOKI is on course for another breakout that could not only exceed the previous all-time high but also push toward a price point just below $0.0005. To reach this point, FLOKI would have to go on a 210% rally from the current price level.

Is A 200% Rally Possible For FLOKI?

At the time of writing, FLOKI is trading at $0.0001554 and is still up by 12% in the past seven days. According to data from on-chain analytics platform Santiment, FLOKI and other meme coins are witnessing the highest level of interest and mentions across social media platforms in five months. This interesting trend is brought about by the new interest in Dogecoin, which has naturally flowed into other meme coins.

Given this heightened attention and the bullish technical setup highlighted by analysts, a 200% rally is within the realm of possibility. FLOKI has already shown it can achieve significant gains in a short timeframe, having previously posted an impressive 1,100% increase earlier this year. If the current social buzz and market dynamics continue to favor meme coins, FLOKI could break through its resistance levels and embark on another explosive rally to deliver a 200% increase before the end of the year. 

According to another crypto analyst, FLOKI is set for an even bigger 2,100% increase to $0.002.

Featured image from Lunu, chart from TradingView

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?38£»?38??? ?? (?38 ?? ??) //ktsl888.com/news/dogecoin/dogecoin-breaks-above-0-12-level-time-for-doge-to-catch-up/ Sun, 20 Oct 2024 20:00:55 +0000 //ktsl888.com/?p=648932 Dogecoin (DOGE) has finally broken through the crucial $0.12 resistance level, marking a significant milestone as it surges to catch up with the broader crypto market rally. After weeks of struggling below that key supply zone, DOGE has made a strong move upward, sparking optimism among analysts and investors alike. 

Many investors believe that this breakout could signal the start of a more sustained rally for the meme coin.

Top analyst Daan recently shared key insights, pointing to a bullish outlook for Dogecoin in the coming weeks. According to his analysis, the breakout from $0.12 opens the door for DOGE to capitalize on the current market momentum. 

As Bitcoin and other major altcoins continue to gain strength, Dogecoin investors are closely watching for confirmation of bullish continuation, hoping for further upside potential.

With the market pushing higher and Dogecoin now breaking free from past struggles, many expect the meme coin to deliver impressive gains in the near term.

Dogecoin Making Moves

Dogecoin has surged over 33% since Monday, and it is now holding above its previous resistance level, maintaining bullish price action. This rally has sparked optimism among analysts and investors, as the overall market sentiment remains positive, and many believe that Dogecoin is primed for further gains in the coming weeks.

Top analyst and investor Daan shared a technical analysis on X, highlighting the significance of DOGE’s recent breakout. According to Daan, Dogecoin has successfully broken above the crucial $0.12 horizontal level and the Daily 200 moving average (MA). 

Dogecoin Broke above the $0.12 level and the daily 200 MA

He noted that this breakout signals “pretty much clear skies” for the meme coin, as there is little resistance above this point. However, he also emphasized that $0.12 remains a key level, serving as an invalidation point if the price were to drop below it.

Despite the impressive performance of other meme coins in the market, Dogecoin has lagged behind in recent months. With this breakout, however, many believe that DOGE is finally catching up, and the coming weeks could see even more significant upside for the popular cryptocurrency.

As market conditions remain favorable, all eyes are on Dogecoin to see if it can continue building on this momentum and push toward higher price levels.

DOGE Price Action

Dogecoin is currently trading at $0.14 after a 4% retrace from its recent high of $0.147. This surge saw DOGE break above both the 200-day moving average (MA) and the exponential moving average (EMA), confirming a bullish outlook for the meme coin in the coming weeks. 

DOGE setting new local highs

Analysts and investors are optimistic that Dogecoin will continue its upward momentum, fueled by positive market sentiment.

However, there is a risk that DOGE may face downward pressure if it fails to hold above the crucial $0.129 mark, which aligns with the 200-day MA.

A drop below this level could lead to a deeper retrace, testing the strength of the recent rally. With market conditions remaining volatile, the upcoming week will be key to determining whether DOGE can maintain its bullish trend or if it will enter a period of consolidation or further correction.

Traders are keeping a close eye on this support level, as a successful hold above $0.129 would likely signal more upside potential, while a break below it could dampen the current bullish sentiment. All eyes are on Dogecoin to see how it performs in the critical days ahead.

Featured image from Dall-E, chart from TradingView

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???? ??? - ???? ?? (????) //ktsl888.com/news/dogecoin-flashes-sell-signal-after-30-rally-time-to-sell/ Sun, 20 Oct 2024 18:00:59 +0000 //ktsl888.com/?p=648952 In a notable turn of events, meme coin Dogecoin is now flashing a sell signal for corrections ahead after a 30% rally in seven days.

The Dogecoin price has been on an unprecedented rally in October, taking many investors who have been on the sidelines by surprise. However, according to a take by crypto analyst Ali Martinez, the meme coin might actually undergo some price correction in the short term before a continuation of the uptrend.

His insights are grounded on the signal provided by the TD Sequential indicator, a technical tool known for identifying market exhaustion points.

Dogecoin Might Be Overbought

In a recent post on X, Martinez highlighted the TD Sequential setup on the Dogecoin/TetherUS daily candlestick chart. This analysis reveals that Dogecoin is currently experiencing its ninth consecutive bullish close on the daily candlestick, aligning with the ninth count by the TD Sequential indicator. While this sustained surge in the Dogecoin price has been impressive, it also indicates that the meme coin may be reaching a pivotal moment where a price retracement could occur.

Adding to the caution, this sell signal coincides with a newly established overbought condition for Dogecoin. The Relative Strength Index (RSI) has shown that the recent buying momentum has pushed Dogecoin deep into the overbought territory. 

At the time of writing, the RSI 14 close sits at an elevated 75.80, having recently peaked at 78.36, which is its highest level since March. This overbought condition suggests that the buying frenzy may be unsustainable, raising the likelihood of a pullback very soon.

Is It Time To Sell DOGE?

Martinez’s observations serves as a crucial reminder of Dogecoin’s volatility leading into the new week. At the time of his analysis, Dogecoin was trading at $0.14575. However, at the time of writing, Dogecoin has fallen to $0.1424, translating into a 2.3% decline in the few hours. Despite this, the meme coin is still on a 29% gain in the past seven days.

Nonetheless, it is crucial to remain patient with the Dogecoin outlook, especially as the RSI is now pointing to an overbought condition. On the other hand, Dogecoin isn’t the only cryptocurrency in overbought condition, as the entire market is now in a greed condition, according to the Fear and Greed Index. 

If the 24-hour correction for DOGE were to extend for the rest of the weekend, it could cascade into a break below $0.14 in the short term and a return into $0.13 territory.

Crowd attention and discussion surrounding Dogecoin remain at their highest level since March. This suggests that any corrections may be temporary, and there is a high chance for the uptrend to resume as the new week unfolds. According to one crypto analyst, Dogecoin is on track for a price rally with a return of over 400%.

Featured image from Medium, chart from TradingView

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