The last altcoin on the trader’s radar is Binance Coin ( BNB), the utility token of the world’s largest crypto exchange. “INJ has already broken high timeframe resistance on the USD chart.Įxpecting acceleration above a reclaim of the April highs ~$9.50+.” Source: Kaleo/Twitter Kaleo says INJ will likely see more rallies until the altcoin hits his target of $9.50. Next up is the decentralized derivatives exchange Injective ( INJ). Content with a move to just over $1.00 for MATIC in USD.” Source: Kaleo/TwitterĪt time of writing, MATIC is worth $0.696. Kaleo says that MATIC could rally above $1.00 if it reclaims $0.75 as support. The crypto strategist is also keeping a close watch on the Ethereum ( ETH)-scaling solution Polygon ( MATIC). “Looking for PEPE to send to the high $0.0000020s from here for a leg up similar to the one we saw mid-June.” Source: Kaleo/TwitterĪt time of writing, PEPE is worth $0.00000172. Looking at fellow meme token Pepe, Kaleo believes that the altcoin is gearing up for a rally after moving above its diagonal resistance on the four-hour chart. “We’ve already seen a decent resistance break for DOGE on the USD chart.Įxpecting acceleration above a reclaim of $0.072 (early June pre-breakdown/capitulation level).” Source: Kaleo/TwitterĪt time of writing, DOGE is trading for $0.068. The author does not guarantee the accuracy of the information in this report and accepts no liability for any losses incurred as a result of using this report.According to Kaleo, DOGE could witness breakout rallies if it moves above its horizontal resistance at $0.072. Note that this report is for informational purposes only and is not intended as investment advice. To make well-informed investment decisions, it’s important to consider other factors, such as market news, trading volume, and overall market sentiment. The moving averages, Stochastic Oscillator, and RSI suggest a mixed sentiment in the short to medium term. Technical analysis provides valuable insights into Dogecoin’s price trends. Long-term investors should keep an eye on market developments and fundamental factors. If Dogecoin surpasses the key resistance level of 0.0000040 BTC, it could potentially rally toward the next psychological level at 0.0000050 BTC.
Long Term (6 months or more): Considering the longer-term moving averages and the overall market sentiment, Dogecoin’s upward trend remains intact. It’s essential to monitor trading volume and overall market sentiment for confirmation. On the upside, if the resistance at 0.0000030 BTC is breached, a potential rally toward 0.0000040 BTC could be expected.
If Dogecoin breaks below the support at 0.0000020 BTC, it could aim for the next support level around 0.0000010 BTC. Medium Term (1-3 months): The indicators imply a neutral to bearish sentiment. A breakout above or below these levels could indicate further price movement. The support level is around 0.0000020 BTC, while resistance is near 0.0000030 BTC. Dogecoin’s price is expected to remain within the current range of 0.0000020 to 0.0000030 BTC. Short Term (1-2 weeks): The moving averages, Stochastic Oscillator, and RSI suggest a bearish sentiment. Interpretation and Price Targetsīased on the indicators and their values, we can derive short, medium, and long-term price targets for Dogecoin. It is important to monitor RSI levels in relation to key support and resistance levels. These values suggest a potential correction or consolidation in the near term. The 9-day RSI (99.59%) and 14-day RSI (99.59%) indicate an overbought sentiment. RSI measures the speed and change of price movements. However, it’s important to consider other factors to confirm the trend reversal. The 50-day %K (32.22%) suggests a balanced market. Currently, the 9-day %K (32.22%) and 14-day %K (32.22%) indicate a neutral stance. The Stochastic Oscillator measures momentum and overbought/oversold conditions. These values suggest a bearish sentiment in the short to medium term, as Dogecoin’s price remains below the moving averages. The 50-day moving average (0.0000034 BTC) shows the long-term trend. The 5-day moving average (0.0000074 BTC) reflects recent price action, while the 20-day moving average (0.0000041 BTC) indicates an intermediate-term trend.
Moving averages help identify trends by smoothing out price fluctuations. In this daily technical analysis report, we will examine key indicators and interpret their values to provide insights into Dogecoin’s potential price targets.Ĭurrent Price: 0.0000026 BTC (unchanged) (as of 9:45 a.m. Dogecoin (DOGE) is a popular cryptocurrency known for its unique branding and active community.
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