Saturday, June 28, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout

November 14, 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on TwitterShare on E Mail


Este artículo también está disponible en español.

The Dogecoin worth not too long ago surged 20% after President-elect Donald Trump introduced the formation of a brand new Division of Authorities Effectivity (DOGE) to be led by Elon Musk and Vivek Ramaswamy. Apparently, Dogecoin is up by about 250% up to now 30 days, far outpacing that of Bitcoin’s 40% enhance in the identical timeframe. 

This Dogecoin worth overperformance in opposition to the Bitcoin worth has seen the DOGE/BTC pair breaking above a descending trendline. Notably, crypto analyst KALEO forecasts substantial beneficial properties for Dogecoin in opposition to Bitcoin, noting a big breakout within the DOGE/BTC pair.

Analyst Says A 175% Dogecoin Worth Surge Could Be On The Horizon

Crypto analyst KALEO highlighted a promising outlook for the Dogecoin worth along with his current evaluation of the DOGE/BTC buying and selling pair. In response to the value chart shared by the analyst, the Dogecoin/Bitcoin pair has been trending downwards for the reason that first half of 2021. This downward path has been filled with decrease highs and decrease lows, resulting in the creation of a channel downtrend on a better timeframe (HTF). Nonetheless, the current efficiency noticed the pair get away of the higher trendline.

Associated Studying

Apparently, the final time this occurred was in early 2021, simply earlier than the loopy 175% rally that despatched the Dogecoin worth surging to the present all-time excessive of $0.7316. He identified that the present Dogecoin worth motion displays comparable momentum, suggesting one other speedy 175% rise might be imminent.

KALEO emphasised that current market circumstances, Dogecoin’s resilience, and rising curiosity stemming from Donald Trump and Elon Musk’s DOGE’s division have contributed to a positive setup for a possible rally. 

“With the way in which the market has moved not too long ago, and the way a lot power Dogecoin has proven after Trump was elected and Elon beginning to push once more, I wouldn’t be stunned to see one thing comparable right here,” he commented.

Supply: X

Dogecoin Accumulation Factors To A Continued Worth Surge

Other than the technical evaluation of the Dogecoin worth breakout above Bitcoin, KALEO additionally factors out an attention-grabbing accumulation development within the final 48 hours after the breakout. Because it stands, the DOGE/BTC pair appears to be taking a breather and is now consolidating inside a spread. 

Associated Studying

He famous that the present accumulation section is happening simply above the upper timeframe resistance stage, setting a robust basis for Dogecoin’s subsequent bullish transfer. This accumulation development has served as a launchpad in previous rallies, and this might additionally repeat itself quickly.

The broader crypto market panorama additionally helps KALEO’s bullish prediction for Dogecoin in opposition to Bitcoin. Not solely is Dogecoin set to maintain outperforming Dogecoin, the projected Dogecoin rally goes to be extra pronounced contemplating the Bitcoin worth can also be projected to maintain climbing.

On the time of writing, Dogecoin is buying and selling at $0.401, whereas Bitcoin is buying and selling at $90,800.

Dogecoin price chart from Tradingview.com
DOGE worth at $0.4 | Supply: DOGEUSDT on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com



Source link

Tags: BreakoutDOGEBTCDogecoinMajorPairPriceRecordssurgeSwift
Previous Post

FBI Raids Polymarket CEO’s Home in Election Probe

Next Post

ICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFi

Related Posts

The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength
Bitcoin

The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength

June 28, 2025
Salesforce CEO Marc Benioff Says His Company Will Have a Billion AI Agents by End of 2025
Bitcoin

Salesforce CEO Marc Benioff Says His Company Will Have a Billion AI Agents by End of 2025

June 28, 2025
Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally
Bitcoin

Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally

June 28, 2025
29.02% Of Supply Locked Signals Long-Term Conviction
Bitcoin

29.02% Of Supply Locked Signals Long-Term Conviction

June 27, 2025
Bakkt’s Bitcoin Strategy: Company Files With SEC To Raise $1 Billion
Bitcoin

Bakkt’s Bitcoin Strategy: Company Files With SEC To Raise $1 Billion

June 28, 2025
The Fall Of Solana In The NFT Market – What Went Wrong?
Bitcoin

The Fall Of Solana In The NFT Market – What Went Wrong?

June 28, 2025
Next Post
ICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFi

ICP identity protocol DecideID to launch on Solana eliminating any KYC need for DeFi

Top Analyst Says Things Could Get Crazy for Altcoins Once Key Resistance Zone Is Broken – But There’s a Catch

Top Analyst Says Things Could Get Crazy for Altcoins Once Key Resistance Zone Is Broken – But There’s a Catch

Bitcoin Bull Tim Draper Eyes Trump’s Return as Catalyst for Private Sector Boom: ‘Very Excited’

Bitcoin Bull Tim Draper Eyes Trump’s Return as Catalyst for Private Sector Boom: ‘Very Excited’

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In