Dogecoin rally to $0.50 imminent after DOGE’s ‘overbought’ conditions cool down

December 11, 2024 Coin Telegraph

Dogecoin’s next possible stop is $0.50 and above. Especially if a historical price fractal fails to play out.

After a 208% breakout in early November, Dogecoin (DOGE) has consolidated within a tight range between $0.35 and $0.48 for four weeks. DOGE’s recent price correction led to a breakout below an ascending trendline, indicating a potential bearish trend shift.

Dogecoin 1-day chart. Source: Cointelegraph/TradingView

However, one analyst pointed out that Dogecoin could be on the brink of another uptrend based on a key technical indicator and repetitive setup from March 2024.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Solana DEX volume hits record high: Is SOL price headed to $300?

November 25, 2024 Coin Telegraph

Solana DEX volume hits record high: Is SOL price headed to 0?

Altcoin

Solana’s monthly DEX volume surpasses $100 billion for the first time, fueled by high network activity and the memecoin frenzy.

Solana native token SOL surged 61.5% between Nov. 5 and Nov. 22, hitting new all-time highs at $263. This rally mirrored broader altcoin gains, which rose by 58% as Bitcoin nearly reached the $100,000 milestone.

The bullish momentum is mostly attributed to President-elect Donald Trump’s win in the just concluded 2024 US Presidential election and a surge in Solana network metrics as the memecoin frenzy returns. This has resulted in multiple Solana onchain indicators reaching record highs, with the latest being the monthly decentralized exchange (DEX) volumes.

Layer-1 blockchain Solana (SOL) has clocked record-breaking DEX volume on multiple timeframes, according to data from DefiLlama.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

XRP outperforms crypto market with a 17% pump — What’s driving the rally?

November 15, 2024 Coin Telegraph

2024 US elections

XRP price staged a double-digit rally as traders opened new positions in expectation of a crypto-friendly Trump administration.

XRP jumped 17% over the last 24 hours, outperforming the rest of the crypto market as the rally cooled off.

Data from Cointelegraph Markets Pro and TradingView shows XRP rose from a low of $0.6833 on Nov. 14, climbing as much as 24% to a sixteen-month high of $0.8479.

In comparison, the total crypto market capitalization was down, posting 2.8% daily losses to $2.91 at the time of publication. Bitcoin (BTC) had dropped 4% while Ether (ETH) was down 6% over the same timeframe.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

PEPE rallies 78% to new all-time highs as memecoin market cap tops $116B

November 14, 2024 Coin Telegraph

PEPE rallies 78% to new all-time highs as memecoin market cap tops 6B

Altcoin Watch

PEPE hits new highs following several major exchange listings.

Pepe (PEPE), the largest Ethereum-based memecoin by market capitalization, is on track to continue the recovery it began on Nov. 5. PEPE has climbed approximately 230% from its Nov. 5 low of around $0.0000078, bringing its price up to an all-time high of $0.00002597 on Nov. 14.

Data from Cointelegraph Markets Pro and TradingView shows PEPE trading at $0.00002093, up 15% over the 24 hours and 104% over the last seven days.

PEPE/USD daily chart. Source: TradingView

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

3 reasons why Ethereum price is headed toward $4K

November 12, 2024 Coin Telegraph

3 reasons why Ethereum price is headed toward K

Coin Telegraph

Ether price and network fundamentals are showing momentum, increasing the chance of a rally to $4,000.

Increasing excitement over a crypto-friendly business environment in the United States following Donald Trump’s presidential election win caused the price of Ether (ETH) to jump over 37% over the last seven days to trade at highs not seen since July 24.

ETH/USD daily chart. Source: TradingView

At the time of writing, Ether is trading at $3,392 with increasing demand through spot Ethereum ETFs, and onchain metrics suggest that the altcoins uptrend remains intact.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin Google search spike after Trump victory signals retail investor interest

November 8, 2024 Coin Telegraph

Bitcoin ATH

Trump’s election win sparked a surge in searches, indicating increased retail investor interest in the digital asset.

Since the victory of United States President-elect Donald Trump, interest in cryptocurrency has spiked, with Bitcoin surging to all-time highs as his campaign promised to support the crypto industry.

Market observers say the spike in search interest and inflows suggest renewed interest among retail investors and a potential wave of new buyers ready to enter the crypto market.

Ryan Chow, co-founder and CEO of Bitcoin (BTC) staking platform Solv Protocol, told Cointelegraph that Trump’s victory is a “major catalyst for launching the next bull market.”

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Ethereum holder turns $38K into $30M after 8 years

November 7, 2024 Coin Telegraph

Ethereum holder turns K into M after 8 years

2024 US elections

The Ether whale moved the funds for the first time in eight year with 800x gains as ETH price edged above $2,800.

Ether (ETH) has rallied more than 9% over the last 24 hours, reaching a 13-week high of $2,880 on Nov. 7.

As this happened, an Ethereum whale, who had held more than 11,000 ETH since 2016, has appeared to cash in on massive gains.

In February 2016, Ether traded for between $2.1 and $6.6 per token. Back then, the address added 11,005 ETH on the crypto exchange ShapeShift, according to Lookonchain. The onchain smart money tracker said the tokens were acquired at $3.46 per token, putting the total cost at $38,000.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin Shows Mixed Signals Amid Consolidation: Is a Reversal Coming Soon?

October 13, 2024 Bitcoin.com

Bearish

Bitcoin (BTC) has experienced a steady decline in recent sessions, but technical indicators are sending mixed messages, hinting at a possible market shift on the horizon. Despite the bearish price trend, oscillators are providing a mix of neutral, buy, and sell signals, reflecting indecision among traders. Bitcoin On the 1-hour chart, bitcoin’s (BTC) downward trajectory […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin Enters Positive Seasonal Trend, Demand Key to Further Growth: Cryptoquant

October 2, 2024 Bitcoin.com

Bitcoin

Bitcoin is entering a period of traditionally positive performance, according to the latest analysis from Cryptoquant and its researchers. However, for bitcoin to reach new highs, increasing demand will be crucial as current levels remain stagnant. ‘Demand Has a Lot of Room to Grow’ Cryptoquant‘s latest report highlights bitcoin’s strong historical performance during the fourth […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin metrics reset and point to ‘major move’ in Q4 — Analysts

October 1, 2024 Coin Telegraph

Bitcoin

Analysts say Bitcoin’s prolonged downtrend reset its key price metrics, setting BTC up for a stellar Q4 performance.

Bitcoin (BTC) price is trading 7% below the local high of $66,508 reached on Sept. 27, but some analysts are optimistic that this correction could just be a reset of key metrics as BTC prepares for massive gains in the last quarter of 2024.

“Bitcoin is near all-time highs, yet the valuation metrics have all declined from extreme overbought in March to around 17-75% on a 4-year Z-score,” Jamie Coutts, chief crypto analyst at Real Vision, said in an Oct. 1 post on X.

Coutts was referring to an onchain metric called the market value realized value (MVRV) Z-score, which shows the market value’s relative position to realized value, which was -116% on the three-month timeframe, -94% over a two-year period and -107% on the four-year timeframe. This suggests that Bitcoin is extremely undervalued on multiple timeframes.

Market Analysis