Dogecoin (DOGE) price has recently displayed both promising gains and potential warning signs. While it has enjoyed some impressive upward movements, uncertainty remains about whether it can sustain this momentum. Traders are paying close attention as the coin approaches important resistance levels that could shape its next steps.

At the same time, there are hints that DOGE may face challenges in maintaining its recent strength. The coming days will likely be pivotal in determining its short-term trajectory.

DOGE BBTrend Reached Its Biggest Level Since May

DOGE’s BBTrend recently surged to its highest level since May 2024, surpassing 15, a clear signal of significant bullish momentum. This peak marked a strong upward force in the market, where DOGE was riding on heightened buying interest and volatility.

However, following this impressive climb, the BBTrend began to dip slightly, although it remains close to 15, indicating that the trend hasn’t yet reversed but could be at a critical moment.

The BBTrend, or Bollinger Bands Trend, is a key technical indicator that measures the strength and sustainability of price movements by analyzing how far the price deviates from the Bollinger Bands. Historically, DOGE’s BBTrend has crossed above 12 during its last major rallies, signaling the continuation of upward momentum.

Read more: How to Buy Dogecoin (DOGE) Anonymously: A Step-by-Step Guide

If the BBTrend remains above this critical level, it suggests that DOGE could extend its uptrend and maintain its current strength. However, the recent pullback from the 15-mark also raises concerns about potential exhaustion.

While a BBTrend above 12 is often a bullish signal, this slight decline could indicate that DOGE’s momentum is beginning to weaken. It’s possible that the coin may be entering a phase of consolidation or even losing its steam after a prolonged rally.

Therefore, while DOGE has demonstrated strong price action, it’s essential to watch closely for whether it can sustain its BBTrend above 12 or if further declines in the metric will confirm a shift in market sentiment, potentially signaling the end of its upward run.

DOGE ADX Shows Its Uptrend Is Losing Steam

DOGE’s ADX is currently sitting at 33.68, down from a recent high of 45.69 over the last few days. This decline suggests that while the trend still holds some strength, DOGE price could be starting to lose momentum. The ADX, or Average Directional Index, is a key indicator used to measure the strength of a trend, regardless of its direction.

Typically, an ADX above 25 indicates a strong trend, while a value below 20 suggests a weak or non-trending market. Higher values, like those near 45, indicate a very powerful trend, which DOGE recently exhibited. With the ADX now dropping to 33.68, this is still a healthy level, showing that the uptrend remains in play.

However, the noticeable drop from its higher value raises a cautionary signal. While 33.68 is still considered strong and indicates that DOGE’s price movement has not lost all its momentum, the decline from 45 could mean that the bullish energy is starting to fade.

This weakening trend strength could imply that the hype driving DOGE’s recent price rise is waning. If the ADX continues to fall, it might suggest that the uptrend is at risk of reversing or entering a consolidation phase.

DOGE Price Prediction: Can It Break The $0.14 Barrier In October?

DOGE’s EMA lines are currently in a bullish formation, having recently experienced a golden cross just a few days ago, which triggered a sharp 30% increase in price. A golden cross occurs when the short-term Exponential Moving Average (EMA) crosses above the long-term EMA, signaling a potential upward trend.

While these EMAs are still showing bullish signs, the short-term EMA has started to drop significantly over the past few days. This decline in the short-term EMA could be an early warning that DOGE’s momentum is starting to slow down.

EMA lines smooth out price data, giving more weight to recent prices, and they help traders identify trends more accurately. In DOGE’s case, these EMAs initially pointed to a strong uptrend, but with the short-term line weakening, there may be a shift in market sentiment.

Read more: Dogecoin (DOGE) vs Shiba Inu (SHIB): What’s the Difference?

DOGE has struggled to break through key resistance levels at $0.135 and $0.128. These levels have held firm despite the recent rally, and if DOGE manages to break above them, there’s a strong chance it could quickly touch $0.14. However, the weakening ADX, which measures the strength of a trend, suggests that the bullish momentum is fading as other meme coins start to attract more attention.

With the ADX losing steam, the trend may not be strong enough to push DOGE past these resistances, and instead, a reversal could be on the horizon. If this happens, DOGE’s price could drop to $0.098 or even as low as $0.089 in the coming days.

Tron (TRX) price is showing mixed signals, leaving traders uncertain about its next move. Recent indicators suggest a balance between bullish and bearish forces, with no clear direction emerging yet.

With its market position closely tied to next movements, TRX could either push higher or face a potential decline.

TRX Aroon Indicator Shows Mixed Signals

The Aroon indicator for Tron currently shows an Aroon Up value of 64.29% and an Aroon Down value of 7.14%. These numbers suggest that TRX has experienced recent highs, but the upward trend is not particularly strong, while the lack of recent lows points to minimal bearish pressure.

The Aroon indicator is a tool used to gauge the strength of a trend by measuring the time between highs (Aroon Up) and lows (Aroon Down) over a specific period. When the Aroon Up is above 70%, it signals a strong uptrend. On the other hand, an Aroon Down above 70% suggests a strong downtrend.

Conversely, values below 30% indicate a weakening of the respective trend. In TRX’s case, the current Aroon values signal a somewhat positive momentum but not a dominant uptrend.

Read More: TRON (TRX) Price Prediction 2024/2025/2030

Moreover, the Aroon’s frequent oscillation between high and low values reflects an inconsistent trend, where TRX has been switching between upward and downward movements without a clear direction.

This rapid shift between Aroon Up and Aroon Down highlights indecision in the market. Neither buyers nor sellers have maintained control for an extended period.

Tron RSI Is Close to the Overbought Stage

TRX’s current RSI is 61.45, indicating that while it is above the midpoint of 50, it is not yet in overbought territory, which typically starts at 70.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and helps traders identify overbought or oversold conditions in an asset. When the RSI climbs above 70, it signals that the asset may be overbought. This often leads to a potential price pullback or correction.

While TRX’s RSI is not yet in the overbought range, the sideways movement in price suggests indecision in the market. If the RSI continues to rise and hits the overbought threshold, it could trigger a correction.

This scenario makes it crucial to monitor TRX closely for any signs of upward pressure pushing the RSI toward 70, as such a move could spark a near-term price drop.

TRX Price Prediction: Could Cardano Surpass Tron?

The market cap difference between Cardano (ADA) and Tron (TRX) stands at $280 million, with TRX showing signs of losing momentum after the initial excitement brought on by SunPump. Although the EMAs for TRX still signal a bullish sentiment, the narrow gap between them reveals that the strength of this uptrend may not be as strong as it initially appeared.

EMA lines, or Exponential Moving Averages, are key tools in technical analysis. They are designed to smooth price fluctuations and assign greater importance to more recent price action. When shorter-term EMAs remain above longer-term ones, it typically suggests that the asset is in a bullish trend, reflecting sustained upward momentum.

However, when the distance between these lines is minimal, as is the case with TRX, the strength of the trend is called into question. That signals that it may not be powerful enough to sustain further significant upward moves.

Should the uptrend continue, TRX could push toward the next resistance levels at $0.1617 and $0.17, representing a potential gain of approximately 10% from current levels. These price points are critical because breaking through them could attract more buying interest and validate the bullish outlook.

Read more: 7 Best Tron Wallets for Storing TRX

That can be triggered by news like Justin Sun announcing new features, such as a Tron-based NFT platform. However, the narrow EMA gap raises the risk that the trend may lose momentum, and if this happens, TRX might face a reversal. In such a case, the asset could experience a downturn, with potential support levels around $0.1295 and $0.1170.

A drop to these levels would be significant, as it would jeopardize TRX’s standing among the top 10 coins by market capitalization. In such a scenario, ADA could surpass TRX.

The XRP recent price movements have caused a major stir in the crypto market, with the cryptocurrency experiencing a significant price surge and breaking out of crucial resistance levels. Driven by its recent bullish momentum, XRP has succeeded in breaking a key bullish pattern, as a result, a crypto analyst has predicted that it could potentially jump 4X to new highs of $2.6. 

XRP Price Set Sights On Midterm Target At $2.3

After experiencing slow growth and bearish momentum in the past few weeks, XRP has sparked renewed confidence amongst investors with its latest price surge. Over the last seven days, XRP has skyrocketed by 8.93% and is showing signs of more gains in the future. 

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This bullish outlook is shared by prominent crypto analyst, Captain Faibik, who disclosed in an X (formerly Twitter) post on September 28, that XRP has just broken a unique bullish pattern, indicating a potential for a major price rally. 

In Faibik’s XRP price chart, a multi-year bullish symmetrical triangle pattern can be seen. This triangle pattern began forming in October 2021 and has extended through to September 2024, with XRP undergoing significant price fluctuations throughout this period. 

After experiencing its first substantial price surge in weeks, XRP successfully broke out of this bullish triangle pattern. The extent of XRP’s recent price increase is evident in CoinMarketCap’s data, which indicates that the cryptocurrency has jumped by 4.73% in the last 24 hours. 

This significant price increase suggests that XRP may be aiming to push significantly above its previous consolidation levels of around $0.5. As of writing, XRP is trading at $0.64, underscoring a possible rise in investor interest and demand for the cryptocurrency. 

By breaking out of this bullish triangle pattern, Faibik believes that XRP could be on track for a massive rally that could push its price by 4X. The analyst has declared that XRP is currently heating up for a massive breakout to mid-term targets at $2.3. 

XRP Breaks Critical Trendline

A crypto and Elliott Wave analyst, identified as ‘XForceGlobal’ on X has highlighted a unique trendline in XRP’s price chart. According to the analyst, XRP has just broken the “multilayer BD trendline,’ and may be heading towards a price increase. 

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XForceGlobal has suggested that if XRP can maintain a price above this trendline for a few more weeks, it could witness a price increase between $7 to $10. The analyst has expressed confidence in his bullish forecast, indicating that a surge within this range was inevitable if the right conditions were met. 

To be more precise, the analyst predicts via a detailed chart that XRP’s price could potentially rise to $8.67, marking a 1,482% increase from its current price of $0.6. 

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