Altcoin
Analyst Reveals The ‘Truth’ Behind This Dogecoin Price Rally
The Dogecoin price is up almost 150% since the start of this month, as the foremost meme coin continues to enjoy a massive bull run. Crypto analyst Alan Santana has provided insights into what is driving this rally and whether it is sustainable.
What Is Driving The Dogecoin Price Rally
In a TradingView post, Alan Santana alluded to DOGE’s monthly chart to show what is truly driving the Dogecoin price rally. He noted that this month is a bullish breakout month and the first strong green month since the 2021 bull run. The analysts specifically cited January 2021, when a similar action occurred, with a “very strong bullish phase” following.
In line with this, Santana stated that just because the Dogecoin price is seeing this strong growth doesn’t mean this is the end. Instead, the analyst stated that this very strong growth signals the beginning of the bullish cycle, so investors can expect more parabolic rallies for Dogecoin ahead.
Santana asked those in doubt to zoom out on the monthly chart. He revealed that this monthly session has the highest volume since 2021. Furthermore, the analyst mentioned that this month broke a long-term resistance and descending trend. Lastly, he said that this month ended a three-year consolidation period for the Dogecoin price.
The analyst noted that this three-year consolidation can lead to a very strong bull market, which is exactly what is playing out. As such, Santana reaffirmed that no matter how high the Dogecoin price goes this month, it is only the start. In the short term, the analyst warned that there can be swings and shakeouts, and even a strong correction can develop along the way.
However, Santana claimed that such corrections are good as they will be used as an opportunity to take profits when at resistance and rebuy and reload when at support. He added that the Dogecoin price has much more to give and that there is no limit as to how high prices can go.
Most Explosive Leg Still Ahead
In an X post, crypto analyst Kevin Capital echoed a sentiment similar to Alan Santana, suggesting that the most explosive leg could still be ahead for the Dogecoin price. This came as he highlighted the stage Dogecon’s price and Relative Strength Index (RSI) currently are on the monthly timeframe in relation to previous bull cycles.
He claimed that if this Dogecoin price level and RSI hold, there is a long way to go in this DOGE bull run, and the most explosive leg is still ahead. Crypto analyst Trader Tardigrade recently predicted that the Dogecoin price could rally to $8.7 by August 2025 if it mirrors the 2017 bull run or rally to $30 by March 2025 if it follows the 2021 bull run.
At the time of writing, the Dogecoin price is trading at around $0.40, down over 6% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
Grayscale Investments has reopened private placement in its 19 trusts including XRP, Solana (SOL), and Stellar (XLM) for eligible investors. Institutional and individual accredited investors may subscribe to private placements at net asset value (NAV), enabling them to hold for a specific period and sell them at the secondary market.
In an official announcement on November 26, Grayscale Investments announced the reopening of private placement subscriptions at net asset value (NAV). These are available for accredited investors only.
As per Grayscale, accredited investors mean those who earn more than $200,000 a year (or $300,000 per year with a spouse or spousal equivalent). They must have a net worth of more than $1 million, either alone or together with a spouse or spousal equivalent. Entities must have $5 million in liquid assets.
Investors can invest in trust for top and trending tokens including Ripple’s XRP, Solana (SOL), Stellar (XLM), Avalanche (AVAX), AAVE, Chainlink (LINK), Filecoin (FIL), NEAR, Bittensor (TAO) and Zcash (ZEC). Other tokens include Basic Attention Token (BAT), Bitcoin Cash (BCH), Litecoin (LTC), SUI, Stacks (STX), Maker (MKR), and Livepeer (LPT), and Decentraland (MANA).
Grayscale also listed Decentralized AI Fund among the trusts for private placement subscriptions. The fund consists of NEAR, TAO, FIL, RENDER and GRT tokens.
The recent selloff in Bitcoin price has also triggered selling in XRP, Solana (SOL), and Stellar (XLM). XRP price fell over 10% to hit a 24-hour low of $1.3.
Whereas, SOL price retraced 5% to $229 and XLM fell nearly 15%, with the price currently trading at $0.4316.
Varinder Singh
Varinder has over 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently leading the news team to cover latest updates and developments in the crypto industry.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The crypto prices today have largely followed a concerning bearish trend. Bitcoin (BTC) witnessed a sharp drop, reaching the $91K level. Ethereum (ETH), Solana (SOL), and XRP also significantly declined over the past day. Meanwhile, Algorand (ALGO) and Fantom (FTM) emerged as the top gainers in the last 24 hours.
The overall market cap has decreased by 2%, currently at $3.18 trillion. Additionally, the overall trading volume has dropped by 9%, now at $220 billion. Let’s explore the performance of top cryptocurrencies as reflected in the crypto prices today on November 27.
Crypto Prices Today: BTC, ETH, SOL, and XRP Drop
The crypto prices today reveal a sharp decline, with BTC prices plummeting significantly, briefly touching $91K. Ethereum (ETH), Solana (SOL), and XRP mirrored this broader bearish trend, continuing their downward trajectory. Meme coins also faced a drop in value, reflecting the overall market sentiment.
Bitcoin Price Today
BTC price tanked over 2% in the last 24 hours, currently trading at $92,890, with a 24-hour range of $90,770 to $94,991. Bitcoin’s market cap stands at $1.84 trillion, with $90 billion in trading volume and a dominance of 57.52%.
A significant $122 million outflow from BTC ETFs was recorded as of November 26, with BlackRock’s data yet to be disclosed. Fidelity led the outflows with $95 million. Meanwhile, Brazil’s Congress is reviewing a bill to create a strategic Bitcoin reserve.
Ethereum Price Today
Similarly, ETH price experienced a 2% decline, currently trading at $3,362. Its intraday low and high were recorded at $3,255 and $3,448, respectively. Ethereum’s market cap stands at $405 billion, with $39 billion in trading volume over the last 24 hours.
According to Sosovalue, ETH ETFs saw a total outflow of $9.45 million. While data from BlackRock is still awaited, Grayscale led other ETFs with an inflow of $16 million.
Solana Price Today
The crypto prices today reveal a 3% drop in Solana (SOL) over the past 24 hours, with the coin currently trading at $233. Its 24-hour low and high stand at $222 and $239, respectively, with a market cap of $110 billion and a trading volume of $7 billion.
Meanwhile, the Solana meme-coin launchpad Pump Fun has announced an indefinite suspension of its live-streaming feature. This decision has sparked curiosity within the Solana community.
XRP Price Today
XRP price dipped nearly 6%, currently trading at $1.369, with a 24-hour low and high of $1.29 and $1.45, respectively. Its market cap stands at $78 billion, with a trading volume of $9 billion and a market dominance of 2.45%, making it the sixth-largest cryptocurrency by market cap.
Ripple, the company behind XRP, has contributed $25 million to the pro-crypto PAC, Fairshake. This donation strengthens its support for pro-crypto initiatives in the industry.
Meme Coin Prices Today
The meme coin sector has mirrored a waning trend today, with Dogecoin (DOGE) price experiencing a 4% dip, currently trading at $0.3876. Its 24-hour low and high are $0.36 and $0.40, respectively, with a market cap of $57 billion and a trading volume of $8.6 billion over the past 24 hours.
Meanwhile, Shiba Inu (SHIB) price saw a 3% drop, reaching $0.00002446. Other meme coins like PEPE, BONK, and WIF also slipped by 4% to 8% today, reflecting a broader downturn in the sector.
Top Crypto Gainers Prices Today
Algorand
Algorand (ALGO) price is up by 15%, currently trading at $0.299. Its 24-hour low and high are $0.2515 and $0.3089, respectively, reflecting strong positive movement in the market.
Fantom
Fantom (FTM) price is up by 14%, currently trading at $1.09. Its 24-hour low and high are $0.92 and $1.13, respectively, showing strong gains in the past day.
Top Crypto Losers Prices Today
Stellar
Stellar (XLM) price is down by 15% in the last 24 hours, currently trading at $0.42. Its 24-hour low and high are $0.4186 and $0.5104, respectively, reflecting a significant decline in value.
The Sandbox
Sandbox (SAND) price is down by 10%, currently trading at $0.58. Its 24-hour low and high are $0.58 and $0.66, respectively, showing a decline in value over the past day.
Nonetheless, the hourly time frame and the crypto prices today indicate a potential reversal, with BTC and top altcoins showing signs of strength. This shift suggests a possible recovery after recent declines, as market sentiment starts to improve.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
THENA price has skyrocketed 500% in the last 24 hours ahead of its highly anticipated Binance listing. The token, a liquidity layer built on the BNB Chain and opBNB, is gaining significant traction in the market.
Binance’s announcement has fueled demand, with traders expecting increased liquidity and adoption for THENA. The listing marks a major milestone for the project, solidifying its position in the crypto ecosystem.
THENA Price Surge Driven by Binance Listing Announcement
Binance announced on November 26 that it will list THE token, a liquidity layer built on the BNB Chain and opBNB. This announcement triggered a massive surge in the token’s price, which skyrocketed by 500% in the last 24 hours. The news has generated significant excitement among traders, with many anticipating increased liquidity and exposure following the listing.
Binance, one of the top cryptocurrency exchanges, will open trading for multiple pairs, including THE/BTC, THE/USDT, and others. This listing is expected to provide greater visibility for THE and make it accessible to a broader range of traders. With its listing, THENA is poised for wider adoption and enhanced liquidity, key factors for its continued growth in the decentralized finance (DeFi) ecosystem.
The announcement has positioned THENA for increased demand, signaling a promising future for the token. As the listing date approaches, THE token is expected to gain further attention, solidifying its place in the crypto space.
THE’s Meteoric Rise: Price Soars and Market Cap Surges
THE price is currently trading at $1.17, marking an extraordinary 500% surge in the last 24 hours. The token has experienced high volatility, with a low of $0.20 and a high of $1.26 within the past day. Over the past week, the price has increased by 550%, bringing its market capitalization to $54 million. With a 24-hour trading volume of $27 million, THENA’s performance continues to capture significant attention in the crypto market.
Moreover, listings on top exchanges tend to attract more traders and investors, further driving the price of the token upwards. For instance, DEGEN’s price soared by 40% following its Binance listing announcement.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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