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Dogecoin Price Is Flashing Its First Sell Signal Since This Bull Run Began, Analyst Reveals What To Watch Out For

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2 days ago

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Crypto analyst Kevin Capital has warned about bearish indicators for the Dogecoin price. The analyst stated that Dogecoin has flashed its first sell signal since its bull run began and revealed what to watch out for following this development. 

Dogecoin Price Flashes Sell Signal

In an X post, Kevin Capital said that something to acknowledge and not ignore is that the Dogecoin price is now printing a sell signal on the weekly time frame. He added that this development is not set in stone yet, as Dogecoin needs to print this sell signal on this coming weekly chart to confirm this bearish outlook. 

Dogecoin price 1
Source: X

Kevin Capital further highlighted other bearish indicators for the Dogecoin price. He stated that the Moving Average Convergence/Divergence (MACD) shows that momentum to the upside is decreasing. Meanwhile, the Stochastic RSI is topped out, waiting for a bear cross. In line with this, the analyst stated that three strong indicators that currently have confluence show that a potential downside is imminent. 

However, Kevin Capital stated that the Dogecoin price action still looks bullish, and the money flow indicator is also bullish. He remarked that he tends to favor these bullish indicators over those in any market. The crypto analyst believes it is still worth alluding to the bearish indicators, as they are something to keep at the back of one’s mind. He added that there is no reason to be a permanent bull or bear. Instead, it is important to stay clear-eyed. 

The Dogecoin price is currently consolidating around the $0.4 range and just had its best monthly close this year in November, a month in which it enjoyed a gain of 161%. Thanks to that development, Dogecoin, which struggled in the middle of the year, is now up over 385% year-to-date (YTD). 

A More Bullish Perspective For The Meme Coin

Crypto analysts like Trader Tardigrade have offered a more bullish perspective on the Dogecoin price. In an X post, the crypto analyst stated that Dogecoin’s daily candle has closed with a breakout candle out of the bullish pennant. He added that DOGE is finally pushed above the resistance to break the pattern and start the next surge to the $1.3 target. 

Dogecoin price 2
Source: X

Crypto analyst Rekt Capital highlighted an ascending triangle which the Dogecoin price confirmed a breakout from, having achieved a daily close above the pattern top at $0.43. His accompanying chart showed that Dogecoin could rally to $0.56 next after breaking out from this ascending triangle.

 

Crypto analyst The Cryptomist offered a more bullish prediction based on this bullish ascending triangle. She stated that the Dogecoin price is heading to $0.70 this upcoming week. This rally would put the foremost meme coin close to its current all-time high (ATH) of $0.73. 

At the time of writing, the Dogecoin price is trading at around $0.43, up almost 2% in the last 24 hours, according to data from CoinMarketCap. 

Dogecoin price chart from Tradingview.com
DOGE price struggles to find support | Source: DOGEUSDT on Tradingview.com

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



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Altcoin

ETH Price to $4,000 Imminent as Ethereum ETF Inflows Surge Again

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11 minutes ago

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December 4, 2024

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Ethereum’s native crypto ETH is yet to participate in the altcoin market rally while peers like XRP, Cardano (ADA), BNB, have witnessed strong gains. The ETH price is holding firm at around $3,700 as investors predicted an immediate rally to $4,000 as Ethereum ETF inflows have surged once again.

ETH Price Surge to $4,000 Soon?

While Ethereum has not witnessed a rally this altcoin season in comparison to peers like XRP, ADA, and BNB, the bulls have defended the strong ETH support levels.

Crypto analyst IncomeSharks noted that Ethereum’s daily support remains intact, reinforcing confidence in holding positions entered earlier. “I wouldn’t chase ETH at this level, but for now, daily support is holding,” noted the analyst.

The analyst emphasized a commitment to on-chain utility plays and set a downside threshold at $3,200, indicating that a drop below this level would trigger an Ethereum sell-off. On the upside, IncomeSharks maintains a target of $4,000 or higher for Ethereum in the near term.

Courtesy: IncomeSharks

On the multi-year chart, ETH price has also formed a giant cup-and-handle pattern since November 2021. However, Ethereum first needs to confirm its breakout above $3,800, which will set the stage for explosive growth ahead. Analysts estimate a price target of $7,346 based on the pattern’s historical reliability in forecasting significant gains.

Source: TradingView / venturefounder

As of press time, ETH price is trading 2.15% up at $3688.51 with a market cap of $444 billion. Ethereum’s on-chain volume surged to $183.7 billion in November, marking its highest monthly total since early 2021 and a 9% increase over the previous yearly peak in March.

This growth highlights a significant capital rotation into on-chain activities, driven partly by a revival in Ethereum-based NFT trading. Ethereum-based NFT marketplaces recorded their highest volumes since June.

Spot Ethereum ETF Inflows Surge Again

The inflows into spot Ethereum ETF remain strong showing a surge again on Tuesday, December 3. After Monday’s $24 million in inflows, the net inflows on Tuesday surged to $132 million led by Fidelity’s FETH and BlackRock’s ETHA.

FETH recorded net inflows of $73.7 million while ETHA saw inflows of more than $65.3 million. The positive factor was that the outflows from Grayscale’s ETHE dropped significantly to $6.4 million, from more than $44.3 million, the day before., per the data from Farside Investors.

The BlackRock Ethereum ETF has already crossed $2.2 billion in inflows since inception while Fidelity’s FETH is just short of hitting the $1 billion milestone. Last Friday, the daily inflows in Ether ETFs also surpassed that of Bitcoin ETF daily inflows. This has become catalyst for a recent jump in ETH price.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

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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Pepe Coin Whales Accumulation Signals 7x Gains For PEPE Looms

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1 hour ago

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December 4, 2024

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Pepe Coin whales’ constant accumulation of the frog-themed meme token amid a bull cycle has birthed an optimistic wave among investors globally. On Wednesday, on-chain data indicated that a whale continued bagging the meme token, accumulating a total of 337.09 billion PEPE to date. Simultaneously, with other stats indicating heightened market interest in the asset, a potential 7x pump remains much awaited by market enthusiasts across the crypto landscape.

Pepe Coin Whale Accumulation Upbeat, Crypto Market Bullish

As per data by Lookonchain, Pepe Coin whales continue to accumulate the frog-themed meme token, indicating increased market interest. Notably, the wallet address 0x160…b5B bought 337.09 billion PEPE, worth $6.92 million, from Binance over the past 20 days. This massive accumulation, in turn, set off optimistic waves for the token, flagging heightened buying pressure.

Simultaneously, Etherscan data showcased a gradual rise in the asset’s holders at the time of reporting. Per the data, nearly 334,000 addresses held Pepe Coin, sparking optimism amid a bullish Q4 crypto market.

Etherscan data on Pepe Coin Etherscan data on Pepe Coin

Also, it’s worth mentioning that this one of the top meme coins was recently integrated into custody on Coinbase Prime. This enhanced offering further paves the way for money to inflow into the token, attracting a wide range of investors. Simultaneously, the frog-themed meme crypto’s ongoing bull run reflects market bullishness in the wake of the heightened buying and enhanced offerings.

PEPE Price To Surge 7x?

At the time of reporting, PEPE price was up nearly 0.5% and traded at $0.00002065. Its intraday low and high were $0.00001908 and $0.00002104, respectively. Further, the weekly and monthly charts for the coin showcased gains worth 12% and 154%, respectively. Altogether, the bullish trajectory, followed by increased buying, has solidified investors’ optimism surrounding further gains for the meme token.

Intriguingly, a recent PEPE price analysis by CoinGape pointed out that the meme coin could further rally 7x, phenomenally extending gains. This bullish analysis also rides the back of rising Pepe Coin whale accumulations, as over 10 trillion tokens were reported to be accumulated.

Overall, the abovementioned stats paint a highly bullish scenario for the frog-themed meme token, indicating more gains possible in light of burgeoning market interest. Market watchers continue to eye the coin, primarily reflecting bullish sentiments over future movements.

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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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BTC at $95K, BNB Up 15%, TRX Soars 70%, RSR Rockets 121%

Published

4 hours ago

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December 4, 2024

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The crypto prices remain bullish today, with Bitcoin (BTC) consolidating in the $93K to $96K range. Among altcoins, Binance Coin (BNB) surged 15%, reaching a new all-time high. Tron (TRX) jumped 70%, securing its position in the top 10 cryptocurrencies by market valuation. Reserve Rights (RSR) became the day’s top gainer with an impressive 121% rally.

The global crypto market cap rose by approximately 1%, now at $3.54 trillion. Trading volume also saw a boost, climbing to $292 billion. Let’s dive deeper into the top cryptocurrencies by market capitalization and their price movements today, December 4.

Crypto Prices Today: BTC at $95K, ETH, SOL Gain, XRP Drops by 6%

Bitcoin (BTC) is inching closer to $96,000, continuing to trade within a consolidated range for over two weeks. Binance Coin surged to a new all-time high and is now trading at $750, reflecting strong market interest. Meanwhile, Tron (TRX) made a significant leap and has entered the top 10 cryptocurrencies by market capitalization.

Bitcoin Price Today

Bitcoin (BTC) price trades at $95,900, with a 24-hour range between $93,629 and $96,669. Its market cap reached $1.9 trillion. The trading volume in the last 24 hours stood at $70 billion. Bitcoin’s market dominance dropped by 0.3%, falling to 54.11%.

According to sosovalue $17 million in outflows from a small BTC ETF on Tuesday. Ark & 21 Shares sold $93 million worth of BTC. However, Fidelity recorded a $52 million inflow. BlackRock’s ETF data remains awaited, keeping investors curious.

Meanwhile, Bitcoin mining firm Foundry cut its workforce to just 80–90 employees. The firm aims to streamline its operations.

Ethereum Price Today

Ethereum (ETH) price trades at $3,667, reflecting a 1% increase over the past 24 hours. Its 24-hour low and high are $3,504 and $3,708. The cryptocurrency has a market cap of $441 billion and a 24-hour trading volume of $40 billion. Ethereum’s market dominance currently stands at 12.56%.

sosvalue reported ETH ETFs saw an inflow of $67 million, with Fidelity contributing $73 million. BlackRock’s data remains awaited, leaving analysts eager for updates.

Meanwhile, Ethereum co-founder Vitalik Buterin emphasized the need for enhanced security and privacy in Web3 wallets. He urged wallets to integrate privacy features directly, reducing reliance on specialized privacy wallets.

XRP Price Today

XRP is trading at $2.55, showing a 6% drop in the past 24 hours. Its 24-hour low and high are $2.36 and $2.86. XRP’s market cap stands at $145 billion, with $42 billion in trading volume. It is currently ranked 3rd by market cap.

In other news, Ripple lead attorney in the lawsuit, Jorge Tenreiro, has joined the US SEC as Chief Litigation Counsel. This move raises concerns over stricter crypto oversight, especially due to his role in the XRP case.

Solana Price Today

Solana (SOL) price is trading at $238, reflecting a 5% gain in the past 24 hours. Its 24-hour low and high are $216 and $240. The cryptocurrency’s market capitalization stands at $113 billion, with $8 billion in trading volume. Solana ranks 5th among cryptocurrencies by market cap.

In a significant development, Grayscale Investments has applied for a Solana ETF with the US SEC. This move highlights the growing institutional interest in Solana’s ecosystem.

Meme Crypto Prices Today

Meme coins are showing a mixed reaction today. Dogecoin (DOGE) price was down by 2%, trading at $0.41, with a 24-hour high of $0.42. On the other hand, Shiba Inu (SHIB) was up by 3%, trading at $0.00003015.

Other top meme coins are also showing mixed movements. PEPE was up by 1%, and WIF gained 4%, while Bonk was down by 1%. The meme coin market continues to remain volatile, with varied performances across different tokens.

Top Crypto Gainer Prices Today

Reserve Rights

Reserve Rights (RSR) price saw a massive 121% jump in the past 24 hours, trading at $0.026. Its 24-hour low and high were $0.01231 and $0.02669. This impressive rally has placed RSR among the top gainers today.

The surge in RSR price comes amid growing speculation about the potential appointment of Paul Atkins as the next U.S. SEC chair under President Donald Trump. This news has sparked increased interest in the project.

Tron

Tron (TRX) price was the second biggest gainer in the last 24 hours, soaring by 70% and trading at $0.38. It has now entered the top 10 cryptocurrencies by market cap. Its 24-hour low and high were $0.2245 and $0.4406, respectively. TRON’s market cap stands at $32 billion, with a trading volume of $12 billion. The strong price movement highlights growing investor interest and solidifies TRON’s position in the top-tier cryptocurrencies.

Top Crypto Loser Prices Today

Kaia

Kaia (KAIA) price was the worst performer in the last 24 hours, with a 17% decrease in price. Crypto prices today show it is trading at $0.34, with a low of $0.26 and a high of $0.39.

Flare Network

Flare Network (FLR) price dropped by 10% and is now trading at $0.034. Its 24-hour low and high are $0.03199 and $0.0382.

The hourly chart looks bullish for the crypto market, with major altcoins and Bitcoin up by 1 to 2%. Overall, the crypto prices today show strong bullish signs, which could be a positive signal for investors looking for growth in the coming days.

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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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