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SUI Climbs 36% Amid Bullish Breakout – Is $1.50 The Next Target?

SUI has made some gigantic moves recently, posting strong bullish signals. In the last week, SUI registered an impressive 33% rally, pushing the price up to $1.18 at press time. This is getting people wondering whether the token is preparing for a longer ascent, as many are waiting for key levels that might influence the situation.

Price forecast for the altcoin predicts significant increase in the next few months. A strong upswing could propel the SUI to soar by 245% in the following three months.

The price chart of SUI shows a sequence of higher highs and lower lows, which confirms this view—textbook evidence of optimistic momentum. SUI has gradually climbed from a low of $0.60 early this year, passing through several resistance zones along the way.

Bullish Trend Signals Strength

SUI’s price movement indicates that bullish sentiment is gathering steam. The token’s capacity to breach resistance zones points to perhaps more fuel left for the rally. Market observers are closely monitoring the next significant resistance level at $1.2047. Should SUI exceed this barrier, the following targets should lie between $1.50 and $1.80.

While the support held high at $1.125, a firmer layer of support is observed at $1.045. The battle is on between the bulls and the bears, but the momentum seems to be on the side of the bulls. What would be the final test is whether they can push SUI past these resistance levels to trigger another round of buying.

Volume And Open Interest On The Rise

Supporting the bullish outlook is the increase in volume and open interest. Data from Coinglass shows the trading volume of SUI has risen 3.25% to $1.83 billion while open interest is up 11.85% at $331 million. This rising trade volume indicates growing interest in this token,.

With the increasing engagement, people seem to have big confidence in the short-term prospects of SUI. With these uptrends, the market sentiment is going strongly on a roll to sustain this rally. Technical signals and trading activities are showing good numbers for SUI bulls.


Price Predictions Show Optimism

The three-month prediction on price for SUI is quite optimistic. Analysts predict the coin rising 245.86% over the next three months. This would signify a massive rise from its present levels, indicating important momentum to be seen within the market and investors. Further ahead, the six-month projection is estimated to increase by 180.47% while the one-year outlook will hike by 166.62%.

These numbers suggest that SUI might continue posting steady gains in the medium and long run, despite being traded at 228% below estimates in the next month, suggesting optimism is still around it. Investors are waiting and on the lookout for when SUI will cross past these key levels, which may unlock and open up better prospects for the future.

The coin is drawing further attention as it moves with bullish technical signals coupled with increasing volume and positive price forecasts. It may be about to embark on a protracted rally considering the current position of the token, where it has managed to breach the strong resistance levels of around $0.016.

Featured image from Chainwire, chart from TradingView

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Nervos (CKB) Stuns Crypto Market With 120% Rally—Is This Growth Sustainable?

As of September 18, the broader crypto market has risen a percent as major cryptocurrencies like Bitcoin and Ethereum featured their return to pre-September levels. This bullishness bled to the altcoin market, prompting many tokens to follow the trend. Nervos (CKB) is one of those tokens that experienced astonishing growth with a 120% uptick, outperforming the broader market. 

Although CKB’s gains in the short term have been great, the long-term implications of such price movements are still important for investors and traders. The market’s current bullishness might continue for the broader community, but CKB’s performance long-term might be in question. 

Nervos: Breakthrough Halted By Resistance 

The token has gained control of the $0.015 support level for an attempted breakthrough on the $0.0198 resistance. However, the latter has held its ground against the bulls in the short term, potentially putting the gains made in the past few days in jeopardy. 

CKB’s position in the short term is threatened by this rejection as the token’s trajectory might push CKB well below its $0.015 support level. If this occurs, it will represent a sudden flip in the short-term outlook of investors and traders. 

The relative strength index (RSI) gives a clue as to where the token is heading. As of writing, the RSI points to a majority bull market for CKB, pushing the narrative that the token will continue upward. It also shows that the momentum of CKB’s market is on the side of the bulls. 

If the token continues to get rejected by this crucial resistance level, the token’s momentum will eventually side with the bears flipping gains to losses. Once this occurs, CKB’s trajectory will touchdown on $0.0114 in the short term. 

Upbit Lists CKB Trading Pairs And Other Developments This Week

Upbit’s official X accounts have announced this week that CKB is now supported on the trading platform. The South Korean crypto exchange lists three CKB trading pairs, namely CKB/KRW, CKB/BTC, and CKB/USDT, upping the liquidity of the token in the long run. This will lead to bigger exposure to the Korean market.

Digital assets on Nervos, through the imagiNation.market, are given new life as the latter is now listed on JoyID, a crypto wallet provider on Bitcoin. Although digital collectibles activity on Nervos is quite low, we can expect this development to contribute positively in the coming days or weeks. 

With the market’s general bullishness, we can expect the token to perform well in the short term even if it might face retracements in the coming days.

Featured image from Facts.net, chart from TradingView

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Shiba Inu Eyes Explosive 430% Climb As Momentum Builds —Analyst

Analysts have taken notice of Shiba Inu (SHIB) recently, which sees an unusual strength even when the greater crypto market gets into chaos. Optimism for the massive upswing in price came after a recent breakout from a falling wedge pattern. This technical development could be a sign of a downtrend turning into a bull’s market and could see a heavy price rise.

Technical Analysis Signals Potential Upsurge

On 20 August, Shiba Inu came out of a falling wedge pattern–a sign that bearish momentum was dwindling. According to crypto analyst Javon Marks, this breakout is a highlight in his report. He believes SHIB can head straight for an enormous rally with a goal price in the region of $0.000081.

That will amount to a solid 430% increase from its current level of $0.00001327. Even with recent market declines, the breakout above the upper trendline has kept SHIB consistent. Analysts are hopeful that as market conditions calm, this technical change points toward a possible rally.

Santiment’s Take And SHIB Price Prediction

On the other hand, though, investor sentiment sends out contrary signals. On-chain market intelligence platform Santiment says there is a lot of fear, uncertainty and doubt for the Shiba Inu investors.

The population of holders with less than 1 billion SHIB has fallen to its lowest since last November. There’s a pretty sharp drop in social media interest in SHIB, as well. This may also signify a more negative mood among investors in general.

But the most recent estimate from CoinCodex indicates Shiba Inu’s short-term approach being more conservative. With SHIB, the negativity is reportedly low since it is predicted to drop to almost -0.46%. The October 18, 2024 amount will be $0.00001323.

The current Fear & Greed Index of 45 reminds investors that fear is on the high end. The past 30 days reflect a pretty meager number of green days at 16 and volatility in terms of price stands at 4.52%. So, it goes without saying that the prognosis in recent times for SHIB has been mixed and uncertain.

Shiba Inu: Mixed Signals

Optimism and caution appear to be mixed up with the current situation of the Shiba Inu. Market mood and the prospects over the short run are in a more pessimistic condition even as the technical indicators put forward the possibility of a strong rally ahead.

These mixed signals should be carefully taken into consideration by investors and may want to sit back and wait for a few more such signs before going ahead to make investments. As always, it is good to be informed and cautious to pull through the uncertain times effectively.

Featured image from Pexels, chart from TradingView

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Shiba Inu Whale Action Hints At Explosive 7,000% Growth

Shiba Inu (SHIB) has had a tough market in the last six months, losing more than half of its value. At $0.0000138 now, the token is down 70% from its March high of $0.000045. Such a plunge is steep and stressful for investors who bought during its peak. Yet a faint glow of hope seems to emanate from the market as it sees a modest 6.5% gain over the last week.

Crypto analyst LuckSide thinks that SHIB will experience a huge rally in the coming months, considering mostly whale activity as an encouraging reason. Meanwhile, based on an examination by crypto analyst Dexter, and CoinCodex, development may be slightly below par, so SHIB will not be able to boast high short-term returns, but the long-term value is really massive. By the middle of October, according to CoinCodex, SHIB may fall down by -0.51% at best and reach $0.00001330.

Whale Activity: The Main Catalyst

One of the most impressive developments in the Shiba Inu market is the drastic increase in whales’ activity. In a mere two days, whales accumulated over 3 trillion SHIB tokens, which shows that these large holders and other major investors have regained interest in this asset. Whales have also withdrawn over $4 million worth of SHIB from exchanges; this, in most cases, is an indicator that confidence remains high in the long-term prospects of the meme coin.

LuckSide believes this accumulation will spur a strong price rally. He projects that eventually, SHIB can go up to $0.001, marking an increase of 7,145% from the present day. Despite this prediction, LuckSide claims that whales’ movements usually herald a considerable market shift. He also believes the man in the street will buy in if Shiba Inu can succeed in breaching its significant resistance level of $0.000016, which is just 16% higher than its price today.

Bearish Sentiment Persists

Still, not all digits indicate an upward trend. The current market for Shiba Inu, in the Fear & Greed Index is dim at 33 (Fear). CoinCodex also made some predictions regarding SHIB and it indeed agrees with the conservative point of view: by October 17, 2024, a minute drop of -0.51% is forecasted, and may get down to $0.00001330.

Shiba Inu has failed to maintain the momentum after several successive positive movements. The coin had green days only 50% in the last month, and the price volatility remained at 4.49%.

Data from CoinCodex and other websites do not consider this as a good buy, primarily due to easy money makers. Broader market hesitancy is reflected in the softened price action that makes the short-term prospects unattractive.

Long-Term Potential Still In Play

While the short-term future of SHIB is unsure, some analysts still hold hope that the coin will experience a long term upside. For example, crypto trader Dexter says Shiba Inu easily reaches the threshold of $0.00015, which is a 10-fold increase.

LuckSide’s model is much more aggressive than Dexter’s model; however, this is much less – but still gives room for optimistic investors to stay and wait. According to him, meme coins like SHIB usually have episodic surges, most especially when whales begin rallying.

Featured image from Pexels, chart from TradingView

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The Sandbox (SAND) Sets Sights On 1,111% Growth Amid Crypto Market Pressures

The Sandbox (SAND) has lately attracted interest with opposing opinions on its potential price movement. Although some analysts believe there is room for large increases, short-term data point to a more wary stance.

Though long-term estimates show a different, more hopeful picture, recent studies hint to a likely price decline in the next weeks. What then is the actual SAND story, and should investors act right now or hold off?

Crypto price prediction website CoinCodex says, by mid-October 2024, the total value of The Sandbox should have gone down by 5.45% to $0.232674. Technical indicators are rather unfavorable. If indeed, as it’s turned out today,

The Fear & Greed Index is neutral at 51, then there is definitely no sigh of quick recovery in sight either. SAND has 63% of the green days over the last month; however, its volatility rate is 6.27%, which speaks for continuous instability.

Transient Issues

Short term, SAND does not look amazing. The technical perspective of things so far is a bit conservative, meaning that now may not be the best time to buy. While SAND has recently been able to display resilience with a decent number of green days, the overall vibe is trending down. Waiting for more favorable conditions could be a preferable plan for people trying to make rapid profits.

Some investors are hanging on despite the great volatility, thinking the market would shortly flip. Nothing new about volatility in cryptocurrencies; The Sandbox has seen such storms previously. This does not mean, though, SAND is impervious to more declines. Should the price projection be accurate, a slide to $0.232674 could attract more short-term market activity.

Long-Term Positive Outcomes

Unlike the gloomy short-term projection, some analysts—like Alan Santana—are showing a more optimistic long-term stance. Santana speculates that SAND might be in a critical accumulation phase with great upside possibility.

He claims that although recent volatility has caused fluctuations, the coin has regularly reached lower lows since July 2021, pointing an overall increasing trend. Moreover, he thinks that this would be a great opportunity for long-term investors to build SAND at the present low price.

Santana has lofty long-term SAND projection. From its present price, he projects a price goal of $22.22, which offers a whopping 8,600% return on investment. Apart from this long-term objective, one has to take short-term figure into account. Santana projects a 415% rise not too far off, then a mid-term target of 1,111%. Investors could make significant gains even before the long-term goal is met.

Market Change To Bullish?

The whole cryptocurrency sector fought to start a bull run in 2023. SAND, like several cryptocurrencies, fell to their lowest levels in recent months. Some observers believe the market is gradually turning bullish. If this changes, The Sandbox may benefit from a market resurgence.

The Sandbox is currently showing $0.2532 and declining some 0.27% over the past day. Long-term promise is here–even so with a few short-term hazards–because there are some unfavorable warnings at the moment that investors will have to weigh against the more hopeful view for 2025 and going forward.

Featured image from Phemex, chart from TradingView

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Shiba Inu Seen Exploding 1,000%-7,300%: Bold Predictions Signal Massive Growth

Once more making waves with some fascinating predictions is Shiba Inu (SHIB). Top trader Dexter has set an ambitious long-term target for the meme coin despite market volatility, expecting it may rise from $0.00001389 to $0.00015, which is almost a 1,000% increase.

SHIB is exhibiting a 1.27% growth over the previous 24 hours, and over 7% in the last week. Still, it’s not getting much traction even while the larger crypto market shows an improving trend.

Analyst Krao at TradingView presents a somewhat different prediction. With a whopping 7,300% gain from its present price, Krao is hopeful that SHIB might perhaps soar to $0.001 by early 2025.

His positive view rests on a fundamental technical pattern shown on the monthly chart. SHIB has been caught in a protracted decline since reaching its all-time high in October 2021 of $0.000088. A break from this declining wedge formation, according to Krao, could set off a major rally and propel SHIB skyward.

Shiba Inu: Short-Term Forecast

Unlike Krao’s long-term hope, CoinCodex presents a more wary short-term SHIB projection. Their study shows that the price is expected to gradually decline by 0.69%, maybe reaching $0.00001397 by October 13, 2024.

With the Fear & Greed Index showing a level of anxiety at 32, the overall mood is neutral. This captures a degree of market anxiety that can affect the near-term fluctuations in SHIB. Despite this, some analysts advise that considering the possibility for future gains, now could still be a good time to buy SHIB.

Current Market Sentiment

Before somewhat recovering, SHIB’s price dropped into the $0.000012 area earlier this week. The token’s performance has been underwhelming on weekly and monthly bases. Its recent price path has shown more gloomy days than more hopeful ones.

Apparently moving their money to other joke currencies like PEPE and Dogelon Mars, which are now outperforming SHIB, are retail investors. Dexter keeps a good perspective in front of these difficulties.

He is hoping that SHIB might still eradicate another zero, so increasing its value in the next months. Having a market cap of more than $7.78 billion, SHIB is still rather prominent in the digital currency scene.


Support And Resistance

Dexter’s study identifies critical support areas for SHIB, mostly between $0.00001076 and $0.0000120. SHIB needs these support levels if it is to get back up and increase momentum. Should SHIB decline from these levels, it may do so significantly to $0.000007.

From its present value, this possible drop would be 47%; from its annual high of $0.000045 attained in March, it would signal still another dip. Technical signs point to SHIB as at a turning point. Whether it can keep these important support levels will mostly determine its capacity for a bounce-back.

Looking Ahead

While Shiba Inu negotiates its present difficulties, different analysts present conflicting views. While Dexter’s long-term optimism and Krao’s ambitious forecasts offer a more complicated picture, CoinCodex offers a cautious short-term prognosis projecting a decline in SHIB’s price.

Dexter’s optimistic long-term goal highlights a notable difference in perspective when it compared with Krao’s prognosis for a major rally These insights from CoinCodex, Dexter, and Krao should be carefully taken into account by investors assessing SHIB’s future under continuous market uncertainty.

Featured image from Revolutionized, chart from TradingView

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Is DogWifHat (WIF) The “Most Bearish” Of All Major Meme Coins?

Meme coins have been sliding in recent weeks. According to Coingecko, all meme coins’ total market cap is around $42 billion.

Dogecoin remains the most valuable, with a market cap of over $15.4 billion, followed by Shiba Inu, which has a market cap of around $8 billion. It has been a turbulent few trading months for meme coins, whose valuation is down from over $65 billion in Q2 204.

Meme coins total market cap | Source: Coingecko

WIF Struggling, Is This The “Most Bearish Meme Coin”?

Though Bitcoin is turning the corner, a development that can yank top altcoins like Solana and meme coins higher, one analyst is bearish on DogWifHat (WIF). According to Coingecko, WIF is one of the top meme coins on Solana, commanding a market cap of over $1.5 billion and a slot in the top 5.  

While WIF might be up over 98,000% after dropping to all-time lows of $0.00155 in December 2023, the token is down 68% from recent all-time highs. WIF prices exploded, riding on Solana expansion and the meme coin fever that swept across the industry in the first half of the year.

The analyst now thinks WIF will likely dump in the coming sessions. Driving this outlook is the state of the chart pattern, which points to weakness all through. From how the WIFUSDT chart is aligned, the token, the analyst claims, could be the “most bearish of all major meme coins.”

WIF is bearish | Source: @Crypto_Scient via X

Bulls Have A Chance If Bitcoin Recovers, DogWifHat Finds Resistance At $2

While there is optimism that WIF could bounce and benefit from the market-wide recovery, the current bearish structure damps optimism. From the analyst’s assessment, buying the meme coin at spot prices is risky. The only time traders can consider loading WIF is once it breaks out from the descending wedge, as is evident in the daily chart.

In summary, WIF is down nearly 50% from July highs. Although prices recovered after the bounce in early August, buyers didn’t build sufficient momentum to reverse losses. The immediate resistance is $1.99, while support is $1.30.

WIF price trending downward on the daily chart | Source: WIFUSDT on Binance, TradingView

For the uptrend to take shape, WIF bulls must break above $2, ideally with rising trading volume. In turn, this may set the momentum for another leg up that could see the token expand to as high as $3–or July highs in a bull bar continuation formation.

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Why A Leading Investor Is Still Very Bullish On Shiba Inu, Even Amid Declines

Shiba Inu has been struggling to post significant price gains lately, but famed investor Jake Gagain does not care about it and stays extremely optimistic about the cryptocurrency’s future.

Despite the recent dip in value, Gagain was still very optimistic about SHIB. This contrasts with the current SHIB price forecast of a -0.87% decrease, with a predicted price of $0.00001301 by October 9, 2024.

Gagain believes that Shiba Inu will experience a large rally soon, now being the 13th-largest cryptocurrency by market cap.

Investor Confidence Amid Price Dips

The predictions of Gagain were not borne out of recent performances by Shiba Inu. The cryptocurrency had nosedived to $0.00001244 on September 6 from its daily high of $0.00001339, reflecting a slump of 7.09%.

This was greatly influenced by the weak ISM Manufacturing data whose shockwaves were still being felt within the general financial market. The data showed the PMI index slipping to 47.2 below what was expected in the market.

As a result, the cryptocurrency giant, Bitcoin, sank from around $58 000 to $53 000, pulling all tides of many altcoins, Shiba Inu included.

Shiba Inu: Expanding Ecosystem

Despite being in a downtrend at the moment, there is much going on within the Shiba Inu ecosystem that may make Gagain so optimistic.

The meme coin has moved past just being a token into a more complex ecosystem. It now comprises a play-to-earn game called Shiba Eternity, a decentralized exchange – ShibaSwap – and even a metaverse project called Shib: The Metaverse.

On top of that is perhaps the introduction of ShibTorch, an automated burn portal reducing the circulating supply of SHIB, as another potential catalyst of increases in the future. It may be partly for such reasons that Gagain, along with his community of enthusiasts, has much to remain optimistic about in the long term for SHIB.

Technical Analysis and Market Sentiment

Shiba Inu’s technical indicators right now are mixed. At 26, the Fear & Greed Index shows that asset-owning investors are in fear. With 14 out of 30 days in the green over the past month, the meme coin shows a really good performance rate of 47%. Still, the digital asset has undoubtedly created erratic price fluctuations with a volatility rate of 4.39%.

While Gagain’s bullish outlook indeed offers a brighter perspective, current market conditions remain cautious. The combination of bearish sentiment and high volatility, therefore, would call for caution from potential investors.

Besides these recent price dips, several of the ongoing projects and ecosystem developments hold long-term value. Yet, the present market environment has a twist leading to fear and uncertainty, and now is probably not a good time to venture into SHIB. Investors will weigh these facts before making any decision.

Featured image from FinanceFeeds, chart from TradingView

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Solana To $100 Inevitable After This Break? SOL Forms A Triple Bottom

Like Bitcoin and other top altcoins, Solana continues to sell off at press time, rewinding losses of the first part of the year. At press time, SOL, the native currency of the smart contracts platform, is trading at around $130, retesting a critical support level.

As it is, the third-most valuable crypto asset is down nearly 40% from 2024 highs of around $210. Technically, sellers are in control, and unless there is a sharp shift in trend favoring buyers, the short-term will continue to be bearish.

Is SOL Preparing For $100? Triple Bottom Forms

Though some analysts are upbeat, expecting a rebound toward the $200 zone in the coming days and weeks, others are bearish. Taking to X, one analyst said SOL, in line with the current state of price action, thinks the coin will slip to as low as $100.

This outlook, it should be noted, follows the recent drop from a key resistance, previously supported, level at around $140. With the coin changing hands at $130, the analyst is convinced there will be more losses in a bear trend continuation pattern. From his outlook, SOL will trickle lower “if nothing changes” in the market.

SOl is weak | Source: @DU09BTC via X

The forecast, looking at the candlestick formation in the daily chart, isn’t surprising. As mentioned earlier, SOL is down by nearly 40%% from March highs.

With prices consolidating and moving inside a wide range of between $210 on the upper end and $130 on the lower end, this prediction aligns with recent price movement. Presently, SOL is now retesting multi-month support as a triple bottom form.

Solana price trending downward on the daily chart | Source: SOLUSDT on Binance, TradingView

For the printout of the uptrend from October 2023 to March 2024, SOL must find support around spot rates. Subsequent gains above $140 and $160 could spark demand, lifting the coin toward $190 and, finally, $210 or 2024 highs.

Solana Dumps, Bitcoin Sell-Off And Pump.fun Liquidation Impact Sentiment

Even so, the leg up will depend on a multitude of factors. A recovery in Bitcoin prices would almost likely lift altcoins, of which SOL is highly ranked. Besides this, the resurgence of meme coin activity on Solana will be a big price movement.

Lookonchain data shows that Pump.fun, a meme coin launchpad on Solana, has been liquidating SOL. Being a large holder, their action is net-negative, impacting sentiment and helps sow doubt on the strength of buyers.

Pump.fun selling SOL | Source: @lookonchain via X

As a SOL whale, the more they sell, the more retailers dump, following in their path. By September 3, the meme coin launchpad had sold over 264,000 SOL worth more than $1.3 million.

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Solana To $100 Inevitable After This Break? SOL Forms A Triple Bottom

Like Bitcoin and other top altcoins, Solana continues to sell off at press time, rewinding losses of the first part of the year. At press time, SOL, the native currency of the smart contracts platform, is trading at around $130, retesting a critical support level.

As it is, the third-most valuable crypto asset is down nearly 40% from 2024 highs of around $210. Technically, sellers are in control, and unless there is a sharp shift in trend favoring buyers, the short-term will continue to be bearish.

Is SOL Preparing For $100? Triple Bottom Forms

Though some analysts are upbeat, expecting a rebound toward the $200 zone in the coming days and weeks, others are bearish. Taking to X, one analyst said SOL, in line with the current state of price action, thinks the coin will slip to as low as $100.

This outlook, it should be noted, follows the recent drop from a key resistance, previously supported, level at around $140. With the coin changing hands at $130, the analyst is convinced there will be more losses in a bear trend continuation pattern. From his outlook, SOL will trickle lower “if nothing changes” in the market.

SOl is weak | Source: @DU09BTC via X

The forecast, looking at the candlestick formation in the daily chart, isn’t surprising. As mentioned earlier, SOL is down by nearly 40%% from March highs.

With prices consolidating and moving inside a wide range of between $210 on the upper end and $130 on the lower end, this prediction aligns with recent price movement. Presently, SOL is now retesting multi-month support as a triple bottom form.

Solana price trending downward on the daily chart | Source: SOLUSDT on Binance, TradingView

For the printout of the uptrend from October 2023 to March 2024, SOL must find support around spot rates. Subsequent gains above $140 and $160 could spark demand, lifting the coin toward $190 and, finally, $210 or 2024 highs.

Solana Dumps, Bitcoin Sell-Off And Pump.fun Liquidation Impact Sentiment

Even so, the leg up will depend on a multitude of factors. A recovery in Bitcoin prices would almost likely lift altcoins, of which SOL is highly ranked. Besides this, the resurgence of meme coin activity on Solana will be a big price movement.

Lookonchain data shows that Pump.fun, a meme coin launchpad on Solana, has been liquidating SOL. Being a large holder, their action is net-negative, impacting sentiment and helps sow doubt on the strength of buyers.

Pump.fun selling SOL | Source: @lookonchain via X

As a SOL whale, the more they sell, the more retailers dump, following in their path. By September 3, the meme coin launchpad had sold over 264,000 SOL worth more than $1.3 million.

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Floki Bullish Breakout Ignites: Could A 96% Surge Be Next?

Of late, Floki has been in the headlines, with investors apparently mixing this frenzy with a mix of technical analysis and improving on-chain data.

Floki, a meme coin named after Elon Musk’s Shiba Inu dog, is making waves within the crypto market. According to analysts such as CryptoAnalystHub and Javon Marks, this token is predicted to see colossal gains.

But is this meme coin really due for major upside price action, or are hype and expectations running ahead of the fundamentals?

On Falling Wedges And Potential Breakouts

CryptoAnalystHub, a prominent analyst on social media, has successfully plotted a Bullish Falling Wedge in Floki’s price chart. This is generally indicative of the possibility of a price reversal, according to the respective technical indication.

In other words, the pattern signals that the recent downtrend for Floki might be at its last stage, thus giving way to an upward rally.

The Falling Wedge, characterized by two converging trendlines with a downward slope, has served to squeeze Floki’s price action between the lines and has printed a series of lower highs and lower lows.

According to CryptoAnalystHub, a breakout above the upper trendline has already occurred, which would mean that Floki is at the cusp of a major bullish phase.

However, the analyst explains that if Floki is to sustain an uptrend, it needs to be able to push above pivotal resistance areas around $0.00021176 and $0.00027969.

These have been resistive zones showing renewed selling pressure in the past and, thus, are crucial for the digital asset to break through.

Keeping An Eye On Floki

Adding to the bullish sentiment, crypto analyst Javon Marks recently flagged Floki as one to watch. On X, Marks projected over 96% gains in store for Floki once a Hidden Bull Divergence has been confirmed.

He noted that a break above $0.0002761498 would unlock the door for even healthier gains, pointing to the next key level at $0.0005467298 – a further upside of 90% from this point, further building on the optimistic prospects into the future of Floki.

On-Chain Data Favor The Bulls

Beyond technical analysis, on-chain data also looks promising for Floki. Noticeable growth in the network is seen, as depicted by the increase in new addresses.

This could indicate a trend that fresh capital has started flowing into the Floki ecosystem and may be pushing up demand and, therefore, its price.

Further supporting this is the increase in daily active addresses. Increased activity often suggests that interest and momentum are building within a community, which is usually a precursor to increased prices.

Is The Hype Justified?

While this might be so from the technical and on-chain indicators for Floki, an un-cautious approach towards such predictions is warranted, seeing that it is a meme coin. Meme coins are very prone to volatility and hence dramatic shifts in sentiment. That being said, while Floki has had a decent run in recent days, investors should be prepared to lose it all.

Technical patterns, on-chain data, and the increase in investors’ interest support the great price surge of Floki. But it remains to be seen whether this meme cryptocurrency would sustain this. After all, as they say, within the crypto space, expect the unexpected.

Featured image from Gadgets 360, chart from TradingView

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New ATH Incoming? Expert Says PEPE Poised For ‘Humongous’ Breakout

Pepe Coin is attracting the attention of analysts and crypto enthusiasts with the meme coin’s recent performance. Over the last week, PEPE surged 8%, amid developments in the market and growth in investor confidence.

According to crypto price prediction platform CoinCodex, PEPE is going to surge upward by 226%, which takes PEPE price to $0.00002804 by September 26, 2024. These are very bullish forecast helped along by analyses that indicate PEPE could be signaling a “humongous” breakout, according to crypto analyst The Crypto Titan.

PEPE: The Symmetrical Triangle

The pattern is noted in the manner in which PEPE had rebounded recently from the lower boundary, which validates the healthy buyer support at this level. The price is now nearing the apex of the triangle, which indicates that there is an impending breakout.

Generally, the breakout from a triangle’s upper trend line leads to large price increases. According to analysts, the price might likely record a significant gain that will send it to new all-time highs if PEPE manages to break beyond this level.

Again, the bullish sentiment is is being confirmed by a couple of technical indicators. For instance, the price of PEPE is close to the upper Bollinger Band, suggesting that the upside remains strong. They have a potential short-term resistance level at $0.00000955; if it were to break, the next target zone would be around $0.00001300.

The current volatility stands at 15%, with the coin having experienced 11 out of 30 days “green” in the last month. That’s obviously in favor of rising prices. Although with such high volatility, currently the indicators hint that a breakout above $0.00000955 with very high volume accumulation and similar bullish patterns features a good long-term buying opportunity.

Future Forecast And Market Sentiments

Looking forward, the outlook for the meme coin is extremely bullish. Based on data by CoinCodex, the surge is in line with current technicals and recent performance metrics.

At the present, mood is neutral; the Fear & Greed Index matches this and stands at a reasonable 48, which is an excellent time to acquire PEPE given such a balanced attitude along with a good projected price increase.

A crossover of technical analysis with the recent performance is suggesting potential gains for major levels. This is something that investors in meme coins will need to keep a close watch on, as the technical patterns all seem to show that it is a great choice right now. Its forecast firmly points strongly to major future gains, and a breakout could be just around the corner for PEPE.

Featured image from The Portugal News, chart from TradingView

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Dogecoin: Will History Repeat Itself? What This 3-Year Pattern Means

One of the favorite meme coins has again been in the headlines. Recent price action suggests that Dogecoin might probably be bottoming as it sets itself in for what could turn out to be a big bull run.

This has market observers looking toward some specific technicals that have signaled price surges in recent weeks. These indicators, marked through green and red lines, are currently penetrating, which raise hopes that the rally could start from the first week of September.

There are also reasons for optimism stemming from the cyclic nature of Dogecoin’s price rise. Recently, analysts have noted that DOGE has a sharp hike in price each three years.

In the first cycle, which started in 2016, Dogecoin’s price hiked 1.5 times at the end of the year. The second cycle, which began in 2020, saw that price multiply 2.5 times. If the same cycle continues, then experts say DOGE may finish off 2024 at nearly $0.31, over 3.5 times higher than where it is starting out at $0.09051.

Social Media Buzz And Musk’s Influence

Dogecoin is surging with the rise in price, and so is the ongoing social media buzz. DOGE has been trending on X for some days now. The development is partly occasioned by a recent tweet from Elon Musk, the Chief Executive Officer of SpaceX and Tesla.

In these regards, however, not everyone might be convinced that the momentum now surrounding Dogecoin will follow through. Some analysts do point out that while Dogecoin has made huge leaps — including amassing a market capitalization of over $90 billion — its inflationary supply status and weakening cultural importance may weaken its hold on the meme coin market at a later date.

The speculations continue to rise that a new meme coin could take the lead over Dogecoin in this cycle. Combined market capitalization for DOGE and SHIB, according to CoinGecko, now makes up only 57% of the total market capitalization of all meme coins, which is well retracted from its highs.

2025: The Wild Card Year?

Looking ahead, 2025 might be an important year for Dogecoin. Historically speaking, the fourth year of the cycle has been when DOGE saw the most substantial price increases. In 2017, during the first cycle, Dogecoin’s price went up as much as 9,000%. The second cycle in 2021 was even more outrageous: an 18,000% increase. If this were to hold good, then 2025 would promise to be a real roller coaster for investors.

Yet, if these projections sound a bit too bold, it has to be remembered that past performance is not a guarantee of future results. Be that as it may, the cyclical analysis indeed provides an intriguing framework, but the market for meme coins is notoriously volatile and unpredictable.

Bearish Sentiment And The Road Ahead

Interestingly, while some analysts are predicting a bullish future for the cryptocurrency, others are more conservative. According to CoinCodex, the current sentiment is bearish, with Dogecoin expected to drop 3.84% and reach $0.090315 by September 25, 2024. The Fear & Greed Index currently reads 55, which suggests that investors are leaning toward optimism but with caution.

The future of Dogecoin is as unexpected as its meme-generated beginning. With its large base and going toe-to-toe with Elon Musk in its visibility, market conditions depend on many things that range from global economic factors to the mood of online communities. As 2025 draws near, one thing is for sure: this will be one wild ride for DOGE.

Featured image from Vietnam Insider, chart from TradingView

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Solana’s Popcat Balloons 96% In A Week – The New Token To Watch?

Making its presence known, the meme-inspired cryptocurrency Popcat, on the Solana blockchain, sure does know how to make waves. In 24 hours, the price rose 23% to $0.740. But equally impressive is this: the token registered a 96% gain in the last seven days.

 

This surge has been sufficient to attract the attention of traders and investors due to its magnitude. A total of $127 million worth of transactions took place over the course of the previous day, indicating an increase in the trading activity.

Meme Culture Driving Popularity

First entering the digital currency scene in October 2020, the meme coin is famous for the funny “pop” motion done by the feline and has been used in a series of video clips across social media and even in video games.

The meme coin community is mostly responsible for its success. The virtual market has many investors who profit from trends. Popcat has distinguished itself from other meme coins by doing this.

Popcat: Strong Buy Opportunity

The recent analysis has shown Popcat holding very well on the bullish side. One of the predictions from CoinCodex sees a rise as high as 226% to $2.44 by September 25, 2024.

Basically, this prediction is driven by a reading of 55 for the Fear & Greed Index. Over the last 30 days, Popcat was 43% in the green and with 22.86% volatility, positive feelings are certainly ones to be excited about.

Some analysts agree that now could be an ideal moment to buy Popcat based on these signals since the numbers are at an all-time high. After all, the projection suggests ongoing expansion, thus this is quite a suitable starting position for any investor hoping to profit on the rising upward trend of this token.

Market Performance And Future Prospects

With an all-time peak of $0.993 registered July 21, 2024, Popcat’s performance has been nothing short of spectacular. At the time of writing, the token was trading 25.3% below such a peak. However, going by the recent price action, a recovery could be just around the corner. Market observers peg key support and resistance levels as low as $0.23 for the price floor and $0.95 for peak resistance.

Memes, community support, and market optimism—these are what drives Popcat up. It attracts cryptoverse participants with a $725 million market cap and rising trading volume. So, as this token breaks into the crypto spotlight, so should investors be on their toes regarding growth.

Featured image from Reddit, chart from TradingView

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End Of The Slump? Floki Eyes A 46% Price Surge — Analyst

Floki, the joke coin that used to be very popular, has been going up and down since June. It dropped from a high point of $0.00034 to a low point of $0.00011, a huge 65% loss.

But an 18% rise in the last 24 hours has given experts new hope. They are now speculating on a possible price surge, with some predicting a remarkable 165% growth over the next year.

Floki Breakout Looms?

“Floki’s price action has received strong support from a descending trend line,” said ZAYK Charts, a popular crypto analyst. The technical pattern is bearish and shows steady selling interest, which has generally kept prices low, but ZAYK has begun to feel the breakout is near.

In the event that Floki can shatter the resistance zone that has been keeping pressure on its value, it is likely to start a massive bull cycle, which could easily drive the asset’s price by over 46% from its current value, the analyst said.

Volatility Indicator Suggests A Likely Change

The recent price activity of Floki didn’t go unnoticed by traders. A peak through the Bollinger Bands uncovers a popular volatility indicator on the verge of an interesting period of low volatility, with the bands contracting.

Under these circumstances, either upside or downside price movements have sprung. From the current position at the middle band, Floki is likely to consolidate and wait for a cleaner signal of development from market participants.

To add to the pressure, its RSI hit the 46.32 figure, meaning it’s sitting in neutral territory—just with a very slight lean towards the oversold camp. Any RSI reading under 50 is a sign of weak market momentum but, considering it still isn’t under 30, Floki might just spend weeks consolidating unless something changes the market dynamics.

What Lies Ahead For Floki?

The market analysts watch whether or not Floki can hold up this surge. From a price that trades far below the value projected for the next month, of which it’s 230% off the estimate, this highly poses an undervalue situation, and for some market analysts, it may be a cause of an uptrend anytime soon.

The short-term still looks quite lucrative for Floki: a 245% gain is expected to be accrued in the coming three months, which should open the way for a more robust recovery. This could be easily drawn by many traders, with the intention of making profits at low prices.

Looking beyond short-term calculations, the price of Floki will continue to move upward. In one year, the investment would be worth 180% more, an absolutely stunning move. Looking one year out, the goal is a target of 167% to the upside.

Featured image from Scam Robot, chart from TradingView

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Shiba Inu Skyrocketing Potential: Could SHIB Surge 500%?

Shiba Inu (SHIB) may be gearing up for a massive spike as cryptocurrency analysts are divided on what could come next. Javon Marks, one popular social media member in the crypto-verse, has taken to X, formerly known as Twitter, with some very bullish comments that SHIB is on the brink of a major breakout.

According to Marks, a serious price pattern has been forming that suggests SHIB could be getting ready for an explosive move higher. At the same time, though, another analyst, Alan Santana, suggests this current market phase is not going to rally but gives way as an opportunity for long-term accumulation only.

The Falling Wedge Pattern

Marks is optimistic due to the formation of what is known as a Falling Wedge pattern, which usually forms as a bullish reversal. This wedge has been emerging for many months, and SHIB is now reaching the point where a breakout could occur.

Marks said that the narrowing price action inside the wedge indicates a big price shift might be due. Should SHIB break out, Marks assigns a target price of $0.000081, which would be an incredible 498% higher from current levels.

Rising Investor Interest In Shiba Inu

Currently, SHIB stands at a price that is close to $0.000013, which signals that it is worth over 1% more in the last day. The insignificance of this price jump may serve as a rebounding sign for SHIB, which jumps to 25% from the lows of $0.000010 not too long ago.

But not everyone is swayed that SHIB will experience such drastic moves in the short run. For example, Alan Santana, a respected crypto analyst, is a bit more level-headed.

Santana holds his opinion that SHIB is within an active correction phase, which is likely to further slash its price before any substantial gains can be accrued. A sideways move and consolidation period shall be the best move for long-term investors in this case.

Accumulation Zone And Long-Term Strategy

Santana noted that the prevailing range is an accumulation zone—where patient investors are able to build their SHIB positions at lower levels before the token is reclaimed at parity.

He sees SHIB rising by a factor of around 20 to 25 times from its current price by the peak of the next bull run in much the same way. According to him, this would only happen after 2025. For those looking to gain from a long perspective, Santana says patience is the name of the game.

Featured image from Pexels, chart from TradingView

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Despite A Stormy Market, Dogecoin Addresses Skyrocket To Over 6 Million

Dogecoin has been a focal point in the cryptocurrency world, and a mix of positive and negative signals is setting its future. On one hand, the number of Dogecoin addresses has been increasing. On the other hand, the recent technical analysis gives less reason for optimism over the short to medium term. What must investors make of this dual narrative?

Dogecoin Rising Adoption: Silver Lining

Data from the latest charts on Crypto Daily Trade Signals reveal that the number of Dogecoin addresses with a balance has grown to 6.56 million, up 20% from eight months ago. Such an adoption swing indicates that more people are holding on to their DOGE for further gains. This has developed into a strong vote of confidence in the cryptocurrency while its price has been unable to gain traction.

This optimism, however, is somewhat offset by several short-term indicators. According to IntoTheBlock, the price of Dogecoin has been trending down despite the steady increase in active addresses. The Fear & Greed Index currently rests at 25, which translates to “Extreme Fear,” a direct indication that the market is in a state of worry. This often leads to increased selling pressure, further depressing prices.

Bearish Short-Term Forecast: Should You Be Worried?

Technical analysis by crypto price prediction platform CoinCodex indicates further bearish action in the immediate future for Dogecoin. It is estimated that by September 16, 2024, Dogecoin will drop by 14% to a price target of $0.087023. This is supported by the fact that over the past 30 days, Dogecoin has only spent eight days positive, indicative of its downward trend.

The price volatility has been high at 11% over the last month, indicating extreme swings in prices and uncertainty in the market. This kind of volatility at these levels, along with such extreme fear in the market, further indicates that there may be more downward pressure on Dogecoin in upcoming weeks. In that case, this may not be a good time for one to invest in DOGE.

Contradictory Signals: What’s The Real Story?

The contrast between the rising number of Dogecoin addresses and a bearish price forecast is rather puzzling. On one hand, the growing user base could be viewed as an ultra-bullish sign: more interested people and prospects for further development. On the other hand, negative technical indicators and fearful sentiment of the market cast a shadow.

A falling wedge that usually has a bullish bias in price action has dominated Dogecoin recently. Though this is the case, considering market conditions, such a breakout looks unlikely in the near future. In the setting of the resistance at $0.11, analysts are not very sure that it shall be reached due to the existing bearish sentiment.

Dogecoin is in a mixed-signal situation at the moment. While the adoption continues to increase, the short-term technical analysis leans bearish. The Fear & Greed Index, coupled with the recent price performance and high volatility, is all indicating that the market does not favor Dogecoin at this point.

Featured image from ZyCrypto, chart from TradingView

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Is Dogecoin (DOGE) Headed For A 40% Slide? This Analyst Thinks So

Dogecoin has finally reached a very precarious moment. The former darling of the meme token world turned into a bearish trend, with recent charts unveiling a concerning decline.

Analysts made the observation that DOGE has dropped below a key resistance area that formerly acted as a crucial support level, a sign of more losses in store. Investors are now worried that in case it continues failing to find stability, it could drop another 38% to 40%. Other major support levels are at $0.055-0.0628; and breaking these could set the stage to steeper declines.

Dogecoin: Market Sentiment

Market sentiment now holds the key to the immediate fate of Dogecoin. Generally, it is not very optimistic at the moment. The change of status quo, that is, DOGE going back to a strong bearish reaction, would require the market to change significantly.

In the event that level of the market reaction is absent, then there may be a downward extension in DOGE price. However, if the coin tries to move upward, resistance would be spotted at $0.104 and $0.118. At the same time, the support accumulation zone is marked at $0.6243. Should DOGE succeed in having a bounce above these key levels, its short-term prospects remain uncertain.

On-Chain Data And Holder Behavior

However, on-chain data from IntoTheBlock was able to provide some insight into holder sentiment. The data showed that around 73% of the current holders of Dogecoin at current prices are in profit. In particular, 67% of these holders have kept their DOGE for more than a year, in other words, strong hands in the market. That, while the short-term perspective remains cautious, there is serious long-term holder confidence.

Long-Term Potential And Forecast

While the resistance continues at the moment, there seems to be a silver lining for DOGE’s long-term growth. For the next three months, CoinCheckup reports that DOGE is expected to increase by 114%. And all these potential highs can be supported by technical indicators: at the time of writing, both the Relative Strength Indicator (RSI) and the Moving Average Convergence Divergence (MACD) suggest an upward course.

With a position above key support levels and the overall crypto market remaining firm, this should translate to massive gains.

Six months down the line, the outlook looks bright – there can be growth of 61.58%. This is a medium-term peek into the projections for Dogecoin. Expected to be surging by 64.49% at the end of the year, indeed the demand for Dogecoin and compatibility with the progressive positive development taking shape within the cryptocurrency ecosystem will fuel growth.

The Road Ahead

In the short term, Dogecoin remains uncertain amid bearish trends and critical support levels. Nevertheless, the long-term perspective looks promising if market conditions should improve. Data that most of the long-term holders are currently in profits adds another layer of optimism. There is a required application of due care by investors in maintaining a balance between optimism and caution at the same time while keeping an eye on technical indicators and the general market direction.

Featured image from X/@adultswim, chart from TradingView

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Dogecoin Price Looking Stronger – ‘Expect Massive Gains’, Analyst Predicts

Currently at a turning point is Dogecoin (DOGE), the cryptocurrency that started as a joke but has lately attracted the interest of traders. Analysts and investors are keenly observing its price movements, if it can overcome a significant barrier. The $0.10 mark has emerged as an interesting number as some analysts think it will set in motion the meme coin to a fresh positive phase.

A recent examination by Crypto Daily Trades Signals indicates that Dogecoin has demonstrated amazing endurance, especially when it recovers from critical support levels. According to Crypto Daily Trades, DOGE is now looking stronger and emerging from key support levels. He said “$0.10 Is a key area for us now. Since the bottom DOGE is up about 15%.”

Popular crypto analysis tool Coincheckup, on the other hand, also emphasizes the significance of the $0.10 level and notes it as a possible starting point for further developments. Now the issue is if DOGE can maintain its speed and reach this threshold, therefore enabling notable price increase.

$0.10: The Critical Threshold

For Dogecoin, the $0.10 price point has become a critical threshold that both acts as a psychological barrier and a main gauge of future development capacity. Analysts at Coincheckup advise breaking over this level might cause a strong upward trend, maybe resulting in significant increases for DOGE investors. Market watchers’ identification of a triangular breakout pattern adds even more evidence for a positive surge’s probability.

Still, landing $0.10 will not be without difficulties. The market is still erratic, hence even if Dogecoin has shown tenacity, it has to overcome this opposition if it is to keep on its upward path. A good break over this key level might signal the start of a new growth phase, therefore strengthening Dogecoin’s place in the larger crypto scene.

At the time of writing, DOGE was trading at $0.09999, 0.8% in the last 24 hours, but sustained a 17.1% decline in the last seven days, data from Coingecko shows.

Investor Sentiment And Market Influence

The coin’s capacity to remain consistent in times of market downturns has given it a reputation as a “rugged” digital asset capable of withstanding volatility. This resiliency has inspired expectations that DOGE is headed for future expansion, particularly if it can keep up its present upward tendency.

The direction ahead for Dogecoin will be much influenced by market dynamics. The wider cryptocurrency market has been characterized by uncertainty; several digital assets show significant price movements.

Dogecoin has shown really good performance in spite of these factors, suggesting that it could be less influenced by more general market developments. DOGE is under intense observation by Coincheckup and other experts; many of them believe that a breakthrough over $0.10 would cause more purchasing demand and higher prices.

Long-Term Outlook And Growth Potential

Though growth is likely to drop to 64.81% over six months and 58.02% over the following year, a 109.84% rise in the next three months is projected. This implies that even if Dogecoin may keep increasing, it might run up against some obstacles at important psychological levels.

Investors should be advised of the possibility for consolidation when the price of Dogecoin approaches these benchmarks. Still, the general attitude is positive; DOGE is a cryptocurrency worth keeping careful attention in the next weeks.

Featured image from Pexels, chart from TradingView