Dogecoin (DOGE)
Key Altcoin Breakouts of the Week
This week signified a significant achievement in the history of cryptocurrency. Bitcoin price reached a new all-time high $93,434.36 on November 13, boosting the global crypto market value to $3.11 trillion, exceeding the GDP of Italy, Canada, and Brazil. The excitement spread to other cryptocurrencies besides Bitcoin, as U.S. Bitcoin ETFs experienced record-breaking $5 billion in trading volume, with BlackRock’s ETF accounting for $3 billion of that total. During this period of strong positive momentum, some altcoins showcased impressive results, indicating they could significantly impact the market. This article focuses on Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), Sui (SUI), and a newcomer, Minotaurus (MTAUR). They are attracting the market’s interest as best cryptos to buy in this bull run.
Altcoins Surging in the Bull Run
1. Dogecoin (DOGE): Meme King Roars at the Bull Run
Dogecoin reclaimed its spotlight with an explosive 90% surge this week. The rally propelled DOGE price to $0.44 before correcting slightly to $0.3747 , with resistance currently set at $0.4. If buyers maintain their momentum, the next targets are $0.5 and potentially the all-time high of $0.74.
DOGE’s resurgence underscores the enduring appeal of meme coins, particularly as market participants shift their focus toward this category during the bull run.
2. Cardano (ADA): Steady Climb Towards $1
Cardano continued its November rally, closing the week with a robust 74.26% increase. ADA has been trading just shy of the $0.6 resistance, but seems to have challenged this level. The breakout has paved way for $0.7677, a value last seen in eight months ago.
Though trading volume has slightly tapered off, ADA’s bullish sentiment remains intact. The cryptocurrency’s long-term potential is underlined by its all-time high of $3.10, positioning it as one of the potential altcoins to buy in this bull run.
3. Minotaurus (MTAUR): The Rising Star of Blockchain Gaming
Moving on, Minotaurus (MTAUR) is turning heads with its innovative approach to blockchain gaming. Having surpassed the 100,000 USDT presale milestone, MTAUR is priced at 0.00005982 USDT—offering a 70% markdown from its expected listing price of 0.00020 USDT. Early participants have already seen significant growth, and with its in-game utility, the token stands out among other gaming tokens
MTAUR powers key game features, including avatar customization, special zones, and power-ups. Designed for sustainability, the project incorporates a robust tokenomics structure featuring a cliff and vesting system. Its appeal lies in its simplicity and strategic gameplay, capturing attention in the $15 billion casual gaming market.
The token’s smart contract audits by SolidProof and Coinsult provide additional confidence, while community-centric incentives like referral programs bolster engagement. With its presale momentum and a growing fanbase, Minotaurus is one to keep on your radar this bull run.
4. Sui (SUI): Breaking Records
Sui entered uncharted territory this week, surging 69.03% to hit an all-time high of $3.91. This breakout propelled SUI into price discovery mode, a rare and bullish event.
Buyers are eyeing targets of $4.1 and $5.2 for SUI rice. Support remains robust around $3, ensuring a strong base for future rallies. As one of the few altcoins to set new records this cycle, SUI has cemented itself as a standout performer.
5. Ripple (XRP): Testing the $1 Waters
Ripple is not left out of the bull run, as it has had an extremely impressive trajectory this week. XRP price is having crossed the $1 mark, with a 89.4% surge. After surpassing important resistance points, the currency is currently stabilizing around $1.05.
The Ripple token has overcome the $1 milestone challenge it last reached in 2021. This successful breach may lead to reaching even higher levels, potentially returning to the $2 range. Amid increasing positivity and acceleration, XRP remains a symbol of resilience in the current bullish market.
6. Shiba Inu (SHIB): Momentum Builds for the Dogecoin Rival
Shiba Inu imitated DOGE’s positive trend and achieved a 29% increase in value over the course of one week. SHIB is currently stabilizing around $0.000025 following a quick increase, with a floor at about $0.000025.. If the resistance is breached, the subsequent goals are $0.000030 and $0.000045, levels similar to those seen eight months ago.
An impressive rise in trading activity reinforces SHIB’s positive outlook, positioning it as one of the most popular meme coins to buy.
Final Thoughts: A Bull Run for the Ages
The cryptocurrency market is driven by Bitcoin’s impressive growth and a surge of altcoin successes. Ripple, Cardano, Dogecoin, Shiba Inu, Sui, and Minotaurus showcase the variety and potential available in the current market phase. With the global market cap reaching record levels and increased institutional interest, altcoins are in the spotlight. These tokens are leading the way towards a potentially bull run year in cryptocurrency. You may want to see top crypto performers of the week.
Frequently Asked Questions (FAQs)
The recent surge in Bitcoin’s price, reaching an all-time high, has fueled optimism in the broader crypto market, leading to impressive breakouts in altcoins like Ripple, Cardano, and Dogecoin.
Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), and SUI have all experienced significant price movements, with Ripple nearing $1 and Dogecoin up by 90% in the past week.
Minotaurus is a new blockchain game token with strong fundamentals and exciting in-game utility. Its presale has seen a 70% reduction from its listing price, attracting growing interest from the crypto community.
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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The ongoing Dogecoin price crash that has seen it plunge by over 67% from its highest point in November last year could be about to end, a top crypto trader said. The trader noted that DOGE had formed a rare chart pattern that often leads to substantial gains over time.
Crypto Trader Hints at an Impending Dogecoin Price Rally
DOGE price remains in a strong downtrend, mirroring the performance of most altcoins that have dropped by double digits this year.
However, an anonymous trader known as Cobbers has predicted that the coin was about to be “set free” and surge. He cited a rare chart pattern that has formed on the daily chart that may trigger this surge.
The pattern he pointed to is known as the falling wedge. This pattern comprises of two down-trending and converging trendlines. In DOGE’s case, the upper line connects the higher lows since December last year. The lower lines links the lower lows since November.
These two lines are about to converge, which is when a bullish breakout typically happens. In this case, a bullish breakout would have the Dogecoin price jump to the key resistance level at $0.2350.
This target is the 61.8% Fibonacci Retracement level. It is also achieved by measuring the distance of the widest part of the wedge, and then measuring the same distance from the breakout point.
As shown below, Cobbers believes that the coin has room to jump to its highest point in 2024, which would imply a 210% surge from the current level.
DOGE Price Forms a Double-Bottom
Dogecoin price has also formed another rare chart pattern that could signal more gains ahead. It has formed a double-bottom pattern on the eight-hour chart. This part has two down peaks and a neckline, and it often leads to a rebound.
In this case, the lower side of the double bottom was at $0.1435, while the neckline is at $0.2070, its highest level on March 26. In most cases, this pattern often leads to more upside as it signals a bottom. It also shows that short sellers are unwilling to place trades below that level.
The bullish view is supported by the fact that oscillators like the Relative Strength Index (RSI) and Percentage Price Oscillator (PPO) have all pointed upwards.
Potential Drivers For DOGE Surge
The value of DOGE has numerous drivers that may push its price higher in the longer term. One of these catalysts is that 21Shares applied for a spot DOGE ETF, joining firms like Bitwise and Grayscale. Odds of that approval are high because it is a proof-of-work cryptocurrency that the SEC does not consider a security.
Also, Dogecoin could benefit if Bitcoin price recovers and surges to $200k as some analysts predict. History shows that BTC and DOGE have some correlation.
Further, Dogecoin price would surge if the Federal Reserve cuts interest rates as analysts predict because of the ongoing trade war.
The post “DOGE to be Set Free!” – Dogecoin Price to Soar as Top Trader Spots Rare Pattern appeared first on CoinGape.
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Asset manager 21Shares has filed with the US Securities and Exchange Commission (SEC) to offer a Dogecoin ETF. This development comes just as the Dogecoin price rebounds following a wave of sell-offs which saw it drop to as low as $0.14.
21Shares Files For Dogecoin ETF With US SEC
21Shares has filed the S-1 form for its Dogecoin ETF with the US SEC. The asset manager becomes the third to file for a DOGE ETF, joining Grayscale and Bitwise. The next step is for the asset manager, through an exchange, to file the 19b-4 form for this fund, which will officially kickstart the process towards a potential approval from the Commission.
Interestingly, this filing comes on the same day 21Shares launched its Dogecoin ETP on the SIX Swiss Exchange through its partnership with the House of Doge. These two will collaborate again if the SEC approves this ETF, as the asset manager revealed in the prospectus that the House of Doge, the corporate arm of the Dogecoin Foundation, will help in marketing the fund.
Meanwhile, the top crypto exchange, Coinbase, will be the Trust’s custodian. The ETF will hold Dogecoin and provide institutional investors an avenue to gain exposure to the top meme coin.
This undoubtedly provides a bullish outlook for the Dogecoin price, as this move could boost the meme coin’s adoption and further drive inflows into its ecosystem.
DOGE Forms Bullish Divergence
Amid 21Shares’ Dogecoin ETF filing, crypto analyst Kevin Capital has revealed that a daily bullish divergence on DOGE’s chart is starting to play out. He remarked that this development is obviously mostly due to the macro news, but nonetheless, the charts were already hinting at this possibility.
This macro news is Donald Trump’s decision to halt reciprocal tariffs for 90 days. Dogecoin and the broader crypto market rebounded on the back of this news.
However, it remains to be seen if this would be a bullish reversal or a bear trap. As CoinGape reported, crypto analyst Master Kebobi stated that the bottom is in for the top meme coin and predicts that the Dogecoin price would rally to the much-anticipated $1 level in the coming months.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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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Bitcoin price tumbled towards the $82,000 mark on Sunday, March 30. IntoTheBlock data shows DOGE, Chainlink, and AVAX exhibited high correlation to BTC price action in the last 30 days. Could these tokens be among the top cryptocurrencies to sell if BTC plunges below the $80,000 mark?
Bitcoin Price Tumbles Below $82,000 as Trump’s SEC Chair Nominee Faces Scrutiny
Bitcoin (BTC) market sell-off continued on Saturday, as it closed the week with three consecutive days in losses.
After a positive start to the week, Trump’s tariffs and controversy surrounding the approval of SEC-chair nominee Paul Atkins sent bearish tailwinds across Bitcoin markets over the last three days.
Last Thursday, members of the US Congress raised issues related to “conflict of interests” as Paul Atkins’ confirmation hearing began.
Concerns that a less crypto-friendly SEC chair could replace Atkins further accelerating sell-offs across the global cryptocurrency markets, as evidenced by the Bitcoin price 5.7% decline observed since Friday.
As seen above, BTC price plunged as low as $81,645 on Saturday, before bulls battled back to reclaim the $82,500 level at press time.
However, rising trading volume bars accompanying the downward price action over the last three days suggest bulls will require a strong catalyst to generate sufficient momentum for a major rebound.
Chainlink, DOGE, and Avalanche at Risk – Cryptocurrencies to Sell if BTC Drops Below $80,000
Bitcoin price plunged 5.73% lower than the weekly $87,500 local top recorded on Friday. As prices dropped toward $81,200 on Saturday, bulls stepped in to avert cascading leverage liquidations looming at the $80,000 psychological support level.
However, BTC traders were not the only ones relieved to see prices back above $82,500. According to on-chain data culled from IntoTheBlock, DOGE, Chainlink, and AVAX exhibited high correlation to BTC price action in the last 30 days.
This shows that these assets have often moved in the same direction as BTC.
The correlation matrix highlights a strong relationship between Bitcoin (BTC) and Chainlink (LINK), Dogecoin (DOGE), and Avalanche (AVAX) over the past 30 days. Specifically, LINK (0.93), DOGE (0.80), and AVAX (0.79) exhibit high positive correlations with BTC, meaning their price movements largely mirror Bitcoin’s trajectory.
If BTC plunges below $80,000, these altcoins could experience intensified sell-offs as traders attempt to hedge against further losses. Given their historically high correlation, a sustained BTC price downtrend could drag these cryptocurrencies to sell significantly lower, triggering margin calls and forced liquidations in leveraged positions.
Strategic traders may consider reducing exposure to these assets or implementing stop-loss orders if BTC continues struggling for traction.
If Bitcoin fails to reclaim key resistance levels, a broader market downturn could push these correlated altcoins into deeper losses, reinforcing a bearish outlook. For traders looking to manage risk, these could be among the top cryptocurrencies to sell in a volatile market.
Frequently Asked Questions (FAQs)
Bitcoin’s price is declining due to market sell-offs, rising liquidation risks, and uncertainty surrounding Trump’s SEC chair nominee, Paul Atkins.
These altcoins have a high correlation with Bitcoin, meaning they often move in the same direction, making them vulnerable when BTC tumbles
A break below $80,000 could trigger further sell-offs in correlated altcoins, leading to margin calls and increased liquidation risks.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
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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