Crypto Analyst Predicts Dogecoin Could Drop 30% in Worst-Case Scenario

According to a popular crypto analyst, Dogecoin (DOGE) may experience a significant downward movement after its strong performance last month. The analyst, known as Rekt Capital, believes that DOGE appears bearish after failing to break through the resistance of a falling wedge pattern. In the worst-case scenario, DOGE could drop to the diagonal support of the pattern at around $0.055. Rekt Capital also shares insights on Bitcoin, Ethereum, and TomoChain, stating that BTC is still bullish, ETH needs to stay above $1,863 to rally above $2,000, and TOMO may be poised for a correction after closing below its high timeframe resistance at $1.60.

Dogecoin Bitcoin Ethereum

Original Link

Comments

All Comments

Recommended for you

Cointime精选 ·

The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.

Title: Electronic Cash Without a Trusted Third Party
Cointime精选 ·

Crypto Investment Among Asian Private Wealth Managers Rises To 76%

According to a report by Aspen Digital, crypto assets are becoming increasingly popular among Asian private wealth managers, as 76% said they are investing in cryptocurrencies.
Cointime精选 ·

Elizabeth Warren Proves Democrats Are Still Against Bitcoin

The Bitcoin industry could be in for yet another four years of harassment and attacks if Kamala Harris is elected president.
Cointime精选 ·

Are we finally ready for a gas limit increase?

There has been growing discussion around the possibility of increasing Ethereum’s gas throughput, either by raising the gas limit or reducing slot time. The key argument in favor of this is that the hardware requirements for running a validator have steadily decreased over the past four years.
Cointime精选 ·

Trump Is Winning And We’re Closer Than Ever to Freeing Ross: NIKOLAUS

According to the world's largest prediction market, Polymarket, the pro-Bitcoin candidate for the upcoming presidential election, Donald Trump has taken a 13% lead over Kamala Harris.
Cointime August 17th News Express

1.VanEck and 21Shares Solana ETF Form 19b-4 Suspected to be Removed from CBOE Website
Cointime August 11st News Express

1.Fed Governor Bowman: Be cautious about rate cuts
Cointime August 4 News Express

1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
Cointime精选 ·

2,200 letters of support for ‘Bitcoin Strategic Reserve’ bill sent to US senators

Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.