Dogecoin

Solana

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/btc-attempts-to-fuel-market-appetite" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC Attempts to Fuel Market Appetite</a><br></p>
<p style="text-align: justify">Sales for altcoins are currently stagnant, with Bitcoin (BTC) attempting to boost market interest despite weak price movements at $62,000. A recent ETF <a href="https://newslinker.co/category/mobile/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">application</a> for <a href="https://en.bitcoinhaber.net/analyst-bluntz-predicts-solanas-upcoming-rise-outperforming-bitcoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (SOL) Coin, if supported by other issuers, might trigger a new wave of altcoin surges. The anticipation for tomorrow’s PCE data and the impact of BTCs from Germany, the USA, and MTGOX have restricted SOL Coin’s price growth.</p>
<h2 id="dogecoin-doge-performance">Dogecoin (DOGE) Performance</h2>
<p style="text-align: justify">BTC is trading around $61,700 with a support level at $61,500. A potential rise to $72,000 could lead to higher percentage increases for altcoins. Dogecoin (DOGE) is currently in a rising formation and is poised for a breakout. However, it remains uncertain if DOGE can achieve this due to current investor behaviors.</p>
<h2 id="what-influences-doge-price-movements">What Influences DOGE Price Movements?</h2>
<p style="text-align: justify">On the daily chart, DOGE might experience further declines driven by investor behavior. The influx of supply from medium and long-term investors to short-term holders has been disheartening. Over the past month, the DOGE supply held by <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">short-term investors</a> increased by 2 billion, raising the total from 10.5 billion to 13.4 billion. These short-term holders are more likely to sell easily, posing a risk for short-term price movements.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<ul>
 <li>BTC’s price movement around $61,700 could influence altcoin performance.</li>
 <li>The interest of short-term investors might affect DOGE’s potential breakout.</li>
 <li>The upcoming PCE data and external BTC supply could impact market dynamics.</li>
</ul>
<p style="text-align: justify">In conclusion, DOGE is trading within a descending wedge, with buyers at $0.124. This pattern typically breaks upwards, indicating a potential rise if DOGE surpasses the $0.128 resistance. A successful breakout could push DOGE to $0.3, but short-term investor interest weakens this likelihood, possibly leading to a drop to $0.116 or even $0.105 if support is lost.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/btc-attempts-to-fuel-market-appetite" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC Attempts to Fuel Market Appetite</a></h5>

BTC Attempts to Fuel Market Appetite

Table of Contents

BH NEWS

Other articles published on Jun 27, 2024

Blast Airdrop - Claim Free Airdrops Instantly

Why Solana Could Hit $2000: SOL Price Prediction

Uncle Sam’s Bitcoin Stash: A Blessing or a Curse for Crypto?

From Negative to Advocate: The Evolution of Anthony Scaramucci’s Bitcoin Perspective

Ripple Will Unlock 1 Billion XRP in July! The Crypto is at Risk of Collapsing!

Breaking: Whales Acquire Over 7,000 Bitcoin in One Day—Is a Price Surge on the Horizon?

Join our free newsletter for daily crypto updates!