Dogecoin

bullish

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 <li>Solana's price is nearing $185, indicating potential for a bullish breakout after strong consolidation above $120.</li>   
 <li>SUI's recent breakout to $2.30 suggests momentum, with price action indicating it could reach new all-time highs soon.</li>   
 <li>The triangle pattern of Dogecoin indicates constant higher lows; a breakout over $0.17 could draw in new investors.</li> 
</ul>   
<p>Bitcoin (BTC) is trading at <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener">$70,000</a> and above. Key developments across these assets are highlighted by Raoul Pal. Every cryptocurrency has distinct tendencies that could indicate future breakthroughs. These price movements and patterns have led to a cautiously bullish outlook in the market.</p>   
<h2 class="wp-block-heading" id="h-solana-s-resistance-test">Solana's Resistance Test</h2>   
<p>Solana has seen remarkable price action since September 2023. The SOL/USD chart indicates a rise from around $20 to approximately $120 by early 2024. Since March 2024, SOL has established a trading range between $120 and $180. The price currently stands at $181.32, reflecting a 1.83% increase. This level is crucial as it nears the upper range boundary.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/RaoulGMI/status/1851228249688305791 
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<p>Additionally, a descending trendline formed since March 2024 intersects with the current price levels. This consolidation lasted over seven months, with the <a href="https://cryptonewsland.com/ftx-token-ftt-surges-80-targets-111-gain-amid-bullish-momentum/" target="_blank" rel="noreferrer noopener sponsored nofollow">price maintaining higher lows </a>above the $120 support. Consequently, strong buying interest is evident in this zone, supporting the potential for a breakout. If SOL successfully breaks above $185, it may confirm the bullish trend.</p>   
<h2 class="wp-block-heading" id="h-sui-s-breakout-potential">SUI's Breakout Potential</h2>   
<p>SUI is also generating buzz among investors. Starting at $0.60 in August, <a href="https://cryptonewsland.com/bnb-concludes-wyckoff-pattern-analyst-anticipates-pullback/" target="_blank" rel="noreferrer noopener sponsored nofollow">SUI entered a consolidation phase</a> near $0.90. A breakout occurred in mid-September, moving the price to $2.30. Currently, SUI trades at $1.97, marking an 11.64% increase.</p>   
<p>The price action reveals two distinct parallel channels. The first channel confined prices between $0.80 and $1.00 during August. Meanwhile, the second channel, established in October, ranges between $1.80 and $2.30. The recent price action indicates that SUI remains within the upper channel boundaries. Hence, a sustained move beyond this level could lead to new all-time highs.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/RaoulGMI/status/1851228253349966279 
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<h2 class="wp-block-heading" id="h-dogecoin-s-triangle-formation">Dogecoin's Triangle Formation</h2>   
<p>Attention has also been drawn to Dogecoin's <a href="https://x.com/RaoulGMI/status/1851228256252330100" target="_blank" rel="noreferrer noopener">price movement</a>. Early in 2021, DOGE experienced a sharp increase before forming a sizable triangular pattern. The upper trendline of this pattern lies between $0.01 and $0.74. DOGE is currently up 15.54% from the previous session, trading at $0.1665.</p>   
<p>Furthermore, DOGE has tested both the upper and lower triangle boundaries consistently. The price maintained higher lows since 2022, indicating bullish sentiment. As DOGE approaches the upper boundary near $0.17, a breakout could signify renewed interest from investors.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-hits-70k-as-solana-sui-and-doge-signal-bullish-potential/">Bitcoin Hits $70K as Solana, SUI, and DOGE Signal Bullish Potential</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin Hits $70K as Solana, SUI, and DOGE Signal Bullish Potential

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