Dogecoin (DOGE) has experienced a dramatic surge of over 140% in the past week, fueled by a technical pattern known as a ‘golden cross.’ This pattern, where the 50-day moving average crosses above the 200-day moving average, has historically been a precursor to significant price rallies in Dogecoin, potentially mirroring its 7,000% surge in a previous cycle.
Dogwifhat (WIF/USD) surged 12% on Monday, fueled by bullish predictions from traders. While some are taking profits, others see a potential bull run ahead, with one trader even predicting a $25 price target. The recent listing on SolCex Exchange adds to the excitement surrounding the meme coin.
Dogecoin (DOGE) has surged 22% this week, sparking optimism among traders who believe a parabolic rally could be in store for November. Technical analysis suggests similarities to past bull runs, while on-chain data indicates increasing activity and potential for further growth. This news comes as experts and traders gather at Benzinga’s Future of Digital Assets event on November 19 to discuss the future of meme coins.
Bitcoin’s recent rally has fueled speculation about its future trajectory. Traders are predicting a strong close to the month, with some even betting on a new all-time high in 2024. Increased transaction volume and on-chain activity are adding to the bullish sentiment.
A seasoned crypto trader has unveiled his top ten meme coin picks for the upcoming bull run, excluding popular choices like Dogecoin and Shiba Inu. His list features lesser-known meme coins like Dogwifhat, Pepe, and Popcat, with the trader outlining his rationale and target valuations for each.
Prominent crypto trader Michaël van de Poppe forecasts a significant bull run in the cryptocurrency market following the Federal Reserve’s upcoming rate announcement, citing strong altcoin performance and improving market sentiment.
Cryptocurrency analyst Michaël van de Poppe believes a major Bitcoin crash isn’t imminent despite recent market corrections. He views the current situation as a normal correction within a broader bull run expected to continue until 2026. Van de Poppe emphasizes that Bitcoin’s performance against the U.S. dollar should be considered in the context of inflation and its historical performance against other assets like the S&P 500.
Veteran investor Mark Yusko predicts a major influx of institutional money into Bitcoin, potentially driving the next bull run. He expects financial advisors and wealth managers to pour billions into the cryptocurrency, pushing prices to six figures by early next year. Yusko remains optimistic despite regulatory challenges, highlighting Bitcoin’s decentralized nature and its potential to revolutionize global finance.
Bitcoin analyst Benjamin Cowen suggests that the current Bitcoin market may be mirroring patterns observed in 2019, raising concerns about an immediate bullish run. Cowen emphasizes the importance of analyzing market indicators, particularly during downtrends, and highlights the potential for a prolonged period of consolidation. He believes that the market may follow a similar pattern to 2019, characterized by a period of recovery before the indicator bottoms out. Despite the recent market volatility, Cowen remains cautious and advises investors to remain informed and make decisions based on comprehensive data analysis.
