A consolidation around $0.33 characterized Dogecoin’s price action over the past 24 hours. Notably, this stroll around the $0.32 mark allowed DOGE to hold above an important trendline that could make or break its trajectory.
Interestingly, DOGE is also exhibiting what looks like the formation of a peak bottom, according to recent technical analysis of Dogecoin price action. This observation comes from crypto analyst Trader Tardigrade, who shared an overview of Dogecoin’s price structure and a positive outlook for the king of meme coins, DOGE.
At the same time, IntelMarkets is attracting attention with its massive 230% rise. The AI platform soared to $0.82 in presale phase 9 with a staggering presale increase of $6.5 million. Experts are claiming a new rise for the coin.
DOGE News: Dogecoin Price Holds Above Support Trendline
In a recent analysis on social media platform X, Trader Tardigrade noted that Dogecoin price has maintained its position above a vital support trendline. This support trendline sits around $0.315 and has been a relevant area for Dogecoin price since mid-December 2024.
This support level appeared after DOGE briefly dipped below $0.27 on December 20 before rebounding higher. As Trader Tardigade pointed out, the structure that followed this breakup constituted what was a selling point for DOGE.
However, the peak of DOGE sales might not be the end of the correction. Instead, Dogecoin price could still be reaching a “sell peak,” which is a broader formation that sets the stage for a correction bottom in Dogecoin price. Currently, Dogecoin price is retesting the support trendline at $0.315 after a recent rise to $0.39.
This new test is seen as a crucial step in the broader pricing structure. According to Trader Tardigrade, price action represents a “secondary test” (ST), a technical measure that serves to confirm the validity of the selling climax. By holding above this level, Dogecoin strengthens its chances of moving from a correction to a prolonged recovery higher.
IntelMarkets (INTL) Ready for Another 230% Rally!
Intel Markets (INTL) is revolutionizing DeFi and trading by combining advanced AI with blockchain technology. Its AI-based trading robots analyze market data, execute trades in real time and adapt to market trends. These bots offer personalized insights, helping traders optimize their strategies for maximum profitability.
Yet one of the most notable features of IntelMarkets is its AI marketplace, which offers ready-made trading strategies and algorithms for multiple asset classes. This opens these tools to retail traders, bridging the gap between connecting to the exchange and accessing its underlying trading technology.
The Intelli-M Trading System is an additional layer of innovation in place that performs lightning-fast technical analysis on various markets. The fact that this levels the playing field and allows the trader to capitalize on profitable opportunities with the utmost precision and minimum effort is what makes this efficiency so important.
A top priority, the QuantumX wallet is equipped with quantum-proof protection to protect against future cybersecurity threats. Additionally, the $1 million Route X21 research initiative shows IntelMarkets’ commitment to being ahead of the challenges of quantum computing.
Intel Markets is gaining momentum with more than $6.5 million raised during its presale and a symbolic price of $0.082. Early investors are targeting returns above 330% when the token launches on Tier 1 exchanges, and experts estimate the market cap should be around $1 billion.
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Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full disclosure here.