These Altcoins are Surging Without Making Noise: Do You Own Any Among BNB or DOGE?
The post These Altcoins are Surging Without Making Noise: Do You Own Any Among BNB or DOGE? appeared first on Coinpedia Fintech News
Some of the altcoins are displaying magnificent strength, while the market participants have not been talking about them yet. While the prices appear to be at the foothills of an explosion, it would be interesting to watch whether the bullish streak could persist until the end of the month.
BinanceCoin (BNB) Price Analysis
BinanceCoin’s price has been soaring high ever since it broke above the consolidation zone below $250. This enabled the price to soar by over 380% to mark the new yearly highs above $635. Despite the pullback, which hindered the progress of the rally, the bulls have regained their dominance as the price makes it above $600.
After breaking out from the decisive triangle, the BNB price triggered a healthy upswing of over 100%. Now that the price appears to be stuck within another decisive triangle, it’s time to revive a similar breakout. Besides, the stochastic RSI has also rebounded from the lows, which indicates the price may maintain a healthy upswing and break above the triangle. With this, a rally towards $1000 may also materialize when markets turn extremely bullish after Bitcoin halving.
Dogecoin (DOGE) Price Analysis
The Dogecoin price, on the other hand, has been forming constant higher highs and lows in the higher time frame, suggesting the bulls have been holding remarkable dominance. Although the memecoin mania has taken a halt, the current trade set-up displays a huge possibility of the price triggering a fresh bullish upswing anytime in the next few hours.
The token had a huge demand in the previous month, as the memecoins had gained mainstream attention with the resurgence of Solana-based memecoins. The buzz appears to have settled, but the DOGE price remains under huge bullish influence. However, the price remains above the resistance-turned-to-support zone, and until it remains above the zone, the possibility of a bullish reversal could prevail.
However, the DMI is slowly converging, suggesting the Dogecoin price may experience extreme pressure which could result in a bullish breakout above $0.35 in the coming days.
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