Bullish signaal voorspelt 34% pump voor Dogecoin koers
The price of Dogecoin, along with the rest of the cryptocurrency market, has gone through a turbulent period. Partly due to disappointing economic news over the past three weeks, prices have been trading around €0.30. Fortunately, the tide seems to be slowly turning. Yesterday, more good economic news came out of the United States. Meanwhile, traders also appear to be spotting bullish signals through technical analysis.
macroeconomic factors
Macroeconomic factors have had a negative impact on Dogecoin prices in recent weeks. The U.S. Federal Reserve’s lack of expectations for rate cuts is one reason for this. In addition, a report released last week showed that the current U.S. job market also appears to be a little too strong. All of this will increase inflation, which in turn is bad for the cryptocurrency market.
So yesterday was an exciting day. However, when the core price index (CPI) data was released, the picture was more favorable than expected. CPI is the statistic used to measure inflation in the United States. Analysts had expected the figure to be 3% from last year. However, the result was 2.9%. While the difference is small, it is significant from an economic perspective.
The brief bounce we saw yesterday from €0.34 to €0.37 was a direct result of this. If inflation continues to fall in the coming months, rate cuts will soon follow. This is very positive for the cryptocurrency market and Dogecoin price.
Technical analysis of Dogecoin price
In addition to favorable macroeconomic factors, traders are currently spotting promising technical signals. Cryptocurrency analyst “CobraVanguard” published his analysis on the 4-hour time frame on TradingView yesterday. As shown below, it involves an ascending triangle and a cup-and-handle pattern. Both signals are known in the world of technical analysis as strong bullish signals.
In addition, if the price tests the lower limit of the rise multiple times but has not yet broken through, it is bullish.
The analyst’s expectation is that Dogecoin will fully complete the cup-and-handle pattern. Thereafter, Dogecoin price may break above the €0.40 price level and rise to €0.47
Which coins are breaking out?
The fact that U.S. inflation is slowly falling back to the 2% target is extremely optimistic. The next question that traders naturally have is how they can benefit from it. The expected increase in Dogecoin price in the near future is small compared to what is likely to happen in the crypto world.
To find the most promising cryptocurrencies, it is recommended to pay close attention to the world of cryptocurrency pre-sales. Here you can find the latest coins that are not yet available on decentralized exchanges. This means that if you act quickly and choose the right coins, returns can be as high as hundreds or thousands of percent. Here are the three most popular models currently on pre-sale!
wall street pepe
One of the first coins we should discuss is wall street pepe. Also known as “$WEPE,” the coin broke all records. Pre-sales have raised nearly 50 million euros! But why as a trader should you invest in this coin? Because at $WEPE, they work hard to make you rich!
The developers of this coin hate crypto whales and insiders who usually run off with their cryptocurrency loot. That’s why they came up with a way for small traders to benefit from their work. As an early adapter of $WEPE you have access to secret communities.
In this community, developers will tell you when to buy $WEPE. They then market the token to outsiders and the price rises as crypto whales and insiders buy. That’s the moment when you sell your tokens for profit, while big traders lose more and more money! So if you want to be part of this crafty group, the pre-sale is your chance!
Pepe’s soul
In the past year, the changes brought about by artificial intelligence have been huge. However, the application of artificial intelligence in the crypto world has not yet changed people’s lives as much as people hoped. bring happiness Pepe’s soul This is changing! This AI bot is omniscient, meaning it is always aware of the latest trends in the crypto world.
How does $MIND know what’s going on in the crypto world? Because the AI bot has access to its own X account and talks to cryptocurrency influencers and traders 24/7. Based on these insights, the bot is able to spot cryptocurrency trends before human traders do. This way you can be the first to see the latest trends and react quickly, making a lot of money.
But that’s not all, this advanced AI bot is also able to develop coins that respond to the trends it spots. As a $MIND trader, you will be the first to invest in these new coins. Then, when slower traders spot the trend you’ve been following for a long time, you sell your tokens again! With this AI bot, you can be a market researcher and cryptocurrency developer in one.
meme index
Did you know that meme coins were the fastest growing coin last year? At the beginning of 2024, the market value of the meme currency market was 18 billion euros. One year later, the market size had grown to 115 billion euros! This means that as a trader, you are likely to make a lot of money in this area this year.
But how do you know which meme coins you should invest in? After all, often only a few coins perform well. bee meme index They understand the problem and think it would be smarter if you didn’t have to choose at all! Instead, they developed indices that allow you to invest in a basket of meme coins in one go.
When you buy $MEMEX, you choose from one of four indices. For example, Titan, an index containing $PEPE, $SHIB, and $DOGE. If these tokens perform well, your investment will perform well too. However, if the token underperforms, your investment risk is well diversified. This way you can take advantage of the growth of the memecoin market without losing any sleep!
