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Dogecoin price prediction after 11% drop in a week

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  • Dogecoin currently quotes in a descending wedge, pointing to a break above $ 0.219.
  • A closure above USD 0.22378 could indicate a change of upward trend.
  • On-chain activity is increasing, promoting long-term bullish perspectives.

    • Dogecoin (Doge) has experienced notable turbulence during the last week, with the popular meme currency losing more than 11% of its value amid a broader market volatility.

    Although short -term losses have caused concern among retail traders, technical analysts and blockchain activity suggest that Doge may be positioning for a much greater movement.

    Doge Price Analysis

    In recent days, Dogecoin has fallen from a local maximum of $ 0.25 to around the mark of 0.2161 dollars, which reflects a strong setback after a sustained rebound earlier this month.

    Despite the apparent weakness, this descent has not invalidated the widest upward structure that analysts have been following in recent months.

    According to the four -hour graph, Doge currently trades within a defined descending wedge pattern, which is considered widely as a bullish formation when confirmed with a break.

    Highlighting this configuration, an X analyst has indicated that the Dogecoin price has compressed between a descending resistance near USD 0.219 and a support just above USD 0.212, forming an adjustment range.

    The analyst’s graph also points to the metric of Ichimoku Cloud that show the price floating within the equilibrium zone, which suggests that the current pause can precede a larger directional movement.

    The high confluence support zone between USD 0.212 and USD 0.214, reinforced by the Ichimoku Span B, has already caused intradic rebounds, hinting at a strong interest of buyers close to that level.

    Meanwhile, the resistance at the upper limit of the wedge coincides with the Kijun-sen (baseline) around USD 0.225, creating a well-defined roof that must be broken so that the bullish impulse resumes.

    Dogecoin price perspective

    If Dogecoin achieves a four -hour decisive closure above 0.219 dollars, Ali Martínez believes that the currency could quickly point to the previous offer zone between 0.24 and 0.26 dollars.

    However, a break below the USD 0.205 support level would probably open the door to more pronounced falls, which could visit the minimum of the April pivot near USD 0.185.

    From a medium -term perspective, Dogecoin’s weekly chart paints a more optimistic panorama, especially because the Token closed recently above the support band of the upward market.

    This band, defined by the simple 20 -week mobile average and a two -SIGMA envelope, has acted as an important barrier since the beginning of February, with the recent price action by making it provisional support.

    The Cantonese Cat has emphasized The importance of this rupture, arguing that a second consecutive weekly closure above USD 0.22378 would confirm a broader trend change.

    Despite the setback from USD 0.25, the midline of the Bollinger bands, which overlaps with the upward market support band, remains the main pivot point for sustained bullish monitoring.

    Adding more weight to this perspective, long -term graphic patterns suggest that Dogecoin has already completed a break over a descending resistance of several years in late 2023.

    According to the analyst Javon Marks, this structural change, marked by higher and higher minimums, confirms an upward reversal of the prolonged bearish market that began after its 2021 peak.

    Marks also noted that the recent correction found support in USD 0.16, establishing a higher minimum that reinforces the arguments in favor of a continuous upward trend.

    On the basis of these events, Marks has maintained an objective price of 0.6533 dollars, which represents a potential increase of 174% from the current levels.

    He also noted that Dogecoin could eventually visit its previous historical maximum of USD 0.74 and even extend the profits to USD 1.25 if the impulse is accumulated and improves the feeling of the market.

    Even so, there is another layer of resistance between USD 0.25 and USD 0.26, an area that has constantly limited the price of Dogecoin since December 2024, according to analyst Ali Martínez.

    The repeated failures in overcoming this level at the beginning of the year underline the importance of a confirmed movement over it so that any sustained upward movement strengthens.

    While the technical panorama remains mixed in the short term, Dogecoin on-chain data add another upward signal to the general perspectives.

    The Blockchain Intotheblock analysis platform reported an increase in user participation, with an increase in new addresses of more than 102% and active addresses of more than 111% in just one week.

    In addition, the zero balance addresses, often associated with an increase in billing and a new activity, increased by more than 155%, reflecting the renewed interest of both operators and occasional users.

    This resurgence of the network activity coincides with a broader rebound in the market and suggests that the recent fallcoin price drop may not reflect the weakening of the foundations.

    In the event that the price exceeds the resistance areas of USD 0.219 and USD 0.26, it could trigger the next great rebound towards the objective of USD 0.65 described by bullish analysts.

    But until then, both traders and long -term holders will be closely observing the key levels of support and resistance, waiting for the signal that confirms the next important Dogecoin movement.

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    The XRP price rises 10% in a week as long -term holders reduce sales

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    • The new XRP addresses reach a maximum of two weeks of 3,677.
    • The vitality metric falls to 0.81, indicating lower sales pressure.
    • The RSI in 60.10 indicates a strong purchase impulse

    XRP has registered an impressive 10% increase during the last week, quoting $ 2.32 at the time of writing this article.

    The increase is produced in the midst of a broader recovery of the market, as merchants return and long -term holders withdraw from sales.

    Fountain: Coinmarketcap

    Market data suggests that new tickets and the reduction of sales pressure are the key drivers behind the last XRP impulse.

    If current trends continue, Token could soon try higher price levels, although volatility risks persist.

    As the main cryptocurrencies stabilize, XRP’s relative strength could position it as one of the Altcoins to take into account in the coming weeks.

    The new XRP addresses reach a maximum of two weeks, promoting market activity

    Glassnode data They reveal that the number of new XRP addresses increased to a maximum of two weeks of 3,677 on April 28.

    This increase indicates a growing interest on the part of new participants, since the new capital tickets support the XRP price movement.

    An increase in newly created addresses often indicates a greater market activity, which can add more stability to the ascending trajectory of an asset.

    The growing number of new addresses suggests that XRP is attracting not only investors in existing cryptocurrencies but also new participants to the market, expanding its user base during this recovery phase.

    Along with this, the fall of the Livess Metriciness of XRP to 0.81, the lowest since December 1, indicates that long -term headlines (LTH) are refraining from transferring or selling their tokens.

    A decreasing vitality score generally reflects a greater conviction between holders, which suggests a more resistant XRP market structure today.

    XRP holders show confidence in the middle of lower sales pressure

    The behavior of the XRP LTH has played an important role in the action of the token price.

    The LTH, defined as addresses that contain XRP for more than 155 days, have significantly reduced their sales activity during the last week.

    This reduction in the sale pressure provides an environment conducive to price profits, reinforcing the uphill impulse of the asset.

    Historically, lower vitality levels have coincided with periods of greater price performance, since the lowest circulation of tokens is often in a lower supply pressure in the market.

    The recent fall to 0.81 underlines even more the growing confidence among investors that XRP could maintain their rebound.

    If this trend continues, XRP’s capacity to retain the interest of long -term investors could become a key factor that drives the future performance of prices.

    The XRP RSI rises to 60 and seeks resistance at $ 2.29

    Technical indicators also point to a positive feeling. XRP’s Relative Force Index (RSI) has risen to 60.10 in the daily chart, confirming the upward impulse.

    The RSI tracks the purchase and sale force, varying from 0 to 100. Normally, the readings greater than 70 indicate overcompra conditions, while the levels below 30 suggest that the asset is oversight.

    In 60.10, XRP remains in a strong purchase phase, although not yet in overcompra territory.

    If the purchase pressure persists and XRP exceeds its current resistance at $ 2.29, analysts suggest that it could rise to the $ 2.50 mark in the short term.

    The sustained interest of the new participants combined with the constant confidence of existing shareholders could play a fundamental role in maintaining the impulse.

    However, if sales activity resumes, XRP runs the risk of recovering recent profits, with a possible decrease towards the support level of $ 1.99.

    Merchants are closely monitoring these levels to evaluate the next significant movement.

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    FLARE (FLR) rises 57% in a week while technical indicators indicate overcompra

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    • The RSI is currently at 67.13, approaching over -opening levels.
    • The impressive oscillator became positive for the first time since January.
    • FLR exceeded the resistance at $ 0.016.

    FLARE (FLR) has emerged as one of the most performance cryptocurrencies in the Altcoin market this week, increasing 57% in the last seven days to reach a new local maximum of $ 0.018, quoting at $ 0.017 at the time of writing this article.

    Fountain: Coinmarketcap

    The movement marks a continuous bullish trend that began on April 9, with FLR registering new daily maximums every day since then.

    Key technical indicators such as the relative force index (RSI) and the Awesome oscillator (AO) now suggest that the strong purchase activity continues to exceed the sale pressure.

    However, with the levels of the RSI approaching the territory of overblain, analysts warn that a setback could be on the horizon if the profits intensifies.

    The RSI in 67 shows a strong purchase trend

    Flare’s relative force index is 67.13 at the time of writing this article, approaching the 70 key brand that normally indicates overcompra conditions.

    The RSI indicator tracks the impulse comparing the magnitude of recent profits and losses during a given period, on a scale of 0 to 100. A RSI greater than 70 usually suggests that an asset could be overcompared and corrected soon, while values ​​below 30 indicate otherwise.

    The RSI Alcista de Flr suggests that buyers dominate the market, reflecting a sustained interest in the asset. Although it has not yet exceeded the threshold of 70, its current value indicates that Flr is close to a possible turning point.

    If the current impulse continues, the RSI could soon confirm an overstrust signal, increasing the probability of a short -term price drop.

    Ao gives positive for the first time in two months

    Adding to the bullish feeling, Flare’s impressive oscillator became positive for the first time since January 26.

    The AO consists of histogram bars that measure the difference between a simple mobile average of 5 periods and one of 34 periods, which provides information on market trends and reversions.

    The bars recently exceeded the zero line and continued to grow in height, indicating an increase in the positive impulse of the market.

    When the AO bars exceed zero, it usually indicates an upward trend. In the case of FLR, the constant growth of these bars implies that an upward conviction in the market is being consolidated.

    This technical development supports the idea that FLR’s recent profits are not only short -term peaks, but part of a broader upward trend promoted by the improvement of the feeling of investors.

    The price exceeds the resistance of $ 0.016 and points to $ 0.021

    Flr’s recent rebound led him to exceed the resistance of $ 0.016, a price that had previously limited the upward movement. Staying above this level is considered a critical factor to determine if the rebound can extend.

    If $ 0.016 remains new support, analysts suggest that the Altcoin could rise even more to test the following key resistance at $ 0.021. However, the possibility of a short -term gains taking could question this upbeat.

    A renewed saleswoman wave could push FLR again below $ 0.016 and around $ 0.010, especially if the RSI crosses over overcompra territory and market participants seek to ensure profits.

    Technical signals support short -term profits

    In general, FLR technical indicators remain mostly positive. The combination of an upward MSI, a positive Crossing of AO and a break above the previous resistance levels points to a continuous alkist impulse in the short term.

    However, operators are recommended to closely monitor the RSI. A movement above 70 could indicate that a correction is coming, especially if the volume begins to fall or if the candle patterns suggest doubts among the buyers.

    At this stage, FLR’s ability to consolidate above $ 0.016 will probably determine the following phase of its price action.

    The Post Flare (FLR) rises 57% in a week while technical indicators indicate overcompra appeared first on coinjournal.

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    BTC and ETH fight while Cryptocurrency ETP outings reach the fifth consecutive week

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    • Bitcoin and Ethereum were negotiated at key levels in the middle of investment outputs in cryptocurrencies worth 1.7 billion dollars last week.
    • The negative flows have already spread to five consecutive weeks, with exits that last for 17 consecutive days.
    • BTC quoted just above $ 83K while ETH was around $ 1,900 at the time of writing this article.

    The prices of Bitcoin and Ethereum continue to fight in the middle of a widespread market fall. On Monday, March 17, 2025, both BTC and ETH quoted just positively, with $ 83,417 and $ 1,907.

    The two main digital assets for market capitalization rose 1.1% and 1.5%, respectively. The panorama reflects the cryptocurrency market in general, which has seen billions of lost dollars.

    The massive settlements that have affected cryptocurrencies since BTC became negative, with a collapse below $ 100,000 and after the $ 90,000.

    Digital assets register outings for fifth consecutive week

    According to the last report On the performance of investment products in digital assets, the bearish pressure persists as capital outputs increase. James Butterfill, head of investigation of the Coinshares cryptoactive manager, reported that the market registered its fifth consecutive week of capital departures last week. Investors withdrew more than 1.7 billion dollars of products quoted in the stock market (ETP) of cryptocurrencies and other investment products during the week that ended on March 14. In total, the negative flows extended to a total of 6,400 million dollars in five weeks.

    “This also marks the seventeenth consecutive day of exits, the longest negative streak since our records began in 2015,” said Butterfill.

    Despite the pessimistic panorama, capital tickets so far this year are maintained in positive land, with 912 million dollars. However, what analysts observe is the sustained correction of prices. For many, this probably undergoes investors’ confidence, which is low after concern for tariffs and generalized nervousness in risk assets markets. This negativity has already drastically reduced total assets under management by 48,000 million dollars, to 133,000 million.

    The first two for market capitalization lead the outputs

    Bitcoin’s weekly exits reached 978 million dollars, raising their total five -week total to the amazing $ 5.4 billion. Interestingly, investors have also been liquidating short positions in Bitcoin. Last week, a total of 3.6 million dollars in short positions in BTC came out of bags quoted in the stock market and other digital asset products. In a comment on the future of BTC and other assets, QCP Capital analysts They pointed out :

    BTC remains strong, but will macroeconomic difficulties be imposed? Are attentive to US retail sales data. They could mark the pattern for the next great movement.

    The trend has also been down for Ethereum, both in market price and in assets under management (AUM) of investment products. Last week, worried investors withdrew $ 175 million of ETH products, which coincides with a 7.7% drop in seven days. Ether’s price has fallen more than 30% in the last month. In addition to ETH, Solana registered notable exits of $ 2.2 million. However, XRP challenged the trend with $ 1.8 million tickets.

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