October or the beginning of Q4 seems to be pretty good for the entire crypto space as most of the crypto assets are on the verge of testing their immediate resistance levels soon. As Bitcoin price successfully ranges above $55K and Ethereum price trades above $3600, the upcoming weekend could be much impressive. Following the bullish market sentiments, the dogecoin price and MATIC price are also preparing themselves for a monster rally.
Polygon (MATIC) Rally On The Foot Of A Huge Rally
MATIC after getting re-branded as Polygon received immense attention and appreciation from the crypto space. And moreover, the gigantic rally, killing a couple of zeros and achieving levels more than $2 appeared to be like icing on the cake. However, the asset lost the gained attention since the mid-may crash. As normal retail trading kept the voltality rate much lower than expected.
The asset since the past couple of days is attempting to get back on track in order to smash the initial target at $1.75. While doing so, the crypto is experiencing extreme pressure from the bears. And hence an inverse ‘head n shoulder’ pattern is formed which may result in the next leg up. Despite a small rejection along the neckline, yet the asset could retest soon and break above the barriers.
Dogecoin Price Look-Out For Another 1200% Gains
The popular meme coin, which gained immense trader attention and adoption in the first half of 2021, faded of let. However, the dogecoin price despite multiple sell-offs remained strong above $0.2 which kept the hopes of an uptrend alive. However, mirroring the previous rallies, one of the popular analysts believes the DOGE price could hit $3 by the end of 2021.
$DOGE doing what it does best.
The last two breakouts triggered gains of 1,000% or more.
The latest round of consolidation has lasted three times longer than the pattern that preceded the April breakout, which was good for 1,200%.
One to watch if $BTC behaves.#DOGE #dogecoin pic.twitter.com/6sSf0xORDa— Justin Bennett (@JustinBennettFX) October 8, 2021
The analyst, Justin Bennett, recorded the previous breakouts, one in Februvary and the other in mid-April. Both resulted in more than 1000% gain after a considerable consolidation. However, the current consolidation is 3 times more than the previous one’s. And hence, the analyst expects the upcoming bull rally may also be much bigger than the previous one.
The entire crypto space is currently switched on to the green mode and on the verge of a massive breakout. As predicted by many, after the bearish September, Q4 would record notable gains in the majority of the assets. And hence Dogecoin(DOGE) price may also follow the trend. Also, the Polygon netwrok is growing tremendously with more and more user adoption. Therefore, this may also fuel the MATIC rally to surge beyond the target levels.
Dogecoin & Shiba Inu Could Surge Heavily! Attention Traders, This Could Be Last Buying Zone
Dogecoin Price Eyes A 30% Upswing!
Dogecoin price since the beginning of the present trading month is maintaining a substantial uptrend. The popular meme coin is attempting hard to break the upper barrier yet facing equal competition from the bears. However, the indicators point out towards a healthy uptrend, but still, the possibility of a slight pullback is also possible.
After oscillating heavily in between the strong resistance and support levels, the price is finally attempting to clear them. The asset was trending within the ascending triangle for quite a long time and was expected to continue for a couple of days more. However, the DOGE price quickly regained bullish momentum and accumulated a little. Finally, attempted a couple of times to break the downtrend line.
The asset initially broke the symmetrical triangle with a notable jump where-in RSI flipped the bearish divergence. Finding its support at $0.23, the asset appears to be pretty poised to hit the important resistance levels in between $0.35 to $0.44.
Shiba INU Price Targets $0.00004300 Levels
The asset followed a magnificent rally with nearly 340% gains in just 4 days, forecasting the strength in the rally. However, after rallying like a monster, yet the Shiba Inu price appears to be pretty exhausted and is trending within the descending channel. No doubt the dump attempted the price to bring to its initial positions, yet the bulls sustained the price above $0.00002000.
Since the price smashed its monthly highs, it followed a trend within a parallel descending channel. A couple of attempts to hit the upper levels failed and currently, the price is experiencing a slight drain. And hence a drop to $0.00002584 is quite possible in a coming couple of days. Yet, a notable rebound could assist the price to hit the immediate resistance levels at $0.00003469. Further, the price could trend in the discovery phase, smashing the current ATH. However, SHIB price may go with its own phase undergoing multiple pumps and dumps.
Collectively, the popular meme coins are on the verge to showcase a magnificent rally ahead. Specifically, following the Shiba Inu(SHIB) price rally, the Dogecoin(DOGE) price which remained stagnant could follow soon.
DOGE Has Allowed Lots of People to Get into Bitcoin: David Gokhshtein
Crypto influencer and former politician David Gokhshtein believes that Dogecoin has done a lot to attract people to Bitcoin.
Chief executive of PAC Protocol, David Gokhshtein, has taken to Twitter to suggest that the most popular meme currency (and the one favored by Elon Musk), Dogecoin, has attracted a lot of people to the flagship crypto, BTC.
“DOGE has allowed a lot of people to get into Bitcoin”
Gokhshtein often mentions other cryptocurrencies in his tweets, aside from PAC Protocol. In the past, Ripple-affiliated XRP, along with Bitcoin was mentioned pretty frequently by him.
Now, the influencer and former Republican congressional candidate Gokhshtein is exploring meme cryptocurrencies, among other coins. In particular, he has been tweeting about Dogecoin and looking into Shiba Inu (SHIB).
Today, he tweeted about DOGE, stating that this currency that started as a BTC parody in 2013 has allowed a lot of people to enter Bitcoin. He cited multiple free data available on the Internet.
Mark Cuban defends DOGE against Bitcoin maxis
Over the weekend, as covered by U.Today, billionaire investor, Shark Tank cohost and owner of the Dallas Mavericks, Mark Cuban, debated with podcaster and Bitcoin maximalist Preston Pysh on Twitter regarding DOGE.
Prior to that, Cuban participated in a live audio conversation on Twitter Spaces. There, he repeated what he has been saying quite often recently: DOGE is “a great introduction into the crypto space,” a cheap way of learning about crypto.
Still, Cuban admired Bitcoin as well, but he believes it to be a great store of value. He doubts that BTC can succeed as a unit of payment, unlike Dogecoin.
Here’s how much DOGE Cuban holds
Despite being a big fan of Dogecoin, the billionaire only owns about $1,500 worth of this meme coin. He bought some more recently “just for fun,” in his words.
He recently stated that a lot of people are using DOGE to buy tickets and merchandise from the Mavericks online shop. According to him, every month, people spend thousands of dollars in DOGE buying stuff from the Mavericks.
As soon as the gaming season starts, he expects the amount of DOGE spent to increase substantially.
Elon Musk pushes DOGE up 13%
On Monday, Oct. 18, the most popular meme crypto, Dogecoin, went up almost 13% after Elon Musk supported DOGE co-founder Billy Markus’s tweet, where he urges the community to “keep DOGE absurd.”
Besides, the Tesla CEO tweeted a “drawing” of an animal that looked pretty much like a Shiba Inu dog. Both SHIB and DOGE went up after that.
DOGE Over 12% Up, Trading at $0.26
Elon Musk-favored meme crypto Dogecoin has risen more than 12 percent
The ninth largest cryptocurrency, DOGE, a favorite of the richest person on the planet, Elon Musk, has shown a rise by over 12 percent, trading at $0.2676, as per the data provided by CoinMarketCap.
Earlier today, Elon Musk supported the tweet of a Dogecoin co-founder Billy Markus, who mocked all the DOGE-hating part of the crypto community and urging the devs to “keep Dogecoin absurd”.
The centibillionaire also posted a tweet with a “drawing” of what the community believed to be a Shiba Inu dog going to the moon.
On Saturday, a popular crypto YouTube counted that Elon Musk’s net worth in DOGE now totals 861 billion and the Tesla CEO replied he hoped that would be enough to extend human life to Mars.