Bitcoin’s precipitous drop to approximately $70,000 has ignited a fierce debate among prominent crypto analysts, centering on whether the price has found a historic floor or is poised for a steeper fall. The divergence in expert opinion hinges on conflicting interpretations of technical patterns, with some pointing to a multi-year trendline that has signaled major buying opportunities in the past, while others warn of patterns indicative of sustained institutional selling and deeper bear-market scenarios.
about Bitcoin Hits 15-Year Trendline: Analysts Debate $70K BottomCoinvo
1 posts last weekSUI Cryptocurrency Tests Key $3.00 Level Amid Rally Hopes
SUI has recently fallen below the $3.00 mark, hitting a two-month low of $2.68 before recovering. Analysts suggest the altcoin is forming a falling wedge pattern, targeting a potential breakout toward $5.00-$5.50. Key support at $2.80 is being retested, with a hold potentially leading to a reclaim of $3.00 and higher range highs. Conversely, a drop could see SUI revisit the $2.33 support level. The cryptocurrency’s consolidation pattern resembles its late 2024 behavior before its all-time high breakout, but recent weekly closes have been less consistent. SUI is currently trading at $2.79, down 3.3% on the day.
about SUI Cryptocurrency Tests Key $3.00 Level Amid Rally HopesSolana Price Faces Pressure as Investor Fear and Market Uncertainty Grow
Solana (SOL) has experienced significant price declines, dropping 17.11% over the past week and 41.64% in the last month, now trading at $140.05. Investor sentiment has shifted to fear, with many selling off as Bitcoin’s price also fell sharply, leading to extreme bearishness across the market. Key support levels between $120 and $140 may determine whether SOL can stabilize and rebound or face further declines.
about Solana Price Faces Pressure as Investor Fear and Market Uncertainty GrowDogecoin Analysts Predict Major Rally Targeting Three Dollars and Eighty Cents
Analyst Trader Tardigrade predicts a significant rally for Dogecoin, targeting a price surge to $3.80, reflecting historical performance patterns. With social dominance reaching a multi-month high of 4.45%, the meme coin is gaining traction, potentially leading to a broader altcoin market rally. Currently trading at $0.335, Dogecoin needs to maintain $0.33 for further upward movement.
about Dogecoin Analysts Predict Major Rally Targeting Three Dollars and Eighty CentsDogecoin Forms Ascending Triangle Indicating Potential Price Rally Ahead
Dogecoin (DOGE) is potentially forming a bullish Ascending Triangle pattern on its 4-hour chart, indicating a possible price breakout. Currently trading at $0.33, a successful breach of the $0.334 resistance could propel DOGE towards $0.355-$0.360, while a rejection may lead to a retest of the trendline. Despite a recent 6% decline, analysts suggest a new all-time high above $0.6 could be on the horizon, reflecting a similar trajectory to the 2021 bull run.
about Dogecoin Forms Ascending Triangle Indicating Potential Price Rally AheadDTX Exchange Surges 700 Percent Amidst Market Volatility for ETH and XRP
DTX Exchange (DTX) is gaining traction in the online trading space, boasting a 700% surge and a fair launch model that levels the playing field for investors. With a smaller market cap than Ethereum (ETH) and Ripple (XRP), experts predict a potential 3x price increase for DTX this year. The platform has onboarded over 300K users and offers access to 120K asset classes, making it an attractive option amid recent price dips for major cryptocurrencies.
about DTX Exchange Surges 700 Percent Amidst Market Volatility for ETH and XRP