Dogecoin has broken out of a multimonth symmetrical triangle, with a 40% weekly gain and tripled trading volumes, signaling strong bullish momentum. The breakout target is around $0.60, representing a potential 95% increase, supported by technical patterns and on-chain metrics suggesting further growth in the coming weeks. However, support levels at $0.227 and $0.215 are crucial to maintain the bullish setup, and current market conditions indicate room for additional gains.
Solana (SOL) enters September with a strong historical track record of positive returns and bullish momentum, supported by institutional investments and high trading volumes. The key levels to watch are $195 for support and $215 for resistance; a break above could propel SOL higher, while a drop below $195 might lead to a retest of lower support levels.
XRP is approaching a critical resistance at $2.38 with increasing buy-side activity and improving on-chain valuation, suggesting a potential breakout towards $2.60. However, waning spot volume and dense short positions above $2.30 pose risks to sustained upward movement. A decisive break above resistance could trigger short liquidations and propel XRP higher, but failure to do so might lead to a pullback.
WIF experienced a 24% price drop but is showing signs of recovery, with bullish long-term structure and potential buying opportunities for swing traders, especially if Bitcoin maintains its current levels. However, declining trading volume and short-term bearish signals suggest caution, and traders should watch for a reclaim of key moving averages for confirmation of upward movement.
Dogecoin is testing a critical resistance level at $0.43, showing signs of potential explosive growth. Technical analysis by Coinvo suggests a monthly breakout could lead to a significant rally if DOGE can hold above this level. However, failure to break through could result in a correction. The meme coin's current consolidation phase may be setting the stage for a major move, with key resistance levels at $0.44 and $0.48 being crucial for confirming a bullish trend.
Notcoin (NOT) is showing signs of a potential breakout from a falling wedge pattern, with a recent 12.89% price surge. Technical indicators like RSI and MACD suggest bullish momentum, while mixed on-chain signals and high short interest hint at a possible short squeeze. If NOT breaks the $0.01222 resistance, it could rally towards a target of $0.030, representing a 251% upside. Despite some bearish on-chain data, the overall outlook remains optimistic for further gains.
A crypto analyst predicts that Dogecoin's price could reach $0.26 on DOGE Day, with potential for further gains due to the Bitcoin Halving and Coinbase's listing of DOGE futures. Another analyst suggests a rise to $0.40 this month, while others predict even higher prices, with one stating that DOGE is a better investment than Bitcoin. The meme coin's potential for significant returns in the current bull run has led to bullish sentiment and advice to buy DOGE.
Market analyst Tylie Eric predicts that XRP could surge by 60% to over $1 within the next nine days, citing bullish momentum. Despite previous failed attempts to breach the $1 mark, the analyst's analysis of XRP's chart indicates a potential rally to $1.0096. XRP is currently trading at $0.6256 and is showing signs of short-term bullish sentiment, with the 50-day EMA surpassing the 200-day EMA. However, readers are advised to conduct thorough research before making any investment decisions.
Super Micro Computer's (NASDAQ:SMCI) stock price surged over 34% following optimistic guidance for second-quarter operating results, driven by strong market demand for its AI servers. The company's strategic focus on engineering-centric innovation and aggressive pursuit of AI technologies has led to significant revenue and profit growth. However, the market's bullish response has led to an overvaluation, with the company being valued at a multiple of 32 times earnings before interest and taxes, the highest since its IPO in 2007. Investors are advised to wait for a correction before considering a long position.
Natural gas exhibits bullish momentum, aiming for a price target of 3.04 as it signals a bullish trend continuation and surpasses the 50% retracement level at 2.94. The rally, reaching the average performance zone of past five rallies, indicates a potential completion as it approaches the resistance of the rising parallel trend channel. However, the current advancement has placed natural gas back above major moving averages, with the potential for further upside towards 3.15.
Natural gas is showing bullish momentum, with a potential breakout above the five-day high of 2.49 indicating further strength. A bullish doji hammer candlestick pattern suggests a possible rally towards the 20-Day MA at 2.68 and the 38.2% Fibonacci retracement at 2.77. However, a key resistance zone at 2.88 may pose a challenge. There is also a risk of a test of recent lows before a rally. The breakdown of a bearish flag in November suggests the potential for new lows, but patterns can be unpredictable.
Bitcoin's price surge towards $40,000 is boosting sentiment in altcoins such as Kaspa (KAS), THORChain (RUNE), Mantle (MNT), and Render (RNDR). Bitcoin's trajectory remains upward, with expectations of a spot Bitcoin exchange-traded fund (ETF) approval by the United States Securities and Exchange Commission (SEC) in January. Traders should be cautious of a potential sell-off after the initial reaction to the ETF approval. Technical analysis suggests bullish targets for Bitcoin, while altcoins like KAS, RUNE, MNT, and RNDR show signs of consolidation and potential uptrends.
A popular trader, Credible Crypto, predicts that Bitcoin will hit new all-time highs in 2023, with October being the favorite month for it. He argues that the next four months should deliver the bullish BTC price momentum needed to tackle $69,000. Bitcoin has delivered a successful retest of support on monthly timeframes, with $25,000 now possibly a springboard for a new "parabolic advance." Timing for such a move remains open, but October is a "fairly logical guesstimate."
The ongoing stock market rally that began in mid-October is likely to extend into April as many investors are caught off guard by the bullish momentum. According to Goldman Sachs, positioning data shows that hedge funds and retail investors are overly bearish, essentially fighting the ongoing rally. The bank's Scott Rubner isn't surprised by stocks rallying in the face of negative news. If momentum continues to flip to the upside, trend-following traders on Wall Street could be forced to exit their short positions and flip their exposure to long equities, essentially adding fuel to the ongoing rally.
