- Bitcoin just broke $108K and could lead a broader market rally
- Most altcoins are still flat, gaining only 0% to 2% so far.
- Dogecoin may retest $0.25 if it holds key support near $0.16.
The crypto market is on the rise again. For the past two weeks, Bitcoin has been trying to break through a key resistance level around $105,000. Today, it finally did; climbing past $106,000, crossing $107,000, and even briefly moving above $108,000.
If Bitcoin manages to stay above this range, it could spark a strong rally across the entire crypto market. However, at the moment, altcoins aren’t keeping up. While Bitcoin has gained around 4%, most altcoins have recorded minimal increases between 0% and 2%.
Meanwhile, popular meme coins like Dogecoin, Shiba Inu, and Pepe are still stuck below important resistance levels and haven’t seen much upward momentum yet.
Dogecoin (DOGE) Price Analysis
Dogecoin’s price continues to correct as the broader altcoin market shows little momentum. The DOGE chart has been gradually moving through this pullback phase, and so far, there’s no clear signal that a solid recovery has begun.
Still, for the short term, it appears Dogecoin could nudge slightly higher before this current correction fully plays out. An early bullish sign would be if DOGE manages to hold its ground now and then regain strength. Such a development might allow it to retest its recent high around the $0.25 level.
The crucial levels to watch are in the support zone between $0.19 and $0.16 cents, with the $0.15 mark acting as a decisive level. If prices remain above this zone, it would help keep the longer-term positive outlook intact. A drop below this area, however, could trigger a larger sell-off and extend the correction further.
Shiba-Inu Price Analysis
In just the past 24 hours, there’s been a huge 137% jump in big transactions involving SHIB. Even though the price hasn’t taken off yet, this sharp rise in activity is usually a sign that something big could happen soon. In the past, big jumps in whale activity have often led to strong price increases.
According to the analyst MMBTtrader’s chart, Shiba Inu is still stuck under a falling trendline. The price is holding above a strong support area around 0.00001000. Right now, SHIB is trading near 0.00001400. If it manages to break above the trendline and cross 0.00002044, it could rise further toward 0.00003514.
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