Renowned Crypto Analyst Foresee Another 20% Surge for Ada, Doge and Dot Prices

Altcoins are surging alongside Bitcoin, which remains robustly near the $44,000 mark. Notable performers this week include Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Avalanche (AVAX), Polkadot (DOT), and Shiba Inu (SHIB), all experiencing over a 20% rally. The next days and weeks will reveal the unfolding trends for these altcoins.Prominent crypto analyst Rekt Capital notes a successful retest of support for ‘crypto total market cap excluding top 10,’ surpassing $190 billion—an occurrence seen only thrice in its history. The global crypto market cap rose by 1.92% to $1.64 trillion.Cardano (ADA) exhibits a remarkable 60% surge this week, targeting the 0.724 resistance (green). Analysts suggest that a dip to the $0.515 orange level could pave the way for a 20% upward move.In the past 24 hours, ADA’s price has surged by 21%, currently trading at $0.62, with a range between $0.512 and $0.643. Notably, trading volume has spiked by 221% in the last 24 hours, signaling increased trader interest.

This week, Dogecoin experienced a 22% surge, breaking past the $0.10 level, and is poised for further gains to $0.12, with an attractive buying opportunity below $0.096.In the last 24 hours, DOGE’s price rose by 5%, currently trading at $0.102, with a range between $0.097 and $0.104. Notably, trading volume continues to rise, increasing by 23% in the past 24 hours.Polkadot (DOT) has witnessed a remarkable 52% uptick since the retest, successfully surpassing the red resistance area. Analysts anticipate potential support reclamation in case of a dip, as DOT establishes a new macro uptrend and surpasses its initial major resistance.DOT’s current trading price is $7.58, reflecting a 19% increase in the past 24 hours and a notable 40% rise over the week. The 24-hour low and high stand at $6.56 and $7.67, respectively, with trading volume spiking by 154% in the last 24 hours, indicating heightened interest.

Leave a Reply

Your email address will not be published. Required fields are marked *