On the crypto market sometimes released by energy games between altcoins and regulatory bodies came an unexpected roar to awaken the pack. Dogecoin, the most famous of the same, returns to the front of the stage with 6 %focus, styling for the post Ethereum and XRP. It seems that this beginning after the time of torp is proven by those who have included the same in the rank of simple digital prank. A bit like an animal we thought he was docile, but showing fangs.
In short
- Dogecoin overcomes Ethereum and XRP with an increase of 6 % in 24 hours.
- The whale crypto in one day accumulates 100 million DOGE.
- 21 Shares and Bloomberg count on dogecoin ETF by the end of 2025.
Dogecoin overlaps market giants
May 1. around $ 0.1810marking an increase almost 6 % in 24 hours. During this period Ethereum and XRP did not follow the pace and let dogecoin put the label ” Altcoin of the day ». However, the shift volume decreased by 11 %, indicating that this increase was done without a drum or trumpet. What matters: ” Dogecoin is lower and higher lower The analyst announced.
Briefly It is preparing for stabilization over $ 0.19. Analyst Thomas Anderson evokes ” Rising corner training On a 30 -minute chart, the figure often increases brutal. So doge exceeds the 0.22 $ brand And its mobile average in 200 days, so the journey will be free.
Whales and ETF arouse flames
Trust is coming back and the whale crypto is not wrong. L ‘Sudden accumulation of dogecoin evokes previous bruises. According to Ali Martinez, this type of movement ” Often precedes a significant increase in prices ». Another catalyst element: persistent rumors around dogecoin ETF. 21 Shares claim that the same ” no longer just a joke »And its simulations show a significant improvement in portfolies including 1 % DOGE.
Bloomberg even evaluates 80 % probability of approval of such ETF this year. If this happened, the institutional interest could move Doga to new heights.
Technical analysis: towards the immediate breakthrough?
Technical indicators also indicate the conversion of the trend. Tweet @Tatrader_alan strengthens this vision:
The current formula is reflected in DOGE/BTC, which was observed in front of the rally in October 2024.
Therefore, indicators point to a possible breakthrough. However, breaks persist. DOGE must first regain a level of $ 0.22, which corresponds to its exponential mobile average in 200 days. In case of failure, Repair to an area of 0.13 to $ 0.10 can occur. However, if history is repeated, a significant increase in the exchange volume could support the new price increase of the same.
In conclusion, dogecoin is not re -re -re -re -flame. Bonk, another notorious, recently showed that he was also among guests with an increase of 60 % per week. Skeptics who have assessed the era of the same rotation could swallow their cynicism well. At Crypto Universe, the scene remains open and this old market comic seems to be ready to improvise a new number.
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Blockchain and crypto revolution! And the day when the impacts will be felt on the most vulnerable economy of this world, I would say against all the promises that I was there for something
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
