The Crypto Market is Showing Positive Sentiment After a Recent Pullback

The prices of Dogecoin (DOGE) and Cardano (ADA) have risen on the chart. WiseCharts forecasts the value of DOGE could rise to $1.3 in the coming weeks.

Cardano (ADA) price recently tested the $0.6-$0.7 support level and bulls defended this zone. If the altcoin manages to pull off a breakout in the coming days, we might see ADA attempt to reach a peak of $1.3. On the other hand, if bears take over, the Cardano price could drop to $0.5.

In another analysis, Sssebi highlighted that ADA is currently retesting previous lows, and if support holds, we could see the DeFi coin attempt to reach $0.90 soon. At the moment, the sentiment around the cryptocurrency is bullish, and the Williams Percent Range (14) and Stochastic Fast (14) indicators are in the buying territory, which could support a potential price recovery.

CoinMarketCap data shows the value of Cardano ADA has plunged by 23.0% in the weekly timeframe. It also has losses of 24.9% and 32.7% on the biweekly and monthly charts.

Dogecoin (DOGE) price recently showed strength and managed to hold on to a crucial support level, which might lead to a breakout from a descending pattern. Trader Tardigrade observed the price action and noted that the memecoin is gearing up for an explosive move.

The 4-hour MACD is signaling a crossover, which could indicate that bulls are gaining momentum. If this continues, we could see the Dogecoin price explode in the coming weeks and reach a target of $0.33.

In another analysis, Trader Tardigrade highlighted the final capitulation that Dogecoin completed last year. The memecoin made a similar move in the latter half of 2024 before exploding by over 200%. If the same pattern repeats itself, we could see the Dogecoin token pump to $0.85 in the coming months.

CoinMarketCap data shows the cryptocurrency’s value consolidating between $0.2237 and $0.3398 on the weekly timeframe. However, it is important to note that the memecoin has seen massive drops this period; 21.5% and 32.8% price declines on the weekly and monthly levels.

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