DOGE News: Dogecoin Price Holds Strong Above Support Trendline, IntelMarkets (INTL) Poised For Another 230% Rally!

A consolidation around $0.33 has characterized Dogecoin's price action in the past 24 hours. Notably, this perambulation around the $0.32 mark has seen DOGE

Dogecoin price is showing signs of strength once again as it continues to hold above an important support trendline. This trendline has been in place since mid-December and has acted as a floor for Dogecoin price on multiple occasions.

If Dogecoin price manages to hold above this trendline, it could be setting the stage for a further rally in the coming weeks. However, if Dogecoin price breaks below this trendline, it could indicate that a deeper correction is underway.

Dogecoin price is currently trading at $0.33, which is up 0.3% in the past 24 hours and 6.5% over the last week. Dogecoin price has now rallied more than 1,000% from its all-time low of $0.03 in December 2024.

One technical analysis of Dogecoin price action is suggesting that DOGE may be forming a “selling climax bottom,” a formation that could signal the bottom of the correction. This analysis was shared by crypto analyst Trader Tardigrade on social media platform X.

According to Trader Tardigrade, Dogecoin price formed a selling climax on December 20 when it briefly broke below the $0.27 mark before quickly rebounding upwards. This type of price action is typically characterized by a sharp and exaggerated sell-off followed by a rapid buying climax.

Trader Tardigrade noted that the selling climax for Dogecoin price occurred at a key Fibonacci level, which is often seen as an area of support or resistance. In this case, the 1.618 Fibonacci extension level from the recent swing high and swing low lined up almost perfectly with the December 20 low.

After forming the selling climax, Dogecoin price began to consolidate in a tighter range, forming what appears to be a “selling climax bottom.” This type of formation is typically characterized by a period of consolidation following a selling climax, which is then followed by a breakout to the upside.

If Dogecoin price manages to break out of the selling climax bottom, it could indicate that the correction is over and that Dogecoin price is ready to begin another rally. However, if Dogecoin price fails to break out of the selling climax bottom, it could indicate that the correction is still ongoing.

IntelMarkets (INTL) is a DeFi and trading platform that combines advanced AI with blockchain technology. Its AI-powered trading bots analyze market data, execute real-time transactions, and adapt to market trends. These bots offer personalized insights, helping traders optimize strategies for maximum profitability.

But one of the standout features of IntelMarkets is its AI marketplace, which offers ready-made trading strategies and algorithms for multiple asset classes. That opens up these tools to retail traders, closing the gap between hooking up to the exchange and accessing its underlying trading technology.

Another layer of innovation is the Intelli-M trading system, which conducts lightning-fast technical analysis across various markets. The fact that this levels the playing field and enables the trader to capitalize on profitable opportunities with the greatest precision and minimal effort is what makes this efficiency so important.

The QuantumX Wallet, which is equipped with quantum-proof custody to protect against future cybersecurity threats, is a top priority. In addition, the $1 million Route X21 research initiative shows IntelMarkets’ commitment to being ahead of the game concerning quantum computing challenges.

With over $6.5 million raised in its presale and a token price of $0.082, IntelMarkets is gathering steam. Early investors are aiming for returns of more than 330% when the token launches on Tier 1 exchanges, and experts say the market cap should be around $1 billion.