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Cryptocurrency News Articles

Dogecoin (DOGE) Could See Bullish Run To $3 in January

Dec 20, 2024 at 04:00 pm

A cryptocurrency analyst known as Trader Tardigrade believes that there is a massive bullish run for Dogecoin (Dogecoin) in the near future.

Dogecoin (DOGE) Could See Bullish Run To $3 in January

Cryptocurrency traders are always on the lookout for the next big coin. Whether it's a new project with an innovative use case or an established coin that's poised for a breakout, there are always opportunities to be found in the crypto market.

In this article, we'll take a look at three coins that are currently on traders' radar screens. We'll discuss the recent price action, technical indicators, and fundamental developments that are driving interest in these coins.

The first coin on our list is Dogecoin (DOGE). After experiencing a massive surge in 2023, Dogecoin has largely consolidated in 2024. However, a recent technical indicator is suggesting that a big price move could be on the horizon.

According to cryptocurrency analyst Trader Tardigrade, the Price Momentum Oscillator (PMO) for Dogecoin is setting up for a bullish cross in January. This technical indicator is often used to identify price pumps, and a cross in January could lead to a significant price rally for DOGE in Q1 2025.

After setting record highs in 2023, Solana (SOL) has also experienced a downturn in 2024. Despite the price decline, several technical indicators are suggesting that a breakout could be imminent.

Two cryptocurrency analysts, Coinvo and Greeny, have pointed out that SOL’s price is trading within a descending channel on the total crypto market cap chart. This price setup could lead to a potential breakout in the coming months.

If there's a breakout, we can anticipate a rally to $270 and $300 price targets, respectively, as per Coinvo and Greeny.

The final coin on our list is IntelMarkets (INTL). This new project is aiming to revolutionize the crypto trading market with its advanced AI trading tools.

Having already raised over $5 million during its ongoing presale, IntelMarkets is now preparing to launch its AI trading platform. This platform will be powered by ex-specialists from Renaissance Technologies, Google, OpenAI, and Goldman Sachs.

With a lineup like this, it's no wonder that traders are excited about the possibilities. The INTL coin, which will be used to access the platform's premium services, is expected to soar in value as the platform gains traction.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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Other articles published on Dec 21, 2024