Altcoin Investment Strategy: Why Now Is the Time to Buy Dogecoin (DOGE) and PEPE!
The post Altcoin Investment Strategy: Why Now Is the Time to Buy Dogecoin (DOGE) and PEPE! appeared first on Coinpedia Fintech News
The altcoin industry is gradually gaining bullish momentum as Bitcoin’s (BTC) price struggles to rally beyond $65k despite the notable cash inflows through the US spot BTC ETFs. The crypto cash rotation will trigger a major altseason soon, with meme coins expected to reap the most benefits.
Furthermore, Bitcoin dominance has formed a macro reversal pattern, characterized by a rising wedge coupled with a bearish divergence on the weekly Relative Strength Index (RSI).
If Bitcoin price action follows that of Gold in the near term, the altcoin industry, which positively correlates with BTC, will follow the same path but in a larger magnitude.
Top Altcoins To Consider Ahead Dogecoin (DOGE)#Dogecoin has surged past the $0.111 resistance, where 62,270 addresses hold over 36 billion $DOGE. If #DOGE holds this level, it could confirm a bullish breakout. With no major supply walls in sight, the path to $0.150 looks clear! pic.twitter.com/4L0zI4s72z
— Ali (@ali_charts) September 26, 2024Dogecoin (DOGE) price rallied over 4 percent in the past 24 hours to trade at about $0.1133 on Thursday during the mid-London session. The large-cap meme coin, with a fully diluted valuation of about $16.5 billion and a daily average traded volume of around $1 billion, has already broken out of a daily falling logarithmic trend.
As a result, if Dogecoin price consistently closes above 11 cents in the coming days, a 40 percent pump towards 15 cents will be inevitable.
Pepe (PEPE)$pepe breakout soon https://t.co/FbBDWyGG2t pic.twitter.com/oAiTUQjDlg
— KNIGHT $INJ TO 100$ (@cryptoknight890) September 26, 2024The leading frog-themed meme coin, Pepe (PEPE), rallied over 6 percent in the past 24 hours to trade about $0.000008957 on Thursday during the mid-London session. The mid-cap meme coin has already broken out of a daily falling trend with a fully diluted valuation of about $3.7 billion and over 285k on-chain holders.
A consistent close above the 200-day Moving Average (MA) will pump Pepe’s price at least 90 percent in the short term.