Dogecoin

Rally

Bitcoin

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/markets-rally-as-cryptos-rebound" data-wpel-link="internal" rel="noopener noreferrer nofollow">Markets Rally as Cryptos Rebound</a><br></p>
<p style="text-align: justify">The markets are showing signs of recovery as cryptocurrencies begin to turn green once more. The arrival of the weekend typically brings calmer conditions due to reduced trading volumes. However, during unusual periods, significant <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> players (“whales”) can induce considerable volatility in these low-volume settings. Could this scenario repeat itself?</p>
<h2 id="what-will-drive-xrp-next">What Will Drive XRP Next?</h2>
<p style="text-align: justify">Ripple has solidified its position following notable victories in its legal battles against the SEC. Despite fluctuations in Bitcoin’s price, <a href="https://en.bitcoinhaber.net/xrp-hits-annual-peak-with-ripple-legal-strides-sparking-optimism" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> has maintained a level around $0.56, indicative of its resilience. However, investor sentiment remains fragile after the rapid downturn experienced last week. Currently, XRP hovers around the EMA20 level of $0.57, suggesting a short-term upward trend, which could push the price to $0.64 or $0.73 if a breakout above $0.58 occurs. Conversely, a close below $0.54 might lead to a decline towards $0.46.</p>
<h2 id="will-doge-surge-or-plummet">Will DOGE Surge or Plummet?</h2>
<p style="text-align: justify">Dogecoin (DOGE) is at a critical juncture, frequently trading around the $0.1 mark. With Bitcoin nearing $60,000, short positions on Binance are gaining strength. Given the weak demand and struggling altcoins, DOGE’s path could skew downward. However, reclaiming the EMA20 level at $0.11 could propel the price back up to $0.18. If bulls falter, DOGE could descend to $0.09 or even $0.08.</p>
<p style="text-align: justify">Despite some supportive elements like increasing Telegram-linked projects entering exchanges, the TON Coin’s price faces resistance. The price regained the SMA50 level of $6.89 but encountered selling pressure at higher levels. A close below the EMA20 level of $6.45 might target $6.05, while retaining support above this could aim for $7.65.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">– XRP’s movement around EMA20 indicates potential breakout opportunities.<br> – DOGE’s reclamation of $0.11 EMA20 could signal a price surge to $0.18.<br> – TON Coin faces resistance at higher levels, but support above $6.45 is crucial.</p>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">As the market stabilizes, XRP, DOGE, and TON Coin each present distinct opportunities and risks. Investors should closely monitor EMA and SMA levels to make informed trading decisions. The upcoming days will be pivotal in determining the market direction for these cryptocurrencies.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/markets-rally-as-cryptos-rebound" data-wpel-link="internal" rel="noopener noreferrer nofollow">Markets Rally as Cryptos Rebound</a></h5>

Markets Rally as Cryptos Rebound

Table of Contents

BH NEWS

Other articles published on Aug 16, 2024

Binance Agreement Finalized with Brazil’s SEC Following Lengthy Regulatory Battle

Bybit Secures VASP License in Argentina, Launches Crypto Trading and Card Services

Bitcoin Price Set to Surge, Analyst Says

Ethereum Sell-Off Shocks Investors: $42.5 Million Out in a Single Day!

Pawfury: The New Crypto Sensation – Why PAW Is Turning Heads

UK’s Crown Estate launches AI training to support sustainability goals

Join our free newsletter for daily crypto updates!