Dogecoin

Bitcoin Cash

<p><strong>Date:</strong> Fri, Sept 27, 2024, 06:34 AM GMT</p><p>The cryptocurrency market has been on a bullish run over the past two weeks, fueled by the Federal Reserve&#39;s interest rate cut and optimistic sentiment for the fourth quarter. Bitcoin has surged past $65,000 for the first time since August 1, igniting a wave of excitement across the market. Amid this upward momentum, two prominent tokens—Dogecoin (DOGE) and Bitcoin Cash (BCH)—have confirmed significant breakouts, signaling the potential for even more gains.</p><h3 id="dogecoin-doge-breakout">Dogecoin (DOGE) Breakout</h3><p>Dogecoin, the leading memecoin by market cap, has officially broken out of a major pattern, according to crypto analyst <a href="https://x.com/CryptoFaibik/status/1839538638121578879" rel="noopener noreferrer nofollow">Captain Faibik</a>. He noted that DOGE has completed an upside breakout from a falling wedge today at the price level of $0.1094, which is often a bullish indicator. Faibik has set a price target of $0.21 for DOGE, representing a potential 91% increase from its current level.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/0cb481cf75da4f4fa069428a46471de9.jpeg" />Credits: Crypto Faibik</p><p>As of now, Dogecoin is trading at $0.1233, boasting weekly gains of over 15%. This breakout has caught the attention of traders, with many anticipating further upward movement.</p><h3 id="bitcoin-cash-bch-breakout">Bitcoin Cash (BCH) Breakout</h3><p>Bitcoin Cash, a prominent Bitcoin fork, has also confirmed its breakout today. According to crypto analyst <a href="https://x.com/ZAYKCharts/status/1839523850125721979" rel="noopener noreferrer nofollow">&#64;Zaykchart</a>, BCH has broken out of its falling wedge pattern at the $350 level and is poised for a bullish wave. Zaykchart has set a price target of $550, which represents a 58% upside from its current price.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3ffda6216c5d459ea764bf924df0de8b.jpeg" />Credits: Zayk Charts</p><p>At present, Bitcoin Cash is trading at $360, with a market cap of $7.1 billion. With this confirmed breakout, BCH is attracting attention from both short-term traders and long-term investors.</p><h3 id="is-a-rally-on-the-horizon">Is a Rally on the Horizon?</h3><p>Both Dogecoin and Bitcoin Cash are showing strong technical indicators that suggest more upside potential. With the broader market gaining steam, the confirmed breakouts in DOGE and BCH could fuel additional gains. Recent altcoins like <a href="https://coinsprobe.com/sei-breaks-out-with-60-weekly-gains-is-more-rally-on-the-horizon/" rel="noopener noreferrer nofollow">SEI</a>, <a href="https://coinsprobe.com/worldcoin-gains-momentum-after-expansion-is-a-price-surge-coming/" rel="noopener noreferrer nofollow">WLD</a>, and <a href="https://coinsprobe.com/dogwifhat-wif-confirms-major-breakout-is-this-the-start-of-a-bullish-rally/" rel="noopener noreferrer nofollow">WIF </a>have seen significant rallies following similar breakout patterns, hinting that these tokens might follow suit.</p><p><strong>Disclaimer: </strong>This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.</p><p><strong>Also Read: </strong><a href="https://coinsprobe.com/shib-rises-with-double-digit-gains-can-it-clear-the-next-resistance/" rel="noopener noreferrer nofollow">SHIB Rises with Double-Digit Gains – Can It Clear the Next Resistance?</a></p>

Major Breakouts Confirmed for Dogecoin and Bitcoin Cash: Rally Ahead?

Table of Contents

CoinsProbe

Other articles published on Sep 27, 2024

Ripple’s Legal Fight Rages On: Will the SEC Appeal and What’s Next for XRP?

The Federal Tax Service of Russia to Develop and Maintain a Register of Cryptocurrency Miners

5 Factors Behind the Plummet of Hamster Kombat Since Its Listing

Empowering projects with the Orderbook API

Stock market: Meta Is Breaking Records With Its AI!

Solana Memecoin Pepe Warrior (PEPEWAR) to Surge 18,000% Ahead of Exchange Listing, While Shiba In...

Join our free newsletter for daily crypto updates!