While Bitcoin (BTC) has been tearing through new ATHs, most top altcoins have remained in consolidation. Dogecoin (DOGE) is one of those coins that has been trading within a narrow range over the last few weeks. However, analysts forecast a rally to $1 is coming based on a historical pattern.
Meanwhile, whales have been showing interest in Ethereum (ETH) and DTX Exchange (DTX). While ETH is expected to kickstart the altseason, DTX has been the best performer, rallying by 500%. Both coins are expected to rally to new levels in the coming weeks, making them the best altcoins to watch.
Dogecoin (DOGE) Historical Pattern Points To Massive Upsurge
Dogecoin (DOGE), the largest memecoin by market cap, is facing a strong resistance around $0.42. The meme coin has been trading between $0.38 and $0.42 in the past few days. This long period of consolidation could be followed by a price surge if a breakout occurs. CoinMarketCap data shows the Dogecoin price has plunged by 9.3% on the seven-day chart.
Nevertheless, analysts forecast the Dogecoin token could rally to $1 before the year runs out. Crow posted a price chart that showed the Dogecoin crypto following a similar price pattern during bull seasons. DOGE starts by creating a triangle formation before skyrocketing to new levels after a breakout.
This pattern is currently playing out this cycle. The community is currently looking forward to the breakout. Another analyst called Dan Gambardello also forecasts the Dogecoin price USD could rally to $1 in the coming weeks. The coin’s relative strength index is currently above 50, which is a bullish sign.
Whales Accumulate Ethereum (ETH) As They Eye $6k
In a recent tweet, Ali Charts, one of the top analysts in the market, revealed whales have been buying large numbers of Ethereum (ETH) coins since the altcoin broke past $3,330. The whale accumulation signals high optimism as they await a massive rally. Ali is one of those analysts who are bullish about the Ethereum coin. He notes that ETH has very strong support between $3,700 and $3,810.
The analyst predicted at the beginning of December that the Ethereum price could rally to a mid-term target of $6k before soaring to $10k. In the meantime, the Ethereum token is trading above $3,900. CoinMarketCap data reveals its price has increased by 27.2% on the monthly level and 7.8% on the biweekly timeframe. Its technical indicators, like the relative strength index, are bullish and support this potential uptrend.
DTX Exchange (DTX): Your Gateway to the Future of Trading
DTX Exchange (DTX) is causing ripples in the crypto space with its current presale phase six. This groundbreaking platform has already attracted more than $10.2 million in funding and is attracting the interest of smart money. At the current price of only $0.12 per token, early investors could see up to a 10x increase in their investments.
This new-generation trading platform is revolutionizing the market by allowing users to trade Forex, Equities, Crypto, Commodities, and ETFs in one place. DTX Exchange does away with the need for multiple accounts or platforms and offers a superior trading experience while doing so. In addition to this, DTX Exchange has integrated the VulcanX blockchain, a technology that enables ultra-fast and secure transactions in different types of assets.
Meanwhile, DTX Exchange’s vision does not end with trading. It has a staking program that rewards stakers with up to 15% APY. Supported by more than 300K active users and constantly expanding, DTX Exchange could become the preferred trading venue for both institutional and retail investors. It is not only an exchange but the future of trading.
In Summary
Dogecoin (DOGE) could hit $1 in the coming weeks. Also, Ethereum (ETH) and DTX Exchange are expected to rise to new levels—$6k and $1, respectively. Investors who are looking for the best coins to invest in should waste no time, as a rally could start anytime from now.
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