Renowned crypto analyst Rekt Capital is anticipating a significant double-digit rally for three prominent cryptocurrencies—Cardano (ADA), Dogecoin (DOGE), and Polkadot (DOT).
In recent crypto news, altcoins are on the rise while Bitcoin remains steady around the $44,000 mark. Notably, Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Avalanche (AVAX), Polkadot (DOT), and Shiba Inu (SHIB) have experienced impressive rallies, each surging over 20% this week. The coming days and weeks will be crucial as the crypto community eagerly watches how these altcoins continue to perform.
Crypto Analyst Rekt Capital: ADA Surge and Market Cap Milestone
Renowned crypto analyst Rekt Capital recently shared insightful observations on the crypto market. The ‘crypto total market cap excluding top 10’ successfully retested support, rising above $190 billion, a rare occurrence seen only three times in its history. The overall global crypto market cap showed a 1.92% increase, reaching $1.64 trillion.
Cardano (ADA) emerged as a standout performer, witnessing an impressive 60% surge throughout the week. ADA is now on track towards the resistance level (green) at $0.724. Rekt Capital suggests that potential dips to the $0.515 level, marked in orange, could pave the way for a 20% move towards the resistance level.
In the past 24 hours alone, ADA experienced a remarkable 21% jump, with the current trading price at $0.62. The daily low and high were recorded at $0.512 and $0.643, respectively. Notably, trading volume surged by 221% in the last 24 hours, indicating a heightened interest and engagement from traders.
Dogecoin’s Weekly Surge and Potential for Further Upside
This week, Dogecoin (DOGE) experienced a notable 22% rally, successfully breaking above the $0.10 level. The popular meme cryptocurrency is now poised for further upside, with a potential target at $0.12. Analysts suggest that the optimal buying opportunity lies below $0.096.
In the past 24 hours, DOGE price exhibited a 5% jump, currently trading at $0.102. The daily price range fluctuated between $0.097 and $0.104. Additionally, the trading volume saw a significant uptick, increasing by 23% within the last 24 hours. These developments indicate a growing interest and participation among traders in the Dogecoin market.
Polkadot (DOT) Shows Robust Price Movement
Polkadot (DOT) has displayed a robust price movement, surging more than 52% since the recent retest and successfully breaking above the red resistance area. Analysts predict that in the event of a dip, DOT would likely reclaim this area as new support before continuing its upward trend. Notably, DOT has entered a new macro uptrend, surpassing its first major resistance.
As of the latest update, DOT price is trading at $7.58, reflecting a 19% increase in the past 24 hours and a substantial 40% gain over the week. The daily price range oscillated between $6.56 and $7.67. Additionally, the trading volume has witnessed a notable surge, increasing by 154% in the last 24 hours, indicating a heightened level of interest among market participants.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News
