A consolidation around $0.33 has characterized Dogecoin’s price action in the past 24 hours. Notably, this perambulation around the $0.32 mark has seen DOGE holding above an important trendline that could make or break its trajectory.
Interestingly, DOGE is also exhibiting what looks like the formation of a climax bottom, according to a recent technical analysis of Dogecoin price action. This observation comes from crypto analyst Trader Tardigrade, who shared insights into Dogecoin’s price structure and a positive outlook for the king of meme coins- DOGE.
At the same time, IntelMarkets grabs attention with its massive ascent of 230%. The AI platform has soared to $0.82 in the presale stage 9 with a staggering presale raise of $6.5 million. Experts claim further ascent for the coin.
DOGE News: Dogecoin Price Holds Strong Above Support Trendline
In a recent analysis on the social media platform X, Trader Tardigrade noted that Dogecoin price has maintained its position above a vital support trendline. This support trendline is located around $0.315 and has been a pertinent area for Dogecoin price since the middle of December 2024.
This support level arose after DOGE briefly broke below the $0.27 mark on December 20 before rebounding upwards. As pointed out by Trader Tardigade, the ensuing structure from this break formed what was a selling climax for DOGE.
However, DOGE’s selling climax might not be the end of the correction. Instead, Dogecoin price might still be in the process of completing a “selling climax bottom,” which is a more extended formation that sets the stage for a Dogecoin price correction bottom. At present, the Dogecoin price is retesting the support trendline at $0.315 following a recent surge to $0.39.
This retest is seen as a critical step in the broader price structure. According to Trader Tardigrade, the price action represents a “secondary test” (ST), a technical move that serves to confirm the validity of the selling climax bottom. By holding above this level, Dogecoin strengthens its chances of transitioning from a correction into an extended recovery upward.
IntelMarkets (INTL) Poised For Another 230% Rally!
IntelMarkets (INTL) is revolutionizing DeFi and trading by combining advanced AI with blockchain technology. Its AI-powered trading bots analyze market data, execute real-time transactions, and adapt to market trends. These bots offer personalized insights, helping traders optimize strategies for maximum profitability.
Yet one of the standout features of IntelMarkets is its AI marketplace, which offers ready-made trading strategies and algorithms for multiple asset classes. That opens up these tools to retail traders, closing the gap between hooking up to the exchange and accessing its underlying trading technology.
The Intelli-M trading system is a further innovation layer in place that conducts lightning-fast technical analysis across various markets. The fact that this levels the playing field and enables the trader to capitalize on profitable opportunities with the greatest precision and minimal effort is what makes this efficiency so important.
Top priority, the QuantumX Wallet, is equipped with quantum-proof custody to protect against future cybersecurity threats. In addition, the $1 million Route X21 research initiative shows IntelMarkets’ commitment to be ahead of the game concerning quantum computing challenges.
IntelMarkets is gathering steam with over $6.5 million raised in its presale and a token price of $0.082. Early investors are aiming for returns of more than 330% when the token launches on Tier 1 exchanges, and experts say the market cap should be around $1 billion.
Discover More About Intel Markets:
- Presale: https://intelmarkets.io/
- Buy Presale: https://buy.intelmarkets.io/
- Telegram: https://t.me/IntelMarketsOfficial
- Twitter: https://x.com/intel_markets
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
