Mega Breakout For DOGE? Trend Analysis Signals $1.5 Rally Next After Cardano Announcement 

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Dogecoin prepares for a massive rally as bulls take hold of DOGE. The meme coin is nearing the $1 target, with analysts calling Dogecoin the ‘King of Crypto’. This title is attributed to Dogecoin because of its massive ascent in November, which has left the experts shocked.

Joining DOGE, Cardano has also seen numerous upgrades that have boosted the ADA market performance. The recent SpaceX partnership has pushed the ADA price further, with market experts predicting further ascent for the Cardano price. IntelMarkets has also joined ADA and Doge in this bullish price action by raising $2.4 million in its presale.

Dogecoin Price To Exceed $1: DOGE Claims Title Of ‘King of Crypto’

DOGE’s recent rally has solidified its position as a key player in the crypto market, earning it the handle of the King of Crypto. Dogecoin price achieved a higher high on the weekly chart after breaking through a crucial high-time frame (HTF) resistance level of $0.32 — a potent technical indication of ongoing bullish momentum. 

Skew Analytics has pointed out that $0.32 is a significant HTF resistance that DOGE has successfully cleared. This is a significant breakout since it signals a structural shift in the asset’s trend and creates the possibility of short-term price stabilization between $0.32 and $0.40.

These days, the $0.40 mark is a crucial target for bulls. The likelihood of additional upward movement increases if this level holds. Furthermore, a pivot point is the 0.5 Fibonacci retracement level at $0.398.

A firm close to this level could act as a launchpad for DOGE, increasing Dogecoin’s price velocity. Because of this, $0.42 is a crucial level that initiates the rally’s subsequent leg. Even though this goal might seem lofty, DOGE could enter this zone if technical strength and market momentum work together.

Cardano Price Set To Skyrocket: ADA SpaceX Partnership Rumors!

Cardano’s price is in its third consecutive weekly gain and sitting at its highest level since March 2024. ADA has soared by almost 170% from its lowest level this year, making it one of the top layer 2 tokens. The current surge is likely because of a potential collaboration between Cardano and Elon Musk’s SpaceX, and the ongoing crypto bull run. 

The most important catalyst for the ongoing ADA price surge is the crypto bull run that has seen Bitcoin jump to $92,000 and the total market cap of all coins hit $3 trillion. The crypto fear and greed index has also jumped to the extreme greed area of 83 for Cardano.

Cardano’s jump accelerated after online users speculated that the network was about to partner with SpaceX, the company owned by Elon Musk. This speculation accelerated after Charles Hoskinson sent a picture of him standing next to a SpaceX rocket. Before that, he hinted that he was about to sign a substantial deal. 

ADA price also jumped after Brandon Turp, a crypto investor, hinted that the network would become a key player in a blockchain-enabled voting system. Hoskinson has recently hinted that he will be a crypto advisor in Trump’s administration, a statement that some analysts like BitBoy doubt.

IntelMarkets Price Prediction: How High Can INTL Go After DigiFort Wallet Launch

IntelMarkets is not just another altcoin, it is an AI-driven DeFi platform that is set to shake up the $264 billion global crypto trading market. IntelMarkets provides retail and institutional investors access to trading tools based on artificial intelligence and machine learning, across multiple asset classes. This fusion of blockchain and AI stands out and also comes at the right time as the need for innovation becomes greater.

The platform has recently launched the DigiFort Wallets. The DigiFort Wallet is not just a digital vault for storing your tokens, but also a part of the IntelMarkets’ ecosystem. Using the enhanced features powered with AI, the wallet automatically suggests assets to swap via in-app suggestions to users, offers tailor-made trading insights and sets up smart trading options for users to maximize their returns. 

It’s a major attraction, giving even novice investors the ability to use professional-level trading strategies without having to spend a ton of time and effort learning. INTL has strong use cases and early adoption, and, according to financial analysts, will hit 25x post-launch due to these characteristics, as well as its low initial price. 

Currently, INTL tokens are priced at $0.05 and have already raised over $2,400,000 in its sixth ICO stage. Being a new altcoin with a fresh presence, INTL isn’t bound by a large market cap like many mainstream alternatives.
Want to know more about the IntelMarkets platform? Check out the website or join the presale to become a part of the viral community.

*This article was paid for. Cryptonomist did not write the article or test the platform.

Source: https://en.cryptonomist.ch/2024/11/19/mega-breakout-doge-trend-analysis-signals-1-5-rally-next-cardano-announcement/