The Dogecoin price has regained the $0.20 mark following a sharp fall to the $0.19 mark, at which point bulls stepped in and triggered a recovery. However, CoinMarketCap data indicates the Dogecoin price is still red on the 7D chart with a 10.8% loss. Yet, analysts remain optimistic about the memecoin.
A top crypto analyst, Bullify_X, believes the Dogecoin price could be set for another massive upside in the coming weeks. The analyst’s Dogecoin price forecast places a target at $0.70 in the coming weeks.
Another market watcher, EchoesofETH, suggests that the Dogecoin price might be repeating history. According to the analyst, two clean breakouts from a descending structure have emerged from the same demand zone.
He said this was a bullish sign for the Dogecoin price. Now, a third impulse appears to be brewing, and EchoesofETH is closely watching the 1.6 Fibonacci level at $1.05 as the next key target.
Meanwhile, technical analysis shows the Dogecoin price is in a neutral position. The RSI is at 42 with room for enough upside if buying pressure rises.
Ethereum (ETH) Looks Set To Hit $4,000
The Ethereum price continues to trade between $3,400 and $3,900 on the weekly timeframe as institutional interest continues to rise. The altcoin attempted to break out past the $3,700 level on Monday, but bulls could not sustain the uptrend.
A seasoned crypto investor, Ted Pillows believes the Ethereum price is flashing strong buy-the-dip (BTFD) signals on the weekly chart. He said the Ethereum price has just completed a perfect support retest, and bullish momentum is now building.
With buyers stepping in at key levels, the Ethereum price looks poised to surge higher. If momentum continues, Ted forecasts the Ethereum price could pump to $4,000.
CryptoGoos, another expert, added to the bullish sentiment by highlighting Ethereum’s 10-year performance. He pointed out that the Ethereum price has outperformed every major asset class over the past decade. This includes Bitcoin, the Nasdaq, and other top traditional equities.
Such performance shows the Ethereum price has huge potential. As institutional interest and the ecosystem continue to grow, the Ethereum price could reach new heights during this cycle.