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Calim big BNBClaim BNB Top Analyst Says Be Careful with Dogecoin: Here’s Why A notable TradingView analyst has warned Dogecoin holders, particularly the bears, to “be careful” as a potential bullish pattern forms. Follow LACHAKARI Crypto Dogecoin (DOGE) has seen a substantial price drop over the past week, reflecting broader market concerns. The memecoin experienced a 6.7% decline from a weekly high near $0.20 to a low approaching $0.16. Over a 24-hour period, the price further decreased by 4.0%, while the 30-day change stands at a more substantial 20% drop. Despite this decline, analysts are exploring potential signals for a market reversal, citing technical patterns that could point to a future price surge. “Be Careful” with Dogecoin Among the technical patterns drawing attention is the cup and handle formation, identified by analyst “Cobra Vanguard” on TradingView. The chart indicates a large, rounded bottom structure, which began in mid-2021 following DOGE’s peak. This rounded shape suggests long-term accumulation and a market recovery after a significant drop. Notably, the cup bottom was around $0.04 in mid-2022. Meanwhile, the price has since improved to touch $0.47 in December 2024 before retracing, forming the handle. Currently, the handle is showing signs of consolidation before an uptick. Additionally, the AB=CD harmonic pattern, another crucial technical element, mirrors the previous price rise, suggesting a potential target price of $0.88. Essentially, the analyst is urging market participants not to be overly bearish about DOGE
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*Note on Cardano (ADA)* As of March 5, 2025, Cardano (ADA) is trading at (link unavailable). Here's a brief analysis and price prediction: *Analysis* 1. *Technical Indicators*: ADA's Relative Strength Index (RSI) is currently around 50, indicating a neutral market sentiment. 2. *Market Trends*: The cryptocurrency market has been experiencing a bullish trend, with many top coins showing significant gains. 3. *Cardano's Fundamentals*: Cardano's team has been actively developing and improving the blockchain, with a focus on scalability, security, and sustainability. *Price Prediction* Based on the analysis, here's a possible price prediction for ADA: - *Short-term (next 30 days)*: $0.45 - $0.55 (15% - 45% increase) - *Mid-term (next 3 months)*: $0.60 - $0.80 (55% - 110% increase) - *Long-term (next 6 months)*: $1.00 - $1.50 (165% - 295% increase) Please note that cryptocurrency markets are highly volatile and unpredictable. This prediction is based on the current market trends and analysis, but it's essential to do your own research and consider multiple sources before making any investment decisions.$ADA
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