AI Shows Shiba Inu & Doge Will Skyrocket In February But Why? We Analyse The Big Gainers This Month
The post AI Shows Shiba Inu & Doge Will Skyrocket In February But Why? We Analyse The Big Gainers This Month appeared on BitcoinEthereumNews.com.
The bearish attitude of the whole crypto market has caused a significant decline in the meme coin market in the past several weeks. From the $0.000032 December high, Shiba Inu’s token price has declined significantly; dogecoin’s price has dropped as well. One altcoin, however, has shown resilience in the highly erratic market. Ranked among the best presale tokens available, the Remittix (RTX) price has jumped from $0.015 to $0.0521. Analysts credit the cross-border payment system it is providing—which is meant to enable smooth crypto-to- cash transactions—for the mounting momentum. Read on to learn more about this new crypto project. Bull Flag Pattern Signals Strong Momentum Though at several times Dogecoin has displayed strong bullish momentum, it has not yet exceeded its all-time high of $0.7316 in this cycle. Still, many DOGE aficionados are positive about the meme coin; many of them are looking forward to a final breach above $1 this bull cycle. Ironically, Dogecoin has not even broken beyond $0.5, the halfway point to meet the $1 aim. Yet, crypto researcher Lucky pointed out that DOGE will shortly be trading at $1. The technical pattern developing on the price chart of Dogecoin forms Lucky’s confidence basis. Posting his perspective, he pointed out a bull flag development on the daily candlestick period. Fascinatingly, this bull flag is a multi-month pattern having been in formation since November 2024. The trend started with a robust gain in mid-November then peaked at $0.484 in early December before encountering pushback. Price movement has then entered the flag phase of the structure, marked by corrections and bounces off the upper and lower trendlines of the flag. Particularly in a bullish market, the building of a bull flag is considered as a strong indication of additional gain. Should the meme currency deviate from this framework with…
Filed under: News - @ February 2, 2025 12:16 pm