Bitcoin Dogs, Tron, Akash Network
Cryptocurrency prices remained in a tight range on Monday, with Bitcoin consolidating around the $60,000 key support and the market cap for all coins hovering at $2.06 trillion. The crypto fear and greed index was stuck at $46 and the exchange rate pulled back. This article looks at three top coins like Bitcoin Dogs, Tron and Akash Network.
Bitcoin price prediction
Bitcoin dogs It is a relatively new cryptocurrency that started trading earlier this month. In most cases, new cryptocurrencies will have some volatility as some pre-sale buyers will leave their positions. They also fail when they move to the value-finding stage.
Bitcoin Dogs had one of the most successful token sales of the year, as the developers raised more than $13 million from investors. The main call to action was the largest Initial Coin Offering (ICO) on the Bitcoin network.
ODOG token fell sharply, reaching a low of $0.0060 on Thursday. Fortunately, two main things have happened, which can raise the very low price of the Bitcoin Dogs token. First, it had two consecutive days of high volume, which means buyers are starting to come back.
Second, Bitcoin dogs made a small doji candle pattern, which is characterized by a small body and upper and lower shadows. In most cases, this is one of the most popular reversal signals in the market. This reversal signal is usually confirmed when the doji is followed by a large bullish candle, which happened on Thursday.
So, while it's too early to tell, there's a chance this could be the start of a new bull run. If it happens, the token will probably rise to a key resistance point at $0.050, 151% above the current level. You can find out more Bitcoin dogs here.
Tron price analysis
Tron It's one of the fastest growing cryptocurrencies this week at a record high of $0.1690. This rally happened because of its strong fundamentals and the recent launch of SunPump, a meme coin generator on Tron.
The Tron meme is about to explode. I saw a hater once predict that the Tron meme wouldn't last for two weeks. Well, it's been two weeks now. Then I saw Tron saying there was nothing stopping him now. Is it still possible to join Tron in time?
— HE Justin Sun 孙宇晨 (hiring) (@justinsuntron) August 29, 2024
On the daily chart, TRON has been consistently above all moving averages. It also rose above the key resistance point by $0.15. In particular, Tron has reversed the important resistance point at $0.1448 into a support level. This was an important step as this was the design of the cup top and handle.
Tron has both strong fundamentals and technicals, which means it is likely to make a strong comeback, with the next high this week at $0.1690. A break above that level points further up.
Akash network price prediction
The Akash Network token retreated sharply on Thursday as artificial intelligence (AI) tokens fell after Nvidia's earnings. It has fallen for three straight days, moving below key support at $3, the neckline of a two-top chart pattern.
When the 200-day and 50-day moving averages cross each other, the Akash Network has formed a death cross pattern. The token also moved below a key point of $2.60, the lowest point on July 5.
Therefore, the view of the image is weak, the next point is the psychological point at $ 2.0.
