Dogecoin Signals Bull Run with Key Support: Price Target Revealed!

Ripple Pushes Crypto Growth with 17 Million RLUSD Transfers

Dogecoin (DOGE) recently displayed a bullish indicator that has traders excited. A MACD bearish cross just formed, often signaling that DOGE will trade sideways for about a week before potentially entering another bull run. As this cross appears now, many traders eagerly anticipate an upward surge. Crypto analyst Ali recently pointed out an important development for Dogecoin on the 4-hour chart. He observed that the TD Sequential indicator has issued a buy signal, suggesting that bullish momentum could be building. According to Ali’s analysis, if Dogecoin stays above the key support level of $0.141, it could rebound to reach approximately $0.162. Buy Signal and Price Target Identified by Analysts Ali’s chart analysis revealed that the TD Sequential displayed a “9” green buy signal. This particular signal suggests that an ongoing downtrend may be nearing exhaustion. Traders often view this pattern as a prime buying opportunity, as it suggests the price is poised for a correction upward. At the time of Ali’s analysis, DOGE traded around $0.1457 within a 4-hour timeframe. Closing above the $0.141 support level becomes essential for a potential bullish move. If Dogecoin falls below this level, the bullish outlook could fade. Critical Support and Current Price Action Currently, DOGE trades above the critical $0.141 support level, at about $0.156. This price movement further validates Ali’s identified buy signal and strengthens expectations for a rally toward the $0.162 target. This target level aligns with previous price action, where resistance might emerge if bullish momentum continues. Many traders are now hopeful that Dogecoin will continue this upward path. Technical Indicators Favor an Upward Move Ali highlighted that the “9” green buy signal, issued by the TD Sequential, typically points to the exhaustion of a downtrend. Many traders consider this a strong buying opportunity, as it indicates potential for an upward shift in price. Meanwhile, another analyst noted that Dogecoin’s 2-month Logarithmic MACD just turned bullish, which last happened before its major rally in 2021. This crossover reinforces positive momentum, suggesting a potential breakout. Read Also: LUNC 24-hour Price Analysis: Strong Resistance Near $0.00009300 As Bulls Battle For Dominance Outlook for Dogecoin in November 2024 Looking at November’s trends, analysts predict that Dogecoin may see a parabolic bull run. If Dogecoin holds above the $0.141 support, traders may see considerable gains as market conditions stabilize post-election. With multiple technical indicators aligning and historical patterns pointing to similar gains, the outlook for DOGE this November remains optimistic.

Charles Hoskinson Reacts to Herd’s Bold Blockchain Aspirations

Charles Hoskinson Lightheartedly Responds to Herd’s Vision for Blockchain

Charles Hoskinson, the founder of Cardano, recently reacted humorously to a new gaming project within Project Catalyst, a platform for community-driven innovation. Pierre Aceituno’s proposal outlines the development of “Herd,” a decentralized music and DJ battle game that combines blockchain, NFTs, and community governance. Herd’s Core Features: Blockchain, NFTs, and DJ Battles Herd aims to bring DJ battles into the blockchain world. It allows players to mix sound packs in real-time while competing against each other or AI opponents. These DJ battles are streamed live on Twitch, where users can earn rewards through active participation. The game heavily integrates NFTs, enabling artists to create and sell sound packs while earning royalties from both in-game purchases and secondary market sales. This system could create new and sustainable revenue streams for musicians and sound creators. https://t.co/cBAuyo8Rzy— Charles Hoskinson (@IOHK_Charles) October 13, 2024 Romain Pellerin, the CTO of Input Output, recently shared the ambitious proposal on social media. In response, Hoskinson posted a gif with the caption, “He’s gone mad with power,” humorously referencing the boldness of Aceituno’s vision for Herd. The light-hearted exchange highlighted the potential excitement surrounding this innovative project. Herd’s Dual-Token Economy and DAO Plans The game will operate using a dual-token economy. A stable utility token will be used for purchasing in-game assets and entering tournaments. Meanwhile, a governance token will allow players to vote on decisions regarding treasury allocation and future game development. Herd also plans to establish a Decentralized Autonomous Organization (DAO) in Japan.  Related article: Charles Hoskinson Surprised by Bitcoin-Cardano Bridge Development This DAO will manage intellectual property, oversee project development, and handle treasury operations, ensuring sustainability and rewards to creators. Moreover, the Herd project plans to partner with several community initiatives, including HOSKY Token and NMKR, to increase visibility and drive early adoption. It will also integrate with the Paima Engine to enable smooth blockchain interactions.  Herd’s NFT management will depend on Midnight’s technology, with the project set to launch once the Midnight mainnet goes live. However, if necessary, the team has a backup plan to launch on the Cardano mainnet.