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Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

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Dogecoin’s Long Wick Supports $1 Rally, Can This DeFi Coin Mirror Ripple’s Ascent To $1?

February 6, 2025 By CryptoReporter

Dogecoin (DOGE) has captured the attention of investors with its long wick formation on the daily chart. Tardigrade forecasts this wick could trigger an upsurge to $1. Meanwhile, IntelMarkets (INTL) has emerged as the best crypto to buy now.

The next-generation altcoin has captivated the attention of the crypto community with its bullish price growth of over 810%. The platform has several features such as trading bots and real-time data analysis that make it a good DeFi project. Given its low market cap and crypto ICO success, IntelMarkets could be the next crypto to rally to $1 Iike Ripple (XRP) in Q4 2024.

Dogecoin (DOGE) Produces Long Wick on 1D Chart

Trader Tardigrade, a top analyst, believes the Dogecoin crypto still has the potential for a massive rally. According to him, Dogecoin (DOGE) has produced a long wick on the daily chart. The analyst noted that this same long wick occurred in late 2024 before the Dogecoin price rallied to $0.47.

Trader Tardigrade forecasts the value of this memecoin might pump to $1.10 in the coming months. Javon Marks, another analyst says the Dogecoin crypto price might skyrocket to $0.6533 after a major breakout response. If this happens, Javon expects another rally to $1.25111 in the subsequent days.

In the meantime, the Dogecoin price is trading between $0.2237 and $0.3398 in the weekly timeframe. CoinMarketCap data indicates its value has declined by 18.6%. The cryptocurrency is currently attempting to reclaim the $0.4 level after a recent downtrend on Monday.

Ripple (XRP) Could See Massive Breakout To $5, Says Analyst

Tahseen Ahmed, a crypto enthusiast, says the value of Ripple (XRP) might break out of its current bearish trend in the next 6 or 8 days. He advised Ripple coin holders to remain optimistic and not sell out due to the recent correction.

While advising investors to increase their holdings, Tahseen forecasts the Ripple price might pump to $5 in the next week. Alex Clay, in another tweet, had said the value of the Ripple token might pump to $6.

They argued that XRP has been trading below a multi-year ascending resistance. Crossing this level could push the altcoin price to $6. Right now, interest in Ripple is still high. Technical indicators like the Stochastic Fast (14) and Williams Percent Range (14) are in the buying territory.

Meanwhile, data from CoinMarketCap indicates the XRP price has dropped by 18.1% in the weekly timeframe. The bearish sentiment in the general market has affected the altcoin’s price trajectory.

IntelMarkets (INTL) Taps Into AI Technology AI bots

IntelMarkets (INTL) is a new-generation crypto trading platform that offers AI trading bots for trading in the crypto market, thus making complex algorithms available to everyone. These auto-trading robots process large amounts of market data in real time, allowing the user to trade profitably without the need for prior market experience.

This feature is useful for new users because it makes trading easier and requires less time to master. One of the distinctive features of IntelMarkets is the availability of leverage up to 1000:1, which enables traders to increase their market exposure and potential earnings.

This high-leverage option can be used for short-term scalping and for achieving the maximum long-term portfolio returns. At the moment IntelMarkets’ INTL token is trading at $0.082455. The presale has already attracted over $8 million in early investment, which indicates that investors have confidence in the platform’s unique approach to trading in cryptocurrencies.

With the help of AI trading bots and high leverage IntelMarkets could change the crypto trading industry. Its tools can help new and experienced traders to make better decisions.

Which Altcoin Might Hit $1 First?

While Dogecoin (DOGE) is aiming for a rally, IntelMarkets is showing potential for more growth. It has raised over $8 million in funding and could continue to welcome more users as the hype around AI technology continues to grow. Its low market cap and unique features make it a better crypto to hit $1 before Dogecoin.

For more information about IntelMarkets (INTL) visit the links below:

Presale: https://intelmarkets.io/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: General News, News

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