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Dogecoin (DOGE) prices surged by over 17% in the past week, in line with a 
bullish altcoin performance, pushing the total crypto market cap to $4 
trillion. The prominent altcoin is now facing major resistance at the $0.25 
price level, the result of which bears significant implications for the 
current positive momentum. Popular market analyst Ali Martinez has weighed in 
on this situation, highlighting a chart pattern that favours a massive price 
breakout in the DOGE market. Related Reading: Dogecoin Price Prediction: 
Expect 60% Liftoff If This Channel Breaks: Analyst Double Bottom Formation 
Tips DOGE For 82% Rally In an X post on July 18, Ali Martinez presented a 
bullish technical analysis of the DOGE daily chart, hinting that the altcoin 
holds significant potential for a sustained rally in the short term. 
Martinez&#8217;s post shows that DOGE price movement over the six months has carved 
a textbook double bottom pattern, i.e., a technical setup that typically 
signals a positive trend reversal. The double bottom pattern is a classic 
bullish formation, featuring two roughly equal lows separated by a peak, i.e, 
the neckline in between. In the chart above, this pattern is noticed with DOGE 
forming lows near $0.13–$0.15 in April and June, separated by a rally toward 
$0.25 in May, representing the pattern’s neckline. Notably, the crypto market 
surge over the last month has pushed DOGE towards $0.24 again, thereby 
completing the W shape of the double bottom pattern. However, to validate the 
bullish potential of this chart pattern, market bulls must hold a decisive 
breakout above $0.25 resistance, which will typically be interpreted as a 
strong buy signal, projecting further gains ahead. This is a highly possible 
scenario as the steep recovery from the June lows shows increasing bullish 
momentum with buyers stepping in with higher volume, pushing price action 
upward in a nearly uninterrupted fashion. According to Ali Martinez, a 
successful clearance of the $0.25 neckline paves DOGE&#8217;s way for a rally to 
$0.42, hinting at a potential 82.3% gain on present market prices. On the 
other hand, another consecutive rejection around $0.25 price region would dent 
the current bullish momentum and possibly initiate a return to support levels 
around the $0.13–$0.15 region. Related Reading: Ethereum Road To $10,000: 
Replay Of May’s Playbook Predicts Another Breakout DOGE Price Overview At the 
time of writing, DOGE trades at $0.25 following a 7.84% increase in the past 
24 hours. Meanwhile, the asset&#8217;s daily trading volume is up by 108.5% 
suggesting suggesting a surge in market participation and growing bullish 
momentum, as traders continuously position themselves for a prolonged uptrend. 
With a market cap of $34.95 billion, DOGE retains its position as the ninth- 
largest cryptocurrency and largest memecoin in the world. Featured image from 
Unsplash, chart from Tradingview

DOGE Bullish Pattern Points To $0.42 Target – Analyst

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A new technical analysis by market expert Austin Hilton points to the 
potential for an explosive surge that could drive XRP to insane price levels. 
These bullish projections come as XRP hits price levels not seen in the past 
seven years. The analysis also outlines how the cryptocurrency could perform 
through the end of July and what targets it might hit by year-end. XRP On 
Track To $5 By End Of July In one of his latest video analyses on X (formerly 
Twitter), Hilton shared his outlook on where XRP could be heading in the next 
few weeks. The analyst pointed out that the cryptocurrency’s price trajectory 
has already accelerated significantly since breaking above the $3.5 level 
earlier this week. Over the past 24 days, XRP has also posted an impressive 
77% gain, further fueling bullish sentiment. Related Reading: XRP MVRV Ratio 
Flashes Signal That Last Led To 630% Surge Thanks to its strong price 
performance these past few days, Hilton notes that XRP is now less than 10% 
away from reclaiming its all-time high of $3.84, set almost eight years ago. 
He emphasized that the popular altcoin is currently exceeding expectations, 
with its price surging well ahead of schedule. With bullish momentum showing 
no signs of slowing down, the analyst predicts that XRP could reach $5 by the 
end of July. He attributes this potential upswing to strong liquidity flowing 
across the broader market, combined with rising demand and sustained bullish 
sentiment as the market enters a new phase of its cycle. Backing his forecast, 
Hilton mentioned the recent surge in XRP capital inflows. He noted that the 
cryptocurrency’s market value has surged from around $140 &#8211; $150 billion to 
over $207 billion in just one week. He further credited this influx of capital 
to growing institutional interest, compounded by Fear Of Missing Out (FOMO), 
driving fresh entries into the market. Year-End Forecast Sees XRP Gunning For 
$20 Looking further out, Hilton has revised his end-of-year projection, citing 
the ongoing strength of XRP’s rally and improving market fundamentals. 
Initially, when XRP was trading within the $2 range, the analyst had projected 
a conservative year-end target between $5 and $10, even describing the lower 
end of that range as extremely modest. However, with the altcoin‘s price now 
solidly sitting above $3, he sees the potential for a more aggressive push in 
the months ahead. His updated outlook includes a baseline target of $10, which 
he now views as the low end of his bullish possibilities. On the higher end, 
he sees $15 as a realistic stretch target, and a run to $20 as a possible 
explosive climax before the year ends. Related Reading: XRP Open Interest Just 
Hit A Fresh ATH Above $10 Billion, Will Price Follow Next? Several factors 
have been suggested as potential catalysts for this optimistic prediction, 
including XRP’s rising market capitalization, anticipation of a potential XRP 
ETF, and the long-awaited resolution and settlement of the Ripple-SEC lawsuit. 
Hilton has suggested all these factors are aligning to place XRP in a prime 
position for an explosive rally this year. Featured image from Pexels, chart 
from TradingView