Dogecoin (DOGE)
The popular meme cryptocurrency Dogecoin (DOGE) faces a significant obstacle at $0.087 on the weekly chart. This key level is marked by the convergence of the 0.786 Fibonacci level and the 100-week and 200-week exponential moving averages (EMA). However, if DOGE manages to overcome this hurdle, it could potentially double in price, reaching $0.14. Crypto analyst Ali Martinez shared these insights on November 28.
Currently, DOGE is priced at $0.0836, reflecting a 2.22% increase in the past 24 hours. Over the last seven days, it has seen an 8.09% rise, and its value has grown by 25.35% month-over-month as of December 1.
Cardano (ADA)
Cardano (ADA) is another cryptocurrency that may experience growth in the near future. Experts note that the current phase of ADA resembles its previous consolidation phase.
An analysis of the 4-hour chart reveals that the 100-EMA acts as a rebound zone for ADA, while the $0.396 level poses strong resistance. The TD Sequential indicator suggests a buy signal near the 100-EMA, indicating another potential rebound. However, it is important to monitor whether ADA closes above the $0.396 resistance or below the 100-EMA on a 4-hour candlestick to confirm its trend direction. Crypto analyst Martinez shared these observations on November 27.
Currently, ADA is trading at $0.38, experiencing a positive increase of 1.14% in the previous 24 hours. However, over the past seven days, it has lost -2.25%, despite gaining 30.79% in the last month.
Hedera (HBAR)
Hedera (HBAR) operates differently from traditional blockchains, using a method called a hashgraph instead of a blockchain. It has gained support from major players like Alphabet, Boeing, and IBM. Recently, Électricité de France, a leading global electricity producer and renewable energy producer in Europe, achieved a successful proof-of-concept (POC) using Hedera’s DLT and the Guardian platform. This project automates the issuance and redemption of Renewable Energy Certificates (RECs), signaling progress towards a more efficient and transparent renewable energy market. This milestone highlights Hedera’s growing support across various industries.
Currently priced at $0.06, HBAR has experienced a gain of 0.29% over the past 24 hours. However, it has seen a loss of -2.74% in the past seven days, despite gaining 17.28% over the month.
Hot Take: Promising Altcoins with Growth Potential
The mentioned altcoins—Dogecoin (DOGE), Cardano (ADA), and Hedera (HBAR)—show significant strength and potential for future price increases. Positive sentiment and associated developments contribute to their prospects. However, it is essential to conduct thorough research and risk analysis before making any investment decisions.
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