Technical analysis of cryptocurrencies indicates a potential 53% rise in DOGE, while TRON faces key resistance levels and might undergo a correction. A new market entrant, FXGuys, is also garnering attention.
DOGE Price May Rise by 53%
According to popular analyst CobraVanguard on TradingView, DOGE shows potential for growth on the daily timeframe, being in an ascending triangle within a falling wedge. This pattern was observed after a local peak on March 28, 2024, at around US$0.22737. The analyst noted: 'As you can see, DOGE has created an ascending triangle and is also in a falling wedge. This means that if DOGE breaks the upper boundary of both patterns, the price could reach the target (AB=CD)'.
Correction in TRON
Analyzing TRON, analyst AlanSantana on TradingView noticed a correction pattern on the weekly timeframe. In his analysis he stated: 'TRON is in a correction, which also affects other cryptocurrencies. The correction is not over yet, but it is approaching its end'. He explained that an irregular correction is being observed, where the second wave (B) reaches a higher peak compared to the end of the previous bullish wave.
New Player in the Market - FXGuys
A new market entrant, FXGuys, is currently in the presale phase of its token, FXG. FXGuys is a decentralized broker engaged in proprietary trading, providing access to trading various assets, including cryptocurrencies and forex. Proprietary trading means that the company uses its own funds for trading to generate profit.
Analysis shows that DOGE may continue to grow if it breaks certain resistance levels, while TRON is in a correction phase. A new player, FXGuys, has also entered the market, offering unique opportunities in proprietary trading.
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