Price Analysis

Dogecoin Price Soon to Enter Top 10, Will Polkadot Make an Exit?

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Aug 10, 2022

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Dogecoin (DOGE) price in recent times has made a significant upswing without much noise, but still, the target remains distinct. On the other hand, Polkadot(DOT) price faced a massive rejection while on its way to hitting $10. Therefore, the current descending trend could impact the DOGE & DOT prices which may further decide their stand within the top 10 crypto list. 

Dogecoin(DOGE) Price Analysis

DOGE price is appearing pretty bullish at the press time as the asset is expected to undergo a steep price movement in the next 24 to 48 hours. The price is approaching the apex of the consolidation, where-in a breakout may lead the price to break out from the accumulation and attempt to eliminate a zero from its value. 

dot

The DOGE price as mentioned is trading within an ascending triangle and by forming constantly higher highs and lows ranging towards the apex. The recent rejection led the price to drop to the lower support from where a bounce is expected to uplift the price back towards the resistance zone between $0.074 to $0.076.

 It is mandatory for the DOGE price to test and clear from this zone to lay down a strong bullish trajectory ahead. 

Polkadot (DOT) Price Analysis

Polkadot price, on the other hand, is maintaining its bullish swing and despite a pullback, the asset is expected to maintain a firm uptrend. The asset had rejected the lower support during July-end but since the beginning of August, the DOT price remains poised to achieve the $10 target at the earliest. 

doge

The DOT price is trading within an ascending parallel channel and despite a break-down managed to regain strength and raised to hit levels close to $10. Woefully, the price faced a couple of rejections at $9.31, and hence it is now very crucial for the asset to clear this resistance. Once the DOT price secures levels above $9.5, the probability of achieving a 2-digit figure may rise to test the crucial resistance at $11.86.

Collectively, Dogecoin’s price is thriving hard to enter the top 10 while a minor mistake may drag polkadot out. As the market cap of DOGE is around $9 billion and of DOT is $9.5 billion, the next leg up may decide the top 10th crypto asset in the coming days. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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