DOGE
The price of DOGE surged significantly at the start of trading in 2024, increasing by over 150% after more than a month of horizontal consolidation. Interestingly, the token is repeating the same pattern, so concerns about a 40% pullback are troubling the rise of DOGE. The price is currently trapped in an ascending triangle after rising from a long-term consolidation, similar to before, and is about to test the ascending trend line.
Currently, the price increase of Dogecoin has entered a decisive stage, and here are our expectations for the price increase of Dogecoin in 2025.
As mentioned earlier, the token is approaching what appears to be a quite decisive key level. The price has not yet broken through the ascending trend line, which has been a strong support, thus maintaining the possibility of a healthy upward movement. If this trade materializes, the price is expected to trade along the ascending trend line, reach a peak, and then break through the important resistance level of $0.7.
FTM
The price of FTM is about to test the average band of the ascending parallel channel, having previously encountered rejection at a mid-term high of $1.44. While market participants may expect a rebound, the bears seem to be preparing for a broader correction. On the other hand, the token is about to experience its first golden cross within the weekly timeframe. Therefore, as the price continues to face sufficient bearish pressure, the token remains in a decisive stage.
The weekly MACD shows a decrease in buying pressure, while the level is about to experience a bearish crossover. This indicates a potential pullback to a temporary support level slightly below $0.8, which may temporarily delay the golden cross. After selling pressure has exhausted, the price may trigger a rebound and advance towards the upper resistance level. However, a breakout of the channel will only occur if the bulls manage to exert enough pressure on the token; otherwise, the price may remain in consolidation within the range, prolonging the price movement.
AVAX
After a pullback from the high of $140 for AVAX, it has remained in a decisive stage. Meanwhile, the bulls have managed to keep the upward momentum above the key support level, so the token is nearing the end of its consolidation. Now, the token has entered the final phase of 2025, where a significant market trend shift may occur.
The AVAX price failed to break through the resistance level of a decisive triangle, but after a slight pullback, the price triggered a rebound. Additionally, the weekly Gaussian channel has turned bullish after a slight bearish trend. Therefore, the AVAX price may maintain an upward consolidation and break through the upper resistance level. This is mainly because the RSI has been trading within the recovery curve and has not yet reached its upper limit. Thus, the price is expected to rise in the first half of 2025, reaching levels above $160 to $170.