
Dogecoin Gears Up for Breakout
$DOGE Could Be Entering Its Next Parabolic Wave
Dogecoin ($DOGE), the market’s favorite meme coin, appears to be preparing for a major move. After months of consolidation between $0.20 and $0.25, the chart is now showing signs of strength as DOGE pushes past resistance and builds momentum. Traders are eyeing this setup as the start of a potential parabolic rally.
Technical Setup Points to Strength
The daily chart reveals a clear rounding bottom pattern, often considered a bullish signal. With the latest breakout above the $0.25 level, DOGE has entered a zone where momentum could accelerate rapidly. If price continues to hold above this threshold, analysts believe the next upside target lies between $0.33 and $0.35, with extended potential toward $0.50 in the coming weeks.
The plan is simple: patience and discipline. As highlighted in the chart notes, “Stick to the plan, don’t chase red and green.” This approach reflects the importance of avoiding emotional trades and waiting for the trend to unfold.
Catalysts for the Move
Several factors are fueling optimism around Dogecoin:
Growing anticipation of a DOGE spot ETF could bring institutional inflows.
Whales and retail investors are showing renewed accumulation.
Broader crypto sentiment is turning bullish as Bitcoin consolidates, often sparking rotations into altcoins like DOGE.
Risks to Watch
While the setup is bullish, traders must remain cautious. Failure to hold above $0.25 could send DOGE back toward support levels near $0.21–$0.22. Volatility is expected, and risk management will be key.
The Final Word
Every cycle brings a moment where altcoins shine. This time, Dogecoin looks ready to lead the charge. If the breakout confirms, $DOGE could deliver one of its strongest rallies yet.
Crypto Today: Bitcoin holds $115,000 amid steady accumulation, Ethereum and XRP hold gains
Bitcoin rises above $116,000, supported by demand from whales holding between 100 and 1,000 BTC, but then retreats slightly.
Ethereum extends its recovery above $4,500 amid steady ETF inflows.
XRP breaks above a three-month descending trendline resistance, affirming the recovery potential toward its $3.66 record high.
Bitcoin (BTC) hovers around the $115,000 level on Wednesday after surging above $116,000 earlier in the day amid rising risk-on sentiment in the broader cryptocurrency market. Ethereum (ETH), the largest smart contract token, on the other hand, has extended its recovery above $4,500 as bulls target its record high of $4,956 reached on August 24.
Interest in Ripple (XRP) remains steady, allowing bulls to push for gains above the $3.00 critical level, while aiming for a breakout toward the $3.66 all-time high reached on July 18.
Bitcoin wallets holding between 100 and 1,000 BTC are steadily accumulating, adding more than 65,000 BTC in the past seven days, bringing the cohort's total holdings to 3.65 million BTC. According to XWIN Research Japan's post on CryptoQuant, demand for Bitcoin has picked up pace, with the price hovering around $112,000.
"Exchange Netflow data provides additional evidence. Net outflows—BTC withdrawn from exchanges – have dominated recently, signaling that investors are moving coins into cold storage rather than keeping them liquid for trading," XWIN Research Japan' highlighted.
If this trend remains intact, it could create a supply squeeze – the recipe for higher prices. Still, short-term corrections can be expected, especially if derivatives leverage overheats.
Apart from large volume holders, demand for Bitcoin spot Exchange Traded Funds (ETFs) in the United States (US) has surged this week, totaling $1.7 billion so far. According to SoSoValue data, inflows into all 12 BTC ETFs totaled $553 million on Thursday.
As risk-on sentiment improves ahead of the Federal Reserve's (Fed) interest-rate decision next week, demand for Bitcoin and related financial products has the potential to grow, steadying the uptrend toward the psychological $120,000 level.
Ethereum spot ETFs in the US have now experienced their third consecutive day of inflows, following six days of outflows, which reflects a significant shift in sentiment. The chart below shows that ETH ETFs saw $113 million in total daily inflows on Thursday, bringing the cumulative net inflow to $12.96 billion and the total net assets to $28.51 billion.
Meanwhile, retail interest in XRP remains relatively high compared to last week. CoinGlass data shows the XRP futures Open Interest (OI) averaging $8.51 billion on Thursday, up from $7.37 billion on Sunday.
The rising OI trend suggests that investors bet in XRP's ability to sustain its recovery to the record high of $3.66 reached on July 18.
Chart of the day: Can Bitcoin sustain uptrend toward $120,000?
Bitcoin holds slightly above $115,000 after correcting from an intraday high of $116,663.7. The largest cryptocurrency by market capitalization has, in the last two weeks, flipped several key levels into support, including the 100-day Exponential Moving Average (EMA) at $111,034.6, the 50-day EMA at $113,161 and the round-number level at $114,500, underscoring positive market sentiment.
The Moving Average Convergence Divergence (MACD) indicator reinforces the bullish outlook with a buy signal that has been sustained since Sunday on the daily chart, while the Relative Strength Index (RSI) position at 57 indicates steady bullish momentum.
Traders will look for a daily close above $116,000 to ascertain the strength of the uptrend toward the $120,000 level. Still, market participants should be cautious as the RSI shows signs of declining toward the 50 midline, which could mean a reduction in buying pressure .
Altcoins update: Ethereum, XRP uphold recovery
Ethereum price holds above $4,500 at the time of writing on Friday. Its short-term outlook is bullish, supported by a steadily rising RSI at 58 on the daily chart. Higher RSI readings toward overbought territory suggest that mean buying pressure is increasing in support of the uptrend, eyeing a breakout to the $4,956 all-time high.
Traders will consider increasing exposure if the blue MACD line crosses above the red signal line. A buy signal encourages investors to position themselves ahead of a potential price increase.
If short-term profit-taking takes centre stage, a reversal could ensue as Ethereum trims recent gains. The 50-day EMA at $4,132.67 and the 100-day EMA at $3,683.84 are in line to provide support.
As for XRP, the path of least resistance appears to be upward, bolstered by a break above a three-month descending trendline on the daily chart. The cross-border money remittance token also holds above its key moving averages, including the 50-day EMA at $2.925, the 100-day EMA $2.798 and the 200-day EMA at $2.55, affirming bullish sentiment in crypto markets.
With the MACD sustaining a buy signal from Monday, also on the daily chart, XRP has the potential to steady the recovery toward resistance at $3.35, which was previously tested in mid-August. An extended break would likely drive XRP closer to its record high of $3.66.
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Price Predictions for $SWTCH: What Lies Ahead for Switchboard’s Token
Understanding $SWTCH
Switchboard provides oracle infrastructure that connects smart contracts to real-world data — price feeds, IoT inputs, weather data, and other off-chain sources. The native token, $SWTCH, is used for staking by oracle operators, slashing for misbehavior, compensating data feed providers, and governance participation.
Market Snapshot
At $0.09 today, $SWTCH sits close to near-term support levels established after its initial market moves. Circulating supply is smaller than maximum supply, which means future token unlocks and vesting schedules are important variables for price pressure.
Key Growth Drivers
1. Rising demand for reliable data feeds — As decentralized apps expand across finance, gaming, insurance, and real-world integrations, demand for trustworthy oracle services grows.
2. Governance activation — A functioning governance system tends to increase token utility and holder engagement.
3. Broader integrations — More projects using the protocol’s feeds increases on-chain usage and demand for token staking/payment.
4. Sound tokenomics — Staggered vesting, staking rewards, and lockup mechanisms that encourage holding reduce sell pressure.
Main Risks
1. Token unlocks and dilution — Scheduled unlocks from team or contributor allocations can increase supply and produce downward pressure if not absorbed by demand.
2. Competition — The oracle field is competitive; differentiation in reliability, cost, and developer experience matters.
3. Market volatility — Macro conditions and crypto cycles can amplify downside risk.
4. Low liquidity & speculative spikes — Thin liquidity can cause sharp price swings; hype-driven rallies frequently correct quickly.
Scenario-Based Price Projections
Below are plausible ranges assuming the project executes reasonably well, but also showing conservative and highly optimistic paths. All ranges assume the current price anchor of $0.09.
Horizon Conservative Bullish Highly Bullish
Short (3–6 mo) $0.07 – $0.14 $0.18 – $0.25 $0.30 (brief spikes)
Medium (1–2 yr) $0.18 – $0.40 $0.50 – $0.80 $1.00 – $1.50
Long (3–5 yr) $0.50 – $1.00 $1.50 – $3.00 $5+ (market-leading adoption)
Conservative assumes modest uptake and some sell-pressure from unlocks.
Bullish assumes steady adoption, good tokenomics, and healthy governance participation.
Highly bullish assumes the protocol becomes a major oracle hub with broad cross-ecosystem usage.
Catalysts & Red Flags to Watch
Catalysts:
Growth in active oracles and number of feeds.
Meaningful governance milestones and high voter participation.
Measurable increases in staking participation and on-chain usage.
Red flags:
Large token unlocks with immediate selling.
Falling active-feed or oracle metrics.
Increasing concentration of tokens in a few wallets plus sudden transfers.
My Take — Likely Path
With $SWTCH at $0.09 today, the most likely short-term path is modest consolidation with periodic volatility around unlock events or news. If usage and staking metrics grow steadily and vesting is managed responsibly, medium-term upside toward sub-$1 levels is plausible. Reaching multi-dollar valuations requires major adoption, clear differentiation, and favorable macro conditions.
Practical Advice
Monitor token unlocks and on-chain usage metrics closely.
Size positions according to risk tolerance — consider staggered entry to manage volatility.
Combine fundamental monitoring (adoption, governance, unlocks) with technical supports/resistances before making trades.