Crypto price prediction for BNB (BNB) and Dogecoin (DOGE)

• Cryptocurrencies traded largely lower today, with Bitcoin dipping to below $29k.
• BNB moved above XRP although bulls need to keep prices above $330 to keep bears at bay, otherwise it could dump to $220 or lower.
• Dogecoin spiked as Twitter rebranded to X. Can DOGE go higher?

Crypto news today has been dominated by headlines around the launch of Worldcoin (WLD) token and Elon Musk’s Twitter rebrand to X. Meanwhile, the broader crypto market has continued to see a slump for major altcoins, with Bitcoin hovering just above $29k following further weakness on Monday.

While analysts have outlined a potential upward flip after recent consolidation, regulatory uncertainty remains a big negative trigger. Also key this week could be the overall investor reaction to the Federal Reserve’s policy decision after their two-day meeting.

So, with these factors in perspective, what’s the price outlook for BNB and Dogecoin?

BNB price outlook: $330 key support level

BNB, the native coin of the Binance ecosystem, has overtaken XRP as the fourth largest crypto asset by market cap after the Ripple token slumped 6% on Monday. However, BNB price is also down (currently 2%) and trades below its 20-day EMA.

DOGE price outlook: Another push related to X?

Dogecoin (DOGE) price was an outlier of sorts today in the crypto markets. While all major altcoins dipped, the OG meme coin spiked by more than 6% to break above $0.075. 

As Elon Musk revealed Twitter’s rebranding to X, he put the DOGE symbol next to the X logo. 

$DOGE up almost 10% as Elon Musk adds Doge logo to his profile location pic.twitter.com/vDYn4KPzq3

— Dan Gambardello (@cryptorecruitr) July 24, 2023

Bulls took cue to push the coin higher and have succeeded in keeping it above the 20-day and 50-day EMA. 

This suggests…