Cryptocurrency prices remained in a tight range on Monday, with Bitcoin continuing its consolidation around the key support at $60,000 and the market cap of all coins hovering at $2.06 trillion. The crypto fear and greed index was stuck at $46 while volume in exchanges has retreated. This article looks at three top coins like Bitcoin Dogs, Tron, and Akash Network.
Bitcoin Dogs price forecast
Bitcoin Dogs is a relatively new cryptocurrency that started trading earlier this month. In most cases, new cryptocurrencies tend to have some volatility as some of the pre-sale buyers exit their positions. They also drop as they move into a price-discovery phase.
Bitcoin Dogs had one of the most successful token sales of the year as the developers launched over $13 million from investors. Its main call-to-action was that it was the biggest Initial Coin Offering (ICO) on the Bitcoin network.
ODOG token dropped sharply, reaching a low of $0.0060 on Thursday. Fortunately, two main things have happened, which could push the highly undervalued Bitcoin Dogs token higher. First, it has had two consecutive days of bullish volume, meaning that buyers are starting to come back in.
Second, Bitcoin Dogs has formed a small doji candlestick pattern, which is characterized by a small body and upper and lower shadows. In most cases, this is one of the most popular reversal signs in the market. This reversal sign is usually confirmed when the doji is followed by a big bullish candle, which is what happened on Thursday.
Therefore, while it is too early to tell, there is a likelihood that this is the beginning of a new bull run. If it happens, the token will likely rise to the key resistance point at $0.050, 151% above the current level. You can learn more about Bitcoin Dogs here.
Tron price analysis
Tron has been one of the best-performing cryptocurrencies this week as it soared to a record high of $0.1690. This rally happened because of its strong fundamentals and the recent launch of SunPump, the meme coin generator on Tron.
Tron meme is about to explode soon. I saw a hater once predicted that Tron meme wouldn’t survive two weeks. Well, it’s been two weeks now. Then I saw him say：Nothing can stop Tron now. Is it still possible to join Tron in time?
— H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 29, 2024
On the daily chart, Tron has…