Ethereum and Dogecoin are slated for $ 50,000 bitcoin
Ethereum Seeks To Climb Above $ 3500 To Confirm A Rise To $ 3600 And Then $ 4000.
Dogecoin is also heading towards $ 0.25, but the coin needs to stay above its 100-day SMA to avoid a potential correction and keep the uptrend intact.
Crypto Assets Show Recovery This Week That Was Outlined Last Week. Bitcoin is now preparing to take the $ 50,000 resistance by storm, after which, perhaps, quickly close the gap to $ 55,000, which will give impetus to the entire crypto market.
Ethereum
After Ethereum hit $ 3,500 barrier on Sunday, altcoin price holds above 50-day simple moving average (SMA).
Bulls are currently focused on fixing above the short-term barrier at $ 3,400, trading around $ 3,414. To extend the uptrend in Ether to $ 3600, and then $ 4000, you first need to make a profit above $ 3500.
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The technical picture remains optimistic, facilitated by a buy signal for the Moving Average Convergence Divergence (MACD) indicator on the daily chart. The rise to $ 3,600 is likely to be confirmed if the MACD crosses the center line soon.
Dogecoin
Looks like Dogecoin came out of hibernation and headed towards $ 0.25. Meme-based token climbed above $ 0.22 last week but lost momentum, forcing bulls to seek refuge around $ 0.21.
Nevertheless, during the American session on Monday, DOGE recovered its positive dynamics, which led to an increase to $ 0.25. Dogecoin is currently hovering at $ 0.24 after deviating from the $ 0.25 level.
Buyers must hold the coin above 100 days to avoid losses to $ 0.22 and key demand zone at $ 0.2. Daily close above $ 0.25 could keep the uptrend intact.
MACD shows a minor buy signal, see. chart above. Perhaps moving above the midline will give confidence to optimistic forecasts.