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Tag: Crypto Patel

  • What The Dogecoin Recovery From This Accumulation Zone Means For The Price

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    Dogecoin (DOGE) has recently seen a major recovery from a critical accumulation zone, which a crypto analyst believes could set the stage for a stronger rally to or above $1. The massive price surge comes after months of consistent declines, during which the dog-themed meme coin has failed to break through resistance amid volatility and persistent market sell-offs. 

    Dogecoin Rebounds 46% From Accumulation Zone

    Market analyst Crypto Patel has released a fresh evaluation of Dogecoin’s price behavior, pointing to a key accumulation zone that has sparked a notable recovery in the meme coin. The analyst highlighted a significant shift in Dogecoin’s momentum and price direction after it climbed roughly 46.94% from a strong support area and accumulation zone near $0.0375. The jump included a recent 8.57% daily increase, which propelled DOGE toward $0.113. 

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    Crypto Patel has said that short-term traders can consider taking profits at current high levels. In contrast, long-term traders are encouraged to view any decline from $0.113 to the $0.06 to $0.08 range as a gradual accumulation opportunity, with expectations that the meme coin’s next bullish targets will extend to $1 and $2. 

    The accumulation zone, marked in green on the analyst’s chart, represents a multi-year base that has held since earlier cycles, with the Dogecoin price respecting it as a higher-timeframe support. Crypto Patel noted that DOGE previously recorded two major breakouts before reaching this zone. The first breakout occurred at the lower boundary of a descending channel between points 1 and 2 on the chart, followed by a second breakout from a later consolidation phase that pushed prices higher.

    Source: Chart from Crypto Patel on X

    After these moves, Dogecoin’s price pulled back and retested key levels before settling into the current accumulation zone. The meme coin is now showing renewed bullish momentum after months of decline, with price action pointing toward a move to higher levels. 

    Fibonacci extensions and measured move projections further indicate the likelihood of a significant upside, with one target on the chart pointing to $0.567, representing a potential 409% rally. Another target suggests an even higher price increase toward $2 and possibly $4 if bullish momentum persists. 

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    Although Dogecoin recovered to $0.11, its price has since declined to $0.10. CoinMarketCap’s daily chart shows that DOGE has declined by more than 11% over the past 24 hours. 

    Analyst Highlights Possible Invalidation Level 

    In his chart, Crypto Patel highlighted a potential invalidation area, warning that if it is crossed, Dogecoin could pull back and resume its previous downtrend. The invalidation level sits near $0.056, just below the accumulation zone. The analyst noted earlier that despite the recent recovery, the DOGE price could still revisit the $0.06 range, suggesting that a weekly close below this area could weaken the meme coin’s broader macro bullish structure.

    Dogecoin
    DOGE trading at $0.10 on the 1D chart | Source: DOGEUSDT on Tradingview.com

    Featured Image from Pixabay, chart from Tradingview.com

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    Sandra White

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  • SUI At The Smart Money Zone: Big Moves Brewing Above $2

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    SUI is approaching a critical smart money zone, with price action signaling that big moves could be on the horizon. Sustained trading above $2 may trigger a breakout, setting the stage for the next significant leg higher.

    SUI Reaches Stage For Major Money Entry

    Crypto analyst Crypto Patel, in a recent post, highlighted that SUI is at the same stage where big money typically enters the market, urging traders not to miss this opportunity. According to the weekly chart, the long-term ascending channel remains intact, and price is currently trading near a sell-side liquidity grab close to trendline support, signaling potential accumulation.

    Related Reading: SUI Reclaims Key Support With Strength — Is $2.35 The Next Target?

    The chart also shows strong weekly demand and a bullish order block between $1.15 and $0.80, indicating that the market structure is poised to turn super bullish if SUI clears higher-timeframe resistance. The current compression phase is a classic setup for expansion, meaning the market is preparing for a potential breakout.

    Source: Chart from Crypto Patel on X

    Crypto Patel emphasized that smart money tends to buy during compression, while retail often enters after confirmation of the move. If the breakout confirms, projected targets for SUI are $5, $10, and $20, illustrating the potential scale of the next trend. As Crypto Patel puts it, “This is how big trends are built, slowly, then suddenly. Liquidity is cleared, demand is active, and patience gets rewarded.”

    Price Trading Around $1.28

    Altcoinpedia outlined that SUI is currently trading around $1.28, which serves as the anchor for near-term market analysis. The price structure indicates ongoing consolidation above support near $1.50, while resistance is observed around $2.00. This setup reflects a tightening range as buyers and sellers balance, suggesting that a decisive move could be approaching.

    Related Reading: Sui Restores Service After Major 6-Hour Outage Shook Network

    Price oscillation within this range highlights that sustained volume expansion above $2.00 could drive the next leg of the trend toward $2.50. Conversely, failure to break this resistance, particularly with shrinking volume, increases the likelihood of a retest of support at $1.50. Should that level fail to hold, price could decline further toward $1.20.

    Momentum currently resides in a neutral state, reflecting indecision in the market. In a bullish scenario, a clean break above $2.00, confirmed by momentum indicators, would signal trend continuation. On the downside, a breach of support under heavy volume could accelerate selling pressure and confirm a bearish scenario.

    Traders are advised to use key range boundaries for entries and exits, managing risk around both support and resistance levels. For longer-term investors, it is prudent to wait for a decisive breakout from the current consolidation, which would provide a clearer signal for trend direction and reduce the risk of false moves within the neutral range.

    SUI
    SUI trading at $1.22 on the 1D chart | Source: SUIUSDT on Tradingview.com

    Featured image from Medium, chart from Tradingview.com

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    Godspower Owie

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  • SUI Reclaims Smart Money Zone, While Weekly Structure Signals Big Move Ahead

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    SUI is showing early signs of a meaningful shift in momentum after reclaiming a key smart money accumulation zone on the weekly chart. Following a deep corrective phase, the price structure is beginning to stabilize, suggesting that patient buyers may be positioning for the next major move. With higher-timeframe support holding and a bullish structure gradually rebuilding, the setup hints that a larger expansion could be brewing.

    Defending Weekly Accumulation After Deep 2024 Correction

    Crypto analyst Crypto Patel, in a post shared on X, highlighted that SUI continues to hold a high-timeframe accumulation zone on the weekly chart following a deep correction from its 2024 highs. According to the analysis, the broader market structure now points toward a re-accumulation phase with smart money participation.

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    From a technical standpoint, several constructive signals stand out. The liquidity sweep at the lows has already been completed, while a strong weekly bullish order block between $1.50 and $1.30 has been fully filled. Also, the fair value gap overlaps with a demand zone. Since reacting from this region, SUI has already delivered a bounce of roughly 45%, indicating growing bullish responsiveness.

    Source: Chart from Crypto Patel on X

    The structure remains technically healthy, with price action respecting a rising channel and the high-timeframe bias gradually shifting back toward the upside. These developments suggest that the corrective phase may be maturing, allowing for a more sustained recovery if current conditions persist.

    Looking ahead, Crypto Patel outlined ambitious upside targets at $5, $10, and $20, contingent on the broader bullish structure remaining intact. As long as SUI/USDT holds above the $1.20 level, the macro bullish thesis remains valid.

    The analyst also noted that the optimal entry zone, previously shared around $1.50–$1.30, had already played out, delivering close to 50% gains on a short-term swing. Overall, this remains a patience-driven weekly setup with attractive risk-to-reward for both spot and swing traders, but invalidation could occur on a weekly close below $1.20.

    SUI Respects Structure After Completing HTF Correction

    Sui Community outlined that the recent price action is far from random and continues to respect a clear structural framework. Following a complete high-timeframe correction, SUI has transitioned into a re-accumulation phase, with price stabilizing inside a well-defined weekly demand zone.

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    This zone is where smart money participation has become evident, signaling renewed confidence after the corrective move. The community also made reference to the same $1.30 and $1.50 entry zone as Crypto Patel, which has since been filled and validated, delivering gains of roughly 50%.

    At this stage, the outlook shifts into a patience-based weekly play with an asymmetric risk-to-reward profile. As long as the broader structure holds, the long-term upside targets remain firmly in focus at $5, $10, and $20.

    SUI
    SUI trading at $1.7 on the 1D chart | Source: SUIUSDT on Tradingview.com

    Featured image from Freepik, chart from Tradingview.com

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    Godspower Owie

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