The crypto market continued doing well on Saturday as investors focused on the ongoing negotiations between the United States and China in Switzerland. Bitcoin price remained above $103,000, while the market cap of all coins jumped to $3.2 trillion. This article provides the forecasts for some popular cryptocurrencies like Dogecoin (DOGE), IOTA (IOTA), Dogwifhat (WIF), and Shiba Inu (SHIB). Dogwifhat price analysis WIF price chart | Source: TradingView Dogwifhat, one of the top Solana meme coins, was one of the best-performing coins in the crypto market. It has jumped in the past five consecutive days, and is now sitting at its highest level since February 3. WIF has jumped by almost 200% from its lowest level this year. Dogwifhat price has soared above the 50-day and 100-day Exponential Moving Averages (EMA). It has also jumped above the important resistance level at $0.7865, the neckline of the inverse head and shoulders pattern. The MACD indicator has moved above the zero line, signaling that it has the momentum. Other oscillators, like the Relative Strength Index (RSI) and the Stochastic, have continued rising. Therefore, the WIF token price will likely continue rising as bulls target the key resistance at $1.500, up by 68% above the current level. IOTA price technical analysis IOTA price chart | Source: TradingView The IOTA token price has surged this month as investors cheer the recent Rebased upgrade, which introduced new features to the network. It made it more decentralized by turning into a delegated proof-of-stake network with over 150 validators. Rebased introduced other features like staking, over 50,000 transactions per second, and smart contracts. By introducing smart contracts, it became a viable competitor to popular chains like Solana and Ethereum . IOTA price has moved above the upper side of the falling wedge pattern that formed in the first quarter. A falling wedge pattern comprises of two descending and converging trendlines, and often leads to more gains. IOTA recently formed an inverse head and shoulders pattern, another popular bullish pattern in the market. Therefore, the path of the next resistance to watch is upwards, with the next key point to watch being at $0.50, which is up by 103% above the current level. Read more: Bitcoin price prediction: why the BTC surge may be just beginning Shiba Inu price analysis SHIB price chart | Source: TradingView Shiba Inu price continued its recovery on Saturday as Ethereum jumped above $2,500 for the first time since January. As an ERC 20 coin, its performance is affected by the performance, just as Dogwifhat does well when Solana is thriving. Shiba Inu price formed an inverse head and shoulders pattern recently, and has also crossed the 50-day moving average. Most importantly, it formed a giant double-bottom pattern at $0.00001082. This is one of the most bullish chart patterns in the market, especially now that the neckline is at $0.00003320. Therefore, the coin will likely continue rising, as bulls target $0.00003320, which is about 106% above the current level. A drop below the support at $0.00001082 will invalidate the bullish outlook. Dogecoin price technical analysis DOGE price chart | Source: TradingView Dogecoin price also continued rising this weekend, reaching a high of $0.25, the highest level since March 3 this year. It has jumped by 82% from the lowest level this year. The MACD indicator has moved above the zero line, while other oscillators like the RSI and the momentum have all pointed upwards. Therefore, the path of the least resistance for the DOGE price is bullish, with the next key point to watch being at $0.35, up by 50% above the current level. The post Top crypto price prediction: Dogecoin, IOTA, Dogwifhat, Shiba Inu appeared first on Invezz
