ETH, DOGE, HBAR: Key Levels to Watch Before the Next Big Move

NAIROBI (CoinChapter.com)— Ethereum (ETH), Dogecoin (DOGE), and Hedera (HBAR) are at crucial turning points in the market. ETH is battling to hold its support level, DOGE is nearing a potential breakout, and HBAR is riding on ETF optimism.

ETH Must Hold $2,600 to Avoid Collapse

Ethereum continues to hover around the $2,700 mark, struggling to break through resistance at $3,000. Crypto market analyst Ali Martinez has identified $2,600 as the crucial level ETH must hold. If the price falls below this point, Martinez warns that “altseason will be canceled.”

Ethereum Drops 6% – Can It Hold Key Support. Source | Ali Martinez

The recent Bybit hack, which saw hackers siphon off $1.4 billion in digital assets, hit ETH hardest. Yet, the price has held steady, a resilience that intrigues analysts. Daan Crypto Trades noted on X, “To see ETH at basically the same level as before a $1B+ hack is pretty interesting.” Theories abound: some entity might be buying back stolen ETH, or traders could be front-running such moves.

Source: Ted Pillows/X

Analyst Ted added that ETH’s 35% rebound from its post-hack low signals strength, despite a 500% surge in short positions over the past three months signaling bearish sentiment.

Source: Merlijn The Trader/X

Merlijn The Trader shared a three-week ETH chart showing a symmetrical triangle pattern nearing a breakout. If confirmed, ETH could launch into its “biggest bull run yet.” But Rekt Capital cautions that the broader altcoin market cap struggles to breach key resistance, suggesting ETH’s rally hinges on wider market momentum.

Dogecoin’s Next Move Hinges on Market Cycles

Dogecoin is nearing a critical moment in its price cycle, aligning with Bitcoin’s halving. Historically, DOGE has peaked 362 days after a halving event. If this pattern holds, the next major price movement could occur by April 16, 2025.

Dogecoin Mirrors Past Cycle. Source: X

DOGE is currently forming its fourth falling wedge, a pattern that previously resulted in gains of 88%, 208%, and 445%. Analysts expect another strong breakout if history repeats itself. However, Dogecoin’s price recently hit its lowest level in three weeks, trading around $0.225, with a 7% drop in the last 24 hours.

Dogecoin to $45 Prediction. Dima Potts

Market analyst Dima Potts has predicted a potential 19,533% increase in DOGE’s price if it follows its historical trend. Potts pointed to a “never miss zone” from which Dogecoin has historically rebounded, supporting the possibility of another explosive rally.

HBAR Eyes ETF-Driven Rally

Hedera’s native token, HBAR, surged as much as 6% after Nasdaq filed with the U.S. Securities and Exchange Commission (SEC) to list the Canary HBAR ETF. The filing follows a wave of institutional interest in altcoin ETFs, including Litecoin and XRP.

HBAR/USD 1-day price chart. Source: CoinMarketCap

However, HBAR’s gains were short-lived, and the asset has since retraced to $0.1937, marking a 5.63% decline in the past 24 hours. Trading volume, on the other hand, has surged 386% to $774.75 million, suggesting heightened investor activity.

The daily chart shows HBAR forming a descending triangle pattern, typically a bearish signal. The price is testing a crucial support zone near $0.19, a level that has held since December. If this support breaks, HBAR could decline toward $0.15, the next key demand area. However, a breakout above the descending trendline resistance could flip sentiment, potentially pushing HBAR back toward the $0.24-$0.30 range.

HBAR/USD 1-day price chart. Source: TradingView

The Relative Strength Index (RSI) is at 30.75, nearing oversold territory, suggesting a possible short-term rebound. Meanwhile, the MACD indicator remains in the red, signaling weak momentum. Bulls need to reclaim $0.20 quickly to avoid further downside, while ETF speculation remains a wildcard in shaping market direction.

Source: Eric Balchunas

Bloomberg analyst Eric Balchunas highlighted HBAR’s growing odds for ETF approval, noting that Litecoin’s (LTC) recent ETF filing progress could pave the way for other altcoins.

Source: Sijuul/X

Crypto analyst Sjuul from AltCryptoGems recommended patience, suggesting that HBAR’s true upside may come later.

Ethereum must defend $2,600 to keep altseason hopes alive, while Dogecoin’s historical cycles hint at a potential breakout in the coming months. Meanwhile, HBAR’s ETF filing could be a catalyst for institutional adoption.

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