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Bitcoin Cash, Dash, and Dogecoin price analysis: July 06

Akash Girimath

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Bitcoin Cash, Dash, and Dogecoin price analysis: July 06
Source: Unsplash

Among Bitcoin Cash, Dogecoin, and Dash, Dogecoin seems to be the most bullish coin.

Bitcoin Cash

BCHUSD TradingView

The fork of Bitcoin and a competitor of Bitcoin SV, has seen a good surge of 4.74% in the last 12 hours, with the price trading at $228.37. The coin has a total market cap of $4.1 billion making it the fourth-largest cryptocurrency. Even with the recent surge, the coin has still yet to break-even on a 24-hour time frame.

However, the recent surge has caused the price to break out of its routine sideways movement and surge past it. The targets include $228 and $241, at a 2.8% and 5.7% surge from the current price level.

Dash

DASHUSD TradingView

Dash, unlike BCH or Dogecoin, is yet to break out of the symmetrical triangle pattern, which has a few more bounces left. With RSI surging quickly above 50-zone, things look bullish for Dash if the momentum continues, else, the coin can head into the pattern and continue to bounce. With the coin worth $68.41, the total market cap of Dash stands at a whopping $644 million making it the 24th largest cryptocurrency in the world.

Dogecoin

DOGEUSDt TradingView

Dogecoin aka the meme coin, at press time, had a total market cap of $289 million and was ranked the 35th largest cryptocurrency in the world. Valued at $0.002333, the coin has seen a -0.18% drop in the last 24 hours.

The price has surged after moving sideways for a while just above the support at $0.00226. Additionally, the coin has the potential to surge as much as 8% in a few weeks and only a part of that has been achieved due to yesterday’s surge. Although the first target of $0.0023939 is closer, it hasn’t yet been achieved. After this level has been breached, the next target would be $0.0026015, an 8% surge from the current price. MACD indicator is also signaling a bullish crossover.

Akash is a full-time cryptocurrency writer and an analyst at AMBCrypto. He is an engineering graduate with an avid interest in finance and economics. Attracted to the chaos of trading, Akash has invested in BTC, ETH and XRP for educational purposes.