ETH Eyes $4,000, DOGE Retests Critical Levels, As This New Meme Coin Prepares for Launch

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Elite crypto analyst Rekt Capital often shares valuable insights on popular altcoins, and most recently, he provided updates on Ethereum...

NuggetRush meme coin eyes DEX listings after the successful presale.updates on Ethereum and Dogecoin . These two coins have seen some decent price movements, with ETH up 8% and DOGE up 11% this week, respectively.Ethereum is currently trading around $3,600, consolidating just above the orange area of support. Rekt Capital noted that for a few weeks now, ETH has been holding this support level, with downside wicks forming higher lows.

The orange-circled region represents a bargain-buying scenario that may not come if ETH continues to exhibit this price-strength confirmation at the orange-boxed support. The analyst explained that such volatile retesting is not out of the ordinary, especially when looking at DOGE’s price action in mid-2021 . Rekt Capital noted that DOGE is generally trying to break back into the red-red macro range , and this retest is a key step in that process.

For the time being, the analyst noted that the $0.20 level is acting as resistance on the weekly timeframe, but it’s too early in the week to say if this is conclusive. The gameplay of NuggetRush revolves around managing a mining operation in a virtual landscape. Players engage in activities such as digging shafts, setting up tunnels, and operating machinery to extract valuable minerals and assets.

 

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