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The Dogecoin price is currently trading in the red region after facing upper-level rejection. Tron has also experienced a similar trend, trading within a narrow range. Meanwhile, attention is turning to Unilabs (UNIL).
This project, with $30M AUM, has gained traction, raising $11.7 million and selling over 1.7 billion coins. With presale momentum and AI-powered investment funds, Unilabs is positioning itself within the DeFi space.
Dogecoin (DOGE) Price Gearing Up for a Potential Rally, Says Analyst
According to Marcus Corvinus, a crypto expert, the Dogecoin price shows strength. He suggests DOGE is potentially undervalued compared to previous highs.
Recently, Marcus observed that the Dogecoin price formed a rising channel following a correction, suggesting a significant move may be approaching. The analyst points to a bullish structure of higher highs and higher lows.
He believes the current channel indicates healthy growth, with resistance ahead at $0.70. From current levels, Marcus suggests the Dogecoin price is in the initial stages of a larger move.
Assuming this trend continues, Corvinus predicts a potential surge. He encourages investors to monitor the evolving structure.
CoinMarketCap data shows the memecoin is currently trading around $0.19-$0.21. Bulls attempted to breach the $0.21 level on August 4 but encountered selling pressure. However, Marcus suggests a Dogecoin price rally remains possible.
Tron (TRX) Continues Sideways Trading
The Tron price continues to trade within a narrow range as buyers and sellers vie for control. The price has fluctuated between $0.31 and $0.33 over the past week, according to CMC. A break above this range could lead to a significant upward movement.
A downward trend could see the price drop to the support of the 50-SMA ($0.29). Technical analysis suggests the RSI supports an uptrend. The RSI is above the midline, indicating buyer influence.
Zia Ul Haque predicts the Tron price may rise to $0.45 in the coming months. Tomdu.eth suggested last month that technical infrastructure and utility could drive the Tron price.
The analyst encourages followers not to dismiss Tron due to its current price action. He forecasts a potential surge to $0.60 in the long term.
Data from CryptoQuant indicates a substantial amount of TRX has been burned from on-chain transactions. This burn mechanism could provide support for the Tron price.
Unilabs (UNIL): AI-Driven Investment
Unilabs (UNIL) aims to provide access to the DeFi market, by allowing users to access automated investment funds that adapt to real-time market conditions.
Unilabs utilizes AI algorithms to rebalance portfolios and identify potential investments.
The platform features an Early Access Scoring System (EASS), which ranks crypto projects based on potential. There is also the AI Market Pulse.
Unilabs offers investment funds: AI, DeFi, Bitcoin, and Real World Assets (RWAs), managed by AI. In Stage 6 of its ICO, Unilabs has raised $11.7 million.
Why Dogecoin and Tron Investors Are Considering This Coin
While the Dogecoin price and Tron face resistance, Unilabs is emerging.
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