In this article, we will explore the factors influencing BNB and DOGE price, analyze their recent trends, and offer insights into BNB and DOGE potential trajectory for the month ahead. 

BNB Price Analysis: Weekly Timeframe

Source: Tradingview

Back in June 2023, BNB broke out of a bear flag pattern, and since then the price has been consolidating. However, last week, it seems like the bear momentum has returned as we saw a break out of the consolidation downward and it seems that BNB might be revisiting the 2022 low of $187. 

BNB Price Analysis: Daily Timeframe

Source: Tradingview

Currently, the price of BNB continues to trend downward and this might continue in the short term. However, it is too early to confirm that. There are two likely scenarios that might happen. 

Following the yellow arrows, we might see BNB retest the broken support before continuing to the $187 zone. If you are a short seller, this retest might allow you to find a perfect entry. Wait for confirmations such as Bear continuation flag, EMA crossover downwards or bearish candlesticks on a lower timeframe.

In contrast, the bulls may take over and push the price back into the consolidation zone. If this happens, we might see a price reversal and allow buying. Following the white arrows, wait for the consolidation breakout upwards and a retest of the $256 zone before making a buy decision. 

Dogecoin (DOGE) Price Analysis

Source: Tradingview

Dogecoin is resting on solid support, which will likely not break anytime soon. However, the mid-term DOGE outlook remains bearish, requiring a solid catalyst to increase the price. A general bullish market condition or strong partnership might be an excellent bullish catalyst for DOGE.

DOGE Price Analysis: 4H Timeframe

Source: Tradingview

In the 4-hour timeframe, Dogecoin has been in a consolidation phase without a distinct trend. To consider a buy trade, anticipate an upward breakout of the triangle, followed by a retest of the resistance. Conversely, for a sell signal as indicated by the yellow arrow, wait for a downward breakout of the chart pattern. While a breakout is not an ultimate confirmation, also wait for other confirmatory signals like candlestick formation, EMA crossover, RSI divergence etc. 

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This article is intended for educational purposes and is not financial advice.