The cryptocurrency market continues to show weakness, with the $62,000 level for Bitcoin now lost. Ahead of the upcoming Fed minutes, most cryptocurrencies are trending downward. A crypto analyst recently suggested we might see a repeat of Dogecoin’s 2021 performance.

Dogecoin Predictions

While Bitcoin is in a downturn, Dogecoin is finding buyers around the $0.11 mark, showing a 2% increase. Support at $0.105 is crucial for further gains. Analyst Trader Tardigrade predicts a possible breakout for Dogecoin, similar to its 2021 surge, with a target price of $1.8 if momentum increases at $0.5.

ETH and Bitcoin Outlook

Analyst Mikybull forecasts that Ethereum might be on the verge of a rally aimed at reaching $5,000, potentially reducing Bitcoin's dominance and sparking a rise in altcoins. Meanwhile, Daan Crypto Trades highlighted significant liquidation clusters for Bitcoin around $61,400 and $62,600, indicating potential further dips due to long position liquidations as U.S. markets open.