BeLive Holdings's 15min chart shows KDJ Golden Cross, bullish Marubozu formation.

According to the 15-minute chart for BeLive Holdings, a significant technical indicator known as the KDJ Golden Cross has been triggered, accompanied by a bullish Marubozu candlestick pattern at 11:45 on May 9, 2023. This suggests that the momentum behind the stock's price is shifting towards an upward trajectory and has the potential for further growth. The dominance of buyers in the market and the ongoing bullish momentum imply that the stock is likely to continue its upward trend.

Dogecoin (DOGE) has recently experienced a notable technical development that has captured the attention of cryptocurrency traders. According to Trader Tardigrade (@TATrader_Alan), DOGE has broken out of a diamond bottom pattern on the daily chart, signaling a potential strong bullish trend [1]. This breakout, accompanied by a significant surge in trading volume, suggests that DOGE could see substantial upside movement.

The diamond bottom pattern is a bullish reversal indicator that often signals a period of consolidation followed by a strong upward trend. As of May 8, 2025, at 10:30 AM UTC, the price target for DOGE is set at $0.29, representing a significant increase from its price at the time of the post, which was approximately $0.145 on major exchanges like Binance. This analysis aligns with increased market activity, as trading volume for DOGE spiked by 35% within 24 hours of the post, reaching over $1.2 billion across key trading pairs such as DOGE/USDT and DOGE/BTC [1].

The breakout comes amidst a broader crypto market recovery, with Bitcoin (BTC) hovering around $62,000 at the same timestamp, showing a 2.5% increase over the past day. Meanwhile, the stock market, particularly the Nasdaq Composite, recorded a modest gain of 0.8% on May 7, 2025, closing at 16,400 points, reflecting a risk-on sentiment that often spills over into speculative assets like Dogecoin [1].

From a trading perspective, the implications of this breakout are substantial for both short-term scalpers and long-term holders. If DOGE sustains its momentum above the key resistance level of $0.16, as observed at 12:00 PM UTC on May 8, 2025, on Binance’s DOGE/USDT pair, it could trigger further buying pressure toward the $0.20 psychological barrier before approaching the $0.29 target. However, traders must remain cautious of potential pullbacks, as the Relative Strength Index (RSI) for DOGE on the 4-hour chart was nearing overbought territory at 68 as of 1:00 PM UTC on the same day [1].

On-chain data from IntoTheBlock reveals a 22% increase in large transaction volumes (transactions over $100,000) for DOGE between May 6 and May 8, 2025, signaling growing interest from whales, which could either support the rally or lead to profit-taking dumps [1].

In the context of stock market correlation, the positive momentum in tech-heavy indices like the Nasdaq often correlates with increased retail investment in meme coins like DOGE, as seen in historical patterns during 2021 bull runs. This creates trading opportunities for those looking to capitalize on cross-market sentiment, particularly through DOGE/BTC pairs, which saw a 12% volume increase to $85 million on May 8, 2025, per CoinGecko data [1].

Delving deeper into technical indicators, DOGE’s breakout is supported by a bullish crossover of the 50-day and 200-day moving averages on the daily chart, observed at 9:00 AM UTC on May 8, 2025, suggesting a long-term uptrend. The trading volume accompanying this breakout peaked at $1.25 billion in the 24 hours leading up to 2:00 PM UTC on May 8, 2025, reinforcing the validity of the move [1].

Market correlations further highlight DOGE’s sensitivity to Bitcoin’s price action, with a 0.85 correlation coefficient over the past 30 days as per CoinMetrics data accessed on May 8, 2025. This indicates that any sustained BTC rally above $65,000 could amplify DOGE’s gains [1].

On the institutional front, while direct data on stock-to-crypto money flow is limited, the uptick in Nasdaq performance and a 1.5% rise in crypto-related stocks like Coinbase (COIN) on May 7, 2025, closing at $215 per share, suggest a broader risk appetite that benefits speculative assets like DOGE [1].

Traders should monitor key support at $0.13, as a break below this on high volume could invalidate the bullish thesis. For now, the diamond bottom breakout offers a compelling setup for DOGE, with cross-market dynamics and on-chain metrics pointing to potential upside in the near term [1].

References:
[1] https://blockchain.news/flashnews/dogecoin-breaks-out-of-diamond-bottom-pattern-doge-price-target-set-at-0-29-technical-analysis-signals-bullish-momentum