Cardano (ADA) is currently consolidating near a critical support zone that could shape the direction of its price action in the coming weeks. After a sharp 15% drop since Wednesday, ADA is showing signs of weakness as broader market sentiment sours amid rising geopolitical tensions. The conflict between Israel and Iran has injected significant volatility and uncertainty into global markets, spilling over into the crypto space. Related Reading: Solana Approaches Critical Support Amid Middle East Conflicts – Can Demand Hold? ADA’s recent losses reflect this risk-off environment, as investors become more cautious and liquidity thins. The failure to hold above key resistance earlier in the month has turned previous support levels into pressure points for bulls. If ADA fails to defend the current range, further downside into lower support zones could follow quickly. According to on-chain data from Santiment, Cardano whales have offloaded more than 270 million ADA over the past week. This significant distribution adds to the selling pressure and suggests large holders may be anticipating more downside, or at the very least, reducing exposure amid macroeconomic instability. Whale Activity And Macro Risks Weigh On Price Cardano remains one of the most underperforming large-cap altcoins in 2025, currently trading 85% below its yearly highs and 107% off its peak from last year. Despite a few short-lived rallies, ADA has struggled to maintain momentum and attract sustained demand. The broader altcoin market has shown signs of weakness, with capital continuing to concentrate around Bitcoin and Ethereum, leaving ADA vulnerable at key support levels. Analysts are calling for a decisive move as ADA consolidates at a critical price zone that could define the coming weeks of action. If bulls fail to step in, Cardano could see further downside toward historical support levels. The situation is further complicated by global tensions and rising macroeconomic uncertainty. Geopolitical instability—most notably the Israel-Iran conflict—has triggered risk-off sentiment across global markets, driving volatility in crypto. Adding to the bearish pressure, top analyst Ali Martinez shared on-chain data showing that whales have sold over 270 million ADA in the past week alone. This large-scale distribution from deep-pocketed holders highlights a loss of confidence or, at minimum, a defensive repositioning amid the current uncertainty. For ADA to regain bullish momentum, it must defend current levels and break through resistance with strong volume support. A sustained recovery in broader altcoin sentiment could provide the tailwind ADA needs. However, with external macro risks looming and whale activity suggesting caution, investors should remain vigilant. Unless Cardano can show strength at these key levels, the road to recovery may be longer and more volatile than expected. Related Reading: Ethereum Faces Stress As Israel-Iran Conflict Shakes Sentiment – ETH/BTC Support In Focus Cardano Struggles At Support Amid Broader Market Weakness The daily chart for Cardano shows a concerning technical picture as the token trades at approximately $0.6368, nearing its critical support range. After briefly attempting to break above $0.75 in late May, ADA has since reversed course, printing a series of lower highs and failing to reclaim its key moving averages. Currently, it trades below the 50-day, 100-day, and 200-day simple moving averages, indicating a bearish structure across multiple timeframes. The $0.63–$0.64 level now stands as a crucial zone. A breakdown below this level could open the door to further downside, potentially revisiting March lows near $0.58 or even the psychological $0.50 level if broader market sentiment continues to deteriorate. The declining volume and failure to hold above key averages signal waning bullish momentum. Adding to the weakness, recent whale activity has raised red flags. On-chain data from Santiment revealed that whales have sold over 270 million ADA in the past week, fueling speculation about a lack of confidence among large holders. Related Reading: Ethereum Tests Previous Resistance As Support – Can Bulls Defend This Level? To regain strength, ADA must hold current support and break back above the 100-day SMA around $0.70. Until then, Cardano remains vulnerable to further declines as investors grow more risk-averse amid macro uncertainty. Featured image from Dall-E, chart from TradingView
The Dogecoin price has crashed alongside the rest of the crypto market, and this has led to the break of a very important support level. This crash below $0.18 has signaled a turn in the tide, and this could trigger the next wave of declines. A crypto analyst had previously predicted this market decline, calling it before it began. However, it is not all bad news for the meme coin as longer timeframes offer more bullish options as time goes by. Dogecoin Price Still Bullish On The Long-Term Crypto analyst Master Ananda forecasted in a TradingView post where the Dogecoin price could be headed next. At the time of the post, the Dogecoin price was still trading close to the $0.2 level, and the market was still on an upward trajectory. While positive sentiment seemed to be returning to the market at that time, the analyst was calling out the possibility of a pullback. Related Reading: Bitcoin Bears Back In Control After $110,000 Rejection, What Comes Next? Master Ananda explained that the Dogecoin price was still quite bearish, but this was only on the short-term timeframe. This leaves out only the long-term timeframe for the bullishness, and so far, the meme coin’s market trend seems to be playing out the way the crypto analyst predicted. He called for a correction, using the April 2025 low as a basis and the lower highs that had formed as a result. This had begun back in December 2024 when the Dogecoin price had begun putting in lower highs, suggesting that there was bearishness building up in the market. Presently, as the Dogecoin price has dropped back below the $0.18 support, the analyst simply pointed out that it was a continuation of the decline that had begun on May 11 after the market recovery. While this is bearish for the short-term, suggesting there could be a bit more correction to go, the analyst doesn’t expect it to last long. Where Could The DOGE Price Go From Here As for the bottom of the current Dogecoin price correction, Master Ananda expects the price to bottom above the April 7 lows, which were above $0.13. This would put the meme coin at around $0.15 before the bottom is in, and then the recovery is expected to begin. Related Reading: Altcoin Season Just Flashed A Golden Cross Amid Crypto Market Recovery The crypto analyst urged investors, especially those holding spot bags, to wait for the dust to settle. After this, he expects the altcoin to turn bullish again. For traders going short, he advises caution and not to hold the trade for too long, as the range is short. “We are very likely to get a higher low compared to 7-April,” Master Ananda predicted. “If too many leveraged positions are open though and the market wants to remove those, there can be a long wick that pierces support for the action to recover the next day.” Featured image from Dall.E, chart from TradingView.com
The Shiba Inu development crew has rolled out a new tech layer that could shift how people use SHIB. According to reports, the beta version of Shib Alpha Layer went live on June 12, 2025. It’s made in partnership with ElderLabs, and it got built without any VC backing. Now users can test it before the full launch. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Shib Alpha Layer Beta Launch Based on reports, the Shib Alpha Layer brings all the separate rollups in the ecosystem under one hood. You won’t need to jump from bridge to bridge. You transact as if you’re on a single chain, even though dozens of rollups run beneath the surface. The project reached beta in record time, and the team says they did it all with their own funds. User Friendly Experience Users can pay fees in SHIB, BONE, or any token they hold. That cuts out the problem of having to swap tokens just to cover gas. You’ll also get near‑instant finality, so transactions show up almost right away. Those features may seem small, but they could pull in people who find current rollup setups clunky and slow. Shiba Inu: Security And Privacy Features Shib Alpha Layer uses ZAMA’s Fully Homomorphic Encryption. That lets smart contracts run on encrypted data, so the logic stays private. It’s rare to see FHE live in a crypto network, but the beta is already up and running. Security audits have been promised before the public release, which should ease some worries about bugs or hacks. Today we flip the script. For years we’ve been called “just a meme,” spammed with Wen Shibarium?, and drowned in FUD from bots, burnt deadweight ex-team but instead of arguing, we shipped. Introducing Shib Alpha Layer (beta) — our rollup abstraction stack built with ElderLabs… — Kaal (@kaaldhairya) June 12, 2025 Integration With Shibarium Shibarium is set as the settlement layer under this new system. According to lead developer Kaal Dhairya, every rollup becomes an L3 network, picking up the security that Shibarium offers. Future updates will open up rollup deployment to everyone and boost multi‑chain links. Instant bridging is on the roadmap, too, so moving assets between chains could happen in a click. READ THIS: https://t.co/zZcjV0VhHv — Shytoshi Kusama™ (@ShytoshiKusama) June 13, 2025 The team’s main coder, Kaal Dhairya, pointed out that early critics called SHIB a joke coin. They’d ask “Wen Shibarium?” and spread fear, uncertainty and doubt. He said those jibes didn’t slow them down. Instead, they focused on building. Related Reading: Bitcoin Is Just 0.2% Of Global Wealth — And That’s Why It’s Not Too Late: Analyst Shytoshi Kusama, another lead developer, popped back on X after a few weeks off to highlight this work. He’s been drafting a whitepaper on how AI could team up with the Shiba Inu network. He also flagged Shiba’s new Web3 gaming push on Astra Nova’s TokenPlay.ai. Calling an end to SHIB’s “meme era” is a bold claim. But if the new layer works smoothly, it could mark a shift in how people think about Shiba Inu. Either way, June 12, 2025, will go down as the day this project vied for more than just the dog coin tag. Featured image from Unsplash, chart from TradingView
Leading meme coins are not immune to the market’s sell-off, with Dogecoin, Fartcoin, Pepe, and other meme giants plunging.
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Related Reading: TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin Growth Forecast Details According to Bloomberg, Bessent said a leading industry group expects the stablecoin market cap to top $2 trillion. He called that view “very reasonable.” It would mean backing up to $2 trillion in tokens with US Treasury Bills. Based on reports, Citigroup analysts think issuers might buy an extra $1 trillion in those bills by 2030. Treasury Secretary Scott Bessent said that dollar-linked stablecoins could hit $2 trillion or even more as he reiterated the potential for these digital assets to strengthen the greenback’s position https://t.co/HwVRu0aPkT — Bloomberg (@business) June 11, 2025 Backing Rules Move Forward Lawmakers voted to advance a key amendment to the GENIUS Act, which would force stablecoin issuers to hold reserves in top-tier assets. The amendment won cloture yesterday. That clears the way for a final vote, likely early next week. Supporters say the change will boost confidence by ensuring every dollar-linked token has real backing. Market Size Today Right now, the total stablecoin market sits at about $255 billion. Dollar-pegged coins make up roughly $233 billion of that. That equals 90% of the whole market. The top nine dollar-pegged coins include USDT, USDC, USDe, DAI, USD1, FDUSD, PYUSD, TUSD, and USDD. They account for nearly all stablecoin activity. Challenges Ahead Regulators have work to do. If the GENIUS Act stalls or changes, issuers might head to friendlier markets. There’s also a risk that a handful of big players could dominate. That could create new “too big to fail” worries if a major issuer faces trouble. Plus, tech glitches and smart-contract bugs could still trigger runs on tokens. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC If stablecoin use really takes off in cross-border payments and decentralized finance, the US dollar could win new fans overseas. Every $1 trillion in token issuance backed by Treasury Bills might add to demand for US debt. But the path isn’t guaranteed. Lawmakers must iron out rules that balance safety with innovation. Issuers need strong risk plans. And users must see clear benefits beyond speculation. For now, the market is small compared with the broader financial system. But the shift toward programmable money keeps pace. Featured image from Sygnum Bank, chart from TradingView
Shiba Inu just picked up real momentum. After a two-week silence, SHIB lead developer Shytoshi Kusama is back online with a teaser that’s stirring up the ecosystem. In a post on X, he hinted at a long-in-the-works whitepaper focused on artificial intelligence, just hours before fellow developer Kaal Dhairya announced the beta launch of Shib …
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
The SEC has delayed decisions on crypto ETF proposals, including Dogecoin and HBAR, while seeking further public input.
The U.S. Securities and Exchange Commission punted next steps on the Bitwise Dogecoin ETF, Grayscale Hedera Trust, and VanEck Avalanche ETF.
According to market technician Cantonese Cat (@cantonmeow) a single metric—the 20-month simple moving average—could be the line that could separate another vertical rally from a gut-wrenching breakdown for Dogecoin. Currently, DOGE sits comfortable above that moving average, now plotted at $0.1751. The black curve on Cat’s chart shows only three clean retests of the 20-month SMA since 2014. All Eyes On Dogecoin’s 20-Month SMA The first came in March 2017, when price tapped the average near $0.00020 and then ripped more than 9,000% into the January 2018 peak. The second occurred in the winter of 2020, with price kissing the average at roughly one-fourth of one cent before the parabolic 34,500% run to $0.73 the following May. The third and current encounter began in August last year when DOGE rallied by more than 480%. As of today, two successive monthly candles dipped into the zone just below twenty-cents, but both were bought aggressively, leaving higher wicks and preserving the upward slope of the average. Cantonese Cat argues that as long as that moving average remains intact, “we’re going higher.” A decisive monthly close beneath $0.175 would, by this read, place the entire structure at risk and could usher in the sort of multi-month down-trend that followed the 2018 and 2021 climaxes. Related Reading: Dogecoin Faces Make-Or-Break Moment This Month, Predicts Analyst TOTAL2 Needs To Break Out Analyst Kevin (@Kev_Capital_TA) overlays that micro view on a much broader canvas. His chart tracks the total crypto market capitalization ex-Bitcoin (TradingView ticker “TOTAL2”) in monthly candles back to 2017. Two bold yellow trend-lines define a seven-year rising channel whose upper rail repelled price at the January 2018 and November 2021 alt-season tops. Since the June 2022 low, the market has carved out an ascending triangle: a rising series of higher lows presses against a flat-topped supply zone between roughly $1.43 trillion and $1.7 trillion. The apex of the triangle now looms; aggregate alt-cap is already worth about $1.2 trillion — all that stands between the current print and a confirmed breakout is a monthly close above the upper edge of that yellow rectangle. Kevin’s projection measures the height of the pattern and adds it to the breakout level, dropping a vertical marker that intersects the mid-channel near $5.89 trillion. Kevin’s first Fibonacci extensions target is the 1.618 at $4.06 trillion. Higher extensions at 1.886, 2.0 and 2.618 cluster around $4.57 trillion, 5.89 trillion and $6.9 trillion respectively, the last of which coincides almost exactly with the channel’s ceiling and is circled as the analyst’s ultimate upside objective. Related Reading: Dogecoin Primed For Liftoff If It Can Break This Barrier: Key Price Targets Why does that matter for Dogecoin? The meme-coin’s two explosive cycles began only after TOTAL2 had broken its own prior-cycle high and money poured into non-Bitcoin assets. Kevin states that “altcoins are just scratching the surface of what is possible in the coming months,” provided that macro-liquidity and regulatory factors permit capital rotation out of Bitcoin into the wider market. In that scenario the 20-month SMA on DOGE would likely continue to slope higher, setting the stage for an explosive move higher. Conversely, failure of the alt-cap triangle would make a sustained loss of the SMA far more probable, robbing DOGE of its historical launch-pad. For now, the indicator holds—and with it the prospect that Dogecoin could be primed for yet another bout of furious upside. But as both analysts caution, the monthly close will tell the story: above the 20-month SMA and an alt-cap breakout, or below it and back into hibernation. At press time, DOGE traded at $0.189. Featured image created with DALL.E, chart from TradingView.com
Shiba Inu has remained a focal point in the memecoin landscape, supported by recent fundamental upgrades. The network recently introduced an auto-burn mechanism to streamline token utility and strengthen its DeFi offerings, particularly swapping and staking. Meanwhile, SHIB wallet addresses have surged to an all-time high, pointing to accelerating retail interest. Notably, wallets holding under …
Market volatility intensifies as meme token faces critical resistance levels amid institutional interest.
Tron’s blockchain just added a USD1 stablecoin from World Liberty Financial Inc. That move put the spotlight back on TRX. And traders are paying attention to what comes next. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC Significant Price Movement According to trading data, TRX climbed 6% on Tuesday. It broke above the $0.2875 level on the daily chart before hitting resistance at $0.2980. A clean break past that hurdle could send the token toward $0.3230, the 50% Fibonacci retracement level. Currently, TRX trades around $0.2920, sitting between support at $0.2808 and the 23.6% Fib mark of $0.2645. The first USD1 has officially been minted on TRON — a small step for USD1, a giant leap for stablecoins!https://t.co/KMLg8NcXw8 — H.E. Justin Sun ???? (@justinsuntron) June 11, 2025 High-Profile Stablecoin Launch Based on reports from World Liberty Financial Inc., the new USD1 stablecoin is now live on Tron. The issuer has ties to US President Donald Trump, and Justin Sun—Tron’s founder and the largest holder of the Trump Token meme coin—called the launch a “giant leap for stablecoins.” Sun also joined a White House dinner for top Trump Token holders. This link to big names has drawn fresh eyes to Tron’s ecosystem. On-Chain Growth Signals According to DeFiLlama, the total value locked on Tron reached over $5 billion. On June 6, the network saw 4.50 million returning user addresses. Those stats suggest people keep coming back to DeFi apps on Tron, but it’s worth watching whether those funds stay in place or chase higher yields on other chains. Bullish Bets in Derivatives Based on CoinGlass data, TRX derivatives open interest rose by 8.25% over the past 24 hours to $329 million. The weighted funding rate open interest rose to 0.0098%, indicative that bullish long positions are greater than shorts. Short liquidations in the past day were almost double that of longs, which settled a bearish bet wave. Technical analysis supports this positive perspective. The RSI on the daily chart is inching up to the overbought region, indicating heightened buying pressure. A recent MACD crossover drove histogram bars into positive territory, which means momentum has favored the buyers. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Meanwhile, traders will keep a close eye on Bitcoin’s moves too. A pullback there could drag altcoins lower, while a fresh rally could lift TRX even more. For now, the combination of a big-name stablecoin launch, rising TVL, swelling open interest and positive technical signals gives Tron fans reason to watch for a potential breakout. Featured image from Getty Images, chart from TradingView
Coinbase Global Inc. (NASDAQ: COIN) announced plans to list Fartcoin (FARTCOIN), a fast-growing Solana (SOL)-based memecoin. The cryptocurrency exchange announced that trading of FARTCOIN will commence on Thursday, June 12, 9AM PT, if the set liquidity conditions are met. Coinbase highlighted that the trading of FARTCOIN against the U.S. dollar will be rolled out in …
Trading will start on Thursday at 12 p.m. ET once they meet liquidity conditions, enabling trading pairs of FARTCOIN-USD, CAKE-USD and SQD-USD.
DogeOS will facilitate the launch of approximately 15 casual games via PlaysOut, with Dogecoin rewards and Doginals-based assets.
Dogecoin is changing hands near $0.198 on Wednesday afternoon in Europe, almost 20 % below its late-March high yet still clinging to an eleven-month up-trend that now converges with a formidable technical inflection, according to independent analyst “VisionPulsed.” Is This Dogecoin’s Summer Liftoff? Speaking in a 10 June video, the analyst told viewers he had been “making the case that the first two weeks of June should be when we start moving up—if we’re bullish. He conceded that “there is a chance the move has started” after Dogecoin closed a two-day candle back above the 0.618 Fibonacci retracement drawn from the December 2024 swing high. The backdrop VisionPulsed describes is notably risk-on. Bitcoin is hovering around $109,500, roughly 3% shy of its all-time high, while Ethereum has punched out a fresh twelve-month high above $2,790. In equities, the S&P Small-Cap 600—an index the analyst referenced when he quipped that “the S&P broke 600 yesterday”—posted its strongest five-day advance since March, a move the analyst interprets as validation of a global-liquidity gauge Global M2. Related Reading: Dogecoin Primed For Liftoff If It Can Break This Barrier: Key Price Targets Hash-ribbon signals on Bitcoin flipped positive two weeks ago, the analyst noted, historically an early marker of revived demand for risk assets. “Bitcoin at 110K says we should go up. Ethereum breaking out says we should go up. If we still don’t go up… just pick a different investment choice.” Central to VisionPulsed’s thesis is a 70-day cyclical window counted from Dogecoin’s April 1 local low. “We’re approaching that 70-day mark.… It is now the time for it to be bullish,” he said, warning that failure to rally before mid-June would all but invalidate the setup. Yet the analyst concedes that Dogecoin’s fate is tethered to the ETH/BTC pair and to Bitcoin dominance, which has remained stubbornly elevated: “When the ETH-BTC move does occur, that’s going to be when the dominance falls and we need the dominance to fall because that’s when Dogecoin goes to the moon.” Until that rotation happens, any up-ticks in DOGE may remain prone to stalling beneath long-term resistance. Related Reading: Bloodbath Incoming? Dogecoin Must Hold This Level To Survive VisionPulsed identifies three price milestones that will decide sentiment. A daily close above $0.23 would constitute the first clear break of the descending trend-line in place since December, while $0.30—the 0.618 retracement of the entire 2021–2024 bear market—marks the level at which, he says, “people will start talking about Dogecoin at your summer camp… it’s going to be euphoric.” Should time drag on, he allows that the trigger could slide to $0.27, but the message is stark: “If we just shoot up, it’s still $0.30. If we take longer, it could be lower, but it’s the same concept.” With Bitcoin firm above six figures, Ethereum printing new local highs, and global liquidity gauges flashing green, the stage is set for an upside resolution. Whether Dogecoin can convert that macro tail-wind into a decisive break above $0.23—and ignite the $0.30 euphoria line—will become evident within the next fortnight. At press time, DOGE traded at $0.197. Featured image created with DALL.E, chart from TradingView.com
The U.S. consumer price index for May is expected to rise to 2.5%, potentially impacting market dynamics.
With macro jitters rising ahead of today's CPI data, that caution might be the setup for the next breakout, according to K33.
DOGE showed resilience with strong volume patterns as speculation builds around potential ETF approval.
Ether outpaces bitcoin on fresh institutional inflows and rising demand for tokenization, signaling a potential push towards its all-time high.
According to crypto entrepreneur Edoardo Farina, most individual XRP holders could find themselves shut out as inflation and tight budgets squeeze their options. He argues that owning more than 10,000 XRP – which costs about $23,100 at a price of $2.31 per token – has become a barrier for anyone living paycheck to paycheck. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC Rich List Data Reveals Concentration Based on reports, there are about 6.55 million XRP wallet addresses in existence. Less than 4% of those wallets contain at least 10,000 XRP. A clear majority, over 5 million addresses, hold 500 XRP or fewer. That gap shows how stacked the system is. More than 166,250 wallets sit in the 10,000–25,000 XRP range. Another 159,566 wallets carry between 5,000 and 10,000 XRP. These figures point to a small group with deep pockets, while the rest trail far behind. Owning more than 10,000 $XRP nowadays is already a luxury few people can afford. — EDO FARINA ???? XRP (@edward_farina) June 9, 2025 Inflation Pressures Hit Small Holders Farina warns that rising inflation is forcing ordinary holders to sell just to cover daily needs. He notes, “We’re already seeing people around the world selling their XRP just to buy groceries.” When basic goods cost more each month, people feel they have no choice but to cash out their crypto. It’s a harsh reality. Owning large amounts of XRP has morphed from a luxury into a struggle for survival. Threshold Debate Heats Up He first said 95% of XRP holders risk being priced out. Now he’s raised that warning to 99%. That jump has sparked debate. Some worry it feeds a fear of missing out on a “10,000-XRP club,” while others see it as a wake-up call. Farina questions whether Bitcoin’s rally to about $112,000 really reflects growth, or simply the dollar losing its value. He frames the issue as a tug-of-war between crypto gains and fiat losses. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says Calls For New Income Streams Instead of selling crypto, Farina urges holders to find extra income. He suggests side hustles or online work as ways to avoid cutting into holdings. “If you truly believe XRP has long-term value, selling it now for groceries is exactly what they want you to do,” he said. His advice pushes people to rethink how they earn and where they live. Crypto markets can move on legal news and product launches, not only inflation. Ripple’s ongoing court case and ETF filings could change XRP’s path. Still, Farina’s message taps into a broader concern: the gap between small and large holders may widen as prices climb. Retail investors can still join in. They just need to pace their buys and stay aware of both crypto trends and everyday costs. Featured image from Imagen, chart from TradingView
Meme coins are mooning again, and there's at least three tokens that stand out among the pack.
Dogecoin skidded to a low near $0.168 last week before snapping higher to trade around $0.19 on Tuesday morning, up roughly six percent over 24 hours. The rebound unfolded in lock-step with bitcoin’s own recovery from the technically charged $106,800 level to just above $109,000, re-invigorating short-term dip-buyers across the memecoin complex. Dogecoin Needs To Conquer This Price Level Technical analyst Kevin (@Kev_Capital_TA) argues that the Fib defence has restored bullish structure—but only up to a point. “After coming down to the .382 Fib Dogecoin finally found the support it needed along with BTC finding support at 100K,” he wrote. “As it goes for the immediate future of **DOGE it has a lot of work to do. Big resistance at .19-.21 cent range will need to be broken in order to head back up to that .26-.28 level. Indicators on the daily time frame look bullish.” Bitcoin’s behaviour therefore remains pivotal. Spot BTC is hovering near $109,000 this morning and has so far defended the $106,800 pivot flagged by several high-profile analysts, including Michael van de Poppe, as the “linchpin for a potential rally”. Should Bitcoin extend toward the $120,000-$130,000 band, Kevin argues that Dogecoin will decouple from its dependence on the benchmark “when dominance tops and the market sniffs out easing monetary policy.” Crypto pundit Chandler (“@ChandlerCharts”) is less sanguine. Overlaying DOGE’s four-day price against DOGE/BTC, market cap and a relative-strength oscillator, his graphic highlights three prior compression phases—shaded grey—where the memecoin failed to sustain outperformance against Bitcoin. Related Reading: Bloodbath Incoming? Dogecoin Must Hold This Level To Survive “Even if DOGE breaks above its November highs, it won’t feel great if DOGE/BTC ends up way lower than it was at the November highs,” he cautioned. Chandler calculates that with BTC at $107,600, Dogecoin would have to print roughly $0.52 simply to reach a higher high against Bitcoin. “If BTC runs to $120-130k, DOGE needs to be around $0.60+ for holding DOGE to make sense over BTC.” Related Reading: Dogecoin Is Going To $1 With The ‘Next Impulse’, Analyst Predicts That threshold underscores the importance of the $0.19-$0.21 supply zone visible on both analysts’ charts. On Kevin’s canvas it coincides with the 0.618-0.703 Fib cluster; on Chandler’s, it overlaps the upper edge of an eighteen-month value area that has repeatedly rejected upside probes. A decisive close above $0.211 would place the May 11 summit at $0.2597 back in play and, more importantly for bulls. For now, traders are watching two numbers: $106,800 on Bitcoin and $0.21 on Dogecoin. A clean break of the latter would validate Kevin’s bullish roadmap toward $0.26-$0.28 and, by extension, keep alive the possibility of Chandler’s higher-high scenario on the DOGE/BTC cross. Until then, the memecoin’s fate indeed “remains in the hands of BTC’s capability in heading higher.” At press time, DOGE traded at $0.19. Featured image created with DALL.E, chart from TradingView.com
Bitcoin’s climb above $109,000 set the stage for broad-based gains in altcoins, with traders eyeing key inflation data later this week.
Maelius (@MaeliusCrypto) has published a fresh weekly chart of DOGE/USDT from Binance and—despite the meme-coin’s recent pull-back—sees the groundwork for a textbook Elliott-wave extension that could catapult prices toward the psychological $1.00 mark. Can Dogecoin Hit $1? The chart tracks every weekly candle since early-2021 and puts the current market at $0.1843 after a four-week slide from the March high near $0.26. That decline has carried price straight back into a broad green “demand” band that now stretches roughly from $0.12 up to $0.17. The zone once acted as heavy overhead resistance during 2022-23; Maelius notes that, after last year’s breakout, it has switched polarity and is behaving as a base of demand. Two moving averages frame the structure. The 50-week exponential average (EMA 50, blue) is curling higher and sits at about $0.205, while the 200-week EMA (red) is printed at $0.1415. Price is currently wedged between the two, a configuration that often precedes a decisive expansion in volatility. Notably, a rising red trend-line—drawn beneath successive higher lows since late-2023—now coincides almost exactly with the 200-week EMA, reinforcing the $0.15 area as technical support. Related Reading: Bloodbath Incoming? Dogecoin Must Hold This Level To Survive Maelius’ count assigns the March 2024 spike to $0.23 as the primary wave 1, and the subsequent retreat to the October 2024 low near $0.12 as the primary wave 2. From that inflection point the analyst sees the opening stages of a third wave unfolding, but—crucially—he marks a smaller-degree wave 1 of that larger wave 1 peaking just above $0.48 in early December last year, followed by the present pull-back that he labels the smaller-degree wave 2. In other words, the chart shows a classic “1-2, 1-2” nesting: a big 1-2 at primary degree, immediately followed by a smaller 1-2 that kicks off the presumed third-of-third advance. Such a configuration is typically regarded by Elliott technicians as the most explosive setup in the entire impulse hierarchy because the next leg is the wave 3 of wave 3, a segment that can extend with the steepest slope and often delivers the bulk of a trend’s price appreciation. Related Reading: Dogecoin Needs $0.40 Breakout To Salvage Bull Case, Says Analyst A dashed projection ray extrapolates that third wave to the $1.10 region, before wave 4 is pencilled in as a shallow retrace to roughly $0.65 and wave 5 completes somewhere in the $1.50–$1.80 range. Maelius tempers the roadmap in his accompanying post, stating he is “not a fan of hard targets” but believes “this one goes towards $1 in the next impulse.” Under the price pane Maelius plots the weekly WaveTrend Oscillator (WTO). Both the fast (black) and slow (red) curves bottomed inside the highlighted oversold band in April and have since hooked sharply higher. That turn has been accompanied by a steady contraction in the crimson histogram bars; over the last two candles the histogram has in fact flipped back to light-grey on the positive side of the midline, signalling that bearish momentum is losing its grip and that a fresh bullish impulse may be brewing. DOGE is now hovering exactly at the upper rim of the demand box. A weekly close above the EMA 50 at $0.205 would signal renewed bullish dominance and open the way to $0.26—the May swing high—and the mid-$0.40s cluster that halted price during the December 2024 rally. Conversely, a decisive break under $0.14 would violate the two-year ascending trend-line and postpone the Elliott count. At press time, DOGE traded at $0.18. Featured image created with DALL.E, chart from TradingView.com
A sudden slide in Bitcoin’s dollar value rattled traders this week after US President Donald Trump and Elon Musk tangled in public comments. The drop was sharp, and it raised questions about whether BTC can keep its upward momentum. According to market data, prices dipped quickly before finding a floor, leaving some investors on edge while others looked to on-chain figures for clues. Related Reading: Elon Musk ‘Will Do Anything’ To Make XRP King, Tech Mogul Says Exchange Reserves Slip Based on reports from CryptoQuant, the amount of Bitcoin held on centralized exchanges fell from 2,435,600 BTC to 2,365,400 BTC over seven days. That’s a nearly 3% decline. When coins leave exchanges it often means people want to hold them in private wallets. Fewer coins available to sell can tighten supply. In turn, that may help prices recover. Realized Cap Hits New High According to the same data, Bitcoin’s Realized Capitalization recently hit $935 billion. It’s the highest level on record. Realized Cap tracks the value of all coins at the price when they last moved on-chain. A rising number shows fresh capital flowing into Bitcoin. It suggests both small traders and large institutions are still betting on BTC’s long-term value. Netflow Shows Accumulation Based on the flow of deposits and withdrawals, Bitcoin’s netflow has been negative. That means more coins have left exchanges than have been deposited. Withdrawals beat deposits in trading volume. In simple terms, holders aren’t looking to sell right now. It’s a classic sign that buyers outnumber sellers—at least in the on-chain arena. UTXO Bands Point To Holder Confidence CryptoQuant’s UTXO Value Bands also reveal growing activity across multiple coin-age groups. UTXO stands for Unspent Transaction Outputs. It measures the age and value of coins that haven’t moved. When you see more coins in older bands and steady movement in newer ones, it tells you a variety of investors—from long-term holders to recent buyers—are staying active. That pattern tends to shore up market support. Related Reading: Blank Pi Network Wallets Spark Outcry—What’s The Network Hiding? Looking Ahead Even if Bitcoin’s price can swing wildly day to day, these on-chain signals hint at solid backing underneath. Less supply on exchanges, a record realized cap of $934.88 billion, ongoing negative netflow and rising UTXO activity all point toward patient investors holding their ground. Short-term dips may still occur, especially when big names trade barbs on social media. But for many in the market, the long-term story remains intact. Featured image from Unsplash, chart from TradingView
The company's holdings now total around 2.8% of the total 21 million bitcoin supply — worth over $62 billion.
Hong Kong's Hang Seng index rose above 24,000 for the first time since March, driven by trade talk optimism.
Argentina’s Anti-Corruption Office has determined that President Javier Milei did not violate any ethics laws when he promoted the Solana-based LIBRA memecoin in February. In a resolution issued on Friday, the office declared that Milei’s Feb. 14 X post constituted a personal statement rather than an official announcement as a public servant. Therefore, Milei’s post […]
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