Crypto analyst Ali Martinez has highlighted a major indicator for Dogecoin (DOGE), which is flashing a bullish signal. This suggests that now may be the right time to buy the foremost meme coin, with a price rebound looking imminent. TD Indicator Flashes Buy Signal For Dogecoin Martinez revealed in an X (formerly Twitter) post that the TD indicator is flashing a buy signal for Dogecoin. He added that the foremost meme coin is also showing a bullish divergence against the relative strength index (RSI) on the 4-hour chart. The crypto analyst noted how these positive signs suggest that a potential price rebound for Dogecoin is on the horizon. Related Reading: PEPE Open Interest Plunges 72% From ATH, Is A Recovery Imminent? Dogecoin’s price action has remained tepid so far, as the meme coin continues to range at the crucial price level of $0.10. However, these technical indicators show that Dogecoin could soon achieve a successful breakout above $0.10 and rise to new highs. Dogecoin’s price recovery will also largely depend on Bitcoin’s price action. Data from the market intelligence platform IntoTheBlock shows that Dogecoin’s correlation with Bitcoin is at 0.91, indicating a strong positive price correlation between the prices of both crypto assets. As such, Bitcoin, being the flagship crypto, will need to make a bullish move soon enough so that Dogecoin can also enjoy a bullish reversal. This reversal should happen soon enough, with crypto analysts like Mikybull Crypto predicting that Bitcoin will enjoy a huge rally in the coming weeks. The analyst predicted that the flagship crypto could reach a new all-time high (ATH) on its next leg up. This will undoubtedly pave the way for Dogecoin to surpass its year-high of $0.22, which it reached when Bitcoin hit its current ATH of $73,000 earlier in March of this year. DOGE Could Reach $0.30 “Within Few Days” Crypto analyst World of Charts has predicted that Dogecoin could surpass its year-high of $0.22 and reach $0.30 within a few days. He made this prediction while noting that the meme coin is consolidating within a falling wedge. He claimed that a breakout will send Dogecoin to this price level if the falling wedge plays out. Related Reading: Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements Crypto analyst Trader Tardigrade also recently made a bullish case for Dogecoin. He noted that the meme coin had formed the second low after the last touch to the support. He revealed that in previous cycles, Dogecoin pumped “drastically” right after the second low. This also suggests that a mega rally is on the horizon for Dogecoin. Based on the chart he shared, Dogecoin could rise to as high as $4 when it witnesses this parabolic move. At the time of writing, Dogecoin is trading at around $0.099, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
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Bitcoin (BTC) is navigating through a storm of fear and uncertainty, with recent volatile price action causing significant shakeouts among traders and investors. Since August 24, BTC has experienced a sharp retrace of over 12%, plunging below the $60,000 mark—a crucial psychological level that often serves as a pivot point for both price action and […]
Avalanche (AVAX) is currently trading at a crucial level after a 24% retrace that began last week. The crypto market is experiencing extreme fear and uncertainty, with most altcoins hovering near yearly lows. Analysts and investors closely monitor AVAX’s price action as the market remains volatile. Related Reading: Avalanche (AVAX) Consolidation Continues As Funding Rate Signals Possible Market Shift Top analyst and trader Kaleo has shared his insights, predicting AVAX may dip further before a recovery occurs. This forecast has caught the attention of many, given the current market conditions and the pressure AVAX faces. The coming days will be pivotal in determining whether AVAX can find support and begin its recovery or if it will continue to decline along with other altcoins. As the situation unfolds, the stakes are high for both short-term traders and long-term investors. Avalanche Holding Above $20 Avalanche (AVAX) has entered a consolidation phase after experiencing aggressive corrections, resulting in a staggering 73% loss in its price since March. This significant drawdown has captured the attention of many analysts and investors, who are now closely monitoring AVAX’s next moves. Among them is top analyst and investor Kaleo, who has shared a detailed analysis of X, drawing comparisons between the current price structure of AVAX and its performance in 2021. That year, AVAX witnessed a substantial pump, followed by a massive correction, before embarking on an explosive rally that propelled it to new all-time highs. Kaleo suggests that a similar pattern could unfold now, indicating that AVAX might be on the brink of a new uptrend. His analysis shows that AVAX is expected to dip to the low $20 level before starting a strong recovery. Related Reading: The Curse Of September: Is Another Massive Bitcoin Sell-Off Coming? Kaleo’s prediction appears to be holding, as AVAX has managed to stay above the critical $20 support level. This resilience suggests potential strength and indicates that the next target could be the $30 mark if the current support is maintained. Investors are watching these levels closely, as they could signal the beginning of a significant upward move for AVAX shortly. AVAX Technical Analysis Avalanche (AVAX) trades at $22.22, following a modest 4% bounce from the $21.17 low set on Sunday. For bullish momentum to build, AVAX needs to reclaim the 4-hour 20 moving average (MA) at $23.75. This level is a crucial indicator of short-term strength, as it often marks the transition to a more consistent pattern of higher highs and higher lows when the price stays above it. A sustained move above $23.75 could set the stage for AVAX to target the critical $30 level. Breaking through $30 is essential for reversing the current bearish structure, as it would likely trigger a more rapid recovery. Related Reading: Ethereum (ETH) Struggles To Break Past $2,600: What’s Driving ETH Down? However, if AVAX fails to hold above $20, it could signal further downside potential. The price may seek lower demand levels in such a scenario, with $17 as the next significant support. Featured image from Dall-E, chart from TradingView
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In one bizarre incident, housebreaking robbers threatened a man with a machete over his Bitcoin stash. The robbers also used one very interesting piece of weapon: a Toblerone chocolate bar. Related Reading: Brazil Blocks Access To Elon Musk’s X – Will Dogecoin Price Take A Hit? The incident was reported in Scotland and has only […]
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On-chain data shows Bitcoin, XRP, and other top cryptocurrencies have been witnessing notably lesser activity from the whales recently as compared to earlier in the year. Bitcoin, XRP Among Assets Observing A Decline In Whale Transactions In a new post on X, the on-chain analytics firm Santiment has discussed about how the latest trend in the Whale Transaction Count has been looking like for the various top coins in the sector. Related Reading: ‘Paper’ Bitcoin On The Decline: What It Means For BTC The “Whale Transaction Count” here refers to an on-chain metric that keeps track of the total number of transfers occurring on a given cryptocurrency network that are valued at $100,000 or more. Transactions of this scale are generally considered to have been made by the whales, so the Whale Transaction Count represents the amount of activity that these humongous entities are participating in. When the value of the indicator is high, it means the whales are making a large number of moves right now. Such a trend implies that large players have an active interest in trading the asset. On the other hand, the metric being low implies the whales may not be paying much attention to the cryptocurrency as they aren’t making too many moves on the blockchain. Now, here is a chart that shows the trend in the Whale Transaction Count for five top coins, Bitcoin (BTC), XRP (XRP), Ethereum (ETH), Cardano (ADA), and Toncoin (TON), over the last few months: As displayed in the above graph, the Whale Transaction Count had been at pretty high levels for Bitcoin and Ethereum back in March. More specifically, between the 13th and the 19th of the month, BTC and ETH had both seen around 115,000 whale transfers. This high activity from the whales had come right after Bitcoin’s all-time high (ATH) price, suggesting that these large holders may have possibly been making the moves to cash in on the rally. In the months since then, the metric has registered a rather notable drop. Bitcoin has seen 60,000 whale transactions recently, while Ethereum’s drawdown has been even more significant as the indicator has stood at just 32,000. Related Reading: Bitcoin Eyes $68,000 In September: Could This Be The Turning Point? The likes of XRP and Cardano hadn’t seen anywhere near as high whale activity in March as these top two coins, but the levels back then were still noticeably higher than today, suggesting whales across the sector have paused their trading activities. As for what this could mean for the various assets, a lack of whale activity can lead to a more stale market, as it’s the large volume from these entities that fuel volatility. Thus, Bitcoin and other coins may see their consolidation continue, as long as the whales remain still. BTC Price Bitcoin had plunged towards the $57,000 level yesterday, but the coin has seen a bounce today as it’s back around $59,000. Featured image from Dall-E, Santiment.net, chart from TradingView.com
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Crypto analyst Zach Humphries has made a bullish case for Shiba Inu (SHIB), predicting that the crypto token could rise to as high as $0.00014 in this market cycle. The analyst also warned against having too many expectations from the meme coin, suggesting that it is unlikely to have the kind of run it did […]
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Solana (SOL) has recently pulled back to the $137 level, a key point that could dictate its next move in the market. As the cryptocurrency tests this resistance, market participants are watching closely to see if the bears will seize the opportunity to drive prices lower, or if the bulls will capitalize on this pullback to ignite a breakout. This article aims to analyze Solana’s recent pullback to the $137 level and assess whether the bears can regain momentum to push the price lower or if the bulls will leverage this moment to drive a breakout. By examining key technical indicators, market sentiment, and potential scenarios, we aim to provide traders and investors with a comprehensive outlook on SOL’s next potential moves and what to watch for in this crucial phase. Currently, Solana is trading at approximately $135, reflecting a 4.66% increase. The cryptocurrency boasts a market capitalization of over $63 billion, with a trading volume surpassing $2 billion. Over the past 24 hours, Solana’s market cap has grown by 4.70%, while its trading volume has dipped by 6.89%. Market Overview: SOL’s Recent Movement To $137 On the 4-hour chart, Solana has gained significant bullish momentum, advancing toward the $135 mark and forming multiple positive candlesticks just below the 100-day Simple Moving Average (SMA). This upward movement suggests increasing buying interest. However, the proximity to the 100-day SMA indicates that the bulls will need to maintain their momentum to overcome this resistance and push higher. Additionally, on the 4-hour chart, the Relative Strength Index (RSI) has climbed to 48% after rebounding from the oversold zone and is now attempting to move above the 50% mark. This upward shift in the RSI indicates strengthening buying pressure, which could support further positive movement if it continues. On the daily chart, Solana is showing signs of a bullish attempt toward the $137 level, remaining below the 100-day SMA. A bullish momentum candlestick was formed in the previous trading session, suggesting potential upward movement despite its current position below the key moving average. Finally, the 1-day RSI suggests that Solana might extend its current pullback. The signal line, which had previously dropped to 34%, is now showing signs of recovery and is currently sitting at 40%. Thus this upward movement could indicate a potential shift in momentum, suggesting that SOL might regain optimistic strength as it progresses. Crucial Levels To Watch: Resistance And Support Zones For Solana Monitoring key support and resistance levels will be critical as Solana navigates its current price action. The immediate resistance is at the $137 level, which could challenge the ongoing bullish momentum. Should Solana surpass this resistance, it may target higher levels, potentially testing new highs. On the downside, the crucial support level to monitor is approximately $118. If SOL cannot break through the $137 resistance, it may face additional declines, potentially dropping toward $118 and reaching even lower support zones. Featured image from Adobe Stock, chart from Tradingview.com
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Despite Tron’s (TRX) decline of over 10% in the past week, top traders’ long positions and interest suggest that the price is poised for an upside move. Along with all the major cryptocurrencies, TRX has experienced a price drop of over 1.8% in the last 24 hours. Bullish Outlook For TRX The on-chain analytic firm …
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The legal battle between Ripple and the SEC, ongoing for over three and a half years, is now approaching its final chapter. The Ripple v. SEC legal battle might be close to resolution as the court ordered Ripple to pay a $125 million fine, considerably less than the regulator initially demanded. Analysts believe that Ripple …
On-chain data shows the Bitcoin Hashrate has slumped back down recently as the cryptocurrency’s price has continued in a bearish trajectory. Bitcoin Mining Hashrate Has Retraced Its August Recovery The “Mining Hashrate” refers to a Bitcoin metric that keeps track of the total amount of computing power that the miners have currently connected to the […]
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Despite initial expectations of a steady price increase and a robust bull run this year, Bitcoin (BTC) has suffered severe declines, pushing its price below the $60,000 threshold. Due to the cryptocurrency’s prolonged bearish performance, a crypto analyst has warned that Bitcoin could decline even further, predicting a potential crash below $40,000. However, the analyst also provides a silver lining to his bearish outlook, anticipating a major rebound after the decline. Bitcoin May Be Headed For A $40,000 Crash A crypto analyst known as ‘Magog PhD’ took to X (formerly Twitter) on September 1 to share a unique encounter he had with a supposed Bitcoin billionaire. The analyst recounted an unusual experience from his summer job as a waiter in a New York restaurant, where a Bitcoin billionaire slid a piece of paper across the table in the form of a tip. Related Reading: Here’s Why The XRP Price Plunged To $0.55 Upon examination the paper revealed a chart forecasting Bitcoin’s future price trajectory. The chart illustrated that Bitcoin’s price was expected to crash below $32,000, marking a massive decline to new lows. Over the past few months the price of Bitcoin has experienced strong volatility and widespread liquidations which have led to severe price decline. At one stage, the cryptocurrency tumbled by over 20%, plunging below $50,000 before rebounding to nearly $60,000. The demand for Spot Bitcoin Exchange Traded Funds (ETFs) have also seen a sharp decline, likely playing a role in Bitcoin’s recent downward trend. Although the Bitcoin price chart projects that the cryptocurrency will crash below $32,000, it also illustrated that Bitcoin would potentially witness a major breakout above $76,000 following the decline. Similar bullish sentiment has been shared by fellow crypto analysts in the market. According to technical analyst and Bitcoin trader, ‘Titan of Crypto,’ Bitcoin is currently forming a unique technical pattern called the “Cup and Handle pattern.” Often recognized as a bullish continuation signal, the Cup and Handle is a technical chart pattern that highlights a period of consolidation after an uptrend, followed by a slight pull back and an eventual breakout to the upside. Based on this technical pattern, the analyst believes that Bitcoin is likely to break out soon, reaching a potential price target of $110,000. He disclosed that this bullish price movement could happen in the final quarter of the year, highlighting that the cryptocurrency’s rebound is “going to be epic.” BTC Achieves Historic Weekly Golden Cross Bitcoin may have reached a historic milestone, as crypto analyst Jelle has identified the formation of a weekly Golden Cross on the Bitcoin price chart for the first time ever. Related Reading: Crypto Market In Trouble As Analyst Predicts $1 Trillion Crash The golden cross occurs when a short-term Moving Average (MA) crosses above a long-term MA. This week, Bitcoin’s 100-week MA surpassed the 200-week MA, highlighting a strong bullish signal that could potentially trigger a massive bull run for the cryptocurrency. Featured image created with Dall.E, chart from Tradingview.com
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