[ad_1] The Dogecoin price slump might be over very soon, according to a little-known but important indicator called the Gaussian Channel (GC). As recently noted by a crypto analyst known pseudonymously as Trader Tardigrade, the Gaussian Channel recently flashed green on the DOGE weekly chart, suggesting the crypto could surge to the upside for the next wave. DOGE’s Gaussian Channel Flashes Bullish Green The Gaussian Channel is a comparatively less well-known technical indicator among crypto experts, in contrast to other famous technical indicators such as moving averages, RSI, and MACD. The Gaussian Channel plots two curves derived from normal distribution…
Author: dfrancis36
[ad_1] Bitcoin’s price dynamics have taken a significant turn as the $64,515 support level, once a crucial foundation, has now transformed into a formidable resistance after being breached. This pivotal change underscores a shift in market sentiment, with traders now watching closely to see if Bitcoin can reclaim this level or face further downward pressure. The retest of $64,515 as a resistance point is a critical juncture, reflecting broader market volatility and uncertainty. This analysis delves into the implications of this shift and what it means for digital asset’s future price action. BTC in the last 24 hours has increased…
[ad_1] Polygon (MATIC) is again flashing bullish signals, having maintained a bearish outlook for a while now. These bullish signals suggest that the token could soon make a significant move to the upside. Interestingly, crypto analyst World of Charts has predicted that Polygon could enjoy a 1,000% rally when this move happens. Related Reading Polygon To Rise To As High As $5 World of Charts predicted in an X (formerly Twitter) post that Polygon could rise to between $4 and $5 in the midterm. He made this prediction while stating that this might be the last chance to accumulate MATIC…
[ad_1] Solana meme coin, Dogwifhat (WIF), has crashed below $2 this week, witnessing double-digit declines as investor interest in the popular meme coin begins to wane. Dogwifhat Crashes 26% The price of Dogwifhat is currently trading at $1.8 as the doggy-themed meme coin continues to experience massive bearish pressure from prevailing market volatility. The value of the cryptocurrency has crashed massively, falling by a whopping 25.72% over the past seven days. The reason for this unexpected decline has been attributed to the recent selling pressures from WIF investors. Data from Solscan has revealed that more than $16 million WIF tokens…
[ad_1] Solana, a leading blockchain platform, is experiencing a significant downturn as a persistent bearish wave sweeps through its market. This decline, driven by a combination of factors, has led to SOL’s price suffering a huge drop below the $140 support mark. Solana’s price has struggled to find stability, breaking through key support levels and signaling further potential losses. As bearish sentiment continues to dominate, traders and investors are closely monitoring the situation, seeking signs of a possible reversal or additional declines in the near future. Technical Indicators Signal Further Losses For Solana On the 4-hour chart, the price of…
[ad_1] Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is facing choppy waters. A recent colossal transfer by Robinhood, a leading crypto exchange, has given jitters to SHIB enthusiasts, raising questions about the future of meme coins. Robinhood’s Mysterious SHIB Shuffle Late on June 20th, Robinhood transferred a staggering 2.2 trillion SHIB tokens, valued at roughly $40 million at the time. This maneuver has analysts scratching their heads, with some speculating it could be a prelude to a larger SHIB sell-off by the exchange. 🚨 🚨 2,200,000,000,000 #SHIB (39,945,400 USD) transferred from #Robinhood to unknown wallethttps://t.co/PI39McZERl — Whale Alert (@whale_alert) June…
[ad_1] Toncoin, the brainchild of messaging app giant Telegram, is making waves in the cryptocurrency world. A recent report by CryptoQuant, a leading crypto analysis platform, has identified Toncoin as one of the fastest-growing blockchain networks. While established giants like Bitcoin reign supreme in daily transaction volume, TON’s growth metrics paint a compelling picture of a network poised for a breakout. Transaction Velocity: A David-Vs-Goliath Story While Bitcoin processes a staggering $50 billion daily in transactions, TON’s daily volume sits between $5-$10 billion. This, at first glance, might seem like a David-and-Goliath scenario. However, there’s a crucial detail to consider:…
[ad_1] Asset management firm Fidelity has made further amendments to its application for an Ethereum (ETH) spot exchange-traded fund (ETF). This move comes as the investment giant and other applicants await the green light from the Securities and Exchange Commission (SEC) to commence ETH ETF trading in the United States. Fidelity Updates S-1 Form – What’s New? On Friday, June 21, Fidelity amended its Form S-1 Registration Statement with the SEC. This S-1 form is required to register the Ether exchange-trading fund for public sale. According to the latest filing, FMR Capital, an affiliate of Fidelity, purchased 125,000 shares at…
[ad_1] The Bitcoin price performance over the past week failed to bring glory to the crypto market, as the leading cryptocurrency struggled once again. This trend was mirrored across almost all large-cap assets, many of which experienced significant losses. Unfortunately, recent price action data suggests that the Bitcoin price is not safe yet, as there is potential for further downside over the coming days. Is $60,000 The Next Stop? In a new report, blockchain intelligence firm CryptoQuant put forward an interesting prognosis for the price of Bitcoin based on its recent movement. According to the analytics platform, the premier cryptocurrency…
[ad_1] The widely followed cryptocurrency trader and analyst Michaël van de Poppe is expressing bullish sentiment on a leading blockchain oracle while outlining the potential path forward for Bitcoin (BTC) and Ethereum (ETH). Van de Poppe tells his 722,000 followers on the social media platform X that the price action of Chainlink (LINK) when paired against Bitcoin is currently mimicking a pattern that previously led to a triple-digit percentage points rally. “A similar price pattern occurred in previous years, resulting in a 150% rally in the year’s second half. I’m expecting the same.” Source: Michaël van de Poppe/X Chainlink is…