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Ethereum (ETH) is down by 11% since recording a swing high of $2,700 on March 29. Despite this drop, three different charts suggest that an Ethereum price rally to $4,000 may still be intact, and the momentum remains bullish. ETH price remains up by 27% in one month, with the price fluctuating between $2,400 and
The post 3 Charts Reveal Why Ethereum Price Rally to $4,000 May Still Be Intact appeared first on CoinGape.
Dogecoin (DOGE) has seen a modest recovery in price recently, posting a 36% rise this week. However, this rally faces potential obstacles, as long-term holders (LTHs) have started selling their holdings in significant volumes.
This selling trend could create volatility, hindering Dogecoin’s ability to maintain its recent gains.
The Age Consumed metric for Dogecoin has shown a sharp spike, signaling that LTHs are selling their holdings at a pace not seen since June 2023. This increase in selling activity marks the heaviest selling in almost two years, highlighting a shift in investor behavior.
LTHs are often viewed as the backbone of a cryptocurrency, and their decision to sell could introduce heightened volatility in the market.
As LTHs begin to liquidate their positions, this selling pressure could undermine the current rally. The reduction in holdings from long-term investors may also raise concerns among shorter-term traders, creating uncertainty.
The overall macro momentum for Dogecoin is showing mixed signals. According to the Ichimoku Cloud indicator, Dogecoin continues to show bearish momentum. While the candlesticks are above the cloud, indicating a potential uptrend, the pressure from LTH selling could reverse this momentum.
While the Ichimoku Cloud’s position suggests some positive movement, the sustained selling by LTHs could quickly dampen any optimism. If this selling pressure continues, it could lead to a reversal in price momentum, keeping Dogecoin from maintaining its recent gains.
Although Dogecoin’s price has risen by 36% this week, it remains vulnerable to a decline below $0.200. The recent rally, while impressive, is still susceptible to the ongoing selling pressure from long-term holders. As such, Dogecoin could face challenges in maintaining its price above the current levels.
Trading at $0.234, Dogecoin is approaching a critical support level at $0.220. If the price fails to hold this level, it could fall to $0.198, erasing a significant portion of the recent gains.
This would indicate that the selling pressure is overpowering the bullish momentum, potentially triggering a further decline.
However, if Dogecoin manages to secure $0.220 as support and rebounds off this level, it could attempt to flip $0.245 into a support level.
A successful move above $0.245 would pave the way for a rise to $0.268, allowing Dogecoin to invalidate the bearish outlook and maintain its upward trajectory.
The post Long-Term DOGE Holders are Selling as Dogecoin Surges 36% – Is the Rally Over? appeared first on BeInCrypto.
The post Bitcoin Cash Price Analysis: Key Targets to Consider Ahead of May Network Upgrade appeared first on Coinpedia Fintech News
Bitcoin Cash (BCH) was among the best gainers in the last 24 hours among the top 20 crypto assets, excluding Bitcoin (BTC). The mid-cap altcoin, with a fully diluted valuation of about $7.5 billion and a 24-hour average trading volume of about $236 million, gained 5 percent to trade about $382 on Friday, May 2, during the mid-North American session.
As a result, BCH price gained over 22 percent in the last four weeks, signaling bullish sentiment. Moreover, the wider altcoin market recorded bullish sentiment as the BTC price regained $92k as a crucial support level.
The Bitcoin Cash network has grown significantly in the past few years, bolstered by its 345k on-chain holders and fixed supply. However, the Bitcoin Cash network has faced intense competition from new and flashy layer one (L1) projects led by Solana (SOL) and Ethereum (ETH).
In a bid to ensure sustainable development and adoption, the Bitcoin Cash Network is preparing for a major upgrade on May 15, 2025. The upcoming BCH network upgrade will introduce advanced smart contracts functionalities through the Targeted Virtual Machine Limits
Since April 2024, BCH’s price has consolidated between $273 and $641, without a clear breakout. After failing to rally above the 2018 all-time high during the 2021 crypto rally, BCH is well-positioned to enter its price discovery phase in the coming months.
In the daily timeframe, BCH’s price has consistently closed above major resistance trend lines and is now aiming for the next target of around $423. Furthermore, the daily MACD line has already crossed above the zero line and the histogram continues to suggest a bullish sentiment.
Having a stop loss around $311 and midterm target of about $707 is well positioned to pay well for leveraged traders in the nearest future.
The post Bitcoin Cash Price Analysis: Key Targets to Consider Ahead of May Network Upgrade appeared first on Coinpedia Fintech News
Bitcoin cash price has been consolidating horizontally in the past twelve months but a breakout is on the horizon. The BCH community is preparing for a major network upgrade in the next two weeks. Bitcoin Cash (BCH) was among the best gainers in the last 24 hours among the top 20 crypto assets, excluding Bitcoin …
The post Dogecoin Price Prediction 2025: Can DOGE Surge 20% as Bitcoin Eyes $90K? appeared first on Coinpedia Fintech News
As Bitcoin (BTC) price signals a potential rebound beyond $90k soon, Dogecoin (DOGE), the leading dog-themed memecoin secured via the proof-of-work (PoW) consensus method, has hinted at possible bottoming. Since March 11, Dogecoin price has rebounded over 15 percent to trade at about $0.1721.
Dogecoin price has depicted a high correlation with Bitcoin price, thus likely to rebound in the near future. Moreover, the crypto market is bound to significantly benefit from the easing yields in the U.S. bond market amid the ongoing bull rally for gold.
From a technical analysis standpoint, Dogecoin price has been forming a macro rising trend, characterized by higher highs and higher lows. After a notable decline since the second inauguration of U.S. President Donald Trump, Dogecoin price has been retesting the lower border of a rising channel in the past two weeks.
In the daily time frame, Dogecoin price has been forming an ascending triangle, after being trapped in a parallel falling trend. As a result, a consistent close above the resistant level around $0.178 will result in a 15-20 percent spike in the coming days to retest the upper border of the falling logarithmic trend.
However, a consistent close below 16 cents could trigger further sell-off towards the next target of about 14 cents.
Dogecoin has grown to a vibrant memecoin ecosystem backed by institutional investors participating in mining processes and global merchants accepting it for payments. As of this writing, the Dogecoin network has about 6.2 million on-chain holders.
According to on-chain data analysis, the Dogecoin network has recorded a significant spike in whale activities during the last week. In the past week, Dogecoin investors with an account balance of between 1 million and 10 million added around 110 million coins to currently hold about 10.44 billion.
Meanwhile, the number of active addresses on the Dogecoin network has doubled in the past few weeks to about 280k at the time of this writing.
The post Dogecoin Price Prediction 2025: Can DOGE Surge 20% as Bitcoin Eyes $90K? appeared first on Coinpedia Fintech News
As Bitcoin (BTC) price signals a potential rebound beyond $90k soon, Dogecoin (DOGE), the leading dog-themed memecoin secured via the proof-of-work (PoW) consensus method, has hinted at possible bottoming. Since March 11, Dogecoin price has rebounded over 15 percent to trade at about $0.1721. Dogecoin price has depicted a high correlation with Bitcoin price, thus …