In a 70-28 vote, the U.S. Senate has approved a resolution to repeal the IRS’s controversial DeFi broker rule. The rule, which aimed to impose stricter tax reporting requirements on decentralized finance (DeFi) transactions, faced strong opposition from the crypto community. With the Senate’s decision, the resolution now moves to President Trump, who will decide whether to sign or veto it. The outcome could significantly impact the future of DeFi regulations in the U.S.
Dogecoin price may be on the precipice of a giant pump as on-chain data point to whale accumulation. The bullish DOGE forecast is also based on its technicals, with one top analyst pointing to the formation of a ‘textbook accumulation cylinder.’ The rising social dominance score provides more hints of the upcoming surge.
DOGE price today trades at $0.1770, up by 35% from its April lows, mirroring the performance of other coins.
Dogecoin Price Could Soar as Whale Accumulation Continues
The Dogecoin price may benefit as data shows that whales are doing that. Ali Martinez, a top crypto expert, noted that whales bought about 100 million DOGE coins last week, as they bet that the recovery would gain steam.
DOGE whales
Whale buying is often a leading indicator in crypto price analysis, as these investors are perceived as more experienced and sophisticated. In some instances, many coins surge when retail traders notice that whales are actively buying the dip.
Further supporting the bullish Dogecoin price prediction is that its social dominance score, which measures the share of discussions about a coin compared to other top-ten coins, has crawled back. Santiment data reveals that this score has risen to 2.524%, up from the bottom of 0.9% last month. This gradual improvement could imply a potential surge in the coming weeks as it shows that more users are mentioning it in their discussions. A likely reason is the recent DOGE ETF optimism after Nasdaq sought approval to list 21Shares’ DOGE fund.
Dogecoin Social Score
DOGE Price Technical Analysis as Analyst Predicts a Giant Pump
Some crypto analysts are backing the positive DOGE price prediction. CryptoBullet pointed to the chart below, which featured the Livermore Accumulation Cylinder, a rare reversal sign. This pattern, characterized by a widening mouth, is marked by higher highs and lower lows.
In his estimation, the coin has now retested the lower side of the channel and is setting up for a strong surge, potentially to over $3. A jump from the current Dogecoin price of $0.788 to $3 would signal a 280% surge from the current level. Such a move is possible as Fartcoin price has jumped by almost 500% from its lowest level this year.
CryptoBullet’s DOGE prediction is based on the weekly chart, meaning that the signal may take a long time to form. Turning to the daily chart below, the coin is coming from a giant falling wedge pattern, a popular reversal sign.
The widest part of this wedge is about 63%. Measuring that price from the breakout point at $0.1595 brings the most viable short-term Dogecoin price target to $0.2625.
DOGE Price Chart
No model is accurate in technical analysis. Therefore, in this case, a drop below last month’s low of $0.1300 will be a sign that there are more sellers out there. Such a move will prompt more sell-offs over time and invalidate the bullish DOGE price forecast.
The listing of SNEK on Kraken is a massive gain for the wider Cardano ecosystem.
With geographical restrictions in place, Kraken announced deposits and withdrawals of Snek are already enabled.
SNEK price has consistently closed above a falling daily wedge pattern, signaling further bullish momentum.
Kraken Exchange, a veteran U.S.-based cryptocurrency exchange with over 10 million global users, announced on Friday, April 25 that it will list Cardano (ADA)-based memecoin Snek (SNEK) next week. According to the announcement, deposits and withdrawals for SNEK on Kraken Exchange have been enabled ahead of the April 28 official listing.
Kraken announced that geographical restrictions will apply accordingly to SNEK trading. The listing of SNEK on Kraken is a huge milestone victory for the Cardano ecosystem, which has faced harsh criticism for low on-chain activity.
“Getting listed on Kraken is a huge achievement in itself but opening the door for tier 1 CEX listings for Cardano native tokens is incredible, this is not only a huge Win for Snek but a massive win for everyone building on $ADA,” X platform user EL noted.
Impact on SNEK Price
Following the announcement, SNEK price rallied over 17 percent to trade at about $0.00357 at the time of this writing. As a result, the small-cap memecoin, with a fully diluted valuation of about $273 million and a 24-hour average trading volume of around $4.3 million, had gained more than 42 percent in the past seven days.
The resurgence of SNEK FOMO amid improving fundamentals will play a crucial role in its bullish outlook ahead. In the daily timeframe, SNEK price had already broken out of a falling wedge pattern and signaled bullish sentiment at the time of this writing.
Moreover, the daily MACD line had already crossed the zero line, amid the notable rally of the Relative Strength Index (RSI).
The post Kraken Exchange to List Cardano-based Memecoin Snek on April 28: SNEK Price Gains Over 16% appeared first on Coinpedia Fintech News
The listing of SNEK on Kraken is a massive gain for the wider Cardano ecosystem. With geographical restrictions in place, Kraken announced deposits and withdrawals of Snek are already enabled. SNEK price has consistently closed above a falling daily wedge pattern, signaling further bullish momentum. Kraken Exchange, a veteran U.S.-based cryptocurrency exchange with over 10 …
Hedera (HBAR) is up more than 6% in the last 24 hours, showing renewed signs of strength across multiple technical indicators. Momentum is building, with the DMI suggesting buyers are starting to take control and the Ichimoku Cloud showing a clean bullish structure.
A potential golden cross on the EMA lines could further fuel the uptrend, opening the door for a breakout above $0.178 and possibly even $0.20. With sentiment improving and resistance levels in sight, HBAR is positioning itself for a key move after weeks of consolidation.
Hedera Signals a Potential Shift as Buyers Regain Momentum
Hedera’s Directional Movement Index (DMI) is showing early signs of momentum building, with its ADX rising to 16.27, up from 13.54 two days ago.
The ADX (Average Directional Index) measures the strength of a trend, regardless of direction. Readings below 20 indicate a weak or sideways market, while values above 25 suggest a strong and sustained trend is forming.
With the ADX still under 20, HBAR isn’t trending strongly yet, but the recent increase points to a potential shift in momentum.
The +DI (positive directional indicator) is currently at 22.6 — up from 14.19 two days ago, though slightly down from 26.17 yesterday, and rebounding from 17.8 earlier today.
This shows buying pressure has picked up recently, even if there’s short-term fluctuation. Meanwhile, the -DI (negative directional indicator) has dropped to 13.24 from 17.54 yesterday, signaling weakening selling pressure.
Together, these movements suggest bulls are starting to take control, and if the ADX continues to rise above 20, it could confirm a strengthening uptrend for HBAR.
Hedera Maintains Bullish Momentum as Trend Structure Holds Firm
Hedera’s Ichimoku Cloud chart is currently flashing strong bullish signals. Price action is well above the Kumo (cloud), which indicates clear upward momentum.
The cloud has transitioned from red to green, signaling a shift in sentiment from bearish to bullish.
This transition often suggests that the current trend could sustain if no significant reversal emerges.
The Tenkan-sen (blue line) is positioned above the Kijun-sen (red line), reinforcing a short-term bullish bias. Additionally, the future cloud is sloping upward, hinting at continued strength ahead.
The Chikou Span (green lagging line) is also above the price candles and cloud, further confirming the alignment of all Ichimoku elements in favor of the bulls.
Unless the price breaks down below the Tenkan-sen or the cloud itself, the outlook remains positive.
Hedera Eyes $0.20 Breakout as Golden Cross Nears
Hedera’s EMA lines are showing signs of convergence, indicating that a golden cross could form soon — a classic bullish signal. If that happens, HBAR could break the resistance at $0.178, and if the uptrend continues, it may climb to test $0.20.
Should bullish momentum fully return, Hedera price could rise toward $0.258, marking its first move above $0.25 since early March.
