An expert crypto trader forecasts that Dogecoin (DOGE) will rally to $0.34 in June 2025. His bullish outlook aligns with on-chain data from Santiment after social volumes increased by 12% within 24 hours despite a negative outlook across the broader crypto market. DOGE trades at $0.18 with a 9% intraday loss. The ongoing decline in Dogecoin price coincides with Bitcoin shedding its gains, as most crypto tokens edged lower on Saturday. Expert Predicts 60% Dogecoin Price According to analyst Olivier Maximus on X, the price of Dogecoin may reach $0.34 in June if it meets certain conditions. In his analysis, Maximus stated that DOGE will have to make a downsizing first before it can rally higher and attain this price target in the coming weeks. The swing low will push Dogecoin price to the lower support level of a descending parallel channel, per the analyst. Once it tests this support,… Read More at Coingape.com
Circle Internet Group Inc. (NYSE: CRCL), a top-tier stablecoin issuer, has applied for a national trust bank license in the United States with the Office of the Comptroller of the Currency (OCC). The behemoth stablecoin issuer intends to establish the First National Digital Currency Bank, which would manage its reserves in USDC.
“Circle has long sought to seek the highest standards of trust, transparency, governance, and compliance,” Jeremy Allaire, CEO at Circle, noted. “Becoming a publicly traded company is a significant part of that, becoming a national trust company is again a continuation of that.”
Expected Impact of Circle’s Entrance in the Banking Sector
If approved by the OCC, Circle will join Anchorage Digital, which was issued the national trust bank charter. As a result, more institutional investors’ capital will flow to the crypto market.
To the wider crypto market, liquidity headwinds will be an issue of the past. Moreover, the current U.S. national government, led by President Donald Trump, has laid significant emphasis on clear crypto legislation.
Most importantly, the license will allow Circle to provide custody services for digital assets on behalf of the institutional investors. The palpable success of Circle in the stablecoin market has helped the firm attract more institutional investors, especially in the past year. The recent approval of the Genius Act in the U.S. Senate has increased the overall demand for stablecoins by institutional investors.
Furthermore, President Trump has urged Congress to hasten and pass the GENIUS Act and to facilitate the mainstream development and adoption of stablecoins.
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Circle Internet Group Inc. (NYSE: CRCL), a top-tier stablecoin issuer, has applied for a national trust bank license in the United States with the Office of the Comptroller of the Currency (OCC). The behemoth stablecoin issuer intends to establish the First National Digital Currency Bank, which would manage its reserves in USDC. “Circle has long …
Senator Lummis has once again shown her strong support for the crypto industry. Lummis thanked President Trump for his help to ensure America retains its lead in financial innovation. Senator Lummis Pushes Tax Reform to Protect Players from Double Taxation In a new series of posts on X, Senator Lummis shared her plans to protect
Last week, the PI token attempted a bullish breakout, breaking above a descending parallel channel that had capped its price for several weeks.
However, the rally was short-lived. PI failed to hold onto its gains and quickly retraced, signaling what now appears to be a textbook dead cat bounce.
PI Faces Heavy Sell Pressure
A dead cat bounce is a temporary, short-lived recovery in the price of an asset in a prolonged downtrend. It tricks traders into thinking a reversal is underway, only for the price to resume falling to new lows quickly.
PI’s breakout looked like the start of a recovery following several weeks of decline. However, the failure to sustain the rally and the drop that followed confirms it was a dead cat bounce, with bearish momentum now threatening to push PI toward its all-time low.
Readings from the PI/USD one-day chart show its Balance of Power (BoP) at -0.84, indicating that sell-side pressure remains significant.
The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is positive, buyers dominate the market over sellers and drive newer price gains.
Conversely, negative BoP readings signal that sellers dominate the market, with little to no buyer resistance. This confirms the sustained downward pressure and weakening investor confidence.
The negative BoP readings for PI reinforce the bearish outlook, suggesting that selling activity could continue unless new demand resurfaces.
Furthermore, PI’s Moving Average Convergence Divergence (MACD) indicator confirms the bearish bias against the altcoin. At press time, PI’s MACD line (blue) rests below the signal line (orange).
The MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines.
As with PI, when the MACD line rests below the signal line, it indicates bullish momentum, suggesting waning buying activity. Traders see this setup as a sell signal. Hence, it could exacerbate the downward pressure on PI’s price.
Traders Eye $0.40 Support as PI Struggles to Hold Ground
If the downward pressure persists, PI could slide even further, deepening losses for holders who bought into last week’s breakout. In this scenario, the altcoin’s value could revisit its all-time low of $0.40.
