Despite a recent 16% price decline, Dogecoin (DOGE), the world’s largest crypto meme coin, is poised to continue its downward momentum. The reason behind this speculation is the formation of a bearish price action pattern on the daily time frame amid ongoing bearish market sentiment.
Dogecoin (DOGE) Technical Analysis and Upcoming Levels
According to CoinPedia’s technical analysis, DOGE appears to be bearish as it has formed a textbook-style head and shoulders price action pattern on the daily time frame. Additionally, the price of the meme coin is on the verge of a major breakdown.
Source: Trading View
Based on recent price momentum and historical patterns, if the meme coin breaches the neckline of the bearish pattern and closes a daily candle below the $0.16 mark, it could drop by 21% to reach the support level of $0.13 in the future.
As of now, DOGE is trading below the 200 Exponential Moving Average (EMA) on both the daily and four-hour time frames. This indicator suggests that the meme coin is in a strong bearish trend and is following a downward momentum.
However, traders and investors often use this setup to sell off or short the asset whenever its price shows any signs of upward movement.
Current Price Momentum
At press time, DOGE is trading near $0.168 and has recorded a 1% price drop over the past 24 hours. Meanwhile, during the same period, its trading volume declined by 60%, indicating reduced participation from traders and investors—potentially due to bearish market sentiment.
$6 Million Worth of DOGE Outflow
However, amid this bearish outlook, investors appear to be accumulating tokens, potentially signaling a classic buy-the-dip strategy, according to on-chain analytics firm Coinglass.
Source: Coinglass
Data on spot inflows and outflows reveals that exchanges have seen an outflow of approximately $6.11 million worth of DOGE over the past 24 hours. This substantial outflow suggests potential accumulation and could lead to increased buying pressure.
Yet, while this massive outflow has the potential to trigger an upside rally, the prevailing bearish market sentiment may make it difficult to sustain such upward momentum.
Cardano has garnered attention for its slow-but-steady approach, but many wonder if it can keep up with Rollblock’s meteoric growth. Surprises have emerged in the crypto market, and some fresh contenders are shaking up old beliefs. With an established player network and a booming presale, rumours indicate that Rollblock could overshadow even established names.
Why Rollblock Could Surpass Older Projects
Rollblock shines as a premier GambleFi platform on Ethereum, merging DeFi and iGaming in a way few can match. It has already raised $10.8 million during its presale and offers a $0.06 token entry point for early supporters.
Fans see this project as a potentially huge performer, especially given its real-world utility. The network supports more than 7,000 games, including slots, live dealer events, and sports betting markets – all powered by Ethereum-backed smart contracts for maximum fairness.
Tokenomics are structured to reward loyalty. By buying back and burning a percentage of RBLK tokens, Rollblock reduces supply, driving potential price growth. Specifically, 60% of repurchased tokens are permanently destroyed, while 40% go to stakers.
Such measures aim for long-term stability. Meanwhile, robust staking APYs (up to 30%) make holding RBLK highly attractive. Weekly dividends also await those who keep tokens locked since a portion of the casino’s revenue is shared with holders.
This model creates ongoing passive income without sacrificing user confidence. Analysts note that Rollblock’s low market cap and unique approach could outperform bigger coins in the upcoming bull run. By focusing on both entertainment and profit generation, Rollblock sets a new standard for integrated DeFi platforms. This blend intrigues savvy investors.
Can Cardano keep up?
Over the past few months, ADA attracted fresh attention as large holders accumulated over 130 million coins. This trend shows growing whale interest, reflecting optimism about future adoption.
In fact, a prominent crypto analyst (Kwantxbt) recently noted that the token had “strong consolidation around $1.06–1.07 after [a 61% jump]” and believes the lower trading volume signals accumulation.
ADA showing strong consolidation around $1.06-1.07 after that impressive 61% surge. Volume declining indicates accumulation phase. Resistance at $1.19, support at $1.05. Looking bullish with potential for another leg up if it holds above $1.05. Confidence level: 7/10
Beyond social media buzz, ADA whales have steadily built positions, suggesting confidence in upcoming developments. Network data indicates consistent usage, though some question whether it can match Rollblock’s pace.
Nevertheless, many traders expect ADA to hold its place among top blockchain contenders. Looking ahead, if whales remain bullish, ADA may stay in demand, but the fierce competition from emerging projects should not be overlooked.
ADA Also Faces Competition From Other Coins
Meanwhile, Chainlink and Toncoin continue expanding their DeFi ecosystems, challenging ADA for user attention. Each boasts strong developer support and novel features, but neither matches the multifaceted approach that Rollblock brings to the table.
Some analysts argue that ADA must innovate at a faster pace to stay competitive against these rising stars. Yet, many see opportunities for cross-chain collaboration and shared liquidity, lifting all boats. Still, with ADA holders anticipating new governance and dApp releases, the real question is whether any competitor can outpace Rollblock’s rapid momentum.
Observers note that if this crypto expands partnerships, it might stand its ground alongside these platforms, but Rollblock’s unique GambleFi edge continues to intrigue investors. Even though Donald Trump shared that he would include this coin in the national reserve, it might not be enough.
The crypto space often rewards those who spot emerging trends before they become mainstream. Rollblock appears poised to claim that spotlight, backed by strong tokenomics and broad functionality.
Established projects still hold weight, but ambition can transform an underdog into a leader. Whether it’s gaming, DeFi, or community growth, Rollblock seems ready to push boundaries, and investors should be prepared for significant momentum as markets shift in favor of daring newcomers.
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The post Can Cardano (ADA) Compete With Rollblock’s (RBLK) Meteoric 500% Rise? appeared first on Coinpedia Fintech News
Cardano has garnered attention for its slow-but-steady approach, but many wonder if it can keep up with Rollblock’s meteoric growth. Surprises have emerged in the crypto market, and some fresh contenders are shaking up old beliefs. With an established player network and a booming presale, rumours indicate that Rollblock could overshadow even established names. Why …
Ethereum price eyes a 250% rally as China’s 34% tariffs on U.S. goods fuel macro uncertainty, driving capital into crypto markets.
Why China’s 34% Tariffs on U.S. Goods Could Propel ETH 250%
Ethereum price traded near $1,820 on Friday, rising 1.6% in a muted performance compared to broader market leaders. While Bitcoin (BTC), Solana (SOL), and XRP all rallied over 3%, ETH lagged behind.
However, China’s 34% tariffs on U.S. imports introduce fresh volatility triggers that could accelerate ETH’s upside momentum.
BTC/Nasdaq Correlation Hits 37-Day Low Amid Trade War Tensions
Markets reacted sharply to China’s unexpected decision to impose 34% tariffs on a broad range of U.S. imports.
Equities dipped in early trading, but crypto assets remained largely resilient.
According to TradingView data, Bitcoin’s correlation with the Nasdaq 100 fell to 0.42, its lowest level since February 25.
Bitcoin Price Correlation to NASDAQ 100 | BTCUSD
Historically, such divergence signals capital rotation. When equities experience trade-related instability, investors often seek alternative hedges, initially favouring Bitcoin.
If momentum continues, ETH price typically follows with steeper gains.
Reallocation Accelerates as Macro Risks Intensify
The current geopolitical backdrop mirrors 2019, when market turbulence from COVID-19 lockdowns led to increased capital inflows into crypto.
With global retaliation measures now escalating following Trump’s tariff rollout, ETH price could soon surpass the $1,900 resistance level and sustain a broader uptrend.
US Fed Rate Pause Could Boost Ethereum’s DeFi Ecosystem
Following the Federal Reserve’s latest policy meeting, another rate pause now seems likely. If traditional savings and treasury yields remain low, investors may shift capital into DeFi for higher returns.
As the leading smart contract platform, Ethereum’s DeFi sector could see rising demand, increasing ETH accumulation.
If additional retaliatory trade measures emerge, alternative assets like ETH may gain further traction.
ETH Price Forecast: Falling Wedge Pattern Hints at a 250% Rally
Ethereum price is forming a falling wedge, a historically bullish pattern suggesting a potential 250% breakout toward $3,200. ETH is testing the wedge’s upper boundary near $1,900, with confirmation requiring a sustained close above this level.
The MACD indicator signals early bullish momentum, with an imminent MACD line crossover. If buyers sustain pressure above VWAP at $1,804, ETH could confirm the wedge breakout and accelerate higher.
ETH Price Forecast
However, rejection at $1,900 could invalidate the bullish outlook, exposing ETH to $1,600 support. A breakdown below this level might send prices toward $1,400, aligning with historical support zones.
Ethereum next move depends on Bitcoin’s strength and macroeconomic trends. If ETH breaks out, it could mirror past parabolic rallies, but failure to breach resistance may lead to deeper corrections before a true recovery. Traders should monitor volume and momentum for confirmation.
In a rapidly shifting global economic landscape, the BRICS alliance—comprising Brazil, Russia, India, China, and South Africa—has been steadily solidifying…
