Dogecoin Price Targets Breakout To Near $1 After Classic Cup-Shaped Recovery

Monicah W

Dogecoin Price Targets Breakout To Near $1 After Classic Cup-Shaped Recovery

Dogecoin price is picking its way gingerly toward $1 after staging a recovery from a small correction. Fundamentals are bullish for DOGE, but the memecoin has to hold its own above a key support level to trigger a fresh rally.

Dogecoin Price Eyes Breakout Above $0.1850

Pseudonymous cryptocurrency analyst BitGuru says Dogecoin price can record an impressive rally above $0.1850 in the near future. According to an analysis on X, BitGuru notes that the bullish run toward $1 will occur in the next price spurt but DOGE will have to tick a few boxes.

Right off the bat, Dogecoin price will have to hold above the $0.1666 price level to trigger the rally northward of $0.1850. However, a slip below the level may see Dogecoin price fall toward $0.1524 again, dousing enthusiasm for a rally.

Doge price is staging a comeback after falling to 0.1524 in what BitGuru refers as a classic cup-shaped recovery. The charts reveal a gradual decline in DOGE price followed by a “bullish beauty” that signals a longer sustained rally.

“DOGE just completed a classic cup-shaped recovery and is stabilizing above key support,” said BitGuru. “If the price holds this level, we’re likely heading toward a fresh breakout above $0.1850 in the next leg up.

DOGE cup-shaped recovery pattern

BitGuru did not give a clear timeframe for his prediction but optimism for Dogecoin price to $1 has reached a fervent pitch. At current prices, Dogecoin will have to rally by nearly 500% to reach the $1 mark buoyed by a combination of fundamentals and on-chain positives.

DOGE Numbers Are Nothing Short Of Impressive

At the moment, the metrics around DOGE are red-hot and glowing following the impressive recovery. Over the last 24 hours, Dogecoin price is up by nearly 4% while seven-day charts are indicating a near-20% increase for the memecoin.

DOGE is trying to cancel out its 30-day 5.47% decline with the new run in form as it consolidates its one-year gains. Despite the impressive figures, transaction volumes are down by 14% just shy of the $1.5 billion mark.

Amid the optimism from the just concluded DOGE day, there are fears that Dogecoin price will tumble as chatter of Elon Musk departure from DOGE gains traction.

Cryptocurrency analyst Master Kenobi argues that DOGE can reach a new all-time high within 55 days. Master Kenobi hinges his prediction on Dogecoin price breaking past a trendline with the analyst tipping a valuation of $0.90 in mid-June.

 

The post Dogecoin Price Targets Breakout To Near $1 After Classic Cup-Shaped Recovery appeared first on CoinGape.

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ECB Rate Cuts Reflect Europe’s Fading Influence on the Crypto Market

The European Central Bank (ECB) cut interest rates by another 25 basis points today, but the crypto market has hardly noticed. This highlights the European market’s declining influence over the crypto sector compared to the US.

Meanwhile, the crypto community is praying for rate cuts in the US, and false tariff rumors caused a massive pump. These policies still matter, but Europe is losing its macro influence.

The ECB Cuts Rates To Crypto Ambivalence

Global recession fears are circulating throughout the crypto market, and regulation plays a key role in them. US investors have been desperate for a rate cut in the hopes that it could provide a bullish narrative.

None has yet materialized. However, the ECB cut interest rates today for the sixth consecutive time, yet the crypto market barely reacted.

“The outlook for growth has deteriorated owing to rising trade tensions. Increased uncertainty is likely to reduce confidence among households and firms, and the adverse and volatile market response to the trade tensions is likely to have a tightening impact on financing conditions,” the ECB said in a public statement.

According to price data, the total crypto market cap has decreased by 0.2% since the ECB announced these rate cuts. Of the top 10 largest assets, all of them posted gains today except one.

Does this mean that macroeconomic factors are losing influence on crypto markets? That notion is demonstrably untrue. Less than two weeks ago, crypto had a huge rally after a false rumor that Trump would pause tariffs.

These gains came back when the pause actually happened. So, macro influence is still very strong in the current markets; it’s specifically that the ECB and Europe are losing influence.

The European Union isn’t the only economic bloc that’s losing its power in the space. Yesterday, the British government announced that inflation was lower than expected, potentially enabling another rate cut.

This, too, had a negligible impact on crypto. Macroeconomic concerns still impact the crypto market, but its strongest links are to the US and Asia.

A clear sign of this change in crypto happened months before the ECB cuts. Tether was forced to leave the EU due to MiCA regulations, but its business was minimally impacted.

It’s still the world’s largest stablecoin despite losing out on the entire European market. In fact, since then, it has taken steps to better integrate with US regulations.

Meanwhile, many large crypto businesses are reorienting towards Asia and the US and away from Europe. Earlier this year, a16z shut down its London office to focus on the US.

Tether relocated to El Salvador, giving it close proximity to the US and easier access to the Latin American market. This growth area is apparently more fruitful than trying again in Europe.

The ECB’s rate cuts barely impacted the crypto market, but that doesn’t mean that the industry will ignore the whole continent. Moving forward, however, EU operations will matter less and less to the largest companies.

This mirrors broader trends, as international capital is refocusing away from Europe. It’s only natural that crypto is part of that pattern.

The post ECB Rate Cuts Reflect Europe’s Fading Influence on the Crypto Market appeared first on BeInCrypto.

BTC, XRP, DOGE Prices Eye Breakout As Trump Hints At Tariff Delay

BTC, XRP, DOGE Prices Eye Breakout As Trump Hints At Tariff Delay

As US President Donald Trump announced a 90-day tariff delay, top cryptocurrencies like Bitcoin (BTC), XRP, and Dogecoin (DOGE) are showing signs of a potential breakout. In addition, with Trump’s hint at pausing the 50% tariff on China, all eyes are on its potential impact on the broader crypto market.

With the traditional financial market experiencing relief after a massive downturn, cryptocurrencies, in correlation with stocks and bonds, are exhibiting positive momentum. Thus, Trump’s pause on his tariffs has sparked speculations of a bullish turn in BTC, XRP, and DOGE prices.

How Will Trump’s Tariff Delay Impact BTC, XRP, DOGE Prices?

Notably, Trump’s unexpected pause on his tariff plans has sparked anticipation of a bullish reversal in the crypto market. These speculations have been further boosted by the Bitcoin price’s recent rally past $94k, marking a significant market shift.

Other top cryptocurrencies like XRP and DOGE have also seen a bullish resurgence following Trump’s tariff delay. Considering the prevailing positive sentiment, analysts and traders remain optimistic about the future performance of BTC, XRP, and DOGE prices.

BTC Price to Hit $180K

Analyst CryptoELITES believe that the Bitcoin price is poised to hit a new all-time high of $180,000 in November 2025. At the same time, crypto expert Merlijn The Trader forecasted the BTC price’s bullish rally to $150k in the near future. Now, Bitcoin is exchanging hands at $94,386, up 1.9%.

BTC, XRP, DOGE Prices Eye Breakout As Trump Hints At Tariff Delay
Source: X, CryptoELITES

XRP Price Sets Sights at $50

In a recent analysis, expert XRP Governor has set a long-term target for the XRP price amid the latest Trump tariff delay. According to him, XRP could reach an ambitious high of $50 in 2027. Currently, XRP is valued at $2.20, up 2.29%.

DOGE Price Targets $0.22

Dogecoin, which is currently trading at $0.1821, has a short-term target of $0.22. Identifying a bull flag on its price chart, analysts predict DOGE’s potential uptrend.

Crypto Market Boost

Significantly, the crypto market is about to witness its highest rally, as pointed out by market expert Michael van de Poppe.

BTC, XRP, DOGE Prices Eye Breakout As Trump Hints At Tariff Delay
Source: X, Michael van de Poppe

Trump Views High Tariff as a Victory: Here’s Why

According to Donald Trump, high tariffs, 20%-50%, on foreign imports will be a “total victory” as the US will make a fortune from the revenue generated. In addition, these tariffs will attract companies to set up production in the US. This will create job opportunities and economic growth.

Furthermore, Trump draws comparisons to other countries like China, India, and Brazil to highlight their high tariffs. Thus, he acknowledges that tariffs are a key component of his economic policy.

In conclusion, this move has sparked speculation about a potential bullish rally in the crypto market, with Bitcoin being a key beneficiary.

The post BTC, XRP, DOGE Prices Eye Breakout As Trump Hints At Tariff Delay appeared first on CoinGape.

Hyperliquid JELLY Manipulation Breakdown: How a 500% Pump Nearly Cost $12M

Hyperliquid JELLY

The post Hyperliquid JELLY Manipulation Breakdown: How a 500% Pump Nearly Cost $12M appeared first on Coinpedia Fintech News

Hyperliquid, a decentralized exchange, faced a big problem when the price of meme coin JELLYJELLY suddenly jumped by 500%. It looked like someone was manipulating the market, putting the exchange at risk of losing $12 million. But before things got worse, Hyperliquid’s team stepped in, fixed the issue, and turned the loss into a $700K profit. To stop any more trouble, they shut down trading for JELLYJELLY.

How One Whale Nearly Broke the System

The chaos started when a trader holding 124.6 million JELLYJELLY tokens, worth $4.5 million, placed an $8 million short bet on Hyperliquid. This forced the platform’s liquidity vault to take on the risk. But then, another wallet likely controlled by the same trader opened a massive long position at the same time. This caused JELLYJELLY’s price to skyrocket, leading to mass liquidations and huge profits for the trader. Arkham later revealed that this was a deliberate strategy to exploit leverage and drain funds from Hyperliquid.

But the plan backfired when the trader’s accounts were restricted to reduce-only orders. This meant they could no longer open new trades and had to start selling off tokens from the first account to recover some of their funds, despite still having millions in unrealized gains.

As JELLYJELLY’s price kept climbing, Hyperliquid’s liquidity vault faced the risk of a massive wipeout. If the token’s market cap kept rising, the vault could have lost everything. Seeing the surge in trading, major exchanges like Binance and OKX stepped in, listing perpetual futures for JELLYJELLY to capitalize on the hype.

Hyperliquid Pulls the Plug

With the situation escalating, Hyperliquid validators stepped in and reset JELLYJELLY’s price to $0.0095—the level where the whale had originally placed their short position. This allowed the platform to liquidate 392 million JELLYJELLY tokens, converting a multi-million-dollar disaster into a manageable $703K profit.

However, to prevent further manipulation, Hyperliquid immediately closed all open JELLYJELLY positions and removed the token from its platform. The team also promised to reimburse affected users, with compensation set to be distributed automatically, except for flagged addresses suspected of being involved in the scheme.

A Blow to Hyperliquid’s Reputation?

Hyperliquid’s response to the crisis drew mixed reactions. Some praised its quick action, while critics like Bitget CEO Gracy Chen argued it acted more like a centralized exchange. BitMEX co-founder Arthur Hayes also questioned the handling of the situation.

This marks Hyperliquid’s second major liquidity scare in just two weeks. Earlier, a whale’s $200 million Ethereum long liquidation caused a $4 million loss for its liquidity vault. The repeated turmoil has shaken confidence, sending Hyperliquid’s native token, HYPE, down over 12% in a day and over 30% for the month.

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The post Hyperliquid JELLY Manipulation Breakdown: How a 500% Pump Nearly Cost $12M appeared first on Coinpedia Fintech News
Hyperliquid, a decentralized exchange, faced a big problem when the price of meme coin JELLYJELLY suddenly jumped by 500%. It looked like someone was manipulating the market, putting the exchange at risk of losing $12 million. But before things got worse, Hyperliquid’s team stepped in, fixed the issue, and turned the loss into a $700K …