Dogecoin has observed a rebound from the support line of a Parallel Channel. Here’s where the next target could lie, according to an analyst. Dogecoin Found Support At Lower Level Of This Channel In a new post on X, analyst Ali Martinez has talked about how the daily Dogecoin price is currently looking from the perspective of a technical analysis (TA) pattern. The pattern in question is a Parallel Channel, which forms whenever an asset’s price witnesses consolidation between two parallel trendlines. The upper line of the channel tracks successive highs, and the lower one lows. Related Reading: This Altcoin Looks Like PEPE Before It Exploded, Analyst Says The cryptocurrency breaking out of either of these levels implies a continuation of the trend in that direction. A surge above the channel is a bullish signal, while a fall under it is a bearish one. There are three different types of Parallel Channels. The Ascending variation occurs when the trendlines are sloped upwards. That is, it represents a phase of consolidation to the upside. Similarly, the Descending type involves the asset going down with time. In the context of the current topic, the third and most common variant is of interest. This type signifies a phase of true sideways movement, with the channel being parallel to the time-axis. Now, here is the chart shared by Martinez that shows the Parallel Channel that the 1-day price of Dogecoin has been moving inside for the last few months: As displayed in the above graph, the Dogecoin daily price recently saw a brief retest of the lower level of the Parallel Channel. This line of the pattern is generally considered a level of support, and indeed, it played this role during the recent retest as well by helping the memecoin to turn around. DOGE has since been on the way up. According to the analyst, the cryptocurrency is now targeting the $0.19 level, situated at the midway point of the Parallel Channel. In the event that Dogecoin can clear this level, it’s possible that the coin may set its sights on the $0.26 mark next. This price corresponds to the upper level of the pattern, which provided resistance to the memecoin on a couple of occasions in May. Related Reading: Bitcoin Short-Term Upper Bound Is $117,000, Glassnode Says From the current exchange rate, a surge to this line would imply an increase of more than 50%. It now remains to be seen how the asset’s trajectory would look in the near future and whether the lines of the Parallel Channel would play any part. DOGE Price At the time of writing, Dogecoin is floating around $0.172, up over 7% in the last week. Featured image from Dall-E, charts from TradingView.com
A recently revised Elliott Wave count analysis by market expert Gert van Lagen has pinpointed a potential price peak for Bitcoin (BTC) above $300,000. The updated price outlook signals that the current market cycle is far from over, with higher targets now in play and this new sell zone outlined for investors considering taking profits and aiming to exit the market at the top. Updated Forecast Puts Bitcoin Price At $395,000 On July 1, Lagen posted an updated Elliott Wave count analysis on X social media, revealing a step-like parabolic formation that suggests that Bitcoin could be entering the final leg of its bullish cycle . The analyst chart predicts that Wave 5 is now potentially targeting a bold market top near $395,000, which also aligns with a sell zone. The chart outlines a textbook parabolic curve, marked by four distinct consolidation phases labeled Base 1 through 4, reflecting a classic structure of a step-like upward move. Lagen’s revised forecast suggests the possibility of a gradual but explosive price movement where the final stage delivers the sharpest rally. According to the updated weekly wave count, Bitcoin completed its Wave 3 above $106,000 and recently concluded Wave 4 below $79,000. The chart shows that Wave 5 has now begun and is unfolding with subwaves i and ii already formed. The next major move is expected to come in subwave iii of Wave 5, which Lagen states would confirm itself through a decisive break above Bitcoin’s current all-time high . This breakout is expected to trigger a strong continuation upward, with the analyst drawing a projected sell line between the $350,000 and $400,000 zone. The chart’s parabolic curve also rises deeply into August 2025, meaning the final peak of Bitcoin’s Wave 5 is anticipated in the next few weeks. In his earlier wave count analysis , Lagen projected that Bitcoin could climb above $345,000 within the same timeframe. However, the newly updated analysis points to a much higher cycle top target, with the analyst’s step-like structure strongly supporting the possibility of BTC tripling its current value of $109,208—positioning $395,000 as a strategic level for profit taking. Community Casts Doubts Over Ambitious BTC Target Despite Lagen’s well-structured technical case for a parabolic rise in Bitcoin, many in the crypto community remain skeptical about the likelihood of the leading cryptocurrency reaching $395,000 in such a short timeframe. Some members argue that the chart overlooks critical downside risks, including the possibility of a retracement toward the mid-$90,000 range due to unfilled gaps and market structure inefficiencies. Others point to macroeconomic and geopolitical pressures as limiting factors, believing the broader cycle may be running out of steam — making a move above $350,000 within the next two months unlikely. For critics, the idea that Bitcoin will climb to nearly $400,000 by August 2025 appears overly optimistic and disconnected from prevailing market dynamics.
TIA has delivered gains for investors but still faces several hurdles.
The crypto market is showing mixed signals today, with the total crypto market cap falling 2.9%. Bitcoin is up 0.5% over the past 24 hours, currently trading just above $109,000 after briefly crossing $110,300. Ethereum has held strong position, rising over 0.7% and trading above $2,570. But what else is happening in crypto news today? Follow our up-to-date live coverage below. The post [LIVE] Crypto News Today: Latest Updates for July 4, 2025 – US House Designates ‘Crypto Week’ to Consider Three Sweeping Reforms appeared first on Cryptonews .
The Internal Revenue Service’s (IRS) criminal division has come under scrutiny for failing to properly document and track billions of dollars in seized cryptocurrency assets, according to a recent report by the Treasury Inspector General for Tax Administration (TIGTA). The watchdog’s investigation, released this week, shows major lapses in how IRS Criminal Investigation (IRS-CI) handles digital assets seized in criminal cases. As of late 2023, the agency had taken custody of around $8b in digital assets tied to open investigations. Yet TIGTA found that IRS-CI did not consistently follow its own procedures for documenting those seizures, leaving key data either missing or incorrect. Watchdog Finds IRS Lacked Basic Documentation in Key Crypto Cases One core issue involved the required seizure memoranda. These documents are meant to formally log the transfer of digital assets into government-controlled wallets. TIGTA found that not all seizures had such memos, and among those that did, many lacked crucial details, such as wallet addresses, transaction amounts, or even the date of the seizure. In one case, wallet addresses were swapped by mistake. Beyond paperwork gaps, the report flagged more serious concerns. Investigators discovered three hardware wallets had gone missing after being handed over by the FBI. In another case, IRS staff shredded the recovery seed phrase for a government wallet, risking permanent loss of access. While the funds were ultimately recovered, the report noted that such errors could have led to irretrievable losses. Litecoin-to-Bitcoin Swap and Decimal Blunder Expose IRS Crypto Flaws IRS-CI was also criticized for converting a Litecoin asset into Bitcoin during a seizure. It failed to preserve the asset in its original form. Later, the agency updated its guidelines to maintain seized crypto in its native format. However, that change came only after TIGTA raised concerns in May 2024. Recordkeeping failures extended to the IRS’s own inventory system, known as AFTRAK. Around 43% of seized crypto assets were listed in the wrong location. In addition, several entries had quantity mismatches that could impact asset valuation. For example, one seized bitcoin holding was undervalued by more than $9,000 due to a simple decimal error. TIGTA issued six recommendations, urging IRS-CI to improve inventory systems, clarify internal guidelines, and enforce timelines for documentation. The IRS agreed to five of them and partially accepted a sixth, citing real-world complications in preserving asset types during seizures. With crypto seizures likely to grow, the pressure is now on the agency to improve its controls and prevent costly missteps. The post IRS Faulted Over Crypto Seizure Records — Here’s What to Know appeared first on Cryptonews .
On July 4, REX-Osprey SOL Spot ETF experienced a significant net inflow of $11.4 million, as reported by Farside Investors. The fund’s trading volume reached $34.904 million, reflecting robust market
Ethereum (ETH) is rapidly gaining recognition as a strategic asset for corporate treasuries, marking a pivotal shift in institutional adoption within the crypto market. Amid economic uncertainties, companies are diversifying
Ripple USD gains major momentum as Amina Bank becomes the first global bank to support RLUSD, signaling a breakthrough moment for regulated digital asset adoption worldwide. Amina Debuts First Bank Support for Ripple’s RLUSD A regulated gateway to stablecoin exposure is rapidly evolving as institutions seek compliant digital assets to bridge traditional finance and crypto
As some of the crypto market’s biggest players brace for more modest gains, investors are starting to look elsewhere. MAGACOIN FINANCE — a meme-powered altcoin that proudly calls itself a decentralized political memecoin — is quickly becoming part of that conversation. Unlike typical meme tokens that ride purely on jokes or internet trends, MAGACOIN FINANCE mixes cultural messaging with a strong ideological stance. Its promise of zero-tax trading and community-first governance is striking a chord, especially with traders who want more control and a say in how things develop. Why MAGACOIN FINANCE Is Catching New Eyes The more cautious outlook around giants like Ethereum and Solana is giving smaller, community-driven tokens a chance to shine. MAGACOIN FINANCE stands out because it’s not just another meme coin hoping to ride hype. It’s built around the idea of political independence, anti-centralization, and giving its holders genuine decision-making power. That approach is pulling in a diverse crowd: meme enthusiasts, altcoin hunters, and even ideological investors who like the idea of a crypto project making a cultural statement. Online communities are growing, and discussions on Telegram suggest many see it as an early-stage ecosystem that could develop rapidly heading into Q4. Ethereum’s Short-Term Picture Grows Cautious Ethereum’s story is still a bullish one over the long run, driven by new network upgrades and its central role in DeFi and NFTs. But for now, analysts are dialling back expectations for any dramatic moves this quarter. Forecasts into Q4 show Ethereum might hover below key breakout levels a bit longer than many hoped. While institutional money and network upgrades continue to build a sturdy foundation, the pace of growth appears to be slowing, at least in the short term. That’s left some investors rethinking their strategies and eyeing fresh narratives that offer more than just incremental technical gains. Solana Prepares for a Slower Climb Solana, too, is finding itself in a bit of a holding pattern. The blockchain made headlines by launching the first U.S. staking ETF tied to its ecosystem, a major step for attracting big-money players. Still, technical analysts see near-term consolidation likely continuing through July, with many forecasting a steadier, slower path upward rather than a rapid surge. Longer-term models still predict healthy upside by year-end, but the immediate excitement has tempered. That shift is pushing traders to consider early-stage projects that pair potential growth with a unique story — exactly the lane where MAGACOIN FINANCE is building traction. Looking Ahead: A Different Kind of Bet With Ethereum and Solana expected to take a more measured route over the next few months, MAGACOIN FINANCE is positioning itself as something different — a blend of meme culture, political edge, and grassroots energy. For traders eager to back projects that stand for more than price charts, it’s an intriguing option to watch as the year progresses. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: 🚀 MAGACOIN FINANCE Gets First Q4 ROI Forecast as Solana and Ethereum Projections Cool — Optimism Fades
On July 4th, Minna Bank, Japan’s pioneering digital-only bank and a subsidiary of Fukuoka Financial Group, revealed its initiative to integrate stablecoins and digital wallets into everyday financial services. This