A popular crypto analyst thinks that Ethereum ( ETH ) is on the verge of printing a massive breakout rally also known as a god candle. Pseudonymous analyst Inmortal tells his 221,100 followers on the social media platform X that Ethereum’s two-hour chart looks similar to Bitcoin’s ( BTC ) price action over the last two weeks. The analyst says that while Ethereum struggles to clear resistance at $4,000, he notes that BTC also had trouble breaching $100,000 for weeks before surging to new all-time highs. “Same price action, but with one difference. God candle after the breakout. ETH.” Source: Inmortal/X Based on the trader’s chart, he seems to predict that ETH will surge close to its all-time high of $4,800 after the breakout. At time of writing, ETH is worth $3,892. The trader also has his radar locked on the memecoin Floki ( FLOKI ). According to the trader, FLOKI appears to be trading in a symmetrical triangle pattern and is gearing up to shatter the structure’s diagonal resistance en route to new record highs. “Second leg up – loading. New ATH – loading. Price discovery – loading. FLOKI.” Source: Inmortal/X Based on the trader’s chart, he seems to predict that FLOKI will explode to a new all-time high of $0.00038. At time of writing, FLOKI is worth $0.000219. Looking at Solana ( SOL ), the trader sees the Ethereum rival bursting above its diagonal resistance to rally toward $300. “Something like this. SOL.” Source: Inmortal/X At time of writing, SOL is worth $222.60. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Predicts ‘God Candle’ Breakout for Ethereum, Says New All-Time High Loading for One Memecoin appeared first on The Daily Hodl .
The Dogecoin (DOGE) price appears primed for a significant bullish reversal, supported by technical indicators and market sentiment data. Despite recent downward pressures, several factors suggest a potential upward trajectory for the popular memecoin. #1 Dogecoin Bounces Off Key Support Level (1D Chart) Crypto analyst CRG (@MacroCRG) highlighted the resilience of Dogecoin and PEPE, another prominent memecoin, stating, “DOGE + PEPE both bouncing from important areas. The memecoin demise is greatly exaggerated IMO. Next leg up gonna take many by surprise.” CRG’s technical analysis reveals that DOGE has maintained a daily close above the critical support level of $0.385 for nine consecutive days, despite substantial selling pressure. Similarly, PEPE has sustained crucial support, indicating that the “memecoin season” might be making a comeback imminently. Related Reading: Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’ For Dogecoin, the short-term resistance zone at $0.42 remains a pivotal level. CRG suggests that a break above this threshold could signal the onset of a new bull run, potentially catching many investors off guard. #2 Bullish Market Structure (4-Hour Chart) Further technical insight comes from crypto analyst Gonzo (@GonzoXBT), who provided a technical breakdown of Dogecoin’s price action. Gonzo explained, “DOGE 4H EMA100 -> acting as resistance 4H EMA200 -> acting as support. Until we flip 4H EMA100 we will just chop in between, don’t want to see it lose 4H EMA200 tho.” This analysis underscores the importance of the 4-hour exponential moving averages (EMAs) in determining short-term price movements. The 4H EMA100 currently serves as a resistance level, while the 4H EMA200 offers support. A sustained breach above the 4H EMA100 could facilitate an upward breakout, whereas a failure to maintain above the 4H EMA200 might lead to further consolidation or decline. #3 Trading Against The Crowd Crypto analyst Ali Martinez (@ali_charts) presented another bullish perspective on DOGE’s immediate outlook. He noted, “Market sentiment for Dogecoin has turned negative. It seems as if traders are getting impatient during the ongoing price consolidation!” Related Reading: Bull Flag Formation Puts Dogecoin Price As High As $2.15 This Cycle Martinez’s analysis, based on Santiment data, indicates a sharp decline in both search volume and Weighted Sentiment. Specifically, Weighted Sentiment has plummeted to its lowest point since mid-October, while search volume has dropped to levels not seen since early November. Martinez speculated on potential catalysts that could quickly reignite positive momentum for Dogecoin, referencing the establishment of the new US Department of Government Efficiency under the leadership of Elon Musk. He suggested, “Or you can wait the first POPULAR action of the Department of Government Efficiency.” #4 Liquidation Dynamics Indicate Potential Upside Adding another layer to the bullish thesis, crypto analyst Carlos Garcia Tapia (@CAGThe3rd) shared insights into the liquidation heatmap over the past three days, commenting, “FOMO longs just got liquidated on the 3D chart. DOGE.” The heatmap by Coinglass illustrates a significant liquidation of leveraged long positions clustered between $0.393 and $0.385 over the past two days. But there’s a bullish caveat: with the majority of longs now liquidated, the remaining liquidation cluster is positioned around the $0.42 mark. This setup suggests that Dogecoin could experience a bullish candle formation, potentially triggering further liquidations of bearish positions and propelling the price upward. Why? Because liquidation heatmaps are valuable tools in forecasting price movements as they reflect the underlying market liquidity and leverage dynamics. These heatmaps highlight where traders are most susceptible to forced liquidations, acting as psychological and technical barriers. When the price approaches these levels, large market participants can influence price direction by triggering a cascade of liquidations, thereby amplifying the resultant price movement. At press time, DOGE traded at $0.3843. Featured image created with DALL.E, chart from TradingView.com
A recent survey shows reduced UX friction as traditional gaming expertise shapes blockchain, but mainstream credibility remains a challenge.
Musk Loves Bitcoin could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Musk Loves Bitcoin (MUSKBTC), a new Solana memecoin that was launched today, is set to explode over 13,000% in price in the coming days. This is because MUSKBTC is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Musk Loves Bitcoin can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Musk Loves Bitcoin could become the next viral memecoin. Musk Loves Bitcoin launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Musk Loves Bitcoin on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Musk Loves Bitcoin by entering its contract address – 35GthqqwTd9HokNVfUzGpjsALCJbeUXXeKeJcrPCZsJB – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKBTC. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
El Salvador has reached a significant loan agreement with the IMF, marking a shift in its controversial Bitcoin policies. The country will make Bitcoin acceptance optional for merchants, signaling a
Deutsche Bank develops a Layer 2 protocol for blockchain compliance. The project aims to integrate efficiency with regulatory needs. Continue Reading: Deutsche Bank Develops Layer 2 Protocol for Blockchain Compliance The post Deutsche Bank Develops Layer 2 Protocol for Blockchain Compliance appeared first on COINTURK NEWS .
El Salvador’s struck a loan deal with the IMF and will make Bitcoin acceptance voluntary and roll back government involvement in Bitcoin-related projects.
Federal Reserve Chair Jerome Powell has dismissed the idea of the Fed holding bitcoin, emphasizing legal restrictions, as U.S. crypto policies and market dynamics rapidly shift. Why the Federal Reserve Can’t—and Won’t—Hold Bitcoin Anytime Soon Federal Reserve Chair Jerome Powell reiterated the central bank’s stance on bitcoin during a press conference Wednesday, following a rate
The Dogecoin (DOGE) price took a beating on Wednesday, dumping one 9% as risk assets slumped across the board following a more hawkish than expected policy announcement from the US Federal Reserve. The Fed cut interest rates by 25bps but pushed back against expectations for a continuation of rapid interest rate cuts in 2025. What just happened? The Fed cut interest rates by 25 basis points which is exactly what 97% of market participants wanted. But, the S&P 500 just posted its largest post-Fed drop since March 2020, erasing $1.8 TRILLION of market cap. Why? Let us explain. (a thread) — The Kobeissi Letter (@KobeissiLetter) December 18, 2024 Despite the sharp intra-day decline, the Dogecoin price is holding above support in the form of the 50DMA and its recent range lows around $0.35 for now. After such a strong rally in recent weeks since Donald Trump’s election victory in early November, some are concerned that a deeper retracement could be on the cards in the short term. $0.33-35 has been a key level for Dogecoin going all the way back to mid-2021. Should this level go, the Dogecoin price would be at risk of a sharp dump back towards its early 2024 highs in the $0.23 area. While Dogecoin investors might need to brace for a short-term market dip, there remains plenty of reason to be optimistic on the cryptocurrency’s chances for 2025. Here’s why. Bullish Dogecoin Price Outlook for 2025 – When Will DOGE Hit $1? Dogecoin has two main factors that are playing in its favor. Firstly, the arrival of the Trump administration and a new US Congress is expected to usher in a new golden age for the crypto industry in the US. Meanwhile, chatter about the establishment of a US strategic reserve in the US and in other major nations continues to grow. These combined factors suggest there is massive potential for price growth ahead for major cryptocurrencies – as the number one meme coin, Dogecoin is in a prime position to benefit. Secondly, Dogecoin is inexorably tied into the new Trump administration, with Elon Musk’s new Department of Government Efficiency (D.O.G.E.) named after it. Department of Government Efficiency pic.twitter.com/HFeHYNIkJN — Elon Musk (@elonmusk) September 7, 2024 Musk has been a long-term supporter and proponent of Dogecoin. The world’s largest meme coin is all but guaranteed to retain a leading portion of mind share in the meme coin market as Musk’s D.O.G.E. makes headlines, for better or for worse. So, assuming everything goes to plan – Bitcoin reserves are established and the crypto industry booms – in the coming years, it’s probably just a question of when, not if, Dogecoin hits $1. Analyzing Dogecoin’s relationship to Bitcoin during the last three market cycles can help us answer this question. During the past three market cycles, when Bitcoin (BTC) entered a new phase of price discovery (as it did in April 2017, December 2020 and just recently in November 2024), Dogecoin has always still been languishing well below its record highs. This time is no different. But during the past two market cycles, it only took the Dogecoin price between 1-3 months to catch up and break out to its own record highs. So, assuming history does repeat itself, a DOGE breakout could be coming as soon as early 2025, with $1 likely to be quickly hit. Does This Vote-to-Earn Meme Coin Have Even Bigger Upside Potential? Dogecoin could easily more than 2x in 2025 to hit $1. But there are many smaller, lesser-known meme coins that could post far larger gains. The team at crypto news.com keeps a close eye on the meme coin market as they hunt for high-potential projects. And one new meme coin they like a lot is an exciting new DAO-powered vote-to-earn meme coin called Flockerz (FLOCK) . One of the reasons analysts at crypto news.com are so excited about this token is the impressive pace at which is has been raising funds from earlier investors. Despite only launching a few weeks ago, Flockerz (FLOCK) has already attracted over $7 million from eager buyers. The Flock is growing day by day! 7M raised and this flocks here to stay! pic.twitter.com/a8gFhYt4P8 — Flockerz (@FlockerzToken) December 17, 2024 Couple that with its impressive social media metrics, and this token is looking like a meme coin that could really pop. With new meme coins like Fart Coin recently hitting a $1 billion market cap, the appetite for novel new meme coins appears elevated. FLOCK could easily become one of the best meme coins to launch in 2024. ClayBro outlines in the video below why he thinks the token has 25x potential. The post Dogecoin Bulls Hold $0.35 Support Level – When Will DOGE Hit $1? appeared first on Cryptonews .
During Wednesday’s trading session, the crypto market experienced heightened selling pressure following the U.S. Federal Reserve’s announcement of…