In an update on X, crypto analyst Jascrypto pointed out that Polkadot (DOT) is currently forming a textbook bullish falling wedge pattern on the daily chart. This technical setup is often associated with a potential trend reversal, signaling the end of a downtrend and the beginning of a bullish breakout. As DOT continues to consolidate within the narrowing bounds of the wedge, market participants are starting to take notice. The structure suggests that bearish momentum may be weakening, allowing buyers to step in. With volume expected to increase upon a breakout, this pattern could mark a pivotal shift for DOT and spark a strong upside move, potentially starting a new bullish phase. Why The Polkadot Falling Wedge Is Bullish Crypto analyst Jascrypto recently highlighted that Polkadot has completed a breakout from a multi-month falling wedge pattern. Falling wedges are typically viewed as reversal patterns, and DOT’s successful breakout suggests that downward pressure may be easing after months of consolidation. This structural shift reflects growing optimism and signals that the asset could be preparing for a larger upward trend. Related Reading: Polkadot Price Caught In A 5-Year Channel – Can It Finally Break Free? Jascrypto pointed out that DOT is currently testing the 100-day and 200-day Exponential Moving Averages (EMAs), key technical levels that often act as strong resistance in bearish conditions. He emphasized that a decisive daily close above these EMAs would validate the breakout and signal a shift in market sentiment. According to Jascrypto, if Polkadot maintains momentum and closes above these critical levels, it may pave the way for a rally toward the $5.5 to $6.0 range in the near term. This move would mark a significant recovery phase for DOT, attracting fresh bullish interest from investors. In an alternative scenario, Jascrypto noted that the worst-case outcome might see Polkadot dipping as low as $3.120 on higher timeframes. However, he added that such a move could set the stage for a much stronger rebound, propelling the price above the $7 mark once momentum returns. Momentum Indicators Lean Bullish – Is DOT Ready To Run? Momentum indicators are beginning to align in favor of the bulls, offering promising signals that Polkadot may be gearing up for a meaningful move higher. The 4-hour Relative Strength Index (RSI) has rebounded from oversold territory, hovering near the midpoint around 50. This shift indicates that bearish momentum is fading, and buyers may be gradually regaining control. Related Reading: Polkadot (DOT) Nears Critical Zone: A Reversal Could Trigger 180% Surge Adding to the optimistic trend, the 4-hour Moving Average Convergence Divergence (MACD) has shown a bullish crossover, where the MACD line crosses above the signal line. A move that often marks the beginning of a new uptrend or a pause in prior downside pressure. Combined, the RSI’s recovery and the MACD’s bullish signal suggest that DOT’s momentum is shifting favorably, setting the stage for a potential breakout continuation if price action remains strong. Featured image from Medium, chart from Tradingview.com
Bitcoin (BTC) has been a cornerstone of the cryptocurrency market, captivating traders and investors with its volatile yet lucrative price movements. As the digital asset fluctuates around the $96,000 mark, market participants are keenly observing the technical indicators that could signal its next significant move. In this context, prominent crypto analyst Ali Martinez has spotlighted two critical support levels for Bitcoin: $93,198 and $83,444. According to Martinez, the failure to hold the $93,198 support level could trigger a downward trend , making $83,444 the next key level to monitor. The most critical support for #Bitcoin $BTC is at $93,198. If it fails, the next key level to watch is $83,444. pic.twitter.com/bWGWrlD2Yd — Ali (@ali_charts) May 6, 2025 The Significance of the $93,198 Support Level The $93,198 price point, as highlighted by Ali Martinez, represents more than just a numerical threshold. It symbolizes a psychological barrier that, if breached, may lead to intensified selling pressure. Recent data reveals that substantial buying interest has been recorded in the price range between $96,475 and $99,574, where approximately 1.87 million addresses acquired 1.79 million BTC. This zone not only marks a technical support area but also reflects a collective sentiment among market participants who have shown confidence in Bitcoin at these levels. However, despite the positive outlook within this accumulation zone, signs of weakening momentum are emerging. Technical indicators, most notably the Relative Strength Index (RSI), have been trending downward, indicating that bearish forces are beginning to outweigh bullish sentiment. Should Bitcoin fail to maintain its position above $93,198, it could instigate a significant downturn as traders look to protect their positions, potentially cascading into a sell-off toward the next critical support at $83,444. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Implications of a Breakdown The potential drop to $83,444 represents a scenario that market participants cannot afford to ignore. Given that Bitcoin recently struggled to sustain an upward trajectory toward the previous high of $99,575, failing to hold the $93,198 level could reinforce a bearish narrative. Analysts caution that a breakdown to $83,444 would not only shake short-term investor confidence but could also trigger margin calls and liquidations in leveraged positions, thereby exacerbating the decline. Market Sentiment and Broader Implications Current market sentiment appears mixed. On the one hand, the strong accumulation near $96,475 offers a sense of resilience. On the other hand, the downward trend in the RSI and the failure to reach a higher high point in the market is losing bullish momentum. Traders are therefore advised to monitor Bitcoin’s behavior at the $93,198 mark vigilantly, as its fate at this level may dictate broader market movements. Bitcoin’s immediate future is tightly bound to its ability to sustain the $93,198 support level. If this critical point fails, the cryptocurrency may face a sharp decline, with the $83,444 support level emerging as the next line of defense. In this volatile landscape, staying informed and alert to technical developments is crucial. As always, investors should weigh the risks carefully and remain prepared for rapid shifts in sentiment and price action. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Bitcoin’s Next Move: Analyst Spotlights BTC Critical Support Levels appeared first on Times Tabloid .
U.S. stocks closed higher Wednesday after the Federal Reserve kept interest rates unchanged and Chair Jerome Powell acknowledged growing uncertainty surrounding the economic outlook. The S&P 500 edged up 0.43%, while the Nasdaq Composite rose 0.27% and the Dow Jones Industrial Average added 284 points, or 0.7%. Disney helped lift the Dow after reporting better-than-expected earnings and a surprise jump in Disney+ streaming subscribers. As expected, the Fed left its benchmark interest rate unchanged at a range of 4.25%-4.5%, where it has been since December. However, the tone of the post-meeting statement and Powell’s press conference pointed to growing concerns that inflation could remain sticky while the economy slows. “The Committee is attentive to the risks to both sides of its dual mandate,” the Fed said in its statement, adding that “the risks of higher unemployment and higher inflation have risen.” Powell echoed those concerns, saying, “My gut tells me that uncertainty about the economy is extremely elevated,” though he emphasized that the negative outcomes had not yet materialized. You might also like: Robinhood plans tokenized U.S. stocks for European investors: report Trade policies The Fed’s cautious stance comes as the Trump administration doubles down on protectionist trade policies. On Wednesday, former President Donald Trump told reporters he would not reduce tariffs on Chinese imports ahead of upcoming U.S.-China trade talks in Switzerland. “Large increases in tariffs could lead to a slowdown in growth, an uptick in long-term inflation, and an increase in unemployment,” Powell said. Markets also reacted to a Bloomberg report that Trump’s team may lift Biden-era restrictions on AI chip exports, which boosted Nvidia shares by about 2%. However, Apple and Alphabet weighed on the Nasdaq, with Alphabet sliding roughly 8% after a report suggested Apple may end its default search engine partnership with Google in Safari, opting instead for its own AI-powered search tools. You might also like: Fed meeting recap: rates unchanged, Powell highlights inflation and unemployment risks
Bitcoin rose and US stocks swung on Wednesday after the Fed kept its interest rate untouched, warning of rising threats to both jobs and prices. The S&P 500 closed 0.1% higher after a messy session. The Dow Jones added 237 points, or 0.6%, helped by a jump in Disney shares. The Nasdaq, hit by tech losses, slid by 0.3%. The Federal Open Market Committee said it’s keeping the overnight borrowing rate between 4.25% and 4.5%, the same place it’s been since December. Fed blames tariffs, Trump doubles down Jerome Powell, head of the Fed, told reporters that if the “large increases in tariffs” currently on the table remain, the country may face slower growth, longer-lasting inflation, and rising job losses. “They could lead to a slowdown in economic growth, an uptick in long-term inflation, and an increase in unemployment,” Powell said. His comment wasn’t subtle. The response from the White House wasn’t subtle either. President Donald Trump, speaking to reporters the same day, said he will not roll back tariffs on China, even as talks are scheduled for the weekend in Switzerland. His trade team is set to meet Chinese officials, but there’s zero promise of compromise. David Kelly, chief global strategist at JPMorgan Asset Management, said during CNBC’s Power Lunch , “This is a somewhat hawkish statement. It says, ‘We are not going to be in any hurry to cut rates because honestly there are risks to both sides of our mandate here and we are not sure which way we should be playing this.’” Kelly also said the Fed’s message was clearly aimed at the Trump administration. “If you read between the lines, ‘Your policies are leading to higher inflation, higher unemployment.’” While policy drama played out in D.C., tech stocks dragged down the market. Alphabet dropped roughly 8%, and Apple lost 1.5% after a Bloomberg report revealed Apple plans to add AI-driven search tools to Safari, possibly replacing Google as the default search partner. Bitcoin rises as traders take profits Outside of Wall Street, Bitcoin traded around $96,500 shortly after the Fed announcement. That’s a 1.7% gain in just one hour. CoinGecko data showed BTC has climbed 22% in the past week. But it’s not just new money flooding in — investors are taking profits aggressively. A post on May 8 from CryptoQuant said that Bitcoin’s 7-day moving average for Net Realized Profit/Loss has been strongly positive since early 2024. It’s now hitting over $1 billion a day, which they called “still high” even after the market’s rebound from the March-April 2025 pullback. It’s not as wild as the November–December 2024 surge, but it’s enough to raise eyebrows. CryptoQuant linked the trend to late-stage bull market behavior — traders taking gains while prices continue to climb. They pointed to previous cycles, like 2021, where this exact pattern happened before local tops or sudden corrections. This time, they said the market looks the same, just a lot bigger. Since spot ETFs were introduced in January 2024, the structure of the crypto market has shifted. But the behavior hasn’t. CryptoQuant wrote that although the tools are new, the mindset is exactly what it was before: “Same behavior, bigger scale.” They warned that as long as realized profits stay this high, the chance of a pullback will grow. If the profit-taking slows, it could be a sign the market is entering a new phase. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Ethereum’s recent Pectra upgrade has sparked discussions about its potential impact on ETH prices, as the cryptocurrency ecosystem faces growing competition. The upgrade aims to enhance network efficiency, prompting analysts
Key takeaways: Reclaiming the $2,200 level remains the first price challenge for ETH. ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity. Ethereum successfully implemented a key network upgrade on May 7, but Ether ( ETH ) price and its derivatives metrics showed little response to the upgrade. The lackluster response surprised traders and led analysts to question whether ETH still has a real chance of climbing 22% to retake the $2,200 level. Ether 30-day futures annualized premium. Source: Laevitas.ch The ETH futures premium has remained below the 5% neutral threshold, indicating a lack of appetite from leveraged bulls. More significantly, this indicator was unchanged at 3% after the Pectra upgrade , suggesting traders did not adjust their positions despite the upgrade’s successful deployment. The subdued response can be partly explained by investors’ focus on macroeconomic issues, as recession risks arise amid uncertainty in global trade disputes. But traders’ lack of interest in Ether predates the recent worsening of risk aversion conditions. In fact, ETH underperformed the broader cryptocurrency market capitalization by 28% in the first three months of 2025. The lackluster price impact following the Pectra upgrade reflects broader dissatisfaction, as competing blockchains have gained traction. Solana monthly active addresses vs. layer-1 competitors. Source: Token Terminal Historically, high Ethereum base layer fees may have limited network activity, but these costs have dropped below $1 since mid-February. Additionally, Ethereum’s leading layer-2 solution , Base, currently boasts 10.3 million monthly active users-far fewer than Solana’s 82.2 million and BNB Chain’s 25.9 million, according to Token Terminal data. Ethereum lags in DApp interoperability — Will it hurt ETH price? Solana has dominated the decentralized exchange sector, particularly in token launches, by offering an integrated user experience. Similarly, Hyperliquid has exceeded expectations in perpetual futures trading, demonstrating that traders’ primary focus is not necessarily on Ethereum’s decentralization and security. Meanwhile, Tron has made significant inroads in the stablecoin market. Blockchains and DApps 30-day fees, USD. Source: DefiLlama Ethereum’s leadership in total value locked (TVL) remains undisputed at $53.7 billion. However, this has provided little benefit to ETH holders, as network fees have been relatively low at $19 million over the past 30 days, according to DefiLlama. For comparison, Tron has amassed $51.8 million in fees in the same period, while Solana has accrued $39.4 million. Source: X/ProbablyNoam Noam Hurwitz, head of engineering at Alchemy, noted that Ethereum blob fees have dropped to their lowest possible level since the Pectra upgrade. For Hurwitz, Ether’s success depends on base layer scalability , including further improvements in the rollup mechanism, and ultimately, a more seamless user experience. Related: Standard Chartered predicts BNB will more than double in 2025 Bridging assets and data across Ethereum’s layer-2 ecosystem has long been a challenge, while users on Solana and BNB Chain can easily switch between multiple decentralized applications (DApps). The Pectra upgrade, while a step in the right direction, does not resolve this issue, which explains why ETH has been unable to reclaim the $2,200 level seen in early March. For Ether’s price to climb 22% from its current $1,810 level, investors likely need reassurance that the network’s progress, whether through deposits or layer-2 growth, translates into clear benefits. Ultimately, improved staking yields or stronger incentives are needed to drive broader adoption of DApps, which in turn would generate increased demand for ETH within the ecosystem. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
In a strong year for stablecoins and real-world assets (RWAs), Layer 1 blockchain Sui is experiencing rapid growth on the stablecoin front. Sui’s stablecoin supply is up 148% to $918 million since the beginning of 2025, and the network’s token, SUI , has been one of the strongest altcoins throughout the market cycle, reaching an all-time high market capitalization of $16 billion in January. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
As Netflix rolls out generative AI, the streaming giant is unironically retiring a Black Mirror interactive title.
Ranking member of the U.S. Senate Permanent Subcommittee on Investigations (PSI), Senator Richard Blumenthal (D-CT), announced that the government entity would launch a “preliminary inquiry” into U.S. President Donald Trump’s crypto ventures, as stated in a May 6 press release. Democratic Senators Seek $TRUMP Inquiry According to a May 6 letter addressed to Fight Fight Fight LLC (one of the organizations behind the newly launched $TRUMP meme coin), Blumenthal scrutinized Trump’s namesake cryptocurrency and the proposed exclusive gala dinner later this month for its top investors. With his cryptocurrency schemes, Trump is putting a for sale sign in front of the White House. That’s why, as Ranking Member of the Permanent Subcommittee on Investigations, I’m launching an inquiry into this brazen corruption whose scope & scale is staggering. pic.twitter.com/3SiaCrthN8 — Richard Blumenthal (@SenBlumenthal) May 6, 2025 “President Trump’s financial entanglements to the $TRUMP coin, as well as the attempted use of the White House to host competitions to prop up the value of $TRUMP, represent an unprecedented, pay-to-play scheme to provide access to the Presidency to the highest bidder,” Blumenthal said. In addition to potentially benefiting Trump, critics of $TRUMP allege that investors in the cryptocurrency may be able to buy favor with Trump, particularly regarding foreign interests. “Chillingly, $TRUMP allows, and even invites, anyone in the world, including foreign governments and unscrupulous individuals, to directly enrich the President, while hiding potential payoffs in the pseudonymity of the blockchain,” he added. Trump’s Crypto Connection Under A Magnifying Glass Blumenthal claimed that he is also “seeking answers” from Zach Witkoff, co-founder of the Trump-affiliated World Liberty Financial, over how the President may be violating the law and using the immense power of the federal government to enrich the company, its foreign business partners, and others in the cryptocurrency industry. Just last week, the recently launched crypto platform announced that its new stablecoin , USD1, will be used to settle a deal between Abu Dhabi-based investment firm MGX and crypto exchange Binance, prompting outrage from several Democratic lawmakers. In an April 25 letter, Senators Elizabeth Warren (D-MA) and Adam Schiff (D-CA) called on Jamieson Greer, the acting director of the U.S. Office of Government Ethics , to launch an “urgent inquiry” into Trump’s ties to the crypto sector. “The American people deserve the unwavering assurance that access to the presidency is not being offered for sale to the highest bidder in exchange for the President’s own financial gain,” they said. The post Richard Blumenthal Probes $TRUMP Coin – Does Foreign Money Buy Oval Office Access? appeared first on Cryptonews .
Cryptocurrency analytics firm MakroVision has shared a remarkable assessment of Bitcoin’s recent price movements. According to the company’s analysis, BTC has signaled a strong rally again by easily breaking through the resistance level at $95,900. All eyes are now on the next major resistance area at $98,600. MakroVision described Bitcoin’s recovery from around $75,000 as “impressive.” In particular, the breakdown of the red downtrend line stood out as the technical development that ignited the fuse of the current rise. In the analysis, it was noted that the $98,600 level was an important liquidity area, and that if this level was exceeded, BTC could head towards higher target areas such as $102,000 and $106,400. Related News: Last Minutes Remaining - FED to Announce Interest Rate Decision, Here Are Expert Expectations and Predicted Date for First Rate Cut On the other hand, it has been argued that the first important support level for Bitcoin is now at $91,700. In case of a possible decline below this level, the support area around $87,500 continues to maintain its importance. At the end of the analysis, MakroVision stated that Bitcoin is moving towards the next resistance level, while drawing investors' attention to the question: “Will BTC be able to achieve the next breakout or is a new correction wave coming?” *This is not investment advice. Continue Reading: Following the Surge, Analysis Company Publishes Current Bitcoin Technicals – Here’s the Area That Needs to Be Surpassed for the Rally to Begin