Author: dfmines

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Dogecoin (DOGE) closed last week on a bullish note after testing critical technical levels that could define its next directional move. The weekly chart on Binance (DOGE/USDT) reveals that DOGE is currently trading just above the significant 0.786 Fibonacci retracement level at $0.167. This retracement is drawn from the all-time low at $0.0805 to the peak of $0.4844. Dogecoin Reversal Confirmed? A notable technical development is the interaction with a long-standing descending trendline, extending from the May 2021 all-time high. DOGE recently retested this trendline as support after breaking above it in November 2024. Last week’s candle printed a Hammer-like formation, characterized by a small real body near the top of the range and a significantly longer lower shadow. While the candle also displays a modest upper wick, the dominance of the lower shadow signals that buyers absorbed aggressive sell pressure below the trendline and pushed the price back above the 0.786 Fibonacci level – a strong bullish signal. Related Reading: Analyst Predicts Dogecoin And Altcoins’ Next Surge – Here’s The Timeline However, this week could be as important as last week. A weekly close above $0.167 seems essential to confirm the momentum. Otherwise, another test of the multi-year trendline could become a make-or-break moment for the Dogecoin price. Notably, momentum indicators remain neutral to bearish. The weekly Relative Strength Index (RSI) closed around 39, reflecting subdued buying strength and highlighting that DOGE is still operating below the neutral 50 mark. The Exponential Moving Averages (EMAs) are providing layered resistance above the current price. The 100-week EMA lies at $0.17284, positioned just above DOGE’s current range, while the 50-week EMA is located at $0.21427. The 20-week EMA, the more immediate resistance during previous rallies, now sits at $0.24805. Support is reinforced at the 200-week EMA around $0.13621, a level that would likely serve as a last line of defense should DOGE crash below the multi-year trendline. Related Reading: Dogecoin Breakout Alert! This Pattern Could Trigger A ‘Parabolic’ Surge Price action in recent weeks also shows DOGE breaking down from a bearish flag or channel formation, with the breakdown accelerating toward the confluence of the 0.786 Fibonacci level and the descending trendline retest. Despite this, the market responded with strong buying interest in the highlighted red support zone. On-chain data further contextualizes the recent price action. Analytics firm Santiment reported via X today that Dogecoin, like most meme coins, has been heavily impacted during the ongoing two-month market-wide retracement. However, Santiment pointed out a bullish divergence on the network side. The firm states: “Dogecoin, like most meme coins, have been hammered during the 2-month crypto-wide retrace. However, we recommend keeping an eye on the rising level of wallets holding at least 1M $DOGE, which has recovered during the price dump. Active addresses are also at 4-month highs.” Adding to this sentiment, crypto analyst Daan Crypto Trades commented via X: “DOGE similar to PEPE but has already retaken the Election level after sweeping it. I think these are key levels to keep watching on a lot of these alts. A sweep & retake signals some short term relief and these levels can offer a clean invalidation level afterwards.” This aligns with the technical observation that DOGE’s recent price action may represent a sweep of liquidity below a key level, followed by a recovery above support — a typical short-term bullish reversal pattern in crypto markets. Featured image created with DALL.E, chart from TradingView.com

Strategy is unleashing a 5 million-share stock offering, strengthening its bitcoin war chest and pushing its aggressive expansion in the world’s largest cryptocurrency treasury. Strategy’s Stock Offering Unlocks More Firepower for Bitcoin Expansion Software intelligence firm Microstrategy (Nasdaq: MSTR), now rebranded as Strategy, announced on March 18 that it plans to offer 5,000,000 shares of […]

Hi! Can someone explain it to me? This topic has been discussed a few times and recently in Bankless podcast. But it is still very complex to me. Some questions I have in mind: – What's the problems L2 landscape is facing right now? – What are Native rollups? Based rollups? What solution(s) to they…
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On Tuesday, onchain investigator ZachXBT raised alarms about the growing prevalence and severity of exploits within the cryptocurrency sector, highlighting the recent Bybit breach as a critical example. ‘This Industry Is Unbelievably Cooked,’ Says Investigator His latest commentary delivers a scathing assessment of the industry’s approach to security, regulatory compliance, and efforts to combat illicit […]

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Analysts remained optimistic about XRP’s potential price surge, predicting that the crypto will pass the critical test and hit somewhere between $33 and $70 despite the setbacks that it is facing lately. Market observers expressed their confidence in the capability of XRP to bounce back amid the decline in its trading volume wherein investors saw a 20% drop. Related Reading: Solana Marks 5-Year Journey – 400 Billion Transactions And Counting XRP Faces Setbacks Reports said that the altcoin is currently facing some challenges to regain momentum for a bullish run as its price and trading volume went on a downward trend. As of writing, XRP is being traded at $2.33, down by 0.1% in the past 24 hours, which is higher than the $2.29 recorded on March 16. On the brighter side, XRP showed some resilience despite the current near-term pressures after posting a 9% increase in the past week. Many analysts have mixed opinions on the price movement of XRP because of these figures. However, some market observers maintained a positive outlook on the long-term of the crypto despite its near-term struggles. #XRP – Today’s Price Action Analysis The Blue Channel is providing a clear indication of #XRP‘s next move. I’ve noted that the equilibrium has been established and is resting on the lower edge of the Blue Channel, making a mini bounce quite apparent In the below previous post.… https://t.co/W3FaTyEkSA pic.twitter.com/SSNxBAY2A5 — EGRAG CRYPTO (@egragcrypto) March 15, 2025 Can XRP Hit $70? One of the crypto analysts who remained confident on XRP is Egrag Crypto, who made a bold prediction on a possible surge. He said that XRP is operating on a cycle that might result in huge price levels in the future. Egrag Crypto believes that XRP could potentially hit anywhere from $33 to $70 in the upcoming months, putting into consideration both its short-term volatility and long-term potential. “I’ve been closely analyzing the strength of Wave 1 across various crypto charts, and after reviewing multiple projects, I’ve noticed a compelling pattern in #XRP that could signal a potential cycle top,” the analyst explained in a post. The crypto analyst expressed confidence in the percentage formulas he used to determine XRP’s price direction, adding that he identified two main targets: Stick 2 and Stick 3, which pertain to $33 and $70. #XRP – 3rd Stick Post ($33 – $70) 🌊 I’ve been closely analyzing the strength of Wave 1 across various crypto charts, and after reviewing multiple projects, I’ve noticed a compelling pattern in #XRP that could signal a potential cycle top. By applying percentage formulas, I am… pic.twitter.com/EXok7CBTW1 — EGRAG CRYPTO (@egragcrypto) March 16, 2025 “Loving the Wave 1 deep dive—XRP got that fire, right? Your cycle analysis is spot on—668% vibes from $0.50 to $3.84, then stacking it again feels spot on, doesn’t it? And those percentage formulas—$33 to $70—Stick 2 and Stick 3, spot on targets—50% and 80% discounts make total sense,” @terryki04112392 commented on Egrag’s post. Related Reading: XRP $15 Breakout? Not A Far-Fetched Idea—Analysis Resistance Levels The crypto expert explained that XRP is currently sitting in a price channel that will influence where it will be heading, adding that the crypto’s price is near $2.83, a critical level that could project strength. The analyst said that once XRP hits that level, this might propel the cryptocurrency to move towards $4.20 in the near term but if the coin fails to have a firm grip above the current levels, it might test support levels below. According to the analyst, $2.40, which was the previous day’s high, and $2.97, which was the week’s high, are two key levels to keep an eye on. Featured image from Gemini Imagen, chart from TradingView