Category: Cryptocurrency News

A coalition of software firms recently launched Nigeria’s first compliant stablecoin, cNGN, which is now included in the Nigerian Securities and Exchange Commission incubation program. Stablecoin to Bring ‘Stability’ to Nigeria’s Digital Economy A coalition of software firms recently launched what has been described as Nigeria’s first “compliant” stablecoin, cNGN. The stablecoin, which is now […]

A newly released video analysis by crypto commentator asif.eth (@asifeth) makes the case that Dogecoin is currently trading at what he calls a heavily undervalued level. He offered an explanation of why he believes the coin’s ongoing correction may have just concluded—a process he interpreted through an Elliott Wave lens and, more specifically, an ABC corrective pattern. Has Dogecoin Finished Its ABC Correction? In his discussion, the analyst described how Dogecoin had exhibited a pronounced rise, after which he saw “the first A correction and after that we got a B higher high, higher low… and after that we got a C type correction.” He suggested that this final “C wave” might have drawn the token back into a crucial support region, remarking that “this could be ABC and the current correction is playing out with an RSI at oversold territory,” a condition he views as a strong buy signal. Although he acknowledged the possibility of miscounting the waves, he maintained that the structure points to a broad corrective phase that could now be nearing completion. The key price region he identified spans from around $0.24 down to $0.18, an area he repeatedly called a “very, very good” place to accumulate Dogecoin. He referred to it as a “huge supply turn to huge demand zone,” noting that the token had previously flipped this same range between support and resistance several times. Related Reading: Dogecoin Crashes 40%, But This Analyst Sees A Bullish Setup While he has confidence in the bullish significance of that zone, he outlined $0.16 as a strict cutoff below which he would exit a Dogecoin position, stating, “If in any case… you break below $0.16, you have to sell that token,” because a drop beneath that level could invalidate the entire bullish setup. His point was that continuing to hold an altcoin below such a critical support might expose traders to deeper losses if negative sentiment suddenly accelerates. He also backed up his argument by pointing to the so-called Fib golden pocket, measured from what he described as Dogecoin’s last major low in August 2024 to the subsequent price high. By overlapping that Fibonacci retracement with the same $0.24–$0.18 demand region, he found consistent evidence that the market views this band as pivotal for Dogecoin’s long-term structure. He described it as “exactly aligning with our top supply zone,” explaining that confluence like this—in combination with an oversold RSI reading—boosts the likelihood of a price rebound. Related Reading: Expert Predicts Dogecoin Price Recovery: Targeting New Heights Between $1.5 And $2 Although the analyst mentioned that Dogecoin’s “hype” factor has waned, he interpreted that lack of mainstream speculation as a positive sign, claiming “no one is selling Dogecoin like hyper aggressively,” which could foster stability in the near term. The sentiment, in his view, might shift sharply once traders realize that the coin has bottomed in its ABC correction, especially if broader market conditions turn more favorable. He concluded by reiterating the importance of watching these levels closely. He sees the $0.24–$0.18 corridor as a prime accumulation zone, views $0.16 as a clear stop-loss level in case the market breaks down, and believes Dogecoin’s price action around these thresholds will confirm whether the ABC correction is truly complete. Recalling his own words, “Dogecoin is looking very, very good and very, very discounted in this whole market,” he urged potential buyers to consider the coin’s risk-to-reward ratio at a time when other traders, anticipating the end of the so-called meme coin era, appear to be overlooking it. At press time, DOGE traded at $0.25. Featured image created with DALL.E, chart from TradingView.com

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In a positive turn of events, the court released the 31-year-old developer and placed him under house arrest and electronic monitoring until his trial. Tornado Cash’s Alexey Pertsev Regains Freedom Following Court Decision After languishing in a Dutch jail for nine months, Alexey Pertsev, one of the developers of the cryptocurrency mixer Tornado Cash, was […]

Ethereum experienced one of the most aggressive sell-offs in its history on Monday, plunging 25% in a single day amid market-wide panic. The rapid decline sent shockwaves through the crypto space, marking one of the most volatile trading sessions ever recorded for ETH.  Related Reading: Bitcoin Support Sits At $90,6K Short-Term Holder Realized Price – Expert Reveals Key Resistance Level However, within hours, the price rebounded, erasing nearly the entire drop and stabilizing above key support levels. Despite this swift recovery, Ethereum now faces serious risks as it trades slightly below a crucial resistance level, leaving investors uncertain about its next move. Top analyst Daan shared a technical analysis on X, revealing that both Bitcoin and Ethereum are currently in consolidation, attempting to form a higher low after the dramatic market flush from this weekend. He noted that this phase is critical for determining the next major trend, as holding above current levels could signal the beginning of a new bullish leg.  Failure to establish strong support could lead to further downside, putting Ethereum at risk of another correction. With uncertainty still looming, all eyes are on ETH’s ability to reclaim lost ground and establish momentum for a potential breakout in the coming days. Ethereum Prepares for a Decisive Move Amid Uncertainty Ethereum is currently trading below the $2,800 mark, struggling to gain momentum after last week’s historic volatility. The recent price action has left investors frustrated, as hopes for a strong rally continue to fade. While Bitcoin has shown relative strength, Ethereum remains stuck in a tight range, unable to break above key resistance levels. The uncertainty in the market has led to a decline in investor confidence, with many questioning whether ETH will be able to reclaim its bullish structure anytime soon. Top analyst Daan shared a technical analysis on X, revealing that consolidations are forming everywhere. He noted that BTC, ETH, and most altcoins are displaying similar patterns—attempting to establish a higher low after the aggressive flush from the weekend. According to Daan, if Ethereum successfully breaks above its consolidation channel, it could gain the momentum needed to push above key supply levels and start a new bullish phase. However, failure to do so could lead to more downside pressure. The coming weeks will be crucial for Ethereum’s price trajectory. If ETH can hold above $2,700 and push toward $3,000, it may spark renewed interest from investors. However, continued failure to reclaim key resistance levels could push Ethereum into deeper consolidation, further frustrating market participants. Related Reading: Ethereum Is Testing Key Support on the ETH/BTC Chart – A Parabolic Move Could Be Next Despite short-term uncertainty, institutions are continuing to accumulate ETH, recognizing its long-term value. Historically, these periods of consolidation have been followed by explosive price movements. Price Struggles Below $2,900  Ethereum is currently trading at $2,750 after days of consolidation below the $2,900 mark. Despite multiple attempts to push higher, ETH has struggled to reclaim key resistance levels that would signal a shift in momentum. The price action remains uncertain, with bulls attempting to hold the $2,700 support zone while looking for a breakout above the $2,800 mark to regain short-term control. The most critical resistance level remains the $3,000 mark. If Ethereum can successfully push above this price and turn it into support, it will open the door for a rally into higher supply levels. This would strengthen the bullish case and potentially trigger a move toward $3,300 or higher. Related Reading: Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum On the downside, holding above $2,700 is crucial for avoiding further selling pressure. If ETH fails to defend this level, a drop toward $2,600 or even $2,500 could be the next move. However, as long as Ethereum remains within this consolidation range, traders will continue to watch for a decisive breakout. A close above $2,800 in the coming days would be the first sign that bulls are gaining momentum and that a new uptrend is beginning. Featured image from Dall-E, chart from TradingView

Balancer claims that this new development will allow for more effective utilization of the funds in these pools on Arbitrum as part of its version 3 (v3) launch, automatizing their management to maximize yield. The new version also includes more optimizations. Balancer Launches Boosted Pools On Top Of Arbitrum Balancer, a decentralized finance protocol with […]

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The Commodity Futures Trading Commission (CFTC) which regulates the U.S. derivatives market said it will hold a CEO Forum with leaders from Coinbase, Ripple, Circle, Crypto.com, and Moonpay to evaluate a digital asset markets pilot program. The announcement was made on Friday and the purpose of the program will be to establish regulatory clarity around […]