Category: Cryptocurrency News

Bitcoin is showing strength by holding tight to the $68,000 level, but a run to new all-time highs will require one key component.

The cards integrate balances in fiat money, stablecoins and cryptocurrencies held in custody accounts.

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Dogecoin (DOGE) has been trading below a key resistance level at $0.143 since October 19, and anticipation is building among investors who believe a breakout may be imminent. The popular memecoin has remained relatively steady, yet this critical level has prevented DOGE from moving significantly higher.  Top analyst and investor Ali Martinez recently shared a technical analysis on X, highlighting the potential for a strong rally once DOGE clears this barrier. According to Martinez, a break above the $0.143 mark could trigger a rapid 25% rally, propelling Dogecoin to fresh highs. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating? As market sentiment appears cautiously optimistic, all eyes are on Dogecoin’s performance in the coming days. Investors and traders are watching closely, expecting a decisive move that could set the stage for Dogecoin’s next trend. With the entire crypto market poised for potential shifts, it could be crucial for DOGE to regain momentum.  The outcome of this resistance test will likely play a key role in shaping Dogecoin’s path forward, especially if it ignites renewed interest and buying pressure across the market. Dogecoin Price Starting To Rise Dogecoin is showing renewed strength following a week marked by volatile price action, which included a pullback from a recent local high at $0.149. Now trading near a key resistance level at $0.143, Dogecoin is capturing attention across the market.  Prominent analyst Ali Martinez shared a detailed technical analysis on X, suggesting that if DOGE successfully breaks through this resistance, it could trigger a notable 25% rally, pushing the price up to the $0.175 mark. According to Martinez, the $0.143 threshold is crucial for Dogecoin’s short-term trajectory, acting as a potential launchpad for further gains. Currently, Dogecoin is testing this pivotal level, and market sentiment is growing optimistic about a breakout, especially as other assets signal readiness for upward movement. The next few days will be critical, with analysts expecting potential bullish momentum across the crypto market that could support DOGE in surging higher. Related Reading: Solana Bullish Pattern Holds – Crypto Analyst Sets $202 Target However, should Dogecoin fail to surpass the $0.143 resistance, a period of retracement would likely be necessary to locate lower demand and restore liquidity for the next leg up. A pullback to gather momentum could provide the foundation needed to reattempt a breakout, positioning DOGE for further gains once market conditions align. As Dogecoin teeters on this critical threshold, it’s clear that the outcome of this resistance test will be instrumental in setting the tone for its price action in the near term. DOGE Technical Levels To Watch DOGE is trading at $0.143 after a minor rally from recent lows at $0.127. This level has proven to be a significant resistance point, as DOGE faces challenges in breaking above it. The overall market is signaling potential upward momentum, but for DOGE to maintain its bullish trajectory, it must decisively break past this $0.143 threshold in the coming hours. Successfully doing so would solidify support for a continued rally, potentially driving the price higher in the short term. However, a retracement would likely be necessary if Dogecoin struggles to hold above this resistance. In this case, a dip to a lower demand level around $0.12 could provide the necessary liquidity to reignite buying interest and gather momentum for a subsequent push. This demand zone has previously acted as strong support and could be the fuel DOGE needs to sustain its bullish outlook. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating? As Dogecoin tests these critical levels, traders closely monitor its movements to gauge whether it can break through resistance or if a temporary pullback is on the horizon. Featured image from Dall-E, chart from TradingView

As Robinhood rolls out its presidential election event contracts, the prediction markets Polymarket and Kalshi are drawing in substantial multi-million-dollar revenues tied to election-related trading. Robinhood Jumps Into Election Contracts Scene On Monday, Robinhood said began deploying election event contracts to select U.S. customers on Oct. 28, just ahead of the Nov. 5 U.S. presidential […]

Think your favorite DePIN projects are fully on-chain? Think again — they’re likely leaning on off-chain computations to get the job done.

Crypto traders, market analysts and several metrics suggest that an “altcoin season” is about to begin as Bitcoin price challenges new highs.

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A well-experienced trader recently got significant attention after making a bold statement that an XRP price hike could be somewhere between $30 to $35 based on his assumptions of the market. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details Critics slammed his forecast, but Ralston Maximus, a seasoned investor, defended that the predicted price of XRP climbing to $35 is reasonable. XRP: A ‘Ridiculous’ Target? Another trader expressed his skepticism on the possibility that XRP could have such exponential price growth. In a post, @Phoddler was left in awe of disbelief at Maximus’ price assumption on XRP, calling it a “ridiculous” target. According to @Phoddler, based on his estimates, the price target is simply unattainable. He accused Maximus of proliferating price targets that are excessively optimistic, adding that it could harm the lives of investors who will believe in such exaggerated price predictions. Reality is, it was never looking to break out, thers it much more chance of seeing 30 cent than $7 — MXRP (@phoddler) October 22, 2024 He argued that it is more realistic to predict a price hike of $0.30, insisting that a $30 to $35 hike or even an increase of $7 might sound unreal. Hitting $35 Feasible? Maximus remained firm in his bold assumptions about XRP, saying that he is only telling the truth and being honest about a possible breakout for the digital asset. How the fuck is $30-35 a ridiculous target? It’s the larger measured move $30-35. $7 is the smaller measured move. I’m a trader with my one long term bag $xrp. We got bent up until breakout. The difference is I’m honest about it. Missed opportunity is missed opportunity. U Fk. https://t.co/SGXARjCNmt — Maximus Prime (@RalstonMax) October 22, 2024 He explained that the target is not ridiculous since the $30 to $35 price target represents the most optimistic outlook or as he describes, “The larger measured move.” On the other hand, the price target of $7 is also not irrational because the figure is the conservative assumption for the price rally, adding that the target will remain as a vision until the breakout finally occurs. He also defended that he is a long-term XRP trader and has great confidence in the future of the crypto. Related Reading: MicroStrategy Stock Hits All-Time High As Bitcoin Blazes Past $67,000 Drawing Inspiration From Ethereum Other market observers also agree that a double-digit price for XRP is realistic, citing the possible price upsurge for Ethereum. Although they are predicting a price of $35, they believe that the altcoin can experience a price hike and hit anywhere above $10. At the time of writing, XRP is being traded at $0.5159, which is slightly up by 0.3% in the last 24 hours, data from CoinMarketCap shows. Featured image from Trackinsight, chart from TradingView