I've never been to ETH Denver before but planning to go. From those who have been or understand the schedule well what's the best 2-3 days to attend to maximize my experience for meeting people, learning, and having a good time? Many conferences I've been to usually have a few core days which activity is…
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On Jan. 2, 2025, the publicly traded company Bitfufu announced its latest strategic move, securing a partnership with Bitmain to acquire a whopping 80,000 Antminer S units from the prominent ASIC bitcoin mining machine producer. Bitfufu’s Bold Move With Bitmain In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Nasdaq-listed Bitfufu shared […]
Crypto analyst Balo (@btcbalo) has highlighted a major technical breakout on the Dogecoin (DOGE/USD) chart that suggests a bullish trend in the near future. Balo’s analysis, based on a 4-hour chart, points to several key technical developments that are driving expectations of a continued upward movement of the Dogecoin price. Why Dogecoin Looks Poised To Rally A cornerstone of Balo’s assessment centers on Dogecoin’s decisive breach of a longstanding downtrend line on December 28. This downtrend line, originally established from the December 8 apex of $0.48, had served as a formidable resistance level, effectively dictating DOGE’s price movements throughout December. Related Reading: Dogecoin To Rally 6,770% If This Pattern Holds: Crypto Analyst The breakout above this trend line marks a critical turning point. Following this ascent, Dogecoin experienced a minor retracement in which the memecoin swiftly retested the breached trend line. However, the retest was successful, reinforcing the bullish outlook for Dogecoin. Complementing the breakout from the downtrend line is the dissolution of a descending triangle pattern that had been forming since December 21. A descending triangle is characterized by a series of lower highs converging with a relatively flat support level, often signaling a potential bearish continuation. However, Dogecoin’s ability to break out of this formation today, on January 2 suggests a shift in market sentiment. The emergence from the descending triangle, coupled with the breakout, enhances the bullish narrative, although a retest of the triangle’s upper boundary could provide further validation of this upward trend. Integral to Balo’s thesis of a major breakout is also the volume profile, which offers a nuanced understanding of trading activity at various price levels. Dogecoin has rebounded from the substantial support at the highest volume cluster around $0.32, indicating a strong base of accumulated trading interest. Related Reading: Dogecoin Teeters Between ‘Price Discovery’ And ‘Catastrophe’: What’s Next? To the upside, volume is thin until the $0.40 region, where there is a huge cluster up to $0.43. This clustering implies that above this zone, DOGE could encounter minimal resistance, paving the way for Dogecoin to target its yearly high of $0.4834, recorded on December 8. Further reinforcing the bullish outlook is the completion of the ABC pattern on Dogecoin’s chart. The ABC pattern is a corrective sequence in technical analysis that typically signifies the termination of a retracement phase and the continuation of the preceding trend. In Dogecoin’s case, the finalization of this pattern aligns seamlessly with the other bullish indicators derived from the breakout and volume profile analysis. Thus, Balo’s remark “DOGE [is] starting to break out, I don’t see any reason to stop now. New highs real soon,” could signal that DOGE is heading for a new high. At press time, DOGE traded at $0.34. Featured image created with DALL.E, chart from TradingView.com
Meme coins are making a comeback, with several posting double-digit gains in the past 24 hours. This sudden jump has surprised investors, especially given the sluggishness since Christmas. However, one analyst thinks this is just the beginning – predicting that the new Wall Street Pepe (WEPE) coin could be a key player in a larger […]
From Sam Bankman-Fried to the man responsible for hacking Bitfinex, many convicted felons are ringing in 2025 behind bars.
2025 is shaping up as the most important year ever for crypto regulations. Here’s how laws and rules are set to change worldwide.
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Everything's pumping. What's still not moving but worth a short term position? Title says it all. Everythings pumping but I have a it extra cash and looking for something that hasn't moved much yet. Seems hard to come by anything decent but curious if anyone has thoughts. Would like to find something that I wouldn't…
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The XRP price ended the month of December at around $2.08 after a period of back and forth between gains and declines. Although it ended December just above the $2 mark, the XRP price went through a bullish period in the first half of the month, which saw it peaking around $2.9, its peak price in over six years. Despite ending the month at a 28% decline from this six-year peak, XRP has nonetheless achieved the highest monthly candle body close in its history. This interesting phenomenon was noted by crypto analyst Tony Severino, who also suggested that the XRP price is on track to reach $13 this cycle. XRP Price Completes Highest Candle Body Close In History XRP ended December at a 6.94% gain from where it started, building upon an unexpected 281.7% increase in November, according to data from CryptoRank. This period of price increases saw XRP receiving considerable attention from crypto analysts and investors, with various predictions of a continued bullish momentum into 2025. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 However, Bitcoin’s failure above the $100,000 price mark seems to have stalled XRP’s momentum alongside many other cryptocurrencies. This caused XRP to spend the latter half of December in a correction plus consolidation path. Nevertheless, the bullish trajectory remains valid for XRP, with recent technical analysis by crypto analyst Tony Severino also lending voice to this. The XRP price registered its current all-time high of $3.40 in January 2018 but closed out the month at $1.124 to kickstart consecutive bearish candles on the monthly timeframe. As pointed out on the XRP monthly candles by Tony Severino, December 2024 was the highest monthly close for the XRP price. Although the cryptocurrency failed to break past its current all-time high during December, it managed to accomplish this notable milestone. While this isn’t much of a technical indicator, it lends voice to the lingering bullish momentum surrounding the XRP price, which has prevented further price declines below the $2 mark. Technical Analysis Points To $13 Price Target Crypto analyst Tony Severino also highlighted an interesting technical pattern playing out on XRP’s daily candlestick timeframe. According to the analyst, a bull flag seems to be emerging after XRP’s price correction in December. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 The bull flag pattern identified by Severino is a technical setup often associated with significant price surges. It is characterized by the steep upward movement in November, followed by a period of consolidation in a downward-sloping channel in December. A breakout to the upside from the bull flag pattern typically leads to a continuation of the initial rally. In the case of XRP, Tony Severino projected a breakout that would see XRP surge to $13 in the coming months. At the time of writing, XRP is trading at $2.37 and is up by about 12% in the past 24 hours. Reaching the projected $13 target would translate to a 450% gain from the current price level. Featured image created with Dall.E, chart from Tradingview.com
