Altcoin
Dogecoin Price Registers Deviation From Macro Channel, Analyst Sets $6 Target


Dogecoin has faced continued selling pressure, losing the $0.17 support level in the past 24 hours. This price decline comes amid broader market decline, which has seen the meme coin also struggling to regain momentum. Despite this setback, a new technical analysis from Trader Tardigrade shows that DOGE remains within a historically significant macro channel. If the price holds within this range, it could indicate that the bottom has already formed, setting the stage for a significant breakout in the coming months.
Dogecoin’s Price Action And The Macro Channel
According to a detailed technical analysis of Dogecoin’s price action on the monthly candlestick timeframe, shared on social media platform X by crypto analyst Trader Tardigrade, Dogecoin has maintained a well-defined uptrend macro channel that has shaped its long-term price trajectory since its inception. However, the analyst pointed out that there have been instances where the meme coin briefly deviated above or below the upper and lower boundaries of this macro channel before reverting back inside.
The current price action of steady declines since January has seen DOGE now testing the lower trendline level within this macro structure. The question is now whether Dogecoin can rebound from the lower trendline without a deviation or whether it deviates again and trades below the trendline for a few months.

As highlighted by Trader Tardigrade, should DOGE remain within the macro channel without breaking below the lower trendline, it would indicate that the cryptocurrency has already reached its bottom. This scenario mirrors a similar pattern observed in 2017, when Dogecoin’s price respected the lower boundary without deviation. This, in turn, caused a strong rebound and sustained uptrend in the months that followed.
However, past price behavior from 2020 suggests that a deviation remains a possibility, meaning DOGE could temporarily fall below this trendline and spend the next few months trading beneath it. At the time of writing, this lower trendline is positioned around $0.15.
DOGE $6 Price Target And How To Get There
Despite the recent weakness in Dogecoin’s buying pressure, Trader Tardigrade is optimistic about Dogecoin’s long-term trajectory. Notably, the analyst projected a possible Dogecoin price surge toward $6. This ambitious price target hinges on the meme coin maintaining its macro structure without deviating and repeating the previous 2017 growth.
At the time of writing, Dogecoin is trading at $0.1687 after slipping below the crucial $0.17 support level in the past 24 hours. The loss of this support has intensified bearish sentiment, and there’s now a better likelihood of further downside movement in the short term.
Technical indicators suggest that Dogecoin still has room to decline before finding solid footing, and $0.15 is now the next important level to watch. A confluence of factors, including technical indicators such as the Relative Strength Index (RSI), could be pivotal in determining when DOGE might reach oversold levels and bottom out at $0.15.
Featured image from Unsplash, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Altcoin
Crypto Market Peak? Stablecoin Supply Surge Says There’s More Room To Run


The crypto market has been struggling to gain momentum in recent weeks, with Bitcoin and major altcoins falling to new lows this cycle. Price action has been far from encouraging, leaving many traders questioning whether the market has already reached its peak. However, a closer look at stablecoin data tells a different story that suggests the bull cycle is far from over.
Stablecoin Supply Trends And Market Cycles
On-chain data shows an interesting correlation between the stablecoin market and the bull and bear cycles of Bitcoin and other cryptocurrencies. This pattern, identified by on-chain analytics platform IntoTheBlock, suggests that stablecoin supply has historically peaked alongside major market tops. The relationship implies that a surge in stablecoin supply often signals the final stages of a bull run, with declines in supply typically coinciding with the onset of bearish conditions.
A look at previous market cycles reinforces this trend, particularly in the case of Bitcoin. In April 2022, the total stablecoin supply reached an all-time high of $187 billion. Soon after, supply began to decline, aligning perfectly with the start of the last bear market. This phase saw Bitcoin undergo a prolonged downturn, with prices steadily falling until they bottomed out in January 2023. The sharp decline in stablecoin supply throughout that period reflected a broader shift in investor sentiment as liquidity left the market.
At the time of writing, the stablecoin supply has continued to climb despite Bitcoin’s 24% price correction from its recent all-time high. The stablecoin supply has risen to $219 billion and continues to climb. This suggests that the market is still in a mid-cycle phase rather than approaching its peak.
Image From X: IntoTheBlock
Stablecoins Closing In On Ethereum’s Market Cap
Another notable observation regarding the stablecoin market is that despite the recent price stagnation in the broader crypto market, stablecoins still have significant liquidity. Notably, the total stablecoin supply is now just $10 billion away from Ethereum’s market capitalization.
This phenomenon aligns with the recent price decline, which has seen many investors exiting their positions in Bitcoin and other cryptocurrencies and then converting them to USDT and other stablecoins. However, the fact that these funds remain in the crypto industry and are not out is positive.
Although a rising stablecoin supply reflects growing investor caution, it also means a large pool of capital is ready to be deployed once market conditions improve.
Image From X: IntoTheBlock
At the time of writing, Bitcoin is trading at $84,325, having spent most of the past 24 hours trading between $83,688 and $84,504. On the other hand, the crypto market saw a modest increase of 0.3% in the past 24 hours. It is currently at $2.75 trillion, down by 25.8% from its $3.72 trillion peak in December 2024.
If the cycle were nearing its end, history suggests that the stablecoin supply would have already started declining. Instead, the rising trend points to continued market participation and potential for further upside.
Featured image from Midas, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Altcoin
Solana Price Eyes $178 Following $314 Million Bridged From Ethereum

As Solana marks its fifth anniversary, there is palpable optimism for prices to rally in the short term. Experts say Solana price a raft of on-chain data will affect Solana’s price including bridged assets and positive SMA and EMA indicators.
Solana Receives $315 Million Assets Bridged From Ethereum
Solana’s ecosystem is buzzing with optimism following a surge in the volume of bridged assets to the network. According to the latest data, Solana received $314 million worth of tokens from the Ethereum network in the last 30 days.
The metric is a record high for Solana with the volume dwarfing the total bridged assets to Ethereum’s layer 2 projects. According to on-chain data, the value received by Solana from Ethereum is 463% more than the volume transferred to ETH’s layer 2 platforms.
Pundits say the spike in bridged assets over the last 30 days is a bullish indicator for Solana’s price. Right out of the bat, the assets will increase the total value locked (TVL) and liquidity for SOL while increasing user activity.
Others are construing the metric as confirmation of Solana’s dominance over Ethereum, stirring anticipation of a potential flippening.
Solana Price Eyes $178 In The Short-Term
There is increased investor confidence that Solana price can clinch $178 in the short term. On-analysts say if SOL breaks through its 20-day exponential moving average (EMA), investors can expect the easing of current selling pressure.
The easing will fuel a push toward the 50-day simple moving average (SMA) that will see the price face bearish resistance at around $178. However, a price break below $120 could trigger a steeper correction toward $110 and a potential $90.
In the long term, a forming cup-and-handle pattern could send SOL to $3,800 if a break out occurs. Currently, Solana is trading at $129, down by nearly 4% over the last 24 hours.
The network is agog with a slew of activity as Solana marks its fifth anniversary. The failure of the SIMD-0228 proposal still offers a silver lining for Solana given the speed of voting processes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Ethereum Needs A Leader—Or Its Future Could Be In Jeopardy, Ex-Engineer Warns


A former Ethereum Foundation engineer has raised concerns about the platform’s future, warning that a lack of clear leadership is slowing down critical development.
Harikrishnan Mulackal, who worked as a Solidity expert and compiler engineer, pointed out that Ethereum’s upgrade process has become sluggish, with only one major Ethereum Virtual Machine (EVM) change proposed in five years.
Lack Of Leadership Could Hurt The Network
According to Mulackal, Ethereum’s decentralized nature has led to delays in decision-making. He noted that while decentralization is a key strength, it has also made it difficult to push through necessary changes.
The only proposed EVM upgrade, transient storage, was almost scrapped at the last minute. He believes that without a more structured approach, the network could struggle to stay ahead of competitors.
This is why I left the Ethereum Foundation.
There is a lack of a clear and cohesive vision for Ethereum and EVM, making progress in EVM impossible.
I’ve seen EVM changes repeatedly shut down because they don’t check a certain box. The issue is that everyone has a different… https://t.co/TkAngYnycX
— Hari (@_hrkrshnn) March 14, 2025
Mulackal suggested that the network should prioritize execution over research, proposing a schedule of one hard fork per quarter to speed up improvements.
He argues that faster updates could help maintain the platform’s dominance in the blockchain space.
Internal Disagreements May Be A Bigger Problem
Mulackal’s concerns echo similar warnings from industry figures. Wintermute CEO Evgeny Gaevoy has previously said that leadership issues, not its technology, could be its downfall.
Gaevoy pointed out that there are contradictions within the organization’s leadership, with some pushing for market-driven incentives while others focus on social justice goals. This internal conflict, he warned, could lead to setbacks.
Vitalik Buterin, a co-founder of Ethereum, has admitted the difficulties and is apparently working on reordering the leadership of the Ethereum Foundation. Still up for contention, though, is whether these developments will support or undermine the network’s basic values.
Development Slows Down
Ethereum’s development speed has slowed even if it remains a major participant in the blockchain scene. Mulackal’s assertion that only one major EVM modification was suggested in five years begs issues about whether the network can keep up with ideas from competing blockchains.
Before “redesigning” Ethereum, developers have always stressed thorough research. Mulackal, however, feels that this cautious approach is currently dragging the platform back. Ethereum should, he contends, concentrate more on providing useful improvements than on spending years researching possible hazards.
Featured image from Equiti, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
-
Altcoin23 hours ago
Here’s Why The Dogecoin And XRP Prices are Jumping Again
-
Altcoin22 hours ago
BTC Rebounds Ahead of FOMC, Macro Heat Over?
-
Altcoin21 hours ago
Shiba Inu Price Recover: These Levels Are Important To Watch On The Way To ATHs
-
Regulation12 hours ago
Pakistan unveils new ‘crypto council’ amid push for regulation
-
Market12 hours ago
Stellar (XLM) Price Could Surge To $0.38 — Analyst Explains How
-
Altcoin13 hours ago
Solana Price Eyes $178 Following $314 Million Bridged From Ethereum
-
Altcoin11 hours ago
Crypto Market Peak? Stablecoin Supply Surge Says There’s More Room To Run
-
Altcoin17 hours ago
Ethereum Needs A Leader—Or Its Future Could Be In Jeopardy, Ex-Engineer Warns
✓ Share: