Altcoin
Dogecoin Price Closes Daily Candle With Lower Wick, Why Another Crash Could Be Coming
Dogecoin’s price action has been under intense pressure after another support level at $0.175 failed to hold, leading to a decline toward a crucial zone. The latest daily candle closed with a lower wick after a rebound from the $0.143 level, but technical analysis of the Dogecoin price warns that there may still be more volatility.
Despite a temporary rebound in the past 24 hours from $0.143, there are lingering risks of another downturn. Notably, crypto analyst Trader Tardigrade noted in an analysis that there’s still more work to be done for Dogecoin price reversal to occur.
Price Rejection At $0.143: Temporary Rebound Or Weak Recovery?
Crypto analyst Trader Tardigrade highlighted Dogecoin’s interaction with the $0.143 support level, noting that the daily candle formed a lower wick at $0.14297 before bouncing. This development suggests that buyers stepped in at this price level to prevent more breakdown. However, Tardigrade cautioned that this price rejection alone is not a confirmation of a sustained recovery. The market could still see further tests of this level, potentially with an eventual brief breakdown before any meaningful uptrend can take place.
The recent decline follows an earlier warning from Tardigrade, who had identified $0.143 and $0.128 as reversal levels after Dogecoin closed below $0.175. Once that support was lost, sellers gained control and pushed the price downward. Although Dogecoin has managed to hold $0.143 for now, the market sentiment remains fragile in fear zone, and it is yet to be clear whether the latest bounce has enough strength to lead to a reversal or if more downside is ahead in the coming days.
More Dogecoin Price Manipulation Before A Real Reversal?
Dogecoin has been caught in a persistent downtrend over the past two weeks, mirroring the broader weakness seen across the crypto market. This sustained decline has resulted in the leading meme coin losing multiple key support levels in rapid succession, essentially erasing the bulk of its price gains in the final quarter of 2024.
Investors are currently rolling back on their investments in DOGE, even though it has become known as the choice for retail investors compared to Bitcoin and other large-market cap cryptocurrencies. According to on-chain data, investor sentiment around Dogecoin is at its most negative level of -0.93 in over a year.
Tardigrade’s analysis suggests that Dogecoin could still experience price manipulation in the form of a brief dip below $0.143 before recovering. “Price rejection is only the first early sign of reversal. We still need to monitor the price action,” he said.
This outlook looks similar to that of another crypto analyst who noted that Dogecoin might reach as low as $0.12 in the current downtrend before undergoing any major bullish reversal.
At the time of writing, DOGE is trading at $0.1702, fluctuating within a tight range between $0.1624 and $0.1726 over the past 24 hours.
Featured image from iStock, chart from Tradingview.com
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The price of Cardano has managed to stay resilient as market volatility has continued to grow, riding on new signals for ADA bulls to drive growth. Cardano has remained on the horizon over the past few weeks as it locked in to retail its ranking as the 10th largest cryptocurrency.
With technical indicators showing a potential rebound, such as the golden cross metric, the question remains whether the ADA price can break out of its current consolidation.
ADA and Mission With Market Bulls
Cardano’s price was $0.6282 at the time of writing, up marginally by 0.64% in 24 hours. ADA bounced back from a low of $0.6197 to a high of $0.6340 to extend its ongoing consolidation.
Despite this close trading range, the asset’s price will likely benefit from the positive shift in Open Interest. This metric, as measured by CoinGlass data, has jumped by over 4% in the past 1 hour, a visible change in direction.
With this short-term shift, the total funds committed to ADA in the market are now pegged at 1 billion, worth over $629 million. Open Interest is a key metric that depicts the total value of contracts opened in the derivatives market. The bigger this figure in dollar terms, the more likely a trend shift is.
This current adoption boost has placed the ADA price in the spotlight. With speculation growing on whether the ADA price could hit $3 or higher levels, commitment in the derivatives market can reshape sentiment.
Cardano Price and Golden Cross Setup
Over the past 7 days, the price of the top altcoin, now capped below the $0.6677 resistance level. However, this will change if the current Golden Cross formation plays out.
Per the ADA/USDT daily chart, two major indicators are flashing unique signals that must be watched closely. The Awesome Oscillator is still reading negative, a sign that, though bears remain in control, the excessive selloff might be thinning out.
The Golden Cross, on the other hand, is on the verge of a breakout. The short-term or 9-day Moving Average is about to exceed the long-term or 21-day moving average. If this trend materializes, the Cardano price breakout will be confirmed.
With this signal, an ADA price analysis that teased $4 may be possible despite recent whale selloffs.
Cardano In the News
Amid the sustained dynamic trends in the crypto market today, ADA has remained in the spotlight over the past week.
As reported by CoinGape, the long-anticipated Cardano-Bitcoin staking is likely to become a reality soon. This is a major complement to the growing list of ADA ETF products now filed with the Securities and Exchange Commission (SEC).
If approved alongside other altcoin ETFs, it might usher in another era of institutional adoption for Cardano, setting the coin up for price breakout.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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.
Crypto analyst Master Kenobi has provided a bullish outlook for the Dogecoin price, predicting that it could reach a new all-time high (ATH) in 55 days. He revealed what needs to happen for DOGE to achieve this milestone by June, based on his 55-day target.
How The Dogecoin Price Could Reach A New ATH By June
In an X post, Master Kenobi stated that the Dogecoin price will likely reach a new all-time high within approximately 50 to 55 days once it breaks above the trendline he highlighted on his accompanying chart.
The chart showed that the crucial price level DOGE needs to break above, based on this trendline, is $0.15488. The analyst then remarked that a conservative price target for the top meme coin would be $0.90 by June 5-10.
Master Kenobi had made this prediction while alluding to an earlier post in which he indicated that the Dogecoin bottom was almost near. In that post, he stated that the last time DOGE experienced a downturn, there was a 100-day period from the local bottom to the local top. He noted the meme coin is now halfway through a similar timeframe.
In line with this, the crypto analyst expects the Dogecoin price to reach a new all-time high (ATH) during this period, although he admitted that it is unclear whether it will break the psychological $1 level.
Crypto analyst Kevin Capital also suggested that a massive rebound was on the horizon for the DOGE price. In an X post, he stated that everything is going according to plan for Dogecoin. He urged market participants to stay patient, noting that every day that passes is another day closer.
DOGE Traders Remain Undecided At The Moment
In an X post, crypto analyst Trader Tardigrade indicated that DOGE traders are currently undecided on the meme coin’s next move. In an X post, he stated that the Dogecoin price structure has been converging into a triangle pattern, indicating market indecision.
He noted that during this period, buyers hesitate to buy high, while sellers are cautious about selling low, leading to conservative behavior on both sides. The analyst added that this pattern typically occurs between a downtrend and an uptrend.
This market indecision currently explains why DOGE investors continue to accumulate and dump their coins at will with no clear sign of active accumulation or a wave of sell-offs. As CoinGape reported, crypto whales recently dumped 570 million DOGE, as the Dogecoin price continues to trade sideways.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
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.
Pi coin price went up considerably after a recent announcement outlining the project’s tokenomics and migration plan.
The news revealed that 65 billion Pi tokens have been held in reserve for community mining rewards. This fact accounts for the long-term token distribution strategy of Pi Network, an organization that has labored diligently to develop its ecosystem for more than six years.
Pi Coin Price Pumps Following Token Distribution Details
According to the latest data, the Pi coin price jumped close to 5.5% in the last 24 hours. The coin jumped from an all-time 24-hour low of $0.6098, reaching as high as $0.6599.
Pi had also been in a seven-day trading range of $0.594 to $0.774, and the latest news favored bullish price momentum. Of the 100 billion maximum token supply, 65% (65 billion tokens) is allocated specifically for community mining rewards. CoinGape has also released an analysis of how high Pi Coin can go if major banks start using it.
A Mainnet migration roadmap based on the network’s priorities is now available. https://t.co/fFqpZcgA8M
The roadmap outlines how first migrations, second migrations with referral bonuses, and ongoing migrations on a regular basis will be prioritized in that order. The blog also…
— Pi Network (@PiCoreTeam) April 18, 2025
As per the announcement, the remaining supply is divided among foundation reserves (10 billion tokens or 10%), liquidity purposes (5 billion tokens or 5%), and the Core Team (20 billion tokens or 20%).
A distinctive feature of Pi’s tokenomics is that all allocations track the pace of community migrated mining rewards. This means that as verified community members migrate to the mainnet, tokens from other allocation categories become proportionally available.
The network explained that this structure “was intentionally designed to align the interests of all parties in the network to get as many Pioneers and as many Pi onto the Mainnet as possible.”
In practical terms, this means the effective total supply at any given time can be calculated by dividing the current migrated mining rewards on the blockchain by 65%.
Mainnet migration advances with phased approach
Pi Network has mentioned a structured roadmap for migrating its community of users to the mainnet blockchain. The network highlighted that it has already successfully migrated over 12 million people. They also described this as “an achievement of scalability in the industry.”
The migration process is proceeding in distinct phases based on network priorities. Currently, Pi Network is completing initial migrations for users in the queue. This include verified base mining rewards, Security Circle rewards, lockup rewards, utility apps usage rewards, and confirmed Node rewards.
Once this first migration phase is completed, the network will focus on second migrations that will also incorporate referral mining bonuses attributable to team members who have passed KYC verification.
In addition, the final stage will involve shifting to regular, periodic migrations that will include all bonuses and rewards. CoinGape has also delved into Pi Network price analysis on whether you should sell or hold your Pi Coins.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
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.
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