Altcoin
Dogecoin Price Is Flashing Its First Sell Signal Since This Bull Run Began, Analyst Reveals What To Watch Out For
Crypto analyst Kevin Capital has warned about bearish indicators for the Dogecoin price. The analyst stated that Dogecoin has flashed its first sell signal since its bull run began and revealed what to watch out for following this development.
Dogecoin Price Flashes Sell Signal
In an X post, Kevin Capital said that something to acknowledge and not ignore is that the Dogecoin price is now printing a sell signal on the weekly time frame. He added that this development is not set in stone yet, as Dogecoin needs to print this sell signal on this coming weekly chart to confirm this bearish outlook.
Kevin Capital further highlighted other bearish indicators for the Dogecoin price. He stated that the Moving Average Convergence/Divergence (MACD) shows that momentum to the upside is decreasing. Meanwhile, the Stochastic RSI is topped out, waiting for a bear cross. In line with this, the analyst stated that three strong indicators that currently have confluence show that a potential downside is imminent.
However, Kevin Capital stated that the Dogecoin price action still looks bullish, and the money flow indicator is also bullish. He remarked that he tends to favor these bullish indicators over those in any market. The crypto analyst believes it is still worth alluding to the bearish indicators, as they are something to keep at the back of one’s mind. He added that there is no reason to be a permanent bull or bear. Instead, it is important to stay clear-eyed.
The Dogecoin price is currently consolidating around the $0.4 range and just had its best monthly close this year in November, a month in which it enjoyed a gain of 161%. Thanks to that development, Dogecoin, which struggled in the middle of the year, is now up over 385% year-to-date (YTD).
A More Bullish Perspective For The Meme Coin
Crypto analysts like Trader Tardigrade have offered a more bullish perspective on the Dogecoin price. In an X post, the crypto analyst stated that Dogecoin’s daily candle has closed with a breakout candle out of the bullish pennant. He added that DOGE is finally pushed above the resistance to break the pattern and start the next surge to the $1.3 target.
Crypto analyst Rekt Capital highlighted an ascending triangle which the Dogecoin price confirmed a breakout from, having achieved a daily close above the pattern top at $0.43. His accompanying chart showed that Dogecoin could rally to $0.56 next after breaking out from this ascending triangle.
Crypto analyst The Cryptomist offered a more bullish prediction based on this bullish ascending triangle. She stated that the Dogecoin price is heading to $0.70 this upcoming week. This rally would put the foremost meme coin close to its current all-time high (ATH) of $0.73.
At the time of writing, the Dogecoin price is trading at around $0.43, up almost 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
Nearly a week ago, Donald Trump’s World Liberty Financial (WLFI) annnounced the launch of the USD1 stablecoin but the absence of a listing date continues to stump investors. However, an analyst says the stablecoin will make its debut on exchanges as early as April 1, baring any delays to stablecoin regulation in the US.
Expert Says USD1 Stablecoin Will List On April 1
Pseudonymous crypto analyst xHuai.eth took to X to predict a potential listing date for WLFI’s USD1 stablecoin. According to the analyst, the USD1 stablecoin may be available for trading as early as April 1 in line with industry conventions.
The analsyt disclosed that stablecoins are typically listed on exchanges within days of the annnouncement. WLFI announced the launch of the USD1 stablecoin on March 25 issued on Ethereum and Binance Smart Chain.
xHuai.eth disclosed that stablecoin listings on exchanges hinge on the completion of necessary technical steps. From the announcement, tapping Ehtereum, Binance Smart Chain, and Bitgo for custodial service indicates a completion of the technical steps.
Furthermore, xHuai.eth says that WLFI will be pressured to speed up listing processes to compete with USDT and USDC.
“With the announcement on March 25, the timeframe of March 31 to April 5 is reasonable,” said xHuai.eth. “April 1 is the most feasible date if there are no delays.”
Stablecoin Regulations May Affect The Listing Process
According to xHuai.eth’s analysis, incoming stablecoin regulation in the US will play a role in the USD1 stablecoin listing. The WLFI has previously mentioned that the launch on exchanges hinges on “regulatory approval” for stablecoins.
The US is hurtling toward stablecoin regulations with the GENIUS Act and STABLE Act piquing the interest of the White House. With authorities keen on expediting the passage of regulations, xHuai.eth argues the WLFI will move to list the USD1 stablecoin.
However, a delay in the regulatory process could lead to listing in late April, a scenario that xHuai.eth sees as unlikely. Authorities expect stablecoin regulation to go live in the US within two months driven by full support from the executive arm.
Following the release of the full draft of the STABLE Act, Sonic Labs is abandoning plans for an algorithmic stablecoin. Other issuers are positioning themselves to spearhead the government plans to maintain the dollar’s supremacy using stablecoins.
Aliyu Pokima
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.
The recent XRP price glitch on live American TV has created ripples in the crypto community. In an episode of “American Sunrise Early Edition” on Real America’s Voice, the value of XRP soared to a staggering $21,355, marking a 961,936% uptick from its actual price at the moment.
Notably, other cryptocurrencies like Bitcoin, Ethereum, Solana, Dogecoin, and Cardano also saw variations in their prices during the live TV program. Though the host, Jake Novak, addressed Bitcoin’s price anomaly, he overlooked the XRP glitch.
XRP Price Glitch on Live American TV: Key Details
During an episode of American Sunrise Early Edition on Real America’s Voice, the show displayed incorrect prices for major cryptocurrencies, including Bitcoin and XRP, with the values being significantly different from their actual market prices. For instance, the XRP price was displayed as $21,355, up by more than 961,936% from its actual market value of $2.1.
Throughout the market outlook segment, the XRP price glitch remained on the screen, fluctuating between $2.22 and $21,355. The community largely responded to the incident, drawing the team’s attention to the error.
This incident follows the increasing anticipations of the Ripple lawsuit settlement, driven by the SEC’s recent progressive stance.
XRP’s Repeated Price Glitch
As highlighted by the community members, it’s not the first time that XRP has experienced a price glitch. Historically, the token has seen dramatic price variations due to system errors.
In June 2024, XRP was shown on TradingView at $9,864, a point much higher than its original value. A glitch on Binance presented XRP at $5,791 due to data feed issues in October. In a similar incident, XRP’s value was incorrectly displayed on CoinMarketCap in November 2023, with the platform showing it at $1,919, a significant deviation from its actual market value.
Host Addresses Bitcoin Price Anomaly, Overlooks XRP
Notably, the technical issue on the American live TV has resulted in incorrect price displays for not just XRP, but several other cryptocurrencies. The episode presented Bitcoin’s price at $43,636, marking a significant drop of around 50% from the original value.
Meanwhile, Ethereum (ETH) rose to $6,000, a 156% surge and Solana (SOL) increased to $2,896, up by 1,983%. Dogecoin (DOGE) skyrocketed to $32, a 15,900% increase from $0.22, and Cardano (ADA) increased to $69, a 10,198% rise from $0.67.
Addressing the issue, the show’s host, Jake Novak, stated that the “graph had gone a little funky.” However, he only addressed the Bitcoin price glitch, overlooking the issues with other cryptocurrency values, including XRP.
How XRP Reacts To the Incident?
As of press time, XRP is valued at $2.10, with a notable decline of 5.5% over the past 24 hours. On a weekly and monthly basis, the token has experienced massive dips of 12.9% and 7.3%, respectively.
Despite the prevailing negative trend, the XRP price is facing a positives sentiment within the community. This is significantly evident in the 14.5% surge in the trading volume, currently at $4.18 billion.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
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.
The price Chainlink (LINK) has reversed its earlier growth trends after the broader market nosedived in mid-day trading. The current breakdown has triggered a new worry among investors for a coin that had the prospect of reclaiming its spot among the top 10 largest digital currencies.
The LINK price has fallen to $14.1, down 9.12% in the past 24 hours. This latest selloff has also raised the question of where the LINK floor is triggered.
Bitcoin Price and Bollinger Bands Insight
The Chainlink drawdown is steep and depends on the Bitcoin price selloff triggered by today’s US Core PCE figures. LINK has recorded more selloffs than most altcoins in the top 20 based on a percent decline over 24 hours.
LINK has fared much better on longer timeframes, as the token is still up by 1% in the past 7 days. The token’s Year-to-Date (YTD) growth is 34.76%, making analysts wonder if more selloff is inbound.
The LINK/USDT 4H Chart offers insight into the Chainlink price outlook. The current price is trading at the lower Bollinger Bands, $14.04. The deviation from the upper bands is a sign of intense volatility, which may or may not go well for the token.
Over the past 30 days, the LINK price has not dropped below $13, which is now classified as the next support level to watch.
LINK and Dependence on the General Market
The broader market is divided on what is next for Chainlink. The Oracle service provider remains one of various institutional clients’ most used blockchain protocols.
This means that the adoption of its services depends on the market or external factors.
Besides this, the price action of Bitcoin and other altcoins is also a major determinant of its potential rebound. At the time of writing, the price of BTC has dropped to a new weekly low of $83,872.69, down by 3.77% in 24 hours. With the bearish outlook, Peter Brandt said Bitcoin price crashing to $70,000 is not impossible.
With Chainlink’s dependence on Bitcoin, the altcoin may maintain its current outlook until the top coin prints a new rally.
Major LINK Price Catalyst to Watch
Per an earlier CoinGape report, Chainlink inked a deal with the Abu Dhabi Global Market (ADGM). This LINK partnership with ADGM will support the development of compliant frameworks for tokenized assets, expand blockchain adoption, and promote regulatory dialogue within the UAE and globally.
In an earlier LINK price analysis, projections were made that this partnership may push the token’s price to a high of $44. For now, the protocol’s price action signals caution overall.
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.
Expert Predicts Listing Date For WLFI’s USD1 Stablecoin, Here’s When
Vitalik Buterin Promotes Ethereum Layer 2 Roadmap
US Senators Question Trump’s Involvement in USD1 Stablecoin
Ethereum Drops As Two Whales Face $235 Million Liquidation Risk
Dark Web Criminals Are Selling Binance and Gemini User Data
Bitcoin Price Could Surge To $95,000 — But Analyst Sounds ‘Bull Trap’ Alarm
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Regulation22 hours agoFDIC Revises Crypto Guidelines Allowing Banks To Enter Digital Assets
-
Market24 hours agoPopular Analyst Peter Brandt Identifies XRP Head & Shoulder Pattern, Reveals Path To Take
-
Altcoin18 hours agoAnalyst Reveals Bullishness On Ethereum Price At This Point, Can It Hit $4,000 Again?
-
Regulation21 hours agoSonic Labs To Abandon Plans For Algorithmic USD Stablecoin, Here’s Why
-
Market21 hours agoCoinbase Users Lost $46 Million to Crypto Scams in March
-
Altcoin21 hours agoPiDaoSwap, Trump Media, & Grayscale
-
Regulation20 hours agoUS SEC Drops Charges Against Hawk Tuah Girl Hailey Welch
-
Market23 hours agoWhat to Expect from XRP Price in April 2025
✓ Share: