5 hours ago

Dogecoin At A Crossroads: Bullish Breakout Hints At Major Upside Ahead

Dogecoin has just made a noteworthy move on the charts, breaking out from a bullish formation that had traders watching closely for signs of a trend shift. After consolidating within a tightening range, the price pushed past a key resistance zone. This breakout is generating excitement across the market, with analysts pointing to the potential for further upside if buying pressure continues to build. However, with critical levels now in play, the spotlight turns to whether the bulls can sustain this momentum and defend the breakout zone. A strong follow-through could pave the way for DOGE to target higher resistance levels and kick off a broader uptrend. Make-Or-Break Moment For Dogecoin In a recent tweet on X, popular analyst Whales_Crypto_Trading highlighted that Dogecoin has successfully completed a classic cup and handle pattern, a formation often associated with bullish continuation. According to the post, DOGE has now approached a critical resistance zone, which previously acted as a barrier to upward momentum. Related Reading: Can Dogecoin Realistically Reach $3? Analyst Weighs In This area is crucial since a breakout above it could validate the pattern and trigger a fresh wave of buying interest, potentially propelling the price toward new short-term highs. As Dogecoin hovers around this pivotal level, speculations are whether DOGE has enough momentum to push through and confirm the breakout. He further noted that if the breakout holds and momentum builds, Dogecoin might be on track to target key price levels at $0.50, $0.73, and eventually the $1.00 milestone. These levels align with historical resistance zones where DOGE has faced selling pressure in the past. A sustained move toward these targets would reinforce the bullish pattern and mark a significant recovery from its recent consolidation phase. Technicals Point North: Key Indicators Flash Green Looking at the technical indicators, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are signaling positive momentum for Dogecoin, suggesting that the recent bullish breakout could have room to run. Related Reading: Dogecoin Price Squeezes Into Triangle With Breakout Closing In The RSI has risen past the 50 mark and is currently near 63, indicating that Dogecoin is in the positive zone with increasing buying pressure and healthy upward momentum. This shift in market sentiment supports the likelihood of more gains. Meanwhile, the MACD is also showing bullish signs, with the MACD line above the signal line and the histogram widening. The divergence between the MACD and signal line reinforces the potential for sustained buying pressure and further upside for Dogecoin. Both indicators are aligning, reinforcing the idea that Dogecoin’s breakout is not just a short-term spike but a signal for a sustained rally. With strong momentum from these indicators, the path looks clear for DOGE to challenge higher resistance levels, and a potential retest of $0.50, $0.73, or even $1.00 may be on the horizon. Featured image from Unsplash, chart from Tradingview.com

NewsBTC

You can visit the page to read the article.
Source: NewsBTC

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

American Investors Regain Confidence Amidst Structural Shift in Crypto Market

Crypto markets have shown renewed energy following a period of correction. This has prompted a growing speculation about a possible trend reversal. While it’s too early to call it a full recovery, investor behavior is starting to suggest something more than a temporary bounce. US investors, for one, appear to be regaining confidence. US Buyers Lead Charge Since April 21, Bitcoin has shown signs of a trend reversal. CryptoQuant observed a renewed buying interest from major investors. Notably, whale accumulation on Binance has preceded each rebound, soon mirrored by activity on US-based crypto exchange Coinbase. This sequence has fueled growing optimism across the crypto market. A key indicator, the consistently positive Coinbase premium, points to steady demand from US investors and minimal resistance from sell-offs. The contrast in market sentiment before and after April 21 signals more than just a temporary recovery. The analysis suggests that the current movement reflects a deeper structural shift, as confidence among American investors appears to be strengthening alongside improving momentum. Binance Futures Volumes Surpass $1.04 Trillion This shift is now visible beyond spot markets. A similar trend reversal appears to be unfolding in the derivatives space as well. As per the latest stats shared by CryptoQuant, Binance has recorded over $1.049 trillion in futures trading volume so far in April 2025, especially fueled by Bitcoin’s recent nearly 10% recovery over the past week. Interestingly, this is the second-highest monthly volume for Binance this year, trailing only January’s $1.23 trillion and surpassing both February’s $962 billion and March’s $683 billion, with a few more days still remaining. Other major crypto exchanges are also reporting strong increases. For instance, OKX posted $519.9 billion, while Bitget reached $435.4 billion. Meanwhile, Bybit recorded $409.2 billion, all showing significant month-over-month growth. The rise in futures activity reflects increased market participation and directional conviction. “The increase in trading volume suggests serious market participation and interest in futures markets during this price move.” The post American Investors Regain Confidence Amidst Structural Shift in Crypto Market appeared first on CryptoPotato . NewsBTC

Nvidia Continues to Keep Crypto at Arm’s Length

Arbitrum (ARB) was set to make a splash. The Layer 2 network, home to a growing number of decentralized AI platforms, was preparing to announce a milestone: it had been named Nvidia’s exclusive Ethereum partner for the chipmaker’s new Ignition AI Accelerator, an offshoot of its Inception program that supports promising AI startups with infrastructure credits and mentorship. Then came the pivot. “We received some last-minute comms from Nvidia requesting to pause the announcement, however, they didn’t provide any specific details as to why,” a spokesperson told CoinDesk in an email. It’s a telling moment, and a reminder that despite crypto’s continued efforts to align with the booming AI sector, Nvidia’s programs still explicitly exclude crypto-related projects. A quick look at the Inception Accelerator’s criteria ( Ignition is an offshoot of it, given the Inception badge on its site) shows a clear disqualifier: cryptocurrency. This stance isn’t new, and while it may frustrate crypto developers looking to tap into Nvidia’s ecosystem, it reflects a longer history of distance, and occasional disparagement, from the company’s leadership. Back in 2018, co-founder and CEO Jensen Huang described the fallout from the ICO boom as giving Nvidia a “crypto hangover.” Ethereum’s price collapse left the company saddled with unsold GPU inventory, and Nvidia later paid a $5.5 million fine over how it reported crypto-related revenue impact. Years later, in a 2023 interview with The Guardian , Nvidia CTO Michael Kagan was more direct: “Crypto doesn’t bring anything useful for society,” he said, adding, “I never believed that [crypto] is something that will do something good for humanity,” contrasting it to AI. This skepticism has stood in stark contrast to Nvidia’s embrace of artificial intelligence, and occasional tolerance of blockchain. At the company’s 2024 Graphics Technology Conference , Huang appeared onstage with Illia Polosukhin, co-author of Attention Is All You Need , the paper that introduced Transformer models, which are the foundation for modern AI tools like ChatGPT. While Polosukhin also co-founded the NEAR blockchain, the discussion centered squarely on AI, not crypto. The closest nod to the industry came when Huang, in characteristically broad strokes, said: “We got programmable humans, we got programmable proteins, we got programmable money.” The remark, likely rhetorical, wasn’t a signal of support for crypto, despite the AI token bulls, and indeed not of any strategic shift. Even though Nvidia has been clear on its position about crypto, some in the industry continue to interpret moments like these as cracks in the door, a potential softening that might eventually lead to inclusion. But with crypto still formally excluded from Nvidia’s flagship programs and the company declining to comment on its current stance, the door appears just as firmly shut. For now, Nvidia’s message seems clear: crypto’s not invited. NewsBTC