Dogecoin Price Decline Looms As Bears Cut Short Recovery: Key Levels To Watch

Dogecoins recent recovery has been abruptly halted by renewed bearish pressure, paving the way for a potential further decline. After attempting a rebound, the bears have regained control of the market, pushing DOGE back toward its previous low of  $0.0914. As the crypto asset’s price moves towards this level, speculations are whether it will break or experience a rejection and begin to move upward. This article delves into providing an analysis of Dogecoin’s recent price action to identify and examine key support and resistance levels that traders and investors should watch to understand the potential direction of DOGE’s movement.  At the time of writing, DOGE’s price was down by over 5.13%%, trading at about $0.1043, with a market capitalization of more than $15 billion and a trading volume of more than $787 million. In the last 24 hours, the market capitalization of SOL has decreased by 5.22%, while trading volume has increased by 4.26%. Overview Of DOGE’s Recent Price Action Analyzing the recent movements and trends in DOGE’s price reveals that: On the 4-hour chart, the crypto asset is actively bearish and trading below the 100-day Simple Moving Average (SMA). DOGE’s price has been consistently bearish since after the disruption of its recovering move at $0.1069 and is currently attempting a move towards its previous low of $0.0914. Also, with the formation of the 4-hour William alligator, although Dogecoin is currently rising, there is a possibility that it may begin to drop again as both the alligator lip and teeth are presently trending below the alligator jaw. On the 4-hour chart, it can be observed that the price of DOGE is still bearish as it is still trading below the 100-day SMA. Even though the price is attempting a short-term pullback by dropping a bullish candlestick, the crypto asset may extend its bullishness in the long run. Additionally, the 4-hour William alligator indicates more bearishness for the crypto asset as both the alligator lip and teeth are actively trending below the jaw. Key Support Levels To Monitor For Dogecoin Presently, DOGE is attempting a downward move toward its previous low of $0,0914. If the asset’s price reaches this level and closes below, it will continue to move downward to test the $0.0745 support level and probably head on to test the $0.0559 support level and other higher levels if the $0.0745 support is breached.  However, if the price reaches $0.0914  and fails to close below, it will start to rise toward the $0.1293 resistance level. Should it break above this resistance point, it will continue to move upward to test the $0.1491 level. Furthermore, Dogecoin might witness a further rise to test the $0.1649 mark and other levels on the chart if it breaks below the $0.1491 level. Featured image from iStock, chart from Tradingview.com

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LayerZero On The Rise: ZRO Bullish Momentum Points To New Highs

LayerZero (ZRO) is currently experiencing strong bullish momentum, positioning itself for potential new highs in the future. This sustained upward trend indicates growing investor confidence and increased market interest in the platform’s capabilities.  As ZRO continues to gain traction, technical indicators suggest that this momentum could drive the price to unprecedented levels. Traders and investors are closely monitoring this movement, anticipating further gains and strategic opportunities as LayerZero pushes toward new market peaks. This article delves into providing an in-depth analysis of ZRO’s current bullish momentum and its potential to reach new highs. By examining current price performance and technical indicators, this article seeks to provide strategic advice for investors looking to capitalize on ZRO’s potential growth. ZRO was trading at around $4.15 and was up by 36.66% with a market capitalization of over $456 million and a trading volume of over $816 million as of the time of writing. There has been a 24-hour increase of 36.62% and 152.75% in ZRO’s market capitalization and trading volume respectively. Analyzing The Current Bullish Trend Of ZRO A technical analysis of ZROs price action on the 1-hour chart reveals that the crypto asset is actively bullish and trading above the 100-day Simple Moving Average (SMA). Since facing rejection at the $2.69 support level, ZRO has been consistently bullish and is currently attempting to break above the $4.28 resistance level. The formation of the 1-hour William alligator signals that the price of ZRO may continue to extend its bullish trend as both the alligator lip and teeth are currently trending above the jaw after a successful cross above it. On the 4-hour chart, it can be observed that ZRO is actively bullish. Although the price is attempting a short-term pullback by dropping a bearish candlestick, the crypto asset may extend its bullishness in the long run. Additionally, the 4-hour William alligator indicates more bearishness for ZRO as both the alligator lip and teeth are actively trending above the jaw after moving above it. ZRO Price Forecast Analyzing potential future possibilities of ZRO’s price movement reveals that if the digital asset breaks above the $4.28 resistance level, it may move higher to challenge its all-time high of $5.62. If this level is breached, ZRO might move on to create a new all-time high. However, if the price of ZRO experiences rejection at the $4.28 resistance level, it will begin to descend toward the $3.27 support level. Should the asset breach this level, it may continue to decline to test the $2.69 support level and possibly move on to test other higher levels if it breaches the $2.69 level. Featured image from Adobe Stock, chart from Tradingview.com

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Nigerian crypto star out on bail following police detention

Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the countrys growing cryptocurrency sector.

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Abra, CEO Barhydt settle with 25 US states over licensing violations

Other states can join in the settlement, which will see up to $82.1 million returned to customers.

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Bitcoin Rejection At $62,498 Signals Bearish Dominance, Here Are Possible Outcomes

Bitcoin recently faced a significant rejection at the $62,498 resistance level, underscoring the prevailing bearish dominance in the market. This failure to break through a critical threshold highlights the strength of selling pressure and raises concerns about potential downward trends.  The rejection at this key level signals caution among traders and investors, prompting a reassessment of market strategies. As bearish momentum persists, this analysis explores the possible outcomes for Bitcoin’s price movement and the broader implications for the cryptocurrency market. As of the time of writing, the market capitalization of Bitcoin is over $1.2 trillion, with a trading volume of over $27 billion. The cryptocurrency price is currently up by 1.2%, trading at roughly $61,582. Despite a 31.26% increase in market capitalization, there has been a 35.43% decrease in trading volume over the last day. Technical Indicators: Signs Of Continued Bearish Pressure BTC price on the 4-hour chart is still actively bearish and trading below the 100-day Simple Moving Average (SMA). Currently, Bitcoin is attempting a downward move after a rejection at $62,498, which is represented by a blue line on the chart. The formation of the 4-hour William Alligator signals that the price of BTC may extend its bearish trend as there is no successful cross of both the alligator lip and tooth above the alligator jaw. On the 1-day chart, it can be observed that Bitcoins price is making a huge drop after being rejected for the second time at the $62,498 level, thereby signaling more bearishness even as it continues to trade below the 100-day SMA. Additionally, the 1-day William alligator also indicates more bearishness for BTC. After a successful cross of the alligator lip and teeth below the alligator jaw, they have been maintaining a good spread from each other. It should be noted that the crypto assets price, from an overall point of view, is actively bearish. Given the formation of the price action and indicators on both the 4-hour and the 1-day chart, it can seen that the bears are currently dominating the market. Potential Scenarios: Whats Next for Bitcoin? An analysis of potential future scenarios for BTCs price movement following the rejection reveals that if Bitcoin continues to move downward and break below the $60,152 support level, it may move lower to test the $58,523 support level and probably move on to test other lower levels if the price breaches this level. However, if there is a rejection at the $60,152 support level, Bitcoin may start moving upward toward the $64,515 resistance level. If this level is breached, the crypto asset may experience more price growth toward the $71,909 resistance level and possibly other levels above. Featured image from iStock, chart from Tradingview.com

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William Miller Spearheads Launch Of Pioneering OkayCoin Staking Protocol

Los Angeles, USA Today, OkayCoin, a frontrunner in cryptocurrency staking solutions, marked a significant milestone with the announcement of the upcoming launch of its proprietary OkayCoin Staking Protocol. Under the visionary leadership of CEO William Miller, the new protocol is set to revolutionize the way users engage with staking, enhancing both the profitability and […]

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Tokenizing money is the greatest innovation after fiat Tether co-founder

Stablecoins like Tether do not offer interest yields right now, but with tokenized fiat, that could be possible one day, co-founder William Quigley said.

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Bitcoin: This Indicator Flashes Green For The First Time Since January 2024

According to the candlestick arrangement in the daily chart, Bitcoin is moving inside a range. BTC is also down roughly 20% from the all-time high at spot rates. Though the series of lower lows posted in the past few trading days is bearish, one analyst is upbeat, expecting an encouraging recovery in the sessions ahead. This Indicator Flashes Green: Time For Bitcoin To Rally? Taking to X, the analyst notes that the 50-day Williams %R oscillator is turning from oversold territory, signaling that the bear run could end. Historically, the indicator has accurately signaled buying opportunities whenever it turns from oversold territory. The Williams %R oscillator is a crucial technical indicator chartists use to assess momentum and identify potential oversold or overbought conditions. When the indicator falls below -80, it suggests the asset being analyzed is oversold, potentially indicating a buying opportunity. Conversely, when it rises above +20, it may mean that the asset is overbought, prompting the trader to adjust their strategy accordingly. Related Reading: Newbie Bitcoin Whales Buying 200,000 BTC Per Week, Data Shows Since the beginning of 2023, the analyst observes that the 50-day Williams %R oscillator mapping Bitcoin prices has dipped into oversold territory on four occasions. Notably, each time the oscillator reversed from this zone, BTC prices rose in tandem.  Now, with the Williams %R oscillator returning from the oversold territory roughly ten days ago, the analyst is optimistic. It returned from the oversold territory in January 2024, preceding the bull run in Q1 2024.  If past performance is anything to go by, BTC is likely ready for a leg up. Considering the extended sideways movement and lower lows since prices peaked in mid-March 2024, this development will be a massive boost for the coin. Does BTC Stand A Chance After Extended Consolidation? The asset has become more dynamic since the approval of spot Bitcoin exchange-traded funds (ETFs). Broader market conditions, such as regulatory changes, macroeconomic trends, and investor sentiment increasingly influence it.  Subsequently, this dynamism can impact the accuracy of technical indicators like the Williams % R oscillator. This tool lags and doesn’t factor in events in real time. Therefore, while the oscillator has been reliable in the past, it may not necessarily accurately predict the future cycle. For this reason, the coming days and weeks will be crucial for Bitcoin. If the price breaks out of its current range upwards, it could lend credence to the bullish interpretation. Related Reading: Brace For Impact: Mt. Gox Set To Inject 142,000 BTC And 143,000 Bitcoin Cash Into The Market- Heres When Currently, BTC is in a narrow range. According to the daily chart, support is at $56,500, and resistance is at $66,000. Feature image from DALLE, chart from TradingView

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Tether Appoints New CFO Amid Push for Greater Transparency

Tether Holdings has appointed Simon McWilliams as its new CFO as part of its efforts to enhance transparency and regulatory compliance.

The post Tether Appoints New CFO Amid Push for Greater Transparency appeared first on Kanalcoin.

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Kraken Gains EMI License: What It Means for UK Crypto Traders, Report

Kraken has recently been granted an authorization from the FCA to operate as an Electronic Money Institution (EMI). This license enables Kraken to issue the electronic money which would enable the faster and convenient deposits and withdrawal of funds from the platform to the users in United Kingdom. Kraken’s UK Expansion Plans The new authorization […]

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National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes

National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney general, confirmed the involvement of the institution in a parallel scheme that involved the sale of Venezuelan oil to third parties, mentioning [...]

The post National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes appeared first on Crypto Breaking News.

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Decoding Ripple’s Ruling: A Potential Tsunami for the SEC

In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets, specifically crypto exchanges, do not. A verdict that has sparked a ripple, pun intended, in the crypto space, potentially creating waves [...]

The post Decoding Ripple’s Ruling: A Potential Tsunami for the SEC appeared first on Crypto Breaking News.

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Garlinghouse: SEC Official Received ‘Millions’ From Vested Interests, Tradfi Heavyweight Crypto Exchange EDX Launches, Peter Schiff on USD Decline — Week in Review

Ripple CEO Brad Garlinghouse recently asserted that former SEC Division of Corporation Finance Director William Hinman “received millions of dollars of payments from his law firm” which had a vested interest in a well-known 2018 speech given by the then SEC official. In other news, crypto exchange EDX has launched backed by Charles Schwab, Citadel [...]

The post Garlinghouse: SEC Official Received ‘Millions’ From Vested Interests, Tradfi Heavyweight Crypto Exchange EDX Launches, Peter Schiff on USD Decline — Week in Review appeared first on Crypto Breaking News.

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FTX’s Bankman-Fried seeks gag order for all witnesses in criminal case

Lawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too.

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Everything XRP holders have been shouting has ‘been confirmed’ — Pro-XRP lawyer

Pro-XRP lawyer John Deaton has eagle-eyed a small footnote in a Ripple brief that purportedly confirms XRP was discussed among SEC staff prior to the Hinman speech.

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OneCoin head of compliance facing 40-year sentence after US extradition

The alleged fraudster was accused of doing the “exact opposite” of her job title, which was to ensure OneCoin was complying with laws.

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Decentralized Twitter alternative goes live on Apple’s App Store

The Damus app is powered by Nostr, which uses decentralized relays to distribute end-to-end encrypted messages, and has a powerful backer in Jack Dorsey.

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SEC seeks to keep Hinman documents hidden in Ripple case

SEC’s request to seal documents in the Ripple Labs case has sparked criticism from the community.

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U.S. Attorney Damian Williams Calls FTX One of History’s Biggest Frauds

Damien Williams blamed the cryptocurrency exchange for not being transparent about its business and risk management practices.

Continue reading U.S. Attorney Damian Williams Calls FTX One of History’s Biggest Frauds at DailyCoin.com.

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Ripple files final submission against SEC as landmark case nears end

The two-year-long battle between SEC and Ripple is approaching the end, with Ripple filing its final submission in its case against the US regulator on Dec. 2.

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