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A cryptocurrency analyst has pointed out how Dogecoin has returned to the support level of a Parallel Channel following the latest market decline. Dogecoin Is Potentially Following A Parallel Channel In a new post on X, analyst Ali Martinez has talked about how Dogecoin is currently trading with respect to a Parallel Channel. This type of technical analysis (TA) pattern forms whenever an asset moves between two parallel trendlines. Related Reading: Bitcoin Price Back At $63,000 Despite 1.2 Million BTC Absorption The upper level of the channel can act as a source of resistance, while the lower can provide support. Together, the trendlines keep the price locked between them. If either of these levels fails, then the price may see a continuation of the trend in the direction of the break. That is, a surge above the pattern can be a bullish signal, while a fall under it is a bearish one. Parallel Channels can be divided into a few different categories based on how the channel is oriented w
Read full articleThe dips are made for buying, right? Or, maybe not yet.
Pump.fun has launched a new feature that allows users to pay “anyone” to do “anything”, which has triggered a wave of concern across the crypto community, with critics warning it could revive the same dangerous behavior that fueled the platform’s 2024 livestream scandal. Related Reading: Bitcoin Price In ’Vulnerable Position’ As 2022 Playbook Repeats – Is $54,000 Next? Pump.Fun Launches Bounty Feature For ‘ANY’ Task On Thursday, Solana’s memecoin launchpad, Pump.fun, introduced a new feature that allows users to create and complete bounties “for ANY task and leverage the power of humans & money across the globe.” Under the premise of “Pay ANYONE to do ANYTHING,” Pump.fun GO is set to combine humans and money, which they deemed “the most powerful tools on Earth” in the X announcement. “We’re combining both of them with GO: an all encompassing bounty platform where ANYONE can create or complete bounties for ANY task for UNLIMITED rewards,” the platform stated. According to the post, user
Grayscale's warning highlights potential market volatility and investor caution as Strategy's leveraged Bitcoin model faces financial strain. The post Strategy faces stress test as Grayscale warns leveraged Bitcoin model may force further sales appeared first on Crypto Briefing.
CPI & Fed Rate Decision June 10: What It Means for Bitcoin The post Bitcoin Price Prediction: Why June 10–12 Could be Huge for Crypto appeared first on 99Bitcoins.
Russia's crypto access limits may slow broader adoption, impacting market dynamics and innovation while prioritizing financial stability. The post Russia’s central bank to limit retail crypto access to Bitcoin, Ether and USDT at launch appeared first on Crypto Briefing.
Bitcoin has fallen nearly 25% over the past month, yet Coinbase CEO Brian Armstrong has argued that key parts of the crypto industry continue to grow despite the downturn. According to a June 6 X post, Armstrong said many investors…
Is bitcoin close to a bottom or is there more pain ahead for investors?
