Analysis News

An analyst has pointed out how Chainlink could see its next major move after it breaks past the range of this technical analysis (TA) pattern. Chainlink Has Been Trading Inside A Triangle Recently In a new post on X, analyst Ali Martinez has shared about a pattern forming in the 1-week price of Chainlink. The pattern is a Triangle from TA, which is a type of consolidation channel that appears whenever an asset’s price trades between two converging trendlines. Related Reading: Bitcoin “Arguably Undervalued,” Says Analytics Firm: Here’s Why Like other consolidation patterns in TA, the upper level of a Triangle is a source of resistance, while the lower one that of support. Also, a break out of either of these boundaries can signal a continuation of trend in that direct...

Memecoin POPCAT experienced a significant downturn on Wednesday following a major manipulation event on Hyperliquid (HYPE), one of the leading decentralized exchanges in the cryptocurrency market.  POPCAT Faces 43% Drop Following Manipulative Scheme According to a detailed analysis of the situation by DeFi researcher Hanzo on social media site X (previously Twitter), an unknown trader executed a well-coordinated strategy approximately 13 hours prior to the market disruption.  The trader withdrew $3 million in USDC from the OKX exchange and distributed the funds across 19 different wallets on Hyperliquid. Subsequently, they initiated sizable long positions on POPCAT, accumulating total exposure estimated between $20 million and $30 million. Related Reading: Bitcoin To...

United States President Donald Trump late Wednesday signed legislation that ended the country’s 43-day government shutdown, reopening federal agencies and restarting paused services after what had become the longest shutdown in modern history. Reports have disclosed the measure passed both houses this week and moves quickly to restore pay and services. Related Reading: Dogecoin Alert! Price Could Explode Over 2,800%, Analyst Says Funding Push Restores Pay And Services According to official House materials, the measure passed the House by a 222–209 vote and carries continuing appropriations that fund agencies through January 30, 2026. The bill covers several full-year appropriations and aims to return back pay to hundreds of thousands of federal workers who were furlo...

Following the recent comeback of privacy-focused cryptocurrencies, Cypherpunk Technologies has launched a $50 million Zcash (ZEC) treasury strategy backed by Winklevoss Capital. Related Reading: SUI Eyes Key Retest As Price Breaks Out Of Downtrend – Rally To $3 Ahead? Cypherpunk Technologies Launches Zcash DAT On Wednesday, Leap Therapeutics announced the official launch of its Zcash Digital Asset Treasury (DAT) strategy and rebrand to Cypherpunk Technologies. The biotech company previously revealed that it had closed a $58.88 million private placement in October, led by Winklevoss Capital, as part of its plan to expand to the digital assets sector. The company currently holds 1.25% of the current ZEC supply after acquiring 203,775 ZEC at an aggregate purchase price ...

United States President Donald Trump late Wednesday signed legislation that ended the country’s 43-day government shutdown, reopening federal agencies and restarting paused services after what had become the longest shutdown in modern history. Reports have disclosed the measure passed both houses this week and moves quickly to restore pay and services. Related Reading: Dogecoin Alert! Price Could Explode Over 2,800%, Analyst Says Funding Push Restores Pay And Services According to official House materials, the measure passed the House by a 222–209 vote and carries continuing appropriations that fund agencies through January 30, 2026. The bill covers several full-year appropriations and aims to return back pay to hundreds of thousands of federal workers who were furlo...

In recent statements made by Chair Paul Atkins, the US Securities and Exchange Commission (SEC) announced a strategic plan targeted at giving much-needed clarity on the classification of crypto assets.  Howey Test And Token Taxonomy In Crypto  Atkins highlighted the forthcoming consideration of establishing a “token taxonomy” within the Commission, a structured framework rooted in legal rationale to discern between securities and commodities.  He emphasized the importance of adhering to “limiting principles” in laws and regulations to ensure a cohesive approach towards crypto asset classification.  Related Reading: Bitcoin To Bottom Out In 300 Days: Top Expert Forecasts $38,000 To $50,000 Price Point Atkins commended the efforts of Commissioner Hester Peirce, particu...

According to market reports, crypto analyst Crypto Patel has put forward bold targets for Dogecoin, saying the memecoin could reach $2 and $5 this cycle. Related Reading: XRP Has Held Its Ground As Most Altcoins Fall, Market Observers Say At the time of his post, DOGE was trading around $0.17, making those estimates equal to roughly 1,076% and over 2,800% gains from that level. The call has drawn attention because it ties price hopes to repeating chart behavior rather than fresh fundamentals. Chart Patterns And Historical Runs According to the analyst’s charts, DOGE has formed a long-running descending triangle since its $0.75 peak in 2021. Traders are being shown a breakout followed by a retest pattern. Reports point to similar setups in past rallies: in 2017 DOGE m...

Dogecoin corrected some gains and traded below $0.1780 against the US Dollar. DOGE is now holding the $0.1680 support and might aim for a fresh increase. DOGE price started a fresh downside correction below $0.1780. The price is trading below the $0.1760 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1760 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.1680. Dogecoin Price Eyes Another Increase Dogecoin price started a downside correction after it failed to clear $0.1880, like Bitcoin and Ethereum. DOGE declined below $0.1820 and $0.180 levels. There was a move below the 50% Fib retracement level of the upward move fr...

XRP price started a decent increase above $2.420. The price is now consolidating and might aim for another increase if it stays above the $2.350 level. XRP price started a downside correction and tested the $2.320 zone. The price is now trading near $2.420 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.430 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it clears $2.50. XRP Price Eyes Additional Gains XRP price started a downside correction from the $2.580 zone, like Bitcoin and Ethereum. The price dipped below the $2.550 and $2.50 levels to enter a consolidation phase. The price even dipped below the 50% Fib retracement level of the upward move from the $2...

On-chain analytics firm Santiment has explained how Bitcoin could currently be undervalued based on its 4-year correlation to Gold and S&P 500. Bitcoin Has Underperformed Against Gold & S&P 500 Recently In a new post on X, Santiment has discussed about BTC’s recent trend relative to Gold and S&P 500. Historically, the cryptocurrency has shown some degree of correlation to these assets, but the pattern has shifted lately. Related Reading: Bitcoin Spot Demand Growing For First Time Since Early October: CryptoQuant Head Any two given assets are said to be “correlated” when one of them reacts to movements in the other by showing volatility of its own. As the chart shared by Santiment shows, Bitcoin has diverged from the traditional assets during the last few months. From...