Ein Bitcoin-Wal, der vor zwei Wochen Bitcoin im Wert von 4 Milliarden US-Dollar gegen Ether getauscht hat, verkauft allmählich weitere große Mengen der Kryptowährung.
Trump will Lisa Cook aus US-Zentralbank werfen: Neuer Versuch kurz vor Zinsentscheidung
US-Präsident Donald Trump hat gegen die Entscheidung des Bezirksgerichts, die Entlassung von Fed-Gouverneurin Lisa Cook zu blockieren, Berufung eingelegt. Er will es erneut versuchen.
Dogecoin price prediction: DOGE dips 9% as memecoins underperform
Key takeaways
- DOGE is down 9% in the last 24 hours, making it the worst performer among the top 10 cryptocurrencies by market cap.
- Bulls are still targeting the $0.311 mark despite the temporary dip.
Memecoins dump as market opens new week bearish
The crypto market started the new week bearish, with Bitcoin temporarily dropping below $115k, while Ether tested the $4,488 support level. However, memecoins were the worst performers over the last 24 hours.
Dogecoin, the leading memecoin by market cap, is down 9% in the last 24 hours. The bearish performance saw DOGE drop below $0.26 earlier today. Other memecoins are also down significantly over the last 24 hours.
Shiba Inu has lost 6.7% of its value, with PEPE (8%), PENGU (6.5%), BONK (10%), TRUMP (4%), and FLOKI (8%) all recording heavy losses. However, traders expect DOGE and others to bounce back soon.
DOGE targets $0.311 resistance level
The DOGE/USD 4-hour chart is bullish and efficient despite Dogecoin’s underperformance. The leading memecoin’s price broke above the symmetrical triangle pattern last week, surging by 20% afterward.
However, it has lost 9% of its value since Sunday and is now trading around $0.265 per coin. The RSI of 66 shows that buyers are still in control, with the MACD lines still within the bullish zone.
If DOGE holds the daily support level at $0.256, it could extend its rally and target a new monthly high of $0.311 over the next few hours or days. An extended bullish run would allow DOGE to hit the $0.35 mark for the first time since January.
However, failure to hold the $0.256 support level could see DOGE decline towards the next major support at $0.242
However, Dogecoin’s sentiment data shows that traders are extremely bullish on the cryptocurrency. Its trading volume hit $9.02 billion on Saturday, its highest level since early February. The rising volume shows that traders are taking more interest in DOGE, with more liquidity pouring into the Dogecoin ecosystem.
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ETH/BTC-Verhältnis unter 0,05: Trotz Allzeithoch und Institutionen
Das Verhältnis vergleicht den Kurs von ETH mit dem von BTC. Ein höheres Verhältnis bedeutet, dass ETH gegenüber BTC an Stärke gewinnt, während ein niedrigeres Verhältnis auf eine Schwäche von ETH hindeutet.
Ether price prediction: Ether eyes the $4,350 support amid bearish price action
Key takeaways
- ETH risks dropping below $4,500 after losing 3.5% of its value.
- The support level at $4,350 could be the next target if ETH fails to bounce.
ETH dips to $4,500 as market opens bearish
The cryptocurrency market opens a new week bearish after an excellent performance last week. Bitcoin, the leading cryptocurrency by market cap, lost 1% of its value and temporarily dropped below the $115k mark.
Ether, the leading altcoin and the second-largest cryptocurrency by market cap, recorded an even bigger loss. It dipped 3.5% in the last 24 hours to now trade at $4,510.
The bearish performance comes despite the crucial Fed rate decision later this week. Ether hit an all-time high above $4,900 in August but has failed to build on this momentum since then. It is down 9% from its all-time high but could look to bounce back soon.
This week’s price action could be determined by the Fed rate decision on Wednesday. A rate cut by the Federal Reserve will send BTC, ETH, and other crypto assets flying in the near term.
Ether bulls target new all-time high above $5k
The ETH/USD 4-hour chart remains bullish and efficient, suggesting that buyers remain in control despite the recent bearish price action. The momentum indicators also remain bullish, with ETH now targeting a new all-time high.
Ether has found support temporarily around $4,488. The RSI of 60 shows that ETH remains bullish on the higher timeframe. The MACD line is also within the positive territory, suggesting a bullish bias.
If the $4,488 support holds, Ether could extend its rally towards the all-time high price of $4,956. An extended bullish run would allow it to surpass the $5k mark for the first time in its history.
However, failure to defend the support level at $4,488 could see ETH drop to the next major resistance level at $4,350. The resistance level is also a 4-hour TLQ and could provide the required liquidity to surge higher.
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