Dogecoin extends recovery as meme coins regain momentum

Key takeaways

  • DOGE is up by nearly 1% and is now trading above $0.10.
  • The rally comes as memecoins recorded gains amid the broader crypto market recovery.

Memecoins surge higher as market rebounds

Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are extending their recovery on Thursday following recent corrections.

The positive performance comes as market sentiment helps lift major meme coins. Renewed optimism around a potential peace agreement between the United States and Iran has also contributed to the broader rebound across crypto markets.

Dogecoin is showing a very strong technical structure after rebounding from a key support zone. The coin is now approaching a major moving average level that could determine its next directional move.

Dogecoin price outlook: DOGE rebounds from key support zone

The DOGE/USD 4-hour chart is bearish and efficient despite Dogecoin adding 1% to its value. The leading memecoin faced rejection at the weekly resistance level of $0.119 last week, triggering a decline of more than 11% through Tuesday.

However, it has now bounced back above $0.10 after retesting a key support area around the previous trendline breakout zone, which aligns with the daily support at $0.102,

At the moment, DOGE is approaching the 200-day Exponential Moving Average (EMA) at $0.106.

If the memecoin closes the daily candle above the 200-day EMA, it could strengthen its bullish momentum and open the path toward a retest of the $0.119 weekly resistance.

The momentum indicators suggest that the buyers are stepping in. The Relative Strength Index (RSI) is hovering near 43, indicating neutral conditions after the recent pullback. 

Meanwhile, the Moving Average Convergence Divergence (MACD) remains in negative territory, suggesting that upside momentum is still fragile and could face resistance from overhead moving averages.

DOGE/USD 4H Chart

However, if the sellers return and DOGE drops below the $0.102 support, the bearish trend could push the price below the psychological level of $0.100.

Currently, DOGE remains in a short-term recovery phase, but traders are closely watching whether it can reclaim key technical levels to confirm a stronger bullish continuation.

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Zcash approaches $700 as buying pressure builds

Key takeaways

  • ZEC is up 12% in the last 24 hours, making it the second-best performer in the top 10.
  • The coin could rally past the $700 mark in the near term. 

ZEC rallies as broader crypto market underperforms

ZEC, the native coin of the Zcash ecosystem, is up 12% in the last 24 hours, making it the second-best performer among the top 20 cryptocurrencies by market cap.

The rally allowed ZEC to hit the $692 mark earlier today, adding 26% to its market cap so far this week.

ZEC’s rally over the past few days comes as regulatory clarity for ZCash has improved following the U.S. Securities and Exchange Commission’s announcement closing its investigation into the Zcash Foundation. 

The Zcash Foundation also reported holding approximately $36.7 million in liquid assets, mostly in ZEC, according to its Q1 update. Core technical development continues on the Zcash protocol despite organizational changes at the Electric Coin Company.

Zcash technical outlook: ZEC targets higher resistance levels above $700

The ZEC/USD 4-hour chart is extremely bullish as Zcash has only been outperformed by Hyperliquid over the last seven days. 

At press time, ZEC is trading at $655 after hitting the $692 level. The momentum indicators are extremely bullish, suggesting that the buyers are in full control. 

The RSI of 70 means that ZEC is now in the overbought region. The coin could undergo a correction, but the current momentum remains bullish. The MACD lines are also within the overbought territory.

If the rally continues, ZEC could extend its gains past $700 and hit the $745 resistance level for the first time since November. An extended rally would allow ZEC to target the $800 psychological level.

ZEC/USD 4H Chart

However, if the market undergoes a correction, ZEC could retest the $580 low created on Wednesday. 

Failure to defend this support level could expose ZEC to lower demand zones around $485.

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Ethereum retests $2,100, but could ETH crash amid technical breakdown?

  • Ethereum is testing the $2,140 level after an intraweek low near $2,070.
  • A technical breakdown raises the risk of a sharp decline to $1,350, CryptoQuant notes.
  • Bullish catalysts could include regulatory clarity and continued institutional demand.

Ethereum (ETH) briefly traded back above the $2,100 level on Wednesday after gaining about 1% over the past 24 hours as Bitcoin reclaimed the $77,200 mark.

While the rebound offered some relief for bulls, the altcoin remains under pressure following a sharp weekly decline.

Technical indicators continue pointing to elevated downside risk, with some analysts warning that ETH could face a deeper correction toward the $1,350 level.

Ethereum price today

Market data during the US session on Wednesday showed Ethereum testing the $2,140 zone after rebounding from intraweek lows near $2,070.

The rebound followed several sessions of heavy selling, although ETH remains well below recent swing highs.

Ethereum is currently trading nearly 7% lower for the week and roughly 28% lower year to date.

The Relative Strength Index (RSI) is hovering near oversold territory, which may suggest conditions for a short-term relief bounce.

However, ETH continues trading below all major moving averages on the daily chart, signaling that bearish momentum remains dominant.

Could ETH fall to $1,350 after a bearish breakdown?

One of the primary concerns for bulls is Ethereum’s breakdown below the support trendline of a triangle pattern.

The latest sell-off confirmed the structural breakdown on the daily chart, raising concerns that price action could mirror a similar technical failure earlier this year.

At the time, Ethereum’s price declined sharply from the $2,800–$3,000 range, falling roughly 35% over several days in February. If similar market conditions develop again, analysts warn that selling pressure could intensify further.

Analysts at CryptoQuant highlighted the downside risk in a recent market note.

“If Ethereum fails to reclaim the broken triangle structure, selling pressure could accelerate further, and price may target the $1,350 support level,” CryptoQuant author and analyst Pelin Ay wrote.

Macro conditions and weakening market flows have also added pressure to Ethereum’s price outlook.

Ethereum Price Chart
Ethereum price could crash to $1,350. Chart by CryptoQuant

Ethereum’s recent weakness has tracked Bitcoin’s broader lack of momentum, with BTC slipping toward the $76,000 area in recent sessions.

Meanwhile, spot Ethereum ETFs have recorded seven consecutive days of net outflows.

Persistent outflows have increased concerns that the recent technical breakdown could develop into a more prolonged downtrend.

Contrasting views and potential support levels

Not all market participants remain bearish on Ethereum’s longer-term outlook.

Bitmine’s Tom Lee said the recent pullback could represent a “buy low” opportunity, particularly as Bitmine’s treasury holdings now exceed 4.37% of Ethereum’s circulating supply.

Some bullish investors continue pointing to longer-term catalysts, including stablecoin growth on Ethereum, increasing staking adoption, and expanding interest in tokenized real-world assets (RWA).

Market participants are also monitoring regulatory developments that could influence broader institutional adoption trends over time.

In the near term, traders will closely watch whether buyers can push ETH back above the $2,200–$2,400 resistance zone.

Failure to reclaim that range could expose the token to another decline below $2,000, with some analysts identifying $1,350 as a possible downside target.

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Coins.ph adds Bitcoin and Ethereum to Philippines QR payments

  • Coins.ph adds BTC and ETH payments to the Philippines QRPh system.
  • Users can spend crypto at 700,000 QRPh-enabled merchants.
  • Stablecoins remain key for remittances and daily crypto payments.

Coins.ph has expanded its QRPh crypto payment functionality to support Bitcoin and Ethereum transactions, broadening the use of digital assets within the Philippines’ national QR payment infrastructure.

The Manila-based crypto platform announced on May 19 that users can now pay merchants nationwide using Bitcoin (BTC) and Ethereum (ETH) through QRPh, the national QR code standard developed by the Bangko Sentral ng Pilipinas (BSP).

The expansion builds on Coins.ph’s earlier rollout of QRPh-compatible stablecoin payments, which introduced support for USDT earlier this year.

Under the system, crypto balances are automatically converted into Philippine pesos during checkout, allowing users to pay merchants directly without manually converting digital assets into local currency beforehand.

Coins.ph estimates that the integration enables crypto payments across approximately 700,000 QRPh-enabled merchants throughout the country.

Crypto payments expand within national QR infrastructure

The latest update broadens the range of cryptocurrencies supported within the Philippines’ existing QR payment ecosystem.

QRPh serves as the national QR code standard designed to enable interoperable digital payments between financial institutions and merchants across the country.

Earlier this year, Coins.ph became the first digital wallet provider in the Philippines to integrate direct crypto payments into the national QR infrastructure through stablecoin support.

The company said the earlier USDT rollout generated substantial transaction volume and demonstrated growing consumer demand for crypto-based payments integrated into everyday financial activity.

With the addition of Bitcoin and Ethereum, Coins.ph is now extending access to two of the world’s largest cryptocurrencies while maintaining the same checkout experience used for stablecoin payments.

The company said the process allows users to scan QRPh codes at merchants while the system automatically converts crypto into Philippine pesos in real time.

Stablecoins remain central to remittance use cases

Coins.ph said stablecoins continue to play a key role within the broader payment infrastructure, particularly given the Philippines’ position as one of the world’s largest remittance markets.

The country receives approximately $38 billion in annual remittance inflows, according to the company.

Stablecoins have increasingly become part of cross-border payment flows, allowing recipients to receive and hold digital dollar-denominated assets before converting or spending them locally.

Coins.ph said the QRPh integration enables users to move between fiat currency and digital assets within a single payment flow, removing additional conversion steps that are often required in crypto transactions.

The addition of Bitcoin and Ethereum broadens supported payment assets while preserving what the company described as a unified payment experience focused on practical daily use.

Coins.ph highlights broader crypto adoption growth

Coins.ph operates as a licensed Virtual Asset Service Provider and Electronic Money Issuer under BSP regulation.

The Philippines remains one of the fastest-growing crypto markets globally. According to estimates cited by the company, the country now has more than 15 million crypto users, representing roughly 13.4% of the population.

Wei Zhou, CEO of Coins.ph, said:

“The addition of new tokens to our QRPH crypto payments feature is a great achievement following the landmark introduction of USDT payments for the Philippine financial landscape. We aren’t just adding new tokens; we are redefining what a digital wallet can do. This is the future of finance in action and we’re making the world’s most popular cryptocurrencies a functional part of the Filipino daily life.”

Coins.ph said its broader platform combines digital assets, payments infrastructure, remittances, foreign exchange services, investments, and treasury products into a unified financial ecosystem designed to support both businesses and consumers.

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Real to partner with iExec on privacy-focused institutional RWA operations

  • Real signs partnership with iExec to develop private RWA blockchain infrastructure.
  • Companies explore encrypted asset issuance, lending, and compliant financial operations.
  • Confidential computing gains attention as the institutional tokenization market continues expanding.

Real has entered into a memorandum of understanding with iExec to explore privacy-focused infrastructure for tokenized assets.

The collaboration will evaluate how institutional RWA issuance, distribution, and on-chain financial activity can be conducted while preserving confidentiality and supporting compliance and audit requirements.

Real provides infrastructure for the full lifecycle of tokenized assets, including onboarding, verification, risk assessment, settlement, and asset management.

iExec contributes confidential computing capabilities through Trusted Execution Environments such as Intel TDX and its Nox Protocol, which enables encrypted data processing, confidential smart contract execution, selective disclosure, and verifiable computation.

As part of the collaboration, the companies will assess how the Nox Protocol can integrate with Real’s Layer 1 blockchain to support confidential tokenized assets, encrypted transaction flows, and private financial operations.

The collaboration will focus on confidential RWA issuance and distribution, including encrypted balances and private transaction flows, as well as financial activities such as subscriptions, redemptions, dividend payments, lending, and structured credit.

“Institutions need more than tokenization. They need infrastructure that protects sensitive financial data while still allowing compliance, oversight, and auditability,” said Ivo Grigorov, CEO, Real.

“Our Partnership with iExec is an important step toward exploring how confidential computing can support the next generation of real-world asset markets.”

The companies will also explore selective disclosure tools for regulators and auditors, while assessing how confidential assets can remain interoperable with custody solutions, settlement systems, and potential secondary markets.

The agreement establishes a framework for evaluating institutional use cases such as tokenized funds and private credit. Planned next steps include technical discussions, identifying pilot opportunities, and aligning infrastructure architecture.

As real-world asset tokenization expands, institutional participation increasingly requires protection for sensitive data such as investor allocations and transaction information.

Real and iExec said they will examine how confidential computing can enable private financial operations while preserving on-chain verification and controlled regulatory access.

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