Schlagwort: crypto business

Key takeaways

• DOGE is down 0.5% and continues to trade below the $0.10 psychological level.
• The coin has been consolidating and could rally higher in the near term. 

Dogecoin (DOGE), the largest meme coin with a market capitalization of $14.27 billion, represents over 0.50% of the $2.49 trillion cryptocurrency market as of Wednesday. 

Dogecoin underperforms despite a disinflationary model

Dogecoin defends its inflationary model, stating that inflation will decrease gradually to 3.1% from 3.6% as the total DOGE supply increases. 

The assumption driving this claim is that demand for the meme coin will remain steady, supported by its robust community that uses DOGE for tipping, institutions launching DOGE-focused Exchange Traded Funds (ETFs), and its growing use in Decentralized Finance (DeFi) services.

While the narrative suggests a stable demand, it may not guarantee sustained positive pressure on DOGE’s price.

While Dogecoin’s fixed issuance model reduces inflation relative to the increasing supply, it does not necessarily reduce the overall supply, as deflation would. The continued minting of 5 billion DOGE per year could become a persistent downside risk, especially during periods of low demand.

Dogecoin’s strategy emphasizes practical usage as a currency rather than hoarding, and it incentivizes miners to secure the network. However, the ongoing supply pressure may limit the effectiveness of this disinflationary model in the long term.

In addition to this, institutional demand for DOgecoin remains muted. Since the launch of DOGE spot ETFs on November 24, there have been just 15 days of inflows, totaling a net asset value of $10.80 million. With 79 days showing no flows and two days with net outflows, institutional interest in DOGE remains limited.

The Dogecoin Treasury currently holds just over 780.54 million DOGE, which represents 0.51% of the total DOGE supply. Gaining further institutional support is key for Dogecoin to progress into the global financial system, providing the demand necessary to support the disinflationary model.

DOGE could rally above $0.10 if the bulls regain control

The DOGE/USD 4-hour chart remains bearish and efficient despite the broader crypto market rallying recently. At press time, DOGE is trading at $0.094 after rejecting at the $0.098 swing high earlier this week.

The RSI of 55 is above the neutral 50, indicating a fading bearish momentum. The MACD lines are also above the zero region, adding further bullish narrative to the pair.

If the bulls regain control, DOGE could surpass the $0.098 swing high and hit the $0.10 psychological level for the first time since March 16.

However, if the bearish correction persists, DOGE could retest the Sunday low of $0.09012 in the near term.

The post Dogecoin stays below $0.10 despite deflationary model appeared first on CoinJournal.

Key takeaways

• BTC eases back from 76k, a monthly high.
• Technical indicators suggest further correction in the near term.

Bitcoin has dropped below $74,000 after pulling back from a monthly high earlier this week. The cryptocurrency surged from $70K at the start of the week to hit $76K on Tuesday, before easing to its current level. 

Mixed signals for the crypto market

The US Navy has confirmed a full blockade of Iranian ports, amplifying concerns over oil supply disruptions and pushing prices higher from three-week lows. However, President Trump has suggested that the conflict may be nearing an end, which has tempered further upside in oil prices and kept hopes of a de-escalation alive. 

In addition to that, treasury yields have been on a downward trend, supported by softer-than-expected PPI data for March, which rose 0.5% month-on-month, below the 1.2% forecast. This easing of inflation concerns benefits Bitcoin, as lower yields signal improving liquidity and reduce the opportunity cost of holding non-yielding assets like crypto.

The US stock market has also been resilient, with the Nasdaq posting its tenth consecutive winning session, gaining nearly 10% in April. Crypto markets have mirrored this strength, with Bitcoin up approximately 8.5% so far this month. 

These parallel moves suggest that Bitcoin is increasingly trading as a macro-sensitive asset, responding to broader market sentiment rather than purely crypto-specific factors.

Despite the current market conditions, institutional demand continues to support Bitcoin’s price action. Spot Bitcoin ETFs saw $411 million in net inflows on Tuesday, despite a $291 million outflow the previous day. This brings total net inflows for April to $741.9 million.

The growing institutional acceptance of Bitcoin is further highlighted by Goldman Sachs’ filing with the SEC for a Bitcoin premium income ETF, signaling a deeper commitment to crypto from traditional finance. 

BTC could retest low support levels

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin is down by more than 1% in the last 24 hours. 

Currently, Bitcoin is trading within a rising channel that has been in place since early February. BTC is testing a key resistance level around $76K, which coincides with both the March high and the 23.6% Fibonacci retracement of the October high near $126K. 

If the bulls regain control and Bitcoin embarks on a sustained break above $76K, it could target $80K, followed by $85K and the 200-day SMA at $88K.

On the downside, Bitcoin has initial support near $71K, with stronger support at $69.6K, the 50-day SMA. A move below $65K would signal a lower low, indicating a shift in market sentiment.

The post Bitcoin dips below $74K amid Middle East tensions and mixed market signals appeared first on CoinJournal.

• Hedera (HBAR) price is hovering near a fragile $0.08 support cluster.
• Losing $0.08 could open a move toward $0.07842 or lower.
• Upside only improves if the $0.0942 resistance is reclaimed.

Hedera’s price has been drifting lower again, and the latest price action is starting to circle a level that traders are watching very closely.

At around $0.0856, the token is down about 1.5% over the past 24 hours, with intraday trading ranging between $0.0846 and $0.0875.

On the surface, it looks like a normal pullback in a weak market.

But underneath, the structure is tightening around a critical zone that could decide whether the next move is stable consolidation or a deeper slide toward February’s lows near $0.072.

Notably, the broader trend hasn’t been friendly to altcoins in general.

Over the past week, Hedera has lost more than 6%, and the monthly decline is now above 12%.

Even longer-term momentum remains negative, with the asset still significantly lower compared to where it traded a year ago.

What makes the current situation more sensitive is that this weakness is happening without any strong internal catalyst.

There has been no major ecosystem shock or technical breakdown tied to the project itself.

Instead, the pressure is coming from a wider rotation out of altcoins and into safer assets, leaving tokens like HBAR more exposed to downside moves.

Pressure builds around a fragile support zone

Right now, the most important area on the chart sits just below the current price.

Short-term support has been forming around $0.0838, while another closely watched structural level sits at $0.08067.

These two zones are effectively acting as a support cluster. If they hold, price action could continue to move sideways as traders wait for new catalysts.

But the problem is that this cluster has already been tested indirectly through repeated dips and weak bounces.

Each retest weakens confidence. If selling pressure increases again, there is very little structural support until lower levels come into play.

Below this region, historical price data points to a more significant breakdown zone near $0.0703.

That would represent a much deeper correction, but markets rarely move in straight lines.

Before that level becomes relevant, traders are focused on a nearer and more psychologically important target: the February low at approximately $0.07270.

If price loses the $0.08 region decisively, the path toward that February floor opens quickly.

In thin or sentiment-driven markets, these levels tend to act like magnets.

Upside potential is still there, but it needs confirmation

Despite the current pressure, the structure is not entirely broken. There is still a clear resistance ladder above the market that could come into play if sentiment shifts.

The first key level sits at $0.0942. A move back above this zone would signal that buyers are regaining control in the short term.

Above that, the next resistance zones are located around $0.1051 and then $0.1174, marking progressively stronger recovery thresholds.

However, the market is not in a position where upside levels are immediately relevant.

Before any recovery attempt can take shape, the price needs to stabilise and reclaim lost ground. At the moment, that has not happened.

Instead, each rally attempt has been smaller than the previous one, which is often a sign of weakening demand.

HBAR price outlook

The near-term outlook now hinges on one simple condition: whether $0.08 holds or breaks.

If buyers defend this area again, Hedera could continue ranging between the mid-$0.08s and low-$0.09s while waiting for a stronger catalyst. In that case, price action would likely remain choppy but contained.

If $0.08 fails, however, the structure shifts quickly, and market projections place the next visible target as the February low at $0.07796, and below that, the broader support zone near $0.0727 comes into view.

The speed of any drop would depend on how quickly liquidity disappears below current levels.

But there is still one wildcard in the background: upcoming Hedera Hashgraph ecosystem developments and broader market sentiment shifts.

These events can temporarily interrupt bearish momentum, but so far, they have not been strong enough to reverse the current trend.

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