Author: The Daily Hodl
Cryptocurrency analyst and trader Ali Martinez is warning that a top memecoin could plunge significantly amid the market downturn. Martinez tells his 128,900 followers on the social media platform X that Pepe (PEPE) is “about to crash” after breaking down below the lower boundary of a parallel channel it has been trading in for almost a year. “Since March 2024, Pepe tends to drop to the lower support trend line and then it rises to the upper resistance trend line. From this level, Pepe tends to drop back to the lower support trend line and from here it rebounds again.…
A popular crypto strategist says that the altcoins currently showing market strength despite Bitcoin’s (BTC) downturn may spearhead the next digital asset rally. Pseudonymous analyst Credible Crypto tells his 463,000 followers on the social media platform X that payment tokens Litecoin (LTC) and XRP may soon be top market performers as they hold key support levels above recent low prices despite Bitcoin’s price collapse this week. “At this time, for the the first time in a while, select alts are holding their own against prior lows while BTC has nuked below its own relative range lows. Look for those alts…
An AI data-focused altcoin avoided the crypto market downtick this week after being added to Coinbase’s listing roadmap. Cookie DAO (COOKIE) aims to serve as an index and data layer for AI agents. The project’s native token, COOKIE, is priced at $0.215 at time of writing and is trading roughly even in the past day and week. The overall crypto market cap, by comparison, is down 5% in the past 24 hours and nearly 16% in the past seven days, according to data from CoinGecko. Coinbase added COOKIE to its listing roadmap after Binance rolled out support for the asset…
Top US-based crypto exchange platform Coinbase is abruptly adding support for one decentralized finance (DeFi) lending protocol built on Ethereum (ETH) and Base. In a new announcement, Coinbase says it’s adding support for borrowing and lending project Morpho (MORPHO), causing the digital asset to rise in price. News of the addition sent MORPHO flying as the crypto asset went from a low of $2.05 on February 27th to a peak of $2.42 just a day later. MORPHO has since stabilized and is trading for $2.21 at time of writing, a 7.9% gain during the last 24 hours. Morpho, which launched…
Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar losses after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up nearly 14 million Melania (MELANIA) last month for about $30 million, only to sell off all his holdings this week at a loss of $15.68 million. Lookonchain also noticed another whale lost $3.73 million on his MELANIA trade this week as well. “Whales sold all their MELANIA holdings at a loss recently! DNTpoX…LN2A spent 30 million USDC to buy 13.97 million MELANIA a month ago,…
A widely followed crypto analyst says that smart contract platform Ethereum (ETH) appears close to bottoming out against Bitcoin (BTC). In a new video update, crypto strategist Benjamin Cowen tells his 877,000 YouTube subscribers that the ETH/BTC pair will likely find its cycle low under 0.017 ($2,181) sometime near the end of the year. “ETH/BTC market cap ratio is getting pretty close to the lows…I think there is a decent chance that it will bottom out.” However, according to Cowen, if the US Federal Reserve were to cease its monetary policy of quantitative tightening, the ETH/BTC pair would immediately bottom…
The chief executive of a prominent crypto analytics firm believes that the Bitcoin (BTC) bull market is far from over despite a correction to the $78,000 level. CryptoQuant CEO Ki Young Ju tells his 409,400 followers on the social media platform X that he expects severe corrections during bull cycles and that Bitcoin may soon return to six figures. However, he warns that if Bitcoin drops well below $75,000, it will likely mark the end of the current bull market cycle. “I’m bullish. The bull cycle is not over. The cycle I’m referring to includes a potential 30% drawdown at…
Crypto strategist Michaël van de Poppe says Bitcoin (BTC) remains in a bull market despite correcting to the $80,000 range this week and he is predicting a massive rally. The analyst tells his 778,500 followers on the social media platform X that Bitcoin may soar to as high as $250,000 this cycle, a 195% increase from its current value. “I don’t think that the cycle is over. I think it barely started, even the hype on Bitcoin wasn’t anywhere near euphoria. I do believe that we’ll see Bitcoin above $200,000-$250,000 this cycle. I also believe we’ll have one year of…
Cryptocurrency analyst and trader Kevin Svenson is outlining the path forward for Bitcoin (BTC) as the flagship digital asset lingers around 20% below the all-time high. In a new video, Svenson tells his 82,700 YouTube subscribers that Bitcoin could re-enter bullish territory if BTC breaks above a downward trend line on the weekly time frame and manages to close above the price of $90,000. “So what we’re looking for right now with the current weekly is that we get a nice close, that we close at least above our downward-sloping support. At least we want to close above about $87,500…
Analyst and trader Ali Martinez is warning that a bearish signal is flashing on Bitcoin (BTC) amid a correction that has seen the crypto king fall to a three-month low. Martinez tells his 128,800 followers on the social media platform X that a bearish divergence is evident on Bitcoin’s weekly time frame. A bearish divergence occurs when price is recording higher highs and higher lows while an indicator such as the Relative Strength Index (RSI) is recording lower lows and lower highs. The RSI indicator is a momentum oscillator used to determine oversold or overbought conditions. According to Martinez, Bitcoin…