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Watch out for this level in Dogecoin (DOGE): Will the rise continue? Dogecoin ($DOGE ) has begun to gain momentum by exceeding the $ 0.40 level after a long period of consolidation. This rise came after Gary Gensler left the SEC chairmanship and Elon Musk took part in government initiatives. Investors think that with the increasing upward trend, DOGE could break $ 0.653 and reach $ 1.25. Dogecoin's latest rise began with the announcement of Gary Gensler's resignation. Gensler's harsh control policies had created uncertainty in the crypto market. Gensler's departure signaled a relief for the crypto market. Following this development, the global crypto market value reached a new peak of $ 3.25 trillion. Long positions on DOGE increased rapidly. According to leveraged transaction data, long positions worth $ 355.5 million were opened, while this amount was $ 193 million more than short positions. This development shows that investors are confident that the price of Dogecoin will continue to rise. As long positions become dominant, the risk of a short squeeze (large liquidations in short-side trades) increases as short positions are closed. This could lead to a faster increase in the price of DOGE. Technical analysis is bullish on the #Dogecoin chart. Dogecoin is currently holding above $0.40, forming strong support. Bollinger Bands are showing increasing volatility. This indicator indicates that the price could make a significant move soon. If Dogecoin breaks $0.45, the next target could be $0.653. $BTC $ETH
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📢 Topluluk Güncellemesi: Bugün erken saatlerde, bir kullanıcının SolvBTC.BBN tutan cüzdanı izole bir olayda ele geçirildi ve bu durum geçici olarak SolvBTC.BBN fiyatlarını birkaç DEX'te etkiledi. Solv Protocol’ün akıllı sözleşmelerinde veya token sözleşmelerinde herhangi bir güvenlik açığı olmadığını ve platformun güvenliğinin tamamen sağlam olduğunu özellikle vurgulamak isteriz. Kullanıcı fonları güvende olup, SolvBTC.BBN hala temel Bitcoin tarafından 1:1 oranında desteklenmektedir. Ekibimiz, olayın Solv ekosistemi üzerindeki etkisini aktif olarak araştırmaktadır ve yakında detaylı bir rapor paylaşılacaktır. Solv Protocol Ekibi
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Will the Solana (SOL) rally continue? Solana, which hosted the memecoin supercycle, achieved the most striking statistics of 2024. The total locked asset (TVL) value of the Solana blockchain, which was around $ 1 billion at the beginning of the year, increased to $ 9.257 billion as of the time of writing. The popular blockchain started to generate an average daily income of $ 15 million. Solana, which hosts memecoins such as $BONK , WIF, PNUT, ACT, GOAT and MEW, is running to record highs with the increasing number of users. The $SOL price reached $ 262 in the morning hours, marking an all-time high (ATH). #Solana (SOL) analysis According to AMBCrypto's analysis, Solana, whose upward momentum is strengthening, may reach $ 300 by the end of the year. SOL continues to attract new investors. Open Interest (OI) reached an all-time high of $6.03 billion in the last 24 hours. This data was interpreted as demand from derivatives also supporting spot demand. Despite the positive outlook, the Relative Strength Index (RSI) created a bearish divergence. The data in question indicates that there may be an increase in selling pressure. AMBCrypto said that the increase in short selling is remarkable and that investors should be cautious against the changing market sentiment. The analysis noted the following; “This month, bullish market sentiment reached new highs, but SOL was already overbought. SOL's next major target will be $300, which could be achieved soon if the market maintains its current momentum.” The analysis stated that if cryptocurrencies, especially $BTC , remain strong, the SOL price will continue to rise. Nevertheless, the analysis stated that sharp price movements could be seen with the start of profit taking.
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SEC Chairman Gensler’s resignation could send these altcoins soaring! The Securities and Exchange Commission (SEC) had suppressed the crypto market until the first quarter of 2024. SEC Chairman Gary Gensler has argued for years that the crypto market is a Ponzi scheme and that many cryptocurrencies, including popular altcoins, should be considered securities. Algorand (ALGO) Algorand ($ALGO ), a layer-1 blockchain that allows developers to make secure and low-cost transactions, was one of the altcoins included in the SEC’s securities report. #ALGO made a name for itself in the 2021 bull run, but suffered a major decline after the SEC blacklisted it. Gensler’s resignation could remove the obstacles in front of ALGO. #Cosmos (ATOM) A multi-blockchain ecosystem that scales and interacts with each other in harmony, Cosmos ($ATOM ) was one of the altcoins blacklisted by the SEC. Cosmos, which brought projects like Celestia (#TIA ) to the crypto ecosystem, may return to its old days with Gensler’s resignation. NEAR Protocol (NEAR) NEAR Protocol ($NEAR ), which allows users to create their own applications and cryptocurrencies, was one of the altcoins on the SEC’s list. The Layer-1 blockchain has long faced “unregistered securities” charges from the SEC. Gensler’s resignation could pave the way for NEAR. NEAR has increased by over 10 percent in the last 24 hours. Filecoin (FIL) Data storage and file transfer platform #Filecoin (FIL) has quickly gained popularity with its work in the blockchain field. In fact, Filecoin was one of the altcoins that faced unregistered securities charges from the SEC. The popular altcoin has struggled with selling pressure since 2023. Cardano (ADA) Cardano (#ADA ), a publicly traded smart contracts and layer-1 platform, has been competing with major altcoins such as XRP and Ethereum. The SEC announced that Cardano was also listed as an unregistered securities. The announcement marked the beginning of ADA’s long-term bear market. ADA, which rose with the news that Gensler would resign, could host a major rally.
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