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On the 4-hour timeframe, the price action is indicating an upward correction. If Dogecoin continues to hold the current price, it could touch $0.42. If the gains continue, the coin could head towards $0.4482.

However, if the selling pressure escalates and the coin fails to hold the $0.4130 level, it could face a correction towards $0.39 levels or lower.

Additional indicators:

The daily RSI at 73.82 indicates that Dogecoin is in the overbought zone.

The short-term moving average (9-day) is above the long-term moving average (21-day), supporting the bullish trend.

The post Is Dogecoin (DOGE) Showing Signs of Recovery After 10% Surge? appeared first on Yalla Crypto

Is Dogecoin (DOGE) Showing Signs of Recovery After 10% Surge?

Yalla-Crypto - The cryptocurrency market witnessed a positive turn during the day, as Bitcoin price rose to $102,000. According to the Fear and Greed Index, the market remains neutral at 57. Among the eye-catching assets, the leading meme coin, Dogecoin (DOGE), recorded a significant increase of more than 10.52%.

Dogecoin is currently trading at $0.4148, with a market cap of $61.25 billion. It opened the day trading in the $0.3753 range, before prices surged to a high of $0.4177.

The market also witnessed $15.26 million worth of Dogecoin liquidated during this period, with the coin’s daily trading volume reaching $6.1 billion.

Dogecoin’s continued rise: Is it possible? Technical indicators reflect the coin’s continued bullish momentum. The MACD indicator is showing a positive crossover with the signal line, indicating strong short-term price action and a potential buying opportunity.

In addition, the Chaikin Money Flow (CMF) indicator recorded a value of 0.36, reflecting positive money flows towards the coin. Dogecoin’s daily trading volume has also increased by more than 48.29%.

-Should I buy Bitcoin?

Cryptocurrency markets are notoriously volatile, so one should study all available statistics before adding crypto assets to their portfolio. Technical analysis often comes in handy. We have prepared technical ratings for Bitcoin (BTC): Today’s technical analysis shows a buy signal, and according to the 1-week rating, BTC shows a strong buy signal. It is better to dig deeper and study the 1-month rating as well – it is a strong buy. Get inspired in Bitcoin trading ideas and track what is moving the cryptocurrency markets with our Cryptocurrency News Feed.

-Is it safe to invest in Bitcoin?

Bitcoin (BTC) is as reliable as any other asset – this corner of the global market is extremely volatile. Today, for example, Bitcoin is estimated to have a 1.34% volatility. The only thing that means is that you should prepare and examine all available information before making a decision. If you’re not sure about Bitcoin, you can find more inspiration in our curated watchlists.

-What do traders think about Bitcoin?

You can discuss Bitcoin (BTC) with other users in our public chats or in the comments on Ideas.

-What is the circulating supply of Bitcoin?

The current circulating supply of Bitcoin (BTC) is 19.81M USD. For a broader picture, you can check out the list of coins with the highest circulating supply, as well as the coins with the fewest tokens in circulation.

-What is the maximum supply of Bitcoin?

Bitcoin has a maximum supply of 21.00M coins. No matter how the currency develops, no new coins will be issued after this number is reached.

-How to buy Bitcoin?

The safest option when buying BTC is to go to a well-known crypto exchange. Some popular names are Binance, Coinbase, and Kraken. But you will need to find a reliable broker and create an account first. You can trade BTC directly from TradingView charts — just choose a broker and connect to your account.

-What is the daily trading volume of Bitcoin?

The 24-hour trading volume of Bitcoin (BTC) is 60.60B USD. See how many times other coins in this list were traded.

-How has the price of Bitcoin changed over time?

The price of Bitcoin has increased by 9.58% over the past week, its monthly performance shows an increase of 3.64%, and in the past year Bitcoin has increased by 151.41%. See more dynamics on the BTC price chart.

Follow cryptocurrency changes through the cryptocurrency heatmap.

-What is the lowest price of Bitcoin ever?

Bitcoin (BTC) reached its lowest price of 2 USD on October 20, 2011. See more Bitcoin dynamics on the price chart.

Check out the list of cryptocurrency losers to find unexpected opportunities.

What is the market cap of Bitcoin?

The current market cap of Bitcoin (BTC) is 2.07T USD. To see this number in context, see the list of cryptocurrencies ranked by market cap or see the cryptocurrency market cap charts.

What is the price of Bitcoin today?

The current price of Bitcoin (BTC) is 104,657 USD — and it’s up 0.21% in the last 24 hours. Try to put this information into context by checking which coins are currently gaining and losing and seeing the BTC price chart.

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US President-elect Donald Trump has launched a meme coin called TRUMP.

He announced it on his official X (formerly Twitter) account

The coin has so far surged 12,000% in 12 hours and is now worth $32 billion.

Twitter accounts indicate that some traders have made huge gains, with a trader going from $50,000 to over $1 million.

Sites like Axios and CNBC confirmed that Trump launched the new coin, and that the Twitter announcement was not a hack.

Trading volumes approached $1 billion while the coin’s value rose by more than 300% within minutes. When the market stabilized, the price of $TRUMP reached $7.1, up significantly from its initial price of $0.18.

The $TRUMP token was built on the Solana network and has a total supply of 1 billion coins, with 200 million available at the start. The remaining amount is scheduled to be issued in stages over the next three years.

Ownership of the token is highly concentrated, with CIC Digital LLC, a subsidiary of the Trump Organization, and Fight Fight Fight LLC, a new company based in Delaware, each owning 80% of it. The token is currently reportedly worth between $17 and $18 per coin.

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Urgent: Did Trump launch a meme coin? .. 1400% rise in moments

Investing.com - US President-elect Donald Trump launched the TRUMP coin ahead of his inauguration ceremony next week.

The coin rose sharply by 1400% immediately after its launch. Its market value reached 7.7 billion US dollars.

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The US President announced the launch of the small digital currency via his account on the X platform (formerly Twitter).

It should be noted that it is not certain whether this is Trump himself or whether his Twitter account was hacked.

Binance notes:

Then at 10:44, Trump posted the same content again on his personal X account. At that time, the market basically ruled out the possibility of a hack, and although it is very hard to believe, it seems to be the case - the US President personally launched a meme coin!!!

The search for the credibility of the coin continued according to a report on Binance, which stated that blockchain observers announced that the funding of the meme token address came on the Gate and Binance platforms, and the two platforms do not support the US market.

Bitcoin Revolution 2024: Bitcoin DeFi surges 22x amid price and ETF boom!

In an unprecedented surprise, the Bitcoin-based decentralized finance (BTCFi) sector witnessed a massive 22x jump in value during 2024, reflecting a major shift in the world of digital currencies. The massive increase came as a result of a series of notable developments, most notably the advancement of staking on Bitcoin, the launch of Bitcoin exchange-traded funds (ETFs) in the United States, as well as historical highs in Bitcoin prices.

According to data from the DefiLlama platform, the value locked in the Bitcoin network doubled from $307 million in January 2024 to more than $6.5 billion by the end of the year, an increase of more than 2000%. This extraordinary growth is due to the rapid development of infrastructure, especially with the launch of the “Babylon” platform, which introduced the local staking mechanism for Bitcoin for the first time, which sparked investor enthusiasm. Babylon alone saw its locked value jump 222% in two months, reaching over $5.2 billion by December 2024.

On the price front, 2024 was a historic year for Bitcoin, with its price rising 121% to break the $100,000 barrier in December, following Donald Trump’s victory in the US presidential election.

Dogecoin surges 10%, nears all-time highs on bullish momentum and technicals

- Dogecoin (DOGE) made a notable jump today, surging 10% to $0.417, its highest level since mid-December 2024. This improvement signals a strong recovery in the meme market as a whole, with coins like Shiba Inu (SHIB) and PEPE also seeing notable gains, after Bitcoin recovered above $100,000.

The increase in open interest in derivatives contracts, which reached $5.4 billion for DOGE, reflects a bullish trend in the market. This increase in interest in derivatives contracts is contributing to investor optimism, as traders expect the bullish momentum to continue.

Technically, the weekly chart analysis indicates the formation of a “bull flag” pattern, which is often a sign of an uptrend. If Dogecoin continues to close above $0.39, the next technical target could be $1.75, a new level that could mark a new all-time high for the meme coin.

Moreover, DOGE’s daily RSI is at 65, which means that the coin is not yet in the overbought zone, which increases the likelihood of further gains in the coming period.

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Ripple’s chief legal officer, Stuart Alderotti, wrote: “As expected, the SEC’s appeal brief is a rehash of already failed arguments—and will likely be dropped by the next administration. We will respond formally in due course. For now, know this: The SEC’s lawsuit is just noise. A new era of pro-innovation regulation is coming, and Ripple is thriving.”

That said, XRP almost certainly won’t be the first altcoin to get an ETF in 2025. That privilege will likely go to Litecoin. As BeInCrypto previously reported, Nasdaq has already filed to list a Litecoin ETF from Canary Capital.

Overall, the prospect of an XRP ETF is growing stronger, but regulators still have some hurdles to clear to make it happen.

Currently, four XRP ETF applications are pending in the US – WisdomTree, Bitwise, Canary Capital, and 21Shares. The biggest hurdle for these applications is the SEC itself.

Based on the SEC’s recent appeal, it’s clear that the SEC is still pushing US lawmakers to treat XRP as a security. However, this challenge may not last long.

With President-elect Trump inaugurated next week, Gary Gensler, the current SEC Chairman and Ripple’s biggest foe, is set to resign. Trump is also expected to restructure the SEC’s regulatory framework.

Therefore, it is highly likely that the SEC will drop its lengthy lawsuit against Ripple. For this reason, the possibility of an XRP ETF is becoming increasingly inevitable, and even Ripple’s CEO believes so.