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Analyst Sets Target Above $0.37 After Dogecoin Breaks Symmetrical Triangle This technical trend suggests Dogecoin will rise to a new objective over $0.375. Symmetrical Triangle Will Raise Dogecoin Above $0.37 CryptoSanders posted a Dogecoin price chart with converging trendlines forming a symmetrical triangle. The TradingView expert said Dogecoin's price broke above the symmetrical triangle's upper trendline at $0.316, confirming a bullish breakout and suggesting a price explosion to $0.375. The symmetrical triangle chart pattern indicates consolidation before a price breakthrough. A bitcoin price breakout from this pattern frequently signals a new or continuing trend. Breaking out of the lower trendline starts a bearish phase and vice versa. The bullish setting of Dogecoin's price breakout is supported by price movement above crucial moving averages, according to CryptoSanders. Dogecoin was above the 50-EMA and 200-EMA when the analyst reported. Two crucial moving averages indicate Dogecoin price growth. The TradingView expert believes Dogecoin's rising momentum may be strengthened by converging moving averages. After Dogecoin broke the symmetrical triangle formation, the expert expects $0.375 as its next major resistance level. Investors take profits at this psychological Dogecoin price threshold. Dogecoin might climb to new highs if it breaks over $0.375 barrier. Failure to cross this level might trigger another slump, driving Dogecoin below $0.306 support. CryptoSanders shared his positive Dogecoin price forecast and a well-defined trading plan for investors wanting to benefit on this symmetrical triangle breakthrough. After the breakthrough confirmation, the analyst found an entry zone around $0.316. A $0.306 stop loss reduces downside risk and financial loss if a breakout fails. Along with the chart's resistance level, $0.375 has been confirmed as the main profit-taking zone. CryptoSanders says this trading setting has a good risk-reward. #DOGE #MarketRebound #BTCNextMove $DOGE #Crypto2025Trends $BNB
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Shiba Inu Burn Rate Rises 40% on Christmas Day, Price Rises 3.5% SHIB burning increased in the 24 hours before Christmas in the Shiba Inu environment. According to Shibburn.com, Shiba Inu's burn tracker, the meme currency has burnt 41.87% more Shib tokens in 24 hours than before. Increased Shiba Inu Burn Rate Drives Price Up Shibburn.com reports millions of SHIB burnt in 24 hours. Shiba Inu holders burnt 7,309,654 SHIB tokens in 24 hours. Tokens are burnt when transmitted to one of the three SHIB burn addresses. Shibburn.com data indicates burns ranging from 6,387 to 4,326,195 SHIB tokens. Although not substantial, the burn rate spike looks to have boosted SHIB's price. This is because the Shiba Inu price rose 3.5% in the last 24 hours, improving its market performance on Christmas Eve and Christmas Day. This rise in activity suggests the SHIB price may resume its positive trend. How Long Can SHIB Burns Push Shiba Inu Price? SHIB burns deflate Shiba Inu's supply, which boosts its worth over time. SHIB burning provide environmental benefits beyond lowering supplies. For instance, SHIB burn activity indicates Shiba Inu merchant activity. High periods or spikes in SHIB burning generally boost network traffic and pricing. Shiba Inu ecosystem efforts like ShibaSwap and Shibarium also cause SHIB burns. Shibarium burns SHIB tokens generated by layer-2 BONE gas costs. In the last 24 hours, Shiba Inu has gained 3.5% to $0.00002305. The meme currency has fallen 10.71% in seven days. #SHIB #Crypto2025Trends #BTCNextMove #MarketRebound $SHIB
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Ethereum Price Prediction: Inverse Head-and-Shoulders Pattern Predicts $10,000 An expert found an inverse head and shoulder pattern on Ethereum's 6-month long-term price chart, indicating a breakout. Ethereum may soon reach $12,000, a new record high for the second-largest cryptocurrency by market value, according to this bullish pattern. When a cryptocurrency breaks through the neckline after the pattern is complete, it may be entering an uptrend. Ethereum's price has fallen nearly 8% in the previous week. After falling from over $4,000 to below $3,500, Severino expects Ethereum to rebound to $12,000, the leading cryptocurrency. The analyst's price chart shows that the left shoulder of the inverse head and shoulder developed in 2021, while the head formed during Ethereum's price drop in 2022, representing the pattern's lowest point. Ethereum just tested the neckline, a horizontal trendline resistance level, completing the right shoulder of the inverse head and shoulder pattern. The bullish trend reversal associated with this chart pattern was confirmed when Ethereum broke over $3,400. The distance between the head and the neckline on the price chart is 265.84%, indicating Ethereum might climb between $10,000 and $12,000. Severino's Ethereum price goal may match the inverse head and shoulder's upward-sloping channel, supporting this bullish trend view. The analyst posted Ethereum's accumulating address balance chart. Ethereum whales are buying ETH tokens quickly, significantly growing their holdings since 2017. The huge increase in accumulation shows investors are ready for a positive price move. The analyst's chart's red arrow reveals a recent ETH balance surge on accumulation addresses. Most wallets related with this surge accumulation have witnessed small outflows, indicating long-term investor holding. #ETH #MarketRebound #BTCNextMove $ETH $XRP $SOL
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Singapore Leads Asia's Crypto Hub Race Over Hong Kong Singapore outperformed Hong Kong in “regulatory efficiency and appeal” to crypto businesses in 2024, according to Bloomberg. The city-state awarded 13 crypto licenses this year, more than twice the amount in 2023. OKX, Upbit, Anchorage, BitGo, and GSR received regulatory permission, underscoring Singapore's rising appeal to digital asset companies. Hong Kong's licensing framework has made “slower progress” with just seven fully approved platforms and numerous more with interim authorization. Hong Kong Accelerates Crypto Licensing: 4 New Exchanges Approved Regulation Differences Make Region Competitive Industry observers blame Hong Kong's regulatory limitations for its tardiness. They said the city's strict token listing, delisting, and custody restrictions make it hard for exchanges to make a profit. TRM Labs senior policy advisor Angela Ang said: Hong Kong's exchange regulations are stricter in areas like client asset custody and token listing and delisting. This may have favored Singapore.” Different Crypto Innovation Strategies Singapore's balanced regulatory system encourages new entrants and incumbent financial institutions to collaborate. Project Guardian and Global Layer 1, supported by the Monetary Authority of Singapore, seek to speed asset tokenization and blockchain use in wholesale financial markets, Bloomberg said. Singapore has become a solid regional headquarters for digital asset firms due to these initiatives. Despite the sale of HK$6 billion ($770 million) in tokenized green bonds and the debut of Bitcoin and Ethereum spot ETFs, acceptance has been sluggish in Hong Kong. These Hong Kong ETFs have $500 million in assets under management, compared to $120 billion in the US. #Singapore #HongKong #MarketRebound #BTCNextMove $BTC $ETH $XRP
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Japanese Giant Metaplanet Buys 60 Million Bitcoin Could This Start a Bull Run? Recently, Japanese investment company Metaplanet made its biggest Bitcoin acquisition, purchasing 619.7 BTC for ¥9.5 billion ($60.5 million). After issuing debt and buying additional BTC, Metaplanet's BTC treasury strategy has advanced. The business now has 1,761.98 BTC, worth approximately $164 million at current pricing. Metaplanet's approach resembles MicroStrategy's, a U.S. software business that values BTC. In 2020, MicroStrategy bought BTC to improve shareholder value. Over $41 billion, MicroStrategy controls 444,262 BTC. Bold Value-Boosting Strategy Metaplanet's move to buy more Bitcoin has garnered attention, particularly given its aspirations to safeguard its BTC holdings and lead Japan's Bitcoin ecosystem. Some hailed the decision, while investors criticized it, causing its stock price to dip last week. This response was partially caused by fears about the corporation becoming a "Bitcoin treasury" like MicroStrategy. Metaplanet's approach shows faith in Bitcoin's long-term worth despite varied reviews. Metaplanet wants to store value using Bitcoin by building large reserves. As Japan's bitcoin industry evolves, this brave action may inspire other companies. Bitcoin Market Outlook: Can It Break $99,350? The Bitcoin market is consolidating. After falling below $92,000, Bitcoin is now trading at $98,180. Resistance begins at $99,350 and increases at $102,470 and $106,450. Bitcoin might rise to $100,000 if it breaks these boundaries. On the downside, $96,210, $92,710, and $90,870 are important support levels. The RSI of 60.20 shows positive momentum may continue, but Bitcoin's volatility remains high. A break over $99,350 might spur more gains, while failure to hold above $96,210 could cause regression. Metaplanet adds $60.5 million to its Bitcoin treasury. Bitcoin faces immediate resistance around $99,350; a break might boost prices. RSI 60.20 indicates positive momentum, but volatility persists. #BTCNextMove $BTC #GrayscaleHorizenTrust #MarketRebound
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