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PENG/SOL - Raydium (Meme coin)TF: Daily Price Action: Currently in a bearish trend. Broke the previous daily structure, and price pulled back in to the current range supply zone which led the break of structure, Key point: before running into the supply area, price took out the liquidity and then made an internal bos. Currently price is retesting its internal S/R flip zone, which also has a 0.5% of Fib, but as of yet no significant reaction found, if the price starts ranging at the current price levels, I’ll wait for the liquidity to be taken out first before entering a position, or I ‘ll wait for price to come in my demand zone. Buying Ranges: 0.1403 – 0.1120 *NOT A FINANCIAL ADVICE – DYOR!*
RAYDIUM:PENGSOL_AXBDDI.USDLong
by zain9674
Shiba Inu Burn Rate Explodes by 6750%- $SHIB to $0.01 Realistic?The Shiba Inu Burn Rate recently rocked by a staggering 6750%. With nearly 27.1 million coins taken out of circulation in a single day, this development has reignited bullish sentiments and heightened expectations among investors hoping to see the token soar to its long-anticipated $0.01 price target. Burn Rate Surge and Ecosystem Growth The Shiba Inu burn rate has long been a key factor in market optimism for the token's future. The recent uptick marks another significant milestone, with the supply steadily decreasing. According to Shibburn data, the total circulating supply now stands at 589.26 trillion coins. This burn activity exemplifies the fundamental economic principle of supply and demand, where a shrinking supply combined with sustained demand can create upward price pressure. Shiba Inu’s ecosystem is also growing in prominence. Its Layer 2 solution, Shibarium, continues to see rising activity. Shibarium has sparked enthusiasm, as its growth signals the potential for further adoption and utility within the network. Such developments draw parallels to the meteoric price rally witnessed during Shiba Inu’s historic bull run in 2021. However, despite this burn surge, Shiba Inu's price dipped by 2.5% to $0.00001806 at the time of writing. The broader market correction has tempered short-term optimism, but long-term prospects remain intact thanks to the ongoing token burns and ecosystem expansions. Prominent figures within the SHIB community, such as marketing lead LUCIE, continue to advocate for the $0.01 target, although they acknowledge that patience will be required for the coin to reach that level. Technical Analysis From a technical perspective, Shiba Inu ( CRYPTOCAP:SHIB ) is trading within a weak channel, struggling to maintain momentum. The Relative Strength Index (RSI) currently sits at 38, signaling that the asset is in oversold territory. This could indicate that a potential reversal is on the horizon, especially as the token attempts to break through key resistance levels. The chart shows that CRYPTOCAP:SHIB recently broke down from a rising wedge pattern, which is traditionally seen as a bearish signal. The falling wedge pattern suggests that a period of consolidation might be imminent before a strong upward movement. The next significant resistance is at the $0.00002 pivot point, which could act as a springboard toward $0.00002174 — the token’s one-month high. A move toward the $0.000021 mark would likely attract a new wave of buyers, potentially triggering a fresh rally. For the bulls to regain control, though, significant token burns will be essential to reduce supply and increase scarcity. The 50, 100, and 200 Moving Averages also present a mixed outlook, indicating further consolidation might occur before a definitive trend emerges. Shiba Inu's Historical Significance and Outlook The Shiba Inu token ( CRYPTOCAP:SHIB ) holds a unique place in cryptocurrency history as the first "mascot" coin to be involved in such a large-scale charitable act. Vitalik Buterin, the co-founder of Ethereum, made headlines in 2021 when he donated a massive amount of CRYPTOCAP:SHIB to the India COVID Relief Fund, a move that remains one of the largest crypto donations ever. This philanthropic association with CRYPTOCAP:SHIB has elevated its status in the eyes of the crypto community. Looking ahead, CRYPTOCAP:SHIB ’s path to the $0.01 price target will largely depend on several factors: the continued burn rate, ecosystem development, and broader market trends. While it remains a long road, the strong community backing and recent technical signals suggest that Shiba Inu ( CRYPTOCAP:SHIB ) could once again surprise investors with a sharp upward trajectory, provided the burn rate continues at its current pace. In conclusion, Shiba Inu’s recent burn rate explosion is a bullish signal for its long-term prospects. Although the token faces immediate challenges due to technical resistance and market corrections, the fundamental outlook remains optimistic. Investors should closely monitor key levels such as $0.000021 and $0.00002 for signs of a potential breakout. As always in the volatile crypto space, patience and a careful eye on both fundamentals and technical indicators will be crucial to navigating the journey toward $0.01.
COINBASE:SHIBUSDLong
by DEXWireNews
GOATSEUS MAXIMUS NO. 1 MEME COIN ATMTechnical Analysis + trade plan by Blaž Fabjan Rising Wedge Pattern A Rising Wedge is identified on the chart, which is typically a bearish reversal pattern in technical analysis. This indicates that the price could experience a short-term decline once the wedge breaks downwards, which is consistent with the message on the chart indicating a potential short-term decline. Support and Resistance Levels Support Level: $0.18047 (Key support zone where price could potentially rebound or consolidate). Resistance Levels: $0.58642: This level is a key point to watch for short-term profit-taking if the price rises. $0.99652: Long-term potential target for new All-Time High (ATH) based on the pattern after the short-term decline. Volume Analysis The Volume (GOAT) is showing 909.922K, suggesting strong interest and participation at the current price range. Volume needs to increase significantly to confirm any breakout from the wedge, either upward or downward. Divergence (VMC B Divergences) The chart shows the VMC B Divergences, indicating potential early signs of price reversal. Negative divergence here could indicate that momentum is weakening and aligns with the expectation of a short-term drop. RSI and Stochastic RSI RSI (14 period): 56.43 – This shows that the price is in a neutral zone, not overbought or oversold. Stochastic RSI (14, 1, 3): 94.16 – Indicates that the price is in the overbought zone, which could signal a pullback soon, especially as it is above 80. Hull Moving Average Histogram (HMA Hist) HMA Hist: It’s slightly negative (-0.00315), which can indicate early bearish momentum, supporting the idea of a short-term price decline. Trading Plan Scenario 1: Short-Term Decline and Rebound (Rising Wedge Breakdown) Entry: If the price breaks below the rising wedge, consider entering a short position around $0.50-$0.52, aiming for a decline towards the support level of $0.18047. Confirmation of the breakdown would be further decline in RSI below 50 and volume spikes on red candles. Profit Target: First profit target is around $0.18047 (support level), which offers a significant risk-to-reward ratio. Stop-Loss: Place a stop-loss just above the resistance at $0.58642 to limit potential losses in case of a sudden upward breakout. Indicators to Watch: Watch for a change in the RSI back towards 30-40 during the pullback, which could indicate oversold conditions and a potential reversal. Scenario 2: Upward Breakout After Decline (ATH Target) Entry: After the expected decline, if the price finds support near $0.18047 and starts forming a bullish reversal pattern (like a double bottom or hammer candle), look to enter a long position. Profit Target: First target is $0.58642, and the second is $0.99652 for a potential new all-time high (ATH). Stop-Loss: For the long position, place a stop-loss just below $0.18047 to protect against further downside risk. Indicators to Watch: Watch for RSI moving above 50 again and a bullish crossover in Stochastic RSI to confirm the bullish momentum shift. Risk Management Risk per Trade: Limit risk to 1-2% of total trading capital. Position Sizing: Adjust position size based on stop-loss distance and desired risk tolerance. Summary Short-Term View: Price could decline after breaking down from the rising wedge, aiming for the support at $0.18047. Long-Term View: After the expected short-term decline, a bullish reversal could target a new ATH at $0.99652, provided volume and momentum confirm the breakout.
Long
by elfabiiani
First Neiro(NEIRO) Ready to Fall==>> -15%_-20%!!! Today I want to analyze the First Neiro ( BINANCE:NEIROUSDT ) has recently gained significant attention in the cryptocurrency market, with a remarkable +87% increase in price over the past week . The First Neiro(NEIRO) is Memcoin and operates on the Ethereum Blockchain . The First Neiro( BITGET:NEIROCTOUSDT ) has reacted well to Andrews' Pitchfork lines , so we use these lines as Support and Resistance lines . The First Neiro(NEIRO) attacked the Potential Reversal Zone(PRZ ) three times(In each attack, the volume is reduced ), but failed to break this area . According to the theory of Elliott waves , it seems that NEIRO has succeeded in completing 5 impulsive waves and we should wait for a correction . I expect First Neiro(NEIRO) to drop at least -15%, and if the Support zone($0.00156-$0.00148) breaks, we should expect a further drop (-20%) . First Neiro Analyze (NEIROUSDT), 4-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
DOGE COIN SWING LONG IDEA - MEMECOIN - ALTCOIN DOGE coin is the leader of the meme sector in crypto, and it’s sometimes directly supported by Elon Musk. That’s why I’m keeping an eye on this coin. The price is coming from a monthly demand zone, where it got rejected and has since started a weekly bullish momentum. Both the weekly and daily upward momentum are strong, suggesting the price could be heading toward new highs, in my opinion. We might see some retracement before it rallies all the way up, but that may not happen either.
Long
by UA_CAPITAL
GOATSEUS MAXIMUS - CONSOLIDATION BEFORE EXPLOSION TO THE TOP 100Technical Analysis for GOATSEUS MAXIMUS (GOATUSDT) + TRADE PLAN Overview and Price Movement: Current Price: $0.3180 (according to the chart). Price Range: The price has fluctuated between a low of $0.2571 and a high of $0.3800 within the observed time frame. Volume: Significant trading volume is noted, with a recent surge reaching 6.703M, suggesting rising interest and liquidity. Descending Trading Channel: The chart shows a descending trading channel, with price consistently testing the lower and upper bounds. Resistance Level: The upper trendline of the descending channel represents a resistance level where the price has struggled to break through. Support Level: The lower boundary of the descending channel serves as a support level, and the price has bounced back multiple times from this level. Breakout Potential: There is an indication of a potential breakout. The price has recently tested the upper trendline and is approaching a critical resistance level. The illustrated expectation suggests that the price may break out of the channel. Time-sensitive breakout: The chart suggests that a breakout might occur shortly, as highlighted by the visual cues (alarm clock). Indicators Analysis: VMC Cipher B: Displays divergences, which are often early signals of potential trend reversals. In this case, the indicator suggests a weakening downward momentum. RSI: Currently at 49.61, which indicates a neutral zone. It implies that the asset is neither overbought nor oversold, giving room for potential upward momentum after a breakout. Stochastic RSI: Currently at 22.83, which is in the oversold zone. This reinforces the potential for a bullish reversal in the near term. Hull Moving Average (HMA): The HMA is smoothing out the price movements, but its current position supports the possibility of a breakout from the channel in the next few candles. Trading Plan for GOATUSDT Entry Strategy: Aggressive Entry: Enter at the current price ($0.3180) with the expectation of a breakout. This strategy capitalizes on momentum. Conservative Entry: Wait for a confirmed breakout above the resistance level of the descending channel (around $0.3800) with a 4-hour candle close above this level. Stop-Loss Placement: Place a stop-loss below the support level of the descending channel (around $0.2570), as a breakdown below this level would invalidate the bullish thesis. A tight stop-loss can be placed at around $0.2900 to manage risk more conservatively in case of a false breakout. Profit Targets: First target: If the breakout occurs, aim for the first profit target near $0.5000, as psychological resistance tends to form around these round figures. Second target: A more extended target can be placed around $0.7000, which could be reached in a strong bullish continuation. Risk Management: Risk no more than 1-2% of your capital on this trade to ensure proper risk management. Adjust the position size according to the stop-loss and entry level. Time Horizon: Short to medium term, with a breakout expected within the next few trading sessions (as highlighted by the chart's time-sensitive breakout indicator). Continuously monitor the chart for any invalidations of the descending channel breakout. Potential Risks: False breakout: Be cautious of a possible fake breakout where the price might briefly cross above resistance but then fall back into the channel. Market Sentiment: Cryptocurrency markets can be volatile, and any broader market movements (such as Bitcoin price changes) could impact this analysis. Conclusion: The GOATSEUS MAXIMUS (GOATUSDT) price is positioned at a potential breakout zone, with several indicators showing early signs of a reversal. A well-structured trading plan that includes careful risk management and flexible profit targets is essential to maximize the potential of this trade. Always consider broader market conditions and adjust the plan accordingly.
Long
by elfabiiani
1
FLOKI | Meme Season Coming?Shiba killer is back? Recent Binance news indicates that the U.S. arm of the world's largest exchange, is all set to list the popular memecoin Floki Days after recognizing Shiba Inu’s full potential as a result of an internal review and its subsequent delisting from the Binance’s experimental “innovation zone”, the U.S. arm of the world’s largest crypto exchange announced that it will offer Floki, another flagship cryptocurrency from the memecoin genre. On Monday, April 24, the California-based Binance exchange notified its millions of users about the upcoming Floki listing which would initially be paired with both USD and USDT support. The trading for the token is said to go live tomorrow, April 25, 2023 at 5 a.m. PDT / 8 a.m. EDT. However, according to the announcement, the deposit function for FLOKI tokens are currently enabled for users to fund their crypto accounts. Binance has created seven new liquidity pools for crypto including Bitcoin, Shiba Inu, and Dogecoin in response to the growing demand for such cryptocurrencies. Moreover, emerging memecoins like Bone ShibaSwap (BONE), ArbDoge AI (AIDOGE) pumped more than 10% on news of a major exchange listing today. As a direct consequence of this, many in the crypto community are speculating of an impending memecoin rally where market participants anticipate higher retail engagement as an increasing number of exchanges provide support for these altcoins. However, such price movements are heavily dependent on Bitcoin and a further decline from its current levels of FWB:27K would turn out to be devastating for the larger crypto market.
by moonypto
27
Shiba Inu / SHIB analysisShiba Inu price today is $0.000012 with a 24hour trading volume of 300 million dollar. SHIB price is up 45% since last month SHIB is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. during the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. The price of SHIB has soared from as low as $0.000000000056 to an all time high of $0.000084, that is a 1500X times increase within 8 months. some call it Dogekiller too! welcome to crypto zoo!! Shiba Inu lead developer Shytoshi Kusama hints at rising development activity as Shibarium Beta launch date comes near. but lets talk about the chart most of charts looks the same and waiting for break out , I personally took profit and waiting to see can bulldogs break 0.000013 if yes then longing to 0.000014 make sense. if btc goes down then we can back to 0.00001
by moonypto
18
Fottie - Potential Leap to 1,000x Currently a $960k market cap at the time of writing, this frog memecoin has plenty of space to the upside. Fottie is displaying an extremely similar fractal/behavior that saw Pepe bottom in October 2023 and breakout from a downward wedge. See below chart for PEPE: PEPE at the time of writing has a $4.4bn market cap. Fottie has just shy of $1million. Even with a 1,000x it will still remain in the shadow of Pepe. So back to PEPE: Recently Fottie on it's exit from the white wedge also broke out into the RSI bull zone (from the indicator at the bottom of the chart). It is now on a volatile rampage up to the 0.5 or 0.618 fib level. From there it will likely correct to form its first completed Wave 1 of 5 wave. That would create an inverse head & shoulders. Dec 2024 to Feb 2025 is likely to will lead to the most volatile 3rd wave in the memecoin space. Before it finally tops out on it's Macro Wave 3 around February 2025. From break-out (green vertical line) to T1 (Target 1) this is a 227,000% gain (2,270x). From current levels a 86,000% gain (860x) in dollar terms. Ignore this frog at your peril. See you in 6-7 months! P.S. If you like the RSI Bull/Bear Thresholds indicator at the bottom of the screen, drop a comment below. It will soon be made available for a small exclusive audience.
UNISWAP:FOTTIEWETH_27920A.USDLong
by DigiDavid
Neiro Ethereum ($NEIRO) Surges 10% on Partnering With DWF LabsNeiro Ethereum ($NEIRO), the dog-themed meme coin, has seen a sharp rise in market performance following a strategic partnership with DWF Labs, one of the leading Web3 investors and market makers. The collaboration has fueled positive market sentiment, driving the coin’s price up nearly 10%, with traders and investors eyeing further growth as the project positions itself for broader market expansion. DWF Labs Partnership Sparks Optimism On October 18, Neiro Ethereum made a major announcement on X (formerly Twitter), stating, “We are thrilled to partner with DWF Labs, a new generation Web3 investor and market maker.” The partnership is expected to bolster Neiro’s market presence and drive future growth. Market participants have reacted positively, as the meme coin continues to gain momentum with investors optimistic about the long-term prospects of this partnership. While details of the collaboration are yet to be fully disclosed, the news has already had an immediate impact on market sentiment. Traders and investors alike have shown increased interest, as evidenced by the rising price and trading volume of $NEIRO. Factors Driving NEIRO’s Price Surge This new partnership with DWF Labs is significant for several reasons. As a reputable market maker, DWF Labs can provide essential liquidity, stability, and market expansion for the Neiro Ethereum token. This collaboration comes at a crucial time when meme coins, especially those with strong community backing like $NEIRO, are becoming more integrated into mainstream crypto markets. With this partnership, Neiro ($NEIRO) aims to strengthen its market position, increase token liquidity, and expand its community presence. The coin’s 10% surge in price has caught the attention of investors, while the 17% spike in intraday trading volume reflects the positive market reception to the news. Technical Analysis At press time, $NEIRO is trading at $0.00197, up 10% in the past 24 hours. The coin's recent trading volume has surged by 17%, demonstrating robust buying interest from traders. On the technical side, $NEIRO is trading with a moderate Relative Strength Index (RSI) of 53, suggesting that the asset is neither overbought nor oversold, leaving room for more upward momentum. The token is currently moving above key moving averages, confirming a bullish continuation pattern. This pattern aligns with previous behavior where $NEIRO tends to spike following consolidation phases. If the bullish momentum fades, key support levels are expected around the $0.0017 pivot point, which should help stabilize the price. Furthermore, data from Coinglass reveals a 9% increase in open interest (OI) for $NEIRO futures contracts, bringing OI to $81.47 million. This, combined with a 13% rise in derivatives trading volume to $628.75 million, suggests increased speculative interest in the token and adds to the overall bullish outlook. Broader Market Context Neiro Ethereum’s rise is also in line with broader gains seen across the meme coin sector. Many meme tokens have experienced significant growth lately, capitalizing on increased speculative trading and renewed interest in the altcoin space. $NEIRO’s recent weekly and monthly price action underscores this trend, with gains of 7% and 32%, respectively. As the partnership with DWF Labs continues to unfold, market participants are eager to see how this collaboration impacts Neiro Ethereum’s long-term trajectory. With the token already making strides in a competitive sector, its price action remains under close watch as traders anticipate further developments. Conclusion The partnership between Neiro Ethereum and DWF Labs has ignited optimism across the market, resulting in a 10% surge in $NEIRO’s price. As a meme coin with growing traction, Neiro is poised to benefit from the increased liquidity, market growth, and community expansion this collaboration offers. With bullish technical indicators and strong market sentiment, $NEIRO may continue its upward momentum, solidifying its place in the meme coin space
Long
by DEXWireNews
Dogecoin Analysis==>>Bat Harmonic Pattern!!!Today, I want to analyze the Dogecoin(DOGE) project for you. On-chain analysis shows that Dogecoin has seen rising active addresses and transaction volumes, reflecting growing adoption. While Dogecoin has faced price volatility, investors remain optimistic about its future as a lightweight and fast transactional currency. Regarding Technical Analysis , Dogecoi n is moving near the upper line of the symmetrical triangle , Potential Reversal Zone (PRZ) , Resistance lines and 200_SMA(Daily) . So, Dogecoin faces some resistance. Also, Dogecoin(DOGE) was able to make a Bearish Bat Harmonic Pattern . I expect Dogecoin will fall to $0.119(at least/-10%) . Dogecoin Analyze ( BINANCE:DOGEUSDT ), Daily time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
5
SHIBA INU at a Critical Level (Daily to 30-Minute Time Frame)As requested by a follower, here’s the follow-up to my last chart. SHIB is now sitting at a critical 0.0000177 support level. Will it hold, or are we heading lower to 0.00001666? Key Levels to Watch: Support: 0.0000177 Bearish Target: 0.00001666 Current Trend: If buyers hold 0.0000177, we could see a rebound toward higher levels. If sellers increase pressure, expect a drop to 0.00001666 before any potential reversal. What to Watch: Monitor volume—bulls need to step in soon. Keep an eye on the 30-minute chart for signs of a bounce or breakdown. Appreciate your engagement. Let me know if this helps. Bullish or bearish, what’s your take? MB Trader Trade What you see
CRYPTO:SHIBUSD
by Mindbloome-Trading
2
Arthur Hayes and the Church of Smoking Chicken Fish: A Deep DiveArthur Hayes, co-founder and former CEO of BitMEX, has once again shaken up the crypto world, but this time it’s not about Bitcoin or Ethereum—it’s about meme coins. In a recent essay, Hayes revealed that due to escalating geopolitical tensions, he has drastically reduced his meme coin portfolio. Remarkably, the only meme coin he’s held onto is MIL:SCF (Church of Smoking Chicken Fish). What makes MIL:SCF special, and why is Hayes betting on this under-the-radar token? Arthur Hayes' Move Hayes’ decision to sell off most of his meme coins is notable, especially in light of the broader cryptocurrency market's volatility amid geopolitical tensions. Following Iran’s missile attack on Israel, Hayes expressed concerns about the potential for major losses in an already uncertain market. His strategic reduction highlights the unpredictability of how crypto assets, especially meme coins, will respond to global conflicts. However, in a surprising move, he held on to MIL:SCF , a relatively obscure meme coin, signaling his belief in its long-term potential despite the market's inherent volatility. According to Hayes, The only meme coin I currently have is "Church of Smoking Chicken Fish (SCF)." This vote of confidence suggests that there might be something fundamentally unique about MIL:SCF that sets it apart from other meme coins. What is MIL:SCF (Church of Smoking Chicken Fish)? MIL:SCF is one of the latest meme coins to capture attention, blending humor and speculation in a way that appeals to retail traders looking for explosive growth. Meme coins have been an exciting subset of the cryptocurrency space, characterized by high risk and high reward. While many such tokens fizzle out after initial hype, MIL:SCF has garnered an unusual level of attention, especially with a high-profile investor like Hayes keeping it in his portfolio. The Technical Outlook for MIL:SCF : What the Charts Say On the technical front, MIL:SCF is showing signs of consolidating, as it currently trades at $0.1011, down from its all-time high of $0.14. With an RSI of 44, the token is not yet in oversold territory but is dangerously close to testing key support levels. The token is testing its only real resistance level at $0.1019. A breakout above this level could signal "blue skies" ahead, suggesting significant potential upside. On the downside, MIL:SCF has a key support level at $0.1011. If the token fails to hold this level, further declines could occur. However, should it hold, MIL:SCF could consolidate and build momentum for another push upward. While currently trading 8% down, MIL:SCF has been consolidating within a channel, which is a typical pattern seen before a potential breakout. Traders and investors alike will be watching closely to see whether MIL:SCF can breach its resistance and stage a comeback rally. Volatility and Market Sentiment Like many meme coins, MIL:SCF is subject to significant volatility. However, the ongoing community support, combined with Hayes' public backing, adds a layer of bullish sentiment that could drive renewed interest in the token. Additionally, Arthur Hayes' continued investment in pre-sale tokens and less liquid meme coins through his firm Maelstrom** indicates that he's positioning himself for future opportunities while holding a strategic position in $SCF. Why Hayes Chose MIL:SCF Over Other Meme Coins While Hayes hasn't disclosed the full reasoning behind his preference for MIL:SCF , we can infer several factors that may have influenced his decision: 1. Low Risk, High Reward Potential: Given MIL:SCF ’s relatively low price and market cap compared to larger tokens, the potential upside may far outweigh the risk for Hayes. 2. Limited Downside: With MIL:SCF already down 8%, the token could be close to its floor, making it a strategic hold during volatile periods. 3. Community and Meme Culture* Meme coins like MIL:SCF thrive on community-driven hype. As the only meme coin in Hayes' portfolio, MIL:SCF could benefit from renewed attention following his endorsement. The Bigger Picture: A Strategic Play in a Volatile Market Arthur Hayes' decision to reduce his meme coin exposure while retaining MIL:SCF reflects a broader trend among crypto investors—moving towards safer, more predictable assets during times of uncertainty. However, by holding MIL:SCF , Hayes is also betting on the continued popularity of meme coins, which have shown remarkable resilience in past market cycles. While Bitcoin’s long-term growth prospects remain intact, Hayes acknowledges the high volatility of meme coins and the potential collapse of weaker projects. By choosing MIL:SCF , he’s positioning himself in a way that limits risk while still keeping a foot in the meme coin market, which could offer explosive gains during the next bull run. Conclusion: Will MIL:SCF Break Out or Fade Away? MIL:SCF is at a critical juncture. With Arthur Hayes standing behind it, the coin has the potential to gain significant traction. However, whether it can break through its key resistance level and return to its all-time highs remains to be seen. For now, MIL:SCF offers a high-risk, high-reward play that appeals to both speculative traders and meme coin enthusiasts.
Long
by DEXWireNews
Elon Musk’s $75 Mln Donation to Trump & the Impact on DogecoinCould CRYPTOCAP:DOGE Hit $1? In a striking move, Elon Musk, one of the most influential figures in both tech and crypto, has once again made headlines—this time for his massive $75 million donation to support Donald Trump’s presidential campaign. As Musk campaigns for Trump, Dogecoin ( CRYPTOCAP:DOGE ), the meme cryptocurrency Musk has championed, has seen a surge in price. Could this lead CRYPTOCAP:DOGE to hit $1? Elon Musk’s Role in Trump’s Campaign Musk’s $75 million donation to the America PAC, a pro-Republican group supporting Donald Trump, has positioned him as one of Trump’s top donors. This America PAC, which Musk created, champions core values such as secure borders, sensible spending, and free speech—principles that align with Trump’s policy objectives. Musk's political move also includes a series of campaign talks in Pennsylvania, one of the key battleground states in U.S. presidential elections. His influence in boosting Trump’s odds in Pennsylvania has already become apparent, with data revealing that Trump is 14% ahead of Kamala Harris in the state. Beyond the donation, speculation has risen about Musk’s role in the proposed "Department of Government Efficiency" (DOGE), a political initiative tied to Trump’s vision for improving government operations. This has led to renewed optimism for Dogecoin, with traders and investors anticipating a strong correlation between Musk’s political influence and CRYPTOCAP:DOGE ’s price trajectory. DOGE Price Gains Amid Political Buzz As of the time of writing, Dogecoin ( CRYPTOCAP:DOGE ) is trading at $0.1247, up nearly 7% in the last 24 hours. This surge comes despite broader selloffs in the crypto market, showing Dogecoin’s resilience. Volume has also spiked by over 50%, indicating renewed interest and momentum for the meme coin. Investors have flocked to CRYPTOCAP:DOGE , speculating that Musk’s close ties to the Trump campaign and potential government positions could help propel the coin higher. Rumors of Dogecoin reaching $1 have started circulating again as Musk’s political moves boost both optimism and price action. Technical Outlook From a technical perspective, Dogecoin ( CRYPTOCAP:DOGE ) is currently riding a wave of bullish momentum. The coin is trading above key moving averages, such as the 50-day and 100-day moving averages, which is a strong bullish indicator. CRYPTOCAP:DOGE has been in a prolonged falling wedge pattern, a classic bullish reversal setup. The Relative Strength Index (RSI) currently sits at 67, just below the overbought territory. This indicates that while CRYPTOCAP:DOGE still has room to grow, traders should be cautious of a potential short-term correction if the RSI crosses into the overbought range. Immediate resistance is set at the $0.15 pivot point. If CRYPTOCAP:DOGE breaks through this level, it could move into a more aggressive bullish phase, potentially pushing toward the much-anticipated $1 mark. However, failure to break this resistance could see the coin retrace to its support level around $0.12. Below this, CRYPTOCAP:DOGE could revisit its one-month low of $0.10. Is CRYPTOCAP:DOGE Primed for Growth? Dogecoin’s fundamental outlook has always been heavily tied to Elon Musk’s influence, and this latest move adds more fuel to the fire. Musk’s advocacy for the cryptocurrency and his high-profile donation to Trump’s campaign have bolstered confidence in the coin. Musk’s public appearances and ongoing support for Dogecoin ( CRYPTOCAP:DOGE ) have previously sparked massive price surges, as seen when CRYPTOCAP:DOGE rallied to $0.74 in 2021. With the upcoming U.S. election and Musk’s increased visibility, the possibility of a similar rally is not out of the question. Additionally, Musk’s involvement in the proposed "Department of Government Efficiency" ( CRYPTOCAP:DOGE ) under a Trump administration could provide CRYPTOCAP:DOGE with newfound utility, further elevating its value. This initiative could serve as a bridge between traditional governance and decentralized financial solutions, potentially opening doors for CRYPTOCAP:DOGE in the policy arena. What’s Next for Dogecoin? As the U.S. presidential election draws closer, CRYPTOCAP:DOGE may continue to see heightened volatility, driven largely by political developments and Musk’s involvement. If the momentum continues and Dogecoin breaks through key resistance levels, the $1 milestone could become a reality. For now, the immediate focus is on whether CRYPTOCAP:DOGE can maintain its bullish momentum as it approaches the $0.15 resistance. Investors are keeping a close eye on both the crypto market and the broader political landscape, which will likely have a profound impact on the meme coin’s future. Conclusion Elon Musk’s $75 million donation to Trump has not only amplified the political discourse but also reignited excitement for Dogecoin ( CRYPTOCAP:DOGE ). While CRYPTOCAP:DOGE has already seen impressive gains, much hinges on the upcoming election and whether Musk’s influence can continue driving the meme coin higher. Both technically and fundamentally, CRYPTOCAP:DOGE is positioned for potential growth, but as with any asset, caution and careful monitoring of market conditions are key. Could CRYPTOCAP:DOGE hit $1? Only time will tell, but with Musk’s backing, nothing seems impossible.
Long
by DEXWireNews