Bitcoin’s price has spent the past week hovering within a tight band and bouncing between $108,000 and $112,000 without any clear direction yet. There have been multiple rejections at the $112,000 price level and technical analysis shows pressure around the 200-day moving averages on the four-hour chart. 

Notably, a technical analysis shared by crypto analyst Daan Crypto shows Bitcoin is at risk of a breakdown below $100,000, but bulls still have a chance to stage a recovery rally in the weeks ahead.

Analyst Warns About Sweep Of Monthly Lows

In his latest post on the social media platform X, Daan Crypto Trades noted that Bitcoin is currently indecisive, and its price action is leaning toward a sweep of the monthly lows. This movement is based on the 4-hour candlestick timeframe chart, which shows the Bitcoin price was recently rejected at the 200MA/EMA last week. 

Related Reading

The 4-hour candlestick chart below shows Bitcoin has been trading in a defined range since August 25, with equal lows forming a weak base around $107,000 and liquidity sitting just beneath. This makes a stop-hunt sweep a possible next step.

Such a move, the analyst explained, would likely open up a bearish case of panic across the market, which might eventually cause fears of Bitcoin collapsing under the $100,000 price level. 

However, the analyst also identified the $103,000 to $105,000 price zone as the support level where buyers can step in. This area, according to him, would also be a logical entry point for swing long positions if the Bitcoin price indeed breaks down below $107,000.

Conditions For A Bullish Recovery

According to the analysis, Bitcoin bulls have a chance to prevent any breakdown below $100,000 by holding above $105,000 to $103,000. Despite laying out a bearish base case, Daan also described a roadmap for the bulls. 

Related Reading

The first condition would be strength above $115,000, which would mark a break of August’s range low, which has turned into resistance in the first week of August. A break and close above $115,000 would invalidate any short-term bearish momentum. 

Alternatively, he pointed to a quick liquidity grab below the monthly lows at $107,000, followed by a reclaim of the $107,000 and $112,000 levels, as the most bullish scenario. According to the analyst, this second setup could pave the way for a sustained one-to-two-month uptrend rally through October and November. 

For now, the analyst said he is on the sidelines except for short-term scalps. At the time of writing, Bitcoin is trading at $111,733, up 0.7% in the past 24 hours.

Featured image from Pixabay, chart from Tradingview.com

We’ve been keeping an eye out for Labor Day smartwatch deals, but they’ve been slim pickings this weekend. Only one deal we’ve spotted is truly intriguing: The Galaxy Watch 6 Classic 47mm LTE is $192.99 ($287 off) on Best Buy, as the site puts all of its Classic models on clearance.

We don’t know how many Watch 6 Classics are left, but this may be your last chance at a new model, rather than a refurbished one. We also spotted the same 60% off deal at Amazon, though most other sizes come from third-party resellers.

The Galaxy Watch 8 Classic is a respectable smartwatch with fast performance and the rotating bezel that long-time Samsung fans love. But its hard-edged, bulkier design has polarized these same fans, who felt that the old Galaxy Watch 6 Classic design lives up to that old-timey aesthetic much better.

So rather than spend $499 on the new model (or $549 with cellular), you can spend less than half that on the Watch 6 Classic LTE, which is still due to receive three more major version updates through the end of 2027.

Recommended if: You have a Galaxy Watch 4 Classic or Watch 5 and want a more traditional design than the newer 8 Classic; you care more about style than getting the newest features; or you hate other Galaxy Watches’ touch bezel controls.

Skip this deal if: You care more about a lighter design than a rotating bezel, and would prefer the Galaxy Watch 7 for $199 to get slightly newer hardware and sensors.

You can look elsewhere for the Galaxy Watch 6 Classic, but it’s either refurbished or sold from third-party Amazon sellers that may or may not have truly “new” models. That’s why this is your last chance to grab a Classic with some semblance of quality assurance before it’s off the market for good.

You can see in the photo above how the Watch 8 Classic and 6 Classic compare; the older model has a more subtle look, but it’s about the same weight and thickness. It has a slightly older Exynos processor, but the same amount of RAM for similar performance, making it capable of running Gemini commands swiftly.

While this model doesn’t have the new health sensors for niche data like your antioxidant index or vascular load, you’re still getting the core Galaxy Watch experience.

Also keep in mind that Samsung always offers enhanced trade-in credit for its old watches. So if the Galaxy Watch 9 series looks more tempting a year from now, this Watch 6 Classic deal will end up being a down payment when you trade it in for something better!

Shiba Inu is displaying early indications of resilience in the face of recent bearish pressure, which could stop it from falling further and adding a zero to its price. SHIB has landed close to the $0.00001200 level, a crucial support area that aligns with multiple short-term technical zones and historical horizontal support following a pullback from the $0.00001500 region.

The most noteworthy finding is that SHIB has started to bounce from the zone of $0.00001200, possibly forming a local bottom. Wicks reject further declines, indicating a stabilization pattern in the price action. Additionally, the RSI is rebounding from the oversold threshold, which is hovering around 39 and traditionally indicates that selling momentum has run its course.

You Might Also Like

Technically, the 100 and 200 EMAs are in the vicinity of $0.00001330 and $0.00001430, respectively. These are significant resistance zones, but they could also be target areas if the bounce stabilizes. Breaking back above the 50 EMA ($0.00001315), which would indicate a return of bullish control, is currently necessary for a short-term recovery.

Since the volume is neutral, there isn’t a panic sell-off going on. Although there has been a recent decline in long-term large transaction volume, which indicates weak whale activity, the price structure itself is still intact within a larger consolidation pattern. All things considered, Shiba Inu is still far from its speculative peak, but it would be premature to add another zero to its price at this time.

Momentum to return to mid-July levels around $0.00001500 could be generated by a brief recovery from current levels. One step at a time, bulls must retake the EMAs in order for that to occur.

Bitcoin not giving up

The recent decline in Bitcoin from its local peak of $123,000 has brought it to an inflection point, which is the $112,000 mark. This zone is important not only because of previous price action but also because it intersects with the 50-day exponential moving average (EMA), which has historically been a dynamic support in bullish trends even though the price is currently bouncing off this level.

Following a clear breakout from the June consolidation zone of $105,000-$107,000, Bitcoin surged to a new local high of $123,000. With decreasing volume suggesting waning momentum, the subsequent correction was anticipated. But since the RSI is still above 44, it appears that Bitcoin is still holding steady in the neutral to bullish range and has not yet entered oversold territory.

Given its multifaceted significance, $112,000 is crucial. BTC had been consolidating below it for almost a month, and it is not only the 50 EMA level but also the neckline of the most recent breakout pattern. As a result, traders are naturally looking for a breakdown or a strong bounce at this point. The 50 EMA is holding the price steady thus far. If it broke below, it would probably allow for a reexamination of the 100 EMA at $107,800 or even the 200 EMA, which is slightly above $100,000. But the bullish structure is still in place as long as Bitcoin has $112,000 in it.

The line that divides a deeper correction from a short-term bullish continuation is in essence $112,000, it is more than just a number. Maintaining this level could strengthen a push toward the $120,000+ range. Losing it could cause Bitcoin to enter a longer cooldown period. Both traders and investors ought to keep a close eye on it.

Ethereum’s movement capacity

The recent decline in Ethereum may not be as dire as it appears. The 26-day exponential moving average (EMA) is a structurally sound level that ETH is currently sitting on after undergoing a healthy correction rather than a collapse after hitting above $3,800. In the past, this level has served as a turning point for continuation trends, and ETH’s capacity to maintain it points to a potential starting point for recovering $4,000.

With its current price of $3,430, ETH is beginning to show indications of slowing its downward momentum. The decline has been adequately cushioned by the green 26 EMA line, and the fact that the market has recovered from that precise area today supports the notion that this could be the local bottom for this correction. Now that the RSI has cooled off from overbought levels, it is in a balanced range around 53, which gives bulls more leeway to push the price higher without going overboard right away.

You Might Also Like

Volume indicates that the selling pressure is not increasing. Buyers seem to have stepped in in response to the decline, which is encouraging. A multi-layered safety net in the $2,700-$3,000 range is created below ETH by a group of powerful support zones, which include the 50 EMA ($2,992), 100 EMA ($2,900) and 200 EMA ($2,704).

The $3,950-$4,000 range, which corresponds with earlier local highs from the current rally, is the next reasonable target if ETH can overcome the $3,600 resistance that signals the beginning of the most recent drawdown. The structure is still bullish since market sentiment is largely unchanged and ETH is still significantly above its mid-term trend supports. In summary, Ethereum is still on track to reach $4,000, and the first significant step in confirming that upward trajectory is to hold the 26 EMA.

Prediction market data shows traders are wagering millions on the price of Bitcoin reaching levels above $120,000 in 2025.

On the decentralized platform Polymarket, a market asking what price Bitcoin will hit in 2025, has attracted over $15.5 million in volume. Traders assign a 75% probability that the asset will exceed $120,000 by the end of the year.

The data provides a quantifiable look at market conviction, translating sentiment into financially backed probabilities.

The platform indicates a 55% chance of Bitcoin surpassing $130,000 and a 33% chance of it breaking the $150,000 mark. More ambitious targets, such as $200,000, are given a 13% probability.

A separate market focused on the immediate term is more conservative; with over $3.5 million in volume, it assigns a 58% probability for Bitcoin to be above $115,000 by August 1, 2025, but only a 30% chance of it crossing $120,000 in the same period.

This activity is set against a backdrop of significant evolution for Polymarket itself. According to data from Dune Analytics, the platform’s user base and volume expanded during the 2024 U.S. election, driving monthly volume to a peak of $2.6 billion in November 2024.

In the months following the election, a new baseline of activity was established. Last month’s trading volume stood at $1.16 billion, a figure over nine times higher than the volume recorded in June last year.

The number of active traders, at 241,000 last month, was similarly more than seven times higher than the previous year. This suggests the platform retained a portion of the audience it acquired during the high-profile political event.

The composition of platform activity appears to be shifting. Since a peak of 455,000 active traders in January 2025, the number of participants has declined by 47%.

In contrast, platform volume has rebounded, growing 30% from April to June 2025. This divergence may point to a consolidation of activity among a smaller group of more heavily capitalized or higher-conviction traders.

The average volume per trader has recovered from a low of approximately $2,000 in February 2025 to around $4,800 in June 2025, which supports the idea that existing users are trading in larger sizes. Recent reports note the platform’s growth and its recent partnership with X, which Polymarket founder Shayne Coplan framed as the union of “the two top truth-seeking apps.”

While prediction markets offer a novel form of sentiment analysis, their forecasts reflect current, crowd-sourced beliefs and not certain outcomes.

The user base may not represent the broader financial world, and all markets carry inherent risks, including the potential for manipulation by actors with large amounts of capital. However, Polymarket outperformed almost all traditional polling methods during the U.S. 2025 election. Still, the regulatory environment for prediction markets also remains complex in various jurisdictions, such as the U.S. itself, even amid its latest $1 billion valuation.

Nonetheless, the substantial volume and clear directional probability on display provide a distinct, data-driven perspective on where active traders expect Bitcoin’s price to trend as of its press time price of $109,093.

Mentioned in this article

Leading analysts at Bloomberg ETF, Eric Bartunas and James Seyfert believe that the approved U.S. Securities and Exchange Commission (SEC) odds for the Spot Exchange Commission (ETF) for Solana, Litecoin and XRP have skyrocketed to an unprecedented 95% in 2025.

Could this be a transformational moment for altcoins and open a flood for institutional and retail investors seeking regulated exposure beyond Big 2 Bitcoin and Ethereum?

On June 30, 2025, Seyffart took him to X and said the duo was hoping for a “new wave of ETFs in the second half of 2025.”

The first US Solana Staking ETF will be released tomorrow, June 2, 2025. In particular, decisions for over 70 Crypto ETFs remained behind.

With the exception of CFTC-approved futures, we are trying to figure out what can enter the SEC framework, except we have looked into some potential data points. In this link for Bloomberg Terminal Client you can see the whole note and our midlife outlook: https://t.co/7c0bo3oei3 pic.twitter.com/y9cccdnagf

– James Seyfert (@jseyff) June 30, 2025

Explore: Top Solanamime Coins to buy in July 2025

“The SEC is preparing for a wave of new crypto ETFs,” a Bloomberg analyst said.

Balchunas and Seyffart’s optimism is rooted in changing regulatory attitudes and increasing market maturity. A June 1, 2025 analysis shared by X suggests that the SEC is preparing for a “new wave of cryptographic ETFs” in the second half of 2025.

On July 1, 2025, Balchunas went to X and said “.”Tuttle (Capital Management) submitted an amendment on July 16th to change the effective date of a doubled bundle of Crypto/Meme ETFs. It doesn’t mean they will start up, but usually effective dates are the same as when the ETF is started up. $ ssk Go to MKT and you’ll see others pushing. We see THO. ”

Tuttle has submitted an amendment that will change the effective date for the double Crypto/Meme ETF bundle to July 16th. It doesn’t mean they will start up, but usually effective dates are the same as when the ETF is started up. $ ssk Go to MKT and you’ll see others pushing. We meet tho. pic.twitter.com/ioskgid6gg

– Eric Balchunas (@ericbalchunas) July 1, 2025

Furthermore, he turned his attention to the related multi-layered controversy, he said, “Rex Solana ETF $ ssk (the launch of TMRW) sparked the Polymerk controversy. In the comments, the comments are angry. Polymarket had to weigh it and say it was important. ”

Rex Solana ETF $ ssk (the launch of TMRW) sparked the Polymerk controversy. In the comments, the comments are angry. Polymarket had to weigh it and say it was important. pic.twitter.com/cfrsf52fjz

– Eric Balchunas (@ericbalchunas) July 1, 2025

Explore: 9+ Best High Risk, High Release Crypto Buy in July 2025

Crypto ETF attracts net inflows of $3.69 billion

Investors poured a whopping $3.69 billion in net inflow into crypto ETFs. Importantly, this marks the first month of positive net inflows in 2025.

Additionally, cumulative net inflows for 2025 reached $5.99 billion by the end of April, marking the second highest record. The figure follows a record $42.333 billion, more than the 2024 record $2.69 billion.

There are 304 cryptographic ETPs with a global list of 756. Interestingly, April alone has introduced 23 new digital assets ETPs.

Global assets (AUM) under the control of Crypto ETFS were $1462.7 billion at the end of April. This was the fourth highest level ever. This is just below the SE’s all-time high of $1709.4 billion in January 2025.

Despite the new capital inflow, Crypto ETF AUM fell 3.8% from $1521 billion at the end of December 2024.

Explore: Top 20 Cryptos to Buy in July 2025

Why you can trust 99 Bitcoin?

Over 10 years

Founded in 2013, 99 Bitcoin team members have been experts in crypto since the early days of Bitcoin.

90 hours+

Weekly research

100k+

Monthly Readers

50+

Expert Contributors

2000+

Crypto project reviewed

Follow 99 Bitcoin on Google News Feed

Provide the latest updates, trends and insights directly to your fingertips. Subscribe now!

Subscribe now

A widely followed analyst and trader who accurately predicted the Bitcoin (BTC) bottom in 2018 is highlighting one crypto asset that could go up by triple-digit percentage points.

The trader pseudonymously known as Bluntz tells his 321,100 followers on the social media platform X that dogwifhat (WIF), a memecoin built in the Solana (SOL) ecosystem, could go up by about 472% to reclaim and surpass the all-time high recorded in March of 2024.

“Still a lot of work to put in and need to see price action confirm, but I think there’s a very real chance a new impulse back to all-time high on WIF has commenced.”

According to the analyst who regularly applies the Elliott Wave theory in his technical analysis, WIF started a bullish uptrend earlier this month in a five-wave pattern. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. Based on Bluntz’s chart on the three-day time frame, WIF bottomed out earlier this year.

Over the short term, the pseudonymous analyst says WIF could undergo a correction before rallying. Based on the widely followed analyst’s chart of the one-hour time frame, WIF could pull back by around 10% from the current level.

“Very obvious five-wave rise from the lows on hourly for WIF, would expect a bit of a pullback here before the next major leg up.”

WIF is trading at $0.845 at time of writing.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Altcoins are slipping further into decline as investors flock to Bitcoin amid escalating geopolitical tensions and a risk-off environment.

Data from CoinGlass shows the Altcoin Season Index has plunged to 12, its weakest level in nearly a year, reflecting a deepening lack of interest in non-Bitcoin cryptocurrencies.

The Altcoin Season Index tracks how non-Bitcoin assets perform relative to Bitcoin. A low score suggests that altcoins are underperforming significantly, reflecting a broader move toward safety in uncertain markets.

The trend has intensified over the past month, as tensions between Israel and Iran and fears of escalation involving the United States have pushed investors toward more resilient assets like Bitcoin.

Bitcoin dominance rises

Considering this, Shawn Young, Chief Analyst at MEXC Research, told CryptoSlate that the outlook for a traditional altcoin season remains unclear.

According to him, past cycles have often seen altcoins gain momentum in the latter stages of a bull run, but current market conditions suggest a different path. Institutional players are now setting the tone, and their preference for Bitcoin, seen as both a hedge and a liquidity anchor, continues to suppress the altcoin rebound.

He added:

“As long as volatility remains increased and macro risk lingers, capital rotation into altcoins may remain limited.”

This shift became evident over the weekend, when Ethereum fell to $2,130, its lowest since May, while Solana, XRP, and other prominent altcoins saw drops of over 7%. ETH has recovered to $2260 as of press time.

Although Bitcoin briefly dipped below $100,000, it quickly recovered to $101,000. As a result, its dominance over the total crypto market has surged past 65%, the highest since early 2021.

A different altseason

Meanwhile, Young pointed out that there is still potential for a new type of altseason centered on strong Layer-1 networks like Ethereum, Solana, and XRP.

According to him, these platforms underpin vital infrastructure such as real-world asset tokenization, DePIN protocols, and stablecoin issuance, which are areas that are gaining traction among institutional investors.

He noted that interest in these high-upside altcoins could return if Bitcoin stabilizes above $100,000 and macro risks ease. In addition, launching spot ETFs for these L1s may also serve as a future catalyst that could renew interest in the digital assets.

Mentioned in this article

Litecoin (LTC), XRP and Solana (SOL) exchange-traded fund (ETF) applications all have overwhelming odds of approval this year, according to Bloomberg ETF analysts.

James Seyffart and Eric Balchunas now say on the social media platform X that those three altcoins have a 95% chance of securing ETFs in 2025.

They also give potential Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT), Hedera (HBAR) and Avalanche (AVAX) ETFs a 90% chance of approval.

A Sui (SUI) ETF application from the crypto asset manager Canary Capital has slightly lower odds, at 60%, and a Canary Tron (TRX) bid doesn’t have any chance in 2025, according to the analysts.

Seyffart also notes that Ethereum (ETH) staking ETFs are also “extremely likely” to be approved in 2025.

Numerous other ETF applications have been filed for potential funds based on Axelar (AXL), BNB, Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA) and Bonk (BONK).

Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (BTC) and/or Ethereum, assets that have already been approved for inclusion in other spot ETFs.

The SEC greenlit the first spot market Bitcoin ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ETFs for trading last July.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In the latest financial disclosure form filed by Donald Trump, he has reported assets worth more than $1.6B.

Interestingly, crypto ventures alone earned the US president over $57.3M – his second-highest source of income in 2024. Only income from his hospitality businesses (at $418M) totaled more than his crypto earnings.

Keep reading to learn more about Trump’s crypto participation, how digital assets are becoming a cornerstone of his post-independence business empire, and what the top altcoins you can buy are to potentially mimic his success.

Trump’s WLF Success

A large part of Trump’s crypto income came from selling World Liberty Financial (WLF) tokens and the $TRUMP meme coin launched in January.

As per the filing, Trump holds 15.75B $WLFI tokens and took home $57.3M in profits in 2024.

Meanwhile, the $TRUMP token, which currently has a market cap of $1.94B, is the third biggest meme coin in the world.

Trump Media Files for Bitcoin and Ethereum ETF

In partnership with Yorkville America Digital, Trump Media and Technology Group has filed an application with the SEC to seek approval for a new Truth Social Bitcoin and Ethereum ETF. The ETF will mimic $BTC and $ETH in a 3:1 ratio.

Once approved, the ETF will be listed on NYSE Arca. Also, note that this joint venture had earlier filed an application for a Bitcoin ETF in early June.

It’s no secret that Trump has leveraged his position as president to advocate for pro-crypto regulations, making handsome profits for himself in the process.

While this might be an ethical dilemma for some folks, we cannot ignore the fact that it’s supremely positive for the broader crypto market.

Bitcoin is soaring to new highs, meme coins are thriving, and institutional adoption is accelerating, with millions and billions being poured into ETFs and other blockchain projects.

Make the most of this by including high-potential tokens in your portfolio, such as the following.

1. Snorter Token ($SNORT) – Best Altcoin to Buy Right Now

If you want to maximize crypto’s potential, how about a utility-based token that could both pump heavily upon listing and allow you to profitably trade the best meme coins?

$SNORT is the token behind Snorter Bot, a Telegram-native trading tool allowing you to automatically purchase meme coins once they’re listed on exchanges.

This will offer a level playing field against whales and institutional players, who eat up all the available liquidity, leaving nothing for the average Joe.

Additionally, compared to competitors like Banana Gun and Bonk Bot, which charge a minimum of 1% as trading fees, $SNORT owners will only have to pay 0.85%.

And suppose you want to truly set your meme coin trading endeavor on autopilot. In that case, you can use Snorter’s copy-trading feature to mimic successful traders without leaving the Telegram chat.

One $SNORT is available for just $0.0953 right now, with the project having amassed a chunky $1M in early investor funding already. Here’s how to buy it.

2. BTC Bull Token ($BTCBULL) – Bitcoin-Inspired Meme Coin Offering Free $BTC

BTC Bull Token ($BTCBULL) offers investors a once-in-a-lifetime opportunity to ride Bitcoin’s coattails and walk away with possibly better returns than $BTC itself.

This new crypto is the only one going around right now that offers free (and completely real) $BTC as part of its airdrops.

All you have to do is ensure you hold your $BTCBULL tokens in Best Wallet and participate in the project’s airdrop events on social media.

Currently, two $BTC airdrops are scheduled: one when Bitcoin reaches $150K and another when it crosses $200K for the first time.

Additionally, the developers will also burn a part of the total token supply every time Bitcoin’s price climbs by $50K.

This will shrink supply, boosting the token’s demand and price, especially during a Bitcoin bull run, when investors flock to buy $BTCBULL.

Luckily for you, though, you can buy it now for just $0.00257 each. That’s because the project is currently in presale, with over $7.2M raised at the time of writing.

3. Tutorial ($TUT) – Viral Project Offering Crypto Education

Even though $TUT’s mind-blowing 12,000% gains over the past year might make you think it’s a super-viral meme coin with probably an amusing mascot, the reality is that it’s a token rooted in utility…and education.

As the name suggests, Tutorial is an educational tool (an AI-powered one at that) designed to educate people about the crypto world, especially the BNB chain ecosystem.

From setting up a crypto wallet and writing smart contracts to trading on the best decentralized exchanges (DEXs), the Tutorial covers everything, breaking sophisticated topics into easy-to-understand lessons.

After a stagnant few weeks, $TUT is among the top trending cryptos once again, currently trading at $0.03350.

It’s up nearly 10% over the past week, and we believe that it could climb up more, seeing as it should directly benefit from crypto’s increasing market penetration.

Bottom Line

Whether driven by ideology, opportunity, or influence, Trump’s growing crypto footprint – from backing projects like WLFI and $TRUMP to eyeing ETFs through Trump Media – gives retail investors like yourself a golden opportunity to join the tribe.

And we believe top altcoins like Snorter Token ($SNORT) and BTC Bull Token ($BTCBULL) offer the highest risk-to-reward possibility right now.

That said, kindly do your own research before investing. This article is purely informational, not financial advice.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Since the beginning of June, Dogecoin’s performance has been quite bearish as the largest dog-themed meme coin struggles to undergo a rally and recover the $0.20 price level. DOGE may be witnessing negative movements, but this period could be the calm before the storm, with several predictions about a major rally to uncharted territory emerging.

A Wild Ride For Dogecoin To A New High Ahead

While Dogecoin is struggling to gain upward traction, this waning period could be the foundation to something big in the near future. Javon Marks, a crypto analyst and trader, has delved into the current price action, revealing that DOGE will experience a massive spike in this bull market cycle.

The expert’s prediction is based on previous price trends that preceded a surge to a new all-time high and market top for the meme coin. After a period of prolonged consolidation within the 0 and 1 Fibonacci levels, DOGE appears to be exhibiting a similar trend, increasing its potential to undergo a major upward move this cycle to a new peak.

Considering the reappearance of the bullish price trend, Javon Marks is confident that a similar result may unfold this cycle. This setup implies that Dogecoin has a high likelihood of witnessing a notable run, with the analyst putting his target at the $2.28 level.

It is important to note that the $2.28 target is positioned at the 1.618 Fibonacci level, which DOGE has often met in each bull cycle. During the first bull cycle, the meme coin reached this point and surpassed it. The same was witnessed in the second bull cycle.

Given that Dogecoin has historically surpassed this level, it increases the chances of the trend repeating in this cycle. Thus, Javon Marks anticipates a continuation of the impending surge beyond the $2.28 milestone this bull cycle. 

Key Indicators Supporting DOGE’s Bullish Journey

With bullish on-chain signals, technical setups, and improving market dynamics, Dogecoin is likely to rebound soon and rally strongly. João Wedson, a verified author and on-chain analyst, has outlined key indicators that signal robust fundamentals for DOGE to push higher.

The first aspect to consider is the 500-day Aggregated Liquidation Level. During DOGE’s last major drop, this metric shows a huge amount of liquidity, valued at over $380 million, was caught in the $0.50 zone. “Historically, when shorts pile up, DOGE tends to accumulate and surge months later,” he added.

Wedson drew attention to the DOGE/BTC pair, which is now approaching critical support that is comparable to the setup before the 2021 rally, when Dogecoin attracted more interest than BTC. In addition, the Meme Index, which consists of the 16 biggest meme coins, exhibits early indications of recovery following a severe downturn.

Lastly, Wedson has highlighted the notable growth of the overall meme coin market cap this cycle over the 2021 cycle. Despite this rise in market cap, meme coins’ Open Interest and daily volume are valued at $3.2 billion and $12 billion, respectively, which remains low compared to Bitcoin and Ethereum.

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.