The Dogecoin weekly chart is back at a cluster of technical levels that one market watcher says offers a favorable entry. The pseudonymous trader Cantonese Cat (@cantonmeow) posted a TradingView snapshot and wrote, “I bought a little bit more DOGE and Fartcoin last night, but you pretty much knew that. I think it’s great risk-reward here and that I’ll do what I can to buy anyway.”

In a follow-up note attached to the same chart, the analyst summarized the setup as a “DOGE Bull market support band back-test. Diagonal bear market trendline breakout and back-test.”

Best Dogecoin Buy Signal?

The chart, created August 3,, tracks DOGE/USD (Coinbase) on the weekly timeframe and shows price pulling into the Bull Market Support Band—an envelope indicator plotted as two lines—now marked around $0.19025–$0.20703. At the time of the screenshot, the weekly candle displayed O: $0.24076, H: $0.24860, L: $0.18855, C: $0.19945, reflecting a drop of roughly 17.15% on the week with hours left in the session. The drawdown follows a sharp two-week advance that pushed Dogecoin into the upper $0.20s before sellers faded the move.

Technically, the image highlights two elements beyond the support band. First is a descending trendline drawn across lower weekly highs, which price moved above on July 16 and is now testing from the topside. Second is the confluence between that trendline and the bull market support band, a zone that trend followers often watch to judge whether a breakout is holding or failing.

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The analyst’s post frames the current retreat as a “back-test” of both features rather than a breakdown, implying that demand near the band could keep bulls in control if the level continues to act as support.

While the post is explicitly bullish, the evidence presented is descriptive rather than predictive. However, the weekly candle has closed above the crucial area. So, the configuration is clear: after piercing a long-running diagonal barrier, DOGE is revisiting the $0.19–$0.21 area, where the support band is aligned with the former downtrend line.

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Traders who subscribe to momentum-and-trend methodologies often evaluate such retests for confirmation—looking for stabilization, shrinking downside momentum, or a swift recovery back above the midline of the band.

Cantonese Cat’s message distills that view into a simple risk stance. By stating “I think it’s great risk-reward here,” the commentator is signaling that, in his opinion, the nearby technical levels define risk tightly relative to potential upside should the breakout sustain.

As always, that is one analyst’s interpretation of the chart at a specific moment in time; Dogecoin remains volatile, and this week will be pivotal for bulls attempting to confirm the momentum, but the risk-reward ratio seems quite good.

At press time, DOGE traded at $0.199.

Featured image created with DALL.E, chart from TradingView.com

May 5th Chart Decoder Series: MACD – Momentum Signals to Find Early Entry

Welcome to Chart decoder seriesA step-by-step guide to mastering technical indicators and chart patterns like a professional.

In my previous post, I covered two important tools for understanding trend direction: SMA and EMA. So let’s talk about momentum. Specifically, the method Spot momentum shifts before it appears in the price.

input: MACD (Version of Moving Average Convergence).

What is MACD?

MACD represents the divergence of moving average convergence. Simply put, MACD is a momentum indicator. It shows whether the market is steaming in direction or losing its strength. In other words, “Is the market trying to move?”

Moving averages help you to see where The market is moving forward, MACD tells you how strong the movement is. It is one of the fastest ways to find early signs of a trend shift before prices react completely.

It is made up of three parts.

1. MACD Line (Blue)

Think of this with you Momentum Tracker.

It responds when the direction of the market is beginning to change, indicating whether it is gaining energy or slowing down.

2. Signal line (orange)

This line closely follows the MACD line.

• When the blue line crosses the orange line, it often means that the momentum is moving up (buy the signal)
• A blue line crosses below may mean that momentum is falling apart (sales signal)

3. Histogram bar (red or green bar)

These bars show The distance between the blue and orange lines.

Here’s how to read these:

• Growing bar = more momentum
• Reduced = momentum slows
• Green bar = bullish energy (buyer is active)
• Red bar = Bear pressure (seller is active)

Why use MACD?

MACD is ideal for identifying potential entry points and exit points. That tells you:

• When momentum is picked up
• If the trend is reversed
• When I sit tight and wait

Examples of behavior:

MACD indicator (lower panel)

• MACD Line (Blue): 326
• Signal line (orange): –279
• MACD lines crossed above signal lines: bullish crossover
• Histogram bar is green and growing: momentum is building
• This crossover occurred under the zero line: early signs of trend reversal

Moving Average (Main Chart)

• 20 Days EMA (Blue Line): ~84,067
• 50 Days MA (green line): ~84,170
• Current BTC price: 87,269. BTC price is On top of that Both averages, buyers are controlled and the trend is likely to continue.

Pro tips:
Combine MACD with EMA or SMA for strong confirmation
Use MACD crossover near major support/resistance for higher accuracy
Avoid relying solely on MACD in the landscape market – it can cause false signals

Try it now with Bitfinex:

• Log in to Bitfinex
• Select a trading pair (e.g. BTC/USD)
• From the (Indicator) tab, add “Macd”

Please note:

Bulling signal: MACD line crossing On top of that Signal line
Bearish signal: MACD line crossing Below Signal line
Growth of histogram bars: Trends are gaining momentum
Reducing histogram bar: Trends are slowing down

This practice builds intuition over time, allowing you to act with confidence rather than confusion.

MACD is a favorite among traders for reasons. It provides early insight into changes in momentum before price actions become clear.

MACD vs SMA/EMA: What is the actual difference?

It will be next in the chart decoder series. RSI – How to know when the market knows when it’s an acquisition or overselling.

]]> https://earlybirdsinvest.com/chart-decoder-series-macd-momentum-signals-to-find-early-entry/feed/ 0 42254 https://earlybirdsinvest.com/bitcoin-whale-entry-prices-diverge-sharply-confidence-builds-at-higher-levels/ https://earlybirdsinvest.com/bitcoin-whale-entry-prices-diverge-sharply-confidence-builds-at-higher-levels/#respond Sat, 10 May 2025 01:30:12 +0000 https://earlybirdsinvest.com/bitcoin-whale-entry-prices-diverge-sharply-confidence-builds-at-higher-levels/

Bitcoin has surged to $104,300, confirming the uptrend and reinforcing the bullish outlook that many analysts projected for 2025. This move places BTC deep into range-highs territory, with the next major challenge now clearly in sight: the all-time high at $109,000. The market’s strength comes on the back of strong technical performance and increasingly optimistic sentiment, as BTC continues to lead the crypto rally and altcoins follow suit.

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On-chain data from CryptoQuant adds further weight to the bullish narrative. One standout metric highlights the growing confidence among large holders: the absolute difference between the Realized Price of new whales and old whales now stands at $59.7K. Specifically, new whales have entered the market at an average price of $91.9K, while old whales’ basis remains at $32.2K. This translates to a 185% relative spread to the long-term holder (LTH) basis—a massive divergence.

This wide gap signals that a new wave of high-conviction buyers is entering the market at significantly elevated prices. Unlike the cautious whale accumulation during previous cycle lows, this phase reflects strong belief in continued upside, even at premium levels. It’s a clear sign that institutional FOMO may be kicking in.

Bitcoin Faces Resistance At $104K As Whale Activity Signals Growing FOMO

Bitcoin is currently encountering resistance around the $104,000 mark—a level that may take time to break as it represents a critical barrier before entering price discovery above the all-time high near $109,000. The recent rally has shown remarkable strength, but as BTC consolidates just below its ATH, some selling pressure is expected.  A successful breakout could lead to a swift surge beyond $109K; however, failure to do so may result in short-term consolidation or retracement.

Top analyst Axel Adler shared key on-chain insights on X that highlight the evolving psychology of Bitcoin’s largest holders. According to Adler, the absolute difference between the Realized Price of new whales ($91.9K) and old whales ($32.2K) is $59.7K, representing a 185% relative spread to the long-term holder (LTH) basis. This sharp divergence reveals that new “whales” are entering the market at nearly three times the price of early entrants.

In comparison, the same spread in November 2022 was only 62%, indicating more cautious accumulation near the market bottom. The current surge to 185% reflects rising confidence and FOMO, with large buyers willing to accumulate even at elevated prices. For context, during the 2021 cycle peak at $63K, the spread widened to 437%.

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This trend suggests that the market is entering a more aggressive accumulation phase, where belief in higher prices is driving demand despite the premium. If bulls manage to absorb the resistance around $104K, it could mark the start of a parabolic move—fueled not just by momentum, but by conviction from both retail and institutional players betting on a new Bitcoin all-time high.

BTC Price Analysis: Key Levels To Watch

Bitcoin is trading around $103,000 after reaching a high of $104,300 earlier today. The 4-hour chart shows BTC facing resistance at the $103,600 level, which aligns with a key supply zone from late December 2024 and early January 2025. This area acted as a previous rejection point during the last major rally and is now being tested again as potential resistance.

BTC’s recent surge from the $87K–$90K consolidation zone has been aggressive, breaking above both the 200 EMA and 200 SMA (currently at $91,806 and $89,400, respectively) with strong volume. This confirms bullish strength and trend continuation, suggesting that buyers are still in control. However, the current range between $103K and $104K is historically significant, and bulls may need to absorb selling pressure before attempting a move toward the all-time high near $109K.

Related Reading

If BTC consolidates above $100K and holds this level as new support, it would strengthen the case for continued upside. On the flip side, failure to break above $103,600 cleanly could lead to a short-term pullback. Market structure remains bullish overall, but this resistance zone will be critical in determining whether Bitcoin enters price discovery or pauses for accumulation.

Featured image from Dall-E, chart from TradingView

Crypto veteran Arthur Hayes says he looks for two main features when considering what digital asset protocols to invest in.

The BitMEX founder notes in a new interview with The Rollup that he specifically looks for protocols that have a track record of users spending their own money for the project’s services.

“They’re not spending token emissions, they’re spending their own stables or other crypto to use as a product or service.” 

In terms of a good example of that, Hayes cites Hyperliquid (HYPE), a layer-1 protocol with a decentralized exchange (DEX) that has witnessed significant user and volume growth in its less than two years of existence.

The crypto veteran also says he looks for protocols that provide ways to enrich their token holders.

“I want to see how I’m getting paid. Is it a token buyback, is it an emission, what’s the scheme? There are all different flavors depending on how you want to incentivize behavior, but at the end of the day, I buy a token, I want some sort of APY, and then I can take that APY and run some sort of financial analysis.” 

He criticizes the decentralized exchange (DEX) Uniswap (UNI), which he says is an expertly created protocol that doesn’t do anything to reward its users.

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Generated Image: Midjourney

A closely followed crypto strategist believes that one Ethereum (ETH) competitor may have reached a local bottom amid a broad market sell-off.

Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana (SOL) may be presenting a rare buying opportunity after hitting the 24-hour low of $112.

“SOL: feels like a generational entry.”

Looking at his chart, the trader suggests SOL is printing a similar pattern from 2021, when SOL dipped more than 60% from its local top before putting up massive gains.

SOL is trading for $116 at time of writing, down 1.8% in the last 24 hours.

Next up, the analyst suggests that Bitcoin (BTC) is on the verge of breaking out and may reclaim the $100,000 level as support by next month.

“Maybe this dream [will] come true, just maybe.”

Bitcoin is trading for $82,719 at time of writing, flat on the day.

The analyst is also turning bullish on FLOKI (FLOKI) as the memecoin bounces off of lows not seen since more than a year ago.

“Floki at pre-bull market levels is crazy. Added some spot here, see you in a few months.”

FLOKI is trading for $0.00005453 at time of writing, down 1.8% in the last 24 hours.

Lastly, the analyst says that ETH may be on the verge of a bullish reversal based on historical precedence.

“Expansions lead to retraces. Retraces lead to bounces. Bounce soon.”

ETH is trading for $1,810 at time of writing, flat on the day.

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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

The blockchain-based space game Star Atlas is set to introduce a fleet rental system, allowing players to lease ships instead of purchasing them outright starting on March 5.

This update is intended to lower financial barriers for new players by providing an alternative to ship ownership, which previously required buying NFT-based spacecraft. With this change, players can now rent vessels to participate in mining, trading, and other in-game activities.

Those without ships can now access core gameplay elements without making a significant upfront investment, whilst ship owners have the option to generate in-game earnings by leasing out unused assets.

What is Star Atlas?

Star Atlas is a blockchain-based multiplayer game set in a futuristic space environment that combines elements of space exploration, economic management, and strategy, with an emphasis on a player-driven economy. Ships, equipment, and other in-game assets exist as NFTs, meaning they can be bought, sold, or traded on blockchain marketplaces.

Players in Star Atlas take on various roles, such as explorers, traders, or miners, participating in an open economy where resources are extracted, transported, and exchanged.

Previously, access to gameplay required purchasing at least one spaceship, often at a high cost. The upcoming introduction of the rental system changes this requirement by offering a lower-cost alternative to direct ownership.

How does the Fleet Rental work?

The new fleet rental system allows players to lease ships from others for a set period. Transactions are handled through blockchain-based smart contracts, which automatically enforce rental terms and return ships to their owners when the agreement ends.

Renters can choose from various ships suited to different in-game activities:

• Mining: Extracting resources such as Hydrogen and minerals which can be sold for profit.
• Trading and Transport: Moving goods between locations and profiting from market fluctuations.
• Logistics and Crafting: Transporting crew members and materials for manufacturing and other economic activities.

Ship owners who are not actively using their assets can list them for rent at a chosen price. The system ensures that ships remain under the owner’s control, preventing renters from reselling or permanently altering them.

The rental system is expected to change how players engage with Star Atlas, making it more accessible whilst offering new opportunities for asset utilisation. Future game updates, including combat mechanics, may further shape the role of fleet rentals within the game’s economy.