The higher-timeframe momentum gauges for Dogecoin are quietly resetting, and two widely followed chartists say the setup that preceded DOGE’s biggest advances is close to reappearing.

In a new monthly chart, Kevin (@Kev_Capital_TA) stacks three market cycles and highlights a repeating structure: long, descending consolidations that resolve into impulsive breakouts, followed by measured Fibonacci 1.618 extension targets penciled far above the range.

One Trigger Could Ignite Dogecoin’s Cycle Surge

The present cycle has already cleared its multi-month falling wedge on the 1-month chart and, critically, completed a clean throwback: price pushed through the descending trendline, retested it from above, and turned higher, converting former resistance into support. On Kevin’s canvas, DOGE trades in the ~$0.23 area on the monthly scale, sitting beneath layered horizontal supply bands but above the wedge ceiling that capped it through the consolidation.

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Momentum is the hinge of Kevin’s thesis. “Anytime we saw Monthly Stoch RSI crosses on #ogecoin outside of the bear market along with an uptrending Monthly RSI ultimately lead to massive rallies to the upside,” he writes. He adds that “the goal is to get the StochRSI to cross the 20 level and show follow through as anything below that level is a sign of weak momentum. Currently crossing to the upside and at the 13 level.”

His lower panel draws a rising diagonal on the 1-month RSI—explicitly labeled “Higher Lows on 1M RSI”—to underscore that longer-term momentum troughs have been stepping up even as price coiled inside the wedge.

Kevin also reiterates the inter-market backdrop he’s watching: “If BTC can move higher and not putter out on us and we ultimately get ETH into price discovery with a dropping BTC Dominance then like I have said before DOGE’s biggest move of the cycle is likely. Just need a little more time and for BTC and the macro to support the move. That’s the reality not engagement farming hopium.”

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With the structural breakout and retest in hand, the remaining confirmation on his checklist is mechanical—see the monthly StochRSI reclaim and hold above 20 while the monthly RSI preserves its pattern of higher lows.

On targets, Kevin has previously mapped an aggressive trio of Fibonacci extensions above the last cycle’s peak: 1.618 at $3.97, 1.65 at $4.33, and 1.703 at $5.00. In prior cycles on the same template, wedge resolutions were followed by vertical expansion toward comparable 1.618 objectives; these three levels now serve as forward waypoints should trend acceleration resume.

Ichimoku Cloud Analysis For DOGE

A complementary, mid-cycle lens from Cantonese Cat (@cantonmeow) uses 2-week candles with Ichimoku Cloud to track the transition. “It’s doing more or less what I thought it would do from 2 months ago,” he notes, “where it bounced off the cloud, reclaiming Tenkan (blue line) as support, and is trying to launch itself above the green Ichimoku cloud on the right.”

In Ichimoku terms, that sequence—cloud bounce, Tenkan regain, then an attempt to clear the top of the forward green cloud—aligns with a shift from corrective to trending conditions on the 2-week timeframe and dovetails with Kevin’s higher-timeframe momentum trigger.

Taken together, the two studies narrow the focus to a clear condition set. Tactically, the 2-week chart is pressing the cloud top after reclaiming the Tenkan as support. And cyclically, the 1-month StochRSI is curling up from ~13 toward the threshold Kevin considers decisive at 20 while the 1-month RSI maintains a series of higher lows. If those momentum thresholds are secured against a supportive majors tape—firmer BTC, ETH in discovery, and declining BTC dominance—the Fibonacci extensions at $3.97, $4.33, and $5.00 could be DOGE’s price targets for this cycle.

At press time, DOGE traded at $0.223.

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

Recent price movements for Bitcoin clearly show that market tension is rising as the asset tries to break through a significant resistance level close to $120,000. Bitcoin has tested the upper resistance band twice in the last week, but both times it was unable to sustain a breakout, and sellers intervened to drive the price back down. 

From a technical standpoint, this repeated rejection indicates that $120,000 is proving to be an unbreakable barrier both technically and psychologically. Bullish momentum runs the risk of stalling if it does not close decisively above this level. The 26-day and 50-day exponential moving averages (EMAs) are now steadily rising and closing in on Bitcoin’s price, which is adding to the pressure. 

If the “digital gold” enters hibernation here, these EMAs may compress the market, forcing Bitcoin to move. The trading volume is the most alarming indicator. There was not much buyer conviction at these high levels, as evidenced by the relatively low volume of both breakout attempts. 

In the past, genuine breakouts needed a discernible spike in trading activity to withstand selling pressure and maintain upward momentum. In the absence of that, the chance of a fakeout increases significantly. Bitcoin might be in danger of reverting to important support areas if buyers are unable to regain control quickly. The immediate downside targets are $116,350 and $114,380. A clean breakout above $120,000 on high volume might lead to a sharp increase in price that could reach previously unheard-of heights. 

XRP in symmetrical triangle

On the daily chart, XRP is trading within the enclosing limits of a symmetrical triangle pattern, heading toward a potentially explosive point. The price is currently hovering near the formation’s tip. Whenever assets reach the edge of such formations, volatility implosions appear.

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A period of consolidation preceding a notable price swing is usually followed by the symmetrical triangle, which is made up of converging trendlines of higher lows and lower highs. After XRP’s strong rally toward $3.70 in late July, which was followed by a slow decline that kept the market tight in a narrowing range, the current structure has been taking shape.

One important technical finding is that as the triangle ages, trading volume decreases. Because market players wait for a breakout to give them direction, this decline in activity frequently occurs before volatility spikes. Once volume returns, it can fuel an outsized move, in either direction, depending on whether buyers or sellers seize control. 

With a confirmed breakout above the descending trendline, bullish momentum may be reignited on the upside, possibly aiming for the previous swing high around $3.70 and if momentum continues setting up for new yearly highs.

On the other hand, a break below the rising support line might allow for a retest of the $2.83 and $3.06 support zones, where the 50-day EMA is currently located as extra support. Given how quickly the triangle’s tip is approaching, the timing points to the possibility of an impending volatility spike. The form is where traders will be looking for confirmation. 

Ethereum stays dominant

With the second-largest cryptocurrency by market capitalization maintaining its market leadership and rising to new annual highs, Ethereum’s remarkable run is still going strong. Now that price action has broken through all of the resistance levels, ETH has an open path to the psychological $5,000 mark. Strong upward legs that build on each other’s momentum have been the rally’s defining feature. 

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From the break above $3,000 to the most recent push above $4,400, Ethereum’s daily chart has continuously shown bullish structure. The focus of the larger market on ETH has increased this strength as the asset is seeing a significant influx of sentiment and liquidity. Technical traders are aiming for $5,000 as the next logical target because the chart currently shows no notable resistance levels ahead. 

Nevertheless, the volume profile has a more cautious picture in spite of the aggressive price advance. In contrast to previous stages of the rally, the current surge has been bolstered by comparatively low trading volume, which may indicate that momentum may wane in the absence of greater participation. 

In addition to the warning, the relative strength index — or RSI — is displaying a bearish divergence, with the price reaching higher highs and the RSI reaching lower highs. This pattern may precede a pullback or consolidation phase and frequently indicates waning bullish pressure. 

With market dominance close to its peak levels and overwhelmingly positive sentiment, Ethereum is in control for the time being. A short-term correction could allow bulls to reload before the final push to $5,000, or it could sustain the rally without new buying volume.

Another day, another Trump new tariff plan. The market was tired and did not respond positively to the news. US President Donald Trump signed an executive order that reimposed “mutual tariffs” of 10% to 41% of imports from 69 countries, and signed a higher mission on certain Canadian goods over drug mitigation concerns. Canada’s tariffs will take effect on August 1st, while others will continue on August 7th. Overall, the market is still going well, with key Altcoins retesting key support levels. It may be interesting to identify what the next cipher that explodes when the dust settles down.

Customs news was just as hit as global risk assets fell. The crypto long positions of over $570 million were liquidated in 24 hours, with Ethereum and Bitcoin taking the biggest hit. Fear of higher inflation and tougher trade flows has encouraged widespread divestitures. Still, veteran investors are looking past the headlines and scanning on-chain data for signs of rebound.

Explore: Top 20 Cryptography to Buy in 2025

The next cipher that explodes? When XRP retests support, whales accumulate ETH

While spot prices were slipping, the whale wallet quietly scooped up more ether. Last week, 12 new large holders added about 790,000 ETH (approximately $2.9 billion) to their balance. Only two of these fresh wallets purchased 68,300 ETH ($252 million) just eight hours ago. This steady accumulation suggests that large players see value by retaining ETH through short-term turbulence.

Whales continue to accumulate $ eth!

Two fresh wallets accumulated an additional 68,297 $ eth($252M) 8 hours ago.

A total of 12 fresh wallets have accumulated 790,449 since July 9th $ eth($292 million). pic.twitter.com/hcnijtn9xz

– lookonchain (@lookonchain) August 1, 2025

At the same time, we are retesting the key support zone, with XRP prices around $2.95. After peaking nearly $3.66, the XRP was pulled back to this horizontal level, which was first tested in March and May. If the buyer defends $2.95, the XRP can return to over $3.20. But the lower break could lower the price to the next floor, close to $2.65.

Between a tariff-driven dump and an aggressive ETH purchase, the trader is split and its assets are set to explode in the next. Bulls refers to whale activity and XRP support bouncing as a fast rebound recipe. Skeptic traders warn that macro uncertainty and continuous liquidation could put pressure on prices.

For now, pay attention to the chain flow and chart level. If ETH buildup continues and XRP is above $2.95, these could be components that stimulate the next cryptography that explodes when the market finds a foothold.

Bankrcoin (BNKR) Crypto Hit 100m Marketcap: How did it happen?

by Fatima

Bankrcoin (BNKR) Crypto has doubled in market capitalization since its first coverage. After completing the Coinbase list, the tokens have skyrocketed above 100%, currently exceeding 10100m.

With Coinbase support and full Baseapp integration, BNKR has gained a 14% market share. According to Cookiedao, it leads coins such as Fartcoin, Rekt, Virtuals, Openledger and Monad. How did this happen?

Read the entire article here

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The price action of Shiba Inu is consolidating just above the $0.0000134 level, signaling a critical moment. SHIB tried to regain the $0.000015 zone following an aggressive surge earlier this month, but it was once more forcefully rejected close to the 200-day moving average, which led to a local correction. 

SHIB is currently making an effort to level off above the orange 100-day EMA, which serves as a soft support. With decreasing volume indicating a lack of buyer conviction, the momentum has obviously cooled off. There is no clear trend direction indicated by the Relative Strength Index (RSI), which remains neutral between 48 and 50. Investors are paying great attention because this is a classic SHIB decision point. 

The asset is likely to move lower toward $0.00001267 and possibly even the psychological support at $0.000012 if bulls are unable to use volume to push the price above the $0.00001449 resistance. The July breakout attempt would be effectively nullified by this deeper retracement.

However, if SHIB is able to break above $0.0000145 with fresh buying pressure, the door will open for $0.000016 and ultimately $0.00002. The development of a bullish continuation pattern would be validated by this upward move, which might also start a surge of speculation. 

SHIB is currently trapped between horizontal support/resistance zones and major moving averages, making market hesitancy evident. Retail traders and whales are waiting for a catalyst, whether macro or on-chain, that could bias either side. 

Solana’s small boost

With price action breaking through several resistance zones and moving toward the psychological mark of $200, Solana has been on a strong uptrend since the beginning of July. In keeping with its short-term bullish structure, the asset is currently trading at about $184 and is displaying indications of consolidation above $175.

More intriguingly, a technical configuration that could be a golden cross is approaching. This pattern, which is frequently taken as a bullish indication  is created when the 50-day moving average (orange line) crosses above the 200-day moving average (black line). In the case of SOL, that crossover is probably going to happen in the upcoming sessions regardless of whether the price continues to rise or stays unchanged.

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The unsettling reality is that this golden cross is currently all but worthless. The pattern is being formed following a huge rally even though it typically indicates longer-term bullish momentum. SOL has already exploded from below, $140 to almost $210, in a matter of weeks. 

Anyone betting on the golden cross at this time is just late to the party, as traders who are riding this trend have already reaped the benefits. As a lagging indicator, it serves more as a confirmation of the past than as a catalyst in this particular situation.

Volume has begun to taper down, suggesting that momentum is waning and the RSI has cooled off from overbought levels. The next significant support is located in the $162-164 zone, where all of the important EMAs are stacking up and a break below the ascending trendline and failure to hold $175 could lead to a more severe correction.

Bitcoin can blow up

Each candle closing within this range pushes the spring further, and Bitcoin is coiling tighter. Bitcoin has been consolidating just below the crucial resistance zone at $120,000, which it has repeatedly approached but failed to break through, and is currently trading at about $119,000. 

However this is a textbook example of a volatility squeeze. This structure is a classic example of a continuation pattern. Early in July, Bitcoin broke out of the descending triangle and began a gradual upward grind, but the momentum has since slowed. Low volume, compressed volatility and shrinking daily candles are all signs of an upcoming breakout. The RSI is still above 60, indicating that bulls are still in control. 

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This arrangement is made even more explosive by the multi-layered support that is developing underneath. At $116,000 the 20-day EMA is comfortably positioned, and the 50-day is not far below. Because of the strong floor these stacked moving averages provide for Bitcoin, there is less chance of a significant decline unless a black swan occurs. Combine that with the macro story, which includes historically bullish Q4 setups, declining exchange balances and ETF inflows. 

We may witness a sharp increase toward the $125,000-$130,000 range and potentially higher if momentum holds once Bitcoin convincingly breaks above $120,000, particularly on a daily close with a volume spike. There is a catch, though: the move will be more violent the longer Bitcoin remains flat. This is a when-and-where scenario rather than a maybe one. Bitcoin is about to make a decision as volatility returns. The trend indicates that the path of least resistance is still upward.

SkyBridge Capital founder and CEO Anthony Scaramucci says Bitcoin (BTC) appears ready for more upside as it hovers around its all-time high.

In a new interview on the White Crypto YouTube channel, the hedge fund veteran says Bitcoin could go up by up to 65% from the current level before the end of the year.

“Well, every time I make a price prediction, I get it wrong. But I did say last year that I thought we could close in on $100,000. We didn’t quite get there until after the [President Trump] inauguration. But I do think this is $150,000 to $180,000 by year-end.”

According to Scaramucci, demand for Bitcoin from institutional investors is primed to keep going up.

“Bitcoin supremacy, if you will, is creeping up and I think that’s going to continue because it’s the go-to asset for institutional investors. That’s not to say that the other coins won’t do well. But I think institutional dollars that are coming into the space, something like 80% of those dollars will end up in Bitcoin.”

Scaramucci, however, says Bitcoin is currently facing various headwinds amid the heavy demand.

“There are a lot of things holding Bitcoin back. We’re fighting in the Gulf, we’re fighting in Ukraine and we’re fighting in the former Soviet Union, Russia. There’s global tension. There’s a fear of recession. We’re still getting over the aftermath, economically, of COVID. And so there are a lot of things holding Bitcoin back.

But despite that, there’s very heavy net buying of Bitcoin, particularly through the [exchange-traded funds] ETFs.”

Bitcoin is trading at $109,273 at time of writing.

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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.

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Crypto analyst Javon Marks has provided a bullish outlook for the Shiba Inu price, predicting a potential rally of 180%. The analyst alluded to an indicator that suggests that SHIB can record this explosive rally, reclaiming the psychological $0.00002 level in the process. 

Shiba Inu Price Eyes 180% Rally As MACD Forms Bullish Divergence

In an X post, Javon Marks stated that the Shiba Inu price has formed a clear Bullish Divergence with its Moving Average Convergence Divergence (MACD). He further remarked that this points to a nearly 180% upside for SHIB to rally to $0.000032. Marks added that this may only be the start of a much larger positive reversal for the meme coin. 

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His accompanying chart showed that the Shiba Inu price could hit this target between now and year-end. This provides a bullish outlook for the meme coin, which has greatly underperformed this year. SHIB has recorded a 45% loss year-to-date (YTD). Meanwhile, the coin is also down over 8% in the last 30 days. 

This represents a change of fortune for the meme coin, which recorded a gain of around 150% in 2024. However, based on Javon Marks’ analysis, the Shiba Inu price could still end this year in the green if it records this projected 180% rally. SHIB could also reclaim one of the top 10 spots in the ranking of cryptocurrencies by market cap. 

Fundamentals like the SHIB burns and network activity could spark this momentum for the Shiba Inu price. In an X post, a SHIB community member revealed that the meme coin has just shattered another record. Over 1.5 million on-chain wallets now hold the meme coin, with the number still rising. 

However, the SHIB burns will need to pick up as they remain unstable. Shibburn data shows that the daily burns have crashed by over 82%, with 1.5 million SHIB burned in the last 24 hours. The burn rate is also down around 11% in the last seven days, with 48 million SHIB burned during this period. 

SHIB Can Rally As Much As 600%

Javon Marks is still confident that the Shiba Inu price can rally as much as 600% in the long term. He recently stated that the $0.000081 target for SHIB remains unchanged and that sights are still on an over 609% uphill run to reach it in response to a massive holding breakout of the displayed resisting trend. 

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The analyst remarked that due to the post-breakout action, he sees this target being broken above, bringing $0.0001553 in play. Marks, however, failed to provide a specific timeline for when this 600% Shiba Inu price rally could occur. 

At the time of writing, the Shiba Inu price is trading at around $0.00001181, up over 3% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Adobe Stock, chart from Tradingview.com

Macro strategist Luke Gromen unpacks how developments in the energy market could directly impact Bitcoin (BTC).

In a new thread on the social media platform X, Gromen tells his 340,800 followers that he thinks gold and Bitcoin are poised to surge if energy prices spike.

“1. Whenever physical [gold] is revalued to a big multiple of oil, energy prices in fiat will skyrocket, sending gold far higher on fiat.

2. When energy prices in fiat skyrocket, the price of BTC will also skyrocket in fiat.

And the stock-to-flow ratio of BTC is way higher than gold.” 

When asked about the connection between oil and BTC, the macro expert explains that surging energy prices fuel inflation, which in turn puts pressure on the bond market.

“Because the bond market will need to be capped with printed money to prevent the inflation driven by a rise in energy prices from collapsing it…

Rising energy prices beyond a point will break bonds.

Once that happens, either money will have to be printed to cap yields to maintain government solvency, or sovereign debt will nominally get restructured.

Assets with no counterparties should outperform (gold, BTC).”

When inflation is on the up and up, bond investors demand higher yields (returns) to make up for the loss in purchasing power. Bonds locked into lower yields typically witness a drop in value as investors rush out of assets that offer little to no real returns, triggering a bond market collapse. Gromen thinks that the Fed will be forced to buy bonds with printed money to prevent a collapse, creating favorable conditions for Bitcoin and gold.

Gromen also notes that at the most fundamental level, Bitcoin is a product of the energy market as miners rely on massive amounts of electricity to mine BTC.

“Electricity used to support BTC and its price is very real, enough to power much of the US continent.”

At time of writing, Bitcoin is worth $106,401.

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Volatility Meets Opportunity: SUI Charts A Risk-Reward Path

According to SirRichard’s latest update on X, SUI has exhibited notable price swings, but its long-term outlook remains firmly bullish. The token recently pulled off a remarkable 150% rally, climbing from a low of $1.71 to a high of $4.30. This explosive move caught the attention of traders, especially as it coincided with a golden cross formation on the daily chart, a classic technical signal that often precedes major bullish continuation.

Based on this setup, SirRichard believes SUI could be preparing for an even more significant leg up, potentially targeting new highs around the $7.56 mark. If this plays out, it would represent a staggering 380% gain from earlier levels. However, he also warned that the journey may not be without obstacles, particularly as other technical and fundamental signals begin to surface.

A recent bearish crossover in the Exponential Moving Averages (EMAs) may hinder SUI’s bullish momentum in the short term. Additionally, the token unlock on June 1, 2025, resulting in the release of approximately $215 million worth of SUI into circulation, poses a potential risk. Such a large supply event could introduce selling pressure and spark short-term volatility if not absorbed smoothly by the market.

Currently, immediate support lies between $3.40 and $3.43, which could act as a cushion in the event of a dip. On the upside, resistance is building around the $3.50–$4.00 zone. A firm break above this level would reignite bullish momentum, paving the way for SUI’s next upward surge.

Bearish Winds Loom, But On-Chain Strength Holds Ground

On the other hand, if bearish sentiment intensifies, the price could fall toward the $2.33 level, a key support that could be tested. Such a move would likely challenge bullish confidence and introduce volatility in the near term.

Despite this, the broader outlook is supported by impressive network activity. SUI’s ecosystem has seen over $40 billion in aggregator volume, a significant metric pointing to strong participation and interest. Even more encouraging is the 24% increase in activity over the last 30 days, highlighting a growing user base and rising utility.

These fundamentals serve as a strong counterbalance to short-term risks. If sustained, they could provide a firm foundation for renewed bullish momentum. As such, any price dip may offer a fresh opportunity for long-term investors.

A widely followed crypto strategist thinks that one layer-1 platform is closely following in the footsteps of Solana’s (SOL) 2021 bull market rampage.

Pseudonymous analyst Kaleo tells his 698,600 followers on the social media platform X Sui’s (SUI) price action over the last two years looks very similar to SOL’s 2020-2021 market structure.

In 2021, Solana exploded and rallied by about 300% in just three months after shattering its resistance at $55.

Says Kaleo,

“SUI looks primed for a move similar to the one SOL made in the Fall of 2021.

SUI has been the emerging layer-1 market leader this cycle, similar to what SOL was then.

If current structural similarities continue to play out, things are about to get fun.”

Looking at the trader’s chart, he seems to suggest that SUI is close to skyrocketing and printing new all-time highs.

At time of writing, SUI is trading for $4.04.

Kaleo is also bullish on the leading memecoin Dogecoin (DOGE). The analyst shares a chart suggesting that Dogecoin may be repeating its 2018-2021 market structure.

“It’s finally time to pay attention again to the king of memes.”

Based on the chart, Kaleo believes that DOGE will soar to $3 before 2025 expires. At time of writing, DOGE is worth $0.239.

As for Bitcoin, the trader sees BTC running close to $200,000 with short and shallow pullbacks.

“Up only from here fellas.” 

At time of writing, Bitcoin is worth $103,868.

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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.

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A closely followed crypto strategist believes that the stage is now set for Bitcoin (BTC) to go on a parabolic rally.

Pseudonymous analyst TechDev tells his 522,200 followers on the social media platform X that he’s looking at a setup that has previously triggered a 6x surge for BTC.

According to TechDev, Bitcoin went on a rampage in 2020 as global liquidity erupted and gold ignited a huge upside burst.

“Time to realize you’ve been right here before.

Last time gold went parabolic as global liquidity surged out of its retested breakout…

Bitcoin launched 500%.” 

TechDev supports his bullish stance on Bitcoin by pointing out that BTC has historically witnessed huge upside gains whenever global liquidity goes parabolic, just as the business cycle bottoms out.

Global liquidity refers to the amount of money sloshing in the world’s financial system, while the business cycle tracks the rise and fall of economic activity over time.

“This chart says the largest Bitcoin move in five years has begun.”

The analyst believes that the abundance of funds amid surging global liquidity and the reallocation of capital from gold to Bitcoin would serve as tailwinds for BTC’s ascent to new record levels.

“Gold goes parabolic > Liquidity breaks out > Flows to BTC + rotation from gold sends BTC parabolic

Not an original story.” 

At time of writing, Bitcoin is trading for $95,925.

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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.

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