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Dogecoin (DOGE) is ending September with mild bearish momentum, but technical indicators and historical performance suggest the coin could surge in October. This outlook, shared by TradingShot in a TradingView post on September 30, indicated that Dogecoin has been moving within an upward channel since March, showing a consistent pattern of higher highs and higher lows. DOGE price analysis chart. Source: TradingView The analyst noted that recent price action has found support along the higher-lows trendline that emerged from the August 3 low, reinforced by the 100-day moving average (MA).  This support level is critical, as maintaining it suggests Dogecoin could test the upper boundary of the channel, aligned with the higher-highs trendline, during October. To this end, TradingShot’s technical projections indicate that a successful rebound from this level could see Dogecoin reaching a target of $0.32, corresponding to the 1.136 Fibonacci extension of the ...

China is now making strategic moves to establish its new global dominance in the sector of finance and capital flows. The country is all set to debut a yuan-backed stablecoin in Kazakhstan, a crucial part of Beijing’s plan to popularize the extensive offshore yuan usage. Will this move expedite the de-dollarization process, aiming to wound the US dollar? Also Read: Dollar Decline: Is China’s Yuan Poised to Go Global? China Set To Debut The Yuan-Backed Stablecoin: What Does It Mean? Source: Thomas White / Reuters China has long been playing with the idea of launching stablecoins as an effective means for trade and transactions. The Chinese regime is all set to launch a yuan-backed stablecoin in Kazakhstan this month, actively experimenting with the usage of blockchain technology in the cross-border payment domain, Reuters later shared. China has always tried hard to win the global currency narrative, leading the charge to take the global reserve asset title away from the dollar. Yuan’s ...

Marusho Hotta shares surged 9% after announcing it will rebrand to ”Bitcoin Japan,” positioning it as a major Bitcoin treasury player. The move follows the acquisition of a controlling stake by US-based crypto custody firm Bakkt Holdings in June and a pivot to Bitcoin treasury operations, sending the stock up 1,258% since Aug. 4  Its name will be changed during a shareholder meeting on Nov. 11, it said in a press release, which added that its English name will be changed to “Bitcoin Japan Corporation.” Marusho Hotta shares are trading at 720 yen ($4.84) as of 1:15 a.m. EST, up from just 53 yen on Aug. 4, according to Google Finance. Marusho Hotta share price (Source: Google Finance ) Bakkt Seeks To Create A Leading Bitcoin Treasury Company In Japan Founded in 1861, Marusho Hotta is one of Japan’s best-known kimono makers and textile producers. The company also operates a range of contemporary and hybrid fashion brands.  However, years ...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The cryptocurrency market is facing one of its most significant corrections in recent times. Bitcoin (BTC) falling to the $111,000 price level has led to a substantial dip in investor sentiment. Pi Coin (Pi Network/PI) also follows the current market downtrend. CoinGecko data highlights that PI has fallen 5.3% in the last 24 hours, 24.5% in the last week, 21.3% in the 14-day charts, and 20.2% over the previous month. PI’s price seems to be holding steady at the $0.27 price point and has some support at this level. Let’s discuss if Pi Coin will experience a reversal over the coming days. Source: CoinGecko Pi Coin Reversal Before October Starts? Source: Bankless Times The current market dip has caused substantial worry among Pi Coin holders. The asset climbed to a peak of $2.99 in late February, while the larger market was facing a correction. Pi Coin’s price has fallen by nearly 91% since its February peak. The latest market correction could be due to macroeconomic unce...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

XRP fell below the $2.8 mark on Tuesday, and the price stagnancy is continuing on Wednesday. The latest data from TradingView shows that traders and whales have cumulatively accumulated 30 million tokens during the dip. The total holding among investors went from 6.74 billion to $6.77 billion as its price dipped to $2.78. Also Read: Will XRP Fall Below $2? Analyzing the Impact of The XRP Accumulation Source: coinpedia.org The massive accumulation during dips indicates that holders are confident that the altcoin could surge further in the charts. Despite the market crash, XRP managed to find support at the $2.7 level and barely dipped below that level. The altcoin remains rangebound, moving at $2.78 to $2.85 in the day’s session. If it breaks its resistance level of $2.90, XRP could reach $3 in the next leg-up. Traders and whales are mostly buying the dips in anticipation of the SEC approving the Franklin Templeton XRP ETF in November. Apart from Franklin Templeton, many other inst...

A widely followed trader flags a crucial price area for Bitcoin (BTC) that could have a meaningful impact on the broader crypto market. Pseudonymous analyst Inmortal tells his 235,500 followers on X that altcoins will likely get hammered hard if Bitcoin loses a key support level. “$108,000 is the line in the sand. Below $108,000-30% on altcoins Ranging between $108,000-$120,000: Sideways + good moves on outperformers Above $120,000: two to five weeks of altseason.” Source: Inmortal/X Based on the trader’s chart, he seems to predict that BTC will soar to new all-time highs if bulls defend $108,000. At time of writing, Bitcoin is trading for $112,853. Looking at Ethereum (ETH), the analyst flags $4,000 as a golden opportunity for long-term investors. “This area is a gift, in my opinion.” Source: Inmortal/X At time of writing, ETH is worth $4,197. Inmortal is also bullish on the native asset of the layer-2 Ethereum scaling solut...

The cryptocurrency domain has always been synonymous with sharp price crashes and volatility. There are times when traders lose out on money, but these declines often serve as lessons, helping an investor understand the hidden undercurrents of this domain. While it may seem catastrophic at first, these volatile pangs of price declines often serve as opportunities to help investors expand his or her worldview, helping them gain a better understanding of the trading narratives. These changes also deliver a chance for investors to scoop up lucrative market dips, the ones that have the power to transform heavily in the near future. With the current crypto market down narrative, here are the three coins that are poised to rally once the market gains stability in the future. Also Read: Hoskinson Unveils Cardano’s Masterplan For Global Adoption Three Coins Predicted to Rally Hard Soon 1. Binance Coin (BNB) Source: The Coin Republic Binance Coin (BNB) is one of the most promising cryptocurrenc...