crtypto & forex news

Dogecoin’s recent price action has seen the meme coin trading in a tight range below a resistance zone, currently hovering between $0.21 and $0.26. Over the past week, the meme coin has been hampered at a resistance level around $0.25, which is threatening to send it crashing downwards. Interestingly, technical analysis suggests that Dogecoin could experience a further shakeout before eventually making a move upwards. Analyst Forecasts Shakeout To $0.21 Before Breakout To $0.4 According to technical analyst Trader Tardigrade, who shared a breakdown of Dogecoin’s daily chart on social media platform X, the meme coin seems like it is currently forming the second leg of a two-part consolidation structure. Notably, the chart outlines a likely scenario where the price undergoes a short-term dip toward the $0.21 zone before resuming its uptrend.  This structure, which includes a brief retest of support around $0.21 following an earlier rally in May, is consistent with shakeout pat...

According to market watcher Sir Chartist, Strategy’s stock (MSTR) may be headed for a sharp drop before it bounces back. He thinks shares could slide as low as $350. Then, once selling dries up, a fresh push might carry the price back to $700. It’s a two-step move he believes will play out soon. Prime Setup Signals Breakdown Sir Chartist points out that MSTR has slipped below its 9-day exponential moving average and its 20-day simple moving average. Those lines are now converging in a bear-leaning pattern. When that happens, short-term momentum often fades fast. He notes that April’s trend—where green candles kept driving the stock higher—has given way to heavier selling. Let’s break down this chart on $MSTR . At the end of this thread I will give my opinion on it as of TODAY! As traders and chartist, knowing and STUDYING charts is KEY to success. Lets have a look THREAD pic.twitter.com/gqxG9yRx2d — SIR CHARTIST (@ChartBreakouts) May 24, 2025 Volume Trends Could Mark A Bo...

Amid a general crypto market uptrend, Ethereum (ETH) has registered a significant price gain over the past months. Since Bitcoin embarked on a market rebound in early April, ETH has followed suit, with its trading price increasing by over 80%. In more bullish developments, popular crypto analyst Burak Kesmeci has noted a positive on-chain event that signals a further price appreciation ahead. Related Reading: Ethereum Surges With Force As Price Logs Most Significant Daily Rally In Years Ethereum SOPR Holds Above 1 – What Does This Mean?  In an X post on May 24, Kesmeci provides a bullish Ethereum price prediction based on the asset’s Spent Output Profit Ratio (SOPR), which currently signals a positive investor sentiment. The SOPR is calculated by dividing the selling price of tokens by their acquisition price. A value above 1 indicates that the ETH being sold, are on average in profit, while a value below 1 suggests that investors are realizing losses. Therefore, a sustai...

HSBC has rolled out Hong Kong’s first settlement service that uses blockchain technology. It turns regular bank deposits into digital tokens. That means companies can move money almost instantly. Payments may cost less and happen faster than on traditional systems, according to Lewis Sun, HSBC’s global head of domestic and emerging payments for global payments solutions. Tokenized Deposit Program Based on reports, HSBC’s new tokenized deposit program lets firms swap regular deposits for tokens on a blockchain platform. Companies keep their dollars on the bank’s balance sheet, but they can send and receive them like digital coins. Sun says this approach can cut out extra fees and delays. It also helps track every payment on-chain, so firms know where their cash is at all times. HSBC LAUNCHES HONG KONG’S FIRST BLOCKCHAIN SETTLEMENT SERVICE HSBC debuted a blockchain-based settlement platform using tokenized HKD and USD deposits, with Ant International completing the first transac...

It’s no secret that Ethereum’s performance has been tame compared to Bitcoin since the start of this cycle. However, this trend became most apparent at the start of the year when ETH’s price fell toward the $3,000 mark while BTC continued to move sideways above $100,000. When the Bitcoin price eventually lost the $100,000 level in the first quarter, the value of Ethereum had already fallen close to $2,000. While the premier cryptocurrency has reached a new all-time high in recent days, the “king of altcoins” faces significant resistance around $2,800. Will Divergence Lead To Revaluation Of Investment Strategies? The rate of both assets’ price growth in the past few weeks and months provides an insight into the declining relationship between Bitcoin and Ethereum. In a recent Quicktake post on the CryptoQuant platform, on-chain analyst Carmelo Aleman shared that a decoupling has occurred between the world’s two largest cryptocurrencies. Aleman defined correlation in his post: Cor...

The BNB price has exhibited a relatively strong level of volatility over the past few months — even when the crypto market has sometimes been sluggish. The altcoin started the year’s second quarter fighting to hold above the important $500 level, but has since regained a good amount of bullish momentum. The BNB price broke out of the choppy zone around the $600 mark in early May, mirroring the increasingly optimistic market sentiment in recent weeks. However, the altcoin seems to be struggling to breach the $700 level in its attempt to reclaim its all-time high price. BNB Gearing Up For An Aggressive Wave Of Volatility In a May 23 post on the X platform, investment data firm Alpractal explained the potential factors behind the recent sluggishness in the BNB price over the past week. The on-chain analytics platform pinpointed a relevant class of investors as the major drivers behind BNB’s latest bearishness. Related Reading: Crazy Bitcoin Bet: Trader’s $1 Billion Wager Says BTC Cl...

Bitcoin is thriving once again, defying global macroeconomic turbulence and pushing into uncharted territory. Earlier this week, the world’s largest cryptocurrency hit a new all-time high of $112,000, reinforcing investor optimism and signaling that the bull trend remains intact. As fears of inflation, rising interest rates, and geopolitical tensions persist, Bitcoin’s role as a resilient digital asset continues to attract capital. However, while BTC reaches new highs, the broader altcoin market tells a different story. Top analyst Daan shared a key technical observation, noting that the TOTAL Altcoin Market Cap is still far from its 2021 peak. Despite recent recoveries, altcoins remain well below their all-time highs. This divergence highlights a recurring theme of this cycle—Bitcoin’s dominance. Daan pointed out that the altcoin market’s underperformance stems from its failure to break above a key horizontal resistance zone. Until that level is convincingly breached, altcoins may c...