The EMAs formed a death cross, indicating that DOGE might drop below $0.12. The 90-day MCA increased, suggesting selling pressure on the coin. On April 27th, Dogecoin [DOGE] tried to reach $0.17 again, but its 4-hour chart indicated strong resistance at $0.15. Consequently, the coin’s price retreated and settled at $0.14 instead. As a Dogecoin … Read more
As a crypto investor, I’ve noticed an interesting development in the Ethereum network lately. Gas fees have dropped to their lowest point in six months, despite Ether (ETH) experiencing a slight rally over the weekend. According to Santiment, this trend could be a sign of an upcoming altcoin rally. The cost of gas transactions on … Read more
Bitcoin formed a smaller range within the range. Bullish conviction has weakened considerably, and selling pressure could soon dominate. Bitcoin has been trading between $73k and $60.7k recently, forming a smaller range. Bullish conviction has weakened significantly, and selling pressure may take over soon. In my earlier analysis for AMBCrypto, I mentioned that bulls needed … Read more
The market cap of JUP, the native token for Jupiter, crossed $1 billion. Other protocols such as Jito also saw growth. Solana’s (SOL) user base has expanded significantly over the past few months, leading to growth for not only SOL but also related protocols like Jupiter (JUP) and Jito. In fact, JUP became one of … Read more
Cardano’s non-zero addresses declined. Dogecoin’s non-zero addresses increased by over 13%. Recent data suggests that Dogecoin and Cardano have seen a slight shift in the number of active wallet addresses. Dogecoin’s holder count has grown by over 13% in the last three months, while Cardano’s has declined, despite both assets displaying flat trends recently. As … Read more
In summary, the altcoin market is showing mixed signs as some coins like Ethereum (ETH), Near Protocol (NEAR), Arweave (AR), and Core (CORE) are trying to recover from their recent declines, while others like Bonk (BONK) are facing resistance at key levels. The overall trend remains bearish, but the bulls are attempting to stage a … Read more