Bitcoin may have set multiple records this year, but ethereum ( ETH) just 
staged its first breakout since November 2021 this week, pushing YTD gains to 
43% against bitcoin’s 23%. The real question now is whether ethereum’s rally 
has only just begun. Could Ethereum Be Poised for a Shock Move? At the start 
of the […]

Ethereum Breaks Its Long Silence — But Is $10K the Next Chapter?

Technical analysis shows Dogecoin is about to confirm a support on the weekly 
candlestick timeframe chart after managing to hold up above $0.21 in the past 
week. After several weeks of mixed sentiment between bulls and bears, 
Dogecoin&#8217;s price action now seems to be shifting in favor of buyers, and price 
action on the weekly timeframe is now showing a convincing bullish setup. This 
trend was highlighted in a technical analysis from TradingView analyst 
MasterAnanda, who noted that Dogecoin’s confirmation above some exponential 
moving averages is key to a midterm price target of $1.85. Related Reading: 
Crypto Strategist Sounds The Alarm: Bitcoin Surge Could Clash With Fed Reserve 
Goals Strong Support Holds With Dogecoin Above EMAs The chart posted by 
MasterAnanda shows that Dogecoin has now traded above the EMA8, EMA13, and 
EMA21 for four consecutive weeks. This alignment of exponential moving 
averages, as shown in the chart below, has always been the start of powerful 
upward moves in Dogecoin’s price. Each time the price has managed to hold 
above these averages on the weekly chart, it has paved the way for sustained 
rallies. For instance, in October 2023, the alignment of these moving averages 
preceded a steep rally that pushed DOGE higher in the following months. A 
similar development was seen between September and October 2024, when Dogecoin 
climbed aggressively after maintaining its position above the same set of 
EMAs. Now, it seems recent market dynamics have seen Dogecoin establishing 
strong support above $0.21. The analyst described this confirmation of support 
as the moment that ends any lingering doubt, and traders who are waiting for 
signals of market strength can now see that the technicals point decisively 
upward. According to the chart, this support is acting as the launchpad for a 
higher high, and the probability of an extended bullish run is increasing with 
the continued increase in trading volume. Chart Image From TradingView: 
MasterAnanda Next Dogecoin Target At $1.85 The sentiment among Dogecoin 
traders had been divided in recent weeks, with some traders leaning bearish 
while others maintained bullish expectations. This divergence of opinion is 
not unusual, as crypto analysts and traders frequently oscillate between these 
opposing views. Now that the support has been confirmed and Dogecoin is 
sustaining momentum above these exponential moving averages, the only thing 
left is for Dogecoin to continue trading with high volume. In this case, 
MasterAnanda projected multiple intermediate targets at Fibonacci extension 
levels before a final price target of $1.85. The first price target is at 
$0.31 (0.382 Fib level), then $0.48 (0.618 Fib level). Breaking beyond this 
level would translate to a break above a strong resistance that stopped 
Dogecoin in its tracks in December 2024. Related Reading: Bitcoin’s Next Stop 
For 2025? $175,000, According To SOL Strategies Boss The next target after 
$0.48 is above the 2021 all-time high of $0.7316, at $1.16, which corresponds 
to the 1.618 Fibonacci extension. Clearing this level would pave the way for 
the ultimate midterm target of $1.85 at the 2.618 Fib extension level. At the 
time of writing, Dogecoin was trading at $0.2324. Featured image from 
Unsplash, chart from TradingView

Dogecoin Price Technicals Confirm Support, Mid-Term Target Now $1.85

Telegram CEO Pavel Durov was arrested one year ago and has since then been 
required to stay in France while under investigation.

One year since Durov’s arrest: What’s happened and what’s ahead?

The hacker behind a recent Coinbase breach has surfaced with a 38,126 Solana 
purchase worth approximately $7.9 million, made with stolen funds.

Coinbase hacker uses stolen crypto to buy 38,126 Solana

On Friday, VanEck, asset manager and cryptocurrency exchange-traded fund (ETF) 
issuer, announced a new filing for a spot Solana ETF backed by JitoSOL with 
the US Securities and Exchange Commission (SEC). This marks a significant 
change from other crypto ETFs as it would be the first fund to utilize a 
liquid staking token. A New Era For Liquid Staking? JitoSOL functions as a 
liquid staking token on the Solana blockchain, representing both staked SOL 
and the rewards associated with it. This structure allows users to stake their 
SOL through the Jito Network while retaining the liquidity necessary for 
participation in decentralized finance (DeFi) applications. Consequently, 
VanEck&#8217;s introduction of a new spot Solana ETF could provide investors with 
new opportunities to benefit from the expected growth of the Solana ecosystem. 
Related Reading: Why August Could Be Remembered As A Major Trap For Bitcoin 
And Crypto Market This initiative comes on the heels of new regulatory 
guidance from the SEC regarding liquid staking activities. Under the 
administration of President Donald Trump, there has been a concerted effort to 
position the United States as the global leader in cryptocurrency. The 
Securities and Exchange Commission&#8217;s recent shift in approach reflects this 
vision, as it aims to clarify the regulatory landscape for the broader digital 
asset market, a significant departure under former Chair Gary Gensler. Nine 
Solana ETF Applications Await SEC Green Light In August of this year, a 
coalition of influential organizations, including Jito Labs, VanEck, Bitwise, 
the Solana Policy Institute, and Multicoin Capital Management, submitted a 
joint request to the SEC seeking approval for liquid staking in Solana ETF 
applications. The letter emphasized the operational advantages that liquid 
staking can offer for potential Solana ETF issuers, such as enhanced network 
security through increased staking participation, a wider array of investment 
options for market participants, and potential new revenue streams for ETF 
providers. With at least nine Solana ETF filings currently awaiting SEC 
approval, it&#8217;s clear that interest in this area is on the rise. Significant 
progress toward approval was signaled two months ago when VanEck’s first spot 
Solana ETF appeared on the Depository Trust &amp; Clearing Corporation’s website 
under the ticker VSOL. Related Reading: How High Can Shiba Inu Climb In 2025? 
Analyst Gives Candid Outlook Importantly, the SEC has also signaled that, 
under specific conditions, activities related to liquid staking may not fall 
under the definition of securities as outlined by the Securities Act of 1933 
and the Securities Exchange Act of 1934. Paul S. Atkins, the newly appointed 
SEC Chairman, underscored the agency&#8217;s commitment to providing clear 
regulatory guidance for innovative financial practices. He described the staff 
statement on liquid staking as a crucial measure for defining which crypto 
asset activities lie outside the SEC&#8217;s jurisdiction. On Friday, VanEck&#8217;s new 
spot Solana ETF application caused SOL&#8217;s price to surge by double digits, 
recording a 10% increase in the 24-hour period that brought the cryptocurrency 
close to the $200 threshold. Featured image from DALL-E, chart from 
TradingView.com

Cryptocurrency price in AED