Shiba Inu price has reclaimed a key monthly support level after an impulsive 
sell-off, signaling that oversold conditions may be giving way to a relief 
rally as buyers begin to step back in.

Shiba Inu price stabilizes at monthly support as oversold conditions ease

The crypto market wavered today, February 17, as traders watched several 
potential catalysts, including Federal Reserve statements and the happenings 
in the Middle East.

Crypto market wavers as senior Fed official predicts several rate cuts

Dogecoin might be trading at $0.1, but is already flashing signs of a 
structural change on the daily timeframe after weeks of downward pressure. 
After spending much of the past month trading beneath a descending resistance 
line, the leading meme coin has now broken above that trendline in what one 
analyst describes as textbook bullish price action. The analysis, shared on X 
by crypto analyst Trader Tardigrade, pointed to a breakout and successful 
retest that could set the stage for a stronger move for the price of Dogecoin. 
Breakout Above The Descending Trendline According to Trader Tardigrade, 
Dogecoin has officially broken above a descending trendline that had been 
stopping its price action into a series of lower highs since the middle of 
January. The daily candlestick chart attached to the technical analysis posted 
on X shows a clearly defined downward-sloping resistance line, with multiple 
lower highs forming along the way. Related Reading: What The Dogecoin Recovery 
From This Accumulation Zone Means For The Price The breakout occurred after 
Dogecoin had gradually compressed toward the lower end of the pattern. A 
strong bullish candle pushed the price through the descending resistance when 
the Dogecoin price broke above $0.1. This was the first sign that sellers were 
no longer in control at that level. Descending triangles and descending 
trendlines are a reflection of sustained selling pressure. When price 
decisively breaks above such structures, it can indicate a change in market 
sentiment, especially if accompanied by strong follow-through candles. Keeping 
this in mind, the important part of the setup is not just the breakout, but 
what happened afterward. Trader Tardigrade pointed out that Dogecoin pulled 
back to retest the broken trendline. Instead of falling back below it, the 
price respected the level and held firm. The retest area is around the 
$0.10-$0.102 range on the chart, and former resistance now appears to have 
transformed into support. Here’s The Next Stop For DOGE This type of move is 
referred to as a “resistance-turned-support” confirmation. When a previously 
restrictive level becomes a base for buyers, it strengthens the bullish case 
and reduces the probability of a false breakout. The analyst described this as 
a confirmation of textbook bullish price action. Related Reading: Dogecoin 
Price Momentum Oscillator Drops To Levels That Triggered Previous 21,000% 
Rally If Dogecoin maintains support above the broken trendline, the next 
logical upside target is at the most recent swing high around $0.115 to $0.12. 
That region previously acted as rejection territory in late January before 
Dogecoin resumed its decline, making it the first major resistance overhead. 
The chart projection shared by the analyst suggests the possibility of a 
continued rally to the mid-$0.13 to $0.15 range if momentum continues. A 
sustained move above $0.12 would likely draw additional attention from short- 
term traders watching for confirmation of a trend reversal. At the time of 
writing, Dogecoin is trading at the reclaimed $0.10 price level. Featured 
Image from Pngtree, chart from Tradingview.com

Dogecoin Has Now Broken Out Of A Descending Triangle, Here’s The Next Stop

HBAR price has rebounded in the past few days, moving from the year-to-date 
low of $0.0725 to the psychological level at $0.100.

HBAR price risks a downward spiral as Hedera’s ecosystem woes persist

Crypto loses its distinct identity when it begins to mimic traditional 
financial systems. If crypto projects function like banks or securities 
exchanges, they must comply with existing laws. The current state of crypto 
resembles traditional finance but often resists regulation.
The post Corey Frayer: Crypto loses its identity when mimicking traditional finance, SEC&#8217;s independence is crucial for regulation, and compliance can create competitive advantages | Bankless appeared first on Crypto Briefing.

Corey Frayer: Crypto loses its identity when mimicking traditional finance, SEC’s independence is crucial for regulation, and compliance can create competitive advantages | Bankless

Cryptocurrency price in TWD