The U.S. diplomatic shift towards Sudan could alter regional alliances, 
impacting global oil markets amid heightened Iran tensions.
The post Trump explores Sudan reset amid rising Iran tensions appeared first 
on Crypto Briefing.

Trump explores Sudan reset amid rising Iran tensions

A cryptocurrency analyst has pointed out how Dogecoin has seen its last five 
breakout attempts rejected by the middle line of a Parallel Channel pattern. 
Dogecoin May Have Been Following A Parallel Channel Recently In a new post on 
X, analyst Ali Martinez has talked about a Parallel Channel forming in the 
4-hour price of Dogecoin. The &#8220;Parallel Channel&#8221; refers to a class of patterns 
from technical analysis (TA) that emerge whenever an asset observes 
consolidation between two parallel trendlines. Related Reading: Bitcoin Rally 
Catches Shorts Offside—$200M Liquidated As Price Hits $79,000 The upper line 
of the channel is likely to be a source of resistance for the price, while the 
lower one that of support. A break out of either of these bounds can signal a 
continuation of trend in that direction. Depending on how the trendlines are 
oriented with respect to the graph axes, Parallel Channels can be sorted into 
a few different types. When the trendlines are pointing up, the pattern is 
known as an Ascending Channel. Similarly, a channel with a negative slope is 
called a Descending Channel. These two channels correspond to a phase of 
consolidation to a net upside and downside, respectively. In the context of 
the current topic, the Parallel Channel of interest falls into a third type: 
one where the trendlines are parallel to the time-axis. This type of channel 
naturally represents a phase of completely sideways movement in the asset. 
Now, here is the chart shared by Martinez that shows the Parallel Channel that 
the 4-hour price of Dogecoin has potentially been trading inside over the last 
couple of months: As displayed in the above graph, Dogecoin has recently been 
stuck in the lower half of this Parallel Channel. The memecoin has made five 
retests of the midway line, but all of these attempts have ended up in 
rejection. This level is located at $0.1018. DOGE&#8217;s most recent retest of the 
line took place just last week. Since this latest rejection, the 
cryptocurrency has retraced to the quarter mark of the channel. It now remains 
to be seen whether the coin will see another run to the resistance line or if 
it will retest the support level at $0.0884 instead next. Related Reading: 
Bitcoin Hits $78,000—All Eyes On $80,700 Cost Basis? In some other news, 
Dogecoin witnessed a high amount of transaction volume last week, as the 
analyst has highlighted in another X post. From the chart, it&#8217;s visible that 
the Dogecoin network saw almost $800 million in transfer volume on April 16th 
alone. Thus, it would appear that activity related to the memecoin was 
elevated last week. DOGE Price Dogecoin has dropped back to the $0.0966 mark 
following its pullback. Featured image from Dall-E, chart from TradingView.com

Dogecoin Keeps Getting Capped At This Parallel Channel Level, Analyst Says

Metaplanet&#8217;s move underscores corporate confidence in Bitcoin&#8217;s future, 
potentially influencing market dynamics and investor strategies.
The post Metaplanet issues $50M in zero-interest bonds to buy more Bitcoin 
appeared first on Crypto Briefing.

Metaplanet issues $50M in zero-interest bonds to buy more Bitcoin

Senator Cotton&#8217;s warning heightens geopolitical tensions, reducing diplomatic 
avenues and increasing market volatility and uncertainty.
The post Senator Cotton warns Iran of military consequences if talks stall 
appeared first on Crypto Briefing.

Senator Cotton warns Iran of military consequences if talks stall

The lack of UK naval response suggests a preference for diplomatic solutions, 
potentially affecting regional power dynamics and future maritime security 
strategies.
The post Iran seizes two vessels in Strait of Hormuz, UK naval response 
unlikely appeared first on Crypto Briefing.

Cryptocurrency price in VEF