Maxine Waters asks the Kansas City Fed to explain Kraken Financial’s master 
account approval, access limits, and safeguards after approval.

Maxine Waters seeks details on Kraken Fed account approval

David Sacks ends his 130-day crypto and AI czar term and moves into a broader 
White House tech advisory role.

David Sacks ends Czar term and joins White House tech council

Circle Internet Group, Inc. and Sasai Fintech have announced a strategic 
collaboration to accelerate the adoption of USDC and strengthen digital 
financial infrastructure across the African continent. Circle and Sasai 
Fintech, a business of Cassava Technologies, launched an initiative to 
integrate internet-native stablecoin payments into the regional economy. The 
partnership focuses on reducing costs and […]

Circle and Sasai Partner to Expand USDC Stablecoin Payments Across Africa

U.S. spot Ethereum exchange-traded funds recorded seven straight days of 
outflows with over $390 million leaving the funds. According to data from 
SoSoValue, the 10 spot ETH ETFs saw $92.54 million in net outflows on 
Thursday, March 26, primarily led…

Ethereum ETFs enter first 7-day outflow streak of the year

As Dogecoin (DOGE) retests a key multi-year support, some analysts predict a 
bearish outlook for the largest memecoin by market capitalization, warning 
that its bottom may not be in yet. Related Reading: Bitwise CIO Projects 
Circle To Hit $75B Valuation By 2030 Despite Selloff, Clarity Act Concerns 
Dogecoin Targets Lower Levels On Thursday, Dogecoin erased most of its early- 
week bounce and retested the $0.090 area once again. Market observer Rekt 
Capital highlighted DOGE’s recent performance, warning that its price 
correction may not be over yet. As he explained, the leading memecoin lost its 
multi-year macro uptrend back in November, when it closed the month below its 
ascending support that had held since early 2023. Therefore, Dogecoin 
officially confirmed its macro downtrend, which started developing after its 
cycle peak of $0.484 during the late 2024 bull run. The analyst noted that 
historically, the cryptocurrency has not retested the macro downtrend line 
until the price is ready to break it and post-breakout retest it. Based on 
this, he warned that the memecoin is “unlikely to test this Macro Downtrend 
anytime soon.” At the moment, DOGE is sitting at its range low, which is also 
a key reaction zone that previously acted as resistance before turning into 
support in 2024. According to Rekt Capital, previous bear market performance 
suggests that Dogecoin will likely lose the current area as support over time, 
but noted that the price could see a rebound as part of a range-bound cluster 
in the meantime. If history is any indicator, then price would likely fall 
well short of the Macro Downtrend and instead reject from the Range High 
resistance (red region). Perhaps even upside wicking beyond it, but still 
falling substantially short of the downtrend itself. The analyst concluded 
that a short-term relief rally remains possible as long as the current level 
holds, but cautioned that it may be lost in the coming months before bottoming 
at significantly lower levels. The Case For DOGE’s Price Despite the bearish 
forecast, other market watchers have shared a more optimistic outlook for the 
memecoin. Analyst Trader Tardigrade recently signaled that Dogecoin may have 
reached its bottom already and could be preparing for its next bull run. Per 
the chart, the cryptocurrency is retesting a historical support for the third 
time. This trendline has held for roughly a decade, and its retests have 
previously preceded major price rallies. The first touch in 2017 led to an 
explosive rally toward its 2018 $0.017 all-time high (ATH), while the second 
retest in 2021 was followed by a massive surge toward its current ATH of 
$0.731. Now, Dogecoin is testing this area again and could begin recovering in 
the short- to mid-term before a massive price expansion to new highs in the 
mid- to long-term, if it follows its past performances. Similarly, the analyst 
has also argued that DOGE’s macro structure remains intact, regardless of 
short-term price action. Last week, he affirmed that the memecoin’s 
performance during each of its ATH rallies “tells the same story—because Doge 
makes its own rules.” Related Reading: Cardano Price At Multi-Year Support 
That Previously Led To 200% Rally – ADA Recovery Ahead? He highlighted that 
the cryptocurrency currently resembles its past ATH performances, nearing the 
end of the falling wedge pattern that has preceded significant price expansion 
to new highs during previous rallies. As a result, he considers Dogecoin to be 
at a “prime accumulation window” before it potentially goes to the moon. 
Featured Image from Unsplash.com, Chart from TradingView.com

Cryptocurrency price in ZAR