On-chain data shows the Dogecoin whale supply has noted an uptick recently, a 
sign that big-money accumulation interest in the memecoin has gone up. 
Dogecoin Whales Have Bought 160 Million DOGE In Just 96 Hours As highlighted 
by analyst Ali Martinez in an X post, the Dogecoin whales have participated in 
net buying recently. &#8220;Whales&#8221; here refer to the large investors of the 
cryptocurrency holding a significant number of tokens in their wallet balance. 
Related Reading: Bitcoin DATs Capitulate—Could This Rare Signal Mark A Bottom? 
Thanks to their large holdings, this cohort can carry some degree of influence 
in the market. As such, its behavior can often be worth keeping an eye on. 
Even if it may not directly impact the asset&#8217;s price, it can still contain 
hints about the sentiment among these humongous entities. Now, here is the 
chart shared by Martinez that shows the recent trend in the supply of the 
Dogecoin whales: As displayed in the above graph, the Dogecoin whale supply 
has observed a jump recently. In total, the whales loaded up on 160 million 
DOGE (worth about $17.7 million) inside a 96-hour window during this 
accumulation spree. The buying from the whales has interestingly come after a 
significant price surge. While the amount involved hasn&#8217;t been too large, the 
fact that the group&#8217;s supply has trended up on the net can still naturally be 
a positive sign for the memecoin as it means that these large investors 
haven&#8217;t taken to profit-taking yet. Though, the indicator could still be to 
monitor for shifts in whale behavior in the coming days as it doesn&#8217;t tend to 
take much for Dogecoin market sentiment to flip. In some other news, Dogecoin 
has been making its way up a possible Parallel Channel, as pointed out by 
Martinez in another X post. A Parallel Channel is a technical analysis (TA) 
pattern that forms whenever an asset trades between two parallel trendlines. 
Parallel Channels can be classified into a few different types based on the 
orientation of the channel with respect to the graph axes, but in the context 
of the current discussion, the simplest Parallel Channel is of interest: one 
with trendlines parallel to the time-axis. From the chart, it&#8217;s visible that 
the 12-hour price of Dogecoin may have been following such a pattern during 
the last couple of months. Earlier, the memecoin had been stuck in the lower 
half of the channel, with the midline at $0.1018 proving to be a resistance 
barrier. The recent price surge has meant, however, that the asset has broken 
out into the upper half. Related Reading: Bitcoin Rejected At Key Cost Basis 
Zone—Is $68,000 The Next Support? The analyst has noted that the next target 
for DOGE could be $0.1172, corresponding to the top level of the channel. DOGE 
Price Dogecoin surged to $0.113 on Sunday night, but the asset has retraced to 
$0.110 to kick off Monday. Featured image from Dall-E, chart from 
TradingView.com

Dogecoin Sees Big-Money Interest: Whales Load Up On 160M DOGE

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Iran accuses US of killing civilians, raising airspace closure risks

A crypto market analyst has shared the key levels to watch as Bitcoin (BTC) 
confirms a key level as support for the first time in months, opening the door 
to a continuation of its April recovery rally. Related Reading: This Signal 
Has Predicted Every Bitcoin Bottom, Here’s What It’s Saying Now Bitcoin EMA 
Reclaim Signals More Upside Potential After closing the week above a crucial 
level, Bitcoin jumped 2.2% to break above the $80,000 resistance for the first 
time since January. The flagship crypto had been trading between $74,000 and 
$79,000 for the past few weeks, failing to reclaim the range’s upper boundary 
despite multiple attempts. On Sunday, BTC closed above the $78,000 mark for 
the second consecutive week, confirming its 21-week Exponential Moving Average 
(EMA) as support. Previously, analyst Rekt Capital highlighted the 21-week and 
50-week EMAs as two key levels for the cryptocurrency’s ongoing rally, 
explaining that these moving averages tend to act as support during bull 
markets and as strong resistance during bear markets. In a Monday analysis, 
the market observer noted that these levels “didn&#8217;t flip into a picture- 
perfect resistance” this time despite losing them as support after its pre- 
bearish crossover at the start of the year. Nonetheless, their divergence 
created a “general supply area” rather than the “general demand area” 
configuration, typically seen during bull markets. Now, “BTC has Weekly Closed 
above the EMA, performed a very volatile retest of it, and Weekly Closed above 
it again.” As a result, Bitcoin is positioned for upside, the analyst 
affirmed, adding that it has the price strength confirmation after last week’s 
close, but it will need continued stability in the absence of a follow-through 
move higher. If trend continuation comes, the analyst suggested that a surge 
deeper into the supply zone is likely, with the 50-week EMA, currently around 
the $86,000-$87,000 area, as the ultimate stop on any upside wick. “Generally, 
though, anything within this supply area is where the price should be 
rejecting and failing to rally higher,” he warned. BTC At Trend Continuation 
Or Rally Ceiling? As Bitcoin attempts to reclaim the $80,000 level, Rekt 
Capital affirmed that the $82,500 region “doesn’t have a defined role.” 
Notably, this crucial horizontal area has served as strong support and marks 
the base of a macro triangle formation that was lost during the February price 
crash. “The first time price reached it, we produced a decent rebound into new 
All Time Highs. The next time the price tagged the same level, we produced a 
much lesser rally, a sign that the support there was already weakening. Now, 
$82,500 doesn’t have a defined role. But we may be defining it as we speak,” 
the analyst stated. Related Reading: Bitcoin Price Expansion To $97,000 Is 
Only Being Blocked By One Pesky Retest He explained that a rejection without 
breaking beyond this resistance would make this the price ceiling, forcing a 
retest of BTC’s old All-Time Highs (ATH) area between $69,000 and $74,000, as 
we are just halfway through the bear market. In addition, Bitcoin has not been 
able to reclaim a macro triangle during this part of the cycle, once the price 
breaks down. Rekt Capital pointed out that to invalidate the Four-Year Cycle 
thesis and call the end of the bear market, BTC would need to break back above 
the macro triangle base on the monthly timeframe and above its macro 
downtrend, located above the $96,000 area. Featured Image from Unsplash.com, 
Chart from TradingView.com

Bitcoin Targets $86,000 After Key EMA Reclaim: Is The Next Rally Here?

Bitcoin trades near $81K as Ali Charts targets $83K resistance, with ETF 
inflows, whale buying and weak on-chain activity shaping the rally.

Bitcoin rally targets $89K after MACD crossover, but can bulls hold?

Iran&#8217;s threats to European bases could escalate regional conflicts, impacting 
global security dynamics and increasing pressure on the regime.
The post Iran threatens European bases amid rising geopolitical tensions 
appeared first on Crypto Briefing.

Iran threatens European bases amid rising geopolitical tensions

Iran&#8217;s firm stance on Hormuz underscores persistent geopolitical tensions, 
potentially prolonging economic instability and impacting global oil markets.
The post Iran solidifies stance on Hormuz amid US blockade tensions appeared 
first on Crypto Briefing.

Dogecoin Sees Big-Money Interest: Whales Load Up On 160M DOGE

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