Several altcoins are posting massive gains despite Dogecoin&#8217;s downward trend, with Voxies (VOXEL) and Broccoli leading with triple-digit increases over the past 24 hours. Voxies has surged 178.8% in the last 24 hours, trading at $0.1166 from a low of…

Voxies surges 180% and Broccoli jumps 140% as Dogecoin slumps

Cryptocurrency exchange Bitget discovered &#8220;abnormal trading activity&#8221; on the 
VOXEL/USDT perpetual futures contract on April 20, between 8:00 to 8:30 UST, 
and paused accounts that the exchange suspected of market manipulation.
According to an April 20 announcement from the exchange, Bitget will roll back 
the accounts suspected of market manipulation within 24 hours, clawing back 
gains made from the trades.
Bitget CEO Gracy Chen told Cointelegraph the trades were between individual 
market participants and not the platform itself. Chen also said that the 
losses are not platform-wide and that user funds remain safe.
_VOXEL-USDT perpetual futures contract spikes by over 138% in a single day. 
Source:__TradingView_
The crypto exchange also plans to compensate users who suffered losses due to 
the alleged market manipulation and will announce a compensation plan soon, 
Chen confirmed to Cointelegraph. The Bitget CEO added:
&gt; &#8220;For any residual losses, Bitget is fully prepared to offer compensation. 
&gt; Our $300 million protection fund provides more than sufficient backing to 
&gt; support our users in such events, assuring that user assets remain secure.&#8221;
The incident has called into question the obligations of exchanges under 
pressure from trading abnormalities and electronic trading bugs, with some 
traders comparing the Bitget incident to the Hyperliquid-Jelly exploit in 
March 2025.
_**Related:**__**Hyperliquid JELLY &#8216;exploiter&#8217; could be down $1M, says 
Arkham**_
## Hyperliquid debacle all over again?
On March 26, a trader &#8220;exploited&#8221; the price of the Jelly-my-Jelly (JELLY) 
memecoin on the Hyperliquid exchange by hedging a long position against an 
equivalent short position.
The price of JELLY pumped by over 400%, triggering a liquidation of the short 
positions. However, because the position was too large, it was sent through 
the Hyperliquidity Provider Vault (HLP).
_JELLY memecoin surges by over 400% during Hyperliquid incident. 
Source:__TradingView_
In response to the trading activity, Hyperliquid delisted JELLY perpetual 
contracts, drawing widespread condemnation from the crypto community.
Bitget CEO Gracy Chen was among the most vocal critics of Hyperliquid, 
slamming the exchange for delisting Jelly and causing financial losses for 
users.
&#8220;The decision to close the JELLY market and force settlement of positions at a 
favorable price sets a dangerous precedent. Trust &#8212; not capital &#8212; is the 
foundation of any exchange,&#8221; Chen wrote in a March 26 X post.
_**Magazine:**__**DeFi will rise again after memecoins die down: Sasha Ivanov, 
X Hall of Flame **_

Bitget detects irregularity in VOXEL-USDT futures, rolls back accounts

Dogecoin has been trading in a tight range lately, with its price movement 
increasingly narrowing over the past few days between $0.15 and $0.16. This 
increasingly narrowing range comes off a wider downside consolidation move 
since the beginning of April, which has led to the creation of a triangle 
pattern on the 4-hour candlestick timeframe chart. Related Reading: Today’s 
$1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says As it stands, 
Dogecoin is trying to recover from earlier losses in April, and a recent 
higher low points to growing bullish activity that could send it pushing above 
the upper trendline of the triangle pattern in the coming week. Analyst Notes 
Classic Market Indecision In Dogecoin Structure Crypto analyst Trader 
Tardigrade recently brought attention to Dogecoin’s current price structure in 
a post shared on the social media platform X, noting a converging triangle 
formation that reflects growing indecision in the market. According to his 
analysis, Dogecoin’s price action has transitioned from a clear downtrend 
(visible throughout late March and extending into the first week of April) 
into a state of consolidation that has persisted over the past two weeks. 
Looking at the resulting triangle formation on the 4-hour candlestick 
timeframe chart, it is easy to infer that both buyers and sellers are 
exercising caution. Buyers are reluctant to enter at higher levels, while 
sellers seem unwilling to push prices lower, creating a narrowing band of 
price action since April 15. The result is a compression of volatility, which 
could break out in either direction. Image From X: Trader Tardigrade What 
Comes After The Indecision Phase? As shown in the Dogecoin price chart above, 
the memecoin is now approaching the tip of the triangle. In this particular 
case, the structure leans toward a bullish breakout, with market behavior 
showing signs of upward pressure building beneath the surface by a 2.77% 
increase in trading volume in the past 24 hours. Trader Tardigrade projected 
an uptrend that cancels out the downtrend in late March, following the classic 
pattern of a downtrend, indecision, and a resulting uptrend. A strong bullish 
candle that closes above the upper trendline of the triangle is important to 
validate the predicted uptrend. Trader Tardigrade’s projection shows that if 
such a move occurs, Dogecoin could reclaim the $0.20 level within a relatively 
short time frame before the end of the month. Dogecoin opened the month of 
April at $0.166. As such, a clean upside breakout followed by a sustained 
close above $0.20 would mark a positive finish for Dogecoin in April. Related 
Reading: BNB Weathers The Storm Better Than Altcoins, Stats Show Such a 
positive monthly close would likely influence market sentiment heading into 
May and possibly invite increased buying activity. It would also help confirm 
that the recent period of bearishness is over and help reestablish a bullish 
structure. At the time of writing, Dogecoin was trading at $0.1573 Featured 
image from 21Shares, chart from TradingView

Dogecoin Price Squeezes Into Triangle With Breakout Closing In

Dogecoin is stirring intrigue at $0.1560, with a slight 0.32% daily uptick, a 
3.20% weekly dip, and a 10.45% monthly drop, holding a $23.23 billion market 
cap. A crypto analyst, Ali, reveals that a striking 72.13% of Binance users 
are long…

Dogecoin supporters are 72% long — do they know something we don’t?

Bitcoin stumbles at Powell’s comments, Standard Chartered sees XRP soaring 
500%, altcoin market 41% drop signals possible crypto winter, and more in this 
Week in Review. Week in Review Bitcoin wavered but ultimately recovered 
following market turbulence triggered by Fed Chair Jerome Powell’s remarks. 
Meanwhile, Standard Chartered made waves by predicting XRP could soar 500% […]

Bitcoin Stumbles at Powell’s Comments, Standard Chartered Sees XRP Soaring 500% — Week in Review

Popular crypto analyst Tony Severino has shared a bold take on the current 
Bitcoin (BTC) market structure. The chartered market technician has stated 
that the Bitcoin bull market remains active unless the price falls below a 
specific level. Notably, Bitcoin saw a heavy correction after hitting a peak 
price of $109,000 in January. Over the last three months, the premier 
cryptocurrency has traded as low as $74,000, representing a devaluation of 
over 32.5%. Although there has been a notable price bounce in April, an ever- 
present market uncertainty means speculation remains abound on the viability 
of the present bull cycle. Related Reading: Bitcoin Dominance At Risk Of Crash 
To 40%, Why This Is Good For Ethereum, XRP, And Altcoins $49,000 As Key Price 
Level For Bitcoin &#8211; Here&#8217;s Why In an X post on April 18, Severino has 
identified the $49,000 price region as the make-or-break zone for the Bitcoin 
market. With the help of a weekly trading chart, Severino highlights that 
Bitcoin remains on an ascending trendline stretching as far back as Q3 2023. 
An ascending trendline represents a sustained uptrend in price action, 
typically confirmed by the formation of successive higher highs and higher 
lows. It typically demonstrates a persistent buying pressure and sufficient 
underlying demand, thus ensuring a prolonged price rally. Generally, the 
higher lows reflect the strength of an ascending trend. Therefore, any fall 
below the previous higher low undermines the bullish momentum and indicates a 
likely change in market sentiment. According to Severino’s chart, the last 
higher low on Bitcoin’s ascending trendline stands at $49,140. Therefore, this 
level represents a key support region, any price fall below which would 
invalidate the present bull run and signal a new market cycle. At the time of 
writing, Bitcoin remains in consolidation trading between $83,000 and $86,000 
as seen over the past week. The market appears to be finding stability with 
accumulation now on the rise. Amid the US 90-day pause on new tariffs, the 
likelihood of a sharp downside catalyst is relatively low. However, the 
potential for a decisive price breakout remains uncertain, as broader market 
sentiment continues to face key resistance barriers at $86,000 and $91,000 
price regions. Related Reading: Brace For Impact: Dogecoin May Plunge Before 
Skyrocketing 400%—Analyst Bitcoin Price Forecast At press time, Bitcoin is 
trading at $85,312, reflecting a price gain of 0.91% in 24 hours. 
Interestingly, the asset’s trading volume is up 19.77% and valued at $15.26 
billion. According to price prediction firm Coincodex, market sentiment among 
investors is neutral. However, there remains a significant level of caution 
with the Fear &amp; Greed Index standing at 37. In forecasting Bitcoin fortunes, 
Coincodex anticipates a full bullish market reversal with projections of 
$108,296 in five days and $111,236 in a month. Featured image from Adobe 
Stock, chart from Tradingview