Bitcoin moves in the “opposite direction of retail’s expectations,” which may lead to a price surge lag, Santiment analyst Brian Quinlivan tells Cointelegraph.

Bitcoin may struggle in Q3 as eyes turn to Ethereum’s ‘catch-up’ — Analysts

After posting double-digit gains fueled by a Binance listing, massive airdrop, 
and multi-exchange debut, RESOLV,the governance and rewards token of the 
Resolv stablecoin protocol, has plunged over 20% today. RESOLV (RESOLV) 
dropped sharply on Thursday, falling from a daily high…

RESOLV price crashes after initial rally: what’s going on?

According to market technician Cantonese Cat (@cantonmeow) a single metric—the 
20-month simple moving average—could be the line that could separate another 
vertical rally from a gut-wrenching breakdown for Dogecoin. Currently, DOGE 
sits comfortable above that moving average, now plotted at $0.1751. The black 
curve on Cat’s chart shows only three clean retests of the 20-month SMA since 
2014. All Eyes On Dogecoin’s 20-Month SMA The first came in March 2017, when 
price tapped the average near $0.00020 and then ripped more than 9,000% into 
the January 2018 peak. The second occurred in the winter of 2020, with price 
kissing the average at roughly one-fourth of one cent before the parabolic 
34,500% run to $0.73 the following May. The third and current encounter began 
in August last year when DOGE rallied by more than 480%. As of today, two 
successive monthly candles dipped into the zone just below twenty-cents, but 
both were bought aggressively, leaving higher wicks and preserving the upward 
slope of the average. Cantonese Cat argues that as long as that moving average 
remains intact, “we’re going higher.” A decisive monthly close beneath $0.175 
would, by this read, place the entire structure at risk and could usher in the 
sort of multi-month down-trend that followed the 2018 and 2021 climaxes. 
Related Reading: Dogecoin Faces Make-Or-Break Moment This Month, Predicts 
Analyst TOTAL2 Needs To Break Out Analyst Kevin (@Kev_Capital_TA) overlays 
that micro view on a much broader canvas. His chart tracks the total crypto 
market capitalization ex-Bitcoin (TradingView ticker “TOTAL2”) in monthly 
candles back to 2017. Two bold yellow trend-lines define a seven-year rising 
channel whose upper rail repelled price at the January 2018 and November 2021 
alt-season tops. Since the June 2022 low, the market has carved out an 
ascending triangle: a rising series of higher lows presses against a flat- 
topped supply zone between roughly $1.43 trillion and $1.7 trillion. The apex 
of the triangle now looms; aggregate alt-cap is already worth about $1.2 
trillion — all that stands between the current print and a confirmed breakout 
is a monthly close above the upper edge of that yellow rectangle. Kevin’s 
projection measures the height of the pattern and adds it to the breakout 
level, dropping a vertical marker that intersects the mid-channel near $5.89 
trillion. Kevin’s first Fibonacci extensions target is the 1.618 at $4.06 
trillion. Higher extensions at 1.886, 2.0 and 2.618 cluster around $4.57 
trillion, 5.89 trillion and $6.9 trillion respectively, the last of which 
coincides almost exactly with the channel’s ceiling and is circled as the 
analyst’s ultimate upside objective. Related Reading: Dogecoin Primed For 
Liftoff If It Can Break This Barrier: Key Price Targets Why does that matter 
for Dogecoin? The meme-coin’s two explosive cycles began only after TOTAL2 had 
broken its own prior-cycle high and money poured into non-Bitcoin assets. 
Kevin states that “altcoins are just scratching the surface of what is 
possible in the coming months,” provided that macro-liquidity and regulatory 
factors permit capital rotation out of Bitcoin into the wider market. In that 
scenario the 20-month SMA on DOGE would likely continue to slope higher, 
setting the stage for an explosive move higher. Conversely, failure of the 
alt-cap triangle would make a sustained loss of the SMA far more probable, 
robbing DOGE of its historical launch-pad. For now, the indicator holds—and 
with it the prospect that Dogecoin could be primed for yet another bout of 
furious upside. But as both analysts caution, the monthly close will tell the 
story: above the 20-month SMA and an alt-cap breakout, or below it and back 
into hibernation. At press time, DOGE traded at $0.189. Featured image created 
with DALL.E, chart from TradingView.com

Will Dogecoin Moon Or Crash? This Indicator Holds The Answer

A recent report by the ECB confirms that gold, following a significant rally 
in 2024, has become the second-largest asset held by central banks as a 
reserve. However, the U.S. dollar still represents over 46% of all funds held 
by these institutions. ECB Report Acknowledges Gold Reached Second Place 
Amidst World&#8217;s Reserve Assets A recent […]

ECB Confirms Gold Dethroned the Euro as the Second Reserve Asset

Hong Kong Customs is partnering with the University of Hong Kong to develop a 
new tool for tracing cryptocurrency transactions, aiming to combat rising 
virtual asset-related money laundering activity. The partnership comes as 
authorities reveal seven suspected cases totaling more…

Hong Kong developing tool to track crypto-based money laundering: report

Tether’s investment in Canada’s Elemental Altus Royalties follows the 
company’s strategy to “integrate long-term, stable assets such as gold and 
Bitcoin in its ecosystem.”