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After declining by over 20% in a week, Doge found a temporal support today and took a little pause. Bouncing off today’s low, other top meme coins have followed suit, but there's no assurance for a reversal yet. Doge's overall market structure has remained bearish for over three months now as it continues to break lower every week. While several positions have been liquidated on the futures trading, spot traders are still hopeful of a strong recovery while counting heavy losses. However, it may be too late to recover such a loss as the crypto market stylishly signals an ending bullish cycle. Though, there's hope for an increase as the price remains within a buying zone in the long term. A continuous monthly breakdown will confirm a bear season start. Meanwhile, the last 24 hours have marked a tough moment […]
Michael Fasogbon March 12, 2025
In the last month, Bitcoin (BTC) has been reclaiming its dominance in the cryptocurrency market and reached an important milestone as its market share crossed 60% on February 2, 2025. This resurgence has brought forth some new conversations among analysts and traders because the cryptocurrency market appears to be shifting from a phase of rapid expansion to a more stagnant period. Now, Bitcoin's dominance is on a steady rise, while other coins are not maintaining much momentum. The projects that could be called its "copycats," the meme coins, and a fresh batch of newly launched altcoins are showing, if not outright stagnation, then certainly some signs of weakness. They have been underperforming, and in some cases, these new tokens have even collapsed upon their launch. At least two altcoins are down more than 60% this week and another is down […]
Will Izuchukwu March 11, 2025
A whale has made a substantial deposit of 2 million OM tokens, worth an estimated $12.4 million, to Binance, the leading global cryptocurrency exchange. In an impressive show of savvy trading and timing, the whale has followed up this move with a series of other moves as they continue to find success with OM tokens. It seems we might need to give the whale a name soon, given that they are now clearly on a profitable path with this token. This latest event is just the newest chapter in the series of transactions we've seen that have the whale riding the waves of OM's price volatility and ultimately raking in a huge profit. What the whale has done lately makes it appear that they are employing a well-thought-out strategy, which could yield even more nuggets of insight into how they […]
Will Izuchukwu March 11, 2025
A recent and substantial deposit of 3.92 million $USDC made to #Hyperliquid, a decentralized exchange, by a whale has captivated the crypto community. The blockchain was just as bold as the whale. It showcased over the past 17 hours this deep-pocketed investor's significant and confident play to purchase more $HYPE tokens. Despite the current market challenges, this transaction may indicate the whale's long-term belief in the future of the $HYPE token. Currently, the whale possesses 241,876 $HYPE on spot, which amounts to about $3.53 million. But this large position is not without its dangers. The whale's spot holdings are now showing quite an unrealized loss—$1.47 million, to be exact—that's a 29.4% decrease in value. And okay, we get it: these market movements are totally volatile, and no one holding a huge position in any crypto right now is really safe. […]
Will Izuchukwu March 11, 2025
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