The brief Dogecoin (DOGE) price rally last week following Tesla CEO Elon Musk’s bid to buy Twitter appears to be fizzling out, with DOGE closing the week over 8% higher. DOGE's price dropped to $0.142 on April 17, three days after peaking out locally at $0.149. The Dogecoin correction, albeit modest, increased the potential to trigger a classic bearish reversal pattern with an 85% success rate of reaching its downside target. DOGE price eyes drop under $0.10 Dubbed “head and shoulders” (H&S), the pattern appears when the price forms three peaks in a row, with the middle one (the “head”) …

Cardano’s (ADA) price risks undergoing a severe correction in the next few months despite touting its blockchain network’s bolstering growth and a “major” hard fork event in June. Descending channel hints at ADA sell-off ahead ADA, which makes up about 1.75% of the total crypto market capitalization, has been trending lower since September 2021 inside a “descending channel” pattern that has successfully capped its multiple upside attempts, as illustrated in the chart below. The channel showed further strength as ADA broke above its upper trendline on March 27 only to reverse entirely in later sessions, showing a lack of conviction …

The world’s energy market is rapidly evolving, moving from hydrocarbon plants to a future centered around clean energy enabled by wind and solar power. As such, today’s energy market is shifting to an increasingly decentralized, real-time model based on distributed energy resources (DERs) including battery energy storage systems, solar arrays, natural gas generators and more. Recent findings from Allied Market Research show that the global distributed energy generation market size was valued at $246.4 billion in 2020, yet this number is predicted to reach $919.6 billion by 2030. Web3 technologies for managing energy assets Given today’s advancing energy market, Jesse …

Ripple's XRP took a break from its prevailing downtrend as its price rebounded from $0.68 to $0.72 in the last three days. Ripple scores vs. SEC Traders returned to buying XRP after a U.S. court denied the U.S. Securities and Exchange Commission's (SEC) request to shield internal documents related to June 2018 speech made by its former director William Hinman, wherein he said Bitcoin (BTC) and Ether (ETH) are not securities. To recap, SEC filed a lawsuit against Ripple, a San Francisco payment services company, in 2020, alleging that it and its executives Brad Garlinghouse and Christian Larsen conducted illegal …

ApeCoin's (APE) market valuation could grow by nearly 250% in the second quarter of 2022 as it breaks out of a widely-tracked, classic technical pattern. APE price "bull pennant" breakout underway On April 13, APE's price broke above the upper trendline of what appears to be a "bull pennant" chart pattern. Bull pennants appear when the price consolidates inside a triangle-like structure following a strong uptrend. Many traditional analysts consider them as continuation patterns, for they typically result in the price breaking out in the direction of its previous trend. As a rule, traders estimate a bull pennant's upside target …

Shiba Inu (SHIB) prices soared on April 12 upon its debut on Robinhood, a U.S.-based commission-free trading platform. SHIB price climbed by more than 35% to 0.00003, its highest level in almost two months, before paring some gains. Nonetheless, SHIB was still on track to log its best daily performance since Feb. 6 when it rallied by nearly 27%. Strong crypto revenues precede SHIB's listing Robinhood emerged as a go-to avenue for everyday investors since the pandemic's start in March 2020. Last year, the retail brokerage added 10 million funded accounts to its platform, with more than half of the …

Ethereum's native token Ether (ETH) has dropped about 17% against the U.S. dollar in the last two weeks. But its performance against Bitcoin (BTC) has been less painful with the ETH/BTC pair down 4.5% over the same period. The pair's down-move appears as both ETH/USD and BTC/USD drop nearly in lockstep while reacting to the Federal Reserve's potential to hike rates by 50 basis points and slash its balance sheet by $95 billion per month. The latest numbers released today show that consumer prices rose 8.5% in March, the most since 1981. ETH/BTC triangle breakout Several technicals remain bullish despite …

Terra (LUNA) price slid on April 11 as a broader correction across crypto assets added to the uncertainties concerning its token burning mechanism. Bitcoin (BTC) and Ether (ETH) led to a decline in the rest of the cryptocurrency market, with LUNA's price dropping by over 8% to nearly $91.50, and about 30% from its record high of $120, set on April 6. The overall drop tailed similar moves in the U.S. stock market after the Federal Reserve last week signaled its intentions to raise interest rates and shrink balance sheets sharply to curb rising inflation. Arthur Hayes, the co-founder of …

Axie Infinity (AXS) price has fallen by nearly 30% two weeks after losing $625 million to a hacking incident involving its play-to-earn gaming platform's underlying blockchain, the Ronin Network. AXS/USD dropped to $46.69 on Monday, its lowest level since March 16, signaling a dampening buying sentiment among traders and investors following the hacking incident. Independent market analyst TJ asserted that there is "no sign of buyers" even with the price entering areas with a history of attracting accumulators. For instance, AXS broke below the demand zone that TJ highlighted as a potential inflection point during the weekend, a move that …

Privacy-focused cryptocurrency Monero (XMR) rallied by nearly 9.5% in the past week compared with the crypto market's decline of 8.5% in the same period. What's more, the XMR/USD pair has broken above a strong, multi-month resistance trendline, hinting at more upside ahead. XMR price action XMR's price was down by a modest 0.87% on April 10 from its two-month-high of $245 established a day before. However, the cryptocurrency still outperformed its top rivals, including Bitcoin (BTC) and Ether (ETH), on a weekly timeframe. Speculations about entities using Monero to bypass sanctions could have boosted its appeal among investors. Meanwhile, The …

Solana (SOL) risks crashing 35% in the coming days as it comes closer to painting a so-called "megaphone" pattern. SOL price "megaphone" pattern In detail, megaphone setups consist of a minimum of lower lows and two higher highs and form during a period of high market volatility. But generally, these patterns consist of five consecutive swings, with the final one typically acting as a breakout signal. SOL has been sketching a similar pattern since the beginning of 2022, with the coin undergoing a pullback after testing the megaphone's upper trendline near $140 as resistance — the fourth wing. As a …

Near Protocol (NEAR) has rallied by almost 30% after announcing on April 6 that it had raised $350 million in a funding round led by Tiger Global, a New York-based hedge fund. NEAR price eyes 100% price rally NEAR's price reached over $19.75, just about 2.5% below its all-time high. However, many analysts agreed with the potential for the NEAR/USD pair to reclaim its best level to date, and even rise above it in the coming weeks. Adoption remained the key focus behind the bullish predictions. For instance, Zoran Cole, the founder of the popular Telegram group Crypto Insiders highlighted …