The U.S. dollar's ability to continue its rally in Q2 could prove fatal for Bitcoin (BTC), which has demonstrated inverse correlation with the dollar since January 2022. Dollar paints "bull flag" The U.S. dollar index (DXY), which measures the greenback's strength against a basket of foreign currencies, reached its 21-month trading high of 99.82 on April 7, the highest level since May 2020. The index now looks poised to continue its upside move further as it breaks out of a classic bullish continuation pattern — called a "bull flag." In detail, bull flags appear when the price consolidates lower inside …

Waves (WAVES) lost around half its value in April so far and risks further correction due to weakening technical and fundamental factors. WAVES price risks another 30% decline WAVES dropped from nearly $64 on March 31 to around $27.50 on April 7 — down by over 55%. As it fell, the WAVES/USD pair also broke below a key support confluence, hinting further correction. Notably, the confluence comprises WAVES' 50-day exponential moving average (50-day EMA; the red wave) and the 61.8% Fib line of the Fibonacci retracement graph — drawn from $64-swing high to $8.34-swing low. Now broken, they suggest that …

It’s a great time to move Bitcoin (BTC) between wallets and exchanges. Bitcoin transaction fees have hit all-time lows in BTC, according to research by Galaxy Digital. #bitcoin fees are at all-time lows. the craziest thing? fall 2021 was the first bull run not accompanied by a major spike in fees. how is that possible? what does it mean? here's a thread explaining the most confounding (and awesome) chart in bitcoin. (remember june 2021) pic.twitter.com/gnWssTckX2 — Alex Thorn (@intangiblecoins) April 5, 2022 As shown on the graph below, the Bitcoin mean transaction fee has plummeted to 0.00004541 Bitcoin ($2.06) in …

Three market catalysts suggest that Ethereum's native token Ether (ETH) is well-positioned to reach $4,000 this month. Google searches for "Ethereum merge" spike Internet users' interest in Ethereum's upcoming network upgrade, dubbed "the Merge," surged substantially in the week ending April 2, Google Trends' data shows. Searches for the keyword "Ethereum Merge" reached a perfect Google Trends score of 100 on a 12-month timeframe with most traffic coming from the U.S., Singapore, Canada, and Australia. Merge, also called ETH 2.0, refers to the Ethereum network's full transition to Proof-of-Stake (PoS) from Proof-of-Work (PoW), a development that had been touted as …

Dogecoin (DOGE) continues its rebound move four weeks after bottoming near $0.10 and is now promising more upside moves in Q2/2022. Dogecoin price nears two-month highs DOGE's price had risen by nearly 6.5% week-to-date to $0.15 a token. The coin's recent gains surfaced after Elon Musk disclosed his $3-billion stake in Twitter on Monday, reiterating his influence on its market. Musk has been a big supporter of the Dogecoin community, including his decision to accept DOGE payments at his company Tesla's online merchandise store. As Cointelegraph reported, Musk’s investment could help push Twitter’s crypto initiatives forward and even see DOGE …

Neutrino Dollar (USDN), a stablecoin issued through Waves-backed Neutrino protocol, lost its U.S. dollar-peg on April 4 amid speculations that it could become "insolvent" in the future. USDN plunges 15% despite WAVES backing USDN dropped to as low as $0.822 on Monday with its market capitalization also diving to $824.25 million, down 14% from its year-to-date high of $960.25 million. Interestingly, the stablecoin's plunge occurred despite Neutrino's claims of backing its $1-peg via what's called "over collateral," i.e., when the total value of Waves (WAVES) tokens locked inside its smart contract is higher than the total USDN minted, also called …

Solana (SOL) jumped past a critical resistance level that had limited its recovery attempts during the November 2021-March 2022 price correction multiple times, thus raising hopes of more upside in April. Solana flips key resistance to support To recap, SOL's price underwent extreme pullbacks upon testing its multi-month downward sloping trendline in recent history. For instance, the SOL/USD pair dropped by 60% two months after retracing from the said resistance level in December 2021. Similarly, it had fallen by over 40% in a similar retracement move led by a selloff near the trendline in November 2021. But Solana flipped the …

A euphoric price rally by ApeCoin (APE) seen in mid-March appears to be exhausted already thanks to the coin's 70% drop in valuation in the past two weeks — and it may fall further in April. At the core of this bearish outlook is a rising wedge, a technical pattern that forms as the price consolidates upward inside a range defined by two converging ascending trendlines. In a perfect scenario, rising wedges resolve into a bearish breakout, confirmed by a decisive drop below the lower trendline that typically takes the price as low as the maximum wedge's height. ApeCoin has …

Zilliqa (ZIL) continues its supersonic bull run this week after reports that it will officially launch a so-called metaverse-as-a-service (MaaS) platform in April. ZIL rallied nearly 25% in one day to $0.22 a token by Wednesday, its best level since May 13, 2021. Its strong move came as a part of a rebound rally that started March 26 when it was trading for as low as $0.047. As a result, its net gains in the past six days came out to be more than 350%. Metaverse FOMO Traders started flocking to the Zilliqa market a day after it announced the …

WAVES price surged by up to 70% on March 29, reaching a new all-time high around $54. Traders betting against the rise of Waves — the native token of the WAVES blockchain network — suffered losses worth millions of dollars as the WAVES/USD pair extended its recovery to a record level in the past 24 hours. The price rebound, which started on Feb. 22 when WAVES price was at $8.25 caused around $13.75 million worth of liquidations due to crypto-based futures on a 24-hour adjusted timeframe, data from Coinglass shows. Around $11 million of the total liquidated positions were short. …

The Metaverse may be an emerging concept, but the impact that virtual game-like worlds can have on the trillion-dollar retail industry was recently demonstrated during Metaverse Fashion Week (MVFW). This entirely virtual experience was held from March 24–27, 2022, in Decentraland, a decentralized virtual social platform on the Ethereum blockchain. The online event attracted more than 70 brands, artists and designers including big names like Tommy Hilfiger, Estée Lauder, Philipp Plein, Selfridges and Dolce & Gabbana. Gigi Graziosi Casimiro, head of Decentraland’s Metaverse Fashion Week, told Cointelegraph that MVFW is a diverse event aiming to connect physical and digital fashion …

Terra (LUNA) rose to its best level to date on March 29 as the Luna Foundation Guard's (LFG) plans to increase its Bitcoin (BTC) reserves eased anxiety about the impact of an increasingly hawkish Federal Reserve and the ongoing Ukraine-Russia war on crypto markets. LUNA price hits new record high above $106 LUNA's price breached above the previous record high of $106.29 by minuscule margins, reversing the losses incurred during the selloff between December 2021 and January 2022. The latest price rally pushed Terra token's net capitalization crossed $37.17 billion, now making up 1.76% of the entire crypto market, compared …