Bitcoin
Crypto Analyst Warns Large-Cap Memecoin Could Crash 93%, Outlines Path Forward for Bitcoin, Ethereum and Solana
Published
2 months agoon
By
admin
Analyst and trader Ali Martinez is leaning bearish on a leading memecoin while offering his outlook on three other crypto assets.
Martinez tells his 129,900 followers on the social media platform X that Dogecoin (DOGE) could crash by around 93% from the current level if it breaks down from the lower boundary of an ascending channel – a pattern that has stood intact for over a decade.
“Dogecoin has been trading inside an ascending channel. Since 2014, Dogecoin has tended to rebound from this channel’s lower support trend line to the upper resistance trend line. And from this level, Dogecoin tends to drop back to the lower support trend line and then it rebounds again. Repeating the whole cycle.
But now Dogecoin is at a critical point. If it breaks the $0.19 support level, it could trigger a correction to $0.015.”

An ascending channel is a bullish structure suggesting that an asset is in an uptrend, printing higher highs and higher lows. However, a move below the pattern’s diagonal support may indicate that the asset is primed to enter bear territory.
Dogecoin is trading at $0.211 at time of writing.
Next up is Bitcoin (BTC). Martinez says that based on the Pi Cycle Top indicator, a tool in technical analysis that’s used to predict Bitcoin’s market tops, the crypto king could surge to $150,000 if BTC reclaims the $97,000 level.
Bitcoin is trading at $89,562 at time of writing.
Turning to Ethereum (ETH), Martinez says that it is primed to explode by up to 70% if it moves above a key resistance level.
“Ethereum is testing the lower boundary of this parallel channel. A successful reclaim of $2,350 could fuel a strong recovery toward $3,000 – $4,000!”
Ethereum is trading at $2,245 at time of writing.
Looking at Solana (SOL), Martinez says the altcoin is trading in a right-angled ascending broadening channel and could plunge to $60 if the key support level at around $125 fails to hold.

A right-angled ascending broadening channel suggests that an asset is in an uptrend as it records higher highs while maintaining a horizontal support. A move below the pattern’s support may indicate that a deep drawdown is in sight.
Solana is trading at $147 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Bitcoin
Bitcoin Is About To Begin Outperforming Gold, Says InvestAnswers – Here’s His Timeline
Published
2 hours agoon
April 28, 2025By
admin
A widely followed crypto analyst and trader is forecasting that Bitcoin (BTC) will start outperforming gold.
In a new video update, the host of InvestAnswers tells his 565,000 YouTube subscribers that the top crypto asset by market cap should outpace gold over the coming months, as he says the precious metal looks overextended following its parabolic rally to $3,500.
“If you look at the steady correlation between Bitcoin and Nasdaq, it is extremely tight because Bitcoin is considered a risk asset, [while] gold is considered a risk-off asset. But here, if you look at the Bitcoin/gold correlation, it fluctuates very heavily. Half the time, not correlated; half the time, it is correlated.
So there’s no signal of direct correlation and Bitcoin has already had a great post-halving, and in fact, we had hit a new all-time high before the halving, which has never happened before with Bitcoin. But its correlation with gold remains low.
Now, if I look at this chart and just like a caveman would, what do I interpret? I expect the correlation to increase with gold as the broader dynamics of the market will shift as well. I also believe gold is overbought, so I see gold mean-reverting and I see Bitcoin going up versus gold over the next six months.”
InvestAnswers says a summarized interpretation of his analysis would be that the flagship digital asset is lagging behind gold and will start to outpace the precious metal during the next six months.
BTC is trading for $93,870 at time of writing, a fractional decrease during the last 24 hours while gold is valued at $3,283 per ounce, a marginal decrease on the day.
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Bitcoin
Here’s How Bitcoin Could Boost Demand for US Treasuries, According to Macro Guru Luke Gromen
Published
11 hours agoon
April 28, 2025By
admin
Veteran macro investor Luke Gromen says he likes Bitcoin (BTC) due to its potential to influence demand for US Treasuries.
In a new video update, the founder of the macroeconomic research firm Forest for the Trees (FFTT) says the Trump administration is in a position to boost demand for US bonds after the president signed an executive order creating a Strategic Bitcoin Reserve.
A Bitcoin bull market typically increases demand for dollar-pegged crypto assets, and according to Gromen, could ultimately drive demand for US Treasuries.
“Note that the Trump administration is still talking about putting T-bills (Treasury bills) into stablecoins, using stablecoins as a means to drive demand for T-bills. And obviously, they’ve talked about the Strategic Bitcoin Reserve.
Left unsaid in all of that is that the higher the Bitcoin price, the more stablecoin demand, the more T-bill demand there is…
I think the underlying theme of [the] US government desperately needs balance sheet and stablecoins and therefore Bitcoin can help the US government find balance sheet. I think that is absolutely still in play.
It’s one of the reasons why we still like Bitcoin over the intermediate longer term.”
Stablecoin issuers such as Tether and Circle predominantly rely on Treasury bills to back their coins on a 1:1 basis. As of December 2024, Tether has invested over $94.47 billion in T-bills to back USDT. Meanwhile, Circle owns $22.047 billion worth of T-bills as of February of this year to back USDC.
Additionally, two stablecoin bills that are progressing through Congress, the STABLE Act of 2025 and the GENIUS Act of 2025, require issuers to invest in T-bills and other real-world assets to back their coins.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Bitcoin
Monero’s XMR Rockets 40% as XRP Leads Crypto Majors Gains
Published
15 hours agoon
April 28, 2025By
admin

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
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