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This Analyst Predicted The Dogecoin Price Crash â Hereâs The Rest Of The Forecast
The Dogecoin price has crashed alongside the rest of the crypto market, and this has led to the break of a very important support level. This crash below $0.18 has signaled a turn in the tide, and this could trigger the next wave of declines. A crypto analyst had previously predicted this market decline, calling it before it began. However, it is not all bad news for the meme coin as longer timeframes offer more bullish options as time goes by. Dogecoin Price Still Bullish On The Long-Term Crypto analyst Master Ananda forecasted in a TradingView post where the Dogecoin price could be headed next. At the time of the post, the Dogecoin price was still trading close to the $0.2 level, and the market was still on an upward trajectory. While positive sentiment seemed to be returning to the market at that time, the analyst was calling out the possibility of a pullback. Related Reading: Bitcoin Bears Back In Control After $110,000 Rejection, What Comes Next? Master Ananda explained that the Dogecoin price was still quite bearish, but this was only on the short-term timeframe. This leaves out only the long-term timeframe for the bullishness, and so far, the meme coinâs market trend seems to be playing out the way the crypto analyst predicted. He called for a correction, using the April 2025 low as a basis and the lower highs that had formed as a result. This had begun back in December 2024 when the Dogecoin price had begun putting in lower highs, suggesting that there was bearishness building up in the market. Presently, as the Dogecoin price has dropped back below the $0.18 support, the analyst simply pointed out that it was a continuation of the decline that had begun on May 11 after the market recovery. While this is bearish for the short-term, suggesting there could be a bit more correction to go, the analyst doesnât expect it to last long. Where Could The DOGE Price Go From Here As for the bottom of the current Dogecoin price correction, Master Ananda expects the price to bottom above the April 7 lows, which were above $0.13. This would put the meme coin at around $0.15 before the bottom is in, and then the recovery is expected to begin. Related Reading: Altcoin Season Just Flashed A Golden Cross Amid Crypto Market Recovery The crypto analyst urged investors, especially those holding spot bags, to wait for the dust to settle. After this, he expects the altcoin to turn bullish again. For traders going short, he advises caution and not to hold the trade for too long, as the range is short. âWe are very likely to get a higher low compared to 7-April,â Master Ananda predicted. âIf too many leveraged positions are open though and the market wants to remove those, there can be a long wick that pierces support for the action to recover the next day.â Featured image from Dall.E, chart from TradingView.com
Bitcoin To See âChoppyâ Next Few Weeks, Will BTC Retest The Range Lows?
After hitting a one-week low on Thursday, Bitcoin (BTC) is attempting to reclaim the key $104,000-$105,000 area as support, but some analysts have warned that a visit to its rangeâs lows could be in BTCâs short-term future if volatility continues. Related Reading: ONDO To Repeat 2024âs âParabolicâ Run? Analyst Anticipates 130% Rally Soon Bitcoin to Continue Choppy Performance On Thursday afternoon, Bitcoin dropped 5.5% to the $102,000 support fueled by the news of the Iran-Israel conflict. Amid the market pullback, the flagship crypto failed to hold its $108,000-$110,000 three-day range, falling to the mid-zone of its post-November breakout range. Notably, BTC had just recovered from last weekâs retest of the $100,000 level, reclaiming the key $106,800 area as support earlier this week. Daan Crypto Trades noted that the cryptocurrency âsaw a clear trigger on that retest of the range high,â driven by the headlines of the Middle East turmoil, as it is âstill quite a volatile and headline-driven market currently.â Bitcoin took the liquidity above and below its local price range, the analyst explained, adding that it is âalready starting to trade more like the choppy (pre) summer environmentâ he had forecasted. Despite the drop, the analyst highlighted that the range high remains the key level for a larger move up: I think the range high is a key area for the Bulls to hold on to. If not, I think thereâs a case to be made for a local high to be put in and for the market to move back further within this range. At this point, Iâm fairly certain that if price breaks either the current monthly high or low, it will keep trending that direction for the rest of June (and possibly beyond). However, he suggested investors be cautious until BTC price breaks back above the range high convincingly and holds it as support on the higher timeframes. âDonât chop yourself up in the next few weeks/months,â he warned. Volatility Could Send BTC To Range Lows Analyst Carl Runefelt from The Moon Show highlighted a potential double top pattern forming on BTCâs 4H chart, noting that if the price didnât bounce from the previous descending resistance, reclaimed a week ago, it could further drop into the mid-zone of its range. According to the analysis, if it loses the mid-range, BTC could risk a retest of the range lows, around the $90,000-$92,000 area. Similarly, market watcher Merlijn The Trader suggested that Bitcoin could fill the lower CME gaps if the war narrative intensifies. BTC opened two CME gaps between the end of April and the start of May, situated at the $92,500 and $97,300 levels, respectively. Nonetheless, the trader considers that this could serve as a discount entry for investors, as BTC âalready left higher CME gaps open,â signaling that a rebound to the levels is likely. Moreover, he noted that Bitcoin is displaying the same structure as last year, which could hint at a massive rally brewing. In 2024, the cryptocurrency faced rejection from a multi-month descending resistance following its all-time high (ATH) rally, which set the Range high level. Related Reading: Ethereum Prepares For Massive Run After $2,800 Reclaim â âUp Onlyâ Ahead? According to the post, after the liquidity grab, BTC broke out of the key downtrend line, was rejected from the range high, and retested the descending resistance as support before a new rally. In 2025, Bitcoin appears to be following this path, currently retesting the descending resistance after the breakout. âIf you know the pattern, you know what comes next,â he concluded. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum ETF Frenzy: Inflows Jump 5x While Bitcoin Stalls
Data shows the Ethereum spot exchange-traded funds (ETFs) have seen weekly inflows five times the recent average, while Bitcoin has seen a slowdown in momentum. Ethereum Spot ETFs Have Seen 154,000 ETH In Inflows This Week In a new post on X, the analytics firm Glassnode has talked about the latest trend in the netflow related to the US-based Ethereum spot ETFs. The âspot ETFsâ refer to investment vehicles that allow an alternate means of exposure to a given asset. This means that with a spot ETF, a trader can âinvestâ into an asset without having to directly own it. In the context of cryptocurrencies, this is especially relevant, as the ETFs trade on traditional platforms. Some investors may not want to fiddle with digital asset exchanges and wallets, so the ETFs offer them a familiar path into cryptocurrencies. Related Reading: Tron Has Plenty Of Room For A 2025 Bull Run, Risk Metric Signals The option of the spot ETFs is a relatively recent one in the sector, with Bitcoinâs version gaining approval from the US Securities and Exchange Commission (SEC) at the start of 2024 and Ethereumâs in mid-2024. Below is a chart that shows how the netflows related to the latterâs spot ETFs have looked during the past month. From the graph, itâs visible that the Ethereum US spot ETFs have been witnessing net inflows for the last few weeks, a sign that there has been demand for the coin from the traditional investors. âThis week alone, theyâve seen 154K ETH in inflows â 5x higher than their recent weekly average,â notes Glassnode. âFor context: the biggest single-day ETH inflow this month was 77K ETH on June 11th.â While the trend has been that of growth for Ethereum, it has looked a bit more mixed when it comes to the number one digital asset, Bitcoin. As displayed in the above graph, the Bitcoin US spot ETFs have also seen positive netflows this week. The scale of the inflows, however, hasnât been anything impressive, as only around 7,800 BTC has entered into the ETFs. This is above average, but far lower than the highs witnessed in May, when at one point the daily inflow had reached a peak of 7,900 BTC, more than the inflows for the entire current week. Related Reading: Bitcoin Options Traders Expect QuietâBut On-Chain Data Suggests Chaos Last week, the Bitcoin spot ETFs witnessed an outright negative netflow, so it seems the momentum has recently just been slower for the asset. In contrast, things have looked much more green for Ethereum indeed. ETH Price While Ethereum has been seeing consistent ETF inflows, its price has still underperformed against Bitcoin over the past day as it has dropped to $2,540, a decline of 7% compared to BTCâs 2% loss. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
This Analyst Predicted The Dogecoin Price Crash â Hereâs The Rest Of The Forecast
The Dogecoin price has crashed alongside the rest of the crypto market, and this has led to the break of a very important support level. This crash below $0.18 has signaled a turn in the tide, and this could trigger the next wave of declines. A crypto analyst had previously predicted this market decline, calling it before it began. However, it is not all bad news for the meme coin as longer timeframes offer more bullish options as time goes by. Dogecoin Price Still Bullish On The Long-Term Crypto analyst Master Ananda forecasted in a TradingView post where the Dogecoin price could be headed next. At the time of the post, the Dogecoin price was still trading close to the $0.2 level, and the market was still on an upward trajectory. While positive sentiment seemed to be returning to the market at that time, the analyst was calling out the possibility of a pullback. Related Reading: Bitcoin Bears Back In Control After $110,000 Rejection, What Comes Next? Master Ananda explained that the Dogecoin price was still quite bearish, but this was only on the short-term timeframe. This leaves out only the long-term timeframe for the bullishness, and so far, the meme coinâs market trend seems to be playing out the way the crypto analyst predicted. He called for a correction, using the April 2025 low as a basis and the lower highs that had formed as a result. This had begun back in December 2024 when the Dogecoin price had begun putting in lower highs, suggesting that there was bearishness building up in the market. Presently, as the Dogecoin price has dropped back below the $0.18 support, the analyst simply pointed out that it was a continuation of the decline that had begun on May 11 after the market recovery. While this is bearish for the short-term, suggesting there could be a bit more correction to go, the analyst doesnât expect it to last long. Where Could The DOGE Price Go From Here As for the bottom of the current Dogecoin price correction, Master Ananda expects the price to bottom above the April 7 lows, which were above $0.13. This would put the meme coin at around $0.15 before the bottom is in, and then the recovery is expected to begin. Related Reading: Altcoin Season Just Flashed A Golden Cross Amid Crypto Market Recovery The crypto analyst urged investors, especially those holding spot bags, to wait for the dust to settle. After this, he expects the altcoin to turn bullish again. For traders going short, he advises caution and not to hold the trade for too long, as the range is short. âWe are very likely to get a higher low compared to 7-April,â Master Ananda predicted. âIf too many leveraged positions are open though and the market wants to remove those, there can be a long wick that pierces support for the action to recover the next day.â Featured image from Dall.E, chart from TradingView.com
Bitcoin To See âChoppyâ Next Few Weeks, Will BTC Retest The Range Lows?
After hitting a one-week low on Thursday, Bitcoin (BTC) is attempting to reclaim the key $104,000-$105,000 area as support, but some analysts have warned that a visit to its rangeâs lows could be in BTCâs short-term future if volatility continues. Related Reading: ONDO To Repeat 2024âs âParabolicâ Run? Analyst Anticipates 130% Rally Soon Bitcoin to Continue Choppy Performance On Thursday afternoon, Bitcoin dropped 5.5% to the $102,000 support fueled by the news of the Iran-Israel conflict. Amid the market pullback, the flagship crypto failed to hold its $108,000-$110,000 three-day range, falling to the mid-zone of its post-November breakout range. Notably, BTC had just recovered from last weekâs retest of the $100,000 level, reclaiming the key $106,800 area as support earlier this week. Daan Crypto Trades noted that the cryptocurrency âsaw a clear trigger on that retest of the range high,â driven by the headlines of the Middle East turmoil, as it is âstill quite a volatile and headline-driven market currently.â Bitcoin took the liquidity above and below its local price range, the analyst explained, adding that it is âalready starting to trade more like the choppy (pre) summer environmentâ he had forecasted. Despite the drop, the analyst highlighted that the range high remains the key level for a larger move up: I think the range high is a key area for the Bulls to hold on to. If not, I think thereâs a case to be made for a local high to be put in and for the market to move back further within this range. At this point, Iâm fairly certain that if price breaks either the current monthly high or low, it will keep trending that direction for the rest of June (and possibly beyond). However, he suggested investors be cautious until BTC price breaks back above the range high convincingly and holds it as support on the higher timeframes. âDonât chop yourself up in the next few weeks/months,â he warned. Volatility Could Send BTC To Range Lows Analyst Carl Runefelt from The Moon Show highlighted a potential double top pattern forming on BTCâs 4H chart, noting that if the price didnât bounce from the previous descending resistance, reclaimed a week ago, it could further drop into the mid-zone of its range. According to the analysis, if it loses the mid-range, BTC could risk a retest of the range lows, around the $90,000-$92,000 area. Similarly, market watcher Merlijn The Trader suggested that Bitcoin could fill the lower CME gaps if the war narrative intensifies. BTC opened two CME gaps between the end of April and the start of May, situated at the $92,500 and $97,300 levels, respectively. Nonetheless, the trader considers that this could serve as a discount entry for investors, as BTC âalready left higher CME gaps open,â signaling that a rebound to the levels is likely. Moreover, he noted that Bitcoin is displaying the same structure as last year, which could hint at a massive rally brewing. In 2024, the cryptocurrency faced rejection from a multi-month descending resistance following its all-time high (ATH) rally, which set the Range high level. Related Reading: Ethereum Prepares For Massive Run After $2,800 Reclaim â âUp Onlyâ Ahead? According to the post, after the liquidity grab, BTC broke out of the key downtrend line, was rejected from the range high, and retested the descending resistance as support before a new rally. In 2025, Bitcoin appears to be following this path, currently retesting the descending resistance after the breakout. âIf you know the pattern, you know what comes next,â he concluded. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum ETF Frenzy: Inflows Jump 5x While Bitcoin Stalls
Data shows the Ethereum spot exchange-traded funds (ETFs) have seen weekly inflows five times the recent average, while Bitcoin has seen a slowdown in momentum. Ethereum Spot ETFs Have Seen 154,000 ETH In Inflows This Week In a new post on X, the analytics firm Glassnode has talked about the latest trend in the netflow related to the US-based Ethereum spot ETFs. The âspot ETFsâ refer to investment vehicles that allow an alternate means of exposure to a given asset. This means that with a spot ETF, a trader can âinvestâ into an asset without having to directly own it. In the context of cryptocurrencies, this is especially relevant, as the ETFs trade on traditional platforms. Some investors may not want to fiddle with digital asset exchanges and wallets, so the ETFs offer them a familiar path into cryptocurrencies. Related Reading: Tron Has Plenty Of Room For A 2025 Bull Run, Risk Metric Signals The option of the spot ETFs is a relatively recent one in the sector, with Bitcoinâs version gaining approval from the US Securities and Exchange Commission (SEC) at the start of 2024 and Ethereumâs in mid-2024. Below is a chart that shows how the netflows related to the latterâs spot ETFs have looked during the past month. From the graph, itâs visible that the Ethereum US spot ETFs have been witnessing net inflows for the last few weeks, a sign that there has been demand for the coin from the traditional investors. âThis week alone, theyâve seen 154K ETH in inflows â 5x higher than their recent weekly average,â notes Glassnode. âFor context: the biggest single-day ETH inflow this month was 77K ETH on June 11th.â While the trend has been that of growth for Ethereum, it has looked a bit more mixed when it comes to the number one digital asset, Bitcoin. As displayed in the above graph, the Bitcoin US spot ETFs have also seen positive netflows this week. The scale of the inflows, however, hasnât been anything impressive, as only around 7,800 BTC has entered into the ETFs. This is above average, but far lower than the highs witnessed in May, when at one point the daily inflow had reached a peak of 7,900 BTC, more than the inflows for the entire current week. Related Reading: Bitcoin Options Traders Expect QuietâBut On-Chain Data Suggests Chaos Last week, the Bitcoin spot ETFs witnessed an outright negative netflow, so it seems the momentum has recently just been slower for the asset. In contrast, things have looked much more green for Ethereum indeed. ETH Price While Ethereum has been seeing consistent ETF inflows, its price has still underperformed against Bitcoin over the past day as it has dropped to $2,540, a decline of 7% compared to BTCâs 2% loss. Featured image from Dall-E, Glassnode.com, chart from TradingView.com