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Outperforming altcoins have lost between 20-30% during this downturn. However, in the memecoin niche, the losses have been much larger, with losses reaching 40-60%. $DOGE, $PEPE, and $BONK are being analyzed for potential recovery. For altcoin investors, things have been pretty bleak
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#TopContentChallenge#
Dogecoin’s recent price action has been marked by a significant correction, pulling back sharply after hitting a multi-year high of $0.475 on December 8. Over the past two weeks, the leading meme cryptocurrency has seen a 43% retracement, dropping to a low of $0.267 on December 20. Such corrections are not uncommon for volatile assets like Dogecoin, often serving as a consolidation phase before a potential trend resumption.
Looking at the broader picture, the monthly timeframe reveals a compelling bullish price structure for Dogecoin. Trader Tardigrade has identified an ascending channel pattern, which historically signals a potential bullish breakout when price approaches the upper boundary of a channel. While December has seen a rejection at a higher high within this channel, underlying market dynamics suggest that this may be a temporary pullback rather than a definitive trend reversal.
What makes this scenario particularly interesting is the similarity to late 2020, when Dogecoin showed a similar technical pattern before its explosive rally in 2021. If history repeats itself, Dogecoin could set the stage for a breakout in early 2025, possibly accompanied by a massive bullish monthly candle. This pattern suggests that patient investors may be rewarded if the asset continues its uptrend. While the cryptocurrency’s high volatility poses risks, the current technical outlook provides some hope for Dogecoin enthusiasts.
Dogecoin’s recent price action has been marked by a significant correction, pulling back sharply after hitting a multi-year high of $0.475 on December 8. Over the past two weeks, the leading meme cryptocurrency has seen a 43% retracement, dropping to a low of $0.267 on December 20. Such corrections are not uncommon for volatile assets like Dogecoin, often serving as a consolidation phase before a potential trend resumption.
Looking at the broader picture, the monthly timeframe reveals a compelling bullish price structure for Dogecoin. Trader Tardigrade has identified an ascending channel pattern, which historically signals a potential bullish breakout when price approaches the upper boundary of a channel. While December has seen a rejection at a higher high within this channel, underlying market dynamics suggest that this may be a temporary pullback rather than a definitive trend reversal.
What makes this scenario particularly interesting is the similarity to late 2020, when Dogecoin showed a similar technical pattern before its explosive rally in 2021. If history repeats itself, Dogecoin could set the stage for a breakout in early 2025, possibly accompanied by a massive bullish monthly candle. This pattern suggests that patient investors may be rewarded if the asset continues its uptrend. While the cryptocurrency’s high volatility poses risks, the current technical outlook provides some hope for Dogecoin enthusiasts.
#BitcoinUpdate
@planB
Some argue that there is no power law between bitcoin price and S2F, because a bunch of clusters are not scale invariant. That is incorrect. Below the famous Kleiber power law between metabolic rate and mass, with 3 distinct clusters: unicellular, cold and warm blooded organisms
@planB
Some argue that there is no power law between bitcoin price and S2F, because a bunch of clusters are not scale invariant. That is incorrect. Below the famous Kleiber power law between metabolic rate and mass, with 3 distinct clusters: unicellular, cold and warm blooded organisms
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# MOONBIX
Let's join the airdrop directly from binance, who knows the price will be like BNB💥💥
https://t.me/Binance_Moonbix_bot/start?startApp=ref_6796826742&startapp=ref_6796826742&utm_medium=web_share_copy
Let's join the airdrop directly from binance, who knows the price will be like BNB💥💥
https://t.me/Binance_Moonbix_bot/start?startApp=ref_6796826742&startapp=ref_6796826742&utm_medium=web_share_copy
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$WING it's time to wake up
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we are still bearish for about a week
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#slp
Smooth Love Potion (SLP) is a cryptocurrency token associated with the blockchain-based game Axie Infinity. Axie Infinity is a play-to-earn game where players collect, breed, and battle fantasy creatures called Axies. SLP is an ERC-20 token on the Ethereum blockchain and functions as an in-game currency in the Axie Infinity ecosystem.
Players earn SLP by participating in battles with their Axies, winning matches, and completing various in-game tasks. SLP can be used for various purposes in the game, such as breeding new Axies or purchasing items and upgrades.
Axie Infinity gained significant popularity in the crypto and gaming communities, leading to increased interest in SLP as its native token.
Smooth Love Potion (SLP) is a cryptocurrency token associated with the blockchain-based game Axie Infinity. Axie Infinity is a play-to-earn game where players collect, breed, and battle fantasy creatures called Axies. SLP is an ERC-20 token on the Ethereum blockchain and functions as an in-game currency in the Axie Infinity ecosystem.
Players earn SLP by participating in battles with their Axies, winning matches, and completing various in-game tasks. SLP can be used for various purposes in the game, such as breeding new Axies or purchasing items and upgrades.
Axie Infinity gained significant popularity in the crypto and gaming communities, leading to increased interest in SLP as its native token.
Kucoin Faces FUD, KCS Price Plummets Instantly
Recently, the Kucoin exchange has been indicted by the U.S. Department of Justice for involvement in illegal trading activities, totaling up to $9 billion. Immediately after, the KCS token plummeted by 25%.
Azcnews Breaking0
The U.S. Department of Justice (DOJ) has announced serious charges against the global cryptocurrency exchange KuCoin, along with its two founders, Chun Gan (Michael) and Ke Tang (Eric). According to DOJ figures, KuCoin has received and processed over $9 billion in transactions from illegal sources.
The indictment accuses KuCoin of being an illegal money transfer business and serious violations of the Bank Secrecy Act. Founders Gan and Tang are accused of directing the exchange to circumvent anti-money laundering and counter-terrorism financing programs, failing to conduct customer identity verification (KYC) procedures, or report activities as required.
According to the indictment, financial institutions like KuCoin need to comply with U.S. law to help detect and prevent crimes and other corruption conspiracies. However, KuCoin not only operates illegally in the U.S. but also has become a “haven” for money laundering and financing for criminals in the financial market.
In parallel with the DOJ’s indictment, the Commodity Futures Trading Commission (CFTC) has also filed a civil lawsuit against KuCoin. The CFTC accuses KuCoin of providing both spot and derivative trading services without proper registration and violating the commission’s KYC requirements.
Homeland Security Investigations Special Agent Darren McCormack described KuCoin as “a multibillion-dollar criminal conspiracy,” seeing it as one of the largest cryptocurrency exchanges today.
Recently, the Kucoin exchange has been indicted by the U.S. Department of Justice for involvement in illegal trading activities, totaling up to $9 billion. Immediately after, the KCS token plummeted by 25%.
Azcnews Breaking0
The U.S. Department of Justice (DOJ) has announced serious charges against the global cryptocurrency exchange KuCoin, along with its two founders, Chun Gan (Michael) and Ke Tang (Eric). According to DOJ figures, KuCoin has received and processed over $9 billion in transactions from illegal sources.
The indictment accuses KuCoin of being an illegal money transfer business and serious violations of the Bank Secrecy Act. Founders Gan and Tang are accused of directing the exchange to circumvent anti-money laundering and counter-terrorism financing programs, failing to conduct customer identity verification (KYC) procedures, or report activities as required.
According to the indictment, financial institutions like KuCoin need to comply with U.S. law to help detect and prevent crimes and other corruption conspiracies. However, KuCoin not only operates illegally in the U.S. but also has become a “haven” for money laundering and financing for criminals in the financial market.
In parallel with the DOJ’s indictment, the Commodity Futures Trading Commission (CFTC) has also filed a civil lawsuit against KuCoin. The CFTC accuses KuCoin of providing both spot and derivative trading services without proper registration and violating the commission’s KYC requirements.
Homeland Security Investigations Special Agent Darren McCormack described KuCoin as “a multibillion-dollar criminal conspiracy,” seeing it as one of the largest cryptocurrency exchanges today.
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