The chart shows a descending wedge nearing breakout, combined with a solid Fibonacci buy zone between 2.67 – 2.88 USDT. The current consolidation is likely a precursor to a strong bullish move.
Targets
T1: 3.5534 T2: 3.7935 T3: 4.0693
A bounce from the Fibo zone could ignite a new rally phase. The bullish scenario remains valid as long as price holds above 2.67.
#Dogecoin is currently bouncing from the Fibonacci golden zone (0.618 level) at $0.20083. This is a key accumulation zone, which may lead to a strong upward move.
🚀 Price Targets:
🔹 T1: $0.49931 🔹 T2: $0.57406 🔹 T3: $0.65437
A confirmation of trend reversal will be seen if Dogecoin breaks key resistance levels! Bulls might take over soon 🐂🔥
#Dogecoin is currently bouncing from the Fibonacci golden zone (0.618 level) at $0.20083. This is a key accumulation zone, which may lead to a strong upward move.
⭕ BlackRock Inc. is preparing to launch a bitcoin exchange-traded product in Europe in the coming weeks, according to a person familiar with the matter, amid growing demand for exposure to digital currencies from both money managers and consumers.
⏪ The company is expected to build the product in Switzerland, where BlackRock recently formed a Zurich-based digital asset company called iShares Digital Assets AG, according to a regulatory filing seen by Reuters $BTC
New Proposals from Vitalik Buterin for Ethereum: “713K ETH Could Be Burned Per Year”
Vitalik Buterin has made new proposals for Ethereum, which has lagged behind Bitcoin in price over the past year and has come to the forefront with recent discussions around the foundation. While Buterin specifically touched on the importance of Layer 2 networks, he noted that these networks should be encouraged to use a portion of the proceeds generated by transactions for processes such as burning and staking.
Buterin also mentioned that if the capacity of the Blob increases, the annual number of Ethereum burned could rise to 713K.
Vitalik Buterin, who recently ended the Ethereum Foundation’s management discussions by saying, “I will decide,” offered some suggestions on how to make ether more valuable in a blog post.
Buterin, who thanked Tim Picot, Justin Drake, and other Layer 2 network developers in his article, noted the importance of these networks, also known as L2s. Emphasizing that the Ethereum network helps large segments in many areas, from stablecoins to decentralized finance (DeFi) tools and social media, Buterin said: “We shouldn’t be increasing technical and social tools together.” $ETH