
Will Dogecoin's Price Slide Persist? Analyst Shares Realistic and Bullish Year-End Predictions - Dogecoin is under intense selling pressure, having dropped over 12% in the past week. As the popular meme cryptocurrency searches for solid support, many are wondering if this decline is just a temporary setback—or a sign of more losses to come. Amid the uncertainty, a crypto market analyst has stepped forward with both realistic and optimistic projections for Dogecoin’s price by the end of the year.
The recent pullback in Dogecoin has stirred concern among investors, especially after falling to around $0.19. However, a technical analysis shared by pseudonymous TradingView analyst "TradingShot" paints a more hopeful picture for what lies ahead.
According to the analyst, this dip may actually signal the start of the final upward leg in the ongoing market cycle. Their analysis shows that Dogecoin has remained within a long-term “Fibonacci Channel Up” pattern. Earlier in April, the coin rebounded off the 200-week moving average (1W MA200), which has acted as a reliable bottom in past cycles. Since then, Dogecoin has been consolidating around the 50-week moving average (1W MA50), potentially setting the stage for a move toward higher levels.
Will Dogecoin's Price Slide Persist? Analyst Shares Realistic and Bullish Year-End Predictions
TradingShot emphasizes that Dogecoin's recent price activity mirrors previous bull market behavior. In prior cycles, once DOGE tested the MA200 and began to recover, it often led to an extended rally. This upward channel has historically influenced the altcoin's trajectory, with major peaks often aligning with key Fibonacci Extension levels.
Looking ahead, the chart outlines two price targets for the end of the year. A “fair value” scenario suggests Dogecoin could reach $1.00—matching the 1.0 Fibonacci Extension and intersecting with the MMB (Mayer Multiple Bands) 3 Standard Deviation (3SD) line. On a more bullish note, the optimistic target sits at $3.50, which aligns with the 1.618 Fibonacci level. This level played a key role in past market tops, including the early 2018 peak and the May 2021 breakout.
Supporting this bullish outlook is the recent formation of a “Golden Cross” on the 1-week chart—a technical pattern that typically signals the start of a strong uptrend, not just for Dogecoin but across the broader crypto market.
TradingShot further incorporates the Mayer Multiple Bands into their analysis, pointing out that during previous bull markets, Dogecoin consistently moved from the MMB 2SD level up to the 3SD after a Golden Cross occurred. At present, DOGE has already reached the 2SD band but hasn’t yet touched the 3SD, suggesting there may still be significant upside potential left in this cycle.
Related Reading : https://www.topcoinindex.com/id/news/coinbase-set-to-list-pancakeswap-cake-could-this-be-the-catalyst-for-a-price-rally
admin
05 June 2025
Coinbase Set to List PancakeSwap ($CAKE): Could This Be the Catalyst for a Price Rally? - Coinbase Global Inc. (NASDAQ: COIN) has announced plans to add PancakeSwap ($CAKE) to its trading platform, a move that could mark a significant moment for the popular decentralized exchange token. Specifically, the exchange is preparing to support the ERC-20 version of CAKE, which has now been added to its official roadmap. Trading will begin once all the necessary pre-listing requirements are met.
This development comes on the heels of increasing regulatory clarity in the U.S. regarding the Binance ecosystem, which has long been linked with PancakeSwap. Recently, the U.S. Securities and Exchange Commission (SEC) dropped its long-running case against Binance and several of its top executives, signaling a more stable regulatory environment for related projects.
PancakeSwap itself has shown strong momentum lately, continuing to lead in trading volume among decentralized exchanges (DEXs) on the BNB Chain. In May alone, the platform processed roughly $165.3 billion in trades, accounting for the vast majority of the total DEX volume on BNB Chain, which reached $178.2 billion.
Coinbase Set to List PancakeSwap ($CAKE): Could This Be the Catalyst for a Price Rally?
News of the Coinbase listing gave CAKE a modest boost, with the token rising around 1% to approximately $2.44 during late trading hours in North America on Wednesday, June 4. With a market cap around $903 million (fully diluted) and a 24-hour average trading volume of $131 million, the token appears to be building momentum for a potential breakout.
On the technical front, CAKE has been forming an ascending triangle pattern since late February 2025 on the four-hour chart. However, it’s been struggling to break past a resistance level just above $2.87—a level it’s tested and failed to breach on at least four occasions in the past three months.
Now, with the MACD indicator on the verge of crossing above the zero line, traders are eyeing a possible breakout. If CAKE manages to push past the $2.9 resistance level, a short-term price target of $4.30 could be within reach. On the flip side, failure to hold its current upward trend could see CAKE fall below $2, signaling a bearish turn.
As anticipation builds around the Coinbase listing, market watchers are keeping a close eye on CAKE’s price action, looking for signs that this could be the start of a larger move upward.
Related Reading : https://www.topcoinindex.com/id/news/ripples-rlusd-stablecoin-gains-regulatory-approval-in-dubai-heres-why-thatsbig-news
admin
05 June 2025
admin
05 June 2025
admin
05 June 2025
admin
05 June 2025
Ripple’s RLUSD Stablecoin Gains Regulatory Approval in Dubai—Here’s Why That’s Big News - Ripple’s US dollar-backed stablecoin, RLUSD, has just received official recognition from the Dubai Financial Services Authority (DFSA), earning it a spot as a “Recognised Crypto Token” within the Dubai International Financial Centre (DIFC). This approval, coming just six months after the stablecoin’s debut under a New York Department of Financial Services (NYDFS) trust charter, makes RLUSD the first fully-backed USD stablecoin to be accepted under the DFSA’s regulatory umbrella. It also significantly boosts Ripple’s presence in one of the world’s most rapidly evolving crypto-friendly regions.
Since the DFSA launched its list of recognised tokens in late 2022—starting with names like Bitcoin, Ethereum, and Litecoin—it has been selective about which assets make the cut. XRP and Toncoin were added in recent years, and now RLUSD joins this exclusive group. The DFSA’s cautious approach includes thorough assessments of reserve assets, governance frameworks, and consumer protection protocols.
Issued by Ripple Markets NY-DFS LLC, RLUSD is backed 1:1 with short-term U.S. Treasury bills, cash, and other high-quality liquid assets held in separate accounts. Monthly attestation reports and a guarantee of same-day fiat redemption help maintain high transparency and reliability—hallmarks of New York’s stringent trust-company regulations, which are still seen as the gold standard in the stablecoin space.
Jack McDonald, Ripple’s SVP of stablecoins, emphasized the significance of the DFSA’s nod: “This recognition underscores our dedication to creating a stablecoin that upholds the highest levels of trust, transparency, and usability.” He added that RLUSD is designed to support the broader institutional adoption of blockchain, starting with cross-border payments.
Ripple’s RLUSD Stablecoin Gains Regulatory Approval in Dubai—Here’s Why That’s Big News -
With DFSA approval secured, RLUSD can now be directly used within Ripple’s regulated Ripple Payments platform in Dubai. This means financial institutions, including banks and fintechs, can settle transactions in U.S. dollars via blockchain, alongside existing support for XRP. Two early adopters—Zand Bank, the UAE’s first all-digital bank, and fintech startup Mamo—are already live on the platform, which supports round-the-clock settlements across more than 90 global payout corridors.
The approval also paves the way for other DFSA-regulated entities within the DIFC to adopt RLUSD. Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, pointed to surging demand for a compliant, blockchain-based dollar option among corporate treasuries, exchanges, and custodians. “The UAE’s digital economy is incredibly vibrant. We're excited to collaborate with local partners, customers, and regulators to accelerate its growth,” he said.
Stablecoin adoption in the UAE has seen rapid growth. According to Chainalysis, USD-backed tokens made up over half of all crypto inflows into UAE-based platforms in 2024. The total transaction volume for stablecoins jumped 55% year-over-year to an estimated $9.8 billion—outpacing activity in both Bitcoin and Ethereum. This reflects the country’s large trade sector, worth over $400 billion, and its growing demand for efficient settlement methods.
By including RLUSD on its recognised-token list, the DFSA is reinforcing Dubai’s reputation as a progressive, regulation-friendly destination for blockchain innovation and global commerce. The decision also aligns with Dubai’s experimental use of the XRP Ledger. Just last week, the Dubai Land Department partnered with tokenization firm Ctrl Alt to begin piloting property title transfers on the blockchain—part of a planned $16 billion initiative to fractionalize real estate ownership.
At the time of writing, XRP was trading at $2.22.
Related Reading : https://www.topcoinindex.com/id/news/binance-coin-bnb-price-outlook-and-short-term-forecast
admin
04 June 2025
admin
05 June 2025
admin
05 June 2025
admin
05 June 2025
admin
05 June 2025
admin
05 June 2025