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26 May 2026, 08:10
SmarterWebCompany Adds 10 BTC to Corporate Treasury, Holdings Reach 2,869
BitcoinWorld SmarterWebCompany Adds 10 BTC to Corporate Treasury, Holdings Reach 2,869 London-listed technology firm SmarterWebCompany has announced the acquisition of an additional 10 Bitcoin, bringing its total corporate treasury holdings to 2,869 BTC. The purchase, disclosed in a regulatory filing, continues the company’s established strategy of allocating a portion of its cash reserves to the leading cryptocurrency. Continued Accumulation Strategy The latest acquisition, while modest in size compared to the firm’s total holdings, signals a sustained commitment to Bitcoin as a treasury asset. SmarterWebCompany first disclosed its Bitcoin strategy in 2020, positioning itself among a small but growing cohort of publicly traded companies in Europe that hold digital assets on their balance sheets. At current market prices, the company’s total Bitcoin holdings are valued at approximately $170 million, representing a significant portion of its market capitalization. The firm has not disclosed the average purchase price of its accumulated BTC, but historical filings suggest a disciplined approach to dollar-cost averaging over several years. Institutional Adoption in the UK Market SmarterWebCompany’s ongoing accumulation places it among the more prominent Bitcoin-holding public companies in the United Kingdom. While the practice remains more common among North American firms, a handful of UK-listed companies have adopted similar strategies, often citing Bitcoin’s potential as a hedge against inflation and currency debasement. The announcement comes at a time of renewed institutional interest in Bitcoin, following a period of relative price stability and increased regulatory clarity in several major jurisdictions. The UK’s Financial Conduct Authority has maintained a cautious but permissive stance toward corporate cryptocurrency holdings, provided companies meet disclosure and risk management requirements. Implications for Shareholders and Market Observers For shareholders, the continued accumulation of Bitcoin introduces both opportunity and risk. Proponents argue that Bitcoin exposure can enhance long-term shareholder value if the asset appreciates, while critics point to volatility and the potential for significant mark-to-market losses. SmarterWebCompany has stated in past filings that it considers Bitcoin a long-term store of value and does not engage in active trading of its holdings. The company’s latest purchase may also be interpreted as a signal of confidence in Bitcoin’s recent price trajectory, which has seen the asset trade in a relatively tight range over the past quarter. Institutional buyers often view such accumulation as a vote of confidence in the asset’s fundamental value proposition. Conclusion SmarterWebCompany’s decision to add 10 BTC to its treasury, while numerically small, reinforces its position as a consistent institutional accumulator of Bitcoin in the European public market. The move reflects a broader trend of publicly traded companies treating Bitcoin as a strategic reserve asset, though the practice remains far from mainstream. Investors and analysts will continue to watch the firm’s quarterly filings for further disclosures on its digital asset strategy and any changes in its approach to risk management. FAQs Q1: How much Bitcoin does SmarterWebCompany now hold? A1: SmarterWebCompany’s total Bitcoin holdings stand at 2,869 BTC following its latest purchase of 10 BTC. Q2: Is SmarterWebCompany the only UK-listed firm holding Bitcoin? A2: No, but it is one of the most prominent. A small number of other UK-listed companies have disclosed Bitcoin holdings, though the practice is more common among North American firms. Q3: Why do public companies buy Bitcoin for their treasury? A3: Companies typically cite Bitcoin as a hedge against inflation and currency devaluation, and as a long-term store of value. However, the strategy carries significant volatility risk and requires robust disclosure and risk management practices. This post SmarterWebCompany Adds 10 BTC to Corporate Treasury, Holdings Reach 2,869 first appeared on BitcoinWorld .
26 May 2026, 08:05
HTX Charity in Action: Delivering Warmth and Care to Children in Pakistan on Bitcoin Pizza Day
Panama City, May 25, 2026 — On May 22, the global crypto community celebrated the annual Bitcoin Pizza Day. On this special day, which marks the origin of the blockchain spirit, HTX chose to leave its mark through compassion. The platform visited 42 GD Government School & Mosque in Okara, Pakistan, to host an educational charity initiative . By donating educational and daily necessities to 120 local children, HTX demonstrated its commitment to social responsibility and conveyed the warmth of its community through meaningful charitable action. From Bitcoin Pizza to School Supplies: One Milestone, Two Meanings As a landmark date in the global crypto industry, Bitcoin Pizza Day draws widespread attention across the community every year. It serves as an interesting footnote in technological history and symbolizes the cultural cohesion of crypto space. When this occasion was linked to the backpacks, school uniforms, and stationery of 120 children, its meaning expanded even further—transforming from an annual celebration within the crypto industry into an opportunity to reach beyond the community and connect with the real world. By choosing Okara, Pakistan – a region with relatively limited educational resources – for this charity initiative, HTX demonstrated that charity should not remain a slogan but must reach the places where it is needed most. The donated supplies included 25 backpacks, 10 sets of children’s school uniforms, 50 stationery gift boxes, and 120 snack packs. By leveraging this iconic occasion within the global crypto community, HTX extended the goodwill and warmth of the blockchain world to a broader audience, ensuring that charitable support reaches children who genuinely need assistance. Sustained Charitable Efforts: From Consensus to Compassion One of the core principles of blockchain technology is decentralized trust and collaboration. While this concept has given rise to infrastructure such as decentralized finance and digital assets on a technological level, it can also evolve into a more direct form of social connection: linking those who can help with those who need it, across geographical and language barriers. Since its inception, HTX has been committed to exploring the diverse value it can deliver as a global Web3 gateway. The platform has stated that it will continue to focus on the needs of children in developing countries and regions with limited educational resources, give back to society through concrete actions, and turn the vision of “Web3 for Good” into a sustainable charitable practice. To learn more about HTX, please visit https://www.htx.com/ or HTX Square , and follow HTX on X , Telegram , and Discord . The post HTX Charity in Action: Delivering Warmth and Care to Children in Pakistan on Bitcoin Pizza Day first appeared on HTX Square .
26 May 2026, 08:03
Lido EarnUSD: Why Stablecoin Yield Products Are Moving Beyond Staking
You open your portfolio app and a new tile flashes to the top: “EarnUSD.” It promises a dollar-denominated yield, composable across DeFi, without the rollercoaster of ETH price exposure. Is this just staking in disguise? Not quite. The newest generation of stablecoin yield products is moving past simple staking APRs and into a mix of on-chain and off-chain engines: treasuries, market-neutral strategies, and liquidity design that aims to keep dollars stable while still earning. This feature unpacks the idea often dubbed “Lido EarnUSD” by commentators—shorthand for a hypothetical USD yield wrapper associated with Lido’s liquid staking footprint—and explains why the market is broadening beyond staking alone. Note: there is no official Lido product by this name at the time of writing; think of “EarnUSD” here as a design pattern the industry is moving toward. The Big Picture: Stablecoin Yield Is Unbundling from Staking ETH staking transformed DeFi’s base yield. Liquid staking tokens (LSTs) like stETH brought staking rewards into every corner of crypto. But stablecoin holders want something different: dollar stability with a dependable, transparent yield that does not require taking directional ETH risk. That demand is pushing builders to pull apart the yield stack. Instead of only relying on staking, projects route returns from multiple engines: tokenized T-bills, on-chain credit, delta-neutral hedging, liquidity fees, or even specialized basis trades. Each has its own risk surface and operational complexity. The stablecoin yield race is no longer about who stakes best; it’s about who can package reliable, auditable, and liquid dollars with a risk-adjusted return users actually understand. Institutions, DeFi natives, and retail savers all have different constraints. That’s why we’re seeing a spectrum of designs—from overcollateralized crypto-backed dollars to tokens that pass through off-chain treasury income under a regulated wrapper. What “EarnUSD” Signals About Design Priorities Even as a concept, “Lido EarnUSD” points to a direction of travel. Lido’s brand is intertwined with stETH, the largest LST by many measures. If the market imagines a Lido-flavored USD yield product, it’s because a few core priorities are crystallizing across DeFi: Native composability: A dollar that earns while plugging into lending, DEXs, and collateral frameworks. Simplicity at the surface: Users see a single asset with a yield number. The complex machinery stays under the hood. Clear sourcing of returns: Whether staking-derived, market-neutral, or treasuries—investors need to know what actually generates yield. Liquidity by design: Deep primary and secondary markets to minimize slippage and protect the peg during stress. Operational and oracle discipline: Transparent rebalancing, robust oracles, and predictable issuance/redemption. Crucially, a hypothetical EarnUSD associated with Lido would need to be explicit about whether it leans on stETH yield, off-chain treasuries, or a blend—and how it neutralizes any non-USD exposure. That clarity is where today’s leading products differentiate themselves. From stETH to Dollars: How a Yield-Bearing USD Token Could Work There are several viable architectures for a USD-denominated yield token. Each tries to deliver a steady dollar peg while capturing a return source and managing risk. Below are three common blueprints relevant to any “EarnUSD”-style product. LST-backed, overcollateralized model In this design, users deposit stETH (or other LSTs) as collateral to mint a USD-stable asset. The system may direct staking yield toward interest for the stablecoin holders. Protocols like Lybra and Prisma explored variations of this concept using LSTs and overcollateralized debt positions. The challenge is pegging to USD while the underlying asset and its yield are linked to ETH economics; robust risk parameters, liquidations, and collateral haircuts are essential. RWA/Treasury-backed pass-through model Here, user funds are transformed—often via a regulated issuer—into short-duration U.S. Treasuries or similar cash equivalents. Yield is then passed through to token holders under a specific legal framework. This is closer to tokenized money-market exposure. It can be more predictable but introduces off-chain custody, regulatory scope, and settlement risks. Market-neutral or basis-trade model Another route is to collect funding basis or staking rewards while hedging out the underlying price risk with perpetual swaps or futures. The goal is to isolate a USD yield from crypto market direction. Ethena’s USDe popularized a version of this by pairing spot assets with short perps to synthesize a dollar-like exposure while harvesting funding and staking flows. It’s operationally complex and sensitive to exchange liquidity, basis regimes, and hedging costs. Putting it together: a possible flow Whether LST-centric or treasury-centric, a coherent USD yield wrapper tends to follow a disciplined loop: Source selection: Choose the underlying engine(s)—LST yield, T-bills, market-neutral basis, or a blend. Hedging/neutralization: If the source has non-USD risk (e.g., ETH price), implement hedges or overcollateralization. Tokenization: Mint a USD-denominated asset with clear redemption mechanics and fee schedule. Liquidity seeding: Establish primary issuance/redemption and secondary DEX/AMM pools for tight spreads. Oracle and disclosure: Publish NAV, yield drivers, and collateral composition; use resilient price feeds. Risk governance: Define limits, stress tests, circuit breakers, and transparent policy updates. No matter the route, credibility depends on predictable mint/redeem, visible collateral or hedges, and conservative assumptions. Any “EarnUSD”-style product claiming to be simple on the surface must be even more rigorous under the hood. Comparing Yield Engines Competing for Your Stablecoin Stablecoin yield products now span multiple categories. The table below distills the main approaches, typical exposures, and who they might fit. Examples are illustrative and not endorsements. CategorySource of ReturnPrimary ExposurePeg ConsiderationsIllustrative ExamplesBest ForLST-backed, overcollateralizedStaking yield on ETH via LSTsETH collateral value and staking mechanicsRequires robust liquidations and collateral buffers Lybra , Prisma Users comfortable with crypto-native collateral riskRWA/Treasury pass-throughShort-term Treasuries or cash equivalentsOff-chain custody, issuer and banking relationshipsRedemption windows and KYC can affect liquidity MakerDAO DSR , Frax sFRAX , Ondo USDY Users seeking treasury-like exposure via tokensMarket-neutral/basisPerp funding, basis, and/or staking with hedgesExchange liquidity, counterparty, hedging costsSensitive to funding regime shifts and oracle design Ethena USDe Users who understand derivatives and basis cyclesOn-chain credit/lendingBorrowing demand from DeFi participantsSmart-contract and borrower default riskUtilization swings can hit yields and peg depth Aave , Compound Liquidity providers familiar with DeFi creditLiquidity AMMs/feesSwap fees and incentives in stable poolsImpermanent loss in non-stable pairs; pool healthRequires deep pools and robust routing Curve , Uniswap Active LPs optimizing fee tiers and ranges If “EarnUSD” existed, it would have to pick one lane or carefully blend them with explicit risk limits. The more engines mixed, the more a product depends on risk governance and clear communication. Liquidity, Peg Defense, and Composability Are Make-or-Break Delivering sustainable yield is only half of the equation. The other half is making sure the token behaves like a dollar when markets stress. Liquidity engineering Stable swaps and primary issuance/redemption set the tone. Deep Curve-style pools, active market makers, and mint/redeem at or near NAV help pin price to $1. If a product uses off-chain assets, operational windows and settlement lags should be public so traders can price liquidity correctly. Peg management and oracles Even treasury-backed wrappers can deviate intraday. Transparent NAV updates, resilient oracles, and automated arbitrage pathways matter. For crypto-collateralized designs, liquidation incentives and collateral haircuts are crucial to prevent cascading depegs during volatility. Composability and collateral status Getting accepted as collateral on major lending markets or DEX routing can amplify utility and deepen liquidity. However, composability increases blast radius: a depeg can ripple through money markets and structured products. Prudent caps and isolation modes are safety valves. Why Regulation Is Quietly Steering Design Choices Yield-bearing dollars intersect with securities, payments, and banking rules. In the U.S., regulators have scrutinized interest-bearing crypto accounts; notable actions against centralized yield programs signaled that certain offerings could be securities if not properly registered or exempt. For example, the U.S. Securities and Exchange Commission has pursued cases involving yield products, as seen in its public actions against interest accounts ( SEC press release ). Each design must consider disclosure, distribution, and who can buy the token. In the EU, the Markets in Crypto-Assets Regulation (MiCA) introduces a framework for asset-referenced tokens and e-money tokens, with restrictions on remuneration and requirements for issuers and reserve management. The full implications for interest-bearing stablecoins depend on specific structures and authorizations. Readers can reference the official text for high-level guidance ( MiCA regulation ). Real-world asset (RWA) wrappers typically introduce KYC/AML and transfer restrictions; crypto-native, overcollateralized designs may avoid off-chain custody but face different prudential challenges. Any “EarnUSD”-type product would need to navigate these boundaries deliberately and communicate its legal posture clearly. This article is not legal advice. A Practical Checklist for Evaluating a USD Yield Token Use this field guide to cut through marketing and understand what you are buying: Identify the yield engine: Is it staking-based, treasury-backed, market-neutral, or a blend? What are the exact drivers of return? Map the risk stack: Smart-contract risk, oracle dependencies, liquidation mechanics, off-chain custody, exchange counterparty risk. Redemption clarity: Who can mint/redeem? At what frequency? Are there gates, fees, or KYC requirements? NAV and disclosure cadence: How often are NAV, holdings, and performance published? Are audits or attestations available? Liquidity depth: Check pool sizes, order books, and historical spreads. Can you exit near $1 in stress? Governance and limits: Is there a risk committee, parameter caps, or circuit breakers? How are changes approved? Incentive dependence: Would yields collapse without token incentives or “points”? Is there organic demand? Tax and jurisdiction: Could pass-through yield create tax complexity? Are you eligible to hold or redeem the token? Risks & What Could Go Wrong Depeg events: Shallow liquidity, sudden collateral drawdowns, or redemption delays can push price below $1. Hedging breakdowns: For market-neutral designs, funding flips or exchange outages can impair the strategy. Regulatory actions: Enforcement or rule changes may restrict distribution, affect rewards, or force design overhauls. Oracle and smart-contract failures: Bugs or manipulations can cause bad accounting, liquidations, or theft. Concentration risk: Heavy reliance on a single asset (e.g., stETH) or venue (a specific CEX or custodian). Incentive cliff: If yields rely on emissions or points, they may drop when programs end. Operational frictions: Settlement lags, KYC queues, or banking rails can impair redemptions in RWA models. Stablecoin yield is not a free lunch. Understand exactly how a dollar earns, who holds the risk, and how the peg is defended when the music stops. For ongoing coverage of liquid staking, RWA tokenization, and stablecoin market structure, Crypto Daily tracks protocol updates and risk events across major ecosystems. Stay informed at Crypto Daily . Frequently Asked Questions Is “Lido EarnUSD” an official product? No. In this article, “EarnUSD” refers to a conceptual USD yield wrapper associated with common market discussions around Lido’s ecosystem. If any official product launches, rely on Lido’s site ( lido.fi ) and documentation for accurate details. How is a yield-bearing stablecoin different from just holding USDC or USDT? Traditional stablecoins aim to track $1 without passing through yield. A yield-bearing stablecoin or wrapper seeks to deliver a return via staking, treasuries, lending, or market-neutral strategies. That added return comes with additional risks and mechanics you should evaluate. Could an ETH staking-based USD token keep its peg in a crash? It depends on collateral buffers, liquidation design, and market liquidity. Overcollateralized models can withstand large moves if parameters are conservative and liquidations work as intended. However, extreme volatility or oracle failures can still cause depegs. Are RWA/treasury-backed tokens “safer” than crypto-native designs? They may offer more predictable returns but introduce different risks: off-chain custody, regulatory constraints, banking rails, and redemption windows. “Safer” is context-dependent. Compare disclosures, legal structure, and your ability to redeem at NAV. What drives returns in market-neutral designs like USDe? Typically, a mix of perpetual funding basis, potential staking yield on collateral, and careful hedging. Returns are sensitive to market regimes, exchange liquidity, and risk limits. Transparent reporting and conservative parameters are vital. How do I assess liquidity before buying a yield-bearing dollar? Check primary mint/redeem rules, on-chain pool depth (e.g., Curve, Uniswap), historical slippage, and any market-maker support. In stress, deep secondary liquidity and predictable redemption are what hold the peg together. Is this financial advice? No. Stablecoin yield products carry meaningful risks: volatility, smart-contract bugs, regulatory changes, custody exposure, and liquidity constraints. Do your own research and consider independent advice before allocating capital. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
26 May 2026, 08:02
XRPL Foundation Stuns XRP Army With Bullish Message: Something Big Coming Tomorrow?
The XRP Ledger Foundation (@XRPLF) posted six words on May 25, 2026: “Tomorrow’s going to be a great day.” The post had no context or link to an announcement, but featured an image that immediately registered with longtime XRP holders. It was a modified version of the cover photo used by bearableguy123, an anonymous figure known for cryptic posts and strong support for XRP. The bearableguy123 persona originated in 2018 and has consistently pushed for an XRP price target of $589 . Tomorrow’s going to be a great day. pic.twitter.com/xBHwkfxdNY — XRP Ledger Foundation (@XRPLF) May 25, 2026 Community members counted the dots in the image and found that three clusters featured 5, 8, and 9 dots. These make up $589, the long-standing price target tied to bearableguy123’s lore. Then came a second interpretation: 5 × 8 × 9 = 360, making a full circle. Some took that as a deliberate signal pointing to Circle, the issuer of USDC, which Ripple has tried to acquire. Ripple’s History With Circle In 2025, Ripple proposed a Circle acquisition for $4 billion to $5 billion , a bid that was rejected as too low. While Ripple remained interested in Circle, it had not decided whether to make another offer, with Circle focused on following through on an IPO. Ripple later reportedly raised its offer to $20 billion . The persistence of that interest set the stage for what the community now believes could be a fresh move. Rumors are now circulating that Ripple has successfully acquired Circle , and the announcement may come as early as today. This move would place USDC, the $61 billion stablecoin, under Ripple’s control. Neither company has publicly confirmed active acquisition talks, but the speculation has not faded. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What a Deal Would Mean for XRP and RLUSD Ripple already operates its own dollar-pegged stablecoin. RLUSD’s market cap now exceeds $1 billion , and it is used in partnership with Mastercard, WebBank, and Gemini. But USDC operates at a different scale entirely. USDC commands a market cap of approximately $61.7 billion, making it the second-largest stablecoin behind Tether’s USDT. Acquiring Circle would give Ripple immediate scale, leveraging USDC’s established network and institutional partnerships with firms like BlackRock and BNY, which manage its reserves. For XRP holders, control over USDC combined with RLUSD would position Ripple as the dominant force in dollar-pegged digital assets globally. While the announcement has not been confirmed, a major acquisition like this brings XRP one step closer to that $589 price target. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRPL Foundation Stuns XRP Army With Bullish Message: Something Big Coming Tomorrow? appeared first on Times Tabloid .
26 May 2026, 08:00
Polymarket Faces Ban In Indonesia Amid Growing Global Crackdown
Amid the global crackdown on online gambling and prediction markets, Indonesia has joined the list of jurisdictions imposing restrictions on Polymarket and similar platforms after a bet on the President’s term drew online attention. Indonesia Blocks Access To Polymarket Indonesia recently blocked access to the prediction market platform Polymarket after a widely shared bet on the premature end of Prabowo Subianto’s presidency gained traction on social media last week. In an official statement , the Ministry of Communication and Digital Affairs announced the ban, affirming that the measure aims to protect the public, particularly the younger generation and users of the digital space. Director General of Digital Space Supervision Alexander Sabar affirmed that platforms facilitating real-money wagers on event outcomes are considered gambling, even when framed as “prediction markets” and using blockchain technology or crypto assets. “The government will not tolerate any form of online gambling in Indonesia. Activities like Polymarket involve monetary betting and speculation on events with uncertain outcomes, which violates applicable Indonesian laws,” Alex emphasized. Therefore, authorities will block access to other prediction market services suspected of “facilitating online gambling practices.” In addition, the government is tracking down social media accounts affiliated with or promoting Polymarket to ensure the ban is enforced across other platforms. The Ministry also urged the public not to access or engage in digital betting-based speculation activities, including those using crypto, as these activities could violate Indonesian laws and cause financial losses for users. Global Regulatory Pressure Mounts Indonesian authorities noted that their decision to restrict access to Polymarket aligns with other global legal frameworks. As the announcement stated, several other jurisdictions have also implemented measures against Polymarket and other prediction market platforms, arguing that they resemble online gambling practices. Over the past two years, Taiwan, Thailand, China, and India have imposed restrictions on Polymarket under their respective local laws, while Singapore, Colombia, and India have officially blocked the platform. In March, Argentinian authorities ordered a nationwide blockade of Polymarket after it predicted inflation data. As reported by Bitcoinist, a Buenos Aires court directed internet service providers, Google, and Apple to block access to the platform, arguing that it operated as an unlicensed online gambling platform. Meanwhile, Brazil’s central bank announced a ban on prediction markets and betting platforms in March, including Polymarket and Kalshi. The authorities affirmed that the platforms failed to comply with local regulations on derivatives trading and raised concerns about investor protections and market integrity. Prediction markets have also faced scrutiny in the US, with policymakers and State-level authorities putting pressure on the sector. Last week, House of Representatives member James Comer launched a formal investigation into Polymarket and Kalshi following a series of suspicious trades linked to classified US military operations and key geopolitical events. The lawmaker announced that he had sent a letter to the CEOs of both companies seeking information on how their platforms detect and prevent insider trading. He also asked for details on how they verify user identities and enforce bans on users from restricted jurisdictions. On the same day, the two prediction market giants lost their bids to halt the gambling-related enforcement actions against them in Nevada and Washington.
26 May 2026, 08:00
Dogecoin Must Hold This Level To Avoid Drop To $0.088, Analyst Says
A crypto analyst has pointed out how Dogecoin might have to hold above $0.1020 to avoid a retest of a Parallel Channel’s lower level. Dogecoin Could Be Following A Parallel Channel In a new post on X, analyst Ali Martinez has talked about a support region that Dogecoin is retesting right now. The region in question includes two lines: a simple moving average (SMA) of the daily spot price and the middle level of a Parallel Channel. Related Reading: Bitcoin Sell Pressure Rising? Binance Inflows Hit 10-Day Streak A Parallel Channel is a pattern from technical analysis (TA) that appears whenever an asset trades between two parallel trendlines. Such channels can be of a few different types depending upon how the trendlines are oriented with respect to the graph axes, but in the context of the current topic, the simplest variant is of interest: one that has its channel parallel to the time-axis. The upper level of a Parallel Channel is assumed to be a source of resistance for the price. Similarly, the lower level can act as a support cushion. As the price trades between these trendlines, it experiences a phase of true sideways movement. When a break occurs past either trendline, the cryptocurrency may experience a sustained move in that direction. That is, a surge above the resistance level can be a bullish sign, while a drop under support a bearish one. Now, here is the chart shared by Martinez that shows the Parallel Channel that the 1-day price of Dogecoin has potentially been trading inside over the last few months: As displayed in the above graph, Dogecoin retested the upper level of this Parallel Channel earlier in the month and found rejection. Since then, the memecoin has retraced back to the middle level of the channel, sitting halfway through the length of the channel. This line, located around $0.1020, could end up being a potential center of support for DOGE. Interestingly, the Parallel Channel’s middle level isn’t all that’s situated at this level. From the chart, it’s visible that the 50-day SMA of the asset’s spot price also intersects here. “This alignment makes $0.1020 a prime level to watch,” noted the analyst. Considering the setup, it now remains to be seen how Dogecoin’s retest of the region will play out. “If the buyers defend it, we can expect a rebound toward the top of the channel at $0.1156,” said Martinez. “However, if DOGE dips below this level to flush out late leverage, I’m watching the channel’s lower boundary at $0.0883.” Related Reading: Bitcoin Bull Run ‘Not There Yet,’ Warns CryptoQuant Founder The upper level of $0.1156 is currently 13% above the DOGE spot price, while the support boundary of $0.0883 is 13% below. DOGE Price Dogecoin has dropped to the $0.1022 mark following its recent price action. Featured image from Dall-E, chart from TradingView.com
