hodler

24 Feb 2026, 11:43

XRP active addresses crash to the lowest level in 2026

On-chain metrics for XRP are painting a troubling picture, showing that the number of unique active addresses on the XRP Ledger (XRPL) have fallen to their lowest level in 2026. Specifically, as of February 24, the number of XRP Ledger active addresses sits at 14,551, down from the 2026 peak of 32,684 seen on February 10, as per data retrieved by Finbold from on-chain market data analytics platform CryptoQuant . XRP Ledger active addresses. Source: CryptoQuant XRP Ledger activity drops XRP active addresses are widely viewed as a key measure of blockchain health, reflecting overall user engagement, meaning the 55% decline in activity signals weakening activity across the Ledger. However, the decline in publicly visible XRPL activity metrics may reflect institutional trading migrating into private permissioned pools rather than a sharp drop in overall demand. Ripple also plans on introducing native lending functionality and zero-knowledge, proof–based privacy tools under a future XRPL 3.0 framework. These updates could expand on-chain credit markets and deepen institutional participation, reversing the negative trend. Nonetheless, it must be mentioned that the shift toward gated liquidity comes with some fresh concerns. For example, liquidity fragmentation between open and permissioned order books could affect price discovery. At the same time, traditional retail-facing metrics may no longer fully capture on-chain activity, as a greater share of volume could occur within credential-gated environments rather than fully open markets. All in all, then, the longer-term development remains constructive. Ripple has XRPL upgrades slated for 2026 aimed at enhancing tokenization and institutional functionality. Additionally, Japan’s SBI Holdings is issuing blockchain-based bonds with XRP-linked rewards, suggesting institutional experimentation with the asset is far from over. What’s next for XRP? Meanwhile, XRP has lost nearly 30% year-to-date, currently trading around $1.33 and threatening to drop below $1 in the following days, as whale activity goes up. YTD XRP price. Source: Finbold New data shows that more than 31 million XRP tokens were transferred to Binance in a single day. The surge in exchange inflows was driven almost entirely by whale wallets. In the days leading up to the surge, exchange inflows remained relatively muted, and sharp increases in whale inflows to exchanges have historically preceded heightened volatility, as such transfers often signal intent to sell. If a meaningful portion of the 31 million-plus XRP is liquidated, it could intensify selling pressure and raise the risk of a move below the key $1 support level. Featured image via Shutterstock The post XRP active addresses crash to the lowest level in 2026 appeared first on Finbold .

24 Feb 2026, 11:35

EUR/GBP Exchange Rate Faces Critical Test as BoE Testimony Could Shift Monetary Policy Path

BitcoinWorld EUR/GBP Exchange Rate Faces Critical Test as BoE Testimony Could Shift Monetary Policy Path LONDON, March 2025 – The EUR/GBP currency pair approaches a pivotal moment as scheduled Bank of England testimony could fundamentally alter market expectations for interest rate trajectories, potentially reshaping cross-channel currency dynamics through the remainder of the year. Market participants globally now scrutinize every signal from Threadneedle Street, particularly after recent economic data revealed unexpected inflationary pressures within the UK economy. Consequently, foreign exchange traders position themselves cautiously ahead of what many analysts describe as a potentially market-moving parliamentary appearance. EUR/GBP Technical Analysis and Current Market Position Technical charts currently show the EUR/GBP pair trading within a defined range between 0.8550 and 0.8650, representing a consolidation phase following January’s volatility. Market analysts observe that the 50-day moving average provides immediate support around 0.8575, while resistance appears firm at the 0.8650 level. Furthermore, trading volume patterns indicate increased institutional interest ahead of the BoE testimony, suggesting professional traders anticipate significant movement. Historical data reveals that similar parliamentary appearances have triggered average daily moves of 0.8% in the currency pair over the past three years. Several key technical indicators warrant attention. The Relative Strength Index currently reads 52, indicating neutral momentum without overbought or oversold conditions. Meanwhile, Bollinger Bands show contraction, typically preceding periods of increased volatility. Additionally, Fibonacci retracement levels from the November 2024 high to January 2025 low identify 0.8620 as a critical resistance zone. Market technicians generally agree that a sustained break above this level could signal a broader trend reversal toward 0.8700. Bank of England Monetary Policy Context and Historical Precedents The Bank of England maintains its benchmark interest rate at 4.75% following the February 2025 Monetary Policy Committee meeting, marking the third consecutive hold after an aggressive tightening cycle that began in late 2021. However, recent UK inflation data surprised markets by accelerating to 3.2% year-over-year in February, exceeding the central bank’s 2% target and consensus forecasts of 2.9%. This development places additional pressure on policymakers to maintain restrictive monetary conditions despite growing concerns about economic growth. Historical analysis reveals that BoE parliamentary testimonies have frequently served as catalysts for significant currency movements. For instance, testimony in September 2023 prompted a 1.4% GBP appreciation against the euro within 24 hours after then-Governor Andrew Bailey signaled extended rate stability. Similarly, November 2024 testimony contributed to EUR/GBP volatility exceeding 1.2% as committee members expressed divergent views on inflation persistence. The upcoming testimony occurs against a backdrop of conflicting economic signals, including resilient services inflation but weakening manufacturing output. Comparative Central Bank Policy Divergence The European Central Bank maintains its deposit facility rate at 3.75% following its March 2025 meeting, having implemented a more gradual tightening approach than its British counterpart. This policy divergence has fundamentally influenced EUR/GBP dynamics throughout 2024 and into early 2025. ECB President Christine Lagarde recently emphasized data-dependent decision-making, particularly focusing on wage growth trends across the eurozone. Meanwhile, the Bank of England faces additional complications from fiscal policy developments, including potential pre-election spending measures that could influence inflation expectations. Analysts at major financial institutions highlight several critical factors. ING’s currency strategy team notes that “the relative timing of policy normalization between the ECB and BoE will likely determine medium-term EUR/GBP direction.” Similarly, Goldman Sachs research indicates that “GBP sensitivity to domestic inflation surprises has increased substantially since Q4 2024.” These institutional perspectives inform current market positioning, with CFTC data showing speculative net short positions on GBP against the euro at their highest level since October 2023. Economic Fundamentals Driving Currency Valuation Beyond monetary policy considerations, fundamental economic factors increasingly influence the EUR/GBP exchange rate. The UK economy recorded 0.2% quarter-over-quarter growth in Q4 2024, narrowly avoiding technical recession but showing clear signs of stagnation. Meanwhile, the eurozone economy expanded by 0.3% during the same period, with Germany’s manufacturing sector showing tentative recovery signs. These growth differentials, though modest, contribute to currency valuation models that increasingly favor the euro on relative economic momentum. Trade balance developments further complicate the picture. The UK’s current account deficit widened to 4.2% of GDP in Q4 2024, representing its largest gap since early 2023. Conversely, the eurozone maintains a surplus position, though reduced from previous years. These structural imbalances create underlying pressures that monetary policy alone cannot fully address. Additionally, political considerations emerge as potential volatility sources, with UK general elections scheduled for May 2025 and European Parliament elections occurring in June. Key economic indicators influencing EUR/GBP: UK inflation persistence versus eurozone disinflation trend Diverging labor market conditions and wage growth patterns Relative fiscal policy trajectories and government debt dynamics Services sector performance differentials Energy price impacts on respective trade balances Market Implications and Risk Scenarios The upcoming Bank of England testimony presents several distinct scenarios for currency market participants. A hawkish tone emphasizing persistent inflation risks could strengthen sterling as markets price in delayed rate cuts, potentially pushing EUR/GBP toward 0.8500 support. Conversely, dovish commentary acknowledging growth concerns might weaken GBP, testing resistance around 0.8700. The most likely outcome, according to options market pricing, involves heightened volatility regardless of directional outcome, with one-week implied volatility reaching its highest level since December 2024. Risk management considerations become particularly important given current market positioning. Many institutional investors report reduced exposure to sterling ahead of the testimony, reflecting uncertainty about policy signals. Meanwhile, corporate hedgers demonstrate increased activity, particularly among UK exporters sensitive to euro exchange rate movements. Historical volatility patterns suggest that post-testimony adjustments typically occur within three trading sessions, with 68% of the total move completing within 48 hours according to analysis of previous events. Expert Perspectives on Policy Transmission Monetary policy transmission mechanisms provide crucial context for understanding potential currency impacts. Research from the Bank for International Settlements indicates that exchange rate pass-through to inflation has diminished in recent years but remains significant for trade-exposed economies like the United Kingdom. This reality likely influences BoE communication strategy, as policymakers balance currency stability considerations against domestic inflation objectives. Furthermore, the increasing synchronization of global monetary policy cycles reduces but does not eliminate divergence opportunities between major central banks. Academic research offers additional insights. A 2024 study published in the Journal of International Money and Finance found that “central bank communication explains approximately 30% of exchange rate variation during policy transition periods.” This finding underscores the importance of parliamentary testimony as a communication channel beyond formal policy statements. The study further notes that “forward guidance embedded in testimony frequently proves more influential than actual rate decisions when markets anticipate policy turning points.” Conclusion The EUR/GBP exchange rate faces a critical juncture as Bank of England testimony approaches, with potential to shift market expectations about the UK monetary policy path significantly. Technical indicators suggest consolidation ahead of anticipated volatility, while fundamental factors present conflicting signals about appropriate currency valuation. Market participants should prepare for multiple scenarios, recognizing that policy communication increasingly drives short-term currency movements in an environment of heightened sensitivity to central bank signals. Ultimately, the testimony’s impact on EUR/GBP will depend not only on immediate policy signals but also on how effectively the BoE communicates its assessment of competing inflation and growth risks. FAQs Q1: What time does the Bank of England testimony occur? The testimony typically begins at 10:30 AM London time (GMT) before the Treasury Select Committee, with the exact schedule confirmed by parliamentary authorities approximately 24 hours in advance. Q2: How does BoE testimony differ from regular policy announcements? Testimony provides more nuanced communication through question-and-answer format, often revealing policy committee thinking beyond formal statements, particularly regarding economic assessments and risk evaluations. Q3: What economic indicators most influence EUR/GBP movements? Inflation differentials, interest rate expectations, growth comparisons, trade balances, and relative central bank policy trajectories collectively drive the currency pair’s valuation. Q4: How long do testimony impacts typically affect currency markets? Primary volatility usually concentrates within 48 hours, but policy signal implications can influence market pricing for weeks as analysts incorporate new information into their forecasts. Q5: What technical levels should traders monitor around the testimony? Immediate support at 0.8575 and resistance at 0.8650 warrant attention, with breaks beyond these levels potentially signaling extended moves toward 0.8500 or 0.8700 respectively. This post EUR/GBP Exchange Rate Faces Critical Test as BoE Testimony Could Shift Monetary Policy Path first appeared on BitcoinWorld .

24 Feb 2026, 11:31

XRP Is Following Gold and Silver Patterns Before Big Moves

Crypto analyst STEPH IS CRYPTO has suggested that XRP is tracking a long-term breakout structure similar to patterns previously observed in gold and silver before their significant upward moves. In a recent post, the analyst stated that XRP is “following the same multi-year breakout pattern seen in gold and silver before their big moves,” urging followers to pay close attention to the setup. The accompanying charts compared historical price structures of Gold and Silver with XRP’s current formation. In each case, the visuals highlighted extended consolidation periods followed by decisive breakouts above long-standing resistance levels. The analyst marked these breakout zones with trendlines and circled areas to indicate where price action compressed before expanding upward. $XRP is following the same multi-year breakout pattern seen in gold and silver before their big moves. Pay attention. pic.twitter.com/napPD24Oo5 — STEPH IS CRYPTO (@Steph_iscrypto) February 22, 2026 Gold and Silver as Historical Reference Points In the gold chart, price action spanning more than a decade showed a rounded bottom formation followed by a period of consolidation beneath a horizontal resistance line. Once that resistance was breached, gold advanced sharply to new highs. A similar structure was displayed for silver, where a prolonged corrective phase formed a large base before the price broke above a descending resistance line, leading to a strong rally. By placing these charts alongside XRP’s multi-year structure, STEPH IS CRYPTO implied that XRP is nearing a comparable technical inflection point. The XRP chart shows an extended period of compression stretching back several years, with a gradually rising support structure and price attempting to break above a long-term trendline. A circled region on the chart highlights the current price area as critical. XRP’s Eight-Year Compression Phase According to the analyst’s presentation, XRP has consolidated for approximately 8 years following its previous peak. The chart illustrates a rounded accumulation zone and a gradual tightening of price action beneath an ascending resistance line. The visual comparison suggests that, if the pattern continues to align with the precious metals examples, a significant expansion phase could follow. Community Responses Reflect Diverging Views The post generated mixed reactions. One commenter, identified as Virachocha, argued that while structural parallels may exist, XRP lacks the scarcity and store-of-value characteristics associated with gold and silver. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The commenter added that cryptocurrency markets are more sensitive to regulatory developments and liquidity conditions than to the multi-decade macroeconomic cycles influencing precious metals. The same commenter also advised monitoring geopolitical tensions, including developments related to Iran, as potential drivers of volatility in digital asset markets. Another user, Amelie Schäfer, supported the comparison. She stated that the consolidation seen in gold between 2020 and 2022 closely resembles XRP’s current structure after years of compression. According to her view, if XRP follows a similar trajectory, the upside potential could be substantial. STEPH IS CRYPTO’s analysis centers on technical structure rather than macroeconomic narrative. By drawing parallels to prior breakouts in gold and silver , the analyst has positioned XRP’s current chart as one that warrants close observation in the months ahead. 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 XRP Is Following Gold and Silver Patterns Before Big Moves appeared first on Times Tabloid .

24 Feb 2026, 11:30

U.S. officials target DeepSeek for training new AI model on restricted Nvidia chips

DeepSeek plans to release a new AI model as soon as next week, and U.S. officials say it was trained on Nvidia’s most advanced Blackwell chips. A senior official in Donald Trump’s administration allegedly said on Monday that this could break current U.S. export control laws. Those rules block the sale of Blackwell processors to China. The official said, “we’re not shipping Blackwells to China.” He did not explain how the government got the information or how DeepSeek obtained the chips. U.S. officials believe DeepSeek may remove technical signs that could show the chips came from the United States. The same official said the Blackwell units are likely grouped together at a DeepSeek data center in Inner Mongolia. That region is an autonomous area in northern China known for large energy projects and server farms. If the U.S. confirms that DeepSeek accessed these chips, it could deepen political tension in Washington over how far export limits should go. Officials clash over chip sales and security rules The Chinese embassy in Washington rejected the accusation. In a statement, it said China opposes “drawing ideological lines, overstretching the concept of national security, expansive use of export controls and politicizing economic, trade, and technological issues.” On Tuesday, foreign ministry spokesperson Mao Ning told reporters she was not aware of the specific case. She added that China had already made its position clear on U.S. chip restrictions. Export controls fall under the U.S. Commerce Department. Blackwell shipments to China are currently banned. In August, Donald Trump signaled that Nvidia could sell a reduced Blackwell version to Chinese buyers. He later changed direction and said the company’s top chips should stay inside the United States. In December, he allowed Chinese firms to purchase Nvidia’s second most advanced chip, the H200. That decision drew sharp criticism from lawmakers who take a hard line on China. Shipments of H200 chips are still paused because of approval guardrails. White House AI czar David Sacks and Nvidia CEO Jensen Huang argue that allowing limited sales could slow the rise of Chinese rivals like Huawei. Some lawmakers disagree. They fear advanced chips could support military systems and weaken U.S. dominance in artificial intelligence. The official also said the new DeepSeek model likely used “distillation” from leading U.S. AI systems built by Anthropic , Google, OpenAI, and xAI. Distillation means a stronger model checks and grades the answers of a newer one. The smaller system then learns from those results. OpenAI and Anthropic have raised similar concerns before about Chinese developers using this method. Hangzhou-based DeepSeek drew global attention early last year when it released models that rivaled leading U.S. systems. That release raised alarms in Washington about China closing the AI gap despite trade barriers. Investors watch for Nvidia earnings and AI spending data All this unfolds days before Nvidia reports fourth-quarter earnings on February 25. Last quarter, revenue beat guidance by almost $3 billion and showed $10 billion in sequential growth. Despite those numbers, the stock fell from $186.52 on earnings day to $180.64 the next session. Shares had earlier peaked at $207.04 on October 29. They later dropped and closed at $171.88 on February 5 after a partial recovery. Morgan Stanley analyst Joseph Moore expects strong Q4 results. Joseph said he sees at least $2 billion above the current $64 billion revenue guidance. Consensus sits near $72 billion. He said the ramp of the Vera Rubin chip should stay on schedule. He also noted demand for AI compute remains strong across DRAM, NAND, HDD, optical, CPU, and power supply chains. Bank of America analyst Vivek Arya updated his outlook before earnings. Vivek said cloud capital spending could reach $748 billion in 2026 and $869 billion in 2027. That represents growth of 56% and 16% year over year. He expects the data center systems market to expand 64% in 2026, while AI systems could grow close to 100% because of new accelerator deployments. Even without Google, which uses its own TPUs, 2026 cloud capex may rise about 45% to $180 billion. Vendors are expected to pass higher HBM and DDR costs to customers to maintain margins as system sales increase. Claim your free seat in an exclusive crypto trading community - limited to 1,000 members.

24 Feb 2026, 11:30

Bitcoin Capitulation: Panic Selling Plunges BTC Below $63K as Market Faces Intense Pressure

BitcoinWorld Bitcoin Capitulation: Panic Selling Plunges BTC Below $63K as Market Faces Intense Pressure Global cryptocurrency markets witnessed a significant downturn this week as Bitcoin, the leading digital asset, plunged below the $63,000 support level. This sharp decline signals a potential full-blown Bitcoin capitulation phase, characterized by widespread panic selling among short-term investors. On-chain analytics firms report that market sentiment has reached a critical juncture, with technical indicators flashing warnings not seen in months. Consequently, the entire digital asset sector now faces mounting downward pressure, testing the resilience of long-term holders. Understanding the Bitcoin Capitulation Phase Market analysts define capitulation as a period of extreme sell-off where investors, overwhelmed by fear and declining prices, surrender and exit their positions. This event often creates a local price bottom. Currently, data from platforms like Glassnode confirms this behavior. Short-term holders, typically defined as wallets holding BTC for less than 155 days, are leading the sell-off. These investors, who likely bought near recent highs, are now liquidating assets to avoid further losses. Meanwhile, long-term holders generally demonstrate more steadfast behavior, although some may also contribute to the selling pressure. Historically, capitulation phases have preceded major market recoveries. For instance, similar patterns emerged during the 2018 bear market and the March 2020 liquidity crisis. Each period featured a dramatic spike in exchange inflows, signaling a rush to sell, followed by a period of consolidation and eventual recovery. The current market structure shows parallels to these events, suggesting a potential cleansing of speculative excess. However, external macroeconomic factors in 2025, such as interest rate policies and geopolitical tensions, add complex layers to this cycle. Technical Indicators and On-Chain Data Analysis The Relative Strength Index (RSI) serves as a crucial momentum oscillator. Bitcoin’s RSI recently approached multi-year lows, indicating the asset is deeply oversold. This technical condition often precedes a trend reversal or a relief rally. Furthermore, the Mayer Multiple, which compares the current price to its 200-day moving average, has also declined significantly. On-chain metrics provide additional context. The Spent Output Profit Ratio (SOPR) for short-term holders has dipped below one, meaning these investors are selling at an overall loss. The NUPL (Net Unrealized Profit/Loss) metric similarly indicates that the market is in a state of fear, approaching the capitulation threshold. Expert Insights on Market Structure Industry researchers emphasize the importance of derivative market dynamics. Funding rates across major exchanges have turned negative, reflecting bearish sentiment among leveraged traders. This can sometimes set the stage for a short squeeze if prices begin to rebound. Analysts also monitor exchange reserves; a decline suggests investors are moving coins to cold storage, a bullish sign for long-term supply. Conversely, rising reserves indicate selling pressure. Current data shows a mixed picture, with some accumulation by large wallets amidst the retail sell-off. This divergence highlights the nuanced battle between fear-driven sellers and value-seeking buyers in the current BTC price drop environment. Comparative Market Pressure Across Cryptocurrencies The selling pressure is not isolated to Bitcoin. Major altcoins, often correlated with BTC’s price action, have experienced steeper percentage declines. Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) all faced double-digit losses. This broad-based decline underscores the systemic nature of the current cryptocurrency market pressure . The table below illustrates the performance of top assets during this period. Asset Price Change (7-Day) Key Support Level Bitcoin (BTC) -12% $60,000 Ethereum (ETH) -18% $3,000 Binance Coin (BNB) -15% $500 Solana (SOL) -22% $120 Several factors contribute to this sector-wide weakness. Firstly, leveraged positions are being liquidated en masse, creating cascading sell orders. Secondly, macroeconomic uncertainty is driving capital toward traditional safe-haven assets. Finally, regulatory developments in key jurisdictions continue to influence investor confidence. The convergence of these factors creates a challenging environment for digital assets, extending the market pressure beyond simple profit-taking. The Path Forward and Historical Precedents Market cycles are inherently repetitive, though never identical. Analyzing past capitulation events provides a framework for potential outcomes. Key phases typically include: Denial: Initial price decline met with buying. Fear: Accelerated selling as support breaks. Capitulation: Panic selling and peak negative sentiment. Stabilization: Volatility decreases, selling exhausts. Accumulation: Strategic buyers re-enter at lower prices. Current evidence suggests the market is in the transition from fear to capitulation. The critical factor for a durable bottom will be a sustained decrease in exchange inflows from long-term holders. Furthermore, monitoring the creation of new addresses and network activity can signal returning fundamental strength. While the short-term outlook appears dominated by fear, the underlying blockchain technology and adoption metrics, such as institutional custody growth and Lightning Network capacity, continue their long-term upward trajectories. Conclusion The cryptocurrency market is navigating a pronounced Bitcoin capitulation phase, with BTC’s price falling below $63,000. This movement, driven by short-term holder panic and reflected in oversold technical indicators like the RSI, presents a high-stress test for investor conviction. While the prevailing cryptocurrency market pressure is intense, historical data indicates that such periods often lay the groundwork for the next cycle. The coming weeks will be crucial for observing whether selling exhausts itself and if foundational buyers emerge, potentially marking a significant inflection point for digital asset prices in 2025. FAQs Q1: What does ‘Bitcoin capitulation’ mean? A1: Capitulation refers to a period of mass, panic-driven selling where investors give up hope and exit positions at a loss, often marking a potential bottom in a market cycle. Q2: Why is the RSI indicator important right now? A2: Bitcoin’s RSI near all-time lows signals the asset is extremely oversold. This momentum indicator suggests selling may be overextended and a technical rebound could be possible. Q3: Who are ‘short-term holders’ and why are they selling? A3: Short-term holders are addresses that acquired Bitcoin within the last 155 days. They are likely selling now to cut losses after buying at higher prices, fueling the downward momentum. Q4: Does capitulation mean the price will go up soon? A4: Not immediately. While capitulation can indicate a local bottom, prices often stabilize and consolidate for some time before a sustained recovery begins, as fear subsides. Q5: How does current market pressure affect altcoins? A5: Altcoins typically exhibit higher volatility and correlation with Bitcoin. During broad market pressure , they often experience larger percentage declines than BTC, as seen in the recent sell-off. This post Bitcoin Capitulation: Panic Selling Plunges BTC Below $63K as Market Faces Intense Pressure first appeared on BitcoinWorld .

24 Feb 2026, 11:20

Dogecoin Shows Early Signs of Momentum Shift Against Bitcoin

Dogecoin may be positioning for a potential price breakout against Bitcoin, according to crypto trader Surf. He shared a weekly chart update highlighting subtle gains in both price and the Relative Strength Index (RSI). Bitcoin price has dipped 4.85% over the past day, trading at $63,219, while Dogecoin posted a modest 5.61% loss. The divergence from Bitcoin is fueling speculation that DOGE could outperform the leading cryptocurrency if momentum continues. Weekly Chart Signals Growing Confidence Surf posted a follow-up tweet reading “Good DOGE,” signaling optimism after earlier analysis of the DOGE/BTC weekly chart. The chart shows Dogecoin in a long-term downtrend against Bitcoin, yet the RSI has pushed slightly higher. Technical analysis suggests that a rising RSI amid price compression can indicate weakening selling pressure. According to Surf, the subtle uptick in both price and RSI strengthens the setup, making it noteworthy for traders observing weekly closes. The weekly close is particularly significant as it reflects sustained buying or selling pressure over multiple days, offering a clearer picture than intraday movements. Surf emphasized he was “watching the close,” indicating that confirmation of trend change would come only if momentum held through the weekly candle. Traders interpret the RSI pressing against a descending resistance line as an early signal that Dogecoin may be ready for a larger move. Implications for Dogecoin and Bitcoin At press time, Dogecoin price is trading at $0.09091, erasing earlier losses and entering positive territory. If the current trend endures, Dogecoin could begin outperforming Bitcoin, attracting capital rotation toward meme coins. Analysts caution that Bitcoin’s stability is crucial, a deeper dip in Bitcoin could quickly reduce DOGE gains as investors withdraw from higher-risk assets. Surf’s chart update highlights that momentum shifts often start subtly, with early RSI movements preceding price action on higher timeframes. Traders watching the DOGE/BTC pair now see the slight RSI push as a potential prelude to a trend reversal. If Dogecoin sustains its weekly gains and RSI breaks above resistance, the downtrend against Bitcoin could weaken, opening opportunities for further upward movement.