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Dogecoin
NFT Gaming

Dogecoin Price Crash To Continue? Historical Data Shows When A Bottom Will Happen

by admin June 24, 2025


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Dogecoin has been under intense pressure in recent days, with its price sinking to a new local low of $0.14 after shedding more than 35% of its value over the past month. Despite intermittent bounces, Dogecoin’s price action has been relatively weak, and the meme coin is now retesting a long-term trendline drawn from the 2021 all-time high.

There have been speculations about how much longer this correction might last and when the next major reversal could begin. According to technical speculations by a crypto analyst, Dogecoin is still on track to register a new peak by August.

Estimating Dogecoin Top Formation

Crypto analyst Javier, posting on the social media platform X, has drawn attention to Dogecoin’s past behavior in major bull cycles by showing a repeating pattern in how long Dogecoin typically takes to form both its bottoms and its tops. According to the chart and notes shared by the analyst, historical bottoms have often developed over 112 to 133 days, with an average of about 122 days. 

Meanwhile, Dogecoin’s cycle tops have historically formed within 91 to 119 days, averaging around 107 days. These durations have been consistent across multiple cycles since 2017. This trend is visualized in the chart below, which highlights four different breakouts and corrections spanning from 2017 to the current cycle.

The data shows that DOGE is currently progressing through a similar phase. According to the analysis, Dogecoin had already dropped to a low of about $0.14 in April. Interestingly, despite the crash in the past 24 hours, Dogecoin seems to have respected this low. 

Source: Javier on X

The ongoing price action is now that of a movement towards a new peak, which should take an average of 119 days. More notably, the analyst noted that the maximum time it has taken for a top in any previous cycle is 119 days. If repeated, the analysis points to August 4, 2025, as a probable peak for the current leg of Dogecoin’s price action. This means a strong move to the upside may soon begin before the next reversal toward a new low. From where we are, the reversal should start between the next 14 and 49 days.

Reversal Window Between Mid-July And Early August

The analyst projects that if the current pattern holds true, the next meaningful reversal for Dogecoin could begin anytime from around 49 to 14 days before this projected August 4 top. This places the likely window for a price bottom and new peak between now and mid-July and early August.

The implication here is that the meme coin may still experience additional short-term downside or sideways movement before reentering a bullish trend.  At the time of writing, DOGE is trading at $0.1642, up by 5.7% in the past 24 hours.

DOGE trading at $0.16 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 24, 2025 0 comments
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is a Three Drives Pattern forming?
NFT Gaming

will a Double Bottom trigger a reversal?

by admin June 24, 2025



Floki is nearing the origin of its last major rally after a prolonged decline. A double bottom formation could be in play, but only if key levels and volume align.

Floki (FLOKI) has been in a sustained downtrend after rejecting from the value area high and losing the point of control. This momentum shift triggered a broad correction, with price now nearing the origin of its previous major rally, a region that may act as the foundation for a potential double bottom reversal, if confirmed with structure and volume.

Key technical points

  • Current Trend: Bearish correction after rejection from key resistance.
  • Critical Support Zone: Approaching previous rally origin, potential double bottom area.
  • Volume Behavior: Low during decline, volume surge required for bullish confirmation.
  • Reversal Signal: Reclaiming the value area high would confirm structure shift.

FLOKIUSDT (1D) Chart, Source: TradingVIew

Floki’s decline began with a clean rejection at the value area high and a breakdown through the point of control, signaling weakening structure and a shift in trend. Since then, price action has drifted lower with minimal volume support, highlighting a lack of buyer conviction.

Now, Floki is trading near the origin of its last major rally, an area that previously triggered strong upward momentum. If price can hold this support zone and establish a base, there is a strong technical case for a double bottom formation. However, this setup is still in early development.

Confirmation would require Floki to consolidate in this region and reclaim the value area high with a meaningful increase in volume. Without an influx of demand, the double bottom setup could fail, leaving room for continued downside.

This formation represents a key inflection point within the broader trading range. Until Floki reclaims high timeframe resistance with conviction, price is likely to remain rotational.

What to expect in the coming price action

Floki is nearing a make-or-break support level. If a double bottom forms and the value area high is reclaimed on volume, a new rally could begin. Otherwise, further downside remains in play. The developing structure is worth watching, as it may signal the early stages of a macro reversal, but only if bulls step in decisively.



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June 24, 2025 0 comments
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$200 GPU Face-off: Nvidia vs AMD vs Intel
Product Reviews

$200 GPU face-off: Nvidia RTX 3050, AMD RX 6600, and Intel Arc A750 duke it out at the bottom of the barrel

by admin June 21, 2025



It’s a tough time to be a gamer on a tight budget. The AI boom has made fab time a precious resource. There’s no business case for GPU vendors to use their precious TSMC wafers to churn out low-cost, low-margin, entry-level chips, much as we might want them to.

The ever-shifting tariff situation in the USA means prices are constantly in flux. And ever-increasing VRAM requirements mean that the 4GB and 6GB graphics cards of yore are being crushed by the latest games. Even if you can still find those cards on shelves, they’re not smart buys.

So what’s the least a PC gamer can spend on a new graphics card these days and get a good gaming experience? We tried to find out.


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We drew a hard line at cards with 8GB of VRAM. Recent graphics card launches have shown that 8GB is the absolute minimum for gamers who want to run modern titles at a 1080p resolution.

PC builders in this bracket aren’t going to be turning on Ray Tracing Overdrive mode in Cyberpunk 2077, or RT more generally, which is where VRAM frequently starts to become a true limit. Even raster games can challenge 8GB cards at 1080p with all settings maxed, though.

We also limited our search to modern cards that support DirectX 12 Ultimate. You might find a cheap GPU out there with 8GB of VRAM, but if it doesn’t support DirectX 12 Ultimate, it’s truly ancient.

Within those constraints, we found three potentially appealing options, all around the $200 mark. The Radeon RX 6600 is available for just $219.99 at Newegg right now in the form of ASRock’s Challenger D model. Intel’s Arc A750 can be had for $199.99, also courtesy of ASRock. Finally, the GeForce RTX 3050 8GB is still hanging around at $221 thanks to MSI’s Ventus 2X XS card. We pitted this group against each other to find out whether any of them are still worth buying.

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Raster gaming performance

We whipped up a quick grouping of a few of today’s most popular and most advanced games at 1080p and high or ultra settings without upscaling enabled, along with a couple older titles, to get a sense of how these cards still perform. We also did 1440p tests across a mix of medium and high settings (plus upscaling on Alan Wake 2) to see how these cards handled a heavier load.

Image 1 of 20

(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)(Image credit: Toms Hardware)(Image credit: Toms Hardware)(Image credit: Toms Hardware)(Image credit: Toms Hardware)(Image credit: Toms Hardware)(Image credit: Toms Hardware)(Image credit: Toms Hardware)(Image credit: Toms Hardware)(Image credit: Toms Hardware)(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)

The Arc A750 consistently leads in our geomean of average FPS results at 1080p. It’s 6% faster than the RX 6600 overall and 22% faster than the RTX 3050. At 1440p, the A750 leads the RX 6600 by 18% and the RTX 3050 by 25%.

The Arc A750 also leads the pack in the geomean of our 99th-percentile FPS results. It delivered the smoothest gaming experience across both resolutions.

Some notes from our testing: Alan Wake 2 crushes all of these cards, and you’re going to want some kind of upscaling to make it playable. Given the option, we’d also turn Nanite and Lumen off in any Unreal Engine 5 title that supports them, as they either tank performance (in the case of the RTX 3050 and A750) or introduce massive graphical errors (as seen on the Radeon RX 6600 in Fortnite).

Image 1 of 2

There’s supposed to be ground there… (Image credit: Tom’s Hardware)There’s supposed to be ground there… (Image credit: Tom’s Hardware)

The major Fortnite graphics corruptions we saw on the RX 6600 have been reported for months across multiple driver versions on all graphics cards using Navi 23 GPUs, not just on the RX 6600, and it’s not clear why AMD or Epic hasn’t fixed them. The RX 6600 is also the single most popular Radeon graphics card in the Steam hardware survey, so we’re surprised this issue is still around. We’ve brought it up with AMD and will update this article if we hear back.

⭐ Winner: Intel

Ray tracing performance

Let’s be blunt: don’t expect a $200 graphics card to deliver acceptable RT performance. 8GB of VRAM isn’t enough to enable the spiffiest RT effects in today’s titles; the visual payoff usually isn’t worth the performance hit, and enabling upscaling at 1080p generally compromises visual quality, even as it claws back some of that lost performance. It’s better to put other priorities first (or to save up for a more modern, more powerful graphics card).

Image 1 of 3

(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)(Image credit: Tom’s Hardware)

Even with those cautions in mind, we were surprised to see that the Arc A750 can still deliver a reasonably solid experience with RT on in older titles. Doom Eternal still runs at high frame rates with its sole RT toggle flipped on, and Cyberpunk 2077 offers a solid enough foundation for enabling XeSS at 1080p and medium RT settings if you’re hell-bent on tracing rays.

Black Myth Wukong overwhelms the A750 even with low ray tracing settings and XeSS Balanced enabled, though, so performance tanks. XeSS also introduces plenty of intrusive visual artifacts that make it unusable in this benchmark, and the game’s FSR implementation is no better. It’s modern RT titles like this where 8GB cards like the A750 are most likely to end up struggling.

The RTX 3050 does OK with the relatively light RT load of Doom Eternal, but it can’t handle Cyberpunk 2077 well enough to create a good foundation for upscaling, and Black Myth Wukong is also out of the question.

The RX 6600 has the least advanced and least numerous RT accelerators of the bunch, so its performance lands it way at the back of the pack.

⭐ Winner: Intel

Upscaling

The RTX 3050 is the only card among these three that can use Nvidia’s best-in-class DLSS upscaler, which recently got even better in some games thanks to the DLSS 4 upgrade and its transformer-powered AI model. DLSS is an awesome technology in general, and Nvidia claims that over 800 games support it; however, the performance boost it offers on the RTX 3050 isn’t particularly great. This is not that powerful a GPU to begin with, and multiplying a low frame rate by a scaling factor just results in a slightly less low frame rate.

Four years after its introduction, some version of AMD’s FSR is available in over 500 games, and it can be enabled on virtually every GPU. That ubiquity is good news for the RX 6600 (and everybody else), but there’s a catch: FSR’s delivered image quality so far has tended to be worse than DLSS and XeSS. The image quality gap appears set to close with FSR 4, but the Radeon RX 6600 won’t get access to that tech. It’s reserved for RX 9000-series cards only.

Intel’s XeSS upscaler can be enabled on graphics cards from any vendor if a game supports it, although the best version of the XeSS model only runs on Arc cards. XeSS is available in over 200 titles, so even though it’s not as broadly adopted as DLSS or FSR, it’s fairly likely you’ll find it as an option. We’d prefer it over FSR on an Arc card where it’s available, and you should try it on Radeons to see if the results are better than AMD’s own tech.

⭐ Winner: Nvidia (generally), AMD (in this specific context)

Today’s best Intel Arc A750, AMD Radeon RX 6600 and Nvidia RTX 3050 deals

Frame generation

The RTX 3050 doesn’t support DLSS Frame Generation at all. If you want to try framegen on this card, you’ll have to rely on cross-vendor approaches like AMD’s FSR 3 Frame Generation.

Intel’s Xe Frame Generation comes as part of the XeSS 2 feature set, and those features are only baked into 22 games so far. Unless one of your favorite titles already has XeSS 2 support, it’s unlikely that you’ll be able to turn on Intel’s framegen tech on your Arc card. As with the RTX 3050, your best shot at trying framegen comes from AMD’s FSR 3.

AMD’s FSR Frame Generation tech comes as part of the FSR 3 feature set, which has been implemented in 140 games so far. As we’ve noted, FSR 3 framegen is vendor-independent, so you can enable it on any graphics card, not just the RX 6600.

AMD’s more basic Fluid Motion Frames technology also works on the RX 6600, but only in games that offer an exclusive fullscreen mode. Since Fluid Motion Frames is implemented at the driver level, it lacks access to important motion vector information that FSR3 Frame Generation gets. FMF should be viewed as a last resort.

⭐ Winner: AMD

Power

The RTX 3050 is rated for 115W of board power, but it doesn’t deliver particularly high performance to go with that rating. It’s just a low-power, low-performance card.

The Radeon RX 6600 delivers the best performance per watt in this group with its 132 W board power. It needs 15% more power than the RTX 3050 to deliver about 14% more performance at 1080p.

Intel’s Arc A750 needs a whopping 225 W to deliver its strong performance in gaming, or nearly 100W more than the RX 6600. That’s 70% more power for just 6% higher performance at 1080p, on average. Worse, Intel’s card also draws much more power at idle than either the RX 6600 or A750 without tweaking BIOS and Windows settings to mitigate that behavior.

⭐ Winner: AMD

Drivers and software

Nvidia’s Game Ready drivers reliably appear alongside the latest game releases, and Nvidia has a history of quickly deploying hotfixes to address specific show-stopping issues. Users have reported that Nvidia’s drivers have been getting a little shaky alongside the release of RTX 50-series cards, though, and we’ve seen evidence of that same instability in our own game testing.

Games aren’t the only place where drivers matter. Nvidia’s massive financial advantage over the competition means that non-gamers who still need GPU acceleration, like those using Adobe or other creative apps, can generally trust that their GeForce card will offer a stable experience with that software.

The Nvidia App (formerly GeForce Experience) includes tons of handy features, like one-click settings optimization and game recording tools. Nvidia also provides useful tools like Broadcast for GeForce RTX owners free of charge. We don’t think you should pick the RTX 3050 for gaming on the basis of Nvidia’s drivers or software alone, though.

Intel has kept up a regular pace of new driver releases with support for the latest games, although more general app support may be a question mark. Intel Graphics Software has a slick enough UI and an everything-you-need, nothing-you-don’t feature set for overclocking and image quality settings. We wouldn’t choose an Arc card on the basis of Intel’s software support alone, but the company has proven its commitment to maintaining its software alongside its hardware.

AMD releases new graphics drivers on a monthly cadence, but some big issues may be getting through QA for older products like the RX 6600. Even in the limited testing we did for this face-off, we saw show-stopping rendering bugs in the latest version of Fortnite with Nanite virtualized geometry enabled. Users have been complaining of this issue for months, and it seems widespread enough that someone should have noticed by now.

The AMD Software management app boasts a mature, slick interface and useful settings overlay, along with plenty of accumulated features like Radeon Chill that some enthusiasts might find handy.

⭐ Winner: Nvidia

Accelerated video codecs

You probably don’t need a $200 discrete GPU for video encoding alone. If you already have a modern Intel CPU with an integrated graphics processor, you can already get high-quality accelerated video encoding and decoding without buying a discrete GPU.

That said, if you don’t have an Intel CPU with integrated graphics and you must have a high-quality accelerated video codec for transcoding, the RTX 3050 could be worth it as a light-duty option. If NVENC is all you want or need, though, the even cheaper (and less powerful) RTX 3050 6GB can be had for a few bucks less.

The Arc A750’s video engine supports every modern codec we’d want, and it offers high quality and performance. The high power requirements of the A750 (even at idle and under light load) make it unappealing for use in something like a Plex box, though. If accelerated media processing is all you need, you can still pick up an Arc A380 for $140.

The less modern accelerated video codec on the Radeon RX 6600 (and in Ryzen IGPs) produces noticeably worse results than those of AMD or Intel. It works fine in a pinch, but you will notice the lower-quality output versus the competition. If you’re particular about your codecs, look elsewhere.

⭐ Winner: Two-way tie (Intel and Nvidia)

Virtual reality

While VR hasn’t changed the world as its boosters once promised it would, the enduring popularity of apps like Beat Saber and VRChat means that we should at least give it a cursory look here.

The RTX 3050 and Radeon RX 6600 technically support basic VR experiences just fine, although you may find their limited power requires enabling performance-boosting tech like timewarp and spacewarp to get a comfortable experience.

Intel doesn’t support VR HMDs on the Arc A750 (or any Arc card at all, for that matter), so it’s a total no-go if you want to experience VR on your PC.

⭐ Winner: Two-way tie (AMD and Nvidia)

Bottom line

Swipe to scroll horizontallyHeader Cell – Column 0

AMD RX 6600

Nvidia RTX 3050 8GB

Intel Arc A750

Raster Performance

Row 0 – Cell 1 Row 0 – Cell 2

❌

Ray Tracing

Row 1 – Cell 1 Row 1 – Cell 2

❌

Upscaling

❌

Row 2 – Cell 2 Row 2 – Cell 3

Frame Generation

❌

Row 3 – Cell 2 Row 3 – Cell 3

Power

❌

Row 4 – Cell 2 Row 4 – Cell 3

Drivers

Row 5 – Cell 1

❌

Row 5 – Cell 3

Accelerated Codecs

Row 6 – Cell 1

❌

❌

Virtual reality

❌

❌

Row 7 – Cell 3

Total

4

3

3

Let’s be frank: it’s a rough time to be buying a “cheap” graphics card for gaming. To even touch a modern GPU architecture, you need to spend around $300 or more. $200 is the bottom of the barrel.

8GB of VRAM is a compromise these days, but our experience shows that you can get by with it at 1080p if you’re willing to tune settings. It isn’t reasonable to slam every slider to ultra and expect a good experience here. Relax some settings, enable upscaling when you need it, and you can still have a fun time at 1080p with just two Franklins in your wallet.

So who’s our winner? Not the GeForce RTX 3050. This card trails both the Radeon RX 6600 and Arc A750 across the board. You can’t enable DLSS Frame Generation on the RTX 3050 at all, and we’re not sure that getting access to the image quality of GeForce-exclusive DLSS 4 upscaling is worth dealing with this card’s low baseline performance. Unless you absolutely need a specific feature or capability this card offers, skip it.

Even four years after its launch, the Radeon RX 6600 is still solid enough for 1080p gaming. It trailed the Arc A750 by about 6% on average at 1080p (and about 15% at 1440p).

If it weren’t for this performance gap, the RX 6600’s strong showing in other categories would make it our overall winner. But not every win carries the same weight, and performance matters most of all when discussing which graphics card is worth your money.

That said, the RX 6600’s performance per watt still stands out. It needs 90 W less power than the A750 to do its thing, and it’s well-behaved at idle, even with a 4K monitor. If you have an aging or weak PSU, the RX 6600 might be your upgrade ticket.

AMD’s widely adopted and broadly compatible FSR upscaling and frame generation features help the RX 6600’s case, but they also work on the RTX 3050 and A750, so it’s kind of a push. The only real downsides to the RX 6600 are its dated media engine and poor RT performance. We also saw troubling graphical glitches in titles as prominent as Fortnite on this card that we didn’t experience on the Intel or Nvidia competition.

That leaves us with the Arc A750. This card delivers the most raw gaming muscle you can get for $200 at both 1080p and 1440p, but it comes with so many “buts.” Its high power requirements might make gamers with older or lower-end PSUs think twice. Intel’s graphics driver can be more demanding on the CPU than the competition, meaning older systems might not be able to realize this card’s full potential. And older systems that don’t support Resizable BAR won’t work well with the A750 at all.

Our experience shows that the A750 can stumble with Unreal Engine 5’s Lumen and Nanite tech enabled, and not every game exposes them as a simple toggle like Fortnite does. More and more studios are using UE5 as the foundation for their games, so there’s a chance this card could underperform in future titles in spite of its still-strong potential.

If you can’t spend a dollar more than $200 and you don’t mind risking the occasional performance pitfall in exchange for absolute bang-for-the-buck, the Arc A750 is still worth a look. If you want a more mature, well-rounded card, the Radeon RX 6600 is also a good choice for just a few dollars more. But if you have the luxury of saving up enough to get even an RTX 5060 at $300, we’d think long and hard about spending good money to get an aging graphics card.

Bottom line: None of these cards could be described as outright winners. Intel, AMD, and Nvidia all have plenty of opportunity to introduce updated GPUs with modern architectures in this price range, but there are no firm signs that any of them plan to (at least on the desktop). Until that happens, PC gamers on strict budgets will have to pick through older GPUs like these on the discount rack when buying new, or hold out for a used card with all its attendant risks.



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June 21, 2025 0 comments
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Picture of CoinDesk author Will Canny
Crypto Trends

Polkadot’s DOT Bounces 4% After Forming Triple Bottom at $3.47 Support Level

by admin June 20, 2025



DOT rebounded, gaining 4%, after dropping 3.67% to $3.464, where it found strong support, according to CoinDesk Research’s technical analysis model. The move higher was on strong volume, the model showed.

A bullish reversal pattern has formed with consecutive higher lows since the bottom, which suggests further potential upside, according to the model.

In recent trading, DOT was 0.5% lower over 24 hours at around $3.57. The broader market gauge, the CoinDesk 20, was 1.2% higher at publication time.

Technical Analysis:

  • DOT experienced a 3.67% correction from $3.596 to $3.464 before finding strong support.
  • Volume exceeded 2.5M units at the $3.47 support level, significantly above the 24-hour average.
  • A bullish reversal pattern formed with consecutive higher lows since the bottom.
  • V-shaped recovery pattern emerged starting at 11:43, with volume increasing to over 34,000 units during the 11:45 timeframe.
  • Price broke through multiple resistance levels, reaching a peak of $3.559 at 12:09.
  • Potential continuation of upward momentum if the $3.57 resistance can be cleared.

Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk’s editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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June 20, 2025 0 comments
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Esports

Antony savours Brazil call-up, hit ‘rock bottom’ at Man United

by admin June 10, 2025



Jun 10, 2025, 04:43 AM ET

Antony has described his return to the national team as more emotional than his first Brazil call-up after “hitting rock bottom” at Manchester United earlier this season.

The winger, who has not played for the national team since 2023, was included in Carlo Ancelotti’s squad for this month’s World Cup qualifiers after an impressive second half of the campaign on loan at Real Betis from United.

“It was one of the most emotional moments,” Antony told Brazil’s Football Confederation. “I mentioned to some friends here in the national team that this call-up was more exciting than the first time I came here [October 2021], and it was even more emotional because of everything I’ve been through.

“Being in good shape, hitting rock bottom, and having the resilience that I had, with the help of God and my family, was very important.”

Antony has said he hit rock bottom at Manchester United and is emotional returning to the Brazil setup. Miguel Schincariol/Getty Images

Antony has scored just 12 goals in 96 appearances for United since his £85 million ($114.6m) transfer from Ajax in 2022. He did not start in any Premier League games this season before joining Betis.

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He did get regular playing time at Betis, scoring nine goals in 26 games while also helping the club reach its first European final.

“Even though I had no hope during the difficult time I was going through, at the same time I remembered many things I had experienced,” Antony, 25, said.

“I stopped to think and said to myself: ‘I haven’t forgotten how to play soccer, I didn’t play in a World Cup for nothing, I didn’t make it to the national team for nothing.’ Everything happens for a reason, and this process was very necessary for my life because it made me stronger.”

Antony’s last game for Betis was a 4-1 defeat to Chelsea in the Conference League final. He bid farewell to Betis on May 31, describing his spell at the Seville-based club as “one of the most beautiful chapters of my life.”

Antony has a contract with United until June 2027. He has scored two goals in 16 appearances for Brazil.



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June 10, 2025 0 comments
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is the bottom finally in?
Crypto Trends

is the bottom finally in?

by admin June 4, 2025



Moonpig has faced a steep 33.91% correction, pushing price action toward a critical inflection point at the local range low. With the current trading range spanning over 166%, volatility is expected to surge, making the next move a key signal for traders.

After a sharp 33% pullback, Moonpig (Moonpig) is now trading at a crucial level near its local range low. This zone could act as a springboard for a potential liquidity grab and reversal setup, commonly referred to as a swing failure pattern. With a vast trading range and the current structure still ranging, traders are watching closely for signals of structural change.

Key Technical Points

  • Range Low Liquidity Zone: Price is hovering above the local range low, where a sweep of liquidity could lead to a bullish SFP reversal back into the range.
  • Point of Control Resistance: The POC within the range has historically acted as resistance; breaking and holding above it could set up a grind toward the range high.
  • Fibonacci Extension Target: If the range high is breached with momentum, the next target lies 390% higher based on Fibonacci extension projections.

MoonPigUSDT (4H) Chart, Source: TradingView

Moonpig’s 33% decline has brought it close to the bottom of its well-defined trading range. If the current local low is breached, it may result in a classic swing failure pattern, where price momentarily dips below support to grab liquidity before snapping back inside the range. This pattern is often used by experienced traders as a high-probability long setup.

At present, the market is not showing a bullish structure. Instead, price action remains rotational, trading within a 166% wide range. Until there’s a structural shift, the base assumption is for continued range-bound behavior.

Within this range, the point of control sits below the range high and has been a strong reaction zone in the past. Price has repeatedly wicked into this area, only to rotate lower. If price action can reclaim and consolidate above the POC, the probability of a move toward the range high increases substantially.

A breakout beyond the range high would open the door for a much larger move, targeting a Fibonacci extension level over 390% above current levels. However, until that occurs, volatility within the current range should be expected, with the bias favoring mean-reversion setups.

What to expect in the coming price action

Moonpig remains in a large consolidation phase. If price sweeps the current range low and reclaims it, this could be the first signal of a structural shift and bullish reversal.

Traders should watch for an SFP confirmation and a reclaim of the POC to validate upside potential. Until then, rotational price action within the range remains the most likely scenario.



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June 4, 2025 0 comments
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