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CoinDesk Bot
Crypto Trends

DOGE Finds Support After Tariff-Driven Drop

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Global economic uncertainties and trade policy shifts are creating ripple effects across cryptocurrency markets, with Dogecoin showing resilience despite recent downward pressure.

The meme coin has formed a clear bearish channel with resistance at $0.236, though strong buying emerged at support levels, indicating investor confidence remains despite broader market concerns.

Technical Analysis Highlights

  • DOGE experienced a significant downtrend over the 24-hour period, falling from 0.238 to 0.227, representing a range of 0.015 (6.3%).
  • The price action formed a clear bearish channel with resistance at 0.236 and support emerging around 0.224.
  • High-volume buying occurred during the 23:00 hour with 643M in volume—significantly above the 24-hour average.
  • After reaching the cycle low, DOGE has established a consolidation pattern between 0.227-0.230, with decreasing volatility.
  • In the last hour, DOGE exhibited significant volatility with a clear downward bias, falling from 0.229 to 0.227 (0.87% decline).
  • The price action formed a series of lower highs and lower lows, with notable selling pressure at 13:35 and 13:56.
  • A temporary support level formed at 0.227 with buyers stepping in at 14:01, generating the hour’s highest volume of 4.5M.

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$1.2 Billion Volume Despite Price Drop
Crypto Trends

$1.2 Billion Volume Despite Price Drop

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The cryptocurrency market fell into the weekend, with major coins, like Cardano’s ADA, plunging by more than 7%.

Bitcoin’s price fell significantly, causing major losses across the cryptocurrency market. Bullish cryptocurrency bets lost more than $500 million in the last 24 hours as traders took profits as the markets fell.

ADA/USD Daily Chart, Courtesy: TradingView

Over the past 24 hours, the price of ADA has dropped by nearly 3.76%, reaching around $0.76. This decline is part of a broader trend, which coincides with a general dip in the cryptocurrency market. Nonetheless, Cardano (ADA) saw an increase in trading volume, reaching $1.2 billion, according to CoinMarketCap data.

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If the price continues lower, Cardano could drop to the 50-day SMA at $0.69 and later to support at $0.60. Contrarily, a strong bounce off $0.75 shows demand at lower levels. The bulls will then seek to push the ADA price above $0.86. If they succeed, Cardano might reach $1.01.

Cardano sees growth

According to Messari’s recently released report, in Q1, Cardano’s stablecoin market cap increased by 30% to $30.1 million.

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Cardano’s average transaction cost increased 27% to $0.29, while the average transaction fee (in ADA) increased 1% quarterly to 0.34. Cardano’s treasury balance (in ADA) increased 5% quarterly to 1.7 billion ADA, while the treasury’s USD value declined by 19% to $1.1 billion. The treasury provides funds to sustain and expand Cardano, with resources deployed through community governance following the Plomin hard fork in Q4. Currently, 20% of Cardano’s transaction fees are directed to the treasury, which can be modified through governance.

The Plomin Upgrade, implemented through CIP-1694, enabled 1,220 DReps to support decentralized governance, marking a historic moment. With Ouroboros Leios prepared to cut block production and finality to a few seconds, Midnight’s ZK-proof privacy features and the Grayscale ETF filing, Cardano is anticipating major milestones in the coming days.



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GameFi Guides

Ethereum, XRP Drop as Altcoins Brace for New Trump Tariffs on EU, Apple

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In brief

  • Altcoins were hit especially hard on Friday after Trump threatened new tariffs against Apple and the EU.
  • A renewed trade war would “likely support Bitcoin adoption over the medium term,” according to Grayscale’s Zach Pandl.
  • Although Bitcoin retreated from its recent all-time high, the price of gold jumped.

The price of various altcoins fell on Friday after U.S. President Donald Trump threatened to impose new tariffs on the European Union and Apple, the $3 trillion iPhone maker.

Ethereum was recently changing hands around $2,550, a 4.1% decrease over the past day, according to crypto data provider CoinGecko. XRP and Dogecoin fell around 3.6% to $2.35 and $0.23, respectively, while Solana edged down 0.8% to $177.

The EU, one of America’s largest trading partners, should face 50% tariffs on goods imported to the U.S., starting in no less than nine days, Trump said in a post on Truth Social. Apple should also pay 25% tariffs on iPhones that aren’t manufactured in the U.S., the president suggested in a separate post, although he did not specify when the new levies could take effect.

“Altcoins have more downside in an escalating trade conflict because they are fundamentally riskier than Bitcoin,” Zach Pandl, head of research at crypto asset manager Grayscale, told Decrypt. “Most altcoins will not benefit from reserve diversification away from the Dollar.”

Trump’s return to trade-related threats immediately punctured a risk-on sentiment that had prevailed for weeks as his administration took a de-escalatory approach to trade negotiations with nations affected by his “reciprocal” tariffs. The price of gold spiked as Treasury yields moved lower, while Wall Street indices opened in the red on Friday.

Meme coins, including Official Trump ($TRUMP), fell hardest. A day after the president hosted a private dinner for top $TRUMP holders, the asset showed a 13% decrease to $13.47.



Bitcoin’s price fell to 2.7% to $108,500, retreating from an all-time high of $111,800 a day before. Still, Pandl said that “the trade conflict will likely support Bitcoin adoption over the medium term,” echoing the asset’s performance as a safe-haven asset this year.

As markets wavered in April on tariff-related uncertainties, Bitcoin’s correlation with gold strengthened.  Investors turned to both non sovereign assets, amid growing risks to the U.S. dollar and the prevailing global economic order. The trend continued into early May.

 

Bitcoin’s dominance ticked up on Friday, representing over 62% of the crypto market’s entire value, according to CoinGecko. That measure had softened recently amid risk-on-sentiment, retreating from a high of around 63% at the start of this month.

Conceptually, a renewed trade war could benefit altcoins, if it provokes greater interest in decentralized systems, Pandl said. However, he acknowledged that “the implications are much less direct,” and a reduced risk appetite among investors is likely to impact valuations more.

Edited by James Rubin

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CoinDesk Bot
NFT Gaming

Bearish Pattern Hints at Possible Drop Toward $2.00

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Global economic uncertainties are weighing heavily on cryptocurrency markets, with XRP experiencing significant selling pressure after failing to maintain momentum above $2.40.

The digital asset has formed a bearish head-and-shoulders pattern on short-term charts, with high-volume selling emerging precisely when testing key resistance levels.

Multiple analysts, including Ali Martinez, warn that losing the critical $2.30 support could trigger a substantial decline toward the $2.00 mark.

Technical Analysis Highlights

  • XRP formed a distinct head-and-shoulders pattern after rallying to a peak of $2.411 before declining 3.38% to $2.330.
  • Significant resistance established at the $2.40 level with high-volume selling pressure.
  • Support at $2.345 was tested multiple times before breaking during the 13:00 hour with volume surging 23% above the 24-hour average.
  • Price declined from $2.341 to $2.329 in the last hour of trading, representing a 0.5% drop.
  • Significant volume spike occurred at 13:35 when price plummeted from $2.345 to $2.337, accompanied by over 2.1 million in volume.
  • Multiple failed attempts to recover above $2.340 between 13:38-13:41 created a lower high pattern.
  • Renewed selling pressure emerged at 13:47-13:50, driving XRP to session lows near $2.326 with elevated volume confirming distribution.

External References

  • “XRP flashes crash signal with drop to $2 in sight”, Finbold, published May 19, 2025.
  • “XRP (XRP) Price Prediction for May 20”, Coin Edition, published May 19, 2025.
  • “2 Critical Warnings for Ripple’s (XRP) Price: Details”, CryptoPotato, published May 19, 2025.
  • “XRP Price Confirms Bullish Reversal Setup With This Demand Zone”, NewsBTC, published May 20, 2025.



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Star Wars characters in Fortnite
Esports

Fortnite is about to drop three seasons in one day

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Fortnite is about to blast players with a content tsunami by releasing three new seasons in one massive update day.

Fortnite isn’t just a game anymore, it’s a gaming theme park. Since 2017, it has ballooned into a buffet of modes. Battle Royale is still the headliner, but players can also hop into LEGO Fortnite, Rocket Racing, Creative, or Fortnite Festival. Each one scratches a different itch, from PvE hoarding to kart-racing chaos to musical jam sessions.

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Epic usually staggers its seasonal updates like a reasonable developer. That way, Fortnite always feels “alive,” without melting the servers or players’ brains. Until now.

epic gamesSeason 4 characters dancing together, as seen in the cinematic trailer.

Fortnite’s doing the most by dropping three seasons on June 8

On June 8, Epic’s torching the rulebook. LEGO Fortnite, Fortnite OG, and Battle Royale are all getting new seasons. At once. No chill.

LEGO Fortnite’s up first, riding the lightsaber glow from its Star Wars event, which wraps June 7. Summer 2025 LEGO sets are dropping too, including Mecha Team Leader and Captain Phasma. You can expect tie-in skins, a continued survival grind, and premium LEGO Pass goodies.

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Fortnite OG, the nostalgia machine, is returning with Season 4. That means classic chaos, Tilted Towers, pump shotguns, and maybe some map cycling back to 2018 greatness. If it ain’t broke, let Epic repackage it and make you miss it again.

Battle Royale is also getting a refresh. The current Star Wars-themed Galactic Battle season ends June 7, and while Epic is tight-lipped, leakers have found evidence that hints at a superhero season. That means both Fortnite OG and Fortnite Battle Royale will feature superhero seasons at the same time.

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Launching three seasons together means maximum buzz, maximum chaos, and maximum player retention. Each mode stays distinct, but they’re all connected, same engine, shared rewards, overlapping cosmetics.

Fortnite’s future looks bold, but not without bumps. Despite beating Apple in court, the game’s still missing from the iOS App Store. Legal win, platform loss. Still, Epic’s betting big on June 8. Three seasons, one day, zero apologies. Hope your hard drive’s ready.

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