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Dogecoin Price Roadmap To $5: These 5 Bullish Factors Lead The Way

by admin May 23, 2025

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The Dogecoin price is gaining renewed attention as a crypto analyst outlines a potential roadmap toward a bullish $5 target. Backed by technical chart patterns and bullish signals, the analyst has unveiled five factors that are emerging as critical drivers in DOGE’s projected upward trajectory.

Technical Indicators Point To Dogecoin Price Rally

A recent technical analysis on Dogecoin’s monthly chart by Bitcoin Galaxy on TradingView forecasts that a massive rally could be on the horizon — one that would propel DOGE from its current price of $0.24 to $5. The chart analysis reveals five compelling bullish signals that could set the stage for this meteoric price increase.

A deep dive into the monthly time frame shows that Dogecoin is potentially repeating the same setup that led to its historic 2021 surge. First, the 20-month and 50-month Moving Averages (MA50 and MA20) have acted as solid support, just as they performed before during the last bull run. Dogecoin’s price recently rebounded from this support zone, mirroring the early stages of the previous bull cycle.

Another signal highlighted by the analyst is the Relative Strength Index (RSI). Currently, DOGE’s RSI remains relatively low on the monthly chart but is showing a potential for upward movement. In previous cycles, the RSI rose around the 80 level before a blow-off top. With ample room to grow toward 80% currently, Dogecoin’s momentum could be building for another price rally.

Source: Bitcoin Galaxy on Tradingview

Bitcoin Galaxy’s chart also shows that Dogecoin has long held a critical support level despite market turbulence, showing strength and resilience. The last time this support was tested and held, the meme coin experienced a price increase of approximately 20,399%.

The timeline of Dogecoin’s highlighted bullish structure may also be aligning. The previous bull rally took about six months (181 days) to reach its peak, roughly around $0.477 in 2021, from a similar technical setup. If the same pattern unfolds, the chart suggests October 2025 could mark a significant price climax.

This timeline places June and July in a critical window, which the analyst suggests could see strong bullish action and likely trigger the start or middle of DOGE’s projected rally phase. With these signals aligned, Bitcoin Galaxy believes that Dogecoin is set for a surge to $5, representing a 1,983% increase from its current market price.

$0.74 Resistance Key To DOGE Breakout

Notably, Bitcoin Galaxy highlights the $0.74 level as a critical resistance for Dogecoin. A breakout above this threshold could validate this analyst’s bullish roadmap toward the $4 – $5 target.

Looking at the chart, the resistance level aligns with the upper boundary of an ascending parallel channel that contains DOGE’s price movements from mid-2022 to date. This channel often signals healthy upward momentum as long as the price stays within its boundaries.

DOGE trading at $0.24 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 23, 2025 0 comments

NFT Gaming

Bitcoin Trading Volume Soars as Price Pumps to New Heights

by admin May 23, 2025

In brief

Bitcoin futures trading volume on Wednesday jumped to over $203 billion, third-most so far in 2025.
Spot trading volume also soared this week as Bitcoin’s price spiked.
The leading virtual coin reached an all-time high near $112,000 on Thursday.

Bitcoin trading volume for spot and futures exchanges has soared the past two days as the underlying asset pumped to new heights.

Spot trading volume for the world’s largest crypto by market value hit the highest two-day total in nearly two months, $150 billion, according to crypto markets data provider CoinMarketCap. Meanwhile, BTC futures trading volume on Wednesday jumped to over $203 billion, the third-highest daily total of 2025, according to CoinGlass.

Those figures come as BTC’s price climbed to all-time highs just shy of $112,000. Bitcoin was recent trading at about $111,100, up 2% over the past 24 hours and nearly 8% for the past week. The surge has come as investors buoyed by encouraging macroeconomic signs, but also confident in Bitcoin’s status as a potential hedge against the potential depreciation of the U.S. dollar, purchase the asset.

The CoinGlass data does not include inflows into American spot Bitcoin ETFs, which have taken in over $1.6 billion in inflows from investors so far this week, according to Farside Investors data.

Only 10 other days this year have eclipsed more than $75 billion in single-day spot Bitcoin volume this year. CoinGlass shows that the only days that Bitcoin futures volume has been higher so far this year was on April 7 and January 20, when volumes stood at $229.7 billion and $222.9 billion, respectively.

The crypto market has rebounded as Trump has ratcheted back his global trade war, and the most recent inflation readings have been favorable.

Bitcoin’s record-breaking surge also comes as demand for Bitcoin ETFs increases and as publicly traded firms, including Strategy and Metaplanet, have continued their recent Bitcoin buying sprees. Strategy, formerly MicroStrategy now holds about 576,000 Bitcoin in its treasury, worth more than $64.5 billion at the current price.

Major altcoins have also risen over the same period with Ethereum, the second-largest digital asset by market value, up 56% over the past 30 days. ETH was recently changing hands at over $2,600, a 5.6% gain over the past 24 hours.

Bitcoin has often traded with stocks in its brief history, and more recently in line with safe-haven asset gold as markets look to account for macroeconomic uncertainties.

Edited by James Rubin

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May 23, 2025 0 comments

GameFi Guides

Myriad Moves: Bitcoin Price Predictions and Eyes on Coinbase Hack Bounty Prize

by admin May 22, 2025

In brief

Bitcoin just marked a new all-time high, but Myriad users are now betting whether it’ll top $115K by EOD Sunday.
Predictors don’t expect Coinbase to pay out any of its $20 million hack bounty before June 15.
The final “Mission: Impossible” movie is hitting theaters, and its estimated opening weekend haul is below the Myriad line.

Everyone’s got an opinion, and prediction markets have become one of the most popular ways for users in crypto to share theirs—and maybe make some bank on it.

On Myriad Markets, users are able to predict event outcomes on markets across lots of different fields, like predicting the price of Bitcoin or the winner of the NBA Championship. And there are plenty more options beyond crypto and sports, including politics, culture, and gaming.

What’s generating interest on Myriad this week? Here’s a look at some of the most active markets, with helpful context about what might be driving current predictions.

(Disclaimer: Myriad Markets is a product of Decrypt’s parent company, DASTAN.)

Bitcoin price above $115K on May 25 at 11:59pm UTC?

Market Open: May 21
Market Close: May 25
Volume: $10.1K

After a downtrend that sent Bitcoin spiraling to around $75,000 in early April, the top crypto asset has stormed back, making new all-time highs above $111,000 in the process.

Now, a new flash market on Myriad asks predictors whether or not it can rally above $115,000 in the next few days. Will records keep being set?

So far, predictors think not, giving “yes” just a 25.8% chance despite BTC picking up 2.5% in the last 24 hours and sitting just 3.4% away from $115,000.

Those odds are up since the market opened, however, up from the 16.6% “yes” odds reflected at the low point on Wednesday afternoon. As Bitcoin sustained its rally into Wednesday evening and early Thursday morning, prediction volumes have pushed to around 26%.

Blockstream CEO and longtime Bitcoiner Adam Back recently told Decrypt that he believes Bitcoin will hit between $500,000 and $1 million this cycle, and other analysts see runs to $200,000 and beyond. So are “no” predictors short Bitcoin, or merely think the “digital gold” has rallied hard enough of late, gaining more than 25% in the last 30 days?

What’s Next? Bitcoin is holding its own above $111,000 so far, needing a gain of just a few more percentage points in order to reach $115,000.

Will Coinbase pay any part of the $20 million hacker bounty before June 15?

Market Open: May 21
Market Close: June 14
Volume: $2.4K

Active crypto users were discouraged to learn that leading American exchange Coinbase suffered a major customer data breach, as disclosed last week, impacting more than 69,000 customers over the span of months.

The hackers demanded $20 million in ransom as they attempted to blackmail the firm, but Coinbase pushed back, instead offering a $20 million bounty to the public for information leading to the arrest and conviction of the attackers.

Myriad’s prediction market asks whether or not Coinbase will pay any of that bounty by June 15 as users rush to gain more information about the breach, potentially finding the culprits in the process.

As of Thursday morning, predictors strongly believe that no payments will be made before June 15 with odds of “no” sitting around 74.5% or about where they have been since shortly after the market opened.

Those odds stand despite the fact that a suspected actor in Coinbase-related social engineering scams trolled notable pseudonymous on-chain investigator ZachXBT in an Ethereum transaction’s input data, calling him a “L bozo.”

The investigator was quick to identify North Korea’s association with the $1.4 billion ByBit hack earlier this year, earning himself more than $31,000 in ByBit’s bounty program within just a few days. He’s also been involved in numerous other efforts to identify crypto attackers, leading to arrests and convictions.

Can he or others do it again?

What’s Next? Suspected Coinbase attackers are now trolling on-chain, perhaps suggesting cockiness or confidence they won’t be caught, though it’s not clear whether this particular troll is connected to the recently disclosed attacks. But will the additional data trails help lead to their downfall?

Will ‘Mission: Impossible’ gross $95 million in revenue in its U.S. opening weekend?

Market Open: May 20
Market Close: May 22
Volume: $3.83K

Another Tom Cruise movie is gracing big screens this weekend, opening Friday in more than 3,800 theaters across the United States.

The question for predictors is whether “Mission: Impossible – The Final Reckoning,” the eighth film in the long-running action series, will gross at least $95 million in its four-day opening stretch—a holiday weekend in the United States.

Thus far the market thinks not, with odds of “no” jumping around 10% since Wednesday afternoon to around 78% at the time of writing.

According to Deadline, the film’s greatest comparison is previous entry “Mission: Impossible – Dead Reckoning,” which brought in more than $120 million in “like-for-like markets at today’s opening rates” when it opened in 2023.

Still though, the Hollywood news site expects the latest film starring Cruise as Ethan Hunt to bring in around $75-$85 million domestically, below the Myriad prediction line. That falls in line with Screen Rant’s expectation of around $80 million, or around 19% below the Myriad number.

Even with Box Office Pro estimating a potential record-breaking box office weekend, it still sees the latest, and potentially last Mission: Impossible film falling well below the $95 million mark.

What’s Next? “Mission: Impossible – The Final Reckoning” will debut in U.S. theaters on Friday.

Edited by Andrew Hayward

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May 22, 2025 0 comments

GameFi Guides

Bitcoin sees limited profit taking with BTC price up 3.7%

by admin May 22, 2025

Bitcoin price remained near its all-time high after a stellar surge on May 21, with bulls largely in control as the market eyed price discovery.

After hitting highs of $111,861, Bitcoin (BTC) traded to around $110,300 before rebounding higher.

Despite the spike to a fresh peak, with Bitcoin outpacing the Dow Jones Industrial Average as stocks struggled, the market hasn’t witnessed a significant profit taking scenario so far.

What are analysts saying about Bitcoin price?

Notably, all BTC addresses flipped profitable as the cryptocurrency rallied. Yet on-chain data shows the benchmark digital asset is “still not overheated.”

CryptoQuant analyst Crypto Dan posited that despite the run to a new ATH, profit taking is so far mild.

“Overheating indicators such as the funding rate [and] short-term capital inflow remain low compared to previous peaks, and profit-taking by short-term investors is limited.”

Alex Wacy, a popular crypto analyst and investor, noted via a post on X that while BTC storms to a new ATH, “there’s no mania.”

He pointed to Google searches being low, with retail not yet in fear of missing out territory.

$BTC is hitting a new all-time high.

But look around: there’s no mania.

Google searches are quiet. Retail is still asleep. CT is loud, but it always is. The broader public isn’t rushing in — not yet.

It’s a familiar pattern. Hype always lags price. Interest follows… pic.twitter.com/hzd2sXyPpc

— AlΞx Wacy 🌐 (@wacy_time1) May 22, 2025

But as Bitcoin quietly edges towards price discovery, something else is at historic levels – the global M2 money supply. Currently, this sits at over $22 trillion.

“That means there’s more money in the system than ever before. But it’s not backed by an equivalent increase in productivity, goods, or services. It’s just… more money,” the analyst noted.

No frenzy means it’s still early days for Bitcoin, Wacy said. His forecast aligns with overall market sentiment that Bitcoin’s price could target $150k or higher in 2025. On May 21, 2025, as BTC price broke past its January 2025 peak, Michael Saylor said buying at the top could still be profitable long-term.

The confidence in Bitcoin price going higher could be why a whale just sold recently acquired Ether (ETH) and continues to hodl the BTC.

Per Lookonchain, a whale who scooped 30,000 ETH and 600 BTC on April 27, 2025 has sold all 30k ETH. However, the address still holds all 600 $BTC purchased for $56.9 million. The whale’s Bitcoin haul was worth over $66.5 million as prices hovered above $111k.

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May 22, 2025 0 comments

Crypto Trends

1,200,000,000 Cardano Hit in Open Interest as Price Eyes Rebound to $1

by admin May 22, 2025

In the last 24 hours, Cardano (ADA) rebounded by over 6% from its support after a long period of price correction. This bullish rally has triggered a surge in open interest as investors commit to ADA’s future in anticipation of more growth.

Cardano open interest explodes as traders bet big

According to CoinGlass data, Cardano open interest has spiked by a massive 26.42% as traders committed 1.2 billion ADA valued at $958.11 million per current futures outlook.

Can ADA push through $1 barrier?

Interestingly, most traders confident of a possible rebound to the $1 level are on the Bitget and Binance exchanges. Bitget recorded 264.30 million ADA in open interest, while Binance registered 247.54 million ADA in open interest, valued at $212.02 million and $198.65 million, respectively.

That rage-inducing Borderlands 4 price tweet hasn’t stopped Randy Pitchford posting, as he declares an indie game is “cheaper than a point of meth”

by admin May 22, 2025

Yep, this is a thing the Gearbox exec has tweeted. He’s posted that indie shooter Mycopunk is “cheaper than a point of meth” and “probably has fewer side effects, too”, in response to publisher Devolver Digital making a joke about Borderlands 4 potentially costing $80.

We all through the exec accidentally revealing B4’s revised release date ahead of schedule by goofing up with timezones when tweeting about it was him at the peak of his posting powers. It wasn’t. Randy’s still evolving, and he has things to say.

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There’s some context to this latest ‘you what?’-inducing post from Pitchford, and it involves more ill-concieved tweets. On May 14, the Gearbox CEO responded to a fan concerned about the latest entry in the Borderlands possibly setting players back $80.

“A) Not my call. B) If you’re a real fan, you’ll find a way to make it happen,” the exec replied, “My local game store had Starflight for Sega Genesis for $80 in 1991 when I was just out of high school working minimum wage at an ice cream parlor in Pismo Beach and I found a way to make it happen.”

As you’d expect, that post’s drawn him lots of flak from regular folks who don’t like having it insinuated that you’re not a “real fan” if you aren’t able to buy an $80 game while also keeping your head above water during the cost of living crisis we’re all living through.

Image credit: VG247

One of the responses has come from Devolver, which joked: “You’re gonna be able to buy Mycopunk for you and three of your friends for the price of one copy of Borderlands 4.” Pitchford responded to that light ribbing that mainly serves to promo developer Pigeons at Play’s upcoming co-op shooter by posting: “Mycopunk is cheaper than a point of meth – probably has fewer side effects, too!”

Yeah, imagine if your boss – who’s already made your work life harder by running his mouth – posted that.

That’s not been it either, Pitchford’s also issued what very much looks like a response to the “real fan” backlash by sharing a clip of him talking about Borderlands 4’s still unrevealed price at a recent PAX East panel, reasoning that it’s “the truth” for those who want it.

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It’s three minutes long, and basically sees him admit that he doesn’t know how much the game’ll cost, before going through the factors that could influence how much games cost these days – game sellers having to be aware that some folks they’ll want to sell to are in “price-sensitive” situations, while others are “accepting the reality that game budgets are increasing, and there are tariffs for the retail packaging, and it’s getting gnarly out there”.

“We want people to buy [the game], so we have the resources to make more,” Pitchford said, “but we want everyone who buys and plays a Gearbox game to feel certain that they got the better end of the bargain. Whatever the price is, that they got the best value.” Why didn’t he just say that in the first tweet? Beats me.

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May 22, 2025 0 comments

NFT Gaming

Dogecoin Price Completes Daily Trend Break, Why $0.42-$0.43 Supply Zone Is Next

by admin May 22, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin (DOGE), the world’s largest meme coin, is completing a significant technical break on the daily timeframe, sparking renewed optimism amongst analysts. Following weeks of consolidation and price declines, Dogecoin has finally broken out of a long-standing downtrend, opening the door for a potential rally toward the next support zone between $0.42 and $0.43.

Dogecoin Daily Trend Break Sets Stage For Major Upside

According to Bitcoinsensus on X (formerly Twitter), the Dogecoin price action is showing a clear daily trend break opportunity, signaling a potentially strong move upward to a new support range between $0.43 and $0.42. After experiencing a healthy and controlled price pullback, Dogecoin appears to be preparing for a fresh breakout, which the analyst forecasts could occur within the next seven days.

Notably, this immediate daily trend break is supported by a larger technical formation: a well-defined Inverse Head and Shoulder pattern. Bitcoinsensus’s chart shows that Dogecoin formed this distinctive technical pattern between March and May 2025.

Looking at the chart, DOGE’s Inverse Head and Shoulder structure consists of three major price dips: the left shoulder, which formed in March, the deeper head in April, and the right shoulder, which was completed in early May. This formation collectively signals that Dogecoin’s market sentiment may be shifting from bearish to bullish.

Source: Bitcoinsensus on X

The key resistance area, referred to as the neckline of the Inverse Head and Shoulder, has already been broken, confirming the pattern. The breakout above the neckline in early May marked the start of Dogecoin’s broader trend reversal after months of downtrend and consolidation.

After breaking out of the neckline, Dogecoin executed a textbook retest, confirming its bullish setup. Adding to the positive momentum, the meme coin also decisively broke above a descending trendline that has acted as resistance since late 2024. This price has since formed a higher low on the chart, indicating that buyers are defending this area.

Bitcoinsensus has revealed that Dogecoin’s next key resistance area lies between $0.42 and $0.43 — a former supply zone where sellers had pushed prices down. If the meme coin’s price can rise toward this level with substantial volume, the analysis suggests that it could trigger a fast and sustained rally to new highs.

DOGE Set For Momentum Boost Toward $0.26

The Dogecoin price is currently showing signals of a potential rally as bullish momentum picks up. The popular meme coin, which is currently trading at $2.3, is approaching a critical resistance level at $0.239, according to a technical analysis by prominent crypto analyst Ali Martinez.

If the price successfully breaks past this resistance level, Martinez predicts that it could open up a path to a sharp rally toward the next target zone, around $2.51, before it reaches the $0.265 level. While the analyst remains optimistic about DOGE’s bullish outlook, he also cautions that a break below the resistance could lead to a pullback toward the support levels around $0.227, $0.221, and $0.215.

DOGE trading at $0.22 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 22, 2025 0 comments

Crypto Trends

KAITO price surges as funding rate exits danger zone

by admin May 22, 2025

Kaito token price surged to its highest level since March 2 as demand for cryptocurrencies jumped.

Kaito (KAITO), a top player in the artificial intelligence and data analytics industry, rose to a high of $2.2524, up by 240% from its lowest level this year. This rally brought its market cap to $525 million and its fully diluted valuation to $2.17 billion.

Kaito token jumped as the mood in the crypto market improved, as Bitcoin (BTC) soared to a record high. This surge pushed most altcoins higher, with tokens like Cookie DAO, Haedal Protocol, Grass, and Dogwifhat soaring by over 20%.

Kaito has also jumped as more people staked their tokens. Data show that it has a staking yield of 11%, higher than popular tokens like Ethereum (ETH) and Solana (SOL).

Per Dune Analytics, there are over 15,000 stakers in the network, while the total Kaito tokens jumped to a record high of 21 million KAITO.

More data shows that Kaito made over $32.9 million in the first quarter as the number of monthly yappers rose to over 200,000. These numbers mean that the Kaito ecosystem is growing.

Kaito price also jumped as CoinGlass data shows that the weighted funding rate exited the negative zone, where it has remained since May 10. The rate rose to 0.0038%, the highest point in weeks.

Kaito funding rate | Source: Coinglass

A positive funding rate is a sign that investors anticipate that the Kaito price will be higher in the future than it is today.

Kaito price technical analysis

Kaito price chart | Source: crypto.news

The eight-hour chart shows that the Kaito token price made a strong bullish breakout on Wednesday. It moved above the important resistance level at $2.1267, the upper side of the forming bullish flag chart pattern. A bullish flag is a popular continuation sign.

It has moved above the 50-period moving average and the 61.8% Fibonacci Retracement level. It is also being supported by the Supertrend indicator, a sign that the bulls are in control.

Therefore, the path of the least resistance for the Kaito price is bullish, with the next point to watch being the all-time high of $2.92, up by 32% above the current level. A move below the support at $2 will invalidate the bullish view.

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May 22, 2025 0 comments

Gaming Gear

This Sony Noise-Cancelling Headphones Hit Their Lowest Price for Memorial Day, You’ll Barely Pay a Thing

by admin May 21, 2025

You haven’t really heard music until you’ve listen with a solid set of headphones. The technology has been around long enough at this point that you really don’t need to burn a hole through your wallet to afford a pair. Look at Sony. Right now, Sony’s WH-CH720N noise-canceling headphones which normally go for $150 have been cut in price for a limited time. The pink and white options have been brought down by 35% each, landing on the new price of $98. The black, however, have been discounted even further at 35% off which brings it down to just $88. That’s a savings of $62.

I’ve got to hand it to Sony. The company’s name choice when it comes to its flagship set of headphones never seizes to amaze me. If we check out Apple’s over-the-ear headphones, we’ll see they appropriately been dubbed the AirPods Max. Samsung’s earbuds are eloquently named Galaxy Buds, fitting into line all the other Samsung Galaxy personal devices.

See at Amazon

But then we have Sony. Oh, Sony. Here we have the WH-CH720N noise-canceling headphones. One might think some product manage at Sony was having a hectic day and mistakenly filled out the field on some form with not the product name but with its SKU number. Honestly though? It kind of rocks.

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May 21, 2025 0 comments

NFT Gaming

Bitcoin ETFs Add $1 Billion in 2 Days Amid March to Record BTC Price

by admin May 21, 2025

In brief

It’s only Wednesday, and U.S. investors have plowed nearly $1 billion into spot Bitcoin ETFs.
The price of BTC has reached a new high.
Bitcoin ETFs in the U.S. have accumulated over $42 billion in net flows.

Investors poured nearly $1 billion into the new American Bitcoin ETFs, helping to drive the price of the leading cryptocurrency a record and a sign of markets’ growing embrace of digital assets. high.

Investors on Monday and Tuesday put a total of $996.6 million into the funds, data from UK asset manager Farside Investors shows. Figures for Wednesday are yet to be released, but the ETFs that track BTC’s price have been surging in recent weeks, reaching a record high for net inflows of more than $42 billion.

“Bitcoin ETFs have been on fire the last few weeks,” Bloomberg ETF research analyst James Seyffart told Decrypt.

The flurry of Bitcoin bets comes as investor appetite for crypto-focused assets has mushroomed in recent weeks, helping to spur a hefty price increase in the digital asset. Bitcoin’s price has soared to $109,565 before retreating to roughly $107,000, according to crypto markets data provider CoinGecko. Bitcoin is up more than 23% over the past month reasserting itself after a late winter, early spring lull that took the price below $75,000 in early April.

Spot Bitcoin ETFs since mid-April have received over $7.5 billion in inflows.

“They are one of—if not the—most successful ETFs,” Seyffart said.

BlackRock’s iShares Bitcoin Trust (IBIT), the largest of the funds in this category, has accounted for most of this week’s gains, generating nearly $600 million in net inflows. The Fidelity Wise Origin Bitcoin Trust (FBTC) and Ark 21Shares Bitcoin ETF (ARKB) have received $211.4 million and $201.7 million in inflows, respectively, according to Farside.

Still, the most successful day the ETFs have had in their short lifespan was on November 7, when President Trump’s White House victory was announced. The funds then took in over $1.3 billion in new cash.

The U.S. Securities and Exchange Commission last year approved the initial Bitcoin ETFs, allowing consumers to invest in the cryptocurrency without purchasing and safeguarding the asset directly, a process that often seems daunting.

The funds have had the most successful launch in ETFs’ 32-year history, with a total of 11 funds controlling $127 billion in AUM.

Edited by James Rubin

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May 21, 2025 0 comments