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Dogecoin (DOGE) , the original meme coin, has seen significant price swings over the past few months. After reaching a strong high, DOGE has been in a steady downtrend, leaving traders wondering if the worst is over or if more downside is ahead. With meme coins remaining a speculative favorite among retail investors, understanding DOGE’s current technical setup is key to predicting its next move. In this analysis, we’ll take a closer look at Dogecoin’s support and resistance levels , technical indicators, and possible price action in the coming weeks. Dogecoin (DOGE) has seen a steady decline after a significant bull run, with price action showing signs of weakening momentum. The latest daily chart suggests that Dogecoin price is trading at around $0.17, struggling to maintain upward traction. The broader market correction, combined with fading retail enthusiasm, has contributed to this bearish sentiment. The recent price action suggests a consolidation phase, with DOGE price attempting to find support. The cryptocurrency has been forming lower highs, indicating a gradual loss of buying pressure. However, is this a temporary cooldown, or is DOGE headed for further decline? A closer look at the Relative Strength Index (RSI) reveals that DOGE is hovering around 32.29 , indicating oversold conditions. This could mean that a relief bounce is possible, but the overall trend remains weak. If the RSI drops further below 30, it could signal extreme overselling and a potential short-term recovery. The Moving Average Convergence Divergence (MACD) indicator also supports the bearish outlook. The MACD line remains below the signal line, showing that downward momentum is still in play. However, the histogram is beginning to show slight signs of weakening bearish pressure, suggesting that a reversal might be on the horizon if buyers step in. One of the most important levels to watch for DOGE price is the $0.16 support zone. Historically, this level has served as a strong buying zone where bulls attempt to regain control. A break below this level could see Dogecoin retracing to $0.14 or lower, potentially testing new yearly lows. On the upside, the key resistance level stands at $0.20. A breakout above this level could reignite bullish sentiment and push Dogecoin price towards $0.25, where more resistance is expected. For this to happen, Dogecoin would need a surge in trading volume and a broader market recovery. Dogecoin’s future price action will largely depend on broader crypto market trends and potential catalysts such as increased adoption or Elon Musk’s influence. While DOGE has historically been a meme-driven asset, its integration into payment systems and community-driven initiatives could play a key role in determining its long-term price direction. As of now, DOGE is in a make-or-break situation. If buyers defend the $0.16 support, we could see a reversal towards $0.20. However, a failure to hold this level could lead to further downside. Traders should keep an eye on volume spikes and momentum indicators to gauge the next potential move. Dogecoin is currently at a crossroads, with key support at $0.16 and resistance at $0.20. The RSI suggests a potential oversold bounce, but the overall trend remains weak unless bulls regain control. Investors should monitor market sentiment closely, as any sudden surge in buying pressure could push DOGE toward a breakout.

Ethena Labs and Securitize have announced the launch of Converge, a blockchain designed to support decentralized finance and tokenized assets. The network will cater to both retail and institutional investors, offering standard DeFi applications alongside financial products that comply with institutional requirements. Converge is built on Ethereum’s Virtual Machine, allowing existing Ethereum ( ETH )-based applications and smart contracts to function without modification. Ethena ( ENA ) plans to move its DeFi ecosystem, which holds nearly $6 billion in assets, onto Converge. Securitize, which specializes in tokenizing real-world assets, will use the blockchain to issue and manage digital securities. Tokenized assets are digital representations of financial instruments like stocks, bonds, and real estate. Converge will allow institutions to interact with these assets on-chain while maintaining regulatory compliance. Institutional-grade custodians, including Anchorage, Copper, and Fireblocks, will provide security for these assets. The network will integrate DeFi applications from partners such as Pendle, Aave Labs, and Maple Finance. It will also support interoperability through LayerZero and Wormhole, ensuring seamless asset transfers across blockchains. Oracle providers like RedStone and Pyth will supply real-time price data. Ethena’s ENA token will play a role in securing the network, and the stablecoins USDe ( USDe ) and USDtb will be used for transaction fees. The blockchain will include both permissionless DeFi applications and permissioned offerings for institutional users. Ethena and Securitize see Converge as a solution to regulatory barriers that have kept institutions from fully engaging with DeFi. By combining DeFi’s efficiency with compliance-focused infrastructure, the network aims to provide a bridge between traditional finance and blockchain-based markets.

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All eyes are on the Federal Open Market Committee (FOMC) as it wraps up its two-day meeting this Wednesday, March 19. This will be the final meeting until May this year. While markets widely expect the Federal Reserve to keep interest rates unchanged at 4.25%-4.50%, the real catalyst lies in what Fed Chair Jerome Powell says during the post-meeting press conference. For traders like Michael and Esther, this is “ the most important day of 2025 .” They believe Powell’s words will shape market direction, with major implications for the S&P 500 (SPY) and broader risk assets, including crypto. Currently, the SPY is trading below its 200-day simple moving average (SMA) at $572.55. If it fails to break above this level, further downside to $540 and possibly $520 remains likely. However, a rebound, could ignite a recovery across equities, including tech stocks that have seen significant corrections despite strong earnings. Another crucial factor in play is President Donald Trump’s push to refinance US debt at lower interest rates. To achieve this, economic conditions would need to slow down, forcing inflation lower and justifying a Fed rate cut. Lower rates make debt more manageable, benefiting both the government and businesses. The market will be watching for any hints of this in Powell’s comments. Meanwhile, the Bank of Japan (BoJ) will also announce its interest rate decision on March 18. With Japan’s economy slowing but inflation remaining persistent, uncertainty looms. If the BoJ unexpectedly hikes rates, markets could react negatively, especially on Wednesday morning. Related: Rising U.S. Inflation Drives Fed Policy Shift as Bitcoin Rallies Toward a 98K Target According to Polymarket, the probability of the Fed ending Quantitative Tightening (QT) before May has surged to 100%, a significant 50% increase in recent days. With over $407K in volume on the platform, traders believe the Fed is shifting gears faster than expected. If QT ends, the increased liquidity could potentially trigger a bullish wave across both stocks and crypto. The total crypto market cap currently stands at approximately $2.69 trillion. This follows a period of decline, but technical indicators suggest a potential rebound if liquidity improves. Related: Bitcoin Price Takes a Hit as Investment Products See $430 Million Outflow After Fed’s ‘Hawkish’ Comments The Relative Strength Index (RSI) reads 43.35 which means that the bears are overall in charge of the market’s trajectory. However, the gradient of the line suggests increasing bullish momentum. The MACD indicator has confirmed a bullish divergence on the daily chart with the MACD line (blue) crossing above the signal line (orange). Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

An unidentified whale on the Hyperliquid decentralized perpetual exchange has launched the crypto market into a new level of dynamism. This trader’s huge trading amounts and constant activity in leveraged positions have led crypto community members to try and figure out who this person is. One person guessing, even used a video clip from an action movie to joke that former Binance CEO Changpeng Zhao might be behind these massive trades on Hyperliquid. According to reports, the whale placed a massive $445 million leveraged short on BTC via Hyperliquid. Analysts think a trade this size can really push the market in a certain direction, especially when things are already shaky. Looking closer at the position, it showed that the whale would be forced out (liquidated) if BTC’s price went up to $86,000. Related: dYdX’s Loss is Hyperliquid’s Gain: DEX Market Share Shifts When they realized this, several crypto community members tried to pump up BTC’s price to force the whale to close its big short position. The whale staged a resistance by raising an additional $5 million in USDC, thwarting the coordinated effort to kick him out of the market. It’s worth noting that this whale wasn’t just focused on BTC, nor did he pursue only short trades. Reports show the whale also had a 5x leveraged long position on MELANIA, a meme coin connected to MKT World LLC, which is reportedly owned by Melania Trump. They also took a long position on Chainlink (LINK) worth $31 million with 10x leverage, according to Lookonchain. Besides these trades, Lookonchain’s report shows this whale has made almost $17 million on Hyperliquid in the last month. However, despite his wins, many analysts think the situation highlights some limitations of perpetual trading platforms like Hyperliquid, allowing users to trade massively leveraged positions. Related: Crypto Dip Saw Whales Accumulating: These 3 Altcoins Were Their Targets It highlights how a few people with a lot of money can really change how market situations play out. Many users worry this could be bad for the crypto market’s future. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.