Author: Khyathi Dalal

Dogecoin (CRYPTO: DOGE) is down 6% on the day, but traders focus on the medium-term trend, speculating that a rally is still in the making.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Dogecoin (CRYPTO: DOGE)	$0.1813	$26.9 billion	-6.2%	+8.2%
Shiba Inu (CRYPTO: SHIB)	$0.00001334	$7.9 billion	-6.1%	+5.8%
Pepe (CRYPTO: PEPE)	$0.057830	$3.3 billion	-6.1%	+7.7%

Trader Notes: Crypto trader Trader Tardigrade highlighted that Dogecoin has shifted to an uptrend on the daily chart, forming higher highs and higher lows.

He marked certain levels for the meme coin’s upward or downward trend.

Holding above the $0.178 critical support level maintains the uptrend, while $0.164 acts as major support and staying above this will reflect a sideways trend.

A drop below $0.164 could restart the downtrend, requiring Dogecoin to build momentum for breaking the structure again.

Statistics: Crypto chart analyst Ali Martinez highlights that 76.65% of traders on Binance Futures are long on DOGE, reinforcing a bullish outlook.

76.65% of traders on Binance Futures are long on #Dogecoin $DOGE! pic.twitter.com/Qpr3pGCwh7

— Ali (@ali_charts) March 28, 2025

Coinglass data shows total DOGE liquidations in the past 24 hours at $12.4 million, with $10.9 million in long liquidations.

Community News: Dogecoin Foundation Director Timothy Stebbing explained that a growing DOGE reserve could support broader crypto payments adoption and specifically DOGE.

Potential use cases include mobile payments, point-of-sale (POS) terminals, online shopping integrations and government APIs for payments.

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• Dogecoin Rallies 15% In 7 Days: What Is Going On?

Image: Shutterstock

A new wave of meme coin speculation has erupted on Solana (CRYPTO: SOL) following the debut of ChatGPT’s latest AI image generation feature.

What Happened: In an X post on March 25, Sam Altman announced ChatGPT-4o’s enhanced AI image generation capabilities.

The new feature sparked widespread excitement, with users comparing the AI-generated visuals to the distinctive art style of Studio Ghibli.

The Studio is a Japanese animation studio with an expansive portfolio to include short subjects, television commercials and some television films.

Ghibli Got Memecoin-ED

Traders quickly capitalized on the trend, launching multiple Ghibli-themed meme coins on Solana.

The biggest gainer, Ghiblification (GHIBLI), currently at a $17 million market cap, surged to as high as 35,000% within hours.

The frenzy was so intense that exchange CoinEx Global listed GHIBLI almost immediately, enabling trading against USDT.

Also Read: Kanye West, Elon Musk Or Joe Rogan? Here’s Who’s Next In Line To Launch A Crypto Coin, According To Kalshi Traders

Elon Musk Sparks DOGE Speculation

Celebrities like Elon Musk, Ripple Executive David Schwartz and Sam Altman joined the AI art craze and created Ghibli style images for themselves. Elon Musk posted a playful image of himself as a monkey holding the Dogecoin mascot.

Theme of the day pic.twitter.com/2ioG0StAxL

— Elon Musk (@elonmusk) March 26, 2025

Musk’s involvement has reignited DOGE speculation, as he has a history of pumping dog-themed meme coins through cryptic social media posts.  

Crypto Twitter is buzzing with rumors of another Dogecoin (CRYPTO: DOGE) rally. At the time of writing, DOGE is down 3.9%.

Crypto Twitter Reactions

Crypto trader Gudmansachs hopes Ghibli rallies to a $100 million valuation, calling it a “severely needed” catalyst for the market.

Trader Ivan on Tech compared Solana’s version of GHIBLI with others, highlighting that the Solana meme coin holders grew to 20,000 in a day.

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Image: Shutterstock

Macro strategist Luke Gromen has outlined a dire outlook for the U.S. economy, highlighting the impact a recession would have on Bitcoin (CRYPTO: BTC).

What Happened: In a podcast episode of ‘What Bitcoin Did’ published on Monday, Gromen stated that the inflection point would come when capital outflows, rising inflation, and unsustainable debt levels trigger an emerging market-style “sudden stop” crisis in the U.S.

This would dramatically benefit Bitcoin as a neutral reserve asset.

He highlighted the alarming fiscal situation, where “U.S. interest plus entitlements is more than 100% of receipts,” despite tax revenues being at all-time highs.

This fundamental imbalance, he argues, makes traditional austerity measures impossible without triggering a severe recession that would only worsen the deficit.

Bitcoin’s Decoupling

Gromen predicts Bitcoin will diverge from the Nasdaq later in 2025 as capital flows shift.

The divergence will be in a more pronounced manner, he stated, and it will need to find new destinations.

“I think it starts going into Bitcoin… that’ll be a really interesting moment when you start seeing not just some outperformance but a literal divergence,” Gromen said.

Gromen is intrigued by the idea of U.S. Treasury bonds partially backed by Bitcoin.

“If the U.S. issued debt with even 5% of the face value backed by Bitcoin, I’d buy that,” he noted.

Such a move would bolster Bitcoin demand while reshaping the global financial system.

Also Read: Bitcoin Could Replace Tesla In ‘Magnificent 7’ To Boost Returns, Reduce Volatility: Standard Chartered

What’s Next: Gromen sees a major financial “moment of terror” triggering a monetary reset, similar to the pre-1971 gold-backed system.

In this paradigm, Bitcoin could function as a neutral reserve asset, co-existing with the U.S. dollar.

“All roads lead to basically some sort of crisis driving the full reserving of the debt market,” he concluded, suggesting Bitcoin is positioned as the ideal solution for preserving wealth during this transition.

Read Next:

• Prominent Bitcoin Trader Closes Longs, Anticipates Pullback To $83,500

Image created using artificial intelligence with Midjourney.

Shiba Inu (CRYPTO: SHIB) continues its aggressive token burn strategy, aiming to reduce supply and drive price appreciation.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Shiba Inu (CRYPTO: SHIB)	$0.00001646	$9.7 billion	+1.5%	+7.7%
Dogecoin (CRYPTO: DOGE)	$0.2678	$39.7 billion	+4.4%	+5%
Pepe (CRYPTO: PEPE)	$0.00001013	$4.3 billion	+4.4%	+6.5%

Trader Notes: ‘Dogecoin millionaire’ Glauber Contessoto warns that the crypto market has become oversaturated with new meme coin launches, making it chaotic and difficult to navigate.

He believes early strategies of holding DOGE and SHIB were simpler, but now the market is flooded with tokens, often leading to dilution.

Technical Analysis: Benzinga technical analysis shows Shiba Inu’s RSI at 36.4, reflecting oversold conditions that could potentially lead to a price rebound.

The simple moving average chart shows the 100-day SMA trending higher than both the 50-day and 200-day SMAs, pointing to a medium-term bullish trend despite short-term price swings.

It also shows potential stability and continued growth in the asset’s value compared to shorter-term fluctuations.

Statistics: According to Arkham Intelligence data, an unknown whale recently withdrew 85.5 billion SHIB ($1.41 million), potentially influencing price movements.

Shibburn data shows 14.22 million SHIB was burned in the last 24 hours, pushing burn rates higher by 1,841.5%.

A single transaction involved the burning of 13 million SHIB.

IntoTheBlock data shows Shiba Inu’s large transaction volume spiking 92.5% and daily active addresses growing 1.61% in a single day.

Transactions greater than $100,000 increased from 77 to 94.

Shibariumscan data reports a increase in daily transactions from 4.63 million to 4.78 million.

Read Next: 

• Dogecoin Soars 218% In A Year While Shiba Inu Trails At 73%—What’s Driving the Gap?

Image: Shutterstock

Dogecoin (CRYPTO: DOGE) is seeing a disparity between bearish short-term price action and bullish social media sentiment driven rising social activity and increased accumulation by large holders.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
Dogecoin (CRYPTO: DOGE)	$0.3267	$48.9 billion	-6%	-3%
Shiba Inu (CRYPTO: SHIB)	$0.00002121	$12.5 billion	-4.4%	-7.7%
Pepe (CRYPTO: PEPE)	$0.000017	$7.4 billion	-4.2%	-17.2%

Trader Notes: Trader Tardigrade compared Dogecoin’s current price pattern to its previous market cycle, highlighting the formation of a parallel channel suggesting a bullish outlook.

He set price targets of $2 for the 2025 cycle and $8 for 2028, advising long-term holding for substantial gains.

#Dogecoin is REPLICATING its previous cycle
The same parallel lines (Channel) has been identified.
This is no coincidence.
$2 is a reasonable target for the 2025 cycle, and $8 for the 2028 cycle
Hodl your $Doge pic.twitter.com/ii0FzyL3BB

— Trader Tardigrade (@TATrader_Alan) January 9, 2025

In another tweet on Jan. 8, he said this is not the time to short or sell DOGE, as it is retesting the apex of the Ascending Triangle.

Rose Premium Signals echoed the sentiment, noting a strong bullish structure in Dogecoin’s macro charts.

Accumulation near key support zones aligns with long-term Fibonacci levels, supporting a potential 3x rally this cycle to approximately $0.56943.

Statistics: Coinglass data shows $18.8 million in Dogecoin liquidations over the past 24 hours, including $12.3 million in long positions.

According to Bitinfocharts, addresses holding 1 billion to 10 billion DOGE have increased from 13 to 17 in recent weeks.

Between Dec. 1, 2024, and Jan. 9, these addresses grew their holdings from 28.4 billion DOGE to 45.6 billion DOGE.

CryptoDep data places Dogecoin at the top of the meme token leaderboard, with 28.500 posts, 6.9 million interactions and 2.9% social dominance.

Community News: Dogecoin founder Billy Markus, pseudonymously known as Shibetoshi Nakamoto, highlighted DOGE’s surprising appearance in Senator Joni Ernst’s (R-Iowa) speech.

She referenced DOGE in her address on the newly established Department of Government Efficiency, emphasizing its symbolic importance and stating, “Doge is inevitable.”

Read Next: 

• Elon Musk Foresees Drop In Bitcoin, Dogecoin Prices If Dollar Inflation Solved: ‘What Matters Is The Ratio…’

Image: Shutterstock

Persistent speculation about President-elect Donald Trump establishing a national Bitcoin (CRYPTO: BTC) reserve has increased on the possible appointment of a perceived pro-crypto Treasury Secretary.

What Happened: Polymarket odds show a roughly 30% probability of Trump “creating a national Bitcoin reserve.”

Barbara Goodstein, Managing Partner at R360, commented on Monday on the speculation about Bitcoin being recognized as a strategic reserve asset, suggesting that U.S. reserves may rise from the current 232,000 BTC to over a million.

Billionaire hedge fund manager and crypto advocate Scott Bessent has emerged as the frontrunner for Treasury Secretary with an 81% probability, according to Polymarket.

In an interview in July, Bessent stated, “I think that everything is on the table with Bitcoin,” when asked about his support for Trump’s potential Bitcoin reserve plan.

Also Read: Bitcoin To ‘Augment’ Gold As The ‘Next Strategic Reserve Asset,’ Says Expert

Why It Matters: While industry leaders like Anthony Scaramucci and Barbara Goodstein support Bitcoin as a strategic asset, some, including Vitaliy Katsenelson, CEO of Investment Management Associates, warn it could harm the U.S. economy by undermining the dollar’s global status.

Trump’s plan could legitimize Bitcoin as a reserve currency, potentially weakening confidence in the dollar.

Following the speculation, Strategic Bitcoin Reserve (SBR), a community-driven meme coin, saw an 89% spike in the past day, per DEXScreener data.

This surge coincided with Senator Cynthia Lummis (R-Wyo.) reacting to a social media post including the meme coin’s ticker.

Senator Lummis quote retweeted the SBR ticker on her personal account (she has a separate Senator account).

A U.S. senator is shilling our bag.

Are you not entertained? https://t.co/2ufujQucef pic.twitter.com/E0wnqu7LKw

— Kaduna (@CryptoKaduna) November 13, 2024

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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• Anthony Scaramucci Optimistic On US Strategic Bitcoin Reserve: ‘Trump’s Victory Accelerated The Cycle’

Image: Shutterstock

Ki Young Ju, CEO of CryptoQuant, suggests that Bitcoin (CRYPTO: BTC) is on track to become a widely used currency by 2030, largely driven by the mass adoption of stablecoins.

What Happened: Ju pointed out in a post on X on Thursday that Bitcoin’s mining difficulty—a measure of competition—has surged by 378% over the past three years. While it was possible to mine 50 BTC with a single PC in 2009, today’s mining is dominated by institutional-backed companies, making it nearly impossible for solo miners to compete.

As institutional involvement grows, Ju predicts Bitcoin’s volatility will decrease, enhancing its potential as a stable currency. He expects this transition to gain momentum after the 2028 halving event.

Also Read: Satoshi Nakamoto Identity Prediction Market Appears More Volatile Than Bitcoin: Sassaman Dethrones Peter Todd

Why It Matters: Ki Young Ju highlighted the entry of companies like Stripe into the stablecoin infrastructure industry. Earlier in the week, Stripe CEO Patrick Collison announced on X that stablecoin platform Bridge will be acquired by Stripe to facilitate cross-border money movement.

Recently, PayPal completed its first commercial transaction using USD pegged stablecoin, PYUSD, as reported by Bloomberg.

With regulations in place, he expects major fintech players to drive the mass adoption of stablecoins within three years. By around April 2028, during the next halving, Ju believes that Bitcoin’s potential use as a “currency” will start to be seriously discussed as volatility decreases further and the ecosystem matures.

He anticipates that by 2030, Bitcoin may fulfill Satoshi Nakamoto’s vision of being “P2P Electronic Cash” rather than just digital gold.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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• Bitcoin Could Hit $200,000 By 2025, Driven By Institutional Demand and ETFs: Bernstein

Image: Shutterstock

Successful Bitcoin (CRYPTO: BTC) trading is not about being bullish or bearish, but rather about understanding the probabilities of market movements, according to a prominent crypto trader.

What Happened: Pseudonymous trader CJ outlined in a detailed social media post that he anticipates Q4 to be largely bullish, despite the current downward trend.

The trader pointed out that the market is simply navigating a dip before an expected upside break, saying, “Forget bullish/bearish. Think in terms of probabilities.”

He identified the July range as a bullish range but noted that the market was consolidating below a set of equal highs on the premium side of the range.

In July, Bitcoin prices hovered around the $68,000 mark and for a majority portion of the trade remained at higher levels.

Also Read: Bitcoin ‘Not A Safe Haven’ But Rising Trump Odds Could Fuel A Rally: Standard Chartered

Why It Matters: CJ’s analysis provides a nuanced view of the Bitcoin market. He predicts a potential reversal zone at $65,000-$67,700 and suggests that the market could be much higher by November or December 2024. However, he also warned of a possible sell-off, with no real sign of strength at present.

“I’m thinking $56,000-$57,000 as a decent area to look for longs, but at the same time $49,000 isn’t off the table,” he stated. CJ believes that the market condition will definitively shift once it reclaims $70,000, but a good near-term start would be at $64,000.

He concluded by summarizing his current bias: for the higher time frame he expects an upside to a new all-time high by the end of the year, a downside to $56,000-$57,000 (maybe $49,000) in the medium term, and an upside from $60,000 to $62,500 in the short term.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: 

• Would Bitcoin Drop If A War In The Middle East Breaks Out? Yes, But There’s A Catch

Image created using artificial intelligence with Midjourney.

The Federal Reserve has initiated its long-anticipated easing cycle, potentially setting the stage for a bullish trend in risk assets, including Bitcoin (CRYPTO: BTC) and other cryptocurrencies, according to industry experts.

What Happened: Economist and crypto analyst Alex Krüger took to his X account to highlight the Fed’s decision to implement a 50-basis point cut while projecting an additional 50 basis points of cuts for 2024.

This balanced approach, Krüger suggests, has struck a “sweet spot” by addressing concerns about the Fed falling behind the curve while simultaneously demonstrating control rather than reactionary measures.

For cryptocurrency enthusiasts, Krüger sees a bullish outlook for Bitcoin, though he cautions that its trajectory may be heavily influenced by the upcoming U.S. election results.

He even suggested a bold strategy for altcoins: “For altcoins, go max long early in Election Night if Trump is coming up ahead in the counts. That’s my plan.”

Krüger emphasized the robust state of the U.S. economy, a factor he considers crucial for risk assets. He pointed out a historical trend: “Historically when the Fed begins its easing cycle with no recession, equities have rallied 10% in six months, while if the Fed begins the cycle in a recession, equities have fallen by 12%.”

Also Read: Analyst Predicts Energized Crypto Market After Fed’s Decision: Says Bitcoin, Ethereum, And DeFi Set To Rally Amid Anticipation Of Further Rate Cuts: ‘The Bull Market Has Started’

Why It Matters: Economic strength was echoed in Fed Chair Jerome Powell’s statement: “I don’t see anything in the economy that suggests the likelihood of a downturn is elevated. You see growth at a solid rate, you see inflation coming down, you see a labor market that’s still at very solid levels.”

However, Krüger also tempered expectations, noting that U.S. equities are not cheap and that a return to a real negative rates environment is unlikely in the near future. He observed a significant divergence between market expectations and Fed projections for 2025, with the market pricing in a 25% probability of a hard landing.

In conclusion, Krüger’s analysis suggests that while the Fed’s easing cycle could boost risk assets, including cryptocurrencies, investors should remain vigilant of economic indicators and political developments that could shape market trends in the coming months.

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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Image: Shutterstock

Crypto trader CrediBULL Crypto expressed concerns over potential downside risks for Bitcoin (CRYPTO: BTC) and altcoins, citing Dogwifhat (CRYPTO: WIF) as an example.

What Happened: CrediBULL warned of potential downside if Bitcoin revisits its recent lows. He used the Dogwifhat chart as an example, stating that it clearly illustrates the current state of many altcoins.

He noted that many people misinterpret bounces on altcoins and memes as signs of strength, while they are simply higher beta versions of Bitcoin. This means they tend to rise and fall harder in response to Bitcoin’s movements.

He further pointed out that the recent bounce on WIF, although significant, merely moved it back to its range highs, creating a lower high on higher timeframes and taking some liquidity on the way. He also warned about the presence of a triple bottom right below.

Price Action: Over the past 30 days, BTC and WIF are down 1.5% and up 16%

Also Read: Dogecoin, Shiba Inu, Pepe Will Still Have Supercycle But ‘2021 May Never Happen Again,’ Muses Trader

Why It Matters: CrediBULL noted that if Bitcoin makes a 15% move down to its lows, many altcoins will experience much steeper falls. For instance, WIF is likely to follow with a 40% move down to take those triple lows.

This prediction serves as a cautionary note for investors, highlighting the inherent volatility and risk associated with cryptocurrency investments.

He also reiterated his tweet from July 18 where the prediction for Bitcoin he set is at $58,000 as he believes both bullish and bearish scenarios are on the table. He warned traders to avoid “aping into fresh longs here at all this confluent resistance.”

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image: Shutterstock