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Cryptocurrency News Articles
As Dogecoin Futures Hit Overheated Levels and Market Correction Looms
Apr 18, 2025 at 04:13 am
Dogecoin, the original meme coin that sparked a global movement, has dropped over 6% in the past month
Dogecoin has dropped over 6% in the past month as its futures hit overheated levels and market correction looms. Traders are exploring smarter tools to navigate the volatility. Could AI-powered cryptos like MIND of Pepe hold the key to safer investing in 2025’s unpredictable market?
Dogecoin, the original meme coin that sparked a global movement, has dropped over 6% in the past month. It's currently trading at $0.157 after being rejected at the $0.17 resistance. Despite whale accumulation, sentiment remains fragile and analysts are warning that too much optimism might be the real danger.
According to respected crypto analyst Ali Martinez, futures traders on Binance are leaning heavily into bullish territory, with more than 72% of open DOGE positions marked as longs. While this might sound like a bullish sign, history tells a different story. Excessive long interest typically precedes a reversal, especially in high-beta assets like DOGE.
Whales Accumulate, But Risks Remain
Not everyone is bearish on DOGE, however. Large holders – commonly referred to as whales – have scooped up over 800 million tokens in the past few days. Whale accumulation can reduce market supply and create upward pressure if momentum builds, which could play out if short-term price action flips.
Still, even analysts who remain bullish on Dogecoin's long-term potential admit it's approaching a critical technical juncture. Crypto School recently charted two potential paths for DOGE: a breakout toward $0.23 or a breakdown to $0.11. Either move could materialise depending on market sentiment in the days ahead.
For everyday traders caught between excessive bullishness and unpredictable reversals, many are looking for smarter ways to play the market without getting burned. That's where AI agent cryptos like MIND of Pepe come in.
2x4 Lumber Prices Today: Framing Lumber Prices Surging Again
Lumber prices today are up again, continuing the recent trend of volatility in the wood market. Framing lumber futures rose 2.4% on Monday, signaling a potential rise in lumber prices at the retail level. This follows last week's rally, where futures surged by 11% in response to lower-than-expected inflation data.
The rally in lumber futures comes amid a broader theme of sticky inflation and a pause in interest rate cuts. Lumber prices are a sensitive indicator of both economic activity and inflation
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