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Cryptocurrency News Articles

Dogecoin Price Might Soar Ahead As 21Shares Files for ETF

Apr 11, 2025 at 07:30 pm

Amid the broader crypto market recovery, the Dogecoin price saw a sharp upside, gaining 6.9% in the last 24 hours and moving to $0.16 levels.

Dogecoin Price Might Soar Ahead As 21Shares Files for ETF

In the latest Solana news, SOL price saw a modest recovery, displaying a 12% rebound as it attempts to stabilize above the crucial $100 support zone. The latest Solana news highlights that SOL managed to trade above the 100-hourly simple moving average at $105.

On the other hand, speculations about the Dogecoin price saw a sharp upside as the memecoin king rose by 6.9% in the last 24 hours to trade at $0.16 levels. This comes in response to US President Donald Trump announcing a 90-day delay in tariff implementation and 21Shares submitting its filing for a Dogecoin ETF to the US Securities and Exchange Commission (SEC).

However, on-chain data from Santiment shows that the Dogecoin price has taken a hit after its transaction count dropped بشكل ملحوظ from the peak of 374,790 recorded in mid-March to 20,793. This is a massive 94% drop in just one month, thereby showing that the investor interest in DOGE is waning significantly and might push the Dogecoin price to critical levels.

solana price chart

The latest Solana news: SOL pushes to clear $120 resistance

As observed in the latest Solana news, SOL broke above a connecting bearish trend line with resistance at $107 on the hourly chart, pushing toward the $120 resistance zone, forming a high at $120.10 before pulling back.

After clearing several resistance levels at $105, $110, and $112 during this upward movement, SOL is now consolidating gains and facing challenges at higher levels, particularly at the $118-$120 resistance zone.

However, despite the recent price increase, technical indicators continue to flash warning signs for SOL investors. The Relative Strength Index (RSI) on the hourly chart is currently at 45.52, indicating neutral technical signs.

Dogecoin price slides as interest wanes

The Dogecoin price saw a sharp upside, displaying a 7% increase in the last 24 hours to trade at $0.16 levels. This occurred as US President Donald Trump announced a 90-day delay in tariff implementation, along with 21Shares submitting its filing for a Dogecoin ETF to the US Securities and Exchange Commission (SEC).

Although the Dogecoin price is up nearly 7% with a broader market recovery, the bulls haven’t managed to cross past the crucial resistance of $0.16. DOGE is down by more than 54% since the beginning of the year. In terms of its 24-hour trading analysis, the Dogecoin price trajectory maintained $1.77 billion of volume with a minor 8.61% correction, alerting DOGE traders.

However, on-chain data from Santiment shows that the Dogecoin price has taken a hit after its transaction count dropped بشكل ملحوظ from the peak of 374,790 recorded in mid-March to 20,793. This is a massive 94% drop in just one month, thereby showing that the investor interest in DOGE is waning significantly and might push the Dogecoin price to critical levels.

This analysis comes as this next-generation network is showcasing a stark performance pattern in its network compared to Dogecoin (DOGE), Solana (SOL), and other giant crypto projects that are showcasing a potential to turn the tables in the status quo.

IntelMarkets has raised over $1,610,000 from Fortune 500 investors and financial backing from Sovereign Wealth Fund. Its team staffs experts from MIT, Renaissance Technologies, and OpenAI that help maintain the platform up-to-date and periodically align technological advancements and blockchain upgrades for the network.

This modern generation is also collecting an astounding amount of investments, having already secured over $12 million in its presale collection before speculations of hitting a grand listing post-launch.

According to technical analysis, accumulating IntelMarkets (INTL) in bigger volumes now could drive generational gains for traders and possibly retire them before 40.

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Other articles published on Apr 19, 2025