42 days ago

This 11.7 Billion Dogecoin Wall Could Be Key Resistance For DOGE, Analyst Says

An analyst has pointed out where a key resistance could be located for Dogecoin, based on on-chain supply distribution data. Dogecoin Has A Large Supply Cluster Present At $0.20 In a new post on X, analyst Ali Martinez has talked about where resistance lies for Dogecoin based on Glassnode’s Cost Basis Distribution (CBD). The CBD is an indicator that tells us about the amount of DOGE supply that was last acquired at the various price levels that the memecoin has visited in its history. Related Reading: Bitcoin Market Structure Echoes 2022 Bear Start, Glassnode Warns Below is the chart shared by Martinez that shows the recent CBD heatmap for Dogecoin. As is visible in the graph, the Dogecoin CBD has flagged the zone around $0.20 as one where investors did some heavy buying. More specifically, over 11.7 billion tokens have their cost basis at this level. Considering that DOGE is trading notably under the mark right now, all this supply would naturally be in the red. The asset rising to this level could cause a strong reaction from the investors, as these tokens will get back to their break-even. Generally, holders in loss can be desperate for the price to reach back to their cost basis. Once the asset does rise to their acquisition level, some of these investors choose to sell, fearing that the rebound is only temporary. This can make large cost basis levels above the asset’s price potential zones of resistance. Between the current price and $0.20, there aren’t any other regions in the CBD that are as dense with supply. Based on this, Martinez has noted, “$0.20 is the key resistance for Dogecoin.” It now remains to be seen whether DOGE will retest this level anytime soon. In some other news, the memecoin has seen a spike in network activity recently, as the analyst has pointed out in another X post. In the chart, the indicator shown is the Number of Active Addresses, which measures, as its name suggests, the daily number of addresses that are participating in some kind of transaction activity on the Dogecoin network. It would appear that this indicator has registered a surge recently, with a peak 71,589 addresses making transfers on the blockchain. This is the largest spike that the metric has observed since September. Related Reading: Ethereum Back At $3,200 As Sharks Show Strong Accumulation The trend suggests that attention has returned back to the Dogecoin network after a slump, but only time will tell whether this activity pertains to accumulation or distribution. DOGE Price At the time of writing, Dogecoin is trading around $0.138, down over 7% in the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

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Bitcoin’s Hashrate Slips Below 1 Zettahash After Months at Record Power

After a steady stretch of flexing above the 1,000 exahash per second (EH/s) — a clean 1 zettahash per second (ZH/s) — line, Bitcoin’s network hashpower has dipped back under the 1 ZH/s bar and is now clocking in at 988 EH/s. Hashpower Pulls Back From Highs as Difficulty Relief Looms Bitcoin’s overall hashrate slipped NewsBTC

Market Pundit: The Supreme Court Just Flipped On XRP Holders

A surprising development in U.S. legal and political affairs has sent shockwaves through financial and crypto markets alike. What began as a high-stakes Supreme Court case over presidential tariff powers has evolved into a focal point for investors, analysts, and traders assessing broader market sentiment. Crypto and XRP holders are watching closely, interpreting shifts in legal expectations as signals that could influence risk appetite across digital assets. Crypto commentator Levi Rietveld of Crypto Crusaders highlighted this dynamic in a video posted on X. He emphasized how the Supreme Court appears to have reversed earlier expectations regarding the tariffs, noting that the White House publicly expresses confidence that the Court will rule in its favor. Levi observed that even prediction markets, which just days earlier showed over a 70% probability of a ruling against the tariffs, now reflect a more uncertain or pro-tariff outlook. BREAKING: The Supreme Court Just FLIPPED On $XRP Holders!? pic.twitter.com/kdHnuEEKFF — Levi | Crypto Crusaders (@LeviRietveld) January 17, 2026 Changing Legal Odds The Supreme Court case centers on the legality of tariffs imposed under the International Emergency Economic Powers Act (IEEPA). Lower courts previously questioned the executive branch’s authority to implement these measures, creating expectations that the Supreme Court might strike them down. Recent developments, however, suggest that the Court could allow some form of these tariffs to continue, either by upholding current measures or permitting alternative tariffs within legal boundaries. This shift in expectations has drawn attention from both financial and crypto markets. Levi highlighted that, even if the Court ultimately rules against the tariffs, adjustments could still keep the measures largely in effect, providing continuity and predictability for market participants. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Why Crypto Markets Are Watching Crypto traders often link macro legal developments to market psychology. Decisions that signal regulatory stability or clarify government authority can influence investor confidence, potentially affecting capital flows into risk assets like XRP . Conversely, legal uncertainty or unexpected rulings can increase short-term volatility, prompting caution among retail and institutional holders. Broader Implications for Investors Levi’s commentary underscores a key point: the Supreme Court’s actions do not operate in isolation. Legal outcomes, government statements, and market expectations interact to shape investor behavior across asset classes. For XRP holders , the perceived “flip” in the Court’s position reinforces the importance of monitoring regulatory and political developments as part of risk management and strategic planning. While the Supreme Court has not yet issued a final decision, the evolving narrative highlights the interconnectedness of political, legal, and financial systems. Traders and investors are advised to interpret these developments as signals that could influence market trends, particularly in highly reactive sectors like cryptocurrency. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Market Pundit: The Supreme Court Just Flipped On XRP Holders appeared first on Times Tabloid . NewsBTC