CandleFocus Dogwifhat and BONK defy crypto market decline
2024-10-01
Author: Content Editor
In the past 24 hours, meme coins Dogecoin, Shiba Inu, and PEPE experienced declines in their market capitalization, resulting in an overall 5.8% loss for the meme coin category. However, Solana meme coins WIF and BONK defied this market downturn and saw a 6% increase in the same time period. WIF has been performing particularly well since the Federal Reserve reduced rates, with a 65% increase over the past week. WIF broke out of a downtrend and is currently trading within key rectangle channels, with potential resistance levels at $2.643, $2.939, and $3.472. The support of SMAs, as well as bullish momentum indicators and rising futures open interest, suggests further price growth. The futures open interest for WIF reached a four-month high of $439.43 million on Monday. However, a candlestick close below $2.038 would invalidate the bullish thesis.
Related News
Cardano (ADA) Faces Risk Of 30% Drop – On-Chain Metrics Confirm A Slow Demand Solana DApps volume increased by 46% in a week — Is $180 SOL the next stop? SOL/BTC Pair Approaches Breakout, Targets Multi-Month Highs CZ's Post-Prison Pivot: From Crypto King to AI Investor Incoming Crisis? Global Money Supply Surges to Near $90 Trillion as Geopolitical Tensions Rise Ex-Chinese Deputy Finance Minister urges country to pivot anti-Bitcoin stance Crypto Laws Are Coming No Matter Who Wins Election: Rep. Tom Emmer Dogecoin Price To Target $0.15 Following $0.105 Bounce Rep. Tom Emmer Is Confident Crypto Laws Are Coming Soon—No Matter Who Wins the Election Prediction Markets Favor Walz over Vance in VP Debate Nearly $250 million wiped from the crypto market as Iran attacks Israel BONK Price on Track to Hit $0.000035 – Key Indicators to Watch Watch Out: Crucial XRP-SEC Case Day is Just Around the Corner – Here’s What to Watch After XRP ETF Developments XRP Price Analysis: Bullish Signals Emerge for Ripple’s Token How Will Israel-Iran Tension Affect The Crypto Market Rally This 'Uptober'? Top Cryptos to Enter Accumulation Phase: Key Insights from Phoenix Group Unpacking survey findings about the ‘crypto voter’ CryptoRank Report: Here are the top gainers in Q3 2024 How Will Bitcoin’s Rise Come? Analysts Share Possible Paths Is it Ethereum's Time to Shine? 3 Reasons Why ETH Price Will Rally Soon Analyst: Bitcoin ETF inflows surge over $1b last week, miners see rally Could XRP Price Reach $10 If Ripple Rallies Like It Did in 2018? Analyst Benjamin Cowen Says Unemployment Rate May Hold Bitcoin Back in Q4 POPCAT Price Continues Uptrend, But Momentum Could Be Fading Here's What’s Blocking Shiba Inu from Reaching a New All-Time High Bitcoin metrics reset and point to ‘major move’ in Q4 — Analysts Hut 8 pays off $38M Anchorage Digital loan as it looks at AI expansion SlowMist Q3 Report: Crypto Thefts Decline, Phishing Becomes More Sophisticated XRP ETF Allegedly Filed by Bitwise Argentina’s VP shows interest in Bitcoin during Bukele’s visit Crypto Analyst Says Bitcoin Due for Breakout After Successful Macro Price Retest – Here’s His Outlook What Will Be the Prices of Bitcoin and Altcoins in October? Analysts Share What They Expect Arthur Hayes Unveils Crypto Scenario for Coming Months, Says ‘Off to the Races’ After US Election Bitcoin, crypto down 4% as Israel-Iran conflict escalates BONK Breaks $0.00002324 Resistance; Is $0.00003391 Next? World Liberty Financial says ‘thousands’ signed up for whitelist within first day Scaramucci Teases “Uptober” as Bitcoin Plunges Coinbase Announces Platform Downtime for Upgrade on October 26, 2024 How Much Did Changpeng Zhao, Former CEO of Binance, Make in Prison? His Daily Earnings are Jaw-dropping As Israel, Iran Tensions Rattle Markets, Will Bitcoin Act as a Safe Haven? Bitcoin Likely to Reach $78k in October If Historical Pattern Repeats: QCP Capital Coinbase Adds Two New Altcoins to Its Roadmap to List XRP Price Bullish Potential Grows – A Surge Above $0.65 Will Triger Buyers ‘Hamster Kombat’ and ‘Catizen’ Game Tokens Plummet by 50% After Telegram Airdrops Lido Finance Sees Strong Growth in TVL, stETH Usage, and Multichain Expansion in Last Week of September 2024 Justin Sun receives $8.75 million from EigenLayer airdrop: Arkham Fenbushi Capital sells $5.14m in crypto assets at a loss Unusual 72% Dogecoin (DOGE) New Addresses Spike - What's Going On? Is Hedera ETF Next In Line After First US HBAR Trust Launch? 6 Solana protocols crossed $1b TVL Ripple CEO Highlights Company's Latest Milestone 3,000,000 Bitcoin (BTC) Back to Profit, But Most Interesting Yet to Come, Analyst Says Saving self-custody from bone-headed blunders CME’s Bitcoin Friday Futures launch with 31K contracts on day one COPA takes on fight against 'patent trolls' to protect open source developers after Wright win EURC becomes the leading Euro-based stablecoin after growth on Base X Empire Token Listed: 47.9M Players, 1164T Tokens Burned Startups hedge their bets on unlaunched Solana restaking platforms UK believes trial to embrace digital securities can protect ‘market integrity’ AAVE V3 surpasses $10 billion TVL as DeFi resurgence gains momentum September Slump: Bitcoin Miners See 2024’s Lowest Revenue After Initial Surge, MOODENG Falls 45.6%; Hamster Kombat Drops 51% From Peak IOTA Drives Blockchain Innovation as It Joins European Sandbox Initiative’s Second Cohort Crypto Winter-Era Seed Startups Mostly Persist Despite Tumult and Crisis Green Light to Cryptocurrency Trading from $7.1 Trillion Charles Schwab! Crypto hackers steal $750M in Q3 2024, as losses grow by 9.5% — CertiK Bitcoin’s Grip on the Market Weakens, Altcoins Take Off – But There’s a Catch Giant Chinese Cryptocurrency Company Sells 7 Altcoins During the Decline – Faces Big Losses FET Price Outlook: Whales’ Paradoxical Moves Raise Questions Middle East tension causes massive crypto market shakeup, $489 million liquidated Stop panicking about Wrapped Bitcoin — Mint Coinbase’s cbBTC instead CryptoKitties Are Back—As a Telegram Crypto Game EigenLayer’s EIGEN cracks top 100 market rank in trading debut Diddy hires Sam Bankman-Fried’s lawyer in bid for bail ahead of sex trafficking trial 3 signs that Bitcoin’s Q3 close was bullish Chainalysis: Russia Is Loudest and 'Most Pervasive' Country Using Crypto to Skirt Sanctions Binance ‘fully available’ in Argentina after VASP registration Kamala Harris knows crypto voters are up for grabs: New polls confirm RippleX Teases AI Fund to Support Next Big Thing in AI and Blockchain Crypto is becoming the same broken system it promised to fix Injective flips key resistance as open interest hits 3-month high Dogecoin (DOGE) Whales Are Back With Nearly $1 Billion Cambodian crypto camp reporter jailed over Facebook, X posts Uptober Might Not Be Guaranteed for Bitcoin (BTC), But Top Traders Are Bullish INX Collaborates with Aktionariat to Expand Global Access to Tokenized Equity Trading PayPal-backed startup Mesh collaborates with Paribu in Turkey expansion Crypto’s ‘artificial boom’ is VC-driven, claims Kavita Gupta Why Sui (SUI) May Reclaim All-Time High in October Jupiter DEX voting to decide on JUP token reserves enters final hours Analysts dig in on Ethereum’s market prospects $778 Million in Bonk (BONK) in 24 Hours as Price Skyrockets 10% Ethereum and TRON control 84% of stablecoin market, CoinGecko says RippleX Highlights Major XRP Ledger Enhancements, Here's What's New Ripple Top Counsel Celebrates Company's Massive Win: Details Santiment Announced the 10 Altcoins Focused on Whales! The Surprise Altcoin at the Top Attracted Attention! Shiba Inu's Shibarium Stuns With Jaw-Dropping 2,350% Growth in New Accounts Binance Coin (BNB) Price Prediction for October 1 Bitcoin drops below $62,500 on news of Iran’s imminent missile attack on Israel When Will the Rally Begin in Bitcoin? The Giant Investment Company Said "Be Ready at Any Time" and Announced the Expected Date! Ethereum (ETH) Skyrockets 230% in Massive Whale Activity Cardano (ADA) Price Prediction for October 1 Fantom (FTM) Price Aims for $1, Pushing 100 Million Tokens Into Profit Bitcoin Slides Below $63K, Diverging from Gold as Middle East Tensions Flare Up Altcoin Rally: STX, SUI, TON, RUNE, POL, EGLD, VET Gain How the Crypto Retail Market Has Changed Dogecoin and These Two Crypto May Lead ‘Uptober’ Rally Amid Whale Activity Solana Outperforms ETH, BTC: What's next for SOL Price? Digital Collectibles Market Struggles as September NFT Sales Slide by 47.9% Australian Bank Partners With Chainlink To Explore Blockchain Interoperability For Tokenized Assets Hong Kong Begins Second Phase of Digital Currency Pilots Bitcoin Price Slips Below $65K, What’s Next? Here's Cardano Price Crypto Market Cap Hits $5 Trillion Sui Launches Ethereum-Sui Asset Transfer Bridge Wife of Binance exec Tigran Gambaryan calls on US to intervene as his health worsens in Nigeria Bitcoin Miner Sues Judge and Prosecutor, Claiming It's Been Targeted by Noise Laws Gemini’s exit from Canada: What’s driving crypto exchanges out? Former BlackRock Managing Director Joins Crypto VC Heavyweight Pantera Capital Marlin and io.net Collaborate to Advance Confidential AI Computing eToro and ARK Invest launch ARK-FutureFirst for emerging technologies Ethereum (ETH) Whale Triggers $59 Million Selling Pressure Bank of England and FCA launch Digital Securities Sandbox TON blockchain's success shows crypto has gone mainstream: Midas CEO The Long-Awaited Moment Has Finally Arrived in Bitcoin! Will the Rally Begin? Analysts Evaluate the Situation! Shiba Inu steady as CEX outflows and whale activity rise Xempire Token Listed: 47.9M Players, 1164T Tokens Burned Top Trader Predicts 61% Crash for Cardano to $0.15, Calls for Massive ADA Short Memecoin Trader Losses $5M of Unrealized Profit Ether's returns historically lag behind bitcoin's in October, but analysts see signs that trend may get bucked HashKey Capital and GCR Deposit $3.11M in EIGEN to Binance, Signaling Strategic Moves Binance Labels 10 High-Risk Altcoins! Which Altcoins Are on the List? Bitcoin price had the best September of its history - What’s next? Rising Wedge in BONK, Elliott Wave in PEPE: Which Coin Will Break Out? Modularity means multiple web3 developer journeys—we only need one | Opinion VeChain at a Crossroads: Eyes on $0.030 Amid Breakout Prospects Ethereum’s Rally Will Be Fueled by This Steady Whale Behavior Ethereum Card Battler ‘Gods Unchained’ Reveals ‘Tower of Dread’ Expansion Bittensor (TAO) Price Could Fall Short of Matching 100% Increase in “Uptober” Investors upset at Pike Finance’s token launch over liquidity shortfall Binance founder CZ made over $25 million per day while in prison, report Shiba Inu (SHIB) Skyrocketing 360%: What's Happening? Bitcoin Mining Profitability Fell for Third Straight Month in September: JPMorgan Börse Stuttgart, ECB cut settlement time in blockchain test "Uptober" Shibarium Tweet Issued by SHIB Team Ancient Bitcoin Whale Reawakens After Decade as Epic Market Cycle Unfolds European Blockchain Sandbox onboards 41 regulators in second cohort Kazakhstan freezes $1.2m in crypto linked to 19 illegal OTC platforms Bitcoin Retail Inflows Hold Steady as Whales Pile In at Start of Historically Bullish October The 1500% DogWifHat Rise: Will WIF Price Surge Stop Soon? Crypto Prices Today October 1: BTC Wanes To $63K, TAO & SUI Gain 10% 2 Key Factors That Could Push Bitcoin to $70,000 Bitcoin $100K Bullish Bet Draws Nearly $1B Open Interest on Deribit Solana Q3 Sees CROWN, MPLX Lead Market Cap Growth Across the Ecosystem Dogecoin Now Targeting $0.17 After Retesting at $0.11786 Matrixport's Stablecoin Report: 'Stablecoin Issuance Reaches Higher Levels!' Here Are the Details GALA Confirms Major Trendline Breakout: Is this the Start of the Anticipated 150% Rally? This Prop Firm Expands into Crypto, Offering Forex and Digital Asset Accounts Cryptocurrencies Continue to Outperform the Stock Market: Canaccord Vitalik Buterin says he supports the existence of Hezbollah betting section on Polymarket Toncoin (TON) Holders Dump Their Bags, Price Sets $4.42 Target These 3 PolitiFi Meme Coins See Huge Gains as the US Elections Near Investors Beware of Dump Risk! Tron Founder Justin Sun Withdrew All of the Altcoin He Bought with Airdrop! XRP Price Heats Up! Analyst Expects $3 Rally By Christmas Bitcoin Price Hits Spooky Season Stutter as Analysts Warn of Correction Buterin on Ethereum: Beyond Digital Silver BNB Completes Wyckoff Pattern: Analyst Predicts Retracement 'Quantile Regression' Bitcoin price model hints at $275K BTC by November 2025 Immutable Price Fluctuates as $55.53M Set to Unlock Soon; What Next? Bitcoin kicks off ‘Uptober’ eyeing 22.9% historical gains DWF Labs’ AUM Grows Tenfold in Ten Days, Aims for $50 Billion Target Investment Bank Report Identifies Ripple as a Major Competitor to SWIFT TON Blockchain Captured 50% of Layer-1 Transaction Amid Major Token Listings Uniswap Labs earns $51M in six months with new fee model Russia’s central bank to probe crypto-linked cross-border transfers, banking channels Backpack Launches US Election Prediction Tokens Bitcoin Records Strong September Gains Despite Market Volatility Japan’s new PM Shigeru Ishiba champions blockchain and NFT in policy document Toncoin: the price of Telegram's crypto aims to approach $7 Eigenlayer (EIGEN) Pumps Hard Amid Binance Listing: Is $10 Within Reach? Here Are New Timelines for Shiba Inu to Reach $0.0001 or $0.001 As SHIB Rises 45% to $0.00001855 DeFi resurgence driven by Fed cuts, China, key protocols Ripple receives in-principle approval from UAE Financial Center WOO surges 17% amid South Korean trading frenzy XRP drops 4%: Is the SEC preparing to appeal by Oct 7? Meld Gold Launches Gold and Silver-Backed Stablecoins on XRP Ledger, Leveraging Native Features 'Rich Dad Poor Dad' Author Warns About 'Weird Times' Coming: 'Be Extra Careful' 3AC meme coin fund criticized for allocating 84% of tokens to team and insiders Circle Signals Plans to Bring USDC to Australia With Venture Capitalist Mark Carnegie Ripple Insider Reveals How RLUSD Will Boost XRP BONK Price Under Pressure as Bears Eye a Potential 40% Drop FTX's reorganization plan gains support from over 94% of Dotcom voting creditors Bitcoin all-time high target remains as BTC price bounces back to $64K AI Crypto’s Top Performers: NEAR, RENDER, FIL, LPT, TAO SUI Soars Another 6%, BTC Price Struggles at $64K as Uptober Begins (Market Watch) This Is What Stands Between PEPE and a New All-Time High BlackRock Names Key Reason Behind Ethereum ETF Failure Crypto losses to hacks surpass $120m in September, PeckShield says Ripple Issues New Warning About Its Stablecoin: Here are Details 5 Reasons Why Bitcoin (BTC) Can Rally in 'Uptober' When Will Bitcoin’s New Rally Start? Is There A Bullish Expectation? Analysis Company Explained Synthetix activist investor ‘overhaul’ gathers 99% approval from SNX holders Bitcoin’s Link to Ishiba-Led Swoon in Nikkei Comes Into Question as Yen Declines Bitcoin-curious Michael Dell sells $1.2B worth of Dell stock Top Analyst Warns Bitcoin Could See Lengthier Bear Market if BTC Fails To Rally Now – Here’s Why Shiba Inu Sees 360% Spike in Large Transactions as Big Traders Step In XRP Price’s 6-Month Struggle May Finally End in Q4 2024 Robinhood Introduces Crypto Transfers for EU Customers, Eyes Market Share Shiba Inu Dips 16%, Targets $0.0000161 After Resistance Hold BNB Price Could Regain Momentum: Is an Upswing Coming? Bitcoin Closes September in Bullish Green, 8% High Close Sparks Greater Expectations for Q4 Ripple Unlocks 1B XRP From Escrow in October as Price Slumps 4.26% Bitcoin Price: is a new crash possible? RLUSD Will Not Take XRP to $1,000: XRPL Validator Bitcoin ETFs Continue Inflow Streak as BTC Remains Flat Amid China Holiday EigenLayer's EIGEN Token Debuts at $6.51 FDV Top 3 Altcoins Surge: BONK, Fantom and Sui Lead the Crypto Rally DOJ files complaint against Visa—what does it mean for Bitcoin? Federal Appeals Court Revives AT&T $24M Crypto Hack Lawsuit Sui Bridge Launches on Mainnet, Connecting Ethereum and Sui Dogwifhat and BONK defy crypto market decline Coin Center senior staff to step down at end of year Expert Predicts Hestia Line to Push XRP to $17 or $27 Bitcoin miner claims judge, prosecutor targeted firm with noise laws Proton Management Says Swan Bitcoin ‘Does Not Have Mining Business of Its Own’ 3 Reasons Chainlink Price May Be Bigger than BTC and ETH in 2025 US spot bitcoin ETFs extend inflows streak to eight days, logging $61.3 million on Monday Why Is the Crypto Market Down Today? Is Now the Time to Buy? Crypto Market Faces Bearish Pressure Amid Turmoil Is Bitcoin Gearing Up For A Bigger Rally? Here’s What On-Chain Data Reveals Analyst Sees Bitcoin Reaching $8 Trillion Market Cap: What Price Will This Surge Bring? Japan’s Metaplanet buys additional $6.9 million in bitcoin, bringing total holdings to $32 million World Mobile Launches on Base, Advancing Global Connectivity Vision Binance Leads Weekly Trading Volume in Centralized Exchanges, Totaling $131.17 Billion XRP Price Eyes a Restart: Will the Bulls Take Charge Again? Top Cryptocurrencies with the Highest Trading Volume in 2024 Binance Confirms Access Restrictions on Sanctioned Russian Users Here's What to Do Now as Bitcoin Price Back Above $64K Again? Crypto Wizard Says XRP Turbo Candle Inbound, Cites Likely 210% Price Pump SUI Sees 15% Weekly Surge Ahead Of Token Unlock, Can It Hit New ATH In October? Judge axes class action claiming Iris Energy misled investors during IPO Crypto founders increasingly look to ‘geofencing’ amid US uncertainty Base creator Jesse Pollak to join Coinbase exec team and lead wallet charge Ethereum Breaks Losing Streak with $87 Million Inflows: CoinShares Apple and Starlink 'Literally Saving Lives' During Hurricane Helene Crisis Ethereum Price Battles to Hold Strength: Will Bulls Prevail? Bitcoin Price Back at Support: Can It Avoid a Breakdown? EA Capital receives VASP license in South Africa COZ releases Neon v3.1.0, featuring improved usability with Ledger and beta support for Linux FCA Secures First Conviction for Illegal Crypto ATM Operation in UK NGD relaunches Poly Network cross-chain bridge, initial support for Ethereum and BNB Chain Bitcoin and crypto market maintain decline despite Fed Chair Powell's hints at further rate cuts Binance Founder CZ Reflects on Release — Plans to Focus on Blockchain, AI, Biotech Restaking is growing like crazy… but it could crash and burn BlackRock sees potential in spot Ethereum ETF, despite slower uptake compared to Bitcoin Ethereum Foundation Sells 100 More $ETH for 262,474 DAI Ethereum risks decline to $2,395 amid impressive ETF inflows XRP Surges 10% As Whales Participate In $300 Million Buying Spree Australia bank joins Project Guardian to unlock cross-blockchain stablecoin transfers Top Trader Bullish on One Solana Rival After Price Range Breaks – Here’s His Outlook Dogecoin (DOGE) $1.2 Billion Explosion Fading, XRP 50% Price Spike Is New Massive Target, Solana (SOL) Technical Cross Is Coming Diamond Hand Moo Deng Millionaire Still Hodling Despite Rapidly Declining Price Gemini to Close Canadian Customer Accounts by End of 2024 Amid Regulatory Changes Australian bank joins Project Guardian to explore RWA tokenization Shiba Inu Price Could Jump 200% To $0.00006 In October, Here’s Why