Latest news with #Optimism
Business Mayor
12-05-2025
- Business
- Business Mayor
Dogecoin Head And Shoulders Pattern Suggests Surge To $0.23 With $1.65 Billion At Risk
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After several days of indecisive movement, Dogecoin appears to be approaching a technical turning point. The cryptocurrency is currently trading near $0.17, with a slight 1.4% increase in the past 24 hours. Technical analysis of the Dogecoin price chart shows that the meme coin is about to complete a classic head and shoulders pattern that would send it above $0.22 again. This comes as derivatives data shows that a break could trigger liquidations close to 1% of the $1.65 billion open interest in Dogecoin futures. Head-And-Shoulders Formation Signals Break To Key Price Zone According to an interesting technical analysis of the Dogecoin's price chart, the meme coin is forming a classic inverse head and shoulders pattern on the daily timeframe. This pattern is composed of a well-defined left shoulder in early March, a deep head formed by early April lows, and a developing right shoulder that appears to be stabilizing towards the neckline as of early May. As shown on the chart below, the neckline of this inverse head and shoulders formation lies just above the $0.17 zone, particularly at the $0.1735 level. A successful break above this level could unlock millions in liquidations and would not only confirm the pattern but also clear the way for a larger breakout. Source: Chart from Tradingview The chart also shows the potential of an AB=CD harmonic pattern that aligns with Fibonacci extension levels projected from the $0.131 low on April 6. The measured move is a CD playout that will see Dogecoin rise toward the 0.618 to 0.786 retracement levels, corresponding to price targets in the $0.22 to $0.23 range. If this pattern plays out in sync with the head and shoulders structure, it would imply a 35% rally from the current price level. Read More All about Optimism's upcoming token unlock worth over $88M $1.65 Billion Open Interest Heightens The Stakes For A Dogecoin Rally What makes this scenario especially high-stakes is the massive amount of open interest in Dogecoin's derivatives market. The $1.65 billion currently sitting in open positions suggests that even a modest price move can have a domino effect and a short squeeze. If the Dogecoin price pushes above $0.1735, it could trigger over $14 million in short liquidations, representing about 1% of the $1.65 billion open interest currently held in Dogecoin futures. It would also activate the neckline of the inverse head and shoulders, putting a much larger bullish structure in motion. Once the $0.18 resistance gives way, bulls could aim for the 0.618 Fibonacci level near $0.215 and ultimately the 0.786 level around $0.23. At this point, Dogecoin might face the next consolidation zone before bulls can target more upside to $0.35 and beyond. At the time of writing, DOGE is trading at $0.1716, and the price point to watch is $0.1735. DOGE trading at $0.173 on the 1D chart | Source: DOGEUSDT on Featured image from Getty Images, chart from
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Business Mayor
11-05-2025
- Business
- Business Mayor
Optimism [OP] breaks $0.85 neckline — Here's what it means for the traders
OP may have confirmed a structure shift after breaking above the double-bottom neckline at $0.85. Large Transactions Volume surged, signaling whale interest even as holder profitability remains nearly evenly split. Entering into the 4-hour time frame, it was evident that after a successful crossing of the neckline of the double bottom pattern, Optimism [OP] appeared to have triggered a potential notable shift in its structure. Previously, the $0.85 neckline acted as stiff resistance. Once broken, OP climbed to $0.89 and briefly stabilized above it. If OP's price kept hovering above the $0.85 level, then a trend reversal could be in the offing. Depending on event recognition, $1.00 was the next milestone to watch out for. One level to rule them all: OP's $0.85 must stand Initial indications from the MACD indicated a bullish crossover, a revelation that on the market, there was a continued buying force. That said, $0.85 must hold to keep momentum alive. Source: TradingView If support at $0.85 did not hold, the price could retrace back to $0.78, the low established in the double bottom. If prices dropped below $0.78, it would raise a question on whether the reversal was correct and put OP in a position of further losses, even to $0.70. So, OP's immediate trend depends heavily on the $0.85 zone acting as firm support in the coming sessions. Number of large transactions and holder profitability On-chain data from IntoTheBlock revealed that Large Transactions Volume peaked at 120.25 million OP in 24 hours. Weekly volume ranged between 78.87 million and 229.36 million OP—an impressive $150 million spread. Read More Top trending cryptos of the week – BTC, PEPE, HOOK The price surged past $0.85 and reached approximately $0.90, coinciding with increased trading volumes. This rise in activity suggests that large-scale investors played a significant role in driving the market upward. Source: IntoTheBlock If this trend continued, it might bring up more bullish enthusiasm. However, if transaction volume were to decline, it could jeopardize the current trend. So far, the increase in transaction volume seems to be supporting the recent rise in OP's price. Half winning, half bleeding Meanwhile, around $0.9026, 48.30% of Optimism holders made a profit while almost an equal percentage, 48.82%, continue to make losses. Only 2.88% were at breakeven—an unusually narrow band that often leads to sudden directional moves. The support cluster lies between $0.79–$0.82, while a red zone of resistance stands tall at $1.01–$1.04. Source: IntoTheBlock If OP continued to rise, it would face resistance between $1.01 and $1.04, where the large red cluster indicated substantial unprofitable positions lined up for liquidation. The market's structure suggested that OP may stabilize around its current bracket. If the price were to rise above $0.93, it could induce an uptrend; and a further drop under $0.85 might bring another look at more serious support levels.
Arabian Post
07-05-2025
- Business
- Arabian Post
Coinbase Charts Path to Worldcoin Listing Amid Biometric ID Debate
Coinbase has officially added Worldcoin to its asset listing roadmap, marking a significant step toward integrating the controversial biometric-based cryptocurrency into one of the world's most prominent digital asset exchanges. While the inclusion does not guarantee immediate trading, it signals Coinbase's intent to support the token, pending liquidity and compliance reviews. Worldcoin, spearheaded by OpenAI CEO Sam Altman, aims to establish a global digital identity system through iris-scanning devices known as 'Orbs.' These devices verify users' identities, granting them a unique World ID and distributing WLD tokens as part of an initiative to promote universal basic income in an AI-driven economy. The project, developed by Tools for Humanity, has already verified over 12 million users across more than 100 countries, despite facing scrutiny over privacy concerns. The recent U.S. launch of Worldcoin has expanded its reach, with over 7,000 Orbs deployed in cities including Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. New users receive 16 WLD upon iris verification, while early adopters are granted 150 WLD, incentivizing participation in the burgeoning digital identity ecosystem. Coinbase's support for WLD extends to the Optimism network, an Ethereum Layer 2 scaling solution, enhancing transaction efficiency and reducing costs for users. This integration is expected to bolster liquidity and market volume for Worldcoin, potentially increasing its adoption and utility within the broader cryptocurrency landscape. The listing aligns with Coinbase's strategy to diversify its asset offerings and support innovative projects that address real-world challenges. However, Worldcoin's approach has not been without controversy. Regulatory bodies in countries like Spain have raised concerns over the collection and storage of biometric data, leading to temporary suspensions and calls for stricter oversight. See also Hong Kong Strengthens Oversight on Crypto Staking Services Despite these challenges, Worldcoin's proponents argue that the project offers a viable solution to the growing issue of online identity verification, particularly in distinguishing humans from AI-generated entities. The integration with Coinbase could serve as a catalyst for broader acceptance and implementation of biometric-based digital identities. As the cryptocurrency market continues to evolve, the inclusion of Worldcoin on Coinbase's roadmap underscores the exchange's commitment to embracing novel technologies while navigating the complex regulatory landscape. The move also reflects a growing interest in leveraging blockchain solutions to address societal issues, such as income inequality and digital identity verification. Worldcoin's current market performance indicates a trading price of approximately $0.93, with a market capitalization of around $1.3 billion. The token has experienced fluctuations, reflecting investor sentiment and broader market trends. Its all-time high reached $11.80 in March 2024, highlighting the volatility inherent in emerging digital assets. Arabian Post – Crypto News Network
Yahoo
09-04-2025
- Business
- Yahoo
Ethereum Hits $1,450 For The First Time Since August 2023 — Is A Deeper Slide Or Rebound Ahead?
Just before the futures market opened on Sunday, Ethereum dipped below the $1,600 mark and continued declining into the London session, hitting its lowest level since August 2023 at $1,450 per ETH. This move adds to the already bearish trend that has defined ETH's price action since early January. Source: TradingView (User – NoticeTrades) – Screenshot – @NoticeTrades Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. The broader trend for Ethereum has been decisively bearish since January 6th, when the asset printed a lower high and failed to follow through with any meaningful continuation to the upside. Since then, ETH has been steadily grinding lower, reflecting both technical weakness and broader market uncertainty. A large part of Ethereum's appeal over the past several years has stemmed from its integral role in decentralized applications and, more notably, the non-fungible token market. However, the sharp decline in NFT trading volumes over the last year has removed a major pillar of support for ETH's price. During the NFT boom, Ethereum benefitted from an influx of new users, higher transaction volumes, and increased gas fees — all of which contributed to demand for the token. As that wave has cooled, so too has enthusiasm for Ethereum as a utility-driven asset. Source: Dune (User – @clot) – Screenshot taken by Nick Thomas Trending: Hasbro, MGM, and Skechers trust this AI marketing firm — . Beyond NFTs, other fundamental narratives for Ethereum remain in place — including its role in decentralized finance, the ongoing development of Layer 2 scaling solutions like Arbitrum and Optimism, and the network's reduced energy usage post-Merge. However, these developments have largely taken a backseat amid broader macroeconomic concerns. Market sentiment across risk assets has deteriorated in recent weeks, and crypto, mainly altcoins, have not been spared. Escalating tensions between the U.S. and China over tariffs have reintroduced uncertainty across global markets. Taiwan recently offered to drop tariffs entirely — a move that, while potentially stabilizing on the surface, may trigger a ripple effect as other countries reconsider their own trade strategies. The geopolitical climate has investors on edge, and crypto's high beta nature makes it especially sensitive to shifts in risk for a Structural Shift: Is a Bottom Forming? With Ethereum at a pivotal point on the higher time frame, this level could present a valuable long-term opportunity for those who believe in Ethereum's use case. From a technical standpoint, however, the market structure remains firmly bearish. Source: TradingView (User – NoticeTrades) – Screenshot @NoticeTrades The key here is to watch for a shift from lower lows and lower highs to a market structure that begins forming higher lows. This would signal a potential trend reversal. As of now, that shift has not occurred, and it may take a considerable amount of time before a bottom forms, especially with uncertainty continuing to drive markets lower. Read Next: BlackRock is calling 2025 the year of alternative assets. Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Ethereum Hits $1,450 For The First Time Since August 2023 — Is A Deeper Slide Or Rebound Ahead? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
WisdomTree Expands Institutional Tokenized Fund Platform to Arbitrum, Avalanche, Base and Optimism
Asset management firm WisdomTree (WT) is moving deeper into asset tokenization with expanding its institutional investment platform, WisdomTree Connect, to include 13 tokenized funds across five blockchain networks, the company said on Thursday. Previously limited to Ethereum, the platform now supports Arbitrum, Avalanche, Base and Optimism. Investors can interact with the funds through U.S. dollar or Circle's USDC stablecoins, with holdings accessible in third-party and self-custodial wallets. With these additions, WisdomTree Connect now claims the bragging rights of offering "the most extensive suite of tokenized real-world assets (RWA) available to institutions," a spokesperson said. The suite includes a tokenized money market fund, equity index funds, fixed income funds and asset allocation funds. The money market fund, WisdomTree Government Money Market Digital Fund (WTGXX), offers exposure to short-term government securities. Equity index funds such as WisdomTree 500 Digital Fund (SPXUX) and WisdomTree Technology & Innovation 100 Digital Fund (TECHX) track major stock market indices. The fixed income segment includes offerings tied to various Treasury durations and inflation-protected securities. The offerings are registered with the Securities and Exchange Commission (SEC) under the Investment Company Act of 1940. Asset tokenization is gaining traction among asset managers as they increasingly place traditional financial instruments on blockchain rails to pursue operational gains. It's a rapidly growing sector with the potential to become a trillion-dollar market as all kinds of real-world assets (RWAs) including real estate, bonds, credit move on-chain.
