Dogecoin’s Bullish Momentum on Binance: Analysts Predict Mid-$0.30s Surge

Dogecoin (DOGE) has recently experienced a significant 78% surge over 38 days, sparking Optimism among analysts. Despite a minor pullback from its peak of $0.2597, technical experts Bluntz and TSG suggest this is a corrective phase rather than the end of its upward trajectory. Their analysis points to a continuation pattern, specifically an inverse head-and-shoulders formation on Binance’s twelve-hour chart, which typically signals further price appreciation. This development has led to renewed bullish targets in the mid-$0.30s for the memecoin.

Dogecoin Pullback May Be Short-Lived—Analysts Target Mid-$0.30s

Dogecoin’s recent 78% surge over 38 days shows signs of sustained momentum, according to technical analysts Bluntz and TSG. The memecoin’s retreat from its $0.2597 peak appears corrective rather than terminal, with both chartists identifying classical continuation patterns.

Bluntz’s twelve-hour Binance chart reveals a textbook inverse head-and-shoulders formation. The pattern developed between February and May, with key levels at $0.142 (left shoulder), $0.129 (head), and $0.164 (right shoulder). A descending neckline that constrained prices for two months was decisively broken, confirming the bullish structure.

BNB and Solana Rally as Unstaked AI Presale Gains Momentum

BNB surged to $611, testing key resistance levels at $625 and $640, while solana (SOL) consolidated near critical support with eyes on a $190 breakout. Market sentiment reflects cautious optimism as capital rotates toward emerging opportunities.

Unstaked, an AI-driven crypto project, has captured attention with its $2 million presale raise in 48 hours. The protocol’s Proof of Intelligence mechanism—an on-chain record of autonomous AI agent activity—positions it as a potential top-30 asset, with analysts forecasting a $7 valuation.

Binance’s recent SOL transfers coincided with renewed institutional interest in AI tokens. Unstaked’s $6 million funding round and 1000x growth potential underscore the sector’s appetite for decentralized machine learning applications.

Ukraine Drafts Bill to Add Bitcoin to War Chest – Is a National Reserve Next?

Ukraine is reportedly advancing a draft bill to incorporate Bitcoin into its national reserves, signaling a strategic pivot toward financial self-sovereignty amid its ongoing conflict with Russia. The legislation, confirmed by Yaroslav Zhelezniak, a member of Ukraine’s parliament, could establish a legal framework for digital assets with long-term implications for the country’s economic policy.

The proposal has garnered public support from Binance leadership, highlighting a convergence between Ukraine’s political objectives and institutional crypto stakeholders. This move may set a precedent for other nations exploring sovereign cryptocurrency reserves.

Sonic Token Drops 6% as Wintermute Exits Position

Sonic’s native token (S) fell sharply after market Maker Wintermute offloaded approximately $857,000 worth of holdings. The sell-off follows a pattern of strategic divestment, with Wintermute reportedly returning loaned capital rather than engaging in predatory dumping.

The Fantom successor had been riding strong momentum since its January launch, reaching $1 billion in total value locked (TVL) within 66 days. Binance’s recent airdrop further bolstered its position before today’s downturn.

Ecosystem analyst Intel Scout first linked the price action to Wintermute’s transactions, noting the movement of 3 million S tokens. Sonic’s team maintains this represents standard market operations rather than malicious activity.

Whale Flow to Binance Hits Six-Month Low at $3.27 Billion

Whale inflows to Binance have plummeted to a six-month low of $3.27 billion, signaling reduced sell-pressure from major holders. Historically, such declines in exchange deposits correlate with stronger price support, as fewer coins enter order books.

Bitcoin whales appear to be holding steadfast. CryptoQuant analyst JA Maartunn notes that during the March and November 2024 rallies, whale inflows surged past $6.17 billion and $8.44 billion respectively—peaks that preceded sharp pullbacks as whales took profits.

The current trend suggests a preference for off-exchange storage. Whales are likely moving BTC into cold wallets or over-the-counter venues, tightening market liquidity. With weaker sell-walls on Binance, traders interpret this as a bullish signal for potential price appreciation.

Dogecoin Active Addresses Surge Amid Price Stagnation

Dogecoin’s network activity has exploded with a 15-fold increase in active addresses, yet its price remains stubbornly range-bound below $0.24. The meme cryptocurrency shows classic divergence between on-chain momentum and market performance.

Binance traders are placing aggressive bets on a Doge breakout, with long positions outpacing shorts by a 3:1 ratio since late April. This lopsided positioning risks cascading liquidations if bullish momentum fails to materialize.

The disconnect between surging network usage and price action suggests underlying market structure weaknesses. While retail enthusiasm builds, DOGE lacks the institutional catalysts that propelled its 2021 rally, leaving the asset vulnerable to speculative froth.