Binance’s DOGE/USDT Pair Shows Bullish Breakout as Dogecoin Eyes $1.60

Dogecoin (DOGE), the popular meme-inspired cryptocurrency, is once again capturing the attention of traders and analysts as a historic fractal pattern suggests a potential surge to $1.60. A pseudonymous analyst known as Charting Guy recently shared a daily chart on X, highlighting a multiyear ascending wedge pattern that indicates significant upside potential for DOGE. The chart, which tracks Binance's DOGE/USDT pair, reveals that Dogecoin has broken through a key internal trend line that previously acted as resistance during rallies. This breakout has sparked bullish sentiment among traders, with many anticipating a repeat of past price surges. The analyst's prediction is based on a recurring technical pattern that has historically preceded major price movements in DOGE. If the fractal repeats, Dogecoin could see a substantial rally, potentially reaching the $1.60 target. This development comes as Binance continues to be a leading platform for DOGE trading, with its DOGE/USDT pair serving as a critical liquidity hub for the cryptocurrency. The bullish outlook is further supported by Dogecoin's strong community and its history of defying expectations in the crypto market. As of August 2025, traders are closely monitoring the DOGE/USDT pair on Binance for confirmation of the breakout and subsequent upward momentum.

Dogecoin Targets $1.60 As Historic Fractal Repeats: Analyst

Dogecoin, the meme-inspired cryptocurrency, is garnering bullish attention as a technical analyst predicts a potential surge to $1.60. A pseudonymous trader known as Charting Guy shared a daily chart on X, highlighting a multiyear ascending wedge pattern that suggests significant upside for DOGE.

The chart, tracking Binance's DOGE/USDT pair, shows dogecoin breaking through a key internal trend line that previously capped rallies. Currently trading at $0.2219, up 8.7% on the day, DOGE has cleared Fibonacci retracement levels at $0.1399 and $0.20, with the next major resistance at the golden ratio of 0.618 ($0.2671).

Fibonacci extensions point to higher targets at $0.3362, $0.4232, and $0.5596, with the full retracement level at $0.7605. The most ambitious projection aligns with the wedge's upper boundary at $1.6017, a level that WOULD mark a staggering rally from current prices.

Ethereum Surges Past $4,000 as Corporate Demand Fuels Rally

Ethereum breached the $4,000 threshold for the first time since December, marking an 60% monthly gain as institutional buyers aggressively accumulate the cryptocurrency. The rally follows sustained accumulation by treasury-focused firms, which have purchased nearly 2 million ETH since June through debt and equity offerings.

The second-largest cryptocurrency has rebounded 180% from its April low of $1,385, overcoming a brutal 65% drawdown earlier this year. Market observers now eye the $4,100 resistance level, with a breakout potentially propelling ETH toward $4,500.

Notable accumulators include BitMine Immersion and SharpLink Gaming, backed by Fundstrat's Thomas Lee and ethereum co-founder Joe Lubin respectively. Their billion-dollar treasury allocations underscore growing institutional confidence in ETH's long-term value proposition.

Bitcoin Faces Correction Risk as Binance Whale Activity Signals Sell Pressure

Bitcoin's rally above $120,000 has stalled, with on-chain data suggesting growing distribution pressure from large holders. CryptoQuant analyst Arab Chain highlights sustained whale inflows to Binance—consistently hovering between $4 billion and $5 billion—as a bearish indicator. The divergence between elevated exchange deposits and BTC's declining price mirrors classic distribution patterns.

Market participants are watching Binance's Whale-to-Exchange FLOW metric closely. Unlike spike-driven sell signals, this persistent baseline accumulation of exchange-bound BTC suggests methodical profit-taking rather than panic dumping. Retail interest continues to grow, but whale behavior often leads market turns.

History shows such sustained exchange inflows frequently precede 20-30% corrections during bull markets. The absence of extreme spikes may indicate whales are pacing their exits, potentially creating staggered resistance levels on any rebound attempts. All eyes now turn to whether $110,000 support can hold against this mounting sell-side liquidity.

Bhutan’s $59M Bitcoin Transfer Sparks Market Anxiety Amid Leveraged Long Unwind

Bitcoin's derivatives market is flashing warning signs as funding rates plummet, triggered by a rapid unwinding of Leveraged long positions. The stress emerges alongside speculation that Bhutan may liquidate part of its $1.2 billion BTC holdings after transferring $59 million to a Binance-associated address.

Perpetual futures funding rates dipped below 0.01%, a stark retreat from recent euphoric levels, according to Glassnode data. This cooling reflects traders scaling back speculative bets—a reset that reduces long squeeze risks but signals growing caution after weeks of aggressive bullish leverage.

The Himalayan kingdom’s potential sell-off adds pressure to an already jittery market, reigniting debates about sovereign crypto holdings’ impact on price stability. Binance’s involvement as a potential liquidity channel further concentrates attention on exchange flows during volatile periods.

Trump's Crypto Policy Shift Sparks Altcoin Rally

President Donald Trump's forthcoming executive order to allow 401(k) retirement accounts to invest in cryptocurrencies marks a watershed moment for digital assets. The MOVE could funnel trillions in sidelined capital into crypto markets, accelerating institutional adoption.

Ethereum has already begun outperforming Bitcoin, with its Q2 2025 gains signaling early rotation into altcoins. Market data shows Bitcoin's dominance slipping to 60.7% as altcoins gain traction, a pattern that historically precedes full-blown altseasons.

The policy shift follows Trump's growing embrace of crypto, including White House meetings with blockchain innovators and proposals for a federal crypto advisory role. With regulatory actions against major platforms like Coinbase and Uniswap being dropped, the administration appears to be entering a pro-crypto phase.

PENDLE Surges 38% Amid HyperEVM Launch and Whale Activity

Pendle's price rallied sharply following the integration of HyperEVM, which introduced $100 million capped pools for sUSDe with fixed yields of 8.8% and LP yields of 378%. The altcoin's trading volume spiked 414% in a week, with its price breaking out from a symmetrical wedge pattern and retesting the $3.50 support level.

Despite bullish momentum, uncertainty looms as whale deposits to Binance threaten to disrupt the uptrend. The $7.50 resistance remains a critical hurdle for PENDLE to achieve its projected 116% breakout. Traders are eyeing August 11, the next token unlock date, as a potential catalyst for profit-taking.