Author: Yeek.io

Dogecoin has challenged the $0.1 technical and psychological resistance level twice since the 25th of February. On both occasions, the memecoin was unable to break this supply zone. Source: Coinalyze Dogecoin was down 1.24% in the past 24 hours, according to CoinMarketCap, but the Open Interest has increased by 4.6%. A closer look at the data showed that the Funding Rate has been negative since Friday, the 6th of March. Additionally, the OI has been rising even as prices slipped lower. The Spot CVD was in a downtrend and neared the local lows. Speculative and Spot market participants seemed convinced…

The memecoin market has seen its collective market capitalization drop by 48% over the past year, and 6.9% over the past month, according to CoinMarketCap. According to Glassnode, the memecoin sector has only gained by 2.2% over the past week, compared to the 4.6% DeFi and L2 sectors managed. Among memecoins, PEPE’s weakness can be highlighted as an outlier. At the time of writing, the short-term and long-term charts were bearish, and the $0.00000336 local lows were under pressure once again. The Open Interest was in decline as the prices bled to show speculators were not willing to bet on…

Dogecoin has been under extreme bearish pressure since it fell below the $0.1 level. Amid this downward spiral, DOGE broke below the $0.09 support level and fell to a low of $0.088 before rebounding slightly.  At press time, the memecoin traded at $0.092, up 2.56% on the daily charts, indicating the memecoins’ heightened volatility.  Dogecoin retail activity dries up The broader crypto market saw reduced capital flows, and memecoin tokens, especially Dogecoin [DOGE], suffered the most.  With investors taking a step back, amid dominating risk-off sentiment, small-scale investors have almost abandoned the market entirely. Spot Retail Activity metrics from CryptoQuant…

Pippin [PIPPIN] saw a sharp sell-off as prices dropped roughly 37% over the past 24 hours. The decline coincided with a $43 million drop in Open Interest, signaling a wave of position closures. Such a sharp contraction often reflects traders exiting leveraged positions during falling prices. That shift suggested derivatives traders rapidly unwound bullish bets. Source: CoinGlass Open interest collapse signals position unwinding Usually, a steep fall in Open Interest reflects aggressive position closures. When Open Interest drops alongside price, long positions are often forced out of the market. That pattern indicated weakening bullish conviction across derivatives markets. As a…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If DeFi and TradFi truly converge, the pressure point will be on and off-ramps. Few things, other than secure custody, are more critical than having a low-friction way to convert digital tokens into the fiat currency people use every day. For years, that conversion layer was crypto’s weakest link, slowing down mass adoption. Summary Off-ramps are crypto’s real bottleneck: Without fast, low-cost fiat exits, trillions in on-chain value remain operationally trapped and disconnected from the real economy.…

In the past 24 hours, Form [FORM] rallied over 30%, outperforming the entire market and leading by gains for the top 200 coins by capitalization. The volume jumped by 90% during this period, recording around $89 million. The token continues to lead BNB Smart Chain (BSC) memecoin launchpads. Its price action was breaking above a slanting resistance zone, with future data becoming the clear driver. However, with declining Spot volume, can FORM sustain this trend? FORM’s price volatility is exploding On the charts, FORM price broke above the descending trendline at $0.19, which had resisted the uptrend since January 11th.…

Shiba Inu [SHIB] continued to trend downward, following the memecoin sector’s general weakness. The fearful market sentiment and lack of appetite for memes meant most of the popular tokens in this category were facing a long-term downtrend. Source: SHIB/USDT on TradingView The 1-day structure has turned bearish once more. In February, the imbalances on the 1-day timeframe (white box) were expected to be swept before the bearish trend resumed. Their alignment with the Fibonacci retracement levels made the idea more compelling. Yet, the bearish strength was too much to allow such a move. As things stand, a price bounce toward…

Pepe has slid 2.66% in value in the past 24 hours and was down 14.71% over the past week. It has followed the memecoin sector’s general bearish trend, although it has been one of the weakest-performing assets among popular memes over the past week. The bearish bias has not faltered over the past 24 hours of trading. There could be hope of a Bitcoin [BTC] short squeeze toward $70k later this week, which might alleviate the short-term selling pressure on PEPE. PEPE bears fail to breach a local support Source: PEPE/USDT on TradingView On the 1-day chart, the swing structure…

Popular memecoin Dogecoin [DOGE] appears set to continue its downward move in the coming month amid ongoing geopolitical tensions and a bearish market structure. According to TradingView, DOGE has fallen over 42% in the past three weeks and is now struggling at a key level while forming a bearish pattern, indicating that a major decline may be on the horizon. On the 2nd of March, DOGE declined by over 2.15% in the past 24 hours, trading at $0.092 at press time. During the same period, market participation also plummeted, as reflected in the trading volume, which tanked by 32% to…

Pump.fun [PUMP] has rallied 7.9% in the past 24 hours, and its daily trading volume saw a 9.61% bump higher, according to CoinMarketCap data. AMBCrypto had previously reported that the memecoin was flashing a reversal signal, and a two-week trendline resistance has been broken. Additionally, Spot outflows also signaled aggressive accumulation. At the same time, the longer-term price action retained a bearish swing structure. Will PUMP bulls be able to defend the $0.0017 support level once more? PUMP price action has been indecisive lately Source: PUMP/USDT on TradingView Since December, PUMP has oscillated between the $0.0017 and $0.0034 horizontal levels.…