Global #on-chain data

Dogecoin (DOGE) has been making headlines lately, following a remarkable 46% rally in recent days. The meme coin, once primarily known for its playful and humorous nature, is now showing signs of another potential breakout, sparking renewed interest among traders and investors.

DOGS Memecoin has recently experienced a dramatic sell-off, largely attributed to its no-lock token distribution strategy. The memecoin, which initially gained significant traction on the Ton blockchain, has since faced intense market volatility.

Ethereum (ETH) is currently exhibiting several bearish signals, driven by technical analysis, on-chain data, and recent market activities. The cryptocurrency has recently crossed a crucial resistance level and is now trading at $2,622, marking a 4% decline over the past 24 hours.

Cardano (ADA), a prominent cryptocurrency, has seen its price plummet by 50% since reaching a high of $0.8100 in March, now trading around $0.385. Despite a recent positive development from the U.S. Securities and Exchange Commission (SEC) declaring ADA not to be a security, the token is still grappling with significant sell pressure, raising concerns about its short-term outlook.

Nicholas Merten, a prominent figure in the cryptocurrency space renowned for his insightful analyses, has sent shockwaves through the community with his latest prediction of an impending "major flush down" for Bitcoin. Merten, the founder of DataDash and a respected crypto analyst, has amassed a significant following for his comprehensive market assessments and data-driven insights. Now, his stark warning about Bitcoin's future trajectory has captured the attention of investors and enthusiasts alike.