Kalshi Files to Launch Perpetual Futures on 12 Cryptocurrencies

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

DOGE-0.686%

SOL-2.496%

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Market Expansion Plan: Kalshi has filed an application with the CFTC to launch perpetual futures contracts on 12 cryptocurrencies, including Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE), marking a significant expansion into crypto derivatives that is expected to attract more institutional investors into the market.
Regulatory Advantage: As a CFTC-regulated exchange, Kalshi offers legal protections and transparent settlement, providing a clear advantage over major offshore platforms like Binance and Bybit, particularly among U.S. retail traders who seek a compliant trading environment.
Potential Market Impact: With a combined market cap exceeding $384 billion for ETH, XRP, SOL, and DOGE, Kalshi's perpetual futures could influence price discovery and liquidity for these assets, akin to the impact CME had when it launched Bitcoin futures in 2017.
Strategic Transformation: This application signifies Kalshi's strategic leap from binary event contracts to continuous trading products, demonstrating confidence in market demand and its ability to manage risks across diverse crypto assets, potentially attracting more cryptocurrency holders to participate.

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Technical Analysis for DOGE

Technical Sentiment Analysis for Dogecoin (DOGE). As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Dogecoin (DOGE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0879	0.0922	0.0966	0.101	0.105	0.109	0.114
Fibonacci	0.0922	0.0955	0.0975	0.101	0.104	0.106	0.109

About DOGE

Dogecoin (DOGE) is based on the popular 'doge' Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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