Discover how USDY, a yield-bearing stablecoin from Ondo Finance, offers secure, regulated returns backed by US Treasuries across multiple blockchains.

, which are crypto assets pegged to a major fiat asset, have gained tremendous popularity and are helping investors deal with the typical volatility of the market. For many years, stablecoin cryptocurrencies have been used for payments, principal value storage, B2B transactions and more. However, traditional stablecoins have always lacked the ability to generate yield. These assets are fixed at a certain rate (e.g., $1) and, due to inflation, they don’t protect against your funds’ value erosion. 

 have started to gain traction over the past several years. These "new generation" stablecoins, unlike their traditional counterparts, not only provide rate stability but also generate yields, growing your investment over time. One of the leading assets among yield-bearing stablecoins is US Dollar Yield (USDY), issued by Ondo USDY LLC, part of 

Backed by low-risk traditional finance (TradFi) reserves, USDY generates yields and is a fully composable asset that can be used throughout the DeFi ecosystems of multiple blockchains. The reserves and issuance of the stablecoin are also subject to high regulatory controls. In the world of yield-bearing stablecoins, USDY is among the top choices in terms of popularity, regulation and security.

What is the Ondo US Dollar Yield (USDY) Token?

 (USDY) is a yield-bearing stablecoin offered by Ondo USDY LLC, part of the Ondo Finance DeFi solutions provider. 

USDY’s value tracks that of the US dollar, and it’s backed by Treasury bills and demand deposit reserves. The coin issuer’s parent company, Ondo Finance, specializes in institutional-grade crypto solutions. Ondo aims to make on-chain institutional-grade finance tools and infrastructure accessible to anyone.

USDY was launched in August 2023. As of April 2025, the stablecoin has become available on 

 — a level of multichain coverage that few other stablecoins can match.

While USDY’s price tracks the US dollar’s, its rate is typically somewhat higher than $1 because yields earned by each unit of the stablecoin are added to it, increasing its nominal value.

 (RWAs), primarily Treasury bills, although some portion of the reserves may also be represented by bank demand deposits. Both of these financial asset types are considered cash equivalents.

To ensure the Ondo ecosystem's security, Ondo backs each $100 equivalent of USDY with reserves worth $104, maintaining a 4% overcollateralization rate at all times.

Ondo Finance takes the transparency of USDY seriously. The company has established a bankruptcy-remote mechanism, with a separate corporate entity controlling the issuance and oversight of the stablecoin in various ways, including a board of directors with an independent director, and segregation of assets and reporting from Ondo.

USDY is a fully composable asset that can be used in the DeFi ecosystems of its host blockchains for various purposes, such as collateral, 

USDY provides several significant benefits for its holders. First, it allows eligible individual and institutional investors to earn dollar-denominated yield. This is in contrast to traditional stablecoins, which provide no yield opportunities at all. While other yield-bearing stablecoins also generate returns for holders, some of these pay the yields in volatile cryptocurrencies, rather than high-quality assets.

Thanks to its dollar peg, USDY offers both yield and relative stability. Additionally, it’s fully composable, creating opportunities for use across various DeFi protocols. USDY is available on seven blockchains, providing access to more DeFi opportunities than most yield-bearing stablecoins.

The coin may also be used for passive holding, growing in value over time as yields accrue. In this capacity, USDY represents a good low-risk, on-chain investment opportunity.

Finally, USDY’s overcollateralization and backing by high-quality TradFi assets, Treasury bills and demand deposits make it one of the most secure yield-bearing stablecoins on the market.

How does Ondo US Dollar Yield (USDY) work?

Individuals and institutional entities need to undergo an onboarding process to acquire USDY, during which they submit relevant identity, legal and tax documents. Ondo diligently applies 

 (AML) checks in order to adhere to US securities laws, the Investment Company Act of 1940 and other relevant regulations.

US and UK residents cannot apply to buy USDY, although you may be eligible if you’re a US or UK citizen and reside abroad.

If your application is approved, you can be issued USDY 40 to 50 days after your initial deposit date, although you’ll start earning yield from the first day of your investment. The minimum amount for investment or redemption is $500. You can buy USDY from Ondo using the 

 stablecoin. US dollar wire transfers are also supported for amounts over $100,000.

Redemptions are only transferred in US dollars to bank accounts outside the US. You can redeem your USDY investment at any time, and the typical timeline to receive your funds is about 2–3 business days from the date of your request.

USDY accrues yield daily. The stablecoin’s yields are structured not to incur any US federal tax obligations. Ondo doesn’t charge any performance or management fees for USDY yields. However, the company earns income from a portion of yields generated by the underlying assets backing USDY.

As noted earlier, USDY’s yields accrue to each unit of the token. Therefore, the value of one USDY is usually above $1. For instance, the average value of USDY as of the time of this writing (Apr 30, 2025) is $1.11.

For investors who prefer a fixed $1 rate for the stablecoin, Ondo offers the rebasing version, called rUSDY. Yields for rUSDY are paid to your wallet in the form of additional tokens by increasing the supply of the crypto, while the principal remains at (or very close to) $1. This is known as rebasing. USDY and rUSDY are freely convertible between each other.

The rebased version of the coin might be useful to those who need to ensure rate stability (for example, for B2B payments of agreed-upon contractual amounts) while also earning yields from their investments.

 as a swap pair with the USDT stablecoin.

USDY boasts numerous benefits for investors — low-risk yields from high-quality traditional assets, wide multichain coverage, regulatory compliance, transparency, composability and rate stability. The combination of all these benefits is quite rare in the crypto market, and the investor community is definitely taking note: USDY is already the third-highest-ranked yield-bearing stablecoin by market cap as of late April 2025. 

Since the yield-bearing stablecoin niche is expanding, the advantages of the USDY are likely to attract further interest, both among the institutional crowd and with individuals keen to access high-quality, institutional-grade crypto products.

Intermediate

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What is Ondo US Dollar Yield (USDY) and how does it work?

Discover the 7 top Sui meme coins in 2025, from MIU to HIPPO, as they gain traction with fast growth, strong communities, and unique use cases.

 blockchains, have continued to rally as investors make bold moves with renewed risk appetites. As a 

 blockchain, Sui has continued to attract crypto enthusiasts — especially meme coin lovers, who appreciate the platform's speed and affordability.

Recent surges in trading volumes and market caps of SUI meme coins — such as MIU, LOFI and BLUB — highlight growing investor interest. For instance, BLUB experienced an 88% increase in just 24 hours from Apr 22–23, 2025, contributing to the broader rally of SUI as its price surged over 63% in April 2025.

These coins often incorporate unique themes and philanthropic efforts, such as HIPPO's wildlife conservation donations, that foster strong community support.

Let's look at the top Sui meme coins making waves in the crypto market.

​Sui-based meme coins are rapidly gaining traction due to a combination of technological advantages and vibrant community engagement. The 

 parallel transaction execution and unique gas pricing mechanism enable ultrafast transaction speeds and minimal fees. This makes Sui an ideal platform for the high-volume, speculative trading that meme coins often entail. Sui’s scalability and secure Move programming language attract developers seeking efficient and safe environments for launching their new tokens.​

 (DeFi) further supports meme coin growth, providing avenues for increased utility beyond mere speculation. Following are the top ​Sui meme coins based on market cap, as of Apr 30, 2025.

 is currently the leading ​Sui-based “cat meme coin,” with a market cap of $70.6 million. It draws in investors with its fun, energetic branding and community-driven spirit. MIU also features expanded utility beyond its cute cat hype, allowing users to access DeFi and 

 (NFT) opportunities on its platform. It also promotes long-term commitment via its 

 process, as stakers can earn up to 15% APR with 12 months of staking.

The project frequently launches community events and contests, strengthening its dedicated holder base. MIU’s success highlights the growing appetite for meme tokens on scalable blockchains like Sui. Its playful appeal and strong tokenomics have positioned it at the top of the ​Sui meme sector. MIU is a 

 coin: its total supply is 9 trillion tokens, of which 55% are dedicated to a 

, 15% allocated to staking rewards, 15% to ecosystem development, 10% to community and 5% reserved for the team.

MIU continues to ride the wave of growing meme adoption, aiming to become a lasting force within the Sui ecosystem and beyond.

With a market cap of $35.86 million and over 50 million app users, 

 (MEMEFI) is an ambitious Telegram project that blends the world of memes with SocialFi utilities. Unlike typical meme coins that rely solely on hype, MemeFi aims to engage Telegram users with an interactive web3 meme-themed clicker game that offers daily giveaways and incentivizes ad creations for enterprises.

Its native token, MEMEFI, is more than just a mere meme coin, and has use cases for 

You can trade MEMEFI on Bybit’s Spot trading platform (

 is a rising ​Sui meme coin known for its chill "lofi vibes" branding that resonates with a younger, internet-native audience. Beyond its fun appearance, LOFI has demonstrated solid growth by tapping into communities through music, lifestyle and crypto.

The project also ties in eco-conscious initiatives, focusing on providing clean water sources for global communities and addressing the impact of ocean waste and plastic on marine health, giving it a mission-driven angle not typically seen in meme coins. Besides direct donating, minting LOFI Mystic Yetis NFTs also helps contribute to the cause, with 20% of the proceeds going to the LOFI Foundation.

Lofi’s accessible vibe and shrewd marketing strategy continue to attract new supporters, helping LOFI to stand out in the increasingly crowded ​Sui meme scene. 

 (commonly known as HIPPO) is a community favorite in the ​Sui meme world. The HIPPO token mixes humor with philanthropy, donating a portion of its revenues to wildlife conservation initiatives, starting with Thailand’s Khao Kheow Open Zoo that houses Moo Deng, the adorable pygmy hippopotamus that inspired this viral meme coin. This feel-good approach has helped build an extremely loyal community around the HIPPO token.

Sudeng’s dual focus on memes and real-world impact gives it staying power. The project’s growing community engagement ensures that HIPPO remains relevant in a fast-moving crypto space.

You can buy HIPPO as a USDT Perpetual contract on Bybit (

 is making waves in the ​Sui meme coin ecosystem with its aquatic-themed branding and integration of meme culture. Known for its friendly, community-first approach, BLUB frequently hosts giveaways, meme competitions and liquidity incentives to maximize engagement.

The coin’s fun branding and its steady increase in active users have helped BLUB climb the ranks quickly. Its strong online presence and viral meme campaigns have attracted crypto enthusiasts who are looking for the next breakout meme project. As it continues building partnerships and expanding its reach, BLUB demonstrates strong potential to become a staple in the Sui meme scene.

 (TOILET) is a rising meme coin on ​Sui that embraces humor and absurdity in a way that resonates with crypto culture. Its branding focuses on being intentionally ridiculous, tapping into the viral tone of meme coins that don't take themselves too seriously.

The project’s organic, community-driven growth has made it one of the most talked-about newer entrants in the ​Sui meme space. Frequent meme contests, community raids and spontaneous airdrops help fuel engagement. One of its biggest events is the distribution of Toilet Club Alpha Pass NFTs to the top 100 TOILET holders (as indicated by the Apr 21, 2025 screenshot), which gives holders access to all of Toilet Dust's projects and events and the right to vote on Toilet Dust's future development.

Despite its humorous façade, TOILET’s strong holder base and active marketing tactics suggest it may remain relevant as Sui’s meme coin ecosystem continues to expand.

 (FUD), another top project in the ​Sui meme coin category, is built around an adorable pug mascot battling FUD (fear, uncertainty and doubt) in the crypto world. With a humorous tone and clever marketing, FUD has built a vibrant community of holders who embrace both its memes and its mission.

FUD leverages trending memes, contests and airdrop rewards to keep its community marketing fresh and viral, helping it steadily grow in popularity. Its deep integration of ​Sui apps like 

 — as well as its deflationary tokenomics, whereby 20% is dedicated to token burning — makes FUD a strong contender for future growth in the meme space.

Buying ​Sui meme coins on Bybit can be exciting. Nevertheless, it's important to recognize the risks and rewards involved. 

, and their prices can swing wildly and quickly, offering chances for sizeable gains as well as sudden losses.

Always approach these investments with caution, never risking more than you can afford to lose. That said, the fast-growing ​Sui ecosystem and meme culture can create rewarding opportunities for traders who stay informed and manage their risk properly.

Currently, you can buy MEMEFI as a Spot pair and Perpetual contract on Bybit. HIPPO is also available as a Perpetual contract. This gives traders the flexibility to choose the type of exposure they want — simple buying and holding with Spot, or leveraged trading with Perpetual contracts.

Spot trading is the most straightforward way to buy ​Sui meme coins, as you directly purchase the coin and own it outright. On Bybit, the process is simple. After choosing the Spot pair, such as MEMEFI/USDT, select your preferred order type — e.g., 

(you set the price you're willing to pay) — and confirm the trade to make your purchase.

Spot trading is ideal for beginning traders, as well as anyone who prefers a more straightforward, lower-risk approach as compared to 

Buying Sui meme coins as Perpetual contracts

Bybit offers MEMEFI and HIPPO as USDT Perpetual contracts for those seeking more advanced trading options. With Perpetual trading, you don’t own the actual coins; instead, you speculate on their price movement. Key points to understand include the following:

Perpetual contracts can offer significant rewards, but require a strong understanding of 

. Always start with lower leverage and practice solid trading discipline.

Whether you prefer the simplicity of Spot or the strategy of Perps, Bybit provides flexible ways to explore the booming ​Sui meme coin market.

The rapid rise of meme coins on the Sui blockchain highlights the power of community-driven projects when they’re paired with innovative technology. Thanks to Sui’s high-speed transactions, low fees and developer-friendly environment, Sui meme coins like MIU, LOFI and HIPPO have found a perfect ecosystem in which to thrive. Each project brings something unique to the table — whether humor, philanthropy, DeFi innovation or pure meme culture — creating a vibrant and diverse ​Sui meme coin landscape.

Beginner

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7 top Sui meme coins to pay attention to in 2025

Mastercard has partnered with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. 

Daily top performer — Drift Protocol (DRIFT)

The S&P 500 rose 0.58% for a sixth straight gain as markets await key inflation and GDP data, alongside earnings from Meta and Microsoft. Gold fell 0.60% to $3,323 as a stronger USD and improved risk appetite limited safe-haven demand. Prices remained range-bound, with key levels at $3,260 support and $3,400 resistance. The Coindesk Indices, which tracks the broader crypto market, rose 0.51%, with Bitcoin and Ether up 0.55% and 1.31%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DRIFT, which surged 28.7% following the introduction of Amplify, Drift's tool for simplified leverage that boosts yields with increased risk.

Drift Protocol (DRIFT), founded in 2021, is a decentralized exchange (DEX) on Solana offering spot trading, perpetuals, and market-making tools. Drift v2 builds on this by improving trading efficiency, security, and user-centric features, incorporating community feedback to enhance the platform. 

 by Drift automates leveraging strategies for higher yields by recursively borrowing against yield-generating assets. It simplifies the process, making leverage accessible with one click. However, risks such as liquidation, changing interest rates, and oracle failures exist. Amplify is designed for users with JLP or SOL LSTs seeking to boost yields with minimal complexity but comes with increased risk.

Check out the latest prices, charts, and data of 

 with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. The company aims to make it easier for both merchants and consumers to use stablecoins, promoting blockchain technology's mainstream adoption. Additionally, Mastercard has launched a crypto payments card with MetaMask, enabling self-custodied fund transactions with fast processing speeds. Stablecoin market growth is expected to reach $3.7 trillion by 2030.

Yesterday, Bitcoin spot ETFs saw $43.9 million in net outflows, all from non-GBTC funds, while GBTC recorded zero flows.

, a Layer-1 blockchain focused on AI agents and user-owned IP, is offering a limited-time free ticket to its Summit Series for the next 18 hours. Users can also join the Camp Points Program by completing simple tasks to earn points, which may qualify them for a future $CAMP token airdrop. A minimum of 30 points is required to be eligible. Daily check-ins earn bonus points. VPN use may be needed for access.

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Mastercard partners with Circle, Paxos, and Nuvei to enable stablecoin payments for 150 million merchants

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. 

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. A weakening dollar, combined with disappointing equity returns, has created a fertile environment for gold to thrive. With gold priced in dollars, any depreciation in the US currency enhances gold's relative value, attracting both domestic and international investors.

Year-to-date, gold has gained 26%, while the S&P 500 has declined by 11%. This inverse relationship underscores gold's role as a traditional 

 during periods of economic uncertainty and market volatility.

Adding to the bullish momentum, inflationary pressures are remaining persistent, further eroding the purchasing power of fiat currencies and boosting gold's appeal as a hedge against currency devaluation.

Geopolitical uncertainty and tariff risks

Trade policies under U.S. president Trump have reignited fears of global tariff wars. The uncertainty surrounding tariffs has prompted investors to seek refuge in gold, considered the "global currency" during times of economic disruption. Concerns about tariffs on key commodities, including gold itself, have added another layer of complexity to market dynamics.

Potential tariffs on gold could mirror the recent surge in copper prices, as supply constraints and increased demand drive costs higher. Exporters and importers, wary of volatile exchange rates, are increasingly opting to hold gold instead of more vulnerable currencies like the Canadian dollar (CAD), Japanese yen (JPY), euro (EUR), Chinese yuan (CNY) and Mexican peso (MXN).

By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions. As global commerce adapts to new tariff structures, the demand for gold as a "store of value" is likely to intensify.

Interestingly, the ongoing trade war dynamics suggest that for the first time in decades, gold may be emerging as the 

. As U.S. imports become more expensive due to tariffs, exporting countries earn less revenue and, consequently, reduce their investments in US Treasuries. This dynamic has led to selling pressure on Treasuries, weakening their traditional role as a safe-haven asset — and with Treasuries losing their appeal, investors are increasingly parking their capital in gold, reinforcing its unique position during this period of heightened trade tensions.

From a technical standpoint, gold's rally appears robust. The 

 (MACD) indicator remains positive, signaling that bullish momentum is intact. Notably, the 12-day moving average is above the 26-day moving average, confirming that short-term price action is outpacing longer-term trends.

 (RSI) stands at 60, indicating that while gold is nearing overbought territory, momentum hasn’t yet faded. This technical setup suggests that gold could continue its upward trajectory in the near term, especially if macroeconomic and geopolitical factors remain supportive.

The next upside technical target is pegged at $3,500, with analysts projecting a potential move toward $4,000 by year end if current momentum holds.

China's role in supporting gold prices cannot be overstated. Amid a deepening economic slowdown and strict capital controls, Chinese investors are increasingly turning to gold to preserve their wealth. With over 1.4 billion citizens seeking alternatives to a weakening yuan, demand for gold within China has surged.

This trend is reflective of a broader shift in emerging markets, whereby gold is viewed not just as an investment but as a critical safeguard against economic instability and currency depreciation. Intensifying Chinese demand provides an additional tailwind to global gold prices.

While gold commands the spotlight, silver presents an intriguing complementary opportunity. Historically correlated with gold, silver remains significantly below its ATH of $50, which was set in 2011. Given the momentum in precious metals, silver's relative undervaluation offers considerable upside potential for investors seeking diversification.

With industrial demand also supporting silver prices, silver could benefit from both safe-haven inflows and economic recovery scenarios, making it a compelling addition to a diversified precious metals portfolio.

In conclusion, gold's impressive surge to record highs is being driven by a combination of macroeconomic headwinds, geopolitical uncertainty and strong technical indicators. Trade policy risks, the weakening dollar and growing demand from China reinforce gold's role as a premier safe-haven asset.

Because technical momentum remains positive and investor sentiment strong, gold appears well positioned to continue its ascent toward the $3,500 mark by year end. Investors seeking to hedge against economic instability and currency volatility will likely find gold — and potentially silver — to be attractive additions to their portfolios in 2025.

Advanced

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Bybit X FXStreet Report: Gold could reach US$4,000 per ounce by 2025

Candlestick

Trading

A Doji candlestick forms when the market opens and bullish traders push the prices up. It signifies the indecision of the bulls & bears market. Read on to find out more.

Doji-Candlestick-chart-pattern.jpeg

The Doji candle, referred to as the Doji star, signifies the indecision between the bulls and bears of the financial or crypto market. This candlestick chart pattern forms specifically when a market’s close and open prices are almost the same. There are plenty of Doji patterns, including dragonfly Doji, gravestone Doji, and long-legged Doji.

Doji candlestick is mainly used to indicate indecision since the high, low, open, and close in which these four prices are the same.

Still, not all of these Doji variations are used the same way. In fact, Doji can also be used to indicate the slowing momentum of an existing trend. That is why you must understand the differences and interpret the differences of these formations to minimize risks and earn a consistent profit.

A Doji candle is a candlestick formation that shows up when the open and close price appears relatively at the same level, while the shadows are relatively long. The wick is made up of a vertical line of the Doji pattern, while the body is referred to as the horizontal line.

Doji candlestick typically forms when the market opens, and bullish traders push the prices up. While the price pushes down when the bearish traders attempt to reject the higher price. The differences in the opening and closing price of an asset are reflected through the body of the Doji candle. Whereas the top wick represents the highest price and the bottom represents the low.

Then, a cross shape is formed when the price open and close price of an asset is more or less at the same level. The cross shape appears in a form where the candle’s body will either be very small or almost non-existent, while the upper and the lower wicks are at equal length.

A Doji refers as “dо̄ji” in Japanese, is a name in which the candlestick has an open and close that are equal and often the components in patterns. When translated in Japanese, Doji means blunder or mistake, where it refers to the rarity of an exact match of a closing and opening price.

Ultimately, it is a transitional candlestick that primarily defines the equality and indecision of the bull and bears in the financial market.

Since most traders rely on historical data and real-time price action for the buy or sell signals, the Doji candle proves to be invaluable to evaluate the market condition. For example, if Doji appears during a bullish trend, it signals that the market has entered a state of indecision and neutrality. This can end up with the continuation of the trend or with its reversal.

However, these signals are insufficient to conclude your decision to exit a position. So using a 

 can further confirm what Doji suggests.

Assuming Bitcoin’s price opens at $55,903, the buyer demand is higher, causing the price to move on an uptrend reaching a high at $57,135. Then sellers tried to push the price lower to a low of $54,715. However, the day ends with a closing and opening price at $55,903, forming a long-legged Doji, as shown in the photo. It means the buyers and sellers have come to indecision, referring no directional bias occurs for that day.

A neutral Doji candle forms when the market opens, and bullish traders push the prices up and vice versa for bearish traders. However, it’ll find strong resistance or support at some point and goes in the opposite direction, the same level of counteraction is found. In the end, it closes at relatively the same level where it opened, which suggests a moment of indecision.

For example, the market can open higher, after which bears reject the ascension and push the price back down to a certain level. As a result, the market tries to balance the situation by returning near its open. This kind of Doji is regarded as a trend continuation signal, but sometimes it can lead to a reversal.

It’s worth noting that the Doji pattern doesn’t necessarily mean reversal or continuation but simply indecision. Such candles can often be seen during periods of resting following strong uptrends or downtrends. The market may continue its way after resting.

However, it can also suggest that the existing trend is losing strength. It’s challenging to confirm the Doji signals without confirmation from the technical indicators, still, it suggests a substantial indication of both 

As mentioned, the Doji candlestick pattern can differ depending on the position and length of the shadows. Here are the most popular variations:

The neutral Doji consists of an almost invisible body positioned in the middle of the candle, i.e., the upper and lower shadows have similar lengths. This pattern shows up when both the bullish and bearish sentiments are balanced.

However, it doesn’t provide any specific signal when used separately. Usually, traders consider it a trend continuation pattern, but reversals might also occur quite often after it. If the neutral Doji comes after a strong bullish candle, investors will interpret it as a buy signal.

Also, if a bullish candlestick shows up above Doji’s high and has a higher low than the Doji’s low, it can be interpreted as a buy signal. Vice versa is valid for the bearish signal.

Long-legged Doji has longer shadows. It suggests that both buyers and sellers tried hard to take control over the 

 at some point during the period covered by the candle, though there was no winner in the end.

When traders spot this formation, the closing price concerning the whole candle’s mid-point should be monitored closely. If the close price is below the mid-point, it signals bearish, especially near resistance levels. If the close is above the mid-point, it is indicating a buy signal, as the formation resembles a bullish pin bar.

On the contrary, if the closing price is right in the middle, it can be considered a trend continuation pattern. Hence, so you should always check the previous candles.

 has a long lower shadow and a non-existent upper shadow. It means that the open, close, and high are all at the same level. Thus, resulting in a T-shaped candle.

If such a pattern shows up at the bottom of a downtrend, it can be regarded as a buy signal. However, if the price action breaks above the high, traders can open a long position. However, if the Dragonfly Doji forms near the resistance level, traders can exit positions as it is considered a reversal pattern.

As opposed to Dragonfly Doji, Gravestone Doji’s open and close prices coincide with the low. Thus, we get an inverted ‘T’. It suggests that the bulls may push the price up but ultimately failed to sustain the bullish momentum.

 shows up during an uptrend, it can be regarded as a reversal pattern, especially when seen near a relevant resistance level. Alternatively, it can act as a bullish reversal signal when it appears during a downtrend near a support level.

The 4 Price Doji is a unique pattern that can be observed rarely, especially during low-volume trading or on smaller timeframes. It resembles a minus-like line, which suggests that all the four price indicators, including high, low, open, and close, were at the same level in a given period. 

In other words, the market didn’t move at all during the covered period. This type of Doji is not a reliable pattern and can be ignored. It merely shows a moment of market indecision.

A single Doji is regarded as a good signal of indecision. However, two consecutive Dojis represent an even greater pattern that can lead to a strong breakout. There is a simple Double Doji strategy that aims to benefit from this more prolonged indecision.

After the two Dojis, traders can wait for the price to move higher or lower. Then enter the market in the breakout direction. While the take profit targets can be set near a recent 

. Alternatively, you can place a trailing stop, as the new move might continue even beyond the current support or resistance.

Doji Candle vs. Hammer Candle: The Differences

Doji and hammer candle might look similar because they both run into the shadows and short bodies. However, a hammer candle is with a long lower shadow that is almost twice the size of a real body.

A hammer candlestick usually appears after a price decline, signaling a potential upcoming reversal. It signals a bullish reversal of a 

 that usually appears at the bottom of downtrends. The hammer candle comes in handy to help traders visualize where the support and demand are and signaling traders when the downtrend could possibly be over.

While Doji can be seen at any point. The same is true about the difference between Doji and the Shooting Star, which is an 

Given that there are several types of Doji candlesticks, there are different ways to trade them. However, in most cases, you should use additional indicators, such as momentum indicators to confirm the suggestions Doji is signaling.

Here is an example of a trade using a neutral Doji:

As you can see, the Doji candlestick formed after a temporary correction within a newly formed uptrend. The question is — will the upward movement continue, or will the price turn bearish? To obtain a more accurate picture, we checked the Stochastic. It indicates that there’s more room for growth, as the price action is not even close to the overbought level. Indeed, the price eventually maintained a general uptrend.

So, when you see that the Doji candlestick forms at the bottom of a downtrend or near an uptrend’s resistance, you should always check the Stochastic or the RSI indicator to get a better signal.

Ultimately, the best way to trade the Doji is to wait for the next candlestick to break above its high or below its low. Assess the indications, then only make a final decision about opening a position or closing one.

Trading With Dragonfly and Gravestone Doji

Besides the neutral Dojis, you can look for Dragonfly and Gravestone Dojis, which can provide signals independently. However, additional technical indicators are recommended anyway. Dragonfly and Gravestone Dojis are very similar to the Hammer and Shooting Star patterns, and the types of signals are similar as well. 

Here is an example of a trade based on the Dragonfly Doji:

In the image above, the Dragonfly Doji formed after a steep bearish decline. This type of Doji anticipates a trend reversal, and this happened in our example as well. Moreover, the Stochastic reached the oversold level after the bearish candle, which suggested that the Dragonfly was even more relevant. Eventually, the price started to move upwards very slowly, and then the pace increased.

When the price moves higher for a while, the chart can form a Gravestone pattern. Which is an inverted Dragonfly Doji that precedes the reversal of an uptrend.

Relying on Doji alone is not a good idea because this type of candle is relatively neutral in most cases. Plus, a trader might risk missing out on crucial information before making a trade. That’s mainly because the Doji candlestick pattern relates only to the price information it provides.

Moreover, finding a Doji candle is not that easy, as these formations don’t appear quite frequently. Even when they show up, you should combine them with technical analysis and indicators to get a more accurate signal because Doji alone doesn’t provide strong signals.

In conclusion, the Doji candlestick is not the best pattern to provide strong buy and sell signals. But it does a great job at finding moments of indecision among bulls and bears, which highlights the open positions or potential opportunities.

It is more suitable for intermediate and professional crypto traders since they can easily spot them and interpret their signals.

Candlestick Patterns Professional Traders Use

 – A curated list of candlestick patterns most frequently used by traders

 – Learn the basics of candlestick patterns

 (Chart basics: trend, neckline, wedges)

What Is a Doji Candle & How to Trade With it?

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What Is a Doji Candle & How to Trade With it?

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