THE LATEST CRYPTO NEWS

Over the last week, Ethereum (ETH) has dropped 13.8%, currently trading at the critical $2,000 support level. While the digital asset’s weekly Relative Strength Index (RSI) has hit its lowest point in three years, analysts warn that further downside may still be ahead. Ethereum RSI At Lowest Levels In Years US President Donald Trump’s trade tariffs on Canada and Mexico took effect earlier today, fueling fears of an impending recession. According to the latest data from Kalshi, there is a 39% probability of a recession occurring in 2025. Related Reading: Ethereum Must Hold This Key Level To Keep Altseason Hopes Alive, Analyst Explains The broader crypto market has also felt the pressure from these tariffs, with the total market cap declining from $3.7 trillion on December 14 to $2.8 trillion at the time of writing. Major cryptocurrencies such as Bitcoin (BTC) and ETH have been significantly impacted, down 7.1% and 8.9% in the past 24 hours, respectively. Unlike BTC, which saw a remarkable 2024 with multiple new all-time highs (ATH), ETH has struggled since reaching its peak of $4,878 in November 2021. Over the past year, ETH has declined by 41.6%, while BTC has risen by 26%. The latest crypto market pullback has added to ETH’s challenges, bringing it down to the psychologically significant $2,000 level. Crypto analyst Jesse Olson noted that intense selling pressure has pushed ETH’s weekly RSI to 35.87, its lowest reading since May 2022.  Olson further explained that the bottom was not reached in May 2022, as ETH subsequently dropped another 60%. If ETH follows a similar trajectory, it could fall another 60% from $2,000, potentially reaching around $800. Fellow crypto analyst Merlijn The Trader echoed Olson’s concerns, stating that Ethereum is currently “playing the waiting game.” The analyst emphasized that ETH is approaching a crucial “make or break” level on the RSI. Analyst Urges Not To Panic Sell ETH Despite heightened macroeconomic uncertainty due to Trump’s trade tariffs, some analysts remain confident that ETH is nearing its bottom and could soon resume its uptrend. In an X post, one crypto analyst remarked: Ethereum is currently retesting the 21-Day EMA on the 3-Month chart. ETH has NEVER closed a candle beneath this level. We are either about to witness history or we are very close to bottoming. Be VERY CAREFUL Panic Selling! Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts There might still be hope for the second-largest cryptocurrency, as recent analysis found that ETH exchange balances have dropped to a 9-year low, strengthening the digital asset’s supply scarcity narrative. At press time, ETH trades at $2,126, down 8.9% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

A blockchain investigator discovered a series of dormant XRP wallets linked to Ripple co-founder Chris Larsen, which had over 2.7 billion XRP. These holdings are worth around $7.18 billion. Some of these wallets had been idle for six to seven years before unexpectedly reactivating in January 2025. Related Reading: Ethereum Breaks Below Parallel Channel – Is ETH Collapsing To $1,250? Old Wallets Begin Moving Large Amounts The once-idle wallets did not remain quiet for long, crypto sleuth ZachXBT disclosed. More than $109 million in XRP transactions were registered, with cash going to prominent exchanges such as Coinbase, Bitstamp, and Bybit. This unexpected activity has prompted doubts regarding the timing and purpose of the transfers. Some in the cryptocurrency world worry if Larsen lost access to the wallets and only recently regained control. Others suspect that the money changed hands a long time ago, possibly as early as 2013. ZachXBT remarked that it is unclear whether Larsen still has direct control over all of these wallets. XRP: Market Impact And Price Surge The timing of these wallet activations coincided with a key announcement by US President Donald Trump. He outlined ideas for a strategic cryptocurrency reserve that comprises XRP, Bitcoin, Ethereum, Solana, and Cardano. This revelation caused a sharp price uptick in XRP: from $2.23 to a peak of $2.93 and then to $2.60, translating to an 18% increase. Investors and traders paid attention, with some conjecturing that the value increase was connected to the wallet movements. Previous Transfers Add More Questions Larsen’s transactions have made headlines before. Back in September 2020, he transferred approximately 500 million XRP, worth $115 million at the time, to an unidentified address. He later explained that the move was to NYDIG for security purposes. Nonetheless, others in the cryptocurrency field suspected that there could have been other motivations, although there was no substantial proof to corroborate those assertions. Related Reading: Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes What Comes Next? Discussions have resurfaced in response to recent developments. Is this just ordinary fund management, or is there something bigger going on? The answers are still unknown. As the XRP community monitors these wallets, speculation persists. Will there be other significant transfers? Could this have a further impact on the XRP market price? While no one can say for sure, one thing is certain: when billions of XRP start moving, people will know and start to make some noise. Featured image from Pexels, chart from TradingView

The Ethereum Foundation has announced a significant shake-up in its leadership ranks, appointing two new co-executive directors as it embarks on a fresh strategic direction. Hsiao-Wei Wang and Tomasz Stańczak will jointly take the helm of the non-profit that stewards Ethereum’s development, replacing the sole executive role previously held by Aya Miyaguchi​. Related Reading: Solana Jumps 9% As Whales Quietly Accumulate Millions—Details On the other hand, Miyaguchi, who served as Executive Director for seven years, is transitioning to the newly created position of Foundation President​. This interesting change in leadership comes as Ethereum’s price continues to undergo a decline towards the $2,000 mark. Co-Executive Directors Take Helm Of The Ethereum Foundation Ethereum’s new leaders bring a blend of deep protocol expertise and industry experience. Hsiao-Wei Wang, a seven-year veteran of the Ethereum Foundation’s research team, was a key contributor to core initiatives like the Ethereum 2.0 beacon chain and sharding research. She also earned respect as a community builder by organizing Ethereum developer events in Taiwan. Tomasz Stańczak, meanwhile, is best known as the founder of Nethermind, one of Ethereum’s major software clients, which he grew from a small project into a global blockchain infrastructure company​. Stańczak’s expertise in engineering and talent development is expected to strengthen the Foundation’s technical teams, and he’s even in the process of stepping down as Nethermind’s CEO to focus on this new role​. This leadership restructuring is a shift from Ethereum’s earlier setup, where decision-making often centered on a few figures like Miyaguchi and even Ethereum creator Vitalik Buterin. Buterin, who had hinted that changes were coming, took to social media platform X to publicly congratulate Wang and Stańczak on their appointments. In practical terms, the new directors are expected to double down on technical R&D (like scaling improvements and protocol upgrades) and nurture the developer community, all while keeping Ethereum’s ethos of a permissionless and censorship-resistant financial platform intact. Price Action More Bearish Than Bullish Ethereum’s market performance has been on a full decline in recent weeks, which is an extension of its underperformance in the current market cycle. After a strong start to the year when the ETH price surged to about $3,700 in early January, the momentum has been of a decline for the past two months. Notably, ETH’s lack of a bullish price momentum has been aggravated by Bitcoin’s price crash in the past week, which has flowed into the altcoin market. This fall in the price of Ethereum has been accompanied by a decline in on-chain activity and sentiment reaching a 12-month low. Related Reading: Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes Transaction volumes in late February dropped about 15%, to roughly $12 billion per day, the lowest in two months, while the number of active Ethereum addresses fell by 10% over the same period​. At the time of writing, Ethereum is trading at $2,210 and is at risk of breaking below $2,200 this week.  Featured image from VOI, chart from TradingView

Dogecoin’s price action in the past 24 hours has been characterized by a struggle to hold above the $0.20 price level. Notably, this struggle above $0.20 comes after Dogecoin’s break below the level on the last day of February, marking the first time it traded below $0.20 since November 2024. From a technical outlook, this recent price crash aligns with a pattern that has preceded rallies for DOGE, with the meme coin essentially re-visiting its previous local peak. Dogecoin Price Revisits Local Peaks Before Another Breakout Dogecoin’s price crash to $0.20 could begin an extended bearish move from here, but technical analysis suggests otherwise. Crypto analyst Trader Tardigrade has provided a bullish perspective, arguing that Dogecoin’s current price action fits within a well-established pattern that has historically preceded major rallies on higher timeframes. Related Reading: Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes As noted by the analyst, Dogecoin’s price has pulled back to trading around the $0.22 level, which is only a retest of its local peak after the rally in the first three months of 2024. Interestingly, the meme coin’s latest movement to $0.22 follows a larger correction from its December 2024 high of $0.475.  Interestingly, this isn’t the first time that Dogecoin is revisiting its previous local peak this cycle, with Trader Tardigrade’s analysis highlighting how Dogecoin tends to revisit former peaks before entering a sustained rally. According to the weekly candlestick timeframe chart that accompanied his analysis, Dogecoin has revisited its local peaks about three times since July 2023.  The most notable revisit of a local peak was in Q3 2024, when Dogecoin retraced to around $0.095 after its peak of $0.22 in April 2024. Interestingly, this retracement to $0.095 in Q3 2024 was also a revisit of its December 2023 peak price. It continued to hover around $0.095 between July and September 2024 before surging toward $0.48 in Q4 2024. Therefore, if history repeats itself, the current consolidation phase around $0.22 could last for several weeks before the next leg up. Image From X: Trader Tardigrade Major Uptrend Coming Next? The current return to the $0.22 price zone suggests that Dogecoin may trade within this range for the next few months before another breakout. As such, the Dogecoin price may continue to range between $0.20 and $0.22 until May 2025. However, it might not take that long for Dogecoin to kick off the next rally. Nonetheless, Trader Tardigrade’s projection put the next rally at a price target above $0.8. Such a move would see Dogecoin trading at new price territories above its current all-time high of $0.7316. Related Reading: Solana Jumps 9% As Whales Quietly Accumulate Millions—Details In a separate analysis, the same crypto analyst pointed out that Dogecoin’s 4-hour Relative Strength Index (RSI) had broken out of a descending trendline, signaling that bullish momentum is building. While this is a promising development, he noted that Dogecoin must still break out of its Descending Trendline for the uptrend to fully take shape. At the time of writing, Dogecoin is trading at $0.2062. Featured image from The Street, chart from TradingView

Whale behavior in the Solana market is causing yet another ruckus, but in a good way. The token’s value climbed 9%, reaching roughly $137. A large numbers of moneyed people, “whales” they are called, is gobbling up huge amounts of the Solana crypto. Technical signals suggest a strong momentum and growing open interest, keeping traders upbeat and glued on their celphone or PC screens. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Whale Invests Millions Of Dollars In SOL One major investor purchased 50,000 SOL, worth nearly $7 million, data from Lookonchain shows. There were other whales that staked 41,096 SOL, or $6.90 million. By reducing the amount of supply that is currently in use, these buying activity could help stabilize prices. This type of whale appetite isn’t new for Solana. Historically, significant acquisitions have resulted in price spikes, and traders are anticipating that this trend will continue. Whales are accumulating $SOL! AHdUMw…qMnj withdrew 54,544 $SOL($7.46M) from #Binance 2 hours ago. 7i6FUR…kp5J withdrew 41,096 $SOL($6.96M) from #Binance 1 hour ago and staked it.https://t.co/CvCPgVEkARhttps://t.co/KsY2f5UzBahttps://t.co/UEwsxSnVlR pic.twitter.com/pCa0MGEdjU — Lookonchain (@lookonchain) February 28, 2025 Open interest in Solana futures has increased from $2.2 billion to $2.7 billion, indicating that players with leveraged holdings remain interested. The Relative Strength Index is approaching the overbought zone, as the Moving Average Convergence Divergence flashes a strong signal. There are technical signs that support the upward trend. After going up to 68, the RSI is now close to the zone where prices are too high. Some traders may think it will go down if it breaks above the 70 mark. The MACD indicates that the buying momentum remains robust. Traders frequently employ this to determine whether an asset has potential for further growth or if a reversal is imminent. Historical Whale Accumulations And SOL Price Increases Whale activity has historically been a significant factor in the price movement of Solana. SOL reached an all-time peak of $262 in November 2024 as a result of a $35 million purchase of the token by whales in a mere two days. Since late October 2024, a single whale has amassed over 257k SOL, to the tune of almost $54 million. This contributed to Solana’s market capitalization surpassing $100 billion, making it as one of the most prominent altcoins in the market. Related Reading: Dogecoin Sees 95% Drop In Network Activity—Trouble Ahead? The Road Ahead For SOL Solana’s short-term outlook is favorable, as whales continue to increase their holdings and open interest is increasing. Traders should keep a watchful eye out on indications of a potential correction as the RSI approaches overbought territory. Currently, the bullish momentum is unabated, and as past trends indicate, whale accumulation could be pointing to more upside movement. Solana’s ability to sustain this trend is contingent upon the duration of the purchasing pressure and the influx of new investors. Featured image from Asa-Leb, chart from TradingView

The crypto market is buzzing with excitement as XRP, one of the most resilient digital assets, stages a remarkable comeback. After navigating a challenging period marked by regulatory hurdles and market volatility, XRP is now breaking through key resistance levels with undeniable momentum. The spotlight is firmly fixed on the $2.25 mark, a critical barrier that could unlock the next chapter of XRP’s bullish journey. With technical indicators flashing green, institutional interest on the rise, and a broader crypto market recovery underway, XRP’s journey to $2.25 and beyond could be one of the most exciting narratives in crypto this year.  Breaking $2.25: A Gateway To New Highs? The $2.25 level holds immense technical and psychological importance for XRP. Historically, this zone has acted as a formidable resistance point, often dictating the direction of XRP’s price action. Breaking above it would validate the current bullish momentum and signal a potential shift in market sentiment toward stronger buying pressure, opening the door for further gains. Related Reading: XRP Price Wobbles at $2.00—Will Bulls Step In to Save The Week? A successful breakout above this zone would confirm strong bullish momentum, opening the door for growth toward $2.92 and even $3.4 in the near term. Historically, breaking key psychological and technical resistance levels has often triggered accelerated price action, as sidelined buyers step in and short sellers unwind their positions. As XRP builds momentum, technical indicators suggest that the rally could extend beyond $2.25, reinforcing a bullish outlook. One key indicator, the Relative Strength Index (RSI), is attempting to break above the 55 threshold. Once the altcoin moves above this level, it may spur demand for XRP, potentially fueling further upside momentum. Additionally, a rising RSI often aligns with strengthening price action, suggesting that buyers are gaining control. If the RSI continues to trend higher and crosses into the overbought territory (above 70), bullish momentum tends to build, increasing the likelihood of XRP challenging higher resistance levels. Bearish Possibilities While XRP’s recent rally has been impressive, the cryptocurrency is not immune to bearish pressures. As the market watches the asset challenge key resistance levels, attention is also turning to critical support zones that could determine whether the uptrend holds or gives way to a bearish breakdown. Related Reading: XRP Bears Resurface—Key Levels to Watch Now Weakening momentum, combined with failure to break above the $2.25 resistance level, points to renewed selling pressure, leading to a possible decline toward the $1.97 support zone. A rejection at this key resistance could signal exhaustion among buyers, allowing bears to regain control and push the price lower. In the event of a drop below $1.97, the next critical support levels to watch would be $1.85 and $1.75. Failure to hold these zones might reinforce a more extended bearish phase, exposing XRP to deeper corrections. Featured image from Adobe Stock, chart from Tradingview.com

Tron (TRX) is demonstrating its status as a dominant force in the realm of altcoin transactions. The network has established itself as one of the busiest blockchain networks by capturing a significant 42% proportion of all altcoin transactions. Tron’s dominance is becoming increasingly apparent due to its expanding role in decentralized finance (DeFi) and its efficient system for managing Tether (USDT) transfers. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Tron’s Position In The Altcoin Market Tron has established itself as the foundation for stablecoin transfers, processing millions of transactions each day. The blockchain is a critical factor in the growth of its market share, as it processes a substantial portion of USDT transactions. For merchants and investors seeking to efficiently transfer funds, Tron is an appealing option due to its low fees and high transaction speeds. TRON Leads Altcoin Transactions with 41.6%, Driven by USDT and DeFi Growth! “This chart shows the transaction percentage of major altcoins (ex. SOL and BNB) over time. Tron Network has the highest share, staying around 40%. In recent days, it reached 41.6%.” – By @JA_Maartun pic.twitter.com/Eeq0JylaxV — CryptoQuant.com (@cryptoquant_com) February 26, 2025 Tron’s domination extends beyond the realm of small-scale activity, according to a research by CryptoQuant. The fact that the network currently controls 70% of all USDT transfers is a clear sign that users prefer the network over competitors such as Ethereum and Binance Smart Chain. Because of this, Tron’s entire USDT supply share has climbed to 43%, which is on the verge of reaching its highest level ever recorded. A Closer Examination Of The Data The statistics are the foundation of Tron’s strength. The network processes more than 14 million USDT transactions per week, according to recent statistics. The volume alone is sufficient to establish it as a leader among the majority of altcoins, demonstrating its increasing importance in the cryptosphere. Even though there are still a lot of transactions going on, Tron’s price has been holding steady. In the past day, TRX has gone up 7.7% and now trades at about $0.23. Even though this may not seem like a big step, the network’s steady growth shows that its strong base is helping to keep its value. Related Reading: Dogecoin Demand Slumps—Nearly 70% Drop In Open Interest Raises Concerns What Does This Mean For The Price Of TRX? The big question remains—will Tron’s transaction dominance lead to a surge in TRX’s price? Market analysts believe that increased network usage could push TRX to higher levels. Some predictions even suggest the token could hit $1.11, representing a 444% gain from its current price. However, history has demonstrated that many transactions do not immediately result in price increases. Investors sentiment and the overall health of the market are only two of the several other factors that will impact TRX’s price trajectory. Featured image from Vocal, chart from TradingView

Dogecoin, the industry’s premier meme coin, has consistently led most altcoins in price performance in recent months. However, it faces its toughest challenge amidst falling network activity and a price slump. According to an analyst, Dogecoin experienced a massive 95% drop in active addresses on its network, suggesting a considerable decline in activity. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? #Dogecoin $DOGE network activity has declined by 95%, dropping from 2.66 million active addresses in November to just 130,282 today! pic.twitter.com/SlH3qTuMP6 — Ali (@ali_charts) February 25, 2025 Should Dogecoin Holders Worry? As Dogecoin’s price starts to recover, its network activity suffered. Crypto expert Ali Martinez notes the decline in the network activity, sharing that the drop in the number of active addresses began three months ago. According to Martinez, the Dogecoin network registered 1,292,770 new active addresses by November 21st, 2024. The number soon surged to 2.4 million active addresses, but this number immediately dropped. Between December 2024 and February 2025, the number of addresses dropped by around 95%.  Meanwhile, Dogecoin’s price has declined substantially in the last few days, with holders incurring losses. The popular meme coin is currently trading at $0.2077, a slight improvement from its $0.1977 price a few hours ago. Despite DOGE’s minimal gains, it’s still down from last week’s performance. Drop In Network Activity On February 23rd, it was noted that the network only had 30,815 new addresses, confirming the slide in network activity. The decrease in Dogecoin’s network activity was reflected in its price movement, which dipped from $0.4868 to $0.196. With price dipping and a decline in network activity, many commentators argued it’s a sign of weak demand for Dogecoin. According to one data, there’s a 2.67% decline in the percentage of long-term Dogecoin investors, which means a less accumulation. Also, there’s a drop of 11.81% in mid-term coin holders, meaning they have already exited their positions. Finally, the data indicates a 107.45% increase in short-term holders, which suggests an increase in speculative trading.  This information shows that Dogecoin traders are more interested in short-term and speculative trading activities than long-term investment. DOGE is starting its big move! Heading to $5 soon.$DOGE #DOGE #Dogecoin #Memecoin pic.twitter.com/VaztdMxmSn — @CryptoELlTES (@CryptooELITES) February 25, 2025 DOGE Price Targets Although Dogecoin’s price is currently down, a few commentators expect a rebound soon. According to CryptoELITES, Dogecoin is up for a rebound, and poised to hit a new higher target. Related Reading: Panic Sell? Bitcoin’s $86K Fall Wipes Out $1 Billion In Trades The analyst offered three price targets for Dogecoin: $0.75, $1.5, and $5. Featured image from Pexels, chart from TradingView

Bitcoin (BTC) has experienced one of its largest price pullbacks in recent times, plunging from $96,131 on February 24 to a potential local bottom of $85,418 today. The decline triggered liquidations exceeding $1.5 billion, with the majority coming from long positions. Is It Time To Buy Bitcoin? The recent price action suggests that the crypto market is reacting to bleak macroeconomic conditions, driven by US President Donald Trump’s proposed trade tariffs and a hawkish stance from the US Federal Reserve (Fed).  The total crypto market cap has now fallen below $3 trillion for the first time since November 2024, signaling growing bearish sentiment around risk-on assets. Major altcoins like Ethereum (ETH) have fallen by more than 10% in the past week. Related Reading: As Bitcoin Sell Pressure Fades, Could A Local Bottom Be Forming? Analyst Explains However, despite yesterday’s downturn, overall sentiment toward the crypto market appears to be improving. In an X post, Andre Dragosch, European Head of Research at Bitwise, suggested that the worst may be over for BTC. Dragosch shared the following Cryptoasset Sentiment Index, which is flashing a strong contrarian buy signal for the flagship cryptocurrency. The analyst added: Wide-spread bearishness among flows, on-chain, and derivatives data implies that downside risks are fairly limited. Risk-reward appears to be quite favourable at these prices. To further illustrate the level of bearishness surrounding risk-on assets, Dragosch highlighted that US spot Bitcoin exchange-traded funds (ETFs) recorded their single largest daily net outflow on record yesterday. Data from SoSoValue supports this assessment. Additionally, the Crypto Fear & Greed Index remains in bearish territory. Dragosch noted that sentiment levels are “already as bearish as during the macro capitulation last August.” At that time, BTC made a local bottom at $49,000 before rallying to multiple new all-time highs (ATHs). On a more optimistic note, on-chain data indicates that crypto whales are capitalizing on market uncertainty. According to crypto analyst Ali Martinez, long-term holders have accumulated nearly 20,400 BTC following the recent sell-off. Strategy Falls With BTC Crash In line with BTC’s decline, Strategy stock MSTR has also suffered, plummeting 55% from its peak of $543 in November 2024. At the time of writing, MSTR trades at $249, down approximately 29% over the past month. Despite the overall bearish sentiment, recent analysis comparing BTC’s returns to other assets, such as gold and stocks, shows that while Bitcoin’s cumulative annual growth rate has slowed in recent years, it continues to outperform traditional asset classes significantly. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains However, not all analysts share Dragosch’s optimism. In stark contrast, Standard Chartered recently warned that BTC may face further downside before resuming its bullish trajectory. At press time, BTC trades at $87,086, down 1% in the past 24 hours. Featured image from Unsplash, Charts from X, Yahoo! Finance and TradingView.com

The crypto market has experienced an unprecedented surge in volatility, with established coins like Bitcoin and Ethereum facing extreme price swings. Since January, the frequency of flash crashes has risen sharply, erasing billions from the market. A crypto analyst has suggested that these flash crashes have been driven by several factors, providing a detailed insight into what’s really going on in the market.  Why Flash Crashes Are Occurring In The Crypto Market A crypto analyst known as ‘The Kobeissi Letter’ has shed light on the recent market crash and why top coins are falling drastically. The analyst revealed that the increasing number of flash crashes has resulted in over $300 billion being removed from the market in just 24 hours.  Related Reading: Crypto Liquidations Cross $2.22 Billion, Here’s How Much Dogecoin Traders Lost He disclosed that on the previous day, the market began selling off, with Bitcoin dropping below the $95,000 mark. Between 1:45 AM ET and 2:15 AM ET, the cryptocurrency had one of the most shocking crashes, falling by $5,000 in mere minutes.  Ethereum, the second largest cryptocurrency after Bitcoin, had it even worse. The altcoin experienced massive liquidations that contributed to a 37% price crash on February 2, fueled by trade war headlines.  The Kobeissi Letter has revealed that the key factor behind these dramatic flash crashes is the growing divide between institutional and retail investors. Wall Street Hedge funds have increased their short positions on Ethereum by 500% since November 2024, marking a historic level of institutional bearishness toward Ethereum. Short positioning in Ethereum has also increased by over 40% in just one week. Moreover, Ethereum’s price is down by approximately 40% since December 2024, while Bitcoin has fallen by 15%.  On the other hand, institutions have continued to accumulate Bitcoin, while retail investors have poured capital into smaller altcoins like Solana, creating extreme volatility in these assets. This “polarization,” as the analyst calls it, has led to the formation of “air pockets” in liquidity. As a result, when a sell-off starts, it triggers cascading liquidations, amplifying market instability and price crashes.  The analyst has also pinpointed that this polarization phenomenon works in the opposite direction, as the market can experience rapid recovery, leading to billions added to its market cap within hours.  Shifts In Sentiment And Political Influence Contribute To Market Crash The Kobeissi Letter revealed that the Fear and Greed Index has fallen from a bullish stance just weeks ago to 29% extreme Fear, underscoring the speed at which the market’s sentiment is changing to the negative. The analyst suggests that the extreme positioning in the crypto market is leading to these increasing flash crashes, making crypto significantly unpredictable.  Related Reading: Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News? Adding to the turbulence, the analyst revealed that political and corporate influences have been dictating the crypto market. He underscored that Eric Trump had publicly supported buying Bitcoin and Ethereum during dips, aligning with events like Ethereum’s February 3 recovery and Bitcoin’s rebound on February 25.  While the market experiences flash crashes and instability, MicroStrategy continues to accumulate Bitcoin. The analyst revealed that the company had also contributed to the polarization of Bitcoin due to its unending accumulation trend. While the company buys more Bitcoin, MSTR stocks continue to fall, marking a 45% decline from their high on November 20. Featured image from Unsplash, chart from Tradingview.com

Avalanche (AVAX) is currently at a critical point, with its price alarmingly close to the $20 mark. This perilous situation arises in the middle of a widespread market decline, which has prompted a number of digital assets to reach multi-month lows. Investors are gradually abandoning the market, creating panic selling across the ecosystem, according to analysts. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto Technical Indicators Show A Concerning Picture The recent price movement of AVAX tells a story of eroding support and prolonged weakening. Since February 1, the token has been on a steady decline after failing to maintain momentum following a challenge of the $34.40 resistance level. Technical analysis indicates that the Relative Strength Index (RSI) has entered oversold territory on daily charts, a condition that typically indicates an imminent reversal. Nevertheless, the Bull Bear Power (BBP) indicator continues to exhibit negative readings, indicating that adverse forces continue to exert a stronghold on the market. Current conditions may result in an extended correction phase if this bearish dominance continues. The token’s inability to surpass its descending trendline serves to bolster this pessimistic perspective. Avalanche Fear Index Reaches Critical Levels The psychology of the market has undergone a significant shift toward extreme caution. The crypto fear and greed index, a critical indicator of market sentiment, has experienced a precipitous decline to a reading of 35, firmly establishing it in the category of “fear.” This widely-followed index operates on a scale of 0 to 100, with readings below 35 indicative of severe market anxiety. Digital assets have seen turning points throughout history when faced with such high degrees of fear. Though they can sometimes be appealing starting points for contrarian investors, they can indicate the beginning of more market drops as selling momentum rises. The latter scenario may be unfolding, as there is little evidence of “buy the dip” activity emerging to sustain AVAX’s price, as current market behaviors suggest. Related Reading: Coinbase CEO’s Hot Take: Bitcoin Is Basically A ‘Meme Coin’ On-Chain Data Confirms Resistance Overhead The basic outlook seems to be similarly challenging when looking at on-chain measures. The In/Out of Money Around Price (IOMAP) analysis by IntoTheBlock shows that there is a sizable resistance zone at about $23.60. At this pricing point, over 128,000 addresses control 3.31 million AVAX coins overall, a significant psychological barrier. Currently resting on unrealized losses, many of these holders could wish to sell their positions as soon as it becomes feasible to break even, therefore creating a “sale wall”. Featured image from Pixabay, chart from TradingView

XRP is establishing new trading patterns against Bitcoin, and traders are closely monitoring a potential shift in market dynamics. XRP has exhibited remarkable strength over a lengthier timeframe, with a 31% gain against Bitcoin during the past month, despite a 15% decline in the past week. Analysts are in disagreement as to what may occur next, as the altcoin’s short-term weakness and long-term strength show opposing figures. Related Reading: Chainlink Activity Spikes—2,300 Fresh Addresses In Last 7 Weeks Unprecedented Consolidation Pattern Emerges EGRAG, a market analyst, has identified a previously unseen development in the relationship between XRP and Bitcoin. The current pattern indicates consolidation at historically elevated levels, in contrast to previous market cycles in which XRP would surge beyond key resistance levels before retracing into bear territory. The consolidation zone between 0.00003 BTC and 0.000023 BTC is uncharted territory for XRP. According to the most recent data, the altcoin is currently trading at 0.00002580 BTC, representing a 3.70% decline for the day. EGRAG suggests that this phase of foundation-building could ultimately facilitate a more sustainable rally than previous market cycles. #XRP – You’re Not #Bullish Enough! First Time in History: #XRP / #BTC Breakthrough! ???? Listen carefully! I’ve said it before—when #XRP was around $0.50, I told you that buying at those levels would make you look like a crypto god in the future. I also warned you that buying… pic.twitter.com/kEzj4NgvZv — EGRAG CRYPTO (@egragcrypto) February 24, 2025 Critical Price Levels To Watch The continuing existence of particular price thresholds in its Bitcoin pairing is necessary for XRP’s position to remain stable. Even if a monthly closing below 0.000023 BTC would elicit negative sentiment, a comeback is still possible. However, things would significantly worsen if XRP dropped below 0.000016 BTC. A “bullish foundation” would form if the price of Bitcoin closed higher than 0.000024 BTC. EGRAG stands for this. To sustain the bullish argument, XRP must remain above this level until the end of February, even if it is already trading above it. As has happened in the past, a stronger rise above 0.000034 BTC and a monthly close above this level could indicate that a breach is imminent. Projected Price Targets Based On Bitcoin Pairing Based on the relationship between XRP and Bitcoin, a number of important price goals will become clear if the expected breakout happens. When Bitcoin stays at or near $95,125, the first important level would be 0.000046 BTC, which is equal to about $4.37 per XRP. XRP could potentially reach 0.000136 BTC, which is equivalent to $12.93 per token, if a sustained rally persists. According to EGRAG’s most optimistic scenario, the value of each XRP could be approximately $34 if it were to reach 0.00036 BTC. Related Reading: Bitcoin To $13 Million? Robert Kiyosaki Backs Michael Saylor’s Bold Vision Foundation Building Before Potential ‘Skyscraper’ Rally EGRAG likens the current market situation to the construction of a skyscraper, underscoring the necessity of establishing strong foundations before substantial upward movement. The analyst observes that XRP has never before established such a firm base at current levels relative to Bitcoin, which implies that this cycle could generate more substantial gains than any previous rallies. Featured image from Gemini Imagen, chart from TradingView

In an X post published today, crypto market analyst and commentator Ali Martinez highlighted a crucial Ethereum (ETH) price level that must hold to sustain hopes for an altseason. Martinez warned that losing this support could significantly derail any potential altcoin rally. Ethereum Must Defend Key Price Level  Ethereum, the second-largest digital asset by market cap, continues to trade in the mid-$2,000 range. At the time of writing, ETH is priced just below $2,700, offering bulls a glimmer of optimism for a potential breakout above the $3,000 resistance level. Related Reading: Ethereum Short Positions Surge 500% In 3 Months – What’s Behind The Bearish Sentiment? However, in his latest analysis, Martinez emphasized the $2,600 level as a critical price point for ETH. He added that if the digital asset falls below this level, then “altseason will be canceled.” The recent Bybit crypto exchange hack sent shockwaves across the cryptocurrency industry as hackers stole digital assets worth more than $1.4 billion. Notably, ETH accounted for the bulk of the stolen funds. Despite this, ETH held up relatively well compared to Bitcoin (BTC), according to fellow crypto analyst Daan Crypto Trades. The analyst pointed out that ETH’s ability to remain at essentially the same price level after such a massive hack is “interesting.” They added: To see ETH at basically the same level as before a $1B+ hack is pretty interesting. Would not be surprised it there’s indeed some entity buying back some of that lost ETH or people frontrunning such a thing. At some point the ETH likely has to get back somehow, whether it’s recovered or bought back. Otherwise there would not be a 100% cover of funds. Crypto analyst Ted echoed this sentiment in his own analysis of the Bybit hack. In an X post, he highlighted that not only did the hack fail to push ETH to new lows, but the cryptocurrency has already rebounded 35% from its bottom. Meanwhile, crypto trader Merlijn The Trader provided some hope for ETH bulls, sharing a three-week Ethereum chart that suggests ETH is poised to break out of a symmetrical triangle pattern for its “biggest bull run yet.” Altseason In Jeopardy? Seasoned crypto analyst Rekt Capital also weighed in, sharing a daily altcoin market cap chart that shows altcoins failing to close above key resistance levels, highlighted in red circles. They explained: Altcoin Market Cap is transitioning into this triangular market structure (blue). Alts will need to daily close above the blue lower high and then above black resistance to confirm a major trend shift. Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts That said, there may still be hope for an impending altseason led by Ethereum. A recent report found that ETH reserves on crypto exchanges are at a nine-year low, which could exacerbate supply scarcity and drive up prices. At press time, ETH trades at $2,671, down 5.2% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

Toncoin (TON) continues to face a challenging market environment, struggling to reverse its recent downward trajectory. Trading below the $4 mark, the asset’s price performance over the past weeks has remained largely in the red. Amid these conditions, CryptoQuant contributor Darkfost has shed light on some underlying trends, highlighting that long-term investors are still seeing positive returns despite the overall bearish climate. Related Reading: Key Metrics Indicate Toncoin Accumulation Continues Despite Price Struggle Evaluating TON’s Long-Term Viability and Market Stability According to Darkfost in the post uploaded on the CryptoQuant QuickTake platform, long-term holders—those who have maintained their positions for over a year—are currently enjoying a 69% profit, even as short-term investors face losses. This dynamic raises questions about TON’s potential as a long-term investment, prompting a closer look at the project’s ecosystem and liquidity. A key metric in this regard is the total value locked (TVL) on the network. Despite market-wide downturns affecting numerous altcoins, data shared by Darkfost revealed that TON’s TVL remains steady at $300 million, maintaining a level of stability since the start of 2024. This resilience in liquidity and locked value suggests a level of sustained confidence in the platform’s fundamentals. Is $TON made for the long term ? Today, the only investor category still in profit on TON is the long-term investors. ➡️ Currently, investors who have held their positions for over one year are still enjoying a 69% profit, whereas short-term investors are incurring losses. To… pic.twitter.com/59cQ5diEMy — Darkfost (@Darkfost_Coc) February 24, 2025 Toncoin: Ecosystem Activity and the Role of Workchains Beyond price and profitability, another important indicator of TON’s long-term potential lies in its blockchain activity. Darkfost notes that examining the masterchain and workchain can provide valuable insights into the project’s adoption. The TON workchain, a flexible blockchain layer designed for executing smart contracts and handling user transactions, has demonstrated consistent activity throughout the year. Related Reading: Analyst Says Toncoin (TON) May Be Primed for Major Recovery—Here’s Why Notably, the “Hamster Kombat” phenomenon earlier in 2024 caused a noticeable uptick in network usage, highlighting the workchain’s capacity to support various applications and drive engagement. Meanwhile, the masterchain serves as the network’s backbone. By storing global configuration data, validator states, and hashes from all workchains, the masterchain ensures that the entire ecosystem runs smoothly. According to Darkfost, the ongoing growth of the masterchain highlights TON’s structural stability and increasing adoption. These factors collectively point to an ecosystem that has not only maintained but also expanded its operational scope amid broader market challenges. The analyst wrote: In conclusion, the TON ecosystem has developed impressively throughout 2024, maintaining robust activity and a solid TVL despite a general decline in crypto market interest. TON appears to have established itself in the crypto ecosystem for the long term. Featured image created with DALL-E Chart from TradingView

Data shows that the cryptocurrency derivatives sector has seen a high amount of liquidation during the past day as Ethereum and other altcoins plunged. Altcoins Have Just Witnessed Massive Long Liquidations According to data from CoinGlass, liquidations have piled up on the cryptocurrency futures market in the last 24 hours. “Liquidation” here refers to the forceful closure that any open contract undergoes after it has accumulated losses of a certain degree. Related Reading: Is It Time To Buy XRP? TD Sequential Says Yes When a large amount of liquidations occur at once, the event is popularly known as a squeeze. The chances of a squeeze taking place come down to two factors. The first is naturally the volatility, as a larger swing in the price would mean a wider span of contracts gets pushed into the red. The other factor is leverage, a loan amount that derivatives market traders can opt to take against their initial collateral. Leverage is often many times the position itself, so the benefit of having it is that any profits earned are multiplied by the same factor. But as this also applies to losses, it’s easier to get liquidated with leverage if the bet doesn’t work out. In the cryptocurrency sector, assets can often be volatile and positions tend to be overleveraged, so a squeeze can occur from time to time. During the past day, the market has once again seen a surge in volatility, which has led to yet another liquidation squeeze. Here is a table that breaks down the relevant numbers related to this event: As is visible above, the cryptocurrency derivatives sector has registered a total of $268 million in liquidations during the last 24 hours. Out of these, $217 million of the positions involved were bullish bets. The long contract holders taking the brunt of the liquidations is naturally down to the fact that the altcoins have gone through a price crash inside this window. Now, here is a heatmap that displays how the contribution to the squeeze has looked from the individual assets: Generally, Bitcoin (BTC) tops this list, but it would appear that the number one cryptocurrency has failed to make even the top two this time around. This is due to the fact that the coin has seen relatively flat movement during this crash of the altcoins. Related Reading: Dogecoin Open Interest Plunges 58%: How Do Shiba Inu & Pepe Compare? Ethereum (ETH), the largest among the altcoins, has provided the largest share of liquidations at $56 million. Solana (SOL), which has faced the worst decline among the top 10 digital assets of 6%, has come second at $33 million. ETH Price Ethereum made some recovery during the weekend, but it seems the coin has already retraced those gains to start the new week as its price has gone down 4%, dropping to $2,700. Featured image from Dall-E, CoinGlass.com, chart from TradingView.com

Dogecoin is holding firm above major support at $0.22 despite repeated threats to break below in the just concluded week. Amidst these fluctuations, an interesting technical indicator suggests that Dogecoin’s long-term rally is still intact. This technical indicator’s outlook was pointed out by crypto analyst Trader Tardigrade, who used the Gaussian Channel, a popular momentum tool, as evidence that Dogecoin’s bullish momentum is still in play despite the current selling pressures. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE? Gaussian Channel Shows Continued Bullish Strength For Dogecoin Dogecoin’s price trajectory has been highlighted by a decline since mid-January. This decline has seen Dogecoin fall by as high as 47% from a lower high of $0.4159 on January 18. The price correction is even more pronounced when considering its multi-year high of $0.475, which it achieved on December 9, 2024, from which Dogecoin has now corrected by approximately 54%. This notable correction has also seen the development of a few bearish signals on the Dogecoin price chart. One such bearish development is the rejection at a macro resistance and the failure to reclaim the macro golden pocket in the recent week.  However, despite the notable correction in the Dogecoin price, the meme coin seems to be still trading in an uptrend in the longer term. This long-term outlook is revealed through the analysis of Dogecoin on the weekly candlestick timeframe using the Gaussian Channel. The Gaussian Channel is a lesser-known technical analysis tool that helps identify trends and cycles in price movements by highlighting green and red zones in different market cycles. The green zones represent periods of upward momentum, where the price is expected to keep growing. On the other hand, red zones indicate periods of correction or consolidation, during which the market pauses before resuming its upward trajectory.  According to a Dogecoin price chart shared by crypto analyst Trader Tardigrade on social media platform X, Dogecoin entered into its most recent green zone on the Gaussian Channel in 2024. However, despite the recent correction, it has remained in this green zone, indicating that Dogecoin’s uptrend is still active in the long term.  Image From X: Trader Tardigrade Long-Term Price Target For DOGE With the Gaussian Channel still indicating the green zone for Dogecoin, the rally could resume anytime soon. According to Trader Tardigrade’s projection, this rally will be enough to push DOGE above multiple resistance levels at $0.3, $0.4, and the recent multi-year high of $0.475. If momentum builds and buying pressure increases, Dogecoin may even retest its all-time high of $0.7316, which has remained unchallenged since the peak of the 2021 bull run.  Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto Beyond these immediate targets, Tardigrade’s analysis suggests that the meme coin’s long-term trajectory could extend well beyond the $1 mark. The forecast envisions an even more aggressive rally that could see Dogecoin climbing as high as $4.1. At the time of writing, Dogecoin is trading at $0.247, up by 1.5% in the past 24 hours but down by 25% since the beginning of February. Featured image from TheStreet, chart from TradingView

XRP’s price action has taken a step back over the past week, with momentum slowing down amid broader market consolidation. After starting the previous week around $2.75, XRP has struggled with a pullback as sellers controlled most of the just-concluded trading week.  Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE? Interestingly, crypto analyst Egrag Crypto has outlined opti mistic scenario where the XRP price could enter a bullish trajectory that sets up short-term targets of $4–$6 and long-term projections as high as $60. Critical Resistance Around $3 Holding Back XRP’s Rally At the time of Egrag Crypto’s analysis, XRP was trading at $2.67 on a brief extension of its losses from $2.75. As the analyst noted, XRP has been facing heavy resistance around the $2.75 to $3.00 range. This zone has historical significance, as it marks a psychological threshold from the altcoin’s previous all-time highs levels around $3.40. As such, Egrag Crypto noted that a monthly close above $3.00 would translate into a strong bullish momentum, while a rejection could cascade into a pullback towards support levels.  Should XRP manage to clear $3.00, the next major resistance levels align with Fibonacci extensions at $4.30 and $6.40. What this essentially means is that a strong monthly close above $3 will give XRP the free reign tp push above its current all-time high and it most likely will not meet a strong resistance level until it reaches $4.30 or $6.40. Beyond the short-term resistance at $3.00, Egrag’s analysis suggests that XRP is forming a Parabolic ARC pattern with three distinct phases. These three phases each have their own price targets of $33, $50, and $60 depending on the path it follows. These paths are highlighted in the XRP price chart below.  The breakout sequence follows a structured roadmap in the event of a breakout above the Fib 1.618 extension level at $6.40. If surpassed, this could open XRP to a long-term price rally to $8, $13, $27, and even $67 based on Fibonacci extension levels. Rejection At $3 Could Derail XRP’s Price Breakout Despite the promising setup, there are still risks of a rejection at $3. A failure to reclaim $3 could force XRP into an extended period of sideways movement or, worse, a retracement toward $1.90–$2.00. If market sentiment weakens further and XRP breaks below $1.90, it could indicate a shift toward a deeper correction, with $1.00, or even as the next downside risk level. This extreme case is currently unlikely, though, except there’s something that the analyst calls a ‘Black Swan’ across the entire crypto market. Related Reading: Dogecoin $3 Dream: Whale Activity Hints At A Surge—Details However, the current market trajectory suggests that the overall bullish structure remains intact, provided XRP holds above key levels, and volume confirms momentum in the coming weeks. At the time of writing, XRP is trading at $2.57. Featured image from Haberler, chart from TradingView

The cryptocurrency token SEI has actually stood out as a noteworthy example of market endurance, which was further confirmed by this token posting a solid 16% within the previous week. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE? Obviously, the token’s performance came on the back of a gloomy mood in the cryptocurrency markets after the Bybit security breach and what came thereafter for crypto prices. Thus, SEI has successfully set its own pace to attract its own followers on the investor side and show great aptitude for growth in face of these unfavorable market developments. Technical Analysis Points To Robust Trajectory A close examination of SEI price fluctuations reveals glaring signs of a possible trend reversal. After testing the August 2024 lows, the token essentially held on to the required support levels, opening a window for incoming price changes. From a technical perspective, market participants’ optimism stems not only from a decisive close above the 1-day EMA20 but also from SEI’s impressive breakout from the daily downtrend line. Traders Assess Essential Price Thresholds, Resistance Areas Despite the optimism of SEI’s recent performance, seasoned traders are adopting a prudent stance. The present price fluctuation may signify a corrective impulse, notably rectifying the market imbalance established on February 2nd and 3rd. The $0.33 price point is a critical resistance level, having previously functioned as a support zone. The reclaiming of this level could significantly enhance the token’s mid-term bullish market framework. Nonetheless, SEI persists in trading beneath the significant 1-day EMA200, a technical indicator that has traditionally served as a robust resistance threshold. $SEI is on the verge of a multi-month trendline Breakout.. ???? Expecting a 60-70% Bullish Rally so Keep an eye on it..#Crypto #SEI #SEIUSDT pic.twitter.com/OsHOeO8lDR — Captain Faibik ???? (@CryptoFaibik) February 22, 2025 Market Analysts Assess Price Forecast Now, the question is: Does SEI have the wherewithal to hit a sixfold, or even a sevenfold increase in price? For Captain Faibik, a cryptocurrency researcher, the crypto has the capability to do just that. In fact, he sees SEI rising that much in the coming weeks. “SEI is on the verge of a multi-month trendline Breakout,” Fabik said in an X post. According to the analysis, SEI’s present route could cause a substantial price hike. The token’s ability to break key resistance levels and the market’s performance may shorten this trend. Related Reading: Why XRP Hasn’t Faded: Billionaire Highlights Key To Its Survival Strategic Opportunities Within A Dynamic Market Meanwhile, SEI’s current market status offers a distinctive environment for both long-term and short-term trading investors, The token’s capacity to resist overarching market trends while forming fresh support levels has generated varied opportunities for market participants. As the cryptocurrency market stabilizes, SEI’s performance metrics and technical indicators will be closely monitored by investors and traders. The token’s ability to maintain its upward trajectory, especially concerning key price levels and moving averages, will likely dictate its effectiveness in leveraging the existing market framework. Featured image from Gemini Imagen, chart from TradingView

Dogecoin (DOGE) has once again captivated the crypto market, as significant investors have initiated transactions that suggest a potential price increase. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto DOGE billionaires have amassed approximately 110 million tokens in the past 48 hours, indicating a significant level of interest in the meme-inspired cryptocurrency. Although some analysts interpret this as a positive sign, technical indicators show the path ahead may not be as smooth as some might expect. Whales Make A Splash With 110 Million DOGE Wealthy buyers has recently loaded up their bags with millions of Dogecoin tokens. Although this buying has led to rumors of a possible breakout, it is common for whales to gather assets before big price changes. The price of DOGE is about $0.244862 right now. Its high point for the day was $0.247588 and its low point was $0.243102. It looks like whales are getting ready for a possible upswing during this accumulation phase, but it’s not clear if this will lead to a continuous rise. Key Resistance And Support Levels In Focus A technical study shows that Dogecoin is now facing strong resistance between $0.2556 and $0.2650. If the bulls break through these levels, a bigger rise could start. Even so, the fact that it failed to break through support could lead to a retracement or more stabilization. The most critical support zone for #Dogecoin $DOGE is between $0.19 and $0.16. If this level holds, the $3 target remains a strong possibility. pic.twitter.com/VZyqSM2p8U — Ali (@ali_charts) February 22, 2025 DOGE’s weakness is that it needs strong support at $0.19 and $0.16. According to crypto analyst Ali Martinez, it is very important for the meme coin to stay above these support zones in order to keep any positive progress going. If this support doesn’t cave in, the $3 target for the meme coin remains a strong possibility, Martinez said. But, if DOGE drops below these values, a more severe correction may be on the way. Technical Indicators & Mixed Signals Despite the buildup of whales, technical signs suggest a more cautious stance. At the moment, the Relative Strength Index (RSI) is close to neutral. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing signs of bearishness, indicating that there can be pressure to the downside. In order to ascertain whether whale activity will be enough to reverse the present negative momentum, traders are keeping a careful eye on these indications. Because of the contradicting messages, it is unclear what DOGE will do next. Could Dogecoin Ever Make It To $3? Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE? The idea of Dogecoin hitting $3 has the cryptocurrency community excited, but this is still only a theoretical goal. Although considerable accumulation indicates confidence among large participants, the feasibility of such a price hike will ultimately depend on market conditions and technical resistance levels. Featured image from Pexels, chart from TradingView

A billionaire investor recently gave his insights into XRP and why crypto will remain relevant in the future despite the presence of more popular digital assets. American businessman Mike Novogratz highlighted in a podcast that XRP owes its resilience to its community, which helped the crypto sustain its value over the years. Related Reading: Solana Faces Double Trouble: 55% Network Drop And Price Woes Resilience Of XRP Novogratz was previously skeptical of the lasting power of XRP but in recent years, the American entrepreneur backtracked from his initial skepticism on crypto. The billionaire investor could be the latest addition to those who have changed their opinion on XRP after seeing the crypto remain strong. In a Galaxy Brains podcast, Novogratz acknowledged the resilience of XRP, recognizing the crucial role played by its community to keep the value of the crypt asset. The American businessman explained that XRP began when the crypto ecosystem had not witnessed an oversupply of altcoins, adding that this condition allowed the crypto to build an actual community. He added that the crypto community that XRP successfully built is the primary reason why the digital asset was able to sustain its relevance. Decline Of Ethereum Novogratz mentioned the resiliency of XRP after being asked about the declining performance of Ethereum against Bitcoin. During the podcast, Novogratz was asked for his opinion on when the ETH-to-BTC ratio would be reversed, noting that Ethereum has already dropped significantly against Bitcoin since the merge. The American entrepreneur explained that compared to BTC, Ethereum is a more complex proposition as a global decentralized trust layer, adding that ETH has encountered challenges because of the increase in competition and an oversupply of altcoins in the market. “One of the reasons I think the prices of all these alts are going down is, there are too many of them. There is an infinite amount of token supply coming up […] and there is not enough time for those narratives to build community,” Novogratz pointed out. Community Engagement Crucial Novogratz was skeptical of the lasting power of XRP but later conceded his belief, saying that he underestimated the XRP Army and the proponents of the XRP community. The billionaire entrepreneur said that XRP has remained relevant due to the crypto’s passionate user base, who have actively defended and promoted the digital asset over the years.  He noted that one of the essential aspects of cryptocurrency valuations is community engagement, which has played a big role in the asset valuations of XRP and Bitcoin. Related Reading: Panic Or Opportunity? Dogecoin Whales Liquidate 100 Million Coins The American businessman admitted that he was surprised that XRP emerged as one of the best-performing tokens in late 2024, acknowledging that it was fueled by the strength of its community. Featured image from MoneyCheck, chart from TradingView

According to CryptoQuant’s data, the long-awaited altcoin season may have officially arrived. The CEO of the crypto market company, Ki Young Ju, has pointed out a significant surge in altcoin volume on Centralised Exchanges (CEXs). Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto CryptoQuant CEO Says Altcoin Season Has Begun Presenting a detailed price chart of the volume ratio of Bitcoin versus altcoins on CEXs, Ju disclosed that altcoins have been seeing significantly higher trading volume than BTC. Unlike previous bull market cycles, Bitcoin Dominance (BTC.D) is no longer the sole factor in determining the start of the altcoin season. Some analysts even suggest that the altcoin season is no longer dependent on Bitcoin dominance. Typically, during past altcoin seasons, investors and holders rotated their profits between Bitcoin and altcoins. This time, the CryptoQuant CEO suggests that even stablecoin holders move the market, favoring altcoins more than BTC and directly entering positions.  Yu’s chart shows that altcoin volume on CEXs has exceeded that of Bitcoin by 2.71x based on the 90-day Moving Average (MA). Despite this increase, the CryptoQuant CEO warns that the rally set to follow the altcoin season will be selective, and not all altcoins may benefit.  During the last bull run, the same event occurred, where only the most prominent coins, with proper utility, robust community, and a grand narrative, skyrocketed. On the other hand, low-cap altcoins experienced an increase, however, not as explosive as the ones recorded by coins like Solana, Cardano, and more.  Based on Yu’s analysis the Bitcoin dominance no longer defines an altcoin season; rather, the trading volume does. Historically, a rise in BTC.D is seen as a deterrent to an altcoin season as the market is supposedly more interested in Bitcoin. Conversely, a decline in Bitcoin dominance is an indication of a shift in the market’s sentiment toward altcoins, signaling the possible onset of the altcoin season.   Analyst Forecasts A Final Market Decline Before Altcoin Season  While the start of an altcoin season could alleviate current bearish pressures on altcoins in the market, uncertainty still looms about whether this highly anticipated and recurring historical trend will occur in this bull cycle.  A crypto analyst, identified as the ‘Alternative Bull’ has projected a final decline before the potential start of an altcoin season. The analyst forecasts that the altcoin season index chart will experience a significant drop and then skyrocket towards the 90 threshold before the end of 2025, as seen in the chart.  Related Reading: Bitcoin Ready For ‘Take Off’—Analyst Reveals Key Signals Presently, the altcoin market cap, standing at $280.5 billion, has completed the second part of its previously formed Double Bottom pattern. This unique technical pattern is often seen as a bullish indicator, signaling a potential reversal from a downtrend to an uptrend. According to Rekt Capital on X, the altcoin market cap is attempting to break out of this pattern and initiate a bullish move towards a $300 billion valuation.   Featured image from Reddit, chart from TradingView

Bitcoin’s price rally may be under threat as it continues to trade under $100,000. According to analysts at JPMorgan, there’s been a notable decline in institutional interest in the crypto industry, particularly through Bitcoin and Ethereum futures contracts.  Institutional Demand Declines, Futures Market Signals Weakness Institutional investors have been a major primer for Bitcoin’s price rallies in the past year and they have been influential in Bitcoin’s break above the $100,000 mark. However, since breaking above this level, the Bitcoin price has failed to push further, which is a sign of a slowdown in institutional investments.  Related Reading: Bitcoin Ready For ‘Take Off’—Analyst Reveals Key Signals This slowdown in institutional investments was confirmed by analysts at JPMorgan in a recent note to clients. One of the most pressing revelations from JPMorgan’s analysis is the apparent decline in the Bitcoin and Ethereum futures markets on the Chicago Mercantile Exchange (CME). The bank’s research highlights a growing trend of backwardation, a scenario in which spot prices exceed futures prices.  Typically, a healthy market sees futures contracts priced higher than the spot price due to the expectation of future growth. However, the current inversion suggests that institutional players remain hesitant, likely due to a lack of immediate bullish catalysts. “This is a negative development and indicative of demand weakness,” JPMorgan analyst Nikolaos Panigirtzoglou wrote in a note to clients. “Lower demand from systematic and momentum-driven funds, such as CTAs, has also affected bitcoin and ether futures,” he added. Speaking of bullish catalysts, there has been a major slowdown in the euphoria surrounding crypto-positive developments from the new Trump administration in the US. Any supportive policies or regulatory reforms for the crypto industry are unlikely to take effect until the latter half of 2025. As such, Bitcoin and the rest of the market are currently stuck in limbo without any bullish catalysts and continued profit-taking. Allegations Of Market Manipulation Beyond the shifts in institutional sentiment, suspicions of artificial market suppression have gained traction within the crypto community. Industry leaders, including Samson Mow, CEO of Jan3, have voiced concerns that Bitcoin’s inability to gain sustained upward momentum above $100,000 appears “manufactured.” According to him, some large market participants are selling even as retail buyers are dollar-cost averaging and buying. These allegations are not new, as Bitcoin’s history has been punctuated by periods of suspected price manipulation by whales. The recent influx of more institutional investors even makes this price manipulation more possible than in the previous cycles. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto At the time of writing, Bitcoin is trading at $96,180, down by 2% in the past 24 hours. Given the current trend, Bitcoin might continue consolidating around $100,000 in the short term, at least until the second half of 2025. However, long-term price targets from analysts for Bitcoin range from between $150,000 to $2 million. Featured image from Sky News, chart from TradingView

A new technical analysis on TradingView suggests Bitcoin may be approaching a decisive moment, with a possible breakdown below key support levels. This analysis comes amidst a weakening buying pressure in Bitcoin, which opens up the possibility of a break below a strong support level. If this happens, Bitcoin could see further downside to $80,000 or even $73,000 in the coming weeks. Related Reading: Panic Or Opportunity? Dogecoin Whales Liquidate 100 Million Coins Bitcoin Faces Critical Support Test At $93,000 Technical analysis shows that Bitcoin has been fluctuating between an upper resistance zone at $108,000 and a lower support level at $93,000. Particularly, crypto analyst MMBTtrader noted that this support zone has been tested multiple times, six times to be exact since the Bitcoin price started trading within this range. Such multiple retests are expected to have weakened this support zone, as the buyers can as well give up very soon. The most recent test occurred on February 18, when Bitcoin rebounded at $93,900, just above the key $93,000 level. However, Bitcoin has yet to establish a decisive recovery from this zone, and there is still a possibility of a full breakdown. Particularly, the analyst pointed out that the likelihood of a drop below $93,000 support has increased with momentum fading from buyers. A swift break below $93,000 could cause a continued downside move, and it opens up a decline to the next significant support level around $72,000, although there is a minor support level at $78,900 that could prevent this drastic fall. Interestingly, this bearish scenario aligns with previous analyses that pointed out a lack of strong support within a $12,000 range between $87,000 and $75,000. Bitcoin At A Crossroads: Breakdown Or New Highs? The technical analysis by MMBTtrader sheds light on Bitcoin’s current market structure, which is a phase of consolidation rather than outright bearishness. Although recent developments indicate signs of bearish developments, Bitcoin has yet to shift into a fully bearish mode. Instead, the current price action only suggests a period of indecision, where both bullish and bearish scenarios are possible. The repeated retests of the $93,000 support could cause a strong breakdown, but at the same time, a renewed wave of buying momentum could also spark a rally above $100,000. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto The analyst also noted a scenario of Bitcoin picking up buying momentum and catapulting off the $93,000 support level. If the $93,000 support level holds, Bitcoin may gain momentum for another rally toward a new all-time high. In this scenario, the analyst highlighted a rally towards a new all-time high target zone around $113,220. At the time of writing, Bitcoin is trading at $96,470, down by 2% in the past 24 hours. It is also down by 11.5% from its all-time high of $108,786.   Featured image from Pixabay, chart from TradingView

In every market cycle, the altseason is an anticipated period for investors marked by a general altcoins’ price outperformance against Bitcoin. However, there have been many doubts over an altseason in the current bull run with crypto analysts citing a surge in the number of altcoins over the last four years. Interestingly, Bitwise Chief Investment Officer (CIO) Matt Hougan has backed the potential of a brewing crypto altseason. The key crypto figure and market pundit has stated that certain DeFi developments are pointing to a robust price surge for the crypto market. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum DeFi Boom Incoming: Jupiter, Ondo, Uniswap Lead Charge To Altseason Via an X post on February 21, Hougan listed several developments, especially in the DeFi industry that hint at an incoming altcoin bull rally. Firstly, Hougan references the US Securities and Exchange Commission (SEC)’s latest decision to drop its lawsuit against the Coinbase Exchange. In June 2023, the US regulator charged Coinbase to court over several alleged securities violations including serving as an unregistered exchange and broker. However, in a sharp turn of events, the SEC has decided to withdraw its complaint ending a 2-year long legal battle The Bitwise CIO also mentions DEX aggregator Jupiter’s recent move to activate a fee structure introducing a minimum of 0.01% fees on all platform swaps which creates a more efficient operational model. Another development raised by Hougan is Ondo Finance’s announcement of the Ondo Global Market, a tokenization platform designed to introduce on-chain exposure to US securities such as stocks, bonds, and exchange-traded funds listed on the NYSE and NASDAQ. Finally, Hougan also spotlights the launch of the Unichain – an Ethereum-layer 2 solution designed by Uniswap labs to improve liquidity, cross-chain operatalibility and also significantly reduce transaction fees. In reality, these are all singular developments. However, Hougan explained these developments can be attributed to the ongoing efforts by the current US Government to create a “fair regulatory environment.” In doing so, crypto companies and DeFi projects can run effectively extending their reach beyond the digital asset space. The potential of this scenario is likely to encourage investor engagement serving as an early indicator of altseason.  In particular, Matt Hougan explains the DeFi market presents a lot of hidden potential to influence the non-crypto markets under the right conditions. Crypto Market Overview At press time, the crypto market cap is valued at $3.12 trillion after a 1.78% decline in the past day. Bitcoin maintains strong market influence with a dominance of 60.4%, followed by Ethereum (10.2%) and other altcoins (29.5%).  Meanwhile, the Altseason index is at 31 strongly in favor of the premier cryptocurrency. Related Reading: Bitcoin Dominance Tipped To Hit 57% — Altseason Incoming? Featured image from iStock, chart from Tradingview

Dogecoin whales have executed a substantial transaction in the last two days, purchasing 110 million DOGE while the price of the meme coin declined. This systematic accumulation has attracted the interest of experts and traders, igniting discussions regarding a possible price reversal. With DOGE presently trading at $0.25, many are speculating whether this may indicate a forthcoming bullish breakout. Related Reading: Bitcoin Ready For ‘Take Off’—Analyst Reveals Key Signals Whale Accumulation Signifies Assurance A substantial number of investors, often referred to as “whales,” play a crucial role in shaping market patterns. On-chain data indicates that these whales have accumulated DOGE valued at around $27.5 million in the last 48 hours. Historical market cycles indicate that such strong buying behavior from significant holders often precedes rising price trends. The rise in whale accumulation aligns with a broader trend of increased whale activity in the cryptocurrency sector. Analysts suggest that the continued purchase pressure may create substantial support for DOGE, hence reducing the likelihood of a significant fall. Whales bought 110 million #Dogecoin $DOGE in the last 48 hours! pic.twitter.com/bwMiGNW0gp — Ali (@ali_charts) February 21, 2025 Essential Support Levels Maintain Stability Technical analysts have noted that Dogecoin’s most recent fall encountered a resistance close to the $0.22 level. Historically, this level has been a strong demand zone that draws investors even in DOGE’s decline. If the price keeps above this crucial support level, it could stimulate a possible recovery. Conversely, resistance levels at $0.27 and $0.30 remain pivotal for DOGE’s future upward movement. A breach above these levels may lead to a prolonged rise, whereas a failure to achieve this could result in more consolidation. Market Sentiment & Price Projection Despite the recent decline, the majority of sentiments about Dogecoin are still positive. The trading volume and social media conversation around the meme coin suggest that individual traders are closely keeping tabs of its movements, with many estimating a potential breakout. Additionally, analysts keeping an eye on DOGE’s price movements believe that the symmetrical triangular pattern on the 1-hour chart portends an impending breakthrough. In the coming days, DOGE can face its closest resistance levels if bullish momentum builds. Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto Meanwhile, despite ongoing concerns over price volatility, historical trends indicate that substantial acquisitions by large investors typically result in price appreciation. Featured image from Gemini Imagen, chart from TradingView

The crypto market is paying attention to a massive Dogecoin (DOGE) transaction. A whale transferred 100 million DOGE, or about $25.42 million, to Binance. The move has raised questions about whether a sell-off is about to happen or if this is just another typical shift in holdings. Related Reading: Bitcoin Ready For ‘Take Off’—Analyst Reveals Key Signals Whale Activity Sparks Concerns When a major cryptocurrency holder moves a sizable amount of their holdings to an exchange, it usually means they want to sell. The price of DOGE may drop as a result, which would cause smaller investors to react. However, cryptocurrency expert Ali Martinez noted a decline in whale activity overall, suggesting that major investors are not acting aggressively for the time being. Whale activity on the #Dogecoin $DOGE network has declined by nearly 88% since mid-November! pic.twitter.com/6X4CIH3mf8 — Ali (@ali_charts) February 17, 2025 DOGE’s present market performance points to vagueness. As of the time of writing, the price is $0.255622; an intraday high is $0.257605 and a low is $0.250725. These swings imply a rather limited trading range; but, if more significant holders decide to sell their shares, volatility might increase. Market Sentiment Remains Divided According to certain traders, the whale transfer is a bearish signal, while others believe that its influence may be negligible unless an influx of additional coins occurs. Dogecoin has a history of reacting sharply to whale movements; however, the aggregate selling pressure appears to be subdued this time. The ongoing discussion regarding a potential DOGE exchange-traded fund (ETF) is another significant factor that affects sentiment. If an ETF acquires momentum, it may attract institutional investors, potentially counteracting any selling pressure from whales. Nevertheless, the market is currently in a state of supposition, as no official approvals or timelines have been announced. The Road Ahead For Dogecoin Despite the whale move, the price of DOGE continues to remain steady, but if market sentiment shifts, there could be a further drop. Further dumping may occur if the price of DOGE drops below $0.25, which might further lower the price. On the other hand, strong purchasing activity may act as a barrier to further decrease. Related Reading: Solana Faces Double Trouble: 55% Network Drop And Price Woes Investors’ Options The whale movement reminds us of the speed with which retail trade’s market dynamics could shift. Some people might decide to keep their positions since they hope that possible catalysts like the ETF will raise prices, while others take a more cautious approach, looking for signs of increased whale activity before deciding on what to do next. Featured image from Medium, chart from TradingView

A popular cryptocurrency has once again captured the attention of many crypto investors after some experts started discussing the potential long-term valuation of the digital asset. Prominent market analysts believe that XRP could possibly reach $10,000 per coin, saying that the notion is “not a crazy” prediction but a conservative one. Related Reading: Solana Faces Double Trouble: 55% Network Drop And Price Woes Realistic Price Several crypto analysts argued that a valuation forecast of $10,000 is feasible which they believe could be fueled by institutional adoption and its potential role in global finance. “$10,000 XRP isn’t crazy. It’s conservative,” Rowen Exchange said in an X post. The crypto analyst showed a number of reasons why the $10,000 price target for XRP is a conservative figure. Institutional Adoption According to Rowen Exchange, one of the strongest arguments that XRP could reach $10,000 is the token’s adoption. The crypto analyst explained that the token has experienced exponential growth in its institutional adoption. $10,000 XRP isn’t crazy. It’s conservative. pic.twitter.com/465NEEhYGm — Rowen Exchange (@RowenExchange) February 11, 2025 Rowen Exchange pointed out that once major banks, payment processors, and governments increase their usage of XRP for cross-border payments, the demand for the tokens is expected to soar leading to a price surge. The crypto expert said that XRP has a total supply of 100 billion coins. However, Rowen Exchange noted that only half of the token’s total supply is actually circulating in the market because of escrow releases and long-term holdings. The analysts theorized that once institutions start hoarding the token for liquidity purposes, it is predicted that it would result in a supply squeeze which might push the price to go up. Rowen Exchange added that institutional adoption is different from retail-driven speculation because it can provide sustained liquidity and volume, leading to an ascending price over time. Although $10,000 could be a conservative estimate, XRP would be required to grow by over 362,000% to reach that price target from its current price of $2.76, something skeptics see as a long way to go for the token. Related Reading: XRP Bulls Return—Will This Be the Breakout to $3? ‘Highly Unlikely’ Meanwhile, a crypto community member commented on Rowen Exchange’s post saying that the $10,000 price target is “highly unlikely.” The crypto investor disagrees with the prediction arguing that in order for XRP to reach $10,000, the token would need to have a market cap of $1 quadrillion, arguing that it is “unrealistic” since the market cap of the entire cryptocurrency is about $3 trillion, as of 2024 while the global economy has around $100 trillion. However, another crypto analyst believes that market capitalization is irrelevant in XRP’s potentially reaching $10,000, explaining that market cap does not matter because the token’s value is utility and not speculation. The analyst added that XRP can facilitate massive global transactions efficiently, claiming that the token is built for the next era of global finance. Featured image from DALL-E, chart from TradingView

SOL, the native token of the Solana network, is one of the worst-performing cryptos in recent days. Once the darling of the meme coin crowd, the popular blockchain is facing its toughest test yet with its massive price drop and dip in network activity.  SOL is currently trading at $173, but it’s down nearly 10% from last week’s price and 15% from two weeks ago. If we zoom out on its price history, the token is down 27.5% from last month’s price.  Related Reading: XRP Bulls Return—Will This Be the Breakout to $3? Last Tuesday, Solana shed 10% in 24 hours, triggering concerns among holders and long-term investors. According to on-chain data, the token drop was partly driven by the embarrassing launch of LIBRA, which is currently under investigation. LIBRA’s dump after its launch caused panic among meme coin holders, with SOL as one of its most prominent victims. Network Activity Drops 55% With Low Volume Solana’s current woes go beyond the recent price action. According to data shared by crypto analyst Ali Martinez, the chain’s activities are slowing down. A Twitter/X post shared on February 17th noted that the number of active addresses on the network dropped to 8.4 million today from 18.5 million in November 2024. This data reflects a 55% drop, an alarming sign that developers are leaving the platform in droves. Also, the total volume transferred to the network dropped from $2 billion in November to just $26 million this week. This 99% drop reflects the project’s loss of momentum. The total volume transferred on the #Solana $SOL network has dropped from $2 billion in November to just $26 million today! pic.twitter.com/qgCOmjd2It — Ali (@ali_charts) February 17, 2025 More Challenges Up Ahead For SOL Crypto analysts are bracing for the worst for SOL in the next few weeks. Over the next three months, around 15 million SOL tokens valued at $7 billion will be unlocked. And putting the 4.715% inflation rate in the equation, the increased supply of SOL tokens in the market will create selling pressure. SOL is currently up, but its price is way below its peak. The token is down 27.5% from last month’s price and boasts a market capitalization of around $84 billion. Now, insiders and investors hope the spot SOL ETFs will be approved in the short term. Are SOL Meme Coins Next? The SOL price action benefitted from the surge of newly minted meme coins on the platform. However, the number of tokens minted on the platform has decreased considerably in the last few months. Solana was the platform of choice for degens and developers then, thanks primarily to its fast transactions and low cost. However, recent events affected the platform’s reputation, particularly the launch of SOL-based meme coins like MELANIA and LIBRA. Related Reading: Bitcoin Buying Pressure Wanes—Chart Reveals 60-Day Downtrend For example, LIBRA was launched with much fanfare, with Argentine President Javier Milei sharing a post and recommending the project. However, minutes after making his post public and pushing the new token past $5, it immediately crashed, leading many to say it was a classic “rug-pull.” MELANIA is also linked to LIBRA; some analysts say they share the same development team. Featured image from Shutterstock, chart from TradingView

Over the past month, Chainlink (LINK) has struggled under the weight of a bearish market sentiment. The asset has experienced a steady decline in value, with its price slipping below key support levels. This downtrend has raised questions among investors about the possibility of a rebound and whether recent shifts in network activity might signal a potential recovery. As LINK’s performance falters, some analysts have stepped in to assess its trajectory and what might come next. Related Reading: Chainlink (LINK) Set For $36? Whale Moves Suggest A Big Rally—Analyst Analyst Outlook On Chainlink Ali, a renowned crypto analyst, recently shared his perspective on Chainlink’s current position. Highlighting a nearly 40% price drop over the past month in Chainlink’s price, Ali noted a network contraction that may point to reduced activity. He pointed out that LINK’s MVRV ratio—an indicator of profitability for recent traders—currently sits at a loss of 16%, a level that historically precedes a pause in selling pressure. This drawdown is also reflected in the MVRV Ratio, which tracks trader profitability. Right now, those who bought #LINK in the past 30 days are sitting at an average loss of -16%. This is a level that has historically marked selling exhaustion points.https://t.co/WQhXOhpqas — Ali (@ali_charts) February 19, 2025 This metric, combined with observations of increased whale accumulation, suggests a complex picture where short-term pain could lead to long-term opportunity. However, despite the prevailing market conditions, there are signs of renewed interest among major investors. Ali highlighted that whales have acquired over $20 million worth of LINK in just the last 24 hours, hinting at a potential shift in sentiment. For a confirmed rebound, Ali suggested that LINK must break above the $19 mark to target $23.70. However, he also cautioned that if LINK fails to maintain its current support near $15.50, a deeper correction could follow. Projections For LINK Another analyst, known as Crypto Elite, offered a more optimistic outlook. According to Elite, the prolonged downtrend for Chainlink that began in 2021 has recently been broken, providing a foundation for future gains. Elite identified ambitious price targets at $53, $100, and even $144, suggesting that the current phase might represent the early stages of a significant upward move. ChainLINK is Gearing Up for a Massive Move! The downtrend from 2021 has finally been broken, and we’re holding strong above it. ???? Targets I’m watching closely: 1️⃣ $53 2️⃣ $100 3️⃣ $144 The momentum is building—stay tuned for what’s next!$LINK #LINK #Link $Link pic.twitter.com/rvoTNXiSaV — @CryptoELlTES (@CryptooELITES) February 7, 2025 Notably, the coming weeks will be critical for Chainlink as it attempts to stabilize and possibly regain lost ground. It would be worth watching closely to see whether LINK can hold key support levels, sustain whale interest, and eventually climb past pivotal resistance points Featured image created with DALL-E, Chart from TradingView

XRP has recently witnessed a notable decline, slipping by 5% over the past week. The altcoin dropped below key levels of $2.40 and $2.45, raising concerns among investors. However, a market analyst believes this price shift is not a sign of a crash but rather part of a bullish ascending triangle formation. Related Reading: Cardano Soars Nearly 130% To $30 Billion, Climbs To 9th In Market Cap Rankings Crypto analyst Egrag Crypto even stated that he will have to give “a slap” to anyone who mentions “crash” again. XRP Latest Price Movement XRP is presently trading at $2.56 following an intraday peak of $2.60 and a low of $2.45. The decline coincides with a period of rapid value gain for the token. According to Egrag Crypto, XRP is still in a structured pattern even with the pullback; if confirmed, this might lead to more increases. #XRP – Is Crashing Hard? ???????? I’ll have to give a slap to anyone who mentions “crash” again! ???? #XRP is simply filling in the ascending triangle formation. The first attempt? Let’s call it a fake-out! ???? Now, we’re just retesting the edge of the formation. ???? Stay calm; this… pic.twitter.com/xqQwjoEgul — EGRAG CRYPTO (@egragcrypto) February 18, 2025 The Construction Of The Ascending Triangle Egrag Crypto claims XRP is forming an ascending triangle, a technical pattern usually signifying a likely breakout. This development is defined by a run of higher lows converging toward a horizontal resistance level. In the past, such circumstances imply an optimistic vibe if the price breaks past the resistance. “XRP is simply filling in the ascending triangle formation,” the analyst said. “The first attempt? Let’s call it a fake-out! Now, we’re just retesting the edge of the formation,” he added. Technical research highlighted this trend in December 2024, with Egrag forecasting ambitious price targets of $17 and $27. A similar examination conducted in October 2024 revealed resistance levels at $0.90 and $1.30, suggesting that overcoming these challenges will open the path for a potential price ascent. Levels Of Resistance And Market Sentiment The latest change in the price of XRP is in line with fluctuations in the market as a whole. Analysts point out important resistance levels that could determine the future path of the token, but some buyers are still wary because of the short-term volatility. Should XRP be able to break out of its current level, and momentum could push it toward bigger targets. External market variables, such as changes in the price of Bitcoin and general sentiment in the cryptocurrency market, will also be very important. Though traditionally optimistic, analysts emphasize that ascending triangles require confirmation through prolonged price action and increased volume. Related Reading: XRP Sees $4.3 Billion Open Interest Rebound Amid Bullish Price Action What Does XRP Have In Store? Market observers are keeping a careful eye on XRP as it trades close to $2.56 in anticipation of a breakthrough or additional consolidation. The altcoin may experience a new upward motion in sync with previous forecasts if resistance at higher levels is broken. Featured image from YouTube, chart from TradingView