THE LATEST CRYPTO NEWS

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

Ethereum’s recent price performance indicates a departure from the negative trends that are seen in the broader cryptocurrency market. While assets such as Bitcoin have faced downward pressure, Ethereum managed a slight positive move yesterday, pushing its market value back above $2,700. Amid this price move, questions have been raised about whether the asset might be quietly building momentum for a sudden rally. Related Reading: Ethereum Forms A Bullish Pattern – Expert Reveals Short-Term Price Target Quiet Moves Behind The Scenes Santiment, a well-regarded market intelligence platform has recently highlighted this price performance from ETH on X, noting that Ethereum has outpaced many altcoins at the start of the week. This performance as reported by Santiment may be attributed to the ongoing trend of ETH moving from exchanges into cold wallets at an accelerating rate. In fact, only 6.38% of the available supply remains on exchanges, the lowest figure since Ethereum’s inception, according to Santiment. Santiment also revealed that renewed interest from the ETH community appears to be another factor behind this momentum. ???? Ethereum has shown mild signs of a rebound, currently back up to a market value of $2,745 and outpacing most altcoins to start the week. From a long-term perspective, ETH continues to move off of exchanges and into cold wallets at a shocking pace, with just 6.38% of the… pic.twitter.com/4MTJgpOLDT — Santiment (@santimentfeed) February 17, 2025 Having underperformed compared to other large-cap assets throughout 2024, Ethereum is now drawing attention as market participants begin anticipating a rebound when broader market conditions improve. Santiment’s analysis points to these movements as early indicators that Ethereum may be positioned for more sustained growth in the coming months. A Potential Upside for Ethereum and Altcoins Looking ahead, various market analysts have shared optimistic outlooks for Ethereum’s performance. Javon Marks, for example, sees ETH emerging from a lengthy consolidation phase. Related Reading: Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum According to Marks, the asset could potentially recover over 72% from its current levels, returning to its all-time high zones. Such a move might also spark significant bullish momentum for other altcoins, further enhancing Ethereum’s role as an altcoin market leader. Coming out of what may have only been a massive bottoming/consolidation, $ETH could be setting up here for an over +72.1% surge in a recovery back to its ATH areas! Ethereum could still have a major upside coming, and this could also aid alts into significant bull moves as well. https://t.co/yKb13rWh99 pic.twitter.com/6fLTjolHQ0 — JAVON⚡️MARKS (@JavonTM1) February 17, 2025 Another perspective comes from crypto analyst Ali, who identified a crucial support level at $2,425. This level is noteworthy as it represents the accumulation zone for 10.33 million wallets holding a total of 62.43 million ETH. Featured image created with DALL-E, Chart from TradingView

According to recent data from CryptoQuant, Ethereum (ETH) reserves on centralized cryptocurrency exchanges have dropped to a nine-year low. Experts suggest that this dwindling ETH supply could indicate an impending ‘supply shock,’ potentially fuelling a significant rally in the cryptocurrency. Ethereum Reserves At 9-Year Low Ethereum, the second-largest cryptocurrency by market cap, continues to trade within the mid-$2,000 range, sitting at $2,721 at the time of writing. Unlike Bitcoin (BTC), ETH has had a relatively quiet 2024, struggling to break past its all-time high (ATH) of $4,878, recorded in November 2021. Related Reading: Ethereum Appears ‘Bottomed Out,’ Analyst Predicts A Rally Is Near This lackluster price action has contributed to waning investor confidence in ETH. However, the digital asset recently managed to defend the critical $2,380-$2,460 demand zone, rekindling bullish hopes for a potential breakout above the stubborn $3,000 resistance level. More notably, ETH reserves on centralized exchanges continue to plummet, which could lead to a supply shock – a scenario where demand for the asset surpasses its liquid supply. If this materializes, ETH may experience rapid price appreciation. For the uninitiated, a supply shock in the crypto industry occurs when the demand for the underlying digital asset exceeds its liquid supply. As a result, the underlying asset – ETH, in this case – may experience sharp price appreciation in a short time. As of today, ETH reserves on centralized crypto exchanges have fallen to 18.95 million, a level last seen in July 2016. Notably, ETH was trading at $14 at the time. Recent analysis from seasoned crypto analyst Crypto Buddha suggests that ETH may be on the verge of a major price move. The analyst highlights how ETH has broken through a diagonal resistance level, signalling a potential bullish breakout. Furthermore, Bitcoin (BTC) is exhibiting similar price behavior. A successful BTC breakout could spark a broader crypto market rally, driving significant gains across various digital assets. Crypto Buddha noted: Bitcoin‘s price action is following a similar pattern with a triangular convergence, raising the question of whether it can break through successfully like Ethereum. Since the low of $91,000, Bitcoin has been consolidating for 10 days. The market is at a crucial juncture, and it’s time to pick a direction. Will ETH Investors Finally Have Their Time? Unlike competitors such as Solana (SOL), SUI, and XRP, which have all seen significant price appreciation over the past year, ETH has struggled to capitalize on bullish momentum. Bearish sentiment surrounding ETH has been on unprecedented levels. Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts However, analysts are confident that ETH may soon surprise the market. Recent analysis by Titan of Crypto emphasizes that ETH may soon enter its ‘most hated rally,’ leading to major price appreciation.  That said, concerns about the Ethereum Foundation selling copious amounts of ETH continue to haunt the holders. At press time, ETH trades at $2,721, down 4.7% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and Tradingview.com

SUI is facing mounting pressure as bearish sentiment continues to dominate the market, driving its price toward a critical retest of the $2.8 support level. This key price point has become a focal point for traders and investors, as it could determine the token’s short-term trajectory. Recent market trends have seen SUI struggle to regain upward momentum. The $2.8 level, which has historically acted as a strong support zone, is now being tested once again. A successful hold may signal a potential rebound, while a breakdown may open the door for further downside. The broader cryptocurrency market’s uncertainty with macroeconomic factors has added to the bearish pressure on SUI. Traders are closely monitoring trading volumes and market sentiment for clues on whether the $2.8 level will hold or if the token will face additional losses. Historical Support At $2.8: Will History Repeat Itself? Notably, the $2.8 price level has historically served as a strong support zone for SUI, providing a critical foundation for previous price rebounds, preventing further declines, and fueling upside attempts. As SUI approaches this key level again under heavy bearish pressure, the question arises: Will history repeat itself? Related Reading: Analyst Says SUI Price Could Fall To $1.6 — Here’s Why This $2.8 mark represents a key threshold for investor confidence. Holding this level might restore faith among traders and investors, encouraging accumulation and reducing selling pressure. On the flip side, losing this support could erode trust in the token’s near-term prospects, leading to increased negative sentiment. In summary, the $2.8 level is more than just a price point—it’s a litmus test for SUI’s resilience in the face of unfavorable conditions. Whether it holds or breaks will likely set the tone for the altcoin’s future price action, making it a crucial area to monitor in the coming days. What A Break Below $2.8 Mean For SUI Price Action If SUI fails to hold the crucial $2.8 support level, the negative momentum could intensify, pushing the price toward deeper correction zones. A sustained breakdown below this level would confirm increased selling pressure, potentially leading to declines toward $2.3 or even $2.1, where the next key support levels lie. Related Reading: SUI Inches Closer To $3.9 Support Under Growing Bearish Influence Market sentiment is also at risk if the breakdown occurs, signaling that buyers are stepping back while bears continue to dominate. Additionally, technical indicators such as the 100-day SMA and MACD further validate the downward move.  However, if SUI manages to hold above $2.8, a strong rebound may be imminent as buyers defend the level. Therefore, it is important to monitor whether this support holds or if a deeper retracement is in store. Featured image from Medium, chart from Tradingview.com

In a post on X published yesterday, Jeff Park, Head of Alpha Strategies at Bitwise, stated that Bitcoin (BTC) currently presents a “generational opportunity” amid intensifying global macroeconomic turmoil.  Park pointed to factors such as US President Donald Trump’s proposed trade tariffs, concerns over the US debt ceiling, and the growing sentiment of deglobalization as key contributors to the current economic uncertainty. Bitcoin Reigns Supreme Amid Global Political And Economic Turmoil The year 2025 has started on an unstable footing, marked by rising global economic and political instability due to trade tariffs, US debt ceiling issues, and the broader push toward deglobalization. These factors could significantly impact financial markets and geopolitical stability. Related Reading: Bitcoin Holds Steady Amid NASDAQ Decline, Analyst Calls It ‘Extremely Bullish’ Adding to the uncertainty is the impending expiration of the US Tax Cuts and Jobs Act (TCJA) later this year, which could lead to unprecedented tax policy shifts and heightened economic unpredictability. Park also underscored the “gold run tail risk,” referencing gold’s extreme price volatility during periods of financial distress. At the time of writing, gold is trading at $2,900 per ounce, up significantly from around $2,585 in December 2024. Despite these mounting risks, Bitcoin has remained resilient, maintaining a price range between $90,000 and $100,000. Park highlighted BTC’s implied volatility (IV) percentile – a measure that reflects how its current volatility compares to historical levels. He noted that BTC’s IV percentile is at its lowest level of the year, reinforcing his view that Bitcoin presents a “generational opportunity.” Echoing this sentiment, Bitwise CEO Hunter Horsley remarked that many are underestimating “the massive leaps Bitcoin is going to take into the mainstream this year.” Indeed, Bitcoin continues to gain mainstream traction and demonstrate resilience amid rising global economic uncertainty. For example, BTC remained largely unaffected by the tech market sell-off triggered by the release of the Chinese AI model DeepSeek. No Altseason Anytime Soon? As Bitcoin strengthens its dominance, the altcoin market has struggled, weighed down by thin liquidity and waning retail interest. One key indicator supporting this trend is Bitcoin dominance (BTC.D), which measures BTC’s market cap relative to the total cryptocurrency market. Related Reading: Bitcoin Dominance Sliding Below This Level Could Signal Start Of Altseason, Trading Firm Says The weekly BTC.D chart shows a strong rebound from around 54% in December 2024. At the time of writing, BTC.D stands at 60.65%, a level not seen since March 2021. That said, some analysts remain optimistic about a potential Ethereum-led (ETH) altseason later in 2025. Recent analysis by Titan of Crypto suggests that Ethereum is poised for a major upward move this year. The analyst also pointed out similarities between ETH’s current price action and BTC’s behavior during its third market cycle, implying that Ethereum may soon enter what he calls its “most hated rally.” At press time, BTC trades at $95,362, down 0.4% in the past 24 hours. Featured image from Unsplash, Charts from X.com and Tradingview.com

After a steady decline, Toncoin (TON) has seen a slight price increase over the past day, rising by 1.7% to $3.85. This movement comes amidst ongoing discussions about its longer-term performance and accumulation trends. According to an analysis by CryptoQuant analyst Shiven Moodley, there are indications that TON holders are positioning for a potential rebound. Moodley’s observations, which are detailed in a recent post on CryptoQuant’s QuickTake platform, suggest that the asset may be entering an accumulation phase despite its recent downward trajectory. Related Reading: Analyst Says Toncoin (TON) May Be Primed for Major Recovery—Here’s Why Toncoin Shows Signs of Accumulation Moodley points to several metrics as evidence. The 180-day Sharpe Ratio, a measure of risk-adjusted returns, signals a period of accumulation. This is further supported by stable TVL (Total Value Locked) in lending protocols and a noticeable reduction in speculative trading activity. Notably, the asset’s volatility has declined since the price spikes in December 2024 and February 2025. If this trend persists, it could imply that selling pressure is diminishing, potentially paving the way for a future rebound. Key on-chain indicators also paint a picture of potential opportunity. The Normalized Risk Metric (NRM), which evaluates TON’s valuation relative to historical moving averages, highlights accumulation at a price level of $3.82. Additionally, record lows in the Long-Term NRM suggest that longer-term holders are increasingly accumulating TON at these levels. Historically, similar setups have preceded market recoveries, giving investors a reason to believe that a medium-term price reversal may be on the horizon. Moodley wrote: It remains to be seen whether TON’s price action can stage a full recovery. However, long-term accumulation traders are best positioned to benefit from macro policy changes that could shift sentiment in the broader crypto market. The conditions could align for a potential rebound with selling pressure fading and risk metrics signalling a low-risk environment. On-Chain Metrics Hint at Long-Term Opportunity Another metric Moodley pointed out is the Risk Exposure Ratio—which tracks leveraged positions within TON’s DeFi ecosystem—it has recently reached a new high, exceeding 0.24 in early 2025. This suggests a growing influence of leveraged activity. However, if the ratio begins to decline, it could indicate a stabilization in market conditions, potentially leading to more stable price movements. Furthermore, the Probability of Spend metric shows that coins older than 400 days are unlikely to move, indicating strong conviction among long-term holders. This trend has historically correlated with phases of accumulation and recovery. As Moodley notes, short- to medium-term holders appear to be exiting their positions, likely contributing to the recent price weakness. Meanwhile, long-term holders remain consistent, suggesting a belief in the asset’s long-term potential. Related Reading: Toncoin (TON) Investors Sitting On 54% Profit Despite Price Plunge If selling pressure continues to ease and risk metrics improve, TON could be setting the stage for a more favorable market environment. In this scenario, long-term investors may be well-positioned to benefit from potential macroeconomic shifts that could ultimately boost Toncoin’s value. Featured image created with DALL-E, Chart from TradingView

The Ethereum price is showing strong signs of a potential breakout, as an analyst predicts a surge to $3,300 in just one week. This forecast shows Ethereum’s projected successful breach of a key resistance level, indicating an imminent price recovery to new highs.   Analyst Projects Ethereum Price Recovery To $3,300 Ted Pillows, a crypto analyst on X (formerly Twitter), has shared a super bullish projection for the Ethereum price despite its recent downturn. The analyst projects that ETH can reach $3,300 in just one week, highlighting key technical patterns and changes in price action to support his prediction. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Pillows pointed out that a Symmetrical Triangle technical pattern has appeared on the Ethereum chart. This formation is typically seen as a bullish pattern, signaling an imminent price breakout to the upside after a period of consolidation. The crypto analyst described his projected rally for Ethereum as a “short-term pump,” meaning that in the coming days, ETH could easily hit the new price target. Pillows highlighted a breakout area for Ethereum on its price chart. Currently, the cryptocurrency is trading at $2,688 and approaching key resistance levels. If it can break past the symmetrical triangle pattern and breach the resistance level around $2,750, then the analyst suggests that a surge between $3,100 and $3,300 is possible.  Following Ethereum’s projected rise to $3,300, Pillows anticipates a possible move back toward consolidation zones. This suggests that Ethereum may experience a slight price correction and consolidate around that price range for a while. Interestingly, the analyst predicts that once ETH completes its consolidation, it will experience another rally to its next price target.  The price of Ethereum has fallen by over 18% in the past month, highlighting its slow growth and susceptibility to market volatility. If the Ethereum price can surge to Pillow’s projected target of $3,300 by next week, then the cryptocurrency will be on its way toward a much-needed price recovery.  While cryptocurrencies like Bitcoin, Solana, and XRP have all hit respective all-time highs during this bull cycle, Ethereum has failed to experience a rally strong enough to push its price back to historic highs. Nevertheless, analysts remain bullish about the altcoin’s future outlook, highlighting strong fundamentals and bullish technical indicators.  ETH Flashes Bullish Buy Signal According to crypto analyst Merlijn the Trader, Ethereum has just flashed a buy signal on its daily price chart. The analyst also noted that its Moving Average Convergence Divergence (MACD) has just flipped bullish, signaling a potential for an upward trend.  Related Reading: Ethereum Price Enters Bullish Expansion, Analyst Reveals How High It Can Go In February Merlijn the Trader has revealed that the last time all of these technical indicators aligned in this manner, Ethereum pumped by over 66% to new highs. This historical pattern suggests that Ethereum could see a similar upward movement in the future. As a result, the analyst has projected a potential surge to $2,800 for ETH, marking a 4% increase from its current price.  Featured image from Unsplash, chart from Tradingview.com

A well-known analyst made an intriguing assumption about the rise of XRP, saying that it could potentially outdo the Philadelphia Gold and Silver Index. Egrag Crypto predicted that XRP could rise by 1,000% against the gold and silver index as the analyst sees the crypto replicating a run it made in 2017. Related Reading: Dogecoin To $1.35? Analyst Predicts Milestone ‘Within 70 Days’ A Looming Crypto Run In a post, market analyst Egrag Crypto noted that indicators are showing that the altcoin could potentially make a bull run similar to what it did in 2017, saying that it could have a big run that would allow it to outperform the Philadelphia Gold and Silver Index. “XRP / XAU: 1000% Possible Candle?” the prominent analyst said in his X account. #XRP / #XAU: 1000% Possible Candle? ???? Not many analyze the #XRP / #XAU pair, but the chart looks primed for a bounce! Let’s break it down: 1⃣Understanding the Pair ???? ????This analysis focuses on #XRP / #XAU, not against the US Dollar. ????If #XAU decreases in #USD terms, the… pic.twitter.com/5bgkp2G64U — EGRAG CRYPTO (@egragcrypto) February 10, 2025 Egrag analyzed the performance of XRP against the Philadelphia Gold and Silver Index by showing the XRP/XAU pair, which represents the coin’s market capitalization, versus the index. “If XAU decreases in #USD terms, the price of XRP in terms of #XAU will increase, impacting its dollar value directly,” the market analyst explained. Current Setup Mirrors 2017 Rally Egrag added that the current XRP’s condition might be similar to that of its 2017 run. “I theorize that the three green candles we saw in 2017 have been replicated, albeit with a different degree of growth. We are currently in a ranging mode; the arrow chart suggests we may stay in this range if current price action aligns,” the analyst noted. For clarity, the gold and silver index is being traded on the Philadelphia Stock Exchange, which tracks the stocks of 30 precious metal mining firms. Moreover, this index trades with the ticker XAU, which is the same ticker for gold ounces. XRP Could Hit $28.5 Egrag said in its previous run in 2017, the pattern allowed XRP to soar by 1,000% in the XRP/XAU pair, saying that at the moment, the pair is being traded at $893.9 million. The figure was obtained by dividing the altcoin’s current market capitalization of $149.64 billion by the current price of the Philadelphia Gold and Silver Index of $167.39. The market analyst believed that if XRP would repeat the 1,000% spike while $167.39 is the price of the index, it would push the price of the XRP/XAU pair to $9.83 billion. With such value, the XRP market capitalization would be at $1.64 trillion, supposing the index remains at $167.39, leading to XRP being traded at $28.5. Related Reading: Bitcoin Whales Accumulate—Will This Push BTC Toward $100K? Altcoin Bounces Off Egrag noted that XRP price versus XAU seems to have bounced beyond the equilibrium phase, recovering from a massive collapse this month that saw XRP slide to $1.7. “Nice Bounce: #XRP / #XAU has bounced forcefully from the equilibrium stage. A similar bounce occurred at the 7 EMA (Exponential Moving Average), indicating bullish momentum,” the market analyst said in a post. Featured image from Gistly, chart from TradingView

Solana is under mounting selling pressure, sliding its price further into a correction phase. After struggling to maintain upward momentum, SOL has been steadily retreating, now approaching the crucial $164 support level. This key zone will determine whether the cryptocurrency finds stability or extends its downward trajectory. Market indicators suggest that bears remain in control, with momentum shifting in favor of sellers. If Solana fails to hold above $164, it could open the door to even deeper losses. However, if buyers step in to defend this level, it would trigger a price reversal. Will SOL stabilize and recover, or is a larger correction on the horizon? SOL’s Battle With Bearish Momentum Recent price action reveals that SOL is grappling with persistent bearish pressure as its price struggles to maintain upward momentum. Following a series of failed attempts to break through key resistance levels, the cryptocurrency has seen a gradual decline, pushing it into a deeper retracement toward $164. Related Reading: Solana Faces Key Test – What Happens Next Could Be Game-Changing Technical indicators strongly back the bearish outlook for Solana, with one of the key signs being its price trading below the 100-day Simple Moving Average (SMA). The fact that SOL is trading below this important threshold highlights the dominance of the bears in the market, making it more likely that the downward pressure will continue unless significant buying interest emerges. In addition to this, another key indicator reinforcing Solana’s bearish outlook is the Relative Strength Index (RSI), which is currently positioned at 25% in the lower territory. At 25%, the cryptocurrency is in the oversold zone, indicating strong selling pressure and a market dominated by bears.  While this suggests SOL could be undervalued in the short term, it also implies that the upward trend is losing momentum. Combined, these indicators paint a picture of a market struggling to find support. With the 100-day SMA holding as a crucial resistance, Solana may face further declines unless there’s a reversal in market sentiment or a breakout above key resistance levels.  Solana’s Market Outlook: $164 Support Level To Determine Next Price Action Solana’s market outlook remains highly dependent on its ability to maintain the crucial $164 support level. This level has proven to be a key battleground for bulls and bears, and its strength or weakness might set the stage for the next significant price movement. Should selling pressure persist and a breakdown below this level occurs, a bearish trend toward the next support zones, such as $137 or even $118 for SOL is likely.  Related Reading: Solana (SOL) at a Crossroads: Can It Break Through and Turn Bullish? However, if Solana can defend the $164 support and generate a strong rebound, this may indicate that the selling momentum is slowing down and that the bulls could be ready to step in. A successful hold at this level hints at a relief rally, pushing the altcoin back toward key resistance levels like $240 and $260. Featured image from iStock, chart from Tradingview.com

XRP experienced a brief rally after the US Securities and Exchange Commission acknowledged Grayscale’s XRP ETF filing, momentarily causing bullish momentum. Although the surge has since slowed down, it has once again brought the $3 price level into focus. However, technical analysis suggests that XRP remains on track for higher price targets above $3. Related Reading: Bitcoin ETFs Get $2 Million Boost From National Bank Of Canada Building on this outlook, crypto analyst Egrag Crypto has projected that XRP could be heading toward $15 and possibly $17, citing the strength of its current market structure. However, he cautions that while the setup appears promising, a confirmed breakout is essential before these targets can be considered fully in play. XRP Bullish Pennant Points To $15-$17 Target Crypto analyst Egrag Crypto has built a reputation for making consistently bullish predictions on XRP, even during the prolonged multi-year lackluster phase when the token traded around $0.5. Despite skepticism from other analysts, the analyst remained firm in his long-term outlook and made various ambitious price targets for XRP. Many of these targets have now materialized in the last few months, with XRP climbing to multi-year highs and recently peaking at $3.40. In his latest analysis, Egrag highlighted that XRP’s price structure is trading within a bullish pennant formation. This bullish pennant formation, as in the name, is expected to result in a significant move upwards after the upper trendline of the pennant is broken. In terms of a price prediction, the analyst noted that a measured move from the lower end of the pennant translates to a price target of $15. A more aggressive projection, using the pole leg from the top of the pattern, points toward a potential rally to $17.  Image From X: Egrag Crypto $3.40 Level Holds The Key To Price Target Confirmation While the technical pattern suggests further upside, Egrag stressed that the altcoin must achieve a solid breakout above $3.40 to validate this bullish trajectory. This level acted as a significant resistance zone in January and doubles as XRP’s all-time price high since 2018. A decisive move beyond $0.34 would provide the confirmation needed for further gains.  In addition to highlighting the bullish pennant, Egrag Crypto pointed to a crucial support level represented by a yellow trendline on the XRP price chart above. So far, this line has been respected since the beginning of 2025 and, as such, is a good reference point for assessing XRP’s rally. As long as XRP holds above this support, the bullish case remains intact. However, a break below this trendline could introduce a more bearish scenario. Related Reading: XRP To 3 Digits? The ‘Signs’ That Could Confirm It, Basketball Analyst Says At the time of writing, XRP is trading at $2.74. In another analysis, Egrag noted that the XRP price must achieve a strong close above $2.75 in order to sustain an upward trend and finally break above $3. Featured image from MoneyCheck, chart from TradingView

Solana has extended its price decline below $200, but technical analysis shows that it continues to trade within a bullish setup. At the time of writing, Solana finds itself trading close to a support level that could determine its next major move. This is because technical analysis shows that Solana is currently trading in a parallel channel that could drive prices to new highs, but holding above the $190 support level is crucial to this outlook. Related Reading: XRP To 3 Digits? The ‘Signs’ That Could Confirm It, Basketball Analyst Says Solana’s Parallel Channel Supports Bullish Expectations Solana’s price action in the past seven days has been highlighted by a notable resistance at $205. Particularly, Solana’s rallies have faced rejection at this price point about three times throughout the past seven days. This rejection is particularly notable given that Solana recently reached a new all-time high of $293 in the last 30-day timeframe. The stark contrast between this all-time high and the most recent struggle at $205 shows the intense volatility Solana has experienced in recent weeks. Despite these fluctuations, technical indicators suggest that Solana remains in a well-defined parallel channel that has been directing its price movements since July 2024. This structured price channel consists of a sequence of higher highs and higher lows. Although there have been occasional pullbacks, the broader trend suggests that buyers are still in control and preventing a major breakdown to keep Solana’s bullish structure intact. The presence of this parallel channel was emphasized in a recent technical analysis by Ali Martinez, a well-known crypto analyst. Martinez highlighted that as long as Solana maintains its position within this formation, there’s still the possibility for a recovery to $225, with a further extension toward $260. These price projections are derived from Fibonacci extension levels, specifically the 0.786 and 1.0 Fibonacci levels, projected from Solana’s October 2023 low of $125. However, for this bullish outlook to remain valid, the analyst cautioned that Solana must hold above $190. Failure to maintain this support level could invalidate the upward momentum and cause a downside move. Image from X: Ali_Charts Why $190 Is A Critical Level For Solana Despite the bullish trajectory, Solana’s ability to maintain support at $190 is crucial for sustaining upward momentum. This is because $190 is around the lower trendline of the parallel channel.  Solana has tested this $190 price level multiple times since the beginning of the month, even breaking below it when it bottomed at $184 on February 3. Although it has since recovered as buyers were active in defending the price, the continued proximity to $190 indicates lingering weakness and the risk of a deeper correction if bears manage to overpower bullish defenses. Related Reading: No $200K Bitcoin? Popular Trader Explains Why It’s Unlikely This Decade At the time of writing, Solana is trading at $193, down by about 1.47% in the past 24 hours.  Featured image from Medium, chart from TradingView

Analysts predict a large price gain for Dogecoin (DOGE) in the upcoming months, putting the meme coin back in the spotlight. Some analysts believe DOGE will reach $1.35 by mid-April, a significant rise from its current price of about $0.27, as the cryptocurrency market recovers. The popular meme crypto will rise by about 400% and reach new heights if this prediction comes to fruition. Related Reading: XRP To 3 Digits? The ‘Signs’ That Could Confirm It, Basketball Analyst Says Market Vigor Feeds DOGE Optimism As Bitcoin leads the push above $57,000, the broader market for cryptocurrencies has been heating up. Historically, meme cryptos like Dogecoin have benefited from Bitcoin’s ascent; typically matching its speed with steady but notable increases. Given the daily transactions of about $1.5 billion, the recent increase in DOGE trading volume points to significant investor demand. This increase in activity is evidence of traders preparing for a major breakout. Past Patterns Point To A Bullish Cycle Following the halving events of Bitcoin, Dogecoin has a history of dramatically climbing during bull markets. Celebrity sponsorships and social media buzz drove DOGE from $0.05 to $0.74 in a few months in 2021. Though the current cycle may not follow that same path, past numbers indicate that, in favorable market conditions, the meme coin has the capacity to recover rather dramatically. Cryptocurrency analyst Master Kenobi predicts that Dogecoin might reach $1.35 “within 70 days” from the February 3rd lows. This forecast is in line with mid-April, a crucial time frame that falls one year after the Bitcoin halving event. The cryptocurrency market had a significant upswing during the previous halving cycle, and this might happen again, pushing Dogecoin to a market valuation of almost $200 billion. ???? #DOGE to $1.35 within 70 days from the February 3rd lows, if it follows the timing of the last cycle. This aligns with mid-April. Do you remember? Exactly one year since the Bitcoin halving, just like it happened in the last cycle. This means a market capitalization of… https://t.co/BOGD9AbFlK pic.twitter.com/DuOf9rLhNx — Master Kenobi (@btc_MasterPlan) February 15, 2025 Important Levels Of Support, Resistance To Monitor Before DOGE can hit $1.35, it needs to get past some strong resistance. Analysts see $0.30 and $0.45 as important levels to check before a big move toward $1. The support level at $0.20 is still strong on the downside, and it serves as a safety net in case there is a short drop. A steady rise to $1.35 could happen if people keep buying at these prices. Related Reading: No $200K Bitcoin? Popular Trader Explains Why It’s Unlikely This Decade Weigh The Hype Carefully Even though people are optimistic, buyers should be careful. The cryptocurrency market is still very unstable. Dogecoin has a strong community behind it, but it still lacks fundamental utility compared to other big cryptocurrencies. Since speculation still influences its price, abrupt declines are always a possibility. For those hoping to profit from the possible rally, risk management is crucial. Everyone will be keeping an eye on Dogecoin as April approaches to see if it can surprise them all once more. Regardless of whether DOGE reaches $1.35 or not, the future seems bright for both traders and holders. Featured image from Pexels, chart from TradingView

Crypto experts remain hopeful that Solana could be ripe for a price surge with one analyst believing that SOL might be on track to breach the $1,000 level within the year. Some investors might find this an audacious forecast, but it is grounded on data that show the crypto has regained momentum and successfully made a run to breach the key resistance level of $197. Related Reading: Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA $1,000 Could Be A Reality A known crypto analyst made a bold claim that Solana could hit $1,000 and beyond in 2025, an ambitious outlook that some members of the crypto community would find a bit exaggerated. However, the crypto analyst who goes by the name Zer0 is firm in his audacious forecast that SOL will reach new heights this year. $SOL will trade above $1000 this year It’s written pic.twitter.com/POrXNsEEJe — Zer0 ????️ (@degengambleh) February 14, 2025 “SOL will trade above $1,000 this year. It’s written,” Zer0 said in an X post. In the same post, the crypto analyst presented a graph, as proof, that Solana’s track is heading toward $1,000 and even higher in the foreseeable future. Regained Momentum Some market traders may attribute this ambitious forecast to the momentum that Solana has successfully reclaimed, allowing the crypto to align itself with the overall positive sentiment in the cryptocurrency market. Another crypto analyst pointed out in its X post that Solana is rebounding or moving on an upward trend. #Solana $SOL looks ready to rebound toward $225 or even $264! Don’t miss this bullish breakout! Go to @SimpleFXcom, claim your $5,000 bonus via my link https://t.co/GLjkpQvNJr, and get some before it’s too late! pic.twitter.com/sLLxexQESD — Ali (@ali_charts) February 14, 2025 Crypto analyst Ali Martinez showed in his post that SOL has made a successful rally that pushed it to breach the critical resistance level of $197, a good indicator that the crypto could be heading for a breakout. “SOL looks ready to rebound toward $225 or even $264,” Martinez announced on his X account. The crypto expert is confident with his predictions which was shown vividly in his graph. Martinez urged not to miss the potential bullish breakout of SOL. Related Reading: XRP To 3 Digits? The ‘Signs’ That Could Confirm It, Basketball Analyst Says Positive Trajectory Meanwhile, other analysts verified the forecast for a bullish outlook for Solana, saying that the altcoin is on a positive trajectory, indicating that a price surge could only be around the corner. Data showed that SOL has the potential for a breakout with analysts claiming that the crypto could surge above $260. If that happens, the crypto will achieve a 25% gain. Some analysis revealed that the Monday low of $196 could be preparing SOL to repeat the day’s high of $210 next week. Charts showed that the next key level for the crypto is $220. Featured image from Pixabay, chart from TradingView

A lighthearted tweet about Kansas State University’s financial situation has spurred new conversations on XRP’s aspirational pricing goals. Known in sporting circles as “Kelly in Vegas,” Kelly Stewart added comedy into the continuous discussion among the crypto community about XRP surpassing $100. Related Reading: Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA The analyst wrote on X, “If XRP hits $100, there will be signs.” This was a play on a well-known trend in the crypto world, where investors joke about the expensive purchases they would make if their holdings reached high price goals. Her tweet showed a mock-up of Kansas State’s football field carrying her name, implying she will sponsor it should XRP reach three-digit level. If XRP hits $100 there will be signs https://t.co/fSDrIX0j5M pic.twitter.com/ZQGRw5XsVP — Kelly (@kellyinvegas) February 13, 2025 Kansas State Athletics Approaches Financial Crossroads The joke falls at a time when Kansas State University’s athletic department is facing major financial difficulties. To remain competitive, they must generate another $20.5 million by the 2025–26 school year. Athletic Director Gene Taylor looks at several fundraising avenues as their present budget of $93.251 million is less than the needed $114 million target. Innovative Solutions For Expanding University Revenue The university isn’t leaving any stone unturned in its quest for additional funding. Traditional approaches like alumni donations and corporate sponsorships are being complemented by innovative ideas. Among these include completing naming rights for Bramlage Coliseum and increasing beer sales at Bill Snyder Family Stadium. Even the hallowed football field could soon show commercials, a possibility that motivated Stewart’s lighthearted intervention. Reality Check: The $100 XRP Dream The obsession of the crypto community on XRP approaching $100 exposes both ambition and a disconnection from reality on the market. Although some aficionados cite Ripple’s growing alliances and possible institutional involvement as encouraging signs, the data tell another tale. XRP would need a market capitalization of around $5.78 trillion to hit $100, more than the value of the entire cryptocurrency industry. This astronomical figure raises serious questions about the feasibility of such predictions. The Future: Between Hope And Reality The junction between the financial hardships of college sports with cryptocurrency aspirations exposes a more general story about money, ambition, and reality in contemporary America. While Kansas State looks for workable answers to its financing problems, the crypto community keeps aiming high. Related Reading: Bitcoin ETFs Get $2 Million Boost From National Bank Of Canada The university’s methodical approach to bridging its $20.5 million gap stands in stark contrast to the speculative nature of $100 XRP predictions. Yet both stories share a common thread: the eternal human drive to overcome financial limitations, whether through practical planning or ambitious speculation. Gene Taylor’s plans for the future of Kansas State’s sports department are real steps toward a better future. At the same time, the crypto community’s excitement, which sometimes goes too far, shows how many people see digital assets as having the power to change the world. As these parallel stories progress, they tell us that people’s financial goals still affect how they act and what choices they make, whether they are in traditional institutions or new technologies. At the time of writing, XRP was trading at $2.77, up 7.6% and 16.3% in the daily and weekly frames. Featured image from Pixabay, chart from TradingView

Toncoin (TON) has faced a prolonged downturn, struggling to regain upward momentum after a tough week. Although it recently recorded a slight daily gain, the asset remains trapped in bearish territory, trading below the $4 mark. Despite this challenging price performance, analysts suggest that Toncoin may be nearing a significant accumulation phase. Related Reading: New Data Suggests Toncoin (TON) Might Be Undervalued—Here’s What It Means Key Metrics Indicate Potential Recovery Amid these market conditions, a CryptoQuant contributor, Crazzyblockk, recently shared a detailed outlook on TON. In a post titled “TON Enters Key Buy Zone – A Prime Opportunity,” the analyst outlined key findings from the Ton Price Models. These models indicate that Toncoin has reached the 0.6x 250-day moving average bottom zone—historically considered a strong accumulation level. Crazzyblockk notes that this data-driven model suggests TON is undervalued, presenting a potential buying opportunity for long-term investors. Notably, the Ton Price Models leverage historical data to identify oversold conditions and potential entry points. According to Crazzyblockk, assets trading near 0.6x–0.8x of their 250-day moving average often signal strong buy conditions. Historically, these levels have served as ideal accumulation zones before major market upturns. The analyst emphasized that TON’s current price position aligns with previous setups that have led to significant price recoveries, making it a promising target for data-driven investment strategies. Toncoin Price Performance And Outlook Meanwhile, Toncoin’s price on the higher time frame has continued to demonstrate a bearish move. In the past two weeks alone, this metric has fallen by a double-digit of 23.4% and roughly a 54.3% decrease away from its all-time high of $8.25 registered in June 2024. However zooming in, TON has shown resilience recording a slight increase of 2.8% in the past day. This uptick although little has been able to push TON’s price above $3.8 nearing the $4 mark. Interestingly, while TON’s price has risen today, its daily trading volume is notably lower compared to last Friday, when the asset was trading at a similar price level. Last Friday, TON’s trading volume exceeded $214 million. However, as of today, it has decreased to $161.2 million. One possible explanation for this drop in trading volume could be a shift in investor behavior, with some market participants holding their positions rather than actively trading, potentially in anticipation of continued price appreciation. Speaking of price appreciation, a renowned crypto analyst known as Ali on X has recently shared an interesting analysis on Toncoin using the TD Sequential indicator. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound This indicator is a tool that helps identify potential trend reversals and exhaustion points in price movements. It works by counting a series of consecutive price bars that close higher (in an uptrend) or lower (in a downtrend) than previous bars, forming a sequential count. Once the count reaches a certain number—often 9 or 13—the indicator suggests that the prevailing trend may be losing momentum and could reverse or pause. According to Ali, TON is on the verge of a rebound based on this tool. #Toncoin $TON is showing signs of a potential rebound as the TD Sequential indicator flashes a buy signal on the weekly chart! pic.twitter.com/nRtabmxjxQ — Ali (@ali_charts) February 14, 2025 Featured image created with DALL-E, Chart from TradingView

Despite a volatile past two weeks, driven by Donald Trump’s proposed trade tariffs and higher-than-expected January 2025 inflation data in the US, Ethereum (ETH) has successfully defended the $2,380–$2,460 demand zone. Now, analysts are eyeing a potential move toward $3,000 for the digital asset. Ethereum Defends Key Demand Zone Amidst Volatility According to an X post by crypto analyst Ali Martinez, ETH has managed to hold above the critical $2,380 – $2,460 demand zone. With no major supply barriers ahead, the cryptocurrency could be on track to reach the $3,000 price target. For the uninitiated, a demand zone in trading is a price area where buying pressure is significantly strong, often leading to price reversals or upward movements. It is identified by historical price action, where demand previously exceeded supply, causing prices to rise. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders Crypto trader Daan Crypto Trades shares a similar outlook on Ethereum’s recent price momentum. According to the trader, while ETH has successfully remained above the $2,500 level, the key hurdle to overcome is the $2,800 price level. They noted: The key level for continuation, and for me to say that this correction is over, would be a retake of that $2.8K level. Flips the market structure locally and has been at an important high timeframe level during this cycle. From a technical perspective, fellow crypto trader Merlijn The Trader highlighted the formation of a ‘textbook double bottom’ on the 5-day Ethereum chart. They further pointed out that ETH’s multi-year trendline remains intact, suggesting that the price structure is primed for an upward breakout. Similarly, seasoned crypto influencer Crypto Rover has identified a potential triple-bottom formation on the weekly Ethereum chart. If this pattern plays out, the $4,000 resistance level will be a crucial barrier for ETH to break before it can attempt a new all-time high (ATH). Is ETH About To Surprise The Market? Ethereum’s below-average price performance over the past year has drawn significant attention in the crypto market. Compared to peers like Solana (SOL), XRP, and SUI, ETH has failed to deliver substantial returns to its holders since reaching its current ATH of $4,878 in November 2021. Related Reading: Ethereum Positioned For A ‘Major Move Upward’ In 2025, Analyst Forecasts This lackluster performance has fuelled an unprecedented level of bearish sentiment around ETH. A recent report revealed that ETH short positions have surged by 500% since November, highlighting dwindling investor confidence in the asset. However, this excessive bearish sentiment could set the stage for a surprise move. If ETH manages to trigger a short squeeze, it could force the liquidation of numerous short positions, fuelling a sharp upside rally. At press time, ETH trades at $2,740, up 4.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com

As large companies increase their engagement in the cryptocurrency sector, the Cardano ecology is changing dramatically. According to recent data, wallets holding over a million ADA have been rapidly growing since November 2023, amassing an additional 1.41 billion ADA tokens. This significant accumulation, which accounts for 2.35% of Cardano’s total supply, conveys a clear statement about the project’s institutional support. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Cardano: Whale Activities Signal Market Confidence Whale movements have had nothing less than a remarkable outcome: Santiment’s research reveals a solid 107% price increase since these wallets started their accumulation spree. Market watchers point out this isn’t only another pump-and-dump situation. Rather, it marks a basic change in the way big investors view Cardano’s long-term possibilities in the brodaer cryptocurrency scene. ???????? Cardano’s market cap has recovered by +11% on a day where most cryptocurrencies have retraced. One thing to continue watching is the continued behavior of whales and sharks. Wallets holding at least 1M $ADA have been consistently accumulating since late November of 2023,… pic.twitter.com/pTHCqRCRC7 — Santiment (@santimentfeed) February 11, 2025 Long-Term Holders Display Unwavering Faith Examining IntoThe Block’s statistics closer reveals an interesting picture of changing investment behavior. Long-term ADA holders have raised their positions by 1.81%, exhibiting a wise investment strategy. The most notable change comes from the mid-term investors, sometimes known as “cruisers,” who have raised their holdings by a decent 7.65%. This increase points to a maturing market in which investors are choosing steady expansion above short gains. Short-term traders, meantime, have clearly turned away from speculative trading by cutting their exposure by 11.75%. Technical Indicators Point To Possible Price Discovery For Cardano, the challenging terrain is opening doors for opportunity. Crypto guru Trader Steve has made striking comparisons between XRP’s recent price movement and ADA’s present market structure. $ADA – @Cardano I have a gut feeling this is ready to pull an $XRP and i’m bidding the fibonacci.. ???? Is anyone even still holding this? pic.twitter.com/ew2G7q1QmF — TraderSteve_ (@TraderSteve_) February 8, 2025 Key support levels in the 62% and 78% Fibonacci retrace zones give the price a strong base for an eventual rise. Even though ADA hasn’t gotten back to its all-time high of $1.32 in December 2024, many experts are still optimistic about its future. An esteemed member of the cryptocurrency community, Yoel Jr., stresses the importance of the $0.81 level as a stopping point for confirming positive progress. Related Reading: Ethereum Whales On The Move—224,000+ ETH Withdrawn In Record Outflow Price Targets And Entry Opportunities Ahead Based on Jonathan Carter’s study of the daily chart, ADA may be getting ready for its next significant action with a promising bull flag formation. A retest of the $0.60 level, according to Carter, would offer investors wishing to create positions strategic points of access. The road ahead consists of three important pricing targets: $0.845, $1, and $1.325. These tiers mark potential pause points in what might be Cardano’s path to unprecedented success. Although the crypto market is always erratic, the combination of whale accumulation, strong holder faith, and good technical setups points to Cardano positioning itself for a big market movement in the next months. Featured image from DALL-E, chart from TradingView

Ethereum price action amid the broader crypto market bearish sentiment over recent weeks hasn’t been any different from the performance recorded in the past months. Over this period, Ethereum’s price has struggled to gain significant upward momentum, remaining in a prolonged consolidation phase. Amid this, a recent analysis by CryptoQuant contributor MAC_D has shed light on Ethereum’s current state and factors that may influence its future price trajectory. The analysis notes that Ethereum’s “ultrasound money” narrative—an idea tied to its post-Merge deflationary tokenomics—has faced challenges. Total supply has reached record highs, and the staking ratio has decreased by 1% since November. However, despite these supply-side hurdles, several demand-side factors suggest Ethereum might be positioned for long-term growth. Related Reading: Ethereum Outflows On Derivative Exchanges Hit Record Lows: What It Means for ETH Undervaluation, Holder Behavior, and Institutional Interest One other key insight from the analysis is that Ethereum appears undervalued based on its realized price. The realized price reflects the average acquisition cost of ETH holdings across all wallets, currently sitting at approximately $2,200. With the current market price around $2,600, the analyst calculates a market value to realized value (MVRV) ratio slightly above 1, indicating that ETH remains undervalued relative to historical norms. This level could act as a strong support base, potentially limiting further downside. Another factor supporting Ethereum’s potential upside is the behavior of long-term holders. The analysis highlights an increasing number of addresses that accumulate Ethereum without selling, akin to Bitcoin’s “permanent holders.” Although some larger investors have sold during recent downturns, their positions have been absorbed by these long-term holders, helping stabilize the market. This trend suggests that Ethereum’s investor base is maturing, with a growing segment committed to holding the asset through market volatility. Ethereum: A Major Rebound On The Horizon? Furthermore, the analyst points out that selling pressure in the futures market has eased. Data shows a notable reduction in market price trading volume on the sell side since Ethereum’s price near $4,000 in November last year. This decline in selling activity, even as prices fell, signals a relative influx of buying power, which could set the stage for a recovery if market conditions improve. Institutional participation is another encouraging factor. Major players, including BlackRock, Cumberland, and other prominent firms, have reportedly accumulated substantial amounts of ETH during the recent downturn. For example, BlackRock is said to have purchased over 100,000 ETH, valued at more than $270 million. Such significant institutional inflows not only boost demand but also lend credibility to Ethereum’s long-term investment thesis. Despite these positive indicators, the analysis acknowledges lingering challenges. The increase in total supply and the slight dip in the staking ratio could weigh on sentiment, particularly if macroeconomic conditions remain uncertain. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Moreover, Ethereum’s price movement may remain constrained in the short term as the broader market digests ongoing economic shifts. However, the combination of undervaluation, strong long-term holder participation, reduced selling pressure, and institutional accumulation paints a more optimistic medium- to long-term outlook. While Ethereum may continue to trade sideways in the near term, the factors outlined in the analysis suggest that it could be well-positioned for growth once broader market conditions stabilize. Featured image created with DALL-E, Chart from TradingView

The cryptocurrency community is speculating about a potential Solana (SOL) price explosion. Adding to this speculation? Recent large-scale SOL purchases by affluent investors, or “whales,” and market analysts’ optimistic forecasts. Related Reading: XRP Price Struggles to Hold Gains—Could Bears Take Over? Whales Spring Back To Life: Bullish Sign? The lifeblood of crypto analysis, on-chain data shows an interesting tendency: Two once dormant “smart money” addresses have sprung alive and each is grabbing large amounts of SOL. Identified as “GJwCU,” one of these whales re-emerged to collect 30,901 SOL tokens, a cool $6.24 million, following a year in slumber. This particular whale has made money dealing in the past; it once made a $8.15 million profit. Their increased interest says a lot. At an average price of $202, another wallet called “5qDx” also broke its two-month silence by taking out 61,319 SOL tokens, which are worth a good $12.4 million. It’s hard to miss these huge purchases, which usually mean that people have a lot of faith in the future of a coin. A smart whale resurfaced after 2 months and withdrew 61,319 $SOL ($12.4M) from #Binance and #OKX at ~$202.53 today! Previously, this whale had completed 2 $SOL trades between Dec 27, 2023, and Nov 30, 2024, earning an estimated total profit of $8.47M (+38.9%) with a 100% win… pic.twitter.com/2XNJok4bvA — Spot On Chain (@spotonchain) February 10, 2025 Analyst Eyes $296 Target Market analyst VipRoseTr has added fuel to the fire by voicing their opinion, predicting a potential price hike of $296. There is nothing magical about this forecast. Keeping strong support levels and recovering from important technical zones are two of Solana’s strengths, according to VipRoseTr. This suggests underlying strength and a most likely increasing breakout probability. Analyst forecasts influence market sentiment and investing behavior even if they should always be taken with a grain of salt. ???? $SOL Price Targets & Bullish Structure ???? #Solana ($SOL) is maintaining strong support and bouncing from key levels, signaling potential for further upside. ???? Key Targets: T1: $296.38 T2: $339.55 T3: $384.56 ???? Technical Outlook: A breakout above recent highs could push… pic.twitter.com/GJSlHW48MZ — Rose Premium Signals ???? (@VipRoseTr) February 10, 2025 Solana’s Ecosystem: The Long Game Beyond the whale activity and price forecasts, Solana’s fast growing ecosystem is another important element at work. Long-term survival of a cryptocurrency depends on a dynamic ecosystem bursting with decentralized apps (dApps) and projects. Related Reading: Cardano (ADA) Struggles to Sustain Gains—Is the Uptrend in Trouble? Market Sentiment: A Cautious Optimism Right now, the price of Solana is around $204, which is a small drop of 0.06% in the last 24 hours. But the bigger story is more important than this small difference. Over the past week, SOL has only slightly gone up by about 2%, which suggests that the market has been pretty stable despite its normal fluctuations. With 490 million SOL in circulation, the value of the SOL market is close to $97 billion. In general, people seem to be feeling cautiously optimistic. Expert predictions and whale activity are mostly good, but the crypto market is known for being very unstable. Featured image from Medium, chart from TradingView

Ethereum tokens to the tune of 224,410 were pulled out of exchanges in the last 48 hours, causing a huge wave of withdrawals that have rocked the cryptocurrency scene. According to Santiment data, the massive exodus that took place on February 8 and 9 represents the largest net outflow in almost two years. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Analysts and market observers have taken notice of this big movement of digital assets, which has led to a great deal of conjecture about the future of the second-largest cryptocurrency in the world. The Raw Numbers Behind The Movement When people take into account the market value, the magnitude of these withdrawals is even more astounding. This amounts to the removal of billions of dollars’ worth of Ethereum from exchanges at the current pricing. ???? There was a historic milestone of ~224,410 ETH moving away from exchanges in the 24 hours between February 8th and 9th. This was the most amount of net coins moving off of known exchange wallets in a single day in 23 months. Though more of a long-term metric, this is a… pic.twitter.com/G2e2AausPh — Santiment (@santimentfeed) February 11, 2025 According to conventional market mindset, such massive withdrawals frequently occur before notable price shifts because lower supply on exchanges usually pushes prices upward. However, due to its unpredictability, the cryptocurrency market hasn’t reacted with the anticipated fervor. Why Investors Are Playing The Long Game Recent withdrawal trends point to a well-thought-out plan in action. Large investors usually prepare for longer holding periods rather than short-term trades when they move their Ethereum off exchanges in such numbers. This kind of behavior shows a smart way of spending, where people are ready to give up short-term cash flow in exchange for possible long-term returns. Experts in market behavior say that these sharp changes often mean that big investors are very optimistic about an asset’s long-term prospects. Now that billions of ETH have been transferred to cold storage and private wallets, big players seem to be quietly building up holdings in anticipation of better market circumstances. Market Dynamics And The Bitcoin Factor The state of the Bitcoin market still has a lot to do with Ethereum’s current state. This makes the relationship between the two biggest cryptocurrencies very catchy. Bitcoin’s price changes still have the most effect on the market mood because they affect every part of the cryptocurrency economy. Analysts are paying attention to a few key resistance levels as they have the potential to cause significant market movement. Traders are already preparing for the prospect that a significant Bitcoin breakout may spark an Ethereum rise. Related Reading: Cardano (ADA) Struggles to Sustain Gains—Is the Uptrend in Trouble? Technical Evaluation Indicates A Possible Breakout The crypto community waits anxiously as the dust settles on the record 224,410 ETH transfer from exchanges. Unmatched in magnitude, this two-day withdrawal spike has gone beyond mere record-setting to fundamentally change the conversation on Ethereum’s market dynamics. Featured image from Pexels, chart from TradingView

Toncoin (TON), which once saw significant hype leading to consistent new highs, has struggled to regain upward momentum. After a series of steady declines in the past week, the asset’s price has now slipped below the $4 mark, leaving investors concerned about its near-term potential. This prolonged downtrend has caused speculation about whether TON might be approaching a crucial turning point that could result in a major reversal in price. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound TON’s NMR Hits Rock Bottom: A Golden Opportunity for Investors? Amid the bearish trend, Joao Wedson, a contributor on CryptoQuant’s QuickTake Platform, recently highlighted some intriguing insights. In a recent post, titled “TON Reaches NMR Lows: A Signal for Medium- to Long-Term Accumulation,” Wedson explained that the Normalized Metric Risk (NMR) for TON has hit its lowest levels yet. This indicator assesses the asset’s valuation by comparing its current price against weighted moving averages, including 50-day and 374-day averages. By factoring in logarithmic differences and time-weighted adjustments, the NMR offers a deeper perspective on TON’s market standing. Wedson’s analysis suggests that TON’s current low valuation phase could present a potential opportunity for investors. According to his findings, the NMR’s historic low levels indicate that the token might be undervalued. TON Reaches NMR Lows: A Signal for Medium to Long-Term Accumulation “This indicator, which evaluates the relationship between the current price and weighted moving averages… reveals that the TON token is in a historically low valuation phase.” – By @joao_wedson pic.twitter.com/P8ckhnSFck — CryptoQuant.com (@cryptoquant_com) February 11, 2025 For those who adopt a medium- to long-term investment horizon, this may be an opportune moment to begin accumulating TON, with the expectation that its price will appreciate over time. However, it’s worth noting that such a strategy is not without risks. While historically low valuation metrics may hint at future growth, the broader market conditions and TON’s overall adoption will play critical roles in determining whether this approach pays off. Toncoin Price Performance And Outlook Meanwhile, Toncoin is currently trading at $3.78—this market price marks not only a 1.1% decline for Toncoin in the past 24 hours but also adds to the prolonged bearish trend in TON in recent weeks marking a 22.5% drop in TON price over the past two weeks. Notably, so far, TON has fallen roughly 54% from its all-time high of $8.25 registered in January last year. Interestingly, despite this bearishness, another CryptoQuant analyst known as Darkfost has highlighted a bullish indicator for TON. Related Reading: Toncoin Stabilizes Above $5: Is Now The Time To Buy TON? According to Darkfost, TON’s risk appetite has soared, “signaling an influx of liquidity into the TON ecosystem.” ???? Risk Appetite Soars Among $TON Speculators ???? We are currently witnessing a historic high in risky investments, such as derivatives, options, and lending, on TonCoin. This suggests that speculative investors have increased their risk exposure to TON following the recent… pic.twitter.com/HCQ1va4VOV — Darkfost (@Darkfost_Coc) February 11, 2025   Featured image created with DALL-E, Chart from TradingView