A crypto analyst has shared a new bold forecast for the Ethereum price, predicting that the number one altcoin is on the verge of an explosive rally to $17,000. The analyst has cited past trends to support his bullish projections, highlighting that Ethereum rallies significantly after a decline. Ethereum Price Forecast Targets $17,000 According to Kiu_Coin, the Ethereum season has just begun, opening up possibilities of price reversals and buying opportunities. Lately, the Ethereum price has been trading sideways, experiencing massive declines that the analyst has described as a “shake out.” Related Reading: Ethereum Price Enters Bullish Expansion, Analyst Reveals How High It Can Go In February His chart shows that Ethereum has recorded a unique pattern of shakeouts over the past years, followed by explosive upward moves. In this context, a shakeout refers to a sudden drop in the price of a cryptocurrency that forces weak players in the market to sell their holdings before the price reverses and surges upward. In his price chart, Ethereum experienced a final shakeout around 2020, during the previous bull market. This substantial decline was followed by a significant price spike in 2021, marking new ATHs for ETH. At the time, the cryptocurrency had skyrocketed by 1,310.6%, recording one of its largest price increases. The current price is about $2,637, experiencing a shakeout similar to that in 2020. While other altcoins rallied these past few months, the Ethereum price has struggled with volatility and stagnation. This bearish trend or shakeout has led to significant sell-offs by investors. If history is any indication, Kiu_Coin believes that once Ethereum concludes this decline stage and weak hands are removed from the market, the cryptocurrency could experience a bullish breakout to new highs. Update On ETH Price Analysis The TradingView expert projects an upward move toward the $17,000 price target. This would represent a 732% increase for Ethereum over the next 217 days, seven months from the time of the analysis. Support levels around $2,173 and $2,069 have also been marked on the chart, representing price levels that may prevent further decline in ETH. As mentioned earlier, the Ethereum price has been on a severe downtrend, failing to meet the market’s expectations as its value drops steadily below the $3,000 mark. While other altcoins have recorded year-to-date increases, CoinMarketCap’s data shows that the Ethereum price has only increased by 5% since the beginning of the year. Related Reading: Ethereum Price Analysis: ETH Faces ‘Moment Of Truth’ After Crash Toward $3,000 Over the past month, the cryptocurrency experienced an 18.5% price crash owing to market volatility and the sudden decline in Bitcoin’s value. Although ETH struggles to recover from bearish trends, its 24-hour trading volume of $19 billion is up by 20.9%. Featured image from Adobe Stock, chart from Tradingview.com
The Dogecoin price has started out this month with a crash, sparking a bearish sentiment among DOGE investors. This bearish sentiment is further strengthened by historical data, which suggests that these investors shouldn’t be too optimistic about the foremost meme coin recording significant gains this month. Dogecoin Starts February With 23% As Historical Data Paints Bearish Picture CryptoRank data shows that the Dogecoin price has suffered a 23% crash since the start of February. This follows the monthly green close, which the foremost meme coin enjoyed in January, with a 4% gain in the first month of the year. Amid this price crash since the start of this month, historical data also points to a bearish outlook for DOGE throughout this month. Related Reading: Dogecoin Price Prediction: Can DOGE Touch $1 This Cycle? Analyst Forecasts When You Should Buy And Sell Further data from CryptoRank shows that February is historically a bearish month for Dogecoin. The foremost meme coin has suffered a monthly average loss of 1% in February since it launched in 2013. DOGE has had only four monthly green closes in February over the last twelve years. However, it is worth mentioning that Dogecoin has only once closed out February with a loss of over 20%, which was in 2014, when its price crashed by over 30%. As such, the meme coin could still witness a relief bounce, which could lessen the severity of the 23% price crash suffered since the start of this month. Meanwhile, despite the historical data painting a bearish outlook for Dogecoin, crypto analysts have provided a bullish outlook for the meme coin. Crypto analyst Master Kenobi recently highlighted a similarity between DOGE’s current price action and that of the 2017 bull run. Based on the similarities, he predicted that Dogecoin could soon begin the next leg of its bull run, rallying above $1 and reaching a market peak sometime in April. DOGE Can Still Reach $10 In This Cycle In an X post, crypto analyst Ali Martinez predicted that Dogecoin could still reach $10 in this market cycle. He stated that as long as DOGE holds above $0.19, the setup for a parabolic rally toward $10 remains strong. The analyst added that momentum is building for the foremost meme coin, indicating that it could soon begin the next leg of its bull run. Crypto analyst Trader Tardigrade predicted that Dogecoin could at least reach $4.5. He stated that DOGE’s Average Directional Index (ADX) signals a potentially massive bull run on the horizon. The ADX measures trend strength by quantifying the degree of directional movement in price. Analyzing the weekly chart, the analyst asserted that a “super strong trend” could happen soon and will reach its peak in the coming weeks as the meme coin reaches $4.5. Related Reading: Dogecoin Price Faces ‘Moment Of Truth’ As It Battles The Macro 0.5 Fib Extension At the time of writing, the Dogecoin price is trading at around $0.25, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Crypto analyst ProjectSyndicate has made a bullish case for the XRP price, which he predicts could record 40% gains soon enough. The analyst also revealed the price level, which he believes is ideal for market participants to buy and hold XRP. XRP Price Eyes 40% Gains As Analyst Reveals Key Level In a TradingView post, ProjectSyndicate predicted that the XRP price could witness a 40% move to the upside soon enough. This came following his analysis of XRP’s 4-hour chart. He noted that the outlook remains bullish despite the current pullback in progress. The analyst added that buying low is still a perfect trade setup with low risk. Related Reading: XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important Project Syndicate remarked that the price is currently in correction mode after the retest of the all-time high. He added that there is limited upside at the current market price of $2.50. In line with this, he asserted that the pullback isn’t complete and predicted that XRP could still drop to as low as $2 before it records the 40% gains that he predicted. Based on his strategy of buying low, he recommended that market participants should look to buy and hold the crypto when its price drops to $2. He also advised that they should take profit when XRP records the 40% gains as it rebounds to $2.80. The XRP price has suffered one of the worst pullbacks among the major caps amid the current bearish sentiment in the crypto market. As a result, XRP has also lost its spot as the third-largest crypto by market cap, dropping to number four behind USDT. However, amid this pullback, crypto analyst ColdBloodedCharter has also stated that now is a great opportunity to accumulate XRP. He highlighted $2.50, between $2.25 and $2.30, and between $1.90 and $2 as buy-the-dip levels that “make sense.” This Pullback Could Be The Final Low Before Liftoff In an X post, crypto analyst CasiTrades raised the possibility of this pullback being the final low before a price liftoff. She asserted that there has been no change to the overall bullish setup on XRP, although the crypto is now targetting Wave 3 down extensions at $2.16, $1.87, and $1.57 for the next major support. Related Reading: XRP’s Price Breakout Sets The Tone For A Historic Bull Run To A New All-Time High The crypto analyst opined that the XRP price is in the fifth wave of C within an ABC pattern for a large Wave 2. She added that the sell-off massively extended the asset past C targets, but the pattern still needs to be completed. With this development, CasiTrades stated that this means that XRP could be at the final low before a massive Wave 3 up begins. She added that this would send the altcoin past previous all-time highs (ATHs) with minimal resistance. At the time of writing, the XRP price is trading at around $2.45, down almost 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com
After a year of explosive price growth, the Solana based meme coin, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern. Solana‘s BONK Retraces 2024 Gains The broader meme coin market has been experiencing a severe downturn, driven by the volatility and market changes caused by the recent Bitcoin price decline. Following United States (US) President Donald Trump’s trade war, meme coins like BONK, Dogecoin, Shiba Inu, and others crashed severely. Related Reading: Analyst Predicts Massive Breakout For BONK Price, Here’s The Target A recent chart analysis by a TradingView expert identified as ‘Cusdridge19523’ sheds light on the extent of Bonk’s severe decline. According to the analyst, Bonk has round-tripped virtually all of its gains from 2024, dropping over 76% from its most recent market peak. This massive price crash marks the fourth major correction in the meme coin’s history. In 2024, Bonk experienced three significant price pullbacks that saw its price drop by more than 60%. At the beginning of the previous year, the meme coin fell 72.77% after reaching a local peak. Similarly, during the second quarter of 2024, BONK experienced a 74.2% price drop and declined again by 65.05% around the third quarter. Its recent 76.08% in 2025 marks its highest crash compared to previous corrections in 2024. CoinMarketCap also reports that Bonks’ total gains for 2025 are about 78.82%. The meme coin experienced a gradual price drop to its current low, plummeting by 48.02% in one month and another 28.46% in the past week. Currently, the BONK price is still in the red zone, having fallen by 1.28% in the last 24 hours. Its current price is $0.000018, aligning with past support levels and consolidation areas that triggered strong rebounds. The TradingView analyst has also revealed that the market may have to wait between 7 and 90 days for BONK to make a round trip and experience a potential price rebound. Why Now Might Be A Good Time To Buy As BONK reaches consolidation lows similar to past trends, the TradingView analyst believes its current price level presents an attractive buying opportunity for investors looking to take advantage of market dips. Historically, Bonk has shown a clear pattern of strong price reversals after sharp market corrections, giving investors more reason to believe that the token could once again deliver strong returns from market lows. Related Reading: Meme Coin Trader Says BONK Is Headed For New ATH, Here’s Why Additionally, the TradingView expert revealed that the broader crypto market outlook for 2025 is bullish, with speculation growing around Solana-based Exchange Traded Funds (ETFs). The introduction of a Solana ETF could also drive institutional interest, indirectly benefiting meme coins like BONK. The analyst has also highlighted the possibility of a BONK ETF, adding to the bullish fire and potentially driving demand. Featured image from LinkedIn, chart from Tradingview.com
Crypto analyst CryptoCon has provided valuable insights into the Bitcoin price action in this cycle. Based on his analysis, the next thirty days could be a game-changer, with BTC set to witness a significant move to the upside. Why The Next 30 Days Could Be A Game Changer As The Bitcoin Price Makes its Move In an X post, CryptoCon predicted that the Bitcoin price could rally to as high as $160,000 in the next thirty days. This would be a game-changer for the market, especially considering the bearish sentiment in the crypto market at the moment. The analyst noted that Bitcoin has spent about 583 days ranging in this cycle. Related Reading: Bitcoin Price Forms Double Bottom After Crash, Is A Bounce To $112,000 ATH Possible? On the other hand, the analyst remarked that the Bitcoin price has spent just 175 days, making meaningful price action to the upside. In line with this, he alluded to how patience is key, considering how Bitcoin ranges for most of the cycle. However, CryptoCon is convinced that the next 30-day sprint of great price action that the market is about to witness is worth the wait. The analyst’s accompanying chart showed that the Bitcoin price could record up to 37 days of expansion on this next leg up. The chart also showed that the flagship crypto could rally to as high as $160,000 in March following this upward trend. This is bullish for the broader crypto market as altcoins are also expected to rally as BTC moves to the upside. Before now, CryptoCon had already assured that the bull cycle wasn’t over despite the crypto market facing the largest liquidation event in this cycle, with over $2 billion wiped out from the market. BTC’s Trend Remains Uncertain For Now While the Bitcoin price could rally to $160,000 in the next thirty days, crypto analyst Ali Martinez has stated that BTC’s trend direction in the short term remains uncertain. He noted that the flagship crypto is consolidating between $90,900 and $108,500. The analyst added that the trend remains uncertain until there is a clear breakout beyond this range. Related Reading: Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls However, crypto analyst Kevin Capital suggested that the Bitcoin price could soon record a massive bounce to as high as $111,000, marking a new all-time high (ATH) for the flagship crypto. He noted that all the major liquidity on the monthly heatmap is to the upside towards this $111,000 price level. The analyst added that this cannot be ignored, especially after a massive capitulation. He further remarked that he would be shocked if BTC didn’t grab this liquidity and head lower. At the time of writing, the Bitcoin price is trading at around $97,800, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Crypto analyst Merlijn has described the Bitcoin price crash to $91,000 as a major bear trap as optimism returns to the market. The flagship crypto had dropped to this level following a wave of weekend sell-offs but has since recovered above the psychological $100,000 level. Bitcoin Price Crash To $91,000 Termed “Biggest Bear Trap” In an X post, Merlijn described the Bitcoin price crash to $91,000 as the “biggest bear trap of this cycle.” The analyst noted that this happened in the 2017 and 2021 bull runs and has now occurred in this 2025 bull cycle. He is optimistic that Bitcoin and other crypto are well primed to rally to new highs, remarking that every major bull run had a final bear trap before sending it. Related Reading: Bitcoin Price Aims For $150,000-$170,000 With Wave Formation, Here Are The Details The Bitcoin price had crashed to $91,000 following a wave of sell-offs, which was sparked by Donald Trump’s tariffs on Mexico, Canada, and China. This raised concerns about a trade war as Mexico and Canada moved to announce tariffs on imports from the US in retaliation. However, this turned out to be a bear trap, as BTC quickly reversed its weekend loss on Monday. The Bitcoin price reclaimed $100,000 as the US, Mexico, and Canada agreed to a one-month pause on these tariffs. The rally to the psychological $100,000 level has again sparked optimism in the crypto market, especially with altcoins rebounding alongside the flagship crypto. Merlijn warned market participants that they can either choose to get shaken out or be positioned for the biggest move yet. Merlijn also shared a chart that showed that the bull cycle is far from over. Based on the chart, the Bitcoin price will still go through the renewed optimism, FOMO, and Euphoria phase before it tops in this cycle. What’s Next For BTC? In an X post, crypto analyst Rekt Capital stated that the Bitcoin price needs to record a daily close above $101,000 and retest it successfully to reclaim it into support. He added that a successful reclaim of this price level could lead to an uptrend continuation, with BTC rallying to around $103,000. Based on the accompanying chart he shared, the next crucial resistance for the Bitcoin price is around $106,148. Related Reading: Bitcoin Upper Band Moves Above $105,400 – Where Price Is Headed Next Crypto analyst Titan of Crypto asserted that Bitcoin’s bull market is still intact. According to him, the bullish trend remains valid as long as BTC holds a monthly close above the 38.2% Fibonacci retracement level. In an X post, he highlighted a continuation pattern that could send the Bitcoin price as high as $117,000 in the short term. At the time of writing, the Bitcoin price is trading at around $99,500, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
According to a recent analysis by Benjamin Cowen, CEO and Founder of ITC Crypto, the crypto market has entered “Step 2” of his guide for 2025. The analyst pinpointed Ethereum (ETH) in his price chart, emphasizing that the second-largest cryptocurrency is set to decline further, in line with his earlier predictions. Step 2: Crypto Market Sells Off As ETH Goes Home Ethereum is currently experiencing widespread market sell-offs as investors react to its bearish price action and tightening liquidity conditions. Failing to meet investors’ expectations, the price of Ethereum has struggled to maintain strong momentum in this bull market. Related Reading: Crypto Market Remains Greedy Despite Bitcoin Price Crash To $94,000, Is A Recovery Coming? Cowen’s chart analysis suggests that the current downtrend aligns with the broader market cycle, where Bitcoin’s dominance rises above 60%, leading to capital flows from altcoins like Ethereum. The analyst announced that the crypto market is currently in the second phase of his guide for 2025’s market trajectory. In a previous X post on January 29, Cowen outlined a structured six-step roadmap for his 2025 market cycle theory. The first step highlights an increase in Bitcoin’s dominance to over 60%. This occurs when investors leave altcoins and move into Bitcoin, seeking stability amidst the volatility and uncertainty of the crypto market. During this time, Ethereum and most altcoins underperform due to the lack of interest and demand from investors. Now, in Step 2 of Cowen’s 2025 guide, the crypto market has entered a correction phase, with Ethereum declining sharply. Cowen claims that ETH will eventually “go home,” meaning the cryptocurrency will undergo a severe decline to long-term key support levels. In this second phase, the broader market also experiences a sell-off as investors take profit amidst volatility and ongoing declines in cryptocurrencies. Despite rising to $3,000 earlier in this bull market, Ethereum has failed to maintain positive momentum, recording steep declines as its price struggles to find stable support. According to data from CoinMarketCap, ETH is currently trading at $2,594, reflecting a massive 16.4% price crash in the last 24 hours. Over the past weeks, Ethereum has performed poorly, experiencing a sharp decline to new lows while other cryptocurrencies have gained momentum. The altcoin’s price has plunged to new lows, dropping by more than 27.6% in just a month. This downturn has also significantly impacted its market capitalization, which has fallen to $312.6 billion. Cowen’s 2025 Market Guide: What’s Next? In Step 3 of his market cycle theory for 2025, Cowen predicts that the Federal Reserve (FED) will shift its policy and end quantitative tightening, which has been draining liquidity from the financial markets. This decision is critical, as easing monetary conditions would pave the way for the analyst’s fourth step — a bullish phase fueled by market rallies. Related Reading: Ethereum Price Analysis: ETH Faces ‘Moment Of Truth’ After Crash Toward $3,000 In the fifth step, Cowen predicts that macroeconomic conditions will deteriorate later in the year. This could include factors like inflation, interest rate, geopolitical stability, and others. The final step in his 2025 market cycle guide forecasts a full-blown recession. Cowen projects that this recession would lead to a bear market, aligning with historical midterm election year cycles, where markets tend to face deeper corrections. Featured image from Unsplash, chart from Tradingview.com
Bitcoin open interest crashed by billions in one weekend, painting a bearish outlook for the flagship crypto and spells doom for BTC bulls. Despite this setback, crypto analysts have provided some optimism with their analysis, which hints at a bullish reversal soon enough. Bitcoin’s Open Interest Crashes By $4.5 Billion Over The Weekend Coinglass data shows that Bitcoin’s open interest crashed by $4.5 billion over the weekend, dropping from $65 billion to $61.5 billion. This came following the liquidations that occurred due to the BTC price crash. Further data from Coinglass shows that over $2 billion has been wiped out from the Bitcoin market in the last 24 hours. Related Reading: Bitcoin Traders Turn Bearish Despite Price Recovery Above $97,000, Here Are The Numbers Bitcoin bulls took the most hit, as $1.88 billion in long positions was liquidated during this period, leading to a crash in BTC’s open interest. This paints a bearish outlook for the flagship crypto and puts the bulls in danger as the bears look to be firmly in control. For context, Bitcoin dropped from above $100,000 to as low as $92,000 over the weekend. This Bitcoin price crash occurred after US President Donald Trump announced a 25% tariff on imports from Mexico and Canada and a 10% tariff on goods from China. Mexico and Canada have retaliated by imposing tariffs on goods from the US, while China has also hinted about imposing a tariff on US goods. Bitcoin’s open interest looks unlikely to recover in the short term as market participants could choose to stay out of the market due to economic uncertainty. This occurrence spells doom for Bitcoin bulls as the flagship crypto could drop lower if there are no buyers to defend BTC at these levels. Some Positive For Bitcoin Amid Open Interest Crash In an X post, crypto analyst Ali Martinez revealed that 65.75% of Binance traders with open Bitcoin futures positions are betting on the upside. This is bullish for the BTC price as these traders have a track record of being right most of the time. As such, the flagship crypto could rebound from its current price level. In an X post, crypto analyst Titan of Crypto stated that the broader trend for the Bitcoin price is still upward. This came as he revealed that BTC is establishing a new range between $104,400 and $93,600. The crypto analyst remarked that the short-term direction remains uncertain until this range breaks. However, in the long term, Titan of Crypto is confident that the broader trend is still upward. Related Reading: Bitcoin Price In Trouble? Bearish Divergence That Led To Market Crash Last Cycle Returns Meanwhile, renowned author and finance expert Robert Kiyosaki suggested that this wasn’t a time to panic as this was an opportunity to buy Bitcoin on sale before it rallies further to the upside. At the time of writing, the Bitcoin price is trading at around $94,000, down over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Crypto analyst CobraVanguard has revealed that the Bitcoin price has entered an ascending phase after a cup and handle formation at the $105,000 level. Based on this bullish pattern, the analyst highlighted the price target that BTC could reach as it enters this ascending phase. Bitcoin Price Could Rally To $123,000 As It Enters Ascending Phase In a TradingView post, CobraVanguard predicted that the Bitcoin price could rally to $123,000 as it enters the ascending phase by the cup and handle pattern. According to the analyst, BTC is in a large cup and handle, and if it follows this pattern, its price will have a nice rally. His accompanying chart showed that the flagship crypto could hit the $123,000 price target. Related Reading: Bitcoin Price Prediction: Analyst Charts Roadmap To $117,000, What You Should Know The analyst also revealed his golden analysis for the Bitcoin price, in which he revealed that the flagship crypto could rally to as high as $260,000 in this market cycle. His accompanying chart highlighted an ascending channel, which showed that BTC could hit this target if it reached the upper part of the channel. Interestingly, other crypto analysts have provided higher targets for the Bitcoin price in this market cycle. Crypto analyst Tony Severino recently predicted that BTC could reach as high as $321,000 in this cycle. He highlighted a potential head and shoulder pattern on BTC’s chart and stated that the flagship crypto could reach this target if the pattern were valid. He also raised the possibility of the Bitcoin price rallying to $345,000. Severino explained that BTC could reach this ambitious price target if it touches the upper boundary of the primary uptrend channel over the last eight years or thereabouts. Meanwhile, for his more conservative targets, he predicted that Bitcoin’s price could top between $158,000 and $191,000 in this market cycle. Why BTC Hasn’t Reached Its Market Top Yet Amid the bearish signals pointing to a market top, crypto analyst Ali Martinez outlined several reasons why the Bitcoin price still has more room to grow in this bull run. First, he noted that cycle shifts typically occur when BTC surpasses 2.4x the 200-day Simple Moving Average (SMA), which is currently at $184,600. Related Reading: Bitcoin Long-Term Holders Officially Enter Into Greed Territory, Is This Good Or Bad For Price? Furthermore, Martinez stated that the Mayer Multiple suggests the Bitcoin price has more upside, with a potential market top of around $182,000. From a technical perspective, the crypto analyst highlighted Bitcoin’s cup-and-handle breakout, which points toward a target of $276,400. Lastly, he alluded to the halving cycle theory, which suggests that BTC could reach a market top between May and October 2025. At the time of writing, the Bitcoin price is trading at around $104,700, down almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Crypto analyst Max has revealed that the Ethereum price is at a critical junction, which could determine its trajectory going forward. The analyst remarked that ETH faces a ‘moment of truth’ and explained that the crypto could enter a bearish phase if it doesn’t complete a particular pattern. Ethereum Price Faces Moment Of Truth After ETH’s Crash Toward $3,000 In an X post, Max stated that the Ethereum price faces a moment of truth right here following ETH’s crash to around $3,000. The crypto analyst added that if ETH doesn’t complete its famous “ultra-scary 3 drive into the lows” pattern before being miraculously saved, then it is over for a while, indicating the crypto could suffer a further downtrend. Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern Max further explained that there is nothing but air beneath the Ethereum price structure, which he highlighted in his chart. His accompanying chart showed that the next significant support level for ETH beneath $3,000 was at $2,400, indicating that the crypto could drop to as low as this level if it loses the psychological $3,000 level as support. The crypto analyst then mentioned the worst case that could happen before giving up on the Ethereum price is if it sweeps the $2,800 wick and then the Bitcoin price drops to as low as $95,000. In such a scenario, Max remarked that ETH would need an immediate reaction, possibly because of the bearish sentiment that could spark among investors. However, the analyst looks to still be bullish on the Ethereum price in the meantime, reaffirming that he has no intention to sell his spot holdings. Crypto whales also look to be bullish on ETH despite its underperformance, as they have been actively accumulating this past week. Bitcoinist reported that Ethereum’s large transaction volume spiked by over 200% in 24 hours, indicating an accumulation trend from these whales. How The ETH Price Action Could Play Out In an X post, crypto analyst Wolf predicted how the Ethereum price action could play out this year while claiming that ETH is currently being suppressed so that large players can accumulate. According to the analyst, ETH could break out to the psychological $4,000 price level by the end of February. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 Following that, Wolf predicts that the Ethereum price will enjoy a bullish March as it rallies from $4,000 to $5,000 in days. He added that the second-largest crypto by market cap could hit $6,500 by early April. Once that is done, the analyst expects Ethereum to experience two to three weeks of price correction before it then pushes to between $9,500 and $10,000. At the time of writing, the Ethereum price is trading around $3,100, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Despite the recent Dogecoin pullback, crypto analyst Javon Marks has provided a bullish outlook for the foremost meme coin. According to m, DOGE’s price is gearing up for a move that could send it above $2. Dogecoin Gears Up For 600% Run Above $2 In an X post, Javon Marks predicted that Dogecoin could record a 600% price rally and surge above $2. This came as he provided some optimism despite the recent pullback, with DOGE dropping to as low as $0.30. He stated that the price action is “refreshing” because prices still look on track for another great bullish performance. Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle Marks added that history suggests that another run of 600% or more could happen, sending the Dogecoin price above $2.28. In line with this, he remarked that the next wave can be historical. The analyst had previously alluded to DOGE’s historical performance when he predicted that the meme coin could rally above the 1.618 Fib extension, which is currently at $2.2. Crypto analyst Trader Tardigrade also recently alluded to Dogecoin’s historical performance when he predicted its price could rally to as high as $20 in this market cycle. The analyst noted that Dogecoin experienced bull rallies after surpassing the previous candle body high in 20217 and 2021, with gains of 3,000% and 8,000%, respectively. Therefore, he remarked that DOGE could reach this $20 target if a similar pattern plays out again. However, in the short term, the Dogecoin price could still drop to as low as $0.26 before it records any parabolic rally to the upside. This is based on crypto analyst Behdark’s DOGE analysis, in which he explained that the drop to $0.26 is part of the C wave corrective move. Once the price correction is done, the analyst predicted that the meme coin could rebound to $0.50. DOGE Failed To Touch The Trendline During The Recent Drop Crypto analyst Master Kenobi noted that the Dogecoin price failed to touch a trendline he highlighted on the charts during this latest drop. In line with this, he questioned if it meant that DOGE could still witness more pullbacks or a bullish reversal from its current price level. While he didn’t provide an answer, the analyst alluded to an earlier analysis, in which he predicted that DOGE could record a 3x price increase and reach $1.05 between February and March. Related Reading: Dogecoin Traders Remain Extremely Bullish Despite Price Crash, Here Are The Numbers Meanwhile, Dogecoin’s price action might have shifted from bearish to bullish following this recent pullback. In an X post, Trader Tardigrade stated that DOGE’s MACD bullish crossover was approaching on the 4-hour chart. He explained that this signals a short-term momentum shift for DOGE from bearish to bullish. At the time of writing, Dogecoin is trading at around $0.32, down over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
After facing a significant crash to $3.7, XRP bulls are making a strong comeback, attempting to break above resistance levels and establish a new price target. With this in mind, a crypto analyst forecasts that if the asset surpasses this resistance, it could skyrocket to $3.85, potentially climbing even higher to hit the $6.5 mark. XRP Bulls Push Toward $3.85 ATH Price During the bull run in 2018, the XRP price hit its current All-Time High (ATH), skyrocketing to the $3.84 level. Now, a TradingView crypto analyst, identified as ‘Mindbloome-Trading,’ has shared a recent forecast, suggesting that XRP could surge past its ATH price to $3.85 in 2025. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue The analyst’s bullish XRP price prediction is based on key resistance and support levels, with the expectation that the cryptocurrency can break above these levels. He shared a detailed video chart analysis, highlighting the altcoin’s price action on a monthly, weekly, daily, and 4-hour basis. The TradingView analyst announced that XRP is in a bull run and showing signs of a strong upward rally. The cryptocurrency had previously broken the $2.6 price, transforming this level into a crucial support area for driving its market momentum. Forming a new resistance level at $2.7, the crypto expert disclosed that the asset must break this threshold to initiate a swift climb to $3.15. In his video analysis, he identified the price points at $3.0, $3.11, and $3.14 as critical resistance levels that, if XRP can surpass, could push it to a new all-time high target of $3.85. While the analyst is confident that XRP can hit his projected price target, he also believes that the cryptocurrency could rally even higher, potentially hitting the $6.55 mark. He explained that this surge would be highly possible, as the subsequent increase in XRP’s market capitalization would be a fair and well-supported progression. The TradingView expert also acknowledged that for the cryptocurrency to reach the forecasted $3.85 ATH, several bullish catalysts would be necessary, including a positive upward trend in Bitcoin. Possible Market Dip Ahead As XRP bulls attempt to trigger a price rally toward $3.85, Mindbloome-Trading has shared an alternative bearish scenario for the cryptocurrency if it fails to break above key resistance levels. According to the TradingView analyst, the current resistance XRP is facing is strong, raising the likelihood that the cryptocurrency may struggle to overcome it, potentially limiting its upward momentum. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ He predicts that if the altcoin fails to surpass the resistance level at $3.13 and $3.15, the cryptocurrency could face a sharp correction, potentially dropping to $3.00 or even lower, with $2.85 being the possible target. As of now, the XRP price is trading at $3.1, reflecting an 11.22% increase over the past 24 hours, according to CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
A new XRP price prediction has surfaced, with a crypto analyst forecasting that the popular altcoin will experience a dynamic surge to $5.85 in the new week. Based on the Elliott Wave Theory and key technical indicators, the analysis outlines how XRP could see a significant upside after breaking out a symmetrical triangle pattern. On January 26, Dark Defender, a prominent crypto analyst on X (formerly Twitter), forecasted an XRP price surge to a new all-time high of $5.85. The analyst shared a chart illustrating an Elliott Wave pattern consisting of five waves (1 through 5) in an upward trend XRP To Break Out To $5.85 Typically, the Elliott Wave theory suggests a cyclical price movement, where Wave 3 is presented as the strongest wave with the most explosive price increases. On the other hand, Wave 4 is highlighted as a corrective phase, while Wave 5 represents the final leg of an uptrend. Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 Dark Defender revealed that the current XRP Elliott Wave structure was established as early as August 2023, where Wave 3 has consistently targeted the $5.85 all-time high level. This price surge would translate to an impressive 261.8% increase, marking a dynamic shift in the new week. Once the $5.85 target is achieved, Wave 5, which is the final wave of the Elliott wave cycle, points to a longer-term price target of $18.22. Achieving this level would signify a massive 361.8% increase, marking a historic milestone for XRP. In his detailed analysis, Dark Defender also pointed out a 4-hour symmetrical triangle pattern on the XRP price chart. This unique technical formation is often a precursor of a significant price movement, which, in XRP’s case, the analyst forecasts a breakout to occur within the next 16 to 20 hours following his analysis. The breakout from the triangle pattern is expected to align with the broader upward trend. Moreover, the green circle on the chart shows that the XRP price has retested and confirmed support after breaking past the breakeven line toward the $2.4 resistance level. This move sets the stage for the analyst’s projected rally, with a primary target of $5.85 level and a secondary goal of $4.55. XRP Price Plummets 10% In One Day While the broader crypto market exhibits bullish sentiments toward XRP due to its impressive performance this year, the popular altcoin is currently facing significant bearish momentum as it struggles to break through key resistance levels. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board As of writing, CoinMarketCap’s data shows that XRP has plummeted from a previous price high above $3 to $2.8. The cryptocurrency recorded a 10.3% decline in the past 24 hours after experiencing severe bearish pressure that led to a 14% drop last week. Despite this bearish performance, analysts remain increasingly bullish on XRP, predicting significant price rallies that would propel the altcoin to new heights. One notable forecast suggests that XRP could rally so high over time and potentially flip Bitcoin, the world’s largest cryptocurrency. Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin has yet to relinquish its dominance in this market cycle, leaving many investors still holding onto hopes for the arrival of an altcoin season. Still, there remains a possibility that an altcoin rally might never come to fruition this season, given the recent market trends this cycle. Crypto analyst Ali Martinez echoed this perspective in a recent post on X, claiming that an altcoin season may never return. His observation sheds light on the change in market dynamics and the significant shifts that have occurred since previous alt seasons. Why AltSeason Might Never Happen An altcoin season is defined by a period of rapid price surges across a wide range of altcoins. Furthermore, an altcoin season is characterized by investors cashing out their Bitcoin profits and pouring them into altcoins. This period is always accompanied by social media hype and FOMO from crypto investors as they rush in to get in on the action. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 However, current market conditions have seen the crypto industry grow from its early days into a new market with a close relationship with investors in the traditional finance sector. Additionally, the altcoin market has expanded dramatically since the last major bull run in 2021, and you could argue that it has become somewhat oversaturated. Martinez highlighted a startling statistic: over 36.4 million altcoins are now in circulation. This is a dramatic increase compared to fewer than 3,000 altcoins during the 2017-2018 altcoin season and an even smaller pool of fewer than 500 in the 2013-2014 bull market cycle. The sheer scale of this supply explosion has fundamentally altered the cryptocurrency landscape, diluting attention and capital among an overwhelming number of assets. This oversaturation means that achieving widespread price surges across altcoins has become a far more challenging proposition than in previous market cycles. Furthermore, many of these altcoins have unclear use cases or poor fundamentals and only divert attention from specific altcoins with strong utility. Could The Era Of Altcoin Seasons Be Over? The concept of an altcoin season may be a relic of a less crowded market. Ethereum, the largest altcoin, has largely failed to perform up to expectations this cycle. Known as the primary driver of past altcoin seasons, Ethereum has struggled to gain momentum for over a year, even as other altcoins like Solana, XRP, Cardano, and Dogecoin continue to push to multi-year highs. Related Reading: Bitcoin Price Dominance And Altcoin Season: What The Sudden Volatility Means For The Market If Ethereum, with its established dominance and utility, cannot deliver, it raises serious questions about the potential of other altcoins to rally. Instead, individual altcoins with strong fundamentals or unique propositions could continue to thrive while the rest of the market remains stagnant. At the time of writing, Coinmarketcap’s dominance data shows that Bitcoin commands 57.9% of the total crypto market cap, increasing by 0.69% in the past 24 hours. Meanwhile, Ethereum is steadily losing ground, with its dominance dropping by 1.07% over the same period, now accounting for just 11.1% of the overall market. Featured image from iStock, chart from Tradingview.com
Crypto analyst Tony Severino has provided an ultra-bullish outlook for the Bitcoin price, predicting that the flagship crypto could rally to as high as $321,000. The analyst admitted that this target was too high for BTC but added that it was simply the “math. Bitcoin Price To Reach $321,000 In This Market Cycle In a substack post, Tony Severino predicted that the Bitcoin price could rally to as high as $321,000 in this bull run. This came as the analyst highlighted a potential head and shoulders pattern that had formed on Bitcoin’s chart. The analyst claimed that if this bullish pattern was valid, then it projects a maximum target of $321,000 per BTC. Related Reading: Bitcoin Price Aims For $150,000-$170,000 With Wave Formation, Here Are The Details Severino admitted that this price target for the Bitcoin price is too high but remarked that it’s the “math.” Interestingly, the crypto analyst went on to give a higher price prediction for the flagship crypto based on another bullish pattern. According to him, BTC could reach $345,000 if it touches the upper boundary of the primary uptrend channel over the last 8 years or thereabouts. Meanwhile, Severino also provided more conservative targets for the Bitcoin price. The analyst predicted that BTC could at least touch $158,000. This came as he noted that the 2021 cycle peak inverse Fibonacci extension could project the 2025 cycle peak. If so, he stated that this peak inverse Fib extension is located among the lowest estimates for BTC at $158,000. The crypto analyst further remarked that another method of using the 1.618 Fib extension involves projecting the target from the peak of wave 3 from the bottom of wave 1. Based on this, he added that this calls for a potential target of $194,000. Severino provided another version that projects the 1.618 Fib extension from the top of subwave iii of 5 to the bottom of subwave i of 5. If this plays out, BTC could reach a slightly lower target of $186,000. Lastly, the crypto analyst also raised the possibility of the Bitcoin price peaking at $191,000. He highlighted a bull pattern, which, if valid, could send BTC to this target. BTC’s Price Action In The Short Term Crypto analyst Ali Martinez provided insights into the Bitcoin price action in the short term. In an X post, he stated that the key support level for Bitcoin is at $97,877, where more than 101,000 BTC were accumulated. The analyst further remarked that holding above this level is crucial to sustaining the bullish momentum for the flagship crypto. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next In another X post, the crypto analyst provided a bullish outlook for the Bitcoin price. He noted that the number of BTC transactions over $100,000 has doubled in the past week, rising from $15,620 to $32,320. At the time of writing, the Bitcoin price is trading at around $104,300, down almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
In a recent development, crypto analyst Ali Martinez revealed that Bitcoin long-term holders have officially entered greed territory. This could benefit the price in the short term, although the long-term consequences could be severe. The greed phase suggests that long-term Bitcoin holders are now excessively optimistic about BTC’s future trajectory. Bitcoin Long-Term Holders Officially Enter Into Greed Territory In an X post, Martinez stated that long-term Bitcoin holders, having experienced every phase of the market cycle, are now letting greed take over. In terms of market sentiment, these holders have moved from capitulation to hope, optimism, and then belief and are now in the greed phase. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next This excessive optimism typically leads these investors to accumulate more BTC impulsively without considering rational analyses. In the short term, this greed phase is bullish for the Bitcoin price since this market sentiment could spark more buying pressure and drive the flagship crypto higher. This buying pressure for Bitcoin already looks to be evident as on-chain analytics platform Santiment revealed that the number of wallets holding 100 to 1,000 BTC has broken an all-time high (ATH), rising to 15,777 wallets. The platform also mentioned that Bitcoin whales peaked up steam this week with the US inauguration and a new BTC ATH as transactions exceeding $100,00 surged to their highest level in six weeks. This greed phase is good for the BTC price, as it could continue to send the flagship crypto to new highs. However, in the long term, this excessive optimism could put BTC in overbought territory, eventually sparking a massive wave of sell-offs that would send the Bitcoin price tumbling. This greed phase among Bitcoin long-term holders looks to be sparked by optimism around Donald Trump’s pro-crypto administration and the strategic BTC reserve especially. This still poses a risk for the Bitcoin price since the flagship crypto could be trading well above its actual value if the BTC reserve isn’t eventually created. What Needs To Happen For BTC To Stay Bullish In another X post, Ali Martinez warned that the Bitcoin price needs to stay above $97,530 to remain bullish. According to him, this price level is the key support level to watch for BTC, as holding above it is crucial to maintaining the current bullish momentum. Bitcoin is currently consolidating around this range after hitting a new ATH of $109,000 earlier this week. Related Reading: Bitcoin Price Aims For $150,000-$170,000 With Wave Formation, Here Are The Details Meanwhile, crypto analyst Crypto Rover highlighted the $102,000 support area as the most important for the BTC price right now. His accompanying chart showed that the flagship crypto could drop to as low as $98,000 if it drops below this support level. At the time of writing, the Bitcoin price is trading at around $104,900, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Crypto analyst BasicTrading has revealed a bullish pattern that has appeared for the Ethereum price, which hints at a rally to $4,000. This again provides some optimism concerning ETH, which has continued to underperform in this market cycle. Ethereum Price Eyes $4,000 With This Bullish Pattern In a TradingView post, BasicTrading revealed that a breakout to $4,000 looks to be on the horizon for the Ethereum price following the formation of a rising channel pattern. This bullish prediction came as the analyst noted that ETH had been retesting the previous all-time high resistance and was not able to break it. Related Reading: Bitcoin Price Under Threat: $12,000 Void Opens Up Possibility Of Crash Toward $75,000 However, this time, it could be different following the rising channel pattern. The analyst added that with the bullish break and retest and Ethereum price action, the breakout is about to happen. With Ethereum likely to break this psychological $4,000 resistance level soon enough, the analyst suggested that this could ultimately pave the way for ETH to reach and possibly surpass its current ATH of $4,800. BasicTrading remarked that the sky is the limit for the Ethereum price if it manages to break above its current ATH. Interestingly, the crypto analyst raised the possibility of ETH rising to between $20,000 and $25,000 if it replicates its historical performance from previous bull cycles. This price range represents the upper resistance trendline of the rising channel. However, the analyst stated that the Ethereum price must first achieve a clear breakout of its current ATH before a rally to as high as $25,000 can become a possibility. This bullish projection for ETH comes just days after crypto analyst Ali Martinez explained why it wasn’t time to give up on Ethereum despite its underperformance in this market cycle. Martinez mentioned that a decisive breakout above $4,000 could send ETH to $7,000. ETH To Reach Five Digits In This Bull Run Crypto analyst CrediBULL Crypto has also backed BasicTrading’s bullish outlook as he predicted that the Ethereum price would at least reach $10,000 in this market cycle. The analyst asserted that ETH will come back with a “vengeance” in the coming months. He added that $10,000 is the bare minimum once Ethereum breaks out. CrediBULL Crypto further opined that $20,000 is certainly not unreasonable by the end of this cycle. Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade Crypto analyst Mikybull Crypto also provided a bullish outlook for the Ethereum price, stating that ETH’s hated rally that will bring it to $12,000 is loading. He further remarked that the chart is giving market participants a glimpse and that patience is all it takes. At the time of writing, the Ethereum price is trading at around $3,400, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
On-chain data has unveiled an impressive surge in the Shiba Inu burn rate, skyrocketing by more than 600% in just one day. This sharp rise in token burns indicates a growing interest in decreasing the overall supply of SHIB. Moreover, it has raised the possibility that the SHIB price could follow suit, as increased token burn often influences a cryptocurrency’s price movements. Shiba Inu Burn Rate Skyrockets Over 600% Shibburn, the official Shiba Inu token burn tracker, has just reported a dramatic increase in burn rate, with over 3.24 million SHIB tokens permanently removed from circulation. The tracking platform revealed that the SHIB token burn rate shot up by approximately 612.78% in less than 24 hours. This spike represents one of the most significant one-day increases in recent weeks. Related Reading: Shiba Inu Burn Skyrockets 1,068% Amid Market Bleed, Can Bullishness Push Price Above $0.00003 Again? Typically, a surge in a token’s burn rate is largely attributed to community-led initiatives focused on reducing the cryptocurrency’s supply and potentially inducing scarcity. Considering the large size and strong dedication of the Shiba Inu community, it’s not uncommon to see occasional spikes in burn rates. The community has been a strong advocate for token burns, believing that a supply reduction could trigger a price surge for SHIB. Despite the latest burn and substantial decrease in SHIB’s circulating supply, the meme coin’s price has yet to demonstrate any significant upward movement. In fact, Shiba Inu appears to be on a downtrend, as CoinMarketCap reports a 1.6% decline in the last 24 hours and a previous 9.3% drop over the past week. Currently, the price of SHIB is trading at $0.00002, experiencing no recent increases, while its 24-hour trading volume has crashed by 46.33%. Nevertheless, this lack of immediate price action and present bearish conditions does not rule out the potential for a future rally in Shiba Inu. Supporting this possibility of a bull trend driven by heightened token burns, crypto analyst Rananjay Singh commented on the recent 612% spike in the Shiba Inu burn rate on X (formerly Twitter). Singh explained that when a cryptocurrency’s supply declines and demand stays strong, prices tend to increase significantly. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For The analyst suggests that increased token burns, upcoming updates in the Shiba Inu ecosystem, and the growing excitement among community members could potentially trigger substantial gains for the meme coin in 2025. What’s Next For The SHIB Price? ‘Shib Spain,’ a popular SHIB supporter on X, has predicted that a massive pump could be on the horizon for the meme coin. The analyst connects Ethereum’s price action with Shiba Inu’s, sharing a detailed chart that showed instances when ETH experienced a price reversal and underwent a significant rally. Although the meme coin was not indicated on the chart, the analyst’s mention likely ties his projected SHIB price pump to an increase in ETH. This suggests that if Ethereum experiences a price surge, altcoins like Shiba Inu could follow suit, potentially sparking a significant uptrend. Featured image from Unsplash, chart from Tradingview.com
Recent developments suggest that crypto investors looking to catch the next quick 5x should be keeping an eye on the Dogecoin price. This is based on both technical and fundamental analysis, which proves that DOGE could record a 500% price surge from its current level. Analyst Predicts 500% Surge For The Dogecoin Price In an X post, crypto analyst Javon Marks predicted a 500% surge for the Dogecoin price, representing a 5x increase from its current level. The analyst explained that Dogecoin is back showing strength, and by its historical performance, DOGE can be set for an over 432% gain at the least from its current level. Related Reading: Dogecoin ETF Filing Takes Market By Storm, Can Positive Sentiment Trigger 200% Rise To $1 ATH? Javon Marks further remarked that the Dogecoin price could rally above the 1.618 Fib extension, which is currently at $2.2. In line with this, the analyst added that market participants could still be early, considering that DOGE could witness a 5x price increase from its current level. Crypto analyst Trader Tardigrade also recently predicted that the Dogecoin price could rally above $2. In an X post, the analyst stated that the meme coin had formed a bull flag on the 2-day chart. According to the analyst, this DOGE bull flag pattern puts a target of over $2 for the foremost meme coin. The crypto analyst had previously predicted that the DOGE price could even rally as high as $8 if it mirrors the 2017 bull run. He added that DOGE could also reach $30 if it mirrors the 2021 bull run. These projections further prove that the foremost meme coin could at least record a 500% price surge from its current level. Crypto analyst Master Kenobi has also previously predicted that Dogecoin could rally to $2 in this cycle and top around $3. Bullish Fundamentals Also Support A 5x Increase For DOGE The Dogecoin price also boasts bullish fundamentals, which support a 5x increase from its current level. One of the fundamentals includes the potential launch of a Dogecoin exchange-traded fund (ETF) in the US. Asset manager Bitwise recently filed for a Dogecoin ETF in Delaware, indicating that an application with the US Securities and Exchange Commission (SEC) may be next. Related Reading: Dogecoin ‘Power Of 3’ Pattern Enters Distribution Phase: Massive Bull Run Incoming? Asset manager REX Shares, in collaboration with Osprey, already filed with the SEC to offer a Dogecoin ETF. This is bullish for the Dogecoin price, considering the amount of institutional funds that could flow into the DOGE ecosystem if the SEC approves these funds. There is also a huge likelihood that the SEC will approve these funds, considering the pro-crypto climate under Donald Trump’s administration. It is also worth mentioning that there has been a huge accumulation trend among DOGE whales, which is also bullish for the Dogecoin price. IntoTheBlock data shows there has been a 41% spike in the meme coin’s large transactions, with $23.35 billion traded in the last 24 hours. Another bullish fundamental is Elon Musk’s Department of Government Efficiency (DOGE), which puts the foremost meme coin in the limelight. At the time of writing, the DOGE price is trading at around $0.35, down almost 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
The Bitcoin price has shown a bullish pattern that could cause it to rally to between $150,000 and $170,000. Crypto analyst Gert van Lagen revealed how this could happen and what could come next after this price surge. Bitcoin Price To Rally To As High As $170,000 Following Wave Formation The Bitcoin price is set to rally to as high as $170,000 following a wave formation. In an X post, Gert van Lagen revealed that Bitcoin had confirmed blow-off wave 5 within the $150,000 and $180,000 range by recently reaching a new all-time high (ATH) of $109,000. Following this development, the analyst stated that the flagship crypto is now aiming to reach between $150,000 and $170,000. Related Reading: Bitcoin Upper Band Moves Above $105,400 – Where Price Is Headed Next Once the Bitcoin price rallies to between $150,000 and $170,000, Gert Van Lagen predicts that a retracement to as low as $120,000 will follow, with claims of a top. However, the rally to $170,000 won’t mark the cycle top for the flagship crypto as the analyst there will be another parabolic rally to the upside, which will be the wave v to complete the fifth wave. Gert van Lagen predicts that the Bitcoin price will rally to as high as $300,000 on the last leg of this cycle, which would end the bull market. His accompanying chart showed that BTC could reach this price target by April. This isn’t the first time the analyst has predicted that the flagship crypto could rally to as high as $300,000. He previously highlighted a cup and handle pattern, which put the final ascent for BTC at this price target. BTC Rally To $158,000 Still In Play Crypto analyst Titan of Crypto also provided a bullish outlook for the Bitcoin price, stating that the projected rally to the $158,000 target is still in play. This target came about when he highlighted a bullish pennant forming on BTC’s monthly timeframe. The analyst remarked that Bitcoin could catapult to the moon if this bullish pattern plays out. Related Reading: Bitcoin Price Above $100,000 Renews Hope, Analyst Reveals The Cycle Top Meanwhile, in another X post, Titan of Crypto mentioned that the flagship crypto is back to its bullish momentum as it looks “extremely bullish” on the daily chart. This was based on his Ichimoku Cloud analysis, in which he pointed out that the cloud was turning bullish. Amid these bullish outlooks for the Bitcoin price, crypto analyst Justin Bennett has warned that the flagship crypto could drop to as low as $91,000. He remarked that Bitcoin pumped into Trump’s inauguration, so there is a good chance that the rally fades from here. The analyst added that BTC is range-bound until proven otherwise and that the January 13th lower wick at $91,000 looks primed for a retest. At the time of writing, the Bitcoin price is trading at around $105,402, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
The Dogecoin price is at a critical juncture as a crypto analyst has pinpointed key price levels that could dictate its next significant move upwards. With the number one meme coin currently trading above $0.34, the analyst predicts a breakout to $1.4 if bullish conditions stay favorable and a price crash to new lows if Dogecoin fails to reach a critical level. Dogecoin Price: Will It Pump Or Crash? According to a TradingView crypto analyst known as ‘Mindbloome-Trading,’ the Dogecoin price is on the verge of an exponential pump that will push its value above the coveted $1 mark. The crypto expert presented a video chart analysis, highlighting $0.46 as a crucial resistance level for Dogecoin. This price point aligns with the 0.382 Fibonacci level, which is often a significant barrier in technical analysis. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 The TradingView market expert has suggested that if Dogecoin surpasses the $0.46 resistance level, it could ignite a rally that propels the meme coin to its next bullish target at $1.4. Such a move would likely be driven by increased demand and buying pressure from investors. Conversely, the analyst shared a bearish outlook for Dogecoin. He indicated that if Dogecoin fails to maintain the support level at $0.3, the meme coin could be at risk of a severe decline. He predicts a DOGE price crash to a lower support level at $0.23, achieving new price lows not seen since 2024. Falling back to the $0.23 level could send bearish signals to the market, potentially leading to increased selling pressure and more declines. The analyst has revealed that Dogecoin is currently in a support phase, and its next price movements could determine the direction of its future value. While the TradingView crypto expert shares his bullish and bearish price forecast for Dogecoin, his detailed video chart shows Dogecoin’s price movements from 2020 to 2024, highlighting key peaks and troughs that indicate past volatility. The chart also pinpoints key support and resistance zones using Fibonacci extension and retracement levels to predict the meme coin’s next price level. What’s Driving Dogecoin’s Current Trend? The Dogecoin price is currently experiencing severe downside momentum despite multiple bullish forecasts suggesting an imminent rally. The major factors driving Dogecoin’s bullish sentiment in the crypto market are the recent inauguration of Donald Trump as the new President of the United States (US) and the influence of SpaceX and Tesla CEO Elon Musk, who has established the new Department of Government Efficiency (D.O.G.E) unit. Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes Despite expectations of a bull run, Dogecoin has declined by 9.64% in one day to trade at $0.34, according to CoinMarketCap. Nevertheless, analysts on the popular X social media platform remain bullish, forecasting significant price increases in the future. One notable prediction by crypto analyst and Dogecoin supporter David Butler suggests that the popular meme coin could rally by 100X to reach $34. While this projection may seem rather ambitious, the analyst is confident that a price increase to this level is inevitable. Featured image from Unsplash, chart from Tradingview.com
Dogecoin traders have lost over $65 million in 24 hours amid the largest liquidation event in this year so far. This development came as the DOGE price crashed violently after climbing to as high as $0.43 on Sunday. Dogecoin Traders Lose Over $60 Million In 24 Hours Coinglass data shows that Dogecoin traders have lost over $65 million in the last 24 hours. Traders who went long on DOGE suffered the most, with $54.81 million in long positions liquidated during this period. Short traders accounted for the remaining loss, with $7.90 in short positions liquidated. Related Reading: Dogecoin ‘Power Of 3’ Pattern Enters Distribution Phase: Massive Bull Run Incoming? These short liquidations likely occurred earlier on Sunday, when the Dogecoin price reclaimed the $0.40 support level and rebounded to as high as $0.43. However, the price action took a drastic turn later in the day, crashing from the intra-day high of around $0.43 to as low as $0.35, leading to the flush in long positions. Dogecoin traders weren’t the only ones who suffered significant losses. Other crypto traders lost substantial sums as the crypto market witnessed its largest liquidation event this year, with over $1 billion liquidated in the last 24 hours, according to Coinglass data. Long traders took the most hit, with $903.59 million in long positions liquidated. Meanwhile, $260 million in short positions were liquidated. These liquidations occurred as the Bitcoin price dropped from as high as $106,000 to $100,000, dragging other coins, including Dogecoin, along with it. This price drop across the board occurred mainly due to the US First Lady Melania Trump’s launch of her meme coin, ‘MELANIA,’ which drained liquidity from other coins in the market. Dogecoin traders were also bound to take a significant hit considering DOGE’s strong price correlation with BTC. As such, a Dogecoin price crash was inevitable as the flagship crypto nosedived to as low as $100,000. The Cycle Is Not Over Crypto analyst Kevin Capital provided optimism for Dogecoin traders, stating that the cycle is not over. The analyst also reminded those upset at Donald Trump and his team about the ‘TRUMP’ and ‘MELANIA’ meme coins that Dogecoin could easily have remained at $0.11 if the incoming president had not won the elections instead of Kamala Harris. Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle As such, he urged Dogecoin investors and traders to be grateful for how far DOGE has come since November 5th, 2024, when Trump won the elections. Indeed, Trump’s victory was the primary catalyst for Dogecoin’s gains last year. The foremost meme coin had maintained a tepid price action for most of last year until Elon Musk’s Department of Government Efficiency (D.O.G.E), coined from DOGE, looked likely to come to life as Trump led the polls. At the time of writing, the Dogecoin price is trading at around $0.36, down over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
XRP remains an outstanding contender in the ongoing market cycle, with the potential of reaching a new all-time high at the end of the bull run. Looking at current price performances, the altcoin has displayed resilience in light of bearish market conditions, sparking speculation about an impending upswing. A Major Surge To New Peak For […]
Dogecoin was one of the best-performing crypto assets following a recent upswing in the general market in the past few weeks. However, considering several indicators and current price action, a correction might be forthcoming for the largest meme coin. Bearish Price Signal Emerges For Dogecoin Dogecoin’s renewed price uptrend could be poised for a setback […]
Investors’ interest in XRP is surging immensely following the recent growing optimistic sentiment in the market, as seen by a massive accumulation of digital assets by whales, also known as large investors, indicating extreme confidence in the altcoin’s potential. Large Investors Holdings Hits Unprecedented Level XRP whales are making headlines as the number of wallets with at least […]
As Ethereum begins to show positive price action once again, the altcoin is seeing a wave of bullish predictions from multiple crypto experts about its trajectory in the short term, suggesting a potential rally in the upcoming weeks. A 63% Rally For Ethereum Could Be On The Horizon In an optimistic post, market expert and […]
With the renewed momentum seen across the entire cryptocurrency, Dogecoin is displaying robust resilience as the dog-themed meme coin has entered into a key chart formation, signaling a potential shift in its price trend and further solidifying its capability for a major rally in this ongoing bull cycle. Dogecoin’s Path To $0.2 Gains Strength In […]
Bitcoin investors appear to be demonstrating a cautious approach as evidenced by the recent notable decline in the number of BTC active addresses, which indicates a reduction in on-chain activity as the market continues to be unstable. Bitcoin Sees Decrease In Active Addresses Kyle Doops, a market expert and host of the Crypto Banter show, […]
Ethereum whales are on the move once again, with thousands of ETH being transferred at a rapid pace in the past few days. One of the latest ETH whale transfers spotted recently was carried out by the project’s co-founder Vitalik Buterin, triggering speculations about the digital asset’s potential in the long term. Another Huge Ethereum […]
XRP is currently trading slightly above the $0.50 price level, having experienced a significant price decline that erased most of its gains from the previous month. XRP managed to break through the $0.60 price level in a rally last month, although this surge was short-lived, lasting only a few days. Despite this setback, crypto analyst Javon Marks notes that there are still bullish divergence patterns present in the market, suggesting that another breakout could be on the horizon. These patterns indicate potential upward momentum, hinting at a possible recovery and a very optimistic price surge to new all-time highs. Bullish Divergences Are Still Present Crypto analyst Javon Marks recently shared an intriguing XRP technical analysis on the social media platform X with very bullish price prediction targets for the cryptocurrency. According to Marks, the crypto asset recently embarked on a bullish rally, which ultimately turned into an attempted breakout before reversing. The rally he was talking about was XRP’s price journey from $0.4321 in July, which saw it peak at $0.6534 on July 31, according to data from Coinmarketcap. As such, XRP ended up breaking out of a multi-year descending triangle pattern. Related Reading: Explosive XRP Prediction: Analyst Foresees 20-Fold Gain This interesting pattern is shown on Javon Marks’ XRPUSD monthly candlestick chart. The descending triangle pattern, which has been in formation since XRP’s all-time high of $3.4 in 2018, is characterized by a series of lower highs and higher lows. Over the past six years, this pattern has become smaller, reflecting a period of consolidation and reduced volatility. This formation has tightened for the past few months, culminating in the minor breakout in July and a move towards a more bullish outlook for XRP. Although the XRP price now finds itself trading within this region of descending triangular pattern again, Javon Marks remains optimistic. Furthermore, he pointed out an interesting correlation between the price action and the Relative Strength Index (RSI), which is a popular momentum indicator. According to Marks, this correlation suggests that a successful bullish breakout is on the horizon. $XRP recently broke out temporarily which looks to have been only an attempted breakout but, between Price Action and the RSI, there are patterns still present through bull divergences that can suggest a successful bullish breakout to be on the horizon! On a conservative note,… https://t.co/BCrp9CwT6i pic.twitter.com/XGGiv0nBDp — JAVON⚡️MARKS (@JavonTM1) August 6, 2024 Price Targets For XRP According to Marks, a successful breakout would translate into a price range between $15 and $18 on the conservative end. A more intense rally could result in XRP reaching above the $100 price level. His final target on the price chart is $260 for XRP, which represents an increase of 41,780% from the current price level. Rallies of such magnitude are not new to the crypto industry. As Marks noted, we’ve witnessed full logarithmic scale follow-throughs of this nature in the past. The last time the altcoin broke out of a similar multi-year descending triangle pattern was in 2017, resulting in a 42,000% price increase that culminated in its current all-time high. Related Reading: XRP Price Recovery Encounters Hurdles: Will It Prevail? However, realistically speaking, the crypto market has evolved since then. XRP is now one of the largest cryptocurrencies in terms of market cap, and a repeat of such a 40,000% surge is easier said than done. A lone XRP rally of that magnitude would propel XRP to overtake even Bitcoin in terms of market cap, which many market participants would deem impossible. Nevertheless, a sustained XRP rally in the near future is not out of the question. At the time of writing, XRP is trading at $0.5162 and is up by 3% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com