A crypto analyst has shared a TD Sequential chart indicating that the Bitcoin price is flashing a major buy signal in the 4-hour time frame. This signal suggests that Bitcoin’s bearish momentum could be waning, making this a potentially critical moment to consider entering the market. Bitcoin Price TD Sequential Flashes Buy Signal A TD Sequential is a unique technical indicator that identifies trend exhaustion and price reversals and indicates buy or sell signals. According to an X (formerly Twitter) post by crypto analyst Ali Martinez, Bitcoin’s 4-hour chart showcases a green “9” candle, signaling a potential buying opportunity. Related Reading: Dogecoin Price Above $10: Historical Data Shows How High DOGE Will Go This Bull Cycle Typically, in a downtrend, the green 9 candle is interpreted as a buy signal, indicating that bearish momentum might be reaching exhaustion and prices could be getting ready for a rebound. Martinez also shows an ”A13” marker on the TD Sequential chart, which represents a countdown phase that tracks 13 additional candles and identifies a stronger trend exhaustion. During a downtrend, the appearance of a TD Sequential A13 often signals a potential decline in a cryptocurrency’s sell-off phase, reinforcing the possibility of a price reversal. Bitcoin’s current buy signal emerged as its price exceeded $94,000. This buy signal suggests an optimal time to enter the market, with the $94,915 price point highlighted as a potential entry for traders aiming to capitalize on a possible Bitcoin price rebound. Although the TD Sequential is an indicator used to identify buy and sell signals, market participants can exercise caution by considering additional factors like volatility, broader market sentiment, and more. If the current buy signal holds, Martinez has predicted that a price rebound can be expected. However, a failure to maintain its current price could lead to further downsides, potentially pushing Bitcoin to its next critical support level. BTC Market Top Set At $168,500 In another more recent X post, Martinez presented a chart of Bitcoin’s price movements, predicting a market top above $168,500 based on the Mayer Multiple. The chart shows Bitcoin price performance based on the Mayer Multiple, which compares BTC to the 200-day Moving Average (MA). Related Reading: Bitcoin Price Above $100,000 Again? Why $99,800 Is An Important Resistance To Break The red line, as seen on the chart, indicates the Mayer MultipLe (MM) at 2.4, while the green line showcases MM at 0.8. Additionally, the blue line is the Oscillator, which tracks the Mayer Multiple over time. Historically, the Bitcoin price tops have coincided with the Mayer Multiple reaching the 2.4 level or higher. Currently, Bitcoin’s Multiple Mayer sits at 1.3845 in the chart. However, if its price continues to rise and the MM reaches 2.4 again, Martinez predicts a market top above $168,500 for Bitcoin. As of writing, Bitcoin’s price is $94,692, meaning a surge to $168,500 would require a significant 78% increase from its present market value. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Behdark has provided an in-depth analysis of the Dogecoin price roadmap to its current all-time high (ATH) of $0.75. In his analysis, he explains why Dogecoin could still witness a significant correction before it rallies to its current ATH. Dogecoin Price Next Wave Is Bearish In a TradingView post, Behdark stated that the Dogecoin price seems to be entering wave F, which is a bearish wave. The crypto analyst noted that the previous corrective waves of this diametric lasted between 196 and 347 days, so this wave F is also expected to last between 196 and 347 days. Related Reading: Bitcoin $178K Target In Sight? Analyst Highlights Bollinger Band Retest Mirroring Jan. 2024 Rally The analyst’s accompanying chart showed that the Dogecoin price could drop to as low as $0.15 on this wave F corrective move. Similar to waves B and D, the analyst remarked that this corrective wave is expected to be highly volatile. Based on the 196 to 347-day timeline, this corrective wave might not end until sometime in November 2025. Once the corrective wave F is done, the Dogecoin price will transition to wave G. Behdark stated that Wave G will be a bullish wave that might lead to a new ATH. The accompanying chart showed that Dogecoin could reach around $0.8 on this impulsive move to the upside. However, the much-anticipated psychological $1 price level could still elude the foremost meme coin. Meanwhile, the crypto analyst added that a weekly candle below the invalidation level at $0.12 would invalidate the buy outlook for the green zone between $0.15 and $0.20. Behdark’s analysis provides a completely different perspective for the Dogecoin price, considering that crypto analysts like Trader Tardigrade have predicted that the meme coin could rally to double digits before mid-2025. Behdark’s analysis also suggests that the Dogecoin price is unlikely to reach $1 in this market cycle, a target market participants have set their eyes on since the meme coin began its parabolic rally between October and November. Four-Year Cycle Still In Play Crypto analyst KrissPax provided a more bullish outlook for the Dogecoin price, stating that the four-year cycle is still in play. The analyst cited a historical pattern in which Dogecoin took off in January 2021 after an uptrend in late December 2020. He then raised the possibility of this historical trend repeating itself again. Related Reading: XRP Battles Critical $2.20 Support Level — Will It Target $2.70 Or Slip To $1.96? Crypto analyst Master Kenobi had before now also suggested that a Dogecoin price rebound was likely in January 2025 as he alluded to the historical pattern in the 2021 bull run. The crypto analyst believes that Dogecoin could reach a new ATH around Donald Trump’s inauguration, especially with the Department of Government Efficiency (D.O.G.E) coming to life when Trump takes office. At the time of writing, the Dogecoin price is trading at around $0.31, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The 24-hour Dogecoin price action has been highlighted by a range between $0.3049 and $0.3229 as both the bulls and bears work to break into either side. As the cryptocurrency continues to struggle with price corrections on the short-term timeframe, technical analysis of a wider timeframe shows a bullish structure that would lead to a […]
The XRP price has continued its steep correction into the past 24 hours, with it currently hovering around the $2.2 price level. Nonetheless, analysts are still concerned about the possibility of the XRP price reaching new highs sooner than later, with some giving projections into the two-digit threshold at $10 and beyond. Interestingly, crypto analyst Cryptoinsightuk recently shared his thoughts on social media platform X, drawing attention to a potential roadmap for XRP to achieve this ambitious target. Mirroring The 2017 XRP Price Pattern Cryptoinsightuk has brought a compelling perspective to the ongoing XRP price correction and its previous rally, highlighting how its current trajectory resembles the movement it experienced in 2017. Back then, XRP consolidated a little bit in early 2017 before undergoing a powerful rally that extended into 2018. Related Reading: XRP Battles Critical $2.20 Support Level — Will It Target $2.70 Or Slip To $1.96? With this in mind, technical analysis from Cryptoinsightuk adjusted the price action at that time to size in relation to XRP’s previous breakout in early October. According to this, if XRP continues to follow the 2017 pattern, the cryptocurrency could replicate this crazy move throughout 2025. Interestingly, the analyst’s overlay of the 2017 price action suggested that the XRP’s 460% price breakout from its early October range of $0.5 is already halfway into replicating this movement. If this were to continue playing out this way, the analyst expects XRP to break above $10 in the first quarter of 2025. However, Cryptoinsightuk’s projections extend beyond this initial $10 target in Q1 2025. If XRP’s price continues to mimic the historic movement beyond the first quarter, the analyst envisions what he describes as a “moon boy blow-off top.” This phase, which is characterized by a larger parabolic surge in price, could push XRP as high as $35 by the third or fourth quarter of 2025. Factors To Push XRP’s Bullish Trajectory CryptoinsightUK’s bullish outlook on XRP hinges on the cryptocurrency’s ability to replicate its 2017 movement. Back then, the parabolic surge saw XRP go from below $0.0060 until it reached its current all-time high of $3.40. Punching in the numbers, this comes up to around 56,000% gain over 12 months or so. Related Reading: Bitcoin $178K Target In Sight? Analyst Highlights Bollinger Band Retest Mirroring Jan. 2024 Rally While XRP is currently in a positive market sentiment to continue a strong bullish move, market conditions in 2024 are different from those in 2017. Furthermore, the amount of inflow capital needed to reach $10 or $35 at this point would be far greater than what it took to reach $3.4 in 2018. However, increased institutional involvement and factors like political and expected regulatory positivity in 2025 suggest that the XRP price could nonetheless go on a comparable surge. Additionally, broader crypto market trends, such as Bitcoin’s performance, could contribute to the predicted XRP price surge. At the time of writing, XRP is trading at $2.18. Reaching the $10 and $35 price targets would translate to a 358% and 1,505% move, respectively. Featured image created with Dall.E, chart from Tradingview.com
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, recently experienced a significant price correction, dropping below $3,100 for the first time in 29 days. This marks a notable shift from its peak performance in December, when it reached this year’s high of $4,106 on December 16. However, the all-time high for ETH, set at $4,877 on November 8, 2021, remains unbroken. Since reaching that high, Ethereum has been forming lower highs and lower lows, indicating bearish momentum in the market. Ethereum Market Sentiment And Support Levels The year 2024 has been tumultuous for Ethereum, with a blend of bullish catalysts and market downturns. Early in the year, Ethereum saw a 47% increase, although it lagged behind Bitcoin’s substantial gains. A key driver of optimism was the SEC’s approval of Ethereum spot ETFs in May, which not only attracted institutional investors but also contributed to a 24.7% return for that month. However, geopolitical tensions and broader market dynamics, including the Bitcoin halving, led to volatile periods, with April witnessing a 17.2% decline in ETH’s value. Despite these fluctuations, Ethereum has maintained its stronghold in the decentralized finance (DeFi) space, with its Total Value Locked approaching $80 billion, underscoring its fundamental strength. However, the second quarter was less favorable, with ETH posting a -5.08% quarterly return due to external factors like the Middle East crisis. Related Reading: Sentiment For Ethereum Hits 1-year Low, Analyst Says A Massive Run Is Coming As December 2024 unfolds, Ethereum was trading at around $3,648, showing signs of recovery in the last month of the year and outperforming other major cryptocurrencies like Bitcoin and Solana. However, the recent dip below $3,100 has sparked discussions about the potential for further declines or a swift recovery to new highs. Market sentiment, as indicated by the Fear and Greed Index at 57 (greed), suggests that retail investors see the current dip as a buying opportunity rather than a reason for panic selling. This sentiment is crucial as Ethereum navigates through its support levels, with the immediate one at $2,900 being a focal point. If Bitcoin experiences a significant drop to around $90,000, it could further influence ETH’s price, potentially pushing it towards its next significant support at $2,900. Related Reading: 7.8M Ethereum Leaves Binance In Two Months—What Does This Mean for ETH? Can Ethereum Hit A New All-Time High Before 2025? Looking towards the possibility of hitting a new all-time high before 2025, several factors come into play: Institutional Adoption: The ongoing investment from institutional players, especially through ETFs, could lead to increased demand. Network Upgrades: Upcoming Ethereum upgrades and improvements in scalability could enhance investor confidence. Market Sentiment: The crypto market’s general mood, influenced by broader economic conditions, technological advancements, and regulatory news, will be pivotal. The concentration of Ethereum holdings also plays a role. The Beacon Chain Deposit Contract holds over 38 million ETH, crucial for Ethereum’s transition to Proof-of-Stake. Other significant holders include exchanges like Binance and Coinbase, which could influence market liquidity and price movements through their strategic asset management. In conclusion, while Ethereum’s dip below $3,100 signals a moment of caution, the underlying fundamentals and market dynamics suggest there’s still a pathway to new highs before 2025. However, this would require positive developments in both the crypto-specific and broader economic landscapes. Investors should watch closely how Ethereum interacts with its support levels and responds to upcoming market catalysts. Featured image created with DALL-E, Chart from Tradingview.com
As of December 21, 2024, the Bitcoin price is trading at around $98,600, reflecting a 3.4% increase from its previous close. This rise is part of a broader trend marked by substantial price fluctuations in the past seven days, which saw Bitcoin breaking below close support levels. Particularly, Bitcoin’s price movement in the past few days has been filled with declines below the $100,000 price level and liquidations across the entire crypto industry. Analyst Predicts Bitcoin Price Surge Above $225,000 By June 2025 Among the many voices weighing in on Bitcoin’s future trajectory is Adrian Zduńczyk, a renowned cryptocurrency analyst better known as CRYPTO₿IRB. While sharing his insights on X, the analyst noted that Bitcoin’s current bull run is already 80% complete, with the remaining 20% expected to be the most exhilarating phase. According to Zduńczyk, this phase will push the Bitcoin price to unprecedented heights in the first half of 2025. Related Reading: Dogecoin Price And Its Weekly Golden Cross: Why The Crash To $0.31 Remains Natural Speaking of the bull run being 80% complete, the current market cycle arguably began in October 2023, when applications of Spot Bitcoin ETFs triggered euphoria among crypto investors. At that time, Bitcoin was trading around $26,000, but the ensuing rally saw it breaking above multiple price resistance levels in quick succession. This, in turn, led to a break above its then all-time high to cross above $70,000 in March 2024, and then the latest break above the $100,000 psychological threshold in December 2024. As CRYPTO₿IRB predicted, the current bull run has played out to about 80% of its trajectory, with only 20% left to play out. Calculations show that Bitcoin has already increased by about 315% since the bull run started about a year ago. However, the analyst’s projection suggests that the leading cryptocurrency is about to make another 110% increase from its current all-time high in the next six months. Particularly, Zduńczyk has projected that Bitcoin will peak at an astonishing price of over $225,000 by June 2025. Altseason To Follow Bitcoin’s Peak, Bear Market Lurks Beyond 2025 Zduńczyk anticipates that a major altseason, which is characterized by explosive gains across the altcoin market, will occur after Bitcoin reaches its projected peak. However, he cautioned investors to remain vigilant, warning that 2026 will likely usher in a bear market and potentially bring in losses between 80% and 90% from the highs of various cryptocurrencies. Related Reading: XRP Price Crash: Analyst Says Don’t Get Distracted As RSI Is Still Above A Bullish 50% His advice to the crypto community is clear: “Realize gains and run before 2025 ends.” The analyst also hinted at a significant development scheduled for December 27, which he cryptically referred to as a “big release,” though details remain undisclosed at this moment. Although CRYPTO₿IRB’s prediction is bullish, it pales in comparison to projections from other crypto analysts, with some putting Bitcoin’s peak above $1 million in the current market cycle. Featured image created with Dall.E, chart from Tradingview.com
Recent price action in the past two days saw the Dogecoin price breaking below supports at both $0.4 and $0.3 in quick succession to eventually reverse after a quick break below $0.27 in the past 24 hours. Since then, the meme coin appears to be gaining momentum, with a little-known yet significant indicator pointing to […]
Crypto analyst Dima James has again raised the possibility of the Dogecoin price rallying above $10 in this market cycle. The crypto analyst alluded to historical data to show how high DOGE could go in this bull cycle. How High Dogecoin Price Could Go In This Market Cycle In an X post, Dima James shared a chart that showed that the Dogecoin price could reach as high as $80 in this market cycle. The analyst also predicted that the cycle top for Dogecoin could happen sometime between February 11th and May 7th, 2025. The analyst alluded to historical data to explain why he is confident that Dogecoin could reach this target. Related Reading: XRP Price Crash: Analyst Says Don’t Get Distracted As RSI Is Still Above A Bullish 50% Analyzing the daily chart, the crypto analyst explained that year 4 is typically the final year of each cycle, which is when the Dogecoin price has peaked every single time. He highlighted an indicator on the chart that has accurately predicted every single Bitcoin top. The analyst noted that Dogecoin tends to peak three to four weeks after Bitcoin reaches its top. In line with this, the analyst predicts that the cycle top for Dogecoin will happen sometime between February 11th and May 7th. Meanwhile, discussing the four-year cycle more, Dima James noted that the Dogecoin price had an impressive performance in this cycle’s year 3 (2024) compared to the year 3s of the previous cycles (2016 and 2020). He further reaffirmed his prediction that the Dogecoin price will finish this year at $0.31, marking the meme coin’s best year 3 performance to date. Year 4 has historically been the most significant year for Dogecoin, and Dima James expects a similar or even greater result in 2025, with Dogecoin outperforming its previous year 4 cycle performances. The analyst believes this will happen due to increased adoption and technological advancements. DOGE Has Found A Local Bottom In an X post, crypto analyst Trader Tardigrade mentioned that the Dogecoin price may have found a local bottom. The analyst explained that there is a Doji Dragonfly hitting the Fibonacci level of 0.618 on the daily chart. He further noted that DOGE showing price rejection at this level indicates a potential bottom found. Related Reading: Here’s Why The Bitcoin Price Continues To Hold Steady Between $96,000 And $98,000 The crypto analyst recently mentioned that the Dogecoin price was stuck in a range. He predicted that a break above this range could send Dogecoin to the $1 psychological level. In another X post, Trader Tardigrade stated that Dogecoin had entered the Gaussian channel on the daily chart. The crypto analyst added that the Dogecoin price has halted its downtrend at the channel’s mid-band, highlighting the Gaussian Channel’s supportive nature. In line with this, Trader Tardigrade suggested that Dogecoin is ready for a bullish reversal. At the time of writing, the Dogecoin price is trading at around $0.33, up over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The native token of the decentralized smart contract platform Sui (SUI) kicked off the week with an all-time high of $4.96, buoyed by an overall bullish trend in the cryptocurrency market. The momentum was short-lived, as SUI experienced a significant retracement on Friday, plummeting nearly 30% to $3.49. However, the token rebounded swiftly, stabilizing at approximately $4.55, representing a 12.8% increase from the week’s low and just 8.9% shy of its record price, SUI Surges Amid Market Volatility In stark contrast, major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have continued to experience downward corrections following the US Federal Reserve’s (Fed)0 recent decision regarding interest rates. The Fed’s dovish stance has negatively impacted risk assets, contributing to a generally bearish sentiment in the market that led the market’s leading crypto, to retrace almost 10% from the record high of $108,000. The volatility surrounding SUI led to nearly $14 million in liquidations across both long and short positions on centralized exchanges, with Binance reporting the highest liquidation rates within the past 24 hours, according to data from Coinalyze. Related Reading: Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction? Notably, recent analysis has indicated that Sui ranks third in net inflows over the past three months, with close to $1 billion entering the network, highlighting the growing investor interest in SUI, further bolstered by a new partnership with Phantom wallet. Crypto analyst Route 2 FI noted in a recent social media post on X (formerly Twitter), that the bullish reversal in SUI’s price indicated strong investor sentiment, culminating in the token’s record peak at the beginning of the week. Analyst Targets $6 As Market Momentum Builds Michael van de Poppe, another respected analyst, pointed out the substantial daily candle movement in SUI, emphasizing that the price dipped into support before quickly bouncing back. He expressed optimism that this trend is far from over, suggesting that SUI could continue its upward trajectory with a target of $6 in sight. The recent surge in SUI’s price is also expected to attract Bitcoin liquidity into its ecosystem, further enhancing the token’s bullish prospects. Technical analyst Rekt Capital highlighted that SUI has effectively executed a post-breakout retest from its re-accumulation range. Rekt also noted that strategic partnerships with Babylon Labs and Lombard Finance would facilitate the integration of Bitcoin liquidity, which could significantly benefit the Sui platform. Related Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals The growing interest in SUI raises questions about its potential performance in 2025. However, crypto researcher Eyezenhour recently emphasized that while there are numerous reasons for optimism regarding SUI’s future, the key factor is attention. The researcher contends that the Sui Network has started to captivate institutional investors, a trend attributed to its dominant technology, upcoming integrations with Phantom and Backpack, and a talented core and executive team. This is expected to continue throughout the current bullish cycle and into 2025, adding to the bullish sentiment for the altcoin as the year draws to a close. Featured image from DALL-E, chart from TradingView.com
Bitcoin (BTC) is experiencing its first seven-day decline in eight weeks, prompted by hawkish signals from the US Federal Reserve (Fed) that have led traders to sell off the asset, which has more than doubled in value this year. Bitcoin Rebounds To $97,500 After Historic ETF Outflow The market’s leading cryptocurrency saw a drop of as much as 5.3% to $92,149 on Friday, following a record high of just above $108,000 earlier in the week. Since then the Bitcoin price has recovered the $97,500 mark, down approximately 5% since Sunday. This downturn has also affected smaller cryptocurrencies, including Ethereum (ETH) and Dogecoin (DOGE), despite a generally positive performance in US equities. Related Reading: Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction? The shift in sentiment is further highlighted by a significant outflow from US exchange-traded funds (ETFs) that invest directly in Bitcoin. On Thursday, these funds recorded a historic outflow of $680 million, ending a 15-day streak of inflows, according to data compiled by Bloomberg. The heightened volatility in the crypto market follows a rally that began after Donald Trump’s victory in the US presidential election on November 5. Analysts from QCP Capital have noted that positioning in the market had become “overly bullish,” leaving digital assets susceptible to fluctuations in the Federal Reserve’s tone regarding inflation control. With the US Federal Reserve signaling a potential slowdown in its easing measures with its chair’s Powell announcement on Wednesday, the focus is shifting to the pace at which traditional financial institutions adopt cryptocurrency. Historical Patterns Suggest Potential Rebound For BTC’s Price Hani Abuagla, a senior market analyst at XTB, stated in a recent note that the interplay of monetary policy, institutional adoption, and political developments suggests that Bitcoin will remain sensitive to both macroeconomic and crypto-specific catalysts through 2025. This sentiment is echoed by Chris Weston, head of research at Pepperstone Group, who advised caution in the short term. Weston noted that while a collapse in price is not imminent, the momentum behind Bitcoin’s recent rally has diminished, indicating a shift in market control. Related Reading: XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals Market expert Lark Davis on the other hand, weighed in on the current price action, reassuring investors that historical patterns could suggest a rebound in the coming days. The expert referenced December 2020, when Bitcoin experienced a 12% drop following a 77% rally in the preceding months but then surged from $17,000 to $41,000—a 136% increase—in just 23 days. Davis posits that a similar scenario may be unfolding now, with Bitcoin facing a 13% dip after a robust fourth quarter. While he acknowledges the possibility of an additional 10-15% correction, he remains optimistic about the potential for further upward movement in the cryptocurrency market. Featured image from DALL-E, chart from TradingView.com
The Shiba Inu price has crashed below $0.000022, declining by more than 20% in just one week. This massive crash has left 43% of SHIB investors facing losses. Moreover, the recent drop in the Shiba Inu price comes alongside a broader meme coin market decline, with top coins like Dogecoin, Pepe, and Bonk also experiencing […]
Recent technical analysis has revealed that the XRP price is consolidating after breaking key resistance levels to new highs. A crypto analyst has warned of an impending XRP price crash, urging investors not to get distracted as the RSI is still significantly above 50%. Discussing his predictions through short and long-term XRP price charts, the analyst shows that the cryptocurrency is firmly positioned in a bullish trend despite impending corrections. XRP Price RSI Hints At Potential Crash On the 4-hour XRP chart, a double tap structure is highlighted in the Relative Strength Index (RSI), a technical indicator used to measure the momentum of a cryptocurrency. This double tap pattern typically signals further downward movement before a price stabilization. Related Reading: This Analyst Predicted The Dogecoin Price Crash 2 Days Ago, Full Prediction Shows A Further 30% Decline According to Dark Defender, a crypto analyst on X (formerly Twitter), the RSI’s recurrent dips into oversold territory indicate that XRP could experience a price crash to new lows. The analyst disclosed that the XRP price had previously found strong support at $2.17; however, the cryptocurrency experienced a bounce to the upside. After hitting this support level, the XRP price is now consolidating, a pattern often associated with a potential uptrend after a correction. Despite the slight market recovery, the analyst has warned of another impending price crash in this same support zone as the RSI approaches oversold levels once more. Earlier in December, the RSI had hit oversold territories after dipping below 30%. Now XRP’s RSI is above 50% and signaling a potential to experience a price correction between the support levels at $2.17 and $2.18. Dark Defender has revealed that this price crash could occur soon as XRP is expected to enter oversold territory within a day. Despite this potential price correction, the analyst has acknowledged that the XRP’s broader outlook still looks bullish, with an uptrend continuation expected once the market consolidates following its projected price dip to new lows. Dark Defender has also predicted that XRP’s next price target after this projected correction is likely above $3, marking an almost 40% increase from the $2.17 support area. XRP 3-Month Chart Signals Strong Bullish Set Up Following his predictions that the XRP price could crash as it enters oversold conditions, Dark Defender also shared a 3-month chart analysis, painting a brighter outlook for the cryptocurrency. The chart shows that XRP has recently broken through a multi-year resistance level for the first time in over five years, signaling a strong bullish shift. Related Reading: Bitcoin Price Crash Below $100,000 Not The End As Analyst Predicts Another 52% Jump The three-month green candle structure between October and December confirms strong buying pressure, setting the stage for a potentially bullish Q1 2025 from January to March. A rounded bottom pattern can also be seen on the XRP 3-month chart. This pattern is a classic bullish reversal structure that indicates a gradual move from a downtrend to an uptrend. Dark Defender has marked several Fibonacci levels as potential price targets for XRP. According to the analyst, XRP could see a 261.80% rise to the 5.8563 Fibonacci level between $5 to $9. After which, the analyst expects a 361.80% surge to the 18.2275 Fibonacci between $16 to $28. Support levels at the 0.6649 Fibonacci at $0.9 have also been highlighted, acting as a safety net for XRP during price corrections. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Trader Tardigrade has provided insights into the current Dogecoin price action. The analyst revealed that Dogecoin is currently stuck in a range amid the recent crypto market crash and suggested what could happen if the foremost meme coin breaks out of this range. Dogecoin Price Stuck In A Range, What Could Happen Next? […]
Bitcoin (BTC) tries the $100,000 support zone after falling to $98,000 during the recent market shakeout. According to some market watchers, the flagship crypto’s recent performance resembles its December 2023 trajectory, suggesting that BTC might see a massive breakout soon. Related Reading: Bitcoin Could Peak Between $160,000 And $290,000 If These Historical Patterns Repeat – Report Bitcoin Price Mirrors December 2023’s Performance On Wednesday, Bitcoin and the rest of the crypto market saw a massive correction after the US Federal Reserve (Fed) announced a 25-basis-point rate cut and signaled fewer cuts than expected in 2025. The flagship cryptocurrency dropped 9.2% from its $108,135 all-time high (ATH), briefly falling below the $99,000 on support before recovering. BTC quickly climbed back to $100,000, surging 2% on Thursday morning to the $102,000 resistance. After the dump, crypto trader Follis suggested that this month’s price action mirrored BTC’s 2023 trajectory. The trader stated that Bitcoin was “repeating the December playbook from last year,” forecasting that a pump to a new high is coming soon. Per the chart, BTC moved within the $40,000-$45,000 price range before breaking out in January 2024. The breakout was followed by a significant 20% correction to the previous consolidation zone, briefly dipping below this range. However, Bitcoin reclaimed the breakout levels in the following weeks and surged another 47% to its March ATH of $73,000. If the largest crypto by market cap continues to follow this “playbook,” then its price could see a correction below $88,000 by year-end before resuming its bullish run to new highs. Similarly, Daan Crypto Trades pointed out that BTC’s performance in Q4 resembles its Q4 2023 price action. The analyst stated that Bitcoin will likely continue the “slow hoppy grind up before the actual breakout” happens. He recommended “zooming out” as the short-term chart “doesn’t look pretty” but noted that BTC’s price is still “trending up slowly.” Analyst Warns Of BTC’s Daily Close Other analysts suggested that the coming hours will be decisive for BTC’s short-term performance. Rekt Capital asserted that holding the $100,000 support was crucial, as failing to maintain this level could send Bitcoin below the previous key resistance of $98,000. Moreover, a daily close above the $101,000 mark would be necessary to prevent this range from turning into resistance again. The analyst emphasized that “doing so could kickstart a chain of events where BTC starts to lose support level by level.” Related Reading: Sentiment For Ethereum Hits 1-year Low, Analyst Says A Massive Run Is Coming He added that a close above this level would invalidate the short-term bearish outlook. Previously, the analyst explained that Bitcoin is amid the first “Price Discovery Correction,” which tends to happen between the 6thand 8th week of BTC’s post-halving “Parabolic Upside Phase”: As a result, over the next 3 weeks or so, I am going to be increasingly cautious about retest attempts, and given BTC’s history at this point in the cycle, I wouldn’t be surprised to see key levels get invalidated. However, he emphasized that the “Second Price Discovery Uptrend” will follow the big correction. As of this writing, Bitcoin has dipped below the $100,000 support level, registering a 5.1% 24-hour drop to the $98,900 mark. Featured Image from Unsplash.com, Chart from TradingView.com
The Bitcoin price movements in the past 24 hours have sent the entire crypto market into another state of disarray and liquidations. Particularly, Bitcoin has witnessed a price crash of about 5% in the past 24 hours, which has seen it breaking below the $100,000 psychological price threshold again. Although Bitcoin eventually seems to be […]
The entire crypto market has been riddled with a notable decline in the past 24 hours, led by Bitcoin’s break below the $100,000 price level again. Dogecoin wasn’t left out of this decline, which saw its price crashing by almost 15% and eventually reaching below $0.31. However, technical analysis suggests that this price decline is very natural in Dogecoin’s current trajectory. This technical analysis offers a silver lining for Dogecoin enthusiasts, as it frames the pullback as a natural phenomenon within the broader ongoing bull cycle. Weekly Golden Cross And Its Implications For The Dogecoin Price Crypto analyst Kevin (Kev_Capital_TA) took to the social media platform X to highlight the significance of Dogecoin’s weekly golden cross amidst the ongoing market downturn. According to Kevin, Dogecoin experienced a weekly golden cross back in early November, coinciding with the US election period. Historically, such technical indicators signal strong bullish momentum to the upside. However, Kevin noted that the current pullback aligns with past patterns where Dogecoin underwent significant corrections following golden crosses. Related Reading: Bitcoin Price Crash Below $100,000 Not The End As Analyst Predicts Another 52% Jump He pointed out that in previous cycles, Dogecoin faced three separate 50% corrections on its path to conclude at a cycle top. This historical behavior provides context for the recent crash to $0.31, which, according to Kevin, is a typical bull market pullback. He emphasized that this kind of retracement is not only expected but also essential for maintaining the market’s bullish structure. Support Levels And The Golden Pocket Zone Kevin’s technical analysis further looks into Dogecoin’s key support levels that could determine the meme coin’s next move. To get these support levels, he outlined the macrostructured support zone and the golden pocket, which is a Fibonacci retracement zone widely regarded as a strong support area. Based on his assessment, a 45% correction from Dogecoin’s recent high would align with these levels and could set the stage for a resumption of the uptrend. Related Reading: Dogecoin Trading Volume Rises Over $6.5 Billion As Liquidations Cross $31 Million, What’s Going On? With that in mind, the recent Dogecoin price high is just around $0.48, a price point that it achieved in early December. Should Dogecoin tap into this golden pocket zone without closing below the $0.26 level on a weekly basis, this should be enough to keep the bullish market structure intact. However, breaking below support at $0.26 could spell trouble for Dogecoin, and cause a shift in its price trajectory in the broader trend. At the time of writing, Dogecoin is trading at $0.3179, marking a steep 12% decline in the past 24 hours and an even more significant 22% drop over the past seven days. This recent decline places Dogecoin at its lowest level since early November, breaking below the $0.35 threshold for the first time in over a month. Nevertheless, the $0.26 support level will remain a focus in determining whether Dogecoin’s bull run is still valid. Featured image created with Dall.E, chart from Tradingview.com
The Bitcoin price has dropped below the $100,000 psychological level and is now holding between the $96,000 and $98,000 range. Crypto analyst Ali Martinez provided insights into why Bitcoin could be holding well within this range. Why The Bitcoin Price Is Holding Steady Between $96,000 And $98,000 In an X post, Ali Martinez noted that one of the most important support levels for the Bitcoin price is between $98,830 and $95,830, where 1.09 wallets bought over 1.16 million BTC. This explains why Bitcoin is holding steady between $96,000 and $98,000 as investors who bought between this level continue to provide huge support for the flagship crypto. Related Reading: Dogecoin Trading Volume Rises Over $6.5 Billion As Liquidations Cross $31 Million, What’s Going On? As Martinez suggested, it is important for these holders to continue to hold steady as a wave of sell-offs could send the Bitcoin price tumbling even below $90,000. The flagship crypto dropped below $100,000 following the Federal Reserve Jerome Powell’s recent speech, in which he hinted at a hawkish stance from the US Central Bank. This sparked a massive wave of sell-offs, as a Hawkish Fed paints a bearish picture for risk assets like Bitcoin. However, despite the Bitcoin price drop below, most Bitcoin holders remain in profit, which is a positive for the flagship crypto. IntoTheBlock data shows that 86% of Bitcoin holders are in the money, 4% are out of the money, and 9% are at the money. These Bitcoin holders still seem bullish on the leading crypto as they continue to accumulate more BTC. In an X post, Ali Martinez stated that so far in December, 74,052 BTC have been withdrawn from exchanges, and this trend doesn’t seem to be slowing down. Traders Anticipate A Bullish Reversal Ali Martinez suggested that crypto traders anticipate a bullish reversal for the Bitcoin price from its current level. This came as he revealed that traders on Binance nailed the top, with 62.17% shorting Bitcoin while it was trading at $108,000. Now, Martinez stated that sentiment has flipped, with 55.44% of these trading now longing dips below $96,000. Related Reading: This Analyst Predicted The Dogecoin Price Crash 2 Days Ago, Full Prediction Shows A Further 30% Decline Meanwhile, it is crucial for the Bitcoin price to hold this $96,000, as Martinez warned that if BTC loses this support, it could drop below $90,000. The analyst stated that based on the Fibonacci level, if Bitcoin loses $96,000, the next point of focus becomes $90,000 and $85,000. Meanwhile, from a bullish perspective, crypto analyst Justin Bennett suggested that the $110,000 target is still in focus for the Bitcoin price. At the time of writing, the Bitcoin price is trading at around $97,000, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Hailey Welch, popularly known as the “Hawk Tuah Girl,” has been absent from public view for two weeks, igniting a wave of controversy surrounding her cryptocurrency project, the Hawk Tuah (HAWK) memecoin. Welch, who gained fame through her podcast “Talk Tuah,” last communicated with her audience by stating she was “going to sleep,” shortly before the value of her memecoin plummeted by a staggering 95%. Investors Sue Hailey Welch Over Alleged Memecoin Fraud The fallout from the rapid decline in the Hawk Tuah token has been swift, with disappointed investors taking legal action against Welch and several associated entities. The lawsuit, filed on behalf of affected investors, accuses Welch, the Tuah The Moon Foundation, OverHere Ltd., its executive Clinton So, and coin promoter Alex Larson Schultz of orchestrating a fraudulent “rug pull.” Related Reading: Interest Rate Cut Impact: Bitcoin Price Reaction Unraveled With Future Projections According to court documents obtained by Newsweek, the complaint alleges that the “unlawful promotion and sale” of the Hawk Tuah memecoin resulted in significant financial losses, particularly impacting those new to cryptocurrency investing. The lawsuit emphasizes that many investors were attracted to the Hawk Tuah project due to Welch’s public endorsement and her influential role in its development roadmap. It states, “The rapid decline in the token’s value caused substantial damages to investors who relied on Welch’s participation and the project’s stated roadmap.” Initially, the Hawk Tuah token captured attention as part of a wave of community-driven memecoins, buoyed by Welch’s “aggressive promotion” across social media platforms and her podcast. However, allegations of mismanagement and deceptive practices soon surfaced after the token’s value collapsed almost overnight, erasing millions of dollars in investor funds. Insider Trading Allegations Bitcoinist reported two weeks ago that on-chain investigator Coffeezilla accused Hailey Welch and the Hawk Tuah team of scamming investors following the token’s launch. On November 26, Welch had announced her partnership with the Web3 platform OverHere to launch the Hawk Tuah memecoin, claiming it would “set to redefine the crypto space.” Upon its launch on December 4, the token’s market capitalization skyrocketed to $500 million, only to plummet 88% within minutes as major holders rapidly sold off their assets. As the token’s value collapsed, investors and market analysts raised alarms about potential insider trading and a coordinated rug pull orchestrated by the project’s creators. Many of the affected investors were Welch’s fans, many of whom were new to the crypto landscape. Related Reading: Ethereum To Outpace Solana In 2025, Bitwise CIO Asserts In the wake of the backlash, Welch revealed the token’s “Hawkanomics,” which indicated that only 2% of the total supply was allocated for public distribution, while 17% was designated for a “strategic allocation” that was fully unlocked at launch and allegedly funneled to insider wallets. During an X Space discussion, Coffeezilla confronted the Hawk Tuah team about over $1 million in fees generated from the token and questioned their handling of the situation. He suggested that the sell-off was not merely the result of market snipers but rather linked to insider trading related to the creators’ accounts. Despite the team’s denials, Coffeezilla criticized the launch as one of the worst he has reviewed, labeling the tokenomics as “horrible” and calling for accountability regarding the presale funds, which amounted to approximately $16.69 million. Featured image from Yahoo, chart from TradingView.com
As the cryptocurrency market faces a significant price correction—led by Bitcoin (BTC) and Ethereum (ETH), which have retraced 2.2% and 4.6% respectively—the XRP price shows early signs of a potential explosive surge. Currently trading at $2.21, the XRP price has recorded a nearly 5% gain in the past 24 hours, finding strong support just below its current price. This positions the token favorably for continued upward momentum, particularly since it began an upward trend on November 5, bolstered by President-elect Donald Trump’s re-election. $10.82 Target For The XRP Price Following Historical Patterns Interestingly, analysts are increasingly optimistic about the XRP price, especially considering a key technical indicator: the Bollinger Bands. This volatility indicator, which consists of a moving average and upper and lower bands, is currently tightening on the 12-hour chart. Related Reading: Ethereum To Outpace Solana In 2025, Bitwise CIO Asserts Analyst Steph has noted that the last time the Bollinger Bands exhibited such a pattern, the XRP price experienced a staggering 490% price explosion. If history repeats itself, this could propel XRP to a new all-time high of $10.82, significantly surpassing its previous record of $3.40 set in January 2018, according to the analyst. Adding to the bullish sentiment, another analyst known as Javon on X (formerly Twitter) has pointed out that XRP’s last full bull cycle saw an increase of over 600%. The analyst suggests that if the XRP price performs similarly, it could rise dramatically, potentially exceeding 6,800% to reach approximately $168. This projection hinges on the price moving above the 2.414 Fibonacci Extension level, which was valued at $3,06 during the previous cycle. However, some analysts are adopting a more conservative outlook. Key Levels At $2.42 And $2.92 In Focus DarkDefender has noted a clear break on the daily chart, predicting that the XRP price could retest the $2.42 level before breaking through $2.92. Should it surpass this threshold, targets of $3.43 and $5.85 could be in sight. DarkDefender had recently targeted $2.72, which the XRP price had successfully bounced back from, reaffirming the validity of his analysis. Related Reading: 400 Billion Shiba Inu Moved: Is A SHIB Price Crash Coming? Despite differing views on the potential extent of the surge, consensus among analysts is that the XRP price is likely to reach a new all-time high in the coming months. This optimism is further strengthened by the possibility of regulatory changes under the incoming Trump administration. The President-elect has promised a new regulatory framework for digital assets in the United States, which could pave the way for resolving the prolonged legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) which previously stifled the XRP price, leading to a lengthy period of consolidation. Featured image from DALL-E, chart from TradingView.com
The Dogecoin price has been stuck in a state of correction and consolidation since the first week of December after a crazy multi-week rally that saw it peaking just below the $0.48 price level. Recent price action in the past 24 hours and seven days has been riddled by declines, with the RSI indicator reflecting […]
The Dogecoin trading volume has surged in the last 24 hours, and liquidations have also risen during this period. The surge in these metrics has resulted from the significant price drop for Dogecoin, which is down over 5% in the last 24 hours. Dogecoin Trading Volume And Liquidations Witness Significant Spike CoinMarketCap data shows that Dogecoins’s trading volume is up over 57% in the last 24 hours, with over $6 billion traded during this period. Meanwhile, Coinglass data shows that Dogecoin’s liquidations have crossed $31 million, with $25 million and $5.8 in long and short positions liquidated, respectively. Related Reading: XRP Price Ready To Run To $11 ATH? Alternative Larger Metrics Show The Answer Long positions took the most hit as the Dogecoin price crashed below the $0.4 range. This development came following Jerome Powell’s speech, which painted a bearish picture for the foremost meme coin. As crypto analyst Kevin Capital revealed, Dogecoin’s technical indicators were already bearish, and the macroeconomic fundamentals only did more damage. Powell suggested that the US Federal Reserve will likely pause on the rate cuts next year, which immediately sparked a bearish sentiment among traders and led to a wave of sell-offs. This contributed to the spike in trading volume, as investors looked to offload their coins, considering how the Fed being hawkish is bearish for risk assets like Dogecoin. However, Kevin Capital believes that traders are overreacting to Jerome Powell’s speech. The crypto analyst believes that Dogecoin will recover this price correction, stating that the dip will be bought. However, it is worth mentioning Dogecoin’s correlation with Bitcoin, as Kevin Capital had previously pointed out that DOGE’s next move will depend on BTC. The Bitcoin price has dropped below the $100,000 psychological price level and looks bearish at the moment. As such, the Dogecoin price recovery is unlikely to happen until Bitcoin witnesses a bullish reversal. Increased Volatility Is Not Unusual Crypto analyst Master Kenobi also commented on the Dogecoin price drop, stating that increased volatility at this stage of the bull market is not unusual. However, the analyst suggested that traders should avoid being shaken out and instead hold on to their positions. This came as he claimed that market makers who will inject money into the market would prefer for market participants to walk away with a 90% loss rather than a 10x gain. Related Reading: Cardano Price Eyes Recovery Toward $2 As Million-Dollar Whale Transactions Explode On The Network Bitcoinist recently reported that Dogecoin’s sentiment has turned negative once again, indicating that DOGE holders may be looking to sell their coins even at a loss. Kevin Capital had before now stated that the Dogecoin bull run is far from over, suggesting that there was no need to be bearish at the moment despite the price correction. He advised long-term holders just to sit back and wait for higher prices. At the time of writing, the Dogecoin price is trading at around $0.36, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
A certified Chartered Market Technician (CMT) analyst recently shared a chart discussing the XRP price potential for a bullish surge. Basing his projections on key technical indicators, the analyst believes that the XRP price rally still has a long way to go before it reaches overbought levels. Technical Indicators Signal XRP Price Bullish Reversal CMT-certified […]
Two days ago, a crypto analyst accurately forecasted a Dogecoin price crash, which has since taken place. According to the analyst’s latest projections, Dogecoin is poised for a steeper decline, with an anticipated 30% crash from its current trading price. Analyst Forecasts 30% Price Crash The Dogecoin price has crashed to $0.35, marking a substantial 14% decrease over the past seven days. Earlier this month, Dogecoin was trading above $0.4 after experiencing a sharp rise driven by the positive market sentiment fueled by Donald Trump’s victory in the US Presidential elections. Related Reading: Bitcoin Price Still Mirroring Bullish Move From 2023, What To Expect After Hitting $108,000 ATH A TradingView crypto analyst, known as the ‘MMBTrader’ who accurately predicted Dogecoin’s recent price crash, has now updated his forecasts to warn of further potential declines. The analyst shared a chart, analyzing Dogecoin’s price action and potential future movements. Currently trading above $0.3, the DOGE price is slowly approaching a critical resistance, illuminated by the red zone at the $0.438 level. The red arrow on the chart illustrates a potential short-term correction, set to trigger a Dogecoin price crash to the central support zone near the $0.25 mark. This substantial price drop would indicate a 30% decline from Dogecoin’s current price. Additionally, the analyst suggests that this projected price crash is a retracement, aligning with 0.618, the Fibonacci level indicated on the chart. The TradingView analyst has also revealed that if the Dogecoin price can establish strong support at the $0.25 level, it could confirm a bullish trend continuation. Such a development could pave the way for a potential Dogecoin price rally in the near term. Moving ahead, the green arrows in the analyst’s DOGE price chart represent the next potential phase pump. The analyst has predicted that a solid rebound from the $0.25 support level could trigger a new bullish phase for Dogecoin. Additionally, he projects a new bullish target towards the $0.75 area for Dogecoin, marking a significant leap to new price highs. Overall, the TradingView analyst has pinpointed $0.45 as the level to watch out for. Although a drop to $0.25 would mark a 30% crash for Dogecoin, a potential surge to $0.75 would represent a 115% price increase. Dogecoin Price Breakout To $1 Sighted While Dogecoin faces volatility and declines, Trader Tardigrade, a prominent crypto analyst, has expressed confidence regarding the meme coin’s potential shift to the upside. According to the analyst, Dogecoin is currently moving in a defined range between $0.33 and $0.49, highlighted by the purple rectangle in the price chart. Related Reading: XRP Price Ready To Run To $11 ATH? Alternative Larger Metrics Show The Answer Looking at the chart, this range represents a period of consolidation during which the price of Dogecoin appears to fluctuate between resistance and support zones. The analyst has depicted that a breakout above the range’s upper boundary could continue Dogecoin’s rally to new all-time highs at $1.05. Featured image created with Dall.E, chart from Tradingview.com
The Bitcoin price action in the past 24 hours saw it breaking below the $100,000 price mark again very briefly before breaking above it again. Particularly, Bitcoin’s price action in the past 24 hours has been between $98,839.87 and $105,306, highlighting the potential corrections that could occur as the cryptocurrency continues to edge upwards. This fluctuation comes amid a broader bull market cycle that analysts like CryptoCon suggest is far from over. Bitcoin Crash Below $100,000 Not The End Crypto analyst CryptoCon has been a consistent voice in tracking Bitcoin’s movements using Fibonacci extensions during the current market cycle. Back in August, when Bitcoin was hovering around $60,000, CryptoCon projected a surge to $109,236 by December. This prediction was based on the 0.618 Fibonacci extension and eventually played out with remarkable accuracy. Related Reading: Cardano Price Eyes Recovery Toward $2 As Million-Dollar Whale Transactions Explode On The Network Since first breaking above the $100,000 mark on December 5, this price point has proven to be a psychological barrier and there have been multiple retests since then. Despite this back and forth, Bitcoin enthusiasts remain strongly optimistic, and the Crypto Feat And Greed Index remains in Extreme Greed. As such, the correction in the past 24 hours is viewed by CryptoCon as a minor event in a larger narrative. According to the analyst, Bitcoin’s rise to $109,000 marked just one step in its ongoing journey. The analyst emphasized that corrections, while inevitable, are becoming less significant in the context of the increasingly well-established bull market. “Corrections are an afterthought. That doesn’t mean they won’t come, it just means they’re not important,” CryptoCon said regarding corrections. The Next Target: $166,000 By February 2025 Looking ahead, CryptoCon has turned attention toward the 5.618 Fibonacci extension as the next key milestone in Bitcoin’s ongoing bull market. This projection aligns closely with a price target of approximately $162,000. According to the analyst, this ambitious target could materialize as soon as February 2025, given Bitcoin’s current rate of price growth. Related Reading: Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What’s Next In The Parabolic Trend At present, Bitcoin is trading at $101,600. For the cryptocurrency to reach the $162,000 level, it would need to register another 60% increase from its current price point. CryptoCon does not see the February 2025 target as the conclusion of Bitcoin’s bull run. In fact, the prediction is accompanied by a detailed multi-year chart outlining Bitcoin’s consistent upward trajectory since November 2023. This chart highlights a pattern of steady 52% gains before encountering resistance at Fibonacci extension levels. The path to $162,000 is viewed as one of some price targets before notable corrections. Interestingly, the analysis also hints at an even loftier price target tied to the 6.618 Fibonacci extension level. If Bitcoin were to reach this extreme milestone, it would translate to a price of around $254,100. For now, Bitcoin appears ready for a steady continued growth above $100,000, with corrections in between. Featured image created with Dall.E, chart from Tradingview.com
Sentiment for Ethereum (ETH) has reached its lowest levels in a year as the second-largest crypto by market capitalization struggles to reclaim the $4,000 mark. Despite investors’ sentiment, some analysts suggest that the King of altcoins is about to kickstart its bullish run to new highs. Related Reading: Bitcoin Could Peak Between $160,000 And $290,000 If These Historical Patterns Repeat – Report Ethereum Sentiment Drops To Yearly Low According to crypto analyst Ali Martinez, Ethereum social sentiment has hit a one-year low amid its struggle to turn the $4,000 resistance into support. Per the post, this metric reached its most negative levels since December 18, 2023, when ETH was trading around $2,100-$2,200. The analyst pointed out that this is a “classic bullish indicator,” noting that when sentiment hit “rock bottom” a year ago, ETH’s price rallied around 30% in the following weeks. The cryptocurrency climbed to the $2,700 mark by January 12, a key level in ETH’s rally to the March high of $4,093. If Ethereum followed the same pattern, the cryptocurrency could see a jump to the $4,900-$5,000 price range in the next month, potentially turning the next big resistance level into support in the following two weeks. Martinez explained that the crypto’s rally will resume once ETH clears the $4,100 resistance, a level not seen since December 2021. Once this level is recovered, “$6,000 will become a magnet.” After breaking past the $4,000 mark this month, the second-largest crypto has struggled to turn this level into support. Its latest breakout attempt occurred at the start of the week when Bitcoin (BTC) surpassed its previous ATH. While BTC traded above the $107,000 range, Ethereum surged to $4,100 but quickly retraced to $3,900 before seeing a correction to the $3,800 level. Despite the pullback, ETH still registers gains in the weekly and monthly timeframes, recording a 2.3% and 22.6% increase, respectively. Will ETH Break Past $4,000 This Month? Altcoin Sherpa highlighted that ETH is “roughly at the same spot that BTC was at around 70K,” adding that it hasn’t “materially broken this level for years.” In the last three years, ETH has been rejected from the $4,000 level several times but ran to its all-time high (ATH) when it was held in 2021. If it were to mirror Bitcoin’s performance, the cryptocurrency could see a run to its $4,800 ATH before aiming for its first price discovery target of around $5,000. The analyst also noted that December and January are the “best times” for the Altcoin market’s performance. Similarly, Benjamin Cowen previously highlighted that ETH’s pair against BTC is “still following a familiar pattern” where Ethereum historically finds “renewed strength” between December and January. Related Reading: PNUT Memecoin Drops 10% Following Peanut’s Owner Legal Warning To Binance Nonetheless, Sherpa forecasted that the ETH/BTC pair would likely see one “final shakeout” before going “up for a few weeks/months.” To achieve this, the token must break past its recent 0.041 high. Trader and analyst Skew warned that breaking past the $4,000 resistance will take “even more buying pressure” as this price has “some massive seller continuously topping up supply.” Lastly, he stated that holding the $3,800 level was key to continuing the rally. As of this writing, ETH is trading at $3,874, a 2% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
According to new reports, Dogecoin’s market sentiment has plummeted significantly, turning negative once again as its price consolidates. This bearish trend raises the question of whether it is time for investors to buy or sell off their DOGE tokens to avoid future losses. Dogecoin Market Sentiment Dwindles On Tuesday, crypto analyst Ali Martinez announced on […]
The recent XRP price action has been highlighted by another notable surge that saw it reaching just above $2.7 briefly again after a 9% surge on December 17. Although the XRP price was rejected immediately after reaching this level, it continues to exhibit bullish momentum on the daily timeframe chart. Interestingly, popular crypto analyst and […]
A crypto analyst has shared an XRP price chart, analyzing its action on the 4-hour timeframe while pinpointing key metrics of strength that suggest a possible rally. The analyst has predicted that XRP is preparing for a significant run to $11, marking a new All-Time High (ATH). Key Metrics Suggest XRP Price Set For $11 Surge In an X (formerly Twitter) post on Tuesday, prominent crypto analyst Javon Marks shared key observations of XRP’s price behavior, noting signs of strength through crucial metrics and a potential for a significant price rally to a new ATH at $11. The analyst has suggested that XRP shows clear upward momentum, with a sharp increase visible on the presented price chart. Related Reading: Ethereum Price Crash Incoming? Tron’s Justin Sun Unstakes $209 Million ETH From Lido Finance Looking at the chart, XRP has been breaking recent resistance levels and maintaining bullish momentum. XRP’s strongest resistance at $0.5, which lasted for over three years, was broken earlier in November, jumping above $1 following Donald Trump’s victory in the US Presidential elections. Currently, the XRP price is trading above $2.5, underscoring the massive growth surge it has experienced in less than two months. Marks has revealed that he was keeping a close watch on alternative larger-term metrics for the XRP price that signal a potential surge to new ATHs. The volume bars below the price chart indicate steady buying pressure for XRP, with increasing trading volume during upward trends. Recently, the XRP accumulation trend among large holders has increased significantly. Crypto analyst Ali Martinez revealed via a price chart that whales have purchased a staggering 30 million XRP within the last 24 hours. This increased buying activity reflects the growing confidence in XRP, possibly fueled by the market’s bullish sentiment and expectations of a price rally. At the bottom of the XRP chart shared by Marks, the Relative Strength Index (RSI) illustrates a sharp upward curve, signaling the potential for a bull rally. The RSI appears as a fluctuating black line, clearly reflecting rising momentum. If XRP can sustain its current uptrend, it could surpass its current all-time high of $3.84 set during the 2021 bull market, potentially reaching a new high above $11 in this bull cycle. Update On XRP Analysis The XRP price has been persistently attempting to break through the resistance area at $2.5, aiming to reach new highs. Over the past month, XRP has had an impressive performance, recording a whopping 119.5% price increase. Despite being in consolidation, the cryptocurrency continues to exhibit strong growth, with its price climbing nearly 8% in the last seven days as it attempted to break through key resistance levels. Related Reading: Bitcoin Price Moves Similarly To The Elliot Wave Count From 2017, Why Price Can Jump Another 80% Data from CoinMarketCap has revealed that the XRP price is currently trading at $0.252. The cryptocurrency remains the third largest based on market capitalization after Bitcoin and Ethereum. Additionally, XRP has seen a notable increase in its daily trading volume, surging by 53.72% at the time of writing. Featured image created with Dall.E, chart from Tradingview.com
Crypto analyst Lebicahlz has predicted that the Dogecoin price is set to witness a major explosion, which would send it to new all-time highs (ATHs). The analyst also provided price targets that Dogecoin could reach as it rallies to new highs. Dogecoin Price Set To Reach New ATHs In a TradingView post, Lebicahlz said he […]
The Cardano price has recently rejected around the $1.1 price level. Notably, the past three months have been highlighted by a remarkable Cardano surge that saw it break above $1 for the first time since early 2022 and peak at $1.3 on December 3, 2024. Although Cardano has managed to hold above the $1 mark since then, price action in the past 24 hours has been highlighted by a 3.77% decline alongside the rest of the crypto market. However, on-chain data shows that the decline has given crypto whales another opportunity to double down on their holdings. Surge In Whale Transactions Reflects Continued Confidence In Cardano A surge in whale activity on the Cardano network has brought forward another spirit of accumulation among the holder cohort, with prominent crypto analyst Ali Martinez highlighting the development on the social media platform X. Martinez noted that 687 transactions with a value of at least $1 million were recorded within the past 24 hours, pointing to increasing interest from large investors. Related Reading: Bitcoin Price Moves Similarly To The Elliot Wave Count From 2017, Why Price Can Jump Another 80% According to data from the on-chain analytics platform Santiment, this increase in activity is particularly notable, as the whale activity had been declining since the beginning of December. Particularly, Cardano whale activity declined from about 894 transactions on December 2, just before it reached its current 2024 peak of $1.3, to around 240 transactions between December 8 and December 12. Whale activity is one of the biggest indicators of a network’s performance and its price outlook. Although the whale activity could also point to whales exiting their positions, current market sentiment points to accumulation instead. Furthermore, the increase in whale activity is an indication of continued confidence in the cryptocurrency’s price outlook. The Path To $2: What Lies Ahead For Cardano? As it stands, the recent rejection at $1.11 has seen the Cardano price decline to retest the support at $1. At the time of writing, Cardano (ADA) is trading at $1.03, although there remains a risk of a further move to the downside. Related Reading: Ethereum Price Crash Incoming? Tron’s Justin Sun Unstakes $209 Million ETH From Lido Finance However, the surge in whale transactions is one bullish signal that could send the cryptocurrency on a bounce upwards due to its counterweight action against selling pressure. The next target remains a final break above the $2 threshold, which might still be achievable before the end of the year. Reaching the $2 price target, which is about 94% from its current price level, would require a general bullish sentiment in the wider crypto market. Interestingly, crypto analysts at Changelly have presented a more cautious outlook with a year-end ADA price of $1.15. Nonetheless, Cardano has more than tripled in its value in the past six weeks and it could resume this momentum anytime soon towards $2 if the bulls can continue to hold above the $1 mark. Featured image created with Dall.E, chart from Tradingview.com