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Following the market’s recent corrections, Aptos (APT) has revisited the lows of its Macro Range, hitting a six-month low at the start of February. According to an analyst, the cryptocurrency’s recovery and ongoing retests of this crucial level could lead to a rebound in the following months. Related Reading: Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Aptos Recovers From 6-Month Low Aptos has recovered 24% from the recent market correction, which sent Bitcoin to $91,000 and most cryptocurrencies to monthly lows. On Sunday, the token briefly nosedived 34% from its daily high above $7 to its lowest price since August 2024. Market watcher Daan Crypto Trades noted that APT has been moving within two horizontal levels since its launch. The higher horizontal level ranges from $15 to $17, while the lower zone ranges from around $4.80 to $5.45. During the pullback, Aptos “didn’t quite sweep the August lows” but “held on to that same ~$5 area again,” Daan pointed out. Similarly, Crypto Analyst Rekt Capital analyzed the cryptocurrency’s recent performance, explaining that “APT has now dropped into the Macro Wedge Bottom, holding support there while producing downside wicking below it.” APT’s Macro Wedge Bottom is also the “technical uptrend line dating to early 2023,” which is crucial to maintaining the technical uptrend and the macro market structure in general. Rekt Capital suggests that the cryptocurrency must print Weekly Closed above this line, at around $5.97. However, he noted that, in the monthly timeframe, APT appears to be in a Macro Range. The analyst explains that, in this Macro Range, APT seems to be developing a third cluster, but the price needs to hold the crucial $5.45 support zone to maintain this range and rebound. If the cryptocurrency holds continued stability above this level, it could reverse in the following months, as previous clusters saw “several after three monthly candles at the Range Low.” However, the price could see several retests before a rebound. He pointed out that the previous consolidations included a “downside wicking below support.” APT To Breakout In Three Months? If Aptos reverses, its price must break its 11-month downtrend. According to Rekt Capital’s analysis, a rejection from the downtrend line, followed by a drop to the Range Low, could “spell that the rebounds from the Macro Range Low are getting weaker, signaling weakening support there.” As a result, APT needs a strong rebound from this Macro Range Low “to go against the diminishing returns” that seem to be developing from this range. The 2023 rebound saw Aptos bounce 211% from the range lows before facing resistance near ATH levels, while 2024’s price rebound recorded a 145% jump before retracing from the $13 mark. Related Reading: Memecoins Crowned As ‘Defining Narrative Of 2024’, What’s The Next Key Sector To Watch? This suggests a potential diminishing in returns from the range low, signaling that Aptos must climb 95%, above the $11 resistance, to break out of the downtrend line. The analysis concluded that price stability at $5.45 is vital for the cryptocurrency’s rally, and a Monthly Close above this level is necessary for a future price rebound and retest of the downtrend. As of this writing, APT trades at $5.74, a 23% decrease in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the recent market shakeouts, Bitcoin (BTC) has shown strength, remaining near the crucial $100,000 barrier during its drops. While the flagship cryptocurrency is momentarily expected to continue its horizontal trajectory, some analysts forecast that BTC’s next leg up might start once it reclaims the recently lost key level. Related Reading: Memecoins Crowned As ‘Defining Narrative Of 2024’, What’s The Next Key Sector To Watch? Bitcoin Volatility Lower Than Q1 2024 The post-election pump saw the crypto market jump to new highs, with Bitcoin leading the climb. Two months ago, the flagship cryptocurrency crossed the $100,000 barrier for the first time, hitting $108,000 in mid-December. However, the market has seen several significant shakeouts since then, which has halted investors’ sentiment. Following its December peak, the flagship crypto recorded a 14% retrace, sending its price to the lower zone of its $90,000-$108,000 post-election range. In early January, BTC recorded a similar pullback after reclaiming the $100,000, falling nearly 13% before rebounding. Mid-month, Bitcoin retraced another 10% after hitting its latest all-time high (ATH) of $109,588 but held the $100,000 mark in the following days. However, the most recent correction saw BTC fall 14% from its Friday high of $106,000 and nearly 10% in 24 hours, triggering the largest single-day of crypto liquidations. Despite these retraces, Bitcoin has bounced from the local lows and continues to move within the mid-zone of its post-election range. Market observer Daan Crypto Trades noted that BTC’s volatility has been “relatively low” in the past few weeks, especially compared to the start of 2024. The cryptocurrency saw more violent swings when Bitcoin passed the $70,000 region in March, retracing up to 20% during these corrections. Since then, Volatility has “slowly dwindled” while Bitcoin’s price has been “creeping higher this cycle.” Bitfinex analysts previously noted the cycle’s “unique” conditions that drove the diminishing trend. According to the report, mainstream recognition, institutional adoption, and increasing confidence in the sector have kept BTC’s corrections smaller than past cycles, likely to continue for the rest of the bull run. Is A Takeoff Coming Soon? As BTC’s price continues to move sideways within its range, the flagship crypto looks “much stronger” than most of the market, “still looking perfectly fine when zooming out.” Daan added that “the demand for BTC is just so much higher compared to the rest of the market, especially during times of uncertainty.” However, crypto analyst Miles Deutscher highlighted that BTC’s search interest “is still sitting way below 2021 levels, despite sitting just under $100k.” This suggests that institutions are fueling the Bitcoin bull run while it is “no longer reliant on retail mania to pump BTC prices.” Related Reading: Solana (SOL) $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over? Meanwhile, crypto analyst Jelle stated that Bitcoin is playing out similarly to Q1 2024, listing the “choppy” period, liquidity being taken out, and the Moving Average Convergence Divergence (MACD) retests as “flashing” signals again. This performance preceded the flagship crypto’s breakout to its March 2024 ATH and, if history repeats, could signal a price takeoff soon. Nonetheless, Jelle added that $100,000 remains the level to break and hold before any major price move. Featured Image from Unsplash.com, Chart from TradingView.com

A recent report by market intelligence firm Messari has highlighted an extraordinary performance by Solana (SOL) during the fourth quarter of 2024, characterizing it as potentially the best quarter for any blockchain in history.  Solana Becomes Second-Largest DeFi Network The report reveals a staggering 213% quarter-over-quarter (QoQ) growth in Chain GDP—essentially the total app revenue generated on the Solana network—rising from $268 million in Q3 to an impressive $840 million in Q4. November stood out as the most lucrative month, contributing $367 million to the ecosystem. Related Reading: XRP Price Enters Golden Pocket: Analyst Says It’s A Good Buy At These Levels Among the leading applications driving this revenue surge were Pump.fun, which generated $235 million, marking a 242% QoQ increase, and Photon, which saw even more explosive growth with a 278% increase, bringing in $140 million.  The overall uptick in revenue can be attributed largely to renewed speculation in memecoins and a surge in AI-related cryptocurrencies launched during this period. Solana’s decentralized finance (DeFi) total value locked (TVL) grew by 64% QoQ, reaching $8.6 billion and positioning it as the second-largest DeFi network, surpassing Tron in November.  The DeFi TVL, when expressed in SOL, saw a 28% QoQ increase, totaling 46 million SOL. The average daily spot decentralized exchange (DEX) volume also skyrocketed by 150% QoQ to $3.3 billion, driven by a resurgence in memecoin trading and the rise of AI-themed tokens. In terms of stablecoins, Solana’s market cap grew by 36% QoQ to reach $5.1 billion, making it the fifth-largest stablecoin market among competing networks. The dominance of USDC continued, with its market cap increasing by 53% to $3.9 billion, capturing a 75% market share.  Increased Activity And Speculation The liquid staking rate, which measures the percentage of liquid-staked SOL, rose by 33% to 11.2%, indicating that a significant portion of the eligible SOL supply—66%—is now staked. This growth is crucial for a thriving ecosystem built on yield-bearing SOL. The NFT market also saw a modest increase, with average daily volume rising by 7% QoQ to $2.7 million. Tensor dominated this space, achieving $103 million in volume—a 14% QoQ increase—while Magic Eden experienced a decrease of 28% to $68 million. Network activity metrics reflected robust engagement, with average daily fee payers increasing by 171% QoQ to 5.1 million. The number of new fee payers surged even more dramatically, growing by 189% to 3.8 million. Average daily non-vote transactions rose by 32%, reaching 81.5 million. Interestingly, the average transaction fee saw a notable uptick, increasing by 122% QoQ to $0.05, driven by heightened network activity fueled by speculation regarding a more favorable regulatory environment for cryptocurrencies in the US. Related Reading: Dogecoin $10 Price Target Back In Play? Here’s What The Charts Say Despite these gains, staked SOL experienced a decrease of 5% in Q4, attributed in part to the FTX estate unlocking its tokens. However, SOL’s market cap itself grew by 27% QoQ to $91 billion, peaking at $120 billion in November.  By the end of the quarter, SOL ranked sixth among all cryptocurrencies in market cap, trailing behind Bitcoin (BTC), Ethereum (ETH), Tether’s USDT, XRP, and Binance Coin (BNB). Currently, SOL is trading at $199, down 22% over the last two weeks, amid growing macroeconomic challenges that are having a significant impact on risk assets. Featured image from DALL-E, chart from TradingView.com

The Dogecoin price has recently experienced a notable correction, retracing 34% over the past month to settle at $0.259 as of Tuesday. This marks a substantial decline from its all-time high (ATH) of $0.731, reached in May 2021, putting it currently 64% below that peak.  Despite this downturn, many analysts remain optimistic about the market’s largest memecoin potential for recovery, suggesting that the Dogecoin price could see new highs as the bullish cycle progresses. Dogecoin Price May Reach Next Peak Around April  For instance, crypto analyst Dima Potts took to social media platform X (formerly Twitter) to share his insights on the movements of the Dogecoin price.  Potts indicated that the anticipated pullback has finally occurred and, assuming this pullback stabilizes, the market could be poised to target all-time highs ranging between $1.50 and $2.10.  Related Reading: Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion Nonetheless, Potts emphasized that this Dogecoin price range might act as a significant resistance level for the memecoin, similar to patterns seen in prior market cycles. In a more detailed analysis, Potts noted a historical correlation in the Dogecoin price cycles. He pointed out that the first cycle peaked 1,442 days after its initial high, experiencing a staggering increase of 21,821% from its low point.  The second cycle followed suit, reaching its peak another 1,442 days later, but with an even more dramatic rise of 54,890%. With the cryptocurrency now in its third cycle, Potts speculates that if historical patterns hold true, the Dogecoin price could reach its next peak around the week of April 14th. Analyst Envisions A 154,400% Surge For DOGE Potts is not alone in his bullish outlook. He posited that growing adoption, increasing institutional interest, and ongoing technological improvements could bolster the Dogecoin price performance, potentially allowing it to exceed previous highs.  Related Reading: Why Bitcoin Wins No Matter The Outcome Of Trump’s Trade War His analysis suggests that the memecoin could even reach unprecedented levels above $400 per token, translating to a massive surge of 154,400% in the coming months. However, not all analysts share this optimistic perspective. Technical analyst Grumlin has issued a cautionary note, predicting that the Dogecoin price may dip to the $0.02 level in the near term. This would mean a notable 92% crash for the memecoin Despite this short-term bearish outlook, Grumlin believes that a rebound from an ascending support line is likely, which could set the stage for a subsequent upward breakout. Currently, the memecoin is trading at $0.259, with losses of 21% and 27% on the seven-day and fourteen-day time frames, respectively. It remains to be seen which side will break first and how investors will react to each scenario. Featured image from DALL-E, chart from TradingView.com 

Bitcoin (BTC) and other cryptocurrencies are experiencing renewed selling pressure as escalating trade tensions between the United States and China lead to fresh tariffs on both sides. The largest cryptocurrency dropped to as low as $91,000 on Monday, while major altcoins like Ethereum (ETH) and Solana (SOL) also faced losses. CME Bitcoin Futures Open Interest Drops 4% The most recent installment of tariffs comes after the US enacted a 10% tax on all items from China, leading China to respond with its own tariffs on certain US imports, such as oil and liquefied natural gas, starting February 10.  In another development, China has launched an inquiry into Google LLC over supposed antitrust infringements, intensifying the tension between the two economic giants. Related Reading: Solana Retraces TRUMP Meme Pump Gains – But Technicals Suggest A $300 Run This market turbulence has wiped out the benefits from a short relief rally on Monday, which occurred after the Trump administration decided to postpone tariffs on Mexico and Canada for a month. The weekend’s initial declaration of US tariffs had already triggered a steep drop in cryptocurrency prices. Investor trust in riskier assets has been notably affected, as US investors pulled a net $235 million from a set of 12 Bitcoin-centric exchange-traded funds (ETFs) on Monday. Moreover, open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange (CME) Group Inc.’s derivatives market decreased by 4%, reflecting a more cautious attitude among institutional investors. President Donald Trump, recognized for his pro-crypto position, has unintentionally brought more uncertainty to digital asset markets.  Although cryptocurrencies experienced a rise following Trump’s election, the market now faces a difficult landscape marked by geopolitical strife and regulatory obstacles. Historical Trends Suggest Potential For Deeper Corrections As of this writing, Bitcoin was trading at $98,970, about 13% shy of its all-time high. Meanwhile, US ETFs investing in Ethereum witnessed record trading volumes on Monday, with significant liquidation of leveraged positions rattled by ongoing trade uncertainties.  The iShares Ethereum Trust, led by BlackRock, accounted for nearly half of the $1.5 billion in trading volume among a group of nine ETFs. ETH plummeted by as much as 27% on Monday, leading to over $600 million in liquidations within perpetual futures markets, according to Bloomberg data. Related Reading: TRUMP Coin Tanks 18%—Even Donald Trump Couldn’t Save It Analyzing current price trends, crypto analyst Ali Martinez identified $92,180 as a critical support level for Bitcoin, based on MVRV (Market Value to Realized Value) pricing bands.  If this support level fails, the next target could be $74,400. Despite the recent price correction, Bitcoin traders are still enjoying a profit margin of 3.36%.  Historically, local bottoms have formed when profit margins drop below -12%, suggesting that Bitcoin could have further downside potential before reaching a true bottom. Additionally, the MVRV Momentum indicator has remained in negative territory since the beginning of the year, signaling ongoing market weakness.  Featured image from DALL-E, chart from TradingView.com

As the first month of 2025 comes to an end, Bitcoin (BTC) continues moving within its post-US election price range but nears two historical closing candles. Some analysts weighed in on the market’s state, suggesting that it could be satisfied with good news for the time being. Related Reading: SUI Rally Eyes Double-Digits: VanEck Analyst Forecasts $16 Price By Year-End Bitcoin Near Historical Monthly Candle Despite the recent corrections, Bitcoin has been moving inside the $90,000-$108,000 range since December 2024, consolidating within the mid-zone of its price range for most of this period. Some analysts have pointed out that the flagship crypto has had a decent performance this month, not staying away from the $100,000 mark for long. Moreover, its recent recovery of the $104,000-$105,000 range is setting the stage for a historical monthly and weekly candle. As noted by analyst Rekt Capital, Bitcoin is hours away from closing the month above the $100,000 barrier for the first time and “printing a new Monthly Candle to confirm a breakout from its Monthly Bull Flag.” Additionally, Bitcoin could see a “historic Weekly Close” if it ends the week above $104,416. According to the analyst, similar closes above major weekly resistances at this point of the cycle have historically preceded a “continued upside to new all-time highs.” Nonetheless, Rekt Capital has also pointed out that BTC is most likely preparing for the second leg of its Post-halving Parabolic Phase, which suggests that a new Price Discovery rally could start mid-February. The second leg has historically started around the 16th week of the Parabolic Phase, the analyst explained, while BTC is currently in the 14th week, recovering from the First Price Discovery Correction. Based on this timeline, the flagship crypto is expected to continue gearing up for the rally for another week and a half, and investors are advised to “patiently HODL” BTC. Is The Crypto Market’s Confidence Shaken? Another market watcher noted that Bitcoin has been “stuck in rage for a while now,” adding that he expected to see some bullish momentum after the FOMC news. The trader considers that the lack of significant price movement suggests BTC’s price will “be sideways for the coming few days.” Recently, Aurelie Barthere, Principal Research Analyst at Nansen, weighed in on the market’s current state. Barthere suggested that the market appears to be “satiated for now,” as most of the recent bullish news has been seemingly overlooked. The report highlighted the latest regulatory changes, including the overturn of SAB 121 and the executive order for a US Crypto Stockpile, have been “extremely bullish” and will likely facilitate a wider crypto adoption. Additionally, the Elon Musk-led Department of Government Efficiency (DOGE) is reportedly considering public blockchain to track and manage public expenses. However, the news has been ignored and followed by “underwhelming price action by BTC and the rest of the crypto market.” This suggests that the market is momentarily satiated and “more reactive to negative sentiment than positive news.” Barthere pointed out how the DeepSeek-triggered pullback from Monday bled into the crypto market. Related Reading: Dogwifhat (WIF) Surges 16% Amid Las Vegas Sphere Project Expectation, Breakout Coming? Based on the price and volume action right after the shakeout, the analyst noticed “that ‘buyers’ confidence has been somewhat shaken,” resulting in an initially timid recovery. Nonetheless, unlike other higher-beta tokens, Bitcoin had a shallow and brief intra-day sell-off on Monday, which “shows an interesting level of ‘dispersion’ between tokens, with BTC still the darling token of this new, policy-driven, market environment.” Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin price has regained upward traction, trading back above $105,000 after a temporary dip below $104,000 earlier today. This 1.2% increase over the past hour reflects renewed optimism in the market. Amid this price performance, Crypto Dan, a CryptoQuant analyst has shared his analysis of on-chain data and market behaviors that may shape Bitcoin’s trajectory in the weeks and months ahead. Related Reading: Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K – What This Means Bitcoin Bullish Market But Caution According to Dan, the amount of Bitcoin held for less than six months continues to show notable growth with each market cycle. This trend suggests that as Bitcoin’s appeal widens, new capital inflows—particularly from the expected introduction of Bitcoin spot ETFs—could further drive demand. Dan anticipates that both institutional and retail investors will ramp up their involvement as these ETFs gain traction by the first half of 2025. Additionally, while current indicators remain bullish, Crypto Dan warns that surging interest in Bitcoin and altcoins, paired with an influx of new investors, could signal that the current cycle may be nearing its peak. If Bitcoin pushes through its all-time high with significant momentum, and altcoins follow suit, it could trigger a wave of inflows that may mark the cycle’s final stages. Dan advises investors to start considering risk management strategies. The Crypto Market Remains Bullish… But It’s Time for Caution “If Bitcoin breaks through its all-time high with strong momentum and altcoins follow suit, triggering a wave of new investor inflows, it may indicate that the end of the cycle is approaching.” – By @DanCoinInvestor… pic.twitter.com/NvKB8Ly1DE — CryptoQuant.com (@cryptoquant_com) January 31, 2025 Diverging Inflows from Retail and Whales This cautionary note is reinforced by observations from another CryptoQuant analyst, Darkfost, who highlights a discrepancy in the behavior of retail investors and whales. According to recent Binance data, retail investors have significantly increased their BTC deposits over the past month, with inflows reaching approximately 6,000 BTC. In contrast, whale activity on Binance has dwindled, with their BTC inflows dropping to around 1,000 BTC—a fourfold decrease. Darkfost notes that retail investors often use exchanges to liquidate their holdings, whereas whales’ reduced inflows suggest they are holding onto their Bitcoin. Related Reading: Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target This contrasting behavior offers insights into broader market sentiment: retail participants appear eager to capitalize on short-term gains, while larger, more established investors maintain a more cautious stance. Historically, following whale behavior rather than retail trends has provided a more reliable signal for long-term market moves. Darkfost highlighted this noting: This is a perfect example of the contrasting behaviors between whales and retail traders and it is often considered a better choice to follow whales rather than retail investors Featured Image created with DALL-E, Chart from TradingView

SUI has jumped 14% in the last 24 hours amid the market recovery. The token is attempting to recover a key support level, which could set the stage for a retest of its latest all-time high (ATH). Following its recovery, an expert at VanEck has forecasted a 300% surge in SUI’s price this year. Related Reading: Dogwifhat (WIF) Surges 16% Amid Las Vegas Sphere Project Expectation, Breakout Coming? SUI Retests Key Support Level The crypto market is moving toward a green end-of-week after a bloody Monday. The correction saw Bitcoin lose the $100,000 zone, and most cryptocurrencies significantly retrace from their January highs. Amid the pullback, SUI lost the $4 support for the first time since December, dropping to its lowest price in over a month. The cryptocurrency has been one of the strongest altcoins this cycle, leading the market throughout the Q2 2024 retraces and Q3 rally. This year, SUI has also risen as one of the leading cryptocurrencies, surging above the $5 barrier for the first time and hitting its latest all-time high (ATH) of $5.36 at the start of the month. Since then, the token has hovered between the $4.05 to $5.20 price range. After Monday’s fall to $3.49, the $4 mark acted as resistance, with the cryptocurrency failing to break past it until today. SUI jumped 9.8% to recover the key support zone, bouncing another 5% to $4.2 on Thursday morning. Crypto analyst Carl Runefelt noted that the token is testing its ascending level again after losing it as support. This ascending line has been a key support level over the last few months but acted as resistance after the recent correction. To turn this line back into support and continue its ascending trajectory, SUI must hold above the $4.18 mark. Reclaiming the ascending line could also propel SUI’s price to retest the $5 barrier. SUI’s Price Eyes Double-Digits This Year Patrick Bush, senior investment analyst at asset manager VanEck, shared his outlook for SUI’s long-term performance in a recent competitive analysis against Aptos (APT), which are often compared. According to the analyst, SUI is set to outperform APT this year due to the Network’s advantages, efficiency, and scaling potential, which has translated into a better-priced DeFi ecosystem to market makers: We believe the evidence supports Sui over Aptos due to its performance advantages and scaling potential. We find that It currently offers capabilities that are not replicated in Aptos. Among these are Local Fee Markets, Pilot Fish, and Fast Path. Additionally, Sui may offer a set of technical capabilities and economics that prove more attractive to market markers, resulting in a better-priced DeFi ecosystem. The analysis underscores that SUI’s attractiveness has drawn token investors and application builders, resulting in a better token performance and a more vibrant ecosystem. Related Reading: Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away Bush also pointed out that the cryptocurrency leads in retail investment: “In Fact, in the last 90 days, global search interest for Sui was higher than it was for Solana on 17 days and higher than Ethereum on 16 days,” he noted. The analyst projected the token to reach a market capitalization of $61 billion by the end of 2025, which would see the price rising to around $16, a 300% increase from the current range. As of this writing, SUI trades at $4.13, a 14% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

On Wednesday, Dogwifhat (WIF) led the crypto market with a 16% surge to $1.37, becoming one of the best-performing cryptocurrencies in the last 24 hours. The token swam against the current as most of the top memecoins recorded red numbers, leading analysts to suggest a possible breakout for the token. Related Reading: Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away Las Vegas Sphere About To Be WIF Hat Dogwifhat has recovered from yesterday’s drop below the $1 mark following its team’s tease of the long-awaited Las Vegas Sphere project. On Tuesday night, the official Dogwifhat X account shared a picture of its mascot in Las Vegas. The image included the cute dog with the Las Vegas Sphere as its hat and an old Nokia phone with “01.2025” on its screen. Additionally, the account stated that the “hat stays on,” explaining that dates will be shared “as soon as we are allowed.” The bullish tease propelled the token back to its recently lost support of $1.30 and reignited the broader community’s interest in the memecoin. WIF became the memecoin sensation of 2024, reaching an all-time high of $4.88 last March. The token also led the memecoin narrative during Q2 and recovered some of its early glory during the December pump. However, WIF’s spotlight was eclipsed by the oversaturated memecoin sector and the rise of many other market sensations like PNUT and CHILL, dropping 40% in the last six months and 75% from its ATH. During its 2,000% growth phase, many crypto investors put their hats on, which prompted a massive fundraising campaign to display the memecoin in the Las Vegas Sphere, the world’s largest LED screen, for a week. The community raised $700,000 to achieve this dream but was left in the dark over the last several months. In July 2024, many investors expressed concern and frustration about the project after Crypto.com displayed Bitcoin’s logo on the Sphere. Some community members questioned the project, calling the initiative an alleged scam. However, the organizer repeatedly assured the WIF community that they were working to make “wif on Sphere” happen soon. Is the Dogwifhat Bottom In? Crypto analyst Altcoin Sherpa shared his outlook on WIF’s recent performance. He suggested that the pump doesn’t seem “actually real/sustainable” based on the “overall chart/market conditions.” However, he considers that if Dogwifhat shows some consolidation above the $1.23 mark, it could see another leg up. Meanwhile, crypto trader Bluntz stated that its current levels could potentially be WIF’s bottom. According to the post, “the major A wave has now been swept” and there are some “nice signs of life forming” in the lower timeframes despite the retrace lasting longer than he anticipated. The trader previously forecasted an “inevitable” fall to the $1 range, arguing that WIF was headed for a large retrace before the next parabolic run, which could lead to a new ATH. Related Reading: ‘No Need To Panic’: Cardano (ADA) Holding Key Level Despite 14% Drop After the recent performance, Bluntz warned that it is a “very early day, and we haven’t seen a 5-wave rise from the lows ‘yet’, but I think there’s a decent chance one has begun to form.” Another market watcher also pointed out a one-month falling wedge pattern on WIF’s chart, which targets $1.90 at a “minimum and quickly” if the memecoin breaks out of the upper downtrend line at around $1.40. As of this writing, dogwifhat trades at $1.21, a 14.4% surge in the daily timeframe. Featured Image from X.com, Chart from TradingView.com

After starting the week with a red Monday, Bitcoin (BTC) has recovered the $100,000 zone, registering a 4% recovery from yesterday’s lows. Following its recovery, some crypto analysts suggested that BTC could be getting ready for a February pump. Related Reading: ‘No Need To Panic’: Cardano (ADA) Holding Key Level Despite 14% Drop Choppy January, Double-Digit February? On Monday, the crypto market suffered a shakeout generated by the broader sell-off ignited by DeepSeek’s Artificial Intelligence (AI) news. Altcoins like Ethereum (ETH) and Solana (SOL) fell 8.4% and 15%, respectively, while Bitcoin dropped 5%. The flagship cryptocurrency fell below the $100,000 mark for the first time in over a week, dipping to $98,000 on Monday. However, it has experienced a strong rebound, recovering the crucial support zone as the day ended. After surging to $102,000 on Tuesday morning, Bitcoin has been unable to reclaim $103,000, moving sideways within the $102,000-$102,990 price range throughout the day. Trader Daan Crypto noted that Bitcoin continued moving in the mid-zone of its post-election range despite the drop. “Right back into the high-volume area within this range. Doesn’t seem like the $100K mark is left behind so easily just yet,” he wrote. Daan considers that as long as Bitcoin doesn’t break below or above $90,000 or $108,000, the price will continue with its “decent but choppy” performance. However, he suggested that Bitcoin could have a better price action next month based on its historical performance. The trader points out that February has been historically BTC’s second-best month, only behind October. In the last 12 years, Bitcoin has seen a green performance during this month 10 times, registering up to 61% monthly return, according to CloinGlass data. Similarly, Rekt Capital stated that in its post-halving years, Bitcoin saw a double-digit profit in February, with 61% in 2013, 23% in 2017, and 36% in 2021. The analysts added that “8 out of the past 12 February dating back to 2013 have produced double-digit upside.” Bitcoin Next Leg Up Coming Soon Rekt Capital also considers that BTC is preparing for its next leg up. The analyst explained that Bitcoin completed its first post-halving Price Discovery Uptrend and first Price Discovery Uptrend Correction. This suggests that BTC “should be able to embark on its second Price Discovery Uptrend to new highs” in the next two weeks. According to Rekt Capital, the second phase historically starts during week 16 of Bitcoin’s Parabolic Phase, with Bitcoin currently starting the 14th week. “In Week 14 of the 2017 cycle, Bitcoin was recovering from its first Price Discovery Correction only to make new highs in Week 16 In Week 14 of the 2021 cycle, Bitcoin was still just bottoming on its first Price Discovery Correction only to make new highs in Week 16,” the analyst detailed. Related Reading: Tuttle Capital Files For 10 Leveraged Crypto ETFs Including TRUMP And Cardano As a result, Rekt Capital suggests investor “Patienlly HODL” for the next two weeks, as “confirmation Of The 2nd Price Discovery Uptrend” is set to start next month. Moreover, Bitcoin’s Monday close above $101,200 developed a “new early-stage Higher Low,” which could see the price “consolidate further here to as high as the Range High at $106,200” if it continues to hold above this level. Featured Image from Unsplash.com, Chart from TradingView.com

In the past day, Cardano (ADA) has seen a 14% retrace amid the crypto market’s pullback. The cryptocurrency recently saw its price lose the $1 mark, descending below $0.90 on Monday morning. Despite the drop, some market watchers shared a positive outlook for ADA, asserting that a rebound to $1.30 could be around the corner. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ Cardano Holds Key Higher Timeframe Support Cardano, alongside the rest of the market, ended the week with a Sunday bleeding, registering seven consecutive red candles yesterday afternoon. The market pullback continued Monday morning, with Bitcoin (BTC) losing the $100,000 support for the first time in over a week. As the market correction persisted, ADA’s price lost the $0.90 support, hovering between the $0.85-$0.89 range before recovering. Almost two weeks ago, Cardano bounced from the $0.90 support to reclaim the $1 resistance. During this jump, the cryptocurrency surged to its 2025 high but failed to break past the $1.18 resistance level, sending ADA into a downtrend. Since then, the altcoin has failed to turn the $1 resistance into support, hovering between $0.95-$1.02. The recent drop sent Cardano to a two-week low price and back to its end-of-year range of $0.83-$0.95. Nonetheless, the cryptocurrency’s price remains above crucial levels, as some market watchers noted. AMCrypto highlighted that after its 5% recovery from today’s low, ADA was back to its 2-day support level. To the analyst, there is “no need to panic” if Cardano holds the $0.80 support zone. This zone was 2024’s Q1 high, and it has served as a key higher timeframe level, fueling the altcoin’s rally once it has been turned into support in 2021 and late 2024. AMCrypto noted that “For alts to retest major support levels during a bull run is a good sign.” ADA To Reclaim $1 Soon? Other analysts shared similar predictions, suggesting that Cardano’s run would be determined by its next price move. Carl Runefelt stated that “despite the market correction, ADA is still holding on to this massive bullish pennant.” The analyst pointed out that ADA’s chart displays a 2-month bullish formation that targets $1.9 if it breaks out. However, he noted that the first target is the local top of $1.30. Runefelt explained that “if the support holds, we could see a bullish breakout at some point.” Meanwhile, ADA trader Sebastian considers that Cardano needs to close the day above $0.95. He stated it “would be amazing for ADA if this last daily candle turns green” and closes within the symmetrical triangle. Related Reading: Ready To Rocket? Dogecoin Chart Hints At Major Gains Ahead Previously, Sebastian noted that ADA’s “painful consolidation might soon be over,” as the cryptocurrency was “running out of space within this symmetrical triangle and might break out soon.” To the trader, If Cardano gets “back in the chart,” then the recent breakdown will “be busted and will likely result in a pump to the upside.” As of this writing, ADA is trading at $0.90, an 8% decline in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com

As January draws to a close, the cryptocurrency market has experienced a significant downturn, with Bitcoin (BTC) and other digital assets suffering losses attributed to a broader sell-off in the technology sector.  Bitcoin’s price fell 3% to $101,400, with earlier lows reaching $97,750. The CoinDesk 20 index, which tracks a weighted average of various cryptocurrencies, recorded a 7% decline, reflecting the overall market’s cooling after reaching record highs earlier this month. Nasdaq Drops Over 3% As DeepSeek’s AI Advances Raise Concerns The tech-heavy Nasdaq composite index also faced a downturn, dropping over 3%, influenced by concerns stemming from a Chinese startup, DeepSeek.  The company recently announced the development of a competitive artificial intelligence model at a fraction of the cost of existing solutions, raising alarms about potential shifts in US dominance in artificial intelligence (AI) technology.  Related Reading: Ready To Rocket? Dogecoin Chart Hints At Major Gains Ahead This news has sparked fears regarding Big Tech’s spending on artificial intelligence models and data centers, further exacerbating the sell-off in tech stocks in the United States market. In premarket trading, shares of major cryptocurrency exchanges like Coinbase and MicroStrategy fell about 2% each. Bitcoin mining companies took even larger hits; Core Scientific saw its shares plummet by 21%, while Terawulf and Iren (formerly Iris Energy) lost 16%.  The correlation between the cryptocurrency market and the tech sector remains strong, as noted by Standard Chartered analyst Geoff Kendrick, who pointed out that Bitcoin is currently more closely aligned with movements in the Nasdaq than with traditional safe-haven assets like gold. Long Liquidations Hit Bitcoin Traders The market’s volatility was further driven by significant liquidations among traders who had bet against a downturn. Over the past 24 hours, more than $250 million in long liquidations occurred, forcing leveraged traders to sell their Bitcoin holdings to cover losses.  This wave of selling coincided with a mixed market reaction to President Donald Trump’s recent executive order on cryptocurrency, which had generated anticipation in the lead-up to its release but failed to meet all investor expectations. Many traders expressed disappointment that the executive order did not establish a dedicated stockpile of Bitcoin, a term that implies a more passive approach to holding assets, rather than an active strategy of regular purchases.  Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ Kendrick emphasized that the current market dynamics position digital assets to be particularly vulnerable to sharp sell-offs, regardless of whether the driving force originates from within the crypto space or external markets like tech.  With the uncertainty surrounding the executive order now resolved, the market has shifted its focus to the upcoming Federal Reserve meeting, set to conclude on Wednesday. Market strategist Joel Kruger of LMAX noted that investors are nervously anticipating the Fed’ stance, hoping for a more accommodative approach while fearing that the central bank may not adopt the dovish tone the markets desire.  Despite the recent price declines, Kruger reassured investors that the overall trend in Bitcoin remains positive, stating, “When we look at the Bitcoin chart, there is nothing bearish about the price action.” Featured image from DALL-E, chart from TradingView.com

As Bitcoin (BTC) consolidates above the significant $100,000 milestone, previously a challenging resistance level to breach, market analysts are closely monitoring its potential for further price increases and the possibility of new all-time highs (ATHs).  A critical threshold of $109,000 looms in the near future for the market’s leading cryptocurrency, but the clock may be ticking as experts warn of an impending bear market that could emerge within just three months. Analyst Warns Of Imminent Bear Market For Bitcoin Market expert and technical analyst Ali Martinez raised concerns in a recent social media post on X (formerly Twitter), based on historical patterns observed following Bitcoin’s Halving events.  Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype The analyst suggests that Bitcoin and the broader cryptocurrency market could enter a bear cycle approximately 90 days from now. This prediction is grounded in the cyclical nature of Bitcoin’s price movements, particularly during Halving years, which historically have been followed by significant corrections. As further seen in the chart above, Martinez points out that examining the total days of each BTC Halving cycle reveals a striking resemblance to the previous cycle between 2012 and 2016, which lasted 367 days before entering a bear market.  As of now, Bitcoin and the broader cryptocurrency market is at 276 days into this cycle, suggesting that a downturn may be closer than some investors anticipate. Will Prices Reach $200,000 Before The Drop? Further analysis from Martinez incorporates the Wyckoff Method, a technical analysis framework that identifies market cycles.  According to this method, Bitcoin may be approaching its final leg up before entering the Distribution Phase, a period of consolidation before a price decline.  In this phase, Ali Martinez predicts that the BTC price could trade between $140,000 and $200,000 before experiencing a significant drop back toward the $100,000 level. Related Reading: Ethereum Whales Keep Buying As Price Struggles – Expert Discloses Massive Accumulation But despite these cautionary forecasts, Martinez also notes that there remains potential for growth in the short term. He draws comparisons to the 2015-2018 cycle, asserting that Bitcoin’s price action at this juncture shares striking similarities with that period, which eventually led to parabolic price increases. Additionally, the Mayer Multiple, a metric that gauges Bitcoin’s overbought conditions, is currently being scrutinized. Historically, the Mayer Multiple has indicated market tops when Bitcoin trades above the 2.4 oscillator.  Presently, this level sits near $182,000, suggesting that Bitcoin still has room for growth before reaching a potential market peak this cycle. At the time of writing, the largest cryptocurrency by market cap is trading at $102,900, down over 1.5% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

In a notable change in the crypto regulatory environment, asset managers are regaining confidence in their pursuit of ETFs. Significantly, CoinShares submitted applications for a spot XRP ETF and a Litecoin (LTC) fund, indicating an increasing enthusiasm for altcoin investment offerings. CoinShares Targets Litecoin And XRP ETF CoinShares’ submission arises as the US ETF market is progressively concentrating on cryptocurrency investments, after the approval and resulting success of funds investing in Bitcoin (BTC) and Ethereum (ETH) in 2024. The firm has submitted an S-1 registration statement to the Securities and Exchange Commission (SEC) to launch the XRP ETF, aimed at providing investors with direct exposure to the market’s second largest altcoin.  Related Reading: SAB 122 Is A Bigger Bitcoin Price Catalyst Than The US BTC Reserve Additionally, CoinShares is expanding its offerings by applying for a spot Litecoin ETF, positioning itself as one of the few companies actively exploring altcoin-based ETFs in the US market. On the same day, Grayscale Investments also filed applications with the New York Stock Exchange (NYSE) for both a Solana ETF and a Litecoin ETF, alingning with other firms, including Canary Capital and CoinShares, all seeking regulatory approval for similar products. Skepticism Surrounds Proposed Litecoin ETF Despite the enthusiasm surrounding the XRP ETF filing, the altcoin has shown a mixed response in the market. XRP recently emerged from a nearly three-year consolidation period below the $0.50 mark, boosted by excitement surrounding pro-crypto regulatory shifts under President Donald Trump.  Currently, XRP is experiencing remarkable momentum, boasting a staggering 500% year-to-date gain, trading at approximately $3.10. However, the announcement of CoinShares’ XRP ETF did not significantly impact the token’s price, which remains down 0.4% within a 24-hour period.  Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 On a more critical note, the proposed Litecoin ETF has sparked skepticism among some market experts. Analyst Ali Martinez expressed concerns regarding the viability of a Litecoin ETF, pointing out that the coin has remained stuck in the same price range since 2017, a span of eight years.  The analyst continued to probe the reasoning for initiating a Litecoin ETF when ironic options, like a “USDT ETF,” he claims, might provide more instant advantages such as staking rewards. Featured image from DALL-E, chart from TradingView.com 

After some volatile days, Solana (SOL) has broken out of a three-day downtrend, fueling inventors’ bullish sentiment for its short-term performance. A crypto analyst suggested that SOL might be preparing to surpass $300 soon if a key level is reclaimed. Related Reading: Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch Solana Holds Despite Volatility Solana, the fifth-largest crypto by market capitalization, has performed remarkably over the last week, fueled by US President Donald Trump’s token launch. Last Friday, President Trump launched his official memecoin, TRUMP, on the Solana network after months of speculation and fake launches. The launch kickstarted a three-day crypto market frenzy that propelled TRUMP to an all-time high (ATH) of $75 and a market capitalization of $15 billion. Amid the frenzy, Solana jumped 25% in 24 hours, hitting $270 before climbing another 9.5% to its new ATH of $295.83. Moreover, Solana’s Total Value Locked (TVL) surpassed its 2021 record of $10.02 billion and hit $12.1 billion on Sunday, DeFiLlama data shows. Analyst Rekt Capital noted that Solana needed a weekly close above $250 followed by a possible retest to confirm its breakout from the re-accumulation range. However, the second launch of a Trump-related memecoin sent SOL’s price 12% down, closing the week at $241. On Sunday afternoon, Us First Lady Melania Trump announced her official memecoin, MELANIA, on social media. The token received heavy backlash from the community, and the crypto market saw a 6.6% correction in a few hours, with Bitcoin dipping below momentarily $100,000. Despite the correction, SOL held above the weekend breakout levels, hovering between the $230 to $270 price range over the last three days but failing to hold above $260 for most of this period. SOL Preparing For Jump To $300 On Wednesday, Solana’s price saw a 10% surge to $264 before retracing. Crypto analyst Jelle highlighted that the “SOL hourly chart just looks like it wants another stab at $300 this month.” The analyst pointed out that the cryptocurrency had broken out of its three-day “Post-trump shitcoin launch downtrend,” while indicators like moving averages were “back to bullish.” The post also noted that SOL’s recent performance was trying to reclaim November highs. According to Jelle, the cryptocurrency displays bullish momentum and is “on the edge of entering price discovery” like BTC. He also noted that Solana has turned its previous high against its Ethereum (ETH) trading pair into support. As a result, reclaiming the $260 range could propel SOL’s price to new highs. “Reclaim $264, and all bets are off,” he stated. Similarly, Nebraskangooner shared a positive outlook for Solana, noting that it is “consolidating right at all-time highs… no reason to think this doesn’t melt up from here.” Related Reading: Analyst Says Bitcoin Is Entering Second ‘Price Discovery Uptrend’, What’s Ahead For BTC? Analyst Byzantine General suggested there could be “a bit more chop because we are at OI resistance, but it might have already bottomed out,” but concluded that Solana “looks pretty good” in the short term. As of this writing, SOL is trading at $255, a 2.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Cardano (ADA) has struggled to maintain the bullish momentum it experienced in recent weeks, with its price still trailing approximately 67% below its all-time high of $3.09, reached during the 2021 bull run.  Despite this significant gap, analysts believe that the potential for a robust price recovery exists in the coming weeks and months ahead of the new year. Cardano Consolidates Above Key Moving Averages, Poised For Breakout Trend Rider, a prominent analyst on the social media platform X (formerly Twitter), provided insights on Cardano’s current price action, noting that the price dipped below the parabolic line, indicating a cooling-off period, which occurred just above the $1 mark last week.  However, he emphasized that the Cardano price is consolidating above its moving averages, suggesting it is preparing for a potential breakout while “shaking out weaker hands.”  Related Reading: World Liberty Financial Raises $1B: Trump-Backed Crypto Venture To Extend Token Sales Trend Rider further anticipates a resumption of bullish momentum soon, forecasting that once the Cardano price breaks through the $1.25 resistance level, it could rapidly surge toward the $3 mark, inching closer to its previous record peak. Adding to the optimistic outlook, analyst Ali Martinez pointed out that after experiencing a 44% correction, Cardano began its second leg up during the week of February 1, 2021.  Given that ADA has already undergone a 43% correction recently, the analyst suggests that the next upward movement for ADA could be just two to three weeks away, with a target of $6 in sight. Analysts Identify Key Support And Price Targets Another analyst, AV Sebastian, also weighed in, suggesting that the price recent dip may be over, and that the Cardano price is poised to break out of a triangular pattern. He highlighted the last two candles as particularly bullish and expects a significant rally in the coming days. In analyzing short-term price actions, several analysts noted that ADA is exhibiting a “very bullish market structure” on the daily timeframe. On the chart is observed a double bottom formation leading to a breakout and a V-shaped recovery along a descending channel.  Related Reading: Big Players Bet Big On XRP, Solana With Excitement Around Donald Trump’s Presidency, Here Are The Figures It is further believed that a retest of the key support zone at $1.3886 appears inevitable for ADA’s price in the near-term, which would then lead to price uptrend with a main target of $1.7748. Further support zones have also been identified, with the $0.824 level being crucial to watch early in 2025. Holding this support could unlock significant upside potential, and analysts are eyeing May 2025 as a key timeframe for achieving targets. At the time of writing, ADA was trading at $1.14, up 1.13% for the 24-hour period.  Featured image from DALL-E, chart from TradingView.com

The Financial Times reported on Monday that World Liberty Financial (WLF), the digital asset venture associated with President Donald Trump, has successfully raised $1 billion through its token sales.  Initially launched in October with a goal of selling only 20 billion WLF tokens, the decentralized finance’s (DeFi) venture token surpassed this target by selling 21 billion tokens, demonstrating robust demand despite a rocky start. Eric Trump Champions World Liberty Financial At ‘High-Profile Event’ Per the report, this surge in interest comes as WLF announces the release of an additional 5 billion tokens from its total supply of 100 billion, citing “massive demand and overwhelming interest.”  The Trump family’s foray into the cryptocurrency space has been marked by a blend of enthusiasm and controversy. Over the weekend, both Donald Trump and his wife, Melania, launched their own memecoins, which experienced rapid spikes in value.  Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Eric Trump, actively promoting World Liberty Financial, also attended a “high-profile crypto event” in Washington, celebrating the intersection of politics and digital assets as his father prepares for a new administration. Trump’s embrace of the crypto sector during his election campaign has resonated with industry executives, many of whom anticipate a more favorable regulatory environment compared to the policies of the outgoing Biden administration.  The appointment of crypto-friendly figures, such as Paul Atkins to lead the Securities and Exchange Commission (SEC) and David Sacks as the newly created artificial intelligence (AI) and Crypto Czar, further underscores this potential shift. However, the venture has not been without its critics.  Trump’s Memecoins Spark Controversy Concerns arise over the limited rights associated with WLF tokens, which provide holders with only minimal voting rights and no economic entitlements. Furthermore, the tokens cannot be traded or sold back to WLF, leading to questions about their long-term value and utility. Compounding the intrigue surrounding WLF, notable crypto entrepreneur and TRON blockchain founder Justin Sun recently revealed a significant investment of $45 million into the venture, raising his total stake to $75 million.  The market’s reaction has been volatile, exemplified by Bitcoin’s brief spike to a record high of over $109,000 on Monday, followed by a retraction toward $102,000 after Trump’s inauguration speech.  Analysts now speculate that upcoming executive orders from Trump could bolster the crypto industry’s fortunes in the US, although skepticism lingers among some industry veterans.  Nic Carter, a venture capitalist, articulated concerns about the “ethical implications” of a sitting president engaging in business ventures that could be perceived as “conflicts of interest.” Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next The launch of Trump’s memecoins has also stirred controversy, with the Donald Trump memecoin experiencing a sharp decline from a weekend high of $75 to $52.  Meanwhile, the Melania Trump memecoin, which disrupted the market dynamics of the Donald coin, saw its value fluctuate significantly from a high of $13.64 to $8.43. Bernstein analysts have noted that this “chaotic crypto era” marks a critical juncture, suggesting that government engagement with cryptocurrencies may redefine the relationship between leadership and emerging technologies.  The analysts assert that the launch of Trump and Melania’s memecoins signifies a potential regulatory shift in the country, where digital assets could serve as a direct connection to a mass audience. Featured image from DALL-E, chart from TradingView.com

As the new crypto-friendly administration takes office, crypto investors expect a likely volatile market. However, some analyst shared their bullish predictions as Bitcoin (BTC) hit its latest all-time high (ATH) of $109,000. Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Bitcoin Hits New ATH On Inauguration Day Last week, Bitcoin surged past the $100,000 barrier for the first time in over ten days amid the bullish expectations of January 20. The flagship crypto continued consolidating above this key level over the weekend, fueled by US President Donald Trump’s latest crypto moves. On Friday, the incoming US President surprised the crypto industry by launching his official TRUMP memecoin. The token saw a massive surge, hitting a $75 all-time high (ATH) and a market capitalization of $15 billion but facing significant backlash from the crypto community. As the token eclipsed the market, Bitcoin turned the key $102,000 resistance level as a support zone, propelling the price to a one-month high of $106,000. However, the market saw a 6% correction on Sunday afternoon after the then-incoming First Lady launched her memecoin, MELANIA. BTC dropped below the $100,000 mark before quickly recovering, closing the week near the recently reclaimed level. Ahead of Trump’s inauguration, Bitcoin’s price jumped 8.5% to its new all-time high of $109,588. Daan Crypto Trades noted BTC’s good start to the week after it “opened up with a small CME gap today but closed that straight away and went straight to new all-time highs,” adding that it will be an interesting week. Daan also signaled that today would likely be a “very volatile day in both directions” for the market but advised investors to “focus on what you expect for Q1 and not the next day.” BTC Price To Continue Soaring? Crypto analyst Altcoin Sherpa suggested that BTC’s price could see short-term volatility depending on Trump’s comments during his Inauguration speech. “If a Strategic Bitcoin Reserve is announced, I think BTC puts in a god candle, and everything sends,” he stated, adding that a lack of mention could start a momentary pullback. Despite the potential short-term shakeouts, some analysts highlighted that Bitcoin is entering a new price discovery phase. Rekt Capital stated, “History suggests this first Price Discovery Correction is now over.” According to the analyst, the December retrace was part of BTC’s “post-halving Parabolic Upside Phase.” Bitcoin enters a parabolic period that lasts around 300 days, each cycle after every Halving event, with the first price correction historically beginning between Weeks 6 and 8 of each parabolic phase. Related Reading: Solana Bulls Counter Bearish Pressure To Keep Price Above $240 After the recent price action, the analyst announced the second Price Discovery Uptrend lies ahead. He explained that “Bitcoin is now trying to breakout from its $101k-$106k range Daily Close above the $106k Range High resistance followed by a post-breakout retest would confirm the breakout and bring Bitcoin one step closer to additional Price Discovery.” Analyst Crypto Jelle highlighted BTC’s multi-year cup and handle pattern, which “looks like Bitcoin wants to get it over with.” The analyst suggested that the flagship crypto won’t “be waiting much longer,” adding that the long-term target remains $140,000. As of this writing, Bitcoin trades at $104,564, a 1% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As President-elect Donald Trump prepares for his inauguration on January 20, the crypto community is buzzing with anticipation regarding the potential impact of his administration on digital assets.  Analysts are closely examining which crypto assets may benefit the most during this pivotal period, especially given Trump’s vocal support for making the United States a leader in the crypto space. Market expert Xremlin suggests that Trump’s presidency could usher in a “golden era” for crypto. His analysis focuses on US-founded coins and assets linked to the Trump family, indicating that the inauguration might catalyze significant price movements for certain altcoins.  Notably, Eric Trump has publicly shared his investments in Sui (SUI), Solana (SOL), Ethereum (ETH), and Bitcoin (BTC), suggesting a focus on already established cryptocurrencies. The Leading Crypto Contenders Ethereum (ETH): The analyst shares that Ethereum remains a cornerstone of the crypto ecosystem, known for its smart contract functionality and diverse use cases.  He suggests that as a leading platform for decentralized applications (dApps), its significance in the market is undeniable, making it a staple in any crypto portfolio. Bitcoin (BTC): Often referred to as digital gold, Bitcoin is the most recognized cryptocurrency and serves as a benchmark for the entire market. Xremlin observes its potential inclusion in a US Strategic Bitcoin reserve could further solidify its status and drive additional interest from institutional investors. Solana (SOL): As a US-founded blockchain with a robust user base, Solana has gained attention for its speed and scalability.  Related Reading: Bitcoin Reserve In The US: 65% Chance It Happens In 2025 The analyst speculates that it could soon see the launch of an exchange-traded fund (ETF), which would enhance its visibility and accessibility to mainstream investors. Sui (SUI): Positioned as a direct competitor to Solana, Sui boasts higher transactions per second (TPS) but still lacks a significant user base.  Being US-founded, it reportedly stands to gain from any favorable regulatory developments that may arise during Trump’s administration. World Liberty: Initiated by the Trump family, is another one to watch, according to Xremlin. Although it has yet to launch, its connection to the Trump name could reportedly generate price spikes once it enters the market. Additional Contenders For The “Trump Trade” Beyond the aforementioned digital assets, Xremlin highlights several other US-founded projects are gaining traction and could play a role in the so-called “Trump trade”: Ripple (XRP): Known for its blockchain-based payment protocol, Ripple facilitates real-time cross-border payments, making it a key player for financial institutions.                                                                                  Chainlink (LINK): As a blockchain-agnostic platform, Chainlink connects various chains to major financial institutions, enabling seamless data connectivity and interoperability.                                                                               Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle Ondo (ONDO): This platform bridges traditional financial products like US bonds and treasuries to the blockchain, enhancing accessibility and efficiency in the DeFi space.                                                                  Hedera (HBAR): Governed by a council that includes tech giants like Google and IBM, Hedera is designed for fast and energy-efficient transactions, ensuring stability and transparency.                                                  Stellar (XLM): Focused on facilitating low-cost cross-border payments, Stellar collaborates with companies such as Circle and MoneyGram to integrate blockchain solutions into the U.S. financial system. Featured image from DALL-E, chart from TradingView.com

The Cardano price is targeting a bullish breakout to $6 after experiencing a bounce from its initial 43% downturn. While other cryptocurrencies like XRP and Bitcoin (BTC) recorded massive gains in this bull market, Cardano (ADA) maintained a relatively muted price last year, experiencing significant volatility. Despite this, analysts remain bullish on ADA, emphasizing its potential for a substantial price recovery and a surge to new ATHs.   Cardano Price Targets $6 ATH Ali Martinez, a prominent crypto analyst on X (formerly Twitter), shared a bullish price prediction for Cardano, forecasting a massive surge to $6. The analyst compared the similarities in ADA’s current price movement to historical patterns. He shared two parallel price charts of Cardano depicting its price action from 2018 to 2021 and 2022 to 2025.  Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 In the left chart, ADA traded within a sideways accumulation zone, highlighted by the rectangular box, before experiencing a breakout above $0.14. Following the breakout, Cardano’s price corrected by about 43.6%, a massive decline that pushed its value below the $0.1 mark.  As is often seen among cryptocurrencies, Cardano’s significant price crash established a solid foundation for a notable rally. After its substantial decline, the cryptocurrency initiated a significant price rally, reaching a peak of approximately $3.08. This remarkable price surge represented a gain of over 4,095%.  In the right chart, Martinez identifies a similar sideways accumulation pattern between 2022 and 2023 of this year’s bullish cycle. Following this, Cardano broke out to reach a new price high of $0.8. After this, the altcoin underwent a 42.65%, mirroring the crash in 2021.  Based on the historical fractal, Martinez predicts that Cardano could soon initiate its second leg up, potentially mimicking its impressive price rally in 2021 within the next two to three weeks. As a result, the analyst has set a bullish target for Cardano at above $6, marking a significant gain of 2,220.68%. While historical patterns do not accurately predict future price movements, they can provide insights into market trends, conditions, and other factors. Martinez’s bullish prediction for the Cardano price relies on the assumption that it can repeat similar market behavior and conditions during its 2021 bull rally.  Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue Update On ADA Price Analysis As mentioned earlier, the Cardano price declined severely last year despite bullish sentiment spreading to other altcoins in the market. In the last few weeks, ADA seemed to be recovering from bearish trends, as CoinMarketCap’s data showed a price increase of 16% over the past week. Cardano also experienced notable price gains in the last month, rising by over 10%.  Although its price has reclaimed its $1 mark, ADA’s momentum seems to be fading, as the cryptocurrency has pulled back, recording a decline of 4% over the last 24 hours.  Featured image created with Dall.E, chart from Tradingview.com

As XRP recovers from a notable dip in mid-December, technical analysis signals strong potential for further growth. Currently valued at approximately $3.23, XRP is positioned among the most robust performers in the cryptocurrency market, boasting an impressive 43% gain over the past month.  This price resurgence has propelled the market’s second-largest altcoin to a seven-year high, inching closer to its previous price record of $3.40, set in 2018. Bullish Projections For XRP Price  In a recent social media update on X (Formerly Twitter), market analyst Ali Martinez highlights the significance of XRP’s recent breakout from a month-long consolidation phase between $1.90 and $2.60.  Martinez notes that this price breakout has occurred within a symmetrical triangle pattern on the weekly chart, suggesting an optimistic trajectory for the altcoin. Related Reading: Ethereum Whales Double Holdings To 43% Post-Merge – Details The analyst projects a possible price target of $15 for XRP, which would represent a staggering increase of over 365% from its current valuation. Supporting this bullish outlook, XForceGlobal proposed a range of final targets for XRP, estimating potential prices between $7 and $12, with more ambitious projections reaching $20 to $40 and two potential routes for the altcoin’s price: Slower Route: This scenario anticipates a five-wave minor degree into an intermediate degree wave, followed by a wave 1-2 pullback.  If XRP can manage a controlled pullback in this phase, it would create a favorable environment for further bullish action. While this route may involve a deeper correction, the analyst asserts it ultimately promises the greatest rewards for long-term holders. Faster Route: In this scenario, the current five-wave ascent may already be part of a larger primary wave 5. While this route could still lead XRP to significant price levels around $7 to $12, it also suggests that the bull market may soon reach its conclusion. Expert Warns Of Potential Correction March Despite the optimistic projections, some experts, like Egrag Crypto, caution investors to remain vigilant. Egrag predicts a significant market correction could occur in March 2025.  However, the expert also emphasizes that the Relative Strength Index (RSI) remains bullish, indicating that XRP still has room for growth in the short term. He anticipates that XRP may reach price levels between $4 and $5 before any potential downturn. Related Reading: BNB Price Poised for Gains: Bulls Push for New Highs All around, XRP stands at a pivotal moment, and its journey from here could redefine its standing in the market. Whether through slower or faster routes, the future looks bright for XRP holders, provided they navigate the anticipated volatility with care. At the time of writing, the altcoin is down a slight 1.3% on the 24-hour time frame, trading at $3.23.  Featured image from DALL-E, chart from TradingView.com 

Crypto analyst Tony Severino has provided some insights into the current Bitcoin price action. He revealed that the Bitcoin upper hand has moved above $105,400 and hinted at where the flagship crypto could be heading next. What’s Next For Bitcoin Price As Upper Band Moves Above $105,400? In an X post, Severino revealed that Bitcoin’s upper band is now above $105,400. With this development, he alluded to a previous analysis in which he revealed what could happen once the price breaks above $105,400. In the analysis, the crypto analyst mentioned that things could get interesting once BTC breaks above $105,400. Related Reading: Dogecoin Open Interest Spikes To Nearly $5 Billion – Impact On Price He then predicted that Bitcoin could rally to as high as $170,000. The analyst made this prediction while revealing how BTC witnessed a 90% surge from the wick low at the lower band to the local high. This happened the last time the flagship crypto got a head fake to the lower band before moving to the upper band. Based on this trend, Severino believes the Bitcoin price could record another 90% surge and rally to as high as $170,000. This price target is significant as it could mark the top for the flagship crypto. The crypto analyst mentioned that the cycle top for Bitcoin can be discussed once BTC reaches this $170,000 target. However, market experts like Standard Chartered have suggested that Bitcoin could rally beyond this $170,000 target. The financial institution predicted that a rally to $200,000 by year-end is achievable. Bernstein analysts also described a rally to $200,000 by year-end as conservative, meaning Bitcoin could rally higher.  This bullish outlook for Bitcoin mainly stems from the fact that Donald Trump is set to take office on January 20. The pro-crypto US president-elect is expected to implement a Strategic Bitcoin Reserve for the country, which will boost the flagship crypto’s adoption.   BTC Not Far Away From A New All-Time High  Crypto analyst Rekt Capital has suggested that Bitcoin will soon reach a new all-time high (ATH). In an X post, he stated that BTC is one daily resistance away from breaking out to a new ATH yet again. The crypto analyst added that a daily close above the final resistance followed by a post-breakout retest would be enough to launch the flagship crypto into price discovery.   Until then, Rekt Capital mentioned that Bitcoin would continue to range between $101,000 and $106,000. Crypto analyst Titan of Crypto offered a more optimistic outlook for the BTC, stating that the flagship crypto has started its rally. He remarked that, as anticipated, the crypto has broken through resistance and is now primed for a strong rally.  Related Reading: Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days At the time of writing, Bitcoin was trading at around $103,509, up in the last 24 hours, according to data from CoinMarketCap.  Featured image from Pexels, chart from TradingView

After a red Monday, the crypto market seems to be moving toward a green end of the week, registering an 18.54% increase from this week’s lows. Altcoins have broken out of a bullish formation, fueling investors’ optimism about the upcoming Altseason. Related Reading: XRP Hits Seven-Year High After 16% Surge, Is A New ATH Around The Corner? Altcoins Final Shakeout ‘Completed’ On Friday, the crypto market recovered from its recent correction, with Bitcoin (BTC) reclaiming the $100,000 mark after days of hovering below this resistance level. Similarly, The King of Altcoins, Ethereum (ETH), reclaimed the $3,400 range after dipping below a key support level earlier this week. Other leading altcoins like Solana and XRP have also gained bullish momentum, with the former reclaiming crucial levels and the latter nearing its all-time high (ATH). Notably, the total crypto market capitalization, excluding BTC and ETH, surged 4% in the last 24 hours, hitting its highest point since the December retraces. Altcoins broke out on a three-year downtrend during the November-December rally, surging to $1.1 trillion, its highest market cap since 2021. However, the sector struggled to record significant gains after the end-of-year corrections, dropping around 25% from the post-election highs. Despite the performance, several crypto analysts predicted that Alts would see a bullish start to the year. On Monday, Altcoins fell to its lowest price range in weeks, dipping to a $900 billion market cap, but is now retesting last month’s highs. Amid the current performance, Titan of Crypto suggests that the “final shakeout seems completed.” The analyst previously asserted that the “grand finale” was around the corner, signaling that alts were about to explode. Alts Following Q1 2024 Performance? Recently, the analyst pointed out that a golden cross is “imminent” in the Altcoins chart. According to the post, “It’s only a matter of time before FOMO kicks in,” as 2021’s golden cross, which occurred at the start of that year, kickstarted a massive Altseason. Titan of Crypto added that early 2025 “could echo the explosive Altcoins rally of early 2021,” noting that the crypto market’s performance seemed to resemble its performance from four years ago. Meanwhile, crypto investor Miky Bull noted that Altcoins seems to be repeating its Q1 2024 playbook, which could lead to a “rally déjà vu.” Per the chart, the sector broke out of a multi-month trendline at the end of 2023 before a brief correction period and retest of the new levels. Then, Altcoins exploded at the beginning of Q1 2024, rallying until March, which is “the cogent reason that this Altseason might run till March.” Related Reading: Chainlink ‘Ready To Breakout’: Analyst Eyes $50 Target Amid Whale Accumulation The investor asserted that Altcoins market cap “has just completed its retest Expansion phase in full force loading,” as the crypto market capitalization, excluding the top ten tokens, had broken out of a 42-day accumulation period, which meant that “alts rally will follow.” Similarly, analyst Jelle highlighted that Alts had formed a bullish pennant “right below all-time high resistance,” which could lead to a massive rally once it broke. After the recent surge, Altcoins have broken out of the bullish formation, leaving “price discovery just inches away.” Featured Image from Unsplash.com, Chart from TradingView.com

The market’s leading cryptocurrency, Bitcoin (BTC), has rejoined the crypto rally, gaining momentum on Friday amid reports that President-elect Donald Trump may issue an executive order prioritizing cryptocurrencies as soon as he takes office.  As of the latest data from CoinGecko, Bitcoin surged nearly 5% in the 24-hour time frame, reaching $104,000. The broader cryptocurrency market, represented by the CoinDesk 20 index, also saw an uptick, rising 1% following a 4% increase on Thursday. Excitement Builds Ahead Of Trump’s Executive Orders  This newfound interest in Bitcoin has positively impacted exchange operators, with shares of platforms like Coinbase and Robinhood climbing approximately 5% and 3%, respectively.  Related Reading: BNB Price Poised for Gains: Bulls Push for New Highs According to CNBC, the excitement follows a Bloomberg report indicating that Trump might establish the crypto advisory council he had previously promised, potentially giving the industry a significant voice in his administration.  Discussions surrounding a national Bitcoin stockpile are also part of the anticipated executive order, which is expected to address various aspects of cryptocurrency policy, according to a report by the New York Times. While the prospect of a pro-crypto administration and Congress in 2025 is encouraging for the industry, some Wall Street analysts caution that the full impact may not be felt immediately.  Coins and crypto projects outside of Bitcoin could reportedly benefit the most from clear and supportive regulations, especially as they have been more vulnerable to Securities and Exchange Commission (SEC) lawsuits and perceived banking discrimination under the previous administration.  Analysts Eye Record-Breaking Bitcoin Prices  Bitcoin’s performance has been closely aligned with the stock market this year, following a period of consolidation that began in late December.  This came after Federal Reserve Chair Jerome Powell raised concerns about inflation, a sentiment that has since eased with two favorable inflation reports in January.  Expectations are high that any announcements from the incoming administration next week could propel Bitcoin’s price even higher, potentially setting new records.  Related Reading: Solana ‘Bull Case’ Forecasts $6,636 Price Target By 2030, Crypto Firm Says Analysts believe that the new administration, along with a new SEC chairman, could usher in opportunities for innovation within the cryptocurrency space.  JPMorgan analyst Kenneth Worthington noted that while the environment is promising, the market capitalization of other tokens and lower investor interest may limit the impact of new cryptocurrency products. In a favorable technical development, crypto analyst Ali Martinez recently pointed out that Bitcoin has broken out of a cup-and-handle pattern, a bullish indicator in technical analysis.  This pattern resembles a “cup” followed by a downward trend, or “handle,” which typically signals a buying opportunity. According to Martinez, this suggests a potential upside target of $276,400 for Bitcoin—more than doubling its record high of $108,000 reached at the end of last year. Featured image from DALL-E, chart from TradingView.com 

The XRP price has rallied to its all-time high (ATH) of $3.4, sparking bullish sentiment in the XRP community. This price surge is due to bullish fundamentals, including Donald Trump’s receptiveness to a crypto reserve that would include the coin.  Factors Behind The XRP Rally To Its ATH CoinMarketCap data shows that the XRP price rallied to $3.40 yesterday, a price level that represents its current all-time high (ATH) on some exchanges like Binance and Kraken. This price surge has occurred due to several factors, including a report that Donald Trump is receptive to the idea of an America-first strategic reserve. Related Reading: Bitcoin Price Above $100,000 Renews Hope, Analyst Reveals The Cycle Top As Bitcoinist reported, this initiative would focus on cryptocurrencies that were founded in the US, including XRP, Solana, and USDC. This is bullish for these coins, as it would lead to greater adoption for them. This news already sparked a bullish sentiment among investors, leading to this XRP price surge.  Before now, these investors, especially crypto whales, were accumulating, another factor contributing to the XRP price surge. Bitcoinist reported that this category of investors had bought 1.43 billion coins in two months. This is massive, considering how these accumulation trends always lead to price discovery, which is being witnessed with XRP at the moment.  This accumulation trend looks to have intensified on the news of the potential crypto reserve involving XRP. CoinMarketData shows that the coin’s trading volume has surged by 7% in the last 24 hours, with $24.18 billion traded during this period. This surge in trading volume has also contributed to the XRP price rally.  Meanwhile, it is worth mentioning that the US Securities and Exchange Commission (SEC) filed its opening brief in its appeal against Ripple. However, this development was considered bullish for the XRP price, as the Commission did not dispute Judge Analisa Torres’ ruling that XRP isn’t a security.  Why The Price Surge Is Likely To Continue The XRP price surge will likely continue based on its bullish fundamentals and technicals. From a fundamental perspective, Donald Trump is set to take office on January 20, meaning that this crypto reserve, which will include XRP, could come to life sooner rather than later. Trump’s administration is also bullish for XRP because of the possible emergence of pro-crypto Paul Atkins as the next SEC Chair.  Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes Paul Atkin’s pro-crypto stance has led to predictions that the Commission will likely drop the appeal against Ripple once he takes office. The Commission is also expected to approve the pending XRP ETF applications under Atkins.  From a technical perspective, crypto analysts have also provided a bullish outlook for the XRP price. Crypto analyst CasiTrades predicted that XRP will break its ATH and rally to between $8 and $13.  At the time of writing, the XRP price is trading at around $3.34, up over 7% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

The BONK price movements have brought it close to a critical support level, and its reaction could make or break its price trajectory from there. A detailed technical analysis on the TradingView platform suggests that the cryptocurrency’s current setup could lead to either a bullish breakout to retest its all-time high at $0.00005825 or a further decline below $0.00001497, depending on how price action unfolds in the coming days.  Descending Channel And Double Bottom Pattern For BONK Meme cryptocurrency BONK has largely been trading within a descending channel for the past three months, which has been characterized by the formation of lower highs and lower lows on the daily candlestick timeframe chart. This descending channel pattern kickstarted after BONK reached a new all-time high of $0.00005825 on November 20, 2024.  Related Reading: Bitcoin Traders Turn Bearish Despite Price Recovery Above $97,000, Here Are The Numbers As noted by the analyst on TradingView, the BONK price is currently showing signs of a healthy retracement after rejecting at a lower high within the descending channel. This retracement has now seen the meme coin at a critical support zone around $0.000026 within the descending channel. Interestingly, the retest of this support zone hints at the possibility of a double bottom pattern, as the price chart shows BONK had bounced off this zone on December 20, 2024.  The double bottom is the bullish scenario for the BONK price. However, the analyst highlights that confirmation on lower timeframes is essential for this double-bottom scenario to materialize. Specifically, a bullish Internal Change of Character (I-CHoCH) within the current support zone would signal that buyers are re-entering the market, which would increase the likelihood of a breakout from the descending channel. Key Price Levels To Watch For BONK Price The $0.000026 level is highlighted as a critical support level to keep an eye on in the coming days to see how it eventually plays out for BONK. Should BONK manage a rebound from this level, the first step toward a sustained bullish move would be to break above the upper trendline of the descending channel, which would be anywhere between $0.000030 and $0.000031. Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target Upon confirming the breakout, the analyst identified several resistance levels that BONK would encounter on its path to a new all-time high. These levels include $0.00003657, $0.00004754, and a strong resistance point at $0.00006340. However, the analyst also points out that there remains a risk of further retracement or even panic selling, especially if BONK fails to exhibit bullish confirmations through an I-CHoCH in the lower timeframes. This scenario could cause a break below $0.000026 to reach another strong support zone, where a similar I-CHoCH confirmation would still be necessary to validate a potential bounce. Without these confirmations, the bullish outlook could be invalidated. At the time of writing, BONK is trading at $0.00002863 and is up by 5% in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com

With the Bitcoin price back above $100,000, there have been discussions about what could mark the cycle top for the flagship crypto. Crypto analyst Tony Severino has provided some insights on this, revealing around what price target the market top could be considered.  Potential Cycle Top For The Bitcoin Price In an X post, Tony Severino suggested that the cycle top for the Bitcoin price could be around $170,000. This came as he noted that a 90% surge could take the flagship crypto to this price level. He added that it is at this level that the cycle tops can then be considered, indicating that the BTC top in this cycle would likely be around this range.  Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target The crypto analyst also discussed the current Bitcoin price action. He remarked that a mid-trend re-squeeze can lead to a continuation of the uptrend. Severino added that Bitcoin above $105,000 gets interesting, suggesting that is where the flagship crypto could witness a parabolic rally to a new all-time high (ATH).  Severino alluded to the last time the Bitcoin price got a head fake to the lower band before moving to the upper band. He further remarked that from the wick low at the lower band to the local high was a 90% move. As such, this is why the analyst is confident that Bitcoin could witness another 90% surge to the $170,000 target before the cycle top is in.  Before now, the crypto analyst had also assured that the Bitcoin price is still bullish because of the monthly stochastic oscillator, which is still above 80. The tool is used to measure momentum, and the indicator being above 80 typically suggests strong upward momentum. Historically, the monthly stochastic being above 80 has also led to a continuation of the BTC rally.  Holding $100,000 As Support Is Crucial In an X post, crypto analyst Jelle suggested that the Bitcoin price holding $100,000 as support is the next most crucial step for a continuation of the upward trend. He noted that Bitcoin is pushing into the $100,000 resistance level, which lines up with the local downtrend line as well.  Related Reading: Pundit Says Bitcoin Price Will Break Above $100,000 If This Happens The crypto analyst remarked that he expects a Bitcoin price breakout soon. He also predicts there will be much higher prices once that happens. In another X post, Jelle alluded to Bitcoin’s funding rate, which is currently in the green. In line with this, he asserted that the flagship crypto would run “red-hot” for weeks on end before this bull cycle is over. At the time of writing, the Bitcoin price is trading at around $99,700, up over 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

XRP has hit a new multi-year high after surpassing the $3 mark amid the market recovery. The ongoing rally has fueled investors’ and analysts’ bullish sentiment, suggesting that the race to a new all-time high (ATH) has started. Related Reading: Ethereum Recovers From Drop Below $3,000: Analyst Points At 2021 Rally Similarities XRP Hits $3 After Seven Years XRP has been one of the best-performing cryptocurrencies after the post-election pump, rallying over 450% since November 6. In the past two months, the altcoin has outperformed most of the market, holding above key support zones during the market’s corrections. In December, the cryptocurrency climbed to its multi-year high of $2.9, hovering between the $1.9-$2.7 price range for the rest of the month. Despite the broader market retraces, the altcoin held the range’s lower zone, confirming it as a key support level. Moreover, XRP has traded between the $2.1 and $2.6 levels for the past two weeks, holding above the $2.2 support amid the start-of-year pullbacks. Over the last few days, the cryptocurrency has been attempting a breakout, as some analysts noted. Analyst Carl Runefelt noted that XRP had been retesting the descending resistance of a one-month symmetrical triangle pattern, which targeted a surge to the December highs. On Wednesday, XRP’s price skyrocketed 30% from Monday’s lows to break above the key resistance level and reach a new multi-year high. As Bitcoin reclaimed the $98,00-$99,000 price range, the cryptocurrency soared 17% in the daily timeframe to briefly surpass the $3 barrier for the first time since 2018, trading just 12% below its ATH of $3.4. After the long-awaited milestone, XRP retraced to $2.9 again and is currently testing the resistance level as support. XRP’s Rally To New ATH ‘Just Started’ Analyst Ali Martinez shared that whales have noted XRP’s momentum as the number of large-scale transactions on the XRP network surged. According to the post, the network saw 341 transactions over $1 million in the last 24 hours. Crypto analysis firm Santiment also revealed that wallets holding 1 million to 10 million XRP have continued to accumulate the altcoin. The firm stated that these wallets have added around $3.8 billion in XRP since November 12, marking an increase of 37%. Meanwhile, Crypto trader Miky Bull pointed out that the altcoin has broken out of a multi-year downtrend line against its BTC trading pair. According to the post, the cryptocurrency broke above the trendline during its November breakout and has held above it for the past two months. Related Reading: Bitcoin Daily Close To ‘Dictate The Next Move’, Is Another Price Drop Ahead? Additionally, the trader highlights that, historically, whenever XRP broke out from its downtrend line against BTC, it would kickstart a massive rally to new highs. He suggested that if it were to repeat this behavior, XRP/BTC could be near 0.0004, which would see XRP’s price in double digits. Based on this, Miky added that the altcoin’s next target should be $4, which would represent a 37% increase from current prices. As of this writing, the altcoin is trading at $2.91, an 11% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

On Wednesday, the XRP price surged to its highest valuation in seven years, briefly reaching $3.02 and marking a substantial gain of nearly 30% over the past two weeks.  This impressive performance stands in stark contrast to the broader cryptocurrency market, where major players like Bitcoin (BTC) and Ethereum (ETH) have struggled to maintain upward momentum. Analyst Highlights ‘Massive Bullish Breakout’ For The XRP Price Analysts are now predicting that the XRP price and its upward trajectory may continue, driven by strong buying pressure and positive market sentiment seen during the past month.  Notably, market expert and technical analyst Ali Martinez recently identified in a social media post on X (formerly Twitter) what he describes as a “massive bullish breakout” for the XRP price.  Related Reading: BREAKING: BitMEX Fined $100 Million For US Money-Laundering Violations According to Martinez’s analysis, on-chain data indicates a significant accumulation of XRP coins, with over 1.10 billion tokens purchased in the past week alone.This aggressive buying activity has created a sense of momentum, further supported by technical indicators.  Martinez further highlights that the XRP price has broken out of a bull pennant formation—a classic bullish pattern that suggests further price increases could be on the horizon.  The analyst posits that if the current buying trend persists, the XRP price could potentially reach new all-time highs of $10, significantly exceeding its current record of $3.40 reached in 2018. However, not all indicators are pointing toward unmitigated success.  Martinez also highlighted that the TD Sequential indicator, a popular tool among traders, has flashed a sell signal on the 4-hour chart for the XRP price, suggesting that a price correction in the short-term could be imminent.  The Crucial Hurdle For XRP’s Continued Bullish Momentum Adding to the optimism for XRP holders, another analyst known as Dom has drawn comparisons between the current price action and that of the XRP price in 2017.  Dom’s analysis shows a striking fractal pattern, where XRP spent 25 days in a consolidation phase before experiencing a significant rally.  Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target Currently, XRP has been consolidating for about 30 days, leading Dom to predict a similar bullish breakout could follow, potentially leading to new all-time highs. As of the latest trading, XRP has retraced slightly to around $2.93, attempting to establish this level as support for future gains.  However, the $3 mark remains a formidable resistance level, representing a barrier that has not been surpassed in over seven years. Overcoming this threshold will be critical for XRP to maintain its bullish momentum and for traders to gain confidence in the altcoin’s long-term trajectory. Featured image from DALL-E, chart from TradingView.com

The Bitcoin price has recovered above $97,000, providing a bullish outlook for the flagship crypto. Despite this development, BTC traders still look apprehensive as their strategy suggests they are still bearish on the current price action.  Bitcoin Traders Turn Bearish Following Price Recovery In an X post, crypto analyst Ali Martinez revealed that Bitcoin traders have turned bearish despite the price recovery above $97,000. The crypto analyst mentioned that the percentage of traders on Binance betting BTC will rise has declined from 66.35% to 55.22% over the past 24 hours.  Related Reading: Analyst Says Dogecoin Has Entered Another Bull Cycle, Puts Price Above $20 This development is significant as these Binance traders have a track record of being right most of the time. While most traders (55.22%) are still longing BTC, the decline in those betting on a rise suggests that there is the possibility that the recent price recovery is just a relief bounce and not a bullish reversal.  The Bitcoin price has recovered above $97,000 after dropping to below $90,000 two days ago. This recent rally could pave the way for the flagship crypto to reclaim the psychological $100,000 price level. Crypto analyst Jelle is confident that this could happen soon, as he stated that a price breakout above $97,000 could lead to new highs for Bitcoin.  However, there is still a lot of market uncertainty, which could explain why some of these Bitcoin traders are choosing not to bet on a further rally despite the recent price recovery. Recent macro data have suggested that the Federal Reserve is unlikely to implement as many quantitative easing (QE) policies as compared to last year.  This is bearish for the Bitcoin price since investors could become more skeptical about investing in this risk asset. On the other hand, Donald Trump’s incoming administration provides some optimism for market participants since the US president-elect has promised to create a Strategic Bitcoin Reserve, which would lead to greater adoption of BTC.  BTC’s Market Structure Has Changed Crypto analyst Trader Tardigrade also provided a bullish outlook for the Bitcoin price. In an X post, he stated that Bitcoin has shifted the market structure from a downtrend to an uptrend. He explained that when BTC was in a downtrend with lower highs and lower lows, it created an equal high, signaling a “change of character.” Related Reading: Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next Now, Bitcoin has broken through the resistance to form a higher high. According to Trader Tardigrade, if BTC maintains a higher low at the support/ resistance flip level of $96,000, it could start the bull run again. The analyst’s accompanying chart showed that the flagship crypto could reclaim $100,000 and then rally to new highs.  At the time of writing, the Bitcoin price is trading at around $97,300, up over 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com