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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

Recent technical analysis suggests that the Shiba Inu price may be preparing for a bullish rally, as the second-largest meme coin shows signs of a recovery from a correction phase. With key support levels established, a crypto analyst has projected a new bullish price target for Shiba Inu (SHIB). Shiba Inu Price Targets $0.000033 And Beyond On Tuesday, a TradingView crypto analyst, known as the ‘Real_CryptoRoy’, declared that Shiba Inu is getting ”ready to fly,” highlighting its potential for a significant price recovery to new highs. The analyst believes that Shiba Inu’s first major milestone for 2025 will be a climb above $0.000025, a critical level that would confirm its bullish position.  Related Reading: PEPE Marks Bottom After Scary Market Crash, Enters Wave 3 With Over 500% Promise If this crucial price point is reclaimed, the TradingView analyst suggests it could set the stage for Shiba Inu to retest a new resistance zone at $0.000033. This critical price level is one of Shiba Inu’s recent highs, achieved during a period of explosive growth and heightened demand. The TradingView crypto expert shared a price chart, highlighting that a break of the aforementioned resistance level, accompanied by strong trading volume, could pave the way for future gains and a larger bullish trend that could push Shiba Inu to new price highs.  While he maintains a confident stance on his bullish outlook for Shiba Inu, the analyst has also highlighted the influence of Bitcoin’s price action and dominance on Shiba Inu’s performance. For instance, if Bitcoin remains stable or bullish, it could create favorable conditions for Shiba Inu and other altcoins to rally. Conversely, if Bitcoin turns bearish, Shiba Inu could also experience price declines and volatility.  For mid-term investors, the current price near $0.00002 may present an opportunity to accumulate Shiba Inu at a low cost while watching its movements closely. The analyst has also highlighted the importance of key resistance and support levels, forecasting that Shiba Inu is preparing for a significant recovery.   SHIB Finds Support Amidst Correction   While sharing his bullish forecast for Shiba Inu, the ‘Real_CryptoRoy’ disclosed that the meme coin is currently in a correction phase after crashing 35% from its local high of $0.000033 and consolidating above $0.00002.  Related Reading: Analyst Says Dogecoin Has Entered Another Bull Cycle, Puts Price Above $20 The TradingView analyst revealed that the $0.00002 level was a crucial support zone for Shiba Inucrucial support zone for Shiba Inu, which the meme coin has tested twice. Typically, when a cryptocurrency successfully tests a support level multiple times, it indicates that buyers are stepping in to defend this level and prevent further drawbacks.  This support zone, highlighted by the orange circles on the analyst’s chart, signals a potential local bottom for Shiba Inu. The TradingView crypto expert has noted that Shiba Inu’s present correction phase could present an attractive buying opportunity for investors who aim to capitalize on low prices and potential upward movement. The analyst also pointed out that Shiba Inu’s price performance on the previous day was noteworthy, as it avoided falling below its prior low. Instead, the meme coin established a “higher low”, indicating that selling pressures may be waning and its correction could be nearing its end.  Featured image created with Dall.E, chart from Tradingview.com

Technical analysis of the Bitcoin price chart shows that the leading cryptocurrency is still on the way to breaking above $100,000 in light of a pattern formation on the Bitcoin price chart. Notably, an analyst has pointed to a wedge pattern forming on Bitcoin’s 4-hour candlestick timeframe chart as the precursor to this bullish upside move, while dismissing earlier projections of bearish momentum arising from a head-and-shoulders pattern. The Wedge Formation: A Breakout To $100,000? According to the analysis, which was posted on the TradingView platform, Bitcoin is currently trading within a falling wedge pattern, which is often seen as a bullish chart pattern in technical analysis. This falling wedge analysis outlook arose after the invalidation of a head-and-shoulder pattern that recently threatened to bring a bearish outlook to Bitcoin‘s short-term price action. Related Reading: Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next The crypto analyst dismissed prior concerns over this head-and-shoulders pattern, labeling it as “fake” and has instead reinforced a bullish outlook for Bitcoin. This head-and-shoulders pattern had threatened to send Bitcoin below the $90,000 mark and essentially invalidate a bullish outlook for the leading cryptocurrency. As of now, there is a confirmation of a falling wedge pattern on the Bitcoin price chart. This falling wedge pattern has been in formation since December 17, when Bitcoin reached an all-time high of $108,135. Furthermore, this falling wedge has been highlighted by the formation of lower highs and lower lows, all of which are characteristic of the bullish pattern formation.  Interestingly, recent price action in the past 24 hours has seen Bitcoin inching closer to the upper trendline of the falling wedge. With this formation now confirmed, the only thing left is for a substantial break above the upper trendline, which would send Bitcoin trading above $100,000. Bitcoin Price Now Bitcoin’s price movement over the past 24 hours has exhibited another minor bullish trend after a rebound from the $90,800 support level on January 13. This upward bounce comes after Bitcoin faced mounting pressure over the weekend and briefly threatened to dip below $90,000. Instead, the rebound has pushed Bitcoin’s price upward by 6.8% over the past 48 hours. Related Reading: PEPE Marks Bottom After Scary Market Crash, Enters Wave 3 With Over 500% Promise As of now, Bitcoin is trading at $97,000, edging closer to reclaiming its bullish momentum. The cryptocurrency is just 3% shy of breaking above the upper trendline of the falling wedge pattern and registering what could be the end of the recent price correction. However, current trends in buying activity reveal a notable slowdown in investor participation, and it might reach towards the end of January and the beginning of February before the action of renewed interest begins. Featured image created with Dall.E, chart from Tradingview.com

The Bitcoin price has struggled to break above the $100,000 threshold decisively over the past four weeks, largely fluctuating within the $90,000 to $100,000 range. This correction and lackluster price action have caused a degree of bearish sentiment among traders, with some speculating that Bitcoin might have already reached its peak for the current cycle. […]

As Bitcoin (BTC) navigates a turbulent period marked by increased volatility and a significant correction in cryptocurrency prices, market analyst Lark Davis has shed light on a potentially promising trend.  In a recent post on social media platform X (formerly Twitter), Davis drew parallels between Bitcoin’s current price movements and those observed during the last presidential election cycle, suggesting a potential restoration of confidence in the leading cryptocurrency. Bitcoin Mirrors 2021 Election Cycle Davis highlighted that Bitcoin appears to be mirroring its price action from the previous presidential election and inauguration in 2021.  Related Reading: Ethereum Whales Absorb $1 Million Loss As Market Caution Intensifies The expert presented a chart illustrating three distinct phases that Bitcoin underwent during that time, which may be relevant again as the market approaches the upcoming inauguration of President-elect Donald Trump on January 20. The first phase, which Bitcoin already experienced in November and December 2024, saw a notable rally towards new highs culminating in a peak price of $108,000 on December 17.  Following this initial surge, Bitcoin entered the second phase characterized by what Davis refers to as a “pre-inauguration dump.” Historically, this period has been marked by market corrections as investors react to uncertainties surrounding political transitions.  Currently, Bitcoin seems to be navigating through this phase, with observers closely monitoring its price movements as the inauguration date approaches. Davis anticipates a potential “post-inauguration pump,” reminiscent of the price surge that propelled Bitcoin to an all-time high of $69,000 in 2021. With only days remaining until the inauguration, the market is keenly observing whether this historical pattern will repeat itself in 2025. Market Anticipates Trump’s Inauguration The sentiment around Bitcoin’s future is further buoyed by Trump’s promises to reshape the regulatory environment for cryptocurrencies.  Unlike Biden, whose administration has taken a more cautious approach, Trump has signaled a desire to foster growth within the digital asset space, including plans to establish a Bitcoin stockpile aimed at addressing the national debt, which exceeds $36 trillion. While Lark Davis cautions that history may not repeat itself, he notes that it often “rhymes.” The prospect of increased support for Bitcoin from the incoming administration could serve as a catalyst, propelling the cryptocurrency toward new price highs and entering a phase of price discovery. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ In addition to Davis’s insights, fellow crypto analyst Doctor Profit has also weighed in on Bitcoin’s recent performance. He has expressed optimism about the cryptocurrency’s trajectory, indicating that it is aligning with his previous expectations.  Profit emphasizes the importance of maintaining a daily close above the $95,900 mark, with a breakout above $97,500 necessary for Bitcoin to continue its upward momentum toward the coveted $100,000 threshold. At the time of writing, BTC trades at $97,000, recording gains of 3% in the 24-hour time frame.  Featured image from DALL-E, chart from TradingVew.com

JPMorgan Chase & Co. Analysts have made a significant projection regarding the potential impact of a new wave of exchange-traded funds (ETFs) focused on alternative crypto assets.  Should these funds receive the green light from the US Securities and Exchange Commission (SEC), they could attract inflows of up to $14 billion, marking a notable development in the evolving landscape of cryptocurrency investments. JPMorgan Highlights Growing Interest In Alternative Crypto ETFs The analysts specifically highlighted the anticipated interest in proposed ETFs for Solana and XRP. They estimate that Solana ETFs could draw between $3 billion and $6 billion within six to twelve months post-approval, while XRP funds might see inflows ranging from $4 billion to $8 billion over the same time frame.  Related Reading: Analyst Who Predicted Bitcoin Price Crash To $89,000 Reveals Where BTC Is Headed Next This optimism is grounded in the observed adoption rates of existing spot cryptocurrency ETFs. For context, Bitcoin (BTC) funds currently hold approximately $108 billion in assets, which represents about 6% of Bitcoin’s market capitalization since their introduction a year ago.  Meanwhile, Ethereum (ETH) exchange-traded funds have accumulated $12 billion in just six months, translating to a 3% penetration rate of Ethereum’s market value. While JPMorgan anticipates that Bitcoin will remain the dominant choice for investors, the interest in Solana and XRP underscores a growing diversification within the crypto investment community.  However, the analysts noted that the key question remains: how much demand exists for additional crypto products? They expressed uncertainty about whether the launch of new exchange-traded products (ETPs) will significantly impact the market. Signs Of Industry Growth Post-Trump Election The SEC has recently received numerous applications for funds tracking various cryptocurrencies, including XRP, Solana, and Litecoin. This influx of filings signals a broader industry push to make cryptocurrencies more accessible to retail investors.  In addition, the regulatory landscape has been particularly dynamic in light of the recent election of Donald Trump, who has shifted from being a Bitcoin skeptic to a supporter of digital assets.  His administration has already shown a willingness to align with the interests of the crypto community, notably by appointing Paul Atkins, a proponent of cryptocurrency, as the new SEC chair, replacing the previous chair Gary Gensler, who was more critical of the industry. Related Reading: Chainlink Weekly Chart Looks Promising – If Bulls Reclaim $30 ‘ATH Are Next’ Despite the positive outlook, JPMorgan cautioned that progress on ETFs beyond Bitcoin and Ether may be slow due to the recent change in administration and the ongoing lack of regulatory clarity.  Nevertheless, the analysts remain optimistic, predicting that more exchange-traded fund applications will be submitted—and potentially approved—in 2025. At the time of writing, XRP is trading at $2.67, posting gains of nearly 6% in the 24-hour time frame. Solana, on the other hand, is trading at $188, up 3% in the same time frame. Featured image from DALL-E, chart from TradingView.com 

After Monday’s drop, Ethereum (ETH) fell below key support levels and hit its lowest price since November. Nonetheless, several market watchers remain bullish, predicting a massive rally for the cryptocurrency this quarter. Related Reading: Bitcoin Daily Close To ‘Dictate The Next Move’, Is Another Price Drop Ahead? Ethereum Drops To Two Month Lows Ethereum started the week with a significant correction, falling from the weekend range to its lowest price in two months. Over the weekend, Ethereum hovered between $3,200 and $3,340 after recovering from last week’s lows. Amid this performance, crypto analyst Ali Martinez pointed out that ETH’s most critical resistance was between $3,360 and $3,450, where 4.37 million addresses bought 6.47 million ETH. The analyst also noted that the cryptocurrency’s key support was between the $3,066 and $3,160 price range, where 4.12 million addresses had bought 4.9 million ETH. Ethereum tested this support zone during the December corrections, bouncing from the zone after the pullbacks. However, the king of Altcoins fell below this key support for the first time since November 9, hitting $2,920 on Monday. After the 12% retrace from the weekend highs, ETH tested its post-election breakout level, confirming the $2,900 price range as support. Ethereum quickly bounced from this level, surging 9% to the $3,100-$3,200 range. Crypto investor Miky Bull considers ETH’s recent performance the “perfect setup for a massive reversal.” The trader noted this could be the reversal that leads to a breakout from Ethereum’s inverse head and shoulders pattern. The second-largest cryptocurrency by market capitalization has been forming a multi-month inverse head and shoulder pattern, as noted by several analysts, with its left shoulder formed around the $2,800 price range. Rekt Capital had suggested that “any pullback close to the $3,000 level could see Ethereum develop a right shoulder.” Meanwhile, Miky Bull stated that the bullish setup targeted the $7,000 mark. ETH Resembles 2021 Trajectory Analyst Crypto Bullet pointed out that ETH’s chart resembled its 2021 behavior. The chart shows Ethereum saw a Double Top pattern during its rally over three years ago. Then, the cryptocurrency fell below the key support zone of $3,100, confirming the pattern. However, it reclaimed this level after consolidating for two weeks, which led to the breakout to ETH’s all-time high (ATH). According to the analyst, Ethereum is repeating this pattern after yesterday’s drop, suggesting that the cryptocurrency’s “worst-case scenario” would be hitting ATH levels again. Daan Crypto Traders highlighted ETH’s historical performance during the start of the year, stating that “the percentages ETH does within its first few weeks of the year are pretty crazy.” Related Reading: Ethereum Price Tests Limits: Can It Conquer the Uphill Task? CoinGlass data shows that Ethereum registered mostly negative weekly returns in the first weeks of 2024 but started a 6-week positive streak as February approached. This could suggest that ETH’s negative performance could be reversed in the coming weeks. Nonetheless, Daan advised investors to look at the quarterly returns for a better overview of seasonality. As of this writing, ETH is trading at $3,230, a 3% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

In a recent social media post, market expert VirtualBacon shared seven key predictions that could shape the cryptocurrency landscape in 2025. Central to these predictions is the assertion that Ethereum (ETH) may outshine Bitcoin (BTC) in terms of performance, even as Bitcoin continues to hold a dominant position in the market.  Expert Predicts A New Crypto Bull Run In 2025 With Bitcoin approaching the significant $100,000 mark once again after a sharp correction over the past weeks and altcoin exchange-traded funds (ETFs) on the horizon, the expert believes that the current crypto bull run is only just beginning. Related Reading: XRP Price Dominates: Outperforming Bitcoin With Confidence VirtualBacon poses an intriguing question: Is 2025 the year when cryptocurrencies break all previous records? The anticipation surrounding potential market movements is palpable, especially given the bullish sentiment fueled by Bitcoin’s recent price surge and the impending introduction of altcoin ETFs.  The expert reflects on the previous year’s predictions, noting that Bitcoin reached $80,000, crypto gaming gained traction, and Trump’s return to the political scene significantly boosted market momentum. Looking ahead, VirtualBacon predicts a longer, slower bull cycle extending potentially into the fourth quarter of 2025. This forecast is underpinned by the Federal Reserve’s cautious approach to liquidity, which is expected to mitigate the risks of sudden market crashes.  The likelihood of a recession is projected to drop to 33%, signaling a period of relative stability. Bitcoin’s dominance is anticipated to rise, largely driven by institutional demand, with spot ETFs already holding approximately 5% of Bitcoin’s supply.  While altcoins may lag initially, VirtualBacon asserts that this “slower cycle” is seen as a “blessing,” providing ample time for growth and maturation within the market. Will Ethereum Outperform Bitcoin This Year? One of the most consequential factors influencing the crypto market in 2025 is anticipated massive liquidity injections. The US debt crisis is likely to compel the Federal Reserve to implement quantitative easing, thereby expanding its balance sheet and flooding markets with cash.  Additionally, a revaluation of gold—potentially adjusting from $42 per ounce to around $2,000—could create even more liquidity in the system. Such conditions typically lead to inflation, which is historically associated with rising asset prices, suggesting that cryptocurrencies may thrive in this environment. However, despite these optimistic predictions, VirtualBacon casts doubt on the likelihood of a US Bitcoin Reserve Act passing in 2025. The proposal for the US Treasury to acquire one million Bitcoin over five years faces significant hurdles, particularly in securing taxpayer support for such a massive expenditure.  Related Reading: Cardano (ADA) Under Pressure: Struggles to Reclaim Lost Ground On the regulatory front, VirtualBacon anticipates that pro-crypto legislation may favor altcoins, particularly through the proposed Fit for the 21st Century Act.  This legislation could provide a clearer regulatory framework for cryptocurrencies, designating decentralized tokens like Layer-1 blockchains as commodities under the Commodity Futures Trading Commission (CFTC), while less decentralized assets would fall under the Securities and Exchange Commission (SEC).  With Paul Atkins, a pro-crypto advocate, potentially leading the SEC, major cryptocurrencies may flourish, although smaller startups could face challenges navigating the new landscape, according to the expert. The prediction of altcoin ETFs gaining traction is another exciting prospect for 2025. VirtualBacon expects ETFs for cryptocurrencies such as Litecoin, HBAR, XRP, and Solana to emerge, driven by their unique statuses and pending legal resolutions.  With Ethereum ETFs already drawing institutional interest, a similar pattern could unfold for these altcoins, further accelerating institutional adoption in the crypto market. Perhaps the most captivating prediction is that Ethereum could outperform Bitcoin, potentially doubling Bitcoin’s returns in 2025. With institutional investors increasingly favoring ETH over BTC in recent months, along with historical performance trends favoring Ethereum in the first half of the year, the stage is set for significant growth in the Ethereum ecosystem.  VirtualBacon estimates end-of-year prices of approximately $200,000 for Bitcoin and $14,000 for Ethereum, presenting ambitious yet “potentially attainable targets” given the expected influx of liquidity and institutional support. As of this writing, BTC is trading at $95,840, recording gains of over 4% in the 24-hour time frame. Similarly, ETH is trading at $3,200, recording even higher gains of nearly 6% in the same time frame. Featured image from DALL-E, chart from TradingView.com

According to Cephii, a crypto analyst on X (formerly Twitter), the current Dogecoin price action mirrors the 2021 election inauguration pattern, signaling a potential price surge to new ATHs on the horizon. Despite declining by more than 10% in one week, the Dogecoin price continues to strengthen amidst bearish conditions.  Dogecoin Price To Repeat Election […]

Crypto analyst MadWhale has revealed where the Bitcoin price could be headed next, having correctly predicted the BTC crash to $89,000. The analyst also explained why the flagship crypto’s current outlook is bullish, which could lead to further gains.  Where The Bitcoin Price Is Headed Next  In a TradingView post, MadWhale predicted that the Bitcoin price could record a 17% gain and rally to a new high of $110,000. The analyst explained that the outlook for the crypto market is largely positive. He added that there is again a surge in market volume after the usual holiday lull, which often causes temporary price drips.  Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 MadWhale further remarked that this increase signals renewed interest from investors, which is a bullish sign and could indicate rising prices soon. In line with this, he predicted that the Bitcoin price might be on track to hit new all-time highs (ATHs). From a technical perspective, the analyst noted that the charts show solid support levels. This suggests that upward momentum could continue, leading to this potential gain of 17% for the flagship crypto.  The analyst’s accompanying chart showed that the projected Bitcoin price rally to $110,000 could happen this month. This prediction undoubtedly provides some optimism, considering the recent BTC crash. Bitcoin dropped to as low as $89,000 yesterday amid the uncertainty in the market.  This market uncertainty has been due to developments on the macro side, such as the December jobs data. Following the strong US job data, traders predict there will be only one Fed rate cut this year, which is bearish for the Bitcoin price and the broader crypto market. On the other, Donald Trump’s inauguration provides a bullish outlook for the flagship crypto.  Trump has promised to create a Strategic BTC Reserve, which is bullish for the Bitcoin price, as it could lead to widespread nation-state adoption of the flagship crypto. A Bullish Reversal Is Already In Play Crypto analyst Jelle suggested that a bullish reversal is already in play for the Bitcoin price. He mentioned that Bitcoin took out the main downside liquidity and immediately pushed back above $94,000. The crypto analyst added that the flagship crypto is now running into a resistance at its current level, with the 200-day Exponential Moving Average (EMA) and the level it has been struggling with for a while.  Related Reading: Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do Jelle predicted that a Bitcoin price breakout above $97,000 could lead to new highs for the flagship crypto. In another X post, he stated that BTC is pushing for a breakout from the weekly falling wedge. The crypto analyst added that the target of this formation is roughly $130,000.  At the time of writing, the Bitcoin price is trading at around $96,300, up almost 4% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

Crypto analyst Javon Marks has provided a bullish outlook for Dogecoin, stating that the foremost meme coin has entered another bull phase. The analyst also predicted how high the foremost meme coin could rally in this bull phase.  Dogecoin To Rally Above $20 As It Enters New Bull Cycle In an X post, Javon Marks predicted that Dogecoin could rally above $20, seeing as it looks to be in another bull cycle. The crypto analyst made this ambitious prediction while noting that DOGE has recorded larger runs in every successive cycle.  Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 As such, Marks asserted that Dogecoin could witness a 60x price increase or more from here and rally above $20 if history repeats itself. His accompanying chart showed that DOGE recorded a 90x and 306x increase in the 2017 and 2021 bull runs, respectively. The chart also showed that DOGE is at the stage where it could form a God candle that would set it up to reach this $20 target. Other crypto analysts like Dima James have also predicted that Dogecoin could reach double digits in this bull cycle. James also alluded to historical trends to explain why the foremost meme coin can reach such heights. Meanwhile, analyst Ali Martinez once predicted that DOGE could reach $23 if it reaches the 2.272 Fibonacci level in this cycle.  However, in the short term, the focus will undoubtedly be for Dogecoin to reach its current all-time high (ATH) of $0.73 and then rally to new highs. Crypto analyst Master Kenobi predicted that DOGE could soon rally to its ATH as it eyes a breakout from a symmetrical triangle. The crypto analyst also alluded to Donald Trump’s inauguration on January 20 as a catalyst that could spark this price breakout.  Higher Prices Are Expected In an X post, crypto analyst Kevin Capital asserted that higher prices are expected as long as Dogecoin is above $0.26 and trading in a bullish falling channel, which he highlighted in his accompanying chart. The analyst added that the measured move target of this bullish pattern is $1.30 if DOGE breaks out.  Related Reading: Dogecoin Traders Remain Extremely Bullish Despite Price Crash, Here Are The Numbers The Dogecoin price had recently crashed alongside the broader crypto market. However, these analyses indicate that there is still more room for the foremost meme coin to rally to the upside. In fact, crypto analyst Trader Tardigrade suggested that a bullish reversal could happen sooner than expected.  In an X post, the analyst revealed that Dogecoin is breaking out of a double bottom on the 4-hour chart. The accompanying chart showed that DOGE could first rebound to $0.36 and then possibly reclaim the psychological $0.40 level.  At the time of writing, the Dogecoin price is trading at around $0.34, up almost 5% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

The Cardano price currently finds itself in a risky position, and technical analysis highlights the possibility of a significant price correction. The analysis, conducted on the 4-hour candlestick chart and shared on TradingView, points to a potential 15% decline for the Cardano price in light of a recent break below the Exponential Moving Averages (EMAs). Cardano Price […]

A crypto analyst has called the bottom for Pepe (PEPE), the third-largest meme coin by market capitalization. According to the analyst, Pepe hit its lowest price point for this cycle after experiencing a scary market crash that wiped out most of its 2025 gains. Based on the Elliott Wave theory, Pepe’s price action shows it is entering Wave 3, which the analyst expects will be a bullish turnaround with a 594% promise.  Pepe Hits Market Bottom After Price Crash On January 13, a crypto analyst known as ‘Slick’ announced that Pepe’s market bottom was officially in, signaling a potential turning point from a downtrend. The analyst shared a detailed chart on X (formerly Twitter), analyzing Pepe’s price movement while focusing on wave patterns and Exponential Moving Averages (EMA).  Related Reading: Dogecoin Traders Remain Extremely Bullish Despite Price Crash, Here Are The Numbers The chart divides Pepe’s price action into three waves: 1, 2, and 3. Wave 1 marks an initial rise in Pepe’s price, during which two local tops were achieved. The next phase, Wave 2, highlights two local tops and a corrective period that retraces below the 200-day EMA.  Based on Pepe’s price movements, Slick expects the meme coin to enter Wave 3 soon. He anticipates that this wave could trigger a significant move upwards. Moreover, the analyst pinpoints the 200-day EMA at a critical support level, where each time Pepe’s price corrects to this support, it is labeled as a “fear phase,” underscoring broader market uncertainty.  The two tops pinpointed in Waves 1 and 2 are peaks that mark interim resistance points before a price correction. The Top 1 signals the end of a brief price rally, while the Top 2 showcases a rise to a secondary resistance level.  Interestingly, the analyst has acknowledged that his projection of Pepe’s bottom comes with a 70% certainty. This forecast also aligns with Pepe’s recent massive price crash to new lows. According to data from CoinMarketCap, Pepe experienced a scary decline that eliminated over 26.45% of its value over the past month.  The cryptocurrency is still on a significantly bearish trend, dropping by another 16.20% in the last seven days. Pepe is currently experiencing similar volatility and bearish conditions to most meme coins in the market. Top dogs like Dogecoin and Shiba Inu have fallen by 12.5% and 11.2%, respectively, this past week.  Analyst Forecasts 594% Pepe Price Rally  While commenting on Pepe’s bearish performance and potential market bottom, Slick also presented a silver lining, predicting that a rebound could soon occur. The analyst has set a price and market cap target for Pepe, confidently projecting that the frog-themed meme coin could rise to a 50 billion market capitalization, followed by a significant surge in value.  Related Reading: XRP Price Breaks Out Of Symmetrical Triangle Pattern, Why The Target Is $8 The dotted lines in the price chart indicate the speculative future price action leading to Wave 3. Unlike Waves 1 and 2, which recorded two tops, Wave 3 has only experienced one local top, followed by a decline to the 200-day EMA.  Slick believes that Pepe could experience similar price movements with past waves, where it would reach two local tops before a significant price correction. The analyst has projected that the top 2 in Pepe’s Wave 3 would drive its price as high as 594% to a new bullish target of $0.000118 from its current market price of $0.000017. Featured image created with Dall.E, chart from Tradingview.com

Bitcoin (BTC) started the week in the red, falling to its lowest level in over a month. Amid this performance, some analysts consider BTC’s price will likely see another drop before the flagship crypto aims for new highs. Related Reading: Ethereum Tagged As Crypto’s ‘Most Cursed’ Coin—What’s Haunting It? Bitcoin Needs Daily Close Above $91,000 On Monday, Bitcoin shook off the weekend gains, dropping 5.8% to $90,300, its lowest price since November 18. The flagship crypto ended last week with an overall positive performance, nearing $96,000 and closing Friday above $94,000. This performance was held throughout the weekend, with Bitcoin moving between the $93,700 and $95,900 price range the past two days. This week started with seven straight red 1-hour candles, dropping below $91,000 for the first time since the December 19 correction and dipping lower than the December 5 pullback. However, Bitcoin bounced after dropping below this key level, recovering the recently lost mark. Crypto analyst Rekt Capital stated that BTC’s daily close will dictate the next move, suggesting it needs a close above $91,000 to confirm the reclaim. The analyst explained, “Last week, Bitcoin was deviating beyond the Range High resistance of $101,000. This week, Bitcoin is potentially deviating below the Range Low support of $91,000.” He asserted that BTC closed above the $101,000 range high last Monday but failed to retest it into new support after the breakout, reverting to the $91,000-$101,000 range. For this week, Rekt Capital added that even if Bitcoin closes the day below the $91,000 range low, it will likely need to turn that level into resistance for its price to drop into the $87,000-$91,000 range. Nonetheless, he stated that Bitcoin generally needs to close above this key level to persevere in its current range but noted that “a lot can change through the day.” Is A Dip To $87,000 Coming? Rekt Capital highlighted that BTC’s monthly returns tend to be “patchy and predominately bearish” in January. As CoinGlass data shows, Bitcoin’s performance has been mostly bearish in January. Since 2013, BTC has started the year in red seven times, including 2025’s current performance. According to the post, the market usually “picks up” in February. He added that the higher timeframe levels that are “teasing to be lost as support” are “likely to be reclaimed” in the future. Meanwhile, Altcoin Sherpa considers that “1 last liquidation wick” is due before “we reverse for BTC.” The analyst also suggested that Altcoins are likely to drop another 30%-50% before the Altseason. Similarly, Daan Crypto Trades pointed out that a “bunch of shorts have entered the market in the past few hours.” The trader noted that  “price just keeps slowly dribbling back down” as these positions are usually “punished” when bulls are in control. Related Reading: Solana (SOL) Teeters on the Edge: Is a Steep Decline Next? Daan explained, “At some point, the shorts will have to close out, but they probably won’t do so before pushing the market down further, combined with the spot selling from Coinbase.” And added that “the slow grinds down end in a violent wick, after which shorts take profit, and we see a (local) bottom.” Additionally, the trader highlighted the similarities between BTC’s performance between December 2023 and January 2024 and December 2024 and January 2025. If history were to repeat, Bitcoin’s next move could be a correction to the $87,000 support, followed by a consolidation period in the new range. As of this writing, BTC is trading at $91,700, a 2.9% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

A new Dogecoin price analysis suggests this top meme coin could rise to a new ATH of $10. A crypto market expert, Dima James Potts, attributes this prediction to the 4-year cycle theory, which illustrates parabolic growth during each major cycle.  Dogecoin Price Set Sights On $10 Target On January 11, Potts shared a chart […]

A new bullish target for the XRP price has been set, as a crypto analyst has announced a recent breakout from a Symmetrical Triangle pattern. The analyst has shared a chart showing XRP’s price action on a 3-day timeframe, highlighting key resistance levels that could help propel the cryptocurrency to a bullish target of $8. Symmetrical Triangle To Push XRP Price To $8 According to the TradingView crypto analyst identified by the pseudonym “PlaceUrBetsPlease,” the XRP price is breaking out from a Symmetrical Triangle pattern, suggesting upward momentum. A Symmetrical Triangle is a chart pattern that signals a period of consolidation, showing no clear indication of a bullish or bearish feeling. Related Reading: Bitcoin Bearish Case: Continued Rejection At $100,000 Increases Likelihood Of Breakdown The analyst highlighted key resistance and support levels in his chart, projecting a new ATH target for the XRP price. He emphasized that the cryptocurrency has maintained a price above the weekly support area of $2.21, a critical level reinforcing its bullish position. Currently, XRP is set to retest a new resistance level at $2.35, which the analyst suggests is required to trigger the cryptocurrency’s next upward push. The TradingView market expert has also revealed that after XRP’s breakout from the Symmetrical Triangle pattern, the next move is a massive price surge to $8. The analyst’s projection aligns with Fibonacci extension levels, a technical tool for predicting potential price targets during an uptrend. In the presented chart, he suggested that the price levels at $4 (1.272 Fib), $6 (2.618 Fib), and $7 (3.618 Fib) would serve as potential resistance areas for XRP to overcome and hit a new ATH target of $8. This bullish target corresponds with the 4.236 Fibonacci extension level, marking a 1,500% surge from the initial breakout point.  Notably, the TradingView expert disclosed that his predicted XRP price target of $8 coincides with historical percentage gains observed during previous bull runs. The analyst also notes that XRP’s previous ATH above the $3.32 level, as indicated by the price chart, is within reach. The cryptocurrency achieved its all-time high of $3.84 during its bull rally in 2018, marking one of its most exponential price surges since its inception.  Expect A Pull Back Along The Way While the TradingView analyst remains significantly bullish on XRP’s price outlook, he also cautions about potential pullbacks and market volatility. He warns that investors and traders should be prepared for a possible 10%, 20%, and 30% price pullback as XRP moves towards its predicted target.  Related Reading: Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do While these corrections may delay XRP’s price growth to $8, the analyst has reassured that pullbacks are expected in the cryptocurrency market, especially during strong uptrends. Based on CoinMarketCap’s data, the XRP price is currently trading at $2.45, meaning the cryptocurrency would need to rise by approximately 233% to reach an $8 ATH.  Featured image created with Dall.E, chart from Tradingview.com

The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side. According to a crypto analyst, Bitcoin’s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break to $86,000 from the current price. Massive Liquidity Blocks In Both Directions Bitcoin’s recent price consolidation has given little to no idea of what to expect from here, with the liquidation heatmap also relaying the same trend. As highlighted by crypto analyst Kevin (@Kev_Capital_TA), Bitcoin’s liquidation heatmap relays massive liquidation blocks from $86,000 to $90,000, all the way to $104,000.  Related Reading: Bitcoin Bearish Case: Continued Rejection At $100,000 Increases Likelihood Of Breakdown According to the analyst, these massive liquidation blocks raise the possibility that the Bitcoin price would continue to sweep between these levels and create an up-and-down movement between $86,000 up until $104,000 till the end of the month. However, a break to $86,000 could have a devastating effect on the Bitcoin price. The Bitcoin UTXO Realized Price Distribution (URPD) ATH-Partitioned shows a $12,000 support void below this price point. Therefore, a decline to $86,000 opens up the possibility of a further crash to $75,000. BItcoin’s price action is likely to continue moving in the $86,000 up until $104,000 trading range and a bullish case will only emerge if Bitcoin eventually breaks above $108,000. This level is important because it serves as Bitcoin’s current price peak. A breakout beyond $108,000 would translate to new all-time highs for the leading cryptocurrency and could pave the way for a more sustained bullish trend. The analyst also emphasizes the importance of monitoring USDT dominance, which currently stands at 3.7%. Kevin argues that a clean breakdown of USDT dominance is a necessary signal for a more stable and bullish market environment. A consequence of the less USDT dominance is that investors are converting their stablecoins into Bitcoin and other cryptocurrencies. Logical Approach To The Liquidation Blocks Kevin noted that the logical approach would be to keep an eye on the market during these predicted up-and-down choppy movements. This approach is even more practical for traders who are more involved in recent trades and current price action. Related Reading: Dogecoin Whales Go on 470 Million DOGE Buying Spree Amid Bullish Recovery In Major Metrics On the other hand, traders who have been holding since the bear market lows may find it easier to weather the current volatility, given that the broader bullish outlook projects further price increases throughout 2025. At the time of writing, Bitcoin is trading at $94,050 and is down by 0.5% and 5.46%, respectively, in the past 24 hours.  Featured image created with Dall.E, chart from Tradingview.com

Surprisingly, Dogecoin whales are on a massive buying spree, as new reports show that these large-scale investors have added a whopping 470 million DOGE into their portfolios. This substantial purchase comes amid Dogecoin’s bullish recovery in key metrics, as analysts project a significant push to the upside.  Dogecoin Whales Buy 470 Million DOGE Popular crypto analyst Ali Martinez revealed on X (formerly Twitter) on January 11 that Dogecoin whales have begun accumulating again. Martinez announced the latest DOGE acquisition by these deep-pocketed investors, highlighting that Whales recently bought over 470 million tokens.  Related Reading: Bitcoin Price Unravels 157-Day Fractal Similar To Last Cycle, Why A Surge To $169,000 Is Possible This substantial DOGE purchase, which occurred in the last 48 hours, is valued at approximately 155 million based on current market prices. Such large-scale whale activity often signals a renewed interest in the cryptocurrency, potentially influencing market sentiment and trends. Martinez shared a chart presenting data related to Dogecoin, focusing on the behavior of whales holding assets spanning from 10 million to 100 million DOGE. The shaded area on the chart highlights the cumulative holdings of these wallets owning millions of DOGE.  Around late December 2024, Dogecoin whale holdings were relatively stable but began increasing significantly in early January 2025. CEO, a crypto analyst on X, commented on this surging accumulation trend, highlighting that whales have purchased over 1 billion Dogecoin in the last seven days.  Martinez’s chart also shows that large amounts of Dogecoin were purchased between $0.314 and $0.355. These prices highlight areas where Dogecoin experienced notable volatility and a slight pullback, presenting a buying opportunity for investors. Dogecoin previously surged to new highs above $0.4 in 2024. However, a steep correction pushed its price back towards the $0.3 mark.  Interestingly, the 470 million Dogecoin purchased by whales comes as the cryptocurrency experiences a steady bullish recovery in significant metrics. Crypto analyst Javon Marks disclosed that Dogecoin is forming a new Descending Wedge pattern. Additionally, a market expert on X, identified as ‘Rose Premium Signals,’ has revealed that Dogecoin’s macro charts are signaling a strong bullish structure as it accumulates near key support zones and aligns with long-term Fibonacci levels. DOGE Forms New Descending Wedge Pattern As mentioned earlier, Dogecoin is currently forming a new Descending Wedge pattern, signaling another potential price breakout. Marks stated in his X post that the popular meme coin is well positioned to continue another substantial bullish trend once it breaks out of this Descending Wedge pattern.  Related Reading: Is Dogecoin’s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch A Descending Wedge, also known as a Falling Wedge, is a technical chart pattern that indicates the potential for a price reversal or continuation. It is a bullish pattern that typically occurs during a downtrend, with its completion marked by a breakout above the upper trendline.  Marks predicts that if Dogecoin breaks above the Descending Wedge pattern, it could hit a new ATH soon, reflecting a potential 120% increase. The analyst has revealed that this massive price gain could happen anytime soon, pushing Dogecoin from its current market price of $$0.33 to a new bullish target of $0.739. Featured image created with Dall.E, chart from Tradingview.com

New reports have revealed a massive exodus of Ethereum (ETH) tokens from various crypto exchanges. IntoTheBlock’s on-chain data shows that over $1.4 billion worth of Ethereum has been withdrawn from exchanges. This large-scale ETH outflow marks one of the largest in recent months, signaling a potential shift in investor behavior. Ethereum Exchanges See Massive Outflows IntoTheBlock, a crypto analytics platform, reported that over $1.4 billion worth of Ethereum was recently moved out of crypto exchanges. This large-scale transfer usually occurs when investors buy a cryptocurrency from an exchange and move it to their private wallets rather than storing it on the centralized exchange.  Related Reading: Is Dogecoin’s 30% Decline A Chance To Buy On Discount? Here Is the Pertinent Level To Watch Considering the sheer amount of ETH involved, investors may be planning to hold onto their assets rather than sell them. Data for IntoTheBlock indicates that approximately 74% of ETH investors have been HODLing for over a year, highlighting a widespread trend amongst investors to retain their assets.  The last time Ethereum exchanges experienced outflows at such a high level was in November 2024. At the time, Bitcoin (BTC) and Dogecoin (DOGE) were the highlight of the market, experiencing massive gains following Donald Trump’s win in the United States (US) Presidential elections.  In contrast, Ethereum saw less impressive gains, struggling to break through resistance levels to reach new highs. Given ETH’s current volatility and price fluctuations, it would not be surprising if investors decided to sell off their holdings to prevent potential losses. However, the reverse seems to be the case, as these investors are holding on to their assets, possibly banking on a possible price increase in the future.  Confirming the massive ETH outflows from exchanges, CryptoQuant highlighted a decrease in overall selling pressure in the Ethereum market. The blockchain analytics platform disclosed that while inflows and outflows have increased slightly, net flows stay negative.  IntoTheBlock also shows that inflows have increased by 43.07% over the past week, while outflows have surged by a whopping 57.35%. Ethereum’s large holder netflow remains negative, decreasing by 26.35% over the past week and 47.60% in the last 30 days.  Interestingly, there have also been severe outflows from Ethereum Spot ETFs, with Wu Blockchain revealing that the total net outflow of these ETFs has increased to $68.47 million. Analyst Unveils Bearish Ethereum Price Prediction ‘More Crypto Online (MCO), a crypto community on X, has shared a bleak Ethereum price forecast, projecting a direct decline in line with the third wave of the Elliott Wave theory. According to the analyst, Ethereum will likely remain in its current consolidation phase through the weekend as its Wave 2 unfolds.  Related Reading: Bitcoin Price Unravels 157-Day Fractal Similar To Last Cycle, Why A Surge To $169,000 Is Possible The analyst has presented potential targets for the projected decline in Wave 3, with significant levels at 100%, 123.6%, and 138%. If Ethereum experiences a decline to these degrees, its price could crash to $2,841, $2,660, and $2,555, respectively.  Featured image created with Dall.E, chart from Tradingview.com

Solana (SOL) has seen a 12% retrace from the Monday high, falling to a crucial zone in the last 24 hours. Some analysts remain bullish ahead of Trump’s inauguration, while others have warned that the cryptocurrency’s bullish momentum could be in danger if the current levels are lost. Related Reading: Ethereum: Analyst Says $7,000 Target ‘Is Looming’ As Price Retests Crucial Level Solana Holds Key Support Zone Amid the market retrace, Solana has also lost its New Year highs, falling to its lowest price since the late December retrace. On Monday, SOL registered a 17.3% increase from its yearly opening after retesting the $220 mark. However, its bullish momentum was halted after Bitcoin’s price dropped nearly 8% in 24 hours. After hovering between the $190-$199 prince zone, Solana fell below the zone’s lower range, dropping to its current low of $182 on Thursday. In the last 24 hours, the cryptocurrency bounced above the $190 range before dipping to the $185 support zone again. A crypto investor pointed out that, despite the latest drop, Solana still holds the price target of $325, as it didn’t fall to the previous low of $175. The investor suggested that “as the downtrend is sharp, the uptrend is likely to be sharp as well,” adding that a “V-shaped rebound is likely to occur. The target price may be reached faster than the time shown in that pattern.” Trader Crypto General noted that SOL has tested the previous breakout level during the “much-needed correction.” Ahead of the post-election pump, the $180-$185 zone served as a key resistance level, which was later broken when Solana climbed above $200. Moreover, this level was retested as support during the late December retraces, serving as a bounce zone for the cryptocurrency. Crypto General suggested that the following days will be “very bullish for the market,” citing Trump’s upcoming inauguration as a potential catalyst. With Trump taking the oath, markets are expected to start a parabolic season, taking sol also along with them. My target is around $285. Analyst Warns Of These Levels For SOL Crypto analyst Ali Martinez warned investors about SOL’s current levels, stating that the cryptocurrency “must not break below $180.” A potential drop below this support zone could send Solana into a 20% to 30% decline. Martinez stated that the $150 to $130 range, not seen since September and October, would become “a likely target.” Similarly, analyst Jelle recently stated it would be “Worth keeping an eye on SOL/BTC for the coming weeks.” According to the post, SOL’s trading pair against Bitcoin has been at a key zone, suggesting that Solana should reclaim the 0.0022 level soon to continue its bullish momentum, as it currently sits at 0.0020. Related Reading: Bitcoin Eyes Potential Rebound To $98,600, But Analyst Suggests Caution Meanwhile, another market watcher noted that SOL’s performance during Q1 could be dampened due to “over-saturated positioning, a cooling off of pump fun metas, and the looming FTX SOL unlocks that was sold some time ago and have started unlocking, with the biggest unlock coming in March.” However, he considers that “from Q2 onwards,” Solana will be a “major winner” due to the possible launch of Solana-based exchange-traded funds (ETFs) and the “potential for new Pump.fun metas” reigniting its bull case. Based on this, the analyst predicts that SOL could hit $400-$500 this year. As of this writing, Solana is trading at $191, a 3.3% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Recent price action has seen Dogecoin stuck in a correction path for over a month now, and the meme now finds itself trading just above the $0.3 mark. Particularly, Dogecoin has retraced by about 30% since it reached a recent multi-year peak of $0.48 in early December, and bullish traders are now patiently waiting for the next leg up.  According to technical analysis, Dogecoin’s recent confluence at the $0.3 price level presents an attractive opportunity to load up more of the cryptocurrency before an upward bounce from here. Dogecoin’s $0.3 Support Zone Holds Key Significance The $0.3 price level has emerged as a critical support zone for the meme coin moving forward, with multiple analyses referencing this price point. According to a technical analysis of Dogecoin’s daily candlestick price action on the TradingView platform, this level aligns with historical support zones that have previously served as reliable demand areas during market downturns. The technical appeal of this zone is more notable due to its correlation with broader market sentiment, as the Bitcoin price is currently hovering near its own significant support level. Related Reading: What To Expect After The Bitcoin Price Crash Below $100,000 With this in mind, Dogecoin’s retracement to $0.3 could not only serve as a potential bottom for the current correction but also as a launching pad for the next bullish wave, provided Bitcoin and other market conditions align favorably. Furthermore, it provides traders the opportunity to load up more Dogecoin tokens at a 30% discount and position themselves for maximum gains before the wider crypto market recovers and resumes its upward momentum. Is A Broader Market Recovery On The Horizon? As one of the largest cryptocurrencies, Dogecoin is easily influenced by market dynamics, including things like news updates and Bitcoin’s price action. Particularly, Dogecoin’s upward momentum in the last quarter of 2024 had no reason to be derailed if not for Bitcoin’s failure to hold above the psychological $100,000 price level.    Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Unsurprisingly, on-chain data shows some Dogecoin whale addresses might already be capitalizing on this discount in anticipation of this market-wide recovery. Whale transactions involving Dogecoin recently surged by over 400%. Furthermore, on-chain data from IntoTheBlock shows that Dogecoin’s large transaction volume recently rose to over $60.9 billion in a 24-hour timeframe. At the time of writing, Dogecoin is trading at $0.3328 and is down by about 1.4% in the past 24 hours. The $0.3 price level remains a pertinent range to keep an eye on, as a successful defense of this level paired with strengthening BTC prices could lay the groundwork for a renewed Dogecoin rally. A prudent approach would be to set stop losses below this level in case of a deeper correction, which could invalidate short-term bullish momentum. Featured image created with Dall.E, chart from Tradingview.com

Crypto analyst ProjectSyndicate has revealed his Dogecoin price prediction, suggesting that DOGE can reach the much-anticipated $1 price level in this cycle. The analyst also recommended when market participants should consider buying and selling the foremost meme coin.  Dogecoin Price Prediction Shows DOGE Can Hit $1 This Cycle In a TradingView post, Project Syndicate made […]

Crypto analyst Master Kenobi has identified a bullish pattern for the Bitcoin price, which is similar to one that was observed in the previous bull cycle. Based on this pattern, the analyst explained why the Bitcoin price could rally to as high as $169,000 in this cycle.  Bitcoin Price Could Rally To $169,000 As Fractal Pattern Appears In an X post, Master Kenobi predicted that the Bitcoin price could rally to $169,000 as a similar fractal pattern from the previous bull cycle is again unfolding. The analyst noted that daily Relative Strength Index (RSI) measurements indicate that this fractal phase lasted 157 days last year.  Related Reading: Bitcoin Price Crash Not The End Of The Road As Analyst Shares Roadmap To $200,000 Master Kenobi further remarked that the Bitcoin price replicates this 157-day sequence for the current period, then this fractal phase began on August 5, 2024, and ended yesterday. Therefore, according to the fractal, this bullish phase should begin today. The crypto analyst added that the exact duration of this bullish period cannot be determined. However, after the 157-day fractal last year, Bitcoin entered a 51-day rally.  In line with this, he asserted that if the Bitcoin price follows the same pattern this year, the rally could end on March 2, with BTC reaching $169,000 by then. Master Kenobi also went further to analyze the charts. The crypto analyst mentioned that the accompanying chart has been slightly adjusted, with trendlines now originating from the peaks reached during the cycle.  For symmetry and additional confirmation of history repeating itself, the crypto analyst remarked that it would be ideal if the Bitcoin price action closes near the trend line that aligns with the same zone from last year. Although this is not essential, he explained that such a close would strengthen the fractal’s alignment. If this scenario unfolds, Master Kenobi warned that BTC could first fall to between $88,000 and $89,000.  Meanwhile, the crypto analyst noted that the number of days in this cycle may not be identical to last year and could extend slightly longer. This would allow sufficient time for the BTC price to reach its target along both the trend line and the horizontal yellow RSI line.  BTC Bull Market Still Intact In an X post, crypto analyst Titan of Crypto affirmed that the Bitcoin price bull market is still intact. He revealed that this bullish momentum will continue as long as Bitcoin maintains a monthly close above the 38.2% Fibonacci retracement level.  Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade The Bitcoin price has been on a downtrend since December last year and recently crashed below $93,000. However, Titan of Crypto suggested that this wasn’t out of place. He noted that BTC surged by 120% from August to December. As such, the crypto analyst explained that a correction is natural as the market digests this rally.  At the time of writing, the Bitcoin price is trading at around $94,000, down in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

Dogecoin (DOGE), the world’s first and largest meme coin, has seen a notable uptick in activity over the past few days. According to recent market data, Dogecoin’s large transaction volume has skyrocketed by over 41%, while daily active addresses have increased by more than 35%. These developments, which indicate a surge in interest among large-scale token holders, could act as a catalyst to push the Dogecoin price towards the coveted $1 mark.  Increase In Dogecoin Transaction Volume And Daily Addresses In the crypto market, large-scale transactions involving significant amounts of a specific cryptocurrency are often associated with entities known as ‘whales,’ who execute strategic moves that have the potential to influence market trends. Recently, IntoTheBlock revealed that Dogecoin has recorded a massive increase in its large transaction volume, skyrocketing by an impressive 41.12% to reach $23.35 billion.  Related Reading: Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade This significant increase in Dogecoin’s large transaction volume suggests heightened engagement and activity among deep-pocketed players. Moreover, the sharp surge could indicate growing interest from institutional investors or whales who see potential in the meme coin’s future trajectory.  According to ITB’s data, there has also been a notable spike in Dogecoin’s daily active addresses, recording a 34.91% increase that points to broader adoption and an increase in the meme coin’s network activity.  As a blockchain metric, daily active addresses measure the number of unique wallet addresses involved in transactions of a particular cryptocurrency within 24 hours. A surge in the daily active address of a cryptocurrency like Dogecoin often suggests that more users engage with the network, whether for investing, trading, or transactions.  Despite this strong metric activity, Dogecoin’s price has fallen by more than 2.2% in the past 24 hours, dropping to $0.33. Nevertheless, ITB reports that Dogecoin remains “mostly bullish,” a sentiment that contrasts with ongoing market volatility and price fluctuations. Interestingly, this bullish optimism could signal that the surge in Dogecoin’s on-chain metrics, both large transaction volume and daily active addresses, could be a potential catalyst for a price rebound.  Can This Propel DOGE To $1? Although Dogecoin has faced regular backlash over its speculative nature, its ability to maintain relevance and growth in the crypto market cannot be overlooked. The increase in Dogecoin’s large transaction volume and daily active addresses could be an early indicator of a broader trend shift, potentially signaling the meme coin’s next upward rally. Related Reading: Bitcoin Price Crash Not The End Of The Road As Analyst Shares Roadmap To $200,000 While IntoTheBlock has tagged these surges in Dogecoin’s on-chain metrics as “bullish,” breaking past $1 will likely require more external catalysts and a change in current market conditions. For Instance, crypto analyst Trader Tardigrade has predicted that Dogecoin could rise to the $1 benchmark very soon. However, the meme coin’s recent pullback could act as a bullish springboard, as the analyst has stated that a retracement often precedes a massive price rally.   Featured image created with Dall.E, chart from Tradingview.com

Ethereum (ETH) has seen an over 10% correction from the New Year highs amid the market retrace, recently falling below the $3,300 support. Despite the ongoing pullback, some analysts remain optimistic about ETH’s Q1 performance, suggesting new highs are around the corner. Related Reading: Bitcoin Eyes Potential Rebound To $98,600, But Analyst Suggests Caution Ethereum Forming Bullish Pattern Ethereum shredded its New Year gains today after falling below the $3,320 mark. Following the market retrace, the second-largest cryptocurrency by market capitalization saw a 14% drop from its Monday high of $3,744 to below the $3,300 support. During the start-of-year rally, ETH’s price recovered 20% from the correction’s lows, surging to pre-retrace levels for the first time in nearly three weeks. However, the market pullback, which saw Bitcoin fall 7.2% in 24 hours, sent Ethereum to the $3,210 level on Thursday morning. The $3,200-$3,300 price range served as a key support zone for ETH throughout December. After its recent performance, several analysts have suggested the cryptocurrency is forming an important reversal pattern, which could send ETH’s price to new highs. On Wednesday, crypto analyst Rekt Capital noted that Ethereum is forming a multi-month inverse Head and Shoulders pattern in the 1M timeframe. To the analyst, “it’s clear” that the $3,650-$3,760 area is “a major region of resistance, developing just below the $4,000, with price forming that resistance at a Lower High which could act as a Neckline to the pattern.” He stated that “its terminus point is at the psychological level of $3,000,” adding that “any pullback close to the $3,000 level could see Ethereum develop a right shoulder.” Similarly, As Ethereum dropped to the low of the key $3,200 range, Miky Bull highlighted the same pattern, hinting that the $7,000 target “is looming.” According to the chart, ETH’s price could see an 87.53% increase near the $7,400-$7,500 price range, based on the bullish setup. No More ‘Major Retraces’ For ETH? Crypto analyst Ali Martinez also shared his view on the bullish pattern, asserting a downswing to $2,900 “will be very bullish” for ETH. The analyst argued it would create “an excellent buy-the-dip opportunity to target $7,000 next!” However, it’s worth noting that the bullish pattern would be invalidated if Ethereum falls below $2,800, where the left shoulder formed. Meanwhile, another market watcher shared the similarities between ETH’s performance at the start of 2024 and 2025, highlighting the King of Altcoins falling below its yearly opening during January 2024 before climbing up the following month. Related Reading: ‘ADA Wave Is Coming’: Cardano Whales Go On Buying Spree As Price Attempts Breakout He stated, “I think it’s really important not to conflate a few days of red price action with high time frame bias. I am firmly of the opinion that this is a yearly open shakeout after some overly eager participants levered up too big, too early. I am very bullish on H1 2025.” Analyst Crypto Wolf considers there will likely be “little to no downside left,” suggesting that ETH could retrace another 4% to 7% maximum before it aims for all-time high (ATH) levels. As of this writing, ETH is trading at $3,255, a 2.15% decrease in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Despite the recent Bitcoin price crash, crypto analyst TradingShot has suggested that this is not the end of the road for the flagship crypto. This came as he revealed why BTC could still rally to as high as $200,000 in this market cycle.  Bitcoin Price Set To Rally To $200,000 Despite Recent Crash In a TradingView post, TradingShot predicted that the Bitcoin price could rally to $200,000 despite the recent market crash. The analyst noted that Bitcoin has started this new year with high volatility amid geopolitical and economic news input. He added that this year is the last year of this bull cycle.  Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board However, the recent Bitcoin price crash doesn’t mean that the flagship crypto is close to its market peak, as TradingShot remarked that the cycle top could start forming around November. He made this prediction based on historical trends, as the three previous tops have been either in November or December.  The crypto analyst also noted that the last cycle top formed above the Pi Cycle Top and on the LGC Zone from the top. In line with this, TradingShot predicted that the Bitcoin price could be close to $200,000 even if BTC barely tests the bottom for the LGC 2nd Zone from the Top by November 2025.  TradingShot added that, technically, the projected Peak Zone for the Bitcoin price should be between $180,000 and $200,000. He remarked that this range may still be below the Pi Cycle, so it looks to be a fair scenario. Standard Chartered also shared a similar prediction last year, stating that a rally to $200,000 by year-end 2025 is “achievable.” Meanwhile, Bernstein analysts described a $200,000 prediction by year-end as a “conservative” estimate.  A Price Rebound Could Be On The Cards The Bitcoin price has suffered a terrible start to the year, dropping to as low as $93,000. However, crypto analyst Ali Martinez has shared some positives that suggest a price rebound may be imminent. In an X post, the crypto analyst revealed that more than 22,000 BTC, worth $2.10 billion, were withdrawn from exchanges over the past week.  Related Reading: Dogecoin Liquidations Cross $24 Million As Bulls Suffer Double-Digit Beat Down This presents a bullish outlook for the Bitcoin price since heavy Whale accumulation typically precedes a price recovery. Meanwhile, Martinez mentioned that 63.92% of Binance traders are now going long since BTC dropped to as low as $93,000. These traders were previously shorting BTC when the flagship crypto was trading above $100,000. With these traders now going long, a rebound may be imminent.  At the time of writing, the Bitcoin price is trading at around $93,000, down over 2% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

The Dogecoin price action in the past 24 hours has been characterized by a fresh decline to retest support at $0.33. This recent decline in the past 24 hours is a continuation of the downtrend into 48 hours, which saw Dogecoin rejecting just below $0.40 after Bitcoin also rejected below $100,000 again.  However, technical analysis […]

DeFi protocol Derive’s Head of Research, Dr. Sean Dawson, has provided a bullish prediction for the Ethereum price. He predicted that the second-largest crypto could rally to as high as $12,000 and explained how the Pectra upgrade could contribute to the parabolic rally.  Ethereum To Reach $12,000 Thanks To Pectra Upgrade And Other Factors Dawson predicted that Ethereum could reach $12,000 by the end of the year thanks to the Pectra upgrade, Donald Trump’s presidency, increased adoption, and a surge in ETF inflows. According to the research analyst, this bullish case is possible if the Pectra upgrade is successful. The upgrade is meant to help scale the network and boost user experience.  Related Reading: 70 Million DOGE Make Their Way To Binance Amid 10% Dogecoin Price Crash Given Donald Trump’s pro-crypto stance, Dawson is also confident that the US president-elect would create a regulatory-friendly environment, which would support further growth for Ethereum. For ETH to reach this $12,000 target, Dawson also said that Ethereum must witness broader adoption within the real-world assets (RWAs) industry. The network must also become a top player in emerging sectors such as DePIN and AI agents.  The Ethereum exchange-traded funds (ETFs) also have a role to play in ETH reaching this target. Dawson mentioned that there must be more significant inflows into these funds. He warned that the failure of these funds to attract institutional interest could lead to a bearish case for Ethereum.  For the bearish case, the research analyst predicted that Ethereum could drop to as low as $2,000 due to a lack of inflows into the Spot ETH ETFs. He noted that this could happen if these funds lose ground to a successful Solana ETF launch. This undoubtedly remains a possibility, considering how Solana dominated last year in terms of network activity.  Dawson warned that other layer-1 networks are challenging Ethereum’s market share, although he added that this may offer higher risk and reward opportunities.  ETH Still Bullish Despite Recent Market Downtrend Crypto analysts have suggested that Ethereum still has a bullish outlook despite the recent market downtrend. In an X post, crypto analyst Moon Carl stated that despite the recent dump, ETH is still trading within a symmetrical triangle on the Daily timeframe. The analyst added that if the support holds, a breakout with a bullish target of $4,100 could be expected.  Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Crypto analyst The Cryptomist also charted a path for Ethereum to reach a new all-time high (ATH). She highlighted a large falling wedge, which was in play with symmetrical deviations. She added that ETH could retest the broken level, then reject to support and insert a 4-hour oversold bullish divergence and then bounce to a new ATH.  At the time of writing, the Ethereum price is trading at around $3,300, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com