As the market enters 2025, XRP, the cryptocurrency that has garnered global investor interest in recent months, has begun the year exceptionally well. The asset has experienced an impressive 11% surge, propelling its value to approximately $2.42, a level it had not seen since late 2024’s price correction. Analysts Predict XRP Could Reach $5.85 As Market Confidence Grows This resurgence has positioned XRP as the third-largest cryptocurrency in the market, with a market capitalization of around $139 billion, according to CoinGecko data. Notably, it has surpassed the market cap of Tether (USDT), which stands at $137 billion. The recent rally in XRP’s price can be attributed in part to a broader shift in market sentiment following the election of President Donald Trump on November 5. Trump’s victory has sparked renewed confidence in the digital asset industry, leading to increased optimism among investors. This sentiment shift seems to have catalyzed a wave of buying activity within the crypto market, benefiting not only XRP but also other digital assets. Related Reading: Prepare For A Solana Sell-Off: How Grayscale’s 2025 Unlocks Could Shake The Market Crypto analysts have taken notice of this trend. DarkDefender, a prominent figure in the crypto analysis community, observed that XRP’s price trajectory has been impressive. After hovering around $2.11, XRP broke through its initial resistance at $2.22 and reached as high as $2.44. DarkDefender highlighted $2.42 as a critical resistance level that has now been updated as a new support level. According to his analysis, if XRP can breach the $2.67 to $2.72 range, it could pave the way for a significant upward movement, targeting as high as $5.85. This potential rise would represent an extraordinary 141% increase from its current price, marking a new all-time high for the token. Elliott Wave Theory Points To Potential $10 Target Adding to the optimism, another analyst, known as CryptoinsightUK, has weighed in on XRP’s potential trajectory suggesting that if XRP follows a measured move similar to its previous price leg, it could “easily surpass $10.” Drawing from Elliott Wave Theory, which posits that market trends move in waves, he argues that if XRP enters a “wave 3” scenario—often the most substantial in terms of price movement—the asset could exceed $10. CryptoinsightUK notes that many investors are targeting the $8 mark, a figure he considers reasonable based on various metrics. By analyzing the price movements and potential gains, the analyst suggests that the future of the altcoin looks bright, with many indicators pointing towards substantial growth. Related Reading: Cardano (ADA) Rallies Above 100-Day SMA As Bulls Aim For $1.26 As 2025 unfolds, XRP’s impressive start and the broader market dynamics suggest that we may be on the cusp of a significant shift in the cryptocurrency landscape. The confidence brought about by political changes and market sentiment may very well set the stage for a new era of growth for XRP and the cryptocurrency market as a whole. Trading at $2.42, the XRP price shows a 2% increase over the past 24 hours. Regarding trading volume, CoinGecko data indicates a decrease of almost 42%, totaling $5.6 billion. Featured image from DALL-E, chart from TradingView.com
The market is recovering from the end-of-year bleeding that dragged most cryptocurrencies, including Bitcoin (BTC), to monthly lows. As the flagship crypto retests key levels, some analyst shared their predictions for the 2025 bull market and BTC’s performance. Related Reading: Solana-Based Pump.Fun Records $15 Million Daily Revenue As Memecoin Mania Continues Bitcoin Correction Close To An End? Over the last three days, Bitcoin has slowly climbed back to the $96,000 level, briefly trading near the $98,000 mark on Thursday afternoon. Last week, the flagship crypto lost this key range, failing to reclaim it for six days. This zone served as a crucial bounce point since mid-November. However, the New Year recovery sent BTC’s price up nearly 5%, with Bitcoin trading above $96,000 for the past day. Some crypto analysts previously suggested that reclaiming the $97,300 support zone is crucial to reverse BTC’s short-term bearish trend. This level was retested yesterday for the first time in over a week but failed to hold. Despite this, crypto analyst Rekt Capital noted that week 9 of its post-halving “Parabolic Upside Phase” is “slowly ending,” suggesting that BTC’s correction will likely be over soon. The analyst explained Bitcoin enters a parabolic period that lasts around 300 days each cycle after every Halving event. Historically, BTC registers the first major retrace a month after entering price discovery mode. The first “Price Discovery Correction” starts between Weeks 6 and 8 of each parabolic phase and sees pullbacks by at least 25%. This cycle, Bitcoin’s retrace started on Week 7 and saw a 15% correction, which some analysts suggest is due to the trend of smaller corrections. Rekt Capital stated that “once Bitcoin clears its historically corrective weeks,” the flagship crypto will offer plenty of reasons to be bullish. Similarly, the analyst pointed out that BTC’s peak will likely come this year, followed by the “very beginnings of a brand new bear market.” However, he explained that most of the bear market will occur next year, lasting “some 365+ days and be between -65% to -80% deep.” BTC To Perform Well In Q1 Daan crypto trades highlighted that Bitcoin has been “chopping around the $100K level for 6 weeks now, we’ve built up a good amount of liquidity in this area.” He added that from the $100,000 mark and above, “there should be plenty of fuel to propel this higher.” Moreover, the trader noted that BTC is “trading right around the high volume node. Meaning, most volume was traded between these prices. Generally, price moves easier when its able to break away from such a high volume area. The 4H 200MA is guarding that breaking on the top side. The 4H 200EMA below is offering support.” Related Reading: Bitcoin Retests $95,000 Amid 4.2% Surge, Is A New Year Rebound Coming? Daan asserted that a break above the $98,000 mark could “get the party started and start the run back to the all-time highs,” while holding the $95,000 support zone key in the short term. Ultimately, he considers there will be “an interesting race between BTC and ETH this quarter,” as the market’s performance during Q1 is usually “pretty positive.” Based on this historical performance, the trader expects the leading cryptocurrencies to perform well throughout the start of the year. As of this writing, Bitcoin is trading at $97,071, a 1% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Crypto analyst KrissPax has drawn the community’s attention to a bullish pattern that has formed for the Dogecoin price. In line with this, the analyst predicts that Dogecoin could soon record a double-digit price surge. Dogecoin Price Eyes Double-Digit Surge In an X post, KrissPax predicted that the Dogecoin price could enjoy a double-digit surge […]
In a promising development, the Bitcoin price is inching closer to the coveted $100,000 mark as it trades above $98,000 for the first time since late December. Crypto analyst Ali Martinez has highlighted several critical metrics that could signal further bullish momentum for the leading cryptocurrency as the market begins to recover. Bitcoin Price Surges Amid Coinbase Premium Index Low One of the significant indicators discussed by Martinez is the Coinbase Premium Index, which recently hit -0.23%, its lowest point in two years. This index measures the price difference between Bitcoin on Coinbase and other exchanges. A negative premium suggests that US-based investors may be less willing to pay a premium for Bitcoin, but the current rebound could indicate a shift toward growing institutional interest in the asset. Related Reading: Prepare For A Solana Sell-Off: How Grayscale’s 2025 Unlocks Could Shake The Market Martinez also noted that the recent uptick in the Bitcoin price comes amid a notable withdrawal trend, with over 48,000 BTC—valued at more than $4.5 billion—pulled from exchanges in the past week. This trend indicates a bullish sentiment among investors, despite a brief price correction that occurred late last year. Despite these positive signals, Martinez cautions that Bitcoin is at a crucial juncture. He emphasized the importance of sustaining a close above the 50-day moving average (MA), currently just above $96,000. A failure to maintain this level could lead to a potential downward correction. Conversely, a sustained close above the 50-day MA could signal the end of the recent correction and confirm a more robust bullish trend. Strong Upward Move Expected After Wave Three Breakout In addition to Martinez’s insights, the Elliot Wave Academy has provided a technical analysis of the recent Bitcoin price movements, suggesting that the cryptocurrency is currently in the fourth wave of a larger bullish cycle. The academy’s analysis indicates that after a powerful breakout from a price channel, Bitcoin has successfully surpassed the ideal level of wave three, which may signal a strong upward move. The fourth wave, according to their analysis, is characterized by a sideways pattern following the sharp rise of wave three. The potential correction zones for this wave have been identified, and should these levels be breached, the next upward wave could target a Bitcoin price range between $117,475.70 and $138,058.37. These figures represent major bullish targets that could attract further investment and drive Bitcoin’s price higher. Related Reading: Dogecoin Recovery In Sight: Strong Support Hints At Bullish 2025 All around, as the Bitcoin price continues its upward trajectory, the combination of significant withdrawals from exchanges, a low Coinbase Premium Index, and positive Elliott Wave analysis paints a compelling picture for the cryptocurrency’s future. However, investors should remain vigilant, keeping an eye on critical price levels that could determine the market’s next move. At the time of writing, the market’s leading crypto is trading at $98,320. Featured image from DALL-E, chart from TradingView.com
Using technical indicators like Fibonacci extensions and the Elliott Wave Theory, a crypto analyst pinpoints an ideal “sweet spot” for selling Bitcoin (BTC). According to the analysis, specific price zones have been identified as target BTC sell areas that investors and traders could use to exit positions strategically ahead of possible downtrend. Analyst Sets $169,000 […]
A crypto analyst has issued a new XRP price prediction, forecasting a potential breakout that could see the prominent cryptocurrency skyrocketing to $4.9. With the formation of a classic bull flag pattern and the 1-Day 50 Moving Average (MA) acting as a bullish catalyst, the analyst is increasingly confident that XRP will reach new All-Time Highs (ATH) in 2025. How The 1-Day 50 MA Will Propel XRP Price To $4.93 The 50-day MA is a technical indicator used to track the average closing price of a cryptocurrency over the last 50 trading days. According to Dr. Dovetail, a TradingView crypto analyst, the 1-day 50 MA, indicated by the orange line in his XRP price chart, has risen to the lower boundary of a bull flag pattern. Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How The analyst suggested that XRP’s price action, which has been in a consolidation phase after its big pump, triggered the formation of the classic bull flag pattern. This bullish continuation pattern typically occurs after a strong upward movement, followed by a price correction that leads to consolidation. Historically, when a cryptocurrency consolidates near strong moving averages like the 1-day 50 MA, it indicates the readiness for a price breakout. Looking at his technical chart, the 1-day 50 MA plays a crucial role in Dr. Dovetail’s analysis and bullish XRP price prediction. The analyst believes this Moving Average can push the XRP price out of its consolidation nest to its next bullish target. Based on the confluence of technical patterns and indicators, the dotted ascending line in the analyst’s XRP chart indicates a potential price target of $4.93. Dr. Dovetail extended his forecast, highlighting that XRP could achieve this ambitious all-time high before February 2025. The XRP price chart has also indicated a volume bar showing relatively stable activity during the cryptocurrency’s consolidation phase. Additionally, the Stochastic Relative Strength Index (RSI) at the bottom of the chart suggests that XRP may be oversold, supporting the potential for a breakout. While Dr. Dovetail acknowledged that his predictions were not financial advice, the TradingView analyst expressed confidence that the current technical setup in the XRP chart could push its price to $4.93 this year. This target would represent a 105% surge from XRP’s current market value, underscoring a significant move upward from its consolidation phase. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For Update On XRP Price Analysis According to data from CoinMarketCap, the XRP price is presently trading at $2.41, marking a noteworthy 8.79% increase over the past week. Delving deeper into its price action and ongoing consolidation phase, XRP experienced a severe downturn after it surged from $0.5 to above $2 in November 2024. Over the past few weeks, the cryptocurrency has struggled with volatility as it aims to reclaim its all-time high of $3.84, attained during the 2021 bull run. Nevertheless, XRP still holds its position as the third-largest cryptocurrency by market capitalization. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price seems to be in the early stages of a budding momentum with recent action in the past 48 hours. Particularly, a rebound has seen Dogecoin retesting the $0.34 price level in the past 24 hours. Notably, technical analysis of the Dogecoin price movement shows that the meme coin could now be gearing […]
Crypto analyst Swallow has predicted that the Dogecoin price could soon rally to $0.48. The analyst also revealed what needs to happen first before the foremost meme coin can enjoy this bullish reversal. Dogecoin Price To Reach $0.48 But This Must Happen In a TradingView post, Swallow predicted that the Dogecoin price could rally to $0.48. He noted that Dogecoin is currently retesting the broken Exponential Moving Averages (EMAs), where a rejection is likely to happen. The analyst added that there needs to be more confirmations for this rally to be $0.48. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For In line with this, Swallow remarked that the Dogecoin price needs to see a weakening near that EMA zone before going for a downward movement. He explained that any signs of volume building up at that range could lead to a further move toward the $0.40 and $0.48 targets. Crypto analyst KrissPax also recently provided a bullish outlook for the Dogecoin price, predicting that a rebound was imminent. He stated that Dogecoin has broken out of a 2-week descending wedge. The crypto analyst added that after a retracement, the foremost meme coin could rally back over $0.40. In another X post, KrissPax revealed that the Dogecoin price just finished a retest on an upward-sloping resistance line as support and is already up 6% in this new year. He added that a continuation higher is expected. Based on the chart analysis, DOGE could rally to as high as $2, marking a new all-time high (ATH) for the foremost meme coin. The Dogecoin price could still rally to double digits in this market cycle based on predictions by several crypto analysts. One of these analysts is Dima James, who recently predicted that Dogecoin could cross $11 before this year ends. 2025 Is A Bullish Year For DOGE In a recent X post, crypto analyst Trader Tardigrade also provided a bullish outlook for the Dogecoin price. He stated that 2025 is a bullish year for the foremost meme coin. The crypto analyst added that the upper resistance line indicates the DOGE top in this market cycle could be $3.63. Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details The crypto analyst had before now predicted that the Dogecoin price could reach double digits. The analyst stated that DOGE could reach $30 by March this year if the meme coin mirrors its 2021 bull run. Meanwhile, crypto analyst Master Kenobi also shared a prediction similar to Trader Tardigrade’s, predicting that DOGE could reach $3.4 in an “ultra-optimistic” scenario. The analyst is more confident that the foremost meme coin could at least surpass the psychological $1 level and reach $1.2. At the time of writing, the Dogecoin price is trading at around $0.33, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Bitcoin price’s market dynamics have taken an interesting turn as the cryptocurrency adjusts its cycle patterns following a sharp decline below the psychological $100,000 price level. Crypto analyst Bob Loukas shared his perspective on social media platform X, noting a potential shift from a 56-day to a 60-day cycle. According to the analyst, this raises the question of whether Bitcoin could rebound to the upside from here or continue its consolidation for the next two months. Bitcoin Price Shift To A 60-Day Cycle Cryptocurrency markets are influenced by cyclical patterns that have become an important part of crypto analysts’ technical analysis. These cycles are defined by repetitive patterns of highs, lows, and consolidations and are used by analysts who look at past performance to predict future price action. These are often combined with technical indicators like Fibonacci extensions and retracements and patterns of Elliot Waves. Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details In the case of Bitcoin, Bitcoin’s price movements in the current bull market have been highlighted by a close mirror of previous cycles. According to technical analysis, the leading cryptocurrency has been playing out in a 56-day cycle for most of the current market cycle. This 56-day cycle was spotlighted by Bitcoin’s break over various price levels until it broke above the six-digit threshold at $100,000. After breaking above $100,000, Bitcoin seemed to stumble at first but eventually regained a bit of momentum to reach an all-time high of $108,135 on December 17. Since then, however, Bitcoin has entered a correction phase, even falling as low as $92,800 just three days after reaching this all-time high. As pointed out by crypto analyst Bob Loukas, this massive correction and consolidation in the past two weeks have prompted Bitcoin to move into a 60-day cycle. This change in cycle, although just by a few days, could have profound effects, and it remains to be seen how the market reacts. Was The Recent Decline Enough For A Reset? A move to a 60-day cycle suggests a subtle but meaningful change in Bitcoin’s market behavior. At the time of writing, Bitcoin is about to start a new cycle count that will play out in the next 60 days. Two possible scenarios could play out from here over those 60 days. Related Reading: Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How The first scenario is of a bullish momentum if the recent sharp correction may have already reset the cycle. In this case, we could see Bitcoin pushing up to new all-time highs in the next 60 days. The second scenario is less optimistic. It opens up the possibility of Bitcoin consolidating and trading within a narrow range for the next two months. At the time of writing, Bitcoin is trading at $96,146. If Bitcoin successfully transitions to a 60-day cycle and avoids another consolidation, it could pave the way for a recovery above the $100,000 level and bullish momentum throughout Q1 2025. Featured image created with Dall.E, chart from Tradingview.com
On Thursday, as the broader cryptocurrency market showed signs of recovery, Solana (SOL), one of the leading altcoins, surged past the $200 mark, reflecting an 8% increase over the past 24 hours. This upward momentum brings the sixth-largest cryptocurrency by market capitalization closer to its all-time high achieved in November 2024. However, market experts caution that Solana may face significant pressure in the coming days. A Double-Edged Sword For Solana Investors Ben Lilly, a market analyst at Jarvis Labs, recently highlighted potential risks tied to the “Grayscale Effect.” In a social media post, he warned that the upcoming Grayscale SOL tokens unlock could create substantial selling pressure on the altcoin. Related Reading: Dogecoin Price Confirms Breakout: Analyst Sets New Price Targets Grayscale, a prominent digital asset management company, enforces a policy to protect assets for 12 months following acquisition. As the two major unlocking periods near—January 24 to February 2 and July 24 to August 7—Lilly warns that investors should stay alert. The mechanics of the Grayscale Trust are similar to those seen in the past with the Grayscale Bitcoin Trust (GBTC). In that case, investors would purchase Bitcoin (BTC) through Grayscale, which would hold the assets for a period before issuing shares. This created a premium, where the shares traded at a higher price than the actual Bitcoin price, leading to significant market rallies. However, when that premium disappeared, it marked the peak of the market in 2021, resulting in a cascade of failures for firms like Three Arrows Capital, BlockFi, Celsius, and Voyager. Potential Price Drop Ahead For SOL’s Price Lilly points out that Grayscale is now executing a comparable strategy with Solana, and the upcoming unlocks could mirror the past volatility seen in the crypto market. The analyst notes that previous large purchases of SOL tokens saw private placements unlocked from late July 2024, during which the price dropped by 40% in just ten days. The concern is that the same trend may emerge with the January 2025 unlocks, potentially leading to a significant sell-off. The analysis suggests that when investors who benefited from the premium in the past go to sell their holdings, they may flood the market, creating downward pressure on the SOL price. Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details Lilly recommends that Solana holders consider selling in advance of the January 24 unlock date, as this could mark a critical turning point for the asset. While the Grayscale Trust for Solana is relatively small compared to the overall market cap of SOL, the potential impact on price cannot be overlooked. According to Lilly’s analysis, historical trends indicate that even small unlocks can significantly influence market behavior. He reassures that while the upcoming sell pressure may not lead to catastrophic losses, it could result in local tops and a decrease in premiums. As of this writing, SOL is priced at $205, decreasing slightly more than 20% from its peak of $263 attained on November 24 last year. Featured image from DALL-E, chart from TradingView.com
With the arrival of the new year, the cryptocurrency market is experiencing a significant rebound, as the leading 100 cryptocurrencies, headed by Bitcoin (BTC), show increases and positive trends. In light of this revival, crypto expert Miles Deutscher has revealed his forecasts for 2025, providing perspectives on the upcoming paths of key cryptocurrencies and market tendencies. Bitcoin Price Potential To Hit $1 Million Deutscher begins by addressing the current state of the Bitcoin dominance chart, suggesting that it has likely peaked for this cycle. He anticipates that while BTC may experience periods of outperformance, it will ultimately stabilize around 61.5% dominance. In addition, Deutscher has made bold predictions regarding Bitcoin’s future price, asserting that it will reach $140,000 by the end of 2025. While he has seen more aggressive forecasts predicting prices over $200,000, he considers these estimates “overly ambitious” within the next 12 months. However, the expert expresses a long-term belief in Bitcoin’s potential to evolve into a $1 million asset, indicating his confidence in the cryptocurrency’s future growth. Related Reading: XRP Price Targets $13 After Completing Highest Candle Body Close In History – Details On the other hand, Deutscher highlights that the most significant developments in the altcoin market will not materialize until the second half of the year. The expert acknowledges the macroeconomic challenges currently facing the market, which he believes have slightly delayed the overall cycle. Interestingly, he notes the historical trend of altcoin seasonality, which typically favors the first half of the year, suggesting the possibility of two distinct upward runs in the crypto market. Cryptocurrency ETFs Set To Flourish In 2025 In 2025, Deutscher further expects artificial intelligence (AI) to remain a dominant narrative within crypto. He believes that the integration of AI will lead to a major transformation in decentralized finance (DeFi) and on-chain trading, particularly through the development of AI agents. He forecasts that several AI-driven projects will achieve market capitalizations exceeding $1 billion, signifying a shift towards more sophisticated financial instruments. Deutscher also emphasizes the importance of Real World Assets (RWA), predicting they will gain significant traction throughout the year. He notes that asset tokenization is still in its infancy, with influential figures like Donald Trump and Larry Fink likely to champion this sector, fostering growth and innovation. Predictions regarding DeFi utility coins are particularly noteworthy. Deutscher anticipates that major protocols, such as Chainlink (LINK), Aave (AAVE), Enjin (ENA), and Uniswap (UNI), will outperform their peers as the market recognizes the value of income-generating utility protocols. The expert argues that the market has yet to fully appreciate the potential impact of the Trump administration on DeFi, suggesting that a favorable regulatory environment will benefit these protocols significantly. Related Reading: Dogecoin Price Confirms Breakout: Analyst Sets New Price Targets Another key prediction from Deutscher involves the potential approval of exchange-traded funds (ETFs) for cryptocurrencies like Solana (SOL) and XRP. The analyst believes that a new regulatory regime will facilitate a more accommodating environment for cryptocurrency ETFs in 2025. In a broader context, Deutscher foresees a strategic Bitcoin reserve being established in the United States, paving the way for other nations to follow suit. This shift towards sovereign and institutional adoption of Bitcoin is expected to gain momentum, further legitimizing the market’s leading cryptocurrency as a viable asset class. As of now, BTC is priced at $97,570, showing an increase of almost 4% over the past 24 hours. Featured image from DALL-E, chart from TradingView.com
Technical analysis shows that Shiba Inu is currently at a critical juncture where it could either rebound to new multi-year highs or face declines to retest a few support levels. In light of this, a recent analysis on TradingView has highlighted crucial support and resistance levels that could dictate SHIB’s short-term movements. This analysis was made on the daily candlestick timeframe chart of SHIB against Tether (USDT), which reveals the potential for a substantial rally toward $0.000045 if key resistance levels are broken. Major Support And Resistance Levels For Shiba Inu According to the analysis, two significant resistance levels are important in SHIB’s path to the upside. The first is at $0.00003239 and represents an immediate hurdle that could attract sellers or trigger profit-taking. This is more revealing, considering it acted as resistance in December 2024. A decisive move above this level would signal bullish momentum. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 The second resistance level is at $0.00004563 and is considered a psychologically significant barrier that might test the strength of market optimism. This is because this price level serves as the peak of Shiba Inu’s price movement in early 2024. If the bulls were to complete a successful move above $0.00004563, it could signal a move that would push Shiba Inu to challenge its current all-time high. On the downside, there are also two critical support levels that could prevent further SHIB price declines. The first notable support is at $0.00001035. Shiba Inu rebounded quite a few times on the upper end of this support zone in 2024, with the most notable bounce taking place on August 5. Historically, this level has demonstrated strong buy interest, making it a potential floor for the current trend. However, if the price fails to hold above this critical support level, the situation could shift significantly. A break below $0.00001035 would likely diminish buyer confidence, paving the way for SHIB to test even lower levels of support. Technical Indicators And SHIB Trading Strategy The analysis notes that key indicators, such as the MACD and RSI, currently suggest a neutral to slightly bearish sentiment for Shiba Inu. The MACD is flat with minimal momentum, while the RSI hovers near 40, slightly below the midpoint. These indicators, coupled with subdued trading volume, suggest that traders are awaiting a decisive breakout or break below the Shiba Inu price. Related Reading: XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important For bullish traders, a stable upward move at this point could point to a target at $0.00003239 in the short term, with $0.00004563 as a longer-term goal. Conversely, a break below $0.00001035 could reinforce a bearish scenario. At the time of writing, Shiba Inu is trading at $0.00002239 and is up by 8% in the past 24 hours. According to a similar support level analysis by crypto analyst Ali Martinez, the $0.0000215 to $0.0000193 support zone must hold in order for Shiba Inu to stay bullish. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin has witnessed an explosive increase in the number of large transactions, ahead of Ethereum. This provides a bullish outlook for the foremost meme coin as it suggests that Whales are actively accumulating DOGE. Dogecoin Sees 41% Surge In Large Transactions IntoTheBlock data shows that Dogecoin has witnessed a 41% surge in large transactions, with […]
Crypto analyst Dima James has boldly predicted that the Dogecoin price could cross $11 in this new year. He alluded to DOGE’s weekly chart to explain why the foremost meme coin is well-primed to reach this price target. Dogecoin Price Primed To Cross $11 This Year In an X post, Dima James predicted that the Dogecoin price could cross $11 this year and reach $11.71. The analyst made this prediction following his analysis of Dogecoin’s weekly chart. His accompanying chart showed trend lines, which he noted are mathematically calculated and placed to provide an idea of where DOGE could end year 4 of this current cycle. Related Reading: XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important Alluding to the chart, Dime James noted that historically, the red line has consistently signaled the top in every cycle. Meanwhile, the line above the red one marks the exact cycle top in previous 4-year cycles (2017 and 2021). If history repeats itself, the crypto analyst believes this pattern will play out again this year, with the Dogecoin price reaching at least the red line, with the target above $11. The crypto analyst noted that in previous cycles, the Dogecoin price has increased exactly 37x from the start of year 4 to the end of that same year. Dogecoin began this year at $0.31660. Therefore, if history rhymes, Dima James boldly predicted that the foremost meme coin will end 2025 at around $11.71, 37 times the price at the start of this year. Dima James also raised the possibility of the Dogecoin price rising above $11.71. He noted that the red line for year 4 in 2025 begins at around $23 and increases over time. The line above the red one starts at $36 and also increases with time. The crypto analyst added that market participants can begin to expect this cycle’s peak depending on when Dogecoin reaches this red line. A More Conservative Price Target Crypto analyst Master Kenobi provided a more conservative target for the Dogecoin price, suggesting it could top between $1.2 and $3.4 in this market cycle. He stated that if DOGE breaks past its current all-time high (ATH) of $0.74 by the end of January, it could potentially test the $1.2 area, which he marked with the yellow trend line on his accompanying chart. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 The analyst added that anything beyond the $1.2 Dogecoin price target would be a bonus, although not impossible. He remarked that if DOGE were to reach the orange line by the end of January, it would be valued at $3.4. The crypto analyst opined that the meme coin is unlikely to reach this target at this stage of the bull market. At the time of writing, the Dogecoin price is trading at around $0.33, up over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The XRP price ended the month of December at around $2.08 after a period of back and forth between gains and declines. Although it ended December just above the $2 mark, the XRP price went through a bullish period in the first half of the month, which saw it peaking around $2.9, its peak price in over six years. Despite ending the month at a 28% decline from this six-year peak, XRP has nonetheless achieved the highest monthly candle body close in its history. This interesting phenomenon was noted by crypto analyst Tony Severino, who also suggested that the XRP price is on track to reach $13 this cycle. XRP Price Completes Highest Candle Body Close In History XRP ended December at a 6.94% gain from where it started, building upon an unexpected 281.7% increase in November, according to data from CryptoRank. This period of price increases saw XRP receiving considerable attention from crypto analysts and investors, with various predictions of a continued bullish momentum into 2025. Related Reading: Bitcoin Bearish Flag Pattern Says Crash Is Far From Over Despite Crash To $91,000 However, Bitcoin’s failure above the $100,000 price mark seems to have stalled XRP’s momentum alongside many other cryptocurrencies. This caused XRP to spend the latter half of December in a correction plus consolidation path. Nevertheless, the bullish trajectory remains valid for XRP, with recent technical analysis by crypto analyst Tony Severino also lending voice to this. The XRP price registered its current all-time high of $3.40 in January 2018 but closed out the month at $1.124 to kickstart consecutive bearish candles on the monthly timeframe. As pointed out on the XRP monthly candles by Tony Severino, December 2024 was the highest monthly close for the XRP price. Although the cryptocurrency failed to break past its current all-time high during December, it managed to accomplish this notable milestone. While this isn’t much of a technical indicator, it lends voice to the lingering bullish momentum surrounding the XRP price, which has prevented further price declines below the $2 mark. Technical Analysis Points To $13 Price Target Crypto analyst Tony Severino also highlighted an interesting technical pattern playing out on XRP’s daily candlestick timeframe. According to the analyst, a bull flag seems to be emerging after XRP’s price correction in December. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 The bull flag pattern identified by Severino is a technical setup often associated with significant price surges. It is characterized by the steep upward movement in November, followed by a period of consolidation in a downward-sloping channel in December. A breakout to the upside from the bull flag pattern typically leads to a continuation of the initial rally. In the case of XRP, Tony Severino projected a breakout that would see XRP surge to $13 in the coming months. At the time of writing, XRP is trading at $2.37 and is up by about 12% in the past 24 hours. Reaching the projected $13 target would translate to a 450% gain from the current price level. Featured image created with Dall.E, chart from Tradingview.com
A crypto analyst has confirmed that the Dogecoin price has entered a consolidation zone after experiencing a recent market bounce above the $0.3 level. The analyst predicts that Dogecoin is now eyeing a new price target of $3.4, aiming to reach a new all-time high in 2025. Dogecoin Price Stabilizes In Consolidation Zone According to […]
As the year ends, a renowned analyst suggested that Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4.2% to retest a key level. Related Reading: Altcoins To Explode In Early 2025: Analyst Says “Grand Finale” Is Around The Corner Bitcoin Sees End-On-Year Slowdown Bitcoin has struggled to hold the mid-zone of its one-month price range as the crypto market experiences an end-of-year slowdown. In December, BTC surpassed the $100,000 barrier for the first time, reaching a new all-time high of $108,353 mid-month. Over the last 30 days, the flagship crypto has moved between $90,000 and $108,000, hovering between $96,000 and $102,000 for most of the month. Nonetheless, Bitcoin has registered a 10.5% decline since hitting its ATH, failing to hold the $98,000 level over the last two weeks. The largest cryptocurrency by market capitalization saw a brief recovery on December 25 but quickly lost its Christmas rally gains. Since then, BTC’s price recorded its deepest retrace since the start of December. Bitcoin fell below the crucial $92,000 support zone on Monday, dipping to $91,530 before recovering, raising concern about BTC’s monthly close. However, New Year’s Eve started with a 4.2% surge throughout the morning, fueling end-of-year optimism about a price rebound. The cryptocurrency’s price moved from $92,000 to $96,000 before retracing to the $95,000 support zone. As the BTC’s price climbed, crypto analyst Ali Martinez noted that the TD Sequential showed a buy signal on the 12-hour chart, potentially signaling a New Year’s Day price bounce. ‘All Is Well’ For BTC’s Rally Martinez suggested that “a sustained close above $94,700 could lead to a rebound to $97,500.” As the analyst previously pointed out, this level is one of BTC’s most significant support zones, and reclaiming it is key for the cryptocurrency’s short-term rally. On the contrary, “losing $92,500 as support will invalidate the bullish signal,” Martinez added. Losing this level could also send BTC to the $70,000 level based on the UTXO Realized Price Distribution (URPD) chart. The analyst has stated that a 25% crash to the $70,000 mark is possible, as the URPD chart shows minimal support below the key support wall. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 Meanwhile, James Van Straten noted that “all is well” despite BTC’s current price action. The analyst highlighted that “this cycle as with the previous three cycles for BTC, all saw corrections at this point after the halving,” adding that the “corrections are starting later and finishing later. Maybe, to do with elongated cycles.” As of this writing, Bitcoin is trading at $94,949, a 1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Amidst recent fluctuations in the Dogecoin price and its market crash, a crypto analyst has shared a bullish forecast for this number one meme coin, identifying key support and resistance areas that could dictate its future price trajectory. The analyst has identified a “rock solid” support zone for Dogecoin, signaling a potential rally to new […]
The Bitcoin price crash to $91,000 was unexpected, driven by diminishing market dominance and rising volatility. Despite this setback, an analyst predicts an even bleaker outlook for the leading cryptocurrency. The formation of a bearish flag pattern suggests further price declines could be on the horizon, with the analyst projecting a steeper price plunge towards $90,000. Bearish Flag Pattern Signal Bitcoin Price Crash Pejman Zwin, a TradingView crypto analyst, released a chart analysis predicting a significantly bearish outlook for the Bitcoin price. The analyst based this gloomy forecast on the appearance of a bearish flag pattern and other key technical indicators. Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 According to Zwin, Bitcoin is moving within a bearish flag pattern, a technical formation that often signals a continuation of a prior downtrend. If this flag pattern holds, Bitcoin is likely preparing to break downward, which could lead to severe price declines. The analyst indicated that the 50-day Moving Average (MA), around the $95,974 mark, acted as a key resistance or support level for Bitcoin. However, the cryptocurrency recently broke below this MA — a development considered bearish, suggesting further downside. Zwin also disclosed that Bitcoin is moving within a heavy support zone between $95,000 and $90,870. Additionally, he highlighted that the pioneer cryptocurrency is breaking through key support lines, signaling a potential continuation of the downward trend. Looking at Bitcoin’s price action relative to the aforementioned technical indicators and chart patterns, Zwin anticipates a significant price crash toward $91,000. The analyst highlighted that a decline to $91,000 was the minimum expected, which would occur if Bitcoin breaks current support lines. He also disclosed that if the heavy support zone is breached, BTC could face further bearish pressure, potentially revisiting lower price levels around $90,540. Interestingly, Zwin’s bearish Bitcoin price prediction follows a recent price crash to $91,000 on Monday. During this sideways trading Bitcoin’s market sentiment has declined, with its bearish price action showing no signs of slowing down. Although Bitcoin’s price suffered a sharp fall, it has quickly recovered and is now trading at $93,893. Nevertheless, a price drop to Zwin’s projected $90,540 target would result in a Bitcoin crash of approximately 3.6% Alternative Bullish Scenario While he projected a bearish outlook for the Bitcoin price, Zwin provided an alternative bullish scenario that could trigger a rebound. According to the TradingView analyst, around $95,974 could be a ceiling for Bitcoin’s price. If BTC can break above the resistance lines, it could invalidate the bearish flag pattern, signaling a potential reversal to the upside. Related Reading: Dogecoin Price At $5: Analyzing Previous Trends And Why A 1,500% Rally Is Possible On another note, a market expert known as ‘Mister Crypto’ on X (formerly Twitter) has predicted an upcoming Bitcoin breakout to new levels. The analyst suggests that in the next two days, Bitcoin could overcome bearish trends and potentially resume its previous upward trend.
In a detailed XRP price analysis on the TradingView platform, crypto analyst AlanSantana has identified a price target of around $4.68, even as XRP has extended its decline towards the $2 mark. This interesting prediction is based on resistance and support levels in the XRP price chart, which are more reliable for technical analysis. According […]
Crypto analyst Dark Defender has revealed a pattern in which the XRP price has formed on the daily chart. In his analysis, he highlighted the $1.95 price level as being crucial as it could determine XRP’s next move. XRP Price Forms Descending Triangle On The Daily Chart In an X post, Dark Defender mentioned that the XRP price has formed a descending triangle on the daily time frame. He added that a breakout is imminent in this pattern as long as $1.95 is protected. The analyst highlighted $2.22, $2.72, $2.90, and $5.85 as the initial targets XRP could reach if the price breakout occurs. Related Reading: Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 Meanwhile, the crucial support levels for the XRP price are $1.95, $1.88, and $1.63. Based on an earlier analysis by Dark Defender, XRP could still rally to double digits in the long term. The analyst highlighted a bull flag that had formed on the daily chart, noting that it was similar to the one that had earlier formed on the 4-hour timeframe. Dark Defender stated that the bull flag that formed on the daily chart targets the Fibonacci Level of $5.85 and penetrates toward $10.1979. The crypto analyst remarked that this is a historical pattern approach and the Fibonacci Wave. He added that the last Fibonacci targets stand at $18.22 and $36, with no significant targets in between. The analyst’s accompanying chart showed that the XRP price could reach these targets in the first half of 2025. While analyzing XRP’s yearly chart, Dark Defender stated that a God Candle awaits next year. This came as he noted that XRP had enjoyed a breakout year in 2024, having consolidated for around six years. XRP boasts a year-to-date (YTD) gain of over 228%. From An RSI Perspective Crypto analyst Egrag Crypto provided insights into the XRP price action from a Relative Strength Index (RSI) perspective. The analyst stated that 74, 70, and 65 are the three key RSI levels to watch out for. In the most bullish scenario, he remarked that XRP needs to ideally reach 88 or even 96.5 and higher for the RSI curvature to continue trending upward. Related Reading: Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here’s Why Egrag Crypto said it would be “incredibly” bullish if the XRP price bounces from the 74 range. Meanwhile, a dip to 70 could indicate bearish momentum. However, he added that a bounce from this RSI level is essential for continuing the bull run. Likewise, a dip to 65 is also bearish for XRP, but as long as the crypto doesn’t drop below this level, then a bounce would indicate a significant move ahead. The crypto analyst warned that closing below the 65 RSI level could signal the end of the bull run. At the time of writing, the XRP price is trading at around $2, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Dogecoin and Shiba Inu prices are falling today as the year draws to a close, sparking bearish sentiment among investors. This price drop is thanks to the sentiment in the broader crypto market and macroeconomic developments. Why The Dogecoin And Shiba Inu Prices Are Falling Today CoinMarketCap data shows that the Dogecoin and Shiba Inu […]
Although Ethereum is currently up by about 46% from the starting point at the beginning of 2024, December has been underlined by a notable correction. This correction saw Ethereum declining noticeably from a $4,000 price point in the middle of the month, and it now finds itself consolidating below $3,400. Crypto analyst Trader Tardigrade recently shared a bullish outlook for Ethereum in light of this consolidation. Particularly, the analyst has projected a surge to $8,000 sometime in 2025. Historical Pattern Says Bullish Trajectory For Ethereum Trader Tardigrade, known for identifying long-term market trends, took to social media platform X to share insights into Ethereum’s price potential. According to technical analysis, the second-largest cryptocurrency is now in its final consolidation phase before commencing a strong leg upwards. This consolidation has made ETH’s previous all-time high look unsurmountable, especially as it has faced resistance at the $4,000 price level multiple times in the current market cycle. Despite this, according to Trader Tardigrade, Ethereum’s target of $8,000 remains unchanged. Related Reading: Legendary Analyst Peter Brandt Says Bitcoin Price Could Crash To $78,000, Here’s Why The foundation of Trader Tardigrade’s analysis lies in ETH’s weekly candlestick chart, where patterns from the previous market cycle between 2018 and 2021 provide a roadmap for its current trajectory. During that earlier cycle, Ethereum consolidated near the $500 mark for an extended period, and its then all-time high of $1,500 seemed out of reach. However, this consolidation was followed by an explosive rally in 2021 amidst a backdrop of inflows and interest in the broader cryptocurrency market. Trader Tardigrade sees parallels between that historical period and Ethereum’s ongoing price action in the 2021–2025 cycle. Therefore, the cryptocurrency’s current consolidation phase is building the necessary momentum for a similar rally, one that could ultimately push Ethereum to an unprecedented $8,000 price. ETH Long-Term Holders Await Renewed Rally To New All-Time Highs Reaching the $8,000 price target would see Ethereum trading at new highs and 64% above its current all-time high of $4,878. Although this outlook is based on parallels with the 2021 rally, factors that could push ETH in the current cycle are very different than they were back then. Ethereum’s rally in 2021 was bolstered by interest in decentralized finance (DeFi), non-fungible tokens (NFTs), dApps, and smart contracts, of which ETH was at the forefront. Related Reading: Dogecoin Price At $5: Analyzing Previous Trends And Why A 1,500% Rally Is Possible Recent market dynamics place factors such as institutional demand and inflows into Spot Ethereum ETFs as the major drivers of any projected Ethereum price rally at this point. Amidst this backdrop, on-chain data shows that Ethereum has attracted more long-term holders in 2024 compared to Bitcoin. As it stands, around 75% of ETH holders qualify as long-term holders, with many of them anticipating ETH’s move above $5,000 and beyond in 2025. At the time of writing, Ethereum is trading at $3,354, and a move to $8,000 would represent a 140% increase from the current price level. Featured image created with Dall.E, chart from Tradingview.com
With the new year approaching, some analysts forecasted a “very bullish” 2025 for Altcoins. The sector is expected to explode soon and kickstart the long-awaited “Altseason” after retesting a key support level. Related Reading: Ethereum Stays Within Symmetrical Pattern – Analyst Sets ETH Target Altcoins Retest Key Support Level Amid the recent market’s performance, many Altcoins have struggled to record significant gains. However, several market watchers forecasted the start of the altcoin will come as soon as January 2025. Fueled by the post-US election pump, the total crypto market capitalization, excluding Bitcoin and Ethereum, broke out on a three-year downtrend in mid-November, surpassing its yearly high of $788 billion. During this month’s rally, the sector surged to $1.1 trillion, its highest market cap since 2021. Since then, Altcoins has struggled over the last two weeks, dropping nearly 26% as Bitcoin lost the $100,000 mark but remains above a key level despite the recent performance. Crypto Jelle pointed out that the sector broke out and retested its “major trendline while destroying all leverage in the process.” The analyst highlighted that funding was “completely reset,” sentiment has been at its lowest, and the chart seems promising, adding he is “Very bullish for 2025.” He also noted that Altcoins’ price action is “very similar” to Bitcoin’s first major pullback of 2021. Per the chart, the flagship crypto had a “strong rally, pullback, lower high, and chopping below the first low” before breaking out to new highs. Based on this performance, Altcoins’ pullback is seemingly over, they “should start pushing back up soon if this keeps playing out the same.” Similarly, Michaël van de Poppe stated, “The correction is almost over, and the time for up only is on the horizon for Altcoins and Bitcoin. Expecting a lot to come.” Altseason To Follow 2021’s Playbook? Titan of Crypto asserted that Altcoins are set to explode soon, suggesting that “the grand finale is around the corner.” Per the analyst’s chart, Altcoins have been in a two-year cup and handle pattern, breaking out of the pattern’s upper line during the recent market highs. According to the pattern, Altcoins, excluding ETH, could see a 200% to a market capitalization of $1.4 trillion, surpassing 2021’s high of $1.13 trillion. The analyst also pointed out that, ahead of its 2021 rally, the sector saw a similar performance. In 2020, Altcoins broke out in November and saw a significant 30% drop in early December, followed by a four-week recovery. Then, they recorded a 143% surge in January 2021, which led to other three-monthly green candles before the first major retrace. Related Reading: Top Crypto Assets For Q1 2025: Grayscale Reveals The Best Altcoins Similarly, they’ve experienced a 26% drop this December, currently being on the third week out of the expected four-week recovery period. To the analyst, “Early January could mark the start of an ‘up only’ season.” Lastly, Titan of Crypto added that, during the last two cycles, Altcoins’ initial rally lasted between 140 and 175 days, suggesting that this cycle’s rally could hit a new high around April or May. If it were to follow the past cycles’ performance, it could see a first pump around Q2 2025 before peaking in Q4. Featured Image from Unsplash.com, Chart from TradingView.com
Spot Bitcoin (BTC) exchange-traded funds (ETFs) registered their first red weekly performance in a month during Christmas Week, their worst performance since September. However, analysts noted that the ETF industry saw its best year yet. Related Reading: Ethereum Looks To Reclaim All-time High, Current Cycle To Outperform Past Cycles? Bitcoin ETFs Receive Charcoal For Christmas […]
Legendary analyst Peter Brandt has provided a bearish outlook for the Bitcoin price. He predicted it could crash to as low as $78,000 and explained why he holds such a bearish sentiment. Peter Brandt Predicts Bitcoin Price Crash To $78,000 In an X post, Peter Brandt predicted that the Bitcoin price could crash to $78,000. This prediction came as he revealed a head and shoulders top pattern. The legendary analyst remarked that a complete formation of this pattern could cause a price breakdown to this target. Brandt added that this pattern might fail with a “thrust hire,” or it might morph into something else. Related Reading: XRP Price Prediction: Fibonacci And Elliott Wave Analysis Suggests $15 By May 2025 Peter Brandt stated that as it stands now, it is a head and shoulders top pattern for the Bitcoin price dealt with for what it is. The legendary analyst isn’t the only one who has raised this bearish pattern for Bitcoin. Crypto analyst Aksel Kibar also highlighted a potential head and shoulders pattern that formed on the BTC chart. The analyst indicated that this bearish pattern put the Bitcoin price at risk of dropping to $80,000. He also raised the possibility of this pullback pushing the flagship crypto to the broadening pattern that completed with a breakout above $73,600. However, the analyst suggested that this bearish pattern can still be invalidated as it still needs to breach below the neckline before this breakdown becomes a real possibility. Crypto analyst Ali Martinez also recently provided a bearish setup for the Bitcoin price. He stated that a drop below $93,600 could send the flagship crypto to $80,000 or even $70,000. On the other hand, he remarked that BTC needs to break above $94,800 to confirm a price rebound. How It Could Play Out For BTC In an X post, crypto analyst Mikybull Crypto provided insights into how it could play out for the Bitcoin price. He stated that Bitcoin might experience a dump before heading to Q1 2025 before the final rally to a cycle top. He added that 2025 will be more volatile than most market participants expect. Related Reading: Dogecoin Price Gets Caught In Long Cup And Handle Pattern That Could Send Price Crashing Below $0.2 The analyst’s accompanying chart showed that the Bitcoin price could rally to a cycle top of around $130,000. Crypto analyst Jelle also recently predicted that BTC could reach $140,000 in the next three months. Despite Bitcoin’s current tepid price action, the analyst is confident that the crypto will still rally much higher. He stated that everything points to the Bitcoin price being higher a few months from now. The crypto analyst added that it doesn’t matter whether BTC drops to $87,000 in the meantime or not, as it will still rally higher later on. At the time of writing, the Bitcoin price is trading at around $93,600, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price has successfully completed its final retest of a crucial support level, signaling renewed potential for a significant rebound. According to crypto analyst Trader Tardigrade, Dogecoin could be headed to new all-time highs, as historical chart patterns suggest a parabolic surge might be on the horizon. Dogecoin Price Concludes Final Support Retest In […]
The cryptocurrency market has been running through a period of consolidation over the past seven days, with notable corrections observed in both Bitcoin and Dogecoin. Bitcoin, after hitting an all-time high of $108,135 on December 17, has seen a retracement towards $93,000. Similarly, Dogecoin has faced pressure, dipping from its recent highs near $0.48 to settle just above $0.30 at the time of writing. According to technical analysis of both cryptocurrencies, an interesting correlation has emerged that points to Dogecoin surging to $5 in the next few months. The 800-Day Trend: A Case For Dogecoin’s Correlation With Bitcoin Bitcoin and Dogecoin have one of the biggest correlations among cryptocurrencies, particularly during market cycle transitions. Bitcoin has always led inflows and outflows into the crypto market, and Dogecoin has historically mirrored its price trends very closely. Related Reading: Doji Formation On Bitcoin Chart Suggests BTC Could See 2 Months Of Upside In The New Year As pointed out by a crypto analyst on social media platform X, these patterns often extend beyond immediate price movements. For example, the number of days between Bitcoin’s cyclical bottoms and Dogecoin’s subsequent peaks has shown a consistent rhythm. Particularly, technical analysis shows that there’s been a consistent pattern of approximately 800 days between Bitcoin’s bottom and Dogecoin’s next major peak. The historical data supporting this theory is compelling. This first time this pattern showed up was in 2017, when the Dogecoin price peaked 868 days after Bitcoin’s bottom of the preceding bear phase in 2015. Again, the 2021 bull rally exhibited this same phenomenon, with Dogecoin peaking at its current all-time high of $0.7316 875 days after Bitcoin’s bottom in 2019. What Lies Ahead For Dogecoin Price? The ongoing market cycle appears to be following a similar trajectory. Bitcoin reached its most recent bottom at $15,422 during the first half of 2023, following a long bear market that saw significant declines across the crypto industry in 2022 and early 2023. Since then, Bitcoin has entered a new bullish phase, gaining momentum in the second half of 2023 and throughout 2024. Related Reading: El Salvador Bitcoin Buying Spree Continues, BTC Holdings Now At 6,000 Keeping in mind the 800-day trend, Dogecoin’s next major peak could align with a timeline of approximately 800 days from Bitcoin’s 2023 bottom. This projection places Dogecoin’s potential peak around March or April 2024. In terms of price targets, the analysis provides an optimistic outlook for Dogecoin. Based on historical price performance and the scale of previous rallies, a price of $5 has been identified as a realistic target for Dogecoin around the projected timeline. At the time of writing, Dogecoin is trading at $0.32, down by 1.8% in the past 24 hours. If this trend repeats itself, Dogecoin’s price could soar by 1,460 % from its current levels to new all-time highs. While this seems ultra bullish, it pales in comparison to other predictions of Dogecoin price peaks. Several analysts have speculated that Dogecoin could hit as high as $20 in 2025. Featured image created with Dall.E, chart from Tradingview.com
The Dogecoin price action over the past three weeks has been characterized by notable corrections and consolidations alongside the rest of the crypto market. Nonetheless, the enduring bullish sentiment surrounding the meme coin suggests that it may be on track to undergoing a significant upward movement very soon. Recent remarks from crypto analyst Javon Marks […]
As the crypto market prepares to close the year, the Ethereum price is showing strength against Bitcoin (BTC) as it aims for a mid-high timeframe reversal. A breakout above a critical resistance level could signal a potential shift in price action, paving the way for Ethereum’s dominance and potential rally in Q1 2025. Ethereum Price Poised For Breakout Against Bitcoin A crypto analyst, known as ‘Daan Crypto Trades,’ shared a price chart representing the ETH/BTC trading pair, providing a detailed analysis of the probability of a reversal and its impact on the strength of the altcoin market. According to the analyst’s X (formerly Twitter) post, the Ethereum price is attempting to form a higher low near the 0.786 Fibonacci retracement level at 0.0337, signaling the start of a potential trend reversal against Bitcoin. Related Reading: El Salvador Bitcoin Buying Spree Continues, BTC Holdings Now At 6,000 The 0.786 Fibonacci level appears to act as a strong support zone, indicating a possible shift from bearish to bullish. Daan also disclosed that the 0.04 BTC level has emerged as a key resistance level that needs to be broken for further bullish momentum to occur. The analyst emphasized that a breakout above the 0.04 BTC level would confirm the mid-high timeframe trend reversal. If this happens, it could significantly weaken Bitcoin’s dominance and indicate an increased strength in altcoins, especially Ethereum. In the context of the ETH/BTC analysis, a mid-high timeframe reversal suggests that Ethereum could establish a bullish trend over the next few weeks to months. This timeframe is also used to assess broader trends rather than short-term price movements. Moving forward, Daan revealed that historically, the ETH/BTC trading pair have performed well during the first quarter of the year, aligning with seasonal trends that typically favor altcoins. If this historical pattern holds, the analyst believes that a breakout above the 0.04 Bitcoin level could lead to a significant rally for Ethereum and the altcoin market. Additionally, this projected rally is expected to occur in Q1 2025, resulting in a significant surge from the 0.040 BTC level to the 0.046 mark, as indicated by the analyst’s chart. Implications On The Altcoin Season If Ethereum breaks out of the 0.04 BTC level, it could mark the beginning of a bullish phase not just for the second-largest cryptocurrency but for the broader altcoin market. Historically, Ethereum’s market performance has acted as a measure of altcoin strength. Related Reading: XRP Price Prediction: Fibonacci And Elliott Wave Analysis Suggests $15 By May 2025 If Bitcoin’s dominance declines, it could trigger a surge of interest and demand from investors to altcoins. Currently, Bitcoin’s dominance is standing at 57.8%, still relatively high despite price declines and market volatility. For the altcoin season to fully kickstart, the market’s attention will need to shift from Bitcoin to alternative cryptocurrencies. A crypto analyst, identified as the ‘Crypto Rover’, disclosed in a recent post that Bitcoin’s dominance is experiencing a bearish retest and could potentially decline to 42%. If this occurs, the analyst asserts that it would be incredibly bullish for altcoins, potentially marking the start of the anticipated altcoin season. Featured image created with Dall.E, chart from Tradingview.com