SUI has jumped 14% in the last 24 hours amid the market recovery. The token is attempting to recover a key support level, which could set the stage for a retest of its latest all-time high (ATH). Following its recovery, an expert at VanEck has forecasted a 300% surge in SUI’s price this year. Related Reading: Dogwifhat (WIF) Surges 16% Amid Las Vegas Sphere Project Expectation, Breakout Coming? SUI Retests Key Support Level The crypto market is moving toward a green end-of-week after a bloody Monday. The correction saw Bitcoin lose the $100,000 zone, and most cryptocurrencies significantly retrace from their January highs. Amid the pullback, SUI lost the $4 support for the first time since December, dropping to its lowest price in over a month. The cryptocurrency has been one of the strongest altcoins this cycle, leading the market throughout the Q2 2024 retraces and Q3 rally. This year, SUI has also risen as one of the leading cryptocurrencies, surging above the $5 barrier for the first time and hitting its latest all-time high (ATH) of $5.36 at the start of the month. Since then, the token has hovered between the $4.05 to $5.20 price range. After Monday’s fall to $3.49, the $4 mark acted as resistance, with the cryptocurrency failing to break past it until today. SUI jumped 9.8% to recover the key support zone, bouncing another 5% to $4.2 on Thursday morning. Crypto analyst Carl Runefelt noted that the token is testing its ascending level again after losing it as support. This ascending line has been a key support level over the last few months but acted as resistance after the recent correction. To turn this line back into support and continue its ascending trajectory, SUI must hold above the $4.18 mark. Reclaiming the ascending line could also propel SUI’s price to retest the $5 barrier. SUI’s Price Eyes Double-Digits This Year Patrick Bush, senior investment analyst at asset manager VanEck, shared his outlook for SUI’s long-term performance in a recent competitive analysis against Aptos (APT), which are often compared. According to the analyst, SUI is set to outperform APT this year due to the Network’s advantages, efficiency, and scaling potential, which has translated into a better-priced DeFi ecosystem to market makers: We believe the evidence supports Sui over Aptos due to its performance advantages and scaling potential. We find that It currently offers capabilities that are not replicated in Aptos. Among these are Local Fee Markets, Pilot Fish, and Fast Path. Additionally, Sui may offer a set of technical capabilities and economics that prove more attractive to market markers, resulting in a better-priced DeFi ecosystem. The analysis underscores that SUI’s attractiveness has drawn token investors and application builders, resulting in a better token performance and a more vibrant ecosystem. Related Reading: Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away Bush also pointed out that the cryptocurrency leads in retail investment: “In Fact, in the last 90 days, global search interest for Sui was higher than it was for Solana on 17 days and higher than Ethereum on 16 days,” he noted. The analyst projected the token to reach a market capitalization of $61 billion by the end of 2025, which would see the price rising to around $16, a 300% increase from the current range. As of this writing, SUI trades at $4.13, a 14% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
On Wednesday, Dogwifhat (WIF) led the crypto market with a 16% surge to $1.37, becoming one of the best-performing cryptocurrencies in the last 24 hours. The token swam against the current as most of the top memecoins recorded red numbers, leading analysts to suggest a possible breakout for the token. Related Reading: Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away Las Vegas Sphere About To Be WIF Hat Dogwifhat has recovered from yesterday’s drop below the $1 mark following its team’s tease of the long-awaited Las Vegas Sphere project. On Tuesday night, the official Dogwifhat X account shared a picture of its mascot in Las Vegas. The image included the cute dog with the Las Vegas Sphere as its hat and an old Nokia phone with “01.2025” on its screen. Additionally, the account stated that the “hat stays on,” explaining that dates will be shared “as soon as we are allowed.” The bullish tease propelled the token back to its recently lost support of $1.30 and reignited the broader community’s interest in the memecoin. WIF became the memecoin sensation of 2024, reaching an all-time high of $4.88 last March. The token also led the memecoin narrative during Q2 and recovered some of its early glory during the December pump. However, WIF’s spotlight was eclipsed by the oversaturated memecoin sector and the rise of many other market sensations like PNUT and CHILL, dropping 40% in the last six months and 75% from its ATH. During its 2,000% growth phase, many crypto investors put their hats on, which prompted a massive fundraising campaign to display the memecoin in the Las Vegas Sphere, the world’s largest LED screen, for a week. The community raised $700,000 to achieve this dream but was left in the dark over the last several months. In July 2024, many investors expressed concern and frustration about the project after Crypto.com displayed Bitcoin’s logo on the Sphere. Some community members questioned the project, calling the initiative an alleged scam. However, the organizer repeatedly assured the WIF community that they were working to make “wif on Sphere” happen soon. Is the Dogwifhat Bottom In? Crypto analyst Altcoin Sherpa shared his outlook on WIF’s recent performance. He suggested that the pump doesn’t seem “actually real/sustainable” based on the “overall chart/market conditions.” However, he considers that if Dogwifhat shows some consolidation above the $1.23 mark, it could see another leg up. Meanwhile, crypto trader Bluntz stated that its current levels could potentially be WIF’s bottom. According to the post, “the major A wave has now been swept” and there are some “nice signs of life forming” in the lower timeframes despite the retrace lasting longer than he anticipated. The trader previously forecasted an “inevitable” fall to the $1 range, arguing that WIF was headed for a large retrace before the next parabolic run, which could lead to a new ATH. Related Reading: ‘No Need To Panic’: Cardano (ADA) Holding Key Level Despite 14% Drop After the recent performance, Bluntz warned that it is a “very early day, and we haven’t seen a 5-wave rise from the lows ‘yet’, but I think there’s a decent chance one has begun to form.” Another market watcher also pointed out a one-month falling wedge pattern on WIF’s chart, which targets $1.90 at a “minimum and quickly” if the memecoin breaks out of the upper downtrend line at around $1.40. As of this writing, dogwifhat trades at $1.21, a 14.4% surge in the daily timeframe. Featured Image from X.com, Chart from TradingView.com
After starting the week with a red Monday, Bitcoin (BTC) has recovered the $100,000 zone, registering a 4% recovery from yesterday’s lows. Following its recovery, some crypto analysts suggested that BTC could be getting ready for a February pump. Related Reading: ‘No Need To Panic’: Cardano (ADA) Holding Key Level Despite 14% Drop Choppy January, Double-Digit February? On Monday, the crypto market suffered a shakeout generated by the broader sell-off ignited by DeepSeek’s Artificial Intelligence (AI) news. Altcoins like Ethereum (ETH) and Solana (SOL) fell 8.4% and 15%, respectively, while Bitcoin dropped 5%. The flagship cryptocurrency fell below the $100,000 mark for the first time in over a week, dipping to $98,000 on Monday. However, it has experienced a strong rebound, recovering the crucial support zone as the day ended. After surging to $102,000 on Tuesday morning, Bitcoin has been unable to reclaim $103,000, moving sideways within the $102,000-$102,990 price range throughout the day. Trader Daan Crypto noted that Bitcoin continued moving in the mid-zone of its post-election range despite the drop. “Right back into the high-volume area within this range. Doesn’t seem like the $100K mark is left behind so easily just yet,” he wrote. Daan considers that as long as Bitcoin doesn’t break below or above $90,000 or $108,000, the price will continue with its “decent but choppy” performance. However, he suggested that Bitcoin could have a better price action next month based on its historical performance. The trader points out that February has been historically BTC’s second-best month, only behind October. In the last 12 years, Bitcoin has seen a green performance during this month 10 times, registering up to 61% monthly return, according to CloinGlass data. Similarly, Rekt Capital stated that in its post-halving years, Bitcoin saw a double-digit profit in February, with 61% in 2013, 23% in 2017, and 36% in 2021. The analysts added that “8 out of the past 12 February dating back to 2013 have produced double-digit upside.” Bitcoin Next Leg Up Coming Soon Rekt Capital also considers that BTC is preparing for its next leg up. The analyst explained that Bitcoin completed its first post-halving Price Discovery Uptrend and first Price Discovery Uptrend Correction. This suggests that BTC “should be able to embark on its second Price Discovery Uptrend to new highs” in the next two weeks. According to Rekt Capital, the second phase historically starts during week 16 of Bitcoin’s Parabolic Phase, with Bitcoin currently starting the 14th week. “In Week 14 of the 2017 cycle, Bitcoin was recovering from its first Price Discovery Correction only to make new highs in Week 16 In Week 14 of the 2021 cycle, Bitcoin was still just bottoming on its first Price Discovery Correction only to make new highs in Week 16,” the analyst detailed. Related Reading: Tuttle Capital Files For 10 Leveraged Crypto ETFs Including TRUMP And Cardano As a result, Rekt Capital suggests investor “Patienlly HODL” for the next two weeks, as “confirmation Of The 2nd Price Discovery Uptrend” is set to start next month. Moreover, Bitcoin’s Monday close above $101,200 developed a “new early-stage Higher Low,” which could see the price “consolidate further here to as high as the Range High at $106,200” if it continues to hold above this level. Featured Image from Unsplash.com, Chart from TradingView.com
In the past day, Cardano (ADA) has seen a 14% retrace amid the crypto market’s pullback. The cryptocurrency recently saw its price lose the $1 mark, descending below $0.90 on Monday morning. Despite the drop, some market watchers shared a positive outlook for ADA, asserting that a rebound to $1.30 could be around the corner. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ Cardano Holds Key Higher Timeframe Support Cardano, alongside the rest of the market, ended the week with a Sunday bleeding, registering seven consecutive red candles yesterday afternoon. The market pullback continued Monday morning, with Bitcoin (BTC) losing the $100,000 support for the first time in over a week. As the market correction persisted, ADA’s price lost the $0.90 support, hovering between the $0.85-$0.89 range before recovering. Almost two weeks ago, Cardano bounced from the $0.90 support to reclaim the $1 resistance. During this jump, the cryptocurrency surged to its 2025 high but failed to break past the $1.18 resistance level, sending ADA into a downtrend. Since then, the altcoin has failed to turn the $1 resistance into support, hovering between $0.95-$1.02. The recent drop sent Cardano to a two-week low price and back to its end-of-year range of $0.83-$0.95. Nonetheless, the cryptocurrency’s price remains above crucial levels, as some market watchers noted. AMCrypto highlighted that after its 5% recovery from today’s low, ADA was back to its 2-day support level. To the analyst, there is “no need to panic” if Cardano holds the $0.80 support zone. This zone was 2024’s Q1 high, and it has served as a key higher timeframe level, fueling the altcoin’s rally once it has been turned into support in 2021 and late 2024. AMCrypto noted that “For alts to retest major support levels during a bull run is a good sign.” ADA To Reclaim $1 Soon? Other analysts shared similar predictions, suggesting that Cardano’s run would be determined by its next price move. Carl Runefelt stated that “despite the market correction, ADA is still holding on to this massive bullish pennant.” The analyst pointed out that ADA’s chart displays a 2-month bullish formation that targets $1.9 if it breaks out. However, he noted that the first target is the local top of $1.30. Runefelt explained that “if the support holds, we could see a bullish breakout at some point.” Meanwhile, ADA trader Sebastian considers that Cardano needs to close the day above $0.95. He stated it “would be amazing for ADA if this last daily candle turns green” and closes within the symmetrical triangle. Related Reading: Ready To Rocket? Dogecoin Chart Hints At Major Gains Ahead Previously, Sebastian noted that ADA’s “painful consolidation might soon be over,” as the cryptocurrency was “running out of space within this symmetrical triangle and might break out soon.” To the trader, If Cardano gets “back in the chart,” then the recent breakdown will “be busted and will likely result in a pump to the upside.” As of this writing, ADA is trading at $0.90, an 8% decline in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
Ondo (ONDO) has seen a 10% surge in the last 24 hours, reclaiming key levels and attempting to break out of its downtrend while most of the market continues moving sideways. Some analysts suggest that the new crypto-friendly administration could propel the token’s price to a new all-time high (ATH). Related Reading: $30 Million Hack Alert? Crypto Exchange Phemex Suspends Withdrawals After Suspicious Transactions ONDO Targets Rally To New ATH On Friday, tokenized real-world asset (RWA) platform Ondo Finance saw its native token lead the crypto market with its 11% daily surge. The cryptocurrency surged past the $1.50 mark for the second time this week, reigniting investors’ sentiment about the token. Over the past three months, the token has registered a 120% jump, climbing from the $0.60 mark to its current price range. Moreover, the post-election rally propelled the cryptocurrency to its latest ATH of $2.14, fueled by Donald Trump’s DeFi project’s buying spree. In December, Trump’s World Liberty Financial (WLF) went on a crypto buying spree worth $45 million, acquiring millions in Ethereum (ETH), Chainlink (LINK), Aave (AAVE), and other tokens. Halfway through the month, WLF purchased 134,216 ONDO tokens for 250,000 USDC, propelling ONDO’s price above the $2 mark. Nonetheless, the cryptocurrency’s bullish momentum was halted after the December 19 market correction, which saw ONDO retrace to $1 in the following days. Since then, ONDO has been unable to reclaim the $1.60 resistance level, hovering between the $1.09 and $1.45 price range for most of the month. Crypto trader Miky Bull noted the token’s bullish performance as it attempted to break out from its downtrend today. The crypto has been in a one-month downtrend since hitting its latest ATH, with an attempted breakout at the start of the year. Today, the token is attempting another breakout, currently holding above the downtrend line. Per the post, the “king of RWA”’s breakout could target the $2-$3 price range. However, the cryptocurrency needs to remain above the $1.30 level to confirm the break. Additionally, ONDO should hold near the $1.50 mark to continue its bullish trajectory toward the $1.60 resistance. New Pro-Crypto Administration To Fuel American Tokens? Market watcher Detoshi pointed out that ONDO has recovered a key level after its recent performance, which could support a rally toward a new ATH. According to the post, the token has reclaimed its previous ATH level, which was a crucial resistance before the December pump and significant support during the smaller market corrections. Meanwhile, Altcoin Sherpa also highlighted ONDO’s performance, stating that the cryptocurrency’s chart is “looking strong,” adding that it was a “good beneficiary of a pro-crypto administration.” Similarly, Analyst Ted Pillows suggested that investors should “keep an eye on Trump and his wallet,” which includes ONDO, as these tokens are expected to perform well during the next leg up. Related Reading: Solana (SOL) To $300 This Month? ‘All Bets Are Off’ Once It Reclaims This Level Notably, a “Made in the USA” category was created on platforms like CoinGecko and CoinMarketCap for Trump’s inauguration. This category includes ONDO, TRUMP, SUI, and other big players like Solana (SOL), Cardano (ADA), and XRP. Crypto leaders and investors anticipate that these tokens might be the “next big narrative,” fueled by the new US industry-friendly government and the expected end of the “regulation by enforcement” approach led by the previous administration. As of this writing, ONDO trades at $1.51, a 20% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
After some volatile days, Solana (SOL) has broken out of a three-day downtrend, fueling inventors’ bullish sentiment for its short-term performance. A crypto analyst suggested that SOL might be preparing to surpass $300 soon if a key level is reclaimed. Related Reading: Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch Solana Holds Despite Volatility Solana, the fifth-largest crypto by market capitalization, has performed remarkably over the last week, fueled by US President Donald Trump’s token launch. Last Friday, President Trump launched his official memecoin, TRUMP, on the Solana network after months of speculation and fake launches. The launch kickstarted a three-day crypto market frenzy that propelled TRUMP to an all-time high (ATH) of $75 and a market capitalization of $15 billion. Amid the frenzy, Solana jumped 25% in 24 hours, hitting $270 before climbing another 9.5% to its new ATH of $295.83. Moreover, Solana’s Total Value Locked (TVL) surpassed its 2021 record of $10.02 billion and hit $12.1 billion on Sunday, DeFiLlama data shows. Analyst Rekt Capital noted that Solana needed a weekly close above $250 followed by a possible retest to confirm its breakout from the re-accumulation range. However, the second launch of a Trump-related memecoin sent SOL’s price 12% down, closing the week at $241. On Sunday afternoon, Us First Lady Melania Trump announced her official memecoin, MELANIA, on social media. The token received heavy backlash from the community, and the crypto market saw a 6.6% correction in a few hours, with Bitcoin dipping below momentarily $100,000. Despite the correction, SOL held above the weekend breakout levels, hovering between the $230 to $270 price range over the last three days but failing to hold above $260 for most of this period. SOL Preparing For Jump To $300 On Wednesday, Solana’s price saw a 10% surge to $264 before retracing. Crypto analyst Jelle highlighted that the “SOL hourly chart just looks like it wants another stab at $300 this month.” The analyst pointed out that the cryptocurrency had broken out of its three-day “Post-trump shitcoin launch downtrend,” while indicators like moving averages were “back to bullish.” The post also noted that SOL’s recent performance was trying to reclaim November highs. According to Jelle, the cryptocurrency displays bullish momentum and is “on the edge of entering price discovery” like BTC. He also noted that Solana has turned its previous high against its Ethereum (ETH) trading pair into support. As a result, reclaiming the $260 range could propel SOL’s price to new highs. “Reclaim $264, and all bets are off,” he stated. Similarly, Nebraskangooner shared a positive outlook for Solana, noting that it is “consolidating right at all-time highs… no reason to think this doesn’t melt up from here.” Related Reading: Analyst Says Bitcoin Is Entering Second ‘Price Discovery Uptrend’, What’s Ahead For BTC? Analyst Byzantine General suggested there could be “a bit more chop because we are at OI resistance, but it might have already bottomed out,” but concluded that Solana “looks pretty good” in the short term. As of this writing, SOL is trading at $255, a 2.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The ongoing TRUMP memecoin frenzy has sparked the creation of hundreds of tokens inspired by the US president and his family. A recent report revealed malicious tokens and dApps using Donald Trump references skyrocketed since Friday, targeting unsuspected investors and non-crypto people. Related Reading: Bitcoin Struggles For Direction Post-Trump Disappointment – What Next? Trump-Themed Scams Skyrocket Over the weekend, US President Donald Trump surprised the crypto industry by launching his official memecoin, TRUMP. The token received heavy criticism, with several crypto investors calling the President’s memecoin venture a “big red flag.” Many community members initially suspected the token was a hacking scam, while others expressed reservations about TRUMP’s tokenomics. Regardless of the doubts, the memecoin eclipsed the market, skyrocketing to $30 in a few hours and hitting an all-time high (ATH) of $75 a day later. Web3 security platform Blockaid shared that TRUMP’s successful launch also ignited a “rapid proliferation of malicious tokens, fake dApps, and scams using the Trump name and branding,” following the trend of scammers leveraging major news events in the crypto industry to target unsuspecting users. According to the report, tokens with the “Trump” name increased by 206% on the launch day. The report stated, “Many of these tokens used misleading branding to lure investors.” The chart shows that since late December, the number of new malicious tokens with the word “Trump” has hovered between 2,000 and 3,000 daily. However, this number increased to 6,800 tokens deployed on Friday, double the usual 3,300 Trump-inspired tokens created daily. Additionally, the number of fake dApps deployed saw record rates over the weekend. The malicious applications are often used to “trick users into connecting their wallets, allowing scammers to drain funds.” Blockaid reports that impersonator dApps using President Trump’s name saw a 14x increase after the launch, with 91 malicious dApps deployed in 24 hours. Trump Memecoin Frenzy Continues The report highlighted that scammers didn’t stop at Trump-themed tokens. Memecoins with metadata referencing the Trump family, including Melania and Barron-inspired ones, surged by 592% over the weekend, “creating the illusion of an interconnected ecosystem.” It’s worth noting that US First Lady Melania Trump announced the launch of her official memecoin, MELANIA, on Sunday afternoon. The launch pushed the crypto market to a 6% correction, with Bitcoin (BTC) dropping below $100,000, and TRUMP declining 49% in an hour. On Inauguration Day, DexScreener’s main page showed a plethora of memecoins inspired by the Trump Family. Of the top 15 tokens, 11 were related to the presidential family, including the official TRUMP and MELANIA memecoins. Fake Donald Trump Jr, Ivanka, and Eric memecoins were also launched, alongside Trump-related figures like US Vice President JC Vance and Elon Musk. Despite the several Musk-themed tokens already existing, the recently launched memecoins used branding inspired by the official Trump tokens. Related Reading: Analyst Says Bitcoin Is Entering Second ‘Price Discovery Uptrend’, What’s Ahead For BTC? Moreover, the Trump memecoin frenzy continued as the US President was sworn into office. A video shared on X shows that during Trump’s inauguration speech, community members created several new tokens themed after the speech. Users flooded the market with dozens of memecoins using phrases like “Make America respected again” or “America will be admired again” just seconds after the US President pronounced them, potentially attempting to lucre from the ongoing hype. As of this writing, the official TRUMP memecoin trades at $37.6, a 1.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
As the new crypto-friendly administration takes office, crypto investors expect a likely volatile market. However, some analyst shared their bullish predictions as Bitcoin (BTC) hit its latest all-time high (ATH) of $109,000. Related Reading: $24 XRP Prediction: Bitcoin Maxi Calls It Risky But Possible Bitcoin Hits New ATH On Inauguration Day Last week, Bitcoin surged past the $100,000 barrier for the first time in over ten days amid the bullish expectations of January 20. The flagship crypto continued consolidating above this key level over the weekend, fueled by US President Donald Trump’s latest crypto moves. On Friday, the incoming US President surprised the crypto industry by launching his official TRUMP memecoin. The token saw a massive surge, hitting a $75 all-time high (ATH) and a market capitalization of $15 billion but facing significant backlash from the crypto community. As the token eclipsed the market, Bitcoin turned the key $102,000 resistance level as a support zone, propelling the price to a one-month high of $106,000. However, the market saw a 6% correction on Sunday afternoon after the then-incoming First Lady launched her memecoin, MELANIA. BTC dropped below the $100,000 mark before quickly recovering, closing the week near the recently reclaimed level. Ahead of Trump’s inauguration, Bitcoin’s price jumped 8.5% to its new all-time high of $109,588. Daan Crypto Trades noted BTC’s good start to the week after it “opened up with a small CME gap today but closed that straight away and went straight to new all-time highs,” adding that it will be an interesting week. Daan also signaled that today would likely be a “very volatile day in both directions” for the market but advised investors to “focus on what you expect for Q1 and not the next day.” BTC Price To Continue Soaring? Crypto analyst Altcoin Sherpa suggested that BTC’s price could see short-term volatility depending on Trump’s comments during his Inauguration speech. “If a Strategic Bitcoin Reserve is announced, I think BTC puts in a god candle, and everything sends,” he stated, adding that a lack of mention could start a momentary pullback. Despite the potential short-term shakeouts, some analysts highlighted that Bitcoin is entering a new price discovery phase. Rekt Capital stated, “History suggests this first Price Discovery Correction is now over.” According to the analyst, the December retrace was part of BTC’s “post-halving Parabolic Upside Phase.” Bitcoin enters a parabolic period that lasts around 300 days, each cycle after every Halving event, with the first price correction historically beginning between Weeks 6 and 8 of each parabolic phase. Related Reading: Solana Bulls Counter Bearish Pressure To Keep Price Above $240 After the recent price action, the analyst announced the second Price Discovery Uptrend lies ahead. He explained that “Bitcoin is now trying to breakout from its $101k-$106k range Daily Close above the $106k Range High resistance followed by a post-breakout retest would confirm the breakout and bring Bitcoin one step closer to additional Price Discovery.” Analyst Crypto Jelle highlighted BTC’s multi-year cup and handle pattern, which “looks like Bitcoin wants to get it over with.” The analyst suggested that the flagship crypto won’t “be waiting much longer,” adding that the long-term target remains $140,000. As of this writing, Bitcoin trades at $104,564, a 1% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
On Thursday, Chainlink (LINK) climbed from Monday’s lows to reclaim the $23 mark for the first time in over a week. The surge fueled investors’ bullish sentiment, with some market watchers forecasting a breakout to new highs. Related Reading: XRP Hits Seven-Year High After 16% Surge, Is A New ATH Around The Corner? Chainlink Whales Go On Buying Spree Chainlink jumped 9% in the past day, tapping the $23 mark for the first time in ten days. LINK rallied alongside the rest of the market during the post-election pump, surging 200% in one month. During this rally, the cryptocurrency surpassed its Mach 2024 high of $22 and reached a new multi-year high of $30. However, the December pullbacks halted LINK’s momentum, with Chainlink hovering between $20 and $25 for the rest of the month. LINK attempted to retest the $25 resistance zone during the start-of-year run but retraced during the recent market corrections, driving the price to $18, its lowest level in over a month. Amid the current market recovery, the cryptocurrency has surged 27% from its Monday low and caught the attention of analysts and large-scale investors. Altcoin Sherpa signaled that LINK could likely see a “V shape reverse up” following the recovery from the recent market “nuke.” On Thursday, Crypto analyst Ali Martinez highlighted that whales have “heavily accumulated” LINK in the last few days. According to the post, large-scale investors have purchased 1.35 million LINK, worth around $31 million, since January 14. It’s worth noting that whales have purchased significant amounts of LINK over the past weeks. In late December, Chainlink whales bought around 3.58 million LINK tokens, valued at $77 million. Meanwhile, on-chain data shared by the analyst shows that these wallets had acquired 1.4 million tokens in the first four days of 2025. LINK Holds Crucial Level Martinez suggested that the buying pressure could further impulse LINK’s momentum. Chainlink has been forming a bull pennant since hitting its December high and failed to break above the upper trendline earlier this month. However, today’s jump sent LINK’s price past the pattern’s upper trendline and, according to the analyst, eyes at the $50 target. Crypto analyst Jelle noted that Chainlink tested a key resistance into support. The analyst previously stated that Chainlink’s weekly chart was “slowly turning into a true thing of beauty” after the “painful retest” and holding the key level “firmly.” Related Reading: Ethereum Recovers From Drop Below $3,000: Analyst Points At 2021 Rally Similarities Jelle pointed out that LINK turned the $18-20 resistance zone into support after the recent retrace and rebound. This zone has been a crucial horizontal level for the token, as Chainlink has rallied to its all-time high (ATH) and new local highs when it was turned into support. Ultimately, Jelle set LINK’s initial target to $30 before the run to new ATHs. As of this writing, Chainlink is trading at $23.56, a 6% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
XRP has hit a new multi-year high after surpassing the $3 mark amid the market recovery. The ongoing rally has fueled investors’ and analysts’ bullish sentiment, suggesting that the race to a new all-time high (ATH) has started. Related Reading: Ethereum Recovers From Drop Below $3,000: Analyst Points At 2021 Rally Similarities XRP Hits $3 After Seven Years XRP has been one of the best-performing cryptocurrencies after the post-election pump, rallying over 450% since November 6. In the past two months, the altcoin has outperformed most of the market, holding above key support zones during the market’s corrections. In December, the cryptocurrency climbed to its multi-year high of $2.9, hovering between the $1.9-$2.7 price range for the rest of the month. Despite the broader market retraces, the altcoin held the range’s lower zone, confirming it as a key support level. Moreover, XRP has traded between the $2.1 and $2.6 levels for the past two weeks, holding above the $2.2 support amid the start-of-year pullbacks. Over the last few days, the cryptocurrency has been attempting a breakout, as some analysts noted. Analyst Carl Runefelt noted that XRP had been retesting the descending resistance of a one-month symmetrical triangle pattern, which targeted a surge to the December highs. On Wednesday, XRP’s price skyrocketed 30% from Monday’s lows to break above the key resistance level and reach a new multi-year high. As Bitcoin reclaimed the $98,00-$99,000 price range, the cryptocurrency soared 17% in the daily timeframe to briefly surpass the $3 barrier for the first time since 2018, trading just 12% below its ATH of $3.4. After the long-awaited milestone, XRP retraced to $2.9 again and is currently testing the resistance level as support. XRP’s Rally To New ATH ‘Just Started’ Analyst Ali Martinez shared that whales have noted XRP’s momentum as the number of large-scale transactions on the XRP network surged. According to the post, the network saw 341 transactions over $1 million in the last 24 hours. Crypto analysis firm Santiment also revealed that wallets holding 1 million to 10 million XRP have continued to accumulate the altcoin. The firm stated that these wallets have added around $3.8 billion in XRP since November 12, marking an increase of 37%. Meanwhile, Crypto trader Miky Bull pointed out that the altcoin has broken out of a multi-year downtrend line against its BTC trading pair. According to the post, the cryptocurrency broke above the trendline during its November breakout and has held above it for the past two months. Related Reading: Bitcoin Daily Close To ‘Dictate The Next Move’, Is Another Price Drop Ahead? Additionally, the trader highlights that, historically, whenever XRP broke out from its downtrend line against BTC, it would kickstart a massive rally to new highs. He suggested that if it were to repeat this behavior, XRP/BTC could be near 0.0004, which would see XRP’s price in double digits. Based on this, Miky added that the altcoin’s next target should be $4, which would represent a 37% increase from current prices. As of this writing, the altcoin is trading at $2.91, an 11% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
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
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
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
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
The market’s New Year rebound turned into a start-of-year retrace after Bitcoin (BTC) dropped from the recently reclaimed $100,000 support into the $94,000 territory. Amid the drop, an analyst shared his “cautiously bullish” outlook for BTC’s price. Related Reading: ‘ADA Wave Is Coming’: Cardano Whales Go On Buying Spree As Price Attempts Breakout Bitcoin Risks Crash To $74,000 On Tuesday, Bitcoin dropped below $97,000, dragging the market into the first pullback of the year. BTC began 2025 trading around the $92,000 level but climbed around 6.5% in the following days. After turning the $98,000 resistance into support over the weekend, Bitcoin jumped back above $100,000, reaching its highest price in weeks. However, BTC struggled to maintain this key support zone, dipping 3% in an hour yesterday. The cryptocurrency has dropped another 2.5% in the past day, falling as low as $94,500 on Wednesday morning. Since then, BTC has hovered between $94,800 and $95,600, briefly testing the $96,000 resistance. Crypto analyst Ali Martinez examined BTC’s recent performance. In an X threat, the analyst noted that Bitcoin had “breached the right shoulder of a head-and-shoulders pattern” on Monday, invalidating the bearish setup pattern. However, the reversal “erased those gains, dragging BTC back below the right shoulder and reigniting bearish concerns,” as this pattern could trigger a correction to at least $78,000. Martinez also pointed out that Bitcoin has fallen below a key demand zone, between $95,400 and $98,400, where 1.77 million addresses acquired over 1.53 million BTC. The analyst suggested the price drop could force these holders to “sell some BTC to cut potential losses.” He also noted there isn’t significant resistance ahead for the flagship crypto, with only a minimal supply wall of 107,000 BTC between $104,700 and $105,770. Nonetheless, the analyst warned that a surge in selling pressure that pushes the cryptocurrency below the $92,000 mark “could spell trouble,” as it would open “the door to a steep drop, with little support until $74,000.” “Therefore, the current market conditions, from a macro perspective, are reigniting fears of a potential Bitcoin crash,” he added. BTC Price Set To Bounce Soon? The analyst also shared a “cautiously bullish” outlook for BTC from a technical perspective. Martinez pointed out that TD Sequential presented a buy signal on Bitcoin’s 4-hour chart, suggesting a potential price rebound if the price can hold the $93,500 support zone. Additionally, he highlighted that traders on Binance “are leaning bullish on Bitcoin,” as 61.28% of all traders on the crypto exchange with open positions are betting that the price will go up. Martinez also noted that $35 million would be liquidated if BTC’s price rebounds to $98,600, suggesting that market makers “may try to grab” it. Similarly, there’s another $66 million liquidation zone above $103,300. Related Reading: Crypto Trader Makes $21 Million From AI Agent Token As Sectors Faces Backlash However, the analyst emphasized that Bitcoin must reclaim the $100,000 support to invalidate the bearish outlook and “set its sights on new all-time highs.” Martinez concluded that BTC could rebound to $98,600 in the short term, but “the macro suggests caution.” As of this writing, Bitcoin is trading at $94,500, a 3.3% retrace in the daily timeframe. Featured Image from Unsplash.com, 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
As Bitcoin (BTC) continues to move sideways, investors wonder whether the flagship crypto will end the year positively or on a sour note. Some analysts suggest a close above recently lost levels could propel BTC’s price to new highs. Related Reading: Analyst Forecast ‘Highly Bullish’ 2025 For Ethereum: Is The Bleeding Over? Bitcoin’s Red Week, Green Year Since breaking past the long-awaited $100,000 barrier in early December, Bitcoin has seen two significant corrections to the lower zone of its one-month range. Throughout the month, the flagship crypto’s price has traded between $90,000 and $108,000, hovering between $96,000 and $102,000 for most of December. However, since reaching its latest all-time high (ATH) of $108,353 ten days ago, Bitcoin has lost the $100,000 support zone, falling to its lowest price in weeks. Over the past week, BTC has struggled to reclaim the $98,000 support zone, losing its Christmas retest above this level on Thursday. Now, the largest crypto by market capitalization moves within the mid-zone of its monthly range, displaying a candle that “doesn’t look great but also not the worst. Neutral, and still a few more days to go,” as Altcoin Sherpa stated. The analyst suggested that Bitcoin could see “some weird price action over the next few weeks with despair followed by an absolute moon mission and killer alt season.” Meanwhile, Daan Crypto Trades called BTC’s current price action the “end of the year chop.” He noted that as Bitcoin moves sideways, liquidity is “building on both sides,” with an area of interest below $94,000 and a key level above the $100,000 mark. Some investors asked the community to zoom out on BTC’s chart, highlighting that the cryptocurrency remains within a historical range despite the horizontal trajectory. If Bitcoin were to end the year at its current price, it would still record a 48.15% return in Q4 and a 122% increase in the yearly timeframe. Bitcoin Risks Fall To One-Month Lows Analyst Carl Runefelt considers that investors should watch the $92,500 support zone, as breaking below that horizontal level could send BTC’s price to $86,000. Similarly, Ali Martinez warned investors about a key level for BTC. Martinez asserted that investors “don’t want Bitcoin to dip below $92,730,” explaining that it is “essentially free fall territory” if the flagship crypto loses that level. According to the analyst, the flagship crypto could fall as low as $70,000 if it loses the key support zone based on the UTXO Realized Price Distribution (URPD) chart. In a previous post, he explored a bearish outlook where BTC could fall as low as $60,000, noting that several experts forecasted a correction anywhere from 23% to 36% for BTC. Martinez considers a 25% crash to the $70,000 mark possible, as the URPD chart shows minimal support below the $93,806 and $92,730 zones. “If this critical demand area doesn’t hold, we could see a sharp drop to $70,085,” he warned. Related Reading: New Solana Memecoin Leader? PENGU Flips BONK Amid Whale Accumulation He also pointed out that Bitcoin broke below one of its “most significant support zones at $97,300,” which suggests a bearish outlook while it isn’t reclaimed. However, the analyst asserted that this outlook would be invalidated if BTC has “a sustained close above $97,300 and, more critically, a daily close above $100,000.” Martinez added that reclaiming these levels could start the next leg toward the $168,000 target. As of this writing, Bitcoin is trading at $94,587, a 1.24% decrease in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum (ETH) has started to climb some levels after it fell to the $3,100 support zone last week. The second-largest cryptocurrency is attempting to break from its downtrend, with some market watchers suggesting it is poised for a massive run in 2025. Related Reading: Is Altcoin Season Here Already? VanEck Answers As Bitcoin Price Struggles Below $100,000 Ethereum Key Levels To Reclaim With only a week left in 2024, several market watchers have started forecasting the crypto market’s potential performance for next year. Despite the recent pullbacks, several analysts have predicted a remarkable performance for Ethereum in 2025. The King of Altcoins has struggled to turn the $4,000 level into support. After breaking past this level earlier this month, ETH has been rejected from this price range three times. Its latest attempt occurred a week ago when Ethereum soared to $4,100 before retracing 7.3%. As Bitcoin (BTC) fell to $92,000, the second-largest crypto continued its freefall to the $3,100 support zone, reaching its lowest price in a month. Since then, Ethereum has hovered between $3,200 and $3,550 but failed to break past the price range’s higher zone for the past four days. However, the cryptocurrency has broken out of its downtrend line and is attempting to reclaim the $3,500 support. A crypto analyst noted that ETH appears to have broken and retested its one-week downtrend after reclaiming the $3,400 support. According to the post, a “clean breakout” of this downtrend could lead the cryptocurrency to a retest of higher levels. Ali Martinez highlighted that ETH’s next big support zone was between the $3,032 and $3,132 price range, with 4.85 million ETH bought by 3.69 million addresses. Meanwhile, Ethereum’s next big resistance wall is between $3,640 and $3,740, where over 2 million addresses bought around 4.3 million ETH. To Martinez, “a sustained close outside this no-trade zone will determine the direction of ETH’s trend.” Will ETH Follow 2021’s Performance? Analyst Ted Pillows pointed out that “the first four months after U.S. elections are often highly bullish for ETH.” Per the chart, Ethereum registered massive gains in the first third of the year after the 2016 and 2020 US elections. In 2017, Ethereum started the year with a 31.92% increase in the first month, while it recorded a 78.51% surge in January 2021. In both years, ETH hit its peak monthly performances between March and April, seeing 214% and 44% returns in 2017 and 2021, respectively. If Ethereum repeats this historical performance, its price could surge above its all-time high (ATH) of $4,878 in January and continue to climb during the rest of Q1. Crypto trader Immortal noted that Ethereum’s recent performance resembles its 2020-2021 price action. According to the chart, ETH saw a significant rise in early 2021 before consolidating in its new range. This was followed by a breakout and a massive drop to retest consolidation zone. Related Reading: Solana Recovery Momentum Set The Stage For $194 Resistance Breakout However, when ETH reclaimed its breakout levels in 2021, the cryptocurrency continued rallying toward its previous ATH of $4,300, eventually hitting its current ATH at the end of the year. The trader notes that ETH is retesting the consolidation range after last week’s dip, which signals that the cryptocurrency could soar in the coming weeks if it follows a similar path. As of this writing, Ethereum is trading at $3,501, a 6.3% increase in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
In a thread on X, crypto researcher Alex Wacy (@wacy_time1) shared 15 eye-opening insights about the current bull cycle with his 183,000 followers. Wacy’s analysis covers a range of topics from Bitcoin dynamics to emerging technologies like AI and DePIN (Decentralized Physical Infrastructure Networks). Here’s a detailed look at his revelations. #1 Bitcoin Season Is Memecoin Season “When Bitcoin rises, people often buy memecoins en masse, which positively affects their prices,” Wacy observed. In contrast to the previous bull run, capital flows directly in the most high-risk sector of crypto. The surge in Bitcoin’s price tends to trigger a ripple effect in the memecoin market, leading to significant price appreciations for these tokens, leaving out more fundamentally strong altcoins. #2 Long-Term Bitcoin Holders Are Selling Aggressively Wacy highlighted a notable sell-off among long-term Bitcoin holders. “They have already sold nearly 730,000 BTC over the month,” he noted. Interestingly, US spot ETFs are absorbing about 90% of this selling pressure, playing a crucial role in stabilizing the market. #3 Solana Above $500 May Be A Reality “Even when the memecoin era comes to an end, AI and DePIN projects’ developers continue to opt for Solana,” Wacy pointed out. With the massive attention on memecoins, AI, and DePIN narratives, Solana is still the leading ecosystem which will eventually push SOL’s price above $500. Related Reading: 9 Crypto Predictions For 2025: Nansen CEO Forecasts Biggest Bull Run Ever #4 Blockchain-Based AI Agents Are Still Undervalued “AI agents are already making their mark in the real world. However, AI built on blockchain offers greater decentralization and privacy,” Wacy stated. He suggests that blockchain-based AI projects have untapped potential and are currently undervalued in the market. #5 Ethereum Is Set to Rise Ethereum’s open interest has surpassed its previous all-time high, exceeding $13 billion—a growth of over 40% in the last four months. This surge indicates increased investor interest and could signal a significant upward movement in Ethereum’s price. “Ethereum is set to rise,” Wacy predicts. #6 Most Ethereum Layer 2s Will Fail Wacy expresses skepticism about the proliferation of Ethereum Layer 2 solutions. “The most promising L2s at the moment are Base and Mantle,” he commented. He warned that unless the Ethereum Foundation develops “a concept of L2 hubs,” 90% of L2 chains might not survive the next bear cycle. #7 Trendy Technologies Will Succeed “AI, DePIN, and RWA are the future. At least that’s how retail sees it, so keep an eye on these trends,” Wacy advised. According to him, investor’s core capital should only be invested in these three most powerful narratives in the ongoing bull run. Related Reading: From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs #8 Non-Key Narratives Are Great For Speculation Wacy highlights the speculative potential in less mainstream sectors like Decentralized Science (DeSci). “While it may be less popular, it has been and will continue to be well-pumped,” he remarked, indicating opportunities for more high-risk averse investors. #9 Quantum Crypto Is Gaining Attention “Quantum stocks have surged over 1000% in just one month,” Wacy noted. He suggests that investors should monitor quantum-related crypto projects, as this sector may experience significant growth in the upcoming months. #10 Exercise Caution With Market Sentiment “Take what people say here with a grain of salt. They’re often too bearish during dumps and too bullish during pumps,” Wacy warned. He recommends critical analysis of market sentiment indicators, which can be misleading during extreme market conditions. #11 Timing Is Crucial For Offloading Altcoins “When you consider offloading your altcoins and everyone labels you an absolute idiot, that’s your cue for the best moment to cash out,” Wacy suggested. Contrarian strategies might offer optimal exit points for altcoin investors. #12 Valuing Insights From Crypto Analyst Cobie “I think Cobie knows something a little more about this market than we do,” Wacy said, referring to well-known crypto analyst Cobie (@cobie). He advises listening to Cobie’s who famously stated earlier in this crypto bull run that investors should focus 70% of their capital in cat themed memecoins, 20% in other animal memecoins and only 10% in all other coins for maximum profit. #13 Traditional Market Rules Still Apply “Even though this cycle differs greatly from previous ones, altcoin growth remains heavily reliant on Bitcoin dominance,” Wacy observed. Despite new market dynamics, Bitcoin continues to be the most important influence over the broader crypto market. #14 Market Cycles Remain Unchanged “The market is a cycle. Today it’s memes, tomorrow it’s technology, and the day after, regulations. Cycles have never been canceled. Remember that,” Wacy emphasized. Understanding the cyclical nature of markets can help investors navigate volatility. #15 Strategic Investment Considerations “Some people might benefit more from seeking dips in alpha plays, rather than attempting to catch another risky beta play. Reflect on it,” Wacy concluded. He encourages investors to focus on high-quality investments with strong fundamentals instead of chasing high-risk opportunities. At press time, Bitcoin traded at $94,875. Featured image created with DALL.E, chart from TradingView.com