Dark Defender, a prominent XRP analyst, has drawn significant attention to the token, suggesting that XRP may be setting up a move that could take the market by surprise. Despite its struggle to decisively break above the $3 mark, XRP is now forming a Falling Wedge pattern that signals the potential for a powerful breakout by October. Falling Wedge Signals XRP Breakout By October In a recent XRP price analysis, published on Monday, Dark Defender noted that the third-largest cryptocurrency has once again respected its key support levels at $2.85, despite being rejected at $3.13. The XRP price tapped into the primary support trendline, highlighted in orange on the chart, which has consistently held as a structural base. Related Reading: Analyst Predicts XRP Price Will Definitely Reach $10,000, Gives Reasons Why Importantly, the Relative Strength Index (RSI) is edging closer to oversold territory, a signal often associated with potential price reversals. While skepticism spreads across the market, Dark Defender insists that the XRP bullish structure remains intact and that disbelief itself is a sign that many could be caught off guard by what’s to come. The analyst notes that the cryptocurrency has been consolidating within a Falling Wedge pattern between July and September. According to him, October could be the month when XRP finally breaks free from the wedge and delivers a rally strong enough to surprise the broader market. Building on this momentum, Dark Defender has forecasted three potential price targets for XRP by October: $4.17, $4.92, and $5.85. These levels correspond to upper Fibonacci Extension zones, specifically 261.8%, 361.8%, and 236.8%, respectively. Meanwhile, XRP has its closest supports set at $2.80 and $2.64, ensuring a strong base for the projected Falling Wedge breakout. XRP Bullish Run Just Starting Following his earlier predictions, Dark Defender further reinforced his bullish case by asserting that XRP has not begun its true rally. He suggested a power shift is underway, hinting that what the market has seen so far is only the beginning of a larger bullish wave. Related Reading: Analyst Unveils 3-Month Prediction For Bitcoin, XRP, And Dogecoin – It’s Very Bullish This perspective arrives at a time when XRP has already delivered a remarkable performance in 2025. According to CoinMarketCap’s data, the cryptocurrency has gained 384% Year-to-Date, a surge fueled by increasing demand, rumors of a potential XRP ETF, and renewed confidence after the conclusion of the Ripple-SEC lawsuit. With XRP reaching a high of $3.65 earlier this year and trading just over 5% shy of reclaiming its former all-time high of $3.84, Dark Defender remains certain that the asset’s real growth is still ahead. Based on this view, the recent pullback below $3 is not seen as a weakness, but rather as a consolidation phase before the next leg higher. He highlighted that XRP is nearing the end of this corrective ABCDE consolidation phase and preparing for a lift-off. According to his chart analysis, once the cryptocurrency reclaims the $3.33 level, it could pave the way for double-digit prices. Featured image from iStock, chart from Tradingview.com
Crypto analyst Ash Crypto has revealed when the Bitcoin price is likely to reach $150,000, while Ethereum rallies to $8,000 and the altcoin season begins in full force. This comes as the crypto market looks to rebound, with BTC attempting a successful break above $112,000. On Bitcoin Price and Ethereum Rally And Altcoin Season Timeline In an X post, Ash Crypto declared that the Bitcoin price will rally to $150,000, Ethereum will rally to $8,000, and the altcoin season will happen in the fourth quarter of this year. During that period, he expects altcoins to pump between 10x and 50x. In line with this, he urged market participants to relax and be patient. Related Reading: Fair Value Gap Suggests Bitcoin Price Is Going Higher, But Watch Out For This Crash In another X post, the analyst stated that the Bitcoin price will likely bottom this month. Ash Crypto remarked that he is expecting BTC to form a low between $94,000 and $100,000, making everyone believe that $124,000 was the top. When that happens, he predicts that the flagship crypto will then record a massive breakout in October and reach between $150,000 and $180,000 by December. Crypto analyst Stockmoney also indicated that market participants can expect significant moves from the Bitcoin price and Ethereum in Q4 of this year, while an altcoin season could be on the horizon. In an X post, the analyst stated that BTC is following the same pattern throughout the bull market. Based on this, he remarked that impulsive moves happen in the fourth quarter, and this is where most pumps historically occur. Stockmoney noted that these rallies are usually preceded by a longer consolidation period in the form of a falling wedge or bullish megaphone. His accompanying chart showed that the Bitcoin price could reach as high as $180,000 by year-end. Altcoin Season May Already Be Starting Market commentator Milk Road suggested that altcoin season may already be starting, even as the Bitcoin price and Ethereum find their footing. In an X post, Milk Road noted that ETH has outperformed BTC over the last two quarters. ETH is up around 110% in the second and third quarters, while BTC is up 34% during this period. Related Reading: Interest In Altcoin Season Crashes 88% In August As Ethereum Price Tanks This represents an over 300% return for Ethereum over the Bitcoin price. In line with this, Milk Road declared that historically, this kind of flipping often marks the start of altcoin season. Blockchain Center data shows that the market is currently closer to altcoin season than Bitcoin season. More altcoins have continued to outperform BTC over the last 90 days. However, 75% of the top 50 coins by market cap still need to outperform BTC for it to be considered officially altcoin season. At the time of writing, the Bitcoin price is trading at around $112,000, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
In a significant move for the SUI market, bulls have successfully broken out of a key technical chart pattern, setting their sights on the next major resistance level at $3.50. This breakout signals a shift in momentum, as the price action re-establishes a clear upward trend. Technical Setup Signals Room For Further Upside Crypto VIP Signal, in a recent update on X, highlighted that SUI has sustained its bullish momentum exactly as anticipated, successfully breaking out of the falling wedge pattern. This breakout is a strong technical signal often associated with trend reversals, suggesting that the token has shifted from a period of consolidation into a phase of renewed upward strength. Such a move indicates that market sentiment is leaning toward optimism, with buyers steadily reclaiming control. Related Reading: 20 Million New SUI Tokens Push Treasury To New High – Details The update further explained that following the breakout, SUI retested the support line, a critical step in confirming the validity of the breakout. Holding this support level firmly not only reinforces the bullish structure but also builds a stronger foundation for future gains. This development underscores the resilience of SUI’s price action, as it demonstrates the ability of the market to absorb selling pressure while maintaining upward momentum. Looking ahead, Crypto VIP Signal pointed to $3.50 as the next key resistance level that traders and investors should keep an eye on. If this level is broken, it would likely attract more buyers into the market, creating the conditions for SUI to extend its upward trajectory and establish new short-term highs. SUI Indicators Align For Potential Upside Continuation Adding to the growing bullish outlook for SUI, Gemxbt recently emphasized in a post that the token is showing signs of a strong reversal. The analysis revealed that SUI’s price has crossed above both the 5-day and 10-day moving averages, which strengthens the case for continued upward pressure in the near term. Related Reading: SUI Holds The Line: Rounded Bottom Hints At 13% Breakout Setup Resistance is currently positioned near $3.35, a zone that will play a pivotal role in determining whether SUI can maintain its bullish breakout. On the downside, strong support is established around $3.20, serving as a safety net in case of short-term pullbacks. Holding this support will be essential for sustaining market confidence. In addition to these key levels, momentum indicators are also aligning with the current bullish narrative. The RSI has begun rising from oversold territory, signaling renewed buying interest, while the MACD has confirmed a bullish crossover. Together, these technical signals suggest that SUI could be gearing up for another upward push, with momentum building toward testing and possibly breaking above the next resistance barrier. Featured image from Adobe Stock, chart from Tradingview.com
The XRP price could be preparing for a historic breakout, as a prominent crypto pundit has pinpointed two key catalysts that could send the altcoin soaring to new all-time highs. As analyst sentiment flips bullish, and XRP attempts to move out from its prolonged consolidation phase, the stage may be set for the cryptocurrency’s long-awaited price explosion. Factors Set To Send XRP Price To A New ATH JD, a well-known crypto analyst on X (formerly Twitter), has identified two critical technical conditions that could propel the XRP price to a fresh ATH target. According to the expert, XRP’s path to a historic price surge depends on breaking out of a long-standing Falling Wedge pattern and invalidating the EDO Farina indicator. Related Reading: Analyst Predicts 50% “Moonshot” For XRP Price If This Line Breaks The Falling Wedge pattern has held XRP in a tight consolidation phase for an extended period, particularly evident on the weekly chart. JD considers this formation historically bullish when broken to the upside, and XRP is apparently nearing a pivotal point where a breakout could be imminent. Notably, a successful breach of this Falling Wedge pattern would signal renewed bullish momentum and potentially spark a rally toward uncharted price territory. The second factor emphasized by the crypto analyst is the need to render the EDO Farina bearish indicator null and void. JD views this technical signal as a false indicator of sustained downward movement. The market expert maintains a strong and long-standing bullish position on XRP, predicting on multiple occasions that the cryptocurrency could soon skyrocket. In one of his latest price analyses, JD outlined his bullish forecast for XRP, citing his previously accurate call of a 12x rally to $3.37. Confident in his method, the analyst now aims to apply the same strategy to pinpoint the altcoin’s next market top. JD also noted that no major news, hype, or sudden excitement is necessary to drive XRP to a new all-time high. In his view, such events often trap inexperienced traders, causing them to buy high and get “Rekt.” Building on this optimistic outlook, the analyst projects that the altcoin will eventually climb to new levels before crashing by up to 90%. Analyst Forecasts Over 250% Surge For XRP In a bold new analysis, Javon Marks, another prominent crypto analyst, shared a bullish outlook for XRP, predicting a potential price surge of over 251% from its current level. According to the market expert, historical price behavior and long-term chart patterns indicate that XRP may be on the cusp of entering its next significant upward leg, with targets set at $9.631. Related Reading: XRP Price About To Explode: XRPBTC Could Repeat 2017 Fractal Notably, XRP’s bullish target is not confined to this level. Marks believes that it could climb even higher, with his price chart featuring an arrow that points to a potential surge beyond $33 in the next few years. Featured image from Getty Images, chart from Tradingview.com
XRP is showing mixed signals across timeframes, leaving traders on edge as the price approaches the key $2.35 level. While a recent breakout from a falling wedge on the 3-day chart suggests a bullish reversal, the 4-hour chart reveals signs of slowing momentum and a possible rising wedge. With buyers and sellers locked in a battle, $2.35 could be the tipping point that decides whether XRP surges higher or slips into a near-term correction. XRP Breaks Out Of Falling Wedge On 3-Day Chart In an X post, LSplayQ highlighted a key technical development on the XRP 3-day price chart, pointing to a breakout from a falling wedge pattern. This type of pattern is commonly associated with bullish reversals, signaling that market sentiment may be shifting in favor of the bulls. Related Reading: XRP Silent Accumulation: A Falling Wedge On The Verge Of Explosion Following the breakout, XRP is currently trading around $2.26, and according to LSplayQ, the move suggests that buyers are stepping back in to reclaim control. The price action marks a significant shift after an extended period of downward compression within the wedge. If the bullish momentum continues, LSplayQ notes that XRP could target a breakout level near $2.72, which represents an upside potential of roughly 20% from the current price. That said, LSplayQ also warns of the risk of a pullback if XRP fails to hold above the wedge breakout level. In such a scenario, the price could retest the $2.10 zone as a potential support. Overall, the technical outlook leans bullish, as long as XRP maintains its position above the breakout level. Rising Wedge Pattern Signals Caution Ahead In a post on X, The Crypto Bushman pointed out that XRP is pushing higher on the 4-hour chart, but warned that seasoned traders are keeping a close eye on what lies beneath the surface. Related Reading: XRP Price Pops and Drops — Can Bulls Regain Control? According to the analyst, the price is currently trading above both the 20- and 50-day EMAs, which typically signals short-term strength. However, the overall structure appears to be forming a rising wedge, a pattern often linked to potential reversals. At the same time, momentum is beginning to fade, with the MACD flattening and volume tapering off, which Bushman describes as classic signs of a potential trap move. The Crypto Bushman emphasized that a failure to break cleanly above $2.35 could lead to the setup rolling over. In that case, the $2.25 zone becomes a critical level to watch for a possible breakdown and shift in sentiment. On the flip side, a strong breakout backed by volume could fuel another leg up toward $2.50 if buying pressure returns decisively. Featured image from Getty Images, chart from Tradingview.com
The Dogecoin price may be setting up for a significant rally as a technical analyst identifies a bullish breakout above the 50-day trendline. After months of compressed price action, the meme coin now appears poised to conclude its downtrend, igniting fresh optimism within the crypto community. Dogecoin Price Set For Game-Changing Rally Trader Tardigrade, a crypto market analyst, announced in an X (formerly Twitter) post on July 1 that the Dogecoin price has just broken above a critical 50-day descending trendline on its daily chart. With this new development, the analyst anticipates the potential start of a powerful upward price movement soon. Related Reading: Dogecoin Price Retests 100 SMA Again – Here’s What It Means For Price Notably, the trendline breakout marks a significant shift in momentum for Dogecoin, which had been locked in a consistent downtrend over several weeks. The leading meme coin is currently trading at $0.17, having declined by almost 10% over the past month, according to CoinMarketCap. With the potential end of this market downturn in sight, Trader Tardigrade suggests that DOGE’s microstructure is now beginning to show early signs of a bullish reversal pattern. In his price chart, the analyst notes that Dogecoin established a higher low, followed by a higher high after its breakout above the long-standing trendline. More recently, a second higher low has formed, reinforcing the possibility that a new uptrend is underway. This structure, characterized by successively higher highs and lows, is often seen as the earliest confirmation that buyers could be regaining control of the market. The breakout is also especially significant because it follows an extended period of lower lows and lower highs, with the 50-day trendline acting as a strong resistance barrier throughout. With that resistance now breached and early signs of a bullish market structure developing, Trader Tardigrade is increasingly optimistic about Dogecoin’s near-term prospects. If the current trend persists, it could signal the start of a sustained rally for the meme coin. Analyst Says Dogecoin Below $0.2 Is Free In a separate analysis, market expert Kaleo disclosed that Dogecoin’s current price below $0.20 presents a strong accumulation opportunity, implying that the meme coin is significantly undervalued when compared to its potential upside. Backing his view with a chart, the analyst projected that the Dogecoin price may be on the verge of a major breakout, with possible upside targets indicating a surge toward $1.5 and possibly beyond $ 3.50. Related Reading: Dogecoin Price Rocked By Market Collapse, Analyst Reveals When To Buy Kaleo’s chart analysis highlights strong similarities between Dogecoin’s current market structure, following the April 2024 Bitcoin halving, and the 2020 breakout that preceded the meme coin’s historic bull run. In 2020, Dogecoin traded sideways within a Falling Wedge pattern for months before a breakout triggered a parabolic surge to fresh ATHs. The current price action exhibits a nearly identical setup, with the meme coin now emerging from a similar multi-year Falling Wedge, potentially setting the stage for another historic bull rally. Featured image from iStock, chart from Tradingview.com
After months of muted price action, XRP appears to be quietly building pressure within a textbook falling wedge formation. With over seven months of consolidation and recent price activity pressing up against the wedge’s resistance, subtle bullish signs are beginning to emerge. As momentum coils tighter, this silent accumulation phase could be setting the stage for a significant breakout. XRP Chart Indicators Echo Uncertainty In a recent X post, GemXBT highlighted that XRP is currently exhibiting a sideways market structure. The price has been hovering around the $2.19 mark, showing signs of consolidation rather than a clear trend. This range-bound movement suggests that neither bulls nor bears are in control at the moment. Related Reading: Expert Charts 1,400% Course To $7.5 For XRP Price As RSI Falls To All-Time Low GemXBT further pointed out that the short-term moving averages — specifically the 5MA, 10MA, and 20MA- are beginning to converge. This alignment typically signals market indecision, and when combined with a neutral RSI reading near 50, it reinforces the lack of directional bias. Such conditions often precede a significant price move, though the direction remains uncertain. Adding to the neutral outlook, GemXBT noted that the MACD is flat, reflecting a lack of momentum in either direction. Volume is also relatively low, suggesting reduced trader participation and a possible wait-and-see approach by the market. This quiet environment could persist until a breakout or breakdown confirms the next move for XRP. A Bullish Break May Be Brewing According to XRPunkie in a post on X, XRP has been stuck in a falling wedge structure on the weekly chart for the past seven months. This prolonged consolidation phase reflects a period of tight price movement, with XRP gradually coiling within narrowing boundaries. Such a pattern often signals a potential breakout in the making, especially when observed over an extended timeframe. Related Reading: Ripple Plans To Take 14% Of SWIFT Volume, USDC Lands On XRPL – What Does This Mean For XRP Price? XRPunkie further highlighted that the past seven weeks of price action have occurred just beneath the wedge’s resistance line. This consistent pressure near resistance indicates growing strength on the buyers’ side. Additionally, XRP has formed a hidden bullish divergence, a signal that often hints at a continuation of the prevailing trend, in this case, pointing toward a possible upward move. The analyst emphasized that repeated testing of a resistance zone tends to weaken it over time. With XRP continuously knocking on the upper boundary of the wedge, XRPunkie believes a breakout may be imminent. He concluded with a clear stance: “Overall Bullish Soon,” suggesting that market conditions could soon favor the bulls if current momentum holds. At the time of writing, XRP was trading at $2.17 with a $128.61 billion market capitalization and $2.59 billion in 24-hour trading volume, reflecting ongoing consolidation in the market. Featured image from Getty Images, chart from Tradingview.com
The XRP price is reportedly positioning for a potential breakout as it forms a textbook Falling Wedge pattern, which a crypto analyst calls a perfect bullish setup. After a successful retest of a keg buy zone, technical indicators suggest that XRP is preparing for a powerful move toward the $3.7 level soon. Falling Wedge Setup Signal XRP Price Breakout XRP is currently entering what Robert Mercer, a TradingView crypto analyst, describes as the perfect breakout setup following a prolonged period of consolidation. This technical structure suggests that XRP could potentially experience a sharp rally from its current price of $2.25 to the $3.70 level. Related Reading: XRP Price Remains Bullish Above $2, This Falling Channel Says $3.8 Is Coming Notably, on the 2-day XRP price chart, Mercer noted that the cryptocurrency has been consolidating within a Falling Wedge pattern since late December 2024. Since establishing a local bottom at $2.11 in the same timeframe, the altcoin has repeatedly tested this bottom level without breaking below it in a sustained manner. The $2.11 price zone has also acted as a reliable horizontal support level throughout the six-month Falling Wedge formation. Meanwhile, XRP’s price action has been gradually compressing within the wedge pattern, indicating reduced volatility and increasing pressure near the wedge apex. Looking at the TradingView analyst’s chart, it appears that XRP is now approaching the Falling Wedge resistance at the upper boundary, which coincides with the $2.45 level, where a buy retest has occurred. This convergence is viewed as a potential confirmation zone. If buying momentum continues and XRP closes decisively above $2.45, the breakout would confirm the end of the Falling Wedge and potentially initiate the cryptocurrency’s next upward move. Mercer highlights that XRP’s current bullish structure is a simple yet perfect setup. And based on this setup, price targets above the wedge are projected in several stages, with $2.98, $3.36 and $3.71 serving as resistance levels based on historical price action and technical extensions. If the breakout holds and buying interest persists, the TradingView expert predicts that XRP may reach the $3.5 – $4 region over the next three to five months, aligning with past performances following similar wedge breakouts in the market. $1.40 Breakdown Still In Play If Resistance Fails While XRP’s current structure supports a bullish outlook, Mercer‘s price chart shows that a failed breakout remains a possibility. If XRP is rejected again at the $2.45 resistance level, it could resume its consolidation within the Falling Wedge pattern. This would place downward pressure on the price and may lead to a retest of lower support zones. Related Reading: Why A Sweep At $2 Is Important For XRP Price To Continue Rallying The most critical support level in this bearish scenario is located around $1.4. While this price level has not been tested directly in recent months, it marks the lower boundary of the Falling Wedge pattern. A breakdown below this level could invalidate the XRP’s wedge and bullish setup. It may also indicate a possible shift in market structure from consolidation to bearish continuation, which could result in further downside. Featured image from Getty Images, chart from Tradingview.com
The Bitcoin price has continued to trade sideways since hitting a new all-time high (ATH) of $111,900 earlier in May. Amid the current price action, crypto analyst Decode has provided insights into whether the leading crypto will rally to $120,000 or drop below $100,000 next. Analyst Reveals What’s Next For The Bitcoin Price In an X post, Decode shared an accompanying chart in which he made an ABC wave analysis of the current Bitcoin price action. Based on his analysis, the leading crypto is expected to drop below $100,000 before it rallies to a new ATH of $120,000. The chart showed that BTC could fall to as low as $96,500 on the Wave B corrective move. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next This drop to $96,500 is expected to happen this month. Once that is done, Decode predicts that the Bitcoin price could rally above $120,500 before the end of July. This will mark the Wave C impulsive move to the upside. This aligns with veteran trader Peter Brandt’s prediction that BTC could reach as high as $150,000 by late summer. However, crypto analyst KillaXBT has predicted that the Bitcoin price could hit the $120,000 target by mid-June. This coincides with the June FOMC meeting, which is scheduled for June 17 and 18. A Fed rate cut could serve as the catalyst for such a parabolic rally from the current BTC price level. According to CME FedWatch data, there is a 97.4% chance that the Fed would keep interest rates unchanged. As such, market participants aren’t expecting a rate cut, which is why the Bitcoin price could pump massively if Jerome Powell and the FOMC were to surprise everyone. Moreover, US President Donald Trump yesterday urged the Fed to cut rates by a full point. A Breakout Might Be On The Cards In an X post, crypto analyst Titan of Crypto suggested that a breakout could be imminent for the Bitcoin price. He noted that BTC is progressing inside a 4-hour falling wedge, which indicates a bullish reversal pattern. If confirmed, the analyst stated that the breakout could target the $107,500 and $109,500 zones, which are the Fibonacci confluence areas. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens Crypto analyst Kevin Capital highlighted the solid V-shape recovery for the Bitcoin price after the leading crypto dropped to as low as $100,000 on May 5. However, the analyst noted that BTC’s rebound back to the $105,000 zone won’t matter until it breaks above the $106,800 level. The leading crypto must also show actual follow-through with 3-day to 1-week closes to support a breakout. At the time of writing, the Bitcoin price is trading at around $105,000. Up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run, when the altcoin recorded significant gains. He predicts the altcoin could soon rally to double digits, mirroring the 2017 rally. XRP Price To Rally To Double Digits As It Mirrors 2017 Rally In an X post, Galaxy indicated that the XRP price could rally to double digits as it mirrors the 2017 rally. He stated that XRP is almost perfectly following the breakout pattern of 2017 after 6 years of consolidation. The analyst added that the longer the consolidation, the bigger the price move. Related Reading: XRP Reaching Oversold Levels As Net Flows Turn Negative, What’s Next? His accompanying chart showed that the XRP price could rally to almost $40 on this breakout. The analyst seems convinced that the altcoin could witness such a parabolic move, considering that XRP surged by 61,000% in 280 days in 2017. The chart also showed that the altcoin will likely reach this target sometime next year. Crypto analyst Egrag Crypto has also stated that he expects the XRP price to reach between $27 and $33 in this market cycle. He believes that a repeat of the 2017 historical performance makes these price targets achievable for the altcoin. The analyst has also alluded to factors such as the XRP ETFs and Ripple’s expansion as factors that could drive this price surge. Meanwhile, crypto veteran Raoul Pal also affirmed that the XRP price has enough room to rally to the upside from its current level. He highlighted a bull flag that had formed for the altcoin, following its consolidation phase after last year’s rally. The veteran expects XRP to witness a bullish continuation after this consolidation phase, possibly rallying to as high as $5. This would mark a new all-time high (ATH) for the token. The Altcoin In A Bullish Phase Crypto analyst CobraVanguard asserted that the XRP price is in a bullish phase, while highlighting a falling wedge pattern that was forming for the altcoin. He remarked that this pattern indicates the altcoin’s potential to reach $3. However, the analyst warned that this setup could be invalidated if the wedge pattern is broken downwards with the strength of bearish candles. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing Meanwhile, crypto analyst Dark Defender noted that the XRP price is currently in Wave B of its Wave 2 corrective move. He predicts that the altcoin could rally to its current all-time high once the B and C waves are completed in this corrective wave. The analyst is also confident that the altcoin can rally to double digits in the long term. He once predicted that the altcoin could reach $18 based on his Elliott Wave Theory analysis. At the time of writing, the XRP price is trading at around $2.38, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
A new technical analysis reveals that the XRP price has just confirmed a bullish reversal set-up on the 1-hour chart, following a strong rebound from a critical demand zone. This development has raised expectations of a potential short-term rally, as a crypto analyst forecasts higher targets in the coming sessions. XRP Price Bullish Reversal In Sight ‘FrankFx14,’ a pseudonymous TradingView crypto analyst, has revealed that the XRP price has found solid footing between the $2.31246 and $2.37028 support area. The analyst also identified this range as a historically significant demand zone where previous buying pressure has consistently reversed price declines. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing As XRP’s price dipped into this demand zone on May 17, bulls stepped in, defending the lower boundary and triggering a sharp rejection. According to the analyst, the confirmation came with a bullish engulfing candle — a widely recognized signal for a potential trend reversal. Trading at approximately $2.378 at the time of the chart analysis, XRP is now holding the top of this key demand zone, indicating renewed buying interest. The TradingView analyst has suggested that as long as the price remains above $2.37028, XRP’s bullish outlook remains intact. According to the TradingView expert, the presence of XRP’s bullish reversal setup is supported by the LuxAlgo Supply and the Demand Visible Range indicator. With XRP’s price action breaking upward from its local bottom, the analyst points to $2.4939 as the next key level to watch. This price marks the mid-level of a previous supply zone and a likely resistance area. The next bullish target for XRP is $2.6031. The analyst has described this point as a major supply zone where sellers previously gained control. These price zones are now considered primary targets for short-term traders positioning for potential upside. FrankFx14 has urged traders to wait for further confirmation, highlighting that strong trading volume and candle closes above the $2.375 level would be the key to validating XRP’s bullish continuation. Analyst Forecasts Mega Rally For The Altcoin XRP has officially broken out of a long-term Falling Wedge pattern, sparking optimism, with analysts like Crypto Avi believing that a mega rally could be on the horizon. According to his chart analysis, the token is now poised for a mid-term surge, targeting new all-time highs around $4.90. Related Reading: When Will The XRP Price Explode? Timeline Shared By Crypto Pundit Presently trading at $2.29, a surge to this bullish target would represent a significant increase of 114% for the altcoin. The chart illustrates that the cryptocurrency has been trapped in a downward-sloping channel since late 2024, consolidating in a pattern seemingly recognized as bullish. XRP is currently testing the Falling Wedge’s breakout level, which may now act as support. A sustained move above this level could confirm the analyst’s bullish thesis, paving the way for a potential climb toward $4.90. Featured image from Getty Images, chart from Tradingview.com
Dogecoin may be gearing up for its next major move as technical signals begin to turn in the bull’s favor. After a period of consolidation and downward pressure, DOGE has broken out of a falling wedge pattern, one of the most reliable bullish reversal formations in technical analysis. This breakout suggests that the meme coin could be on the verge of a potential rally, especially as momentum begins to build within a key price zone. How The Falling Wedge And Rounded Bottom Favor Bulls In a recent post on X, a crypto analyst with the username “TitaniumXBTC” spotlighted an encouraging technical setup on Dogecoin’s chart. The expert emphasized that DOGE has successfully broken out of a falling wedge formation while completing a rounded bottom formation. These two chart patterns, when combined, often signal the exhaustion of a downtrend and the start of a potential uptrend, laying a strong foundation for future price appreciation. Related Reading: Dogecoin (DOGE) Struggles to Sustain Gain as Meme Coin Mania Cools Off The analyst pointed out that this breakout has already been validated, with Dogecoin gaining momentum as it pushes beyond the key resistance area. The bullish pressure appears to be accelerating within the highlighted zone, suggesting that buyers are stepping in with growing conviction. This move, if sustained, strengthens the case for a mid-to-long-term rally, with the breakout zone acting as a launchpad for further gains. Despite the optimism, the expert cautioned that confirmation is necessary. Should the breakout hold and attract continued interest, Dogecoin could be poised to reclaim higher levels and potentially ignite a broader trend reversal. With bullish energy building, all eyes are now on DOGE to see if it can capitalize on this momentum and deliver on the promising setup. Dogecoin Bullish Path Ahead: Target Zones After The Breakout According to the crypto expert, the key price levels to watch for DOGE in the near-to-mid term are $0.3757, $0.4884, and $0.6160. These targets have been identified based on the breakout from the falling wedge pattern and alignment with historical resistance zones that could come into play as the rally progresses. Each of these levels represents a potential milestone where momentum may pause, consolidate, or even reverse, depending on overall market sentiment and trading volume. Related Reading: Dogecoin Eyes $1.80 In Summer Rally As Analyst Flags Breakout Structure The breakout’s confirmation suggests that Dogecoin has re-entered a bullish phase, and if buying pressure continues, these price levels could serve as realistic upside targets for traders and long-term holders alike. Reaching these zones may attract increased attention from investors looking for profit-taking opportunities, or even fuel additional rallies if broken with strong volume. Featured image from Getty Images, chart from Tradingview.com
Dogecoin (DOGE) is up 48.7% over the past month, as the broader crypto market rallies amid easing concerns over a potential global tariff war. Although the leading memecoin has posted impressive gains recently, analysts believe there may still be room for DOGE to climb before reaching a cycle top. Analyst Identifies Signal That May Predict Dogecoin Top According to a recent CryptoQuant Quicktake post by contributor burakkemeci, DOGE price tops often align with a surge in retail futures trading activity. The analyst shared the following chart illustrating the relationship between DOGE price peaks and periods of heightened high-frequency futures trading by retail investors. The above chart features red bubbles that mark periods of excessive retail trading activity in the DOGE futures market. These bubbles consistently appear near major price peaks, suggesting the market may be overheating during those phases. Related Reading: Dogecoin Hits Critical Zone—Here’s What 3 Leading Analysts Are Watching In contrast, green and pink bubbles on the chart represent periods with lower retail participation. These phases typically coincide with more stable or “healthier” market conditions, which could offer better entry points for new investors. The analyst emphasized that monitoring these red bubbles may help both traders and investors anticipate potential short-term tops in DOGE. Spikes in retail participation often reflect heightened market greed – frequently a precursor to sharp price corrections. At present, Dogecoin futures activity appears to be in a neutral zone, indicating that the asset may still have room to grow before nearing an overheated state. This view is echoed by crypto analyst Anup Dhungana. In a recent post on X, Dhungana shared the following weekly DOGE chart showing a breakout from a long-term falling wedge pattern – a bullish technical setup that often precedes price rallies. Based on this breakout, the analyst forecasts that DOGE could reach $1 in the current market cycle. All Eyes On $1 DOGE The $1 price target has long been a symbolic milestone for Dogecoin enthusiasts. During the 2021 bull run, DOGE reached an all-time high (ATH) of $0.73 but ultimately fell short of the coveted $1 mark. Related Reading: Dogecoin Pullback May Be Short-Lived—Here’s The Next Price Target This time, however, several analysts believe that Dogecoin could finally hit the $1 milestone. Noted crypto analyst Kevin recently pointed to $1.10–$1.25 as a plausible target, based on Fibonacci retracement levels. However, seasoned market watcher Ali Martinez cautioned that DOGE must first overcome a significant resistance level at $0.36 to sustain its bullish momentum. At press time, DOGE trades at $0.22, up 1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
The Cardano price is showing strong signs of a breakout, with a technical analyst pointing to a massive 300% explosion on the horizon. If the current pattern holds, ADA could be gearing up for a major bullish impulse that could push prices as high as $2.65 within the next few months. Master Ananda, a crypto analyst on TradingView has released a new chart report predicting that Cardano will experience a staggering 300% price surge in the next three months. The analyst’s firm bullish outlook for ADA stems from the formation of a Falling Wedge pattern on the cryptocurrency’s monthly chart. Cardano Price Aims For 300% Rally A Falling Wedge is a distinctive reversal chart pattern that suggests a potential bullish reversal after a period of decline. This pattern had been forming on the Cardano price chart since January 2025, characterized by a series of lower highs and lower lows, gradually tightening within the structure. Currently, the Cardano price has broken to the upside of the Falling Wedge, signaling a potential end to the cryptocurrency’s prolonged correction phase and the beginning of a new bullish phase. Related Reading: Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery Adding fuel to this optimistic outlook, Master Ananda revealed that ADA had formed a higher low on April 7, 2025, which aligns with the critical support zone near the $0.57-$0.60 range. The analyst views this move as a confirmation that Cardano may have reached a bottom, supported by a prior long lower wick in early February that highlighted significant buying pressure. Based on Cardano’s current technical setup, Master Ananda forecasts that the cryptocurrency will see a 300%+ increase to $2.65. This bullish target aligns with the 2.618 Fibonacci Extension level on the price chart. With Cardano currently trading at $0.7, the analyst anticipates a breakout through multiple key Fibonacci Extension levels, each serving as a future price target. The first major target lies at the 0.382 Fib, which aligns with the $0.81 level. From there, the Cardano price is expected to climb past the 0.5 Fib at $0.91, the 0.618 Fib at $1.01, and the 0.786 Fib at $1.14. If momentum persists, ADA could then rally toward a high target of $1.3 before skyrocketing to the 1.618 Fib at $1.83. Once it successfully crosses this level, the cryptocurrency is expected to reach its final projected target of $2.65 in this analysis. ADA Set For Long-Term Bullish Growth According to Master Ananda’s analysis, ADA’s current price action is just the beginning of a mid-term bullish impulse that could extend well into Q3 2025. While short-term price swings are expected, the underlying structure of the Falling Wedge pattern suggests Cardano is entering a sustained growth phase. Related Reading: Cardano Price Breaks Out Of Prolonged Bearish Trend Toward $0.7, Here’s The Next Target Furthermore, the TradingView analyst has revealed that the projected move to $2.65 is not the top of the cycle but part of a much larger trend. He stresses that this long-term bullish growth will not happen overnight. However, as long as prices hold above the 0.236 Fibonacci support at $0.69, long positions are expected to remain secure. Featured image from Adobe Stock, chart from Tradingview.com
Bitcoin (BTC) posted modest gains earlier today, trading above $87,000 for the first time since April 1. Crypto analysts now suggest that BTC may be on the verge of a sustained rally, as several key indicators are flashing bullish signals. Bitcoin Rally Ahead? These Indicators Say Yes According to a CryptoQuant Quicktake post published today, BTC is showing multiple short-term bullish signals, fuelling optimism that a breakout above $90,000 could be imminent. Related Reading: Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics In their analysis, CryptoQuant contributor EgyHash highlighted two key indicators that hint at bullish reversal for the apex cryptocurrency. First, the contributor outlined BTC’s Exchange Inflow metric. EgyHash noted that exchange inflows – the amount of BTC being deposited into exchanges – have dropped significantly in recent months. Since peaking at 120,000 in November 2024, the metric has seen a sharp decline, suggesting that holders are choosing not to move their BTC to exchanges, thereby potentially reducing sell pressure. The chart below shows a consistent drop in exchange inflows since November 2024, despite BTC’s price gains in December 2024 and January 2025. As of now, exchange inflows sit around 9,300. In addition, EgyHash pointed out that Bitcoin’s open interest has surged by $6 billion over the past two weeks. This rise has been accompanied by a positive shift in funding rates, signalling a bullish market outlook. To explain, a rise in open interest shows that more money is flowing into BTC futures or perpetual contracts, indicating increased trader participation and confidence. Similarly, positive funding rates suggest that long positions – bets on BTC price going up – are dominant, and traders are willing to pay a premium to hold these positions. That said, there is some caution to be considered here. If the BTC derivatives market becomes too leveraged, then it may increase the risk of a sharp price correction due to mass liquidations. BTC Breaks Multi-Month Downtrend In a separate X post, crypto analyst Rekt Capital brought attention to BTC breaking out of a falling wedge pattern on the daily chart. Typically, a breakout from the falling wedge pattern indicates a bullish reversal, hinting that the asset’s price may rise after a period of downward consolidation. Related Reading: Bitcoin Buy Signal Confirmed? Analysts Highlight Key Reversal Zone In Play Simultaneously, BTC’s Relative Strength Index (RSI) is approaching the 60 level, indicating renewed buying strength. That said, if RSI nears 60 but fails to push higher, it could also point to weakening momentum and a potential bull trap. Further, BTC’s futures sentiment index is showing signs of warning as the metric has been on a prolonged decline since February 2025. At press time, BTC trades at $87,386, up 3.4% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
Chainlink (LINK) is showing renewed promise after a fresh retest of a crucial support level, hinting that the bulls may be gearing up for the next phase of its upward move. The recent bounce off this key support area, previously acting as a barrier, reinforces the idea that the level has now become a strong foundation. This move reinforces the strength of the support and builds the case for a potential upside run. As LINK stabilizes above this key level, eyes are now on the next resistance zones that could define the near-term direction. With momentum gradually rebuilding, the stage might be set for a breakout that could catch the broader market’s attention. Chainlink Holds Strong: Breaking Down The Critical Support Retest According to Jimmy X in a recent post on X, Chainlink has broken out of a falling wedge pattern on the daily chart, a formation often considered a bullish reversal signal. This technical development is catching attention as it hints at a possible shift in momentum after a period of downward consolidation. Related Reading: Chainlink (LINK) Targets Rebound To $19 — But Only If This Key Support Holds Jimmy noted that LINK is currently testing the upper trendline resistance of the wedge, with trading volume steadily increasing, a strong sign that buyers are stepping in with conviction. Rising volume alongside a breakout typically reinforces the validity of the move, suggesting that this isn’t just a short-lived spike but possibly the beginning of a more sustained upward trend. He further emphasizes that a confirmed breakout followed by a successful retest of the previous resistance as support could trigger a parabolic move for Chainlink. This bullish setup, often seen as a launchpad for accelerated rallies, places LINK on track to target multiple upside levels. Key resistance points include $15.40 and $17.50, which have historically served as barriers during past price surges. Beyond these are the $20.00, $23.80, and $26.50 price levels. With technical indicators aligning and sentiment shifting, a sustained move above the breakout zone may set the stage for an extended rally. Downside Potentials While Chainlink’s recent retest of support shows bullish promise, it’s crucial to acknowledge the downside risks in case momentum weakens. If the price fails to maintain its current structure, the first level of support lies around $12.50. This level has previously served as a strong demand area, and a breakdown below it might signal the start of a deeper correction. Related Reading: Support Or Resistance? Chainlink (LINK) Investor Data Suggests Key Price Zones Further down, the $11.10 level becomes the next critical point. This area marks a prior consolidation zone and aligns with the lower trendline of the broader ascending channel, making it a vital structure for bulls to defend. A breach below this could open the door for a retest of the psychological $9.28 level, where the market may once again attempt to establish a firm base. Featured image from YouTube, chart from Tradingview.com
Bitcoin’s price correction over the past week has caused mixed emotions among investors, with some indicators pointing to possible further declines. However, according to one analyst, the current phase could represent the last opportunity to buy before the next major rally. Popular crypto analyst Captain Faibik, posting on social media platform X, believes that Bitcoin is ready for a bullish breakout as it continues to consolidate within a technical pattern that typically precedes upward movement. Falling Wedge Pattern Hints At Incoming Bullish Breakout Technical analysis of the Bitcoin daily candlestick timeframe chart shows that the leading cryptocurrency has been consolidating inside a falling wedge for nearly four months. This falling wedge pattern, known in technical analysis for its bullish implications, began in December 2024 and encompassed the period from its all-time high in January until the intense correction in March. Related Reading: The Cyclicality Of Bitcoin: What The Cyclical Crests Say About A BTC Top After peaking at around $88,500 early last week, Bitcoin spent the entire week on a gradual pullback, reaching a low of $81,300. Interestingly, Captain Faibik interprets this decline as a healthy consolidation rather than a bearish reversal, saying that the correction phase is now nearing its end. He noted that the wedge pattern suggests a breakout is due at the beginning of April and that this breakout could drive the Bitcoin price towards a new all-time high at the end of the month. The analyst predicted that the Bitcoin price would trade around $109,000 at the end of the month. If realized, this forecast would not only surpass the current all-time high of $108,786 but also affirm that the correction that played out throughout March was building toward a continuation of the broader bull cycle. Bitcoin has declined over the last two months, with February ending with a 17.5% decline and March ending with a 2.19% decline from its month-open. As such, Bitcoin closing the month around $109,000 will also mark the end of the prolonged correction trend. Whale Accumulation Increases But Retail Investors Are Hesitant The difference in behavior towards Bitcoin between experienced investors and newcomers is becoming more visible. Captain Faibik pointed out that large investors have been actively accumulating Bitcoin over the past few weeks, which typically precedes significant upward price action. This is revealed through an interesting metric from on-chain analytics platform Santiment, which shows that over 30,000 BTC were withdrawn from crypto exchanges last week. Related Reading: Bitcoin Price Drawdown: Technical Expert Gives Reasons On Why He Is No Longer Bullish On BTC And Crypto At the same time, many retail investors are on the sidelines, expecting further dips before making entries. The fact that whales are not waiting for lower prices is a strong vote of confidence in Bitcoin’s near-term trajectory. At the time of writing, Bitcoin is trading around $83,500, up by a modest 1.9% gain in the past 24 hours but still sitting 23.3% below its all-time high set in January. Featured image from Unsplash, chart from Tradingview.com
A crypto analyst has predicted that the XRP price could hit $27 soon. He describes the cryptocurrency’s current price action as a “ Bermuda Triangle or boredom phase” — a period where the market moves slowly or sideways, fuelling doubt and uncertainty among traders and investors before a price rally. XRP Price Boredom Phase To Trigger $27 Surge Crypto analyst Egrag Crypto has warned that the XRP price is in a Bermuda Triangle, a boredom phase characterized by price stagnation and market uncertainty designed to shake out weak hands before a significant price move. According to his prediction, while traders and investors are growing impatient and questioning why XRP has not experienced any notable price increases, this phase is merely a set-up for a strong rally toward $27. Related Reading: Crypto Pundit Reignites $100 XRP Price Target, What You Should Know Following a predicted downturn in mid-March, XRP has struggled to recover its bullish momentum. The cryptocurrency was one of the top-performing altcoins in this bull cycle, jumping from a $0.5 low to over $3 for the first time in seven years. Due to the current market decline, Egrag Crypto revealed that many traders are now wondering why “XRP hasn’t mooned.” The analyst explained that this price decline was intentional, forcing investors to second-guess themselves and make emotional trading decisions. He also disclosed that the XRP market is now filled with ‘What ifs’, as Fear, Uncertainty, and Doubt (FUD) cloud traders’ minds. Moreover, concerns over potential dips to $1.60 or $1.30 could push investors to panic-sell or attempt risky trades. The analyst also revealed that the XRP market is currently controlled by sharks and larger players, also called Whales. These large holders tend to influence price movements, triggering stop-losses and shaking out weak hands before a major rally. Egrag Crypto warns that new investors and traders are especially vulnerable, as frustration and boredom can lead to making financial mistakes. He disclosed that the best strategy to implement during this current market phase is to do nothing. He suggested investors stay disciplined and patient, recognizing that boredom phases are normal in crypto market cycles. The analyst also urged investors to remain vigilant and hold their positions while accumulating at ideal prices rather than react impulsively to rapid changes in the market. XRP Breakout Point Hints At New ATH In other analyses, market expert ‘Steph Is Crypto’ has announced that XRP is currently retesting breakout levels to trigger a surge to a fresh ATH. The analyst’s price chart shows a Falling Wedge pattern which has been broken above the resistance at the upper trend line. Related Reading: XRP Threatens Death Cross On 4-Hour Chart, Is Another Crash Coming? After breaking out, XRP now retests this level to confirm a larger upward move. The large green arrow on the chart points to the cryptocurrency’s projected price target, suggesting a bullish continuation if the Falling Wedge breakout holds. XRP’s upside potential is predicted to be $4 or higher if its bullish momentum is maintained. As of writing, the cryptocurrency is trading at $2.4, reflecting a 3.5% decline in the last 24 hours, according to CoinMarketCap. If its price rises to $4, it would represent a significant 66.7% increase from current levels. Featured image from Unsplash, chart from Tradingview.com
The Ethereum price is showing signs of a possible trend reversal as technical indicators like the Continuous Linked Settlement (CLS) suggest a breakout may be on the horizon. The crypto expert who shared this analysis has predicted that Ethereum is set to rebound to $2,600 in this bull cycle. Ethereum CLS Sparks Potential Price Rally David Perk, a TradingView crypto analyst recently published a detailed technical analysis of the Ethereum price. The analyst forecasts that ETH could soon reach $2,600 and beyond in the coming months. Related Reading: Crypto Pundit Says Ethereum Price Is ‘Destined’ To Reach $10,000 This Cycle, Here’s Why Perk based his predictions on Ethereum’s daily and monthly CLS. According to his analysis, if Ethereum’s price action can respect its daily CLS and liquidity zone, it could gradually move upward, targeting its monthly CLS of $2,055 before skyrocketing above $2,600. His analysis report described in detail what CLS means and how it can affect a cryptocurrency’s trajectory. Perk disclosed that CLS represents “smart money” across all markets. It is the global settlement system used by major financial institutions, including Foreign Exchange (FOREX) markets. The crypto analyst suggested that CLS processes a massive volume of capital from large investment and central banks, boasting a daily volume of more than $6.5 trillion. In the case of Ethereum, since CLS follows a structured settlement process, traders who track these cycles can potentially anticipate significant price changes and liquidity shifts. Moreover, by knowing when large institutional money is entering or exiting the market, analysts can predict ideal entry and exit points for a cryptocurrency. Perk’s Ethereum price chart shows an area marked in green, which represents the cryptocurrency’s liquidity zone. Additionally, the daily and monthly CLS can be seen, with the former acting as a support area and the latter as a resistance or target for future price movements. ETH Falling Wedge Breakout Targets $2,800 In other news, crypto analyst Marzell has shared a bullish prediction of the Ethereum price in an X (formerly Twitter) post. Marzell announced that Ethereum has successfully broken out of a Falling Wedge pattern. Related Reading: Ethereum Price Recovery: Analyst Predicts Blow Off Top To $3,300 In One Week, Here’s Why The Falling Wedge is known as a common bullish reversal pattern where a cryptocurrency’s price moves within two converging trend lines, forming lower highs and lower lows. Notably, Ethereum has broken out of this wedge, signaling a potential rebound is imminent. The breakout occurred around the $1,991 price point, confirming its bullish momentum. As a result, Marzell predicts that Ethereum could experience a massive rally to $2,821, marking a whopping 41.69% increase from its breakout level. Currently, the price of Ethereum is trading at $2,008, already seeing a rise of 3.7% in the last 24 hours. If a rally to $2,821 occurs, it would represent a surge of approximately 40.5%. Featured image from Unsplash, chart from Tradingview.com
Recent analysis reveals that the Shiba Inu price has formed a Falling Wedge pattern and is on the verge of breaking above it. Technical indicators suggest that SHIB could embark on a massive rally once this breakout occurs, as analysis predicts a price surge of over 250% in the coming months. Shiba Inu Price Gears Up For 250% Rally Shiba Inu (SHIB), the second-largest meme cryptocurrency by market capitalization, is showing signs of a potential breakout to the upside. A crypto analyst identified as Rose Premium Signals on X (formerly Twitter) highlighted that SHIB is currently retesting the perfect accumulation zone, representing a crucial support level that historically acts as a launchpad for a price rally. The analyst predicts that Shiba Inu is set for a 250% price surge to new highs. Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target After experiencing months of decline and volatility, the price formed a unique technical pattern called a Falling Wedge. This pattern is a classic bullish reversal signal that forms when there is a downward trend in a cryptocurrency’s price action. Considering that Shiba Inu has recorded multiple price crashes to new lows, the emergence of this pattern breathes optimism into the meme coin’s future outlook. Rose Premium Signals has shared a price chart, providing a clearer view of this technical pattern. The chart shows that SHIB is nearing the apex of its Falling Wedge pattern and is on the verge of a breakout. A successful breakout from this bullish pattern could trigger a sharp upward movement, propelling the Shiba Inu price by 250% towards key resistance levels at $0.00002913, $0.00003612, and ultimately $0.00004401. This final price target represents a staggering 251% increase from Shiba Inu’s current market value. The analyst has set a timeline for his optimistic prediction, forecasting that Shiba Inu will hit a price peak of $0.00004401 in the next 77 days, around April 29, 2025. On a side note, Rose Premium Signals expects a breakdown in the Shiba Inu price before this projected rally. The analyst predicts that Shiba Inu could decline and hit a final price low of $0.00001299 before it embarks on its surge to $0.00004401. This price crash is expected to occur around March 2025. If this bearish projection holds, it may present a prime buying opportunity for investors aiming to capitalize on the analyst’s 250% SHIB price rally forecast. TD Sequential Flashes Buy Signal For SHIB According to data from CoinMarketCap, the SHIB price is currently trading at $0.000015, recording declines of over 3.9% in the last 24 hours and 23.8% over the past month. While the meme coin still faces bearish pressure, crypto analyst Ali Martinez has revealed that Shiba Inu’s TD Sequential indicator has flashed a buy signal on the weekly chart. Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For Due to this technical indicator, the analyst surmised that Shiba Inu is showing signs of a potential rebound to the upside. He shared a chart and predicted that SHIB could advance toward a new target of $0.0000185. Featured image from iStock, chart from Tradingview.com
Ethereum’s price action is showing signs of an impending breakout as it moves back and forth within a falling wedge pattern on the daily candlestick time frame chart. According to an analysis first posted on the TradingView platform, this formation is a strong bullish signal that could push the Ethereum price toward $3,800 if history repeats itself. The falling wedge, which is generally known to be a bullish price action structure, is developing between the 50-day and 200-day moving averages for Ethereum, in line with a similar pattern from that preceded an Ethereum price rally last year. Ethereum Repeating Falling Wedge Pattern Ethereum has largely underperformed this cycle without any clear breakout yet. Furthermore, the cryptocurrency has yet to recover towards its 2021 all-time high unlike many of its other crypto counterparts with large market caps. Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern Technical analysis of the current Ethereum price action shows that the leading altcoin has been trading in a decline since the beginning of the year. This decline has been characterized by the formation of lower highs and lower lows, which is quite like a falling wedge pattern. What’s very interesting is that this wedge pattern on the Ethereum price chart is developing between the 50-day and 200-day moving averages, which makes it even more peculiar. The TradingView analyst highlighted that the current falling wedge price structure mirrors the March 2024 pattern, which saw Ethereum forming a triple bottom before breaking out and reaching the 0.786 Fibonacci extension level. If the same scenario unfolds, the current falling wedge could serve as a launchpad for a price surge towards a target at the $3,800 level. This represents a potential 20% upside from Ethereum’s current trading range. Resistance Levels Could Delay the Rally At the time of writing, Ethereum is trading at $3,180, up 1% in the past 24 hours. This marks a steady climb from the lower end of the wedge pattern, bringing the cryptocurrency closer to breaking above the upper trendline around $3,250. Related Reading: Historical Data Shows What To Expect From Ethereum Price In Q1 2025 – It’s Very Bullish While the technical setup leans bullish after the predicted breakout, it is important to note that Ethereum faces a significant resistance hurdle between $3,400 and $3,500. Sellers positioned at this resistance zone have acted as a strong barrier in recent months, and they have successfully stalled previous attempts by the bulls to push higher. If Ethereum fails to break through the upper end of this range, another temporary rejection could occur before any sustained move toward $3,800. If Ethereum successfully clears the $3,500 resistance, it could pave the way for a more extended bullish trend, with $3,800 as the next logical target. Notably, this $3,800 target reflects a tempered outlook on Ethereum compared to past market expectations, a sentiment shaped by its recent price action. However, if strong bullish momentum builds toward $3,800, it could trigger an even larger push toward the $4,000 mark. Featured image from Unsplash, chart from Tradingview.com
Ethereum (ETH) appears to have ‘bottomed out,’ according to crypto analyst Mister Crypto. The analyst shared this observation as investor confidence in ETH continues to wane due to the digital asset’s relatively lackluster price performance in 2024. Is Ethereum Due For A Rally? Unlike Bitcoin (BTC) and Solana (SOL), which have surged in the past year by 146% and 154%, respectively, Ethereum has risen a modest 32% over the same period. As a result, ETH holders are understandably frustrated with the digital asset’s price action, with some whales liquidating their holdings at losses of up to $1 million. Related Reading: Will Ethereum Bounce Back? Crypto Analysts Discuss Potential Price Recovery However, some analysts now believe it may finally be time for Ethereum to break out of its stagnation. Crypto trader Mister Crypto shared the following ETH/BTC monthly chart on X, showing ETH’s price bouncing off a long-standing trendline before entering a parabolic run. This analysis aligns with a recent report highlighting ETH’s four-year low of 0.031 against BTC on the weekly chart. A potential rebound from this multi-year support level could position ETH to outperform BTC in the short term. Crypto analyst Merlijn The Trader also identified a bullish falling wedge pattern forming on Ethereum’s 2-day chart. According to Merlijn, a breakout to the upside could make Ethereum’s next move “legendary.” For the uninitiated, a bullish falling wedge is a technical chart pattern that forms when an asset’s price consolidates between two downward-sloping, converging trendlines. It typically signals a potential trend reversal or continuation, with a breakout to the upside expected once the price moves above the upper trendline. In Ethereum’s case, its price must decisively break through the $3,400 level to confirm the bullish falling wedge pattern. Failure to do so could result in ETH falling to the next major support levels at $3,000 and potentially $2,400. Finally, seasoned crypto market commentator Poseidon offered a more macro perspective on ETH’s price action. The analyst noted that Ethereum has been trading within a range for the past four years. A breakout above the critical $4,000 resistance level could propel ETH beyond $10,000, based on Fibonacci price extensions. 2025: The Year Of Altseason? A full-blown altseason typically requires ETH to lead the market. Thus, a strong 2025 for Ethereum could significantly increase the likelihood of the eagerly anticipated altseason. Fortunately, many investors are optimistic about ETH’s prospects this year. Related Reading: Ethereum Poised For A Bullish Q1 2025? Here’s What Experts Say In December 2024, analysts at brokerage firm Bernstein remarked that ETH’s risk-reward ratio has become increasingly attractive. Similarly, Steno Research predicted that ETH could outperform BTC in Q1 2025, with a price target as high as $8,000. However, the $4,000 resistance level remains ETH’s Achilles’ heel. At the time of writing, ETH is trading at $3,280, down 2.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com