ReportWire

Tag: altcoins

  • Why Gold & Silver’s All-Time Highs Are Very Bullish For Bitcoin And Altcoins

    Gold and silver have recently dominated headlines, outperforming both Bitcoin and altcoins in the broader crypto market. While both precious metals recorded new all-time highs in 2026, many altcoins failed to reach similar milestones. Bitcoin, by contrast, did achieve an ATH in 2025; however, following that peak, its price retraced sharply to new lows. With this in mind, analysts argue that the strength of gold and silver does not pose a threat to digital assets. Instead, they interpret the divergence as a major bullish signal for Bitcoin and altcoins

    Gold And Silver ATH Signals Bitcoin And Altcoins Upside

    Crypto market expert Mark Chadwick delivered a detailed analysis of precious metals and cryptocurrencies on X this week, pointing to what he calls “the biggest price divergence” ever recorded between gold and Bitcoin. His chart and analysis suggest that a strong performance in gold could be a major indicator for a potential rally in cryptocurrencies. 

    Related Reading

    Chadwick noted that gold has surged aggressively, reaching an ATH of over $5,600 in January 2026. This price rally has pushed the metal into extreme overbought levels on higher timeframes. In contrast, Bitcoin is facing prolonged weakness and negative sentiment in 2026, despite reaching an all-time high above $126,000 in October 2025. 

    Source: X

    The analyst suggested that this performance imbalance has reached levels that typically signal a major market shift. Gold and silver have been boosted by factors such as central bank accumulation, inflation hedging, and geopolitical pressures. At the same time, Bitcoin has been weighed down by tighter liquidity, reduced investor interest, and risk-off conditions. As a result,  traditional safe-haven assets have entered overbought territory, leaving BTC and altcoins largely overlooked. 

    Chadwick argues that markets move in cycles driven by sentiment and positioning. When one asset becomes excessively overbought, returns diminish, and capital seeks higher upside elsewhere. In past macro cycles, periods of strong performance in gold and silver have often been followed by capital rotating into higher-risk assets once fear subsides. 

    Based on his analysis, Bitcoin’s current positioning reflects exhaustion rather than structural weakness. Chadwick believes that when manipulation ends and capital starts flowing out of gold and silver into BTC, it could set the stage for a sharp rebound in the leading cryptocurrency. Since altcoins typically follow Bitcoin’s performance, the analyst expects that once Bitcoin regains momentum, some of that profit could also rotate into select altcoins, fueling a price rally. 

    Related Reading

    How High Bitcoin And Altcoins Could Rally 

    Chadwick has stated that Bitcoin’s price could easily surge 10x as capital flows back into it and market sentiment and liquidity improve. However, the chart outlines a short-term rally, projecting a 91.60% rise to $170,000 from the $82,000 region. The analyst also predicted that altcoins could rise 50-100x, reflecting a staggering potential for gains in the crypto market. 

    He concluded his analysis by emphasizing that smart money knows massive returns often come from diversification. From this perspective, the current ATHs of gold and silver do not undermine cryptocurrencies but signal an upcoming shift in capital

    Bitcoin price chart from Tradingview.com
    BTC falls to $82,000 | Source: BTCUSD on Tradingview.com

    Featured image created with Dall.E, chart from Tradingview.com

    Sandra White

    Source link

  • Altcoins Don’t Move Slowly: 6-Week Window Can Rewrite Years Of Price Action

    Crypto traders often assume that meaningful gains need long timelines to take place, and they often give up during the wait and silence. However, crypto has a habit of shattering that belief without warning. History shows that when conditions line up, altcoins do not grind higher over years. They release and erase multiple years of drawdowns in a matter of weeks. 

    That memory was highlighted by a crypto commentator known as Waterman on the social media platform X, who noted a familiar seasonal window between February and late April to early May for an altcoin explosion.

    Related Reading

    Speed Matters More Than Time

    The most notable example of an altcoin rally season was in 2021, when the entire altcoin market went on a rally to new all-time highs, many of which are still unbroken for some cryptocurrencies. 

    The 2021 cycle delivered some of the clearest reminders of just how fast capital can rotate once momentum takes hold. Solana moved from roughly $20 to $200 in about 50 days, a clean tenfold run. Although Solana has since broken above this peak to register a new all-time high of $293 in January 2025, this was still Solana’s most explosive rally to date.

    Dogecoin followed an even sharper trajectory, climbing from $0.07 to a peak of $0.73 in under a month due to speculative interest that flowed into other memecoins like Shiba Inu. Unlike Solana, Dogecoin is yet to reclaim or surpass this peak price.

    Avalanche went further, rallying from around $3 to $60 in less than 40 days, a twentyfold expansion that unfolded faster than most long-term projections ever anticipate. None of these moves required years of development or prolonged accumulation.

    Total crypto market cap currently at $2.96 trillion. Chart: TradingView

    A Timeframe To Watch Closely

    Notably, February through late April or early May has more often than not been the period where altcoin performance increases the most. If that pattern repeats, the coming weeks may matter far more than the years that came before them.

    At the time of writing, the notion of an altcoin season is still impeded by strong Bitcoin dominance. Much of that comes down to how the entire crypto industry ecosystem has changed massively since 2021, especially after the launch of crypto-based ETFs. That steady demand has kept capital inflows concentrated around Bitcoin and slowed the usual rotation into altcoins.

    Meme coins like Dogecoin and Shiba Inu have struggled to keep up in terms of price action, even with the launch of Dogecoin ETFs. Although the ETF has boosted visibility, it has not yet resulted into sustained upside.

    At the same time, investors have become more selective, favoring cryptocurrencies tied to clearer utility. As a result, many crypto communities have been working to create utility for their meme coins.

    Related Reading

    Nonetheless, as noted by Waterman, you only need about four to six weeks for an altcoin to wipe out three to four years of suffering. You don’t need one to two years for altcoins to make massive gains.

    Featured image from YouHodler, chart from TradingView

    Scott Matherson

    Source link

  • Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean?

    A growing number of analysts believe Ethereum’s current price action is being misunderstood. Although frustration is growing due to Ethereum’s inability to hold above $3,000, some technical analysts are quick to point out that the structure forming beneath the surface tells a very different story. According to one analyst, the real risk right now is not being bullish on Ethereum and trying to short in anticipation of a downside breakout.

    Related Reading

    Higher Lows And A Structure That Keeps Tightening

    The analyst’s technical view on Ethereum is focused less on short-term momentum and more on the structure developing on the chart, which he argues is even clearer than what is currently visible on Bitcoin’s chart.

    Notably, Ethereum’s price action is carving out a series of higher lows on the daily candlestick timeframe chart to form a tightening triangular pattern since December 2025. This kind of behavior shows that each pullback is being absorbed at progressively higher levels, which is how strong trends reset before continuation.

    Ethereum needs to avoid a breakdown below key support zones in order for this trend continuation setup to still be valid. According to the analyst, a dip under $2,860 would begin to weaken the pattern, while a close below $2,780 would invalidate the higher-low structure. 

    At the time of writing, Ethereum is trading around $2,950, which is dangerously close to the lower boundary of this setup. Therefore, some traders will be tempted to short Ethereum at this level, but the analyst called it the dumbest thing to do here.

    As long as those levels ($2,860 and $2,780) hold, the analyst sees no technical justification for betting against ETH, especially near the lower boundary of the channel where buyers have repeatedly stepped in. 

    ETHUSD now trading at $2,946. Chart: TradingView

    If support holds, the next move would be a gradual return to the upper trendline of the channel, which is just below $3,340. A move into that region would bring price back into direct contact with overhead resistance and set the stage for a breakout if buying pressure continues to increase.

    Ethereum Price Chart. Source: @Tryrexcrypto on X

    The Bigger Picture Behind Ethereum’s Price Action

    Ethereum is entering 2026 without clear bullish momentum, a reality that has dampened sentiment across the spot and derivatives markets. Spot ETF inflows into Ethereum and Bitcoin have slowed down, and issuers have been highlighted with consistent days of outflows.

    Nonetheless, major asset managers are still holding huge amounts of Ethereum and are working on diversifying their activities on Ethereum. BlackRock, for example, filed with the SEC in December to launch a staked Ethereum exchange-traded fund, a move that will bring in more institutional investors into the Ethereum ecosystem.

    Related Reading

    Speaking of staking, BitMine Technologies recently amped up its ETH staking to over $5.71 billion worth of Ethereum. On-chain data from Arkham Intelligence shows that the firm has staked an additional 171,264, worth $503.2 million, pushing its total stake to over 1.94 million ETH.

    Featured image from Unsplash, chart from TradingView

    Scott Matherson

    Source link

  • Analyst Reveals How Far Bitcoin Price Will Crash If The Uptrend Doesn’t Continue

    A warning signal is flashing on the charts, with market analysts predicting that the Bitcoin price could collapse again soon. According to technical analysis, if BTC fails to continue its uptrend, it could repeat the bear-market crash from past cycles, potentially dragging its price down by double-digit percentages. 

    Bitcoin Price To Repeat 2022 Bear Market Crash?

    Crypto analyst Tyrex believes that Bitcoin may be approaching a critical turning point if the current uptrend fails to hold. In his latest BTC price outlook on X, he compares the current market structure to the April 2022 cycle, when Bitcoin made an ATH and then crashed hard for weeks. 

    Related Reading

    Tyrex disclosed that Bitcoin dropped roughly 45% from its all-time high in 2022 before entering an extended consolidation phase that lasted nearly four months. The accompanying chart shows that during that period, prices respected clear horizontal boundaries, creating a false sense of strength and stability, all while underlying weakness continued to build. 

    That consolidation eventually led to an upside fakeout, with the Bitcoin price briefly breaking resistance before reversing sharply. Unfortunately, the rejection triggered a continuation of the broader downtrend that year, resulting in another aggressive price crash that wiped out remaining bullish confidence. 

    According to Tyrex, BTC’s current chart structure closely mirrors the same historical setup from 2022. Bitcoin has once again pulled back sharply after reaching an all-time high of over $126,000. Additionally, the cryptocurrency has spent roughly two months consolidating within a defined range, repeatedly stalling at resistance levels. 

    Tyrex warns that Bitcoin is barely holding above $95,000, which aligns with the resistance zone shown on the chart. If price fails to recover and continues to stall near this level, the move higher could turn out to be a fakeout, potentially leading to another sharp dump— just as it did in 2022. The red-shaded area on the chart shows how far BTC could crash if the uptrend breaks, with the analyst projecting an 11.04% drop to the $86,000-$84,000 range. 

    BTCUSD now trading at $95,259. Chart: TradingView

    Bitcoin Set For March ATH And May Flash Crash

    Another forecast from market expert CryptoXLarge outlines where Bitcoin could be headed over the next four months. The analyst bases the outlook on historical market behavior, suggesting the current cycle may be replicating past cycle peaks. 

    CryptoXLarge points to January 2026 as a phase of quiet accumulation with controlled price action and muted volatility. February is expected to bring a powerful rally as momentum builds rapidly and buyers push the BTC price higher. This surge could set the stage for Bitcoin to reach a new all-time high around $240,000 in March. 

    Related Reading

    After this projected peak, April will likely be a bull trap where the price appears strong but fails to sustain upward momentum. The forecast concludes with a warning of a flash crash in May 2026, during which prices could pull back to fresh lows. 

    Featured image from Unsplash, chart from TradingView

    Scott Matherson

    Source link

  • Analyst Outlines The Bull Case For XRP And Why Price Will Hit All-Time High Soon

    XRP is now back to trading just above the $2 level after an early January rally briefly carried its price action into the $2.40 range. The pullback has so far been controlled, with price holding above former resistance that has now turned into short-term support.

    A technical analysis shared on X by crypto analyst Bird proposed that conditions are now right for a familiar macro setup that has preceded XRP’s largest historical rallies. The focus of this outlook is on XRP’s reaction with the US dollar index and what its next move could mean for the cryptocurrency.

    Related Reading

    How DXY Weakness Has Always Unlocked XRP Rallies

    Bird’s analysis is based on the US Dollar Index, or DXY, and its inverse relationship with XRP during important phases. The chart accompanying his post pointed to three previous periods, around 2017, 2021, and 2024, where sustained weakness in the dollar coincided with aggressive upside moves in XRP. 

    In each of those cycles, red candles on the DXY chart led to a loss of dollar strength, while XRP responded with strong upward expansion shortly after. This recurring pattern means that XRP’s largest moves tend to follow macro shifts, not just even events related to XRP. When dollar dominance fades, capital always rotates into crypto assets, and XRP has been one of the primary beneficiaries of that transition.

    Interestingly, the current setup shows that DXY has returned to a similar structural zone seen before past rollovers. As shown in the chart below, the DXY is now trending downwards.

    US Dollar Index, XRPUSD. Source: @Bird_XRPL On X 

    XRP To New All-Time Highs?

    The first highlighted phase captures the late-2017 to early-2018 cycle, when a weakening dollar backdrop lined up with XRP’s rally run into the cycle peak in the mid-$3 range.

    A similar relationship appeared around the 2020-2021 window, where dollar softness was followed by XRP surging to $1.90 at its cycle top. The latest was in H1 2025, which culminated in XRP reaching its current all-time high of $3.65 in July.

    XRPUSD currently trading at $2.09. Chart: TradingView

    The important context is why the current moment is a decision point. At the time of writing, the DXY is sitting around 99, and from here it can either turn lower and start printing red candles again or catch a bid and print green.

    If DXY starts printing red candles again and rolls over, the pattern Bird is pointing to suggests the macro backdrop becomes supportive for another strong XRP leg higher, which is why a new all-time high above $3.65 could come into view within the next few months. 

    Related Reading

    If DXY prints green and strengthens, that would be the opposite signal: it can tighten liquidity conditions and keep XRP’s price action capped in consolidation around $2 before any breakout attempt. Either way, the dollar’s next move will signal what comes next.

    Featured image from Unsplash, chart from TradingView

    Scott Matherson

    Source link

  • $18 Million Ethereum Loss Sends Whale Running To Gold

    A large crypto wallet that recently took a sharp loss on Ethereum has restructured its holdings, moving away from volatile tokens and increasing exposure to stablecoins and tokenized gold, according to on-chain tracking data.

    Related Reading

    The address drew attention after an aggressive Ethereum purchase late last year went wrong. Between November 3 and November 7, 2025, the wallet spent about $110 million to acquire 31,005 ETH at an average price of $3,581.

    As prices slid, the position was unwound. Nearly the entire holding was sold for roughly $92.19 million, locking in a loss close to $18 million within two weeks. At current prices near $3,020, that same Ethereum stack would now be valued at around $93.6 million.

    Shift Away From Ether After Costly Exit

    Based on reports from blockchain monitoring platforms, the sell-off marked a clear change in behavior. The wallet, once heavily tied to Ethereum, no longer holds a large directional bet on the asset. Instead, balances have been spread across cash-like tokens and commodities. The move reflects caution rather than an attempt to quickly recover losses.

    Gold Buying Shows Preference For Lower Volatility

    According to on-chain records, the address began building a position in Tether’s tokenized gold product, XAUT. Starting on Friday, the wallet spent $14.58 million in USDT to buy 3,299 XAUT across several transactions.

    The average purchase price came in near $4,421 per token. This was not the first gold buy. A smaller XAUT acquisition was made on December 13, roughly three weeks earlier. As of the latest data, the wallet holds 3,386 XAUT tokens worth about $14.92 million.

    ETHUSD now trading at $3,136. Chart: TradingView

    The broader portfolio now totals close to $91 million. About $58 million sits in USDT, another $18 million is held in USDC, while the remainder is split between XAUT and a reduced Ethereum balance. The composition points to capital protection rather than high-risk positioning.

    Metals Outperform Crypto In 2025

    Returns from last year help explain the change. Reports have disclosed that Bitcoin fell by 6% in 2025, while Ethereum dropped 11%. Over the same period, gold surged over 60%, and silver rose an even steeper 147%.

    Related Reading

    Major stock indexes such as the S&P 500, Dow Jones, and Nasdaq 100 also posted stronger performance than much of the crypto market. With those results in view, some investors appear more comfortable holding assets linked to metals or cash.

    Meanwhile, analysts at asset manager VanEck have pointed to 2026 as a possible recovery year for the crypto market. Their view contrasts with the current behavior of large wallets moving into stablecoins and gold-linked tokens.

    The divide shows how uncertain sentiment remains after a year when metals and traditional assets delivered stronger gains than major cryptocurrencies.

    Featured image from Unsplash, chart from TradingView

    Christian Encila

    Source link

  • Why The Ethereum Price Could Bounce Above $3,500 Soon

    A crypto analyst has predicted that the Ethereum price could balloon to $3,500 soon, potentially breaking free of the bearish pressure that has suppressed its momentum for much of 2025. Although ETH is currently trading more than 37.5% below its all-time highs, the analyst has outlined technical indicators and market structure signals suggesting $3,500 is a realistic short-term target for the cryptocurrency.  

    Related Reading

    Ethereum Price Setup Points To $3,500 Rebound

    Crypto market analyst Tryrex has delivered a fresh outlook on the Ethereum price, pointing to conditions that could support a strong upside move to $3,500 in the coming months. In his post on X, the expert suggested that ETH may be approaching the end of its prolonged corrective phase and may be preparing for a decisive bounce. 

    Tryrex highlighted the possibility of a strong rebound developing in the first quarter of 2026, driven by Ethereum’s current hold of a critical liquidity zone between $2,800 and $3,000. He explained that while Bitcoin (BTC) bottomed out in 2025 and entered a range-bound period right after, Ethereum showed relative strength by firmly defending the liquidity region. 

    Based on the analyst’s weekly TradingView chart, this price area also represents a weekly demand zone that has absorbed repeated selling pressure. The fact that the price continues to hold this area indicates that market participants are buying ETH rather than distributing it. Volume behavior at the bottom of the chart also suggests that selling pressure has been weakening compared to earlier phases of Ethereum’s downtrend. 

    Tryrex expects an impulsive move to emerge as Ethereum continues to react to the $2,800 to $3,000 liquidity range. If momentum builds as anticipated, ETH could break out of its current structure and push toward higher resistance levels, with a move above $3,500 seen as an increasingly likely near-term target. With its price currently sitting above $3,000, this would represent a more than 13% increase. 

    ETHUSD currently trading at $3,103. Chart: TradingView

    The analyst has also revealed that his bullish forecast for ETH reflects broader conditions across the altcoin market. He highlighted that many major altcoins appear to be bottoming out after extended downtrends, increasing the possibility of coordinated upside moves if market sentiment and volatility improve. 

    Ethereum Shows Early Moves In 2026

    The market is just three days into 2026, and although major cryptocurrencies like Bitcoin and Dogecoin closed 2025 in the red, Ethereum appears to be showing early signs of recovery. Initially, the ETH started the year in a similar downtrend, but over the past 24 hours, its price has increased by approximately 2.5%.

    Related Reading

    CoinMarketCap data shows that from January 1 to date, Ethereum has declined by more than 9.5%. However, its trading volume in the last 24 hours has increased by over 100%, signaling strong trader interest despite the recent price dips. In addition, whales have been steadily accumulating ETH, taking advantage of lower prices to increase their positions.

    Featured image from Pexels, chart from TradingView

    Scott Matherson

    Source link

  • Crypto ETFs Defy The Pullback With $32 Billion In Fresh Investor Cash

    According to Farside Investors data, US investors put close to $32 billion into US crypto exchange-traded funds in 2025 even as markets lost steam late in the year.

    Related Reading

    Spot Bitcoin ETFs drew the biggest share, with $21.4 billion in net inflows. That is smaller than the $35 billion that poured into Bitcoin ETFs in 2024.

    Blackrock Dominates Flows

    BlackRock’s iShares Bitcoin Trust ETF, IBIT, accounted for most of the activity. Reports show IBIT took in about $24.7 billion. That makes its inflows roughly five times larger than the nearest rival, Fidelity’s FBTC.

    Source: Farside Investors

    Market watchers noted IBIT ranked near the top among all ETF flows, placing behind only a few broad index funds and a big treasury bond fund.

    If IBIT’s number is removed, the wider spot Bitcoin ETF group actually finished the year with about $3 billion in combined outflows.

    Grayscale’s Bitcoin product lost nearly $4 billion on the year. Bitcoin’s price was lower than at the start of 2025; it began the year around $93,500.

    Ethereum Interest Strong But Cooling

    Based on reports, interest in Ethereum ETFs was real, but the momentum looks uneven. BlackRock’s iShares Ethereum Trust, ETHA, sits at nearly $12.6 billion in inflows. Fidelity’s FETH follows at $2.6 billion, while Grayscale’s Ethereum Mini Trust ETF holds about $1.5 billion.

    Still, public on-chain data showed little renewed demand for spot Bitcoin and Ether ETFs in the last month of the year, suggesting flows may slow into 2026.

    Ether ETFs benefited from being new and giving investors a regulated way to own ETH, but recent days have seen quieter buying.

    BTCUSD currently trading at $87,688. Chart: TradingView

    Spot Ether ETFs, which only became widely tradable after their July 2024 launch, gathered $9.6 billion in their first full year. Spot Solana ETFs, launched in late October, added $765 million through year end.

    Altcoin ETFs Show Curiosity, Not Frenzy

    Litecoin and XRP ETFs also began trading in the latter half of the year, giving investors more choices for regulated altcoin exposure.

    The sums are small compared with Bitcoin and Ether. Solana’s $765 million is an example of early interest that has not yet turned into a large, steady stream of assets. These products are being tested by the market.

    Related Reading

    Global Flows Tell A Different Story

    Industry trackers reported that crypto ETFs listed worldwide experienced $2.95 billion in net outflows in November, and there was about $179 billion invested in crypto ETFs globally at the end of that month.

    Regulators and exchanges moved faster this year under new SEC leadership that was more open to approvals, which in turn helped institutional adoption in the US.

    Featured image from Unsplash, chart from TradingView

    Christian Encila

    Source link

  • Banks Could Favor A Higher XRP Price, Finance Expert Says

    XRP has continued to trade lower as crypto prices weaken across the board, with the total market shedding more than $1.3 trillion since October.

    Related Reading

    During the past three months, XRP has dropped more than 30%, keeping pressure on sentiment even as some commentators argue the token’s purpose goes far beyond short-term price moves.

    Retail Vs. Institutional Viewpoint

    According to health and finance commentator Dr. Camila Stevenson, much of the debate around XRP misses how large financial players judge settlement tools.

    Everyday traders tend to focus on charts and quick exits. Banks do not. They look at whether a system can handle stress, move large sums, and keep working when conditions worsen.
    Stevenson compared it to infrastructure testing, where strength and capacity matter more than the initial cost.

    XRP Was Built For Flows

    Based on reports from her recent video discussion, XRP was structured to act as a bridge for moving value, not as a speculative chip. With a fixed supply, the token cannot expand in quantity to meet higher transaction demand.

    Stevenson said that leaves price as the only way to support larger volumes. Analyst XFinanceBull echoed this view, encouraging market watchers to think in terms of flows rather than daily price action.

    Price Alone Does Not Prove Use

    Even so, market behavior still plays a major role. XRP trades in open markets, and speculation continues to influence price direction.

    A higher price may improve efficiency, but it does not guarantee adoption. Stevenson pointed out that many institutions position through custodians, OTC desks, and private agreements.

    These transactions often happen quietly and may not show up as sharp moves on public charts. Sudden spikes during positioning, she warned, would suggest instability rather than healthy use.

    XRPUSD now trading at $1.92. Chart: TradingView

    Why Higher Price Helps

    Stevenson argued that banks moving billions would rather use fewer units that each represent more value. Fewer tokens can mean simpler settlement and less risk of slippage during busy periods.

    Large financial systems tend to fail when money cannot move or when settlement slows, not when prices fall. In that context, a higher XRP price could support smoother transfers if volumes rise enough to test the system.

    Related Reading

    Market Reality Remains Mixed

    Despite the theory, clear proof of large-scale institutional demand remains limited. Regulation, liquidity depth, and reliable access still shape whether banks commit real volume.

    XRP’s 33% slide over recent months shows how quickly sentiment can shift, even as long-term use cases are debated. The idea that banks prefer a higher XRP price rests on future scale, not current trading patterns.

    Featured image from Unsplash, chart from TradingView

     

    Christian Encila

    Source link

  • Reasons Why XRP’s Technical Structure Favors Upside Than Down Over Next 6 Months

    XRP’s recent pullback to $2 has not changed the broader technical picture, according to a new analysis shared on X by crypto analyst Egrag Crypto. Despite the lack of bullish price action in recent weeks, the technical analysis proposes that the market structure continues to favor an upside continuation rather than the trend ending. 

    This outlook places the next three to six months in a constructive zone for XRP’s price action, where the probability of further upside is higher than the risk of a downward move.

    Related Reading

    XRP Currently In Consolidation, Not Distribution

    The assessment of Egrag’s technical analysis is based on XRP’s price action currently ticking a list of boxes that points to the next move being up. The first of these boxes is what the analyst referred to as a regime shift, which occurred after the XRP price made a decisive breakout from a multi-year base around $0.5 last year.

    This decisive breakout shifted the market from accumulation to expansion. Pullbacks in this phase are usually corrective, not trend-ending. In that context, the current price action can be viewed as part of a natural pause rather than a signal that the larger bullish move has failed.

    Another central argument in the analysis is that the current price behavior represents consolidation rather than distribution. Egrag Crypto describes the market as being in a compression phase following an impulse, and this is a pause, not a top. Although XRP has spent about 13 months ranging within this structure, the analyst interpreted this as extended consolidation instead of a distribution process.

    Chart Image From X. Source: @egragcrypto On X

    EMA Structure Keeps Bullish Bias Intact

    Another reason as to why the trend is more likely bullish is because XRP is still trading in alignment with its long-term exponential moving average, which remains above the 21 EMA. That relationship preserves the bullish bias, even though price currently sits below the faster 9 EMA, but this only reflects short-term weakness rather than a structural breakdown.

    XRPUSD currently trading at $2.013. Chart: TradingView

    Beyond pure chart structure, fundamental developments have added weight to the case for longer-term appreciation. XRP is currently holding $2 as an important support zone, and recent developments have emerged that could increase bullish sentiment.

    An example is Ripple’s conditional approval alongside other crypto firms for a national trust bank charter from the US Office of the Comptroller of the Currency.

    Related Reading

    Although the outlook is much more bullish, there is always the possibility of turning bearish within the next six months. According to Egrag, this outlook can only turn bearish if XRP records a sustained monthly close below the $1.80 to $1.60 region. 

    Taken together, the analysis concludes that XRP is more likely to resolve higher than lower over the next three to six months, even if there is price volatility along the way.

    Featured image from Unsplash, chart from TradingView

    Scott Matherson

    Source link

  • Kaspa (KAS) Soars 40% Weekly: Further Gains on the Horizon?

    Following the latest surge, KAS flipped WLD, ALGO, and other well-known altcoins.

    Kaspa (KAS) stands out as one of the best-performing top 100 cryptocurrencies over the past week.

    It has outperformed many leading digital assets, including Ripple’s XRP, within that timeframe, and according to multiple market observers, it may rise even more in the near future.

    What Happened and What’s Next?

    The token has pumped by 40% in the last seven days, with most of the gains coming in the past 24 hours. Currently, it trades at roughly $0.06 (per CoinGecko’s data) with a market capitalization of approximately $1.6 billion. This places KAS as the 72nd-largest cryptocurrency, or bigger than Worldcoin (WLD), Algorand (ALGO), Arbitrum (ARB), and other popular altcoins.

    KAS Price, Source: CoinGecko

    The primary catalyst for the latest pump seems to be the opening of the first decentralized Kaspa bridge. Just hours ago, the X account behind Dymension revealed that KAS was voted in as a new base asset on the platform.

    The ascent caught the eye of numerous analysts who believe this could be the start of a major rally. X user EuroSniper envisioned the potential jump to $0.16 in the following months. Crypto King predicted a similar outcome, outlining several factors that may support the bullish scenario, including clearing the multi-month downtrend and holding the $0.05 zone as support.

    Crypto Tony, an X user with over 550,000 followers who touches upon the performance of numerous cryptocurrencies, also chipped in. The analyst hoped for a further surge to $0.074, saying their “longs need it.”

    The Bearish Scenario

    While KAS’s recent revival is indeed significant, its current price is far below the peak levels seen during the summer of 2024. Back then, the asset’s valuation shot to $0.20, whereas its market capitalization neared $5 billion.

    You may also like:

    Some technical indicators suggest KAS might not be able to reclaim its former glory (at least in the near future) and could be headed for a pullback. The recent exchange netflow is among those elements.

    According to data provided by CoinGlass, inflows have surpassed outflows over the past week, suggesting that investors have abandoned self-custody methods and flocked to centralized exchanges. This is generally considered bearish since it is interpreted as the step before selling.

    KAS Exchange Netflow
    KAS Exchange Netflow, Source: CoinGlass
    SPECIAL OFFER (Exclusive)

    SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

    Dimitar Dzhondzhorov

    Source link

  • Analysts Believe Altseason Is Loading Despite November’s Brutal Losses

    The recent market meltdown has been particularly brutal for altcoins, with many of them getting crushed back to bear market lows. 

    Altcoins are back in the doldrums with most of this year’s gains being wiped out in a brutal November that saw more than a trillion dollars exit crypto markets. Analysts have been looking at the TOTAL3, or total market capitalization without Bitcoin and stablecoins, for signs of capital rotation.

    ‘Stockmoney Lizards’ said that altcoins feel dead, but money is actually rotating into stablecoins in preparation for altseason.

    “Bitcoin dumps → Money to stables → Stables wait → Then rotate to alts. We’re in the waiting phase. Altseason (as much as I hate the term): loads from here.”

    Market Cycle Not Over Yet

    MN Fund founder Michaël van de Poppe echoed the sentiment, stating on Thursday that it is not the end of the bull market, “It’s the end of the bear market for altcoins.” He used the business cycle to illustrate when altcoins have historically rallied, adding:

    “I do believe that we’re in a way longer cycle and that the classic Web 3 only 4-year cycle doesn’t exist. It’s a tremendously different cycle, and the opportunities are everywhere.”

    Meanwhile, analyst ‘Sykodelic’ also looked at TOTAL3, stating, “It honestly couldn’t look better here. I know this correction has been rough for holders.” They compared charts to the last cycle, noting “we’re in the exact same position before mega altcoin expansion,” and not at the end of the cycle yet.

    Altcoin Recovery Slow

    Altcoins have been slow to recover, with many of them dumping 50% or more during November. Nevertheless, most of them are in the green today as BTC reclaimed $91,000 and ETH topped $3,000.

    Larger gains were seen for BNB, up 3.6%, Hyperliquid (HYPE), up 5.9%, and Avalanche (AVAX), gaining 5% on the day. Additionally, the total market capitalization has increased to $3.2 trillion, but it still has a long way to go to return to its October levels.

    You may also like:

    “Every week, another indicator points to a MASSIVE ALTS RALLY. If it plays out, the biggest altseason will hit,” said analyst Alex Wacy, sharing the altcoins-to-Bitcoin ratio chart.

    SPECIAL OFFER (Exclusive)

    SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

    Martin Young

    Source link

  • Fear Surges, But Real XRP Holders Aren’t Shaken—Analyst

    According to Versan Aljarrah, founder of Black Swan Capitalist, fear has crept back into the XRP market as the token trades under pressure. Prices slipped below the $2 mark and recently hit about $1.83 before a small rebound. Volatility has been sharp, and many traders are being pushed into quick exits.

    Related Reading

    Volatility Tests Investors

    Based on reports, XRP’s slide accelerated after a broad market crash in early October tied to tariff tensions between the US and China.

    That turmoil forced billions of dollars of liquidations across exchanges. Different platforms briefly showed very different lows — Kraken recorded $1.40 while Binance charts on TradingView showed a flash low at $0.76.

    Those swings left behind gaps in liquidity, including a zone around $1.98 to $1.99 that traders are watching closely.

    Price action has been messy but not one-directional. XRP was trading around $2.22, up about 1.8% in the last 24 hours, and in another snapshot it was reported changing hands close to $2.24 amid a rebound. Over the most recent 72 hours, the token posted a rally of more than 18%, showing how fast sentiment can flip.

    According to Aljarrah, fear has returned, and “it always hits those who don’t understand what it means to hold XRP.” The analyst pointed out that a good number of people will fall before they could even make it and “survive the engineered volatility ahead.” The system, he said, “shakes out the weak” long before actual market valuation takes its course.

    History And Psychology At Work

    Analysts and market observers point to XRP’s stop-and-go history as part of the problem. In 2017, the coin lingered for months before surging roughly 70,000% and then dropping by as much as 95% at certain stretches.

    XRPUSD now trading at $2.21. Chart: TradingView

    In 2024, it traded quietly for much of the year before jumping over 600% near year end. That pattern makes holding the token psychologically hard for many. People sell too soon, often right before big moves.

    Support levels are being watched closely. Reports list key buffers at $1.95, $1.75, and $1.60. On the upside, some analysts are projecting a rebound to $4 by 2026, with longer-range targets of $13 and $27. Those are forecasts, not promises, and they assume steady market conditions and continued interest.

    Whales Take Profit Amid Rally And ETF Flows

    Meanwhile, analyst Ali Martinez said larger holders have been taking profits during the rebound. Whales holding between 1 million and 10 million XRP reportedly sold over 180 million tokens, trimming their balances to about 4.74 billion XRP. That kind of selling can add pressure even while the price is trying to recover.

    Related Reading

    Institutional flows appear to be a counterweight. Based on reports, the Franklin Templeton and Grayscale XRP ETFs launched in the US yesterday and drew combined positive flows of $130 million on their first day.

    Net inflows into US XRP ETFs on Monday were placed at $164 million, a figure that helped absorb some of the selling and supported a more than 7% gain over 24 hours in some trading windows.

    Featured image from Pexels, chart from TradingView

    Christian Encila

    Source link

  • Dogecoin Goes Wall Street: Grayscale Confirms Nov. 24 ETF Launch

    Grayscale Investments will list spot ETFs for Dogecoin and XRP on the NYSE Arca on November 24, 2025, offering a new way for everyday investors to buy those coins through regular brokerages.

    Related Reading

    According to exchange notices and regulatory filings, the funds will trade under the tickers GDOG for Dogecoin and GXRP for XRP. The listings convert Grayscale’s existing private-placement trusts into publicly traded products.

    Grayscale Moves To List Dogecoin And XRP

    Reports have disclosed that both ETFs received approval to be listed, and the paperwork was filed with the US Securities and Exchange Commission.

    The move brings spot exposure to two smaller, but widely followed, cryptocurrencies into a mainstream vehicle. For many investors, that means access without directly managing wallets or private keys.

    Market Activity Up Ahead Of Launch

    Trading activity in related derivatives climbed in the lead up to the announcement. Dogecoin derivatives volume increased by more than 30% to roughly $7.22 billion, based on exchange data.

    XRP derivatives surged as well, jumping about 51% to around $12.74 billion. Based on reports, these spikes reflect traders positioning for potential price swings around the ETF debut.

    Spot ETFs do not promise higher prices, but they do change who can buy the assets. Brokers, retirement plans, and funds that avoid direct crypto custody may now step in.

    That could affect liquidity in both the tokens and their markets. At the same time, the overall crypto market has seen pressure; reports say the launches come during a roughly six-week downturn.

    DOGE market cap currently at $21.4 billion. Chart: TradingView

    Questions Remain Over Demand And Flows

    Product fees, custody details, and how the trusts convert into ETF shares will shape investor appetite. Past launches of crypto ETFs showed brisk early flows for some products, while others saw muted interest. What matters for prices is not only listings, but inflows and outflows once trading begins.

    Related Reading

    Investors and analysts are likely to watch the first days of trading for clues. High volume and tight spreads would suggest strong demand. Low turnover or wide spreads could signal tepid interest.

    Based on reports, market participants will also monitor whether the ETFs draw the same sort of speculative trading that has driven derivatives volume in recent days.

    The listing of both GDOG and GXRP on the same date marks a notable step for mainstream crypto products. According to exchange filings, the funds are structured as spot ETFs that hold the underlying tokens via custodians. While that does not remove price risk, it does make buying these assets simpler for a broad group of investors.

    Featured image from Gemini, chart from TradingView

    Christian Encila

    Source link

  • XRP’s Next ‘Face-Melting’ Rally Could Hit Within 6 Weeks—Analyst

    Some analysts expect XRP to climb sharply from its current price of $2.39. According to posts on X by a popular analyst known as Egrag Crypto, the coin is trading at the bottom of a descending triangle and could stage a strong rally in the coming weeks.

    Related Reading

    Analysts Point To Historical Setups

    According to Egrag, two earlier runs give the pattern some weight. He compared the present chart to moves in 2017 and 2021. Back then, XRP went from $0.097 to $3.84 across a roughly three-month span around 2017–2018.

    In 2021, it rose from below $0.45 to above $1.90 in two monthly candles. Based on those moves, he expects a comeback within four to six weeks and projects gains of about 300% to 1,400% from today’s price.

    “Mark my words: XRP will usually melt faces within 4–6 weeks, and history backs it up with evidence,” Egrag, who put a target range of $10 to $37 for this cycle, said.

    “I see traders chickening out, scared to lose their 10x gains. And that’s fine , protecting profits is smart,” he added.

    Other market voices have echoed parts of that view, reposting Egrag’s chart and wrote that XRP is “busy testing bulls’ faith.”

    ETF Filing Moves Forward

    Meanwhile, according to filings and reporting, Canary Capital has taken a key step toward launching a spot XRP ETF in the US. The firm filed a Form 8-A, a move that, once Nasdaq signs off, would let the fund list its shares.

    XRP market cap currently at $146 billion. Chart: TradingView

    Crypto reporter Eleanor Terrett said the filing will become effective at 5:30 p.m. ET once Nasdaq certifies it, and trading is set to start when US markets open on Thursday, November 14, 2025.

    That development matters because an ETF can make an asset easier for many investors to buy. It does not mean prices will automatically skyrocket. It does mean more attention, and that can change market behavior in ways that are hard to predict.

    Short-Term Data And Market Tone

    At press time, XRP was trading around $2.39, down about 3% over the last 24 hours. Technical traders focus on where the price sits inside the triangle pattern and watch volume for confirmation of a breakout.

    Related Reading

    Some see the structure as a setup for a large move either way. Others point out that the market environment today is not the same as in 2017 or 2021, given bigger trading volumes and different regulatory factors.

    The ETF timing adds a new element to watch. If Nasdaq approves Canary Capital’s Form 8-A as reported, the first spot XRP shares could start trading on Thursday. Markets often react to such milestones, but how big that reaction will be is unknown.

    Featured image from Gemini, chart from TradingView

    Christian Encila

    Source link

  • Get Ready — The End Of November Will Be Massive For XRP, CEO Says

    Reports from the Ripple Swell 2025 conference show growing interest in XRP. Traders and fund managers are watching November closely.

    Related Reading

    According to speakers at the event, several timetabled moves could push more money into the token in the short term.

    Canary Capital ETF Timetable

    Canary Capital’s spot ETF is set to go live after an updated S-1 filing, with a possible automatic launch 20 days later on November 13.

    Reports from the stage cited Steven McClurg, CEO of Canary Capital, as confirming the update. That filing removed an amendment clause that would have given the SEC greater control over the product’s effective date.

    Based on reports, the timeline could still shift if the SEC returns questions or if government operations change, but for now November 13 stands out as a key date.

    Retail And Whale Activity Cool

    CryptoQuant charts show retail trading activity has cooled since the big sell-off on October 10, when about $19 billion was wiped out in a single day.

    Small investors have pulled back into a neutral zone, which some analysts read as cautious waiting rather than exit. At the same time, large on-chain moves to exchanges have dropped sharply — from roughly 49,000 on October 25 and 44,000 on October 11 to about 800 on a recent Friday.

    That fall in whale-to-exchange transactions suggests fewer big sellers are moving funds to exchanges right now.

    Institutional Signals

    Speakers at Swell pointed to increasing institutional interest. Teucrium CEO Sal Gilbertie told audiences that the last half of November could be very important for XRP, tying that view to broader trends in tokenization and institutional flows.

    Citibank projections cited at the event say tokenized assets could hit trillions within five years, and other panelists mentioned planned moves by traditional finance players.

    Based on reports, Circle also has plans to begin trading public equities in early December, which some see as another nudge toward more mainstream involvement.

    XRPUSD currently trading at $2.32. Chart: TradingView

    Advice From Market Players

    Gilbertie urged holders to focus on the long term. “Believe in it. Don’t worry about volatility. It will even out as adoption comes and more institutional money enters,” he said.

    That view was shared by other commentators who pointed out that ETF listings and institutional onboarding have historically changed how markets price assets.

    Related Reading

    What To Watch Next

    Market participants will track the SEC process, any additional filings, and whether the government calendar affects the ETF start date.

    On-chain signals — like whale transfers and exchange flows — will also be watched closely. For now, reports suggest a mix of wariness among retail traders and growing institution-level interest, with November 13 marked as a date many are watching.

    Featured image from Unsplash, chart from TradingView

    Christian Encila

    Source link

  • ‘Sell Your House, Clothes And Buy XRP’ — Solana Exec’s Wild Advice Goes Viral

    Solana Foundation manager Vibhu Norby jumped into a heated XRP discussion on X, adding a sharp dose of humor to an already intense online conversation. The debate began when Tradeship University founder Cameron Scrubs urged followers to sell all their other crypto assets and buy XRP.

    Related Reading

    XRP Proponents Urge Bold Bets

    Scrubs, known for extreme XRP optimism, previously predicted that XRP would surpass Bitcoin and Ethereum within five years. He reignited that vision this week, telling investors to sell Bitcoin, Ethereum, ZCash, and Dogecoin — essentially, “sell everything” — and move into XRP. The statement quickly went viral, drawing reactions from multiple crypto communities.

    X user Caspian responded, saying it wasn’t meant literally. He added that the point was to align belief with action — if investors truly see value in XRP, they should act with conviction. “Own your stack, protect it, and stay ready,” he wrote.

    ‘Sell Your House, Bed, Kids, And Buy XRP’

    Vibhu Norby joined the thread with satire. He joked, “Sell your house, bed, kids, cardboard box, clothes, and buy XRP,” making it clear he was mocking the hype rather than endorsing it.

    Another user, Slorg, claimed he had already gone all in and asked what step to take next. Norby replied that the next move was to wait for major firms like BlackRock and Mastercard to tokenize trillions in assets, potentially sending XRP to $1,000.

    Despite the humor, the exchange highlighted the community’s real optimism about institutional involvement and the possibility of massive price growth.

    XRPUSD now trading at $2.31. Chart: TradingView

    Ripple Funding And Institutional Moves

    Ripple added fuel to the discussion by announcing a $500 million funding round at its Swell 2025 event. Investors included Galaxy Digital, Fortress, Brevan Howard, and Pantera Capital. Ripple CEO Brad Garlinghouse said the investment confirmed faith in a business “built on the foundation of XRP.”

    Reports also showed Ripple partnered with Mastercard to use RLUSD on XRPL for fiat settlement, while Ripple Prime is integrating XRP for institutional transfers. These developments gave long-term holders more reason to stay confident in XRP.

    Holding XRP Challenges Investor Conviction

    Meanwhile, Versan Aljarrah, the founder of Black Swan Capitalist, acknowledges that it is a constant emotional struggle holding XRP.

    He explains how investor patience is tested in every market cycle, and the challenge of remaining dedicated to your investment when the price moves materially can be one of the hardest things to do as an XRP holder.

    Related Reading

    Engineer Vincent Van Code responded, saying that it requires “serious conviction – or mental illness” to not sell when the price moves.

    It comes as no surprise that the mixture of irony, crazy predictions and institutional news keeps XRP relevant.

    For some of them, the “sell your house” comments are simply an exaggeration, but it showcases the passion and belief of the XRP community, which has planned and endorsed their position, and has continued to show the strength of their will no matter how volatile XRP price action has remained.

    Featured image from Pexels, chart from TradingView

    Christian Encila

    Source link

  • Aster Explodes After CZ Drops Bombshell: He Owns $2.5M Worth

    They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

    Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

    Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!

    So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

    Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

    Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

    Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

    Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.

    So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

    Christian Encila

    Source link

  • XRP’s Next Earthquake: Billions Set To Flow In, ‘Supply Shock’ Coming—Analyst

    According to reports, Evernorth — a Ripple-backed treasury firm — has agreed to merge with Armada Acquisition Corp II and plans to list under the XRPN ticker.

    The SPAC deal aims to raise $1 billion to build what Evernorth calls a large XRP treasury. Ripple and co-founder Chris Larsen contributed XRP to the project.

    Nine days after the SPAC announcement, reports said Evernorth had already received $1 billion worth of XRP. The merger is targeted to close in Q1 2026.

    On Contributions & Cash Buying

    Because the early inputs were paid in XRP rather than cash, immediate upward pressure on exchange order books did not happen.

    Market purchases require fiat or cash to be placed into public markets. SBI’s announced $300 million cash pledge is one example of money that could be used to buy XRP outright.

    But so far most of the headline amounts are XRP moved into a treasury, not fresh cash hitting exchanges.

    Analyst Signals Incoming ‘Shock’

    Vincent Van Code, a software engineer and active voice in the XRP community, told followers on X that the bigger event may still be ahead.

    He said the IPO itself could bring billions in new cash. If those funds are later used to buy XRP on the open market, he warned, existing supply could tighten and a “supply shock” might follow.

    Van Code did not offer a fixed timetable. Other commentators, including a market voice known as Nietzbux, have already framed the development as strongly bullish for XRP.

    Why The Timing Matters

    Based on reports, the sequence is what could change prices: cash raised first, then purchases on public markets. If that order is reversed — cash arrives and large buys follow quickly — liquidity could be tested.

    Exchanges have varying depth. A single large buyer can move prices more in thin markets than in thick ones. That is simple market mechanics. It is also why some community members are watching the SPAC schedule closely.

    XRP’s Role And The Broader Narrative

    A number of developers and analysts now speak of XRP not only as a payment bridge but also as a treasury asset inside the XRPL ecosystem.

    Van Code suggested that a time may come when people keep a big share of their wealth in XRP and on the XRP Ledger.

    Ripple’s CTO David Schwartz has emphasized similar ideas about self-custody and on-ledger utility. Those themes are being reused as part of the argument for long-term demand.

    Featured image from Gemini, chart from TradingView

    Christian Encila

    Source link

  • Dogecoin RSI Returns To Pre-Launch Levels, Analyst Says Next Major Surge Is Close

    Dogecoin’s latest two-week chart analysis suggests the cryptocurrency could be gearing up for a new explosive rally. According to trader and market analyst Trader Tardigrade, the Relative Strength Index (RSI) for Dogecoin has settled at levels similar to those seen before price rallies in the past two years or so. 

    This technical observation is based on Dogecoin’s steady uptrend along a long-standing support line since 2023 and points to its price action currently being in a possible early stage of accumulation before another leg upward.

    Related Reading

    Dogecoin RSI Now Showing Pre-Breakout Signals

    The RSI is an indicator that has consistently aligned with Dogecoin’s strongest rallies in this cycle. According to the current 2-week candlestick setup shared by Trader Tardigrade, the RSI is currently trading stable within the same low range that has preceded Dogecoin’s previous upward rises since 2023. 

    Each of the three major RSI dips, as shown on the price chart below, has coincided with price retests of the red ascending trendline. This event is notable because the first two dips were followed by significant upward movements in the Dogecoin price. Right now, the present RSI position is at its third dip, and it can be inferred that the meme coin may once again be approaching a launch point similar to those that led to past price surges.

    The long-term support trendline drawn from mid-2023 has acted as a reliable price base for Dogecoin’s recovery cycles. Price action has tested this line multiple times without breaking below it, and this has led to the creation of higher highs and higher lows. 

    Dogecoin 2W Candlestick Price Chart. Source: Trader Tardigrade On X

    Although Dogecoin broke below the trendline in the middle of October, this breakdown was very brief with a long wick. Based on Dogecoin’s price action in October, the most recent interaction with this trendline is just above $0.17. This latest interaction has been highlighted with stability above this price level, and this is another early sign of technical strength.

    DOGEUSD currently trading at $0.18. Chart: TradingView

    What To Expect If The Pattern Holds

    If this recurring structure between RSI and price maintains its consistency, Dogecoin could be about to embark on its third notable bullish run since early 2024. The most possible scenario is another rally that plays out over multiple weeks, as seen in the past two rallies.

    The last rally saw the Dogecoin price just around $0.5 in December 2024. Therefore, another rally from this point will see the creation of another higher high above $0.5 at least. The projection within the analyst’s chart, which is based on how the last rally plays out, points to a target around $0.8.

    At the time of writing, Dogecoin is trading at $0.1877, up by 0.5% in the past 24 hours. Reaching $0.8 will translate to new all-time highs and a 228% increase from the current price level. 

    Related Reading

    As long as the RSI holds its current base and the price stays above the ascending support, the sentiment surrounding Dogecoin may gradually shift from consolidation to rally alongside the rest of the crypto market.

    Featured image from Unsplash, chart from TradingView

    Scott Matherson

    Source link