Dogecoin (DOGE) price, a popular meme-based cryptocurrency, is attracting attention as it shows signs of a potential bullish flag pattern. Despite market corrections, Dogecoin’s performance remains promising, signaling potential gains ahead. Crypto enthusiasts anticipate a strong rally for Dogecoin during the 2025 bull market. Here are three compelling reasons driving optimism for Dogecoin’s price trajectory.

3 Bullish Signals Pointing to Dogecoin (DOGE) Price Gaining Soon

Analyst Observes Bullish Signals for Dogecoin Amid Whale Accumulation and Market Metrics. Dogecoin’s market activity has shown promising signs as analysts highlight three bullish indicators driving optimism. Whales have reportedly accumulated 170 million Dogecoin price, signaling confidence in the cryptocurrency’s future prospects.

Recent data reveals a surge in large transactions exceeding $100,000, particularly during a market dip. This pattern indicates strategic accumulation by investors aiming to capitalize on lower prices.

Whale Activity Points to Confidence in Dogecoin Price

According to blockchain metrics, a sharp increase in whale activity is evident, with significant DOGE movements observed in the past week. Analysts emphasize that these transactions often precede price recoveries, showcasing strong interest from high-net-worth investors.

Charts show notable accumulation by wallets holding between 1 million and 10 million DOGE. This consistent accumulation trend suggests whales are confident about potential market upside.

MVRV Ratio Signals “Opportunity Zone” for Investors

Dogecoin’s 30-day Market Value to Realized Value (MVRV) ratio has entered what analysts describe as an “Opportunity Zone.” Historically, this zone reflects periods of underbought conditions, indicating that short-term holders are capitulating.

The current MVRV reading highlights a favorable entry point for new investors, reducing the risk of overvaluation. Analysts believe this metric further supports bullish sentiment for Dogecoin in the near term.

Supply Metrics Indicate Reduced Selling Pressure

Supply on exchanges has declined, indicating reduced selling pressure from traders. Lower exchange balances often correlate with a rise in long-term holding behavior, bolstering market stability.

Charts reveal a consistent reduction in exchange supply alongside the accumulation activity, reinforcing the notion of a bullish outlook. Analysts are closely monitoring this trend for potential price gains.

DOGE Technical Analysis

At the time of writing, the DOGE price is trading near $0.3340, showing mild bearish momentum. Dogecoin price has remained within a narrow consolidation range between $0.30 and $0.35. The Relative Strength Index (RSI) currently reads 44.21, hovering in the neutral zone. 

​​Dogecoin price prediction faces immediate resistance at $0.35, which aligns with recent failed attempts to sustain upward momentum. Breaking this level could pave the way toward $0.50, a key psychological target. Beyond this, the next major resistance lies at $0.7376, reflecting a historical pivot point from previous market cycles.

On the downside, $0.30 acts as a significant support level, helping to limit selling pressure. If bears breach this zone, the meme coin could revisit lower price levels, potentially retesting $0.20.

Dogecoin’s bullish signals, including whale accumulation, favorable MVRV ratios, and reduced exchange supply, indicate promising price action. Analysts remain optimistic about its future performance, with key resistance and support levels shaping its trajectory in the upcoming market cycles.

The post Top 3 Reasons to be Bullish on Dogecoin (DOGE) Price appeared first on coinpress.

Following a turbulent start to the month, the global crypto market has shown recovery signals, with the likes of Solana (SOL) rising 3% to reclaim the $186 resistance on January 11. Market data suggests 3 other rival tokens could potentially deliver considerable gains as the month unfolds.

Turn $10K into $100K with Top 3 Solana Rivals in January 2025

Solana rivals, often regarded as a bellwether for the altcoin market, has emerged as a focal point for traders looking to capitalize on the ongoing crypto market rebound phase.

The crypto market downturn was fueled by a combination of hawkish Federal Reserve policies and a massive Silk Road-related sell-off that heightened bearish sentiment. However, these pressures have eased, with SOL reclaiming the critical $186 level, signaling the potential for an altcoin-led market resurgence.

Investor attention now turns toward the January 20 inauguration of President-elect Donald Trump, a key event that could reshape market sentiment. Anticipated cabinet appointments and policy proposals are expected to influence the regulatory outlook for digital assets. Against this backdrop, 3 altcoins outlined below now appear primed for considerable upside in the coming weeks.

Cardano Price Forecast: $1.20 Breakout Ahead?

Following a mild rebound technical indicators on the ADAUSD daily chart present a cautiously optimistic Cardano price prediction.

With ADA price holding above the $0.8982 pivot level. The Relative Strength Index (RSI) stands at 50.48, suggesting a neutral momentum, but it has crossed above its moving average, indicating a potential bullish shift. A sustained close above $0.9682, the immediate resistance level, could propel ADA toward $1.00, signaling the beginning of a broader upward trend.

On the bullish side, increasing volume at $54.47M indicates a resurgence of interest among market participants. Additionally, the Parabolic SAR dots below the candlesticks reinforce the near-term upward trajectory. Should ADA breach the $0.9682 resistance, the next target lies at $1.0382, with a possible rally toward $1.20 if buying pressure intensifies.

However, the bearish scenario remains plausible if ADA fails to sustain momentum above the pivot point. A drop below $0.8982 could reintroduce selling pressure, potentially driving the price toward $0.8661 or the critical support level at $0.8282.

Ethereum Price Forecast: Breaching $3,450 Resistance Could Trigger Further Gains

Ethereum (ETH) is trading at $3,270, showing consolidation after a sharp pullback from the $3,450 level. The chart features Donchian Channels (DC), highlighting support at $3,158 and resistance near $3,744, with the midline at $3,451 acting as a dynamic pivot. ETH currently trades near the lower boundary of this range, with potential for a breakout in either direction.

In a bullish scenario, ETH price could reclaim $3,450, turning it into support and targeting the midline at $3,744. Volume, currently moderate, would need to spike significantly to validate such a move. The MACD, while still negative at -35.24, shows decreasing bearish momentum, suggesting a potential crossover that could confirm upward momentum. A sustained rally would likely test $3,800 psychological resistance.

Conversely, failure to reclaim $3,400 might lead ETH to retest $3,158. The bearish MACD histogram and declining volume reflect waning buying interest. If support at $3,158 breaks, ETH could extend losses toward $3,000.

Dogecoin Price Forecast: Trump Inauguration Could Spark $1 Breakout

Dogecoin price moved above $0.33 on January 11, showing minor recovery after a sharp decline from $0.40. The Keltner Channels (KC) indicate support near $0.2942 and resistance at $0.4003, with the midline at $0.3472 acting as a key pivot. Current price action near the lower boundary suggests indecision, with ADX at 21.85 reflecting a weak trend.

In a bullish scenario, DOGE price could reclaim the midline at $0.3472, targeting $0.40 resistance. A surge in volume is essential to validate this move, as the recent consolidation near $0.30 suggests buyers are accumulating. Breaching $0.40 could spark optimism, with the next target near $0.45, especially if ADX begins trending upward, signaling increased momentum.

Conversely, a failure to hold above $0.33 could lead DOGE to test the $0.2942 support. A breakdown below this level may exte

nd losses toward $0.26. The weak ADX underscores the lack of a strong directional move, suggesting prolonged consolidation unless a catalyst shifts market sentiment.

How Trump’s Inauguration Could Spark Altcoin Momentum in January

The January 20 inauguration of President-elect Donald Trump is expected to bring a wave of optimism to the crypto market, especially for altcoins like Cardano (ADA), Ethereum (ETH), and Dogecoin (DOGE). Trump’s anticipated focus on deregulation and business-friendly policies could reduce uncertainties around crypto legislation, igniting renewed investor confidence.

For Cardano, regulatory clarity may further drive institutional interest, helping ADA break through the $1.20 resistance, while easing market fears could amplify buying pressure. Ethereum, already consolidating near key levels, could see accelerated adoption and investment, pushing ETH beyond $3,800 if market sentiment turns decisively bullish. Meanwhile, Dogecoin, bulls might capitalize on the establishment of the D.O.G.E department, to challenge the $0.40 resistance and spark a rally toward $1.

As investors gear up for a potentially pivotal moment in U.S. policy, these Solana rivals stand poised to benefit from favorable swings in macro-market sentiment. With technical indicators aligning and external catalysts on the horizon, January 2025 could deliver exceptional returns for traders positioned early.

The post 3 Solana Rivals to Turn $10K into $100K in January 2025 appeared first on coinpress.

XRP price reclaimed the $2.40 mark on January 11, after a turbulent start to the week. On-chain data shows XRP exchange reserves remain elevated as market sentiment hangs in the balance. How will this impact Ripple price recovery in the days ahead?

XRP price bounces 7% as traders react to Ripple CEO’s Trump dinner update

XRP price was subject to volatile headwinds this week, as crypto markets reacted to external downward pressures. The sell-off tapered off towards the end of the week, with Bitcoin’s 3% rebound to reclaim $95,000 sparked mute gains across altcoin markets.

However, recent trends shows that XRP price recovery has moved ahead of the market average, buoyed by Ripple executives attendance at a recent dinner with US President-elect Donald Trump.

On January 8, Ripple CEO Brad Garlinghouse confirmed his attendance at a high-profile dinner with former President Donald Trump. Speculation surrounding the dinner sparked optimism that the meeting could signal political support for the broader cryptocurrency market, particularly amid Ripple’s ongoing battle with the U.S. Securities and Exchange Commission (SEC).

The dinner, which reportedly featured influential figures from the finance and tech industries, fueled rumors of potential regulatory shifts that could benefit Ripple and XRP.

Since the Ripple CEO’s post, XRP price has entered a sharp 7% rebound within last 48-hours to reach $2.40 at press time on January 11, outperforming the likes of BTC and ETH with gains subdued at 5%

This positive price action highlights the sensitivity of XRP to regulatory and macro-political news. Traders are now monitoring whether this event will catalyze further buying momentum as Trump’s inauguration slated for January 20, approaches.

XRP Exchange Reserves Surge $85 million as market sentiment remains uncertain

XRP price has surged 7%, outpacing the broader market recovery, driven in part by Ripple CEO Brad Garlinghouse’s appearance at a recent dinner hosted by former President Donald Trump.

However, despite the optimistic price movement, on-chain transaction flows reveal a more cautious sentiment among XRP traders, who remain wary of potential market volatility.

Supporting this outlook, CryptoQuant’s Exchange Reserves chart highlights the real-time value of XRP coins deposited in Binance-hosted wallets, offering a window into traders’ short-term sentiment.

The data shows that between January 5 and January 11, traders deposited 35 million XRP coins into Binance wallets. Valued at current prices, this represents an $85 million increase in short-term market supply over the past week.

This surge in exchange reserves presents a cautious outlook for XRP for two critical reasons. First, the significant increase in market supply suggests that traders may be preparing to sell, potentially capping any sustained upward momentum. Second, it underscores the market’s apprehension, as traders prioritize liquidity amid lingering regulatory uncertainty and broader crypto market turbulence.

Whether XRP can maintain its rally or succumb to selling pressure will depend on broader market dynamics and potential regulatory developments in the coming weeks.

XRP price forecast: Failure to breach $2.50 could trigger another pullback

After 7% gains in the last two days, technical indicators on the XRPUSD daily chart present a cautiously bullish XRP price prediction, highlighting major hurdles ahead.

The Volume Delta has flipped positive, indicating net inflows of 18.92 million XRP, reflecting a resurgence of demand in the market. This uptick signals that buyers are beginning to reclaim momentum, hinting at a possible continuation of the upward trend if buying pressure persists.

However, the Parabolic SAR indicator, currently at $2.57 and trending higher, suggests that bearish momentum may still weigh on XRP. A failure to breach the key resistance at $2.50 could trigger a pullback, especially as traders maintain a cautious stance. On-chain data shows a growing number of XRP coins in exchange reserves, underscoring the potential for short-term sell-offs if volatility spikes.

In conclusion, XRP’s ability to sustain the rally hinges on clearing $2.50. Otherwise, it risks sliding toward the $2.25 support zone.

The post Ripple (XRP) Price Analysis: XRP traders deposit $85M on Binance as market sell-off cools appeared first on coinpress.

As the crypto market recovers, Pepe Coin (PEPE) price is predicted to surge, potentially delivering an 8x increase. In 2024, PEPE gained over 1,100%, securing its position as a top-performing cryptocurrency. Despite recent corrections, analysts remain optimistic about its growth potential. Investor interest in the meme-based token suggests its upward momentum could continue throughout the new year.

Pepe Coin Price: Could an 8X Surge Be Imminent?

Pepe Coin price has sparked excitement after analysts projected an 8x price increase. The analysis highlights a bullish “u-shaped” recovery pattern within an ascending channel, suggesting the potential for significant upward momentum. 

For Pepe Coin price to reach this ambitious target, its price would need to rise by more than 700%, requiring consistent buying pressure and a breakthrough of key resistance levels. 

Currently, the Pepe Coin price is consolidating near the mid-range of the channel, positioning itself for a potential breakout. The cryptocurrency must also rely on favorable market conditions, including strong investor sentiment and broader market trends. 

With analysts speculating on the possibility of an 8X rally. A major factor fueling this optimism is Bitcoin’s potential climb past $100,000, which could spark a wave of bullish sentiment across the cryptocurrency market. 

Historically, Bitcoin’s performance often serves as a bellwether for altcoins, and a breakout could bring renewed attention to meme coins like Pepe. 

A resurgence in other top meme coins could further strengthen market momentum, driving speculative interest and increasing buying activity. Whale transactions could also play a critical role in Pepe’s potential rally. Large-scale trades or accumulation by influential investors often act as a signal for broader market participation.

PEPE Coin Price Analysis

The value of PEPE is trading at $0.00001781, reflecting a 0.96% decrease in the last 24 hours. The $0.000015 support level continues to act as a critical price floor. The resistance levels at $0.00002 and $0.00003 indicate potential upward targets if buying pressure increases. 

A breakout above $0.00002000 could trigger bullish momentum, driving the PEPE price toward the $0.00003000 resistance level. Conversely, losing support at $0.00001500 could lead to a retest of lower zones.

The Relative Strength Index (RSI) shows a reading of 44, suggesting mild bearish sentiment in the market. The indicator remains below its neutral 50 level, signaling that sellers retain control. However, a move above 50 could confirm a bullish reversal.

The Moving Average Convergence Divergence (MACD) displays bearish momentum as the MACD line trends below the signal line. Despite this, the histogram narrows, hinting at a possible shift toward positive momentum in the near term.

The recent market dynamics show a striking correlation between PEPE’s price movement and whale activity in stablecoin holdings. Whales controlling over $5 million in stablecoins have adjusted their positions, signaling potential market sentiment shifts. PEPE’s price fluctuations align closely with changes in whale dominance, raising bullish speculation among investors. 

The Pepe Coin price potential for an 8X surge hinges on bullish market trends, whale activity, and strong investor sentiment. Key breakout levels, technical indicators, and Bitcoin’s performance remain pivotal in determining whether Pepe coin price can achieve its ambitious upward trajectory.

The post Is Pepe Coin Price Set for a Massive 8X Price Gain? appeared first on coinpress.

Solana (SOL) consolidated above the $185 support on January 11 as bulls stepped in to halt weekly time frame losses at 20%. On-chain metrics show that SOL staking deposits surged considerably amid the market dip. Is SOL price forming a local bottom?

Solana (SOL) Price Stabilizes at $185 as Staking Inflows Surge

Solana experienced volatile price action this week, mirroring the broader crypto market turbulence. The heightened selling pressure stemmed from macroeconomic concerns and a U.S. court’s approval of the Department of Justice’s liquidation of $6.5 billion worth of Bitcoin seized from the Silk Road.

Solana price dropped sharply, losing 15.7% of its value between January 5 and January 9. This decline mirrored the altcoin market’s broader sell-off as cascading liquidations intensified bearish sentiment.

However, SOL price found support near the $180 mark on Thursday, as seller fatigue set in and traders began opting to staking their assets. At the time of writing on January 11, SOL price has entered a mild rebound to reclaim the $186 level, signaling the formation of a local bottom as traders await the next breakout catalyst.

Investors Staked 1.4 Million SOL In The Last 5-days

This stabilization above $180 has sparked optimism that Solana may consolidate within the $180–$200 range in the near term. Staking inflows into the Solana ecosystem, which have seen a surge over the past few days, also lend credence to the narrative of a potential recovery.

Confirming this, the StakingRewards chart below tracks daily changes in the value of SOL coins deposited in staking contracts. This provides insights into the short-term sentiment among Solana’s key stakeholders and network validators during a specific market phase.

Solana staking deposits stood at 388.8 million SOL as of January 5. As Solana prices plunged due to external pressures, the majority of Solana network validators increasingly grew reluctant to sell.

Over the past week, investors deposited another 1.4 million SOL into staking contracts, bringing the total staked value to 390.2 million SOL at the time of publication on January 11.

Valued at the current prices Solana investors deposited approximately $250 million worth of SOL coins as prices fell by double-digits in the past week.

This paints a bullish outlook for Solana’s near term price prospects for two key reasons. Firstly by staking $250 million worth of SOL, it effectively reduces the short-term market supply, easing the sell-side pressure.

Beyond that, it signals that rather than sell at the current low prices, a large number of current SOL holders are opting to mitigate short-term losses from the bearish external headwinds, with passive income from staking.

As broader market sentiment remains fragile, traders now await a definitive bullish catalyst to push SOL toward a more decisive breakout.

Solana Price Forecast: Clearing $200 Hurdle Could Trigger $250 Retest

Leaning cautiously bullish, Solana price prediction hints at immediate resistance at $200, indicated by multiple previous rejections near this level.

The 200-day SMA, positioned at $197.09, aligns with this resistance, suggesting a critical hurdle. Successfully breaching this level could trigger momentum toward $250. The RSI, currently at 41.24, suggests modest bearish momentum but is approaching its median line (47.55), indicating potential for bullish reversal if buyers regain strength.

Conversely, failure to clear $200 may expose SOL to further downside. The red projection box reflects a 15.59% decline over two days, highlighting a possible drop to $172.48, coinciding with the 50-day SMA as support. Weak volume delta, with a reading of -90.34K, underscores limited buyer enthusiasm, raising caution over sustained upward moves.

In summary, reclaiming $200 sets the stage for a bullish rally to $250, while rejection risks sliding toward $172.

The post Solana (SOL) Price Analysis: Staking Inflows Fuel Rebound Hopes, Can SOL Reclaim $250? appeared first on coinpress.

Stellar (XLM) has been consolidating since late November 2024, leading to several lower highs and suggesting profit-taking. However, between December 9 and January 11, the price action formed an inverse head-and-shoulders setup. This pattern forecasts that XLM could rally shortly.

Stellar (XLM)’s Bullish Pattern Signals Price Could Shoot 30%

The four-hour chart shows that Stellar set up three distinctive swing lows in the past two months, leading to an inverse head-and-shoulders pattern. This technical setup signals a reversal of the downtrend and forecasts a 31% move to $0.612. The target is obtained by measuring the head’s depth of 31% and adding it to the neckline at $0.466.

Overall, the outlook for XLM looks bullish as it overcame the $0.414 resistance level and flipped it into a support floor. This bullish development foreshadows the setup’s breakout rally.

For now, XLM should climb 10% to retest the neckline. Only overcoming this hurdle will confirm a breakout from the inverse head-and-shoulders setup, triggering the 31% move to $0.612.

With Bitcoin forming a potential bottom around $90K to $91K, the chances that altcoins kickstart a rally next week are high.

Is Bitcon Bottom In? Most likely.

January 9's swing low ($91,151) could be the bottom. If not, then a sweep of $90,835 with a bullish swing failure pattern could suggest that a bottom is imminent.
https://t.co/H2Spj0mvEM pic.twitter.com/ohZ0zmlIsB

— MAXPAIN (@Mangyek0) January 10, 2025

Therefore, investors need to focus on tokens that are showing strength. Stellar and Ripple are two such cryptocurrencies that could trigger volatile moves. Let’s explore how Ripple’s upcoming breakout could help Stellar’s XLM.

XLM Follows Ripple (XRP)’s Footsteps

Since Stellar (XLM) is a direct competitor to Ripple (XRP), the price action is often similar, ie., if XRP rallies, XLM will follow suit. Considering that Ripple is close to a breakout from a symmetrical triangle, it is highly likely that Stellar will also follow its footsteps.

Recent coinpress articles forecast that XRP price could hit $4 after breaking out from its ongoing consolidation.

• From a conservative standpoint, XLM can gain at least 30% if Ripple can shoot up 100%.
• However, if Stellar has momentum, then it could also double form the current level and hit roughly $0.80.
• In a highly bullish case, XLM price could reach $1.

To conclude, the XLM’s outlook looks bullish with price on track to hit $0.612 after a 30% rally. In some cases, the coin could far surpass the forecasted targets and potentially hit the $1 psychological level.

The post Stellar (XLM) Price Analysis For January 11 appeared first on coinpress.

Shiba Inu price found support at the $0.000020 level on January 11 after the crypto market triggered a sharp 15% correction during the week. On-chain data shows large investors strategically buying the dip. Is SHIB on the verge of a major bullish reversal?

Shiba Inu price finds support at $0.000020 support as sell-pressure subsides

Shiba Inu price stabilized on Friday after a prolonged downward trend driven by macroeconomic uncertainty and intensified market sell-offs. SHIB fell sharply earlier this week, reflecting the broader altcoin market downturn triggered by external catalysts, including concerns over the U.S. Department of Justice‘s impending $6.5 billion Bitcoin liquidation.

The meme token recorded a steep 15% drop between January 7 and January 10, testing critical support at $0.000020. This level emerged as a key defensive line as selling momentum eased and buyers cautiously re-entered the market, SHIB entered a mild 3% rebound in the last 24 hour to hit the $0.000021 at press time on January 11.

The reversal from $0.000020 signals widespread intent to prevent further loss. With bearish sentiment still lingering, SHIB price may consolidate within the $0.000020–$0.000022 range while traders await a broader market recovery.

As markets eye the next significant macro catalyst, SHIB’s price trajectory remains closely linked to broader crypto sentiment. A decisive move above the $0.000022 resistance could pave the way for a potential rebound, but sustained bearish pressure could reignite selling activity.

For now, the meme token appears to have formed a local bottom at the $0.000020 psychological support.

Whales spotted buying 34 trillion SHIB during the market dip

Shiba Inu price witnessed a notable surge in whale accumulation last week as broader markets reeled under external pressures. The turbulence stemmed from the U.S. Department of Justice’s imminent $6.5 billion Bitcoin liquidation, which triggered sharp sell-offs across the cryptocurrency market.

Despite SHIB’s sharp drop to $0.000020, large holders maintained an optimistic outlook, seizing the opportunity to make large purchases at low prices.

On-chain data from IntoTheBlock reveals that whale investors—those holding at least 0.1% of SHIB’s total supply—dramatically increased their net holdings during the downturn.

According to the chart above, whale wallets acquired 34 trillion SHIB within the last 4-days, capitalizing on the low prices. coinciding with the token’s temporary price recovery to $0.000022 by January 10.

This aggressive accumulation reflects a prevailing bullish sentiment among whales, even as broader market conditions remain fragile. Whale activity historically correlates with significant price movements, and their actions during this downturn could set the stage for a recovery in the coming weeks.

Shiba Inu price forecast: Prolonged consolidation before $0.000030 breakout

SHIB price prediction currently hints at a prolonged consolidation phase as bulls face stiff resistance at $0.000025 while holding firm above $0.000020. The influx of whale purchases adds a layer of stability to Shiba Inu’s price action, bolstering the meme token’s prospects amid ongoing market uncertainty.

Technical indicators on the SHIBUSD chart also support this neutral stance.

Shiba Inu (SHIB) is consolidating within a tight range, with price trading near $0.00002207. The chart below shows Bollinger Bands compressing, signifying reduced volatility and the potential for an imminent breakout. SHIB’s price currently hovers above the lower Bollinger Band at $0.00002009, acting as a crucial support.

The middle band at $0.00002233 is a pivot point, while resistance lies near the upper band at $0.00002457.

On the bullish side, a breakout above $0.00002457 could propel SHIB toward $0.000030, backed by increased whale accumulation and renewed buying momentum. RSI, currently at 44.18, suggests SHIB remains in a neutral to mildly oversold zone. A move above 50 in RSI could validate bullish strength, encouraging buyers to push prices higher.

Conversely, failure to sustain above $0.00002009 risks triggering further declines. A break below this support could intensify bearish pressure, potentially driving SHIB toward $0.00001800.

In summary, the narrowing Bollinger Bands and subdued trading volumes, however, suggest that SHIB may remain range-bound until fresh bullish market catalysts emerge.

The post Shiba Inu (SHIB) Price Analysis: Whales Scoop 34 trillion SHIB, Time to Abandon DOGE? appeared first on coinpress.

Bitcoin (BTC) remains bullish on the longer time frames, but retail investors are panic selling after a crash below $100K again. Institutions remain vigilant as always, accumulating nearly $100 billion worth of BTC in 2024. Why? Let’s explore.

Institutional Buying Spree Snaps Up Nearly $100 Billion BTC

Institutions have been aggressively buying Bitcoin since the ETF approval. According to data platform Arkham Intelligence, BlackRock, MicroStrategy, and Fidelity have collectively purchased ~$100B worth of BTC. 

Specifically, BlackRock, the world’s largest asset manager, alone bought $50B, while MicroStrategy, a software giant, managed to accumulate $24B worth of BTC. Fidelity stands on the low end after acquiring BTC worth $20B. This significant buying pressure, even with OTC deals, could impact BTC’s price in the ongoing bull run.

BLACKROCK BOUGHT $50 BILLION BTC IN 2024
MICROSTRATEGY BOUGHT $24 BILLION BTC
FIDELITY BOUGHT $20 BILLION BTC

Zoom out. pic.twitter.com/d2oyqtCM2z

— Arkham (@arkham) January 10, 2025

Long-Term BTC Holders’ Distribution Nears End

Glassnode data shows that long-term holders were distributing their BTC, even at prices 12% below the all-time high. However, the 30-day percent change in long-term holder supply suggests that the distribution rate has likely peaked, aka coming to an end. This development indicates that long-term holders are likely done selling

Historically, when long-term holders finish distributing their coins, the price of BTC tends to reverse the downtrend and kickstart a rally. 

LTH Long/Short-Term Holder Supply Ratio

Retail Capitulation Reaches Peak

CryptoQuant’s data on retail investors’ demand change shows peak capitulation from short-term holders. This indicator tracks retail investor volume, ranging from $0 to $10K. This indicator hit –22%, and history shows that such a steep decline in retail demand often indicates retail capitulation, which is where markets tend to bottom. 

Why Are Retail Investors Panicking?

Generally, retail investors are inexperienced and lack patience. Moreover, these investors are trying to hit it big, which often leads to them going all in with high leverage making them more susceptible to noise and short-term price movements. Hence, the recent drop in Bitcoin price below $100K has caused panic and capitulation.

Often, long-term or smart investors buy from the panic-selling retail. This wealth transfer is often followed by a massive rally, leaving unsuspecting retail investors poorer than when they decided to invest.

Regardless of this capitulation, the outlook of Bitcoin looks massively bullish, but a majority of retail investors are always caught on the wrong side. These signs often signal and allow smart traders to position themselves before a massive rally kickstarts.

What’s Next for BTC Price in 2025?

Here’s a crypto analyst’s take on why Bitcoin price could be forming a bottom around $90K to $91K, signaling the next leg of bull run.

Is Bitcon Bottom In? Most likely.

January 9's swing low ($91,151) could be the bottom. If not, then a sweep of $90,835 with a bullish swing failure pattern could suggest that a bottom is imminent.
https://t.co/H2Spj0mvEM pic.twitter.com/ohZ0zmlIsB

— MAXPAIN (@Mangyek0) January 10, 2025

If this outlook is true, and Bitcoin is forming a bottom, it could be preparing to resume the uptrend and explore new highs. Here are some targets for this next phase as noted in our 2025’s bold Bitcoin price predictions, the cycle top could form anywhere between $150,00 to $250,000. 

“CMT Analyst Adrian Zduńczyk is a firm believer that Bitcoin will peak at around $225,000 this cycle and is expecting BTC to transition from optimism to a belief phase.”

Furthermore, several institutions and banks are also expecting a similar move from BTC in 2025. 

“Standard Chartered expects BTC price to hit a peak of $250,000 in 2025. Geoff Kendrick, the bank’s head of digital asset research, noted that spot Bitcoin ETF flows could hit $50 to $100 billion by 2026. Fundstrat Global Advisors’ Tom Lee also shares this outlook.”

Conclusion

The convergence of institutional buying, long-term holders finishing their distribution, and retail investors’ capitulation is a perfect storm, signaling a bottom and an impending significant Bitcoin price rally. As institutions continue to invest in BTC, the stage is set for a potential bull run, with some analysts predicting a cycle top between $150,000 and $250,000.

The post Institutions Buy $100 Billion BTC, But Retail Investors Panic, Why? appeared first on coinpress.

Ethereum (ETH) remains steady at the $3,200 support level despite recent market fluctuations. Looking ahead, a crypto expert predicts a bullish trend for ETH in both the short and long term. While other cryptos struggle to see a rebound, Ether could rally further, encouraged by an emerging ascending channel and technical indicators.

Short-Term Ethereum (ETH) Technical Analysis

The ETH price today trades at $3,234, with a 1% decrease in the past 24 hours as the broader crypto market trades sideways. Ethereum’s short-term outlook hints significant volatility and potential upside.

According to the analyst, if the Ethereum price is accepted into this composite value area zone, the next price targets include $3,400, $3,500 & $3,600. In the case of a massively bullish scenario, projections hint at a target of $4,000 in the short term, potentially at the end of January 2025.

The analysis favors a bullish outlook due to the double purge setup. This technical formation features a liquidations of a long position as price crashes. This drop attracts short positions, which are also liquidated as price bounces after tagging key support levels. The double purge previously acted as a strong buy signal, leading to a quick rally to $3,800.

However, rejection at the composite’s lower level, where Ethereum currently trades, could trigger a pullback to two key support levels of $3,100 and $3,000, respectively.

On-chain Data Shows It is a Good Time to Buy ETH

Ethereum’s 30-day MVRV ratio suggests a high probability of a price reversal at current levels. The MVRV ratio has served as a key metric for identifying overbought or oversold conditions in the market. When the ratio aligns with significant support levels, it often signals potential accumulation by large investors.

Supporting this observation, multiple indicators are reportedly converging, reinforcing the likelihood of increased buying activity. These conditions highlight a possible accumulation phase, with analysts pointing to whale activity as a precursor to upward momentum. This aligns with prior market trends where MVRV dips were followed by significant rebounds.

#ETH‘s 30-day MVRV history shows the probability of reversal here is high!

If this isn’t proof enough, three more indicators are in confluence, hinting MASSIVE WHALE ACCUMULATION! pic.twitter.com/smDndpfEYF

— MAXPAIN (@Mangyek0) January 10, 2025

Ethereum’s Long-term Outlook Forecasts Price Could Hit $6,000

Ethereum price trajectory suggests a potential rebound at $2,800, possibly acting as a launchpad for a $6,000 target. Analysts highlight an ascending parallel channel, indicating a critical support zone near $2,800. 

If the trend persists, the Ethereum price prediction could see significant upside potential, aligning with bullish market sentiment. 

In summary, the Ethereum price is poised for growth, with short-term targets at $3,600 and $4,000 if current levels holds. In the long term, the $6,000 milestone appears achievable, supported by technical setups and ascending trend. With its bullish trend, ETH might see more gain soon. 

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Despite the recent crypto market volatility, Ripple’s XRP price has been trading around $2.30, showcasing resilience. In the past few weeks, the token is getting squeezed into a pennant, suggesting an imminent breakout. Although pennants don’t necessarily have a breakout basis, this consolidation hints at that the bias is skewed in favor of bulls.

XRP Price Edges Closer to Bull Flag Breakout

The analyst illustrates an XRP price analysis focusing on a symmetrical triangle pattern with key targets marked in yellow. If the price breaks through these levels, it could lead to a bullish trend, starting the Bullish Pennant pattern. 

Post-breakout, the analyst indicates potential price targets. If the breakout is upward, as suggested by the bullish pennant, the first target is around $2.55, with further targets at higher resistance levels of $2.91, $3.77, and possibly up to $3.55.

The XRP price surged with increased social media buzz. The correlation between price fluctuations and social volume highlights the significant influence of public sentiment on XRP’s market performance.

Ripple Price Analysis

The Ripple price is currently at $2.31, showing a modest increase of 2%. Ripple has established a resistance level near the $2.60 mark. The price has struggled to break this threshold over the past few days, indicating a strong resistance area. 

Conversely, a support level has formed around the $2.20 mark, providing a baseline below which the price has not fallen.

The Relative Strength Index (RSI), a key technical indicator, sits at 52.24, suggesting a neutral market sentiment. 

If XRP can sustain momentum and push beyond the $2.60 resistance, the next target could be around the $3.00 level. 

Should the price fail to ascend and instead break below the support at $2.20, it might test lower supports near $2.00.

Ripple Prepares for Potential Price Breakout

Ripple price is positioned within a symmetrical triangle, signaling a potential breakout. Bollinger Band Width trends towards a minimum, hinting at an impending volatile move. 

The setup shows no directional bias, indicating a possible shift in any direction. Moreover, a pronounced bullish divergence suggests a likely upward breakout. This analysis infers a critical juncture in Ripple’s price trajectory.

$XRP TA

– price squeezed in symmetrical triangle = preapring for breakout

– Bollinger Band Width (BBW) = Approaching local low = breakout imminent

– but symmetrical triangle = no bias = could breakout in any direction

– exaggerate bullish divergence = breakout likely bullish pic.twitter.com/g4uGjS5pLB

— MAXPAIN (@Mangyek0) January 10, 2025

XRP’s market exhibits strong support above $2.30, with a bullish pennant suggesting an upward price breakout. Investors should monitor resistance levels and market sentiment closely, as these will be crucial in determining XRP’s short-term price movements.

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The recent crypto bull market has created many millionaires, some of who started with less than $1,000. Bitcoin has already jumped by over 500% from its 2022 lows, while many smaller meme coins have surged by over 10,000%. One expert on X has shared some of the best crypto trading strategies for traders with $1K, $10K, $100K, and $1M. 

Best Crypto Trading Strategies To Make Millions

In an X post, Lynk, a popular crypto analyst with over 158,000 followers, explained how anyone can make a fortune in the crypto market. 

For investors under $1,000, he recommends cryptocurrencies that will increase in value two or threefold over a short period. After making their money here, he advises traders to sell about 70% of their portfolio and leave the rest invested. In this case, some tokens will go to the moon, while others will collapse.

Lynk also recommends investing in bigger meme coins if you have between $10,000 and $100,000. These meme coins tend to be less volatile than the smaller ones being pumped. Some examples of these mid-cap meme coins are the likes of Floki, Brett, and Popcat. 

Crypto traders with between $100k and $1m should buy big meme coins like Dogecoin and Shiba Inu, while those with $1 million in assets should go for large coins like Bitcoin and Solana.

Cryptocurrency Trading Has Made People A Fortune

Data shows that many people have made a fortune in crypto trading. LookOnChain identified one trader who made a $19 million profit buying Solana memecoin ai16z and $18 million trading Fartcoin.

It also identified another trader who made $11.5 million with ai16z, $3.32 million on Griffain, and $1.98 million on Zerebro. 

The chart below shows that tens of traders made millions buying Goatseus Maximus (GOAT), a crypto token that surged and then retreated. Also, as you can see, most of these profit leaders already sold the token, possibly at the top, leaving many retail investors holding the bag.

A key theme in all this is that some of the best-performing tokens are fairly new ones, which Lynk recommended to new traders. While old meme coins like Shiba Inu and Dogecoin generated good returns, their performance did not match those of newer ones. 

Another notable aspect of crypto trading is understanding the Wyckoff Method, which explains how assets accumulate, surge, distribute, and then plunge. The last chart above shows that the smartest GOAT traders made their money and sold before the markdown or plunge phase started. 

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Aixbt (AIXBT) is an AI agent built on the Solana blockchain. that has its own X account, freedom and token has gained widespread popularity in crypto due to its niche and the ongoing AI-based trends. Although the altcoin crashed due to Bitcoin’s collapse, it AIXBT price triggered a 55% recovery rally. 

One of the key reasons for this is the CES 2025 event. In addition to this, NVIDIA CEO’s mention of AI agents and how they could reshape many industries caused this trend to ignite. Moreover, technicals also suggest AIXBT price has a long way to go despite the 55% rally witnessed on Friday.

NVIDIA CEO Restart AI Agent Hype During CES 2025

During the recent Consumer Electronic Show (CES) 2025, many Artificial Intelligence-based developments were showcased, sparking interest in AI agents. These agents are powered by AI and machine learning and are expected to accrue value that could surpass billions of US dollars. The technology also has the capacity to massively impact various sectors, including healthcare and finance. One of the main reasons that fueled this hype was Nvidia CEO Jensen Huang’s keynote on the AI agent topic during a CES 2025 keynote. His comments 

Google Trend search reveals that AI agent topic’s popularity or searches eclipse that of meme coins. This shows that the trend is pivoting toward these agents. 

As CES 2025 concludes, AI Agents have become a topic of interest. AIXBT, a popular crypto AI agent, shot up 55% in under 13% hours after Bitcoin’s crash to $91K. With more investors taking notice, the AI agent sector is likely to explode.

AIXBT Price Analysis Hints AI Token is Primed For Extended Recovery Rally

As seen in the one-hour chart, AIXBT’s price shot up 55% from the bottom of January 9 and set up a local top of around $0.598. This massive uptrend, coupled with volatility related to Nonfarm Payrolls, triggered a short-term 20% correction, leaving aixbt, a Solana-based token, to trade around $0.530.

It has produced four lower highs since December 31, indicating that despite this recent uptick, bears or profit-taking still dominate. However, with Bitcoin (BTC) showing signs of forming a potential bottom, top altcoins, including AIXBT price, could be setting the stage for an even bigger rally.

Strategic Support & Target Levels

Investors need to observe potential reverals around the $0.471 and $0.510 support levels. A bounce here could lead to a revisit of the December 31 highs of $0.670. Crypto traders can expect a breakout from here, leading to a new all-time high potentially around $1 before January 2025 ends.

The surge in AIXBT’s price is a testament to the growing interest in AI agents. With NVIDIA CEO Jensen Huang’s endorsement and the CES 2025 event sparking excitement, the AI agent sector is poised for massive growth. As Bitcoin’s price stabilizes, AIXBT’s potential for an extended recovery rally also surges.

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Pepe Coin price remains under pressure this week as Bitcoin falls below $95,000 and most meme coins retreat. This crash has erased almost $3 billion in value, pushing some holders to sell and take profits. Still, on-chain metrics like falling supply on exchanges and some technicals mean that the Pepe price may go vertical soon.

Pepe Coin Price On-Chain Metrics Signal A Rebound Is Possible

On-chain metrics, or numbers recorded on the Pepe network, signal that the coin may be primed for a rebound. One of the most popular data is a coin’s supply on exchanges, which provides information on whether traders are buying or selling it. 

In Pepe’s case, Santiment data shows that the supply on exchanges has continued falling in the past few days. There were 147 trillion Pepe tokens down from over 218 trillion a few months ago. That number means that many holders, especially whales, have not moved their Pepe coins from their wallets to exchanges. 

In line with this, more data by IntoTheBlock shows that the number of large transactions has remained muted in the past few weeks. The figure stood at 354 transactions on Thursday, down from over 1,600 in December last year. This number means that many large investors continue to hold their positions, hoping that it will bounce back.

Pepe MVRV Indicator Points To Undervaluation

Meanwhile, more data shows that Pepe coin is undervalued. The market value to relative value (MVRV) indicator is one of the most popular tools to assess whether a coin is cheap or overvalued. It finds the z-score of the market value and the relative value ratio, with a low figure pointing to undervaluation.

The 30-day, 7-day, and 365-day MVRV ratios have remained under pressure as the coin pulled back. That is a sign that it has become a bargain for now. 

Another indicator known as TD Sequential has also flashed green. According to Ali Martinez, the indicator flashed red on January 4 leading to a 20% crash. It has now flashed green, pointing to a potential rebound.

Pepe Coin Price Analysis: Can It Rebound?

The daily chart shows that the value of Pepe has dropped to a crucial support level of $0.00001716. This is a notable level since it coincides with the 100-day Exponential Moving Average and the upper side of the cup and handle pattern. That could be a sign that it has formed a break and retest pattern, a popular continuation sign. 

If this is correct, it means that Pepe Coin price may bounce back and retest the all-time high of $0.00002830, up by 65% from the current level.

The risk, however, is that the coin may be forming a head and shoulders pattern, a high-risk reversal sign. Such a pattern may lead to more downside, especially if the coin drops below the 100-day moving average.

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The crypto market faces challenges as SEC Chair Gary Gensler plans to step down on January 20, 2025. Bitcoin struggles to maintain momentum, trading below $100,000. Market uncertainty looms as regulatory shifts are anticipated following Gensler’s departure. Investors are advised to reconsider positions in volatile assets. Below are five crypto to sell that might warrant caution before this transition.

Crypto to Sell Now: Dogecoin (DOGE)

Dogecoin (DOGE), a major meme-based cryptocurrency, has experienced a significant price decline over the past 30 days. The downturn aligns with broader bearish trends in the crypto market. At the time of writing, the DOGE price is trading at $0.3353. Investors are advised to reassess their holdings ahead of potential market shifts.

Dogecoin appears to be forming a selling climax bottom, signaling potential recovery. It continues to hold above a critical support trendline. This secondary test reinforces the structure’s stability, with a possible sign of strength expected soon.

THORChain (RUNE)

THORChain (RUNE), a decentralized liquidity protocol, facilitates secure cross-network cryptocurrency trades, including Bitcoin and Ethereum, without requiring users to relinquish control of their assets. 

Currently, the RUNE price is at $3.49, reflecting a daily decline of 7.07%. This downturn mirrors broader market trends. If the downward pressure continues, RUNE could potentially drop to $3.00 in the short term. This positions RUNE as a significant underperformer in today’s market, marking it as one of the crypto to sell now to sidestep losses before Gary Gensler’s departure.

Bittensor (TAO)

Bittensor, an open-source blockchain protocol for decentralized machine learning, has experienced a recent price dip. The TAO price today stands at $444.63, marking a 0.56% decrease within the past 24 hours. 

As the broader crypto market faces recovery challenges, investors are re-evaluating their portfolios. Experts highlight potential risks, listing Bittensor among five crypto to sell now to avoid losses before Gary Gensler’s departure impacts the regulatory landscape.

Helium (HNT)

Helium (HNT), a decentralized blockchain network for Internet of Things (IoT) devices, was launched in July 2019. Its mainnet enables low-powered wireless devices to communicate and share data across a distributed network of nodes. 

Over the past week, HNT’s price dropped by 10%, reflecting the ongoing bearish trend in the crypto market. In the last 24 hours, the price declined further to $5.63, ranking it among the top losers in today’s market. Helium is now considered a crypto to sell before Gary Gensler’s farewell to mitigate potential losses.

SPX6900

SPX6900, an innovative blockchain cryptography token, offers limitless potential for scientific applications. Currently priced at $1.19, it reflects a 2.71% daily decline. This decrease aligns with the broader bearish market trend, as Bitcoin trades below $100,000. 

Analysts suggest SPX6900 is among the top five cryptocurrencies to sell now, ahead of Gary Gensler’s departure, to avoid potential losses.

Gary Gensler’s exit introduces uncertainty, with possible regulatory changes affecting the crypto market. Investors should assess positions in vulnerable assets to mitigate potential risks.

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As the crypto market faces challenges, Shiba Inu price holds firm above the $0.00002 support level. Despite recent corrections, including Bitcoin (BTC) falling below $100,000, SHIB remains resilient. In 2024, it saw significant gains driven by bullish trends. As January 2025 approaches, investors speculate on SHIB’s potential for a new rally amid market recovery efforts.

Can Shiba Inu Price Hit New Highs in January 2025?

The Shiba Inu price has recently faced a downturn, recording a 20% decline over the past month, which has stirred concerns among its community about the potential outlook for 2025. 

Despite this recent setback, SHIB investors remain optimistic, as the token’s performance surged by over 130% in 2024. This impressive rally raises the possibility of SHIB reaching new heights in January 2025.

Market analysts suggest that a resurgence in BTC, potentially surpassing the $100k mark, could spark a broader rally across the cryptocurrency market, including Shiba Inu.

 Additionally, increasing activities by SHIB whales purchasing more tokens during the dip could indicate a preparation phase for an upcoming rally. These large-scale purchases often signal significant upcoming price movements.

Furthermore, the momentum in other leading meme coins such as Dogecoin, Pepe, Pingu, and WIF could also contribute to SHIB’s rise. The community is also buzzing with excitement about new developments, including the launch of governance tokens and the upcoming TREAT initiative, which aims to enhance the token’s blockchain utility.

With the U.S. presidential inauguration set for January 20th, the political climate may also play a role in the crypto market dynamics, potentially influencing Shiba Inu’s price trajectory as the month progresses.

Analyst Predicts Continued Surge for SHIB Price

Crypto analysts indicate that the Shiba Inu price is still in a significant breakout phase, with potential gains not fully realized yet. 

The current price action suggests a future target of $0.000081, over 261% higher than current levels. This gradual climb could extend the currency’s upward trajectory, with $0.0001553 as the next potential milestone if the trend continues upward.

Will SHIB Price Hit $0.00005 This Month?

As of Friday, January 10th, the SHIB price hovered at $0.00002168, struggling to gain momentum with a slight increase of 3.04%.  

The Relative Strength Index (RSI), currently at 42, suggests that SHIB is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) indicates a bearish trend, as evidenced by the histogram moving below the signal line.

Market analysts point to crucial resistance and support levels that could influence SHIB’s short-term trajectory. The immediate resistance lies at $0.000025, while support is found at $0.000021. 

A break beyond these boundaries could dictate the next significant move for SHIB in the coming weeks. If bulls gain more power, the Shiba Inu price prediction could hit $0.00005 in the near term.

If market conditions remain favorable, especially with potential boosts from Bitcoin’s performance and political influences, Shiba Inu might set new records in January 2025. This scenario presents a bullish outlook for SHIB as the new year unfolds, potentially reaching unprecedented highs.

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Solana price today remains under pressure as bulls attempt to buy the dip following a 30% crash from its December highs. While BNB has also dropped, its performance has been less severe than SOL and other top altcoins. So, will SOL bounce back and overtake BNB again to reclaim the 5th spot in terms of market cap?

Solana Price Is At Risk Of A Deeper Dive

Technicals suggest that the SOL price is at a significant risk of a deeper dive in the coming days. It has just dropped below the trendline that connects the lowest swings since December 20. 

The coin has also moved below $193.65, the highest level on July 29, and the 50-day moving average at $204.60. Moving below these crucial support levels is a sign that the coin is not finding enough buyers just yet. 

Solana price now must remain above the support at $175.8, its lowest level on December 20. Indeed, in a recent note, Ali Martinez, a popular crypto analyst on X, warned that a drop below $180 will raise the possibility of it falling to $150 and then $130, a 30% crash. 

Therefore, SOL price may be at a significant risk of more downside as the trend of lower highs and higher lows continue. Also, from a macro level, it faces the risk of a meme coin bubble burst as those in its ecosystem have shed billions of value in the past few days. 

On the positive side, a Solana price drop to $175 may be a bullish thing as it will be a sign that it has formed a double-bottom pattern whose neckline is at $223. A double-bottom usually leads to a strong bullish breakout. 

BNB Price Cup And Handle Points To A Rebound

On the positive side for BNB, the weekly chart shows that it has been forming a cup and handle pattern. The upper side of this pattern is at $695, where it is trading presently. It has already completed forming the cup section and is now in the handle part. 

Therefore, as this Binance coin price forecast showed, there is a likelihood that the BNB price will stage a strong rally and move to $1,180. This price target is achieved by first measuring the depth of the cup, which stands at 70%. We then measured the same distance from the upper side of the cup.

Will SOL Overtake BNB Again?

Technically speaking, SOL price needs to remain above the crucial support at $175 to increase the possibility of overtaking BNB again. As things stand, the two have formed two uniquely different chart patterns, reducing the possibility that SOL will flip BNB soon. 

Fundamentally, however, Solana’s ecosystem is thriving, with the amount of stablecoins, DEX volume, and DeFi TVL being in a strong uptrend. Also, the possibility that the SEC will approve a SOL ETF will be a catalyst.

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Dogecoin price stabilized around $0.33 on Friday, halting a market downturn that saw a 15% decline over four days. Currently, the market struggles to rally. A resurgence in support from Elon Musk for DOGE could be imminent under certain conditions.

Elon Musk Ready to Back Dogecoin price Again? What Needs to Happen

In 2021, Elon Musk declared his willingness to fully back Dogecoin’s price contingent on major stakeholders scaling down their investments to combat the disproportionate concentration of wealth. 

The call for action aimed to foster a more equitable distribution of Dogecoin among its holders. Despite the initial buzz around Musk’s statement, recent trends show that wealth concentration is still a significant issue within the Dogecoin community.

If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.

— Elon Musk (@elonmusk) February 14, 2021

The Gini, a statistical measure of distribution used to gauge inequality, has continued to climb, indicating that wealth among Dogecoin holders is increasingly concentrated.

In Dec 2021, the coefficient was recorded at 0.987 and has since edged closer to a perfect inequality score of 1, sitting at 0.995 in recent assessments. This rise suggests that despite broader market dynamics, the wealth disparity among Dogecoin investors is intensifying.

Analysis of Dogecoin wallets reveals varying trading behaviors, particularly among those holding between 1k and 1m coins. Notably, accounts with tens of millions of DOGE have consistently bought more during market dips and sold during highs. This strategy underscores a persistent accumulation trend among the largest holders, challenging the decentralized Dogecoin aims to promote.

Will Dogecoin Price Revist ATH?

In November, the meme coin experienced a notable surge, primarily driven by Elon Musk’s enhanced influence and direct involvement in the D.O.G.E. initiative. His engagement has sparked renewed optimism about Dogecoin overcoming key resistance levels.

At the time of writing, the DOGE price hovered at $0.33604, marking a slight 0.9% increase. The Relative Strength Index (RSI), currently at 46, indicates that Dogecoin is neither overbought nor oversold, presenting a neutral market sentiment.

As the Dogecoin price prediction approaches the $0.35 mark, traders might look for signs of sustained momentum. If it breaches this level, a test of higher resistance near the $0.50 range could be imminent. 

If bulls mount more pressure, the DOGE price could revisit the ATH seen in the 2021 bull run, which could surge by more than 54%. Conversely, a drop below current support levels might see it retreat to lower thresholds around $0.28.

In conclusion, Dogecoin’s stabilization and the prospect of Elon Musk’s support hinge on reduced concentration among major holders. If this shift occurs, DOGE might once again capture market enthusiasm and revisit its peak prices.

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Ethereum (ETH) has shed nearly 16% of its value this week due to Bitcoin’s (BTC) descent from $100K on Tuesday to a retest of $92K in the late New York session on Thursday. Despite this sudden collapse in BTC  & other altcoins, whales seem to be taking advantage of this volatility to accumulate 25,000 ETH. What’s next? A market bottom and a rally or collapse in ETH’s value? Let’s explore.

Ethereum Price Today: ETH is up No data found for ethereum on 1 day ago%

Ethereum (ETH) price today trades at No data found for ethereum on 1 day ago as of No data found for ethereum on 1 day ago. Although the token showed strength at the end of 2024, it has dropped nearly 16% since Monday this week. Whales and top holders took advantage of this crash and accumulated roughly 25,000 ETH. From a daily high of No data found for ethereum on 1 day ago ETH price is down No data found for ethereum on 1 day ago% on January 11.

Ethereum Price Chart Today

Ethereum price chart today shows a recovery from $3,220 to roughly $3,260

*Ethereum price updated as of No data found for ethereum on 1 day ago.

Ethereum Whales Accumulate 25,000 ETH After Recent Crypto Market Crash

Data from Santiment shows that the supply of ETH held on exchanges dropped from 10.67 million on January 7 to $10.42 million today. Roughly 25,000 tokens were transferred off centralized platforms, which shows confidence and hints that long-term holders are forecasting a price rally. Interestingly, The same chart also shows top holders’ (other than exchanges) balance increased by 25,000, which is a clear sign of accumulation by whales

Generally, investors with more than $100,000 in capital are considered high net worth or whales. If transactions worth more than $100K spike after a rally, it can be seen as these whales looking to book profits. Hence, often, a spike in whale transaction count after a rally can be viewed as a sell signal. However, an uptick in such transfers after major crashes often indicates accumulation from these investors and markets a bottom.

During the late Thursday crash, whale transactions worth more than $100K and $1 million saw a significant increase, further adding credence to our notion of an accumulation from smart investors.

Is The Bottom In Yet?

With such strong evidence of smart money accumulation, retail investors must prepare for a potential reversal. This recovery rally and resumption of the bull run will occur if Bitcoin bottoms. As noted, the January 9 swing low at $91,151 could be the bottom. If BTC slides lower, with a bullish swing failure pattern at $90,835, it could signal that a reversal is imminent.

Hence, Ethereum could also be close to forming a stable bottom that could kickstart a bull rally.

Is Bitcon Bottom In? Most likely.

January 9’s swing low ($91,151) could be the bottom. If not, then a sweep of $90,835 with a bullish swing failure pattern could suggest that a bottom is imminent.
https://t.co/H2Spj0mvEM pic.twitter.com/ohZ0zmlIsB

— MAXPAIN (@Mangyek0) January 10, 2025

Ethereum Price Analysis and Strategic Targets For January 2025

The daily chart shows an inverse head-and-shoulder setup forming on Ethereum. This setup hints at a bullish reversal and the end of a downtrend or consolidation. It contains three distinctive bottom formations, the central one lower than the other two, denoting the head. While the one on either side of the head is termed the shoulders. Hence, the namesake.

In this case, the technical formation forecasts a 44% rally to $5,825, obtained by adding the head’s depth to the breakout point at $4,000. However, investors can expect the bull run to resume if Bitcoin ends the ongoing downtrend by forming a bottom on January 9 or 10. In such a scenario, Ethereum could go beyond $5,825 and potentially tag the $6,000 psychological level before January 2025 ends.

Some key support levels include $3,278, $3,029, $3,000 and $2,739.

While the inverse head-and-shoulder setup is bullish, it needs to finish forming even before a breakout can be considered. Hence, some key resistance levels that Ethereum price needs to overcome are $3,600, $3,843, $4,000.

Ethereum price prediction notes some strategic levels for January 2025 for investors to book profits: $4,500, $5,000, $5,500, $5,825 and $6,000.

On the other hand, a breakdown of the $3,029 support levels will invalidate the inverse head-and-shoulder setup mentioned above. Such a development could knock ETH down to $2,800 and lower levels.

In conclusion, despite Ethereum’s recent 16% drop, whales have taken advantage of the volatility to accumulate 25,000 ETH. Strong evidence suggests smart money accumulation which retail investors need to pay attention to and look for a potential reversal. The target for Ethereum in January 2025 includes a local top formation at $5,825 or $6,000.

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Solana (SOL) price, one of 2024’s top-performing cryptocurrencies, has surged over 100%, showcasing bullish momentum on long-term charts. With rising retail investor interest and speculation surrounding a potential U.S.-based Solana exchange-traded fund (ETF), the cryptocurrency is positioned for further growth in 2025.  These developments could fuel a significant price rally, solidifying Solana’s status as a key player in the crypto market.

Solana Price Surge Anticipated with US ETF Adoption

Solana price recently slipped below the critical $200 mark, experiencing a weekly decline of over 7%. However, analysts predict a potential rebound in the coming months, driven by key developments. 

The anticipated approval of a Solana-focused Exchange-Traded Fund (ETF) in the United States could significantly boost the demand for altcoin. With five firms, including VanEck and Grayscale, vying for ETF approval, optimism among investors is rising. 

Market experts believe the approval, likely under President-elect Donald Trump’s incoming administration, will catalyze retail participation. Despite current corrections, Solana is expected to lead a market recovery by 2025, fueled by growing investor interest and increasing retail demand.

SOL Price Analysis

The latest SOL price is trading at $191.07, marking a 0.60% decline over the past 24 hours. After failing to sustain its recent upward momentum, Solana has slipped below key support levels, signaling potential further downside.

The Relative Strength Index (RSI) currently stands at 31, indicating oversold conditions in the short term. While this could point to a potential relief rally, sustained bearish pressure could push the RSI deeper into oversold territory, dampening recovery efforts.

The Moving Average Convergence Divergence (MACD) indicator highlights a strengthening bearish trend. The MACD line is below the signal line, accompanied by widening bearish histograms. This setup suggests that selling pressure may persist in the coming sessions.

Upside resistance is visible at $200, a psychological level that could trigger buying interest if reclaimed. Beyond this, the next resistance zone lies near $220, aligning with the recent failed breakout level. On the downside, a breach below $190 may accelerate selling, with $160 emerging as a significant support target for Solana price prediction.

The potential approval of a U.S.-based Solana ETF could drive significant investor interest. While current conditions indicate short-term challenges, Solana’s strong fundamentals and growing demand position it for a potential price rally in 2025. 

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Shiba Inu price, a meme-based cryptocurrency, has experienced a significant drop over the past week. This decline aligns with a broader downturn in the cryptocurrency market. Bitcoin, for instance, has fallen below $94k. Other crypto have also seen decreases. Shiba Inu’s value has decreased by 10% during this period. It recently plummeted to $0.00002, breaching several support levels. This raises concerns about how low SHIB could potentially fall by January.

Will Shiba Inu Price Plunge Further in January?

Shiba Inu price continues its downward trend alongside major cryptocurrencies like Bitcoin, Ethereum, and Ripple, all recording notable losses. As of today, the global cryptocurrency market value stands at $3.24 trillion, showing a decline of 3.12% in the last 24 hours. 

Trading volumes across the market have also fallen by 10%, totaling $164.38 billion. This week’s sharp downturn highlights increasing bearish sentiment since the month’s onset.

Market analysts attribute the drop to anticipations of stricter monetary policies by the U.S. Federal Reserve. Such expectations have prompted investors to reduce their holdings in riskier assets, including popular memecoins such as SHIB. Similar downtrends are evident in other meme coins like Dogecoin, WIF, and Pepecoin. If these trends persist, Shiba Inu’s price could potentially sink further in January.

According to recent data, Shiba Inu has significantly decreased its circulating tokens. Over the past 24 hours, an impressive total of 8,738,201 SHIB tokens were incinerated. This adjustment has seen the circulating supply dip to 584 billion tokens. 

The Shiba Inu ecosystem also reports that out of the initial supply, over 410 trillion tokens have been permanently removed. Notably, 5 billion tokens remain staked as xSHIB, contributing to a secure network foundation

SHIB Price Analysis

At the time of writing, the SHIB price hovered at $0.0000216, marking a modest decrease of 4%. Over the past few days, SHIB has seen a decrease within a descending channel, hinting at potential downward pressure in the short term. 

The Relative Strength Index (RSI), currently at 37.67, nearing the oversold region. Technical analysis shows SHIB may encounter resistance near the $0.00002600 level. If the price breaks above this, a bullish trend could be confirmed, potentially leading to further gains. 

Conversely, if the downward trend continues within the established channel, the Shiba Inu price prediction could see a decline towards $0.00002000, a drop of approximately 28% from its current position

In conclusion, as Shiba Inu price trends downward amid a broader market dip, its future is uncertain. If Bitcoin continues to decline, SHIB could potentially follow, deepening the impact on its price.

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