coinpress https://coinpress.live/ coinpress - 24*7 Crypto Updates Sat, 11 Jan 2025 17:24:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://coinpress.live/wp-content/uploads/2023/11/cropped-coinpress_logo2-32x32.png coinpress https://coinpress.live/ 32 32 Top 3 Reasons to be Bullish on Dogecoin (DOGE) Price https://coinpress.live/markets/top-3-reasons-to-be-bullish-on-dogecoin-doge-price/ Sat, 11 Jan 2025 17:05:27 +0000 https://coinpress.live/?post_type=markets&p=233126 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.

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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.

Top 3 Reasons to be Bullish on Dogecoin (DOGE) Price
Source: Santiment

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.

Top 3 Reasons to be Bullish on Dogecoin (DOGE) Price
Source- Santiment

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.

Top 3 Reasons to be Bullish on Dogecoin (DOGE) Price
Source- Santiment

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.

Top 3 Reasons to be Bullish on Dogecoin (DOGE) Price
Source: TradingView

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.

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Analyst Predicts 200% Surge For FLOKI Price But This Must Happen First https://coinpress.live/analyst-predicts-200-surge-for-floki-price-but-this-must-happen-first/ Sat, 11 Jan 2025 17:00:48 +0000 https://coinpress.live/?p=233087 Crypto analyst Investing Haven has provided a bullish outlook for the FLOKI, predicting that the meme coin could record a 200% surge. The analyst also revealed what must happen before FLOKI can record such a parabolic price surge. FLOKI Price To Surge 200% If This Happens In an X post, Investing Haven predicted that the

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Crypto analyst Investing Haven has provided a bullish outlook for the FLOKI, predicting that the meme coin could record a 200% surge. The analyst also revealed what must happen before FLOKI can record such a parabolic price surge.

FLOKI Price To Surge 200% If This Happens

In an X post, Investing Haven predicted that the FLOKI price could rally to its 2025 bullish target of $0.0005. However, he remarked that holding the critical support at $0.000122 early this year is key to maintaining bullish momentum and aiming for a breakout to this new all-time high (ATH).

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The analyst asserted that a bounce from this support level could propel the top meme coin toward this 2025 target of $0.0005. So far, FLOKI has held well above this crucial support level, which is undoubtedly a huge positive, especially considering the bearish sentiment in the broader crypto market.

With the FLOKI price holding comfortably above this support level, Investing Haven suggested this might be the perfect ‘buy the dip’ opportunity.

A recent coinpress report also noted how the Bitcoin SOPR was hinting at this recent market downtrend being the perfect opportunity to accumulate more coins.

A 5X Price Increase Is A Possibility

Crypto analyst CryptoElites has predicted that the FLOKI price could witness a 5x increase from its current level. That means the meme coin could rally to as high as $0.00088.

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CryptoElites seemed confident that FLOKI could record such a rally, noting that the technical setup is completely positive. The $0.00088 price target is a level that Investing Haven also believes that the meme coin could reach this year.

Crypto analyst Master Kenobi also believes that a FLOKI price rally may be imminent. He noted that FLOKI may be at the stage where it could witness volatility before a significant pump.

FLOKI

His accompanying chart showed that a 10x price increase was possible, with the top meme coin rallying to as high as $0.0011. The analyst had previously highlighted $0.00021 and $0.00028 as two price levels to watch before FLOKI hits ATH.

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3 Solana Rivals to Turn $10K into $100K in January 2025 https://coinpress.live/markets/turn-10k-into-100k-with-top-3-solana-rivals-in-january-2025/ Sat, 11 Jan 2025 16:34:45 +0000 https://coinpress.live/?post_type=markets&p=233119 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

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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.

Cardano price forecast | ADAUSDT | Solana rivals to watch in Jan 2025
Cardano price forecast | ADAUSDT | Solana rivals to watch in Jan 2025

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.

Ethereum price forecast | ETHUSD | Solana rivals to watch in Jan 2025
Ethereum price forecast | ETHUSD | Solana rivals to watch in Jan 2025

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

Dogecoin price forecast | DOGEUSD
Dogecoin price forecast | DOGEUSD

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.

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Ripple (XRP) Price Analysis: XRP traders deposit $85M on Binance as market sell-off cools https://coinpress.live/markets/ripple-xrp-price-analysis-xrp-traders-deposit-85m-on-binance-as-market-sell-off-cools/ Sat, 11 Jan 2025 14:54:53 +0000 https://coinpress.live/?post_type=markets&p=233110 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

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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.

XRP price action | XRPUSDT
XRP price action | XRPUSDT

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.

XRP Exchange Reserves on Binance, January 2025 | Source: CryptoQuant
XRP Exchange Reserves on Binance, January 2025 | Source: CryptoQuant

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.

XRP price forecast | XRPUSD
XRP price forecast | XRPUSD

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.

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Hamster Kombat (HMSTR) Price Prediction January 2025, 2026, 2030, 2040 – 2050 https://coinpress.live/price-predictions/hamster-kombat-hmstr-price-prediction/ Sat, 11 Jan 2025 14:28:52 +0000 https://coinpress.live/?post_type=price-predictions&p=233061 Hamster Kombat has created history with its mind blowing hold over the world. The financial system was revolutionized when Hamster Kombat started climbing the ladder. The coin is expected to show a surge in the coming days, but it would require a technical eye to understand. It is utmost important for any trader to understand

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Hamster Kombat has created history with its mind blowing hold over the world. The financial system was revolutionized when Hamster Kombat started climbing the ladder. The coin is expected to show a surge in the coming days, but it would require a technical eye to understand. It is utmost important for any trader to understand the charts and then invest their hard earned money.

In this article, you will learn how Hamster Kombat is anticipated to perform in the coming years. Read the technical analysis and everything you need to know about the coin.

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Will Donald Trump Be The First Sitting US President to Hold Meme Coins? https://coinpress.live/trending/will-donald-trump-be-the-first-sitting-us-president-to-hold-meme-coins/ Sat, 11 Jan 2025 13:29:39 +0000 https://coinpress.live/?post_type=trending&p=233063 Donald Trump will soon be the 47th US President, with the inauguration event on January 20. Compared to the last presidency, things are totally different this time. Trump’s perspective towards the crypto industry has changed drastically from complete opposition to support, with promises of transforming the USA into the crypto superpower, introducing crypto regulation, and

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Donald Trump will soon be the 47th US President, with the inauguration event on January 20. Compared to the last presidency, things are totally different this time. Trump’s perspective towards the crypto industry has changed drastically from complete opposition to support, with promises of transforming the USA into the crypto superpower, introducing crypto regulation, and much more. Although this is a pleasant moment for crypto investors, the excitement is higher about Trump’s crypto holding, driving him to become the first sitting US president to hold meme coins. Let’s discuss his holding and portfolio worth.

Donald Trump Crypto Wallet Holdings Worth Exceeds $15M

Per the latest Arkham Intelligence report, Donald Trump’s crypto wallets hold multiple cryptocurrencies whose value exceeds $15M in the crypto market. Out of these, a significant portion is of meme-themed cryptocurrencies. The continuity of these holdings will make him the first sitting president with meme coin holdings.

The elected president also holds top altcoins like Ethereum, BNB, and Matic and stablecoins like USDC and USDT, maintaining a diversified portfolio. At its peak, these holdings were worth $26M but have dropped to $15M amid crypto market struggles with Bitcoin price consolidations.

Donald Trump Crypto Portfolio

Interestingly, Trump’s crypto project, WLFI holds millions worth of cryptos after significant buying in 2024, taking a strong stand in the cryptocurrency industry. Notably, Trump’s impact is relatively high in the market, influencing the Trump-themed cryptos and other meme-themed coins held.

Top Memecoins In Trump’s Crypto Portfolio

More than 70% of Trump’s crypto portfolio is filled with top meme coins, including Trump-themed cryptos, which have increased demand in the market. Although none of these Trump meme tokens has a direct connection with the soon-to-be president, his online presence still influences the price of these tokens. As a result, investors eye them and invest actively. Interestingly, Trump’s portfolio also includes Trump-themed meme coins like TRUMP STRUMP, MAGA, TRUMP INU, and many others.

However, the biggest holding is in a frog-themed meme token called TROG. Arkham reports reveal 210.345B TROG holdings, equivalent to $9M. This scenario often influences the TROG price, which is up by 50% today. The second biggest holding is TRUMP, as the portfolio covers 579.29K TRUMP, equivalent to $1.70M. MAGA is also a constituent of the crypto portfolio, where 301.168M MAGA, equivalent to $27.85K, is present.

Trump meme coins

Surprisingly, despite millions worth of portfolio and Bitcoin backing, Donald Trump’s portfolio still lacks BTC, gaining side eyes from the supporters. Some show curiosity, while some show concern. To this day, Donald has not commented on the situation, leaving followers in doubt, especially as he wishes to use Bitcoin reserves to tackle US debt.  

Bottom Line

With over 70% of the portfolio, Donald Trump will become the first ever sitting US President to hold meme coins. In this, a TROG and other Trump-themed coins cover a significant portion of the portfolio. Other than these, a considerable portion is utilized by Ethereum and other altcoins, but Bitcoin is still missing from the soon-to-be President’s crypto portfolio. Despite that, crypto enthusiasts await the inauguration day and much-needed crypto regulations with Trump’s presidency.

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Bitget Token Price Jumps 12% Defying Market Trend, Can BGB Rally Continue? https://coinpress.live/bitget-token-price-jumps-12-defying-market-trend-can-bgb-rally-continue/ Sat, 11 Jan 2025 13:18:03 +0000 https://coinpress.live/?p=233059 Bitget token (BGB) price shot up by 12% in the last 24 hours reclaiming its spot in the top twenty crypto-list despite the broader crypto market in a downtrend. Since the beginning of 2025, BGB has resumed its upward trajectory gaining nearly 20% over the past week even in this market volatility with surging trading

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Bitget token (BGB) price shot up by 12% in the last 24 hours reclaiming its spot in the top twenty crypto-list despite the broader crypto market in a downtrend. Since the beginning of 2025, BGB has resumed its upward trajectory gaining nearly 20% over the past week even in this market volatility with surging trading volume showing investor confidence.

Will the Bitget Token Price Rally Continue?

The Bitget token witnessed a parabolic rally soon after Donald Trump’s election victory in early November, registering nearly 8x gains in less than two months time. However, after dropping to $5 support levels, the Bitget token price has been on an upward trajectory since the beginning of 2025.

A Closer Look Into BGB Price Chart

With today’s surge, the Bitget token has given a strong breakout above the crucial resistance of $6.72. More importantly, this breakout comes with a 101% surge in daily trading volume at $739 million which suggests that the rally will continue for some more time.

Prior to this breakout, BGB successfully surpassed a descending trendline resistance at the $6.30 level on the technical chart. Historically, such trendline breakouts have triggered significant rallies in BGB, often propelling the token to new all-time highs.

Source: TradingView

If this pattern holds, BGB could target its previous all-time high of $8.50, with another 20% gains from the current price of $7.25.

Technical Indicators In Focus

Moreover, other technical indicators for Bitget tokens like MACD (Moving Average Convergence Divergence) are showing bullish momentum as the MACD line crosses above the signal line hinting at a continued upward price action.

On the other hand, the Relative Strength Index (RSI) is currently at 75.2 suggesting strong buying momentum. Although it is approaching the overbought territory, it suggests that the buyers are still in control.

Key Factors Behind the BGB Rally

Apart from the technical breakout for the Bitget token price, there are some fundamental contributing to the BGB rally. First and foremost is the Bitget exchange securing approval from El Salvador’s Central Reserve Bank to function as a licensed Bitcoin Service Provider. It would allow it to enable fiat-to-Bitcoin exchange services as well as BTC custody offerings. Besides, Bitget Wallet also introduced AI Agent trading zone recently with the growing AI hype globally. This is also likely to contribute to its ongoing positive momentum.

Another reason that supported the rally was the 800 million BGB token burn which reduced the supply by 40%. The exchange has pledged to conduct regular quarterly burns, reducing supply and enhancing the token’s value through increased scarcity.

Furthermore, the exchange announced that it will merge the Bitget wallet token (BWB) with the BGC token thereby creating a unified token experience in the ecosystem. More recently, crypto exchange Bitget has revealed the cross-chain integration of its native token, Bitget Token (BGB), onto the Morph Chain, enhancing its utility and accessibility across the blockchain ecosystem.

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Why Shiba Inu And Dogecoin Meme Coins May Crash Ahead? https://coinpress.live/why-shiba-inu-and-dogecoin-meme-coins-may-crash-ahead/ Sat, 11 Jan 2025 13:00:34 +0000 https://coinpress.live/?p=233048 Shiba Inu (SHIB) and Dogecoin (DOGE) investors may need to exercise caution as they may face a rough ride ahead as both cryptocurrencies show signs of significant price corrections. Shiba Inu recently dropped by 10% in the past week, while Dogecoin saw a 14% drop in the same period. Whale activity and a shift in

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Shiba Inu (SHIB) and Dogecoin (DOGE) investors may need to exercise caution as they may face a rough ride ahead as both cryptocurrencies show signs of significant price corrections. Shiba Inu recently dropped by 10% in the past week, while Dogecoin saw a 14% drop in the same period. Whale activity and a shift in investor sentiment are factors that may cause further declines. The fading hype and lack of fundamental strength could spell trouble for these popular meme coins in the near future.

Whale Activity and Market Sentiment Impacting Shiba Inu and Dogecoin

The influence of whales on the meme coin market cannot be overstated. Shiba Inu and Dogecoin have both seen significant movements driven by whale activities, often causing price fluctuations. Recently, Dogecoin whales have been dumping $219 million of DOGE.

This sell-off has contributed to the token’s decline and may trigger a chain reaction as smaller retail investors often follow the actions of large holders. With Dogecoin’s price showing weakness, this could spell trouble for the token if the trend continues.

Similarly, Shiba Inu is also experiencing heightened volatility, with its price swinging wildly over the past week. This has raised concerns that retail investors are engaging in speculative trading, rather than making long-term investments based on solid fundamentals.

The sell-offs by whales, combined with the lack of clear market drivers, could lead to a further erosion of investor confidence in both of these tokens. As the market sentiment shifts from optimism to caution, both meme coins may face challenges sustaining their price levels, which could eventually lead to significant corrections.

The Fading Hype and Fundamental Weaknesses Meme Tokens

Shiba Inu and Dogecoin have thrived on the back of community-driven hype and speculative trading rather than real-world utility. Over the years, both tokens have built massive followings, fueled by social media buzz and endorsements from celebrities like Elon Musk. However, as the novelty of meme coins begins to fade, these assets face growing difficulties in maintaining their value.

Shiba Inu has been increasingly viewed as a speculative asset, driven more by trading activity than by any fundamental development or application. Despite efforts such as the Shib token burn mechanism, the overwhelming selling pressure has continued to weigh on SHIB’s price. Besides, the SHIB token burns also plunged recently, which has weighed on the investors’ sentiment.

Similarly, Dogecoin, while holding a strong position in the top meme coin space, has no real technological advancements to justify its market value. As the crypto market matures, investors may shift their focus to more utility-driven cryptocurrencies. This could lead to price corrections as the market begins to reassess the value of these coins.

However, despite that, some market experts remained bullish on the long-term trajectory of the coins. For context, the phenomenal gains in the assets’ prices over the years have attracted many investors towards the segment. If the momentum continues, the coins may emerge as the leading players shrugging off the bearish trends.

Price Context and Technical Indicators for SHIB and DOGE Token

Both SHIB and DOGE were showing concerning signs in their price charts. Dogecoin price was currently trading at $0.3346, up by 2.09% in the last 24 hours. Notably, the token has experienced a notable 14% drop over the past week and 20% in the last month. With a market cap of $49 billion and trading volume of $2.62 billion.

On the other hand, Shiba Inu price was trading at $0.00002167, showing a slight 2.14% increase in the last 24 hours. However, SHIB has experienced a significant 10% drop over the past week and 24% in the last month. The current market cap for Shiba Inu was $12.93 billion, with a trading volume of $490 million.

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Is Pepe Coin Price Set for a Massive 8X Price Gain? https://coinpress.live/markets/could-pepe-coin-price-see-an-explosive-8x-surge-soon/ Sat, 11 Jan 2025 12:52:38 +0000 https://coinpress.live/?post_type=markets&p=233052 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

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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. 

Could Pepe Price See an Explosive 8X Surge Soon?
Source- X

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.

Could Pepe Price See an Explosive 8X Surge Soon?
Pepe Coin Price Chart: TradingView

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. 

Source- Santiment

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.

 

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Solana (SOL) Price Analysis: Staking Inflows Fuel Rebound Hopes, Can SOL Reclaim $250? https://coinpress.live/markets/solana-sol-price-analysis-staking-inflows-fuel-rebound-hopes-can-sol-reclaim-250/ Sat, 11 Jan 2025 12:48:57 +0000 https://coinpress.live/?post_type=markets&p=233067 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

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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 action | SOLUSD
Solana price action | SOLUSD

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 vs. SOL price | Source: StakingRewards.
Solana Staking Deposits vs. SOL price | Source: StakingRewards.

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.

Solana Price Forecast | SOLUSDT
Solana Price Forecast | SOLUSDT

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.

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Stellar (XLM) Price Analysis For January 11 https://coinpress.live/markets/stellar-xlm-price-analysis-for-january-11/ Sat, 11 Jan 2025 12:28:57 +0000 https://coinpress.live/?post_type=markets&p=233035 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

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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.

Stellar (XLM) Price Analysis For January 11
XLM/USDT 4-hour chart

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

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.

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Shiba Inu Community Burns 87M Coins This Week, What’s Next For SHIB? https://coinpress.live/shiba-inu-community-burns-87m-coins-this-week-whats-next-for-shib/ Sat, 11 Jan 2025 12:06:55 +0000 https://coinpress.live/?p=233047 The Shiba Inu community has burned a significant number of SHIB tokens in the last 7 days. The objective is to bring down the circulating supply to create scarcity and spike SHIB prices by leveraging the concept of demand supply. It is anticipated that prices of the second-ranked meme coin in terms of market cap

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The Shiba Inu community has burned a significant number of SHIB tokens in the last 7 days. The objective is to bring down the circulating supply to create scarcity and spike SHIB prices by leveraging the concept of demand supply. It is anticipated that prices of the second-ranked meme coin in terms of market cap will rebound in the coming days.

Shiba Inu Community Burns 87 Million SHIB

In the past week, the Shiba Inu community has burned as many as 87,175,135 SHIB tokens. This translates to 87.17 million tokens in the last 7 days with an increase of 52.74% in burn rate. The X post by Shibburn has further highlighted that the burn rate is down by 90.17% in the last 24 hours. A core objective here is to control the circulating supply of the meme coin to mark upticks in the prices. SHIB’s circulating supply now stands at 589.25 trillion.

As per an early report, Shib burn rate had declined by 72% in a single day. Thereby, triggering speculation over its impact on the price.

Effect on SHIB Price

SHIB prices, so far, have reacted positively to this development by marking an uptick of 1.33% over the last 24 hours. However, SHIB price remain significantly down by 9.52% in the last 7 days and 23.63% in the last 1 month. The 24-hour trading volume has also taken a hit of 10.29% while Open Interest has gained 31.32% of value. Overall sentiments towards SHIB are bearish with an FGI of 69 points and volatility of around 10.09%.

Removing tokens from circulating supply has worked in the past and Bitcoin is a prime example of it. BTC prices are now hovering above $90,000 months after Bitcoin Halving which happened in April 2024. Therefore, the Shiba Inu community is optimistic that the prices of its SHIB holdings will eventually navigate a way for a bull run.

What’s Next for the Shiba Inu Community?

Two factors are at play for the Shiba Inu community, namely drawing speculation for future SHIB prices and experiencing the launch of the TREAT token. SHIB prices, according to Coincodex, may grow by almost 0.52% to touch the value of $0.00002216 in the next 30 days. The nearest speculation is extremely bullish with a growth of 105.39% in the picture. It is important to note that the crypto market is highly volatile and price movements could go North or South at any moment.

Finally, the launch of the TREAT token is scheduled to happen on January 14, 2025. This has been teased as a revolutionary endeavor for the Shiba Inu ecosystem across the world.

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How 3 Consecutive Wins Made This Crypto Investor $9M in Profits? https://coinpress.live/trending/how-3-consecutive-wins-made-this-crypto-investor-9m-in-profits/ Sat, 11 Jan 2025 10:36:30 +0000 https://coinpress.live/?post_type=trending&p=233037 A crypto investor turned savvy as its three constant wins led to a profit of $9M. Lookonchain’s recent findings point to the trader and the three strategic trades that turned successful and profitable despite the market volatility. Let’s check the investors’ trades and trading strategies. Crypto Investor Earns Millions With Memecoins The crypto trading industry

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A crypto investor turned savvy as its three constant wins led to a profit of $9M. Lookonchain’s recent findings point to the trader and the three strategic trades that turned successful and profitable despite the market volatility. Let’s check the investors’ trades and trading strategies.

Crypto Investor Earns Millions With Memecoins

The crypto trading industry is widely famous among traders for its high returns. Participants with the right trading skills and crypto market experience can benefit from it, like this one, who made $9M with three consecutive wins. Not only did the investor earn big, but three trending meme coins were behind the millions of earnings, shocking the crypto community.

A popular on-chain analytic platform, Loononchain, describes the crypto investor as a whale who dared to make big bets and profits. The whale invested in three low-market-cap cryptos but became profitable as the cryptos’ worth grew with market demand. More importantly, the trader entered and exited the trade at the right time, improving the probability of profit-taking on cryptos.

This is a whale that dares to make big bets and profit!

Aped into $WIF at a $58M market cap and made $7.5M!

Aped into $PNUT at a $460M market cap and made $$1.2M!

He spent $1.52M to buy 6.71M $pippins 19 hours ago, with an unrealized profit of $570K.https://t.co/NNN4MlZMBV pic.twitter.com/D8CAOEx7O0

— Lookonchain (@lookonchain) January 11, 2025

However, not all trades end up in profits. The market carries its own challenges, with volatility, Bitcoin dominance, and the influence of macroeconomic events. Some bear heavy losses; as an earlier coinpress report mentioned, a trader lost $60K in just two hours. Regardless, this blog discusses the trading jackpot for a memecoin investor and investment strategies, so let’s get to that first.

Crypto Trading Jackpot: Trader Made $9M With WIF, PNUT and PIPPIN

The crypto whale invested millions in WIF, PNUT, and PIPPIN and made $9M in profits from these cryptocurrencies. The trader placed the first trade on Dogiwfhat (WIF) when its market capitalization neared $58M. Although the trader made multiple buying and selling rounds, eventually, it paid off, making $7.5M within six months. Interestingly, the whale bought the WIF at low prices and sold it at a high most of the time, revealing its trading skills.

WIF crypto trading

The profits journey did not stop there; it moved to another popular meme coin, PNUT, which made the crypto investor profit $1.2M within just a few days. Lastly, the investor has $570k in unrealized profits in the PIPPIN token, which is newly gaining traction in the market. Solscan data shows that the investor spent $1.52M and bought $6.72M in PIPPIN just a few hours ago.

Interestingly, another investor made $2.5M with the PIPPIN token, increasing its hype.

PNUT Crypto trading

What’s The Lesson Here?

The crypto investor’s investment turned profitable as it chose the trending and potential cryptos, WIF, PNUT, and PIPPIN. The constant demand for these assets led to growth and investment returns, where the aforementioned investor made $7.5M on WIF, $1.2M on PNUT, and $570k on PIPPIN. This teaches that the right crypto and time are mandatory to even think of profits. However, these three cryptos won’t always stay in trend or profit. The market’s volatility and fluctuation often impact the assets’s performance, requiring constant technical analysis and research. Although these assets made millions for this crypto trader, they may not be profitable for someone else, so trade wisely.

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Shiba Inu (SHIB) Price Analysis: Whales Scoop 34 trillion SHIB, Time to Abandon DOGE? https://coinpress.live/markets/shiba-inu-price-prediction-whales-spotted-buying-34-trillion-shib-amid-crypto-market-dip/ Sat, 11 Jan 2025 10:21:33 +0000 https://coinpress.live/?post_type=markets&p=233041 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

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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.

Shiba Inu Price Action, January 10, 2025 | SHIBUSDT (Binance)
Shiba Inu Price Action, January 10, 2025 | SHIBUSDT (Binance)

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.

Shiba Inu Whale Netflows | Source: IntoTheBlock
Shiba Inu Whale Netflows | Source: IntoTheBlock

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.

Shiba Inu Price Forecast | SHIBUSD
Shiba Inu Price Forecast | SHIBUSD

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.

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Crypto Trader Turns $458K Into $4.9M With This Meme Coin In 2 Weeks, Here’s All https://coinpress.live/crypto-trader-turns-458k-into-4-9m-with-this-meme-coin-weeks-heres-all/ Sat, 11 Jan 2025 10:12:27 +0000 https://coinpress.live/?p=233026 A crypto trader turned $458K into $4.9M in just two weeks with Swarms, an AI-powered meme coin on Solana. The investment grew nearly 10x, showcasing the rapid rise of Solana-based meme coins. Backed by SwarmShield, which offers military-grade encryption and secure communications, the AI token has gained significant attention in the crypto market. However, the

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A crypto trader turned $458K into $4.9M in just two weeks with Swarms, an AI-powered meme coin on Solana. The investment grew nearly 10x, showcasing the rapid rise of Solana-based meme coins. Backed by SwarmShield, which offers military-grade encryption and secure communications, the AI token has gained significant attention in the crypto market. However, the swarms token dropped by 25% in the last 24 hours despite its recent surge.

Crypto Trader Makes $4.9M Profit in With Swarms Token

On January 11, Lookonchain revealed that a crypto trader turned a $458K investment into $4.9M in just two weeks by trading swarms. As per Solscan data, the trader initially bought 20 million tokens for $458K. Recently, they sold 5 million for 7,232 SOL, valued at $1.35M, while still holding 15 million tokens worth $4.02M.

Swarms powers SwarmShield, a platform providing military-grade encryption, secure communication management, and auditing for swarm-based multi-agent systems. These advanced features have driven significant interest in AI meme coins, setting them apart from other meme coins. The crypto trader’s profit highlights the growing appeal of innovative tokens combining technology with meme culture, attracting high-profile traders.

Crypto Whale Profit Reflects Growing Interest in Solana Meme Coins

The massive profit of the crypto trader highlights the growing interest in top Solana meme coins like swarms. These coins have received much attention as part of the wider boom of the Solana ecosystem. While the network grows, the increase in meme coin popularity is boosting investor sentiment and boosting Solana market trading activity.

Moreover, a crypto whale holding the AI16Z token recently started buying swarms and invested $12.8K when its market cap stood at $336M. This reflects the rising popularity of AI-powered meme coins within the Solana ecosystem. With SwarmShield’s robust capabilities and increasing market traction, this AI coin has become a standout performer, fueling interest among traders looking to capitalize on Solana’s thriving meme coin market.

Solana Ecosystem and SOL Price

SOL price was trading at $186, down approximately 3% in the last 24 hours. The token’s 24-hour low and high are $183 and $193, respectively, with a market cap of $90 billion and a trading volume of $3.4 billion. The overall growth of the Solana network reflects the increasing interest in the ecosystem, including meme coins.

However, Swarms price dropped by 25% in the last 24 hours to $0.267 despite the crypto trader’s massive profit. The crypto’s market cap stood at $265 million and trading volume was $212 million. Despite this, the token has surged by 40% in the past week and 70% in the last month.

Solana meme coins are gaining traction, with exponential growth in some tokens over the past month. coinpress reported that crypto whales are making big bets on coins like WIF and POPCAT, further signaling the rise of Solana’s meme coin trend. This continued interest in meme coins within the Solana ecosystem suggests that the momentum will persist, attracting more investors and traders to the network.

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Institutions Buy $100 Billion BTC, But Retail Investors Panic, Why? https://coinpress.live/markets/3-entities-buy-100b-btc-as-retail-panics-amid-bitcoin-price-crash/ Sat, 11 Jan 2025 09:26:50 +0000 https://coinpress.live/?post_type=markets&p=233033 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

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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.

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. 

BTC Retail Investor (Volume $0 to $10K by USD) Demand 30D Change vs. Bitcoin price
BTC Retail Investor (Volume $0 to $10K by USD) Demand 30D Change

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.

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.

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XRP News: Ripple Whales Buy 1B Coins, Here’s The Key Levels To Watch https://coinpress.live/xrp-news-ripple-whales-bag-1b-coins-sparking-optimism-whats-next/ Sat, 11 Jan 2025 09:08:20 +0000 https://coinpress.live/?p=233003 In the latest XRP news, the whales have caught the eyes of investors with their recent massive transactions. According to recent reports, large investors have purchased about 1 billion coins recently, highlighting their strong confidence in the crypto. Amid this, a top expert has revealed key price levels to watch for Ripple’s native crypto ahead,

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In the latest XRP news, the whales have caught the eyes of investors with their recent massive transactions. According to recent reports, large investors have purchased about 1 billion coins recently, highlighting their strong confidence in the crypto. Amid this, a top expert has revealed key price levels to watch for Ripple’s native crypto ahead, which has also caught the investors’ eyes.

XRP News: Ripple Whales Making Big Move

The Ripple whales are once again on their buying spree, as evidenced by the recent reports. This XRP news has further cemented bets towards a potential rally in the crypto’s price in the coming days. So, here we take a close look at the latest developments in the market.

Whales Accumulate 1 Billion Coins

In a recent X post, top market analyst Ali Martinez has shed light on the accumulation trend of the large investors or whales. According to his social media post, Ripple whales have purchased 1 billion XRP coins in only about two days, showcasing their robust interest in the coin.

XRP News: Ripple whales accumulate XRP
Source: Ali Martinez, X

Meanwhile, this development also had an impact on the crypto’s price, as evidenced by its recent performance. However, this massive accumulation trend also comes after Ripple Labs recently moved 300 million XRP to an unknown wallet, valued at around $682 million, which has fueled market speculations.

How’s XRP Price Performing?

XRP price today was up around 4% and exchanged hands at $2.39, while its trading volume rose 10% to $5.6 billion. Notably, the crypto hovered between $2.43 and $2.26 in the last 24 hours, reflecting the impact of the Ripple whales buying on the price. Further, the asset’s Futures Open Interest rose 8% to $4.6 billion, CoinGlass data showed.

Notably, here we explore the key levels to watch for the crypto, as highlighted by a top market expert.

Key Levels To Watch For Ripple’s Native Crypto

In a recent analysis shared on the X platform, prominent expert Dark Defender has shared key levels to watch soon for XRP. Besides, he also hinted towards a potential “upside break-out” for the crypto soon. According to the post, the analyst said that the key targets for XRP stand at $2.40, $2.86, $4.55, and $5.85.

Having said that, it is expected that the crypto might rally to around $6 in the coming days. For a potential move towards the south, the support levels for the crypto are at $2.23 and $2.13, the analyst noted.

XRP price analysis
Source: Dark Defender, X

In a separate X post, Dark Defender has compared XRP’s surge to Ethereum. He noted that after September 24, “XRP has appreciated three times more than Ether.” Comparing the price surges, he said that XRP will soon flip the later in the “3rd wave we are in.”

XRP price prediction
Source: Dark Defender, X

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Fed Rate Cuts Not Coming Before June 2025, BTC Price Rally Delayed? https://coinpress.live/fed-rate-cuts-not-coming-before-june-2025-btc-price-rally-delayed/ Sat, 11 Jan 2025 08:57:52 +0000 https://coinpress.live/?p=233000 The US non-farm payroll data (NFP) data showed that the US economy added greater than expected jobs last month in December 2024. This has dwindled the chances of a Fed rate cut coming in March this year, which could further delay the chances of a BTC price rally to $200K this year. Fed Rate Cuts

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The US non-farm payroll data (NFP) data showed that the US economy added greater than expected jobs last month in December 2024. This has dwindled the chances of a Fed rate cut coming in March this year, which could further delay the chances of a BTC price rally to $200K this year.

Fed Rate Cuts Delayed To June 2025

Following December’s employment data, top market analysts stated that the stronger-than-expected jobs market is likely to have stick inflation going ahead which would prevent the Fed from announcing rate cuts soon.

The U.S. economy added 256,000 jobs in December, surpassing expectations of 164,000. On the other hand, the unemployment rate dropped to 4.1%, better than the projected 4.2%.

Goldman Sachs economists, led by Jan Hatzius, now anticipate Fed rate cuts in June and December 2025, as well as June 2026. This revises their earlier forecast of cuts in March, June, and September while maintaining their projection for a terminal rate of 3.5%-3.75%. According to a new report, Bank of America economists led by Aditya Bhave wrote:

“After a very strong December jobs report, we think the cutting cycle is over. The conversation should move to hikes”.

Economists Andrew Hollenhorst and Veronica Clark at Citigroup stated in a note that they are “not overly concerned about scenarios where the Fed refrains from cutting rates this year”. They added:

While employment “is holding up better than we had expected, price and wage inflation are both cooling and should have officials comfortable cutting even in a still-strong economy”.

BTC Price Recovery to See Delays?

Following the all-time highs in December last month, the Bitcoin price has continued to stay under selling pressure slipping under $95,000 levels. However, with the Fed rate cuts, analysts are concerned that it could further delay BTC price recovery from here amid the absence of fresh liquidity.

However, Bill Barhydt, founder of Abra Global, has forecasted the return of quantitative easing (QE) and looser bank balance sheet policies as necessary measures to address the 30-year U.S. Treasury bubble. In a statement, Barhydt asserted that upcoming Federal Reserve rate cuts alone will not be sufficient to tackle the issue.

“QE is coming. Fed rate reductions will not prick the 30-year Treasury bubble. Only QE and looser bank balance sheet policies will do that. Buckle up,” he said.

Furthermore, Wall Street analysts are confident of a Bitcoin price recovery along with the expansion of the global M2 money supply. With Donald Trump’s inauguration just 10 days from now, the crypto industry is also hoping for the Trump effect to kick in.

Bitcoin Chop Won’t Last Long

Crypto analyst IncomeSharks has suggested that Bitcoin’s current consolidation phase may be shorter and more bullish compared to previous cycles. “Just be lucky we don’t have to chop for 7 months this time,” the analyst noted. However, the analyst noted that the current 2 to 3 months of consolidation could lead to capitulation for many investors.

Source: IncomeSharks

Despite this, IncomeSharks described the ongoing market movement as a “more bullish consolidation pattern than before,” signaling potential optimism for Bitcoin’s trajectory in the coming months.

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$80M XRP Shorts At Liquidation Risk If Price Crosses This Level https://coinpress.live/trending/80m-xrp-shorts-at-liquidation-risk-if-price-crosses-this-level/ Sat, 11 Jan 2025 08:35:41 +0000 https://coinpress.live/?post_type=trending&p=233004 Ripple (XRP) has attracted many investors due to its 500% rally in the last quarter of 2024. Due to its parabolic rally, many traders are shorting the token, hoping to profit from its downfall. However, data shows that short positions worth nearly $80 million will face liquidation if the price overcomes a critical resistance level.

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Ripple (XRP) has attracted many investors due to its 500% rally in the last quarter of 2024. Due to its parabolic rally, many traders are shorting the token, hoping to profit from its downfall. However, data shows that short positions worth nearly $80 million will face liquidation if the price overcomes a critical resistance level.

Ripple (XRP) Shorts’ Liquidation Risk: $80M on the Line

Ripple (XRP) is at a crucial point, with the weekly and monthly charts presenting consolidation behavior. Presently, the token trades at $2.335 with $134B in market capitalization, showing massive user interest. CoinGlass data shows that with such interest comes heightened speculation, as nearly $80 million XRP short positions will face liquidation if the price overcomes the $2.40 resistance level. This means that short positions will be forcibly closed at a loss. Out of the $80 million, $8.08 million short sellers are from Bybit, $2.51 million, and $8.42 million are from OKX and Binance, respectively. The rest of the short positions belong to various popular cryptocurrency exchanges.

XRP Shorts Liquidation

High leverage is likely when volatility drops. Investors are often open positions with the expectation of massive gains on the breakout. As noted by MAXPAIN analyst, XRP is getting squeezed in a symmetrical triangle setup, awaiting a breakout rally.

A Crash or Rally: What’s Next for XRP?

If the price crosses above $2.40, it would liquidate nearly $80 million in XRP shorts. Typically, when short positions are closed either due to stop loss or margin call, the tokens are bought, creating buying pressure. If buyers time themselves, it could lead to a massive spike in bullish momentum that triggers a parabolic rally. But is that the case for XRP now? Unlikely.

The four-hour RSI shows a downtrend as it struggles around the 50 mean level. A move above this level could result in a rejection, giving bearish momentum a chance to take over. Such a development could indicate a drop in the price. This outlook seems more likely considering the lower highs XRP has produced since the start of December 2024.

If such an outlook unfolds, some key support levels to watch are $2.07, $2, and even $1.9, per crypto analysts’ predictions.

A previous coinpress XRP price prediction also hints at the price crash to $1.5 before forming a massive rally.

XRP Price Prediction

After a bullish trajectory, XRP comes at a critical point with the Ripple news. This predicts the liquidation of the $80M worth of short positions if Ripple overcomes the $2.40 resistance level. Eventually, this could fuel a rally, triggering a breakout to the upside. In such a case, $2.90, $3, and $3.5 are key resistance levels to watch.

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Ethereum (ETH) Price Analysis: Is $6,000 Price Target Possible? https://coinpress.live/markets/ethereum-eth-price-analysis-is-6000-price-target-possible/ Sat, 11 Jan 2025 08:33:11 +0000 https://coinpress.live/?post_type=markets&p=233011 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)

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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.

Ethereum Price Eyes $6K in Q1: Ascending Channel Sparks Rally
Source- X

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.

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. 

Source: Tweet

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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