Dogecoin Sheds 23% in One Month: Is the Meme Coin Losing Momentum or Primed for a Bounce?
Dogecoin (DOGE), the internet’s most famous meme coin, has experienced a turbulent ride over the past month. After reaching a local high of $0.1929 in early March, DOGE closed the period at $0.1462, reflecting a sharp 23.65% drop in price. The chart clearly shows Dogecoin entered the month with optimism, but that momentum proved short-lived. By the third week of March, DOGE began sliding into a steady downtrend, eventually bottoming out just above $0.14 in early April. Source: Coinmarketcap Despite the price drop, trading activity remained high. Dogecoin’s 24-hour volume soared over 510%, hitting $3.65 billion. This suggests that traders were highly active — either exiting positions or trying to buy the dip in anticipation of a reversal. Market Pressure Hits Dogecoin Hard This correction isn’t unique to Dogecoin. The broader crypto market has been in a correction phase, and altcoins have felt the sting even more sharply. However, Dogecoin’s large, loyal community and its speculative appeal often cushion it from harsher crashes — a factor that may explain why it hasn’t fallen further. With a current market cap of $21.75 billion, Dogecoin still ranks among the top 10 cryptocurrencies by market capitalization. But its recent decline has opened up fresh debate around its sustainability in a utility-driven market that’s starting to demand more than meme value. Key Numbers at a Glance What to Expect in April Dogecoin enters April in a vulnerable position but not without hope. If Bitcoin stabilizes and overall market sentiment improves, meme tokens like DOGE could rebound faster than utility tokens due to their retail-driven nature. Read Also: Solana Drops 22%, But Still Beats Cardano’s 35%… Watch for the following in the coming weeks: Conclusion Dogecoin lost 23% of its value in March, but it wasn’t alone. The entire altcoin market saw red, and DOGE’s high-volume trading shows it still commands attention. As April unfolds, the key question is whether Dogecoin can leverage its hype and community strength to bounce back — or if the meme coin is headed for deeper correction. With high volatility and volume surging, the coming weeks could be decisive for DOGE holders and swing traders.
Solana Drops 22%, But Still Beats Cardano’s 35% Fall — Which Layer 1 Will Bounce Back in April?
The past month has not been kind to Layer 1 giants. Solana (SOL) and Cardano (ADA) suffered sharp declines in March, dragged down by market-wide corrections and fading momentum from February’s highs. But while Solana lost over 22%, Cardano’s dip was steeper, plunging more than 35%, raising questions about short-term resilience and long-term competitiveness. Source: Coinmarketcap Solana opened the month near $136, rising slightly mid-March before entering a steep decline that bottomed out at $101 on April 6. It has since recovered marginally to trade around $106, posting a 22.66% monthly drop. Despite the drawdown, Solana showed more short-term recovery signals than Cardano, failing to maintain upward momentum throughout the month. Read Also: XRP Price Plunges as Market Cap Loses $20… ADA Slides Further: Is Cardano Losing Its Edge? Cardano, often known for its academic approach and peer-reviewed protocols, trailed Solana in performance. ADA entered March on a weaker note and never gained real traction. The month-long slide saw ADA decline over 35%, with minimal intraday recoveries. The ADA vs. SOL chart clearly shows that while both tokens experienced March turbulence, Cardano bore the brunt of the market’s bearish pressure, underperforming significantly during the month’s final days. Source: Coinmarketcap Key Numbers: Solana vs. Cardano (March 8 – April 7, 2025) Metric Solana (SOL) Cardano (ADA) Price (Start) ~$136 ~Varies (est. $0.75+) Price (End) ~$106 ~35% decline Monthly Change -22.66% ~ -35% Volume (24h Change) +447% Data unavailable Market Cap (Now) $54.68B Smaller than SOL’s Solana’s market cap remains strong at over $54 billion, and its 24-hour trading volume soared 447%, indicating strong interest even during the crash. This sharp rise in volume may suggest accumulation by large buyers or high-volatility trading. What Does April Hold? The April outlook hinges on two factors: market sentiment and network performance. Solana has a faster ecosystem and growing NFT and DeFi presence, and it could bounce back faster if sentiment shifts. Cardano may recover more slowly unless its upcoming updates trigger renewed investor interest or ecosystem growth. Final Verdict Solana and Cardano took hits in March, but Solana showed stronger resilience, cutting its losses at 22%, while ADA plunged over 35%. With April already showing signs of stabilization, traders are watching closely to see which Layer 1 will lead the next recovery wave.
XRP’s Path to $15: Analysts Back Bullish Breakouts With Strong Technical and Regulatory Fuel
XRP continues to attract bullish projections as analysts point to a powerful mix of technical momentum, regulatory clarity, and growing institutional interest. Multiple indicators now suggest that XRP could surge toward the $15 mark in the coming months—representing a potential gain of over 600% from current levels. Analysts tracking XRP’s price action have identified key breakout patterns and structural support zones that align with Fibonacci-based projections and multi-year resistance flips. Combined with the SEC lawsuit resolution and a shifting regulatory climate in the U.S., these signals have created a highly optimistic outlook for XRP’s trajectory. XRP Breaks Long-Term Resistance as Analysts Map Cup-and-Handle Setup Crypto analyst CryptoELlTES recently highlighted XRP’s breakout above the long-standing resistance zone between $1.95 and $2.10. This zone had capped major rallies in 2018 and 2021, but XRP has pushed past it and begun treating it as a new support base. By breaking through this multi-year resistance, XRP may have confirmed a large cup-and-handle pattern on the macro chart—a bullish formation often preceding sustained upside. According to CryptoELlTES, XRP is retesting the $1.63 region, which aligns closely with the 0.786 Fibonacci retracement level. If XRP supports this zone, the setup will strengthen significantly. The analyst projects two key upside targets using Fibonacci extensions: $8.34 as an initial resistance near the 1.272 extension level and a more aggressive range of $13.55 to $15 if momentum continues toward the 1.414 extension. Based on the pattern structure and retracement dynamics, CryptoELlTES sees these levels as technically realistic in the months ahead. Bullish Rectangle Pattern Shows Signs of Market Accumulation Another respected analyst, Dark Defender, pointed out the development of a bullish rectangle pattern in XRP’s current consolidation phase. The token has been between strong support near $1.88 and resistance around $2.50, forming a horizontal channel that could act as a base for a breakout. Dark Defender emphasized that this setup signals market accumulation—an important phase before many historical breakouts. If XRP breaks and holds above the $2.50 resistance level, the analyst expects a rally targeting the $5.85 range based on the 261.8% Fibonacci extension from the pattern. Because XRP has repeatedly held the $1.88 support level, Dark Defender believes the likelihood of this breakout resolving to the upside continues to increase. In this scenario, XRP could challenge its all-time high and establish new record territory if bullish volume confirms the move. Regulatory Clarity Adds Fuel to the Bullish Outlook Regulatory progress in the United States has further supported XRP’s bullish momentum. Digital asset researcher Anders noted that the SEC’s decision to drop its lawsuit against Ripple has cleared a major hurdle for the company and its native token. This dismissal allows Ripple to refocus on ecosystem expansion, global partnerships, and institutional integrations without the legal uncertainty that hovered over it for years. The outcome also sets a broader precedent for how regulators view XRP, effectively removing its classification as a security in many eyes. In addition, Anders pointed to the repeal of the SEC’s Staff Accounting Bulletin 122 (SAB 122), which now allows U.S. banks to offer digital asset custody services. This regulatory shift allows institutional players to safely custody XRP and participate in its ecosystem through regulated financial institutions. Ripple’s upcoming stablecoin, RLUSD, may also benefit from the push toward stablecoin regulation. If regulators introduce clearer compliance standards, RLUSD could position itself as one of the more institutionally viable offerings—adding another utility layer for XRP within the RippleNet framework. Analysts Anticipate a Boost From Potential XRP ETF Approval Anders also highlighted growing expectations around a spot XRP exchange-traded fund (ETF) approval in the U.S., citing prediction market data. Anders noted that sentiment around an XRP ETF remains highly bullish, especially for late 2025. If regulators greenlight a spot XRP ETF, institutional investors could gain easy exposure to the asset through traditional financial platforms. This access could trigger large capital inflows, drive trading volume, and increase XRP’s market cap. Many analysts now see ETF approval as a major price catalyst that could align with the $15 long-term target. As the ETF narrative gains momentum, XRP could benefit from the same kind of institutional attention that propelled Bitcoin following its ETF approvals earlier in 2025. XRP Maintains Strength Amid High Trading Volume As of March 28, 2025, XRP trades near $2.30 with a 24-hour trading volume approaching $2.7 billion. Despite brief price pullbacks, XRP has continued to hold above key support zones, supporting the broader bullish structure that analysts have described. The token’s market cap stands close to $136 billion, making it one of the most valuable digital assets in circulation. Analysts believe this valuation still leaves room for a significant upside, especially if XRP follows through on technical setups and benefits from continued regulatory tailwinds. Technical traders and institutional analysts watch XRP closely as it tests important price levels. If volume remains strong and sentiment holds, XRP could accelerate quickly toward its upper Fibonacci targets. Read Also: Shiba Inu Breakout Could Trigger 115% Surge to… Conclusion: XRP Builds Toward a Breakout as Technical and Regulatory Winds Align XRP’s current market structure reflects a rare alignment between technical strength and regulatory clarity. Analysts tracking long-term price behavior point to confirmed resistance breaks, bullish consolidation patterns, and classic setups that suggest an extended upside. At the same time, Ripple’s legal victory and regulatory progress in the U.S. have eliminated major roadblocks and opened the door for institutional adoption. As investors watch XRP test and retest key support zones, analysts remain confident that $15 is within reach—provided the market respects technical confirmations and incoming catalysts such as ETF approvals materialize. If these signals hold, XRP may recover and surpass its previous highs, setting a new standard for post-litigation growth in the crypto market.
Shiba Inu Breakout Could Trigger 115% Surge to $0.00001780
Shiba Inu (SHIB) is back in the spotlight as it finally breaks out of a prolonged downtrend. After months of sideways movement and investor uncertainty, SHIB has sparked renewed excitement across the crypto space. Analysts are now predicting a sharp rally, and recent developments may support that bullish case. SHIB Breaks Key Resistance After Months in a Downtrend SHIB has struggled to escape a descending channel that formed in late 2023. This pattern kept the token trapped, limiting upward momentum. However, Shiba Inu recently broke out of this long-standing channel, signaling a potential trend reversal. Analysts believe this breakout confirms growing bullish sentiment and sets the stage for upward movement. At the time of writing, SHIB trades around $0.00001439. This price level reflects a slight dip, yet the breakout remains valid. According to World of Charts, this breakout could push SHIB toward $0.00001780. Reaching that level would represent a 115% increase from current prices. If momentum continues, SHIB may even double before the end of Q2 2025. Burn Rate Explosion Adds Fuel to the Rally One of the most bullish catalysts is SHIB’s recent burn activity. According to Shibburn, SHIB’s burn rate surged by 57,091% in just 24 hours. During this period, over one billion SHIB tokens were permanently removed from circulation. This sharp increase in burns caught the attention of traders and long-term holders alike. Burning tokens reduces the total supply, creating scarcity in the market. When supply decreases while demand remains strong, prices typically move higher. In SHIB’s case, this burn frenzy may help kickstart a new upward cycle. The SHIB community has long supported the burn strategy, and these latest results reinforce their effectiveness. SHIB Holds Support as RSI Moves Into Bullish Territory While price movement is crucial, technical indicators provide additional insight into SHIB’s momentum. The Relative Strength Index (RSI) recently climbed above 58.7, signaling increased buying pressure. This is a significant improvement compared to the oversold levels seen in February and early March. At the same time, SHIB is holding above a key support level around $0.00001300. Staying above this zone gives bulls a strong base to build from. The combination of strong RSI and support hold indicates favorable conditions for a sustained rally. Traders are watching closely to see if SHIB can maintain this strength in the coming weeks. Analysts Eye 2x Gain as Momentum Builds With several bullish signals aligning, analysts now predict a possible 2x rally for SHIB in the near term. A successful move past $0.00001780 could open the door to higher price targets. Some forecasts even suggest SHIB could reach $0.000028 if broader market conditions remain favorable. This scenario depends on sustained community engagement, continued token burns, and overall crypto market recovery. SHIB benefits from a loyal user base and strong social media presence, both of which can drive renewed interest. As attention shifts back to altcoins, SHIB may emerge as one of the top performers in Q2 2025. Why Now Might Be a Strategic Time to Watch SHIB The timing of this breakout is crucial. Bitcoin’s price stability has encouraged more traders to explore alternative tokens. Meme coins like SHIB, which offer strong community backing and speculative upside, often perform well in such environments. With the burn rate soaring and momentum returning, SHIB presents a compelling narrative. Investors are no longer watching passively. Many are repositioning their portfolios in anticipation of a strong altcoin season. If SHIB maintains its trajectory, it could become a leader in this next wave. Traders looking for high-risk, high-reward opportunities are paying close attention. Prepare for a Potential SHIB Rally in Q2 2025 As SHIB breaks through key technical barriers, market confidence continues to rise. The recent 57,091% burn rate increase adds fundamental weight to the bullish outlook. Analysts now point to $0.00001780 as a short-term target, with the possibility of a 2x surge on the horizon. Read Also: Shiba Inu Whales in Profit: 130 Trillion SHIB May Signal Imminent Breakout For now, SHIB remains above its critical support and shows signs of building momentum. If this trend holds, Shiba Inu could become one of the most talked-about tokens of Q2 2025. Whether you’re holding, trading, or observing, SHIB deserves a spot on your radar.
Cardano Surges 27% in Volume: Is a Break Above $0.750 Next?
Cardano (ADA) is making a strong comeback. After a short-lived dip, the token has surged back with conviction. Investors are once again paying attention as ADA nears a crucial resistance zone just below $0.750. With momentum rising and volume spiking, ADA could be preparing for a major breakout. The market now focuses on March 26, where a decisive move may unfold. ADA Rebounds From $0.722 Support Zone Earlier this week, ADA dropped to the $0.722 support level. Buyers quickly reacted, stepping in to stop the decline. This strong response sparked renewed bullish sentiment across the market. The token began forming higher lows, showing signs of strength. These patterns confirmed that bulls were regaining control. ADA then climbed back toward $0.7439, pushing into a key price range. This rebound marked the beginning of an encouraging shift. Traders started watching ADA closely again as confidence returned. Volume Surge Signals Renewed Market Interest As ADA regained ground, its trading volume surged by over 27%. This volume increase reflects growing interest and fresh demand. Rising volume often precedes big price moves, making it a strong bullish indicator. With more buyers entering the market, ADA gained the energy to challenge higher levels. The sudden increase in trading activity suggests something bigger may be coming. Now, momentum builds as ADA hovers near a resistance zone that previously rejected bullish advances. Holding Above $0.730 Keeps Bulls in Control Support remains a key part of ADA’s current structure. The token now finds immediate support between $0.726 and $0.730. These levels provided stability after the bounce and continue to attract buyers. Maintaining price above $0.730 will be critical in the short term. If ADA stays above this level, the bullish trend has room to continue. Failure to hold this zone could invite a pullback before any breakout attempt. So far, ADA continues to hold steady, reinforcing optimism among traders and analysts alike. ADA Faces Tough Resistance at $0.750 Despite its progress, ADA hasn’t yet cleared the key resistance range between $0.745 and $0.750. This zone has stopped rallies before, often pushing prices back. However, this time might be different. The strong price structure and surging volume suggest better odds of breaking through. If ADA manages to close above $0.750, it could unlock the next leg of its rally. The next immediate resistance level sits at $0.760. Should ADA continue higher, it may reach the broader target range between $0.775 and $0.780. For now, traders wait for a clear move above the $0.750 barrier. Technical Indicators Support Bullish Outlook Technical indicators offer further insight into ADA’s potential. The Relative Strength Index (RSI) currently sits at 49.19. This neutral reading suggests ADA has room to climb before becoming overbought. Meanwhile, the Moving Average Convergence Divergence (MACD) has flashed a bullish crossover. The histogram has turned positive, signaling increased buying strength. These early signals often precede stronger upward momentum. With indicators aligning, ADA appears technically prepared to challenge resistance and push toward higher levels soon. March 26 Could Mark a Turning Point All eyes are now on March 26. With trading volume rising and bullish signals stacking up, a breakout could happen anytime. ADA only needs a firm close above $0.750 to confirm the move. If the token pushes past this resistance, traders will likely target $0.760 quickly. A sustained move higher could then carry ADA toward $0.775 and possibly $0.780. The setup is strong, and momentum favors the bulls heading into the new trading week. Watch ADA Closely as Momentum Builds Cardano has positioned itself for a major move. After bouncing from $0.722, ADA has climbed steadily and gained investor attention. Rising volume, improving technicals, and solid support paint a bullish picture. Read Also: Pi Network Plunges 6.3% to $0.9432 as Token Unlocks Trigger Market Jitters The market waits for a breakout above $0.750 to confirm the next phase. If this happens, ADA could rally further with speed. The days leading up to March 26 may hold the key.
20 Million XRP Dumped Post-SEC Win—Is $2.13 Support in Danger?
XRP remains unimpressive despite Ripple securing a major legal victory as the SEC dropped its lawsuit on March 19. After five long years of uncertainty, the crypto world expected a price surge. Yet, XRP continues to trade sideways at $2.39, holding just above a crucial support level at $2.13. This unexpected stagnation has left traders puzzled. Confidence in the altcoin has not matched the excitement of the legal outcome. The market sentiment still feels heavy, and XRP’s future remains uncertain. As the dust settles, bearish pressure threatens to overwhelm any bullish hopes. Whale Sell-Offs Raise Red Flags for XRP One of the biggest warning signs comes from XRP’s largest holders. Data from Santiment shows that whales are pulling out. Wallets holding between 100 million and 1 billion XRP sold a combined 20 million tokens. This sell-off equals roughly $50 million in XRP leaving the hands of major players. That’s a significant move, especially following a legal win. These whales began selling earlier this month and have not stopped. The trend suggests a lack of confidence in XRP’s short-term performance. Despite Ripple’s courtroom success, big investors are not rushing back in. Their actions speak louder than market optimism. When whales sell, others take notice. Such sell-offs usually increase supply, pushing prices downward. Traders now wonder if this is just the beginning of a longer downturn. Negative Sentiment Clouds XRP’s Short-Term Outlook Market sentiment adds another layer of concern. XRP’s weighted sentiment has dropped sharply and now hovers just above neutral at 0.052. This metric reflects both the volume and tone of social media discussions. As it approaches negative territory, traders grow increasingly skeptical. This declining sentiment often leads to reduced trading activity. When people lose confidence, they participate less, weakening the market. With fewer buyers and sellers, XRP becomes more vulnerable to price drops. Social buzz isn’t just quiet—it’s turning against the token. If this negative outlook continues, XRP could face more downward pressure. Traders holding onto hopes of a rebound might need to wait longer. The energy needed for a strong comeback is simply not present right now. XRP Balances on a Thin Line Between Support and Collapse At $2.39, XRP finds itself stuck between two major price points. The nearest support lies at $2.13. If the token dips below this floor, it may quickly slide to $1.47. That move would represent a painful 38% decline from its current level. However, not all hope is lost. If buyer confidence returns, XRP could rally. A resurgence in demand might push the price toward $2.61. That would be a healthy 9% gain and could spark renewed bullish interest. The token now balances on this razor-thin line between growth and collapse. Market watchers are keeping a close eye on whale movements. Any sign of renewed accumulation could shift momentum. Likewise, a sentiment rebound would help fuel a potential breakout. But until these changes occur, caution remains the dominant strategy. Why XRP Hasn’t Surged Despite Legal Clarity Ripple’s legal victory removed a major source of uncertainty. But clarity in court hasn’t translated into market excitement. The disconnect likely stems from a broader lack of trust. Traders may doubt the altcoin’s ability to perform without strong ecosystem growth. Additionally, many investors are using this moment to take profits. After years of waiting, they’re cashing out while prices are still favorable. This selling adds further pressure to a market already lacking momentum. Without fresh demand, it’s hard for XRP to lift off. Furthermore, overall market conditions remain mixed. Bitcoin’s recent stability hasn’t yet sparked significant altcoin rallies. As a result, XRP’s sluggish behavior reflects the crypto market’s broader uncertainty. What Traders Should Watch Going Forward XRP’s fate in the short term hinges on a few critical factors. The $2.13 support level must hold. If it doesn’t, a drop to $1.47 seems likely. Whale activity needs to shift from selling to buying. Until then, trust will remain fragile. Sentiment must also recover to drive renewed market energy. Read Also: Ripple CEO Confirms SEC’s Withdrawal – XRP Jumps 11%! A surge to $2.61 remains possible but requires several changes to align. Traders who act early could benefit, but timing is everything. Without stronger signals, XRP’s price could stay trapped in this holding pattern.
Shiba Inu to $0.00001320? 8% Rally in Sight as Bulls Take Control
Shiba Inu is approaching a pivotal moment as it shows signs of a bullish breakout. Currently trading within a falling wedge pattern, SHIB faces a critical resistance level at $0.00001260. If it breaks above this level, momentum could push the price toward $0.00001280 in the short term and $0.00001320 in the medium term. Traders and investors eagerly watch the market, wondering if this rally will materialize or if bearish pressure will stall the momentum. Technical Indicators Show Growing Buying Pressure Shiba Inu’s technical indicators suggest increasing bullish momentum. The 24-hour Relative Strength Index (RSI) currently sits at 43, signaling neutral sentiment. However, the 4-hour RSI has climbed to 51, indicating rising buying pressure. This shift suggests growing investor interest, which could fuel a price breakout. The MACD and other momentum indicators also point to potential bullish action. Short-term moving averages signal a buy, reinforcing the idea of a possible price surge. Despite this optimism, long-term moving averages remain bearish, reminding traders to stay cautious. The long-short ratio stands at 0.87, highlighting lingering bearish sentiment. If this ratio increases, SHIB’s bullish momentum could strengthen further. Shibarium and SHIB OS Could Drive Growth Fundamental developments in the Shiba Inu ecosystem add another layer of intrigue. Shibarium, SHIB’s Layer-2 blockchain, is approaching its 10-million-block milestone. This achievement could bring increased adoption, attracting more users and developers to the network. Meanwhile, anticipation grows around the upcoming SHIB OS. Designed to help enterprises and government entities transition to decentralized governance, this system could enhance SHIB’s real-world utility. Expanding beyond meme token status, Shiba Inu is positioning itself as a serious player in the blockchain space. If these advancements gain traction, they could drive long-term demand for SHIB. Whales Accumulate SHIB in Large Transactions Whale activity plays a crucial role in SHIB’s price movements. Currently, large investors hold 74% of the total SHIB supply. Among them, 60% have maintained their positions for over a year, despite many being at a loss. Their long-term confidence signals belief in a future price rebound. Recently, SHIB has seen an increase in large transactions, suggesting that whales are accumulating. This behavior often precedes major price movements, hinting at an upcoming surge. Open Interest in SHIB has also risen by 5.63%, further indicating that institutional traders are positioning themselves for potential gains. Another key factor is SHIB’s correlation with Bitcoin. Historically, SHIB’s price movements have mirrored Bitcoin’s trends. If Bitcoin continues to recover, SHIB may follow suit, strengthening the case for a breakout. SHIB Must Clear $0.00001260 for a Strong Rally For SHIB to confirm its bullish breakout, it must decisively surpass the $0.00001260 resistance level. If this happens, price targets of $0.00001280 and $0.00001320 become realistic in the near term. A strong breakout could trigger a wave of buying interest, pushing the price even higher. On the other hand, failure to sustain momentum could see SHIB retest the $0.00001220 support level. A drop below this point might lead to further consolidation, delaying any significant upward movement. Investors should watch price action closely, as volatility may increase in the coming days. Is Now the Right Time to Buy SHIB? Shiba Inu’s recent price action presents an interesting opportunity for traders. Short-term indicators suggest that SHIB is gearing up for a breakout, but long-term trends remain uncertain. Whale accumulation and rising Open Interest support a bullish case, while Shibarium’s milestone and SHIB OS provide strong fundamental backing. Traders should focus on the $0.00001260 resistance level. If SHIB successfully breaks above it, a strong rally could follow. However, caution is necessary, as long-term indicators still suggest lingering bearish sentiment. Monitoring Bitcoin’s price movements can also provide clues about SHIB’s next direction. Read Also: Shiba Inu Hits 1.5M Holders, But Will It Stay Above $0.00001259? Investors now face a critical decision: enter before the breakout or wait for confirmation. The coming days will determine whether SHIB can maintain its bullish momentum or if resistance will hold strong. Regardless of the outcome, Shiba Inu remains a fascinating asset to watch in the crypto market.
Cardano (ADA) Falls 5% Below $0.70 – What’s Next for Investors?
Cardano (ADA) has faced sharp price swings, dropping 5% in the past 24 hours. Meanwhile, futures open interest fell 2.6%, settling at $728 million, according to Coinglass. This decline suggests traders have adopted a more cautious stance, reflecting bearish market sentiment. The downturn aligns with broader cryptocurrency uncertainty caused by macroeconomic conditions and the Federal Reserve’s upcoming policy decisions. Cardano Dips Below Key Support Levels After briefly climbing to $0.73, Cardano’s price reversed and fell to $0.681 early Tuesday. The cryptocurrency also dropped under the 200-day simple moving average (SMA) at $0.70, a critical level traders closely monitor. Despite bullish forecasts, ADA struggled to hold key support levels. However, at the time of writing, it had slightly recovered to $0.71, reclaiming the 200-day SMA. The asset still trades below the 200-day exponential moving average (EMA) at $0.77, signaling ongoing bearish pressure. If buyers regain strength and push ADA above this resistance, it may rally toward $1.02. However, if selling pressure increases, ADA could decline further to support levels at $0.65, $0.62, $0.58, and $0.50. Broader Market Conditions Impact Cardano’s Price Macroeconomic developments continue to fuel uncertainty in the cryptocurrency market, and ADA has not been immune to these effects. Investors are paying close attention to the Federal Reserve’s policy meeting on March 18-19, which could shape market sentiment. Traders have shown increased caution, evident in the shrinking futures open interest. This metric tracks the number of unsettled futures contracts and helps gauge investor sentiment. A decline in open interest indicates reduced confidence and hesitation in making leveraged bets on ADA’s future price movements. The coming days may reveal whether traders regain confidence or continue reducing their exposure. Institutional Interest in Cardano Remains Strong Despite ADA’s short-term struggles, institutional investors remain interested in the cryptocurrency. On Monday, Hashdex submitted a request to the U.S. Securities and Exchange Commission (SEC) to amend its Hashdex Nasdaq Crypto Index US ETF (NCIQ). The firm seeks approval to include Cardano and other leading altcoins in the fund’s holdings. If approved, the move could boost institutional exposure to ADA and strengthen its long-term adoption. Coinbase has also expressed growing interest in Cardano. The exchange recently announced plans to introduce ADA futures contracts, pending approval from the Commodity Futures Trading Commission (CFTC). If regulators approve the request, traders will gain new opportunities to engage with Cardano, which could help integrate the asset further into traditional financial markets. Can ADA Regain Momentum? Cardano’s recent price action highlights the volatility within the cryptocurrency sector. The asset remains vulnerable to macroeconomic pressures, regulatory developments, and shifting trader sentiment. If buyers regain control and push ADA above the 200-day EMA, bullish momentum could propel the price toward $1.02. However, persistent bearish pressure may lead to further declines, testing support at lower price levels. Read Also: Dogecoin at $0.1661: Will a 30% Rebound Take It Past $0.22? As institutional interest continues to grow, Cardano’s long-term outlook remains positive. The next few days will be crucial in determining whether ADA can recover or face additional downward pressure. Traders should closely watch key resistance and support levels as they navigate the evolving market conditions.
Dogecoin at $0.1661: Will a 30% Rebound Take It Past $0.22?
Dogecoin has been on a sharp decline, losing 70% of its value since peaking at $0.48 in December 2024. While some investors have sold in fear, large holders, or whales, have chosen a different path. Instead of exiting, they have doubled down and increased their holdings. CinemaBoy reports that wallets holding at least one million DOGE have risen by 1.24% since early February. This accumulation happened exactly as prices fell, suggesting that whales see an opportunity rather than a reason to panic. The last time they moved like this, Dogecoin skyrocketed by more than 200% in November 2024. Could history repeat itself? Whale Accumulation Signals a Possible Dogecoin Rebound Onchain data from Santiment indicates that Dogecoin’s network activity is heating up. Active addresses have reached a four-month high, a sign of growing interest. When more wallets engage with a cryptocurrency, trading volume often follows. Increased activity could mean retail investors are stepping in, or it could mean long-term holders are buying the dip. The last major accumulation phase led to a massive rally, and this time, the conditions look similar. If history serves as a guide, Dogecoin could be preparing for another major price move. However, technical indicators will determine whether this is a genuine reversal or another false breakout. Technical Indicators Suggest a 30% Rally Could Be Ahead Dogecoin is currently sitting on a critical support level near $0.13, which aligns with a multi-year trendline. The 200-week exponential moving average also supports this level, adding to its strength. A bullish crossover on the Stochastic RSI further reinforces the possibility of an upward move. If Dogecoin can break through $0.22, it could gain momentum and rally another 30%. Momentum traders often step in when a price clears key resistance levels, adding further buying pressure. The setup suggests a possible surge, but risks remain. If DOGE falls below support, the price could drop to $0.12 before finding new buyers. What Happens If Dogecoin Fails to Hold Support? A 70% decline has already tested investor patience, but a further drop could shake confidence even more. If Dogecoin breaks below its support zone, it could enter a deeper downtrend. In that scenario, traders might look for the next support near $0.12. Failing to hold that level could trigger even lower price targets. Dogecoin’s history shows extreme price swings, making it difficult to predict the next move with certainty. While whales seem confident in a recovery, the broader crypto market sentiment will also play a role. If Bitcoin and Ethereum continue their uptrend, Dogecoin could follow. However, if the overall market weakens, Dogecoin might struggle to gain traction. Dogecoin’s Future: A Make-or-Break Moment Dogecoin’s price has tumbled 52.8% over the past three months, yet whales remain confident. Their increased accumulation suggests they see value at current levels. The rise in network activity supports this view, indicating renewed interest in the token. For a sustained recovery, Dogecoin must hold above $0.13 and break past $0.22. If it succeeds, a 30% rally could unfold, pushing the price toward higher resistance levels. On the other hand, if support fails, Dogecoin could see more downside before finding a new floor. Read Also: Shibarium Hits 10M Blocks! Will SHIB’s Price Rebound from a 4.29% Drop? Investors watching Dogecoin must decide whether this is an opportunity or another temporary bounce. Whales have placed their bets, but is this the beginning of a new rally or just another short-term fakeout? Time will tell, but for now, all eyes remain on Dogecoin’s next move.
XRP Breakout Alert: Analyst Says This Key Price Level Could Trigger a 3,400% Rally!
The crypto market is buzzing as analyst Dark Defender (@DefendDark) shares a bold XRP price forecast. If his predictions prove accurate, XRP holders may witness an extraordinary rally. His analysis suggests XRP could first hit $2.42 before skyrocketing to $333 in the long run. Investors eager to understand the forces driving this optimism should explore his insights. XRP’s Technical Setup Signals a Breakout Dark Defender’s latest analysis confirms that XRP has completed its correction phase on the four-hour timeframe. This pattern typically signals an upcoming strong upward move. His technical indicators point to an imminent breakout, setting the stage for significant price action. XRP must break above $2.42 to confirm bullish momentum. If the price holds above this level, a rally toward $5.85 and higher becomes more probable. The Ichimoku Cloud indicator, a widely respected momentum gauge, suggests that XRP could soon surge past resistance levels. Traders closely watching these signals anticipate a powerful upward push. XRP Eyes $77.7 in the Mid-Term Beyond the immediate breakout, Dark Defender projects an ambitious mid-term target of $77.7. He bases this forecast on Elliott Wave Theory, a model that identifies structured price movements in financial markets. According to this theory, XRP currently sits in its third wave, historically the strongest in a five-wave pattern. He identifies $5.85 as a key resistance level that could trigger a push toward $8.03 and $18.22. Once XRP reaches $18.22, a short-term correction may occur before the final climb to $77.7. His analysis suggests this phase could unfold within months, making XRP one of the most closely watched assets in the crypto market. XRP’s Long-Term Target of $333 Sparks Debate For investors thinking long term, Dark Defender has set an eye-catching price target of $333. While many traders question the feasibility of this level, he remains confident. He argues that market cap concerns often mislead investors and do not accurately reflect an asset’s true potential. Many skeptics believe that XRP’s market cap would need to grow beyond reasonable limits to support such a price. However, Dark Defender dismisses this notion, explaining that market cap is merely a theoretical calculation rather than a reflection of actual capital inflows. Other crypto experts support his claim, highlighting Bitcoin and Ethereum’s past price explosions as evidence that XRP could follow a similar trajectory. Regulatory developments, increased institutional adoption, and XRP’s growing real-world utility could fuel this long-term growth. If these factors align, triple-digit XRP prices may no longer seem out of reach. XRP’s Next Steps: What Investors Should Watch Traders should keep a close eye on technical indicators to gauge XRP’s next move. If XRP maintains momentum above $2.42 and $5.85, the pathway to $8.03 and beyond could open quickly. A confirmed breakout from the Ichimoku Cloud would further solidify bullish momentum. Mid-term investors should track the Elliott Wave pattern to determine if XRP follows the expected surge toward $18.22 before correcting. Understanding these phases can help traders make informed decisions on accumulation and profit-taking strategies. Long-term investors must assess XRP’s adoption trends and regulatory landscape. If institutional investment increases and XRP’s use cases expand, the ambitious $333 target may become more realistic. Many analysts believe that XRP’s current market positioning could support exponential growth under the right conditions. Should You Accumulate XRP Now? XRP’s technical structure suggests it could be on the verge of a major breakout. If Dark Defender’s projections materialize, traders who enter at current levels might capture significant gains. However, crypto markets remain volatile, and investors should manage risk accordingly. Read Also: XRP Drops Below $2—Can Whales Push It Back to $2.63? The coming weeks will be critical for XRP’s price movement. If resistance levels break, XRP could experience one of its most significant rallies in recent history. Many traders eagerly await confirmation signals to determine their next move. Now might be the time to assess XRP’s potential and decide whether to take a position.
