Home Blog Page 1003

Top Analyst Says Shiba Inu is Ready to Fly to New ATH

Abdulkarim Abdulwahab
-
0
Top Analyst Says Shiba Inu is Ready to Fly to New ATH

Shiba Inu is showing signs of recovery after a recent correction, with analysts predicting the potential for a momentous price rally anytime soon. 

According to analyst “Real CryptoRoy” on TradingView, SHIB has likely reached a local bottom, positioning itself for a bullish move in the coming weeks.

Shiba Inu Correction Phase May Be Over as Recovery Signs Emerge

After recently reclaiming an eight-month high of $0.00003330 in December 2024, SHIB entered a correction phase. Its price dropped by approximately 44%, reaching $0.0000186, followed by a rebound to the $0.00002 region.

For several weeks, Shiba Inu maintained a tight trading range around $0.00002, struggling to establish strong upward momentum. While Shiba Inu briefly recovered to $0.000024 in the first week of January, it dipped again to below $0.00002.

While these price fluctuations were challenging for holders who bought at the top, they presented an attractive entry point for mid-term investors looking to capitalize on Shiba Inu’s potential rebound.

CryptoRoy acknowledged this perspective in his commentary. He pointed out that the price action on January 13, when Bitcoin dipped to $89K, was particularly significant. Despite Bitcoin creating a new yearly low under $90K, SHIB did not dip below its previous low.

For context, Shiba Inu dipped to $0.00001978 on this day but closed above $0.000021. According to CryptoRoy, this “higher low” indicates strength in Shiba Inu’s momentum.

He also noted that the daily close staying above key support levels suggests the correction may be nearing its end. Specifically, the analyst emphasized that these positive signals point to the possibility of an imminent upward movement.

Shiba Inu
Chart showing Shiba Inu maintaining above the previous bottom

Key Levels to Watch for SHIB Bullish Momentum

Accordingly, CryptoRoy identified $0.000025 as a crucial resistance level for SHIB in the short term. If SHIB can break above this threshold and maintain its momentum, it could open the door for a retest of recent highs around $0.000033.

Furthermore, CryptoRoy suggested that a breakout past this resistance with strong volume could trigger more significant rallies to new highs.

However, CryptoRoy cautioned that the broader crypto market, led by Bitcoin, remains a key factor in SHIB’s performance. Since Bitcoin’s price action often influences altcoins, he advises traders to closely monitor BTC and its dominance (BTC.D) to gauge market shifts.

Indeed, the crypto market has seen improved sentiment with Bitcoin’s recent movement. Bitcoin reclaimed the $100K mark for the second time in 2025 yesterday. This bullish sentiment has spilled over to Shiba Inu, which traded at a fresh weekly high of $0.00002282 today.

Market Expert Says Dogecoin Will Pump by 700% as Early as Next Week

Elendu Benedict
-
0
Market Expert Says Dogecoin Will Pump by 700% as Early as Next Week

Seasoned market analyst Ali Martinez says Dogecoin could resume a 700% upswing as early as next week if the historic cyclical timeline proves true.

Dogecoin has reinstated its uptrend after an uneventful outing last week. For context, the leading meme coin corrected 12% the previous week amid a broader market recession.

Meanwhile, despite the 8% uptick in the past 24 hours, it trails high-caliber assets like XRP and Cardano in price performance. For context, the dog-themed meme coin has appreciated 16% in the past seven days, compared to XRP’s 46% and Cardano’s 22%.

However, market expert Ali Martinez suggests Dogecoin could imminently resume an explosive northward drive. His analysis insinuated that the seventh-largest cryptocurrency by market cap could surge up to 700% starting next week.

A 700% Dogecoin Surge from Next Week?

The crypto market tends to mirror previous price actions in its cyclical pattern. This synergy is one premise on which market analysts observe and predict an asset’s next move.

Martinez employed this strategy in his Thursday commentary, suggesting that Dogecoin could resume an exponential upswing from next week.

The analyst recalled that Dogecoin started a massive uptrend in the week of January 25, 2021. Notably, the price appreciation came on the heels of a 56% correction from its December high.

For context, the meme token retraced almost 56% from its December 2021 high of $0.0143 to a low of $0.0067. However, it resumed an uptrend on Monday, January 25, 2021, and closed the month with a 700% price growth.

Martinez noted that Dogecoin has retraced 46% from its December price high, similar to the 2021 feat. As a result, if history repeats, the meme coin could resume an upsurge to a price discovery phase from next week.

Dogecoin to Mirror Historical Price Action

Nonetheless, Martinez’s Dogecoin target remains between $4 and $23. He argued that the ambitious prices are possible, citing the token’s cyclical fractal trend.

Dogecoin Ready to Send

Meanwhile, analyst Trader Tardigrade confirmed the converging bullish momentum in a Wednesday commentary. He shared a chart showing that Dogecoin is about to break out from a falling wedge on the daily timeframe.

Dogecoin Breakout

The meme coin alpha’s relative strength index (RSI) also looked to follow its price breakout, indicating super bullish momentum. Although the market expert did not specify a price target, his earlier analysis suggests a break to $2.

Notably, Dogecoin broke out of the bullish falling wedge with a close at $0.3848 on Wednesday. A sustained trade above the trend line could see the token target higher prices.

At press time, Dogecoin trades at $0.3808, down 1% in the past day.

Cardano Critic Brandt Flips Bullish, Suggests ADA Has Now Bottomed for a ‘Grand Bull Market’

Sam Wisdom Raphael
-
0
Cardano Critic Brandt Flips Bullish, Suggests ADA Has Now Bottomed for a ‘Grand Bull Market’

Peter Brandt, a long-term Cardano critic, suggests the altcoin has now bottomed out and could be on the cusp of a price surge.

Cardano (ADA) has witnessed a sharp recovery from its Monday lows. After dropping to $0.8758 on Monday, Jan. 13, ADA has reclaimed the $1 level, currently trading at $1.097, as it records an impressive 24% rebound in just three days. 

Brandt: Cardano Has Bottomed

Amid this recovery, veteran commodities trader Peter Brandt, previously a vocal skeptic of Cardano, has surprised the community with his newfound optimism. Interestingly, he recently suggested that ADA has established a bottom and could be on the cusp of a “grand bull market.”

Brandt’s accompanying chart, which shows the reason behind this bullish outlook, highlights a double bottom base pattern that Cardano formed between December 2022 and October 2024. Notably, this formation signals a reversal and a potential bullish breakout. 

ADA slipped toward the base following the Terra implosion of May 2022, which triggered a contagion in the crypto market. Data from the chart shows that, following this base, Cardano broke out of a brief consolidation pattern in November 2024, when it soared on the back of the Donald Trump victory.

Cardano quickly surged past the $0.81040 resistance zone, flipped it into support and is now consolidating above it. According to the chart, this level serves as an important retest zone. 

Meanwhile, the Average Directional Index (ADX), standing at 36.76, shows a strong directional trend. The rising moving averages (8-day and 18-day) and the Relative Strength Index (RSI) confirm the ongoing bullish momentum in the Cardano market.

Previous Criticism

Interestingly, just a month ago, Brandt was bearish on Cardano, referring to it as a potential “car crash.” This skepticism came from a head-and-shoulders pattern he identified on ADA’s daily chart, which he believed indicated further declines. 

Cardano Head and Shoulders Peter Brandt
Cardano Head and Shoulders | Peter Brandt

At that time, Cardano was trading at $0.9271, having fallen below $1. Despite this bearish outlook, Brandt’s perspective has now shifted as ADA broke through major levels and invalidated bearish patterns. His current bullish stance suggests that Cardano may aim for massive gains in the coming months.

Analysts Bullish on Cardano

Other market analysts share Brandt’s optimism. Pseudonymous market watcher Maxpain recently noted that ADA had been trading within a range of $0.874 and $1.327. He highlighted consistent higher lows since December 19, which signaled building bullish momentum. 

He also identified the $0.829 to $0.879 zone as a strong demand area, marking it as a favorable accumulation point. The analyst’s price targets for ADA include $1.10, $1.32, and $1.60.

Additionally, The Crypto Basic disclosed yesterday that Ali Martinez had observed massive whale activity over the past few days. According to him, large holders acquired 100 million ADA tokens within 48 hours. 

Meanwhile, Dan Gambardello, a Cardano bull, recently called attention to ADA’s strong 2025 performance, comparing it to XRP and noting its resilience against competing narratives from venture-capital-backed projects. Notably, Cardano is up 12.35% this week and 28.6% in 2025.

Donald Trump Considers Creating US-Based Crypto Reserve Favoring XRP

Lele Jima
-
0
Donald Trump Considers Creating US-Based Crypto Reserve Favoring XRP

U.S. President-elect Donald Trump reportedly plans to sign an executive order to create a national reserve of digital assets, prioritizing assets like XRP. 

Popular media outlet The New York Post revealed this development in a report today. According to the report, Trump is open-minded to establishing an America-first strategic reserve that will prioritize cryptocurrencies developed in the United States over other offshore assets. 

Crypto assets that would potentially benefit from this initiative include XRP, Solana (SOL), and USD Coin (USDC). Interestingly, Trump has made significant efforts towards this initiative by recently meeting with the founders of these U.S.-based coins.  

This move will enable America to strengthen its position in the global crypto economy by supporting domestic blockchain projects over those created outside the country. 

Mixed Reactions Trail America-First Digital Asset Reserve Proposal 

As expected, the proposal has elicited controversies within the crypto community. Critics suggest that favoring U.S.-based tokens over others could undermine Bitcoin’s global crypto standing. 

On the contrary, proponents applauded the initiative, emphasizing it would enhance the U.S.’s competitiveness in blockchain. Early Bitcoin investor Frank Chaparro commended Trump for setting a new tone for the crypto industry, describing his reelection as a radical shift. 

XRP Soars 19.5% to $3.32  

In the meantime, the prices of these U.S.-based cryptocurrencies reacted positively to the news. Specifically, XRP, which was trading at around $3.05 earlier today, spiked to $3.32 a few minutes after the New York Post published the report.  

XRP is less than 2% away from surpassing its previous all-time high of $3.4, registered in January 2018, according to data from CoinGecko. At the moment, XRP is up 19.5% over the past 24 hours and 44.53% in the past week. 

As the third-biggest cryptocurrency, XRP has a market cap of $190.54 billion, with a daily trading volume of $26.77 billion. 

Similarly, SOL has surged 12.81% in the past 24 hours to $211.89 per coin. With a valuation of $102.52 billion, Solana ranks as the fifth-biggest crypto on CoinMarketCap. 

Trump Could Sign Multiple Pro-Crypto Executive Orders After Inauguration 

Meanwhile, sources claim that Trump might also sign several executive orders after his inauguration on January 20 to bolster the crypto industry. 

These measures revolve around creating a national Bitcoin stockpile, ending the de-banking policy that limited banks’ engagement with crypto firms, and appointing pro-crypto advocates to key positions. 

Meanwhile, Trump has already made several appointments favoring the cryptocurrency industry. They include appointing David O. Sacks as White House ‘Crypto Czar’ and Paul Atkins as incoming SEC Chair. 

Cardano to $1.5? Analyst Points to Two Bullish ADA Patterns

Okoya David
-
0
Cardano to $1.5? Analyst Points to Two Bullish ADA Patterns

Market analyst “CobraVanguard” opines that Cardano could be on course for a significant rally.

After weeks of slow grinding downward price movement, crypto assets appear to be making another stand, this time buoyed by seemingly improving macroeconomic conditions as the U.S.’s core inflation data came in lower than expected on Wednesday. 

Among the assets that have reclaimed key levels in this rally is Cardano‘s native token, ADA. It is back above the $1 price point and may still have significant upside room, at least according to one highly followed analyst.

Cardano’s ADA to $1.5?

Market analyst “CobraVanguard” has opined that ADA could be on course for a significant rally.

In a recent TradingView idea, the analyst asserted that ADA looked set to rally to the $1.5 price point, citing two bullish patterns on the asset’s 4-hour candle chart.

For context, the asset is trading at $1.04 at the time of writing; a rise to $1.5 would represent a 44% increase.

ADAUSDT 4 hour candle chart
ADAUSDT 4 hour candle chart. Source: CobraVanguard

The first pattern identified by CobraVanguard is an ascending triangle chart pattern that the asset slipped into in mid-December 2024. This pattern features higher lows and horizontal resistance between $1.10 and $1.15.

Inside this ascending triangle, the analyst noted a cup-and-handle structure, setting the target of a potential breakout of both patterns at the $1.5 price point.

Interestingly, CobraVanguard is not the only analyst who has predicted an ADA breakout to $1.5. On January 12, prominent market analyst Ali Martinez also suggested that Cardano could be set to rally to the $1.5 price point.

Unlike CobraVanguard, however, he arrived at this target citing an asymmetric triangle pattern also on the 4-hour candle chart and significant buying pressure from whales.

A potential catalyst ADA bulls may be looking at to hit the $1.5 target is the looming inauguration of President-elect Donald Trump, who sounded significantly bullish on crypto on the campaign trail and looks set to implement several pro-crypto policies.

Cardano Eyes $1.3 After Successful Double-Bottom Breakout

Albert Brown
-
0
Cardano Eyes $1.3 After Successful Double-Bottom Breakout

Will Cardano (ADA) price continue its double-bottom breakout rally with a successful retest as buyers target $1.2915?

With a bullish recovery in the crypto market, altcoins are surging rapidly, but Cardano is struggling to gain momentum. After a sideways shift following the $1 psychological mark, Cardano maintains a market cap of $36.35 billion.

Cardano Price Analysis

On the 4-hour chart, Cardano’s price trend shows a double-bottom breakout. The neckline broke at $1.02, with a peak at $1.0893.

Cardano Price Chart
Cardano Price Chart

However, due to the massive overhead supply, Cardano’s price is back to retest the broken neckline. The ADA token trades at a market price of $1.0340, with a slight intraday pullback. This current price follows the recovery from a $0.8775 dip, representing a 17.85% gain.

Notably, the bullish recovery has led to a positive crossover of the 20-EMA line with the 50, 100, and 200 EMAs, helping restore the bullish alignment of the exponential moving averages.

Furthermore, the 4-hour RSI is now above the halfway mark, indicating strong bullish demand. As a result, technical indicators are signaling a buy as Cardano enters the retest phase.

Whales Maintain ADA Buying Spree

During the recovery rally, whale support for Cardano has significantly increased. According to recent tweets from Ali Martinez, Cardano whales have purchased over 130 million ADA tokens in the past 72 hours.

This includes 30 million ADA tokens in the last 24 hours and 100 million ADA tokens in the preceding 48 hours. This surge reflects a growing demand for Cardano within the whale community, suggesting a bullish outlook.

ADA Price Targets

Based on the Fibonacci levels, the 78.6% Fibonacci level breakout will determine the bullish journey. The upcoming price target for Cardano remains at the $1.13 peak and the $1.20 psychological mark. 

However, with the hype around Trump’s swearing-in ceremony on January 20, Cardano could reach the 1.618 Fibonacci level at $1.2915.

On the flip side, the crucial support remains at the $1.00 psychological mark, followed by the $0.9765.

Crypto Law Firm Pursues Legal Action Against Solana’s Pump.fun for Meme Coin Investors

Albert Brown
-
0
Crypto Law Firm Pursues Legal Action Against Solana’s Pump.fun for Meme Coin Investors

Burwick Law, a law firm specializing in digital consumer protection, has initiated legal action on behalf of investors who suffered losses linked to Pump.fun meme coins.

The law firm invited affected individuals to complete a no-cost, no-obligation intake form seeking financial accountability for victims of alleged misconduct.

Allegations Against Pump.fun 

Per Burwick Law, in recent months, Pump.fun, a Solana platform, generated hundreds of millions of dollars in fees while hosting content that included illicit drug use, racism, anti-semitism, and other inappropriate material.

Burwick Law highlighted concerns regarding the platform’s anonymous creator, emphasizing the lack of transparency and accountability. According to the firm, this anonymity undermines the trust necessary for scaling and engaging with retail participants.

The firm’s ongoing efforts are part of a broader initiative to address issues within the crypto space, which it claims has been overshadowed by scams and speculative assets.

Burwick Law also emphasized that this trend undermines projects with potential societal impact, diverting the ecosystem’s focus away from crypto’s foundational promise of democratized finance.

UK FCA Warning on Pump.fun

Notably, a December 2024 report from the UK Financial Conduct Authority (FCA) issued a public warning against Pump.fun. It flagged concerns that the platform might be offering financial services without proper authorization.

Accordingly, the FCA advised residents to avoid engaging with Pump.fun as users would not be protected by UK financial laws.

In response, Pump.fun restricted access to its platform for users with UK IP addresses. While the platform did not officially confirm this move, multiple sources verified that UK-based users were unable to access its services.

Burwick Action Against Hawk Tuah Meme

Burwick Law’s recent actions build on its history of consumer advocacy in the crypto sector. Previously, the firm filed a federal lawsuit against the creators of Hawk Tuah, a meme coin that experienced a controversial launch.

Haliey Welch, widely recognized as the “Hawk Tuah” girl, became the face of the Solana-based meme coin launch that ended in controversy last month.

The project, which initially surged to a $490 million market capitalization, saw its value plummet by 93% shortly after launch. Allegations of a rug pull quickly emerged, fueling skepticism about the coin’s legitimacy.

Notably, Shiba Inu’s lead developer, Shytoshi Kusama, clarified his non-involvement with Hawk Tuah, revealing that he declined an offer to act as an influencer for the project.

Bitwise CEO: A Particular Country is Considering Selling Government Bonds to Buy Bitcoin

Elendu Benedict
-
0

Bitwise CEO Hunter Hosley has disclosed a communication between him and a nation-state looking to switch from traditional bonds to Bitcoin.

Bitcoin is now making headlines globally. The premier asset’s meteoric rise to fame has grabbed the attention of not just institutions but nations all over the world.

Hunter Horsley, the CEO of asset manager Bitwise, recently disclosed that governments have started enquiring about Bitcoin. In a tweet, he revealed contact with a nation-state considering gaining exposure to the largest cryptocurrency by market cap.

Bitcoin Entering the Next Chapter

Before now, Bitcoin’s adoption lay between end-users and retail traders. However, its adoption curve has recently transcended from small-scale utility to large-scale accrual.

The institutional play kicked in following the approval of the first-ever US Bitcoin spot exchange-traded funds (ETFs) a year ago. The investment vehicles allowed traditional financial whales to gain alternative exposure to the pioneering cryptocurrency.

While institutions started warming to Bitcoin, the 47th US President, Donald Trump, broadened the adoption curve. His flirtation with digital assets during his campaign days took the adoption to a global scale.

Horsley confirmed this emerging friendlier global bias in his latest post. The Bitwise CEO shared that the asset manager recently discussed with a nation’s government, who asked about Bitcoin ETFs.

Also, Horsley revealed that the country is contemplating dumping some foreign government bonds for Bitcoin. He inferred that this new trend insinuated a changing investment trend among nations, insisting that “Bitcoin is entering a new chapter.”

Meanwhile, the switch is logically sensible considering Bitcoin’s yearly performance compared to government bonds. For context, the premier asset surged over 120% in 2024, trouncing the 10-year US Treasury bond’s 4.5%.

Countries Looking to Scoop Bitcoin

While the nation’s identity remains unknown, countries are openly vying to scoop up the limitedly capped Bitcoin. Countries like Russia and Brazil have made efforts to buy and hold Bitcoin as a strategic reserve asset, with the European Union following suit.

Moreover, Trump’s camp has shown its intent to fulfill its US Bitcoin reserve promises, with the industry lobbying for an executive order in the first 100 days. The president also intends to form an advisory team to facilitate the creation of a regulatory framework.

PEPE Analysis: Will the Recovery Rally Break $0.000020?

Albert Brown
-
0
PEPE Analysis: Will the Recovery Rally Break $0.000020?

Will the PEPE price rally continue amid the broader market recovery to reach the $0.000021 mark?

With a bullish recovery in the crypto market, valuations have reached $3.5 trillion. As Bitcoin fluctuates near the $100,000 mark, the meme coin segment hit a market cap of $107 billion.

Among the top-performing coins, PEPE has secured its spot with a 24-hour rise of 6.67%. So, will the ongoing rally continue?

PEPE Price Analysis

On the 4-hour chart, PEPE’s price action reveals a bullish recovery within a symmetrical triangle pattern. The price has bounced off the local support trendline, reclaiming the 23.60% Fibonacci level at $0.00001739.

CRYPTO:PEPEUSD Chart Image by Trojan69420

However, PEPE faced a bullish failure at a critical resistance confluence, which includes the 200-EMA line, the resistance trendline, and the 38.20% Fibonacci level at $0.00001921.

After retesting the 100-EMA line due to a bearish reversal, PEPE is now trading at $0.00001861. However, the bullish recovery within the pattern has led to a positive uptick in the 20-EMA line, signaling a potential bullish crossover.

The 4-hour RSI is approaching the upper boundary, further indicating bullish momentum.

Analyst Targets PEPE Price Run to $0.000021 

Supporting the bullish chances in PEPE, crypto analyst Ali Martinez has highlighted a buying opportunity for PEPE in his recent post. Based on the TD Sequential Indicator triggering a buy signal on the daily chart, Martinez anticipates a rebound to $0.000021.

The chart shared by Martinez suggests a Double Bottom Reversal. With the current price trend, the recovery could lead to a surge to the 38.20% Fibonacci level at $0.00002190.

Image
PEPE chart by Ali Martinez

PEPE Price Targets

Based on the price action analysis, the triangle breakout rally could unleash a high-momentum rally. Using the Fibonacci level, the upside price target for PEPE meme coin stands at the 61.80% Fibonacci level at $0.0000225. 

Conversely, the 23.60% Fibonacci level remains a crucial support at $0.000017393.

Pundit Says You’re Not “Locked in” Until You Own XRP Meme Coins

Sam Wisdom Raphael
-
0
Pundit Says You’re Not “Locked in” Until You Own XRP Meme Coins

Amid the impressive XRP price performance, market commentators identify the growing XRP meme coin market as a gold mine.

For context, XRP recently reclaimed the $3 mark for the first time since 2018, triggering a renewal of interest from the broader crypto community. As investors turn their attention to XRP, a growing trend within its ecosystem has gone unnoticed: the rise of meme coins on the XRP Ledger (XRPL). 

Notably, the XRPL meme coin market first gained traction after the launch of Memepad, a token issuance platform by Magnetic X, in October 2024. However, the momentum soared with the introduction of First Ledger, another launchpad that led to a record number of daily token issuances on the XRPL by late October.  

Prominent XRP community figures have called attention to this trend, noting the potential of meme coins. Polly, a prominent trader, noted that investors looking to capitalize on the ecosystem’s growth should own XRP meme coins. 

“You are Not Locked in”

Polly suggested that investors who overlook XRPL meme coins in their portfolios are not truly “locked in,” a term popular in the community that refers to staying focused on the right opportunities to achieve maximum returns.

Interestingly, other XRP community figures hold a similar outlook. Crypto Bitlord, a notable commentator, highlighted several top-performing meme coins on the XRPL. He identified ARMY, JELLY, RipTard, PHINX and PONGO as standout tokens with active communities and strong performance. 

Bitlord suggested these coins range from blue-chip investments to speculative ones. However, he warned of risks associated with some meme coins, including team-led sell-offs and rug pulls.  

Meanwhile, crypto investor Juke singled out RIBBLE as a promising token, noting its market cap growth from $250,000 to $800,000. Juke emphasized that frog-themed tokens have historically performed well, suggesting that RIBBLE has the potential to lead during the next wave of volume spikes.  

Despite the enthusiasm, some in the community have advised caution. Edoardo Farina, founder of Alpha Lions Academy, reminded investors of the high risks involved with new meme coins. 

Farina noted that some tokens could lose over 90% of their value within minutes, urging traders to stick with well-established meme coins such as DROP, PHNIX, ARMY, BERT, and SIGMA. 

Top XRP Meme Coins on First Ledger

Notably, the surge in meme coin launches has led to notable achievements on the XRPL. Data from First Ledger reveals ARMY as the largest meme coin by market capitalization, worth $85.5 million, with 11,657 holders and 47.9 million XRP in total trading volume. 

Top XRP Meme Coins First Ledger
Top XRP Meme Coins | First Ledger

PHINX follows as the second largest, boasting a $39.3 million market cap, 13,914 holders, and a trading volume of 40.2 million XRP. Other leading tokens include LIHUA, valued at $23.5 million, SLT at $20.9 million, and DROP at $15.6 million.

1...1,0021,0031,004...2,659Page 1,003 of 2,659