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From $3.50 to $6.83: NEAR Protocol’s 95% Surge Targets $11

Albert Brown
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From $3.50 to $6.83: NEAR Protocol’s 95% Surge Targets $11

With a bullish trend in play, the 95% surge in NEAR Protocol suggests potential price targets of $9.50 and $11.

In the daily chart, the NEAR token price shows a V-shaped recovery rally gaining momentum. With the broader market recovery, the NEAR token price has surged from the $3.50 mark to the current market price of $6.833.

This accounts for a massive 95% price surge in the last three weeks. Will this recovery rally result in a price surge beyond the $10 psychological mark? Let’s find out.

Near Token Price Analysis

Before the V-shaped reversal, NEAR Protocol’s price trend showed a breakout from a falling channel rally. However, it struggled to break above the 50% Fibonacci level at $5.89, which led to a drop to the $3.50 mark.

NEAR Price Chart
NEAR Price Chart

The ongoing recovery rally has seen only 6 out of 21 bearish candles over the past 21 days. Currently, another potential bearish candle is forming with an intraday pullback of 0.52%.

Despite the intraday pullback, NEAR’s price trend showcases four consecutive bullish candles, accounting for a price surge of nearly 30%. The intraday pullback showcases a higher price rejection from the 78.60% Fibonacci level at $7.263. 

The underlying surge in buying pressure has resulted in a golden crossover and a bullish crossover between the 100-day and 200-day EMA lines. The RSI line has entered the overbought zone as the altcoin struggles to sustain dominance above the $7.00 mark, increasing the possibility of a minor pullback. 

Near Protocol Price Targets $11 Amid Increased Volatility

Amid the retest chances, the 61.80% Fibonacci level remains the immediate support level. This support level is priced at $6.458. Given the overall uptrend, a breakout above the 78.60% Fibonacci level would likely target the $8.29 mark.

Further upside price targets are at the 1.272 and 1.618 Fibonacci levels, which are priced at $9.59 and $11.25, respectively.

Analyst Predicts Bitcoin Could Surge 150% to $170K After $100K Milestone

Albert Brown
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Analyst Predicts Bitcoin Could Surge 150% to $170K After $100K Milestone

Bitcoin is rapidly approaching a key milestone of $100,000, and analysts are now predicting a potential surge of up to 150%, pushing its value to $170,000.

Bitcoin continues to dominate market attention as it inches closer to a groundbreaking $100,000 valuation. On Friday, the cryptocurrency nearly touched $99,800 before retreating slightly over the weekend. As of the latest updates, Bitcoin’s price stands at $98,337.84, representing a modest 0.14% gain over the past 24 hours. Over the past week, the asset has climbed by 7.19%, reflecting robust upward momentum in the market.

Analyst Roadmap Suggests Potential $170K

Amid this movement, market analysts are closely watching Bitcoin’s trajectory. A notable roadmap outlined by Egrag Crypto on X suggests a possible surge toward $170,000, albeit not without potential retracement. 

The outlined scenario projects that Bitcoin could first surpass $100,000, reaching $102,000 to $104,000 before a significant pullback. This correction might align with the CME gap observed between $78,000 and $80,000, a commonly tracked price level on the Chicago Mercantile Exchange’s Bitcoin futures chart.

Further analysis indicates that dropping below $73,000 on higher timeframes might trigger cascading sell-offs. This could lead to a retest of prior breakout levels before a sharp recovery. The roadmap draws parallels with Bitcoin’s price movements during the 2017-2018 cycle, suggesting the possibility of history repeating itself.

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Meanwhile, according to Moustache, an analyst on X, Bitcoin’s monthly Relative Strength Index (RSI) has recently surpassed the 70 level. The analyst pointed out that historically, this threshold has often been followed by significant price increases and the final peak of a market cycle. 

This indicator has created anticipation about potential market movements in the coming weeks and months.

Strengthening Bullish Behavior

Data from CryptoQuant highlights bullish patterns in Bitcoin’s on-chain metrics, suggesting the ongoing rally may still be in its early stages. The platform’s Bull-Bear Market Cycle Indicator has shifted into a bullish zone, mirroring conditions observed in early 2020. This trend preceded a significant price surge for Bitcoin, providing context for the current market behavior.

Recent whale accumulation has further bolstered market confidence. CryptoQuant CEO Ki Young Ju emphasized that these large-scale purchases are driving the rally. Once dismissed as exaggerated, the data now aligns with the sustained uptick in market activity, suggesting renewed investor confidence.

VeChain Bulls Eye $0.056 Breakout for Major 250% Rally to $0.15

Albert Brown
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VeChain Bulls Eye $0.056 Breakout for Major 250% Rally to $0.15

With a bullish breakout on the weekly chart, is VeChain ready to hit the $0.15 mark as analysts highlight a flag breakout in the short term?

On the weekly chart, VeChain’s price action shows a massive recovery rally at play. The bullish recovery has created three consecutive green candles, overcoming the long-coming resistance trendline. This marks a price jump of 145% within 21 days. 

Currently, the VET token trades at a $0.04325 market price with an intraday pullback. Will the bull run in VeChain march forward to reclaim the $0.10 psychological mark?

VeChain Bull Run Crosses $0.040

Starting from $0.018 on November 3, VET’s bull run has peaked at $0.04727. However, the bull momentum failed to surpass the $0.050 psychological mark before witnessing a pullback. 

VeChain price Chart
VeChain price Chart

The trendline breakout rally, combined with the triple white-soldiers pattern, marks the end of the pullback phase. However, the trendline breakout rally failed to sustain above the 23.60% Fibonacci level, priced at $0.04474, resulting in the 6.16% pullback today.

Meanwhile, the increased demand for VET has resulted in an uptick in the 50-week EMA line, creating a golden crossover. Furthermore, the MACD and signal lines have surged higher with the resurgence of positive instruments. Hence, the technical indicators maintain a buy signal for VeChain.

Analyst Predicts Flag Breakout Rally to $0.056

With three consecutive bullish weeks, the trend reversal in VeChain shows strong bullish price action on a larger timeframe. In a recent X post, crypto analyst Ali Martinez highlighted a breakout rally in VeChain that could change the short-term dynamics.

Martinez’s analysis highlights a bullish flag breakout, with VET surpassing the 78.60% Fibonacci level at $0.043. The price action analysis is done in the 1-hour timeframe and suggests the uptrend continuation to $0.056. This marks a potential 30% upside in the near-term trend. 

Conversely, the crucial supports based on Martinez’s analysis are at $0.043 and $0.040.

VeChain Price Targets in the Weekly Chart

With the reversal rally failing to surpass the neckline at the 23.60% Fibonacci level, the change of trend character is yet to occur in VET price action. The intraday pullback increases the possibility of the broken trendline retest. 

Nevertheless, the bulls will likely regain control after the retest phase to re-challenge the Fibonacci neckline. In case of a bullish breakout, the upside price targets are at $0.087 and $0.15. Hence, the Fibonacci levels give an upside projection of more than 250% of the current market price.

On the flip side, the retest at $0.033 could result in a bearish continuation to the 50-week EMA at $0.028.

Expert Says Pepe Will Outperform Dogecoin and Shiba Inu This Cycle

Elendu Benedict
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Expert Says Pepe Will Outperform Dogecoin and Shiba Inu This Cycle

Max Schwartzman, the CEO of BecauseBitcoin, has shared an indication of the bull cycle’s peak, citing the performance of the largest meme coins Dogecoin, Shiba Inu and Pepe.

The meme coin sector has been one of the standout narratives in this bull cycle. Strong performances from Dogecoin, Shiba Inu, and Pepe have seen the meme sector trade at a market cap of $132 billion.

For context, Dogecoin, Pepe, and Shiba Inu have respectively surged 221%, 125%, and 53% in the past 30 days. Other meme coins like Bonk and Floki Inu have also performed impressively, appreciating 124% and 81.5%, respectively.

Amid the notable upticks, BecauseBitcoin founder Max Scwartzman has shared his meme coin play for the cycle, including a possible scenario where Pepe will outpace Dogecoin. He also predicted how the meme sector will determine Bitcoin’s market top.

Schwartzman Shares Alpha-Beta Cycle Play

In a Nov. 23 tweet, Schwartzman asserted which meme coin was alpha and beta in this bull cycle. He stated that while the previous cycle was Dogecoin (alpha) against Shiba Inu (beta), this period would be the former against the third-largest meme coin by market cap, Pepe.

The CEO asserts that Dogecoin is the alpha and Pepe the beta for this bull run, insisting that the relationship between the two tokens is the “secret sauce in crypto.” Per the analysis, Schwartzman speculated that Pepe will be the best-performing token in the meme category this cycle.

Cycle Top When Pepe Flips Dogecoin

Notably, the market typically shows an interesting trend between alphas and betas and how they determine the cycle top. He pointed to an occurrence in the previous cycle as his basis for using the analogy to determine the market top.

The BecauseBitcoin CEO stated that Bitcoin peaked last cycle when Shiba Inu’s market cap flipped Dogecoin’s. The expert insisted that although betas are allowed to topple alphas for a short time, sustained overperformance signals the market is a “house of cards about to collapse.”

As a result, he insisted he would leave the crypto market when Pepe’s market cap flipped Dogecoin’s later in the cycle. In the meantime, he advised his massive audience to enjoy the ride up, as both tokens would surge together for now.

Notably, Pepe has been teased to perform outstandingly this cycle, with an analyst predicting it will mirror Shiba Inu’s 2021 explosion. The analysis came following PEPE’s listing on Coinbase and Robinhood.

In the meantime, PEPE trades at $0.00002052, down 9% in the past seven days.

Analyst Predicts Smooth Ride for WorldCoin: Is $4.53 Target Within Reach?

Albert Brown
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Analyst Predicts Smooth Ride for WorldCoin: Is $4.53 Target Within Reach?

Rising in a broadening wedge, WorldCoin (WLD) is preparing for a breakout rally as it exceeds $2.50. Will the uptrend reach $4.53?

WorldCoin is one of the high-ranking altcoins in the Ethereum ecosystem. With a market cap of $1.778 billion, it ranks among the top 65 cryptocurrencies. 

Over the past 7 days, it has increased by 12.83%, with the trading volume exceeding its current market cap. With its 24-hour trading volume exceeding $1 billion, will this massive surge result in a parabolic jump in WorldCoin prices? 

Worldcoin Price Analysis

In the daily chart, the WLD price action shows a recovery rally at play. With two diverging trendlines, the recovery rally forms a broadening wedge pattern. 

Despite multiple higher price rejections from its overhead resistance trendline, the recovery rally is going strong. Over the past six days, it has made consecutive bullish candles and has registered a growth of 23.14%. 

Worldcoin Price Chart
Worldcoin Price Chart

The recovery rally streak of consecutive bullish candles started from the $2.12 support zone and the 100-day EMA. The price surge has surpassed the 200-day EMA line and is ready to challenge the resistance trendline. 

From the $1.28 bottom in September, Worldcoin has surged by 102% within 80 days. The increased bullish influence has resulted in a merger of the 50-day and 100-day EMA line, teasing a positive crossover. 

The MACD and signal lines maintain a positive alignment after avoiding the recent bearish crossover, supporting the bullish trend. Further, the rising positive histograms reveal this gradual surge in trend momentum. 

Analyst Predicts a Worldcoin Rally Free of Supply Barriers

Supporting the bullish trend, crypto analyst Ali Martinez recently stated that WorldCoin faces “no significant supply barriers ahead.” Using the global in-and-out-of-money indicator, Martinez highlighted that 95.86% of the volume is “in the money,” suggesting minimal resistance for the WLD price.

Therefore, the uptrend is likely to continue toward the $10 psychological mark. However, for the bull run to sustain, WorldCoin must maintain the $2.10 support level.

Worldcoin Price Targets $2.95 Breakout Run To $4.53

Based on the price action analysis, the uptrend is heading to challenge the resistance at $2.95. This level combines the rising resistance trendline and a previous swing high, marking a key supply zone. A breakout above this critical level could trigger a significant surge toward $4.53.

On the other hand, should the bullish trend retrace, it may test the $2.53 support level or the 50-day EMA at $2.13.

Crypto Market Sees $489M in Liquidations as Bitcoin Dips to $95K

Albert Brown
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Crypto Market Sees $489M in Liquidations as Bitcoin Dips to $95K

The crypto market experienced significant volatility over the past 24 hours, with $489.46 million in liquidations across various assets, including Bitcoin.

In the past hour alone, liquidations totaled $5.58 million, with $2.07 million from long positions and $3.50 million from shorts. Over a 4-hour period, liquidations reached $29.09 million, with shorts accounting for $20.56 million and longs for $8.53 million.

The 12-hour period saw a larger total of $130.15 million in liquidations, with $58.32 million from longs and $71.84 million from shorts. Over the full 24-hour span, liquidations overwhelmingly came from long positions, totaling $358.96 million, compared to $130.50 million from shorts.

crypto market liquidation
crypto market liquidation

Bitcoin Leads Liquidations amid $95K Dip

Bitcoin’s dominance in the market was reflected in its liquidation volume, which made up the largest portion, at $21.73 million, in the last 12 hours. Meanwhile, on the 24-hour scale, the value reached approximately $81 million, with longs accounting for the largest share.

Notably, Bitcoin’s liquidation volume on Binance totaled $23.22 million in long positions and $6.55 million in short positions, while OKX recorded $7.95 million in long liquidations and $7.79 million in shorts.

Shorts dominated on both exchanges in the 12-hour time frame, while longs took the lead on the 24-hour scale. This mixed dynamic emerged as Bitcoin’s price dropped to $95K over the weekend but has since recovered to above $98K at press time, affecting trading positions betting on BTC’s movement.

Other Assets Seeing Significant Liquidations

Meanwhile, the altcoin market also experienced substantial activity as well. Sandbox (SAND) saw liquidations totaling $14.33 million, accompanied by a 33.39% surge in its price to $0.7739 over the last 24 hours. Over the past week, SAND’s price increased by an impressive 113.43%, showcasing growing market interest.

Ethereum (ETH) recorded $12.51 million in liquidations, while its price declined by 1.10% to $3,387 in the past day, despite an 8.79% increase over the week.

XRP followed with $9.01 million in liquidations, showing a 0.27% price uptick to $1.46 over 24 hours and a 25.63% weekly gain.

Dogecoin (DOGE) faced $7.82 million in liquidations, with its price falling by 3.25% to $0.4239 today. Although it rose by 14.67% over seven days.

Other notable tokens included Stellar (XLM), which had $6.80 million liquidated. Its price dropped by 8.81% to $0.5153 in 24 hours but has surged by 127% over the past week.

Solana (SOL) saw $3.61 million liquidated, while Cardano (ADA) faced $3.27 million in liquidations. Their prices declined by 1.63% and 1.94%, respectively, over the last day. Both tokens experienced substantial gains over the week.

Shiba Inu Lead Says Burning 99% of SHIB Circulating Supply is Possible

Elendu Benedict
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Shiba Inu Lead Says Burning 99% of SHIB Circulating Supply is Possible

Shiba Inu lead Shytoshi Kusama has argued that burning 99% of SHIB’s circulating supply is possible but noted there are more important price catalysts.

Kusama has again addressed a pressing issue in the Shiba Inu community regarding token burns. The pseudonymous lead responded to an enthusiast who asked about the timeline or roadmap to burning 99% of the Shiba Inu token.

In response, Kusama indicated that incinerating 99% of circulating Shiba Inu was now possible. He noted that the concept would have been insurmountable a few years ago, but “with many projects banding together” on the ecosystem, the milestone has become attainable.

However, the lead placed a clause on the ambitious burn milestone. He noted that a burn rate that significant would only happen if more projects or a few mega ones adopted the Shiba Inu ecosystem tech stack.

Kusama Shares Increased Burn Drawbacks

Meanwhile, the pseudonymous Shiba Inu lead noted that increased burn rates have a setback for the ecosystem. He stated in the thread that the SHIB price could rise alongside the increase in burns.

As a result, buying Shiba Inu would eventually become too expensive, slowing down burn rates. The lead then insisted that SHIB incineration is not all that matters, concluding that there are several other ways for the Shiba Inu ecosystem to thrive.

Lead Shares the Ultimate Solution

Conclusively, Kusama stated that a more sustainable means of boosting Shiba Inu’s price and ecosystem is to drive adoption. He argued that if the meme coin has a real-world use case, the ecosystem will thrive so much that users would not want to burn their tokens.

Notably, the lead had earlier emphasized the importance of mainstream adoption for the Shiba Inu ecosystem. In a communication last week, Kusama argued that the widespread Shiba Inu utility would increase prices and draw major centralized exchanges to the ecosystem.

Kusama noted that it is on the adoption premise that the Shiba Inu ecosystem launched liquid staking and other exciting features. He also insisted that new use cases for Shiba Inu and other tokens in the ecosystem were equally important.

Meanwhile, the burn rate question followed Kusama’s inquiry about some topics the community wanted him to address in his podcast. The lead has periodically used this approach to address pressing issues within the Shiba Inu ecosystem.

Raoul Pal Says Most Wild Thing is That Dogecoin is Harder Money than Bitcoin, Expects DOGE to Outperform BTC

Sam Wisdom Raphael
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Raoul Pal Says Most Wild Thing is That Dogecoin is Harder Money than Bitcoin, Expects DOGE to Outperform BTC

Market veteran Raoul Pal insists Dogecoin is harder money than Bitcoin, predicting the meme coin will continue outperforming the industry’s firstborn asset.

Pal made this assertion during a recent market analysis, in which he compared Dogecoin’s historical price performance with Bitcoin. Notably, Pal confirmed that Dogecoin has performed better than Bitcoin since its launch in December 2013.

Dogecoin Has Outperformed Bitcoin Since Launch

For context, Dogecoin debuted with a market price of $0.00056 in December 2013. However, the meme coin soared to a new peak of $0.0187 in January 2018 before retracing and consolidating for over two years.

Amid Elon Musk’s comments, Dogecoin skyrocketed to a new all-time high of $0.7390 in May 2021 during the bull run at the time. Following a correction in 2020 and early 2023, DOGE has now recovered some of its losses, having skyrocketed to the current price of $0.4270.

At the current price, Dogecoin has increased 76,150% since its debut in December 2013. Meanwhile, at the time, Bitcoin traded for $1,206. With the pioneering crypto asset now changing hands at $98,070, it is up 8,031% since December 2013.

This confirms DOGE has outperformed BTC within the same timeframe. Citing this shocking reality, Pal argued that Dogecoin, despite its inflationary model and meme coin nature, is harder money than Bitcoin. The market veteran predicts that DOGE could continue to perform better than BTC.

Dogecoin Against Bitcoin CoinMarketCap
Dogecoin Against Bitcoin | CoinMarketCap

Pal Believes DOGE Could Continue Outperforming BTC

He shared a DOGEBTC chart showing that DOGE has increased from 0.00000066 BTC in December 2013 to the current figure of 0.00000437, marking a 562% gain against Bitcoin since launch. Most recently, DOGE has also outperformed BTC by 90% amid the ongoing rally this month.

While Pal expects this trend to continue, he failed to present any specific price targets. However, data from the chart shows Dogecoin has recently broken out of a descending channel structure on the BTC chart amid the recent November gains, suggesting further upside is on the horizon.

DOGEBTC 1M Chart Raoul Pal
DOGEBTC 1M Chart | Raoul Pal

Also, in a previous report, Pal asserted that Dogecoin was one of the next crypto assets to rally in a phase he calls the “Great Banana Rotation.” Should this occur, the meme coin could witness a massive upsurge similar to the 2021 rally.

Meanwhile, Arthur Hayes, founder and former CEO of BitMEX, is also bullish on meme coins such as Dogecoin. In a recent episode of the Alpha First podcast, Hayes argued that a Dogecoin rally to $1 is feasible. This would mark a 134% increase from current prices. Hayes also expects BTC to reach $100K this year and $250K next year.

Expert Says XRP Reaching $100 is Very Possible, Ditches Market Cap Concerns

Abdulkarim Abdulwahab
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Expert Says XRP Reaching $100 is Very Possible, Ditches Market Cap Concerns

Armando Pantoja, an angel investor active in crypto since 2011, recently challenged the prevailing skepticism around the potential for XRP to hit $100.

Pantoja took to social media to address critics who argue that XRP’s market cap would make such a price unattainable. He drew a compelling analogy between the future potential of XRP and the early days of the internet.

He argued that dismissing the possibility of XRP reaching $100 based on market cap is akin to the arguments in the 1990s that the internet couldn’t become a dominant force simply because only a fraction of homes owned personal computers.

“People adopt, things change, and the world adapts,” Pantoja wrote, urging crypto investors and enthusiasts to think beyond the present constraints of the market.

He emphasized that the path to mass adoption, whether for cryptocurrency or new technologies, often unfolds in unexpected ways. A testament to this is the explosive growth of the internet over the past few decades.

The comments come as XRP continues to pull stellar performance in the ongoing bull market, prompting many to issue bold targets while others call for caution. 

XRP Must Rally 6,750% to Reach $100

XRP is worth $1.46 today after seeing its value explode by 185% in the past three weeks. It even traded at $1.6216 over the weekend, marking its first time reaching that price in three years.

However, attaining $100 requires XRP’s value to expand by 68-fold or 6,750% from its current level. Moreover, at a $100 price, XRP would command a market cap of $5.7 trillion and a fully diluted cap of about $10 trillion.

Some ambitious analysts have suggested that XRP could surpass this threshold even this season. However, critics have challenged the ambition, citing that a trillion-dollar cap for XRP is far from feasible for XRP at this time.

Drawing Parallels with Bitcoin’s Rise

XRP proponents often remind critics that similar doubts were voiced about Bitcoin in its early years—such as claims that Bitcoin could never reach $10,000.

Notably, Bitcoin traded as low as $0.04865 back in July 2010, just 14 years ago. Today, even the $100K price point for Bitcoin is within reach, as it currently trades around $98K with a market cap of $1.95 trillion.

Essentially, XRP enthusiasts draw inspiration from Bitcoin’s rise, believing that a $100 price and beyond could be feasible for XRP someday in the future.

While community commentators like Pantoja are deeply optimistic about XRP reaching $100, he has stated that this threshold could remain elusive for at least another five years—unlike others who argue it’s attainable by 2025.

“Tech takes time,” he said, adding that he expects XRP’s peak for this bull season to be around $8 to $20.

XRP to $100 in five years
XRP to $100 in five years

Ripple CLO Shares Victory Tweet, Is Settlement With SEC Coming?

Elendu Benedict
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Ripple CLO Shares Victory Tweet, Is Settlement With SEC Coming?

Speculations of a Ripple settlement with the US Securities and Exchange Commission (SEC) have gained momentum following a victory tweet from CLO Stuart Alderoty.

Rumors have made the rounds within the XRP community since SEC chair Gary Gensler announced retirement plans on November 21. The speculations have attracted notable crypto enthusiasts like Ben Armstrong, aka BitBoy, who threw in his thoughts on the latest twist.

Meanwhile, the settlement rumors may have gained more credence after a thought-provoking tweet from Ripple’s chief legal officer, Stuart Alderoty. In a November 23 update, Alderoty hinted that the years-long legal battle is nearing its end.

Victory Bells in Order?

Alderoty’s tweet made claims of victory, with the attorney suggesting “victory has a thousand fathers.” He further commended the efforts of Ripple CEO Brad Garlinghouse, chairman Chris Larsen, and the entire legal team, who stood their ground against the SEC and Gensler.

Furthermore, Alderoty insisted that Ripple has provided the blueprint for defeating Gensler’s regulatory tyranny, and the firm’s resilience ensured that the crypto industry “survived.” Lastly, the CLO applauded XRP enthusiasts, who have supported Ripple’s endeavors throughout the years.

Meanwhile, the tweet sparked speculation among the XRP community, which saw it as a confirmation of widespread rumors of an imminent Ripple settlement with the SEC. Joy further erupted among enthusiasts following a tweet from TechCrunch founder Michael Arrington.

The Arrington XRP Capital founder retweeted Alderoty’s post, noting that the statement suggesting Ripple provided a blueprint to defeat Gensler was in order. He then got the XRP community buzzing in another tweet, stating that today (Monday) is the day.

XRP Continues to Consolidate

Despite growing speculations of a likely Ripple settlement with the SEC, XRP has continued to consolidate below its multi-year high of $1.62, attained over the weekend. Notably, a similar development—Gensler’s imminent retirement—spurred its price uptick to the price mark.

At the time of writing, XRP trades at $1.46, up less than 1% in the past 24 hours. Meanwhile, community sentiments remain largely bullish, with CoinMarketCap showing 87% of enthusiasts expect more upsides for the sixth-largest cryptocurrency by market cap

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