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Here’s Why Bitcoin Price Has Only One Way to Go, and That’s Upward

Sam Wisdom Raphael
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Here’s Why Bitcoin Price Has Only One Way to Go, and That’s Upward

Bitcoin price could keep rising as institutional interest hits new highs in 2025, with demand continuing to outpace the amount of new BTC entering circulation. 

Andre Dragosch, Head of Research for Bitwise Europe, shared fresh data showing how this growing imbalance could lead to long-term price growth. The chart he released highlights just how much institutions have stepped up their buying, especially in the wake of Bitcoin’s 2024 halving.

Institutional Demand for Bitcoin Growing 

Notably, back in 2020, institutions bought 446,350 BTC, just slightly under the 453,318 BTC that miners produced. However, in the years that followed, demand slowed. Between 2021 and 2023, annual institutional purchases dropped well below supply. For instance, in 2022, institutions added only 86,529 BTC to their holdings, while the network produced 332,425 BTC.

Global Institutional Bitcoin Demand and Supply Change Bitwise
Global Institutional Bitcoin Demand and Supply Change | Bitwise

Things changed in 2024. Specifically, after the halving cut new Bitcoin production to 217,771 BTC, institutions picked up 913,006 BTC, more than four times the available supply. This year, the trend has grown stronger. So far in 2025, institutions have procured 545,579 BTC, while miners have produced just 97,082 BTC. The gap keeps widening.

Dragosch pointed out that if institutions keep buying at this rate, there simply won’t be enough Bitcoin to go around. 

Data from Bitcoin Treasuries confirms this growing accumulation trend. By the end of 2024, private companies, public firms, and ETFs held a combined 2,252,936 BTC. Specifically, private companies owned 271,735 BTC, public companies held 694,147 BTC, and ETFs and other fund products controlled 1,287,054 BTC.

Today, just eight months into 2025, these holdings have grown significantly. Notably, private companies now hold 292,375 BTC, an increase of 20,650 BTC. Public companies have added 360,316 BTC, bringing their total to 1,054,463 BTC. ETFs and similar funds now hold 1,468,330 BTC, after buying another 181,276 BTC this year. 

Bitcoin Balances of Various Entities Bitcoin Treasuries
Bitcoin Balances of Various Entities | Bitcoin Treasuries

More Companies Adopting Bitcoin Treasuries 

This massive demand spike comes as more companies step into Bitcoin for the first time. Several major names made their initial purchases in 2025. GameStop bought $500 million worth of Bitcoin in May. In June, Belgravia Hartford, a publicly traded investment firm, added Bitcoin to its reserves. 

Other firms moved earlier in the year. Rumble made its debut Bitcoin purchase in January, and the company’s CEO said they plan to keep adding. In July alone, the market saw a flurry of new entrants. UK-based Abraxas Capital picked up over $250 million worth in a single week. Nasdaq-listed electric vehicle maker Volcon Inc. entered the scene with $500 million. 

Meanwhile, Trump Media, the parent company of Truth Social, announced plans in May to raise $2.5 billion to build a Bitcoin treasury. Also, Bitcoin-native company Twenty One went public with over 43,500 BTC, including 5,800 acquired from Tether.

With this kind of momentum, some experts believe Bitcoin price could hit staggering levels in the coming decade. Andre Dragosch suggested that by year-end 2035, Bitcoin could climb to $1.3 million, $7.2 million, or $13.7 million, using different valuation models. 

Dogecoin Charts Signal Breakout Pattern, $1 Target in Sight

Mark Brennan
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Dogecoin Charts Signal Breakout Pattern, $1 Target in Sight

Dogecoin (DOGE) is showing signs of a potential breakout after forming a bullish rising wedge pattern on the weekly chart. 

In a post on X, crypto analyst Stonk Chris is bullish on Doge’s current set-up, expecting the token to cross the $1 mark according to the current technical patterns. 

For context, Dogecoin is currently trading at $0.2222, a 3.7% rise in the past day. This uptick has pushed DOGE up 7.4% and 27.8% in the past week and month. 

Dogecoin Prints Higher Highs and Higher Lows

A chart from the analyst shows Dogecoin moving within an ascending wedge. This structure is marked by higher highs and higher lows, which began forming after the token bottomed out near $0.055 in late 2023. Since then, DOGE has maintained an upward trajectory, rebounding off its support line and approaching a critical resistance zone.

Chris predicts Dogecoin next move
Chris predicts Dogecoin’s next move

Two rising trendlines frame the wedge. The lower trendline connects key higher lows around $0.057, $0.085, and $0.14, while the higher highs were around $0.22 and $0.45 in March and December 2024. This chart pattern often signals a buildup in price momentum and can precede strong directional moves once the price breaks out.

Breakout Level Sits at Ichimoku Cloud Resistance

Moreover, the current DOGE price is hovering just below the Ichimoku Cloud resistance, which spans from approximately $0.27 to $0.30. This zone has historically acted as a barrier to further gains.

A clean break above the cloud could confirm a bullish reversal and trigger a rally. The projected path in the chart shows DOGE surging to the wedge’s upper bound, potentially reaching $1.10. This would represent a price increase of over 400% from current levels.

Dogecoin Price Targets and Support Levels to Watch

If Dogecoin breaks above $0.30, the next upside targets are $0.45 and potentially $1.10, based on the wedge’s upper boundary. However, failure to break resistance could lead to a pullback.

Meanwhile, key support levels lie near $0.18 and $0.13, where Dogecoin previously found buying interest. Below that, the $0.055 low serves as a longer-term floor.

Other Analysts Predict Next Dogecoin Move

Moreover, prominent analyst Trader Tardigrade noted that Dogecoin has just completed its third point touch at the bottom of its long-term ascending channel on the monthly timeframe, a pattern historically followed by explosive rallies. 

Dogecoin has completed the third point
Dogecoin has completed the third point

The chart shows DOGE repeating a 1-2-3 accumulation phase similar to the 2015–2017 cycle, which led to a Dogecoin rally above $0.018 in 2017, before the 2021 all-time high of $0.74. This latest third touch suggests the end of the current consolidation period, signaling a potential start of a major bullish move. 

If the pattern repeats, DOGE could first target the upper boundary of the channel, which projects a short-term rally to $0.45 and $0.75. Meanwhile, a breakout from here could see Dogecoin testing the $5–$15 range, consistent with past cycles. Notably, TraderTardigrade had earlier predicted a 235% rally to $0.6900 due to the larger consolidation base.

Meanwhile, crypto analyst Dogegod noted that Dogecoin may be set for a major reversal, highlighting a key bounce from $0.188 support on July 15. With momentum pushing DOGE to $0.288, near the top of an ascending channel, Dogegod predicts a 135.7% rise to $0.4854 and a potential breakout past the all-time high of $0.7376.

Sygnum Bank Launches SUI Custody, Trading, Staking, and Lending Services for Institutional Clients

Lele Jima
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Sygnum Bank Launches SUI Custody, Trading, Staking, and Lending Services for Institutional Clients

Following a partnership with the Sui Foundation, Sygnum Bank is offering a range of institutional-grade financial services for SUI. 

The $1 billion digital asset banking group disclosed in a press release that it is offering SUI custody, spot and derivatives trading, staking, and lending solutions exclusively for professional and institutional clients. 

Per the announcement, the initiative involves Sygnum integrating SUI into its banking platform. As a result, the token could enjoy accelerated inflows from asset managers, banks, and financial institutions, potentially boosting its adoption and credibility. 

Executive Commentary

Speaking in a statement, Sygnum’s co-founder, Mathias Imbach, expressed delight about becoming a banking partner of the Sui Foundation. This alliance will expand its access to institutional and professional clients.  

Christian Thompson, the CEO of the Sui Foundation, also commented on the significance of SUI’s integration into Sygnum’s banking platform. Thompson portrayed the initiative as a remarkable development extending SUI’s global reach among institutional investors. 

He also framed Sygnum Bank as an ideal banking partner for the Sui ecosystem, citing its crypto-native expertise and fully regulated infrastructure. 

Institutional Adoption Accelerates 

Launched by a team of former Meta engineers in May 2023, Sui is a Layer-1 blockchain that supports various applications, including instant payments, decentralized finance (DeFi), and real-world assets (RWA) tokenization. 

It has been attracting the attention of financial institutions recently. Earlier this month, Swiss-based AMINA Bank AG made history by becoming the first regulated bank to offer institutional trading and custody for SUI. 

In a separate development, U.S.-based Mill City Ventures III., Ltd. completed a $450 million private placement, with 98% of the proceeds used to establish a strategic SUI treasury. Following the fundraiser, the company procured more than 76 million SUI tokens at an aggregate cost of $277 million. 

Like most crypto assets, top asset managers are also seeking to launch spot exchange-traded funds (ETFs) tied to SUI. As previously reported, major players like Canary Capital and 21Shares are seeking the SEC’s approval to debut SUI ETFs in the U.S. The SEC is currently reviewing these applications. 

SUI Price Reacts to Sygnum Partnership News

News of Sygnum’s partnership with the Sui Foundation has slightly impacted the token’s performance. Before the announcement, SUI was hovering around $3.8. 

However, it spiked immediately to an intraday high of $3.88 after Sygnum announced the token’s integration into its banking platform. At press time, SUI is trading at $3.84, representing a 24-hour increase of 2.56%.  

XRP Futures Activity Spikes in the Past 24 Hours: Here’s What It Means for Prices

Elendu Benedict
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XRP Futures Activity Spikes in the Past 24 Hours: Here’s What It Means for Prices

On-chain leverage activities around XRP spiked in the past 24 hours amid its rally. Are there further implications for its prices?

XRP rallied extensively in the past 24 hours, spurred by several catalysts, including bullish ecosystem development. Specifically, the US SEC and Ripple officially ended their years-long legal battle yesterday, pushing XRP over 11% from $2.99 to $3.38 today before consolidating around the price level.

XRP 24-Hour Volume Spikes 208% to $12.4B

Meanwhile, Glassnode highlighted in a recent tweet that the XRP futures activities spiked with the price uptick. This occurred as market users crave leveraged exposure to the token’s rallying price. The 24-hour volume grew by 208% to $12.48 billion, marking the largest change among major assets in the timeframe.

While its value fell below Bitcoin’s $50.6 billion and Ethereum’s $76.7 billion, it gained the most momentum in the past 24 hours. It also overtook Solana at $9.6 billion and trounced Dogecoin’s $4.9 billion, despite the meme coin’s volume spiking 110% in the past day.

XRP Derivative Data/Glassnode

Notably, Coinglass data shows a heavier volume but with a smaller percentage change for XRP. Derivative volume spiked 161% in the past 24 hours to $18.44 billion, with options volume also increasing 92.6% to $1,970.

XRP Open Interest on the Rise

Interestingly, the open interest—a metric that tracks the value of open futures positions on an asset—also climbed with prices and volume. OI rallied 15% to $5.9 billion, with a positive funding rate of 0.01% suggesting heavy long positions. Glassnode highlighted that this could lead to an XRP liquidation spike if prices retrace to lower levels.

CryptoQuant analyst JA Maartunn further shared a rising XRP OI in his tweet today, identifying a 22% surge in the last 24 hours. Coinglass also confirmed this, displaying that it spiked 17% to $8.94 billion.

XRP OI Change/JA Maartunn

Remarkably, XRP’s OI faced a sharp fall as July wound down, after it surged to an all-time high of $11.2 billion on July 18. Notably, the OI high coincided with its rally to a multi-year price high of $3.66.

However, the aggressive futures interest dwindled quickly, with price momentum following suit. It dropped over 37% to $7.05 on August 3, aligning with XRP’s dump below the $3 price mark. 

Now, with leveraged interest rekindling again, XRP’s price may be on the positive receiving end. In the meantime, XRP trades at $3.31, down slightly from its intraday high of $3.38.

Moreover, with the regulatory hurdle finally behind XRP, analysis suggests XRP could rally to as high as $10 this year. However, some others believe XRP could go higher with a targeted rise to $30 this bull cycle.

Here’s Where XRP Price Could Go if Ripple Reveals All 1,700 Banking Agreements as SEC Case Ends

Sam Wisdom Raphael
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Here’s Where XRP Price Could Go if Ripple Reveals All 1,700 Banking Agreements as SEC Case Ends

With the SEC vs. Ripple case now over, some expect Ripple to reveal the content of its 1,700 institutional NDAs, but how could the XRP price react to such disclosures?

For context, Ripple’s legal fight with the U.S. Securities and Exchange Commission (SEC) has officially ended. Both sides agreed to drop their appeals, bringing nearly five years of legal uncertainty to a close. 

Ripple’s 1,700 NDAs in Focus

With that hurdle out of the way, some experts are now looking at Ripple’s long-standing but mostly secret relationships with major financial institutions. Notably, the firm secured these relationships through over 1,700 Non-Disclosure Agreements (NDAs) signed between 2013 and 2020.

These NDAs involved banks, tech firms, and other institutions and allowed Ripple to hold private talks about integrating XRP into financial systems. Ripple used these agreements to explore how XRP could solve real problems without leaking sensitive information. 

Legal filings during the SEC case brought these NDAs into the spotlight, showing that Ripple had already moved XRP in several commercial deals under strict contracts. The company used this evidence to support its claim that those transactions didn’t qualify as investment contracts.

Now that Ripple no longer faces legal pushback, many analysts believe the company could finally go public with some of these NDA-covered deals. Without the threat of litigation, Ripple has more freedom to showcase its progress and partnerships. 

Possible XRP Price if These Ripple Reveals These Agreements

However, the impact of such disclosures on XRP price remains uncertain. To understand what that price boost might look like, we asked xAI’s Grok for an assessment. At the time of analysis, XRP traded at $3.34. 

In its response, Grok revealed that it expects XRP to reach between $5 and $8 in the next one to three months if Ripple goes public with these agreements. This would mean a 100% to 150% gain from its current price, similar to what happened in July 2023 when XRP doubled in value after a court ruled that XRP isn’t a security.

Short Term XRP Price Prediction Grok
Short Term XRP Price Prediction | Grok

Grok explained that news of real institutional partnerships could boost trading volume and attract more retail and institutional investors. The end of the SEC case and a potential approval of XRP ETFs could lead to even greater momentum.

For the mid-term, Grok expects the XRP price to reach between $8 and $15 over the next six to twelve months. If financial institutions begin to use XRP for payments, liquidity, or settlement, that usage could push demand higher. 

Mid Term XRP Price Prediction Grok
Mid Term XRP Price Prediction | Grok

Then, by 2030, Grok presented a long-term bullish case that sees XRP climbing to anywhere between $20 and $50. According to the chatbot, to get there, XRP would need to become a major part of global finance, powering cross-border transactions and supporting the movement of tokenized assets. 

Long Term XRP Price Prediction Grok
Long Term XRP Price Prediction | Grok

To Grok, if XRP captures just a portion of the $700 billion monthly stablecoin market or the $18 trillion tokenized asset market expected by 2033, its market cap could jump into the trillions, making those higher prices possible.

Here’s How High XRP Could Climb by 2025 End as Ripple and SEC Lawsuit Now Officially Over

Sam Wisdom Raphael
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Here’s How High XRP Could Climb by 2025 End as Ripple and SEC Lawsuit Now Officially Over

AI chatbots Google Gemini and Grok predict XRP price by the end of the year (EOY) as Ripple and the SEC file to officially end their lawsuit.

Ripple and the SEC Officially File to End Their Case

For context, Ripple and the U.S. Securities and Exchange Commission have finally brought their long-running courtroom fight to an end. Both sides filed to withdraw their appeals, closing a legal chapter that dragged on for nearly five years. 

Notably, this development clears one of Ripple’s biggest obstacles since 2020 and gives the company the long-awaited regulatory clarity in the United States.

Interestingly, within hours of the announcement, XRP shot up 12% in less than 12 hours, hitting a new monthly high of $3.37. The price has since hovered around this level, but the sharp rise shows just how much confidence this development has sparked. Now that the legal cloud has lifted, the question is how far XRP can run by the end of 2025.

To assess this, we sought answers from prominent AI models, Google’s Gemini and xAI’s Grok. Both chatbots presented varying projections, highlighting different scenarios depending on adoption speed, market sentiment, and economic conditions.

Gemini Predicts XRP Price EOY

Specifically, in the first scenario, which is its bull case, Google Gemini sees XRP soaring to the $5.50 to $10 range by December 2025. According to the chatbot, in this scenario, the end of the lawsuit leads to a new wave of institutional capital. 

XRP Bull Case Price Prediction Google Gemini
XRP Bull Case Price Prediction | Google Gemini

It suggested major banks, payment processors, and investment funds could begin using Ripple’s ODL solution (now Ripple Payments) on a much larger scale. Further, it noted that an SEC-approved XRP exchange-traded fund (ETF) could also draw in traditional investors. 

Gemini predicts that XRP might first settle between $3 and $4 for a few months before smashing past its all-time high, entering price discovery, and ending the year with a strong rally.

Meanwhile, in the second scenario, Gemini’s base case puts XRP between $4.00 and $5.00 by year-end. Here, adoption still grows but at a slower pace. Financial institutions may take their time integrating Ripple’s tech, and while the market stays bullish, it avoids the euphoric spikes seen in past cycles.

XRP Base Case Price Prediction Google Gemini
XRP Base Case Price Prediction | Google Gemini

However, for the third scenario, the bearish view from Gemini lands XRP between $2.50 and $3.50 by December 2025. This happens if the current rally turns into a classic “buy the rumor, sell the news” event. In this case, the market may have already priced in the lawsuit’s resolution.

XRP Bear Case Price Prediction Google Gemini
XRP Bear Case Price Prediction | Google Gemini

Such a scenario would slow adoption and leave XRP vulnerable if the broader crypto market slips into a correction. Nonetheless, media personality Zach Rector disagrees with the idea that the market has already priced in the conclusion of the case. 

Grok Predicts XRP Price EOY

Notably, in its assessment, Grok focused on the bullish push from the lawsuit’s end. It also factored in Ripple’s growing partnerships with banks and the adoption of its RLUSD stablecoin. 

The AI chatbot expects XRP to land between $5.80 and $6.80 by December 2025, a 50% to 70% jump from today’s level. This prediction assumes there is steady growth, supported by possible ETF approval and broader institutional adoption.

XRP Price Prediction as SEC and Ripple Case Ends Grok
XRP Price Prediction as SEC and Ripple Case Ends | Grok

Meanwhile, Grok also noted there could be potential extremes. To the chatbot, XRP could break past $7.00 and possibly touch $8.00 in a strong bull market with several ETFs approved or major new deals in place. However, on the bearish side, a market downturn or failed ETF bids could trap XRP between $3.50 and $4.50.

XRP Called Commodity in CFTC Filing: Details

Mark Brennan
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XRP Called Commodity in CFTC Filing: Details

A document circulating in the XRP community suggests that the token has been registered as a commodity with the U.S. CFTC. 

Popular community figure Xaif recently shared the document, claiming that XRP has “officially” been listed as a commodity under CFTC Events Contracts.

This claim stems from XRP’s description as a crypto asset commodity. The description has sparked widespread speculation, with some users, including Xaif, asserting that XRP is a commodity rather than a security.

CryptoCom Certifies Its XRP Events Contract

However, a quick search into the filing shows it relates to an application Crypto.com submitted to the CFTC in February 2025.

According to the application, Crypto.com requested to certify its XRP Event Contract under CFTC rules. The filing is similar to the regulatory process Crypto.com used for other event contracts tied to major assets like Bitcoin and Ethereum.

The product, which launched on February 14, is a type of swap that allows users to speculate on XRP’s price over a short timeframe of 20 minutes or two hours.

Not an Official CFTC Declaration

Even though the filing treated XRP as a commodity for the derivative product, it is not an official declaration from the CFTC. This description is similar to how some asset managers, like Bitwise, characterized XRP as a commodity-based trust in their spot ETF applications.

Importantly, the debate over whether XRP is a security or a commodity originated from the lawsuit between the U.S. SEC and Ripple, which has now ended.

During the early stages of the case, the commission alleged that XRP was a security. However, a federal judge dismissed this claim, declaring that XRP is not a security in itself.

The SEC never challenged this declaration, despite appealing some parts of the judge’s ruling. Meanwhile, neither the SEC nor the CFTC has specifically defined XRP’s regulatory status.

In the meantime, the current SEC leadership, headed by Paul Atkins, believes that most crypto assets are not securities. This deviates from the views of the Gary Gensler-led SEC, which considered only Bitcoin a non-security.

Amid the SEC’s changing stance, the Presidential Working Group on Digital Assets recently suggested that the CFTC should regulate cryptocurrencies classified as commodities.

US Vice President Vance Says 100M Americans Will Own Bitcoin Before Too Long

Elendu Benedict
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0
US Vice President Vance Says 100M Americans Will Own Bitcoin Before Too Long

J.D. Vance, the Vice President of the United States, believes that Bitcoin will become a household asset in America in the near future.

Recent reports show that Americans are preferring Bitcoin over well-established assets like gold, and Vance believes this trend will continue. He highlighted that he is bullish on Bitcoin beyond its price action to its intrinsic value as a revolutionary technology.

To that effect, he noted that Bitcoin and crypto adoption will maintain its mainstream adoption in the United States, entering the balance sheet of many more. According to him, 50 million Americans currently hold Bitcoin, and it will extend to 100 million “before too long.”

Why Widespread Bitcoin Adoption Will Persist

Notably, Vance shared these thoughts in his keynote speech at the Bitcoin Conference in May, an event that attracted crypto industry elites. Why would Bitcoin’s adoption reach new highs in the US? Vance noted it was because it is a “genuine” and “ground-up innovation,” which has positively impacted the lives of Americans.

For context, he cited that crypto’s introduction of decentralized finance (DeFi) has revolutionized intra-border and cross-border payment systems in the United States. Notably, this administration has been big on this prospect, with the recently passed stablecoin framework teased to open up better settlement rails for retail and institutional use cases.

Furthermore, Vance mentioned that Bitcoin has banked the unbanked in the US, expanding the reach of financial services to many who would not have had access to them. Notably, many, including crypto enthusiasts, have complained of the unfair requirements and marginalization in the banking system and how blockchain technology has bridged that gap.

The vice president also mentioned crypto’s application in several other aspects of the US economy, including supply chain management and healthcare. Citing these utilities, Vance concluded that an increasing number of Americans will hold Bitcoin soon.

Bitcoin: A Hedge Against Inflation

Interestingly, Vance also mentioned Bitcoin’s crucial use case as a hedge asset. This narrative is gaining momentum in the global market, spurred by BTC’s historical price performance against traditional assets and other currencies.

He called Bitcoin a hedge against inflation and bad government policies, particularly seen in the last four years. Notably, the pioneering cryptocurrency has outperformed most other assets in the past decade, gaining a reputation as a better investment alternative to escape the eroding purchasing power of fiat.

Meanwhile, Vance does not share this sentiment alone; venture capitalist Tim Draper also highlighted this vital quality of Bitcoin. He earlier shared that Bitcoin will be worth an infinite amount against the US dollar in the future.

Notably, Vance also mentioned several other points in his May keynote. He emphasized that Bitcoin is here to stay, as the industry now has a champion in the White House. Furthermore, he insisted that they fired Gary Gensler and would do so to anyone hindering the growth of digital assets in the US.

Cardano Breaks Out of Falling Wedge, Now Eyes $0.95 Resistance

Mark Brennan
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Cardano Breaks Out of Falling Wedge, Now Eyes $0.95 Resistance

Cardano has broken out of a multi-week falling wedge, suggesting a potential shift in market direction. 

The pattern, identified by the analytical account My Crypto Paradise, indicates that ADA now faces key support and resistance zones that could determine whether the move gains momentum or fades.

The falling wedge formation had constrained ADA’s price action for several weeks. The breakout, if sustained, could signal renewed interest from buyers. However, the analyst cautions that such moves can sometimes trap late entries if not supported by strong follow-through.

Cardano Support Zone Under Watch

The analyst noted that the $0.7300–$0.7450 area is now acting as the first major support level. This zone must hold to confirm the bullish structure. A failure to stay above this range could push the price back into a broader demand area between $0.6700 and $0.7100.

Cardano technical analysis
Cardano technical analysis

If ADA falls below $0.6600, this would invalidate the wedge breakout. Such a move could shift the outlook to bearish and increase selling pressure.

Notably, Cardano is trading at $0.8021, a 7.9% surge in the past day. The token has now seen an 11% surge in the past week, increasing its uptick to 34.6%. 

Cardano’s Key Resistance Levels Ahead

On the upside, My Crypto Paradise identified $0.8600 as the first minor resistance point. Beyond that, the real test lies between $0.9300 and $0.9500, a historically strong resistance zone.

This level could attract profit-taking from traders who entered lower and also serve as a re-entry point for short-sellers. The outcome of ADA’s attempt to break through this zone may determine the mid-term trajectory of the token.

The analyst noted that technical indicators are beginning to support the bullish thesis. The Relative Strength Index (RSI) has turned upward, signaling improving momentum and buyer participation. Still, the analyst urges traders to manage risk carefully, especially given the potential for price rejection at higher levels.

Analyst Targets $2.0 to $2.5 for Cardano

Meanwhile, another chart shared by analyst CryptoGnojek also confirmed Cardano had broken out of a falling wedge pattern, signaling a bullish reversal. The analyst noted that ADA is now targeting the $2.00 to $2.50 range, with the breakout suggesting a possible extended rally. 

Analyst gives ADA next target
Analyst gives ADA the next target

He highlighted key Fibonacci retracement levels, with immediate resistance at $0.917, followed by $1.35 and $1.699. The primary target lies at the 0.618 Fibonacci level of $2.049, with the upper resistance zone extending to $2.546. 

Further target includes $3.180, while the full extension at $5.010 represents a long-term bullish scenario. The breakout is a crucial turning point, but ADA must hold above support and clear near-term resistance to confirm the reversal.

Notably, prominent analyst Ali Martinez had earlier identified Cardano’s potential targets at $3.09, $4.19, and as high as $6.25 if the pattern repeats. He compared ADA’s current price action to its 2020–2021 bull run, noting structural similarities despite a slower pace. 

Shiba Inu 589% Surge Possible If It Trades Above This Make-or-Break Zone 

Mark Brennan
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0
Shiba Inu 589% Surge Possible If It Trades Above This Make-or-Break Zone 

Shiba Inu (SHIB) is retesting a critical price range that has acted as a support base since early 2022. Actions at this level will determine if it could soar to higher grounds from here.

According to technical analyst Crypto Nuclear, the current level between $0.00001090 and $0.00001190 is a major demand zone. What happens next could define SHIB’s trend for the remainder of the year with a possible price surge up to $0.00008836.

Shiba Inu Returns to Key Demand Zone; Upside Targets if Support Holds

Crypto Nuclear called attention to the long-term support area. The range has been tested multiple times since 2022, each time helping to stabilize the price and absorb selling pressure.

Shiba Inu testing make or break zone
Shiba Inu testing make-or-break zone

The analyst emphasized that this zone marks a decisive point in the trend, where bullish participation is essential to maintain the market structure. The repeated retests of this accumulation zone are setting the stage for a breakout if the support continues to hold.

If SHIB maintains its position above $0.00001190 and attracts stronger buying interest, several upside resistance levels may come into play. The first is $0.00001580, followed by what Crypto Nuclear termed as mid-term bullish targets: $0.00001940, $0.00002400, and $0.00003338.

The analyst projected $0.00007870 and $0.00008836 as the long-term target, a 514% to 589% uptick from the current price. This area is a key supply zone and aligns with previous SHIB price peaks.

Notably, Shiba Inu is trading at $0.00001281, a 3.5% rise in the past day, increasing its monthly gain to 8.3%. A confirmed breakout above $0.00001580, particularly with increased volume, could signal a trend reversal and possibly end the extended consolidation.

Risk of Breakdown Remains for Shiba Inu 

Despite signs of accumulation, the risk of a bearish breakdown is still present. If SHIB drops below $0.00001090, it could signal trend weakness and trigger a deeper correction.

Crypto Nuclear identified lower support zones at $0.00000900, $0.00000700, and $0.00000550. A fall into this range may suggest the market is shifting from accumulation to a distribution phase, where lower lows become more likely.

Crypto Nuclear suggests the current structure resembles a Wyckoff-style spring, a pattern that typically precedes bullish expansion. This setup involves a fake-out below support before a sharp rally begins.

Other Analysts Predict Shiba Inu’s Price 

Meanwhile, according to analyst Javon Marks, Shiba Inu may be preparing for a breakout after confirming a bullish divergence on the two-day chart. Marks projects a 156% rally from the confirmation level near $0.0000125, targeting $0.000032, a level not seen since March 2024. 

Meanwhile, analyst Jonathan Carter noted that Shiba Inu is now consolidating above a key support zone between $0.00001050 and $0.00001250, an area that has historically attracted buyer interest.

Carter views this as an accumulation phase and says holding this support could lead to a sustained rally. He identifies potential resistance targets at $0.00001400, $0.00001750, $0.00002050, and $0.00002500.

Jonathan Carters target for SHIB
Jonathan Carter’s target for SHIB

Notably, Shiba Inu could see a 516% surge if its market cap hits $45 billion, according to Jake Gagain. This would push the price to $0.00007636, nearing its 2021 peak. From June’s low of $0.00001004, the move would mark a 660% gain. Analyst Hunters Company shares a similar target, citing a rebound from key support.

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