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Here’s the Double-Digit XRP Target After Breaching a 7-Year Symmetrical Triangle

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XRP might be targeting an ambitious two-digit price mark after breaching a 7-year symmetrical triangle on the weekly chart.

This is according to a recent analysis from prominent market commentator Ali Martinez (Ali Charts). The analyst suggested that despite the ongoing consolidation phase, XRP is currently in a bullish position, and an imminent run to $15 could be on the horizon.

For context, after its impressive 580% rally from $0.50 in November 2024 to a seven-year peak price of $3.4 in mid-January 2025, XRP witnessed a massive correction alongside the rest of the crypto market. However, despite this pullback, it has held above $2, still 440% up from the November 2024 price.

Interestingly, amid the pullback and subsequent consolidation, Martinez has identified that the bulls are still in control. Notably, during the 580% rally, data suggests XRP broke out what appears to be a symmetrical triangle on the weekly chart.

XRP Targets $15 After Symmetrical Triangle Breakout

While the analyst called attention to this triangle, he expressed uncertainty. However, if the structure is indeed a symmetrical triangle, Martinez believes XRP has already broken out. Currently, the asset has sustained the breakout despite the pullback in February.

Data from the chart indicates that the symmetrical triangle formed when XRP collapsed from the $3.8 all-time high price in January 2018. The altcoin first attempted a breakout when it soared to $1.96 in April 2021, but the bears mounted intense resistance at this level.

XRP 7-Year Symmetrical Triangle Ali Charts
XRP 7-Year Symmetrical Triangle | Ali Charts

However, the latest attempt appears to have been successful. Martinez sees XRP building on this momentum to reach the $15 price. With XRP currently changing hands at $2.71, the asset would only need to increase by an additional 453% to claim this $15 price mark.

In his chart, Martinez identified several levels XRP would need to surpass before claiming the $15 region. First, the altcoin must reclaim $2.75, representing the Fib. 1 level. From here, XRP has to conquer the 1.272 Fibonacci extension at $6.08 before hitting the $9.22 price (Fib. 1.414) and then pushing to the $15 mark.

Interestingly, other analysts have also projected an XRP surge to $15. Bobby A suggested that if XRP can mirror only 50% of its 2017 upsurge, the asset could hit $15. Last August, a community figure asserted that while overly ambitious targets like $1,000 are unrealistic, a $15 price is readily achievable.

This Popular Analyst Just Made A Huge SOL Prediction. Is This The Start of A New Bull Run For Solana?

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Solana is gaining traction as analysts and investors watch for signs of a breakout. Mert Mumtaz, a well-known expert, believes Solana could hit a trillion-dollar market cap – we’ll go through a detailed analysis below. 

Another project we’ll talk about is PlutoChain ($PLUTO), a hybrid Layer-2 solution that could make BTC more practical for everyday payments. 

Here’s what you need to know.

Solana Price Prediction: Can Solana (SOL) Surge to New Highs After This Bold Analyst Prediction?

Solana has been picking up momentum, and many experts, including Mert Mumtaz, CEO of Helius Labs, see huge potential for its future. Mumtaz has been vocal about Solana’s speed, efficiency, and ability to scale, which make it a strong contender for mass adoption. 

He believes Solana could hit a trillion-dollar market cap within five years, with its price going over $500. One big boost came from the launch of the $TRUMP token, which led to over 5.3 million transactions in just 24 hours. This showed how well Solana can handle high traffic.

Another exciting development is speculation about a Solana-based ETF (Exchange-Traded Fund). If approved, it could bring in major institutional investors and make it easier for big players to invest in SOL.

Future Trends says that Solana may pull back to the $190 level before potentially rallying, based on a bullish structure on the 30-minute chart.

PlutoChain ($PLUTO) Is The Hybrid Layer-2 Upgrade That Could Finally Make Bitcoin a Mainstream Payment Solution

Bitcoin may be the most popular cryptocurrency, but slow transactions, high fees, and limited flexibility make it hard to use for everyday payments. PlutoChain ($PLUTO) may be able to fix that. As a Layer-2 solution, it could make Bitcoin faster, cheaper, and more practical. 

Instead of the usual 10-minute block times with Bitcoin, PlutoChain offers block times of just 2 seconds on its own network. That could mean instant payments, smoother remittances, and small transactions. Another big benefit is lower fees. Bitcoin’s costs can be too high for small purchases, but PlutoChain could keep fees low, which might make BTC easier to use for businesses and everyday transactions.

PlutoChain might also expand Bitcoin’s potential beyond payments. With Ethereum Virtual Machine (EVM) compatibility, it could connect Bitcoin to DeFi platforms, NFT marketplaces, and AI-powered blockchain applications.

Scalability is another key feature. During testing, PlutoChain handled over 43,200 transactions in a single day, which shows it can support high demand. PlutoChain has been audited by SolidProof, QuillAudits, and Assure DeFi, with ongoing stress tests and code reviews to keep the network safe.

Unlike Bitcoin’s system, which is controlled by miners and developers, PlutoChain lets users propose and vote on upgrades. This could make Bitcoin more decentralized, adaptable, and ready for mass adoption as a real-world payment network.

The Bottom Line

Solana’s growing adoption and talk of a Solana-based ETF show that interest in SOL is growing, with analysts like Mert Mumtaz seeing big potential. 

Meanwhile, PlutoChain ($PLUTO) may potentially fix Bitcoin’s biggest issues, slow transactions, high fees, and limited usability. By making BTC faster, cheaper, and more practical, PlutoChain could help Bitcoin become a real payment option for businesses and DeFi.

Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

The Crypto Gold Rush Has Begun. The Last Dwarfs ($TLD) Presale Could Be The Next 100X Opportunity

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The world of crypto is no stranger to gold rush moments, where early investors strike it rich by discovering high-potential projects before they explode. With Ethereum and Bitcoin consolidating, traders are now shifting their focus toward emerging crypto presales that could deliver 100x gains.

One project leading this new crypto gold rush is The Last Dwarfs ($TLD), a presale that’s quickly selling out as early adopters rush to secure their share of what could be the next big success story. But what’s behind $TLD?

A Lost Kingdom, A Battle for Riches. The Story Behind The Last Dwarfs ($TLD)

Long ago, the dwarfs ruled over a vast underground empire, where gold, gemstones, and magical resources flowed through their mighty mines. Their civilization flourished, powered by their craftsmanship, resilience, and unbreakable will. But their reign was not destined to last. From the depths of the earth, the moles, cunning and ruthless, launched an all-out assault, driving the dwarfs from their own tunnels and seizing the wealth for themselves.

The once-glorious kingdom fell into ruin, its riches buried beneath layers of rock and darkness. But legends tell of a time when the dwarfs would return, stronger than ever, to reclaim what was stolen and rebuild their lost empire. That time is now.

The war has begun. The dwarfs have sharpened their pickaxes, reforged their weapons, and are ready to take back their legacy. Every strike against the rock is a step toward reconstruction, every battle against the invading creatures is a fight for prosperity. The Last Dwarfs is more than a struggle for survival, it’s a story of rising from the ashes, of rebuilding a world greater than before, of turning devastation into dominance.

But just as in any great gold rush, only the first to act will seize the greatest treasures. The mines are deep, the riches are vast, but the dwarfs cannot do it alone. The question remains: will you stand with them in the battle to reclaim the lost kingdom?

Why The Last Dwarfs ($TLD) Could Be the Next 100x Crypto

Just like in The Last Dwarfs’ world, where the dwarfs battle to reclaim the hidden treasures buried deep underground, the real wealth in crypto isn’t found where everyone is looking. While investors chase already-established coins, hoping for another rally, the true fortune lies beneath the surface, where only those willing to dig deeper will uncover the next big opportunity.

The dwarfs knew that the riches weren’t gone, they were just waiting to be reclaimed. And in the same way, the biggest crypto gains don’t come from assets that have already reached their peak, but from those still waiting to be unearthed. This is why early stage projects like $TLD are drawing the attention of investors looking for the next 100x opportunity.

300,000 Dwarfs have already made their choice to stand at the front lines of this new gold rush, securing their place in an ecosystem that is not just another crypto token, but a movement.

The question isn’t whether the next crypto gold rush will happen, it’s who will get there first to claim the biggest rewards. Just as the dwarfs rise to rebuild their fallen empire, early investors in $TLD have a rare opportunity to position themselves before the rest of the market catches on. Will you be among the first to seize it?

The Gold Rush Won’t Last Forever. Will You Strike Early?

Every gold rush in history has followed the same pattern—only those who arrive first claim the greatest riches. By the time the rest of the world catches on, the most valuable treasures have already been taken. The Last Dwarfs ($TLD) is no different.

Right now, the mines are open, the battle has begun, and the early pioneers are securing their stakes. But just as in the world of The Last Dwarfs, hesitation means missing out. As the presale gains momentum and early investors position themselves for massive upside, the question remains:

Will you be the one who strikes gold, or will you watch as others claim the fortune before your eyes?

Join The Last Dwarfs Presale Now Before Prices Increase!

Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

The Top Crypto To Buy Now? Catzilla And These 4 Coins Could Be The Ultimate Jackpot

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In the midst of a vibrant bull market, a few standout cryptocurrencies are capturing the attention of investors. Among these, Catzilla and four other digital coins are emerging as potential gems. With market trends shifting rapidly, these contenders are sparking curiosity and speculation. The crypto community is abuzz, hoping these assets might deliver significant gains.

Catzilla: Roaring Into the Meme Coin Arena With Unmatched Profit Potential

In the ever-evolving world of meme coins, new contenders constantly emerge, and Catzilla is positioning itself as an ambitious player. Drawing inspiration from successful tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE, Catzilla aims to blend viral meme culture with significant financial growth. What sets Catzilla apart is its unique storytelling a giant, Godzilla-like cat wreaking havoc, which taps into the chaotic energy of Japanese kaiju culture. This game-based narrative not only engages gamers but attracts crypto investors looking for the next big thing.

With a fiery combination of anime-inspired chaos and a rebellious mission, Catzilla is rallying crypto enthusiasts and cat lovers, and anime fans to join its movement for a more equitable, decentralized crypto space.

Catzilla is Ready to Disrupt the Market!

Unlike many meme coins that burn bright and fade away, Catzilla is here for the long haul, offering investors real potential with a massive 700% ROI. Catzilla’s presale offers a 14-stage process, giving investors multiple opportunities to buy in early. With each stage, the token price gradually rises.

Unlock Triple Value for Maximum Gains

Catzilla operates on a threefold value proposition: epic gameplay, a unifying mission, and a vibrant community. Players can enjoy a thrilling game experience while earning rewards, all while being part of a growing movement that merges the fun of meme culture with the potential for financial freedom.

Join the Catzilla Revolution

Catzilla positions itself as a symbol of resistance against the greed and manipulation often seen in the crypto world. By embracing its bold and monstrous persona, Catzilla seeks to restore the playful, decentralized nature of meme coins while ensuring a fair and transparent ecosystem for its users.

Join the Feline Frenzy! $CATZILLA Is on the Rise. Claim Your Share Today!

Ethena’s ENA: A New Crypto-Native Dollar Alternative

Ethena introduces ENA, a synthetic dollar designed for the Ethereum blockchain. It aims to be a digital financial solution independent of traditional banks. ENA offers a unique savings tool known as the ‘Internet Bond’. This gives users a way to save in a dollar-denominated option globally. As a crypto-native currency, ENA seeks to provide stability and secure transactions. Its independence from banks is a key feature. In the current market, its potential lies in offering an alternative to regular financial systems. This can be attractive to those seeking digital currency options. However, its success depends on user acceptance and broader market trends.

Fetch.AI: A Decentralized AI and Machine Learning Network

Fetch.AI is an artificial intelligence lab established in 2017. In March 2019, it entered the market through an initial exchange offering on Binance. The project focuses on building a decentralized machine learning platform supported by a crypto economy. It allows users to access AI technology without restrictions by using its open network. Fetch.AI promotes the use of autonomous agents to interact with and optimize various services, including DeFi trading and smart transportation. Its design aims to enhance systems depending on large datasets. Price predictions indicate potential growth, expecting Fetch.AI to reach between $0.808541 and $1.024293 in 2025, and between $0.601469 and $1.190916 in 2030.

Uniswap’s UNI Token and its Role in Decentralized Finance

Uniswap’s UNI token is a key element in the decentralized finance (DeFi) landscape, launched in September 2020. It allows holders to participate in governance, influencing platform changes like fees and token distribution. This initiative was partly a response to competitors like SushiSwap. Uniswap rewarded its early users by distributing 150 million UNI tokens, with many receiving 400 tokens worth over $1,000 at the time. Established in 2018, Uniswap operates on the Ethereum blockchain, using an innovative liquidity protocol that eliminates the traditional order book. This approach enhances user control and security. Currently, it is a prominent DeFi platform with over $3 billion in assets, making UNI an intriguing asset in the market.

Conclusion

ENA, FET, UNI may have limited short-term potential. Catzilla stands out as the ultimate meme coin hero, aiming for financial freedom for all. With a remarkable 700% ROI during presale and triple utility governance, rewards, and staking it invites crypto enthusiasts to join the fight against crypto villains and reach new heights.

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Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Early Pepe Investors Got Rich. Could This Memecoin Be The Next Big One?

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In the crypto space, memecoins have captured the attention of investors seeking substantial returns. A notable top memecoin is Pepecoin (PEPE), which transformed modest initial investments into significant wealth. For instance, an early investor turned a $3,000 investment in PEPE into approximately $73 million within two years.

Building on this trend, ChowWow ($CHOW) has emerged as a new crypto in the memecoin market. Launched on the Solana blockchain, ChowWow distinguishes itself by integrating Play-to-Earn and Stake-to-Earn models, aiming to provide entertainment and financial incentives to its community. As investors look for the next opportunity in the memecoin space, the question arises: Could ChowWow be the next big success story?

Let’s dive into ChowWow’s potential in this article.

The Rise of Pepe ($PEPE): A Case Study in MemeCoin Success

Pepecoin, inspired by the popular internet meme “Pepe the Frog,” experienced a meteoric rise that exemplifies the potential rewards of early investment in memecoins. In April 2023, an investor purchased approximately 49.1 trillion PEPE tokens for $3,000. This investment ballooned to a staggering $73 million in less than two years, achieving a growth of 24,656 times. Even after selling a portion of their holdings, the investor retained tokens worth over $45 million.

The PEPE surge demonstrates that community culture, capital flow, and market sentiment all play a role in memecoin success. Due to this, investors are looking for the next top memecoin that can potentially bring in hundreds or even thousands of dollars, leading to the emergence of ChowWow.

ChowWow ($CHOW): Top Crypto ICO Set for a Huge Rally

Memecoins have become more prevalent in the cryptocurrency space due to their viral marketing and community involvement. At the end of 2024, Solana-based memecoins dominated the market, accounting for 22 of the top 200 cryptocurrencies by market capitalization. CoinMarketCap reports that the market value of memecoins was $73.94 billion, making them the third-highest crypto specialty after DeFi. This indicates the impact of memecoins on the crypto sector.

One crypto ICO gaining much traction is ChowWow, a new Solana-based memecoin that encourages financial independence for all. Unlike other memecoins profiting from hype and speculation, ChowWow offers real utility like a staking pool and a play-to-earn feature. Players receive rewards for in-game achievements on the play-to-earn platform, which can be exchanged for tangible rewards. This encourages community involvement and increases the ChowWow ecosystem’s adoption, making it the best crypto to buy for significant profits.

The $CHOW token is a utility token as it can be used for in-app purchases. The staking pool, which presently provides up to 8–15% APY for staking tokens and adding liquidity to the ecosystem, will also benefit individuals. Each month, $CHOW tokens are used to pay the interest. The goal of ChowWow is to make sure that everyone makes money, drawing inspiration from the Chinese Chow Chow dog breed, which is said to bring luck and prosperity to people.

Like Shiba Inu, the team has introduced a token burn and buyback mechanism to stabilize the price of $CHOW by reducing the supply and causing deflation. The crypto ICO’s price, now available to investors for just $0.008, is expected to rise soon. ChowWow has big ambitions for the future, including introducing its gaming ecosystem, token airdrops, and DEX listings. As part of their expansion strategy, the team also hopes to get listings on significant centralized exchanges, aiming to rank among the top 200 cryptocurrencies worldwide.

Conclusion

The story of Pepecoin illustrates the transformative potential of early investment in memecoins. ChowWow emerges as a promising new crypto, aiming to capture the attention of internet culture and deliver substantial returns to its backers. ChowWow is the best crypto to buy now because of its low pricing and presale advantage. To learn more, visit the link below.

Visit ChowWow Presale

Disclaimer: This article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Glassnode Identifies Next Major Bitcoin Support if BTC Loses $96K

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Market analytics firm Glassnode has identified the next major Bitcoin support level to watch if the bulls lose the current region.

The Glassnode report comes as Bitcoin continues to trade within a critical range, with its price hovering near $96,788. Specifically, the analytics resource emphasized that if Bitcoin loses its grip on $96K, the next major support could be much lower, as there is minimal resilience.

Key Bitcoin Support Levels at $80.1K and $71K

In the report, Glassnode called attention to Bitcoin’s adjusted MVRV Z-Score, an indicator that helps traders gauge price support zones. 

The firm noted that Bitcoin has been holding near its mean level of $96.3K, which marks a major threshold for market stability. According to Glassnode, if the price declines further, bulls might find the next major support at the -1.5 standard deviation (σ) level of $80.1K.

For context, the last time Bitcoin saw the $80,000 region was in mid-November 2024, during the Donald Trump-led market-wide uptrend. Ever since the asset transcended this area, it has held above it, demonstrating resilience during the push to $89,164 in January 2025.

However, Glassnode analysts believe BTC could revisit the $80K level if the current $96K support gives way. In addition, the firm called attention to Short-term holders (STHs). Specifically, the cost basis for this group sits at $92.2K, marking an important level for maintaining the current uptrend. 

Bitcoin Short-Term On-chain Cost Basis Glassnode
Bitcoin Short-Term On-chain Cost Basis | Glassnode

Additionally, the ±1σ bands, ranging between $71K and $131K, represent typical price boundaries. With Bitcoin still trading within this level, bulls maintain some control, but ongoing price action is testing their resilience.

Further, major concern arises from the URPD volume profile, which indicates a liquidity gap below the current support, according to Glassnode’s analysis. 

Few transactions have occurred in this range, suggesting that price movement into this zone could accelerate downward pressure. The -1σ level for STH cost basis, positioned at $71K, sits at the top of this liquidity void, making it a crucial region should Bitcoin’s price dip further.

Entity-Adjusted URPD Glassnode
Entity-Adjusted URPD | Glassnode

Bitcoin Stuck Between Demand and Supply Walls

Meanwhile, market analyst Ali Martinez recently pointed out that Bitcoin is currently stuck between strong demand and supply zones. A demand wall exists between $94,660 and $97,540, where market participants purchased about 1.43 million BTC. 

Meanwhile, he confirmed that a supply wall between $97,650 and $99,470 accounts for about 1.16 million BTC. According to Martinez, a breakout in either direction could set the market trend.

In a previous analysis, Martinez had highlighted a resistance level at $97,530, which BTC has broken and seeks to flip to support. Below $92,110, he said support is weak, with a significant gap stretching from $90K to $70K. This confirms Glassnode’s warning that a failure to hold current levels could lead to deeper price corrections.

Demand Remains Strong

Despite the range-bound movements, on-chain analyst Darkfost noted that Bitcoin demand remains strong. He points to the 30-day moving average (DMA) of the exchange inflow/outflow ratio as a bullish indicator. 

When this ratio falls below 1, it suggests that more Bitcoin is leaving exchanges than entering, often a sign of accumulation. Despite Bitcoin fluctuating within the $90K–$105K range, the continued outflows show strong demand. 

Bitcoin Exchange Inflow Outflow CryptoQuant
Bitcoin Exchange Inflow|Outflow | CryptoQuant

Notably, such trends historically have preceded short-term price increases. However, Darkfost cautions that some of these outflows could come from routine exchange transfers to institutional or custodial wallets.

12 US States Now Hold $330M in Strategy (MicroStrategy) Shares via Public Funds, Quarterly Reports Show

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Public state funds in the U.S. are buying shares of Strategy, formerly MicroStrategy, en masse in potential evidence of a desire for Bitcoin exposure.

At least 12 U.S. public state funds, including pension funds and treasury, have reported ownership of Strategy shares per data compiled by Bitcoin-focused builder Julian Fahrer from recently released Q4 2024 reports filed with the Securities and Exchange Commission (SEC).

These states include Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah, and Wisconsin. In total, they hold $330.5 million worth of shares in the company, which has dubbed itself a Bitcoin treasury firm amid its aggressive acquisition of the leading digital asset.

Strategy holdings among US state public funds
Strategy holdings among US state public funds. Julian Fahrer

California’s State Teacher’s Retirement System and Public Employees Retirement Association boast the largest Strategy shareholdings with $82.8 million and $76.7 million, respectively. Florida’s State Board of Administration Retirement System comes in at a distant third with $46.4 million worth of the Bitcoin proxy’s shares.

The reported Strategy exposure of these public funds follows the firm’s acceleration of its Bitcoin treasury strategy within the quarter, purchasing more of the asset almost every week within the period. This has culminated in the firm holding nearly 479,000 BTC worth over $46 billion at the time of writing.

The data also points to a growing desire for Bitcoin exposure among U.S. states, about 18 of which are already pushing to allow for direct investments in the asset with strategic Bitcoin reserve bills. These states include Florida, Maryland, Texas, and Utah, to name a few.

VanEck recently disclosed that if these bills passed, U.S. states could buy up to $23 billion worth of the leading digital asset.

Expert Says More Upsides as Dogecoin’s Next Breakout Is Not Far Away

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Multiple analyses suggest that Dogecoin has more upsides this cycle despite recent redundancy in the market and on-chain activities.

Dogecoin closed green on the weekly timeframe for the first time in four weeks amid a macroeconomic boost. The prominent meme coin recorded a 6.5% upsurge from its closing price two weeks ago, suggesting it might be building momentum.

The uptrend last week ensured DOGE trades around the 0.618 Fibonacci level as identified by market analyst Ali Martinez. While the prominent meme coin remains around this area, analysis suggests it could see more upside.

Notably, Martinez is not the only analyst suggesting higher prices for the leading meme coin; multiple other commentaries indicate the asset would sustain its recent momentum to unprecedented prices before the cycle ends.

Dogecoin Far from Cyclical Top: Analyst

In a recent post, prominent market analyst Trader Tardigrade identified trends that suggest Dogecoin’s top signal has yet to arrive. His analysis highlighted a relative strength index (RSI) indicator in the 2-week timeframe, which has historically pointed to the meme coin’s top.

An accompanying chart further supported Trader Tardigrade’s argument, as it showed a slight RSI retracement in 2016, followed by a larger regression in the cycle’s top in 2017. A similar pattern played out in the 2021 cycle, accurately indicating the market’s top in both seasons.

2-Week RSI Indicating Cyclical Tops

Meanwhile, Dogecoin is just consolidating with the first RSI retracement for this cycle. As a result, the analyst insisted that the meme coin would target higher prices when the RSI hits similar levels to other cycles, with his chart showing a possible 3,310% surge from the current market price to $9.

Further Confirmation of an Imminent Dogecoin Breakout

KrissPax, a notable Dogecoin enthusiast, further discussed the possibility of an imminent surge for the largest meme coin by market cap. He stated that DOGE has broken out from two consecutive descending channels since late 2023 amid strong upsurge momentum.

The analysis, citing Tardigrade, shows a first breakout from a channel with the February 2024 outburst, peaking at $0.2290 a month later. Notably, the route started forming from Dogecoin’s surge to $0.1075 in December 2023.

Furthermore, the next channel kicked in immediately after the March 2024 peak and consolidated till November. After Donald Trump’s notable election win, the asset broke out to its current cyclical peak of $0.4846.

Meanwhile, KrissPax suggested another breakout is on the horizon, with the bull cycle still in full force. An accompanying chart shows the meme coin could break past $1 with the imminent price outburst.

Dogecoin’s Descending Channel Breakouts

Whale Traction Required

Despite the bullish calls, on-chain activities in the Dogecoin ecosystem remain flat. A recent analysis shows that whale traction towards the meme coin has dropped 88% since mid-November, reflected in the recent price actions.

Dwindling Whale Activities on Dogecoin

If Dogecoin is to regain bullish momentum, activities around its ecosystem, especially among large holders, must resume. In the meantime, Dogecoin trades at $0.2639, down 1% in the past 24 hours.

Bitcoin Sees First Major Outflow in 5 Months, Totaling $430M as Fed’s Hawkish Stance Shakes Crypto Markets

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After nearly five months of uninterrupted inflows, Bitcoin and other crypto asset investment products recorded their first significant outflow, totaling $415 million.

CoinShares highlighted this data in its latest weekly report on crypto investments, particularly the ETF market. The latest figure marks the end of an unprecedented streak of inflows that saw $29.4 billion poured into the sector following the U.S. election.

Notably, the 19-week record of $29.4 billion post-November election surpassed the $16 billion recorded in the first 19 weeks following the launch of U.S. spot ETFs in January 2024. However, the inflow streak ultimately came to an end last week.

According to CoinShares, the sudden reversal followed Federal Reserve Chair Jerome Powell’s hawkish tone during a Congressional meeting and higher-than-expected U.S. inflation data. Notably, these events spooked investors. 

The U.S. market bore the brunt of the withdrawals, with $464 million in outflows. Meanwhile, other regions remained resilient with positive flows. Specifically, Germany’s crypto ETP market recorded inflows of $21 million, Switzerland saw $12.5 million, and Canada registered $10.2 million in inflows.

Bitcoin and crypto inflow by countries
Bitcoin and crypto inflow by countries

Bitcoin Leads Losses While Solana and XRP Gain Ground

As interest rate expectations shifted, Bitcoin saw the largest weekly outflow at $430 million. Interestingly, the BTC market witnessed no corresponding increase in short-Bitcoin positions, which even observed $9.6 million in withdrawals. This suggests investors are pulling capital rather than hedging against further downside.

Despite the broad retreat, altcoins saw continued investor interest. Solana recorded $8.9 million in inflows, leading the altcoin category. The next in line with the largest weekly inflow was XRP-based products, with $8.5 million. Sui investment products also registered a $6 million inflow.

Blockchain Equities Maintain Momentum

While digital asset products faced sell-offs, blockchain equities continued to attract investors. They saw $20.8 million in inflows, bringing year-to-date net inflows to $220 million. 

This indicates that some investors remain optimistic about the broader blockchain industry, even as crypto markets adjust to macroeconomic shifts.

With Bitcoin struggling against macroeconomic pressures, the spotlight is now shifting to altcoins and blockchain stocks, which are holding investor interest in the volatile market.

Binance Not For Sale: Exchange’s Executives Deny Rumors

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The executives of Binance, the largest crypto exchange by trading volume, have denied growing speculation that the platform is for sale.

Amid escalating rumors that Binance is undergoing a change in ownership, its major stakeholders have debunked the speculations. Responses from co-founders Changpeng Zhao (CZ) and Yi He maintained that the exchange was not for sale but could entertain strategic partnerships and corporations.

The rumors came from an X post that claimed Binance is looking to sell off its platform amid growing regulatory difficulties. It also claimed that decentralized exchanges (DEX) seem to be gaining momentum over the exchange, making the long-term viability of Binance’s business unsustainable.

Classical PR Strategy from Competitors

Yi responded to the rumors in a tweet loosely translated from Chinese, branding them a crisis PR strategy from competitors. She noted that Binance and other trading platforms have established themselves as a verified business model in the crypto space, reinstating their sustainability.

Furthermore, the Binance chief customer service officer disclosed that Binance periodically receives inquiries from institutions asking for collaboration. She noted that although the exchange is open to mergers and acquisitions, the enterprise itself is not for sale.

CZ Says “4”

The former Binance CEO also quickly dispelled speculation that Binance was for sale. In his tweet, he reiterated his popular “4” mantra. For perspective, the number originated in 2023, and CZ has persistently leveraged it to discard FUD concerns around Binance and the broader crypto ecosystem.

Meanwhile, speaking further, CZ confirmed the growing interest in Binance amid its giant strides. While the shareholders are not currently considering any offer, the former CEO stated they may allow percentage investments in single digits in the future.

Binance Weathering the Storms

As the leading cryptocurrency exchange by trading volume, Binance has always been in the public eye. While this may come with substantial interest from key institutional players, the platform has had its share of criticisms and scrutiny.

Recently, Binance had to reassure users that it was not selling its crypto stash. Reports made headlines that the exchange had sold a large portion of its crypto assets, including Bitcoin and XRP.

However, the leading trading platform insisted its crypto bags are still intact. It noted the change in reserve balance was a simple adjustment in its treasury accounting process.

Binance has also successfully handled persistent regulatory fallouts, one of which resulted in CZ’s imprisonment for four months and a $4.3 billion fine.