Home Blog Page 996

Shiba Inu Lead Seeks Ethereum Founder’s Support to Give SHIB ‘True Global Adoption’

Lele Jima
-
0
Shiba Inu Lead Seeks Ethereum Founder’s Support to Give SHIB ‘True Global Adoption’

Shiba Inu leader Shytoshi Kusama has reached out to Ethereum co-founder Vitalik Buterin, expressing a strong desire for a conversation to drive SHIB adoption globally. 

Kusama is not relenting in his quest to discuss with the Ethereum co-founder as he makes a fresh request for a conversation. The Shiba Inu leader made the request over the weekend in reaction to a post from Buterin regarding ongoing changes to the Ethereum Foundation leadership structure. 

Ethereum Foundation Will Remain Neutral in Crypto Lobbying Efforts: Buterin

In the X post, Buterin revealed that the leadership restructuring has been ongoing over the past year. He explained that the restructuring goals include improving technical expertise within the foundation’s leadership.

Additionally, the goals involve enhancing communication between the foundation leadership and ecosystem actors. The restructuring also aims to bring in fresh talent, increase support for app developers, and improve execution speed.

Interestingly, Buterin clarified that the foundation does not plan to shift its ideological stance. It will remain neutral in lobbying regulators and political figures. The foundation will not become a platform for vested interests, nor will it play the role of a central actor within the Ethereum ecosystem.

He emphasized that the Ethereum Foundation will remain a neutral and decentralized entity while urging those with different visions to create their own organization.

Shiba Inu Reacts to Buterin’s Message

Buterin’s post elicited reactions among crypto enthusiasts, with top stakeholders sharing their opinions. The post, viewed 6.7 million times on X, has attracted over 5,600 comments and 18,000 likes. 

Notably, Shiba Inu’s Kusama was among the top crypto stakeholders who commented. However, he deviated from the main message to request a dialogue with the Ethereum co-founder. 

In his post, Kusama highlighted Shiba Inu’s achievements to showcase its potential and success. In particular, he noted that SHIB is the number one altcoin on Ethereum, adding that its Layer-2 solution, which was built on Ethereum, has processed over 800 million transactions. 

Kusama Seeks Global Adoption for Shiba Inu 

Furthermore, Kusama emphasized that the Shiba Inu community aims to discuss with Buterin and the Ethereum Foundation to gain their support in achieving true global adoption for SHIB. Kusama suggested that he would like this conversation to take place in the coming weeks. 

Meanwhile, in a follow-up tweet, the Shiba Inu leader expressed frustration with Buterin’s refusal to respond to his request. He emphasized that despite receiving over 200 responses, the Ethereum co-founder has yet to respond. 

Past Efforts to Discuss with Buterin 

It bears mentioning that Kusama has reached out to Buterin multiple times for a conversation. He made a request on November 1, 2024, after Buterin claimed Dogecoin (DOGE) deserves to be the second-biggest cryptocurrency globally. 

This infuriated SHIB enthusiasts, with Kusama asking the Ethereum co-founder for an opportunity to showcase Shiba Inu’s potential in a 10-minute pitch. A week later, Kusama made another request for a conversation, asking Buterin whether the 10-minute discussion would happen anytime soon. 

Despite Buterin ignoring these requests, Shiba Inu community members have been resilient in trying to gain his attention. Kusama has once again made another request to converse with Buterin. This time, he needs his support and that of the Ethereum Foundation to achieve true global adoption for Shiba Inu. 

Kusama Envisions SHIB Hitting $1T Market Cap 

Kusama’s push for global adoption is imperative to propel Shiba Inu to a market cap of $1 trillion, which he believes will happen someday. Recall that the Shiba Inu leader made the $1 trillion projection last year. At the time, he revealed plans to make Shiba Inu the first trillion-dollar decentralized entity in the world. 

Last week, he issued a similar forecast, asserting that many will be surprised when SHIB potentially hits a market cap of $1 trillion. At this valuation, Shiba Inu could rival Ethereum, especially if ETH fails to see a comparable price surge.

“Bitcoin: Hard Money” Author Predicts XRP Price After Trump Takes Over

Sam Wisdom Raphael
-
0
“Bitcoin: Hard Money” Author Predicts XRP Price After Trump Takes Over

Jason A. Williams, author of “Bitcoin: Hard Money You Can’t F*ck With,” predicts XRP price after President-elect Donald Trump’s inauguration.

With the imminent arrival of the forthcoming Donald Trump administration, the broader crypto community believes asset prices could skyrocket on the back of the pivotal event. However, the actual extent of this anticipated rally remains uncertain.

Jason A. Williams, a crypto investor and FOX Business contributor, recently noted what he believes could be the prices of some of the major crypto assets amid this upsurge. The market analyst revealed his price predictions for Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL), the top four assets, in a disclosure on X.

Williams Predicts XRP Price After Trump’s Inauguration 

According to Williams, XRP’s price could spike to $6.9, which is double its 2018 all-time high, following Donald Trump’s inauguration. It bears mentioning that XRP was one of the biggest beneficiaries of the Trump-induced market-wide rally from early November to early December 2024.

For context, after Trump’s victory in the November election, XRP skyrocketed from an average price of $0.50 on Nov. 4, 2024, to a new seven-year top of $3.4 on Jan. 16, 2025. This run essentially marked a 580% increase within a month and a half, representing XRP’s biggest rally in years.

Now, with Trump’s inauguration around the corner, analysts believe the altcoin could record another leg up. Interestingly, at press time, XRP’s price had already breached the $3 level, and a more substantial rally from this region could help it break above the 2018 all-time high easily.

Amid the optimism, Williams has predicted the $6.9 target for the XRP price. Notably, XRP would need to rally by a mere 121% from its current level to reach the $6.9 price. This projected growth is nearly 5 times less than XRP’s 480% upsurge following Trump’s election win, making the $6.9 price readily feasible.

Price Predictions for Other Assets

Besides XRP, Williams is also bullish on two of the three remaining top crypto assets. According to his disclosure, Bitcoin could rally further to a price of $250,000 after Trump’s inauguration. This would mark an additional 145% increase for the firstborn crypto after an initial 55% rise following the election victory.

Jason Williams on X
Jason Williams on X

In addition, Williams expects Solana to rise 719% to a lofty price of $2,000 after a mere 58% surge from early November to December 2024. Meanwhile, the market pundit is bearish on Ethereum, the altcoin king, predicting the asset will continue its consolidation pattern at $3,000 even after Trump’s inauguration.

Solana Price Analysis: Will SOL Price Cross $300 This Week?

Albert Brown
-
0
Solana Price Analysis: Will SOL Price Cross $300 This Week?

Solana starts the week with a fresh wave of recovery, aiming for a new all-time high and potentially crossing the $300 mark.

As the crypto market rebounds after a bearish Sunday, with Bitcoin hitting a new all-time high at $109,000, Solana is experiencing a massive surge in demand.

With an intraday gain of nearly 7%, Solana has rebounded to $270 after a dip from setting an all-time high at $295.

Although Solana ended Sunday on a bearish note with a 3.68% drop, the intraday gain has formed a bullish engulfing candle, effectively negating the correction phase.

Accordingly, buyers are regaining control. With a lower price rejection and a new bullish rally underway, could Solana surpass the $300 mark?

Solana Price Analysis

The daily chart reveals a bullish breakout above a local resistance trendline. This breakout is reinforced by a double-bottom reversal near the $175 mark, signaling strength.

Solana Price Chart
Solana Price Chart

With buyers maintaining dominance above the 200 EMA line, Solana has seen an impressive 58% price surge over the last seven days. Beginning from the $169.22 low, the current market price has nearly increased by 60%.

The bullish rally has produced a series of consecutive bullish candles in the daily chart over the past week. Despite the all-time high on Sunday, the daily candle closed on a bearish note, breaking the streak of bullish candles.

Nonetheless, the technical indicators remain optimistic. During the recovery, the 50 and 20 EMA lines have crossed positively, indicating continued upward momentum. Additionally, the daily RSI has entered the overbought zone, lending further credibility to bullish predictions.

SOL Price Targets

Using the Fibonacci levels, the upcoming price targets for Solana remain $286 and $317. This suggests that the ongoing rally has a strong potential to surpass the $300 psychological mark.

On the flip side, the crucial support level for Solana remains the $244 horizontal level at the 78.60% Fibonacci level.

Ethereum Price Analysis: Will Bullish Momentum Drive a 25% January Rally?

Albert Brown
-
0
Ethereum Price Analysis: Will Bullish Momentum Drive a 25% January Rally?

After the bears took control last night, Ethereum shows signs of a potential reversal from key support levels. Could this reversal drive ETH price towards a channel breakout rally?

Volatility in the altcoin market surged overnight, with the total crypto market cap, excluding Bitcoin, falling 5.10% to $1.44 trillion. Amid increased volatility, Ethereum saw a significant pullback of 2.85%.

This indicates a higher price rejection from the 24-hour high of $3,445, forming a bearish candle. Could this short-term correction lead to a decline to $3,000 for Ethereum?

ETH Price Analysis

Ethereum is currently forming a falling channel pattern on the daily chart. However, strong support at the 50% Fibonacci level of $3,158 has helped Ethereum bounce back.

Ethereum Price Chart
Ethereum Price Chart

With lower price rejection in the two intraday candles, Ethereum has regained its footing, now trading at $3,290—an intraday gain of 2.51% from the opening price of $3,211.

Additionally, the current reversal from the overhead trendline suggests a potential continuation of the downtrend toward the local support trendline. However, the lower price rejections hint at a possible double-bottom reversal near the 50% Fibonacci level.

The daily RSI shows a strong bullish divergence, supporting the potential for a double-bottom reversal. However, the recent surge in selling pressure has led to a bearish crossover between the 20-day and 50-day EMA lines.

Ethereum Open Interest Hits $31.45 Billion

As volatility persists, the derivatives market is signaling that Ethereum is at a crossroads. Ethereum’s open interest has increased by 0.55%, crossing above the $31 billion mark, currently standing at $31.45 billion.

However, the long-to-short ratios remain significantly bearish at 0.9554. Nevertheless, the funding rate of Ethereum has increased to 0.0108%. This reveals the bullish confidence of traders to hold onto their long positions despite the recent volatility

Ethereum Price Targets

With the intraday recovery of 2.51% following the two consecutive bearish candles, Ethereum is revealing strong bullish support at critical levels. Hence, Ethereum could see a falling-channel breakout rally if the bullish recovery gradually gains momentum as the broader market stabilizes.

Based on Fibonacci levels, this breakout rally would likely challenge upcoming critical resistance at the 78.60% and 100% Fibonacci levels, priced at $3,692 and $4,091, respectively.

This suggests an upside potential of 25% for Ethereum in January. On the other hand, a close below the 50% Fibonacci level and the 200-day EMA line could lead to a retest of the 38.20% Fibonacci level at $2,937, putting the psychological $3,000 mark at risk.

CNBC Crypto Trader Calls XRP the Biggest Meme Coin with $320B FDV

Abdulkarim Abdulwahab
-
0
CNBC Crypto Trader Calls XRP the Biggest Meme Coin with $320B FDV

Ran Neuner, a widely followed CNBC Crypto Trader, has boldly labeled XRP a meme coin— and not just any meme coin, but one with the largest market cap.

Neuner shared this view in a post on X today, identifying what he believes are the top meme coins in the market. This comes amid the rise of a new contender, TRUMP, which gained prominence shortly after launch and is now rivaling meme coin market leader Dogecoin.

In his tweet, Neuner ranked XRP at the top of his list of the biggest meme coins by fully diluted valuation (FDV).

CNBC trader calling XRP a meme coin
CNBC trader calling XRP a meme coin

XRP is the third-largest cryptocurrency, behind Bitcoin and Ethereum, with a market cap of $188 billion. However, when considering XRP’s total supply of 99.98 billion, its FDV stands at $327 billion.

While XRP is widely recognized as a utility crypto asset, Neuner now claims it functions similarly to meme coins like Dogecoin, which has a market cap of $57 billion.

Furthermore, Neuner also placed Cardano (ADA) in this category, citing its $47 billion FDV. Another notable utility coin that made it onto Neuner’s supposed list of biggest meme coins is Hedera (HBAR).

Recent Spike in Critical Assessments of XRP

XRP and Cardano have not been the subject of critical categorization from prominent market commentators for the first time. This has been a recurring trend and has gained momentum in recent weeks, particularly as these coins have seen surging values.

For example, in August, macro investor Raoul Pal publicly stated that XRP and Cardano were “dead” due to their underperformance during the bull run at the time. However, Pal has since revised his perspective on XRP, even apologizing to the XRP Army.

Likewise, Bitcoin maximalist Davinci Jeremie, who previously argued that XRP was heading to zero, recently stated the coin could rally to a $24 peak this cycle.

However, unlike Pal, Jeremie remains skeptical about XRP. He emphasized that he does not recommend holding XRP long-term.

Meanwhile, others like Rajat Soni have maintained bearish views on XRP. Soni recently attributed mental illness to those projecting XRP could reach $100.

Despite the ongoing critical views around XRP, the community remains steadfast. Members argue that since XRP is outperforming Bitcoin, it is typical for criticism to spike from maximalists.

Community Reacting to Claims of XRP and ADA Being Meme Coins

In response to Neuner’s assessment, community member Talos expressed surprise that Neuner would categorize ADA as a meme coin. He cited that Cardano is one of the few blockchains backed by peer-reviewed research and a clear scalability roadmap.

Accordingly, Talos suggested differentiating between price speculation and fundamental value.

Community member Matt Scheff also countered Neuner. He expressed that XRP, ADA, and HBAR are poised to become critical components of financial, governmental, and economic systems. He added that ADA is on the verge of enabling Bitcoin to participate in DeFi.

MrBeast Denies Rumors of Launching a Meme Coin Amid Solana Collaboration Buzz

Albert Brown
-
0
MrBeast Denies Rumors of Launching a Meme Coin Amid Solana Collaboration Buzz

Rumors about a potential meme coin launch by James Stephen, better known as MrBeast, have gained traction across social media platforms.

The rumors escalated following a post on January 18 by the X account “Crypto Beast.” The account claimed MrBeast would be introducing his meme coin in just “3-4 days.”

The post attracted significant attention and hinted at exclusivity, stating that it was the first to break similar news about the now-successful TRUMP meme coin. Accordingly, the account urged followers to turn on notifications to stay updated on developments.

However, Mr. Beast himself addressed the excitement surrounding these rumors directly. Responding to the Crypto Beast post, he dismissed the idea of launching a memecoin.

Furthermore, he acknowledged the potential financial gain from such a venture but firmly stated that it was not something he planned to pursue.

Discussions of a Potential Token

Despite the denial, some fans proposed frameworks for a hypothetical MrBeast coin. Ideas ranged from tying the token to philanthropic causes to creating projects aligned with his ongoing charity work. 

These discussions demonstrated MrBeast’s influence in fostering community-driven concepts, even without official announcements. Notably, Mr. Beast, the most followed YouTube creator, recently became the focus of speculation about his involvement with the Solana blockchain.

Solana Follows MrBeast on X

Solana’s official X account recently followed MrBeast, leading many to believe a collaboration might be imminent. This move coincided with increased buzz among fans and crypto enthusiasts, who speculated on the possibility of MrBeast joining other celebrities in launching a token on the blockchain.

Discussions about the impact of such a move quickly gained traction online. Solana, known for hosting celebrity tokens like those of Iggy Azalea and Caitlyn Jenner, has already established a reputation for such ventures.

Solan following Mrbeats on XRP
Screenshot of Solana following MrBeat on XRP

Meanwhile, past allegations about MrBeast’s involvement in questionable crypto activities resurfaced. Reports from advisory firm Loock.io and blockchain analyst SomaXBT alleged that he and his associates earned millions from low-cap tokens through insider trading.

On-chain data linked around 50 wallets to MrBeast, raising concerns about transparency. These findings followed his earlier disclosure of Ethereum wallet addresses during the NFT boom in 2021, prompting scrutiny over his past actions.

Bitcoin Breaks New All-Time High: Is $111K on the Horizon?

Albert Brown
-
0
Bitcoin Breaks New All-Time High: Is $111K on the Horizon?

With Bitcoin bouncing off $100k to reach a new all-time high, will the BTC price reach a projected milestone of $111K?

The total cryptocurrency market capitalization has reached $3.62 trillion, and Bitcoin (BTC) has experienced significant fluctuations. Specifically, today, the excitement around Donald Trump’s swearing-in ceremony led to a surge in Bitcoin’s price.

Now that a new all-time high has been set, will Bitcoin’s rally continue and push the price above $110k?

Bitcoin Price Analysis

Notably, BTC dropped by 3.06% last night, falling from $104,432 to a closing price of $101,237. The price also hit a 24-hour low of $99,462 before rebounding to close above $100K.

BITSTAMP:BTCUSD Chart Image by Trojan69420

Currently, Bitcoin is trading at $107,601, with an intraday gain of 6.29%. This indicates two consecutive daily candles showing lower price rejections, reflecting strong underlying demand.

The current candle has formed a bullish engulfing pattern, with a 24-hour high of $109,356. This suggests the overnight correction has faded as Bitcoin price surpassed the December peak of $108K.

Key exponential moving averages remain aligned positively despite short-term fluctuations. Additionally, the daily RSI maintains an upward trend, staying above the midpoint. Thus, technical indicators suggest a positive outlook for Bitcoin’s price movement.

Bitcoin Derivatives Turn Volatile

The derivatives market has become increasingly optimistic with the fresh volatility in Bitcoin prices.

Bitcoin Derivatives
Bitcoin Derivatives

Open interest has increased by 3.69%, reaching $70.80 billion. The long-short ratio has surpassed the unit ratio, indicating a greater number of bullish positions.

Moreover, the funding rate for BTC remains positive at 0.0141%. This suggests the derivatives market is still optimistic about Bitcoin’s upward trend despite a rise in bearish positions.

BTC Price Target

Based on price action analysis, the next trend in Bitcoin’s price will likely push beyond the $110k mark, as previously projected in our analysis.

However, if the price closes below $100,000, Bitcoin could potentially drop to the $95,119 support level.

Ethereum to Hit $7,000 This Bull Market if This Pattern Holds: Analyst

Okoya David
-
0
Ethereum to Hit $7,000 This Bull Market if This Pattern Holds: Analyst

Prominent crypto analyst Ali Martinez again suggests that Ethereum could trade above the $7,000 price point in the current bull market.

Over the past two years, Ethereum (ETH) has crawled while fellow market leaders Bitcoin (BTC) and Solana (SOL) have soared to new record highs. Despite the underperformance, analysts have continued to offer investors hope of a looming ETH price explosion.

In the latest instance, one such analyst has suggested that the asset could more than double in price in the current bull market, citing a historical pattern.

Ethereum To $7,000?

Prominent crypto analyst Ali Martinez has asserted that Ethereum could trade above the $7,000 price point in the current bull market.

In an X post on Monday, January 20, the analyst highlighted that Ethereum has historically traded above the 3.2 times market value to realized value ratio (MVRV) pricing band in bull markets.

MVRV pricing bands model an asset’s price behavior to estimate extreme price levels based on historical MVRV, which measures the asset’s market price to the average price at which investors purchased it.

A Glassnode chart shared by the analyst showed that the asset had hit this 3.2 MVRV level to trade at highs above the $1,000 price point in 2017 and near $4,900 in 2021.

Glassnode Ethereum MVRV pricing bands chart
Glassnode Ethereum MVRV pricing bands chart. Source: Ali Martinez

According to Martinez, Ethereum’s 3.2 MVRV pricing band was presently around the $7,000 price point, suggesting the potential for the asset to more than double in price from current levels of about $3,400 per coin.

Meanwhile, it is the second time in weeks that the analyst has tipped Ethereum to hit $7,000 in the current market cycle. On January 9, the analyst suggested that the asset was set to hit the target, citing an inverse head and shoulders formation on the 12-hour candle chart.

Interestingly, the $7,000 Ethereum price target aligns with Bitwise’s predictions for 2025.

Trump Meme Token Moves to Flip Shiba Inu Again as It Soars Over 50%

Lele Jima
-
0
Trump Meme Token Moves to Flip Shiba Inu Again as It Soars Over 50%

Shiba Inu is on the verge of losing its longstanding second-biggest meme coin title as Official Trump (TRUMP) moves to flip SHIB again. 

Over the weekend, Shiba Inu lost its position as the second-biggest meme coin to TRUMP, a newly launched meme-based token linked to U.S. President-elect Donald Trump. 

TRUMP Overthrows SHIB as Second Biggest Meme Coin 

The TRUMP meme coin, which launched on Friday, quickly rose to prominence, attracting the crypto community’s attention. Notably, the number of TRUMP buyers surged to nearly 50,000 within hours after its launch, outpacing the 12,500 sellers. 

Consequently, TRUMP’s market cap rose to $9 billion within three hours of its launch. With leading crypto exchanges, like Binance and KuCoin, listing TRUMP, its valuation quickly soared above $12.58 billion, surpassing Shiba Inu’s market cap of $12.42 billion.  

Accordingly, TRUMP became the second-biggest meme coin, overtaking Shiba Inu and ranking behind Dogecoin. However, Shiba Inu’s lead developer, Shytoshi Kusama, was unfazed by the development. He congratulated Trump but hinted that the achievement was temporary and may not last long. 

Shiba Inu Flips TRUMP  

Indeed, it did not take long before TRUMP relinquished the title to Shiba Inu following its massive crash in price. The market cap of TRUMP plunged nearly 50% from a peak of $14.92 billion to $7.68 billion yesterday. TRUMP’s price also fell to $38 from an all-time high of $75.35. 

This sharp decline coincides with the rollout of Official Melania (MELANIA), a meme coin launched by the incoming first lady of the United States, Melania Trump. The drop suggests that many investors swapped their TRUMP tokens for MELANIA in pursuit of quick gains. 

Interestingly, it helped Shiba Inu to reclaim its position as the second-biggest meme coin. 

TRUMP Poised to Overthrow SHIB Again 

At the moment, TRUMP has regained momentum, as it aims to overtake Shiba Inu again. Its market cap has rebounded to $11.57 billion, marking a surge of 50.61% from its intraday low of $7.68 billion. This surge also brought TRUMP closer to Shiba Inu’s $12.73 billion valuation. 

TRUMP v Shiba Inu market cap
TRUMP v Shiba Inu market cap

The competition between SHIB and TRUMP remains intense, and the coming hours could determine which token will secure the position of the second-biggest meme coin. 

In the meantime, the world is anticipating Trump’s inauguration as the 47th U.S. President, slated for today, January 20. Industry stakeholders expect his administration to favor crypto more than Biden’s. This anticipation is owed to Trump’s numerous pro-crypto promises, including the creation of a Strategic Bitcoin Reserve (SBR).  

Since Trump’s reelection, the market has reacted positively, as reflected in the massive spike in crypto prices. While Trump’s implementation of pro-crypto policies could drive TRUMP’s price, Kusama believes Shiba Inu’s utility will pay off in the long term. 

Shiba Inu Lead Remains Unfazed 

He indicated that Shiba Inu offers real utility besides being just a meme coin, suggesting that SHIB’s real-world application will elevate it to greater heights. 

“Let’s give it a few more days, then we will show you how it’s done,” he remarked, hinting at an upcoming development. 

In a follow-up tweet, he asserted that Shiba Inu will not bow to any meme coin, including TRUMP. 

At press time, Shiba Inu is trading at $0.00002161, while TRUMP is changing hands at $57.86.

Analyst Says Dogecoin in Bullish Retest of Breakout Zone as Big Investors Add 1.83B Doge

Albert Brown
-
0
Analyst Says Dogecoin in Bullish Retest of Breakout Zone as Big Investors Add 1.83B Doge

An analyst suggests that Dogecoin (DOGE) is currently undergoing a bullish retest of its breakout zone, with a potential for a 49% rise to $0.5400.

Dogecoin (DOGE) has experienced significant volatility recently, marked by gains and losses. The cryptocurrency is trading at $0.3625, reflecting a 6% decline over the past 24 hours. However, it has seen a 14% increase over the past week, indicating mixed trends.

These fluctuations come as attention turns to Donald Trump’s meme coin, TRUMP, which has soared by over 41,000% over the weekend.

Dogecoin Patterns Suggest Bullish Momentum

A recent chart analysis by Ali Martinez on X reveals key technical patterns that support a bullish outlook for Dogecoin. According to his chart, DOGE was previously consolidated within a symmetrical triangle, which is defined by converging trendlines.

DOGE broke above the triangle’s upper trendline, showing strong bullish momentum. The breakout occurred near the $0.38 level. Following this, the crypto entered a retest phase, revisiting the breakout zone around $0.36900. 

This zone aligns closely with the 0.618 Fibonacci retracement level at $0.38350. Martinez observes this level as a key area for confirming continued bullish strength.

Should buyers regain control, DOGE could rally toward the 0.786 Fibonacci level at $0.43000, with further potential to test $0.48500 and possibly $0.54000. To rise from the current price of $0.3625 to $0.5400, Dogecoin would need to increase by approximately 48.97%.

Image
Dogecoin 4H chart by Ali Martinez

Increased Whale Accumulation 

Recent whale activity has further fueled interest in Dogecoin’s price movements. Per a separate post by Martinez, over the past 48 hours, large wallets holding between 100 million and 1 billion DOGE added 1.83 billion tokens to their holdings. 

As of January 19, cumulative whale holdings surged to 24.7 billion DOGE, up from 22.89 billion two days earlier. This increase is evident in the chart highlighting the sharp rise in whale activity over the period. 

Positive Momentum on Monday

Additional analysis of Dogecoin’s performance reveals bullish trends in key technical indicators. The Accumulation/Distribution (Acc/Dist) line, now at 45.77 billion, reflects steady accumulation and reduced selling pressure. 

DOGE 1-day Price Chart
DOGE 1-day Price Chart

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows growing bullish momentum. The MACD line, currently at 0.0077, remains above the Signal line at 0.0035.

1...995996997...2,659Page 996 of 2,659