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Cardano Teeters On Breakout Edge—Will ADA Skyrocket 27% Soon?

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Key Insights:

  • Cardano’s price is approaching a possible breakout as it trades within a tightening symmetrical triangle pattern.
  • ADA is trading at $0.6424 after gaining 4.3 percent in the last 24 hours.
  • Technical analysis suggests a breakout from the triangle pattern could result in a 27% price increase.

Cardano’s (ADA) price shows signs of nearing a significant technical breakout as it hovers within a tightening symmetrical triangle pattern.

With recent upward movement and increased attention from analysts, ADA’s potential for a major move is rising.

Despite current hesitation in market sentiment, technical indicators hint at a turning point that could push ADA upward by 27%.

Symmetrical Triangle Hints ADA Price Surge

Cardano has been consolidating within a symmetrical triangle, which has been forming steadily since the beginning of April 2025.

The price movement will occur soon since market equilibrium is being established. Nonetheless, ADA maintains a trading position of $0.6424, which increased 4.3% throughout the past 24 hours.

Bull and bear traders push prices toward each other as the pattern develops through decreasing price margins.

According to technical analysis by crypto analyst Ali Martinez, symmetrical triangles maintain the existing market trend while forming.

The price could experience sizable gains if it breaks out in the same direction it was previously headed.

ada price
Source| X

Analyst projections indicate that Cardano might have initiated its breakout phase from this pattern.

Confirming pattern breakout can generate price increases as high as 27% because symmetrical triangles normally display these move patterns.

ADA Holds Steady Amid Mixed Signals

Despite the promising chart pattern, the current sentiment surrounding Cardano remains split.

According to CoinCodex, ADA maintains a neutral sentiment, while the Fear & Greed Index stands at 39, which signals market fear.

The market exhibits caution through inconsistent indicators despite bullish technical trends.

Cardano has recorded 14 green days in the past 30 days, representing a 47% positive day ratio.

ADA remains with a slight upward bias, yet its value decreased by almost 10% throughout the same timeframe.

The 7.31% indicates a moderate yet stable price volatility during the last 30 days.

CoinCodex predicted through statistical modeling that ADA would increase in value to 18.55% by May 21, 2025.

Organizations project ADA’s performance will reach current levels, but the price will not reach its maximum breakout potential.

The projected price movement depends on the market’s performance compared to technical pattern indications.

Cardano Technical Indicators Signal Market Stalemate

The current technical readings suggest high levels of market confusion because clear momentum signals remain absent.

The Relative Strength Index (RSI) measures 45.29 while its moving average is 44.21. At this point, between buying and selling pressure, the market registers neutral indications.

Evaluating the Moving Average Convergence Divergence (MACD) reveals weak momentum development.

The MACD currently sits at -0.0187 below the -0.0235 position of the signal line. Data from the histogram shows 0.0048 as further evidence that a bullish crossover does not currently exist.

ADA 24-hour price
ADA 24-hour price chart | Source: TradingView

The Chaikin Oscillator is currently in a deep negative position of -9.98 million. The analysis shows continuous distribution activities accompanied by capital movement out of the market.

The ongoing downward trend will probably keep ADA in a trading rut or cause slight market decreases until it reverses direction.

Cardano Funding Rate Flips Show Uncertainty

Derivatives data illuminates existing market situations and reveals sporadic trading actions.

Ada’s funding rate continues to flip between positive and negative values, reflecting divided sentiment among market participants.

The shifting funding rates maintain equilibrium between traders holding positive and negative market expectations.

ada price prediction
Source| X

During periods of stable prices, the funding rate exhibits unpredictable behavior.

From early through mid-March, it showed primarily negative values and then transitioned to alternating patterns. This market instability strengthens the derivatives market’s indecision.

The analysis of open interest reveals that market participants maintain no clear direction regarding ADA’s next move.

The ADA price consolidation matches the symmetrical triangular pattern where market traders show equal interest in both direction bets.

Higher momentum and growing volume usually lead to a short-term breakout from the current price range.

Dogecoin Price Analysis: Triangle Squeeze Signals Potential 93-Day Bull Run

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Key Insights:

  • Dogecoin has ended a 159-day downtrend, matching past pre-rally patterns.
  • RSI crosses 50, signaling a momentum shift toward a potential bullish phase.
  • Spot inflows and outflows stabilize, indicating reduced market volatility.

After a 159-day downtrend, Dogecoin’s price structure is breaking out. RSI has crossed above 50, and a triangle squeeze pattern has formed.

Traders are now looking for a possible 93-day rally to start as inflow and outflow activity stabilizes.

Dogecoin Trends Show Symmetry in Repeating Price Cycles

Trader Tardigrade shows that Dogecoin may be completing a repeating cycle on a long-term chart.

The chart shows two previous 159-day price declines, followed by 93-day sharp rallies.

DOGE/USD
DOGE/USD | Source: X

Dogecoin in the earlier example from 2024 fell steadily for 159 days and then rallied for 93 days. During that rally, the price rose from around $0.09 to over $0.43.

A possible move higher could develop over the next three months if the pattern repeats.

The symmetrical structure doesn’t mean price will move, but it has been true for the past two full cycles. And it may provide a framework to explain how traders respond to this phase.

Triangle Squeeze and RSI Rebound Point to Momentum Shift

Additional technical signals are also seen on shorter-term charts. On the 4-hour chart, Dogecoin has printed a triangle squeeze pattern.

This happens when price volatility decreases and the difference between highs and lows shrinks. Usually, these setups show up before a price breakout in either direction.

Doge triangle squeeze
Doge triangle squeeze | Source: Tatrader alan, X

Since the beginning of April, the pattern has held, and the candles of recent days show increasing price action around the $0.154 level.

The upper trendline has held steady, while the lower trendline continues to push higher. This may cause a breakout in the near term.

Moreover, another chart of Dogecoin reveals that it just broke out of a descending trendline.

However, at the same time, the Relative Strength Index (RSI), a key momentum indicator, had crossed above 50.

Doge trend reversal
Doge trend reversal | Source: X

Traders sometimes take an RSI crossing from below 50 to above 50 as a signal that bullish momentum is starting. Dogecoin rebounded from its short-term low at $0.150, and this crossover took place.

Spot Inflows and Outflows Reflect Caution but Stabilization

Dogecoin’s spot inflow and outflow trends since June 2023 are shown in the following CoinGlass chart.

The strongest outflows were recorded mid-November 2024, with values reaching around $6.5 Billion.

It was also a steep rally, with Dogecoin’s price jumping from around $0.10 to $0.4.

DOGE spot
DOGE spot inflow/outflow | Source: CoinGlass

Inflows were consistently rising from November to January, while outflows remained strong. Dogecoin was also at a local peak near $0.390.

But since February 2025, inflows and outflows have been evened out. Now, daily movements are much smaller, usually under $500 Million.

It implies less aggressive buying and selling activity but also indicates a more stable trading environment.

At the same time, the price has been relatively flat, between $0.14 and $0.2.

The signals in the technical charts could be supported or challenged by a sustained change in flow data.

Confirmation of renewed demand may be watched by traders who look for stronger inflows.

Early Uptrend Possibility Market Structure

On the recent 4-hour chart, the price structure has changed from downtrend to uptrend.

The shift became clearer when Dogecoin broke above a descending resistance line and formed higher lows. The move came with stronger volume and a breakout candle.

In past cycles, RSI’s move above 50 has signalled the beginning of bullish phases.

This indicator has often moved early in a trend, and the price has not moved sharply yet.

Traders may consider this a stronger confirmation if RSI continues upward and price follows with higher closes.

Next, we have resistance levels to watch out for around $0.18 and $0.21. These are areas where price previously stopped or reversed.

The support stays around $0.145, which has held on several occasions since early April.

Volatility could still rise, but the signals are now more favourable for a trend continuation after a long downtrend.

Cardano And Dogecoin Show Recovery Signs As Market Turns Bullish

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Key Insights:

  • The overall cryptocurrency market is gaining strength, with a total market capitalization rising to $2.66 Trillion.
  • ADA tests a key support-turned-resistance level near $0.60, which could signal a shift if broken upward.
  • Dogecoin is showing renewed strength and is trading at $0.1559 after bouncing back from a low of $0.151.

The cryptocurrency market is showing renewed strength, with Cardano (ADA) and Dogecoin (DOGE) beginning to recover recent losses.

Both digital assets are gaining momentum as market sentiment turns positive and key indicators shift direction.

While ADA and DOGE faced downward pressure last week, new signals suggest a potential for upward movement.

Cardano Eyes Breakout as Momentum Builds

Cardano rebounded from a recent low of $0.5165 and was trading at $0.6186, reflecting a 0.07% drop.

Intensified growth in the market manifested through a total crypto market cap reaching $2.66 Trillion with a 0.91% upward movement.

The altcoin stands near an essential support zone, which used to act as resistance at $0.60.

cardano price
Source: X

Analysts note that Cardano is now positioned on a short-term support trendline, creating a potential setup for a trend reversal.

For this shift to gain strength, ADA must close a 4-hour candle above $0.67, confirming market interest.

After an eventual breakout, the next critical price target for ADA will most likely be $0.70, as per near-term forecasts.

Technical expert AMCrypto highlights that ADA’s recovery coincides with a broader bullish pattern across the crypto market.

However, the major upward price moves may face obstacles because of external geopolitical conflicts, mainly between US-China relations.

Until global trade stability returns, ADA may continue testing support and resistance within a narrow trading range.

ADA May Retest Key Support Zones

Another market observer, Bit Bull, identified a rising wedge pattern on the 4-hour ADA/USDT chart.

The technical pattern, which has been developing since early April, displays characteristics of downside pressure, which is recognized for its bearing on price movements.

The pattern’s upper boundary may act as resistance, potentially pushing ADA lower in the short term.

4-hour ADA|USDT chart
4-hour ADA|USDT chart | Source: BitBull on X

According to Bit Bull, an upper wedge edge retest will occur before ADA moves towards its support areas.

According to him, the strategic support levels start at $0.60, move towards $0.55, and finish at $0.52.

Unless ADA breaks the pattern with strong volume and momentum, this outlook may delay a broader rally.

Despite this short-term pattern, ADA holds strong long-term potential if market conditions remain favorable and buying pressure increases.

Professional analysts predict that ADA price movements above the descending trendline will likely result in $1.51 as a prospective target.

Traders who seek entry positions before price breaks the patterns will watch the major support zones near technical levels.

Dogecoin Pushes Higher Amid Positive Sentiment

Dogecoin was trading at $0.1560, up 0.6% at press time. It showed strength after recovering from a sharp drop to $0.151.

This rebound highlights DOGE’s resilience, as buying pressure supports price action amid improving sentiment across the crypto market.

The meme coin reaches attention because its active community works with bullish price predictions.

Crypto analyst STEPH IS CRYPTO predicts DOGE could reach $2 within three months, citing strong demand and a positive market structure.

CryptoSurf embraces this prediction that the coin will reach above $1 within the next term due to its continuous market momentum.

These projections reflect growing enthusiasm as Dogecoin outpaces many altcoins in recovery strength.

dogecoin price chart
Source: X

Dogecoin’s current price structure shows bullish continuation, though sustained growth depends on volume and broader market behavior.

If DOGE maintains support above $0.150, it could build toward the $0.20 level in the coming weeks.

After facing resistance at these critical zones, the price may undergo temporary periods of stagnation or small pullbacks.

XRP Eyes ETF Catalyst As Price Holds Near $2 With Bullish Hopes

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Key Insights:

  • XRP is trading at $2.05 after a daily loss of 0.59%, showing steady momentum above the $2 level.
  • The digital asset has gained 2.68% over the past week, despite being around 37% below its recent three-month high.
  • Community discussions are intensifying around the potential impact of an XRP ETF as a major catalyst for price growth.

The XRP price maintains its forward direction because the cryptocurrency price has remained above $2 during trading sessions.

The XRP coin achieved a daily increase of 1.5%, raising its value to $2.10. With renewed optimism, discussions around the XRP ETF are gaining pace as the community anticipates strong catalysts.

XRP has achieved 5.6% growth during the week, yet remains 36% below its current three-month peak price.

The market shows strong optimism due to promising upcoming developments. Among these, the potential introduction of XRP ETF products stands out as a leading narrative.

The support area near critical levels prompts analysts and key community members to suggest ETF interest as the primary trigger.

The supply of XRP will decrease because institutional investment is expected to rise. An asset price increase is expected because of a supply contraction within the market.

XRP ETF Demand Grows Among Institutions

Several asset managers are actively pursuing the launch of an XRP ETF amid growing demand for crypto investment products.

Major administrative entities, including Grayscale, Bitwise, and Franklin Templeton, now exhibit enhanced institutional interest in including XRP on their investment lists.

As these managers introduce their investments, XRP’s market demand will rise considerably.

Franklin Templeton’s large asset base, above one trillion dollars, has sparked widespread interest in its involvement.

The financial management assets handled by Bitwise and Grayscale reach $50 Billion and $12 Bllion, respectively.

The multiplication of institutional interest from these finance companies will increase XRP’s adoption by conventional banking industry participants.

More asset managers are applying for XRP ETF approval than any other altcoin-based product.

The market demonstrates an obvious move toward investigating new applications of the asset.

The market’s growing interest indicates anticipation for regulatory approval to let ETF products that link to XRP emerge.

XRP Supply Drops as Demand Grows

XRP ETF approval is expected to pull tokens from circulation as fund managers buy and hold shares.

The buying activities generated by fund managers would decrease XRP tokens in open market circulation, thereby preparing conditions for a price increase.

Under such circumstances, the ongoing demand will support a prolonged upward price trajectory.

Influencers observed the inflow of ETFs as withdrawn XRP volume, which removes substantial amounts of XRP tokens from retail markets.

Purchasing each ETF share leads to an XRP token withdrawal from circulation, thus decreasing the tokens available for trading.

When supply decreases, the market prices usually rise because demand remains active.

XRP demand rises daily due to its sustained use within payment systems and continued preservation by financial market operators.

ETF inflows join with established requirements to generate double the consistent demand.

These different market elements indicate that the XRP price could experience an upcoming breakout.

Legal Clarity May Shift BlackRock Stance

Not all analysts agree on how significant the XRP ETF effect will be.

Due to BlackRock’s dominant position as an issuer, the major change will come with an XRP ETF issued by BlackRock.

The large number of firms that have applied does not guarantee equivalent levels of market interest.

Nearly $40 Billion in money flows into BlackRock’s Bitcoin ETF, which surpasses all other ETF providers in terms of capital.

The crypto fund products of WisdomTree and Invesco obtained very little investor capital compared to BlackRock’s Bitcoin ETF.

The collected data demonstrates that brand awareness and reputation are fundamental factors for ETF acceptance by potential investors.

Still, rumors suggest BlackRock may be re-evaluating its position on XRP ETF products.

During the Ripple-SEC lawsuit period, the firm seemed to show little interest due to regulatory uncertainties.

Since legal uncertainties have lessened, there are revived expectations of increased interest.

ETF Demand Could Reshape XRP Ranking

Some experts have modeled scenarios based on projected XRP ETF inflows and their market effects.

The market expects XRP to reach prices exceeding $20 when daily investments surpass $500 Million.

The price would rise three times if XRP acquired half the volume of Bitcoin-based ETF inflows.

JPMorgan’s internal forecast indicates $8 Billion in inflows for XRP ETFs within the first year of approval.

Many leading crypto executives have validated the same number. The anticipated token inflow would deliver substantial changes to the market position of the token.

The market capitalization of XRP may potentially exceed other alternative coins’ values according to different predictions.

The creation of ETFs focusing on XRP could potentially boost its position to become one of the three largest digital assets according to some industry analysts.

The particular outcome depends on institutional participant demand along with regulatory permission.

Analysts See XRP Price Falling Before Possible Rally To Double Digits

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Key Insights:

  • XRP Price traded at $2.05 today, recording a loss of 0.41 percent as the crypto market stayed positive.
  • Trading volume fell by 27.28 percent to $2.11 Billion, indicating reduced participation during the session.
  • Analysts expect a short-term pullback with possible dips to $1.85, $1.4, or even $1.29 before any strong rebound.

XRP Price traded at $2.09 today, gaining over 1%, while the broader crypto market maintained its upward momentum.

However, trading volume dropped by 6% to $3 Billion, reflecting reduced activity during the session.

Despite recent gains, analysts believe a short-term pullback could send the XRP Price lower before any significant rebound.

XRP Price Faces Pullback Before Breakout Signal

XRP Price operated within a constrained trading area during the day, reaching up to $2.12 and declining to $2.06.

The recent rise in Futures Open Interest stands at 0.5%, with totals reaching $3.09 Billion, indicating that market traders maintain their interest in the market.

Market experts predict that this price stability is likely to change during the upcoming days.

Prices for XRP stayed firm throughout the day, but different analysts highlighted different chart weaknesses.

The technical indicators indicate that XRP might fall to $1.85 and potentially reach $1.4 levels.

Market analysts consider these particular price ranges the most probable destinations prior to any potential upward movement.

The five-day chart can confirm a breakout when the XRP Price successfully maintains closing values above $2.30 to $2.50.

A lack of such verification creates conditions for additional price decreases.

Expert analysts state that short-term price corrections form the natural pattern before significant market movements occur.

EGRAG Predicts Volatility in XRP Market

A technical analysis from EGRAG CRYPTO suggests a price movement to $1.4 during a bearish period before price recovery becomes possible.

The pressure for prices to decline might continue until a stable close gains momentum at $2.30.

According to his analysis, fundamentals played a minimal role in price fluctuations, which could be caused by shifts in market narratives.

xrp market
Source: EGRAG CRYPTO on X

According to his analysis of historical data, macro events frequently cause markets to shift downward quickly.

Previous market disturbances occurred right after statements, including mining prohibitions and international trade decisions, were announced.

He supports his view that businesses use price drops strategically by showing similar market patterns.

XRP Price is located within a region that will lead to a rise in price volatility, according to his assessment.

These areas generate confusion across trader groups just before substantial market movements emerge.

Because of this, he stays out of the market while maintaining his predetermined holding positions.

Martinez Expects XRP Pullback Before Rally

Chart analyst Ali Martinez shared a similar outlook, warning of a pullback to $1.29 based on historical technical formations.

The analyst relied on well-recognized chart patterns defined by Thomas Bulkowski, which formed the basis of his evaluation.

The patterns tend to create a downward movement before progressing upward.

XRP Price chart
Source: Ali Martinez on X

According to Martinez, the market actions represent a strategy used to refresh industry standings and remove unprofitable market players.

Pre-large market gains tend to have such retracement events. XRP Price may register a short-term decrease during the upcoming market period.

Despite this, both analysts still target higher valuations in the long run.

Analysts predict price targets of $7.50 and $13 will appear, followed by another prediction of $27 during the long-term development.

During this corrective period, both experts agree that traders should stay patient.

JPMorgan Predicts XRP Price Rise to $15

Recent updates to the Ripple vs. SEC case have added further uncertainty to the XRP Price outlook.

Despite the limited transparency into the situation, the market may turn dramatically if regulatory clarity appears.

At the same time, the launch of the first XRP ETF in the US has lifted broader sentiment.

The introduction of the ETF establishes an important threshold and might stimulate fresh investments in the asset.

The influx of funds was expected to act as an engine for another positive price movement of XRP.

According to their predictions about ETF investments, the XRP price forecast from JPMorgan analysts reached $15.

Pi Network Surges Past $0.60: Can It Break Through The $1 Wall?

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Key Insights:

  • Pi Network has surged past the $0.60 mark and reached a high of $0.6441 before entering a consolidation phase.
  • Analysts believe the coin may soon test the $1 resistance level if current momentum continues.
  • The RSI and MACD indicators show bullish signals, pointing to possible upward movement.

Pi Network has recently shown intense price action, surged past the $0.60 mark, and hit a high of $0.6441. Analysts expect a potential rally to the $1 resistance, which has become a key psychological level.

With momentum building, technical indicators and fundamentals are now being reviewed to determine the next direction.

Pi Network Builds Momentum with Strong Fundamentals

After rising to $0.6441, the Pi Network stabilized by consolidating its value between $0.63 and $0.64. The RSI tracks investing pressure in the market with its upward trend while maintaining its position slightly above $0.63.

The MACD indicator has shown bullish signals, suggesting potential upward price movements in the upcoming market sessions. This indicated growing positive momentum in the asset’s performance.

Market analyst Xia believes that fundamental aspects of Pi Network drive its increasing market potential. She showcased the Pi ecosystem using the Map of Pi during the Pi Fest exhibition. It revealed that the ecosystem has over 1.8 million users actively participating.

More than 58,000 sellers engaged in transacting activities on the platform, indicating robust transactional behavior at this event. The current market perception toward Pi Network appears uncertain because some investors doubt the robustness of recent price fluctuations.

The buying activity continues, while coin owners express doubt since they have incurred past losses. Maintaining current market momentum could allow Pi Coin to verify higher resistance points shortly.

Support at $0.61 Holds, $1 Target in Sight

The market analysts believe Pi Coin’s support level at $0.61 is essential for future price growth. Moon Jeff observed through analysis that the coin successfully upholds this price level because of its strong purchasing power.

This area is a launching platform for another price increase toward the $1 target. According to technical chart indicators, when Pi Coin surpasses $0.6441, another test will probably occur at approximately $0.70.

The market continues to watch volume strength and price consolidation patterns, seeking signs that indicate a breakout possibility. The current price outlook remains positive since it maintains positions above the main moving averages.

PiNewsZone’s analysis suggested that reaching $1 could drive significant market momentum. Achieving this milestone might greatly strengthen the position of Pi Network.

An expert analyst emphasized the importance of purchasing more coins. A potential price breakout might initiate the discovery of Pi Coin’s true market value.

The market sentiment matches this outlook because the short positions are falling while support levels are getting stronger.

PiCoreTeam Updates Seen as Vital for Long-Term Growth

The rally faces sustainability questions when there is no adequate structural foundation. Dr Altcoin stressed that exchange accessibility needs improvement because increasing platforms with KYB approval is vital.

According to his assessment, the expansion of OKX into additional geographical markets represents a strong opportunity to boost market demand. Major players, including BANXA, have the solution to stabilize Pi prices by strategically purchasing large quantities from exchange markets.

He believes such purchasing actions would promote market liquidity and decrease market sales. The rally could encounter problems at upper price levels when institutional support is lacking.

Dr Altcoin pointed out that updates from the PiCoreTeam were essential for stabilizing long-term price movements. Successful product releases or strategic business announcements lead to growing demand.

This is driven by renewed consumer interest after the brand breaks into the market. Traders need ongoing updates from PiCoreTeam to validate the long-term viability of the current price growth.

Bearish Funding Rates Raise Doubts Despite Pi Network Gains

While price indicators appear optimistic, derivatives data has introduced concerns about sentiment shifts. Short traders intensified their bearish bets, resulting in a negative reading on the PI OI-Weighted Funding Rate on March 13.

The funding rate kept a negative value from March 13 to March 18. This indicated that short positions were stronger than long ones.

PI OI-Weighted Funding
PI OI-Weighted Funding Rate | Source: Coinglass

The premium payments shown in red shaded areas demonstrate bearish activities, since traders paid extra to maintain short-exposure positions. The market displayed neutral or reversing tendencies even though the coin continued its upward movement.

Market traders now watch to determine if growth indicators will succeed in reversing the negative trading positions within derivatives instruments. Substantial volume above $0.70 in Pi Network may drive short position liquidations toward surpassing the $1 barrier.

The analysts predicted that such a price breakout would modify investor sentiment and diminish the downward market force from derivatives trading. The upcoming market sessions will play a vital role in determining Pi Coin’s price movement within the short term.

Solana Dominates Q1 DEX Market With $293.7B Volume & 39.6% Share

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Key Insights:

  • Solana handled over $293.7B in Q1 2025 DEX volume, securing a 39.6% market share.
  • Solana DEXs like Orca and Meteora beat rivals with faster speeds and lower fees.
  • Network averaged 4,500–4,900 TPS with fees under $0.001 during high-volume periods.

In Q1 2025, Solana became the most used blockchain for decentralized exchange activity, accounting for nearly 40% of the market. Solana is redefining the DEX landscape with over $293 billion in trading volume, fast transaction speeds, and ultra-low fees.

Solana Leads Q1 DEX Market With $293.7B in Volume

Solana led the decentralized exchange (DEX) trading activities in Q1 2025, accounting for $293.7 billion in total volume. CoinGecko’s Q1 2025 Crypto Industry Report shows Solana accounted for 39.6% of all DEX trades in Q1.

2025 Q1 DEX trading volume
2025 Q1 DEX trading volume by chain | Source: Coingecko

In January 2025, Solana’s dominance became more visible when it represented 52% of total DEX volume. The trading volume across all chains reached $358 billion that month alone.

This sharp increase was due to the TRUMP meme coin, which caused high-frequency trading across Solana-based platforms. During February and March, Solana maintained its lead in trading volume over Ethereum and BNB Chain.

Both chains remained active but couldn’t match Solana’s dominance. Solana continued to dominate, as trading volume cooled slightly across the board. This further cemented its reputation as a high-performance chain for fast-moving market segments.

High TPS and Network Stability Support Solana’s Position

One of the reasons Solana is attractive is that its network can process many transactions without slowing down. For three consecutive months, the blockchain maintained a steady processing rate of 4,500 to 4,900 transactions per second (TPS).

This consistency underscores its reliability, even during periods of high activity. This metric remained constant even during peak periods when trading volume spiked.

Transactions per second (TPS)
Transactions per second (TPS) and success rate | Source: Solscan

Meanwhile, Solana’s transaction success rate ranged between 85% and 90%. This indicated a stable and resilient infrastructure. Many blockchains fail or delay transactions during network congestion.

Unlike Solana, however, most transactions have flowed smoothly. Fast settlement times make throughput and reliability crucial for users.

This ensures their transactions are completed efficiently without delays. It’s also useful for developers who want a stable base layer to build trading applications and automated protocols on top of.

Ultra-Low Fees Give Solana an Edge

Solana’s DEX dominance is also due to its cost efficiency. Solana’s average transaction fee is relatively low compared to the rest of the industry.

According to data from Token Terminal, Solana’s average transaction cost is much lower than that of Ethereum, Bitcoin, and BNB Chain.

Blockchain average transaction
Blockchain average transaction fee | Source: Token Terminal

Bitcoin’s fees are just above that, while Ethereum’s are around $1 on average. Solana, by comparison, charges a fraction of a cent per transaction. According to 24-hour Dune Analytics data, Solana’s priority fees rarely exceed $0.001, even during periods of higher activity.

Solana average priority fees
Solana average priority fees 24h by minutes | Source: Dune

The affordability also benefits the smaller traders and frequent transactions. Users can engage more often without worrying about cost by paying large fees for each swap or transfer.

This is why memecoin traders, NFT users, and DeFi participants who need to interact with the blockchain often find Solana appealing.

Developers subsidize transactions to improve user experience, and fee efficiency impacts them. Deploying on Solana allows them to decrease operating costs and make it easier to onboard.

Solana-Based DEXs Gain Traction

The rise of Solana’s trading volume is also related to the growth of its native decentralized exchanges. Orca is the number one DEX with $693 million in 24-hour trading volume. It has a 12.5% market share, more than Ethereum’s Uniswap V3’s $655 million.

Meteora, another Solana-native DEX, holds the third position globally with $441 million in daily volume. It supports over 2,300 trading pairs and has experienced a spike in interest in the $TRUMP/EPJFWD pair. It saw almost $94 million in trading.

Top decentralized exchanges
Top decentralized exchanges ranked by 24h volume | Source | CoinGecko

These Solana DEXs offer access to memecoins and new tokens unavailable on Ethereum or BSC. This, combined with lower fees and faster speeds, makes them highly appealing to users.

They also have user-friendly interfaces and integrate with Solana wallets like Phantom, which attracts a growing retail user base.

These platforms continue to see user traffic increase. For instance, Orca recorded more than 580,000 monthly visits. Although Ethereum’s Uniswap still dominates monthly traffic with over 6.8 million visits, Solana’s platforms are catching up fast.

Strong Fundamentals Drive Continued Interest

In 2025, Solana gained significant attention for its low fees, impressive throughput, and rapid DEX growth. This combination cemented its position as a leading blockchain platform. Developers and traders use Solana not only for savings but also for the performance benefits it offers.

Solana’s infrastructure has also been shown to be scalable enough to cover trading spikes, especially during the memecoin rushes. This lets the network handle thousands of transactions per second without degrading performance.

This makes for a smoother experience even when the network is under stress. The network has firmly established itself as a leading layer one chain for DeFi. Its appeal comes from projects launching directly on Solana and users preferring its cost-effective and faster alternatives.

Ethereum Fees Crash: What It Means For ETH Price Movement

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Key Insights:

  • Ethereum transaction fees have fallen to their lowest level in five years, reaching $0.168 per transaction.
  • The fee drop is linked to a sharp decline in on-chain activity and user engagement on the Ethereum network.
  • Despite low network usage, Ethereum’s price recorded a modest 1.76 percent gain, closing at $1,604.70.

Ethereum transaction fees have reached their lowest level in five years, falling to $0.168 per transaction.

This drop coincides with a steep decline in network activity, despite Ethereum’s price recording a slight gain.

The situation is critical for Ethereum’s near-term direction, with analysts offering different forecasts.

Ethereum Fees Hit Five-Year Low as Network Activity Dips

Ethereum’s average transaction fee has dropped to $0.168, marking its lowest point since 2020. The reduction came after on-chain usage and user involvement dwindled.

A lower transaction volume on the network creates less congestion, enabling fee rates to decrease.

Fewer network users compete to validate transactions because the overall network traffic has decreased.

The reduction in the price of block space leads directly to lower expenses for users making transactions on the platform. This change reflects a clear shift in Ethereum’s current usage pattern.

ethereum fee
Source: Santiment

The analytics platform Santiment shows how massively gas prices dropped. The number of active users performing transactions is lower than previous months’ levels.

This outcome diminishes mining and validation rewards, which subsequently impacts network economic dynamics.

ETH Price Sees Modest Gain Despite Market Caution

Despite the slump in fees, Ethereum recorded a 1.76% price increase, closing at $1,604.70 on April 17.

The market saw a price shift during the day while trading volume increased 5% to reach $14.49 Billion.

This suggests that interest in trading Ethereum remains, even with reduced activity on the main network.

The Relative Strength Index (RSI) stands at 41.20, indicating that Ethereum is not oversold but still lacks strong buying momentum.

The MACD histogram showed early signs of recovery, with its positive value reaching +11.6. Traders should maintain caution because the MACD line stays beneath the signal line.

ETH| USD 24-hour price chart
ETH| USD 24-hour price chart | Source: TradingView

Ethereum is still trading within a long-term descending channel, confirmed by the Keltner Channel bands on the daily chart.

The price currently maintains a position near $1,584.34, which falls inside the lower band rather than $1,921.70 within the upper band.

The current arrangement demonstrates that the bearish pattern continues even though prices show temporary growth.

Analysts Offer Contrasting Outlooks Amid Ethereum Price Uncertainty

Analysts have offered mixed views on Ethereum’s short-term prospects.

According to analysts, weak market demand creates low fees, but some investors view this situation as favorable for buying Ethereum before a potential price increase.

Merlijn The Trader, highlighted Ethereum’s historical trends, pointing out past recoveries during similar low-activity phases.

According to him, the present market situation represents an effective opportunity to buy ETH because selling out of panic would likely prove unbeneficial.

ethereum price
Source: X

Crypto Caesar recognizes the ongoing pattern as crucial to the development of a bullish expansion.

He notes Ethereum is testing key support zones, which often precede upward moves.

He chooses optimism over the low fees combined with trading activity reductions.

The experts display split perspectives about the current market direction. While one side focuses on low demand, the other sees structural support.

This division adds complexity to Ethereum’s immediate price forecast.

Ethereum Derivatives Show Weak Market Sentiment

The funding rate data from Coinglass shows Ethereum’s derivatives market leaning towards neutral or slightly bearish sentiment.

Since early March, the open interest (OI)-weighted funding rate has remained negative or near-zero, suggesting limited appetite for long positions in Ethereum futures.

ethereum price chart
Source: CoinGlass

The derivatives market reflects the market’s diminishing interest in ETH spot operations.

The growth in trading activity maintains a level position, indicating no clear market momentum. Market participants appear uncertain about Ethereum’s near-term path.

The fee cut measures do not directly impact long-term holders, but they swiftly alter short-term market perceptions.

Market prices will probably maintain their current direction or face additional downward movement as trading levels stay minimal.

A swift increase in user activity has the potential to produce an immediate alteration of present market behavior.

Ethereum’s support near $1,600 has held firm despite broader market weakness.

This interference stage operates as both a mental and technological inhibition, hindering additional deterioration.

Ethereum could attempt to break out of its descending channel if it continues to hold.

BTC Holds Above $80K As Gold Soars To $3,300 ATH

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Key Insights:

  • Bitcoin remains above $80K with reduced volatility and smaller drawdowns than past bull cycles
  • Gold reaches a new all-time high of $3,300 amid rising demand for hard assets
  • On-chain data shows BTC supply in profit near long-term average, signalling market equilibrium

Global financial markets are adjusting to shifting trade dynamics and rising interest in hard assets as Bitcoin continues to trade above $80,000.

Glassnode’s new data shows realized profits and losses in the Bitcoin network are close to long-term averages even as macro uncertainty grows.

Meanwhile, gold has hit a new all-time high near $3,300, and Bitcoin’s performance relative to gold is getting fresh attention.

While several long-term on-chain indicators suggest that this cycle is different from past extremes, the price movements have been tighter and investor behaviour more measured.

Realized Profit and Loss Metrics Show Market is at Equilibrium

The “BTC: Realized Cap by Profit and Loss” is a chart of the total realized value of Bitcoin broken down by profit and loss.

Darker shades of orange and red during the 2022 bear market were indicative of steep drawdowns, and realized losses peaked.

Unrealized losses hit an all-time high of $410 Billion at one point.

BTC realized cap
BTC realized cap by profit and loss | Source: Glassnode

The chart is currently showing lighter shades, meaning more holders are now in profit or have smaller losses.

Realized losses are smaller and more stable compared to previous cycles, such as the 2021 sell-off or the 2022 bear cycle.

This implies that the market is less aggressive in selling and is more balanced.

Volatility adjusted
Volatility adjusted net realized profit/loss (7d) | Source: Glassnode

Additionally, the “Volatility Adjusted Net Realized Profit/Loss,” shows that Bitcoin’s profitability is now swinging around its long-term median.

The blue median line is centred around the orange bars, which indicates that net realized profits or losses are not very extreme.

It also indicates a stable period of investor sentiment, with the emotions of panic or greed appearing to be reduced.

Current Bull Market Drawdowns Remain Historically Low

Conversely, the drawdown shows how much price correction has taken place in each bull market phase.

Colored zones represent each cycle’s median correction.

In the 2011 bull cycle, there was a 22% correction, and in the 2015 to 2017 cycle, there was an 18% drawdown.

In the 2019 to 2022 cycle, the peak levels saw a 19% correction.

Bitcoin bull market
Bitcoin bull market correction drawdowns (median) | Source: Glassnode

Bitcoin’s median drawdown in the ongoing cycle from 2023 to 2025 is just 7%.

The lower figure, therefore, indicates that the current bull phase has thus far seen more moderate pullbacks.

The current correction has been more resilient compared to earlier cycles, where corrections were sharper and deeper.

This could be due to more institutional involvement, better liquidity, or more disciplined investor behaviour.

Percent of Supply in Profit Near Mean Range

Additionally, the “Percent Supply in Profit Oscillator” indicates how much of the circulating supply of Bitcoin is currently profitable.

In the chart, the orange line is the 7-day moving average of this percentage. The orange line is currently around the mean of 75%.

This makes the market an equilibrium state. In previous bull cycles, this metric has often signalled overheating when it moves above 91% (+1σ).

On the other hand, values below 59% (-1σ) have coincided with bear market bottoms.

Bitcoin percent
Bitcoin percent supply in profit oscillator | Source: Glassnode

The data indicates that Bitcoin is not overheated, nor is it deeply undervalued, as the supply in profit is close to its historical mean.

This supports the notion of a consolidating market where both buyers and sellers are tentative, but not overly so.

Bitcoin-to-Gold Ratio Shows Steady Performance Against Traditional Safe Haven

The Bitcoin to Gold ratio is the amount of ounces of gold needed to equal one Bitcoin. It has moved in cycles historically.

The ratio was at its peak in 2011, 2013, and 2017 when Bitcoin was rallying big time.

It fell sharply after each peak and slowly recovered as Bitcoin built up another cycle.

The Bitcoin-to-Gold ratio is shown to be at relatively stable levels as of April 2025.

As gold recently broke above $3,300 per ounce, this means that Bitcoin is holding value better against gold.

Bitcoin/Gold
Bitcoin/Gold ratio (logarithmic scale)

The steady ratio implies that Bitcoin has not been outperforming gold in the recent months, but it has been playing its role as a store of value.

When both assets are rising, the broader context is that of stronger demand for scarce, non-sovereign assets during macroeconomic uncertainty.

DOGE Breakout Near? Technicals Tease A Major Price Surge

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Key Insights:

  • Dogecoin showed signs of a bullish reversal after recovering from a false break below a critical support level.
  • The price remained stable above support for several days, increasing the chances of a strong upward move.
  • A symmetrical triangle pattern on the daily chart suggests a breakout may follow the current consolidation phase.

Dogecoin recently showed signs of a potential breakout following a technical rebound above a critical support level.

The asset reversed a downward move after briefly falling below its long-standing trendline.

As momentum builds, analysts observed strong technical indicators that could point toward a significant price rally.

DOGE Holds Support and Eyes Rally

Dogecoin’s daily chart shows signs of a false break, indicating that recent bearish pressure has weakened.

The price of the asset has been in a downtrend from December 2024 until the beginning of 2025, creating lower highs and lower lows.

The downtrend lasted for several months, but it ended when the asset could not keep its price below $0.13.

doge price
Source: X

That failed breakdown occurred on April 7, when DOGE sharply dropped before quickly recovering above support.

The price action diverged from previous failures, resulting in reduced market levels.

DOGE continues to sustain the upward bounce from support at multiple points throughout several days, thus reinforcing bullish price expectations.

As a result, this rebound introduces new upside potential for Dogecoin in the coming sessions.

Professional analysts detect a definite weakening of selling pressure through this action.

This positive development has the potential to become the launching point of a future upward market direction.

The earlier breakdowns tracked down by technical expert Trader Tardigrade have consistently resulted in lower price levels.

The fresh market movement ended differently because price recovery happened inside the established trend area.

The failed effort to break below marks the first false breakdown since last December.

This trend formation follows a typical pattern that appears before big bull market advances.

With DOGE still trading above the identified support, confidence in further upside continues to rise.

Analysts predict DOGE will reach $0.42 as its next price target indicating more than 170% expected ascent from existing market rates.

Dogecoin Forms Triangle Pattern Before Breakout

Alongside the false break, a symmetrical triangle pattern adds further weight to bullish forecasts on Dogecoin.

The asset has remained within a symmetrical pattern for numerous months as it established a narrow compact space of upper and lower trendlines.

DOGE continues to bounce between resistance and support as momentum builds inside the triangle.

doge price chart
Source: X

Trader Tardigrade examined this pattern structure during a recent analysis which proved clear price reactions at all triangle limits.

Each time DOGE hits the upper trendline, it retraces; however, dips toward the lower trendline attract buying pressure.

The most recent reaction from the lower boundary shows DOGE attempting another push higher.

Dogecoin’s location within the triangle area enables price movement to stay volatile even though directional movement becomes restricted.

The stronger the breakout outcome becomes according to analysts when this compression period extends longer. DOGE now approaches a point where it must decide its next major direction.

An explosive price change could occur after resistance is broken because the triangle indicates a price compression system.

The market indicates equilibrium because the trading range continues to decrease. A successful break above the resistance point would show the current negative trend is invalid thus establishing a positive price trend.

Because this setup omits specific price objectives it delivers historically strong market movements when traders break out from these patterns.

Internal pressure accumulation within the pattern indicates future market volatility will decrease prior to an expected rise in prices. DOGE remains near the lower boundary and may soon retest resistance again.

DOGE Eyes $0.70 in Rising Channel

A longer-term analysis from FuaCompany introduces a rising channel on Dogecoin’s monthly chart.

This setup shows that DOGE has formed a series of higher highs and higher lows since its bottom.

DOGE price was trading between parallel boundaries, which make up the bullish design of this price structure.

dogecoin usd
Source: TradingView

DOGE has respected the lower boundary of the channel multiple times, using it as a launch point for upward moves.

Historical price data indicates that the previous $0.05 support level led to an important market surging upward.

The current positioning near mid-channel leaves room for further upside if the pattern holds.

The positive market conditions outlined by FuaCompany will continue despite the possibility of short-lived price corrections.

Short-term price declines may bring DOGE to $0.08 and the cryptocurrency will probably rebound afterward based on previous patterns.

DOGE may climb toward $0.70 in the longer run, testing its 2021 highs if the channel remains valid.

XRP Labeled ‘Meme In Disguise’ Amid $7.5M In Short Positions

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Key Insights:

  • XRP experienced a sharp 17% drop in early April, falling from $2.14 to $1.70 within three days.
  • The decline sparked renewed criticism from trader Crashious Clay, who revealed $7.5 Million in short positions on XRP.
  • Clay argued that XRP lacked utility and compared it to meme coins due to minimal network activity and low on-chain revenue.

XRP continues to face significant criticism from market participants as bearish sentiment grows across the digital asset space.

A prominent trader has described XRP as lacking utility while revealing large short positions against it.

Meanwhile, the token remains volatile, reflecting broader market trends shaped by economic pressures and weak liquidity.

XRP Faces Harsh Criticism Amid Price Drop

XRP saw a sharp price decline in early April, dropping from $2.14 to $1.70 within three days.

The token experienced a 17% decline that caused widespread negative feelings among investors while generating additional concerns about its stability.

The analysts identified both market instability and unfavorable macroeconomic conditions of the ongoing trade war as the main reasons for this devaluation.

A well-known market trader, Crashious Clay, disclosed over $7.5 Million in XRP short positions in March.

The report revealed over $1 Million in earnings from his positions, yet he explained the earnings as falling customer demand, together with persistent market pressure to sell.

Clay suggested that XRP has characteristics similar to meme coins and lacks sufficient on-chain activity.

He noted that speculation about price and historical factors plays a bigger role than real-world implementation in sustaining XRP’s value.

According to him, XRP holders from earlier years are selling aggressively amid weak buying interest from new entrants.

He also claimed that those with high capital avoid XRP due to perceived risk and uncertainty.

XRP Compared to Meme Coins by Prominent Bear

Crashious Clay characterized XRP as the “biggest meme coin in disguise” due to its minimal network activity and lack of utility.

The speaker pointed to minimal revenue activity within the blockchain alongside slow adoption rates as elements indicating market uncertainty for XRP.

Per his analysis, XRP does not reflect real value and only survives on legacy momentum.

The token encounters constant selling pressures from Ripple employees, both inside and outside members of the Ripple organization and existing long-term holders who withdraw from their positions.

The ongoing offloading by sellers, along with limited purchase activities, pushes the asset price toward continued decline.

According to Clay, even major market participants known as whales are refusing to enter the XRP market.

Clay’s position remains that XRP’s $100 Billion valuation is far above its actual worth and mirrors previously inflated tokens like SHIB.

He analyzed their performance by noting that Shiba Inu achieved a $40 Billion market value that dropped to $4 Billion. In his view, XRP may follow a similar path if conditions persist.

XRP Shows Strength Despite Market Decline

Despite negative projections, XRP has performed better than many other major digital assets in recent months.

Year-to-date figures show that XRP declined by just 0.58%, Bitcoin dropped 10.6%, and Ethereum fell over 52%.

The percentage loss for Solana reached 33.66% during this time frame.

This performance contradicts the idea that XRP is significantly weaker than its peers, suggesting some resilience in its market behavior.

Market analysts noted that the current price drop is derived from general market fluctuations rather than a specific event.

According to some experts, the price data shows little volatility, in addition to critics’ fundamental analysis assessments.

Some former critics of XRP have also softened their stance in response to its improved price performance.

In November 2024, Raoul Pal admitted that his earlier recommendation to avoid XRP was premature.

Similarly, Mike Novogratz acknowledged XRP’s continued presence, crediting its active and committed community for supporting its position.

XRP Seen as Undervalued by Experts

Not all analysts agree with the bearish outlook, with several projecting long-term growth for XRP.

Bobby A, following the $0.30 pattern in older years, believes the ongoing $2 price action resembles a missed chance.

He pointed to historical patterns where XRP saw major rallies after prolonged consolidation.

In December 2024, another analyst, Zach Rector, claimed that XRP was still undervalued despite its gains.

According to him, the market value of XRP would reach $48 by determining its future potential growth rates.

Rector noted that strong fundamentals and community support would create long-lasting upward price growth.

Clay’s claims are contradicted by various experts who produce more optimistic XRP market predictions.

While short-term volatility continues, opinions remain split on XRP’s future direction.

PEPE Drops 2.25% As Tornado Cash-Linked Wallets Scoop $4.2M In Tokens

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Key Insights:

  • PEPE fell 2.25% to $0.000007142 as $4.28M is bought by wallets linked to Tornado Cash.
  • Analyst Chandler targeted $0.0000014 as the key 0.382 Fibonacci retracement level.
  • Price formed the double on the 4h chart while RSI shows neutral momentum.

In the last 24 hours, PEPE rose by 0.77%, with its price trading at $0.000007219.

The company’s market capitalization is $3 Billion, also down by the same margin.

However, the daily trading volume is up 2.53% to $501.2 Million.

The price movement comes as attention turns to unusual buying activity from wallets associated with Ethereum withdrawn via Tornado Cash.

Blockchain analytics firm Lookonchain, reported that in the last eight hours, five wallets spent $4.28 Million to buy 611 billion PEPE.

About 15 days ago, these wallets withdrew ETH from Tornado Cash.

Speculation has arisen as to whether the buyers of these funds were involved in past exploit activity, due to the timing and source of these funds.

Unusual Wallet Activity Raises Eyebrows

The five wallets have raised new questions about possible market behavior driven by non-transparent actors.

Because Tornado Cash is used to anonymise crypto movements, links to such platforms can be closely monitored.

In recent hours, these wallets have withdrawn ETH before accumulating large PEPE positions.

These transactions have raised speculation about whether these wallets are associated with hacking events due to the timing of these transactions.

But there is no direct confirmation of this. It seems that the purchase was made at a time when the broader market is weak.

This activity may have played a part in the recent uptick in trading volume.

However, the price is down, which might mean that buying interest is not strong enough to push PEPE higher, at least for now.

Short-Term Patterns Suggest a 25% Rally

The short-term chart patterns indicate that PEPE is currently trading at a critical level.

Analysis of the 4-hour chart shows a double bottom formation around $0.000005500 to $0.00005700.

This is a bullish reversal setup that needs a break above resistance to confirm.

PEPEUSD 4h-chart
PEPEUSD 4h-chart | Source: TradingView

Resistance sits around $0.000007624. If it does break out successfully above this, it could go towards the $0.000009067 mark, which is about 25% higher.

The target for this target is the half-range height of the double bottom pattern plus the neckline breakout zone.

Meanwhile, the chart shows neutral momentum as the Relative Strength Index (RSI) is near 50.

That implies that price can go in either direction, depending on volume and broader market sentiment.

Technical Analysis Points to Mid-Range Fibonacci Targets

Furthermore, according to analyst Chandler, PEPE is looking at the 0.382 Fibonacci retracement level on a separate chart.

It is set at around $0.0000014. The Fibonacci retracement tool is used to find possible price reaction zones during market corrections or rallies.

Pepe Fibonacci retracement
Pepe Fibonacci retracement analysis | Source: X

This implies that traders are taking a look at the mid-level resistance following the recent pullback from early 2025 highs.

The chart has a history of moving quickly once certain resistance levels are cleared, and the current price is still a long way below the peak.

Furthermore, PEPE has bounced from similar setups in 2023 and early 2024 historically.

Trading volume is slightly up, but not yet at the levels seen in stronger rallies.

Inflow and Outflow Trends Suggest Continued Selling Pressure

Conversely, according to CoinGlass on-chain data, PEPE experienced consistent net outflows over the past few weeks. Red bars on the chart show outflows.

The red dominance indicates that more tokens are being taken out of exchanges and possibly into wallets.

PEPE spot inflow/outflow
PEPE spot inflow/outflow | Source: CoinGlass

Even with the net outflows, PEPE’s price has been trending lower since January.

This could suggest that the outflows are not from accumulation but from holders exiting to private wallets to sell at some later time.

Overall market weakness has been followed by a steady downward path of the yellow price line.

A recovery in price might take stronger inflows or the demand at support levels.

Volatility is likely to stay until then, and with the presence of big, unidentified buyers in the market.

China Plans To Dump 15K BTC: Will Bitcoin Crash Below $80K?

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Key Insights:

  • China’s local governments plan to sell 15,000 seized Bitcoins, worth around $1.2 billion, to address regional budget shortfalls.
  • The move could increase market supply and place strong downward pressure on Bitcoin, potentially pushing its price below $80,000.
  • Bitcoin is trading near $83,000 after a recent 2 percent drop, reflecting early market reaction to the news.

China’s local governments are preparing to sell 15,000 seized Bitcoins, creating intense pressure on the global cryptocurrency market. The plan could push Bitcoin below the $80,000 mark amid concerns over increased market supply and legal uncertainty.

Source: X
Source: X

This development follows recent economic strain and growing debates over digital asset handling in the country.

Bitcoin Faces Pressure as China Moves to Offload 15,000 BTC

Local governments in China seek to liquidate extensive Bitcoin holdings collected from previous crackdowns on illegal crypto activities. Assets amounting to $1.2 billion were confiscated following China’s nationwide crypto trading prohibition during 2021.

The authorities want to transfer these Bitcoin holdings to private companies, which will utilize offshore trading platforms for their sale. This swift action seeks to supply regional governments with funds to fund operational deficits in multiple provinces.

However, the decision comes when the Bitcoin price already shows signs of weakening. The asset’s trading price settled at $83,000 and experienced a 2% decrease throughout a single day.

The anticipated mass sale has intensified fears of downward pressure on the Bitcoin market. The circulation of 15,000 BTC may exceed the available market demand. Market participants react to expected effects while international events and economic doubts mount.

China Faces Uncertainty Over Crypto Seizures

China lacks a clear national policy on handling seized digital currencies, leading to inconsistencies among local authorities. The judicial system intervenes with sales decisions because governments contract private entities to perform decentralization processes.

This management method creates legal ambiguities because China maintains strict crypto prohibition policies. The academic leader at Zhongnan University, Chen Shi, strongly disapproved of implementing offshore corporations to circumvent domestic limitations.

Several legal specialists advocate for creating a national crypto reserve operation, which parallels the systems currently discussed by the US. These experts maintain that an official digital asset reserve would provide better management capabilities and enhanced stability.

Winston Ma from NYU Law supports a centralized approach to cryptocurrency regulation. He believes it ensures greater transparency and offers significant national benefits.

Existing practices will remain ambiguous without a regulatory framework, damaging reputations and potentially disrupting markets. Calls for legal reform are growing as China’s digital asset stockpile gains value.

Bitcoin Drops Amid China Sales Fears

Bitcoin’s recent price drop reflects broader unease over China’s upcoming sales and macroeconomic headwinds, including trade tensions. The Bitcoin market saw a decline as the price fell to $83,000. Analysts predict it may drop to $80,000, driven by worsening market sentiment.

Multiple digital assets slid after the market registered its general reaction to these news events. The announcement follows rising friction between China and the U.S., including new tariffs imposed by the Trump administration.

The market sentiment deteriorated following these events. This caused crypto prices to drop and the market to experience long-term price volatility. Current market performance suffers from multiple economic factors and federal policy implementations.

Meanwhile, renewed optimism emerged briefly when Strategy announced a new round of Bitcoin purchases, providing upward momentum. Any future market gains become uncertain if Chinese authorities do not delay their ongoing Bitcoin plan.

The sustained recovery depends on judicial interference or other national policy changes that may guide the current plan.

Bitcoin Rejected at $86K: Is A Crash To $65K Now On The Table?

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Key Insights:

  • Bitcoin experienced a sharp rejection at $86,496, triggering a 3.35 percent drop in price.
  • The price declined to $83,369 as traders took profits and short sellers capitalized on resistance levels.
  • Market momentum slowed further, with a 0.64% dip during Asian and European sessions.

Bitcoin faced a sharp rejection at $86,496, triggering a 3.35% drop and pushing the price toward $83,369. This decline comes as traders took profits, and short sellers acted at a critical price resistance level.

The next key level to watch is the $80,000 mark as price pressure increases. This could define the short-term trend.

Bitcoin Drops 3.35% After Rejection at $86K

Bitcoin failed to hold above the $86,000 mark, sparking a decline of more than 3% from its recent high. Bitcoin experienced its initial downtrend during U.S. market hours. The decline later slowed down during Asian and European trading sessions.

Today’s market performance demonstrated a reduced downfall of 0.64% as Bitcoin maintained a price position at $83,369. BTC’s recent high at $86,496 was a major technical obstacle when traders started dumping assets strongly while initiating short contracts.

Technical traders used this resistance level as their chance to close profits from their long positions before additional market declines. The upward trend has lost power because BTC has settled under its short-term moving average indicators.

The inability of BTC to surpass $84,000 indicates doubtful market psychology. Investors lack sufficient trust in the market’s direction. Market participants are focused on the $80,000 support level.

It needs to hold for the current market movement to sustain itself. Market-wide price adjustments could occur after a drop below this specific price point.

On-Chain Metrics Signal Potential for Deeper Correction

According to on-chain data, BTC supply continues to outpace demand, pointing to a possible top in the current cycle. CryptoQuant’s founder provided a supply-demand chart demonstrating accurate past market cycle predictions.

It also highlighted bearish behavior in the current market conditions. When demand stays weak, prices may decline further into different support levels.

Bitcoin Price vs. 365-Day MA
Bitcoin Price vs. 365-Day MA (2013-2025) | Source: CryptoQuant

The bearish outlook supports Santiment’s Network Realized Profit and Loss (NPL) data. This indicated investors had captured profits since early December.

The historical analysis demonstrated that this metric creates peaks right before market tops, together with weakening momentum during price surges.

The market showed no contrary movement from its December 5 peak as NPL returned to a neutral position. This indicated that profit-taking forces faded without causing an inversion.

BTC NPL
BTC NPL | Source: Santiment

Negative NPL readings emerged after significant market increases during previous bear and bull cycles. This occurred when investors sold their holdings at heavily discounted prices.

The 2021 figures for NPL reached their yearly high of $18.63 billion. After that, it fell into a—$1.83 billion deficit, establishing the year’s low. Current data indicate that BTC may need to see another deep drop in NPL before a strong rebound begins.

Traders Target $65K as Key Support Zones Reappear

Several well-known traders now expect Bitcoin to revisit lower levels between $70,000 and $60,000 before any sustained recovery. The short position highlighted on social platform X targets $65,000 in price action.

It provides evidence using bearish graphics and momentum trading features. These setups rely on BTC failing to hold the $80K support in the coming sessions.

BTC Key Price Levels
BTC Key Price Levels | Source: TradingView

Analysts identify key price areas for present-day consolidation between $80K and $86K. On a long-term basis, price zones around $70K to $60K, established in 2024, are also significant.

The failure against the upper consolidation band establishes resistance, which makes traders believe the critical support will be $80,000. If this level breaks, BTC could quickly fall back to test historical demand zones.

Analyst Warns Of $65 Target As Solana Breaks Crucial Zone

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Key Insights:

  • Solana dropped nearly 5 percent before rebounding to $132.60, testing key support around the 20-day EMA.
  • A bearish right-angled ascending broadening pattern has formed, with a potential downside target of $65 based on technical analysis.
  • Despite the breakdown, Solana gained 5.16% on April 16, signaling short-term buying strength and renewed interest.

Solana price recently slipped, challenging a key technical level and signaling potential downside risks. SOL managed a modest rebound after trading below the 20-day EMA.

However, analysts have pointed to troubling patterns. Despite signs of short-term buying pressure, bearish indicators and technical breakdowns raise concerns about its next move.

Solana Faces Bearish Breakdown as Analyst Signals $65 Target

Solana declined nearly 5% within 24 hours, dropping to $123.72 before rebounding to close at $132.60. This volatility placed SOL at a pivotal support level, the 20-day EMA, around $123.90.

The support level was an essential indicator for potential downtrend initiation after a clear price drop below it. A bearish pattern known as a right-angled ascending broadening formation can now be observed through technical charts.

The price chart showed that a decrease would occur after breaking the lower trendline while trading near the $127 area.

solana price
Source: X

Analysts who apply pattern analysis believe that SOL should drop to $65 after breaking down by $95 from its initial level. The pattern project calculation uses the width measurement of the pattern, which ranges between $165 and $260.

The analyst’s warning aligns with the observed $95 difference. This discrepancy stems from the breakdown point at $130. The $65 price point has developed into a prospective long-term bearish objective.

Solana Price Climbs Despite Bearish Setup

Despite the bearish setup, Solana recorded a 5.16% gain on April 16, closing at $132.60. Market interest increased during that day. This caused the price to achieve an intraday high of $133.91 while starting at $126.10.

Price surged immediately after reaching its low point at $123.46 while dealing with rising market volume. Momentum indicators revealed a positive trend for the short term because RSI and MACD show rising metrics.

Improved momentum became evident as the RSI reached 54.43, exceeding its typical value of 44.19. Market conditions allow further price growth since the momentum indicators stay below their overbought points.

SOL/USD 24-hour price chart
SOL/USD 24-hour price chart | Source: TradingView

The MACD lines displayed positive values as they crossed the signal lines at -1.47 and -4.14 during each observation. A histogram reading of 2.68 suggests a growing trend in market buying power.

This reflected an increase in market momentum. The Klinger Oscillator reading showed 114.16K points above the signal line positioned at 46.96K.

Solana Faces Resistance Near $144 Level

Janover, a real estate financing firm, added $10.5 million to Solana’s holdings. This purchase raised its total to 163,651.7 SOL, with a total value of nearly $21.2 million.

Public statements from the company indicate considerable stakeholder engagement. They will preserve the tokens based on their long-term business plan. On-chain data from Glassnode reveals that over 32 million SOLs are held, costing around $129.79.

Major holders have concentrated their accumulation at this level, which gives this support strong potential. Another 18 million SOLs were acquired at $117.99, forming a secondary support zone.

sol usd
Source: X

The historical pattern of buying activity suggests resistance has formed near $144 simultaneously, with support standing at $117.

The existing trading zone spans $129 to $12,9, with $129 establishing itself as the central mark. SOL may remain bound within this zone unless a clear breakout occurs in either direction.

Solana NFT Trading Returns in Beta

Solana gained exposure as OpenSea resumed limited token trading support for the blockchain. This new functionality is accessible to specific users, while the vendor plans to add more users progressively.

The combined system will promote improved visibility and increased market liquidity throughout the NFT marketplace.

Market sentiment could shift as OpenSea plans to reintroduce Solana-based NFTs. Implementing this change can potentially attract additional users, driving more participation across the network.

However, the present beta phase prevents immediate business outcomes. The ongoing development initiatives and adoption strategies fail to eliminate technical indicators that influence short-term market dynamics.

The market momentum has changed direction briefly, while descending risks persist after the latest price breakdown. Current market trends indicate traders will use $117 and $129 as their primary reference points for determining short-term price movements.

Altcoin Rally Loading? Stablecoin Inflows Signal Market Shift

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Key Insights:

  • Stablecoin inflows continue to rise, signaling growing strength in the digital asset market and setting the stage for potential Altcoin movement.
  • USDC deposits surged on Solana, pushing its total value locked to $8.57 billion and strengthening its role in altcoin development.
  • Tron recorded $824.5 million in USDT inflows within one week. This reinforces its position in emerging markets and supports Altcoin ecosystem growth.

The stablecoin market has recorded consistent inflows, pointing to growing momentum across the broader digital asset sector. Matrixport data showed that stablecoin deposits are increasing despite volatility in traditional financial systems.

steady stablecoin
Source: X

This development signals a potential shift as the crypto market shows signs of maturing and gaining independence.

USDC Gains Momentum with Solana as Primary Beneficiary

USDC has recorded strong growth recently, with Solana emerging as a key network driving stablecoin adoption. In December 2024, Solana processed over $1 billion worth of USDC deposits while witnessing substantial network growth.

Solana recorded a significant growth in total value locked (TVL). It reached $8.57 billion in January 2025 through the new inflow.

The surge reflects growing confidence in the network’s low fees and speed, especially for stablecoin-based applications. The performance upgrades at Solana established faster transaction times, driving users from other slow blockchains into the platform.

Solana has earned a favorable status within the developer and financial application market. Improving regulatory standards directs more on-chain operations toward efficient, compliant platforms.

USDC transactions on Solana’s chain have substantially increased because of its focus on industry trends. Users opt for Solana because it provides an environment suitable for transactions and long-term usage through the growing deposit activity.

USDT Sees Uptick with Tron Leading Emerging Market Activity

USDT inflows grew sharply in February 2025, with Tron receiving weekly $824.5 million in stablecoin reserves. The Tron network leads through its market dominance across new economies, where its USDT transaction volumes remain very high.

The network stands out because of its low fees and dependable performance. It is suitable for commercial activities and remittance transactions.

Tron’s payment infrastructure developments continue to grow in Latin America, Africa, and Southeast Asia. The instability of local currency in these areas makes USDT a trustworthy alternative for conducting regular transactions.

Financial access has become possible through the network in locations lacking standard banking institutions. This trend has elevated Tron’s position in the stablecoin ecosystem, boosting its relevance for real-world use cases.

The adoption of USDT through financial platforms created an additional path for global users to be attracted to it. Tron blockchain depends heavily on USDT since it is its pivotal token for all blockchain activities that generate traffic and usage statistics.

SUI Gains Ground in Stablecoin Market

Ethereum recorded a $208 million stablecoin outflow in early 2025 despite its core role in decentralized finance (DeFi). This movement points to a shift in user preferences toward faster and more cost-effective chains.

Numerous platforms now attract liquidity because they deliver better scalability and higher efficiency. In contrast, SUI is emerging as the leading blockchain this month in terms of stablecoin growth.

The chain has attracted attention for its speed and growing ecosystem, making it attractive for stablecoin use. SUI attracts more users who want to leave high-fee networks because of its growing utility.

Other Ethereum-compatible chains such as Polygon, Optimism, and Base also record consistent inflows. This reflected an evolving landscape where users prioritize low-cost environments for stablecoin transactions.

TON and Avalanche have let $506 million and $280 million leave their networks because of varying network activity patterns.

Stablecoins Drive Financial Access Worldwide

Stablecoins are now more widely used than Bitcoin in Latin America, Southeast Asia, and Africa. The assets provide liquidity support to people who save, transfer money, and conduct business while operating with erratic regional currencies.

Evidence from Nigeria, Turkey, India, Indonesia, and Brazil shows these assets are more commonly used than Bitcoin.

Prior year and future
Prior year and future expected stablecoin usage | Source: castleisland.vc

In these countries, stablecoins are a reliable entry point to digital finance. Stablecoins provide users with multiple benefits, including stable prices, international usability, and quick digital transaction options through mobile features.

Such a technology improves financial accessibility, particularly in areas with limited access to traditional banking services. Chainalysis and Visa-backed research show that stablecoin usage is growing faster than expected in these markets.

The data revealed that stablecoins provide an efficient solution for individuals facing economic instability. As adoption rises, stablecoins are integral to daily financial activity in many regions.

STABLE Act Boosts Confidence in Stablecoins

The STABLE Act, recently passed in the United States, established rules for all USD-pegged tokens, including USDC and USDT.

This regulatory clarity has helped solidify stablecoins’ legitimacy within the broader financial system and reassure users that these assets can comply with financial standards.

The November 2024 U.S. election, followed by crypto policy backing, increased users’ involvement in digital asset markets. Under the new government’s direction, various blockchain networks have seen rapid infrastructure development alongside network enhancements.

Whale Transfers $63M In XRP To Coinbase As Futures Launch Nears

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Key Insights:

  • A whale transferred over 29 million XRP, worth approximately $63.81 million, to a Coinbase-linked wallet.
  • The transaction occurred at 12:12 p.m. UTC and came ahead of Coinbase’s planned XRP futures launch next week.
  • On-chain data suggested the transfer was an internal Coinbase movement for fund consolidation or liquidity management.

Recently, a significant XRP movement occurred as a whale shifted over 29 million XRP coins to a Coinbase wallet. The transfer occurred at 12:12 p.m. (UTC) and was valued at approximately $63.81 million.

This transaction aligns with Coinbase’s upcoming launch of XRP futures contracts. The launch is scheduled for next week.

XRP Whale Transfer Linked to Coinbase

The wallet transferred 29,532,534 XRP to a Coinbase-linked address. Each coin was valued at approximately $2.16 during the transaction.

Whale Alert first identified the sender account as an unknown entity. At the same time, on-chain analysis confirmed that the sender was an internal Coinbase operation. The sending address, activated on April 11, 2025, has received XRP from multiple sources.

whale transfer
source: X

Coinbase has used this address to collect XRP from several wallets for fund consolidation or liquidity management. After today’s large transfer, it holds only 10 XRP. The existence of this pattern confirms operational fund transfers instead of retail activities.

The destination address, linked to user withdrawals, quickly distributed nearly 28 million XRP across more than 100 transactions. This wallet currently holds 1.55 million XRP, valued at $3.34 million.

Ripple Wallet Moves 70 million XRP

On April 14, a separate XRP whale shifted 70 million XRP worth $150.36 million to an unidentified address. According to Bithomp records, the sender wallet, which Ripple controlled, became active in October 2023. It previously received 200 million XRP from Ripple on April 11, 2025.

The wallet continues to be active in Ripple-related transactions, which indicates that Ripple participates in broad liquidity management. Liquidity provisioning and institutional settlement seem to be the most probable applications for which the purpose of this XRP activity remains undefined.

Several experts believe Ripple uses this wallet to support ODL clients and create exchange-traded funds. The wallet has shown consistent activity with high-value XRP transfers, indicating its role in more extensive ecosystem operations.

Market liquidation events and market-making activities tend to trigger these movements. The April 14 fund transfer continues the documented practice of Ripple reallocating its funds.

A known community tracker reported the possibility that Ripple will utilize these funds for exchange liquidity arrangements and ETF backing.

Though speculative, these assumptions align with recent XRP product launches. Ripple’s participation in large-scale market events remains supported by its coordinated transfer actions.

XRP Liquidity Gains Momentum Ahead of Potential ETF Approval

XRP’s liquidity has grown strongly over recent months, boosting its position in the broader crypto market. A Kaiko Indices report showed that XRP and Solana exhibit the deepest 1% market depth on verified platforms.

This highlighted their strong liquidity and trading activity. Since late 2024, XRP’s liquidity performance has surpassed Solana’s and doubled Cardano’s.

Live Crypto ETF Applications
Live Crypto ETF Applications | Source: Kaiko

This improved liquidity has supported XRP’s ambitions for inclusion in a U.S. spot ETF. Teucrium’s 2x leveraged XRP ETF launch helped increase institutional exposure and daily trading volume.

Volume surpassing $5 million marked the newly launched fund as Teucrium’s biggest success during its inaugural day. Despite lacking a strong futures market like Bitcoin, XRP continues gaining ground in the U.S. spot trading sector.

The cryptocurrency achieved an all-time high share value since it survived the difficulties brought by the SEC’s legal actions. Multiple factors have generated rising expectations that future regulatory developments are imminent.

Once higher than XRP’s, Solana’s market dominance has dropped from 30% to 16% as XRP gains more ground. Meanwhile, XRP remains above the $2 mark and trades at $2.16, reflecting its resilience.

The coin demonstrated an 11.66% increase throughout the past week alongside a 31% price surge starting from April 7.

ADA Whales Dump 100M Coins: Is Cardano Headed For Price Shock?

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Key Insights:

  • Despite recording weekly gains, Cardano’s price dropped to $0.6205 after a 2.3% decline.
  • Over 100 million ADA were dumped by large holders in one week, causing a sharp shift in market sentiment.
  • The whale selloff followed a brief rally from $0.51, prompting concerns about long-term confidence in ADA.

Cardano’s (ADA) market performance has drawn attention after a sharp whale dump of 100 million ADA shook recent gains. The token recently traded at $0.6205, showing a 2.3% daily decline despite a weekly rise.

While short-term data reflect minor recoveries, indicators suggest a growing pressure that could impact Cardano’s near-term direction.

ADA Whale Dump Sparks Price Drop

Large ADA holders reduced their positions by over 100 million coins within one week, triggering market-wide attention. Following a short price recovery period, the market experienced downward pressure.

It reached its minimum point of $0.51 in April. The participants viewed this action as profit extraction following a brief market rebound.

ada price
Source: X

The sizable dump has questioned major market participants’ confidence in the long term. As this adjustment occurred, the price stabilized between $0.63 and $0.65.

The consolidation spanning $0.63 to $0.65 has recently displayed weakening signs, leading to a price drop to $0.6205. According to their analysis, leading analysts noticed that the whale selloff triggered potential rises in market volatility.

The price decline triggered market volume variations, indicating deteriorating short-term market demand. The current market support may be at risk if more selling occurs because it could break essential technical elements. This might accelerate price lowering.

Cardano Technical Indicators Signal Bearish Trend

Despite moderate weekly gains, Cardano’s technical setup reflected growing downside risks across several indicators. The Relative Strength Index (RSI), which displayed a value of 44.31, signaled neutral market momentum that approached oversold territory.

The indicator indicated weak demand growth because sellers maintain their trading authority. Current market analysis pointed to bearish trends because the MACD line stayed under the signal line during this short-term period.

The measurement in the histogram has become marginally positive to 0.0048, yet overall momentum levels remain minimal. Such an early signal cannot develop into a sustainable market recovery without additional strong buying power shortly.

ADA/USD 24-hour price chart
ADA/USD 24-hour price chart | Source: TradingView

According to Chaikin Money Flow, the reading shows 0.02, indicating a weak flow of capital into the market. The overall force of value accumulation is weak since this value stays above zero.

Market uncertainty persists across wider sectors, even though recovery aspects can be identified sporadically.

ADA Liquidity Drops as Supply Shrinks

Recent on-chain data revealed consistent ADA outflows from exchanges since November 2024, suggesting longer-term holding activity.

These net outflows indicated that participants moved ADA to private wallets rather than engaging in short-term trades. The decreasing exchange supply indicates that market liquidity will decrease, resulting in reduced price fluctuation.

ADA Spot Inflow/Outflow
ADA Spot Inflow/Outflow | Source: Coinglass

Major outflows occurred during high-volatility events, particularly in March and January, affecting ADA’s short-term trend. Suppliers engaged in substantial selling activities that decreased prices as the market faced uncertainties.

The overall trend showed more ADA-exited exchanges than entered during the observed periods. However, small amounts were entered during times of market increase.

The pattern of declining exchange supply suggests that most participants expect longer-term value from ADA despite current short-term weakness. Lower exchange activity leads to decreased market liquidity.

This produces exaggerated price movements during periods of market decline. A rapid change in market sentiment would result in prices moving firmly up or down.

Cardano Developments Fail to Lift Price

Recent remarks by Cardano founder Charles Hoskinson suggested several network developments that could impact the project’s future direction. The plan includes new ecosystem enhancements and potential collaboration opportunities to accelerate adoption within multiple industrial sectors.

These emerging network prospects have failed to produce distinct price changes in the present market. These announcements made consumers feel more optimistic but failed to result in lasting market price increases.

The difference between basic network operations and market valuation exists because market participants exhibit conservative movements in the present trading period. Trading participants prefer additional confirmation signals before implementing bullish price actions.

Cardano’s broader market position remains mixed, with modest gains quickly erased amid pressure from large selloffs. The cryptocurrency market reacted strongly to whale transactions because its value decreased from $0.6557 to $0.6205.

Further signals will be needed to determine whether ADA can recover or continue its decline soon. Cardano price action now hovers at a crossroads between a possible breakout and further decline, depending on near-term developments.

The combination of technical and on-chain data suggests weakening conditions, but they have not established confirmation for a breakdown. If it continues declining below $0.6200, the ADA price might decrease toward $0.60 support.

Whales Accumulate 800M DOGE As Bullish Chart Pattern Takes Shape

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Key Insights:

  • Whale wallets scooped 800 million DOGE between April 12 and April 14.
  • DOGE formed the inverse head and shoulders pattern with its neckline at $0.170.
  • The Long/short ratio rebounded, showing rising bullish sentiment in derivatives.

Over 800 million DOGE was accumulated by large Dogecoin holders in the last two days, rekindling market interest.

On the other hand, an inverse head and shoulders pattern has formed on the chart with the $0.170 level as a key resistance for a potential breakout.

Whale Accumulation Grows as Dogecoin Price Recovers

Data from Santiment shows that large Dogecoin holders have been increasing their holdings in the past 48 hours.

Between April 12 and April 14, the wallets holding more than 1 billion DOGE coins acquired over 800 million DOGE.

The action occurred amid a short-term price recovery when Dogecoin was trading around $0.145 and $0.165.

Dogecoin wallets holding
Dogecoin wallets holding more than 1 billion DOGE | Source: Santiment

As seen on the Santiment chart, the total holdings of these major wallets jumped from around 71.38 billion DOGE on April 11 to 72.18 billion DOGE on April 14.

This increase is due to a 1.12% increase in whale-held supply, as prices have also increased during this period.

Prices were low near $0.131 on April 6 but started recovering steadily from April 8.

Inverse Head and Shoulders Pattern Forms on 4-Hour Chart

Meanwhile, as per Trader Tardigrade’s technical analysis, Dogecoin was forming an inverse Head and Shoulders (iH&S) pattern.

This is a setup that has shown up on the 4-hour chart, consisting of three main lows, two higher lows (shoulders), and one lower low (head).

When confirmed, this type of pattern can indicate a trend reversal.

Dogecoin head
Dogecoin head and shoulders pattern | Source: X

On April 7, the head was formed near $0.127, while two shoulders were formed on April 4 near $0.156 and on April 15 near the price area.

The neckline was a resistance line at around $0.170.

A bullish breakout from this pattern may be confirmed if the price closes above this level with strong trading volume.

Dogecoin false
Dogecoin false break | Source: X

Conversely, a false breakdown earlier this month was also mentioned by the trader. DOGE dropped below key support around $0.145 but recovered quickly.

After the recovery, the price traded consistently above that support, which TATrader_Alan said is a classic false break. “A new DOGE bull run could start from this false break,” he added.

Long/Short Ratio Shows Slow Shift in Market Sentiment

CoinGlass provides more data on market positioning. The DOGE long/short ratio, which measures the ratio of taker buy and sell volume, fell from above 1.05 on April 1 to below 0.92 on April 6.

Such a drop implies that more traders were opening short positions, anticipating the price to drop.

DOGE long/short
DOGE long/short ratio chart | Source: CoinGlass

But, from April 7 to April 11, the ratio started to rise again. By April 15, it had reached about 0.95, which indicates a rise in long-interest.

This upward movement, however, while it is still below 1.0, is a trend towards more balanced trading.

Sometimes, periods in which shorts are dominant and then longs increase can cause a change in price momentum.

If Dogecoin manages to break the $0.170 level, it could set off stop losses on short positions and cause a rapid rise in prices.

The Market is Focused on $0.170 Price Level

The $0.170 resistance level is at the center of DOGE’s price action. This level is the neckline of the H&S pattern and is also a psychological level in the market.

The trend is still uncertain as the pattern has not been confirmed without a close above this level.

Whale buying, early technical setup, and changing sentiment create a confluence of factors that could lead to more price activity.

However, traders may be cautious without a breakout. Any further upside will depend on volume and confirmation.

XRP Holds $2.15: Is This The Calm Before A $15 Crypto Storm?

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Key Insights:

  • XRP maintained its position above the $2.15 support level despite a slight dip in trading volume.
  • The token recorded a 0.23% intraday gain while reaching a 24-hour high of $2.18.
  • Market analysts suggested that XRP had reached its bottom during the April 7 session.

On Monday, Ripple (XRP) held steady above the $2.15 level, gaining marginal ground in a relatively flat market session.

While the broader crypto space stayed green, XRP’s price resilience sparked fresh debate around a potential bottom.

The XRP crossover happened because experts recognized technical signs and fundamental factors indicating a substantial market movement.

XRP recorded a 0.23% daily change, keeping its price close to the $2.15 support zone as trading activity decreased by 25% to $2.99 Billion.

Despite the dip in volume, XRP maintained its 24-hour high of $2.18 and showed relative strength.

XRP maintained its place among leading cryptocurrency assets because its market value reached $125.33 Billion.

Technical analysts follow potential evidence for establishing a sustainable market floor, even though momentum indicators produce inconsistent results.

Market sentiment became stronger because of technical patterns, ETF speculation, and capital flow patterns.

Resistance Levels Hold Back XRP Price Rally

Analyst EGRAG CRYPTO suggested that XRP may have reached its lowest point during the April 7 trading session.

He noted that for the trend to be confirmed, XRP must close a weekly candle fully above key resistance levels.

The crucial resistance points for XRP price movement include $2.10, the 21-week EMA, and the essential condition of completing a weekly candle fully above $2.25.

xrp price chart
Source: X

Despite the recent uptick, XRP failed to close above the key resistance of $2.25 during the last session.

Under the present market environment, the trend reversal for XRP still needs further confirmation. If XRP breaks above this resistance, it could lead to sustained bullish momentum.

XRP closed the last candle at $2.1462 on Binance, down 2.37% from the session’s peak of $2.2013.

During the session, XRP reached a low value of $1.9555 before climbing back to its highest point at $2.2013. However, it failed to maintain above $2.25.

The asset fought between support and resistance levels, resulting in this market wave motion.

XRP Indicators Signal Neutral Market Trend

The Relative Strength Index reached 49.28, demonstrating market indecision because this figure reflects neither overbought nor oversold levels.

At press time, the RSI showed signs of improvement because it had recently recovered from its low point near 32.70.

The market shows signs of short-term recovery since prices rebounded above oversold levels.

XRP|USD 24-hour price chart
XRP|USD 24-hour price chart | Source: TradingView

The MACD indicator suggested declining bullish sentiment because its line fell beneath its signal line.

At the time of writing, the MACD line was at -0.0559, but the signal line stood at -0.0457.

Near-term price movements need caution because existing data suggests an upcoming interruption of the ongoing recovery process.

Accumulation mainly occurred in XRP’s market despite the maximum Chop Zone indicator reading, which supported this trendless condition.

This aligns with XRP’s recent price consolidation pattern over the past few weeks.

XRP ETF Speculation Drives Bold Forecasts from Experts

In a separate development, analyst Zach Rector shared a bold price target of $15 for XRP based on potential ETF inflows.

He cited data suggesting inflows of $4 to $8 Billion could enter XRP-based ETFs within the first year of launch.

The analyst states that this inflow of funds would produce substantial growth in market capitalization.

Rector applied a market cap multiplier model, calculating that a $4 Billion inflow could expand XRP’s market cap by $800 Billion.

When the new $125 Billion amount is incorporated, the combined worth of assets would reach approximately $925 Billion.

With 60 billion XRP tokens circulating, this would lead to a price near $15.42.

Real-time evidence demonstrated that the market cap rose by $7.74 Billion, while the inflows amounted to $12.87 Million.

That move represented a 601x multiplier, reinforcing the effect ETFs might have on XRP’s value.