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16 04, 2025

How High Can Bitcoin Go? This Expert Predicts BTC Price Jump to $137,000

By |2025-04-16T04:02:38+02:00April 16, 2025|Crypto News, News|0 Comments

Bitcoin’s
price (BTC) as of today (Wednesday), April 16, 2025, hovers around $85,962,
recovering from a dip below $80,000 last week. The crypto community is abuzz
over a bold prediction from analyst Titan of Crypto: Bitcoin could surge to
$137,000 by Q3 2025, driven by massive liquidity injections from the U.S.
Treasury.

In this guide,
we’ll unpack Titan of Crypto’s bullish outlook, explore the forces lifting
crypto in 2025, and answer the most important questions. How high can Bitcoin
go? What’s fueling this rally? And how should retail investors position
themselves?

During
Tuesday’s session, Bitcoin’s price is up about 1.3%, reaching an intraday high
of $86,000, one of the highest levels in April.

As a
result, Bitcoin’s total market capitalization rises to over $1.7 trillion, with
a 24-hour trading volume of $28.7 billion.

Bitcoin price today. Source: CoinMarketCap

However,
one analyst on X (formerly Twitter) claims Bitcoin’s price could soon be much
higher.

Why Will Bitcoin Soar?
Titan of Crypto’s $137,000 BTC Prediction

Titan of
Crypto’s forecast, shared in an April 13, 2025, X post, is grounded in
technical and macroeconomic analysis. The analyst predicts Bitcoin could hit
$137,000 by July–August 2025, citing a bullish pennant pattern and U.S.
Treasury liquidity injections.

“Bitcoin
$137,000 in the Cards? BTC has formed a bull pennant on the daily chart. If it
plays out, a new ATH could be reached,” Titan of Crypto wrote.

Here’s
why this prediction is gaining traction:

  • Liquidity Surge: Macroeconomic analyst “Tomas
    on Markets” highlights the U.S. Treasury’s injection of $500 billion into
    markets since February 2025, drawing down its Treasury General Account
    (TGA) from $842 billion to $342 billion. This boosts net Federal Reserve
    liquidity to $6.3 trillion, with projections of $6.6 trillion by August if
    debt ceiling talks extend. “This liquidity surge could lift speculative
    assets like Bitcoin,” Tomas commented on X.
  • Historical Correlation: Financial analyst Lyn Alden’s
    research shows Bitcoin moves in line with global liquidity 83% of the time
    over 12 months, outperforming assets like the S&P 500 and gold. Past
    TGA drawdowns in 2022 and 2023 fueled BTC rallies, and a projected $600 billion
    boost by Q3 2025 could do the same.
  • Technical Breakout: Titan of Crypto’s chart
    analysis identifies a bullish pennant on Bitcoin’s daily chart, signaling
    a potential breakout. If BTC clears resistance at the 200-day exponential
    moving average (EMA) near $90,000, it could target $137,000, a 60% jump
    from current levels.
  • Market Resilience: Despite tariff concerns,
    apparent exemptions have eased U.S. Treasury yields, reducing pressure on
    risk assets.

Why Is Bitcoin Going Up in
2025? Liquidity, ETFs, and More

Bitcoin’s
rally isn’t just hype—it’s driven by a confluence of macroeconomic and
crypto-specific factors. Here’s a breakdown of the forces propelling BTC, with
insights for retail investors:

U.S. Treasury Liquidity
Injections

The
Treasury’s TGA drawdown is a game-changer. By releasing $500 billion since
February, the government has flooded markets with cash, boosting liquidity to
$6.3 trillion.

“The TGA
balance dropping to $342 billion means more cash in the system,” Tomas
explained. With another $600 billion expected by Q3, Bitcoin—historically tied
to liquidity—could see a massive tailwind. Retail investors should note that
past drawdowns in 2022 and 2023 sparked BTC rallies of 50%+.

ETF Inflows and
Institutional Adoption

Bitcoin
ETFs are a major driver. Self-directed retail investors account for 80% of ETF
flows, while institutions like MicroStrategy continue stockpiling BTC.

“Expected
ETF inflows of $70B+ in 2025 could push Bitcoin to $200,000,” Bernstein
analysts predicted. For retail investors, ETFs offer a low-risk way to gain
exposure without holding BTC directly.

Post-Halving Supply Shock

The April
2024 halving cut mining rewards to 3.125 BTC, tightening supply. Historically,
halvings precede bull runs (e.g., 2020’s 600% surge).

Tariff Exemptions and
Easing Yields

Trump’s
tariffs sparked fears of a risk-off market
, but recent exemptions have calmed
nerves. Lower U.S. Treasury yields reduce pressure on speculative assets,
giving Bitcoin room to climb.

Bullish Market Sentiment

Crypto’s
resilience is evident in order books. “On Binance, buy-side liquidity for
BTC/USDT is 10x higher than sell-side,” noted Dr Kirill Kretov,
Senior Automation Expert at CoinPanel. Large players are moving
BTC to cold storage, signaling confidence.

How High Can Bitcoin Go? Bitcoin
Price Chart Technical Analysis

Based on my
technical analysis, Bitcoin has been stuck in a deadlock since late February.
Neither buyers nor sellers can decide which direction to take, and two key
moving averages have converged.

I’m
referring to the 50-day exponential moving average (50 EMA), marked in red, and
the 200-day EMA, marked in blue. The price is currently trading at their level,
indicating the market has reached a balance within a consolidation range
between resistance at $87,400 (local highs from March) and support at $78,000
(lows from last month and late February).

Bitcoin price technical analysis. Source: Tradingview.com

If
Bitcoin’s price breaks above the yellow-highlighted sideways channel, it faces
significant resistance in the $90,000–$92,000 zone, defined by lows from
November to February. Only a move above this level would make me bullish on the
BTC/USD chart again. The resistances I currently identify are:

  • $87,400
    – upper consolidation boundary
  • $90,000–$92,000 – resistance
    zone from late 2024/early 2025 lows
  • $100,000
    – psychological level
  • $102,300 – local highs tested
    in December and early January
  • $108,000 – all-time high from
    December 2024, which also capped gains in January 2025

If Bitcoin
breaks below the current consolidation, the first support lies at $74,500.
Personally, I wouldn’t expect a sharper decline beyond the $66,000–$68,000
zone, where October 2024 lows are located. The main support levels are:

  • $78,000
    – lower consolidation boundary
  • $74,500
    – April lows
  • $72,000 – highs from May and
    June 2024
  • $68,000
    – highs tested in July 2024
  • $66,000 – October 2024 lows,
    after which the rally to new all-time highs began in 2025

Bitcoin price support and
resistance zones table

Support Levels

Description

Resistance Levels

Description

$78,000

Lower
boundary of the current consolidation range, tested in March and late
February 2025.

$87,400

Upper
boundary of the consolidation range, marked by local highs from March 2025.

$74,500

April
2025 lows, acting as a near-term support level below the consolidation.

$90,000–$92,000

Resistance
zone defined by lows from November 2024 to February 2025, a critical hurdle
for bullish momentum.

$72,000

Highs
from May and June 2024, providing deeper support if selling pressure
increases.

$100,000

Psychological
level, likely to attract attention and potential selling pressure.

$68,000

Highs
tested in July 2024, a significant level from mid-2024 price action.

$102,300

Local
highs tested in December 2024 and early January 2025, a key barrier to new
highs.

$66,000

October
2024 lows, the starting point for the rally to new all-time highs in 2025.

$108,000

All-time
high from December 2024, which capped gains in January 2025.

Why Bitcoin Might Stall?

Not
everyone is all-in on the $137,000 call. Bearish risks include:

  • Debt Ceiling Deadlock: If Congress resolves the debt
    ceiling early, TGA drawdowns could slow, capping liquidity at $6.3
    trillion. “No liquidity, no rally,” Tomas warned.
  • Tariff Risks: While exemptions help,
    renewed trade wars could spike yields and crush risk assets.
  • Technical Resistance: Failing to break the 200-day
    EMA for long could trap BTC below $85,000, delaying the rally.

“Prediction that Bitcoin breaking through $137,000 by late summer may be overlooking critical dynamics playing out beneath the surface,” thinks Kretov. “We are in a period of extreme uncertainty with escalating geopolitical tensions, global economic fragility, and a pervasive risk-off sentiment. Gold, not Bitcoin, has resumed its role as a safe-haven asset in this climate.”

You may also like: How Low Can Bitcoin Go? This Expert Predicts BTC Price Drop to $10,000

Still,
bulls dominate. The April 2024 halving, ETF momentum, and liquidity injections
create a strong case. Below is a table of bullish Bitcoin price predictions for
2025:

Bitcoin Price Prediction 2025 Table

Source

2025 Price Prediction

Key Drivers

Titan of Crypto

$137,000

TGA
liquidity ($600B+), bullish pennant, EMA breakout.

Bernstein

$200,000

ETF
inflows ($70B+), Trump’s pro-crypto policies, halving supply shock.

Standard Chartered

$200,000–$250,000

U.S.
retirement fund uptake, potential BTC reserve, options trading growth.

Bitfinex

$145,000–$200,000

Historical
cycle trends, moderating returns, liquidity correlation.

H.C. Wainwright & Co.

$225,000

Spot ETF
traction, corporate adoption, favorable macro signals.

These
forecasts hinge on liquidity, regulatory clarity, and Bitcoin’s scarcity. While
bears see tariff and macro risks, bulls argue that 2025’s unique catalysts could
push BTC to new highs.

“We are likely to
continue seeing dramatic but meaningless moves, 10% drops overnight and 15%
rebounds over weekends. It’s all noise. The market lacks conviction, and high
emotional sensitivity fuels volatility,” adds Kretov. “Even traditional markets are behaving like memecoins. In that context, why expect Bitcoin to be any different?”

Bitcoin Price Prediction,
FAQ

How High Will Bitcoin
Climb?

Titan of
Crypto’s $137,000 call—a 60% jump from $85,838—rests on liquidity and
technicals. “If it plays out, a new ATH could be reached,” the analyst said.
Historically, BTC rallies 50%–600% post-halving, so $137,000 is plausible,
though $100K–$120K is a safer bet for Q2.

How Much Will 1 Bitcoin Be
Worth in 2025?

Predictions
range from $137,000 (Titan of Crypto) to $250,000 (Standard Chartered).
“Putting price and time together is tough,” Tomas noted. Liquidity, ETFs, and
halving effects favor bulls, but tariff risks could cap gains—expect swings.

What If I Bought $1 of
Bitcoin 10 Years Ago?

In April
2015, BTC averaged $250. A $1 investment bought 0.004 BTC. At $85,838, that’s
$343—a 343x return. If BTC hits $137,000, your $1 becomes $548, outpacing most
assets. Even at $100,000, it’s $400, showcasing BTC’s long-term potential.

Is It Worth Having $100 in
Bitcoin?

Yes, for
risk-tolerant investors. At $85,838, $100 buys 0.001165 BTC. If BTC hits
$137,000, that’s $159; at $200,000, it’s $233. “There’s going to be decent
volatility, a lot of trading opportunities,” Kretov said. $100 is a low-stakes
entry, but brace for dips.

Should I Buy Bitcoin Now?

Tes, but Titan
of Crypto’s view isn’t guaranteed. “Let’s see if the price can break to the
upside,” they cautioned. If you’re long-term focused, buying on dips near
$80,000–$82,000 could pay off, given historical rebounds (e.g., 2023’s 150%
surge).

Is Bitcoin Still “Digital
Gold”?

“Bitcoin
moves with global liquidity,” Lyn Alden’s research shows, reinforcing its
speculative appeal. While gold shines in crises, BTC’s 21 million coin cap and
halving-driven scarcity make it a compelling hedge—monitor liquidity trends to
gauge its role.

Bitcoin’s
price (BTC) as of today (Wednesday), April 16, 2025, hovers around $85,962,
recovering from a dip below $80,000 last week. The crypto community is abuzz
over a bold prediction from analyst Titan of Crypto: Bitcoin could surge to
$137,000 by Q3 2025, driven by massive liquidity injections from the U.S.
Treasury.

In this guide,
we’ll unpack Titan of Crypto’s bullish outlook, explore the forces lifting
crypto in 2025, and answer the most important questions. How high can Bitcoin
go? What’s fueling this rally? And how should retail investors position
themselves?

During
Tuesday’s session, Bitcoin’s price is up about 1.3%, reaching an intraday high
of $86,000, one of the highest levels in April.

As a
result, Bitcoin’s total market capitalization rises to over $1.7 trillion, with
a 24-hour trading volume of $28.7 billion.

Bitcoin price today. Source: CoinMarketCap

However,
one analyst on X (formerly Twitter) claims Bitcoin’s price could soon be much
higher.

Why Will Bitcoin Soar?
Titan of Crypto’s $137,000 BTC Prediction

Titan of
Crypto’s forecast, shared in an April 13, 2025, X post, is grounded in
technical and macroeconomic analysis. The analyst predicts Bitcoin could hit
$137,000 by July–August 2025, citing a bullish pennant pattern and U.S.
Treasury liquidity injections.

“Bitcoin
$137,000 in the Cards? BTC has formed a bull pennant on the daily chart. If it
plays out, a new ATH could be reached,” Titan of Crypto wrote.

Here’s
why this prediction is gaining traction:

  • Liquidity Surge: Macroeconomic analyst “Tomas
    on Markets” highlights the U.S. Treasury’s injection of $500 billion into
    markets since February 2025, drawing down its Treasury General Account
    (TGA) from $842 billion to $342 billion. This boosts net Federal Reserve
    liquidity to $6.3 trillion, with projections of $6.6 trillion by August if
    debt ceiling talks extend. “This liquidity surge could lift speculative
    assets like Bitcoin,” Tomas commented on X.
  • Historical Correlation: Financial analyst Lyn Alden’s
    research shows Bitcoin moves in line with global liquidity 83% of the time
    over 12 months, outperforming assets like the S&P 500 and gold. Past
    TGA drawdowns in 2022 and 2023 fueled BTC rallies, and a projected $600 billion
    boost by Q3 2025 could do the same.
  • Technical Breakout: Titan of Crypto’s chart
    analysis identifies a bullish pennant on Bitcoin’s daily chart, signaling
    a potential breakout. If BTC clears resistance at the 200-day exponential
    moving average (EMA) near $90,000, it could target $137,000, a 60% jump
    from current levels.
  • Market Resilience: Despite tariff concerns,
    apparent exemptions have eased U.S. Treasury yields, reducing pressure on
    risk assets.

Why Is Bitcoin Going Up in
2025? Liquidity, ETFs, and More

Bitcoin’s
rally isn’t just hype—it’s driven by a confluence of macroeconomic and
crypto-specific factors. Here’s a breakdown of the forces propelling BTC, with
insights for retail investors:

U.S. Treasury Liquidity
Injections

The
Treasury’s TGA drawdown is a game-changer. By releasing $500 billion since
February, the government has flooded markets with cash, boosting liquidity to
$6.3 trillion.

“The TGA
balance dropping to $342 billion means more cash in the system,” Tomas
explained. With another $600 billion expected by Q3, Bitcoin—historically tied
to liquidity—could see a massive tailwind. Retail investors should note that
past drawdowns in 2022 and 2023 sparked BTC rallies of 50%+.

ETF Inflows and
Institutional Adoption

Bitcoin
ETFs are a major driver. Self-directed retail investors account for 80% of ETF
flows, while institutions like MicroStrategy continue stockpiling BTC.

“Expected
ETF inflows of $70B+ in 2025 could push Bitcoin to $200,000,” Bernstein
analysts predicted. For retail investors, ETFs offer a low-risk way to gain
exposure without holding BTC directly.

Post-Halving Supply Shock

The April
2024 halving cut mining rewards to 3.125 BTC, tightening supply. Historically,
halvings precede bull runs (e.g., 2020’s 600% surge).

Tariff Exemptions and
Easing Yields

Trump’s
tariffs sparked fears of a risk-off market
, but recent exemptions have calmed
nerves. Lower U.S. Treasury yields reduce pressure on speculative assets,
giving Bitcoin room to climb.

Bullish Market Sentiment

Crypto’s
resilience is evident in order books. “On Binance, buy-side liquidity for
BTC/USDT is 10x higher than sell-side,” noted Dr Kirill Kretov,
Senior Automation Expert at CoinPanel. Large players are moving
BTC to cold storage, signaling confidence.

How High Can Bitcoin Go? Bitcoin
Price Chart Technical Analysis

Based on my
technical analysis, Bitcoin has been stuck in a deadlock since late February.
Neither buyers nor sellers can decide which direction to take, and two key
moving averages have converged.

I’m
referring to the 50-day exponential moving average (50 EMA), marked in red, and
the 200-day EMA, marked in blue. The price is currently trading at their level,
indicating the market has reached a balance within a consolidation range
between resistance at $87,400 (local highs from March) and support at $78,000
(lows from last month and late February).

Bitcoin price technical analysis. Source: Tradingview.com

If
Bitcoin’s price breaks above the yellow-highlighted sideways channel, it faces
significant resistance in the $90,000–$92,000 zone, defined by lows from
November to February. Only a move above this level would make me bullish on the
BTC/USD chart again. The resistances I currently identify are:

  • $87,400
    – upper consolidation boundary
  • $90,000–$92,000 – resistance
    zone from late 2024/early 2025 lows
  • $100,000
    – psychological level
  • $102,300 – local highs tested
    in December and early January
  • $108,000 – all-time high from
    December 2024, which also capped gains in January 2025

If Bitcoin
breaks below the current consolidation, the first support lies at $74,500.
Personally, I wouldn’t expect a sharper decline beyond the $66,000–$68,000
zone, where October 2024 lows are located. The main support levels are:

  • $78,000
    – lower consolidation boundary
  • $74,500
    – April lows
  • $72,000 – highs from May and
    June 2024
  • $68,000
    – highs tested in July 2024
  • $66,000 – October 2024 lows,
    after which the rally to new all-time highs began in 2025

Bitcoin price support and
resistance zones table

Support Levels

Description

Resistance Levels

Description

$78,000

Lower
boundary of the current consolidation range, tested in March and late
February 2025.

$87,400

Upper
boundary of the consolidation range, marked by local highs from March 2025.

$74,500

April
2025 lows, acting as a near-term support level below the consolidation.

$90,000–$92,000

Resistance
zone defined by lows from November 2024 to February 2025, a critical hurdle
for bullish momentum.

$72,000

Highs
from May and June 2024, providing deeper support if selling pressure
increases.

$100,000

Psychological
level, likely to attract attention and potential selling pressure.

$68,000

Highs
tested in July 2024, a significant level from mid-2024 price action.

$102,300

Local
highs tested in December 2024 and early January 2025, a key barrier to new
highs.

$66,000

October
2024 lows, the starting point for the rally to new all-time highs in 2025.

$108,000

All-time
high from December 2024, which capped gains in January 2025.

Why Bitcoin Might Stall?

Not
everyone is all-in on the $137,000 call. Bearish risks include:

  • Debt Ceiling Deadlock: If Congress resolves the debt
    ceiling early, TGA drawdowns could slow, capping liquidity at $6.3
    trillion. “No liquidity, no rally,” Tomas warned.
  • Tariff Risks: While exemptions help,
    renewed trade wars could spike yields and crush risk assets.
  • Technical Resistance: Failing to break the 200-day
    EMA for long could trap BTC below $85,000, delaying the rally.

“Prediction that Bitcoin breaking through $137,000 by late summer may be overlooking critical dynamics playing out beneath the surface,” thinks Kretov. “We are in a period of extreme uncertainty with escalating geopolitical tensions, global economic fragility, and a pervasive risk-off sentiment. Gold, not Bitcoin, has resumed its role as a safe-haven asset in this climate.”

You may also like: How Low Can Bitcoin Go? This Expert Predicts BTC Price Drop to $10,000

Still,
bulls dominate. The April 2024 halving, ETF momentum, and liquidity injections
create a strong case. Below is a table of bullish Bitcoin price predictions for
2025:

Bitcoin Price Prediction 2025 Table

Source

2025 Price Prediction

Key Drivers

Titan of Crypto

$137,000

TGA
liquidity ($600B+), bullish pennant, EMA breakout.

Bernstein

$200,000

ETF
inflows ($70B+), Trump’s pro-crypto policies, halving supply shock.

Standard Chartered

$200,000–$250,000

U.S.
retirement fund uptake, potential BTC reserve, options trading growth.

Bitfinex

$145,000–$200,000

Historical
cycle trends, moderating returns, liquidity correlation.

H.C. Wainwright & Co.

$225,000

Spot ETF
traction, corporate adoption, favorable macro signals.

These
forecasts hinge on liquidity, regulatory clarity, and Bitcoin’s scarcity. While
bears see tariff and macro risks, bulls argue that 2025’s unique catalysts could
push BTC to new highs.

“We are likely to
continue seeing dramatic but meaningless moves, 10% drops overnight and 15%
rebounds over weekends. It’s all noise. The market lacks conviction, and high
emotional sensitivity fuels volatility,” adds Kretov. “Even traditional markets are behaving like memecoins. In that context, why expect Bitcoin to be any different?”

Bitcoin Price Prediction,
FAQ

How High Will Bitcoin
Climb?

Titan of
Crypto’s $137,000 call—a 60% jump from $85,838—rests on liquidity and
technicals. “If it plays out, a new ATH could be reached,” the analyst said.
Historically, BTC rallies 50%–600% post-halving, so $137,000 is plausible,
though $100K–$120K is a safer bet for Q2.

How Much Will 1 Bitcoin Be
Worth in 2025?

Predictions
range from $137,000 (Titan of Crypto) to $250,000 (Standard Chartered).
“Putting price and time together is tough,” Tomas noted. Liquidity, ETFs, and
halving effects favor bulls, but tariff risks could cap gains—expect swings.

What If I Bought $1 of
Bitcoin 10 Years Ago?

In April
2015, BTC averaged $250. A $1 investment bought 0.004 BTC. At $85,838, that’s
$343—a 343x return. If BTC hits $137,000, your $1 becomes $548, outpacing most
assets. Even at $100,000, it’s $400, showcasing BTC’s long-term potential.

Is It Worth Having $100 in
Bitcoin?

Yes, for
risk-tolerant investors. At $85,838, $100 buys 0.001165 BTC. If BTC hits
$137,000, that’s $159; at $200,000, it’s $233. “There’s going to be decent
volatility, a lot of trading opportunities,” Kretov said. $100 is a low-stakes
entry, but brace for dips.

Should I Buy Bitcoin Now?

Tes, but Titan
of Crypto’s view isn’t guaranteed. “Let’s see if the price can break to the
upside,” they cautioned. If you’re long-term focused, buying on dips near
$80,000–$82,000 could pay off, given historical rebounds (e.g., 2023’s 150%
surge).

Is Bitcoin Still “Digital
Gold”?

“Bitcoin
moves with global liquidity,” Lyn Alden’s research shows, reinforcing its
speculative appeal. While gold shines in crises, BTC’s 21 million coin cap and
halving-driven scarcity make it a compelling hedge—monitor liquidity trends to
gauge its role.



Source link

16 04, 2025

Pundit Says 1,000 XRP Enough for Free Life, Just Hold Until 2029

By |2025-04-16T00:00:40+02:00April 16, 2025|Crypto News, News|0 Comments

In a bold statement on X, XRP proponent Duefe shared an optimistic outlook for holders, suggesting that owning just 1,000 XRP could lead to financial independence.

According to Duefe, holding just 1,000 XRP might be the key to achieving “a joyful and free life” by 2029. This view implies that XRP’s value could rise astronomically over the next four years, potentially allowing investors to retire. For context, XRP is currently trading at $2.17, making 1,000 XRP worth $2,170.

While there is a lack of context regarding what entails a free life for the proponent, some investors see an investment growth to $1 million or more as sufficient for retirement. Others in countries with higher costs of living might require a much higher baseline.

Essentially, reaching a net worth of $1 million or more remains a long-standing goal for many retail investors hoping to retire early. However, for a portfolio of 1,000 XRP to be worth $1 million, the price of each token would need to reach $1,000. Achieving $1,000 per XRP would require a price increase of over 45,900%.

Alternatively, a $100 price per token would value the holding at $100,000—still a significant leap from current levels. 

“Not Holding 1,000 XRP Is Insanity”

Meanwhile, many prominent voices in the XRP community share Duefe’s bullish sentiment. Some, like Edo Farina, have argued that holding at least 1,000 XRP is one of the best financial decisions an investor can make.

Notably, data from the XRP Rich List shows that only 230,504 wallets hold between 500 and 1,000 XRP. Meanwhile, just 10% of the 6.38 million total XRP wallets—approximately 638,000—hold 2,500 XRP or more.

Interestingly, Farina has described the failure to hold at least 1,000 XRP as “insanity.” According to him, XRP enthusiasts must own no fewer than 1,000 tokens if they genuinely care about financial success.

These views come from the speculative hope that XRP could eventually reach triple-digit values and beyond, turning modest investments into substantial fortunes.

While pundits like Farina have been cautious about setting a specific timeline, Duefe remains confident that financial success could materialize within this decade. Meanwhile, he isn’t alone in this belief.

Previously, social media influencer John Squire claimed that by 2030, many of today’s XRP investors would regret not buying more—or selling too soon during market fluctuations.

Caution Amid Bullish Forecasts

Some prediction platforms share the bullish outlook about XRP. For instance, Telegaon has suggested that XRP could reach a minimum of $25 by 2029.

Meanwhile, this price target is still short of the $1,000 milestone needed to turn 1,000 XRP into $1 million. Yet, it would represent a return on investment of approximately 1,052% from today’s price of $2.17.

As for when XRP could reach $1,000, Telegaon believes this lofty target is not feasible even by 2050. However, Matthew Brienen of CryptoCharged has argued that XRP could reach $1,000 in ten years.

Amid these optimistic projections, critics like Davinci Jeremie caution crypto enthusiasts against viewing XRP as a long-term investment vehicle.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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15 04, 2025

Solana (SOL) Price Prediction for April 15

By |2025-04-15T21:59:33+02:00April 15, 2025|Crypto News, News|0 Comments

Bulls are weaker than bears today, according to CoinStats.

Top coins by CoinStats

SOL/USD

Solana (SOL) is the exception to the rule, rising by 0.54.

Article image
Image by TradingView

The rate of SOL is in the middle of the channel, between the support of $127.71 and the resistance of $133.92. If the daily bar closes around the current prices, there are low chances of seeing sharp moves soon.

Article image
Image by TradingView

On the bigger time frame, none of the sides has seized the initiative yet. The volume is low which, means neither buyers nor sellers are powerful enough. 

Related

DOGE Price Prediction for April 15

All in all, consolidation in the range of $125-$135 is the most likely scenario.

Article image
Image by TradingView

On the weekly chart, one should focus on the candle’s closure in terms of the previous bar’s high. If it happens near $136 or above, the accumulated energy might be enough for a test of the $150 mark by the end of the month.

SOL is trading at $131.10 at press time.

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15 04, 2025

DOGE Price Prediction for April 15

By |2025-04-15T19:58:32+02:00April 15, 2025|Crypto News, News|0 Comments

Bears have started to recover the initiative on the market, according to CoinMarketCap.

Top coins by CoinMarketCap

DOGE/USD

The price of DOGE has dropped by 2.46% over the last day.

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Image by TradingView

On the hourly chart, the rate of DOGE is falling after a breakout of the local support of $0.1575. If the daily bar closes below that mark, the decline is likely to continue to the $0.1530 area soon.

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Image by TradingView

A bearish picture can also be seen on the bigger time frame. If the candle fixes below the $0.1577 level, the correction is likely to continue to the $0.15 range. Such a scenario is relevant until the end of the week.

Article image
Image by TradingView

From the midterm point of view, bulls have failed to keep the growth going after the weekly bar’s closure.

Related

XRP Price Prediction for April 14

If the candle closes around the current prices or below, the correction is likely to continue to the $0.1450-$0.15 area shortly.

DOGE is trading at $0.1575 at press time.

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15 04, 2025

Cardano Price Prediction: Will ADA Break Through $1.00 in 2025?

By |2025-04-15T17:57:29+02:00April 15, 2025|Crypto News, News|0 Comments

Cardano price shows signs of strength, with liquidation squeezes and Wyckoff patterns hinting at a breakout toward $1.00.

After a period of quiet price action, Cardano might be getting ready for a bigger move. The ADA Cardano price is hovering just below a cluster of key liquidation levels, and that’s raising eyebrows among traders. This could set up a situation where a small price jump triggers a wave of liquidations, pushing the price up quickly.

Momentum has been building quietly, and if ADA gets the right push, it could catch the market leaning the wrong way and deliver a move that’s bigger than most expect.

ADA Cardano Price Primed for a Potential Liquidation Squeeze

ADA Cardano price might be setting up for something bigger. According to crypto analyst Jesse Peralta, fresh liquidation heatmap data shows that most major ADA/USDT liquidation points on Binance are stacked above current price levels. That suggests upward pressure could build fast, and if ADA starts to climb, it might trigger a wave of liquidations that fuel an even stronger momentum. It’s a setup that could catch shorts off guard.

Cardano price is showing signs of a potential liquidation squeeze as key liquidation levels stack above the current price. Source Jesse Peralta via X

This kind of structure doesn’t come around often. As Peralta points out, when liquidity pools like this form just overhead, even a modest breakout can snowball into something much bigger. The heatmap paints a picture of upside potential that’s hard to ignore.

ADA Eyes $1.00 as Accumulation Phase Nears Its End

Cardano might be in the final stretch of its accumulation phase—and according to analyst SSR_Trades’ Wyckoff schematic, things could soon get interesting. The chart shows ADA currently sitting near the “Spring” zone, around $0.56, a level that often marks the end of shakeouts before stronger uptrends begin. If the pattern plays out, ADA could climb through a “Jump of the Creek” followed by a Sign of Strength (SOS), with key levels around $0.80, $1.00, and $1.40 acting as checkpoints along the way.

Cardano Price Prediction: Will ADA Break Through .00 in 2025?

Cardano (ADA) could be nearing the end of its accumulation phase, with potential price targets of $1.00. Source: SSR_Trades via X

The projection doesn’t stop there. In the more extended view, ADA shows potential targets at $1.80 (1.618 fib extension) and even $2.60 (2.618), assuming momentum builds through Phases D and E. It’s a classic setup where patience might be rewarded. If this Wyckoff structure holds, the months ahead could mark a turning point for ADA’s price action.

Cardano Surges Back Above $22B Market Cap

Cardano has officially reclaimed a $22 billion market cap, marking a significant milestone in its broader recovery. According to TapTools, this move places ADA back among the top digital assets by valuation. An encouraging sign for long-term holders and a potential confidence boost after weeks of sideways price action.

 TapTools

Cardano reclaims a $22 billion market cap. Source: TapTools via X

Beyond market cap, on-chain metrics and structural setups are beginning to align. From the Wyckoff accumulation phase mapped by SSR_Trades to liquidation clusters flagged by analyst Jesse Peralta, signs are pointing to a strengthening foundation.

Cardano Price Prediction Targets $3.79 in BigMike’s Wave Outlook

As the Cardano price prediction conversation evolves, crypto analyst BigMike7335 offers a fresh perspective rooted in Elliott Wave theory. His chart outlines a classic five-wave structure, currently eyeing a third-wave top around the $3.79 mark. That zone also aligns closely with the golden 0.618 Fibonacci extension from a previous peak, giving this level technical significance. If the structure plays out as outlined, this could represent a powerful mid-cycle move before a potential wave four pullback later in the trend.

BigMike7335

Cardano price prediction targets $3.79, with Elliott Wave theory suggesting a strong move before a potential pullback. Source: BigMike7335 via X

ADA’s current price action shows signs of reclaiming its previous range, with price consolidating just under resistance. If this structure holds, a clean move above could trigger a breakout toward the $0.80–$1.00 zone, especially with visible liquidity stacked higher.

Final Thoughts and Token Talk’s Diverging Take

While some bullish setups hint at a potential bounce for ADA, Token Talk offers a more restrained, chart-driven perspective. It points out that ADA has rebounded 20% from its recent lows near $0.52 to around $0.62, but it still sits squarely within a broader downtrend. Bears remain in control as long as ADA trades below its major moving averages. The chart suggests any meaningful upside may only come into play if the current downtrend breaks, particularly with the 200-day moving average (200DMA) near $0.74 acting as a critical resistance zone.

 Token Talk

Cardano shows potential for a rebound, but bears still control the trend until key resistance levels are broken. Source: Token Talk via X

From liquidation clusters to Wyckoff patterns and Elliott Wave setups, Cardano’s chart is quietly showing promise. Token Talk adds a glimmer of short-term optimism with tariff delays and softer CPI data offering a potential tailwind. But it’s not a full green light, as ADA still needs to flip key levels before any breakout has legs. The ingredients are there, but bulls may need a bit more confirmation before calling it a trend reversal.

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15 04, 2025

XRP Price Prediction: Ripple Indicators Mirror 2024 Pump Before 500% Surge

By |2025-04-15T15:56:48+02:00April 15, 2025|Crypto News, News|0 Comments

XRP price prediction expectations indicate that it could see a modest retracement, while one leading industry figure is advising investors to buy Remittix over these vintage coins.

It offers greater fundamentals through its goal to improve cross-border payments. It is one of the best cryptos to invest in currently with this use-case.

XRP Price Prediction: Current News and Future Expectations

There have been mixed signals for XRP lately. Some of these reports show that XRP is doing well for cross-border payments, while others are signaling headwinds for the market. The price for XRP currently stands at $2.17 and XRP price predictions are mixed.

XRP price prediction currently points to XRP potentially seeing a 13.58% drop to 0.8350 by May 14. Investors debate as to whether XRP will continue to be an international money transfer tool or will be challenged by others.

AD 4nXdxgoaM9ff x1sqBuNXevjxwpeGu VnR jIGkxnHcuRBIJQhHhoUOR6ZnoHNsUIxIg4 amod PCLY3GUPLEB8p5n3gUFZF YLvdcJwXJrJmqK76iqfu1YuKzHoDnB08s8MXyAsf?key=VZtVw5q5CUcaPROL DupyFXf

The XRP price prediction is still a part of this conversation because most are paying attention to its trend. The observers point out that new forces within the market have the potential to drive XRP price higher or lower during the coming months.

Remittix: The Revolutionary Payment Solution

Remittix is not just an expansion opportunity but an actual problem-solver. Remittix eases cross-border money sending. Many people, especially those who live in countries with limited banks, have trouble accessing cash. Think of a person who does not have a bank and must use inefficient and expensive services to receive and send money.

We offer an end-to-end solution where a user holds cryptocurrency in a wallet, ships it through a secure channel, and receives instant cash at neighborhood stores. It’s still faithful to the essence of crypto because it is user-anonymous and you are in control of your money, and yet fully compatible with modern banks and payments.

The project has already sold over 528 million tokens in its ICO. That it has this much early success shows that many investors see the value in what Remittix is providing. With the current DeFi coin price at about $0.0757, Remittix is one of the top cryptos to buy for any investor who is seeking a real-world solution.

Remittix offers faster and lower-cost cross-border remittance processing. It bypasses unnecessary steps inherent in traditional systems and brings together crypto and new finance seamlessly.

Recent updates by Analytics Insight estimate that, under good market conditions, Remittix can deliver returns of up to 50 times. Such expectations lead investors to believe that Remittix will be capable of solving everyday problems.

Most communities are still suffering because most individuals everywhere around the world lack ready access to banks. Remittix looks to turn this around by offering an option to transfer money across borders at low cost and with high security.

AD 4nXesO zVw0Jyp0 OtH3W0OaTHskG8BHhebJRFX3rfLxAByJT6AkKt6KsEwOcL1J9NrtwIzbw9GyBCxto0J D9uKmtmkJvd8ksTNvgyCuKWK6kP9 3Q6 Me4QqEV OpCV5nJOTh3?key=VZtVw5q5CUcaPROL DupyFXfAD 4nXesO zVw0Jyp0 OtH3W0OaTHskG8BHhebJRFX3rfLxAByJT6AkKt6KsEwOcL1J9NrtwIzbw9GyBCxto0J D9uKmtmkJvd8ksTNvgyCuKWK6kP9 3Q6 Me4QqEV OpCV5nJOTh3?key=VZtVw5q5CUcaPROL DupyFXf

A Winning Solution In A Competitive Market

Recent XRP price prediction reports are not conclusive. XRP will see small rises and drops, but some noted industry analysts are now stating that Remittix will leave them both behind with phenomenal returns. Remittix not only presents a price hike, it solves a real problem for payment across borders.

It meets a real need for residents with low access to mainstream banks by providing quick and low-cost international money transfers. Its simple process gives users and companies an effective means of sending money. 

Smart investors pay attention to calls to invest in those with evident practical application, not well-established brands. Remittix offers both actual potential and actual worth that could soon make its price skyrocket. As trends move forward, this token could soon be a blockbuster outside of digital finance.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix 

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15 04, 2025

Solana Price Prediction: SOLETH Strength, Fresh Inflows, and the Road to $143

By |2025-04-15T13:55:43+02:00April 15, 2025|Crypto News, News|0 Comments

Solana price shows signs of recovery as smart money steps in, with a potential breakout toward $143.

 As stablecoin inflows rise, SOL could be gearing up for a significant move.

Solana Price Prediction chatter is heating up again as SOL shows early signs of a shift. After a brief pause, fresh technical setups, smart money inflows, and stablecoin activity are quietly pushing Solana back into the spotlight.

Solana (SOL) was trading at $131.19, up 8.53% in the last 24 hours. Source: Brave New Coin

Solana’s Shifting Sentiment

After a few weeks of cooling off, Solana price chart is beginning to tell a different story, and it starts with who’s buying. According to the latest data from Market Prophit, crowd sentiment remains slightly bearish, but smart money has quietly flipped bullish. It’s the kind of divergence that doesn’t scream at you, but those paying attention know it often marks the early stages of a shift.

Solana Price Prediction: SOLETH Strength, Fresh Inflows, and the Road to 3

Smart money steps in as Solana sets the stage for a potential breakout. Source: Market Prophit via X

While retail investors seem hesitant, likely shaken by recent volatility, more experienced players appear to be stepping in with growing confidence. Solana’s price isn’t breaking out just yet, but this under-the-hood change in sentiment could be laying the foundation for a stronger recovery phase. Sometimes, the most meaningful moves begin just as most people look the other way.

Solana Price Prediction: Chart Signals $143 Breakout in Play

After weeks of sideways chop and post-sell off fatigue, SOL Solana price is showing signs of life with a textbook reversal pattern forming on the 4-hour chart. According to a famous chartist, Titan of Crypto, an Inverse Head & Shoulders pattern is currently unfolding, a structure often associated with bottoming formations. If this setup holds and confirms a breakout, the technical target sits around $143, offering a notable upside from current levels.

 Titan of Crypto

Solana’s Inverse Head & Shoulders pattern suggests a breakout toward $143. Source: Titan of Crypto via X

The structure is catching eyes for a reason. Momentum is quietly building, and with smart money sentiment leaning positive, SOL Solana price might be gearing up for more than just a short-term bounce. The pattern aligns with a shift in market mood with less fear and more positioning. If follow-through comes in, this breakout could mark the beginning of a much larger recovery leg.

$12B in USDC Signals Smart Money Is Moving Into SOL

While retail interest has cooled off lately, big players appear to be quietly stepping in. Crypto analyst Crypto Patel shows that in Q1 2025 alone, Circle has minted over $12.25B worth of USDC on the Solana network, an eye-opening figure that signals serious capital flows. And just in the last 48 hours, another $250M USDC was freshly minted, alongside 30M EURC. This level of stablecoin activity hints at a growing institutional appetite under the surface.

Crypto Patel

Stablecoin inflows surge as smart money positions for a potential Solana breakout. Source: Crypto Patel via X

Paired with the emerging technical setup pointing toward a potential $143 breakout, Solana is shaping up to be one of the more interesting charts on the board right now. The timing of these inflows aligns closely with the Inverse Head & Shoulders structure now unfolding on the 4H chart, suggesting this isn’t just a coincidence. As price begins to recover from a multi-week pullback, the combination of chart structure and on-chain flow adds meaningful weight to the bullish case.

Solana Price Analysis: Technical Outlook

Solana has been catching renewed attention this week. A famous crypto analyst ChristiaanDeFi maps out a key accumulation zone between $80 to $100, with a bullish breakout targeting the $137–$140 range. His chart shows a clean wedge breakout, and with Solana price hovering near $100, this setup is now in motion. The next key resistance lies around $118–$121, with $140+ as the main objective.

ChristiaanDeFi

Solana’s wedge breakout and key resistance levels point toward a potential breakout to $140+. Source: ChristiaanDeFi via X

This level closely aligns with Titan of Crypto’s $143 target based on an active Inverse Head & Shoulders pattern. With both setups pointing toward the same zone, this convergence adds strength to the case for a sustained breakout rather than a short-term spike.

Solana’s Silent Surge: SOLETH Pair Steals the Spotlight

Another layer to the growing optimism around Solana is its steady outperformance against Ethereum, a trend quietly gaining traction. A recent chart shared by immortalcrypto shows the SOL/ETH pair rising with quiet confidence, almost like it’s been doing its own thing while the broader market looked the other way. No major rallies, just a gradual, consistent ascent beneath the surface.

immortalcrypto

Solana’s steady rise against Ethereum hints at a growing momentum shift. Source: immortalcrypto via X

When retail grows cautious and smart money steps in, you start to see moves like this unfold slowly at first, then all at once. The chart doesn’t just show price action; it shows a momentum shift that mirrors everything happening under the surface. From stablecoin inflows to bullish technicals, Solana seems to be carving out its path, and the SOLETH pair is quietly proving it.

Final Thoughts

Solana’s chart is starting to tell a story of a possible breakout, and it’s all about the technicals. The Inverse Head & Shoulders pattern forming on the 4-hour chart is often a sign of a reversal, with a target around $143 if it holds. Smart money is quietly moving in, and stablecoin inflows are adding fuel to the fire. While we haven’t seen a major rally just yet, the groundwork for a strong recovery is being laid.

As Solana approaches key resistance levels, the shift in sentiment is hard to ignore. Retail may be cautious, but institutional players seem to be stepping up their game. With everything aligning from the technicals to the stablecoin activity, Solana price prediction shows that if this positive sentiment continues to play out, the price could be looking at a decisive move ahead.

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15 04, 2025

Can DOGE Surge To $0.29 If $0.13 Support Holds

By |2025-04-15T11:54:30+02:00April 15, 2025|Crypto News, News|0 Comments

Key Insights:

  • Dogecoin is currently testing key resistance at $0.17 with $0.29 as a potential target if it holds above $0.13 support.
  • An analyst noted a MACD bullish crossover on the 3-day chart, suggesting strong upward momentum for Dogecoin.
  • Dogecoin technical analysis amid bullish indicators.

Dogecoin price is testing critical resistance at $0.17, while holding above its $0.13 support zone. If support remains intact, analysts project the price could reach $0.29 in the coming sessions.

Despite a drop in user activity, technical indicators suggest renewed bullish sentiment. MACD crossover and support trendlines point to potential gains, though momentum remains fragile.

Dogecoin Price Testing Resistance Levels at $0.17

Crypto analyst Ali Martinez has predicted an optimistic movement from Doge price in the upcoming week. The analyst noted that the $0.17 resistance and $0.13 support levels stand as the most important points to monitor.

He added that a price break above $0.17 could trigger DOGE to rise up to $0.21 before reaching potentially as far as $0.29 according to this analysis.

Dogecoin Price Chart Source: X

In addition, the analyst stated that maintaining the $0.13 support is crucial because this level is vital to sustain the bullish pattern. A decline below this level may signal a potential for a downtrend yet holding this support may lead to a price increase.

The chart has also shown a rising trendline, indicating that the broader market sentiment for DOGE remains generally positive, and any dip would likely be short-lived if the support holds.

MACD Bullish Crossover Signals Upward Momentum

Another analyst, Trader Tardigrade identified a key technical indicator throughout Dogecoin price movements that includes a 3-day MACD bullish crossover pattern. The technical indicator stands as one of the most widely used instruments to identify market directional shifts.

Market analysts acknowledge bullish crossover patterns whenever MACD crosses above the signal line since they signify upward price movements.

dogecoin price
Dogecoin Price Chart Source: X

Besides, the current bullish crossover pattern is a sign that Dogecoin price has potential to continue rising. The MACD indicator often precedes price movements, and similar crossovers in the past have been followed by significant price increases.

On-Chain Data Points to Declining Engagement

Dogecoin saw a sharp drop in user activity, with daily active addresses down 98% from Dec. 2024 levels. This decline contrasts with bullish technical setups, reflecting cautious sentiment.

doge price
Dogecoin Price Chart Source: TradingView

Still, some forecasts suggest DOGE could reach $5 if user engagement returns to 100 million daily users. That scenario remains speculative, with current trends not supporting such adoption levels yet.

As of writing, DOGE trades at $0.1658, up 0.59% in 24 hours. The 24-hour volume stands at $954.45 million, while its market cap is $24.69 billion.

Disclaimer

This article is for informational purposes only. Crypto investment involves inherent risks due to the volatility in price. Readers should conduct their research before making any investment decision. Also, you can consult a crypto expert before investing in cryptocurrencies.

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15 04, 2025

XRP price breaks $2.20: Is a massive surge to $5 next?

By |2025-04-15T09:53:34+02:00April 15, 2025|Crypto News, News|0 Comments

According to a cryptocurrency analyst, the XRP price resembles the previous macro cycle of Bitcoin, paving the way for a huge breakout, News.az reports citing Coinfomania.

This perspective suggests that XRP’s protracted consolidation may be comparable to Bitcoin’s protracted accumulation prior to its historic peak. The expert thinks XRP could be getting ready for a breakout phase that might drastically alter its price trajectory based on a comparison of its present structure to Bitcoin’s chart from previous years. XRP may be starting a long-awaited bullish chapter if the pattern continues.

XRP’s Breakout Setup and Macro Parallel

The analyst compares the XRP tokens’ current multi-year pattern to Bitcoin’s market behavior during its extended consolidation phase. In this view, XRP has spent years forming a base within a broad range, similar to Bitcoin’s pre-breakout structure during its earlier cycles. The resemblance lies not only in price movement but also in how long XRP has stayed trapped in this range while broader market conditions evolved.

Recently, the XRP network has broken above its long-standing resistance zone and is now consolidating in higher territory. This is where the analyst sees a strong parallel. Bitcoin, in the past, consolidated after breaking out of its accumulation zone before making a steep move upward. The XRP token, by this logic, could be preparing for a similar leg up.

This scenario assumes XRP price mirrors Bitcoin’s prior cycle in both pace and structure. While nothing is guaranteed, the historical parallel provides a narrative that long-term XRP holders may find encouraging. It suggests that, after years of waiting, XRP could be on the verge of a multi-phase breakout if the market structure continues to play out as the analyst expects. Let’s take a look at XRP price prediction to see how these developments impact the price of XRP.

XRP Price Prediction for April 15, 2025

The 1-hour chart of XRP/USDT shows a recent shift in market structure, with price bouncing from key support zones around $1.65 and $1.75. It then surged past resistance near $1.90 and $2.00, flipping them into new support areas. However, price is currently consolidating between $2.07 and $2.20 after facing rejection at a strong resistance zone near $2.22. Neutral momentum is indicated by the RSI, which is centred at 48.83.  Notably, earlier oversold indications around April 7 and 9 preceded rallies.

Analysed by vallijat007, published on TradingView, April 15, 2025

While the RSI previously indicated overbought circumstances on April 12 and 13, which resulted in slight pullbacks. With a recent death cross indicating a cautious approach as negative momentum may be building, the MACD is comparatively flat. Higher lows and regained supports have kept the general trend optimistic, although the consolidation close to resistance shows indecision. While a breakdown below $2.07 would result in a retest of lower support levels, a breakout over $2.22 might start a rebound. For the following move, volume confirmation is essential.

XRP Eyes Long-Term Breakout Possibility

XRP’s current structure, when compared to Bitcoin’s historical macro trend, suggests that a larger breakout could be forming. If the pattern holds, the XRP network may be transitioning from accumulation to expansion, similar to how Bitcoin behaved before its major surges. While short-term volatility persists, the long-term setup offers a compelling case for patient holders. With growing attention and renewed momentum, XRP’s next move may not just be another rally but the beginning of a multi-phase market shift.

News.Az 

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15 04, 2025

Polygon (MATIC) Price Prediction 2025, 2026–2030

By |2025-04-15T07:52:31+02:00April 15, 2025|Crypto News, News|0 Comments

Polygon traders use a variety of tools to try and determine the direction in which the MATIC market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Polygon price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Polygon Price Prediction Indicators

Moving averages are among the most popular Polygon price prediction tools. As the name suggests, a moving average provides the average closing price for MATIC over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for MATIC is a sum of MATIC’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the MATIC price moves above any of these averages, it is generally seen as a bullish sign for Polygon. Conversely, a drop below an important moving average is usually a sign of weakness in the MATIC market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the MATIC price.

How to read Polygon charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Polygon with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Polygon’s price action in 1-hour chunks. Each candlestick will display MATIC’s opening price, closing price, as well as the highest and lowest prices that Polygon reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Polygon?

Just like with any other asset, the price action of Polygon is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of MATIC. The market capitalization of Polygon can change significantly in a short period of time.

When trying to make a Polygon forecast, many traders also try to monitor the activity of MATIC “whales”, which are entities and individuals that control large amounts of MATIC. Since the Polygon market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Polygon’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man

DISCLAIMER: Not Investment Advice

The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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