Solana is making headlines after a 37.91% surge over the past month, trading at $236.73, and sparking debates among crypto natives as they ask: can SOL break $500 in the next bull run? Meanwhile, another altcoin, JetBolt (JBOLT) is turning heads with its presale frenzy, selling over 100 million tokens and impressing crypto whales with zero-gas tech and user-friendly blockchain solutions.

With Solana shattering DEX volume records and JetBolt attracting whale activity at a rapid pace, both altcoins are receiving increased interest as bullish momentum heightens. But can Solana sustain its momentum, and will JetBolt’s whale frenzy show no signs of slowing down?

Let’s dive into the trends driving Solana’s latest price predictions and JetBolt’s growing buzz as we approach the next crypto bull run.

Solana Price Prediction: Can SOL Break $500 In Bull Run?

Solana’s decentralized exchange (DEX) volume reached over $100 billion in November, setting new records for the network. The recent SOL memecoin frenzy has further boosted activity, attracting both whales and newer users. As a result, Solana remains a leader in the altcoin market, outpacing even older rivals like Ethereum in DEX trade volume.

Monthly DEX volumes across major blockchain networks (Source: DefiLlama)

From a technical perspective, SOL shows signs of strength. Solana’s price recently broke out of a rounded-bottom pattern on the weekly chart. This bullish pattern might suggest SOL could reach $300 in the short term, but resistance at $264.39 may slow any further gains. 

Soalna’s Relative Strength Index (RSI) sits at 70, signaling that SOL is approaching overbought conditions. If selling pressure increases, Solana could drop to $213.53, a key support level.  

Reaching $500 would require several catalysts. Solana would need continued whale accumulation, strong network activity, and a broader market rally. Institutional interest and partnerships could also drive SOL higher. While $500 is ambitious, Solana’s track record shows that high growth spurs have previously been achieved during past market peaks.  

As Solana builds momentum, other altcoins like JetBolt are also capturing attention. JetBolt’s innovative blend of Web3 tech and utility makes it a new token being increasingly explored.

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JetBolt Whale Frenzy Continues: Over 100M JBOLT Tokens During Presale

JetBolt (JBOLT) is generating a buzz in the crypto world, and its presale success tells the story. With over 100 million tokens sold, JetBolt is capturing the attention of whales and enthusiasts alike. 

Built on the Skale network, JetBolt addresses key challenges in blockchain technology with zero-gas technology, simplified staking, and an intuitive Web3 wallet. These features are positioning JetBolt as a potential game-changer in the decentralized ecosystem.

The zero-gas fee mechanism is one of JetBolt’s standout innovations. By eliminating gas fees, JetBolt offers a disruptive Web3 edge, even for everyday blockchain interactions. 

This development appeals to users frustrated with high gas costs on traditional networks, making it likewise ideal for developers who may want to also be unburdened by gas friction. By eliminating gas fees from blockchain interactions, JetBolt’s zero gas feature makes crypto technology more accessible to a broader audience.

Another key feature driving JetBolt’s appeal is its integrated Web3 wallet. Unlike traditional crypto wallets, which can be overwhelming, JetBolt’s wallet emphasizes user-friendliness. 

Features like FaceID authentication streamline user interactions, making it easy even for newcomers with no Web3 experience. Developers also benefit from seamless dApp compatibility, which allows for faster integrations and a better user experience overall.

JetBolt also shines in its approach to staking. Moving beyond standard staking models, JetBolt gives additional rewards for user engagement and interaction within its ecosystem. 

Whales are clearly taking notice. The presale, with its daily price increases and exclusive perks like Alpha Boxes, has fueled a wave of excitement and interest.

With its innovative features and growing presale momentum, JetBolt could emerge alongside the leading new names in the next bull run. 

Final Thoughts: Can SOL Break $500 In Bull Run As JetBolt Whale Frenzy Continues

Solana continues to dominate with record-breaking DEX volumes and bullish technical patterns, hinting at the possibility that SOL could reach higher price levels if broader cryptocurrency market conditions align. Meanwhile, JetBolt has captivated the market with over 100 million tokens sold in its presale. Zero gas fees, an intuitive Web3 wallet, and a socially connected staking model position JetBolt as one of the upcoming transformative forces in blockchain innovation. 

As Solana navigates its path toward higher highs, JetBolt’s momentum signals a bold new direction in crypto accessibility and utility.

Check out the following sources to learn more about JetBolt: 

JetBolt’s Website: https://jetbolt.io/

JetBolt on X: https://x.com/jetboltofficial

JetBolt’s Telegram: https://t.me/jetboltcoin

No part of this article is meant to offer financial advice. As all crypto assets are volatile, readers should conduct their own research before acquiring any cryptocurrency.

The current bull market is thriving with new developments. The cryptocurrency market is buzzing with new activity as it welcomes new upgrades. The Solana meme coin BONK has received a major update in this wake. It is rumored that the coin will be listed on Robinhood for future trading. If this happens, the development may give the token a robust platform to seek an ambitious price mark.

At the same time, Dogecoin’s price activity also notes a significant price change, with market momentum stabilizing its price prospects. Will they both be able to scale a new ATH soon? Let’s find out.

Also Read: Tron’s Justin Sun invests $30M in Donald Trump’s Crypto Project

BONK Price Prediction for November End

The speculatory bandwagon is currently running in turbo mode as rumors of Robinhood listing BONK continue to make rounds on the internet. In one such incident, Robinhood seems to have created a token account for BONK, giving more fodder to the rumor mill. BONK is currently one of the best-performing meme coins to interact with, which is up 108% in the last month. The token is presently sitting at $0.00004386.

As per CoinCodex, BONK is expected to surge by 228% to hit a new price mark of $0.000145 by the end of November to mid-December 2024.

“According to our current Bonk price prediction, the price of Bonk is predicted to rise by 228.46% and reach $0.000145 by December 26, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 79 (extreme greed). Bonk recorded 14/30 (47%) green days with 40.15% price volatility over the last 30 days. Based on the Bonk forecast, it’s now a good time to buy Bonk.”

Also Read: Rocket Lab Stock, Rival of Elon Musk’s SpaceX, Surges to ATH

Dogecoin (DOGE) Price Prediction for November End

Dogecoin is also one of the trending crypto tokens of the current bull market. The fact that the Trump-Musk duo has selected DOGE as an acronym for their official administrative department has proven particularly lucrative for DOGE. Furthermore, Dogecoin’s association with Musk and the Tesla chief scoring a new position with the White House are also touted as favorable for Dogecoin in the long haul.

According to CoinCodex, Dogecoin may plummet by the end of November or mid-December to sit at a new price high of $0.37.

“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -6.68% and reach $0.376008 by December 25, 2024. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 82 (extreme greed). Dogecoin recorded 20/30 (67%) green days with 40.27% price volatility over the last 30 days. Based on the Dogecoin forecast, it’s now a good time to buy Dogecoin.”

Also Read: Solana Meme Coin Platform Pump.Fun Removes Stream Feature

• The Cardano price prediction mirrored the early 2021 pattern. 
• Should the correlation hold, an extra 45% could be likely by the end of November. 

Cardano’s [ADA] price action mirrored the early 2021 pattern, which could yield over +45% if the trend plays out this week. The altcoin’s +200% upswing in the past three weeks has pushed it to $1, a level last seen in 2022. 

Will ADA’s 2021 pattern extend?

When zoomed out on the weekly charts, ADA’s rally to the $1-$1.5 zone was similar to the 2021 price action.

In early 2021, ADA surged from $0.3 to $1 in three weeks, a period similar to that of its latest +200% rally. 

Source: ADA/USDT, TradingView

In the 2021 pattern, ADA fronted an extra 45% rally to hit $1.5 before consolidating for three months, followed by a breakout to $2.4.

If the pattern correlation continues, ADA could surge +45% to $1.5 this week before entering a price consolidation. 

As of press time, the weekly candlestick closed above $1, and the 2021 price range further emboldened the bullish inclination. 

As per the Stochastic RSI reading, the strong price momentum also supported the bullish outlook.

Additionally, the OBV (On Balance Volume) corroborated the thesis, but had to clear above the March peak to reinforce more headroom for growth. 

However, a break below $1 will invalidate the bullish thesis and could drag ADA to the lower support level at $0.7-$0.8 (bullish order block, cyan). 

Mixed whale signals

Source: Santiment

Two key whale cohorts, those holding 1M-10M ADA and 10M-100M ADA, showed mixed signals over the weekend.

The latter, with over 34% control (yellow), reduced exposure since the 20th of November. But they were back in accumulation mode, as seen by the slight uptick on the yellow line as of press time. 

However, the former (1M-10M ADA) holders partially distributed after last week’s aggressive buying spree. This mixed signal from whales could bleak ADA’s next price direction. 

Read Cardano [ADA] Price Prediction 2024-2025 

That said, traders remained uber-bullish on the altcoin, with Binance’s top traders dominating at nearly 70% in net long positions. 

Source: Coinglass

The altcoin’s next price move could also be determined by Bitcoin’s [BTC] dominance. A surge in BTC dominance would fizzle ADA or trigger a pullback, while a decline in the king coin’s market share could be bullish. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Ripple’s recent partnership with Archax and Abrdn has set the stage for an exciting future for XRP.

The collaboration involves tokenizing Abrdn’s £3.8 billion Liquidity Fund on the XRP Ledger (XRPL), marking the first-ever tokenized money market fund on the blockchain, News.az reports citing FXLeaders.

This milestone positions XRPL as a leader in real-world asset (RWA) tokenization, which Ripple projects could reach a staggering $16 trillion market by 2030. Ripple’s $5 million investment in tokens linked to Abrdn’s fund further cements its commitment to institutional adoption of blockchain technology.

As the XRPL gains traction among institutional investors, the demand for XRP could significantly increase, potentially influencing its price trajectory.

Key Price Levels for XRP in the Near Term

XRP is currently trading at $1.45, maintaining its position as the 6th largest cryptocurrency by market capitalization, with a live market cap of $82.67 billion. The technical outlook suggests a bullish trend supported by an ascending trendline and strong buyer interest near the $1.38 pivot level.

Key resistance levels to watch are $1.52, $1.64, and $1.76, with a breakout above these levels potentially signaling a sustained rally. Conversely, a failure to hold the $1.38 support could lead to a retracement toward $1.29 and $1.27.

The Relative Strength Index (RSI) at 56.54 reflects a neutral-to-bullish sentiment, while the 50-day Exponential Moving Average (EMA) at $1.39 acts as dynamic support, reinforcing the bullish bias.

XRP’s Long-Term Outlook

Ripple’s focus on tokenization and partnerships with institutions like Abrdn and Archax is driving interest in XRP. By leveraging the XRPL’s capabilities for real-world applications like stablecoin issuance and cross-border payments, Ripple is strengthening the case for XRP’s long-term value.

As institutional adoption of blockchain grows, XRP’s price could be positively influenced by increased utility and demand. If Ripple continues to lead in tokenization efforts, XRP could eventually test significant price milestones beyond its current levels.

News.Az 

The crypto market has been bullish since Donald Trump was declared the winner of the 2024 US elections. Cardano (ADA) has particularly found new gears after struggling for a significant part of the year. For context, the ADA price is up by over 200% in the past month. 

Another coin that has returned 200%+ gains to its investors is Rollblock, which has been attracting ADA investors after raising nearly $6 million during its presale. Let’s see why. 

Cardano surges by over 40% to cross $1

As of the time of writing, Cardano (ADA) is trading for approximately $1. The latest ADA price follows its ongoing bullish trend, which has surged by over 40% in the last 30 days and over 200% in the past month. 

Considering that Cardano seemed to be a failed project before the recent bullish run, it’s normal to wonder why it suddenly picked up. Interestingly, the current Cardano price prediction suggests the coin will reach over $2 in 2025. 

Cardano’s open interest and spot buying pressure have increased, and there are more active addresses following the latest Cardano price prediction. The bullish sentiment is further strengthened by the crypto news about a potential Cardano spot exchange-traded fund (ETF) in 2025 – following the launch of Bitcoin and Ethereum ETFs earlier this year. 

Crypto ETFs Will Rally in 2025

It’s not only Cardano that has rallied after an optimistic ADA price prediction and a potential ETF launch. A similar trend is seen in Solana (SOL) and Ripple (XRP), which are soaring after the crypto news about their ETF filings. There’s increased optimism around their successful approval by the US Securities and Exchange Commission (SEC) following its announcement that the current Chair, Gary Gensler, will resign and leave office by January 2025. 

Gensler’s exit coincides with Trump’s resumption as the 47th US President, and the administration’s pro-crypto initiatives could result in friendlier crypto laws that would further drive the ecosystem’s growth. Ultimately, crypto ETFs may be the piece of the puzzle left to unlock the market’s full potential, which is why there’s an optimistic ADA price prediction out there.

Rollblock presale shows massive potential 

Amid the ongoing ETF speculations, the Rollblock project is already reassuring its investors of the better days ahead. After raising almost $6 million during its ongoing presale, the new casino project has been in high demand among investors. 

The players fancy Rollblock for its online casino, packed with hundreds of their favorite games. These include slots, table games, and live casino games. They also fancy its VIP program, with its exciting token rewards and rakeback bonus, which rewards them with daily, weekly, and monthly bonuses. 

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On the other hand, investors choose Rollblock for its decentralized finance (DeFi) features like crypto staking, which rewards token holders with up to 30% annual percentage yield (APY). Additionally, the platform has a revenue-sharing model that rewards users with a portion of its weekly profits. These online gambling and DeFi possibilities have heightened investors’ demand for Rollblock, causing a 200%+ increase before its official launch. 

Conclusion 

Rollblock’s presale is currently in stage 8, presenting a limited-time opportunity for interested investors to lock in some tokens at a low price of $0.036. Now is the best time to take action before the price increases to $0.041 in stage 9. Make sure to take advantage of the 50% bonus offer currently available.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino

BTC Slides Below $93k on Profit-Taking

On Monday, BTC succumbed to profit-taking, dropping below $93k as investors awaited fresh price catalysts. Despite Monday’s retreat, sentiment remains bullish.

The Kobeissi Letter, an industry-leading commentary on the global capital markets, highlighted optimism for BTC’s 2025 outlook, stating,

“Prediction markets now see a BASE CASE of bitcoin rising above $150,000 by the end of next year. The odds of bitcoin rising above $150,000 in 2025 have jumped from 13% to 58% in just 2 weeks, according to Kalshi. The medium expectation is now for bitcoin to rise to $158,000 in 2025. There is also a 77% chance of bitcoin crossing above $125,000 next year. Prediction markets think bitcoin has much more room to run.”

Supply-demand shifts remain crucial for BTC to break above the $100,000 threshold. BTC-spot ETF market flow trends and progress toward BTC becoming a US strategic reserve asset may tilt the supply-demand balance in its favor.

US BTC-Spot ETF Market Ends Five-Day Winning Streak

On Monday, the US BTC-spot ETF market faces the prospect of ending its five-day winning streak. According to Farside Investors:

• Fidelity Wise Origin Bitcoin Fund (FBTC) had net outflows of $134.7 million.
• Bitwise Bitcoin ETF (BITB) saw net outflows of $280.7 million.
• Grayscale Bitcoin Trusts (GBTC) reported net outflows of $158.2 million.
• ARK 21Shares Bitcoin ETF (ARKB) had net outflows of $110.9 million.

Excluding flow data for iShares Bitcoin Trust (IBIT), BTCO, and HODL, net outflows totaled $684.1 million. Nevertheless, Monday’s outflows only made a minor dent in last week’s inflows of $3,353.1 million.

Bloomberg Intelligence Senior Analyst Eric Balchunas remarked on BTC-spot ETF flow trends and BTC’s retreat, saying,

“I see a lot of CT baffled/frustrated as to how Saylor can buy $5b of btc but price doesn’t move up- which is same thing I hear sometimes about ETFs after big flows. Here’s data showing what I’ve long been saying: the call is coming from inside the house, it’s long-term hodlers.”

Bitcoin (BTC) Price Prediction

On Monday, BTC slid by 5.16%, reversing a 0.80% gain from Sunday, closing at $92,845. BTC dropped below $95,000 before finding support.

On Tuesday, November 26, SEC Chair-related updates and BTC-spot ETF flow trends require consideration. A pro-crypto Chair supporting crypto-friendly regulations could boost investor appetite for BTC and the broader crypto market. However, BTC-spot ETF market flow remains crucial for BTC’s move to $100,000.

Stay tuned for updates on how regulatory shifts and market dynamics influence crypto trends.

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Cardano (ADA) is making headlines, earning an impressive “A-” rating and joining the elite ranks of bigger cryptocoins. Analysts are now eyeing a potential surge to $3, fueled by ADA’s growing adoption and its role in reshaping blockchain innovation. Many are now wondering whether ADA can hit $3 in the near future and smash through its current barriers to achieve a new all-time high.

Meanwhile, JetBolt (JBOLT) continues to gain traction, drawing attention with its groundbreaking zero-gas technology and an impressive presale performance, with over 66 million tokens sold. As JetBolt whale activity rises, many are curious whether it will position itself as the next big thing in the crypto landscape.

Let’s explore the Cardano price prediction as JetBolt whale activity continues to rise.

Cardano Price Prediction: Will ADA Hit a New ATH?

Cardano (ADA) has surged beyond the $1 mark, hitting a multi-year high, and is currently trading at $1.05. Now ranked among the top ten major cryptocurrencies, ADA’s rally showcases its growing dominance and strong market performance. 

A tweet from crypto analyst Ali Charts (@ali_charts) showcasing a graph of ADA’s transactions. Source: X (Formerly Twitter)

Fueling the excitement, Cardano has achieved a prestigious “A-” rating from Weiss Crypto, elevating it to the elite ranks of leading cryptocurrencies. This recognition underscores the blockchain’s resilience, technological innovation, and growing adoption.

Analysts are now speculating on whether ADA can achieve a new all-time high (ATH) of $3, with some even forecasting a potential surge to $6.  Ali Martinez, a seasoned crypto analyst, has drawn parallels between ADA’s current trajectory and its previous bull run. Based on this technical analysis, he predicts that ADA could potentially soar to heights of $6.

However, Martinez cautions that the $0.80 support level is a critical juncture. This level has seen a massive accumulation of 1.2 billion ADA tokens by 48,000 addresses, which could act as a strong bulwark against potential bearish pressures. If this support holds, it could fuel ADA’s ascent and propel it towards the $3 target.

Despite the bullish sentiment surrounding Cardano (ADA), its Relative Strength Index (RSI) currently stands at 84.15, indicating that the asset is in overbought territory. The RSI, a key technical indicator, suggests that ADA’s price may have risen too quickly and could be due for a correction or consolidation period.

The Future of Altcoins? JetBolt Sold 66M Tokens and Counting

JetBolt (JBOLT), a rising star among next-generation altcoins, is capturing the spotlight with its groundbreaking zero-gas technology and user-centric features. This innovative platform is drawing significant interest from crypto whales and the Web3 community, positioning itself as a must-watch in the blockchain space.

At the core of JetBolt’s appeal lies its revolutionary zero-gas technology, which eliminates gas fees entirely. This breakthrough not only enhances efficiency for individual users but also dismantles long-standing barriers to crypto adoption. By erasing these cost hurdles, JetBolt opens the door to new possibilities for dApps, SocialFi platforms, blockchain systems, and other Web3 projects, sparking a wave of innovation, accessibility, and creativity across the ecosystem.

JetBolt goes beyond technological innovation by transforming the user experience. JBOLT’s interactive staking platform redefines traditional staking, offering a seamless and rewarding journey for users of all levels. Users can earn more coins simply by engaging with the platform.

The excitement doesn’t stop there—JetBolt’s presale has become a hot topic, with over 66 million tokens sold and daily price hikes generating buzz. Early adopters benefit from exclusive perks like up to 25% discounts through Alpha Box bundles and batch purchases, making it an inviting opportunity.

As JetBolt whale activity rises, a growing number of buyers are taking notice, eager to leverage on JetBolt’s technological edge.

Conclusion: Can ADA Hit New ATH While JetBolt Whale Activity Rises?

As the crypto market heats up, both Cardano and JetBolt are emerging as frontrunners in their own unique ways. Cardano’s impressive “A-” rating and growing adoption position it as a force to be reckoned with, as analysts speculate on its potential to reach $3 or even higher. Meanwhile, JetBolt’s revolutionary zero-gas technology and impressive presale performance of 66 million tokens sold are paving the way for it to make a name for itself in the highly volatile altcoin space.

Discover more about JetBolt at:

JBOLT Website: https://jetbolt.io/

X/Twitter: https://x.com/jetboltofficial

Telegram: https://t.me/jetboltcoin

This content is for informational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile and carry significant risks. Always conduct thorough research and carefully evaluate your options before making any crypto-related decisions.

*This article was paid for. Cryptonomist did not write the article or test the platform.

• Assessing the XRP price prediction, as the altcoin was up nearly 200% in November. 
• Can the uptrend extend amid renewed whale interest? 

Ripple [XRP] rallied nearly 200% in November, soaring to a four-year high of $1.63 in two weeks. Such an upswing meant most holders had massive unrealized profits, which always precede a potential price decline and cool-off. 

But whales’ actions suggested otherwise. Crypto market analyst Ali Martinez noted that whales grabbed over 50 million XRP over the weekend, suggesting that some large players expected the uptrend to continue. 

Source: Santiment

XRP price prediction

At press time, XRP was valued at $1.5, halfway from its 2018 high above $3 and about 20% below the 2021 cycle top of $2. 

So, the $2 price target was the immediate bullish target for XRP, especially if the uptrend continued.

The strong price momentum, illustrated by the Stochastic RSI and spike in OBV (On-Balance Volume), indicated strong buying pressure and the potential for hitting $2 or higher targets. 

Source: XRP/USDT, TradingView

But there was a small caveat for bulls. Last week’s candlestick closed below $1.5, similar to the past two days. This meant there was a tussle for the $1.5 level, and securing it could inform the next price direction. 

On the daily chart, bulls had the upper hand. The price imbalance (FVG-fair value gap) below $1.4 has been a key re-entry point for bulls.

A strong momentum at this level could allow the uptrend to target upper targets like the $1.96. 

Source: XRP/USDT, TradingView

The area below $1.5 also had a build-up of leveraged longs (bright orange levels), which market makers could use to hunt for liquidity. 

Read XRP’s Price Prediction 2024–2025

On the upper side of the price action, leveraged short positions were also parked above $1.6. In short, XRP could experience a liquidity sweep at or below $1.4 before eyeing $1.6 or $1.9. 

Source: Coinglass

In conclusion, XRP was primed for an extra uptrend, at least based on the spike in whale demand. However, the momentum could only be validated if XRP decisively soars above $1.5. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Between November 20 and 23, Dogecoin (DOGE) whales reduced their holdings — the same week the cryptocurrency reached a yearly high. This decrease in exposure caused DOGE’s price to dip to $0.36.

However, that is no longer the situation today, as these key stakeholders have resumed buying. Here is how this could affect Dogecoin’s value going forward.

Big Wigs Won’t Let Dogecoin Go Without Buying

According to Santiment, the balance of addresses holding between 1 million and 10 million DOGE dropped to 10.39 billion on November 23 but has since risen to 10.59 billion.

This indicates that Dogecoin whales took advantage of the weekend dip, accumulating approximately 200 million coins. At DOGE’s current price of $0.42, this equates to $84 million worth of purchases. Such whale accumulation often indicates a reduction in selling pressure.

Consequently, this surge in buying activity suggests that Dogecoin’s price could be gearing up for a climb beyond its current $0.42 level. Should that be the case, then the prediction that the meme coin could hit $1 might come to pass.

Additionally, the Average Directional Index (ADX) has been climbing steadily. The ADX is a technical analysis tool that helps traders evaluate the strength of a trend, whether bullish or bearish.

When the ADX exceeds 25, it signals strong directional momentum. Conversely, a reading below 25 suggests weak movement. On Dogecoin’s daily chart, the ADX has surged to 68.00, indicating a significant uptrend. With the coin trending higher, this suggests that DOGE’s price could continue to rise.

DOGE Price Prediction: $1 Still Feasible

A further look at the daily chart shows that Dogecoin’s price experienced resistance at $0.43. This decline was one reason the cryptocurrency failed to rally to $0.50. It is also important to mention that trading volume dropped, making it challenging for the uptrend to continue.

Meanwhile, it appears that bulls are defending the $0.36 region. If sustained, then DOGE’s value could climb towards $0.48. In a highly bullish scenario, the meme coin could rally toward the $1 mark.

However, if DOGE whales decide to sell, this might not happen. Instead, the coin might decline to $0.32.

Cardano’s price suffered a harsh reversal during the weekend as the recent strong rally took a breather. After ADA jumped to a multi-year high of $1.1500, it dropped sharply to a low of $0.95, its lowest point since Thursday last week. 

Why Cardano price slumped

There are three main reasons why the price of ADA dropped sharply during the weekend. First, the sell-off mirrored the performance of Bitcoin and other altcoins. Bitcoin retreated to $96,000, down from $99,600 last week. This drop triggered more sell-offs in the crypto industry, with other layer-1 coins like Avalanche, Ethereum, and Sui falling. 

Second, the coin dropped amid profit-taking after it staged a strong rally a few weeks ago. It was up by almost 260% between its lowest level in October and its highest point this month. In most cases, such bullish breakouts are usually followed by a brief pullback.

Third, in line with the second point, ADA price dropped because of a situation known as mean reversion. This is a situation where an asset drops to match its moving averages In this case, the coin needs to drop by about 44% to reach its 50-day moving average and by 55% to get to its 200-day MA level. 

Read more: Cardano Price Prediction: To Surge 35% Amid Rotation from SOL to ADA

Is it safe to sell ADA now?

Now, with the price of Cardano falling, is it a good thing to sell or go short? Most crypto analysts believe that the coin has more upside to go. In an X post, one analyst known as EL, noted that the ongoing pullback was a normal part of the process. He cited the last bull when the coin consolidated below $1 and then surged to $3, its all-time high.

Other analysts also believe that the price of Cardano has more gains to make. Trend Rider noted that the coin will likely have more volatility and then resume its bull run. Such huge swings are common, especially when an asset has just made a strong triple-digit move.

Technically, we suspect that the coin will drop to the key support at $0.8100 and then resume the bullish trend. This is a notable price since it was the highest level on March 14 this year.

This pattern is known as a break and retest and is one of the most popular continuation signs. More gains will be confirmed when the coin rises above the year-to-date high of $1.1500.

Read more: Cardano Price Prediction as Crypto Pro Sees a Strong ADA Surge