The crypto market took a hit as Trump’s tariff war and Ripple’s massive 400 million XRP unlock, worth about $1.136 billion, sent XRP’s price tumbling. In just 24 hours, XRP dropped by 24.6%, extending its overall decline to over 15% amid the broader market crash.

A top analyst now warns that XRP could fall further to $1.90.

XRP’s February Slump – Will History Repeat Itself?

XRP’s sharp drop raises concerns about its typical February performance. According to Cryptorank data, XRP has averaged a -3.00% return in February, finishing in the green only four times since 2014.

Its best performance came in 2022 with a 26.3% gain, but overall, February has been a tough month for the token. This trend suggests more volatility ahead.

Can XRP Recover? Key Factors to Watch

Despite the bearish trend, some analysts remain hopeful. XRP’s recovery could be supported by key price levels, speculation about an XRP ETF approval in 2025, the long-awaited resolution of the Ripple vs. SEC case, and a possible IPO launch.

Crypto analyst EGRAG CRYPTO warns that XRP could drop further to $2.30, with $1.90 as a crucial support level. He points to the 21-day Exponential Moving Average (EMA) as an important indicator in the current downturn. While the outlook is bearish, he also suggests that this dip could be a buying opportunity.

Analysts Reveal What’s Next

Not all analysts are optimistic. Crypto expert Ali Martinez believes XRP could fall further, citing the TD Sequential indicator, which signaled a sell-off over a week ago. His analysis suggests that more losses may be ahead.

• Also Read :
•   Pro-XRP Lawyer Deaton Says ‘War Against Crypto Not Dead’, Here’s Why
•   ,

XRP’s price movement will depend on how it holds at key support levels. If it stays above $2.30, a rebound is possible. However, if it falls below $1.90, it could trigger a deeper sell-off. Despite its 15% plunge to $2.43, XRP’s Relative Strength Index (RSI) is at 34, hinting at possible bullish momentum.

Beyond technical factors, broader market conditions are adding pressure. XRP Futures Open Interest has dropped by 35%, showing that traders remain bearish. Meanwhile, global markets are on edge as Trump delays crypto regulations and pushes tariff policies, increasing uncertainty.

What’s Next for XRP?

Experts are divided on where XRP is headed next. Some predict a rally back to $4, while others see a longer downturn as the Ripple vs. SEC case remains unresolved. Despite the sell-off, many still believe XRP has strong long-term growth potential.

As history suggests, February has rarely been kind to XRP – will this year be any different?

Dogecoin price could be appreciated by over 54,000% if the meme coin was able to reach the market cap of Gold, the largest financial asset by valuation.

Dogecoin’s Historical Market Cap Struggles

As the leading meme coin, Dogecoin has come a long way from its humble beginnings in late 2013. By January 2014, Dogecoin’s market cap stood at a paltry $5.58 million, according to data from CoinMarketCap. This figure spiked to $90.5 million in February 2014 but stabilized at around $36 million for most of that year.

Interestingly, from this range, Dogecoin’s valuation slumped again from 2015 to 2016, hitting the $21 million level during this period. However, a turnaround occurred in the 2017/2018 bull run as crypto adoption became more mainstream. Dogecoin leveraged this trend to hit a market cap of $388 million in May 2017 before collapsing again.

Meanwhile, the meme coin’s major breakthrough occurred in the next bull run in 2021, as it caught the attention of Tesla Chief and billionaire Elon Musk. By January 2021, Dogecoin’s market cap had crossed $1 billion for the first time in its history. It continued to soar in Q1 2021, reaching a top of $8.94 billion before retracing.

A subsequent surge from April 2021 saw Dogecoin’s market cap increase to $47.3 billion before pulling back and surging at a more substantial rate to $73.8 billion in May 2021. This was Dogecoin’s all-time high market cap.

Dogecoin Price if It is Able to Reach Gold Market Cap

Interestingly, as the ongoing bull market demonstrates Dogecoin’s immense potential, discussions around massive price spikes have led to projections that could lead to greater market valuations for the meme coin.

For context, Dogecoin witnessed an impressive run in November 2024 following the U.S. elections. As a result, its market cap hit $61 billion, higher than 331 firms within the S&P 500. This prompted speculations of higher grounds as the meme coin sustained the run.

At $61 billion, the total market cap of Dogecoin is now higher than 331 companies in the S&P 500.$DOGE $SPX

— Charlie Bilello (@charliebilello) November 13, 2024

While largely regarded as a pipe dream, the idea of Dogecoin reaching Gold’s market cap emerged. Such a rally would be astronomical but remains largely unfeasible.

However, with Gold’s current market cap of $18.8 trillion, if Dogecoin attained this level, its price would surge to $127.56, considering the circulating supply of 147.8 billion tokens. Currently trading for $0.2352, Dogecoin would need to rally 54,109% to hit $127.56. Nonetheless, ambitious projections of similar proportions have recently taken root.

For instance, last December, market analyst Ali Martinez suggested that a Dogecoin price rally to $23 was possible. In addition, Trader Tardigrade, another market commentator, predicted a possible price surge to $30. For context, a $23 price would lead to a Dogecoin market cap of $3.4 trillion, and $30 translates to a valuation of $4.4 trillion.

• Cardano and Solana prices continue to trade in red on Monday after falling over 15% the previous week.
• Coinglass data shows that ADA and SOL liquidated a total of $120 million in the last 24 hours.
• Technical outlook and on-chain metrics for both altcoins suggest a continuing bearish trend.

Cardano (ADA) and Solana (SOL) prices continue to trade in red on Monday after falling over 15% the previous week. On Saturday, the implementation of the United States (US) President Donald Trump’s announced tariffs on major trading partners, including China, Canada, and Mexico, exerted some selling pressure on the overall crypto market. 

The recent downturn at the start of this week has liquidated over $120 million from ADA and SOL in the last 24 hours. Both altcoins’ technical outlook and on-chain metrics suggest a continuing bearish trend.

Cardano and Solana traders face massive wipeout over $120 million

The crypto market began a correction on Friday as Bitcoin dropped below a key support level, continuing its decline through the weekend. By Sunday, altcoins like Cardano and Solana had followed BTC’s lead, falling nearly 16% last week and extending their correction into the new week. 

ADA and SOL correction on Monday triggered a wave of liquidations, resulting in over $120 million in total liquidations and more than $84 million, specifically in SOL, according to data from CoinGlass. Huge liquidations like this could spark Fear, Uncertainty and Doubt (FUD) among these altcoin investors and could cause a rise in selling pressure, leading to further decline in its prices.

SOL Liquidation chart. Source: Coinglass

ADA Liquidation chart. Source: Coinglass

On-chain metrics show bearish signs

According to Coinglass’s OI-Weighted Funding Rate data, the number of traders betting that the prices of altcoins Cardano and Solana will slide further is higher than that anticipating their price to increase. 

This index is based on the yields of futures contracts, which are weighted by their open interest rates. Generally, a positive rate (longs pay shorts) indicates bullish sentiment, while negative numbers (shorts pay longs) indicate bearishness.

In the case of Cardano and Solana, this metric stands at -0.0058% and -0.0017%, respectively, reflecting a negative rate and indicating that shorts are paying longs. This scenario often signifies bearish sentiment in the market, suggesting potential downward pressure on Cardano and Solana prices.

ADA funding rate chart. Source: Coinglass

SOL funding rate chart. Source: Coinglass

Cardano Price Forecast: Bears take the lead

Cardano’s price faced rejection around its weekly resistance level of $1.18 on January 17, declining nearly 19% in the next two weeks. As of Monday, it continues to decline by 21.63%, around $0.63 at the time of writing.

If ADA continues correcting, it could extend the decline to test its next weekly support at $0.44.

The Relative Strength Index (RSI) indicator on the weekly chart reads 45, below its neutral level of 50 and points downwards, indicating bearish momentum. Additionally, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, suggesting a downward trend.

ADA/USDT weekly chart

Solana Price Forecast: Bears aim for $120 mark

Solana’s price declined 15.38% and closed below the 50% price retracement level at $192.20 (drawn from the November 4 low of $155.11 to the November 22 all-time high of $264.39) last week. At the time of writing on Monday, it continues to trade down by 6.34%, around $190.61.

If SOL continues its decline, it could extend to test the January 13 low of $168.88. A successful close below this level would extend an additional decline to test its next weekly support at $120.91.

The RSI indicator on the weekly chart reads 49, below its neutral level of 50 and points downwards, indicating bearish momentum. The MACD also shows a bearish crossover, suggesting a downward trend.

SOL/USDT weekly chart

Yesterday, Ripple unlocked at least 400 million XRP, valued at around $1.136 billion. In the last 24 hours alone, the price of XRP has dropped by over 24.6%.

What Actually Happened in the XRP Market?

As part of Ripple’s routine monthly token release from escrow, yesterday, at least 400 million XRP, worth nearly $1.136 billion, were unlocked. The development was initially brought to attention by Whale Alert. 

The XRP market’s daily chart shows that it took no time for investors to respond to the development. In the last 24 hours alone, the XRP market has declined by at least 24.6%. 

Does All the Unlocked XRP Enter the Market?

Highlighting the unique unlock process of Ripple, reports state that not all the unlocked XRP tokens entered the market yesterday. Experts familiar with Ripple’s unlock process explain that Ripple generally uses just 20 to 25% of the tokens released during an unlock session. 

What Happens to the Remaining XRP?

Experts add that Ripple locks back the remaining tokens in the custody account. In simple terms, this is how the XRP unlock process works: Ripple unlocks a set amount of XRP from escrow, sells around 20% to 25% of the unlocked tokens to institutions, exchanges, or for strategic partnerships, and locks the rest back into escrow, extending the release schedule to future months.

Why Does Ripple Do This?

It is to manage supply, promate stability and fund operations that Ripple unlocks a specific amount of tokens every month. Additionally, to limit the impact of the unlock process, Ripple sells just a small portion of the unlocked XRP and locks back the rest. 

XRP Market Overview

At the start of this year, the XRP market stood at around $2.0847. Between January 10 and 17, the market witnessed sharp growth of 45.01%. On January 16, the market touched a yearly peak of $3.3994. On January 19, the market sharply plummeted from $3.2721 to $2.9589.

• Also Read :
•   Crypto Market Sell Off: How Trump’s Tariffs are Driving a Crypto Liquidation
•   ,

Between January 20 and 31, the market stayed within the range. On February 1, the market sharply broke below the range. Since February 1, the market has experienced a decline of 26.15%. At one point today, the market fell as low as $1.7752. Currently, the market stands at $2.2409. 

Ripple’s regular XRP unlock process aims to balance supply while supporting operations. Although large token releases can trigger price reactions, Ripple’s controlled approach – selling only a portion and re-locking the rest – helps manage long-term market stability. 

FAQs

Amid widespread speculations, BitLab Academy Director Kellam believes the XRP to $10,000 price predictions are ridiculous.

As XRP continues its bullish run following Donald Trump’s victory in the U.S. presidential election, ambitious price predictions have surfaced. 

Some analysts see XRP reaching staggering heights, with a few even expecting an ambitious $10,000 price. However, this prediction has been largely controversial, with multiple market commentators calling it unrealistic.  

Kelly Kellam Dismisses $10,000 XRP as Unrealistic  

BitLab Academy Director Kelly Kellam is one of the latest figures to criticize the idea of XRP reaching $10,000. He believes such projections are completely irrational. According to him, anyone convinced that XRP will hit this level would be better off donating their money to charity.  

$10,000 XRP price target!!! Fucking ridiculous:

If you believe XRP is going to 10k. Please choose a go fund me campaign & donate it. Your money will be put to better work.

Now, whether you like $XRP or not it will still perform quite bullishly this cycle. But a $10k price… https://t.co/V13w1aujjO

— KellyKellam (@Kellykellam) January 31, 2025

Kellam emphasized that XRP will likely experience a strong uptrend in this cycle, but a valuation of $10,000 per token is out of the question. He pointed out that such a price would require an astronomical market capitalization of around $577 trillion, even before considering inflation. 

In his view, a price range between $6 and $10 is much more reasonable. Under extreme bullish conditions, he believes XRP could reach $20, and in the event of an overwhelming supercycle, it could push to $30. However, anything beyond that is highly improbable.  

In fact, Kellam is so skeptical of the $10,000 price prediction that he suggests blocking anyone who promotes such claims.

A Bold Prediction 

For context, Kellam’s remarks came in response to a post by Crypto Sensei, the founder of Cryptonairz and one of the individuals who believe an XRP to $10,000 prediction is feasible. 

In one of his latest disclosures, Sensei claimed that XRP is set to hit $10,000, backing his argument with a diagram showcasing Ripple’s numerous partnerships and projects. He implied that XRP’s widespread adoption would drive its value to such levels.

XRP is expected to reach $10,000 per token! Here are the confirmed banks planning to integrate #XRP. pic.twitter.com/ULV7FkPFOU

— CryptoSensei (@Crypt0Senseii) January 30, 2025

Other Analysts Express Doubt

However, his projection has faced intense opposition from Kellam and other market commentators, who found the claim unrealistic. A well-known crypto influencer, AltMom, noted she was optimistic about XRP but doubted its ability to reach $10,000. 

I’m bullish, but for $XRP to hit $10k, we’d need about $9.5-10 trillion in volume which is fluctuating around 80 trillion adding all the “M’s”

BlackRock’s crypto fund is up $200 million to nearly $625 million since Nov. Even w/ news from Trump, Grayscale, &
China it’s a bit…

— AltMom 👑🌹 1st Rose on the Moon 🌙 (@AltMomTrades) January 31, 2025

She asserted that for XRP to reach this level, it would need a trading volume of around $9.5 to $10 trillion. Meanwhile, according to her, even after accounting for all major markets, the total fluctuating volume currently stands at roughly $80 trillion.  

She also referenced BlackRock’s growing crypto fund, which has increased from $200 million to nearly $625 million since November. Even with bullish news from Trump, Grayscale, and China, the crypto influencer believes XRP hitting such an astronomical price is far-fetched. 

Instead, she predicts XRP will likely settle within the $8 to $13 range this cycle. If it fails to reach this level, she suggests that XRP holders may need to reconsider their expectations.  

In addition, Crypto Warehouse, another crypto influencer, highlighted a more conservative price target. He noted that since early 2023, he has maintained that XRP will likely reach between $5 and $7.

Now, given the current market conditions, Crypto Warehouse is confident that XRP will easily hit $5 and could trend toward $7 if bullish momentum continues. However, he does not believe XRP’s market cap can sustain much higher valuations. 

The cryptocurrency community has taken notice of Solana because of its quick transfers and inexpensive fees. Another new initiative, Remittix, is gaining traction as Solana News keeps highlighting its expansion. This cutting-edge network has the potential to revolutionize international money transfers by utilizing Solana‘s blockchain to facilitate quicker and more economical transactions.

Solana’s Market Position and Technological Edge

Solana has gained recognition as a leading blockchain network, valued for its rapid transaction processing and minimal costs. Its unique Proof of History (PoH) consensus mechanism sets it apart from competitors, enabling it to process thousands of transactions per second. However, Solana’s price has often moved in response to developments in the market and from government policy.

Solana’s price is anticipated to increase as a significant volume of institutional money moves into the platform, in part due to the ongoing creation of decentralized apps (dApps) on its blockchain. However, as the demand for SOL tokens grows, Solana’s growing institutional interest portends robust future expansion.

The dApp, NFT, and DeFi ecosystems for Solana are expanding quickly. As more projects join the Solana network, the demand for SOL tokens rises, which directly affects Solana’s price. Continuous scalability improvements are a top priority for Solana, one of Ethereum’s main rivals. The network is working with platforms like Magic Eden, which is helping to expand NFTs and drive up the cost of Solana as it continues to gain popularity. Despite its benefits, Solana has several disadvantages, including network outages, which the development team is attempting to resolve to increase system stability.

Remittix: The Next Big Innovation in Blockchain Remittances

A new coin called Remittix is attracting attention due to its ability to upend the global remittance market. This coin eliminates traditional remittance services’ astronomical fees and protracted processing times by using Solana’s blockchain to deliver rapid, secure, and affordable cross-border transfers.

The decentralized structure of the network guarantees that users can transmit money across borders effectively and with increased security. The need for SOL tokens will probably increase as more people utilize Remittix to send money internationally, which will drive up the price of Solana. Scalability and efficiency are ensured by Remittix’s integration with Solana’s blockchain, which makes it a useful addition to the cryptocurrency market.

Remittix functions on a peer-to-peer network, drastically lowering transfer costs in contrast to typical remittance systems that depend on banks and third-party intermediaries. Businesses that regularly deal across borders and migrant workers especially benefit from this innovation. Decentralized alternatives like Remittix offer a good substitute for traditional financial institutions under growing regulatory scrutiny, guaranteeing smooth and transparent money transfers throughout the globe. This coin is in a strong position to lead the financial services industry as demand for blockchain-based solutions grows.

A strong synergy is created by the partnership between Remittix and Solana. As Remittix expands and gains more users, Solana’s blockchain will be essential to handle the large volume of transactions; this increased use of Solana’s network is anticipated to raise demand for SOL tokens, which will raise the price of Solana.

This new coin is a very promising project in the blockchain industry because of its creative approach to remittances, which could also lead to a wave of adoption in the crypto space, increasing awareness of Solana and possibly raising its price. Traders are placing bets on this synergy.

Remittix is well-positioned to benefit from the rising demand for reasonably priced and effective remittance services as the price of Solana keeps rising in tandem with the demand for SOL tokens. It is poised to transform the remittance sector with its cutting-edge blockchain-based solutions, offering consumers quicker, less expensive, and more secure transfers.

Conclusion

With expanding institutional investor interest and acceptance, Solana’s price appears to have a bright future. In the meantime, Remittix offers traders and investors a special chance since it wants to use Solana‘s blockchain to transform the remittance sector. High returns are still possible because both projects are expected to grow further.

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

Website: https://remittix.io/ 

Socials: https://linktr.ee/remittix

Cryptocurrency markets are in the red today, with major coins including Bitcoin, experiencing price declines. XRP has been hit the hardest, with its price dropping over 20% in the last 24 hours. The price has now dropped below its previous key support level of $2.52 and is now trading at $2.41. 

If the price continues to fall, a test of $2.32 becomes more likely. A break below $2.32 would confirm a more bearish outlook, suggesting an invalidation of the previous micro “one-two” setup. For now, the larger pattern remains intact, but the market is showing increasing pressure.  The depth of this decline remains uncertain, and it will be crucial to watch how the market reacts to these new support levels in the coming days.

Waiting for Confirmation

To confirm a reversal, XRP would need to break above the recent high of $3.15. Additionally, a break above $2.89 (the golden ratio level) could signal the start of an upside breakout. For now, the market remains in a correction phase, but it is in an area where a potential low could form.

Larger Range and Next Support Levels

XRP remains within a larger sideways range, bounded between $1.96 (the previous breakout point from 2021) and the $3.40 level. If the market continues to decline, the next key support levels are at $2.23 (the 100% extension of the immediate down move) and lower levels around $1.96 and $1.23.

Overall, the market pressure is currently bearish, but there remains a chance for the bulls to step in. With Bitcoin having reached its downside target, the market could see a reversal in the coming week. However, no confirmed low has yet been established, so it’s crucial to remain patient and monitor for further developments.

The Dogecoin price is on the verge of a major breakdown, with bearish technical indicators threatening a staggering 55% drop. Meanwhile, a new star, WallitIQ (WLTQ), is projected to skyrocket by an astonishing 15,300% in 7 days, according to analysts. This revolutionary asset is offering the market a glimpse of hope and a chance to earn massive returns in a few days. 

Dogecoin Price At Risk? Why Analysts Predict A Sharp 55% Decline

Dogecoin price is facing intense bearish pressure, with technical indicators flashing warning signs of a steep decline. Once a market favorite, the Dogecoin price is now struggling as traders react to weakening support levels. 

Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) reveal a downward trend, confirming that bearish momentum is growing stronger. If this trend continues, the Dogecoin price could see a shocking 55% drop from $0.327, sending panic through the market. 

Despite brief rebounds, technical indicators suggest that the Dogecoin price lacks the strength to sustain upward movement. Bears remain in control, pushing past critical resistance zones, while investors watch for any signs of stability. 

However, crypto markets are unpredictable, and a sudden shift in sentiment could defy technical indicators and drive the Dogecoin price higher. Until then, caution is key as technical indicators continue to signal a challenging road ahead for the Dogecoin price and its holders.

WallitIQ (WLTQ): The Future Of Crypto Wealth Creation

WallitIQ (WLTQ) is rapidly carving out a dominant name in the cryptocurrency sphere, captivating investors with its cutting-edge features and the astonishing potential of a 15,300% surge in 7 days. Enthusiasts are eagerly flocking to its presale, pouring in significant capital as they recognize the transformative impact of this groundbreaking token. 

The buzz around WallitIQ (WLTQ) is undeniable, as it outshines competitors with next-generation solutions designed to redefine decentralized finance (DeFi) even as bearish indicators signal a 55% decline for the Dogecoin price. As uncertainty clouds Dogecoin’s (DOGE) trajectory, the spotlight is shifting toward this DeFi token, which presents an unparalleled growth opportunity in 7 days. 

WallitIQ (WLTQ) incorporates features such as AI-powered fraud detection, biometric authentication, facial recognition, and live verification to guarantee asset safety. These advanced features establish a highly secure ecosystem, reassuring investors that their holdings remain protected. 

With its presale price set at $0.0420, WallitIQ’s (WLTQ) native token is expected to skyrocket to $110, delivering an impressive 15,300% ROI. Market analysts are bullish on its trajectory, heralding it as a revolutionary force in the crypto industry. 

Further fueling its momentum, WallitIQ (WLTQ) introduces a state-of-the-art Crypto Wallet Management Mobile App set to ease digital asset transactions. With QR code-enabled payments, simulated transactions for added security, and real-time market insights via the CoinGecko API, users gain a smooth and data-driven experience. 

These pioneering advancements firmly position WallitIQ (WLTQ) as a DeFi frontrunner, poised for an explosive 15,300% rally in 7 days.

WallitIQ (WLTQ) Presale: Your Golden Ticket To Unmatched Profits

As bearish momentum threatens a 55% drop in the Dogecoin price, investors are swiftly turning their focus to WallitIQ’s (WLTQ) presale, which is generating massive interest. With an attractive entry price of $0.0420 and the potential for an astounding 15,300% surge in just 7 days, early adopters have already funneled millions into this promising token. 

WallitIQ (WLTQ) is making waves in the market, driven by next-generation technology and revolutionary features. Its decentralized ecosystem integrates AI-driven algorithms, responsive chatbots, and an advanced QR-based scan-and-pay system, making decentralized finance (DeFi) more accessible and convenient. These innovative tools pave the way for substantial returns within 7 days. 

Adding to its credibility, WallitIQ (WLTQ) has successfully passed a rigorous SolidProof audit, reinforcing transparency and security. With real-time smart contract monitoring, investor confidence is soaring, making WallitIQ (WLTQ) the prime choice for those seeking exceptional ROI in today’s evolving crypto market.

Join the WallitIQ (WLTQ) presale and community: 

Join WallitIQ (WLTQ) Presale

Join the WallitIQ (WLTQ) Community

The price of XRP, the third-largest cryptocurrency by market cap, has collapsed by roughly 14% over the past 24 hours, according to CoinGecko data. 

The Ripple-linked cryptocurrency plunged to $2.58 earlier today, reaching its lowest level since Jan. 14. 

Analyst Timothy Sykes says that crypto markets are down since they are open during the weekend due to the ongoing current trade tensions. He expects the leading US stock market indexes to “get wrecked” as well on Monday. 

Related

According to Sykes, the “trade tensions” are terrible for business and the economy. 

DonAlt, a prominent pseudonymous cryptocurrency trader, has suggested that the crypto market could experience another round of selling on Monday.

Bitcoin (BTC) is currently down more than 4%, holding up better than other major currencies. 

Dogecoin (DOGE) is the worst-performing cryptocurrency in the top 10, plunging by nearly 15%. 

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.

The end of the week is bearish for most of the coins, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has declined by 7.67% since yesterday. Over the last week, the price has fallen by 15.11%.

On the hourly chart, the price of DOGE is closer to the support than to the resistance level. However, most of the daily ATR has been passed, which means sharp moves are unlikely to happen by tomorrow.

On the bigger time frame, there are also no reversal signals yet. If the daily candle closes near its low, the drop is likely to continue to the nearest support of $0.2724 soon.

From the midterm point of view, the picture is similar.

Related

If the weekly bar closes around the current prices, traders may witness a test of the support level by mid-February.

DOGE is trading at $0.2959 at press time.

Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.