• Dogecoin price declined 5% on Thursday, hitting the $0.35 level as bullish catalysts triggered a sell-the-news frenzy. 
• Digital asset manager firm Bitwise filed a DOGE spot ETF with the US SEC. 
• Bull traders have mounted $55 million around the $0.33 level, signaling prospects of an early rebound.

Dogecoin price declined 5% on Wednesday, trading as low as $0.35 on Binance. Recent movements signal a sell-the-news frenzy after a cluster of bullish catalysts emerged within the DOGE markets this week. Can bull traders hold out for an early DOGE price rebound?  

Dogecoin tumbles 5% as Trump and Bitwise ETF spark sell-the-news frenzy

Dogecoin’s price experienced sharp downward volatility on Thursday, driven by a sell-the-news frenzy despite a series of positive events.

On Tuesday, United States (US) President Donald Trump signed the “Department of Government Efficiency” bill into law, with the official website notably featuring a Dogecoin logo.

The connection to Dogecoin drew positive sentiment from the market due to Elon Musk’s long-standing support for the cryptocurrency.

On Wednesday, asset management firm Bitwise filed a spot Dogecoin ETF application with the US Securities and Exchange Commission (SEC).

This cluster of bullish developments, however, appears to have prompted profit-taking among Dogecoin holders.

Many investors who started buying DOGE during Musk’s public alignment with Trump’s campaigns in September 2024 are now sitting on over 200% unrealized gains.

With Dogecoin hitting notable milestones, these holders opted to lock in profits. As a result, Dogecoin’s price plunged 5% in the last 24 hours, reaching $0.35 by Thursday.

This sharp decline came despite the dual tailwinds of Trump’s endorsement and Bitwise’s ETF filing.

Based on recent DOGE price movements, the majority of Dogecoin holders opted to book profits, as Dogecoin attained two major feats.

The chart above shows how the price plunged 5% in the last 24 hours, to hit the $0.35 level on Thursday, despite multiple bullish news events. 

Dogecoin Price Action, January 23, 2025 | Source: TradingView

When an asset’s price declines sharply after positive events, as observed in the Dogecoin market this week, it signals a class sell-the-news cycle. 

However, considering that such sell-offs often do not indicate a deterioration in any key fundamental factors, traders booking profits on Dogecoin this week could begin to seek buy-in opportunities at these lower prices.

This could potentially spark a Dogecoin price rebound in the days ahead. 

Bull traders deployed $55M leverage to prevent a $0.33 breach

Dogecoin’s 5% price dip, coinciding with positive market developments, reflects a widespread profit-taking trend.

However, Bitwise’s ETF application underscores Dogecoin’s long-term bullish prospects as it attracts fresh institutional-sized capital inflows.

In response, strategic speculative traders are taking resilient positions, anticipating an early rebound in Dogecoin’s price.

Confirming this outlook, the Coinglass Liquidation Map chart below highlights the total value of leveraged long and short futures contract positions clustered around the current price levels.

Dogecoin Liquidation Map, January 23, 2025 | Source: Coinglass

At first glance, bearish sentiment dominates the Dogecoin derivatives market, with active short positions totaling $92 million, significantly outpacing the $65 million in active long positions.

While this imbalance signals strong bearish dominance, a closer analysis reveals that over 80% of the total active DOGE short positions are concentrated around the $0.33 price level.

This indicates that bullish traders could face liquidations totaling $55 million if Dogecoin’s price falls below $0.33.

To prevent these losses, traders holding those positions may be compelled to initiate covering spot purchases, which could trigger an early price rebound, particularly if the ongoing sell-offs ease as the initial euphoria surrounding recent news events tapers off.

Dogecoin price forecast: Bulls regrouping at $0.33 for early rebound

Dogecoin price is trading at $0.3505, with the daily chart suggesting the possibility of a rebound as buyers move to defend the critical $0.33 support level. 

The Bollinger Bands are narrowing, signaling reduced volatility and a consolidation phase that often precedes sharp directional moves. DOGE’s price is testing the lower band at $0.35, indicating oversold conditions and potential for upward momentum if buyers regain control.

Dogecoin Price Forecast | DOGEUSD 

The RSI at 47.68 is approaching neutral territory but remains below its signal line, highlighting waning bearish strength.

For a bullish scenario, DOGE must decisively reclaim the midline of the Bollinger Bands at $0.362, which could trigger a rally toward $0.41, the upper band.

Renewed buying interest would be supported by increased volume, which has remained subdued.

Conversely, a bearish breakdown below $0.33 could expose DOGE to further losses, targeting $0.31 and $0.28.

Traders should monitor volume spikes and RSI movement, as divergence could signal the next directional trend. 

Amid the ongoing consolidation, the Dogecoin’s technical price outlook leans cautiously bullish with critical resistance at $0.41 and the $0.33 support level dictating the near-term trend.
 

Market analyst CryptoWZRD claims XRP loves wedges, suggesting the next falling wedge breakout could push XRP price to a new all-time high.

His analysis comes on the back of another falling wedge structure triggered by XRP’s price movements over the past few days. Notably, the current wedge structure is one of multiple similar patterns witnessed by the altcoin in recent times, leading to CryptoWZRD’s latest assertion.

XRP Trades Within Another Falling Wedge 

Data from an accompanying chart confirms that XRP formed the ongoing wedge pattern after it collapsed from the recent seven-year peak of $3.4 last week, specifically on Jan. 16, 2025. Since this top, XRP price has struggled to find its footing, collapsing to a low of $2.8 on Jan. 19 before sharply rebounding.

Since Jan. 16, XRP has been in a consolidation, fighting to record a decisive push above the recent $3.4 peak. Amid this battle between bulls and bears, CryptoWZRD’s chart highlights the formation of a falling wedge structure. At its current position, XRP is still largely below the upper trendline of the wedge.

Notably, to retest the resistance at the upper trendline for a possible breakout, XRP price must reclaim the Jan. 20 highs of $3.3, which would require a mere 5% uptick from the current position. With the 4-hour CCI now at -40, indicators suggest XRP is getting oversold amid the weakening strength.

Interestingly, this position can be rather bullish, as it confirms XRP has more room for extended growth once the bulls recover. A push above the $3.35 mark could see XRP retesting the falling wedge’s resistance, potentially engineering a breakout that could result in a more substantial uptrend.

Breakout Eyes $4 Target

CryptoWZRD believes this uptrend would likely take XRP to a new all-time high, with a target of $4, representing an 81% increase from recent lows. However, with XRP now trading for $3.14, a rally to the $4 psychological mark would only demand a 27% upsurge from current levels. 

The market analyst’s confidence largely comes from previous XRP performances around wedge patterns. Just before the current structure, XRP observed a previous falling wedge pattern when it dropped from $2.9 on Dec. 3, 2024. This previous wedge persisted for over a month.

Remarkably, after XRP secured a breakout from the structure on Jan. 11, 2025, its fortunes flipped. Immediately, the bears mounted a massive upsurge, which eventually led to the most recent peak of $3.4. CryptoWZRD believes a similar rally would ensue once the current wedge gives way.

Notably, besides CryptoWZRD, several analysts have also projected the $4 target. Last month, Ali Martinez predicted that XRP could reach $4 after breaking the $2.6 resistance. XRP has since breached this roadblock. Most recently, Oscar Ramos suggested he was accumulating XRP before it eventually hits $4.

Meanwhile, market watcher Luca called attention to a bull flag formation on the 2-hour XRP chart. This pennant structure has endured since the $3.4 peak on Jan. 16, and a break above could be bullish for XRP. 

Solana ($SOL) has been experiencing a surge in developer activity, with 7,625 new developers joining its ecosystem in 2024, surpassing Ethereum in this metric.

This influx has led to innovative projects and increased adoption, contributing to Solana’s growth. After these recent developments, the analysts wonder if Solana can reach $900.

Meanwhile, PlutoChain ($PLUTO) could make significant strides by processing over 43,000 transactions on its testnet, indicating its ability to scale and operate effectively under real-world conditions. As a hybrid Layer-2 solution for Bitcoin, PlutoChain could enhance transaction speeds and introduce smart contract capabilities, potentially transforming Bitcoin’s utility beyond a store of value.

Let’s break it down!

Is the $900 Goal Reasonable for Solana in 2025?

Solana ($SOL) has witnessed a remarkable rise in developer activity, positioning itself as one of the most innovative ecosystems in blockchain. 

With 7,625 new developers joining the Solana network in the past year and contributing to diverse applications, Solana’s ecosystem is expanding in decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. This increased activity strengthens Solana’s utility and adoption, fostering long-term growth.

According to InvestingHaven, medium-term Solana price predictions range from $220 to $750, averaging $450. Long-term, SOL predictions span $200 to $3,211, averaging $1,000. Analysts at Coinspeaker predict SOL could reach $600 in 2025, driven by its expanding ecosystem and technological advancements.

Developer interest often correlates with more robust projects and community engagement, which can attract institutional and retail investors. Around 300 million monthly vote transactions and unparalleled transaction speeds underscore its operational strength, fueling the narrative of SOL’s growth potential.

Achieving $900 will depend on external factors like regulatory clarity, macroeconomic conditions, and competition from Ethereum and emerging networks. However, Solana’s growing ecosystem undeniably boosts its potential.

While ambitious, $900 by 2025 isn’t out of the realm of possibility. Solana could cement its role as a leading blockchain innovator if its developer momentum continues.

PlutoChain Could Be Poised to Lead the Charge in Bitcoin. Based Blockchain Innovation

Bitcoin has long been a digital titan, but its role as merely a store of value may soon change.

PlutoChain’s innovative Layer-2 solution could redefine Bitcoin’s purpose, potentially directly introducing smart contracts, DeFi, and dApps on its blockchain. This project could significantly scale Bitcoin’s infrastructure, offering an average transaction block time of two seconds through its Layer-2 solution potentially slashing costs and boosting efficiency.

This could be a huge difference compared to what Bitcoin is dealing with right now – a 10-minute block time. Key features like Ethereum Virtual Machine (EVM) compatibility may allow developers to migrate Ethereum apps to Bitcoin with ease, potentially merging Ethereum’s flexibility with Bitcoin’s security. This functionality could open the door to a flourishing Bitcoin DeFi ecosystem, an area where currently only 0.13% of Bitcoin’s market cap is locked – a stark contrast to Ethereum’s 10%.

PlutoChain’s governance could give users control over the project’s future, fostering a community-driven ecosystem. Its impressive testnet has processed 43,200 daily transactions, proving its readiness for real-world use. 

Of course, security remains ironclad with audits from SolidProof, QuillAudits, and Assure DeFi.

By enabling fast transactions, low costs, and diverse applications, PlutoChain could position itself as a major contender in blockchain innovation. It doesn’t just aim to bridge networks it could strive to create a space where Bitcoin might evolve from a financial asset into a thriving foundation for decentralized utility.

Final Words

Solana’s surging developer activity and innovative applications make the $900 target for 2025 bold but plausible, provided ecosystem growth and market conditions align. 

As Solana captures the spotlight, PlutoChain could emerge as a game-changer for Bitcoin. The first hybrid Layer-2 solution could transform Bitcoin’s speed, scalability, and utility with 2-second block time and EVM compatibility. By potentially enabling seamless migration of Ethereum dApps and introducing smart contracts, PlutoChain might expand Bitcoin’s potential into DeFi, NFTs, and beyond.

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ADA, the native token of the Cardano blockchain, is poised to reverse its downtrend as it has reached a level where it has historically witnessed an impressive rally. The overall market experienced a decline following the presidential inauguration of pro-crypto Donald Trump, likely driven by profit-taking.

Experts’ ADA Price Prediction Amid Consolidation 

Today, January 23, 2025, a prominent crypto expert posted on X (formerly Twitter) that the technical indicator TD Sequential is indicating a buy signal for ADA.

Besides the expert prediction, ADA is currently experiencing price consolidation within a narrow range between $0.954 and $1.03 at the support level of an inclined trendline. Since November, ADA has found support at this level four times, each time witnessing impressive upward momentum.

ADA Price Prediction 

Based on recent price action and historical momentum, if ADA breaks out of its ongoing consolidation and closes a daily candle above the $1.04 level, there is a strong possibility it could surge by 15% to reach the $1.15 level in the near future.

On the positive side, the Relative Strength Index (RSI) is at 47, suggesting a potential price reversal soon. However, this optimistic outlook for ADA will only hold if it remains above the $0.95 level, otherwise, it may fail.

$146 Million of ADA Outlow

Despite the price speculation, over the past seven days, it appears that long-term holders and investors have been significantly accumulating ADA tokens, as reported by the on-chain analytics firm Coinglass. Data from spot inflow/outflow revealed that exchanges during the same period witnessed an outflow of ADA tokens worth $146.60 million.

This substantial outflow from exchanges indicates potential accumulation, which could lead to buying pressure and a further upside rally. Additionally, it suggests an ideal buying opportunity.

Current Price Momentum 

ADA is currently trading near $0.98, with a modest 0.80% price decline over the past 24 hours. Its trading volume has dropped by 8% during this period but is gradually recovering, hinting at increased trader and investor participation.

The bulls’ dominance has not lasted long, and most of the coins are again in the red zone, according to CoinMarketCap.

XRP/USD

The rate of XRP has declined by 3.35% since yesterday.

On the hourly chart, the price of XRP is near the local support of $3.05. If the bounce back does not happen until the end of the day, one can expect a level breakout, followed by a further correction to the $3.02 mark.

On the bigger time frame, the price is far from the main levels. In this case, one should focus on the nearest zone of $3.

Related

If the daily bar closes near it or below, the accumulated energy might be enough for a test of the $2.80 range soon.

From the midterm point of view, traders should pay attention to the weekly candle’s closure. If it happens far from its peak and with a long wick, bears may seize the initiative, which may lead to a drop to the $2.60-$2.80 area.

XRP is trading at $3.0875 at press time.

Widely followed market commentator Ali Martinez boldly predicts that a Dogecoin ETF could send the meme coin’s price to double digits.

Notably, discussions about the potential arrival of a Dogecoin ETF have gained traction within the crypto community this week.

Latest Filings for Dogecoin ETF

In particular, momentum picked up after a filing for a Dogecoin ETF with Delaware’s Department of State’s Division of Corporations surfaced. Notably, the submission came from billion-dollar asset manager Bitwise.

Interestingly, Bitwise’s Chief Investment Officer, Matt Hougan, confirmed the authenticity of the development. When asked about the submission, Hougan stated, “This was from us.”

For some time, many believed it was only a matter of time before an asset manager filed for a Dogecoin ETF.

Earlier this month, Nate Gercai, President of the ETF Store, expressed surprise that no issuer had pursued such a filing, considering Dogecoin is the seventh-largest digital asset by market cap.

He suggested that, at worst, it would only serve as a marketing expense for the issuer. At best, it could attract a favorable response from the SEC, with added promotion from DOGE Father Elon Musk.

Last week, liquidity provider Wintermute predicted that an asset manager would file for a Dogecoin ETF in 2025—a forecast that is now coming to fruition. Meanwhile, Bitwise is not the only asset manager that has shown interest in a Dogecoin ETF. A similar filing has surfaced from Teucrium.

Dogecoin Price Reacts

Notably, the news of the Dogecoin ETF contributed to an initial boost in Dogecoin’s price this week. The price reached $0.4002 on Tuesday but has since dipped to $0.3492 at press time.

Dogecoin 4,185% Surge to $15 with ETF Launch

While Dogecoin’s price fluctuated amid the ETF filings, market commentators like Ali Martinez believe that the eventual launch of the investment fund would provide the necessary boost to push Dogecoin’s price to unprecedented heights.

In particular, Martinez is targeting a wave that could drive Dogecoin’s price up by 4,185%, reaching $15 this season. For context, at this price, Dogecoin would have an astronomical market cap of over $2.2 trillion, which would surpass Bitcoin’s current valuation.

#Dogecoin $DOGE ETF will send it to $15! https://t.co/4peKi93NZX pic.twitter.com/gRqDdoXhob

— Ali (@ali_charts) January 22, 2025

Martinez is not alone in forecasting a major price swing for Dogecoin based on ETF catalysts. Other analysts, such as Dima James Potts, have expressed similar sentiments, predicting a more substantial 55X surge for Dogecoin to above $20.

Donald Trump’s inauguration on Monday and the shake-up at the SEC seem to have given XRP a massive boost in the market.

In just three months, XRP’s value has skyrocketed, going from about $0.50 to over $3.20. It’s holding strong at this level right now, which has investors buzzing.

Gary Gensler stepping down as SEC chairman has only added fuel to the fire. Rumors are swirling that the agency might ease up on Ripple and its token, XRP—something that could completely change the game for its future.

Today, we’re breaking down what all this means for XRP and taking a closer look at a few exciting new presale tokens that are already catching attention.

Let’s jump in!

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XRP Price Prediction – Crypto-Friendly SEC Leadership Sparks Hope for Ripple’s Legal Battle Resolution

At the time of writing XRP is trading at $3.11, which shows a brief dip in value on the 24-hour charts.

The recent appointment of Paul Atkins as the new chair of the U.S. Securities and Exchange Commission (SEC) has generated optimism within the XRP’s community.

Atkins, known for his pro-crypto stance, is expected to steer the SEC toward a more supportive regulatory framework for digital assets. This shift could positively influence the ongoing legal proceedings between the SEC and Ripple.

Beyond the courtroom, Ripple continues to expand its On-Demand Liquidity (ODL) network, now covering over 40 markets across Asia, Africa, and Latin America. This growth aligns with Ripple’s push to streamline international payments, attracting more financial institutions to its ecosystem.

Analysts are predicting a bullish outlook, with targets ranging from $8 to $12 if the momentum holds, fueled in part by renewed market optimism under Trump’s administration. XRP’s path forward looks set to be a defining chapter in 2025.

My official prediction for $XRP is $8-$12, but don’t sleep on the far from impossible. Dive in for the full breakdown. #XRP pic.twitter.com/EecqG3reXv

— Armando Pantoja (@_TallGuyTycoon) December 24, 2024

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Wall Street Pepe ($WEPE) – Presale Meme Coin That Gives Everyday Traders Real Tools for Better Investing

Regular traders often feel overshadowed by whales and insider groups. Wall Street Pepe ($WEPE) wants to change that with a mix of meme-humor and next-gen tools that were reserved only for wealthy individuals in the past.

Unlike other memes that rely solely on hype, $WEPE offers tangible real-world value. It includes features like data-driven trading signals and alpha calls on presales, helping users spot hidden opportunities and make better-informed investment decisions.

If you prefer a more hands-off approach, $WEPE’s 22% APY staking option during the presale is hard to ignore—though the rate will drop as more investors join in.

The buzz surrounding Wall Street Pepe is already hard to miss. Its presale has pulled in $57 million so far, drawing attention from not just everyday traders but also popular influencers.

Popular channels like CryptoNews have hinted at solid potential returns, while ClayBro has speculated $WEPE could become the biggest meme coin ever. With listings anticipated soon after the ICO wraps up, the excitement around Wall Street Pepe is only growing.

For traders tired of the same old meme coins, $WEPE is shaping up to be a refreshing alternative with both humor and real-world utility.

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Solaxy ($SOLX) Wants to Connect Solana and Ethereum for a Smarter Crypto Ecosystem

Solana has become a go-to blockchain for meme coin launches thanks to its speed and low costs. But with this popularity comes problems—congestion and inefficiencies, especially as no-code tools like Pump.fun make launches even easier.

Solaxy ($SOLX) wants to tackle these challenges by bridging Solana and Ethereum. Solana shines in performance and affordability, while Ethereum dominates in liquidity and DeFi activity.

By combining the strengths of both, Solaxy positions $SOLX as a multi-chain token that can help both ecosystems.

This setup offers developers and traders the best of both worlds. They get Solana’s fast and efficient infrastructure alongside Ethereum’s unmatched security and liquidity.

The result? Seamless transactions and interactions between the two networks that eliminate common bottlenecks and unlock fresh possibilities for growth and innovation.

Well-known crypto influencer ClayBro recently released a video where he shared his thoughts on Solaxy. According to him, the project could see 100X returns in the upcoming bull market.

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Mind of Pepe ($MIND) Gives Smarter AI Signals for Crypto Traders

Mind of Pepe breaks away from the usual crypto projects with its AI-driven tools that give traders a real edge. Instead of following outdated rules, its AI adapts to market shifts, staying sharp and relevant.

$MIND acts as a personal crypto scout, and reveals trends before they hit the mainstream. It analyzes social media buzz and blockchain data to highlight opportunities others might miss. Beyond analyzing, it actively engages with influencers, runs social channels, and launches tokens to stay at the forefront of the crypto conversation.

The momentum behind the Mind of Pepe continues to grow. It raised $3.1 in record time and gathered attention from major names like 99Bitcoins.

If you’re looking for a project with both innovation and real-world impact, $MIND could be a great option

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Final Words

With XRP’s value skyrocketing in just a few months and the SEC leadership shake-up, there’s growing hope for less regulatory pressure—and maybe even more price surges.

That said, putting all your eggs in one basket isn’t the smartest move. Diversifying your portfolio remains the safest bet, and some of the presales we covered today offer solid opportunities to start with.

These projects are pulling in millions every day, and their momentum shows no signs of slowing down. Keeping an eye on them in the coming weeks could lead to some nice profits.

This article is sponsored content. All information is provided by the sponsor and Brave New Coin (BNC) does not endorse or assume responsibility for the content presented, which is not part of BNC’s editorial. Investing in crypto assets involves significant risk, including the potential loss of principal, and readers are strongly encouraged to conduct their own due diligence before engaging with any company or product mentioned. Brave New Coin disclaims any liability for any damages or losses arising from reliance on the content provided in this article.

Solana’s price is in its second consecutive week of gains as the network strength gained steam following the recent Official Trump (TRUMP) and Melania (MELANIA) memecoin launch. The SOL token rose to a high of $270 and is hovering near its all-time high of nearly $300. 

$206 Billion Catalyst for Solana

Solana price has a $206 billion that may push it significantly higher in the near term. According to DeFi Llama, its DEX protocols handled over $206 billion in volume in the last 30 days, a record high. This volume has pushed the cumulative total to over $893 billion, with Raydium, Orca, and Lifinity.

Solana’s DEX volume in the 30 days was much higher than Ethereum’s $77 billion and BNB Chain’s $63.3 billion. The other top chains, like Base, Arbitrum, and Sui, handled over $51.7 billion, $25 billion, and $12 billion, respectively. 

Solana’s DEX volume has jumped because of the ongoing memecoin wave. Official Trump (TRUMP) token’s market cap has jumped to over $7.8 billion, making it the third-biggest memecoin in the industry. The other notable memecoins in the ecosystem are Bonk, Fartcoin, Pudgy Penguins, and Dogwifhat. 

Solana’s memecoins have a market cap of over $25 billion, with the 24-hour volume of almost $15 billion. There are rising odds that the ecosystem will continue doing well in the long term. 

Solana has multiple catalysts. For one, it had almost 40 million active addresses in the last 7 days, a figure higher than Ethereum, Tron, Base, BNB Chain, Arbitrum, and TON combined. 

Solana has also made more money than other chains. Its network fees jumped by 188% in the last 7 days to almost $90 million. Ethereum, Tron, and Base made $53 million, $12 million, and $4 million, respectively.

Solana Price Forecast

The weekly chart shows that the SOL price peaked at a record high of nearly $300. This was a notable price since it was slightly above the key resistance point at $260, the upper side of the cup and handle pattern. The cup’s depth was about 100%, meaning that the coin has more upside to $525 and can double from the current level.

The stop-loss of this trade is $170, the lower side of the cup pattern. A move below that level will point to more downside, potentially to the psychological point of $100.

READ MORE: Solana Surges by 45% to Hit New All-time High at $268

A market expert believes the ongoing Dogecoin bull run will eventually add up to a 5,202% price gain, insisting that the best is yet to come. 

Notably, Dogecoin (DOGE) was one of the standout performers at the start of the current bull market in Q4 2023, soaring 285% to $0.2288 by March 2024 and then by a more substantial 340% to a local peak of $0.4843 by early December 2024.

However, it appears this momentum has cooled, while Bitcoin (BTC) claims new all-time highs, with the latest being $109,300. This week, Dogecoin has dropped 0.82% despite the launch of Elon Musk’s Department of Government Efficiency (D.O.G.E) amid President Donald Trump’s inauguration.

Nonetheless, this bearish performance has not impacted the confidence of some analysts, including Zer0. In a recent disclosure, the market watcher contended that Dogecoin was not yet finished, asserting that the best is yet to come for the meme coin.

Dogecoin Historical Bull Run Performances 

His optimism comes from an observation of Dogecoin’s historical bull market performance since 2016. For context, over the years, the meme coin has observed a pattern where it sees an initial upsurge, records a subsequent pullback, and then engineers a second and more substantial rally.

This pattern first played out in early 2017, when Dogecoin rallied to a peak of $0.00054 in April 2017, and then collapsed 25% within the same month. After this pullback, DOGE witnessed a second and more substantial push to a top of $0.0187, representing a 9,226% rise from its lows.

Data from Zer0’s chart confirms that Dogecoin again observed the pattern in the 2020/2021 bull run. Particularly, the meme coin soared to a high of $0.0138 in January 2021, faced a correction, and then rebounded to the all-time high of $0.74 by May 2021. This marked a 30,693% uptick from its lows.

DOGE Eyes $4.2 Price

Now, Zer0 believes Dogecoin is following the exact same pattern. Interestingly, DOGE recorded the initial upsurge when it rallied to the new three-year peak of $0.4844 in December 2024. However, it appears the meme coin is now observing the habitual pullback, which would set it up for a more substantial rally.

The market analyst expects this second rally to lead to the $4.2 price level, representing a new all-time high for Dogecoin. Such a price would mark a 5,202% increase from Dogecoin’s most recent lows in the ongoing cycle. 

Interestingly, market commentator Javier Santini holds the same belief. According to Santini, he expected the ongoing Dogecoin pullback, predicting that a rebound could push DOGE to the $4 price mark. However, his projected timeline was off, as he predicted this rebound to begin in the last week of December 2024.

Meanwhile, other analysts like Trader Tardigrade believe the meme coin has the potential to reach higher levels like $30. At press time, Dogecoin trades for $0.3515, defending the $0.35 region, but down 5.68% over the past 24 hours. 

For the past few days, XRP, the native token of Ripple Labs, has been struggling to gain momentum, and data suggests it is likely to continue struggling in the coming days. This negative speculation is based on the recent activity of investors and long-term holders amid ongoing market uncertainty.

Bearish On-Chain Metrics 

Data from the on-chain analytics firm Coinglass’s spot inflow-outflow metrics reveals that exchanges have witnessed an XRP inflow of a significant $62 million over the past 48 hours. This substantial inflow of XRP tokens onto exchanges indicates a potential dump, which may lead to a price decline and increased selling pressure.

In addition to the significant inflow, the long/short ratio, which measures trader sentiment, currently stands at 0.92, signaling a bearish outlook as short positions dominate.

However, this is happening during a period where the asset has been experiencing continuous price consolidation over the past six days.

XRP Technical Analysis and Price Prediction 

According to expert technical analysis, XRP appears neutral until it breaks out of the ongoing consolidation between the $2.90 and $3.30 levels.

Based on recent price momentum, if XRP breaches the consolidation and closes a daily candle above the $3.32 level, there is a strong possibility it could soar by 32% to reach the $4.50 level in the coming days. Conversely, if XRP breaks down from the consolidation and closes a daily candle below the $2.85 level, it is likely to decline by 10% to reach the $2.58 level in the future.

On the positive side, the Relative Strength Index (RSI), currently at 65 indicating XRP is approaching overbought levels but still has room for further upward momentum.

Current Price Momentum 

Despite the bearish outlook, XRP is currently trading near $3.25 and has experienced a price surge of 1.60% in the past 24 hours. However, during the same period, its trading volume dropped by 35%, indicating lower participation from traders and investors compared to the previous day.