Weakness in bitcoin (BTC) has deferred to other crypto majors from Solana’s SOL to memecoin dogecoin (DOGE), data suggests current levels could prove ripe for risk-on traders.

“Crypto’s top meme coin Dogecoin has been extremely quiet outside of a temporary run-up at the beginning of the year,” analytics firm Santiment wrote in a Thursday report, citing social metrics and sentiment based on online chatter.

“Since its top exactly one month ago, Dogecoin has shed -28% of its market cap. Crowd sentiment has been near its lowest point over the past year. (This) means there is actually some nice upside to be a daring contrarian toward DOGE (in particular) if crypto markets begin to trend upward again,” the firm added, with crowd sentiment on DOGE currently at low levels of 1 out of 5.

The sentiment check aligns with a CoinDesk analysis from earlier in the week.

Large investors, or “whales,” are showing increased interest in DOGE, with transactions over $100,000 spiking to hint at potential price bumps in the short term. Futures markets for DOGE set a new record for open interest late Tuesday, though they have since tapered off alongside a market-wide decline.

As such, January has been Dogecoin’s best-performing month historically, averaging an 85% return. Technical indicators like the 50-day SMA suggest a bullish trend for DOGE with a short-term target at 50 cents — a more than 30% bump from Friday’s 33 cents level.

Sentiment for other majors remains mixed. Bitcoin is neutral after a dip and recovery, now ranging between the low to mid $90,000 levels. Ether sees bearish sentiment despite prices holding above $3,000. XRP is bullish after an 18% rise in the past week, and Binance Coin ($BNB) shows neutral sentiment post-drop below $700. Solana remains semi-bullish despite underperformance, with a loyal community buying dips.

Meanwhile, Cardano’s ADA led a market-wide recovery in Asian afternoon hours on Friday with a 5.5% move in the past 24 hours. The broad-based CoinDesk 20 (CD20) rose 1.04%, with Solana’s SOL, BNB Chain’s BNB, ether (ETH), rose as much as 1%.

Traders showed a preference for AI Agent tokens Bixby, Cookie DAO’s COOKIE, and ChainGPT rose as much as 50% on Binance spot listings. Viral token ai16z was up 11% and the agents category up was 8% on average, leading growth among all other crypto sectors.

• Bitcoin price retests its 38.2% Fibonacci retracement level of $92,493; a firm close below it could continue its ongoing correction.
• Ethereum price closed below its 50% retracement level of $3,236, suggesting the continuation of the pullback.
• Ripple price could rally if it breaks above the upper symmetrical triangle boundary.

Bitcoin (BTC) retests its key support level of $92,493; a firm close below it could continue its ongoing correction. Ethereum (ETH)  price closed below its crucial support level of $3,236, suggesting the continuation of the pullback. However, the Ripple (XRP) price could rally if it breaks above the upper symmetrical triangle boundary.

Bitcoin could continue its downturn if it closes below $92,493 

Bitcoin price declined 9.47% from Tuesday to Thursday, closing below $92,552. On Friday, it recovers slightly after testing its 38.2% Fibonacci retracement level of $92,493 (drawn from the November 4 low of $66,835 to the December 17 high of $108,353). 

If BTC continues its pullback and closes below $92,493, it could extend the decline to test the psychological level of $90,000.

The Relative Strength Index on the daily chart read 43, below its neutral level of 50, indicating bearish momentum. Additionally, the Moving Average Convergence Divergence (MACD) indicator also shows a bearish crossover on Wednesday, suggesting a sell signal and a downtrend. 

BTC/USDT daily chart

However, if BTC recovers and closes above the $100,000 level, it could extend the rally to retest the December 17, 2024, all-time high of $108,353.

Ethereum price closes below key $3,236 support

Ethereum price declined 12.70% and closed below its 50% price retracement level of $3,236 on Thursday. At the time of writing on Friday, it trades around $3,252.

If ETH continues its correction, it could extend the decline to test its psychological importance level of $3,000.

The RSI indicator on the daily chart reads 40, below its neutral level of 50, indicating bearish momentum. Additionally, the MACD indicator also shows a bearish crossover on Thursday, suggesting a sell signal and a downtrend. 

ETH/USDT daily chart

Conversely, if ETH recovers, it could extend the rally to retest its weekly resistance at $3,522.

Ripple could rally if the symmetrical triangle resolves upward

Ripple price trades inside a symmetrical triangle, a technical pattern formed by connecting multiple highs and lows with two converging trendlines (from early December to early January). This technical pattern has a bullish bias, and the target is generally obtained by measuring the distance between the first swing high and the first swing low to the breakout point. 

On Tuesday, XRP faced rejection from the upper trendline of the symmetrical triangle and declined by 6.11% until Thursday. At the time of writing on Friday, it trades at around $2.28.

Assuming the breakout happens by closing a daily candlestick above the daily resistance level at $2.56, the technical target obtained by this pattern would be $3.63. Investors should be cautious of this theoretical move as it could face a slowdown after a 17% rally to retest Ripple’s psychological importance level of $3.00 as traders could opt to book profits.

The RSI indicator reads 51, above its neutral value of 50, indicating indecisiveness. 

XRP/USDT daily chart

However, if XRP closes below the $1.96 daily support level, it would extend the decline to retest its next support level at $1.40.

• Bitcoin price plunged below $92,000 on Thursday, on course to close trading at a 40-day low.
• US authorities approved the sale of 69,370 BTC seized from the Silk Road marketplace.
• Following a 10% price correction in the last 48 hours, BTC bulls have deployed $721 million in leverage to avert a breakdown below $90,000.

Bitcoin price dipped to $91,800 on Thursday, marking its lowest in 43 days, dating back to December 9. Derivatives markets data shows concentrated BTC long positions around the $90,000 mark, as bulls move to halt the downtrend. 

Bitcoin losses hit 10% as markets price in $6.5B sell-off from US Government  

Bitcoin price suffered a sharp decline, dropping over 10% within two days as the market volatility intensified on Thursday.

Investor sentiment, already fragile following hotter-than-expected JOLTs jobs data, faced another bearish shock as news surfaced of an impending $6.5 billion Bitcoin sell-off by the United States (US) Government.

The US Government has reportedly received clearance to liquidate 69,370 BTC seized from the infamous Silk Road marketplace. 

Court documents revealed that Chief US District Judge Richard Seeborg denied a motion to block the forfeiture, allowing the Department of Justice to move forward with selling the crypto haul.

The scale of the sell-off has spooked traders, amplifying bearish headwinds in a week that began on a downtrend.

Bitcoin price action, January 8 2025. | BTCUSDT (Binance)

BTC price reacted swiftly, plunging from $95,060 to $91,800 as shown in the chart above. 

Market speculation is now rife on if the sell-off occurs before President-elect Donald Trump’s inauguration, who has campaigned on a pro-Bitcoin stance. 

Trump’s proposals include leveraging seized funds to establish a national Bitcoin reserve, adding an ironic twist to the gGovernment’s crypto liquidation narrative.

Bulls mount $721 lLeverage to avert $90K breakdown 

Following a 10.5% loss over the past two days, Bitcoin holders are making desperate moves to keep prices from falling below the critical $90,000 threshold.

While overall crypto market sentiment remains bearish, bullish traders are attempting to establish a support wall at this key level.

Coinglass’ Liquidation Map data highlights the total leverage deployed on long and short positions near significant price points.

This metric offers insight into pivotal BTC price support and resistance levels to monitor in the short term.

Bitcoin Liquidation Map | Coinglass

At first glance, the chart shows that short traders currently dominate, with over $3.55 billion in active short positions compared to $1.3 billion in long positions. 

However, a closer look reveals that BTC bulls have concentrated over $721 million in active leverage positions around the $90,000 mark—accounting for nearly 60% of active long BTC futures contracts.

During market dips, large leverage positions near key price levels can prompt traders to make covering spot purchases to avoid liquidation losses.

Essentially, holders of the $721 million in BTC long contracts around $90,000 are now incentivized to make covering spot purchases.

If selling pressure eases, these covering buys could trigger a mild rebound in BTC prices in the coming days.

Bitcoin price forecast: Holding $90,000 support could trigger an early rebound 

Bitcoin price outlook shows signs of a potential reversal as the double bottom pattern at $90,000 signals a possible rebound.

This technical formation, historically known for marking trend reversals, is further validated by the rising BTC trading volume, indicating heightened market participation and buying interest. 

Beyond that, the VWAP (Volume Weighted Average Price) line trending above the current price also indicates buying pressure is building up. 

Bitcoin price forecast | BTCUSD

Conversely, bearish scenarios remain plausible if Bitcoin fails to sustain above the critical $90,000 support level.

The chart reflects dominance by short traders, with significant selling pressure that could drive prices lower.

A breakdown below this level would negate the double bottom’s bullish implications, potentially dragging BTC toward $84,000, where further liquidity may be tested.

For now, the double bottom and increasing volumes provide cautious optimism for a rebound.

A sustained break above $93,217 (VWAP level) could open the path toward $100,000, aligning with the bullish target implied by the double bottom structure.

• Dogecoin price found support at $0.32 on Thursday, having declined 20% in the past four days. 
• Derivative market data shows early rebound signals for DOGE as traders react to Elon Musk’s rumored interest in purchasing British soccer team, Liverpool FC.  
• DOGE Open Interest stabilized above the $3.4 billion market despite the $500 million liquidations tearing through the crypto market on Wednesday.

Dogecoin price stabilized around the $0.32 mark on Thursday, as the market sell-off subsided after 20% losses in 4 days. Market reports suggest Elon Musk’s rumored plan to purchase Liverpool FC could lift DOGE traders’ sentiment. 

DOGE price finds support at $0.32 after 20% losses in less than week

Dogecoin price steadied around $0.32 on Thursday, halting a sharp 20% decline over the last four days.

This stabilization follows a broader market sell-off triggered by hawkish macroeconomic expectation that weighed heavily on the global memecoin market. 

Notably, DOGE price managed to avoid a breakdown below $0.32, as bears extended the weekly time frame losses to 20% mark on Thursday.

DOGE’s rare show of resilience at the $0.32 support level suggests investors appear to be defending this crucial price zone. 

Dogecoin price action | DOGEUSDT (Binance) 

One crucial factor bolstering Dogecoin market sentiment is the speculation surrounding Elon Musk’s rumored plan to acquire Liverpool FC. 

Musk’s historical influence on Dogecoin’s price remains significant, as his business decisions and tweets have often driven retail interest in DOGE.

If confirmed, this development could reinvigorate bullish momentum, with traders anticipating Musk’s involvement to bring DOGE back into the spotlight.

Dogecoin traders maintain $3.4B Open Interest despite market pullback

Dogecoin price resilience around $0.34 shows that the majority of DOGE traders remain reluctant to close out their existing positions.

An indication of this, the Coinglass Open Interest chart below shows the total value of unsettled derivative contracts with the Dogecoin futures market, offering insight into trader engagement and market liquidity. 

Dogecoin Open Interest vs. DOGE price | Source: Coinglass 

The chart above shows that while Dogecoin price fell 20% between Jan 5 and January 9, open interest only declined by 16% during that period, moving from $4.07 billion to $3.4 billion at the time of publication.

When open interest declines at a slower rate than price during a market downturn, strategic traders may interpret it as an early rebound signal for two key reasons. 

First, the slower decline in Open Interest suggests that a significant number of traders are holding onto their positions, anticipating a potential recovery.

Second, it highlights that leveraged traders remain active, possibly setting the stage for a short squeeze if bullish momentum returns.

While market caution persists amid macroeconomic uncertainty, DOGE’s elevated Open Interest signals that traders remain optimistic about its price recovery, amid tailwinds from Elon Musk’s proposed purchase of Liverpool FC. 

Dogecoin Price Forecast: Short Squeeze could spark $0.40 breakout

Dogecoin price action continues to test the $0.318 support level, reflecting cautious sentiment among traders.

The chart reveals that Dogecoin has declined nearly 20% in four days, yet it holds above the 200-day moving average (DMA) at $0.284. 

This suggests that long-term bullish traders may be attempting to establish a price floor, bolstered by its proximity to the VWAP at $0.326, which further aligns with buyer re-entry interest.

Additionally, the narrowing Volume Delta, showing -$271 million, indicates that selling pressure has waned considerably, hinting at a potential rebound.

Dogecoin price forecast | DOGEUSD

In the bullish scenario, Dogecoin could break above the 50-day DMA at $0.378, signaling a recovery toward the $0.40 resistance level.

This rebound would likely be fueled by short-squeeze dynamics, given the sustained Open Interest and active leveraged positions.

However, a decisive close above the VWAP remains a prerequisite for confirming renewed bullish momentum.

Conversely, if Dogecoin fails to maintain support at the 200-day DMA, a further decline to $0.28 becomes plausible.

Increased selling pressure could amplify bearish momentum, invalidating the rebound narrative and signaling further downside risk.
 

Billy Markus, a software developer who collaborated with Jackson Palmer to create the original meme cryptocurrency Dogecoin in 2013, has taken to his X social media account to repost a video extract from a recent speech made in the U.S. Senate by Senator Joni Ernst (IA) from the Republican Party.

While making her point to the Senate, she used a picture of the famous Doge meme overtaking a city. On that canvas, Doge overtook Washington, D.C. Markus shared his half-humorous and half-serious take on this Doge meme demonstration.

Doge meme canvas makes it to U.S. Senate meeting: “Doge is inevitable”

The aforementioned Senator Joni Ernst underscored the importance of the recently created Department of Government Efficiency spearheaded by billionaire entrepreneurs Elon Musk and Vivek Ramaswamy, D.O.G.E, saying that tax dollars must not be wasted. She urged other senators and politicians to join this initiative, stating that “Doge is inevitable.”

The canvas depicts a popular Internet meme, where a Doge dog in the form of a sand-dust cloud is devouring Washington D.C, hinting that D.O.G.E.’s operations will spread around the government city quickly and inevitably.

Billy Markus, also known on social media as Shibetoshi Nakamoto, commented on this tweet, saying: “Pretty funny to see this doge meme IN THE SENATE.”

Markus’s army of followers responded quite enthusiastically to his Doge post, publishing comments about the thing widely associated with Markus’s brainchild making its way into the U.S. Senate: “Doge is the future,” “You’ve really made it now” and “Politicians are catching on.” There was even one proposing that Markus should be voted into the Senate: “Billy for Senate.”

Related

Dogecoin crashes 16% after printing similar rise

In the last week, the largest meme cryptocurrency has demonstrated high volatility movements, as it first skyrocketed by roughly 16% on Jan. 3, plunging by 17.06% over the past two days. Dogecoin shed its massive gains, falling from $0.40 back to $0.32, where it is changing hands at writing time.

Billy Markus highlighted the Dogecoin surge on Jan. 3, publishing a post about it. As for the Bitcoin price crash, which took place on Jan. 7 and pulled down the rest of the crypto market, along with DOGE, he commented, tweeting: “Bitcoin ate some fast food this morning.”

Altcoin investors display renewed optimism after a recent fractal analysis projected the XRP price to enter the $7-$12 range in the near term. Bolstered by historical price movement patterns, this prediction suggests that XRP still has much to offer despite its modest performance over the past month.

Yet, at the same time, PropiChain (PCHAIN), a transformative Web3 real estate platform, is dominating headlines with a potential 81,819% surge from its presale price of $0.011 to $9, placing it among the best altcoins to buy in 2025. 

XRP Price Analysis and Fractal Predictions

The optimism surrounding a sharp upward XRP price momentum stems largely from fractal patterns identified by one seasoned analyst who recently pointed out a Stage 4 fractal in XRP’s chart.

This fractal mirrors historical price behaviors that preceded explosive rallies, lending credibility to predictions of the XRP price reaching $7 or even $12 within the coming weeks. These projections are not without precedent, as XRP has displayed similar breakout patterns in previous market cycles, often after prolonged consolidation phases.

If these predictions hold, the XRP price can balloon from $2.42 today to $7-$12 by the end of January, reflecting a 290%-500% increase. However, experts warn investors to express caution regarding another potential rally, seeing as XRP failed to surge on the back of Ripple’s stablecoin launch after much anticipation.

While XRP’s path to $12 is tantalizing, a PCHAIN rally is looking likely given PropiChain’s transformative potential fueling its 81,819% growth projections from $0.011 to $9 by Q2 2025.

PCHAIN AI Altcoin on Path to $9 from $0.011, Outperforming XRP Rally

The future of real-world assets (RWA) lies in tokenization, and PropiChain (PCHAIN) is at the forefront of bringing this transformative innovation to real estate.

PropiChain makes transferring property as effortless as sending a digital message. By converting physical assets into tokens stored securely on an immutable blockchain, PropiChain not only ensures that asset storage and transfers are safer than ever but also lightning fast through digitization.

However, speed and security are only just the beginning. Tokenizing real estate introduces a groundbreaking concept called fractional ownership. Instead of needing hundreds of thousands of dollars to purchase property, investors can now own a portion (say 2.5%) of high-value real estate assets, opening the market to a wider audience.

Further increasing accessibility market accessibility is PropiChain’s immersive metaverse marketplace allows users to meet, explore, and trade properties from anywhere in the world. This borderless accessibility empowers everyone, from seasoned investors to first-time buyers, to participate in the real estate economy.

But PropiChain isn’t stopping at tokenization and accessibility. It’s building a comprehensive, full-service platform where investors can manage and invest in real estate assets with unmatched convenience and ease through smart contracts and artificial automation.

For starters, the smart contracts on PropiChain are an invaluable tool for investors that saves countless hours and thousands of dollars by automating the property leasing, rent collection, and renewals processes. 

But things get even more interesting with the platform’s powerful AI features exclusively available to all PCHAIN token holders. This AI system simplifies complex processes like legal documentation and offers 24/7 virtual assistance while automating property valuation and asset trading to save users time while maximizing returns.

Together, these revolutionary features are fueling PropiChain’s 81,819% and investor optimism as over $2 million has been spent early into the PCHAIN presale, with some calling it the best AI altcoin to invest in today.

Why PropiChain Rally is Better than the XRP Price Surge to $12

The XRP price is $2.42 today, meaning a rally to $12 would reflect 500% gains for investors who acquire the altcoin now. On the other hand, the PropiChain price is aiming for $9 in the coming months, and while this is less than the XRP target, PCHAIN could skyrocket 81,819%, even outperforming most of the crypto market.

PropiChain Emerges Best Crypto Presale Project 2025

2024 summarized the financial potential of Web3 investments, with the number of crypto millionaires doubling within just 12 months. But as we’ve entered a new year, the search for the best cryptos to buy now has been reignited.

While some point to an imminent XRP price rally to make profits, experts say that it’s participating in the PCHAIN presale that could truly yield millions, considering PropiChain’s revolutionary potential ahead of another Trump-led crypto market bull run following his inauguration later this month.

Although many find the PCHAIN presale phase alone lucrative with a substantial and guaranteed rise in value, most are choosing to wait patiently until Q2, when an $800 round-two investment could grow 81,819%, yielding $654,552 profits!

However, this profit potential will significantly shrink as the PCHAIN presale breezes through round two and prepares for a next-round price hike. Contributing to the rising traffic are the successful BlockAudit security audit and CoinMarketCap listing, two factors that have boosted confidence and excitement around the revolutionary project.

This means any further delay would not only result in missing out on PCHAIN at its lowest-ever price again ($0.011) but also missing out on what could be the next millionaire-making crypto of 2025.   

Many ignored the early XRP price forecasts and missed over 40,000% in profits. But now, the PropiChain (PCHAIN) presale is offering a chance for redemption and larger profits. Click the links below to join the PCHAIN presale before it’s too late.

For more information about the PropiChain Presale:

Website: https://propichain.finance/

Join Community: https://linktr.ee/propichain

Trading at $196, Solana faces key resistance at $205 while anticipation builds around SEC decisions on spot Solana ETFs in 2025. Analysts speculate a 10x surge if the SOL ETF is approved, further solidifying Solana’s position in institutional adoption. Meanwhile, 2025 upgrades like Firedancer aim to enhance SOL’s scalability and speed.

As Solana pushes the boundaries of its ecosystem, JetBolt (JBOLT) is writing its own success story, with over 250 million tokens sold in presale. JetBolt’s Zero Gas Technology and AI utility are turning heads, attracting both crypto whales and newcomers seeking innovative solutions to Web3’s most pressing challenges.

Could 2025 see Solana’s rise with ETFs and other innovations, or will JetBolt shape the Web3 narrative? Let’s dive in.

Can Solana ETFs Trigger a 10x Surge in SOL Price by 2025? Updates, Firedancer Upgrades, and Price Predictions

As Solana (SOL) enters 2025, discussions surrounding the potential approval of spot Solana exchange-traded funds (ETFs) are intensifying. Several asset managers, including VanEck and 21Shares, have submitted applications for Solana ETFs, with initial decisions from the SEC expected by January 25, 2025. Optimism is high, with prediction markets indicating a 78% probability of approval following the success of Bitcoin and Ethereum ETFs.

An extensive list of crypto ETFs and trust applications with deadlines for approval from various crypto-centric companies. Source: X 

Approval of a Solana ETF could bolster institutional interest and mainstream adoption, potentially driving SOL’s price significantly higher. Some analysts predict the token could surge to $1,290 if ETFs launch this year, representing a nearly 10x increase from its current levels.

However, challenges remain. The SEC’s past classification of Solana as a security and the lack of a robust futures market could complicate the approval process. Meanwhile, Solana’s Firedancer upgrade promises to increase transaction speeds, positioning the blockchain as a leading contender for global financial adoption.

Trading at $196, SOL faces immediate resistance at $205 and $225. Whether ETFs unlock its 10x potential or broader developments shape its future, Solana remains a token to watch.

JetBolt Sells 250 Million Tokens in its Presale: Can This New Altcoin Be The Next Big Crypto?

While Solana captures headlines with its spot ETF prospects, JetBolt (JBOLT) is carving its own path to prominence. This young altcoin recently crossed the milestone of 250 million tokens sold in its presale—a remarkable achievement that underscores the growing appetite for next-generation altcoins designed to address persistent Web3 challenges.

JetBolt’s appeal stems from its innovative Zero Gas Technology, which eliminates gas fees while delivering near-instant transaction finality. Built on the Skale blockchain, JetBolt is attracting modern crypto whales and everyday users seeking innovative solutions beyond traditional altcoins.

At the same time, JetBolt’s ecosystem also integrates an AI-powered utility that aggregates popular crypto news, grouped according to market sentiment while simultaneously spotlighting trending coins. This smart feature meets the rising demand for intuitive AI applications in blockchain—a rarity among emerging altcoins.

Adding to its allure, JetBolt’s easy-to-use staking system offers daily staking rewards with a socially connected twist, encouraging engagement on its platform to boost their rewards. Coupled with JetBolt’s exclusive Alpha Boxes, offering up to 25% extra tokens, this fresh entrant’s momentum could be a signal that the crypto market is slowly shifting towards next-gen solutions—aiming to meet the demands of modern crypto users. 

Conclusion: The Path Forward for Solana and JetBolt in 2025

Solana’s efforts, from ETF applications to scaling breakthroughs like Firedancer, showcase its drive to redefine blockchain performance and institutional relevance. Meanwhile, JetBolt’s presale success, with over 250 million tokens sold, highlights how innovative new altcoins are carving their place—cryptocurrrencies that address the evolving needs of today’s crypto enthusiasts. 

Explore JetBolt’s official website to learn more about the presale and its cutting-edge features 

This article is for informational purposes only. Cryptocurrencies are highly volatile, and their value can fluctuate dramatically based on market conditions. Past performance is not a reliable indicator of future outcomes. Conduct in-depth research before purchasing any crypto coin, token, or asset. 

ETHUSD analysis: RSI signals oversold conditions amid potential trading range formation

Ethereum (ETH) is at a critical juncture, with the ETHUSD pair reflecting key technical signals that traders and investors cannot ignore. On the 4-hour chart, the Relative Strength Index (RSI), a widely-used momentum oscillator, is nearing oversold territory, aligning with a sharp decline in price. This development brings Ethereum close to the lower boundary of a long-term ascending channel, leaving traders focused on whether ETH will stabilize, reverse, or form a new trading range.

Key ETHUSD technical analysis observations

RSI nearing oversold conditions

• The RSI value is approaching the critical level of 15.47, last observed during a significant price exhaustion earlier in the chart. Historically, such extreme RSI lows have often indicated the end of selling pressure, paving the way for price consolidation or a potential rebound.
• Although the RSI has not yet hit these historical lows, traders are advised to watch for a possible revisit or breach of the oversold threshold, which could trigger meaningful price movements.
• But if later price crosses down that channel (WHICH IS ALSO A POTENTIAL BEAR FLAG!), then more bears will probably step into the picture, and take ETHUSD down even further. In such a case, ETHUSD is even open to $2875 with some patience.
• Traders should always keep an open mind and listen to other views, even different than their bias. It can help. You may want to check out other ideas at TradingView Ethereum trade ideas where other technical analyses appear.

Broader crypto market impact

Ethereum’s price drop of -1.48% reflects broader weakness in the crypto market. Key assets like Bitcoin (BTC) and Binance Coin (BNB) have also recorded losses, with Solana (SOL) standing out as the day’s largest loser, down by -3.96%. Despite this, institutional interest in Ethereum remains strong, as evidenced by significant inflows into Ethereum ETFs.

Ethereum ETF inflows: a sign of institutional confidence

On Monday, U.S. spot Ethereum ETFs reported net inflows of $128.7 million, led by BlackRock’s ETHA fund. Since their launch in July, these ETFs have accumulated a total of $2.8 billion, demonstrating institutional confidence in Ethereum’s long-term value. These inflows provide a counterpoint to the current ETHUSD price weakness, suggesting a solid foundation for future recovery.

ETH price prediction: potential scenarios to watch

Trading range formation

• Ethereum may establish a temporary trading range near the channel’s lower boundary, with small breakdowns below the trendline serving as liquidity hunts. These moves could trigger stop-loss orders before price rebounds into the range, providing consolidation for ETHUSD to determine its next major move.
• This range-bound movement would allow traders to focus on key levels within the channel, particularly as ETHUSD approaches the psychological support level of $3,000.

Possible reversal

• A reversal is a plausible scenario if oversold RSI conditions align with renewed buying momentum. Key confirmation signals for this would include price stabilization near the channel’s lower boundary and a breakout above minor resistance levels.
• If a reversal materializes, short-term resistance levels such as the midline of the channel and $3,400 would become the immediate targets for ETHUSD.

ETHUSD key technical levels

1. RSI threshold: Monitor for a revisit to 15.47, as such low levels often signal selling exhaustion.
2. Ascending channel dynamics: The lower boundary of the long-term ascending channel remains critical; significant breakdowns below this level may be temporary, as Ethereum has historically respected this trendline.
3. Short-term resistance: A potential reversal could aim for the channel midline and the psychological level of $3,400.

ETHUSD analysis: trading considerations

• Conservative approach: Traders should wait for clear confirmation of price stabilization or a decisive breakout from any potential trading range before entering positions.
• Partial profit-taking: Use partial profit targets to manage risk effectively, considering Ethereum’s historical volatility and potential for sudden liquidity-driven moves.
• Technical focus: Combine RSI analysis with other indicators, such as volume and candlestick patterns, to confirm price movements before acting.

Conclusion: Ethereum technical analysis outlook

The ETHUSD pair is navigating a pivotal moment, with the RSI signaling potential oversold conditions and price nearing the lower boundary of its ascending channel. Whether Ethereum stabilizes, reverses, or consolidates into a range, traders should closely monitor key technical levels and broader market sentiment. While Ethereum ETFs signal strong institutional confidence, short-term price action will likely hinge on RSI behavior and the channel’s dynamics.

Disclaimer

This Ethereum technical analysis is for informational purposes only and does not constitute financial advice. Always trade responsibly and conduct thorough research before entering any positions. Visit ForexLive.com for additional perspectives.

Blockchain enthusiasts and buyers are glued on two narratives this week: Cardano’s (ADA) quest for 100x growth and JetBolt’s (JBOLT) steady ascent. After breaking through the $1 barrier on January 3, could ADA potentially achieve an astonishing 100x growth in 2025? 

At the same time, all eyes are on JetBolt, a young altcoin that has already sold over 250 million tokens since its presale debut. This explosive growth indicates that whales may be eagerly accumulating JBOLT tokens, signaling their confidence in this emerging star. Can JetBolt continue to set the stage ablaze with its presale performance? Will Cardano’s major upgrades boost its chance to 100x? Let’s find out.

Cardano Price Forecast: Can ADA Achieve a 100x Growth?  

Cardano (ADA) welcomed the new year on a high note. Since January 3, its native cryptocurrency, ADA, traded at around $1.06 to $1.14 after navigating a turbulent 2024. 

Cardano’s price chart over the past 24 hours shows ADA hovering around $0.9947 to $0.94 based on CoinMarketCap data

According to Ekta Mourya’s news report on FXStreet, ADA’s price likely soared because of large wallet investors who accumulated ADA tokens. Data from the crypto analytics platform Santiment shows that major holders with 1 million to 10 million ADA tokens have added 10 million Cardano tokens to their wallet addresses. 

So, can Cardano extend its rally and register a 100x breakout in 2025? While Cardano witnessed bullish momentum in the first week of the year, its current price paints a different picture. This makes it less likely for ADA’s 100x surge to take shape. 

ADA is currently trading at $0.9431, reflecting a notable 6.7% drop over the past 24 hours. Despite ADA’s recent price decline, several factors could potentially drive its recovery. One key catalyst is the major network upgrade that will roll out in January 2025. 

The Plomin hard fork is part of Cardano’s vision to become a fully decentralized and self-governing blockchain. However, it remains uncertain how high ADA’s price can go once the governance action materializes. 

What Drives New Altcoin JetBolt’s (JBOLT) Presale Surge? 

As crypto enthusiasts watch the latest developments on Cardano, they’re also following the meteoric rise of the young altcoin JetBolt (JBOLT). Since its presale began, this fresh face in the market has sold over 250 million tokens, further attracting large buyers intrigued by what this emerging star could offer. 

JetBolt’s appeal as a next-gen altcoin lies in its fresh and cutting-edge features. JetBolt helps address some of the most prominent challenges in today’s crypto landscape. 

One of these is the typically hefty gas fees associated with blockchain transactions. Powered by the Skale network, JetBolt’s zero-gas technology eliminates gas fees, making transactions seamless for crypto users. 

JetBolt also tackles a significant pain point: the often complex and intimidating process of staking tokens. With its easy-to-use staking system, JetBolt simplifies crypto staking. It also makes staking fun by enabling stakers to connect with friends on the platform and earn bonus rewards. 

Leveraging artificial intelligence, JetBolt’s high-tech crypto insights tool provides curated market news, market sentiment of certain cryptocurrencies, and more.  

Moreover, JetBolt keeps crypto aficionados and early buyers hooked with its attractive presale perks. One of these exciting advantages is the exclusive chance to get up to 25% extra tokens. 

Those eager to accumulate JetBolt (JBOLT) tokens can score this fantastic deal when they avail of Alpha Boxes or buy tokens in batches. With its innovative mix of presale benefits and game-changing features, it’s no wonder JetBolt’s token sales continue to surge. 

Conclusion — Cardano Eyes a 100x Growth as JetBolt Gains Massive Traction

Cardano kicked off the year with an impressive rise to $1. However, as it currently faces a price decline, its road to 100x growth raises questions about whether it is likely to happen. Meanwhile, JetBolt’s presale milestone of selling over 250 million tokens is a testament to the potentially growing appetite of buyers for new coins with solid, user-centric attributes like zero-gas technology. 

Discover more about JetBolt’s revolutionary features. Check out the official JetBolt website today. 

This article does not offer any financial advice. Always conduct thorough research before engaging with any cryptocurrency. All crypto assets carry significant risks.