• Dogecoin has a bearish market structure on the higher timeframes.
• Liquidity below $0.1 is likely to attract prices toward it before a reversal can happen.

Dogecoin [DOGE] has bounced 20% since setting the lows at $0.0913 on Friday, the 5th of July. The majority of the crypto tokens witnessed a relief bounce after the recent bloodbath but not all of them can sustain the move upward.

The price prediction for Dogecoin shows that it too might struggle to sustain the momentum. Instead, prices would likely consolidate or drop lower since the buyers remain weak.

The bulls are hanging on by a thread to the $0.1 level

Dogecoin has fallen below the March lows and erased all the gains made in the latter half of that month. To the south, the $0.0775-$0.082 region is a the next demand zone.

It was where prices were consolidating for two months before the wild rally in February and March.

The daily RSI was below neutral 50 and indicated that the trend was still firmly bearish. The CMF was at +0.03 and highlighted capital inflow into the market. However, it is likely that the buyers are not strong enough to reverse the recent losses.

The Dogecoin price prediction remains bearish, and this bias would change if the price can climb past $0.13 and defend it as support.

More reasons why the Dogecoin price prediction is discouraging for investors

The 6-month look back period analysis by AMBCrypto of the liquidation heatmap showed three distinct bands of liquidity from $0.1-$0.112.

Last week, they were all wiped out, and the memecoin bounced to retest this region as resistance.

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Realistic or not, here’s DOGE’s market cap in BTC’s terms

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The $0.0745-$0.079 region was the next closest liquidity zone. It is likely to attract DOGE to it given the trend of the market and the proximity.

Once it is taken out, the prices would be free to reverse bullishly and target the $0.18 territory.

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

Solana Price Forecast: SOL has seen significant trading activity over the past 24 hours. The bulls and bears are fiercely contesting price levels, which have fluctuated throughout the day. As of the time of writing, the altcoin hovered at $140 during European trading hours, making a slight rebound of 2%, according to CoinMarketCap data. 

The trading volume increased notably by 66%, indicating heightened investor interest. The current market capitalization is approximately $65 billion, securing Solana’s position as the fifth-largest cryptocurrency by market cap. 

Solana Price Forecast: Will Recent Gains Sustain?

Over the past week, Solana’s price experienced a slight downturn, dropping by over 5%. It oscillated between $122 and $150, reflecting typical market adjustments and volatility. A peak was reached, with prices soaring above $154 despite ongoing market corrections. 

The cryptocurrency market is stabilizing, setting the stage for potential gains in Solana’s value. Despite the recent dip, Solana has achieved an impressive annual growth of 543%.

Investment Shift: Solana Outpaces Ethereum

Solana has recently eclipsed Ethereum in terms of investment inflows, securing over $16 million, surpassing Ethereum’s $10 million. According to a CoinShares report, this surge is part of a broader $441 million wave of capital into cryptocurrencies. 

This increase in funding, seen as a reaction to recent price drops, presents new buying opportunities. Significantly, the U.S. market has been the main contributor, injecting $384 million into digital assets. This shift underscores a changing landscape in cryptocurrency investment preferences and market dynamics.

Technical Indicators Suggest Potential Growth

SOL market performance shows promising growth, with expectations that it might overcome the significant resistance level at $150. If this level is breached, it could indicate a positive trend, potentially escalating towards a $160 target. If this momentum continues, Solana could face the crucial $200 resistance point.

Conversely, if bearish pressures intensify, the Solana price prediction could retreat to the $135 support level. Any further decline could push it toward the $120 zone, indicating a turn toward a more bearish market sentiment.

The 4-hour technical indicators for the Solana suggest a neutral to mildly bullish sentiment. The Relative Strength Index (RSI) is 54, indicating neither overbought nor oversold conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) shows a slight bullish crossover with the MACD line starting to edge above the signal line, suggesting potential upward momentum.

The Bollinger Bands on the 4-hour chart for Solana indicate a period of significant volatility, with the price oscillating between the upper and lower bands. Additionally, the Chaikin Money Flow (CMF) indicator has risen to 0.26, indicating increased buying pressure, suggesting a potential upward movement if sustained.

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Frequently Asked Questions (FAQs)

Solana stands out as one of the fastest blockchains available, capable of processing up to 65,000 transactions per second thanks to its efficient consensus mechanism.

SOL, the native token of Solana, is integral to the blockchain’s operations. It is utilized for transaction fees, staking to secure the network, and participating in governance processes.

Solana is renowned for its exceptional performance in terms of speed and scalability, making it a leading platform for developing fast and economical decentralized applications (DApps).

Some coins are trying to come back to the green zone, according to CoinStats.

ADA/USD

The price of Cardano (ADA) has risen by almost 2% over the last 24 hours.

On the daily chart, traders may witness a local bounce back; however, one should pay attention to the bar’s closure.

If it happens near $0.3740, buyers may seize the initiative, which can lead to an upward move to $0.38.

ADA is trading at $0.37 at press time.

BNB/USD

Binance Coin (BNB) has followed the rise of ADA, going up by 1.72%.

The rate of BNB is trading similar to ADA. If buyers can hold the gained initiative until the end of the day, there is a chance to see a test of the resistance level of $551 by the end of the week.

BNB is trading at $521 at press time.

About the author


Denys Serhiichuk

Cardano’s (ADA) price is still hovering in the sub $0.40 range, which it has reached following recent declines. 

The recovery from here will be difficult since the network is witnessing minimal support from its investors.

Cardano Investors Remain Bearish

Cardano’s price has been rising impressively by 7% over the past 24 hours, but ADA has yet to breach the resistance at $0.37. Trading right under it, the altcoin seems to be awaiting a huge positive trigger that may not arrive.

The lack of this trigger is potentially due to the ADA holders refraining from participating in the network. The decline in participation is a reaction from the investors who are opting to prevent losses by not conducting a transaction.

With the traders backstepping and the price declining, the larger impact will be massive losses.

According to the Global In/Out of the Money (GIOM) indicator, about 7.01 billion ADA worth more than $2.5 billion is at stake here. This supply was bought when ADA was trading between $0.37 to $0.42.

The entire supply is at risk since Cardano’s price fell from $0.42 to change hands at $0.37 at the time of writing. Barely profitable, the supply is on the verge of losses and warrants substantial bullishness from the investors. 

To keep these ADA from losing profitability, investors will have to push the price back up to $0.42. This will prevent the losses and recoup all the lost gains from the past week.

Read More: How To Buy Cardano (ADA) and Everything You Need To Know

ADA Price Prediction: Trigger Ahead

Once $0.37 is flipped into a support floor, Cardano’s price can be considered recovering. Further gains can be expected. However, a straight-up rally may be slightly difficult, considering the lack of activity and bullish cues.

This could lead to some resistance in recovering the recent losses, potentially even rejecting a bounce back. Thus, ADA could end up hovering under the $0.37 mark.

Read More: Cardano (ADA) Price Prediction 2024/2025/2030

However, if the test of this level as support is successful, it could push through the barrier at $0.40 to rally further. This would invalidate the bearish-neutral thesis and increase profits.

Tomiwabold Olajide

Surge in XRP volumes might indicate buying and selling activity as market rebounds

XRP, the seventh largest crypto by market cap, has seen a positive rise in trading volumes, skyrocketing by 80% as the crypto price turns green, signaling new interest and activity among traders and investors.

Per CoinMarketCap data, XRP’s trading volumes have skyrocketed by 86%, with a $1.41 billion value in amount of trades. This surge comes amid a backdrop of an ecosystem that has seen the value of XRP turn green, signaling a recovery for crypto.

The crypto ecosystem surprisingly posted a recovery, with several major coin prices turning positive. This follows after a serious fall in today’s early crypto trading session, with Bitcoin close to the $54,000 price.

XRP was no exception as it recovered after falling to a low of $0.403 in today’s crypto trading session. While putting this analysis together, the XRP price had returned to trade in green, up 2% in the last 24 hours to $0.432.

This increase in trading volume might show a major influx of buying and selling activity as the crypto market attempts a recovery.

Crypto market welcomes $441 million inflows

The sentiment on the market saw a sudden switch following the most recent data from CoinShares, which shows that inflows into cryptos remain surprising given the massive selling in the past week.

This implies that investors might have considered the price fall as a buying chance. In the week gone by, according to CoinShares, digital asset investment products saw inflows up to $441 million.

Bitcoin received $398 million in inflows, which unusually represented just 90% of total inflows as investors chose to invest across a much bigger set of altcoins.

In the coming days, eyes are on XRP to gauge its next price movement amid the recent developments in the overall crypto market.

About the author


Tomiwabold Olajide

Per WhaleAlert, 300 million XRP tokens have suddenly been transferred from Binance, the biggest cryptocurrency exchange. This major transfer happened as the crypto ecosystem awaited news of where the XRP price was headed next.

Three hundred million XRP worth around $130 million at present value were shifted with a transaction to an unspecified wallet, creating doubts about the motive behind the big shift.

Blockchain data tracker Whale Alert tweeted that “300,000,000 XRP worth $130,132,907 were transferred from Binance to unknown wallet.”

Aside from this, Whale Alert tweeted other XRP amounts shifted around several wallets and crypto exchanges over the weekend.

Whale Alert tweeted: 37,390,000 XRP worth $16,064,836 were transferred from an unknown wallet to Bitstamp; in addition, 31,946,978 XRP worth $14,222,245 and 29,704,444 XRP worth $12,706,107 were transferred from Binance to unknown wallets.

What’s happening?

These transfers are important to broader market transactions. The cryptocurrency market has been experiencing an unstable situation since last week, with Bitcoin and other cryptos falling to several-month lows.

Several cryptos are attempting to recover, trying their best to go green again. XRP’s next price move might tell us if it will recover or face more pressure.

Now XRP shows a 0.92% gain in the last 24 hours to $0.437, after going as low as $0.403 at the time of today’s active trading session.

Withdrawals from crypto exchanges seem to be a signal for buying; otherwise, funds are shifted to a cold storage wallet. However, it is not known or explicit which it is.

In the coming days, the crypto ecosystem will continue to rely upon clues from XRP’s price move.

Denys Serhiichuk

Can Bitcoin (BTC), Ethereum (ETH) or XRP bounce back this week?

The rates of the coins keep setting new local lows, according to CoinMarketCap.

BTC/USD

The price of Bitcoin (BTC) has dropped by 2.71% over the last 24 hours.

On the daily chart, the rate of BTC remains rather more bearish than bullish. However, one should pay attention to the nearest resistance level of $56,500. 

If the candle closes near it or above, bulls may locally seize the initiative, which can lead to a test of the $57,000 area.

Bitcoin is trading at $56,246 at press time.

ETH/USD

Ethereum (ETH) has followed the drop of BTC, going down by 2.58%.

From the technical point of view, the price of ETH is looking more bullish than BTC. If the daily bar closes far from the support of $2,817 and with no long wick, the upward move may continue to $3,100 soon.

Ethereum is trading at $2,984 at press time.

XRP/USD

XRP is not an exception to the rule, falling by 3.27%.

On the daily chart, the price of XRP remains bearish until it is below the $0.46 mark. Thus, the volume is low, which means bulls have not accumulated enough energy to seize the initiative.

XRP is trading at $0.4327 at press time.

About the author


Denys Serhiichuk

The crypto market is experiencing significant selling pressure these days. This turbulence has affected major cryptocurrencies, including XRP, which has dropped to its lowest price point since March 2023.

In response to the community’s growing concerns about the price collapse, Ripple’s chief technology officer, David Schwartz, addressed the issue by emphasizing XRP’s utility rather than its investment potential.

Schwartz explained that the current price enables users to acquire enough XRP to facilitate a payment for precisely the worth of the cryptocurrency. He stressed that this underscores XRP’s primary function as a medium of exchange, which facilitates fast and cost-effective cross-border transactions, despite the market crash.

Some community members, however, expressed dissatisfaction with such comments, accusing the Ripple CTO of deviating from previous statements and manipulating the narrative. Critics pointed out past remarks suggesting XRP’s price would not remain low and accused Schwartz of trolling and dishonesty.

Is XRP really investment instrument?

Schwartz then clarified his position, insisting that his recent comments were consistent with his earlier statements. He reiterated that his focus has always been on XRP’s functional utility in payment systems rather than its price as an investment asset.

Schwartz’s reply aimed to shut down the speculation and reaffirm his stance on the fundamental purpose of XRP.

Despite the current market challenges, the emphasis on XRP’s utility highlights what may be a long-term strategy of promoting it as a practical tool for efficient and affordable international payments.

However, the question arises — is XRP really an investment instrument?

Gamza Khanzadaev

Ripple CTO David Schwartz addresses XRP price speculations amid fear, uncertainties and doubts

The crypto market is experiencing significant selling pressure these days. This turbulence has affected major cryptocurrencies, including XRP, which has dropped to its lowest price point since March 2023.

In response to the community’s growing concerns about the price collapse, Ripple’s chief technology officer, David Schwartz, addressed the issue by emphasizing XRP’s utility rather than its investment potential.

Schwartz explained that the current price enables users to acquire enough XRP to facilitate a payment for precisely the worth of the cryptocurrency. He stressed that this underscores XRP’s primary function as a medium of exchange, which facilitates fast and cost-effective cross-border transactions, despite the market crash.

Some community members, however, expressed dissatisfaction with such comments, accusing the Ripple CTO of deviating from previous statements and manipulating the narrative. Critics pointed out past remarks suggesting XRP’s price would not remain low and accused Schwartz of trolling and dishonesty.

Is XRP really investment instrument?

Schwartz then clarified his position, insisting that his recent comments were consistent with his earlier statements. He reiterated that his focus has always been on XRP’s functional utility in payment systems rather than its price as an investment asset.

Schwartz’s reply aimed to shut down the speculation and reaffirm his stance on the fundamental purpose of XRP.

Despite the current market challenges, the emphasis on XRP’s utility highlights what may be a long-term strategy of promoting it as a practical tool for efficient and affordable international payments.

However, the question arises — is XRP really an investment instrument?

About the author


Gamza Khanzadaev