Ethereum Price Forecast: ETH may surpass critical barrier despite 10% rally profit-taking

Ethereum on-chain analytics show long-term holders selling in recent days.

Ethereum ETFs lost $9 million on Thursday, their sixth straight day of losses.

Ethereum may break $3,400 barrier and rise 10% to $3,732.

On-chain data suggests speculators' profit-taking has pulled down Ethereum (ETH) around $3,300 on Friday. If it breaks $3,400 barrier, the top cryptocurrency might rise 10% to $3,732.

The surge in ETH's Age Consumed statistic, which analyzes the number of ETH changing addresses daily compared to the days since they last moved, suggests long-term holders took most of the gains. This measure spikes when several idle tokens travel between addresses.

Lookonchain's Friday X article showed that an Ethereum whale sold 73,356 ETH worth $224.42 million in two weeks after the price spike.

ETH exchange net flows and open interest are somewhat positive. According to CryptoQuant's research, the leading cryptocurrency had net withdrawals of over 100K ETH worth ~$320 million in the previous three days. Exchange outflows suggest purchasing pressure, unlike ETF flows.

On Thursday, Coinglass statistics showed Ethereum's open interest reaching a record $20 billion.

Ethereum fell 1% after $49.32 million in 24-hour futures liquidations. Long and short liquidations were $28.32 million and $21 million.

For two weeks, ETH has traded in a rectangular channel with resistance at $3,400 and support near $3,000 psychological level. The top altcoin repeated a rectangular rejection on Thursday and is challenging the Exponential Moving Average (EMA) blue line.

A drop below the EMA might help ETH reach $3,000 psychological support. If ETH rebounds, purchasing momentum might push it beyond $3,400. ETH might rise almost 10% to $3,732 barrier.

If the $3,000 support fails, ETH might fall below $2,817, an important support level from April to July.

#ETHPriceSurge #EyesOnBTC #AltcoinNextMove $ETH

#Pepe ’s next potential rally point appears to be an impressive 80% surge, sparking excitement among traders. However, memecoins like $PEPE are notorious for their high volatility, making caution essential. While the short-term outlook may seem promising, sudden market shifts can lead to sharp corrections. Investors should monitor key support and resistance levels, as well as broader market sentiment, to better assess risk. Diversification and clear exit strategies are recommended for managing exposure in such unpredictable assets. Despite the risks, the buzz around Pepe highlights the ongoing enthusiasm for memecoins, offering both opportunities and challenges for those seeking high returns.

#AltcoinNextMove

PEPE Coin Whale Buys 300B Tokens, Price Rally Soon?

Crypto fans are interested in a major Pepe Coin (PEPE) transaction. A PEPE whale bought over 310 billion tokens during the collapse. This action has spurred anticipation of a Pepe Coin crypto price rebound, which began today with big increases.

Latest Pepe Coin Whale Accumulation

SpotOnChain data shows that a fresh wallet opened 13 hours ago withdrew 309.6 billion PEPE tokens worth $6.45 million from KuCoin at $0.00002082. This massive buy shows increased interest in memecoin despite market volatility.

PEPE whale behavior generally precedes price volatility. This accumulation suggests trust in the token's future, spawning price recovery speculation. A significant portion of the token's circulating supply was purchased. Long-term holding or deliberate redistribution might boost Pepe Coin price.

Pepe Coin fluctuated in 2024, following memecoin market patterns. This buildup of whales might cause FOMO (fear of missing out) among lesser investors, increasing demand. Market sentiment and trade volume affect PEPE's pricing.

The wallet was created soon before the purchase, suggesting insider information or a planned bet on PEPE's potential. This move has PEPE holders optimistic, but investors should be wary. Whale transactions may cause price volatility in memecoins, which are speculative.

PEPE Price Action

Pepe Coin price broke its recent downtrend today and traded at $0.00002036, gaining 1.19% at the time of writing on Friday, November 22. The popular frog-faced memecoin has risen over 105% in 30 days, signaling market optimism. Thus, the market is expected to closely monitor next whale moves to gauge the token’s trajectory.

#PEPE #BTCBreaks100K? #AltcoinNextMove $PEPE

In the $ETH / $BTC pair, it appears that the completion of a historical formation is just 4-6 weeks away. This suggests that the window for a significant altcoin bull run is narrowing. If the pattern plays out as expected, it could lead to a substantial increase in #Ethereum 's value relative to Bitcoin, potentially sparking a broader rally across the altcoin market. Investors are closely watching on-chain metrics, technical indicators, and macroeconomic factors, as the next few weeks may be pivotal for market dynamics. The anticipation of a major move has heightened excitement within the cryptocurrency community, signaling a critical time ahead.

#ETHPriceSurge #EyesOnBTC #AltcoinNextMove

#Cardano (ADA) is showing strong bullish signs, supported by key on-chain metrics. Recent data indicates a significant increase in active wallet addresses and transaction volumes, reflecting growing network activity. Additionally, the rise in Cardano's Total Value Locked (TVL) highlights increased interest in its DeFi ecosystem.
Technical analysis also supports the bullish outlook, with ADA breaking key resistance levels and forming a robust upward trend. If current momentum continues, $ADA could see a 30% price surge in the coming weeks, potentially reaching new short-term highs.
Investors are closely monitoring Cardano’s ecosystem developments, including advancements in smart contracts and scalability, which may further drive adoption and price growth.

#AltcoinNextMove

Trump Crypto Council to Create Strategic Bitcoin Reserve

The Trump transition team is apparently planning to create a national Strategic Bitcoin Reserve. Reuters reported the creation of a crypto advisory board to reform US digital asset regulation.

Ripple, Kraken, Circle, Paradigm, and Andreessen Horowitz's crypto subsidiary a16z are running for council seats. The council may be based in the White House's National Economic Council or another administrative branch.

A Strategic Bitcoin Reserve Could Happen
“It’s being fleshed out, but I anticipate the leading executives from America’s Bitcoin and crypto firms to be represented,” said Bitcoin Magazine CEO David Bailey, a key adviser who arranged for Trump to speak at a July Bitcoin conference in Nashville. “People love giving advice and input.”

Trump's advisers and business executives are pushing for a Strategic Bitcoin Reserve. Dennis Porter, CEO and creator of the Satoshi Act Fund, a US NGO promoting Bitcoin acceptance, said the team is exploring an executive order to create the SBR.

David Bailey said on X on November 15 that “SBR is happening.” The analysts say the President may form the SBR without Congress and undertake a reasonably big purchase program (tens of billions of dollars). We'll need Congress to grow, but we can start at MicroStrategy-like size now.”

Despite industry insiders' enthusiasm, market distrust lingers. Polymarket, a decentralized prediction market platform, now predicts 42% that Trump will create a Strategic Bitcoin Reserve, up from 24% five days earlier. This shows increased optimism but also reservations regarding the reserve's realization.

Bitcoin has reached new highs and is approaching $100,000 due to market excitement about the Trump administration. The SBR might boost market growth and investor confidence.

#Trump #BTCBreaks100K? #GaryGenslerResignation #EyesOnBTC $BTC

#StellarLumens (XLM) has gained significant attention in recent months as the cryptocurrency market shows signs of recovery. With increasing adoption in cross-border payments and partnerships with major financial institutions, many believe $XLM could achieve the $1 milestone. The anticipated arrival of altcoin season, marked by surging prices for alternative cryptocurrencies, strengthens this optimism. Historically, altcoin seasons follow Bitcoin's dominance peaking, allowing altcoins like #XLM to shine. However, market dynamics remain unpredictable. While $1 is a plausible target, investors should carefully assess market conditions and stay informed. Patience and strategy are key to benefiting from upcoming opportunities.

#AltcoinNextMove #GaryGenslerResignation

Are Dogecoin Prices Rising Parabolically? Analysts Expect DOGE to Top $20

Dogecoin rose 1.5% in 24 hours to $0.3872 as Bitcoin reached another record high yesterday.

The meme token, along with the rest of the market, has gained 3.5% in a week, 96% in two weeks, and 183% in a month since Donald Trump's presidential triumph.

It had a fantastic November, but popular trader Ali Martinez says the currency is starting a “parabolic bull run.”

Martinez has set a goal range of $2.40 to $23.26 for the current bull cycle, and although the latter price may be lofty, DOGE appears poised to overcome the lower level next year.

Martinez predicts that DOGE will trade between $2.40 to $18 next year if it follows its historical price movement.

He adds that DOGE “tends to peak around the 1.618 and 2.272 Fibonacci retracement levels,” setting an upper target of $23.26.

Combining these two figures yields a $2.40–$23 target range.

This means DOGE will grow 519% to 5,840% from its current pricing.

These are substantial gains, but the market is so optimistic that Dogecoin might reach the lower objective.

After Trump's re-election, crypto has received a steady stream of favorable news, including yesterday's announcement that Gary Gensler would step down as SEC Chairman.

DOGE has also had some optimistic headlines, notably the revelation that longtime Dogecoin supporter Elon Musk would lead the Department of Government Efficiency.

This suggests that the meme token might directly benefit from the Trump administration, albeit no one has addressed this.

#AltcoinNextMove #DOGE $DOGE

$XRP is testing the critical $1.7 level, showing no signs of turning back based on the current chart. The price action indicates strong momentum, with XRP poised to break higher as market confidence builds.
#Bitcoin (BTC) has already completed its upward move, paving the way for altcoins like XRP to take center stage. Traders are now closely watching $XRP as it appears ready to "wake up" and make significant strides in the market. $BTC
This could mark the beginning of a strong rally, making $1.7 a key support and breakout level to watch. The time for #XRP seems to be now!

Following FTX's Important Update on Reorganization Plan, FTT Soars 30%

FTX's native token, FTT, has seen a 30% spike in the previous 24 hours, reaching a monthly high of $2.93. The exchange has now gone bankrupt. The price increases follow FTX's November 21 announcement of a significant update to its restructuring plan, which is scheduled to commence in January 2025.

There is hope that FTT, which has seen a spike that has put it in first place among the top 100 cryptocurrencies in terms of gain, might continue to climb and eventually reach its year-to-date high of $3.43, all because of the current bull market in the cryptocurrency market.

Although the token's market value is remarkable at $843 million, it had a little correction at the time of writing, causing its price to decrease to $2.56.

The court-approved Chapter 11 plan of reorganization is approaching its final stage, according to a press statement issued by FTX on November 21. Thanks to this update, FTX plans to begin paying off creditors and consumers in the first quarter of 2025.

The revised schedule indicates that the now-defunct cryptocurrency exchange FTX plans to close deals with distribution agents in December 2024, after which it may begin refunding customers.

Customers are asked to follow certain procedures in order to get their portion of the funds. These procedures include establishing an authorized account with a Distribution Agent, verifying their identity, and filing the necessary tax forms before the distribution record date.

If the current uptrend continues, an expert predicts that FTT may reach $3.43 after breaking through $2.69. Nevertheless, the price of FTT might be pushed down if tokens that are moving in significant amounts are sold off.

#FTT #FTX $FTT
#AltcoinNextMove

Solana On-Chain Activity Soars as Transfer Volume Breaks Records

Solana, one of the top blockchains in the active crypto industry, attracts a large number of users everyday, resulting in an unparalleled transfer volume rise.

Solana Sets Adoption Record

Glassnode, a major on-chain and financial platform, announced that Solana network on-chain activity is heating up, resulting in a tremendous jump in transfer volume to a new all-time high, indicating rising network use and interest.

This record transfer volume shows the blockchain's rapid and low-cost transactions and the rising popularity of decentralized applications and initiatives on the network. More people using Solana strengthens its status as a prominent blockchain in the crypto scene.

The on-chain platform reported a record $318 billion transfer volume for Solana and over 22 million active addresses on November 16. The mean and median transaction volumes dropped considerably while transfer volume reached a record high.

Glassnode suggested that this network activity pattern, which has propelled blockchain developments, may be bot-driven. As record-breaking activity continues, the network's importance in blockchain will grow, luring retail and institutional participants.

The increase in transfer volume matches a large increase in DEX volume. The network's decentralized volume reached new highs a few days ago, showing a rising demand for decentralized operations and user involvement.

The network's DEX volume reached a weekly record $41.2 billion, according to IC News. Interestingly, this fast surge represents over 100% growth from its prior highs of $17.5 billion in March and $18 billion the week before. With these successes, SOL's blockchain shows its decentralized financial innovation potential.

Titan of Crypto and other experts believe SOL's fresh upward momentum might push the market beyond $400. Titan of Crypto predicted the bold forecast after SOL almost broke out of a Cup and Handle pattern on its monthly chart.

#SOLHitsATH #EyesOnBTC #COSSocialFiRevolution $SOL

$SHIB is currently in a key accumulation zone, presenting a promising opportunity for buyers. The critical resistance level to watch is $0.00003. A decisive break above this level could trigger rapid upward momentum, potentially leading #SHIB to retest its all-time high (ATH). With its strong community support and increasing adoption, SHIB remains a popular choice among meme-coin enthusiasts. As market sentiment improves, the chances of a breakout grow stronger. Investors should closely monitor the $0.00003 level as it could signal the start of a significant rally, positioning SHIB for another historic high.
#AltcoinNextMove

New trademark application by Trump Media explores crypto payment service

A new trademark filing with the US Patent and Trademark Office suggests President-elect Donald Trump's media firm may establish a crypto payment service.

Trump's Monday application for "TruthFi," a crypto payments, financial custody, and trading platform, shows his increasing interest in the crypto business.

Crypto Win: SEC Chair Gary Gensler Departs January 20, 2025
The trademark application does not specify the operation or timeline of the proposed service, but it suggests that Trump Media & Technology Group wants to diversify beyond Truth Social, which relies heavily on Trump's continuous engagement with his core supporters.

Given the company's tiny size, with less than 30 people, entering the bitcoin industry may require purchasing

Trump Media is also in talks to purchase Bakkt, a crypto trading platform whose shares rose after Bitcoinist published the news earlier this week. Due to its policy of not discussing market speculation, Bakkt has not confirmed these talks.

Trump Media filed to reserve the TruthFi moniker in case it launches a cryptocurrency endeavor, according to trademark attorney Josh Gerben.

The attorney said that firms submit trademark applications with actual intent to use the name, implying that there may be plans.

In the third quarter, Trump Media, worth $6.5 billion, earned little over $1 million from Truth Social advertising. With the network failing to attract new users and advertisers, diversifying income sources is crucial to its survival.

Despite not working at Trump Media, he owns roughly 53% of its shares, worth $3.4 billion, making it his most valuable asset. The company's board, mostly loyal to the former president, including his oldest son, Donald Trump Jr.

Previously a bitcoin skeptic, Trump started promoting digital assets throughout his presidential campaign. He has suggested that the next US SEC chairman would relax crypto regulation, departing from the Biden administration.

#Trump #AltcoinNextMove $BTC

Dogecoin (DOGE) Revives: Rally Coming?

Dogecoin is maintaining gains over $0.380 US Dollar barrier. DOGE is holding gains and wants more over $0.400.

Above $0.3750 barrier, DOGE price rose again.
The price is above $0.3800 and the 100-hour SMA.

DOGE/USD broke above a short-term contracting triangle with resistance at $0.390 on the hourly chart.

The price may rise if it breaks $0.400 and $0.4080 barrier.

Dogecoin Price Expects Growth

Dogecoin price has been sustained above $0.350 and lately increased like Bitcoin and Ethereum. DOGE broke $0.3650 and $0.3750 barrier.

The price rose above the 50% Fib retracement of the $0.4208 swing high to $0.3652 low. Additionally, the DOGE/USD hourly chart broke above a short-term contracting triangle with resistance around $0.390.

Dogecoin is above $0.3750 and the 100-hourly SMA. Resistance on the upswing is approaching $0.3950, the 61.8% Fib retracement level of the decline from $0.4208 swing high to $0.3652 low.

Bulls may see first resistance at $0.400. Near $0.4080 is the next significant resistance. A closing above $0.4080 might push pricing above $0.4200. More advances might push the price toward $0.4500. Bulls may target $0.500 next.

Does DOGE Support Dips?
DOGE's price may fall if it fails to break $0.400. Initial negative support is $0.3850. Near $0.3750 is the next important support.

The major support is $0.3550. If the price breaks $0.3550, it might fall lower. In this situation, the price may fall to $0.3200 or $0.300 soon.

Tech Indicators

DOGE/USD hourly MACD is rising in the positive zone.

Hourly RSI (Relative Strength Index): DOGE/USD is over 50.

Key Support Levels: $0.3850, $0.3750.

Major resistance levels: $0.4000, $0.4200.

#DOGE #AltcoinNextMove $DOGE

#Comedian ( #BAN ) is currently testing a significant resistance level at $0.17. A confirmed hourly breakout above this level could reverse the trend and trigger a bull run, accelerating upward momentum. Traders should closely monitor this potential breakout.
Meanwhile, $PNUT coin is also showing signs of possible price movement. Adding #PNUT to your watchlist could be a smart move as it may align with BAN’s trajectory.
Key breakout points like these can present excellent opportunities for investors, but careful analysis and a solid strategy are essential. Positive moves in both coins could lead to substantial gains.

$FTT , the native token of the #FTX exchange, is currently in an upward trend, drawing attention from traders and investors. The $6 level stands out as a crucial resistance point that could determine the token’s next move. A successful break above this level could pave the way for further gains, potentially igniting a stronger rally. Given $FTT ’s association with one of the most prominent platforms in the crypto space, tracking its performance is essential for market participants. As momentum builds, $6 will be the level to watch, marking a decisive moment for $FTT 's bullish potential.

#SOLHitsATH #AltcoinNextMove

PEPE Price Forecast: Bulls jump 16% following $175M supply squeeze

PEPE surged 16% to $0.000021 on Thursday, outperforming Shiba Inu and Dogecoin.

PEPE investors stored $175 million in tokens for five days before the breakout.

After breaking $0.000020 barrier, positive technical indications may entice more market participants.

Pepe broke $0.000020 barrier on Thursday to become the best-performing mega cap memecoin. Technical indicators and market supply dynamics indicate gain.

The chart above shows PEPE opening at $0.000018 on November 21, down 27%, after five straight losing days after rejecting the world top of $0.000026 on November 14.

At press time on Thursday, PEPE price was $0.000021, up 16% daily.

After Bitcoin hit $98,000 on Thursday, optimistic tailwinds swept to Ethereum memecoins, boosting PEPE, Floki Inu, and MOG to double-digit gains while Solana memes fell.

Between November 16 and 20, PEPE investors withdrew $175 million from exchange-hosted wallets in five days, as seen in the figure above.

Bullish tailwinds from BTC's record-breaking price action helped PEPE rise 16% on Thursday.

PEPE exchange inflows surged $17.5 million on November 21, boosting short-term market activity and sustaining the gain.

Given that this is 90% lower than weekly outflows, a near-term rise in market volumes will certainly boost PEPE prices.

PEPE price prediction: $0.000030 breakout?

PEPE price rebounded $0.0000020 on Thursday after a 16% recovery assisted by $17.5 million in market inflows.

Besides the favorably biased market supply dynamics, technical indications on PEPE daily charts suggest a breakthrough toward $0.000030.

Based on these reasons, PEPE price is projected to remain positive, with the recent market peak of $0.0000258 as resistance.

Breaking that level might lead bulls to fresh all-time highs over $0.000030.

Failure to close above $0.0000020 psychological support, particularly if trade volumes dip, might negate the favorable outlook.

#AltcoinNextMove #PEPE #BTC100KToday? $PEPE

XRP may rise 50% as SEC may not appeal Gensler's departure

After WisdomTree Physical XRP ETP, Ripple launches another ETP in Europe.

SEC Chairman's January 20 resignation signals the agency may not appeal Judge Torres's verdict.

XRP open interest hits a record high as the remittance-based coin targets $1.96, up 45%.

After news of SEC Chair Gary Gensler's departure and the launch of WisdomTree Physical XRP ETP in Europe, Ripple's XRP rose 10% to $1.18 on Thursday. The remittance-based coin is anticipating a 45% gain as its open interest reached a record high.

XRP ETP, SEC Chair departure, rising open interest
On Thursday, asset management WisdomTree launched a physical XRP ETP in Europe. The WisdomTree Physical XRP ETP (XRPW) exposes investors to XRP spot pricing.

The asset management said the product is Europe's lowest-cost XRP ETP and 100% physically backed by the underlying commodity in cold storage.

The release also noted that Börse Xetra, SIX Swiss Exchange, and Euronext Paris and Amsterdam list XRPW.

We're thrilled to introduce the WisdomTree Physical XRP ETP on Börse Xetra, SIX Swiss Exchange, and Euronext Paris and Amsterdam.

Gensler's administration was key in the four-year SEC vs. Ripple lawsuit, which ended when Judge Analisa Torres declared that exchange-sold XRP to individual investors aren't securities.

The Judge penalized Ripple $125 million for institutional XRP sales, significantly less than the $2 billion SEC demanded.

The SEC had planned to appeal, but Gensler's departure and Trump's pro-crypto stance make that improbable.

Thursday saw XRP's futures open interest pass $2.1 billion for the first time.

Derivatives market open interest (OI) is the number of contracts outstanding. Rising OI suggests XRP futures traders are positive.

XRP may rise 45% to $1.96.

The $13.8 million in liquidations—$8.63 million for long holdings and $5.17 million for short ones—boosted XRP by 10%.

#GaryGenslerResignation #XRPAndSECShift #AltcoinNextMove #BTC100KToday? $XRP