As we enter 2025, the price action of cryptocurrencies like PEPE, LINK, and ADA continues to be an important topic for investors. What are the chances of Cardano breaking the $3 level? How close are PEPE bulls to reaching their $0.00003 price target? Here are the details…
Bullish Signals in PEPE: Is the Target $0.00003?
As of January 1, 2025, PEPE is trading at 0.00001987, up 5.84% on a daily basis, and its trading volume has increased by 120.60%, reaching $2.75 billion. This increase shows that confidence in PEPE is increasing. According to chart analysis, PEPE is exhibiting a “cup-and-handle” formation that signals an increase. The price has entered a consolidation process close to the target price level of $0.00003, having rebounded strongly from a significant demand area.
If PEPE reaches this target, a short-term rally can be expected to be triggered. However, if the current momentum cannot continue, the price may trade sideways in a narrow range for a while. On-chain data shows that interest in the PEPE ecosystem is increasing. In the last week, the number of new addresses increased by 1.06% and the number of active addresses increased by 1.73%. In addition, there is a 19.91% increase in addresses with zero balance. These indicators show that the number of users is increasing rapidly, which may put upward pressure on the price. It is seen that the trading volume of small investors is increasing but large transactions are decreasing, which indicates that institutional investors are being cautious. However, the increasing interest of small investors may help the price make big moves.
The open interest volume in the futures market increased by 18.83% to $156.56 million. This increase indicates the increasing confidence of investors and volatility in the market. As a result, it can be said that PEPE has a strong upside potential with both on-chain data and technical indicators.
Chainlink (LINK) Returns from $30: Whale Selling and Risk of Downgrade
Chainlink (LINK) has faced intense selling pressure from whales after a sharp rejection at $30. This creates uncertainty in its price movements. LINK had attracted the attention of large investors when its price reached $30, but due to a lack of confidence in the sustainability of this level, whales turned to profit-taking by unloading their positions.
At the end of November, large whale transactions increased as LINK broke the $20 level. However, starting from mid-December, whales were seen to create a significant correction in the market with large sales. Especially after the sharp rejection from $25, whales' panic and increasing selling pressure pushed prices down. In December, whale transactions continued with the effect of profit taking, similar to the highs of 2021. A continuous decline in prices has been observed in the last two weeks. Short-term support zones reveal that the bears are not showing resistance. If this pattern continues, LINK is likely to retest the $20 level. It is stated that if this level is broken, prices may fall to lower levels.
LINK needs to make a strong accumulation above $20 to gain momentum in the long term, but increasing selling pressure and uncertainty are pushing investors to take a cautious approach.
Could Cardano (ADA) Reach $3 in 2025?
Cardano is currently trading at $0.8577 and has a 24-hour trading volume of $965 million. ADA, which has lost 4.34% on a weekly basis, maintains its place as one of the leading projects with a market cap of $30.74 billion. ADA has moved out of the consolidation zone it was in before and moved into a higher trading range between $0.9850-1.2430. According to analysts, breaking the upper resistance level of this level will signal that Cardano will start a new upward wave.
Van de Poppe states that the $0.74-$0.98 range is an important entry zone for investors. This zone offers a healthy correction process for ADA to enter a bull cycle. In the long term, it is stated that ADA has the potential to reach the $2.50-$3.00 range if market conditions are positive. Analysts predict that ADA could reach new all-time highs (ATH) by 2025.
Cardano founder Charles Hoskinson has made statements regarding criticisms of the platform’s governance structure. The debate escalated after community leader Rick McCracken raised concerns about transparency and accountability towards the Cardano Foundation. Hoskinson emphasized the importance of decentralization and community control in the Cardano ecosystem, and pointed out that the foundation’s treasury of 600 million ADA is managed without direct representation from the community. It was stated that this situation could negatively affect project funding and ecosystem growth.