🔴 BREAKING: Donald Trump Speaks About Cryptocurrencies at the World Economic Forum! Here’s What He Says
The new President of the United States, Donald Trump, is giving a live speech at the World Economic Forum virtually and also talked about cryptocurrencies.
Here are the important lines Trump said about cryptocurrencies and the economy:
🔺 Trump started talking about cryptocurrencies in his live speech. 🔺 Trump claims the US will be the world's AI and crypto capital. 🔺 Trump: “Using our energy reserves will make the US the world capital of AI and crypto.” 🔺 Trump is demanding lower interest rates from the Fed.
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🚀 Here’s why the crypto Altseason could start tomorrow
While Bitcoin (BTC) flirts with the long-awaited $100,000, and Jim Cramer recommends a “buy,” crypto traders eye the Altseason. Historically, money has rotated from Bitcoin into altcoins after significant breakouts, which could occur again this cycle, starting on Sunday.
This is because Sunday, November 24, will close the third consecutive week above Bitcoin’s last weekly candle’s high. Essentially, an altseason started every time this pattern occurred in the previous two cycles, as TechDev shared on X.
An altseason happens when altcoins outperform Bitcoin, diminishing its market cap dominance. Some analysts are already excluding Ethereum (ETH) as part of “altcoin” analysis, given its market size and relevance.
In summary, trading experts and crypto investors expect mid-to-low-caps to outperform the leaders, better distributing the capital among all cryptocurrencies.
🔸 The altcoins season (altseason) is starting
On TechDev’s insight, the Bitcoin and crypto analyst pointed out a pattern that dates back to March 2017. According to him, the last two altseasons started after three consecutive weekly closes above the last Bitcoin weekly high.
This pattern is in play right now, with the third consecutive week to close tomorrow, Sunday night, starting on Monday. Therefore, this week could be a key period for what some experts are labeling “utility altcoins,” with high growth potential.
Notably, TechDev crossed over the Bitcoin Dominance Index (BTC.D) with Bitcoin’s weekly chart, illustrating the start of the altseason.
In this context, some altcoins have already started surging, leading the way for other cryptocurrencies. Solana (SOL), Ripple (XRP), Cardano (ADA), Algorand (ALGO), Hedera (HBAR), Near Protocol (NEAR), and Sui Network (SUI) are some of them, outperforming other projects in the past few days as money starts rotating from Bitcoin and Ethereum to lower caps.
Floki Inu (FLOKI) maintains a market value position of $0.00009831 which has experienced a 0.5% increase during the recent 24 hours. The FLOKI token demonstrates a decline of 0.7% against BTC and 0.5% against ETH even though the USD value of FLOKI has risen in the current market.
💬 #FLOKI looks ready for a potential rebound, but the key target remains $0.000042! — Ali (@ali_charts) February 15, 2025
The technical analysis of FLOKI indicates upward potential toward $0.000042 as its main resistance points. Market analyst Ali Martinez noted that FLOKI appears poised for a rebound, emphasizing the importance of surpassing the $0.000042 threshold to confirm a bullish trend.
🔸 Market Dynamics and Community Engagement
Investors in FLOKI display positive sentiment as the entire cryptocurrency market indicates signs of a coming recovery. FLOKI has attracted investment due to the current trend of meme coin popularity which features assets with high volatility alongside fast market appreciation potential.
As market conditions improve FLOKI faces the challenge of recovering from its current position at 70.85% below its peak value of $0.000346 reached in June.
The Floki Vikings community still plays an essential promotional role for FLOKI while simultaneously developing its ecosystem. Valhalla NFT Metaverse and FlokiFi are two major initiatives from the project which seek to add practical value to the token beyond its funny origin. The platform provides innovations which improve user retention and draw more users to the FLOKI ecosystem.
🔸 Caution Advised Amid Volatility
Meme-based cryptocurrency investors should exercise caution because market volatility exists even though a price recovery appears likely. Meme-based cryptocurrencies experience unpredictable price swings based on numerous market factors together with economic conditions and investor mood.FLOKI shows signs of market growth if it manages to break through essential resistance barriers.
🚀 The Best Cryptocurrencies to Hold in 2025 for Long-Term Gains
The cryptocurrency market develops constantly as established companies create the path toward the future of industry evolution. Binance wins the title of world’s largest exchange by continuing to expand its ecosystem in order to drive blockchain innovation.
The Binance platform currently holds the position as the biggest cryptocurrency trading exchange based on daily operational volume. Through blockchain technology the platform strives to achieve a new transformative financial industry model.
Binance has established a comprehensive network which combines Binance Chain with Binance Smart Chain and Trust Wallet together with Binance Academy. The projects help Binance maintain its leading status in the market. The Binance Coin BNB provides essential network capabilities for multiple functions by executing transactions and delivering fee reductions to users.
Solana functions as an open-source blockchain project which delivers scalable decentralized finance (DeFi) products to users. Solana entered the market in March 2020 through the Solana Foundation by utilizing a proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanism combination for its operations.
The synchronized use of Proof-of-Hand and Proof-of-Stake mechanism boosts blockchain transactions while helping developers create better decentralized applications (DApps). Solana draws more investment from institutional users and retail clients because it offers efficient blockchain technology.
Dogecoin started its existence through the creation of a fun crypto project designed to reflect the “doge” meme culture. The creators Billy Markus and Jackson Palmer developed the cryptocurrency to extend Bitcoin usage beyond its core enthusiast base.
Widespread adoption of Dogecoin occurred because of its strong online community along with its humorous origin.
🔥 $DOGE Price Poised for $1.35 Surge by April 2025 Amid Bitcoin Halving Cycle
Dogecoin (DOGE) is showing signs of a potential breakout, with analysts predicting a surge to $1.35 by April 2025. Historical cycles and Bitcoin’s halving-driven momentum suggest an accumulation phase before a major price rally.
Market research indicates that after a period of consolidation, Dogecoin (DOGE) can see a notable price spike. DOGE/BTC pairs have generally traded sideways before any significant upward advance, according to historical price trends.
Master Kenobi, a crypto market analyst, examined DOGE’s price behavior over multiple cycles. His analysis points to a recurring pattern of accumulation before breakouts. In 2021, DOGE saw a sharp increase after a Bitcoin halving event, reaching new highs within a defined timeframe.
If previous cycles continue, analysts predict that DOGE might recover from its February 3rd low to $1.35 in 70 days. This corresponds to mid-April 2025, precisely one year following the halving of Bitcoin, which was a major market motivator.
Current market patterns resemble those observed in past DOGE cycles, according to analysts. Following Bitcoin’s 2024 halving, DOGE’s price consolidated before showing signs of an impending breakout. Moreover, market movements align with previous trends, suggesting another substantial price rally.
Also, prior to the 2021 boom, a 357-day accumulation phase was found. Analysts note that #Dogecoin has entered a period of accumulation similar to previous market cycles. If current accumulation trends persist, some projections estimate DOGE’s price could rise, though market conditions remain unpredictable.
Dog-themed cryptocurrency Shiba Inu (SHIB) has entered a period of relative quiet. This trend is reflected in whales or large holders, whose activity has slowed in recent days with pale large transaction volumes.
Large transaction volumes that measure the amount transferred in large transactions worth more than $100,000 are often indicative of whale activity.
Shiba Inu's large transaction volume has dropped 24% in the last 24 hours to 2.08 trillion SHIB from 2.82 trillion SHIB, which surprisingly is the highest since the last seven days. This decline suggests that whale activity has slowed, potentially impacting overall market momentum.
The current decline in whale transactions has coincided with SHIB's price consolidation below its key moving averages.
After dipping to lows of $0.0000116 on Feb. 3, Shiba Inu has consolidated below its daily moving averages of 50 and 200 at $0.0000197 and $0.0000192. The lack of strong buying pressure or significant movements from large holders or whales has kept Shiba Inu in a trading range, reflecting a cautious market sentiment.
At the time of writing, Shiba Inu was up 0.67% to $0.00001668 following a slight rebound in Friday's session.
Alternative cryptocurrencies, or altcoins, rose Friday, buoyed by recent ETF optimism. Following the release of January retail sales data in the United States, Bitcoin rose slightly. The data missed analyst predictions by a mile, giving hope that rate reductions for the Federal Reserve may be back on the table in the first half of this year.
The sluggish price movement in the market continued as investors assessed the state of the economy after a slew of reports this week.
Moving forward, a break over the daily moving averages of 50 and 200 would be bulls' first sign of strength, causing Shiba Inu to escape its present range. Support is expected at $0.0000116 in the event of a price decline.
As XRP targets reclaiming the $3 spot, the asset’s current trading pattern resembles a historical movement that points to a potential upside of about 350%.
Specifically, XRP appears to follow a pattern that echoes its historic 2017 rally, which saw the cryptocurrency skyrocket by over 1,300% in multiple phases.
Now, if this pattern plays out, it could set the stage for an even larger breakout, potentially pushing XRP’s price to $12.50 in 2025, according to an analysis by TradingShot shared in a TradingView post on February 14.
According to the analysis, XRP’s rise in 2017 played out in three rallies, each delivering four-digit percentage gains. After surging 600% since November 2024, the token may be gearing up for its next major move, targeting a double-digit figure.
At the same time, this bullish projection is backed by key technical indicators. TradingShot’s analysis indicated that the 50-day moving average (MA) has crossed above the 200-day MA, which acts as a strong bullish signal, suggesting XRP could mirror its 2017 bull run.
The expert noted that XRP could see a 1,300% surge if history repeats, pushing its price to $12.50. If this target is achieved, XRP’s market cap will rise to $722 billion, potentially making it the second-largest cryptocurrency if Ethereum (ETH) stagnates.
XRP is gaining in the short term after new developments regarding the asset’s related spot exchange-traded fund (ETF) emerged.
On February 14, the Securities and Exchange Commission (SEC) acknowledged the 21Shares application, which opens the door for a review process toward possible approval.
Given the new cryptocurrency-friendly administration, there remains optimism that the product will get a nod.
Meanwhile, XRP could see further upside if the SEC moves to end the case against Ripple. The XRP community anticipates that with the new administration, the SEC will be able to drop the case or reach a settlement favorable to the blockchain firm.
🇬🇪 Georgia Plans Bitcoin Investments for State Treasury Funds
Georgia proposes a bill allowing the state treasurer to invest in Bitcoin to diversify public funds. The bill aims to use Bitcoin as a hedge against inflation, with strict regulations for risk management.
Georgia has introduced a bill that would authorize the state treasurer to invest public funds in Bitcoin. Many parties were quickly drawn to this action as, up to now, Bitcoin has been more recognized as a speculative asset than a state investment tool.
Once regarded as ‘digital gold’ for young techies, Bitcoin is beginning to find its way into government coffers. This measure intends to diversify Georgia’s financial reserves by including some money into the digital asset. Legislators, on the other hand, view Bitcoin’s usefulness as a hedge against the inflationary upheaval still afflicting the world economy.
🚨 JUST IN: GEORGIA INTRODUCES BILL TO ALLOW STATE TREASURER TO INVEST IN BITCOIN— BSCN Headlines
🔸 An Unstoppable National Trend
Fascinatingly, other states besides Georgia are beginning to consider Bitcoin. As we previously reported, Bitcoin reserve proposals have been filed in 20 other US states. Head of digital asset analysis for the agency VanEck projects that at least $23 billion will enter the crypto market should all the measures be passed. Clearly, this number is not small change.
🔸 Balancing Risk and Reward in Georgia’s Bitcoin Plan
Georgia’s action is not without controversy, naturally. Bill supporters see Bitcoin as a good defense against possible future dollar depreciation. On the other hand, more conservative groups consider this move too bold. They are worried that Bitcoin’s price volatility will actually endanger the state’s finances.
“Imagine if you have savings and decide to invest some of it in Bitcoin. It could soar tomorrow, but what if it plummets?” said one member of parliament who opposed this proposal.
📊 #Solana ETF to Be Next, Pantera Capital Points Out
Solana (SOL) might be the next blockchain to receive its own spot ETF in the U.S., Pantera Capital says in its February 2025 Blockchain Letter issue. Increased developer and economic activity, rapid ecosystem growth and SOL price's robust performance contributed to this optimism.
🔸 Solana ETF: Here's why top VC firm Pantera Capital is optimistic
Solana (SOL), the fifth largest altcoin, is among the most likely next cryptocurrencies to have a spot exchange-traded fund (ETF) green-lit in the U.S. Such conclusion was made by Cosmo Jiang, General Partner, and Eric Wallach, Investment Analyst of leading crypto VC Pantera Capital in their Headwinds Becoming Tailwinds report of February 2025.
💬 "We also believe Solana is among the most likely next digital assets to have an ETF. It has strong fundamentals that undergird a positive investment case, is a widely traded digital asset on large reputable exchanges that can be monitored, and its ownership is widely… — Pantera Capital
According to them, Solana (SOL) evolved into a dominant smart contracts platform since it became the leader in attracting new developers, processed the largest volume of DEX trading and started surpassing Ethereum (ETH) in generated fees.
Pump.fun mania contributed to Solana's (SOL) leadership in new tokens creation: In Q4, 2024, over 90% of new tokens appeared on this blockchain. Solana (SOL) welcomed the largest number of AI agent tokens and DeSci cryptocurrencies.
In terms of developer adoption, Solana (SOL) steals the spotlight: It onboarded 7,625 new developers in 2024 compared to Ethereum's 6,456 devs.
Also, Solana (SOL) generated 37% more revenue (transaction fees + MEV tips) compared to its oldest rival Ethereum (ETH). In 2024, Solana (SOL) raised a whopping $5 billion in revenue.
Pantera Capital recalls that the U.S. SEC has to announce its final verdict on four potential Solana ETFs — by Bitwise, Canary, Grayscale and VanEck
📈 $XRP price jumps 17%, Open Interest breaches $4 billion
Ripple’s native crypto, XRP, decoupled from the heavy selling pressure emerging in the market due to the failure of Bitcoin to regain $100K. XRP turned out to be one of the biggest gainers of the day, while other major cryptos printed red indexes or gained marginally. Fueling future Open Interest suggests a major move is yet to come.
This happened when the US Securities and Exchange Commission (SEC) accepted the fillings from Grayscale to list spot XRP exchange-traded funds (ETFs). However, the crypto asset manager also got acknowledgment over its Dogecoin ETF filing, leading DOGE price to jump by 5%.
🔸 ETF buzz sends XRP to $2.7
As per the data shared by Coinglass, XRP Futures Open Interest surged by more than 16% in the last 24 hours to hit the $4.18 billion mark. Its derivatives volume spiked by almost 80% to knock the $11.85 billion. An ETF filing update has brought the traders back into the speculation games, anticipating how high the XRP price can go now.
XRP price jumped by over 17% in the last 24 hours which depicts the enthusiasm among the investors. This surge has helped Ripple’s native crypto wipe out the recent losses. XRP price is up by 12% in the past 7 days while Bitcoin price dropped by 2% in the same period. XRP is trading at an average price of $2.69 at the press time. Its 24-hour trading volume is up by 48% to stand at $8.09 billion.
Coinglass data shows that more than $14.7 million worth of long and short bets set on XRP price action got liquidated in the past 24 hours. Around $10 million worth of liquidated positions (66%) turned out to be short bets. This suggests that the traders were expecting Ripple’s native crypto decline to continue, meanwhile, the ETF update has reversed the anticipation.
🔸 Ripple CEO hints at policy shift in DC
XRP’s move to hit a 2-week high of $2.75 has given major bullish hopes to its holders. On the other hand, Ripple has been caught moving 300 million XRP (approx worth $822 million) to an unknown address “rP4X2”.
📊 #Bitcoin ETFs Hit Hard With $171 Million Outflows on Valentine's Day
Valentine’s Day was not filled with love for the Bitcoin ETF market, as fresh data exposed some surprising numbers. On Feb. 14, exchange-traded funds reported a negative net flow of 1,765 BTC, which equates to about $171.06 million, according to Lookonchain.
Fidelity, one of the more prominent players in the market, saw 982 BTC leave its Bitcoin ETF, valued at about $95.21 million. While the company still holds a sizable 207,542 BTC - worth $20.11 billion - these outflows raise questions. Are these temporary blips or is something more substantial at play?
This is the fourth day in a row in which, since Feb. 10, about $650.76 million have been out of Bitcoin Spot ETFs. As things stand, cumulative total net inflow still stands at $40.05 billion, and the total net assets are worth $112.49 billion in Bitcoin.
💬 Feb 14 Update:10 Bitcoin ETFsNetFlow: -1,765 $BTC(-$171.06M) #Fidelity outflows 982 $BTC ($95.21M) and currently holds 207,542 $BTC($20.11B).9 #Ethereum ETFsNetFlow: -5,514 $ETH(-$14.89M) #Grayscale (ETHE) outflows 11,375 $ETH($30.71M) and currently holds 1,304,767… — Lookonchain (@lookonchain) February 14, 2025
What the tendency is there is unknown. The market balances between good news like Coinbase's report with $2.27 billion revenue and 179% quarter-to-quarter growth of fees - these all indicated the increase in the cryptocurrency market and the inflow of new capital.
🔸 On the other hand, we have suddenly high CPI and "tariff war."
Ethereum ETFs, too, have been feeling the pressure. A net outflow of 5,514 ETH, or around $14.89 million, was recorded, with Grayscale’s ETHE taking the biggest hit, losing 11,375 ETH. As it stands, Grayscale holds 1,304,767 ETH, valued at $3.52 billion.
⭐️ $TRUMP Coin Price Pumps as Pundits Target a 400% Surge
Explore why the Trump coin price has surged and why some crypto pundits expect it to surge by over 400% to its all-time high.
The Trump Coin price formed a God candle on Friday as crypto investors bought the dip. It surged to its highest point this month, a price action that mirrored that of other Solana meme coins like Popcat and Dogwifhat. So, can the TRUMP price surge to its all-time high as some crypto pundits predict?
Some crypto pundits believe that the Trump coin price may have bottomed, a move that may push it to a record high. A surge from the current $20 to $100 would signal a near 400% surge.
Another crypto pundit pointed to more smart money inflows into the coin as a bullish catalyst. He expects Donald Trump’s World Liberty Financial to start buying the coin. His Trump Media has also said that it will start a crypto strategic reserve, which could involve acquiring TRUMP tokens.
Meanwhile, Rose Premium Signals delivered a Trump Coin price forecast with a $51 target, citing the falling wedge pattern.
“TRUMP has successfully bounced from the accumulation zone after forming a falling wedge pattern. This breakout suggests strong bullish momentum, indicating a potential move towards key resistance levels.”
On-chain data shows that investors are buying the Trump meme coin. Two traders bought tokens worth over $10 million in the last 24 hours. 2 of them opened orders and two others bought tokens worth over $1 million.
The hourly chart shows that the Trump meme coin price has rebounded recently. It retested the crucial resistance at $20.6 on Friday. This was a notable level since it was the upper side of the cup and handle pattern, a popular continuation sign. It was also along the 38.2% Fibonacci Retracement level.
The depth of this cup is about 32%. Therefore, a clear break above that price will see it jump to $27. This notable price coincides with the 78.6% retracement point at $27.
🪙 SEC moves forward with weighing proposals for Grayscale's $XRP and $DOGE ETFs
The U.S. Securities and Exchange Commission has acknowledged Grayscale's proposal for a Dogecoin exchange-traded fund and is asking for public comments.
In a 19b-4 form posted on Thursday acknowledging NYSE Arca's filing, on behalf of Grayscale, the SEC asked for those comments to be filed 21 days after being published in the Federal Register. Following that, the SEC could decide to approve, disapprove or "institute proceedings."
A 19b-4 filing is the second part of a two-step process for proposing a spot crypto ETF. Once the SEC acknowledges the filing, it will be published in the Federal Register, initiating the agency's approval process.
Grayscale launched the Dogecoin Trust in late January and said the token has "transitioned from a memecoin of a Shiba Inu to a tool for global financial inclusion, grassroots activism, and a viable means of payment," the firm previously said.
DOGE is the eighth largest cryptocurrency, according to The Block's price page. It was created as a fun alternative to bitcoin and billionaire Elon Musk has become one of its biggest fans.
Also on Thursday, the agency acknowledged NYSE Arca's 19b-4 form, on behalf of Grayscale, for the Grayscale XRP +3.58% Trust.
Over the past several weeks, multiple firms have proposed a variety of crypto ETFs from Solana to Dogecoin to see if the SEC will sign off. The agency has turned a regulatory leaf following former SEC Chair Gary Gensler's leave last month — Gensler had been skeptical of crypto, calling most cryptocurrencies securities.
The SEC previously approved the listing of spot Bitcoin ETFs in January 2024 and, later that year, spot Ethereum ETFs.
🔴 $RENDER Shows Potential for Breakout, Targeting $44.76
The Render Token ($RNDR), trading against Tether (USDT), is currently consolidating within a defined range on the weekly chart, showing signs of potential for a breakout. Recent technical analysis suggests that if the token manages to surpass the $9.66 to $11.00 resistance range, it could move towards a significant price target of $44.76. The breakout is expected to lead to a substantial upward movement, presenting potential opportunities for traders and investors.
📊 NEUTRAL: #RENDER | RENDER | 1WRNDR/USDT is consolidating within a range and may break out towards $44.76 if it surpasses the $9.66 – $11.00 range, with critical support at $3.35 – $4.15. Precision exchanges: — Crypto | #1 Free Signals (@best_analysts) February 13, 2025
According to@ best_ analyst, At present, RNDR/USDT is consolidating within a relatively narrow price range, between the key levels of $3.35 and $4.15, which are considered the critical support levels. These support zones indicate areas where demand for the token is strong enough to halt further downward movement, providing a foundation for future growth.
As the consolidation continues, the token is likely to face resistance in the $9.66 to $11.00 range. This zone is essential for determining whether RNDR can break out of its current pattern. A successful breakout past these levels would be seen as a significant bullish signal, with many analysts projecting a swift move toward the $44.76 price target.
🔸 The Path to $44.76 and Market Outlook
Looking at the broader chart, the technical indicators suggest that if RNDR can breach the resistance zone, the price could quickly escalate toward the $44.76 level. This price target is based on the projected path of the token as it moves through the immediate supply zone. If the token successfully navigates the consolidation phase and manages to break out of this crucial range, it could trigger a significant rally, potentially marking a new high for $RNDR.
🔵 #Ethereum is at ‘peak bearishness’ and faces tipping point: Tyr Capital co-founder
Tyr Capital’s Ed Hindi says sentiment around Ethereum is at rock bottom, which is making a near-term reversal more likely.
Ether’s sentiment has likely hit rock bottom, which makes a near-term price reversal more likely, according to Ed Hindi, the co-founder of Swiss investment firm Tyr Capital.
“Ethereum has reached peak ‘bearishness’ and is now at a tipping point,” Hindi said in a Feb. 13 market report.
🔸 Ether could retest $4,000 in coming months
“Weak hands have been flushed out of the market,” Hindi said.
He added the current Ether market feels like Bitcoin did before spot exchange-traded funds (ETFs) for the cryptocurrency launched in the US in January 2024.
Hindi said he expects that institutions holding Bitcoin will start to add ETH to their portfolios.
#ETH is trading at $2,673 at the time of publication, down 0.64% over the past seven days, according to CoinMarketCap.
Unchained podcast host Laura Shin said Ether’s weak sentiment is clear. She noted that Ethereum founder Vitalik Buterin’s comment to “make communism great again” has drawn more attention than the news that 21Shares is asking for staking to be added to its spot Ether ETF.
Ether jumped 3.5% to $2,776 an hour after 21Shares’ filing on Feb. 12, but it erased all those gains within 24 hours.
Crypto analyst Johnny told his 808,000 X followers that it is “honestly comical at this point that ETH has completely retraced its ETF staking pump.”
Meanwhile, Tyr Capital’s Hindi said he wouldn’t be surprised if Ether surged to $4,000 in the coming months and hit new all-time highs of $5,000 in 2025 — representing gains of 49% and 86% from its current price, respectively.a
Several crypto commentators echoed Hindi’s sentiment, predicting ETH would see a price uptick soon.
Crypto trader Crypto Mister said in a Feb. 13 X post, “It’s only a matter of time before the ETH reversal.”
🟡 Why #Dogecoin Price is Set to Explode According to This Analyst
Dogecoin price may be set to explode soon, according to one prominent analyst.
“This may be your last chance before exploding to the upside!!” Highly followed market analyst “CobraVanguard” wrote about DOGE in a recent TradingView idea.
The analyst shared the memecoin’s daily chart, showing that it had retested a support level, coinciding with the 0.382 Fibonacci level that saw it bounce to highs of $0.43408 in January 2025. He had also predicted this initial January price bounce, albeit with a higher $0.47 target.
Citing the recent retest of this same level, CobraVanguard asserted that DOGE could surge to $0.32 and then $0.60, aligning with the 0.618 and 1.272 Fibonacci levels, respectively.
Dogecoin bounces on key support level on daily timeframe Source CobraVanguard
At the time of writing, these targets respectively represent 25% and 134% gains from the memecoin’s current price of $0.2569
Beyond the support level retest, the analyst also highlighted the appearance of a bullish divergence on the moving average convergence/divergence (MACD), used to identify price trends and entry points.
Meanwhile, CobraVanguard is not the only analyst to suggest that a potential #DOGE rally will leave many behind.
🔸 “DOGE Season”
“Trader Tardigrade” recently asserted that the memecoin was in the middle of what he termed “DOGE Season,” adding, “You can’t chase it once it starts moving.”
The analyst made this claim, highlighting DOGE’s historical bull market performance. It has typically experienced an explosive rally punctuated by a months-long correction.
Indeed, the memecoin appears to be the throes of such a correction. The asset has dropped about 58% from highs of about $0.48434 to lows of $0.20178.
📣 Arbitrum plunges: how low can $ARB go amid heavy sell-offs?
Arbitrum (#ARB ) has been under immense selling pressure, with its price tumbling 31.67% in the past month.
In the last 24 hours alone, the token has shed another 4.44%, signalling a worsening market outlook.
The sharp decline has placed ARB in a precarious position, with analysts warning that it could soon hit a lifetime low.
Several market dynamics, including increased selling by large holders, shorter holding periods, and a surge in transaction activity, have compounded the downward trend.
As concerns grow, investors are closely watching key support levels to gauge whether ARB can recover or if further losses are imminent.
🔸 Rising active addresses signal increased sell-offs
Blockchain data indicates that Arbitrum’s network activity has increased significantly, but this surge has not translated into bullish momentum.
Since 1 February, the number of active addresses has climbed from 224,000 to 262,000, reflecting heightened on-chain interactions. While a rise in active addresses often signals greater adoption, in ARB’s case, it is linked to increased sell-offs.
The Average Time Held of Coins Transacted, a crucial metric measuring how long holders retain their assets before selling, has plunged 79.96% in the past month.
Currently, ARB is being held for an average of just two weeks before being offloaded. This rapid turnover suggests waning confidence in the token, with many traders exiting their positions rather than holding for long-term gains.
On-chain data also shows that 12.41 million ARB tokens have changed hands in recent weeks, and this figure is expected to rise as selling pressure remains elevated.
🔸 Whale activity fuels further downside
Large investors, commonly referred to as whales, have played a significant role in ARB’s recent decline.
Data from IntoTheBlock reveals that institutional-sized holders have been offloading substantial amounts of ARB, intensifying the bearish sentiment.
Cryptocurrency analyst and trader Ali Martinez has revealed that over the past few days, cryptocurrency whales have been quite active, moving around Cardano’s native coin ADA in particular.
🔸 Whales dump 70 million ADA as price surges
Martinez published a chart provided by on-chain data company Santiment, showing that within four days between Feb. 9 to Feb. 13, they have transferred more than 70,000,000 ADA coins.
💬 Whales have moved over 70 million #Cardano ADA in the past 96 hours! — Ali (@ali_charts) February 13, 2025
According to that chart, it was likely a sell-off undertaken by wallets that hold between 10,000,000 and 1,000,000 ADA. This sell-off took place as the ADA price went up by more than 24% between Feb. 9 and 11 earlier this week.
Since then, #ADA has seen a 7% decline, followed by a few roughly 4% drops. At press time, the coin is changing hands at $0.786 – that is, down 3.17% from the Feb. 11 price peak.
🔸 Good times for crypto ahead – Cardano founder
In a recent live chat with the community, Cardano founder Charles Hoskinson touched on the subject of the recent shifts made within the U.S. Securities and Exchange Commission. He said that after the SEC got rid of Gary Gensler, the regulator’s new temporary boss, Hester Peirce (also known as “Crypto mom”), is going to create a commission within the SEC to “fix things” and adopt a crypto-friendly policy.
However, Hoskinson said that he expects it to take from 90 to 100 days to get some basic laws passed that will help make things easier for crypto. Hoskinson believes that stablecoins are going to be the first crypto assets that will fall under clear regulatory rules. After that, the SEC is likely to create an asset classification, per Hoskinson.
💬 Good times ahead for crypto!"The money inflows, trading, liquidity, and investments are looking good."@IOHK_Charles shares optimism on the market’s strength and changes at the SEC.— Cardanians (CRDN) (@Cardanians_io) February 12, 2025