Dogecoin’s Next Move : Breakout Or breakdown ?

The Dogecoin is going through a decisive phase. For several days, its price has fluctuated around $0.33, a key level that draws the attention of analysts and investors.

This threshold rests on a major support line, seen as a barrier against a potential deeper correction. So far, DOGE has been holding, but for how much longer?

According to Trader Tardigrade, a closely followed analyst, the crypto might be in the process of finalizing a “selling climax bottom”, a technical structure that often precedes a bullish reversal.

However, if this scenario is confirmed, it would mark the end of the correction and pave the way for a significant rebound.

Meanwhile, whales are massively accumulating tokens, which strengthens the hypothesis of an imminent recovery.

For DOGE, the stakes are high: preserving its support and triggering a bullish momentum before the market changes direction.

Dogecoin Clings to Its Key Support Line

The Dogecoin is currently in a critical phase where buyers and sellers are vying for a key level. After briefly dropping below $0.27 in December, its price quickly rebounded.

Thus, it formed a structure that Trader Tardigrade described as a “selling climax” in a post on X (formerly Twitter) on January 10, 2025.

This technical pattern, often observed before a bullish reversal, indicates an exhaustion of sellers and a gradual return of buying pressure.

Currently, DOGE is fluctuating around $0.336, a level identified as a strategic pivot point.

According to the analyst, the crypto is undergoing a “secondary test”, a crucial step that allows for the assessment of the support located at $0.315.

Indeed, if this zone withstands attempts to break it, it could serve as a springboard for a bullish recovery.

In this case, a renewed confidence from investors could enhance the positive momentum and pave the way for a new rally in the coming sessions.

#DOGECOİN #DOGE #Memecoins #cryptomarket #Cryptonews

What’s in Donald Trump’s Last Cryptocurrency Wallet Before He Takes Over? “Memecoin Paradise”

New Bitcoin-friendly US President Donald Trump, whose presidential inauguration ceremony on January 20 is eagerly awaited by cryptocurrency followers, has a large amount of assets in his known cryptocurrency wallets.

Trump also owns a significant amount of memecoins, according to data provided by Arkham Intelligence.

However, it is not known whether the new President owns Bitcoin or how much BTC he has. Existing cryptocurrency wallet addresses on the Ethereum network are closely monitored by the community.

Here are the cryptocurrencies owned by Donald Trump, according to onchain data:

TROG – $8.61 millionTRUMP – $1.66 millionETH – $1.61 millionWETH – $1.55 millionGUA – $538,000TRUMPIUS – $176,000TUA – $128,000RIO – $74,000USACOIN – $49,000INJ – $35,000

However, it should not be forgotten that the assets other than ETH among the cryptocurrencies in question were sent to Trump by the developers of these altcoins, and were not purchased by Trump.

A significant portion of the ETH comes from sales of Trump’s NFT collection, which he launched a while ago.

#Trump #cryptocurrencies #Crypto #cryptomarket #Cryptonews

Re-Accumulation and RSI Trends Fuel Altcoin Market’s Long-Term Growth Potential

Altcoin market cycles show consistent growth, marked by double-bottom formations, re-accumulation phases, and RSI momentum shifts.

Re-accumulation phases in 2016, 2020, and 2024 signal structural bottoms, highlighting the market’s long-term growth potential.

Historical patterns emphasize that altcoin market growth consistently follows higher lows and breakout trends after consolidation.

The altcoin market capitalization reveals consistent cyclical patterns, reflecting accumulation, consolidation, and growth phases.

From 2015 to 2024, the market exhibits recurring trends, marked by double-bottom formations and strategic re-accumulation phases.

These cycles emphasize the market’s long-term growth potential, overshadowing short-term volatility.

Cyclical Patterns Drive Market Dynamics

In 2015, the altcoin market reached a structural base through a double-bottom pattern with higher lows.

This accumulation phase transitioned into re-accumulation in 2016. Consolidation during this period preceded a strong upward breakout, resulting in substantial market cap growth.

Similarly, between 2018 and 2019, the market repeated the double-bottom structure, establishing another bottom.

This pattern led to a re-accumulation phase in 2020, followed by a rally.
Market capitalization surged during this period, mirroring the 2015-2017 cycle.

The 2022-2023 period showcased yet another double-bottom pattern, affirming the structural bottom of the market.

Consequently, 2024 entered a re-accumulation phase, indicating potential for another breakout. The yellow-shaded areas on the chart highlight these periods of consolidation.

RSI Momentum Supports Trends

The Relative Strength Index (RSI) further validates these cycles. In 2015, the RSI hit its lowest point during accumulation. It then surged alongside the market breakout. A similar pattern emerged in 2018-2020, as RSI momentum increased after re-accumulation.

#Altcoins #cryptocurrencies #cryptomarket #Crypto #Cryptonews

Litecoin and VeChain Could Deliver Huge Gains as Market Prepares to Rebound

As the cryptocurrency market begins to show signs of recovery, some digital assets are drawing attention for their potential to deliver significant gains.

Litecoin and VeChain are among those that analysts believe could offer substantial returns during the upcoming market rebound.

With momentum building, these cryptocurrencies may benefit from increased investor interest as the market shifts towards growth.

According to ChangeNOW, transaction volumes for Litecoin and VeChain have surged, which is a sign of an increased interest in these coins from large investors.

Litecoin Shows Bullish Momentum with Eyes on $128 Resistance
Litecoin’s price fluctuates between $103 and $122, indicating steady growth. The nearest resistance level is at $128, with support around $90.

The 10-day and 100-day simple moving averages hover near $105, pointing to stability. A positive MACD of 0.50 suggests bullish influence in the market.

Although there’s a slight dip over the past week and month, the price has surged by nearly 50% in the last six months.

Breaking through the $128 resistance could see Litecoin reaching the next level at $147, offering potential gains of over 20%.

Current indicators hint at a favorable setup for Litecoin, which is available on ChangeNOW without registration or hidden fees.

VeChain Shows Potential for Growth Amid Market Fluctuations
VeChain (VET) is trading between $0.0431 and $0.0556.

In the past month, the price has dipped by 18.67%, but over six months, it has grown by 56.87%.

The Relative Strength Index (RSI) stands at 52.28, indicating neutral momentum.

The nearest resistance level is at $0.0611; breaking this could push the price toward $0.0737.

The 10-day Simple Moving Average is $0.0454, slightly below the 100-day average of $0.0476, suggesting a possible upward trend if the price moves above the longer-term average.

#Litecoin #Vechain #Altcoins #cryptomarket #Cryptonews

Cardano Price Recovers With 9% Gains In 24 Hours, What Next?

Cardano (ADA) price experienced a sharp 7% decline a couple of days back, but has now emerged with nearly 9% gains in 24 hours’ span.

At the time of writing Cardano was trading at $1. In the recent days, Cardano has witnessed significant whale activity.

In fact, Thursday’s price decline had coincided with a sell-off by whales, who had offloaded over 70 million ADA tokens within 48 hours.

And the selling pressure had added to the downward momentum and intensified market uncertainty for ADA.

Market analyst Ali Martinez, highlighted this whale activity in a recent post on X. He noted that large investors, holding between 100 million and 1 billion ADA tokens, reduced their holdings significantly.

The market reaction to this activity has been reflected in ADA’s price performance, testing key support levels and raising concerns among traders.

Whale Activity and Cardano Price Trends

In the recent past, patterns of whale activity have been seen to be well associated with the changes in ADA prices.

Whale holdings, shown in the chart by a red shaded area, have been gradually decreasing since December 19 with a sharp decline on January 7, 2025.

This has led to reduced selling pressure especially on ADA since there are fewer large holders of the asset.

The price of Cardano seemed to be stable in late December 2024 even as the number of whales was gradually decreasing.

Nonetheless, ADA holdings reduced drastically on 7th January at the same time price plunged which has dragged ADA to its present value of $0.9146.

This means that the large scale whale sell off may be depressing the Cardano price by flooding the market with ADA tokens.

The cryptocurrency is now moving towards its support area of $0.90 – $0.92, which could become a consolidation territory if bears stop pushing the price down.

Nonetheless, more outflows from whales may worsen the situation, while a change of course from whales may help the situation.

#Cardano #whale #ADA #cryptomarket #Cryptonews

Token Unlocks to Watch Next Week: STRK, SEI and More

Token unlocks release previously restricted tokens tied to fundraising agreements. Projects schedule these events strategically to limit market pressure and stabilize prices.

Here are five large token unlocks scheduled for next week.

Starknet (STRK)Unlock date: January 15Number of tokens unlocked: 64 million STRKCurrent circulating supply: 2.41 billion STRK
Starknet is building a ZK-Rollup Layer-2 solution to enhance the scalability of decentralized applications on Ethereum.

After completing a successful funding round, the team launched the STRK token, a key element in decentralizing the network.

On January 15, the project will unlock 64 million STRK tokens, allocating them to investors and early contributors.

Sei (SEI)Unlock date: January 15Number of tokens unlocked: 55.56 million SEICurrent circulating supply: 4.20 billion SEI
SEI is a blockchain platform designed to provide high-performance infrastructure for decentralized finance (DeFi) and other decentralized applications (dApps).

Built on the Cosmos SDK, SEI operates as a Layer-1 blockchain with a strong focus on speed, scalability, and user-centric features.
On January 15, the project is set to release over 55 million SEI tokens allocated to its team members.

Arbitrum (ARB)Unlock date: January 16Number of tokens unlocked: 92.65 million ARBCurrent circulating supply: 4.21 billion ARB
Arbitrum, developed by Offchain Labs, is a leading Layer-2 solution for Ethereum. Launched in August 2021, it has backing from Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Mark Cuban, and Coinbase.

Next week, Arbitrum will unlock 92.65 million ARB tokens, worth approximately $68 million. These tokens are allocated to the team, advisors, and investors, marking a significant event for the ecosystem.

Apecoin (APE)Unlock date: January 17Number of tokens unlocked: 15.60 million APECurrent circulating supply: 721.44 million APE

#TokenUnlock #token #Altcoin #cryptomarket #Cryptonews

Shiba Inu (SHIB) Predicted To Reach 3.5 Cents, Here’s When

The Shiba Inu (SHIB) market has been quite volatile throughout 2024. But the meme coin’s uptick during the final months of the year led to the community believing in SHIB’s potential to move beyond the 1 cent mark.

The asset has surged by 127% over the past 12 months. With the upcoming launch of the much-awaited TREAT token, the market believes that Shiba Inu could surge as high as 3.5 cents. The real question is if this is possible to achieve over the next couple of months.

Shiba Inu’s Slow Yet Steady Recovery

Over the past 24 hours, several assets in the market managed to witness an uptick. Shiba Inu was one among them. The meme coin surged by 2.66%. During the time of writing, the asset was trading at $0.00002168.

It should be noted that the second-largest meme coin is currently 75% below its all-time high. Shiba Inu surged to a high of $0.00008845 about three years ago in 2021.

In order to reach 3.5 cents, SHIB has to rise by 161,324.85%. While this seems like a long shot for the meme coin, Shiba Inu could reach this price level in a couple of years.

Will 3.5 Cents Turn Into Reality Soon?

According to data from Telegaon, Shiba Inu will reach the much-awaited 1-cent milestone only in the year 2040. The meme coin will surge to 3.5 cents in the same year.

While this may seem like a long wait, things could get better for the network sooner rather than later. The SHIB ecosystem has several plans for the next couple of years.

The asset is expected to benefit from the rising utility of the network. In addition, the meme coin has surged by 26550570.4% over the past four years. This is a testament to SHIB’s potential growth in the future
#shibainu #shibainucoin #SHİB #cryptomarket #Cryptonews

Financial Advisors Struggle to Keep Up as Crypto Interest Grows Among Clients — New Survey

A growing number of financial advisors recognize the potential of cryptocurrency investments, yet many clients are left to navigate the market independently due to access barriers.

A recent survey conducted by Bitwise Asset Management and ETF data provider VettaFi highlights this disconnect, even as interest in digital assets like Bitcoin and Ethereum surges.

The survey, conducted between November 14 and December 20, 2024, gathered insights from over 400 financial advisors.

It revealed that while crypto allocations in client portfolios have doubled year-over-year to 22%, only 35% of advisors have the ability to invest directly in client accounts.

This lack of access continues to impede broader adoption within the advisory sector.

The data also underscores the growing trend of clients bypassing advisors for crypto investments. A striking 71% of advisors reported that some or all of their clients are independently investing in cryptocurrencies.

Despite these challenges, enthusiasm for crypto within the advisory community is gaining momentum.

Matt Hougan, Chief Investment Officer at Bitwise, emphasized the untapped potential:

“Advisors are awakening to crypto’s potential like never before, and they’re allocating like never before.

But perhaps most staggering is how much room we still have to run, with two-thirds of all financial advisors — who advise millions of Americans and manage trillions in assets — still unable to access crypto for clients.”

The survey also revealed that 96% of advisors received inquiries about cryptocurrencies from clients in 2024, indicating widespread interest. Among advisors already exposed to crypto, 99% plan to maintain or increase their allocations in 2025.

Optimism is also growing among those yet to invest, with 19% expressing plans to add crypto exposure in 2025, more than double the figure from 2023.

#Bitcoin #cryptocurrencies #Crypto #cryptomarket #Cryptonews

Standard Chartered Secures License for Crypto Custody in the EU

Standard Chartered, the British multinational financial institution, announced that it had obtained a license to enhance its global digital asset offerings and provide cryptocurrency custody services to clients within the European Union from its base in Luxembourg.

Laurent Marochini, who previously served as the Head of Innovation at Société Générale, has been appointed as the CEO of Standard Chartered Luxembourg. Expressing his enthusiasm for this new role,

He stated,
“It is an honour to join the leading international bank, Standard Chartered Luxembourg as CEO. I am fully committed to delivering excellence for our clients, team and stakeholders.”

Margaret Harwood-Jones, the global head of financing and securities services at Standard Chartered, expressed excitement about the development, emphasizing the bank’s commitment to providing institutional clients with seamless access to the digital asset ecosystem.

This move comes as the European Union implements its Markets in Crypto Assets (MiCA) regulation to standardise digital asset operations across the bloc.

The landmark regulation, which came into full force on December 30, makes the EU the first major jurisdiction to establish a comprehensive regulatory framework for the crypto-assets sector.

The institution is optimistic about Bitcoin’s future, predicting that the cryptocurrency could reach $250,000 before stabilizing around $200,000.

The bank provided specific conditions for this prediction, such as spot ETF inflows hitting $75 billion or reserve managers starting to acquire Bitcoin, potentially as early as 2025.

In a related development, OKX named Standard Chartered the third-party custodian for its institutional services.

According to Lennix Lai, OKX’s Global Chief Commercial Officer, this collaboration aimed to enhance the exchange’s institutional services by leveraging Standard Chartered’s extensive cross-border banking capabilities.

#standardchartered #Bitcoin #cryptomarket #cryptocurrencies #Cryptonews

SUI outshines Solana on the price font – Is $6 the next target?

Sui [SUI] outperformed Solana [SOL] by 30% in early January, continuing a trend that began last September.

This reinforced SUI’s position as a strong competitor in the layer 1 space. In fact, its remarkable traction has gotten the attention of some SOL investors like Rauol Pal.

Since the November elections in the U.S, SUI has outperformed SOL by 166%. Simply put, SOL investors would have been better off holding SUI over the past three months.

SUI network activity soarsThat being said, SUI’s recent rally was also marked by strong network growth. In early January, the gas consumed soared from 16k to over 21k, indicating an uptick in transactions within Sui’s network.

Similarly, active addresses increased from 590k to over 770k in less than two weeks—A 30% increase. With such an uptick in network activity and demand, SUI’s price jumped by 30% to $5 and still held some New Year’s gains.

On the price chart, the altcoin chalked an ascending channel, with traders now targeting the range of highs and lows for entry and profit-taking.

If the channel holds over the next few weeks, SUI could slowly climb to $6 or above.

In fact, a recent random X poll indicated that some users expect the altcoin to flip Cardano [ADA] by February.

Currently, ADA is ranked as the ninth largest crypto by market cap with figures of about $32 billion. SUI was 11th with $15 billion, about half of ADA’s market size. Assuming ADA’s traction remains constant, SUI has to double its current value to +$10 to flip it.

Worth noting, however, that Coinglass data revealed that 57% of top traders’ positions in the Binance exchange were betting on SUI’s upswing. If the market sentiment improves, bullish sentiment could fuel altcoin traction.

#SUI #Solana #SolanaMemeCoins #CryptoMarketAlert #Cryptonews