Whale Alert, a known crypto tracking account, revealed on X three large transfers involving Dogecoin. The total transfers were for 312,375,048 DOGE, worth approximately $60 million, which were done in three transfers at equal amounts. The Whale Dogecoin Transfers to Coinbase The coins were sent to Coinbase, a leading cryptocurrency exchange, after previously being in unknown wallets. This kind of activity often catches the eye of investors. It shows that large holders, often called “whales,” are shifting their Dogecoin around. The first transfer was reported at 8:40 PM WAT. Within the same hour, two more identical transfers followed. Each post by Whale Alert included a link to the transaction details. Seeing such large amounts move to Coinbase might mean someone is preparing to sell their holdings. Such whale movements are not unique to Dogecoin. Recent ecosystem trends like institutional Bitcoin acquisitions show how large holders actively reshape market dynamics. DOGE… Read More at Coingape.com
The Pi Network team has issued a reminder about a crucial step that users need to take as part of the mainnet migration requirement. This has led to speculations that the team might be planning something huge for community members. Pi Network Drops Mainnet Reminder In an X post, the Pi Core team addressed Pioneers
Aligning with the broader crypto market trend, Cardano (ADA) and Dogecoin (DOGE) are showing signs of a potential rebound, with analysts remaining bullish. The crypto market is currently on an upward trajectory, with the total market cap reaching $2.66 trillion, representing a modest 0.83% surge. Both Cardano and Dogecoin have demonstrated resilience despite their recent downturn.
Cardano (ADA) Shows Signs of Recovery; Learn More
Over the past few days, Cardano (ADA) has been experiencing a downtrend, sparking caution among investors. Last week, Cardano plummeted to a monthly low of $0.5165 and continued to trade in the negative zone.
However, ADA, in line with the broader crypto market resurgence, has managed to recover from the bearish trend, sparking optimism. Analyst AMCrypto shared a bullish forecast for ADA, positing that the altcoin holds a short-term target of $0.7.
According to AMCrypto, Cardano is currently positioned at its short-term support trendline, presenting a critical juncture for potential price movements. For a reversal to unfold, ADA would need to achieve a 4-hour candlestick close above $0.67, a level that could signal a shift in market sentiment.
Geopolitical Factors To Impact Investor Confidence
Despite this bullish outlook, AMCrypto presents a few factors that could affect investor confidence in ADA. For instance, he stated that broader geopolitical factors, such as the ongoing US-China trade tensions, may impact investor confidence and hinder a breakout. Until these trade dynamics stabilize, ADA’s ability to break through key resistance levels may remain challenging.
Dogecoin (DOGE) Rebounds: Is $2 on Horizon?
As of press time, Dogecoin (DOGE) is valued at $0.1559, up by 2.21%. Though the meme coin plummeted to a severe low of $0.151 last day, analysts and traders remain optimistic about its further moves, especially considering its current positive sentiment.
In a bullish forecast, market expert STEPH IS CRYPTO asserted that DOGE will hit $2 in the next three months. Reinforcing his prediction, other experts like CryptoSurf have also shared optimistic views. According to CryptoSurf, Dogecoin is poised to surge past $1 in the near term.
Source: X, STEPH IS CRYPTO
Will History Repeat for Cardano and Dogecoin?
Cardano is currently trading at $0.6153, with a surge of 1.37%. If history repeats itself, Cardano might be poised for a significant price surge, with April potentially marking the beginning of a major uptrend.
Currently, $ADA is testing a key resistance-turned-support level around $0.60. A successful breakout above the descending trendline could signal a bullish continuation, potentially driving the price toward $1.51.
For DOGE, historical patterns suggest that the meme coin is about to make a bullish rebound, potentially targeting $1 and beyond. According to CoinGape’s Dogecoin price prediction, DOGE will reach an impressive $0.1824687 in 2025.
As the second quarter closed yesterday, XRP’s on-chain activity flashed a bearish signal for holders. The token saw a sharp uptick in the movement of dormant tokens, a trend that signals one thing: distribution.
When long-held coins suddenly become active, it suggests that long-term holders (LTHs) are offloading their assets, possibly in anticipation of downside risks. The question now is whether these holders foresee further declines as Q3 begins.
Dormant XRP Tokens Wake Up — Is a Sell-Off Incoming?
According to on-chain data provider Santiment, XRP’s Dormant Circulation (90 days) metric surged to 387.19 million on Monday, the highest level in three weeks.
This metric tracks the total volume of tokens that had previously remained inactive for at least 90 days but suddenly moved within a 24-hour period. Such a sharp increase signals that LTHs are moving their tokens.
Historically, spikes in dormant circulation have indicated seasoned holders exiting positions, either to take profit or avoid potential losses. This trend therefore puts XRP at risk of noting declines.
Further, after a steady decline that began on June 5, XRP’s Liveliness suddenly reversed course yesterday, climbing to 0.809.
Liveliness measures the movement of long-held tokens by calculating the ratio of coin days destroyed to the total coin days accumulated. When it declines, it indicates that LTHs are moving their assets off exchanges and opting to hold.
Converesly, when it climbs, it suggests that more dormant tokens are being moved or sold, signaling profit-taking by XRP LTHs.
XRP Faces Bearish Pressure as Sellers Take Control
On the daily chart, XRP’s negative Balance of Power (BoP) supports this bearish outlook. At press time, this momentum indicator is at -0.62.
The BoP indicator measures the strength between buyers and sellers by comparing price movements within a given period. When it turns negative, sellers are dominating the market, hinting at a potential downtrend.
