Ethereum’s long-awaited Pectra upgrade took a major step forward as its final test went live on the Hoodi test network. This marks a critical phase before the upgrade is officially launched on Ethereum’s mainnet. If all goes well, developers expect Pectra to go live in the next 30 days. With Pectra’s final test in motion, experts believe the ETH price will see a price surge.
Pectra’s Final Test on Hoodi
The Hoodi testnet is the last of three test networks to run the Pectra upgrade. The first two tests, on Holesky and Sepolia, faced technical issues, making this final test crucial.
Meanwhile, Ethereum developers created Hoodi to ensure all bugs were fixed and that Ethereum’s network runs smoothly before the upgrade officially launches. Thus Pectra aims to improve Ethereum’s user experience by introducing smart contract functionality to wallets.
This means users may soon be able to pay transaction fees using cryptocurrencies other than Ether (ETH), making transactions more flexible and user-friendly.
Why Testnets Matter?
Testnets like Hoodi act as practice grounds for major blockchain upgrades. Developers use them to check for bugs and prevent any issues before launching new updates on the main Ethereum network.
If the Hoodi test runs without problems, Pectra will be closely monitored for 30 days before its official launch.
Ethereum Price Outlook
While the network upgrade is gaining attention, Ethereum’s price has also been making waves. Last week, ETH rebounded nearly 7% from the $1,861 support level and is currently trading around $2,025.
IF it maintains this momentum, Ethereum could aim for its March 7 peak of $2,258. However, for this to happen, the Relative Strength Index (RSI) must move past 39 and cross the neutral 50 mark.
Further market sentiment is showing signs of improvement, with Ethereum’s long/short ratio reaching 1.2287, indicating that long positions are outpacing shorts by 55%. This signals strong buying interest, which could help Ethereum maintain its upward trajectory.
Notable Solana meme coins to watch in March include DOGEai (DOGEAI), Official Trump (TRUMP), BONK, AI16Z, and Official Melania (MELANIA). DOGEai has surged nearly 20% in a week, capitalizing on AI and government transparency narratives.
TRUMP could see renewed interest from the White House Crypto Summit, while BONK remains the second-largest Solana meme coin despite a sharp decline. AI16Z is struggling along with the broader AI crypto sector, and MELANIA has faced heavy losses but could benefit from the upcoming political events.
DOGEai (DOGEAI)
DOGEai, an artificial intelligence meme coin, has a market cap of nearly $35 million after rising over 50% in the past two weeks. The project capitalizes on Dogecoin’s popularity, the growing interest in DOGE (Department of Government Efficiency), and the AI crypto trend.
It functions as an autonomous AI agent designed to analyze government spending and policy decisions, providing bill summaries and insights into public expenditures.
If the uptrend continues, DOGEai could challenge resistance at $0.0573, with upside targets at $0.0683 and potentially $0.098 in a strong bullish move.
On the downside, support sits at $0.048, and a breakdown below that level could send the price to $0.029 or even $0.0119.
Official Trump (TRUMP)
The upcoming Trump Crypto Summit, set for tomorrow, could significantly impact Official Trump (TRUMP), a meme coin that has been struggling below $20 for over two weeks. The event could reignite interest in the coin, which has been in a downtrend for several weeks now.
TRUMP was one of the most hyped meme coins at launch, briefly reaching a $15 billion market cap. However, it has since lost over 80% of its value and is now worth $2.7 billion.
If momentum returns, TRUMP could test resistance at $14.4, $17.4, and $20.7, with a strong rally pushing it toward $24.5 for the first time since January 31.
On the downside, continued selling pressure could bring the price to support levels at $12.17 or $11, with a break below $11, making new all-time lows.
BONK
BONK, once the largest Solana meme coin, now holds the second spot after being surpassed by TRUMP, with a market cap of around $983 million.
Despite remaining one of the most relevant Solana meme coins, its valuation has dropped significantly from its $4 billion peak in November 2024. The broader Solana ecosystem has been in a sharp correction over the past 30 days, weighing on BONK’s price action.
If Solana and its meme coins regain momentum, BONK could test resistance at $0.000014 and $0.0000156. A breakout above these levels could push the price to $0.0000197, with a strong rally potentially sending it as high as $0.0000265.
However, if the correction continues, BONK could drop below $0.000012, test $0.0000109, and possibly fall under $0.00001 for the first time since December 2023.
AI16Z
AI16Z, a Solana-based crypto AI agent meme coin, has a market cap of around $315 million. Like the broader AI agent crypto sector, it has been in a sharp correction over the past 30 days, with its price dropping nearly 30%.
Despite this downturn, some AI-related coins have shown signs of recovery in the past week, creating uncertainty around the sector’s next move.
If momentum returns to the crypto AI agents narrative, AI16Z could test resistance at $0.419, with a breakout potentially sending it to $0.627.
On the downside, if the correction continues, the price could drop to test support around $0.25, and a break below that level would push AI16Z to its lowest price since November 2024.
Official Melania (MELANIA)
MELANIA, like TRUMP, could benefit from Trump’s Crypto Summit as investors look for catalysts in political-themed meme coins. Launched on January 19, MELANIA quickly surged to a $2 billion market cap but has been in a steep decline since, dropping 50% in the last 30 days.
The coin has struggled to find support, trading below $1 for more than a week and hovering near its all-time lows.
A strong rebound could push MELANIA to $0.94 and $1.296, with further momentum driving it to $1.39 and potentially $1.61 for the first time since February 6.
On the downside, if the selloff continues, MELANIA could break below $0.795 and $0.763, with a drop under $0.7 setting new record lows.
Bitcoin (BTC) has faced a challenging start to 2025, recording its worst quarterly returns in seven years during Q1.
This significant downturn has left investors questioning whether now is the time to buy or sell.
Bitcoin’s Q1 Performance: A Seven-Year Low
Bitcoin’s performance in Q1 2025 has been its weakest since 2018, a year marked by a brutal bear market that saw BTC lose over 50% of its value. Data from Coinglass shows that Bitcoin’s performance in Q1 2025 has decreased by 11.82%. In Q1 2024, Bitcoin recorded an increase of more than 68%.
According to a March 31, 2025, Bitcoin’s price has declined from $106,000 in December 2024 to around $80,200 by late March 2025.
This drop reflects a combination of macroeconomic pressures and policy uncertainties, particularly following US President Donald Trump’s new tariff policies.
Amid this bearish backdrop, on-chain data reveals a contrasting trend: Bitcoin whales are accumulating. A post from Santiment on X, dated March 31, 2025, reported that the number of whale addresses holding 1,000 to 10,000 BTC has reached 1,993.
This is the highest since December 2024. This represents a 2.6% increase over the past five weeks, signaling growing confidence among large holders.
Bitcoin whale wallets continue growing in number. Source: Santiment
Glassnode reported on March 31, 2025, that trading activity among Bitcoin holders with a 3-6 month horizon has dropped to its lowest level since June 2021. This decline indicates that short-term holders either hold steady or exit the market, reducing selling pressure.
“Spending from BTC holders is at the lowest levels since mid-2021. This inactivity reinforces the idea that recent top buyers are holding their positions rather than exiting, despite recent volatility.” reported Glassnode.
Additionally, on the same day, Bitcoin’s supply on exchanges fell to 7.53%, the lowest since February 2018. Low exchange supply often correlates with long-term holding behavior, creating scarcity that can drive prices higher over time. Together, these metrics suggest that Bitcoin may be entering a phase of accumulation and consolidation.
Market analyst Axel Adler Jr. stated on X on April 1, 2025, that Bitcoin’s selling pressure has been exhausted. Adler predicts a consolidation range forming in April and May, suggesting that the market may stabilize before its next significant move.
Fidelity Research believes Bitcoin is gaining momentum for the next stage of its “acceleration phase.” Fidelity’s analysis draws on historical cycles, noting that periods of consolidation often precede major price increases. It is driven by institutional adoption and Bitcoin’s role as an inflation hedge.
This aligns with the whale accumulation trend and the decreasing exchange supply, pointing to potential upward momentum in the medium to long term.
Dogecoin (DOGE) price maintained its position above $0.18 support after showing a 5% market boost during the last day. Over the past seven days DOGE gained 10% of its value as its daily chart showed a breakout from a downward rising pattern. Market analysts predict Dogecoin will sustain its current bullish trend toward reaching a value of $3 during its upcoming third cryptocurrency cycle.
Is Dogecoin Price Poised To Reach $3 In Its Third Cycle?
Crypto experts predict a major increase in Dogecoin price based on their positive assessment of its market potential. The current market position of Dogecoin matches its third major bull cycle according to analysts because it has gained more purpose and support throughout the market. His analysis of previous price cycles indicates a potential price increase of up to 1,160% that could surpass $2.28 and climb even higher.
Market experts have noted that DOGE price demonstrated significant price growth during previous market cycles. According to his analysis, the coin may grow more than 12 times its current value if it follows previous cycle patterns. During the ongoing third cycle, numerous investors follow Dogecoin to observe its potential reach higher.
Another analyst through X predicted Dogecoin price would experience future price growth with potential peaks ahead.
A price history chart for Dogecoin spans from 2014 to 2025, according to a tweet published by Trader Tardigrade. The provided chart demonstrates an increasing price trend with important marks shown as red arrows that represent major price shifts.
The analyst indicates that the cryptocurrency has a strong potential for substantial growth throughout the upcoming years. Dogecoin traders should track current patterns since such data may indicate future price increases for the digital currency.
Will DOGE Price Hit $0.3 By This Week As Bullish Gain Momentum?
The price of DOGE has experienced a significant upward trend to reach $0.1833 while demonstrating a 5% rise throughout the last day.
The current market momentum shows increasing potential due to the BTC price remaining above $88k and ETH above $2k. The market continues to climb after meme coins increased in volume while investors speculate about a DOGE ETF.
Dogecoin price stands at resistance points that became significant obstacles in its price action. The price currently encounters resistance of nearly $0.21 as this point becomes vital to sustaining optimistic market trends.
Breaking this resistance level may trigger DOGE to explore new key points at $0.22 before potentially reaching $0.25 in the upcoming months. If DOGE reaches $0.3 it could experience a 60% increase.
An analysis of the Chaikin Money Flow (CMF) shows 0.19 as its current value, which represents a positive movement of funds for DOGE. The MACD indicator shows an upward trend as it crosses the signal line from below. An upward movement of Dogecoin price may continue based on the existing trend pattern.
The downside support for Dogecoin exists at $0.17 and $0.15 which bears could force Dogecoin price prediction to reach those levels.
To sum up, The third generation of the Dogecoin price shows promising signs for reaching the $3 level. The present market conditions indicate the currency could experience substantial growth beyond projected values.
