Most of the altcoins are trying hard to make a strong comeback after the latest pullback from their respective local highs. Meanwhile, the Dogecoin price continues to maintain a strong descending trend after the rejection from the local resistance zone close to $0.2. While Bitcoin & Ethereum prices are closely consolidating within a narrow range, aiming to trigger a rebound above the bearish range, DOGE price seems to be losing its grip over the rally. The token is about to erase the gains incurred in the past 30 days, which hints towards the resurgence of a fresh bearish trend.
This raises concerns about whether Dogecoin has a future. Will the cost of 1 Dogecoin reach $0.5 in 2025?
The DOGE price is maintaining a horizontal trade without displaying any strong possibility of a trend reversal. As a result, enough liquidity is accumulated on either side, which suggests the token has entered a decisive phase.
The DOGE price has triggered a rebound before reaching the liquidating zone around $0.164, where the liquidation leverage has surpassed $500 million. Therefore, to reclaim the higher levels, the price is required to liquidate the leverage within this range by plunging below the range. This could squeeze out all the shorts, enabling a significant rebound and a continued upswing. Still, the question remains: Will this help the DOGE price reach $0.2?
The short-term price action of DOGE suggests the price is experiencing tremendous upward pressure after failing to hold above the ascending trend line. The conversion line of the Ichimoku cloud is acting as a strong resistance, without displaying any chance of a bullish crossover. On the other hand, the Stochastic RSI faced a pullback after testing the average range, hinting at the growing dominance of the bears.
Therefore, the Dogecoin (DOGE) price is expected to test the local support at $0.162, which is below the liquidation level at $0.164. This move is expected to cause a short liquidation and trigger a strong upswing towards higher targets, probably at $0.18 initially and later at $0.2.
After months of sluggish price action and sideways consolidation, Dogecoin (DOGE) may finally be on the verge of a meaningful breakout. Recent price movements, technical signals, and broader macroeconomic trends all appear to be converging in DOGE’s favor.
Technical Breakout from Descending Channel
According to analysis, Dogecoin has officially broken out of a descending channel, a formation that has capped price rallies since the beginning of the year. The breakout is further validated by a successful retest of prior resistance, now turned support, suggesting a bullish reversal is underway.
The immediate resistance lies at $0.27, but continued bullish pressure could push DOGE toward $0.39 and even $0.43 in the coming weeks. Meanwhile, support around $0.17 provides a safety net in the event of short-term pullbacks.
Short-Term Price Action and Elliott Wave Analysis
Recent price behavior shows Dogecoin is in a micro-corrective phase, currently holding above a key support zone between $0.17 and $0.1777. This region was previously identified as a micro-support level, and the market has reacted accordingly, hinting that the fifth wave up in an Elliott Wave sequence may be starting.
In the current wave count, analysts identify a potential three-wave move up, with Wave 3 peaking near the 138% Fibonacci extension at $0.196. If this structure holds, Wave 5 could extend toward the 161.8% level at $0.206 or the 178.6% level at $0.213. A confirmed break above $0.185 would strongly mean that the next bullish leg is underway.
However, a decisive drop below $0.17 would cause a temporary delay in the anticipated rally. For now, the pullback appears corrective and shallow, which aligns with an ongoing uptrend.
Macro Trends: Bitcoin, Global M2, and Dogecoin Correlation
Beyond the charts, macroeconomic indicators are adding fuel to the bullish case. One emerging narrative gaining traction among analysts is the correlation between cryptocurrency prices and global M2 money supply — a measure of the world’s money supply that includes cash, checking, and easily convertible near-money.
According to one user, when applying a 110-day offset, there appears to be a consistent pattern between increases in M2 and DOGE price rallies — excluding outlier events like the post-Trump-election price surge.
There has been a lot of talk about the correlation between the price of Bitcoin and the Global M2 money supply. But how about Dogecoin? With a 110 day offset and ignoring the $DOGE price craziness after the Trump election, there is a pattern relationship for when money flows… pic.twitter.com/zoBVGUQHBm
If money continues flowing into assets like Dogecoin as global liquidity expands, especially during the summer, this correlation could become even more evident — reinforcing the bullish technical setup.
The post Dogecoin To The Moon? Price Eyes $0.27 appeared first on Coinpedia Fintech News
After months of sluggish price action and sideways consolidation, Dogecoin (DOGE) may finally be on the verge of a meaningful breakout. Recent price movements, technical signals, and broader macroeconomic trends all appear to be converging in DOGE’s favor. Technical Breakout from Descending Channel According to analysis, Dogecoin has officially broken out of a descending channel, …
Solana surged 7% on Thursday, outperforming major tokens as Canada debuts the world’s first Solana spot ETF on the Toronto Stock Exchange.
Solana ETF Debut on Toronto Exchange Sparks Rally as SOL Surpasses Ethereum, Bitcoin Gains
Solana (SOL) climbed more than 7% on Thursday retaking the $135 resistance level as it outpaced Bitcoin and Ethereum in daily performance.
Solana’s ongoing rally follows the landmark launch of the world’s first Solana spot exchange-traded fund (ETF). The ETF, launched by Purpose Investments, began trading on the Toronto Stock Exchange under the ticker CSOL, signaling growing institutional appetite for Layer-1 blockchain alternatives.
Purpose Investments’ CEO Som Seif emphasized that the fund provides “secure, compliant access” to Solana without the need for investors to manage private keys or engage with decentralized wallets. With Canada leading the charge on regulated digital asset products, the ETF is viewed as a foundational step in mainstreaming Solana exposure across North American financial markets.
The ETF’s launch arrives at a time of dovish central bank signals across global economies, bolstering risk asset sentiment.
As the European Central Bank prepares for its seventh rate cuts this month, Trump mounts pressure on the U.S. Federal Reserve to ease rates, liquidity conditions are turning increasingly favorable for more crypto demand in the weeks ahead.
Solana ETF Reinforces Institutional Credibility as Ethereum Struggles With Momentum
Beyond the immediate price reaction, Solana’s ETF debut is widely seen as a pivotal moment in the Layer-1 DeFi ecosystem battle. Solana is now making structural gains in legitimacy — a domain long dominated by Ethereum following the U.S. approval of ETH-based ETFs in 2024.
Solana total staking deposits, April 2025 | Source: StakingRewards
Since the ETF announcement, on-chain activity has validated bullish sentiment. Staking deposits on the Solana network surged by 2 million SOL—approximately $270 million—between April 13 and April 17, according to data from StakingRewards.
This increased staking deposits effectively removed a significant amount of supply from circulation, which supports the upward price pressure during periods of high market demand.
The recent repeal of a restrictive DeFi framework by President Trump has ingnited demand for other altcoins like Solana. With Ethereum mired in high gas fees and divisive upgrades, Solana is increasingly being viewed as a scalable, low-cost alternative attracting developer and institutional interest alike.
This may explain why Solana price climbed 7% on Thursday, while Ethereum continued to languish below the $1,600 zone.
Solana price forecast indicators flashed a falling wedge pattern on the daily chart, signaling a potential price target near $265—an implied upside of nearly 100% from current levels.
This bullish SOL price prediction emerges after weeks of consolidation within a narrowing wedge formation that began in late January. The breakout above $130, aligned with a decisive candle close outside the upper trendline, confirms the pattern’s validity and invites a measured move based on the wedge’s height.
Solana Price Forecast
More so, Solana price has now reclaimed the 50-day SMA ($130.09), establishing it as short-term support.
The Relative Strength Index (RSI) at 55.59 shows rising momentum but remains below overbought levels, suggesting room for further gains without immediate exhaustion. In a bullish scenario, a sustained close above the 200-day SMA near $166 would unlock the path toward the $265 target.
However, failure to hold above $130 could invite bearish pressure, potentially invalidating the wedge breakout and pushing SOL back toward the $120 price zone.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.]
Grab a coffee as we delve into market sentiment about XRP ETFs (exchange-traded funds) in the US. As prospects for this financial instrument continue to grow, experts have weighed in on the possible impact on Ripple’s XRP token.
Crypto News of the Day: XRP ETF Inflows to Reach $8.3 Billion, Standard Chartered Predicts
There has been much chatter this week in crypto about XRP ETFs, ranging from false rumors and reports to delays in key decisions. However, one thing appears certain: the conversation is growing more than ever.
In a recent US Crypto News publication, ETF analyst Eric Balchunas indicated they have raised their odds to 85%. Based on this, analysts offer diverging outlooks on how such a product might perform.
“XRP price could rise to $12.23 or $22.20 after ETF Approval if XRP ETFs Get 15% to 30% of Bitcoin ETF Inflows,” a popular account on X shared.
BeInCrypto data shows that XRP was trading for $2.22 as of this writing, down by almost 1% in the last 24 hours.
Against this backdrop, BeInCrypto contacted Standard Chartered for a commentary. The bank’s head of digital assets research, Geoff Kendrick, said it was challenging to predict precise inflow figures.
However, he indicated that comparative data from Europe could provide some guidance.
“The amount of eventual inflows to XRP ETFs is difficult to estimate. However, Bitwise has listed ETPs in Germany for XRP, Solana, Litecoin, BTC, and ETH, which may provide an apples-for-apples comparison,” Kendrick told BeInCrypto.
Drawing on his prediction of how an XRP ETF could perform and the associated impact on XRP price, Kendrick compared Bitcoin, Ethereum, and other altcoins.
Citing Bitwise data, the Standard Chartered executive noted that altcoins garner a larger percentage of ETP (exchange-traded product) net asset value (NAV) as a percentage of coin market capitalization than Bitcoin and Ethereum.
However, he acknowledged that this could be because fewer ETPs are available for altcoins. Kendrick added that NAV-to-market-cap ratios from already approved US spot ETFs provide a useful benchmark.
Based on these assessments, Geoff Kendrick projected that a US-listed spot XRP ETF could attract as much as $8.3 billion in inflows within its first year.
“Of the US spot ETFs approved so far, NAV as a percentage of market cap is 3% for Ethereum and just under 6% for Bitcoin. At current XRP market cap, that would imply a range of $4.4 billion to $8.3 billion as a future total NAV measure for an XRP ETF, which seems like a reasonable target range for inflows in the first 12 months,” Kendrick added.
Kendrick Sees Ripple Price at $8, Bitfinex Analysts Question Investor Interest for XRP ETFs
The Standard Chartered executive said he expects XRP price gains to keep pace with Bitcoin price growth targets.
He forecasted the Ripple price to rise to $8 by 2026, contingent on spot XRP ETF approvals in the US. This would constitute a 260% surge above the current price of $2.22.
“In real terms, XRP inflation is currently 6%, versus 0.8% for Bitcoin. As such, we target the XRP-USD price levels of $5.50 at end-2025, $8.00 at end-2026, $10.40 at end-2027, $12.50 at end-2028 and $12.25 at end-2029,” Kendrick explained.
Meanwhile, analysts at Bitfinex caution against optimism, saying that investor interest in a US-based spot XRP ETF may not match that witnessed in Bitcoin ETFs.
“We expect limited inflows into an XRP ETF as some investors may choose to broaden their exposure across available crypto ETFs. However it is unlikely to see the level of flows experienced by Bitcoin,” Bitfinex analysts told BeInCrypto.
The contrasting assessments reflect broader uncertainty over how altcoin ETFs might perform in a regulated US market.
Bitcoin’s dominance and changing regulatory attitudes toward digital assets still heavily influence the crypto market in the US.
So far, Grayscale, Wisdom Tree, Bitwise, Canary, and 21Shares have filed for XRP ETF approvals with the SEC. Bitwise’s application received official acknowledgment on February 18, triggering several timelines for approving, denying, or extending the application.
The final deadline is October 12, 240 days after official receipt. This date is equivalent to the ‘final deadline’ of January 10, 2024, for BTC ETF approvals, the day they were approved.
However, with other applications beyond XRP ETF pending approval, including Solana and Litecoin, Kendrick noted that other applications in the pipeline could affect the timeline for XRP ETF approval.
“Litecoin seems most likely to progress the fastest, providing early insight into how the new SEC leadership will treat altcoin ETFs,” Kendrick said.
As a hard fork of Bitcoin, Litecoin could already be viewed by the SEC as a commodity rather than a security. According to Kendrick, its similarity to Bitcoin may make it conceptually easier for investors to understand.
“We expect a wave of cryptocurrency ETFs next year, albeit not all at once. First out is likely the BTC + ETH combo ETFs, then probably Litecoin (because it is a fork of BTC, [therefore it’s a] commodity), then HBAR (because it’s not labeled security), and then XRP/Solana (which have been labeled securities in pending lawsuits),” Balchunas stated.
