Solana price today continues its climb. It sits above the important resistance point at $150, and is in the fourth straight week of gains. It has jumped by 61% from its April low, and one analyst predicts that it is on the verge of a strong comeback as Ethereum struggles to hit the psychological point at $2,000.

Solana Price Chart Pattern Points to a Surge to $500

Technical chart patterns points to a strong Solana price surge. In a recent X post, Ali Martinez noted that it had formed a “textbook perfect cup and handle pattern” on the weekly chart. This is a crucial continuation sign that leads to a strong surge, especially when it moves above the cup’s upper side.

The weekly chart below confirms this claim. It shows that the upper side of the cup was at $260, its highest point in November 2021. It was also the highest swing in November last year. However, it also formed a false breakout that pushed it to the year-to-date high of nearly $300. Solana price is in the process of forming the handle section of this pattern.

One way of measuring the price target of an asset in a C&H pattern is to measure its depth, and then the same distance from the cup’s upper side. In this case, the upper side is at $260, while the lower side is at $8.35 or 96%.

Now, extrapolating this target from $260 brings the SOL price forecast to $510. This means that the coin may surge by 240% from the current level. Such a move would bring the diluted market cap of Solana to $302 billion. This valuation is achievable in a strong bull run.

SOL price has key catalysts that could significantly enhance its long-term performance. The SEC may approve a spot SOL ETF this year, leading to substantial demand from Wall Street investors.

Further, the market cap of all stablecoins in the Solana ecosystem has jumped to $13 billion, a record high. That is a sign that more investors are interacting with its network. Solana may also benefit from the ongoing Solana meme coin surge, which has led to a higher volume in its DEX platforms.

SOL May Flip Ethereum if the Prediction Works

The value of SOL is surging as Ethereum remains below $2,000. Worse, the weekly chart shows that the coin has formed a triple-top pattern at $4,080. It remains below the neckline of this pattern at $2,118, its lowest level in August last year.

The Solana price target of a triple top is established by measuring the distance from the upper high to the neckline. One then measures the same distance from the neckline. In Ethereum’s case, this distance is about 48%. Measuring that level from the neckline brings the price target to $1078.

A drop to that target would bring Ethereum’s market cap from the current $216 billion to $129 billion. Such a move would make Solana a bigger cryptocurrency than Ethereum by a big margin.

The caveat in all this is that the Solana and Ethereum prices forecast will take time to form since they are in the weekly chart.

The post Crypto Pundit Predicts $500 Solana Price Target While Ethereum Struggles to Hit $2,000 appeared first on CoinGape.

The post ENA Price Poised for 25% Rally Despite Whale Dumping appeared first on Coinpedia Fintech News

Amid the ongoing market uncertainty, crypto whales are seen offloading Ethena (ENA) tokens. Today, March 6, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have dumped a significant $148 million worth of ENA tokens onto the exchanges in the past 48 hours.

Current Price Momentum

This substantial token movement from wallets to exchanges has the potential to create selling pressure and drive the price lower. However, despite this, the ENA price moved in the opposite direction, registering a gain of over 8% in the past 24 hours and currently trading near $0.38. During the same period, its trading volume surged by 160%, indicating heightened participation from traders and investors compared to the previous day.

$19 Million Worth ENA Outflow

Despite the offloading of 148 million ENA tokens onto exchanges, some investors and long-term holders have been accumulating the tokens, according to on-chain analytics firm Coinglass.

Data from spot inflow/outflow revealed that exchanges have witnessed an outflow of a significant $19 million worth of ENA tokens in the past 48 hours. Such outflows from exchanges indicate potential accumulation amid price drops and could create buying pressure and upside momentum.

Traders Bullish Bet

Besides the mixed sentiments among whales and long-term investors, intraday traders are also supporting this bullish activity. In the past 24 hours, traders have been over-leveraged at $0.362 on the lower side and $0.386 on the upper side.

Data further revealed that $0.362 is a key level where traders have built $5.50 million worth of long positions, while $0.386 is a level where traders have built $2.17 million worth of short positions. These positions at over-leveraged levels indicate that bulls are dominating and could support ENA in an upcoming rally, helping it recover its price.

ENA Technical Analysis and Upcoming Levels

According to expert technical analysis, ENA has successfully retested its crucial support level of $0.345 and now appears to be rallying upward.

Based on historical price patterns, if the asset holds this level and closes a daily candle above $0.345, there is a strong possibility it could soar by 25% to reach the $0.50 level in the coming days.

The post ENA Price Poised for 25% Rally Despite Whale Dumping appeared first on Coinpedia Fintech News
Amid the ongoing market uncertainty, crypto whales are seen offloading Ethena (ENA) tokens. Today, March 6, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have dumped a significant $148 million worth of ENA tokens onto the exchanges in the past 48 hours. 148 million #Ethena $ENA have been moved to exchanges …

XRP price could soar to $20 if Ripple’s leadership aligns with Binance’s CZ, who predicts $1M Bitcoin surge soon.

Ripple price set for parabolic rally as Changpeng Zhao says Bitcoin will hit $500,000 – $1 million

Ripple (XRP) bulls gained momentum Tuesday after Binance founder Changpeng Zhao predicted Bitcoin will eventually hit $500,000 to $1 million. Speaking during a recent interview, CZ cited growing institutional interest and US state-level crypto reserve bills as major catalysts.

XRP consolidates above $2.10, shedding 0.2% in 24 hours, while trading volumes spiked to $4.8 billion. Market analysts believe CZ’s bullish BTC projection may push altcoins like XRP toward new peaks.

Notably, Ripple price is up 292% on the 1-year timeframe, outpacing Bitcoin’s 56% uptick over the same period. With altcoin ETFs under SEC review and the XRP Futures ETF already live on Nasdaq, corporate investors could view XRP as a more profitable asset than BTC.

Market participants now speculate whether Ripple’s founder, Brad Garlinghouse, will respond to CZ’s statement. His endorsement could validate a long-term bullish trajectory for XRP price, especially ahead of SEC’s ETF verdict expected June 17.

If Bitcoin price follows CZ’s projected path, XRP price may repeat previous patterns where it closely-tracked BTC rallies to all time highs in 2021 and 2024 respectively.

XRP’s unique positioning as a bridge currency across cross-border payment platforms may amplify that effect.

What does CZ’s Prediction Mean for XRP Strategic Reserve Prospects?

CZ’s optimistic forecast highlighted two macro drivers: Bitcoin ETFs and state-level legislation for crypto reserves. These tailwinds may also lift XRP.

Ripple’s ecosystem is already gaining exposure via the XRP Futures ETF listed on Nasdaq. With a spot XRP ETF decision expected June 17, institutional investors are now watching closely. If approved, XRP would gain direct access to the same capital pipelines that boosted BTC after spot ETF approvals in January.

The second catalyst—crypto reserve adoption by U.S. states—also puts XRP in the spotlight. Though current laws prioritize BTC, CZ’s earlier March 2 executive order listed XRP among the five key digital assets for reserves.

That early inclusion positions XRP as a possible secondary reserve asset, despite BTC currently dominating the conversation.

The dual bullish catalyst from XRP ETFs approvals and US treasury investments could makes XRP a candidate for synchronized gains if BTC price surges towards $1 million as CZ predicts.

Here’s Ripple Price Prediction if Bitcoin Hits $1 Million According to Changpeng Zhao’s Prediction

Ripple (XRP) is currently trading around $2.10 per coin, with a market capitalization of $124 billion as of May 7. At this level, XRP is up 22.5% month-to-date and riding a wave of institutional optimism.

If Bitcoin reaches $1 million, as CZ projects, XRP could plausibly rally 8x from current levels. This would place XRP near the $20 mark, assuming it maintains relative correlation to BTC’s market momentum.

In 2017 and 2021, XRP tracked Bitcoin’s parabolic surges with a lag. But with ETFs, clearer U.S. regulation, and payment network expansion, this cycle could see a more closely synchronized move.

A $20 XRP would give it a market cap above $1.2 trillion, putting it in competition with Ethereum for second place.

Howver, such a move would depend on ETF approval, continued legislative alignment, and active endorsement from Ripple executives. As the June 17 SEC decision approaches, market attention will shift toward regulatory signals.

XRP Price Forecast Today: Bulls Eye Recovery to $2.33 as Trendline Support Holds

XRP price is trading at $2.12, marginally down 1.49% on the day, but remains structurally bullish despite the recent retracement.

As seen in the XRPUSD daily chart below, XRP price consolidating just above its ascending trendline support, a critical level that has sustained the broader uptrend since late March.

A retest of the $2.08 support level on Wednesday, coinciding with the trendline and 100-day SMA, suggests that bulls are defending this zone with conviction, preventing a deeper breakdown toward $1.90.

The daily chart shows XRP remains wedged between the 50-day SMA at $2.17 and the lower support band, setting the stage for a technical pivot.

While the recent pullback pierced below both the 10-day and 21-day EMAs, the price has not formed a lower low, suggesting the uptrend remains intact.

XRP price forecast today remains bullish if support at $2.08 holds and price breaks above the $2.17 level again, which would likely trigger a short-covering rally toward the $2.33 resistance, the next key supply zone marked by the 200-day moving average.

Conversely, failure to reclaim $2.17 in the coming sessions would shift the near-term risk back to $2.00 and possibly $1.90.

The post Will XRP Price Hit $20 If XRP Strategic Reserve is Approved appeared first on CoinGape.