Why is The Crypto Market Going Up Today?

Dogecoin price is picking its way gingerly toward $1 after staging a recovery from a small correction. Fundamentals are bullish for DOGE, but the memecoin has to hold its own above a key support level to trigger a fresh rally.

Dogecoin Price Eyes Breakout Above $0.1850

Pseudonymous cryptocurrency analyst BitGuru says Dogecoin price can record an impressive rally above $0.1850 in the near future. According to an analysis on X, BitGuru notes that the bullish run toward $1 will occur in the next price spurt but DOGE will have to tick a few boxes.

Right off the bat, Dogecoin price will have to hold above the $0.1666 price level to trigger the rally northward of $0.1850. However, a slip below the level may see Dogecoin price fall toward $0.1524 again, dousing enthusiasm for a rally.

Doge price is staging a comeback after falling to 0.1524 in what BitGuru refers as a classic cup-shaped recovery. The charts reveal a gradual decline in DOGE price followed by a “bullish beauty” that signals a longer sustained rally.

“DOGE just completed a classic cup-shaped recovery and is stabilizing above key support,” said BitGuru. “If the price holds this level, we’re likely heading toward a fresh breakout above $0.1850 in the next leg up.

BitGuru did not give a clear timeframe for his prediction but optimism for Dogecoin price to $1 has reached a fervent pitch. At current prices, Dogecoin will have to rally by nearly 500% to reach the $1 mark buoyed by a combination of fundamentals and on-chain positives.

DOGE Numbers Are Nothing Short Of Impressive

At the moment, the metrics around DOGE are red-hot and glowing following the impressive recovery. Over the last 24 hours, Dogecoin price is up by nearly 4% while seven-day charts are indicating a near-20% increase for the memecoin.

DOGE is trying to cancel out its 30-day 5.47% decline with the new run in form as it consolidates its one-year gains. Despite the impressive figures, transaction volumes are down by 14% just shy of the $1.5 billion mark.

Amid the optimism from the just concluded DOGE day, there are fears that Dogecoin price will tumble as chatter of Elon Musk departure from DOGE gains traction.

Cryptocurrency analyst Master Kenobi argues that DOGE can reach a new all-time high within 55 days. Master Kenobi hinges his prediction on Dogecoin price breaking past a trendline with the analyst tipping a valuation of $0.90 in mid-June.

The post Dogecoin Price Targets Breakout To Near $1 After Classic Cup-Shaped Recovery appeared first on CoinGape.

The post Bitcoin Flashes Signs of $100K Retest: Can BTC Price Meet Buying Demand? appeared first on Coinpedia Fintech News

After dropping due to Donald Trump’s tariff plans, which caused an intense market sell-off, Bitcoin is making a strong comeback. It’s now approaching $100,000, its highest level since late February. But fears of a recession could slow down this momentum unless the U.S. and China start talking about tariffs soon. Additionally, the mixed on-chain signals might increase volatility for the $100K level.

Bitcoin’s On-chain Metrics Create Mixed Sentiment

How the tariff talks go could play a big role in whether the economy heads into a recession and in where Bitcoin’s price goes next. Many experts are hoping that trade discussions in May will help calm economic worries. Still, Bitcoin might keep rising even if a recession hits. In the past 24 hours, around $34 million in Bitcoin trades were closed out. Buyers ended $8.5 million in positions, while sellers had to close $25.4 million in bets against Bitcoin.

Also read: Bitcoin Price Prediction 2025, 2026 – 2030: When Will BTC Hit $100k?

Bitcoin is getting close to retesting the $100K mark as investor confidence grows. In the last two weeks of April, large investors bought around $4 billion worth of Bitcoin. At the same time, spot Bitcoin and Ethereum ETFs saw strong inflows, with over $3.2 billion entering the market last week. BlackRock’s Bitcoin ETF alone brought in nearly $1.5 billion, its biggest weekly gain this year.

Additionally, Bitcoin’s netflow is currently negative by $39.79 million, meaning more Bitcoin is being moved out of exchanges than into them. This suggests that more investors are choosing to store their Bitcoin in private wallets instead of keeping it on exchanges. It’s a sign that people are holding onto their coins, which can reduce selling pressure and support Bitcoin’s recovery.

However, Bitcoin risks a “notable increase” in selling pressure around $100K. Glassnode warns that if Bitcoin’s price keeps rising, long-term holders might start selling. Their profits are now close to 350%, a level where they’ve typically sold in the past. If Bitcoin crosses $100K, it could trigger a wave of selling from these older investors.

What’s Next for BTC Price?

Buyers are breaking through Fib levels and they continue to hold the price above EMA trend lines. Bears are now defending any further surges above $98K as BTC faced a rejection recently. As of writing, BTC price trades at $97,182, surging over 0.7% in the last 24 hours.

The rising 20-day moving average at $96,892 and a strong RSI suggest Bitcoin still has room to move higher. If it breaks above $99,500, the price could quickly jump to the key $100,000 level. Sellers will likely put up a strong fight there, but if buyers succeed, Bitcoin might climb to around $103,000.

Also read: Top 8 Bitcoin Price Predictions for 2025 from Institutions You Can’t Miss

On the flip side, sellers may try to drag the price back to the 20-day moving average, which is an important support level. If Bitcoin bounces there, the uptrend stays strong. But if it drops below, it could fall further toward the 50-day average at $92.8K.

The post Bitcoin Flashes Signs of $100K Retest: Can BTC Price Meet Buying Demand? appeared first on Coinpedia Fintech News
After dropping due to Donald Trump’s tariff plans, which caused an intense market sell-off, Bitcoin is making a strong comeback. It’s now approaching $100,000, its highest level since late February. But fears of a recession could slow down this momentum unless the U.S. and China start talking about tariffs soon. Additionally, the mixed on-chain signals …

The post The SEC Rate Cuts Could be on the Horizon- Will XRP Price Explode by 45% This Month? appeared first on Coinpedia Fintech News

The XRP price has been displaying magnificent strength as the levels have been held above the crucial support range around $1.8 since December 2024. This suggests the bulls are extremely vigilant, and hence the upcoming events may have a bullish impact on the token. The XRP price is hovering around the crucial $2 mark and is trading within a range-bound consolidation. However, the XRP price has been trading under bearish influence, mainly due to the lack of bullish strength. 

Here’s the Catalyst for the XRP Price Rally!

The Ripple community is eagerly waiting for an XRP ETF launch and its potential impact on its price.  The experts believe that the SEC’s approval of a potential XRP ETF could be a great catalyst for the upcoming bull run. On the other hand, the rate cuts are expected to have a massive impact on the XRP price rally. Recently, the ECB slashed rates by 2.25% and markets reacted positively. Now that the XRP’s liquidity is on the rise, yet another rate cut may positively impact the XRP price rally. 

After the ECB’s rate cuts, the US SEC is also considering a rate cut, which may boost the upcoming XRP price rally. The recent trade war has already shaken up the entire market, which has regained strength. And hence, with a fresh rate cut, the XRP bulls are expected to get a fresh boost. Therefore, the investors remain hopeful of the upcoming XRP price rally with a potential ETF and a rate cut. 

How High Can the XRP Price Can Go in 2025?

XRP price experienced one of the strongest and sharpest price surges during the last crypto rally. The price and the social engagements both went hand-in-hand perfectly throughout the entire XRP price surge and pullback. With this, the token has been one of the strongest altcoins in the market, as the bulls have been holding the rally above the crucial support zone. 

The daily chart of XRP suggests the price has reached the end of the consolidation, which is expected to trigger a strong breakout. The Ichimoku cloud has undergone a bullish crossover, and with a drop in the bearish pressure, the price is expected to set off a strong upswing. On the other hand, the CMF has initiated a bullish divergence and surged finely above 0, hinting towards the market turning bullish as bulls are gaining strength.

Therefore, the XRP price is believed to rise, but a strong upswing may trigger only when the price reclaims $2.2 before the end of the month. 

The post The SEC Rate Cuts Could be on the Horizon- Will XRP Price Explode by 45% This Month? appeared first on Coinpedia Fintech News
The XRP price has been displaying magnificent strength as the levels have been held above the crucial support range around $1.8 since December 2024. This suggests the bulls are extremely vigilant, and hence the upcoming events may have a bullish impact on the token. The XRP price is hovering around the crucial $2 mark and …