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Crypto Analyst Gives Reasons Why A Dogecoin Price Pump Above $0.4 Is Imminent
Dogecoin has once again rebounded at support around $0.31 in the past 24 hours. This rebound comes after a 10-day decline that saw it erase most of its gains in the first half of the month. However, the bulls have been able to defend the $0.31 support level once again to prevent further price declines.
With the successful rebound now looking like it is done, the next question is whether it can sustain this positive momentum and break above the $0.4 mark, leaving the $0.3 range behind for good. According to an analyst on the TradingView platform, the combination of Elon Musk’s influence, technical indicators, and trends in the broader crypto ecosystem means Dogecoin will shoot above this level soon.
Dogecoin Price Pump Above $0.4 Is Imminent
Dogecoin is yet to sustain a strong decisive move above $0.4 this market cycle and has spent the most time ranging between $0.3 and $0.4. According to insights by crypto analyst MadWhale, this could change soon with recent market dynamics surrounding Dogecoin’s role in the crypto industry.
Number one, Dogecoin has gained significant prominence alongside billionaire Elon Musk. Musk’s vocal support has increased Dogecoin’s position from just the most prominent meme coin among thousands, making it a staple in his business ventures. His upcoming blockchain-powered payment platform, XMoney, is set to integrate the meme coin across his companies, including Tesla and SpaceX. This initiative could increase the demand for DOGE and further solidify its relevance in Musk’s ecosystem outside the crypto industry.
In addition, Musk’s connection with Donald Trump and their shared engagement with cryptocurrency has drawn renewed attention to the sector before and after the US elections. This collaboration has increased interest among cryptocurrencies, with Dogecoin being one of the primary beneficiaries of this surge in interest.
Technical Indicators And Market Momentum Indicate Pump Above $0.4
From a technical standpoint, analysts have predicted various bullish price targets for Dogecoin using technical indicators and market cycles. This sentiment was also echoed in the analysis of DOGE’s pump above $0.4. A decisive break above the upper trendline of its current channel would solidify the bullish outlooks, even if it were to retest the trendline.
Lastly, Dogecoin is tied to broader trends in technology and the crypto space and is in a prime position to benefit from the booming artificial intelligence industry. This rise of artificial intelligence is expected to influence cryptocurrency trading and market dynamics moving forward. Given Musk’s active role in both artificial intelligence and crypto, Doge could benefit from AI advancements and see Dogecoin become integrated into the combination of the two industries. This, in turn, could be the last push needed to sustain a move above $0.4 and reach a new price all-time high above $0.7316.
At the time of writing, DOGE is trading at $0.33 and is up by 6% in the past 24 hours.
Featured image from Adobe Stock, chart from Tradingview.com
Crypto analyst CasiTrades has revealed that the XRP price is still at risk of dropping to as low as $1.5. She further mentioned what needs to happen for XRP to avoid dropping to this price target.
XRP Price Could Drop To $1.5 If This Happens
In an X post, CasiTrades revealed that the XRP price could drop to $1.5 if it fails to break and hold above the $2.42 price level. This came as she noted that XRP is attempting to reclaim the consolidation pattern it broke down from.
The crypto analyst further remarked that XRP needs to break and hold the trendline at $2.42 as support to keep the bullish momentum alive. She added that it is very critical for this to happen or a retest of $2 or $1.54 could be in play.
CasiTrades’ analysis comes just as crypto analyst Egrag Crypto predicted that the XRP price could reach $30 by May this year. The analyst alluded to historical trends to prove why the crypto could reach this price target.
Analysis Of The Current Price Action
CasiTrades also gave an in-depth analysis of the current XRP price action. She noted that the crypto has seen a retracement of the move that followed Donald Trump’s announcement that XRP will be included in the crypto strategic reserve. However, the crypto analyst added that the overall market structure remained valid.
CasiTrades also stated that XRP held above W1 territory and did not make a new low. She remarked that the bigger picture still supports a wave 4 correction playing out, targeting a new high.
Meanwhile, the crypto analyst revealed that bullish divergences across timeframes are still intact and that the Relative Strength Index (RSI) is maintaining its uptrend from the $2 low. In line with this, CasiTrades stated that the next upside targets are $2.70 and $3.05. She noted that these are crucial levels before market participants can consider talking about new all-time highs (ATHs) for the XRP price.
In the meantime, if XRP fails to hold above $2.42, CasiTrades stated that the crypto could see a test of $2.20, which is a key subwave support level. A deeper retracement could take XRP back towards $2 or $1.54 if sellers take control. However, the crypto analyst said that she is still favoring the bullish scenario until there is a clear invalidation.
According to CasiTrades, the market is looking for buyer confirmation and this $2.42 level will decide if the XRP price moves higher from here of if there is need for more correction.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Ethereum price briefly dipped under $2,000 for the first time in over a year as on-chain data points to a gloomy future. Pundits say Ethereum could be on a death march toward $1,000 in a steep decline that has left speculators scratching their heads.
Ethereum Price Could Be Headed To $1,000
Ethereum (ETH) woes appear to be worsening following a dip in prices below $2,000 since December 2023. Ethereum price touched $1,996 before staging a valiant climb back to $2,135, triggering concerns over its future direction.
On-chain data is grim for the largest altcoin with several indicators pointing toward a downward trend. Ethereum’s weekly RSI is at its lowest ebb for the first time since 2022 at 35.84. Similar RSI levels in 2022 saw the asset price fall even further by a staggering -60%.
Analysts say that the Ethereum price could fall to $1,000 given similar market conditions in 2022. The slip below $2000 follows an earlier dip below $2,200, leaving its parallel channel which experts say could induce correction to $1,600.
Ethereum’s triple-top pattern in its weekly chart is indicative of a 60% decline as bears have a field day. A 60% decline at current levels will see Ethereum price dip below the $1,000 mark.
Ethereum Is On Course To Record Its Worst Q1
The largest altcoin has endured a wave of negative sentiments since the start of 2025. Ethereum price has fallen by nearly 40% from its high of $3,300 at the start of the year.
A drop to $1,600 will see Ethereum record its worst Q1 performance, dwarfing the lows of the first quarter of 2024. US Ethereum ETFs recorded massive outflows while ETHA share price shed 38.59% since the start of the year.
While institutional interest around ETH sinks, the asset’s proposed inclusion into the US Crypto Strategic Reserve did little to stave off the massive decline. Despite the grim outlook, some pundits say the decline presents a buying opportunity for long-term investors.
“We are going into the undervaluation zone,” said the pseudonymous Venturefounder on X (formerly Twitter).
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
US President Donald Trump’s decision to adopt Bitcoin, XRP, Solana (SOL), and Cardano (ADA) has sparked widespread optimism. However, the community remains ambiguous on the potential composition and management of the US crypto reserve. Farcaster co-founder Dan Romero’s recent predictions offer a glimpse into the utilization of crypto reserves and the potential roles of XRP and ADA.
US Crypto Reserve Management: Key Insights
Amid escalating ambiguity regarding the United States’ cryptocurrency reserve, Dan Romero, co-founder of Farcaster, has offered predictions regarding the government’s prospective plans.
In a recent X post, the Farcaster founder stated that Donald Trump’s government would retain seized assets rather than making new crypto purchases. This suggests that the administration is unlikely to invest in cryptocurrencies, despite its ambitious reserve plans.
Unveiling the Future of US Crypto Reserve: Roles of Bitcoin, XRP & ADA
According to the Farcaster founder’s predictions, Bitcoin will dominate the US crypto reserves. Possibly, Bitcoin will comprise about 80% of the government’s crypto holdings. This may be because of Bitcoin’s market dominance, widespread adoption, and global acceptance.
Notably, Trump’s crypto reserve announcement sparked widespread enthusiasm, particularly regarding Bitcoin’s potential role in the reserve. For instance, Gemini co-founder Cameron Winklevoss stated, “Bitcoin is the only asset that meets the bar for a store of value reserve asset.”
Meanwhile, the Farcaster founder highlighted the possibility of the Trump government including XRP and ADA in the crypto reserves through in-kind tax payments or quasi-donations. This implies Ripple and Cardano’s possible ways of collaborating with the government.
Inclusion of XRP & ADA Met with Skepticism
Despite the optimism surrounding the government’s Bitcoin reserve strategy, the inclusion of XRP and ADA has been met with skepticism. Gemini co-founder Taylor Winklevoss shared his disagreement with Trump’s choice of XRP, Solana, and Cardano. He stated,
I have nothing against XRP, SOL, or ADA but I do not think they are suitable for a Strategic Reserve. Only one digital asset in the world right now meets the bar and that digital asset is bitcoin.
Similarly, economist Peter Schiff questioned the government’s decision to include XRP, SOL, and ADA in the US crypto reserve. Though he initially seemed to endorse the Bitcoin reserve, later he retracted his support, accusing BTC proponents of disseminating misinformation.
XRP Proponents Celebrate Trump’s US Crypto Reserve Strategy
Though a portion of the community is against the XRP reserve, proponents celebrate the move. “XRP is great technology, a global standard, survived for a decade through many harsh cycles, and has one of the strongest communities. I think the president made the right decision,” stated Cardano founder Charles Hoskinson.
Ripple CEO Brad Garlinghouse hailed the development a major signal for the industry’s progress. In response to Trump’s announcement, Garlinghouse stated, “Happy to see that the President of the United States recognizes that we live in a multichain world.”
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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