Altcoin
Dogecoin Price Hits Double Bottom To Trigger Massive Rally, Here’s The First Target
The Dogecoin price has experienced significant growth, maintaining a steady climb within a well-defined “Channel Up” pattern since December 2024. Recent technical indicators and price action suggest that Dogecoin may be getting ready for a major price rally. A crypto analyst has confirmed this bullish outlook, forecasting Dogecoin’s rise to its first target of $0.432.
Double Bottom Confirms Dogecoin Price Bullish Set-Up
‘TradingShot,’ a crypto analyst on TradingView, has forecasted a new bullish target for Dogecoin, expecting the meme coin to rally above the $0.4325 target. According to the market expert, the Dogecoin price has bounced off the higher lows trendline of its Channel Up pattern, forming a distinct Double Bottom pattern.
The analyst shared a price chart, highlighting that the meme coin was initially trading within the Channel Up pattern since it hit a price bottom on December 20, 2024. Typically, a double bottom pattern forms near the higher lows trendline, signaling a potential for upward reversals.
The TradingView analyst also revealed that a unique buy signal always emerges whenever the Dogecoin price makes a Double Bottom near the higher lows trendline of the pattern. Furthermore, each time this Double Bottom pattern occurs, the 4-hour Moving Average Convergence Divergence (MACD) displays two consecutive bullish crosses.
Previously, Dogecoin formed two Double Bottom and MACDs, triggering a significant price rally in both cases. At the time, the price of the meme coin skyrocketed to the 2.618 Fibonacci extension level, marking new highs. Based on this past trend, the analyst believes that the meme coin could experience a similar rally as its price action appears to repeat the same pattern for the third time.
The TradingView expert’s technical analysis also highlights the role of other moving averages, underscoring that the 4-hour MA50 acts as a crucial support area while the MA200 underscores a broader trend. Currently, the Dogecoin price is rebounding off the Double Bottom near the trend line, and the analyst projects a short-term rally toward $0.4325, aligning with the 2.618 Fibonacci extension level.
Historical Patterns To Trigger Price Rally Above $20
In another X post, crypto analyst Trader Tardigrade projected a massive price surge for Dogecoin in this bull market. The analyst has based his optimistic forecast on historical trends where DOGE experienced bull rallies after surpassing a previous “candle body high” in 2017 and 2021. At the time, the meme coin had jumped by over 3,000% and 8,000% respectively.
Drawing from historical trends, Trader Tardigrade predicts that if Dogecoin follows a similar trend pattern, its price could rally to $8.32 before skyrocketing to an ultimate target of $20.68. As of writing, the price of DOGE is trading at $0.34 after declining by over 12% in the past week. A surge to the analyst’s projected targets would require the meme coin to rally by 2,347% and 5,982%, respectively.
Featured image from Unsplash, chart from Tradingview.com
Cryptocurrency Prices Today: Bitcoin (BTC) and top altcoins encountered significant turbulence on Monday, tumbling against the backdrop of an unsure investor sentiment right ahead of FOMC. Bitcoin (BTC) price dropped to the $101K level today, whereas Ethereum (ETH), XRP, and Solana (SOL) cracked 4%-8%. Meanwhile, U.S. stocks also took a hit amid Chinese AI DeepSeek’s rise.
So, let’s take a closer look at some of the leading crypto by market cap, their price action, and broader market trends on January 27.
Cryptocurrency Prices Today: Market Tumbles Ahead of FOMC
In light of the looming FOMC set to take place as of January 29, the broader crypto market reflects a substantially unsure investor sentiment. The global crypto market cap fell by over 3% intraday and was evaluated to be $3.47 trillion. However, the total market volume witnessed a 21% increase from yesterday to $106.54 billion.
While BTC and top altcoins tanked notably intraday, leading meme coins Dogecoin (DOGE), Shiba Inu(SHIB), and others also mimicked a waning movement. Here’s a brief overview of some renowned cryptocurrency prices today.
Bitcoin Price Down To $101K As Cryptocurrency Prices Take Hit
BTC price cracked over 3% in the past 24 hours and is currently trading at $101,239. The coin’s 24-hour low and high were $100,721.57 and $105,438.64, respectively. The waning price action aligns with the broader market trend, although Bitcoin’s dominance was up 0.36% intraday. Besides, leading crypto market analyst Ali Martinez has conversely maintained a bullish perspective on the asset’s future perspective, spotlighting a $122,000 price target looms.
BTC saw over $57 million in liquidations, per recent Coinglass data, further aligning with the price drop. As mentioned above, the looming FOMC has appeared to have pushed traders to be cautious.
Ethereum Price Tanks 5%
ETH price pulled back 5% in the past 24 hours and is currently trading at $3,172. The coin’s intraday low and high were $3,161.93 and $3,359.31, respectively. Ethereum currently mimics the broader market trend, with nearly $30 million in liquidations recorded today. However, it’s noteworthy that weekly net inflows totaled $139,32 million for Ethereum ETFs as of Jan 24. The current market sentiment for the asset remains uncertain.
XRP Price Drops 5%
XRP price also fell by nearly 5% in the past 24 hours and is currently resting at $2.99. The crypto’s intraday low and high were $2.95 and $3.14, respectively. Notably, the Ripple-backed asset’s fall below $3 sparked severe concerns among investors. Meanwhile, XRP recorded nearly $5 million in liquidations as of Monday.
SOL Price Cracks 10%
SOL price chart showcased a 10% drop in value at the time of reporting, reaching $233.18. Solana’s 24-hour low and high were $233.23 and $259.63, respectively. The cryptocurrency has followed the broader market trend, recording over $10 million in liquidations.
Meme Cryptocurrency Prices Today
Simultaneously, DOGE price tanked 8% over the past day and is trading at $0.327. SHIB price also fell over 7% in the past 24 hours and is sitting at $0.00001851. Moreover, PEPE and TRUMP prices fell nearly 13%, reaching $0.00001301 and $26.60, respectively.
DeepSeek AI Threatens U.S. Stocks
Meanwhile, the rise of the open-source Chinese AI startup DeepSeek appears to have sent shockwaves across the U.S. large-cap tech. Recent reports reveal that the Chinese AI startup is already outperforming leading American AI companies like OpenAI and Meta, whilst the Nasdaq 100 futures are also down significantly since the market opened just hours ago, all happening as DeepSeek takes the no. 1 spot on App Store.
Top Cryptocurrency Gainer Prices Today
Onyxcoin (XCN)
Price: $0.03688
24-Hour Gains: +10%
Jupiter (JUP)
Price: $0.9859
24-Hour Gains: +7%
AIOZ Network (AIOZ)
Price: $0.8133
24-Hour Gains: +4%
Top Cryptocurrency Loser Prices Today
Fartcoin (FARTCOIN)
Price: $0.9807
24-Hour Loss: -28%
Virtuals Protocol (VIRTUAL)
Price: $2.09
24-Hour Loss: -17%
HyperLiquid (HYPE)
Price: $20.67
24-Hour Loss: 15%
Nevertheless, despite the broader cryptocurrency market volatility, renowned crypto analyst Ash Crypto stated, “Altseason is finally coming,” and “utility tokens are about to explode.” Further, digital asset strategist at VanEck, Gabor Gurbacs, spotlighted the DeepSeek rise chronicle on X, saying, “Now that everyone knows that AI doesn’t need that $500 Billion investment, the U.S. should just buy Bitcoin with it,” setting off waves of discussions.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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.
Onyxcoin (XCN) crypto token price saw a massive 800% rally in two weeks, extending the monthly rally to nearly 2000%. Onyx is a fully decentralized protocol powered by the governance and utility token Onyxcoin (XCN). The primary reason behind this massive uptrend is the resolution of the long-standing issue with HTX Global and Justin Sun.
Onyxcoin (XCN) Price Sees No Signs of Stopping
Onyxcoin (XCN) has extended its rally to nearly 2000% in a month after an 800% surge in its price in just two weeks. XCN price is currently trading at $0.0467, up over 70% in the last 24 hours. The 24-hour low and high are $0.0263 and $0.04839, respectively.
The trading volume has jumped immensely over the last week, with a 98% further jump in the past 24 hours. Notably, the trading volume increased to $1.60 billion today from just $100 million a week ago.
XCN has even taken over XRP, SOL and even BTC in trading volume on Coinbase crypto exchange in the last 24 hours. Coinbase tops other crypto exchanges for XCN trading volumes, recording 38% of market share in terms of volumes.
Furthermore, Onyxcoin (XCN) futures open interest also saw a 45% massive jump over the last 24 hours. As per Coinglass data, Bybit saw 46% increase in XCN futures open interest and signals a price rise further.
Reasons Why Onyxcoin Saw Massive Gains
For clarity, Onyxcoin or Onyx has no relation to banking giant JPMorgan. Onyx blockchain by JPMorgan was rebranded to Kinexys to distinguish it from unrelated entities and protocols in the crypto market.
The massive pump recently in Onycoin (XCN) price came from the resolution of a dispute from the year 2022 related to XCN with Justin Sun and HTX Global. OIP-51 proposal was deployed passing which makes Sun and HTX part of the DAO, with XCN locked for 2 years and a public acknowledgment of the major news by Justin Sun.
Moreover, Onyx has partnered with several platforms including blockchain infrastructure platform Chain. They announced a 30% discount for Chain clients who utilize Onyxcoin (XCN) for payments towards products.
The decentralized Web3 platform also announced incentivizing running Onyx Core node operators with a proposal due early February. It said, “Preference will be given to those already running nodes at the time of the OIP and technical enough to operate a node with high uptime.”
Onyxcoin (XCN) price also rallied as the platform offers gas refunds on staking, voting and rewards. OnyxDAO is on a major marketing push and an incoming proposal on a community burn initiative.
The @onyxDAO is looking for feedback on a community burn initiative. Monthly, the DAO would analyse the burn wallet with AI and randomly choose a burn wallet, skewed by its tokens burned. An OIP would then grant directly to the chosen wallet $10k in $XCN 👇 pic.twitter.com/8GAnqImeyw
— Onyx (@OnyxDAO) January 25, 2025
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.
At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting.
Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
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.
XRP Lawsuit: A US Court of Appeals has issued a time schedule order for appeals filed in the long-running Ripple lawsuit. The appeals court has asked both parties to comply with the schedule order, failing which may result in the dismissal of the appeal. Ripple Labs and CEO Brad Garlinghouse by April 7, 2025.
US Appeals Court Sets Schedule in XRP Lawsuit
In the latest court filing, the US Court of Appeals for the Ninth Circuit issued a docketing notice for appeals related to In re Ripple Labs Inc Litigation rulings by the district court. In addition, the court issued a scheduling order with the Sostack v. Ripple Labs case title.
The appellant filed an individual claim against Ripple, XRP II and CEO Brad Garlinghouse in the XRP lawsuit regarding violations of securities laws. Notably, the district court has ruled in favor of Ripple and CEO Brad Garlinghouse, but it is now challenged in the appeals court.
Furthermore, the court asked parties to file any motions seeking relief from this court separately. The motions filed along with the notice of appeal in the district court are not automatically transferred to this court for filing.
Time Schedule Order in Ripple Lawsuit
As per the scheduling order by the appeals court, appellant Bradley Sostack needs to file the Mediation Questionnaire due by January 29.
Also, the court has given the March 6 deadline for submitting the appeal opening brief. This provides exact arguments against Ripple Labs, XRP II and CEO Brad Garlinghouse in the XRP lawsuit. The ruling in this case may create a binding precedent for the Ripple vs SEC lawsuit.
Ripple Labs, XRP II and CEO Brad Garlinghouse will submit an appeals answering brief by April 7, 2025. Notably, the company will file its brief in Ripple vs SEC case by April 16, as per a filing in the 2nd Circuit Court of Appeals.
Also, the optional reply may be filed within 21 days from the submission of the answering brief, as per the time schedule order.
Latest Developments in XRP Lawsuit
Meanwhile, Ripple and CEO Garlinghouse are pushing to end the lawsuit, urging Sostack and the plaintiff class to pay for expenses incurred in the irrational arguments. The crypto company submitted the ‘bill of costs’ after the district court ruled in favor, seeking funds for time wasted and expenses incurred in the lawsuit for securities violations.
In the latest court filing in the United States Court of Appeals for the Ninth Circuit, lead plaintiff Bradley Sostack has appealed against costs taxed in the amount of $210,591.52 against class plaintiffs.
Meanwhile, lawyers believe crypto lawsuits will see settlement or dismissal in April or May as the Trump administration will decide not to pursue appeals.
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.
At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting.
Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
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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