Altcoin
What’s Next for Dogecoin Price As Key Support Retests, Analysts Weigh In
Dogecoin price is now touching important support and resistance levels with experts trying to determine the future direction. As the top meme coin fluctuates near the support and resistance levels, market analysts have predicted the higher and lower possibilities. Both the technical analysis and historical data suggest how the prices could reverse higher or further consolidate in days to come.
Dogecoin Price Faces Critical Test: Will Support Hold or Break?
Dogecoin price is facing strong resistance at $0.176, with a Bearish Tweezer candlestick pattern forming on the daily chart. According to Trader Alan, this pattern is a strong reversal signal, suggesting that selling pressure is increasing. The resistance level has already seen a false breakout, where Dogecoin price briefly moved above $0.176 but failed to hold. This failure indicates weak bullish momentum and a possible downward move.
The analyst suggests that if the price moves lower, Dogecoin price could retest the $0.143 support level. If selling pressure intensifies, the meme coin may trade within a range between $0.143 and $0.176. A break below this support could trigger further declines, pushing the top meme coin to a deeper correction phase.
However, if buyers step in and defend the $0.143 level, Dogecoin price may continue consolidating within this range. Analyst states that for a bullish breakout to occur, DOGE must establish higher lows and build momentum near the $0.176 resistance level. A sustained move above this resistance could invalidate the bearish outlook, leading to an upward trend.
Analyst Predict Possible 16% Breakout
Analyst Ali Martinez has identified an ascending triangle pattern on Dogecoin price charts, indicating the potential for a breakout. This bullish pattern forms when higher lows develop while the price repeatedly tests a horizontal resistance level. In this case, the key range for a breakout is between $0.16 and $0.18.
Martinez suggests that if DOGE price closes outside this range, either upward or downward, a 16% price move could follow. A breakout above $0.18 could lead to further bullish momentum, while a breakdown below $0.16 may result in a sharp decline.
Trendline at $0.14269 Could Influence Meme Coin Rally
Moreover, analyst DOGE Capital noted that Dogecoin price is following a historical pattern observed in past market cycles. The analyst points to a repeating structure where DOGE accumulates within a triangular wedge before breaking out. The key support level to watch is around $0.14269, which has previously acted as a launchpad for the meme coin rally.
DOGE Capital’s analysis suggests that when DOGE price retests this historical trendline, it tends to rebound and initiate a strong upward move. If this pattern repeats, DOGE could see another bullish breakout in the coming weeks.
Meanwhile, following the Fed’s FOMC meeting, the meme coin has shown strong upward momentum. Analysts have identified key price targets at $0.38, $0.48, and $0.60, citing bullish market conditions and increased trading volume as driving factors.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
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.
In an astounding development, Shiba Inu’s burn rate has skyrocketed by nearly 500% over the last 24 hours. This has sparked widespread optimism, with analysts reinforcing their prediction that the Shiba Inu price will hit the coveted $0.01 target.
Let’s unveil SHIB’s surprising surge in the burn rate and its potential impacts on the Shiba Inu price.
Shiba Inu Price Targets $0.01 As Burn Rate Skyrockets
According to SHIBBURN, a platform that tracks the burn rate of Shiba Inu, SHIB has marked a dramatic spike in burns over the last 24 hours. Destroying over 14,052,230 SHIB tokens, the burn rate has increased by nearly 500% in a single day.
As of SHIBBURN’s latest data, the burn rate of Shiba Inu has surged by a whopping 495.55%. With this latest burn, the total number of Shiba Inu tokens permanently removed from circulation has reached 410,745,386,439,403. Now, the circulating supply has reached 584,352,017,567,164.
This significant development has invoked speculations of a possible Shiba Inu price rally, with many focusing on the ambitious $0.01 mark.
How Will the Burn Rate Hike Impact Shiba Inu Price?
Notably, tokens are burned to permanently remove them from circulation, reducing the total number of tokens. This process has a two-fold impact on the crypto market.
When Shiba Inu tokens are destroyed, it creates a scarcity of tokens, which, in turn, increases demand. This scarcity effect and the subsequent demand hike could theoretically push the token’s value higher. This could theoretically push the token’s value higher as their scarcity could increase demand.
In addition, a consistent burn rate can also have a profound impact on investor sentiment. When a platform regularly burns tokens, it demonstrates an active management of supply. This can foster confidence among investors, as they perceive the project as responsibly managing its token economy.
Thus, with the recent 500% hike in the SHIB burn rate, analysts and enthusiasts remain confident that the Shiba Inu price could hit the long-anticipated $0.01 range.
Is $0.01 Target on the Horizon?
As of press time, SHIB is valued at $0.00001276, down 1.28%. Despite a weekly surge of 1.76%, the Shiba Inu price has seen a massive dip of 17% over the past month.
Analysts remain bullish about Shiba Inu’s potential bullish rally. For instance, ZAYK Charts asserted that SHIB is breaking out of a falling wedge pattern, signaling a bullish move. As per his predictions, Shiba Inu will see a staggering 81.63% surge, hitting a critical point of $0.00002500.
Similarly, the analyst known on X as CW shared a short-term target for SHIB. According to him, Shiba Inu’s move past the falling wedge pattern signals its target of $0.000034. According to the Shiba Inu price prediction, SHIB may reach $0.0000143 in 2025.
Meanwhile, $0.01 remains the long-expected target for the Shiba Inu price. If the SHIB burn rate rises, the token could attain the goal.
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.
The ORCA token of Solana DEX Orca has seen a significant price surge following Upbit exchange’s recent listing. Notably, the ORCA price skyrocketed by a staggering 170%, hitting the highest point this year.
Interestingly, the ORCA price today reached a yearly high of $5.1021 from a mere low of $1.56. This surprising uptrend is primarily driven by South Korean crypto exchange Upbit’s new trading support for ORCA.
Let’s unveil the ORCA price’s recent uptick and Upbit’s significant contribution to the token’s bullish trend.
ORCA Price Skyrockets After Upbit Announces Support
In a surprising development, the South Korean crypto exchange Upbit, has announced trading support for ORCA, the native token of the Solana-based decentralized exchange (DEX), Orca.
On March 21, Upbit has confirmed the listing of Orca’s native token, ORCA, paired with KRW, BTC, and USDT on the Solana network, with trading set to begin on March 21 at 17:00 KST. This announcement has triggered a significant surge in the ORCA price, invoking a bullish sentiment.
Upbit Lists ORCA: Trading Details
Significantly, the ORCA price surge followed Upbit’s critical announcement. Upbit has officially declared its support for ORCA, with deposits and withdrawals set to go live within two hours of the announcement. Users will be able to start trading in another one hour.
However, Upbit has implemented certain restrictions to ensure a stable market. For instance, Upbit will restrict buy orders for ORCA for the initial five minutes. All orders, except limit orders, will be restricted for one hour. In addition, sell order prices will be capped at 10% less than the previous day’s closing price.
Though the ORCA price has been on a downtrend since December 6 when it hit a high of $8.70, the recent development has pushed the token to a bullish track. The ORCA token price touched the $5 mark for the first time in 2025.
Recently, South Korea has taken the initiative to strengthen its regulations over the crypto space. South Korea’s FIU is investigating the operations of unregistered crypto exchanges like KuCoin and BitMEX.
ORCA Price’s Future Trends: Expert Insights
At press time, ORCA is valued at $4.21, marking a significant uptick of 166.19% in a day. In addition, the ORCA price has experienced notable hikes of 172% and 114% over the past week and month, respectively. This positive trend is further reflected in the staggering 4676% increase in trading volume, which currently stands at $355.7 million, indicating an optimistic investor sentiment.
According to analysts’ ORCA price prediction, the token is expected to have a potential pullback as the RSI suggests that the token is currently overbought. For analyst gemxbt, $3.50 serves as the critical support level, while $4.50 acts as the crucial resistance level for the token price. Though ORCA has broken out of a period of consolidation, it is poised for potential corrections.
Upbit’s ORCA listing comes following the South Korean regulator’s increasing scrutiny over the exchange for allegedly violating KYC rules. In response, Upbit operator Dunamu filed a lawsuit against the FIU to cancel the business suspension order.
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.
Despite the recent attempt by the bulls, Ethereum price has struggled to regain past $2,000 levels recently. Market analysts believe that there’s enough possibility that ETH could see another 50% drop to $1,000 as some early ETH whales resolve to heavy profit booking.
Ethereum Price Struggles to Regain $2,000
Amid the overall market uncertainty, Ethereum continues to face some selling pressure as bulls fail to regain control over $2,000 levels. Crypto analyst Ali Martinez has stated that investors should maintain caution before building fresh positions in ETH.
“Ethereum hits $2,000. Cool, but zoom out! The big picture is brewing something bigger,” Martinez stated. As per the below chart shared by Martinez, if bulls fail to hold the Ethereum price above $2,050, it risks further falling to the next support at $1,500, and even below all the way to $1,095 levels, per his recent ETH price prediction.
As of press time, the ETH price is trading 2.26% down at $1,973 with its daily trading volume dropping over 40% to $12.21 billion. Furthermore, the ETH futures open interest has also dropped 4% under $20 billion. A recent ETH price prediction also hints that the crypto will hover near $2K for some time ahead.
Early ETH Whale Sells 34,125 Coins
Blockchain analytics platform SpotonChain reported that a major ETH whale appears to have secured a massive profit of $65.66 million, marking a staggering 4,156% return on investment. The whale’s holdings date back to March 2017 when they acquired the ETH from platforms like Changelly, Bitfinex, ShapeShift, and Binance at an average cost of just $46.3 per token.
The whale, identified as “0x086,” deposited its entire ETH holdings of 34,125 ETH to crypto exchange Coinbase a few hours ago. This transaction happened at an average Ethereum price of $1,970.
Currently, the ETH whale activity remains mixed as some big players are moving it from exchange and moving it to staking to earn the extra yield. These are specifically the long-term ETH holders holding with diamond hands.
BlackRock Explains Why Ethereum ETFs Are Struggling
Despite Ethereum price eyeing a relief rally past $2,000, there’s no major relief for spot Ethereum ETFs. The outflows have continued through March 2025 so far, highlighting a major drop in institutional sentiment.
While speaking at the Digital Asset Summit (DAS) in New York City, BlackRock’s head of digital assets Robbie Mitchnick explained the real reason behind this fall. Mitchnick suggested that the ETFs could have performed better if they had included staking, noting that the absence of this feature made the launch “less perfect.”
“A staking yield is a meaningful part of how you can generate investment return in this space. And all the [Ether] ETFs, of course, at launch did not have staking,” he said.
On Thursday, crypto asset manager Bitwise filed a proposal to introduce staking on Ethereum ETFs. The New York Stock Exchange (NYSE) has proposed amendments to allow the listing and trading of shares for the Bitwise Ethereum ETF, incorporating staking capabilities.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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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