Market
Dogecoin (DOGE) Price Climbs 128%, Coin Marks 11 Years

Dogecoin (DOGE) price has recently seen significant growth, up 128% in the last 30 days, marking a major milestone as it celebrates 11 years since its launch in 2013 by Billy Markus and Jackson Palmer. As the largest meme coin in the market, with a market cap approaching $65 billion, DOGE continues to hold strong attention.
However, the DOGE Ichimoku Cloud chart is showing mixed signals. While the price remains above the cloud, indicating favorable market sentiment, the narrowing distance between the price and the cloud suggests potential volatility, which could either lead to continued gains or a reversal depending on future price action.
DOGE Ichimoku Cloud Shows Mixed Signals
The DOGE Ichimoku Cloud chart shows an overall bullish trend with the price positioned above the cloud, indicating that the market sentiment is still favorable for Dogecoin.
The green line (Tenkan-sen) and the blue line (Kijun-sen) are above the red (Senkou Span A) and orange (Senkou Span B) lines, further suggesting upward momentum.

The price remains above the cloud, a key signal for potential further gains. However, this distance is narrowing.
The recent consolidation near the top could signal either a continuation or a reversal, depending on how the price interacts with the cloud and the lines. If DOGE price were to fall below the cloud, this would suggest a bearish outlook.
Dogecoin Trend Could Turn Negative
The recent drop in DOGE’s ADX from above 30 to 15.2 indicates a weakening trend strength. An ADX below 20 generally signals a lack of trend momentum, suggesting that the recent bullish momentum behind DOGE is fading.
This decline in ADX suggests that the market may be entering a consolidation phase, with no clear trend direction, after a period of strong upward movement.

The Average Directional Index (ADX) measures the strength of a trend, regardless of whether it’s bullish or bearish. It ranges from 0 to 100, with values above 25 typically indicating a strong trend, and values below 20 signaling weak or no trend. With D+ at 18.7 and D- at 20.4, D- surpassing D+ signals that selling pressure is gaining strength.
Combined with the low ADX, this suggests that DOGE could be losing momentum, with the potential for a price pullback or further consolidation as selling pressure begins to outweigh buying activity.
DOGE Price Prediction: Will Dogecoin Fall Below $0.30?
Dogecoin price could be facing a potential correction, as its short-term EMA lines are on the verge of crossing below one of the long-term EMA lines, which would form a death cross. A death cross typically signals a shift from an uptrend to a downtrend, and if this happens, DOGE price may see a decline.
The crossover of these lines indicates weakening bullish momentum and suggests that the price could face downward pressure in the near future.

If the death cross does occur, DOGE price could first test support at $0.36 and $0.34. Should these levels fail to hold, the price could drop further, potentially reaching as low as $0.219.
However, if the uptrend continues and D+ (positive directional movement) strengthens over D- (negative directional movement), DOGE could regain bullish momentum and test the $0.48 level again, possibly even rising to $0.50 for the first time since 2021.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Consolidation About To Reach A Bottom, Wave 5 Says $5.85 Is Coming

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XRP is still in consolidation mode after hitting a new seven-year high in January 2025. This consolidation has seen the price drop slowly, but steadily, losing around 40% of its value since then. Currently, bulls seem to have created support for the altcoin at $2, as this level continues to hold even through crashes. Thus, it has created the expectation that the bottom could be close for the XRP price, and this could serve as a bounce-off point.
XRP Price Consolidation Could Be Over Soon
Taking to X (formerly Twitter), crypto analyst Dark Defender revealed that the consolidation that the XRP Price has been stuck in for months now is coming to an end. The analyst used the monthly chart for the analysis, calling out an end and a bottom for the XRP price. According to him, this is actually the “Final Consolidation” for XRP, suggesting that this is where a breakout would start from.
Related Reading
With the consolidation expected to come to an end soon, the crypto analyst highlights what could be next for the altcoin using the 5-Wave analysis. Now, in total, these five waves are still very bullish for the price and could end up marking a new all-time high.
For the first wave, Dark Defender calls it the Impulsive Wave 1, which is expected to begin the uptrend. This first wave is expected to push the price back to $3 before the second wave starts, and this second wave is bearish.
The second wave would trigger a crash from $3 back toward $2.2, providing the setup for the third wave. Once the third wave begins, this is where the crypto analyst expects the XRP price to hit a new all-time high. The target for Wave 3 puts the XRP price as high as $5, clearing the 2017 all-time high of $3.8.

Next in line is the fourth wave, which is another bearish wave. This wave will cause at least a 30% crash, according to the chart shared by the crypto analyst, taking it back toward the $3 territory once again. However, just like the second bearish wave, the fourth bearish wave is expected to set up the price for a final and more explosive Wave 5.
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Once the fifth wave is in action, a brand-new all-time high is expected to happen, with the price rising over 100% from the bottom of the fourth wave. The target for this, as shown in the chart, is over $6.
As for the crypto analyst, the major targets highlighted during this wave action are $3.75 and $58.85. Then, for major supports and resistances, supports are $1.88 and $1.63, while resistances lie at $2.22 and $2.30.
Featured image from Dall.E, chart from TradingView.com
Market
Despite an 18% Drop, XRP’s Exchange Supply Hits Lows—Bullish Setup Ahead?

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XRP has been trading under pressure in recent weeks, losing much of the momentum it built during its late 2024 to early 2025 rally. After reaching highs above $3.40, the asset has experienced an 18.3% decline over the past month, reflecting broader market softness.
At the time of writing, XRP trades significantly below its peak at a price of $2.06, with subdued investor activity and falling market participation across both spot and derivatives markets.
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XRP On-Chain Activity Slows, But Price Remains Relatively Stable
Amid XRP’s decline, a CryptoQuant analyst known as EgyHash has recently shared his analysis on the altcoin in a post titled, “XRP’s Market Paradox: With Ledger Activity Dipping 80%, Is a Rebound on the Horizon?”
According to EgyHash, XRP’s on-chain and futures market data presents a mixed picture—declining activity but resilience in price. EgyHash noted that XRP Ledger activity has fallen sharply since December, with the percentage of active addresses down by 80%.
Similar declines have been observed in the futures market, where open interest has dropped roughly 70% from its highs, and funding rates have occasionally turned negative.

He added that the Estimated Leverage Ratio, which gauges average user leverage by comparing open interest to coin reserves, has also dropped significantly.
Despite these indicators pointing to weakening momentum, the altcoin’s price has only declined about 35% from its peak. This is a milder correction compared to other assets such as Ethereum, which has fallen roughly 60% over the same period.
Additionally, the altcoin’s Exchange Reserve has continued to decline, reaching levels last observed in July 2023. Lower reserves typically suggest that fewer tokens are available for immediate sale, a factor that can help support prices during market downturns.

According to EgyHash, this trend, along with relatively stable pricing, could indicate growing long-term confidence in the asset.
Institutional Developments Could Strengthen Market Sentiment
While on-chain metrics remain a focus, institutional developments may also play a role in shaping XRP’s future trajectory. Hong Kong-based investment firm HashKey Capital recently announced the launch of the HashKey XRP Tracker Fund—the first XRP-focused investment vehicle in Asia.
Backed by Ripple as the anchor investor, the fund is expected to transition into an exchange-traded fund (ETF) in the future. The initiative is designed to attract more institutional capital into the XRP ecosystem.
HashKey Capital is launching Asia’s first XRP Tracker Fund—with @Ripple as an early investor.
This marks a major step in expanding institutional access to XRP, the third-largest token by market cap. 🧵👇
— HashKey Capital (@HashKey_Capital) April 18, 2025
HashKey Capital has also indicated that this collaboration with Ripple could lead to further projects, including tokenized investment products and decentralized finance (DeFi) solutions.
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Vivien Wong, a partner at HashKey, emphasized the strategic value of integrating Ripple’s network with regulated investment infrastructure across Asia.
Although the altcoin faces near-term pressure, long-term developments, including decreasing exchange reserves and rising institutional interest, may support its recovery as the broader market stabilizes.
Featured image created with DALL-E, Chart from TradingView
Market
Matchain’s Petrix Barbosa Talks the Future of Digital Identity

In an engaging session during Paris Blockchain Week, BeInCrypto caught up with Petrix Barbosa, the innovative mind behind Matchain, a blockchain venture that’s reshaping how digital identity and data sovereignty are approached.
Barbosa, who transitioned from a successful career as a venture capitalist, where he managed investments across 250 projects, brings a wealth of experience and a unique perspective to the blockchain landscape. Petrix Barbosa’s insights reveal a compelling vision for the future of blockchain, focusing on user empowerment and innovative use of technology to solve enduring problems in digital identity and data management.
Petrix Barbosa Discusses Matchain and its Mission
Matchain is a layer 2 blockchain platform that primarily addresses the challenges of identity and data sovereignty. Our mission is to empower users by giving them control over their digital identities and data, thus ensuring that they’re the primary beneficiaries of their online presence.
Barbosa on His Pivot from Venture Capital
In my time as an investor, I witnessed many great ideas fail to reach their potential due to the lack of a substantial user base or poor market timing. This inspired me to transition from funding projects to creating a platform that not only serves my vision but also provides tangible solutions to widespread issues in the blockchain community—primarily, user engagement and application.
Matchain’s Innovations in the Area of Identity Sovereignty
Matchain introduces a novel approach to managing digital identity. Unlike traditional models where user data is siloed across various platforms, Matchain allows users to have a single digital identity that spans across both Web2 and Web3. This is crucial for enabling a seamless transition and interaction between these two worlds.
How Matchain Integrates Existing Web2 Infrastructure
Our platform acts as a bridge between the decentralized ecosystem of Web3 and the more traditional Web2 infrastructure. By allowing users to manage their digital identities across both platforms, we facilitate a smoother interaction that enhances user experience while maintaining high security and trust.
Future Developments From Matchain
Looking ahead, we aim to expand our user base significantly. Currently, we are backed by strategic partnerships, like the one with Paris Saint-Germain, which not only broadens our exposure but also integrates our technology into mainstream applications.
In the next two years, we plan to onboard millions of users, leveraging our innovative solutions to enhance their digital interactions.
Barbosa on Unique Challenges in Developing Matchain
The biggest challenge was shifting the focus from simply creating a blockchain solution to ensuring it was user-centric and capable of addressing real-world problems. This involved integrating AI to manage and analyze data effectively, ensuring that our platform could deliver personalized and contextually relevant experiences to users.
Matchain Over the Next Five Years
In five years, I envision Matchain at the forefront of blockchain technology, leading the charge in digital identity management and data sovereignty. Our platform will likely become a critical tool for users and companies looking to navigate the complexities of the digital age securely and efficiently.
Disclaimer
In compliance with the Trust Project guidelines, this opinion article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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