Market
PENGU Price Crashes 26%, $1 Billion Market Cap in Jeopardy
![](https://coin2049.io/wp-content/uploads/2025/01/bic_PENGU_analysis_2-covers_bearish.jpg.optimal.jpg)
PENGU price has plunged nearly 26% in the last 24 hours, reaching its lowest levels ever. Once the biggest meme coin on Solana, it has now been overtaken by TRUMP, BONK, and DOGWIFHAT.
Technical indicators, including the Ichimoku Cloud and DMI, suggest that bearish momentum is still growing, increasing the risk of further declines. Unless a strong reversal occurs, PENGU could continue setting new lows in the short term.
PENGU Ichimoku Cloud Shows a Bearish Setup
The Ichimoku Cloud chart for PENGU shows a clear bearish trend. The price is trading below both the conversion line (blue) and the base line (red), indicating short-term and medium-term weakness.
The cloud (Kumo) is red and sloping downward, reinforcing the bearish sentiment. Additionally, the lagging span (green) is positioned below the price, confirming that bearish momentum has been dominant.
![PENGU Ichimoku Cloud.](https://beincrypto.com/wp-content/uploads/2025/01/PENGUUSDT_2025-01-28_12-54-57.png)
With the price consistently staying below the cloud, there are no immediate signs of a trend reversal. The widening gap between the conversion and base lines suggests increasing bearish momentum.
For a trend shift, the PENGU price would need to reclaim the conversion line and eventually move into or above the cloud. Still, for now, the Ichimoku indicators continue to show strong downside pressure.
PENGU DMI Signals Strengthening Downtrend
PENGU’s DMI chart shows that its ADX has risen to 20.16 from 14.6 in just one day, indicating that the strength of the current trend is increasing.
The ADX measures trend strength, with values below 20 suggesting weak or indecisive trends, while values above 25 indicate stronger trends. The recent increase suggests that PENGU current trend is gaining momentum, though it is not yet fully established.
![PENGU DMI.](https://beincrypto.com/wp-content/uploads/2025/01/Screenshot-2025-01-28-at-12.54.32.png)
Meanwhile, the +DI has dropped sharply from 31.4 to 15.49, signaling a decline in bullish pressure, while the -DI has surged from 16.8 to 37.42, showing strong selling dominance.
This shift confirms that PENGU price is in a downtrend, with bearish momentum increasing. With the ADX strengthening, the downtrend could persist unless buying pressure returns to counter the selling dominance.
PENGU Price Prediction: Will It Continue Testing New Lows?
PENGU, which has a market cap of $1.08 billion, is currently trading at its lowest levels ever, falling below $0.018 for the first time. Once the largest meme coin on Solana, it was surpassed by TRUMP, BONK, and DOGWIFHAT.
![PENGU Price Analysis.](https://beincrypto.com/wp-content/uploads/2025/01/PENGUUSDT_2025-01-28_12-54-11.png)
Given the bearish signals from both the Ichimoku Cloud and DMI indicators, the likelihood of PENGU dropping below $0.017 appears high. The price remains well below the cloud, while the ADX has risen, confirming that the downtrend is strengthening. The -DI dominance further supports continued downside pressure.
However, if momentum shifts and PENGU price can reclaim key levels, a trend reversal could lead to a test of the resistance at $0.022, with further upside potential if buying pressure strengthens.
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
Top AI Coins From Second Week of February: BAD, BNKR, ARC
![](https://coin2049.io/wp-content/uploads/2024/05/bic_Artificial-Intelligence_2-covers_neutral.jpg.optimal.jpg)
Some AI coins are recovering good momentum from past months, with Bad Idea AI (BAD), BankrCoin (BNKR), and AI Rig Complex (ARC) seeing strong price surges.
BAD, built on Ethereum, has skyrocketed 145% in the last seven days, while BNKR, a Base-chain AI trading bot, is up 85% over the same period. ARC, a Solana-based AI agent coin, has climbed 65%, bringing its market cap to $348 million and solidifying its position as the fourth-largest in the sector.
Bad Idea AI (BAD)
BAD is the native token of Bad Idea AI, a project focused on developing S.A.R.A.H, an artificial intelligence bot that users can interact with via Telegram.
Built on the Ethereum blockchain, BAD has surged approximately 145% in the last seven days, pushing its market cap close to $25 million.
![Price Analysis for BAD.](https://beincrypto.com/wp-content/uploads/2025/02/BADUSDT_2025-02-14_11-35-09.png)
In the last 24 hours alone, BAD’s price has jumped about 45%, with trading volume reaching $5.7 million.
However, if the momentum fades, BAD could test the support level at $0.0000000024, and a further breakdown could send it as low as $0.0000000013.
BankrCoin (BNKR)
BNKR has surged 85% in the last seven days, pushing its market cap above $21 million. Bankr, the AI-powered crypto companion behind the token, allows users to interact with its bot to perform multiple actions.
Built on the Base chain, Bankr enables users to buy, sell, and swap assets simply by sending a message to the bot. This kind of application makes DeFAI one of the hottest narratives for 2025, as more platforms integrate AI to enhance portfolio management and trading automation.
![Price Chart for BNKR.](https://beincrypto.com/wp-content/uploads/2025/02/Screenshot-2025-02-14-at-11.52.55.png)
If BNKR maintains its strong momentum, it could test the $0.00030 level again, with a potential breakout pushing it to $0.0004, a new all-time high.
However, if buying pressure weakens, BNKR could drop below $0.00020, potentially falling to $0.00015 or even below $0.00010 if selling intensifies.
AI Rig Complex (ARC)
ARC is a Solana-based AI coin that was initially launched on Pumpfun. One of its key products is the Rig Framework, a system designed for building and managing lightweight crypto AI agents.
![Price Analysis for ARC.](https://beincrypto.com/wp-content/uploads/2025/02/ARCUSDT_2025-02-14_12-01-46.png)
In the last seven days, ARC has surged 65%, bringing its market cap to $348 million. This growth cements its status as the fourth-largest AI agent coin in the market.
If the bullish momentum persists, ARC could soon test the $0.44 resistance level, with a potential breakout pushing it to $0.63, its highest price since January 22. However, if the rally fades, ARC may decline to test support at $0.31, and a break below that could send it further down to $0.24 or even $0.138 if selling pressure intensifies.
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
SEC Prepares to Drop Lawsuit Against Coinbase
![](https://coin2049.io/wp-content/uploads/2024/06/bic_coinbase-covers_bullish.jpg.webp.webp)
The SEC signaled that it’s willing to drop its lawsuit against Coinbase, asking for 30 days to review the exchange’s appeals. It paused a lawsuit against Binance earlier this week, showing a clear end to Gary Gensler’s crypto crackdown.
This aligns with a broader shift toward a more lenient regulatory approach to crypto. If there is no argument that crypto exchanges must comply with traditional regulations, the industry will need to work fast to make its own rulebook.
SEC To Drop Coinbase Lawsuit
The SEC’s lawsuit against Coinbase was one of the largest crypto enforcement actions of Gary Gensler’s tenure as Chair. In 2023, the Commission filed a suit against Coinbase, claiming that crypto exchanges like it would have to comply with the same regulations as stock exchanges and brokerages. Now, according to the Wall Street Journal, it’s all about to end.
“We expect Coinbase’s existing litigation with the SEC to be wholly or partially rescinded,” said Matthew Sigel, VanEck’s Head of Digital Research, quoting a representative from Citigroup.
Coinbase, one of the world’s leading crypto exchanges, tried a wide variety of tactics in its fight with the SEC. It moved to appeal, filed countersuits against the Commission, and more before it found the winning strategy. The exchange began leaning on the crypto industry’s Congressional allies, casting this fight as central to the future of American crypto.
If Coinbase defeated the SEC here, it’d be able to help craft legislation tailor-made for the crypto industry. To this end, it made major contributions to Fairshake, the pro-crypto Super PAC, and CEO Brian Armstrong forged personal connections with President Trump. Since Trump’s victory, the pieces have fallen into place.
As the start of Trump’s second term approached, Coinbase began scoring major court wins against the SEC. Earlier this month, its CLO testified before Congress on a largely unrelated matter, and its Shareholder Letter explicitly described its massive gains with the regulatory apparatus. Thanks to this development, the future appears to be wide open.
Technically, the SEC hasn’t dropped the Coinbase lawsuit yet. It merely claimed it “could facilitate the potential resolution” of the legal battle, asking for 30 days to review the exchange’s appeal. Nonetheless, it seems very likely that the Commission will drop these charges, as it paused a suit against Binance earlier this week.
The ball is now fully in Coinbase’s court. It will soon be freed from Gary Gensler’s crypto crackdown and well-positioned to craft positive regulations that work for the industry. There is no clear timeline for when this regulation may advance, but the momentum behind it is huge. Today, it’s indisputable: crypto is in its political ascendancy.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Cardano Whales Buy $136 Million in ADA: Potential for Breakout?
![](https://coin2049.io/wp-content/uploads/2024/07/bic_Cardano-covers_ADA_neutral_1-1.png)
Cardano (ADA) has faced significant losses in recent weeks due to a sharp drawdown in the market. Despite these losses, a particular cohort of ADA holders has found an opportunity to accumulate at lower prices.
Their actions could help support a potential breakout rally, positioning Cardano for future growth.
Cardano Whales To The Rescue
Addresses holding between 10 million and 100 million ADA have added over 170 million ADA, worth nearly $136 million, in just five days this week. These whales have seized the opportunity to accumulate at low prices, showing optimism for a recovery. Their confidence in the future price movement could provide critical support for ADA’s price.
The whale activity indicates that a portion of the investor base remains bullish on Cardano’s long-term prospects. With significant buying pressure coming from these larger investors, ADA may be able to push higher, provided the broader market conditions align and support the upward trend.
![Cardano Whale Holdings](https://beincrypto.com/wp-content/uploads/2025/02/Cardano-ADA-12.41.43-14-Feb-2025.png)
The overall macro momentum of Cardano is still influenced by bearish signals, especially when analyzing technical indicators like the Ichimoku Cloud. Currently, the cloud and the baseline are hovering above the candlesticks, signaling potential resistance in the coming days. This resistance could delay ADA’s recovery as it attempts to break higher.
Despite the buying activity from whales, Cardano could face short-term challenges in overcoming the resistance created by the Ichimoku Cloud. For a successful breakout, ADA will need to clear this resistance and gain solid support from the market. Without this, Cardano’s rally may stall before reaching its target levels.
![Cardano Ichimoku Cloud](https://beincrypto.com/wp-content/uploads/2025/02/SuWBP6zx.png)
ADA Price Prediction: Rally Ahead
Cardano is currently breaking out of a descending wedge pattern, a technical setup that projects a potential 26% rally. Trading at $0.79, ADA needs to flip the $0.85 resistance level into support to confirm the breakout. If this occurs, Cardano could make significant gains in the near future.
With a 26% rally in play, the target price for Cardano could reach $1.01. However, ADA might face challenges pushing past the $1.00 mark, a level it hasn’t seen for nearly three weeks. The previous resistance at $1.00 could prove difficult to breach, requiring strong market momentum and sustained investor interest.
![Cardano Price Analysis.](https://beincrypto.com/wp-content/uploads/2025/02/u2AbWcob.png)
If ADA fails to breach and secure the $0.85 support level, it could fall back to test $0.77. This level serves as a crucial support line and the invalidation point for the current pattern. A drop below $0.77 would invalidate the bullish outlook, potentially pushing Cardano down to $0.70.
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.
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