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
SOL Price Eyes Rebound as Whale Buying and Golden Cross Align
![](https://coin2049.io/wp-content/uploads/2024/09/bic_solana_ETF-covers_positive.jpg.optimal.jpg)
Solana (SOL) price is attempting to recover the $200 level after recently dipping below $190. This rebound comes as its market cap nears $97 billion, reflecting renewed investor interest.
Technical indicators suggest that SOL could gain further momentum if a golden cross forms, potentially pushing the price toward $209 and beyond. However, if buying pressure weakens, SOL could face another pullback, with key support levels at $187 and $175.8.
Solana Whales Are Attempting to Recover
The number of SOL whales – wallets holding at least 10,000 SOL – has seen a significant decline in recent days, dropping from 5,131 on February 4 to 5,053 on February 11.
This follows an all-time high of 5,167 on January 25, after which whale holdings began decreasing. Such a decline suggests that some large holders were offloading their positions, potentially creating selling pressure on SOL price.
![SOL Whale Addresses.](https://beincrypto.com/wp-content/uploads/2025/02/glassnode-studio_sol-number-of-addresses-with-balance-10k.png)
Tracking whale activity is crucial as these large holders play a key role in market movements. After hitting 5,053, the number of whales has started rising again, currently at 5,090.
This slow recovery could indicate renewed confidence among big investors, but the overall trend remains uncertain. If whale accumulation continues, it could support Solana price, while stagnation or another decline may signal further weakness.
Solana DMI Shows the Buyers Are Trying to Take Control
Solana Directional Movement Index (DMI) chart shows its Average Directional Index (ADX) at 18.7, down from 22.2 yesterday. A declining ADX suggests weakening trend strength, indicating that the previous downtrend may be losing momentum.
Meanwhile, the +DI has risen from 11.3 to 19, while the -DI has dropped from 26.4 to 19, signaling a shift in buying and selling pressure.
![SOL DMI.](https://beincrypto.com/wp-content/uploads/2025/02/Screenshot-2025-02-14-at-09.59.39.png)
The ADX measures trend strength on a scale from 0 to 100, with values above 25 indicating a strong trend and values below 20 suggesting weak or indecisive movement.
With ADX declining and +DI rising while -DI falls, Solana appears to be attempting a trend reversal. If buying pressure continues to increase, SOL could establish a new uptrend, but if ADX remains low, the market may stay in consolidation before a clearer direction emerges.
SOL Price Prediction: Can Solana Sustain Levels Above $200?
Solana price is attempting to reclaim the $200 threshold after recently dipping below $190. One of its short-term moving averages is close to crossing above another, which could lead to a golden cross.
If this bullish signal materializes, SOL could rise to test $209, and a breakout above that level may push it toward $219.9. If momentum from the previous month returns, SOL price could even rally to $244, marking its highest level since late January.
![SOL Price Analysis.](https://beincrypto.com/wp-content/uploads/2025/02/SOLUSDT_2025-02-14_09-59-11.png)
However, if SOL fails to establish an uptrend, it could face renewed selling pressure.
A drop to the $187 support level is possible, and if that fails to hold, SOL could decline further to $175.8.
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
3 New Cryptos Launched This Week to Keep an Eye On
![](https://coin2049.io/wp-content/uploads/2024/11/BIC_altcoins-covers_neutral1.png.webp.webp)
BROCCOLI, FULLSEND, and B3 are among the top-performing new cryptos this week. BROCCOLI, a meme coin on BNB Chain, has skyrocketed to a $151 million market cap in just a day, fueled by hype around Binance founder CZ’s dog.
On Solana, FULLSEND has surged over 260% in 24 hours, reaching a $54 million market cap with more than 164,000 transactions. Meanwhile, B3, a gaming-focused project on Base, now holds a $203 million market cap, ranking as the eighth-largest token on the chain despite recent price fluctuations.
CZ’s Dog (BROCCOLI)
The crypto market has been flooded with various “BROCCOLI” tokens after Binance founder Changpeng Zhao revealed his dog’s name, sparking mixed reactions from the community.
For this analysis, the focus is on the BROCCOLI token with the address 0x6d5AD1592ed9D6D1dF9b93c793AB759573Ed6714, which is built on the BNB Chain. Among the many meme coins emerging from this trend, this version has gained the most traction.
![Trending Coins.](https://beincrypto.com/wp-content/uploads/2025/02/Screenshot-2025-02-14-at-12.47.47.png)
Launched just a day ago, BROCCOLI has already attracted over 35,000 holders, making it the biggest new crypto on BNB Chain this week and one of the biggest new cryptos among all chains.
With a market cap of $151 million and more than 155,000 transactions in the last 24 hours, its explosive growth suggests it could become one of the next major meme coins.
![BROCCOLI Price Chart and Market Data.](https://beincrypto.com/wp-content/uploads/2025/02/Screenshot-2025-02-14-at-12.49.27.png)
BROCCOLI’s RSI is currently at 48, signaling neutral momentum with no immediate overbought or oversold conditions.
This means that BROCCOLI could still gain momentum if demand continues, but if enthusiasm fades, it may consolidate or face a potential pullback.
Fullsend Community Coin (FULLSEND)
FULLSEND launched just four days ago on Pumpfun and has quickly gained massive traction, reaching a market cap of $54 million. In the last 24 hours alone, it recorded over 164,000 transactions and attracted more than 20,000 holders. That makes it one of the most actively traded new cryptos on Solana.
![FULLSEND Price Chart and Market Data.](https://beincrypto.com/wp-content/uploads/2025/02/Screenshot-2025-02-14-at-12.29.06.png)
Rising over 260% in the past day, FULLSEND has established itself as one of the biggest new cryptos launched on Solana this week, hitting the $50 million market cap milestone within just three days. With an RSI of 57.9, FULLSEND still has room for further upside if buying pressure continues.
As momentum builds, FULLSEND’s next moves will depend on whether it can sustain its strong trading volume and holder growth. If demand remains high, it could push toward new highs. It could reach $100 million in market cap in the next few days.
B3
B3 has been trending in the last few days, making it one of the fastest-growing new cryptos on Base in recent months. Founded by former Base team members, it is a gaming-focused project that has quickly gained attention. It quickly became one of the most discussed gaming coins of this cycle.
![B3 Price Chart and Market Data.](https://beincrypto.com/wp-content/uploads/2025/02/Screenshot-2025-02-14-at-12.40.13.png)
Launched almost five days ago, B3 has already climbed to become the eighth-largest coin on Base. Despite a 30% decline in the last 24 hours, the project continues to attract investors. It has over 105,000 holders and a market cap exceeding $203 million.
B3’s RSI currently sits at 36.6, indicating that it is approaching oversold territory. Typically, an RSI below 30 suggests an asset is oversold and could be due for a rebound, while an RSI above 70 signals overbought conditions.
The post 3 New Cryptos Launched This Week to Keep an Eye On appeared first on BeInCrypto.
Market
Crypto Pundit Reignites $100 XRP Price Target, What You Should Know
![](https://coin2049.io/wp-content/uploads/2025/02/XRP-from-Adobe-Stock-2.jpg)
Crypto pundit Andrei Jikh has reignited the $100 XRP price target, sparking a bullish sentiment in the XRP community. The analyst outlined several factors that could contribute to the parabolic rally to the ambitious $100 target.
Factors That Could Contribute To The $100 XRP Price Target
In a YouTube video, Jikh highlighted a potential end to the Ripple SEC lawsuit as one of the factors that could spark the XRP price rally to the $100 target. He cited the SEC’s removal of the Ripple case from its website, which indicates that legal pressure is easing. The Commission’s agreement with Binance to pause their ongoing legal battle has also sparked optimism that the Ripple lawsuit could soon end.
Related Reading
Jikh then alluded to a Nasdaq report stating that 80% of Japanese banks are set to adopt XRP for global payments. The analyst is confident that this move will cause adoption to skyrocket, which could contribute to the projected rally to $100. He noted that Japan’s banking system is huge, which makes this a big deal for the altcoin.
Furthermore, the crypto pundit highlighted the potential approval of the XRP ETFs as another factor that could drive the XRP price to the $100 target. He noted how the Bitcoin price surged to new highs after the Bitcoin ETFs were approved, and Jikh believes something similar could happen.
Another factor that the crypto analyst believes could contribute to the XRP price rally to $100 is the possibility of Ripple’s payment system replacing SWIFT. He highlighted how the global payment industry is worth trillions of dollars. As such, Ripple processing a huge chunk of these global payments could cause XRP’s utility and demand to skyrocket, ultimately impacting its price.
Other Bullish Fundamentals For The Altcoin
Meanwhile, Jikh also alluded to the XRP Ledger (XRPL) and Ripple’s Real USD (RLUSD) as factors that could contribute to the XRP price rally to $100. He noted that the XRPL processes around 1,500 transactions, making it a potential option for tokenization plans, which is bullish for the asset.
Related Reading
If the XRPL becomes the go-to platform for tokenizing real-world assets such as stocks and bonds, this will help drive demand up and make the crypto more valuable. The RLUSD stablecoin is also bullish for XRP as its burn mechanism helps remove XRP from circulation as its utility grows.
Jikh then alluded to the possibility of Ripple CEO Brad Garlinghouse being on the White House Crypto Advisory Council. This is especially bullish for the XRP price as Garlinghouse being on the Council could cement its place in the newly-created US sovereign wealth fund.
At the time of writing, the asset’s price is trading at around $2.55, up over 4% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
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