Between November 20 and 23, Dogecoin (DOGE) whales reduced their holdings — the same week the cryptocurrency reached a yearly high. This decrease in exposure caused DOGE’s price to dip to $0.36.

However, that is no longer the situation today, as these key stakeholders have resumed buying. Here is how this could affect Dogecoin’s value going forward.

Big Wigs Won’t Let Dogecoin Go Without Buying

According to Santiment, the balance of addresses holding between 1 million and 10 million DOGE dropped to 10.39 billion on November 23 but has since risen to 10.59 billion.

This indicates that Dogecoin whales took advantage of the weekend dip, accumulating approximately 200 million coins. At DOGE’s current price of $0.42, this equates to $84 million worth of purchases. Such whale accumulation often indicates a reduction in selling pressure.

Consequently, this surge in buying activity suggests that Dogecoin’s price could be gearing up for a climb beyond its current $0.42 level. Should that be the case, then the prediction that the meme coin could hit $1 might come to pass.

Additionally, the Average Directional Index (ADX) has been climbing steadily. The ADX is a technical analysis tool that helps traders evaluate the strength of a trend, whether bullish or bearish.

When the ADX exceeds 25, it signals strong directional momentum. Conversely, a reading below 25 suggests weak movement. On Dogecoin’s daily chart, the ADX has surged to 68.00, indicating a significant uptrend. With the coin trending higher, this suggests that DOGE’s price could continue to rise.

DOGE Price Prediction: $1 Still Feasible

A further look at the daily chart shows that Dogecoin’s price experienced resistance at $0.43. This decline was one reason the cryptocurrency failed to rally to $0.50. It is also important to mention that trading volume dropped, making it challenging for the uptrend to continue.

Meanwhile, it appears that bulls are defending the $0.36 region. If sustained, then DOGE’s value could climb towards $0.48. In a highly bullish scenario, the meme coin could rally toward the $1 mark.

However, if DOGE whales decide to sell, this might not happen. Instead, the coin might decline to $0.32.

Ethereum (ETH) price has climbed 46.11%, marking impressive growth but still making it the second-worst performer among the top 10 largest cryptocurrencies. Its recent rally is supported by increasing whale accumulation and a 7-day MVRV signaling neutral to slightly bullish sentiment.

However, key resistance at $3,600 could determine whether ETH continues its upward trajectory toward $4,000 for the first time since December 2021. On the downside, a reversal could lead to a significant correction, with strong support at $3,000 and a potential drop to $2,359 if bearish pressure intensifies.

ETH 7D MVRV Shows An Important Threshold To Be Surpassed

Ethereum MVRV 7D is currently at 3.8%, signaling a neutral to slightly bullish position in terms of short-term profit-taking behavior. The MVRV 7D metric compares the market value to the realized value for coins moved in the past seven days, providing insights into the profitability of recent traders.

When MVRV 7D is low, it indicates that traders are holding at a loss or minimal profit, reducing selling pressure, whereas higher values suggest increasing profit-taking risks.

Historically, ETH price has struggled to maintain upward momentum when its MVRV 7D enters the 5–7% range, often triggering corrections. However, its recent rise to 13% before a 10% correction shows that breaking this zone could fuel sustained bullish momentum.

If MVRV 7D exceeds the 7% threshold again, ETH price may experience significant gains, potentially surpassing 10%, as bullish sentiment builds and traders resist taking profits in anticipation of further upside.

Ethereum Whales Are Back

The number of Ethereum whales holding at least 1,000 ETH is nearing its monthly high of 5,561, currently sitting at 5,557. Tracking whale activity is essential because these large holders significantly influence market trends through their buying and selling behavior.

Increases in whale numbers often signal growing confidence in the asset, supporting price stability or upward momentum, while declines can indicate reduced interest and potential selling pressure.

After rising from 5,527 to 5,561 over six days, the number of whales dropped to 5,535 on November 20, suggesting a brief period of profit-taking or reduced accumulation. However, the recent recovery to 5,557 within a week reflects renewed interest and accumulation among large holders.

This rebound suggests growing optimism in the market, which could support Ethereum price stability and pave the way for further upward movement if the trend continues.

ETH Price Prediction: Can It Get Back To $4,000?

If Ethereum maintains its current uptrend, it could soon test resistance at $3,600, a critical level for sustaining bullish momentum.

Breaking above this resistance would place Ethereum price just 11% away from reclaiming the $4,000 mark, a price it hasn’t reached since December 2021. Such a move would likely fuel further optimism and attract more buying interest, reinforcing the upward trend.

However, if the uptrend slows and reverses, ETH price will have strong support at $3,000, a key level to prevent significant declines.

If this support fails, the price could drop as low as $2,359, marking a potential 31% correction from current levels.

Ripple (XRP) price has surged 182.80% in the last 30 days and 30.26% in the past week. While its EMA lines remain bullish, with short-term lines above long-term ones, indicators like RSI and CMF suggest the uptrend could be losing steam.

A weakening momentum might lead XRP to test support at $1.05, with the risk of falling below $1 if selling pressure grows. However, if buyers regain control, XRP could target resistance at $1.63 and potentially reach $1.7, its highest price since 2018.

XRP RSI Is In A Neutral Zone

Ripple RSI is currently at 58, a decline from over 70 just a few days ago. The RSI, or Relative Strength Index, measures the momentum of price movements on a scale from 0 to 100, with values above 70 indicating overbought conditions and potential for a pullback, while values below 30 suggest oversold conditions and possible price recovery.

The drop from 70 to 58 reflects cooling bullish momentum, signaling that the recent rally may be slowing down without yet entering bearish territory.

An RSI at 58 suggests XRP remains in a healthy range, leaning toward bullish sentiment but with reduced buying pressure compared to earlier levels. Following a 30.26% price surge in the last seven days, the RSI decline indicates a period of consolidation may be ahead.

If RSI continues to fall, it could hint at increased selling pressure, potentially leading to a price correction. However, if the RSI stabilizes or rises, XRP price could regain momentum and attempt further upside.

Ripple CMF Is Heavily Declining

XRP’s CMF is currently at 0.02, a decline from 0.11 just two days ago, indicating a significant reduction in buying pressure. The CMF, or Chaikin Money Flow, measures the flow of capital into or out of an asset over a period, with values above 0 indicating net inflows (buying pressure) and values below 0 reflecting net outflows (selling pressure).

Since November 22, Ripple CMF has remained positive, signaling that buyers have consistently maintained dominance despite the recent decline.

With a CMF at 0.02, Ripple still reflects a slight net inflow of capital, suggesting the bullish sentiment has not entirely faded but is weakening. If CMF turns negative, it would indicate a shift to net outflows, potentially signaling increased selling pressure and a possible price correction.

For now, the positive CMF supports a cautiously optimistic outlook, but further declines could signal the beginning of a bearish trend for XRP price momentum.

Ripple Price Prediction: Is $1.7 On The Horizon?

XRP’s EMA lines maintain a bullish setup, with short-term lines positioned above long-term ones, indicating that the overall trend remains upward. However, other indicators like the CMF and RSI suggest that the uptrend may be losing momentum.

If the bullish trend weakens further and a downtrend emerges, XRP price could test key support around $1.05, with the potential to fall below $1 if selling pressure intensifies.

On the other hand, if the uptrend regains strength, XRP price could break through its resistance at $1.63 and aim for $1.7, which would mark its highest price since 2018.