Dogecoin has suffered a significant downturn, dropping nearly 25% in the past week and reaching a two-month low. The recent price decline has weakened investor confidence, leaving DOGE vulnerable to further corrections. 

While bearish sentiment dominates, there is possible scope for recovery if key market conditions align in favor of buyers.  

Dogecoin Investors Have A Shot

The weighted sentiment for Dogecoin has entered negative territory as skepticism grows among investors. The ongoing decline and lack of a meaningful recovery have contributed to bearish outlooks.

Without a strong upward push, DOGE holders may continue exiting their positions, further increasing selling pressure and slowing any potential rebound.  

As uncertainty rises, liquidity and active addresses could decline, making it difficult for DOGE to sustain buying momentum. Historically, prolonged periods of negative sentiment have resulted in lower network participation.

If this trend persists, Dogecoin may struggle to recover in the short term, keeping price action constrained under key resistance levels.  

The broader market outlook for Dogecoin suggests a potential buying opportunity, as indicated by the Market Value to Realized Value (MVRV) ratio. Currently sitting at -23%, the metric is below the historical opportunity zone, which ranges between -9% and -21%. In past cycles, DOGE has rebounded from these levels.  

Investors seeking to accumulate at lower prices could take advantage of current conditions, potentially driving DOGE’s price higher. If accumulation increases, the meme coin may experience a gradual recovery.

DOGE Price Prediction: Breaching Barriers

Dogecoin is trading at $0.248, marking a 25% crash over the past week. If the bearish pressure continues, the price could drop further toward $0.220, extending recent losses.

The ability to maintain support at this level will be crucial in determining whether DOGE can stabilize.  

The current market signals remain mixed, suggesting that DOGE may consolidate between $0.220 and $0.268. Without a breakout, price movement could remain stagnant within this range. 

For Dogecoin to regain lost ground, it must breach the $0.268 resistance level. Successfully flipping this barrier into support would open the door for a rally toward $0.311.

If achieved, this move would invalidate the bearish outlook and help DOGE recover a portion of its recent losses.

XRP has faced increasing selling pressure as bearish market conditions have pushed the altcoin to a monthly low. Investors looking for a recovery may be disappointed, as the altcoin remains vulnerable to further declines. 

Weak market participation and negative momentum are signaling the potential for additional losses in the near term.  

XRP Investors Are Skeptical

The Price Daily Active Addresses (DAA) Divergence indicator is currently flashing a sell signal. This bearish signal stems from a combination of falling prices and declining investor participation.

With fewer active addresses interacting with the network, buying momentum appears to be weakening, making XRP vulnerable to continued downside movement.  

As the drawdown continues, investors are stepping back, further dampening buying interest. If this trend persists, it could accelerate XRP’s decline. 

XRP’s Relative Strength Index (RSI) has dropped to a three-month low, reinforcing the strong bearish momentum. The RSI, which measures market strength, indicates that selling pressure is intensifying.

If this trend continues, XRP could soon enter the oversold zone, further limiting any chances of an immediate rebound.  

A dip into the oversold territory typically suggests that an asset is undervalued, which can sometimes trigger a price recovery. However, XRP’s historical performance indicates that prolonged bearish conditions could extend losses before any meaningful reversal.

XRP Price Prediction: Bouncing Back Is The Key

XRP is currently trading at $2.37, holding above its critical support level of $2.33. The cryptocurrency has been on a consistent decline since the beginning of the month.

Despite temporary stabilization, bearish indicators suggest that XRP may struggle to recover without a significant shift in market momentum.  

The ongoing downward trend suggests that a further decline is likely. If XRP loses its $2.33 support, the price could drop to $1.94, deepening investor losses. A break below this level would confirm extended bearish control, making recovery even more challenging in the near future.  

However, a bounce off $2.33 could enable XRP price to reclaim the $2.70 resistance. If the altcoin successfully flips this level into support, it would invalidate the bearish outlook.

Such a move could restore investor confidence and open the door for a potential recovery in the coming weeks.

The SEC has postponed its decision on approving options trading for Ethereum exchange-traded funds (ETFs).

The regulator has extended its review period by 60 days, setting April 9 as the new deadline.

SEC Delays Ethereum ETF Options Approval for the Third Time

On February 7, the SEC announced another delay in determining whether Ethereum ETFs can trade options.

This marks the third extension after previous deferrals in September and November 2024. The agency cited that it needs more time to assess the potential impact on the market and gather public input, opening a 21-day window for comments.

“The Commission is extending the time period for approving or disapproving the proposed rule change for an additional 60 days. The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC stated.

The delay affects applications from several major firms, including Bitwise, Grayscale, Ethereum Mini Trust, and BlackRock. The SEC emphasized that the extension allows for a more comprehensive review before making a final decision.

This decision follows the regulator’s earlier request for public comments on a proposal by Cboe BZX Exchange Inc., which was submitted on behalf of Fidelity. The proposal seeks approval to list and trade options tied to Fidelity’s spot Ethereum ETF.

Options contracts provide traders with the right—but not the obligation—to buy or sell an asset at a specific price within a set timeframe. These financial instruments play a crucial role in risk management and price speculation.

Analysts believe that the introduction of Ethereum ETF options could accelerate institutional adoption and enhance market efficiency. Notably, a similar regulatory framework already applies to Bitcoin ETFs and commodity-backed assets like gold.

Meanwhile, Bloomberg ETF analyst Eric Balchunas has suggested that while approval seems likely, the delay may be linked to ongoing leadership changes at the SEC.

“SEC punting on spot Ether ETF options. I wouldn’t read too much into it, can’t imagine they don’t get approved eventually, likely waiting until Atkins is confirmed before moving on stuff,” Balchunas stated.

Former Commissioner Paul Atkins, nominated by Donald Trump to replace Gary Gensler, is awaiting Senate confirmation. His appointment is widely viewed as a potential shift toward a more crypto-friendly regulatory approach.

Despite ongoing uncertainty, demand for spot Ethereum ETFs continues to grow. Data from SoSo Value indicates that these funds have experienced five consecutive days of net inflows, pushing total investments beyond $3 billion since their introduction.