Dogecoin (DOGE) has been in a short-term downtrend for the past two weeks, shedding over 29% of its value since hitting a local high on January 18. The meme coin has faced consistent selling pressure, mirroring broader market uncertainty. However, this downtrend may be nearing its end as DOGE approaches key demand levels that have historically supported price recoveries. Related Reading: Bitcoin Finally Turns $100K Into Support – Ready To Rally Higher? Top analyst Scient shared a technical analysis on X, highlighting that Dogecoin is setting up for a massive leg higher. According to Scient, DOGE is currently consolidating above the 1-day support level while also finding strong support at the 1-day 100 EMA. This signals a potential reversal as buying pressure starts to build at these critical levels. If Dogecoin manages to hold this support and push higher, it could signal the start of a fresh rally, with traders eyeing the next key resistance levels. A confirmed breakout from this consolidation phase would likely drive renewed bullish momentum and attract more investors back into the market. Dogecoin Holds Above Key Demand Dogecoin is trading at a key demand level around $0.32, and the next few days will be crucial in determining its short-term direction. Market sentiment remains volatile, with many analysts calling for a further decline as uncertainty grips the broader crypto market. The downtrend that started on January 18 has put pressure on DOGE, and traders are watching closely to see whether it can hold its current levels or break lower. Despite the bearish sentiment, top analyst Scient shared a technical analysis on X suggesting that Dogecoin may be gearing up for a massive rally. According to Scient, DOGE is currently consolidating above the 1-day support while also finding strong support at the 1-day 100 EMA. These levels have historically been key turning points for Dogecoin, and their ability to hold could indicate that buyers are stepping back in. Scient also pointed out that lower support levels exist, with strong lows at $0.262 coinciding with the 1-day 200 EMA. These zones, according to Scient, present good opportunities for spot accumulation. He remains bullish as long as DOGE holds above these levels, cautioning that a close below the 1-day 200 EMA would be the only truly bearish signal. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst For now, Dogecoin remains at a pivotal point. If it maintains support and breaks higher, a strong rally could follow. However, if the price fails to hold key levels, further downside could be on the horizon. Investors and traders are closely monitoring whether this consolidation phase will turn into the next major uptrend for DOGE. Price Action Details: Critical Levels Dogecoin is currently trading at $0.32 after experiencing days of selling pressure and negative market sentiment. The meme coin has struggled to regain bullish momentum since its sharp decline from the January 18 high of $0.43. Now, DOGE is at a crucial level, and bulls must step in to prevent further downside. For DOGE to stay in a strong position, the price must hold above the $0.30 mark. This psychological level has acted as a key demand zone in the past, and losing it could lead to a sharper correction. If bulls manage to maintain support at this level, the next major challenge will be reclaiming $0.35. A breakout above this resistance could reignite bullish momentum and set the stage for a strong recovery. Related Reading: Bollinger Bands Tighten On XRP Daily Chart – Major Price Move Ahead? However, failure to defend the $0.30 level could expose Dogecoin to further declines. In this case, the next major demand zone sits around $0.25, representing a 20% drop from current levels. This level also coincides with the 1-day 200 EMA, which has historically acted as strong support. If DOGE drops that low, it will likely trigger increased accumulation, but for now, all eyes remain on its ability to hold above $0.30. Featured image from Dall-E, chart from TradingView

2025-01-29 20:30

Dogecoin has managed to sustain a relatively positive position towards the end of January despite the intense volatility throughout the month. With January almost over and the Dogecoin price closing the month on a positive note, the next outlook is what lies ahead for the meme coin and whether Dogecoin investors can see a similar price trend in February. Dogecoin Price Performance In January Dogecoin’s price movement in January was full of intense volatility. The meme coin opened the month trading around the $0.315 price level, having declined in the latter half of December. Interestingly, this opening price proved to be an important support level throughout the month, with Dogecoin repeatedly testing and bouncing off it in response to market fluctuations. Related Reading: Dogecoin Price To Breakout To $1.4? Analyst Reveals Critical Levels To Watch For A Pump Or Crash In terms of performance, Dogecoin’s price swings in January mirrored the turbulence seen across the crypto market, with significant manipulation playing a role in its trajectory. After starting the month at approximately $0.315, the meme coin trended upwards for the first seven days, in line with Bitcoin’s resurgence above the $100,000 price level. This first upward movement saw the Dogecoin price reach $0.39 on January 7. However, it was short-lived, as the intense volatility mentioned above saw those gains erased within 48 hours. Following a rejection near $0.4, Dogecoin fell by about 19% in two days before eventually bouncing off support at $0.31. Interestingly, Dogecoin would come to retest this level two times within the next five days. The second retest of this support zone led to a strong 40% rally that pushed DOGE above the $0.40 resistance level again after multiple attempts. This upward momentum peaked with Dogecoin reaching $0.4313 on January 18. However, this price high was met with another rejection, leading to a fresh downtrend. Dogecoin and many other cryptocurrencies witnessed a surge of outflows in capital rotation as many investors FOMOed on Donald Trump’s meme coin, launched on January 17. Despite this huge setback, Dogecoin once again found support at the $0.315 level, reinforcing its importance as a solid price floor. What To Expect In February: Sustaining Momentum Or Facing A Reversal? The euphoria surrounding Donald Trump’s election and meme coin has ended, the market seems to be cooling down, and Dogecoin has begun a gradual recovery above $0.31. As January draws to a close, the interest is on February to see if the memecoin can maintain its current momentum during the month or undergo another volatile movement within a range. Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle At the time of writing, DOGE is trading at $0.33, up by about 4.25% from its January open. According to historical price data from CryptoRank, the Dogecoin price has trended downwards in February more often than not. However, February 2024 proved to be a positive month for the meme coin, as it closed the month on a 50% gain from its open. A similar performance would see Dogecoin closing February around $0.5 if it were to close January at its current price. According to a crypto analyst, current market dynamics suggest DOGE will soon undergo a strong pump above the $0.4 price level. However, the most important thing right now would be for Dogecoin to hold above $0.315 and $0.3. Failure to hold above these levels could erase bullish momentum. Featured image from Unsplash, chart from Tradingview.com

2025-01-29 19:00

David Bailey, a crypto policy advisor and aide to Donald Trump, shared details of his discussion with the President. According to Bailey, Trump is committed to building a pro-crypto environment in the US through policy management. Trump said that Bitcoin will witness unseen highs, and the US is going to ‘outcompete China or any other country that wants to take that away from us’. This statement confirms Trump’s new approach towards crypto. During his first term, he was quite skeptical about Bitcoin and other crypto assets, deeming them unregulated and volatile. However, Trump’s latest presidential campaign was quite different in its attitude to cryptocurrencies. He openly expressed his support for the crypto economy and even accepted donations in crypto. What’s more, Trump is now eyeing Bitcoin as a key component to tackle the $35 trillion national debt. There are even talks of establishing a Bitcoin reserve at both the federal and state levels. Bitcoin hit new highs when it crossed the $109,000 mark after Trump’s election as the POTUS. Since then, the price has cooled, with BTC currently trading at around $102,500. However, Bitcoin looks ripe for a fresh move , and with all the government support it’s getting, we may soon see BTC reach a new high. Additionally, Trump also launched his own meme coin, $TRUMP. While it made good money for early investors and is still among the top cryptos in the world in terms of market capitalization, it has been tanking after the initial 2-day frenzy. The token has fallen from the high of $75 to $27, marking a 64% decrease. Trump supporters aren’t happy with the dismal performance of $TRUMP. However, with Bitcoin rallying , it’s worth turning your attention to Wall Street Pepe ($WEPE). Just about sold out in its presale, and having raised some $63M, it’s shattered all the records in terms of prelaunch performance and ranks as one of the hottest crypto presales with the potential to make you a millionaire in 2025 . Why Should You Buy $WEPE? Wall Street Pepe ($WEPE) is a frog-themed meme coin dedicated to empowering small-time investors. For long, the crypto markets have been dictated by a handful of whales with exclusive access to insider information. $WEPE is here to change that. $WEPE token holders will get access to insider strategies, information, alpha calls, and market strategies. This community of token holders, known as the $WEPE army, will collaborate and share market knowledge to build a new generation of millionaires. The token has already raised close to $64M and is currently in the last stage of its presale, which will end in a matter of days. It’s the final boarding call for early buyers, as with a presale raise rate of almost $1M a day, $WEPE will most likely sell out by early next week when it reaches the hard cap of $72M. Available at just $0.0003665 per token, this might be the cheapest you’ll be able to buy $WEPE for. If this is your first time investing in a crypto presale, here’s an in-depth guide on how to buy $WEPE . More good news for $WEPE investors is that even whales have been getting in on it. Etherscan data shows that a whale bought $200K worth of $WEPE in a single transaction on December 16. Furthermore, purchases of $115K , $82K , and $66K were made in just the last couple of weeks. $WEPE is the latest successor of frog-driven meme coins like $PEPE and $PEPU. In case you missed it, the frog frenzy is alive and well in the crypto market. $PEPE, for instance, made a whopping 1,200% return for early investors, whereas $PEPU made 5x just on its listing. $WEPE also plans to do the same, and a 100x valuation doesn’t look far-fetched. The project’s tokenomics also look solid. Wall Street Pepe’s developers have reserved 15% of the total token supply for smooth listing and a whopping 38% for marketing and community building. For more information, check out $WEPE’s whitepaper and its X feed . Conclusion You can buy $WEPE from the official Wall Street Pepe website by linking a wallet like Best Wallet . Click on ‘Buy $WEPE’ and choose your wallet. Scan the code from your wallet app and approve the linking. Then, select the number of tokens you want and confirm the transaction. Voilà! You’ve got $WEPE! However, always ensure you do your own research before making any investments in crypto, as the market can be pretty volatile. Also, this article is not a substitute for financial advice, and you should consult a professional financial advisor before investing your hard-earned money.

2025-01-29 17:48

Solana has faced significant downward pressure in the past few days, dropping over 15% as the broader crypto market experiences a selloff driven by speculation and uncertainty. Meme coins, which have been a major catalyst for Solana’s recent growth, are now seeing massive losses, raising concerns about the blockchain’s short-term outlook. With meme coin projects struggling, Solana’s ecosystem is taking a hit, as these tokens have contributed significantly to its transaction volume and network activity. Related Reading: Dogecoin Whales Accumulate 450 Million DOGE During Recent Price Dip – Time For A Breakout? Top analyst IncomeSharks shared a technical analysis on X, revealing that Solana still has room to go lower, attributing the decline to a major flush in the meme coin sector. The hype that fueled Solana’s price rally in previous weeks is fading, and liquidity is drying up as traders take profits or cut losses. If Solana fails to hold key support levels, another leg down could follow. While long-term sentiment remains bullish for Solana, the short-term price action suggests that volatility will persist. Investors are closely watching whether Solana can stabilize or if further downside is imminent. The coming days will be crucial in determining whether this correction is just a dip or the start of a deeper pullback. Solana Facing Selling Pressure Solana is trading at a key level after enduring days of selling pressure and heightened volatility. As one of the most popular blockchains for meme coin creation and trading, Solana has benefited from surging speculative interest in these assets. When meme coins perform well, Solana tends to see increased demand, boosting its price. However, the current market conditions are unfavorable for meme coins, leading to a significant downturn in Solana’s price performance compared to other altcoins. Top analyst IncomeSharks shared a technical analysis on X, stating that Solana’s price still wants to go lower as meme coins face a major flush. The broader crypto market has entered a period of uncertainty, and meme coin hype is fading as liquidity dries up. This has created additional selling pressure on Solana, as traders exit high-risk positions. Solana has dropped over 15% in the past week, failing to hold critical support levels as bearish sentiment takes over. The price recently dipped below $230, erasing weeks of gains. IncomeSharks sets a bearish target around the $200 mark, a level not seen since January 16. If Solana fails to hold above $220, the selloff could accelerate, driving the price toward the next major support zone. Related Reading: Bitcoin Finally Turns $100K Into Support – Ready To Rally Higher? However, not all analysts are bearish. Some traders believe Solana’s dip is a temporary retrace rather than the start of a prolonged downtrend. If buyers step in around the $220-$225 range, Solana could stabilize and attempt a recovery. A push back above $250 would indicate renewed strength, with bulls aiming for a return to previous highs. Price Action Details: Showing Strength Solana (SOL) is trading at $231 after enduring days of selling pressure and increased volatility. The price reached an all-time high of approximately $295 on January 19, but since then, SOL has faced a sharp 25% decline in less than ten days. This significant drop has raised concerns among traders and investors, as Solana struggles to find strong support amid broader market uncertainty. For bulls to regain control and reverse the short-term bearish trend, SOL must hold above the current levels and push past the $244 mark. Breaking above this resistance would indicate renewed buying pressure and confirm a potential trend reversal. If SOL manages to reclaim this level, a surge toward $260 could follow, signaling a recovery phase. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst However, failure to maintain support above $230 could lead to further downside. A break below this critical level would expose SOL to deeper losses, with the next major support zone around the $200 mark. A decline to this level would mark an even steeper correction, potentially erasing more of its recent gains. Featured image from Dall-E, chart from TradingView

2025-01-29 17:30

The U.S. Senate accepted Donald Trump’s nomination of Scott Bessent, a pro-crypto billionaire hedge fund manager, as the new Treasury Secretary. Bessent had been quite vocal about his positive outlook on the crypto economy, publicly saying that crypto represents freedom and that it is “here to stay.” Interestingly, Scott Bessent’s appointment has also wiped away the despair that DeepSeek brought to the US stock and crypto markets over the last few days. The crypto market seems positive overall, and is showing signs of recovery, with Bitcoin currently hovering just below the $102,000 mark. Moreover, Donald Trump’s appointment as the US president has seen investments in digital assets, primarily Bitcoin and Ethereum ETFs, soar close to the $5B mark in just two weeks. Trump’s pro-crypto decisions are not only a major cause for joy among crypto enthusiasts, but they also hint at a major reversal of the US government’s take on crypto assets. The pre-Trump administration was quite oppressive for crypto, constantly placing obstacles in the face of innovation. For instance, on May 31, 2024, Joe Biden vetoed a landmark bill that would have given reputable financial institutions the power to custody cryptocurrencies, including Bitcoin. Furthermore, recent revelations suggest that several pause letters were sent to regulated financial firms between March 2022 and May 2023, which asked them to halt and not consider the expansion of any crypto-related activities. Despite all this, crypto pushed through big time, with BTC surging by nearly 300% in the 2023-2024 period. So, imagine how things will look now that the super pro-crypto Trump administration is in charge. If Trump holds on to his promises and a Bitcoin reserve actually becomes a reality , it could lead to the most crypto bullish period in history. As the new era of US regulations looms, the hype around meme coins is only growing. If you’re new to the game, it’s not necessarily easy to sort the real meme coin opportunities from the pump-and-dumps. That’s why we’ve done the hard yards for you and rounded up the top 5 cryptos to buy right now. 1. Wall Street Pepe ($WEPE) – Best Crypto to Buy Under Pro-Crypto US Government Wall Street Pepe ($WEPE) is the small man’s crypto, attempting to challenge the unfair dominance of crypto whales/institutional investors, who’ve been leveraging insider information to stuff their pockets with money. $WEPE will provide token holders access to exclusive and unique market insights, real-time trading signals, and a wealth of trading tools and strategies. Together, they aim to flip the script on the big players and churn out some handsome profits for themselves. Moreover, $WEPE owners will be part of a thriving community of like-minded traders – the “Frog Army” – who will “catch the whales” and ultimately become the next generation of crypto millionaires. Thanks to its unique and revolutionary mission, $WEPE’s presale has broken one record after another, with over $63M in presale funding raised so far. 1 $WEPE is currently available for just $0.0003665, but interested investors should hurry up as the presale is just about sold out and can end anytime now. Here’s how to buy $WEPE . 2. Solaxy ($SOLX) – Solana’s Layer 2 Solution for Fast & Reliable Transactions Solaxy ($SOLX) is being touted as the next 100x meme coin , and for a good reason. As the first-ever Layer 2 solution on the Solana network, it aims to solve critical issues of the Solana Layer 1 chain. These include network congestion, failed transactions, and limited scalability. Secondly, the launch of Solana ETFs is also likely to act as a positive catalyst for Solaxy’s post-launch performance. In case you missed out, Solana is a hot (and valuable) blockchain platform right now, having generated over 300% returns in just the last two months. Because it’s a multi-chain token, Solaxy brings together Ethereum’s vast liquidity and Solana’s unmatched efficiency. It will not only execute transactions at a breakneck pace but also do so for very low fees. The $SOLX presale has been going strong ever since its launch in December 2024 . It has raised close to $16M so far, and early adopters can still get in for just $0.001618 per token. If this is your first presale purchase, here’s a guide on how to buy $SOLX . 3. Mind of Pepe ($MIND) – Self-Evolving AI Agent for Real-Time Crypto Insights MIND of Pepe ($MIND) is a self-evolving AI personality that grows with every interaction. It talks to influencers and communities of crypto enthusiasts on platforms like X. Next, this frog-inspired AI agent coin uses cutting-edge hive-mind analysis to cut through all the noise and filter out early-stage crypto investment opportunities to token holders. At its core, $MIND is similar to $WEPE in that it, too, aims to give retail traders a real shot at crypto profitability by arming them with real-time actionable insights and insider information. With over $4M raised in its ongoing presale, $MIND is showing some real potential. You can buy $MIND for just $0.0032144 each, and as an early adopter, you can also reap staking rewards of up to 522% p.a. 4. OFFICIAL TRUMP ($TRUMP) – Best PolitFi Crypto to Buy Right Now It’s almost impossible to believe that a meme coin that launched just a couple of weeks ago (on January 17, to be precise) is now the third biggest cryptocurrency in the world in terms of market capitalization. But that’s exactly what Donald Trump can do – send crypto to the moon. With a market cap of $5.45B at the time of writing, Official Trump ($TRUMP) is the new US President’s very own meme coin, one that skyrocketed over 12,000% overnight. It’s a PolitiFi token, meaning it’s a direct reflection of Donald Trump’s popularity and acceptance among crypto enthusiasts. So, if the crypto market moves upwards, which it should, the $TRUMP token will most likely be among the top gainers. It’s true; $ TRUMP’s current trading price of around $27 is a fair bit off from its all-time high of $75. Even so, our $TRUMP price prediction says the party may not be over. A crypto bull run in 2025, fueled by Donald Trump’s crypto-friendly moves, could see the $TRUMP token reach approximately $425, a nearly 1,500% jump from its current price. 5. MAGA ($TRUMP) – Trump’s “Make America Great Again” Meme Coin “Make America Great Again,” Trump’s campaign slogan, is the inspiration behind MAGA ($TRUMP), another Donald Trump-inspired meme coin. MAGA’s mechanics are not all that different from Official Trump, but what made it to this list is its mind-boggling performance in 2024 and its potential for another exceptional bull run in 2025. With a nearly 450% uptick in price in just the last week (the biggest gainer in the entire crypto market, by the way), MAGA seems to have broken through its consolidation phase. Bottom Line Although the above-mentioned meme coins represent some of the best crypto to buy in early 2025 for maximum gains , it’s important not to get carried away. The crypto market is pretty volatile now and always, meaning even those who see significant gains have to sit through their own share of ups and downs. Your best move, therefore, is to do your own research (DYOR) before investing, as that will give you the necessary confidence to weather the storms. Finally, none of this is financial advice. We simply aim to offer our opinions and insights.

2025-01-29 17:17

Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer among altcoins, sharing a price chart on X that underscores the token’s recent momentum. While most altcoins have suffered double-digit losses in recent days, the XRP price has held up exceptionally well. XRP Builds Strong Momentum The daily chart for the XRP/USD perpetual contract on ByBit reveals a steady climb from sub-$0.50 levels in early November to a current consolidation area around $3.10. The overall picture shows a series of higher highs and higher lows, affirming XRP’s ongoing bullish structure. The initial rally began below $0.50, gathering momentum through November and early December. By late December, XRP had reached the $2.00 region, briefly consolidating before continuing its move upward. Around mid-January, the token surpassed $3.00, topping out near $3.20 before experiencing a pullback. Related Reading: XRP Rebound Gains Traction As Bulls Aim To Sustain The Momentum Canfield’s chart highlights several key support and resistance levels, including a pink demand zone around $1.90–$2.00 that has repeatedly acted as a strong base whenever price has dipped. A sharp wick into this zone, followed by a swift recovery, suggests that bulls are consistently defending the $2.00 threshold. Higher on the chart is a black horizontal line near $2.90, which marked the local top in early December 2024 and is now serving as support. XRP’s historical support levels—marked at $0.5478, $0.3125, and $0.1778—sit far below current market prices but provide context for significant regions observed in past trading cycles. Recent candlestick patterns reflect notable volatility around $3.00. A sudden drop briefly took the market under $2.65, but the price rebounded almost as quickly. This type of sharp dip and recovery often implies sufficient liquidity and a willingness among traders to absorb sell orders. The cluster of candlesticks near $3.05–$3.10 indicates a balance between buying and selling pressure at a pivotal resistance zone; a decisive move up or down may set the tone for near-term momentum. Related Reading: Bollinger Bands Tighten On XRP Daily Chart – Major Price Move Ahead? In his brief yet emphatic comment—“XRP – Unironically looks like the best altcoin chart in crypto right now”—Canfield expresses a bullish view based on the chart’s clear structure and resilient demand. He points to the strength of the uptrend, well-defined support and resistance levels, and what appears to be robust interest in defending key zones. Although he has not offered explicit price targets, the chart reveals the importance of holding above $3.00 which aligns with the pivotal 0.5 Fibonacci retracement level (drawn from the mid-January peak) and potentially breaking past $3.24 (0.786 Fibonacci retracement level). In a worst case scenario, a deeper correction could revisit the $2.00 demand zone, where XRP has found considerable support in recent months. Whether XRP can sustain its position and build upon its market traction remains to be seen, but its technical framework has attracted the attention of many traders looking for altcoins with strong trend dynamics. Featured image created with DALL.E, chart from TradingView.com

2025-01-29 16:00

Crypto analyst Max has revealed that the Ethereum price is at a critical junction, which could determine its trajectory going forward. The analyst remarked that ETH faces a ‘moment of truth’ and explained that the crypto could enter a bearish phase if it doesn’t complete a particular pattern. Ethereum Price Faces Moment Of Truth After ETH’s Crash Toward $3,000 In an X post, Max stated that the Ethereum price faces a moment of truth right here following ETH’s crash to around $3,000. The crypto analyst added that if ETH doesn’t complete its famous “ultra-scary 3 drive into the lows” pattern before being miraculously saved, then it is over for a while, indicating the crypto could suffer a further downtrend. Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern Max further explained that there is nothing but air beneath the Ethereum price structure, which he highlighted in his chart. His accompanying chart showed that the next significant support level for ETH beneath $3,000 was at $2,400, indicating that the crypto could drop to as low as this level if it loses the psychological $3,000 level as support. The crypto analyst then mentioned the worst case that could happen before giving up on the Ethereum price is if it sweeps the $2,800 wick and then the Bitcoin price drops to as low as $95,000. In such a scenario, Max remarked that ETH would need an immediate reaction, possibly because of the bearish sentiment that could spark among investors. However, the analyst looks to still be bullish on the Ethereum price in the meantime, reaffirming that he has no intention to sell his spot holdings. Crypto whales also look to be bullish on ETH despite its underperformance, as they have been actively accumulating this past week. Bitcoinist reported that Ethereum’s large transaction volume spiked by over 200% in 24 hours, indicating an accumulation trend from these whales. How The ETH Price Action Could Play Out In an X post, crypto analyst Wolf predicted how the Ethereum price action could play out this year while claiming that ETH is currently being suppressed so that large players can accumulate. According to the analyst, ETH could break out to the psychological $4,000 price level by the end of February. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 Following that, Wolf predicts that the Ethereum price will enjoy a bullish March as it rallies from $4,000 to $5,000 in days. He added that the second-largest crypto by market cap could hit $6,500 by early April. Once that is done, the analyst expects Ethereum to experience two to three weeks of price correction before it then pushes to between $9,500 and $10,000. At the time of writing, the Ethereum price is trading around $3,100, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

2025-01-29 14:30

Uniswap remains on a steady upward path as bullish momentum fuels its push toward the $12.3 mark. After a successful rebound at the $10.3 support level, UNI has shown resilience, with buyers stepping in to sustain the rally. The strong price action reflects growing investor confidence, supported by rising trading volume and favorable technical indicators. As bulls maintain control, Uniswap’s ability to hold above crucial support zones will be key to extending its gains. A successful move toward $12.3 could reinforce the uptrend, setting the stage for even higher targets if buying pressure continues to build. UNI’s Price Momentum And Its Path To $12.3 Resistance Level Evaluating UNI’s price momentum, further gains seem likely, especially following the strong rebound at the $10.3 support level. After a brief pullback, Uniswap found stability at $10.3, which has since acted as a solid base for a renewed upward movement. Related Reading: Uniswap Aims For Recovery – Bulls Take A Stand At $12.3 Support This rebound signals the resilience of the bulls and reinforces the overall bullish trend. Significantly, the swift recovery above $10.3 reflects robust demand, indicating investors’ optimism about Uniswap’s future performance. From a technical perspective, key indicators align with the bullish outlook. The price is heading toward the key 100-day Simple moving averages (SMA), suggesting continued upward pressure. In addition, the RSI has moved out of oversold territory, signaling that buying momentum is building. Trading volume has also experienced an increase of over 25% in the last 24 hours, further confirming that market participants are backing the move higher. These factors combined create a positive environment for Uniswap to extend its rally. What’s Next For Uniswap If $12.3 Is Reached? Reaching $12.3 would be a significant milestone for Uniswap, with aims to break through from resistance. This would likely attract more buying interest, strengthening the ongoing bullish momentum. A sustained move above $12.3 might drive the price toward even higher levels. UNI would enter new territory, increasing the potential for continued gains. Overall, this move could solidify Uniswap’s bullish outlook in the market. Related Reading: Uniswap Bulls Set Sights On $16.9 Resistance As Uptrend Extends Once $12.3 is breached, the next immediate resistance levels could be around the $15.7 and $17 zones, depending on market conditions and buying interest. If the price maintains upward pressure, it will trigger the continuation of the rally. Holding above the $12.3 level is crucial for UNI to prevent a pullback. However, should the price fail to maintain this level, a retracement to nearby support zones like $10.3 would occur. In this scenario, defending these support levels will be essential for the bulls to regroup and aim for a renewed push toward higher levels. Featured image from Medium, chart from Tradingview.com

2025-01-29 13:00

Arthur Hayes, the Chief Investment Officer at Maelstrom and co-Founder as well as former CEO of BitMEX, has published a new essay titled “The Ugly,” in which he contends that Bitcoin could be poised for a profound near-term pullback before ultimately marching to unprecedented highs. While retaining his characteristic bluntness, Hayes lays out two scenarios when to buy Bitcoin. Buy Bitcoin If This Happens Hayes’ essay begins by recounting a sudden shift in sentiment that caught him off guard. Comparing financial analysis to backcountry skiing on a dormant volcano, Hayes recalls how the mere hint of avalanche danger once forced him to stop and reassess. He expresses a similarly uneasy feeling about current monetary conditions, an intuition he says he last felt in late 2021, right before the crypto markets collapsed from their record highs. “Subtle movements between central bank balance sheet levels, the rate of banking credit expansion, the relationship between the US 10-yr treasury/stocks/Bitcoin prices, and the insane TRUMP memecoin price action produced a pit in my stomach,” he writes, emphasizing that these signals collectively remind him of the market’s precarious situation prior to the 2022 and 2023 downturns. He clarifies that he does not believe the broader bull cycle is finished, but he anticipates that Bitcoin could drop to somewhere around the $70,000 to $75,000 range before rallying sharply to reach $250,000 by year’s end. Related Reading: DeepSeek Predicts Bitcoin Bull Run Peak At $500,000 – Here’s When He describes this range as plausible given that equity markets and treasury markets appear, in his words, deeply entangled in a “filthy fiat” environment still grappling with the vestiges of inflation and rising interest rates. Hayes points out that Maelstrom, his investment firm, remains net long while simultaneously raising its holdings in the USDe stablecoins to buy back Bitcoin if price falls below $75,000. In his view, scaling back risk in the short term allows him to preserve capital that can later be deployed when a genuine market liquidation occurs. He identifies a 30% correction from current levels as a distinct possibility, while also acknowledging that the bullish momentum could continue. “if Bitcoin trades through $110,000 on strong volume with an expanding perp open interest, then I’ll throw in the towel and buy back risk higher,” he writes on his second scenario. In attempting to decipher why a temporary pullback might happen, Hayes asserts that major central banks—the Federal Reserve in the United States, the People’s Bank of China, and the Bank of Japan—are either curbing money creation or, in some cases, outright raising the price of money by permitting yields to rise. He believes that these shifts could choke off speculative capital that has elevated both stocks and cryptocurrencies in recent months. His discussion of the US focuses on two interlocked perspectives: that ten-year treasury yields could rise to a zone between 5% and 6%, and that the Federal Reserve, while hostile to Donald Trump’s administration, will not hesitate to reinitiate printing if it becomes essential to preserve American financial stability. Related Reading: Bitcoin Finally Turns $100K Into Support – Ready To Rally Higher? However, he believes that at some point, the financial system will need an intervention—most likely an exemption to the Supplemental Leverage Ratio (SLR) or a new wave of quantitative easing. He contends that the reluctance or slowness of the Fed to take these steps increases the probability of a near-term bond market sell-off, which could weigh on equities, and by correlation, Bitcoin. His political analysis homes in on the lingering enmity between Trump and Federal Reserve Chair Jerome Powell, as well as the Fed’s willingness to forestall a crisis during the Biden presidency. He cites statements from former Fed governor William Dudley and references Powell’s press conference remarks that suggested the Fed might alter its approach based on Trump’s policies. Hayes describes these tensions as a backdrop for a scenario in which Trump might allow a mini-financial crisis to unfold, forcing the Fed’s hand. Under such stress, the Fed would have little choice but to prevent a broader meltdown, and monetary expansion could then follow. He suggests that it would be politically expedient for the Trump administration to permit yields to surge to crisis levels if it meant that the Fed would be compelled to pivot into the large-scale money printing that many in crypto circles expect. China, Hayes remarks, had seemed poised to join the liquidity party with an explicit reflation program until a sudden U-turn in January, when the PBOC halted its bond-buying program and allowed the yuan to stabilize in a stronger position. He attributes this policy change to internal political pressures or possibly strategic maneuvering for future negotiations with Trump. Hayes also acknowledges that some readers might find the correlation between Bitcoin and traditional risk assets perplexing, given the long-term argument that Bitcoin is a unique store of value. Yet he points to charts showing a rising 30-day correlation between Bitcoin and the Nasdaq 100. In the short term, he says, the leading cryptocurrency remains sensitive to changes in fiat liquidity, even if the coin ultimately trades on an uncorrelated basis over extended time horizons. He thus portrays Bitcoin as a leading indicator: if bond yields spike and equity markets tumble, Bitcoin could begin its dive before tech stocks follow. Hayes thinks that once authorities unleash renewed monetary stimulus to quell volatility, Bitcoin would be the first to bottom out and rebound. He admits that predicting exact outcomes is impossible and that any investor must play perceived probabilities rather than certainties. His decision to hedge is derived from the concept of expected value. If he believes there is a substantial chance of a 30% pullback versus a smaller probability that Bitcoin will continue higher before he decides to buy back in at a 10% premium, reducing exposure still yields a better risk-reward ratio. “Trading isn’t about being right or wrong,” he emphasizes, “but about trading perceived probabilities and maximizing expected value.” He also underscores that this protective stance allows him to wait for the kind of dramatic liquidation move in altcoins that often accompanies a short-term Bitcoin collapse, a scenario he calls “Armageddon” in the so-called “shitcoin space.” In such circumstances, he wants ample funds available to pick up fundamentally sound tokens at severely depressed prices. At press time, BTC traded at $102,530. Featured image created with DALL.E, chart from TradingView.com

2025-01-29 10:00