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Dogecoin (DOGE) is signaling a potential breakout as it navigates volatile market conditions, with traders eyeing a move toward February’s highs. Currently hovering just below the $0.26 resistance level, DOGE shows signs of upward momentum fueled by positive sentiment and technical indicators. Analysts and investors are closely watching the meme coin’s price trajectory, as a successful breakout could drive it toward $0.31 and beyond. However, market indecision and fluctuating volatility continue to shape the token’s short-term outlook. Several bullish indicators support Dogecoin’s push toward breaking the $0.26 resistance. Data from Coinglass reveals a positive funding rate, reflecting a growing bullish sentiment among traders despite recent market fluctuations. Analysts highlight that a decisive move above this level could propel DOGE to the $0.31 mark—a significant resistance point it has struggled to surpass in recent weeks. In a recent analysis, the YouTube channel More Crypto Online noted that Dogecoin had traded sideways for the past 10 days following a notable sell-off. The channel’s host explained that the price dipped into a key support zone but failed to rally beyond the $0.34 resistance. According to the analyst, DOGE’s price movement aligns with an Elliott Wave corrective pattern, with the potential C-wave target between $0.233 and $0.234. Maintaining support above $0.22 remains critical, with a drop below this threshold likely invalidating the current bullish scenario. Should DOGE break through the $0.26 barrier, analysts suggest the token could climb by as much as 21%, positioning $0.31 as a new support level. Such a breakout would signify a recovery and potentially set the stage for further gains toward $0.40. Conversely, heightened volatility could reverse this momentum, pushing prices down toward $0.22 and stalling further upside potential. Institutional attention has intensified following the U.S. SEC’s recognition of Grayscale’s Dogecoin ETF proposal. Analysts believe this development could pave the way for broader adoption and increased market liquidity. As highlighted by CNF, analyst Ali Martinez noted in a recent post on X (formerly Twitter) that DOGE is currently trading within a parallel channel. According to Martinez, a breakout above the $0.58 level could indicate the start of a sustained long-term bullish trend. Dogecoin is trading just below $0.30, with technical indicators suggesting that surpassing this level could trigger significant buying momentum. Analysts agree that the coming days will be pivotal. A sustained move above $0.31 may confirm the bullish thesis, while failure to hold above key support levels could stall DOGE’s upward trajectory. Despite optimistic indicators, trader sentiment remains cautiously bullish. Funding rates have fluctuated between positive and negative, reflecting a divided market. However, recent data shows a slight bullish tilt, with more long positions emerging. Crypto analyst Trader Alan observed that DOGE’s current trend mirrors its 2017 performance, implying the potential for a significant rally if key resistance levels are breached. A breakout above $0.26 could mark the beginning of an upward trend, with analysts like Ali Martinez noting that surpassing $0.31 might lead to further gains. Martinez emphasized that breaking above $0.58 could spark a substantial rally, potentially driving DOGE toward $1.80 or even $5.80. Such a surge could push Dogecoin’s market capitalization to an estimated $860 billion. With volatility at the forefront, traders and investors remain focused on Bitcoin’s ability to reclaim February’s peak and capitalize on favorable market conditions.

While Cardano’s native token ADA remains 74.3% below its all-time high value of $3.09, a favorable technical pattern is taking shape. A closely followed crypto analyst has identified one pattern that could trigger an over 20% move in the price of ADA. ADA Token Eyes 24% Move On The Horizon For ADA In a new strategy session, Ali Martinez told his 127,700 followers on the X social media platform that Cardano’s governance token may be gearing up for a 24% move. The popular trader highlighted an ascending triangle pattern on ADA’s 3-hour candle chart to back his comment. Martinez noted $0.74 and $0.83 as key levels to watch, with a strong break of either mark determining the direction of the imminent move. ADA continued its recovery on Feb. 20, up 5.7% over the past 24 hours, to change hands above $0.8044. The uptick has helped Cardano erase almost all of its losses incurred on Feb. 18, signaling a potential shift in investor sentiment toward the layer-1 token. The upsurge came on the back of crypto giant Grayscale filing with the U.S. Securities and Exchange Commission to introduce its first standalone spot, Cardano exchange-traded fund (ETF), in the U.S. market. Notably, a 24% jump from $0.83 would propel ADA back above the psychologically significant $1 price milestone. Contrarily, a 24% fall below $0.74 would lead to the crypto revisiting the $0.56 zone. According to Martinez’s analysis, Cardano is likely to see a move to the upside. He asserted earlier this month that the ninth-largest crypto by market cap appeared on track to climb above 83 cents, citing a bullish breakout from a descending triangle chart pattern. Is ADA Ready For A Bull Market? As ZyCrypto has covered previously, U.S. President Donald Trump is apparently “receptive” to a national digital assets stockpile with other U.S.-based cryptocurrencies such as Solana and Ripple’s XRP. This sparked speculation that a potential altseason was on the horizon. However, veteran trader Peter Brandt pointed out in January that irrespective of an altcoin season, Cardano had formed a double-bottom base. “Make no doubt about it, Cardano $ADAUSD has bottomed for a grand bull market,” Brandt quipped at the time. With palpable momentum brewing in the markets, ADA could potentially be shaping up for a massive rally.

TL:DR The popular crypto analyst Ali Martinez outlined possible positive scenarios for DOGE and XRP, which could send both assets up by around 25%. However, the landscape around Ripple’s cross-border token is somewhat worrisome, according to another indicator. #Dogecoin $DOGE could be on the verge of a 25% move as it nears a breakout from this symmetrical triangle! pic.twitter.com/Vf5OgIgRBU — Ali (@ali_charts) February 20, 2025 In terms of the world’s largest meme coin, Martinez noted that it nears a breakout from a symmetrical triangle. The asset has been stuck within it ever since the early February crash when the entire market bled out in hours. DOGE’s price tumbled from over $0.3 to a multi-month low of $0.22. In the following two and a half weeks, Dogecoin failed to break above it as it was stopped at the upper boundary at $0.28, and then the bulls defended the lower one at $0.244. With its price currently sitting at around $0.255, a 25% move to the upside will send it to over $0.3. The landscape around XPR is similar, but the triangle is slightly different – it’s an ascending one. In case the third-largest cryptocurrency manages to break above it, its price could experience a 26% surge, Martinez said, which would mean a price tag of roughly $3.4. Data from CoinGecko shows that this is the current all-time high, which XRP tested in early January but failed to breach. Ripple’s token certainly has some bullish sentiment going its way, mostly related to ETFs. Brazil is set to launch its first spot one tracking the asset’s performance, while several US-based applications have been officially recognized by the SEC. Nevertheless, Martinez also warned that another technical indicator suggests that XRP could be headed for a correction. The TD Sequential Indicator, which shows the market’s exhaustion in either direction, flashed a sell signal on the 3-hour chart after the asset’s recent rally. $XRP could be gearing up for a pullback, as the TD Sequential indicator flashes a sell signal on the 3-hour chart after the recent 11% rebound! pic.twitter.com/k8SetFIQ8F — Ali (@ali_charts) February 20, 2025 The post Are XRP and DOGE Preparing for 25% Price Moves? appeared first on CryptoPotato.

JPMorgan analysts have expressed concerns about the crypto market’s downside risks. They point to weakened demand for Bitcoin and Ether futures. This comes after a market correction, with the total crypto market cap falling 15% from its peak of $3.72 trillion on December 17 to about $3.17 trillion. The drop has pushed the futures market into “backwardation.” This is when futures prices fall below spot prices, and it can signal further declines. JPMorgan’s report, from managing director Nikolaos Panigirtzoglou, explains that strong demand usually leads to futures prices being higher than spot prices. This premium often goes above 10% per year because of high risk-free rates in the crypto market, where USD yields are between 5% and 10% annually. Related: Crypto Recovery in Full Swing: $6 Billion Inflow Reverses Early February Selloff However, as market demand for Bitcoin and Ether gets weaker, these premiums have vanished. Rates have fallen below spot prices. This mirrors trends seen last June and July and suggests the market may continue to face downward pressure. Adding to these concerns, former BitMEX CEO Arthur Hayes has predicted that Bitcoin could drop to $70,000-$75,000 before another rally. He thinks economic factors, like central banks possibly restarting quantitative easing, could cause this decline. Hayes also mentioned liquidity issues facing the U.S. Treasury’s general account as a major factor in a potential market downturn. This is especially true in the first quarter and could further hurt investor sentiment. This downbeat outlook is made worse by a drop in capital flowing into Bitcoin and Ethereum. Analyst Ali Martinez revealed that these inflows have decreased by over 30% in the last month, falling from $45 billion to $30 billion. Additionally, some crypto community members are unhappy with the lack of progress on the Strategic Bitcoin Reserve initiative under the Trump administration. This also hurts investor confidence. Related: Bitcoin Price Dips Again—What Hayes Thinks Will Happen Next This negative feeling is made stronger by the recent LIBRA meme coin rug pull. Traders reportedly lost over $286 million in that scam, which reduced liquidity across the market. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

ETHFI is facing intense selling pressure after breaking a critical support level. The asset’s price has been steadily declining, reflecting a growing bearish momentum. With traders closely watching key support zones, ETHFI’s next move could determine its short-term trajectory. Market Overview and Price Action ETHFI has remained trapped in a bearish trend, failing to retake lost ground. In the latest action, the price tried to remain above the $1.20 benchmark without succeeding, causing the price to lose ground again. The breakdown below this support level cemented a bearish perspective with the traders targeting the next testing of the support area at $1.00 Crypto analyst @ali_charts pointed out the breakdown of ETHFI in a recent tweet, implying that the asset is likely to head to the value of $0.49. The forecast has raiseId debate among traders with most of them analyzing if the current trend is a sign of decline or a possible bounce back. #EtherFi $ETHFI has broken out of a parallel channel and could be on its way to $0.49! pic.twitter.com/TtWntU9Z78 ETHFI’s inability to retake $1.20 put the asset at a vulnerable state. The next significant levels of resistance are at $1.70, $2.30, and $3.30—all areas of price turnabouts earlier on. Unless the buyers intervene with significant strength, the levels could turn out to be hard to break. On the negative side is the immediate support at $1.00 with other levels at $0.85 and $0.70. If ETHFI cannot support the levels, the asset will fall to the levels of $0.50 according to bearish estimates. A clean break below the levels of $1.00 will accelerate the fall with the price going down. The Stochastic RSI is also showing the levels of being overbought with the fast line at 88.14, anticipating a potential pullback. The BBP (Bollinger Band Percent) histogram is negative at -0.032, also revealing bearish momentum that is fading away. These are revealing indecision while traders are eagerly awaiting price action to confirm the next trend. At the time of writing, ETHFI was at a price of $1.08 with a 3.24% gain over the last 24 hours and a 0.88 price increase in the past 7 days . With the psychologically important support at the price of $1.00, maintaining this will be the key to the next movement of the asset. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.