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Cryptocurrency analyst Ali Martinez has observed a potential “sense of denial” among holders of TON, the native cryptocurrency of the TON blockchain, following recent news surrounding Telegram’s founder, Pavel Durov. In his latest analysis, Martinez highlighted the cryptocurrency’s price action, noting its struggle around a historically significant level. Using the TON/USD daily chart, the analyst pointed out that TON’s price has shown some hesitation while attempting to break through resistance around the $3.5 mark. The cryptocurrency had previously experienced a notable surge from a local low of $2.35 after a significant decline, rallying with considerable momentum before encountering resistance at its current price point. In the meantime, Martinez reviewed TON’s price for the past year and highlighted the $3.5 region as an optimistic level during last year’s bull run. The price served as a momentum boost for TON holders in the bullish market and triggered a substantial rally that pushed the cryptocurrency’s price to higher levels. Although most technical analysts could consider historical behavior and expect a repeat of last year’s price surge, Martinez thinks Durov’s ongoing legal issue with the French government might be negatively impacting TON’s prospects. The legal situation appears to have caused an abrupt halt to the recent rally that followed the cryptocurrency’s attempted recovery. Related: Crypto Market Jitters as Pavel Durov’s Release Odds Dwindle In the meantime, the French government recently allowed Durov to return to his home in Dubai after holding him in custody for several months. French authorities had arrested the Telegram founder last August, accusing him of failing to adequately moderate his platform and curb criminal activity. However, Durov denied the allegations, noting that he has cooperated with law enforcement over drug trafficking, child sexual abuse content, and fraud. Typically, crypto community members would expect Durov’s return to his home in Dubai to trigger positive sentiments for TON. That could still happen, depending on the altcoin’s next move from the current level. Related: Toncoin Market Performance Slips with Open Interest Falling to $141M Nevertheless, Martinez characterized the current situation as a “sense of denial,” as previously mentioned, suggesting that TON holders might be overlooking the potential impact of Durov’s legal challenges. 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.

XRP finds itself in a crucial price band as it hovers around the $2.28 mark (currently trading slightly higher at $2.30). After touching a low of $2.23 in the past 24 hours, XRP is now facing a significant hurdle: the 20-day Exponential Moving Average (EMA) at $2.33, according to data from CoinMarketCap. Crypto analyst Ali Martinez has warned that a price drop below $2 could trigger a significant decline, stating , “Below $2, a gap with no significant support could pull it to $1.60.” A look at a chart from Glassnode reveals a concerning “air gap” in the UTXO Realized Price Distribution (URPD) between $2 and $1.60. This “air gap” essentially means there hasn’t been much significant buying activity in this price range. Consequently, if XRP loses its footing at $2, there isn’t much in the way of support to stop a rapid fall to the next major demand zone around $1.60. Historically, when an asset dips into an area with very little trading volume, it tends to move quickly towards the next level where there’s strong buying or selling interest. The fact that a significant number of realized prices are clustered near $1.60 reinforces Martinez’s view that this level could act as the next critical support if sellers continue to dominate. Related: XRP Price Alert: Support Test, Bearish Signals, Bullish Hopes It’s impossible to discuss XRP without mentioning the ongoing SEC lawsuit. Back in January, speculation that the SEC might withdraw its appeal in the Ripple case sparked a rally that saw XRP’s price soar to nearly $3.40. However, the lingering uncertainty surrounding this legal battle remains a significant factor contributing to XRP’s price swings. Pro-crypto lawyer Bill Morgan has voiced concerns that the SEC’s prolonged silence on the matter could put increasing downward pressure on XRP’s price. Additionally, broader economic factors, including President Trump’s tariff policies and developments in Crypto Strategic Reserve Assets, have also played a role in shaping XRP’s trajectory, adding another layer of uncertainty to the market. As per the XRP daily chart below, the Relative Strength Index (RSI) is currently around 46.24, indicating neutral momentum. However, the direction of the RSI line suggests a downward trend, with bullish strength appearing to weaken. If the RSI continues its decline, XRP could indeed slip further. Related: XRP Price Check for March 19: Analyzing Key Support and Resistance Levels Additionally, the upper Bollinger Band is currently sitting at $2.71, while XRP’s price continues to trade below the midline (the 20-day Simple Moving Average) at $2.33. Notably, there’s significant support at the lower Bollinger Band, down at $1.95. XRP could very well retest the lower band, potentially losing the crucial $2 price level in the process. A clear break below $2 could, however, confirm Martinez’s bearish prediction of a slide to $1.60. 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.

Dogecoin (DOGE), a leader in the memecoin space, is gaining wide attention amid booming network activity. Driven by strong investor sentiment, Dogecoin address activity has seen a massive spike, raising discussions about DOGE hitting $6. In an X post , onchain analyst Ali Martinez pointed out that Dogecoin active addresses surged 400%, reaching nearly 395,000. This surge demonstrates the usefulness and engagement within the Dogecoin ecosystem despite wider market volatility. Additionally, Martinez highlighted the Stochastic Relative Strength Index (RSI) crossover for the Dogecoin price. This technical indicator provides a more sensitive reading of market momentum and potential trend reversal. Based on historical trends, a bullish crossover in the Stochastic RSI on Dogecoin’s weekly chart could signal a potential sharp rally. In previous instances, this crossover has led to outstanding price surges, with gains of 88%, 187%, and 444%. In the current market cycle, some traders and analysts aim for gains between 200% and 300%. Crypto analyst Marzell has highlighted a critical DOGE support level at $0.14750. The analyst claims this level is crucial for a bullish breakout scenario. Marzell noted that DOGE exhibits positive signals of breaking out of its falling wedge formation. Just like other known DOGE proponents, the analyst predicts a strong rally, potentially pushing DOGE prices between $0.46 and $0.65 if the support holds firm. A rise in user engagement could provide DOGE with the essential push needed to break through resistance levels and launch a bullish trend. Meanwhile, rising expectations for a Dogecoin ETF are probably the main cause of the increasing number of Dogecoin addresses. As we disclosed earlier, NYSE Arca has submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC). The stock exchange seeks approval to list and trade the Bitwise Dogecoin Exchange-Traded Fund (ETF). According to the SEC filing, the Bitwise Dogecoin ETF is designed to track the price of DOGE. The fund would allow investors to gain exposure without directly holding or managing the asset. The market has seen DOGE price trade at $0.1773, up 3.8% from the previous day. Following a recent price correction, DOGE has recovered from its weekly resistance of around $0.175. As the bulls take charge, crypto analysts anticipate a Dogecoin price rally to $6. In his chart, Martinez displays Dogecoin’s price movement weekly from 2015 through early 2025. The technical analysis reveals DOGE trading within a long-term logarithmic upward channel defined by parallel trend lines. The chart demonstrates that DOGE could hit the $6 level and beyond if it holds above the crucial supports. In our last update, we examined how Martinez predicted a moderate price of $3 for DOGE.

XRP is currently testing a crucial support level, raising concerns about a potential price drop in the near term. The fourth-largest digital asset dipped to $2.34 at the time of writing, and is now attempting to flip the 20-day Exponential Moving Average (EMA) at $2.3492 into a support level If the 20-day EMA fails to hold as support, further decline is possible. The immediate support lies at the recently tested $2.30 level. Technical indicators are flashing mixed signals, with some suggesting caution. The daily chart shows that the Relative Strength Index (RSI) stands at 48.91, hovering near the neutral 50 level. While this means the digital asset is neither overbought nor oversold, an RSI below 50 can indicate weak bullish momentum. Meanwhile, the XRP price is positioned near the middle Bollinger Band line at $2.3270, with the upper band resistance at $2.7169. If XRP can stay above the 20-day EMA, it could push toward the upper BB range in the short term Despite the short-term risks, some analysts remain bullish on XRP’s long-term potential. If the 20-day EMA level becomes support, the altcoin could gain momentum and potentially break above the $3 mark. Meanwhile, predictions of XRP at $15 have circulated in the market. Crypto analyst Ali Martinez has highlighted a significant breakout pattern on the XRP weekly chart. As per Martinez, XRP has broken out of a multi-year symmetrical triangle , which could set the stage for a parabolic move toward $15. A symmetrical triangle is a continuation pattern that forms when an asset consolidates within converging trendlines. Historically, a breakout from such formations leads to a strong rally in the direction of the prevailing trend. Based on the height of the triangle, XRP’s measured move could target a 500% surge from its breakout point, aligning with Martinez’s $15 projection. XRP’s price movement is also closely tied to the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC). The agency has dropped lawsuits against major crypto firms such as Uniswap, Coinbase, and OpenSea. Market participants now speculate about a possible settlement in the Ripple case as well. Legal expert Jeremy Hogan said that the case could be resolved soon if Ripple and the SEC reach an agreement, dismiss the appeal, and forgo bringing the terms back to the trial court. 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.

The price of Cardano (ADA) has experienced 6.3% market volatility resulting in a current trading value of $0.6838 . Technical indicators show ADA testing vital support zones which span from $0.80 through $0.66 even though its value has decreased. Staying above this level could be critical in determining its next move in the cryptocurrency market. A closer look at ADA’s price chart highlights a historically significant support and resistance zone. According to analyst Ali, an important price level that serves resistance and support functions appears between $0.80 and $0.66 in the ADA price history. Several prior rejection events from this specific range generated extended downward price movements but successfully breaking out through it triggered forceful market growth. Looking at the bigger picture, #Cardano $ADA key support zone lies between $0.80 and $0.66. Staying above this range could set the stage for its next move! pic.twitter.com/U4oRzRtyMW ADA remains within its support range at the bottom end as its daily low reached $0.6753 but climbed to $0.7699 during the period. Such bullish movement from this support area could propel ADA price to reach potential resistance at $0.80. The price may continue its downward movement and explore new support zones at $0.55 and $0.50 after breaking under $0.66. ADA currently shows a 2.0% price decline in relation to Bitcoin (BTC) which indicates it is less powerful than Bitcoin in the market today. The market uncertainty drives traders to shift funds into assets providing greater stability. The MACD indicator reflects recent bearish momentum, with a negative histogram value of -228.99M and the signal line remaining below the MACD line, indicating downward pressure. Source: Trading View Meanwhile, the RSI indicator shows 43.16 while its signal line maintains 46.63 which points to a neutral-to-bearish market condition for ADA. A positive move beyond $0.66 support level might establish new recovery patterns when market sentiment strengthens. A successful breakout past $0.80 signal would confirm a bullish comeback that might challenge the $1.00 resistance level again. Failure to sustain support between $0.66 will probably push prices into additional bearish territory. 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.