Altcoins
Analyst Outlines Massive Price Targets for Dogecoin, Predicts Parabolic Rally for Ethereum-Based Altcoin
Published
4 months agoon
By
admin
A closely followed crypto strategist believes that top memecoin Dogecoin (DOGE) is poised to spark massive rallies, en route to astronomical fresh all-time high levels.
Analyst Ali Martinez tells his 80,000 followers on the social media platform X that DOGE appears to be trading in a large ascending channel on the weekly chart.
An ascending channel is typically seen as a bullish structure as it suggests that an asset is printing higher highs and higher lows.
According to Martinez, Dogecoin looks to be gearing up for fireworks after respecting the diagonal support of the channel.
“A test of the middle or upper boundary of the channel puts Dogecoin DOGE at $2.40 or $18!”
At time of writing, DOGE is trading for $0.383, suggesting a potential rise of 526% if the coin hits the trader’s first target and about 6,000% if it reaches Martinez’s second target.
Next up, the trader has his radar locked on the native asset of the Ethereum (ETH) scaling solution Optimism (OP). According to Martinez, OP appears to be mirroring a pattern that led to parabolic rallies last year.
“Optimism OP has a history of forming market bottoms with ascending triangles, often followed by rallies to the 1.618 Fibonacci retracement level. Today, we’re seeing a similar setup, pointing to a bullish target of $7.20 for OP – a potential 340% gain.”
At time of writing, OP is worth $1.68.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Altcoins
Memecoin Insider Creates Wolf of Wall Street-Inspired Coin Despite Potential Interpol Warrant: Report
Published
20 minutes agoon
March 17, 2025By
admin
A man linked to the launch of two collapsed memecoins has reportedly gone ahead with another project despite a potential Interpol Red Notice with his name on it.
Blockchain analytics firm Bubblemaps reports that Hayden Davis was involved in launching WOLF, a coin inspired by the Wolf of Wall Street, the hit film based on former stockbroker Jordan Belfort.
Davis admitted to being behind the launch of LIBRA, a memecoin initially backed by Argentinian president Javier Milei. He was also copped for his involvement in the launch of MELANIA, a coin based on US First Lady Melania Trump. Both coins collapsed over 92% very shortly after their launch and have not recovered.
Shortly after the launch of LIBRA, Milei disavowed the memecoin, claiming he did not understand what he was getting himself into.
According to Forbes, Argentinian prosecutor Gregorio Dalbón has asked for a judge to arrange for an Interpol arrest warrant on Davis for his role in LIBRA.
Says Dalbón,
“I’m here to request the immediate detention of Hayden Mark Davis, a citizen of the United States, who is accused of being one of the principal actors behind the launch of the cryptocurrency LIBRA…
The possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses, which he can use to move or remain in hiding, hindering our investigation.”
Despite the threat of being arrested, Bubblemaps says that one wallet that sniped the launch and collapse of WOLF behaved exactly the same as a wallet involved in a previous pump and dump allegedly linked to Davis.
“Starting with the WOLF creator 6MsuHd, we followed funding transfers back across 17 addresses and five cross-chain transfers.
All led to a single address: OxcEAe
The same one owned by Hayden Davis!
Why would Hayden do this?
Maybe he thought no one would trace it back to him.
He funded these wallets months before LIBRA and WOLF launched, moving money through 17 addresses and two chains.”
At time of writing, WOLF is trading for $0.00047, down nearly 99% from its all-time high of $0.0429 recorded on March 8th, according to DEX Screener.
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Altcoin
XRP Must Close Above This Level For Bullish Breakout: Analyst
Published
23 hours agoon
March 16, 2025By
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XRP has struggled to gain momentum, with its price caught in a downtrend since the beginning of March. Although XRP has managed to push up in the past five days after reaching a low of $1.93 on March 11, it has yet to fully recoup its losses in the first week of the month.
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The altcoin’s long-term prospects are still on bullish speculation, but its short-term price action has frustrated traders looking for signs of a breakout. Amid this stagnation, crypto analyst Egrag Crypto has outlined specific price levels that could determine whether XRP finally reverses its course.
Analyst Identifies $2.65 As Key Level Before XRP Can Challenge $3.00
Egrag Crypto, a long-time bullish advocate for XRP, recently took to social media platform X to outline key price levels that could determine the cryptocurrency’s next significant move. He identified $2.65 as the first critical threshold the coin must reclaim to sustain meaningful bullish momentum. However, the analyst expressed concern over XRP’s repeated tests of lower boundaries, which is in reference to the recent bottom at $1.93.
According to the analyst, the frequent retests of this support level are a double-edged sword. While multiple touches on resistance can eventually trigger a breakout, repeated tests of support weaken its integrity, increasing the likelihood of a breakdown. He likened this pattern to knocking on a door that would eventually open or break. He highlighted six instances of XRP retesting this zone since December 2024 on a 12-hour candlestick chart, warning that prolonged weakness could pave the way for further downside.
For the crypto to escape this cycle and shift into bullish territory, Egrag emphasized the importance of a strong close above $3.00, not just a brief move past it. This level has served as the upper resistance trendline for the past two weeks and has been a barrier to any sustained uptrend. Failure to break and hold above $3.00 could cause continued correction in the short term and keep XRP trapped in its current range.
However, the analyst believes XRP’s chances of reaching $3.00, considering the current price action, are slim without securing a close above $2.65.
Image From X: EGRAG CRYPTO
What’s Next For XRP After $3?
March has been particularly bearish for XRP, with sellers maintaining control as it failed to reclaim lost ground. However, if XRP bulls manage to close above $3 before the end of the month, it will open up the door for the resumption of a price rally. With this in mind, Egrag set an initial target of $4.80, placing XRP at new all-time highs.
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Interestingly, this target is modest compared to the analyst’s more ambitious long-term projections. Egrag has previously predicted that XRP could surge to $110 in the long term. At the time of writing, XRP is trading at $2.37 and is still 26.5% away from reaching $3.
Featured image from Crypto Logos, chart from TradingView
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Altcoin
XRP $15 Breakout? Not A Far-Fetched Idea—Analysis
Published
1 day agoon
March 16, 2025By
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After dropping to less than $2 last March 11th, Ripple’s XRP springs back to life and it’s currently trading between $2.30 and $2.40. And with the US Securities and Exchange Commission vs Ripple case nearing its resolution, the market can expect more price volatility for this digital asset.
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Within this context, market analyst Ali Martinez boldly claims that Ripple’s native coin still have the legs to hit a two-digit figure this cycle, using an extensive symmetrical triangle formation as a solid basis.
Martinez’s view runs opposite the bearish statements from other commentators. XRP has been on a slide lately, affected by the broader crypto fall, dipping by around 25% from its $3.40 high achieved mid-January.
XRP Gradually Builds Its Symmetrical Triangle
Like most cryptos, XRP continues to have a highly volatile market performance. The token attempted a recovery early this month but met resistance, leading to a steep decline on March 11th. Interestingly, a few commentators remain bullish on the altcoin, including Martinez, who sees the token on track to reach $15.
This is why $XRP can still reach $15! pic.twitter.com/vkIiR0rnpU
— Ali (@ali_charts) March 14, 2025
In his latest commentary, shared via a Twitter/X posting, Martinez highlighted the seven-year symmetrical triangle formed by this asset, which dates back to January 2018, when it dropped from its $3.80 high.
Even before Martinez shared this observation, several commentators reported the triangle’s formation, suggesting that a breakout could lead to a price run.
The Ascending Trendline
According to Martinez, XRP formed its lower highs in January 2018, extending the descending trendline on top. As the crypto witnessed higher lows during this time frame, it extended its ascending trendline below, creating a symmetrical triangle.
Interestingly, XRP exited the symmetrical triangle structure following the November US elections. Ripple’s native token surged by 280% for the month, marking the biggest 30-day increase for the asset in seven years.

Along with surprising traders, this breakout inspired fresh hope among XRP enthusiasts. While some experts noted that past breakouts do not automatically ensure continuous rallies, many saw this spike as evidence of possible long-term strength.
Still, the dramatic price fluctuation sparked conversations on XRP’s future, particularly in light of further government changes and more general market movements.
Ripple’s XRP is currently trading at $2.37, which is 2% up in the last seven days.
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XRP Currently Retesting A Breakout
After two months of upside, Ripple’s XRP is on a downturn, reflecting the broader crypto market sentiment. According to Martinez, XRP’s price is currently retesting the triangle chart breakout. He also suggested that even if XRP slips below $2, it’s still on track for a breakout, as long as it stays above $1. Armed with the charts, Martinez believes that XRP hitting $15 is not a far-out idea.
Featured image from StormGain, chart from TradingView
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