Price analysis
Analyst’s Solana Price Forecast Hints $4,000 Target
Solana price, a Layer 1 blockchain, has showcased exceptional growth, becoming a standout performer in the cryptocurrency market. Since early November, SOL has gained significant momentum, breaking key resistance levels amid a wider crypto rally. Over the past year, its value has surged by 218%, reflecting strong investor confidence. Despite minor dips, analysts suggest Solana’s price could climb higher, with some projecting an ambitious target of $4,000.
Can Solana Price Hit $400 According to Analyst
A prominent crypto analyst has tweeted a bold price prediction for Solana, citing a “cup and handle” chart pattern. According to the analysis, Solana could potentially reach $4,000 in the near future if the bullish structure materializes.
The analyst shared a monthly chart showcasing the formation of a classic “cup and handle” pattern. The chart suggests that Solana has been consolidating within a critical resistance zone around $260. A breakout from this range could validate the bullish thesis.
The prediction assumes Solana will break through its current resistance and rally toward higher Fibonacci extension levels. Notably, the 1.618 and 1.786 extensions, often used in technical analysis, indicate potential targets of $2,236 and $4,013, respectively. The ultimate price goal of $4,000 represents a staggering 1,861% increase from current levels.
The Solana price could skyrocket, driven by growing interest in Solana meme coins like WIF and a potential ETF approval. Grayscale’s recent Solana ETF filing with the SEC has boosted investor enthusiasm, aligning with rising demand across altcoin markets.
Bitcoin’s strong resistance above key levels and a resurgent crypto market fuel optimism for SOL. The upcoming U.S. presidential inauguration in January could create additional market momentum. Speculation surrounding an altcoin season, alongside increased investor activity, positions Solana as a standout performer. These factors could push SOL closer to its ambitious $4,000 target.
Solana Price Eyes More Bullish Ahead
Over the past month, the Solana price has seen a slight surge in its value. At the time of writing, the SOL price is hovering at $223.49, marking a 2.78% gain over the past 24 hours. This recent performance showcases a gradual upward trend amid fluctuating market conditions.
Despite the signs of recovery, the Solana price prediction faces challenges in overcoming the critical $262 resistance level. A breakout above this zone could pave the way for further gains, while failure to breach it might lead to a retest of the $200 support zone.
The Chaikin Money Flow (CMF) indicator has risen to 0.05, suggesting increasing buying pressure and capital inflow into the asset. The Moving Average Convergence Divergence (MACD) presents a bullish crossover, with the MACD line climbing above the signal line.
Solana’s bullish momentum and strong investor interest signal potential for further growth. However, breaking critical resistance levels is crucial to achieving ambitious targets like $4,000 in the near future.
Frequently Asked Questions (FAQs)
It is based on the “cup and handle” chart pattern analysis.
Strong investor interest, ETF hype, and altcoin market demand.
Bitcoin’s strong performance boosts optimism for Solana and altcoins.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
XRP price has tumbled 8% over the weekend, hitting $2.3 at press time on March 16. As Ripple advances its legal battle and files new trademarks, how will XRP markets react in the week ahead?
Ripple (XRP) Tumbles 8% to End 4-Day Winning Streak
Ripple (XRP) emerged as one of the top-performing assets last week, fueled by renewed optimism in Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
On Thursday, FOX analysts reported that the SEC is considering classifying XRP as a commodity as part of ongoing settlement negotiations to conclude the long-running case against Ripple. The SEC is reportedly using Ethereum’s current regulatory treatment as a benchmark in its deliberations.
If this reclassification materialises, it could significantly enhance XRP’s prospects for ETF approval and potential inclusion in a strategic crypto reserve. However, after four consecutive days of green candles for Ripple price, driven by the SEC reclassification speculations, another major regulatory headline appears to have cut the XRP price rally short.
Why Is XRP Price Going Down Today?
After a four-day winning streak fueled by speculation that the SEC may classify XRP as a commodity, another major SEC announcement appears to have halted the rally.
On Friday, March 14, the SEC announced its decision to pause the approval process for altcoin ETFs, triggering a downturn in the prices of top altcoins over the weekend, particularly those with ETF filings in progress.
This development partly explains why XRP’s price has now plunged 8%, dropping from its Friday peak of $2.49 to $2.29 as of March 16.
Derivatives Market Analysis Flashing Early Rebound Signals
Despite the recent price dip, XRP’s derivatives market metrics indicate that bullish sentiment may still be in play. First, the latest Coinglass data shows, XRP’s trading volume has increased by 12.11%, reaching $6.05 billion. This suggests that despite the price pullback, there is still significant market activity.
Also, the 24-hour liquidation data (Rekt) stands at $11.58 million, with $8.98 million in long positions and $2.60 million in short positions. This suggests that while longs took losses amid the weekend drop, short sellers are now at risk of a squeeze if the price stabilizes.
XRP’s open interest has dropped by 6.70% to $3.14 billion, indicating that leveraged positions are unwinding. This could signal the end of the current correction, setting the stage for a fresh uptrend if demand picks up.
With strong derivatives volume and long positions outweighing shorts, the market appears to be positioning for a rebound. If broader sentiment improves and regulatory fears subside, XRP could regain momentum in the coming days.
3 Key Events XRP Traders Must Watch in the Week Ahead
XRP’s correction phase appears temporary, with derivatives market indicators pointing to sustained bullish momentum. Here are key factors influencing price movements this week:
1. Ripple Files Trademark for New Crypto Wallet Application
According to recent media posts, Ripple has reportedly filed for a trademark under the name “RIPPLE CUSTODY,” which hints at a potential new product focused on crypto storage solutions.
This development could drive fresh investor interest in the week ahead. For optimistic market watchers, Ripple is now in pole position to leverage international partnerships, and friendlier regulators to ship fresh innovative products that had been hampered during years of long litigation.
2. U.S. Federal Reserve Decision on February 19
The upcoming Fed meeting will play a crucial role in shaping broader market sentiment. Any hints of dovish monetary policy could spark increased risk appetite, potentially benefiting XRP and other digital assets.
3. SEC Pauses Altcoin ETF Approvals, but Market Watches for Further Developments
The SEC has temporarily halted decisions on altcoin ETF applications, but industry analysts expect continued discussions. Strategic investors will keenly watch out for Soundbites, and insights from key ETF sponsors in the coming weeks.
XRP Price Forecast: Bulls Eye $2.80 Rebound
XRP price forecast suggests a broader crypto market recovery is underway, setting the stage for XRP’s next move. The XRP/USDT daily chart presents a mix of consolidation and volatility, but key technical indicators hint at a potential rebound. The Keltner Channel (KC) midline at $2.35 is acting as immediate resistance, and a breakout above this level could open the door toward the upper KC band near $2.77.
The Relative Strength Index (RSI) at 47.49 sits in neutral territory, signaling neither overbought nor oversold conditions. However, its recent bounce from 40 suggests growing bullish momentum. A sustained RSI climb above 50 would reinforce the case for continued upside.
Despite the recent 8.38% dip in a single session, volume data shows a healthy recovery, with prior bullish days recording over 1.25 billion in volume—a sign that buyers remain engaged. If XRP can maintain support near $2.30, the bulls could regain control, driving prices toward $2.50 in the short term and $2.80 in extension.
On the flip side, failure to hold $2.30 could invite deeper retracements, potentially testing the lower KC band near $1.92. However, given XRP’s resilience in recent sessions, the momentum currently favors a bullish scenario
Frequently Asked Questions (FAQs)
XRP fell 8% after the SEC announced a pause on altcoin ETF approvals, triggering a broader market decline over the weekend.
Yes, derivatives data shows rising trading volume and bullish sentiment, suggesting a potential rebound if market conditions improve.
Ripple’s new trademark filing, the upcoming Fed decision, and further ETF regulatory developments are crucial factors for price movement.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Bitcoin’s price briefly crossed the $85,000 mark on Sunday, March 16, marking an 11% rebound from last week’s bottom of $76,000. Bullish traders have been deploying significant leverage positions on BTC ahead of the upcoming US Federal Reserve rate decision slated for March 19.
Bitcoin (BTC) Attempts $85,000 Recovery as Sellers Continue to Hold
After reaching an all-time high of $109,071 in January, Trump’s inauguration ushered in a pullback phase witch Bitcoin (BTC) experiencing a sharp decline of nearly 30%, hitting a low of $76,000 last week.
This downturn has been attributed to various factors, including geopolitical tensions following President Trump’s intervention in early March and recent US trade tariff announcements.
However, positive indicators from the US Consumer Price Index (CPI) and Producer Price Index (PPI) reports published last week have spurred a recovery. On March 16, BTC price briefly crossed the $85,000 mark, reflecting an 11.1% gain from the previous week’s low of $76,000 recorded on Tuesday, March 12.
This suggests that investor sentiment has improved significantly since the CPI data release on Wednesday, March 13, with many opting to hold their positions in anticipation of upcoming macroeconomic announcements.
What Fed Rate Outcomes Could Drive BTC to $100K?
The upcoming Federal Reserve decision on interest rates is a critical event for Bitcoin investors.
Historically, lower interest rates have led to increased liquidity in financial markets, often benefiting risk assets ranging from stocks to cryptocurrencies.
The next Federal Open Market Committee (FOMC) decision expected by Wednesday, March 19.
If the Fed signals a rate pause or hints at imminent cuts, it could boost investor confidence, potentially driving Bitcoin’s price toward the $100,000 mark.
Conversely, a hawkish stance with rate hikes could tighten liquidity, posing challenges for Bitcoin’s upward momentum.
However, based on recent data from CME Group, a majority of market watchers have priced in a 99% chance of a rate pause.
If this scenario plays out as expected, BTC price could see some upside in the aftermath of the official rate announcement, as often historically seen after less hawkish Fed decisions.
Bulls Established $1.9 Billion Dominance in Bitcoin Derivative Market
Having digested inflation-easing signals in the US CPI and PPI reports, with market watchers nearly ruling out the chances of a rate cut as previously feared, the majority of Bitcoin traders have priced in the rate pause decision and positioned trades accordingly.
In the derivatives market, bullish sentiment is evident. Over the last 7 days, bull traders have mounted long leverage positions amounting to $4.9 billion, while short leverage positions stand at $3.8 billion, giving bulls a net dominance of $1.1 billion.
BTC Outlook for the Week Ahead
This substantial long positioning indicates strong market confidence in Bitcoin’s future appreciation. However, it’s essential to monitor these leveraged positions closely, as sudden market shifts could lead to liquidations, amplifying price movements.
Given the 11% BTC price rebound over the past week, the anticipated Fed rate pause may have already been priced in, and many traders could capitalize on the announcement to execute a sell-the-news strategy.
In this scenario, BTC could see another downturn below the $80,000 mark, especially with long traders currently holding over-leveraged positions.
Bitcoin Price Forecast: Recovery in Play, but $100K Remains a Tough Target
Bitcoin price forecast chart below is showing signs of more upside potential after rebounding 11% from the recent $76,000 low, to reach $83,175 at press time. The bullish case for BTC price action new week is supported by a number of technical indicators, but the path to $100,000 remains uncertain as key resistance levels and market sentiment present challenges.
First, the Elliott Wave count suggests Bitcoin has completed a corrective leg down, aligning with the 1.618 Fibonacci extension at $76,555.
A bounce from this level indicates potential for a relief rally, with immediate targets at the 0.382 Fibonacci retracement level of $89,085, followed by $92,956 (0.5 retracement) and a stronger resistance near $96,827 at the 0.618 level.
Additionally, the Parabolic SAR indicator, currently at $97,068, further reinforces this zone as a pivotal area where bullish momentum could face major resistance.
However, bearish risks remain prominent. The volume profile shows declining buy-side momentum, suggesting a lack of strong conviction among bulls.
More so, the BBP (Bear/Bull Power) indicator remains deeply negative at -10,559, signaling that downward pressure is still in play. If Bitcoin fails to reclaim $89,000 convincingly, it could trigger another sell-off toward the $76,000 support level, potentially exposing the market to further downside.
For the week ahead, Bitcoin’s price action hinges on reclaiming $89,000. A decisive close above this level could fuel a rally toward $97,000, but failure to break above could see BTC revisiting $80,000 or lower.
Frequently Asked Questions (FAQs)
If the Fed signals a rate pause or future cuts, Bitcoin could rally. However, strong resistance levels and profit-taking may slow momentum.
BTC must reclaim $89,000 to sustain an uptrend. Resistance sits at $92,956 and $96,827, while support remains at $80,000 and $76,000.
Bulls hold a $1.1 billion net dominance in derivatives, but over-leverage increases liquidation risks, potentially leading to sharp price swings.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Cryptocurrency prices rose modestly during the weekend as investors embraced a risk-on sentiment following Friday’s surge in the US stock market.
Bitcoin (BTC) held steady above $84,000, while the market cap of all coins rose to over $2.8 trillion.
The crypto market will have two main catalysts this week: President Donald Trump’s tariffs and the Federal Reserve’s interest rate decisions. A sign of Trump easing his stand on tariffs and a more dovish Fed will be bullish for cryptocurrencies and other risky assets.
The top cryptocurrencies to watch this week will be Binance Coin (BNB), Cronos (CRO), and ZetaChain (ZETA).
BNB
BNB price will be in the spotlight this week as the developers activate the Pascal hard fork on March 20. This is one of the three upgrades scheduled for the year’s first half. It is set to introduce newer features, including more Ethereum compatibility, native smart contract wallets, and more security.
The other two upgrades will improve BNB Chain’s speed and security. This is happening as the BSC Chain becomes one of the best alternatives to Ethereum (ETH) and Solana (SOL). Ethereum has higher fees and is slow, while the Solana network is highly associated with meme coins.
Cronos
A key Cronos vote will conclude on March 17. This crucial vote seeks to determine the creation of the Cronos Strategic Reserve. It aims to do that by undoing a 70 billion token burn that happened in 2021.
If the vote passes, Cronos will create 70 billion tokens and use them to create a reserve that will be used to support the ecosystem. Critics argue that creating these new tokens will dilute existing investors by adding to the supply.
Voting data shows that 45.8% of users have voted in support of the proposal, while 44.4% have rejected it. 9.27% have abstained. If the vote ends like this, the proposal will be rejected as the turnout is less than the quorum.
ZetaChain
ZetaChain is another top cryptocurrency to watch after its price crashed to a record low of $0.2070. It has dropped by over 92% from its all-time high, bringing its market cap to $151 million.
One reason for the ZETA price crash is that the total value locked in its ecosystem has crashed to $13 million from its all-time high of near $20 million.
The other reason is that Zetachain is highly dilutive as it has a circulating supply of 731 million against a total supply of 2.1 billion.
The network will unlock tokens worth over $6.6 million, representing 4.29% of the float this week. Cryptocurrencies are often highly volatile when there is a major unlock.
Source link
XRP To Triple Digits? Analyst Confident In $100 Price Goal
What Are They And What Do They Do?
Trader Predicts Crypto Rallies Amid Expectations of Fed Monetary Policy Shift – But There’s a Catch
Solana’s 5th birthday highlights explosive growth and trading activity: Mercuryo
Trump, Associates Net $390 Million Payday From World Liberty Token Sale
Bitcoin Price Eyes $200,000 Breakout If This History Aligns
Gold-Backed Tokens Outperform as ‘Bond King’ Gundlach Sees Precious Metal Hit $4,000
Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets
Shiba Inu Gains Momentum: SHIB Price Breaks Above 100-Day Moving Average, What’s Next?
A Saint Patrick’s Day Price History
Memecoin Insider Creates Wolf of Wall Street-Inspired Coin Despite Potential Interpol Warrant: Report
Bitfarms stock dips despite $110m acquisition
Police Arrest Four Teens Over Amouranth Home Invasion, Attempted Bitcoin Theft
MUBARAK Coin Price Soars 22% Amid This Binance Announcement, What’s Next?
Michael Saylor’s MSTR Purchases 130 Additional BTC
24/7 Cryptocurrency News4 months agoArthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
Bitcoin2 months agoExpert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
24/7 Cryptocurrency News2 months agoAptos Leverages Chainlink To Enhance Scalability and Data Access
Bitcoin4 months agoBitcoin Could Rally to $80,000 on the Eve of US Elections
Altcoins2 months agoSonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje
Bitcoin4 months agoInstitutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Opinion4 months agoCrypto’s Big Trump Gamble Is Risky
Price analysis4 months agoRipple-SEC Case Ends, But These 3 Rivals Could Jump 500x
✓ Share: