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.
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XRP price has been moving sideways in the last seven days with a weekly high of $2.23 and a weekly low of $2.01. However, a breakout from the consolidation zone could be on the horizon after the US Federal Reserve hinted that it may adopt Ripple’s blockchain. If this happens, how high would XRP rally, and would it realistically reach $20? Let’s explore.
XRP Price in Focus as Fed Hints US Banks Can Use Ripple
Speculation within the Ripple community is rife that the Federal Reserve can integrate the Ripple blockchain for its FedNow payment systems. If this happens, it would bolster a parabolic rally for the XRP price.
Crypto analyst CryptoGeek highlighted a document shared by the Fed on its plans to integrate blockchain technology to bridge the gap between traditional banking and decentralized finance (DeFi). One of the blockchains it plans to use is the Ripple network, which has garnered attention amid the end of the SEC vs. Ripple case.
Another analyst also pointed out that this integration may happen as early as July 14. This is the date that the Fed plans to roll out an upgrade to the Fedwire Funds Service.
This rumoured integration comes after reports that Ripple is partnering with SWIFT. Moreover, by being a US-based blockchain, there is a high chance that the Fed integration will happen. This suggests that the XRP price may be poised for a parabolic rally.
Can XRP Price Hit $20?
If Ripple is integrated by the US Federal Reserve, the price can rally to as high as $20. If XRP price were to reach this price with the supply of 60 billion tokens, it would attain a market capitalization of $1.2 trillion, and emerge as the largest altcoin.
Davinci Jeremie, an early Bitcoin investor who urged people to buy BTC at $1, believes that the XRP price will reach $24 by the end of the year. He noted that support from the US administration would be the key to this rally.
“There is a lot of people in the US government that are pushing XRP. And so we could see possibly, XRP do something crazy.”
Given this XRP price forecast, $20 is a realistic target for the altcoin. Additionally, integration by the Federal Reserve will be a key catalyst for such a rally.
Short Term Forecast for Ripple Price
The daily chart shows that the XRP price has some hurdles to clear before making a strong uptrend. The RSI shows that buyers are hesitant. This indicator saw a steady rise earlier this month, but it is dropping again, indicating that the bearish momentum is growing strong again. Traders should watch out for a lower low in the RSI to confirm a steep downswing.
Conversely, XRP continues to trade above crucial support at the 200-day EMA. As long as Ripple defends this support, it may avoid a steep selloff. A resumption of bullish trends will be confirmed if XRP price can break out of the 50-day EMA at $2.21, which is also the upper trendline of the descending channel. This breakout will shift the market structure to bullish.
XRP price is surrounded by multiple bullish catalysts, including the possible adoption by the Federal Reserve. This may kickstart a rally past 420. However, Ripple needs to break bearish hurdles on the daily chart to record a strong upswing.
Frequently Asked Questions (FAQs)
XRP price can hit $20 and attain a $1.2 trillion market cap if it is adopted by the Federal Reserve. This integration will drive massive demand for the token.
Speculation is rife that Ripple will be adopted by the Federal Reserve as early as July 14. However, the Fed has yet to confirm these rumors to be factual.
The most crucial level to watch for is $2.21. If XRP flips this level, it may kickstart a resumption of bullish trends.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of 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.
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While the Shiba Inu price has crashed by 65% from its November highs, one crypto analyst believes it is too resilient to fail and that it is much better than other meme coins like Dogecoin and Pepe. As such, if her reasons are correct, the SHIB price will likely bounce back in the long term.
Shiba Inu Price Could Soar as Analyst Makes Her Bullish Case
A crypto analyst has suggested that Shiba Inu is too strong to fail. That is likely a reference to the “too big to fail” phrase that refers to the biggest banks in the United States.
In an X post, an anonymous analyst going by the name ShibaBaby Shib, explained that Shiba Inu had transitioned from being a meme coin into a full-fledged ecosystem with real utility.
She pointed to Shibarium, its layer-2 network that aims to compete with other players like Base and Arbitrum. Additionally, she pointed to other utility tokens in the ecosystem like BONE, LEASH, and TREAT. Each of these token has a clear utility in the crypto industry, with BONE being used to handle payments in Shibarium. She said:
“SHIB isn’t just hype—it’s a movement with infrastructure, vision, and unstoppable community strength.”
Shibarium has become a rapidly growing layer-2 network, handling over 1.05 billion transactions. It has also added over 197 million addresses over time. Its growth will contribute to Shiba Inu’s performance by increasing its burning mechanism.
In addition, unlike other inflationary meme coins, Shiba Inu continues to burn billions of tokens weekly. Burning reduces the number of coins in circulation, boosting the value of the remaining tokens.
SHIB Price Technical Analysis
The daily chart reveals that the Shiba Inu price has formed a few bullish chart patterns that point to 3x in the longer term. It formed a big falling wedge between November last year and March. A strong bullish breakout often follows this pattern, especially if it is a big one.
SHIB price has also formed a triple-bottom pattern at $0.00001080. This pattern is made up of three low swings and a neckline, which, in this case, stands at $0.000033, its highest level in 2024.
Most recently, it has formed a smaller double-bottom with a neckline at $0.00001567.
Therefore, while it is too early to predict, it is likely that the coin will bounce back, and possibly hit the neckline at $0.00003335. This SHIB price forecast is about 300% above today’s level.
The alternative scenario is dire for the coin. A drop below the triple-bottom point at $0.00001080 will be a sign that bears have won and push the coin much lower over time.
Frequently Asked Questions (FAQs)
The analyst cited the fact that SHIB was no longer a meme coin. Instead, it is a solid cryptocurrency project with a utility.
The most likely scenario is where the SHIB price surges and hits its highest level in 2024, which is about 3x from the current level.
From a technical perspective, the bullish forecast will become invalid if it falls below the triple bottom point.
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
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.
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Ethereum price tumbles below $1,600 facing pressure amid $86 million DeFi capital flight to faster, low-cost rivals like Solana.
Capital Rotation Into Solana Spurs Concerns for Ethereum’s DeFi Dominance
Ethereum (ETH) is facing renewed competitive pressure after nearly $87 million in assets migrated from its ecosystem to rival blockchains in the week following former U.S. President Donald Trump’s repeal of a controversial decentralized finance (DeFi) regulation.
On April 10, Trump signed a bill overturning a Biden-era mandate requiring DeFi protocols to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. The reversal was widely interpreted as a win for crypto-native projects, removing a major regulatory overhang that threatened the sector’s permissionless structure.
But for Ethereum — the current hub of DeFi liquidity — the impact has been less than favorable.
According to data from Wormhole, the largest cross-chain bridge on Ethereum, Solana captured the lion’s share of outflows with over $54 million redirected into its ecosystem. Base, Arbitrum, and Avalanche followed, attracting $9.6 million, $5.8 million, and $3.9 million, respectively.
Rapid Transfers from Ethereum Sparks 21% rally for Solana
Notably, the Solana-bound assets were funneled into DeFi protocols such as Jupiter, Kamino, and MarginFi.
Based on the latest data from DefiLlama, Solana TVL has been on a steady rise since Trump’s signing repealed the DeFI law last week.
As seen in the chart above, Solana TVL increased 12% from $6.1 billion on April 9, to hit the $6.9 million mark at press time on Wednesday, April 16. This shows that investors deposited over $800 million into various Solana native Defi protocols over the past week.
With Solana price currently trading at $135, up 21% on the weekly timeframe. Comparatively, Ethereum price is trading below $1,600 mark, with its 8% gain on the weekly candle, reflecting second lowest returns among the top 10 ranked crypto assets.
Looking Ahead:
The DeFi fund flows observed on the Wormhole bridge further reinforce the narrative that Ethereum could be losing market dominance, as deepening regulatory clarity encourages investors to switch towards rival Layer-1 and Layer-2 protocols.
The ongoing migration trend from Ethereum to faster, lower-cost networks. Ethereum still leads in total value locked (TVL), but this week’s data is a clear signal of shifting momentum.
More so, major institutional players venturing into crypto on new themes like Real-world Asset and securities Tokenization are increasingly opting for alternative layer-1 protocols like Hedera, Avalanche, while Solana and Cardano maintain a strong hold on retail dominance.
Solana, which suffered from performance concerns in 2022, has staged a significant turnaround in both uptime and developer activity.
The network processed over 60 million daily transactions this week, far surpassing Ethereum’s 1.1 million, and maintained average fees below $0.01, according to data from Solana Explorer.
Ethereum Price Forecast: ETH Eyes $1,700 Rebound as Momentum Shifts
Ethereum price forecast charts show early signs of a potential rebound after closing at $1,592.60, gaining 0.24% on the day.
The Bollinger Bands are starting to compress, suggesting a volatility squeeze, with the mid-band resistance at $1,695.42 acting as the first upside target. ETH price is currently attempting to reclaim ground within the lower half of the bands, signaling the possibility of a bullish reversal.
The Parabolic SAR dots have flipped below the candlesticks, which is a classic buy signal in trend-following strategies.
This adds further weight to a bullish Ethereum price forecast, especially as the MACD histogram shifts into green territory for the first time in weeks. The MACD line is rising toward the signal line, suggesting bullish momentum may soon dominate.
If ETH clears $1,695, a push toward the upper Bollinger Band at $1,960 becomes plausible. However, failure to maintain current support near $1,430, ETH price risks a retest of $1,397.19, where the SAR last confirmed support.
Frequently Asked Questions (FAQs)
Ethereum faces stiff competition from faster, lower-cost Layer-1s like Solana, especially after $87M in assets migrated post-regulation repeal.
Ethereum still leads in Total Value Locked (TVL), but ongoing migration to Solana and others poses a real competitive threat.
Yes, Ethereum remains foundational for DeFi, but investors should monitor shifting flows and regulatory developments affecting its ecosystem
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.
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