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Dogecoin (DOGE) price traders are eyeing a major price move as the meme coin consolidates within a bullish falling wedge pattern. Analysts predict that a breakout above $0.276 could trigger the liquidation of over $94 million in short positions. This would potentially propel the price toward $0.30. With rising open interest and whale accumulation, DOGE appears primed for heightened market activity. In addition, long-term forecasts from market analysts suggest that Dogecoin could surpass $10 during the next significant market cycle, driven by historical price surges and increasing interest from large holders. Dogecoin Price Falling Wedge Targets $0.30 Breakout The 4-Hour chart of Dogecoin price (DOGE) presents the falling wedge pattern, which is seen to be a reversal pattern. This is where two converging trend lines are formed due to the formation of lower highs and lower lows as the bearish pressure gets weak. At the time of writing, DOGE was at $0.25381, further up, the price was being resisted by the upper trend line. Technical Indicators Show Momentum Building Currently, the Relative Strength Index (RSI) of DOGE is at 46.00. This is most of the time neutral but leans towards oversold. MACD has indicated an improving bull trend with the histogram bar proceeding to the positive side. This means that bearish pressure is declining. Analyst Ali points out that $0.276 is a critical level, with $94 million in short liquidations at risk across major exchanges. If Dogecoin price (DOGE) surpasses this level, it could act as a catalyst for rapid upward movement. This marks a significant shift in market sentiment. Open Interest and Whale Activity Boost Market Confidence Open interest (OI) data shows that users are active in the futures and options market of Dogecoin. The open interest of $1.2 billion shows that traders are opening new positions on different exchanges. It looks slightly up by 1.20% in the last 24 hours. Among the leading derivatives exchanges, Binance has the highest OI at $ 554.9 million. Bybit is at the second position at $395.6 million. This concentration means that most of the actions happen in these platforms. These are the places that can be used to closely track the prices. At the same time, there is concentration of whales which is referred to as the whale accumulation. As per the on-chain data, large investors have purchased 750 million Dogecoin (DOGE) during the low trend. The accumulation by large holders has risen by 5.33% in the last seven days, while the rise in large holder activity within the last 90 days was up 3,722.46%.. Short- and Long-Term Scenarios for Dogecoin Price In the short term, the level that has the most influence on DOGE is located at $0.276. Essentially, the price may rise to $0.30 in the shortest time and more resistance may be found around $0.32-$0.35. Nevertheless, the levels failed to be breached to the upside and this brings about a possibility of a tumble back to $0.25 or even as low as $0.20-$0.22. Long-Term Predictions Analysts are increasingly optimistic about DOGE’s potential in the next major market cycle. Drawing on historical patterns, which saw Dogecoin surge by 21,821% and 54,890% in previous bull markets, some projections suggest that DOGE could surpass $10. Disclaimer The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Recent analysis by researcher Nazri, using data from Laevitas, has highlighted a significant divergence between off-chain and on-chain open interest (OI) in Solana ($SOL ). The data, covering the period from January 13 to January 17, presents conflicting signals that could impact the asset’s short-term price action. Off-chain OI data shows both price and OI increasing, a classic sign of strong bullish momentum as traders take on more leveraged positions. This suggests confidence in the rally, with market participants expecting further upside. However, on-chain OI data tells a different story—while Solana's price has been rising, OI has been declining, indicating that positions are being closed rather than new ones being opened. This pattern often signals an unsustainable rebound, where price increases without strong conviction from futures traders. This divergence raises concerns about a potential price correction if buying pressure fades. Traders should watch for signs of weakness, such as decreasing trading volume or sudden price rejections. If on-chain OI continues to drop while prices remain elevated, Solana could face increased volatility and a possible retracement. Keeping an eye on market sentiment and derivatives data will be crucial in navigating the next moves for $SOL.

Researcher Nazri highlighted an intriguing divergence between Solana's off-chain and on-chain open interest (OI) using data from Laevitas. The analysis, covering the period from January 13 to January 17, reveals that off-chain data shows both price and OI increasing, indicating a strong bullish momentum. In contrast, on-chain data shows price increases accompanied by a decrease in OI, suggesting an unsustainable rebound. This ongoing divergence may warrant attention for potential price corrections.$SOL

🥱 SEC delays decision on Ethereum ETF options until April 2025 The U.S. Securities and Exchange Commission (SEC) has taken additional time to review the application for the launch of Ethereum ETF options, according to the latest regulatory filing. What’s the issue? The application was submitted by Nasdaq ISE in July 2024 and concerns options for BlackRock’s iShares Ethereum Trust (ETHA). The SEC has not yet made a final decision and now has until April 2025 to decide. Why does it matter? 🟡 Options are a crucial step toward wider institutional adoption of ETH. 🟡 Bitcoin ETF options started trading in November 2024, reaching $2 billion in volume on the first day. 🟡 ETH ETFs have already attracted around $9 billion in net assets, and options could accelerate this process. Will it get approved? The SEC previously approved Bitcoin ETF options, and under Trump's administration, regulators have become more open to crypto products. Many expect Ethereum to get the green light as well, but now it's a 2025 decision.