The Bitcoin price action has just delivered one of the rarest and most closely watched signals in technical analysis — the Golden Cross. Analysts suggest that this powerful setup could lay the groundwork for an explosive rally, with speculations pointing toward a potential surge of over 100%. 

Bitcoin Price Chart Flashes Golden Cross

On Thursday, crypto analyst ‘Merlijn The Trader’ declared on X social media that Bitcoin has just flashed a Golden Cross, its rarest and most powerful technical signal. The analyst described this development as a historic moment that has only occurred three times since BTC’s inception. Each past occurrence has led to extraordinary price rallies, establishing the Golden Cross as a key signal that most traders and investors watch closely.

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Sharing a detailed price chart, Merlijn outlined Bitcoin’s trajectory after each prior Golden Cross, pointing to returns that have left an indelible mark on the cryptocurrency’s history and the market as a whole. In 2016, the appearance of a Golden Cross set the stage for a bull rally of roughly 264%, a move many saw as the opening act of BTC’s first major run into mainstream recognition. 

A year later, the signal reemerged in 2017, coinciding with Bitcoin’s meteoric rise of over 2,200%, culminating in the unprecedented high between $17,000 and $27,000. The third Golden Cross formation came in 2020, when BTC surged more than 1,190%, climbing from a low between $4,600 and $7,000 to roughly $69,000 by late 2021. Each instance not only marked a breakout rally but also achieved a new all-time high for the cryptocurrency. 

Now, in 2025, Bitcoin has reportedly triggered the Golden Cross signal for the fourth time in its history. Merlijn’s analysis highlights that this is not just a routine crossover but an ignition point. He noted that previous Golden Cross signals aligned with the start of Bitcoin’s most powerful bull phases. As a result, the current setup could prepare the cryptocurrency for another outsized rally to new ATHs. 

Based on historical data, even a conservative repeat of past percentage gains suggests Bitcoin could climb well beyond $200,000. A 100% rally from current levels above $115,000 could push the leading cryptocurrency well above $230,000. However, Merlijn’s chart points to an even greater move, projecting a potential surge to nearly $400,000.

Bitcoin Bull Market Support Bands Hold Firm

Crypto analyst Mags has also drawn attention to a different technical signal, reinforcing Bitcoin’s bullish case. According to him, BTC’s bull market support bands have acted as critical support zones in the past cycles, keeping the broader uptrend intact during temporary corrections. 

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Throughout this cycle, each time Bitcoin’s price tested the bull market support band, it managed to hold and rebound strongly. The most recent test saw the cryptocurrency bounce cleanly off the band, suggesting buyers are stepping in at these levels to defend support. Mags added that this consistent support has created a foundation for further gains in BTC’s price, indicating that the market is not overextended. 

Featured image from Pixabay, chart from Tradingview.com

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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Last updated: 

September 6, 2025

Ethereum traded at $4,300 over the weekend, down 2%+. Despite the pullback, institutional inflows and whale accumulation are building underlying momentum for a potential reversal. Short-term volatility persists, but technicals and positioning indicate that ETH could soon challenge higher resistance levels.

Institutional Inflows Support ETH

ETH’s resilience is backed by around $450 million in ETF inflows, with BlackRock and other major players driving demand. These investments indicate that ETH is being viewed as a long-term asset, not just a short-term trade.

Institutional participation provides buying interest and stability to the price action, and ETH is now in mainstream portfolios.

ETF inflows also attract retail investors, who find validation in the large-scale adoption. This dual effect—whale confidence and institutional flows, creates a foundation for a more sustainable rally once resistance is cleared.

Key signals fueling optimism include:

• $450M ETF inflows supporting market stability
• BlackRock’s involvement is boosting institutional adoption
• Growing retail interest following institutional cues

Whale Accumulation Points to Recovery

Large holders, or “whales,” have been quietly accumulating ETH during price dips, suggesting they see value at current levels. Historically, whale accumulation has preceded meaningful price recoveries, as these investors often act ahead of retail participants.

Even with ETH slipping by more than 2% this week, accumulation patterns suggest confidence in medium- to long-term gains. For investors, this means that smart money expects ETH to break above its current barriers if the macroeconomic environment is supportive.

Ethereum (ETH/USD) Price Prediction: Technical Outlook

The Ethereum price prediction is slightly bearish, indicating a descending triangle formation, with the price repeatedly testing the $4,250 support level while struggling against the $4,490 resistance. This squeeze reflects contracting volatility, often a precursor to a breakout.

The 50-SMA at $4,370 is providing near-term resistance, while the 200-SMA at $3,872 anchors the broader uptrend. Candlestick formations, including Doji and spinning tops, underscore market hesitation, but the RSI at 44 indicates a subtle bullish divergence, suggesting accumulation.

A breakout above $4,490 could launch ETH toward $4,665 and $4,865, completing the triangle structure. Conversely, failure to hold $4,250 risks a retreat to $4,070 and $3,940, with the 200-SMA at $3,872 as final support.

Above $4,490, ETH could reach $4,665 and $4,865. Completing the triangle below $4,250 risks a drop to $4,070 and $3,940, with $3,872 serving as the 200-SMA, providing final support.

For traders, the strategy is simple: wait for confirmation.

A bullish engulfing candle with volume would validate the move and three black crows near support would trigger a sell. In the long term, sustained momentum above $4,490 could propel ETH to new cycle highs, just as Bitcoin did.

ETH’s next move may depend on this technical breakout. Institutional demand and whale activity are bullish, but confirmation is needed before the next leg up. If ETH clears its resistance, it could mark the start of a larger rally that solidifies its position as the leading smart contract platform in the digital economy.

Presale Bitcoin Hyper ($HYPER) Combines BTC Security With Solana Speed

Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its goal is to expand the BTC ecosystem by enabling lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation.

By combining BTC’s unmatched security with Solana’s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp development.

The team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its foundations.

Momentum is building quickly. The presale has already crossed $14.1 million, leaving only a limited allocation still available. At today’s stage, HYPER tokens are priced at just $0.012865—but that figure will increase as the presale progresses.

You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card.

Click Here to Participate in the Presale

Ethereum is testing key demand levels after falling below the $4,600 mark. This is a breakdown of increased sales pressure across the market. The Bulls, who have recently driven ETH to a new high, have lost control as momentum fades away, and fear is coming back to emotions. Traders are closely watching whether Ethereum can hold its support zone or whether deeper retraces are on the horizon.

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But under this volatility, on-chain data tells a different story. Top analyst DarkFost shared fresh insights showing that Binance’s Ethereum reserves fell by more than 10% within a week. The exchange balance has fallen from ETH of nearly 5 million to just under 4.5 million, indicating a sharp decline in demand. Usually, a decline in bookings on major exchanges means investors are moving their ETH to private wallets or debt protocols.

While speculation and short-term fear may be driving the current decline in reserves, the fundamentals behind Ethereum remain solid. The strong demand, coupled with consistent outflows from exchanges, indicates that large players are positioned for the long term. For many, this difference between price action and fundamentals could shape Ethereum’s next critical move.

Ethereum only reduces vinance

Within a week, Ethereum recorded a sharp decline in Binance reservations, falling by more than 10%. Data shared by analyst DarkFost shows that the amount of ETH available on the exchange has dropped from 4,975,000 on August 23rd to just 4,478,000 today. This ETH cut of nearly half a million people highlights a strong change in market dynamics, indicating investors are actively withdrawing their holdings from the platform.

If Exchange Reserves slows at this rate, the impact is clear. Users have chosen to move their assets to self-reliance or deploy them to decentralized finance protocols to earn yields. Both actions are widely regarded as bullish signals as they reduce the immediate supply of ETH that can be used for trading and selling in centralized exchanges. This trend often suggests stronger beliefs among holders and prefer long-term accumulation rather than short-term speculation.

Although internal transfers within the binance may have contributed to the overall decline, the consistent pace of outflow over several days suggests that authentic market demand is playing around with. The reserve drop comes at a time when Ethereum’s volatility grows, reinforcing the narrative that continues to accumulate large investors, even when price action remains uninterrupted.

Ultimately, the reduction in Binance’s ETH reserve highlights the fundamental strength of Ethereum’s foundations. Despite fears of sales pressure, data suggests demand is solid, and investors position what many expect to see as the next stage in Ethereum rally.

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Bull loses support as a seller’s pressure market structure

Ethereum has traded nearly $4,338 after falling below the $4,400 level, indicating an increase in sales pressure in the short term. The four-hour chart highlights a change in momentum, with ETH currently trading under the 50-day ($4,554) and 100-day ($4,499) moving average. The failure suggests that the bear has gained the advantage after weeks of volatility.

For now, ETH is $4,167 above its 200-day moving average. This serves as the final major line of defense in a wider upward trend. If the Bulls can stabilize prices here, Ethereum could try to rebound towards the $4,500-4,600 range, but momentum remains weak. The inability to maintain strength above $4,600 makes the ETH even more vulnerable to the downside.

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If sales pressure continues, a deeper setback to $4,200 cannot be ruled out. This level is consistent with previous demand zones and is consistent with the 200-day moving average, making it a key support area. Conversely, collecting $4,500 is the first signal that buyers are regaining control.

Dall-E special images, TradingView chart

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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Last updated: 

August 23, 2025

Bitcoin (BTC/USD) is back in the spotlight, trading above $116,000 as multiple global catalysts shape its future. US Federal Reserve Chair Jerome Powell’s rate cut hint has brought optimism, the Philippines is proposing a $1.1 billion Bitcoin reserve and Taiwan’s $72 million crypto crackdown has boosted regulatory trust.

Together, these developments highlight the maturing role of Bitcoin in global finance—both as a hedge and a growth asset. With technical charts also pointing to a potential breakout, traders now eye the path toward $130,000 with renewed confidence.

Taiwan’s $72M Crypto Laundering Case Boosts Market Trust

Taiwanese prosecutors have charged 14 individuals in what they call the country’s largest crypto money laundering case, worth around $72 million. Led by Shi Qiren, the group used unregistered exchanges “CoinW” and “CoinThink Technology” to scam over 1,500 people.

They deposited funds into machines, converted to foreign currency, bought USDT and then moved the money out.

Authorities seized millions in cash, luxury cars, and Bitcoin holdings. Prosecutors are pushing for a $39 million asset seizure, while CoinW denied involvement.

While the case exposed risks in loosely regulated markets, investors view the crackdown as a step toward stronger regulatory trust—likely supportive for Bitcoin in the long run.

Powell’s Jackson Hole Signal Fuels Crypto Rally

Federal Reserve Chair Jerome Powell reignited optimism during his Jackson Hole speech, hinting at an upcoming rate cut. He noted that shifting conditions may “call for adjusting policy,” leading markets to assign a 90% probability of a September reduction.

Bitcoin surged from $112,000 to above $114,700 within minutes, with Ethereum jumping 7% to $4,600. Altcoins including Solana, Dogecoin, and XRP all posted 6%+ gains. Investors had sold heavily earlier in the week but Powell’s dovish comments turned sentiment around.

Rate cuts have historically driven liquidity driven rallies across crypto and traders expect this to be no different.

Philippines Eyes 10,000 BTC National Reserve

Another major development came from Manila. Lawmakers in the Philippines have introduced a bill to create a 10,000 BTC strategic reserve worth $1.1 billion at current prices. The plan would see the Bangko Sentral ng Pilipinas purchase 2,000 BTC annually for five years, holding the coins in trust for 20 years.

Representative Migz Villafuerte framed Bitcoin as “digital gold,” arguing it would strengthen financial security. If approved, the Philippines’ holdings would rival Bhutan’s 10,565 BTC and exceed El Salvador’s 6,276 BTC, a move seen as a strong bullish signal by traders betting on institutional adoption.

Bitcoin Price Prediction – Technical Outlook

The short-term Bitcoin price prediction seems neutral as BTC’s chart below is shaping into a battleground between buyers and sellers.

After sliding into a descending channel in mid-August, BTC has bounced sharply from $112,000 support, reclaiming the 50-period EMA at $115,578. Price briefly tested $117,000, marking an attempt to break the channel’s upper boundary.

A completed harmonic pattern between $124,450 and $105,150 underscores the recent swings. Candlestick action near support produced a bullish hammer, followed by green candles that could evolve into a three white soldiers formation if momentum sustains. RSI has recovered to 55, while MACD shows a bullish crossover with a widening histogram—both reinforcing a constructive outlook.

If Bitcoin clears $117,000 and sustains above $119,000, upside targets emerge at $121,800 and $124,400. A breakout would likely push to $127,500 and possibly $130,000 in the coming months. On the downside $113,500 and $112,000 are key supports.

BTC Potential Trade Setup

A cautious entry above $116,200 with a stop under $112,000 aligns risk and reward. If confirmed BTC could rally to $124,400 and then $130,000 as bullish momentum builds into 2025.

New Presale Bitcoin Hyper ($HYPER) Combines Bitcoin Security With Solana Speed

Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its goal is to expand the Bitcoin ecosystem by enabling lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation.

By combining Bitcoin’s unmatched security with Solana’s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp development.

The team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its foundations.

Momentum is building quickly. The presale has already crossed $11.3 million, leaving only a limited allocation still available. At today’s stage, HYPER tokens are priced at just $0.012775—but that figure will increase as the presale progresses.

You can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank card.

Click Here to Participate in the Presale

After dropping below its rising trendline, which indicates a deterioration in short-term momentum, XRP is now at a pivotal point. XRP is now trading at about $2.86, having lost ground above the crucial support trendline that once directed its rally.

Although indicators suggest that buyers may be losing ground, a recovery is still possible if momentum picks back up. The Relative Strength Index (RSI), which is currently trading just below 40, is one of the best indicators. Usually, this level means that the asset is approaching oversold territory, where selling pressure might start to wear off. Notable rebounds have frequently been preceded by similar RSI readings in previous XRP cycles.

Given that the market is at a technical crossroads, the RSI indicates that a relief rally may be possible in the upcoming sessions. This mixed picture is further compounded by the consistent drop in trading volume. Since there is less conviction behind the sell-off, a relatively small amount of buying pressure could reverse the momentum and push it back upward, as indicated by the decreased participation.

In order to regain the ascending structure and pursue additional recovery, XRP may need to regain the $2.95-$3.00 zone. But hazards still exist. Now a crucial battleground, the 50-day EMA is situated just below current prices. A breakdown below this level might hasten losses in the direction of the 100-day EMA, which is located at $2.74. This area might serve as a last line of defense prior to more significant corrections.

All things considered, the XRP chart shows weakness, but not surrender. Bulls may soon have a chance to recover lost ground if the oversold RSI reading indicates that the downside momentum may soon stall. It is still possible for XRP to recover if volume increases and stays above its moving averages.

Bitcoin’s divergence

In addition to showing a pronounced bearish RSI divergence, the top cryptocurrency recently broke below its 50-day EMA, a historically significant support level. This pattern indicates that even though the price reached a new all-time high earlier this month, the underlying momentum has been gradually eroding.

This is a risky situation that frequently occurs before lengthy corrections. Because the divergence reflects market conditions observed in June 2022, when a similar setup preceded a deep and prolonged sell-off, it is especially concerning. Even though price action initially looked bullish, the RSI trended lower in both instances as the price pushed higher, indicating that buyers were losing strength. The final collapse resulted in a series of liquidations, and the state of the market now suggests that history may repeat itself.

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The apparent drop in trading volume strengthens the bearish argument. Usually, a declining volume trend during a retracement indicates that there is not enough demand at the current price levels. Given that Bitcoin is currently trading just above the 100-day EMA at $110,600, the likelihood of further declines increases in the absence of strong buyer support. The 200-day EMA, at about $103,500, might be the next crucial line of defense if this level gives way.

RSI is another warning sign, as it is currently approaching the neutral 40 zone. If it falls below 40, bearish dominance would be strengthened, which could hasten the downward trend. The market is delicately balanced in light of this, and further selling pressure could trigger a further decline.

Ethereum not empty

With Ethereum displaying resilience once more, there is conjecture that a run toward $5,000 might occur as early as September. ETH had to undergo a necessary correction after weeks of sharp increases, cooling off from its peak around $4,800. Crucially, the correction happened under control, with ETH recovering from the 26-day EMA and remaining above $4,200, a level that traders are currently targeting as short-term support. Corrections are frequently seen as a way to cool down markets, and Ethereum appears to have done so successfully.

While the recent pullback cleared out speculation and excess leverage, volume patterns indicate that sellers are waning as buyers gradually regain control. The technical room for another leg higher has been created by the RSI’s normalization after it had previously entered overbought territory. The self-driven correction in ETH’s setup is what makes it so interesting. Instead of being a panic-driven sell-off, Ethereum’s decline was more of a consolidation phase than a sudden market-wide crash. Usually a bullish sign, this type of behavior indicates that the asset is stabilizing before continuing on its current course.

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The likelihood of Ethereum retesting $4,800 increases if it keeps its footing above $4,200 and buyers keep intervening. A run toward the psychologically significant $5,000 mark would then be possible if that resistance zone were broken. Ethereum is the focus of renewed investor interest as Bitcoin consolidates and altcoin momentum increases.

Even though there are no guarantees in the cryptocurrency space, the charts indicate that ETH has established a stronger base for future growth. Ethereum may finally make the much-awaited move above $5,000 in September.

Trading Volume May Signal Tops & Bottoms For Bitcoin

In a new post on X, Santiment has talked about a pattern associated with the trading volume of Bitcoin. The “trading volume” here refers to a metric that keeps track of the total amount of the cryptocurrency that’s becoming involved in trading activities on the various centralized exchanges.

When the value of this metric is high, it means the traders are making a large number of moves on the market. Such a trend suggests interest in the asset is high. On the other hand, the indicator having a low value implies investors may not be paying much attention to the cryptocurrency as they are participating in a low amount of activity.

Now, here is a chart that shows the trend in the trading volume for Bitcoin and other top coins in the sector over the last few months:

In the above graph, Santiment has highlighted two large spikes in the trading volume of Bitcoin. The first of these, involving a movement of $84.08 billion in the asset, occurred at the start of April. Interestingly, this spike coincided with BTC’s tariff-driven dip. The other spike took place just earlier this month and saw the indicator hit a high of $90.90 billion. This time, the elevated trading volume came alongside BTC’s new all-time high (ATH) above the $124,000 level.

“Note that the two largest volume spikes from Bitcoin signaled the optimal time to buy (as prices were falling) and sell (as prices peaked to a new ATH),” explains the analytics firm.

What could be the explanation behind the pattern? Generally, the higher the trading activity, the more likely BTC is to observe some kind of volatility. This is because the moves being made by investors act as fuel for price moves.

Where the emerging volatility may lead the asset is hard to say based on the trading volume data alone, as it doesn’t separate between buying and selling moves. Spikes that come near price lows, however, can be signs of buying. This is what happened in April. Similarly, a particularly sharp uptick in activity after rallies, like the one seen earlier in the month, can be a sign of profit-taking.

At present, Bitcoin trading volume remains elevated, but its current value of $66 billion is clearly still a step below the levels seen during the aforementioned turnarounds.

BTC Price

Bitcoin has been facing sustained bearish momentum recently as its price has gradually been sliding down, with its latest value coming at $113,000.

Over half of the 25 largest US banks are now weighing or rolling out crypto-related products.

An Aug. 8 status chart shared by River that tracks the giants across two lanes, custody and trading. 

The snapshot shows multiple firms moving from “not yet” to “exploring,” “announced,” or restricted access for high-net-worth clients, indicating that digital asset offerings are steadily entering mainstream wealth and capital-markets pipelines.

Concrete moves since early 2024 help explain the shift. Morgan Stanley considered letting its 15,000 brokers recommend spot Bitcoin exchange-traded funds (ETFs) to clients, working on guardrails for suitability and allocations, a sign of expanding distribution beyond unsolicited orders. 

More recently, Charles Schwab’s chief executive said that the brokerage plans to add Bitcoin and Ethereum trading for customers, citing strong demand to view all holdings on a single platform. 

PNC went further on the banking side, selecting Coinbase so that wealth and asset management customers can trade crypto directly through their PNC accounts rather than a separate venue. 

Custody and tokenization are advancing in parallel. State Street signaled plans to launch a stablecoin and tokenized deposits to improve settlement, followed by efforts to tokenize bonds and money market shares.

BNY Mellon has been surfacing repeatedly in filings and product builds, including administrator and cash-custodian roles in ETF documents. Additionally, the bank appeared as custodian for reserves tied to Ripple’s RLUSD stablecoin more recently. 

Citi has explored Solana for next-generation financial services and tokenization pilots, and reportedly considered custody services in early 2025.

JPMorgan is on a spree of crypto-related projects in 2025. In June, the bank initiated a pilot project for a tokenized deposit token issued on Base, intending to facilitate instant dollar transfers.

Furthermore, the bank’s CEO Jamie Dimon revealed they will test stablecoin services along with the tokenized deposit token pilot. Notably, Dimon did not take back his criticism of crypto.

Last week, JPMorgan allowed its customers to access Coinbase to make direct crypto purchases without leaving their dashboard.

Taken together, these developments align with River’s chart, indicating that many top banks are not opening the floodgates. Still, they are preparing channels, such as ETF access, restricted trading for wealth clients, third-party integrations, custody mandates, and tokenization pilots. 

Access remains uneven and often limited to high-net-worth or advisory clients, yet the direction of travel is clear. 

The largest US banks are shifting their focus from monitoring crypto to operational planning and selective rollouts, with recent initiatives serving as proof points that a broader product set is coming into focus.

Mentioned in this article

This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

XRP: Not out of the woods yet

XRP

, the payments-focused cryptocurrency, surged 11% on Thursday, reportedly breaking out of a bull flag pattern to suggest renewed upward momentum. However, it’s not yet clear, as prices remain well below the crucial $3.65 level, where a bearish “tweezer top” candlestick pattern occurred last month.

The tweezer top is a bearish reversal pattern, comprising two candles with identical highs that represent a clear rejection point, in this case $3.65. It’s as if the market tried to climb to a new level twice and was met with a brick wall of selling pressure at the same spot, a sign that the upward momentum has completely stalled.

The bulls, therefore, need to overcome the significant supply point at $3.65, a move that would invalidate the bearish reversal pattern.

However, this may be easier said than done, as on-chain data suggests that holders are sitting on substantial profits and have a strong incentive to sell at current valuations.

“The [XRP] Net Unrealized Profit/Loss (NUPL) remains at elevated levels not seen since the 2021 peak, reaching similar levels to those observed in 2018. These high values indicate that the market still carries significant unrealized profits, which historically represents zones of potential distribution and price correction,” research firm Alphractal said on x.

• Resistance: $3.38, $3.65, $4.00.
• Support: $2.99, $2.72, $2.65.

Bitcoin: BTC awaits breakout

Bitcoin’s (BTC) recent pullback is currently taking the shape of a descending channel (white lines) within its primary uptrend (yellow lines). This pattern is a classic “bull breather” that suggests the market is consolidating its recent gains.

The price’s recent bounce from the 50-day Simple Moving Average (SMA) further reinforces the strength of this consolidation. For traders, this means that while the short-term trend is still corrective, the path of least resistance remains to the upside.

A decisive breakout from the descending channel would confirm a continuation of the broader uptrend, potentially yielding a move to record highs above $123,000. Conversely, a move below the May high of $111,965 would increase the risk of a deeper sell-off to $100,000.

• Resistance: $120,000, $122,056, $123,181.
• Support: $111,965, $104,562, $100,000.

Ether: Major breakout

Ether has rallied to over $4,200, reaching levels last seen four years ago. The cryptocurrency has broken out of a prolonged symmetrical triangle that contained its price since the all-time high in late 2021, which is a major bullish signal.

The decisive breakout, particularly on a chart with this long a time horizon, indicates that the market has officially entered a new, powerful uptrend, opening the door for a retest of record highs above $4,800.

• Resistance: $4,400, $4,875, $5,000.
• Support: $4,000, $3,941, $3,737.

Author

Simon Chandler

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Simon Chandler

About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,…

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Last updated: 

August 8, 2025

The Dogecoin price has soared 8% in the past 24 hours, hitting $0.223 as whale activity ramps up and momentum builds across the meme coin space.

DOGE is now up 8.5% on the week, 30% over the past month, and a massive 123% in the past year, showing powerful long-term strength that continues to outpace expectations.

Technical analysis suggests DOGE may be sitting at the very beginning of a major breakout, with the potential to push toward new all-time highs as bullish sentiment floods back into the market.

With the broader crypto rally gaining speed and Dogecoin still leading the meme coin narrative, the setup points to a very bullish long-term Dogecoin price prediction – one that could surprise even the most optimistic holders.

Dogecoin Price Prediction: Biggest Whale Buy Since 2024 – Could This Be the Smart Money Signal?

Analyst Ali Martinez has tracked a considerable increase in whale accumulation in recent days, with large investors accumulating 1 billion DOGE in the 24 hours leading up to August 6 (Wednesday).

In fact, Martinez followed up this post with another earlier this morning, showing that whales are still at it, having bought 230 million DOGE in the past 24 hours.

This is hugely bullish for DOGE, since even with some big buys earlier in the week, whales still have an appetite for the meme token.

It has benefitted from the market-wide rally today, which in turn appears to have followed from yesterday’s news that Ripple has acquired stablecoin platform Rail for $200 million.

While this news is obviously of direct relevance only to Ripple and XRP, it was the major catalyst in today’s rally, with prices following XRP’s aggressive surge.

As such, demand is higher across the board, and this includes demand for Dogecoin, which is enjoying a boost in momentum.

As its chart shows, its indicators are rising quickly from oversold levels, with its relative strength index (yellow) touching 70 today.

Its MACD (orange, blue) has also very recently turned positive, with the indicator having more space to rise before it enters an overbought position.

This is very encouraging for Dogecoin, which has also seen its trading volume double in the past couple of days, from $1 billion to just over $2 billion.

And some analysts are predicting a big medium- and long-term push, with Ali Martinez suggesting yesterday that it’s trading in “a historically strong buy zone.”

The Dogecoin price could therefore hit $0.30 by the end of the month, and higher toward $1 by the end of the year.

Could This Be the Meme Coin That Outruns Dogecoin?

While Dogecoin is expected to rise alongside the broader market, it’s unlikely to be the top-performing meme token in the months ahead.

Given its already massive size, newer meme coins are far more likely to deliver outsized gains, especially presale tokens entering their first growth phase.

That’s why many traders are turning to early-stage opportunities like Maxi Doge (MAXI), an ERC-20 token that recently launched its ICO and is quickly gaining momentum.

Maxi Doge has already raised nearly $500,000 in its presale, despite launching just a week ago, a sign of the strong momentum building around this project.

Fully embracing its meme coin identity, Maxi Doge is creating a high-energy community of traders who will help fuel its growth through engagement, competition, and shared conviction.

The project’s Telegram and Discord channels will serve as hubs for trading challenges and competitions, where holders can earn rewards by staying active and outperforming others.

This gamified approach aims to keep the community engaged, attract new traders, and build lasting demand for the token.

A key part of the project’s growth strategy is the Maxi Fund, which will hold 25% of the total supply (150.24 billion MAXI). It will be used to boost liquidity, form partnerships, and support the token’s long-term expansion.

This gives Maxi Doge the potential to be one of the biggest new meme coins of the year, with investors able to join its presale at its official website.

MAXI is currently selling for $0.000251, although this will rise in two days and will continue to rise periodically for the entire sale.

Click Here to Participate in the Presale