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Solana Reclaims Monthly And Weekly Support Levels – Expert Sets $330 Target

Solana (SOL) has made a remarkable recovery following Monday’s unexpected flash crash, surging by more than 28% in less than five days. This impressive rebound has sparked renewed optimism among investors, who are now eyeing the potential for a bullish continuation in the weeks ahead. The rapid price increase has positioned Solana as one of the top-performing assets in the crypto market, signaling a potential shift in momentum.

Renowned analyst Jelle recently shared a detailed technical analysis, highlighting that Solana has broken out of its prolonged downtrend. According to Jelle, SOL has successfully reclaimed crucial monthly and weekly support levels, indicating a significant move could be on the horizon. These levels, often considered key benchmarks for long-term stability, suggest that Solana’s recent gains may be more than just a temporary bounce.

If Solana can sustain this momentum, it may not only recover from recent losses but also pave the way for further gains, potentially outperforming other major altcoins. As technical indicators align with market enthusiasm, Solana could be gearing up for a breakout rally that captures the spotlight.

Solana Set To Enter Price Discovery Phase

Solana (SOL) emerged as one of the top market performers in 2024, posting an impressive surge of over 170%. This stellar performance cemented its position as a market leader and highlighted its resilience and growth potential within the crypto space. As 2025 unfolds, optimism surrounding Solana remains high, with many investors anticipating significant gains in the coming months.

The momentum appears to be building already, as Solana begins the year with a potential breakout. Renowned analyst Jelle recently shared insights on X, pointing out that SOL has successfully broken out of the downtrend that had restrained it since late November.

Solana breaking out of a downtrend | Source: Jelle on X

Moreover, Solana has reclaimed both monthly and weekly support levels—crucial milestones indicating that the asset has regained its bullish footing. According to Jelle, the price action for Solana is “super clean,” suggesting that the cryptocurrency is well-positioned for higher valuations.

Jelle’s initial target for SOL is set at $330, a level that would not only mark a significant recovery but could also push Solana into a price discovery phase. This phase typically sees heightened market interest and volatility as traders and investors recalibrate expectations for the asset’s long-term value. With technical indicators and market sentiment aligning, Solana appears poised to capitalize on its upward trajectory.

If Solana sustains this bullish momentum, it could continue to dominate headlines as a top-performing asset in 2025. As anticipation builds for further upside, traders and investors are closely monitoring key levels, knowing that the cryptocurrency’s next big move could redefine its role in the broader crypto ecosystem.

SOL Testing Crucial Supply Around $220

Solana (SOL) is currently trading at $218, approaching a critical level that could determine its next major move. The price is on the verge of setting a new local high above $222, a significant resistance point. Breaking through this level would signal a strong bullish continuation, setting the stage for massive price appreciation and the potential to reclaim its all-time high (ATH).

SOL testing crucial supply | Source: SOLUSDT chart on TradingView

Analysts believe that if SOL clears the $222 mark and maintains its momentum, the next key level to watch is $250. Reclaiming and holding $250 as support would pave the way for Solana to enter uncharted territory, pushing its price into a new all-time high and potentially beginning a price discovery phase. This development would further solidify Solana’s position as a market leader and attract increased investor attention.

However, failing to surpass the $222 resistance or reclaim the $250 level could lead to a consolidation phase. Such a pause in price action might delay Solana’s rally but could also provide a foundation for renewed momentum in the future. With market participants closely monitoring these levels, Solana’s price movements in the coming days will be pivotal in determining whether the cryptocurrency embarks on its next major leg up or enters a temporary holding pattern.

Featured image from Dall-E, chart from TradingView

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Crypto PAC Fairshake Steps Up For an Encore in Florida Special Elections

Crypto’s chief political action committee has put money on its picks for the Florida congressional seats vacated by one of President-elect Donald Trump’s closest allies, Matt Gaetz, and the politician Trump tapped as a national security advisor, Michael Waltz.

With an extremely tight majority in the House of Representatives, the replacement of the two Florida Republicans is paramount to the party’s political agenda in Congress. Crypto super PAC Fairshake — through its affiliate PAC, Defend American Jobs — has begun spending hundreds of thousands of dollars on pro-crypto names in the special elections set to fill the seats.

Gaetz was briefly President-elect Donald Trump’s pick for U.S. attorney general — the nation’s highest law enforcement official — but he resigned from consideration and from Congress as pressures mounted from a House ethics investigation into his alleged payments for drugs and sex (including a report of sexual activity with a 17-year-old).

Trump turned to embrace the state’s chief financial officer, Jimmy Patronis, as his favored candidate to fill the resulting opening in the House of Representatives. Patronis, who is outpacing a crowded field of Republican rivals in the January 28 primary, is benefiting from about $200,000 in ad spending from Fairshake, the group said.

In October, Patronis pushed for putting some state pension money into crypto investments.

The PAC also committed about $500,000 to get state Senator Randy Fine to fill Representative Waltz’s vacancy. Trump also backed Fine in an endorsement that reportedly scattered a number of potential competitors.

The candidate posted on social media site X this week that “Floridians want crypto innovation!”

Super PACs can buy ads for or against candidates, as long as they’re “independent expenditures” not approved or coordinated by the candidates. Fairshake spent $139 million to help get 53 allies into the new session of Congress, so one in ten of the sitting lawmakers benefited from crypto-funded ads.

“We are keeping our foot on the gas,” Fairshake spokesman Josh Vlasto said on Friday.

The PAC still has a towering $103 million in funds at its disposal for the next congressional election cycle, putting it far ahead for the 2026 races.

Read More: Crypto Cash Fueled 53 Members of the Next U.S. Congress

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Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025

CoinCodex’s Machine Learning (ML) algorithm has released its monthly Dogecoin price prediction for 2025. The Dogecoin forecast highlights notable price increases from January to December, signaling bullish growth in this year’s Second Quarter (Q2).

Dogecoin Price Prediction From January To December

According to CoinCodex’s price projections, Dogecoin is expected to start 2025 with modest growth, reaching a minimum target of $0.352 and a maximum of $0.386 by January. This predicted price suggests a potential Return On Investment (ROI) of approximately 6.7%, as of writing. 

By February, however, Dogecoin is projected to experience a slight fluctuation, dropping to a minimum price of $0.355. It is also projected to see a maximum potential surge to $0.368, marking an 11% ROI. Dogecoin’s most remarkable price run is anticipated to occur during March and April. 

In March, Dogecoin is forecasted to reach a maximum price of $1, representing approximately 152.07% in ROI. This price increase is expected to be followed by an even more impressive growth in April, pushing DOGE above $1, with an ROI of 168.2%. 

By May 2025, Dogecoin is expected to stabilize around the $0.74 price level, reflecting a new ATH and a 79.15% ROI surge. The summer months also show a steady growth rate, with June projected to see a maximum Dogecoin price of $0.58 and a minimum of $0.50. This target represents a significant decline from its projected peak in Q1 2025. Moreover, Dogecoin is expected to yield a total ROI of 39.63%. 

In July and August, Dogecoin’s price could rise to a maximum of $0.70 and $0.67, respectively. These price surges are also expected to generate a significant ROI of 70.9% in July and 64.3% in August. 

The latter part of 2025 suggests more tempered gains, with September’s Dogecoin price estimates at $0.6, October at $0.58, and November at $0.5, on average. Each month is projected to yield significant ROIs of 56.76%, 53.46%, and 26.78%, respectively.

By December, Dogecoin is predicted to close the year at a minimum price of $0.47, a maximum of $0.52, or an average of $49. This reflects a 26.28% ROI; however, it also indicates a significant decline from previous projected highs during the early months of 2025.

While CoinCodex predicts Dogecoin’s price from January to December 2025, it also advises taking short positions for the first two months of the year. On the other hand, investors are urged to adopt a buy strategy from March through December, aligning with the anticipated bullish trend. 

Average Price Target For 2025

According to CoinCodex’s data, Dogecoin is expected to trade between $0.352 and $1.12. This suggests that the lowest expected price for this meme coin could be around $0.35, while its highest could surpass $1.12. 

Based on this predicted range, Dogecoin’s average price target for 2025 is $0.564, marking a potential ROI of 171.52% compared to current market rates. At the time of writing, the price of Dogecoin is $0.41.

Dogecoin price chart from Tradingview.com

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A Hidden Barrier to Smart Crypto Policy: The Ethics Rule Blocking Tech Talent

As federal agencies prepare for new executive leadership, an obscure ethics rule threatens to hamstring the incoming Trump administration’s ability to develop sound digital asset policy. Legal Advisory 22-04, issued by the Office of Government Ethics in 2022, has flown largely under the radar as part of the Biden administration’s restrictive approach to crypto. Yet its impact could be profound: it effectively bars anyone holding cryptocurrencies, tokens, or stablecoins from federal service.

For an incoming administration that promised to restore American competitiveness in financial innovation, this presents an immediate challenge. Key agencies like Treasury, SEC, CFTC, and the Federal Reserve will need officials who understand both traditional finance and digital assets. But the current ethics guidance forces potential appointees and civil servants to make an impossible choice: divest entirely from the sector or stay out of public service.

The irony is striking. A Treasury official can hold investments in JP Morgan while working on banking policy, but they can’t hold any amount of bitcoin while working on digital asset regulation. A SEC lawyer can own mutual funds while reviewing securities cases, but they can’t hold even $100 in stablecoins. This creates an artificial barrier to recruiting experts precisely when their expertise is most needed.

As Senior Director of Industry Affairs at the Blockchain Association, I work with more than 100 member companies at the forefront of financial innovation. Many of our members include professionals with deep government experience who could contribute valuable insights to federal service. Yet under current rules, their expertise remains off-limits unless they’re willing to completely divest from the industry they know best.

There’s a straightforward solution: The Office of Government Ethics should modify its guidance to allow de minimis holdings of digital assets, similar to existing rules for traditional financial instruments. This would maintain ethical standards while opening the door to badly needed expertise. Alternatively, the incoming administration could simply rescind the advisory via executive order – a quick win that would signal a more balanced approach to crypto policy.

The stakes are high. As countries like Singapore, Switzerland, and the UAE race to establish clear regulatory frameworks for digital assets, the U.S. government needs officials who understand both the opportunities and risks. Maintaining an overly broad ethics rule doesn’t just handicap agencies – it undermines America’s ability to lead in financial innovation.

For an incoming administration focused on effective governance and American leadership in technology, addressing this barrier should be an early, easy-to-achieve priority. The alternative is watching crucial positions go unfilled or, worse, filled by those with limited understanding of one of the most transformative technologies of our time.

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Why Bitcoin Won’t Stop At $150K: Expert Targets $250K–$400K

At the start of the year, many market analysts and observers shared their price expectations for Bitcoin, with many targeting $150k this cycle. However, a price target of $150k doesn’t do justice to Bitcoin, says one trader, arguing that the world’s flagship crypto asset is coming into this cycle with increasing institutional adoption.

According to Alex Becker (@ZssBecker), a $150k target is “too low and too short” and only represents 1/6th of gold’s market cap. Instead, Becker sees a price of $250k to 400k as a better and more realistic target for Bitcoin this cycle.

A Measly 48% Gain If Bitcoin Hits $150k

According to CoinMarketCap, Bitcoin is trading at $101,690, and if it were to hit $150k, then this would represent a 48% increase and only a 38% increase from its all-time value of $108,249.

According to Becker, it’s crazy to limit the price of Bitcoin to just $150k. At this value, this is only equal to 1/6th of gold’s market cap.

In the same post, Becker explains why the digital asset can hit a higher high. He mentions the increasing adoption of the flagship crypto among nations, funds, and corporations. Becker adds that many countries and firms look at Bitcoin as a store of value and want to hold the asset.

Analyst Targets $250k To $400k

After calling the $150k mark a “silly low price” for Bitcoin, Becker offered a more realistic target for the asset. He argued that Bitcoin will rise from $250k to $400k this cycle.

Becker’s sentiments were shared by Will Clemente, another popular crypto analyst. In his January 16th post on Twitter/X, Clemente argued that BTC will continue to appreciate in market price as soon as more countries adopt a Bitcoin reserve pool.

Clemente predicted that Bitcoin has the strength to hit $1 million. He further stated that once countries adopt a strategic reserve for the crypto, it’s only natural for the government to start stockpiling the asset.

Other Crypto Firms, Players Target Higher Price For BTC

With Donald Trump’s presidency just around the corner, many firms and crypto analysts offer their price takes on Bitcoin. Blockware Solutions, in a post shared last December 29th, said that $150k is the “bear case target” for Bitcoin in case Trump decides not to pursue the plans to launch a BTC reserve.

However, if the President pushes with the plans, the alpha coin’s probable base price is $225k, which can go up to $400k.

VanEck is also offering a more rosy picture for Bitcoin, saying that this digital asset may hit $180k by the end of the year. Bitfinex suggested that it may reach $200k by mid-2025.

According to Becker, the $150k target a few months ago was on target since only a few institutions are invested in the asset. However, in the current landscape of increasing adoption and favorable regulations, a $150k target just doesn’t make sense.

Featured image from DALL-E, chart from TradingView

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DCG, Former Genesis CEO to Pay SEC $38.5M to Settle Securities Fraud Charges

Digital Currency Group (DCG) and Soichoro “Michael” Moro, the former CEO of its now-defunct Genesis subsidiary, have agreed to pay a combined $38.5 million in civil penalties to settle securities fraud charges with the U.S. Securities and Exchange Commission (SEC).

The crypto venture capital firm will bear the brunt of the financial penalty, paying $30 million in fines, while Moro will personally be liable for a $500,000 penalty. In addition to the fines, both DCG and Moro agreed to a cease-and-desist order. Neither DCG nor Moro admitted to any wrongdoing. Moro is currently the chief strategy officer at INX.

The charges stem from DCG and Genesis’ response to the collapse of crypto hedge fund Three Arrows Capital (3AC) – Genesis’ second-largest borrower – in the summer of 2022, which blew a billion-dollar hole in Genesis’ balance sheet.

“We are pleased to have concluded an extensive investigation process that was limited in its findings and focused on the social media posts and communications made by our former operating subsidiary, Genesis Global Capital,” a spokesperson for DCG told CoinDesk. “DCG has always strived to conduct its business with the highest integrity, and we believe our actions related to Genesis were consistent with that approach.”

Regulators, including the New York Attorney General (NYAG) Letitia James, had accused DGC and Genesis, its wholly-owned crypto trading subsidiary, of working together to cover up the enormous hole by falsely claiming that DCG had absorbed Genesis’ losses. What DCG had allegedly done was issue Genesis a promissory note – essentially an IOU meant to create the appearance of liquidity – pledging to pay Genesis $1.1 billion over the course of 10 years at 1% interest. DCG has denied that the promissory note was a sham.

“It is vital that companies and their officers speak truthfully to the investing public, especially in times of financial instability or turmoil. The Commission found that DCG and Moro fell short in that regard,” said Sanjay Wadhwa, Acting Director of the SEC’s Division of Enforcement, in a Friday statement. “Rather than being transparent about Genesis’s financial condition and DCG’s efforts to ensure Genesis’s continued operation, DCG and Moro painted a misleadingly rosy picture.”

The SEC and the Department of Justice reportedly began investigating DCG in 2023. James’ civil case against DCG is ongoing. She is seeking $3 billion in penalties.

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XRP Surges Past $3.2 As Whale Activity Spikes 81%

XRP has enjoyed a rally beyond the $3.2 mark as on-chain data shows the cryptocurrency is among the altcoins witnessing the largest whale activity spikes.

XRP Whale Transaction Count Has Exploded Recently

In a new post on X, the on-chain analytics firm Santiment has shared the list of altcoins that have seen the largest jumps in Whale Transaction Count during the past week. The “Whale Transaction Count” here refers to an indicator that keeps track of the total amount of transfers occurring on a given network that are carrying a value of more than $100,000.

Only the whale entities are usually capable of moving such large amounts with single transactions, so the metric is assumed to reflect the level of activity in which these humongous investors are participating. When the Whale Transaction Count has a high value, it means the whales are making a large number of moves on the blockchain. Such a trend implies these key holders have a notable interest in trading the asset.

On the other hand, the indicator being low suggests that large investors may not be paying much attention to the cryptocurrency as their transactions remain at a low level.

Now, here is the table posted by the analytics firm that shows the ranking of the altcoins (with a market cap greater than $500 million) in terms of the percentage increase in the Whale Transaction Count over the past week:

XRP Whale Transaction Count

As is visible above, there have been seven cryptocurrencies that have witnessed a Whale Transaction Count spike of at least 100% in this period. The altcoin that most stands out on the list, however, is actually in the eighth spot: XRP (XRP).

The asset has witnessed around an 81% increase in whale activity during the last seven days, which, while lesser than the others, is still more impressive simply because of the fact that the coin has a much more massive market cap.

XRP would already have many whales active on the blockchain, so to still register a growth of this degree would imply an extraordinary rise in transactions in pure numbers.

Generally, a high Whale Transaction Count is something that can lead to volatility in an asset’s price. The emerging price action can be in either direction, as the indicator only tracks the number of transfers and contains no information about whether the whales are making the moves for buying or selling purposes.

In XRP’s case, though, it would appear that these transactions have been for buying indeed, as its price has seen an impressive rally of almost 41% inside the window.

Interestingly, the altcoin that has topped the list isn’t one with a variable price, but rather a stablecoin: Dai on the BNB blockchain. “For stablecoins, increased activity is typically a good sign that large levels of funds are being prepared to be swapped for altcoins that are common with that stablecoin’s trading pair,” notes Santiment.

XRP Price

At the time of writing, XRP is trading around $3.2, down 2% over the last 24 hours.

XRP Price Chart

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Bitcoin Snaps Downtrend, Hits $105K as Anticipation Builds for Trump’s Inauguration

Bitcoin (BTC) hit its strongest price in U.S. dollar terms in 2025 on Friday and notched a new record against the British pound as excitement for a new era of crypto-friendly U.S. government mounts ahead of Donald Trump’s inauguration next week.

BTC topped $105,000 during the U.S. session, surging 5.2% over the past 24 hours and leading the broad-market crypto benchmark CoinDesk 20 Index higher. Of the CoinDesk 20 constituents, only NEAR, and Litecoin’s LTC kept pace with bitcoin’s gains, while solana (SOL) and Ethereum’s ether (ETH) lagged with 3% advances. XRP posted a 4% decline, retreating from its record highs after a massive market-leading rally earlier this week.

Crypto-related stocks are also moving higher. MicroStrategy (MSTR), the largest corporate BTC holder, was up 7% during the day, while exchange giant Coinbase (COIN) advanced 4.5%. MARA Holdings led gains among major bitcoin miners, up 13%.

It’s quite the turnaround from earlier in the week, when a broad-market sell-off had bitcoin plunging below $90,0000, with fear mounting of a deeper pullback. BTC since, though, has bounced 17% first as investor anxiety over Wednesday’s U.S. CPI inflation report passed and then as focus turned to speculation about Donald Trump’s potential crypto actions following his inauguration on Jan. 20.

Overcoming last week’s local high of $102,000, BTC also broke out of its multi-week downtrend of lower highs to target its December record price, said Alex Thorn, head of research at Galaxy.

“Now $108,000 is near term target resistance,” he said in an X post. “Lots of reasons to be bullish.”

Strong bitcoin ETF flows

Spot bitcoin ETFs combined saw $1.381 billion net inflows in the past two days, reversing the four-day streak of outflows, per Farside Investors data. Ether spot ETFs attracted $166 million in inflows, their strongest day in more than a month.

With markets closed on Monday, today is the last trading session on traditional markets before Trump’s inauguration.

BlackRock’s Ishares Bitcoin Trust ETF (IBIT) booked almost $1 billion trading volume in little over the first hour of the session, posting the fourth-largest volume among all U.S. ETFs and surpassing Vanguard’s S&P 500 ETF (VOO) with almost ten times of assets under management, per Barchart data.

All eyes on Trump

The most important upcoming catalyst will be Trump’s inauguration ceremony on Monday, and crypto investors expect a sea change from the new president. Trump promised on the campaign trail to position the U.S. as a leader in the crypto space including creating a national stockpile of bitcoin, in stark contrast to past years’ regulatory crackdowns and enforcements.

Bloomberg reported Thursday that Trump plans an executive order to elevate digital assets to a “national priority” and create an advisory council of industry members for policy recommendations.

Odds of the U.S. establishing a bitcoin reserve rose sharply over the past days, with Polymarket traders putting a 38% probability on Trump making it happen during the first 100 days of his presidency.

“As we close out the final week of the Biden presidency, the technical picture remains very constructive for BTC,” John Glover, chief investment officer at crypto lender Ledn, said in an emailed note.

“The only thing that could cause a large corrective move lower is if Trump fails to act on his plans to loosen regulatory policy around digital assets and to start building up BTC treasury holdings,” he added. “Recent headlines indicate that he is serious in making this a priority in his first 100 days,”

Glover’s analysis using wave theory projects bitcoin to hit $128,000 in the coming months following its interim 5 wave pattern, completing its larger wave 3 in its uptrend. According to wave theory, market trends unfold in five waves, three of which represent the primary trend and the others constitute retracements.

Breaking above the record high of $108,000 is key, Glover said, and there remains a slim possibility of revisiting the recent lows at $90,000. This scenario, however, is becoming increasingly unlikely, he added.

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Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days

The price of Dogecoin (DOGE) is now one of the main focuses for potential price increases. Whales are said to have accumulated 200 million units of DOGE in the past 48 hours, which further excited the community.

A Strong Hold Above $0.36

Dogecoin continues to show promise in its recent price action. The token now is trading at approximately $0.414, with an intraday high being $0.418 and the intraday low being $0.369. Importantly, the token has held firm above the $0.36 support level. Such price stability creates a great foundation for the meme coin to tread higher.

In its recent price increases, analysts observe this trend might help Dogecoin target prices of $0.40 over the short period. This also shows the currency’s strength through volatility in market conditions.

Increasing Whale Activity Fuels Optimism

Whales—that is, large holders of a cryptocurrency—are very much behind the recent momentum seen in Dogecoin. Some 200 million DOGE accumulated by the whales is a major confidence indicator for the asset, and such actions often precede a price rally because whales generally know the market in and out.

This whale buying spree is seen as a bullish signal, and many are speculating that it could push Dogecoin’s price even higher. If this trend continues, some believe a rally toward $3 isn’t out of the question.

Technical Indicators Back The Bulls

Technical analysis is also positive in the case of Dogecoin. Key indicators such as trading volumes have surged, which bolsters the optimistic mood. Also, the development of a double-bottom pattern – the classic bullish sign – has furthered the confidence on the growth of the meme token.

Technical indicators such as Chaikin Money Flow and RSI indicate additional upward potential as well, contingent upon DOGE maintaining essential support levels.

These indicators may suggest that Dogecoin may not only maintain its current levels but may break through the key resistance barriers in the near future. Traders and investors are watching these developments closely as they come along.

Can Dogecoin Hit $3?

Although it is bold, a $3 price target is not unachievable. Dogecoin may see large gains if whale accumulation continues and market mood improves. Despite their caution, analysts believe that the current trends are positive for long-term growth.

Dogecoin’s strong technical figures, market tenacity, and recent whale behavior have all combined to create an ideal environment for possible price growth. Regardless of whether it hits $3, Dogecoin is demonstrating that it is more than simply a meme coin.

Featured image from iC7Zi, chart from TradingView