PENGU price has exploded out of a multi-week consolidation phase, jumping 38% in the past 24 hours amid rising volume, eyeing $0.015 next. Pudgy Penguins (PENGU) just surged 40% in the past 24 hours, breaking out of multi-week accumulation phase…

PENGU price breaks out with 40% surge, eyes $0.015 ahead of potential ETF approval

Bitcoin has reclaimed the $90,000 mark, fueling renewed optimism across the 
crypto market. With sentiment shifting and bullish calls returning, many 
investors are once again eyeing a move toward six figures. However, not 
everything is as it seems beneath the surface. Despite the impressive price 
surge, risks remain, particularly as global tensions between the United States 
and China escalate. The ongoing trade war and geopolitical friction are 
injecting volatility into markets, creating a fragile backdrop for risk assets 
like Bitcoin. Related Reading: Ethereum Forms ‘A Huge Inverse Head &amp; 
Shoulders’ – $20K Target In Sight? Top analyst Maartunn shared a stark view of 
the current state of the Bitcoin network, revealing on-chain metrics that 
paint a different picture. According to his analysis, the latest move higher 
is primarily driven by leverage and derivatives rather than strong organic 
demand. He noted that the Bitcoin network is, in his words, “a ghost town,” 
with very little new activity or visible inflows from real users. This 
disconnect between price and on-chain fundamentals suggests that the current 
rally may lack sustainability. As such, investors should approach the next 
phase of Bitcoin’s price action with caution, especially if macroeconomic 
conditions worsen or derivative positions begin to unwind. Bitcoin Faces 
Resistance: On-Chain Activity Lags Behind Bitcoin is now facing critical 
resistance as bulls attempt to reclaim the $95,000 level, a zone that could 
define short-term momentum. The recent breakout above the $88,600 resistance 
marked a key shift in market sentiment, with bulls taking control and pushing 
price action into a new range. However, to maintain this momentum, sustained 
demand will be essential. Analysts warn that a healthy retracement may occur 
before the next leg up, especially considering current market conditions. 
Volatility and uncertainty continue to dominate the landscape, with fear still 
lingering despite the recent rally. Much of this caution stems from ongoing 
global tensions and the unstable macro environment that has unfolded since US 
President Donald Trump’s re-election in November 2024. With tariffs rising and 
trade negotiations with China growing increasingly tense, investors remain 
hesitant to commit fully to risk assets. Top analyst Maartunn shared a 
sobering on-chain analysis on X, highlighting a disconnect between Bitcoin’s 
price action and network activity. According to his findings, the recent surge 
is largely driven by ETF flows and rising open interest in the derivatives 
market—factors that often precede a reversal rather than a sustainable rally. 
Maartunn describes the current state of the Bitcoin network as a “ghost-town,” 
noting a lack of new visible on-chain demand. This divergence between price 
and network fundamentals raises questions about the sustainability of the 
current move. For Bitcoin to push convincingly past $95K and set up a run 
toward $100K, stronger spot demand and an uptick in real user activity will 
likely be necessary. Until then, traders should remain cautious and watch key 
support levels closely. Related Reading: Bitcoin Reclaims Key Levels – New 
ATHs May Be Closer Than Expected Price Action Details: $95K In Sight Bitcoin 
is trading at $93,600 after several days of bullish price action that saw it 
reclaim key resistance levels. The price has now entered a consolidation phase 
around the $93K level, as bulls prepare for a potential breakout toward $95K. 
A sustained move above that mark would open the door for a push toward the 
highly anticipated $100K milestone, signaling renewed strength across the 
crypto market. However, the path forward remains uncertain. While short-term 
sentiment appears optimistic, Bitcoin must hold above the $90K support level 
to maintain bullish structure. A failure to do so could trigger a drop back 
toward the 200-day moving average near $88K—a level that has served as a key 
pivot for market structure over the past months. Related Reading: HBAR Breaks 
Above Massive Falling Wedge – Expert Sets $0.38 Target This zone is being 
closely watched by both traders and long-term holders, as a breakdown below 
$90K would likely undermine the current recovery momentum. As consolidation 
continues, the next few sessions will be critical in determining whether BTC 
has enough strength to break higher or if a short-term correction is in store. 
For now, all eyes are on $95K as the next hurdle in Bitcoin’s push to reclaim 
market dominance. Featured image from Dall-E, chart from TradingView

Bitcoin Rally Lacks On-Chain Support – Analyst Warns Of Vanishing Network Activity

The Federal Reserve removed outdated crypto banking restrictions, paving the 
way for innovation, broader access, and mainstream digital asset adoption. 
Crypto Banking Unleashed: Fed Joins Regulators in Crushing Old Guard 
Restrictions The Federal Reserve Board announced Thursday that it has 
withdrawn previous supervisory guidance related to banks&#8217; crypto-asset and 
dollar token activities, a move intended […]

Federal Reserve Dismantles Crypto Barriers—Scraps Biden-Era Restrictions

The SEC’s new chair is driving a bold shift toward crypto innovation, 
promising long-overdue regulatory clarity to unlock blockchain transformation. 
SEC Chair Charts Aggressive New Course for Crypto Regulation at Third Task 
Force Roundtable U.S. Securities and Exchange Commission (SEC) Chair Paul 
Atkins delivered his first speech as chair of the agency after being sworn […]

New SEC Chair Races to Overhaul Outdated Crypto Rules

**Key points:**
 * Bitcoin price pushed above $95,000, increasing the chance of a rally to $100,000.
 * Institutional investor demand is back, suggesting that the bearish trend could be over.
 * Select altcoins could break above their respective overhead resistance levels if Bitcoin remains strong
Bitcoin (BTC) bulls are trying to sustain the price above $95,000, but they 
are likely to face significant resistance from the bears. Will buyers succeed 
in pushing the price toward the psychologically important level of $100,000, 
or is a pullback around the corner? That is the big question on the traders&#8217; 
minds.
A positive sign is that inflows for US spot Bitcoin exchange-traded funds have 
increased since April 21, per Farside Investors data. Coinbase Institutional 
head of strategy John D&#8217;Agostino said in a recent interview with CNBC that 
several institutions purchased Bitcoin in April to hedge against currency 
inflation and macro uncertainty as Bitcoin mirrors &#8220;the characteristics of 
gold.
_Crypto market data daily view. Source:__Coin360_
However, some analysts doubt the sustainability of the current Bitcoin rally. 
One of the red flags is that the sentiment, as measured by the Crypto Fear &amp; 
Greed Index, slipped from a score of 72 out of 100 on April 23 to 60 on April 
25, though Bitcoin is trading close to $95,000. Select analysts expect Bitcoin 
to pullback toward $87,000.
Could Bitcoin sustain above $95,000, triggering buying in altcoins? Let&#8217;s 
analyze the charts of the top 10 cryptocurrencies to find out.
## Bitcoin price prediction
Bitcoin has been trading near the $95,000 level, suggesting that the bulls are 
holding on to their positions as they anticipate a move higher.
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day exponential moving average ($87,437) is sloping up, and the 
relative strength index (RSI) is near the overbought zone, signaling that the 
bulls are in command. A close above $95,000 could drive the BTC/USDT pair to 
$100,000.
Sellers will try to halt the up move at $100,000, but if the bulls do not 
allow the price to dip below $95,000, the prospects of a break above the 
overhead resistance increase. The pair may then climb to $107,000. The bears 
will have to yank the price below the moving averages to regain control.
## Ether price prediction
Ether&#8217;s (ETH) relief rally is facing resistance at the 50-day SMA ($1,812), 
but a positive sign is that the bulls have not allowed the price to dip below 
the 20-day EMA ($1,696).
_ETH/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day EMA is flattish, but the RSI has jumped into the positive zone, 
signaling a slight advantage to the bulls. If the 50-day SMA is scaled, the 
ETH/USDT pair could reach the breakdown level of $2,111. The bears may pose a 
strong challenge at $2,111, but if the bulls overcome it, the pair could 
skyrocket to $2,550.
Sellers are likely to have other plans. They will try to pull the price below 
the 20-day EMA. If they can pull it off, the pair could tumble toward $1,537.
## XRP price prediction
XRP (XRP) has been trading near the 50-day SMA ($2.18) for the past two days, 
indicating that the bears are fiercely defending the level.
_XRP/USDT daily chart. Source: Cointelegraph/TradingView_
A minor positive for the bulls is that they have not allowed the price to skid 
below the 20-day EMA ($2.13). The bulls will again try to propel the XRP/USDT 
pair to the resistance line, which is a critical level to watch out for. The 
pair could rally to $3 if buyers pierce the resistance line.
On the downside, a break and close below the 20-day EMA suggests that the 
bears remain in charge. The downside momentum could pick up on a break below 
$2. The pair may then plummet to $1.60.
## BNB price prediction
BNB (BNB) turned down from $620 but is taking support at the moving averages. 
This suggests a change in sentiment from selling on rallies to buying on dips.
_BNB/USDT daily chart. Source: Cointelegraph/TradingView_
Buyers will try to push the price above $620. If they manage to do that, the 
BNB/USDT pair may rally to $644. Sellers will try to stall the up move at the 
$644 level, but if the bulls prevail, the pair could soar to $680.
This bullish view will be invalidated in the near term if the price turns down 
and breaks below the moving averages. That could sink the pair to $566, 
indicating that the markets have rejected the breakout above the downtrend 
line.
## Solana price prediction
Solana (SOL) is struggling to stay above the $153 level, indicating that the 
bears are active at higher levels.
_SOL/USDT daily chart. Source: Cointelegraph/TradingView_
The upsloping 20-day EMA ($136) and the RSI in the positive zone indicate that 
the bulls are in control. If buyers push and maintain the price above $153, 
the SOL/USDT pair could jump to $180.
The moving averages are the crucial support on the downside. A break and close 
below the 50-day SMA ($129) suggests that the pair could consolidate between 
$153 and $110 for a few days.
## Dogecoin price prediction
Dogecoin (DOGE) bounced off the 20-day EMA ($0.16) on April 24, indicating 
that the bulls are buying on dips.
_DOGE/USDT daily chart. Source: Cointelegraph/TradingView_
The DOGE/USDT pair could reach $0.21, which is a crucial resistance to watch 
out for. If buyers pierce the $0.21 level, the pair will complete a double- 
bottom pattern. This bullish setup has a target objective of $0.28.
Contrarily, if the price turns down and breaks below the moving averages, the 
pair may remain range-bound between $0.21 and $0.14 for a while. The advantage 
will tilt in favor of the bears on a break below the $0.14 support.
## Cardano price prediction
Cardano (ADA) closed above the 50-day SMA ($0.68) on April 23, signaling that 
the bears are losing their grip.
_ADA/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day EMA ($0.65) has started to turn up, and the RSI is in the positive 
zone, suggesting that the path of least resistance is to the upside. The 
ADA/USDT pair could rally to $0.83, where the bears may step in.
Any pullback is expected to find support at the 20-day EMA. If the price 
rebounds off the 20-day EMA, it signals a bullish sentiment. Sellers will have 
to drag the price below the 20-day EMA to sink the pair to $0.58.
_**Related:**__**SUI&#8217;s 73% weekly price gains top crypto market &#8212; New price 
record in reach?**_
## Sui price prediction
Sui (SUI) picked up momentum after buyers pushed the price above the moving 
averages on April 22.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
The rally of the past few days has pushed the RSI into the overbought 
territory, suggesting a minor consolidation or correction in the next few 
days. Any pullback is expected to find support in the zone between the 38.2% 
Fibonacci retracement level of $3.14 and the 50% retracement of $2.94.
A shallow pullback increases the possibility of a rally to $4.25 and then to 
$5. Sellers will be back in the driver&#8217;s seat if they pull the SUI/USDT pair 
below $2.86.
## Chainlink price prediction
Chainlink (LINK) has started a recovery, which is expected to face strong 
selling at the overhead resistance of $16.
_LINK/USDT daily chart. Source: Cointelegraph/TradingView_
If the price turns down from $16, it is expected to find support at the 20-day 
EMA ($13.53). A solid bounce off the 20-day EMA increases the likelihood of a 
break above $16. The LINK/USDT pair may then climb to the resistance line of 
the descending channel pattern. A break above the channel signals a potential 
trend change.
Sellers will have to tug the price below the moving averages to regain 
control. The pair may then drop to $11.89 and eventually to the support line.
## Avalanche price prediction
Avalanche (AVAX) is facing resistance at the overhead resistance of $23.50, 
but a positive sign is that the bulls have not ceded much ground to the bears.
_AVAX/USDT daily chart. Source: Cointelegraph/TradingView_
The 20-day EMA ($20.22) has started to turn up, and the RSI is in the positive 
territory, indicating that buyers have the edge. If the price breaks and 
closes above $23.50, the AVAX/USDT pair will complete a double-bottom pattern. 
That could open the doors for a rally to the pattern target of $31.73.
Alternatively, if the price turns down and breaks below the moving averages, 
the pair could remain stuck inside the $23.50 to $15.27 range for a few days.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Price predictions 4/25: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

XRP is gearing up for a surge to $120, according to popular crypto analyst 
EGRAG CRYPTO. Taking to social media platform X, the analyst shared a fresh 
chart detailing a bullish outlook for XRP, suggesting that the cryptocurrency 
is retracing a path similar to its explosive 2017 rally. This time, however, 
the trajectory could be even more dramatic, as the chart accompanying his post 
outlines a long-term Elliott Wave formation that points first to $27 and 
eventually to a staggering $120 price tag. Echoes of 2017: XRP Retracing Cycle 
That Took Price To All-Time High The 2017 bull cycle is one of the most iconic 
periods in XRP’s history. It was during this phase that the price of XRP 
rallied from under $0.01 to an all-time high of $3.84, driven by a broader 
crypto market bubble, exchange listings, and speculation surrounding Ripple’s 
adoption among financial institutions. Related Reading: XRP Outflows Cross 
$300 Million In April, Why The Price Could Crash Further The rally followed a 
classic Elliott Wave impulse structure, with five distinct waves characterized 
by short consolidations before each major leg upward. By early 2018, the 
bubble had popped, and XRP, like the rest of the crypto market, entered into a 
prolonged bear phase. EGRAG CRYPTO’s post implies that XRP is now following a 
similar pattern to the one in 2017. Particularly, the analyst noted that XRP 
is currently in the process of forming its second wave, which is a retracement 
of the bullish impulse Wave 1. This impulse Wave 1 is characterized by XRP&#8217;s 
surge to $3.4 between Q4 2024 and January 2025. Wave 2, on the other hand, is 
characterized by the price correction since January, which has sent the XRP 
price back to trading around $2. Now, the next step is for wave 3 to begin 
formation. Based on traditional Elliott Wave ratios, this wave tends to extend 
aggressively, often measuring 161.8% of Wave 1. According to EGRAG, XRP&#8217;s 
price is expected to end Wave 3 above double digits sometime in summer 2025. 
It is at this point that the analyst predicted a top out around $27, nearly 
ten times its current trading price. Following that, his outlook anticipates a 
lengthy Wave 4 correction lasting several years, setting the stage for a final 
Wave 5 extension that could see XRP break into triple digits. The $120 Long- 
Term Target In his projection, the $27 level will mark the completion of Wave 
3, followed by a Wave 4 correction that could potentially span three years. 
This correction would be brutal and cause the XRP price to reach a bottom 
around $5.50. Related Reading: XRP Price In April: The Lows, The Highs, And 
Final Blast-Off After this consolidation phase, the ensuing Wave 5 formation 
will catapult XRP to new highs again and go on the same measured move as Wave 
1 or 61.8% of Wave 1 + Wave 3. If this plays out as EGRAG expects, XRP would 
break into triple-digit territory and ultimately peak around $120. At the time 
of writing, XRP is trading at $2.19, up by 2% in the past 24 hours. Reaching 
the $27 and $120 price targets would translate to 1,132% and 5,380% increases, 
respectively, from the current price. Featured image from Adobe Stock, chart 
from Tradingview.com