Crypto Price Analysis 4-14: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, CELESTIA: TIA, BITTENSOR: TAO, FILECOIN: FIL

The crypto market has registered a marginal increase as most cryptocurrencies, including Bitcoin (BTC), remained steady over the weekend. The crypto market cap currently sits at $2.69 trillion. BTC held firm above $84,000 over the weekend, briefly climbing above $85,000. However, it has been unable to push above $85,00, although analysts believe it is nearing a breakout confirmation. 

Meanwhile, Ethereum (ETH) witnessed considerable movement as its price bobbled around $1,600, at times sinking below it and at other times moving past it. Ripple (XRP), buoyed after its settlement with the Securities and Exchange Commission (SEC), maintained its position above $2, registering a marginal increase and moving to $2.14. 

Meanwhile, Solana (SOL) registered a substantial increase of over 3% and is currently trading at $133. SOL has been up over 30% in the past seven days, and it has mounted a strong recovery. Dogecoin (DOGE), Cardano (ADA), Litecoin (LTC), and Polkadot (DOT) also registered notable increases. However, Toncoin (TON), Hedera (HBAR), Stellar (XLM), and Chainlink (LINK) traded in the red, going against market trends. 

Ripple (XRP) Settles With SEC

Ripple (XRP) has rallied over the past few months after settling with regulators. XRP has become the top-performing major cryptocurrency over the past 90 days, according to CEO Brad Garlinghouse. The altcoin’s rally coincides with Ripple agreeing to pay regulators $50 million as part of a settlement. The court had given Ripple a partial victory in 2023 against the SEC after the regulator alleged that XRP was sold as an unregistered security. However, the court stated that while institutional sales were legal, the sale of XRP on public exchanges violated securities laws. Ripple CEO Brad Garlinghouse stated, 

“We’re actually taking most of that back, including the interest that had been earned along the way. I think it’s just evidence that the former [Gary] Gensler SEC was on the wrong side of the law. And thanks to the new leadership at the SEC and in the White House.”

Ripple plans to expand its business and recently acquired prime broker Hidden Road in a staggering $1.25 billion deal. Garlinghouse stated that such an audacious acquisition would have made no sense a year ago under a hostile SEC led by former Chair Gary Gensler. 

“This allows even larger institutions like BlackRock, like the biggest Wall Street financial institutions, to come into this market in a way they understand with a safer prime broker to help clear transactions and a bigger balance sheet to do that.”

Malware Silently Siphoning Crypto From Wallets 

Cybersecurity researchers have flagged a malware campaign targeting ETH, XRP, and SOL. The attack targets Exodus and Atomic wallet users through compromised node package manager (NPM) packages. Transactions are redirected to attacker-controlled addresses without the wallet owner’s knowledge. The attackers gain access to the wallet if a developer unknowingly installs a trojan npm package in the project. Once installed, the package scans the system for crypto wallets and installs the malicious code to intercept transactions. Researchers have identified “pdf to office” as a compromised package, appearing legitimate but containing malicious code. The researchers noted, 

“This latest campaign represents an escalation in the ongoing targeting of cryptocurrency users through software supply chain attacks.”

The malware can redirect transactions across multiple cryptocurrencies, including ETH, XRP, SOL, and Tron-based USDT. 

NFT Sales Volume Slumps 

The NFT market has reported a substantial decline in sales volume, falling 4.7% to $94.7 million. According to data from CryptoSlam, the downward trend continues the previous week’s $102 million decline. The decline extends beyond just sales volumes, with NFT buyers dropping almost 78% to 128,244 and NFT sellers falling 75% to 85,792. NFT transactions have also reported a substantial slump, dropping 6.3% to 1,441,009. However, despite the decline, the Ethereum blockchain maintained its dominant position, with $36 million in sales, an increase of 41% from last week. 

Polygon was second with a sales volume of $17.4 million, registering a modest increase of 4.3%. Mythos Chain was third, with a sales volume of $14.1 million, an increase of 2%. However, Solana continued to struggle, with sales registering a sharp decline of 33% and falling to $6.5 million. 

Mantra Token Collapses over 90% 

The price of the Mantra (OM) token, the native token of the Mantra real-world tokenized asset blockchain, has collapsed over 90% in 24 hours. The token price fell from above $6.3 to $0.50, shedding over 90% of its market cap. Some market watchers and analysts called the dramatic collapse a rug pull and urged the Mantra team to address the problem. 

“[The] team needs to address this or OM looks like it could head to zero, biggest rug pull since LUNA/FTX?”

However, the reason for the stunning collapse remains unclear. Mantra’s collapse comes after several high-profile incidents in the crypto ecosystem, including the LIBRA meme coin implosion and the $1.4 billion Bybit hack, attributed to the dreaded North Korean Lazarus Group. Mantra’s team and co-founder responded to the token collapse, adding that the project’s Telegram group was active, and the team’s tokens remained in their custody. 

“MANTRA community - we want to assure you that MANTRA is fundamentally strong. Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: This was not our team. We are looking into it and will share more details about what happened as soon as we can.”

The team stated the OM token collapse was triggered by reckless liquidations and not related to actions taken by the team. 

TRUMP Meme Coin Facing Growing Market Pressure 

Donald Trump’s TRUMP token faces significant market pressure as an upcoming token unlock looms. According to data from the Tokenomist, the Solana-based meme coin project is set to release 40 million TRUMP tokens worth over $320 million to its team. This is the project’s first major unlock and adds roughly 20% of the current circulating supply to the markets. The project will then begin releasing 493,000 TRUMP tokens, worth around $4 million, every day until the next significant token unlock, scheduled for July. The upcoming token unlocks have raised significant concerns about the impact on prices due to the increased supply. 

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC) registered a marginal increase during the ongoing session after spending Sunday in the red, dropping almost 2% to $83,776. The flagship cryptocurrency is trading around $84,457, marginally down over the past 24 hours, but is up nearly 13% over the weekly timeframe. Although BTC registered a significant increase on Friday and Saturday, it has struggled to punch through $85,000, with selling pressure forcing buyers to lose momentum. However, buyers have not ceded much ground to bearish sentiment and have kept the price steady above $80,000. 

Crypto analyst Rekt Capital believes BTC is ready for a technical breakout from its multi-month downtrend. The analysts stated that when the flagship cryptocurrency successfully breaks out of a technical downtrend, it will establish a new uptrend phase. 

“Bitcoin is on the cusp of a breakout Mere hours away from performing the initial but crucial steps towards fully confirming a breakout beyond the multi-month Downtrend And when BTC breaks a technical downtrend it enters a new technical uptrend.”

The prediction comes when BTC is going through a challenging phase, down over 22% from its all-time high. However, despite the significant correction, on-chain data suggests accumulation activity at crucial levels. Data from Glassnode has highlighted a considerable BTC accumulation of around $79,000, with approximately 40,000 BTC purchased in this zone. Markets have also worked through a larger cluster of around $82,000, where roughly 51,000 BTC were accumulated. These accumulations of the asset indicate strong levels of support. BTC has also broken above $83,500, where another 48,500 BTC have been accumulated. Now that the flagship cryptocurrency has broken above this level, markets could see an acceleration in upward momentum. One analyst has noted that BTC has broken out of a falling wedge pattern, with a bullish divergence forming on key indicators. A falling wedge pattern is a bullish reversal formation characterized by converging downward trend lines. 

BTC registered a substantial decline on Wednesday (April 2), slipping below $85,000 and the 20-day SMA to $82,525. The price recovered on Thursday and Friday, registering marginal increases and settling at $83,828. However, it was back in the red over the weekend, registering a marginal decline on Saturday before plunging over 6% on Sunday, slipping below $80,000 and settling at $78,301.BTC registered significant volatility on Monday, dropping to a low of $74,393, surging past $80,000 before settling at $79,164, ultimately registering an increase of 1.10%. However, BTC lost momentum on Tuesday, dropping almost 4% and settling at $76,283.

Source: TradingView

Markets rallied on Wednesday after President Donald Trump announced a 90-day pause in tariffs. As a result, BTC surged over 8%, going past $80,000 and settling at $82,593. The rally lost momentum on Thursday as the price dropped 3.63%, slipping below $80,000 and settling at $79,592. Bullish sentiment returned to the market on Friday as BTC rallied almost 5% to reclaim $80,000, move past the 20-day SMA, and settle at $83,370. Buyers retained control on Saturday as the price registered an increase of 2.41% to move past the 50-day SMA and settle at $85,379. However, selling pressure returned on Sunday as the price dropped almost 2%, slipping below $85,000 and the 50-day SMA and settling at $83,776. The current session sees BTC up over 1%, trading above the 50-day SMA at $84,700 as buyers look to build momentum and push the price above $85,000. If BTC can cross and consolidate above this level, it could rally to $90,000. The MACD shows growing bullish sentiment, indicating buyers have the upper hand.

Ethereum (ETH) Price Analysis

Ethereum (ETH) steadied itself over the weekend, maintaining its position above $1,500. The world’s second-largest cryptocurrency has steadied itself, bouncing off the daily support level. However, it faces resistance at around $1,700 and is trading around $1,640. Analysts believe if ETH can close above $1,700, it could extend its rally to test the next resistance level, which sits around $1,850-$1,900. A break above this level could set ETH up for a move towards reclaiming $2,000.

ETH was trading in the red towards the end of the first week of April, registering a marginal decline on Friday and Saturday and settling at $1,805 as it struggled to stay above $1,800. Bearish sentiment intensified on Sunday as markets tanked. As a result, ETH plunged over 12%, slipping below $1,800 and settling at $1,580. Selling pressure intensified on Monday as ETH plunged to a low of 1,412. However, it recovered from this level to reclaim $1,500 and settle at $1,552, ultimately registering a decline of almost 2%. Sellers retained control on Tuesday as the price fell over 5%, slipping below $1,500 and settling at $1,472. However, markets rallied Wednesday after President Trump announced a 90-day tariff pause. As a result, ETH surged over 13% to reclaim $1,600 and settle at $1,668.

Source: TradingView

The rally lost momentum on Thursday, dropping almost 9% and settling at $1,521. Despite selling pressure, ETH remained above $1,500 and registered an increase of nearly 3% on Friday to settle at $1,556. Buyers retained control on Saturday as the price registered an increase of almost 5% and settled at $1,644. However, ETH lost momentum on Sunday, dropping nearly 3% and slipping below $1,600 to $1,596. The current session sees ETH up almost 3% as buyers look to push above $1,700. A break above this level could drive ETH past the 20-day SMA towards $1,850. The MACD suggests a bullish bias, indicating buyers are gaining the upper hand.

Solana (SOL) Price Analysis

Solana (SOL) has made a strong recovery after slipping below $100 and falling to a low of $95 at the beginning of the previous week. SOL had registered a significant drop of over 12% a day prior as it fell to $105 on Sunday. Bearish sentiment and volatility registered a notable uptick on Monday as SOL plunged below $100 and fell to a low of $95. However, it rebounded from this level to reclaim $100 and settle at $106, ultimately registering an increase of 1.08%. The price lost momentum on Tuesday, falling 1.56% to $105. Markets rallied on Wednesday as Trump announced a 90-day tariff pause. As a result, SOL rallied almost 13% and settled at $118.

Source: TradingView

SOL’s rally lost momentum on Thursday as it dropped over 5%, dropping to a low of $108 before settling at $112. However, sentiment changed on Friday as SOL registered an increase of 7.66% to move past $120 and settle at $121. Bullish sentiment intensified on Saturday as SOL surged past the 20-day SMA and $130, rising 9% and settling at $132. SOL lost momentum on Sunday thanks to the 50-day SMA acting as a dynamic resistance level. As a result, the price dropped 3%, slipping below $130 and settling at $128. The current session sees SOL up almost 4%, having moved past the 50-day SMA and $130 and trading at $134.

Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) was trading in the red the previous weekend, dropping 1.58% on Saturday and almost 12% on Sunday, slipping below $0.150 and settling at $0.148. Bearish sentiment intensified on Monday as DOGE plunged to a day low of $0.129 before rebounding to settle at $0.149, ultimately registering a marginal increase. DOGE was back in the red on Tuesday, falling over 5% to $0.141. Markets rallied on Wednesday thanks to the tariff pause. As a result, DOGE surged nearly 13% and settled at $0.160.

Source: TradingView

However, the rally lost momentum on Thursday, and DOGE was back in the red, dropping 4.62% and settling at $0.152. Buyers returned to the market on Friday as DOGE registered an increase of 4.45% and settled at $0.159. DOGE remained in positive territory on Saturday, with the price rising almost 5% and settling at $0.167. DOGE lost momentum on Sunday thanks to the 20-day SMA, which acted as a dynamic resistance level. As a result, the price fell 2.87% to $0.162. The current session sees DOGE marginally up as buyers and sellers struggle to establish control. Buyers will look to build momentum and push DOGE beyond the 20-day SMA.

Celestia (TIA) Price Analysis

Celestia (TIA) has stabilized above $2.20 and is looking to make a decisive move past $2.60. TIA registered a significant drop the previous weekend, dropping 1.14% on Saturday and 12.75% on Sunday, slipping below $2.50 and settling at $2.34. Bearish sentiment intensified on Monday as TIA plunged to an intraday low of $2.14. The price rebounded from this level to register an increase of almost 6% and settle at $2.48. TIA lost momentum on Tuesday, dropping over 6% to $2.33, but recovered on Wednesday, registering an increase of almost 10% to reclaim $2.50 and settle at $2.55.

Source: TradingView

TIA was back in the red on Thursday, dropping almost 4%, slipping below $2.50 and settling at $2.45. Buyers returned to the market on Friday as the price registered an increase of over 3% and settled at $2.52. TIA continued to push higher on Saturday, registering a rise of 4.58% and settling at $2.64. However, the price lost momentum on Sunday, plunging over 8% to go below $2.50 and settle at $2.41. The current session sees TIA up over 2%, trading at $2.47 and looking to reclaim $2.50.

Bittensor (TAO) Price Analysis

Bittensor (TAO) registered a substantial decline on Sunday, dropping below $200 after falling almost 17% and settling at 183. However, the price rebounded on Monday, registering an increase of 11.39% to reclaim $200 and settle at $204. TAO lost momentum on Tuesday as the price fell almost 5% to $194. Markets rallied on Monday after President Trump announced a 90-day pause on tariffs. As a result, TAO rallied over 18%, surging past $200 and settling at $230. Momentum waned on Thursday thanks to selling pressure around the 20-day SMA. As a result, TAO could only register a marginal increase and move to $231.

Source: TradingView

Momentum returned on Friday as TAO surged past the 20-day SMA, rising over 8% and settling at $250. Buyers retained control on Saturday as the price registered an increase of 1.70% and settled at $254. However, TAO lost momentum on Sunday, falling almost 6%, slipping below $250 and settling at $240. The current session sees TAO marginally up and trading at $242.

Filecoin (FIL) Price Analysis

Filecoin (FIL) traded in the red last weekend, dropping 2.48% on Saturday and then plunging almost 12% on Sunday, slipping below $2.50 and settling at $2.37. FIL encountered substantial selling pressure and volatility on Monday as it fell to a low of $2.11. However, it rebounded from this level to settle at $2.36, ultimately registering only a marginal decline. Bearish sentiment intensified on Tuesday as the price fell almost 5% to $2.25. However, markets rallied on Wednesday, and FIL surged over 9% and settled at $2.46.

Source: TradingView

FIL’s rally lost momentum on Thursday as the price dropped almost 5% to $2.34. Sentiment changed on Friday as FIL registered an increase of 4.43% and settled at $2.45. Buyers retained control on Saturday as the price rose almost 5% to reclaim $2.50 and settle at $2.56. However, FIL lost momentum on Sunday as the price fell 2.84%, slipping below $2.50 and settling at $2.49. The current session sees FIL up over 1%, having reclaimed $2.50 and trading around $2.52.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.