• DOGE tests key support as technical setups suggest imminent breakouts.
• A closing above $15 might propel INJ prices to $30.
• ETH targets $4,000 psychological mark amid increasing institutional interest.

Cryptocurrencies flashed bearish tendencies in the past 24 hours.

With most tokens approaching critical price levels, analysts have shifted attention to digital assets ready for significant rallies amid reversals.

This article checks how Ethereum is setting the tone for an altcoin season as Dogecoin and Injective display key short-term price actions.

Dogecoin resilience after double-bottom breakout

The original meme token remained on investor radar after landing key utility on Gemini’s derivatives market.

The bullish news emerges as DOGE tested the vital resistance around $0.2300 after plunging from last week’s high of $0.27.

While losing this foothold could mean massive declines for the token, analyst Jireon observed an optimistic development on the price charts.

The highlighted chart shows Dogecoin had breached a long-standing trendline that limited its upside action.

$DOGE is preparing for something SPECIAL!

Double bottom and breakout… Watching the retest and then BOOM

BIG MONEY TO BE MADE#Dogecoin #DOGE pic.twitter.com/kUsPswhNLi

— Jireon (@jireon0x) July 28, 2025

A double test of the foothold before a significant bounce validated the double-bottom formation, which often precedes bullish reversals.

Notably, the pattern’s neckline at $0.231 had restricted DOGE’s movements during the consolidation period.

Nevertheless, the coin successfully broke above $0.231 on 25 July, with a massive trading volume of over $4 billion confirming the breakout.

Now, Dogecoin retests the support barrier after the latest pullback.

A rebound from this foothold could trigger considerable rallies towards the obstacle at $0.310.

That would mean a 35% increase from DOGE’s current price.

It might extend past $0.33 towards mid-January highs of $0.41.

However, a closing below $0.2300 will invalidate the optimistic outlook and catalyze notable dips.

Injective at a key juncture

INJ breached the resistance at $15 yesterday amid reinvigorated optimism, fueled by ETF filings, tokenization, and EVM integration.

Cboe has filed for the first-ever Injective staking ETF in the United States, indicating renewed institutional appetite.

While it retraced to trade at $14.87, analyst Ali Martinez highlighted $15 as a crucial breakout point.

Injective $INJ targets $25 after breaking out of an ascending triangle! pic.twitter.com/neIt6D2XW8

— Ali (@ali_charts) July 28, 2025

The price chart shows INJ breaching a climbing triangle from $15.

The next crucial price levels are $18.95, $21.25, and $25, according to FIB extension levels.

Meanwhile, the altcoin requires significant trading volumes to confirm the breakout and push higher.

Failure to hold $15 would delay the projected reversal and lead to consolidations or price dips.

Ethereum sets sights on $4K after latest rebound

ETH has been the hottest digital token in the past few sessions as trends signal a materializing altcoin season.

Institutions are now dumping Bitcoin for ETH as demand for Ether-based exchange-traded funds soars.

The second-largest crypto hovers at $3,810 after touching YTD peaks above $3,940 on Monday.

Meanwhile, Ethereum retested and secured support at $3,500 last week on Thursday before closing above $3,730 on July 27 and extending to yesterday’s yearly high.

Further push would see Ethereum extend toward the $4,000 psychological zone.

Analysts trust that a candlestick closing beyond this resistance could welcome a full-blown altseason.

@ColinTCrypto expects Ethereum to explore $15,000 – $20,000 this bull cycle.

$ETH Bull Run – Top Price Target:

$15,000 – $20,000

That would be roughly a 3x-4x from ETH’s previous ATH of $4,800. That would perfectly touch that upper trend line.

BTC will likely make between 2x-3x from its previous ATH of $69,000.

Ethereum will outpace… pic.twitter.com/4dLQWOlk0m

— Colin Talks Crypto (@ColinTCrypto) July 18, 2025

However, enthusiasts should beware of imminent volatility as the markets anticipate multiple announcements.

Tuesday’s US employment statistics, Fed rate decision, and a possible Crypto Report from the White House on Wednesday would likely shake the cryptocurrency space.

Moreover, Trump’s tariff deadline is on Friday.

These macroeconomic developments could trigger significant fluctuations in the digital assets market in the near term.

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The sell-off in the cryptocurrency market has stalled, with the President’s Day holiday bringing some respite. The reversal comes amid calls of a crypto winter, an extended lean patch just like the 2018 crypto bear market.

Bitcoin Limps Back Up: Bitcoin (CRYPTO: BTC), which on Monday morning pulled back to its lowest price since early February, is now reversing course. The apex crypto fell below the psychological support level of $40,000 on Sunday and closed the session at $38,431.38. It saw further weakness early in Monday’s session before cutting the losses and moving into positive territory.

The stock and bond markets in the U.S. are closed in observance of the Presidents’ Day holiday on Monday. Equity and commodity futures market will be open for abbreviated sessions. Since cryptocurrencies do not fall under any regulatory purview, the market trades 24-7, including on holidays.

Crypto trading during the weekends and holidays faces the threat of unusual volatility, characterized by wild price swings. Low volume and margin trading are some of the factors behind the huge moves. Crypto investors usually trade on margin, or in other words, money lent by the exchanges.

When the prices of the crypto holdings fall below a particular level, margin calls are triggered. With banks closed on holidays, investors may find it difficult to meet margin calls, forcing the exchanges to sell some crypto holdings.

After the weakness in the past few sessions, Ethereum (CRYPTO: ETH) is seeing a nice recovery.

Among other major altcoins, Binance Coin (CRYPTO: BNB) Cardano (CRYPTO: ADA) and Solana (CRYPTO: SOL) have all turned around.

In the meme coin space, Dogecoin (CRYPTO: DOGE) was up over 1% and Shiba Inu (CRYPTO: SHIB) was seen outperforming, with a gain of over 6%.

Stable coins, which are backed by the U.S. dollar, are holding steady to trading higher. Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC) are seen flatlining or trading marginally higher. Terra (CRYPTO: LUNA) is gaining close to 8%.

Related Link: This Big US Investment Bank Is Doubling Down On Its Bitcoin Exposure

Expert View On The Sell-Off: The crypto market swoon seen since early November has left many wondering when things will start to look up. The prospect of Fed tightening and the Russia-Ukrainian standoff have been weighing down on the space in the near term.

Ethereum founder Vitalik Buterin sees another crypto winter as a welcome development, as it will lead to an industry shakeup. The crypto billionaire said in an interview with Bloomberg that the sell-off will ward off those projects indulging in market manipulation, and provide incentive for crypto projects focused on improving technology.

Recovery May Be Years Away: At least for Bitcoin, a reversal is not expected until late 2024 or the beginning of 2025, that’s according to Du Jun, co-founder of cryptocurrency exchange Huobi. Jun told CNBC that the Bitcoin bull markets correlate with the halving, which occurs once in every four years. The previous halving occurred in May 2020.

Bitcoin halving is the process of halving the rewards due to miners after each set of 210,000 blocks is mined. This is meant to check any exponential increase of bitcoin in circulation, thereby keeping prices in check.

At last check, Bitcoin was seen trading up 0.87% at $38,564.01.
Ethereum was adding 3.30% to $2,711.75.
Doge was rising 1.17% to $0.138100.
Shiba Inu was rallying 6.07% to $0.000027.

Related Link: Bitcoin Reigns Supreme, Still Accounts For 46% of the Total Value of Crypto Markets: Survey

Photo: Courtesy of Jorge Franganillo on Flickr

The crypto price chart finally showed some recovery on Wednesday, February 2, after days of being riddled with losses. Bitcoin, with a minor value rise of 0.18 percent, opened trading at $41,297 (roughly Rs. 30.85 lakh) on Indian exchange CoinSwitch Kuber. While Bitcoin’s situation looks like it is improving in India, its position still looks shaky on international exchanges. On Binance and CoinMarketCap for instance, Bitcoin prices fell by 0.29 percent and 0.11 percent, respectively. The most valued cryptocurrency is trading at around $38,396 (roughly Rs. 28.7 lakh)

Ether followed Bitcoin to climb up the price ladder after a streak of losses. The altcoin is trading at $2,976 (roughly Rs. 2.2 lakh) with a hike of 1.66 percent as per Gadgets 360’s crypto price tracker.

A day after India imposed a 30 percent tax on incomes generated from the transactions in “virtual digital assets,” the price charts bounced back to reflect greens. As per industry insiders, this taxation has indirectly legitamised the crypto sector in the Indian market.

Tether, Binance Coin, USD Coin, and Cardano also made it to the gainers risk along with Solana and Ripple.

Interestingly, meme-based Dogecoin managed to see some spike after strolling through the year so far, struggling with losses. Presently, DOGE is trading at $0.15 (roughly Rs. 11.5) with a hike of 0.18 percent.

For Dogecoin-rival Shiba Inu however, things have not changed in terms of its price status. The meme-coin is trading for $0.000023 (roughly Rs. 0.001735) with a dip of 0.46 percent.

Terra, Polygon, Chainlink, and Uniswap among a few other altcoins registered minor losses.

In totality, the crypto market showed a notable improvement after weeks of laying low this year.

Meanwhile, India has revealed its plans of rolling out a blockchain-backed digital Rupee, the exact name of which will be declared later.

Despite India levying a 30 percent tax on crypto asset transactions, Thailand is reportedly planning to roll back the 15 percent tax it imposed on crypto profits after heavy opposition especially from the country’s youth.

As of now, the market cap of the crypto market is $1.770 trillion (roughly Rs. 1,32,48,250 crore) as per CoinMarketCap.

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