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The cryptocurrency market is currently portraying a mellow stance, with Bitcoin hovering between $95K and $97K levels. As Bitcoin aims to break above the $100K mark again, the altcoin market is also in the queue, waiting for their perfect breakthrough to happen any time soon. Will Shiba Inu (SHIB) and Dogecoin (DOGE) get past their critical price points to hit new all-time highs by the end of this month? Let’s find out. Also Read: De-Dollarization: 5 ASEAN Nations On Verge Of Dumping The US Dollar Shiba Inu Price Prediction for February End Source: Watcher Guru The Shiba Inu Ecosystem is currently under a revamp mode. The token is yet to encounter a stable price spot and is currently sitting at $0.00001670, up 7% in the last 24 hours. The token is undergoing central changes within its ecosystem, which includes a change in administrative duties with Kusama now heading the role of a global ambassador for SHIB. That being said, the token is also a magnifying effort to establish globa...

The Solana price is down more than 6% on the weekly time frame following a 1% 24-hour drop to trade at $200.96 as of 10:43 p.m. EST as investors decrease their exposure to the altcoin. Despite the drop in the SOL price over the last 7 days, the crypto’s positive monthly performance remains intact. The altcoin is over 7% in the green on the longer-term time frame. Solana Price Trying To Escape A Negative Channel Daily chart for SOL/USD (Source: GeckoTerminal) The Solana price is attempting to break out above a medium-term descending channel that has formed on its charts in the last couple of weeks, GeckoTerminal data shows. Should the crypto rise above the upper boundary of this negative range, it might try to flip the resistance at $223.34 before potentially soaring to the resistance at $260.22. However, failure to escape above the negative channel within the next 8 hours could invalidate the bullish thesis. In this more bearish scenario, the Solana price might continue to...

The Bitcoin price recorded a minor loss in the last 24 hours to trade at $104,311.27 as of 10:03 p.m. EST as some investors decrease their exposure to the crypto. This slight drop in the BTC price comes after European Central Bank President Christine Lagarde suggested that the Czech National Bank was unlikely to approve adopting a reserve based on the largest crypto by market cap.  Speaking to the press on Jan. 30, Lagarde said the European Council has the view that a reserve for the bank needs to be “liquid, secure and safe.”  Bitcoin Price Hits Resistance 4-hour chart for BTC/USDT (Source: TradingView) An ascending triangle pattern that formed on BTC’s 4-hour chart was validated in the last 48 hours, resulting in a break above the $102,964.28 resistance level. The Bitcoin price is now attempting to breach the subsequent barrier at $105,887.52. Should the leading crypto close a 4-hour candle above this threshold within the next 12 hours, it might ri...

The Covalent X Token price surged more than 10% in the last 24 hours to trade at $0.06933 as of 7:26 a.m. EST . This recent spike in the CXT price has added to the altcoin’s positive weekly streak. As a result, the crypto is in the green by more than 27% over the last 7 days.  The Covalent X Token Price Forms An Ascending Channel 4-hour chart for CXT/USD (Source: GeckoTerminal) The Covalent X Token price printed multiple higher highs and higher lows on the 4-hour chart over the past few days, resulting in the formation of an ascending price channel. This positive momentum has led to the crypto overcoming the major resistance level at $0.06793. CXT is now attempting to break above the next technical barrier at $0.07391. Should the Covalent X Token price close a 4-hour candle above $0.07391 within the next 24 hours, the crypto could have the room needed to flip the $0.07989 resistance level into support. However, a rejection from the $0.07391 mark might invalidate the bu...

The Floki price dropped 8% in the last 24 hours to trade at $0.0001180 as of 00:43 a.m. EST, on trading volume that rose 28% to $188 million. This comes as Floki continues to register a negative in the last month, having tumbled 16%. The meme coin space has also dropped 5% to a $40 billion market capitalization. Floki Price Could Break Out After dropping at the beginning of August to the $0.000102 support, the Floki price bulls were able to stage a trend reversal, pushing FLOKI to the $0.0001294 resistance, according to data from GeckoTerminal . FLOKI has now been trading below this resistance but above the $0.0001156 support zone, in a sideways pattern. Current technical indicators show that FLOKI is currently on a bearish trend but with signs of rebounding. The price of Floki trades below both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the bearish sentiment. Moreover, the Relative Strength Index (RSI) is dropping below the 50-midline level as it closes ...