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Crypto Price Analysis January-31: ETH, XRP, ADA, BNB, and SOL

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This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail.

Ethereum (ETH)

Ethereum could not hold above $3,300, and its price fell by 4% this week. However, sellers did not seem determined enough to break below $3,000, which is currently acting as a key support level.

In the past three weeks, the price action was rather flat with ETH unable to move much beyond its current level. Any attempt at breaking above $3,300 was quickly rejected. This long consolidation could be followed by a major breakout from this range in the future.

Looking ahead, Ethereum’s momentum has turned bearish on the weekly MACD, which could indicate that sellers may continue to put pressure on the asset. If the key support at $3,000 is lost, then bears will have the upper hand and control the price action.

ETHUSDT_2025-01-31_12-16-58
Chart by Tradingview

Ripple (XRP)

XRP managed to return above $3 after a brief fall under this key level on Monday. Nevertheless, the price closed the week with a 2% loss, and the support at $3 appears weak at the time of this post. The key resistance is found at $3.3.

Another fall under $3 may be interpreted as bearish by the market and push the asset into a more significant correction after its massive pump from late 2024. Buyers will need to show strength here if they want to avoid a longer correction.

Looking ahead, XRP is found at a crossroads. The bullish momentum has faded, and the buy volume has been decreasing for weeks. If nothing changes, sellers will have the upper hand in the days to come.

XRPUSDT_2025-01-31_12-17-55
Chart by Tradingview

Cardano (ADA)

ADA struggled this week after its price fell by 6% and is now under $1 again. The key support at $0.9 managed to hold and stop the asset from falling lower, but the momentum remains somewhat bearish.

Similarly to XRP, ADA lacks the momentum to make new highs at the time of this post and is found in a dangerous position of losing its current support. If $0.9 falls, then the next level of support will be found at $0.73.

Looking ahead, Cardano’s momentum appears to be shifting bearish. The weekly MACD is also quickly approaching a bearish cross, which would make a longer correction likely and encourage sellers to press forward.

ADAUSDT_2025-01-31_12-19-41
Chart by Tradingview

Binance Coin fell by almost 2% this week but continues to show resilience even if it was unable to maintain a price above $690, which is currently acting as a resistance.

The key support is found at $605, and this level may be revisited in the future if the overall market remains bearish. Even if that happens, BNB will still show an uptrend with higher highs and higher lows.

Looking ahead, BNB appears to consolidate around $600 and is well-positioned to make new highs should the market turn bullish again in the future. For that to happen, the asset will have to break above $690.

BNBUSDT_2025-01-31_12-21-07
Chart by Tradingview

Solana (SOL)

Solana closes the week with an 8.5% loss. This correction is normal, considering its price had a major rally in early January. Should the correction continue, the most important support level is found at $206.

If SOL hopes to make new highs, it has to break the key resistance at $260. So far, this cryptocurrency has been unable to close a weekly candle above this level. Until that happens, a new all-time high appears unlikely.

Looking ahead, it is best to be patient and wait for the correction to end. Buyers could return later to see Solana attempt a breakout above $260. However, until then, the key support at $206 could be revisited.

SOLUSDT_2025-01-31_12-20-00
Chart by Tradingview
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Cryptocurrency

Coinbase Tanks 11% Pre-Market After $1.5B Q2 Revenue Miss

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Coinbase shares fell sharply after the company reported second-quarter earnings that missed expectations. Total revenue for the quarter came in at $1.5 billion, representing a 26% decline from the previous quarter.

The shortfall was largely driven by weaker-than-expected transaction revenue, which fell 39% quarter-over-quarter to $764 million.

Missing Expectations

In the official release, Coinbase revealed that its subscription and services revenue also declined 6% to $656 million. Despite efforts to reduce variable costs, operating expenses climbed 15% to $1.5 billion. Coinbase attributed this largely to the $307 million hit related to the data breach disclosed in May.

The crypto exchange recorded a net income of $1.4 billion, but this figure included $1.5 billion in pre-tax unrealized gains from strategic investments, including in Circle, as well as a $362 million pre-tax gain from its crypto investment portfolio. On an adjusted basis, net income stood at just $33 million, with adjusted EBITDA reaching $512 million.

Coinbase’s trading activity also underperformed the broader crypto spot market, as global and US crypto spot volumes declined 31% and 32% respectively. Meanwhile, its total trading volume fell 40% to $237 billion, and the consumer segment witnessed a 45% drop to $43 billion.

Consumer transaction revenue plunged 41% to $650 million, as volume shifted toward Simple trades amid low volatility. Institutional transaction revenue also saw a similar pattern, down 38% in both volume and revenue.

While Base Chain activity grew, other transaction revenue dropped 21% as average revenue per transaction declined.

As of the close on the previous trading day, Coinbase (COIN) shares were priced at $377.76, up slightly by $0.28. However, pre-market trading shows a sharp decline, with the stock down $42.30 (-11.20%) to $335.46. This steep drop suggests a strong negative reaction from investors, likely in response to recent earnings results.

Despite grappling with declining revenues and rising costs, Coinbase is doubling down on product innovation.

“Everything App”

Earlier this month, Coinbase rebranded its Wallet as the Base app, launching a crypto-focused “everything app” that merges trading, social media, USDC payments, mini-apps, and tokenized posts.

Announced at its “A New Day One” conference, the app runs on Coinbase’s Ethereum Layer 2 network and integrates Farcaster for social feeds, Zora for post tokenization, and encrypted XMTP chat. Users can earn from tips, interact with AI agents, and make one-tap payments.

The platform also introduced Base Pay for Shopify merchants and plans 1% USDC cashback in the US. The app is in beta, while a full public release and developer tools are expected soon.

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Dogecoin Slides 8% but Long-Term Channel Holds, Can DOGE Rebound?

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TL;DR

  • Dogecoin dropped to $0.20, moving in a $0.23 to $0.20 range during heavy selling.
  • Analysts see support in the long-term channel and a wedge pattern aiming for $0.265.
  • Large holders bought 310 million coins, while Bit Origin added 40 million to reserves.

Dogecoin Records Sharp Daily Decline

Dogecoin (DOGE) fell 8% in the past 24 hours, dropping from $0.22 to $0.21. This was one of the steepest daily moves for the token in July. The price action moved within a $0.23 to $0.20 range, facing resistance at the top and heavy selling near the session close.

However, trading volumes spiked, with a midnight surge to 1.25 billion DOGE, which points to large liquidations and cascading sell orders from leveraged positions. 

Dogecoin trades at $0.20 as of press time, down 11% over the past week, giving it a market cap of $31 billion.

Long-Term Channel Remains Intact

Trader Tardigrade shared a 1-month chart showing DOGE inside a long-term ascending channel that has held since 2014. DOGE has often bounced from the lower boundary of this channel, shown in pink on the chart.

Meanwhile, the current price is near the lower-middle part of the channel, an area that has led to multi-month rallies when the trend held. Dogecoin’s long-term structure stays intact while it trades within this ascending channel, even after the recent decline.

In addition, Trader Tardigrade also noted that Dogecoin’s monthly candle closed as the third consecutive bullish engulfing candle, which he described as a setup for a potential “move to Valhalla.”

Short-Term Wedge and Institutional Activity

Ali Martinez noted that DOGE may be forming a falling wedge on the 1-hour chart, with a projected target of $0.265. A move above $0.229–$0.230 would confirm bullish momentum, while $0.215–$0.210 remains key support if the wedge fails.

Institutional wallets acquired 310 million DOGE during the correction. Bit Origin added 40 million DOGE to its treasury under a $500 million diversification program. Broader crypto markets remain pressured by macroeconomic uncertainty, with inflation and equity risk shaping short-term demand.

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Pepe Dollar ($PEPD) Presale Picks Up Pace as Ethereum (ETH) Hovers Over $3,600

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[PRESS RELEASE – Covina, United States, August 1st, 2025]

Within the Ethereum ecosystem, Pepe Dollar ($PEPD) has entered its presale phase. Described as a meme token with integrated utility and cultural references, $PEPD introduces a tokenomics structure intended for long-term application. Certain Ethereum wallet holders have initiated ETH transfers to the presale, indicating early transactional activity.

Overview of $PEPD’s Positioning

Pepe Dollar ($PEPD) enters the market as a parody token referencing central banking themes, aiming to engage users through cultural commentary and decentralized finance (DeFi) mechanisms. Unlike traditional meme tokens, which often adopt simplified or repetitive token structures, $PEPD integrates design elements that combine cultural motifs associated with Pepecoin and components of DeFi architecture.

Comparison to Prior Meme Tokens

Pepe Dollar ($PEPD) enters the Ethereum ecosystem following the emergence of other meme tokens such as Pepecoin ($PEPE), $BONK, $LILPEPE, and $HYPER. The $PEPD model incorporates a tokenomics framework that includes a burn mechanism framed as a commentary on centralization. Its listing on CoinMarketCap has contributed to broader visibility. On-chain data indicates that several large Ethereum wallets have begun transacting with the token during its presale phase.

Pepe Dollar Presale – ETH’s Capital Rotation

Pepe Dollar’s presale architecture and project identity offer a compelling setup:

Presale Fundamentals:

  • Current Price: $0.004688
  • Tokens Sold: 166,938,905
  • Next Presale Price (Stage 2): $0.006495
  • Launch Price: $0.03695

Tokenomics and Supply

Pepe Dollar ($PEPD) will have a fixed supply of 3.6951 billion tokens. According to the project, 29% of the total supply is scheduled to be permanently removed at launch through a mechanism termed the “Federal Burn,” which is framed as a symbolic reference to traditional inflationary monetary systems.

Additional details disclosed by the development team include:

  • No developer tax mechanisms
  • No backdoor unlock functions
  • A publicly documented tokenomics model

Ethereum-Native Infrastructure

Pepe Dollar is designed to launch natively on Ethereum and integrate with existing Ethereum-based DeFi tools. The protocol includes functionality to support a meme asset minting platform, enabling users to create, deploy, and govern new assets using $PEPD. The project describes itself as operating at the intersection of cultural commentary and decentralized finance.

Project Links and Official Channels

About Pepe Dollar ($PEPD)

Pepe Dollar ($PEPD) is a decentralized Layer-2 payment infrastructure designed for the meme economy. Positioned as a satirical digital asset, $PEPD offers an alternative approach to traditional financial systems and aims to facilitate value creation within decentralized ecosystems.

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