As Thursday drew to a close, the entire cryptocurrency market flipped sharply bearish again, causing Dogecoin’s price to fall below the $0.15 mark. Despite the persistent struggle to produce another major rally, traders’ sentiment seems to be turning bullish, leaning towards accumulation, as indicated by a key on-chain metric.

Dogecoin Moving Into Accumulation Mode

A fresh reading indicates that the Dogecoin market is currently at a pivotal juncture that could shape its next trajectory and price dynamics. Sina Estavi, a builder and the Chief Executive Officer (CEO) of Bridge AI, reported that on-chain data is pointing to a decisive shift in the current market trend of DOGE.

Estavi’s research is based on the key Dogecoin Bubble Risk Model, a metric that determines when the price of an asset is significantly overvalued relative to its fundamental value. After examining this crucial metric, the builder has found a shocking trend that suggests the meme coin is experiencing a positive market phase.

According to the expert, the data from the metric is quite clear, showing that DOGE is currently not in a bubble phase. It is worth noting that the bubble-risk indicator only flashes red when speculative excess rises to extreme levels. Meanwhile, recent data is showing that the signal is muted in comparison to previous market cycles. 

This development opposes the tales of fear that frequently emerge with significant price fluctuations. Rather, the signal suggests that the market is acting in a surprisingly stable manner, bolstered by consistent accumulation, strong holder belief, and robust network activity.

Estavi highlighted that from a structural standpoint, Dogecoin is shifting into an accumulation territory, not a blow-off top. In the meantime, this measure is unfolding as a subtle but potent indicator that the asset’s base is still far stronger than critics believe.

Active Addresses Showing Up At A Substantial Rate

The gradual shift into accumulation territory is evidenced by the massive wave of active wallet addresses on the Dogecoin network. Despite the ongoing volatility in the market and pullback in DOGE’s price, new investors appear to be reappearing at a substantial rate.

Ali Martinez, a market expert and trader, shared this development, which points to renewed demand and confidence in the leading meme coin. Data from Martinez shows that Dogecoin recorded over 71,589 active addresses on the network as of Thursday.

As seen on the chart, the figure marks the highest spike in the metric since September 2025. This rapid expansion suggests that genuine momentum is developing beneath DOGE’s current market trend, possibly foreshadowing a significant shift in market behavior and future price direction.

At the same time, heightened accumulation has also been ongoing within the whale cohort. In another X post, Martinez noted that whale investors have gone on a buying spree, scooping up millions of DOGE in the last 2 days. Within the time frame, the cohort acquired over 480 million DOGE, valued at approximately $71.2 million at current prices.

Crypto analyst Dom has provided an update on what could spark the next XRP price surge. He highlighted an important level that the altcoin needs to reclaim for it to rally to $2.50, which would mark a new high since the October 10 liquidation event.

XRP Price Must Reclaim This Level To Trigger Another Surge

In an X post, Dom stated that the XRP price needs to regain the monthly rVWAP around $2.22, as that would be the shift for a rally towards $2.50. This came as the analyst revealed that an inverse of the XRP chart over the last six weeks shows a perfect 3-drive pattern, which is a very accurate reversal setup in crypto. 

Dom also stated a higher low has finally formed, which can hint at the first sign of a trend change developing. He added that the order books are clear and that there was no better time for this trend to shift for the XRP price. If the setup fails, the analyst remarked that acceptance below $2 is next and that the end-of-year price action could turn ugly. 

Crypto analyst Egrag Crypto also recently highlighted key levels to watch for the XRP price. He stated that a close above $2.60, which is above the Fib 0.5, is bullish, but doesn’t mean that the altcoin is fully out of the woods. Furthermore, he claimed that a close above $3.40, which is above Fib 0.888, is super bullish and would mean that the altcoin is back in a bull market. On the other hand, a close below the 21 EMA could spell trouble for XRP, according to the analyst. 

A Breakout To $2.75 Could Be In Play

In an X post, crypto analyst Ali Martinez stated that a breakout toward $2.75 could happen if the XRP price breaks above $2.28. His accompanying chart suggested a rally to this $2.75 level could open the door to a sustained rally to the psychological $3 level. Meanwhile, Martinez warned that XRP could drop to as low as $1.2 if it falls below the key support level at $2.  

Crypto analyst CasiTrades has predicted one final drop for the XRP price before it reaches new highs. She outlined two scenarios for the altcoin after a backtest of the $2.04 level. The analyst stated that a double bottom could form around $1.80, or the altcoin could see a deeper sweep to the $1.64, .618 macro support. However, it is worth mentioning that XRP has successfully broken above the $2.04 level, which could invalidate this setup. 

At the time of writing, the XRP price is trading at around $2.18, down in the last 24 hours, according to data from CoinMarketCap.

In a significant development, the bearish action of the Solana price is currently spilling into the SOL-backed Treasury reserves. A recent report shows that corporate treasury companies are experiencing a sharp decline in their SOL holdings in the shadow of broader market unease.

Corporate Solana Reserves Continue To Bleed

Solana is experiencing a notable development that is capable of shaping its next market direction. Ted Pillows, a market expert and investor, shared on the X platform that the corporate treasuries of Solana are sinking further as the price of SOL struggles to regain upward traction.

According to the expert, SOL treasury companies are making new lows that echo through the on-chain corridors of the network. This implied that the wallets previously renowned for their steady accumulation are now showing diminishing conviction as balances discreetly shrink in the current bearish market phase.

The trend shows how institutional Solana holders are adjusting in the face of tightened liquidity and increased volatility, but it’s not a sudden exodus. Rather, it may be a steady, calculated exhalation.

Pillows highlighted that this drop to new lows is a major reason why the price of SOL has been performing badly, as buying demand has faded among institutional investors. Until these companies recover, the expert is confident that a recovery in SOL will be difficult.

However, Solana has started throwing up a quiet flare, one that heralds a recovery. After examining the altcoin’s price action on the weekly time frame, Ali Martinez, a crypto analyst and trader, revealed that SOL is flashing a bullish signal that points to a potential upward move. 

Martinez’s analysis hinges on the key Tom DeMark (TD) Sequential indicator. Since March 2023, the TD Sequential has proven to be very accurate when it comes to identifying SOL trend shifts on the weekly chart. During the ongoing bearish wave, the indicator is flashing a buy signal, suggesting that Solana is likely gearing up for a bounce.

SOL Activity Is On The Rise

Despite Solan’s price facing volatility, the leading network continues to wax strong as activity grows. In a post on X, Solana Daily disclosed that the network’s x402 activity is accelerating at a pace that feels more like an explosion this week. Currently, transactions are broadening, participation is expanding, and on-chain discussion is rising in the community.

The platform highlighted that the daily transaction volume on the protocol reached a new all-time high with approximately $380,000 processed on November 30 alone. This move to a new peak represents a 750% Week-over-Week (WoW) surge.

Furthermore, Solana has flipped the chart in dollar volume for the first time since its inception. With x402 transactions reaching new highs and a flip in dollar volume, the network is emerging as the most active in the cohort.