Crypto DCA works well, but DeFi infrastructure still complicates automated investing.CoinFello simplifies DeFi dollar-cost averaging through conversational, non-custodial automation tools.DCA as a strategy has held up across decades of market cycles because the underlying logic is sound.Dollar-cost averaging (DCA) is one of the most thoroughly studied approaches to long-term investing, with its mechanics being quite straightforward, i.e., instead of trying to call market bottoms or time entries, an investor commits to buying a fixed dollar amount of an asset at regular intervals, letting the purchase price average out over time.In volatile markets, this tends to produce better outcomes than discretionary timing specifically.This is partly because it removes emotion from the equation and partly because it sidesteps the statistical near-impossibility of consistently buying at lows.The evidence for this is well-documented, as research into Bitcoin DCA strategies has found that investors who purchased fixed amounts of BTC on a weekly basis over any rolling four-year window since 2015 came out ahead in nearly every scenario, even when the entry point coincided with a local price peak.That pattern has held through multiple market cycles, including the sharp correction of 2022 and the subsequent recovery into 2024 and 2025.Meanwhile, a 2025 Fidelity survey found that among retail investors who describe themselves as long-term crypto holders, the most common strategy cited was some form of regular, fixed-amount purchasing rather than active trading.The argument for DCA in crypto is, if anything, stronger than in traditional equities, precisely because the volatility that makes single-entry timing so risky also creates the conditions where spread-out purchasing tends to perform best.In 2025 alone, Bitcoin moved from below $50,000 in the early part of the year to above $100,000 mid-cycle before experiencing a significant pullback.For anyone attempting to time that range, the experience was punishing, but for anyone buying at fixed intervals throughout, the results were considerably more manageable.Why DeFi turns a simple habit into a technical projectThe disconnect here is worth spelling out, because it is more structural than it might appear at first.This is because a traditional brokerage’s recurring investment feature involves two steps, i.e., choosing the asset and setting the frequency (while the platform handles everything else).The DeFi equivalent requires considerably more as a user who wants to regularly move stablecoins into a yield-bearing position, or set up recurring purchases of an asset across any EVM-compatible network, needs to navigate the relevant protocol’s front-end, connect their wallet, handle any cross-chain bridging (if assets sit on a different network), and manage gas fees at the moment of each transaction.Not only that, this chain of events needs to be repeated across interfaces that change frequently and occasionally go offline without notice.There is also the monitoring burden that comes alongside any position held in DeFi, as a sudden market dislocation, like the conditions that drove over $1.7 billion in liquidations across Ethereum and EVM-compatible networks in October 2025, can unwind a position within hours.For users executing DCA manually while also managing active positions, the response window is narrow, and the cognitive load is high.In all of this, CoinFello has built a digital foundation that addresses such gaps without requiring users to work around DeFi’s UX limitations.The platform connects to all EVM-compatible wallets, with users also able to create accounts via email or phone number, and provides a chat interface through which DCA instructions can be set in plain language.A prompt like “buy $100 of ETH every week using my stablecoin balance” is treated as an instruction, with the agent identifying the correct on-chain execution path and presenting the full transaction breakdown to the user before anything touches their portfolio.Critically…

The Osmosis crypto price has surged on extreme trading volume and liquidity inflows.Cosmos governance rejection kept Osmosis independent and stable.Price now hinges on holding $0.065 and breaking $1 resistance.The price of the Osmosis (OSMO) crypto has jumped sharply by nearly 200% in 24 hours, moving from a low near $0.03383 to around $1.Osmosis price chartThis sudden rally has placed the token among the strongest performers in the crypto market today, with trading activity and ecosystem developments both playing a major role in the move.Notably, the price surge came alongside an extreme spike in trading activity, a shift in altcoin market flows, and a key governance outcome within the Cosmos ecosystem that removed uncertainty around Osmosis’s future structure.Forces behind the Osmosis crypto price surgeOne of the biggest drivers behind the sudden Osmosis crypto price surge is the dramatic rise in trading activity on the Osmosis decentralised exchange.On-chain data shows a surge in 24-hour trading volume of more than 7,000%, reaching roughly $173.892 million, according to Coingecko data, at press time.This level of activity is unusually high compared to the token’s typical liquidity profile and signals a sudden inflow of speculative capital.This spike suggests that traders were actively rotating funds into Osmosis liquidity pools, likely driven by momentum strategies and short-term positioning.When volume expands this rapidly relative to available liquidity, even moderate buying pressure can produce outsized price movements, which helps explain the sharp upward acceleration.Another important factor is the broader market environment.The Altcoin Season Index has risen to around 51, reflecting a mild shift in capital from major assets like Bitcoin into higher-risk altcoins.In such an environment, mid-cap tokens tied to active ecosystems tend to experience amplified moves, and Osmosis has clearly benefited from this rotation.The rally was also reinforced by a governance vote within the Cosmos ecosystem.On April 17, 2026, a proposal to integrate Osmosis more directly into the Cosmos Hub narrowly failed.While some market participants initially viewed integration as a potential long-term structural upgrade, the failure of the proposal removed uncertainty around Osmosis’s independence.Following the vote, the Osmosis team confirmed that the network would continue operating independently, maintaining its current structure and focusing on profitability and user security.The Cosmos Hub proposal to integrate Osmosis narrowly did not pass governance.While this is not the outcome we thought was best for Cosmos, we want to thank the community, validators, and everyone who engaged deeply with the discussion.Osmosis continues to operate as an…— Osmosis 🧪 (@osmosis) April 17, 2026This clarity appears to have reduced governance-related uncertainty and contributed to improved short-term sentiment.At the same time, market conditions were already supportive.The token was trading in a highly reactive range, and once momentum began building, price action accelerated quickly.The combination of rising volume, altcoin inflows, and narrative confirmation created the conditions for a sharp upward breakout.OSMO price outlookFrom a technical perspective, the move in OSMO has the characteristics of a momentum-driven expansion phase.The price nearly doubled in a single day, which is typically associated with speculative trading rather than gradual accumulation.Eyes are not on the support near $0.065, which is an important level for the altcoin to maintain the bullish momentum.If the token holds above $0.065, it could indicate consolidation after the initial spike.A break above $1 and sustained trading above this level would suggest continuation of momentum, especially if trading volume remains elevated.However, volume will play a decisive role in the next phase.The same surge that pushed the Osmosis crypto upward could also reverse quickly if activity begins to fade.A drop in trading volume below roughly…

Key takeawaysSolana surged nearly 15% last week as spot SOL ETFs attracted $39.23 million in inflows — the strongest since January. Solana surged nearly 15% last week as spot SOL ETFs attracted $39.23 million in inflows — the strongest since January. Solana (SOL) is trading just above $95 on Monday after rallying nearly 15% over the past week, with bullish momentum supported by strong institutional demand, improving on-chain activity, and rising derivatives participation.Institutional demand pushes SOL above $90Institutional appetite for Solana strengthened sharply last week, with spot Solana Exchange Traded Funds (ETFs) recording net inflows of $39.23 million, according to CoinGlass data. The figure marked the strongest weekly inflow since mid-January, signaling renewed investor confidence in the asset. Continued inflows could provide additional upside support for SOL in the near term.On-chain and derivatives metrics also point to a constructive outlook. CryptoQuant data indicates cooling conditions across both spot and futures markets while showing buy-side dominance in futures activity — a combination that often precedes further upside. Although several metrics remain neutral, overall sentiment has improved considerably compared to previous weeks.In the derivatives market, Solana’s funding rates turned positive on Sunday before climbing to 0.0067% on Monday, showing that long traders are now paying shorts to maintain positions. Historically, similar flips from negative to positive funding rates have coincided with strong upward price moves for SOL.Open Interest (OI) in Solana futures has also surged. CoinGlass data shows total OI rising to $6.46 billion on Monday from $4.83 billion on May 5. The steady increase since early May suggests fresh capital continues to enter the market, reinforcing bullish momentum and signaling growing trader participation.Solana technical forecast: Bulls target the $100 psychological levelThe SOL/USD 4-hour chart is bullish thanks to Solana’s recent rally. SOL is now trading above both the 100-day Exponential Moving Average (EMA) at $93.87 and the 50-day EMA at $87.51, strengthening the bullish case.Momentum indicators also remain supportive. The Relative Strength Index (RSI) sits at 69, reflecting strong but not yet overextended momentum.Meanwhile, the Moving Average Convergence Divergence (MACD) indicator remains firmly positive and continues to rise.If the rally persists, immediate resistance is seen near the 38.2% Fibonacci retracement level at $98.53. A daily candle close above this resistance could open the door toward the $108.12–$110.62 range, where the 50% retracement level and the 200-day EMA converge. Additional resistance levels stand near $117.71 and $120.00, while an extended rally could target the 78.6% retracement level around $131.35.SOL/USD 4H ChartHowever, if the market undergoes a correction, immediate support sits near the former channel resistance around $92.11, followed by the 100-day EMA at $93.87 and the 50-day EMA at $87.52. Losing these levels could expose the support near $86.67, while deeper pullbacks could revisit the channel floor around $77.12 and the broader cycle low area near $67.50.The post Solana eyes $100 as ETF inflows hit highest level since January appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/JnlHTcm

Key takeawaysSEI is up 10%, outperforming the broader cryptocurrency market.The coin could extend its rally towards the $0.092 daily swing high in the near term.The cryptocurrency market opened the new weekly candle mixed as some coins rallied while others underperformed.SEI, the native coin of the Sei blockchain, is one of the best performers among the top 100 cryptocurrencies by market cap.The coin is up by 10% in the last 24 hours and could extend its rally in the near term. Technical indicators suggest that SEI could surge past a key resistance level as the broader market remains strong. SEI rallies as Sei Labs completes EVM TransitionThe primary catalyst behind SEI’s latest rally is the completion of its unified EVM architecture. The team announced over the weekend that it has completed its transition to a unified, EVM-only architecture. This means that exchanges and custodians supporting the SEI token need to migrate customer holdings before support for Cosmos and IBC-related functionality is deprecated.The team’s core message: Sei EVM is not a separate chain. “It’s the same chain with a second way to interact with it,” Sei Labs said in the announcement. Any venue that treats “Sei” and “Sei EVM” as two distinct integrations needs to consolidate them into one.The push closes out SIP-3, the May 2025 governance vote that approved Sei’s pivot to a fully EVM-only architecture. The transition has rolled out in stages through 2026, with EVM staking added in January, inbound IBC transfers disabled in February, and the native oracle replaced by Chainlink, Pyth, and API3 in March.SEI bulls target the $0.080 resistance levelThe SEI/USD 4H chart is bearish and inefficient thanks to Sei’s latest rally. The momentum indicators suggest that the bulls remain in control of the market.The RSI of 70 means that SEI is approaching the overbought region, which could signal incoming selling pressure. The MACD lines are also within the positive territory, adding further confluence to the bullish narrative.SEI/USD 4H ChartIf the bullish trend persists, SEI could rally past the $0.0800 level in the near term. The swing high on the daily chart at $0.09248 could be SEI’s target in the coming days and weeks.However, if the sellers regain control, SEI could drop to the support level at $0.07021. Losing this level could see the bears push the price lower towards the $0.06490 pyschological level. The post SEI surges 10%, outperforms the broader market: Check forecast appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/pge9BA8

Key takeawaysXRP slipped below $1.50 as renewed Middle East tensions weakened broader crypto sentiment.XRP investment products saw nearly $40 million in inflows last week, while futures open interest climbed to $2.87 billion.XRP tests key $1.45 support despite strong ETF and futures inflowsRipple’s XRP retreated from highs near $1.50 and hovered around $1.46 on Monday as renewed geopolitical tensions in the Middle East pressured broader crypto markets and cooled recent bullish momentum.The pullback followed comments from US President Donald Trump, who reportedly rejected Iran’s latest proposal aimed at ending the ongoing conflict in the region, calling the offer “totally unacceptable.” The proposal included conditions tied to Iran’s sovereignty over the Strait of Hormuz alongside demands for compensation related to war damages.Iranian Foreign Ministry spokesperson Esmail Baghaei defended the proposal, describing it as “reasonable” and “generous” for both Iran’s national interests and regional stability.The renewed uncertainty rattled risk assets, including cryptocurrencies, which had recently rallied on hopes of a lasting ceasefire agreement between the US and Iran. XRP is up by less than 1% today as traders reassessed the broader macro outlook.Despite the market weakness, capital inflows into XRP investment products remained resilient last week.According to CoinShares, XRP-related digital investment products attracted nearly $40 million in inflows, with total assets under management averaging $2.5 billion, ranking fourth among crypto investment products.Spot XRP exchange-traded funds (ETFs) accounted for approximately $34 million of those inflows, while cumulative ETF inflows climbed to $1.32 billion. Net ETF assets under management currently stand at around $1.12 billion, according to CoinGlass data.Meanwhile, derivatives activity suggests retail traders continue positioning for further upside. XRP futures Open Interest (OI) surged to $2.95 billion from $2.65 billion a day earlier, indicating growing participation and investor conviction despite the recent pullback.XRP technical outlook: bulls defend key EMA support zoneThe XRP/USD 4-hour chart remains bullish as Ripple continues to trade above key levels. XRP is currently trading above the 50, 100, and 200 Exponential Moving Averages (EMAs) on the 4-hour chart clustered between $1.40 and $1.42, reinforcing a constructive short-term bias.However, the $1.50 area remains a major resistance barrier after acting as a double-top ceiling during the recent rally.Momentum indicators suggest bullish momentum is cooling rather than reversing entirely. The Relative Strength Index (RSI) remains in the high-50s, while the Money Flow Index (MFI) has eased from overbought territory, signaling a pause in buying pressure.XRP/USD 4H ChartIf the selloff persists, XRP could encounter a support level near the 50 EMA around $1.42, followed by stronger support around the 100 EMA at $1.41 and the 200 EMA near $1.40.However, if the bulls regain control and XRP’s daily candle closes above the $1.50 resistance zone, it could pave the way for a more extended bullish move in the sessions ahead.The post XRP price slips below $1.50 as Middle East tensions shake crypto sentiment appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/Mc9hHge

GMC launches fast-track licensing for globally regulated financial firms.New framework combines licensing and banking into a single setup process.DK Bank guarantees accounts and digital asset services for all GMC firms.Gelephu Mindfulness City (GMC), Bhutan’s Special Administrative Region for economic development, has introduced an accelerated licensing pathway for companies already regulated in leading global financial centres, including Singapore, Abu Dhabi Global Market, and Hong Kong.Announced on 12 May, the initiative is designed to allow qualified firms to move from application to full operational readiness in a significantly shorter timeframe by combining expedited regulatory review with immediate access to banking infrastructure.GMC said the new framework enables firms to incorporate, receive regulatory approval, open a corporate bank account, and begin operations through a single, coordinated process, removing delays often associated with entering new markets.Accelerated licensing pathway for established firmsUnder the new framework, companies that already hold licences in established financial centres such as Singapore, ADGM, and Hong Kong will be eligible for accelerated review, reflecting their existing regulatory standing.GMC said the approach is intended to reduce duplication, maintain high standards, and help credible firms expand internationally with greater speed and certainty.“GMC is designed to remove friction from the system. If a company has already demonstrated credibility in leading jurisdictions, we recognize that – and enable them to move faster,” said Jigdrel Singay, Board Member and Digital Assets & Fintech Lead, Gelephu Mindfulness City.This accelerated pathway, combined with immediate access to banking, fundamentally changes the setup experience. Companies don’t just get approved – they get operational. Our goal is to create a trusted platform for digital assets and financial innovation, where regulation, infrastructure, and execution are aligned from the outset.GMC said the integrated setup differs from most jurisdictions, where licensing and banking are typically separate and sequential processes, often resulting in months of delay even after regulatory approval.Banking access integrated through DK BankAs part of the framework, companies establishing a licence in GMC are guaranteed a corporate bank account with DK Bank, which GMC said removes one of the most common barriers to becoming operational.The bank said it is designed to support globally active financial and digital asset companies from day one, offering multi-currency accounts across nine major currencies — USD, GBP, EUR, AUD, JPY, SGD, INR, HKD, and BTN — to support international operations.DK Bank also offers digital asset financial services, including BTC-backed lending and asset swap capabilities, as well as integrated on- and off-ramps for digital assets.GMC companies will also receive preferential banking terms, including fully waived banking fees for at least the first six months and discounted pricing thereafter.“In most financial centres, getting licensed is only half the battle – getting a bank account is where companies get stuck,” said Yu Dong Zheng, CEO, DK Bank.We’ve removed that bottleneck. At DK Bank, companies setting up in GMC can operate from day one, with banking built into the process. Our ambition is simple: to be the most Web3- and fintech-friendly bank in the world.Tax incentives and institutional frameworkGMC said the accelerated pathway is supported by a broader tax and regulatory framework designed to support real business activity, capital formation, and long-term investment.The city highlighted targeted incentives for priority sectors, including 0% corporate tax depending on company investment levels, a territorial tax system aligned with Singapore and Hong Kong, and no capital gains, dividend, or inheritance tax.Foreign talent tax exemptions will remain in place through 2030, while double taxation agreements are already in place and expanding, including…

Key takeawaysStellar continues consolidating between its 50-day and 100-day EMAs. CryptoQuant data suggests a neutral-to-bullish outlook for XLM.On-chain and derivatives data support a mild bullish outlookStellar traded cautiously on Tuesday, but improving on-chain activity and derivatives positioning continued to support expectations for a potential upside breakout in both altcoins.According to CryptoQuant summary data, Stellar reflects buy-side dominance with largely neutral market conditions, pointing to a mild bullish bias despite the lack of a decisive breakout.CoinGlass data shows the OI-weighted funding rates for XLM flipped positive on Friday and remained positive on Tuesday at 0.0030%, respectively. Positive funding rates indicate that long-position holders are paying shorts, reflecting growing bullish positioning among traders.Stellar technical outlook: Consolidation continues between key EMAsThe XLM/USD 4-hour chart is bearish and efficient as it is currently trading at $0.164 per coin. It is currently trading between major moving averages as traders await a clearer directional move.XLM continues to hold above its 50-day EMA near $0.165 but remains below the 100-day EMA at $0.174 and the 200-day EMA around $0.204. Broader descending trendline resistance also continues to cap upside attempts.Momentum indicators nevertheless show early signs of improvement. The RSI sits near 57, slightly above the neutral midpoint. The MACD line remains marginally above zero, suggesting mild bullish momentum.If the rally resumes, the bulls would encounter resistance at key levels, including the 100-day EMA at $0.174, the 23.6% Fibonacci retracement at $0.201, and the 200-day EMA just above $0.204.XLM/USD 4H ChartHowever, if the bearish trend persists, immediate support would be seen at the 50-day EMA at $0.165. A daily candle close below this level would expose the major support at $0.136.As long as XLM maintains support above the 50-day EMA, the current consolidation structure could support a gradual recovery attempt. However, a breakdown below $0.136 would likely reopen the broader bearish trend.The post Stellar holds a bullish bias as momentum indicators improve appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/BYP3iyG

Key takeawaysBitcoin trades around $81,000, maintaining a bullish bias but facing resistance at the 200-day EMA. Traders await the US Consumer Price Index (CPI) data, which could trigger volatility in BTC and risky assets. US CPI report could drive volatility for BitcoinBitcoin traders are awaiting the release of the US Consumer Price Index (CPI) for April, scheduled for Tuesday at 12:30 GMT. The report is expected to show a sharp increase in inflation, driven in part by higher oil prices amid the ongoing US-Iran tensions.The monthly CPI is forecast to rise by 0.6%, following March’s 0.9% increase. The annual CPI reading is expected to climb to 3.7%, up from 3.3% in March, marking the highest level since September 2023. Core CPI, excluding food and energy prices, is anticipated at 0.3% for the month and 2.7% year-over-year.The data will likely shape expectations for future interest rate cuts by the Federal Reserve (Fed), potentially triggering volatility in Bitcoin and other risk assets. Additionally, elevated crude oil prices continue to add to inflationary pressures, reinforcing the likelihood of a more hawkish Fed stance, which could weigh on Bitcoin’s upside.Negative headlines regarding the US-Iran situation could also strengthen the US Dollar (USD) as a reserve currency, further dampening short-term risk appetite.Despite the uncertain macro environment, Bitcoin’s institutional and corporate demand remains strong, providing support for its price.Spot Bitcoin ETFs recorded inflows of $27.25 million on Monday, according to CoinGlass data, breaking a two-day streak of outflows from the previous week. While these inflows were modest, they reflect a cautious yet positive outlook from investors. If this trend continues, Bitcoin’s price could see further upward movement.On the corporate side, Strategy (MSTR), led by Michael Saylor, added another 535 BTC to its treasury reserve on Monday, bringing its total Bitcoin holding to 818,869 BTC. The company has consistently accumulated Bitcoin over recent months, with an average purchase price of $75,540—above the current market price, adding to the bullish sentiment.Bitcoin technical outlook: Resistance at 200-day EMABitcoin is trading around $81,000 on Tuesday, maintaining a constructive bullish bias as it holds above the 50-day and 100-day Exponential Moving Averages (EMAs) near $76,700. The 50% Fibonacci retracement at $78,962 also provides strong support. However, Bitcoin is currently facing resistance at the 200-day EMA, located around $82,130. A break above this level would likely open the path to the next resistance zone around $83,437 (61.8% Fibonacci retracement) and $84,410 (horizontal barrier).The Relative Strength Index (RSI) on the 4-hour chart is at 55, and the Moving Average Convergence Divergence (MACD) remains mildly positive, suggesting that while momentum is bullish, there are no immediate overbought conditions.BTC/USD 4H ChartIf the rally continues, immediate resistance is seen at the 200-day EMA around $82,130, followed by the 61.8% Fibonacci retracement at roughly $83,437 and the horizontal barrier near $84,410. However, if the bearish trend persists, sellers would encounter support at the psychological $80,000 level, ahead of the 50% retracement at $78,962, with the 100-day and 50-day EMAs near $76,647 and $76,248, the channel top around $75,680.The post Bitcoin struggles at key technical levels, awaits US CPI data for fresh volatility appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/UPqmMKS

Key takeawaysCardano (ADA) faces losses below $0.2800 after Sunday’s 4% recovery was capped by the 100-day EMA.Negative funding rates and a shift in futures market sentiment signal a bearish outlook.Cardano futures market turns bearish as sentiment shiftsADA is dpwn 2% in the last 24 hours and could record further losses in the near term. Cardano’s futures market sentiment is shifting to a bearish stance amid a pullback in the spot price this week. According to CoinGlass data, the ADA futures Open Interest (OI) rose by over 4% in 24 hours, reaching $596.40 million, indicating a buildup of positions as traders prepare for a potential sharp move.However, the negative funding rate of -0.0018% suggests that fewer traders are willing to take long positions on ADA, pointing to a bearish outlook. Additionally, the long-to-short ratio stands at 0.7212, showing that active short positions significantly outnumber long positions, further reinforcing the bearish sentiment.Technical outlook: ADA faces resistance at the 100-day EMAThe ADA/USD 4-hour chart remains bearish and efficient. At the time of writing, Cardano is trading around $0.2743, maintaining a capped tone below the 100-day EMA at $0.2870. While ADA is holding above the 50-day EMA at $0.2603, the technical structure remains cautious, suggesting that the broader bearish trend could continue if support fails to hold.The Moving Average Convergence Divergence (MACD) is inching closer to the signal line, with the positive histogram bars contracting. Meanwhile, the Relative Strength Index (RSI) has slipped to 59, indicating that bullish momentum is weakening after an overextended move.If the rally resumes, immediate resistance is seen at the 100-day EMA near $0.2870, with the longer-term 200-day EMA around $0.3696 acting as the next significant barrier.ADA/USD 4H ChartHowever, if the bearish trend persists, the 50-day EMA at $0.2603 offers the first notable layer of support.A daily candle close below this level could signify that the latest rebound is fading and the broader bearish bias is reasserting itself.The post Cardano struggles below $0.2800, bearish sentiment strengthens appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/TdU3cQe

XRP Ledger has reached a record 332,230 wallets holding 10,000 or more XRP.Growth after a sharp dip earlier in the year highlights long-term holder conviction.XRP price eyes a breakout above key resistance around $1.50.The XRP cryptocurrency continues to navigate choppy waters below $1.50, largely fluctuating alongside top altcoins.Meanwhile, the XRP Ledger has hit a new milestone, with on-chain data revealing an all-time high in terms of wallets holding at least 10,000 XRP.But what does this wallet growth suggest? And could broader gains lift prices above the key resistance level?XRP Ledger wallet growth: Record high for 10,000+ cohortWhales have largely bought the dip on major altcoins in recent weeks, and on-chain metrics highlight this as the case for XRP Ledger.Data shows a fresh streak in crypto inflows coincides with an expanding XRP holder base. In particular, addresses with 10,000 XRP or more have climbed to 332,230.According to data Santiment shared early Wednesday, this is the highest ever recorded mark for this cohort. The expansion has persisted through 2026’s price stagnation, where XRP has so far traded below its recent peak.Notably, accumulation has picked up after a major dip between February 6 and 8, which saw more than 4,500 wallets drop from the 10k or more XRP category.The sharp decline as seen in the chart below aligns with the crypto market bloodbath that triggered massive liquidations on February 5.This resilience points to accumulation by conviction-driven investors. XRP Price And Wallet ChartXRP wallets with 10k or more coins chart by SantimentAnalysts say such whales are less swayed by volatility and more focused on XRP’s utility and long-term outlook.It’s a move that signals increased institutional adoption, especially as crypto funds notch a multi-week streak.XRP price outlookAs noted, the XRP price currently consolidates below the $1.50 resistance level.However, it’s forming a tight range amid the latest upswing for risk assets, hovering near $1.45 as of writing on May 13, 2026.Bitcoin’s push for a retest of $82,000 means muted upward action for altcoins, and XRP could mirror the sentiment as renewed risk appetite slowly sips into the broader market. Yet buyers may have eyes on breaking higher.In this case, the token faces immediate overhead resistance at the $1.50 level, where prior rejections have capped momentum.From a technical perspective, XRP exhibits a bullish consolidation pattern on the daily chart, with support holding at the 50-day moving average near $1.35.Meanwhile, the RSI indicator hovers in neutral territory, meaning further room to manoeuvre before entering overbought conditions.A breakout could allow bulls to target $2.00 and $2.75. The main focus could be a return to above $3.00.Conversely, a drop below $1.35 might mean a retest of $1.20 lows.The post XRP price forecast as more whales bet on bounce appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/1YJoB3H

Key takeawaysBitcoin recovers slightly on Wednesday after finding support below $80,000.US-listed spot ETF saw outflows of $233 million on Tuesday,Bitcoin finds support at a key levelBitcoin (BTC) has slightly rebounded and is currently trading above $81,000 on Wednesday, following a retest of a critical technical support level the previous day. The price surge is attributed to a recent correction and support found near the psychological $80,000 mark. As market participants await the Senate Banking Committee’s vote on the Clarity Act on Thursday, there are early indications that this could be a near-term catalyst for Bitcoin’s future price action. Institutional demand appears to be showing some caution this week. Spot BTC Exchange-Traded Funds (ETFs) recorded a notable outflow of $233.25 million on Tuesday, after a modest inflow of $27.29 million the previous day, according to CoinGlass data. If these outflows persist or intensify in the coming days, Bitcoin may experience a price correction. However, the focus remains on the Senate Banking Committee’s upcoming vote on the Clarity Act, which is anticipated to have a significant impact on the crypto market. Bitcoin’s recent price action has lost momentum as it faces resistance around the 200-day Exponential Moving Average (EMA), hovering near $82,000. The ongoing consolidation suggests that Bitcoin is taking a breather after a strong rally since early April. However, the outlook remains bullish, with the largest cryptocurrency by market capitalization potentially poised to resume its upward trend. Analysts are optimistic that the Clarity Act, which is expected to be voted on Thursday, could trigger a breakout for Bitcoin.Bitcoin price forecast: BTC consolidating above key EMAsDespite some caution in institutional demand, Bitcoin is showing a bullish near-term bias, with support holding above the 50-day and 100-day Exponential Moving Averages (EMAs). These EMAs are clustered just below $76,800 and are part of a parallel channel, suggesting ongoing consolidation in the price action.The Relative Strength Index (RSI) on the daily chart is near 61, indicating positive momentum without being overextended. Meanwhile, a slightly negative Moving Average Convergence Divergence (MACD) reading points to moderating upside pressure, rather than a reversal, as Bitcoin remains below the 200-day EMA near $82,100.If the rally persists, Bitcoin will face initial resistance at the 200-day EMA around $82,100, followed by the 61.8% Fibonacci retracement level near $83,440 and a horizontal barrier at $84,410.BTC/USD 4H ChartA sustained break above this resistance zone could open the door for a run toward the January peak of around $97,925.However, if the bears regain control, support is seen at the psychological $80,000 level, with further support zones near the 50% retracement at $78,960 and the 100-day and 50-day EMAs around $76,730 and $76,420, respectively.The post Bitcoin rebounds slightly above $81k amid institutional caution appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/meYvx0B

Key takeawaysATOM extends its gains, trading above $2.10 on Wednesday, up over 8% so far this week.The technical outlook suggests a further upward rally in the near termATOM trading volume hits multi-month highs Cosmos Hub (ATOM) continues its bullish rally, currently trading above $2.10, up more than 8% this week. On-chain data reveals a positive outlook, with ATOM’s trading volume surging to $120.74 million on Wednesday, marking the highest level since early February. This surge in trading volume indicates growing trader interest and liquidity, further boosting ATOM’s upside momentum.Santiment’s data suggests an increase in demand, with spot markets showing buy-side dominance and generally neutral conditions across other metrics, pointing to potential for continued upward movement. The rally comes after Cosmos Hub announced a new partnership with Injective. Starting soon, the USDC stablecoin from Injective will be integrated into the Cosmos Hub ecosystem. This integration ensures long-term support for USDC, solidifying the relationship for at least four years.The partnership will enhance liquidity, cross-chain interoperability, and introduce a buyback mechanism for ATOM tokens. The Cross-Chain Transfer Protocol (CCTP) will facilitate one-signature transfers, with the protocol fees used to buy back ATOM tokens programmatically. This move is bullish for both Cosmos Hub and ATOM in the long term, as it strengthens the ecosystem and introduces new demand drivers.Cosmos Hub price forecast: ATOM aims for $2.34 The ATOM/USD 4-hour chart is bullish and efficient as the coin is outperforming the broader crypto market. ATOM is trading at $2.15 on Wednesday, marking a 8% increase this week. The token remains above key support levels, with the 50-day and 100-day Exponential Moving Averages (EMAs) at $1.90 and $1.97, respectively. This keeps the near-term bullish trend intact as ATOM pushes further away from its broken descending trend line.The Relative Strength Index (RSI) has surged into overbought territory, currently around 75, while the Moving Average Convergence Divergence (MACD) line stays above zero with a positive spread, suggesting strong bullish momentum but cautioning against overextension.If the bullish trend continues, initial resistance is found at the 200-day EMA around $2.34, followed by the 38.2% Fibonacci retracement at $2.39. A sustained break above this resistance zone could open the path to further gains, with potential targets at the 50% retracement near $2.63 and the 61.8% retracement level at $2.88.ATOM/USD 4H ChartHowever, if the market undergoes a correction, immediate support is seen at the 23.6% Fibonacci retracement at $2.09, followed by the 100-day EMA at $1.97 and the 50-day EMA near $1.90. A deeper pullback could occur if these levels are lost, with further support near the former trendline break area at $1.75 and the lower horizontal support around $1.65.The post ATOM extends rally, surges above $2.10 with bullish momentum appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/KoH75It

Tron (TRX) price is trading above $0.35 as the latest upward move adds to recent gains.The altcoin’s higher price action and network activity show marked divergence.Can TRX continue the uptick, or are bulls set for trouble amid a sharp reversal?TRON (TRX) is among the stronger-performing altcoins on the day, posting modest gains as the token retests the key $0.35 resistance level amid a broader recovery across the crypto market.Intraday data shows TRX trading volume declining 13% to about $639 million, suggesting softer market participation despite the price uptick.The token’s ability to hold near current levels mirrors broader sentiment across major cryptocurrencies, with Bitcoin and Ethereum also maintaining important support zones.However, analysts note that TRX’s price advance contrasts with weakening network activity metrics, a divergence that could point to potential downside risks if momentum fades.TRX price outlook – overbought danger?TRON is up about 23% year-to-date, making it one of the stronger-performing major altcoins over that period.The token has continued to climb since rebounding from lows near $0.26 in early February.Bulls are now testing resistance around $0.35, with traders watching for a possible move toward highs last seen in 2024.Despite the strong performance, short-term technical indicators are beginning to show signs of caution.The Relative Strength Index (RSI) has moved into overbought territory, a condition often associated with slowing momentum or potential reversals in momentum-driven markets.Meanwhile, the MACD remains in bullish territory, although the indicator is beginning to show signs of weakening momentum.Tron TRX Price ChartTron price chart by TradingViewCryptoQuant’s latest analysis highlighted this vulnerability, pointing to the stark divergence between price action and network activity.According to the analysts, the TRX price surges in the past weeks have not aligned with on-chain activity.For instance, the “Tokens Transferred (Total)” metric shrank from 17.3 billion to 12.2 billion, indicating reduced network utility. Prices bounced higher during this period.“Typically, a healthy and sustainable price rally is validated by increasing network activity and utility. This glaring divergence suggests that the current upward momentum to $0.35 is not supported by actual on-chain usage. It implies that the recent price action might be driven more by speculation or hoarding rather than organic network activity,” CryptoQuant noted.TRON experienced an 11% decline in the TRX burn ratio during Q1 2026, as users shifted toward staking rather than burning tokens for transaction fee discounts.External factors, including ongoing scrutiny of founder Justin Sun, may further embolden bears if sentiment sours.In the short term, key support levels cluster around $0.32-$0.29, which is where the 100-day and 200-day exponential moving averages currently hover.A decisive break above $0.36 could validate the rally toward $0.40. Tron hit its all-time high price above $0.44 in December 2024.The post Tron (TRX) price retests $0.35: further rally or are bulls in trouble? appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/EealCcQ

Key takeawaysPi Network (PI) is currently consolidating within a descending wedge pattern on the 4-hour chart.The deployment of cross-chain contracts on the BSC and OP testnets is part of the ongoing mainnet upgrades, expanding Pi Network’s capabilities.PI extends consolidation within descending wedge patternPi Network (PI) is trading in the red on Wednesday, down 1%, continuing its consolidation within a descending wedge pattern on the 4-hour chart. Despite the current bearish price action, the technical outlook remains mildly bullish. PiChain Global, a key player within the Pi Network ecosystem, has recently deployed cross-chain contracts on the BSC and OP testnets, signaling that ongoing upgrades are bringing new capabilities to the Pi Network ecosystem. In an update posted on X, PiChain Global announced the successful deployment of cross-chain smart contracts on two blockchain testnets: BSC (Binance Smart Chain) and Optimism’s OP testnet, built on Ethereum. The move highlights the growing cross-chain functionality within Pi Network, expanding its capabilities. PiChain also plans to integrate this functionality into its PCM wallet, while temporarily pausing its Meeta social app due to resource limitations.This new development is part of the Pi Core Team’s ongoing push for the mainnet upgrade, which has now reached Stellar Protocol v23 on Pi Network’s testnet. The mainnet nodes must complete this upgrade by Friday to remain connected to the network, and if successful, the upgrade will unlock similar cross-chain functionality on the mainnet, broadening the utility of the PI token.PI price forecast: potential bullish breakout from descending wedge The PI/USD 4-hour chart is bearish and efficient. At press time, Pi Network is consolidating between the $0.1700 mark and the May 9 high of $0.1766 on the 4-hour chart. This consolidation is bounded by two key trendlines—an overhead trendline from April 29 and May 6 highs, and a support trendline from April 30 and May 8 lows. Short-term momentum is recovering on the 4-hour chart. The Moving Average Convergence Divergence (MACD) remains above its signal line, with positive histogram bars contracting toward the zero line. The Relative Strength Index (RSI) is showing a steady rise in the mid-range at 46, while the price holds above the key $0.1700 level, signaling a positive divergence. If the bulls regain control, immediate resistance is found at the short-term descending trendline around $0.1766. A sustained break above this resistance level would help lift the current cap and pave the way for a potential move toward the May 6 high at $0.1881.PI/USD 4H ChartHowever, if the market undergoes a correction, initial support is at the psychological $0.1700 level, followed by the active descending support trendline near $0.1670. If the price breaks below this support level, it could trigger a deeper pullback, potentially weakening the broader consolidation structure.The post Pi Network (PI) faces mild bearish pressure: Check forecast appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/23CLkel

DIU names Concordium official AI partner for 2026 IIHF event.Concordium launches blockchain fan ID pilot with Danish hockey.Partnership fee settled fully in Concordium CCD tokens.Danmarks Ishockey Union (DIU), the governing body for ice hockey in Denmark, has named Concordium as the Official AI Partner of the Danish National Ice Hockey Team in a partnership centered on blockchain-based digital identity and artificial intelligence infrastructure.The collaboration will officially launch during the 2026 IIHF Ice Hockey World Championship in Switzerland and will include multiple technology-focused initiatives aimed at enhancing fan engagement through AI-powered systems and on-chain identity verification.Concordium, which describes itself as a regulatory-grade AI infrastructure platform powered by blockchain technology, said the partnership will serve as a real-world demonstration of how verified digital identities and AI agents can operate at scale in consumer-facing environments.Verified fan program to debut at IIHF ChampionshipThe partnership between DIU and Concordium will initially focus on two core initiatives built on Concordium’s infrastructure.The first is a Verified Fan Programme designed to pilot a privacy-preserving fan experience using zero-knowledge proof technology.The system is intended to allow users to verify identity-related credentials while limiting exposure of personal information.The second initiative is an Agentic Commerce pilot, which aims to demonstrate how verified AI agents can operate autonomously while interacting with fans and digital commerce systems.The project builds on Concordium’s previous work involving the x402 agentic payments protocol, which is focused on enabling secure and verifiable machine-driven transactions.“Agents transacting at scale need a verified identity they can carry and settlement rails they can trust,” said Varun Kabra, Chief Growth Officer at Concordium.“The infrastructure for that already exists. What it has lacked is legibility, a place where mainstream audiences can see it working. We are very excited to partner with the Danish Ice Hockey team to build together a solution where AI can deliver a much superior fan experience.”DIU said the partnership was structured around long-term technology collaboration rather than traditional sponsorship branding alone.“We approached this the way we approach every serious collaboration, starting with what we could build together, not what would go on the jersey,” said Michael Dupont, CEO of Danmarks Ishockey Union. “Concordium is a Swiss-built and regulatory-grade AI infrastructure. The programmes planned over the course of the partnership are the kind of work that fits how Danish hockey wants to be seen.”Partnership settled entirely in CCD tokensAs part of the agreement, Concordium branding will appear on the Danish national team’s helmets and jerseys, alongside category exclusivity across digital assets during the term of the partnership.The organizations also said the full partnership fee was settled entirely in CCD, Concordium’s native blockchain token.According to the announcement, the agreement represents the first national-team partnership fully paid and locked in a native protocol token.The transaction was settled on-chain at signing, while a 12-month lock-up period was enforced directly at the protocol level.DIU will maintain full self-custody of the digital assets under the arrangement.Global tournament exposure supports partnership visibilityThe partnership launches ahead of the 2026 IIHF World Championship, where Denmark’s national team is expected to receive broad international television exposure.Games involving the Danish team are broadcast across Sweden, Finland, Germany, Switzerland, Canada, and the United States through networks including Viaplay, ZDF, ARD, TSN, and ESPN.According to the organizations, the 2025 IIHF World Championship generated a cumulative live television audience of 215 million viewers and 25.6 billion event impressions across 155 territories.DIU…

Ethena’s native token, ENA, saw its price decline as Bitcoin slid below $79,000The slight dip happened despite ENA notching a 5-week high in whale activity.Prices could fall further, but a rebound for BTC could boost ENA.Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin grappled with renewed selling amid macroeconomic headwinds.This decline unfolded even as on-chain metrics signaled robust interest from large holders.Analysts say the move highlights a disconnect between whale behavior and short-term price action.Ethena hits 5-week high in whale activityOn-chain data shows Ethena’s ecosystem has managed notable momentum.For one, the network just hit its largest daily network growth in over three months.The platform did not just see a surge in new wallet creations, but had ENA whale activity surging to a five-week peak, with this aligning with heightened interest bolstered by several bullish catalysts.📈 Ethena has just seen its largest day of network growth (new wallets created) in over 3 months. Additionally, $ENA whale activity has just hit a 5-week high. Why? There has been a series of high-impact events that converged in the days leading up to May 12th:🎯 Grayscale… pic.twitter.com/ZMZf0BZgkN— Santiment Intelligence (@SantimentData) May 13, 2026According to Santiment, one of the key drivers was Grayscale’s decision on May 7 to incorporate ENA into its DeFi Fund.Ethena also recently saw a massive $310 million USDC transfer, a transaction that injected fresh liquidity and drew widespread attention.Santiment has also highlighted that the spotlight on ENA increased further when LayerZero announced a temporary bridge suspension on May 9, keeping Ethena at the forefront of DeFi discussions.Adding to the optimism, the Ethena Foundation recently affirmed that all conditions outlined by its Risk Committee for activating the “fee switch” have been satisfied.This mechanism, designed to distribute protocol fees to stakers, awaits a governance vote from ENA holders in the coming days.The whale positioning ahead of the pivotal vote helped ENA price pump to highs of $0.14 on May 10.Why’s ENA price down?Despite the positive catalysts, ENA’s price succumbed to broader market dynamics.Both RSI and MACD on the 4-hour chart suggest prices could fall further.Ethena ENA ChartEthena price chart by TradingViewOn May 13, crypto sentiment soured following the release of U.S. Producer Price Index (PPI) data.This came in hotter-than-expected and exacerbated fears of persistent inflation and delayed rate cuts.US stocks slid, and Bitcoin, the crypto sector’s bellwether, tumbled below $79,000 during intraday trading.Declines meant bulls retreated to levels seen following Tuesday’s Consumer Price Index (CPI) report.BTC prices had earlier bounced to above $81,000.This macro-driven risk-off mood rippled across altcoins, with Ethereum down near $2,250, Solana slipping to $90, and XRP capped under $1.50.Many DeFi tokens mirrored the weakness, including ENA, which traded from intraday highs of $0.12.The profit-taking could extend losses to support at $0.10.While the dip impacts ENA’s short-term outlook, network fundamentals and overall market outlook could position the token for potential recovery.The post Ethena price: ENA dips despite 5-week peak in whale activity appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/qVk4y7f

The supertrend indicator paints a potential bullish breakout for Cardano (ADA).However, the momentum may not materialize, rendering the buy signal invalid.ADA could target highs above $0.40 next, although the $0.25 support remains key.Cardano price has dropped again as broader selling caps the crypto market bounce. ADA is down 3% in the timeframe and near support levels around $0.26, which mirrors the pullback for Bitcoin.The cryptocurrency bellwether recently rallied to near $83,000, but has pared gains and currently hovers around $79,800 amid macroeconomic headwinds. Cardano’s price trajectory has aligned with the BTC drop.However, could ADA be about to pump amid fresh buying interest?Cardano price: daily chart flashes buy signalOverall, cryptocurrencies are showing weakness, and ADA remains potentially bearish.Yet, a key trend indicator is flashing bullish on the daily chart, with the SuperTrend indicator turning green.Prices have fallen since the indicator flipped red in early February, while long-term declines go back to slip below $1 in September 2025.The SuperTrend indicator held red for several months and coincided with an eventual 70% decline in ADA price.When it previously flashed green, ADA price rose sharply, reaching above $0.43 earlier in the year.Cardano Price ChartCardano price chart by TradingViewAnalysts say that while Cardano has struggled since falling below $0.30, the correction and lengthy consolidation could give way to a trend reversal.If this happens, bulls could target crucial resistance at $0.33 and then year-to-date highs above $0.40. A decisive breakout could bring $0.75-$1.00 into play.Likely to help the bullish perspective is the fact that Cardano’s key stakeholders have slowly accumulated by buying the dip.According to Santiment, wallets with at least 1 million ADA tokens have added to their bags to about 67% of supply.That metric hovers at over 25.09 billion ADA, with buying happening despite the asset shedding more than 70% of its market capitalization over the past 9 months.Cardano price – short-term bearish outlook!While the SuperTrend indicator suggests a potential bullish breakout for ADA, skeptics warn that imminent momentum might fizzle, invalidating the buy signal altogether.Supporting this cautious view are other key oscillators.The daily Relative Strength Index (RSI) is downsloping near the 50 mark, indicating limited buying pressure, while the Moving Average Convergence Divergence (MACD) shows potential bearish crossover.Should sellers regain control, ADA could first probe the $0.25 support zone before mounting any meaningful recovery.However, a deeper breakdown below that level might accelerate losses toward $0.23. The potential demand reload zone aligns with the lower boundary of a multi-month channel.The broader market outlook, including macroeconomic and geopolitical factors, could influence the next path for this altcoin.The post Cardano price forecast: is $0.40 next as $ADA flashes buy signal? appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/cQIUYhs

Key takeawaysPi Network extends losses on Thursday and could dip lower in the near term.The technical outlook for PI is mildly bearish as the short-term support is near $0.1687Pi Network (PI) is edging lower on Thursday, threatening a potential bearish breakout below the $0.1700 mark. The rise in selling pressure is likely linked to renewed mainnet migration activity, with over 1 million PI tokens being deposited on centralized exchanges (CEXs), weighing down on the PI token’s price.CEX deposits surge amid renewed mainnet migrationPi Network is experiencing increased selling activity as investors transfer their PI tokens to exchanges after completing their Know Your Customer (KYC) verification.PiScan data reveals that over 36 million PI tokens were migrated to the mainnet in the past four days, coinciding with the 26.20 million PI tokens unlocked from Pi Core Team wallets. Simultaneously, Pi-supporting exchanges saw an influx of 1.15 million tokens, indicating that large holders are reducing their exposure amid the option for an exit.Technical outlook: PI risks deeper correction below $0.1700The PI/USD 4-hour chart is bearish and efficient. At press time, Pi Network is trading around $0.1700, with a bearish near-term outlook. The PI token remains well below the 50-period Exponential Moving Average (EMA) at $0.1739 on the 4-hour chart, as well as the 100- and 200-period EMAs, which are clustered between $0.1750 and $0.1767. These moving averages, combined with the downward trendline, form a dense resistance zone that limits any upward movement.The price is approaching the May 12 low of $0.1687, which has served as a base for short-term consolidation. The token is trapped within a descending wedge pattern, indicating that the current structure leans bearish. Additionally, the Relative Strength Index (RSI) is hovering near 40, slipping below the midline, while the Moving Average Convergence Divergence (MACD) line and its signal line remain marginally below zero, signaling that downside momentum is still in control.If the bulls regain control, initial resistance lies near the 50-period EMA and the downward trendline break area around $0.1739. PI/USD 4H ChartHowever, if the selloff persists, immediate support is loosely defined around the $0.1700 region, close to the May 12 low at $0.1687. A clear break below this level could open the door to fresh lows on the 4-hour chart, especially as the broader structure remains capped by the overhead moving averages and trendline resistances.The post PI faces increased selling pressure, risks further decline below $0.1700 appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/7XCfse2

Key takeawaysBitcoin has dipped below $80,000 after being rejected by the key 200-day EMA supply zone.US-listed spot ETFs recorded an outflow of $635 million on Wednesday.Bitcoin (BTC) fell below $80,000 on Thursday after failing to overcome a key overhead supply area earlier this week. The pullback is attributed to fading institutional demand, with spot Exchange Traded Funds (ETFs) experiencing significant outflows, as well as a surge in traders’ profit-taking activity, increasing selling pressure on the leading cryptocurrency.Highest single-day ETF outflow in three months signals weakening institutional demandInstitutional demand for Bitcoin has weakened, with spot ETFs recording a massive outflow of $635.23 million on Wednesday, the highest single-day withdrawal since the end of January. According to CoinGlass data, this marks the second consecutive day of withdrawals this week. If outflows persist or intensify, Bitcoin’s price correction could continue, further amplifying the bearish pressure.Profit-taking among Bitcoin holders has surged, further adding to the selling pressure. CryptoQuant’s weekly report highlights that 14,600 BTC were realized in daily profits on May 4, the highest figure since December 10. The 37% rally from the April lows has brought Bitcoin holders back into profitable territory, triggering a wave of selling. This kind of behavior typically precedes further price declines, as traders capitalize on their gains.Bitcoin price forecast: BTC could dip below $79,000Bitcoin is trading at $79,458 on Thursday, having faced rejection from the overhead supply zone. The cryptocurrency has corrected for three consecutive days this week but is still holding above the 50-day and 100-day Exponential Moving Averages (EMAs), which are clustered just under $76,800. Despite this, Bitcoin remains capped below the 200-day EMA at $81,986 and the key 61.8% Fibonacci retracement at $83,437.While the broader uptrend remains intact, the technical outlook suggests a cautious approach. The Relative Strength Index (RSI) hovers in the mid-50s, indicating a mild bullish bias, but the Moving Average Convergence Divergence (MACD) line is still in negative territory, hinting at tentative upside momentum.If the bearish trend persists, immediate support is found at the 50% Fibonacci retracement level around $78,962, followed by the 100-day EMA at $76,756 and the 50-day EMA at $76,479. If selling accelerates, further support lies at the 38.2% Fibonacci retracement near $74,487 and the broken upward trendline around $70,171.BTC/USD 4H ChartOn the upside, bulls need to clear the 200-day EMA at $81,986 to ease immediate pressure. Resistance then emerges at the 61.8% Fibonacci retracement at $83,437 and the horizontal barrier near $84,410. A daily close above this level would strengthen the case for a renewed push toward the January highs of $97,924.The post Bitcoin struggles below $80,000 amid institutional withdrawal appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/kNJdwmr

Key takeawaysQuant (QNT) extends its rally toward $80, supported by rising whale and retail demand. A breakout above the $80 resistance could set the stage for a potential rise toward $100. Quant (QNT) has extended its recent gains towards the $80 mark on Thursday, testing the potential breakout from a long-standing resistance trendline. The cryptocurrency’s bullish technical outlook is supported by rising leverage-based activity from large wallet investors, or whales, with a daily close above $80 paving the way for a possible rally toward the $100 target.Whale and retail demand fuel Quant’s steady recoveryQuant’s steady short-term recovery is being driven by growing demand from both retail and large-wallet investors. CryptoQuant data reveals an increase in the average order size of executed orders in the leverage market, indicating heightened whale activity. Additionally, the 90-day cumulative volume difference between buy and sell orders reflects a clear buy dominance, further supporting bullish sentiment.CoinGlass data shows that QNT futures Open Interest (OI) has surged to $17.61 million, up significantly from $16.96 million on May 1. This steady recovery in QNT futures is now approaching the peak of $38.27 million reached on September 21, indicating continued investor interest and positive market sentiment.Technical outlook: Will Quant reach $100?The QNT/USD 4-hour chart is bullish as Quant is up by 7% in the last 24 hours. It is currently trading at $78, above the 200-day Exponential Moving Average (EMA) near $77.52. The Moving Average Convergence Divergence (MACD) histogram is positive, with the MACD line crossing above its signal and both moving above zero, signaling strong bullish momentum. The Relative Strength Index (RSI) hovers around 64, indicating firm bullish momentum, though edging closer to overbought territory as price approaches higher resistance levels.If the rally continues, a decisive close above the descending trendline break level near $77.89 would confirm a breakout from the triangle pattern on the daily chart. Such a breakout could pave the way for a rally toward the $88.30 swing high, followed by the 127.2% Fibonacci extension level at $101.14.QNT/USD 4H ChartHowever, if the bears regain control of the market, they would encounter initial support at the 50-day EMA near $72.03. A deeper pullback would target the 50% retracement level around $68.79, with further support found at the former rising trendline region near $67.86 and the 38.2% retracement near $66.86.The post Quant (QNT) extends gains toward $80, testing breakout resistance appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/bEcPVIB

Fresh selling risks sending HBAR price down 20% to $0.070 support.HBAR could mirror Bitcoin’s path before a rebound.Technical indicators are mixed, pointing at a bounce to $0.12-$0.15.Hedera (HBAR) price faces new downside pressure as selling intensifies across the cryptocurrency market.The price has slipped nearly 1% over the past 24 hours to trade around $0.092, with daily trading volume dropping 13%.This decline below the psychological $0.10 mark pushes HBAR further from last week’s highs, even as altcoins mirror a broader risk asset downturn.As such, and despite growing enterprise adoption and network usage, short-term price action suggests further downside risks ahead.Could Hedera price fall another 20%?Cryptocurrencies are positioning for a potential sustained uptick, but macroeconomic headwinds and geopolitical tensions could trigger deeper corrections before any rebound materializes.HBAR appears poised to echo Bitcoin’s recent trajectory, where a retest of critical support levels often precedes recovery.Analysts warn of a possible 20% slip from current levels, targeting the $0.072 zone.This is a familiar floor where prices have bounced robustly in prior retests.Notably, the bearish scenario for HBAR stems from renewed selling pressure amid global uncertainties.Elevated US inflation readings have triggered fresh jitters among traders, with BTC slipping from recent highs.On-chain data reveals increased transfers to exchanges, signaling profit-taking by short-term holders.If selling persists, HBAR could test $0.075-$0.070 support, which could represent a 20% drop from current levels near $0.092.HBAR price technical outlookHedera’s short-term chart structure leans bearish, with HBAR testing the 50-day exponential moving average (EMA).Prices have formed lower highs since the recent rejection at the $0.11 peak.Hedera HBAR Price ChartHedera HBAR price chart by TradingViewMeanwhile, the relative strength index (RSI) hovers near 50 on the daily timeframe, but is sloping to indicate potential drop towards oversold conditions.If the bullish divergence fails to hold for an immediate reversal, weak conviction among buyers could send HBAR towards $0.075-$0.070.The drop could mark about 20% in further declines for the altcoin.However, the broader technical setup points to accumulation rather than an outright slip into a bearish breakdown.HBAR holding above the $0.090 level could strengthen this outlook.In that case, upside targets would emerge, initially at $0.12, then $0.15.Hedera’s resilience amid a potential Bitcoin rally could aid this upward move.A boost from crypto fund demand will help the token’s price.Net inflows into Canary’s spot Hedera ETF have increased, with the product seeing just one trading day of net outflows since its debut in October 2025.The post Hedera price forecast: HBAR risks 20% dive amid fresh selling appeared first on CoinJournal.

via CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison https://ift.tt/YZXlKmB