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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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XRP surged to intraday highs near $1.55 on renewed optimism.Senate Banking Committee approved the Digital Asset Market Clarity Act in a 15-9 vote.XRP price could target a breakout as the market cheers the regulatory milestone.XRP price rose to near $1.55 on Friday as the cryptocurrency market cheered the Senate Banking Committee’s passage of the Digital Asset Market Clarity Act.Other crypto assets also notched gains, with Hyperlquid, Flare, and XDC Network leading the top 100 coins by market cap.Bitcoin also reclaimed the $80,000 level, with intraday highs coming as major altcoins held key levels.CLARITY Act approval buoys cryptoThe US Senate Banking Committee approved the bipartisan Digital Asset Market Clarity Act in a 15-9 vote, marking a significant step toward comprehensive crypto market structure legislation.The measure will now move to a procedural merger with a similar bill in the Senate Agriculture Committee, advancing the legislative pathway for federal regulation of digital assets.Senate Banking Committee Chairman Tim Scott engineered a last-minute maneuver to accept amendments he had previously rejected, winning over two Democratic senators after several hours of partisan debate.While the legislation addresses a range of market structure issues, lawmakers and stakeholders acknowledged outstanding questions.These include provisions related to law enforcement access and ethics safeguards.Market participants nonetheless received the vote as a positive signal, interpreting it as the first major bipartisan movement on crypto market structure in months and a reduction of regulatory uncertainty ahead of a full Senate consideration.Why could XRP price explode?Ripple’s token XRP has struggled to climb above $1.50 in recent weeks, but tested the level late Thursday with an intraday surge to near $1.55.While this aligned with broader market gains, the uptick largely reflected exuberance from the “XRP Army”, which views the regulatory tailwind as a major boost to the cryptocurrency.The cryptocurrency traded around $1.47 early Friday.🚨 JUST IN: The CLARITY Act has officially cleared the U.S. Senate Banking Committee, pushing ripple:native one step deeper into the U.S. federal regulatory process. 🇺🇸For ripple:native, what happens next:1. The CLARITY Act now moves beyond the Senate Banking Committee and… https://t.co/VXiaHuH47o pic.twitter.com/r8HgVcSCBs— RippleXity (@RippleXity) May 14, 2026XRP’s retest of the $1.50 level comes amid signs of renewed whale accumulation, with on-chain data showing growth in large-wallet holdings and rising concentration among long-term holders.On-chain data indicates that this cohort holds a combined 45.83 billion XRP tokens, the biggest haul since May 2018.A more definitive market-structure framework could ease compliance burdens and encourage fresh adoption of Ripple’s payment solutions, a dynamic that might translate into accelerated demand for XRP.Risk remains though, with the path to the final vote including further legislative negotiations and potential amendments that might delay enactment into law.Changes could also dilute near-term benefits for market participants. Nevertheless, analysts view the regulatory backdrop as one that could support sharper price moves.The token’s price was roughly 5% up in the past week, but it has witnessed a 20% drawdown year-to-date and hovers 61% from its all-time peak.The post XRP nears $1.50 as Senate crypto vote and whale buying fuel fresh optimism appeared first on CoinJournal.

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XDC climbed over 10% to surpass $0.037 on May 15, reaching its highest level since early March.Catalysts include potential DTCC integration and Bitcoin rally.The technical picture highlights resistance at $0.040.XDC Network price climbed double digits to above $0.037 on May 15, with the uptick pushing the token’s value to its highest level since early March.XDC now hovers near the key resistance line formed since late January 2026, but can it go higher?XDC edges higher as market sentiment improvesAs noted, XDC rallied sharply on May 15, rising more than 10% intraday as buyers re-entered the market.The move lifted the token to levels not seen since early March, placing it directly beneath a horizontal supply zone near $0.040.Trading volumes rose alongside the advance, signalling conviction among participants who are testing whether the late-January resistance can be turned into support.But why did the XDC Network price surge in the past 24 hours?The XDC rally coincides with broader strength in the crypto market, led by Bitcoin’s reclaiming of the $80,000 mark.That recovery prompted many altcoins to retrace losses they incurred during a macro-driven sell-off this week, creating a risk-on backdrop that supported XDC.Beyond market-wide tailwinds, several project-specific catalysts likely have recently helped to amplify demand.This includes the potential adoption as a key digital asset of the Depository Trust & Clearing Corporation.DTCC, debuting trading in July ahead of full-scale launch in October 2026, has ignited interest in XDC alongside XRP, Chainlink, Quant, and Hedera (HBAR).While XRP gains momentum as the top token for institutional post-trade settlement, XDC looks to stand out as the primary rail for tokenized bills of lading and letters of credit. XDC’s Contour acquisition, completed in 2025, cements this outlook.XDC Network price forecastThe latest gains have pushed XDC price further from a descending wedge pattern that had compressed price action since late January.Bulls are now confronting a horizontal supply zone around $0.040, which also aligns with the 200-day exponential moving average (EMA).XDC Network Price ChartXDC Network price chart by TradingViewA decisive break and daily close above this level would likely confirm bullish momentum and could open up fresh bids around the $0.046-$0.052 supply zone.The area marks the range that corresponds to prior congestion and could be the next resistance cluster.However, bulls must first hold the recently breached $0.037 level. Failure to do so would raise the probability of a pullback to the 100-day EMA near $0.033.On heavier selling, February’s lows near $0.029 become a plausible target for short-term sellers seeking to reassert control.The post XDC Network price outlook: Can bulls go higher as $0.037 breaks? appeared first on CoinJournal.

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Zcash price fell to intraday lows of $532 after surging above $570.Over $5.1 million in Zcash futures positions were liquidated in the last 24 hours.Bullish case remains if buyers hold $500, but a breakdown could push ZEC toward $370.Zcash (ZEC) fell back below the $550 level on Friday morning, trading near $530 as profit-taking emerged across the broader cryptocurrency market.The pullback has coincided with elevated activity in derivatives markets, which analysts say suggests traders are still adjusting leverage and positioning following the token’s recent rally.Zcash price drops below $550Market data shows Zcash (ZEC) has declined over the past 24 hours, falling to intraday lows near $532.The pullback follows a strong rally that pushed the token above $570 on Thursday, May 14.The earlier gains came after The Wall Street Journal published an article comparing Bitcoin and Zcash, a development that Grayscale said “feels like one of those moments” that often precedes a surge in broader investor interest.For $BTC, many early adopters trace their conviction to a single @WIRED piece in Nov 2011.Today's WSJ article on @Zcash $ZEC feels like one of those moments.Grayscale Zcash Trust (Ticker: $ZCSH) is the only pure-play and publicly traded @Zcash $ZEC fund in the world. Read…— Grayscale (@Grayscale) May 14, 2026While daily volume profiles show a modest decline, spot trading volume for Zcash (ZEC) remained near $256 million, while futures volume exceeded $2.7 billion.The figures suggest speculative activity remains elevated. Data from CoinGlass shows that more than $5.1 million in Zcash futures positions were liquidated over the past 24 hours.Despite the liquidations, open interest stands at about $978 million, although this is significantly lower than the $1.52 billion recorded on May 9.Analysts say the decline points to traders continuing to reassess leverage and overall risk exposure.​Zcash price forecast​Price action over recent weeks saw ZEC climb to a high of $642, extending Zcash’s dramatic recovery from lows of $317 reached on April 29.That relief rally followed deeper losses earlier in the year, when the privacy-focused token tested support near $185 as the crypto market sell-off intensified on Feb 5.Thursday’s intraday dynamics illustrated the token’s sensitivity to momentum: a nearly 10% surge above $570 was later pared by a 4% decline from those intraday highs, culminating in the pullback under $550.Zcash ZEC Price ChartZcash price chart by TradingViewDespite the short-term pullback, the technical and fundamental picture remains bullish.The recovery from April’s low and the subsequent climb toward the $640 area suggest investor interest in privacy coins.Zcash’s recent progress on Quantum Recoverability is contributing to renewed attention.If bulls defend the $500 level and broader market momentum persists, ZEC has a plausible path to revisit previous resistance above $700. Buyers may look to accumulate on dips.​However, failure to hold $500 could expose ZEC to a deeper correction.A break below that pivot would likely open targets near $450, with a further decline toward $370 possible.The sizable reduction in open interest from early May reduces the immediacy of a leveraged squeeze higher. But this leaves room for renewed volatility should traders re-enter with elevated positions.The post Zcash price dips after surge, but bullish momentum remains intact appeared first on CoinJournal.

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Key takeawaysSui is down 10% on Friday, extending its decline for the fifth consecutive day.The technical outlook for SUI is bearish, with a risk of a steeper decline toward $1.00.Sui (SUI) is down roughly 10% on Friday, continuing a five-day decline this week as retail interest in the token wanes. The broader market is shifting focus away from underperforming layer-1 assets, and technical indicators suggest a potential double-digit drop toward $1.00.Weakness in derivatives signals sell-side dominanceSUI is also losing traction in the derivatives market. According to CoinGlass, SUI futures Open Interest (OI) fell 10.5% over the past 24 hours to $727.97 million, reflecting a reduced notional value of outstanding contracts. In the same period, $7.2 million in positions were liquidated, with $7. million coming from long positions—indicating strong sell-side pressure.Technical outlook: Will SUI drop below $1?The SUI/USD 4H chart is bearish and efficient as Sui is down by 10% in the last 24 hours. At press time, SUI is trading below the 50-period Exponential Moving Average (EMA) at $1.1558 and the lower Bollinger Band at $1.1442, showing short-term bearish bias. The token remains above the 200-period EMA at $1.0270, suggesting that the broader recovery structure is still intact despite waning momentum.Momentum indicators indicate that the bears are still in play. The Relative Strength Index (RSI) has slipped to 46, below the midline, while the MACD histogram remains in negative territory, implying that rebounds may face persistent selling pressure.If the bearish trend persists, the bulls would encounter the first support at the 200-day EMA at $1.0270 and the 78.6% Fibonacci retracement at $0.9972.A daily close below this level could see SUI approach the prior cycle low near $0.8815.SUI/USD 4H ChartHowever, if the bulls regain control, SUI could rally towards the first resistance level at $1.2171. An extended rally could see SUI hit the upper Bollinger Band near $1.2900, and the 23.6% Fibonacci retracement at $1.2947.SUI’s technical structure shows deteriorating momentum, and traders should monitor both spot and derivatives markets for signs of further downside or potential relief rallies.The post Sui (SUI) extends losses amid weak retail demand appeared first on CoinJournal.

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Key takeawaysPi Network extends losses on Friday as a 50-period EMA caps short-term recovery attempts.The token could drop below the $0.1600 if the bearish trend persists. Pi Network (PI) extended losses on Friday, risking a bearish breakout from its short-term consolidation on the 4-hour chart. The token remains capped by the 50-period Exponential Moving Average (EMA) at $0.1733, limiting recovery despite the recent launch of vibe coding features within the Pi ecosystem.Vibe coding features aim to boost ecosystem developmentThe Pi Network has introduced vibe coding tools for developers, enabling the conversion of AI-assisted apps—from platforms like Codex, Claude Code, Replit, Cursor, and Lovable—into Pi Apps. This integration could reduce app development time and strengthen the ecosystem, which boasts over 60 million engaged users.Technical outlook: correction pressure persistsThe PI/USD 4-hour chart remains bearish and efficient as PI is down by more than 2% in the last 24 hours. PI is currently under a corrective bias, capped by the 50-period EMA at $0.1733 on the 4-hour chart and the 200-period EMA at $0.1771. The pair also sits below a nearby downtrend resistance line around $0.1741, reinforcing the upside barrier.If the bulls regain control, initial resistance would be seen at the 50-period EMA at $0.1733 and the 200-period EMA at $0.1771 cap short-term upside. A nearby downtrend resistance line around $0.1741 adds to the barrier.The momentum indicators also suggest that the bears are still in control.  The Relative Strength Index (RSI) sits at 45, below the midline, signaling persistent selling pressure. The MACD remains near-flat, suggesting weak, consolidative momentum rather than a decisive rebound.PI/USD 4H ChartHowever, if the bearish trend persists, immediate support would emerge at the S1 Pivot Point at $0.1645.Pi Network’s short-term outlook remains cautious, and traders should monitor both EMA and trendline levels for signs of a breakout or deeper correction.The post PI faces corrective pressure as token struggles below $0.17 appeared first on CoinJournal.

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Key takeawaysRipple (XRP) tests support at $1.43 amid selling pressure from the $1.50 supply zone. Institutional ETF inflows rebound to $1.37B, while futures open interest rises to $3.09B, signaling cautious optimism. Ripple (XRP) is grinding lower on Friday, testing key support at $1.43 after being capped by strong selling from the $1.50 supply range since Monday. Despite the US Senate Banking Committee advancing the Digital Asset Market Clarity Act of 2025 (Clarity Act) on Thursday, overall market sentiment remains constrained amid a cautious recovery outlook.XRP addresses in profit tick upThe proportion of XRP addresses with unrealized profit rose to approximately 65% on Thursday, up from 63% the previous day, coinciding with the token’s test of $1.50 resistance. This reflects a modest increase in risk-on sentiment, though traders should remain wary of potential profit-taking in a fragile technical environment.Institutional flows into XRP spot ETFs rebounded sharply, with nearly $19 million in fresh inflows on Thursday. Cumulative ETF inflows now total $1.37 billion, while average net assets under management rose to $1.25 billion from $1.14 billion.Retail participation in XRP derivatives also continues to grow. Futures Open Interest (OI) averaged $2.97 billion on Friday, up from $2.90 billion, signaling rising conviction among traders in XRP’s potential to extend an upward trajectory.Technical outlook: consolidation within the corrective phaseThe XRP/USD 4-hour chart is bearish and efficient as XRP has lost lost 2.5% of its value in the last 24 hours. XRP trades at $1.43, holding a neutral to mildly constructive bias.It is trading above the 50-day Exponential Moving Average (EMA) at $1.42 while remaining capped beneath the 100-day EMA at $1.49 and the 200-day EMA at $1.70. This configuration suggests an ongoing consolidation within a broader corrective phase.If the bears stay in control, immediate support will emerge at the 50-day EMA around $1.42, with a rising trendline near $1.39 providing a stronger floor. A daily close below $1.39 could expose deeper losses.However, if the bulls push harder, they would encounter initial resistance at the 100-day EMA at $1.49. A sustained break above this level would open the path toward the 200-day EMA near $1.70, where broader bearish pressure would be challenged.XRP/USD 4H ChartThe momentum indicator suggests that the bears are slowly regaining control. The Relative Strength Index (RSI) is at 51, and the MACD histogram is slightly positive, indicating limited directional conviction rather than a strong impulsive move.XRP’s price action suggests ongoing consolidation within a corrective phase, with both buyers and sellers vying for control around critical EMA levels.The post Ripple (XRP) tests $1.43 support amid mixed market sentiment appeared first on CoinJournal.

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