Short squeezes and $11 million liquidations fueled the rapid Audiera (BEAT) price spike.Weekly burns and $2.9 million revenue added strong narrative support.$7.50 support is key, break below risks move toward $6 or lower.Audiera (BEAT) has become one of the most talked-about tokens in the digital asset market after recording an explosive move that pushed its price from below $1 levels earlier in the month to a recent high near $9.2053 on MEXC.At its current trading range around $9.0708, the token is up more than 61% in a single day and has gained over 1,400% across the monthly timeframe.The scale and speed of this move have placed BEAT among the strongest-performing crypto assets.What is Audiera (BEAT)?Audiera is a blockchain-based entertainment project built around music creation, rhythm gaming, and AI-powered content tools.The ecosystem is designed to merge interactive gaming experiences with digital music production and on-chain ownership of assets such as NFTs.The BEAT token acts as the central utility asset within this environment, and it is used for in-game transactions, creator rewards, subscription access, governance voting through staking mechanisms, and participation in platform-driven rewards.The project also introduces AI agents designed to assist with music generation and user interaction inside the ecosystem.Why has BEAT surged more than 1400% in a month?The BEAT price has not been driven by a single factor.Instead, it has developed through a combination of derivatives activity, market positioning, and ecosystem-related developments that aligned at the same time.1. A major short squeeze in derivatives marketsOne of the strongest drivers behind the price surge has been a large-scale short squeeze.As BEAT’s price moved sharply higher, over $11 million in short positions were liquidated across derivatives exchanges.These forced buybacks created additional upward pressure, accelerating the price movement.During the same period, open interest rose by approximately 35.44% to around $303.5 million.This indicates that leveraged positions were actively being built even as volatility increased, creating conditions for further liquidation cascades.The combination of rising open interest and forced liquidations created a feedback loop where buying pressure was not entirely organic but heavily influenced by leveraged market structure.2. BEAT token burn mechanismAudiera is currently conducting a weekly token burn of 770,545 BEAT, funded by approximately $2.9 million in platform revenue.$BEAT Revenue & Burn Update 🔥Jun 1 – Jun 8, 2026🔥 770,545 $BEAT burned
📈 772,045 $BEAT weekly revenue (2,866,231 USDT)Total burned: 12,353,034 $BEAT
Over 12.35M $BEAT permanently removed from circulation.1 $BEAT = 3.712 USDT (Jun 8, 2026)Burn tx:… pic.twitter.com/ttaXnW5uui— Audiera🟣🎵 (@Audiera_web3) June 8, 2026This burn mechanism aims at reducing the circulating supply over time and is part of the broader narrative surrounding demand and deflationary pressure within the ecosystem.Audiera (BEAT) price forecastBEAT’s current structure shows a market that is still heavily influenced by leverage-driven flows and short-term momentum trading.The key technical level for traders to watch is $7.50, which previously acted as resistance and has now become an important support zone.As long as BEAT holds above $7.50, price action may continue consolidating within a wide range while volatility remains elevated.Sustained stability above this level keeps the structure intact for potential continuation attempts toward the $9.40 region, where previous highs were established.A breakout above the $9.40–$9.50 zone would place price discovery back into play, with extensions historically projected toward the $15 area based on prior momentum cycles.However, seeing that the RSI is heavily oversold at 97.16, we could see a pullback as the market cools after the massive rally.Audiera (BEAT) price analysisIf the pullback happens and $7.50 is breached, we could see forced liquidations, which could accelerate a move toward…

Key takeawaysRising supply and weak technical indicators could pressure PI toward key support at $0.1184. Around 16 million PI tokens are set to be unlocked on Thursday, with another 14.8 million becoming eligible for mainnet migration on Friday, potentially increasing selling pressure. Pi Network (PI) traded lower on Thursday after suffering three consecutive days of losses earlier in the week. The token remains locked in a broader downtrend that has persisted since late April.The recovery faces a significant near-term challenge as millions of new PI tokens are scheduled to enter circulation, potentially increasing selling pressure and limiting upside momentum.Major token unlocks could increase supply pressureAccording to PiScan data, approximately 16 million PI tokens are scheduled to be unlocked on Thursday.A further 14.8 million PI tokens are expected to become eligible for mainnet migration on Friday, adding to concerns about rising circulating supply.The newly unlocked tokens can potentially be transferred to centralized exchanges, increasing the likelihood of additional selling activity.Historically, large token unlock events often create short-term downward pressure as investors gain access to previously restricted holdings.Network activity also points to notable withdrawals among major wallets. PiScan data shows that three of the five largest transactions recorded over the past 24 hours involved the movement of approximately 255,000 PI tokens.PI technical outlook remains bearishAt the time of writing, PI is trading above $0.1250, but the broader technical picture remains weak.The token continues to trade below key moving averages (50-day, 100-day, and 200-day) on the four-hour chart.The clustering of these indicators above the current price suggests that sellers continue to control the broader trend.Technical momentum signals offer little evidence of a strong recovery. The RSI is hovering near 43, indicating weak buying pressure and a lack of strong bullish momentum.The Moving Average Convergence Divergence (MACD) and signal line remain slightly below zero, reflecting ongoing bearish conditions despite the recent rebound.Together, these indicators suggest that any short-term rallies could face difficulty sustaining momentum.If the rally resumes, PI would need to overcome the $0.1299 resistance to enable it to target the higher supply zones at $0.1360 (100-period EMA) and $0.1400.However, if the bearish trend persists, the bulls will need to defend the core support levels at $0.1184 and $0.1000. A break below $0.1184 could expose PI to further downside and potentially trigger a move toward the $0.1000 region.PI/USD 4H ChartWhile Pi Network has managed to stabilize after several days of losses, the combination of weak technical momentum and substantial upcoming token unlocks continues to favor the bears.Unless demand strengthens enough to absorb the incoming supply, the current rebound risks becoming a temporary relief rally, with the recently established $0.1184 support level remaining the critical line to watch in the days ahead.The post PI remains bearish as token unlocks threaten recovery appeared first on CoinJournal.

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Official Trump coin price surges 18%, outperforming the broader crypto market.The rally is driven by Donald Trump’s upcoming birthday on June 14.Key levels to watch include the resistance at $2.20 and the support at $1.80.The Official Trump coin price has seen a sharp move to the upside, climbing about 18% in 24 hours to $2.02.The rally has stood out because the broader crypto market gained only about 1.02%, meaning the token significantly outpaced overall market momentum.Trading activity also picked up significantly, with 24-hour volume surging to roughly $455 million, while futures positioning showed rising interest.This combination of price expansion and elevated participation has placed the Official Trump memecoin back into active focus among short-term traders.Why is the Official Trump coin price rising?The latest surge in the Official Trump coin price is largely being driven by event-based speculation tied to former US President Donald Trump’s upcoming birthday on June 14.Traders have been accumulating positions in anticipation of possible social media activity or announcements around the date, creating a strong narrative-driven rally.This type of trading behaviour has historically been common in meme-driven tokens, where sentiment and timing often outweigh fundamentals.In this case, expectations of increased attention surrounding the birthday event have acted as a short-term catalyst, pushing demand higher across both spot and derivatives markets.Data from recent trading activity supports this view, with spot trading volume increasing by around 149% within 24 hours, while futures open interest also rose by approximately 18%, showing that leveraged positions are actively being added rather than closed.This suggests traders are not only buying the asset outright but are also using derivatives to amplify exposure to the ongoing momentum.Another factor supporting the move is broader speculative sentiment across the cryptocurrency market. Some traders are interpreting strength in meme coins such as the Official Trump coin as an early signal of improving risk appetite.This has led to additional inflows, particularly into high-volatility assets where short-term gains can be more pronounced.Official Trump coin price forecastThe near-term outlook for the Official Trump coin price will likely depend on how it reacts around key technical levels and the upcoming June 14 event window.At present, traders should closely watch $2.20 as the immediate resistance level.This price zone has acted as a ceiling during recent trading sessions, and a clean break above it could open the path toward the next upside target near $2.50.If buying pressure continues and volume remains elevated above the current daily average of roughly $400 million, momentum could extend further as short-term traders follow the breakout structure.In this scenario, price action would likely remain driven by sentiment and event expectations rather than longer-term fundamentals.Official Trump coin price chartOn the downside, the most important support level sits near $1.574. This level has been identified as the threshold that keeps the current bullish structure intact.A failure to hold above this zone could trigger rapid profit-taking, especially if leveraged long positions begin to unwind.The post Here’s why the Official Trump coin price just jumped 18% appeared first on CoinJournal.

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The Dogecoin price sits in a tight range after a recent rebound.Analysts note compression near an apex zone seen before past breakouts.Key levels to watch for the next move are the $0.085 support and the $0.092 resistance.The Dogecoin price is moving within a tight range after several days of mixed momentum, with price action clustering around a level that traders are now watching closely.At the time of writing, DOGE was priced near $0.0886, moving between an intraday low of $0.0857 and a high of $0.0890.Notably, the range has narrowed compared to earlier swings, a structure often described by market participants as price compression.Over the past 24 hours, DOGE has gained about 1.6%, while its short-term trend shows mild strength with a 3.4% increase over the past week.Despite that, the broader picture remains uneven. The meme coin is still down roughly 20% over the past 30 days and nearly 50% over the past year, reflecting a market that has struggled to sustain longer-term upside momentum.Dogecoin price tightens near long-standing support bandThe current trading structure places Dogecoin price in a narrow band between $0.085 and $0.089, an area that has repeatedly acted as both support and resistance in recent sessions.Bulls have consistently stepped in near the lower edge of this zone, particularly around $0.0850–$0.0855, preventing deeper breakdowns.At the same time, upside moves have repeatedly stalled just under $0.089–$0.090, creating a compressed structure where neither buyers nor sellers have gained full control.This tightening range has led analysts to describe the setup as a potential “apex zone,” where volatility typically contracts before a larger directional move.The importance of the $0.085 level has been highlighted by several short-term reactions.Each time the Dogecoin price approached this area, buying pressure returned, pushing DOGE back toward the mid-range near $0.088.On the upper side, resistance around $0.0905 remains a key level that has not yet been convincingly broken.The technical structure mirrors past breakout formationsThe current setup has drawn comparisons to previous Dogecoin price cycles where prolonged compression preceded sharp expansions.In earlier market phases, particularly during the 2020–2021 period, DOGE traded in tightening structures before breaking into extended rallies that pushed the memecoin’s price toward its all-time high of $0.7316, reached on May 8, 2021.A similar pattern is being observed again by technical analysts tracking longer-term formations.Market analysts note that the Dogecoin price recently rebounded from the $0.0850 zone, briefly moving above $0.0870 and reclaiming short-term momentum indicators such as the 100-hour moving average.The resistance identified in the current structure includes $0.0920, which has acted as a rejection point in prior moves.A sustained break above that level would open the path toward $0.0950 and potentially the psychological $0.1000 region, where trading activity typically increases.On the downside, failure to maintain support at $0.0850 could expose lower levels around $0.0820 and $0.0800, zones that previously acted as consolidation areas during earlier declines.Another perspective comes from Tardigrade, who describes DOGE as retesting the apex of a long-term triangle formation.According to Tardigrade, similar compression phases in previous cycles were followed by rapid expansions once the price broke out of the narrowing range.The current retest suggests that volatility has been steadily declining, a condition often associated with breakout setups rather than trend continuation.$Doge/monthly (Heikin Ashi)#Dogecoin just retested the apex of the triangle — and it's ready to send.2017: Triangle compression → Apex retest → Parabolic rally
2020: Triangle compression → Apex retest → Parabolic rally
2026: Triangle compression → Apex retest → ?The… pic.twitter.com/dfQNqMynbE— Trader Tardigrade 🧬 (@TATrader_Alan) June 14, 2026What to watch out forWith DOGE trading near $0.088, the market…

Key takeawaysBTC is up 4% and is now trading above the $66,500 level.The rally comes following reports of a preliminary peace agreement between the United States and Iran.Bitcoin extends recovery following geopolitical breakthroughBitcoin (BTC) has surged above $66,600 on Monday after gaining 4% during the previous week, supported by improving global risk sentiment following reports of a preliminary peace agreement between the United States and Iran.The easing of geopolitical tensions helped lift risk assets across financial markets, providing additional momentum for Bitcoin’s recovery after weeks of heightened uncertainty.However, despite the rebound in price, institutional demand remains under pressure, with spot Bitcoin exchange-traded funds (ETFs) recording another week of net outflows.Investor sentiment improved significantly after officials from both countries signaled progress toward a diplomatic resolution.Iran’s Supreme National Security Council confirmed that Tehran had finalized a Memorandum of Understanding (MoU), stating that military operations across all fronts, including Lebanon, would cease immediately and permanently.On the U.S. side, President Donald Trump announced via Truth Social that he had authorized the reopening of the Strait of Hormuz and the removal of the U.S. naval blockade.Further optimism emerged after Pakistan Prime Minister Shehbaz Sharif stated that the finalized agreement is expected to be signed in Switzerland on Friday.Iranian Deputy Foreign Minister Kazem Gharibabadi also indicated that broader negotiations would continue during a proposed 60-day ceasefire period, with sanctions relief and Iran’s nuclear program expected to be key discussion points.The developments have reduced fears of a wider regional conflict, encouraging investors to rotate back into higher-risk assets such as cryptocurrencies.Institutional demand continues to weakenDespite improving macro sentiment, institutional flows remain a concern for Bitcoin bulls.Data from SoSoValue shows that U.S. spot Bitcoin ETFs recorded net outflows of approximately $315.84 million last week, marking the fifth consecutive week of withdrawals since mid-May.The persistent outflow trend suggests that institutional investors remain cautious, even as broader market sentiment improves.Continued ETF selling could limit Bitcoin’s upside potential and increase the risk of renewed volatility if retail demand fails to offset institutional withdrawals.Bitcoin’s technical outlook shows improving momentumThe BTC/USD 4-hour chart has flipped bullish as Bitcoin’s short-term momentum has improved, but the broader trend remains challenged.BTC is currently trading above key support levels after recovering nearly 4% last week. However, the cryptocurrency remains below its major moving averages and a previously broken ascending trendline, indicating that the larger market structure remains bearish.Momentum indicators are beginning to improve. The Moving Average Convergence Divergence (MACD) has turned positive, while the Relative Strength Index (RSI) has climbed to around 71.While these signals suggest stabilization, they are not yet strong enough to confirm a full trend reversal.If the recovery continues, Bitcoin could surge past the 50-day EMA of $70,704 in the near term. A daily candle close above this level could allow BTC to extend its rally towards the $73,412 (100-day EMA) resistance point. BTC/USD 4H ChartHowever, if the bears regain control, the first major support level sits near $64,004. A break below this area could revive bearish pressure and increase the likelihood of a deeper corrective move despite recent signs of stabilization.For now, Bitcoin remains caught between improving macro sentiment and weakening institutional participation.The post Bitcoin surges above $66,000 as US–Iran peace deal boosts sentiment appeared first on CoinJournal.

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Key takeawaysRipple’s XRP is up nearly 11%, making it the second-best performer among the top 10 cryptocurrencies.The coin could extend its rally past the $1.366 resistance level. XRP approaches $1.30Cryptocurrency markets remained broadly higher on Monday, with Bitcoin (BTC) leading gains as it climbed above the $66,000 mark.The positive momentum extended across major altcoins, with Ethereum (ETH) trading above $1,800 and XRP trading above $1.250. The rally comes as investor sentiment improves following reports that the United States and Iran have reached a preliminary peace agreement aimed at ending hostilities in the Middle East.The easing of geopolitical tensions has encouraged investors to rotate back into risk assets, supporting a broad-based recovery across digital asset markets.Officials from both countries have confirmed progress toward a peace deal that could significantly reduce tensions in the region.Iran’s deputy foreign minister stated on state television that the agreement is expected to be formally signed on Friday. Meanwhile, Tehran’s senior military leadership described the development as a major victory.Although the full details of the agreement have not yet been released, CNN reported that the ceasefire initiated in early April will likely be expanded in both scope and duration, allowing for an additional 60 days of negotiations.One of the most closely watched aspects of the agreement is the potential reopening of the Strait of Hormuz, a critical global shipping route for oil and energy supplies.Iran’s National Security Council announced that the U.S. naval blockade would be lifted immediately under the agreement and that military operations would cease across multiple fronts, including the conflict involving Lebanon.However, geopolitical risks have not entirely disappeared. Reports from Lebanon’s National News Agency indicate that Israel has expanded military operations in southern Lebanon, highlighting that regional tensions remain a factor for global markets.XRP targets the $1.366 resistance levelThe improving geopolitical backdrop has helped strengthen sentiment across the cryptocurrency market.Evidence of this shift can be seen in the Crypto Fear & Greed Index, which rose to 20 on Monday. While the index remains in the “Extreme Fear” zone, the reading marks a notable improvement from 18 the previous day and just 8 a week earlier.At press time, XRP is trading at $1.267, up by nearly 11% in the last 24 hours. The token remains trapped beneath several important technical resistance levels, indicating that sellers continue to dominate the larger trend even as momentum indicators begin to stabilize.Although XRP remains under pressure, some technical signals indicate that downside momentum may be easing.The Moving Average Convergence Divergence (MACD) histogram has turned slightly positive on the daily chart, hinting at the possibility of a developing recovery.However, the Relative Strength Index (RSI) has surged to 77, heading into the overbought territory. For XRP to build a stronger recovery, buyers must overcome several key resistance zones. The first major resistance is at $1.28, the 50-day EMA.A surge above this level could see XRP extend its rally towards higher supply zones at $1.38 and $1.59. XRP/USD 4H ChartOn the downside, XRP’s first major support level sits near the lower Bollinger Band around $1.03.Below that, the psychologically important $1.00 level represents a key demand zone that could attract buyers if selling pressure intensifies.The post XRP rallies 10% as US–Iran peace deal boosts risk appetite appeared first on CoinJournal.

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Key takeawaysBitMine bought 76,881 ETH, raising its holdings to 5.62 million ETH.The company now controls about 4.66% of Ethereum’s circulating supply.ETH is attempting to hold above $1,800 while facing resistance near $1,900. BitMine adds nearly 77,000 ETH to its reserveEthereum treasury company BitMine Immersion Technologies significantly expanded its Ether holdings last week, purchasing 76,881 ETH during a period of weakness in the broader crypto market.The acquisition increased the company’s total Ethereum holdings to 5.62 million ETH, valued at approximately $10.35 billion at current prices. According to BitMine, the position now represents about 4.66% of Ethereum’s circulating supply, moving the firm closer to its stated goal of controlling 5% of the available ETH supply.Despite lowering its average acquisition cost through continued accumulation during the recent market downturn, BitMine still reports unrealized losses exceeding $9 billion on its Ethereum position.In addition to its substantial Ethereum holdings, BitMine disclosed ownership of 204 Bitcoin as well as significant equity investments.The company currently holds 204 BTC, a $180 million stake in Beast Industries, $88 million worth of Eightco Holdings shares, and $502 million in cash and marketable securities.The sizable cash position was largely funded through a recently completed preferred stock offering.BitMine recently closed an offering of 3.5 million shares of its 9.5% Series A Perpetual Preferred Stock at $80 per share.After underwriting fees, commissions, and related expenses, the company generated approximately $273.8 million in net proceeds.Chairman Thomas Lee described the offering as a strategic move to diversify the company’s balance sheet while maintaining its aggressive Ethereum accumulation strategy.“The Series A Preferred Stock offering is good balance sheet diversification for BitMine,” Lee said in a statement. He added that projected annual staking rewards of roughly $219 million are expected to provide recurring cash flow to support dividend obligations associated with the preferred shares.Ethereum technical outlook: Bulls target a break above $1,800The ETH/USD 4-hour chart is bullish as Ethereum is currently attempting to stabilize after rebounding sharply from levels below $1,600.While short-term momentum indicators have improved, the asset remains constrained by several layers of overhead resistance.The Relative Strength Index (RSI) has recovered toward the 67 level, while the Stochastic oscillator continues to move higher, signaling improving momentum but not yet confirming a sustained bullish trend reversal.If the rally persists, immediate resistance is located near $1,909. Additional supply zones are positioned around $2,018 and $2,107, followed by further resistance at $2,211.Should bullish momentum strengthen, Ethereum could eventually target higher resistance levels near $2,388 and $2,746.ETH/USD 4H ChartHowever, if the bears regain control, traders are closely monitoring whether ETH can maintain daily closes above $1,806. The next major support lies near $1,741.A breakdown below that level could expose Ethereum to deeper support zones around $1,524 and $1,404, while $1,155 remains a key long-term support level if broader market conditions deteriorate.The post Ethereum tops $1,800 as BitMine boosts holdings to 5.62 million ETH appeared first on CoinJournal.

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Key takeawaysXLM is up 12% in the last 24 hours, outperforming the broader crypto market.The rally comes as Open Interest hits $261 million. XLM extends weekly gainsStellar’s XLM attracted renewed buying interest on Tuesday after posting strong gains at the start of the week. XLM surged over 11%, bringing the asset closer to key resistance levels that could determine the next phase of its price action.Supporting the rally are improving derivatives and on-chain metrics, including rising open interest, increasing trading volumes, and positive funding rates, all of which point to growing market participation and strengthening bullish sentiment.Data from CoinGlass shows a notable increase in derivatives activity for both cryptocurrencies.XLM’s open interest climbed to $261 million. Rising open interest is generally viewed as a sign that new capital is entering the market and that traders are increasing exposure to the assets.The increase suggests investors are positioning for further upside as momentum improves across the broader crypto market.Funding rates have also shifted in favor of bulls. CoinGlass data shows that XLM’s funding rate reached 0.0061% on Tuesday.Positive funding rates indicate that long-position holders are willing to pay a premium to maintain bullish bets, often reflecting growing confidence in higher prices.On-chain activity provides additional support for the bullish outlook. According to Santiment, Stellar’s trading volume is climbing to $879.25 million from just $153 million over the past few days.The sharp rise in activity suggests renewed investor interest in the XLM ecosystem as prices recover from recent lows.Stellar technical outlook: Momentum continues to improveXLM is trading near $0.227 on Tuesday, maintaining a constructive technical setup after rebounding from last week’s correction.The token remains above a key support zone formed by the 61.8% Fibonacci retracement level near $0.200 and the 200-day EMA around $0.199. Additional support comes from the 50-day and 100-day EMAs at $0.185 and $0.182, respectively.The RSI is currently near 71, indicating healthy momentum without entering overbought territory. Meanwhile, the MACD continues to trend higher, signaling that bearish pressure is gradually weakening.If the rally persists, immediate resistance is seen at the $0.237 level, with an additional supply zone at the $0.260 region. However, if the bearish trend returns, immediate support is located at the $0.200 psychological level.XLM/USD 4H ChartA daily candle break below this level could expose further demand zones at $0.185 and $0.177 in the near term. A breakout above $0.237 could pave the way for a stronger move higher, while holding above the $0.200 support zone remains crucial to preserving the current bullish structure.The post Stellar rallies as rising OI and trading volume signal growing bullish momentum appeared first on CoinJournal.

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Real Finance launches REAL Competition for the $ASSET ecosystem.Users can earn points by trading, staking and holding $ASSET.A $3400 raffle pool gives more community members a chance to win.Real Finance has launched the REAL Competition, a community rewards campaign aimed at increasing participation across the $ASSET ecosystem.The Sofia-based company said the campaign will allow users to earn points through trading, staking and holding $ASSET, with top participants eligible for up to $20,000 in USDC rewards.The competition also includes an additional raffle prize pool, broadening the reward structure beyond the highest-ranked users.Real Finance said the campaign is designed to recognise sustained on-chain engagement rather than simply rewarding short-term trading volume.Points system targets wider ecosystem activityThe REAL Competition introduces a points-based model that tracks qualifying activity involving $ASSET.Participants can earn points by trading, staking and holding the token, with all activity monitored on-chain through the competition dashboard.The structure is designed to give users multiple ways to participate.Active traders can build points through qualifying transactions, while long-term holders and stakers can also improve their standing through sustained participation.Real Finance said participants will move through a 13-level rewards structure during the campaign.This approach marks a shift from conventional trading competitions, which often focus mainly on volume.By including staking and holding activity, the REAL Competition is intended to reward broader involvement across the $ASSET ecosystem.Leaderboard rewards backed by raffle prizesThe campaign’s main prize structure includes fixed rewards for the top-ranked participants, with total rewards of up to $20,000 in USDC available through the competition.Real Finance will also distribute rewards through a broader pool based on final point totals.This means participants outside the highest leaderboard positions may still be eligible for rewards, depending on their accumulated score.In addition, the company said it will offer a separate raffle reward pool worth $3,400.The raffle is designed to give more community members a chance to win prizes, even if they do not finish among the top-ranked participants.“The REAL Competition is designed to reward meaningful participation across our ecosystem,” said Ivo Georgiev, CEO of Real Finance.Whether users are actively trading, staking for the long term, or steadily building their position in $ASSET, we want to recognize the community members helping drive the growth of the network. By combining leaderboard rewards with raffle prizes, we’re creating opportunities for a broader range of participants to benefit from the campaign.Campaign to run over coming monthsParticipants can join the REAL Competition by connecting a supported wallet and completing qualifying $ASSET transactions or staking activities.Real Finance said users will be able to track their points, leaderboard ranking and unlocked multipliers through the campaign dashboard.The company said the competition is now live and will run through the coming months, with rewards to be distributed after the campaign concludes.The REAL Competition is scheduled to go live at 11 AM UTC.The post Real Finance puts $20,000 up for grabs in new $ASSET rewards campaign appeared first on CoinJournal.

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Hyperliquid (HYPE) holds a strong uptrend with all major EMAs stacked bullish.HYPE price is testing $75.62 resistance after the recent all-time high move.RSI neutral at 62, leaving room for a continued momentum move.HYPE has remained one of the strongest-performing digital assets in recent weeks as growing activity on the Hyperliquid ecosystem continues to attract attention across the crypto market.The token recently climbed to a new all-time high of $76.70 before pulling back slightly to around $72.50 at the time of writing.Despite the retracements, HYPE is still up more than 30% over the past seven days and more than 52% over the last month.The rally comes at a time when Hyperliquid is reporting record levels of trading activity, revenue generation, and derivatives market participation.Hyperliquid revenue growth continues to accelerateHyperliquid’s revenue growth has emerged as one of the biggest talking points surrounding Hyperliquid in 2026.Hyperliquid open interestThe platform has generated more than $1.16 billion in cumulative revenue, placing it among the highest-earning crypto protocols in the market.The growth has been driven by rising trading volumes across its perpetual futures markets, which have attracted both retail traders and large institutional participants.Notably, trading activity has remained strong throughout the year, with the DEX recording approximately $1.38 billion in 24-hour trading volume, while total value locked on the platform has climbed to roughly $6.38 billion.The strong revenue figures are particularly notable because they come as Hyperliquid continues expanding beyond its original crypto-native derivatives business, with new markets tied to equities, commodities, indices, and pre-IPO assets broadening the platform’s reach and creating additional sources of trading activity.Hyperliquid’s open interest surpasses $6 billionAnother major milestone arrived when Hyperliquid’s total open interest crossed $6 billion on June 14.This places Hyperliquid among the largest perpetual futures venues globally and highlights the platform’s growing influence within the derivatives market.Earlier in the year, Hyperliquid controlled around 8.3% of global perpetual futures open interest, demonstrating how quickly it has gained market share against established competitors.HYPE price outlookWhile the Hyperliquid price action has cooled slightly from its recently reached all-time high, the broader structure still points to a market that is holding a strong upward trend rather than reversing it.On the technical side, the short-term setup remains firmly positive.A majority of the technical indicators are bullish.Oscillators are showing a buy bias, while moving averages are fully aligned on the upside.The token is trading above all major daily exponential moving averages (EMAs), including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs.Hyperliquid price chartThis type of full EMA stack typically reflects sustained trend control by buyers rather than short-lived momentum.The RSI (14) sits at 62, which places it in neutral territory with a slight upward tilt.The RSI is not in overbought conditions, meaning there is still technical room for continuation if momentum returns.However, price is now approaching a key decision area, and a daily close above the first major resistance at $75.62 would be required for HYPE to enter the next phase of price discovery.But if the market becomes overbought and pulls back, the key structural support is positioned at $56.50.A break below $56.50 would represent a meaningful shift in the current bullish structure.The post HYPE price outlook: Hyperliquid revenue crosses $1.16B as open interest tops $6B appeared first on CoinJournal.

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Legacy Aztec Network contracts were drained of over $4M in three days.Attacks exploited flaws in zero-knowledge proof verification logic.The core Aztec network and AZTEC token were not affected by the exploits.Aztec’s legacy infrastructure has come under a coordinated wave of attacks, leading to losses that crossed $4 million within just three days.The exploits targeted deprecated smart contracts that had already been shut down years earlier but still held on-chain liquidity.Despite being labelled as inactive and immutable, the contracts remained accessible to attackers who exploited weaknesses in zero-knowledge proof verification logic.While the attacks did not affect the current Aztec network or its AZTEC token, they exposed long-standing risks tied to retired DeFi systems that continue to exist on Ethereum without active maintenance or upgrade paths.First breach: Aztec Connect drained of $2.1 millionThe first incident occurred on June 14, when attackers exploited the Aztec Connect protocol, a deprecated privacy-focused bridge that had been officially shut down after its retirement phase.The contract was already considered inactive, yet it still contained residual funds.The attacker managed to drain approximately $2.1 million in digital assets, including around 909 ETH, 270,000 DAI, and 167 wstETH, alongside other smaller holdings.The exploit was linked to flaws in the way rollup proof verification was handled, allowing invalid or manipulated proofs to be accepted as legitimate.What made the situation more critical was the nature of the contract itself.Aztec Connect was described as immutable, meaning it could not be paused or patched once deployed.Even though users had previously been encouraged to withdraw funds before shutdown, the remaining balance became an easy target for exploitation years later.Security teams reviewing the incident pointed to a breakdown in the relationship between zero-knowledge proof validation and on-chain settlement logic.In simple terms, the system accepted proofs that did not correctly match the underlying transaction state, allowing the attacker to trigger unauthorised withdrawals.Second attack: Private Rollup Bridge exploited for $2.15 millionJust three days later, a second exploit hit another legacy system known as the Private Rollup Bridge.This contract was also part of Aztec’s older infrastructure and had been deprecated following the transition away from earlier rollup designs.In this case, attackers drained roughly 1,158 ETH, valued at close to $2.15 million at the time of the incident.The method used was different in execution but similar in technical root cause.Instead of directly manipulating withdrawals through basic proof mismatch, the attacker leveraged a vulnerable “escape hatch” mechanism embedded in the bridge design.By submitting a specially crafted zero-knowledge proof, the attacker was able to trigger the contract’s exit logic.The system incorrectly validated the proof and released funds without proper verification of the underlying state transitions.This allowed the attacker to extract liquidity in a single coordinated sequence.Like the earlier exploit, this breach did not involve private key compromise or reentrancy vulnerabilities.Instead, it highlighted deeper issues in how proof validation was structured in legacy rollup systems, particularly when contracts remain permanently active on-chain after being officially sunset.Response from Aztec and security firmsFollowing both incidents, Aztec Labs and the Aztec Foundation confirmed that the affected systems were deprecated products with no connection to the current Aztec network or AZTEC token ecosystem.The Aztec Foundation was made aware of a potential exploit targeting a deprecated product which occurred on June 17, 2026. There are no links between this product and any smart contracts related to the current network or the AZTEC ERC20 token.The product was deprecated 4 years… https://t.co/kANaIuw8HF— Aztec Foundation (@aztecFND) June 18, 2026They emphasised that neither…

Key takeawaysBitcoin remains vulnerable as hawkish Federal Reserve guidance, rising Treasury yields, and inconsistent ETF demand continue to dampen investor sentiment.With BTC trading below key moving averages and lacking strong buying momentum, the near-term bias remains bearish. Bitcoin (BTC) remained under pressure on Thursday, trading below the $64,000 level as investors reacted to a hawkish message from the U.S. Federal Reserve and mixed institutional demand signals.The leading cryptocurrency continues to struggle for momentum, with risk appetite fading across financial markets after the Fed signaled a tougher policy outlook despite leaving interest rates unchanged.Federal Reserve maintains rates but adopts hawkish toneThe U.S. Federal Reserve left its benchmark interest rate unchanged at 3.50% to 3.75% during its latest policy meeting, the first chaired by Kevin Warsh.While the decision itself was widely expected, markets were focused on the Fed’s forward guidance and updated economic projections.The central bank removed language suggesting a bias toward further monetary easing and instead signaled support for maintaining higher rates for longer. Policymakers now project the federal funds rate to end the year at 3.8%, up from the 3.4% forecast issued in March.The revised outlook prompted traders to increase expectations for tighter monetary policy, with markets now pricing in nearly an 85% probability of a rate hike in December.As a result, U.S. Treasury yields and the U.S. dollar moved higher, reducing demand for risk-sensitive assets such as cryptocurrencies.Institutional demand for Bitcoin remains mixed, offering little support for a sustained recovery.According to CoinGlass data, spot Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $82.20 million on Wednesday, following:The inconsistent flow pattern, coupled with a slight bearish bias, suggests institutional investors remain cautious amid macroeconomic uncertainty.Should ETF outflows continue or accelerate in the coming sessions, Bitcoin could face additional downside pressure.Bitcoin price outlook: Relief bounce shows signs of weaknessRecent price action indicates that Bitcoin’s rebound from oversold conditions may have been driven more by seller exhaustion than by renewed buying demand.Bitcoin continues to trade within a bearish short-term structure and remains below several key moving averages.BTC is currently trading below the 50-day EMA at $70,042, the 100-day EMA at $72,839, and the 200-day EMA at $78,174.The failure to reclaim these levels reinforces the broader downtrend and highlights persistent overhead selling pressure.Additionally, the previously broken uptrend support near $73,833 has now turned into a major resistance zone.Technical indicators continue to favor caution. The Relative Strength Index (RSI) on the 4-hour chart remains below 50, indicating ongoing bearish momentum without yet reaching deeply oversold conditions.The Moving Average Convergence Divergence (MACD) histogram remains slightly positive, suggesting that recent rebounds may be corrective moves within a broader bearish trend rather than the beginning of a sustained recovery.BTC/USD 4H ChartIf Bitcoin attempts a rebound, traders will likely focus on several major resistance zones. The first major resistance at $64,004 could pave the way for higher hurdles at $70,042 – 50-day EMAA move above these levels would be required to significantly improve the technical outlook.The post Bitcoin price stays below $64k as hawkish Fed and ETF outflows weigh on sentiment appeared first on CoinJournal.

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Key takeawaysWhile momentum indicators suggest downside pressure is easing, ETH remains trapped below multiple key moving averages. Until buyers reclaim resistance levels above $1,800, the broader technical outlook remains cautious, with support around $1,741 likely to play a crucial role in determining the next major move.ETH Open Interest falls to a multi-week lowEthereum (ETH) derivatives markets remain subdued following weeks of price weakness, reflecting a cautious stance among leveraged traders.After ETH fell below the $1,800 level, futures open interest dropped sharply, reaching 13.64 million ETH on Sunday, its lowest level since early May. Open interest saw a modest recovery on Monday after Ethereum rebounded above $1,700, but overall participation remains significantly lower than recent highs.Open interest represents the total value of outstanding futures contracts. Since May 28, Ethereum futures markets have witnessed a decline of roughly 2 million ETH in open interest, highlighting a strong reduction in leveraged exposure and growing risk-off sentiment.Funding rate data paints a similar picture of caution. Over the past two weeks, Ethereum funding rates have fluctuated between positive and negative territory, signaling a lack of clear conviction from either bulls or bears.Funding rates are periodic payments exchanged between long and short traders in perpetual futures markets. Positive rates indicate bullish positioning, while negative rates suggest stronger bearish sentiment.The market’s tone shifted notably after the June 5 correction, which pushed funding rates into negative territory following nearly a month of positive readings.Although ETH has recovered modestly since then, bullish traders have struggled to regain control.Spot-market indicators offer little evidence of aggressive accumulation. Ethereum exchange reserves have declined modestly over the past two days, reversing part of the increase recorded last week. While falling exchange balances can sometimes indicate accumulation, the move remains too small to signal strong demand.Ethereum price analysis: ETH trapped below key resistanceEthereum continues to trade within a bearish short-term structure despite recent stabilization.On the 4-hour chart, ETH remains below its 20-day EMA near $1,794, the 50-day EMA around $1,955, and the 100-day EMA near $2,108The clustering of these moving averages above current price levels indicates that upside attempts continue to face significant resistance.Although the broader trend remains bearish, some technical indicators suggest downside momentum may be easing.The Relative Strength Index (RSI) has climbed toward the mid-50s, indicating selling pressure is weakening but not yet signaling a bullish reversal.For Ethereum to build a stronger recovery, bulls must reclaim several important resistance zones.Immediate resistance at $1,794 could pave the way for an extended rally towards the $1,806 and $1,909 psychological levels.A sustained move above these levels would significantly improve Ethereum’s outlook.ETH/USD 4H ChartOn the downside, Ethereum faces several important support areas. If the bearish trend persists, immediate support is seen at the $1,524 level, with another demand zone at $1,405. If selling pressure intensifies and these levels fail to hold, ETH could decline toward the next significant support area near $1,156.The post Ethereum derivatives activity weakens as traders await a fresh catalyst appeared first on CoinJournal.

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Solana price sits at around $71 with strong resistance at $75.95.Indicators and EMAs show a bearish market trend.Weekly gains contrast with weak momentum and extreme fear sentiment.Solana price continues to trade in a tight range around the low $70s, with the asset struggling to reclaim the $72 level.At the time of writing, SOL was trading near $71.26, after a mild 24-hour decline of about 0.7%.Despite a stronger weekly rebound of roughly 10%, the broader market pattern still shows clear resistance overhead and weakening momentum across multiple technical indicators.Over the past 24 hours, the Solana price has remained trapped between $70.69 and $74.24, without a decisive trend forming.Technical structure still favours sellersLooking at the charts, Solana (SOL) remains under pressure from a layered resistance structure formed by major moving averages.Recent price movements show that SOL has only managed to reclaim the 10-day exponential moving average (EMA), while the 20-day, 50-day, 100-day, and 200-day EMAs are all positioned above the current price level.Solana price analysisThis configuration confirms that the broader trend remains bearish, as rallies continue to encounter resistance before reaching higher momentum zones.The most immediate technical barrier is located at $75.95, a level that must be cleared to signal a potential shift in trend direction.If this level is broken, projections place the next resistance at $83.32.On the downside, structural support is clearly defined at $62.40.A breakdown below $62.40 would expose the Solana price to deeper losses, extending the current corrective phase and potentially triggering accelerated selling pressure.Notably, the daily Relative Strength Index (RSI) is positioned at 44.38, reflecting a neutral condition and suggesting indecision in short-term price direction.However, the weekly RSI has dropped to around 33.07, placing it near the oversold territory and signalling that while selling pressure has been persistent over a longer timeframe, we could see some bullish recovery soon.The overall market sentiment remains weakSentiment conditions continue to reflect caution across the broader market.The Fear and Greed Index is positioned near 15, a level typically associated with extreme fear.Such an environment often coincides with defensive positioning, reduced risk appetite, and lower conviction in upward price movements.Derivative market data also supports this cautious outlook, with the funding rates remaining negative in recent sessions, while short positioning has increased relative to long exposure.Solana funding rateIn addition, the long-to-short ratio has remained below equilibrium levels, indicating that traders are still leaning toward downside protection rather than sustained bullish positioning.At the same time, Solana has recorded modest institutional inflows, including small allocations into Solana ETFs totalling just over $1 million.Solana ETF flowsHowever, these inflows remain limited in size and have not been sufficient to offset broader bearish positioning in derivatives markets.The post Solana price forecast: SOL stuck below $72 as bears take control appeared first on CoinJournal.

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Key takeawaysXMR is down 2% and could record further losses in the near termThe Fed’s hawkishness weighs on the broader crypto market.Privacy coins remain under pressure amid weak risk appetiteMonero (XMR) continued its downward trajectory on Friday as bearish sentiment persisted across the cryptocurrency market. XMR slipped for a third consecutive session, remaining below the $330 level. The broader crypto market came under renewed pressure following remarks from Federal Reserve Chairman Kevin Warsh during his first post-meeting press conference on Wednesday.While the Federal Open Market Committee (FOMC) left interest rates unchanged, in line with market expectations, investors reacted negatively to the central bank’s hawkish tone. Policymakers emphasized their commitment to restoring inflation to the long-term 2% target, prioritizing price stability over near-term monetary easing.Warsh’s comments suggested the Fed remains comfortable maintaining its current policy stance and is not yet considering interest-rate cuts. Market participants have even begun pricing in the possibility of another rate increase, with current expectations implying a 30% probability of a hike at an upcoming policy meeting.Risk appetite weakened further as the Crypto Fear & Greed Index fell to 15 on Thursday from 22 a day earlier, keeping the market firmly in the “Extreme Fear” zone. The decline highlights growing investor caution and reduced exposure to risk assets.Monero price outlook: Correction continues below key resistance levelsMonero remains trapped below the Bollinger Bands middle line near $340 and all major Exponential Moving Averages (EMAs). The 50-day EMA sits around $359, while the 100-day and 200-day EMAs cluster near $366, creating a significant resistance zone overhead.Despite the ongoing correction, technical indicators show signs of improving momentum. The Moving Average Convergence Divergence (MACD) histogram remains positive, while the Money Flow Index (MFI) near 65 suggests steady capital inflows. However, these signals currently point to corrective rebounds rather than a broader trend reversal as long as XMR remains beneath key resistance levels.Immediate resistance is located around the Bollinger Bands’ middle line at $340, followed by the 50-day EMA near $359. A stronger resistance zone emerges around $367, where the 100-day and 200-day EMAs converge. Beyond that, the upper Bollinger Band near $389 represents the next major hurdle for buyers.On the downside, support is found near the lower Bollinger Band at approximately $291. A breakdown below this level could accelerate losses and trigger a deeper retracement despite the recent improvement in momentum indicators.XMR/USD 4H ChartMonero remains vulnerable to further downside as macroeconomic uncertainty and restrictive monetary policy continue to weigh on investor sentiment. While technical indicators suggest some underlying buying interest, the privacy coins must reclaim key resistance levels before a more sustained recovery can take shape.The post Monero extends losses as Fed hawkishness weighs on the crypto market appeared first on CoinJournal.

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Key takeawaysZEC is still struggling under the $477-$500 zone. Although momentum indicators show signs of stabilization, Zcash remains vulnerable to further downside as investors react to persistent macroeconomic uncertainty and rising rate-hike expectations. Zcash (ZEC) remains under pressure on Thursday as bearish sentiment continued to dominate the cryptocurrency market. ZEC is facing mounting resistance beneath the $500 mark as investors reduce exposure to risk assets.Fed’s policy stance causes a negative market reactionThe broader crypto market weakened following remarks from Federal Reserve Chairman Kevin Warsh during his first post-meeting press conference on Wednesday.Although the Federal Open Market Committee (FOMC) kept interest rates unchanged, in line with expectations, investors reacted negatively to the central bank’s firm commitment to bringing inflation back to its long-term 2% target. The Fed’s emphasis on price stability signaled that policymakers are not yet prepared to pivot toward monetary easing.Warsh’s comments reinforced expectations that higher interest rates could remain in place for longer. Market participants are even assigning a roughly 30% probability to a future rate hike, reviving concerns about tighter financial conditions and reduced liquidity for risk assets.Investor confidence weakened further as the Crypto Fear & Greed Index fell to 15 on Thursday from 22 a day earlier, remaining firmly within the “Extreme Fear” zone. The reading highlights growing caution among traders and suggests subdued market participation in the near term.ZEC price forecast: Zcash faces growing downside risksZcash has also remained on the defensive, recording three straight days of losses while trading below its 50-day EMA near $477. The continued inability to reclaim this level has reinforced bearish sentiment and increased the likelihood of further downside.A sustained move lower could encourage additional de-risking among traders, placing the spotlight on key support zones near $434 and $376.While the MACD histogram remains marginally positive, suggesting some recovery attempts may be forming, the Money Flow Index remains in the mid-40s, indicating relatively weak buying momentum compared with Monero.The immediate resistance level remains the 50-day EMA at approximately $477. If buyers manage to regain control, attention could shift toward the upper boundary of the descending channel near $549.ZEC/USD 4H ChartOn the downside, support is located near the 100-day EMA around $434, followed by the 200-day EMA near $376. Should bearish pressure intensify, the lower boundary of the descending channel near $279 could emerge as a critical medium-term support zone.The post Zcash dips 4% as broader crypto market remains bearish appeared first on CoinJournal.

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Cardano (ADA) trades near $0.160 with weak momentum and fading buying pressure.The key support at $0.157 is critical, with $0.13 risk if it breaks.Oversold signals and the Leios testnet could trigger a short rebound soon.Cardano (ADA) continues to trade under pressure, holding near the lower end of its recent range as both spot and derivatives markets reflect cautious sentiment.The token is priced at $0.1607, down 3.2% in the past 24 hours.Over longer timeframes, the token is down 6.1% over the past 7 days, down 35.6% over the past month, and down 73.2% in the past year, reflecting sustained downside pressure across the broader trend structure.Daily trading activity, however, remains active, with $368.8 million in 24-hour volume.Weak derivatives positioning and fading participationIn the derivatives market, the long-to-short ratio stands at 0.96, indicating slightly more short positions than long positions among traders.Futures open interest is around $348 million, continuing a broader decline from mid-May levels.This reduction in open interest signals lower speculative engagement and suggests that traders are reducing exposure rather than building conviction positions in either direction.On-chain indicators also reflect strain in market behaviour.The Network Realised Profit/Loss (NPL) metric has dropped sharply, showing that a large portion of recent holders have been realising losses rather than gains.This type of activity is commonly associated with capitulation phases, where weaker holders exit positions under sustained price pressure.Cardano technical analysisCardano remains below its major long-term moving averages, confirming that the broader trend is still bearish.The altcoin’s price is trading under the 50-day, 100-day, and 200-day exponential moving averages (EMAs), which typically reinforces resistance during attempted recoveries.Cardano price chartThe RSI (14) on the daily chart is around 31, suggesting bearish control is still present, though no longer in extreme oversold territory.Cardano price outlook heading into the Leios testnet catalystA key event in the near-term outlook is the expected Leios scaling upgrade testnet around June 23.This upgrade testnet is being closely watched as a potential catalyst for renewed activity within the Cardano ecosystem.The current market structure at this stage remains weak, but conditions are showing early signs of compression.Oversold readings on higher timeframes, combined with reduced selling momentum, suggest that price is approaching a decision point rather than continuing in a steady decline without interruption.If bulls step in around the $0.157 support zone, a short-term rebound toward $0.172 remains the primary recovery scenario.However, failure to hold this level would keep downside projections toward $0.148 and potentially $0.13 in focus, depending on how market liquidity and sentiment evolve.Notably, a bearish flag breakdown has also been noted in recent technical assessments, a formation that typically signals continuation of an existing downtrend after a brief consolidation phase.This adds weight to the downside risk scenario unless buyers regain control above key resistance levels.The post Cardano price analysis: can ADA avoid a drop to $0.13? appeared first on CoinJournal.

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Shiba Inu (SHIB) trades near $0.00000476 with weak short-term momentum.Shiba Inu burn activity has dropped to about $5 worth of SHIB daily.SHIB’s price remains below all major EMAs, maintaining a bearish trend.Shiba Inu is trading at $0.00000476, holding a tight range between $0.000004638 and $0.000004789 over the past 24 hours.The memecoin has remained under pressure in recent sessions, with a -0.4% daily change, extending a broader weakness that has seen it fall 17% over the past 30 days and nearly 59% over the past year.Market activity, however, remains elevated, with 24-hour trading volume at roughly $54.7 million.SHIB price structure tightens as support zone comes under pressureShiba Inu is testing a support region around $0.0000046, while a deeper support level sits at $0.00000430.On the upside, resistance is forming near $0.0000048, with a further barrier at $0.00000491.Notably, SHIB is trading below all major daily exponential moving averages (EMAs), including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs.This alignment places the broader trend firmly in bearish territory, with no short-term average currently supporting price from below.In addition, out of 23 tracked technical indicators, 13 are bearish, 9 neutral, and only 1 bullish, giving bears roughly 57% control of the signal distribution.The RSI (14) sits around 35.47 on the daily chart, while the weekly reading is near 35.68, both pointing to nearly oversold conditions.While this does not confirm a reversal, it does suggest the market is approaching levels where short-term reactions have historically occurred.A close below $0.00000455 would expose SHIB to lower support levels, while a recovery above $0.0000048 would be required to shift short-term momentum toward $0.00000507.Shiba Inu price chartBurn activity and Shibarium engagement declineShiba Inu token burn activity has weakened significantly.Data from the Shibburn website shows that daily burns have fallen to extremely low levels, with estimates indicating only around 1 million SHIB burned per day, valued at roughly $5.Weekly burn totals remain similarly small, around 15 million SHIB, worth approximately $75.At current levels, the burn activity has minimal effect on SHIB’s total supply dynamics.The scale of the supply reduction is too small to influence price behaviour in the short or medium term, especially during periods of weak demand.Shibarium activity has also shown limited market impact recently.While the Layer-2 network continues to process transactions, there has been no measurable effect on SHIB price stability or upside momentum in recent trading sessions.The lack of strong network-driven demand has left price action largely dependent on broader market sentiment and technical levels.Exchange flows show accumulation, but price response remains weakExchange flow data presents a mixed picture.CryptoQuant has stated that total SHIB exchange reserves have dropped below 80 trillion tokens.Net outflows of approximately 266 billion SHIB in 24 hours have been recorded, suggesting that holders are moving tokens off exchanges, a behaviour often associated with accumulation or longer-term holding.Despite this, the Shiba Inu price has not reacted strongly to the shift in flows.SHIB continues to trade near the lower end of its recent range, indicating that buying pressure has not yet outweighed broader selling activity.This divergence between on-chain accumulation and price response highlights a market that is still waiting for stronger confirmation from demand-side activity.The post Shiba Inu (SHIB) struggles near key support as burn rate and Shibarium activity weaken appeared first on CoinJournal.

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Key takeawaysEthereum (ETH) has rebounded about 4% over the past week, but overall market sentiment remains weak.Hawkish signals from the Federal Reserve have reduced expectations for interest rate cuts and increased pressure on risk assets.Ethereum recovery faces macro headwindsEthereum has posted a modest 4% recovery over the past seven days as the broader cryptocurrency market staged a technical rebound. However, the bounce has done little to improve overall sentiment, which remains under pressure from worsening macroeconomic conditions.Investor confidence took another hit after recent comments from Federal Reserve Chairman Kevin Warsh signaled a tougher stance on inflation. His remarks suggested that monetary policy could remain restrictive for longer, fueling concerns that interest rate hikes may still be on the table.The shift has challenged earlier expectations that the Federal Reserve would begin cutting rates this year, creating a less favorable environment for risk assets such as cryptocurrencies.Earlier in the year, many analysts expected one or two rate cuts from the Federal Reserve. Those expectations have weakened significantly as inflation continues to run above the central bank’s target.Warsh’s comments reinforced concerns that policymakers remain focused on controlling inflation, even if tighter monetary conditions weigh on financial markets.Historically, higher interest rates reduce liquidity and investor appetite for speculative assets, making cryptocurrencies particularly vulnerable during periods of monetary tightening.Ethereum struggles at key resistance levelEthereum’s recent recovery stalled near the $1,800 level, an area that previously served as support but has now become a significant resistance zone.If selling pressure continues and ETH fails to reclaim $1,800, the next major support level sits near the April 2025 low of $1,400.A move to that level would represent roughly an 18% decline from current prices and further deepen Ethereum’s yearly losses.Among the largest cryptocurrencies, Ethereum has been one of the weakest performers, even lagging behind competitors such as Solana during the current market cycle.The Relative Strength Index (RSI) has improved from oversold conditions but remains weak.Currently hovering around 40, the indicator is approaching levels that could reinforce bearish momentum if selling pressure increases.ETH/USD 4H ChartFrom a broader technical perspective, Ethereum’s weekly chart continues to reflect a fragile market structure.Unless buyers successfully push the price above $1,800, analysts expect the downtrend to remain intact, increasing the likelihood of a retest of lower support zones.The post Ethereum faces renewed downside risk as Fed concerns weigh on market sentiment appeared first on CoinJournal.

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Key takeawaysBitcoin (BTC), Ethereum (ETH), and XRP are starting the week on a more stable footing after last week’s declines.BTC is trading above $64,000 but remains below major moving averages, keeping the broader trend bearish.Crypto market opens new weekly candle with signs of stabilityBitcoin, Ethereum, and XRP are showing resilience at the start of the week after experiencing notable declines during the previous trading period.Bitcoin fell nearly 4% last week, while Ethereum and XRP dropped approximately 2% and 6%, respectively. Despite the weakness, all three assets have stabilized, with Bitcoin trading above $64,000, Ethereum holding the critical $1,700 support level, and XRP consolidating near $1.13.For Bitcoin, traders are closely watching technical indicators for clues about whether the recent recovery can develop into a broader rebound.Bitcoin remains below major resistance levelsBitcoin is currently trading around $64,000, but the broader technical outlook remains cautious. BTC continues to trade below its key moving averages, 50-day EMA: approximately $69,106, 100-day EMA: approximately $72,123, and 200-day EMA: approximately $77,748.The fact that Bitcoin remains below all three indicators suggests that sellers still maintain control of the broader trend.Adding to the bearish outlook, BTC recently broke below a rising trendline that had previously supported the market. That trendline, now acting as resistance near $74,238, reinforces the view that Bitcoin remains in a corrective phase.Although the overall trend remains weak, some technical indicators suggest that downside momentum may be slowing.The Relative Strength Index (RSI) has rebounded from deeply oversold levels and is currently hovering in the high-40 range.This improvement indicates that selling pressure has eased, but the indicator remains around the neutral 50 mark, meaning a clear bullish reversal has not yet been confirmed.The Moving Average Convergence Divergence (MACD) indicator remains in positive territory, which is generally supportive for prices.For Bitcoin to regain bullish momentum, buyers must overcome several resistance zones, including $69,106 (50-day EMA), $72,123 (100-day EMA), and $77,748 (200-day EMA).BTC/USD 4HChartA move above these levels would significantly improve the technical outlook and potentially signal the end of the current correction.On the downside, the first major support level remains at $64,005.A decisive break below this area could expose Bitcoin to further losses and extend the existing downtrend.The post Bitcoin holds above key support as momentum indicators hint at stabilization appeared first on CoinJournal.

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Solana (SOL) is stuck between $72 support and $76 resistance.Solana’s price action shows a tight range with possible short-term rejection risk.$90 remains the key breakout level for a stronger bullish move.Solana has moved back above the $74 level after a period of sideways trading, putting the asset close to a key technical zone that traders have been watching for several days.The latest gains come after a gradual recovery from the lower $70 range, where price repeatedly found support before pushing higher.Is this a correction within a larger bearish trend?Recent price action shows Solana compressing inside a well-defined range between $62.08 and $76.00.This range has become the main battleground for buyers and sellers, with repeated reactions near both ends.On the lower side, support has been consistently observed around $69.50 and $62.08, where buying interest has prevented deeper declines.On the upper side, resistance is clustered between $76.00 and $83.00, a zone that has rejected multiple upward attempts in recent sessions.Solana price chartSome short-term technical analysis, however, suggests that the current upward move may still be part of a broader corrective phase within a larger bearish structure.Market analysis highlights the possibility of a short squeeze toward the $76 region, followed by a rejection if bulls fail to maintain momentum above resistance.If price is rejected from this zone, downside pressure could return quickly, with initial support at $69.50, followed by the lower boundary near $62.08.The $76–$90 range is now the key decision areaWhile short-term resistance sits near $76, higher timeframe analysis places a more important threshold at the $90 level.This zone has been highlighted as a structural breakout point that could determine whether Solana transitions into a stronger upward trend or remains in consolidation.A move above $90 could open room toward the $100 to $114 range, which has been identified as the next liquidity zone on higher timeframes.However, failure to break this level would likely keep price action trapped in a broader corrective environment.At the same time, one technical interpretation suggests that the current movement is still part of a countertrend rally within a wider bearish cycle in the crypto market.Under this scenario, upward moves into resistance zones are viewed as temporary expansions designed to capture liquidity before potential reversals.This conflict between breakout potential and bearish continuation has created a split in analyst expectations.The $90 level now acts as the line between the continuation of the recovery and renewed consolidation.Morgan Stanley’s Solana ETF adds a layer of optimismBeyond technical levels, institutional developments are also shaping sentiment around Solana.Morgan Stanley has reportedly advanced filings for proposed spot Solana and Ethereum exchange-traded funds (ETFs, with a proposed management fee of 0.14%, which would place them among the lowest-cost crypto ETF proposals currently under consideration.The structure of these proposed products includes staking mechanisms, in which a large portion of staking rewards would be returned to investors after operational costs are covered.Although these ETFs are not yet approved, the filings signal increasing institutional interest in structured Solana exposure through regulated financial instruments.The post Solana price reclaims $74, nearing a major breakout zone appeared first on CoinJournal.

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