Key takeawaysBitcoin (BTC), Ethereum (ETH), and XRP extended their recovery as geopolitical concerns eased.Market sentiment improved after US President Donald Trump said Iran had reached out to discuss a potential agreement.Bitcoin has surpassed the key $64,000 resistance level, with a breakout potentially strengthening the short-term outlook.Bitcoin (BTC) extended its recovery on Friday, climbing above the $64,000 level as improving investor sentiment supported a broader rebound across the cryptocurrency market.The recovery comes after geopolitical concerns eased following comments from US President Donald Trump, who said Iran had contacted the United States to discuss a potential agreement. The remarks fueled hopes of reduced tensions in the Middle East, encouraging investors to return to risk assets.The positive sentiment also helped Ethereum (ETH) edge closer to $1,800, while XRP stabilized after finding support near key technical levels.Improving risk appetite supports Bitcoin recoveryCryptocurrency markets gained ground as fears surrounding the recent escalation in the Middle East began to subside.Investor confidence improved after Trump indicated that Iran had initiated contact with the United States regarding possible negotiations, raising expectations that diplomatic efforts could help prevent further conflict.The shift in market sentiment prompted renewed buying across digital assets, allowing Bitcoin to recover toward an important technical resistance zone.Bitcoin price analysis: Bulls target higher resistance levelsBitcoin was trading around $64,300 at the time of writing, placing it just below the significant $65,000 resistance area.Although the recent rebound has strengthened short-term momentum, BTC remains below several key trend indicators, suggesting the broader market structure has yet to turn decisively bullish.Bitcoin continues to trade beneath the 50-day Exponential Moving Average (EMA) at $65,399, the 100-day EMA ($68,991), and the 200-day EMA ($75,024)These moving averages form a strong overhead resistance zone that bulls must overcome before confirming a broader trend reversal.Technical indicators suggest buying momentum is slowly returning. The Relative Strength Index (RSI) has moved above the neutral 50 level, indicating strengthening bullish momentum after weeks of weakness.Meanwhile, the Moving Average Convergence Divergence (MACD) remains in positive territory, with the MACD line holding above zero and the histogram continuing to expand, signaling that upward momentum is gradually building.While these indicators favor buyers in the short term, they have yet to invalidate the broader bearish structure.The first major resistance for Bitcoin sits near the $64,686 horizontal level. A decisive daily close above this area would bring the 50-day EMA at $65,399 into focus. If buyers clear that hurdle, attention could shift toward the 100-day EMA at $68,991, followed by the 200-day EMA at $75,024.Beyond those levels, the next significant long-term resistance lies around $84,410.On the downside, Bitcoin lacks a strong nearby technical support zone, making the market vulnerable to renewed selling pressure if the current recovery loses momentum. BTC/USD 4H ChartIn that scenario, traders will likely look to the $60,000 psychological level as the next major area where buying interest could emerge.For now, improving geopolitical sentiment has provided Bitcoin with short-term support, but bulls will need to reclaim $64,000 and overcome the cluster of moving average resistance to strengthen the case for a sustained recovery.The post Bitcoin tops $64K as improving risk sentiment boosts crypto market recovery appeared first on CoinJournal.

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Key takeawaysEthereum (ETH) is extending its recovery, trading near $1,800, a key technical resistance level.Despite improving momentum, ETH remains below its 50-day, 100-day, and 200-day EMAs, keeping the broader trend cautious.Technical indicators, including the RSI and MACD, suggest bullish momentum is strengthening.Ethereum price nears $1,800 as recovery momentum buildsEthereum (ETH) continued its recovery on Friday, climbing to around $1,790 as buyers pushed the cryptocurrency closer to the important $1,800 resistance level.Although recent gains have improved short-term sentiment, Ethereum remains below several major moving averages, indicating that the broader trend has yet to shift decisively in favor of the bulls.Ethereum’s recovery is approaching a significant technical hurdle at the 50-day Exponential Moving Average (EMA) near $1,800.The asset continues to trade below all of its major trend indicators, including the 50-day EMA at $1,800, the 100-day EMA ($1,956), and the 200-day EMA ($2,235)This cluster of moving averages continues to cap upside momentum and suggests that the broader market remains in a corrective phase despite the recent rebound.Momentum Indicators Turn More ConstructiveTechnical indicators point to improving buying momentum. The Relative Strength Index (RSI) is hovering around 60, moving above the neutral 50 level and indicating that buyers are gradually regaining control.Meanwhile, the Moving Average Convergence Divergence (MACD) remains in positive territory, signaling strengthening bullish momentum as Ethereum attempts to build on its recent recovery.While both indicators support additional upside in the short term, a confirmed breakout above the major resistance levels is still needed to establish a stronger bullish trend.The immediate resistance remains the 50-day EMA near $1,800. A successful daily close above this level could allow Ethereum to target the 100-day EMA around $1,956, followed by the important $2,000 psychological resistance. Beyond that, the 200-day EMA near $2,236 represents the next major obstacle for bulls.ETH/USD 4H ChartOn the downside, the primary support level sits around $1,385. A break below this area would signal renewed bearish pressure and could revive the broader downtrend.As long as Ethereum remains above its key support while momentum indicators continue to improve, the possibility of further consolidation—and eventually a breakout above the $1,800 resistance zone—remains intact.The post Ethereum approaches $1,800 as bulls test key resistance appeared first on CoinJournal.

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Key takeawaysBitcoin fell to $63,000 after renewed geopolitical tensions in the Middle East weakened investor risk appetite.The U.S. military’s latest strikes on Iran and heightened tensions around the Strait of Hormuz boosted demand for safe-haven assets while pressuring cryptocurrencies.Spot Bitcoin ETFs recorded $197.4 million in weekly inflows, ending an eight-week streak of net outflows, but institutional buying failed to offset broader market uncertainty.Bitcoin (BTC) traded below $63,000 on Monday as escalating geopolitical tensions in the Middle East weakened investor appetite for risk assets, overshadowing improving institutional demand through spot Bitcoin exchange-traded funds (ETFs).Although Bitcoin ETFs recorded their first week of net inflows in nearly two months, renewed uncertainty surrounding the Strait of Hormuz kept bullish momentum in check.Middle East escalation sparks risk-off tradingMarket sentiment deteriorated after the United States launched fresh military strikes against Iranian targets on Sunday.According to the U.S. Central Command (CENTCOM), the operation targeted Iranian air defense systems, coastal radar installations, missile and drone capabilities, as well as naval assets using fighter aircraft, warships, and both aerial and maritime attack drones.Iranian media reported multiple explosions near Sirik, Bandar Abbas, Qeshm, and Jask—areas located close to key military infrastructure surrounding the Strait of Hormuz.The situation intensified after Iran’s Islamic Revolutionary Guard Corps (IRGC) reportedly targeted another commercial vessel and announced the closure of the Strait of Hormuz, one of the world’s most important oil shipping routes.The escalating conflict prompted investors to reduce exposure to riskier assets, driving West Texas Intermediate (WTI) crude oil above $75 per barrel while cryptocurrencies, including Bitcoin, came under renewed selling pressure.Despite the broader market weakness, institutional demand showed signs of recovery.According to CoinGlass, U.S. spot Bitcoin ETFs attracted $197.4 million in net inflows last week, ending an eight-week streak of consecutive outflows that began in mid-May.The return of institutional buying suggests long-term investor confidence remains intact. However, the renewed geopolitical uncertainty limited the immediate impact of these inflows on Bitcoin’s price.Bitcoin price analysis: Bears continue to defend $64,000Bitcoin was trading around $63,055 at the time of writing, remaining below the critical $64,000 resistance level.The cryptocurrency continues to trade beneath all of its major exponential moving averages (EMAs), highlighting the prevailing bearish market structure.Key resistance levels include:50-day EMA: $65,192100-day EMA: $68,686200-day EMA: $74,736These technical barriers continue to form a strong overhead supply zone, limiting recovery attempts.Momentum indicators suggest selling pressure may be easing, but a bullish reversal has yet to emerge. The Relative Strength Index (RSI) remains just below the neutral 50 level, indicating that buyers have not yet regained control.Meanwhile, the Moving Average Convergence Divergence (MACD) remains in positive territory, suggesting downside momentum has moderated. However, the broader technical structure remains bearish as long as Bitcoin trades below key resistance levels.The immediate resistance remains the $64,004 horizontal barrier, where recent rallies have repeatedly stalled.If buyers successfully reclaim that level, attention will shift to the 50-day EMA at $65,192, the 100-day EMA ($68,686), and the 200-day EMA ($74,736).A sustained breakout above these levels could open the door to a longer-term move toward the $84,410 resistance zone.BTC/USD 4H ChartOn the downside, Bitcoin lacks strong technical support immediately below current prices. If selling pressure intensifies, traders are likely to focus on the $60,000 psychological level, which could serve as the next major support area.For now, Bitcoin’s near-term direction will…

Key takeawaysPi Network (PI) fell another 6% on Monday after dropping 7% the previous day, extending its prolonged downtrend.Retail participation continues to weaken, with Open Interest falling below $9 million, signaling declining leveraged trading activity.Analysts warn that ongoing token unlocks could continue to pressure prices if supply outpaces demand.Pi Network (PI) remained under heavy selling pressure on Monday, falling around 6% after suffering a 7% decline in the previous trading session.The continued weakness reflects fading retail participation, declining leveraged positions, and concerns that ongoing token unlocks could keep supply ahead of demand. Technical indicators also suggest the correction may not be over, with the token approaching a key support level near $0.075.Retail demand continues to fadeRecent derivatives data points to weakening interest among traders. According to CoinAnk, Pi Network’s Open Interest (OI) declined to $8.48 million on Monday from $8.91 million a day earlier.The drop in Open Interest indicates that traders are closing leveraged positions rather than opening new ones, reflecting reduced confidence and lower speculative activity around the token.Pi Network price analysis: Bears target the $0.075 supportTechnically, Pi Network has remained in a persistent downtrend since late April, forming a falling channel pattern on the daily chart.The latest decline has pushed the token closer to the channel’s lower support trendline around $0.075.If sellers successfully break below this level, the next significant support is located near $0.0679, which corresponds to the 1.618 Fibonacci extension measured from the previous decline between $0.1998 and $0.1183.Technical momentum continues to favor the bears. The Relative Strength Index (RSI) has fallen to approximately 10, placing the asset deep in oversold territory and highlighting the intensity of the recent selling pressure.Meanwhile, the Moving Average Convergence Divergence (MACD) remains below the zero line, with both the MACD and signal lines trending lower while negative histogram bars continue expanding.Together, these indicators suggest bearish momentum remains firmly in control despite increasingly oversold conditions.The immediate focus remains on the $0.075 support level. A decisive breakdown below this area could accelerate losses toward $0.0679, reinforcing the prevailing downtrend.On the upside, if buyers manage to defend support and trigger a rebound, PI could first target the 1.272 Fibonacci extension at $0.0961, followed by the important $0.1000 psychological resistance.PI/USD 4H ChartUntil stronger buying activity returns, however, Pi Network’s technical outlook continues to favor additional downside as weak retail demand and expanding token supply weigh on market sentiment.The post PI slides 15% as weak demand raises risk of drop to $0.075 appeared first on CoinJournal.

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Hyperliquid price holds above key support as traders watch the $61.92 level.Bitcoin’s move around $63,000 could shape HYPE’s next direction.Hyperliquid’s total open interest has climbed to nearly $11 billion.Hyperliquid (HYPE) has entered a crucial phase after retreating from its recent record high, with traders closely watching whether the token can stabilise above key support levels.The latest pullback comes as broader cryptocurrency markets react to rising geopolitical tensions, leaving Bitcoin’s next move at the centre of attention.However, while HYPE has lost momentum over the past week, the network continues to post strong trading activity, creating an interesting contrast between short-term price action and underlying platform growth.Hyperliquid price tests support after weekly declineHYPE is trading around $65, down 7.0% over the past seven days after reaching an all-time high of $76.87 on June 16.The correction has pushed the token toward an important support area between $64 and $65, where buyers have started defending prices.The next few trading sessions could prove decisive.If the Hyperliquid price manages to reclaim $67 with stronger buying volume, the token could make another attempt at the $70 level.However, a failure to hold the current support zone would shift attention to $61.92, which has emerged as the next major technical floor.A break below $61.92 could expose the token to additional downside, with $60 becoming the next area traders are likely to monitor.Bitcoin remains one of the biggest external factors influencing that outlook.The broader market has been under pressure following renewed geopolitical uncertainty, and Bitcoin’s ability to remain above $63,000 is viewed as an important signal for risk assets across the cryptocurrency market.If Bitcoin maintains above $63,000, it could provide enough stability for HYPE to consolidate. A move below it, on the other hand, could trigger another wave of selling across altcoins.Technical indicators point to mixed short-term momentumThe latest technical indicators suggest that HYPE has not yet established a clear directional trend despite the recent correction.The Relative Strength Index (RSI) currently stands at 47.99, placing it in neutral territory.This indicates that the token is neither overbought nor oversold, leaving room for either buyers or sellers to take control depending on broader market conditions.Hyperliquid priceExponential moving averages paint a more constructive picture over a longer timeframe.HYPE continues to trade above its 50-day, 100-day and 200-day exponential moving averages (EMAs), signalling that the broader uptrend remains intact despite the recent decline.At the same time, the token has dropped below its 10-day and 20-day EMAs, showing that short-term resistance remains in place before momentum can fully recover.This combination of indicators suggests that while the long-term forecast remains positive, the near-term direction will depend on whether buyers can regain control around current price levels.Hyperliquid platform activity continues to expandAlthough HYPE has pulled back from its recent highs, activity on the Hyperliquid ecosystem continues to grow.The protocol’s total value locked (TVL) stands at approximately $6.013 billion, reflecting continued capital committed to the platform.At the same time, 24-hour trading volume remains close to $296 million, highlighting sustained market participation despite recent volatility.Another notable development is the rapid growth in derivatives activity. Total open interest has climbed to roughly $11 billion, while real-world asset (RWA) perpetual contracts account for approximately $3.6  billion of that figure.Real-world asset (RWA) open interest on Hyperliquid reached a new ATH of $3.6BTotal OI reached a new high for 2026 of $11B pic.twitter.com/FJyeuUq0ya— Hyperliquid (@HyperliquidX) July 13, 2026The increase shows that traders are expanding beyond crypto-native products into tokenised exposure linked to traditional financial assets.The…

Key takeawaysStellar (XLM) extends losses as renewed U.S.-Iran tensions fueled a risk-off market environment.XLM is currently hovering near critical support around $0.177.XLM could test support near $0.173 if selling pressure intensifies.Stellar (XLM) remains under pressure on Tuesday as investors reduced exposure to risk assets following escalating geopolitical tensions between the United States and Iran.The broader cryptocurrency market weakened after renewed military developments in the Middle East increased uncertainty, pushing investors toward safer assets while weighing on altcoins.US-Iran escalation dampens investor confidenceAccording to reports, the U.S. Central Command (CENTCOM) confirmed that American forces carried out additional strikes on Iranian military targets while maintaining more than 50,000 U.S. troops across the Middle East.Iranian state-affiliated media also reported strikes in southern Iran, while the Islamic Revolutionary Guard Corps (IRGC) said it had disabled two supertankers in the Strait of Hormuz, accusing them of violating navigation warnings.The IRGC warned that continued military activity in the region could delay the reopening of the strategic waterway and disrupt global energy supplies.The heightened geopolitical tensions pushed West Texas Intermediate (WTI) crude oil above $80 per barrel, reinforcing a broader risk-off mood across financial markets and placing additional pressure on cryptocurrencies such as XLM.Futures market data indicates traders are becoming increasingly cautious on both assets.According to CoinGlass, XLM open interest dropped to approximately $182.21 million, extending the decline from elevated levels recorded in June.Falling open interest alongside declining prices often signals that traders are closing positions rather than opening new ones, reflecting weakening market participation and reduced confidence.Funding rates have also turned negative for XLM and now read -0.0021%. Negative funding rates indicate that short sellers are paying long-position holders, highlighting increased demand for bearish positions in the perpetual futures market.Stellar (XLM) price analysis: Momentum remains weakStellar also continues to struggle as it trades near $0.179, below its major moving averages.Current resistance levels include the 50-day EMA at $0.186, the 100-day EMA ($0.190), and the 200-day EMA ($0.196)The RSI remains near 41, reflecting subdued momentum, while the MACD continues to trend in negative territory, suggesting buyers have yet to regain control.XLM/USD 4H ChartThe first major support is located near $0.177, followed by the 78.6% Fibonacci retracement level around $0.173.If bearish momentum strengthens, XLM could decline toward a broader support zone near $0.142.Should buyers return, resistance awaits at $0.186, $0.190, and $0.196, with additional upside barriers near $0.200, $0.218, $0.237, and $0.260.The post Geopolitical tensions weigh on Stellar as bears target key support levels appeared first on CoinJournal.

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Key takeawaysSolana (SOL) has fallen below its 50-day Exponential Moving Average (EMA), signaling increasing bearish pressure.The MACD has turned bearish, while the Relative Strength Index (RSI) has dropped below the neutral level.Key support sits at $67.50, the level that previously sparked a rebound in late June. Solana (SOL) remained under pressure on Tuesday, extending its recent weakness as the token slipped below its 50-day Exponential Moving Average (EMA), a technical development that points to growing bearish momentum.At the time of writing, SOL was trading below $75.00, remaining beneath both the 50-day EMA at $76.63 and the 200-day EMA at $97.65. The inability to reclaim these key technical levels suggests sellers continue to dominate the market.Momentum indicators turn increasingly bearishTechnical indicators are signaling that bullish momentum is fading. The Moving Average Convergence Divergence (MACD) has crossed below its signal line, producing fresh bearish histogram bars that indicate strengthening downward momentum.Meanwhile, the Relative Strength Index (RSI) has declined to 46, slipping below the neutral 50 mark. This suggests buying pressure is weakening while sellers gradually regain control of the market.Together, these indicators reinforce the likelihood of continued downside unless market sentiment improves.The most important support for Solana currently lies around $67.50. This horizontal support level previously triggered a notable rebound in late June and could once again attract buyers if selling pressure intensifies.A decisive break below $67.50 would likely increase the risk of a deeper correction and could encourage additional bearish positioning.For Solana to improve its short-term outlook, buyers must first reclaim the 50-day EMA near $76.63, which now serves as immediate resistance.A sustained breakout above this level could open the door for a move toward the 200-day EMA around $97.65, where stronger selling pressure is expected to emerge.SOL/USD 4H ChartSolana remains technically vulnerable after falling below its 50-day EMA, with bearish momentum indicators suggesting sellers remain in control. As long as SOL trades beneath its major moving averages, the risk of further downside persists. Traders will be closely watching the $67.50 support level, while any meaningful recovery will depend on the token reclaiming the 50-day EMA and restoring bullish momentum.The post Solana slips below 50-Day EMA as bearish momentum strengthens appeared first on CoinJournal.

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Injective (INJ) climbed 5.1% after breaking above key technical resistance.Strong volume supports a potential move toward $5.30.Analysts highlight improving momentum despite macro risks.Injective is posting one of the strongest short-term performances among major altcoins today.While much of the cryptocurrency market remained subdued, INJ climbed more than 5% over the past 24 hours, supported by a decisive technical breakout and a sharp increase in trading activity.The move has shifted focus to the next key resistance level at $5.30.At the same time, improving on-chain metrics and renewed optimism among market analysts have added to the growing interest in the token.Technical breakout puts $5.30 in focusAt press time, INJ traded around $5.02 after gaining 5.1% over the previous 24 hours.The latest rally was largely driven by a breakout above the 30-day simple moving average near $4.85.Buyers also pushed the token through the 50% Fibonacci retracement level around $5.06, a level that had capped previous recovery attempts.The surge also stood out because it occurred while Bitcoin was slightly weaker during the same period, indicating that the latest advance was driven primarily by Injective’s own technical setup rather than broad market strength.Unlike many short-lived price spikes, this breakout was accompanied by stronger participation from traders.Daily trading volume rose by more than 26% to approximately $86.9 million, suggesting that the move was supported by fresh buying interest rather than weak liquidity.The next level attracting attention now is the 38.2% Fibonacci resistance around $5.30.Holding above the $4.85 breakout zone would keep that target in focus, while losing this level could expose the token to another test of support near $4.50.On-chain activity continues to support the networkThe recent price action also comes alongside several encouraging developments within the Injective ecosystem.The network has processed more than $34 billion in derivatives trading volume, highlighting continued activity across its decentralised finance infrastructure.At the same time, Injective has strengthened its stablecoin ecosystem through native USDC support, making it easier for users and developers to access on-chain liquidity.Another closely watched metric is the Community Buyback mechanism.More than 7.1 million INJ have now been permanently removed from circulation through the program, reinforcing the network’s long-term deflationary model.The latest CoinGecko report puts Injective's growth into perspective.Top 10 L1 by protocol revenue, $34B+ in derivatives volume, native USDC, and 7.1M+ $INJ burned through the Community Buyback.$INJ keeps proving its strength with real onchain activity. @injective pic.twitter.com/Fe39MnS5Hm— LOST CAT (@0x_Eligible) July 14, 2026Protocol revenue has also remained among the strongest across Layer-1 blockchain networks, reflecting sustained activity rather than growth driven purely by speculation.Although there were no major partnership announcements or protocol upgrades directly linked to the latest price increase, these on-chain metrics continue to provide additional context for the token’s recent resilience.Analysts point to improving market structureMarket participants have also been watching several technical assessments published over the past few days.Veteran financial trader Matthew Dixon said the broader cryptocurrency market could still form a meaningful low later in the year, but identified Injective as one of the stronger-looking altcoins.According to Dixon, INJ established an important bottom between $2.60 and $2.80 before advancing toward the $6.80 to $7.00 area in what he described as a possible five-wave structure.More importantly, the subsequent correction failed to create new lows and remained above major Fibonacci retracement levels, a pattern he considers healthier than that seen in many competing altcoins.Dixon highlighted several important support levels for traders to monitor, including $4.57, $4.32, and $4.14. He…

KuCoin launches Celestia Stage at Tomorrowland Belgium 2026.Partnership blends crypto, music and immersive storytelling experiences.More artists and community activations will be announced soon.Cryptocurrency exchange KuCoin has unveiled the Celestia Stage at Tomorrowland Belgium 2026, marking a new phase in its multi-year strategic partnership with the global electronic music festival.The announcement reinforces KuCoin’s role as Tomorrowland’s Official Exclusive Crypto Exchange and Crypto Payments Partner.According to the company, the collaboration extends beyond traditional sponsorship and aims to create an immersive experience centered on trust, innovation, and community.The Celestia Stage is designed to reflect the shared vision of both organizations, bringing together music, technology and storytelling while highlighting themes of transformation, curiosity and human connection.Celestia Stage draws inspiration from Tomorrowland’s mythologyAccording to KuCoin, the new stage is inspired by the legend of Celestia in the Tomorrowland universe and takes the form of a celestial butterfly, symbolizing transformation, growth and new beginnings.The stage combines organic landscapes, crystalline structures and digital design elements to create an environment where nature and technology coexist.Throughout the festival, KuCoin Guardians will also appear across the venue as part of an interactive storytelling experience intended to extend the Celestia theme beyond the stage itself.KuCoin said the project reflects its broader ambition of positioning itself as a trusted guide in digital finance, making innovation more accessible to users while emphasizing trust as a core principle.Commenting on the partnership, BC Wong, CEO of KuCoin, said:“Tomorrowland has always inspired people to discover something beyond themselves through music, creativity and imagination. That philosophy closely reflects our own vision. At KuCoin, we believe trust is what empowers people to embrace the future with confidence. Celestia is much more than a stage. It is a shared symbol of transformation, curiosity and connection. Together with Tomorrowland, we hope to create an experience where innovation feels approachable, communities feel connected, and every visitor is inspired to explore what comes next.”Partnership brings together music and digital financeTomorrowland has built a global audience over nearly two decades through electronic music and large-scale live experiences.KuCoin said it shares a similar community-focused approach, noting that its platform now serves more than 40 million users across over 200 countries and regions.The exchange said the partnership aims to demonstrate how culture, technology and digital finance can come together through shared experiences rather than conventional brand sponsorship.KuCoin added that it sees trust as the foundation for wider participation in the digital economy and believes the Celestia Stage reflects that vision by combining entertainment with interactive engagement.More festival details to be announcedThroughout Tomorrowland Belgium 2026, the Celestia Stage will host an electronic music program alongside immersive artistic installations and storytelling experiences based on the Celestia narrative.Festival attendees will also encounter KuCoin Guardians across the festival grounds as part of the activation.KuCoin said additional details, including the full artist lineup, immersive stage experiences and community activations, will be announced in the coming weeks as the partnership continues to develop throughout the festival.The post KuCoin unveils Celestia Stage as Tomorrowland Belgium 2026 partnership expands appeared first on CoinJournal.

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Key takeawaysSolana (SOL) has rebounded above its 50-day EMA at $76.82 after a 4% rally.Rising futures trading volume and positive funding rates point to growing bullish sentiment among retail traders.Solana ETFs have recorded two consecutive days of zero inflows, signaling muted institutional demand.Solana (SOL) extended its recovery on Wednesday, climbing above its 50-day Exponential Moving Average (EMA) after gaining roughly 4% in the previous session.The rebound comes as improving sentiment across the cryptocurrency market encourages renewed retail participation, while institutional investors remain cautious despite the broader market rally.Retail traders return to Solana futuresRecent derivatives data suggests retail traders are becoming more optimistic about Solana’s short-term outlook.According to CoinGlass, SOL futures open interest has remained stable at approximately $4.91 billion over the past 24 hours, indicating traders are maintaining existing leveraged positions rather than exiting the market.Meanwhile, futures trading volume jumped 15% to around $6.90 billion, reflecting stronger market activity and continued position building.Adding to the positive outlook, Solana’s funding rate remains in positive territory at approximately 0.0040%, suggesting traders are willing to pay a premium to maintain long positions—a sign that bullish sentiment is strengthening among retail participants.While retail activity has improved, institutional demand has yet to show similar strength.Data from SoSoValue indicates that Solana exchange-traded funds (ETFs) have recorded two consecutive trading sessions with zero net inflows this week.The lack of fresh ETF investment suggests traditional investors are adopting a wait-and-see approach despite the recent rebound in cryptocurrency prices.This divergence between retail enthusiasm and institutional caution could influence the sustainability of Solana’s recovery.Solana price analysis: $81.50 remains key breakout levelFrom a technical perspective, Solana has strengthened after reclaiming its 50-day EMA at $76.82.The token is also trading above the 50% Fibonacci retracement level at $76.92, measured from the decline between $98.41 and $60.13, reinforcing the improving short-term structure.However, SOL continues to face significant resistance from a descending trendline positioned near $81.50, while the 200-day EMA at $94.52 remains a major long-term barrier.A decisive daily close above $81.50 would confirm a breakout from the prevailing downtrend and could trigger a move toward the $88.56 resistance and the 200-day EMA at $94.52.Technical indicators suggest bullish momentum is slowly building. The Relative Strength Index (RSI) is hovering around 54, indicating modest buying pressure without entering overbought territory.Meanwhile, the Moving Average Convergence Divergence (MACD) is approaching a bullish crossover near its signal line, reflecting a neutral-to-positive momentum shift that could support additional upside if buying pressure continues.SOL/USD 4H ChartIf Solana encounters renewed selling pressure, traders will likely monitor the following support levels:50-day EMA: $76.82Previous ascending trendline: $68.88Cycle low: $60.13Holding above the 50-day EMA would help preserve the current recovery, while a break below it could expose SOL to a deeper pullback toward the lower support zones.The post Solana reclaims the 50-day EMA as bulls target a breakout above $81.50 appeared first on CoinJournal.

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Key takeawaysPi Network (PI) is stabilizing above $0.07500 after more than two weeks of sustained selling pressure.Improving crypto market sentiment following softer U.S. inflation has boosted speculative interest in PI.PI open interest climbed from $9.11 million to $12.14 million, signaling renewed trader participation.Pi Network (PI) traded above $0.07500 on Wednesday, showing early signs of stabilizing after more than two weeks of persistent losses.The token’s recovery comes as broader cryptocurrency markets rebounded following softer-than-expected U.S. inflation data, improving investor sentiment and encouraging renewed interest in higher-risk digital assets.Although PI remains in a broader downtrend, technical indicators suggest bearish momentum may be weakening.Improving market sentiment boosts risk appetiteThe latest U.S. Consumer Price Index (CPI) report helped ease concerns over additional Federal Reserve interest rate hikes, reducing pressure on risk assets, including cryptocurrencies.As market sentiment improved, investors showed greater willingness to return to speculative assets such as Pi Network.CoinMarketCap’s Crypto Fear and Greed Index rose to 35 on Wednesday from 28 on Monday, reflecting a noticeable decline in market fear and improving investor confidence.Historically, rising risk appetite has often supported increased trading activity in speculative cryptocurrencies.Derivatives data points to growing interest in Pi Network. According to CoinAnk, PI futures open interest increased from $9.11 million to approximately $12.14 million over the past day.The sharp increase suggests traders are opening new positions rather than closing existing ones, indicating renewed confidence and stronger speculative demand.While rising open interest alone does not guarantee higher prices, it often supports increased market liquidity and stronger price momentum when accompanied by improving sentiment.Pi Network technical analysis: Can PI reclaim $0.1000?From a technical perspective, Pi Network is attempting to build a base near $0.07500, where a descending support trendline forming part of a falling channel continues to hold.A Doji candlestick formed near this support during the previous trading session, signaling indecision between buyers and sellers and potentially marking the beginning of a short-term reversal.The 161.8% Fibonacci extension at $0.06793, measured from the decline between $0.1998 and $0.1183, reinforces this support zone and increases the likelihood of a technical rebound.If buying momentum strengthens, PI could target the following resistance levels:$0.09613 – 127.2% Fibonacci extension$0.1000 – Psychological resistance levelA decisive move above $0.09613 would significantly improve the short-term outlook and increase the probability of a recovery toward $0.1000.Although Pi Network remains within a broader bearish trend, momentum indicators suggest downside pressure may be becoming exhausted.The Relative Strength Index (RSI) has fallen to around 21, placing the token deep in oversold territory. Such readings often indicate that selling has become excessive and that a relief rally could emerge if buyers return.Meanwhile, the Moving Average Convergence Divergence (MACD) remains below its signal line, confirming that the broader trend is still bearish. However, the indicator also suggests bearish momentum may be weakening after the recent decline.The most important downside support remains the 161.8% Fibonacci extension at $0.06793.PI/USD 4H ChartA daily close below this level would invalidate the current rebound scenario and could trigger a new phase of price discovery to the downside.As long as PI holds above this support, the possibility of a recovery toward $0.09613 and eventually $0.1000 remains intact.The post PI holds key support as bulls eye a rebound toward $0.10 appeared first on CoinJournal.

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Key takeawaysCardano (ADA) traded near $0.161 on Thursday after a slight pullback, while whale wallets continued accumulating tokens.Wallets holding 100,000 to 100 million ADA have reached their highest holdings since February 2023, while smaller investors have reduced exposure.The upcoming van Rossem hard fork, scheduled for Saturday, could act as a catalyst for ADA’s next move.Cardano (ADA) edged lower on Thursday, trading around $0.161 after facing mild selling pressure the previous session. Despite the pullback, on-chain and derivatives data indicate that investor sentiment is gradually improving as large holders continue to accumulate the cryptocurrency ahead of a key network upgrade.The combination of growing whale activity, strengthening derivatives metrics, and the upcoming van Rossem hard fork has increased expectations that ADA could stage a broader recovery if it breaks key resistance levels.Whales continue accumulating ADAOn-chain data from Santiment shows a clear divergence between large and small Cardano holders.Wallets holding between 100,000 and 100 million ADA now collectively own more than 25.65 billion ADA, the highest level since February 2023.In contrast, wallets holding fewer than 100 ADA have reduced their holdings by roughly 0.7% over the past four months.The trend suggests institutional investors and high-net-worth holders continue accumulating Cardano while retail investors remain cautious. Historically, sustained whale accumulation has often preceded periods of stronger price performance.Cardano’s development roadmap also received a boost this week. Intersect, the member-based organization supporting the Cardano ecosystem, confirmed on Wednesday that the van Rossem hard fork will be activated on Saturday following governance ratification earlier this week.The upgrade introduces new Plutus functionality alongside protocol enhancements designed to improve smart contract performance, developer capabilities, and overall network efficiency.The hard fork could provide a near-term catalyst by strengthening Cardano’s ecosystem and increasing confidence among developers and investors.Futures market activity also points to strengthening investor confidence.According to CoinGlass, Cardano futures Open Interest (OI) has increased from approximately $422 million on Monday to $445 million on Thursday.Rising Open Interest alongside stabilizing prices generally indicates that fresh capital is entering the market rather than traders simply closing existing positions.Meanwhile, ADA’s funding rate has turned positive, reaching 0.0042%, suggesting traders holding long positions are once again willing to pay a premium to maintain their exposure.Positive funding rates typically reflect improving market sentiment and growing expectations for higher prices.Cardano price forecast: ADA still faces major resistanceDespite improving fundamentals, Cardano remains technically constrained. ADA continues to trade below several major moving averages, preserving the broader bearish market structure.Cardano remains below the 50-day Exponential Moving Average (EMA) at $0.179, the 100-day EMA ($0.208), and the 200-day EMA ($0.276)The token is also trading beneath the 23.6% Fibonacci retracement level at $0.173, while the broader downtrend remains intact below the trendline resistance near $0.207.Momentum indicators present a mixed picture. The Relative Strength Index (RSI) is near 46, indicating neutral momentum without signaling either overbought or oversold conditions.Meanwhile, the Moving Average Convergence Divergence (MACD) has turned slightly positive, suggesting bearish momentum is easing, although buying pressure remains too weak to confirm a sustained trend reversal.If bulls regain momentum, the next resistance levels include $0.179 (50-day EMA), $0.207–$0.208  (Trendline resistance and 100-day EMA), and $0.2135 (50% Fibonacci retracement).A successful break above the $0.207–$0.208 region would significantly improve Cardano’s medium-term outlook.ADA/USD 4H ChartOn the downside…

TL;DRXLM is trading higher on Thursday after defending key support levels earlier this week.Rising Open Interest (OI) and positive funding rates suggest fresh capital is flowing into both markets.XLM remains below major resistance levels despite showing signs that bearish momentum is fading.Stellar’s XLM continues its recovery on Thursday, supported by improving derivatives metrics and stabilizing technical indicators after the cryptocurrency defended key support levels earlier in the week.Open Interest climbs as traders returnDerivatives data points to renewed confidence among market participants. According to CoinGlass, XLM Open Interest climbed from $153 million on Monday to around $195 million, up 25% in the last 24 hours.The simultaneous rise in prices and Open Interest suggests fresh capital is entering the market rather than traders simply closing positions. This typically signals strengthening conviction behind the current recovery.Market sentiment has also improved across perpetual futures markets. XLM recorded positive funding rates after turning positive on Tuesday.Positive funding rates indicate that traders holding long positions are paying a premium to maintain their exposure, reflecting growing bullish sentiment.While derivatives indicators have strengthened, on-chain metrics paint a mixed picture. CryptoQuant indicates that XLM continues to experience selling-side dominance across both spot and derivatives markets, suggesting larger traders remain hesitant despite the recent rebound.This imbalance could limit the pace of any sustained upside move.XLM technical analysis: Recovery faces multiple technical barriersStellar traded around $0.189 on Thursday after bouncing from support near $0.177.However, XLM continues to trade below the 50-day EMA at $0.190 and the 200-day EMA at $0.196The token is currently hovering just above its 100-day EMA at $0.187, providing immediate support.Momentum indicators suggest buyers are gradually returning but remain cautious. The RSI is near 49, reflecting neutral momentum without a clear bullish bias.Meanwhile, the MACD remains slightly below zero, indicating bearish pressure has weakened but has not fully disappeared.If the rally persists, the first major resistance lies at the 50-day EMA of $0.190. A decisive break above this level will expose higher hurdles at $0.196 (200-day EMA) and $0.218.A sustained move above $0.200 would strengthen the case for a broader recovery.However, if the bearish trend resumes, the bulls would need to instantly defend the $0.187 support level.Failure to defend this support could see XLM retest lower demand zones at $0.177 and $0.142 in the near term. XLM/USD 4H ChartXLM is showing encouraging signs of recovery as derivatives activity strengthens and funding rates turn positive. However, XLM continues to face heavier selling pressure from larger market participants.The post XLM extends recovery amid rising Open Interest appeared first on CoinJournal.

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Ondo Finance (ONDO) jumps nearly 16% as trading volume approaches $290 million.DTCC-backed tokenised stocks strengthen institutional adoption.Bulls eye $0.50 if ONDO reclaims the 200-day EMA.ONDO token extended its rally on Wednesday after a series of institutional developments strengthened confidence in the real-world asset (RWA) sector.The token climbed nearly 16% over the past 24 hours to around $0.3737, reaching the upper end of its daily trading range of $0.321 and $0.376.The price surge comes as Ondo Finance unveiled a new tokenised stock offering backed by infrastructure tied to the US Depository Trust Company (DTC).The rally has also been accompanied by a sharp increase in trading activity.ONDO recorded approximately $289.6 million in 24-hour trading volume, reflecting stronger market participation as investors responded to the latest developments.DTCC-backed tokenised stocks mark a major milestoneThe biggest catalyst behind ONDO’s recent gains is Ondo Finance’s launch of tokenised stocks backed by DTC Tokenised Entitlements, introducing a model that connects blockchain-based assets with the infrastructure used by traditional US capital markets.Unlike many existing tokenized equity products, these digital assets are designed to maintain the same CUSIP numbers and ticker symbols as their underlying securities.This approach is intended to improve compatibility with existing financial market systems rather than creating a separate blockchain-only ecosystem.The announcement also highlighted Ondo Finance’s participation in a broader tokenisation initiative involving major financial institutions and market infrastructure providers.We’re excited to announce that Ondo has launched the first tokenized stock representations based on DTC tokenized entitlements to DTC-held securities generated through the DTCC Tokenization Service.The Depository Trust & Clearing Corporation (DTCC) is the premier post-trade… pic.twitter.com/r7KcGmDqa9— Ondo Finance (@OndoFinance) July 15, 2026Companies including BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange (NYSE) are participating in efforts surrounding tokenised financial assets, underlining growing institutional interest in blockchain-based securities.As the DTCC’s tokenization infrastructure expands, Ondo Finance plans to distribute tokenized stocks across exchanges, wallets, and decentralized finance applications, widening access to on-chain financial products.Rising institutional interest supports ONDO’s momentumThe tokenised stock announcement builds on Ondo Finance’s growing presence in the real-world asset market.The protocol has already established itself as one of the leading platforms for tokenised US Treasury products, and investors are increasingly watching its expansion into tokenised equities.The broader RWA sector has continued to attract institutional capital as firms explore blockchain technology to improve settlement efficiency and expand access to financial products.Another factor supporting attention around the ecosystem is the discussion surrounding a proposed 10% ONDO token burn, although no final decision has been made.The proposal has become one of several developments investors are monitoring alongside continued institutional adoption.The ecosystem has also benefited from demand for tokenized Treasury products that offer yields of around 5.2% APY, reinforcing interest in blockchain-based financial instruments backed by traditional assets.The technical picture improves after the breakoutBeyond the fundamental developments, ONDO’s technical structure has strengthened.The token is now trading close to the top of its recent weekly range of $0.305 to $0.376, while the latest rally pushed the price back above the widely watched 100-day Exponential Moving Average (EMA) though it still remains below the 200-day EMA.ONDO price chartReclaiming the 200-day EMA would confirm the bullish trend after the prolonged decline.However, the price surge has been supported by higher trading volume, suggesting…

64 billion SHIB have left crypto exchanges today, so far.SBI inherited 1.111 trillion SHIB through the Coinhako acquisition.Exchange reserves climbed to 86.497 trillion SHIB.Shiba Inu (SHIB) is navigating two very different stories at the same time.On one side, the token is gaining more exposure in Asia through a major corporate acquisition involving one of Japan’s largest financial groups.On the other, fresh on-chain data points to renewed selling pressure as more SHIB moves onto exchanges.The conflicting signals have left the token under pressure, with buyers struggling to regain momentum despite positive adoption news.Exchange outflows add pressure to SHIB priceShiba Inu traded around $0.00000409 after extending its recent decline, reflecting a broader period of weakness across the cryptocurrency market.The latest on-chain data suggests that exchange activity has become a key factor behind the token’s muted performance.Data from CryptoQuant showed that 173.45 billion SHIB flowed into cryptocurrency exchanges over the latest 24-hour period, while 271.09 billion SHIB left exchanges.That resulted in a negative exchange netflow of 97.64 billion SHIB, indicating that more tokens exited trading platforms than entered them.Shiba Inu exchange netflowsThe latest figures also showed that exchange reserves climbed to 86.497 trillion SHIB, highlighting a larger pool of tokens sitting on trading venues.During the previous 10-day period, on-chain data showed more than 1.4 trillion SHIB leaving centralised exchanges.Those outflows had reduced the amount of SHIB immediately available for sale and were viewed as a stronger accumulation signal.Instead, the latest data points to a reversal in that trend.Combined with the recent decline in price, the higher exchange balances illustrate the increased selling activity that has weighed on SHIB over recent trading sessions.Japan expansion strengthens SHIB’s long-term visibilityWhile on-chain data has turned less favourable in the short term, Shiba Inu has simultaneously received a significant boost in institutional exposure through developments in Japan and Singapore.SBI Holdings, one of Japan’s largest financial services companies, recently completed its acquisition of Coinhako after receiving approval from the Monetary Authority of Singapore (MAS).The acquisition also transferred custody of approximately 1.111 trillion SHIB, valued at roughly $4.5 million at the time of the transaction.The holdings were already part of Coinhako’s customer and exchange reserves, meaning the acquisition did not represent a fresh purchase of SHIB from the open market.Coinhako manages a digital asset portfolio worth more than $164 million, with SHIB ranking among its larger cryptocurrency holdings.Following the acquisition, SBI expanded its footprint in Southeast Asia while adding another regulated platform that offers SHIB trading against both the Singapore dollar (SGD) and the US dollar (USD).The transaction adds to Shiba Inu’s growing presence within regulated Asian cryptocurrency markets.However, the increased visibility has yet to translate into stronger price performance as traders continue to focus on short-term market activity.The post Shiba Inu price slips as exchange outflows offset Japan boost appeared first on CoinJournal.

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Key takeawaysLayerZero (ZRO) fell about 3% on Monday, extending last week’s 9% decline.The network is set to unlock 25.71 million ZRO tokens, equivalent to 4.6% of the total supply, increasing potential selling pressure.Despite bearish price action, futures trading volume surged 552%, reflecting heightened retail interest.Technically, ZRO remains in a downtrend, with support at $0.734 and a potential downside target near $0.532.LayerZero (ZRO) extended its recent losses on Monday, falling roughly 4% as investors prepared for one of the project’s largest scheduled token unlocks.The token has already declined about 9% over the past week, and the release of 25.71 million ZRO into circulation could add further selling pressure in the short term.Although derivatives activity has surged ahead of the unlock, market positioning suggests traders remain cautious about the token’s near-term outlook.Monthly token unlock adds supply pressureAccording to Tokenomist data, LayerZero will unlock 25.71 million ZRO tokens on Monday, representing approximately 4.6% of the token’s total supply.The newly unlocked tokens will primarily be allocated to strategic partners and core contributors.At the same time, approximately 1.67 million ZRO, or 0.3% of the released supply, will be repurchased through a buyback program.The planned buyback may signal confidence from the project’s core team, but the additional circulating supply is still expected to weigh on short-term price action as investors assess potential selling activity.While institutional allocations are set to increase, retail traders have become increasingly active in LayerZero’s derivatives market.CoinGlass data shows futures trading volume surged 552% over the past 24 hours to $248.65 million. Meanwhile, Open Interest (OI) increased 4.52% to $80.87 million, indicating new positions are entering the market.The rise in both trading volume and Open Interest suggests growing speculation ahead of the token unlock.However, sentiment appears to be shifting. Despite higher trading activity, perpetual futures funding rates have weakened.The funding rate declined to 0.0061% from 0.0121% a day earlier, indicating demand for leveraged long positions is easing.Lower funding rates often reflect reduced confidence among bullish traders, particularly before major token unlocks that increase circulating supply and create expectations of additional selling pressure.The combination of rising speculative activity and weakening bullish positioning suggests investors remain cautious heading into the unlock event.LayerZero price prediction: Bears remain in controlFrom a technical perspective, LayerZero continues to trade within a well-established downtrend.The token remains below its 50-day Exponential Moving Average (EMA) near $0.957, reinforcing bearish momentum.The outlook also remains negative following the death cross formed in late April, when the 50-day EMA crossed below the 200-day EMA—a signal often associated with sustained downward trends.Technical indicators continue to support the bearish outlook. Relative Strength Index (RSI) reads around 36, indicating strong bearish momentum while remaining above oversold territory.Both the MACD and signal lines remain below zero and continue trending lower, suggesting downside momentum persists.These indicators show sellers continue to dominate despite increased derivatives activity.The most important downside support remains at $0.734, the major structural support and Fibonacci anchor.A decisive break below this level could accelerate selling and expose the next technical target at $0.532. Reaching this level would represent roughly 25% downside from current prices.If buyers manage to regain momentum following the token unlock, the first resistance zone sits around $0.945 (23.6% Fibonacci retracement), with another hurdle at $0.957 (50-day EMA).ZRO/USD 4H ChartA daily close above this resistance cluster would reduce immediate bearish pressure and could open the door for a move toward $1.325.However, reclaiming…

Key takeawaysSolana (SOL) traded lower on Monday, extending its corrective trend from early July.Institutional demand remains subdued, with SOL ETFs recording less than $1 million in inflows for a second consecutive week.Futures Open Interest declined while trading volume surged 78%, pointing to increased market activity but weaker conviction.Solana (SOL) edged lower on Monday, continuing its recent correction as both institutional and retail market indicators pointed to weakening demand.Although trading activity has picked up sharply over the past 24 hours, declining futures positioning and muted exchange-traded fund (ETF) inflows suggest investors remain cautious about the token’s near-term outlook.The combination of slowing institutional participation and growing bearish sentiment has kept SOL under key technical resistance levels.Institutional investors continue to favor Bitcoin and EthereumDemand for Solana-focused investment products remained subdued last week.According to CoinGlass data, SOL exchange-traded funds (ETFs) attracted approximately $948,210 in net inflows, following $930,430 the previous week.While inflows remained positive, they were significantly lower than those recorded by the two largest cryptocurrencies: Bitcoin ETFs, with $75.67 million in weekly inflows, and Ethereum ETFs with $105.44 million in weekly inflows.The figures suggest institutional investors continue allocating capital toward more established digital assets rather than increasing exposure to Solana.Retail trading activity increased sharply despite the recent price weakness. CoinGlass data shows that the futures trading volume jumped 78% to $5.37 billion over the past 24 hours. Meanwhile, the Open Interest (OI) slipped slightly to $4.77 billion.The combination of rising trading volume and declining Open Interest typically suggests positions are being closed rather than new bullish positions being established.Meanwhile, funding rates have turned slightly negative, falling to approximately 0.0023%, indicating traders are increasingly willing to pay to maintain short positions.This shift points to growing bearish sentiment among derivatives traders despite elevated market activity.Solana price prediction: Will SOL fall toward $70?From a technical perspective, Solana continues to trade within a short-term bearish structure.On the four-hour chart, SOL remains below both the 50-period EMA at $76.32 and the 200-period EMA at $76.51.These moving averages continue to act as immediate resistance, limiting the token’s recovery attempts.Technical indicators present a mixed picture. The Relative Strength Index (RSI) is hovering around 49, indicating neutral momentum with neither buyers nor sellers holding a decisive advantage.Meanwhile, the Moving Average Convergence Divergence (MACD) has turned modestly positive, suggesting buying pressure is gradually improving.However, the bullish momentum remains too weak to overcome the prevailing downward trendline.If selling pressure continues, traders will be watching the following support levels:$73.50 — S1 Pivot support.$72.80 — Descending trendline support.$70.62 — S2 Pivot support.A decisive move below the $72.80–$73.50 support zone could accelerate losses toward $70.62.For the bullish outlook to improve, Solana must first break above its descending resistance trendline near $77.27.If buyers reclaim this level, the next upside targets become the $81.92 resistance. A sustained close above the trendline would weaken the current bearish structure and increase the probability of a broader recovery.SOL/USD 4H ChartSolana continues to face headwinds from both institutional and retail markets. While trading activity has surged, declining Open Interest, weakening funding rates, and modest ETF inflows indicate investors remain cautious.Unless SOL breaks above the $77.27 resistance level, the correction that began in early July is likely to continue, with $70.62 emerging as the next major downside target.The post SOL faces selling pressure as ETF inflows slow and…

HYPE must reclaim $62.16 to target the next resistance at $64.55.HIP-4 introduces permissionless prediction markets on Hyperliquid.Creating a market requires a 500,000 HYPE bond with slashing risk.Hyperliquid (HYPE) has spent the past month trading below its mid-June peak, but a major protocol upgrade is drawing fresh attention to the cryptocurrency.The combination of a key technical setup and the upcoming HIP-4 permissionless prediction markets upgrade has revived hopes of another breakout attempt above $62.HIP-4 introduces permissionless prediction markets on HyperliquidThe proposed HIP-4 upgrade introduces permissionless prediction markets, allowing qualified participants to create markets directly on the network rather than relying on a centrally managed approval process.Prediction markets enable users to trade on the outcomes of future events, including elections, sporting events, macroeconomic developments, and cryptocurrency-related milestones.Instead of operating as a separate application, these markets will run on Hyperliquid’s existing trading infrastructure alongside spot and perpetual products.The upgrade is designed to use the same order book, liquidity pools and trading accounts that already support the protocol’s broader ecosystem.This approach allows prediction markets to integrate with Hyperliquid’s existing trading environment rather than creating a standalone platform.A notable feature of HIP-4 is the economic requirement placed on market creators.Anyone seeking to launch a permissionless prediction market must post a 500,000 HYPE bond before a market can go live.Based on HYPE’s current price near $60.92, that requirement represents roughly $30.5 million worth of tokens.The bond also carries slashing risk, meaning part or all of it can be forfeited if a market creator violates protocol rules or engages in malicious activity.The mechanism is intended to strengthen accountability while protecting the integrity of markets created on the network.The proposal also expands the practical role of HYPE within the protocol.Beyond its existing functions, the token becomes a core economic requirement for launching new prediction markets, linking network participation directly to token ownership.Hyperliquid price analysisHyperliquid’s native token, HYPE, was trading at $60.92 at the time of writing, down 0.2% over the past 24 hours.During the same period, the token moved between $59.85 and $61.57, showing relatively tight price action.Overall, the recent trend has been weaker over longer time frames, with HYPE declining 5.4% in the past seven days, 12% over the past two weeks, and 14.1% over the last 30 days.Even so, the token remains 33.4% higher than it was a year ago, highlighting that the broader trend is still stronger than the recent pullback suggests.From a historical perspective, HYPE is trading about 21.2% below its all-time high of $76.87, reached on June 16, 2026.In addition, Hyperliquid continues to attract significant activity across its ecosystem.The protocol currently secures approximately $6.069 billion in total value locked (TVL), while 24-hour trading volume stands at around $268.29 million, reflecting continued participation despite the recent decline in price.Technical indicators place $62.16 in focusPrice action has now shifted attention to several technical levels that could determine HYPE’s next direction.The first major resistance sits at $62.16. A confirmed daily close above that level would place the next resistance around $64.55, making $62.16 one of the most closely watched levels on the chart.On the downside, HYPE is trading near an important support level at $60.74. Maintaining that level could help stabilise recent price action, while a break below it would shift attention toward the next support at $59.18.Momentum indicators also show that the market has not reached an extreme condition.The Relative Strength Index (RSI-14) currently reads 42.89, placing it in neutral territory rather than in either overbought or oversold conditions.Hyperliquid…

Daily Avalanche transactions surged from 300K to 6.2 million in a year.A $23.3 million AVAX unlock could shape short-term price action.AVAX must hold $6.32 support to keep bullish momentum alive.Avalanche enters a critical week with two contrasting forces shaping the outlook for AVAX.On one hand, activity on the network has climbed sharply over the past year, highlighting growing usage across the ecosystem.On the other, the market is preparing for a token unlock worth roughly $23.3 million on July 21, an event that could influence short-term price action as traders assess whether additional supply will trigger fresh selling.At the time of writing, AVAX was trading at $6.58, up 2.1% over the previous 24 hours.While the latest gains point to some buying interest, the token remains well below its historical peak, raising questions about whether improving network fundamentals can eventually translate into stronger price performance.Avalanche network activity outpaces price performanceAvalanche has recorded one of its strongest periods of on-chain growth in recent months.Daily transaction activity expanded dramatically over the past year, rising from roughly 300,000 transactions per day during the second quarter of 2025 to a peak of 6.2 million daily transactions in July 2026.Daily transactions on AvalancheAlthough activity later cooled from that peak, the network was still processing around 2.62 million daily transactions, a level that remains significantly higher than a year ago.The figures suggest that user activity has continued despite broader weakness across the cryptocurrency market.The increase in network usage has also been accompanied by continued token burns.Around 135.65 AVAX was recently removed from circulation through Avalanche’s fee-burning mechanism, showing that on-chain activity has remained active even during periods of price consolidation.Liquidity across the ecosystem has also improved.Stablecoin balances on Avalanche have expanded significantly over recent months, at one stage exceeding $2 billion, reflecting greater capital flowing through decentralised applications and blockchain services built on the network.Despite those developments, AVAX has struggled to establish a sustained recovery.The divergence between stronger blockchain activity and subdued price performance has become one of the key themes surrounding Avalanche in recent months.FIFA partnership adds another long-term adoption milestoneAvalanche has also strengthened its position through one of the largest sporting organizations in the world.FIFA selected Avalanche as the blockchain infrastructure supporting its dedicated Layer-1 network for FIFA Collect, bringing blockchain technology to a platform connected with millions of football fans worldwide.The timing was particularly notable seeing FIFA World Cup is one of the world’s biggest sporting events.The just-concluded 2026 FIFA World Cup tournament increased visibility for blockchain-powered digital collectibles and fan engagement initiatives.Rising ticket prices linked to dynamic pricing models and travel restrictions affecting some international supporters attracted widespread attention.Token unlock puts short-term price levels in focusThe immediate event drawing traders’ attention is the scheduled July 21 token unlock, which will release approximately $23.3 million worth of AVAX into the market.Although the unlock represents only around 0.7% of the existing token supply available for trading, such events often receive close attention because they can increase short-term selling pressure if recipients decide to realise profits.From a technical perspective, AVAX is approaching an important resistance level at $6.62, which aligns with the 38.2% Fibonacci retracement.Avalanche price analysisA decisive move above that level could shift attention toward the next upside target around $6.80.On the downside, $6.32 remains the key support level. The price has managed to hold above that area so far, but a break below it would increase the possibility…

Key takeawaysStellar (XLM) continues to trade in narrow ranges as investors await the next major price catalyst.Derivatives data presents mixed signals, with bearish long-to-short ratios offset by positive funding rates for XLM.XLM remains below key moving averages, leaving its short-term outlook dependent on whether bulls can reclaim major resistance levels.Stellar (XLM) is trading within narrow ranges on Tuesday as investors weighed conflicting signals from derivatives markets and on-chain activity. Stellar remains under pressure near an important support area.The combination of bearish positioning in derivatives markets and improving funding rates suggests traders remain divided on the next major move, increasing the likelihood of heightened volatility in the coming sessions.Derivatives data paints a mixed picture for XLMMarket positioning remains uncertain across both cryptocurrencies. According to CoinGlass, the long-to-short ratio stood at 0.81 for XLM on Tuesday. Ratios below one indicate that short positions continue to outnumber long positions, reflecting a cautious outlook among derivatives traders.However, funding rates tell a different story. Stellar’s funding rate flipped positive on Monday and reached 0.0068%.Positive funding rates indicate that traders holding long positions are paying those with short positions, a sign that bullish sentiment is gradually improving despite the dominance of bearish bets.Data from CryptoQuant indicates selling pressure continues to dominate both the spot and derivatives markets, with large whale orders pointing toward cautious investor sentiment. This persistent selling activity could limit the token’s ability to sustain any meaningful upside in the near term.Key support remains under pressureStellar was trading around $0.187, continuing to consolidate near a critical support zone.The token remains below its 50-day EMA near $0.189, while hovering just above the 100-day EMA around $0.187, indicating that buyers are attempting to defend this level despite the broader bearish trend.Momentum indicators remain relatively subdued. The RSI is positioned near 53, reflecting weak but stable momentum, while a slightly positive MACD reading points to consolidation rather than a strong directional move.On the upside, Stellar faces immediate resistance at the 50-day EMA, followed by the 200-day EMA near $0.196 and the 61.8% Fibonacci retracement level around $0.200.XLM/USD 4H ChartIf selling pressure resumes, initial support lies at the 100-day EMA near $0.187, followed by the horizontal support at $0.177 and the 78.6% Fibonacci retracement around $0.173. A deeper correction could expose the long-term support level near $0.142.With technical indicators sending mixed signals and derivatives markets reflecting growing indecision, both XRP and Stellar appear to be approaching a pivotal point where a decisive breakout or breakdown could determine their next medium-term trend.The post Stellar price outlook: mixed derivatives data signals potential breakout appeared first on CoinJournal.

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Key takeawaysShiba Inu (SHIB) trades above $0.0000042 after breaking above a key descending trendline.Five consecutive days of exchange outflows suggest investors are moving SHIB into private wallets, reducing selling pressure.Derivatives data remains bullish, with positive funding rates and a long-to-short ratio favoring buyers.Shiba Inu (SHIB) extended its recovery on Tuesday, trading above $0.0000042 after breaking above a long-standing descending trendline. Improving on-chain activity and strengthening derivatives data suggest bullish momentum is building, potentially setting the stage for further upside.Exchange outflows point to reduced selling pressureOn-chain data from CryptoQuant indicates investors have been steadily moving SHIB off centralized exchanges, a trend often viewed as a positive signal for prices.The platform’s exchange netflow data recorded five consecutive days of net outflows beginning on July 17, showing that more SHIB tokens are leaving exchanges than being deposited.This pattern typically suggests investors are transferring tokens into private wallets for longer-term holding rather than preparing to sell, reducing immediate selling pressure in the market.The continued decline in exchange balances could support SHIB’s ongoing recovery if buying demand remains steady.Market positioning in the derivatives sector also points to improving confidence among traders.According to CoinGlass, SHIB’s long-to-short ratio stood at 1.02 on Tuesday, indicating a slight preference for long positions over shorts and reflecting growing optimism that prices could continue moving higher.Sentiment is further supported by funding rates. SHIB’s perpetual futures funding rate turned positive on July 17 and remained in bullish territory at 0.0103% on Tuesday. Positive funding rates indicate that traders holding long positions are paying those with short positions, a sign that bullish bets currently outweigh bearish ones.The combination of positive funding rates and a favorable long-to-short ratio suggests traders are increasingly positioning for additional gains.Shiba Inu price outlook: Bulls target higher resistanceFrom a technical perspective, SHIB has improved its near-term outlook after breaking above a descending trendline that had capped price action since mid-May.The breakout places the meme coin in a stronger position to extend its recovery if buying momentum continues.The next major resistance lies around $0.0000045. A decisive close above this level could pave the way for a move toward the 50-day Exponential Moving Average (EMA), which is also positioned near $0.0000045.Momentum indicators have also turned more constructive. The Relative Strength Index (RSI) has climbed to 54 and is moving towards the 60 level, signaling that bearish momentum is fading. SHIB/USD 4H ChartMeanwhile, the Moving Average Convergence Divergence (MACD) has produced a bullish crossover, with expanding green histogram bars reinforcing the improving technical outlook.However, if the current recovery loses momentum and sellers regain control, SHIB could retreat toward its yearly low near $0.0000040, where buyers may attempt to defend the broader uptrend.The post Shiba Inu tops $0.0000042 as exchange outflows and bullish derivatives boost sentiment appeared first on CoinJournal.

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