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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Cardano (ADA) gained 7.8% in 24 hours as buying momentum returned.Van Rossem upgraded Cardano with faster smart contracts.Whale accumulation has put the $0.20 level back in focus.Cardano has bounced back after a sharp sell-off, with ADA climbing nearly 8% over the past 24 hours to trade around $0.1747.The recovery comes amid a combination of strong whale accumulation, a major network upgrade, and renewed buying interest, even as lingering security concerns persist in the broader ecosystem.Notably, the recovery has also brought a key level back into focus.After gaining 11% over the past seven days and reaching an intraday high of $0.1774, focus is now on whether ADA can build enough momentum to challenge the $0.20 mark in the coming sessions.Whale accumulation and price recovery strengthen bullish sentimentCardano’s recent rebound comes after a period of heavy selling that pushed ADA to a 24-hour low of $0.1615 before buyers stepped in.The token has since recovered to around $0.1747, reflecting a 7.8% daily gain and signalling that demand has returned after the decline.ADA price One of the biggest developments supporting the recovery is increased whale activity.Large holders have reportedly accumulated substantial amounts of ADA during the recent weakness, a trend that is often viewed as a sign of confidence from long-term investors.The accumulation has fueled speculation that Cardano could attempt a move toward $0.20, a level that has emerged as an important psychological resistance.Trading activity has also remained strong. Cardano recorded approximately $435 million in 24-hour trading volume, highlighting continued participation as the token recovered from recent lows.Van Rossem hard fork marks a major milestone for CardanoBeyond price action, Cardano has received a fundamental boost through the successful activation of the Van Rossem hard fork, which upgraded the blockchain to Protocol Version 11.The upgrade introduces several technical improvements designed to enhance the network’s efficiency.These include lower-cost and faster execution of Plutus smart contracts, updated cost models, additional built-in functions for developers, and stronger node security.Perhaps more importantly, the upgrade represents a governance milestone for the blockchain.It is the first Cardano hard fork approved entirely through the network’s on-chain governance system, with participation from Delegated Representatives (DReps), Stake Pool Operators (SPOs) and the Constitutional Committee.The successful implementation reinforces Cardano’s transition toward community-led governance while providing developers with improved tools for decentralised finance, NFT applications and other blockchain-based services.Hoskinson shifts focus to long-term network developmentAs ADA experienced heightened volatility, Charles Hoskinson, the founder of Cardano and chief executive of Input Output Global (IOG), urged investors to focus on the network’s long-term development rather than short-term price swings.Hoskinson said Cardano should be measured by the strength of its technology and the continued decentralisation of its ecosystem.He also explained that IOG intends to place greater emphasis on research and innovation while more organisations take responsibility for maintaining Cardano’s core infrastructure.According to Hoskinson, development of Cardano’s Haskell-based node software is already being shared among multiple companies, reflecting the project’s broader push toward decentralised development.These comments came as the network continued expanding its governance model following the Van Rossem upgrade, adding another layer to Cardano’s long-term roadmap.Bridge exploit adds caution despite improving outlookWhile Cardano has benefited from positive developments, the ecosystem also faced negative headlines after an exploit involving Wanchain’s Cardano bridge.The incident resulted in the theft of approximately 515 million NIGHT tokens, valued at around $9 million. However, the exploit affected the bridge infrastructure…

Ethereum (ETH) has gained 8.8% in a week as momentum strengthened.BlackRock’s ETHA helped drive fresh spot ETF inflows.$2,000 remains Ethereum’s next major resistance level.Ethereum has extended its latest recovery, climbing above the $1,900 level and putting the $2,000 mark back into focus.The recovery comes after several weeks of improving price action, renewed institutional interest, and technical signals that suggest bulls have regained control in the short term.At press time, ETH was trading at $1,942.56, up 4.2% over the last 24 hours.The cryptocurrency is up 8.8% over the past seven days, 9.7% over the last two weeks, and 12.3% during the past month, highlighting a steady recovery after months of weaker performance.Technical momentum builds as ETH approaches key resistanceEthereum’s latest rally has brought it close to an important technical zone.The cryptocurrency briefly traded just below $1,947, leaving it only a few dollars away from testing the upper end of its 24-hour range.Several technical indicators have turned more constructive during the recent advance.ETH has moved above both its 20-day and 50-day exponential moving averages (EMAs), a development that often reflects improving short-term momentum.At the same time, the Relative Strength Index (RSI) has climbed close to 70, indicating strong buying activity while also suggesting traders may watch for increased volatility if the rally accelerates.According to crypto analyst Javon Marks, Ethereum has also broken above a long-standing descending trendline.Marks believes the breakout could represent the early stages of a broader recovery if buyers manage to defend recently reclaimed support levels.$ETH continues to hold in presumably its largest accumulation phase ever and a resulting bull move out of it can be MONSTROUS!We continue to target levels at:$5000
$8500
$12000Ethereum looks ripe… pic.twitter.com/NVRJZdNHdF— JAVON⚡️MARKS (@JavonTM1) July 20, 2026The first major resistance zone now sits between $1,950 and $2,150.A sustained move through that area would strengthen the bullish structure and shift attention toward higher technical targets.Beyond that zone, analysts are monitoring additional resistance levels around $2,501, $2,970, and $3,349.Those levels would need to be cleared before Ethereum could challenge stronger resistance near $3,728, $4,108, and eventually its previous all-time high of $4,946.05, which was recorded in August 2025.ETF inflows and institutional accumulation support the recoveryThe latest price gains have coincided with renewed institutional demand for Ethereum.Spot Ethereum exchange-traded funds (ETFs) in the United States have returned to positive net inflows after an extended period of outflows.Ethereum ETFs Among the largest contributors has been BlackRock’s ETHA fund, reinforcing signs that institutional investors are once again allocating capital to Ethereum.Corporate treasury activity has also remained in focus.BitMine added another 7,430 ETH during its latest reporting period.Although that represented its smallest weekly purchase since adopting its Ethereum treasury strategy, the slowdown has been linked to the company nearing its stated objective of controlling approximately 5% of Ethereum’s circulating supply rather than a change in its investment strategy.BitMine now holds roughly 5.777 million ETH, representing close to 4.8% of the existing supply. Around 85% of those holdings are staked, generating an estimated $247 million in annual staking rewards.The company has also shifted part of its capital allocation toward a $4 billion share buyback programme, while maintaining its long-term Ethereum position.1/
BitMine provided its latest holdings update for July 20, 2026 $11.5 billion in total crypto + "moonshots":
– 5,777,468 ETH at $1,879 per ETH per ETH (per @coinbase)
– 207 Bitcoin (BTC)
– $180 million stake in Beast Industries @MrBeast
– $58 million stake in Eightco…— Bitmine (NYSE-BMNR) $ETH (@BitMNR) July 20, 2026Ethereum price outlookFrom a technical perspective…

Whale bought about 200 million DOGE near the $0.07 support.Dogecoin has stayed below its 20-day EMA for a record 65 days.Bulls must reclaim $0.075-$0.08 to improve momentum.Dogecoin has struggled to keep pace with the broader cryptocurrency market, even as Bitcoin and several large-cap digital assets have posted stronger performances in recent weeks.The popular memecoin is trading at $0.07267, down 0.7% over the past 24 hours, with its price confined to a narrow $0.07207–$0.07381 trading range.While the subdued price action reflects weaker momentum, on-chain activity and technical indicators suggest a cautious outlook.Whale buying contrasts with weak price actionOne of the notable developments in recent days has been renewed whale activity.Reports indicate that a large investor acquired roughly 200 million DOGE, a purchase valued at about $14 million, while the token traded near the $0.07 level.Large purchases of this size often attract attention because they can signal confidence from investors with significant capital.However, the buying has not yet translated into a broader recovery in price.Dogecoin remains nearly 90.1% below its all-time high of $0.7316, reached in May 2021, although it is still more than 83,000% above its all-time low recorded in 2015.The muted reaction reflects the broader slowdown in the memecoin market, where trading enthusiasm has eased compared with earlier phases of the crypto cycle.Technical indicators show key support facing an important testPrice action continues to revolve around the $0.07-$0.071 support zone, an area identified by several market analysts as a key technical level.Holding above this range would preserve the possibility of a recovery, while a decisive move below it could expose Dogecoin to additional downside toward the $0.060-$0.058 region.On the upside, resistance begins around $0.07394, which aligns with the 20-day exponential moving average.Additional resistance sits near $0.075, followed by the 50-day EMA around $0.07950.Beyond that, traders are watching the $0.08 level, with $0.08736 near the 100-day EMA and the 200-day EMA around $0.10368 representing higher resistance levels.The technical picture remains challenging because Dogecoin has now spent 65 consecutive trading sessions below its 20-day moving average, the longest streak on record.Investor Jordi Visser said this prolonged weakness suggests retail participation has yet to return to the market, raising questions about whether the broader crypto rally has fully expanded beyond Bitcoin and other leading assets.Despite the bearish trend, momentum indicators are beginning to show signs of exhaustion.The monthly Stochastic RSI has moved into oversold territory, a condition that technical analyst Trader Tardigrade compared with previous market cycles that were later followed by strong recoveries.$Doge/monthly#Dogecoin bounces every single time it touches this support trendline — and the pump after each touch is accelerating.2017: Touch → Pump
2020: Touch → Bigger pump
2026: Touch → ?This is a long-term support that has held for nearly a decade. Every bounce gets… pic.twitter.com/4paJozoI6j— Trader Tardigrade 🧬 (@TATrader_Alan) July 22, 2026Oversold readings alone do not guarantee a reversal, but they indicate that selling pressure may be weakening.DOGE’s recovery depends on reclaiming key resistance levelsDogecoin’s technical outlook now depends on whether Dogecoin can maintain support above $0.07.A sustained move above $0.075 would represent an early improvement in momentum, while reclaiming $0.08 would strengthen the short-term outlook.Some technical models point to $0.105 as a potential upside target if support continues to hold and buying momentum builds.Other longer-term projections have suggested that Dogecoin could revisit the $0.15-$0.22 range under favourable market conditions.Those projections, however, depend on stronger participation across the cryptocurrency market and a broader recovery in memecoin sentiment rather than current price action alone.For now…

XRP holds above the $1.13 breakout level.Whale selling drops as large holders increase accumulation.XRPL daily payments surpass 500,000 transactions.XRP recently moved above the $1.13 level, a price zone that many traders had been watching as a major resistance area.Holding above this level has shifted attention toward higher resistance levels, with market analyst Dark Defender identifying $1.22, or approximately $1.2269, as the next upside target using Elliott Wave analysis and Fibonacci extension levels.XRP a clear break and expected to complete the 5 Wave structure we set on 30 Jun. I will add it as a second post for you to check!$1.13 is the KEY. $1.22 is in sight. (NFA)Enjoy your day!#XRPArmy #ripple pic.twitter.com/gPCyQQgfzO— Dark Defender (@DefendDark) July 21, 2026Dark Defender’s analysis suggests that maintaining support above the breakout zone remains critical for the bullish structure to stay intact.A sustained move above the current range would strengthen the technical setup, while a drop back below the breakout level could trigger another test of lower support.Golden cross and breakout strengthen XRP’s technical pictureAnother development attracting attention is the appearance of a golden cross, a chart pattern that occurs when a shorter-term moving average crosses above a longer-term moving average.Shiba Inu price analysisThis signal has historically been associated with improving medium-term momentum.Although a golden cross does not guarantee higher prices, it is widely regarded as one of the stronger confirmation signals when it appears alongside a confirmed breakout.The combination of a resistance breakout and a golden cross has created a stronger technical backdrop than either signal would have provided independently.Focus is now on whether XRP can build enough momentum to challenge the next resistance area identified by Dark Defender.Whale accumulation replaces heavy selling pressureOn-chain data has also shown a noticeable change in the behaviour of large XRP holders.Recent blockchain metrics indicate that whale selling pressure has dropped to its lowest level recorded since 2025.Earlier in the year, hundreds of millions of XRP were regularly transferred by large holders to exchanges, increasing potential selling pressure.Those exchange inflows have since declined sharply, suggesting that major holders are becoming less active sellers.At the same time, blockchain data points to accelerating whale accumulation, indicating that some large investors are increasing their XRP positions instead of reducing them.Normally, buying activity from large wallets reduces immediate selling pressure on the market.Even so, whale accumulation alone does not determine future price direction. A sustained rally still depends on broader market demand and continued buying interest across both institutional and retail participants.XRPL network activity reaches important milestoneBeyond price action, the XRP Ledger has also recorded stronger network usage.Daily payment activity on the XRPL recently climbed above 500,000 transactions, marking one of the strongest levels of network utilisation in recent months.XRPL payment transactionPayment volume is one of the key indicators used to measure blockchain activity because it reflects how frequently the network is being used for transfers and settlement.The increase in payment activity comes alongside growing development across the XRPL ecosystem, including projects focused on integrating artificial intelligence with blockchain infrastructure.While these initiatives are still developing, they point to broader activity taking place beyond simple token trading.The post XRP price eyes breakout as golden cross, whale accumulation and XRPL activity surge appeared first on CoinJournal.

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OLY aims to align token incentives by rewarding long-term holders instead of short-term sellers.Exit taxes fund staking rewards, liquidity defense, token burns, and protocol-owned yield-generating vaults.The protocol uses staking, governance, and liquidity mechanisms to discourage value extraction and volatility.By Rembrandt, founder of OLYCharlie Munger had a rule that explains more of crypto than any whitepaper ever written: “Show me the incentive and I will show you the outcome.”Now look at the incentives of every token you have ever held. Strip away the Discord, the roadmap, the word “community,” and the game underneath is simple: a pool of limited liquidity and a race to take it from each other.There is exactly one way to get paid: market-sell before everyone else does. Buy early, dump at the right moment, onto the latecomers and the believers.The traders dumped at the first sign of weakness. The mercenary farms dumped their emissions on your head.The VCs unlocked and sold into your conviction. A handful of early insiders capture most of the money, everyone else funds it, and the whole arrangement wears the costume of a movement. That is not a market failure.That is the design, working exactly as built: player versus player, dressed up as community. For four straight cycles the patient subsidized the impatient, and the industry called it normal. We all know what it was: extraction by design.OLY exists because that game does not deserve another cycle.Before OLY had a name, it had a list of every action a user can take in a token’s life: buy, hold, stake, provide liquidity, sell slowly, sell instantly. Each one was tested against a single question.Does this action feed the people who stay, or feed on them? Then every action was priced to match. Nothing is banned, and nothing is free of consequence.Munger’s rule, run in reverse: choose the outcome, then build the incentive that makes it the rational move.The result runs like a machine with three parts. The fuel: tax revenue, paid by sellers. The engine: the vaults that generate long-term revenue for stakers.The defense: a strategic liquidity buy wall that meets every crash. Start with the fuel, because nothing shows the design faster than the exits.The fuel: exits, pricedOLY has three exits, priced by the damage they do.A market-sell is the only act that truly pushes the price down. Every red candle you have ever stared at was someone choosing the fastest door.OLY prices that door to match the damage: a dynamic tax that scales with the protocol’s market cap, highest while the protocol is young and stepping down automatically as it grows.The exact brackets live in the whitepaper; the principle is what matters: the cost of the fast door falls as the protocol grows.Taxes in the main pool are collected in ETH, using Uniswap V4 hooks. A limit order waits for a real buyer instead of eating the book, for a small flat fee.An exit through single-sided liquidity is the unsung hero of the design. Instead of selling into the pool, you become the pool: your tokens sit as depth, earn trading fees while they wait, and convert to ETH as buyers arrive.It is the one exit that cannot print a red candle, and it costs zero.That price is not generosity. The protocol wants every leaver to choose the door that leaves the market standing.What OLY prices is the damage: leave through the cheapest door and nobody feels it; slam the expensive one and you pay everyone still in the room.Notice what the tax is in this design. Not a punishment. A price, and a revenue stream. Sellers are not the enemy; they are the fuel.The engine: where the revenue goesThe largest share flows into a staked-ETH vault earning validator rewards through Lido.The rest is split between a Uniswap liquidity vault that earns trading fees, direct staker payouts in ETH, a buy and burn that permanently shrinks supply, and the protocol’s newest layer: the Liquidity Defense, which gets its own section below. A percentage of the downside, captured and recycled into the system.Follow…

Key takeawaysXRP continues to trade below its 50-day EMA, keeping the short-term trend bearish.Momentum indicators are improving, with the MACD turning more positive and the RSI rising to around 55.A break above $1.15 could strengthen the recovery, while failure to do so may trigger another pullback.Ripple’s native token, XRP, remained under pressure on Thursday, extending its corrective phase as it traded below the 50-day Exponential Moving Average (EMA). Although the cryptocurrency has rebounded from recent lows, buyers continue to face strong resistance that has limited the recovery.The current technical setup suggests that while bullish momentum is gradually improving, XRP has yet to confirm a sustained trend reversal.50-Day EMA continues to cap upsideXRP is currently trading below the 50-day EMA at $1.1458, while remaining well beneath the 200-day EMA at $1.4425.These moving averages continue to act as significant resistance levels, preventing the token from building stronger upward momentum.Recent price action indicates that buyers have successfully defended lower support zones, but rallies have repeatedly stalled before reclaiming key technical levels.Despite the broader corrective trend, technical indicators suggest that buying pressure is slowly returning.The Moving Average Convergence Divergence (MACD) remains on an upward trajectory, with both the MACD line and signal line advancing while the histogram continues expanding into positive territory. This indicates that bullish momentum is strengthening.Meanwhile, the Relative Strength Index (RSI) has climbed to approximately 55, placing it above the neutral 50 level. The reading suggests buyers are gradually regaining control without the market entering overbought conditions.Together, these indicators point to improving market sentiment, although confirmation of a sustained recovery will require a breakout above key resistance.Key Resistance LevelsThe first major obstacle for XRP is the 50-day EMA at $1.1458. Just above that sits the 50% Fibonacci retracement level of the recent decline from $1.2935 to $1.0092, located around $1.1514.A decisive move above this resistance zone would improve the short-term outlook and could encourage additional buying interest.If XRP fails to break higher, traders will likely monitor several important support areas:38.2% Fibonacci retracement: $1.1178Broken ascending trendline: Around $1.093723.6% Fibonacci retracement: $1.0763Recent swing low: $1.0092Holding above these support levels would help preserve the current recovery structure, while a break below them could expose XRP to further downside.XRP/USD 4H ChartXRP remains in a cautious recovery phase, supported by improving momentum indicators but constrained by significant technical resistance.A successful breakout above the $1.1458–$1.1514 resistance zone would provide the first meaningful signal that bulls are regaining control. Until then, the token is likely to remain in a consolidation phase, with traders watching whether support around $1.12 can withstand renewed selling pressure.The post XRP faces resistance below the 50-Day EMA despite improving momentum appeared first on CoinJournal.

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Key takeawaysZcash (ZEC) is trading above $500 but continues to face selling pressure beneath a descending resistance trendline.The token remains above its 50-day EMA at $489 and 200-day EMA at $407, preserving its longer-term bullish structure.Technical indicators show mixed signals, with the RSI near neutral and the MACD slipping below zero.Zcash (ZEC) extended its recent pullback on Thursday, trading above the $500 level as sellers continued to defend a key descending resistance trendline.Although short-term momentum has weakened, the privacy-focused cryptocurrency remains above important long-term support levels, suggesting that the broader uptrend has not yet been invalidated.Descending trendline limits upsideZEC has struggled to overcome a descending trendline that currently sits near $581. Repeated rejections at this resistance level indicate that sellers remain active during rallies, preventing the token from extending its previous bullish advance.Despite the recent weakness, Zcash continues to trade above both its 50-day Exponential Moving Average (EMA) at $489 and the 200-day Exponential Moving Average (EMA) at $407Holding above these moving averages suggests that buyers still retain control of the longer-term trend, even as short-term momentum cools.Momentum indicators currently provide a balanced outlook for Zcash. The Relative Strength Index (RSI) is hovering around 52, remaining close to the neutral 50 level. This indicates that neither buyers nor sellers have established clear dominance, reflecting a period of consolidation.Meanwhile, the Moving Average Convergence Divergence (MACD) has slipped below the zero line, signaling that bullish momentum has weakened in the near term.While the MACD points to increasing downside pressure, the broader market structure remains constructive as long as key support levels continue to hold.Key resistance levelsThe first major challenge for ZEC is the descending resistance trendline near $581. A successful breakout above this barrier would strengthen the bullish outlook and could pave the way for a retest of the previous swing high around $690.Reclaiming these levels would signal renewed buying interest and potentially restart the broader uptrend.On the downside, the 50-day EMA at $489 serves as the most important immediate support.A sustained move below this level could expose ZEC to additional selling pressure, although the 200-day EMA at $407 remains a strong longer-term support zone that could attract buyers if the correction deepens.ZEC/USD 4H ChartZcash remains in a healthy long-term uptrend despite its recent pullback. While weakening momentum and resistance around $581 continue to cap gains, the token’s ability to remain above both its 50-day and 200-day EMAs suggests that the broader bullish structure remains intact.A decisive break above the descending trendline would likely shift momentum back in favor of buyers, while a loss of support at the 50-day EMA could trigger a deeper correction before the next upward move.The post ZEC dips toward the 50-Day EMA as momentum softens appeared first on CoinJournal.

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Ethena (ENA) is testing critical support at $0.085.A 290M ENA wallet transfer raised selling concerns.Bitcoin’s next move could determine ENA’s direction.Ethena is back in focus after a large wallet transfer drew attention at a time when the token is already testing a crucial price level.While the transfer sparked concerns about potential selling pressure, the broader market reaction has remained measured.ENA tests key support as whale transfer attracts attentionEthena was trading at $0.08695, down 2.4% over the past 24 hours, after moving between $0.08530 and $0.09125 during the session.Although the daily decline has put pressure on the token, ENA is still up 8.3% over the past seven days and 11.1% over the last two weeks, showing that it has recovered part of the losses recorded earlier this year.The latest market attention came after a wallet linked to Ethena’s Coinbase custody holdings transferred approximately 290 million ENA, valued at about $26.4 million, to another wallet that has previously interacted with cryptocurrency exchanges.Today, Ethena's Coinbase custody wallet (0x631) transferred 290m $ENA, worth $26.41m, to the personal wallet 0xfDD.Based on its transaction history, wallet 0xfDD typically transfers ENA to personal wallets, which are then used to sell the tokens on Binance and Coinbase.… https://t.co/CkCGU73kLv pic.twitter.com/jkB8dFUNEG— Nazoku (@Nazo_ku) July 23, 2026Transactions of this size often raise concerns because they can precede exchange deposits and increased selling activity.However, the transfer alone did not trigger an immediate wave of selling.Market data showed that exchange netflows remained negative, meaning more ENA continued leaving exchanges than entering them. That suggests the transaction has not yet translated into confirmed selling pressure in the spot market.The transfer has therefore become an important signal for traders rather than confirmation of a bearish trend.Focus is now on whether additional transfers to centralised exchanges follow in the coming sessions.Falling trading volume points to weak selling convictionAnother notable development is the decline in trading activity.ENA recorded approximately $89.4 million in 24-hour trading volume, while recent market data showed that daily trading activity had dropped by more than 40% compared with previous sessions.Lower trading volume during a price decline often indicates that sellers are becoming less aggressive rather than accelerating their positions.While this does not guarantee a reversal, it also means the recent weakness has not been accompanied by unusually strong conviction from the market.The token’s historical price action also provides additional context.ENA reached an all-time high of $1.52 in April 2024 but currently trades about 94.3% below that level.At the same time, it remains roughly 23.4% above its all-time low of $0.07023, recorded on June 30, 2026.These figures highlight that ENA continues to trade much closer to its recent lows than its previous peak, making current support levels particularly significant for short-term price direction.$0.085 remains the level traders are watchingFrom a technical perspective, $0.085 has emerged as the most important near-term support level.Ethena price analysisA sustained move below this area, especially if accompanied by rising trading volume, would increase the likelihood of a decline toward the next major support around $0.080.On the upside, resistance is beginning to form between $0.093 and $0.096.Price data also shows a concentration of short liquidation levels just above $0.093, meaning a successful breakout through that region could trigger additional buying as short positions are forced to close.For now, ENA remains caught between these two key technical zones, leaving traders focused on confirmation rather than anticipation.Bitcoin’s next move could shape ENA’s directionBeyond token-specific developments, Bitcoin continues to play an important role in ENA’s short-term outlook.Market participants are watching…

The lawsuit was filed the day BitMEX announced its shutdown.Lawsuit alleges excess Bitcoin collateral was retained.Plaintiffs claim losses totalling 622.66 BTC.BitMEX is facing fresh legal trouble after a class-action lawsuit accused the cryptocurrency derivatives exchange of deliberately engineering customer liquidations to take possession of traders’ Bitcoin collateral.The lawsuit was filed on the same day the company announced plans to shut down its operations, placing renewed attention on allegations surrounding its liquidation system and trading practices.The case, filed in the US District Court for the Southern District of New York, seeks to recover hundreds of bitcoins that the plaintiffs claim were wrongfully taken through forced liquidations.Lawsuit claims more than 622 Bitcoin were wrongfully seizedThe lawsuit was brought by BKX Services Inc. and investor David Namdar, who allege they collectively lost 622.66 BTC because of BitMEX’s liquidation process.According to the complaint, BKX Services lost at least 305.81 BTC, while David Namdar claims losses exceeding 316.85 BTC.The plaintiffs argue that these losses were not the result of normal market conditions but stemmed from a liquidation system that allegedly operated in BitMEX’s favour.The complaint accuses the exchange of intentionally triggering liquidations that enabled it to retain customers’ remaining Bitcoin collateral.It further alleges that BitMEX profited from these liquidations instead of returning any excess collateral after positions were closed.The plaintiffs are seeking damages and other legal remedies, arguing that the exchange’s practices caused significant financial losses over multiple trading events.Plaintiffs challenge BitMEX’s liquidation modelAt the center of the lawsuit is BitMEX’s liquidation engine, which the plaintiffs claim was designed to benefit the exchange rather than protect traders from excessive losses.BitMEX became one of the largest crypto derivatives platforms by offering leveraged trading of up to 100x, allowing traders to control positions much larger than their deposited collateral.While leverage can increase profits, it also raises the risk of liquidation when the market moves against a position.The complaint alleges that traders’ positions were liquidated even when the remaining collateral exceeded the amount required to cover losses. Instead of returning the excess Bitcoin after closing the positions, the lawsuit claims BitMEX retained those funds.The plaintiffs also allege that server outages and disruptions during periods of heightened market volatility contributed to liquidations that could have been avoided.According to the filing, these incidents prevented some traders from managing or closing their positions before they were automatically liquidated.The lawsuit argues that these practices allowed the exchange to accumulate customer Bitcoin through forced liquidations rather than simply covering trading losses.Legal action coincides with BitMEX shutdown announcementThe timing of the lawsuit has drawn attention because it was filed on the same day BitMEX announced that it would cease operations.The company said it plans to shut down on September 23, 2026, following a strategic review of its business.As part of the closure process, customers have been advised to close open positions and withdraw their assets before operations end.The legal action now adds another layer of uncertainty to the exchange’s final weeks of operation.While the shutdown announcement focused on the company’s decision to wind down its business, the lawsuit raises separate allegations regarding the handling of customer funds and liquidation practices.The claims made in the complaint have not been proven in court, and the lawsuit represents allegations brought forward by the plaintiffs.The court proceedings will determine whether BitMEX or its related entities bear legal responsibility for the alleged losses.The case also revives long-running scrutiny of BitMEX’s liquidation system, which has been…