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…

fun’s BOOST buybacks helped offset selling from the latest token unlock.PUMP reclaimed $0.002 as daily trading volume topped $135 million.Bulls are watching the $0.00210-$0.00215 resistance zone.Pump.fun price extended its recovery this week, climbing above the $0.002 mark as buying pressure continued to outweigh concerns over a major token unlock.The token gained more than 14% over the past 24 hours, with trading volume rising to roughly $135 million, showing that market participation remained elevated during the rally.Notably, the price hike comes after one of the largest vesting events for the project, a development that many traders expected would trigger heavy selling.BOOST buybacks absorbed the token unlock pressureA key catalyst behind the latest rally has been the BOOST mechanism, which creates ongoing buying pressure for PUMP through token buybacks.The feature has become an important part of the project’s token economy and has attracted renewed attention as the token recovered from recent lows.Introducing BOOST mode – the new standard launch mechanism for EVERY new pump fun coinOver $100M in dead liquidity is lost every year when tokens migrate. Now, we’re reinjecting future liquidity into EVERY BONDED COIN.Learn more 👇 pic.twitter.com/FJEE0rSXiB— Pump.fun (@Pumpfun) July 21, 2026But the recovery has been particularly notable because it followed a major vesting event.Around 32.5 billion PUMP tokens allocated to investors and another 50 billion tokens allocated to the team became eligible for unlocking as part of the project’s vesting schedule.Rather than leading to an immediate collapse in price, the market continued to absorb the additional supply.The remaining unlocked allocations are scheduled to enter circulation gradually over the next 36 months instead of all at once.That has shifted traders’ attention toward whether continued demand can keep pace with future releases rather than focusing solely on the initial unlock.Technical indicators point to an improving trendThe improving price structure has also been reflected across several technical indicators.PUMP has recovered above the Guppy Multiple Moving Average cluster, a sign that short-term momentum has strengthened.Pump.fun token price chartAt the same time, the Supertrend indicator has turned bullish as the token attempts to break above the upper boundary of a long-term descending channel that has capped price advances for months.PUMP price analysisAnother closely watched development is the behavior of derivatives markets.Unlike rallies driven primarily by leverage, recent data showed that open interest declined while the token price continued to rise.That combination suggests that spot market demand has played a larger role in supporting the recovery.Trading activity has also accelerated significantly. Daily trading volume climbed above $135 million, while recent sessions recorded volume growth of more than 500% compared with earlier levels.Higher participation has helped support the move as buyers pushed the token back above the psychological $0.002 level.Market participants have also been watching the positioning of well-known Solana trader Ansem, who publicly disclosed a long position around the $0.001675 area.The disclosure drew additional attention to PUMP during the early stages of its recovery and coincided with improving sentiment across the Solana memecoin sector.Key PUMP price levels to watchThe next technical test lies around the $0.00210 to $0.00215 resistance zone, where previous rallies have struggled to maintain momentum.A sustained move above that area would place the next upside targets between approximately $0.0025 and $0.0028.On the downside, immediate support is seen between $0.00185 and $0.00190.A deeper pullback could bring the $0.00170 area back into focus, while broader technical analysis identifies around $0.00130 as a level that would invalidate the current bullish structure.Longer term, some market observers have pointed to $0.005 as a possible target if the current breakout develops…

Ethereum gained 24% in the past month, beating Bitcoin’s 8% rise.BitMine increased its holdings with a purchase of 9,946 ETH.Spot Ethereum ETF inflows continue to support ETH demand.Ethereum has extended its recent rally, outperforming Bitcoin over the past month as institutional demand continues to strengthen.The latest boost came after BitMine Immersion Technologies announced another large Ethereum purchase, adding more ETH to its treasury and bringing its total holdings to 5,787,414 ETH.Ethereum gains strength against BitcoinEthereum has continued to outperform Bitcoin over the past month, highlighting renewed investor interest in the second-largest cryptocurrency.The ETH/BTC ratio recently climbed to 0.03, marking its highest level in around three months.Ethereum-Bitcoin ratioThe hike reflects Ethereum’s stronger performance relative to Bitcoin rather than a decline in Bitcoin’s price.During the past 30 days, Ethereum gained approximately 24%, compared with Bitcoin’s increase of around 8% over the same period.Ethereum has also maintained positive momentum across shorter timeframes.It rose about 4% over the past 24 hours and more than 5% over the last seven days, while extending its 14-day gain to roughly 10.5%.Despite the recent rally, Ethereum remains well below its all-time high of $4,946.05, leaving it considerably below its previous peak even after the latest advance.BitMine expands its Ethereum treasuryBitMine Immersion Technologies has strengthened its Ethereum strategy by purchasing another 9,946 ETH over the past week.Following the acquisition, the company now holds 5,787,414 ETH worth approximately $11.2 billion based on current market prices.The latest purchase reinforces BitMine’s position as the largest publicly known corporate holder of Ethereum.The company has repeatedly stated that it intends to build one of the largest long-term Ethereum treasuries, and the latest transaction moves it closer to that objective.A key part of BitMine’s strategy is staking its Ethereum holdings rather than leaving them idle.Around 4.92 million ETH, representing roughly 85% of its total holdings, are currently staked.This allows the company to generate staking rewards while maintaining its long-term investment in Ethereum.Share buybacks add to investor confidenceBitMine’s latest Ethereum purchase was accompanied by continued share repurchases.The company bought back 6.1 million shares during the latest week after repurchasing 5.5 million shares the previous week. Both transactions form part of its authorized $4 billion share buyback program.3/
“Bitmine repurchased 6.1 million shares of common stock in the past week, an increase from the 5.5 million purchased the week prior. We increased our equity buyback as we view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign… pic.twitter.com/LVOB46sIgL— Bitmine (NYSE-BMNR) $ETH (@BitMNR) July 27, 2026Following the buyback update, BitMine’s stock, trading under the ticker BMNR, gained more than 5% following the announcement, reflecting a favorable market response to both the company’s expanding Ethereum holdings and its capital management strategy.Tom Lee points to improving Ethereum momentumBitMine Executive Chairman Tom Lee highlighted several indicators that continue to support Ethereum’s recent performance.According to Lee, the ETH/BTC ratio reaching a three-month high signals improving strength for Ethereum relative to Bitcoin.He also identified the $2,000 and $2,500 price levels as key resistance zones that traders are watching as the rally continues.Lee further noted that Ethereum has significantly outperformed Bitcoin over the past month, reinforcing the company’s decision to focus its treasury strategy on ETH rather than other digital assets.Institutional demand has also remained a major theme in Ethereum’s recent price action.Continued inflows into spot Ethereum ETFs have provided additional buying pressure, while large treasury purchases from companies such as BitMine have strengthened…

Bybit’s new simulator previews both Dual Asset settlement outcomes clearly.Redesigned interface reduces steps needed to compare terms and place orders.VIP-tier products with enhanced APR rates open to all users every Friday.Bybit said on Friday that it had upgraded its Dual Asset product with a new investment simulator, a simplified interface and broader access to products carrying VIP-tier annual percentage rates.The Dubai-based company, which describes itself as the world’s second-largest cryptocurrency exchange by trading volume, said the changes are intended to make the short-term structured investment product easier to understand and use.Bybit Dual Asset is a non-principal-protected product that allows users to set a target price for buying or selling cryptocurrency.Investors earn APR rewards on their principal at settlement, regardless of whether the selected target price is reached.A simulator for settlement outcomesThe main addition is a simulator that lets users preview potential outcomes before placing an order. Traders can choose a token from a searchable list, enter their investment amount and select from the available durations.The tool displays the two possible settlement scenarios side by side in a single illustration, giving users a clearer view of the product’s possible outcomes.A “Match My Assets” filter also highlights coins based on a user’s existing holdings.Bybit said this feature is designed to make product selection more efficient. Users can reach the simulator by switching on “Beginner Mode” under “Choose Product Plan”.The company has also redesigned the wider Dual Asset interface. The updated layout reduces the number of steps needed to compare product terms and place an order.VIP products open to all on FridaysBybit is also expanding access to Dual Asset products previously limited to VIP customers. Every Friday, all users will be able to access selected VIP-exclusive products with enhanced APR rates without holding a VIP membership.The weekly access window extends the higher-rate offering to a broader section of the exchange’s user base while retaining the existing product structure.Bybit said users can earn a competitive yield when a target trade is executed, settling at the preset price while also receiving APR rewards.The product may also allow users to buy at a lower price or sell at a higher price than through a direct trade when the target price is reached.When the target is not triggered, users receive their principal back together with the APR rewards accrued during the investment period.The company noted, however, that the product remains non-principal-protected and that terms, eligibility requirements and potential restrictions apply.The post Bybit adds simulator, unlocks VIP crypto yields for all in Dual Asset upgrade appeared first on CoinJournal.

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World Chain launches streamed EIP-7928 on mainnet Aug. 17.New feature enables parallel block verification for validators.Upgrade targets higher throughput without more hardware.World Chain said it will become the first production layer-2 blockchain to deploy streamed EIP-7928 block access lists, introducing the feature on its mainnet from Aug. 17 in a move aimed at improving transaction throughput without increasing validator hardware requirements.The network said it will stream full block access lists inside every flashblock, allowing validators to begin verifying transactions while blocks are still being assembled.The implementation is designed to address one of the blockchain industry’s key scaling challenges—boosting transaction capacity without compromising decentralization by forcing validators to use increasingly powerful hardware.According to the company, the rollout marks the first production implementation of streamed EIP-7928 block access lists and contributes to Ethereum’s broader scaling roadmap.Parallel verification targets higher throughputOn most blockchain networks, validators verify blocks by re-executing every transaction sequentially before confirming a block’s validity.World Chain said full block access lists change that process by recording the blockchain state that each transaction reads and writes, enabling independent transactions to be verified simultaneously across multiple CPU cores.The company said its implementation extends the EIP-7928 specification by streaming access list data every 200 milliseconds through its flashblock architecture.Instead of waiting for an entire block to be completed, validators can begin verifying transactions immediately as the block is built.World Chain said this approach reduces validation latency while distributing verification work throughout the block-building process.The network said the technology allows it to target throughput of up to one gigagas per second while keeping validator hardware requirements effectively unchanged.Deployment avoids hard fork requirementUnlike Ethereum’s planned implementation of EIP-7928, which is expected to arrive as part of the future Glamsterdam upgrade, World Chain said it is deploying the feature through a runtime flag rather than a hard fork.This approach allows client operators to upgrade software ahead of the Aug. 17 mainnet rollout without requiring a coordinated network-wide upgrade.The company said internal benchmarking on World Chain test networks showed validation latency remained effectively stable even as throughput increased substantially, reaching up to one gigagas per second using standard cloud infrastructure.According to the results, higher transaction throughput can be achieved without a corresponding increase in the computing resources required for independent chain verification.Focus on scalability and decentralizationWorld Chain said the rollout is intended to demonstrate a practical approach to improving blockchain scalability while preserving accessibility for independent validators, which it described as an important requirement for maintaining decentralized networks.The layer-2 network is built using the OP Stack, secured by Ethereum, and forms part of the Superchain ecosystem.It is integrated with the World protocol and is designed to support applications including stablecoin payments, international remittances, commerce and other real-world use cases.The network also incorporates World ID’s proof-of-human technology and can be accessed through compatible wallets, including World App. The post World Chain to launch streamed EIP-7928 block access lists appeared first on CoinJournal.

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Key takeawaysEthereum trades near $1,918 with a mildly bullish short-term outlook.ETH holds above the 50-day EMA at $1,864 but remains capped by the 100-day EMA near $1,924.The RSI at 56 signals steady buying momentum without overbought conditions.Ethereum consolidates near $1,918Ethereum (ETH) trades around $1,918, maintaining a mildly constructive outlook as buyers defend the area above its 50-day Exponential Moving Average (EMA).The second-largest cryptocurrency is currently caught between the 50-day EMA at approximately $1,864 and the 100-day EMA near $1,924. This narrow range reflects an ongoing battle between buyers seeking to extend the recovery and sellers defending the longer-term resistance level.Ethereum’s ability to hold above the 50-day EMA suggests that traders continue to buy price declines. However, ETH must decisively overcome the 100-day EMA to establish stronger bullish momentum.ETH buyers defend the 50-Day EMAThe 50-day EMA at $1,864 provides Ethereum’s most important near-term support. ETH’s position above this indicator signals that the short-term trend is improving and that buyers remain active during pullbacks. Continued support above the moving average would preserve the possibility of a breakout toward $2,000.However, Ethereum remains below the 100-day EMA at $1,924. This moving average has emerged as an immediate barrier and could continue to limit the recovery unless trading volume and buying pressure strengthen.A sustained daily close above $1,924 would provide an early indication that bulls are gaining control.Ethereum’s momentum indicators support a cautiously optimistic outlook. The Relative Strength Index stands near 56, above its neutral midpoint of 50. This reading points to steady bullish momentum while remaining comfortably below the overbought threshold of 70.The RSI therefore leaves Ethereum with room to advance before the rally becomes technically overstretched.Meanwhile, the Moving Average Convergence Divergence line remains slightly negative but continues to improve. This setup indicates that bearish momentum is weakening, although it does not yet confirm a fully established bullish trend.Together, the RSI and MACD suggest that buyers are gradually strengthening their position.Ethereum faces its first immediate resistance at the 100-day EMA near $1,924. A decisive move above this level could clear the way toward the psychological and horizontal resistance at $2,000. This area will likely represent a significant test because round-number levels often attract increased selling and profit-taking.A sustained breakout above $2,000 would improve Ethereum’s technical structure and bring the 200-day EMA at approximately $2,124 into focus.The 200-day EMA is particularly important because it serves as a broader measure of the long-term trend. ETH would need to reclaim this level to signal a more significant bullish reversal.Ethereum’s recovery faces three major overhead barriers:The 100-day EMA at $1,924The psychological resistance at $2,000The 200-day EMA at $2,124Breaking through $1,924 would strengthen the short-term outlook, while a move above $2,000 could attract additional buying interest.However, the 200-day EMA at $2,124 remains the broader trend cap. Failure to clear this moving average could leave Ethereum vulnerable to renewed selling pressure after any short-term rally.The current pivot area around $1,918 provides Ethereum’s initial support. If ETH loses this level, the 50-day EMA at $1,864 would become the next important defensive zone. Buyers must protect this moving average to preserve the constructive short-term structure.ETH/USD 4H ChartA decisive break below $1,864 could weaken momentum and increase the risk of a deeper correction. In that scenario, the distant horizontal support at $1,385 could eventually come into focus, although intermediate support levels may slow the decline.For now, Ethereum maintains a mildly bullish bias above the 50-day EMA. A confirmed close above $1,924 is needed to open the path toward $2,000 and…

Key takeawaysXRP trades around $1.03 after falling more than 5% during the previous week.The token remains below its 50-day, 100-day, and 200-day EMAs, maintaining a bearish technical structure.An RSI reading near 39 and a negative MACD signal indicate persistent selling pressure.XRP trades near $1.03 on Monday, recording a modest rebound after declining more than 5% during the previous week.Despite the intraday recovery, XRP retains a bearish near-term outlook because it remains below all three major Exponential Moving Averages. Weak momentum indicators also suggest that sellers continue to control the broader price trend.The $1.00 psychological level is now crucial. Buyers must defend this support to prevent another leg lower, while XRP needs to reclaim the 50-day EMA at $1.10 to improve its short-term outlook.XRP remains below all major moving averagesXRP currently trades below the 50-day EMA at $1.10, the 100-day EMA at $1.18, and the 200-day EMA at $1.37Trading below all three moving averages reflects weakness across short-, medium-, and long-term time frames.The positioning also creates a wide zone of overhead resistance. Any XRP recovery is likely to face renewed selling as the price approaches these moving averages.The 50-day EMA at $1.10 represents the first major test. A sustained daily close above this level would suggest that short-term momentum is beginning to improve.XRP’s momentum indicators remain bearish despite Monday’s slight recovery. The Relative Strength Index stands near 39, below its neutral midpoint of 50. This reading shows that selling pressure remains dominant, although XRP has not yet entered the conventional oversold zone below 30.The Moving Average Convergence Divergence indicator is also negative, reinforcing the bearish outlook.Together, the RSI and MACD suggest that XRP’s rebound may remain limited unless buyers return with stronger trading volume. Any short-term rallies could attract selling while the token remains beneath its major moving averages.XRP approaches critical $1 supportThe psychological and horizontal level at $1.00 provides XRP’s most important immediate support.Buyers may attempt to defend this area because round-number levels often attract increased demand. Holding above $1 could allow XRP to consolidate and make another attempt to reclaim its 50-day EMA.However, a decisive daily close below $1.00 would weaken the technical structure and could accelerate selling pressure.The absence of another specified nearby support means that a breakdown could expose XRP to a deeper correction as traders search for the next demand zone.XRP must break above the 50-day EMA at $1.10 to begin reversing its bearish short-term trend.The move from $1.03 to $1.10 would require a gain of nearly 7%. Clearing this moving average could encourage buyers to target the 100-day EMA at $1.18.If XRP breaks above $1.18, the horizontal resistance at $1.30 would become the next upside target.However, each of these levels could attract profit-taking and renewed selling, making a sustained recovery dependent on strong demand and improving momentum.The 200-day EMA at $1.37 represents XRP’s most substantial technical barrier. This moving average serves as an important gauge of the broader trend. XRP would need to reclaim it to signal a meaningful shift away from its long-term bearish structure.Beyond $1.37, the next major resistance is located around $1.90. However, this target remains distant while XRP trades below its nearer moving-average barriers.For now, the more immediate recovery path runs through $1.10, $1.18, and $1.30.XRP/USD 4H ChartXRP’s technical outlook remains bearish despite its modest recovery to $1.03. The token’s position below all major moving averages and its weak momentum indicators suggest that sellers retain control. The $1.00 support level will determine whether XRP can stabilize or faces another wave of losses.Holding above $1 could support consolidation and a recovery toward the 50-day EMA at $1.10. Conversely, a decisive breakdown would…

Key takeaways Stellar has fallen below a critical support zone.The long-to-short ratio for XLM has declined to 0.94 and 0.90, respectively.The funding rate for XLM has turned negative, reflecting stronger demand for short positions.XLM continues to underperformStellar (XLM) remains under pressure on Tuesday after recording modest declines during the previous session. XRP is drifting toward the psychologically important $1.00 level, while XLM has slipped below a key support zone.Weakening derivatives-market indicators are limiting the prospects of an immediate recovery for XLM. Declining long-to-short ratios, negative funding rates and rising open interest suggest that traders are increasingly positioning for further price declines. XLM’s long-to-short ratio has fallen to 0.90 on Tuesday, approaching its lowest level in more than a month.A ratio below one indicates that short positions outnumber long positions, meaning more traders are betting that the assets will decline. The current readings suggest that bearish sentiment is particularly strong among XLM traders.The falling ratios also indicate that confidence in a near-term rebound is weakening as both assets struggle to recover from their recent losses.XLM technical forecast: XLM could dip to $0.1500Stellar (XLM) trades near $0.161 on Tuesday, extending its decline below the short- and medium-term Exponential Moving Averages. The current structure keeps XLM’s near-term outlook bearish as buyers struggle to regain control.The token remains below the descending trendline breakout level at $0.166, which now acts as immediate resistance. Its Relative Strength Index stands near 35, indicating weak buying momentum without placing XLM in technically oversold territory.The Moving Average Convergence Divergence indicator also remains below its zero line, reinforcing the downside bias as XLM consolidates beneath its key moving averages.If a recovery begins, XLM must first reclaim the descending trendline near $0.166. A sustained move above that level could allow buyers to challenge the horizontal resistance at $0.177.XLM/USD 4H ChartThe 50-day EMA at $0.178 and the 100-day EMA at $0.181 create a concentrated resistance zone that could limit further gains. Above these levels, the 200-day EMA at $0.193 represents a broader bearish pivot. Reclaiming this moving average would be necessary to signal a more meaningful change in trend.On the downside, XLM’s next major support is located at $0.142. A decisive break below this level could accelerate the current decline and expose the token to further losses before buyers attempt to establish a new price floor.The post Stellar price risks a deeper correction toward $0.142 appeared first on CoinJournal.

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Key takeawaysBitcoin trades below $64,000 as stalled US-Iran negotiations weaken demand for risk-sensitive assets.Rising oil prices are increasing inflation concerns and expectations of another Federal Reserve rate hike.US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, ending a five-day inflow streak.Bitcoin (BTC) is struggling below $64,000 at the time of writing on Tuesday as rising oil prices and uncertainty surrounding the US-Iran negotiations weigh on market sentiment.Weakening institutional demand has added to the pressure. US spot Bitcoin exchange-traded funds recorded net outflows at the beginning of the week, ending a five-day run of positive flows.The combination of geopolitical uncertainty, renewed inflation concerns and softer ETF demand is keeping investors cautious and limiting Bitcoin’s ability to recover.US-Iran deadlock pushes oil prices higherNegotiations between the United States and Iran over a potential peace agreement and the reopening of the Strait of Hormuz appear to have reached an impasse.US President Donald Trump responded to Iran’s conditions for a peace agreement with additional demands on Monday, including compensation for people killed in wars, attacks and protests, according to Reuters.The rhetorical escalation could complicate diplomatic efforts and delay the reopening of the Strait of Hormuz, a critical route for global energy shipments.Concerns about prolonged disruption have pushed oil prices higher while pressuring risk-sensitive assets such as Bitcoin.A sustained increase in energy prices could lift production and transportation costs, creating renewed inflationary pressure. Higher inflation could give the Federal Reserve more reason to maintain restrictive monetary policy or raise interest rates.Expectations of another Federal Reserve rate increase have strengthened alongside the rally in oil prices.The CME FedWatch Tool shows that market participants are pricing in a 51.3% probability of a 25-basis-point rate hike at the Fed’s September meeting. That figure has increased from 44.1% on Friday.Higher interest rates generally reduce demand for speculative assets by increasing borrowing costs and making interest-bearing investments more attractive. As a result, rising rate-hike expectations could continue to limit Bitcoin’s upside.However, expectations could shift again in response to incoming inflation, employment and economic-growth data.Institutional demand for Bitcoin began the week on a weaker footing. US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, according to SoSoValue. The withdrawal ended five consecutive trading days of net inflows.ETF flows are closely watched because they provide insight into demand from institutional and traditional-market investors. Sustained inflows can support Bitcoin by increasing spot-market buying, while persistent outflows can add selling pressure.Monday’s outflow does not necessarily establish a broader trend. However, additional withdrawals throughout the week could deepen Bitcoin’s correction and further weaken investor sentiment.Bitcoin price remains below key moving averagesBitcoin trades near $63,916 at the time of writing on Tuesday after falling 1.44% during the previous session.The cryptocurrency remains below a cluster of important Exponential Moving Averages, maintaining its bearish near-term structure.The 50-day EMA at $64,625 represents Bitcoin’s nearest resistance. Above that level, the 100-day EMA at $66,795 and the 200-day EMA at $72,045 create additional barriers.With all three moving averages positioned above the current price, BTC faces substantial resistance during any recovery attempt.Momentum indicators also show a lack of decisive buying pressure. The Relative Strength Index stands near 48, slightly below its neutral midpoint of 50.Meanwhile, the Moving Average Convergence Divergence line remains marginally below zero and close to its signal line. The setup reflects weak and largely directionless momentum rather than a confirmed…

Key takeawaysHarmony’s ONE token plunged roughly 40% following an apparent exploit that created about 4 billion tokens.The unauthorized issuance was equivalent to approximately 26% of ONE’s existing supply.Harmony released an emergency software update to prevent further minting and urged network operators to install it immediately.Harmony’s ONE token fell approximately 40% on Wednesday after an apparent exploit reportedly created around 4 billion new tokens.Harmony confirmed the attack and instructed the network operators responsible for maintaining the blockchain to install an emergency software update. The project said the patch would prevent the attacker from minting additional ONE tokens.However, the update does not resolve the status of tokens that were already created. Harmony is still evaluating how to isolate or remove those assets from circulation.The scale of the incident triggered intense selling pressure as traders assessed the risks of token dilution, exchange deposits, and a potential reversal of blockchain transactions.Unauthorized issuance equals 26% of ONE supplyApproximately 15 billion ONE tokens existed before the exploit. The creation of another 4 billion represents a sudden supply increase of roughly 26%.Such a large unauthorized issuance can severely dilute existing holders. If the attacker successfully transfers the newly created tokens to exchanges and sells them, the additional circulating supply could place further downward pressure on ONE’s price.Harmony has not officially confirmed the total number of tokens minted or explained how the reported 4 billion figure was calculated.The network was once among the cryptocurrency industry’s largest projects, reaching a market capitalization of approximately $4 billion in January 2022.Harmony temporarily paused its token bridge to prevent potentially compromised assets from moving between networks.The project also asked centralized exchanges to block and freeze funds traced to four wallet addresses associated with the incident. By flagging those addresses, Harmony hopes trading platforms can prevent the attacker from converting or withdrawing the newly minted tokens.Cooperation from exchanges may limit the damage if the assets remain identifiable. However, recovery becomes more difficult if the tokens are swapped through decentralized exchanges, transferred to other networks or divided among additional wallets.Blockchain transaction monitoring may still allow investigators to trace some movements, but it cannot guarantee that all unauthorized assets will be recovered.Harmony’s software update is intended to close the vulnerability and stop any additional ONE from being created.Network operators must adopt the new software for the patch to become effective across the blockchain. A coordinated upgrade is therefore essential to ensure that validators and other infrastructure providers follow the corrected network rules.Harmony has not publicly identified the vulnerability, disclosed how the attacker gained minting authority or confirmed whether any additional parts of the protocol remain at risk.Until the project releases a complete technical explanation, uncertainty may continue to weigh on ONE and applications operating on the network.“We are working on a patch and rollback options,” Harmony said, promising further updates as its investigation progresses.A rollback would return the blockchain to a state recorded before the exploit. The network would then resume from that point, removing subsequent transactions from its accepted history.This approach could erase the creation of unauthorized tokens still on Harmony. However, it could also reverse legitimate transactions completed after the selected rollback point.Will ONE recover following the massive dip?The ONE/USD 4-hour chart is extremely bearish and efficient, as ONE has lost 40% of its value in the last 24 hours.The coin briefly dropped to the $0.000605 level before bouncing back to now trade above $0.00074.The technical indicators suggest that the bears…

Key takeawaysUniswap falls nearly 6% on Wednesday after declining 5% in the previous session.Uniswap has launched Continuous Clearing Auctions on Avalanche, allowing teams to conduct on-chain token sales and bootstrap liquidity.UNI’s social dominance and volume have fallen sharply, signaling weaker retail attention.Uniswap (UNI) faces intense selling pressure on Wednesday, falling nearly 9% after recording a 5% decline the previous day.The pullback comes despite Uniswap’s continued product expansion, including the introduction of Continuous Clearing Auctions on Avalanche. The feature allows blockchain projects to conduct fully on-chain token auctions and establish initial liquidity through Uniswap v4.However, declining social activity and derivatives demand suggest the launch has not been enough to offset the cryptocurrency market’s broader risk-averse mood.Continuous clearing auctions launch on AvalancheUniswap’s Continuous Clearing Auctions provide Avalanche developers with a new mechanism for launching tokens and bootstrapping liquidity onchain.The model is designed to reduce friction during token distribution by allowing teams to conduct auctions transparently through smart contracts. Projects can then connect their newly distributed tokens with Uniswap v4 liquidity.The launch expands Uniswap’s presence on Avalanche and strengthens its role as infrastructure for token issuance, trading and liquidity management.It follows the recent launch of the TradePools platform on Robinhood, which allows users to deposit USDC, USDT or ETH in pursuit of yield.While these developments may support Uniswap’s long-term utility, they have yet to produce a meaningful improvement in near-term demand for UNI.Retail interest in Uniswap is weakening as traders prepare for the release of July’s US Consumer Price Index report, scheduled for Wednesday at approximately 12:30 GMT.The CPI reading could influence the Federal Reserve’s next interest-rate decision and affect demand for risk assets. A hotter-than-expected report could strengthen expectations for tighter monetary policy, while softer inflation could improve sentiment across cryptocurrency markets.Santiment data shows Uniswap’s social dominance fell to 0.08% on Tuesday from 0.19%. Social volume also declined to 40 from 152.The sharp contraction indicates that UNI accounts for a smaller share of cryptocurrency discussions and is attracting less attention from retail traders.Uniswap’s derivatives market reinforces the decline in retail participation.CoinGlass data shows UNI futures open interest fell more than 3% over the past 24 hours to $261.60 million. The decline indicates traders are closing positions and reducing their leveraged exposure.Long liquidations reached $2.88 million during the same period, significantly exceeding short liquidations of just $1,950. The imbalance shows that falling prices have disproportionately forced bullish traders out of their positions.However, UNI’s open-interest-weighted funding rate improved to 0.0016% from negative 0.0054% the previous day.The return to positive funding indicates that the remaining leveraged market carries a slight bullish bias. Still, falling open interest and heavy long liquidations suggest overall sentiment remains fragile.Uniswap Technical outlook: UNI tests 100-day EMAUniswap is testing its 100-day Exponential Moving Average at $3.55, an important near-term support level.UNI remains below the 50-day EMA at $3.65 and the 200-day EMA at $3.93. These moving averages create overhead resistance and reinforce the prevailing bearish structure.The Relative Strength Index has declined to 40, placing it below the neutral midpoint of 50 and indicating growing selling momentum. However, the indicator remains above the oversold threshold of 30.The Moving Average Convergence Divergence indicator has also fallen below its signal line, while its expanding bearish profile suggests downside momentum is strengthening.A decisive daily close below the 100-day EMA at $3.55 could extend Uniswap’s decline…

Key takeawaysXLM remains under pressure at $0.160.Positive funding rates for both tokens offer limited hope of a recovery.XLM must reclaim the $0.176–$0.180 area to improve its outlook.XLM continues to trade below several major moving averages. Mixed derivatives and on-chain signals reveal uncertainty among traders, leaving XLM exposed to further losses despite tentative signs of improving sentiment.XLM traders show mixed positioningCoinGlass derivatives data points to a more bearish outlook for Stellar. XLM’s long-to-short ratio was notably weaker at 0.92, approaching its lowest level in more than a month. A reading below one indicates that short positions outnumber longs, reflecting expectations of further downside.Funding rates for both tokens have improved despite their weak price performance. XLM’s funding rate climbed to 0.0092%. Positive funding means traders holding long positions are paying short sellers, generally indicating bullish demand in the perpetual futures market.The figures suggest that some traders are willing to maintain bullish exposure while prices remain under pressure. However, continued declines could leave those long positions vulnerable to liquidations.CryptoQuant data presents a mixed picture for Stellar. XLM’s futures market shows selling-side dominance across both spot and futures markets. The presence of large whale orders adds uncertainty, but the broader data continues to favor caution while sellers control trading activity.Stellar remains below major moving averagesStellar traded near $0.160 on Thursday, maintaining a bearish short-term outlook below all three major EMAs.The 50-day EMA is positioned at $0.176, while the 100-day and 200-day EMAs stand at $0.180 and $0.190, respectively. Their convergence above the current price creates a dense resistance zone that buyers must overcome before a meaningful recovery can develop.Momentum indicators also remain weak. XLM’s RSI is near 33, placing it close to oversold territory, while the MACD continues to trade in negative territory.Although the low RSI could eventually support a relief rally, it does not by itself confirm that XLM has reached a bottom.The first important resistance zone for Stellar sits between the 50-day EMA at $0.176 and horizontal resistance at $0.177.A break above this area could ease selling pressure and open the way toward the 100-day EMA at $0.180. Bulls would then need to clear the 200-day EMA at $0.190 to establish a stronger recovery.XLM/USD 4H ChartIf XLM remains below these levels, the bearish outlook will persist. Continued selling could send the token toward its next meaningful horizontal support at $0.142, where buyers may attempt to defend the price.For now, XRP’s slight bullish positioning provides limited recovery hope, but both tokens remain technically vulnerable while trading below their major moving averages.The post Stellar’s XLM token slides below key moving averages appeared first on CoinJournal.

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Key takeawaysHyperliquid gained 2% on Thursday after advancing nearly 3% in the previous session.Hyperion DeFi’s HYPE holdings recorded a $31 million fair-value increase during the second quarter.HYPE futures Open Interest rose more than 4% to $2.38 billion, while trading volume jumped 45%.Hyperliquid (HYPE) extended its recovery on Thursday as sustained corporate demand and improving derivatives activity supported bullish momentum.The token gained approximately 2%, building on its nearly 3% advance during the previous session. HYPE is now approaching its 50-day Exponential Moving Average (EMA) near $58.37, which represents the next major obstacle to further gains.A decisive break above this level could allow Hyperliquid to target the $62.58 supply zone.Corporate treasuries maintain strong HYPE exposureCorporate interest in Hyperliquid remains firm, with HYPE-focused digital-asset treasuries increasing their exposure while benefiting from the token’s rising market value.Hyperliquid Strategies held 17.60 million HYPE, up from 12.50 million in January. The market value of its holdings climbed from $703 million at the end of the first quarter to approximately $980 million in the second quarter.Hyperion DeFi also increased its treasury holdings from 1.88 million HYPE to 1.93 million. The value of its position rose from $77 million at the end of the first quarter to $107 million in Q2, representing a $31 million fair-value increase.The stability and growth of these corporate positions indicate continued confidence in the Hyperliquid ecosystem.Digital-asset treasury companies can provide sustained demand by accumulating and holding tokens over longer periods. However, concentrated corporate holdings may also create selling risks if treasury firms later reduce their exposure.Retail and derivatives activity has strengthened alongside the price recovery. CoinGlass data shows HYPE futures Open Interest rose more than 4% over the past 24 hours to $2.39 billion. Increasing Open Interest indicates that the notional value of active contracts is rising, potentially reflecting the creation of new positions.Trading volume also jumped 45% to $1.60 billion over the same period, showing that traders are becoming more active as HYPE approaches key resistance.The simultaneous rise in price, trading volume and Open Interest supports the view that fresh capital is entering the market rather than the recovery being driven solely by traders closing existing positions.Hyperliquid’s liquidation data reflects a bullish short-term bias. Short liquidations reached $1.34 million over the previous 24 hours, significantly exceeding the $251,040 in liquidated long positions. The imbalance suggests rising prices forced bearish traders to close leveraged positions.HYPE’s funding rate remained positive at 0.0080%, despite experiencing brief moves into negative territory. Positive funding means traders holding long positions are paying shorts, showing a willingness to pay a premium for bullish exposure.While the data supports further gains, rising leverage could increase volatility. An unexpected reversal could trigger long liquidations and place renewed pressure on the token.HYPE remains above long-term supportHYPE continues to trade above its 200-day EMA at $51.29 and a rising trendline near $53.05.These levels reinforce the token’s broader constructive structure and could attract buyers if the recovery loses momentum.The Moving Average Convergence Divergence indicator has crossed above its signal line, while its histogram remains positive. The shift indicates that bullish momentum is gradually rebuilding.The Relative Strength Index stands near 50, reflecting neutral conditions and leaving room for further gains before the token enters overbought territory.The 50-day EMA at approximately $58.37 remains the immediate resistance level controlling HYPE’s short-term outlook.A decisive daily close above the moving average could confirm strengthening bullish momentum and open the way toward the $62.58 supply zone.HYPE/USD…

Key takeawaysBitcoin trades near $63,567 on Friday after rebounding from support around $62,300.BTC remains below its 50-day, 100-day and 200-day EMAs, preserving the broader bearish bias.The RSI at 46 and a negative MACD signal weak momentum despite the recent stabilization.Bitcoin (BTC) shows signs of stabilization on Friday after recovering from a correction earlier in the week.BTC trades around $63,567 after buyers defended the $62,300 support level on Thursday. Holding this area could provide the foundation for a short-term rebound, but the price remains below all its major Exponential Moving Averages (EMAs).Weak momentum indicators and several resistance barriers above the current price suggest that any recovery may remain limited unless Bitcoin reclaims the $64,488–$66,604 region.Bitcoin rebounds from $62,300 supportBitcoin found support around $62,300 on Thursday before recovering to approximately $63,567 on Friday.The rebound indicates that buyers remain active near the lower boundary of the current range. However, BTC continues to trade below the 50-day, 100-day, and 200-day EMAs, which are positioned between $64,488 and $72,035.When the price trades below these major moving averages, they can act as dynamic resistance during recovery attempts. This structure suggests the broader trend remains bearish despite Bitcoin’s ability to defend short-term support.A stronger reversal would require BTC to reclaim the 50-day EMA before challenging the higher resistance levels created by the longer-term averages.Bitcoin’s Relative Strength Index stands near 46, below the neutral level of 50.The reading indicates that sellers maintain a slight advantage, although the indicator remains well above oversold territory. A move above 50 would suggest improving momentum and could reinforce the likelihood of a broader recovery.The Moving Average Convergence Divergence remains below its zero line, supporting the bearish outlook.Together, the indicators show that downside pressure has eased but has not disappeared. Bitcoin needs stronger buying volume and a decisive move above nearby resistance to confirm a momentum shift.BTC faces resistance at $64,488The 50-day EMA at approximately $64,488 represents Bitcoin’s first significant resistance level.A daily close above this moving average could strengthen the rebound and allow BTC to challenge the 38.2% Fibonacci retracement level near $65,547.Beyond that, the horizontal resistance at $66,500 and the 100-day EMA at $66,604 form a dense supply zone. Sellers may defend this region aggressively, particularly after Bitcoin’s recent correction.If buyers overcome the $66,500–$66,604 range, the 50% Fibonacci retracement near $67,940 would become the next upside target.A sustained move above $67,940 would substantially improve the short-term technical outlook, although the 200-day EMA near $72,035 would remain a major long-term barrier.On the downside, initial support sits at the 23.6% Fibonacci retracement level around $62,586.The horizontal floor at $62,300 provides the next and more critical support. This level triggered Thursday’s recovery and remains essential to Bitcoin’s short-term outlook.BTC/USD 4H ChartA daily close below $62,300 would invalidate the immediate rebound scenario and signal that selling pressure is strengthening.Such a breakdown could expose Bitcoin’s broader support near $57,800, which marks the current cycle low. Buyers would likely attempt to defend this area because a sustained move below it could extend the wider bearish trend.For now, holding above $62,300 keeps the possibility of a recovery toward $64,488 and $65,547 intact. However, Bitcoin must reclaim the major moving averages to demonstrate that bulls are taking control.The post Bitcoin holds $62,300 support as BTC attempts short-term recovery appeared first on CoinJournal.

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Key  takeawaysSharpLink Gaming plans to stake $200 million worth of Ethereum through Lido.The allocation will be converted into wrapped staked ETH and held with Anchorage Digital.wstETH enables SharpLink to earn staking rewards while retaining access to DeFi liquidity.SharpLink Gaming (SBET) plans to allocate $200 million worth of Ethereum to Lido as the company seeks to generate additional returns from its expanding ETH treasury.The Ethereum will be staked and converted into wrapped staked ETH, known as wstETH. Anchorage Digital will provide institutional custody for the assets, according to SharpLink’s announcement on Thursday.The allocation adds Lido to SharpLink’s wider staking and restaking strategy, allowing the company to earn Ethereum network rewards while maintaining greater flexibility over how it deploys its holdings.SharpLink expands its Ethereum staking strategySharpLink is pursuing ways to increase the productivity of the ETH held on its balance sheet instead of leaving the assets idle.Through Lido, the company will stake $200 million in ETH and receive wstETH in return. The token represents staked Ethereum and the rewards generated from participating in the network’s proof-of-stake validation system.Unlike directly staked ETH, wstETH can be transferred, traded or used within compatible decentralized finance applications while the underlying tokens continue generating staking rewards.The structure could allow SharpLink to earn a base Ethereum staking yield while retaining the option to deploy its wstETH across other protocols.SharpLink CEO Joseph Chalom described the allocation as an expansion of the company’s strategy to make its ETH holdings more productive. He said wstETH provides composability while allowing the company to maintain institutional risk standards.SharpLink will custody the resulting wstETH with Anchorage Digital. The decision provides the company with a regulated institutional custodian while it increases its exposure to Ethereum’s staking and decentralized finance infrastructure.Institutional custody is particularly important for corporate crypto treasuries because companies must manage operational, cybersecurity and governance risks alongside potential investment returns.SharpLink did not disclose whether Anchorage Digital would also facilitate deployment of the wstETH into other DeFi platforms or whether the assets would initially remain in custody.Technical forecast: LDO targets the $0.3370 resistanceThe LDO/USD 4-hour chart remains bearish despite Lido rallying over the past few hours. However, the technical indicators suggest that the bulls could push the price higher in the near term.The RSI of 57 is above the neutral 50, indicating that the bears are no longer in control of the market. The MACD lines also add further confluence to the bullish narrative.If the rally persists, LDO could target the first major resistance at the $0.3370 level, which also coincides with the TLQ on the 4-hour timeframe.LDO/USD 4H ChartAn extended rally could allow LDO to reclaim the $0.4063 swing high for the first time since July 27.However, if the bears regain control, LDO could retest last week’s low of $0.2716 in the near term. The post LDO surges as SharpLink seeks to stake $200m in ETH via Lido appeared first on CoinJournal.

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Key takeawaysChainlink trades around $9.42 after gaining more than 14% last week.A long-to-short ratio of 0.76 and negative funding point to weakening derivatives sentiment.Spot LINK ETFs attracted $2.07 million on Monday, their largest daily inflow since July 22.Losing support at $9.39 could trigger a pullback toward $8.94 and the $8.60–$8.50 region.Chainlink (LINK) is struggling to overcome resistance near $9.56 on Tuesday, pausing after rallying more than 14% during the previous week.Weakening derivatives indicators suggest that bullish momentum may be losing strength. However, renewed institutional demand through spot LINK exchange-traded funds could support another attempt to move higher.Derivatives traders adopt a bearish stanceCoinGlass data shows early signs of weakening sentiment in Chainlink’s derivatives market.LINK’s long-to-short ratio stands at 0.90 on Tuesday, close to its lowest level in a month. A reading below one indicates that short positions outnumber long positions, suggesting more traders expect the price to decline.Chainlink’s funding rate also turned negative, falling to minus 0.0050%. Negative funding means short-position holders are paying traders with long exposure, reflecting a bearish imbalance in the perpetual futures market.Together, the indicators suggest that derivatives traders are becoming more cautious after LINK’s double-digit weekly rally.However, heavily bearish positioning could also increase the possibility of a short squeeze if Chainlink breaks through its nearby resistance levels.Institutional demand showed improvement at the beginning of the week. Data from SoSoValue shows that spot Chainlink ETFs recorded $2.07 million in net inflows on Monday. This represented the products’ largest single-day inflow since July 22.The increase suggests that institutional investors are rebuilding exposure to LINK following its recent recovery.Continued ETF inflows could help absorb profit-taking and provide the demand needed for Chainlink to overcome the 200-day Exponential Moving Average. However, a single day of positive flows is insufficient to establish a lasting trend.A sustained series of inflows throughout the week would provide stronger confirmation of renewed institutional interest.Chainlink price outlook: LINK tests the 200-day EMAChainlink trades around $9.42 on Tuesday and remains above its 50-day and 100-day EMAs, positioned at $8.50 and $8.60, respectively.Holding above these moving averages supports a mildly bullish medium-term outlook. However, LINK remains below the 200-day EMA at $9.56, which is limiting the current recovery.The token has reclaimed the 61.8% Fibonacci retracement at $9.39, establishing this level as immediate support.Momentum indicators remain constructive but show that LINK may be approaching stretched conditions. The Relative Strength Index is near 67, just below the overbought threshold of 70, while the Moving Average Convergence Divergence indicator remains positive.These readings suggest that buyers retain control but may encounter increasing resistance following last week’s sharp rally.A decisive daily close above the 200-day EMA at $9.56 would strengthen Chainlink’s bullish outlook and bring the horizontal resistance at $9.92 into focus.LINK/USD 4H ChartClearing both barriers could allow LINK to test the 78.6% Fibonacci retracement at $10.04. Beyond that, the cycle-high region around $10.87 represents the next major bullish objective.On the downside, the 61.8% Fibonacci level at $9.39 provides the first line of support. A break below this area could trigger a pullback toward the 50% retracement at $8.94.Stronger support is concentrated between the 100-day EMA at $8.60 and the 50-day EMA at $8.50. Holding this zone would preserve the medium-term recovery structure, while a decisive breakdown could return control to sellers.The post Chainlink pauses near $9.56 as ETF inflows support breakout hopes appeared first on CoinJournal.

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Key takeawaysZcash dipped 1% on Tuesday following Monday’s rally. day, The Ironwood shielded pool now holds 3.07 million ZEC, representing 70% of total shielded volume.ZEC is approaching the apex of a symmetrical triangle, with resistance near $528.Zcash (ZEC) dipped 1% on Tuesday despite the massive rally on Monday. The surge earlier this week comes as rising Ironwood adoption and stronger derivatives activity supported demand.The privacy coin trades above $500 and is approaching the apex of a symmetrical triangle pattern. A breakout above the upper trendline could strengthen the bullish outlook and bring the $600 region into focus.Ironwood shielded volume crosses 3 million ZECMigration to Zcash’s Ironwood shielded pool continues to gain traction following the discovery of a counterfeiting vulnerability affecting the network’s older pool infrastructure.Data from Zkp.baby shows that Ironwood’s shielded volume reached 3.07 million ZEC on Monday. The pool now accounts for approximately 70% of the total ZEC held in shielded pools.Meanwhile, volume in the older Orchard pool has declined to 761,889 ZEC as users continue migrating their holdings.The shift toward Ironwood indicates growing adoption of the updated shielded infrastructure. It also suggests that users are responding to the network’s security changes while maintaining demand for Zcash’s privacy features.Zcash’s derivatives market is also showing renewed retail participation. CoinGlass data shows that ZEC futures Open Interest decreased 1% over the past 24 hours to $924.16 million. The decrease signals that traders are closing new positions or allocating more capital to existing contracts.Zcash price outlook: ZEC approaches triangle breakoutZcash trades above $500 on Tuesday, maintaining a mildly bullish technical outlook as it holds above the 50-day Exponential Moving Average at approximately $490.The 200-day EMA near $420 also supports the broader bullish structure. Meanwhile, the price is contracting between two converging trendlines, forming a symmetrical triangle on the daily chart.This pattern typically indicates declining volatility before a larger directional move. However, the triangle does not confirm whether the eventual breakout will be bullish or bearish.Momentum indicators provide mixed but improving signals. The Relative Strength Index has risen above its neutral level to 55, suggesting renewed buying pressure.The Moving Average Convergence Divergence indicator remains marginally below its signal line, pointing to some lingering downside pressure. A bullish crossover would provide additional confirmation that buyers are regaining control.Zcash faces immediate resistance at the triangle’s upper trendline near $528. A sustained daily close above this level would confirm a bullish breakout and could propel ZEC toward the 78.6% Fibonacci retracement at approximately $595. This level is calculated from the decline between $690 and $250.ZEC/USD 4H ChartClearing $595 would bring the psychologically important $600 level into focus and strengthen the prospect of a broader trend continuation.On the downside, the 50-day EMA near $490 provides initial support. A breakdown below this moving average could extend the correction toward the 50% Fibonacci retracement at $470.If selling pressure intensifies, the 200-day EMA at approximately $420 represents the next major support level. Holding above these moving averages would preserve Zcash’s broader recovery structure.The post Zcash dips 1% as Ironwood adoption and futures demand strengthen appeared first on CoinJournal.

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The first question for any crypto prop firm is whether trades hit a real order book or a simulation.A crypto-native perpetuals trader gets the most from a crypto-first structure with verifiable payouts.HyroTrader is crypto only: USDT perpetual futures, no forex pairs, no indices, no metals.Every crypto prop firm’s homepage makes the same pitch: six figures of buying power, a generous profit split, a challenge fee that looks small next to the capital on offer. Read five pricing pages in a row, and they blur into one.The differences that decide whether a funded account survives live below the marketing.They come down to three structural questions: where orders execute, how drawdown is measured, and what a payout actually is.A trader who can answer all three about a firm knows more than most reviews will ever tell them.Test one: where orders executeThe first question for any crypto prop firm is whether trades hit a real order book or a simulation.Both architectures exist, and both can be honest; the failure mode is a simulation dressed up as the real thing.HyroTrader put direct exchange execution at the center of its model in 2023, the first crypto prop firm to do it.Traders connect to Bybit by API, and trade USDT perpetual futures on the trader’s own account against live order books, across more than 700 pairs.The same firm shows what honest simulation looks like.Its CLEO platform, built for traders in Bybit-restricted countries, prices from real-time Binance market data and order book depth while filling trades internally, and it simulates the unflattering parts: market impact, commissions, slippage landing in the position PnL at fill.If a firm will not say plainly where fills happen, assume the answer costs you money.Test two: how drawdown is measuredTwo firms quoting the same daily limit can be selling different products, because what matters is the reference point.HyroTrader’s standard daily drawdown is trailing: measured from the highest equity point reached during the day, unrealized profit included, so the risk line rises as the day goes well.Its swing variant, sold as a paid upgrade, is static, measured from the day’s starting equity and reset once every 24 hours.The daily limit itself is 4 percent on the one-step model and 5 percent on the two-step, calculated from initial capital.A trailing limit punishes how you win. Ride a position up, give a third of the move back, and the giveback can trip the limit while the day is still green.Crypto compounds the effect because volatility arrives in bursts; CoinJournal’s analysis of Bitcoin’s current tight range describes exactly the kind of compression that precedes them.Test three: what a payout actually isA payout policy is three numbers and a proof: how often, how fast, and whether anyone can verify it happened.At HyroTrader, payouts are on demand, typically processed within 12 to 24 hours, in USDT or USDC, with no withdrawal commissions, and the first one can be requested as early as the day of the first trade.Since April 2026, payouts through its vault system execute as Solana transactions with publicly verifiable IDs on Fireblocks infrastructure, so the proof does not depend on the firm’s word.Cost belongs in the same test. HyroTrader’s challenge fees run one-time, from $59 for a 5,000 USDT account to $969 for 200,000 USDT, with no recurring charges, and the fee is refunded with the first profit split after passing.A firm confident in its payout process has no reason to bury these numbers.The honest trade-offHyroTrader is crypto-only: USDT perpetual futures, no forex pairs, no indices, no metals.A trader who wants gold or the S&P alongside BTC needs a multi-asset firm and accepts the different execution model that comes with it.There are consistency rules too: during evaluation, no single day may contribute more than 40 percent of the result, though exceeding the cap only discounts the excess rather than failing the account.The structure fits deliberate traders and frustrates all-in ones, which is the point.Choosing by…