Key takeawaysCardano (ADA) consolidates below $0.20 on Monday after losing 21% in October, with support holding around $0.1894.Large investors holding between 10 million and 100 million ADA have reduced their share of circulating supply from 38.03% to 37.45%.Technical indicators remain bearish, with a break below $0.1894 potentially exposing ADA to further declines toward $0.1712 and $0.1537.Cardano (ADA) is struggling to regain momentum on Monday, trading below $0.20 after a difficult October that wiped 21% off its value. The cryptocurrency has managed to hold above the $0.1894 support level, but declining whale holdings and weakening derivatives activity suggest that buyers are still reluctant to return.ADA has been relatively stable since Thursday’s nearly 8% selloff, although there is little evidence of a meaningful recovery taking shape.On-chain data from Santiment shows that large Cardano investors have reduced their holdings over the past month, while CoinGlass figures point to a noticeable decline in futures Open Interest.Interestingly, Cardano is attracting more attention on social media despite the subdued market activity. Whether that attention translates into renewed buying demand remains uncertain.Cardano whale holdings decline despite rising social interestCardano has seen a sharp increase in online attention following reports that neither ADA nor Midnight-related tokens were stolen during the recent Binance hack.According to Santiment, Cardano’s social dominance reached 2.49% on Monday, its highest reading since late June.Social dominance measures how frequently an asset is mentioned in cryptocurrency discussions relative to other digital assets. A rising reading generally indicates that more traders and investors are talking about the cryptocurrency.However, the increased attention has not translated into stronger buying activity among Cardano’s largest holders.Santiment data shows that wallets holding between 10 million and 100 million ADA now control approximately 37.45% of the circulating supply, down from 38.03% last month.The decline suggests that some large investors have been reducing their exposure rather than accumulating more tokens during the recent price weakness.Whale activity is closely watched because large holders can influence market liquidity and price movements, particularly when broader demand is already weak.Cardano’s supply in profit has also fallen sharply, dropping from 28.36% to 14.77%. This means a significantly smaller portion of the circulating supply is currently held at a profit, reflecting the impact of ADA’s recent decline. The metric alone, however, does not establish how much of the movement was caused by profit-taking.If large holders continue trimming their positions, Cardano could struggle to recover from October’s losses.The weakness in Cardano’s spot market is also evident in its derivatives activity. Data from CoinGlass shows that ADA futures Open Interest has declined to approximately $419 million, compared with $450 million last week.That represents a drop of roughly 11%, indicating that traders have been closing positions faster than new contracts are being opened.Open Interest measures the total number of outstanding futures contracts that have not been settled or closed.A decline in Open Interest often points to reduced market participation or a broader unwinding of leveraged positions.In Cardano’s case, the contraction comes alongside falling prices and declining whale holdings, suggesting that traders remain cautious about taking fresh positions.The combination of weakening derivatives activity and reduced accumulation by large holders leaves ADA without an obvious source of buying momentum.A sustained recovery in Open Interest, accompanied by stronger prices, could provide an early indication that traders are becoming more willing to take risks.Cardano price prediction: ADA faces bearish pressure below $0.20Cardano continues to trade below the psychological $0.20 level on Monday, with its daily chart showing…

TL;DRDogecoin trades near $0.075 on Monday after five consecutive weeks of declines.Wallets holding 10 million to 100 million DOGE have shed 120 million tokens since Thursday.The next major support sits near $0.068, while a recovery faces resistance from $0.079 to $0.090.Dogecoin (DOGE) is struggling to find its footing on Monday, trading around $0.075 after five straight weeks of losses. The meme coin has attracted some dip-buying from smaller whales, but larger holders are heading in the opposite direction, leaving the market without a clear signal that the selloff is over.The split in whale behavior comes as on-chain trading indicators remain weak and DOGE continues to trade below its major moving averages. With sellers still active, the $0.068 support level could soon come into focus.Large Dogecoin whales sell while smaller holders buy the dipSantiment’s Supply Distribution data shows that wallets holding between 10 million and 100 million DOGE have reduced their combined holdings by roughly 120 million tokens since Thursday. The selling suggests some of the largest holders are taking risk off the table as the price continues to slide.Not everyone is selling. Over the same period, wallets holding 100,000 to 1 million DOGE and those holding 1 million to 10 million DOGE accumulated a combined 100 million tokens. These smaller whale cohorts appear willing to buy at lower prices, even as the broader trend remains negative.The purchases have not fully offset the distribution by larger holders. If that selling continues, DOGE may struggle to build enough momentum for a sustained rebound.CryptoQuant’s market summary paints a similarly cautious picture. Both spot and futures markets show large whale orders, elevated trading activity described as heating conditions, and sell-side dominance.Taken together, those signals suggest traders are still more inclined to sell than to chase a recovery. They do not guarantee another decline, but they help explain why Dogecoin has struggled to attract sustained buying interest.Dogecoin stays below key moving averagesDOGE trades around $0.075 on Monday, below its 50-day Exponential Moving Average (EMA) at $0.082, 100-day EMA at $0.083, and 200-day EMA at $0.090. Those levels form a series of overhead barriers that buyers would need to reclaim before the technical outlook improves.A descending resistance trendline near $0.079 presents the first test. The Relative Strength Index (RSI) remains in the mid-30s, reflecting weak momentum without yet showing a decisive reversal. Meanwhile, the Moving Average Convergence Divergence (MACD) is hovering around zero with little directional strength.A move above the descending trendline at $0.079 would be an early sign that buyers are regaining ground. DOGE would then face the 50-day EMA at $0.082 and the 100-day EMA at $0.083, where sellers could return.Further resistance stands at $0.088 and the 200-day EMA at $0.090. Only a stronger recovery through those levels would bring the more distant $0.1027 barrier into view.DOGE/USD Daily ChartOn the downside, $0.068 is the next major support to watch. A daily close below that level would weaken the chart further and leave DOGE exposed to additional losses, although the supplied analysis does not identify a precise lower target.For now, the divergence between whale groups offers little comfort to bulls. Smaller holders are buying the dip, but larger wallets continue to distribute tokens, and the technical trend remains bearish. Whether DOGE can defend $0.068 may determine its next meaningful move.The post Dogecoin could dip lower as large whales sell 120m DOGE appeared first on CoinJournal.

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Key takeawaysXRP trades below $1.25 on Tuesday as the cryptocurrency struggles to recover.CryptoQuant data points to persistent sell-side dominance in XRP, with large whale orders adding uncertainty to XRP’s outlook.XRP faces immediate resistance at $1.285 and $1.30, while a deeper decline could bring the $1.16 and $1.00 support levels into focus.XRP remain under selling pressure on Tuesday as it struggles to recover from their recent declines.XRP is trading below $1.25, with buyers finding it difficult to push the price back above the $1.30 level.Data from CoinGlass and CryptoQuant paints a mixed picture. While funding rates suggest some traders are still betting on a recovery, derivatives positioning and on-chain activity indicate that sellers remain influential.Technical indicators are also showing little evidence of a sustained reversal, leaving both cryptocurrencies vulnerable to further losses.XRP derivatives data show mixed market sentimentDerivatives traders appear increasingly cautious about the near-term prospects of XRP, although not every indicator points in the same direction.According to CoinGlass, XRP’s long-to-short ratio stood at 0.84 on Tuesday. The ratio is below 1, indicating that short positions outnumber long positions in the measured market.The readings suggest a bearish tilt in positioning, with traders showing limited confidence in an immediate price recovery.However, funding rates tell a somewhat different story. Funding rates for XRP turned positive on October 30 and have remained above zero.As of Tuesday, XRP’s funding rate stood at 0.0073%.  Positive funding rates mean traders holding long positions are paying those with short positions, reflecting a willingness among some market participants to maintain bullish exposure.The contrast between the long-to-short ratios and funding rates suggests that traders remain divided over the next major price move.While short positioning points to caution, positive funding indicates that some leveraged traders are still anticipating a rebound.Beyond the derivatives market, on-chain and trading activity data also suggest that XRP and Stellar are facing persistent selling pressure.According to CryptoQuant’s market summary, XRP’s spot and futures markets are showing sell-side dominance alongside unusually large whale orders.Large orders from major market participants can influence short-term price movements, especially when liquidity is relatively thin.CryptoQuant also identifies heating conditions in XRP’s spot market, suggesting heightened trading activity during a period of weak sentiment.Taken together, these indicators point to a cautious market environment in which sellers continue to have an advantage.XRP technical forecast: Bears maintain control below $1.30XRP is trading around $1.2487 on Tuesday, with its daily chart showing that the cryptocurrency remains firmly under bearish pressure.The token is currently trading below its major Exponential Moving Averages (EMAs), including the 50-day EMA at $1.336, the 100-day EMA at $1.324, and the 200-day EMA at $1.365.Trading below all three indicators suggests that the broader trend remains weak, with potential recovery attempts likely to encounter resistance.XRP is also struggling beneath a descending trendline near $1.285 and the psychological resistance level at $1.30.These two barriers represent the first major obstacles buyers must overcome to improve the short-term outlook.Momentum indicators offer little encouragement for bulls. The Relative Strength Index (RSI) is hovering around 37, indicating weak buying momentum. However, the indicator has not yet entered oversold territory, suggesting that additional downside remains possible before selling pressure becomes technically stretched.Meanwhile, the Moving Average Convergence Divergence (MACD) remains slightly negative, reinforcing the prevailing bearish sentiment.On the upside, XRP must first reclaim the descending trendline resistance around $1.285.A sustained move above this level could open the door…

Key takeawaysCardano (ADA) trades around $0.188 on Tuesday after breaking below a key support zone, extending its recent decline.ADA funding rates have turned positive, suggesting some traders are still positioning for a potential recovery.ADA faces resistance between $0.215 and $0.218, while a prolonged decline could expose the $0.155 support level.Cardano (ADA) remains under pressure on Tuesday, trading around $0.188 after losing an important support level in the previous session. The cryptocurrency has struggled to attract buyers, with weakening technical indicators suggesting that its recent correction may not be over.Derivatives data also paints a mixed picture. While Cardano’s funding rate has returned to positive territory, its long-to-short ratio shows that bearish positioning remains dominant.Meanwhile, on-chain and trading activity indicators point to continued selling pressure, leaving ADA vulnerable to further losses unless buyers can reclaim key resistance levels.Cardano derivatives data show traders remain cautiousCardano’s derivatives market is showing signs of uncertainty as traders weigh the possibility of a price recovery against the risk of another decline.According to CoinGlass, ADA’s long-to-short ratio stood at 0.8248 on Tuesday, approaching its lowest reading in more than a month.A ratio below 1 indicates that short positions outnumber long positions in the measured market, suggesting that more traders are positioning for a decline than a recovery.The latest reading reflects a cautious outlook, particularly as ADA continues to trade below several important technical levels.However, funding rates suggest that bullish traders have not completely abandoned the market.Cardano’s funding rate turned positive on Tuesday, reaching 0.0097%.Positive funding means traders holding long positions are paying those with short positions to maintain their leveraged exposure.This indicates that some market participants remain willing to bet on a potential rebound despite the broader weakness in ADA’s price.The difference between the two indicators suggests that traders remain divided over Cardano’s next move.While the long-to-short ratio reflects a bearish tilt, positive funding shows that demand for leveraged long exposure persists.Such mixed positioning can contribute to volatility, particularly when sudden price movements force leveraged traders to close their positions.For now, however, the derivatives data offers little evidence of a decisive shift toward bullish sentiment.Beyond derivatives positioning, Cardano’s spot and futures markets are also showing signs of weakness.According to CryptoQuant’s market summary, both markets have recorded large whale orders alongside indicators of overheating and sell-side dominance.The presence of large orders suggests that major market participants remain active, although the accompanying selling pressure points to a cautious trading environment.Whale activity can have a considerable influence on price movements, especially during periods of weak liquidity or heightened volatility.When large orders appear alongside sell-side dominance, they can increase concerns about further downward pressure.CryptoQuant’s overheating signals also suggest elevated market activity, which may leave ADA more vulnerable to sharp price swings.Taken together, these indicators suggest that sellers continue to hold an advantage, despite the positive funding rates seen in the derivatives market.However, whale orders alone do not confirm that large holders are selling their existing ADA holdings. A clearer picture would require additional data on exchange flows and wallet activity.Until buying demand strengthens, the current market conditions could make it difficult for Cardano to establish a sustained recovery.ADA risks further decline toward $0.155Cardano trades around $0.187 on Tuesday, with its daily technical structure continuing to favor sellers.The cryptocurrency has slipped below a previously rising support trendline, which now acts as resistance…

Key takeawaysEthereum (ETH) has reclaimed $2,300 after falling below its realized price of $2,309 following the $6.3 billion Binance hack.US spot Ethereum ETFs recorded their seventh consecutive trading day of outflows on Tuesday.ETH faces immediate support at $2,250, followed by $2,204 and $2,107, while a recovery above $2,309–$2,355 could improve the short-term outlook.Ethereum (ETH) has reclaimed the $2,300 level on Wednesday after adding more than 2% to its value in the last 24 hours. The second-largest cryptocurrency has failed to reclaim its realized price of $2,309, a closely watched on-chain level representing the average acquisition cost of ETH based on its last movement across the blockchain.Ethereum slipped below this threshold following last Thursday’s $6.3 billion Binance security breach, which triggered renewed uncertainty across the cryptocurrency market.The failure to recover the level comes as US spot Ethereum exchange-traded funds (ETFs) experience sustained withdrawals, reinforcing concerns about institutional demand.Although ETH continues to defend support near $2,250, its technical indicators suggest that sellers retain the upper hand.Ethereum approaches the $2,309 realized priceEthereum’s recent price action highlights the growing importance of its realized price, currently estimated at $2,309.According to CryptoQuant data, ETH fell below this level following the Binance hack and has struggled to recover it over the past two days.The realized price measures the value of coins based on the price at which they last moved on-chain, divided by the relevant coin supply.It is commonly used as an approximation of the market’s aggregate cost basis, although it does not capture every investor’s actual purchase price.When an asset trades above its realized price, the market is generally considered to be holding an aggregate unrealized profit.A move below the indicator suggests that the average on-chain cost basis is higher than the prevailing market price.This can influence investor behavior, particularly during periods of uncertainty. Before last Thursday’s decline, Ethereum had traded above its realized price for more than a week, with buyers repeatedly defending the level.However, the recent breakdown has changed the short-term market structure. ETH has encountered resistance around $2,309 during recovery attempts, suggesting that some investors are using rebounds toward their cost basis to reduce exposure.A sustained move back above the realized price would be an encouraging development, potentially indicating that buying demand is returning.Institutional demand remains another major concern for Ethereum. According to SoSoValue data, US-listed spot Ethereum ETFs recorded nearly $85 million in net outflows on Tuesday, extending their withdrawal streak to seven consecutive trading days.The latest redemptions follow an especially difficult October, when the funds experienced a record $1.61 billion in monthly net outflows.The sustained withdrawals suggest that investors have been reducing their exposure to ETH through regulated investment products.Ethereum holds $2,250 as bulls slowly regain controlEthereum’s daily technical outlook is slowly switching bullish as ETH remains below several important Exponential Moving Averages (EMAs).The 20-day EMA stands at $2,352, while the 100-day EMA is positioned at $2,345. Both indicators sit close to the horizontal resistance at $2,355, creating a concentrated supply zone that could limit recovery attempts.The 50-day EMA at $2,411 provides another significant resistance level. Ethereum’s position below these moving averages suggests that the short- and medium-term trends remain under pressure.Momentum indicators support this cautious outlook. The 14-day Relative Strength Index (RSI) is hovering around 39, below the neutral level of 50.Meanwhile, the Stochastic Oscillator near 34 suggests that upside momentum remains limited.Together, these indicators show that buyers have yet to regain meaningful control of the market.The…

Key takeawaysXRP has gained 2% over the past 24 hours, rebounding from the $1.20 support area.XRP Ledger’s proposed Single Asset Vault (XLS-65) and Lending Protocol (XLS-66) have attracted validator support of 60% and 54%, respectively.XRP must break above $1.32 to strengthen its bullish outlook and potentially target $1.40. XRP has rebounded sharply, gaining 2% over the past 24 hours as buyers return following last week’s cryptocurrency market sell-off.The recovery has pushed XRP back above the important $1.26 level, which briefly gave way after the $6.3 billion Binance security breach triggered widespread selling pressure.Trading activity has also improved, with daily volume rising nearly 30% to approximately $1.8 billion.However, the rebound has yet to trigger a significant wave of short liquidations, suggesting that XRP has not broken through the resistance levels needed to confirm a sustained bullish reversal.XRP rebounds from $1.20 following Binance hackXRP’s latest recovery follows a difficult period for the broader cryptocurrency market. The token dropped toward $1.20 after the Binance hack, reaching a price area last visited on August 20.The incident sparked concerns about cryptocurrency exchange security and prompted substantial withdrawals from Binance as investors reassessed their exposure.As confidence gradually improved, XRP recovered above $1.26, reclaiming a level that previously served as support during the recent decline.The rebound has been accompanied by increased trading activity. Daily volume has climbed to approximately $1.8 billion, accounting for more than 2% of XRP’s circulating market capitalization.Broader macroeconomic conditions may also be contributing to XRP’s recovery. West Texas Intermediate (WTI) crude oil fell below $100 per barrel for the first time since October 15, despite continuing geopolitical tensions involving the United States and Iran.Lower oil prices can help ease inflation concerns by reducing energy-related costs across the economy.If the decline persists, it could also influence expectations for the Federal Reserve’s December interest rate decision.A more favorable inflation outlook may reduce pressure on policymakers to raise borrowing costs, potentially improving sentiment toward risk-sensitive assets such as cryptocurrencies.XRP Ledger lending proposals gain validator supportBeyond the broader market recovery, developments within the XRP Ledger could provide additional support for XRP’s medium-term outlook.Two proposed amendments designed to introduce native lending capabilities are attracting growing support from network validators.The first, XLS-65, would introduce Single Asset Vaults, a feature intended to support lending-related functionality on the XRP Ledger.According to the supplied XRPScan data, the proposal has reached approximately 60% validator approval. That places it 20 percentage points below the 80% threshold required for amendment activation, although meeting the threshold must also satisfy the network’s applicable activation conditions.The second proposal, XLS-66, focuses on the Lending Protocol itself. It currently has approximately 54% validator support, leaving it further from the required approval threshold.The two proposals are closely related because the proposed lending functionality would depend on the infrastructure provided by Single Asset Vaults.If XLS-65 gains sufficient support, validators may be more inclined to approve XLS-66, although neither outcome is guaranteed.Together, the proposals could expand the XRP Ledger’s decentralized finance capabilities by introducing new lending-related use cases.XRP reclaims $1.27 as RSI signals bullish momentumXRP’s four-hour chart shows improving short-term momentum following its rebound from the $1.20 area.The token has reclaimed $1.27, a level that previously acted as support before the Binance-related sell-off pushed prices lower.Recovering this area is an encouraging development because it suggests buyers are attempting to rebuild the market’s short…

Key takeawaysBitcoin (BTC) climbed above $80,200 on Thursday, extending its recovery after reclaiming the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs).US spot Bitcoin ETFs recorded $74.57 million in net inflows on Wednesday, ending three consecutive days of withdrawals.BTC faces its next major resistance at $85,000, while the 50-day EMA near $80,172 provides immediate support.Bitcoin (BTC) extended its recovery on Thursday, climbing above $80,200 as a wave of short liquidations and renewed inflows into US spot Bitcoin exchange-traded funds (ETFs) helped improve market sentiment.The leading cryptocurrency traded around $80,200 after closing above its major exponential moving averages during the previous session.The rebound followed heightened volatility across cryptocurrency derivatives markets, where approximately $694.40 million in leveraged positions were liquidated over 24 hours.Short positions accounted for most of those liquidations, suggesting that traders betting on further declines were forced to unwind their positions as Bitcoin reclaimed the psychological $80,000 level.Institutional demand also showed early signs of stabilization, with spot Bitcoin ETFs attracting $74.57 million in net inflows on Wednesday after three consecutive days of outflows.Meanwhile, the outcome of the US midterm elections contributed to improving sentiment across risk-sensitive assets, supported by declining oil prices and easing bond yields.Bitcoin rebounds as US Midterm election results lift risk appetiteBitcoin’s recovery gathered momentum following the US midterm elections, which saw Democrats secure control of both the House of Representatives and the Senate.The results introduced a divided-government environment, potentially limiting President Donald Trump’s ability to advance certain legislative and fiscal priorities without congressional support.Investors also assessed the implications for US foreign policy, particularly the ongoing conflict with Iran.Senate Democratic Leader Chuck Schumer said Wednesday that his party would seek to end the Iran war and could use its control over government funding to push for that outcome.The political developments contributed to expectations that the risk of further military escalation could diminish.However, the election results do not guarantee a change in military policy, and uncertainty surrounding the conflict remains.Bitcoin’s move above $80,200 coincided with these developments, although the recovery was also supported by substantial derivatives market activity.A sharp unwinding of leveraged positions contributed to Bitcoin’s latest price advance. According to CoinGlass, approximately $694.40 million in cryptocurrency derivatives positions were liquidated over the preceding 24 hours.Short positions accounted for roughly 70% of the total, equivalent to approximately $556 million. The imbalance indicates that bearish traders suffered the largest losses as cryptocurrency prices recovered.Bitcoin reclaims major moving averagesBitcoin’s daily technical outlook has improved after the cryptocurrency moved above its 50-day, 100-day, and 200-day exponential moving averages.BTC traded around $80,200 on Thursday, remaining above the 50-day EMA at $80,172. The 100-day EMA stands at $77,904, while the 200-day EMA is located near $76,547.Exponential moving averages help traders assess market direction by placing greater emphasis on recent price movements.Trading above these indicators suggests that Bitcoin has regained important technical support following the recent downturn.However, Bitcoin’s immediate challenge is to maintain its position above the 50-day EMA. A sustained hold above $80,172 would strengthen the recovery outlook and suggest that buyers are defending the reclaimed technical level.Failure to hold this area could trigger renewed selling pressure and increase the likelihood of a pullback toward lower support zones.Momentum indicators on Bitcoin’s daily chart also point to improving market conditions. The Relative Strength…

Key takeawaysHyperliquid (HYPE) fell 4% to approximately $78 on Friday, extending its pullback.Hyperliquid Strategies (PURR) has applied for futures commission merchant (FCM) registration to support regulated perpetual futures trading for US customers.Four large whale wallets reportedly realized a combined $5 million in profits after closing their HYPE positions, according to Santiment.Hyperliquid (HYPE) declined 4% on Friday, trading around $78 as profit-taking by large investors weighed on the token despite fresh developments surrounding the protocol’s potential expansion into the US derivatives market.The decline follows a rally that briefly lifted HYPE toward $97 before selling pressure returned.Blockchain analytics firm Santiment reported that four large wallets collectively realized approximately $5 million in profits after exiting their positions, adding to concerns about the sustainability of the recent price recovery.Hyperliquid Strategies seeks CFTC approval for US perpetual futuresHyperliquid Strategies announced its FCM application alongside its third-quarter financial results released Thursday.The company intends to establish a regulated intermediary capable of carrying US customer accounts for permissioned derivatives markets deployed on Hyperliquid’s infrastructure.The proposed arrangement would operate under the Commodity Futures Trading Commission’s regulatory framework, subject to the necessary approvals.Under the planned structure, independent operators could launch and manage permissioned markets through Hyperliquid’s HIP-3 framework.These operators would be responsible for meeting applicable regulatory requirements, while the underlying blockchain would continue functioning as a neutral infrastructure layer.If approved, the FCM registration could allow Hyperliquid Strategies to participate in bringing perpetual futures products to US customers.Despite the positive regulatory developments, Hyperliquid’s native token has struggled to sustain its recent gains.Santiment reported Thursday that four large whale wallets had closed their HYPE long positions, collectively realizing approximately $5 million in profits.The transactions followed a strong rally that briefly pushed HYPE toward $97. According to Santiment, citing Score Arena, one wallet had accumulated HYPE since late May before exiting its entire position of approximately 310,000 tokens.The address reportedly sold roughly $225,000 worth of HYPE at five-minute intervals while the token traded between $94 and $95.The strategy generated approximately $2.4 million in realized profits, according to the reported data.Two other large wallets also exited positions following the rally. One reportedly earned around $987,000 from trading 98,000 HYPE, while another realized nearly $1 million from approximately 140,000 tokens.Hyperliquid technical analysis: HYPE struggles below key moving averagesHyperliquid’s daily chart reflects renewed bearish pressure following the rejection from its recent highs.At approximately $77, HYPE trades below its short- and medium-term Exponential Moving Averages (EMAs), suggesting that sellers continue to dominate the near-term trend.The cryptocurrency also failed to sustain a breakout above a descending resistance trendline, reinforcing concerns about the strength of the previous rally.Momentum indicators support the bearish outlook. The daily Relative Strength Index (RSI) stands near 42, below the neutral 50 threshold.Meanwhile, the Stochastic oscillator has declined toward 23, placing it close to the oversold territory.Hyperliquid faces immediate support at $75.69, a horizontal level located just below Friday’s reported trading price.A sustained decline below this area could increase selling pressure and expose the next support at $67.63. If bearish momentum intensifies, the token could extend its correction toward $61.16. HYPE/USD Daily ChartOn the upside, immediate resistance is positioned at the 100-day EMA around $78.10. Reclaiming this level could provide an early sign that…

Key takeawaysZcash (ZEC) trades around $1,300 on Friday, outperforming the broader cryptocurrency market.Grayscale’s ZEC-focused ETF (ZCSH) recorded $10.99 million in net outflows on Thursday, bringing weekly withdrawals to $14.77 million.ZEC faces immediate resistance at $1,340, with a confirmed breakout potentially opening the door toward $1,698, while $1,216 and $1,112 remain key support levels.Zcash (ZEC) maintained its strength around $1,300 on Friday, outperforming major cryptocurrencies as the broader market struggled to recover from a selloff that triggered more than $1 billion in liquidations the previous day.The privacy-focused cryptocurrency traded around $1,290, supported by anticipation surrounding its Network Upgrade 7 (NU7), scheduled for activation on Friday.The upgrade introduces significant changes to Zcash’s blockchain, including faster block confirmations, the retirement of older shielded transaction pools, and a new mechanism intended to support the network’s long-term sustainability.However, institutional investment flows present a contrasting picture. Grayscale’s ZEC-focused Exchange-Traded Fund (ETF) recorded nearly $11 million in net outflows on Thursday, while total weekly withdrawals reached $14.77 million.Despite the ETF weakness, derivatives market participation has increased, with Zcash futures Open Interest rising to 2.15 million ZEC.Technically, ZEC must overcome resistance at $1,340 to strengthen its bullish outlook and potentially extend its recovery toward $1,698.Zcash defies crypto market selloff ahead of NU7 upgradeZcash has demonstrated relative strength despite a broad decline across cryptocurrency markets.The wider selloff triggered more than $1 billion in derivatives liquidations on Thursday as investors reduced exposure to risk-sensitive assets.Bitcoin, Ethereum, and several major altcoins recorded substantial losses, reflecting heightened market uncertainty.However, ZEC continued trading around the psychological $1,300 level. The resilience coincides with growing attention surrounding the network’s NU7 upgrade.Scheduled for activation at block height 3,543,405, the upgrade introduces several technical changes designed to improve network efficiency and sustainability.The upcoming activation has provided a potential catalyst for traders seeking opportunities outside the broader market downturn.Institutional demand for Zcash investment products has weakened despite the token’s relative price strength.According to SoSoValue, Grayscale’s ZEC-focused ETF, trading under the ticker ZCSH, recorded $10.99 million in net outflows on Thursday.The withdrawals pushed the fund’s cumulative weekly net outflows to $14.77 million. The latest figures suggest that investors using the ETF have been reducing their exposure to Zcash.Zcash technical analysis: $1,340 resistance holds the keyZcash’s daily chart shows the cryptocurrency consolidating beneath an important horizontal resistance level.At approximately $1,290, ZEC remains below the $1,340 barrier established by the October 8 high. The level has emerged as a key obstacle for buyers attempting to extend the recent recovery.A decisive daily close above $1,340 could signal a bullish breakout from the current consolidation range. Such a move may attract additional buying interest and shift attention toward the September 26 peak at $1,698.However, the bullish scenario depends on a confirmed breakout and sustained buying momentum. Failure to overcome $1,340 could keep ZEC confined within its existing trading range.The lower boundary of that range is positioned near $1,112, corresponding to the October 8 low.Despite the resistance overhead, Zcash’s broader technical structure remains constructive.The cryptocurrency trades above its 50-day Exponential Moving Average (EMA), currently positioned around $1,216.The 50-day EMA also remains well above the 200-day EMA at approximately $856. This alignment suggests that the underlying trend continues to favor buyers, even as the token consolidates.Momentum indicators…

Key takeawaysXRP trades near $1.09 on Monday after declining more than 10% last week, with sellers maintaining control of the broader market.US spot XRP ETFs recorded $529,510 in net outflows last week, ending two consecutive weeks of positive institutional flows.XRP risks testing the psychological $1 support level as bearish technical indicators persist.XRP continues to face selling pressure on Monday, trading around $1.097 after losing more than 10% of its value last week. The cryptocurrency remains firmly in bearish territory as weakening institutional demand, deteriorating derivatives positioning, and unfavorable macroeconomic conditions undermine recovery attempts.XRP ETF outflows signal cooling institutional demandInstitutional appetite for XRP weakened last week, reversing the positive momentum recorded during the previous two weeks.According to SoSoValue, US spot XRP ETFs recorded $529,510 in net outflows last week, ending the two consecutive weeks of inflows.For XRP, the return to negative weekly flows comes at a particularly vulnerable time, with the cryptocurrency already facing substantial technical weakness.Beyond ETF withdrawals, derivatives market data suggests traders are increasingly positioning for further downside.According to CoinGlass, XRP’s long-to-short ratio declined to 0.89 on Monday, approaching its lowest level in more than a month.A ratio below one indicates that short positions outnumber long positions in the measured market, suggesting traders are leaning toward further price declines.Additional data from CryptoQuant reinforces this bearish outlook. The analytics platform’s market summary shows large whale orders across XRP’s spot and futures markets, accompanied by persistent sell-side dominance.This combination suggests that larger market participants remain active while selling pressure continues to outweigh buying demand.CryptoQuant also identifies heating conditions in the spot market, indicating heightened trading activity during the ongoing correction.Macroeconomic developments are creating additional challenges for XRP as investors reassess the outlook for US monetary policy.Stronger-than-expected US Nonfarm Payrolls (NFP) data released last week reinforced expectations that the Federal Reserve could maintain restrictive interest rates for longer or introduce another rate increase.According to CME FedWatch figures, traders are pricing in approximately a 78.7% probability of a December interest rate hike, compared with 72.8% before the employment report.XRP price forecast: Bears target the psychological $1 supportXRP’s technical outlook remains bearish as the cryptocurrency trades well below its major moving averages.At the time of writing on Monday, XRP changes hands near $1.097, following a sharp weekly decline that has left buyers struggling to regain control.The cryptocurrency remains below its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are clustered between $1.302 and $1.360.This creates a significant resistance zone, suggesting that any meaningful recovery could encounter substantial selling pressure.Momentum indicators also point to continued weakness. The daily Relative Strength Index (RSI) stands near 26, placing XRP firmly in oversold territory.Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains negative, reinforcing the prevailing bearish momentum.With XRP trading near recent lows, sellers could attempt another push toward the psychological $1 support level.A decisive breakdown below this threshold would represent a significant technical setback and could encourage further selling, although additional support levels would need to be established.XRP/USD Daily ChartXRP/USD Daily ChartDespite the prevailing bearish conditions, XRP could stage a temporary rebound if buyers capitalize on oversold momentum readings.The first important resistance level stands at $1.160, which bulls must reclaim to establish an initial recovery.A sustained move above this barrier could open the door…

Key takeawaysCardano (ADA) trades below $0.175 on Monday after declining more than 9% last week. Large Cardano whales holding between 10 million and 100 million ADA have offloaded approximately 50 million tokens since November 4, signaling weakening confidence.ADA risks extending its decline toward $0.156 as bearish technical indicators persist, while immediate resistance stands at $0.183.Cardano (ADA) remains under pressure on Monday, trading around $0.1748 after recording five consecutive weeks of losses. The cryptocurrency declined more than 9% last week, extending a downturn that began in early October as selling pressure continues to outweigh buying interest.Cardano whales dump 50 million ADA tokensCardano’s largest investors have continued reducing their holdings, raising concerns about the cryptocurrency’s near-term price outlook.According to Santiment’s Supply Distribution data, wallets holding between 10 million and 100 million ADA have collectively offloaded approximately 50 million tokens since November 4.The decline suggests that this group of large holders has become increasingly cautious amid Cardano’s prolonged price weakness.Beyond whale distribution, Cardano’s broader on-chain and trading indicators continue to reflect cautious market sentiment.CryptoQuant’s market summary highlights significant whale orders across ADA’s spot and futures markets, accompanied by overheating conditions and sell-side dominance.The combination suggests that large market participants remain active, but selling activity continues to outweigh buying interest.Cardano technical outlook: ADA bears target the $0.156 supportCardano’s technical outlook remains unfavorable as the cryptocurrency struggles to recover from five consecutive weeks of losses.At the time of writing on Monday, ADA trades around $0.1748, remaining firmly below its major Exponential Moving Averages (EMAs).The 50-day EMA stands at $0.209, while the 100-day EMA is positioned at $0.211. Meanwhile, the longer-term 200-day EMA sits considerably higher at $0.232.The recent recovery attempt from below $0.180 has done little to change the broader technical structure, suggesting that the rebound may represent temporary consolidation rather than the beginning of a sustained bullish reversal.Momentum indicators also point to continued weakness. The daily Relative Strength Index (RSI) hovers near 30, approaching oversold territory while indicating that selling momentum remains dominant.Meanwhile, the Moving Average Convergence Divergence (MACD) remains slightly negative, reinforcing the cautious outlook.If ADA fails to attract stronger buying interest, sellers could push the price toward the horizontal support level at $0.156.A decisive breakdown below this area would weaken the technical structure further and potentially expose Cardano to a deeper correction.ADA/USD Daily ChartADA/USD Daily ChartHowever, Cardano could attempt a short-term recovery if buyers defend current price levels. The first significant resistance stands at $0.183, which ADA must reclaim to establish an initial improvement in momentum.A sustained breakout above this level could encourage buyers to target the 50-day EMA at $0.209, followed closely by the 100-day EMA at $0.211.However, these moving averages form a concentrated resistance zone that could attract renewed selling pressure.Beyond this area, the 200-day EMA around $0.232 represents another major hurdle. Additional resistance levels are located at $0.236 and $0.245, while a more substantial recovery could eventually bring the $0.296 region into focus.The post Cardano whales dump 50 million tokens amid bearish sentiment appeared first on CoinJournal.

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