Category: Market Analysis

[ad_1] Key takeaways Bitcoin (BTC) trades around $66,300, extending gains after reclaiming the 50-day EMA. The leading cryptocurrency remains below the 100-day and 200-day EMAs, leaving key resistance levels intact. Technical indicators, including the RSI and MACD, point to strengthening bullish momentum. Bitcoin (BTC) remained firm around $65,800 on Wednesday, extending this week’s rally as…

[ad_1] Key takeaways Shiba Inu (SHIB) trades above $0.0000042 after breaking above a key descending trendline. Five consecutive days of exchange outflows suggest investors are moving SHIB into private wallets, reducing selling pressure. Derivatives data remains bullish, with positive funding rates and a long-to-short ratio favoring buyers. Shiba Inu (SHIB) extended its recovery on Tuesday,…

[ad_1] Ethereum (ETH) has gained 8.8% in a week as momentum strengthened. BlackRock’s ETHA helped drive fresh spot ETF inflows. $2,000 remains Ethereum’s next major resistance level. Ethereum has extended its latest recovery, climbing above the $1,900 level and putting the $2,000 mark back into focus. The recovery comes after several weeks of improving price…

[ad_1] Key takeaways LayerZero (ZRO) fell about 3% on Monday, extending last week’s 9% decline. The network is set to unlock 25.71 million ZRO tokens, equivalent to 4.6% of the total supply, increasing potential selling pressure. Despite bearish price action, futures trading volume surged 552%, reflecting heightened retail interest. Technically, ZRO remains in a downtrend,…

[ad_1] Key takeaways Solana (SOL) traded lower on Monday, extending its corrective trend from early July. Institutional demand remains subdued, with SOL ETFs recording less than $1 million in inflows for a second consecutive week. Futures Open Interest declined while trading volume surged 78%, pointing to increased market activity but weaker conviction. Solana (SOL) edged…

[ad_1] 64 billion SHIB have left crypto exchanges today, so far. SBI inherited 1.111 trillion SHIB through the Coinhako acquisition. Exchange reserves climbed to 86.497 trillion SHIB. Shiba Inu (SHIB) is navigating two very different stories at the same time. On one side, the token is gaining more exposure in Asia through a major corporate…

[ad_1] Key takeaways Solana (SOL) is down nearly 2% over the past 24 hours after failing to break above the crucial $78 resistance. Spot Solana ETFs have recorded net outflows, signaling weaker institutional demand. A break below $74 could send SOL toward $64, while a breakout above $78 may trigger a rally to $90. Solana…

[ad_1] Key takeaways Pi Network (PI) is showing signs of recovery after several days of consolidation and easing selling pressure. Rising Open Interest suggests speculative traders are positioning for a potential rebound. The upcoming Stellar Protocol v25 mainnet upgrade and improving market sentiment could support PI’s recovery. Pi Network (PI) posted modest gains on Friday…

[ad_1] Key takeaways Cardano (ADA) traded near $0.161 on Thursday after a slight pullback, while whale wallets continued accumulating tokens. Wallets holding 100,000 to 100 million ADA have reached their highest holdings since February 2023, while smaller investors have reduced exposure. The upcoming van Rossem hard fork, scheduled for Saturday, could act as a catalyst…

TL;DR XLM is trading higher on Thursday after defending key support levels earlier this week. Rising Open Interest (OI) and positive funding rates suggest fresh capital is flowing into both markets. XLM remains below major resistance levels despite showing signs that bearish momentum is fading. Stellar’s XLM continues its recovery on Thursday, supported by improving…