Finanzmittel Info + Krypto + Geld + Gold

Key takeaways

• PI trades near $0.0865 on Monday, extending its decline for a fifth consecutive day.
• Futures open interest rises to $10.15 million from $9.78 million, indicating increased outstanding exposure.
• Support sits at $0.0827 and $0.0801, with initial recovery resistance at $0.0911.

Pi Network extends losses despite broader market optimism

Pi Network continues to weaken on Monday, trading below $0.090 as its losing streak stretches to five consecutive days. At approximately $0.0865, the token remains under pressure despite relatively upbeat sentiment across the wider cryptocurrency market.

The broader Fear and Greed Index stands at 67, according to CoinMarketCap, placing sentiment in greed territory. That reading suggests market participants retain an appetite for risk, but the optimism has yet to translate into a sustained recovery for PI.

The divergence highlights the importance of the token’s own price structure. While the wider market mood provides context, PI’s declining price and subdued momentum indicators suggest buyers have struggled to regain control.

Its next move will depend on whether nearby support attracts sufficient demand to interrupt the decline or selling pressure pushes the token toward its recent lows.

CoinAnk data shows PI futures open interest at $10.15 million, up from $9.78 million the previous day. The increase of approximately 3.8% indicates a modest buildup in outstanding derivatives exposure while the spot price continues to fall.

Open interest measures the notional value of active contracts. Its increase points to continued participation, but does not reveal whether that positioning is predominantly bullish or bearish.

Consequently, the latest rise should not be treated as confirmation of stronger buying demand. New short positions, additional long exposure or a combination of both could contribute to the increase.

For traders holding leveraged long positions, continued spot weakness presents a risk. Rising open interest alongside falling prices makes the direction and resilience of that exposure relevant, although the supplied figures do not establish which side dominates.

Moving averages and momentum favor sellers

PI remains below its major daily exponential moving averages, reinforcing the bearish technical picture.

The 50-day EMA stands at $0.0911, above the current price and acting as the first recovery hurdle. The 100-day EMA sits near $0.0991, while the 200-day EMA is considerably higher at $0.1219.

This arrangement shows that PI has yet to reclaim either its shorter-term trend reference or the averages associated with its broader price direction.

Momentum indicators also lean bearish. The Relative Strength Index reads approximately 43, below the neutral midpoint of 50. That suggests weaker buying momentum, though the indicator has not reached conventional oversold territory.

Meanwhile, the Moving Average Convergence Divergence remains slightly negative. Together, the RSI and MACD readings support a cautious near-term outlook, with sellers retaining the technical advantage.

Immediate support lies at $0.0827, corresponding to the 23.6% Fibonacci retracement measured between $0.1341 and $0.0704. The July 31 low at $0.0801 provides another nearby reference.

If PI loses those levels, the $0.0704 swing low becomes the next downside area to monitor. A move toward that level would represent a deeper extension of the current decline rather than confirmation that a rebound is underway.

For a recovery, buyers first need to overcome the 50-day EMA at $0.0911. Beyond it, resistance clusters around the 50% Fibonacci retracement at $0.0990 and the 100-day EMA at $0.0991.

Reclaiming those barriers would improve the technical picture. Until then, rising derivatives participation offers limited reassurance against the token’s persistent price weakness.

The post PI dips below $0.090 as bearish momentum builds despite rising OI appeared first on CoinJournal.

Key takeaways

• Spot DOGE ETFs attracted $327,360, extending their inflow streak to three weeks.
• CoinGlass’ long-to-short ratio reached 1.01, indicating a slight bullish tilt.
• Holding the 200-day EMA near $0.093 preserves the recovery outlook, with resistance at $0.102.

Dogecoin is extending its recovery on Monday, trading above $0.096 as continued ETF inflows and improving derivatives positioning support sentiment.

The meme coin found support around a key technical zone last week and remains above its major daily moving averages. However, momentum indicators present a mixed picture, suggesting buyers retain an advantage without establishing a decisive acceleration.

The immediate test is whether DOGE can defend its 200-day exponential moving average near $0.093 and generate enough demand to challenge resistance at $0.102.

DOGE ETFs extend their inflow streak

Spot Dogecoin ETFs recorded $327,360 in net inflows last week, according to SoSoValue data.

The positive total marked a third consecutive week of inflows, showing that investors continued adding exposure through the products.

Although the streak supports the demand picture, ETF flows represent only one part of Dogecoin’s market. The figures do not establish that every allocation came from an institutional investor or that buying through the funds will outweigh selling elsewhere.

Continued positive flows would reinforce the recovery case, particularly if allocations increase. Conversely, a slowdown or reversal would weaken one of the supporting factors behind the current advance.

For now, the main signal is consistency: the funds have maintained net buying for three straight weeks.

CoinGlass’ Dogecoin long-to-short ratio stood at 1.01 on Monday, moving slightly above the neutral threshold of one.

The reading indicates a marginal tilt toward long positions within the dataset. It is an improvement in sentiment, but its proximity to one suggests positioning remains nearly balanced rather than overwhelmingly bullish.

DOGE’s funding rate also supports that interpretation. After turning positive on September 10, it reached 0.0092% on Monday.

Positive funding means long traders are paying short traders, generally reflecting stronger demand for bullish exposure in perpetual futures.

However, funding is a positioning indicator rather than a prediction. If price weakens, leveraged longs can come under pressure despite positive sentiment.

Together, the two readings suggest improving confidence, while leaving room for caution about the strength of traders’ conviction.

The 200-Day EMA anchors the recovery

Dogecoin’s near-term technical outlook remains constructive while price holds above the 200-day EMA at approximately $0.093.

The shorter moving averages sit below that level, with the 50-day EMA near $0.088 and the 100-day EMA around $0.086.

Trading above all three averages supports the current recovery structure. The 200-day EMA is particularly relevant because it forms the nearest major support beneath the reported price.

The Relative Strength Index stands near 58, indicating positive momentum without an overbought reading.

The Moving Average Convergence Divergence indicator, however, has slipped marginally into negative territory. That points to fading upward momentum and suggests DOGE may need further consolidation before attempting a stronger advance.

The first notable upside barrier is $0.102, approximately 6% above $0.096. A sustained move above that level would strengthen the case for extending the recovery. 

Buyers would need to maintain the breakout rather than briefly push through resistance before retreating.

On the downside, losing $0.093 would bring the $0.088 horizontal support and nearby 50-day EMA into focus. The next moving-average support lies around $0.086, with a more distant structural floor at $0.070.

DOGE’s outlook therefore remains cautiously bullish. Continued ETF buying and supportive derivatives positioning could help, but defending $0.093 and clearing $0.102 are the key price tests.

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Key takeaways 

• Bitcoin ETFs attracted approximately $3 billion across eight consecutive sessions of positive inflows.
• Upcoming US inflation and growth data could influence interest-rate expectations and short-term market direction.
• Holding support between $80,000 and $82,000 could support another attempt at $85,000, with $90,000 a potential subsequent target.

Bitcoin has dipped 1% over the past 24 hours, but its recovery remains within a broader consolidation following the recent advance toward $85,000.

The retreat from that level has been interpreted as profit-taking after a strong rally. Continued institutional inflows support the bullish case, although the shorter-term chart suggests the correction has not necessarily finished.

Attention is now turning to US economic releases and whether Bitcoin can maintain support if inflation concerns prompt investors to reduce exposure to risk assets.

Inflation expectations create a near-term test

The  US inflation and economic growth figures are important potential catalysts for Bitcoin.

Analysts expect a 0.4% monthly increase in the August Personal Consumption Expenditures price index, compared with 0.2% the previous month. 

They also forecast 1.5% second-quarter GDP growth, following a 2% first-quarter reading.

A stronger-than-expected inflation figure could reinforce expectations of tighter monetary policy. 

Higher interest rates can pressure cryptocurrencies by increasing the appeal of interest-bearing assets and making financial conditions less supportive of speculative investment.

The probability of an October Federal Reserve rate increase now stands at 68%, according to FedWatch data. That figure represents a market-implied estimate at the time of the analysis, rather than a confirmed policy decision.

Inflation above expectations could weigh on Bitcoin’s recovery. A softer reading could ease some of that pressure, although the market’s response would also depend on the growth figures and how investors interpret the policy outlook.

Institutional demand remains a counterweight to those macroeconomic risks. According to SoSoValue data, US spot Bitcoin ETFs recorded eight consecutive trading sessions of net inflows. 

Approximately $3 billion entered the products during that period, approaching the amount attracted throughout August.

The sustained inflows indicate that investors continued allocating capital to Bitcoin exposure despite its recent pullback.

However, ETF buying does not eliminate selling pressure elsewhere in the market. Existing holders taking profits, changes in leveraged positioning, and reactions to economic data can still interrupt an advance.

The next test is whether those inflows remain strong enough to support demand as Bitcoin approaches its nearby technical levels.

Short-term chart points to an unfinished pullback

Bitcoin’s momentum indicators present a mixed picture across time frames. The Relative Strength Index remains near 60, supporting the view that broader momentum is still constructive. Sentiment readings in “Greed” territory also suggest confidence remains elevated.

On the four-hour chart, however, Bitcoin has formed lower highs and lower lows. That structure indicates sellers continue influencing short-term price action, even while the broader recovery remains intact.

The $80k-$82k level is a potential support zone where buyers could return. A rebound would strengthen the consolidation scenario, while a decisive break below the area would weaken the proposed setup.

If Bitcoin holds the $80,000–$82,000 zone and buying momentum improves, the next major test would be another attempt to clear $85,000.

A sustained breakout above that barrier could open a path toward the $90,000 range and potentially $100,000 as longer-term possibilities if bullish momentum persists.

Those targets remain conditional. Bitcoin first needs to stabilize through its pullback and overcome resistance, while upcoming economic data could determine whether buyers retain control of the support zone.

The post Bitcoin dips 1% but ETF demand supports recovery appeared first on CoinJournal.

Key takeaways

• LINK rose about 6% while much of the crypto market retreated, extending its reported 30-day gain to 30.3%.
• Chainlink’s CCIP 2.0 launch gives institutions the option to add their own cross-chain transaction verifiers.
• LINK met resistance near $15, while the supplied chart analysis identifies $12-$13 as a potential support zone.

Chainlink’s LINK token outperformed a weaker crypto market following the launch of Cross-Chain Interoperability Protocol (CCIP) 2.0. 

The token gained about 6% in the session described in the supplied analysis, taking its 30-day advance to 30.3% and its year-to-date return into positive territory.

The upgrade gives financial institutions more control over transactions that move data or assets between blockchains. 

Traders appeared to welcome the announcement, though LINK’s approach to $15 brought a technical test after its recent rally.

CCIP 2.0 adds institution-operated verifiers

Cross-chain transfers require a way to confirm that an action occurred on one blockchain before a corresponding action is completed on another. CCIP provides that communication layer. 

With version 2.0, institutions and asset issuers can add Cross-Chain Verifiers to apply their own checks alongside Chainlink’s default verification network. Chainlink says starter kits will let users run those verifiers on infrastructure including Amazon Web Services and Google Cloud.

The added checks could matter to firms with internal security or compliance requirements. An issuer, for example, may want a transfer to proceed only after its own verifier has approved it. 

CCIP 2.0 also offers configurable compliance controls, fees, and execution options, allowing users to choose how a transaction is checked and completed. These features are optional; Chainlink says its existing verification network remains the default.

Speed is another part of the upgrade. CCIP 2.0 supports faster-than-finality transfers where a user’s chosen risk settings permit them. 

Chainlink also says it is working to support Ethereum’s Fast Confirmation Rule when that feature launches. Its future integration should not be treated as a speed improvement already available for every Ethereum transfer.

The supplied market analysis reported an 89% jump in LINK trading volume following the CCIP 2.0 announcement. 

Higher volume shows that more tokens changed hands during the move, but it does not, by itself, show whether buyers will remain in control.

The same analysis cited a recovery in Chainlink’s total value secured from about $43 billion in June to $57 billion in August. That metric describes value associated with assets using Chainlink services; it is distinct from revenue earned by Chainlink or the market value of the LINK token.

The product announcement gives traders a reason to reassess Chainlink’s role in institutional blockchain infrastructure. Even so, a network upgrade does not automatically create immediate demand for LINK. Adoption, usage, and the broader market’s direction will matter to whether the price move lasts.

Can LINK break above $15?

LINK’s advance encountered selling pressure near $15, a level the supplied daily-chart analysis identifies as immediate resistance. 

It also noted a bearish divergence in the relative strength index: price strengthened while the momentum reading weakened. Such a signal can precede a pause or pullback, although it does not establish that one must occur.

If LINK retreats, the analysis places a possible support zone at 12–13. Holding that area could leave the broader recovery intact, while a decisive break below it would weaken the bullish setup.

A sustained move above $15 would shift attention toward higher levels, including the article’s $20 upside scenario. From $12, a rise to $20 would be roughly 67%, but that percentage describes a hypothetical entry and exit, not an expected return. 

For now, the clearest test is whether LINK can absorb selling around $15 while maintaining support if the wider crypto market remains under pressure.

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