HBAR eyes $0.145 as ETF inflows boost sentiment

Key takeaways

  • Hedera is up 6.5% in the last 24 hours and is now trading above $0.12.
  • The coin could rally towards $0.145 amid growing ETF inflow.

ETF inflow boosts HBAR’s sentiment

HBAR, the native coin of the Hedera blockchain, is up 6.5% in the last 24 hours and is now trading at $0.123 per coin. The rally makes it one of the best performers among the top 30 cryptocurrencies by market cap.

The positive performance is fueled by growing institutional demand. According to SoSoValue, Hedera spot ETFs recorded an inflow of $817,770 inflow of Tuesday, marking the third consecutive positive flow since last week. 

If these inflows intensify, HBAR could extend its ongoing price rally. In addition to that, data obtained fromCryptoQuant shows that HBAR’s spot and futures markets have large whale orders, signaling a potential rally ahead.

CoinGlass’s data also shows that HBAR’s long-to-short ratio reads 1.06 on Wednesday, the highest level in over a month. The ratio crossing one reflects bullish sentiment in the market, with more traders taking long positions over short. 

HBAR could extend gains towards $0.145

The HBAR/USD 4-hour chart is currently bullish after Hedera extended its value above $0.12 earlier this year. At press time, HBAR is nearing the 50-day Exponential Moving Average (EMA) at $0.127.

If the bulls push HBAR’s daily candle to close above the 50-day EMA, it could extend its gains towards the $0.145 resistance level. An extended rally could see HABR retest the upper trendline boundary of the wedge pattern at around $0.152.

HBAR/USD 4H Chart

The RSI on the 4-hour chart is at 58, above the neutral 50 level, indicating bullish momentum is gaining traction. Moreover, the Moving Average Convergence Divergence (MACD) shows a bullish crossover that remains intact.

On the flip side, if HBAR undergoes a correction, it could extend the decline toward the weekly support level below $0.1

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Bitwise’s Chainlink ETF approved for listing on NYSE Arca

  • Bitwise’s spot Chainlink ETF offers direct LINK exposure via NYSE Arca.
  • The ETF trades as CLNK with a 0.34% fee and an early fee waiver.
  • The ETF approval signals rising acceptance of altcoin ETFs in the US.

Bitwise Asset Management has received approval to list its Chainlink ETF on the NYSE Arca.

This launch opens a new avenue for US investors to gain exposure to Chainlink (LINK) without directly holding the cryptocurrency.

Trading for the ETF, which will carry the ticker CLNK, is expected to begin as soon as tomorrow.

The Bitwise Chainlink ETF

The Bitwise Chainlink ETF is a spot ETF, meaning it directly holds LINK tokens.

Therefore, investors can now participate in LINK’s potential upside through traditional brokerage accounts.

This approach eliminates the complexities of self-custody, private keys, and wallets that come with holding crypto directly.

Initially, the ETF will not offer staking services, but Bitwise plans to explore staking as a future feature.

In addition, the fund comes with a management fee of 0.34% annually, which is in line with many similar investment products.

To attract early investors, Bitwise will waive sponsor fees for the first three months on up to $500 million of assets under management.

This incentive is designed to encourage adoption and build liquidity in the ETF at launch.

A new chapter for crypto ETFs

The approval of the Chainlink ETF reflects growing regulatory acceptance of cryptocurrency-based financial products.

It follows a broader trend of institutional investors seeking regulated exposure to alternative cryptocurrencies beyond Bitcoin and Ethereum.

By listing on the NYSE Arca, Bitwise ensures the ETF meets strict regulatory standards and offers a familiar investment framework.

The market response has been positive, with LINK prices experiencing a boost as investor sentiment rises.

This development may also set the stage for other altcoin ETFs to enter the US market in the near future.

Investors now have a streamlined way to add Chainlink to their portfolios through a regulated vehicle.

Moreover, the ETF’s fee incentives and potential staking features make it an attractive option for both retail and institutional participants.

The approval of CLNK is particularly significant because it highlights the growing acceptance of altcoins in mainstream finance.

It demonstrates that regulators are willing to permit direct investment in specific cryptocurrencies via structured products.

This move also bridges the gap between the crypto market and traditional finance, providing a more secure and accessible entry point.

As investors monitor the ETF’s performance, the broader crypto ecosystem may experience a ripple effect.

For Chainlink, this listing could increase adoption and market interest, potentially impacting token liquidity and price discovery.

At press time, Chainlink’s native token LINK was already up 5.15%, trading at $13.91, showing the ETF approval has had a positive impact on the altcoin.

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Monero price prediction: XMR hits an all-time high of $716

Key takeaways

  • XMR has hit an all-time high price of $716 after adding 4% to its value in the last 24 hours.
  • The rally comes as privacy tokens have been recording gains since the start of the year.

XMR continues its rally, hits an ATH of $716

Monero (XMR) continued its excellent start to the year after hitting a new all-time high. The coin has added more than 4% to its value in the last 24 hours to hit an all-time high of $716 a few hours ago.

At press time, XMR has slightly retraced to now trade at $708 per coin. The rally means that XMR has added more than 50% to its value in the last seven days, outperforming other cryptocurrencies in the top 20.

Thanks to the ongoing rally, Monero is now the 12th-largest cryptocurrency, with a market cap close to $13 billion.  

However, crypto analytics platform Santiment has warned investors that the rising FOMO surrounding Monero could be risky. According to Santiment, XMR’s social dominance peaked on Sunday, while development activity has declined.

“If you are looking for an entry point, consider doing so after social hype and FOMO wears off slightly,” Santiment added. 

The coin is currently facing a retracement after hitting the all-time high price. 

XMR could rally higher amid growing FOMO

The XMR/USD 4-hour chart is bullish and efficient thanks to Monero adding 50% to its value in the last seven days. The coin is trading at $708 per coin and could rally higher in the near term. 

The momentum indicators are in the overbought region, which could result in Monero undergoing a correction. 

The Relative Strength Index (RSI) of 84 shows that XMR is overbought, signaling heightened bullish momentum. Overbought conditions in the RSI often lead to a short-term correction, as evidenced by XMR’s recent moves.

XMR/USD 4H Chart

The MACD lines are also in the bullish zone, adding more confluence to the market conditions. 

If the rally continues, XMR could hit an all-time high of $750 or more in the near term. However, if the market undergoes a correction, the leading privacy coin could retrace towards the support level at $601.

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XRP price jumps as Ripple secures Luxembourg EMI license

  • XRP price jumps 3.5% after Ripple gains Luxembourg EMI license approval.
  • XRP’s trading volume has surged 74%, signalling strong market and institutional interest.
  • The immediate XRP price support lies at $2.08, while the immediate resistance is at $2.29.

Ripple has secured preliminary approval for an Electronic Money Institution (EMI) license from Luxembourg’s financial regulator, the CSSF.

The milestone positions Ripple to expand Ripple Payments across the European Union, bringing institutional-grade digital asset infrastructure to the region.

The market reacted positively to the news, with XRP price climbing 3.5% over the last 24 hours, slightly outperforming the broader crypto market’s 3.37% gain.

Trading volume also surged 74% to $4.65 billion, reflecting strong investor and institutional interest.

Ripple’s European expansion

This EMI license is a critical step for Ripple in scaling regulated payment services across Europe.

Luxembourg’s regulatory framework allows Ripple to passport its services across the EU and EEA under the upcoming MiCA regulations.

Ripple now has over 75 licenses and registrations worldwide and has processed more than $95 billion in transactions.

The company emphasises its role in bridging legacy finance with digital assets to unlock trillions in dormant capital.

With the EU leading in digital asset regulation, Ripple aims to help institutions move from pilot programs to commercial-scale operations.

The Luxembourg EMI license reinforces Ripple’s commitment to regulatory compliance, which could accelerate institutional adoption of XRP.

XRP price movement

Following the announcement, XRP price surged to $2.14, with a 24-hour range of $2.06 to $2.18.

The cryptocurrency crossed key technical thresholds, including the 7-day and 30-day SMAs, signalling bullish momentum.

The MACD histogram turned positive, while RSI remains at 61.63, indicating the market is not overbought.

XRP price analysis
XRP technical analysis | Source: TradingView

High volume confirms the breakout, reducing volatility risks and suggesting strong market conviction.

XRP’s gains were supported by a broader crypto market rally, with Bitcoin (BTC) and Ethereum (ETH) posting 3.1% and 3.0% gains, respectively.

The Fear & Greed Index at 52 reflected neutral sentiment, allowing XRP to slightly outperform its peers.

XRP price forecast

Traders should watch $2.08 as immediate support, which is critical for sustaining the recent rally.

The first major resistance sits at $2.19, followed by $2.29 and $2.36.

Holding above $2.08 could see XRP test these resistance levels, while a drop below may open the path to $2.00.

The Luxembourg EMI license approval adds a fundamental catalyst that could support XRP’s price in the medium term.

With regulatory clarity and institutional adoption on the rise, XRP is poised to capture further upside in the European market.

Investors and traders should, however, closely monitor whether XRP can maintain strong volume above $3.5 billion, which would validate its breakout and signal continued bullish momentum.

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