Monat: Mai 2026

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XRP nears $1.50 as Senate crypto vote and whale buying fuel fresh optimism

  • XRP surged to intraday highs near $1.55 on renewed optimism.
  • Senate Banking Committee approved the Digital Asset Market Clarity Act in a 15-9 vote.
  • XRP price could target a breakout as the market cheers the regulatory milestone.

XRP price rose to near $1.55 on Friday as the cryptocurrency market cheered the Senate Banking Committee’s passage of the Digital Asset Market Clarity Act.

Other crypto assets also notched gains, with Hyperlquid, Flare, and XDC Network leading the top 100 coins by market cap.

Bitcoin also reclaimed the $80,000 level, with intraday highs coming as major altcoins held key levels.

CLARITY Act approval buoys crypto

The US Senate Banking Committee approved the bipartisan Digital Asset Market Clarity Act in a 15-9 vote, marking a significant step toward comprehensive crypto market structure legislation.

The measure will now move to a procedural merger with a similar bill in the Senate Agriculture Committee, advancing the legislative pathway for federal regulation of digital assets.

Senate Banking Committee Chairman Tim Scott engineered a last-minute maneuver to accept amendments he had previously rejected, winning over two Democratic senators after several hours of partisan debate.

While the legislation addresses a range of market structure issues, lawmakers and stakeholders acknowledged outstanding questions.

These include provisions related to law enforcement access and ethics safeguards.

Market participants nonetheless received the vote as a positive signal, interpreting it as the first major bipartisan movement on crypto market structure in months and a reduction of regulatory uncertainty ahead of a full Senate consideration.

Why could XRP price explode?

Ripple’s token XRP has struggled to climb above $1.50 in recent weeks, but tested the level late Thursday with an intraday surge to near $1.55.

While this aligned with broader market gains, the uptick largely reflected exuberance from the “XRP Army”, which views the regulatory tailwind as a major boost to the cryptocurrency.

The cryptocurrency traded around $1.47 early Friday.

XRP’s retest of the $1.50 level comes amid signs of renewed whale accumulation, with on-chain data showing growth in large-wallet holdings and rising concentration among long-term holders.

On-chain data indicates that this cohort holds a combined 45.83 billion XRP tokens, the biggest haul since May 2018.

A more definitive market-structure framework could ease compliance burdens and encourage fresh adoption of Ripple’s payment solutions, a dynamic that might translate into accelerated demand for XRP.

Risk remains though, with the path to the final vote including further legislative negotiations and potential amendments that might delay enactment into law.

Changes could also dilute near-term benefits for market participants. Nevertheless, analysts view the regulatory backdrop as one that could support sharper price moves.

The token’s price was roughly 5% up in the past week, but it has witnessed a 20% drawdown year-to-date and hovers 61% from its all-time peak.

The post XRP nears $1.50 as Senate crypto vote and whale buying fuel fresh optimism appeared first on CoinJournal.

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Hedera price forecast: HBAR risks 20% dive amid fresh selling

  • Fresh selling risks sending HBAR price down 20% to $0.070 support.
  • HBAR could mirror Bitcoin’s path before a rebound.
  • Technical indicators are mixed, pointing at a bounce to $0.12-$0.15.

Hedera (HBAR) price faces new downside pressure as selling intensifies across the cryptocurrency market.

The price has slipped nearly 1% over the past 24 hours to trade around $0.092, with daily trading volume dropping 13%.

This decline below the psychological $0.10 mark pushes HBAR further from last week’s highs, even as altcoins mirror a broader risk asset downturn.

As such, and despite growing enterprise adoption and network usage, short-term price action suggests further downside risks ahead.

Could Hedera price fall another 20%?

Cryptocurrencies are positioning for a potential sustained uptick, but macroeconomic headwinds and geopolitical tensions could trigger deeper corrections before any rebound materializes.

HBAR appears poised to echo Bitcoin’s recent trajectory, where a retest of critical support levels often precedes recovery.

Analysts warn of a possible 20% slip from current levels, targeting the $0.072 zone.

This is a familiar floor where prices have bounced robustly in prior retests.

Notably, the bearish scenario for HBAR stems from renewed selling pressure amid global uncertainties.

Elevated US inflation readings have triggered fresh jitters among traders, with BTC slipping from recent highs.

On-chain data reveals increased transfers to exchanges, signaling profit-taking by short-term holders.

If selling persists, HBAR could test $0.075-$0.070 support, which could represent a 20% drop from current levels near $0.092.

HBAR price technical outlook

Hedera’s short-term chart structure leans bearish, with HBAR testing the 50-day exponential moving average (EMA).

Prices have formed lower highs since the recent rejection at the $0.11 peak.

Hedera HBAR Price Chart
Hedera HBAR price chart by TradingView

Meanwhile, the relative strength index (RSI) hovers near 50 on the daily timeframe, but is sloping to indicate potential drop towards oversold conditions.

If the bullish divergence fails to hold for an immediate reversal, weak conviction among buyers could send HBAR towards $0.075-$0.070.

The drop could mark about 20% in further declines for the altcoin.

However, the broader technical setup points to accumulation rather than an outright slip into a bearish breakdown.

HBAR holding above the $0.090 level could strengthen this outlook.

In that case, upside targets would emerge, initially at $0.12, then $0.15.

Hedera’s resilience amid a potential Bitcoin rally could aid this upward move.

A boost from crypto fund demand will help the token’s price.

Net inflows into Canary’s spot Hedera ETF have increased, with the product seeing just one trading day of net outflows since its debut in October 2025.

The post Hedera price forecast: HBAR risks 20% dive amid fresh selling appeared first on CoinJournal.

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Quant (QNT) extends gains toward $80, testing breakout resistance

Key takeaways

  • Quant (QNT) extends its rally toward $80, supported by rising whale and retail demand. 
  • A breakout above the $80 resistance could set the stage for a potential rise toward $100. 

Quant (QNT) has extended its recent gains towards the $80 mark on Thursday, testing the potential breakout from a long-standing resistance trendline. 

The cryptocurrency’s bullish technical outlook is supported by rising leverage-based activity from large wallet investors, or whales, with a daily close above $80 paving the way for a possible rally toward the $100 target.

Whale and retail demand fuel Quant’s steady recovery

Quant’s steady short-term recovery is being driven by growing demand from both retail and large-wallet investors. 

CryptoQuant data reveals an increase in the average order size of executed orders in the leverage market, indicating heightened whale activity. Additionally, the 90-day cumulative volume difference between buy and sell orders reflects a clear buy dominance, further supporting bullish sentiment.

CoinGlass data shows that QNT futures Open Interest (OI) has surged to $17.61 million, up significantly from $16.96 million on May 1. 

This steady recovery in QNT futures is now approaching the peak of $38.27 million reached on September 21, indicating continued investor interest and positive market sentiment.

Technical outlook: Will Quant reach $100?

The QNT/USD 4-hour chart is bullish as Quant is up by 7% in the last 24 hours. It is currently trading at $78, above the 200-day Exponential Moving Average (EMA) near $77.52. 

The Moving Average Convergence Divergence (MACD) histogram is positive, with the MACD line crossing above its signal and both moving above zero, signaling strong bullish momentum. 

The Relative Strength Index (RSI) hovers around 64, indicating firm bullish momentum, though edging closer to overbought territory as price approaches higher resistance levels.

If the rally continues, a decisive close above the descending trendline break level near $77.89 would confirm a breakout from the triangle pattern on the daily chart. 

Such a breakout could pave the way for a rally toward the $88.30 swing high, followed by the 127.2% Fibonacci extension level at $101.14.

QNT/USD 4H Chart

However, if the bears regain control of the market, they would encounter initial support at the 50-day EMA near $72.03. 

A deeper pullback would target the 50% retracement level around $68.79, with further support found at the former rising trendline region near $67.86 and the 38.2% retracement near $66.86.

The post Quant (QNT) extends gains toward $80, testing breakout resistance appeared first on CoinJournal.

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Bitcoin struggles below $80,000 amid institutional withdrawal

Key takeaways

  • Bitcoin has dipped below $80,000 after being rejected by the key 200-day EMA supply zone.
  • US-listed spot ETFs recorded an outflow of $635 million on Wednesday.

Bitcoin (BTC) fell below $80,000 on Thursday after failing to overcome a key overhead supply area earlier this week. 

The pullback is attributed to fading institutional demand, with spot Exchange Traded Funds (ETFs) experiencing significant outflows, as well as a surge in traders’ profit-taking activity, increasing selling pressure on the leading cryptocurrency.

Highest single-day ETF outflow in three months signals weakening institutional demand

Institutional demand for Bitcoin has weakened, with spot ETFs recording a massive outflow of $635.23 million on Wednesday, the highest single-day withdrawal since the end of January. 

According to CoinGlass data, this marks the second consecutive day of withdrawals this week. If outflows persist or intensify, Bitcoin’s price correction could continue, further amplifying the bearish pressure.

Profit-taking among Bitcoin holders has surged, further adding to the selling pressure. CryptoQuant’s weekly report highlights that 14,600 BTC were realized in daily profits on May 4, the highest figure since December 10. 

The 37% rally from the April lows has brought Bitcoin holders back into profitable territory, triggering a wave of selling. This kind of behavior typically precedes further price declines, as traders capitalize on their gains.

Bitcoin price forecast: BTC could dip below $79,000

Bitcoin is trading at $79,458 on Thursday, having faced rejection from the overhead supply zone. 

The cryptocurrency has corrected for three consecutive days this week but is still holding above the 50-day and 100-day Exponential Moving Averages (EMAs), which are clustered just under $76,800. 

Despite this, Bitcoin remains capped below the 200-day EMA at $81,986 and the key 61.8% Fibonacci retracement at $83,437.

While the broader uptrend remains intact, the technical outlook suggests a cautious approach. The Relative Strength Index (RSI) hovers in the mid-50s, indicating a mild bullish bias, but the Moving Average Convergence Divergence (MACD) line is still in negative territory, hinting at tentative upside momentum.

If the bearish trend persists, immediate support is found at the 50% Fibonacci retracement level around $78,962, followed by the 100-day EMA at $76,756 and the 50-day EMA at $76,479. 

If selling accelerates, further support lies at the 38.2% Fibonacci retracement near $74,487 and the broken upward trendline around $70,171.

BTC/USD 4H Chart

On the upside, bulls need to clear the 200-day EMA at $81,986 to ease immediate pressure. Resistance then emerges at the 61.8% Fibonacci retracement at $83,437 and the horizontal barrier near $84,410. 

A daily close above this level would strengthen the case for a renewed push toward the January highs of $97,924.

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PI faces increased selling pressure, risks further decline below $0.1700

Key takeaways

  • Pi Network extends losses on Thursday and could dip lower in the near term.
  • The technical outlook for PI is mildly bearish as the short-term support is near $0.1687

Pi Network (PI) is edging lower on Thursday, threatening a potential bearish breakout below the $0.1700 mark. 

The rise in selling pressure is likely linked to renewed mainnet migration activity, with over 1 million PI tokens being deposited on centralized exchanges (CEXs), weighing down on the PI token’s price.

CEX deposits surge amid renewed mainnet migration

Pi Network is experiencing increased selling activity as investors transfer their PI tokens to exchanges after completing their Know Your Customer (KYC) verification.

PiScan data reveals that over 36 million PI tokens were migrated to the mainnet in the past four days, coinciding with the 26.20 million PI tokens unlocked from Pi Core Team wallets. 

Simultaneously, Pi-supporting exchanges saw an influx of 1.15 million tokens, indicating that large holders are reducing their exposure amid the option for an exit.

Technical outlook: PI risks deeper correction below $0.1700

The PI/USD 4-hour chart is bearish and efficient. At press time, Pi Network is trading around $0.1700, with a bearish near-term outlook. 

The PI token remains well below the 50-period Exponential Moving Average (EMA) at $0.1739 on the 4-hour chart, as well as the 100- and 200-period EMAs, which are clustered between $0.1750 and $0.1767. 

These moving averages, combined with the downward trendline, form a dense resistance zone that limits any upward movement.

The price is approaching the May 12 low of $0.1687, which has served as a base for short-term consolidation. 

The token is trapped within a descending wedge pattern, indicating that the current structure leans bearish. 

Additionally, the Relative Strength Index (RSI) is hovering near 40, slipping below the midline, while the Moving Average Convergence Divergence (MACD) line and its signal line remain marginally below zero, signaling that downside momentum is still in control.

If the bulls regain control, initial resistance lies near the 50-period EMA and the downward trendline break area around $0.1739. 

PI/USD 4H Chart

However, if the selloff persists, immediate support is loosely defined around the $0.1700 region, close to the May 12 low at $0.1687. 

A clear break below this level could open the door to fresh lows on the 4-hour chart, especially as the broader structure remains capped by the overhead moving averages and trendline resistances.

The post PI faces increased selling pressure, risks further decline below $0.1700 appeared first on CoinJournal.