Monat: Juli 2026

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, trading above $0.0000042 after breaking above a long-standing descending trendline. Improving on-chain activity and strengthening derivatives data suggest bullish momentum is building, potentially setting the stage for further upside.

Exchange outflows point to reduced selling pressure

On-chain data from CryptoQuant indicates investors have been steadily moving SHIB off centralized exchanges, a trend often viewed as a positive signal for prices.

The platform’s exchange netflow data recorded five consecutive days of net outflows beginning on July 17, showing that more SHIB tokens are leaving exchanges than being deposited.

This pattern typically suggests investors are transferring tokens into private wallets for longer-term holding rather than preparing to sell, reducing immediate selling pressure in the market.

The continued decline in exchange balances could support SHIB’s ongoing recovery if buying demand remains steady.

Market positioning in the derivatives sector also points to improving confidence among traders.

According to CoinGlass, SHIB’s long-to-short ratio stood at 1.02 on Tuesday, indicating a slight preference for long positions over shorts and reflecting growing optimism that prices could continue moving higher.

Sentiment is further supported by funding rates. SHIB’s perpetual futures funding rate turned positive on July 17 and remained in bullish territory at 0.0103% on Tuesday. 

Positive funding rates indicate that traders holding long positions are paying those with short positions, a sign that bullish bets currently outweigh bearish ones.

The combination of positive funding rates and a favorable long-to-short ratio suggests traders are increasingly positioning for additional gains.

Shiba Inu price outlook: Bulls target higher resistance

From a technical perspective, SHIB has improved its near-term outlook after breaking above a descending trendline that had capped price action since mid-May.

The breakout places the meme coin in a stronger position to extend its recovery if buying momentum continues.

The next major resistance lies around $0.0000045. A decisive close above this level could pave the way for a move toward the 50-day Exponential Moving Average (EMA), which is also positioned near $0.0000045.

Momentum indicators have also turned more constructive. The Relative Strength Index (RSI) has climbed to 54 and is moving towards the 60 level, signaling that bearish momentum is fading. 

Meanwhile, the Moving Average Convergence Divergence (MACD) has produced a bullish crossover, with expanding green histogram bars reinforcing the improving technical outlook.

However, if the current recovery loses momentum and sellers regain control, SHIB could retreat toward its yearly low near $0.0000040, where buyers may attempt to defend the broader uptrend.

The post Shiba Inu tops $0.0000042 as exchange outflows and bullish derivatives boost sentiment appeared first on CoinJournal.

Key takeaways

• Stellar (XLM) continues to trade in narrow ranges as investors await the next major price catalyst.
• Derivatives data presents mixed signals, with bearish long-to-short ratios offset by positive funding rates for XLM.
• XLM remains below key moving averages, leaving its short-term outlook dependent on whether bulls can reclaim major resistance levels.

Stellar (XLM) is trading within narrow ranges on Tuesday as investors weighed conflicting signals from derivatives markets and on-chain activity. Stellar remains under pressure near an important support area.

The combination of bearish positioning in derivatives markets and improving funding rates suggests traders remain divided on the next major move, increasing the likelihood of heightened volatility in the coming sessions.

Derivatives data paints a mixed picture for XLM

Market positioning remains uncertain across both cryptocurrencies. According to CoinGlass, the long-to-short ratio stood at 0.81 for XLM on Tuesday. 

Ratios below one indicate that short positions continue to outnumber long positions, reflecting a cautious outlook among derivatives traders.

However, funding rates tell a different story. Stellar’s funding rate flipped positive on Monday and reached 0.0068%.

Positive funding rates indicate that traders holding long positions are paying those with short positions, a sign that bullish sentiment is gradually improving despite the dominance of bearish bets.

Data from CryptoQuant indicates selling pressure continues to dominate both the spot and derivatives markets, with large whale orders pointing toward cautious investor sentiment. 

This persistent selling activity could limit the token’s ability to sustain any meaningful upside in the near term.

Key support remains under pressure

Stellar was trading around $0.187, continuing to consolidate near a critical support zone.

The token remains below its 50-day EMA near $0.189, while hovering just above the 100-day EMA around $0.187, indicating that buyers are attempting to defend this level despite the broader bearish trend.

Momentum indicators remain relatively subdued. The RSI is positioned near 53, reflecting weak but stable momentum, while a slightly positive MACD reading points to consolidation rather than a strong directional move.

On the upside, Stellar faces immediate resistance at the 50-day EMA, followed by the 200-day EMA near $0.196 and the 61.8% Fibonacci retracement level around $0.200.

If selling pressure resumes, initial support lies at the 100-day EMA near $0.187, followed by the horizontal support at $0.177 and the 78.6% Fibonacci retracement around $0.173. A deeper correction could expose the long-term support level near $0.142.

With technical indicators sending mixed signals and derivatives markets reflecting growing indecision, both XRP and Stellar appear to be approaching a pivotal point where a decisive breakout or breakdown could determine their next medium-term trend.

The post Stellar price outlook: mixed derivatives data signals potential breakout appeared first on CoinJournal.

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 lower on Monday, continuing its recent correction as both institutional and retail market indicators pointed to weakening demand.

Although trading activity has picked up sharply over the past 24 hours, declining futures positioning and muted exchange-traded fund (ETF) inflows suggest investors remain cautious about the token’s near-term outlook.

The combination of slowing institutional participation and growing bearish sentiment has kept SOL under key technical resistance levels.

Institutional investors continue to favor Bitcoin and Ethereum

Demand for Solana-focused investment products remained subdued last week.

According to CoinGlass data, SOL exchange-traded funds (ETFs) attracted approximately $948,210 in net inflows, following $930,430 the previous week.

While inflows remained positive, they were significantly lower than those recorded by the two largest cryptocurrencies: Bitcoin ETFs, with $75.67 million in weekly inflows, and Ethereum ETFs with $105.44 million in weekly inflows.

The figures suggest institutional investors continue allocating capital toward more established digital assets rather than increasing exposure to Solana.

Retail trading activity increased sharply despite the recent price weakness. CoinGlass data shows that the futures trading volume jumped 78% to $5.37 billion over the past 24 hours. Meanwhile, the Open Interest (OI) slipped slightly to $4.77 billion.

The combination of rising trading volume and declining Open Interest typically suggests positions are being closed rather than new bullish positions being established.

Meanwhile, funding rates have turned slightly negative, falling to approximately 0.0023%, indicating traders are increasingly willing to pay to maintain short positions.

This shift points to growing bearish sentiment among derivatives traders despite elevated market activity.

Solana price prediction: Will SOL fall toward $70?

From a technical perspective, Solana continues to trade within a short-term bearish structure.

On the four-hour chart, SOL remains below both the 50-period EMA at $76.32 and the 200-period EMA at $76.51.

These moving averages continue to act as immediate resistance, limiting the token’s recovery attempts.

Technical indicators present a mixed picture. The Relative Strength Index (RSI) is hovering around 49, indicating neutral momentum with neither buyers nor sellers holding a decisive advantage.

Meanwhile, the Moving Average Convergence Divergence (MACD) has turned modestly positive, suggesting buying pressure is gradually improving.

However, the bullish momentum remains too weak to overcome the prevailing downward trendline.

If selling pressure continues, traders will be watching the following support levels:

• $73.50 — S1 Pivot support.
• $72.80 — Descending trendline support.
• $70.62 — S2 Pivot support.

A decisive move below the $72.80–$73.50 support zone could accelerate losses toward $70.62.

For the bullish outlook to improve, Solana must first break above its descending resistance trendline near $77.27.

If buyers reclaim this level, the next upside targets become the $81.92 resistance. 

A sustained close above the trendline would weaken the current bearish structure and increase the probability of a broader recovery.

Solana continues to face headwinds from both institutional and retail markets. While trading activity has surged, declining Open Interest, weakening funding rates, and modest ETF inflows indicate investors remain cautious.

Unless SOL breaks above the $77.27 resistance level, the correction that began in early July is likely to continue, with $70.62 emerging as the next major downside target.

The post SOL faces selling pressure as ETF inflows slow and futures sentiment weakens appeared first on CoinJournal.