Monat: Juli 2026

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.

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, with support at $0.734 and a potential downside target near $0.532.

LayerZero (ZRO) extended its recent losses on Monday, falling roughly 4% as investors prepared for one of the project’s largest scheduled token unlocks.

The token has already declined about 9% over the past week, and the release of 25.71 million ZRO into circulation could add further selling pressure in the short term.

Although derivatives activity has surged ahead of the unlock, market positioning suggests traders remain cautious about the token’s near-term outlook.

Monthly token unlock adds supply pressure

According to Tokenomist data, LayerZero will unlock 25.71 million ZRO tokens on Monday, representing approximately 4.6% of the token’s total supply.

The newly unlocked tokens will primarily be allocated to strategic partners and core contributors.

At the same time, approximately 1.67 million ZRO, or 0.3% of the released supply, will be repurchased through a buyback program.

The planned buyback may signal confidence from the project’s core team, but the additional circulating supply is still expected to weigh on short-term price action as investors assess potential selling activity.

While institutional allocations are set to increase, retail traders have become increasingly active in LayerZero’s derivatives market.

CoinGlass data shows futures trading volume surged 552% over the past 24 hours to $248.65 million. Meanwhile, Open Interest (OI) increased 4.52% to $80.87 million, indicating new positions are entering the market.

The rise in both trading volume and Open Interest suggests growing speculation ahead of the token unlock.

However, sentiment appears to be shifting. Despite higher trading activity, perpetual futures funding rates have weakened.

The funding rate declined to 0.0061% from 0.0121% a day earlier, indicating demand for leveraged long positions is easing.

Lower funding rates often reflect reduced confidence among bullish traders, particularly before major token unlocks that increase circulating supply and create expectations of additional selling pressure.

The combination of rising speculative activity and weakening bullish positioning suggests investors remain cautious heading into the unlock event.

LayerZero price prediction: Bears remain in control

From a technical perspective, LayerZero continues to trade within a well-established downtrend.

The token remains below its 50-day Exponential Moving Average (EMA) near $0.957, reinforcing bearish momentum.

The outlook also remains negative following the death cross formed in late April, when the 50-day EMA crossed below the 200-day EMA—a signal often associated with sustained downward trends.

Technical indicators continue to support the bearish outlook. Relative Strength Index (RSI) reads around 36, indicating strong bearish momentum while remaining above oversold territory.

Both the MACD and signal lines remain below zero and continue trending lower, suggesting downside momentum persists.

These indicators show sellers continue to dominate despite increased derivatives activity.

The most important downside support remains at $0.734, the major structural support and Fibonacci anchor.

A decisive break below this level could accelerate selling and expose the next technical target at $0.532. Reaching this level would represent roughly 25% downside from current prices.

If buyers manage to regain momentum following the token unlock, the first resistance zone sits around $0.945 (23.6% Fibonacci retracement), with another hurdle at $0.957 (50-day EMA).

A daily close above this resistance cluster would reduce immediate bearish pressure and could open the door for a move toward $1.325.

However, reclaiming the 50-day EMA remains necessary before a broader recovery can develop.

The post ZRO slides 4% ahead of 25.7 million token unlock appeared first on CoinJournal.