Monat: August 2026

Key takeaways

• Cardano slipped to around $0.210 after losing more than 7% this week.
• Whales holding between 10 million and 100 million ADA accumulated 160 million tokens since Sunday.
• ADA’s long-to-short ratio fell to 0.74, indicating that bearish positions dominate the derivatives market.

Cardano is trading at $0.210 on Friday after declining more than 7% since the beginning of the week.

Despite the pullback, on-chain data shows that some large investors are accumulating ADA. 

However, conflicting derivatives and on-chain signals suggest traders remain uncertain about whether the cryptocurrency can recover or extend its decline.

Cardano whales accumulate 160 million ADA

Santiment’s Supply Distribution data shows that large Cardano holders have been buying ADA during the latest price correction.

Wallets holding between 10 million and 100 million ADA accumulated approximately 160 million tokens since Sunday. The purchases indicate that some whales continue to view the lower prices as a long-term buying opportunity.

However, the accumulation has yet to generate enough demand to reverse ADA’s short-term decline.

Whale buying during a pullback can support a positive longer-term outlook, but it does not guarantee an immediate recovery—particularly when broader market sentiment remains cautious.

Cardano’s derivatives indicators present a mixed outlook. CoinGlass data shows that ADA’s long-to-short ratio stood at 0.90 on Friday, approaching its lowest level in more than a month. 

A ratio below one indicates that more traders hold short positions than long positions, reflecting expectations of further price declines.

The reading suggests that bearish traders continue to dominate the derivatives market despite the recent accumulation by whales.

ADA’s funding rate paints a slightly more optimistic picture. CoinGlass data shows that the token’s open interest-weighted funding rate turned positive on Thursday and reached 0.0013% on Friday.

A positive funding rate means traders holding long positions are paying those with short positions. This typically indicates that bullish positions are becoming more prominent, even though the long-to-short ratio continues to favor sellers.

The divergence between the two indicators highlights the uncertainty surrounding Cardano’s near-term direction.

CryptoQuant’s summary data supports this cautious view. Although the futures market has recorded large whale orders, selling activity remains dominant, while several other indicators are neutral.

Together, the metrics point to indecision rather than a clear bullish or bearish trend.

Cardano holds above key moving averages

ADA traded around $0.210 on Friday after losing more than 7% during the week. Despite the decline, Cardano remains above its 50-day and 100-day Exponential Moving Averages at $0.190 and $0.197, respectively. 

Holding above these averages gives ADA a slightly bullish short-term bias, although the token continues to trade below significant overhead resistance.

Momentum indicators are also cooling. The Relative Strength Index has retreated toward the upper-50 region, while the Moving Average Convergence Divergence histogram is contracting.

These readings suggest that the buying momentum behind Cardano’s recent rebound is weakening.

Cardano’s first major resistance sits at $0.213, corresponding with the 50% Fibonacci retracement level of its latest decline.

A close above this level could allow ADA to target the 61.8% Fibonacci retracement at $0.231, followed by horizontal resistance at $0.236.

Beyond those levels, ADA faces a significant supply zone between the $0.245 horizontal resistance and the 200-day EMA at $0.246. A decisive break above this area would strengthen the bullish outlook and potentially clear the way for further gains.

On the downside, immediate support sits near the 38.2% Fibonacci retracement level at $0.195.

This region is reinforced by the 50-day and 100-day EMAs, making it an important support cluster for Cardano bulls. A sustained close below it could expose the 23.6% Fibonacci retracement level at $0.173.

If selling pressure intensifies and ADA loses $0.173, the token could retreat toward its stronger structural support around $0.150.

For now, whale accumulation offers some encouragement, but mixed derivatives data and weakening momentum leave Cardano’s short-term recovery uncertain.

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Key takeaways

• Ethereum has gained 27% in seven days after breaking above $2,000 and triggering substantial short liquidations.
• Proposed SEC crypto rules and planned Treasury bond buybacks have strengthened risk appetite.
• Ethereum ETFs attracted more than $1.2 billion in August, their highest monthly inflow since August 2025.

Ethereum rallies 27% after breaking above $2,000

Ethereum has climbed 27% over the past seven days after moving above the psychologically important $2,000 level. The breakout triggered substantial short liquidations, adding momentum to the rally.

Improving regulatory expectations in the United States also supported the broader cryptocurrency market. The Securities and Exchange Commission’s proposed framework for crypto assets could give projects more flexibility to raise capital without following the traditional securities-listing process.

Meanwhile, the Treasury Department announced plans to double its bond buybacks beginning in September. The program is expected to inject billions of dollars of liquidity into financial markets, potentially benefiting risk-sensitive assets such as cryptocurrencies.

Institutional demand has strengthened alongside the price recovery. Investors poured more than $1.2 billion into Ethereum-linked exchange-traded funds during August, according to SoSoValue.

That represents the strongest monthly inflow since August 2025, when ETH reached its latest record high.

Crypto market sentiment has also shifted sharply. The Crypto Fear and Greed Index rose from below 40, indicating fear, to 80, representing extreme greed. It is the index’s highest reading since December 2024, when Ethereum traded near $4,000.

The change suggests that investors have adopted a more aggressive, risk-on position. However, elevated optimism can also increase the possibility of a short-term correction.

Ethereum’s on-chain data supports the improving outlook, but a key volume signal has yet to be triggered.

The gap between Ethereum’s seven-day and 30-day trading-volume moving averages has narrowed following renewed buying activity and the recent short squeeze.

A crossover in which the seven-day average moves above the 30-day average would provide stronger confirmation of bullish momentum. According to the analysis, this signal has identified the beginning of Ethereum’s previous bullish cycles during the past three years.

Until that crossover occurs, the rally still lacks full volume-based confirmation.

The successful implementation of Ethereum’s planned Glamsterdam upgrade could become the market’s next major catalyst.

A smooth rollout may strengthen confidence in Ethereum’s development roadmap and network capabilities. The upgrade could have an effect similar to the Pectra upgrade in April 2025, which coincided with improving market momentum.

Its impact will depend on implementation, adoption and broader financial-market conditions.

ETH may retest $2,200 before advancing toward $2,800

The weekly Ethereum outlook has shifted from bearish to bullish, with a medium-term target of $2,800. The revised forecast follows an earlier bearish projection of $1,600 for the first half of 2026.

A confirmed break above $2,200 is viewed as a potential buy signal. Historical price action suggests ETH could then consolidate between $2,200 and $2,800, resembling the pattern seen at the beginning of the April–May 2025 rally.

Momentum indicators nevertheless point to the possibility of a near-term pullback. Ethereum’s weekly Relative Strength Index has reached 88, placing it deep in overbought territory.

A correction toward $2,200 would relieve some of that pressure and could establish a stronger base for another advance. Failure to hold that level, however, would weaken the current bullish setup.

If Ethereum holds above $2,200 and subsequently clears the $2,800 resistance level, historical patterns suggest a longer-term target near $5,400.

That projection remains conditional rather than guaranteed. Ethereum would need continued ETF demand, supportive liquidity conditions, successful network upgrades, and sustained trading momentum to maintain the rally.

For now, $2,200 is the most important support level, while $2,800 represents the next major resistance.

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Key takeaways

• Pi Network trades around $0.0900 on Wednesday, maintaining mild upside momentum above the critical $0.0853 support.
• The broader cryptocurrency market is retreating as investors take profits following last week’s double-digit gains.
• A break above $0.1022 could open the path toward $0.1204.

Pi Network is showing modest upside movement on Wednesday, with PI trading around $0.0900 and remaining above an important technical support level.

However, the broader cryptocurrency market’s recovery is losing momentum as investors lock in profits following last week’s sharp gains. PI’s technical indicators also remain mixed, reflecting a lack of decisive buying pressure.

Profit-taking slows the crypto market rally

The broader cryptocurrency market is edging lower this week after several major assets recorded double-digit gains during the previous week.

CoinGlass data shows that approximately $373 million in leveraged positions was liquidated over the past 24 hours. Long positions accounted for $310 million of that total, indicating that the latest pullback caught bullish traders off guard.

The elevated long liquidations suggest renewed selling pressure as investors reduce risk and take profits from the recent rally.

Despite the pullback, overall market sentiment remains strongly positive. CoinMarketCap’s Crypto Fear and Greed Index stood at 80 on Wednesday, placing the market firmly within the “extreme greed” zone.

The reading indicates that bullish sentiment persists even as traders assess whether the current decline is a temporary correction or the beginning of a broader reversal.

Pi Network holds above the $0.0853 support

Pi Network trades near $0.0900 at the time of writing, maintaining a neutral short-term outlook.

The token remains above the 23.6% Fibonacci retracement level at $0.0853. This level is calculated from PI’s decline between the $0.1341 high and the $0.0703 swing low.

As long as PI holds above $0.0853, buyers may retain an opportunity to extend the recovery. However, the token needs stronger momentum to overcome the resistance levels above its current price.

The 50% Fibonacci retracement level at $0.1022 represents the next major barrier for Pi Network.

This level rejected PI’s recovery attempt in mid-July, reinforcing its importance as a potential supply zone. A decisive daily close above $0.1022 could strengthen the bullish outlook and extend the advance toward the 78.6% Fibonacci retracement at $0.1204.

Such a breakout would also move PI above the psychologically important $0.1000 threshold, potentially attracting additional buying interest.

Pi Network’s momentum indicators show signs of stabilization but do not yet confirm a strong bullish trend.

The Moving Average Convergence Divergence indicator remains marginally above its signal line on the daily chart. This position points to a slight bullish bias, although the narrow separation between the lines reflects weak momentum.

Meanwhile, the Relative Strength Index stands near 51. The neutral reading suggests that buyers and sellers remain relatively balanced, leaving PI vulnerable to broader market movements.

The $0.0853 Fibonacci level remains the immediate support to monitor. A confirmed daily close below this level could invalidate PI’s near-term recovery outlook and increase selling pressure. In that scenario, the token could revisit the $0.0703 swing low.

Conversely, continued consolidation above $0.0853 would preserve the possibility of another attempt to break the $0.1022 resistance.

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Bitcoin extended its rally on Tuesday, hitting the $80,000 psychological level for the first time since May 4.

The rally comes as improving liquidity expectations continued to lift the broader cryptocurrency market.

Bitcoin has gained nearly 30% in the last week, while Ethereum has risen more than 25% and XRP has advanced almost 30%.

The rally gained momentum after the U.S. Treasury announced plans to double the size of certain debt buyback operations.

The decision eased liquidity concerns and strengthened demand for risk-sensitive assets.

With Bitcoin still flying, investors are now watching whether it can extend its rally and reach the $85,000 level.

Bitcoin rally persists as Treasury buyback expansion strengthens crypto rally

The primary catalyst behind Bitcoin’s rally over the past seven days is the U.S. Treasury’s decision to expand its debt buyback program.

Larger buybacks can support liquidity in the market for longer-dated Treasury securities, easing financial pressures and encouraging investors to increase their exposure to riskier assets.

Major cryptocurrencies including Bitcoin, Ethereum, and XRP responded strongly to the announcement, recording double-digit weekly gains.

Short liquidations also accelerated the rally as bearish traders were forced to close their positions, adding further buying pressure.

Bitcoin has now hit the $80,000 level on Friday after decisively breaking above its major exponential moving averages.

The 200-day EMA stands at $71,545, while the 100-day and 50-day EMAs are located at $66,727 and $65,286, respectively.

BTC’s position above all three indicators supports a bullish near-term outlook and suggests the market’s broader technical structure has improved considerably.

Market data shows that the current breakout is accompanied by strong trading volume, adding credibility to the latest upward move.

If Bitcoin continues to trade above the 200-day EMA, it would reinforce the case for further gains and could establish the level as new support.

BTC bulls target the $82,689 resistance

Bitcoin’s next major resistance lies near the psychological and horizontal barrier at $82,689.

Buyers have pushed Bitcoin’s price past the $80,000 level, ensuring that fresh selling pressure doesn’t dampen the ongoing rally.

A decisive break and daily close above the $82,689 barrier would strengthen the bullish outlook and potentially open the way to higher levels.

Failure to clear $82,689 could lead to a period of consolidation as traders digest the recent gains.

Bitcoin’s momentum indicators remain bullish but increasingly stretched. The relative strength index is hovering near 85, placing BTC firmly in overbought territory.

Such a high reading does not guarantee an immediate reversal, but it indicates that the rally may be vulnerable to a corrective pause.

The moving average convergence divergence remains strongly positive, showing that upward momentum is still intact.

Together, the indicators suggest bulls remain in control, although the risk of short-term profit-taking has increased.

If the bears regain control,  initial support sits at the 200-day EMA near $74,700. Holding above this indicator would preserve the immediate bullish structure and could provide a foundation for another attempt at $83,000.

A deeper correction could bring the 100-day EMA at $71,545 and the nearby horizontal level at $66,727 into focus.

Below that region, the 50-day EMA at $65,286 offers another layer of support, followed by the structural floor at $62,300.

A sustained decline below $62,300 would weaken the broader bullish outlook, while continued trading above the 200-day EMA would keep the $80,000 target within reach.

 

The post Breaking: Bitcoin hits $80k for the first time since May as rally continues appeared first on CoinJournal.

Key takeaways

• Bitcoin trades around $77,000 after gaining more than 23% last week, its strongest weekly performance since March 2023.
• Investors realized $1.72 billion in profits on Friday, the highest daily total since November 2024.
• US spot Bitcoin ETFs attracted $1.92 billion in weekly inflows, their strongest showing since October 2025.
• BTC faces immediate resistance at $78,490 and $80,000, with additional upside targets at $81,059, $87,599 and $88,990.

Bitcoin is trading around $77,000 on Monday after surging more than 23% last week, its strongest weekly gain since mid-March 2023.

The rally followed the US Treasury’s announcement that it would expand its debt buyback operations, improving sentiment across cryptocurrency markets.

Strong institutional demand also supported the advance, with US spot Bitcoin exchange-traded funds recording their largest weekly inflows since October 2025.

However, on-chain data suggests some investors are taking profits as BTC approaches the psychologically important $80,000 level.

That selling activity could result in a temporary consolidation phase or a short-term pullback before Bitcoin attempts another move higher.

Bitcoin investors realize $1.72 billion in daily profits

CryptoQuant data shows Bitcoin holders realized approximately $1.72 billion in profits on Friday.

The figure marked the highest daily realized profit total since late November 2024. Last week’s rapid price increase moved many investors back into profitable territory, encouraging some holders to sell and secure their gains.

Historically, sharp increases in realized profits can precede a period of consolidation or a temporary correction as additional supply enters the market.

The profit-taking does not necessarily signal the end of Bitcoin’s broader recovery. However, it does indicate that the market may face increased selling pressure near major resistance levels.

Despite the increase in profit-taking, Bitcoin’s underlying spot demand has improved. CryptoQuant’s apparent demand metric has moved into positive territory after remaining negative since late February.

The shift suggests net buying interest has strengthened, potentially providing support even as some investors reduce their positions.

A sustained improvement in spot demand would help offset selling pressure and support the case for a continuation of Bitcoin’s rally.

However, traders will be watching whether buyers can maintain that momentum while BTC consolidates below $80,000.

Institutional investors played a significant role in last week’s price advance. US spot Bitcoin ETFs recorded approximately $1.92 billion in net inflows, according to SoSoValue data.

The figure represented the highest weekly inflow so far this year and the strongest since mid-October 2025.

Continued inflows could provide additional support for Bitcoin as it attempts to overcome nearby resistance.

Conversely, a slowdown in institutional demand may make it more difficult for BTC to sustain its recent gains, particularly while short-term momentum appears stretched.

BTC caces immediate resistance at $78,490

Bitcoin recently tested the 61.8% Fibonacci retracement level at $78,490. The level is derived from the move between the August 2024 low near $49,000 and the October 2025 record high of $126,199.

A weekly close above $78,490 would strengthen the bullish technical outlook and could open the way toward the 50-week Simple Moving Average at $81,059.

Before reaching that level, Bitcoin must also clear the psychological resistance at $80,000.

If buyers push BTC above both barriers, the next major upside target would be the 50% Fibonacci retracement level at $87,599.

The 100-week SMA near $88,990 represents another significant resistance level within the same price zone.

Bitcoin remains above its 200-week SMA at $64,571 following its recent breakout from a prolonged consolidation phase.

The weekly Relative Strength Index stands near 55, comfortably above the neutral level of 50.

This reading suggests that momentum has improved without yet reaching an extreme on the weekly timeframe.

The weekly Moving Average Convergence Divergence indicator also remains bullish after recording a positive crossover in mid-July.

Rising green histogram bars suggest that upward momentum continues to build. Together, these indicators support the possibility of additional gains if Bitcoin can overcome resistance between $78,490 and $81,059.

The daily chart presents a more cautious picture despite Bitcoin’s strong overall structure.

BTC trades well above its 50-day, 100-day and 200-day Exponential Moving Averages, located at $66,786, $67,415 and $71,781, respectively.

However, the daily RSI has climbed to approximately 79, placing Bitcoin firmly in overbought territory.

Such readings do not automatically imply an imminent reversal, but they often indicate that a market may need to consolidate or retrace after a sharp advance.

The daily MACD remains positive, confirming that bullish momentum is still in place, although the strength of the recent move leaves BTC vulnerable to profit-taking.

If Bitcoin pulls back, the 200-day EMA near $71,781 represents the first major technical support level.

The psychological $70,000 mark is another important area that could attract buyers if selling pressure increases.

A deeper decline would expose the 100-day EMA at $67,415 and the 50-day EMA at $66,786.

The nearby horizontal support at $66,500 strengthens that broader demand zone. If those levels fail, Bitcoin could fall toward the next major support area around $62,300.

For now, BTC’s immediate outlook depends on whether buyers can absorb profit-taking and push the price above $78,490 and $80,000. A successful breakout would keep $81,059 and the $87,599 to $88,990 region in focus.

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