Autor: dot-traders

Key takeaways

• Cardano (ADA) trades below $0.175 on Monday after declining more than 9% last week. 
• Large Cardano whales holding between 10 million and 100 million ADA have offloaded approximately 50 million tokens since November 4, signaling weakening confidence.
• ADA risks extending its decline toward $0.156 as bearish technical indicators persist, while immediate resistance stands at $0.183.

Cardano (ADA) remains under pressure on Monday, trading around $0.1748 after recording five consecutive weeks of losses. 

The cryptocurrency declined more than 9% last week, extending a downturn that began in early October as selling pressure continues to outweigh buying interest.

Cardano whales dump 50 million ADA tokens

Cardano’s largest investors have continued reducing their holdings, raising concerns about the cryptocurrency’s near-term price outlook.

According to Santiment’s Supply Distribution data, wallets holding between 10 million and 100 million ADA have collectively offloaded approximately 50 million tokens since November 4.

The decline suggests that this group of large holders has become increasingly cautious amid Cardano’s prolonged price weakness.

Beyond whale distribution, Cardano’s broader on-chain and trading indicators continue to reflect cautious market sentiment.

CryptoQuant’s market summary highlights significant whale orders across ADA’s spot and futures markets, accompanied by overheating conditions and sell-side dominance.

The combination suggests that large market participants remain active, but selling activity continues to outweigh buying interest.

Cardano technical outlook: ADA bears target the $0.156 support

Cardano’s technical outlook remains unfavorable as the cryptocurrency struggles to recover from five consecutive weeks of losses.

At the time of writing on Monday, ADA trades around $0.1748, remaining firmly below its major Exponential Moving Averages (EMAs).

The 50-day EMA stands at $0.209, while the 100-day EMA is positioned at $0.211. Meanwhile, the longer-term 200-day EMA sits considerably higher at $0.232.

The recent recovery attempt from below $0.180 has done little to change the broader technical structure, suggesting that the rebound may represent temporary consolidation rather than the beginning of a sustained bullish reversal.

Momentum indicators also point to continued weakness. The daily Relative Strength Index (RSI) hovers near 30, approaching oversold territory while indicating that selling momentum remains dominant.

Meanwhile, the Moving Average Convergence Divergence (MACD) remains slightly negative, reinforcing the cautious outlook.

If ADA fails to attract stronger buying interest, sellers could push the price toward the horizontal support level at $0.156.

A decisive breakdown below this area would weaken the technical structure further and potentially expose Cardano to a deeper correction.

However, Cardano could attempt a short-term recovery if buyers defend current price levels. The first significant resistance stands at $0.183, which ADA must reclaim to establish an initial improvement in momentum.

A sustained breakout above this level could encourage buyers to target the 50-day EMA at $0.209, followed closely by the 100-day EMA at $0.211.

However, these moving averages form a concentrated resistance zone that could attract renewed selling pressure.

Beyond this area, the 200-day EMA around $0.232 represents another major hurdle. Additional resistance levels are located at $0.236 and $0.245, while a more substantial recovery could eventually bring the $0.296 region into focus.

The post Cardano whales dump 50 million tokens amid bearish sentiment appeared first on CoinJournal.

Key takeaways

• XRP trades near $1.09 on Monday after declining more than 10% last week, with sellers maintaining control of the broader market.
• US spot XRP ETFs recorded $529,510 in net outflows last week, ending two consecutive weeks of positive institutional flows.
• XRP risks testing the psychological $1 support level as bearish technical indicators persist.

XRP continues to face selling pressure on Monday, trading around $1.097 after losing more than 10% of its value last week. 

The cryptocurrency remains firmly in bearish territory as weakening institutional demand, deteriorating derivatives positioning, and unfavorable macroeconomic conditions undermine recovery attempts.

XRP ETF outflows signal cooling institutional demand

Institutional appetite for XRP weakened last week, reversing the positive momentum recorded during the previous two weeks.

According to SoSoValue, US spot XRP ETFs recorded $529,510 in net outflows last week, ending the two consecutive weeks of inflows.

For XRP, the return to negative weekly flows comes at a particularly vulnerable time, with the cryptocurrency already facing substantial technical weakness.

Beyond ETF withdrawals, derivatives market data suggests traders are increasingly positioning for further downside.

According to CoinGlass, XRP’s long-to-short ratio declined to 0.89 on Monday, approaching its lowest level in more than a month.

A ratio below one indicates that short positions outnumber long positions in the measured market, suggesting traders are leaning toward further price declines.

Additional data from CryptoQuant reinforces this bearish outlook. The analytics platform’s market summary shows large whale orders across XRP’s spot and futures markets, accompanied by persistent sell-side dominance.

This combination suggests that larger market participants remain active while selling pressure continues to outweigh buying demand.

CryptoQuant also identifies heating conditions in the spot market, indicating heightened trading activity during the ongoing correction.

Macroeconomic developments are creating additional challenges for XRP as investors reassess the outlook for US monetary policy.

Stronger-than-expected US Nonfarm Payrolls (NFP) data released last week reinforced expectations that the Federal Reserve could maintain restrictive interest rates for longer or introduce another rate increase.

According to CME FedWatch figures, traders are pricing in approximately a 78.7% probability of a December interest rate hike, compared with 72.8% before the employment report.

XRP price forecast: Bears target the psychological $1 support

XRP’s technical outlook remains bearish as the cryptocurrency trades well below its major moving averages.

At the time of writing on Monday, XRP changes hands near $1.097, following a sharp weekly decline that has left buyers struggling to regain control.

The cryptocurrency remains below its 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are clustered between $1.302 and $1.360.

This creates a significant resistance zone, suggesting that any meaningful recovery could encounter substantial selling pressure.

Momentum indicators also point to continued weakness. The daily Relative Strength Index (RSI) stands near 26, placing XRP firmly in oversold territory.

Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains negative, reinforcing the prevailing bearish momentum.

With XRP trading near recent lows, sellers could attempt another push toward the psychological $1 support level.

A decisive breakdown below this threshold would represent a significant technical setback and could encourage further selling, although additional support levels would need to be established.

Despite the prevailing bearish conditions, XRP could stage a temporary rebound if buyers capitalize on oversold momentum readings.

The first important resistance level stands at $1.160, which bulls must reclaim to establish an initial recovery.

A sustained move above this barrier could open the door for a broader advance toward $1.300, where stronger selling interest may emerge.

Beyond this level, XRP faces additional resistance from the 50-day EMA at $1.302 and the 100-day EMA at $1.307.

The 200-day EMA at $1.360 represents another major hurdle that buyers would need to overcome before the broader technical outlook begins to improve.

The post Is XRP heading towards $1 amid persistent ETF outflows? appeared first on CoinJournal.

Key takeaways

• Zcash (ZEC) trades around $1,300 on Friday, outperforming the broader cryptocurrency market.
• Grayscale’s ZEC-focused ETF (ZCSH) recorded $10.99 million in net outflows on Thursday, bringing weekly withdrawals to $14.77 million.
• ZEC faces immediate resistance at $1,340, with a confirmed breakout potentially opening the door toward $1,698, while $1,216 and $1,112 remain key support levels.

Zcash (ZEC) maintained its strength around $1,300 on Friday, outperforming major cryptocurrencies as the broader market struggled to recover from a selloff that triggered more than $1 billion in liquidations the previous day.

The privacy-focused cryptocurrency traded around $1,290, supported by anticipation surrounding its Network Upgrade 7 (NU7), scheduled for activation on Friday.

The upgrade introduces significant changes to Zcash’s blockchain, including faster block confirmations, the retirement of older shielded transaction pools, and a new mechanism intended to support the network’s long-term sustainability.

However, institutional investment flows present a contrasting picture. Grayscale’s ZEC-focused Exchange-Traded Fund (ETF) recorded nearly $11 million in net outflows on Thursday, while total weekly withdrawals reached $14.77 million.

Despite the ETF weakness, derivatives market participation has increased, with Zcash futures Open Interest rising to 2.15 million ZEC.

Technically, ZEC must overcome resistance at $1,340 to strengthen its bullish outlook and potentially extend its recovery toward $1,698.

Zcash defies crypto market selloff ahead of NU7 upgrade

Zcash has demonstrated relative strength despite a broad decline across cryptocurrency markets.

The wider selloff triggered more than $1 billion in derivatives liquidations on Thursday as investors reduced exposure to risk-sensitive assets.

Bitcoin, Ethereum, and several major altcoins recorded substantial losses, reflecting heightened market uncertainty.

However, ZEC continued trading around the psychological $1,300 level. The resilience coincides with growing attention surrounding the network’s NU7 upgrade.

Scheduled for activation at block height 3,543,405, the upgrade introduces several technical changes designed to improve network efficiency and sustainability.

The upcoming activation has provided a potential catalyst for traders seeking opportunities outside the broader market downturn.

Institutional demand for Zcash investment products has weakened despite the token’s relative price strength.

According to SoSoValue, Grayscale’s ZEC-focused ETF, trading under the ticker ZCSH, recorded $10.99 million in net outflows on Thursday.

The withdrawals pushed the fund’s cumulative weekly net outflows to $14.77 million. The latest figures suggest that investors using the ETF have been reducing their exposure to Zcash.

Zcash technical analysis: $1,340 resistance holds the key

Zcash’s daily chart shows the cryptocurrency consolidating beneath an important horizontal resistance level.

At approximately $1,290, ZEC remains below the $1,340 barrier established by the October 8 high. The level has emerged as a key obstacle for buyers attempting to extend the recent recovery.

A decisive daily close above $1,340 could signal a bullish breakout from the current consolidation range. Such a move may attract additional buying interest and shift attention toward the September 26 peak at $1,698.

However, the bullish scenario depends on a confirmed breakout and sustained buying momentum. Failure to overcome $1,340 could keep ZEC confined within its existing trading range.

The lower boundary of that range is positioned near $1,112, corresponding to the October 8 low.

Despite the resistance overhead, Zcash’s broader technical structure remains constructive.

The cryptocurrency trades above its 50-day Exponential Moving Average (EMA), currently positioned around $1,216.

The 50-day EMA also remains well above the 200-day EMA at approximately $856. This alignment suggests that the underlying trend continues to favor buyers, even as the token consolidates.

Momentum indicators provide additional support for the bullish outlook. The daily Relative Strength Index (RSI) stands near 53, above the neutral 50 threshold.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is positioned above its signal line, suggesting that bullish momentum remains intact.

Together, these indicators suggest that ZEC retains the potential for another upward move if buyers successfully overcome the $1,340 resistance level.

Zcash’s next significant price movement may depend on whether buyers can push the cryptocurrency above $1,340.

A sustained breakout could open the door toward $1,698, the previous peak recorded on September 26.

However, if ZEC fails to reclaim $1,340, traders may shift their attention toward nearby support levels. The first important downside level is the 50-day EMA around $1,216.

A sustained decline below $1,216 would weaken the near-term bullish outlook. The next major support would emerge at $1,112, the lower boundary of the current consolidation range.

A breakdown below that level could signal a more significant deterioration in market structure.

For now, ZEC remains in a relatively constructive position above its major moving averages, although resistance at $1,340 continues to limit upside momentum.

The post Zcash holds near $1,300 as NU7 upgrade fuels bullish momentum appeared first on CoinJournal.

Key takeaways

• Hyperliquid (HYPE) fell 4% to approximately $78 on Friday, extending its pullback.
• Hyperliquid Strategies (PURR) has applied for futures commission merchant (FCM) registration to support regulated perpetual futures trading for US customers.
• Four large whale wallets reportedly realized a combined $5 million in profits after closing their HYPE positions, according to Santiment.

Hyperliquid (HYPE) declined 4% on Friday, trading around $78 as profit-taking by large investors weighed on the token despite fresh developments surrounding the protocol’s potential expansion into the US derivatives market.

The decline follows a rally that briefly lifted HYPE toward $97 before selling pressure returned.

Blockchain analytics firm Santiment reported that four large wallets collectively realized approximately $5 million in profits after exiting their positions, adding to concerns about the sustainability of the recent price recovery.

Hyperliquid Strategies seeks CFTC approval for US perpetual futures

Hyperliquid Strategies announced its FCM application alongside its third-quarter financial results released Thursday.

The company intends to establish a regulated intermediary capable of carrying US customer accounts for permissioned derivatives markets deployed on Hyperliquid’s infrastructure.

The proposed arrangement would operate under the Commodity Futures Trading Commission’s regulatory framework, subject to the necessary approvals.

Under the planned structure, independent operators could launch and manage permissioned markets through Hyperliquid’s HIP-3 framework.

These operators would be responsible for meeting applicable regulatory requirements, while the underlying blockchain would continue functioning as a neutral infrastructure layer.

If approved, the FCM registration could allow Hyperliquid Strategies to participate in bringing perpetual futures products to US customers.

Despite the positive regulatory developments, Hyperliquid’s native token has struggled to sustain its recent gains.

Santiment reported Thursday that four large whale wallets had closed their HYPE long positions, collectively realizing approximately $5 million in profits.

The transactions followed a strong rally that briefly pushed HYPE toward $97. According to Santiment, citing Score Arena, one wallet had accumulated HYPE since late May before exiting its entire position of approximately 310,000 tokens.

The address reportedly sold roughly $225,000 worth of HYPE at five-minute intervals while the token traded between $94 and $95.

The strategy generated approximately $2.4 million in realized profits, according to the reported data.

Two other large wallets also exited positions following the rally. One reportedly earned around $987,000 from trading 98,000 HYPE, while another realized nearly $1 million from approximately 140,000 tokens.

Hyperliquid technical analysis: HYPE struggles below key moving averages

Hyperliquid’s daily chart reflects renewed bearish pressure following the rejection from its recent highs.

At approximately $77, HYPE trades below its short- and medium-term Exponential Moving Averages (EMAs), suggesting that sellers continue to dominate the near-term trend.

The cryptocurrency also failed to sustain a breakout above a descending resistance trendline, reinforcing concerns about the strength of the previous rally.

Momentum indicators support the bearish outlook. The daily Relative Strength Index (RSI) stands near 42, below the neutral 50 threshold.

Meanwhile, the Stochastic oscillator has declined toward 23, placing it close to the oversold territory.

Hyperliquid faces immediate support at $75.69, a horizontal level located just below Friday’s reported trading price.

A sustained decline below this area could increase selling pressure and expose the next support at $67.63. If bearish momentum intensifies, the token could extend its correction toward $61.16. 

On the upside, immediate resistance is positioned at the 100-day EMA around $78.10. Reclaiming this level could provide an early sign that selling pressure is easing.

However, buyers would then face a stronger resistance cluster formed by the 20-day and 50-day EMAs between $82.33 and $82.51.

A sustained recovery above these barriers could open the door to the next horizontal resistance at $85.04.

Beyond that level, the recent resistance near $97.84 would become a potential upside target if bullish momentum strengthens considerably.

The post Hyperliquid drops 4% as whales take $5 million profit appeared first on CoinJournal.

Key takeaways

• Bitcoin (BTC) climbed above $80,200 on Thursday, extending its recovery after reclaiming the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs).
• US spot Bitcoin ETFs recorded $74.57 million in net inflows on Wednesday, ending three consecutive days of withdrawals.
• BTC faces its next major resistance at $85,000, while the 50-day EMA near $80,172 provides immediate support.

Bitcoin (BTC) extended its recovery on Thursday, climbing above $80,200 as a wave of short liquidations and renewed inflows into US spot Bitcoin exchange-traded funds (ETFs) helped improve market sentiment.

The leading cryptocurrency traded around $80,200 after closing above its major exponential moving averages during the previous session.

The rebound followed heightened volatility across cryptocurrency derivatives markets, where approximately $694.40 million in leveraged positions were liquidated over 24 hours.

Short positions accounted for most of those liquidations, suggesting that traders betting on further declines were forced to unwind their positions as Bitcoin reclaimed the psychological $80,000 level.

Institutional demand also showed early signs of stabilization, with spot Bitcoin ETFs attracting $74.57 million in net inflows on Wednesday after three consecutive days of outflows.

Meanwhile, the outcome of the US midterm elections contributed to improving sentiment across risk-sensitive assets, supported by declining oil prices and easing bond yields.

Bitcoin rebounds as US Midterm election results lift risk appetite

Bitcoin’s recovery gathered momentum following the US midterm elections, which saw Democrats secure control of both the House of Representatives and the Senate.

The results introduced a divided-government environment, potentially limiting President Donald Trump’s ability to advance certain legislative and fiscal priorities without congressional support.

Investors also assessed the implications for US foreign policy, particularly the ongoing conflict with Iran.

Senate Democratic Leader Chuck Schumer said Wednesday that his party would seek to end the Iran war and could use its control over government funding to push for that outcome.

The political developments contributed to expectations that the risk of further military escalation could diminish.

However, the election results do not guarantee a change in military policy, and uncertainty surrounding the conflict remains.

Bitcoin’s move above $80,200 coincided with these developments, although the recovery was also supported by substantial derivatives market activity.

A sharp unwinding of leveraged positions contributed to Bitcoin’s latest price advance. According to CoinGlass, approximately $694.40 million in cryptocurrency derivatives positions were liquidated over the preceding 24 hours.

Short positions accounted for roughly 70% of the total, equivalent to approximately $556 million. The imbalance indicates that bearish traders suffered the largest losses as cryptocurrency prices recovered.

Bitcoin reclaims major moving averages

Bitcoin’s daily technical outlook has improved after the cryptocurrency moved above its 50-day, 100-day, and 200-day exponential moving averages.

BTC traded around $80,200 on Thursday, remaining above the 50-day EMA at $80,172. The 100-day EMA stands at $77,904, while the 200-day EMA is located near $76,547.

Exponential moving averages help traders assess market direction by placing greater emphasis on recent price movements.

Trading above these indicators suggests that Bitcoin has regained important technical support following the recent downturn.

However, Bitcoin’s immediate challenge is to maintain its position above the 50-day EMA. A sustained hold above $80,172 would strengthen the recovery outlook and suggest that buyers are defending the reclaimed technical level.

Failure to hold this area could trigger renewed selling pressure and increase the likelihood of a pullback toward lower support zones.

Momentum indicators on Bitcoin’s daily chart also point to improving market conditions. The Relative Strength Index (RSI) stands near 49, slightly below its neutral midpoint.

Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has turned positive. A move into positive territory indicates that momentum is shifting in favor of buyers.

Bitcoin’s immediate technical outlook remains constructive as long as the cryptocurrency maintains support above its major moving averages.

The next significant upside resistance is located at $85,000. This horizontal level could attract profit-taking if the recovery continues.

A sustained breakout above $85,000 would strengthen the bullish outlook, although the supplied technical data does not establish a confirmed higher resistance target.

On the downside, the first important support level stands at the 50-day EMA near $80,172.

This area is particularly significant because it sits close to the psychological $80,000 threshold.

A daily close below the 50-day EMA could weaken near-term momentum and expose the 100-day EMA at $77,904. If selling pressure intensifies, the next major support would be the 200-day EMA near $76,547.

A sustained break below the 200-day EMA would undermine the current bullish technical structure and raise the risk of a deeper correction.

For now, the combination of reclaimed moving averages and improving momentum indicators favors further recovery, provided buyers continue defending the support zone.

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