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Avalanche retests resistance: can AVAX rally to $40?

  • Avalanche (AVAX) recently shattered a significant resistance level, rising to highs of $23.
  • The retreat from the barrier that had previously capped its upward momentum might offer bears some hope.
  • But could bulls maintain the pressure and target the key hurdle of $40 next?

Avalanche’s recent price action follows a period of consolidation. While optimism remains, the AVAX token has dipped to near support with price around $21.

Notably, AVAX traded in a tight range between $18 and $20.50 after bouncing off lows of $14.5 seen earlier in the month.

The breakout to above $23 came amid Bitcoin’s spike to $94k, aligning with broader market performance. Upside momentum completed a significant recovery and formation of a potential cup and handle pattern.

Buyer action has been accompanied by a surge in trading volume, signaling strong upward interest.

Potential upside drivers of Avalanche price

Market sentiment is buoyed by Avalanche’s robust fundamentals and a return to the spotlight for decentralized finance (DeFi) and gaming tokens. The Avalanche ecosystem has benefitted from this, including recent partnerships.

Spot crypto exchange-traded fund applications and offering of other institution-focused AVAX products has bolstered the native Avalanche token. The US Securities and Exchange Commission has added to the excitement by acknowledging VanEck’s filing for a spot AVAX ETF.

These developments provide a strong backdrop for AVAX’s price gains, as the network’s utility and scalability remain competitive in the layer-1 blockchain space.

On-chain data provides further insight. Whale activity has increased, with large transactions spiking over the past week, suggesting accumulation by major holders. Meanwhile, the number of active addresses on the Avalanche network has risen by 15% in the last month.

A surge above $20 could see AVAX return to above $28 and target a nearly 100% spike to above $40.

Technical picture for AVAX price

Bulls have to offer sustained buying pressure to break past key levels.

Technical indicators are however bullish. The Relative Strength Index (RSI) is approaching 60, indicating growing momentum without entering overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, further supporting the case for continued upward movement.

AVAX chart by TradingView

However, challenges remain. The $23 and $28 levels, the latter coinciding with the 200-day moving average, could be a formidable resistance area.

Avalanche’s breakout above $23 marks a pivotal moment, with technicals and fundamentals aligning for a potential rally to $40.

While risks persist, the combination of strong network growth, bullish indicators, and increased on-chain activity positions AVAX for further gains, provided it can overcome the next resistance hurdle.

Weakness to $20 could see AVAX price revisit the recent lows of $14.

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Bitcoin nears $94K, eyes breakout as gold stalls; ETF flows surge

  • Bitcoin rallied to $93,600 (+12.2% weekly) despite mixed US-China trade signals.
  • US Spot Bitcoin ETFs saw nearly $1.3 billion net inflows this week, signaling strong institutional demand.
  • Analysts suggest Bitcoin is decoupling from risk assets, acting more like “digital gold.”

The cryptocurrency market showed renewed vigor recently, with Bitcoin pushing towards $94,000, although the rally encountered some friction Wednesday following cautious remarks from US Treasury Secretary Scott Bessent regarding the timeline for a comprehensive US-China trade deal.

Despite this, strong institutional inflows and a potential divergence from traditional risk assets are fueling speculation about Bitcoin’s next major move.

Bitcoin (BTC) climbed 2.6% over the preceding 24 hours and logged a 12.2% gain over the past seven days, reaching levels near $93,600 – territory not seen since early March.

While Bitcoin led the charge, broader crypto market strength was evident.

The CoinDesk 20 index, tracking top digital assets (excluding stablecoins, memecoins, and exchange tokens), rose 4.2% over 24 hours.

Altcoins like Sui (SUI) posted impressive 24% gains, with Cardano (ADA) and Chainlink (LINK) also advancing around 7%.

Crypto-related equities, after a strong start, saw gains moderate throughout the day.

Mining firms Bitdeer (BTDR) and Core Scientific (CORZ) pared back double-digit advances to close up roughly 4%, while Coinbase (COIN) and MicroStrategy (MSTR) finished with gains of 2.1% and 1.4%, respectively.

The backdrop for this rally included seemingly conflicting signals on the trade front. Earlier in the week, President Donald Trump suggested tariffs on China would “come down substantially” post-deal.

However, Secretary Bessent tempered expectations on Wednesday, stating no unilateral offer to cut tariffs had been made and predicting a full resolution would likely take “two to three years to achieve.”

Decoupling debate: Bitcoin mirrors gold amid uncertainty?

This persistent trade uncertainty, paradoxically, might be contributing to Bitcoin’s strength relative to traditional markets. Some analysts believe the market may be moving past the initial shock of tariff threats.

“Markets priced in the initial tough stances and tariff threats, which kept a lid on risk appetite over the past two months,” Paul Howard, director at crypto trading firm Wincent, told CoinDesk.

“History suggests that once the opening volleys pass, more constructive developments and easing volatility typically follow,” he added, suggesting this environment could ultimately support risk assets like crypto.

The narrative of Bitcoin acting as “digital gold” – a hedge against macroeconomic uncertainty and potential currency debasement – appears to be gaining traction.

Institutional conviction: ETF flows surge past $1 billion this week

Underscoring the renewed interest, particularly from larger players, has been the significant turnaround in flows for US-listed spot Bitcoin ETFs.

According to SoSoValue data, these funds have attracted nearly $1.3 billion in net inflows so far this week alone, marking their strongest daily inflow on Tuesday since mid-January.

“This [crypto] rally isn’t retail-driven hype—it’s institutional capital positioning ahead of what many see as a new monetary and political regime,” asserted Matt Mena, crypto research strategist at digital asset manager 21Shares.

“More investors are turning to it not just as a speculative asset, but as a flight to safety amid rising uncertainty across traditional markets.”

Gold pauses, bitcoin poised? Historical patterns eyed

Adding another layer to the bullish case is the recent performance of traditional gold.

After a remarkable run that saw it surge 35% over four months to breach $3,500 per ounce, gold prices pulled back Wednesday, down roughly 2.5% to around $3,290.

Some analysts interpret this stalling action in gold, following its massive rally, as potentially bullish for Bitcoin.

Charles Edwards, founder of Capriole Investments, highlighted this dynamic.

Posting a chart on X (formerly Twitter), he noted that historically, Bitcoin’s major upward moves have often followed significant gold rallies, albeit with a lag of a few months.

“Bitcoin is showing significant strength,” Edwards stated.

“We have decoupled from risk assets and the market is now starting to front-run the fact that bitcoin is digital gold. If risk assets were to decay further from here, BTC is the ultimate QE [quantitative easing] hedge.”

Eyes on $95K: resistance looms despite bullish momentum

Despite the strong price action and positive indicators, technical hurdles remain.

Matt Mena from 21Shares cautioned that Bitcoin faces near-term resistance around the critical $95,000 level.

He suggested a potential pullback could occur before a decisive breakout above this zone. Successfully clearing $95,000 is seen by many traders as key to unlocking further significant upside potential.

The combination of renewed institutional demand, the compelling “digital gold” narrative gaining traction as traditional gold pauses, and supportive historical patterns suggests Bitcoin may be gearing up for its next major leg higher, with the $95,000 level serving as the immediate gateway.

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Here’s why Trump meme coin exploded 70% today

  • The Official Trump (TRUMP) meme token has skyrocketed after a major announcement.
  • With volume spiking over 420%, TRUMP  is the top-gaining token among the 100 top coins.
  • The TRUMP meme token jumped from $9.30 to highs of $15.47.

The Official Trump (TRUMP) meme coin has surged to the top of the leaderboard of biggest gainers among the largest coins by market cap.

Gains happened as the Bitcoin price spiked to $94k.

According to data from CoinMarketCap, the TRUMP meme token shot up from $9.30 to highs of $15.47.

The more than 70% spike in the meme coin’s value came amid a broader market bullish flip.

However, the vertical flip for Official Trump followed President Donald Trump’s offer of an exclusive dinner for top holders of the meme coin.

This news, coupled with strategic changes to the token’s unlock schedule, is fueling upside pressure for TRUMP.

Investors and supporters are likely flocking to the token as they try to land a spot at dinner with the US president.

TRUMP price chart by CoinMarketCap

Notably, the daily trading volume of TRUMP has jumped more than 420% to over $3.2 billion.

Dinner with Trump

The announcement of an exclusive dinner with Donald Trump, set for May 22, 2025, at the Trump National Golf Club in Washington, D.C., sent the crypto meme coin community into a frenzy.

According to details, the event will be open only to the top 220 $TRUMP token holders.

The invitation has intensified the buying pressure as investors scramble to rank higher.

Why else is the TRUMP price surging?

Adding fuel to the rally, the $TRUMP project announced a 90-day delay for its initial token unlock and the subsequent three months of daily unlocks.

This move, designed to curb short-term selling pressure, signals a commitment to long-term value stability.

By postponing the release of new tokens, the project reduces the risk of oversupply, which could have dampened the price surge.

Investors appear to view this as a bullish signal, with the delayed unlocks aligning neatly with the anticipation building toward the May dinner.

The combination of scarcity-driven tokenomics and the allure of dining with Trump has created a perfect storm for $TRUMP’s explosive performance.

Official Trump skyrocketed to $75.35 in January 2025 when Trump took over the US presidency for a second term.

However, amid the broader market downturn, the meme coin price fell to lows of $7.2.

The latest bounce only sees the TRUMP price recover a fraction of its dip year-to-date, with the price down 83% since its all-time high.

Trump’s growing embrace of cryptocurrency, regulatory shifts, and the dinner invite could spark a fresh surge.

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Why is Zerebro cryptocurrency price rising?

  • ZEREBRO coin has soared 178% over the past few hours.
  • ZEREBRO coin operates on an autonomous AI system that crafts and shares content across platforms without human intervention.
  • Bulls are eyeing a potential surge to $0.1 if the $0.085 resistance is breached.

In a market where volatility reigns, Zerebro (ZEREBRO) has emerged as a standout, with its price soaring over 178% in a single day, jumping from below $0.03 to $0.08031.

Why is Zerebro cryptocurrency price rising?

This dramatic surge has sparked curiosity across the crypto community, with many asking what Zerebro is and what is fueling its price hike.

What is Zerebro cryptocurrency?

Zerebro is a cryptocurrency that transcends conventional boundaries by integrating artificial intelligence (AI) with blockchain technology.

It operates as an autonomous AI system, crafting and sharing content across decentralised and social platforms without human intervention.

Its approach hinges on a technique called “freebasing AI,” where it refines large language models using eclectic, high-entropy data from sources like Reddit and 4chan.

This produces dynamic, creative outputs that stand out in a sea of predictable AI-generated material.

The project’s essence lies in “hyperstition”—a fusion of fiction and reality that influences cultural and financial narratives.

Zerebro’s AI agents engage communities on platforms such as X, Instagram, and Telegram, embedding itself in crypto subcultures with content that feels authentic and compelling.

Its multi-chain framework enhances its reach: the native token thrives on Solana, digital artwork is minted on Polygon, and inscriptions mark its presence on Bitcoin.

Beyond content, Zerebro ventures into real-world applications, autonomously launching tokens, producing music, and integrating with decentralised finance, all while aiming to push the boundaries of Artificial General Intelligence.

Why is the Zerebro price rising?

Zerebro’s price explosion stems from a convergence of technical breakthroughs, market enthusiasm, and narrative power.

A key driver is its integration with Zentients, a platform where AI agents powered by ZEREBRO tokens are created and deployed.

These agents operate on a bonding curve, triggering liquidity shifts to decentralised exchanges as valuations rise, igniting speculative trading.

This has fueled a buying spree, amplifying the token’s upward trajectory.

Technically, the token’s chart tells a story of momentum.

After a quiet accumulation phase, a massive volume spike shattered key resistance levels, pushing the price past all major moving averages.

The Relative Strength Index (RSI) soared above 85, reflecting overheated but undeniable demand.

Market factors bolster this surge: whale buying, a supply burn, and a contract holding significant reserves hint at a possible short squeeze, while the near-identical circulating and total supply reassures investors about stability.

Culturally, Zerebro’s hyperstitious content resonates with the meme-driven crypto crowd, weaving narratives that align with the ethos of decentralization.

Its multi-chain versatility and ambitious roadmap—spanning DeFi, NFTs, and creative projects—ride the wave of AI-crypto hype, drawing retail and institutional interest alike.

This blend of innovation and cultural fit has turned Zerebro into a lightning rod for speculation.

How high can the price of Zerebro rise?

Zerebro’s future price hinges on both immediate dynamics and long-term execution.

Short-term, the overbought RSI suggests a likely cooldown, with support forming between $0.065 and $0.060.

Holding this range could pave the way for a renewed push, potentially breaching $0.085–$0.090 and eyeing $0.10.

Such a move would demand catalysts like expanded Zentients.xyz adoption or new AI-driven initiatives, alongside clarity on the dev wallet, which has stirred some unease.

Looking further ahead, Zerebro’s modest $80.3 million market cap offers growth potential if it delivers on its vision.

Scaling its AI ecosystem, producing impactful cultural content, and deepening blockchain integrations could propel it higher.

However, its past—down 89.9% from a peak of $0.7841—warns of volatility, and its success depends on sustaining momentum, building trust, and navigating market sentiment.

For now, the $0.065 support zone is a critical test, while its broader journey could redefine AI’s role in crypto.

The post Why is Zerebro cryptocurrency price rising? appeared first on CoinJournal.

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AERGO price falls 12%, defies broader crypto surge

  • Aergo price has dived 12% as Bitcoin and top altcoins rally.
  • The AERGO token falls amid profit-taking after a staggering 300% surge.
  • Bears could eye levels below $0.20.

Aergo price has dipped further as profit-taking holds, with the altcoin declining even as most altcoins rose in the past 24 hours.

These losses come after a staggering 300% surge for AERGO seen earlier this month. The token has nosedived despite a major network update.

“With AERGO 2.7.0, smart contract verification enters a new era. By embedding AI-powered auditing directly into the platform, AERGO ensures contracts are not only deployed faster but with greater confidence in their security and integrity,” the Aergo team wrote.

The AERGO price action today

As of April 23, 2025, the price of AERGO hovered near $0.21, down 12% per data from CoinMarketCap.

The decline comes amid heightened volatility, with the token’s meteoric rise having given way to massive selling pressure.

Notably, like other recent explosive tokens such as VOXEL, Aergo has seen a significant spike in concerns over potential market manipulation.

Analysts have also pointed to potential insider selling, a 44% drop in a single day recently exacerbating the concerns.

Market analyst Ash Crypto shared in a post on X:

As AERGO price falls, altcoins such as Deepbook, Zerebro, and Sui have surged in the past 24 hours.

ETH, XRP, and SOL have led the mega cap alts higher also.

The upside follows Bitcoin (BTC) edging past key resistance levels to regain $94k.

BTC’s surge comes amid a weaker US dollar and strong institutional buying, with news on tariffs and other factors catalysing gains.

Spot Bitcoin exchange-traded funds have also shown strong institutional demand, aligning inflows with Bitcoin’s resilience.

This means AERGO’s pullback stands out, including the 10% decrease in daily volume.

AERGO price analysis

Despite today’s dip, AERGO remained up 222% in the past month, reflecting the recent strength of the altcoin’s surge.

However, AERGO’s price action reflects a classic post-pump correction.

After surging to an all-time high near $0.70 on April 16, driven by Binance’s perpetual contracts and DigiFinex’s USDT trading pair listing, the token faced intense selling pressure.

It means bulls have a lot to do to reclaim recent peaks.

On the upside, AERGO faces resistance at $0.23 and $0.28, with a break above potentially targeting $0.42.

The flipside has a dip below $0.20 and a retest of $0.16 and $0.12.

If Bitcoin sustains its rally and altcoin sentiment continues to be positive, it will be interesting to watch what AERGO does. Will bulls rebound, or are concerns set to push prices lower?

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