Kategorie: Altcoin News

• Tornado Cash price retests supply wall at $12 with 6% spike in the last 24 hours.
• Overall bounce for top coins has seen TORN price rebound from lows of $11.50 to retest the key resistance area around $12.40.
• The technical picture is bullish with TORN looking to break above a key ascending triangle pattern on the daily chart.

Tornado Cash (TORN), the governance token for the Ethereum-based privacy protocol, recently in the headlines for a court verdict on one of its co-founders, is trading at a key level after bouncing off recent lows.

With the broader cryptocurrency market displaying resilience, and analysts forecasting a recovery in Q4, is TORN’s price action set for further gains?

Could bulls retest the $20 last seen in January 2025?

Tornado Cash price retests $12 hurdle

As cryptocurrencies struggled amid bearish pressure on Monday, Tornado Cash traded lower alongside other tokens.

However, with top coins recouping some gains, TORN rebounded from lows of $11.50 to climb to the key resistance area around $12.40.

Notably, this is a level that has previously provided a significant supply wall for TORN.

A retest of the area comes with price action that mirrors that of the broader market bounce as both Bitcoin (BTC) and Ethereum (ETH) bounce to key levels after experiencing dips on Monday.

BTC, which briefly fell below $108k, has regained ground to trade above $110k.

Meanwhile, ETH, down from its new all-time high above $5k, has stabilised above $4,400 as bulls keep bears off.

TORN’s upward move aligns with this renewed market optimism, as the token tests the $12.40 resistance zone.

As noted, this level has historically acted as a barrier, having thwarted bulls in December 2024 and January 2025.

In the past 24 hours, Tornado Cash crypto is up nearly 6%.

However, its 24-hour trading volume is a mere $84.9k, with this up 3% from the previous day to signal minimal market activity.

Tornado Cash price forecast: Is $20 next?

The technical outlook for TORN is increasingly bullish, with the token forming an ascending triangle pattern on the daily chart.

Analysts associate this pattern with potential breakouts, and the $12.40 resistance level is critical in this respect.

If there’s a decisive close above this point, momentum could propel TORN toward the next significant resistance at $20.

Looking at the chart, the Relative Strength Index (RSI) currently sits at 57.

Year-to-date highs of $27 and the November 2024 peak of $39 could be the next targets.

If TORN fails to decisively breach $12, it may retreat to the $10 support level. A robust buy zone is around $7.20.

The post Tornado Cash price forecast: TORN retests key level as bulls eye $20 appeared first on CoinJournal.

• Numeraire token NMR is down 25% as profit taking increases.
• The Numerai native token recently exploded amid a $500 million investment by JPMorgan.
• NMR price could drop to $15 and face resistance around $18.

As top coins struggle with sell-off pressure, the price of Numeraire (NMR) has pared recent gains as it dropped 25% in the past 24 hours.

Like the rest of the cryptocurrency market that has witnessed meteoric gains in the past few days, NMR has dumped as traders lock in gains.

Numeraire price hovered around $16.36 at the time of writing, down as Bitcoin struggled and Ethereum dipped under $4,400.

The release of PCE inflation data on Friday, which showed prices rose in July compared to June and at highs seen in early 2025, pushed stocks down. Cryptocurrencies were slipping amid this overall outlook.

Numeraire price falls 25% amid profit-taking

Numeraire, the ERC-20 token powering Numerai’s AI-driven hedge fund platform, recently shot to highs above $22.80.

The token’s meteoric rise, which included a 150% spike in a week, benefited largely from news of a $500 million investment from JPMorgan Asset Management.

The institutional backing doubled Numerai’s assets under management to nearly $1 billion, boosting NMR’s profile and drawing significant trader interest. NMR price pushed from lows of $8.11  to a multi-month high of $22.87 across major exchanges.

Daily trading volume also peaked as bullish sentiment dominated.

However, traders keen to lock in profits have contributed to a 25% price drop, with sellers eyeing more below the $16 level. Notably, the reversal has coincided with a 64% decline in trading volume, now at $340 million.

This is positive for the token as selling pressure isn’t elevated, but also signals reduced market participation from buy the dip players.

What’s next for Numeraire price?

With NMR now trading at $16.36, technical indicators suggest a bearish setup that could lead to further declines.

The token has broken below the $18.60 upper Bollinger Band, and the Relative Strength Index (RSI) below the neutral line indicates  weakening momentum.

On the daily chart, NMR faces immediate support at $15, a level where the recent breakout candle formed.

If this support fails, the next key level is $14.57, with a deeper drop potentially testing $10.50, as forecasted by some analysts for September 2025.

Resistance is now at $18, with a stronger barrier at $20, a psychological level that aligns with late 2024 highs.

A break above $18 could signal a reversal, but the current bearish trend, coupled with declining volume, suggests caution.

The broader market sentiment and Numerai’s ability to leverage JPMorgan’s investment for sustained growth will be critical.

The post Numeraire price drops 25% as traders take profits appeared first on CoinJournal.

• The coin has failed to break past $3.00 for two consecutive weeks.
• Capital outflows are outweighing inflows, weakening momentum.
• A drop to $2.74 is likely if selling continues.

XRP is struggling to break through the $3.00 mark, with repeated attempts over the past two weeks falling short. The altcoin has been unable to sustain momentum, weighed down by weak investor support and shrinking inflows.

At the time of writing, XRP trades at $2.87, remaining below the $2.95 resistance zone. Market data shows reduced activity from both new and existing participants, leaving the cryptocurrency in a consolidation phase.

With capital outflows overwhelming inflows, XRP’s price trend continues to depend heavily on investor sentiment and whether demand can rebound in the short term.

New addresses drop to two-month low

Network metrics highlight a key reason behind XRP’s stagnation. The number of new addresses created, tracked by first-time transactions, has dropped near a two-month low.

This decline indicates falling interest from fresh participants, limiting the inflow of new capital into the network.

Without new investors joining, XRP faces reduced demand pressure, making it harder to generate the buying volume needed for a sustained rally.

Existing holders have not provided enough momentum either, resulting in weaker overall support for the asset.

Capital outflows weigh on XRP

Broader capital trends underline the same weakness. The Chaikin Money Flow (CMF), which monitors inflows and outflows of capital, has fallen to a nine-month low.

This signals that selling activity is exceeding buying interest, a bearish indication for XRP’s short-term performance.

The shrinking capital pool highlights how outflows are amplifying the recent downtrend.

With reduced liquidity entering the market, XRP has struggled to establish firm support levels, leaving it vulnerable to further price drops.

Over the past fortnight, the coin has failed to hold gains above $2.95, signalling that sellers remain dominant. The weakness in volume reflects the lack of confidence that has plagued XRP’s attempts to stage a breakout since mid-August.

Trading patterns show limited upside moves being sold off quickly, reinforcing the difficulty of sustaining momentum and deepening investor caution.

Market watchers note that persistent selling pressure could delay any meaningful recovery attempts for weeks.

XRP price trend remains under pressure

Currently, XRP remains capped below the $2.95 resistance level. A continued lack of buying activity could push the price down toward $2.74, where consolidation is more likely.

On the other hand, if sentiment shifts and XRP reclaims $2.95 as support, it could attempt to retest higher thresholds.

Breaking past $3.07 and later $3.12 would provide confirmation of renewed bullish momentum, invalidating the present bearish thesis.

The coming sessions will be critical in determining whether investor confidence returns to provide the inflows needed for XRP to move past $3.00, or if the coin continues to trade under pressure from weak demand.

The data on addresses and capital flows suggests that until stronger participation emerges, XRP’s price will remain constrained within its current range.

The post XRP price stalls under $3.00 as investor activity slows appeared first on CoinJournal.

• The company has acquired 407,247 SOL tokens in its latest purchase.
• DeFi Dev Corp. now holds Solana worth around $371M, 1.83 million coins.
• On-chain indicators support SOL’s upside trajectory.

The first Nasdaq-listed firm with a Solana-centric treasury strategy is once again in the spotlight.

According to the latest press release, DeFi Development Corp. disclosed the purchase of 407,247 SOL assets valued at approximately $77 million.

The recent accumulation increased the company’s total SOL holdings to 1,831,011 tokens, worth around $371 million.

1/ Another major step forward: we’ve grown our treasury by 407,247 $SOL, bringing total holdings to 1,831,011 SOL (~$371M).

At an average purchase price of $188.98, our SOL holdings have increased by +29% since our last purchase announced on August 15, 2025.

🧵 pic.twitter.com/zsbVNdGvwa

— DeFi Dev Corp. (DFDV) (@defidevcorp) August 28, 2025

Notably, DeFi Dev Corp. utilized the latest fundraising to fund the purchase, and still holds more than $40 million for more Solana buys and supporting treasury operations.

The bold bet signals the firm’s conviction in Solana’s growth trajectory.

Solana price displays optimistic performance amid these developments, with on-chain metrics supporting DeFi Dec Corp’s accumulation strategy.

Long-term holding and staking plans

DeFi Development Corp. made it clear that it is not after short-term gains.

The firm confirmed that it will hold the newly purchased Solana long-term and stake the assets across different validators.

The announcement stated:

The newly acquired SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp’s own Solana validators to generate native yield.

The staking strategy enables the firm to generate native yield while ensuring the security and health of Solana’s blockchain.

Further, the approach means additional earning opportunities for shareholders as it combines staking incentives and SOL price growth.

What does it mean for Solana?

Solana has dominated crypto trends over the past months, with increased adoption in payments, meme coins, DeFi, and NFTs.

Its scalability and speed have made it a perfect alternative for institutions and developers.

DeFi Dev Corp’s Solana holdings reflect how markets are increasingly viewing Solana as an asset with potential beyond speculation.

Furthermore, endorsement by a Nasdaq-listed company legitimizes the altcoin, making it attractive for institutions seeking crypto exposure.

Solana bullish outlook

These developments come as the native token traded in the green region.

SOL gained more than 15% the previous week to $211.

Bullish sentiments fuel the chain, especially as the community votes for the Alpenglow proposal.

The proposal seeks to reduce block finality to 150 milliseconds from 12.8 seconds.

That will turbocharge the blockchain by supporting thousands of transactions per second while ensuring near-zero transaction charges.

That makes the Ethereum twelve-minute finality glacial.

Simply, the second-largest blockchain takes minutes to finalize transactions. In Solana, it is instant.

These narratives echo analysts, who are predicting massive gains for SOL.

For example, Ali Martinez mapped Solana’s path to $300 in the near-term.

Solana $SOL breaks out of a triangle, targeting $300! pic.twitter.com/B8oJTPKdNm

— Ali (@ali_charts) August 28, 2025

That would mean a rally of over 40% from the current market price.

Moreover, prevailing institutional interest sets the stage for significant long-term rallies.

Proponents believe Solana has what it takes to skyrocket to $1,000 in a full-blown bull market.

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