Kategorie: Altcoin News

• Magic Eden price soared more than 35% amid a breakout above the key resistance of $0.50.
• Trading volume jumped 1,280% to over $129 million to signal buying pressure.
• “A big week” ahead and other potential catalysts could boost ME bulls.

Magic Eden’s native token, ME, has experienced a significant price surge in the past 24 hours.

Prices rose to intraday highs above $0.60 for the first time since the October 11 crash, with bulls’ gains coming amid a retest of a key technical barrier.

As the altcoins rank among the top gainers in the 500 largest cryptocurrencies by market cap, buyers are likely to hold the crucial level and target a new leg up.

But what could help ME price in the short term?

Magic Eden among top gainers as price pumps 35%

Per CoinMarketCap data, Magic Eden’s ME token is one of the standout performers in the cryptocurrency arena today.

The token’s 35% uptick in the past 24 hours has come amid a robust trading volume of $129 million – the metric is up 1,280% in the past 24 hours.

This performance has not only outpaced the broader market but also dwarfed top performers such as Pi Network, Virtuals Protocol and Zcash.

ZEC hovered around $270 on October 24, but was near $350 at the time of writing.

On the technical front, ME broke above the critical hurdle at $0.50, reaching intraday highs of $0.60.

While the altcoin is well off its all-time peak above $13.24, bulls have bounced off the all-time low of $0.23.

ME could retest $0.55 or $0.50 before seizing on an uptick across the market to target the psychological $1 mark.

RSI at 60 suggests bulls have more room to aim for gains.

What could help Magic Eden price higher?

Several factors appear to have converged to ignite this pump.

Notably, the official Magic Eden X account issued a cryptic yet bullish proclamation early this morning: “Big week ahead.”

This post, which garnered over 300 likes and widespread speculation within the community, hinted at impending announcements or developments that could further bolster the platform’s growth.

Such communications from project leads often serve as potent catalysts, drawing in retail traders and amplifying social sentiment.

ME gains also follow the community cheering of the recent acquisition of Dynamic by Fireblocks, which the platforms announced on October 23.

As a key user of Dynamic’s developer platform, Magic Eden could benefit significantly from this integration.

Dynamic powers over 50 million on-chain accounts for industry leaders, including Kraken, Ondo Finance, Magic Eden and zerohash.

Magic Eden’s seamless user onboarding and embedded wallet functionalities for NFT trading across chains.

The deal merges Fireblocks’ institutional-grade custody with Dynamic’s agile tools, creating what executives describe as the “first complete custody-to-consumer stack” for on-chain finance.

Overlaying these platform-specific tailwinds is a broader crypto market rebound.

While gains in October 2025 remain muted as the macroeconomic environment hit risk-on sentiment, Bitcoin’s climb to $116,000 and Ethereum’s break to $4,200 has bulls excited.

The big week for crypto includes a potential rally ahead of a Federal Reserve rate cut, the impact of the US-China trade deal and SEC approval for exchange-traded funds.

The macroeconomic lift could spill over to altcoins like Magic Eden.

The post Magic Eden’s ME token soars 35%, reclaims $0.60 amid ‘big week ahead’ hype appeared first on CoinJournal.

• Avantis whale activity remains weak despite strong short-term price gains.
• Technical breakout hints at reversal, but confirmation needs $1.00 break.
• TVL surge and new listings boost adoption amid rising volatility.

After a steep correction that erased much of its September gains, the Avantis price has staged an impressive rebound, rising 73% over the past week and 31.9% in the last 24 hours.

The AVNT token is now trading around $0.86, still nearly 59% below its September peak of $2.66.

While the recovery has rekindled investor optimism, the question remains — can this rally hold, or is it merely a temporary reprieve in a larger downtrend?

Whales are still on the sidelines

Despite the sharp recovery, large investors appear hesitant to jump back in.

On the daily chart, the Chaikin Money Flow (CMF), a key indicator of whale participation, remains below zero, showing that major wallets are not yet accumulating AVNT.

Historically, the Avantis price has moved in tandem with whale inflows; its September surge to an all-time high coincided with CMF turning positive.

Since the indicator slipped below zero on September 26, the market has seen sustained selling pressure.

While CMF has slightly improved in recent sessions, the momentum is weak.

The lack of significant whale support casts doubt on the rally’s durability.

For a genuine reversal to take hold, CMF needs to cross decisively into positive territory, confirming renewed institutional confidence.

Technical patterns hint at a possible shift

From a technical standpoint, Avantis appears to be trying to flip its bearish script.

The token recently broke out of a falling wedge pattern on the 12-hour chart, a formation often associated with a trend reversal.

The Relative Strength Index (RSI) sits at 52.1, and the MACD histogram has turned slightly positive at +0.0088 — both signs of growing bullish momentum.

However, beneath these signals lies a warning.

Between October 10 and 21, the Avantis chart formed a hidden bearish divergence, where prices made lower highs while RSI posted higher highs.

This pattern can foreshadow weakening upside pressure.

A close above $1.00 would invalidate this bearish setup, confirming stronger buying interest.

Until then, traders remain cautious, especially with key support anchored around $0.57.

Rising TVL and platform growth fuel optimism

Fundamentally, Avantis’ ecosystem continues to show progress.

The project’s Total Value Locked (TVL) recently surpassed $111 million, up more than 430% in a month.

Much of this growth stems from its synthetic asset trading platform on Base Chain, which has attracted new liquidity and users.

The development of composable yield products is also boosting engagement, as AVNT’s staking and governance features tie directly to network revenue.

This rise in TVL not only reflects increasing adoption but also suggests stronger underlying demand for the AVNT token.

The platform’s expansion reinforces its long-term utility case, even as short-term market sentiment fluctuates.

Exchange listings have added liquidity — but also volatility

AVNT’s recent listings on Binance, Upbit, and Coinbase have dramatically increased liquidity, with daily trading volume now exceeding $307 million — roughly 2.4 times its market capitalisation.

Such high turnover indicates speculative enthusiasm, but it also underscores the market’s instability.

Following the listings in September, AVNT soared by nearly 400% before correcting by 60% in the weeks that followed.

The current rebound, though encouraging, remains fragile unless sustained by organic demand rather than short-term trading.

Avantis price outlook

In the short term, all eyes are on whether the Avantis price can maintain momentum above the $1.00 resistance.

Breaking this level would signal the start of a broader trend reversal and could open the path toward $1.32 and potentially $2.66 — the previous all-time high.

Failure to hold above $0.57, however, could invite renewed selling and a retest of lower levels near $0.46.

The post What next for Avantis price after the 73% recovery? appeared first on CoinJournal.

• The ASTER token is teetering near a critical support level of $1.03-$1.00.
• A potential drop below $1 risks triggering further declines to $0.90.
• The outlook is despite a buyback plan the Aster team announced on Friday.

Aster DEX, a decentralized exchange backed by YZi Labs and linked to Binance co-founder Changpeng Zhao, has unveiled a significant buyback initiative to bolster its native token, ASTER.

Announced earlier today, the plan proposes allocating 70-80% of Season 3 fees toward ASTER buybacks, contingent on market conditions.

However, despite this bold move, market data and technical outlook suggest that ASTER faces substantial risks of dipping below the critical $1 psychological support level.

Aster team plans major token buyback

The ASTER token is currently trading at $1.06, just in the red.

However, the DEX token faces notable selling pressure as has been seen in the past week and month.

On Friday, the cryptocurrency failed to climb despite earlier gains.

Intraday upticks saw the altcoin’s price reject in the $1.12 and $1.15 region, with gains and the subsequent selling pressure coming amid a major ASTER buyback announcement.

Buyback Announcement:

ASTER is currently targeting 70-80% of S3 fees for $ASTER buybacks, exact allocation will depend on market conditions and final results will be released following conclusion of S3.

As a growing project, and in these uncertain market conditions, it’s…

— Aster (@Aster_DEX) October 24, 2025

Why is ASTER price down today?

Aster fell amid negative news on Thursday. Today, the token’s price action reflects a fragile market, with technical indicators pointing to potential downside risks.

Notably, Aster has lost over 55% of its value since the peak of $2.42 reached in September.

The rally that saw the exchange platform challenge and even surpass Hyperliquid in volume has dissipated, and the altcoin’s 24-hour trading volume, while robust, has dropped below $800 million.

Market sentiment is further strained amid overall crypto action.

On Friday, following high anticipation, the Bureau of Labor Statistics released the Consumer Price Index inflation for September.

After an initial uptick alongside stocks, Bitcoin and Ethereum as well as most cryptocurrencies showed subdued action.

The US CPI report, which indicated cooling inflation, failed to inspire sustained bullish momentum across the crypto sector.

While the Dow Jones Industrial Average had spiked by over 530 points as of writing, Bitcoin failed to rally above $111,000, and ETH pared gains from near $4,000.

Aster price signalled a similar outlook despite the team’s buyback announcement.

Is ASTER set to dump below $1?

Technical indicators highlight that the current price is at a critical support zone.

A downturn below $1.03 means bears could strengthen in the $0.93-$0.97 region. ASTER could drop to lows of $0.90.

Meanwhile, robust resistance lies in the $1.12-$1.15 zone, with a break to above $1.24 potentially triggering an upward momentum toward $1.52 and then $1.60.

In any case, ASTER’s ability to hold above $1 is crucial for this bullish outlook.

The buyback plan’s execution and broader market stabilization will be key for buyers.

The token’s institutional backing and multi-chain architecture may also offer a foundation for recovery.

However, the overall crypto market outlook suggests uncertainty could deter short-term holders.

The post Aster price risks dip below $1 despite major buyback plan appeared first on CoinJournal.