Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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SUI price outlook: bulls on edge as $173M token unlock looms

  • Sui gained 7% in the past day to $3.94 intraday high.
  • A massive unlock on August 1 sparks fears of potential bearish pressure.
  • Holdings above $0.275 could support imminent breakouts.

Digital currencies saw mild gains on Friday as the global crypto market cap increased by 0.55% the previous 24 hours to $3.9 trillion.

While most alts signal recoveries, SUI led today’s gainers with an over 7% surge to $3.94.

The uptrend has excited enthusiasts who are watching for new breakouts.

Nevertheless, the upcoming $173 million SUI unlock on August 1 has dented investor confidence due to potential selling pressure after the massive token release.

Can the altcoin withstand the bearish storm?

SUI’s August 1 unlock

Token unlocks are usual in the cryptocurrency market, but they often trigger anxiety as they can influence short-term price actions.

Sui’s upcoming unlock isn’t an exception.

According to Tokenomist, Sui will release 44 million tokens, worth around $173 million at current prices, on August 1.

That’s a massive figure, especially considering the prevailing broad market uncertainty and SUI’s market dynamics.

Significant token unlocks flood the markets, possibly introducing substantial selling pressure when recipients offload part of their balances.

In Sui’s case, the $173 million unlock could test its current momentum.

The altcoin trades at $3.95, and participants would now closely watch the ‘reliable’ support barrier at $3.75.

The foothold has previously held strong amid pullbacks.

If SUI holds $3.75 throughout unlock-driven volatility, it would be an optimistic signal.

Healthy performance after token release will indicate impressive demand despite the surge in supply.

Such an outlook would position Sui as a maturing blockchain unbothered by short-term events.

Bulls could hold the line after July’s robust performance

The primary question remains whether buyers can maintain control amidst the supply shock.

The latest uptick to $3.94 has renewed optimism about another breakout.

However, SUI should hold above the support at $3.75 to absorb the upcoming token supply without panic selling.

Meanwhile, SUI heads into August after an impressive monthly performance, which will likely add upside steam.

Sui’s total value locked closed July with a fresh all-time high above $2 billion after stable uptrends since late June.

A surging TVL is crucial since it confirms the chain’s overall financial health, highlighting increased adoption and growth.

It is a key liquidity indicator.

More total value locked makes it easier for individuals to execute trades without substantial price slippages.

Also, SUI’s decentralised exchange (DEX) volume hit record highs of $14.3 billion in July.

SUI’s current price outlook

The altcoin displayed impressive recoveries after hitting a low of $3.69 yesterday.

SUI trades at $3.94 with a 15% uptick in trading volume, demonstrating a possible momentum shift to the upside.

Short-term technical indicators suggest a buyer comeback.

The MACD has just made a bullish crossover with the signal line on the 3H timeframe.

Moreover, the RSI at 52 suggests neutral sentiments as bulls look to flip the script.

Holding $3.75 amid the looming unlock might support uptrends to the Monday high near $4.35, opening the path to $5.

The post SUI price outlook: bulls on edge as $173M token unlock looms appeared first on CoinJournal.

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PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility

  • The coin has expanded its presence beyond Ethereum.
  • Users can now enjoy streamlined cross-chain swaps through Stargate Finance.
  • Pendle boasts the highest positive sentiment in all DeFi coins in the past seven days.

Digital tokens painted price charts red on Wednesday as markets brace for the Fed’s rate policy.

Pendle extended its weekly losses to over 6% after losing 2% in the past 24 hours.

Intensified profit-booking after the recent growth contributes to PENDLE’s weakness.

However, the altcoin appears poised for a significant rebound as bullish catalysts emerge.

The team has confirmed that PENDLE is officially live on HyperEVM and BeraChain.

It represents a key step in Pendle’s multi-chain ambitions as it aims to push boundaries in decentralized finance (DeFi) yield trading.

Meanwhile, the expansion comes as the altcoin experiences bullish sentiments.

Data show PENDLE had the highest positive sentiments across all DeFi currencies over the past week.

With more individuals exploring Pendle, is a significant breakout on the horizon?

Pendle smoothens cross-chain access

The best thing about this development is the Stargate Finance integration.

It allows users to bridge between Ethereum, HyperEVM, and BeraChain smoothly.

That means users can access Pendle’s flourishing ecosystem regardless of their chain.

Moreover, the integration promises less friction, faster access, and fewer fees.

This is a game-changer for investors and DeFi enthusiasts.

Stargate’s bridge promises smoother capital flow across chains to solve one of the primary bottlenecks in DeFi – interoperability.

Furthermore, the move unlocks more utility for the PENDLE token in new liquidity hubs as HyperEVM and BeraChain protocols navigate Pendle’s yield markets.

Positive sentiments dominate the Pendle ecosystem

Multiple tracking platforms show PENDLE was the most positively discussed DeFi project over the past week.

It is beyond price actions.

The trend reflects the depth and tone of conversations about Pendle on crypto forums and social platforms like X and Telegram groups.

Such sentiments often indicate market direction.

It shows smart money watching the assets and possibly repositioning before bullish catalysts surface.

Rising bullish chatter and listing on new platforms shows Pendle is attracting attention and confidence as it solidifies its presence in the DeFi industry.

PENDLE price outlook

The altcoin traded in red, losing over 2% in the past 24 hours.

PENDLE hovers at $4.37, with a weakening trading volume reflecting dominant bearish tendencies in the broad market.

Also, it experienced considerable profit-taking after the latest rally from $3.2633 on 4 June to last week’s $4.8747.

Nonetheless, PENDLE hasn’t ruined its bullish structure. It trades well above the key support barriers of $3.60 and $2.80.

Continued declines to these levels could catalyze massive buying interest, if history repeats itself.

Bullish bounce-backs may clear the path for stable rallies toward $5.20 before extending to the psychological barrier at $7.

That would be an approximately 60% increase from PENDLE’s market price.

However, the $6.0 – $6.5 region will be a vital breakout area.

A decisive weekly closing above this zone could trigger intensified buying and propel PENDLE to the target at $12.0 – $14.

The post PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility appeared first on CoinJournal.

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XDC Network price forecast amid Binance US listing news

  • XDC Network token price surged above $0.10 after the Binance.US listing news.
  • The token’s price has since dipped, but it still holds strong above key support at $0.085.
  • Fundamentals like LayerZero and ETP launch fuel the uptrend.

The XDC Network has been gaining traction in recent weeks, and its latest listing on Binance.US has only amplified the growing market interest.

After months of steady progress, the blockchain project is now in the spotlight following a sharp price movement and renewed investor confidence.

Binance US listing sends XDC price soaring

On July 30, Binance.US officially opened trading for the XDC/USDT pair, following a brief deposit window that allowed users to prepare their accounts in advance.

The announcement, which was made on July 29, pushed XDC prices sharply higher, with the token rallying more than 11% within 24 hours. It climbed from around $0.08985 to briefly break above the key $0.10 resistance, peaking near $0.10167.

This move was not just about speculative hype. The breakout was supported by consistent trading volume and a steady formation of higher lows, indicating that buyers were stepping in rather than exiting the market.

The surge through the psychological $0.10 level signalled a return of bullish sentiment, which could set the stage for further gains if momentum continues to build.

Healthy pullback hints at a strategic entry

Despite the initial rally, XDC experienced a modest retracement after touching the $0.10 mark.

However, the dip has been largely viewed as a healthy correction within a broader uptrend.

Importantly, the token remains well above its 20-day exponential moving average, which has consistently acted as dynamic support during the recent rally.

XDC Network token price chart

The price is now hovering around the $0.098 mark, with the $0.085–$0.088 region emerging as a critical support zone. This area coincides with former resistance and trendline support, making it a strong demand level.

Should buyers defend this zone, the token could make another attempt at breaking above its recent high, potentially targeting $0.105 or even $0.115 in the near term.

Strong fundamentals are driving the uptrend

The recent price movements are not happening in isolation.

Several strong fundamental factors have been reinforcing XDC’s upward momentum. Chief among them is its successful integration with LayerZero, which went live on July 9.

This cross-chain upgrade has enabled seamless and zero-slippage transfers between XDC and major networks like Ethereum and Solana. This has significantly boosted XDC’s utility and interoperability, making it more attractive to both developers and long-term investors.

Additionally, institutional interest in XDC is growing. The launch of the 21Shares XDC ETP on Euronext Amsterdam and Paris earlier this month marked a major milestone in XDC’s journey toward mainstream adoption.

On top of that, its partnership with Archax — a regulated digital securities exchange — has positioned XDC well for compliance under the EU’s Markets in Crypto-Assets (MiCA) framework, signalling an alignment with regulatory expectations.

What traders should watch for next

With the Binance.US listing now live, traders are closely watching how the market reacts in the days following the event.

While early price spikes are common during major listings, sustained growth depends on volume retention and broader market sentiment.

XDC’s ability to maintain support above the $0.085 zone could be crucial in determining its short-term direction.

If buyers continue to defend this level, and if broader crypto markets remain stable, XDC could soon challenge its next resistance levels at $0.11 and $0.12.

However, a failure to hold key support could open the door for a retest of the $0.080 area, which may unsettle short-term bulls.

For now, the current dip could be a potential buy-the-dip opportunity within a strong uptrend.

The post XDC Network price forecast amid Binance US listing news appeared first on CoinJournal.

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Altcoins update: Dogecoin and Injective signal recoveries as Ethereum eyes $4,000

  • DOGE tests key support as technical setups suggest imminent breakouts.
  • A closing above $15 might propel INJ prices to $30.
  • ETH targets $4,000 psychological mark amid increasing institutional interest.

Cryptocurrencies flashed bearish tendencies in the past 24 hours.

With most tokens approaching critical price levels, analysts have shifted attention to digital assets ready for significant rallies amid reversals.

This article checks how Ethereum is setting the tone for an altcoin season as Dogecoin and Injective display key short-term price actions.

Dogecoin resilience after double-bottom breakout

The original meme token remained on investor radar after landing key utility on Gemini’s derivatives market.

The bullish news emerges as DOGE tested the vital resistance around $0.2300 after plunging from last week’s high of $0.27.

While losing this foothold could mean massive declines for the token, analyst Jireon observed an optimistic development on the price charts.

The highlighted chart shows Dogecoin had breached a long-standing trendline that limited its upside action.

A double test of the foothold before a significant bounce validated the double-bottom formation, which often precedes bullish reversals.

Notably, the pattern’s neckline at $0.231 had restricted DOGE’s movements during the consolidation period.

Nevertheless, the coin successfully broke above $0.231 on 25 July, with a massive trading volume of over $4 billion confirming the breakout.

Now, Dogecoin retests the support barrier after the latest pullback.

A rebound from this foothold could trigger considerable rallies towards the obstacle at $0.310.

That would mean a 35% increase from DOGE’s current price.

It might extend past $0.33 towards mid-January highs of $0.41.

However, a closing below $0.2300 will invalidate the optimistic outlook and catalyze notable dips.

Injective at a key juncture

INJ breached the resistance at $15 yesterday amid reinvigorated optimism, fueled by ETF filings, tokenization, and EVM integration.

Cboe has filed for the first-ever Injective staking ETF in the United States, indicating renewed institutional appetite.

While it retraced to trade at $14.87, analyst Ali Martinez highlighted $15 as a crucial breakout point.

The price chart shows INJ breaching a climbing triangle from $15.

The next crucial price levels are $18.95, $21.25, and $25, according to FIB extension levels.

Meanwhile, the altcoin requires significant trading volumes to confirm the breakout and push higher.

Failure to hold $15 would delay the projected reversal and lead to consolidations or price dips.

Ethereum sets sights on $4K after latest rebound

ETH has been the hottest digital token in the past few sessions as trends signal a materializing altcoin season.

Institutions are now dumping Bitcoin for ETH as demand for Ether-based exchange-traded funds soars.

The second-largest crypto hovers at $3,810 after touching YTD peaks above $3,940 on Monday.

Meanwhile, Ethereum retested and secured support at $3,500 last week on Thursday before closing above $3,730 on July 27 and extending to yesterday’s yearly high.

Further push would see Ethereum extend toward the $4,000 psychological zone.

Analysts trust that a candlestick closing beyond this resistance could welcome a full-blown altseason.

@ColinTCrypto expects Ethereum to explore $15,000 – $20,000 this bull cycle.

However, enthusiasts should beware of imminent volatility as the markets anticipate multiple announcements.

Tuesday’s US employment statistics, Fed rate decision, and a possible Crypto Report from the White House on Wednesday would likely shake the cryptocurrency space.

Moreover, Trump’s tariff deadline is on Friday.

These macroeconomic developments could trigger significant fluctuations in the digital assets market in the near term.

The post Altcoins update: Dogecoin and Injective signal recoveries as Ethereum eyes $4,000 appeared first on CoinJournal.

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Omni Network price jumps 90% as Upbit lists OMNI token

  • Omni Network (OMNI) price recorded a near triple-digit gain to break from intraday lows of $2.5 to highs of $7.13.
  • The token traded around $5.37 at the time of writing, 90% up in the past 24 hours.
  • Gains came amid OMNI listing on South Korea’s largest crypto exchange Upbit.

Omni Network (OMNI) trended as the top gaining token among the 500 largest coins by market cap on Tuesday, recording a double-digit gain to break from intraday lows of $2.5 to highs of $7.13.

While the price has retreated from the intraday peak to currently sit around $5.37, it still sports an impressive 90% gain in the past 24 hours.

The daily volume was up 455% to over $584 million, with the dramatic price gain aligning with a speculative rally largely attributed to the token’s latest milestone.

Why is OMNI price exploding?

OMNI hovered flat and under $3.2 since dropping from highs of $5.50 on July 11, 2025. Before then, Omni Network price had struggled with bearish pressure below $1.7.

So why did OMNI explode today?

Many small cap tokens have seen a notable flip amid overall gains for mega cap tokens such as Ethereum, XRP and Solana.

However, some small caps are seeing huge moves, and for Omni, the primary catalyst appears to be the official listing of OMNI on Upbit, the largest crypto exchange in South Korea.

As detailed in an announcement on X, Upbit, known for its substantial user base and high trading volumes, has added support for OMNI.

The exchange’s listing news has often triggered meteoric rises in both price and activity for newly listed assets, and it looks to be no different for Omni Network.

Upbit is listing the OMNI/KRW trading pair with the market commencing at 18:30 local time on July 29, 2025.

OMNI’s price experienced a volatile swing following the news, with the token reaching a high of approximately $7.13.

The near triple-digit gain saw OMNI extend gains over the past month to over 250%. Bulls were also up 285% since the all-time lows of $1.37 reached on July 6, 2025.

The overall upward trajectory could see buyers target more gains.

Omni Network price prediction

Looking at the Omni Network price charts, technical indicators are largely bullish.

However, the Relative Strength Index (RSI) currently hovers around 80 and is in the overbought territory.

This signals potential correction in the near term amid profit taking. Bulls may nonetheless attempt to put bears off around key support at $3.45.

OMNI price chart by TradingView

This outlook will be helped by the Moving Average Convergence Divergence (MACD), which continues to signal bullish momentum with the MACD line above the signal line.

If bulls hold above $4.50, which serves as a critical support level, they could target a breakout to $10.5 and probably December 2024 highs of $15. Downside pressure could see OMNI’s price slip to $3.45 and $2.

The post Omni Network price jumps 90% as Upbit lists OMNI token appeared first on CoinJournal.