Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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SUSHI price turns bullish as SushiSwap team teases major reveal

  • SushiSwap has hinted at a massive announcement coming this week.
  • The altcoin shows bullish signals at a crucial support barrier.
  • Traders now target the key resistance zone at $0.79- a 30% surge.

Meme coins dominated financial trends with impressive rallies on Monday as Elon Musk launched a pro-Bitcoin political party for Americans.

Meanwhile, the SushiSwap team supercharged SUSHI’s rebound with a cryptic post on X, hinting at a massive reveal in the next few days.

SushiSwap X post

SushiSwap is a DEX that runs on multiple blockchains as an AMM (automated market maker).

It enables users to swap assets and offer liquidity without traditional order books.

Despite the scarce details, the upcoming announcement stirred the crypto community.

While enthusiasts contemplated what the message was about, analysts and traders shifted to the SUSHI price chart.

The altcoin’s current price of $0.6058 places it within the dependable support zone at $0.57 – $0.60.

Buyers have aggressively joined here to catalyze significant uptrends.

A confirmation might send SUSHI’s price to the crucial resistance zone at $0.79.

That would mean an approximately 30% surge from the meme token’s current price.

What to anticipate from SushiSwap?

While the team didn’t disclose the exact nature of the upcoming announcement, SUSHI’s price reaction triggered various speculations.

Enthusiasts could be bracing for strategic collaborations, protocol upgrades, new product launches, or governance overhaul.

Some suspect the project might introduce a new utility functionality for the native token or more integrations with decentralized finance protocols.

Indeed, the DeFi sector has seen increased traction lately, with topics like RWA tokenization, L2 expansions, and staking gaining traction.

Veteran crypto projects like SushiSwap are likely bracing to leverage this growth.

As the team prepares this week’s key announcement, traders are looking to capitalize on the potential momentum.

Coinglass data confirms the enthusiasm. SushiSwap’s volume has rallied 40% to $36.94 million.

Also, the Open Interest is at $30 after a 6% jump. That signals renewed interest in the project.

How could these developments influence SUSHI’s price actions in the near term?

SUSHI price outlook: recovery impending?

The DEX’s governance token displayed bullishness following the announcement, signaling impending rebounds.

SUSHI hovers at a crucial region. It trades at $0.6058, with a technical setup supporting upside continuation.

The alt trades above the foothold at $057 – $0.60, a crucial region that previously attracted significant buying.

Sushi Price Chart

Source – CoinMarketCap

SUSHI bulls are now targeting the nearest resistance at $0.66.

A decisive close beyond this mark could fuel continued upswings.

Overcoming $0.6925 would open the gates to $0.7470, and a potential extension to $0.7925.

That would mean a 30% gain from SUSHI’s current market price.

However, failure to reclaim $0.66 might delay the possible rally.

A sudden selling pressure that plunges SUSHI beneath $0.57 could trigger significant dips or sideways price actions.

Further, broad market sentiments will be vital in shaping SushiSwap’s trajectory.

The post SUSHI price turns bullish as SushiSwap team teases major reveal appeared first on CoinJournal.

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Meme coin news: MOODENG and BONK lead market comeback; SHIB burn rate jumps 1,200%

  • Moo Deng gained over 30% after Upbit listing, with its market cap surpassing $200M.
  • BONK displayed bullish momentum as key signals signal renewed demand.
  • Shiba Inu’s burn rate sees a dramatic jump after dipping.

Cryptocurrencies witnessed quite a volatility today as US labor stats propelled Bitcoin above $110K before retracing to $109K.

While altcoins signaled potential recoveries, meme coins remained in the spotlight, possibly as they set the market tone during every cycle.

In that context, MOODENG, BONK, and Shiba Inu dominate meme crypto trends due to different reasons. Let us find out more.

MOODENG soars on Upbit listing

Moo Deng led today’s gainers as it rallied 35% from $0.1691 to $0.2282.

The robust move followed South Korea’s exchange Upbit confirming it has listed MOODENG against USDT, BTC, and KRW.

The announcement ignited optimism among traders.

Moo Deng’s price gained around 35%, while its market cap surged beyond $200 million from $165 million.

While the market cap has dipped slightly to $188 at press time, Upbit’s listing positions the altcoin for greater liquidity and wider visibility.

MOODENG trades at $0.1901, with its 24-hour trading volume up 428%.

MOODENG price chart

Moreover, the listing’s timing has added to MOODENG’s momentum.

Binance Alpha added the meme crypto in May, whereas the community wait Moo Deng’s upcoming birthday party between July 10 and July 13.

MOODENG is a Solana meme token based on the popular pygmy hippo at Khao Kheow Open Zoo in Thailand.

BONK rebounds on revived demand

BONK has jumped from the opening price of $0.00001464 to $0.00001738 – an 18.72% jump.

Besides the price action, the Solana-based meme grabbed attention as organic demand drove its surge.

Coinalyze data shows BONK recorded a substantial $1.61 trillion buy volume on 3 July, eclipsing the $1.44 trillion sell volume.

Bonk data on Coinalyze

That confirms buyer resurgence and renewed demand for the altcoin.

Notably, the positive buy volume came after selling pressure dominated four successive days, suggesting a potential momentum shift to bullish.

The derivatives market data adds to the optimism.

According to Coinglass, BONK’s OI (Open Interest) jumped by 46% to $17.38 million, whereas futures volume crossed $97 million after a 270% increase.

It trades at $0.00001681 after retracing from intraday peaks.

Continued broad-based recoveries could trigger more uptrends for BONK in the upcoming sessions.

Shiba Inu’s burn rate skyrockets

While MOODENG and BONK stole the show through exchange listings and new capital, dog-themed Shiba Inu made headlines for different reasons.

SHIB has seen a massive 1,200% surge in burn activity, with over 13 million tokens destroyed in the past day.

Notably, SHIB saw sluggish token incineration in the previous five transactions .

The latest burn, which happened ah hour ago, wiped out around 13,152,197 SHIB coins.

Shibburnrate

That has renewed optimism in the meme coin’s deflationary journey.

The meme token trades at $0.00001192, having gained more than 5% the previous week. Also, fundamental data shows a healthy SHIB ecosystem.

IntoTheBlock data shows investors have staked over 4.69 trillion coins, indicating conviction in Shiba Inu’s long-term performance.

The post Meme coin news: MOODENG and BONK lead market comeback; SHIB burn rate jumps 1,200% appeared first on CoinJournal.

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IOTA price signals demand near $0.17 amid latest gains

  • IOTA is trading above $0.16, poised above the key level and likely to continue higher.
  • However, the token remains within a broader descending triangle.
  • A break above $0.17 will signal further gains, but a dip will bring $0.14 into play.

The IOTA token’s price has surged by about 8% in the past 24 hours to break above the $0.16 level amid fresh bullish momentum across the crypto market.

Per CoinMarketCap, IOTA’s daily trading volume has spiked by 55% to over $17.3 million, signalling potential demand for the token.

Significantly, this upward movement aligns with a broader rally across the altcoin market, which could mean a new leg up for the IOTA price.

IOTA bulls mirror top altcoins

As noted, the cryptocurrency market has witnessed a notable altcoin rally, and IOTA is among the top performers.

Over the past 24 hours, IOTA’s price has climbed to around $0.17, rising to levels seen on June 17, 2025.

IOTA’s 8% gain nonetheless outperformed most of the top 10 altcoins, signalling strong market confidence in its near-term potential.

In comparison, leading altcoins have posted between 4% and 8% in 24-hour gains.

Ethereum rose 6% to trade near $2,600 on Wednesday, while Solana (SOL) gained 4% to reach $156. XRP also advanced 4%, climbing to $2.28.

Dogecoin was up 8% at $0.17, and Cardano rose 8.5%, trading above $0.60. Sui was among the top performers with a spike of over 11%.

Gains for IOTA come amid the blockchain platform’s introduction of the toolkit IOTA Notarization.

This toolkit leverages the IOTA network’s Rebased upgrade, reducing transaction fees to 0.005 IOTA and enabling scalable, tamper-proof data recording.

It contrasts with traditional blockchain notarization, which sees costs of $0.05-$1.00 per record.

“IOTA Notarization is not here to replace your current databases or cloud tools. Those are still essential for internal operations and privacy,” said Lautaro Giambroni, product engineer at IOTA. “What we offer is a public, verifiable layer of trust when data needs to be shared across companies or regulators,” he added.

IOTA price forecast

IOTA’s price has broken above the $0.16 level and is now testing resistance near $0.17.

This move positions the token above a key support zone, with market participants eyeing further upside.

A decisive break above $0.17 could confirm a bullish trend reversal, potentially targeting $0.20 or higher.

However, IOTA remains within a broader descending wedge pattern on higher time frames.

IOTA price chart by TradingView

The weekly chart has the Relative Strength Index (RSI) currently approaching neutral territory, sitting at around 44, which indicates likely buying momentum.

However, the Moving Average Convergence Divergence (MACD) shows a recent bearish crossover, with the MACD line moving below the signal line to suggest continued downside pressure.

The descending triangle pattern implies that a failure to break $0.17 could see IOTA retest lower support near $0.14.

On the flipside, upside price action could bring $0.22 and $0.31 into the bulls’ view.

The post IOTA price signals demand near $0.17 amid latest gains appeared first on CoinJournal.

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Sui breaks $3 resistance: Is a new ATH next?

  • SUI is currently priced above $3, rallying higher following a descending wedge breakout. 
  • An ascending triangle pattern on the 4-hour chart signals bullish flip. 
  • However, while MACD suggests buyers are in control, the RSI is near overbought territory.

Sui (SUI) has surged to the critical $3 resistance level, breaking above it amid double-digit gains in the past 24 hours.

CoinGecko data shows SUI price trading more than 11% up in this period, with a notable 102% spike in trading volume that hovered around $1.28 billion.

The price gains to intraday highs of $3.05 put the altcoin above a key supply wall, which offered both a psychological and technical barrier in recent weeks.

Notably, Sui ecosystem tokens, including Walrus and DeepBook Protocol, have also surged in the past 24 hours.

Sui eyes gain amid bullish momentum

SUI’s uptick aligns with the broader market spike that pushed Bitcoin to above $109,000 and major altcoins like Ethereum, XRP and Solana higher.

Tailwinds for altcoins helped Sui price, with this coming amid a recent bounce from lows of $2.3.

Robust on-chain fundamentals that have also seen Sui blockchain’s total value locked (TVL) hold above $2.2 billion signal overall confidence in the ecosystem.

Other metrics such as rising stablecoin liquidity and transaction volumes align with bullish momentum.

Sui is also seeing notable growth in developer activity, leading the Move ecosystem.  Sam Blackshear, chief technical officer of Mysten Labs shared this outlook.

The 11% surge has extended SUI’s upward price action over the past two weeks. Sui’s losses in the past month are indeed down to 8%.

Sui price prediction

With SUI attempting to break above $3, bulls may target key levels of $3.5 and $4 to see the all-time peak above $5.3 reached in January 2025 come into view.

Notably, buyers are upbeat after the token broke out of a descending wedge pattern. That move allowed for a bullish reversal as long bets ramped up.

Additionally, the formation of an ascending triangle pattern on the 4-hour chart has reinforced the bullish outlook. Given this outlook, the $3 level could act as a springboard for potential further gains. 

Sui chart by TradingView

On the technical front, key indicators show buyers are in control.

The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the histogram suggesting that bulls currently hold the upper hand.

However, the Relative Strength Index (RSI) is trending at 70 and an extended uptick into the overbought territory could signal a potential downturn.

In this case, macro headwinds and profit-taking could mean a short-term flip to support levels around $2.6.

The post Sui breaks $3 resistance: Is a new ATH next? appeared first on CoinJournal.

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TRON price forecast as USDT supply surpasses $80 billion

  • USDT supply on TRON has surpassed $80 billion, accounting for over 50% of circulating USDT.
  • TRX price is currently at $0.27, but could rise to $0.44 in the short term amid bullish momentum. 
  • ETFs, partnerships, and network growth are likely catalysts for TRON price.

TRON (TRX) price is down on the day, but the blockchain project is making headlines elsewhere as the supply of Tether’s USDT on its blockchain has surpassed $80 billion.

The native Tron token TRX traded at $0.27 on Friday, June 27, with CoinMarketCap showing the price was down under 1%. Intraday highs for the altcoin range around $0.29, and TRON remains in the top 10 by market cap.

However, the question might be, what does the USDT milestone mean for TRON’s price?

USDT supply on TRON hits $80 billion

As the crypto market eyes gains and stablecoin adoption grows, Glassnode has shared details that reveal a dramatic rise in Tether (USDT) supply on the TRON network.

Notably, the Tether-issued US dollar-pegged token has surpassed the $80 billion supply mark as of mid-2025.

This marks a significant leap from earlier years, with the supply growing steadily from negligible amounts in 2020 to over $60 billion by 2024, before accelerating sharply into 2025. As seen in the chart by Glassnode, there’s a steep upward trajectory, reflecting TRON’s increasing role in facilitating stablecoin transactions.

USDT in circulation currently sits at around $157.4 billion. With more than half of the total circulating USDT at $80 billion is dominance that solidifies TRON’s position as a preferred blockchain for stablecoin settlements, outpacing competitors like Ethereum.

The network’s efficiency and low transaction costs have likely driven this adoption, with institutional and remittance use cases further fueling demand.

May 2025 saw a record $684 billion in transfer volume, while 283 million USDT transfers this year highlight explosive user adoption.

TRON price prediction

Currently priced at $0.27 with a 24-hour trading volume of $407 million, TRON has shown resilience.

While price has recently dipped from highs of $0.29, bulls have held above the key support level of $0.20 since early January.

The surge in USDT supply is a bullish signal, as it boosts network usage and attracts more users to TRON’s ecosystem, including DeFi and payment applications.

Looking at the price outlook, several catalysts could drive TRX’s price higher.

The potential launch of TRON-based exchange-traded funds (ETFs) could attract institutional investment, mirroring trends seen with Bitcoin and Ethereum.

Additionally, strategic partnerships—such as collaborations with major financial institutions or further integration with Tether- might prove huge for TRX.

Recently, it was announced that Tron is eyeing a public listing via a reverse merger. The deal, which reportedly eyes an IPO with Nasdaq-listed SRM Entertainment, will transform TRON into a treasury company.

Short-term, TRX might test resistance around $0.30. A breakout above $0.30 will allow bulls to target December 2024 highs above $0.44, which formed TRX’s all-time high. Long term, TRON price will eye a rally to $1.

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