Kategorie: Altcoin News

• Aave dropped 10% in the past 24 hours, signalling strong bearish control.
• On-chain data shows increased net outflows and spiking intraday volume, indicating panic selling by traders.
• The $265–$250 range is critical, with a potential further decline to $225 if support fails.

Aave, a leading decentralized finance token, has seen its price drop to $250 as the cryptocurrency market experiences significant price swings.

Increasing bearish momentum has driven significant selling pressure, with Bitcoin and Ethereum at key levels.

Aave price slides to $250

Aave’s price has dropped sharply to $250, breaking below the critical $270–$265 support zone in a decline that marks a significant retreat from its recent highs near $300.

The token now trades well below its key exponential moving averages and is down 25% in the past 30 days.

On-chain data reveals substantial outflows, with netflows showing $11.26 million in exchange movements.

This kind of outlook signals panic-driven selling among traders.

For AAVE, the immediate support range of $245–$250 is now critical, with a potential further slide to $229 if this level fails to hold.

Despite the launch of Aave’s v4 upgrade, which introduced a cross-chain Hub-and-Spoke design, the token has struggled to maintain bullish momentum.

Trading volume has increased 159% in the past 24 hours to $593 million. Although volume is up, the price decline reflects waning retail interest.

Aave price drops as bearish momentum deepens

The deepening bearish momentum in Aave’s price action reflects broader market challenges and technical breakdowns.

The Relative Strength Index has fallen to 20.9, indicating heavily oversold conditions, though no immediate reversal has materialised.

Aave’s market capitalisation has dropped to approximately $3.9 billion, reflecting its underperformance compared to other DeFi tokens.

The crypto market has experienced setbacks, with reduced expectations for a Federal Reserve rate cut dampening demand for high-risk assets.

Large holders have reduced positions, with wallets holding 100,000 to 1 million AAVE cutting their stakes by 4.3%, as some analysts suggest that the oversold RSI could trigger a short-term relief rally.

The failure to reclaim the $289–$292 range keeps the near-term outlook negative if selling pressure persists, as Aave risks testing the $2220 support level.

AAVE bulls last saw these levels in early June 2025.

Broader market outlook

Bitcoin and Ethereum’s declines highlighted a sharp descent for most alts.

Some of the top coins by market cap, like Solana, XRP and Dogecoin, shed recent gains.

Aave’s decline to $250 and the mounting bearish momentum highlight the broader pressure on crypto and other risk assets following sharp gains in recent months.

DeFi tokens, which surged alongside Ethereum’s run to record highs, are now facing renewed selling pressure in the current environment.

Analysts are warning that September could see further downside, with expectations of deeper pullbacks if sentiment continues to sour.

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• Dogecoin’s price fell 11% to $0.23, with a trading range of $0.23–$0.26.
• Despite an earlier accumulation of 4.9 billion DOGE by large holders in August, recent data shows a 6% reduction in holdings by wallets with 10 million to 100 million DOGE.
• The launch of the first US Dogecoin ETF on September 12, 2025, failed to sustain bullish momentum.

As the cryptocurrency market faced turbulence on Monday, Dogecoin (DOGE) experienced a sharp decline of over 11% in its price.

This came as bearish sentiment drove a substantial sell-off, erasing over $1.7 billion in positions from the broader crypto market. Tokens such as Pi Network fell more than 20% in the past 24 hours.

Dogecoin price crashes

Dogecoin’s value dropped by 10%, dropping to $0.23. This decline followed a period of consolidation, with DOGE trading between $0.23 and $0.26.

DOGE’s price drop aligns with broader market weakness and analyst caution.

Despite holding around $0.23, the technical picture suggests bulls might have to defend levels below $0.20. Indeed, the $0.13 area and a potential 40% drop from current levels might be one to highlight.

This bearish outlook is down to declining retail momentum.

Despite earlier optimism surrounding the launch of the first US Dogecoin ETF and significant whale accumulation of 4.9 billion DOGE in August, the current sell-off has overshadowed these bullish catalysts.

The Coin Days Destroyed indicator also signals potential further declines, as long-term holders have begun moving assets, a historically bearish sign.

DOGE price outlook as bears wipe $1.7 billion off crypto market

Bitcoin dropped to around $112k and the broader cryptocurrency market has not been spared.

Per Coinglass data, bears wiped out $1.7 billion in value as major cryptocurrencies like Ethereum and XRP struggle to maintain key psychological levels.

Dogecoin’s 11% drop within 24 hours to $0.23 contributed to the overall market downturn.

The sell-off has been made worse by weakening sentiment. Dogecoin’s futures open interest has dropped significantly as holders reduce their positions.

Data shows wallets holding 10 million to 100 million DOGE decreased their holdings by 6% in the past two months.

Despite some analysts viewing the current dip as a buying opportunity, the prevailing bearish trend suggests further volatility.

If bulls fail to bounce, Dogecoin will potentially revisit support levels at $0.22 and $0.20.

Investors might want to not only monitor technical indicators and market developments, but overall risk asset market outlook.

This means a look at the interplay of whale activity, macroeconomic factors, and ETF-driven optimism. The latter benefitted from the launch of the REX-Osprey DOGE ETF, with an upbeat uptake on debut.

However, Dogecoin’s initial reaction to the first US-listed DOGE ETF has waned. All eyes are on the upcoming deadlines for the SEC to approve or reject multiple proposals.

The post Dogecoin price crashes 11% as bears wipe $1.6B off the crypto market appeared first on CoinJournal.

• Pi Network price fell more than 20% to $0.28, with an intraday low of $0.22.
• Declines came amid a bloodbath across crypto, with Bitcoin falling to near $112k.
• Over the coming weeks, the key levels to watch will be $0.28–$0.22 area.

Pi Network (PI) has crashed more than 20% in the past 24 hours as a major crypto downswing has top altcoins bleeding.

The PI token price now hovers around $0.28 after dropping below the key level of $0.30 amid Bitcoin’s sharp decline to near $112k.

Amid a sector-wide sell-off, is PI’s trajectory set for further pain? Or can bulls defend critical thresholds in the short term?

Pi Network nosedives 20% to key support

Pi Network’s PI token plummeted more than 20% on September 22, 2025, settling near $0.28 at the time of writing.

The altcoin’s price tested lows of $0.22, an all-time low for a cryptocurrency that spiked to highs of $1.24 in May and hit its all-time high near $3.00 in February 2025.

Declines have propelled the PI token to a pivotal support zone around the $0.28–$0.30 zone.

This downside has come amid a sharp ascent in daily trading volume, a scenario that points to the frantic activity as bulls look to the dip and bears eye fresh lows.

Notably, Pi Network’s downturn mirrors a brutal market rout.

Most major coins were bleeding red as Bitcoin crashed to near $112,000, and the global crypto market saw over $1.7 billion in value wiped off in one of the steepest price dips in months.

Per Coinglass data, more than $1.7 billion was liquidated across the cryptocurrency market in 24 hours.

Most of this, about $1.61 billion, was in long positions and only $85.8 million in short positions.

Bitcoin and Ethereum saw $276 million and $483 million in 12-hour liquidations, respectively.

As Ethereum dropped to near $4,100, down more than 6% on the day, other altcoins followed suit.

Solana shed 8%, XRP nearly 7% and Dogecoin stumbled to near $0.23.

Despite broader optimism, macroeconomic jitters allowed for a bearish flip.

Analysts attribute the cascade of bloodbaths across leveraged positions to panic selling.

PI price forecast – short-term outlook

The market’s performance paints a likely short-term picture for Pi Network.

Notably, technical indicators signal potential for prolonged consolidation or mild recovery if support holds.

Over the coming weeks, the key levels to watch will be $0.28–$0.22 area, with subdued on-chain activity adding to this outlook.

However, a bullish reversal might emerge if top alts and Bitcoin see a notable spike and prices stabilise above key levels.

Recent ecosystem upgrades like token lock-ups for enhanced mining rewards and decentralised KYC are likely catalysts.

The flipside is that bears take control and push for the $0.20 region.

The post Pi Network price forecast as crypto bloodbath sinks altcoins appeared first on CoinJournal.

• Immutable price soared 17% as bulls jumped to $0.96 amid gains for altcoins.
• The IMX token has swung bullish after Immutable’s 2.9 million IMX token rewards.
• Growth on web3 gaming and regulatory clarity are potential catalysts for IMX price.

Immutable (IMX) has surged 17% in the past 24 hours and more than 50% over the week as gains put IMX among the top performers on the day.

Gaming partnerships, enhanced token rewards, and favorable regulatory developments have all helped IMX price in recent weeks, and the token currently outpaces top altcoins.

Altcoin rally and Immutable’s 17% price gain

Immutable’s explosive growth is promoted by a series of high-profile partnerships that have strengthened its position in the web3 gaming sector.

A notable collaboration with South Korean gaming giant Netmarble, has expanded Immutable’s reach into mainstream gaming markets in addition to a recent integration with Chainers, a web3 MMO game, unveiled on September 16, 2025.

These partnerships, alongside earlier collaborations with Ubisoft and GameStop, have driven on-chain activity.

Notably, Messari’s Q1 2025 report noted a 5.7% quarter-on-quarter increase in daily transactions on the platform.

The merger of Immutable with Immutable’s zkEVM chain, forming the “Immutable Chain,” has further optimized scalability, attracting developers and players alike.

These developments have cemented Immutable’s reputation as a leading platform for NFT-based gaming, contributing significantly to IMX’s recent price surge.

The IMX token has shown resilience, rising to a rank of 90th among top cryptocurrencies after previously falling out of the top 100 earlier this year.

This uptrend provides a notable contrast to the broader crypto gaming sector, which has faced significant headwinds.

Numerous projects in the space have reportedly ceased operations due to funding challenges and unsustainable economic models.

IMX price gains amid rewards

Immutable’s mobilization is also driven by enhanced token rewards and positive regulatory shifts, with recently increased weekly IMX token rewards to approximately 2.9 million, boosting liquidity and incentivizing user participation.

A partnership with Seychelles-based MEXC exchange enables seamless token transfers to Immutable’s zkEVM chain, enhancing accessibility for investors.

Immutable co-founder Robbie Ferguson highlighted some of the milestones for IMX over the past year. He shared this via X.

big year

– onboarded our first web2 games
– 2.9m IMX in weekly rewards
– major CEX and stablecoin partnerships
– 180+ new web3 games (incl $100m+ franchises)
– X and zkEVM chain merger

even bigger things coming soon

— Robbie Ferguson | Immutable (@0xferg) September 18, 2025

Catalysts for IMX price?

Developments in regulatory front also helped IMX’s surge.

In March, the US Securities and Exchange Commission (SEC) concluded its probe into Immutable.

The move signaled a more favorable stance toward blockchain gaming.

Additionally, the SEC’s approval of generic listing standards for commodity-based trust shares has improved sentiment for altcoin ETFs, indirectly benefiting IMX.

The token could break above the psychological level of $1 in coming weeks after it hit highs of $0.96, its highest mark since February.

While Immutable’s rally aligns with strong fundamentals related to web3 gaming, and broader market optimism, traders may derail the momentum over the past month.

Mainly, the corrections will be down to profit taking and a downturn for the market. In this case, $0.45 and $0.30 are key support zones.

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