Kategorie: Crypto Analysis

Key takeaways

• Stacks’ STX is up nearly 7% in the last 24 hours and is trading at $0.378.
• The coin could retrace towards $0.35 thanks to the $0.39 resistance level.

STX  hits $0.39 amid growing TVL

STX, the native coin of Stacks, a layer-2 protocol built on Bitcoin, is trading at $0.37 after adding 7% to its value in the last 24 hours. 

The rally comes as Stacks is experiencing a growing Total Value Locked (TVL). Data obtained from DeFiLlama shows that Bitcoin’s TVL is at $7.176 billion, up from $6.728 billion last week. 

There is a renewed interest in Bitcoin’s DeFi utility, with Stacks one of the leading DeFi platforms on the Bitcoin blockchain. 

Furthermore, DeFiLlama data shows that Stacks TVL is at $129.73 million, up from $116.62 million last week. 

Retail traders are also renewing interest in the network. Stacks futures Open Interest (OI) currently stands at $27.79 million, up from the $16 million recorded a week ago. This suggests a capital inflow driven by renewed risk-on sentiment among traders. 

STX could retrace below $0.35 if the $0.39 resistance holds

The STX/USD 4-hour chart is bullish and efficient after STX added 17% to its value since hitting the $0.3060 50-day EMA level on Sunday. At press time, STX is trading at $0.3781 and could rally higher in the near term.

If it extends its gains, STX could surge towards the $0.413 resistance level for the first time since November 13. An extended bullish run would allow STX to hit $0.50 for the first time since the October 10 deleveraging event.

The Relative Strength Index (RSI) on the 4-hour chart is at 83, suggesting heightened buying pressure. However, with the RSI in the overbought region, STX could undergo a slight correction in the near term. 

If that happens, STX could retest the $0.3500 resistance-turned-support level, with the 50-day EMA at $0.3060 expected to be a strong support zone.

The post STX faces key resistance at $0.39 after 7% rally appeared first on CoinJournal.

Key takeaways

• SUI is up 17% in the last 24 hours and is now trading at $1.95.
• The rally comes as Mysten Labs researchers explore privacy features for blockchains, placing Sui alongside Ethereum and Solana in the account-based model.

SUI tops $1.95 after 17% rally

SUI, the native coin of the Sui blockchain, is up 17% in the last 24 hours, making it the best performer among the top 20 cryptocurrencies by market cap. The coin is now trading at $1.95, close to a two-month high, thanks to this rally.

The rally comes following a recent paper by Mysten Labs researchers that explores privacy features for blockchains, placing Sui alongside Ethereum and Solana in the account-based model.

The paper places Sui firmly within the account-based model, alongside Ethereum and Solana. It also looked at how such systems could implement confidential balances, limited anonymity sets, or sender-receiver unlinkability using cryptographic primitives such as homomorphic encryption and zero-knowledge proofs.

In addition to that, on-chain and derivatives data suggest growing market participation. Data obtained from Santiment shows that the Sui ecosystem’s trading volume reached $967.43 million on Tuesday, the highest since early December. This surge suggests that traders are taking an interest in Sui again following the poor performance recorded last month. 

According to DeFiLlama, Sui’s Total Value Locked (TVL) has been steadily rising since the end of December, reaching $1.04 billion on Tuesday.

Furthermore, CoinGlass’s derivatives data shows that SUI futures Open Interest (OI) at exchanges rose to $947.26 million on Tuesday, up from $685 million recorded a week ago.

SUI could surge to the $2.34 level

The SUI/USD 4-hour chart is bullish and efficient as Sui has added 34% to its value in the last seven days. The coin is now trading around $1.95 and could surge higher in the near term. 

If the bullish trend continues, SUI could extend the rally toward the weekly resistance level at $2.34. The momentum indicators currently support further bullish movements. 

The Relative Strength Index (RSI) on the 4-hour chart is 85, above the overbought threshold, indicating strong bullish momentum. 

Furthermore, the Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover and rising green histogram bars above the neutral level.

However, if the market undergoes a correction, 

On the other hand, if SUI corrects, it could extend the decline toward the 50-day EMA at $1.66.

The post SUI surges 17% on Mysten Labs promotion, eyes $2.3 appeared first on CoinJournal.

• Morgan Stanley files S-1 for a trust tracking Bitcoin(BTC) and Solana (SOL).
• The trust will stake SOL, reflecting rewards in its NAV.
• SOL price rises 2.44%, breaking key Fibonacci resistance.

Morgan Stanley has officially filed a Form S-1 application with the US Securities and Exchange Commission (SEC) to establish Bitcoin and Solana Trusts.

The move highlights the bank’s growing interest in the cryptocurrency sector. It also reflects Morgan Stanley’s strategy to provide clients with diverse investment opportunities in digital assets.

The proposed Solana Trust will allow investors to gain indirect exposure to Solana (SOL) without holding the cryptocurrency directly.

Morgan Stanley’s institutional push into Solana

The S-1 filing outlines plans to structure the Solana Trust as a Delaware statutory trust.

Shares in the trust are expected to track the performance of SOL through a designated pricing benchmark.

The trust will also stake a portion of its Solana holdings through regulated third-party providers.

This staking mechanism allows rewards to be reflected in the fund’s net asset value (NAV).

Morgan Stanley’s involvement signals regulatory confidence in Solana-based financial products.

It mirrors the adoption path of Bitcoin ETFs, which saw significant inflows after bank-backed launches.

The trust is passively managed, meaning it will hold Solana without active trading or leverage.

Custody arrangements will involve regulated third parties to safeguard investor assets.

The S-1 filing remains preliminary, with sales permitted only after SEC effectiveness.

Investors seeking exposure to Solana through traditional brokerage accounts now have a potential path via this trust.

Implications for the crypto market

Institutional adoption like this tends to reduce sell pressure on staked assets.

Already, over 563 million SOL are staked across the network, supporting price stability.

The bank’s Bitcoin product will be called Morgan Stanley Bitcoin Trust.

The trust will hold Bitcoin outright similar to the Solana Trust, without the use of derivatives or leverage, and will calculate its net asset value daily based on a pricing benchmark drawn from major spot exchanges.

The fund will follow a passive strategy and will not actively trade Bitcoin in response to market conditions.

Notably, Morgan Stanley’s filing follows Bitwise’s $16.8 million Solana ETF inflows earlier this week.

It also coincides with a broader trend of altcoin rotation, as Bitcoin dominance dips and investors seek high-beta opportunities.

Regulators’ response will be closely watched, particularly in relation to the VanEck Solana ETF decision due by October 2026.

Market participants see this as a positive signal for Solana’s long-term growth and liquidity.

Solana price reaction

Solana’s price has responded to these developments with a notable rally.

In the past 24 hours, Solana (SOL) has risen by 2.44% to $138.77, outperforming Bitcoin (BTC) and closely tracking Ethereum (ETH).

The altcoin’s trading volume has also surged 43% to $5.1 billion, marking the strongest trading activity since December 2025.

Technical analysis shows SOL has cleared the 23.6% Fibonacci retracement at $138.45 and the 7-day SMA at $130.5.

The MACD histogram has also turned positive, confirming bullish momentum, and RSI-14 is also bullish, although nearing the overbought region.

The next resistance is at $151.18, with support at $117.88, aligning with Fibonacci levels.

The market will likely monitor whether SOL holds above the $138.45 support level to confirm continued bullish momentum.

The upcoming options expiry on January 7, however, adds a layer of short-term volatility, with $145 million in SOL contracts set to expire.

The post Morgan Stanley files a Form S-1 application for Solana Trust in the US appeared first on CoinJournal.

Key takeaways

• DOGE is trading above $0.146 after adding 18% to its value in seven days.
• The leading memecoin could face a correction below $0.14.

DOGE trades above $0.14

Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are leading the cryptocurrency market rally thanks to the geopolitical tension in Venezuela. 

The United States conducted an operation in Venezuela over the weekend, capturing Former Venezuelan President Nicolás Maduro and his wife. They were brought to the U.S. and will appear in federal court at noon on Monday, according to a spokesperson for the U.S. District Court in the Southern District of New York.

This tension allowed the crypto market to rally higher, with Dogecoin extending its gain for the fifth consecutive day while SHIB and PEPE take a pause. The outlook remains bullish, but DOGE could face a slight retrace below the $0.14 level in the near term. 

Dogecoin could retrace below $0.14

The DOGE/USD 4-hour chart is bullish and efficient thanks to Dogecoin’s rally over the past seven days. The dog-themed meme coin extends its recovery over the 50-day Exponential Moving Average (EMA) at $0.14339 and could rally higher in the near term. 

If the bulls continue to push higher, DOGE could aim for the 200-day EMA at $0.18202, aligning with the overhead supply zone between $0.18100 and $0.18500.

The technical indicators are bullish. The RSI of 73 shows that DOGE is heading into the overbought region. The MACD lines continue to rise alongside green histogram bars, signaling a surge in bullish momentum.

However, if the bullish trend subsides, DOGE could slip below $0.14339 and risk retesting the $0.1300 psychological level.

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Key takeaways

• XRP has flipped BNB to become the third-largest cryptocurrency by market cap.
• The coin could rally towards the $2.3 resistance level in the near term.

XRP tops $2.1

XRP, the native coin of the Ripple ecosystem, is up 13% in the last seven days, outperforming Bitcoin and Ether in the process. The rally comes as institutional and retail demand push prices higher.

XRP spot ETFs listed in the United States (US) experienced inflows of $43 million last week. Data revealed that since their debut in November, the funds have maintained steady weekly inflows, suggesting growing institutional investor interest.

The five XRP ETF products recorded approximately $13.6 million in inflows on Friday, taking the cumulative net inflow to $1.18 billion and net assets to $1.37 billion.

In addition to that, retail interest in XRP is slowly returning following the coin’s poor performance in December. Data obtained from Coinglass shows that XRP’s futures Open Interest (OI) increased to approximately $3.8 billion on Monday, up from $3.6 billion the previous day. The OI averaged $3.3 billion on Thursday, signaling that retail demand is slowly returning. 

XRP eyes a breakout above $2.3

The XRP/USD 4-hour chart is bullish and efficient as the coin has performed well over the past few days. At press time, XRP is trading at $2.12, above the 50-day EMA support level of $2.05.

The Moving Average Convergence Divergence (MACD) indicator upholds a positive outlook on the daily chart, with green histogram bars expanding above the mean line. 

The Relative Strength Index (RSI) at 75 and rising supports XRP’s bullish thesis. If the RSI continues to increase, XRP could enter the overbought region.

If the bullish trend continues, XRP could rally towards the next resistance levels represented by the 100-day EMA at $2.22 and the 200-day EMA at $2.34. However, failure to push higher could see XRP retest the $2.00 psychological level once again.

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