Kategorie: Crypto Analysis

Key takeaways

• Hyperliquid gained 2% on Thursday after advancing nearly 3% in the previous session.
• Hyperion DeFi’s HYPE holdings recorded a $31 million fair-value increase during the second quarter.
• HYPE futures Open Interest rose more than 4% to $2.38 billion, while trading volume jumped 45%.

Hyperliquid (HYPE) extended its recovery on Thursday as sustained corporate demand and improving derivatives activity supported bullish momentum.

The token gained approximately 2%, building on its nearly 3% advance during the previous session. HYPE is now approaching its 50-day Exponential Moving Average (EMA) near $58.37, which represents the next major obstacle to further gains.

A decisive break above this level could allow Hyperliquid to target the $62.58 supply zone.

Corporate treasuries maintain strong HYPE exposure

Corporate interest in Hyperliquid remains firm, with HYPE-focused digital-asset treasuries increasing their exposure while benefiting from the token’s rising market value.

Hyperliquid Strategies held 17.60 million HYPE, up from 12.50 million in January. The market value of its holdings climbed from $703 million at the end of the first quarter to approximately $980 million in the second quarter.

Hyperion DeFi also increased its treasury holdings from 1.88 million HYPE to 1.93 million. The value of its position rose from $77 million at the end of the first quarter to $107 million in Q2, representing a $31 million fair-value increase.

The stability and growth of these corporate positions indicate continued confidence in the Hyperliquid ecosystem.

Digital-asset treasury companies can provide sustained demand by accumulating and holding tokens over longer periods. However, concentrated corporate holdings may also create selling risks if treasury firms later reduce their exposure.

Retail and derivatives activity has strengthened alongside the price recovery. CoinGlass data shows HYPE futures Open Interest rose more than 4% over the past 24 hours to $2.39 billion. Increasing Open Interest indicates that the notional value of active contracts is rising, potentially reflecting the creation of new positions.

Trading volume also jumped 45% to $1.60 billion over the same period, showing that traders are becoming more active as HYPE approaches key resistance.

The simultaneous rise in price, trading volume and Open Interest supports the view that fresh capital is entering the market rather than the recovery being driven solely by traders closing existing positions.

Hyperliquid’s liquidation data reflects a bullish short-term bias. Short liquidations reached $1.34 million over the previous 24 hours, significantly exceeding the $251,040 in liquidated long positions. The imbalance suggests rising prices forced bearish traders to close leveraged positions.

HYPE’s funding rate remained positive at 0.0080%, despite experiencing brief moves into negative territory. Positive funding means traders holding long positions are paying shorts, showing a willingness to pay a premium for bullish exposure.

While the data supports further gains, rising leverage could increase volatility. An unexpected reversal could trigger long liquidations and place renewed pressure on the token.

HYPE remains above long-term support

HYPE continues to trade above its 200-day EMA at $51.29 and a rising trendline near $53.05.

These levels reinforce the token’s broader constructive structure and could attract buyers if the recovery loses momentum.

The Moving Average Convergence Divergence indicator has crossed above its signal line, while its histogram remains positive. The shift indicates that bullish momentum is gradually rebuilding.

The Relative Strength Index stands near 50, reflecting neutral conditions and leaving room for further gains before the token enters overbought territory.

The 50-day EMA at approximately $58.37 remains the immediate resistance level controlling HYPE’s short-term outlook.

A decisive daily close above the moving average could confirm strengthening bullish momentum and open the way toward the $62.58 supply zone.

Failure to reclaim the 50-day EMA could produce another pullback toward the rising trendline at $53.05. Below that level, the 200-day EMA at $51.29 would provide the next important support.

Buyers would need to defend this support cluster to preserve Hyperliquid’s wider bullish structure.

For now, growing corporate holdings and improving derivatives metrics favor the recovery, but a breakout above $58.37 remains necessary to confirm its continuation.

The post Hyperliquid targets $58 resistance as retail demand strengthen appeared first on CoinJournal.

Key takeaways

• XLM remains under pressure at $0.160.
• Positive funding rates for both tokens offer limited hope of a recovery.
• XLM must reclaim the $0.176–$0.180 area to improve its outlook.

XLM continues to trade below several major moving averages. Mixed derivatives and on-chain signals reveal uncertainty among traders, leaving XLM exposed to further losses despite tentative signs of improving sentiment.

XLM traders show mixed positioning

CoinGlass derivatives data points to a more bearish outlook for Stellar. XLM’s long-to-short ratio was notably weaker at 0.92, approaching its lowest level in more than a month. 

A reading below one indicates that short positions outnumber longs, reflecting expectations of further downside.

Funding rates for both tokens have improved despite their weak price performance. XLM’s funding rate climbed to 0.0092%. 

Positive funding means traders holding long positions are paying short sellers, generally indicating bullish demand in the perpetual futures market.

The figures suggest that some traders are willing to maintain bullish exposure while prices remain under pressure. However, continued declines could leave those long positions vulnerable to liquidations.

CryptoQuant data presents a mixed picture for Stellar. XLM’s futures market shows selling-side dominance across both spot and futures markets. 

The presence of large whale orders adds uncertainty, but the broader data continues to favor caution while sellers control trading activity.

Stellar remains below major moving averages

Stellar traded near $0.160 on Thursday, maintaining a bearish short-term outlook below all three major EMAs.

The 50-day EMA is positioned at $0.176, while the 100-day and 200-day EMAs stand at $0.180 and $0.190, respectively. 

Their convergence above the current price creates a dense resistance zone that buyers must overcome before a meaningful recovery can develop.

Momentum indicators also remain weak. XLM’s RSI is near 33, placing it close to oversold territory, while the MACD continues to trade in negative territory.

Although the low RSI could eventually support a relief rally, it does not by itself confirm that XLM has reached a bottom.

The first important resistance zone for Stellar sits between the 50-day EMA at $0.176 and horizontal resistance at $0.177.

A break above this area could ease selling pressure and open the way toward the 100-day EMA at $0.180. Bulls would then need to clear the 200-day EMA at $0.190 to establish a stronger recovery.

If XLM remains below these levels, the bearish outlook will persist. Continued selling could send the token toward its next meaningful horizontal support at $0.142, where buyers may attempt to defend the price.

For now, XRP’s slight bullish positioning provides limited recovery hope, but both tokens remain technically vulnerable while trading below their major moving averages.

The post Stellar’s XLM token slides below key moving averages appeared first on CoinJournal.

Key takeaways

• Uniswap falls nearly 6% on Wednesday after declining 5% in the previous session.
• Uniswap has launched Continuous Clearing Auctions on Avalanche, allowing teams to conduct on-chain token sales and bootstrap liquidity.
• UNI’s social dominance and volume have fallen sharply, signaling weaker retail attention.

Uniswap (UNI) faces intense selling pressure on Wednesday, falling nearly 9% after recording a 5% decline the previous day.

The pullback comes despite Uniswap’s continued product expansion, including the introduction of Continuous Clearing Auctions on Avalanche. The feature allows blockchain projects to conduct fully on-chain token auctions and establish initial liquidity through Uniswap v4.

However, declining social activity and derivatives demand suggest the launch has not been enough to offset the cryptocurrency market’s broader risk-averse mood.

Continuous clearing auctions launch on Avalanche

Uniswap’s Continuous Clearing Auctions provide Avalanche developers with a new mechanism for launching tokens and bootstrapping liquidity onchain.

The model is designed to reduce friction during token distribution by allowing teams to conduct auctions transparently through smart contracts. Projects can then connect their newly distributed tokens with Uniswap v4 liquidity.

The launch expands Uniswap’s presence on Avalanche and strengthens its role as infrastructure for token issuance, trading and liquidity management.

It follows the recent launch of the TradePools platform on Robinhood, which allows users to deposit USDC, USDT or ETH in pursuit of yield.

While these developments may support Uniswap’s long-term utility, they have yet to produce a meaningful improvement in near-term demand for UNI.

Retail interest in Uniswap is weakening as traders prepare for the release of July’s US Consumer Price Index report, scheduled for Wednesday at approximately 12:30 GMT.

The CPI reading could influence the Federal Reserve’s next interest-rate decision and affect demand for risk assets. A hotter-than-expected report could strengthen expectations for tighter monetary policy, while softer inflation could improve sentiment across cryptocurrency markets.

Santiment data shows Uniswap’s social dominance fell to 0.08% on Tuesday from 0.19%. Social volume also declined to 40 from 152.

The sharp contraction indicates that UNI accounts for a smaller share of cryptocurrency discussions and is attracting less attention from retail traders.

Uniswap’s derivatives market reinforces the decline in retail participation.

CoinGlass data shows UNI futures open interest fell more than 3% over the past 24 hours to $261.60 million. The decline indicates traders are closing positions and reducing their leveraged exposure.

Long liquidations reached $2.88 million during the same period, significantly exceeding short liquidations of just $1,950. The imbalance shows that falling prices have disproportionately forced bullish traders out of their positions.

However, UNI’s open-interest-weighted funding rate improved to 0.0016% from negative 0.0054% the previous day.

The return to positive funding indicates that the remaining leveraged market carries a slight bullish bias. Still, falling open interest and heavy long liquidations suggest overall sentiment remains fragile.

Uniswap Technical outlook: UNI tests 100-day EMA

Uniswap is testing its 100-day Exponential Moving Average at $3.55, an important near-term support level.

UNI remains below the 50-day EMA at $3.65 and the 200-day EMA at $3.93. These moving averages create overhead resistance and reinforce the prevailing bearish structure.

The Relative Strength Index has declined to 40, placing it below the neutral midpoint of 50 and indicating growing selling momentum. However, the indicator remains above the oversold threshold of 30.

The Moving Average Convergence Divergence indicator has also fallen below its signal line, while its expanding bearish profile suggests downside momentum is strengthening.

A decisive daily close below the 100-day EMA at $3.55 could extend Uniswap’s decline toward the 50% Fibonacci retracement level at $3.25. This level is measured from UNI’s advance between $2.31 and $4.57.

A successful defense of $3.55 could allow buyers to attempt a recovery. However, UNI must reclaim the 50-day EMA at $3.65 to ease immediate selling pressure.

Above that level, the 23.6% Fibonacci retracement at $3.89 and the 200-day EMA at $3.93 form a significant resistance cluster.

Until Uniswap recovers above these moving averages with stronger trading activity, the short-term outlook is likely to remain bearish.

The post Uniswap slides 9% as weak retail demand threatens key support appeared first on CoinJournal.

Key takeaways

• Harmony’s ONE token plunged roughly 40% following an apparent exploit that created about 4 billion tokens.
• The unauthorized issuance was equivalent to approximately 26% of ONE’s existing supply.
• Harmony released an emergency software update to prevent further minting and urged network operators to install it immediately.

Harmony’s ONE token fell approximately 40% on Wednesday after an apparent exploit reportedly created around 4 billion new tokens.

Harmony confirmed the attack and instructed the network operators responsible for maintaining the blockchain to install an emergency software update. The project said the patch would prevent the attacker from minting additional ONE tokens.

However, the update does not resolve the status of tokens that were already created. Harmony is still evaluating how to isolate or remove those assets from circulation.

The scale of the incident triggered intense selling pressure as traders assessed the risks of token dilution, exchange deposits, and a potential reversal of blockchain transactions.

Unauthorized issuance equals 26% of ONE supply

Approximately 15 billion ONE tokens existed before the exploit. The creation of another 4 billion represents a sudden supply increase of roughly 26%.

Such a large unauthorized issuance can severely dilute existing holders. If the attacker successfully transfers the newly created tokens to exchanges and sells them, the additional circulating supply could place further downward pressure on ONE’s price.

Harmony has not officially confirmed the total number of tokens minted or explained how the reported 4 billion figure was calculated.

The network was once among the cryptocurrency industry’s largest projects, reaching a market capitalization of approximately $4 billion in January 2022.

Harmony temporarily paused its token bridge to prevent potentially compromised assets from moving between networks.

The project also asked centralized exchanges to block and freeze funds traced to four wallet addresses associated with the incident. By flagging those addresses, Harmony hopes trading platforms can prevent the attacker from converting or withdrawing the newly minted tokens.

Cooperation from exchanges may limit the damage if the assets remain identifiable. However, recovery becomes more difficult if the tokens are swapped through decentralized exchanges, transferred to other networks or divided among additional wallets.

Blockchain transaction monitoring may still allow investigators to trace some movements, but it cannot guarantee that all unauthorized assets will be recovered.

Harmony’s software update is intended to close the vulnerability and stop any additional ONE from being created.

Network operators must adopt the new software for the patch to become effective across the blockchain. A coordinated upgrade is therefore essential to ensure that validators and other infrastructure providers follow the corrected network rules.

Harmony has not publicly identified the vulnerability, disclosed how the attacker gained minting authority or confirmed whether any additional parts of the protocol remain at risk.

Until the project releases a complete technical explanation, uncertainty may continue to weigh on ONE and applications operating on the network.

“We are working on a patch and rollback options,” Harmony said, promising further updates as its investigation progresses.

A rollback would return the blockchain to a state recorded before the exploit. The network would then resume from that point, removing subsequent transactions from its accepted history.

This approach could erase the creation of unauthorized tokens still on Harmony. However, it could also reverse legitimate transactions completed after the selected rollback point.

Will ONE recover following the massive dip?

The ONE/USD 4-hour chart is extremely bearish and efficient, as ONE has lost 40% of its value in the last 24 hours.

The coin briefly dropped to the $0.000605 level before bouncing back to now trade above $0.00074.

The technical indicators suggest that the bears are currently in control. The RSI of 12 means that ONE is currently in an oversold territory. The MACD lines also support the bearish narrative.

If the bearish trend persists, ONE could retest the daily low of $0.000605 before heading towards the $0.00050 psychological level.

However, if the bulls regain control, they would likely seek efficiency on the 4-hour chart at the $0.00112 level in the near term.

The post Harmony’s ONE token crashes 40% following a major exploit appeared first on CoinJournal.

Key takeaways

• Bitcoin trades below $64,000 as stalled US-Iran negotiations weaken demand for risk-sensitive assets.
• Rising oil prices are increasing inflation concerns and expectations of another Federal Reserve rate hike.
• US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, ending a five-day inflow streak.

Bitcoin (BTC) is struggling below $64,000 at the time of writing on Tuesday as rising oil prices and uncertainty surrounding the US-Iran negotiations weigh on market sentiment.

Weakening institutional demand has added to the pressure. US spot Bitcoin exchange-traded funds recorded net outflows at the beginning of the week, ending a five-day run of positive flows.

The combination of geopolitical uncertainty, renewed inflation concerns and softer ETF demand is keeping investors cautious and limiting Bitcoin’s ability to recover.

US-Iran deadlock pushes oil prices higher

Negotiations between the United States and Iran over a potential peace agreement and the reopening of the Strait of Hormuz appear to have reached an impasse.

US President Donald Trump responded to Iran’s conditions for a peace agreement with additional demands on Monday, including compensation for people killed in wars, attacks and protests, according to Reuters.

The rhetorical escalation could complicate diplomatic efforts and delay the reopening of the Strait of Hormuz, a critical route for global energy shipments.

Concerns about prolonged disruption have pushed oil prices higher while pressuring risk-sensitive assets such as Bitcoin.

A sustained increase in energy prices could lift production and transportation costs, creating renewed inflationary pressure. Higher inflation could give the Federal Reserve more reason to maintain restrictive monetary policy or raise interest rates.

Expectations of another Federal Reserve rate increase have strengthened alongside the rally in oil prices.

The CME FedWatch Tool shows that market participants are pricing in a 51.3% probability of a 25-basis-point rate hike at the Fed’s September meeting. That figure has increased from 44.1% on Friday.

Higher interest rates generally reduce demand for speculative assets by increasing borrowing costs and making interest-bearing investments more attractive. As a result, rising rate-hike expectations could continue to limit Bitcoin’s upside.

However, expectations could shift again in response to incoming inflation, employment and economic-growth data.

Institutional demand for Bitcoin began the week on a weaker footing. US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, according to SoSoValue. The withdrawal ended five consecutive trading days of net inflows.

ETF flows are closely watched because they provide insight into demand from institutional and traditional-market investors. Sustained inflows can support Bitcoin by increasing spot-market buying, while persistent outflows can add selling pressure.

Monday’s outflow does not necessarily establish a broader trend. However, additional withdrawals throughout the week could deepen Bitcoin’s correction and further weaken investor sentiment.

Bitcoin price remains below key moving averages

Bitcoin trades near $63,916 at the time of writing on Tuesday after falling 1.44% during the previous session.

The cryptocurrency remains below a cluster of important Exponential Moving Averages, maintaining its bearish near-term structure.

The 50-day EMA at $64,625 represents Bitcoin’s nearest resistance. Above that level, the 100-day EMA at $66,795 and the 200-day EMA at $72,045 create additional barriers.

With all three moving averages positioned above the current price, BTC faces substantial resistance during any recovery attempt.

Momentum indicators also show a lack of decisive buying pressure. The Relative Strength Index stands near 48, slightly below its neutral midpoint of 50.

Meanwhile, the Moving Average Convergence Divergence line remains marginally below zero and close to its signal line. The setup reflects weak and largely directionless momentum rather than a confirmed bullish reversal.

Bitcoin must reclaim the 50-day EMA at $64,625 to improve its short-term outlook. A sustained break above this level could allow buyers to target the 100-day EMA at $66,795. 

Further gains would bring the 200-day EMA at $72,045 into focus, followed by the broader horizontal resistance at $75,719.

On the downside, Bitcoin’s immediate support is located at $62,345. Buyers may attempt to defend this level if geopolitical and macroeconomic pressures continue.

A decisive daily close below $62,345 would strengthen the bearish outlook and potentially trigger a deeper correction toward the yearly low of $57,800, established on July 1.

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