Kategorie: Crypto Analysis

Key takeaways

• Bittensor trades higher on Monday, extending its five-day gain to approximately 25%.
• TAO’s social dominance has increased amid renewed interest in AI tokens and the launch of the Buttensor meme coin on Solana.
• TAO open interest reached a three-month high of $428.57 million, indicating growing derivatives activity.

Bittensor (TAO) trades in positive territory on Monday, extending its steady five-day rally to approximately 25%.

The artificial intelligence-focused token gained 16% last week before rising another 12% on Sunday. TAO has now reached a two-month high as buyers target a breakout above the psychological resistance at $300.

Social activity surrounding Bittensor is also increasing, supported by renewed interest in AI-related cryptocurrencies and the launch of a similarly named meme coin on Solana.

Bittensor meme coin drives attention toward TAO

A Bittensor parody token named Buttensor (BUTT) launched on Raydium, a Solana-based decentralized exchange, on Monday.

The meme coin’s debut followed Raydium’s official launch of TAO trading on the platform a day earlier. BUTT was subsequently paired with TAO.

The meme coin’s tokenomics direct transaction fees toward automatically purchasing TAO and distributing the acquired tokens to BUTT holders. The arrangement connects speculative activity around the meme coin with demand for Bittensor’s native token.

However, the sustainability of this buying pressure will depend on continued trading activity and retail interest in BUTT.

The release of ChatGPT-6 Astra has also coincided with renewed demand for AI-focused cryptocurrencies.

Santiment data shows that TAO’s social dominance climbed to 0.05% on Thursday following Astra’s release. The metric has since risen to 0.12%, with the launch of Buttensor contributing to the increase in online discussion.

Social dominance measures an asset’s share of cryptocurrency-related conversations. A rising reading can indicate growing investor interest, although elevated social activity can also accompany speculative price movements.

Activity in Bittensor’s derivatives market has strengthened alongside the price rally. CoinGlass data shows that TAO open interest reached a three-month high of $428.57 million on Monday. 

The increase indicates that traders are adding positions rather than simply closing existing contracts during the rally.

Rising open interest alongside an advancing price generally supports a bullish outlook. However, a large buildup in leveraged positions could increase volatility and liquidation risk if TAO suddenly reverses.

TAO momentum strengthens near $300

Bittensor trades comfortably above its 50-day, 100-day, and 200-day exponential moving averages, which are clustered between approximately $220 and $236.

Its position above these major indicators confirms the strength of the current uptrend and provides several potential support levels during a correction.

The Moving Average Convergence Divergence indicator remains above its signal line in positive territory, suggesting upside momentum is intact.

However, the Relative Strength Index has reached 70 on the daily chart. This reading places TAO at the threshold of overbought conditions and warns that the rally could temporarily cool as traders take profits.

The psychological $300 level represents TAO’s immediate resistance. A confirmed daily close above $300 would reinforce the bullish outlook and could open the path toward $369, a high recorded on Sept. 13, 2025.

Conversely, rejection from $300 could trigger a pullback toward the 200-day EMA near $236. If that support fails, the 100-day EMA at $222 and the 50-day EMA around $220 form a deeper demand zone.

TAO’s outlook remains bullish while it trades above the moving-average cluster, but overbought conditions leave the token vulnerable to a short-term correction before another breakout attempt.

The post Bittensor targets $300 as TAO extends five-day rally appeared first on CoinJournal.

Key takeaways

• Cardano trades near $0.222 on Monday after rallying more than 15% last week.
• ADA’s long-to-short ratio of 0.94 shows slightly more bearish than bullish positioning.
• Positive funding rates and large whale orders provide mildly bullish signals.
• The RSI and MACD indicate strengthening upside momentum.

Cardano holds gains following 15% weekly rally

Cardano (ADA) trades around $0.222 on Monday after gaining more than 15% last week.

Mixed derivatives data and mildly positive on-chain indicators reflect cautious sentiment among traders. However, strengthening technical momentum suggests ADA could extend its recovery if buyers overcome a cluster of resistance levels between $0.231 and $0.245.

The token currently trades above its 50-day and 100-day exponential moving averages, reinforcing its improving short-term outlook.

Cardano’s derivatives market presents a divided picture on Monday. CoinGlass data shows ADA’s long-to-short ratio at 0.94. A reading below 1 means short positions outnumber long positions, indicating that slightly more traders are betting on a price decline than an advance.

However, the difference between bullish and bearish positioning remains relatively narrow, suggesting traders are cautious rather than strongly bearish.

Funding rates offer a more encouraging signal. Cardano’s open interest-weighted funding rate turned positive on Saturday and stood at 0.0097% on Monday.

A positive funding rate means traders holding long positions are paying those holding shorts, typically reflecting increased demand for bullish exposure. The shift suggests sentiment has improved following ADA’s double-digit weekly rally.

CryptoQuant’s summary data also points to cautiously optimistic sentiment around Cardano.

Large whale orders have appeared in ADA’s futures market, indicating increased activity among well-capitalized traders. Most other tracked metrics remain neutral, limiting the strength of the bullish signal.

The combination of large orders and neutral broader indicators suggests institutional or whale interest may be increasing, but the market has not yet established overwhelmingly bullish positioning.

Continued buying from large traders could support ADA’s recovery, while a decline in whale activity could leave the token vulnerable to profit-taking.

Cardano momentum indicators strengthen

ADA’s price remains above the 50-day and 100-day EMAs, both clustered around the psychologically important $0.200 level.

The Relative Strength Index stands near 61 on the daily chart. This reading reflects solid bullish momentum while remaining below the overbought threshold of 70, suggesting ADA may have room to rise before the rally becomes overstretched.

The Moving Average Convergence Divergence indicator has also turned marginally positive. This shift signals that buyers are gradually gaining control, although a descending trendline continues to act as dynamic resistance.

Together, the RSI and MACD support a constructive short-term outlook, but ADA must clear several overhead barriers to confirm an extended recovery.

Cardano faces immediate resistance at the 61.8% Fibonacci retracement near $0.231. A move above that level would bring the horizontal resistance at $0.236 into focus.

The 200-day EMA sits around $0.243, just below another key resistance level at $0.245. This concentration of technical barriers could attract profit-taking and slow ADA’s advance.

A sustained break above $0.245 and the descending trendline would strengthen the bullish case and potentially open the door to a more substantial recovery.

Conversely, failure to clear $0.231 could trigger a pullback toward the 50% Fibonacci retracement at $0.213.

Below that level, the 100-day EMA around $0.200 and the 50-day EMA near the 38.2% Fibonacci retracement at $0.195 form a broader support zone. Deeper support levels sit at $0.173 and $0.150.

ADA’s outlook remains cautiously bullish while the price stays above $0.200, but overcoming the $0.231–$0.245 resistance region will be crucial for extending the rally.

The post Cardano price forecast: Can ADA extend its recovery toward $0.245? appeared first on CoinJournal.

Key takeaways

• Bitcoin, Ethereum and XRP extended their weekly gains on Friday ahead of the U.S. Nonfarm Payrolls report.
• BTC remains above its 50-day, 100-day and 200-day exponential moving averages.
• Bitcoin faces resistance at $85,000, while the first major support zone lies between $69,696 and $72,539.

Bitcoin, Ethereum and XRP extended their weekly gains on Friday as traders awaited the U.S. Nonfarm Payrolls report for the market’s next directional catalyst.

Bitcoin traded above $80,800 after gaining more than 4% during the week. Ethereum also strengthened after breaking and closing above the important $2,500 resistance level.

XRP maintained a cautiously bullish near-term outlook after rebounding from a key support level earlier in the week.

US jobs report could drive crypto volatility

The U.S. Nonfarm Payrolls report could influence expectations for the Federal Reserve’s next monetary policy decision.

A stronger-than-expected employment report may reinforce expectations that interest rates will remain elevated or rise further, potentially weighing on cryptocurrencies and other risk assets.

Conversely, weaker employment data could reduce pressure on the Federal Reserve to maintain a hawkish position and provide additional support for Bitcoin, Ethereum and XRP.

Traders should therefore prepare for increased volatility as markets adjust their interest-rate expectations following the release.

Bitcoin maintains bullish structure above key EMAs

Bitcoin traded at approximately $80,856 on Friday and maintained a firmly bullish technical structure.

BTC remains comfortably above its major exponential moving averages:

• The 50-day EMA at $71,126
• The 100-day EMA at $69,696
• The 200-day EMA at $72,539

The separation between Bitcoin’s current price and these moving averages indicates that the broader uptrend remains well supported.

However, the wide gap also leaves room for a correction if traders begin taking profits following the recent advance.

Bitcoin’s Relative Strength Index stands near 71 on the daily chart. An RSI reading above 70 typically indicates that an asset has entered overbought territory. This does not guarantee an immediate reversal, but it suggests that the rally may be becoming extended.

The Moving Average Convergence Divergence indicator remains in positive territory, signaling that bullish momentum continues.

However, momentum appears less aggressive than during the earlier stage of the rally, which suggests that buyers may be losing some strength as Bitcoin approaches resistance.

The horizontal resistance near $85,000 represents Bitcoin’s next major upside target. Fresh selling pressure could emerge around this level as traders take profits and previously sidelined sellers enter the market.

A decisive daily close above $85,000 would signal that buyers remain in control and could open the door to further gains.

Failure to clear the level may lead to consolidation or a short-term pullback as the market absorbs Bitcoin’s rapid advance.

Bitcoin’s first major demand area is formed by its three key moving averages. The 200-day EMA at $72,539 provides the highest level of dynamic support, followed by the 50-day EMA at $71,126 and the 100-day EMA at $69,696.

This creates a broad support zone between approximately $69,700 and $72,500. If Bitcoin falls below all three averages, the next horizontal support levels sit at $66,500 and $62,300.

A breakdown beneath those deeper levels would significantly weaken the broader bullish structure. For now, Bitcoin remains firmly positioned above support as traders focus on a potential test of $85,000.

The post Bitcoin holds above $80,800 as bulls target $85k ahead of NFP appeared first on CoinJournal.

Key takeaways

• Shiba Inu trades near $0.00000516 after rebounding almost 4% earlier this week.
• Whale wallets holding between 1 million and 100 million SHIB have sold a combined 40 billion tokens since August 22.
• Smaller whales accumulated 990 million SHIB over the same period.
• SHIB’s long-to-short ratio of 0.93 signals bearish positioning in the derivatives market.

Shiba Inu traded around $0.00000516 on Wednesday after recovering nearly 4% earlier in the week.

Despite the rebound, whale selling and weakening derivatives data suggest that traders remain cautious about the dog-themed memecoin’s short-term outlook.

SHIB continues to hold above its 50-day exponential moving average, but growing selling pressure could increase the risk of another decline.

Large SHIB whales reduce their holdings

Santiment’s Supply Distribution data signals a bearish shift among some of Shiba Inu’s largest holders.

Wallets containing between 1 million and 10 million SHIB and those holding between 10 million and 100 million tokens have collectively sold 40 billion SHIB since August 22.

The selling followed SHIB’s recent price recovery and may indicate that larger holders are taking profits rather than positioning for an immediate extension of the rally.

Sustained whale distribution could place additional supply on the market and make it more difficult for SHIB to maintain its upward momentum.

While larger wallets reduced their positions, smaller whales moved in the opposite direction.

Addresses holding between 100,000 and 1 million SHIB accumulated approximately 990 million tokens during the same period.

The contrasting behavior indicates a transfer of supply from larger holders to smaller participants. However, the amount accumulated by smaller whales remains substantially below the 40 billion SHIB sold by the larger groups.

This imbalance suggests that new demand may not be strong enough to fully absorb the tokens being distributed by bigger holders.

Shiba Inu’s derivatives market also points to cautious sentiment. CoinGlass data showed that SHIB’s long-to-short ratio stood at 0.93 on Wednesday. 

A reading below 1 means short positions outnumber long positions, indicating that more traders expect the token’s price to fall.

CryptoQuant’s data presents a similarly cautious picture. SHIB’s spot and futures markets are showing signs of heightened activity, while the futures market has recorded large whale orders following the recent price increase.

Other indicators remain neutral, leaving the broader outlook mixed rather than decisively bearish.

SHIB rebounds from the 50-day EMA

SHIB’s nearly 4% recovery followed a retest of its 50-day EMA near $0.00000489. This moving average is currently the token’s most important near-term support. Its ability to attract buyers during the recent decline suggests that demand remains present at lower levels.

If SHIB holds above this support and buying pressure increases, the recovery could extend toward the 200-day EMA at $0.00000569.

A breakout above the 200-day EMA would strengthen the bullish case and could encourage traders to target higher resistance levels.

Shiba Inu’s momentum indicators reflect uncertainty among traders. The Relative Strength Index stands at 54 on the daily chart and continues to rise. 

Its position above the neutral level of 50 indicates that bullish momentum is gradually improving.

However, the Moving Average Convergence Divergence indicator produced a bearish crossover on Sunday. Expanding red histogram bars also suggest that downward momentum remains active.

The disagreement between the RSI and MACD supports a cautious outlook as SHIB consolidates between its key moving averages.

If selling pressure increases, SHIB could fall back toward the 50-day EMA at $0.00000489.

A decisive daily close below this level would weaken the recovery and could expose the token to a deeper correction.

Conversely, continued support above the 50-day EMA could allow buyers to challenge the 200-day EMA at $0.00000569.

SHIB’s next significant move will likely depend on whether retail demand can absorb continued whale selling and reverse the bearish positioning visible in the derivatives market.

The post Shiba Inu holds above key support as whale selling raises downside risk appeared first on CoinJournal.

Key takeaways

• Pi Network is trading above $0.091 after gaining 10% in August.
• OpenPay has restored its cash-in feature, enabling users to convert PI and other altcoins into the OUSD stablecoin.
• PI must break above the $0.1000–$0.1022 resistance zone to strengthen its bullish outlook. 

Pi Network traded in positive territory above $0.091 on Tuesday, preserving the 10% gain recorded during August.

The token’s latest recovery coincides with OpenPay’s decision to restore its cash-in feature. The service allows users to convert PI and other supported altcoins into the OUSD stablecoin for payments and transfers.

Despite improving utility, PI remains below the psychologically important $0.1000 level. A confirmed breakout above this resistance is required to establish a stronger upward trend.

OpenPay restores cash-in support for PI

OpenPay, a Web3 decentralized wallet connected to the Pi Network ecosystem, announced on Monday that it had reintroduced its cash-in feature following community demand.

The service supports 96 partners, including Pi Network, local banks in the Philippines and international payment providers such as Apple Pay and PayPal.

Users choosing to pay with PI must first convert their tokens into OUSD. The resulting stablecoins can then be used for transfers, QR-code payments or transactions directed back toward a Pi Wallet.

Restoring the feature could increase PI’s practical utility by providing holders with additional ways to move and spend their assets.

However, OpenPay’s additional Know Your Customer requirements may raise privacy and accessibility concerns among some community members.

PI remains capped below $0.1000

PI traded around $0.0915 on Tuesday but remained below the $0.1000 psychological resistance level.

The price continues to move sideways above the 23.6% Fibonacci retracement level at $0.0836. This retracement is based on PI’s decline from $0.1341 to $0.0703.

The consolidation indicates that buyers are defending lower levels, although persistent selling pressure around $0.1000 continues to limit the recovery.

PI must record a confirmed breakout above $0.1000 to strengthen its bullish outlook. The 50% Fibonacci retracement level at $0.1022 reinforces this resistance, creating a significant supply zone between $0.1000 and $0.1022.

A decisive daily close above the area could encourage sidelined buyers to enter the market and extend PI’s recovery toward the 78.6% Fibonacci retracement level at $0.1204.

The Moving Average Convergence Divergence indicator and its signal line are moving sideways slightly above the zero level on the daily chart.

This setup suggests that bullish momentum remains weak despite PI holding onto its recent gains.

The Relative Strength Index stands near 52, slightly above its neutral midpoint. Although the reading provides a mildly constructive signal, it does not indicate strong buying pressure.

Together, the indicators suggest that PI may continue consolidating unless buyers generate enough momentum to overcome the resistance around $0.1000.

The 23.6% Fibonacci retracement level at $0.0836 provides the most important immediate support.

A confirmed breakdown below this level could expose the swing low at $0.0703. Losing that support would weaken the current recovery structure and could push PI into a new price-discovery phase.

PI’s near-term direction will therefore depend on whether buyers can reclaim the $0.1000–$0.1022 resistance zone or sellers force a breakdown below $0.0836.

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