Kategorie: Crypto Analysis

Key takeaways

•  Stellar has fallen below a critical support zone.
• The long-to-short ratio for XLM has declined to 0.94 and 0.90, respectively.
• The funding rate for XLM has turned negative, reflecting stronger demand for short positions.

XLM continues to underperform

Stellar (XLM) remains under pressure on Tuesday after recording modest declines during the previous session. XRP is drifting toward the psychologically important $1.00 level, while XLM has slipped below a key support zone.

Weakening derivatives-market indicators are limiting the prospects of an immediate recovery for XLM. Declining long-to-short ratios, negative funding rates and rising open interest suggest that traders are increasingly positioning for further price declines.

 XLM’s long-to-short ratio has fallen to 0.90 on Tuesday, approaching its lowest level in more than a month.

A ratio below one indicates that short positions outnumber long positions, meaning more traders are betting that the assets will decline. The current readings suggest that bearish sentiment is particularly strong among XLM traders.

The falling ratios also indicate that confidence in a near-term rebound is weakening as both assets struggle to recover from their recent losses.

XLM technical forecast: XLM could dip to $0.1500

Stellar (XLM) trades near $0.161 on Tuesday, extending its decline below the short- and medium-term Exponential Moving Averages. The current structure keeps XLM’s near-term outlook bearish as buyers struggle to regain control.

The token remains below the descending trendline breakout level at $0.166, which now acts as immediate resistance. Its Relative Strength Index stands near 35, indicating weak buying momentum without placing XLM in technically oversold territory.

The Moving Average Convergence Divergence indicator also remains below its zero line, reinforcing the downside bias as XLM consolidates beneath its key moving averages.

If a recovery begins, XLM must first reclaim the descending trendline near $0.166. A sustained move above that level could allow buyers to challenge the horizontal resistance at $0.177.

The 50-day EMA at $0.178 and the 100-day EMA at $0.181 create a concentrated resistance zone that could limit further gains. Above these levels, the 200-day EMA at $0.193 represents a broader bearish pivot. Reclaiming this moving average would be necessary to signal a more meaningful change in trend.

On the downside, XLM’s next major support is located at $0.142. A decisive break below this level could accelerate the current decline and expose the token to further losses before buyers attempt to establish a new price floor.

The post Stellar price risks a deeper correction toward $0.142 appeared first on CoinJournal.

Key takeaways

• XRP trades around $1.03 after falling more than 5% during the previous week.
• The token remains below its 50-day, 100-day, and 200-day EMAs, maintaining a bearish technical structure.
• An RSI reading near 39 and a negative MACD signal indicate persistent selling pressure.

XRP trades near $1.03 on Monday, recording a modest rebound after declining more than 5% during the previous week.

Despite the intraday recovery, XRP retains a bearish near-term outlook because it remains below all three major Exponential Moving Averages. Weak momentum indicators also suggest that sellers continue to control the broader price trend.

The $1.00 psychological level is now crucial. Buyers must defend this support to prevent another leg lower, while XRP needs to reclaim the 50-day EMA at $1.10 to improve its short-term outlook.

XRP remains below all major moving averages

XRP currently trades below the 50-day EMA at $1.10, the 100-day EMA at $1.18, and the 200-day EMA at $1.37

Trading below all three moving averages reflects weakness across short-, medium-, and long-term time frames.

The positioning also creates a wide zone of overhead resistance. Any XRP recovery is likely to face renewed selling as the price approaches these moving averages.

The 50-day EMA at $1.10 represents the first major test. A sustained daily close above this level would suggest that short-term momentum is beginning to improve.

XRP’s momentum indicators remain bearish despite Monday’s slight recovery. The Relative Strength Index stands near 39, below its neutral midpoint of 50. 

This reading shows that selling pressure remains dominant, although XRP has not yet entered the conventional oversold zone below 30.

The Moving Average Convergence Divergence indicator is also negative, reinforcing the bearish outlook.

Together, the RSI and MACD suggest that XRP’s rebound may remain limited unless buyers return with stronger trading volume. Any short-term rallies could attract selling while the token remains beneath its major moving averages.

XRP approaches critical $1 support

The psychological and horizontal level at $1.00 provides XRP’s most important immediate support.

Buyers may attempt to defend this area because round-number levels often attract increased demand. Holding above $1 could allow XRP to consolidate and make another attempt to reclaim its 50-day EMA.

However, a decisive daily close below $1.00 would weaken the technical structure and could accelerate selling pressure.

The absence of another specified nearby support means that a breakdown could expose XRP to a deeper correction as traders search for the next demand zone.

XRP must break above the 50-day EMA at $1.10 to begin reversing its bearish short-term trend.

The move from $1.03 to $1.10 would require a gain of nearly 7%. Clearing this moving average could encourage buyers to target the 100-day EMA at $1.18.

If XRP breaks above $1.18, the horizontal resistance at $1.30 would become the next upside target.

However, each of these levels could attract profit-taking and renewed selling, making a sustained recovery dependent on strong demand and improving momentum.

The 200-day EMA at $1.37 represents XRP’s most substantial technical barrier. This moving average serves as an important gauge of the broader trend. XRP would need to reclaim it to signal a meaningful shift away from its long-term bearish structure.

Beyond $1.37, the next major resistance is located around $1.90. However, this target remains distant while XRP trades below its nearer moving-average barriers.

For now, the more immediate recovery path runs through $1.10, $1.18, and $1.30.

XRP’s technical outlook remains bearish despite its modest recovery to $1.03. The token’s position below all major moving averages and its weak momentum indicators suggest that sellers retain control. The $1.00 support level will determine whether XRP can stabilize or faces another wave of losses.

Holding above $1 could support consolidation and a recovery toward the 50-day EMA at $1.10. Conversely, a decisive breakdown would confirm renewed bearish momentum and increase the risk of a deeper correction.

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Key takeaways

• Ethereum trades near $1,918 with a mildly bullish short-term outlook.
• ETH holds above the 50-day EMA at $1,864 but remains capped by the 100-day EMA near $1,924.
• The RSI at 56 signals steady buying momentum without overbought conditions.

Ethereum consolidates near $1,918

Ethereum (ETH) trades around $1,918, maintaining a mildly constructive outlook as buyers defend the area above its 50-day Exponential Moving Average (EMA).

The second-largest cryptocurrency is currently caught between the 50-day EMA at approximately $1,864 and the 100-day EMA near $1,924. This narrow range reflects an ongoing battle between buyers seeking to extend the recovery and sellers defending the longer-term resistance level.

Ethereum’s ability to hold above the 50-day EMA suggests that traders continue to buy price declines. However, ETH must decisively overcome the 100-day EMA to establish stronger bullish momentum.

ETH buyers defend the 50-Day EMA

The 50-day EMA at $1,864 provides Ethereum’s most important near-term support. ETH’s position above this indicator signals that the short-term trend is improving and that buyers remain active during pullbacks. 

Continued support above the moving average would preserve the possibility of a breakout toward $2,000.

However, Ethereum remains below the 100-day EMA at $1,924. This moving average has emerged as an immediate barrier and could continue to limit the recovery unless trading volume and buying pressure strengthen.

A sustained daily close above $1,924 would provide an early indication that bulls are gaining control.

Ethereum’s momentum indicators support a cautiously optimistic outlook. The Relative Strength Index stands near 56, above its neutral midpoint of 50. 

This reading points to steady bullish momentum while remaining comfortably below the overbought threshold of 70.

The RSI therefore leaves Ethereum with room to advance before the rally becomes technically overstretched.

Meanwhile, the Moving Average Convergence Divergence line remains slightly negative but continues to improve. This setup indicates that bearish momentum is weakening, although it does not yet confirm a fully established bullish trend.

Together, the RSI and MACD suggest that buyers are gradually strengthening their position.

Ethereum faces its first immediate resistance at the 100-day EMA near $1,924. A decisive move above this level could clear the way toward the psychological and horizontal resistance at $2,000. 

This area will likely represent a significant test because round-number levels often attract increased selling and profit-taking.

A sustained breakout above $2,000 would improve Ethereum’s technical structure and bring the 200-day EMA at approximately $2,124 into focus.

The 200-day EMA is particularly important because it serves as a broader measure of the long-term trend. ETH would need to reclaim this level to signal a more significant bullish reversal.

Ethereum’s recovery faces three major overhead barriers:

• The 100-day EMA at $1,924
• The psychological resistance at $2,000
• The 200-day EMA at $2,124

Breaking through $1,924 would strengthen the short-term outlook, while a move above $2,000 could attract additional buying interest.

However, the 200-day EMA at $2,124 remains the broader trend cap. Failure to clear this moving average could leave Ethereum vulnerable to renewed selling pressure after any short-term rally.

The current pivot area around $1,918 provides Ethereum’s initial support. If ETH loses this level, the 50-day EMA at $1,864 would become the next important defensive zone. Buyers must protect this moving average to preserve the constructive short-term structure.

A decisive break below $1,864 could weaken momentum and increase the risk of a deeper correction. In that scenario, the distant horizontal support at $1,385 could eventually come into focus, although intermediate support levels may slow the decline.

For now, Ethereum maintains a mildly bullish bias above the 50-day EMA. A confirmed close above $1,924 is needed to open the path toward $2,000 and potentially the 200-day EMA at $2,124.

The post Ethereum holds above $1,900 as bulls target the $2,000 resistance appeared first on CoinJournal.

Key takeaways

• Pi Network is testing a breakout from a short-term triangle near $0.085.
• RoboPay has added Pi Network as a payment partner for robot-based services.
• PI futures Open Interest increased to $8.82 million, indicating steady speculative demand.

Pi Network (PI) edges higher on Wednesday as the token attempts to break out of a short-term triangle pattern near $0.085.

The recovery comes amid improving momentum indicators, steady derivatives demand, and a new payment partnership with RoboPay. However, PI remains confined within a broader falling channel and must overcome resistance near $0.09 to establish a stronger bullish trend.

RoboPay adds Pi Network as payment partner

Fabric Foundation announced on Wednesday that Pi Network had joined RoboPay as a payment partner.

The integration will allow Pi users to pay for robot-powered services using PI tokens. Potential applications include deliveries, security patrols, inspections, and services performed by humanoid robots.

The partnership represents another potential real-world use case for PI and could support adoption if the services gain traction among Pi Network users.

However, the longer-term effect will depend on the scale of RoboPay’s operations, user demand and the availability of supported services.

Speculative demand for Pi Network remains relatively stable this week. CoinAnk data shows that PI futures Open Interest increased to $8.82 million on Wednesday from $8.51 million the previous day.

The increase indicates that the value of active perpetual futures contracts is rising as traders build new positions. While this signals growing market participation, Open Interest alone does not reveal whether those positions are predominantly bullish or bearish.

Pi Network tests triangle resistance

PI is extending its modest recovery and testing the upper resistance trend line of a short-term triangle pattern near $0.085.

The triangle has developed within a larger descending channel, meaning the token remains under pressure from the broader bearish structure. An additional downtrend line near $0.09 strengthens the resistance zone immediately above the current price.

A confirmed breakout from the smaller triangle would improve the near-term outlook, but PI must surpass the wider resistance cluster near $0.09 to restore a more convincing bullish trend.

The Moving Average Convergence Divergence and its signal line are trending modestly higher, pointing to early signs of improving upside momentum.

Meanwhile, the Relative Strength Index has recovered to 44. Although it remains below the neutral 50 level, its upward movement indicates that bearish momentum is beginning to fade.

The indicators support a mildly bullish short-term bias but do not yet confirm that buyers have regained full control.

A decisive close above the overhead trend lines around $0.09 could strengthen PI’s recovery and bring the 127.2% Fibonacci extension at $0.0961 into focus.

Clearing that level would provide further evidence that the short-term trend is shifting in favor of buyers.

If PI fails to break above the triangle and descending-channel resistance, the token could retreat toward the record low of $0.07. This support area is reinforced by the 161.8% Fibonacci extension at $0.0679.

A sustained break below that zone would invalidate the developing recovery and signal a continuation of the broader downtrend.

The post Pi Network tests triangle breakout as RoboPay partnership boosts adoption appeared first on CoinJournal.

Key takeaways

• Ethereum traded sideways as mixed on-chain activity reflected uncertainty among investors.
• Whale wallets holding 10,000–100,000 ETH accumulated a net 130,000 ETH over the past week.
• Smaller wallet cohorts collectively reduced their holdings by approximately 360,000 ETH.

Ethereum (ETH) continued trading sideways on Tuesday as whale accumulation was offset by selling among smaller wallet cohorts and subdued institutional demand.

On-chain indicators reflect mixed sentiment, with larger investors returning to accumulation while other holders reduce their exposure near break-even prices.

Ethereum whales accumulate 130,000 ETH

Wallets holding between 10,000 and 100,000 ETH added a net 130,000 ETH over the past week. The increase marked the cohort’s first significant inflow in almost three weeks.

The renewed whale accumulation suggests that some large investors view Ethereum’s current price range as an opportunity to increase their holdings.

However, selling among smaller investors outweighed those purchases, limiting ETH’s ability to establish a clear upward trend.

Wallets holding between 1,000 and 10,000 ETH reduced their combined balance by approximately 230,000 ETH after remaining relatively stable during the previous two weeks.

Investors holding between 100 and 1,000 ETH also sold roughly 130,000 ETH. This cohort has steadily reduced its Ethereum holdings throughout the year.

Together, the two groups recorded net outflows of approximately 360,000 ETH over the past week—nearly three times the amount accumulated by whale wallets.

Ethereum’s Spent Output Profit Ratio hovered between 0.98 and 1.01 during the past week.

SOPR measures whether recently transferred assets were moved at a profit or loss. A reading near one indicates that most investors sold close to their acquisition price.

The data suggests that many holders may be exiting Ethereum positions once prices return to break-even levels rather than waiting for a sustained recovery.

Ongoing geopolitical uncertainty and the Federal Reserve’s moderately hawkish position may be contributing to the cautious sentiment across financial markets.

Ethereum’s Exchange Netflow remains negative, meaning more ETH is still leaving exchanges than entering them. However, the indicator has risen from approximately -34,000 ETH to -4,000 ETH since mid-July.

Negative exchange flows are typically viewed as constructive because withdrawals reduce the amount of ETH immediately available for sale. The movement toward zero suggests that this bullish spot-market pressure is weakening, although only gradually.

The slowdown comes amid reports that the wider cryptocurrency market is experiencing some of its lowest trading volumes since November 2023. Weak activity indicates that investors remain reluctant to take a strong directional position.

Net Realized Losses also increased on Monday, suggesting that most ETH moved at the start of the week was transferred at a loss.ins Weak

Institutional demand for Ethereum remains subdued. US spot ETH exchange-traded funds attracted $27.42 million in net inflows last week.

However, the products returned to negative territory on Monday, recording combined net outflows of $11.42 million.

The reversal highlights inconsistent institutional demand and provides limited support for a sustained ETH price recovery.

Ethereum trapped between key moving averages

Ethereum recorded $17.77 million in liquidations over the past 24 hours, including $11.77 million in short positions.

On the daily chart, ETH remains trapped between the 50-day Exponential Moving Average at $1,851 and the 20-day EMA at $1,869. This narrow range reinforces the neutral short-term outlook.

The 100-day EMA at $1,931 and a previously broken ascending trend line near $1,948 present additional resistance.

The Relative Strength Index stands near 51, reflecting balanced momentum between buyers and sellers. Meanwhile, the Stochastic oscillator near 29 suggests momentum is stabilizing following the recent pullback rather than developing a decisive trend.

A daily close above the 20-day EMA at $1,869 could allow ETH to challenge the 100-day EMA at $1,931 and the former trend-line support near $1,948.

Further buying pressure could bring resistance at $1,961 into focus. A sustained breakout above this area would expose higher targets at $2,172 and $2,431.

On the downside, immediate support lies at the 50-day EMA of $1,851, followed by the horizontal level at $1,809.

A decisive break below $1,809 would weaken the neutral structure and could send ETH toward $1,701. More substantial selling pressure could expose the deeper support level at $1,507.

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