Kategorie: Crypto Analysis

Key takeaways

• Dogecoin is trading near $0.070 after declining 3.5% last week.
• DOGE’s long-to-short ratio rose to a one-month high of 1.25, signaling bullish positioning.
• Funding rates remain positive at 0.0074%, indicating stronger demand for long positions.

Dogecoin (DOGE) is holding steady near $0.070 at the time of writing on Tuesday after falling 3.5% last week.

Although the broader technical trend remains bearish, improving derivatives data and bullish divergences across key momentum indicators suggest that selling pressure may be easing. This setup could support a short-term recovery if buyers defend the current support zone.

Derivatives data supports a bullish DOGE outlook

Dogecoin derivatives traders are showing signs of growing optimism. The DOGE long-to-short ratio climbed to 1.25 on Tuesday, its highest level in more than a month, according to CoinGlass. 

A reading above 1 indicates that long positions outnumber shorts, suggesting more traders expect the price to rise.

Dogecoin’s funding rate also supports this bullish outlook. The rate turned positive on July 24 and stood at 0.0074% on Tuesday.

Positive funding rates mean traders holding long positions are paying those with short positions, typically reflecting stronger demand for bullish exposure.

Dogecoin technical outlook: Bullish divergence emerges

Dogecoin is trading near $0.070 on Tuesday but remains below its major moving averages, maintaining a bearish near-term structure.

The 50-day, 100-day, and 200-day Exponential Moving Averages are located at $0.075, $0.083, and $0.100, respectively. These levels are expected to act as resistance during any recovery attempt.

However, momentum indicators suggest bearish pressure is beginning to fade. DOGE formed a lower price low on August 1 while the daily Relative Strength Index registered a higher low. This bullish divergence indicates that selling momentum is weakening despite the decline in price.

The Awesome Oscillator reinforces this signal. Its recent lows have been rising while DOGE continues to trade near its price lows, suggesting that downside momentum is losing strength.

Immediate support is located at the horizontal level of $0.070. If DOGE loses this level, the yearly low at $0.067 would become the next key support. A decisive daily close below $0.067 could trigger further losses toward the psychological level of $0.065.

The 50-day EMA at $0.075 represents the first major resistance level. Above it, DOGE could encounter selling pressure around the descending trendline breakout area near $0.080, followed by the 100-day EMA at $0.083 and horizontal resistance at $0.088.

A stronger recovery would require Dogecoin to reclaim the 200-day EMA at $0.100 and the major horizontal barrier at $0.102. Moving above these levels would help ease the prevailing bearish outlook.

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Key takeaways

• AAVE is holding above its 50-day EMA at $90.80 as its near-term recovery continues.
• Deposits in Aave V3 on Monad increased by more than $500 million over the past month.
• Aave V4 deposits reached a record high above $350 million.

Aave (AAVE) is extending its mild recovery on Tuesday, trading above the 50-day Exponential Moving Average at $90.80.

The recovery comes amid increased adoption of Aave’s lending protocols. Aave V3’s deployment on the Monad Layer 1 blockchain attracted more than $500 million in deposits over the past month, alongside more than $215 million in active loans.

Despite the rise in protocol activity, weak derivatives data and bearish momentum indicators continue to cloud AAVE’s price outlook.

Aave V4 deposits reach record high

Deposits in Aave V4 have surpassed $350 million, establishing a new record after increasing by more than $100 million over the past 30 days.

The growth suggests rising adoption and may be partly driven by an attractive USDC borrowing offer. Holders of cbBTC, WBTC, WETH and wstETH can reportedly access a borrowing rate of negative 0.2%.

The increase in deposits across Aave V3 on Monad and Aave V4 highlights growing use of the protocol, even as demand for the AAVE token remains subdued among retail traders.

AAVE is losing momentum in the derivatives market despite the growth in protocol deposits.

Futures open interest declined by more than 6% over the previous 24 hours to $302.15 million, according to CoinGlass. The drop reflects a contraction in the value of outstanding futures contracts and suggests traders are reducing their exposure.

AAVE’s funding rate also fell below zero to negative 0.0046%. Negative funding indicates a bearish tilt, with short-position holders paying traders holding long positions.

Meanwhile, the 24-hour long-to-short ratio declined to 0.9372, showing that active short positions outnumber longs and reinforcing the cautious market outlook.

AAVE technical outlook: Could the price fall to $70?

AAVE is hovering above $90 at the time of writing on Tuesday, maintaining a mildly constructive near-term position above its 50-day EMA at $90.80.

However, the token remains well below its 200-day EMA at $112.75, suggesting that its broader recovery potential remains limited.

The Moving Average Convergence Divergence indicator continues to decline below its signal line, reflecting persistent bearish momentum.

The Relative Strength Index stands near 49 and is trending lower while AAVE’s price forms a modest upward trend. This bearish divergence suggests that buying momentum is weakening despite the recent price recovery.

The 50-day EMA at $90.80 is the key immediate support level. A decisive daily close below this moving average could accelerate selling pressure and trigger a roughly 20% decline toward the June 18 low of $70.65.

The psychological $100 level represents AAVE’s first major resistance. This area sits close to the May 10 high of $103.51, creating a broader resistance zone between $100 and $103.51.

A sustained break above this region would strengthen the bullish case and could allow AAVE to target the 200-day EMA at $112.75.

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Key takeaways

• Dogecoin (DOGE) is trading below $0.070 after dropping 5% in the previous session.
• Risk-off sentiment driven by geopolitical tensions has reduced demand for speculative assets like meme coins.
• DOGE futures open interest has declined, while trading volume has surged 76%, indicating increased retail activity.

Dogecoin (DOGE) remained under pressure on Friday, trading below $0.070 after suffering a 5% decline in the previous trading session.

The world’s largest memecoin has weakened alongside the broader cryptocurrency market as investors reduce exposure to speculative assets amid heightened geopolitical tensions and deteriorating market sentiment.

Geopolitical uncertainty weighs on memecoins

Dogecoin has historically been one of the most sentiment-driven cryptocurrencies, with its price closely tied to retail investor enthusiasm and broader market risk appetite.

Recent geopolitical developments, including escalating tensions between the United States and Iran, have pushed investors toward a more cautious stance.

The decline in market confidence is reflected in CoinMarketCap’s Fear & Greed Index, which dropped to 37 on Friday from 40 earlier in the week, signaling that sentiment is shifting further toward fear.

As speculative demand fades, meme coins such as DOGE have experienced stronger selling pressure than many larger cryptocurrencies.

Dogecoin’s derivatives market presents a mixed picture. According to CoinGlass, DOGE futures open interest declined to approximately $1.10 billion, indicating a slight reduction in outstanding leveraged positions.

However, futures trading volume surged 76% to around $1.38 billion, suggesting retail traders remain highly active despite the recent price decline.

The increase in trading activity alongside falling prices points to heightened volatility rather than renewed bullish conviction.

Additional derivatives indicators continue to favor sellers. DOGE’s perpetual futures funding rate slipped to approximately -0.0016%, indicating that short sellers are paying long-position holders.

Negative funding rates generally reflect bearish market expectations and growing demand for short positions.

DOGE remains below key technical levels

From a technical perspective, Dogecoin continues to trade within a well-established downtrend.

The meme coin remains below both the 50-day EMA at $0.0788 and the 200-day EMA at $0.1032

Remaining beneath these indicators keeps the short-term and medium-term outlook tilted in favor of sellers.

Momentum indicators show bearish conditions persist, although DOGE is approaching oversold territory.

The Relative Strength Index (RSI) is hovering near 31, indicating selling pressure remains strong, and the asset is nearing levels where buyers may begin looking for value.

Meanwhile, the Moving Average Convergence Divergence (MACD) is testing its signal line, suggesting bearish momentum may continue building if sellers maintain control.

The next important support level lies at $0.0641. A daily close below this level could accelerate losses and trigger another wave of selling.

On the upside, buyers must overcome several resistance levels before sentiment can improve:

• $0.0700 – Immediate resistance
• $0.0777 – Secondary resistance
• $0.0788 – 50-day EMA

Together, these levels form a significant resistance zone that bulls must reclaim to signal a potential trend reversal.

Dogecoin remains vulnerable as weakening market sentiment and geopolitical uncertainty continue to pressure speculative assets.

Unless broader market sentiment improves and DOGE reclaims the $0.070–$0.079 resistance zone, the meme coin could remain on course to test support near $0.0641 in the coming sessions.

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Key takeaways

• Cardano (ADA) is trading below $0.168 after being rejected at the 50-day EMA.
• Derivatives data presents mixed signals, with the long-to-short ratio remaining bullish while funding rates have turned negative.
• Large Cardano whales have accumulated approximately 120 million ADA since Monday.

Cardano (ADA) extended its losses on Friday, trading below $0.168 after buyers failed to overcome resistance at the 50-day Exponential Moving Average (EMA) earlier in the week.

Although some large investors continue accumulating ADA, mixed derivatives data and subdued technical indicators suggest the market remains uncertain about the cryptocurrency’s next major move.

Derivatives data reflects divided trader sentiment

Cardano’s derivatives market is sending conflicting signals. According to CoinGlass data, ADA’s long-to-short ratio stood at 1.07 on Friday. 

A reading above one indicates that more traders are positioning for price gains than declines, reflecting a modest bullish bias among leveraged traders.

However, other derivatives metrics tell a different story. Cardano’s perpetual futures funding rates flipped into negative territory on Thursday and remained at approximately -0.014 on Friday.

Negative funding rates indicate that short sellers are paying long-position holders, typically signaling increased bearish sentiment and expectations of further downside.

The contrast between bullish positioning and negative funding highlights growing uncertainty among traders.

On-chain data suggests larger investors have continued buying despite recent price weakness.

According to Santiment, wallets holding 1 million to 10 million ADA and 10 million to 100 million ADA have accumulated approximately 120 million ADA since Monday.

Meanwhile, wallets containing 100,000 to 1 million ADA have shown relatively little activity.

The selective accumulation by larger holders may indicate confidence in Cardano’s longer-term outlook, although the buying has not yet been strong enough to trigger a broader shift in market sentiment.

ADA remains below major moving averages

From a technical standpoint, Cardano continues to trade within a broader bearish structure.

ADA remains below the 50-day EMA ($0.176), the 100-day EMA ($0.202), and the 200-day EMA ($0.267)

The inability to reclaim these levels suggests sellers remain in control of the medium-term trend.

Technical momentum indicators point to a market lacking clear direction. The Relative Strength Index (RSI) is hovering near 48, reflecting balanced buying and selling pressure without a strong trend.

Meanwhile, the Moving Average Convergence Divergence (MACD) remains slightly above the zero line, suggesting that although occasional recovery attempts continue, bullish momentum remains relatively weak.

Adding to the technical challenge, a previously broken long-term downtrend line near $0.197 has now become a significant resistance level.

For bullish momentum to strengthen, ADA must first overcome several nearby resistance levels, including $0.176 (50-day EMA) and $0.197 (former long-term trendline resistance).

A sustained move above these barriers would improve Cardano’s short-term outlook.

On the downside, traders are watching:

• $0.150 – Immediate horizontal support
• $0.138 – Key Fibonacci support

A break below $0.138 could expose ADA to fresh lows and reinforce the broader bearish trend.

Cardano continues to face selling pressure after failing to reclaim the 50-day EMA, while mixed derivatives signals reflect uncertainty among market participants.

For now, ADA’s ability to hold above $0.150 while reclaiming the $0.173-$0.176 resistance zone will likely determine whether the token can build a stronger recovery or extend its recent decline.

The post Bears maintain control for ADA as mixed derivatives signal market uncertainty appeared first on CoinJournal.

Key takeaways

• Zcash (ZEC) is trading above $500 but continues to face selling pressure beneath a descending resistance trendline.
• The token remains above its 50-day EMA at $489 and 200-day EMA at $407, preserving its longer-term bullish structure.
• Technical indicators show mixed signals, with the RSI near neutral and the MACD slipping below zero.

Zcash (ZEC) extended its recent pullback on Thursday, trading above the $500 level as sellers continued to defend a key descending resistance trendline.

Although short-term momentum has weakened, the privacy-focused cryptocurrency remains above important long-term support levels, suggesting that the broader uptrend has not yet been invalidated.

Descending trendline limits upside

ZEC has struggled to overcome a descending trendline that currently sits near $581. Repeated rejections at this resistance level indicate that sellers remain active during rallies, preventing the token from extending its previous bullish advance.

Despite the recent weakness, Zcash continues to trade above both its 50-day Exponential Moving Average (EMA) at $489 and the 200-day Exponential Moving Average (EMA) at $407

Holding above these moving averages suggests that buyers still retain control of the longer-term trend, even as short-term momentum cools.

Momentum indicators currently provide a balanced outlook for Zcash. The Relative Strength Index (RSI) is hovering around 52, remaining close to the neutral 50 level. This indicates that neither buyers nor sellers have established clear dominance, reflecting a period of consolidation.

Meanwhile, the Moving Average Convergence Divergence (MACD) has slipped below the zero line, signaling that bullish momentum has weakened in the near term.

While the MACD points to increasing downside pressure, the broader market structure remains constructive as long as key support levels continue to hold.

Key resistance levels

The first major challenge for ZEC is the descending resistance trendline near $581. A successful breakout above this barrier would strengthen the bullish outlook and could pave the way for a retest of the previous swing high around $690.

Reclaiming these levels would signal renewed buying interest and potentially restart the broader uptrend.

On the downside, the 50-day EMA at $489 serves as the most important immediate support.

A sustained move below this level could expose ZEC to additional selling pressure, although the 200-day EMA at $407 remains a strong longer-term support zone that could attract buyers if the correction deepens.

Zcash remains in a healthy long-term uptrend despite its recent pullback. While weakening momentum and resistance around $581 continue to cap gains, the token’s ability to remain above both its 50-day and 200-day EMAs suggests that the broader bullish structure remains intact.

A decisive break above the descending trendline would likely shift momentum back in favor of buyers, while a loss of support at the 50-day EMA could trigger a deeper correction before the next upward move.

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