Kategorie: Crypto Analysis

Key takeaways

• ADA is down 4% in the last 24 hours and is now trading below $0.37.
• The bearish trend could see ADA decline below the $0.30 psychological level.

Cardano’s on-chain shows further bearish movement

Cardano’s ADA is down by 4% in the last 24 hours, making it one of the worst performers among the top 10 cryptocurrencies by market cap. The bearish performance comes amid poor on-chain data.

According to Santiment’s Social Dominance metric for Cardano, the current outlook for the cryptocurrency remains bearish. The index measures the share of ADA-related discussions across the cryptocurrency media. 

This metric has consistently declined since mid-November, reaching an annual low of 0.032% on Thursday. This dip indicates fading market interest and weakening sentiment among Cardano investors.

As more traders move their coins from wallets to exchanges, ADA continues to face selling pressure as investors decrease their exposure to the market. 

On the derivatives aspect, data also supports a further bearish outlook for ADA. Coinglass’s OI-Weighted Funding Rate data show that the number of traders betting that the price of ADA will decrease as more traders expect a price decline in the near term. 

The OI-Weighted Funding Rate turned negative on Thursday, down 0.0019%, suggesting that shorts are paying longs. If this metric flips negative, ADA usually faces heavy selling pressure. 

ADA could retest $0.30 as bears remain in control

The ADA/USD 4-hour chart is bearish and inefficient as Cardano has underperformed over the past few days. The coin faced rejection from the upper trendline of the falling wedge pattern on December 9 and has lost 22% of its value since then.

At press time, ADA is trading at $0.36 and could dip lower in the near term. If ADA continues its downward trend, the bears could push the price towards the October 10 low of $0.27. 

The Relative Strength Index (RSI) on the 4-hour chart reads 31, nearing oversold territory, indicating strong bearish momentum. Furthermore, the Moving Average Convergence Divergence (MACD) indicator showed a bearish crossover on Monday, further supporting the negative outlook.

If the bulls regain momentum, ADA could rally towards the 50-day EMA at $0.47 over the next few days.

The post ADA could slip below $0.30 as bearish momentum builds appeared first on CoinJournal.

Key takeaways

• BTC is up by less than 1% and is trading above $87k.
• The market is preparing for the CPI data release in a few hours. 

Bitcoin trades above $87k

The cryptocurrency market has been choppy since the start of the week, with most coins and tokens currently trading in the red. Bitcoin is trading at $87k after losing the $90k psychological level earlier this week.

The bearish performance comes ahead of the release of the CPI data in the United States later today. U.S. inflation data for November, expected to show a 3.1% increase in CPI, could influence Federal Reserve interest rate decisions.

With the October CPI absent due to the government shutdown, the November CPI will give investors a fresh look at price pressure.

Some analysts are optimistic that Bitcoin could experience a temporary relief in the near term. Nick Forster, Founder at the onchain options platform, Derive.xyz, stated that,

“BTC positioning remains decisively bearish. 30-day BTC volatility has climbed back toward 45%, while skew hovers around -5%. Longer-dated skew is also anchored around -5%, signalling that traders are pricing continued downside risk through Q1 and Q2, as ongoing sell pressure from previously inactive wallets weighs on spot prices.”

The analyst added that for BTC, the probability of reaching $100K sits near 30%, while the chance of reclaiming all-time highs remains around 10%.

BTC could risk a deeper correction

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed over the past few days. The bearish performance comes after Bitcoin’s price faced a rejection from a descending trendline on Friday and has lost 7% of its value since then.

The leading cryptocurrency retested the $85k support level on Wednesday but has bounced back and is now trading above $87k per coin. 

If the correction continues and Bitcoin closes the daily candle below the $85,569 support, Bitcoin could extend the decline toward the psychological $80,000 level.

The Relative Strength Index (RSI) on the daily chart is at 41, below its neutral level of 50, indicating bearish momentum gaining traction. Moreover, the Moving Average Convergence Divergence (MACD) lines are also within the bearish region. 

However, if BTC recovers and closes above $85,569, it could extend the rally towards the resistance level at $94,253.

The post Bitcoin eyes $90k ahead of CPI: Check forecast appeared first on CoinJournal.

Key takeaways 

• BTC is up 1.5% in the last 24 hours and is now trading above $87k per coin.
• The performance comes despite the bearish sentiment in the broader crypto market.

Bitcoin recaptures $87k

The cryptocurrency market is bullish on Wednesday following a poor start to the week, with Bitcoin, Ether, and XRP currently in the green. The price action for the top three cryptocurrencies remains weak, but they could record temporary relief over the next few hours.  

Bitcoin, the leading cryptocurrency by market cap, is trading above $87k per coin but could record further losses in the near term. In an email to Coinjournal, Nic Puckrin, investment analyst and co-founder of the Coin Bureau, believes that the market could face further selling pressure over the next few days. Nic added that,

“Bitcoin is in the red once again – a chart that is becoming all too familiar as a disappointing Q4 draws to a close. Having fallen to around $86,000, BTC is now knocking on the door of its 100-week moving average – a strong support level that sits around $84,800. And, once again, AI bubble fears and concerns over future monetary policy appear to be to blame.” 

Bitcoin could extend its correction in the near term

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed since the start of the week. Bitcoin’s price faced rejection on Friday and has lost 7% of its value since then. 

BTC retested the $85,569 support level on Monday, with the level holding, allowing BTC to hit the $87,500 level on Wednesday. 

If the correction continues and the daily candle closes below the $85,569 support, Bitcoin could extend the decline toward the psychological $80,000 level.

The Relative Strength Index (RSI) on the 4-hour chart is at 38, below its neutral level of 50, indicating bearish momentum gaining traction. Moreover, the Moving Average Convergence Divergence (MACD) lines have converged, adding a bearish narrative to the chart. 

However, if the bullish trend resumes, Bitcoin could rally towards the 61.8% Fibonacci retracement level at $94,253.

The post Bitcoin price forecast: BTC above $87k but sentiment remains bearish appeared first on CoinJournal.

Key takeaways

• HYPE is up by less than 1% and is trading at $27 per coin.
• The coin could reclaim the $30 psychological level amid plans to burn the assistance fund

Hyperliquid looks to burn assistance funds

HYPE, the native coin of the Hyperliquid DEX, is up by less than 1% in the last 24 hours, making it one of the best performers among the top 20 cryptocurrencies by market cap.

The positive performance comes as Bitcoin, XRP, and Ether are all trading in the red. It also comes as the Hyperliquid Foundation announced plans to permanently remove 37.11 million HYPE tokens from circulation, representing 3.71% of the total supply.

The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply.

For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part…

— Hyper Foundation (@HyperFND) December 17, 2025

The tokens are stored in its assistance fund address, and they will automatically convert the trading fees collected by the perpetual-focused exchange to purchase its native token. 

According to the team, the absence of a private key meant that the assistance fund address was never controlled, and a hard fork was necessary to access the funds. With the voting currently ongoing, if the community approves the proposal, it will establish a social consensus that no protocol upgrades are to access this address. 

However, the derivatives data show that traders are becoming bullish on this cryptocurrency. CoinGlass data reveals that the Open Interest (OI) surged by 1.63% in the last 24 hours to $1.53 billion, indicating a rise in the notional value of active positions.

The increase of HYPE’s OI-weighted funding rate to 0.0839% also shows that there is a surge in buying pressure, adding more confluence to the bulls. 

HYPE could recapture $30 soon

The HYPE/USD 4-hour chart is bearish and efficient after losing 4% of its value in the last seven days. At press time, HYPE is trading above the $26 support level.

The news of a potential burn hasn’t been priced in, and this could push HYPE’s price over the next few days. 

However, failure to close the daily candle fails to close above the $26 support, HYPE could extend its decline to the October 10 low near $20. 

The RSI of 40 is below the neutral 50 but shows a fading bearish momentum. The Moving Average Convergence Divergence (MACD) and the signal line extend the declining trend, suggesting that the bears haven’t given up yet. 

On the flip side, if the bulls continue the recovery and HYPE’s daily candle closes above $26, the coin could rally towards the $34 resistance level.

The post Hyperliquid price prediction: HYPE eyes the $30 resistance appeared first on CoinJournal.

Key takeaways

• Stellar’s XLM is down 3.4% and is now trading around $0.22.
• Derivatives data signals a bearish positional buildup, with further downside expected in the near term.

XLM derivatives suggest further bearish price action

Stellar (XLM) is trading in the red zone for the seventh consecutive day, losing 3.4% of its value in the last 24 hours. The bearish performance comes as the broader cryptocurrency market is bleeding, with XLM now expected to retest the April low in the near term. 

XLM’s derivatives data shows that the bearish trend could grow thicker. Data obtained from CoinGlass shows that XLM futures Open Interest (OI) is in a largely declining trend, at $118.43 million, down from $124.72 million recorded yesterday. 

The declining OI suggests a decline in the notional value of XLM futures, with the total value of all active positions (long and short) currently on the decline. 

With XLM declining,  long liquidations over the last 24 hours totaled $406,740, outpacing short liquidations of $6,040. The long-to-short ratio chart shows that short positions increased to 53.37% today, up from 50.57% recorded on Monday. 

XLM could decline below the $0.20 psychological level

The XLM/USD 4-hour chart is bearish and inefficient as Stellar has underperformed over the last seven days. The coin is currently trading at $0.222, retesting the June low of $0.217.

If the bearish trend continues, XLM could drop below the $0.2001 level marked by the April 7 low. An extended bearish trend could see the cross-border remittance token aim for the support at $0.1642, followed by the annual low of $0.1600. 

Currently, the technical indicators are bearish, suggesting that sellers are in control. The Relative Strength Index (RSI) is at 35, pointing toward the oversold zone. Furthermore, the Moving Average Convergence Divergence (MACD) is falling steeply after crossing below the signal line a few hours ago.

However, if the bulls regain control, XLM could flip the bearish narrative and retest the $0.2579 support-turned-resistance.

The post Stellar Lumen price prediction: XLM retests the June low, eyes further dip appeared first on CoinJournal.