Kategorie: Crypto Analysis

Key takeaways

• PI is up by 2% in the last 24 hours and maintains its value above $0.1500.
• The momentum indicators suggest a potential recovery in the near term. 

Pi Network trades steadily above $0.1500 on Friday as recent exchange data points to mild accumulation activity. 

While the token continues to face resistance near $0.1550, declining selling pressure and growing CEX outflows are supporting a cautiously bullish short-term outlook.

CEX outflows signal growing demand for PI

A decline in token balances on Centralized Exchanges (CEXs) is often viewed as a positive sign, as it suggests investors are moving assets into private wallets rather than preparing to sell.

According to PiScan data, roughly 400,000 PI tokens were withdrawn from exchanges over the past 24 hours. 

The steady reduction in exchange reserves may indicate renewed short-term demand and could help fuel Pi Network’s next recovery attempt if the trend continues.

PI technical analysis: PI faces key resistance near $0.1550

The PI/USD 4-hour chart remains bearish despite the positive performance today. At the time of writing, PI trades around $0.1536, remaining below both the 50-period Exponential Moving Average (EMA) at $0.1573 and the 200-period EMA at $0.1680.

For bullish momentum to strengthen, PI must break above the $0.1550 resistance zone and reclaim the 50-period EMA. A successful breakout could pave the way for a move toward the 200-period EMA near $0.1680.

Technical indicators suggest sellers may be losing control in the short term. The Moving Average Convergence Divergence (MACD) indicator and its signal line continue trending upward, although both remain below the zero line. This points to a potential recovery phase within a broader bearish structure.

Meanwhile, the Relative Strength Index (RSI) hovers near the neutral 50 level, signaling balanced momentum as downside pressure gradually fades.

If the bearish trend returns, immediate support emerges at Tuesday’s low of $0.1463. A break below this level could expose PI to further weakness and potentially retest its all-time low near $0.1310.

As long as support holds and exchange reserves continue falling, traders may keep watching for signs of a bullish breakout above the $0.1550 resistance zone.

The post Pi Network holds above $0.1500 as exchange outflows hint at recovery appeared first on CoinJournal.

Key takeaways

• Celestia (TIA) climbed above $0.4400 on Friday, marking its third consecutive day of gains this week.
• The coin could extend its rally towards the $0.50 psychological level.

Celestia (TIA) climbed above $0.4400 on Friday, marking its third consecutive day of gains this week. The rally appears to be driven largely by growing retail interest and rising social media attention rather than a major fundamental catalyst.

With momentum indicators strengthening and price approaching a key resistance zone, traders are now watching whether TIA can sustain its rebound and push toward the $0.50 level.

Retail demand and social buzz boost TIA

TIA is up10% in the last 24 hours and is now trading above $0.4400 per coin. Retail participation in Celestia has surged as the token emerges as one of the stronger performers in the broader crypto market.

According to CoinGlass data, TIA’s Open Interest (OI) climbed to $68.17 million, rising more than 10% in the past 24 hours. The increase suggests growing leveraged trading activity and heightened speculative interest.

At the same time, TIA’s funding rate stands at 0.0042%, indicating traders are paying a premium to maintain long positions — a sign of bullish market sentiment.

Santiment data also highlights a sharp increase in social engagement surrounding Celestia.

The token’s social dominance rose to 0.024% of all crypto-related discussions, signaling growing attention from retail traders and online communities.

The combination of rising Open Interest and increased social buzz suggests speculative momentum is currently driving the rally.

Celestia technical outlook: Bulls regain control

The TIA/USD 4-hour chart has flipped bullish as Celestia has surged by more than 15% in the last seven days.

The rally began with a strong 6% rebound on Wednesday and has since pushed TIA above several important technical levels, including the 100-day EMA at $0.4015 and the 50% Fibonacci retracement level at $0.4104

These levels are measured from the January 13 high of $0.6257 to the February 6 low of $0.2693.

If the rally persists, the next major resistance lies between $0.4596 and $0.4722, a supply zone that previously rejected bullish attempts earlier this month.

A daily candle break above these levels could pave the way for TIA to extend its rally towards the $0.5224 resistance zone.

Technical indicators continue to favor bullish momentum. The Relative Strength Index (RSI) sits at 67, suggesting buying pressure remains healthy without entering overbought territory.

The MACD indicator is moving toward a bullish crossover as negative histogram bars continue to shrink, signaling weakening bearish momentum.

Together, these signals suggest the current recovery still has room to extend higher if buyers maintain control.

However, if TIA loses momentum near resistance, traders will likely focus on several key support zones. The first major support zone is the $0.4104 level, which served as a previous demand region.

Failure to defend this support could expose lower demand zones like the 100-day EMA at $0.4015 and the 50-day EMA at $0.3844. Holding above these levels would help preserve the token’s short-term bullish structure.

The post Celestia (TIA) extends recovery above $0.44 as retail traders fuel rally appeared first on CoinJournal.

Key takeaways

• DOGE is up by nearly 1% and is now trading above $0.10.
• The rally comes as memecoins recorded gains amid the broader crypto market recovery.

Memecoins surge higher as market rebounds

Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are extending their recovery on Thursday following recent corrections.

The positive performance comes as market sentiment helps lift major meme coins. Renewed optimism around a potential peace agreement between the United States and Iran has also contributed to the broader rebound across crypto markets.

Dogecoin is showing a very strong technical structure after rebounding from a key support zone. The coin is now approaching a major moving average level that could determine its next directional move.

Dogecoin price outlook: DOGE rebounds from key support zone

The DOGE/USD 4-hour chart is bearish and efficient despite Dogecoin adding 1% to its value. The leading memecoin faced rejection at the weekly resistance level of $0.119 last week, triggering a decline of more than 11% through Tuesday.

However, it has now bounced back above $0.10 after retesting a key support area around the previous trendline breakout zone, which aligns with the daily support at $0.102,

At the moment, DOGE is approaching the 200-day Exponential Moving Average (EMA) at $0.106.

If the memecoin closes the daily candle above the 200-day EMA, it could strengthen its bullish momentum and open the path toward a retest of the $0.119 weekly resistance.

The momentum indicators suggest that the buyers are stepping in. The Relative Strength Index (RSI) is hovering near 43, indicating neutral conditions after the recent pullback. 

Meanwhile, the Moving Average Convergence Divergence (MACD) remains in negative territory, suggesting that upside momentum is still fragile and could face resistance from overhead moving averages.

However, if the sellers return and DOGE drops below the $0.102 support, the bearish trend could push the price below the psychological level of $0.100.

Currently, DOGE remains in a short-term recovery phase, but traders are closely watching whether it can reclaim key technical levels to confirm a stronger bullish continuation.

The post Dogecoin extends recovery as meme coins regain momentum appeared first on CoinJournal.

Key takeaways

• ZEC is up 12% in the last 24 hours, making it the second-best performer in the top 10.
• The coin could rally past the $700 mark in the near term. 

ZEC rallies as broader crypto market underperforms

ZEC, the native coin of the Zcash ecosystem, is up 12% in the last 24 hours, making it the second-best performer among the top 20 cryptocurrencies by market cap.

The rally allowed ZEC to hit the $692 mark earlier today, adding 26% to its market cap so far this week.

ZEC’s rally over the past few days comes as regulatory clarity for ZCash has improved following the U.S. Securities and Exchange Commission’s announcement closing its investigation into the Zcash Foundation. 

The Zcash Foundation also reported holding approximately $36.7 million in liquid assets, mostly in ZEC, according to its Q1 update. Core technical development continues on the Zcash protocol despite organizational changes at the Electric Coin Company.

Zcash technical outlook: ZEC targets higher resistance levels above $700

The ZEC/USD 4-hour chart is extremely bullish as Zcash has only been outperformed by Hyperliquid over the last seven days. 

At press time, ZEC is trading at $655 after hitting the $692 level. The momentum indicators are extremely bullish, suggesting that the buyers are in full control. 

The RSI of 70 means that ZEC is now in the overbought region. The coin could undergo a correction, but the current momentum remains bullish. The MACD lines are also within the overbought territory.

If the rally continues, ZEC could extend its gains past $700 and hit the $745 resistance level for the first time since November. An extended rally would allow ZEC to target the $800 psychological level.

However, if the market undergoes a correction, ZEC could retest the $580 low created on Wednesday. 

Failure to defend this support level could expose ZEC to lower demand zones around $485.

The post Zcash approaches $700 as buying pressure builds appeared first on CoinJournal.

Key takeaways

• BTC remains around the $77k level after rejecting the 200-day moving average.
• The bearish performance comes as rising inflation and Treasury yields weigh on risk sentiment.

Bitcoin slipped below $77,000 earlier on Wednesday after failing to break above the 200-day moving average near $82,000, as rising inflation and tighter macroeconomic conditions weighed heavily on risk assets.

The decline comes after hotter-than-expected U.S. inflation data showed Consumer Price Index (CPI) growth accelerating to 3.8% year-over-year. At the same time, rising oil prices and a surge in the 10-year Treasury yield have reduced expectations for Federal Reserve rate cuts, with markets increasingly pricing in the possibility of a rate hike by December.

Bears continue to dominate the market

According to a report from K33 Research, Bitcoin’s rejection at the 200-day moving average mirrors patterns seen during previous market cycles in 2014, 2018, and 2022, when rapid rebounds were followed by sharp deleveraging-driven sell-offs.

K33 noted that those historical recoveries rebuilt trader confidence and leverage quickly, leaving markets vulnerable to aggressive corrections once momentum faded.

“A core ingredient in the ensuing legs lower was the unwind of positions built up during the rally itself,” the report stated.

However, analysts emphasized that the current cycle differs in several important ways. Bitcoin took significantly longer to revisit the 200-day moving average after breaking below it, spending 189 days before retesting the level in May. That compares with 96 days in 2014, 132 days in 2018, and 85 days in 2022.

Derivatives data suggest traders remain cautious rather than excessively bullish. Funding rates have stayed negative for 81 consecutive days, while options market skews are hovering near yearly highs, indicating persistent defensive positioning.

Institutional flows have presented a mixed picture. Global Bitcoin exchange-traded products (ETPs) recorded their largest weekly outflow of the year last week, totaling 24,303 BTC. The figure marked the ninth-largest five-day outflow since the launch of U.S. spot Bitcoin ETFs.

K33 noted that selling pressure intensified as Bitcoin approached the average ETF cost basis, a level that has historically triggered elevated outflows.

Bitcoin technical outlook: BTC consolidates around $77,000

At the time of writing, Bitcoin is hovering near $77200, slightly above the 50-day EMA at $76,743 and the 100-day EMA at $76,867. 

However, the broader trend remains constrained by the 200-day EMA at $81,845, which continues to act as a strong overhead resistance level.

This positioning suggests that while short-term buyers are attempting to stabilize price action, longer-term trend signals have yet to confirm a bullish reversal.

Technical indicators point to declining bullish momentum. The Relative Strength Index (RSI) is drifting toward the mid-40s, indicating weakening buying pressure without yet reaching oversold conditions.

Meanwhile, the Moving Average Convergence Divergence (MACD) remains firmly in negative territory, reinforcing the view that recent upward moves have lost strength following the prior rally attempt.

If the rally resumes, immediate resistance is located at the 50% Fibonacci retracement level of the recent rally around $78,962. A breakout above this zone would be needed to challenge higher levels.

However, if the selloff continues, initial support is anchored by the 50-day EMA at $76,743. A break below this level could expose Bitcoin to further losses toward the 38.2% Fibonacci retracement at $74,487.

Deeper support lies near the reclaimed trendline around $70,785, with the 23.6% retracement level at $68,950 acting as a final key cushion for the current structure.

The post Bitcoin stays around $77K after 200-day moving average rejection appeared first on CoinJournal.