Kategorie: Crypto Analysis

Key takeaways

• BAL is down 12% in the last 24 hours and has dropped below $0.9.
• The coin could retest the April 8 low of $0.739 if the bearish trend persists.

BAL sinks below $0.85 following Balancer hack

BAL, the native coin of the Balancer platform, has lost 5% of its value in the last 24 hours, making it one of the worst performers in the market. The bearish trend comes after Balancer, a DeFi protocol, suffered a major exploit on Monday, losing roughly $110 million in digital assets. 

According to reports, the stolen funds include osETH, WETH, and wstETH. The attacker drained 6,850 osETH, 6,590 WETH, and 4,260 wstETH from the Balancer platform. The security tool Decurity revealed that the hack occurred due to a faulty access control in its “manageUserBalance” function.

manageUserBalance in @Balancer has a faulty access check

In _validateUserBalanceOp it checks msg.sender against user supplied op.sender. It allows to execute UserBalanceOpKind.WITHDRAW_INTERNAL (kind = 1) https://t.co/UBUdD8RGsa pic.twitter.com/KlaYPv56bf

— Defimon Alerts (@DefimonAlerts) November 3, 2025

The vulnerability allowed the attacker to trigger internal balance withdrawals from Balancer’s smart contracts without proper permissions.

BAL could slip below $0.8 if the selloff continues

BAL has lost 12% of its value since the report of the hack on Monday, with the coin losing a crucial daily support level at $0.915. The BAL/USD 4-hour chart has switched bearish and inefficient following the swift selloff recorded by the pair.

The technical indicators are also bearish, suggesting heavy selling pressure. The RSI on the daily chart reads 43, below the neutral 50 and in a bearish zone. The MACD lines also crossed over into the negative zone over the weekend, suggesting a bearish bias.

After dropping below the $0.9150 support, the bulls would need to defend the next major resistance level at $0.735. This support level has held since April 8, and failure to defend this could trigger a yearly low for BAL.

However, if BAL recovers from this selloff, it will need to push above the support-turned-resistance level of $0.9150 over the next few hours or days. This would allow it to push above $1.0 psychological level once again.

The post Balancer dips below daily resistance level, eyes April 8 low appeared first on CoinJournal.

Key takeaways

• Ether is down 6% in the last 24 hours and is now trading around $3,500.
• The coin could retest the daily resistance at $3,350 in the near term.

Ether slips to $3,500

Ether, the second-largest cryptocurrency by market cap, has lost 6% of its value in the last 24 hours and is now trading at $3,502 per coin. The bearish performance comes as the broader cryptocurrency market continues to bleed.

The coin’s negative trend also comes despite Ethereum treasury firm BitMine Immersion (BMNR) announcing on Monday that it added 82,353 ETH to its balance sheet. The latest acquisition means that BitMine’s holdings have climbed to 3.39 million ETH or 2.8% of ETH’s circulating supply. 

While commenting on the acquisition, BitMine’s chairman Thomas Lee stated that,

Ethereum fundamentals continue to strengthen at an accelerating pace, with stablecoin supply on ETH rising >15% in the past 8 weeks and application [revenue] reaching an all-time high. Most of the time, price leads fundamentals, but at times fundamentals drive ahead, and price converges higher.

BitMine intends to acquire 5% of ETH’s circulation. It is currently the leading company with Ether holdings, ahead of SharpLink Gaming (SBET), which holds 859,395 ETH, and The Ether Machine (ETHM) with 496,712 ETH.

Ether could retest the daily support at $3,350

The ETH/USD 4-hour chart is bearish and efficient as Ether has underperformed in recent weeks. Ethereum saw $292.6 million in liquidations over the past 24 hours, led by $269.2 million in long liquidations, as traders took a massive hit.

The technical indicators are currently bearish, suggesting further selling pressure. The RSI on the daily chart of 43 is below the neutral 50, indicating a bearish bias. The MACD lines also crossed over into the negative zone over the weekend, flashing selling signals to traders.

If the selloff continues, ETH could retest the daily support at $3,350, last touched on August 2nd. However, if the bulls regain control of the market, ETH could recover above $3,700 before eyeing the major resistance level at $3,900.

The post Will Ether test the daily resistance at $3,350? Check forecast appeared first on CoinJournal.

Key takeaways

• DOGE is the worst performer among the top 10 cryptocurrencies by market cap, down 7.5% in the last 24 hours.
• The bearish performance comes as BTC and other major cryptos underperform.

DOGE leads the market flush

The cryptocurrency market has underperformed over the weekend, with Bitcoin’s price dropping below the $108k mark. As usual, memecoins suffered the heaviest blow, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) all recording huge losses in the last 24 hours. 

On-chain and derivatives data suggest that large wallet investors and retailers are reducing their risk exposure to Dogecoin and other leading memecoins, boosting the supply pressure. 

Data obtained from CoinGlass shows the futures Open Interest (OI) for Dogecoin, the notional value of all outstanding futures contracts, is down by 2% over the last 24 hours, reaching $1.70 billion. A decline in OI value suggests that the traders are reducing risk exposure by lowering leverage or closing positions. 

Furthermore, on-chain data reveal that interest from large wallet investors is decreasing in memecoins. DOGE investors with over 100 million tokens have remained flat since the start of the month. 

DOGE could retest the monthly support at $0.15

The DOGE/USD 4-hour chart is bearish and inefficient as the memecoin has failed to rally in recent weeks. The technical indicators are extremely bearish at the moment, suggesting further selling pressure.

At press time, DOGE is trading at $0.175, down 7.5% in the last 24 hours. The bulls failed to hold the price above the $0.17816 support level, marked by the October 11 low, with current price action suggesting further downward movement. 

A daily close below this level could see DOGE dip towards the $0.15009 level, marked by the October 10 crash. The MACD lines are within the negative territory, while the RSI of 40 both suggests a bearish bias. 

However, if the bulls push DOGE’s price above the $0.17819 level by the end of the day, the memecoin could hit Sunday’s high at $0.18884 over the next few hours.

The post Dogecoin dips by 7% as whale interest fades; Check forecast appeared first on CoinJournal.

Key takeaways

• BTC is down 3% in the last 24 hours and is now trading below $108k.
• The bearish performance comes as momentum in the market continues to weaken.

Bitcoin slips below $108k

The cryptocurrency market is opening the weekly candle bearish, with Bitcoin and other major cryptocurrencies suffering huge losses in the last 24 hours. Bitcoin has lost 3% of its value since Sunday and is now trading at $107,500 per coin.

Other leading cryptocurrencies, including Ether, XRP, and BNB, are all trading in the red as momentum in the market continues to weaken. 

BTC’s price faced rejection at the 78.6% Fibonacci retracement level at $115k last week as the Fed rate cut failed to spur a rally. It has lost over 7% of its value since then and could dip lower if the bearish trend continues. 

The recent bearish trend comes as the Fed chair Jerome Powell quenched expectations of a December rate cut during his press conference last week. According to Powell, the tariffs continue to affect prices, and this could see the Fed leave interest rates unchanged for a while.

BTC could dip below $107k as bearish momentum strengthens

The BTC/USD 4-hour chart remains bearish and efficient as Bitcoin has lost 3% of its value in the last 24 hours. The technical indicators are currently bearish, with further selling pressure expected in the market.

The RSI of 45 is below the neutral 50, suggesting that sellers are currently in control of the market. The MACD lines are also below the positive zone, indicating a bearish bias.

If the selloff continues, Bitcoin’s price could drop to the $106k level over the next few hours. An extended bearish trend would see BTC drop to he major support level at $103,571.

However, if the bulls regain control of the market, Bitcoin could reclaim the first major resistance level at $111,370. Last week’s high of $116,447 remains unlike at the moment due to the heavy selling pressure.

The post Bitcoin price forecast: BTC could face further correction as momentum weakens appeared first on CoinJournal.

• Shiba Inu price is rising amid ETF speculation and whale accumulation signs.
• Shibarium activity has, however, plunged 82%, weakening token utility and burns.
• Key support at $0.0000095 could decide SHIB’s short-term direction.

Shiba Inu price has bounced back following a wave of renewed institutional attention sparked by crypto ETF speculation, though its long-term outlook remains mixed.

The SHIB token has climbed 3% today, outpacing the broader crypto market’s 2.03% gain, as traders reacted to T. Rowe Price’s proposed $1.6 trillion Active Crypto ETF filing — a move that officially lists Shiba Inu among potential holdings.

Despite the short-term rebound, the broader memecoin trend still shows signs of strain, with on-chain weakness, declining network activity, and lingering security concerns tempering optimism about a sustainable recovery.

Beneath the headlines, supply and liquidity metrics paint a more cautious picture.

Exchange reserves have also fallen sharply after an 84.55 trillion token decline from September 2024 to September 2025.

Such a supply shock often foreshadows short-term spikes as available sell pressure thins, but those same withdrawals raise volatility risk and can amplify swings if whales decide to redeploy balances into markets rather than hold.

Whales, Shibarium and the possibility of dropping another ‘zero’

Technical indicators tell a nuanced story.

SHIB found support near the 61.8% Fibonacci retracement and bounced from a key area around $0.0000095–$0.0000098, with the RSI sitting near 30 and the MACD histogram recently turning positive.

Short-term projections point to $0.00001078 and higher if buyers can clear immediate resistance at the 7-day and 30-day SMAs.

However, resistance remains stiff, and the 200-day and 30-day moving averages present obstacles that could stall rallies.

At the same time, on-chain fundamentals and development metrics limit conviction.

Shibarium activity cratered in October after a reported 82% decline in daily transactions, undercutting burn mechanics and utility-driven demand.

Token burn totals collapsed from tens of millions earlier in the week to just 2.57 million SHIB on October 31.

Combined with falling whale holdings and low open interest, that deterioration makes a sustained, ETF-fueled rally less certain and raises the possibility that SHIB might slide another decimal place if market conditions sour.

Compounding the uncertainty is a security incident: multiple signer keys associated with ShibaSwap appear compromised, and estimated losses approached $2.8 million in that event.

The project’s community response and any follow-up audits will be closely watched, because governance and custody issues can quickly sap institutional appetite for memecoins despite ETF windows.

Key Shiba Inu price levels to watch

Short-term traders should focus on whether SHIB can hold the $0.0000095 support and reclaim the $0.0000102–$0.0000109 zone on stronger volume.

On the other hand, longer-term traders should watch ETF progress, on-chain activity, and governance fixes to gauge whether Shiba Inu can move past its memecoin label and attract meaningful institutional flows.

A failure to cement technical gains or to restore Shibarium utility could mean SHIB slips toward another decimal decline, even as crypto ETFs keep the narrative alive.

The post Shiba Inu price forecast: SHIB could drop further amid the crypto ETF buzz appeared first on CoinJournal.