Kategorie: Crypto Analysis

• Bollinger Band Trend shows shrinking momentum.
• Long/short ratio falls below 1.0 as shorts gain.
• Price risks correction toward $0.000010.

Shiba Inu (SHIB) has recorded a sharp upswing over the past week, climbing by 24% amid renewed investor appetite for meme coins.

At the time of writing, the altcoin trades at $0.00001606, rising a further 3% on the day.

However, several market indicators suggest that the rally may be losing steam.

Traders are increasingly placing bets against the token’s price, and multiple trend signals now point to weakening bullish momentum.

These developments could push SHIB into a period of consolidation or even spark a corrective move if current conditions persist.

BBTrend shows a decline in upward momentum

One of the most widely watched indicators for Shiba Inu’s price movement is the Bollinger Band Trend (BBTrend), which measures volatility and trend strength.

While SHIB has continued to rise in the short term, the shrinking BBTrend suggests the buying pressure that fuelled its recent rally is beginning to fade.

A loss in BBTrend strength often precedes either a price consolidation phase or a downward retracement.

If this pattern continues, SHIB could lose a portion of its recent gains and struggle to maintain its current valuation range.

Traders favour short positions as confidence dips

Further data from Coinglass shows that traders are turning increasingly bearish.

Since May 6, SHIB’s long/short ratio has remained below 1.0, with the latest reading at 0.96.

This ratio compares the number of long positions (betting the price will rise) to short positions (betting it will fall).

A value below 1.0 suggests that more traders are shorting SHIB than going long.

This growing short interest highlights a decline in market confidence.

It suggests that investors believe SHIB may not sustain its recent upward trajectory and are positioning for a downside correction.

CMF indicator signals declining buying pressure

The Chaikin Money Flow (CMF), another momentum indicator that tracks the flow of money in and out of an asset, also supports the bearish narrative.

SHIB’s CMF has been falling steadily and is currently close to breaking below the neutral zero line.

If the CMF dips below zero, it would indicate that selling pressure has overtaken buying pressure, often a precursor to a price decline.

Such a shift could push SHIB’s price lower in the near term, particularly if combined with rising short interest and weakening BBTrend signals.

SHIB is at a crossroads between consolidation and breakout

Despite the bearish indicators, SHIB’s price still holds above key support levels.

If broader crypto market sentiment improves or meme coin demand returns, the token could still attempt another leg higher, with the next major resistance seen near $0.000019.

On the downside, if current momentum continues to weaken, SHIB could slide back toward $0.000010 — erasing much of last week’s gains.

The direction will likely depend on how sentiment evolves in the coming days and whether short sellers continue to dominate order books.

The post Shiba Inu price rises 24% in 7 days, but short interest hints at reversal risk appeared first on CoinJournal.

• Lending protocols post 78.86% monthly TVL growth.
• Binance supports Sui airdrops and Alpha Points farming.
• Mojito Loyalty launches for real-world brand rewards.

The Sui blockchain is gaining momentum in decentralised finance (DeFi) and real-world Web3 applications, with its total value locked (TVL) in DeFi rising to $2.093 billion.

This marks a 2.12% increase in the past 24 hours, as data points to accelerated user activity across lending platforms and Web3 integrations.

As competition between Layer-1 chains intensifies, Sui’s performance highlights its growing relevance as a Solana alternative, backed by a surge in liquidity, token listings, and enterprise adoption.

The network’s standout DeFi protocol, NAVI, and platforms like Mojito are playing key roles in driving this growth.

NAVI token listings lift Sui ecosystem liquidity

NAVI Protocol, the largest lending and borrowing platform on Sui, has led recent growth within the chain’s DeFi sector.

Its native token, NAVX, has been listed on Binance Alpha following an earlier debut on OKX.

These listings have improved NAVX liquidity, making it easier for users to engage with staking and borrowing features on the Sui chain.

Binance has also pledged support for Sui ecosystem asset airdrops for active traders.

The exchange’s low-slippage trading environment and integration of Alpha Points farming have made NAVX more accessible to users seeking yield strategies within the Sui ecosystem.

NAVI’s visibility on top exchanges is helping to position Sui as a competitive Layer-1 network alongside Solana, Avalanche, and Near, while fuelling growth across DeFi markets.

Mojito Loyalty platform targets $155b loyalty market

Sui’s appeal extends beyond DeFi. Mojito, a Web3 infrastructure provider best known for powering NFT platforms for brands like Mercedes-Benz and Sotheby’s, has launched Mojito Loyalty—a gamified, blockchain-based rewards system built entirely on Sui.

The platform allows brands to embed missions, on-chain rewards, and engagement tools directly into their Web2 interfaces without requiring extra wallets or third-party dashboards.

Mojito Loyalty has already seen early success with partners such as Cur8, which reported over 1,400 user missions completed within weeks of launch.

With the global loyalty market projected to hit $155 billion by 2029, Mojito’s Web3-native, white-label solution provides a decentralised alternative to traditional CRM systems.

Its integration with Sui’s scalable infrastructure ensures seamless, cost-effective engagement for brands.

SUI price drops despite ecosystem expansion

Despite strong growth in TVL and new integrations, the SUI token is currently trading at $3.91, down 2.13% over the past 24 hours.

While this decline contrasts with its ecosystem expansion, analysts suggest continued utility growth may drive long-term demand.

Data from DefiLlama shows Sui lending protocols have recorded a 78.86% increase in TVL in the past month, contributing to the broader $2.093 billion now locked across its DeFi platforms.

Rising incentives, favourable yields, and user-friendly designs have made Sui an increasingly attractive option for both institutional and retail DeFi participants.

As market volatility continues to affect short-term token prices, the underlying adoption metrics across Sui suggest it is well-positioned for sustained traction in both the financial and commercial blockchain sectors.

The post Sui DeFi TVL hits $2.093B, up 2.12% in 24h as ecosystem expands appeared first on CoinJournal.

• MACD crossover supports bullish trend continuation.
• XRP holds key support at $2.50, eyes $2.71 price target.
• A break below $2.50 could push the price down to $2.29.

XRP has declined slightly to $2.54 in the past 24 hours, but rising open interest signals that traders may be preparing for a potential rebound.

According to derivatives data, open interest in XRP futures has surged to $5.51 billion, its highest level in three months, suggesting increased speculative activity and renewed bullish pressure even as the price cools.

Open interest refers to the total number of active derivative contracts that have not yet been settled.

When it rises alongside—or in spite of—price fluctuations, it often indicates new capital entering the market and a build-up of leveraged positions.

Despite the mild price correction, market participants appear to be positioning for a larger move.

MACD indicator shows a bullish setup

Technical analysis further supports the case for an extended rally.

The Moving Average Convergence Divergence (MACD) indicator, a widely followed tool to assess market momentum, shows XRP’s MACD line well above its signal line.

This type of crossover is considered a bullish trigger by many traders.

The positive MACD setup suggests that buyers are currently in control.

If momentum continues to build, XRP could attract more volume, increasing the likelihood of a price breakout above the current range.

That said, this scenario would only remain valid if the token avoids slipping below key support levels.

Support at $2.50 remains crucial

XRP’s short-term outlook will hinge on its ability to maintain the $2.50 support zone.

A successful retest of this level could create enough buying pressure to retest the March high of $2.71.

Such a move would further reinforce the bullish trend, especially if open interest and volume continue to rise.

However, if the price fails to hold above $2.50, there is a risk of a deeper pullback.

The next significant level of support is located at $2.29, which could act as a price floor in the event of increased selling pressure.

Traders shift focus to XRP derivatives

While much of the broader crypto market remains subdued, XRP’s outperformance has shifted attention to its derivatives market.

The sharp rise in open interest reflects a renewed appetite for speculative positioning, particularly among traders looking to capitalise on short-term price moves.

The rally also arrives at a time when XRP has remained largely range-bound for several weeks.

The recent uptick in derivatives participation may signal a change in sentiment, with institutional and retail investors seeking exposure through leveraged instruments.

As always, the sustainability of the rally will depend on several external factors, including broader market sentiment, regulatory developments around Ripple, and macroeconomic cues.

But with open interest climbing and bullish technical patterns in place, XRP could continue to lead gains, at least in the near term.

The post XRP price dips to $2.54 but open interest hits $5.49B, signalling bullish pressure appeared first on CoinJournal.

• Curve Finance DNS hijack redirected users to a malicious clone site.
• CRV price has slid about 7.7% as investors panicked and dumped tokens.
• Curve Finance plans migration from DNS to ENS to enhance front-end security.

Late on May 12, Curve Finance warned in an X post that its “curve.fi” domain might be hijacked, and users were urged to avoid the site altogether.

Seems like https://t.co/vOeMYOTq0l DNS might be hijacked. Don’t interact!

— Curve Finance (@CurveFinance) May 12, 2025

According to an update issued by Curve Finance on X, the attackers rerouted the official Curve website’s DNS entries to a front-end clone designed to drain wallets through a deceptively simple drainer link embedded in the page.

While the platform’s smart contracts remain unaffected and secure, the compromised domain now points to an IP address controlled by malicious actors.

Wallet providers such as Phantom swiftly responded by blocking the “curve.fi” address and displaying prominent warnings to users attempting to connect.

Following the attack, Curve Finance has opened a full investigation, engaging security partners and its domain registrar to recover control and restore the genuine site.

Curve DAO (CRV) token price dips

In the wake of the DNS attack, CRV’s price has slipped to around $0.7231 on the CoinMarketCap live chart, marking a 7.7% decline over the past 24 hours as panic spread among investors.

As the price drops, trading volume has surged to over $188 million as holders raced to exit positions amidst the unfolding security crisis.

In addition, the token’s market capitalisation has fallen to roughly $973.1 million, underscoring the tangible impact of off-chain vulnerabilities on on-chain assets.

Although Bitcoin’s own retreat from $105,000 to $102,000 contributed to some downward pressure, analysts agree that the DNS incident served as the primary catalyst for the Curve DAO (CRV) sell-off.

Technical indicators show CRV revisiting price ranges last seen prior to the recent China-US trade deal, reflecting heightened volatility and investor concern.

It’s the second time Curve Finance is facing a DNS attack

The May 13 attack marks Curve Finance’s second front-end DNS breach, following a similar incident in July 2023 when around $61 million was siphoned before containment.

On that occasion, Binance froze more than $450,000 after the culprit attempted to launder funds through its exchange, while Fixed Float recovered about 112 ETH.

Curve subsequently changed DNS providers and advised users to revoke all approvals tied to the compromised domain, but front-end risk remained unaddressed.

The protocol’s social media channels have also been targeted, with its X account briefly hijacked on May 5 to post phishing links before being reclaimed on May 6.

Yesterday, the official @CurveFinance X account was compromised. As you already know, access has been fully restored.

To clarify: the incident was limited strictly to the X account. No other Curve accounts were affected. No security issues were found on our side, no user funds… https://t.co/8bci75uZGr

— Curve Finance (@CurveFinance) May 6, 2025

While Curve Finance has reiterated that no user funds were impacted, the cumulative sequence of breaches has eroded user trust in the platform’s external infrastructure.

Users have voiced frustration at Curve’s inability to secure its public-facing layers despite robust on-chain protocols, with one commenter noting that “secure contracts don’t matter much when the domain itself is the weak link.”

Security experts emphasise that front-end vulnerabilities pose existential risks for DeFi, as wallet connections and transaction approvals are mediated through user interfaces.

Industry peers are monitoring Curve’s remediation efforts closely, understanding that a successful ENS migration could set a new standard for protocol security.

Meanwhile, investors are watching CRV’s performance for signs of recovery or further downside, with broader market conditions also playing a critical role.

Curve Finance to move from DNS to ENS

In response to the latest attack, Curve Finance confirmed plans to ditch traditional DNS in favour of the Ethereum Name Service (ENS) for its human-readable addresses.

Unlike DNS, ENS utilises smart contracts on Ethereum’s blockchain to manage naming, eliminating reliance on centralised registrars and hosting providers.

By transitioning to ENS, Curve aims to bolster front-end security and minimise the attack surface that allowed malicious actors to hijack its domain.

The switch to “curve.finance” under ENS governance represents a structural shift toward decentralisation beyond simply smart contracts.

As Curve Finance diligently works to restore its official website and complete its ENS transition, CRV’s price trajectory remains uncertain in the near term.

For now, CRV investors must navigate heightened volatility and evolving security measures as Curve Finance battles back from another front-end exploit.

The post Curve DAO (CRV) price drops as Curve Finance battles DNS attack appeared first on CoinJournal.

• 24-hour trading volume spikes to $1.63 billion.
• One transaction moved 90M PI tokens.
• Core Team announcement expected on May 14.

Pi Network (PI) has lost a quarter of its value in a single day, retreating from highs of $1.40 to around $1.10 after a fresh 8 million PI tokens were unlocked into circulation.

The token’s drop, which reversed a 100% rally just hours earlier, has placed renewed focus on its volatile trading activity and the upcoming 13 million token unlock scheduled for May 15 — a supply event that could add further downside pressure.

The abrupt decline began shortly after a week of intense trading interest.

On some exchanges, PI rose from around $0.70 to $1.29 and briefly peaked at $1.40 before retracing.

Source: CoinMarketCap

The surge saw a 24-hour trading volume of roughly $1.63 billion, propelled by significant on-chain activity.

One transaction alone involved 90 million PI tokens, indicating the growing influence of whale trades on short-term market direction.

Token unlock triggers sell-off

The May 11 sell-off coincided with the scheduled release of 8 million previously locked tokens, adding fresh supply into the market.

While token unlocks are routine for most crypto projects, the scale of this release triggered an immediate reaction from traders who rushed to offload positions in anticipation of dilution.

Pi Network’s upcoming May 15 unlock could introduce an even greater 13 million PI tokens to exchanges.

This has raised concerns among investors about whether the platform’s demand-side fundamentals can absorb such increases in circulating supply without further price erosion.

Some analysts note that unless the Pi Core Team makes a significant announcement before or during the May 15 unlock, PI’s price could test support zones near $0.80 or even $0.60.

The possibility of a cascade sell-off has grown more likely in the absence of new utility updates or listings.

Rumours and upcoming update

Despite the steep correction, community speculation remains active around a potential listing of PI on centralised exchanges.

Over the past week, rumours surfaced about an imminent Binance listing, which contributed to the surge in both price and volume. These rumours remain unverified at the time of writing.

Adding to the speculation is an expected statement from the Pi Core Team scheduled for May 14.

Details about the nature of this update have not been disclosed, but the timing — just one day before the next major token unlock — has led to expectations of either a product rollout, exchange partnership, or mainnet progress report.

Many in the community consider the upcoming announcement as a make-or-break moment.

If the developers fail to meet expectations, sentiment could sour further, increasing the likelihood of sustained price weakness through the second half of May.

Volatility highlights price discovery

While Pi Network’s volatility has unsettled some traders, others argue that PI is still undergoing price discovery — a common phase in the lifecycle of emerging crypto assets.

During this period, large fluctuations are not unusual as the market searches for fair value based on supply, demand, and speculative interest.

Since trading began on centralised platforms in December 2023, PI has lacked a fully defined value range due to restricted withdrawals and limited exchange support.

As these constraints gradually lift and token unlocks proceed, the asset’s price is expected to stabilise, though near-term movements are likely to remain headline-driven.

That said, the upcoming 13 million token release will be a key test for Pi Network’s resilience. If the project can pair this with a tangible update or exchange news, it could prevent further decline.

But in the absence of such developments, traders may see deeper retracements before a new support floor is established.

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