Kategorie: Crypto Analysis

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.

• Zcash price hits a new peak, flipping Monero as the top privacy coin.
• Celebrity endorsements and short squeezes fuel ZEC’s massive rally.
• Rising wedge pattern formation hints at a possible 30% correction ahead.

The Zcash price has defied the broader crypto market downturn, soaring to new heights and capturing global attention.

The ZEC price just surged to an eight-year high, marking one of the strongest rallies among major privacy coins this year.

With growing investor interest, celebrity endorsements, and accelerating adoption of privacy technologies, Zcash has reemerged as a powerful force in the cryptocurrency market.

Privacy demand ignites Zcash price rally

Zcash (ZEC) has skyrocketed 89% over the past two weeks, hitting a new all-time high (ATH) of $388 and flipping Monero (XMR) to become the most valuable privacy-focused cryptocurrency.

At a market capitalisation of around $6.2 billion, Zcash now stands as the leading altcoin in the privacy sector.

Notably, the surge in the ZEC price reflects a wave of renewed demand for privacy coins amid rising global concerns about data surveillance and financial transparency.

Over 4.5 million ZEC, roughly 28% of the total supply, are now held in shielded addresses using Zcash’s zk-SNARK privacy protocol.

This milestone marks the highest level of private holdings since 2021, signalling increased trust and usage of ZEC’s privacy technology.

Shielded coins tend to remain off exchanges longer, reducing liquid supply and adding upward pressure to the Zcash price.

Celebrity endorsements and short squeezes fuel the momentum

Besides the privacy coins demand, a significant percentage of the excitement surrounding the ZEC token can also be traced to high-profile endorsements.

Renowned investor Naval Ravikant described Zcash as “insurance against Bitcoin” in early October, triggering a massive 60% daily price jump.

Soon after, Helius co-founder Mert Mumtaz floated a $1,000 target, while BitMEX co-founder Arthur Hayes predicted that the ZEC price could rise to $10,000.

Each endorsement fueled further gains and drew new investors to the privacy coin sector.

The rally has also been amplified by an influx of short liquidations.

In the past two weeks alone, ZEC futures recorded approximately $65 million in liquidations — more than half from short positions.

This created a classic short squeeze, forcing bearish traders to close positions as prices climbed higher.

Retail investors followed suit, with Google search trends for “Zcash” spiking in late October as fear of missing out (FOMO) took hold.

The feedback loop between short liquidations and rising retail demand has propelled the ZEC token into one of the most dramatic recoveries of 2025.

Zcash price forecast

From a technical perspective, Zcash remains in a strong position but faces short-term risks.

The ZEC price trades well above its 7-day simple moving average of $332.01 and its 200-day exponential moving average near $96.68.

Indicators such as the Relative Strength Index (RSI) and MACD point to strong bullish momentum, though both are approaching overbought levels.

The current $370–$400 zone represents a critical resistance area, and a sustained breakout could set the stage for a move toward $450.

However, chart analysts have identified a rising wedge pattern — typically a precursor to corrections — that could lead to a 30% pullback toward the $260–$270 support range if momentum weakens.

The immediate support level to watch is $304.32, according to CoinLore’s analysis, which, if breached, could lead to a further decline to the next support level at $296.96, and further to the $260–$270 support range.

But despite these technical warning signs, market sentiment remains overwhelmingly positive.

Zcash’s +900% year-to-date rally demonstrates deep investor conviction and a structural shift in the market’s perception of privacy coins.

While whales have taken partial profits, on-chain data shows that the number of ZEC holders has surged by more than 60% in the past week, underscoring continued retail participation.

The post Zcash price hits new all-time high: how high can the ZEC price climb? appeared first on CoinJournal.

Key takeaways

• BTC is trading above $109k, down 5% in the last seven days.
• The demand for spot Bitcoin ETFs has declined as Powell said another rate cut in December is uncertain.

Demand for spot Bitcoin ETFs declines

The demand for spot Bitcoin ETFs has declined over the past few days amid the current financial climate. Fed Chair Jerome Powell revealed earlier this week that it remains unclear if there will be another rate cut in December.

Data obtained from CryptoQuant’s latest weekly report shows that U.S. investor demand for spot Bitcoin ETFs has cooled sharply. Spot bitcoin ETFs posted a seven-day average outflow of 281 BTC, one of the weakest readings since April. Meanwhile, Ether inflows have stalled over the last seven days.

The report added that Coinbase premiums for BTC and ETH have flattened to near zero, and the CME futures basis has dropped to multi-year lows. These data show that institutional and retail traders alike are taking profits rather than adding exposure.

According to Glassnode, Bitcoin continues to struggle below the short-term holders’ cost basis of around $113,000, with the coin’s long-term holders still distributing roughly 104,000 BTC per month.

Transfer volumes from whale wallets to exchanges have surged to $293 million a day, suggesting that investors are taking profit rather than increasing exposure to the market. 

Bitcoin could dip to $102,000 if it closes below key support

The BTC/USD 4-hour chart remains bearish and efficient as it is down 1% in the last 24 hours. The monthly candle will close in a few hours and could indicate how the market will react in the near term.

If Bitcoin continues its correction and closes the candle below the 61.8% Fibonacci retracement level at $106,453, it could extend its dip towards the October 10 low of $102,000.

The RSI of 46 is below the neutral 50, indicating bearish momentum is gaining traction. The Moving Average Convergence Divergence (MACD) lines are also converging, suggesting a bearish trend. 

However, if Bitcoin holds the support level at $106,453, it could rally towards the 50-day EMA at $112,872 over the next few hours and days.

The post Bitcoin price forecast: BTC could dip lower as ETF demand fades appeared first on CoinJournal.