Kategorie: Crypto Analysis

Key takeaways

• ETH risks dropping below $4,500 after losing 3.5% of its value.
• The support level at $4,350 could be the next target if ETH fails to bounce.

ETH dips to $4,500 as market opens bearish

The cryptocurrency market opens a new week bearish after an excellent performance last week. Bitcoin, the leading cryptocurrency by market cap, lost 1% of its value and temporarily dropped below the $115k mark.

Ether, the leading altcoin and the second-largest cryptocurrency by market cap, recorded an even bigger loss. It dipped 3.5% in the last 24 hours to now trade at $4,510. 

The bearish performance comes despite the crucial Fed rate decision later this week. Ether hit an all-time high above $4,900 in August but has failed to build on this momentum since then. It is down 9% from its all-time high but could look to bounce back soon.

This week’s price action could be determined by the Fed rate decision on Wednesday. A rate cut by the Federal Reserve will send BTC, ETH, and other crypto assets flying in the near term.

Ether bulls target new all-time high above $5k

The ETH/USD 4-hour chart remains bullish and efficient, suggesting that buyers remain in control despite the recent bearish price action. The momentum indicators also remain bullish, with ETH now targeting a new all-time high.

Ether has found support temporarily around $4,488. The RSI of 60 shows that ETH remains bullish on the higher timeframe. The MACD line is also within the positive territory, suggesting a bullish bias.

If the $4,488 support holds, Ether could extend its rally towards the all-time high price of $4,956. An extended bullish run would allow it to surpass the $5k mark for the first time in its history. 

However, failure to defend the support level at $4,488 could see ETH drop to the next major resistance level at $4,350. The resistance level is also a 4-hour TLQ and could provide the required liquidity to surge higher.

The post Ether price prediction: Ether eyes the $4,350 support amid bearish price action appeared first on CoinJournal.

• Safety Shot launches BONK Holdings and acquires 228.9B BONK tokens.
• SHOT stock slides while BONK price gains 8% in the past 24 hours.
• BONK charts signal a possible breakout toward $0.0003620.

Safety Shot has made a bold entry into the digital asset world, launching a new subsidiary centred on the fast-rising Solana-based memecoin BONK.

The move underlines the company’s growing interest in blockchain assets and highlights how traditional firms are positioning themselves within the cryptocurrency economy.

Safety Shot launches BONK Holdings LLC

On September 11, Safety Shot announced the creation of BONK Holdings LLC, a dedicated subsidiary that will manage the firm’s digital asset strategy.

Safety Shot also revealed that it had accumulated a significant position in BONK, expanding its treasury to 228.9 billion tokens.

This stash represents more than 2.5% of the memecoin’s circulating supply, valued at roughly $55 million at prevailing market prices.

The firm’s average purchase price for the tokens stands at $0.00002184, achieved through prior initiatives and a fresh $5 million acquisition in partnership with digital trading platform FalconX.

Rather than storing the tokens passively, Safety Shot plans to deploy its holdings in the Solana DeFi ecosystem, using them for staking, liquidity provision, and yield farming.

The company argues this approach will generate non-dilutive returns while strengthening its balance sheet.

Notably, Safety Shot’s leadership has been vocal about the rationale behind this move.

Chief Executive Officer Jarrett Boon emphasised that the company views BONK as a “top-tier digital asset” and sees untapped value in integrating it with its existing consumer brands.

In late August, the firm raised $30 million to further solidify its growth strategy and recently appointed Mitchell Rudy, one of BONK’s original founders, to its board of directors.

Safety Shot stock reaction lags behind BONK gains

Despite the ambitious plans, Safety Shot’s shares have struggled to convince investors.

Following the announcement, SHOT stock dipped to $0.37, its lowest level in two months, before closing slightly higher at $0.39, and the pre-market trading has brought only a modest uptick.

The decline suggests that equity investors remain cautious, even as the company highlights the scale of its digital and cash assets compared to its overall market cap of about $85.4 million.

In contrast, BONK itself has enjoyed a strong run. Over the past day, the memecoin has gained 8.3%, trading at $0.00002512 at press time.

While BONK’s price is still far below its November 2024 all-time high of $0.00005825, the token remains one of the best-performing assets in the Solana ecosystem since its launch.

BONK price outlook shows bullish potential

From a technical perspective, BONK’s chart signals the possibility of a bullish breakout.

The memecoin has been trading within an ascending channel, with $0.0002377 acting as a solid support level.

$0.0002620 is a key resistance, and a breakout above this level could pave the way for a run toward $0.0003620, a move that would represent a potential 150% upside from recent levels.

While volatility remains part of BONK’s identity as a meme-inspired token, the increasing involvement of institutions like Safety Shot is beginning to change the conversation.

Safety Shot’s willingness to stake a sizable portion of BONK in DeFi platforms adds both liquidity and legitimacy to the project.

If the broader Solana market continues to expand, BONK could see further momentum in the months ahead.

The post Nasdaq-listed Safety Shot launches BONK memecoin treasury-focused subsidiary appeared first on CoinJournal.

• Pi Network price tests breakout at $0.3610 with $0.344 as key support.
• Pi Network ecosystem expands with PiOnline, v23 upgrade, and Token2049 spotlight.
• Whale buys 350M+ PI, but daily unlocks risk supply dilution.

Pi Network’s native token, PI, is showing renewed signs of life after weeks of sluggish performance, supported by ecosystem expansion, protocol upgrades, and whale accumulation.

The upcoming V23 Protocol Upgrade on September 15 has become a key catalyst, drawing attention to whether PI Coin can sustain its recent rebound or slip back into weakness.

Bulls test a fragile breakout

PI Coin has managed modest gains in recent sessions, climbing more than 3% in the past 24 hours to trade around $0.3549.

This rebound comes after a month-long decline of nearly 12%, reflecting cautious optimism among traders.

Analysts note that the token has been testing the upper boundary of a falling channel, with a close above $0.3610 needed to confirm a breakout.

If that move is sustained, the next obstacle sits at the 50-day exponential moving average near $0.3836.

Technical indicators are also showing bullish signals, with the MACD line and its signal counterpart on a steady uptrend, hinting at growing bullish momentum.

The RSI has also recovered toward neutral territory near 50, showing an increase in buying pressure after weeks of subdued sentiment.

According to market analysis by CoinLore, holding above $0.3426 is critical for bulls to target higher levels, with resistance levels set at $0.4767, $0.5931, and $0.7742.

Ecosystem expansion fuels renewed optimism

Beyond technicals, Pi Network’s ecosystem expansion has provided fresh energy.

The launch of PiOnline, a hybrid gaming and DeFi application with staking and DAO governance, has been well-received by the community.

In addition, Pi has taken a Gold Sponsorship slot at the upcoming Token2049 conference in Singapore, offering the project a major visibility boost at a global Web3 event.

Dr. Chengdiao Fan, one of two Founders at Pi Network, will be a speaker at the TOKEN2049 conference, which takes place on October 1-2 in Singapore! https://t.co/npzT9pDUiJ

As one of the largest crypto events in the world, this conference is a great opportunity for Pi Network to…

— Pi Network (@PiCoreTeam) September 8, 2025

On the protocol side, version 23 of the network introduces decentralised KYC processes and Linux node support, marking significant steps toward scalability and regulatory compliance.

Meanwhile, developer activity has been rising, with 37 new projects launched on the Testnet at the start of September.

These include DeFi and gaming apps, alongside the anticipated V23 upgrade that promises to improve cross-chain interoperability.

Such progress has been seen as a sign that Pi is pivoting beyond its mining-focused origins and moving closer toward becoming a functioning ecosystem with tangible utility.

Whale activity stirs speculation

While retail demand has softened in recent weeks, on-chain data shows a different story from larger players.

A mysterious whale wallet, identified as “GAS…ODM,” has accumulated more than 350 million PI tokens, valued at over $124 million.

Another large holder reportedly controls more than 373 million PI.

This kind of accumulation often signals confidence among big investors and has led some analysts to suggest that Pi may be in the Wyckoff accumulation phase, which can precede sharp rebounds.

That said, supply dynamics remain a risk, with around 159.5 million tokens unlocking daily through September, adding up to roughly $56.7 million in a month.

This constant flow could dilute prices if demand does not keep pace.

Pi Network price forecast

As the V23 Protocol Upgrade approaches, Pi Network sits at a critical juncture. The coming weeks will reveal whether the token’s rebound can extend into a sustainable rally or if supply pressures will drag it back toward recent lows.

The short-term outlook for Pi hinges on whether the token can hold above its seven-day simple moving average around $0.344.

A failure to maintain that support could open the door to another test of the August low near $0.322.

On the flip side, breaking above the $0.3610 trendline and sustaining momentum could pave the way toward the $0.3836 level and potentially higher resistance points outlined by analysts.

Longer term, the combination of whale accumulation, fresh protocol upgrades, and greater accessibility through partnerships like Onramp Money may help to strengthen Pi’s position in the market.

The project’s challenge will be balancing supply inflation with real adoption and securing listings on major exchanges such as Binance or Coinbase to unlock deeper liquidity.

The post Pi Network price forecast ahead of the V23 Protocol Upgrade appeared first on CoinJournal.

Key takeaways

• SOL is approaching $240 after adding 7.5% to its value.
• The cryptocurrency is now targeting the $250 psychological level.

SOL outperforms other major cryptos, approaches $240

SOL, the native coin of the Solana blockchain, is the best performer among the top 10 cryptocurrencies by market cap in the last 24 hours. The coin has added 7.5% to its value in the last 24 hours and is now trading at $238.8 per coin.

The positive performance comes as Bitcoin and other leading cryptocurrencies recorded strong gains this week. Bitcoin briefly dropped below $114k on Thursday following the CPI news, but has now bounced back to hit the $116k level.

Ether, the second-largest cryptocurrency by market cap, has also reclaimed the $4,500 mark, while XRP is trading above $3 once again.

With XRP now approaching $240, the coin could extend its gains over the next few hours. It is up by 15% since the start of the week, only behind Dogecoin in terms of performance. 

SOL eyes the $250 psychological level

The SOL/USD 4-hour chart has flipped bullish thanks to Solana’s rally over the last few days. The technical indicators are also bullish, suggesting that buyers are currently in control of the market.

The RSI of 74 shows that SOL is heading into the overbought territory if the trend continues, with the MACD lines also within the positive region. 

If the rally continues, SOL could hit the $250 psychological level soon, with a minor resistance at $243. An extended bullish run would bring its all-time high price of $294 into play over the coming days or weeks.

However, the market could face a correction following days of positive performances. If that happens, SOL could retest the ILQ and support level at $220 in the near term. Failure to defend this level could see SOL to the weekly low of $211.

The post Solana price prediction: SOL targets $250 as it outperforms the broader market appeared first on CoinJournal.

• Institutional demand and ETF momentum fuel Solana’s rally.
• Network upgrades have boosted speed, efficiency, and DeFi growth.
• Key test ahead as SOL eyes breakout above $245–$250.

The Solana price has surged to a seven-month high, extending its lead as one of the best performers in the digital currency market this year.

The token, which recently climbed past $225, has outpaced broader crypto benchmarks as investors, institutions, and traders rally behind what many see as a pivotal stage for the blockchain’s growth.

With momentum building from technical, institutional, and macroeconomic factors, Solana’s near-term outlook is now tilting towards a test of $250.

Solana price analysis

Solana’s recovery from earlier support around $200 has turned into a sustained rally, fueled by higher highs and steady trendline support.

Notably, there is an ascending triangle formation that often precedes sharp breakouts, with resistance zones emerging between $245 and $280.

A clean push above these levels would put Solana in striking distance of its January all-time high near $293.

Technical indicators remain bullish, with the Relative Strength Index (RSI) hovering at manageable levels despite recent gains, while the MACD has flashed a golden cross that signals further upward momentum.

As long as $200 holds as a solid floor, Solana’s chart continues to favour the bulls.

Solana institutional interest rises

Solana’s futures open interest on the CME reached a record $1.49 billion on September 9, underscoring the role that large investors are playing in driving demand.

Additionally, the launch of the first US Solana staking ETF has deepened the trend, adding legitimacy to Solana’s position within regulated markets.

Fresh developments on Wall Street have amplified the story, with Nasdaq recently welcoming the listing of SOL Strategies (ticker STKE), the first Solana-focused treasury company, which currently holds about $90 million worth of the token.

The listing is seen as a milestone for institutional validation, echoing the trajectory Bitcoin followed with ETFs.

At the same time, other firms such as Upexi and DeFi Development Corp. have accumulated hundreds of millions in Solana (SOL) this year, while Forward Industries announced a $1.65 billion raise with plans to anchor a large Solana treasury.

Solana network gets faster

The Solana blockchain itself is also undergoing meaningful upgrades.

For instance, the recent Alpenglow consensus upgrade has reduced transaction finality to just 150 milliseconds, while recent capacity increases have boosted throughput by two-thirds.

These changes address previous bottlenecks and enhance Solana’s appeal as a high-performance Layer 1 network.

In addition, although memecoins still dominate fee generation, Solana’s total value locked in DeFi has reached $13 billion, rising sharply over the third quarter.

Solana price forecast

The short-term Solana price outlook is centred on whether Solana can close above the $245 to $250 zone.

A decisive breakout would strengthen the case for an extension toward $280, with higher targets of $300 to $350 possible if momentum continues.

Macroeconomic conditions could provide the additional fuel needed for the rise to $280, markets pricing in US interest rate cuts before the year’s end, a shift that often benefits risk assets like cryptocurrencies.

If ETF approvals materialise in the coming months, Solana’s relatively smaller market size compared to Bitcoin and Ethereum means that even moderate inflows could have an outsized effect on its price.

However, a pullback toward $200 remains a risk if profit-taking sets in, especially given the token’s strong 90-day run of more than 55%.

The post Solana price hits 7-month high, outlook points at $250 appeared first on CoinJournal.