Kategorie: Crypto Analysis

• Over 90% of stakers and validators voted to approve CETUS’s recovery plan.
• SUI ETF filings by 21Shares and Canary have boosted investor interest.
• Analysts predict SUI could reach $10 if ETF sentiment and recovery efforts sustain.

SUI, the native token of the Sui blockchain, is under renewed scrutiny as its price traded at $3.46 on Friday—well below its recent peak of $4.18.

A combination of market-wide uncertainty and a major security exploit on its decentralised exchange, CETUS, triggered a nearly 20% decline in just over a week.

However, fresh optimism has emerged, fuelled by two major developments: overwhelming community approval of CETUS’s recovery plan and speculation around a potential spot SUI ETF.

These developments are prompting analysts and investors to reassess the token’s short-term trajectory.

CETUS recovery vote changes sentiment

The sharp drop in SUI’s price coincided with an exploit on the CETUS Protocol that saw $223 million in digital assets stolen.

Of this amount, approximately $162 million was frozen through collaborative efforts involving validators and security teams.

Initially, the event cast a bearish shadow over the SUI ecosystem, undermining investor confidence and pushing the token to a low of $3.32.

But sentiment shifted following CETUS’s announcement that its community had approved a formal recovery plan.

According to the team, over 90% of validators and stakers voted in favour of returning frozen funds to impacted users.

The swift community response and coordinated mitigation efforts have helped restore some degree of trust in the protocol, limiting the downside pressure on SUI.

This was reflected in the price action, which remained above the 50-day exponential moving average (EMA) despite the hack.

Technical indicators now suggest the formation of a bullish flag—a chart pattern often seen as a continuation signal—further strengthening the case for a potential rebound.

SUI ETF applications add fuel to the rebound scenario

Alongside protocol-level recovery, market optimism has been buoyed by increasing speculation around a spot SUI ETF.

21Shares recently joined Canary in submitting applications, adding legitimacy to the push for broader institutional access to altcoins like SUI.

If approved, a spot ETF would allow regulated investment products to hold SUI directly, opening doors for institutional capital and potentially increasing liquidity and price stability.

The US Securities and Exchange Commission (SEC), now chaired by Paul Atkins, has yet to approve any altcoin ETFs, but analysts expect decisions on a range of applications—including those for Litecoin (LTC), XRP, and Cardano (ADA)—by the end of the year.

This renewed focus on exchange-traded vehicles has placed SUI on the radar of institutional investors.

A post on X by Crypto Bullet, a crypto analyst with a substantial following, noted that the token might be “preparing for a parabolic move” that could take it above $10 by June.

According to the analyst, SUI has completed a Wave 2 correction and is now entering a potential Wave 3 rally phase.

Analysts forecast retest of $5.37, with $10 in sight

Despite the recent correction, market participants are not ruling out a strong rebound.

Technical analysis points to resistance levels at $3.945 and $4.8587, with the potential to retest the previous all-time high of $5.3700 if momentum continues.

If ETF-related speculation remains strong and CETUS successfully executes its fund return plan, a breakout above these levels could send SUI into double digits.

However, any upside will likely depend on how broader macroeconomic and regulatory conditions evolve, especially in light of ongoing geopolitical tensions that have rattled digital asset markets globally.

As of now, the SUI price continues to hover below $3.50, but a convergence of fundamental recovery and technical signals may provide the spark needed for the next leg up.

The post SUI price eyes $10 rebound after ETF hype and CETUS recovery vote appeared first on CoinJournal.

• Local support lies at $0.61, with risk of slide to $0.57.
• Resistance at $0.71 must be reclaimed for recovery to start.
• Market sentiment for Pi Network remains cautious amid low volume.

Pi Network, a cryptocurrency once hailed for its unique mobile mining model, is seeing growing pressure from a wave of negative technical signals and investor caution.

Pi has lost a crucial support level and now trades at $0.67, down from $0.71 just a day ago.

This recent breach suggests mounting downward pressure in the coming sessions, with sentiment among holders appearing to wane.

Pi’s price trajectory has shifted sharply in recent days, and several key indicators now show persistent bearish momentum.

These signals come at a time when broader altcoin markets are experiencing lower liquidity and declining investor risk appetite, amplifying the impact on mid-tier tokens such as Pi Network.

CMF points to sustained sell pressure

One of the most notable signals reinforcing the current outlook is the Chaikin Money Flow (CMF), which has slipped just below the zero line.

This movement indicates that the volume of sell orders is beginning to outpace buys.

While still close to neutral territory, the shift in CMF hints at a reversal in market confidence.

This subtle but significant change reflects broader investor behaviour.

Market participants appear increasingly cautious, with many choosing to secure gains or minimise risk in anticipation of further price drops.

The dominance of outflows over inflows is often seen as a leading indicator of continued sell-offs, and in Pi’s case, that risk is growing more pronounced.

The outflow trend may also suggest concerns around Pi Network’s longer-term adoption, particularly as newer utility-focused tokens and large-cap coins dominate market narratives.

Squeeze indicator signals breakout risk

Another notable technical signal is the squeeze momentum indicator, which shows Pi Network currently in a low-volatility “squeeze”.

This phase is marked by black dots on the chart, indicating compression in price movement, typically followed by a strong directional breakout.

In Pi’s case, the building momentum is bearish, suggesting that once volatility returns, the coin may face a sharp downward move.

The current squeeze follows a string of lower highs and the failure to hold above previous support zones.

Blue dots on the indicator, which signal the release phase, have yet to appear, meaning the potential move is still building.

Traders and short-term holders will be watching closely for any indication that a release is underway.

If confirmed, the resulting sell-off could be swift, with Pi potentially testing new lows.

Local support at $0.61, downside risk remains

With the price now at $0.67, immediate support sits at the $0.61 level.

This threshold could provide temporary stability, but a breakdown below it would likely open the door to further losses, possibly toward $0.57.

Such a drop would represent a near 15% decline from current levels and would deepen the token’s downtrend, reducing confidence among existing holders.

On the upside, reclaiming $0.71 would be Pi Network’s first step toward invalidating the bearish thesis.

A break above $0.78 would mark a higher high and potentially shift momentum, bringing bulls back into the market.

However, such a reversal remains uncertain given current indicators.

Pi Network’s long-term potential will depend on both the utility it can deliver and broader market conditions.

For now, however, price action and volume flows suggest that caution will continue to dominate.

The post Pi Network price dips to $0.67 as technicals hint at further downside appeared first on CoinJournal.

• Positive funding rates suggest long positions’ dominance.
• Exchange reserves fall by 50 million XRP, worth $114 million.
• Investors accumulate amid expectations of a price rebound.

XRP’s price is under pressure, extending a two-week downtrend that has placed the token in a vulnerable spot.

Yet, a deeper look at on-chain and derivatives market data reveals a contrasting trend.

Traders are actively accumulating XRP, and institutional interest is gaining ground through futures contracts.

With $223 million in open interest on CME within just 10 days of XRP futures launch, the token is seeing new attention despite its price falling below key resistance levels.

CME XRP futures hit $223 million in 10 days

The sharp rise in open interest for XRP futures on CME suggests institutional activity is increasing.

Typically, a spike in open interest is associated with traders taking short positions, potentially signalling bearish sentiment.

However, in this case, the narrative appears to be shifting.

XRP’s addition to CME Futures expands access to large investors, potentially attracting longer-term capital rather than speculative trades.

Data shows that funding rates have remained mostly positive for three weeks, turning negative only once.

This sustained positive rate implies that long positions are dominant, suggesting more traders are betting on a price rise than a fall.

Exchange reserves drop by 50 million XRP

At the start of the month, XRP balances on centralised exchanges rose, indicating selling pressure.

But over the past two weeks, those reserves have declined by around 50 million XRP, valued at over $114 million.

This trend reversal indicates strong outflows, often associated with accumulation.

Withdrawals from exchanges typically mean that traders are shifting their tokens to cold storage or long-term holdings.

In XRP’s case, this suggests buyers are positioning themselves ahead of a potential rebound, possibly driven by FOMO (fear of missing out) due to low current prices.

XRP is trading at $2.27 with strong support

At the time of writing, XRP is trading at the 2.27 support level.

The two-week downtrend has so far capped upward movement, and a break below the support could push prices down to $2.12 — the next key level.

However, if the $2.27 level holds and demand from both institutional and retail buyers continues, XRP could mount a recovery.

A successful rebound could send the token towards $2.38, validating the recent futures market activity and accumulation behaviour.

This would confirm growing investor interest and may signal the end of the current correction phase.

On the other hand, a loss of support could prolong the downtrend, invalidating the optimistic outlook and delaying any price recovery.

While XRP’s short-term technical indicators remain weak due to its declining price, broader market signals are more positive.

Rising futures open interest, positive funding rates, and declining exchange reserves are usually precursors to bullish price action.

These signals suggest that a growing number of investors expect XRP to recover soon, with current levels viewed as an attractive entry point.

The post XRP futures surge past $223M as price holds $2.27 support appeared first on CoinJournal.

• Litecoin is forming bullish flag and pennant patterns, signalling a bullish breakout.
• Price targets range from $108 to $153 after the imminent breakout.
• Large holders and strong volume back the projected LTC’s upward momentum.

Litecoin (LTC) is once again in the spotlight as bullish technical formations point to the potential for significant upside movement.

The cryptocurrency is currently navigating a critical phase, marked by a series of strong technical patterns and robust on-chain data that suggest an optimistic outlook.

LTC price technical analysis

At the time of writing, Litecoin trades around $97.45, maintaining stability while exhibiting subtle signs of bullish momentum.

Technical analysis identifies a bull flag pattern forming near this price range, signalling a potential continuation of Litecoin’s upward trajectory.

A bull flag is a well-known technical continuation signal that appears after a strong price rally, followed by a brief consolidation phase within a downward-sloping channel.

LTC’s flag formation around the $95 level reflects a healthy cooldown, which is often necessary before a breakout occurs.

Volume during this consolidation has been declining, which aligns with typical bull flag behaviour and suggests a stronger breakout may soon follow.

Analyst CW8900 projects that if this flag resolves to the upside, Litecoin could aim for a price target of $136, indicating nearly a 40% rally from current levels.

$LTC is forming a bull flag pattern.

The rally will resume as it breaks through this pattern.

The next target according to the pattern is around $136, which is similar to the previous high. pic.twitter.com/LSgX70DgZt

— CW (@CW8900) May 27, 2025

Adding weight to the bullish outlook is Litecoin’s performance on the 4-day chart, which shows the asset breaking free from earlier range-bound movement and forming a clear ascending trend.

The new support zone between $96 and $97 has been holding firm, helping to establish a base for a potential leg higher in the coming weeks.

Key resistance levels are now projected at $108.71, $132.24, and $153.11, all of which mark important milestones in Litecoin’s recovery journey.

Complementing the bull flag is another powerful setup: a bullish pennant forming on the daily chart, suggesting the market remains optimistic.

This pennant pattern emerges after a rapid price rise, followed by price action tightening within converging trendlines, typically preceding a breakout continuation.

Litecoin price prediction

Both the bull flag and the pennant point to similar targets between $120 and $130, reinforcing the potential for Litecoin to break past its current resistance.

Supporting this technical strength is bullish on-chain data, which reveals that nearly half of the LTC supply is held by large investors and long-term holders.

More than 75% of Litecoin holders have maintained their positions for at least eighteen months, underscoring a foundation of confidence and reducing the likelihood of panic selling.

Additionally, over $58 billion in large trades occurred within seven days, highlighting increased market participation and strong liquidity.

These data points suggest that institutional involvement is quietly reinforcing the bullish case for Litecoin’s next breakout.

Historical context also supports this optimism, as Litecoin previously reached $140.17 in January 2025, before retracing to current levels.

Market sentiment remains positive, with the Fear & Greed Index at 74, reflecting strong investor confidence amid broader altcoin strength.

Meanwhile, analysts like VipRoseTr have identified a falling wedge breakout that occurred in mid-May at around $78.80, which often marks the end of a downtrend.

Since then, Litecoin has climbed steadily and now sits just beneath the $90–$100 resistance range, a zone viewed as pivotal for triggering the next major move.

📈 #LTC/USDT 4D OUTLOOK$LTC is showing a strong recovery after a successful breakout. Current consolidation could be the fuel for the next leg up.

🎯 Target 1: $108.71
🎯 Target 2: $132.24
🎯 Target 3: $153.11

Potential upside of +94% from current levels! Bulls are gaining… pic.twitter.com/5xCNEIMlSs

— Rose Premium Signals 🌹 (@VipRoseTr) May 27, 2025

Forecasts for 2025 diverge widely, with some platforms projecting a modest rise to $112 while others see potential for a rally beyond $210.

Despite this uncertainty, the combination of bullish patterns, increasing volume, and favourable holder behaviour suggests Litecoin may be gearing up for a powerful breakout.

Ultimately, Litecoin’s technical and fundamental indicators align in a way that suggests a strong possibility of sustained upward movement.

If key resistance zones are breached, Litecoin may soon transition from consolidation to acceleration, making it one of the altcoins to watch in 2025.

The post Litecoin price forecast: tracking LTC’s bullish technical setup appeared first on CoinJournal.