Kategorie: Crypto Analysis

Daily headlines and news about crypto analysis.

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Traders eye $117k as BTC holds above $110k; Check forecast

Key takeaways

  • Bitcoin climbed above $112k briefly on Wednesday after adding over 1% to its value.
  • Traders are optimistic that BTC will reclaim the $117k resistance level soon.

BTC tops $111k as market sentiments improve

The cryptocurrency market had a rough start to the week, with BTC dropping below the $110k level on Monday. However, the sentiments have improved, with Bitcoin briefly climbing above $112k on Wednesday.

At press time, BTC is trading at $111,907 and could rally higher soon amid positive sentiment in the market. August saw BTC set a new all-time high, but it has struggled since then. Analysts are now looking ahead to September and what the month will offer for the leading cryptocurrency.

In an email with Coinjournal, Ruslan Lienkha, chief of markets, YouHodler, stated that the key macro catalysts for crypto heading into September remain U.S. inflation, interest rate policy, and labor market data. The interaction of these factors will largely shape overall risk sentiment and, in turn, the trajectory of both traditional and crypto markets.

While discussing how these events will affect the market, Lienkha stated that,

The recent sell-off reflects a combination of macro conditions and long-term positioning by large holders. We are entering the later stages of the current medium-term bullish cycle, which naturally encourages early investors, particularly those who have held Bitcoin for 10 years or more, to realize significant profits. By contrast, more recent whale entrants are likely to adopt a longer-term horizon, prepared to hold through one or even several future cycles. Overall, while whale activity has contributed, the dominant driver remains macro factors such as yields and shifting expectations around Federal Reserve policy.

BTC eyes $117k despite market volatility

The BTC/USD 4-hour chart is bearish and efficient, thanks to Bitcoin’s underperformance in recent days. However, the market could turn around soon as the momentum indicators improve.

The RSI of 49 shows that BTC is no longer experiencing heavy selling pressure, with the MACD lines set to confirm a switch to a bullish bias. If the recovery continues, BTC could climb above the 4H TLQ at $113,850 before rallying higher to reclaim the $117k resistance.

BTC/USD 4H Chart

However, the momentum remains bearish, and BTC could face further selling pressure. If that happens, BTC could drop below $110k again and retest the $107k support level.

The post Traders eye $117k as BTC holds above $110k; Check forecast appeared first on CoinJournal.

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Mantle price outlook: recovery ahead or more bearish pressure for MNT?

  • Exchange listings on Coinbase and Bybit temporarily lifted the price of Mantle (MNT).
  • MNT’s price has bounced from a key support at $1.23 amid neutral technical signals.
  • Strong TVL and stablecoin growth support Mantle’s long-term outlook.

The price of Mantle (MNT) cryptocurrency has been on a sharp decline for the past week, dropping by over 19%.

However, the token has seen some relief today, rising by over 3% following some major exchange listings.

But the question on the trader’s mind is whether this marks the end of the bearish correction or is it just another break on the bearish pullback.

Exchange listings halt weekly drop

MNT’s recent price uptick comes in the wake of strategic exchange integrations, particularly on Coinbase International and Bybit.

The launch of perpetual futures on Coinbase, combined with Bybit’s EU Launchpool offering, has injected fresh momentum into the market.

Bybit alone accounts for roughly 37% of MNT’s daily trading volume, with VIP perks and a 250,000 USDT prize pool encouraging retail participation.

These listings have temporarily stemmed the weekly decline, demonstrating the power of exchange-driven liquidity in supporting token demand.

Despite this short-term relief, some traders have already taken profits following the new listings, contributing to a continued week-over-week dip of nearly 15%, as noted in recent social media commentary.

However, while exchange promotions can create sudden buying surges, the sustainability of this recovery remains uncertain, especially as open interest on Coinbase futures has declined post-launch.

Mantle (MNT) price analysis

Technically, Mantle has bounced from the 61.8% Fibonacci retracement around $1.14 after a 19% weekly decline.

Mantle price analysis

Technical indicators, including an RSI of 55.48 and a slightly bearish MACD histogram, suggest neutral momentum with room for short-term volatility.

The immediate resistance lies near $1.40, close to MNT’s April 2024 all-time high, and a failure to break above this level could maintain the bearish pressure.

Looking at the broader Mantle ecosystem, the Total Value Locked (TVL) has surged to $460.04 million, fueled by its liquid staking solution mETH, which has become the fourth-largest liquid staking token with $1.69 billion in TVL.

Stablecoin adoption within the Mantle network has also grown significantly, hitting a record $713.8 million, highlighting strong capital inflows and growing DeFi activity.

These technicals and fundamentals point to underlying support for the token, even amid short-term corrections.

MNT price outlook moving forward

Looking ahead, the outlook for Mantle (MNT) balances cautiously between optimism and caution.

On the bullish side, the network’s institutional products, such as the MI4 fund with over $218 million in assets, demonstrate growing confidence from professional investors.

Further adoption is anticipated through Bybit’s continued integration, the beta launch of the UR banking app, and Mantle’s transition toward zero-knowledge rollups aimed at enhancing scalability and security.

However, short-term traders should be wary of profit-taking dynamics and potential dips below the $1.23 support level, which could trigger further declines to the 38.2% Fibonacci retracement near $1.12.

The post Mantle price outlook: recovery ahead or more bearish pressure for MNT? appeared first on CoinJournal.

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Bitcoin Cash price forecast: BCH bounce back confirmed, $600 in view

  • The Bitcoin Cash (BCH) price has rebounded from $533, regaining bullish momentum above key supports.
  • Whales are driving activity as retail participation stays near multi-year lows.
  • A break above $572 could open the path toward $600 and beyond.

Bitcoin Cash (BCH) has clawed back from recent lows, reigniting optimism that the cryptocurrency could soon test the $600 mark.

After sliding to $533.34 on August 26, BCH rebounded more than 3% in 24 hours, a move analysts say confirms a near-term bottom and signals momentum may be shifting back to the bulls.

Bounce restores confidence

The quick recovery followed weeks of consolidation that had dampened enthusiasm around Bitcoin Cash.

The sharp rebound suggests buyers are once again stepping in at key levels.

Technical signals point to renewed strength, with a hidden bullish divergence on the daily RSI indicating momentum buildup beneath the surface.

BCH continues to trade within a bullish ascending channel, though resistance near $572 remains a critical test.

According to market analysis, an hourly close above that barrier could confirm a breakout, potentially accelerating gains.

Retail activity mutes as whales step in

On-chain data shows that whales were in an accumulation spree during the downturn, with whale transactions worth $482 million on August 7 — the biggest spike since early July.

Notably, large holders often move ahead of rallies, and a similar wave of activity preceded a 75% surge in July.

However, activity among smaller players remains subdued.

The daily active BCH addresses hover near six-year lows at about 19,000, highlighting weak organic adoption.

This divergence suggests speculation, not retail demand, is driving current moves.

Sustained whale inflows will be key in determining whether momentum carries forward.

The key resistance and support levels in focus

Looking at the BCH price chart, the cryptocurrency must hold above $544.23 to maintain its upward bias.

In addition, a break above $569.77 could pave the way to $595.84 and even $638.56, with Fibonacci targets at $607 and $664 adding weight to the bullish case.

Sharky, a well-followed trader, believes BCH could mirror its June rally, when it surged shortly after Bitcoin.

He highlights a 74-week trend break retest that he says points to a strong long-term setup.

AltWolf, another crypto analyst, highlights the formation of a double top pattern, noting Bitcoin Cash has lost the four-hour 200 EMA and broken below a multi-month uptrend channel.

He argues it may be premature to stay bullish given the weakening structure.

According to analysts at CoinLore, losing the $544.23 support could trigger a retreat toward $527.41 with the chance of an even deeper slide that might bring the July swing low of $516 into play, threatening the broader bullish channel.

The post Bitcoin Cash price forecast: BCH bounce back confirmed, $600 in view appeared first on CoinJournal.

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XRP eyes $3.7 as momentum indicators show fading bearish signs

Key takeaways

  • XRP has reclaimed the $3 mark after adding nearly 3% to its value on Tuesday.
  • The momentum indicators are showing fading bearish signs, with a bullish run expected to follow.

XRP tops $3 as broader market shows early signs of recovery

The cryptocurrency market had a poor start to the week but is now showing early signs of recovery. Bitcoin is trading above $111k after adding 1% to its value, while Ether has topped $4,600 as it is up 4%.

XRP, Ripple’s native coin, is not left behind as it has recaptured the $3 psychological level after rallying by more than 3%. The coin could rally higher in the coming hours and days as the bullish momentum continues.

This latest performance comes as CME Group revealed that its crypto futures suite has surpassed $30 billion in notional open interest for the first time. According to CME Group, the SOL and XRP futures each crossed $1 billion. XRP became the fastest contract to hit the milestone, doing so in just over three months.

Institutional adoption continues to support XRP’s price, and this could push it higher over the coming days and weeks. 

XRP targets $3.7 as bullish momentum surfaces

The XRP/USD 4-hour chart remains bullish as XRP rallied by nearly 3.5% in the last 24 hours. The Ripple native coin dipped by over 5% on Monday and closed below its 61.8% Fibonacci retracement level at $2.99.

It has now recovered and is trading above the $2.99 support level. The RSI of 54 shows that the bullish momentum is growing, while the MACD lines have also crossed into the positive territory. 

XRP/USD 4H Chart

If XRP continues its recovery, it could push higher and target its next daily resistance at $3.40. An extended bullish run would allow XRP to surpass its yearly high of $3.66, with the all-time high price of $3.8 its next target. 

However, if XRP faces a correction, it could dip below $2.99 and target the next key daily support at $2.72.

The post XRP eyes $3.7 as momentum indicators show fading bearish signs appeared first on CoinJournal.

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TRX faces correction as Tron shatters $600B stablecoin record

  • Tron (TRX) slips below its ascending trendline, signalling a possible short-term correction.
  • Tron hits $600B stablecoin transfers, outpacing Ethereum in volume.
  • Tron network dominance contrasts with bearish indicators on the TRX price.

Tron’s native token, TRX, is at a crossroads. The cryptocurrency is flashing signs of weakness on technical charts, even as its underlying network continues to break records in stablecoin activity.

With the TRX price sliding below key trendlines and bearish indicators building, the contrast with Tron’s booming fundamentals has left traders debating whether a correction or a rally will come next.

Bearish pressure builds on TRX

TRX slipped below its ascending trendline this week, trading around $0.345 after a near 7% pullback from its yearly high at $0.370.

The breakdown marked the first decisive violation of the bullish structure that had been in place since late June.

On-chain and derivatives data echo the bearish mood. CryptoQuant’s Spot Taker CVD for TRX has been in negative territory since mid-August, signalling that sellers are in control of market flows.

TRX's Spot Taker CVD (Cumulative Volume Delta, 90-day)

At the same time, Coinglass data shows that TRX’s funding rate has turned negative, with shorts outpacing longs — a development often linked with growing downside pressure.

TRX funding rate

Momentum indicators are also leaning bearish. The Relative Strength Index (RSI) is stuck near its neutral 50 level, showing indecision, while the Moving Average Convergence Divergence (MACD) flipped into a bearish crossover on Sunday, flashing fresh sell signals.

If TRX fails to reclaim the $0.345 level on a daily close, a decline toward $0.330 remains a strong possibility.

Tron network strength paints a different picture

While technical charts point lower, Tron’s network fundamentals tell another story.

The blockchain recently processed more than $600 billion in stablecoin transfers in a single month, an unprecedented milestone that highlights its growing role as the backbone of global digital payments.

The surge in transaction activity underscores Tron’s competitive edge: low fees and fast settlement times. Users and institutions are increasingly choosing the network to move value, making it the preferred settlement layer for Tether’s USDT.

More than nine million transactions are now processed daily, with over one million unique wallets interacting with stablecoins on Tron each day.

This level of usage is not only significant compared with rivals, but it also dwarfs Ethereum in terms of stablecoin settlement.

Recent data released by Messari shows Tron commanding more than 63% of the circulating USDT supply at $81.2 billion, compared with Ethereum’s $73.8 billion.

In daily transfer volumes, Tron moves almost seven times more than Ethereum, cementing its dominance in this segment of the market.

TRX price outlook

For Tron (TRX) token holders, the current picture is mixed. On the one hand, technical indicators point to a near-term correction, with $0.330 emerging as the next downside target if sellers maintain pressure.

On the other hand, the network’s record-breaking volumes and commanding position in the stablecoin market provide a strong long-term bullish backdrop.

At $0.3478, TRX trades nearly 19% below its all-time high of $0.4313 set in December 2024.

Nevertheless, the token is still up more than 100% year-on-year, supported by steady adoption and robust transaction flows.

For now, the key level to watch remains $0.345. A sustained break below it would favour further weakness, but a recovery above could reopen the path toward $0.370.

The post TRX faces correction as Tron shatters $600B stablecoin record appeared first on CoinJournal.