Kategorie: Crypto Markets

• Avalanche (AVAX) recently shattered a significant resistance level, rising to highs of $23.
• The retreat from the barrier that had previously capped its upward momentum might offer bears some hope.
• But could bulls maintain the pressure and target the key hurdle of $40 next?

Avalanche’s recent price action follows a period of consolidation. While optimism remains, the AVAX token has dipped to near support with price around $21.

Notably, AVAX traded in a tight range between $18 and $20.50 after bouncing off lows of $14.5 seen earlier in the month.

The breakout to above $23 came amid Bitcoin’s spike to $94k, aligning with broader market performance. Upside momentum completed a significant recovery and formation of a potential cup and handle pattern.

Buyer action has been accompanied by a surge in trading volume, signaling strong upward interest.

Potential upside drivers of Avalanche price

Market sentiment is buoyed by Avalanche’s robust fundamentals and a return to the spotlight for decentralized finance (DeFi) and gaming tokens. The Avalanche ecosystem has benefitted from this, including recent partnerships.

Spot crypto exchange-traded fund applications and offering of other institution-focused AVAX products has bolstered the native Avalanche token. The US Securities and Exchange Commission has added to the excitement by acknowledging VanEck’s filing for a spot AVAX ETF.

These developments provide a strong backdrop for AVAX’s price gains, as the network’s utility and scalability remain competitive in the layer-1 blockchain space.

On-chain data provides further insight. Whale activity has increased, with large transactions spiking over the past week, suggesting accumulation by major holders. Meanwhile, the number of active addresses on the Avalanche network has risen by 15% in the last month.

A surge above $20 could see AVAX return to above $28 and target a nearly 100% spike to above $40.

Technical picture for AVAX price

Bulls have to offer sustained buying pressure to break past key levels.

Technical indicators are however bullish. The Relative Strength Index (RSI) is approaching 60, indicating growing momentum without entering overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, further supporting the case for continued upward movement.

However, challenges remain. The $23 and $28 levels, the latter coinciding with the 200-day moving average, could be a formidable resistance area.

Avalanche’s breakout above $23 marks a pivotal moment, with technicals and fundamentals aligning for a potential rally to $40.

While risks persist, the combination of strong network growth, bullish indicators, and increased on-chain activity positions AVAX for further gains, provided it can overcome the next resistance hurdle.

Weakness to $20 could see AVAX price revisit the recent lows of $14.

The post Avalanche retests resistance: can AVAX rally to $40? appeared first on CoinJournal.

• The Official Trump (TRUMP) meme token has skyrocketed after a major announcement.
• With volume spiking over 420%, TRUMP  is the top-gaining token among the 100 top coins.
• The TRUMP meme token jumped from $9.30 to highs of $15.47.

The Official Trump (TRUMP) meme coin has surged to the top of the leaderboard of biggest gainers among the largest coins by market cap.

Gains happened as the Bitcoin price spiked to $94k.

According to data from CoinMarketCap, the TRUMP meme token shot up from $9.30 to highs of $15.47.

The more than 70% spike in the meme coin’s value came amid a broader market bullish flip.

However, the vertical flip for Official Trump followed President Donald Trump’s offer of an exclusive dinner for top holders of the meme coin.

This news, coupled with strategic changes to the token’s unlock schedule, is fueling upside pressure for TRUMP.

Investors and supporters are likely flocking to the token as they try to land a spot at dinner with the US president.

Notably, the daily trading volume of TRUMP has jumped more than 420% to over $3.2 billion.

Dinner with Trump

The announcement of an exclusive dinner with Donald Trump, set for May 22, 2025, at the Trump National Golf Club in Washington, D.C., sent the crypto meme coin community into a frenzy.

According to details, the event will be open only to the top 220 $TRUMP token holders.

The invitation has intensified the buying pressure as investors scramble to rank higher.

Why else is the TRUMP price surging?

Adding fuel to the rally, the $TRUMP project announced a 90-day delay for its initial token unlock and the subsequent three months of daily unlocks.

This move, designed to curb short-term selling pressure, signals a commitment to long-term value stability.

By postponing the release of new tokens, the project reduces the risk of oversupply, which could have dampened the price surge.

Investors appear to view this as a bullish signal, with the delayed unlocks aligning neatly with the anticipation building toward the May dinner.

The combination of scarcity-driven tokenomics and the allure of dining with Trump has created a perfect storm for $TRUMP’s explosive performance.

Official Trump skyrocketed to $75.35 in January 2025 when Trump took over the US presidency for a second term.

However, amid the broader market downturn, the meme coin price fell to lows of $7.2.

The latest bounce only sees the TRUMP price recover a fraction of its dip year-to-date, with the price down 83% since its all-time high.

Trump’s growing embrace of cryptocurrency, regulatory shifts, and the dinner invite could spark a fresh surge.

The post Here’s why Trump meme coin exploded 70% today appeared first on CoinJournal.

• ZEREBRO coin has soared 178% over the past few hours.
• ZEREBRO coin operates on an autonomous AI system that crafts and shares content across platforms without human intervention.
• Bulls are eyeing a potential surge to $0.1 if the $0.085 resistance is breached.

In a market where volatility reigns, Zerebro (ZEREBRO) has emerged as a standout, with its price soaring over 178% in a single day, jumping from below $0.03 to $0.08031.

This dramatic surge has sparked curiosity across the crypto community, with many asking what Zerebro is and what is fueling its price hike.

What is Zerebro cryptocurrency?

Zerebro is a cryptocurrency that transcends conventional boundaries by integrating artificial intelligence (AI) with blockchain technology.

It operates as an autonomous AI system, crafting and sharing content across decentralised and social platforms without human intervention.

Its approach hinges on a technique called “freebasing AI,” where it refines large language models using eclectic, high-entropy data from sources like Reddit and 4chan.

This produces dynamic, creative outputs that stand out in a sea of predictable AI-generated material.

The project’s essence lies in “hyperstition”—a fusion of fiction and reality that influences cultural and financial narratives.

Zerebro’s AI agents engage communities on platforms such as X, Instagram, and Telegram, embedding itself in crypto subcultures with content that feels authentic and compelling.

Its multi-chain framework enhances its reach: the native token thrives on Solana, digital artwork is minted on Polygon, and inscriptions mark its presence on Bitcoin.

Beyond content, Zerebro ventures into real-world applications, autonomously launching tokens, producing music, and integrating with decentralised finance, all while aiming to push the boundaries of Artificial General Intelligence.

Why is the Zerebro price rising?

Zerebro’s price explosion stems from a convergence of technical breakthroughs, market enthusiasm, and narrative power.

A key driver is its integration with Zentients, a platform where AI agents powered by ZEREBRO tokens are created and deployed.

These agents operate on a bonding curve, triggering liquidity shifts to decentralised exchanges as valuations rise, igniting speculative trading.

This has fueled a buying spree, amplifying the token’s upward trajectory.

Technically, the token’s chart tells a story of momentum.

After a quiet accumulation phase, a massive volume spike shattered key resistance levels, pushing the price past all major moving averages.

The Relative Strength Index (RSI) soared above 85, reflecting overheated but undeniable demand.

Market factors bolster this surge: whale buying, a supply burn, and a contract holding significant reserves hint at a possible short squeeze, while the near-identical circulating and total supply reassures investors about stability.

Culturally, Zerebro’s hyperstitious content resonates with the meme-driven crypto crowd, weaving narratives that align with the ethos of decentralization.

Its multi-chain versatility and ambitious roadmap—spanning DeFi, NFTs, and creative projects—ride the wave of AI-crypto hype, drawing retail and institutional interest alike.

This blend of innovation and cultural fit has turned Zerebro into a lightning rod for speculation.

How high can the price of Zerebro rise?

Zerebro’s future price hinges on both immediate dynamics and long-term execution.

Short-term, the overbought RSI suggests a likely cooldown, with support forming between $0.065 and $0.060.

Holding this range could pave the way for a renewed push, potentially breaching $0.085–$0.090 and eyeing $0.10.

Such a move would demand catalysts like expanded Zentients.xyz adoption or new AI-driven initiatives, alongside clarity on the dev wallet, which has stirred some unease.

Looking further ahead, Zerebro’s modest $80.3 million market cap offers growth potential if it delivers on its vision.

Scaling its AI ecosystem, producing impactful cultural content, and deepening blockchain integrations could propel it higher.

However, its past—down 89.9% from a peak of $0.7841—warns of volatility, and its success depends on sustaining momentum, building trust, and navigating market sentiment.

For now, the $0.065 support zone is a critical test, while its broader journey could redefine AI’s role in crypto.

The post Why is Zerebro cryptocurrency price rising? appeared first on CoinJournal.

• Key support level at $0.0182 remains at risk.
• Negative funding rate indicates rising short bets.
• The funding rate for XCN futures has recently turned negative, a signal that more traders are opening short positions.

Onyxcoin (XCN) is trading at $0.01945 at the time of writing, showing a 24-hour gain of 14%.

But this uptick has not been enough to revive investor confidence in the altcoin’s medium-term outlook.

The broader crypto market has seen some recovery, but XCN remains on a knife’s edge, struggling to hold above the key support level of $0.0182.

Source: CoinMarketCap

If this threshold is breached, the price could fall to $0.0150 — a two-week low that risks intensifying the current bearish sentiment.

The funding rate for XCN futures has recently turned negative, a signal that more traders are opening short positions.

This means that investors are betting on further price declines.

A negative funding rate typically reflects market pessimism, as shorts pay a fee to longs to maintain their positions.

With short contracts now dominating, XCN appears to be facing growing resistance from its own derivatives market.

Momentum indicators show outflows

On-chain metrics are adding to concerns. The Chaikin Money Flow (CMF) indicator, which tracks buying and selling pressure by comparing accumulation and distribution over time, remains in negative territory.

While the CMF has shown a minor upward slope, it has yet to cross the zero threshold that typically signals sustained inflows into the asset.

This is crucial because a persistently negative CMF suggests outflows are outweighing inflows, indicating that capital is leaving the XCN market.

Without consistent and strong buying activity, the token is unlikely to see a meaningful recovery.

At present, the altcoin continues to hover in a risk zone, with bearish pressure overpowering attempts at a bounceback.

Resistance stands at $0.0237

If XCN manages to stabilise at or above the $0.0182 support level, the next resistance to watch is $0.0237.

Crossing this level could reverse the current sentiment and invalidate the near-term bearish case.

However, any such reversal is unlikely without broader support from the market or a catalyst that can draw capital back into the project.

Given the weak momentum and technical signals, the burden lies on external market forces to lift XCN past this resistance.

Investor participation remains cautious, with many traders opting to wait for stronger confirmation of trend reversal before re-entering long positions.

The post Onyxcoin (XCN) price up 14% to $0.01945, but negative funding rate signals trouble appeared first on CoinJournal.

• Cardano price rose 11% as the broader cryptocurrency market flipped bullish.
• ADA rallied as Bitcoin broke above $94k and top alts jumped.
• The technical picture suggests bulls could eye $1 in the short term.

Cardano (ADA) price is up as most altcoins gain amid a broader cryptocurrency market uptick.

ADA price has joined other top alts in riding a wave of bullish momentum, with its value climbing to above $0.70.

On Wednesday, April 23, Cardano’s price recorded an 11% surge. Volume rose more than 75% to over $1 billion.

The technical outlook is promising, and on-chain metrics point to growing confidence among investors.

With positive funding rates and increasing bullish bets, the question is whether ADA bulls can push the price back to the psychologically significant $1 mark.

On-chain data and ADA price outlook

On-chain data reveals a strong bullish bias for Cardano, driven by whale activity.

Whales have added to their ADA holdings significantly in the past month.

Major cohorts now hold over 12.67 billion, an accumulation spree that has come amid the latest price dip.

As whales capitalize on lower prices, boosting investor confidence, Cardano looks poised to explode.

Further supporting this optimism is Coinglass’s ADA long-to-short ratio, which stands at 1.06.

This is Cardano’s highest long-to-short ratio in over a month.

A ratio above one signals that more traders are betting on price increases, reflecting bullish market sentiment.

What sets Cardano apart?

• Built on peer-reviewed research 📜
• Powered by energy-efficient PoS 🌱
• Supported by a global, open-source community 🫂
• Resilient, decentralized governance ⚖️

Learn more about Cardano today:https://t.co/lyOYem83ds

— Cardano Foundation (@Cardano_CF) April 23, 2025

Funding rates also signal growing bullish momentum.

ADA’s funding rate flipped positive and now sits at 0.0096%, the highest since February 22.

In the market, positive funding rates, where longs pay shorts, typically indicate bullish sentiment as more traders anticipate price gains.

This contrasts with a negative rate, which would suggest bearish expectations.

The current positive rate, combined with rising open interest, underscores the growing confidence in ADA’s potential for a price recovery.

Can ADA break the $1 barrier?

From a technical perspective, Cardano’s price action is encouraging.

After finding support at $0.50 on April 7, ADA rallied 21% over the next two weeks. It now trades above the key level of $0.67.

If bulls maintain this momentum and break above $0.71, ADA could target the weekly resistance at $0.75, with $1 as the next major milestone.

The Relative Strength Index (RSI) at 56, trending above the neutral 50 level, further supports this bullish outlook.

However, risks remain. A daily candlestick close below Monday’s low of $0.61 would invalidate the bullish thesis, potentially driving ADA back to the $0.50 support level.

The combination of whale accumulation, positive funding rates, and strong technicals suggests Cardano bulls are gearing up for a run at $1, but traders should remain vigilant for any signs of reversal.

The post Cardano price prediction: are ADA bulls about to reclaim $1? appeared first on CoinJournal.