Kategorie: Crypto Markets

• Daily Avalanche transactions surged from 300K to 6.2 million in a year.
• A $23.3 million AVAX unlock could shape short-term price action.
• AVAX must hold $6.32 support to keep bullish momentum alive.

Avalanche enters a critical week with two contrasting forces shaping the outlook for AVAX.

On one hand, activity on the network has climbed sharply over the past year, highlighting growing usage across the ecosystem.

On the other, the market is preparing for a token unlock worth roughly $23.3 million on July 21, an event that could influence short-term price action as traders assess whether additional supply will trigger fresh selling.

At the time of writing, AVAX was trading at $6.58, up 2.1% over the previous 24 hours.

While the latest gains point to some buying interest, the token remains well below its historical peak, raising questions about whether improving network fundamentals can eventually translate into stronger price performance.

Avalanche network activity outpaces price performance

Avalanche has recorded one of its strongest periods of on-chain growth in recent months.

Daily transaction activity expanded dramatically over the past year, rising from roughly 300,000 transactions per day during the second quarter of 2025 to a peak of 6.2 million daily transactions in July 2026.

Although activity later cooled from that peak, the network was still processing around 2.62 million daily transactions, a level that remains significantly higher than a year ago.

The figures suggest that user activity has continued despite broader weakness across the cryptocurrency market.

The increase in network usage has also been accompanied by continued token burns.

Around 135.65 AVAX was recently removed from circulation through Avalanche’s fee-burning mechanism, showing that on-chain activity has remained active even during periods of price consolidation.

Liquidity across the ecosystem has also improved.

Stablecoin balances on Avalanche have expanded significantly over recent months, at one stage exceeding $2 billion, reflecting greater capital flowing through decentralised applications and blockchain services built on the network.

Despite those developments, AVAX has struggled to establish a sustained recovery.

The divergence between stronger blockchain activity and subdued price performance has become one of the key themes surrounding Avalanche in recent months.

FIFA partnership adds another long-term adoption milestone

Avalanche has also strengthened its position through one of the largest sporting organizations in the world.

FIFA selected Avalanche as the blockchain infrastructure supporting its dedicated Layer-1 network for FIFA Collect, bringing blockchain technology to a platform connected with millions of football fans worldwide.

The timing was particularly notable seeing FIFA World Cup is one of the world’s biggest sporting events.

The just-concluded 2026 FIFA World Cup tournament increased visibility for blockchain-powered digital collectibles and fan engagement initiatives.

Rising ticket prices linked to dynamic pricing models and travel restrictions affecting some international supporters attracted widespread attention.

Token unlock puts short-term price levels in focus

The immediate event drawing traders’ attention is the scheduled July 21 token unlock, which will release approximately $23.3 million worth of AVAX into the market.

Although the unlock represents only around 0.7% of the existing token supply available for trading, such events often receive close attention because they can increase short-term selling pressure if recipients decide to realise profits.

From a technical perspective, AVAX is approaching an important resistance level at $6.62, which aligns with the 38.2% Fibonacci retracement.

A decisive move above that level could shift attention toward the next upside target around $6.80.

On the downside, $6.32 remains the key support level. The price has managed to hold above that area so far, but a break below it would increase the possibility of a move back toward the recent swing low near $5.85.

Trading volume around the token unlock is likely to become one of the main indicators traders monitor as the additional tokens enter circulation.

The post Avalanche faces key test as $23M token unlock meets surging network activity appeared first on CoinJournal.

• HYPE must reclaim $62.16 to target the next resistance at $64.55.
• HIP-4 introduces permissionless prediction markets on Hyperliquid.
• Creating a market requires a 500,000 HYPE bond with slashing risk.

Hyperliquid (HYPE) has spent the past month trading below its mid-June peak, but a major protocol upgrade is drawing fresh attention to the cryptocurrency.

The combination of a key technical setup and the upcoming HIP-4 permissionless prediction markets upgrade has revived hopes of another breakout attempt above $62.

HIP-4 introduces permissionless prediction markets on Hyperliquid

The proposed HIP-4 upgrade introduces permissionless prediction markets, allowing qualified participants to create markets directly on the network rather than relying on a centrally managed approval process.

Prediction markets enable users to trade on the outcomes of future events, including elections, sporting events, macroeconomic developments, and cryptocurrency-related milestones.

Instead of operating as a separate application, these markets will run on Hyperliquid’s existing trading infrastructure alongside spot and perpetual products.

The upgrade is designed to use the same order book, liquidity pools and trading accounts that already support the protocol’s broader ecosystem.

This approach allows prediction markets to integrate with Hyperliquid’s existing trading environment rather than creating a standalone platform.

A notable feature of HIP-4 is the economic requirement placed on market creators.

Anyone seeking to launch a permissionless prediction market must post a 500,000 HYPE bond before a market can go live.

Based on HYPE’s current price near $60.92, that requirement represents roughly $30.5 million worth of tokens.

The bond also carries slashing risk, meaning part or all of it can be forfeited if a market creator violates protocol rules or engages in malicious activity.

The mechanism is intended to strengthen accountability while protecting the integrity of markets created on the network.

The proposal also expands the practical role of HYPE within the protocol.

Beyond its existing functions, the token becomes a core economic requirement for launching new prediction markets, linking network participation directly to token ownership.

Hyperliquid price analysis

Hyperliquid’s native token, HYPE, was trading at $60.92 at the time of writing, down 0.2% over the past 24 hours.

During the same period, the token moved between $59.85 and $61.57, showing relatively tight price action.

Overall, the recent trend has been weaker over longer time frames, with HYPE declining 5.4% in the past seven days, 12% over the past two weeks, and 14.1% over the last 30 days.

Even so, the token remains 33.4% higher than it was a year ago, highlighting that the broader trend is still stronger than the recent pullback suggests.

From a historical perspective, HYPE is trading about 21.2% below its all-time high of $76.87, reached on June 16, 2026.

In addition, Hyperliquid continues to attract significant activity across its ecosystem.

The protocol currently secures approximately $6.069 billion in total value locked (TVL), while 24-hour trading volume stands at around $268.29 million, reflecting continued participation despite the recent decline in price.

Technical indicators place $62.16 in focus

Price action has now shifted attention to several technical levels that could determine HYPE’s next direction.

The first major resistance sits at $62.16. A confirmed daily close above that level would place the next resistance around $64.55, making $62.16 one of the most closely watched levels on the chart.

On the downside, HYPE is trading near an important support level at $60.74. Maintaining that level could help stabilise recent price action, while a break below it would shift attention toward the next support at $59.18.

Momentum indicators also show that the market has not reached an extreme condition.

The Relative Strength Index (RSI-14) currently reads 42.89, placing it in neutral territory rather than in either overbought or oversold conditions.

The moving average structure, however, presents a mixed picture.

HYPE remains below its 10-day, 20-day, and 50-day exponential moving averages, indicating that short-term momentum is still under pressure.

However, the token continues to trade above both the 100-day and 200-day exponential moving averages, suggesting that the longer-term outlook remains intact despite the recent correction.

The post Hyperliquid price analysis: Can HIP-4 prediction markets push HYPE above $62? appeared first on CoinJournal.

• 64 billion SHIB have left crypto exchanges today, so far.
• SBI inherited 1.111 trillion SHIB through the Coinhako acquisition.
• Exchange reserves climbed to 86.497 trillion SHIB.

Shiba Inu (SHIB) is navigating two very different stories at the same time.

On one side, the token is gaining more exposure in Asia through a major corporate acquisition involving one of Japan’s largest financial groups.

On the other, fresh on-chain data points to renewed selling pressure as more SHIB moves onto exchanges.

The conflicting signals have left the token under pressure, with buyers struggling to regain momentum despite positive adoption news.

Exchange outflows add pressure to SHIB price

Shiba Inu traded around $0.00000409 after extending its recent decline, reflecting a broader period of weakness across the cryptocurrency market.

The latest on-chain data suggests that exchange activity has become a key factor behind the token’s muted performance.

Data from CryptoQuant showed that 173.45 billion SHIB flowed into cryptocurrency exchanges over the latest 24-hour period, while 271.09 billion SHIB left exchanges.

That resulted in a negative exchange netflow of 97.64 billion SHIB, indicating that more tokens exited trading platforms than entered them.

The latest figures also showed that exchange reserves climbed to 86.497 trillion SHIB, highlighting a larger pool of tokens sitting on trading venues.

During the previous 10-day period, on-chain data showed more than 1.4 trillion SHIB leaving centralised exchanges.

Those outflows had reduced the amount of SHIB immediately available for sale and were viewed as a stronger accumulation signal.

Instead, the latest data points to a reversal in that trend.

Combined with the recent decline in price, the higher exchange balances illustrate the increased selling activity that has weighed on SHIB over recent trading sessions.

Japan expansion strengthens SHIB’s long-term visibility

While on-chain data has turned less favourable in the short term, Shiba Inu has simultaneously received a significant boost in institutional exposure through developments in Japan and Singapore.

SBI Holdings, one of Japan’s largest financial services companies, recently completed its acquisition of Coinhako after receiving approval from the Monetary Authority of Singapore (MAS).

The acquisition also transferred custody of approximately 1.111 trillion SHIB, valued at roughly $4.5 million at the time of the transaction.

The holdings were already part of Coinhako’s customer and exchange reserves, meaning the acquisition did not represent a fresh purchase of SHIB from the open market.

Coinhako manages a digital asset portfolio worth more than $164 million, with SHIB ranking among its larger cryptocurrency holdings.

Following the acquisition, SBI expanded its footprint in Southeast Asia while adding another regulated platform that offers SHIB trading against both the Singapore dollar (SGD) and the US dollar (USD).

The transaction adds to Shiba Inu’s growing presence within regulated Asian cryptocurrency markets.

However, the increased visibility has yet to translate into stronger price performance as traders continue to focus on short-term market activity.

The post Shiba Inu price slips as exchange outflows offset Japan boost appeared first on CoinJournal.

• Ondo Finance (ONDO) jumps nearly 16% as trading volume approaches $290 million.
• DTCC-backed tokenised stocks strengthen institutional adoption.
• Bulls eye $0.50 if ONDO reclaims the 200-day EMA.

ONDO token extended its rally on Wednesday after a series of institutional developments strengthened confidence in the real-world asset (RWA) sector.

The token climbed nearly 16% over the past 24 hours to around $0.3737, reaching the upper end of its daily trading range of $0.321 and $0.376.

The price surge comes as Ondo Finance unveiled a new tokenised stock offering backed by infrastructure tied to the US Depository Trust Company (DTC).

The rally has also been accompanied by a sharp increase in trading activity.

ONDO recorded approximately $289.6 million in 24-hour trading volume, reflecting stronger market participation as investors responded to the latest developments.

DTCC-backed tokenised stocks mark a major milestone

The biggest catalyst behind ONDO’s recent gains is Ondo Finance’s launch of tokenised stocks backed by DTC Tokenised Entitlements, introducing a model that connects blockchain-based assets with the infrastructure used by traditional US capital markets.

Unlike many existing tokenized equity products, these digital assets are designed to maintain the same CUSIP numbers and ticker symbols as their underlying securities.

This approach is intended to improve compatibility with existing financial market systems rather than creating a separate blockchain-only ecosystem.

The announcement also highlighted Ondo Finance’s participation in a broader tokenisation initiative involving major financial institutions and market infrastructure providers.

We’re excited to announce that Ondo has launched the first tokenized stock representations based on DTC tokenized entitlements to DTC-held securities generated through the DTCC Tokenization Service.

The Depository Trust & Clearing Corporation (DTCC) is the premier post-trade… pic.twitter.com/r7KcGmDqa9

— Ondo Finance (@OndoFinance) July 15, 2026

Companies including BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange (NYSE) are participating in efforts surrounding tokenised financial assets, underlining growing institutional interest in blockchain-based securities.

As the DTCC’s tokenization infrastructure expands, Ondo Finance plans to distribute tokenized stocks across exchanges, wallets, and decentralized finance applications, widening access to on-chain financial products.

Rising institutional interest supports ONDO’s momentum

The tokenised stock announcement builds on Ondo Finance’s growing presence in the real-world asset market.

The protocol has already established itself as one of the leading platforms for tokenised US Treasury products, and investors are increasingly watching its expansion into tokenised equities.

The broader RWA sector has continued to attract institutional capital as firms explore blockchain technology to improve settlement efficiency and expand access to financial products.

Another factor supporting attention around the ecosystem is the discussion surrounding a proposed 10% ONDO token burn, although no final decision has been made.

The proposal has become one of several developments investors are monitoring alongside continued institutional adoption.

The ecosystem has also benefited from demand for tokenized Treasury products that offer yields of around 5.2% APY, reinforcing interest in blockchain-based financial instruments backed by traditional assets.

The technical picture improves after the breakout

Beyond the fundamental developments, ONDO’s technical structure has strengthened.

The token is now trading close to the top of its recent weekly range of $0.305 to $0.376, while the latest rally pushed the price back above the widely watched 100-day Exponential Moving Average (EMA) though it still remains below the 200-day EMA.

Reclaiming the 200-day EMA would confirm the bullish trend after the prolonged decline.

However, the price surge has been supported by higher trading volume, suggesting that buying activity has accompanied the breakout rather than a low-liquidity price spike.

Eyes are now on the $0.50 level as the next significant resistance area.

A sustained move toward that level would require ONDO to maintain its recent momentum after recording gains of 15.9% over the past seven days and 11.8% during the last two weeks.

The post ONDO price surges as DTCC-backed tokenized stocks fuel bullish momentum appeared first on CoinJournal.

• Injective (INJ) climbed 5.1% after breaking above key technical resistance.
• Strong volume supports a potential move toward $5.30.
• Analysts highlight improving momentum despite macro risks.

Injective is posting one of the strongest short-term performances among major altcoins today.

While much of the cryptocurrency market remained subdued, INJ climbed more than 5% over the past 24 hours, supported by a decisive technical breakout and a sharp increase in trading activity.

The move has shifted focus to the next key resistance level at $5.30.

At the same time, improving on-chain metrics and renewed optimism among market analysts have added to the growing interest in the token.

Technical breakout puts $5.30 in focus

At press time, INJ traded around $5.02 after gaining 5.1% over the previous 24 hours.

The latest rally was largely driven by a breakout above the 30-day simple moving average near $4.85.

Buyers also pushed the token through the 50% Fibonacci retracement level around $5.06, a level that had capped previous recovery attempts.

The surge also stood out because it occurred while Bitcoin was slightly weaker during the same period, indicating that the latest advance was driven primarily by Injective’s own technical setup rather than broad market strength.

Unlike many short-lived price spikes, this breakout was accompanied by stronger participation from traders.

Daily trading volume rose by more than 26% to approximately $86.9 million, suggesting that the move was supported by fresh buying interest rather than weak liquidity.

The next level attracting attention now is the 38.2% Fibonacci resistance around $5.30.

Holding above the $4.85 breakout zone would keep that target in focus, while losing this level could expose the token to another test of support near $4.50.

On-chain activity continues to support the network

The recent price action also comes alongside several encouraging developments within the Injective ecosystem.

The network has processed more than $34 billion in derivatives trading volume, highlighting continued activity across its decentralised finance infrastructure.

At the same time, Injective has strengthened its stablecoin ecosystem through native USDC support, making it easier for users and developers to access on-chain liquidity.

Another closely watched metric is the Community Buyback mechanism.

More than 7.1 million INJ have now been permanently removed from circulation through the program, reinforcing the network’s long-term deflationary model.

The latest CoinGecko report puts Injective’s growth into perspective.

Top 10 L1 by protocol revenue, $34B+ in derivatives volume, native USDC, and 7.1M+ $INJ burned through the Community Buyback.$INJ keeps proving its strength with real onchain activity. @injective pic.twitter.com/Fe39MnS5Hm

— LOST CAT (@0x_Eligible) July 14, 2026

Protocol revenue has also remained among the strongest across Layer-1 blockchain networks, reflecting sustained activity rather than growth driven purely by speculation.

Although there were no major partnership announcements or protocol upgrades directly linked to the latest price increase, these on-chain metrics continue to provide additional context for the token’s recent resilience.

Analysts point to improving market structure

Market participants have also been watching several technical assessments published over the past few days.

Veteran financial trader Matthew Dixon said the broader cryptocurrency market could still form a meaningful low later in the year, but identified Injective as one of the stronger-looking altcoins.

According to Dixon, INJ established an important bottom between $2.60 and $2.80 before advancing toward the $6.80 to $7.00 area in what he described as a possible five-wave structure.

More importantly, the subsequent correction failed to create new lows and remained above major Fibonacci retracement levels, a pattern he considers healthier than that seen in many competing altcoins.

Dixon highlighted several important support levels for traders to monitor, including $4.57, $4.32, and $4.14. He also noted that the Relative Strength Index, or RSI, was hovering near 53, indicating that momentum was rebuilding instead of weakening.

Dixon added that if Bitcoin experiences another broad market decline of roughly 20%, Injective could revisit $3.75, with $3.40 representing a more extreme downside scenario during a wider market sell-off.

A separate chart shared by FurkanConsensus also pointed to improving long-term structure. The analyst identified a recurring liquidity and accumulation zone on the weekly chart that has repeatedly preceded major price moves.

Historical examples highlighted by FurkanConsensus include a rally of around 300% after a March 2023 retest of the zone and another advance of roughly 160% following about 70 days of accumulation between March and April 2026.

FurkanConsensus also noted that not every visit to the level immediately led to gains, citing November 2022, when the token briefly touched the area before declining further.

$INJ 1W Chart

I’m not sure, but it looks like the lines on the $INJ chart have been playing out pretty well. I also discovered a new level, which I’ve marked with the green line because it appears price has consistently visited this area for liquidity and accumulation.

Now… pic.twitter.com/VM3o26thZK

— FurkanConsensus 🦇🔊🍉 (@FurkanConsensus) July 13, 2026

Injective short-term outlook remains tied to key support

Despite the recent breakout, the next few trading sessions are likely to determine whether the move develops into a broader recovery.

Maintaining support above $4.85 would leave the door open for another attempt at $5.30, especially if trading volume remains elevated.

A successful move above that resistance could strengthen bullish momentum further.

However, traders should also watch broader market conditions closely.

The reaction to the latest US inflation data and Bitcoin’s ability to hold its own support levels may continue to influence sentiment across the altcoin market.

The post Injective price outlook: INJ breakout signals further upside as bulls target $5.30 appeared first on CoinJournal.