Kategorie: Crypto Markets

• Stellar (XLM) price eyes a breakout as bullish on-chain signals strengthen.
• TVL has surged 11x in 4 months, showing rising investor confidence.
• Derivatives data and RSI hint at a possible bullish reversal.

Stellar’s native token XLM appears to be on the cusp of a significant price breakout as a confluence of technical and on-chain indicators points to a potential bullish reversal in the days ahead.

After weathering a challenging June, where the price retreated nearly 28% from mid-May highs, the token is showing signs of renewed strength driven by investor sentiment, funding trends, and robust blockchain activity.

XLM has steadied after the June slump

As of June 26, 2025, Stellar (XLM) trades at approximately $0.2352, reflecting a 3.2% decline in the past 24 hours, but marking a recovery of nearly 6% earlier this week.

XLM has remained trapped in a descending channel for nearly 45 days, dampening investor sentiment.

However, the token now trades near the channel’s upper boundary—a level often linked to breakout potential.

Despite the declining market cap, which currently stands around $7.34 billion, on-chain fundamentals suggest mounting confidence in the project, hinting that price may soon follow sentiment.

Rising Stellar total value locked has sparked optimism

One of the most striking signals comes from Stellar’s total value locked (TVL), which has surged from a low of $7.2 million in 2024 to over $95.28 million, according to DefilLama.

This TVL increase signals an elevenfold increase in just four months.

This sharp rise in TVL, despite a price drop, implies that investors are committing capital into Stellar’s ecosystem with growing conviction, likely betting on long-term fundamentals rather than short-term volatility.

The TVL trend reflects increasing usage of Stellar-based DeFi platforms such as Scopuly, which recently hinted at a breakout being imminent and placed a target around the $0.46 level.

Address activity and sentiment strengthen the bullish stance

Beyond TVL, Stellar’s on-chain usage also supports the bullish case, as reflected in rising monthly active addresses and a surge in recurring user activity.

According to Dune Analytics, May recorded 263,250 active addresses, including 173,670 recurring and 89,590 new users, indicating increasing participation across the network.

This increase in address activity, combined with Santiment’s weighted sentiment flipping positive around the $0.225 level, points to fading fear and a return of speculative confidence.

Technical indicators signal a possible bullish reversal

From a charting perspective, the $0.253 resistance level has emerged as a critical short-term hurdle that bulls must clear to confirm a breakout from the current bearish structure.

If XLM manages a daily close above this resistance, analysts expect a double-digit rally toward the $0.285 region, and possibly higher toward $0.40, where previous sell-offs began in mid-May.

The RSI, currently at above 37, has recovered from oversold territory and could reinforce bullish momentum if it breaks above the neutral 50 level in the coming sessions.

Similarly, the MACD is approaching a bullish crossover, which would add another layer of confirmation for technical traders looking for a long entry.

With the $0.2280 support holding firm and resistance at $0.2703 within reach, XLM may soon determine its short-term fate depending on how the price behaves at the critical $0.253 zone.

If the bulls maintain momentum and break this barrier, a multi-week rally could unfold, driven not by hype but by deep-rooted investor interest and expanding on-chain fundamentals.

The post XLM price prediction: Stellar on-chain metrics hint at possible bullish reversal appeared first on CoinJournal.

• Zilliqa 2.0 launches with full EVM and PoS support.
• ZIL has held a key Fib level amid bearish market trends.
• Institutions eye ZIL as DeFi and fintech projects integrate.

Zilliqa, the once high-flying blockchain project known for its early use of sharding, has officially launched version 2.0 of its network, marking a major step toward institutional-grade infrastructure and Ethereum compatibility.

This sweeping protocol overhaul introduces several technical upgrades and lays the foundation for a new era of adoption, as it seeks to regain relevance in a rapidly evolving blockchain ecosystem.

With ZIL now trading more than 95% below its all-time high, investors are asking whether this upgrade could trigger a sustainable recovery in price.

Zilliqa 2.0 brings full EVM support and institutional features

The shift to Zilliqa 2.0 is more than a cosmetic upgrade; it represents a full protocol transformation designed to address long-standing limitations and unlock new use cases.

With the integration of Ethereum Virtual Machine (EVM) compatibility, developers can now deploy Ethereum-native smart contracts and decentralised applications (dApps) on Zilliqa with minimal code changes.

This crucial update makes the network interoperable with the broader Ethereum ecosystem, significantly expanding its utility and appeal.

In addition to EVM support, Zilliqa 2.0 introduces a new Proof-of-Stake consensus mechanism, replacing the original Proof-of-Work design and aiming to enhance scalability, energy efficiency, and decentralisation.

The modular architecture now allows for customizable shards, cross-chain communication, and light client support, all of which are geared toward enterprise-grade performance and flexibility.

Developers and institutions take a second look at Zilliqa

The revamped network has already drawn interest from fintech and DeFi projects, with early integrations such as LTIN and deBridge laying the groundwork for tokenised assets and regulated liquidity flows.

DeBridge, in particular, plans to bring native USDC to Zilliqa, marking a key milestone in its push toward cross-chain liquidity and institutional relevance.

Moreover, the updated staking mechanics are aimed at simplifying validator onboarding while rewarding early migration from version 1.0, an effort to quickly shift liquidity to the upgraded network.

According to Zilliqa’s interim CEO, Alexander Zahnd, the platform’s new direction is built on trust and technical excellence rather than hype, with a roadmap that includes privacy-preserving features, digital identity tools, and smart accounts.

These long-term enhancements are intended to future-proof the protocol and ensure that it can serve both compliance-focused institutions and the broader crypto developer community.

ZIL is struggling to hold key support amid price weakness

Despite persistent downward pressure in the broader crypto market, Zilliqa’s native token ZIL has recently shown signs of technical resilience around key Fibonacci levels.

According to crypto analyst Emilio Bojan, ZIL bounced cleanly off the 0.618 Fibonacci retracement level at $0.01042 and is now holding above the 0.5 zone, suggesting buyers are stepping in at critical support.

This technical setup has fueled cautious optimism among bulls who are now eyeing a short-term move toward the $0.01129 level, which remains the next immediate resistance.

#Zilliqa $ZIL is respecting the Fib levels like a textbook move 📈
Bounced clean off the 0.618 Fib ($0.01042) and holding above the 0.5 zone.
As long as bulls defend these retracements, $0.01129 remains in play.#ZIL #ZilliqaArmy pic.twitter.com/pqK9l5Tmlk

— Emilio Crypto Bojan (@EmilioBojan) June 25, 2025

Although the price has fallen by over 40% in the past year and by nearly 17% in the last month, recent rebounds suggest that the asset may be attempting to establish a bottom, especially as the fundamentals undergo a significant transformation.

Zilliqa price forecast

At the time of writing, ZIL was trading at $0.01063, down 2.2% over the past 24 hours and showing a trading volume of $9.88 million, which is 1.5% lower than the previous day—an indication of slowing momentum.

The circulating supply stands at just over 19.5 billion tokens, with a total cap of 21 billion, giving it a market capitalisation of around $207.6 million and placing it at position 268.

ZIL remains over 95% below its all-time high of $0.2554 reached in May 2021, and 345% above its all-time low of $0.002396 from March 2020, underscoring its potential volatility and upside if sentiment turns.

Although the network upgrade is fundamentally bullish, traders are likely to remain cautious in the short term until price action confirms a reversal supported by stronger volume and sustained interest.

Nevertheless, the structural improvements brought by Zilliqa 2.0 could eventually pave the way for long-term recovery if they translate into real user growth and ecosystem traction.

The post ZIL price prediction as Zilliqa transitions to 2.0 introducing EVM compatibility appeared first on CoinJournal.

• Whale-to-exchange transfers drop to zero.
• CMF and MACD show bullish momentum.
• Price could retest $3.40 or fall to $1.54 if demand fades.

XRP has spent most of the second quarter stuck below the $3.00 threshold, failing to register a meaningful breakout despite multiple attempts.

At the time of writing, the cryptocurrency is trading at $2.17, down by 0.32% in the last 24 hours.

The price level marks a continuation of the range-bound movement XRP has hovered around since mid-April.

The prolonged consolidation comes as broader market volatility eases and investors await catalysts that could define price action in the third quarter.

Technical and on-chain indicators, however, suggest that XRP may be on the verge of a trend reversal.

With key metrics such as the MVRV Z-score signalling undervaluation, and whale sell-offs slowing to a standstill, market dynamics appear to be shifting.

If these developments persist, XRP could break its sideways trend and move towards retesting its previous highs from January.

Undervalued status based on MVRV Z-score

XRP’s current Market Value to Realised Value (MVRV) Z-score is at 2.13.

Historically, XRP has reached overbought levels when this metric moves between 3.45 and 6.72.

In January, for example, the Z-score stood at 6.65 when the token hit $3.25, followed by a price rejection and eventual correction.

Similarly, a failed recovery attempt in March also coincided with a relatively high Z-score.

These instances contributed to the token’s recent consolidation.

However, the current reading suggests XRP remains undervalued based on market conditions, and that the downward pressure from previous overvaluation periods may be easing.

If accumulation begins to build, a new rally could follow.

Whale activity hits zero as selling pauses

Large-scale holders, often referred to as whales, have historically played a major role in XRP’s price movements.

According to recent data from CryptoQuant, Whale-to-Exchange Transactions have dropped to zero.

Just two days earlier, there were 2,716 such transactions, indicating active selling pressure.

The drop to zero suggests that whales are no longer moving their holdings to exchanges, likely opting to hold instead of liquidating.

This pause in sell-offs could help stabilise XRP around the $2.17 level and position the cryptocurrency for potential upside.

Some of the sentiment shift may be attributed to macroeconomic expectations, particularly around monetary policy.

With speculation growing that the Federal Reserve may introduce interest rate cuts between July and September, investors are reassessing their exposure to risk assets.

If borrowing costs decrease, capital could flow back into the crypto market, including XRP.

Technical indicators support bullish setup

The daily price chart presents several technical signals that align with the bullish on-chain data.

The Chaikin Money Flow (CMF), an indicator of buying and selling pressure, has crossed above the zero line and is now approaching the upper boundary of a falling wedge pattern.

A breakout from this structure could confirm the beginning of a new uptrend.

The Moving Average Convergence Divergence (MACD) indicator has also flipped bullish, showing a crossover that supports upward momentum.

If this trend holds, XRP may surpass the resistance at $2.25 and move towards $2.69, which corresponds to the 0.236 Fibonacci retracement level.

Beyond that, if sustained volume supports the rally, XRP could attempt a retest of its January peak at $3.40 before the end of the next quarter. Should momentum continue, a new all-time high may be within reach.

However, a reversal remains possible if whale activity resumes or broader market demand softens.

In such a case, XRP could decline to the $1.54 level, aligned with the 0.618 Fibonacci support.

The post XRP price consolidates below $2.20 as whales halt sell-offs, breakout eyes $3.40 appeared first on CoinJournal.

• BaFin has ordered a 42-day USDe redemption, ending Ethena GmbH operations.
• ENA price is struggling to hold the support near $0.26 amid consolidation.
• A break above $0.2700 could trigger short-term upside targets, while a break below could trigger a further decline.

The price of Ethena (ENA) is under pressure as traders digest a major regulatory move by BaFin, Germany’s financial regulator, which has ordered the shutdown of Ethena GmbH and introduced a 42-day redemption window for USDe stablecoin holders in the European Union.

The announcement has added a fresh layer of uncertainty around Ethena’s operations in the region, while simultaneously raising critical questions about the future of its stablecoin and its broader compliance strategy.

In line with the regulatory headwinds, ENA is holding a key support level, sparking cautious optimism among some market participants who are watching for the next move.

BaFin ends Ethena GmbH probe with redemption deal

On June 25, BaFin and Ethena GmbH reached a formal agreement to close their months-long regulatory standoff through a supervised redemption process for USDe holders within the EU and EEA.

This decision follows a crackdown that began in March, when BaFin blocked Ethena GmbH from distributing its USDe stablecoin and froze its reserve assets due to violations of the Markets in Crypto-Assets Regulation (MiCA).

Then, on April 15, Ethena announced it was winding down its operations in Germany.

BaFin argued that sUSDe, a yield-bearing version of USDe, qualified as an unregistered security under EU law, triggering the enforcement actions that eventually forced Ethena Labs to retreat from Germany.

Under the agreed terms, USDe holders in the EU have until August 6 to submit redemption claims directly with Ethena GmbH.

After the deadline, any unresolved claims will have to be filed with Ethena’s offshore entity in the British Virgin Islands, effectively ending the company’s regulated operations within the EU framework.

Ethena Labs stated that once the redemption process concludes, it will have no outstanding issues related to its German entity, though it did not clarify whether it plans to return to the EU market in the future.

ENA token struggles but shows resilience

Amid this regulatory backdrop, ENA’s price is showing signs of consolidation, with buyers defending a critical support zone near $0.26.

Although the token has lost over 30% in the past month and more than 55% over the last year, price action indicates that a potential reversal could be forming, provided bullish momentum builds above the $0.2700 level.

Currently, ENA is trading at $0.2613 after a modest intraday decline of 3.2%.

It remains within a narrow range between $0.2602 and $0.2757 over the past 24 hours.

Analysts note that if ENA can reclaim the $0.2700 resistance level with strong volume, a short-term breakout toward $0.2735 and possibly $0.2768 could follow.

However, if the token closes below $0.26, the setup would be invalidated, increasing downside risks and possibly inviting further selling pressure.

The post Ethena price forecast as BaFin orders 42-day USDe redemption appeared first on CoinJournal.