Kategorie: Crypto News

Daily crypto headlines and news about bitcoin, ether, ripple, solana, altcoins, nft, market, business, analysis, nft, metaverse, minting and mining.
Veröffentlicht am

TRON price forecast as USDT supply surpasses $80 billion

  • USDT supply on TRON has surpassed $80 billion, accounting for over 50% of circulating USDT.
  • TRX price is currently at $0.27, but could rise to $0.44 in the short term amid bullish momentum. 
  • ETFs, partnerships, and network growth are likely catalysts for TRON price.

TRON (TRX) price is down on the day, but the blockchain project is making headlines elsewhere as the supply of Tether’s USDT on its blockchain has surpassed $80 billion.

The native Tron token TRX traded at $0.27 on Friday, June 27, with CoinMarketCap showing the price was down under 1%. Intraday highs for the altcoin range around $0.29, and TRON remains in the top 10 by market cap.

However, the question might be, what does the USDT milestone mean for TRON’s price?

USDT supply on TRON hits $80 billion

As the crypto market eyes gains and stablecoin adoption grows, Glassnode has shared details that reveal a dramatic rise in Tether (USDT) supply on the TRON network.

Notably, the Tether-issued US dollar-pegged token has surpassed the $80 billion supply mark as of mid-2025.

This marks a significant leap from earlier years, with the supply growing steadily from negligible amounts in 2020 to over $60 billion by 2024, before accelerating sharply into 2025. As seen in the chart by Glassnode, there’s a steep upward trajectory, reflecting TRON’s increasing role in facilitating stablecoin transactions.

USDT in circulation currently sits at around $157.4 billion. With more than half of the total circulating USDT at $80 billion is dominance that solidifies TRON’s position as a preferred blockchain for stablecoin settlements, outpacing competitors like Ethereum.

The network’s efficiency and low transaction costs have likely driven this adoption, with institutional and remittance use cases further fueling demand.

May 2025 saw a record $684 billion in transfer volume, while 283 million USDT transfers this year highlight explosive user adoption.

TRON price prediction

Currently priced at $0.27 with a 24-hour trading volume of $407 million, TRON has shown resilience.

While price has recently dipped from highs of $0.29, bulls have held above the key support level of $0.20 since early January.

The surge in USDT supply is a bullish signal, as it boosts network usage and attracts more users to TRON’s ecosystem, including DeFi and payment applications.

Looking at the price outlook, several catalysts could drive TRX’s price higher.

The potential launch of TRON-based exchange-traded funds (ETFs) could attract institutional investment, mirroring trends seen with Bitcoin and Ethereum.

Additionally, strategic partnerships—such as collaborations with major financial institutions or further integration with Tether- might prove huge for TRX.

Recently, it was announced that Tron is eyeing a public listing via a reverse merger. The deal, which reportedly eyes an IPO with Nasdaq-listed SRM Entertainment, will transform TRON into a treasury company.

Short-term, TRX might test resistance around $0.30. A breakout above $0.30 will allow bulls to target December 2024 highs above $0.44, which formed TRX’s all-time high. Long term, TRON price will eye a rally to $1.

The post TRON price forecast as USDT supply surpasses $80 billion appeared first on CoinJournal.

Veröffentlicht am

Movement price forecast as MOVE sees 60% bounce from recent lows

  • Movement (MOVE) price saw 1% slump in the past 24 hours, but is up nearly 60% from its June 22 lows of $0.11.
  • Profit-taking and the altcoin market cooldown contribute to the recent pullback.
  • Rebranding and token buybacks fuel optimism for a potential rally toward $0.4.

The price of Movement (MOVE) was down 1.2% in 24 hours as it changed hands around $0.17.

Despite the downturn, the token remained 34% up over the past week and, crucially, nearly 60% up since dipping to lows of $0.11 on June 22, 2025.

Meanwhile, the 24-hour trading volume declined after spiking more than 300% as prices rose to near $0.20 on June 27.

The volume, per CoinMarketCap, stood at $212 million, about 46% down in the past 24 hours.

Why is the MOVE price down?

Movement’s 1.2% drop in the past 24 hours comes as traders likely look to capitalize on the token’s rapid 60% climb from $0.11.

This price level is the cryptocurrency’s all-time low, and the price surging to nearly $0.20 provides a potential opportunity for some profit-takers.

While not good for the MOVE price today, the profit-taking generally aligns with a broader cooldown across the altcoin market.

Despite the threat of a selling pressure, the price remains well above key support levels, signaling that the bullish momentum may not be over.

The 300% spike in trading volume during the rally indicates strong market participation, but the subsequent 46% drop suggests a natural consolidation phase as traders reassess positions.

CryptoQuant analysts are also pointing out that the market is showing signs of cooling down. However, there’s no overheating.

“Currently, Bitcoin is near its all-time high, but the market shows a cooling trend without signs of overheating,” the analysts said on X.

This outlook aligns with Bitcoin’s holding of prices above the $107k level after a sharp bounce from lows below $100k.

Movement price prediction

The outlook for MOVE remains cautiously optimistic, driven by technical and fundamental developments.

Movement’s rebranding efforts are shifting sentiment away from its recent negative outlook.

Additionally, token buybacks are a significant bullish catalyst.

MOVE price recently broke out of a descending channel, a bearish pattern that had constrained its price action.

This breakout, coupled with a surge in trading volume, signals growing bullish momentum.

On daily charts, the Relative Strength Index (RSI) hovers around 59, indicating room for upward movement before reaching overbought territory.

If bullish momentum continues, key levels to watch include $0.23 and $0.34, which align with historical resistance zones.

Above these, buyers can target $0.4 and $0.55.

However, support levels at $0.15 and $0.11 remain critical if bearish pressure reemerges.

The post Movement price forecast as MOVE sees 60% bounce from recent lows appeared first on CoinJournal.

Veröffentlicht am

Fartcoin remains bearish despite hitting $1; Check forecast

Key takeaways

  • Fartcoin is up 5% in the last 24 hours and now trades at $1.01 per coin.
  • The memecoin remains bearish despite its recent rally.

Fartcoins and other leading memecoins remain bearish

The broader cryptocurrency market is recovering from the recent bearish trend caused by the Middle East conflict. Bitcoin, Ether, XRP, and other major cryptocurrencies all recorded excellent gains this week.

However, the memecoin narrative in the broader crypto market remains negative, with most memecoins still in the red. Fartcoin, Dogecoin, Shiba Inu, and Pepe all recorded losses over the last seven days.

Fartcoin has crossed the $1 mark after adding 5% to its value in the last 24 hours. However, the medium-term outlook for the memecoin remains bearish its trading volume continues to decline. This suggests that Fartcoin could face further selling pressure over the coming days and weeks.

FARTCOIN to retest the $0.80 support level

The FARTCOIN/USD 4-hour chart is bearish despite the coin’s recent positive performance. The positive rally can be seen as Fartcoin moving towards the TLQ at $1.109, mitigating the liquidity zone before dipping.

Earlier this week, a death cross pattern formed when the 50-period EMA crossed below the 100-period EMA, implying bearish dominance and likely keeping FARTCOIN weighed down toward the next key support area.

FARTCOIN/USD 4H Chart

If the bearish trend resumes, Fartcoin could retest the $0.80 support level for the second time this week. A break below this level could see Fartcoin hit the next key support level at $0.71. 

The MACD lines are now negative, while the RSI of 54 shows resistance from the buyers. The indicators are currently bearish and suggest that FARTCOIN could drop further.

However, a reversal is possible, supported by the broader cryptocurrency market. If FARTCOIN swings above the 50 midline, the bulls could regain firm control of the market, paving the way for gains past the $1.25 resistance tested on June 17.

The post Fartcoin remains bearish despite hitting $1; Check forecast appeared first on CoinJournal.

Veröffentlicht am

What’s next for SEI after reclaiming $0.30? Check forecast

Key takeaways

  • SEI has reclaimed the $0.30 psychological level, paving the way for further rally.
  • The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses.

SEI rallies as BTC and others falter

SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24 hours. The coin added 5% to its value during that period, allowing it to reclaim the $0.30 mark.

The positive performance comes despite Bitcoin, Ether, XRP, and other major cryptocurrencies recording losses. Bitcoin failed to build on its earlier momentum and now looks set to drop below $106k soon.

SEI’s rally comes after the coin added 80% to its value last week. With the bulls still in control, the coin could resume its upward rally soon and set a new 6-month high. 

SEI could rally to $0.430

The SEI/USD 4-hour chart is bullish and efficient, indicating a bullish bias for the cryptocurrency. The efficiency shows that the market has swept liquidity to the downside and could likely rally higher in the short term.

The pair has an RSI of 60, showing that SEI is currently facing buying pressure from investors. Meanwhile, the MACD lines have also crossed into positive territory and read 0.0108, also suggesting that buyers are in control.

SEI/USD 4H chart

With the bullish trend now resuming, SEI could target the first major resistance level at $0.3516. An extended rally would allow SEI to hit the $0.430 level for the first time since January 2025. However, this rally would likely depend on the broader crypto market and how Bitcoin’s price action plays out.

There is still a chance that the market could turn bearish. Any bearish price action could see SEI retest the $0.24 low. An extended bearish run would see SEI hit the Transactional Liquidity (TLQ) around $0.19. However, the bulls have defended this level vigorously over the past few weeks.

The post What’s next for SEI after reclaiming $0.30? Check forecast appeared first on CoinJournal.

Veröffentlicht am

Jito price outlook as SOL Strategies announces acquisition of 52, 181 JTO tokens

  • SOL Strategies announced the acquisition of 52,181 JTO tokens as part of its newly launched Strategic Ecosystem Reserve (SER).
  • The move is part of the company’s commitment to supporting key projects within the Solana ecosystem, starting with Jito Network.
  • Despite this bullish news, Jito’s price has experienced a decline of 2% over the past 24 hours, trading around $1.93 as of writing.

Jito (JTO) tokens trade near $1.93 on Friday as their decline in recent weeks extends despite top news from SOL Strategies, a publicly traded Solana infrastructure company.

According to market data, JTO price is down 2.2% in the past 24 hours and -13% in the past week.

This downturn suggests that market sentiment may be influenced by broader market trends, with top coins consolidating at key levels following recent gains.

Several altcoins are also down amid specific catalysts, an example being Across Protocol.

SOL Strategies announces ecosystem reserve to support Solana projects

SOL Strategies, formerly Cypherpunk Holdings Inc., has its eyes on bolstering the Solana ecosystem.

In a blog post on Thursday, the company revealed its playbook – a Strategic Ecosystem Reserve (SER) for top Solana ecosystem projects.

The SER is an initiative funded through a portion of the company’s validator revenue and aimed at acquiring and supporting foundational projects.

Initial support is for Jito, the Solana maximal extractable value (MEV) infrastructure and liquid staking protocol.

Per SOL Strategies, 52,181 JTO tokens are the first to make up the SER, a move that could boost the $2.6 billion total value locked Jito Network.

Leah Wald, CEO of SOL Strategies, emphasized that this reserve is not merely a token accumulation strategy but a deliberate effort to back projects critical to Solana’s growth.

“As a technology company focused on building the future of decentralized finance infrastructure, partnerships with foundational providers like Jito align perfectly with our vision. We’re not just investing in tokens — we’re investing in the infrastructure that is driving transaction processing for millions of Solana users while backing a team that is instrumental in driving forward innovation within the ecosystem,” Wald said.

Jito price outlook

While Jito’s price has dipped despite the positive news from SOL Strategies, the strategic acquisition points to institutional investor confidence.

SOL Strategies bets on the fact that Jito is a key player in the Solana ecosystem.

In this case, further support may provide buying pressure for the JTO price.

Jito price chart by TradingView

However, the short-term outlook has the technical indicators – the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) – signaling bearish continuation.

If the technical picture strengthens, bears might extend their dominance and push prices lower.

Support levels lie around $1.58. On the upside, primary resistance could be around $2.10-$2.30.

The post Jito price outlook as SOL Strategies announces acquisition of 52, 181 JTO tokens appeared first on CoinJournal.