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ZRO price gains 14% to break above key hurdle, defy broader dump

  • ZRO price pops 14% as LayerZero sees a 66% spike in trading volume.
  • The LayerZero Foundation has recently repurchased 50 million ZRO tokens, equivalent to 5% of the total supply.
  • Bulls could target a breakout to $3.25 and then highs above $5 if sentiment holds.

The LayerZero (ZRO) token is among the altcoins to defy the broader crypto dump today, with ZRO price up 14% in the past 24 hours.

Gains for LayerZero come as Bitcoin drops below $110,000 and Ethereum under $4,000.

But like some altcoins across the market, ZRO is seeing an uptick and has broken above the critical resistance zone near $2.20.

LayerZero price jumps 14% — why is ZRO up today?

While most altcoins hit downside action, ZRO is surging amid two notable network milestones.

Potentially, one is the announcement by the LayerZero Foundation of a major token buyback program.

The move triggered an immediate surge in ZRO’s price, with the altcoin climbing from lows of $1.83 to reach highs of $2.24.

A dip to retest the support area at $2.00 has nonetheless seen bulls break the key hurdle at $2.25 to hit highs of $2.33.

ZRO’s uptick aligned with the 50 million token buyback, with about $150 million ploughed back into the market for the tokens.

Traders reacted positively after the 25 million ZRO token unlock event earlier, with the buyback and market reaction helping to offset sell-off pressure.

Crucially, the repurchase has tightened supply and could provide more fuel for bulls.

LayerZero’s recent acquisition of the Stargate cross-chain bridge is another catalyst for ZRO price.

The Stargate integration, approved by the DAO with 94.7% support, came at a crucial time for LayerZero.

Plasma, the platform for global money movement, has unveiled its mainnet.

LayerZero is a key player in the ecosystem, able to bridge liquidity to Plasma via Stargate.

ZRO price has jumped amid these integrations.

What’s next for the ZRO price?

As the LayerZero price rose, trading volume spiked 66% to $173 million in the past 24 hours.

This suggests bulls are buying at current levels, and ZRO’s market value could benefit further.

ZRO price chart by TradingView

The ZRO price outlook also shows bulls are looking to ride a technical breakout.

On the daily chart, the price has broken above a descending triangle pattern’s resistance line.

Notably, technical indicators such as the daily RSI and MACD are flashing bullish signals for ZRO.

Successful retest and breakout from the trendline of a prolonged consolidation phase level will allow buyers to target $3.25 and higher.

Bulls are currently 53% up on the all-time low of $1.50 reached in March.

Meanwhile, the all-time high that counts as a short-term target sits about 70% off current prices at $7.53.

The post ZRO price gains 14% to break above key hurdle, defy broader dump appeared first on CoinJournal.

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YouTube star Mr Beast scoops $900K worth of ASTER in a 3-day buying spree

  • Mr Beast bought 538,384 ASTER tokens in the past three days.
  • He accumulated the dip, purchasing at $1.87 average price.
  • Aster DEX resolved a technical trading issue today and compensated affected users in USDT.

Experienced market players are taking the current market downturn as a chance to buy at lower prices.

On-chain data shows popular YouTuber Mr Beast purchased 538,384 ASTER coins in the past three days.

The star had deposited $1 million in USDT using two wallets, withdrawing tokens worth approximately $990,000.

Details show Mr Beast executed his transaction when ASTER traded at around $1.87 per coin, indicating what many consider a smart “dip buying strategy.

Aster has gained traction lately as perpetual decentralized exchanges dominate trends that Hyperliquid began weeks ago.

Native ASTER has been on steroids this week, soaring continuously from $0.10 on September 17 to all-time highs above $2.4 as of September 24.

However, it has lost the upward steam due to broader market bearishness and profit booking.

ASTER is trading at $1.88 after losing more than 10% of its value within the last 24 hours.

Despite the downside, massive whale actions signal confidence in solid rebounds.

Mr Beast’s bet on Aster has triggered optimism among enthusiasts who anticipate significant growth as the altcoin gains visibility.

One X user commented:

Celebrity entries like this tend to draw mainstream attention, interesting to see how retail sentiment reacts around ASTER after Mr Beast’s move.

Aster DEX sparks debates with swift issue resolution

Mr Beast’s purchase news emerged as the decentralized exchange faced a technical challenge early today.

The team reported abnormal price actions on the XPL trading pair, which liquidated some users.

Meanwhile, the DEX reacted swiftly, solving the issue and reimbursing affected users.

Individuals received compensation in USDT, covering all losses, including liquidation and trading fees.

The official announcement declared:

Compensation for the XPL perp incident has now been fully distributed. All affected users have received reimbursement directly in USDT to their accounts.

The DEX emphasized transparency during the recovery process and urged users with concerns to reach out to the support through Discord.

The prompt action won traders as it reinforced trust in Aster’s ability to safeguard users and ensure transparency during downtimes.

ASTER Price action

The native token trades at $1.88 after dropping over 10% in the previous 24 hours.

ASTER mirror prevailing broader declines, which escalated after the latest USD GDP data revision.

Nevertheless, experts believe the current bearish performance won’t last, forecasting swift rebounds as October approaches.

Investor and analyst @Eljaboom says ASTER is about to explode to $3 as it completes its correction phase.

That would translate to an approximately 60% gain from the market price.

Besides endorsement from Binance’s CZ, Aster gains traction as it taps a unique niche, which looks to dominate the upcoming bull run.

Perpetual DEXs are attracting attention as they blend DeFi’s transparency and self-custody with CEX-like speed, liquidity, and performance.

The post YouTube star Mr Beast scoops $900K worth of ASTER in a 3-day buying spree appeared first on CoinJournal.

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Ethereum price at crossroads, tests key support at $3,800 as analysts point at possible rebound

  • Ethereum ETF inflows show smart money buying despite short-term weakness.
  • Whales are reducing holdings while mid-sized sharks drive accumulation.
  • Heavy ETH liquidations are fueling bearish sentiment.

Ethereum (ETH) finds itself at a critical juncture as price tests support near $3,800 after a sharp pullback from recent highs.

Analysts are now weighing the technical damage against on-chain signals that point in different directions.

Ethereum price under bear pressure

Recently, the price of ETH slipped below $4,000 and is now trading around the mid-$3,800s.

The 24-hour range shows intraday swings between $3,833.75 and $4,051.26, while analysts single out the $3,800–$3,850 band as the immediate line of defence and $3,500–$3,400 as deeper liquidity zones if sellers push further.

Notably, the Ethereum price has fallen beneath the clustered 20, 50 and 100-EMAs, which currently sit roughly between $4,083 and $4,238 and now act as resistance.

Momentum indicators have also weakened, with the four‑hour RSI sitting near 29, indicating oversold conditions that often precede short relief rallies.

Whales offload as sharks accumulate

On-chain flow metrics show notable exchange inflows, with a recent spike of about $66.7 million moved onto spot venues.

That movement coincided with ETH dropping below $4,000, and it signals that some holders are routing coins to exchanges to sell.

Large wallets holding more than 100,000 ETH have trimmed positions sharply, a development many analysts interpret as increased selling by the largest holders.

At the same time, mid‑sized entities — addresses holding between 10,000 and 100,000 ETH — are accumulating and taking a more prominent role in on‑chain ownership dynamics as highlighted by Joao Wedson.

This transfer of supply from the very largest wallets toward a concentrated set of mid‑sized “sharks” has nudged the Gini coefficient higher after months of decline, underscoring renewed ownership concentration among wealthier addresses.

While these movements are seen as dynamic by some, it is also viewed as a double‑edged sword by others since it reduces one class of outsized selling but increase concentration risk.

Liquidations spoil the party as ETFs see hyped inflows

The Ethereum price correction has triggered heavy market liquidations, with roughly $409 million in Ethereum long positions liquidated.

Funding rates on ETH futures have also flashed negative recently, according to Coinglass data, adding to the momentum behind short‑term selling.

Institutional flows, especially on the Ethereum ETFs front, also paint a mixed picture, with some funds recording large inflows while others see significant outflows.

Notably, over the recent week, more than $560 million reportedly moved into ETH‑linked funds, with BlackRock‑led products among the largest recipients, even as REX‑Osprey launched the first US staking Ether ETF.

Ethereum price forecast

Views among market commentators diverge sharply, and long‑term bulls like Ted Pillows argue that ETH could ultimately trend well above $10,000 this cycle, though he anticipates a short‑term revisit to the $3,600–$3,800 area.

Most importantly, reclaiming the $4,083–$4,330 zone would ease bearish pressure and could open a path back to $5,000.

Conversely, a failure to hold critical supports would expose lower bands at $3,162 and $2,874, while the 200‑day EMA sits as a structural defence near $3,350.

The post Ethereum price at crossroads, tests key support at $3,800 as analysts point at possible rebound appeared first on CoinJournal.

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Dogecoin price prediction: DOGE bulls hold the $0.2 support level

Key takeaways

  • DOGE is one of the worst performers in the top 10 this week, down 17% in the last seven days.
  • The bulls are defending the $0.20 psychological level amid a strong bearish price action.

DOGE down 17% this week

The cryptocurrency market has been extremely bearish this week, with Bitcoin dropping below the $110k mark on Thursday. Ether is also trading below $4k, while XRP is holding the $2.7 support level.

However, memecoins usually take the biggest hit. DOGE, the leading memecoin by market cap, is down 17% since the start of the week, making it the second-worst performer in the top 10, only behind Solana.

The bearish performance has seen DOGE’s price slip to the $0.225 level. If the bearish trend continues, DOGE risks dropping below the $0.20 level for the first time since August 6th.

$0.20 in focus as bearish sentiment grows stronger

The DOGE/USD 4-hour chart is bearish and inefficient as Dogecoin has lost 17% of its value since the start of the week. The coin could undergo further correction as Bitcoin and other major coins are in the red.

The RSI of 34 is below the neutral 50, indicating that DOGE is currently under heavy selling pressure. The MACD lines also flipped into the negative zone over the weekend, suggesting a strong bearish bias.

DOGE/USD 4H Chart

If the sell-off continues, DOGE could drop below the $0.20 support level for the first time this month. An extended bearish run would bring the Daily Inducement Liquidity (ILQ) at $0.189 into focus. 

However, if the bulls regain control of the market, DOGE could rally towards the first resistance level at $0.25. Surpassing the 4H ILQ at $0.25 would allow DOGE to surge towards the TLQ and major resistance level at $0.288. 

The market sentiment is currently bearish. The PCE data to be published later today could give traders an indication of the Fed’s move in its next policy meeting.

The post Dogecoin price prediction: DOGE bulls hold the $0.2 support level appeared first on CoinJournal.

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Chainlink price forecast: analysts hint at a possible breakout

  • Chainlink (LINK) hovers near $22 with $21.30–$21.40 as key support.
  • Analysts see $26 short-term and $31 long-term if resistance breaks.
  • Strong $839M trading volume shows steady market participation.

Chainlink (LINK), currently trading around $21.77, has faced notable resistance near $22, prompting technical analysts to assess whether LINK can regain upward momentum and challenge higher price levels.

Notably, despite recent declines, market participation remains robust, underscoring the resilience of the cryptocurrency amid broader market volatility.

Chainlink (LINK) price testing key levels

In the short term, Chainlink (LINK) has been hovering between $21.30 and $21.40, forming an important support zone that traders are watching closely.

A rejection at the $22 pivot could push the price down toward the $20 support area, which remains a critical demand level.

Analysts note that sustaining strength above this range is essential for bulls seeking to regain momentum.

The asset briefly spiked above $21.80 in recent sessions but was met with selling pressure that pushed it back below the key resistance, reflecting the cautious sentiment of traders.

The trading volume has remained strong at approximately $839 million, suggesting that market interest is still active and not limited to thin liquidity.

This level of activity indicates that participants are ready to act on significant moves, which could set the stage for a decisive breakout if buying pressure increases.

Triangle pattern sparks optimism

Analyst Ali Martinez has highlighted a triangle pattern on Chainlink’s weekly chart, which lies between a symmetrical and ascending formation.

The pattern shows converging trendlines, with the upper boundary acting as resistance and the lower trendline offering support.

Martinez suggests that a dip to $16 would create a favourable buying opportunity, pointing to this level as the 0.5 Fibonacci retracement mark.

Should the asset rebound from this support, a breakout from the triangle could push Chainlink toward a target of nearly $100, according to the 1.272 Fibonacci extension.

While the triangle pattern does not fit neatly into classic technical categories, it represents a period of consolidation that could precede a significant price movement.

Another analyst, Crypto Monkey, emphasised that a confirmed breakout above the $22 resistance level may open the path toward $26, while a failure to hold support could lead to a pullback.

These observations highlight the importance of short-term price action in shaping the asset’s trajectory.

Long-term resistance and potential

Beyond immediate trading levels, Chainlink faces a long-term red diagonal resistance that has blocked multiple upward attempts since the 2021 peak.

Analyst MarketMaestro noted that overcoming this barrier is critical for sustaining a bullish trajectory, with $31 remaining the next major long-term target.

Holding above intermediate supports such as $17, $21, and $25 is essential to prevent deeper retracements and to maintain the conditions necessary for another rally.

Despite these technical challenges, LINK’s fundamentals remain strong, supported by growing enterprise partnerships and increasing adoption across blockchain applications.

The combination of solid market interest, strategic technical levels, and a potential breakout pattern makes Chainlink (LINK) a focal point for both conservative investors seeking stability and technical traders looking for high-probability setups.

The post Chainlink price forecast: analysts hint at a possible breakout appeared first on CoinJournal.