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Why is the price of WAVES token rising?

  • Waves launches AI tools and secures $10M funding for Units Network.
  • Price breaks $1.30 resistance with bullish RSI and MACD signals.
  • Community campaign boosts visibility as altcoin flows support gains.

WAVES is climbing again, and traders are asking why.

Over the past 24 hours, the token has risen by 4.86%, extending its 25% weekly rally.

At press time, WAVES traded near $1.40 after moving between $1.32 and $1.54 in the last day.

This surge reflects a mix of new product launches, technical breakouts, changing market conditions, and stronger community engagement.

New AI tools by Waves lit a spark

WAVES gained traction after the introduction of new artificial intelligence (AI) products designed to support decentralised finance.

In July 2025, the Waves team launched an AI Launchpad and a Liquidity Manager aimed at automating DeFi strategies and improving liquidity efficiency.

These additions gave developers easier access to infrastructure for building and optimising protocols on Waves.

Investor sentiment strengthened further when Units Network, Waves’ EVM-compatible layer-2, secured $10 million in funding from Nimbus Capital.

This institutional backing added credibility to the roadmap and attracted speculative capital.

Traders viewed AI-driven upgrades as solutions to real challenges in DeFi, especially in liquidity optimisation, and positioned accordingly.

The market now awaits adoption figures. Metrics from Q3 2025 on Units Network and AI tool usage will determine whether the bullish momentum can convert into lasting demand for the WAVES token.

WAVES price breakout clears a key barrier

On August 18, WAVES broke through $1.30, a zone that aligned with both the 200-day moving average and a major Fibonacci resistance.

That level now acts as psychological support.

Momentum indicators have confirmed the breakout.

The 14-day RSI printed 68.95, showing strong trend conditions though edging toward overbought territory.

At the same time, MACD recorded a bullish crossover with a rising histogram, confirming that upward momentum had accelerated.

$1.56, the 127.2% Fibonacci extension, is now viewed as the next upside target if price holds above $1.30.

The altcoin shift and community push

Broader market flows also work in Waves’ favour.

Although Bitcoin dominance remains elevated at 58.92%, the Altcoin Season Index has risen 26.47% in one week, signalling capital rotation into smaller-cap projects.

That rotation has given altcoins, like WAVES, a performance boost.

Still, derivatives suggested caution. WAVES Open interest has dropped 4.12% over 24 hours, showing that traders have reduced leverage exposure.

This decline indicates that the rally is being led by spot demand rather than aggressive futures positions.

For a token with a $139 million market cap and an uncapped supply model, shifts in demand can move the price sharply.

Long-term sustainability will depend on whether new tools drive real utility to offset the inflationary design.

At the same time, Waves is currently engaged in an active community campaign.

The project has announced the next “Waves Up in Space” mission, running from August 19 to September 5.

Participants of the “Waves Up in Space” mission are invited to post Waves-related content on Twitter and submit entries through Zealy for rewards.

Community challenges like this often amplify visibility, energise the base, and bring new traders into the ecosystem.

WAVES price outlook

The immediate focus is whether WAVES can hold above the $1.30 support zone with rising volume.

A strong defence of this level could open the way toward $1.56, while a breakdown risks stalling momentum and sending the token back into consolidation.

Beyond technical levels, traders should closely track adoption figures from Units Network, activity on the AI Launchpad, and usage of the Liquidity Manager.

Broader sentiment tied to Bitcoin dominance and altcoin flows will also play a decisive role.

For now, WAVES is rising because product upgrades, strong technical signals, market rotation, and a fresh marketing push all converged at once.

If adoption and demand follow through, this rally could mark more than just a short-lived bounce.

The post Why is the price of WAVES token rising? appeared first on CoinJournal.

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Is BNB heading to a new ATH as market recovery begins? Check forecast

Key takeaways

  • Binance’s BNB is trading at $845 after adding 1.5% to its value.
  • The coin could surge to a new all-time high as the broader crypto market shows signs of a recovery.

BNB tops $845

The cryptocurrency market has had a bearish start to the week, with Bitcoin hitting the $115k level while Ether dropped below $8,200. However, the market is showing signs of recovery, and most altcoins are now in the green.

One of the strongest coins in recent weeks is BNB, Binance’s native coin. BNB hit a new all-time high of $868 five days ago and has generally been bullish since the start of the year. The recent surge saw its all-time high cross the $120 billion mark for the first time in its history.

After dropping to a low of $818 earlier on Monday, BNB has now bounced back above $840 and could rally to a new all-time high in the coming hours or days. BNB’s rally showcases Binance’s status as the largest cryptocurrency in the world in terms of daily trading volume.

BNB targets $900 amid bullish resurgence

The BNB/USD 4-hour chart remains bullish and efficient despite the market’s recent correction. The technical indicators remain bullish, unlike those of other leading cryptocurrencies like BTC and XRP.

The RSI of 54 shows that BNB hasn’t entered into the bearish territory, and the bulls could easily regain control of the market. The MACD lines are also within the bullish zone, suggesting that buyers are currently in control.

BNB/USD 4-hour chart

If the market recovery continues, BNB could surpass its all-time high price of $868 over the next few hours. An extended rally would allow BNB to touch the $900 mark for the first time in its history. BNB’s medium-term target remains $1,000 as analysts remain extremely bullish on the coin.

However, if the bulls fail to take control, BNB could retest Monday’s low of $818 and drop lower to the TLQ at $793. 

The post Is BNB heading to a new ATH as market recovery begins? Check forecast appeared first on CoinJournal.

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Chainlink price forecast as key metrics point to increased onchain activity

  • Chainlink price broke to highs $26 before correcting slightly.
  • LINK is surging amid a spike in onchain activity.
  • Partnerships and adoption trends remain bullish for Chainlink.

Chainlink (LINK) broke above $26 for the first time in months on Monday, surging amid a notable spike in onchain activity.

As LINK pares gains amid broader profit taking, analysts are saying the recent explosion of key network metrics could allow bulls to breach the supply wall at $30 as they target the all-time high of $52 seen over four years ago.

Chainlink sees significant surge in onchain activity

According to Santiment, Chainlink’s onchain activity has witnessed a significant spike in the past week.

For instance, on Sunday, August 17, a total of 9,813 unique LINK addresses executed at least one transaction, while the next day saw more than 9,625 new LINK wallets.

Per the onchain analytics provider, both metrics represent the blockchain network’s highest levels for the year.

“Onchain activity has been even more impressive than the price,” Santiment analysts noted.

Partnerships and LINK reserve

Recently, Visa’s head of crypto, Cuy Sheffield, explained via Visa’s Tokenized podcast, that Chainlink is a major pull for institutional entry into crypto.

Apart from Visa, Chainlink has partnered with ANZ, China AMC, and Fidelity International to bring cross-chain, cross-border settlements to tokenized assets across Australia and Hong Kong.

A Mastercard partnership is also huge for LINK.

Chainlink Data Streams is another solution seeing huge integration. Data Streams are now live for U.S. equities and exchange-traded funds such as AAPL, NVDA and CRCL.

Chainlink also recently partnered with Intercontinental Exchange, the parent company of the New York Stock Exchange.

“Using ICE’s Consolidated Feed data as an input into Chainlink’s derived FX and precious metals rates onchain via Chainlink’s institutional-grade infrastructure is a watershed moment in the evolution of global markets,” said Fernando Vazquez, president of capital markets at Chainlink Labs. “This collaboration signals a pivotal shift towards a unified, globally accessible onchain financial system, with hundreds of trillions in assets on a clear path to tokenization.”

Chainlink Reserve, an effort launched to support Chainlink’s traction in the DeFi and TradFi ecosystems, is also a major boost.

As well as being geared towards establishing Chainlink as a standard solution for global crypto adoption, the program bolsters its tokenized assets growth.

What’s next for LINK price?

Chainlink’s price action amid the surge in network activity suggests bulls are confident in LINK.

Chainlink price chart

Having broken above $20 and strengthened to $26, Chainlink is showing resilience. While bears have a say on immediate LINK price action, analysts say the altcoin could be on the cusp of a significant breakout.

While the key metrics indicate that Chainlink’s network growth is outpacing price gains, there are more bulls who are upbeat about.

A confluence of catalysts such as network integration across decentralized and traditional finance, whale accumulation and macro conditions, is what could propel LINK toward its ATH and into price discovery mode.

LINK traded at the all-time high above $52 in May 2021, a level bulls may target if market conditions align. Currently, the altcoin is on an uptrend since hitting lows of $16 on Aug. 6.

The post Chainlink price forecast as key metrics point to increased onchain activity appeared first on CoinJournal.

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XRP climbs above $3 after ETF delay; Check forecast

Key takeaways

  • XRP is up nearly 2% in the last 24 hours and has climbed above $3.
  • The positive performance comes despite the SEC’s ETF delay.

SEC delays spot XRP ETF applications

XRP, the native coin of the Ripple network, is up nearly 2% in the last 24 hours as it bounces back from its recent low. The positive performance comes despite the United States Securities and Exchange Commission (SEC) delaying its decision on Canary Capital, CoinShares, Bitwise, Grayscale, and 21Shares’ spot XRP ETF applications.

The regulatory agency stated that it had extended its decision on the 21Shares Core XRP Trust from the set deadline of August 20, adding 60 days, setting the new deadline for October 19.

The SEC also delayed decisions on the 21Shares Trust, Grayscale, CoinShares, and Bitwise XRP ETF filings. The delay will provide the SEC enough time to seek public opinion on the proposal and assess any regulatory concerns associated with the Exchange Act.

Analysts expect the SEC to issue final decisions on all eight pending spot ETF applications, including Franklin Templeton, REX-Osprey, WisdomTree, and five others, by October 18.

XRP aims for $3.3 as the market slowly recovers

The XRP/USD 4-hour chart remains bullish and efficient despite XRP’s recent poor performance. The long-term trend remains bullish as XRP looks to set a new all-time high in the near to medium term. 

After holding around the $2.9 support, XRP could rally higher in the short term. The technical indicators are still bearish but point to signs of growing momentum. The MACD lines are within the bearish region, but could soon crossover into the positive zone. The RSI of 43 shows that XRP is not in the oversold region, and bulls could regain control with ease.

XRP/USD 4H Chart

If the recovery improves, XRP could surge past the first major resistance level at $3.39 in the next few hours or days. Support from the broader market would allow it to surpass its recent high of $3.66.

However, if the bearish trend grows stronger, XRP could retest the $2.72 support level over the next few days. The low of $2.08 created last month remains strong and could stand in the short to medium term.

The post XRP climbs above $3 after ETF delay; Check forecast appeared first on CoinJournal.