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AVAX tops $12 as Grayscale files updated form for ETF

Key takeaways

  • Avalanche’s AVAX is trading above $12 after adding 2% to its value.
  • The rally comes after Grayscale filed an updated form for its Avalanche ETF.

AVAX surges past $12 as Grayscale updates AVAX ETF filing

The cryptocurrency market has been bullish over the last 24 hours, with Bitcoin and other major coins and tokens currently in the green. AVAX, the native coin of the Avalanche, is one of the best performers among the top 30, up by more than 2% in the last 24 hours.

The bullish performance saw AVAX top the $12 mark and could rally higher in the near term. The rally can be attributed to Grayscale updating the sponsor details to Grayscale Investments Sponsors LLC in the S-1 form filed for the Avalanche Trust conversion into an ETF. 

The crypto asset manager has yet to reveal any management or staking fees or waivers. A listing of this ETF on Nasdaq could boost institutional support for AVAX.

Furthermore, AVAX saw a surge in fresh capital inflows as futures Open Interest (OI) jumped 1.66% in the last 24 hours, reaching $499.87 million. This indicates that traders are building new positions, including long and short. 

Despite that, the negative funding rate of -0.0113% indicates that traders are willing to hold short positions by paying a premium. 

AVAX eyes $13.50 resistance level

The AVAX/USD 4-hour chart is bearish and efficient despite the coin adding 2% to its value in the last 24 hours. The rally comes amid growing retail demand after AVAX recovered from the dip that saw it retest the $11.18 support level. 

AVAX/USD 4H Chart

The technical indicators have improved, suggesting a growing bullish bias. The RSI of 52 is above the neutral 50, indicating that the bulls have regained control of the market. The MACD lines have also crossed into the bullish territory, indicating a bullish bias.

If the rally continues and the daily candle closes above the $12.78 resistance, AVAX could rally towards the $13.5 level. 

However, AVAX could retest the $11.18 support level if the bulls fail to take advantage of the growing momentum.

The post AVAX tops $12 as Grayscale files updated form for ETF appeared first on CoinJournal.

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Bitcoin reclaims $87k, eyes $90k resistance level: Check forecast

Key takeaways

  • BTC is up by less than 1% and is now trading above $87k.
  • It could surge towards $90k as bullish momentum builds.

Bitcoin tops $87k despite poor institutional demand

BTC, the leading cryptocurrency by market cap, is trading above the $87k level after adding less than 1% to its value in the last 24 hours. The positive performance comes after Bitcoin dipped to the $86k support level a few hours ago.

The rally also comes despite declining institutional demand in the market. Data obtained from SoSoValue shows that spot Bitcoin ETFs recorded an outflow of $188.64 million on Tuesday,  marking the fourth consecutive day of withdrawals since December 18.

With the holidays, Bitcoin has reclaimed the $87k and could rally towards $90k in the near term. However, if the outflows continue and intensify after the holidays, Bitcoin’s price could see further correction. 

BTC eyes $90k as technical indicators improve

The BTC/USD 4-hour chart is bullish and efficient despite the choppy price action in recent days. The technical indicators have improved, suggesting that the bulls are slowly regaining control of the market.

The Relative Strength Index (RSI) on the 4-hour chart stands at 49, close to the neutral 50, suggesting that the bulls are regaining control of the market. The MACD lines are also converging, indicating a building bullish bias.

BTC/USD 4H Chart

If the recovery continues, Bitcoin could rally towards the next major resistance level at $90,533. This resistance has proven to be hard for Bitcoin to overcome in recent weeks, and we could expect another reaction from this level. 

If this level is surpassed, Bitcoin could rally towards the $94k resistance for the first time since December 10.

However, if the bears regain control of the market, Bitcoin could likely retest the December 18 low of $84,633 in the near term.

The post Bitcoin reclaims $87k, eyes $90k resistance level: Check forecast appeared first on CoinJournal.

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Stellar price forecast: XLM stays below $0.22 as bearish momentum remains

Key takeaways

  • XLM is down by less than 1% and is trading below $0.22.
  • The coin could retest the $0.20 support level if the bearish trend continues. 

The cryptocurrency market is having a bullish Christmas as Bitcoin and other major cryptocurrencies are in the green. Bitcoin is trading above $87k after dipping below $86k a few hours ago. 

However, some major altcoins, including Stellar’s XLM, are still in the red despite the current market conditions. XLM is trading below $0.22 at press time after failing to close above the key resistance earlier this week.

Bearish momentum continues to grow stronger, with Open Interest (OI) and short bets rising. If the bearish momentum continues, XLM could face further selling pressure in the near term. 

XLM derivatives data suggest bearish sentiment

The primary catalyst behind XLM’s bearish performance is the derivatives and on-chain data. According to CoinGlass, XLM’s futures Open Interest (OI) increased to $112 million in the last 24 hours, up from the $30 million recorded the previous day. 

However, the increasing OI hasn’t reflected in the coin’s performance as it continues to trade below a significant support level. 

Furthermore, Coinglass’s long-to-short ratio for XLM reads 0.91, the highest level in nearly a month. This suggests that despite the surging OI, the bearish sentiment in the market remains, with traders betting on the XLM price rising. 

XLM could dip below $0.20

The XLM/USD 4-hour chart is bearish and efficient as the coin has underperformed in recent days. At press time, XLM is trading at $0.21 and could record further losses in the near term. 

XLM/USD 4H Chart

If the bearish trend continues, XLM could retest the December 18 low of $0.20. A close below this psychological level could extend the drop toward the yearly low of $0.16, set on October 10.

The RSI on the 4-hour chart reads 43, below the neutral 50 level, indicating bearish momentum is gaining traction. The Moving Average Convergence Divergence (MACD) lines are also converging, indicating indecision among traders.

On the flip side, if XLM recovers, it could rally towards the key resistance level at $0.22 over the next few hours.

The post Stellar price forecast: XLM stays below $0.22 as bearish momentum remains appeared first on CoinJournal.

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Solana price forecast: is $100 next as SOL extends downturn?

  • Solana (SOL) price traded to around $122 on December 24, 2025.
  • Fresh losses pushed SOL near the critical $120 mark.
  • Waning investor confidence and macroeconomic headwinds see the altcoin at risk of further declines.

Solana has extended its downturn in the final weeks of 2025, dipping below the $130 mark and testing levels around $120.

On Wednesday, prices fell to these lows across major exchanges, and more declines could allow bears to test recent lows of $116.

The $120 zone has acted as intermittent support throughout the year.

But as this decline aligns with a wider cryptocurrency market retracement amid reduced liquidity and profit-taking, SOL looks set for more pain.

In the past year, Solana has underperformed both Bitcoin and Ethereum, with SOL down 38% in the period compared to 11% and 16% for BTC and ETH.

Solana price prediction: is $100 next?

Technical analysis suggests that Solana faces a critical juncture.

Charts show mounting evidence of a bearish breakdown that could propel prices toward $100 or lower in the near term.

A key concern is SOL’s position relative to its 50-day exponential moving average (EMA), currently estimated around $160-$165 based on recent data.

The price trading well below this level signals a loss of short-term momentum and reinforces a downtrend, as the 50-day EMA has acted as dynamic resistance in recent months.

Further supporting the bearish outlook are momentum indicators.

Solana Price Chart
Solana price chart by TradingView

The Relative Strength Index (RSI) hovers in the low 30s to upper 30s across daily and weekly timeframes, approaching oversold territory but not yet indicating a definitive reversal.

In technical analysis, this suggests room for additional downside before exhaustion sets in.

Meanwhile, the Moving Average Convergence Divergence (MACD) histogram shows negative values, with the MACD line below its signal line, confirming weakening bullish momentum and persistent selling dominance.

Chart patterns add to the cautionary narrative.

Solana is testing a weekly neckline support around $120. A decisive break below this could accelerate declines toward deeper supports in $100-$90 region.

What’s bullish for Solana?

Despite these challenges, Solana’s ecosystem fundamentals remain robust.

The network has processed billions of transactions in 2025, maintaining its reputation for high throughput and low fees.

Institutional milestones, including the launch of US spot SOL ETFs and integrations with traditional finance platforms, have provided some counterbalance.

Solana spot ETFs recorded inflows on December 23, even as Bitcoin and Ethereum continued outflow streaks.

While volumes are modest compared to earlier in the month, cumulative net inflows have climbed to over $754 million. That’s bullish for SOL.

However, if institutional interest wavers further, short-term technical indicators align with a broader downtrend.

The post Solana price forecast: is $100 next as SOL extends downturn? appeared first on CoinJournal.

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Bitcoin stalls near $87,000 amid muted institutional participation

  • The Bitcoin price has struggled since dipping from the psychological level of $90,000.
  • There’s risk for a potential bearish extension below $87,000 as risk assets waver.
  • BTC price could dip to $85,000 or lower if bears take control.

The holiday season is here, but unlike previous cycles, Bitcoin (BTC) continues to trade in a narrow range around $87,000 amid bearish conditions.

On Wednesday, BTC fell to lows of $86,411 amid thinning holiday liquidity and waning momentum, with bulls having failed to strengthen above $88,000.

Bitcoin’s failure to reclaim the $90,000 level comes amid sideways action punctuated by broader market caution, where institutional demand appears to have cooled following robust inflows earlier in 2025.

Bitcoin slips amid ETF outflows

The past weeks have seen ongoing withdrawals from US spot Bitcoin exchange-traded funds (ETFs), a shift that aligns with bearish sentiment for BTC and its ETFs from larger investors.

According to data from SoSoValue, spot Bitcoin ETFs experienced a net outflow of approximately $189 million on Tuesday, December 23.

This brought the negative flow streak to four consecutive days. This pattern aligns with broader trends observed throughout late 2025, where year-end de-risking and portfolio rebalancing are expected.

Market experts say this has contributed to reduced institutional participation.

On-chain analytics firm Glassnode has highlighted this trend in recent commentary shared on X (formerly Twitter).

Analysts noted that the 30-day simple moving average (SMA) of net flows into both Bitcoin and Ethereum ETFs has remained negative since early November.

While cumulative inflows for the year remain substantial, well above $57 billion, the recent outflows point to a pause in institutional appetite

“This persistence suggests a phase of muted participation and partial disengagement from institutional allocators, reinforcing the broader liquidity contraction across the crypto market,” the platform stated.

Huge outflows coincide with Bitcoin’s inability to hold gains above the key psychological thresholds at $100,000 and then $90,000.

Short-term pressure currently sees bulls battle downside risks around $87,000.

Bitcoin price outlook: potential for further dips?

From a technical perspective, Bitcoin has faced significant challenges since retreating from the $90,000 mark.

Attempts by buyers to engineer a rebound have faltered as selling pushed prices below $85,000 earlier in the month.

Rejection from above $88,000 now sees BTC revisit lower support levels. Interestingly, this sees Bitcoin further decouple from gold, with the precious metal exploding to a record high above $4,500.

Bitcoin Price Chart
Bitcoin price chart by TradingView

Key indicators point to diminishing upside momentum.

The Relative Strength Index (RSI) has dipped below the neutral 50 level, signaling a loss of buying strength.

Similarly, the Moving Average Convergence Divergence (MACD) shows converging lines that suggest fading bullish impetus. If fresh demand does not materialize, BTC could seek support around $85,000 or lower.

The post Bitcoin stalls near $87,000 amid muted institutional participation appeared first on CoinJournal.