Schlagwort: blockchain analysis

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Ether could dip below $3,400 after retesting the $3,730 resistance; Check forecast

Key takeaways

  • ETH is down nearly 2% and now trades around $3,600.
  • The second-largest cryptocurrency by market cap could drop below $3,400 if market conditions remain bearish.

Ether fails to stay above $3,700 as market correction continues

Ether, the second-largest cryptocurrency by market cap, lost 2% of its value over the last 24 hours. The negative performance comes as Ether failed to take out the $3,730 resistance and briefly dropped below $3,600.

At press time, Ether is trading at $3,620 and could drop lower if the market conditions remain bearish. The bearish performance also comes despite Ether ETFs recording inflows of $73.22 million on Tuesday, likely driven by the SEC’s guidance on staking activities not being securities offerings.

Nate Geraci, president of NovaDius Wealth Management, explained that the guidance has cleared the last hurdle, stopping the market regulator from approving spot ether ETFs with staking.

Ethereum retests its daily resistance at $3,730, could drop below $3,400

The ETH/USD 4-hour chart remains bullish as Ether has defended its price above $3k over the last few weeks. On Tuesday, Ether faced rejection from its daily resistance level at $3,730 and declined by more than 3%. 

At the time of writing on Wednesday, it continues to trade in red at around $3,620. The technical indicators suggest a weakening bullish momentum, which could see the price drop further in the near term. 

ETH/USD 4H Chart

If that happens, ETH could drop below the $3,400 low created over the weekend. An extended bearish run could result in Ether retesting the valid trading range around $3,077 for the first time since July 14.

The RSI of 53 suggests a weakening bullish momentum, while the MACD continues to hold a bearish crossover and supports the correction thesis. If the RSI remains above 50, the bulls could regain control of the market and push ETH above the daily resistance at $3,730 in the coming hours or days. Ether could also extend the recovery toward its next key resistance at $4,000.

The post Ether could dip below $3,400 after retesting the $3,730 resistance; Check forecast appeared first on CoinJournal.

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Pendle price forecast: PENDLE could reclaim $4.5 as adoption grows

Key takeaways

  • PENDLE is down 1% in the last 24 hours as the broader crypto market undergoes a correction.
  • The coin could rally towards $4.5 soon after sweeping liquidity to the downside.

PENDLE defends its price above $3

The cryptocurrency market has been bearish since the start of the week, with most coins and tokens currently in the red. Memecoins have recorded bigger losses as they are more volatile compared to other narratives in the crypto ecosystem.

PENDLE, the native coin of the Pendle ecosystem, has lost 10% of its value over the last seven days but could bounce back soon. At press time, the coin is trading at $3.870 after defending its price above $3.5.

The primary catalyst behind a possible rally would be Pendle launching Boros on Arbitrum, allowing users to trade funding rates of Bitcoin and ether perpetual markets. Boros enables traders to go long or short on funding rate exposure using “Yield Units” (YUs), which are structurally similar to Pendle’s existing Yield Tokens.

This integration could boost PENDLE’s adoption, resulting in a price surge in the near to medium term.

PENDLE eyes $4.5 after sweeping downside liquidity

The PENDLE/USD 4-hour chart is bullish and efficient after PENDLE swept liquidity to the downside over the weekend. The efficiency could allow PENDLE to rally higher in the near term.

The technical indicators are also bullish, suggesting that buyers are currently in control. At press time, PENDLE is trading at $3.870. After sweeping liquidity to the downside and creating a TLQ at $3.6, PENDLE could surge higher and hit the first major resistance level at $4.5 over the next few hours or days. An extended bullish run would allow the coin to retest its recent high of $5.013. 

PENDLE/USD 4H Chart

The RSI of 46 shows that the selling pressure is fading. However, RSI needs to stay above 50 for PENDLE to embark on a sustainable rally. 

On the flipside, PENDLE could retest the $3.6 weekend low if bullish momentum fails to hold. Failure to defend the weekend low would allow PENDL to retest the $3.090 support level for the first time since June.

The post Pendle price forecast: PENDLE could reclaim $4.5 as adoption grows appeared first on CoinJournal.

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Large-cap alts: LTC gains 12%, XRP at key level, SOL lands double institutional buy

  • Litecoin leads today’s gainers with a 13% jump, renewing interest in large-cap alts.
  • XRP bulls should defend $3.0 to prevent significant dips.
  • Two firms have purchased Solana worth over $23 million.

Digital tokens recorded minor price actions on Tuesday as the global cryptocurrency market cap soared 0.15% the past day to $3.73 trillion.

Meanwhile, Litecoin led the gainers with an over 12% gain, sparking interest in large-cap and legacy altcoins.

Ripple’s XRP trades at a crucial juncture as bulls defend the support level at $3.0, while Solana sees institutional traction as two companies purchase SOL worth over $23 million.

Let us find out more!

Litecoin leads the gainers

LTC saw remarkable gains in the past day, surging over 12% from $113 to $128 intraday high.

It trades at $125, with an over 200% uptick in trading volume, signaling robust trader activity.

Short-term technical indicators are flipping bullish.

For instance, the 3H Moving Average Convergence Divergence has crossed above the signal line, with green histograms demonstrating a buyer resurgence.

Also, LTC trades well above the 50- and 100-Exponential Moving Averages on the 3-hour timeframe.

That indicates bullish presence, hinting at upside continuation.

However, the RSI of 71 on the daily chart suggests impending overbought conditions.

Thus, the altcoin could retrace from its current peaks before extending towards the $200 target.

Institutional interest from the likes of Mei Pharma, Litecoin ETF momentum, and predicted altseason positions LTC for impressive rallies in the coming weeks and months.

XRP is at a key support zone

Ripple’s native coin hovers at $3.03 after relatively muted price movements in the previous day.

XRP structure suggests short-term struggles as trading volume remains weak.

However, prevailing sentiments could reinforce the $3.0 foothold.

Emerging speculations suggest that the Ripple vs SEC battle might end soon.

Also, the remittance company has gained key recognition from the United States authorities.

Technical indicators support XRP’s bullish bias.

The alt consolidated with a descending wedge setup from December to January, while steadying above the 50-d EMA.

The pattern ended with an upside breakout that catalyzed an over 70% increase in January.

XRP is repeating that performance. The digital coin is consolidating inside a descending wedge following substantial price actions.

The pattern sets the stage for a potential surge to $3.75.

Analyst ChartMonkey trusts XRP could top $4 and rally to $6 in the upcoming sessions.

However, losing the $3 barrier would delay the projected gains, possibly fueling declines towards the support at $2.80 and $2.48.

Institutions pour $23M into Solana

While Litecoin and XRP dominated price charts, institutions loaded up on SOL.

Firstly, crypto infrastructure firm BIT Mining has unveiled its first Solana validator node.

It has bought 27,119 SOL, worth around $4.89 million, to supercharge its Solana treasury.

Commenting on the initiative, BIT Mining Chief Operating Officer Bo Yu said:

This validator launch is a foundational step in operationalizing our Solana strategy. We are not just holding SOL, we are helping power the network. It demonstrates our belief in Solana’s potential and our commitment to building meaningful infrastructure that supports its growth, security, and decentralization.

Secondly, DeFi Development Corp has expanded its Solana holdings with a latest purchase of 110,000 SOL tokens, worth approximately $18.4 million.

That brings its total investments to 1.29 million SOL, valued at over $215 million.

That’s a significant balance since DeFi Dev Corp started its purchase after launching its crypto treasury strategy in April this year, 2025.

SOL trades at $165 after losing 1% in the past 24 hours.

The post Large-cap alts: LTC gains 12%, XRP at key level, SOL lands double institutional buy appeared first on CoinJournal.

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Bitcoin fails to stay above $115k despite ETF inflow returning

Key takeaways

  • BTC has dropped to the $114,500 region after breaking above $115k earlier.
  • The coin could decline towards $113k if bullish momentum fades.

Bitcoin ETF inflow returns, but price remains stagnant

Bitcoin, the leading cryptocurrency by market cap, is up less than 1% in the last 24 hours despite positive macroeconomic factors. At press tim,e BTC is trading around $114,500 after failing to hold price above $115k.

The current price action comes after stabilization in institutional flows, with Bitwise reporting $18.74 million in net inflows, a potential reversal after one of the largest ETF outflow days on record last week.

If ETF inflows continue and implied volatility begins to compress, BTC could rally higher, allowing the cryptocurrency to reclaim its previous levels around $118. 

BTC could retest $113k before rallying higher

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has been underperforming over the past few days. The technical indicators remain stagnant as the market continues to consolidate.

The Relative Strength Index of 49 shows that the bearish trend could be fading as it approaches the neutral zone. The MACD lines are also within the neutral zone, suggesting a consolidating market. 

BTC/USD 4H Chart

Bitcoin’s rally is sustainable once the RSI crosses and stays above 50. If the market conditions improve, BTC could rally towards the TLQ at $116k. Surpassing this resistance level would allow BTC to retest the major resistance zone at $120k over the coming hours or days.

However, the market conditions remain unclear, and Bitcoin could undergo a correction. If that happens, the bulls might be prompted to defend the major support level around $112k. Failure to hold this support level would see Bitcoin trade below $110k for the first time since July 9. 

Currently, the market conditions are stable, with no clear bullish or bearish direction for traders.

The post Bitcoin fails to stay above $115k despite ETF inflow returning appeared first on CoinJournal.

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XRP steadies above $3, targets $3.3; Check forecast

Key takeaways

  • XRP is up 1% in the last 24 hours, maintaining its value above $3.
  • The coin could rally towards $3.3 soon as market conditions turn bullish.

XRP maintains price above $3

The cryptocurrency market has been volatile over the past 24 hours, with mixed performances recorded for most cryptocurrencies. XRP, Ripple’s native coin, has maintained its price above the $3 mark after adding 1% to its value in the last 24 hours. 

This latest development comes as investors look forward to next week’s legal update regarding the Ripple and SEC case. Legal expert Bill Morgan revealed that the regulator is expected to update the appellate court by August 15, 2025. However, the SEC is not required to take formal action.

The update from the SEC could involve a withdrawal, a request for more time, or another procedural move. Traders are looking forward to this update and could determine XRP’s performance in the near term. 

Analysts remain confident that XRP’s price could rally towards the $5-$6 region in the coming weeks and months amid growing institutional and retail adoption.

XRP could top $3.3 soon

The XRP/USD 4-hour chart remains bearish as XRP has failed to take out its recent high of $3.66. However, the technical indicators are switching bullish, suggesting that the coin could rally higher soon.

The RSI of 56 shows a growing bullish sentiment, while the MACD lines have crossed into the positive zone. XRP has established strong support at $2.99, and this could serve as the springboard to push its price higher.

XRP/USD 4H Chart

If the bullish trend continues, XRP could surge towards the first major resistance at $3.3, which is also a TLQ level. An extended bullish run would allow XRP to fill the 4H FVG at $3.4 and target the recent high of $3.66.

However, if the market faces a correction, XRP could retest the $2.99 support zone once again. Failure to hold this support level would allow XRP to $2.67 for the first time in three weeks.

The post XRP steadies above $3, targets $3.3; Check forecast appeared first on CoinJournal.