Schlagwort: blockchain analysis

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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.

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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.

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FLUID price rallies as Fluid DEX dominates stablecoin swaps across Ethereum and L2s

  • The DEX captured 55.5% of stable-stable swap volume on Ethereum, Base, Arbitrum, and Polygon.
  • Dune data shows Fluid handled more volume compared to all DEXs combined.
  • FLUID tokens surged over 15% in the past day amidst investor interest.

Cryptocurrencies remain elevated today as Bitcoin reclaimed $115,000 after approaching $112,000 on Saturday.

Ethereum steadies above $3,600 as XRP regains the $3 mark.

Meanwhile, lesser-known FLUID grabbed attention with a 15% increase over the past day as Fluid DEX dominated the DeFi scene.

Fluid decentralized exchange accounted for 55.5% of stablecoin-for-stablecoin trading volume on Ethereum, Base, Arbitrum, and Polygon on August 3 (Dune Analytics data).

It outperformed established and long-time market leaders like Curve and Uniswap, and that was enough to stir the DeFi community.

For context, Uniswap captured 25.7%, whereas Curve managed 13.4% of the market share.

The protocol’s native token, FLUID, demonstrates renewed optimism with a 16.10% price rally over the past 24 hours.

Fluid climbs DeFi ranks

Indeed, the stablecoin scene has seen tremendous growth since the US regulated the segment with the GENIUS Act.

Protocols like Ethena remain in the spotlight as yield-bearing stablecoins gain traction.

Meanwhile, Fluid has dominated the vital stable-stable swap segment, maintaining steady growth in trading volumes in the last three months.

Stablecoin-to-stablecoin differ from volatile asset swaps since they power real-world utilities, including arbitrage, liquidity provision, and payments.

Fluid has performed well in this category since May, capturing a notable 55.5% share as of August 3.

What’s fueling the growth

Well, as highlighted above, the stablecoin sector has flourished since the US passed crypto bills, bringing the much-needed regulatory clarity to the digital assets industry.

Furthermore, the remarkable share indicates a platform serving its purpose.

The DEX environment remains competitive, with stablecoin users interested in reliability, fewer fees, and speed.

Fluid’s efficient routing, deep liquidity, and compatibility (especially with cost-effective L2s like Base and Arbitrum) have propelled its upside.

The FLUID decentralized exchange is becoming a go-to platform for traders transacting stablecoins like USDT, DAI, and USDC.

Most importantly, the trend signals behavior shifts in DeFi, with users preferring newer, purpose-centric platforms over legacy giants.

Will it maintain the momentum and overthrow Uniswap and Curve for good?

Transforming stablecoin liquidity?

Fluid might change power dynamics within the DeFi world if it retains the prevailing energy.

While Curve and Uniswap have defined stablecoin swapping for years, neither holds the top position at the moment.

Fluid’s rise could welcome a new era, where users prioritize performance over legacy.

Moreover, it reminds us of the benefits of stablecoin infrastructure.

While the crypto community often gravitates to narratives like NFTs, L2s, and gaming, stablecoin activity remains the backbone of DeFi.

FLUID price outlook

The native token reflected the reinvigorated optimism with notable price gains.

FLUID rallied 16% from yesterday’s $4.7199 to press time $5.48.

The surging 24-hour trading volume highlights renewed momentum, setting the stage for further FLUID rallies.

However, broad market bias remains crucial in determining the asset’s short-term performance.

A sudden selling wave would delay the upside and trigger FLUID dips, whereas continued recoveries will supercharge the alt’s rebound in the upcoming sessions.

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Coinflux could drop below $0.20 after its 14% rally last week; Check forecast

Key takeaways

  • CFX is down 2% in the last 24 hours and risks dropping below $0.20 soon.
  • The coin rallied to a high of $0.27 last week amid growing adoption buzz in China.

CFX dips 2% after outperforming the market

CFX, the native coin of the Coinflux blockchain, is underperforming despite the broader crypto market rallying over the last few hours. The coin has lost nearly 2% of its value in the last 24 hours and risks dropping below $0.20 soon.

This poor performance comes after the coin rallied by 14% last week, hitting a high of $0.27. Its rally comes as analysts predict the coin’s adoption in China as the country warms up to stablecoins.

Reports suggest that Conflux is prepping an offshore-yuan stablecoin, which could make it one of the first stablecoin projects in China. The buzz contributed to CFX adding over 190% to its value over the last 30days.

While CFX has performed excellently over the last few weeks, the coin is still 87% down from the all-time high of $1.70 it achieved four years ago. 

CFX could drop below $0.20 soon

The CFX/USD 4-hour chart is bullish and efficient, as CFX has been performing excellently over the last few weeks. However, the coin could undergo further correction before rallying higher.

The technical indicators remain bullish, suggesting that buyers are in control. The RSI of 52 shows a fading bullish momentum, while the MACD lines are also approaching the neutral zone.

CFX/USD 4H Chart

At press time, CFX is trading at $0.2097. If the correction persists, CFX could retest the Inducement Liquidity (ILQ) at $0.159 in the coming hours or days. Failure to defend this level could see CFX drop to the major support level at $0.102.

However, the CFX/USD pair is bullish and could resume its rally soon. If the bullish momentum returns, CFX could take out last week’s high of $0.2789 before hitting the $0.30 mark for the first time since April 2024.

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