Schlagwort: blockchain analysis

Key takeaways

• SEI has reclaimed the $0.30 psychological level, paving the way for further rally.
• The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses.

SEI rallies as BTC and others falter

SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24 hours. The coin added 5% to its value during that period, allowing it to reclaim the $0.30 mark.

The positive performance comes despite Bitcoin, Ether, XRP, and other major cryptocurrencies recording losses. Bitcoin failed to build on its earlier momentum and now looks set to drop below $106k soon.

SEI’s rally comes after the coin added 80% to its value last week. With the bulls still in control, the coin could resume its upward rally soon and set a new 6-month high. 

SEI could rally to $0.430

The SEI/USD 4-hour chart is bullish and efficient, indicating a bullish bias for the cryptocurrency. The efficiency shows that the market has swept liquidity to the downside and could likely rally higher in the short term.

The pair has an RSI of 60, showing that SEI is currently facing buying pressure from investors. Meanwhile, the MACD lines have also crossed into positive territory and read 0.0108, also suggesting that buyers are in control.

With the bullish trend now resuming, SEI could target the first major resistance level at $0.3516. An extended rally would allow SEI to hit the $0.430 level for the first time since January 2025. However, this rally would likely depend on the broader crypto market and how Bitcoin’s price action plays out.

There is still a chance that the market could turn bearish. Any bearish price action could see SEI retest the $0.24 low. An extended bearish run would see SEI hit the Transactional Liquidity (TLQ) around $0.19. However, the bulls have defended this level vigorously over the past few weeks.

The post What’s next for SEI after reclaiming $0.30? Check forecast appeared first on CoinJournal.

Key takeaways

• APT is the best performer among the top 50 cryptocurrencies by market cap, up 7% in the last 24 hours.
• The rally comes after Bitwise filed an amendment to its Aptos ETF application.

Bitwise files an amendment to its Aptos ETF application with the SEC

APT, the native coin of the Aptos blockchain, is the best performer among the top 50 cryptocurrencies by market cap. The coin added 7% to its value in the last 24 hours and now trades above $5 per coin.

The positive performance comes after the Aptos Foundation announced on Thursday that Bitwise has amended its Aptos ETF application with the United States Securities and Exchange Commission (SEC). This is a good sign as it indicates SEC engagement and tracks with other spot approvals.

Furthermore, Aptos will soon launch on Aave V3. These latest developments resulted in buyers taking control of the Aptos market and pushing APT’s price above $5. If the bullish momentum continues, APT could cross the $6 mark soon.

APT targets ILQ at $6.3

The APT/USD 4-hour chart is bearish and efficient, but the lower timeframes have turned bullish thanks to its latest rally. The technical indicators are also turning bullish, suggesting buying pressure.

The relative strength index of 62 shows that more buyers are entering the APT market, while the MACD lines crossing into the positive region cements the assertion. 

If the bullish trend persists, APT could test the Inducement Liquidity (TLQ) level at $6.30 over the coming hours or during the weekend. In the event of an extended rally, APT will take out the Transactional Liquidity (TLQ) at $7.07, its highest level since April 2025. 

However, the 4H chart is still bearish and efficient, which means APT could face selling pressure at any of the above-mentioned liquidity levels. Once mitigated, APT could dip and test the low at $3.72. Failure to defend this support level could allow sellers to short APT below $3 for the first time this year.

The post Aptos outperforms other coins in the top 50; here’s why appeared first on CoinJournal.

• 20-day EMA fails to hold as support in latest move.
• $0.082 upside target now looks distant.
• Trading volume remains steady but lacks buying strength.

Kaspa (KAS), a Layer-1 blockchain protocol known for its blockDAG architecture, had recently emerged as the crypto market’s top gainer.

However, the trend has reversed, with KAS now trading at $0.07533, down 4.17% in the past 24 hours.

This shift follows a brief rally where the coin had broken through a key resistance zone that held for 29 days.

While trading volume remains elevated, the loss in price signals renewed pressure from sellers, dampening the bullish momentum that had been building into the end of the second quarter.

Price breakout loses steam

Kaspa’s earlier move above its 20-day exponential moving average (EMA) suggested a change in short-term market dynamics.

The 20-day EMA often acts as a key indicator of trend strength.

KAS had been trading below this level for nearly a month before the recent breakout, which initially hinted at a shift in sentiment.

However, the current dip back below $0.076 confirms that the bullish breakout has not held, and short-term bias may be turning cautious again.

At the time of writing, Kaspa is trading at $0.07533, below the peak hit during last week’s rally.

This invalidates the earlier assumption that buyers had fully reclaimed control, suggesting that the resistance zone is still in play.

MACD signal weakens after the crossover

The recent bullish crossover in the Moving Average Convergence Divergence (MACD) indicator had hinted at a strong upside.

The MACD line had crossed above the signal line for the first time in weeks, typically an indication of a strengthening trend.

However, with the price now falling, that signal is starting to lose validity, and traders may treat it as a false breakout unless the price recovers swiftly.

Momentum indicators like the MACD are sensitive to price reversals.

When the MACD crossover is not supported by continued price gains, the reliability of the bullish signal comes into question, increasing the likelihood of short-term consolidation or a deeper pullback.

$0.082 remains distant as downside pressure builds

Previously, the next resistance level was seen at $0.082, with potential upside extending to $0.091.

Now, those targets seem more distant, as Kaspa struggles to maintain upward momentum.

If the price remains below the 20-day EMA, further decline toward $0.069 becomes more likely.

The short-term outlook has changed significantly with today’s downturn, and any recovery would need to first reclaim the $0.076–$0.078 range before challenging higher resistance levels.

The zone between $0.069 and $0.076 remains crucial for determining KAS’s immediate path.

The post KAS price slumps 4%: can it bounce back? appeared first on CoinJournal.

Key takeaways

• LTC has defended the $75 low, forming a double bottom in the process.
• The coin could rally towards the next liquidity level at $95 soon.

LTC defends the $75 low, surges to $85

Litecoin’s LTC is recovering nicely from its recent slump and looks set to rally higher in the near term. The cryptocurrency is up 1% in the last 24 hours and now trades above $85 per coin.

The positive performance comes amid a strong recovery from the broader cryptocurrency market. The ceasefire deal between Iran and Israel saw over $200 billion added to the crypto market, with Bitcoin now trading above $107k.

Litecoin’s medium-term rally could also be boosted by the possible approval of a Litecoin ETF. Several firms have already filed for spot Litecoin ETFs with the SEC, and any news of an approval could serve as a big boost for LTC.

LTC targets $95 amid bullish technicals

The LTC/USD 4-hour chart is bullish but inefficient. The inefficiency means that LTC could likely retest a lower liquidity level before rallying higher. LTC could retest the $82 level over the next few hours before it resumes its upward movement.

The MACD lines currently read 0.72 after crossing into the positive zone earlier this week. The RSI of 58 also shows that buyers are regaining control of the market. If the bullish trend grows stronger, LTC could rally towards the $95 mark. 

However, Litecoin will need backing from the broader cryptocurrency market if it intends to surpass the $107 transactional liquidity level. 

LTC’s rally depends on the fundamentals of the broader market. If bears regain control on the back of another conflict in the Middle East, then LTC could retest the $75 low or even drop to the next support level at $66.

The post Litecoin price prediction: Is LTC ready for a breakout after testing the $75 low? appeared first on CoinJournal.

Key takeaways

• Cardano’s ADA is the worst performer among the top 10 cryptocurrencies this week, down 5%.
• ADA could retest the $0.5111 low if the bearish trend continues.

ADA underperforms despite market recovery

ADA, the native coin of the Cardano blockchain, is the worst performer among the top 10 cryptocurrencies by market cap so far this week. The coin has lost nearly 6% of its value in the last seven days and looks set to dip further over the next few hours or days.

At press time, the price of ADA stands at $0.5662, down 2% in the last 24 hours. The bearish performance comes despite Bitcoin, Ether, and other major cryptocurrencies staging a recovery following last weekend’s dump. 

The broader crypto market added nearly $200 billion to its market cap since Monday, with Bitcoin hitting the $108k level. However, ADA is yet to embark on a significant recovery, with the price action still bearish.

ADA to retest the $0.5111 low with bears still in control

The ADA/USD 4-hour chart is bearish and efficient, indicating a strong bearish bias on higher and lower timeframes. The technical indicators are also negative, showing that sellers are currently in control.

The MACD line has dropped into the negative territory while the RSI of 44 shows selling pressure. Both indicators are signs that ADA is currently bearish and could face further downward movements in the near term.

With the sellers navigating the ADA/USD pair, ADA could test the $0.5111 low soon. In the event of an extended bearish run, ADA will likely drop to the $0.4590 support level for the first time since November 2024. 

However, the broader market is bullish, and this could rub off on ADA. If that happens, ADA could retest the previous week’s high of $0.6580. It would take a massive rally for ADA to surge towards the monthly high price of $0.7500.

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