Schlagwort: blockchain analysis

Key takeaways

• The crypto market recorded losses over the weekend, with ETH briefly dropping below $4,100. 
• The leading altcoin could dip below $4k if the bearish trend continues.

Ether dips below $4,100 as the market experiences a massive dip

The crypto market began the new week with a dip, with Bitcoin and other major cryptocurrencies recording losses. Bitcoin, the leading cryptocurrency by market cap, briefly dropped below $112k, resulting in over $1 billion worth of long liquidations within the last 24 hours.

This also saw altcoins record huge losses. Ether, the leading altcoin by market cap, is down 6% in the last 24 hours. ETH briefly dropped below $4,100 but has since then bounced back and is now trading above $4,200 per coin.

Despite the slight recovery, the market conditions remain bearish, and Ether could record further losses in the near term.

The upcoming Powell speech on Tuesday could give traders an indication of the Fed’s policy moving forward following the rate cut last week.

Ether indicators suggest further selling pressure

The ETH/USD 4-hour chart is bearish and efficient, thanks to Ether losing 6% of its value in the last 24 hours. Ether closed above its daily support level at $4,488 on Friday but has been declining since then. 

It sharply dipped to $4.067 on Monday but has slightly bounced back and now trades at $4,203 per coin. The RSI of 40 is below the neutral level, indicating strong bearish momentum. The MACD also showed a bearish crossover during the weekend, suggesting a bearish momentum ahead. 

If the decline continues and Ether closes below its daily support at $4,232, it could dip toward its next support at $3,593.

However, if Ether holds its price above the $4k level, it could extend its recovery towards the daily resistance at $4,488. An extended bullish condition would allow ETH to hit the $4,633 TLQ level over the next few days.

The market conditions remain volatile, with traders eagerly anticipating Powell’s speech on Tuesday.

The post Ether price forecast: ETH could dip below $4k as indicators lean bearish appeared first on CoinJournal.

Key takeaways

• BTC is down by less than 1% in the last 24 hours and trading around $117k.
• The coin could target the $120k psychological level next, following a recent bullish momentum

Fed rate cut pushes BTC above $117k as bullish trend resumes

The cryptocurrency market performed excellently this week, with Bitcoin bouncing back from its Monday low of $114k to trade above $117k. The positive performance was due to macroeconomic factors, especially the Fed rate cut on Wednesday.

The rate cut allowed Bitcoin to hit the $117k level, with bulls now targeting another high around $120k in the near term. Analysts believe that the rate cut will push liquidity into the crypto market.

In an email with Coinjournal, Sergei Gorev, Head of Risk at YouHodler, stated that the Fed’s rate cut is quite an important factor for the market. 

“This is a positive development for the financial and crypto markets. Cheaper money pushes the quotes higher and higher. As long as liquidity prevails in the markets, the cryptocurrency market will feel quite confident. We will soon see new historical quotes for BTC, which will also support other coins. In addition, the approval of all new altcoin ETFs will also boost inflows into some cryptocurrencies soon.”

Bitcoin bulls target $120,000

The BTC/USD 4-hour chart is bullish and efficient after Bitcoin’s price surged past its 50-day Exponential Moving Average (EMA) on September 10. It found support around the $116k level earlier this week before rallying past the $117k on Wednesday. 

BTC has been consolidating around $117k over the past 24 hours, but could be set to rally higher in the near term. The RSI of 57 shows that the bulls are still in control, with the Moving Average Convergence (MACD) indicator on the same chart displaying a bullish crossover since September 6th. 

If the bullish trend continues, BTC could extend its current rally towards the psychological level of $120,000. An extended bullish run would allow it to hit the $125k mark and set a new all-time high in the process. 

However, if the market corrects and closes below the $116k support level, BTC could face selling pressure and extend its decline towards the next major support and TLQ zone at $113,924.

The post Bitcoin price forecast: BTC eyes $120k despite slight resistance appeared first on CoinJournal.

Key takeaways

• Ether reclaimed the $4,600 level a few hours ago after the Fed cut its benchmark interest rate.
• The leading altcoin could hit the $4,800 resistance level soon amid strong on-chain data.

Ether hits $4,600 as market conditions turn bullish

Ether, the second-largest crypto by market cap and the leading altcoin, is up by more than 1% in the last 24 hours. The positive performance allowed Ether to hit the $4,600 mark a few hours ago, but it has now slightly retraced to trade at $4,580.

The rally comes as the Federal Reserve (Fed) reduced its interest rate by a quarter percentage point on Wednesday. Fed Chair Jerome Powell stated that there was no basis for a larger cut as he defended the Fed’s decision to wait till now to lower interest rates.

Furthermore, Ethereum (ETH) on-chain data shows bullish, suggesting that the coin could rally higher in the near term. The  Ethereum network is experiencing rising whale demand, low selling pressure, network activity recovery, and an increasing stablecoin supply. These strong 

ETH eyes $4,800 as momentum indicators turn bullish

The ETH/USD 4-hour chart is bullish and efficient thanks to Ether’s rally in recent days. The momentum indicators have switched bullish as the market has turned green, with further gains expected in the near term.

The RSI of 54 shows that buyers have regained control of the market. The MACD lines have also crossed over into the bullish zone. If the bullish trend continues, Ether could top the $4,778 resistance level in the near term. However, it would need the support of the broader market to topple its current all-time high price of $4,956. 

If the market decides to undergo a correction after this rally, ETH could retest the recent support level of $4,427. Failure to defend this support could see ETH drop further down towards $4,202.

The post Ethereum price prediction: ETH could hit $4,800 amid bullish on-chain data appeared first on CoinJournal.

• Saudi Awwal Bank taps Chainlink to build regulated on-chain finance apps.
• LINK exchange reserves have fallen to multi-year lows, signalling accumulation.
• LINK’s price has held the $23 support but faces strong resistance near the $25 level.

Chainlink’s LINK token is holding firm near $23 as its partnerships expand and exchange balances fall to multi-year lows.

The combination of institutional adoption, a push into artificial intelligence (AI) infrastructure, and tightening token supply has set the stage for a potential breakout, though traders remain cautious at critical resistance levels.

Saudi Awwal Bank partners with Chainlink for blockchain finance

Saudi Awwal Bank, one of the largest banks in the Kingdom with more than $100 billion in assets, has signed an agreement with Chainlink to begin building regulated on-chain finance applications.

Developers at the bank will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Chainlink Runtime Environment (CRE) to create tokenised applications that can connect Saudi markets to global blockchain networks.

Saudi Awwal Bank (@alawwalsab), one of Saudi Arabia’s largest banks with over $100 billion in total assets, is leveraging several Chainlink services to facilitate the deployment of next-generation onchain applications in Saudi Arabia.

Under the innovation agreement, SAB is… https://t.co/DAvUawI3Yg pic.twitter.com/Zhlm1GJdGp

— Chainlink (@chainlink) September 16, 2025

The agreement aligns with Crown Prince Mohammed bin Salman’s Vision 2030, which aims to diversify the economy beyond oil revenues.

By partnering with Chainlink, the bank is opening a path for tokenised capital markets, an industry valued at more than $2.3 trillion in Saudi Arabia.

This move could accelerate the adoption of regulated blockchain infrastructure in the region, placing Chainlink at the heart of institutional finance in the Middle East.

Chainlink’s institutional push meets AI expansion

The Saudi deal comes on the heels of another strategic move.

On September 16, Chainlink announced it had joined AethirCloud’s AI Unbundled Alliance, a program designed to advance Web3 artificial intelligence infrastructure.

Through this initiative, Chainlink will provide its CRE platform to developers working on AI-powered decentralised applications while also funding hackathon bounties and targeted grants.

By joining the alliance, Chainlink has extended its role from powering decentralised finance (DeFi) to enabling verifiable AI workflows across both blockchain and traditional systems.

This broadens Chainlink’s appeal and positions LINK as a critical piece of infrastructure in the next phase of Web3 adoption.

Shrinking LINK reserves point to accumulation

While adoption headlines are encouraging, on-chain data may be giving an even clearer signal.

The number of LINK tokens held on centralised exchanges has dropped from nearly 200 million in 2023 to about 158.1 million in September 2025.

$LINK on exchanges hit a multi-year low while the biggest institutions on the planet are adopting Chainlink pic.twitter.com/0g78TjNZDu

— Quinten | 048.eth (@QuintenFrancois) September 16, 2025

The steady decline reflects accumulation by long-term holders and reduces the amount of supply available for immediate sale.

In previous cycles, sharp drops in exchange reserves have often preceded major rallies.

This trend, combined with growing institutional partnerships, has strengthened the bullish case for LINK despite recent market hesitation.

Notably, the shrinking reserves are a sign of tightening liquidity that could fuel a price breakout if demand rises.

Chainlink price outlook points to a potential breakout

The current mix of supply-side tightening, expanding institutional use cases, and Chainlink’s entry into AI infrastructure has created a constructive backdrop for LINK.

While short-term sentiment shows caution, the long-term setup is tilted toward growth as demand converges with reduced token availability.

At press time, LINK traded at $23.28 with a market capitalisation of $15.79 billion, according to Coingecko.

The token has traded between $23.18 and $23.73 in the past 24 hours and remains up more than 119% over the past year.

However, it is still trading 55% below its all-time high of $52.70 set in May 2021.

Technical indicators suggest a period of consolidation, with LINK holding support above $23.

However, bulls face heavy resistance at $25. A decisive close above that level could open the way to $26.1 and beyond.

If adoption in Saudi Arabia accelerates and the AI alliance delivers traction, traders believe Chainlink could overcome resistance and aim for higher targets, with some analysts pointing to $52 as a possible milestone by year-end.

On the downside, a break below $23 risks a retreat toward $20 or even $19.53, which analysts view as a key support zone.

The post Chainlink price outlook: Saudi Awwal Bank partnership and shrinking reserves signal bullish breakout appeared first on CoinJournal.

• Shibarium exploit drained $2.4M, shaking Shiba Inu investor confidence.
• Shiba Inu (SHIB) recently tested its 200-day SMA support after a 13% two-day drop.
• Buyers are dominating Shiba Inu futures, hinting at a possible breakout above $0.000017.

Shiba Inu has found itself at the centre of market attention after a sudden downturn triggered by a major exploit on its Shibarium network.

The exploit has shaken investor confidence, pushed the memecoin prices lower, and left the community questioning the security of one of the most prominent meme coin ecosystems.

At the same time, traders are closely watching technical indicators that suggest a potential breakout could be on the horizon if key levels hold.

The Shibarium hack: what happened?

The Shibarium hack, which drained an estimated $2.4 million from the Shibarium bridge, was orchestrated through a carefully executed flash loan attack.

By borrowing millions in Bone ShibaSwap tokens, the attacker gained majority control over validator keys and signed off on a malicious state, siphoning funds from the network.

UPDATE 13/09/25

What we know so far about the recent incident 👇

How the exploit was executed:

• The attacker used funds from the bridge hack in the same block as the attack to acquire 4.6M BONE to temporarily gain validator voting power, attempting to do it in one… https://t.co/4Ft1VMxeBv

— Shib (@Shibtoken) September 13, 2025

Tikkala Research, a blockchain security firm, later confirmed that the exploit extended further, with compromised signer keys linked to ShibaSwap pushing the total loss closer to $2.8 million.

It seems like multiple signer keys appear to have leaked in Shibaswap, causing a $2.8M loss today @Shibtoken. The attacker (https://t.co/B9pqiGqIvy) withdrew multiple times by providing legit Merkle leaf exit requests from a root signed by 10 different addresses. The „legit“…

— Tikkala Security (@TikkalaResearch) September 12, 2025

However, developers have moved quickly to mitigate further losses, freezing staking and unstaking functions while shifting funds into a multisignature hardware wallet.

Security experts from PeckShield, Hexens, and Seal911 have joined the investigation, while the Shiba Inu team has also reached out directly to the attacker with an unusual on-chain bounty offer.

The bounty offers five Ether in exchange for returning the stolen assets, a proposal that remains active for thirty days but begins to shrink after the first week.

Shiba Inu’s lead ambassador Shytoshi Kusama has also broken weeks of silence to assure the community that he remains deeply involved.

Dismissing rumours of his absence as “preposterous,” Kusama confirmed he is working alongside lead developer Kaal Dhairya and others in what he described as a “war room.”

Kusama admitted the situation is complex and called for patience as the team works through the next steps with law enforcement and security specialists.

Market response

The fallout was immediate. Shiba Inu fell by more than 13% within 48 hours, dropping from a September high of $0.00001484 to an intraday low of $0.00001297.

The slide tested the token’s 200-day simple moving average, a critical support zone that traders are now watching closely.

Other tokens tied to the ecosystem were not spared either. Bone lost more than one-third of its value in just a few days, while K9 Finance’s KNINE token shed around 10%.

Shiba Inu price outlook

Despite the hack and the uncertainty that followed, Shiba Inu’s market sentiment has not collapsed entirely.

Shiba Inu derivatives data from Coinglass shows that buyers continue to dominate, signalling resilience even as spot prices hover near support.

Notably, the Shiba Inu price has been tightening within a symmetrical triangle pattern, with consolidation around $0.00001316.

A decisive breakout above $0.000017 could open the door for a move toward $0.00005, although that path will depend on whether confidence in the network can be restored.

The post Shiba Inu price prediction after the Shibarium Hack: critical support tested appeared first on CoinJournal.