Schlagwort: blockchain markets

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Filecoin price forecast: FIL retests $2.60 as altcoins rise

  • Filecoin price rose 6% as most altcoins spiked amid broader crypto gains.
  • Network growth, capital rotation and macroeconomics are key FIL price catalysts.
  • Filecoin’s pullback support levels are at $2.25 and $2.00.

Filecoin (FIL) price is showing signs of renewed momentum amid a broader altcoin resurgence.

As of writing on September 17, 2025, FIL price had climbed to an intraday high above $2.60, retesting the key resistance level, with bulls helped by increased trading volume and upbeat sentiment across altcoins.

This came as Bitcoin reclaimed $116,000 and Ethereum jumped to nearly 4,600.

Filecoin price jumps 6% on altcoin bounce

The cryptocurrency market is witnessing heightened activity ahead of the Federal Reserve’s interest rate decision on Wednesday.

But as capital rotation keeps Bitcoin’s dominance in check, the Altcoin Season Index has surged to see most of the top altcoins by market cap hit multi-year highs or reach new all-time highs.

Filecoin, in particular, has benefited from this broader bounce, posting a 6% gain over the last 24 hours to reach $2.64.

Meanwhile, trading volume for FIL has spiked by over 50% to hit $288 million.

The run to the intraday peak aligns with the overall altcoin surge, where total altcoin market capitalisation nears its all-time highs.

Institutional interest in decentralised infrastructure projects and the anticipated Federal Reserve rate cut are major tailwinds.

Meanwhile, on-chain metrics for FIL show increased storage deals.

A recent report by Messari showed the metric rising 25% quarter-over-quarter to 3.5 PiB as adoption in enterprise-grade data solutions increases.

“Growth in new deals was likely due to Filecoin Plus onboarding activity, new on-ramp integrations that lowered entry barriers for storage providers, and increased enterprise and research workloads, including datasets from Cornell University (Ramo), The Defiant (Akave), and Humanode via Storacha. Additional demand came from AI and DePIN-related data ingestion,” Messari wrote in their State of Filecoin Q2 2025 report.

Filecoin price prediction

Looking at the technical outlook for Filecoin’s price suggests a potential upward trajectory in the short term.

An altcoin momentum already has analysts forecasting a surge for top alts.

What this means is that capital inflows could push FIL beyond its current consolidation phase.

Filecoin’s jump to above $2.60 and successful retest of robust support at $2.50 give bulls room to target another run.

Filecoin price chart by TradingView

Filecoin price trades above the middle line of a descending channel after a breakdown and retest in August allowed bulls to edge close to the breakout line.

This suggests technical strength and, combined with the market’s rotation away from Bitcoin, puts FIL in position for a potential breakout.

In the short term, target price levels on the upside include $3.55 and $6.00. However, if downside action resumes,  FIL support levels likely to hold firm will be $2.25 and $2.00.

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Immutable (IMX) price rebounds sharply after deep correction: here’s why

  • Whale buys and rising turnover are fueling the Immutable (IMX) trading momentum.
  • Ubisoft and Netmarble deals have boosted Immutable’s gaming profile.
  • Breakout pattern points to a possible push toward $1.00 for IMX’s price.

Immutable’s native token, IMX, is staging a sharp rebound after months of weakness that had left the cryptocurrency lagging behind much of the market.

The token, which has traded sideways for much of the year, has broken out of a prolonged downtrend and is now attracting renewed attention from traders, whales, and major gaming partners.

At press time, the altcoin was trading at around $0.71 with a market capitalisation of nearly $1.38 billion.

This marks a significant recovery from its recent lows, although it still sits nearly 93% below both its 2021 peak of $5.75.

Whales stir the market

One of the clearest signals of renewed confidence in IMX has come from large investors.

On September 13, on-chain data revealed that a whale purchased 4.55 million IMX tokens, worth about $3.2 million at the time.

That move coincided with a 23% jump in large transactions and effectively ignited the current rally.

Whale activity overall has surged by more than 360% in recent weeks, underlining the return of big money to the token.

Such heavy buying not only adds liquidity but also signals conviction that IMX has more upside ahead.

With the token’s 24-hour turnover ratio hovering around 6.2%, trading activity has been robust enough to support the surge without signs of weakening momentum.

If the whale wallets continue to hold rather than take profits, the token could sustain its upward trajectory in the near term.

Gaming partnerships boost Immutable (IMX) credibility

Beyond trading dynamics, Immutable is also riding a wave of optimism fueled by major gaming partnerships.

Ubisoft, one of the biggest names in global gaming, recently announced the debut of its Might & Magic Fates trading card game on Immutable Play, using Immutable’s zkEVM technology for gas-free NFT transactions.

The move was showcased at Gamescom 2025, underscoring the studio’s commitment to exploring Web3 gaming through Immutable’s infrastructure.

Netmarble has also partnered with Immutable in a deal that allows creators to promote upcoming titles, including those linked to the popular Solo Leveling franchise.

Notably, the Netmarble partnership announcement on September 11 coincided with IMX’s breakout from a short-term symmetrical triangle pattern, giving technical traders a bullish signal and strengthening sentiment across the community.

Immutable (IMX) price breakout

So far, the network has onboarded more than 660 games and built a user base exceeding 5.6 million, according to community reports.

The cofounder further revealed on September 15 that several multi-generational Web2 franchises are preparing to onboard in the coming weeks, potentially opening the door to mainstream anime and entertainment IPs.

These partnerships matter because almost 97% of the total IMX supply is already circulating, and the increased use within the gaming industry reduces the token’s inflation risk, contrasting with many other tokens that are still unlocking significant portions of supply.

This gives Immutable (IMX) a stronger foundation for sustainable price growth.

Technical breakout draws traders back

From a technical perspective, IMX’s recent breakout from its symmetrical triangle formation marks the first significant bullish signal after a long decline stretching back to 2021.

Notably, the token’s rebound from its demand zone is a critical shift that could push it toward the psychological $1.00 level if momentum holds.

Some even suggest that the setup could deliver another 40% to 60% move higher in the short term.

The alignment of whale activity, gaming partnerships, ecosystem expansion, and technical strength has revived confidence that Immutable may finally be turning the page after years of correction.

While risks remain and the token’s distance from its previous highs is still wide, the price forecast shows that both investors and industry partners are betting that IMX’s next chapter could be one of growth rather than decline.

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Avalanche price: AVAX holds $30 level as bulls target channel breakout

  • Avalanche (AVAX) price is in the green on Tuesday morning, with bulls hovering above the critical level of $30.
  • Most cryptocurrencies trade at key levels amid the broader market’s anticipation around the Federal Reserve’s meeting and interest rate decision.
  • Institutional interest also continues to grow, with Bitwise filing for an Avalanche spot exchange-traded fund with the US Securities and Exchange Commission.

Avalanche price eyes breakout above $30

While small-cap tokens like Avantis skyrocket to lead top gainers on the day, the Avalanche (AVAX) price hovers green. It currently trades as one of the top gainers among the top 20 cryptocurrencies.

The altcoin traded around $30.50 as of writing on September 16, up 7% in the past 24 hours and an impressive +18% over the last seven days.

It’s a performance that outpaces the global cryptocurrency market’s 1% gain and sees bulls close to the resistance line of a channel breakout.

Trading volume has spiked to $1.18 billion, up by more than 27% in the last day to signal buying pressure.

Avalanche price chart by TradingView

From a technical point of view, chart patterns suggest that AVAX is on the cusp of a significant channel breakout.

While the token has largely consolidated within a descending parallel channel, a recent uptick has bulls looking at a potential corrective pattern that could allow for a retest of $44.

Avalanche has notably breached the critical $27 horizontal resistance level. Holding above this level and piercing the $30 barrier may allow bulls to break above the channel’s upper boundary.

The Relative Strength Index (RSI) at 64 indicates room for gains before overbought conditions hit. A bullish outlook is also supported by the Moving Average Convergence/Divergence (MACD) on the daily chart.

Overall, the chart structure positions AVAX favorably for a move above $30, potentially fueled by ecosystem expansions and DeFi growth.

Bitwise AVAX ETF filing and Fed decision

Compounding the technical optimism are recent regulatory and macroeconomic trends.

One of these is the development that saw Bitwise Asset Management file an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot Avalanche ETF.

This filing, following the establishment of a statutory trust in Delaware, proposes direct exposure to AVAX through custody-held tokens, allowing investors to gain regulated access without managing wallets or private keys.

VanEck and Grayscale are among the top issuers seeking approval for ETFs tracking the AVAX cryptocurrency. Sentiment is high amid anticipation of an SEC nod in the coming months.

Also buoying AVAX price is expectation around the Federal Reserve’s upcoming decision on interest rates.

The Fed meets this week and a 25 basis point cut could inject fresh liquidity into risk assets like cryptocurrencies. Avalanche’s price will rally alongside other altcoins.

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Bitcoin tests $116K resistance ahead of Fed decision; new token launches stir market

  • Bitcoin stalls near $116K as Fed’s policy decision draws focus.
  • Major altcoins trade sideways amid low volumes and uncertainty.
  • Velora (VLR) and Project Merlin (MRLN) set to redefine DeFi ecosystems.

Bitcoin is once again testing the nerves of crypto market participants as its price hovers near $1,16,000, battling a stubborn resistance just as the global spotlight turns to the US Federal Reserve’s mid-September policy meeting.

In the early hours of September 16, Bitcoin traded at $1,15,200, trimming modest overnight gains amid lower trading volumes and a cautious risk mood.

The benchmark cryptocurrency’s market cap stands at a robust $2.29 trillion, with 24-hour volumes just over $52 billion, evidence that, while enthusiasm has tempered, the appetite for digital gold remains very much alive.

The shadow of the Fed’s upcoming decision has left broader markets listless, and crypto is no exception. Investors remain on high alert for clues around possible rate adjustments after a string of resilient US inflation data.

Any shift in policy or surprise rhetoric could produce short, sharp moves across all risk assets, with Bitcoin particularly sensitive given its recent struggle to clear the $1,16,000 threshold.

Bullish momentum still elusive

Ethereum, the second-largest digital asset by market cap, followed suit, changing hands at $4,522.

Ether has struggled to regain bullish momentum since its recent spike to $4,609 and is now trading in a narrow band with tepid demand from larger holders.

Despite a record high in stablecoin activity on its chain last week, ETH appears tethered to macro narratives, quietly mirroring Bitcoin’s cautious trajectory.

XRP, meanwhile, steadied at $2.99 after pulling back from recent local highs.

Recent treasury movements from notable digital asset management firms have steadied sentiment but haven’t sparked breakout momentum, as regulatory debates around the token continue to play out in key jurisdictions.

Solana is also in the spotlight, with its price down slightly to $233.67 following last week’s rally.

The token, known for its fast and low-cost transaction capabilities, has seen volatility creep back in, as short-term traders wade in to capture swings on the back of the broader market’s uncertainty.

Technical analysts note the next major support levels sit close to $220, underscoring the need for positive catalysts to maintain current valuations.

Dogecoin, always the wildcard, is trading at $0.2677 after a 24-hour spell that saw the meme coin flirt with both $0.26 support and $0.28 resistance.

While DOGE’s narrative is often ruled by social media and celebrity hype, the current environment has left even seasoned “shibes” trading cautiously, awaiting clearer signals from both the Fed and broader risk markets.

With key resistance levels drawing closer across major coins, market eyes will remain glued to the outcome of the Fed meeting.

Until then, expect crypto prices to oscillate around their current bands, with Bitcoin eyeing that crucial $1,16,000 break as the catalyst for renewed bullish conviction or yet another test of market resolve.

New launches fuel crypto buzz

Several major crypto launches and ecosystem upgrades are about to shake up the market, promising to unleash a new spark of trading action.

On Tuesday, all eyes are on Velora (VLR) and Project Merlin (MRLN) as they make their much-anticipated debuts.

Velora’s launch signals a push into the next generation of DeFi, with its $VLR token powering intent-based cross-chain trading and unlocking gasless staking and community rewards.

Meanwhile, Project Merlin steps onto the scene offering an all-in-one Web3 ecosystem that connects blockchain entrepreneurs, communities, and investors, complete with a robust launchpad, crowdfunding, and freelance ecosystem, all tied together by the $MRLN token and launching with airdrops across major exchanges.

These releases are more than just hype; they reflect how the industry is charging ahead with technical innovation and shifting toward tailored, ecosystem-first infrastructure.

But it’s not just token launches grabbing investor attention. On the regulatory front, Hong Kong just locked in fresh banking capital guidelines for digital assets, set to take effect in January 2026.

The big shift? Banks are facing a 1:1 capital provision for any exposure to “permissionless” blockchains.

The move is expected to bolster confidence for institutional players looking for a safer entry into crypto markets.

Added to that, Ripple is making headlines via a new partnership in Japan that brings its RLUSD stablecoin further into the nation’s payments rails, underscoring digital assets’ climb toward mainstream financial integration.

The post Bitcoin tests $116K resistance ahead of Fed decision; new token launches stir market appeared first on CoinJournal.

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Pump.fun fundamental analysis points to more gains for PUMP price despite current pullback

  • Binance.US, MEXC, and Coins.ph listings boost Pump.fun token’s liquidity.
  • $33M buybacks support price, but whale exits add selling pressure.
  • $5.5B lawsuit and rising competition pose major long-term risks.

Pump.fun’s native token, PUMP, has been in the spotlight over the past month, delivering triple-digit gains while drawing fresh attention from retail traders and exchanges alike.

Despite a recent dip, fundamental and technical indicators suggest that the token may not be done with its rally just yet.

Several exchanges have listed the PUMP token recently

Over the past months, major exchanges have expanded access to PUMP, a move that has boosted liquidity and visibility.

In July, MEXC listed PUMP/USDT and PUMP/USDC in the Innovation Zone with a convert feature, opening up one of the deepest retail-driven order books in Asia.

On Thursday, last week, Binance.US introduced spot trading for the PUMP/USD pair, giving American traders direct exposure for the first time.

In addition, MEXC has promised to list a Pump.fun token every Monday.

Regional exchange Coins.ph has also joined in, offering PUMP/PHP on its Convert feature to capture demand from Southeast Asia’s growing Solana user base.

These listings signal that exchanges see sustained interest in Pump.fun despite questions over the token’s long-term stability.

The impact of these listings has been immediate. Trading volumes crossed $1.2 billion in 24 hours, with liquidity spreads tightening and new buyers entering the market.

PUMP token buybacks provide stability

Another key factor supporting PUMP’s price is the aggressive buyback program run by the Pump.fun platform.

Since August, the team has allocated roughly 35% of its fee revenue to purchasing tokens on the open market.

Data shows that around $33 million worth of PUMP has been bought back, with daily purchases averaging $1 million to $1.3 million.

These buybacks reduce circulating supply and inject confidence during volatile sessions.

Critics, however, argue that the buyback strategy functions more like market-making than organic demand, particularly since many of the purchases have been made at a premium to earlier trading levels.

Even so, the program has helped prevent sharper corrections and reassured retail traders that the team is willing to defend the token during dips.

$5.5 billion class-action lawsuit and platform rivalry

While the fundamentals appear strong, PUMP is not free of risks.

A $5.5 billion class-action lawsuit filed in July accuses Pump.fun of operating as an unlicensed casino and links the platform to more than $700 million in retail losses.

The case remains unresolved, but its timing coincided with PUMP’s price peak, raising concerns that legal proceedings could trigger risk-off sentiment among larger investors.

Competition has also intensified, with LetsBONK.fun overtaking Pump.fun in daily Solana memecoin launches and capturing more than half of August’s revenue in the segment.

This shift threatens Pump.fun’s fee-driven model, which underpins the buyback strategy and provides value to PUMP holders.

But for now, Pump.fun still maintains dominance in token listings, but sustained erosion of market share could weigh on growth.

ICO whales exit

Adding to the headwinds is selling pressure from early investors.

Reportedly, roughly 60% of ICO participants have exited their positions, with some whales offloading close to $40 million worth of tokens since July.

The initial sale price of $0.004 has become a psychological resistance level, and with more than half of the circulating supply still in the hands of ICO buyers, the risk of additional sell-offs looms over the market.

This dynamic has created persistent overhead resistance and raises questions about how much further buybacks can offset distribution from large holders.

The PUMP price outlook

Despite these challenges, the token’s recent performance has been impressive.

PUMP’s price has surged more than 125% over the past month and more than 60% in the past week, reaching an all-time high of $0.008819 before retreating slightly.

The token currently trades near $0.0078, down around 3.4% in 24 hours as traders lock in profits.

Key technical levels show solid support between $0.00613 and $0.00605, while resistance sits in the $0.00739 to $0.00797 band.

A breakout above the resistance zone could trigger another leg higher, with bulls eyeing $0.00846 as the next target.

Conversely, a break below support would bring the $0.0064 range into play, with potential panic selling if $0.007 fails to hold.

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