Schlagwort: crypto analysis

• RSI stands at 44.62.
• Balance of Power indicator returns a negative reading of -0.23.
• Next key support is at $0.150; resistance stands at $0.185.

Hedera’s native token, HBAR is showing signs of intensifying bearish momentum, as technical indicators like the Relative Strength Index (RSI) and Balance of Power (BoP) suggest a growing dominance of sellers in the market.

The token’s price has dropped 3.4% in the past week, now trading at $0.1703, down from its April high of $0.1747.

This slide has left HBAR struggling to stay above key support levels, with the RSI reading at a concerning 44.62 on the one-day chart.

Source: CoinMarketCap

The RSI, a key momentum indicator used to assess whether a cryptocurrency is overbought or oversold, operates on a scale from 0 to 100. An RSI value below 50 typically reflects weakening price momentum.

In HBAR’s case, its RSI falling below the neutral 50 mark and trending downwards signals mounting selling pressure.

Unless there is a strong upward move, the current trend may reinforce further declines.

Balance of power reading turns negative

In addition to the RSI, HBAR’s Balance of Power indicator has turned negative, with a reading of -0.23 as of the latest data.

The BoP compares the relative strength of buyers and sellers over a defined time frame.

A negative BoP reading means that sellers are currently more dominant, potentially weighing further on HBAR’s price in the coming days.

When BoP remains in negative territory during a downtrend, it reflects continued bearish sentiment across the market.

Combined with HBAR’s underperformance across other indicators, this suggests buyers are currently sidelined and may require a strong trigger, such as a market-wide rally or major development on the Hedera network, to regain momentum.

Price trades below the key trend line

HBAR has also fallen below a descending trend line, reinforcing the bearish setup.

A descending trend line is drawn by connecting lower highs over a period, indicating consistent downward pressure on price.

If HBAR fails to breach this line to the upside, the trend may remain in place.

This formation has kept the token locked in a downward channel for several weeks.

As long as price action remains below the trend line, technical traders may view this as a signal to sell or short the asset.

Should the decline continue, the next key support level lies near $0.150.

A breakdown below this level could pave the way for further losses unless strong demand re-emerges.

What HBAR needs for recovery

While the technical picture remains weak, a few factors could help shift momentum in HBAR’s favour.

A break above the descending trend line, if accompanied by increased volume, could initiate a reversal and allow the token to target a recovery toward $0.185.

This level represents a key resistance area, previously tested in late April.

For that to happen, however, HBAR needs to see renewed investor interest, either from positive developments in the Hedera ecosystem or a broader recovery in the altcoin market.

Without a meaningful catalyst, the token’s momentum indicators continue to suggest bearish conditions in the short term.

The post HBAR price dips 3.4% as RSI and BoP indicators point to increased selling pressure appeared first on CoinJournal.

• The Mantra (OM) token has fallen below $0.40, with RSI at 17.18, signalling oversold conditions.
• 300M OM tokens are scheduled for burning to curb supply, but price recovery remains elusive.
• The Mantra team also plans governance reforms to restore trust, though volatility persists.

The Mantra protocol’s native token, OM, has plunged below $0.40, igniting speculation about a potential rebound as its Relative Strength Index (RSI) drops to an oversold level of 17.18.

This steep decline follows a dramatic crash in April 2025, erasing billions in market capitalisation and shaking investor confidence.

With technical indicators flashing extreme bearish signals and the MANTRA team implementing token burns and governance reforms, the question looms: can OM recover, or is further downside inevitable?

A catastrophic OM token crash and lingering fallout

On April 13, 2025, MANTRA’s OM token plummeted from $6.30 to $0.37 in mere hours.

The collapse slashed the project’s market capitalisation from $6 billion to under $700 million.

Attributed to forced liquidations during low-liquidity weekend trading, the crash sparked rumours of exchange involvement, which the team swiftly denied.

CEO John Mullin released on-chain data to counter claims of insider selling, confirming that team-held tokens remained locked.

In response to the crisis, MANTRA’s leadership took decisive action to curb selling pressure.

CEO John Mullin burned 150 million staked OM tokens from the team’s allocation on April 29, 2025.

An additional 150 million tokens from ecosystem partners are slated for destruction, totalling 300 million OM—roughly 16.5% of the total supply.

This significant reduction aims to tighten supply and bolster investor confidence.

However, the market has yet to respond, with OM lingering below key technical thresholds, suggesting scepticism persists.

Beyond token burns, MANTRA’s team is pursuing structural changes to rebuild trust.

Plans for decentralising validators and upgrading governance aim to enhance the protocol’s resilience and transparency.

These initiatives, while promising, require time to materialise and may not immediately impact price action.

Despite these efforts, investor trust remains fragile, with OM struggling to regain footing.

Market participants remain cautious, with volatility dominating OM’s short-term outlook.

The success of the introduced reforms could determine whether MANTRA regains its former stature or continues to falter.

Technical indicators show the OM token is in an oversold region

From a technical analysis point of view, MANTRA’s price now sits well below its 20-day EMA of $0.51 and 50-day EMA of $0.74, underscoring a pronounced bearish trend.

However, the daily Relative Strength Index (RSI), at 17.01, marks one of the lowest levels since the April crash, indicating extreme oversold conditions.

Historically, RSI readings below 20 often precede relief rallies, as buyers capitalise on perceived undervaluation.

In addition, the MACD has turned bullish with a crossover and the histogram moving above the zero line.

If buying momentum emerges, OM could target the $0.42 resistance, with a break above $0.54 signalling stronger bullish confirmation.

Conversely, failure to hold the $0.37 support risks a slide to $0.30, potentially deepening panic selling.

Can Mantra price stage a comeback?

The convergence of an oversold RSI, significant token burns, and planned protocol upgrades creates a complex outlook for MANTRA.

While technical indicators hint at a possible relief bounce, sustained recovery hinges on restored investor confidence.

The $0.42–$0.54 price range will be critical for bulls to reclaim, while a drop below $0.37 could intensify bearish sentiment.

As MANTRA navigates this turbulent period, its ability to execute on promised reforms and stabilise price action will shape its path forward.

For now, traders watch closely, weighing the potential for a rebound against the risk of further declines.

The post Can MANTRA (OM) price rebound as RSI dips below 20? appeared first on CoinJournal.

• Ethereum is the world’s second-largest cryptocurrency.
• Ethereum’s next major upgrade, Pectra, will go live on 7 May.
• Vitalik Buterin has proposed replacing the Ethereum Virtual Machine (EVM) bytecode with RISC-V.

Ethereum is back in the spotlight as traders prepare for what could be a decisive breakout year.

With the Pectra upgrade scheduled for 7 May, combining two long-planned enhancements—Prague and Electra—the Ethereum blockchain is undergoing major changes.

At the same time, increased staking activity, improved scalability via Layer-2 solutions, and proposals to overhaul Ethereum’s virtual machine are shaping long-term expectations.

These upgrades, combined with falling gas fees and rising developer activity, are fuelling renewed forecasts that put ETH’s 2025 high at nearly $6,000.

Ethereum’s position as the world’s second-largest cryptocurrency by market capitalisation continues to attract institutional attention, even amid volatility.

Its ability to support decentralised applications and token ecosystems makes it critical to crypto’s future.

As activity migrates to cheaper sidechains, the base layer is evolving with efficiency in mind.

Early signals show ETH building momentum

Ethereum has started showing early signs of recovery after months of price stagnation.

ETH is currently trading at $1,841, above the 9-day simple moving average, with the relative strength index at 58.3, suggesting building momentum.

Source: CoinMarketCap

Analysts note that the price is consolidating in a range between $1,600 and $1,900, forming a potential rounding bottom pattern.

If ETH breaks through $1,900, the next resistance could appear near $2,200.

Although gas fee revenues fell to 3.18 ETH in April and average gas prices hit a four-year low at $0.16, the drop in network costs is making Ethereum more accessible for users.

The sharp fall in base-layer activity has raised sustainability concerns, but also indicates the shift of transactions to Layer-2s like Arbitrum and Base.

Pectra and staking add long-term value

Ethereum’s next major upgrade, Pectra, will go live on 7 May and is expected to introduce a range of technical improvements.

By combining the Prague and Electra upgrades, Pectra aims to streamline validator operations and reduce latency.

Alongside this, co-founder Vitalik Buterin has proposed replacing the Ethereum Virtual Machine (EVM) bytecode with RISC-V, a widely used open-source instruction set architecture.

If implemented, this would help Ethereum align more closely with traditional computing infrastructure and enhance future compatibility.

ETH staking has also increased, with the Ethereum 2.0 network drawing growing interest from long-term holders.

Combined with Layer-2 scaling solutions and low transaction costs, these developments are strengthening Ethereum’s fundamentals as a decentralised application platform.

ETH forecast shows a broad range

Ethereum’s price outlook for 2025–2030 varies significantly depending on market sentiment, adoption rates, and global macroeconomic factors.

In the near term, ETH could test resistance at $2,400 by the end of 2025 if the broader crypto market trends positively.

However, upside is expected to be capped near $2,500 unless momentum builds.

CoinPedia forecasts suggest that ETH could reach a new high of $5,925 in 2025, assuming favourable conditions.

Their predicted price range for 2025 lies between $2,917 and $5,925, with an average around $4,392.

By 2026, the upper range increases to $6,610, and by 2030, projections go as high as $15,575.

Across longer timeframes, the estimates show further growth.

For 2040, ETH could hit $123,678, and in 2050, a potential peak of $255,282 is suggested.

However, each yearly estimate also includes lower and mid-range possibilities, showing that investor caution remains.

Other firms have varied forecasts: Changelly expects $4,012.41 in 2025 and up to $24,196 in 2030; Coincodex sees a 2025 high of $6,540.51; and Binance projects a more conservative $3,499.54.

These predictions underscore how Ethereum’s value is tied to both its network upgrades and broader market adoption.

Its future trajectory will depend on continued technical innovation, staking incentives, and decentralised finance use cases.

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• Analyst Budhil Vyas flagged the rally as “liquidity hunting” by whales.
• Traders used spot buys and futures to manipulate demand and price.
• Similar patterns are seen in South Korean exchange delistings like Upbit.

Alpaca Finance (ALPACA) is at the centre of controversy after a sudden 1,000% rally in the days following Binance’s announcement to delist the token.

While such a notice usually triggers a steep decline in asset value, ALPACA’s price trajectory defied market norms.

The spike has raised concerns over potential manipulation, with experts pointing to deliberate strategies by large traders to drain market liquidity.

Binance stated on 24 April that it would delist ALPACA and three other assets, effective 2 May.

In contrast to the expected outcome, ALPACA’s value rose sharply, then dropped 34.5% in a single day.

ALPACA trades at $0.55 after extreme volatility

Data from BeInCrypto shows that ALPACA traded at just $0.02 before the delisting announcement.

It then surged as high as $1.27 before falling back to $0.55 at the time of writing.

The spike was not mirrored by the other three tokens set for delisting, which all saw declines.

This has led many analysts and traders to believe that the token was targeted by entities engaging in aggressive liquidity extraction.

Market analyst Budhil Vyas described the activity as a classic example of “liquidity hunting.”

He explained that whales may have initially driven down the price to spark panic and forced liquidations.

Then, shortly before the two-hour delisting deadline, they executed a rapid 15X price pump.

The aim, he said, was to drain remaining market liquidity before the token became illiquid post-delisting.

According to Vyas, no substantial accumulation occurred, meaning the rally was not based on investor confidence or platform developments.

Futures trading tactics fuelled the rally

Further details were shared by crypto trader Johannes in a recent X post, highlighting how the structure of perpetual futures markets may have enabled the ALPACA price rally.

Traders allegedly took large long positions in futures while simultaneously buying ALPACA in the spot market to artificially boost demand.

Since they held a majority of the supply, selling pressure was limited, allowing the price to climb significantly.

This tactic works because perpetual futures contracts often remain liquid even when the underlying asset is delisted from spot exchanges.

When the token is removed from Binance, forced closures of positions can occur with minimal price slippage, allowing profits to be locked in.

The approach depends on short-term market dominance and access to large capital reserves, effectively crowding out retail participants.

Similar trends were observed in South Korea

The ALPACA case is not isolated. DeFi analyst Ignas noted that similar behaviour has occurred during token delistings on South Korean exchanges like Upbit.

In such cases, tokens experience sudden price pumps as retail investors rush to exit positions, or speculators try to capitalise on restricted inflows before the trading window closes.

One example cited was Bitcoin Gold (BTG), which surged 112% after Upbit announced its removal from the platform.

Ignas said delisting announcements can now generate as much speculative activity as token listings.

This dynamic has caught the attention of analysts who believe that “pump → delist” cycles may be emerging as a repeatable pattern in some trading circles.

These trends suggest a growing need for investor education and possibly tighter regulation, particularly when exchange decisions can be exploited for strategic gains.

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