Schlagwort: crypto analysis

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ATOM risks dropping below $4 as bearish momentum accelerates

Key takeaways

  • ATOM is up by less than 1% as the bearish momentum accelerates.
  • The coin could drop below $4 soon if the bearish trend continues.

Crypto Market Remains Volatile

The cryptocurrency market has been extremely volatile over the last 24 hours, primarily fueled by the FOMC meeting on Wednesday. The Fed kept its interest rate unchanged, causing a widespread dip in the crypto market.

The news saw ATOM, the native coin of the Cosmos blockchain, temporarily decline to the $4.2 mark. At press time, the price of ATOM stands at $4.49 and risks dropping $4 if the bearish trend grows stronger.

ATOM’s recent poor performance comes despite positive ecosystem developments within the Cosmos ecosystem. Cosmos recently reached 100 live chains and is progressing XRP integration via the Cosmos SDK and IBC.

With multiple supports breaking and sellers firmly in control, the path of least resistance remains downward.

ATOM could drop below $4 soon as sellers remain in control

The ATOM/USD 4-hour chart remains bearish and efficient as sellers remain in control. The technical indicators are also flashing bearish, suggesting a heavy selling pressure on the cryptocurrency.

The RSI of 43 shows that ATOM is within the negative range and could record further losses if the momentum remains unchanged. The MACD lines are also within the bearish zone, indicating selling pressure.

ATOM/USD 4H Chart

If the market conditions persist, ATOM could drop to the $3.9 support level formed earlier this month. An extended bearish run would see ATOM hit the $3.5 level for the first time since June.

However, market conditions remain volatile and could see ATOM rally higher in the near term. If the market conditions turn bullish, ATOM could surge above Monday’s high of $4.88. However, it would need the help of the broader crypto market to surge above the weekly high of $5.3.

The post ATOM risks dropping below $4 as bearish momentum accelerates appeared first on CoinJournal.

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PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility

  • The coin has expanded its presence beyond Ethereum.
  • Users can now enjoy streamlined cross-chain swaps through Stargate Finance.
  • Pendle boasts the highest positive sentiment in all DeFi coins in the past seven days.

Digital tokens painted price charts red on Wednesday as markets brace for the Fed’s rate policy.

Pendle extended its weekly losses to over 6% after losing 2% in the past 24 hours.

Intensified profit-booking after the recent growth contributes to PENDLE’s weakness.

However, the altcoin appears poised for a significant rebound as bullish catalysts emerge.

The team has confirmed that PENDLE is officially live on HyperEVM and BeraChain.

It represents a key step in Pendle’s multi-chain ambitions as it aims to push boundaries in decentralized finance (DeFi) yield trading.

Meanwhile, the expansion comes as the altcoin experiences bullish sentiments.

Data show PENDLE had the highest positive sentiments across all DeFi currencies over the past week.

With more individuals exploring Pendle, is a significant breakout on the horizon?

Pendle smoothens cross-chain access

The best thing about this development is the Stargate Finance integration.

It allows users to bridge between Ethereum, HyperEVM, and BeraChain smoothly.

That means users can access Pendle’s flourishing ecosystem regardless of their chain.

Moreover, the integration promises less friction, faster access, and fewer fees.

This is a game-changer for investors and DeFi enthusiasts.

Stargate’s bridge promises smoother capital flow across chains to solve one of the primary bottlenecks in DeFi – interoperability.

Furthermore, the move unlocks more utility for the PENDLE token in new liquidity hubs as HyperEVM and BeraChain protocols navigate Pendle’s yield markets.

Positive sentiments dominate the Pendle ecosystem

Multiple tracking platforms show PENDLE was the most positively discussed DeFi project over the past week.

It is beyond price actions.

The trend reflects the depth and tone of conversations about Pendle on crypto forums and social platforms like X and Telegram groups.

Such sentiments often indicate market direction.

It shows smart money watching the assets and possibly repositioning before bullish catalysts surface.

Rising bullish chatter and listing on new platforms shows Pendle is attracting attention and confidence as it solidifies its presence in the DeFi industry.

PENDLE price outlook

The altcoin traded in red, losing over 2% in the past 24 hours.

PENDLE hovers at $4.37, with a weakening trading volume reflecting dominant bearish tendencies in the broad market.

Also, it experienced considerable profit-taking after the latest rally from $3.2633 on 4 June to last week’s $4.8747.

Nonetheless, PENDLE hasn’t ruined its bullish structure. It trades well above the key support barriers of $3.60 and $2.80.

Continued declines to these levels could catalyze massive buying interest, if history repeats itself.

Bullish bounce-backs may clear the path for stable rallies toward $5.20 before extending to the psychological barrier at $7.

That would be an approximately 60% increase from PENDLE’s market price.

However, the $6.0 – $6.5 region will be a vital breakout area.

A decisive weekly closing above this zone could trigger intensified buying and propel PENDLE to the target at $12.0 – $14.

The post PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility appeared first on CoinJournal.

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Ethereum price forecast: Ether’s daily level at $3,730 remains strong

Key takeaways

  • ETH is down 2% in the last 24 hours and has dropped below $3,800.
  • The coin could rally towards $4k soon amid growing institutional demand.

ETH dips below $3,800 ahead of FOMC

The cryptocurrency market is bearish ahead of today’s FOMC meeting. Bitcoin has dropped below $119k while Ether is down 2% over the last 24 hours, but continues to defend the daily support level at $3,730.

The U.S. Federal Reserve is expected to leave the interest rate unchanged later today, and this could negatively affect BTC and other major cryptocurrencies. Despite that, ETH’s price continues to hold above a key level thanks to growing institutional demand.

In an email to Coinjournal, XBTO’s Chief Investment Officer, Javier Rodriguez-Alarcón, pointed out that institutional demand for Ether remains strong. He stated that,

“Ethereum’s institutional momentum accelerated last week as record ETF inflows and major fund launches signaled a decisive shift in crypto capital allocation. While Bitcoin held steady, the clear winner was ETH, which continues to attract both passive and active institutional money seeking yield and utility over pure store-of-value exposure. 

This week brings critical macro tests: Wednesday’s FOMC rate decision, Tuesday’s JOLTS job openings data, and July ADP employment figures all have the potential to amplify or reverse current trends as Bitcoin approaches $120,000. Ethereum extended its rally last week, climbing another +3.6% and bringing its month-to-date gain to +55.9%. After a slow start to the year, ETH is now up +16.3% in 2025, marking a full turnaround and a clear shift in investor focus.”

ETH eyes $4k if $3,730 support holds

The ETH/USD 4-hour chart is bearish thanks to the market’s poor performance over the last few days. The technical indicators remain bearish, suggesting that the bears are still in control.

ETH/USD 4-hour chart

At press time, ETH is trading at $3,794 per coin. If the daily support at $3,730 holds, ETH could resume its upward rally, targeting its key psychological level of $4,000. The RSI of 55 is approaching the neutral zone, suggesting that the bullish momentum is fading. The MACD line is also set to crossover into the bearish zone, indicating a selling bias.

On the other hand, if Ether faces a correction and closes below the daily support at $3,730,  the bearish momentum could extend to the next support at $3,500 over the coming hours.

The post Ethereum price forecast: Ether’s daily level at $3,730 remains strong appeared first on CoinJournal.

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Altcoins update: Dogecoin and Injective signal recoveries as Ethereum eyes $4,000

  • DOGE tests key support as technical setups suggest imminent breakouts.
  • A closing above $15 might propel INJ prices to $30.
  • ETH targets $4,000 psychological mark amid increasing institutional interest.

Cryptocurrencies flashed bearish tendencies in the past 24 hours.

With most tokens approaching critical price levels, analysts have shifted attention to digital assets ready for significant rallies amid reversals.

This article checks how Ethereum is setting the tone for an altcoin season as Dogecoin and Injective display key short-term price actions.

Dogecoin resilience after double-bottom breakout

The original meme token remained on investor radar after landing key utility on Gemini’s derivatives market.

The bullish news emerges as DOGE tested the vital resistance around $0.2300 after plunging from last week’s high of $0.27.

While losing this foothold could mean massive declines for the token, analyst Jireon observed an optimistic development on the price charts.

The highlighted chart shows Dogecoin had breached a long-standing trendline that limited its upside action.

A double test of the foothold before a significant bounce validated the double-bottom formation, which often precedes bullish reversals.

Notably, the pattern’s neckline at $0.231 had restricted DOGE’s movements during the consolidation period.

Nevertheless, the coin successfully broke above $0.231 on 25 July, with a massive trading volume of over $4 billion confirming the breakout.

Now, Dogecoin retests the support barrier after the latest pullback.

A rebound from this foothold could trigger considerable rallies towards the obstacle at $0.310.

That would mean a 35% increase from DOGE’s current price.

It might extend past $0.33 towards mid-January highs of $0.41.

However, a closing below $0.2300 will invalidate the optimistic outlook and catalyze notable dips.

Injective at a key juncture

INJ breached the resistance at $15 yesterday amid reinvigorated optimism, fueled by ETF filings, tokenization, and EVM integration.

Cboe has filed for the first-ever Injective staking ETF in the United States, indicating renewed institutional appetite.

While it retraced to trade at $14.87, analyst Ali Martinez highlighted $15 as a crucial breakout point.

The price chart shows INJ breaching a climbing triangle from $15.

The next crucial price levels are $18.95, $21.25, and $25, according to FIB extension levels.

Meanwhile, the altcoin requires significant trading volumes to confirm the breakout and push higher.

Failure to hold $15 would delay the projected reversal and lead to consolidations or price dips.

Ethereum sets sights on $4K after latest rebound

ETH has been the hottest digital token in the past few sessions as trends signal a materializing altcoin season.

Institutions are now dumping Bitcoin for ETH as demand for Ether-based exchange-traded funds soars.

The second-largest crypto hovers at $3,810 after touching YTD peaks above $3,940 on Monday.

Meanwhile, Ethereum retested and secured support at $3,500 last week on Thursday before closing above $3,730 on July 27 and extending to yesterday’s yearly high.

Further push would see Ethereum extend toward the $4,000 psychological zone.

Analysts trust that a candlestick closing beyond this resistance could welcome a full-blown altseason.

@ColinTCrypto expects Ethereum to explore $15,000 – $20,000 this bull cycle.

However, enthusiasts should beware of imminent volatility as the markets anticipate multiple announcements.

Tuesday’s US employment statistics, Fed rate decision, and a possible Crypto Report from the White House on Wednesday would likely shake the cryptocurrency space.

Moreover, Trump’s tariff deadline is on Friday.

These macroeconomic developments could trigger significant fluctuations in the digital assets market in the near term.

The post Altcoins update: Dogecoin and Injective signal recoveries as Ethereum eyes $4,000 appeared first on CoinJournal.

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Ether tops $3,800 after consolidating below $3,780; check forecast

Key takeaways

  • ETH dropped below the $3,750 mark on Monday as the broader crypto market undergoes a correction.
  • It is now trading above $3,800 despite the net outflows.

Ether bounces back above $3,800

Ether, the second-largest cryptocurrency by market cap, lost 3% of its value on Monday and temporarily dropped below $3,750. However, it has recovered nicely and now trades above $3,800 per coin. 

The bearish performance comes amid net outflows for the cryptocurrency. According to data from July 29, Ethereum recorded a net outflow of $52.36 million from spot exchanges. 

The outflow highlights the growing Ether withdrawals this month as long-term investors take profit. However, the profit-taking hasn’t halted Ether’s performance as the coin looks set to hit the $4k psychological level soon.

Ether continues to see growing volume thanks to the ongoing NFT boom. While speaking to Coinjournal, Evan Kuhn, President of DeLorean Labs, the Web3 division of the DeLorean brand, revealed that legacy NFTs are seeing increased volumes. He stated that,

“Renewed volume around legacy NFT collections like CryptoPunks shows that digital ownership still has speculative appeal, but the more important shift is how NFTs are evolving into infrastructure. We’re seeing a transition from collectibles to utility. NFTs are now being used to manage access, automate rules, and assign roles within on-chain ecosystems.

While Ethereum’s price rebound has contributed to rising volume, the deeper story is about maturation. As NFTs become tools for real utility, they will move from novelty to necessity.”

Ether targets $4k as bulls remain in control

The ETH/USD 4-hour chart is bearish following Ether’s underperformance on Monday. However, the technical indicators on the lower timeframe have switched bullish, suggesting that buyers are regaining control.

The MACD lines have entered the positive region, indicating that the bias has switched bullish. Furthermore, the RSI of 61 shows that ETH could face buying pressure soon. If the recovery continues, Ether could break past the TLQ and resistance at $3,938 and hit the $4k psychological mark.

ETH/USD 4H chart

An extended bullish run would allow ETH to target the $4,200 level for the first time since December. The all-time high price remains $4,891, and it remains Ether’s medium-term target.

However, if the bearish trend returns, ETH could retest the low below $3,500 in the coming hours or days.

The post Ether tops $3,800 after consolidating below $3,780; check forecast appeared first on CoinJournal.