Schlagwort: crypto business

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Bitcoin price forecast: BTC eyes breakout to $100k as technicals improve

Key takeaways

  • BTC is up by less than 1% and is currently trading above $93k.
  • The coin could rally towards $100k if the bullish recovery continues.

Bitcoin reclaims $94k

The cryptocurrency market has recovered from the dip recorded on Monday, with Bitcoin briefly reclaiming the $94k level on Wednesday. The leading cryptocurrency by market cap is up by less than 1% in the last 24 hours and is now trading above $93k per coin.

The positive performance comes as technical indicators improve across the board, suggesting that retail investors are optimistic about a rally in the near term. 

In an email to Coinjournal, Nic Puckrin, investment analyst and co-founder of The Coin Bureau, pointed out that Bitcoin has staged a remarkable recovery over the past 24 hours, driven by a perfect storm of good news that has finally tipped the balance over in favor of the bulls (Vanguard allowing its clients to buy and sell crypto ETFs).

Furthermore, Bank of America is now recommending a 1%-4% portfolio allocation to crypto, which could bring up to $700 billion in extra liquidity into this asset.

“As a result, Bitcoin has shot up to a key resistance level between $93,000 and $95,000, which also acted as a resistance zone back in April. If it pushes through this, it will attempt to breach the $100,000 threshold again, with the 50-week simple moving average (SMA) at $102,000 a key level to watch. It all depends on whether US buyers continue this momentum when the New York market opens this morning,” Puckrin added.

Bitcoin looks to overcome the $93k resistance

The BTC/USD 4-hour chart is bearish and efficient despite Bitcoin performing positively this week. The technical indicators have improved, with the bulls currently in control.

The RSI of 61 shows that Bitcoin could be heading into the overbought territory if the buying pressure continues. The MACD lines also switched bullish on Tuesday, confirming another strong bullish bias.

BTC/USD 4H Chart

If the bullish trend persists, BTC could surge towards the next major resistance level at $96,399 over the next few hours or days. However, if the bulls fail to push higher. Bitcoin could retest the liquidity level just below $91k.

The post Bitcoin price forecast: BTC eyes breakout to $100k as technicals improve appeared first on CoinJournal.

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Will Litecoin hit $95 amid rising retail demand? Check forecast

Key takeaways

  • LTC is up 1% in the last 24 hours and now trades at $85 per coin.
  • The coin could rally above $95 amid growing retail demand.

Litecoin reclaims $85 as demand increases

Litecoin (LTC) has added 1% to its value and is currently trading above $85 per coin. The positive performance comes amid increased demand for cryptocurrencies with listed Exchange Traded Funds (ETFs). The momentum comes after the Vanguard Group decided to allow crypto market exposure through third-party ETFs.

Vanguard’s decision extends exposure to the Canary Litecoin ETF (LTCC), increasing the possible demand for the fund.

However, data obtained from SoSoValue revealed that the Litecoin ETF saw a net-zero flow on Monday and Tuesday, keeping the cumulative net inflow at $7.67 million. 

Furthermore, the Litecoin derivatives market saw a surge in demand, as the futures Open Interest (OI) surged by 4.41% over the last 24 hours to $440.26 million. This surge suggests that investors are confident that Litecoin’s price could rally higher in the near term.

Finally, data obtained from CryptoQuant shows an increase in the average order size from whales. This reflects greater confidence and could further boost demand.

Litecoin could reclaim $95 as indicators flash bullish

The LTC/USD 4-hour chart is bearish and inefficient as Litecoin has underperformed in recent weeks. The coin has recovered from the low of $74 created on Monday and could rally higher in the near term.

LTC/USD 4H Chart

At press time, LTC is trading at $85.2 per coin. The technical indicators have switched bullish on the 4-hour timeframe. The RSI of 53 shows that the bulls have regained control, and LTC is no longer in the bearish region. The MACD line has also switched bullish since Tuesday, indicating a bullish bias.

If the recovery continues, Litecoin could surge to the 0-day Exponential Moving Average (EMA) at $92.94. An extended rally would allow it to hit the 200-day EMA at $99.51. However, if Litecoin loses momentum, it could retest the November 4 and December 1 lows at $79.68 and $74.66, respectively.

The post Will Litecoin hit $95 amid rising retail demand? Check forecast appeared first on CoinJournal.

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ENA price prediction as 21Shares launches new Ethena and Morpho ETPs

  • Ethena (ENA) price rises as 21Shares launches Ethena and Morpho ETPs in Europe.
  • Technical analysis shows improving short-term momentum for ENA.
  • USDe supply contraction, however, poses risks to Ethena’s ecosystem.

Ethena (ENA) continues to draw market interest as the crypto landscape shifts around new institutional products and changing stablecoin dynamics.

At press time, ENA had surged by about 15.96% in a day to trade near the $0.28 zone, outpacing the broader market’s 6.03% gain.

Notably, the price surge follows the launch of the 21shares Ethena ETP (EENA) and the 21shares Morpho ETP (MORPH), both of which are now listed on major European exchanges such as SIX Swiss Exchange and Euronext.

These listings offer regulated access to Ethena (ENA) and Morpho, expanding the potential investor base at a time when demand for transparent, exchange-traded crypto exposure continues to grow.

ETP listings fuel institutional interest

The introduction of the Ethena ETP and Morpho ETP marks a significant step for the ecosystem.

With support for both USD and EUR trading, the products lower barriers for European investors seeking exposure to ENA through familiar financial structures.

Similar ETP launches for other altcoins in the past have triggered waves of institutional inflows, and early signs point to rising attention toward Ethena as well.

Analysts see the move as a sign that Ethena’s infrastructure is maturing, particularly as 21Shares adds the token to its lineup of regulated crypto products.

Market participants are now watching ETP trading volumes to determine how strongly institutional buying may support ENA’s next leg.

Stablecoin contraction tempers enthusiasm

Despite the strong price action, Ethena faces challenges linked to its synthetic stablecoin, USDe.

The token has seen a sharp 24% supply contraction in November, with market cap dropping from $9.3 billion to $7.1 billion.

Much of the decline followed a brief depeg event in October, which prompted over $2 billion in redemptions even though the incident was attributed to a Binance oracle issue rather than a flaw in the protocol.

Competition from fiat-backed stablecoins intensified during the same period, with USDT, USDC, PYUSD, and RLUSD collectively adding billions in inflows, widening their dominance within the $311 billion stablecoin market.

And since USDe plays a central role in Ethena’s revenue-generating model, reduced supply and activity may weigh on long-term protocol fees, making it an important factor for ENA holders to monitor.

Ethena price forecast

The technical picture has turned more constructive over the past week.

ENA has broken above its 7-day simple moving average around $0.272, where momentum picked up following a bullish MACD crossover.

The RSI has also recovered from recent weakness, suggesting sellers have lost control in the short term.

Traders should, however, watch closely to see if ENA can close convincingly above $0.30, which aligns with a key Fibonacci retracement level.

A break above $0.30 could open the door toward $0.51 in the near term, according to CoinLore, although the token remains far below its all-time high, and the 200-day EMA near $0.47, which stands as a formidable resistance zone.

The post ENA price prediction as 21Shares launches new Ethena and Morpho ETPs appeared first on CoinJournal.

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Cardano touches $0.43 again, but can ADA breakout this time?

  • Cardano price consolidates in the $0.43 region after double-digit gains in 24 hours.
  • ADA is near the middle point of a key downtrend channel.
  • With potential tailwinds in the offing, can ADA price see another leg up?

Cardano (ADA) remains the ninth-largest cryptocurrency by market capitalisation, with bulls keeping the token anchored above $0.40.

The latest rebound toward $0.43 after briefly slipping below that mark last week has revived optimism, reinforcing expectations of a potential push higher.

A decisive move above $0.50 will likely depend on broader market sentiment, continued strength in Bitcoin and renewed inflows into altcoins.

On the flip side, any deterioration in risk appetite or renewed selling pressure across majors could stall ADA’s momentum in the near term.

With the altcoin posting double-digit gains in the past 24 hours, traders are watching its intraday structure closely to gauge whether the current bounce can extend into a more convincing breakout.

Cardano price jumps above $0.43

In the early hours of December 3, 2025, ADA surged by more than 10%.

Most of these came within a 12-hour window that also saw Solana, Sui and Ethena rank as top gainers.

ADA climbed from an intraday low near $0.398 to a high of $0.446 on major exchanges.

Trading volume spiked by more than 67% compared to the previous 24-hour period, reaching over $1 billion.

Accompanied by price gains, this signalled renewed investor interest.

The recovery aligns with broader positive sentiment in the cryptocurrency market.

Fresh inflows into spot Bitcoin ETFs and growing institutional adoption narratives have added to macro expectations to buoy altcoins.

Increased bullish momentum could push the token’s value higher.

ADA price key hurdles: technical outlook

Despite the encouraging rebound, several technical obstacles remain before a sustainable bullish breakout can be confirmed.

On the daily timeframe, ADA continues to trade within a multi-month descending channel that began after the local top near $0.89 in October 2025.

The upper boundary of this channel currently sits around $0.465–$0.48.

Cardano price hovers below the middle point, and declines have coincided with the 50-day exponential moving average (EMA) , which is dipping.

This widely watched gauge of short-term trend currently has its resistance focused around $0.53.

Cardano Price Chart
Cardano price chart by TradingView

A decisive daily close above $0.48 would be required to invalidate the prevailing bearish structure.

If this happens, ADA will target the 50-EMA, with immediate resistance at $0.59 and the $0.68 zone.

The Relative Strength Index (RSI) on the daily chart has climbed up from oversold territory.

However, it remains below the neutral threshold, leaving room for uncertainty.

Yet, decisive action may benefit from the bullish momentum of the Moving Average Convergence Divergence indicator.

Bulls will mainly target that spot where the 50-day EMA and the upper trendline of the aforementioned channel show potential convergence.

On the flipside, a failure to hold $0.40 on a closing basis would expose ADA to a retest of $0.30.

The post Cardano touches $0.43 again, but can ADA breakout this time? appeared first on CoinJournal.

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SUI rockets 30% on Coinbase regulatory breakthrough: will the Layer-1 hit new 2025 highs?

  • Sui pumped nearly 30% as bulls extended gains seen on December 2, 2025.
  • Coinbase announced that New York residents can now access Sui on the exchange.
  • SUI price hit intraday highs of $1.79 as the broader crypto market posted a rebound.

Sui (SUI) surged nearly 30% as cryptocurrencies showed renewed optimism on Wednesday, with a regulatory breakthrough that allows New York residents to buy Sui on Coinbase, bolstering the altcoin.

The sharp rally, which unfolded over the past 24 hours, pushed the layer-1 blockchain’s native token to an intraday high of $1.79, a level not seen since mid-November.

Earlier in the session, SUI had mirrored the broader cryptocurrency market’s weakness, dipping to lows of $1.38 amid profit-taking and macro uncertainty.

However, a swift reversal, fueled by renewed buying pressure and positive exchange-related developments, quickly erased those losses and turned sentiment bullish.

Sui price outpaces top altcoins- why did SUI explode 30%?

Sui’s near-30% intraday advance significantly outperformed most large-cap altcoins, many of which posted single-digit gains during the same period.

Bitcoin rose roughly 7% to highs of $93,000 before paring some of the gains, while Ethereum climbed 9% but remained tethered near $3,000. Elsewhere, Solana managed around 10% to above $140.

SUI’s pump signaled relative strength, with the latest leg higher extending momentum that began on December 2.

Notably, these gains come after Coinbase announced that New York residents can now purchase and hold Sui directly on the exchange and its mobile applications.

Trading volume across major centralized exchanges spiked in tandem with the price surge. Per CoinMarketCap, the token’s 24-hour volumes exceeded $1.85 billion, up about 202% on the day.

What’s the Sui price outlook

Notably, multiple catalysts could align to allow bulls to test key levels. That’s because analysts see several tailwinds that could propel SUI higher in the coming weeks and months.

At the macro level, the Fed’s rate decision and leadership a leading short-term catalysts.

Growing expectations of a more crypto-friendly regulatory environment in the US and spot ETFs, as well as treasury asset moves, also add to the upbeat mood.

On the fundamental front, Sui’s ecosystem continues to expand rapidly across high-growth verticals.

Gaming remains a standout sector, with major titles and studios migrating to Sui for its object-centric data model and sub-second finality. Total value locked in decentralized finance protocols on Sui has also climbed above $1.9 billion.

Also in the mix are real-world asset (RWA) tokenization initiatives, which have brought key institutional partnerships for tokenized treasuries and private credit to the blockchain network.

Traction in these segments provides Sui with diversified narrative drivers beyond pure speculation.

Sui Price Chart
Sui price chart by TradingView

A look at technical indicators supports the bullish thesis.

If bulls hold above $1.60 and risk appetite remains intact, a move to $2.20 will be next. The all-time high of $5.35 reached in January 2025 is a near-term target.

The post SUI rockets 30% on Coinbase regulatory breakthrough: will the Layer-1 hit new 2025 highs? appeared first on CoinJournal.