Schlagwort: crypto business

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Sui price rises as broader crypto market bounces

  • Sui price is poised above $3.60 as bulls target key level.
  • The SUI all-time high price is around $5.35 and achievable as Sui total value locked hits $2 billion.
  • Bulls eye $4.12 resistance, while bears target $3.20 if momentum weakens.

Sui price has a modest increase over the last 24 hours, but has reached highs of $3.70 as the broader crypto market signals an upward rally.

Coins such as Ethena, Pendle and Ondo have gained significantly amid Bitcoin’s retest of $115k and Solana’s breakout to $240.

As the 24-hour trading volume holds around $949 million, the SUI price looks poised for an uptick towards its all-time high above $5.35.

Decentralized finance and web3 adoption growth see Sui’s position as a frontrunner, potentialy setting the stage for the native token’s surge.

Sui price surge- what’s fueling bulls’ momentum?

Sui overcame a network setback in early 2025 when an ecosystem project got hacked.

The token has since bounced off lows of $1.91 to retest highs of $4.32.

The Move programming language project has gained attention due to its scalability and interoperability, putting it among the top coins attracting buyer attention.

While Ethereum and Solana dominate altcoin sentiment, the technical outlook for SUI is setting up bulls for a retest of its ATH.

Developer activity, daily active wallets and DeFi TVL surge all point to Sui’s strength.

There are also ecosystem expansions, including the integration of zkLogin for seamless user onboarding.

As well, Sui has boasted initiatives like the Strategies yield aggregator that amassed millions of dollars in deposits within weeks.

Sui’s focus on gaming, NFTs, and DePIN projects has diversified revenue streams, with a stablecoin market cap jumping above $793 million.

Network revenue has increased too, while platforms such as Suilend, NAVI and Bluefin are helping to push the total value locked in Sui protocols across DeFi to over $2 billion.

The crypto market’s attraction for Wall Street amid a scramble for digital asset treasuries is another catalyst for the Sui price.

SEC’s impending approval of new crypto exchange-traded funds, including filings for Sui, has also buoyed bulls.

What’s the price outlook for SUI?

With multiple signals converging to suggest a breakout above key resistance levels in the near term, trading above $3 is crucial for SUI.

It may be the step buyers need to maintain a bullish long-term trend.

Relative Strength Index hovers at 55, and reflects a neutral momentum that gives room for further growth before bulls hit the overbought territory.

The Moving Average Convergence Divergence also supports an upward run with a bullish crossover.

Sui price chart by TradingView

A look at the chart suggests $3.70 is a key level, and breaking the immediate $4.12 resistance could trigger a measured move to $5.

The all-time high is within range above this level.

Conversely, a bearish flip will bring Sui price to support around $3.20. Bears may also target buyers’ safety net around $2.61, should any pullback activity strengthen.

The post Sui price rises as broader crypto market bounces appeared first on CoinJournal.

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Nasdaq-listed Safety Shot launches BONK memecoin treasury-focused subsidiary

  • Safety Shot launches BONK Holdings and acquires 228.9B BONK tokens.
  • SHOT stock slides while BONK price gains 8% in the past 24 hours.
  • BONK charts signal a possible breakout toward $0.0003620.

Safety Shot has made a bold entry into the digital asset world, launching a new subsidiary centred on the fast-rising Solana-based memecoin BONK.

The move underlines the company’s growing interest in blockchain assets and highlights how traditional firms are positioning themselves within the cryptocurrency economy.

Safety Shot launches BONK Holdings LLC

On September 11, Safety Shot announced the creation of BONK Holdings LLC, a dedicated subsidiary that will manage the firm’s digital asset strategy.

Safety Shot also revealed that it had accumulated a significant position in BONK, expanding its treasury to 228.9 billion tokens.

This stash represents more than 2.5% of the memecoin’s circulating supply, valued at roughly $55 million at prevailing market prices.

The firm’s average purchase price for the tokens stands at $0.00002184, achieved through prior initiatives and a fresh $5 million acquisition in partnership with digital trading platform FalconX.

Rather than storing the tokens passively, Safety Shot plans to deploy its holdings in the Solana DeFi ecosystem, using them for staking, liquidity provision, and yield farming.

The company argues this approach will generate non-dilutive returns while strengthening its balance sheet.

Notably, Safety Shot’s leadership has been vocal about the rationale behind this move.

Chief Executive Officer Jarrett Boon emphasised that the company views BONK as a “top-tier digital asset” and sees untapped value in integrating it with its existing consumer brands.

In late August, the firm raised $30 million to further solidify its growth strategy and recently appointed Mitchell Rudy, one of BONK’s original founders, to its board of directors.

Safety Shot stock reaction lags behind BONK gains

Despite the ambitious plans, Safety Shot’s shares have struggled to convince investors.

Following the announcement, SHOT stock dipped to $0.37, its lowest level in two months, before closing slightly higher at $0.39, and the pre-market trading has brought only a modest uptick.

The decline suggests that equity investors remain cautious, even as the company highlights the scale of its digital and cash assets compared to its overall market cap of about $85.4 million.

In contrast, BONK itself has enjoyed a strong run. Over the past day, the memecoin has gained 8.3%, trading at $0.00002512 at press time.

While BONK’s price is still far below its November 2024 all-time high of $0.00005825, the token remains one of the best-performing assets in the Solana ecosystem since its launch.

BONK price outlook shows bullish potential

From a technical perspective, BONK’s chart signals the possibility of a bullish breakout.

The memecoin has been trading within an ascending channel, with $0.0002377 acting as a solid support level.

$0.0002620 is a key resistance, and a breakout above this level could pave the way for a run toward $0.0003620, a move that would represent a potential 150% upside from recent levels.

BONK price analysis

While volatility remains part of BONK’s identity as a meme-inspired token, the increasing involvement of institutions like Safety Shot is beginning to change the conversation.

Safety Shot’s willingness to stake a sizable portion of BONK in DeFi platforms adds both liquidity and legitimacy to the project.

If the broader Solana market continues to expand, BONK could see further momentum in the months ahead.

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Pi Network price forecast ahead of the V23 Protocol Upgrade

  • Pi Network price tests breakout at $0.3610 with $0.344 as key support.
  • Pi Network ecosystem expands with PiOnline, v23 upgrade, and Token2049 spotlight.
  • Whale buys 350M+ PI, but daily unlocks risk supply dilution.

Pi Network’s native token, PI, is showing renewed signs of life after weeks of sluggish performance, supported by ecosystem expansion, protocol upgrades, and whale accumulation.

The upcoming V23 Protocol Upgrade on September 15 has become a key catalyst, drawing attention to whether PI Coin can sustain its recent rebound or slip back into weakness.

Bulls test a fragile breakout

PI Coin has managed modest gains in recent sessions, climbing more than 3% in the past 24 hours to trade around $0.3549.

This rebound comes after a month-long decline of nearly 12%, reflecting cautious optimism among traders.

Analysts note that the token has been testing the upper boundary of a falling channel, with a close above $0.3610 needed to confirm a breakout.

If that move is sustained, the next obstacle sits at the 50-day exponential moving average near $0.3836.

Technical indicators are also showing bullish signals, with the MACD line and its signal counterpart on a steady uptrend, hinting at growing bullish momentum.

The RSI has also recovered toward neutral territory near 50, showing an increase in buying pressure after weeks of subdued sentiment.

According to market analysis by CoinLore, holding above $0.3426 is critical for bulls to target higher levels, with resistance levels set at $0.4767, $0.5931, and $0.7742.

Ecosystem expansion fuels renewed optimism

Beyond technicals, Pi Network’s ecosystem expansion has provided fresh energy.

The launch of PiOnline, a hybrid gaming and DeFi application with staking and DAO governance, has been well-received by the community.

In addition, Pi has taken a Gold Sponsorship slot at the upcoming Token2049 conference in Singapore, offering the project a major visibility boost at a global Web3 event.

On the protocol side, version 23 of the network introduces decentralised KYC processes and Linux node support, marking significant steps toward scalability and regulatory compliance.

Meanwhile, developer activity has been rising, with 37 new projects launched on the Testnet at the start of September.

These include DeFi and gaming apps, alongside the anticipated V23 upgrade that promises to improve cross-chain interoperability.

Such progress has been seen as a sign that Pi is pivoting beyond its mining-focused origins and moving closer toward becoming a functioning ecosystem with tangible utility.

Whale activity stirs speculation

While retail demand has softened in recent weeks, on-chain data shows a different story from larger players.

A mysterious whale wallet, identified as “GAS…ODM,” has accumulated more than 350 million PI tokens, valued at over $124 million.

Another large holder reportedly controls more than 373 million PI.

This kind of accumulation often signals confidence among big investors and has led some analysts to suggest that Pi may be in the Wyckoff accumulation phase, which can precede sharp rebounds.

That said, supply dynamics remain a risk, with around 159.5 million tokens unlocking daily through September, adding up to roughly $56.7 million in a month.

This constant flow could dilute prices if demand does not keep pace.

Pi Network price forecast

As the V23 Protocol Upgrade approaches, Pi Network sits at a critical juncture. The coming weeks will reveal whether the token’s rebound can extend into a sustainable rally or if supply pressures will drag it back toward recent lows.

The short-term outlook for Pi hinges on whether the token can hold above its seven-day simple moving average around $0.344.

A failure to maintain that support could open the door to another test of the August low near $0.322.

On the flip side, breaking above the $0.3610 trendline and sustaining momentum could pave the way toward the $0.3836 level and potentially higher resistance points outlined by analysts.

Longer term, the combination of whale accumulation, fresh protocol upgrades, and greater accessibility through partnerships like Onramp Money may help to strengthen Pi’s position in the market.

The project’s challenge will be balancing supply inflation with real adoption and securing listings on major exchanges such as Binance or Coinbase to unlock deeper liquidity.

The post Pi Network price forecast ahead of the V23 Protocol Upgrade appeared first on CoinJournal.

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Dogecoin price forecast after the DOJE ETF launch delay: analysis points to $3

  • Dogecoin price has held above a key support with bullish breakout patterns in play.
  • DOJE ETF launch delayed to mid-next week, but market optimism remains high.
  • Analysts see the ETF inflows fueling a rally that could push DOGE toward $3.

Dogecoin (DOGE) has found itself at the centre of market attention once again, this time not because of a social media frenzy but due to institutional interest.

The long-anticipated launch of the first US-listed Dogecoin exchange-traded fund (ETF) has been delayed to next week, but excitement surrounding the event has already fueled bullish momentum in the meme coin’s price.

Traders and analysts are closely watching the charts, and many believe the current setup could propel DOGE toward a multi-dollar future.

Rex-Osprey DOJE ETF delay fails to cool the hype

The Rex-Osprey DOJE ETF, which will invest most of its assets directly in Dogecoin, represents a milestone for both the memecoin community and the broader crypto industry.

For the first time, a US ETF is being tied to a digital asset that has openly embraced its lack of traditional utility.

According to earlier sources, the Dogecoin ETF was to be launched on Thursday, but Bloomberg’s Eric Balchunas has said that the fund will officially begin trading next week, instead of today, as he had alluded to in his earlier postponement projection.

Despite the setback, investors appear unfazed. Dogecoin’s price has steadily climbed in recent days, overcoming the turbulence caused by US inflation data and holding firm above key support levels.

Open interest in Dogecoin futures, according to Coinglass, has also surged to more than $4.67 billion, up from $3.3 billion earlier in the week.

This shows retail traders and institutions alike are positioning themselves ahead of the ETF debut.

Dogecoin price breakout signals a strong bullish trend

From a technical perspective, Dogecoin is flashing strong bullish signals.

As highlighted by CryptoJoe on CoinMarketcap, the Dogecoin price has broken above a descending trend line, a move analysts interpret as part of an impulsive wave-three rally.

Dogecoin has broken above a descending trend line

This wave structure suggests further upside is likely, with no immediate signs of a top.

Support for the next corrective wave is expected between $0.2425 and $0.2295, giving the market room for healthy pullbacks before resuming its climb.

Key moving averages continue to support the bullish case, with DOGE currently trading well above its 50-day exponential moving average, as well as its 100-day and 200-day averages.

Momentum indicators such as the MACD also remain positive, and the Relative Strength Index (RSI) has held near 65, showing strong buying pressure without entering extreme overbought conditions.

Path toward higher targets

Chart patterns also align with the optimistic outlook.

As highlighted by Mycatdorito on TradingView, there is a symmetrical triangle breakout that points toward a $0.29 short-term target, while an Adam and Eve double-bottom pattern on the 12-hour chart suggests potential for a move closer to $0.30.

A symmetrical triangle breakout

Fibonacci extensions indicate resistance levels could stretch as high as $0.37 if momentum accelerates.

Yet the ETF launch adds a new layer of significance.

The DOJE ETF is expected to attract institutional inflows similar to those seen with Bitcoin and Ethereum products, even if at a smaller scale.

Market strategists argue that mainstream financial exposure could create a demand shock for Dogecoin, helping it sustain long-term rallies.

Could $3 be on the horizon?

The question for many investors is not whether Dogecoin (DOGE) can reach its immediate targets, but whether it can eventually break into new territory.

With the coin up more than 150% over the past year, a sustained push beyond the current resistance zone could pave the way for a broader rally.

If ETF-driven inflows materialise and market confidence holds, analysts suggest Dogecoin could embark on a multi-stage climb with $3 as a realistic medium-term goal.

For now, the $0.25 resistance level remains the immediate barrier to watch. A decisive break above it could validate the bullish structure and clear the path to higher levels.

Traders should also monitor $0.22 and $0.20 as critical support zones in case of a pullback.

The post Dogecoin price forecast after the DOJE ETF launch delay: analysis points to $3 appeared first on CoinJournal.

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US spot Bitcoin ETFs record $552.8M inflows as prices rebound

  • Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded net inflows of $552.78 million on Thursday.
  • Bitcoin traded above $115,000 on Friday, gaining nearly 4% so far this week.
  • Market participants are also watching the upcoming Federal Open Market Committee meeting on September 16-17.

Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded net inflows of $552.78 million on Thursday, according to Farside Investors, extending a four-day streak of positive flows as institutional demand returned.

BlackRock’s iShares Bitcoin Trust (IBIT) attracted $366.2 million in inflows, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) drew $134.7 million.

Bitwise’s BITB added $40.43 million, while funds managed by VanEck, Invesco and Franklin Templeton also posted inflows.

The streak has brought cumulative inflows of $1.7 billion over four consecutive trading days.

Date IBIT FBTC BITB ARKB BTCO EZBC BRRR HODL BTCW GBTC BTC Total
08 Sep 2025 25.5 156.5 42.7 89.5 6.7 6.5 20.6 0.0 4.4 11.9 0.0 364.3
09 Sep 2025 169.3 (55.8) (18.2) (72.3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 23.0
10 Sep 2025 211.2 299.0 44.4 145.1 0.0 3.3 0.0 12.0 0.0 8.9 17.6 741.5
11 Sep 2025 366.2 134.7 40.4 0.0 5.7 3.3 0.0 2.4 0.0 0.0 0.0 552.7

This comes after the funds saw $751 million in outflows in August, their third-worst month since launching in January 2024.

August also saw strong activity in Ethereum-focused products, with spot ether ETFs posting $3.87 billion of inflows, their second-best month since debut.

The trend fueled a “capital rotation” narrative, contributing to Bitcoin’s decline to around $107,500 by the end of the month.

Ether ETFs began September with several days of outflows but returned to positive territory on Tuesday. On Thursday, the ETFs recorded $113.12 million in inflows.

Bitcoin and Ether prices rebound

Bitcoin traded above $115,000 on Friday, gaining nearly 4% so far this week after closing above key resistance levels.

Ethereum and Ripple also rebounded, rising about 5% and 6% respectively.

Bitcoin began the week facing resistance at its 50-day Exponential Moving Average (EMA) of $113,129, but rallied more than 2% on Wednesday to close above that threshold and extended gains through Thursday.

At the time of writing, BTC was approaching daily resistance at $116,000. A close above that level could pave the way for further gains toward the psychological threshold of $120,000.

Ethereum has been consolidating between $4,232 and $4,488 since August 29.

On Friday, it was nearing the upper boundary of that range at $4,488. A break above could set the stage for a rally toward its all-time high of $4,956.

Market participants are also watching the upcoming Federal Open Market Committee meeting on September 16-17.

According to CME Group’s FedWatch Tool, futures pricing implies a 92.5% probability of a 25 basis point rate cut and a 7.5% chance of a 50 basis point reduction.

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