Schlagwort: crypto business

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ADA could bounce back after retesting the $0.84 low; Check forecast

Key takeaways

  • Cardano’s ADA is the worst performer among the top 10, losing 8% of its value in the last 24 hours.
  • The coin could recover above $1 soon after retesting the $0.84 low.

ADA retests $0.84 amid bearish PA

The cryptocurrency market has been bearish since the start of the week, and Cardano’s ADA has been the worst performer among the top 10 coins by market cap. ADA is down 8% in the last 24 hours and briefly dropped to the $0.8400 level.

The bearish performance saw ADA retest the TLQ at $0.8400 and could be getting ready for another leg-up after surpassing the $1 psychological mark last week. Its performance coincides with a massive sell-off in the broader crypto market, with Bitcoin briefly dropping below $113k earlier today.

Ether also dropped below $4,200 while XRP and Solana have failed to keep their prices above $3 and $200, respectively.

ADA to hit $1 if the $0.8400 support holds

The ADA/USD 4-hour chart is bullish and efficient despite Cardano losing 8% of its value in the last 24 hours. The technical indicators are switching bearish, suggesting that sellers are currently in control.

The RSI of 44 shows that ADA could be heading into the oversold territory if the bulls don’t regain control. The MACD lines have also crossed over into a bearish region. 

ADA/USD 4H chart

At press time, ADA is trading at $0.8491 as the $0.8400 support level holds. If the support level continues to hold, ADA could surge past the first major resistance level at $0.9570 before surpassing last week’s high of $1.0198.

However, failure to hold the $0.8400 support level could see ADA take out the TLQ and drop to the next major support zone at $0.7685. An extended bearish performance would see ADA retest August’s low of $0.6820.

The post ADA could bounce back after retesting the $0.84 low; Check forecast appeared first on CoinJournal.

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Ethereum price prediction: ETH could dip to $4k amid bearish PA

Key takeaways

  • ETH is down 1.6% in the last 24 hours and has dropped below $4,200.
  • The bears are aiming for $4k as the broader crypto market experiences a sell-off.

ETH fails to defend its price above $4,200

Ether, the second-largest cryptocurrency by market cap, failed to hit a new all-time high last week and has since lost 10% of its value. It is currently down by 1.6% in the last 24 hours and now trades at $4,170 per coin.

The bearish performance comes as the broader cryptocurrency market experiences a sell-off. Bitcoin is down 8% since its all-time high milestone last week and temporarily dropped below $113k. XRP has dropped below $3 while Solana has failed to stay above $200.

Analysts believe that profit-taking is one of the primary reasons behind the bearish price action. In an email to Coinjournal, Ruslan Lienkha, chief of markets, YouHodler, stated that,

Profit-taking is indeed occurring at the moment, and in many cases, it reflects disciplined risk management. This is particularly true in the current environment, where institutional discussions increasingly emphasize that we may be entering the later stages of the bull market. A growing number of fund managers point out that U.S. equities appear overvalued, suggesting that the medium-term bullish trend could be approaching its end.

The analyst added that while long-term investors are generally less affected by these short-term dynamics, those operating within medium-term horizons, such as two- to three-year cycles, often adopt relative strategies that encourage them to secure gains when markets look stretched. In this context, realized profits may signal not so much a lack of confidence in further upside, but rather prudent portfolio management in anticipation of potential volatility.

ETH could drop to $4k as bears remain in control

The ETH/USD 4-hour chart has switched bearish despite the Ethereum price reaching a new yearly high of $4,788 on Thursday. The coin failed to continue its upward trend and declined nearly 14% since then. 

At press time on Wednesday, it trades at around $4,170. The technical indicators are bearish, with the RSI (35) and the MACD lines showing a strong sell-off in the market. 

XRP/USD 4-hour chart

If the daily resistance at $4,232 holds as resistance, ETH could dip towards its next key support at $3,946. An extended bearish run would see Ether retest the $3,300 low for the second time this month.

However, if ETH recovers and closes above the daily resistance at $4,232, the bulls could push its price higher and target the $4,488 level. It would need the support of the broader crypto market to hit the $4,788 yearly high.

The post Ethereum price prediction: ETH could dip to $4k amid bearish PA appeared first on CoinJournal.

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Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure

  • Bitcoin and Ether prices are falling despite positive industry news.
  • A key disconnect exists between weak price action and strong fundamentals.
  • Glassnode warns of market fragility and stretched leverage in the short term.

A profound and unsettling disconnect is cleaving the cryptocurrency market in two as the trading day begins in Asia.

While a torrent of structurally bullish headlines points to a maturing and increasingly powerful industry, the price action on screen tells a story of weakness, fear, and retreat.

This growing chasm between the long-term promise and the short-term pain has left investors caught in a tense tug-of-war.

The immediate picture is painted in red. Bitcoin is down 3% in the past 24 hours, struggling to hold the line at $113,000.

Ether is suffering even more, having shed 5.6% to land at $4,100, extending a week of bruising losses across the major digital assets. This persistent pullback is happening in the face of news that would, in any other environment, be sending prices soaring.

The view from the charts: a structure of sand?

For one camp of market observers, the current weakness is a simple function of a fragile and overextended market structure.

In a recent report, the analytics firm Glassnode frames the decline as a textbook case of exhaustion: spot momentum is fading, leverage is dangerously stretched, and the pressure from profit-taking is building to a critical point.

They warn that even the massive $900 million in inflows into U.S.-listed spot ETFs last week is not enough to sustain the rally on its own.

Without a renewed wave of conviction buying in the spot markets, Glassnode argues, the market’s positioning remains acutely “vulnerable to deeper deleveraging.”

A foundation of steel

This pessimistic view, however, is far from universal. Another camp argues that fixating on the short-term price action is a classic case of missing the forest for the trees.

The Singapore-based market maker Enflux, in a note shared with CoinDesk, contends that the industry is maturing at a pace that the charts are simply failing to capture.

They see the weak price action as a temporary “disconnect” and urge traders to focus on the truly significant headlines: Google becoming the largest shareholder in miner TeraWulf, Wyoming launching a state-backed stablecoin, and Tether hiring a former White House crypto policy official. 

These are not fleeting signals, Enflux argues; they are proof that serious capital and top-tier talent are aligning around a future that is institutional, regulated, and built to last.

The divergence in tone is telling. One side sees a house of cards, the other sees the scaffolding of a skyscraper being erected.

The shadow of the Fed

This internal conflict is being amplified by a powerful external force: the Federal Reserve.

The entire market is holding its breath ahead of the Fed’s FOMC minutes and, more importantly, Chairman Jerome Powell’s pivotal speech at the Jackson Hole symposium later this week.

With economists from institutions like Bank of America warning that Powell may argue for holding rates steady amid sticky inflation, the easy-money hopes that have buoyed risk assets are beginning to fade.

This macro uncertainty is forcing a reckoning in the crypto market, where the short-term fragility is clashing head-on with the long-term fundamental strength. The question now is which narrative will break first.

The post Crypto update: Bitcoin slips as analysts warn of ‘fragile’ market structure appeared first on CoinJournal.

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Polygon price forecast: POL surges 6% as TVL reaches 2025 high

  • Polygon token (POL) soared as most altcoins dipped on Monday and early Tuesday.
  • While POL has given up some of the gains to $0.26, bulls appear to be in control.
  • Gains for the altcoin come as its network’s total value locked (TVL) jumped to a year-to-date high.

Polygon’s native token, POL (ex- MATIC) (POL), is one of the gainers in the past 24 hours as cryptocurrencies look to bounce off the latest dump.

Altcoins such as Chainlink and XRP are eyeing fresh gains.

While POL price has slipped from highs of $0.27, it’s currently holding above $0.25 as a potential rebound coincides with a spike in the network’s total value locked (TVL).

Polygon price today

The POL token’s price is up 3% in the past 24 hours at the time of writing, and nearly 12% in the past week.

However, intraday gains reached 6% as POL rose to $0.27, with this coming amid growth in Polygon’s ecosystem, fueled by decentralised finance activity and strategic integrations.

As the price of POL rose, Polygon’s TVL, which has jumped amid bullish momentum, topped a 43% increase year-to-date.

The TVL spiking not only reflects the price gain, but the growing adoption, user trust and capital flows.

Per Token Relations, Polygon saw its total value locked metric fall to $788 million in April.

However, the metric has since witnessed a steady climb to break above $1.23 billion as of August, highlighting the blockchain network’s appeal and attraction as a DeFi player.

Stablecoin growth

Additionally, Polygon has seen a notable spike in stablecoin use.

The recent integration of Agora’s stablecoin, AUSD, on Polygon by Miomi Game is a key development.

Miomi is a web3 esports platform that boasts over 950,000 users.

Polygon also surged to a record $2.56 billion in stablecoin payments in July, with peer-to-peer transfers rising as USDC active addresses jumped to 3.16 million.

Meanwhile, USDT supply on Polygon rose to a new high of $1.29 billion during the month.

Polygon’s surge in dApps, combined with stablecoin adoption and regulatory moves, spotlights the network’s utility.

“Why are institutions building on Polygon? Trusted infrastructure, designed for greater efficiency and ready to scale for institutional demand,” Polygon Labs recently posted on X.

Polygon price prediction

Looking at Polygon’s price charts, the overall outlook is bullish.

The network’s strategic initiatives and cross-chain interactions, which are contributing to organic growth, are evidence that bulls can establish the upper hand.

Polygon’s price surge and TVL spike allude to this. Metrics such as active addresses and transactions are key to buyers breaching the supply wall around $26 and $30.

On the flip side, bears can target the psychological support level at $20.

The post Polygon price forecast: POL surges 6% as TVL reaches 2025 high appeared first on CoinJournal.

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Why is the price of WAVES token rising?

  • Waves launches AI tools and secures $10M funding for Units Network.
  • Price breaks $1.30 resistance with bullish RSI and MACD signals.
  • Community campaign boosts visibility as altcoin flows support gains.

WAVES is climbing again, and traders are asking why.

Over the past 24 hours, the token has risen by 4.86%, extending its 25% weekly rally.

At press time, WAVES traded near $1.40 after moving between $1.32 and $1.54 in the last day.

This surge reflects a mix of new product launches, technical breakouts, changing market conditions, and stronger community engagement.

New AI tools by Waves lit a spark

WAVES gained traction after the introduction of new artificial intelligence (AI) products designed to support decentralised finance.

In July 2025, the Waves team launched an AI Launchpad and a Liquidity Manager aimed at automating DeFi strategies and improving liquidity efficiency.

These additions gave developers easier access to infrastructure for building and optimising protocols on Waves.

Investor sentiment strengthened further when Units Network, Waves’ EVM-compatible layer-2, secured $10 million in funding from Nimbus Capital.

This institutional backing added credibility to the roadmap and attracted speculative capital.

Traders viewed AI-driven upgrades as solutions to real challenges in DeFi, especially in liquidity optimisation, and positioned accordingly.

The market now awaits adoption figures. Metrics from Q3 2025 on Units Network and AI tool usage will determine whether the bullish momentum can convert into lasting demand for the WAVES token.

WAVES price breakout clears a key barrier

On August 18, WAVES broke through $1.30, a zone that aligned with both the 200-day moving average and a major Fibonacci resistance.

That level now acts as psychological support.

Momentum indicators have confirmed the breakout.

The 14-day RSI printed 68.95, showing strong trend conditions though edging toward overbought territory.

At the same time, MACD recorded a bullish crossover with a rising histogram, confirming that upward momentum had accelerated.

$1.56, the 127.2% Fibonacci extension, is now viewed as the next upside target if price holds above $1.30.

The altcoin shift and community push

Broader market flows also work in Waves’ favour.

Although Bitcoin dominance remains elevated at 58.92%, the Altcoin Season Index has risen 26.47% in one week, signalling capital rotation into smaller-cap projects.

That rotation has given altcoins, like WAVES, a performance boost.

Still, derivatives suggested caution. WAVES Open interest has dropped 4.12% over 24 hours, showing that traders have reduced leverage exposure.

This decline indicates that the rally is being led by spot demand rather than aggressive futures positions.

For a token with a $139 million market cap and an uncapped supply model, shifts in demand can move the price sharply.

Long-term sustainability will depend on whether new tools drive real utility to offset the inflationary design.

At the same time, Waves is currently engaged in an active community campaign.

The project has announced the next “Waves Up in Space” mission, running from August 19 to September 5.

Participants of the “Waves Up in Space” mission are invited to post Waves-related content on Twitter and submit entries through Zealy for rewards.

Community challenges like this often amplify visibility, energise the base, and bring new traders into the ecosystem.

WAVES price outlook

The immediate focus is whether WAVES can hold above the $1.30 support zone with rising volume.

A strong defence of this level could open the way toward $1.56, while a breakdown risks stalling momentum and sending the token back into consolidation.

Beyond technical levels, traders should closely track adoption figures from Units Network, activity on the AI Launchpad, and usage of the Liquidity Manager.

Broader sentiment tied to Bitcoin dominance and altcoin flows will also play a decisive role.

For now, WAVES is rising because product upgrades, strong technical signals, market rotation, and a fresh marketing push all converged at once.

If adoption and demand follow through, this rally could mark more than just a short-lived bounce.

The post Why is the price of WAVES token rising? appeared first on CoinJournal.