Schlagwort: crypto business

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DOGE slips to $0.234 after 6-month high

  • Short-term holders trigger correction by locking in gains.
  • DOGE trades at $0.234, below key resistance at $0.245.
  • Price could test $0.198 if $0.220 support fails.

Dogecoin has shed 15% of its value after reaching a six-month high earlier this month, as a wave of profit-taking among short-term holders triggered a reversal in the memecoin’s recent rally.

The downturn reflects a broader pattern of sell-offs across the cryptocurrency market, where traders are taking gains off the table amid uncertain macroeconomic signals and resistance at key price levels.

At the time of writing, Dogecoin is trading at $0.234, down from recent highs and sitting below the key resistance level of $0.245.

The pullback marks a significant change in sentiment after a period of renewed optimism.

Dogecoin price
Source: CoinMarketCap

Investor behaviour signals short-term weakness

The realised profit/loss ratio for Dogecoin surged this week, reaching its highest level in six months. This metric tracks the profit or loss recorded by investors at the time of selling.

A sharp rise in this indicator suggests a large number of holders are exiting positions in profit, indicating that confidence in further gains is weakening.

This wave of profit-taking has mostly come from short-term investors, who contributed heavily to DOGE’s recent price correction.

The decision to lock in gains at current levels has put downward pressure on the coin’s price action, suggesting a reluctance to hold through potential near-term volatility.

Market participants are closely watching the $0.220 support level.

If DOGE drops below this zone, it could fall further to around $0.198—a key area last seen in earlier trading cycles.

Long-term holders remain steady amid volatility

Despite the short-term selling, Dogecoin’s long-term outlook may not be entirely compromised.

One key indicator, Liveliness—which measures the activity of long-term holders (LTHs)—continues to decline.

This trend suggests that LTHs are not moving their DOGE, implying they are not joining the sell-off.

This reluctance to liquidate positions has previously served as a stabilising force for Dogecoin during periods of intense market activity.

The declining Liveliness could act as a cushion, slowing the pace of the current correction and potentially preventing a full breakdown in price.

Market analysts often view the behaviour of LTHs as a bellwether for a coin’s resilience.

Their current stance suggests that Dogecoin may still have underlying strength, provided the support levels hold and broader sentiment doesn’t worsen further.

Critical resistance could define next move

Dogecoin’s short-term trajectory will likely hinge on whether it can reclaim the $0.245 resistance level.

A breakout above this threshold could invalidate the current bearish setup and open the door to a recovery towards $0.268.

On the other hand, continued profit-taking without fresh buying momentum could see DOGE extend its losses.

If the $0.220 support gives way, the market could quickly test lower support at $0.198.

As it stands, Dogecoin’s future price action will depend on whether long-term holders can provide enough support to offset the current selling pressure from short-term investors.

The post DOGE slips to $0.234 after 6-month high appeared first on CoinJournal.

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Bitcoin price prediction: BTC dips below $118k as $120k resistance level holds

Key takeaways

  • BTC dips below $118k as altcoins record huge losses.
  • The leading cryptocurrency could drop below the $116k support level if bearish sentiment grows stronger.

Bitcoin stagnates around $117k as altcoins bleed

The cryptocurrency market has been bearish over the last 24 hours after enjoying a bullish trend over the last couple of days. Bitcoin, the leading cryptocurrency by market cap, is down by less than 1% in the last 24 hours and now trades around $117k.

However, altcoins recorded heavy losses as they undergo a correction. XRP is down 11% and risks dropping below $3.0 while Ether could drop below $3,500 after losing 3% of its value.

Solana, BNB, TRX, ADA, and Dogecoin are all trading in the red. The bearish performance saw the total crypto market cap decline by 2.6% to now stand at $3.85 trillion. This comes a few days after the total crypto market cap hit a record high of $4 trillion.

BTC risks dropping below $116k if selling pressure increases

The BTC/USD 4-hour chart is bullish and efficient, suggesting that the bulls are still in control despite signs of weakness. The technical indicators remain bullish but have slowed down over the past few days.

The pair is currently consolidating and could either expand to the upside to a new all-time high or face a correction downward. BTC could likely retest the $116k support and TLQ level over the next few hours. The TLQ level could serve as a liquidity to push BTC’s price higher. However, failure to defend this level could see BTC drop lower.

BTC/USD 4H Chart

The MACD lines are in the neutral zone, suggesting that the market is consolidating. The RSI of 51 also shows that buyers are losing control of the market.

If the bulls fail to defend the $116k support level, BTC could experience a sharp decline towards the next support at $112k. However, if the TLQ at $116k serves as a springboard, it would push BTC above the $120k resistance and towards a new all-time high.

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PUMP holders sell at a loss as Pump.fun founder confirms airdrop won’t happen soon

  • Two wallets dumped 1.25B PUMP coins within 2 hours, incurring $1.19M loss.
  • The move came after Pump.fun founder confirmed delays in the much-awaited airdrop.
  • The alt exhibits bearishness amidst community restlessness, down 4% in the past day.

Pump.fun’s meme token has failed to keep pace due to massive dumps from key investors.

PUMP has plummeted from its private sale price of $0.004 to $0.002202 amid overwhelming selling pressure since the July 12 public sale event.

The meme token’s sell-off continued today.

Lookonchain data shows two whale wallets, linked to early investors, dumped 1.25 billion PUMP coins within two hours.

The combined sale was worth approximately $3.81 billion and led to losses of over $1.19 million.

The participants offloaded at $0.00305 per token.

The continued sell-offs have stirred concerns among PUMP holders.

While enormous token sales from early investors are usual in the digital assets space, the timing and scale of Pump.fun’s sale, combined with disappointing updates about the much-awaited airdrop, magnified the bearish momentum.

Pump.fun founder confirms no immediate airdrop

While analysts speculated that delayed airdrop prompted the considerable token dumps, Pump.fun’s founder has cemented this fact.

The meme generator’s founder, Alon Cohen, addressed the airdrop concerns during an interview with Michael ThreadGuy Jerome on Wednesday.

Alon confirmed that the project will hold an airdrop.

However, he emphasized that the giveaway event will have to wait, as the current priority remains ecosystem development and long-term growth.

Alon clarified that Pump.fun targets a well-executed and meaningful giveaway that rewards the community instead of rushing to meet hype-fueled deadlines.

He said:

We want to make sure that it is a meaningful airdrop and it is executed well. We’re actually focusing on bringing back a lot of that attention and hype to our ecosystem. That being said, the airdrop is not going to be taking place in the immediate future.

Alon added that they will communicate any details and timelines when it’s appropriate.

While the explanation may have made sense to some, others view it as a delay that signals internal uncertainty or fading momentum.

Private investors exit Pump.fun

Despite official confirmation, on-chain experts have identified addresses dumping PUMP as those that purchased during the early public sale period.

The most alarming thing is the participants are opting to exit at a loss.

That could only indicate two things: a lack of trust in PUMP’s short-term performance or strategic exits before a liquidity crunch.

PUMP price action

Pump.fun’s native token has lost nearly 4% in the past 24 hours to trade at $0.02202.

Technical indicators demonstrate downward pressure.

PUMP trades below the vital 50- and 100-Exponential Moving Averages on the 1D chart, confirming dominant sellers.

the 1D RSI at 55 suggests room for more PUMP dips before oversold situations emerge.

Also, 3HMACD displays a weakening momentum, failing to decisively surpass the signal line since the July 18 bearish crossover.

With technicals and fundamentals screaming bearish, Pump.fun’s native token remains poised for extended declines before securing a reliable footing.

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CryptoBatz NFTs prices surge by more than 400% following Ozzy Osbourne’s death

  • CryptoBatz NFTs floor price surged 400% after Ozzy Osbourne’s death.
  • CryptoBatz NFTs trading volume hit $281K, soaring 100,000% in 24 hours.
  • NFT market shows signs of revival amid renewed interest.

The sudden death of rock legend Ozzy Osbourne has sparked a dramatic reaction in the digital collectibles market.

Within hours of the announcement on Tuesday that the heavy metal icon had passed away at the age of 76, trading activity around his CryptoBatz NFT collection surged sharply.

Fans and collectors rushed to own a piece of his digital legacy, fueling a major spike in both floor prices and trading volume.

The rapid CryptoBatz NFT prices surge after Osbourne’s passing

Soon after news of Osbourne’s death broke, the floor price of his CryptoBatz non-fungible tokens skyrocketed.

According to data from Coingecko, the collection’s floor price leapt by more than 400%, jumping from under 0.02 Ether (ETH) to a peak of 0.1069 ETH.

CryptoBatz NFT floor price

Although the floor price had since dropped to around 0.037 ETH (approx. $135.02) at press time, it was still up 96.7% over the past week.

This price movement, though temporary, underlined the emotional response from fans and the market’s capacity to react quickly to headline events.

The spike reflects a growing pattern in the NFT world, where notable events — especially involving celebrities — can drive sharp increases in demand and price.

CryptoBatz NFTs trading activity up across marketplaces

Besides the jump in floor prices, CryptoBatz NFTs also witnessed a massive spike in trading volume.

DappRadar data shows that trading volumes exploded by a staggering 100,000% within just 24 hours, reaching a total of $281,200.

The intense activity accounted for nearly 80% of the collection’s estimated total market capitalization, which now sits at around $355,000.

During this spike, 402 sellers and 327 buyers engaged in trades—an impressive turnout given the total supply of 9,666 NFTs in the CryptoBatz collection.

This surge in activity reflects renewed interest in a project that had largely gone quiet in recent months.

Although volume has dropped significantly since its initial launch, Osbourne’s death has clearly reignited collector enthusiasm.

Still short of historic highs

While the sudden interest signals a possible revival in NFT trading, current prices and volumes remain modest compared to the collection’s launch in early 2022.

At its peak, the average price of CryptoBatz NFTs soared above 0.14 ETH, making the recent increase noticeable but still far from historical highs.

As of now, the most expensive CryptoBatz NFT listed is the rare Megadragon bat, priced at an eye-watering 99 ETH.

Meanwhile, the lowest-priced token available on the market, CryptoBat #5892, is listed at around 0.4 ETH — still significantly higher than before the news of Osbourne’s passing.

Although this resurgence has not matched the frenzy seen at the collection’s debut, it may suggest that some life is returning to the NFT market after a prolonged downturn.

Signals of a broader NFT market rebound

Industry observers are closely watching whether this spike indicates a broader recovery in the NFT space.

While the bump in CryptoBatz trading may be driven largely by emotion and nostalgia, it has drawn attention to an industry many had written off after a steep decline in 2023 and early 2024.

Despite the modest figures, some experts believe this could be an early sign of a market turning point.

With NFT sales reaching $2.8 billion in the first half of 2025, even amid dropping volumes, moments like this could help restore confidence.

In a separate but related development, Spotify recently faced criticism after being accused of publishing AI-generated songs under the names of deceased artists without proper permission.

The controversy has stirred debate around the ethics of digital legacy, a topic increasingly relevant in the world of NFTs.

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BONK price: bulls defend key level as Solana meme coins heat up

  • Bonk (BONK) price hovers above a key level after bulls gained 7%.
  • Pudgy Penguins (PENGU) had briefly overtaken Bonk as the top Solana-based meme token by market cap.
  • Analysts say BONK could explode higher amid overall memecoin resurgence.

Bonk (BONK) and Pudgy Penguins (PENGU) are in a battle for top spot among Solana-based meme tokens.

At the time of writing, Bonk was surging 7% in the past 24 hours to just reclaim the throne with a market cap of over $2.71 billion.

Pudgy Penguins, which had exploded double digits amid spot exchange-traded funds news and Binance seed tag removal, tailed a close second with $2.69 billion in market cap.

The rally for PENGU, which briefly saw it overtake Bonk as top Solana meme, came as other ecosystem tokens like dogwifhat and Popcat recorded upside flips.

BONK, PENGU price surge helped by Binance lifting tag seed

While memecoins have recently exploded amid a broader altcoin rally, BONK and Pudgy Penguins have benefited from an announcement by Binance. 

On July 21, 2025, the leading crypto exchange posted an update that indicated Binance will remove the Tag Seed for BONK, EIGEN, ETHFI, PENGU and PEPE.

“Tokens with the Seed Tag represent new, innovative projects that may exhibit higher volatility and risks compared to other listed tokens,’ Binance explained. 

By removing the tokens from the list of those tagged as high risk, Binance helped to bolster not just trader confidence, but also enhanced liquidity support. The move also catalyzes increased visibility for the tokens, likely why PENGU, BONK and the other projects exploded.

Pudgy Penguins’ community reacted to ETF filing news in style and crypto analyst Ali Martinez had this to say:

“Pudgy Penguin $PENGU: Top-tier memecoin with mainstream crossover. ETF filing puts it in rare company.”

The meme coin briefly surpassed BONK in market capitalization, and could yet establish itself there unless BONK fights back.

BONK price: bulls look to defend key level

BONK’s price is up just 6% in the past 24 hours and 9% in the past week. However, with bulls looking to defend a critical support level around $0.00003485, the fight to fend off Pudgy Penguins’ push is on.

Currently, BONK is consolidating between support at $0.00003 and the supply zone at $0.00004.

Analysts are optimistic that BONK holding above the current demand zone could allow them to target November 2024 highs. This is the area of Bonk’s all-time high above $0.000059. BONK’s resilience and community support, with open interest up 2.69% to over $55 million.

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