Schlagwort: crypto business

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Bitcoin near $68K as fear spikes: Santiment sees buy signal

  • Bitcoin price hovers near $68,500 but saw intraday lows of $68,000.
  • Analysts say a textbook buy signal is flashing.
  • Bulls could target $75,000-$80,000 next.

Bitcoin continues to face headwinds, with ongoing tensions in the Iran conflict and the macro outlook key.

Despite the cryptocurrency dipping to near $68,000 amid stock market declines, analysts are pointing to a potential contrarian signal as they forecast a new leg up for BTC.

The bellwether digital asset traded around $68,500 in early trading on Friday, with slight gains coming amid relief for US stock futures.

An uptick in risk assets came after President Donald Trump extended a deadline for potential strikes on Iran’s energy infrastructure by ten days.

BTC now eyes a push back toward $69,000, signaling potential stabilization.

Santiment says BTC is flashing a textbook buy signal

Bitcoin’s retest of $68,000 aligns with what on-chain analytics firm Santiment highlights as a surge in retail bearishness.

Yet it’s this outlook that analysts say could count as a classic contrarian indicator.

Social media chatter shows the crowd amplifying fear, uncertainty, and doubt (FUD) around Bitcoin and altcoins, with sentiment hitting lows not seen recently.

Why does this matter?

According to Santiment, cryptocurrency prices often defy public narratives.

“Historically, prices move opposite to the crowd’s narrative,” the firm notes.

This means that the current spike in pessimism could read as a robust buy signal.

It’s a textbook contrarian outlook where bearish chatter highlights potential bottoms, while bullish retail discourse often marks tops.

Santiment says optimistic terms like bounce, recovery, accumulating, or buying typically signal a sell opportunity.

Meanwhile, crowd chatter dominated by words such as dip, pullback, or bloodbath often signal buying opportunity.

Bitcoin price technical analysis

Over the past 24 hours, Bitcoin’s price action has mirrored broader market volatility.

The asset plunged to intraday lows near $68,500, retracing to weekly support levels and transforming the $72,000–$75,000 band into a formidable supply zone.

Current price levels mark a 4% weekly decline, reflecting investor caution.

From a technical perspective, Bitcoin presents a bullish setup amid the pullback.

The weekly RSI has dipped into oversold territory, hinting at exhaustion selling. Support at $68,000 aligns with the 200-week EMA, a prior accumulation and resistance zone.

The MACD indicator shows the histogram is flattening and there’s a hint of a bullish crossover.

On the upside, a retest of $70,000 brings $72,000 into view.

Short-term, the $75,000 supply zone could cap bulls’ move – unless they breach the level on increased volume amid de-escalation news. Broader forecasts point to $80,000 as a target for bulls.

On the downside, bears may fancy $65,000. However, they face a robust support base near the $60,000 mark.

The post Bitcoin near $68K as fear spikes: Santiment sees buy signal appeared first on CoinJournal.

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Sky price outlook as project diversifies revenue streams and yield strategies

  • Sky is diversifying its revenue streams and yield strategies.
  • Securitize and Maple have joined the Sky Ecosystem agent network.
  • The SKY token could rally to $0.10

The Sky Ecosystem token is under sell-off pressure as negative sentiment keeps altcoins in the red.

But despite top coins wallowing in bearish territory, Sky is up 13% over the past month, and network fundamentals look bullish.

The latest boost comes from ecosystem platforms joining Sky’s agent network, including Securitize and Maple Finance.

SKY price could benefit as the project taps into diversified revenue streams and yield strategies.

Sky-backed Obex brings 8 new allocators to ecosystem

A lot of the buzz around Sky today stems from an announcement that Sky-backed platform Obex is spearheading the latest onboarding of capital allocators.

Sky Ecosystem has welcomed eight new allocators, marking the largest capital deployment from a decentralized protocol into a coordinated cohort of specialised agents.

These allocators have already borrowed up to $1 billion in USDS from the Sky Protocol, enabling deployment across innovative yield strategies.

The Sky Agent Network operates as the ecosystem’s core revenue engine.

Each agent functions as an independent capital allocator, borrowing USDS and directing it toward high-potential opportunities.

These platforms compete on risk-adjusted returns, with a portion of generated value accruing back to the Sky Protocol.

According to details, the new cohort that is helping broaden the network’s DeFi scope includes Maple Finance, Securitize, Centrifuge, River and TVL Capital.

The projects cut across on-chain lending, tokenization, AI infrastructure plays and structured credit, among others.

By integrating these diverse sources, Sky Protocol is adding potential avenues for untapped revenue pools.

Growth could influence SKY price performance, particularly if DeFi yield optimization takes root.

SKY price outlook

The Sky Ecosystem (SKY) token is trading around $0.071, down about 3% over the past 24 hours, after touching intraday highs of $0.077, according to CoinMarketCap data.

As of March 26, the token remains roughly 13% above its late-February lows, reflecting a modest recovery.

The recent uptick has coincided with rising USDS borrowing volumes, while increased interest around agent onboarding has also supported buying activity.

These trends suggest improving network fundamentals, with the reported $1 billion USDS deployment pointing to notable capital inflows that could enhance SKY’s utility in governance and staking.

Broader tailwinds, including growing adoption of real-world assets (RWAs) and supportive regulatory developments in the US and Europe, may further support sentiment.

However, risks remain. Underperformance in yield strategies or renewed macroeconomic volatility could weigh on prices.

From a technical perspective, SKY appears to be forming a bullish flag pattern on the daily chart.

A move above $0.075 could open the door toward the next major resistance near $0.15.

On the downside, the $0.060 level is seen as key support, while the token’s all-time low stands at $0.03, reached in February.

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Katana (KAT) price outlook following Upbit and Bithumb listings

  • Katana (KAT) gains momentum from Upbit and Bithumb listings with KRW pairs.
  • Katana Perps launch adds derivatives and deeper market utility.
  • Traders should watch the support at $0.014 and the immediate resistance at $0.016.

Katana (KAT), the native token of the Katana Network, has seen an extraordinary 53% price surge today, largely fueled by major cryptocurrency exchange listings.

Katana Network price chart

Upbit and Bithumb, two of South Korea’s largest cryptocurrency exchanges, have added KAT, opening up direct KRW trading pairs for the token.

These listings have given Katana greater visibility in a market known for active retail participation.

South Korean investors often respond quickly to new token listings, and the addition of KRW trading pairs makes it easy for traders to engage with KAT.

This kind of exposure can amplify buying pressure and lead to sharp price moves, especially when combined with already strong market momentum.

The recent surge has also coincided with extremely high trading volumes.

KAT’s daily turnover has been several times its earlier average, signalling strong interest from traders and speculators.

Sustained volume is crucial for maintaining momentum. If volume remains high, KAT is likely to continue testing local highs.

Conversely, a sudden drop in trading activity could lead to sharp pullbacks.

Adding to the bullish narrative, Katana recently acquired IDEX to launch a native perpetual futures platform called Katana Perps.

By integrating derivatives trading directly into the ecosystem, Katana can capture more trading activity within its own network.

This move also brings professional liquidity providers and market makers into the token’s orbit, creating a more stable and deeper market.

Technical outlook

Overall, KAT is in a high-momentum phase driven by both exchange listings and real product development.

From a technical analysis perspective, KAT is currently hovering near its recent local high, and the immediate support level to watch is $0.014.

Holding above this level would suggest that bullish momentum remains intact and could pave the way for a retest of the local high around $0.016.

But if this support fails, traders should anticipate a move toward the next key support near $0.012.

Volume remains a crucial indicator in this environment.

Sustained daily volume above $100 million would confirm strong trader interest and reduce the likelihood of a sudden correction.

On the other hand, if volume drops below $50 million, it could signal that momentum is fading and that a pullback may be imminent.

The combination of exchange listings, high trading volumes, and a new derivatives platform provides KAT with both momentum and structural growth potential.

However, traders should be aware that these factors create opportunities but also increase the risk of sharp swings if interest wanes.

The post Katana (KAT) price outlook following Upbit and Bithumb listings appeared first on CoinJournal.

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Ondo surges as Franklin Templeton enters tokenized ETF market

  • Ondo price hovered around $0.26 on Thursday.
  • A partnership with Franklin Templeton brings $1.7 trillion AUM ETFs on-chain.
  • The real-world assets market continues to attract institutional adoption.

The Ondo token traded higher after Ondo Finance announced a key partnership with Franklin Templeton, the global asset manager overseeing $1.7 trillion in assets under management (AUM).

According to the Ondo Finance team, this collaboration is about tokenizing Franklin Templeton’s ETFs to bolster adoption via on-chain access.

The move comes as traditional investment products get increased attention through real-world assets (RWA).

Franklin Templeton’s tokenized ETFs now live on Ondo Global Markets, including the Growth ETF, Income Equity focus ETF and High Yield Corporate ETF.

This launch sees Ondo, a leading RWA protocol, continue to expand its ecosystem. It’s attracting institutional interest amid rising demand for tokenized securities.

“Franklin is partnering with Ondo to have all their ETFs be tokenized so people on-chain can enjoy the awesomeness of cheap beta,” Bloomberg senior ETF analyst Eric Balchunas noted via X.

“Like I’ve been saying, tokenization isn’t a threat to ETFs, on the contrary, it’s a distribution mechanism.”

Ondo, Chainlink and Avalanche are some of the coins riding high on the tokenized assets narrative.

Adoption trends across the globe, with major banks and other top financial institutions keen on a piece of the cake, mean notable long-term gains for ONDO among others.

“Financial assets are becoming software. And as more assets move into the digital wallet-based ecosystem, there’s endless potential for their on-chain utility,” Franklin Templeton’s Robert Crossley said at a tokenization summit in London.

Ondo price analysis

Ondo (ONDO) price reacted bullishly to the announcement, climbing to highs of $0.273.

Despite the optimism around tokenization and real-world assets, RWA ecosystem tokens mirror the broader market in terms of recent performance.

Ondo has traded lower since hitting resistance around $2.00 in late 2024.

The downtrend accelerated below $1.00 in September 2025, with Ondo hitting multi-year lows as cryptocurrencies fell in February this year.

From a technical perspective, key support holds at $0.24 (recent swing low) and $0.21. The latter provides a solid reload zone amid broader market volatility.

Meanwhile, resistance looms at $0.28, with a breakout potentially targeting $0.50.

If Bitcoin maintains stability above $70,000, the next leg up could see ONDO test the $1 mark. Hurdles above this psychological level would be around $1.20 and $1.50.

However, macroeconomic risks like US Federal Reserve rate decisions could combine with geopolitical shocks to cap gains.

BTC is eyeing the $75,000 mark, but an escalation in the Iran war could plunge prices to lows of $50,000.

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Bitcoin price drops below $70,000 after Iran truce buzz, Network Activity weakens

  • Bitcoin price falls below $70,000 as network activity weakens.
  • Declining transactions and addresses signal lower demand.
  • Key support is at $69,400, while resistance stands near $71,600.

Bitcoin price today hit a daily low of $69,914.54 after soaring above $71,000 at the start of the week, following news of a truce proposal to Iran by US President Donald Trump.

The sudden pullback has pushed Bitcoin back below the $70,000 level, a psychological zone that traders often watch closely for signs of strength or weakness.

This decline did not happen in isolation, as the underlying data suggests that the broader network is also losing momentum.

Bitcoin Network Activity signals weakening demand

Recent on-chain data shows that Bitcoin’s Network Activity Index continues to trend downward, pointing to a steady cooling in user participation.

This index tracks a combination of key metrics that together reveal how actively the network is being used daily.

Among these metrics are active addresses, which measure how many unique participants are sending or receiving Bitcoin.

A decline in active addresses often signals reduced interest or engagement from both retail users and larger players.

Transaction counts have also softened, indicating that fewer transfers are taking place across the network.

This drop in transaction activity suggests that demand for block space is easing, which usually aligns with quieter market conditions.

Another important indicator, the UTXO count, reflects how coins are being distributed and reused, and its slowdown points to less frequent movement of funds.

Block data, including the number of bytes per block, further confirms that network usage is not as intense as it was during more active periods.

Taken together, these signals paint a clear picture of declining demand rather than temporary disruption.

The BTC price struggles mirror on-chain weakness

The recent dip below $70,000 appears to be more than just a reaction to short-term news or macro headlines.

Instead, it reflects a broader lack of strong buying pressure needed to sustain higher price levels.

Even though Bitcoin managed to climb earlier in the week, the rally lacked the support of rising network activity.

This disconnect between price and usage often leads to corrections, as the market struggles to justify higher valuations.

Short-term performance data also shows mild losses across multiple timeframes, reinforcing the idea that momentum is fading.

While the market has not entered a sharp sell-off, the gradual decline suggests a slow shift in sentiment.

Investors seem to be taking a more cautious approach, with fewer participants actively entering the market.

At the same time, existing holders appear less willing to move their coins, contributing to the drop in transactional activity.

The key Bitcoin price levels to watch in the coming days

Bitcoin is now approaching a critical zone where price action in the coming days could define its short-term direction.

Notably, most technical indicators are leaning bearish, with Bitcoin trading below major exponential moving averages on the daily chart.

Bitcoin price analysis

This positioning suggests that the broader trend remains under pressure unless the price can reclaim key moving averages.

Currently, the most important level to watch is $69,423, which now acts as immediate support for the market.

If this support holds, it could allow Bitcoin to regain strength and attempt a push toward the first major resistance at $71,645.

If buyers manage to break above $71,645, momentum may build toward the next resistance level at $73,687.

A stronger rally could then open the door for a test of $75,930, which stands as the third key resistance level in the current structure.

On the downside, failure to hold above $69,423 would weaken the current structure and expose Bitcoin to further losses.

In that scenario, analysts note that the next support would be $67,167.

The news to watch

From a macro perspective, traders should closely watch the upcoming inflation data, particularly the PCE print expected early next month.

A softer reading below 2.8% could support risk assets and provide Bitcoin with a chance to recover.

On the other hand, a higher-than-expected figure above 3% may add pressure and push prices lower.

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