Schlagwort: crypto market news

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Can VINE cryptocurrency sustain the Elon Musk initiated bull run? Here’s a closer look

  • The price of VINE cryptocurrency spiked after Elon Musk teased a Vine AI relaunch.
  • The momentum, however, faded as the price failed to hold above key resistance.
  • Without utility, VINE relies on hype to sustain its rally.

In yet another example of Elon Musk’s uncanny ability to move markets with a single tweet, Vine Coin (VINE), a meme token on the Solana blockchain, saw its price more than double within hours on July 24, 2025.

The trigger was a brief but powerful message from Musk: “We’re bringing back Vine, but in AI form.”

That simple announcement catapulted VINE back into the spotlight and sent traders scrambling.

But as the hype begins to cool, serious questions are emerging. Can VINE maintain its bullish momentum, or was this just another fleeting rally powered by social media hype?

Musk’s Tweet lit the fuse, speculation fueled the flame

Notably, Musk’s post didn’t mention any cryptocurrency, yet it instantly sent VINE soaring.

The connection was speculative at best, but in the meme coin world, that’s often all it takes.

Within hours, the token’s market cap doubled, and trading volume surged past $240 million.

Social media exploded with mentions of #VineCoin, while Telegram groups and crypto X (formerly Twitter) fed the narrative that VINE could somehow be tied to a revived version of the Vine app.

However, it’s important to note that VINE has no official affiliation with Musk or X. The token was created in January 2025 by Rus Yusupov, one of Vine’s original co-founders.

Unlike other blockchain projects, VINE comes with no roadmap, no promise of future integration, and no token utility.

What it does have is nostalgia, narrative potential, and a fast-moving, speculation-driven community.

Vine price correction signals caution

At the peak of the Musk-driven frenzy, VINE hit $0.1765 before quickly retracing to around $0.1351 and later slightly recovering to $0.1402 by the time of writing.

Vine cryptocurrency price chart

While the rally was impressive, the failure to hold above the key resistance above $0.1765 signalled a lack of sustained buying pressure.

Technical indicators soon confirmed the shift.

The Chaikin Money Flow (CMF) dropped below zero, indicating fading inflows, while the Awesome Oscillator (AO) began flashing red, pointing to weakening bullish momentum.

Elevated trading volume during the pullback added another layer of concern. When volume remains high while prices fall, it often signals increasing selling pressure rather than a healthy consolidation.

Although some traders are still hopeful for a bounce, if support at $0.14 fails, the next downside targets could be $0.070 and even $0.051.

On the other hand, if bulls regain control, VINE could push toward its all-time high of $0.02358, registered in March this year.

However, without concrete steps toward utility or ecosystem development, meme coins like VINE often struggle to maintain gains.

While the excitement around a possible Vine AI relaunch gave traders a reason to speculate, it’s unclear whether that will translate into long-term value for the token itself.

What separates fleeting fads from sustained growth is the ability to convert attention into utility.

At this stage, VINE lacks the fundamentals to do that, and unless that changes, it remains at the mercy of online sentiment and celebrity influence.

The post Can VINE cryptocurrency sustain the Elon Musk initiated bull run? Here’s a closer look appeared first on CoinJournal.

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Elon Musk’s Dogecoin tweet fails to stop the decline: can DOGE recover?

  • Dogecoin continues to drop despite Musk’s tweet supporting it over other cryptos.
  • Key support at $0.2220 with risks of a further drop if the support does not hold.
  • Recovery is possible if DOGE breaks $0.2350 resistance.

Dogecoin (DOGE), the popular meme-based cryptocurrency, has once again found itself at the centre of the crypto spotlight.

This time, however, not even Elon Musk’s vocal support seems enough to stop its current price dip.

Despite Musk’s latest remarks affirming his fondness for Dogecoin, saying “I like dogs and memes” while dismissing other cryptocurrencies, DOGE continued its downward trend, dropping 6% today.

Dogecoin price continues to slide bullish technical patterns

Dogecoin had surged an impressive 38% over the past month, buoyed by strong technical patterns and massive whale accumulation.

Earlier, a popular analyst had identified a Livermore Cylinder pattern on the charts, a formation often associated with parabolic rallies.

This pattern led many to believe DOGE could break through resistance levels and potentially reach $1.50 in the coming months.

Moreover, on-chain data shows that over $250 million worth of DOGE was scooped up by large holders in just 48 hours.

Trading volume has also spiked by 77%, indicating heightened interest and aggressive buying pressure.

These developments signalled to many that a significant breakout was on the horizon.

However, following a recent decline from the $0.250 mark, Dogecoin began to underperform compared to Bitcoin and Ethereum.

The memecoin has dropped below several support zones, and now trades under both the $0.2320 level and its 100-hourly simple moving average, leaving many traders cautious.

Bear pressure mounts

Technically, Dogecoin is now facing resistance at $0.2280 and $0.2350.

A bearish trend line has formed on the hourly chart, suggesting further downward pressure unless bulls reclaim these critical levels.

In addition, the hourly MACD is gaining strength in the red zone, while the Relative Strength Index (RSI) remains below the neutral 50 level.

A key support has formed at $0.2220, and a drop below this could expose DOGE to further declines toward $0.2120 and possibly even $0.2054.

If DOGE breaks below the $0.2054 level, the next downside targets could be $0.1980 or $0.1947, according to CoinLore. Momentum indicators also reflect this bearish turn.

Nevertheless, there is still a chance for a recovery. If Dogecoin climbs above $0.2280 and sustains a move past $0.2350, it could attempt to retest the $0.250 level.

A strong close above $0.2420 might shift momentum back in favour of the bulls.

The post Elon Musk’s Dogecoin tweet fails to stop the decline: can DOGE recover? appeared first on CoinJournal.

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PI coin surges amid August Binance debut speculation

  • Pi Network (PI) coin spiked today on Binance listing rumours for August 15.
  • Price hit $0.4697 before pulling back to around $0.4449.
  • No official listing confirmation from Binance or Pi Network.

Pi Network’s native token, PI, saw a notable price surge following mounting speculation about a potential listing on Binance this coming August.

Although there is no official confirmation from either Pi Network or Binance, growing investor excitement has temporarily lifted the coin’s price and revived bullish sentiment within the community.

Rumours of Binance listing drove an intraday spike

The coin rose to a daily high of $0.4697 early Monday, following waves of social media chatter that Binance might list PI on August 15.

Shortly after hitting its peak, PI pulled back to $0.4449, reflecting a natural cooling off after speculative buying.

Nonetheless, the brief price spike sparked renewed attention from traders who have been monitoring Pi’s long-term viability and listing prospects.

Interestingly, comparisons are already being drawn to PI’s previous listing on OKX. In that case, similar rumours had circulated for weeks before the token finally appeared on the exchange.

The Pi Network community is now watching closely to see whether history will repeat itself on Binance.

Transparency and tokenomics still cloud the outlook

While the buzz continues to build, analysts have been quick to urge caution.

According to experts like Dr. Altcoin, Binance and other top-tier exchanges typically require clear regulatory and operational documentation before approving new listings.

This includes undergoing Know Your Business (KYB) verification and publishing a detailed roadmap, neither of which Pi Network has fully completed.

Furthermore, Pi Network’s mainnet transition is still not accompanied by comprehensive tokenomics or a transparent release plan.

This ongoing lack of clarity continues to pose a major hurdle for institutions that are bound by compliance standards and investor protection policies.

Despite these concerns, third-party platforms such as Onramper have listed Binance as an available payment option within the Pi Wallet interface.

However, this does not equate to a direct integration or listing, as Onramper is a standalone payment gateway and not affiliated with Binance’s exchange listing procedures.

Pi coin eyes $0.493, but caution remains key

Over the past few days, PI has managed to maintain a key support level at $0.440, even amid increased volatility.

After declining by nearly 10% earlier in the week, the coin has rebounded steadily, now trading slightly above the $0.450 mark.

This movement suggests that buying pressure may be gradually returning, driven largely by renewed optimism surrounding the Binance speculation.

Technical indicators also show signs of stabilisation. The Moving Average Convergence Divergence (MACD) has shown a bullish crossover, while the Chaikin Money Flow (CMF) has spiked upward, signalling a fresh inflow of capital.

Although CMF values remain below zero, the current trend indicates that PI may be attracting serious accumulation from retail investors.

In addition, the daily trading volume has reached $82.6 million, reinforcing the idea that the market is paying attention.

While it remains unclear whether Binance will list PI on August 15, Pi Network’s price remains in a fragile but promising position.

If it successfully turns $0.450 into solid support, further rebounds toward the $0.493 level may be possible.

However, should sentiment shift or selling pressure increase, the token could once again test its all-time low of $0.400, which is still within reach.

The post PI coin surges amid August Binance debut speculation appeared first on CoinJournal.

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XRP forecast: is the pullback over as Ripple CTO clarifies loss of XRP Ledger blocks?

  • The XRP price is currently holding above $3 amid whale accumulation and network growth.
  • Ripple CTO defends not resetting ledger after early data loss.
  • A break above $3.30 could trigger a rally toward $4 and beyond.

Following the week-long price decline, investors are sceptical about the next XRP move, with most turning to XRP forecasts for any clues.

The third-largest cryptocurrency by market cap has lost over 9% in the past seven days, despite earlier momentum that saw it break above the $3.50 mark.

Amid the market uncertainty, Ripple CTO David Schwartz is in the spotlight with detailed explanations about the long-standing mystery surrounding the XRP Ledger’s missing early blocks — a topic that has raised both technical and ethical questions within the crypto space.

Whale activity helping XRP stay afloat

Despite the recent pullback, XRP has held above the crucial $3.50 psychological level, with strong support building near $2.95.

This stability comes at a time when whale accumulation has intensified.

On-chain data reveals that large holders, wallets holding between 10 million and 100 million XRP, have increased their total holdings to over 8.3 billion XRP, representing 14% of the circulating supply.

This accumulation is significant because it reduces market volatility and cushions against sharp selloffs.

By limiting the amount of XRP available for sale, whales are effectively providing a price floor.

Consequently, retail investors often follow such movements, anticipating a stronger rally in the near term.

XRP Ledger sees network growth

In addition to whale behaviour, network data shows that the XRP Ledger is experiencing a noticeable rise in new wallet creations.

On July 18, daily new addresses peaked at approximately 11,000, and the network has since maintained an average of 7,500 new wallets per day.

This surge signals growing demand and heightened adoption, especially as traders seek faster, low-cost blockchain alternatives.

Moreover, XRP has outperformed Bitcoin over the past month, gaining over 30% against BTC.

This relative strength reinforces bullish sentiment, particularly among investors looking for altcoins with strong technical fundamentals and institutional backing.

XRP price action battles resistance

Currently, XRP is trading at $3.24 after bouncing from a low of $2.99 last week.

The 24-hour range remains tight, hovering between $3.17 and $3.32, while the all-time high of $3.65 (set on July 18) still looms as a psychological barrier.

Holding above $2.95, which aligns with the monthly volume-weighted average price (VWAP), is essential for XRP to maintain a bullish structure.

Technical setups indicate that a break above $3.30 could trigger a push toward the $3.82 mark, as projected by Fibonacci extensions.

Notably, prominent trader CasiTrades recently stated that “What’s promising is that we have not made a new low. Instead, it appears to have completed a subwave wave 2 of a new trend reaching a deep .854 retrace.”

Ripple’s CTO explains loss of 32,000 XRP Ledger blocks

As XRP’s price battles resistance, Ripple’s Chief Technology Officer David Schwartz has responded to renewed scrutiny over the XRP Ledger’s early history.

Specifically, critics have questioned the integrity of the network due to the loss of its first 32,000 ledgers, which span the initial ten days of its existence.

Schwartz explained that the missing blocks were the result of a software bug during the early development stages, when multiple independent ledger streams were created.

One of these streams experienced a failure, leading to unrecoverable data loss. He emphasised that this was a known issue and not an act of fraud or negligence.

Calls to reset the ledger have surfaced repeatedly, particularly from sceptics.

However, Schwartz stated that such a move would have worsened the situation by erasing additional historical data that is currently preserved.

“Nothing we could do would restore the missing information,” he wrote in a recent post on X.

What XRP traders should watch next

With XRP still up 428% year-on-year and supported by strong fundamentals, the question now is whether the pullback is over.

Whale accumulation, combined with consistent network growth and Ripple’s public response to technical concerns, provides a foundation for confidence.

That said, price must hold key levels. Any break below $2.90 could invalidate the current bullish setup.

Conversely, a move above $3.30 could ignite fresh momentum, potentially targeting $4 in the near term.

For now, XRP’s resilience, transparency from Ripple leadership, and growing adoption suggest that the market may be preparing for its next leg up — assuming broader sentiment holds steady.

The post XRP forecast: is the pullback over as Ripple CTO clarifies loss of XRP Ledger blocks? appeared first on CoinJournal.

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Safemoon forecast: can SFM coin rise again after its contract migration?

  • Safemoon forecast mixed despite recent migration to Solana.
  • SFM price is down, but technical signals hint at a rebound.
  • Community remains bullish, but real-world use is still lacking.

Safemoon (SFM) cryptocurrency has been under immense bear pressure for the longest time, prompting investors to question whether the Safemoon forecast offers any hope.

The digital token, once celebrated for its community-driven appeal, has struggled to regain upward momentum.

Now, after completing a major transition to the Solana blockchain, many in the crypto space are eager to know: can the SFM coin make a comeback?

Speculation after SFM migration to Solana

In April 2025, Safemoon completed its long-awaited migration from its old contract to a new one built on Solana.

The team officially shut down the previous V2 contracts on April 11, marking a pivotal shift in the project’s technical infrastructure.

This migration was aimed at enhancing speed, scalability, and overall user experience.

However, while the move has energised a section of the community, it hasn’t yet translated into significant price gains.

As of July 28, the SFM token was trading at $0.000008534, down 29.2% over the past month and down 79.2% over the past year.

Nevertheless, despite the bearish trajectory, the Safemoon community remains optimistic that the move to Solana will lay the groundwork for future utility and adoption.

Safemoon forecast: looking at the technical signals

Technical indicators currently paint a mixed picture for the SFM coin.

According to Bollinger Bands analysis, the Safemoon price is sitting at the lower band.

This typically signals an oversold condition and could hint at a buying opportunity. However, caution is still advised.

In addition, the Bollinger Bands are unusually wide, highlighting the heightened volatility surrounding the asset.

Interestingly, Safemoon’s price recently dipped below the lower band before recovering into the band’s range.

That quick re-entry may suggest the bearish move was a false signal.

Still, traders are urged to watch for confirmation before making aggressive entries.

Safemoon price analysis

Another critical indicator — the Accumulation/Distribution (A/D) line — continues to decline.

A falling A/D line, especially when paired with a falling price, often indicates sustained selling pressure.

This trend suggests that despite community optimism, investors are yet to accumulate SFM tokens in significant numbers.

Community sentiment holds strong

One bright spot in the Safemoon ecosystem is community confidence.

According to CoinMarketCap, over 7,300 users have cast sentiment votes, with 86% of them bullish on the Safemoon price prediction. This shows that faith in the token’s potential has not been entirely lost.

Even with the bearish market performance, daily trading volume remains relatively high, standing at $689,372.

This implies ongoing interest and activity, although not necessarily positive momentum.

Market analysts often look at volume spikes as precursors to price movement, so the sustained trading activity may still yield surprises.

Real-world utility remains the missing piece

Despite all the technical developments, the missing link for Safemoon cryptocurrency remains a real-world application.

The Safemoon team must now focus on delivering tangible use cases.

Without a clear utility beyond speculative trading, the SFM coin may struggle to build lasting value.

Currently, the token’s fundamentals do not appear strong enough to support a significant rally.

However, this could change if the project succeeds in building out its ecosystem on Solana.

The blockchain’s low fees and fast transaction speeds offer potential for dApps and DeFi integrations, both of which could reinvigorate investor interest.

Looking forward, much of the Safemoon forecast depends on what the team delivers post-migration.

Technical indicators suggest a cautious outlook, but community optimism and ongoing trading activity hint at underlying support.

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