Schlagwort: crypto market

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ETH price prediction: Ether targets $4,500 as the $4,200 support holds

Key takeaways

  • Ether has reclaimed the $4,300 level after briefly dropping to the $4,200 region on Tuesday.
  • The second-largest crypto by market cap could now surge past the $4,500 resistance level in the coming hours.

$4,200 support holds strong for Ether

The cryptocurrency market has had a positive start to the week but experienced a flash dump on Tuesday. Bitcoin dropped to the $110k region, prompting Ether and other major cryptocurrencies to underperform.

However, Ether defended the $4,200 support, with the coin forming a low at $4,211 a few hours ago. Ether, similar to Bitcoin, is now bouncing back from the dump and is currently trading above the $4,300 level.

Ether has maintained its price above $4k in recent days after hitting an all-time high of $4,953 in August. The strong support above $4k could indicate that Ether is not yet done with its rally and could experience a breakout soon. 

Ether eyes $4,500 amid bullish sentiment

 The ETH/USD 4-hour chart is bullish and efficient, as Ether has been performing well in recent days. The technical indicators suggest that the TLQ at $4,200 could serve as a springboard for Ether to rally higher in the near term.

The RSI of 50 shows that Ether’s bearish momentum is fading, with the bulls slowly gaining control of the market. The MACD lines are also about to converge in the bullish zone, showing that buyers are now in charge.

ETH/USD 4H Chart

If the recovery continues, ETH could surge past the high of $4,500 over the next few hours. An extended bullish run would see Ether hit the high of $4,656 before attempting to take out its all-time high.

However, if the correction goes deeper, ETH could take out the $4,200 support level before testing the low of $4.050 formed on August 20th.

The post ETH price prediction: Ether targets $4,500 as the $4,200 support holds appeared first on CoinJournal.

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Alts today: Worldcoin rallies on Eightco backing, DOGE eyes ETF approval, FLOCK soars 150%

  • Eightco announced a $270M raise to fund the first-ever Worldcoin treasury.
  • An expert predicts a 93% chance of Dogecoin ETF approval this week.
  • FLOCK skyrockets after Upbit and Coinbase listings.

Altcoins displayed mixed performance on Tuesday as the broader market remained range-bound.

Worldcoin, Dogecoin, and Flock.io dominated fundamental and technical trends in the past 24 hours.

Eightco’s bold move into Worldcoin

WLD traded in the green today after gaining more than 50%.

It hovers at $1.92, with a 240% uptick in 24-hour trading volume confirming significant trader activity.

The altcoin turned bullish after public company Eightco confirmed a $250 million financing round dedicated to a Worldcoin (WLD) treasury strategy.

The firm revealed that it will use the placement’s proceeds to purchase the tokens, with plans to make Worldcoin the core pillar of its balance sheet.

Meanwhile, Worldcoin has attracted criticism due to its biometric verification, which requires iris-scanning.

Its team argues that the model guarantees security and aligns with the rising artificial intelligence technology.

Commenting on their pivot to Worldcoin, Eightco’s new CEO, Dan Ives, said:

The future of AI requires World to lead the way in this AI-driven Fourth Industrial Revolution. World is the internet of people. While AI gives us infinite abundance, World gives us infinite trust and authentication.

For context, Worldcoin rebranded to World in August 2024.

DOGE ETF approval imminent?

Dogecoin dominated meme coin trends once again, this time with crucial developments that hint at entry into the regulatory financial landscape.

According to Santiment’s analyst Brian Quinlivan, there’s a 93% odds that Rex-Osprey’s Dogecoin ETF gains approval and launches in the US this week.

Bloomberg ETF analyst made similar remarks last week, potentially fueling the rumors.

That will mark the first DOGE-focused exchange-traded fund in the American market.

The original meme token hovered at $0.2472 after gaining 4% in the past day.

While the current outlook suggests short-lived rallies, prevailing institutional traction remains crucial in transforming Dogecoin beyond its meme identity.

Nasdaq-listed CleanCore revealed a $175 million Dogecoin treasury last week, while Bit Origin confirmed plans to accumulate DOGE worth $500 million.

Thus, Rex-Osprey’s latest DOJE news grabbed attention.

If approved, the ETF would allow institutional investors to invest in the meme token through brokerage accounts.

That’s essential for players who want to participate in cryptocurrency without the technicalities of buying, holding, or wild volatility.

A Dogecoin exchange-traded fund will likely trigger significant gains for the altcoin.

That would potentially open the path to the highly sought-after $1 in the coming months, especially if other companies adopt similar cryptocurrency strategies.

FLOCK skyrockets 150%

FLOCK led today’s market recovery with a more than 150% price increase in the past 24 hours.

The robust rally came after the decentralized AI trading platform gained key integration on leading cryptocurrency exchanges Upbit and Coinbase.

The alt recorded a sharp jump after the listing before retracing to $0.4354.

Meanwhile, the 3,000% surge in 24-hour trading volume signals robust optimism, likely as the Coinbase and Upbit communities interact with the new token.

Nevertheless, FLOCK exhibits massive volatility, hinting at further declines as the hype cools before establishing a decisive trajectory.

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Chainlink eyes $27 as ETF talks intensify; Check forecast

Key takeaways

  • LINK is up nearly 6% and is currently trading above $23 per coin.
  • Grayscale has filed to convert its existing LINK trust into the GLNK ETF and could include staking if approved.

Grayscale files to convert its LINK trust into an ETF

Digital asset manager Grayscale has filed with the U.S. SEC to convert its existing Chainlink Trust into a spot exchange-traded fund (ETF). According to the S-1 registration statement submitted to the regulator on Monday, Grayscale stated that if approved, the ETF would trade on NYSE Arca under the ticker GLNK. 

The filing also includes a potential staking feature. If approved, the ETF would use third-party staking providers while keeping the LINK tokens in custodian wallets. Grayscale explained that the ETF could retain the staking rewards, distribute them to stakeholders, or sell them to cover expenses. 

LINK eyes $27 as altcoins rally higher

The LINK/USD 4-hour chart is bullish but inefficient, as altcoins have been rallying since the start of the week. LINK is currently trading above $23 and is now targeting its recent high.

The RSI of 63 shows that LINK is heading into the overbought territory, while the MACD lines are also within the bullish region. If the rally continues, LINK could hit the high of $27.94 recorded on August 22nd. However, LINK could temporarily dip to $22 to gain efficiency before rallying higher. An extended rally would see LINK test the $30 psychological mark over the coming days or weeks.

LINK/USD 4H Chart

However, in the event of a market correction, LINK could retest the TLQ and support level at $21. Failure to hold this support level could see LINK drop below $20 for the first time in over four weeks.

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Bitcoin price prediction: BTC targets $117k as bullish sentiment grows

Key takeaways

  • BTC is approaching the $113k mark again as the bullish momentum grows.
  • Surpassing the $113k resistance level could see BTC surge towards the $117k mark in the near term.

Corporate entities continue to buy more Bitcoins

The cryptocurrency market is having a positive start to the week, with most coins and tokens currently in the green. Bitcoin, the leading cryptocurrency by market cap, overcame the $107k low last week and is now trading close to the $113k mark.

BTC is up by 1.55% in the last 24 hours and is now trading at $112,900. The rally could see BTC surpass the $113k resistance level in the near term and rally higher over the next few hours. 

The positive performance also comes as corporate entities continue to increase their exposure to Bitcoin. Michael Saylor’s Strategy announced on Monday that it acquired 1,955 BTC for $217.4 million at $111,196 per bitcoin and has achieved a BTC Yield of 25.8% YTD 2025. As of 9/7/2025, Strategy holds 638,460 $BTC acquired for $47.17 billion at $73,880 per bitcoin.

Japanese-based Metaplanet also added 136 Bitcoin to its reserves, increasing its total holdings to 20,136 BTC, valued at over $2.2 billion at current prices. According to the company, it purchased 136 bitcoins for 16.55 million Japanese yen ($111,830) per coin. Metaplanet is moving towards its target of hitting 30,000 Bitcoins before the end of the year. 

BTC eyes $117k as bullish momentum grows

The BTC/USD 4-hour chart remains bearish despite Bitcoin’s recent positive run. The sentiment is, however, shifting bullish as buyers begin to dominate the market. The RSI of 63 shows that buyers are in control, and BTC could soon enter the overbought region. 

BTC/USD 4H Chart

The MACD lines are also within the positive territory, indicating a bullish bias. If the rally continues, BTC could break above the $113,541 resistance over the next few hours and target the $117k high. An extended bullish run would see BTC rally towards the $120k FVG.

However, the market could encounter a correction following the recent rally. If that happens, BTC could retest the $111k low over the next few hours.

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How high can the Worldcoin (WLD) price go after today’s 22% jump?

  • Whale wallets added 310,000 WLD, boosting bullish momentum.
  • Worldcoin adoption surges with 456,000 new World App users in a week.
  • Key resistance at $1.40 could open the path toward $1.50–$2.00.

Worldcoin (WLD) has leapt 22% in the past 24 hours, lifting the token above $1.20 and putting traders on alert for more upside.

The price surge marks one of its sharpest rallies since April and has sparked speculation over whether WLD could finally break through key resistance levels.

The trading volumes also surged past $1 billion, more than tripling from earlier in the week, a sign of renewed interest from both speculative traders and long-term holders.

Whales step back in

Big investors appear to be leading the charge.

Data from Santiment shows whale wallets added around 310,000 WLD in the past 24 hours, boosting large holder balances by 4.5%.

That kind of accumulation often fuels follow-up retail demand, creating momentum that can sustain rallies beyond the short term.

Notably, the renewed whale interest came just days after Worldcoin introduced its Anonymised Multi-Party Computation initiative, aimed at strengthening its biometric verification system with stronger privacy and quantum resistance.

The announcement has been welcomed as a step toward addressing the project’s biggest controversies and may be drawing big money back to the token.

Worldcoin adoption numbers are promising

Worldcoin’s rally is not just about whales. Adoption metrics show steady growth, reinforcing the bullish case.

More than 238,000 new people verified their identities on the network in the past week, while the World App added 456,000 users, bringing the total close to 34 million.

Activity on the chain is also holding up. The project processed 15.7 million transactions in just seven days, averaging around 2 million a day.

That kind of usage helps counter arguments that the token’s moves are purely speculative.

Recent partnerships with Razer and Match Group have also raised visibility, even as regulators continue to keep the project under scrutiny.

WLD price prediction

The WLD price recently broke out of a falling wedge on the daily chart, while a larger cup-and-handle pattern has been developing since May.

These patterns are typically seen as bullish continuation signals.

The token has already cleared the 38.2% Fibonacci retracement at $1.106, and if it closes above that level, the next target sits near $1.21.

That zone lines up with the 50% retracement and could act as a springboard toward the bigger test at $1.40 to $1.50.

Momentum indicators back the move. The MACD shows a fresh crossover to the upside, and the RSI has climbed to 57, showing strong buying without yet tipping into extreme overbought territory.

Worldcoin price chart

A decisive breakout above $1.40 could unlock room for a run toward $2.04 in the weeks ahead.

Risks haven’t gone away

While the technical analysis shows the altcoin is poised for more gains, there are some risks.

The circulating supply has grown by almost 20% since May, adding steady sell pressure that could cap gains.

Spot trading volumes have also been volatile, down sharply over the past month even as derivatives open interest increased, a combination that can fuel sudden reversals.

Regulation also looms large. Authorities in China issued warnings in August over biometric data concerns, while European regulators continue to investigate privacy risks.

Fresh pressure from watchdogs could dampen adoption and weigh on investor sentiment, even if the charts remain constructive.

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