Schlagwort: crypto market

Key takeaways

• XRP trades below $1.25 on Tuesday as the cryptocurrency struggles to recover.
• CryptoQuant data points to persistent sell-side dominance in XRP, with large whale orders adding uncertainty to XRP’s outlook.
• XRP faces immediate resistance at $1.285 and $1.30, while a deeper decline could bring the $1.16 and $1.00 support levels into focus.

XRP remain under selling pressure on Tuesday as it struggles to recover from their recent declines.

XRP is trading below $1.25, with buyers finding it difficult to push the price back above the $1.30 level.

Data from CoinGlass and CryptoQuant paints a mixed picture. While funding rates suggest some traders are still betting on a recovery, derivatives positioning and on-chain activity indicate that sellers remain influential.

Technical indicators are also showing little evidence of a sustained reversal, leaving both cryptocurrencies vulnerable to further losses.

XRP derivatives data show mixed market sentiment

Derivatives traders appear increasingly cautious about the near-term prospects of XRP, although not every indicator points in the same direction.

According to CoinGlass, XRP’s long-to-short ratio stood at 0.84 on Tuesday. The ratio is below 1, indicating that short positions outnumber long positions in the measured market.

The readings suggest a bearish tilt in positioning, with traders showing limited confidence in an immediate price recovery.

However, funding rates tell a somewhat different story. Funding rates for XRP turned positive on October 30 and have remained above zero.

As of Tuesday, XRP’s funding rate stood at 0.0073%.  Positive funding rates mean traders holding long positions are paying those with short positions, reflecting a willingness among some market participants to maintain bullish exposure.

The contrast between the long-to-short ratios and funding rates suggests that traders remain divided over the next major price move.

While short positioning points to caution, positive funding indicates that some leveraged traders are still anticipating a rebound.

Beyond the derivatives market, on-chain and trading activity data also suggest that XRP and Stellar are facing persistent selling pressure.

According to CryptoQuant’s market summary, XRP’s spot and futures markets are showing sell-side dominance alongside unusually large whale orders.

Large orders from major market participants can influence short-term price movements, especially when liquidity is relatively thin.

CryptoQuant also identifies heating conditions in XRP’s spot market, suggesting heightened trading activity during a period of weak sentiment.

Taken together, these indicators point to a cautious market environment in which sellers continue to have an advantage.

XRP technical forecast: Bears maintain control below $1.30

XRP is trading around $1.2487 on Tuesday, with its daily chart showing that the cryptocurrency remains firmly under bearish pressure.

The token is currently trading below its major Exponential Moving Averages (EMAs), including the 50-day EMA at $1.336, the 100-day EMA at $1.324, and the 200-day EMA at $1.365.

Trading below all three indicators suggests that the broader trend remains weak, with potential recovery attempts likely to encounter resistance.

XRP is also struggling beneath a descending trendline near $1.285 and the psychological resistance level at $1.30.

These two barriers represent the first major obstacles buyers must overcome to improve the short-term outlook.

Momentum indicators offer little encouragement for bulls. The Relative Strength Index (RSI) is hovering around 37, indicating weak buying momentum. 

However, the indicator has not yet entered oversold territory, suggesting that additional downside remains possible before selling pressure becomes technically stretched.

Meanwhile, the Moving Average Convergence Divergence (MACD) remains slightly negative, reinforcing the prevailing bearish sentiment.

On the upside, XRP must first reclaim the descending trendline resistance around $1.285.

A sustained move above this level could open the door for a retest of $1.30, which has emerged as an important short-term resistance zone.

If buyers manage to break above $1.30, attention could shift toward the 100-day EMA at $1.324 and the 50-day EMA at $1.336.

The 200-day EMA at $1.365 represents another significant hurdle. A decisive move above this cluster of moving averages would strengthen the case for a broader recovery toward $1.54 and potentially $1.90.

On the downside, immediate support lies at $1.16. A breakdown below this level could accelerate selling pressure and expose the psychological $1.00 mark, where buyers may attempt to defend the price.

For now, XRP’s technical structure remains bearish, with the inability to reclaim $1.30 keeping sellers in control.

The post XRP struggles below $1.30 amid growing selling pressure appeared first on CoinJournal.

TL;DR

• Dogecoin trades near $0.075 on Monday after five consecutive weeks of declines.
• Wallets holding 10 million to 100 million DOGE have shed 120 million tokens since Thursday.
• The next major support sits near $0.068, while a recovery faces resistance from $0.079 to $0.090.

Dogecoin (DOGE) is struggling to find its footing on Monday, trading around $0.075 after five straight weeks of losses. 

The meme coin has attracted some dip-buying from smaller whales, but larger holders are heading in the opposite direction, leaving the market without a clear signal that the selloff is over.

The split in whale behavior comes as on-chain trading indicators remain weak and DOGE continues to trade below its major moving averages. With sellers still active, the $0.068 support level could soon come into focus.

Large Dogecoin whales sell while smaller holders buy the dip

Santiment’s Supply Distribution data shows that wallets holding between 10 million and 100 million DOGE have reduced their combined holdings by roughly 120 million tokens since Thursday. The selling suggests some of the largest holders are taking risk off the table as the price continues to slide.

Not everyone is selling. Over the same period, wallets holding 100,000 to 1 million DOGE and those holding 1 million to 10 million DOGE accumulated a combined 100 million tokens. These smaller whale cohorts appear willing to buy at lower prices, even as the broader trend remains negative.

The purchases have not fully offset the distribution by larger holders. If that selling continues, DOGE may struggle to build enough momentum for a sustained rebound.

CryptoQuant’s market summary paints a similarly cautious picture. Both spot and futures markets show large whale orders, elevated trading activity described as heating conditions, and sell-side dominance.

Taken together, those signals suggest traders are still more inclined to sell than to chase a recovery. They do not guarantee another decline, but they help explain why Dogecoin has struggled to attract sustained buying interest.

Dogecoin stays below key moving averages

DOGE trades around $0.075 on Monday, below its 50-day Exponential Moving Average (EMA) at $0.082, 100-day EMA at $0.083, and 200-day EMA at $0.090. 

Those levels form a series of overhead barriers that buyers would need to reclaim before the technical outlook improves.

A descending resistance trendline near $0.079 presents the first test. The Relative Strength Index (RSI) remains in the mid-30s, reflecting weak momentum without yet showing a decisive reversal. 

Meanwhile, the Moving Average Convergence Divergence (MACD) is hovering around zero with little directional strength.

A move above the descending trendline at $0.079 would be an early sign that buyers are regaining ground. DOGE would then face the 50-day EMA at $0.082 and the 100-day EMA at $0.083, where sellers could return.

Further resistance stands at $0.088 and the 200-day EMA at $0.090. Only a stronger recovery through those levels would bring the more distant $0.1027 barrier into view.

On the downside, $0.068 is the next major support to watch. A daily close below that level would weaken the chart further and leave DOGE exposed to additional losses, although the supplied analysis does not identify a precise lower target.

For now, the divergence between whale groups offers little comfort to bulls. Smaller holders are buying the dip, but larger wallets continue to distribute tokens, and the technical trend remains bearish. Whether DOGE can defend $0.068 may determine its next meaningful move.

The post Dogecoin could dip lower as large whales sell 120m DOGE appeared first on CoinJournal.

Key takeaways

• Cardano (ADA) consolidates below $0.20 on Monday after losing 21% in October, with support holding around $0.1894.
• Large investors holding between 10 million and 100 million ADA have reduced their share of circulating supply from 38.03% to 37.45%.
• Technical indicators remain bearish, with a break below $0.1894 potentially exposing ADA to further declines toward $0.1712 and $0.1537.

Cardano (ADA) is struggling to regain momentum on Monday, trading below $0.20 after a difficult October that wiped 21% off its value. 

The cryptocurrency has managed to hold above the $0.1894 support level, but declining whale holdings and weakening derivatives activity suggest that buyers are still reluctant to return.

ADA has been relatively stable since Thursday’s nearly 8% selloff, although there is little evidence of a meaningful recovery taking shape.

On-chain data from Santiment shows that large Cardano investors have reduced their holdings over the past month, while CoinGlass figures point to a noticeable decline in futures Open Interest.

Interestingly, Cardano is attracting more attention on social media despite the subdued market activity. Whether that attention translates into renewed buying demand remains uncertain.

Cardano whale holdings decline despite rising social interest

Cardano has seen a sharp increase in online attention following reports that neither ADA nor Midnight-related tokens were stolen during the recent Binance hack.

According to Santiment, Cardano’s social dominance reached 2.49% on Monday, its highest reading since late June.

Social dominance measures how frequently an asset is mentioned in cryptocurrency discussions relative to other digital assets. A rising reading generally indicates that more traders and investors are talking about the cryptocurrency.

However, the increased attention has not translated into stronger buying activity among Cardano’s largest holders.

Santiment data shows that wallets holding between 10 million and 100 million ADA now control approximately 37.45% of the circulating supply, down from 38.03% last month.

The decline suggests that some large investors have been reducing their exposure rather than accumulating more tokens during the recent price weakness.

Whale activity is closely watched because large holders can influence market liquidity and price movements, particularly when broader demand is already weak.

Cardano’s supply in profit has also fallen sharply, dropping from 28.36% to 14.77%. This means a significantly smaller portion of the circulating supply is currently held at a profit, reflecting the impact of ADA’s recent decline. The metric alone, however, does not establish how much of the movement was caused by profit-taking.

If large holders continue trimming their positions, Cardano could struggle to recover from October’s losses.

The weakness in Cardano’s spot market is also evident in its derivatives activity. Data from CoinGlass shows that ADA futures Open Interest has declined to approximately $419 million, compared with $450 million last week.

That represents a drop of roughly 11%, indicating that traders have been closing positions faster than new contracts are being opened.

Open Interest measures the total number of outstanding futures contracts that have not been settled or closed.

A decline in Open Interest often points to reduced market participation or a broader unwinding of leveraged positions.

In Cardano’s case, the contraction comes alongside falling prices and declining whale holdings, suggesting that traders remain cautious about taking fresh positions.

The combination of weakening derivatives activity and reduced accumulation by large holders leaves ADA without an obvious source of buying momentum.

A sustained recovery in Open Interest, accompanied by stronger prices, could provide an early indication that traders are becoming more willing to take risks.

Cardano price prediction: ADA faces bearish pressure below $0.20

Cardano continues to trade below the psychological $0.20 level on Monday, with its daily chart showing that sellers remain in control.

ADA is trading beneath its 50-day Exponential Moving Average (EMA) at $0.2179 and its 200-day EMA at $0.2408.

Both moving averages are acting as overhead resistance, making it difficult for buyers to establish a sustained recovery.

The cryptocurrency has also slipped below a previously rising support trendline near $0.2019.

That breakdown is significant because a former support level can become resistance once the price falls beneath it.

Unless ADA manages to reclaim the trendline, further recovery attempts could attract renewed selling pressure.

Momentum indicators offer little encouragement for buyers. The daily Relative Strength Index (RSI) is hovering around 31, approaching the oversold threshold of 30.

Although an RSI near oversold territory can sometimes precede a short-term rebound, it also reflects the strength of the recent selling pressure.

Meanwhile, the Moving Average Convergence Divergence (MACD) remains below zero, reinforcing the bearish momentum visible on the daily chart.

Taken together, the indicators suggest that ADA has yet to establish a convincing bullish reversal.

The immediate focus for Cardano traders is the $0.1894 support level, which corresponds to the August 30 low.

ADA has managed to defend this area despite its recent losses, but another wave of selling could put the level under pressure.

A decisive daily close below $0.1894 would weaken the short-term technical outlook and potentially open the door for a decline toward $0.1712, the August 18 low.

If sellers maintain control, the next significant support lies around $0.1537, a level previously tested on July 27.

A move toward that area would represent a substantial extension of Cardano’s October downturn.

On the upside, buyers must first push ADA back above the broken trendline around $0.2019 to improve the near-term outlook.

A sustained move above that level could allow the cryptocurrency to challenge its 50-day EMA at $0.2179.

Beyond that, the 200-day EMA at $0.2408 remains a more significant obstacle to a broader recovery.

Until ADA reclaims these resistance levels, the technical outlook is likely to remain tilted toward the downside.

The post Cardano risks further losses as whale holdings decline appeared first on CoinJournal.

Key takeaways

• Bitcoin, Ethereum and XRP are heading toward a fourth consecutive week of declines.
• BTC is down more than 2.5% this week, while ETH and XRP have lost over 4% and 5%, respectively.
• Bitcoin trades around $77,900, just above its 100-day EMA at $77,814.

Major cryptocurrencies extend October declines

Bitcoin, Ethereum, and XRP remained under pressure on Friday, putting all three on course for a fourth consecutive weekly loss since early October.

Bitcoin has declined more than 2.5% so far this week. Ethereum and XRP have fallen over 4% and 5%, respectively, highlighting continued weakness across major digital assets.

ETH slipped below $2,215, while XRP traded under $1.230. Bitcoin hovered around $77,477, leaving buyers facing an important test of longer-term support.

Bitcoin falls below its 100-Day Moving Average

Bitcoin’s near-term technical outlook weakened after it briefly slipped below the 100-day Exponential Moving Average at approximately $77,814.

That level now represents the first resistance buyers need to reclaim. Above it, the 50-day EMA near $80,585 presents another obstacle, followed by the horizontal barrier at $85,000.

A recovery above $77,814 would ease immediate selling pressure and improve the prospect of consolidation within the recent range. However, a more sustained rebound would require Bitcoin to overcome the higher resistance levels.

For now, its position below the shorter moving averages keeps recovery attempts vulnerable.

Bitcoin remains just above its 200-day EMA at $76,423, which provides the next significant technical support.

Holding that average would preserve an important element of the broader upward structure despite the ongoing correction.

A sustained break below it would weaken that structure and increase the risk of a deeper pullback.

The reaction around $76,423 could therefore help determine whether Bitcoin stabilizes or extends its October decline.

Bitcoin’s Relative Strength Index stands at 34, approaching the conventional oversold threshold of 30.

The reading indicates persistent selling pressure. Although stretched momentum can precede a corrective bounce, proximity to oversold territory does not establish that a reversal is underway.

The Moving Average Convergence Divergence indicator also remains negative, reinforcing the cautious near-term outlook.

With momentum still weak, buyers need to defend the 200-day EMA and reclaim the 100-day average to show that immediate downside pressure is easing.

The post Bitcoin tests key support as BTC faces fourth weekly loss appeared first on CoinJournal.

Key takeaways

• XRP has dropped below $1.30 on Thursday as the bearish trend persists. 
• Long-to-short ratios stand at 0.82, indicating bearish positioning in the tracked data.
• XRP must reclaim resistance between $1.333 and $1.372 to improve its near-term technical outlook.

XRP struggles after Fed’s cautious hold

XRP remains under pressure on Thursday as bearish derivatives positioning and persistent selling activity limited its recovery prospects.

XRP traded around $1.29, dropping below the closely watched $1.300 support level.  The weakness followed the Federal Reserve’s decision to hold interest rates at 3.75%–4.00%. 

Although rates were unchanged, continued inflation concerns and a hawkish undertone weighed on appetite for risk assets.

CoinGlass data shows XRP’s long-to-short ratio at 0.82, approaching its lowest reading in more than a month.

Ratios below one indicate that shorts outweigh longs within the measured dataset, reinforcing the cautious positioning around both tokens.

Funding rates, however, present a different picture for each asset. XRP’s funding rate stood at 0.0036%, remaining positive after turning higher on October 16. 

That means longs were paying shorts, suggesting continued demand for leveraged bullish exposure despite the weaker long-to-short ratio.

The divergence leaves XRP’s derivatives signals mixed, but the bears remain in firm control at the moment. 

CryptoQuant’s summary indicators show sell-side dominance in both spot and futures markets for XRP. 

For XRP, the platform also flags large whale orders and heating market conditions. Large orders alone do not establish whether major holders are buying or selling, but the accompanying selling imbalance reinforces the subdued outlook.

XLM’s spot and futures markets likewise show sellers retaining the advantage, suggesting its recent rebound has yet to attract enough demand to sustain a stronger advance.

XRP could record further losses as it drops below the $1.300 support

The XRP/USD daily chart remains bearish as the token has dropped below the horizontal floor near $1.300.

A daily candle close below that level would weaken the recent trading range and increase the risk of a deeper correction. 

The daily Relative Strength Index stands at 40, below the neutral 50 level, indicating that buying momentum remains limited.

The Moving Average Convergence Divergence indicator has improved slightly into positive territory. That offers an early sign of easing bearish momentum, although the price remains below its key moving averages.

XRP’s first upside obstacle is the 100-day Exponential Moving Average near $1.333. Above it, the 50-day EMA at $1.357 and the 200-day EMA at $1.372 form additional resistance. 

Reclaiming that cluster would provide stronger evidence that buyers are regaining control. Further barriers sit at $1.540 and $1.900, although both remain distant from the current price.

For now, XRP’s position just above support leaves little room for renewed selling. Holding $1.300 and overcoming nearby moving averages remain the key tests for a more durable recovery.

The post XRP dips below the $1.30 support amid bearish positioning appeared first on CoinJournal.