Schlagwort: crypto market

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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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BNB hits a new ATH of $804. How high can it go? Check forecast

Key takeaways

  • Binance’s BNB coin surged by nearly 5% in the last 24 hours and has hit a new all-time high of $804.
  • The coin could hit $900 soon if bullish sentiment remains.

BNB hits $804, market cap surpasses Solana

BNB, the native coin of the Binance ecosystem, is up 4.5% in the last 24 hours. The coin added 15% to its value in seven days to hit a new all-time high of $804 a few hours ago.

The positive performance means that BNB’s market cap now stands at $111 billion, making it the fifth-largest cryptocurrency by market cap. It surpassed Solana’s SOL, which has a market cap of $108 billion.

Analysts now expect BNB to rally higher thanks to growing retail interest. Data obtained from CoinGlass shows that the futures Open Interest (OI) in BNB at exchanges rose to a new yearly high of $1.23 billion earlier today from $1.05 billion on Monday. 

This is the highest OI levels for BNB since December. Rising OI represents new or additional money entering the market and is likely to fuel prices higher.

In addition to that, BNB’s funding rate has flipped positive, reading 0.023% earlier today. Positive funding rate usually indicates a bullish bias, which could result in a rally for the cryptocurrency. 

BNB could rally to $900 soon

The BNB/USD 4-hour chart has turned bullish after the coin rallied to a new all-time high earlier today. The RSI of 73 shows that BNB is still not in the overbought region, suggesting further upward rally. The MACD lines are also within the positive region, indicating a bullish bias.

BNB/USD 4H Chart

If the rally continues, BNB could test the psychological level at $900, setting a new all-time high in the process. The coin could experience a pullback after hitting a new all-time high. If that happens, BNB could likely test the weekly support at $742 before resuming its rally.

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PENGU targets new all-time high amid NFT sales volume surge

Key takeaways

  • PENGU is up 20% in the last 24 hours, making it the best performer in the top 50.
  • The coin could rally past the all-time high price it set seven months ago.

High NFT sales volume pushes PENGU higher

PENGU, the native token of the Pudgy Penguin ecosystem, is the best performer among the top 50 cryptocurrencies. The coin added 20% to its value in the last 24 hours, nearly 45% in seven days.

The rally comes amid growing NFT sales volume. NFT collection saw $9.65 million in sales volume over past week, pushing floor price from $10 to $16.88. In addition to that, whales have been accumulating the token as they anticipate further upward price movement.

Whales have accumulated over 200 million PENGU tokens since the start of the month, with this activity supporting the price rally. Furthermore, PENGU’s trading volume has spiked 230% over the last three weeks. PENGU’s on-balance volume indicator shows continued buying pressure in the market.

PENGU could take out its all-time high price of $0.05738

The PENGU/USD 4-hour chart is extremely bullish as the memecoin added 40% to its value in the last seven days. The technical indicators are also bullish, suggesting that the buyers are fully in control.

The MACD lines are within the positive region, while the RSI is 81. Both indicators reveal that PENGU has a bullish bias at the moment. At press time, PENGU is trading at $0.04503. 

PENGU/USD 4H chart

If the rally persists, PENGU could break above the $0.047 resistance level over the next few hours. PENGU is only 22% away from its all-time high, and the bulls could push the price to a new ATH.

However, the memecoin could be subject to a correction after a long period of rally. If that happens, it will likely retest the first major support level at $0.036. The PENGU/USD 4-hour chart is still not efficient, and an extended bearish run would see the token tap the EPA level at $0.03372.

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XRP to hit $10 in 2025? Analysts weigh the possibility


  • XRP trades above $3.50 amid rising institutional interest and bullish sentiment.
  • Ripple’s SEC settlement boosts confidence and opens doors to regulated financial products.
  • Whale accumulation and strong technical signals point to a potential long-term breakout.

Momentum around XRP is picking up fast, and a growing number of analysts believe the token could be on track to hit $10 or possibly more within the next year or two.

The optimism is being fueled by a combination of factors: improving regulatory clarity, strong institutional interest, and bullish on-chain data showing that big players are steadily accumulating XRP.

XRP riding strong on bullish momentum

As of mid-2025, XRP is trading above $3.50, riding a wave of renewed investor confidence.

Whale activity and institutional wallet movements suggest a deeper belief in Ripple’s long-term vision, and that’s helping to lay the groundwork for more ambitious price targets.

This kind of buying pressure, especially from larger holders, often sets the stage for meaningful rallies.

One of the biggest game-changers has been Ripple’s legal settlement with the SEC.

With that cloud finally lifting, XRP has started to see more attention from traditional finance futures contracts, ETFs, and other regulated investment products are now being discussed seriously.

That added legitimacy could help XRP reach entirely new audiences.

What analysts say?

Price prediction platforms and crypto analysts have started to respond accordingly.

AI-driven forecasts from tools like ChatGPT and Grok estimate a possible trading range between $6 and $10, depending on how adoption and macro conditions evolve.

Some analysts are even more bullish: outlets like Cryptonews have projected XRP at nearly $6 by the end of 2026, while others say the $10 mark could come sooner if key resistance levels are broken and momentum holds.

The numbers support the story.

On-chain data shows a record number of large XRP wallets, and the token has recently outperformed both Bitcoin and many altcoins.

Technical indicators, such as major moving average crossovers, are also flashing bullish.

That said, not everyone’s convinced it’ll be smooth sailing.

XRP is known for its volatility, and some experts caution that its massive circulating supply could cause price stalls or sharp corrections even if the overall trend remains positive.

Changelly’s technical model, for instance, expects XRP to hover between $2.40 and $5 before any breakout above $6 is sustained.

Still, the sentiment is generally upbeat. Many analysts believe XRP has a legitimate shot at hitting $10 by 2026 or even earlier.

A few more aggressive forecasts float numbers as high as $15 or even $20 under ideal conditions like mass adoption, ETF approval, and a favorable economic backdrop.

In short, while XRP’s path won’t be without bumps, the pieces may finally be coming together for a breakout few thought possible just a couple of years ago.

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