Schlagwort: crypto market

• RSI has climbed to almost 85, flagging potential overbought conditions.
• Volume has risen sharply, driven by retail trader participation.
• Technical breakout from ascending triangle remains intact.

XRP has staged a powerful rally, climbing to $3.45 after months of subdued price action.

The Ripple-affiliated token, which had remained below $2.20 for a prolonged period, has now broken through key resistance levels with strong momentum.

The recent price action has captured market attention, as technical indicators, surging volume, and a bullish structure continue to support further upside—though overbought signals are beginning to emerge.

XRP rally led by price breakout above key resistance levels

The sharp move came after XRP broke out of a textbook ascending triangle pattern earlier this month, clearing major resistance points with little pushback.

The rally accelerated after the token crossed $3.20, continuing its upward trajectory to the current $3.45 level. This breakout confirms a significant shift in market structure.

Technically, XRP’s moving averages remain aligned in a bullish formation, with the 50, 100, and 200-day exponential moving averages stacked in favour of continued upside.

This alignment acts as a support base for the token and could cushion any short-term pullbacks, provided sentiment remains strong.

However, the pace of the recent rally raises the possibility of increased volatility.

RSI climbs to almost 85

While price action remains positive, the relative strength index (RSI) has reached almost 85, indicating overbought territory.

Traditionally, such levels suggest that an asset may be overheated, though this alone does not imply an immediate reversal.

Assets in bullish phases can remain overbought for extended periods, especially during momentum-driven runs.

XRP appears to be following that pattern, with price strength fuelled by increased interest and speculative activity.

Nevertheless, traders may remain cautious as indicators begin to flash early warnings of potential exhaustion.

Trading volume spikes as retail interest surges

XRP’s recent gains have been accompanied by a notable increase in trading volume, suggesting broad market participation.

The rally is not solely driven by large holders, as retail traders have stepped in with renewed enthusiasm.

This wider involvement adds weight to the price action and distinguishes it from earlier, less sustainable breakouts.

The current momentum appears supported by fear of missing out, but sustaining it will require continued inflows and market confidence.

XRP eyes $3.60 as next upside target

With the token now trading at $3.45, market participants are watching the $3.60 mark as the next key level.

This aligns with Fibonacci extension levels and round-number resistance.

If volume and sentiment remain strong, XRP could continue its upward push toward this zone.

The technical setup still appears constructive, with the breakout pattern intact and moving averages acting as support.

However, the rapid ascent means that XRP remains vulnerable to any sudden shifts in sentiment or broader market pullbacks.

A retracement could occur if traders begin booking profits at current levels.

The post XRP price hits $3.45 after breakout, technical signals show rally may extend appeared first on CoinJournal.

Key takeaways

• ADA is approaching $0.9 after rallying by over 10% in the last 24 hours.
• The coin could soon overtake Tron’s TRX to become the 9th-largest crypto by market cap.

ADA rallies higher as altcoins dominate

Bitcoin rallied to a new all-time high of $123k on Monday, but altcoins have taken over the show since then. Memecoins such as Dogecoin, Shiba Inu, Floki, Fartcoin, SPX, TRUMP, and Bonk led the way for most of the week, with most of them up double digits in percentages during that period.

The week is coming to an end with the leading altcoins making a strong statement. Ether, the second-largest cryptocurrency by market cap and the leading altcoin, added nearly 9% to its value in the last 24 hours to hit the $3,600 mark.

Cardano’s ADA is the best performer among the top 10 cryptocurrencies by market cap, adding nearly 14% to its value earlier today. The coin was approaching the $0.90 mark before retracing to now trade around $0.85 per coin. 

The positive performance comes after the landmark passing of the GENIUS ACT in the United States, indicating the beginning of regulatory clarity for cryptocurrencies in the country. ADA could rally to the $1 level soon as the bullish sentiment grows stronger in the market.

Furthermore, ADA Open Interest surpassed $1.4 billion on Thursday, reflecting the upbeat sentiment among derivative traders. ADA’s Open Interest is now approaching the $1.5 billion high set in January 2025. The technical outlook suggests a boost in bullish bias that could potentially drive ADA’s price to $1

ADA eyes $1 as bullish momentum grows stronger

The ADA/USD 4-hour chart is bullish and efficient, indicating that the buyers are firmly in control of the market. The coin has surpassed the 0% Fibonacci retracement level at $0.8233, drawn from the December 3 high of $1.3264 to the April 7 low of $0.5110. 

If the bullish momentum persists, ADA could rally towards the 61.8% Fibonacci level at $0.9214 in the coming hours or days. An extended rally would see ADA reclaim the $1 psychological level.

The RSI of 72 shows that ADA is in the bullish zone, while the MACD lines are also positive, suggesting a strong buying pressure. 

However, failure to build upon this momentum could see ADA retest the 50% FIB level at $0.8233. In the event of an extended bearish run, ADA could retest the weekend’s low of $0.6880.

The post Cardano looking to overtake Tron after rallying 10% today appeared first on CoinJournal.

• FLOKI surged 40% in 24 hours to $0.0001352, backed by a rare triple EMA bullish crossover and steady on-chain holding behavior.
• Technical indicators point to a potential move toward $0.000164, with Fibonacci levels confirming bullish momentum.
• Long-term holders aren’t selling into the rally, lowering supply pressure and reinforcing market confidence.

FLOKI has recorded a sharp 40% price increase in 24 hours, pushing its value to $0.0001352 at the time of writing. On-chain and technical indicators suggest this surge may not be short-lived.

With a rare triple EMA bullish crossover confirmed and the Age Consumed metric signalling continued holding behaviour, the memecoin appears poised to test the $0.000164 level—a 25% rise from its current price—if current momentum holds.

Key support and resistance zones derived from Fibonacci extensions are also in play, suggesting a decisive phase for FLOKI’s near-term trajectory.

Despite the price uptick, long-held FLOKI tokens are not being redistributed.

The last notable movement of dormant coins occurred in early July when the Age Consumed value surged to approximately 62 trillion, a sign often associated with redistribution.

In contrast, the current trend has seen that indicator stay muted, implying that larger holders are refraining from selling into the rally.

This absence of sell-side activity from long-term holders has lowered the supply pressure, creating room for upward price movement.

This trend also suggests that market confidence is rising. A spike in the Age Consumed metric would normally precede a potential correction, as older tokens re-enter circulation.

Rare triple EMA crossover confirms bullish trend

FLOKI’s current rally gained traction around 10 July, when a significant technical pattern began to form.

On that date, the 20-day exponential moving average (EMA) crossed above the 50-day EMA.

Two days later, the 20-day EMA rose above the 100-day EMA, and by 16 July, the 50-day EMA also overtook the 100-day EMA.

This alignment of moving averages forms a rare technical formation known as a Triple EMA Bullish Crossover.

Such a formation is typically interpreted as a strong bullish signal, particularly when all three key EMAs line up in ascending order.

It reflects consistent buying momentum across short, medium, and long timeframes.

This technical confirmation comes at a time when FLOKI has already seen sustained interest across social media platforms, driving increased retail attention.

If the crossover holds, it could support the continuation of the rally beyond near-term resistance levels.

Fibonacci levels suggest $0.000164 target

From a price action perspective, FLOKI has reclaimed multiple Fibonacci levels after bouncing back from a recent low of $0.000091.

Drawing the trend-based Fibonacci extension from the impulse low of $0.000059 to a local high of $0.000104, and then back to the retracement at $0.000091, the memecoin has moved through the 0.618 Fib level—often regarded as a critical support zone during upward moves.

The next key level is $0.000136, which has served as a resistance point.

FLOKI has already tested this zone, and a breakout above it could lead to the 1.618 Fibonacci extension target at $0.000164.

This would represent a 25% rise from the current price of $0.000132.

However, the bullish structure is not without risk. A drop below $0.000102, which corresponds to the 0.236 Fib level, could invalidate the current setup.

This level also coincides with the start of the present bullish impulse, and falling below it may signal a reversal or exhaustion in the trend.

FLOKI’s outlook hinges on support holding above $0.000102

While FLOKI has exhibited strong technical and on-chain signals, its continuation depends on key levels being maintained. The absence of activity among long-term holders is a positive sign, suggesting confidence rather than panic.

At the moment, a move toward the $0.000164 target remains technically supported. But if market momentum falters and price action dips below the $0.000102 threshold, it could spell the end of the rally.

Traders are now closely watching how the memecoin behaves around these inflection points to determine whether the bullish thesis holds.

The post FLOKI price rally gains 40% as rare EMA signal points to further 25% rise appeared first on CoinJournal.

Key takeaways

• FARTCOIN is up 19% in the last 24 hours and now trades above $1.4,
• The coin is targeting the $1.65 high as open Open Interest hits $1 billion.

FARTCOIN surges 19% as memecoins continue to lead market charge

The cryptocurrency market has continued its explosive start this week, with memecoins leading the charge. FLOKI is the best performer among the top 100 cryptocurrencies by market cap, while other memecoins like DOGE, SHIB, BONK, TRUMP, and FARTCOIN are also in the green.

Fartcoin is up 19% in the last 24 hours, making it one of the top performers among the leading 100 cryptocurrencies. The rally allowed FARTCOIN to hit the $1.45 mark. Its rally is fueled by the Open Interest (OI) hitting $1 billion. Open Interest (OI) refers to the total value of open perpetual derivative contracts, serving as a direct indicator of traders’ interest. 

Data obtained from CoinGlass revealed that the Fartcoin Open Interest reached a new all-time high of $1.05 billion, up from $802.60 million on Wednesday. The rising Open Interest suggests growing interest in the memecoin and could push its price to new highs.

FARTCOIN eyes $1.65, with January high of $2.61 also in target

The FARTCOIN/USD 4-hour chart is extremely bullish and efficient thanks to the meme coin’s ongoing rally. The technical indicators also suggest that FARTCOIN could rally higher in the near term.

The Relative Strength Index of 62 shows that FARTCOIN could be heading into the overbought region if the buying spree continues. The MACD lines are also in the positive zone, suggesting a bullish bias.

Fartcoin nears the 78.6% Fibonacci retracement level at $1.56, drawn from the $2.61 peak of January 19 to the low of $0.19 from March 10. If the daily candle closes above the $1.5 mark, FARTCOIN could surge past the $1.65 resistance level in the coming hours. However, it would need the help of the broader crypto market or growing institutional demand to rally towards the all-time high of $2.61. 

On the flipside, failure to build momentum around $1.5 could see FARTCOIN test the TLQ level at $1.18. The bulls would likely defend July’s low of $1.002 as it serves as a strong support for continuation.

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