Schlagwort: crypto market

Key takeaways

• XRP slipped below $1.50 as renewed Middle East tensions weakened broader crypto sentiment.
• XRP investment products saw nearly $40 million in inflows last week, while futures open interest climbed to $2.87 billion.

XRP tests key $1.45 support despite strong ETF and futures inflows

Ripple’s XRP retreated from highs near $1.50 and hovered around $1.46 on Monday as renewed geopolitical tensions in the Middle East pressured broader crypto markets and cooled recent bullish momentum.

The pullback followed comments from US President Donald Trump, who reportedly rejected Iran’s latest proposal aimed at ending the ongoing conflict in the region, calling the offer “totally unacceptable.” 

The proposal included conditions tied to Iran’s sovereignty over the Strait of Hormuz alongside demands for compensation related to war damages.

Iranian Foreign Ministry spokesperson Esmail Baghaei defended the proposal, describing it as “reasonable” and “generous” for both Iran’s national interests and regional stability.

The renewed uncertainty rattled risk assets, including cryptocurrencies, which had recently rallied on hopes of a lasting ceasefire agreement between the US and Iran. XRP is up by less than 1% today as traders reassessed the broader macro outlook.

Despite the market weakness, capital inflows into XRP investment products remained resilient last week.

According to CoinShares, XRP-related digital investment products attracted nearly $40 million in inflows, with total assets under management averaging $2.5 billion, ranking fourth among crypto investment products.

Spot XRP exchange-traded funds (ETFs) accounted for approximately $34 million of those inflows, while cumulative ETF inflows climbed to $1.32 billion. Net ETF assets under management currently stand at around $1.12 billion, according to CoinGlass data.

Meanwhile, derivatives activity suggests retail traders continue positioning for further upside. XRP futures Open Interest (OI) surged to $2.95 billion from $2.65 billion a day earlier, indicating growing participation and investor conviction despite the recent pullback.

XRP technical outlook: bulls defend key EMA support zone

The XRP/USD 4-hour chart remains bullish as Ripple continues to trade above key levels. XRP is currently trading above the 50, 100, and 200 Exponential Moving Averages (EMAs) on the 4-hour chart clustered between $1.40 and $1.42, reinforcing a constructive short-term bias.

However, the $1.50 area remains a major resistance barrier after acting as a double-top ceiling during the recent rally.

Momentum indicators suggest bullish momentum is cooling rather than reversing entirely. The Relative Strength Index (RSI) remains in the high-50s, while the Money Flow Index (MFI) has eased from overbought territory, signaling a pause in buying pressure.

If the selloff persists, XRP could encounter a support level near the 50 EMA around $1.42, followed by stronger support around the 100 EMA at $1.41 and the 200 EMA near $1.40.

However, if the bulls regain control and XRP’s daily candle closes above the $1.50 resistance zone, it could pave the way for a more extended bullish move in the sessions ahead.

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Key takeaways

• SEI is up 10%, outperforming the broader cryptocurrency market.
• The coin could extend its rally towards the $0.092 daily swing high in the near term.

The cryptocurrency market opened the new weekly candle mixed as some coins rallied while others underperformed.

SEI, the native coin of the Sei blockchain, is one of the best performers among the top 100 cryptocurrencies by market cap.

The coin is up by 10% in the last 24 hours and could extend its rally in the near term. Technical indicators suggest that SEI could surge past a key resistance level as the broader market remains strong. 

SEI rallies as Sei Labs completes EVM Transition

The primary catalyst behind SEI’s latest rally is the completion of its unified EVM architecture. 

The team announced over the weekend that it has completed its transition to a unified, EVM-only architecture. 

This means that exchanges and custodians supporting the SEI token need to migrate customer holdings before support for Cosmos and IBC-related functionality is deprecated.

The team’s core message: Sei EVM is not a separate chain. “It’s the same chain with a second way to interact with it,” Sei Labs said in the announcement. Any venue that treats “Sei” and “Sei EVM” as two distinct integrations needs to consolidate them into one.

The push closes out SIP-3, the May 2025 governance vote that approved Sei’s pivot to a fully EVM-only architecture. 

The transition has rolled out in stages through 2026, with EVM staking added in January, inbound IBC transfers disabled in February, and the native oracle replaced by Chainlink, Pyth, and API3 in March.

SEI bulls target the $0.080 resistance level

The SEI/USD 4H chart is bearish and inefficient thanks to Sei’s latest rally. The momentum indicators suggest that the bulls remain in control of the market.

The RSI of 70 means that SEI is approaching the overbought region, which could signal incoming selling pressure. The MACD lines are also within the positive territory, adding further confluence to the bullish narrative.

If the bullish trend persists, SEI could rally past the $0.0800 level in the near term. The swing high on the daily chart at $0.09248 could be SEI’s target in the coming days and weeks.

However, if the sellers regain control, SEI could drop to the support level at $0.07021. Losing this level could see the bears push the price lower towards the $0.06490 pyschological level. 

The post SEI surges 10%, outperforms the broader market: Check forecast appeared first on CoinJournal.

Key takeaways

• Solana surged nearly 15% last week as spot SOL ETFs attracted $39.23 million in inflows — the strongest since January. 
• Solana surged nearly 15% last week as spot SOL ETFs attracted $39.23 million in inflows — the strongest since January. 

Solana (SOL) is trading just above $95 on Monday after rallying nearly 15% over the past week, with bullish momentum supported by strong institutional demand, improving on-chain activity, and rising derivatives participation.

Institutional demand pushes SOL above $90

Institutional appetite for Solana strengthened sharply last week, with spot Solana Exchange Traded Funds (ETFs) recording net inflows of $39.23 million, according to CoinGlass data. 

The figure marked the strongest weekly inflow since mid-January, signaling renewed investor confidence in the asset. Continued inflows could provide additional upside support for SOL in the near term.

On-chain and derivatives metrics also point to a constructive outlook. CryptoQuant data indicates cooling conditions across both spot and futures markets while showing buy-side dominance in futures activity — a combination that often precedes further upside. 

Although several metrics remain neutral, overall sentiment has improved considerably compared to previous weeks.

In the derivatives market, Solana’s funding rates turned positive on Sunday before climbing to 0.0067% on Monday, showing that long traders are now paying shorts to maintain positions. 

Historically, similar flips from negative to positive funding rates have coincided with strong upward price moves for SOL.

Open Interest (OI) in Solana futures has also surged. CoinGlass data shows total OI rising to $6.46 billion on Monday from $4.83 billion on May 5. 

The steady increase since early May suggests fresh capital continues to enter the market, reinforcing bullish momentum and signaling growing trader participation.

Solana technical forecast: Bulls target the $100 psychological level

The SOL/USD 4-hour chart is bullish thanks to Solana’s recent rally. SOL is now trading above both the 100-day Exponential Moving Average (EMA) at $93.87 and the 50-day EMA at $87.51, strengthening the bullish case.

Momentum indicators also remain supportive. The Relative Strength Index (RSI) sits at 69, reflecting strong but not yet overextended momentum.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator remains firmly positive and continues to rise.

If the rally persists, immediate resistance is seen near the 38.2% Fibonacci retracement level at $98.53. 

A daily candle close above this resistance could open the door toward the $108.12–$110.62 range, where the 50% retracement level and the 200-day EMA converge. 

Additional resistance levels stand near $117.71 and $120.00, while an extended rally could target the 78.6% retracement level around $131.35.

However, if the market undergoes a correction, immediate support sits near the former channel resistance around $92.11, followed by the 100-day EMA at $93.87 and the 50-day EMA at $87.52. 

Losing these levels could expose the support near $86.67, while deeper pullbacks could revisit the channel floor around $77.12 and the broader cycle low area near $67.50.

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Key takeaways

• HYPE is trading above $44 on Wednesday after over 4% gains the previous day.
• On-chain data shows an increase in user activity on Hyperliquid as TVL and stablecoin market capitalization rise.

Hyperliquid (HYPE) traded above $44.00 on Wednesday, extending its rally for a sixth consecutive session as rising derivatives activity and growing platform usage strengthened bullish sentiment around the exchange token.

The latest rally comes as investor confidence gradually returns to the broader crypto market, boosting both leverage exposure and user participation across the Hyperliquid ecosystem.

Hyperliquid sees rising retail demand and platform activity

CoinGlass data show HYPE futures Open Interest (OI) climbed to $1.75 billion on Wednesday from $1.62 billion the previous day, signaling an increase in leveraged positions and fresh capital entering the market.

The sharp rise in Open Interest suggests traders are increasingly positioning for additional upside as bullish momentum accelerates.

At the same time, DeFiLlama data indicate Total Value Locked (TVL) on Hyperliquid increased more than 2% over the last 24 hours to reach $1.556 billion, reflecting stronger inflows into the protocol.

Growing TVL is typically associated with rising user engagement and improving platform fundamentals, as more capital flows into decentralized finance applications built on the ecosystem.

Hyperliquid also continues to rank among the strongest-performing DeFi protocols by revenue generation.

Excluding stablecoin protocols, Hyperliquid currently leads the sector in seven-day revenue with $11.58 million, underscoring sustained trading activity and demand for the platform.

Technical outlook: HYPE targets a breakout above $50

Technically, Hyperliquid maintains a strong bullish structure as price action continues to trade comfortably above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), all of which continue to slope upward and reinforce the broader uptrend.

Momentum indicators also support the bullish outlook. The Moving Average Convergence Divergence (MACD) remains firmly in positive territory on the 4-hour chart, signaling sustained upward momentum, while the Relative Strength Index (RSI) hovers near 74, reflecting an overbought condition.

On the upside, the next key resistance level is the R1 Pivot Point near $45.52. A decisive breakout above this barrier would bring the broader descending trendline resistance near the psychological $50.00 level into focus.

A sustained close above the $50 region could trigger a stronger bullish continuation phase and potentially open the door for a broader medium-term rally.

On the downside, immediate support sits near the rising trendline around $40.00, followed by the 50-day EMA near $39.76.

Additional downside protection is seen at the 100-day EMA around $37.45 and the 200-day EMA near $36.45 if broader market conditions weaken and trigger a deeper correction.

The post HYPE eyes breakout toward $50 as Open Interest and TVL surge appeared first on CoinJournal.

Key takeaways

• Bitcoin Cash price extends gains on Wednesday, up over 3% since Tuesday.
• Derivatives data support a bullish bias, with increasing open interest and long positions accumulating.

Bitcoin Cash (BCH) continued its strong recovery on Wednesday, climbing above $489 and extending weekly gains beyond 8% as bullish positioning across the derivatives market reinforced the ongoing rally.

The broader crypto market backdrop remains supportive, with Bitcoin (BTC) holding near the $82,000 level, while technical indicators suggest BCH could be preparing for a breakout above the psychological $500 barrier.

Bullish derivatives activity strengthens BCH outlook

According to CoinGlass data, Bitcoin Cash futures Open Interest (OI) jumped to $683.83 million on Wednesday from roughly $642 million recorded on Sunday.

The increase in Open Interest signals fresh capital entering the market, typically reflecting growing trader participation and stronger buying activity that could further support BCH’s upward momentum.

Additional derivatives data also point to strengthening bullish sentiment. CoinGlass shows BCH’s long-to-short ratio rising to 1.25 on Wednesday, marking its highest level in more than a month. A ratio above one indicates that a larger share of traders are positioning for additional upside.

Meanwhile, CryptoQuant data presents a largely constructive outlook for Bitcoin Cash despite some mixed signals. The platform’s summary metrics highlight increased whale activity across spot and futures markets alongside cooling market conditions, both of which historically support upside continuation.

However, persistent sell-side dominance in the spot market could limit the pace of the rally and create short-term volatility near key resistance levels.

Technical outlook: BCH bulls target rally above $500

Bitcoin Cash trades near $489.60 after breaking above several important technical levels. The token now holds comfortably above the 50-day Exponential Moving Average (EMA) at $457.91 and the 100-day EMA at $478.47, reinforcing the bullish structure following the breakout above a former descending trendline near $449.56.

Momentum indicators continue to favor buyers. The Relative Strength Index (RSI) on the 4-hour chart has climbed toward 70, approaching overbought territory but still signaling strong bullish momentum.

At the same time, the Moving Average Convergence Divergence (MACD) remains firmly in positive territory and continues to expand, suggesting buying pressure remains dominant.

On the upside, immediate resistance is located near the 200-day EMA at $497.05. A decisive daily close above that level could open the door for a push toward the 38.2% Fibonacci retracement level at $515.06.

Beyond that, bulls may target the 50% retracement near $544.56, followed by the 61.8% Fibonacci level around $574.07 if momentum accelerates.

On the downside, immediate support sits near the confluence zone between $478.47 and $478.55, where the 100-day EMA aligns with the 23.6% Fibonacci retracement level.

Additional support is found at the 50-day EMA near $457.91, while the former breakout trendline around $449.56 could attract renewed dip-buying interest during deeper pullbacks.

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