Schlagwort: crypto market

Key takeaways

• BTC traded around $81,593, above its 50-day EMA at $80,878.
• Bitcoin’s RSI near 47 and slightly negative MACD suggest recovery momentum remains weak.
• BTC faces resistance at $85,000, with deeper support at $77,528 and $76,186.

Crypto prices stabilize after support tests

Bitcoin, Ethereum and XRP edged higher on Friday after the previous session’s correction brought all three assets toward important technical support levels.

Bitcoin held just near its 50-day Exponential Moving Average, Ethereum found support around its 100-day EMA, and XRP maintained its horizontal floor near $1.300.

The modest rebound suggests buyers remain active around these levels. However, the recovery remains dependent on support holding, with decisive daily closes below those areas potentially opening the door to a deeper correction.

Bitcoin holds its 50-Day EMA

Bitcoin traded just below $81,856 on Friday, remaining above its 50-day EMA at $80,878.

Holding that average preserves a constructive technical backdrop despite the recent consolidation. The 100-day EMA at $77,528 and the 200-day EMA at $76,186 also remain below the current price, providing additional support for the broader trend.

Momentum indicators offer less convincing evidence of an immediate rally. The Relative Strength Index sits near 46, slightly below the neutral 50 threshold, suggesting buyers have yet to establish clear control. Meanwhile, the Moving Average Convergence Divergence remains marginally negative.

Together, those readings indicate stabilization rather than a confirmed bullish reversal. The first major upside barrier is the horizontal resistance near $85,000, where previous selling could limit recovery attempts.

A sustained move toward that level would test whether buyers can build on Friday’s rebound. Stronger momentum would be needed to turn the current support defense into a more durable advance.

Until then, Bitcoin remains vulnerable to further consolidation as buying interest below price competes with overhead supply.

On the downside, the 50-day EMA at $80,878 remains the immediate level to watch. A decisive daily close below it would weaken the recovery setup and bring the 100-day EMA at $77,528 into focus. Further selling could expose the 200-day EMA at $76,186.

The post Bitcoin holds near $81,800 as BTC defends key support appeared first on CoinJournal.

Key takeaways

• Cardano trades below $0.22 after failing to sustain a move above its 50-day EMA.
• ADA’s long-to-short ratio stands at 0.79, approaching its lowest reading in more than a month.
• Negative funding rates indicate increased demand for bearish derivatives exposure.

Cardano recovery stalls below key moving average

Cardano remained under pressure on Thursday, trading below $0.220 after buyers failed to sustain the previous day’s recovery above the 50-day Exponential Moving Average.

The rejection leaves ADA below its 50-day and 200-day EMAs, maintaining a bearish near-term outlook. Price is now hovering just above the 100-day EMA around $0.220, placing immediate support within reach.

Weak derivatives positioning and subdued momentum suggest buyers have yet to establish enough strength to reverse the corrective trend.

CoinGlass data showed Cardano’s long-to-short ratio at 0.96 on Thursday, nearing its lowest level in more than a month.

The reading indicates a greater share of short positioning among the accounts measured, reflecting caution about ADA’s recovery prospects.

Funding rates reinforced that picture. Cardano’s rate turned negative on Wednesday and stood at -0.0025% on Thursday, meaning short-position holders were paying longs.

Together, the readings point to a bearish tilt in derivatives positioning. They do not guarantee further losses, but they provide little confirmation of renewed bullish conviction.

CryptoQuant’s summary data also indicated selling pressure across Cardano markets. The platform identified large whale orders and heating conditions in futures trading, alongside sell-side dominance in both spot and futures markets.

Large orders alone do not establish direction. However, their presence alongside stronger selling activity adds to the cautious backdrop as ADA struggles beneath overhead resistance.

A stronger recovery would require buyers to absorb that supply and sustain price gains beyond nearby technical barriers.

ADA drops below $0.220 as momentum remains weak

Cardano’s daily momentum indicators continue to favor caution. The Relative Strength Index remains in the low-40s, below the neutral 50 threshold.

Meanwhile, the Moving Average Convergence Divergence remains negative, suggesting that bearish pressure may be easing without a confirmed reversal.

The first support to watch is the 100-day EMA near $0.220. A sustained break below that level would bring the $0.210 area into focus.

If selling extends through $0.210, the chart points to a deeper support region around $0.170. That remains a downside scenario dependent on a breakdown of the nearer support levels.

On the upside, the 50-day EMA around 0.228–0.230 forms the first recovery barrier. A sustained move above that zone would ease immediate pressure and shift attention toward horizontal resistance near $0.236, followed by the 200-day EMA around $0.240.

Further resistance lies near $0.250, with $0.300 a more distant level should a broader recovery develop.

For now, ADA’s ability to hold $0.220 remains central to its short-term outlook as bearish derivatives positioning and weak momentum limit recovery attempts.

The post Cardano risks further losses as ADA drops below the $0.220 support appeared first on CoinJournal.

Key takeaways

• Bitcoin traded around $82,800 on Wednesday, maintaining gains from the previous session.
• BTC remains above its 50-day and 200-day EMAs, supporting a constructive technical backdrop.
• Support lies at $80,769, with deeper levels at $77,862 and $76,090.

Bitcoin stabilizes after bullish daily close

Bitcoin held near $82,800 on Wednesday after a modest recovery the previous day, as easing selling pressure supported hopes of further gains.

Ethereum and XRP also remained steady following bullish daily closes, according to the report. However, the supplied technical analysis focuses on Bitcoin.

BTC continues to trade above its 50-day Exponential Moving Average at $80,769 and its 200-day EMA at $76,090. Holding those levels preserves a constructive backdrop, although buyers still need stronger momentum to sustain an extended rally.

Bitcoin’s daily Moving Average Convergence Divergence indicator is approaching a crossover above its signal line.

A completed bullish crossover would strengthen the case that downward momentum is fading. For now, the signal remains unconfirmed.

The Relative Strength Index stands near 51, slightly above its neutral midpoint. That reading suggests a modest improvement in momentum without indicating particularly strong buying pressure or overbought conditions.

Together, the indicators point to stabilization rather than a decisive breakout. Continued price gains would provide stronger confirmation that buyers are gaining control.

Bitcoin faces upside resistance at $89,337

The BTC/USD daily chart shows the 78.6% Fibonacci retracement near $89,337 as an important resistance level if Bitcoin’s recovery extends.

The retracement is drawn between a lower anchor at $57,800 and the upper reference at $97,924.

A sustained move through $89,337 would bring the $97,924 area into focus as the next major target in that framework.

These levels represent conditional technical objectives. Bitcoin would still need follow-through buying to move meaningfully higher from its current position near $83,000.

The first significant support level is the 50-day EMA near $80,769. Holding that average would help preserve the latest recovery structure. 

A sustained break beneath it would weaken the near-term bullish outlook and shift attention toward the 50% Fibonacci retracement at $77,862.

Below that, the 200-day EMA at $76,090 provides a deeper reference for the broader trend.

Bitcoin’s immediate outlook therefore rests on maintaining support while momentum improves. A confirmed MACD crossover, accompanied by sustained buying, would offer clearer evidence that the recovery can extend toward overhead resistance.

The post Bitcoin holds near $83k as easing bearish momentum puts $89,337 in focus appeared first on CoinJournal.

Key takeaways

• NEAR fell 7% on Tuesday to around $4.70, extending Monday’s decline.
• Bitwise’s NEAR ETF attracted $5.42 million on Monday after three consecutive weeks of inflows.
• Resistance near $5.02 must be reclaimed to strengthen the recovery outlook.

NEAR retreats despite continued ETF buying

NEAR Protocol declined by over 7% on Tuesday, following a similar loss the previous day, as weakening short-term momentum outweighed continued demand through its exchange-traded fund.

The token traded around $4.70 at the time of this report, remaining below a closely grouped resistance area near $5.02.

Bitwise’s NEAR-focused ETF, NRR, recorded $5.42 million in net inflows on Monday, according to SoSoValue data. The buying followed three consecutive weeks of inflows totaling more than $80 million.

The positive flows indicate sustained demand through the fund, although they have not prevented the latest price correction. ETF activity represents one investment channel and does not determine the direction of the broader market.

NEAR’s Q3 2026 report, released Monday, highlighted growth in its multichain transaction infrastructure.

Cumulative volume through NEAR Intents exceeded $32 billion, approximately 45% above the previous quarter’s reported cumulative figure.

The protocol also reported that more than $8 million in fees had been directed toward token buybacks.

Meanwhile, total value locked in its privacy-focused Confidential Intents reached approximately $160 million, an increase of roughly 463%.

These figures point to expanding use of NEAR’s infrastructure. However, network growth and token buybacks do not guarantee an immediate recovery in NEAR’s market price.

Resistance around $5.02 caps recovery attempts

On the four-hour chart, NEAR remains below its 50-period Exponential Moving Average at $5.0179 and a descending resistance trendline near $5.0261.

Together, those levels form the first significant obstacle for buyers seeking to restore short-term momentum.

A sustained breakout above $5.0261 would strengthen the recovery case and bring the September 28 high at $5.5780 into focus. Beyond that, the $6.00 round-number level represents the next upside reference.

Until NEAR clears this resistance cluster, rebounds remain vulnerable to selling. The Relative Strength Index stands near 50 on the daily chart, indicating subdued momentum below its neutral midpoint.

The Moving Average Convergence Divergence indicator has also crossed marginally beneath its signal line, suggesting that upward pressure is fading.

These readings support a cautious near-term outlook, although they do not establish that the broader upward trend has reversed.

NEAR continues to trade above its 200-period EMA around $4.5513, leaving an important technical support level intact.

If the correction extends, the 200-period EMA near $4.55 provides the first significant support reference.

Below it, horizontal support at $4.4440 marks an area that limited losses on October 8. Holding this zone would support the interpretation of the decline as a correction within the broader uptrend.

A sustained break beneath both levels would weaken that structure and increase the risk of a deeper decline toward $3.9140, the September 19 high.

For now, NEAR’s outlook hinges on whether buyers can defend support and regain the resistance cluster around $5.02, even as ETF inflows and network activity remain constructive.

The post NEAR slips below $5 despite $5.42m ETF inflow appeared first on CoinJournal.

Key takeaways

• ADA futures open interest fell to $475.58 million from $549.14 million, reflecting reduced derivatives exposure.
• Positive funding shows a modest bullish tilt among perpetual traders, leaving longs vulnerable if prices fall further.
• ADA remains below key moving averages, with $0.1894 emerging as a potential downside target.

Cardano Stabilizes After Sharp Weekly Decline

Cardano held above $0.2200 on Monday as buyers attempted to steady the price following a roughly 12% decline last week.

ADA has lost more than 10% so far in October, while weakening derivatives activity and subdued large-wallet positioning suggest limited conviction behind a recovery.

The daily chart also remains under pressure after last week’s break below trendline support near $0.2321. With the token trading beneath its key moving averages, sellers retain the near-term advantage.

CoinGlass data shows that Cardano futures open interest declined to $465.87 million on Monday from $549.14 million last week.

That represents a reduction of approximately 14.5% in the notional value of outstanding contracts.

The decline suggests reduced derivatives exposure, though it does not prove that retail traders alone are leaving the market. Falling ADA prices can reduce dollar-denominated open interest, while position closures and liquidations can also contribute.

The funding rate remained positive at 0.0032%, indicating that long positions were paying shorts in the tracked perpetual market.

That modest positive reading suggests some traders are still positioned for a rebound. However, funding alone does not demonstrate excessive leverage. 

A further price decline could nevertheless put vulnerable long positions under pressure and trigger additional forced selling.

Onchain figures suggest large holders have made only modest adjustments to their exposure.

According to Santiment data, wallets holding more than 100 million ADA accounted for 15.99% of circulating supply, slightly higher than 15.95% last week.

Meanwhile, the cohort holding between 10 million and 100 million ADA represented 38.11% of supply, down from 38.27%.

The opposing movements provide a mixed picture rather than a clear accumulation trend. They also do not, by themselves, establish whether tokens were sold, transferred between wallets or moved across holding categories.

Combined with lower futures exposure, the figures offer limited evidence of renewed buying conviction.

Cardano’s technical outlook remains bearish

ADA continues to trade beneath its 50-day Exponential Moving Average near $0.2290 and its 200-day EMA around $0.2395.

The loss of trendline support near $0.2321 adds to the weak structure, leaving several barriers above the current price.

Momentum indicators reinforce the bearish bias. The Moving Average Convergence Divergence indicator remains below zero with a negative histogram, while the Relative Strength Index hovers around 41.

The RSI reading suggests sellers retain the upper hand, although ADA has not reached the conventional oversold threshold of 30.

Without a recovery through nearby resistance, the latest stabilization remains a pause within the correction rather than confirmation of a trend reversal.

The psychological $0.20 level is an immediate downside reference if selling resumes. Below it, the August 30 low near $0.1894 represents the next structural support. 

A move toward that level would be about 14%–15% downside from the current price area.

On the upside, buyers first need to challenge the 50-day EMA at $0.2290. The former trendline support near $0.2321 then presents another obstacle, followed by the 200-day EMA at $0.2395.

A sustained recovery through those levels would help weaken the bearish setup. Until then, Cardano remains exposed to further losses as traders assess whether demand can strengthen around $0.2200.

 

The post Cardano holds above $0.22 as falling OI signals risk of further losses appeared first on CoinJournal.