Schlagwort: crypto market

Key takeaways

• Ether is trading above $3,600 after adding 6% to its value over the weekend.
• The coin could rally towards $3,900 as technical indicators flash bullish signals.

Strong derivatives markets signal a bullish trend

The cryptocurrency market is having a strong start to the week, and this has shown in the futures and options markets. The futures and options markets for Ethereum are very positive, with the total Open Interest (OI) in futures surging to about $40.11 billion across all exchanges, which is almost 11.5 million ETH in total exposure.

Data obtained from Coinglass revealed that Binance, the leading crypto exchange by daily trading volume, has the most open interest at $8.15 billion, while CME is close behind with $7.57 billion. 

The growing volume suggests that more institutions are increasing their exposure to the Ethereum market. 

In addition to that, the options market is also bullish, with Calls making up 65.05% of all open interest, while Puts account for 34.95%. There are almost 2.1 million ETH in call options and 1.13 million ETH in puts. This suggests that most traders are predicting a surge in Bitcoin’s price in the near term. 

Traders are predicting a new all-time high price for Ether in the near term, with many of them expecting the leading altcoin to trade between $4k and $6k by the end of the year. At press time, ETH is trading above $3,600 per coin. 

ETH eyes $3,900 as technical indicators shift bullish

The ETH/USD 4-hour chart is bearish and efficient as Ether has performed positively in recent days. The technical indicators have switched bullish on the 4-hour chart, suggesting a buying bias at the moment.

The RSI of 63 shows that buyers are currently in control, and Ether could soon enter the overbought region if the bullish bias continues. The MACD lines are also within the positive region, indicating a strong bullish bias.

If the recovery continues, ETH could rally towards the next major resistance level at $3,910 over the coming hours or days. An extended rally would allow Ether to hit the TLQ and major resistance level at $4,271.

However, if the market undergoes a correction, ETH could lose steam and drop to the Friday low of $3,197.

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• Official Trump coin jumps 11.8% after Trump’s Bitcoin superpower remarks.
• Whale activity and bullish charts fuel momentum above $8.00.
• Republic deal talks hint at expanding TRUMP’s real-world utility.

The Official Trump coin is soaring once again, powered by a mix of political momentum, whale activity, and bullish technical signals.

Donald Trump has declared his vision of making the United States the “Bitcoin superpower,” and traders and investors are turning their eyes toward the politically charged digital asset that bears his name.

Trump’s pro-crypto stance sparks a market rally

The Official Trump coin has risen sharply, climbing over 11.8% in the past 24 hours to trade near $7.88, outpacing the broader crypto market’s decline of around 1.3%.

The move followed US President Donald Trump’s statement that he wants to turn the United States into “the Bitcoin superpower, the crypto capital of the world.”

President Trump described Bitcoin and digital assets as tools that “take pressure off the dollar” and help strengthen US competitiveness against China.

Those remarks triggered an immediate reaction across politically linked cryptocurrencies, including the Official Trump (TRUMP) memecoin.

On major exchanges such as Binance and Bybit, daily trading volume for TRUMP exceeded $1 billion, placing it among the day’s top performers.

Analysts note that the memecoin’s price surge coincided with a technical pattern that had been forming for months.

According to prominent analyst Captain Faibik, TRUMP confirmed a breakout from a long-term falling wedge pattern — a setup often seen as a bullish reversal.

$TRUMP falling Wedge Breakout is Confirmed..✅ pic.twitter.com/Olm15xjEdL

— Captain Faibik 🐺 (@CryptoFaibik) November 6, 2025

The move above the upper trendline resistance has opened the door for potential upside targets between $18 and $20 if the momentum continues.

Whale activity and technical tailwinds boost the Official Trump coin price

Beyond politics, data from on-chain and derivatives platforms support a bullish narrative.

Whale wallets have shown renewed accumulation, with roughly $91 million in net inflows recorded over the past three days.

Open interest has doubled to $351 million, signalling heightened speculative activity.

Funding rates have also turned positive, indicating that long positions now dominate short bets.

From a technical analysis standpoint, the Official Trump price looks strong in the near term.

The meme coin recently bounced off its 50-day exponential moving average near $7.29 and broke above key resistance at $7.96 — the 61.8% Fibonacci retracement level.

The Relative Strength Index (RSI) sits around 57, pointing to growing bullish momentum without yet entering overbought territory.

The MACD indicator remains in a positive crossover, confirming that upward momentum is intact.

However, some analysts caution that volatility remains high.

With roughly 80% of the Official Trump coin supply reportedly held by entities linked to Trump’s inner circle, concerns about centralisation and potential profit-taking persist.

A correction toward the 50-day EMA cannot be ruled out if short-term traders decide to lock in gains.

Expansion plans and policy links drive speculation

Adding to the excitement are reports that Fight Fight Fight LLC, the issuer behind the Official Trump coin, is in talks to acquire Republic.com’s US operations.

Republic is a major crowdfunding platform with over $3 billion in assets, and the rumoured deal could expand TRUMP’s use cases beyond its meme coin origins.

If confirmed, the acquisition could integrate the token into startup fundraising and payment systems, offering it a real-world function that few political coins possess.

For now, speculation about this potential deal, coupled with Trump’s pro-Bitcoin comments and talk of a US “strategic Bitcoin reserve,” has given traders plenty to bet on.

Outlook for the Official Trump coin price

The coming weeks will test whether the Official Trump coin price can sustain its breakout and build on the momentum from Trump’s latest remarks.

Key resistance, according to analysts, remains near $8.07, while holding above $6.64 will be crucial for maintaining bullish sentiment.

If enthusiasm surrounding US crypto policy continues to grow — and the Republic acquisition moves forward — the token could once again approach its July high near $11.92.

The post Official Trump coin surges as Donald Trump declares the US a Bitcoin superpower appeared first on CoinJournal.

Key takeaways

• BTC is trading above $103k, up 1.5% in the last 24 hours.
• The coin could face further volatility amid weakening institutional demand.

Bitcoin reclaims $103k

The price of Bitcoin has been trading around $103k over the last few hours after rebounding from the $100k key support level on Wednesday. The short-term recovery is marred by the weakening institutional demand, as spot Bitcoin Exchange Traded Funds (ETFs) recorded $137 million in outflows on Wednesday, bringing their losing streak to six days.

Furthermore, on-chain data reveal that Bitcoin could face further selling pressure if the $100k psychological level fails to hold. In its report on Wednesday, CryptoQuant noted that Bitcoin’s price is currently hovering near critical support levels, a breakdown of which could trigger a sharper market correction.

The report added that if Bitcoin faces enough selling pressure in the near term, it could lose its $100k support level and dump towards the next major psychological level at $72k. 

Bitcoin could retest the $100k support level

The BTC/USD 4-hour chart remains bearish and efficient after Bitcoin faced rejection around its previously broken trendline earlier this week and declined 8.18% on Tuesday. The dip saw Bitcoin retest the 50% retracement level at $100,353 before reclaiming the $103k level on Wednesday.

At press time, Bitcoin is trading around the $103k region. The RSI of 38 means that Bitcoin is still facing selling pressure, with the MACD lines also within the bearish region. 

If the support level at $100,350 holds, Bitcoin’s price could rally towards the next resistance level at $106,435 over the coming hours and days. An extended bullish run would allow Bitcoin to reclaim its weekly high above $109k.

However, if the support level fails to hold, Bitcoin could extend its decline toward the next daily support at $97,460. Further downward movement would see BTC trading below $90k for the first time in six months.

The post Bitcoin steadies above $103k following recent dip; Check forecast appeared first on CoinJournal.

Key  takeaways

• Solana’s SOL is down 1% in the last 24 hours and is approaching $160 after dropping to $146 on Tuesday.
• The cryptocurrency could reclaim the $170 high if the recovery continues.

SOL recovers from the Tuesday dump

SOL, the native coin of the Solana ecosystem, is trading close to the $160 mark after recording massive losses on Tuesday. The coin dipped to the $146 mark on Tuesday, sweeping the low of August 4th before embarking on a recovery.

It has now added nearly 5% to its value over the last few hours and is now trading at $159 per coin. The positive performance comes as the broader cryptocurrency market recovers from the dump.

Bitcoin briefly dipped below $100k on Tuesday but has now recovered and is trading above $102k per coin. Ether is also trading above $3,300 after testing the $3k psychological level.

SOL could rally to $170 amid market recovery

The SOL/USD 4-hour chart is bearish and efficient as the cryptocurrency has underperformed in recent days. The technical indicators remain bearish but are showing signs of recovery. 

The 4-hour RSI of 32 means that SOL is currently in the oversold region. This could give it a breather and allow the coin to rally higher in the near term. The MACD lines are also within the bearish region, suggesting selling pressure.

If SOL continues its recovery, it could rally towards the first major resistance level at $170 over the next few hours. An extended bullish run would allow the cryptocurrency to target the swing high at $188.

However, if the bulls fail to defend SOL’s price above the $150 psychological level, the cryptocurrency could dip towards the June 27 low of $136. Currently, the trend is switching bullish, and buyers could regain control of the market. If the daily levels hold, SOL could rally higher over the coming hours and days.

The post Solana price forecast: SOL eyes $170 after sweeping the August 4 low appeared first on CoinJournal.

Key takeaways

• ETH is trading above $3,300 after dropping to the $3k support level on Monday.
• The leading altcoin could recover above $3,600 if the market trend improves.

Ether slips to $3k, recovers to $3,300

It has been a bearish start to the month for cryptocurrencies, with most of them losing 10% or more of their value over the last few days. Ether, the leading altcoin by market cap, is down 17% in the last seven days and temporarily dropped to the $3k psychological level on Tuesday.

However, it has now recovered and is currently trading above $3,300 per coin. The bearish performance comes amid declining institutional demand in the market. According to SoSoValue, spot Ethereum ETFs posted net outflows of $219.37 million on Tuesday. The biggest loser was BlackRock’s ETHA, posting $111 million in net outflows. Funds from Grayscale and Fidelity also reported outflows. 

Ethereum could rebound to $3,600 after retesting key support

The ETH/USD 4-hour chart is bearish and inefficient, caused by yesterday’s sharp decline in the market. The technical indicators remain bearish despite the slight pullback recorded so far today. 

Ether’s price faced rejection from the high of $3,928 on Monday and declined by 15.73% the next day. At press time, ETH is trading at $3,347 after retesting the 50% retracement level at $3,171.

The RSI of 31 shows that Ether is currently in the oversold region and could record a healthy gain from here. The MACD lines are also improving following the bearish crossover during the weekend.

If the $3,171 continues to hold as support, the leading altcoin could rally towards the $3,600 resistance level in the near term. An extended bullish run would see Ether recapture the Monday high of $3,900. 

However, if ETH’s daily candle closes below $3,171, the bearish trend could continue and push ETH’s price towards the next daily support at $3,017.

The post Ether could rebound to $3,600 after testing key level; Check forecast appeared first on CoinJournal.