Cardano (ADA) is regaining momentum, trading around the $0.84 level after successfully rebounding from a key support zone. A combination of bullish market sentiment and strong on-chain metrics is driving this recovery. The derivatives market is increasingly optimistic about ADA’s future. Data from Coinglass shows that Cardano’s OI-Weighted Funding Rate has turned positive, with longs … Read more
U.S. spot Ether (ETH) exchange-traded funds (ETFs) experienced a four-day streak of net outflows, with a total of $787.6 million leaving the funds during the shortened trading week. This comes after a strong performance in August, which saw these same ETFs attract $3.87 billion in net inflows. In contrast, Bitcoin (BTC) ETFs recorded $250.3 million … Read more
Despite a recent price recovery, Dogecoin (DOGE) is facing potential headwinds as on-chain data shows whales have sold off 200 million DOGE over the past 48 hours. This significant sell-off, combined with a 15% drop in trading volume, raises concerns about sustained bullish momentum. However, a new potential catalyst for a major price move has … Read more
SUI is gaining significant attention in the crypto market due to several positive developments. The token has been listed on Robinhood Legend, making it more accessible to retail investors. Additionally, SUI Group Holdings, a publicly listed company, has made a substantial investment, accumulating 101.7 million SUI tokens valued at over $332 million. The SUI blockchain’s … Read more
Cardano’s native token, ADA, has seen its price rise consistently over the past three months, climbing almost 40%. This price increase has sparked hope for another significant jump in September. However, this bullish price action stands in stark contrast to the network’s on-chain data, which paints a much less optimistic picture. Despite the price rally, … Read more
After a sharp decline, Pepe (PEPE) saw a minor recovery but continues to show signs of weakness across multiple fronts. Data from on-chain and derivatives markets points to a potential for further price drops. Whale Holders and Profitability Decline Large investors, or whales, are moving out of PEPE. The number of wallets holding between 100 … Read more
The native token for the decentralized derivatives exchange Hyperliquid (HYPE) has seen a recent price surge after crypto entrepreneur Arthur Hayes predicted it could increase 126-fold over the next three years. As of Monday, the token was trading at $45.64, a nearly 4% gain in 24 hours. Hayes, the co-founder of BitMEX, made his forecast … Read more
Dogecoin (DOGE) is at a pivotal moment, with traders watching for a potential breakout. Despite a recent price dip to around $0.21, several bullish chart patterns are forming, including a rounding bottom, a converging triangle, and a potential cup-and-handle structure. Analysts believe a confirmed push above the key resistance of $0.29 could ignite a significant … Read more
Shiba Inu (SHIB) has shown resilience, gaining over 2% in the past 24 hours to close at $0.00001251. The popular meme cryptocurrency initially dipped, mirroring a broader market downturn ahead of a speech by Fed Chair Jerome Powell. However, buyers quickly stepped in to defend the critical psychological support level of $0.00001200. This strong buying … Read more
HBAR is currently experiencing significant volatility and is at risk of a major price drop. The altcoin is trading at $0.234, just above its key monthly support level of $0.230, and is being challenged by a strong bearish trend. Technical indicators are signaling a negative outlook for HBAR. The Relative Strength Index (RSI) has fallen … Read more