Key takeaways

• ADA is down 4% in the last 24 hours and is now trading below $0.37.
• The bearish trend could see ADA decline below the $0.30 psychological level.

Cardano’s on-chain shows further bearish movement

Cardano’s ADA is down by 4% in the last 24 hours, making it one of the worst performers among the top 10 cryptocurrencies by market cap. The bearish performance comes amid poor on-chain data.

According to Santiment’s Social Dominance metric for Cardano, the current outlook for the cryptocurrency remains bearish. The index measures the share of ADA-related discussions across the cryptocurrency media. 

This metric has consistently declined since mid-November, reaching an annual low of 0.032% on Thursday. This dip indicates fading market interest and weakening sentiment among Cardano investors.

As more traders move their coins from wallets to exchanges, ADA continues to face selling pressure as investors decrease their exposure to the market. 

On the derivatives aspect, data also supports a further bearish outlook for ADA. Coinglass’s OI-Weighted Funding Rate data show that the number of traders betting that the price of ADA will decrease as more traders expect a price decline in the near term. 

The OI-Weighted Funding Rate turned negative on Thursday, down 0.0019%, suggesting that shorts are paying longs. If this metric flips negative, ADA usually faces heavy selling pressure. 

ADA could retest $0.30 as bears remain in control

The ADA/USD 4-hour chart is bearish and inefficient as Cardano has underperformed over the past few days. The coin faced rejection from the upper trendline of the falling wedge pattern on December 9 and has lost 22% of its value since then.

At press time, ADA is trading at $0.36 and could dip lower in the near term. If ADA continues its downward trend, the bears could push the price towards the October 10 low of $0.27. 

The Relative Strength Index (RSI) on the 4-hour chart reads 31, nearing oversold territory, indicating strong bearish momentum. Furthermore, the Moving Average Convergence Divergence (MACD) indicator showed a bearish crossover on Monday, further supporting the negative outlook.

If the bulls regain momentum, ADA could rally towards the 50-day EMA at $0.47 over the next few days.

The post ADA could slip below $0.30 as bearish momentum builds appeared first on CoinJournal.

Key takeaways

• BTC is up by less than 1% and is trading above $87k.
• The market is preparing for the CPI data release in a few hours. 

Bitcoin trades above $87k

The cryptocurrency market has been choppy since the start of the week, with most coins and tokens currently trading in the red. Bitcoin is trading at $87k after losing the $90k psychological level earlier this week.

The bearish performance comes ahead of the release of the CPI data in the United States later today. U.S. inflation data for November, expected to show a 3.1% increase in CPI, could influence Federal Reserve interest rate decisions.

With the October CPI absent due to the government shutdown, the November CPI will give investors a fresh look at price pressure.

Some analysts are optimistic that Bitcoin could experience a temporary relief in the near term. Nick Forster, Founder at the onchain options platform, Derive.xyz, stated that,

“BTC positioning remains decisively bearish. 30-day BTC volatility has climbed back toward 45%, while skew hovers around -5%. Longer-dated skew is also anchored around -5%, signalling that traders are pricing continued downside risk through Q1 and Q2, as ongoing sell pressure from previously inactive wallets weighs on spot prices.”

The analyst added that for BTC, the probability of reaching $100K sits near 30%, while the chance of reclaiming all-time highs remains around 10%.

BTC could risk a deeper correction

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed over the past few days. The bearish performance comes after Bitcoin’s price faced a rejection from a descending trendline on Friday and has lost 7% of its value since then.

The leading cryptocurrency retested the $85k support level on Wednesday but has bounced back and is now trading above $87k per coin. 

If the correction continues and Bitcoin closes the daily candle below the $85,569 support, Bitcoin could extend the decline toward the psychological $80,000 level.

The Relative Strength Index (RSI) on the daily chart is at 41, below its neutral level of 50, indicating bearish momentum gaining traction. Moreover, the Moving Average Convergence Divergence (MACD) lines are also within the bearish region. 

However, if BTC recovers and closes above $85,569, it could extend the rally towards the resistance level at $94,253.

The post Bitcoin eyes $90k ahead of CPI: Check forecast appeared first on CoinJournal.

Key takeaways 

• BTC is up 1.5% in the last 24 hours and is now trading above $87k per coin.
• The performance comes despite the bearish sentiment in the broader crypto market.

Bitcoin recaptures $87k

The cryptocurrency market is bullish on Wednesday following a poor start to the week, with Bitcoin, Ether, and XRP currently in the green. The price action for the top three cryptocurrencies remains weak, but they could record temporary relief over the next few hours.  

Bitcoin, the leading cryptocurrency by market cap, is trading above $87k per coin but could record further losses in the near term. In an email to Coinjournal, Nic Puckrin, investment analyst and co-founder of the Coin Bureau, believes that the market could face further selling pressure over the next few days. Nic added that,

“Bitcoin is in the red once again – a chart that is becoming all too familiar as a disappointing Q4 draws to a close. Having fallen to around $86,000, BTC is now knocking on the door of its 100-week moving average – a strong support level that sits around $84,800. And, once again, AI bubble fears and concerns over future monetary policy appear to be to blame.” 

Bitcoin could extend its correction in the near term

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed since the start of the week. Bitcoin’s price faced rejection on Friday and has lost 7% of its value since then. 

BTC retested the $85,569 support level on Monday, with the level holding, allowing BTC to hit the $87,500 level on Wednesday. 

If the correction continues and the daily candle closes below the $85,569 support, Bitcoin could extend the decline toward the psychological $80,000 level.

The Relative Strength Index (RSI) on the 4-hour chart is at 38, below its neutral level of 50, indicating bearish momentum gaining traction. Moreover, the Moving Average Convergence Divergence (MACD) lines have converged, adding a bearish narrative to the chart. 

However, if the bullish trend resumes, Bitcoin could rally towards the 61.8% Fibonacci retracement level at $94,253.

The post Bitcoin price forecast: BTC above $87k but sentiment remains bearish appeared first on CoinJournal.

Key takeaways

• HYPE is up by less than 1% and is trading at $27 per coin.
• The coin could reclaim the $30 psychological level amid plans to burn the assistance fund

Hyperliquid looks to burn assistance funds

HYPE, the native coin of the Hyperliquid DEX, is up by less than 1% in the last 24 hours, making it one of the best performers among the top 20 cryptocurrencies by market cap.

The positive performance comes as Bitcoin, XRP, and Ether are all trading in the red. It also comes as the Hyperliquid Foundation announced plans to permanently remove 37.11 million HYPE tokens from circulation, representing 3.71% of the total supply.

The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply.

For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part…

— Hyper Foundation (@HyperFND) December 17, 2025

The tokens are stored in its assistance fund address, and they will automatically convert the trading fees collected by the perpetual-focused exchange to purchase its native token. 

According to the team, the absence of a private key meant that the assistance fund address was never controlled, and a hard fork was necessary to access the funds. With the voting currently ongoing, if the community approves the proposal, it will establish a social consensus that no protocol upgrades are to access this address. 

However, the derivatives data show that traders are becoming bullish on this cryptocurrency. CoinGlass data reveals that the Open Interest (OI) surged by 1.63% in the last 24 hours to $1.53 billion, indicating a rise in the notional value of active positions.

The increase of HYPE’s OI-weighted funding rate to 0.0839% also shows that there is a surge in buying pressure, adding more confluence to the bulls. 

HYPE could recapture $30 soon

The HYPE/USD 4-hour chart is bearish and efficient after losing 4% of its value in the last seven days. At press time, HYPE is trading above the $26 support level.

The news of a potential burn hasn’t been priced in, and this could push HYPE’s price over the next few days. 

However, failure to close the daily candle fails to close above the $26 support, HYPE could extend its decline to the October 10 low near $20. 

The RSI of 40 is below the neutral 50 but shows a fading bearish momentum. The Moving Average Convergence Divergence (MACD) and the signal line extend the declining trend, suggesting that the bears haven’t given up yet. 

On the flip side, if the bulls continue the recovery and HYPE’s daily candle closes above $26, the coin could rally towards the $34 resistance level.

The post Hyperliquid price prediction: HYPE eyes the $30 resistance appeared first on CoinJournal.

Key takeaways

• Stellar’s XLM is down 3.4% and is now trading around $0.22.
• Derivatives data signals a bearish positional buildup, with further downside expected in the near term.

XLM derivatives suggest further bearish price action

Stellar (XLM) is trading in the red zone for the seventh consecutive day, losing 3.4% of its value in the last 24 hours. The bearish performance comes as the broader cryptocurrency market is bleeding, with XLM now expected to retest the April low in the near term. 

XLM’s derivatives data shows that the bearish trend could grow thicker. Data obtained from CoinGlass shows that XLM futures Open Interest (OI) is in a largely declining trend, at $118.43 million, down from $124.72 million recorded yesterday. 

The declining OI suggests a decline in the notional value of XLM futures, with the total value of all active positions (long and short) currently on the decline. 

With XLM declining,  long liquidations over the last 24 hours totaled $406,740, outpacing short liquidations of $6,040. The long-to-short ratio chart shows that short positions increased to 53.37% today, up from 50.57% recorded on Monday. 

XLM could decline below the $0.20 psychological level

The XLM/USD 4-hour chart is bearish and inefficient as Stellar has underperformed over the last seven days. The coin is currently trading at $0.222, retesting the June low of $0.217.

If the bearish trend continues, XLM could drop below the $0.2001 level marked by the April 7 low. An extended bearish trend could see the cross-border remittance token aim for the support at $0.1642, followed by the annual low of $0.1600. 

Currently, the technical indicators are bearish, suggesting that sellers are in control. The Relative Strength Index (RSI) is at 35, pointing toward the oversold zone. Furthermore, the Moving Average Convergence Divergence (MACD) is falling steeply after crossing below the signal line a few hours ago.

However, if the bulls regain control, XLM could flip the bearish narrative and retest the $0.2579 support-turned-resistance.

The post Stellar Lumen price prediction: XLM retests the June low, eyes further dip appeared first on CoinJournal.

Key takeaways

• ONDO is down 10% in the last 24 hours and briefly dropped below the $0.40 support level.
• The coin could retest lower support levels as the price action remains bearish.

ONDO recovers after dipping below $0.40

ONDO is one of the worst performers among the top 100 cryptocurrencies by market cap, as it has lost 10% of its value in the last 24 hours. At press time, ONDO is trading at $0.41, slightly recovering from its dip below $0.40.

The bearish performance comes despite Ondo Finance announcing on Monday that it plans to integrate with Solana (SOL) in early 2026 to expand its tokenized stocks and Exchange Traded Funds (ETFs) platform. 

According to its X post, Ondo will bring ETFs to the Solana network. While this announcement signals a bullish outlook for ONDO, the coin has underperformed over the last 24 hours. 

It’s coming.

The largest platform for tokenized stocks and ETFs is coming to @Solana in early 2026.

Wall Street liquidity meets internet capital markets. pic.twitter.com/CmMFT2UTFu

— Ondo Finance (@OndoFinance) December 15, 2025

The integration is set to enhance scalability, liquidity, and tap into SOL’s fast-growing user base, broadening Ondo’s ecosystem and adoption. 

The bearish performance aligns with ONDO’s declining open interest on the Binance exchange, which currently stands at $22.32 million, close to its 2025 low. The decreasing open interest suggests that traders are closing their positions, with speculative interest currently declining. 

ONDO could retest $0.34 as bears remain in control

The ONDO/USD 4-hour chart is bearish and inefficient as Ondo has lost 10% of its value in the last 24 hours. 

The coin faced a rejection at the $0.52 resistance level last week and has lost 16% of its value since then. If the downward trend continues, ONDO could retest the $0.34 support level in the near term.

The October 10 low of $0.24 could serve as another strong support in the coming weeks or months. 

The Relative Strength Index (RSI) on the 4-hour chart is at 32, pointing downward toward oversold conditions, indicating strong bearish momentum. Furthermore, the Moving Average Convergence Divergence (MACD) indicator is showing a bearish crossover, adding confluence to the negative outlook.

However, if the bulls recover, ONDO could rally towards the $0.52 resistance level once again. 

The post ONDO price prediction: Will Ondo defend the $0.40 psychological level? appeared first on CoinJournal.

Key takeaways

• XRP is down 1% in the last 24 hours and is trading at $1.99.
• Failure to defend the $1.96 support could see XRP dip lower.

XRP drops below $2

The cryptocurrency market has underperformed over the past few days, with Bitcoin and other major coins currently in the red. Bitcoin, the leading cryptocurrency by market cap, has dropped below $90k and could retest lower levels if the bearish trend continues.

XRP, the native coin of the Ripple blockchain, is also in the red zone, after losing 1% of its value in the last 24 hours. The bearish performance means that XRP was unable to defend the $2.0 psychological level, as it is now trading at $1.99.

The bulls will now be forced to defend the $1.96 suppport level as failure to do so could see XRP record massive losses over the next few days. Currently, the market is still consolidating, with no clear direction in sight. 

XRP could extend its decline if bulls fail to defend the $1.96 support

The XRP/USD 4-hour chart is bearish and inefficient, with the inefficiency caused by the October 11 deleveraging event. Since then, XRP has failed to rally to the $2.7 level to gain efficiency. 

The cryptocurrency lost 3.22% of its value last week, making it the second consecutive week of losses. At press time, XRP hovers around $1.99.

If XRP fails to recover and closes the daily candle below the $1.96 support, it could extend the decline toward the next daily support at $1.77.

The RSI on the 4-hour chart is 41, below its neutral level of 50, indicating that bearish momentum is gaining traction. The MACD lines are also converging, adding more confluence to the consolidating market condition. 

On the flip side, if XRP stays above the $1.96 daily support, it could extend the rally toward the next daily resistance at $2.35.

The post Ripple price forecast: XRP retests the $1.96 support appeared first on CoinJournal.

Key takeaways

• BTC is trading at $89k after losing less than 1% of its value in the last 24 hours.
• The leading cryptocurrency could top the $90k resistance level in the near term.

BTC trades below $90k

The cryptocurrency market has opened the new weekly candle bearish, with Bitcoin and other major cryptocurrencies currently in the red. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are currently trading around key levels after correcting slightly over the past few days. 

The three leading cryptocurrencies by market cap could record further losses in the near term as bearish momentum builds across key indicators.

At the moment, traders and investors are closely monitoring critical support zones for signs of stabilization or a deeper corrective move.

Traders are keeping an eye on upcoming macroeconomic events in the global financial markets. In the U.S, the events include the unemployment rate, ADP employment data, and weekly jobless claims, alongside November inflation data, and December flash PMI readings.

Furthermore, the speeches from Federal Reserve Governors Stephen Miran and Christopher J. Waller could give investors clues on the path of interest rates.

The Bank of Japan is also expected to raise interest rates to 0.75% at its upcoming policy meeting on Thursday. 

Bitcoin could face further correction

The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed in recent days. The cryptocurrency faced rejection from the descending trendline last week, failing to overcome the $94k resistance level. As of Monday, BTC hovers around $89,000.

If the bearish trend continues, Bitcoin could sink lower towards the next key support level at $85,569. However, this support level remains strong at the moment. 

The Relative Strength Index (RSI) on the 4-hour chart is at 42, below its neutral level of 50, indicating bearish momentum is gaining traction. Furthermore, the Moving Average Convergence Divergence (MACD) lines are converging, and a flip to a bearish crossover could add additional confluence for the bears. 

If the bulls regain control and Bitcoin breaks above the $94k resistance level, it could extend its rally toward the $100,000 psychological level.

The post Will Bitcoin overcome the $90k resistance? Check forecast appeared first on CoinJournal.

Key takeaways

• ETH is up 1.4% in the last 24 hours and is now trading above $3,200.
• The leading altcoin by market cap could retest the $3k psychological level as the bullish momentum stalls.

Market momentum stalls

Bitcoin (BTC) and Ethereum (ETH) are currently trading around key resistance levels after rallying over the past 24 hours. The resistance levels could see the leading cryptocurrencies retest lower psychological areas before either dumping harder or embarking on a successful breakout.

At press time, Ether is trading above $3,200 per coin after adding 1.4% to its value in the last 24 hours. It failed to surpass the $3,500 resistance level on Friday despite the Federal Reserve reducing its benchmark interest rate for the third time this year.

However, the Fed delivered a hawkish rate cut, causing the market sentiment to shift bearish and Ether to retest the $3,100 level on Thursday. The market has now bounced back, and Ether could reclaim the $3,500 resistance if the rally continues. 

Ether could retest $3k before rallying higher

The ETH/USD 4-hour chart is bullish and efficient, as Ether has added nearly 4% to its value since the start of the week. Ether’s price broke above the descending trendline (drawn by joining multiple highs since October 7) earlier this week and rose by 6.2% on Wednesday. 

However, it declined below $3,100 following the FOMC meeting, with a key resistance level set around $3,500. If Ether closes its daily candle above the 50-day EMA at $3,310, it could rally towards the next major resistance at $3,592.

The RSI of 54 is above the neutral 50, indicating a bullish momentum on the 4-hour timeframe. The Moving Average Convergence Divergence (MACD) showed a bullish crossover earlier this week, supporting a bullish bias. 

However, if the daily candle fails to close above $3,310, Ether could face another correction towards the daily support level at $3,017.

The post Ether could retest $3k as bullish momentum stall: Check forecast appeared first on CoinJournal.

Key takeaways

• PI is down 1% in the last 24 hours and is now trading below $0.21.
• The coin could drop lower as the bearish sentiment grows stronger.

Pi core team transfers 2 million tokens

PI is down 1% in the last 24 hours despite the broader crypto market recovering from its recent slump. The negative performance comes after an outflow of 2 million PI tokens from the Pi core team’s liquidity reserve wallet. 

Usually, such transfers are a strategic movement of supply for rewards of operations. This is usually followed by a bearish movement in the price action of the cryptocurrencies.

A similar transfer of 50 million PI tokens to a different wallet two months ago saw multiple deposits to the OKX cryptocurrency exchange. At the moment, this wallet holds less than 48 million tokens after transferring over 3 million PI tokens to OKX. 

This movement could suggest that the core team is consolidating its holdings, increasing the bearish sentiment surrounding PI. 

PI could retest the $0.19 support level

The PI/USD 4-hour chart is bearish and efficient as the coin has been in the red over the past seven days. The technical indicators are also bearish, suggesting that sellers are currently in control of the market. 

The bearish performance comes after PI failed to defend the $0.2200 support level, with the bears likely to push it lower towards the $0.1919 support area. 

Failure to defend this critical level could expose PI to the October 10 low at $0.1533, which could serve as its all-time low support.

The RSI of 37 is below the neutral 50, indicating that the bears are currently in control of the market. The MACD lines are also within the negative territory, suggesting a bearish momentum. 

However, if the bulls recover the momentum, PI could rally and test the 50-day Exponential Moving Average at $0.2364. The bullish trend will resume once PI crosses the $2.500 psychological level.

The post PI could dip below $0.20 amid a strong bearish sentiment appeared first on CoinJournal.

Key takeaways

• Cardano’s ADA is down 10% in the last 24 hours and is now trading at $0.415.
• The coin could bounce back to the $0.50 region as the $0.40 support level holds.

ADA is the worst performer among the top 10 cryptocurrencies by market cap, losing 10% of its value in the last 24 hours. The bearish performance comes amid the Fed’s interest rate and declining Open Interest.

However, on-chain data suggests that Cardano could recover soon and rally higher in the near term. 

Derivatives data adds to ADA’s woes

Data obtained from CoinGlass reveals a 13% drop in Cardano futures Open Interest (OI) over the last 24 hours to $725.61 million. The decline in OI suggests a massive drop in active positions, including both longs and shorts, indicating that traders are not interested in the cryptocurrency at the moment. 

With the risk-off sentiment, ADA’s funding rate has dropped to 0.0019% from the 0.0047% recorded on Wednesday, suggesting a decline in bullish sentiment. 

Furthermore, the short positions account for 54.62% of all active positions in the last 24 hours by press time, indicating that traders are more bearish about ADA’s price action. 

Despite the decline in the derivatives data, on-chain data obtained from Santiment shows that transactions reached a nine-month high of 4.11 billion ADA on Tuesday. The increase in on-chain activity could boost ADA’s price in the short to medium term. 

Finally, the daily active addresses have also hit a four-month high of 34,229, indicating renewed interest in the Cardano network. 

Cardano could break out above $0.50 soon

The ADA/USD 4-hour chart is bullish and efficient, with an MSU (Market Shift) structure formed on this timeframe. The technical indicators remain bearish but could soon switch bullish as ADA holds the $0.40 support level. 

The RSI of 36 shows that ADA is still within the bearish territory. However, the MACD lines are within the positive territory, indicating a growing bullish bias. 

If the trend reverses, ADA could rally towards the $0.50 resistance level over the next few hours or days. The breakout rally could push Cardano prices to $0.6069, a level marked by the November 11 high.

However, failure to reverse could see ADA retest the December 1 low of $0.3707 over the next few hours or days.

The post ADA holds above the $0.40 support, eyes the $0.50 psychological level appeared first on CoinJournal.

Key takeaways

• HYPE is down 5% in the last 24 hours and is currently trading at $27.
• The coin could drop to $23 if the bearish trend continues.

Hyperliquid’s staking balance declines

HYPE, the native coin of the Hyperliquid decentralized exchange, is one of the worst performers among the top 20 cryptocurrencies by market cap. The coin is trading above $27 per coin after losing 5.8% of its value in the last 24 hours.

The bearish performance comes after the Federal Reserve delivered a hawkish red cut on Wednesday. According to market analysts, with further rate cuts now off the table for a while, attention will turn to liquidity and the Fed’s balance sheet policy in early 2026. However, despite the Treasury bill purchase announced today, QE isn’t coming until things start breaking – and that always means more volatility and potential pain.

Another major catalyst behind HYPE’s bearish performance is the decline in Hyperliquid’s Total Value Locked (TVL). The protocol’s TVL has dropped to $1.63 billion from $2.42 billion on October 30. 

Investors continue to pull their funds from staking contracts on the Hyperliquid chain, adding more selling pressure on HYPE. Falling TVL suggests that investors are losing confidence in the token and ecosystem, prompting them to reduce their risk exposure.

Furthermore, the demand for Hyperliquid derivatives has declined due to the current market conditions. According to Coinalyze, HYPE’s Open Interest (OI) has dropped to $1.3 billion, down 2.5% from the $1.48 billion recorded on Wednesday. It is also significantly below its record high of $2.59 billion reached in September, suggesting that low retail interest in HYPE could continue to suppress a recovery. 

Will HYPE continue to dip lower?

The HYPE/USD 4-hour chart is bearish and efficient as HYPE has underperformed over the last 24 hours. The Layer-1 blockchain token has dropped below its short-term support at $27.50, underpinning its current bearish outlook.

The Relative Strength Index (RSI) has dropped to 34 on the 4-hour chart, pointing to a strong bearish momentum. If the RSI enters the oversold region, HYPE could dip lower over the coming hours and days. 

If the bearish trend continues, HYPE could retest the low of $23 for the first time since May 13. 

However, if buyers regain control and push the price above the $29 resistance level, HYPE could target the next major liquidity level sitting below the 50-day Exponential Moving Average (EMA) at $36.23.

The post HYPE could dip to $23 amid declining staking balance: Check forecast appeared first on CoinJournal.

Key takeaways

• BTC is down 1.35% and is trading around $90,500.
• The leading cryptocurrency has stabilized ahead of tomorrow’s FOMC meeting.

BTC stays above $90k ahead of the Fed rate decision

Bitcoin began the week bullish, hitting the $93k level on Monday. However, it has lost 1% of its value in the last 24 hours and is now trading above $90k. 

The mixed performance comes as traders look forward to tomorrow’s Fed rate decision. The Federal Reserve is expected to reduce its benchmark lending rate by a minimum of 25 basis points. 

The US Personal Consumption Expenditures (PCE) Price Index, released last Friday, did little to influence expectations for further policy easing by the apex bank. 

In addition to that, institutional demand for Bitcoin-related funds shows a decline in selling pressure compared to previous weeks. Data obtained from SoSoValue revealed that S-listed spot Bitcoin ETFs recorded a mild outflow of $60.48 million on Monday.

Bitcoin’s recovery could be determined by the ETF inflow as institutions play a crucial role in boosting demand. 

Finally, Michael Saylor’s Strategy announced on Monday that it had acquired 10,624 bitcoin for $962.7 million between December 1–7 at an average price of $90,615. Thanks to this acquisition, the company now holds 660,624 BTC, valued at $49.35 billion. 

Bitcoin could rally towards $97k

The BTC/USD 4-hour chart is bullish and efficient as Bitcoin has performed positively in recent days. The cryptocurrency faced rejection from the 61.80% Fibonacci retracement level at $94,253 last week, dropping to the $88k level during the weekend.

However, it recovered above $92k on Monday before declining to now trade above $90,500 per coin. 

If the rally continues and the daily candle closes above the $93k resistance, BTC could extend its bullish movement toward the next key resistance at $100,000.

The Relative Strength Index (RSI) on the 4-hour chart is 44, near the neutral 50 level, suggesting fading bearish momentum. However, the RSI needs to move past the neutral level if Bitcoin will surmount the $93k resistance level. 

The Moving Average Convergence Divergence (MACD) showed a bullish crossover last week, which still holds, supporting a bullish bias.

However, if the bullish recovery fails, Bitcoin could revisit the support level around the $85,569 region.

The post Bitcoin stabilizes around $90k ahead of FOMC meeting: Check forecast appeared first on CoinJournal.

Key takeaways

• HYPE is down 8% in the last 24 hours and has dropped below $28.
• Open Interest (OI) declines as retail interest continues to drop.

HYPE dips below the $28 support

HYPE, the native coin of the Hyperliquid decentralized exchange, is down 8% in the last 24 hours, making it the worst performer among the top 20 cryptocurrencies by market cap.

The bearish performance comes as Bitcoin and the other major cryptocurrencies underperform. HYPE could decline towards the $20 psychological level amid a consolidating market. 

HYPE’s bearish performance comes as the coin is losing retail interest due to the current market conditions. Traders are anticipating a rate cut by the Federal Reserve on Monday, but that hasn’t propped up interest in Hyperliquid.

According to CoinGlass, HYPE’s futures Open Interest (OI) is down 5.91% in the last 24 hours to $1.44 billion. The decline suggests a significant liquidity loss in HYPE derivatives as traders adopt a wait-and-watch strategy.

In addition to that, the long liquidations since Monday topped $1.2 million, surpassing short liquidations of $88,160.

HYPE could dip to $20 if the selloff continues

The HYPE/USD 4-hour chart is bearish and efficient as Hyperliquid has lost 8% of its value in the last 24 hours. The coin is currently trading below $28, breaking the support around $29.37.

If the bearish trend continues, HYPE’s daily candle could close below the resistance level at $26.03. An extended selloff will bring the October 10 low of $20.84 into focus. 

The RSI of 29 shows that HYPE is currently in the oversold territory and could record further losses in the near term. Meanwhile, the Moving Average Convergence Divergence (MACD) indicates a rise in bearish momentum, with sellers currently in control of the market. 

If the bulls retake control of the market, HYPE could reclaim the $30 psychological level before rallying towards the resistance trendline near $34.00.

The post Hyperliquid dips below the $28 support. Will it bounce back soon? appeared first on CoinJournal.

Key takeaways

• BCH rallied 15% last week, reclaiming the $600 price in the process.
• The rally allowed Bitcoin Cash to overtake Chainlink and Hyperliquid in the market cap list.

BCH is now the 11th largest crypto by market cap

The cryptocurrency market began the new week bullish, with Bitcoin, Ether, and XRP all in the green. Bitcoin is currently trading above $92k, while Ether is now approaching the $3,200 region.

Bitcoin Cash (BCH) has been one of the best performers among the top 20 cryptocurrencies by market cap. It added 15% to its value in the last seven days, outperforming the broader cryptocurrency market.

The rally allowed BCH to reclaim the $600 level after underperforming earlier this month. At press time, BCH is trading at $594 and could rally higher in the near term. The rally also allowed Bitcoin Cash to overtake Chainlink (LINK) and Hyperliquid (HYPE), and it is now the 11th-largest cryptocurrency by market cap. 

BCH faces resistance above $650

The BCH/USD 4-hour chart is bullish and efficient as Bitcoin Cash has been the best performer among the top 20 cryptocurrencies by market cap in the last seven days. The coin has outperformed Bitcoin, Ether, XRP, and other major altcoins.

The momentum indicators are bullish, suggesting that the buyers are currently in control of the market. The Relative Strength Index of 59 is above the neutral 50, suggesting that the market conditions are flipping bullish. The MACD lines also flipped into the bullish zone last week, flashing a buy signal for the traders.

If the rally continues, BCH could rally towards the next major resistance level at $650, its highest level since the start of the year. The next major resistance stands at $720, its 2024 high.

However, if the recovery fails, Bitcoin Cash could retest the $550 Inducement Liquidity (ILQ) over the next few hours or days.

The post Bitcoin Cash could retest $550 after latest rally: Check forecast appeared first on CoinJournal.

Key takeaways

• ETH is up 3% in the last 24 hours and is now trading above $3,100.
• Whales are optimistic of a price surge in the near term.

Whales open bullish positions on Ether

Ether, the second-largest cryptocurrency by market cap, is up 3% in the last 24 hours and is now trading above $3,100 per coin. The rally comes as the broader cryptocurrency market recovered from the slight dip on Sunday.

In addition to that, Ethereum whales are opening long positions as they are optimistic that Ether’s price will surge higher in the near to medium term. The whales are optimistic of a price surge thanks to the upcoming Fed rate decision on Wednesday, with the apex bank expected to reduce its borrowing benchmark by 25 basis points. 

Data obtained from Lookonchain reveals that three whales have opened long positions, totaling 136,433 ETH, worth about $425.98 million.

One whale, BitcoinOG (1011short), has a long position of $169 million in ETH, while Anti-CZ opened another position worth $194 million. The third whale, pension-usdt.eth, opened a long position of 20,000 ETH, worth approximately $62.5 million at current rates.

In addition to these three, other whales have also opened long positions on Ether, with many of them predicting that the cryptocurrency’s price could rally to $4k in the near to medium term. 

Furthermore, BitMine continues to add more Ether tokens to its treasury. Last week, the company added $199 million more ETH, bringing its total holdings to 3.73 million ETH ($13.3 billion), making it the largest corporate holder of ETH. 

Ether could surge to $4k amid growing demand

The ETH/USD 4-hour chart has flipped bullish and efficient as Ether has reclaimed the $3,100 mark at press time, ETYH is trading above $4,100, and could rally higher if the bullish trend continues.

The momentum indicators are bullish, suggesting that buyers are currently in control. The RSI of 62 shows that ETH is currently bullish and could enter the overbought region if the recovery continues. The MACD lines are also within the positive territory, reinforcing the bullish bias.

If the recovery continues, ETH could surge past Thursday’s high at $3,240 with a decisive close, with the next resistance level at the 200-day EMA at $3,459. However, failure to overcome the $3,240 resistance could see Ether drop below $3,000 and retest the November 21 low of $2,623.

The post Ethereum price forecast: Ether eyes $4k as whales open long positions appeared first on CoinJournal.

Key takeaways

• PI is down 2% in the last 24 hours and could drop below $0.22 if the bearish trend continues.
• The technical outlook indicates short-term risk.

PI could dip lower amid poor technicals

Pi Network (PI) has been underperforming over the past three days and risks dropping below a critical support trendline. The on-chain data indicates an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows. 

Data obtained from PiScan reveals that user deposits over Pi Network’s Know Your Business (KYB)-verified CEXs totaled 2.75 million PI tokens in the last 24 hours. The deposit is far greater than the withdrawals of 1.76 million tokens. Thus, indicating a daily net inflow of CEXs, suggesting that investors might be selling some of their stash. 

 Will Pi Network drop below the $0.22 support line?

The PI/USD 4-hour chart is bearish and efficient as PI has lost 2% of its value in the last 24 hours. The cryptocurrency is retracing toward a local support trendline formed from the October 22 and November 4 lows. 

At press time, PI is trading at $0.2267, with a bearish trend currently in play. The technical indicators are bearish, suggesting further downward movement. The RSI of 37 shows that PI is heading into the oversold region if the trend continues. The MACD lines are also within the bearish region.

If the trend persists, PI could decline below the Monday low of $0.2204, with another major support just around the $0.1919 region. 

However, if the bulls regain control, PI could reclaim last week’s high at $0.2841. An extended bullish run would allow PI to eye the August 1 low at $0.3220.

However, the current market conditions remain bearish, with PI expected to underperform over the next few days.

The post PI could drop below $0.22 amid a strong bearish trend: Check forecast appeared first on CoinJournal.

Key takeaways

• BTC is up by less than 1% and is currently trading above $93k.
• The coin could rally towards $100k if the bullish recovery continues.

Bitcoin reclaims $94k

The cryptocurrency market has recovered from the dip recorded on Monday, with Bitcoin briefly reclaiming the $94k level on Wednesday. The leading cryptocurrency by market cap is up by less than 1% in the last 24 hours and is now trading above $93k per coin.

The positive performance comes as technical indicators improve across the board, suggesting that retail investors are optimistic about a rally in the near term. 

In an email to Coinjournal, Nic Puckrin, investment analyst and co-founder of The Coin Bureau, pointed out that Bitcoin has staged a remarkable recovery over the past 24 hours, driven by a perfect storm of good news that has finally tipped the balance over in favor of the bulls (Vanguard allowing its clients to buy and sell crypto ETFs).

Furthermore, Bank of America is now recommending a 1%-4% portfolio allocation to crypto, which could bring up to $700 billion in extra liquidity into this asset.

“As a result, Bitcoin has shot up to a key resistance level between $93,000 and $95,000, which also acted as a resistance zone back in April. If it pushes through this, it will attempt to breach the $100,000 threshold again, with the 50-week simple moving average (SMA) at $102,000 a key level to watch. It all depends on whether US buyers continue this momentum when the New York market opens this morning,” Puckrin added.

Bitcoin looks to overcome the $93k resistance

The BTC/USD 4-hour chart is bearish and efficient despite Bitcoin performing positively this week. The technical indicators have improved, with the bulls currently in control.

The RSI of 61 shows that Bitcoin could be heading into the overbought territory if the buying pressure continues. The MACD lines also switched bullish on Tuesday, confirming another strong bullish bias.

If the bullish trend persists, BTC could surge towards the next major resistance level at $96,399 over the next few hours or days. However, if the bulls fail to push higher. Bitcoin could retest the liquidity level just below $91k.

The post Bitcoin price forecast: BTC eyes breakout to $100k as technicals improve appeared first on CoinJournal.

Key takeaways

• LTC is up 1% in the last 24 hours and now trades at $85 per coin.
• The coin could rally above $95 amid growing retail demand.

Litecoin reclaims $85 as demand increases

Litecoin (LTC) has added 1% to its value and is currently trading above $85 per coin. The positive performance comes amid increased demand for cryptocurrencies with listed Exchange Traded Funds (ETFs). The momentum comes after the Vanguard Group decided to allow crypto market exposure through third-party ETFs.

Vanguard’s decision extends exposure to the Canary Litecoin ETF (LTCC), increasing the possible demand for the fund.

However, data obtained from SoSoValue revealed that the Litecoin ETF saw a net-zero flow on Monday and Tuesday, keeping the cumulative net inflow at $7.67 million. 

Furthermore, the Litecoin derivatives market saw a surge in demand, as the futures Open Interest (OI) surged by 4.41% over the last 24 hours to $440.26 million. This surge suggests that investors are confident that Litecoin’s price could rally higher in the near term.

Finally, data obtained from CryptoQuant shows an increase in the average order size from whales. This reflects greater confidence and could further boost demand.

Litecoin could reclaim $95 as indicators flash bullish

The LTC/USD 4-hour chart is bearish and inefficient as Litecoin has underperformed in recent weeks. The coin has recovered from the low of $74 created on Monday and could rally higher in the near term.

At press time, LTC is trading at $85.2 per coin. The technical indicators have switched bullish on the 4-hour timeframe. The RSI of 53 shows that the bulls have regained control, and LTC is no longer in the bearish region. The MACD line has also switched bullish since Tuesday, indicating a bullish bias.

If the recovery continues, Litecoin could surge to the 0-day Exponential Moving Average (EMA) at $92.94. An extended rally would allow it to hit the 200-day EMA at $99.51. However, if Litecoin loses momentum, it could retest the November 4 and December 1 lows at $79.68 and $74.66, respectively.

The post Will Litecoin hit $95 amid rising retail demand? Check forecast appeared first on CoinJournal.

Key takeaways

• SHIB is up 11% in the last 24 hours, outperforming the broader crypto market.
• The cryptocurrency could rally higher in the near term.

Memecoins surge higher

Leading memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) have performed positively over the past 24 hours, easing from the recent selling pressure. The memecoins began December bearish but have recovered some gains over the past few hours.

The technical indicators remain mixed despite the recent positive price action. Retail interest in Dogecoin and Shiba Inu has increased in recent days. Data obtained from CoinGlass revealed an increase of 4.33% and 2.62% in DOGE and SHIB futures Open Interest (OI) over the last 24 hours, reaching $1.38 billion and $80.51 million, respectively. This surge in capital at risk in DOGE and SHIB futures indicates that investors are gaining confidence in the memecoins. 

 SHIB eyes the $0.00001 psychological level

The SHIB/USD 4-hour chart remains bearish and efficient as Shiba Inu has underperformed over the past few weeks. SHIB dropped below the $0.000010 psychological level since November 12 and has failed to recover since then. 

At press time, Shiba Inu is trading above $0.00000800 after four previous days of losses. The ongoing recovery could see SHIB recover above the November 29 high of $0.00000913. 

Similar to Dogecoin, SHIB’s RSI stands at 47, below the neutral 50, but suggesting that the bearish momentum is fading. The MACD lines are also closing in on a bullish crossover, confirming a potential recovery. If the recovery persists, SHIB will top the $0.00000913 resistance and head towards the $0.00001 psychological level.

However, if the bears regain control of the market, SHIB could retest the Monday low of $0.00000780 in the near term.

The post Is SHIB heading to $0.000010 after its latest rally? Check forecast appeared first on CoinJournal.