Tag: Cryptocurrencies

Polkadot Flashes Breakout Signals-Is $4.8 the Next Target?

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Polkadot is testing a key resistance level on its falling wedge with high trading volume, suggesting a strong breakout.

 

Polkadot, the blockchain network that bridges other blockchain networks, has caught the market’s attention following a 57.5% surge in trading volume in the past 24 hours. Per CoinMarketCap, DOT was trading at $3.82, a 2.47% price increase, as of press time.

DOT’s price has been trading inside a falling wedge pattern formation for the past 4 months. Looking at the 12-hour chart, the price is consolidating and testing the $4.10 key resistance zone on its descending resistance trendline.

 

Source: CoinMarketCap

 

Technical analysis by WorldofCharts suggests that $4.8 could be Polkadot’s next target following a confirmed successful breakout above its falling wedge formation.

With the MACD level (12,26) and short-term moving averages flashing “buy”, DOT could be geared up for an uptrend rally soon. One should watch out for the coin’s buying pressure and open interest at this level while the market awaits a confirmed breakout.

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NFTs: Why Big Opportunity Lies in Digital Collectibles

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81.9 million young U.S. adults have never owned an NFT despite growing crypto and blockchain adoption. What opportunity does this present?

 

Digital collectibles have been viewed as mere hype on social media and gaming platforms with unmatched prices. In fact, according to data published by Protocol Theory, 83% of U.S adults aged 18-39 have never engaged with NFTs, regardless of their well-known presence on social media and the gaming industry. The majority are disinterested, skeptical, or considering passively.

 

Source: ProtocolTheory.com

Why does this present opportunities

A majority of the young generation values communities and a sense of belonging, mainly in their online communities. However, the NFT market could have failed to design meaningful experiences that deeply resonate with the untapped audience.

If builders introduce suitable utility and narratives beyond hype, the NFT market could see interest from new users. With the digital culture evolving, a notable NFT boom is possible, as evident in growing Web3 gaming and associated technologies.

 

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partyushgoyal

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Bitcoin Exchange Inflow Signals a Calm Moment-What’s next?

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Bitcoin’s exchange inflow volume signals a slowdown that historically precedes strong price movements. 

 

Bitcoin inflows volume refers to the amount of BTC entering exchanges. A rise in exchange inflow signals potential selling pressure, while a low exchange inflow suggests accumulation. This indicator is critical in determining market entry points among investors. Recent data indicate a horizontal phase with no fluctuations, signalling a calm sentiment.

Source: X

According to analyst Ali Martinez on X (Formerly twitter):

 

For now, it’s signaling patience. We’re still waiting for the right opportunity to step in.

 

With the 30-day moving average trending horizontally, this could be a market cooldown with no aggressive exchange activity. Historically, this calmness is followed by a rally as the price consolidates in a range and defined entry points appear.

With rising institutional and government interest in BTC as a strategic reserve, this could be due in the next few months.

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partyushgoyal

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Incoming Altseason? What does THIS Historical Setup Suggest?

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Altcoin season hits its historical low levels while the global liquidity index (GLI) is on the rise, signalling new capital in the market. With altcoins gaining momentum, is altseason about to kick in?

 

Days after the tariff-fuelled crypto market crash, Bitcoin and altcoins have made notable recovery efforts. The altcoin sentiment has hit rock bottom on the charts. Despite this, the technical setup tells a historical story, one that has left the market wondering whether altcoins are on the verge of rebounding.

 

Source: Blockchaincenter.net

 

Looking at the chart, the market season is at level 18, a historical support level from which the shift to altcoin season sentiment begins. The global liquidity index is rising as countries print more money and implement pro-crypto policies.

As disposable capital becomes available due to the cooling trade war, investors could shift this liquidity into riskier assets.  Altcoins could be considered in a bid to diversify their crypto portfolios for higher returns.

 

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partyushgoyal

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Hyperliquid (HYPE) Holds Key Support- Is $36 Next on the Cards?

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Hyperliquid surges 8.67% with a high trading volume after retesting and bouncing off a key support. Technical analysis hints at $36 as a long-term target.

 

Hyperliquid, the high-performance decentralized perpetuals exchange, has seen its token, HYPE, surge 8.67% in the past 24 hours, as of this writing. Per CoinMarketCap data, the coin’s trading volume has risen 28.41% following a retest and bounce-off at the $12-$13.5 key support zone on the daily chart.

 

Source: CoinMarketCap

 

According to technical analyst Solberg Invest, with the momentum building, traders are eyeing the $19-$27 key resistance zone in the mid-term while targeting $36 in the long-term.

Derivatives data by Coinglass signals heightened open interest (+10.12%) as HYPE’s Open Interest (OI) Weighted Funding Rate turns positive.

With prices fluctuating around the $16.7  level, hype could be geared up for a rally soon. One should watch for the coin’s buying volume, open interest, and Relative Strength Index(RSI) in the current setup to understand HYPE’s next moves.

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Russia’s Finance Ministry Proposes Ruble-Pegged Stablecoin

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Russia’s Finance Ministry calls for a ruble-based stablecoin to reduce reliance on U.S dollar-backed stablecoins.

 

Russia, a member of the BRICS economic alliance, has been vocal on the concept of de-dollarization as a way of minimizing U.S dominance on the global economy. In addition to U.S. sanctions over the Russia-Ukraine War, the country also saw its wallets holding over $30 million in USDT frozen.

As a result, Osman Kabaloev, a senior officer in the Ministry of Finance, has proposed a ruble-pegged stablecoin in a move to strengthen Russia’s financial independence. However, the Bank of Russia opposes the idea of private stablecoins while promoting its digital ruble.

 

What does this mean for Russia?

The recent development in Russia’s Ministry of Finance is a step toward wider crypto adoption in its regulated crypto space. The growing split between central regulators and advocates of innovation could open more opportunities for crypto enthusiasts in Russia.

Similarly, this comes a challenge to Russia’s crypto strategy as the country minimizes exposure to western financial control.

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partyushgoyal

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Tron (TRX) Holds THIS Support amid Positive Q1 Growth

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Tron bulls hold strong at the $0.2500 support zone, anticipating a price upsurge as TRON DAO announces gas-free USDT transfers.

 

Tron has flipped its previous resistance at the $0.2500 level, turning it into a strong support. Additionally, the coin saw renewed buying interest following its announcement of gas-free USDT transfers.

According to a report by Messari, the TRON network has recorded a 2.7% revenue increase alongside a 6.5% growth in active addresses in Q1 2025. Additionally, USDT stablecoin has gained 99.3% dominance on the network.

 

 

Source: Messari

TRX signals strength in the charts and its fundamentals. The coin could be poised for a price uptrend in the mid-term as bullish momentum strengthens.

With a 3.02% price upsurge in the past 24 hours, at press time, Tron signals high potential. Traders should observe the open interest and buying pressure at this support to understand Tron’s movement in the next few days.

 

 

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Chainlink(LINK) Faces Bearish Pressure at $12.5-What’s Next?

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Chainlink flashes signs of weakness as price fluctuates around the $12.5 zone. Will LINK break or make?

 

Chainlink price action suggests weak bullish momentum in the last 24 hours, as of press time. The altcoin has recently broken below multiple BOS (Break of Structure) and CHoCH ( Change of Character) levels, flashing bearish signals.

According to the analyst, BlockchainBaller on CoinMarketCap, traders are eyeing the $13 EQH (Equal High) as a resistance zone for LINK to break. If the bears pull strongly, Chainlink could retest the $11-$10 support and demand zone.

 

Source: CoinMarketCap

 

Following LINK’s technical setup, one should watch for the coin’s open interest, long-short ratio, and trading volume at the $12.5 zone. If Chainlink’s bulls step in with high buying pressure, the coin could see strengthened bullish momentum and break past $13, attempting a rally in the mid-term.

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Memecoin Mania:PumpFun and PumpSwap Hit $551.29 M 24H Volume

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The crypto meme coin frenzy could be back following all-green memecoin candlesticks on the charts and high trading volume in the past 7 days.

 

Meme coin hype could be crawling back in the crypto market as speculative trading gains renewed interest. In the past 7 days, memecoins flashed all-green candles on the charts with notable price surges, signalling a steady capital inflow.

According to Whale Insider, Pumpfun and PumpSwap platforms hit a combined new all-time high with $551.29 million in 24 hour trading volume.

 

So, what is driving the hype?

PumpFun and PumpSwap have made it easy for crypto enthusiasts to launch and trade their meme fantasies or ideas backed by an established Solana ecosystem and community. The availability of this tool at ease and the wide social media buzz around memes appeals to degen traders.

Additionally, the speed of on-chain transactions across the Solana ecosystem and affordable fees allow the launch of many memecoins on the platform in a single day, pushing the trading volume through the roof.

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Highest-ever Bitcoin Purchase in Q1-Corporations Bought 95,431 BTC!

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Corporate Bitcoin adoption is surging as companies buy 95,431 BTC in Q1, 2025, signalling heightened institutional confidence in crypto.

 

Bitcoin has found itself in the crypto spotlight on Tuesday, not only for hitting the $86k milestone, but also for the highest corporate acquisition in Q1 history over the years.

According to the latest report shared by Bitwise, institutions have recorded a total purchase of 95,431 BTC in Q1, 2025. Per the data, this marks BTC’s highest acquisition by large institutions in Q1 over the years.

 

Source: Bitwise

 

Bitcoin saw its first stages of Corporate interest during the COVID-19 pandemic period, following Strategy’s (formerly Microstrategy) 21,454 BTC purchase in August 2020 at $ 250 M. From treasury diversification to balance sheet reserves, BTC is spreading its wings in corporate finance.

Bitwise has noted this surge as a sign of increased investor confidence post-ETF approvals and clearer regulatory policies.

 

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