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  • FLOCK token surges amid Coinbase and Upbit listings

    FLOCK token surges amid Coinbase and Upbit listings

    • Flock, native to decentralized AI platform FLock.io, is one of the tokens to experience a notable price surge in the past 24 hours.
    • The FLOCK token is up double digits but rose over 150% amid listing on major exchanges Coinbase and Upbit.

    Flock token’s price rose from lows of $0.25 in early trading to hit highs near $0.69, gaining by over 150% as Coinbase and Upbit listed FLOCK on Base.

    The gains left bulls targeting highs last seen in January when FLOCK reached its all-time high of $0.89.

    However, profit taking has derailed this milestone as prices drop to lows of $0.47. Flock.io nonetheless still sports more 24-hour gains than LAUNCHCOIN and other top daily performers on the day.

    Coinbase and Upbit listings help FLOCK price soar

    FLOCK’s price rose as Coinbase added the decentralized AI platform’s native token to Coinbase DEX. The move ignited a price surge for FLock.io, with this happening within hours to see bulls propel from $0.25 to $0.69.

    “Big news for DeFi traders! $FLOCK is officially listed on Coinbase DEX and Coinbase Markets. You can now transfer $FLOCK from Base and trade it on Coinbase. Another step forward for decentralized AI,” FLock.io posted on X.

    Meanwhile, Coinbase also announced support for FLOCK on Base as it added trading support for SPX6900 (SPX) on the Ethereum network.

    The exchange said transfers for the two assets will be available on Coinbase  and Coinbase Exchange in the regions where it offers trading support, with trading set to go live on or after 9AM PT on September 9, 2025 subject to liquidity conditions being met.

    SPX-USD and FLOCK-USD trading pairs are set to launch in phases, the exchange said.

    Trading support for FLOCK on Coinbase saw the token’s trading volume spike amid heightened demand. Per CoinMarketCap, the daily volume for Flock jumped by more than 2,600% in 24 hours to over $339 million.

    It’s a scenario that unfolded as South Korea’s leading exchange Upbit also announced the listing of FLOCK on Base.

    This triggered further gains for the token, which rose  more than 150%. Upbit’s support for FLOCK trading pairs in the Korean Won (KRW) market could add to a fresh surge in volume.

    What does this mean for FLOCK price?

    The dual listings have amplified FLOCK’s visibility and liquidity, likely positioning the project for fresh adoption. Focus on privacy-preserving federated learning and blockchain-based data sovereignty resonates with industries like healthcare and finance, where secure AI model training is key.

    Flock’s gains come amid a robust initiative that has seen the FLock Foundation lock millions of FLOCK, helping the project’s long-term vision and growth.

    “By locking for the max period, we’re showing our commitment to building lasting value alongside the FLock community,” Flock Foundation said.

    Staking support and the latest rapid price spikes suggests FLOCK’s sustained growth could continue. Key price levels to watch include $0.40 and $0.70.

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  • LAUNCHCOIN price pump leads to $4m loss for crypto trading firm

    LAUNCHCOIN price pump leads to $4m loss for crypto trading firm

    • Launch Coin on Believe price rose suddenly, jumping 60% to highs of $0.118.
    • Gains saw a surge in liquidations, with crypto trading firm.

    Launch Coin on Believe (LAUNCHCOIN) price surged nearly 60% in early trading on Tuesday, with the altcoin’s sudden pump leading to significant losses for shorts.

    The token’s rapid price increase also triggered a cascade of liquidations, with on-chain data showing a liquidity provider suffered losses of over $4 million.

    Launch Coin on Believe price sees sudden 60% pump

    Cryptocurrencies like Worldcoin and MYX Finance are riding bullish news to top gainers charts over the past 24 hours. Meanwhile, small cap token LAUNCHCOIN is also attracting social chatter.

    As noted, the Launch Coin on Believe price experienced a sharp price surge amid a nearly 60%  spike. Trading around $0.076 in early deals during the Asian session, LAUNCHCOIN suddenly pumped to $0.132.

    LAUNCHCOIN chart by TradingView

    This sudden jump accounted for a 60% rise that hit many traders betting on a continued consolidation or downturn.

    With intense buying pressure, driven by speculative trading and potential market manipulation, LAUNCHCOIN saw its daily trading volume skyrocket.

    According to CoinGecko, the rapid ascent pushed volume on centralized crypto exchanges such as LBank and Bitget 540% up, and stood around $255 million in 24 hours.

    The more than fourfold increase in volume from the day before attests to the sharp uptick in market activity.

    $4 million loss amid cascade of liquidations

    While buyers celebrated the meteoric price surge, LAUNCHCOIN’s gains saw a notable market player suffer significant losses.

    According to analytics account Lookonchain, a wallet linked to the market maker GSR suffered one of the biggest losses as the token’s price rose.

    The wallet, shown to have been hedging a short position on LAUNCHCOIN, was fully liquidated. It meant a loss equivalent to $4 million as GRS Market’s other positions saw a cascade of liquidations on decentralized exchange Hyperliquid.

    As liquidation on LAUNCHCOIN’s gains hit the leveraged positions betting against a price increase, other positions too were wiped out. Lookonchain notes GRS Market’s other short positions caught in the carnage included Mantle, Popcat, Chainlink and Lido DAO.

    “The liquidation of #GSRMarkets’ short position triggered a domino effect, wiping out their other shorts on $MNT, $POPCAT, $LINK, and $LDO, and zeroing out the account,” Lookonchain posted.

    LAUNCHCOIN’s price currently hovers around $0.091, slightly off its intraday high. The $0.08 level, above which bulls took charge for the spike, is likely to be critical if price falls further.

    As LAUNCHCOIN looks for a decisive move, analysts say the event highlights how the cryptocurrency trading market can offer opportunity but also be a brutal arena with fortunes shifting in an instant.

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  • Somnia (SOMI) price soars post mainnet launch amid numerous partnerships

    Somnia (SOMI) price soars post mainnet launch amid numerous partnerships

    Mantle Price Bullish

    • Somnia is a SoftBank-backed Improbable’s Layer 1 blockchain network.
    • Somnia’s token price is rallying after 10 billion testnet transactions and the mainnet launch.
    • Somnia has partnered with ZNS Connect for .somnia domains and decentralised identity tools.

    Somnia (SOMI) token has seen a dramatic upswing in value, climbing more than 40% in the past 24 hours and marking a significant step for one of the newest entrants in the blockchain space.

    With strong trading volume and multiple partnerships fueling momentum, SoftBank-backed Improbable’s Layer 1 is emerging as a serious contender in the Web3 arena.

    Why is the price of Somnia cryptocurrency rising?

    Somnia (SOMI) is currently trading around $1.60, with a market cap of more than $260 million.

    At its peak, Somnia touched an all-time high of $1.84, only days after hitting an all-time low of $0.38.

    This sharp swing highlights the intense market activity surrounding the project, amplified by trading volumes that surpassed $898 million within 24 hours.

    Somnia’s surge can be traced back to the successful launch of its mainnet six days ago.

    The mainnet launch came after the network processed more than 10 billion testnet transactions, a figure that signalled both the robustness and scalability of its underlying technology.

    The mainnet launch generated strong market confidence, which quickly translated into a rally in SOMI’s value as investors rushed to secure early positions.

    Beyond the technical milestones, Somnia’s partnerships are also proving to be a strong catalyst for price growth.

    The network recently announced its collaboration with ZNS Connect to create decentralised identity solutions.

    Through this partnership, users can mint .somnia domains, deploy smart contracts, and interact directly on-chain.

    Notably, the integration of identity with utility has added a layer of uniqueness that makes the ecosystem more attractive to both developers and users.

    Another crucial boost came from Somnia’s partnership with TheResidncy, a platform that connects sports fans with their favourite athletes through interactive live events.

    In just six sessions, the collaboration attracted over 121,000 unique fans, peaking at 22,000 concurrent participants and recording 245,000 messages and reactions — all processed fully on-chain via Somnia.

    This not only demonstrated the network’s ability to scale under heavy demand but also introduced a compelling real-world use case that resonates with global audiences.

    Somnia price outlook

    With the token’s price climbing more than 300% from its lows and trading activity showing no signs of slowing, the short-term outlook appears bullish.

    The project has successfully combined market excitement with clear utility, which is often a critical factor in sustaining long-term growth.

    However, as with most emerging cryptocurrencies, volatility remains a key consideration.

    The price is just under its record high, and profit-taking could cause sharp swings in the days ahead.

    Nevertheless, the fundamentals — particularly the network’s capacity to handle large-scale activity and its focus on identity-driven Web3 experiences — provide a strong foundation for continued expansion.

    The back-to-back partnerships are also setting it apart in a crowded market.

    If the platform can maintain its momentum and deliver on its roadmap, the SOMI token may continue to attract investor interest well beyond its post-launch rally.

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  • Myx Finance (MYX) price continues to rise despite insider manipulation fears

    Myx Finance (MYX) price continues to rise despite insider manipulation fears

    Myx Finance (MYX) price continues to rise

    • Myx Finance (MYX) hits $4.20 after a 160% daily surge with record trading volumes.
    • Analysts have flagged token unlocks and whale-driven short squeezes as red flags.
    • The Myx Finance V2 upgrade hype and new exchange listings are fueling the bullish market sentiment.

    The price of Myx Finance’s native token, MYX, has surged to fresh highs, making it one of today’s top gainers in the crypto market.

    The price surge comes as excitement builds around the platform’s forthcoming protocol upgrade, even as traders and analysts voice growing concerns about insider activity and manipulation.

    Myx Finance token price hits new ATH

    MYX climbed as high as $4.20 on September 8, marking a new all-time high and cementing its place among the day’s top gainers.

    MYX Finance price chart

    The rally has been extraordinary in scale, with the token jumping more than 160% in the past 24 hours and over 260% during the last week.

    Notably, the token’s market capitalisation has risen above $520 million, while fully diluted valuation now exceeds $4 billion.

    The trading activity behind the rally has also been notable.

    In a single day, MYX registered more than $328 million in trading volume, a sharp increase compared to earlier in the month.

    The derivatives market has been even more heated, with perpetual futures volumes reported at more than $4 billion and open interest more than doubling, according to data from Coinglass.

    MYX fiannce futures open interest

    Together, these numbers point to speculative traders piling in, pushing leverage and volatility higher.

    Hype builds around Myx Finance’s V2 upgrade

    Part of the optimism stems from the upcoming launch of Myx Finance’s V2 upgrade.

    The new version promises features such as zero-slippage trading, cross-chain support, and a more seamless user experience.

    Supporters argue these improvements could make MYX a stronger rival to established decentralised exchanges.

    Interestingly, the upgrade hype has coincided with fresh listings on larger exchanges, including Binance Alpha, which has boosted liquidity and widened access to the token.

    Reports of institutional wallets accumulating MYX ahead of the update have further fueled confidence.

    This combination of technical improvements and stronger market access has helped sustain bullish momentum, even as critics warn that the price is running ahead of fundamentals.

    Concerns over insider activity

    As the MYX token continues to rise, questions have arisen about the sustainability of the rally as several developments cause concerns.

    One of the issues under scrutiny is the timing of the recent 39 million token unlock that coincided almost perfectly with the price surge, raising questions about whether early holders were using the retail rush to offload holdings.

    In addition, several analysts have flagged red flags that point to manipulation.

    Commentators such as Dominic, a well-followed Web3 analyst, argue that whales deliberately triggered short squeezes to push the price higher and liquidate leveraged positions.

    In support of the concerns raised by Dominic, Coinglass’ liquidations data shows that more than $13.77 million worth of shorts were wiped out in a single day, creating forced buying pressure that exaggerated the rally.

    On-chain data has also shown coordinated buying across exchanges, with multiple small trades funnelled into central wallets — a pattern consistent with wash trading.

    Notably, the current occurrences mirror earlier episodes in the project’s history.

    In August, MYX gained nearly 2,000% before crashing more than 60% in the weeks that followed; a pattern reminiscent of the collapse of Mantra earlier this year, when suspected insider activity triggered a sudden 90% crash in a single hour, erasing billions in value.

    MYX Finance price outlook

    Despite these warnings, not all data points to an imminent collapse.

    Some monitoring groups have noted that whales have not yet engaged in large-scale sell-offs, suggesting they may be content to hold their positions for now.

    This has lessened immediate concerns of a mass exodus, although the risk remains high.

    However, for retail traders, the split in market opinion creates uncertainty.

    On one hand, MYX has real momentum, with an upgrade that could expand its utility and strengthen its position in decentralised finance.

    On the other hand, the heavy reliance on leveraged trading, the suspicious timing of token unlocks, and the echoes of past pump-and-dump activity mean the asset carries significant risks.

    Whether the MYX price surge proves to be a sustainable breakout or a prelude to another steep correction will likely depend on how much of the current momentum is driven by genuine demand — and how much by insiders looking for an exit.

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  • Bitcoin treasury purchase size collapses 86%, data shows

    • Total BTC treasury holdings have hit a record high of 840,000 BTC.
    • However, the average purchase size has collapsed by a staggering 86 percent.
    • This waning demand was the key driver of the Q2 Bitcoin rally.

    They were the heroes of the last great rally, the talk of the town at the recent BTC Asia conference, their voracious appetite for Bitcoin single-handedly driving the market to new heights.

    But a shadow has fallen over the world of the corporate Bitcoin treasury.

    A new report reveals a worrying trend beneath the surface: while their total holdings are larger than ever, their conviction, measured by the size of their buys, has collapsed.

    The great contradiction: more players, smaller bets

    The on-chain data, laid bare in a new report from CryptoQuant, tells a tale of two conflicting truths.

    On one hand, the aggregate Bitcoin treasury holdings have surged to a record 840,000 BTC, a war chest led by the titan Strategy, which holds 637,000 BTC. Transaction activity also remains near record levels, with 46 deals in August alone.

    But on the other hand, the average size of these purchases has fallen off a cliff. Strategy bought just 1,200 BTC per transaction in August, while other firms averaged a mere 343 BTC.

    Both of these figures are down a staggering 86 percent from their peaks in early 2025. In total, Strategy acquired only 3,700 BTC in August, a whisper compared to the 134,000 BTC it bought at its peak last year.

    This is not the behavior of a market brimming with confidence; it is the sign of smaller, more hesitant buys, a clear signal of liquidity constraints or waning conviction.

    The ghost of rallies past

    This dramatic slowdown is a major concern for investors because it was the relentless engine of treasury accumulation that drove Bitcoin’s spectacular price growth in the second quarter.

    As CoinDesk reported at the time, by late August 2025, institutions were absorbing more than 3,100 BTC a day against a mere 450 being mined.

    This created a powerful 6-to-1 demand-supply imbalance that sent prices soaring.

    Now, that engine is sputtering. This slouching demand raises the critical risk that the market’s current price strength may not be sustainable if the giants of the space continue to nibble cautiously rather than devour at scale.

    A new hope? The rise of Asia’s treasury front

    But as the Western giants grow hesitant, a new front in the treasury movement is opening in the East.

    According to a Bitwise report, 28 new treasury companies were formed in July and August alone, collectively adding over 140,000 BTC to their coffers.

    More significantly, Asia is emerging as the next major battleground. Taiwan-based Sora Ventures has launched a massive 1 billion dollar fund specifically to seed new regional treasury firms, with an initial commitment of 200 million dollars.

    This new vehicle will pool institutional capital to support a fresh wave of entrants, a different model from the region’s current largest player, Metaplanet.

    The stage is now set for a fascinating and pivotal confrontation.

    The central question that will define the next phase of Bitcoin adoption—and its price—is whether this new, hungry wave of Asian treasuries can offset the shrinking appetite of the incumbents who first blazed the trail.

    Market updates

    BTC: Bitcoin remains resilient for now, trading in the 110,000–113,000 dollar range. The price is being supported by broad expectations of Federal Reserve rate cuts and continued, if smaller, institutional inflows via ETFs.

    ETH: Ethereum is trading near the 4,300 dollar level. Its recent weakness, marked by a 3.8 percent weekly decline, is being attributed to ETF outflows and the historically subdued trading that characterizes “Red September.”

    However, its longer-term outlook remains positive, buoyed by deep institutional interest and growing staking activity.

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  • Sui price prediction after SUI Group Holdings’ $332m token grab

    Sui price prediction after SUI Group Holdings’ $332m token grab

    Sui is trading up as bulls continue the uptick seen since SUI Group Holdings’ recent acquisition of 20 million SUI tokens.

    As the company boosted its treasury to over $332 million, Sui prices jumped amid optimism about the future of SUI.

    The altcoin is up from lows of $3.12 this week and could explode as the crypto market eyes a Q4 rebound.

    Sui price surge – key bet by SUI Group Holdings

    Although gains in the past 24 hours and week are below 3%, analysts are bullish about SUI following recent activity.

    The token, which  currently stands at $3.41, with a 24-hour trading volume of $806 million according to CoinMarketCap, also has open interest at $12.19 billion to indicate trader confidence.

    As this happens, the recent purchase of 20 million SUI tokens by SUI Group has added to short term optimism.

    The company’s holdings of 101.8 million tokens are a move that hints at strong confidence in the project’s future.

    “Since the initiation of our SUI treasury strategy in late July, we have expeditiously accumulated over 100 million SUI, underscoring our conviction in the transformative potential of the SUI blockchain and its critical role in the future of decentralized finance,” said Stephen Mackintosh, Chief Investment Officer of SUI Group.

    Accumulation executed through a discounted deal with the Sui Foundation has sparked discussions about a potential price surge, building on the bullish momentum.

    The recent treasury boost is seen as a catalyst, potentially pushing the price toward $4.00 within the next quarter if market conditions remain favorable, which further strengthens SUI’s fundamentals, attracting long-term investors.

    Sui price volatility

    Despite the optimism, the crypto market’s volatility encounters challenges as analysts caution that whale activity, like SUI Group’s, might lead to short-term price swings, with a possible dip to $3.00 if selling pressure mounts.

    Buyers appear willing to step in repeatedly, reinforcing the base if the price finally cracks, with the structure favouring a swift climb as liquidity thins above.

    In this case, the Sui price could explode above $4.00, with targets above $5.00 in the short term.

    Sui chart by TradingView

    However, the SUI Group’s cash reserves  for further acquisitions signal a commitment to growth, potentially stabilizing the token.

    As the crypto community reacts with enthusiasm, with users heaping praise on the treasury strategy move, the main target will be on what this means for the long term price outlook.

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  • RedStone price spikes 55% amid Upbit listing

    RedStone price spikes 55% amid Upbit listing

    RedStone Price

    • RedStone’s price rose 55% as the 24-hour trading volume surged to $418 million.
    • The project’s token soared after Upbit announced trading support for RED.
    • RED price could surge to $1 or find support around $0.50.

    RedStone (RED), a leading decentralised finance oracle infrastructure provider, has experienced a significant price surge of 55% in the past 24 hours.

    While the price increase mirrors the rest of the market’s bounce, RED has surged after Upbit, South Korea’s largest crypto exchange, announced trading support.

    The announcement, made on Sept. 5, ignited excitement among traders and DeFi enthusiasts, pushing RedStone’s price to above $0.78.

    RedStone price jumps 55% as Upbit lists RED

    The price of RedStone skyrocketed to $0.78 on Friday, following its listing on Upbit.

    Other platforms like Bithumb also saw newly-listed tokens explode.

    According to CoinMarketCap, RedStone rose from lows of $0.47 to $0.78, which represents a notable 55% increase within 24 hours.

    This was accompanied by a trading volume of $418 million, which had jumped by over 800% at the time of writing.

    RedStone chart by CoinMarketCap

    The surge comes on the heels of Upbit’s official announcement to support RED/KRW trading, with the market opening at 17:00 KST.

    RedStone’s team, via their X account, celebrated the listing with a post highlighting the availability of RED/KRW on Upbit.

    The post also teased upcoming events in Seoul, including the Korea Blockchain Week (KBW) and side events like the Hyperliquid hackathon and XRP Seoul, signalling the project’s active engagement with the crypto community.

    This move fueled trader confidence in RED, with South Korea a market known for its robust trading activity.

    RedStone price forecast

    RedStone, which provides modular oracle infrastructure for DeFi protocols and secures over $10 billion in assets, aligns with Upbit’s focus on innovative projects, further driving the price jump.

    Recently, RedStone acquired DeFi ratings provider Credora, which will boost the platform’s expansion efforts.

    Commenting on the acquisition, RedStone noted via X:

    “This brings TradFi-grade risk assessment to DeFi. It positions RedStone to play a role in decentralised markets similar to what S&P or Moody’s has long provided in traditional finance, a trusted framework for understanding and pricing risk.”

    The 55% spike also reflects broader market dynamics, with protocols like Compound, Lido, and Pendle also posting gains.

    While the bullish trend is evident, with Bitcoin showing higher lows, September’s historical reputation as a challenging month for assets like BTC could introduce short-term fluctuations.

    Analysts suggest that sustaining the current momentum will depend on RedStone’s ability to leverage Upbit’s platform and deliver on its event promises.

    For now, RED must hold above $0.60 to maintain the upside momentum.

    Conversely, the token’s price could drop to $0.50 or lower.

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  • Bithumb listing sends the price of Euler (EUL) price flying

    Bithumb listing sends the price of Euler (EUL) price flying

    Bithumb lists Euler (EUL)

    • The Euler (EUL) price has surged over 30% after Bithumb confirmed KRW trading.
    • Euler’s TVL hit $1.52B, marking rapid DeFi growth in 2025.
    • Coinbase and Pendle integrations have boosted Euler’s ecosystem momentum.

    Bithumb, South Korea’s second-largest cryptocurrency exchange, has announced that trading for Euler (EUL) will begin today at 5:00 pm Korean Standard Time.

    The news has sent the EUL price surging more than 30% within hours, with intraday fluctuations taking the token from lows of $9.25 to as high as $13.33.

    By press time, the token was hovering around $13.02, still up more than 30.6% from the previous day.

    Euler price chart

    Besides impacting the altcoin’s market price, the listing also fueled an immediate spike in trading activity.

    EUL’s daily volumes jumped nearly 292%, reaching $9.58 million, with a significant portion of the trades taking place on Asian exchanges.

    Notably, this surge in key market metrics has positioned EUL among the day’s top gainers in the global crypto market, drawing attention to a project that had already been gathering momentum throughout 2025.

    Expanding ecosystem and new integrations

    The listing comes at a time when Euler has been expanding its ecosystem with new products and integrations.

    In early August, the token was listed on Coinbase, a move that gave US investors easier access to the protocol.

    Euler also unveiled EulerEarn, a passive yield strategy backed by $50,000 in USDC incentives in August.

    Euler has also introduced isolated ETH markets on Linea, an Ethereum layer-2 network designed to boost scalability and cut transaction costs.

    More recently, it integrated with Pendle, unlocking additional yield opportunities for decentralised finance users.

    Today, the protocol is also celebrating its first anniversary of its V2 upgrade, which included the launch of the Euler Vault Kit, a modular system for creating customised lending markets.

    These developments highlight the project’s ongoing effort to cement its role in a competitive sector.

    According to data from DeFiLlama, Euler’s total value locked has reached $3 billion, a sharp rise from just $100 million at the start of 2024.

    This growth reflects a surge in user adoption and positions the protocol among the more dynamic projects in the decentralised finance sector.

    Revenues and fees collected by the network have also increased more than fivefold this year, according to Token Terminal.

    Euler (EUL) price analysis points to a bullish momentum

    From a technical perspective, Euler’s momentum remains bullish.

    Notably, the sharp price surge pushed EUL above its upper Bollinger Band, a signal of strong market demand but also of potential overextension.

    The Relative Strength Index now stands at 67, just below overbought levels, while moving averages across 10, 20, and 30 days remain aligned in a bullish pattern.

    If the current rally continues, EUL could retest its July peak of $15.81 in the coming weeks.

    However, traders should be cautious of profit-taking, which could drive the token back into the $10.50 to $11.00 range in the near term.

    Euler Finance network growth

    The price rally lifted Euler’s market capitalisation to roughly $242 million, while its fully diluted valuation stood at about $353 million.

    But despite the gains, the token remains nearly 20% below its all-time high of $15.81, reached on July 11.

    According to the market outlook, although the sentiment remains firmly positive, the resistance at the current price level could prove difficult to break in the short term.

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  • Cardano price prediction as retail sentiment flips bearish

    Cardano price prediction as retail sentiment flips bearish

    Cardano Price

    • Cardano price hovers near key support as optimistic crowd flips bearish.
    • Sentiment is at its lowest in five months, but ADA price is holding up.
    • The downswing could allow whales to come in and catalyse fresh gains.

    Cardano (ADA) price has failed to break above the notable resistance level around $0.84 as analysts point to a shift in retail trader sentiment.

    After surging alongside top altcoins to highs of $1.23 in December 2024, Cardano has found it hard to regain momentum, with short retail sentiment allowing bears to push ADA below $1 and to the $0.80 support level.

    But what does a shift in sentiment mean for Cardano price?

    ADA dips to key support amid retail sentiment slip

    Cardano remains among the top 10 coins by market cap, but is currently down more than 6% in the past week amid a significant change in retail trader sentiment.

    ADA enjoyed a bullish commentary ratio in August as the price rose to above $1, with this coming on the back of a sharp pullback earlier in the month.

    Per analysts at on-chain metrics platform Santiment, the retail outlook has again swung bearish, with a bullish-to-bearish commentary ratio of 1.5:1, the most negative the crowd sentiment has been in five months.

    Santiment’s data, which highlights social media activity and comments, suggests gains follow such dips in retail sentiment.

    Notably, this bearish sentiment has been a catalyst for a 5% price rebound thus far, with ADA price eying a fresh breakout.

    “Cardano has quietly seen its normally optimistic crowd start to turn bearish. After the lowest sentiment recorded in 5 months, $ADA’s price is +5%. Patient holders and dip buyers during this three-week downswing should root for this trend of bearish retailers to continue,” Santiment posted on X.

    Bulls are thus trying to keep the $0.80 support level intact.

    Cardano retail sentiment swings bearish: Source: Santiment on X

    Cardano price prediction

    The flip in retail sentiment has sparked optimism among analysts regarding Cardano’s price trajectory.

    According to Santiment, hodlers and dip buyers may want to position further ahead of a potential price rally.

    Historically, bearish retail sentiment has offered an ideal accumulation phase for whales, in this case, the outlook that could potentially drive ADA’s price upward.

    “Prices typically move the opposite direction of the crowd’s expectations. When small traders sell off their bags out of impatience and frustration, it is generally the key stakeholders who accumulate and drive up prices again,” the analysts noted.

    However, while short-term volatility is expected, Cardano may yet experience an extended pullback.

    Broader market conditions and whale activity will provide signals, while traders may have to look at the technical picture.

    As the market is largely weak amid September woes, ADA price could revisit support around $0.69 and $0.54.

    On the upside, a breakout above $0.84 will allow buyers to aim for the psychological $1 level and $1.24. The all-time high is at $3.10.

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  • Crypto update: Why Bitcoin is stalling while Ethereum eyes a breakout

    Crypto update: Why Bitcoin is stalling while Ethereum eyes a breakout

    Crypto update: Why Bitcoin is stalling while Ethereum eyes a breakout

    • A major split is emerging between Bitcoin and Ethereum in the market.
    • Bitcoin is acting as a macro hedge, holding steady around $112,000.
    • Traders are actively positioning for upside in Ethereum, eyeing $5,000.

    A profound and telling split has fractured the cryptocurrency market.

    Bitcoin, the long-reigning king, has settled into a stoic holding pattern, a defensive fortress against the gathering storms of macroeconomic uncertainty.

    But the real action, the aggressive positioning for explosive growth, is happening in a different court.

    A great rotation is underway, and traders are increasingly placing their bets on a new champion to lead the charge into September: Ethereum.

    The fortress: Bitcoin as a macro hedge

    Bitcoin is currently stuck in consolidation, trading near $112,000. But its lack of upward momentum is, paradoxically, part of its emerging narrative.

    It is increasingly being treated not as a speculative growth asset, but as a steady macro hedge, a digital counterpart to gold.

    This view is being driven by the deep uncertainty emanating from Washington.

    In a recent note, QCP Capital wrote that persistent doubts about the Federal Reserve’s independence are keeping risk premiums elevated, a dynamic that weakens the dollar and directly supports hedges like Bitcoin and gold.

    The options market tells a similar story of defense.

    Flowdesk reported muted implied volatility in Bitcoin, suggesting traders are positioning for stability, not a breakout.

    The skew remains negative, meaning puts are expensive—a clear sign that the market is paying a premium for downside protection.

    The spearhead: Ethereum as the engine of ascent

    While Bitcoin holds the defensive line, Ethereum is being positioned as the market’s spearhead. This is where traders see the real potential for a September breakout.

    The data is clear: ETH risk reversals have recovered sharply from their recent selloff, indicating a renewed and aggressive demand for upside exposure.

    Prediction markets are validating this theme with real-money bets. Polymarket sentiment shows traders expect Bitcoin to remain capped near $120,000, while giving Ethereum a strong chance of breaking the coveted $5,000 mark.

    This view is consistent with its powerful 20 percent rally over the past month and the surging institutional interest being funneled through ETF inflows.

    The widening rebellion

    This rotation is not just a two-horse race. The renewed appetite for risk is broadening, with capital flowing into a wider array of altcoins. Solana (SOL) options have seen a surge in activity, with flows heavily skewed to the upside.

    At the same time, spot activity has rotated into so-called “ETH beta” names like AAVE and AERO, as well as “SOL betas” like RAY and DRIFT.

    This is a crucial sign that market breadth is improving, as conviction spreads beyond the majors.

    The market is sending a clear, if complex, signal. The macro chaos is reinforcing Bitcoin’s role as a hedge against inflation and institutional decay.

    But the momentum, the capital flows, and the speculative energy are all gathering in the court of its challenger.

    The stage is set for a fascinating and potentially volatile September, where the fortress and the spearhead will finally have their mettle tested.

    Market updates:

    BTC: Bitcoin remains in a consolidation phase around the $110,000–$112,000 range, marked by waning short‑term volatility.

    ETH: ETH is trading near $4,400. Its rally is being fuelled by surging institutional interest, especially via ETF inflows, and anticipation surrounding the upcoming Fusaka network upgrade.

    Gold: Gold is trading around record highs, propelled by expectations of an imminent Federal Reserve rate cut (markets now price in about a 92% chance), weakening confidence in Fed independence, and increased demand from conviction buyers like ETFs and central banks.

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