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Tag: Gains

  • ZKsync price jumps above $0.06 with 87% weekly gains amid major token utility overhaul

    ZKsync price jumps above $0.06 with 87% weekly gains amid major token utility overhaul

    ZKsync Price Gains

    • ZKsync price gained by 11% and hit a high of $0.068.
    • Gains came as bulls hold steady and weekly uptick climbs to 87% amid Atlas upgrade.
    • ZKsync has also received endorsement from Ethereum co-founder Vitalik Buterin.

    ZKsync surged by more than 11% in intraday gains on November 5, 2025 to hit highs above $0.068 as upbeat sentiment held.

    With key announcements regarding major enhancements to ZK token utility, the altcoin’s price has extended gains to over 87% in the past week.

    Renewed interest in the token has also come amid a key boost by Ethereum co-founder Vitalik Buterin.

    ZKsync price extends weekly gains to 87%

    Despite a widespread downturn in the cryptocurrency market, ZKsync’s ZK token has demonstrated impressive strength.

    Bulls defied the crash to reach new highs of $0.068, with an 11% price increase that also boasted a 21% spike in daily trading volume for ZK.

    Per CoinMarketCap, ZKsync’s daily volume hit an impressive $499 million over the past 24 hours.

    Like Aster, Bitget Token and Hyperliquid, ZK Bulls are showing resilience. It trades near $0.061, off intraday highs but still above session lows of $0.049.

    Analysts suggest that ZK’s ability to hold steady as trading volumes remain elevated may allow bulls to target $0.10, a level last seen in March.

    Notably, ZK has traded in a downtrend since rejecting highs of $0.26 in early December, 24..

    ZKsync token to get major utility overhaul

    The catalyst behind ZK’s recent rally looks to be the community’s reaction to a proposed upgrade that seeks a comprehensive overhaul of ZK token utility.

    Atlas upgrade brings this possibility, a major enhancement set to amplify the ZK token’s functionality.

    By expanding the token’s use cases, the upgrade aims to create a more robust economic model, where ZK serves not only as a governance tool but also as a conduit for value accrual from off-chain activities.

    “This proposal presents a high-level direction for $ZK token utility,” said Alex Gluchowski, founder of ZKsync and CEO of Matter Labs.

    He elaborated on the strategic intent, noting that the changes are designed to unify on-chain and off-chain value flows.

    “Under this proposal, value generated from such enterprise components would flow into the same governance-controlled mechanism as on-chain value. In practice, this means establishing structures through which licensing-based revenue can return to the network and enter the same ZK buyback and allocation pathways, preserving a single unified economic loop,” the ZKsync co-founder noted.

    Also buoying ZKsync price this past week has been a recent endorsement from Ethereum co-founder Vitalik Buterin.

    Buterin’s public support has added significant credibility, emphasizing the protocol’s alignment with Ethereum’s scaling vision and its potential to drive mass adoption.

    The Ethereum co-founder has long advocated for zero-knowledge technology, which is ZKsync’s focus.

    As the ecosystem matures, stakeholders anticipate increased DeFi activity.

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  • ZIGChain eyes gains as Nasdaq-Listed SEGG Media backs ZIG

    ZIGChain eyes gains as Nasdaq-Listed SEGG Media backs ZIG

    ZIGChain And Nasdaq Logo

    • ZIGChain price was up nearly 3% as bulls targeted $0.1.
    • Gains came as SEGG Media announced plans to buy ZIG as part of a $300 million treasury strategy.
    • Institutional investors could enhance ZIG’s credibility.

    ZIGChain price hovers near $0.08, but could target key levels as a significant development emerges from the intersection of traditional finance and web3 innovation.

    Nasdaq-listed SEGG Media Corporation announced a bold $300 million strategic initiative to integrate blockchain technology into its sports and entertainment operations.

    SEGG plans a notable focus on accumulating ZIG, the native token of ZIGChain.

    SEGG Media to buy ZIG from $300 million treasury strategy

    SEGG Media (formerly Lottery.com Inc.) has disclosed an ambitious plan to allocate a portion of its newly established $300 million Digital Asset Treasury toward acquiring ZIG.

    The strategy dedicates 80% of the treasury to a multi-asset crypto portfolio.

    It includes Bitcoin, with validator-based income generation on networks like Ethereum, Solana, and ZIGChain.

    The remaining 20% will be used for acquisitions.

    SEGG also targets pilot programs for tokenizing assets such as athlete intellectual property and fan stakes.

    More in store for the benefit of ZIGChain

    A memorandum of understanding with ZIGChain outlines a collaborative effort to tokenize SEGG Media’s sports and entertainment businesses.

    The firm plans to leverage ZIGChain’s infrastructure for real-world asset tokenization.

    The partnership also aims to launch a trading platform on Sports.com and Concerts.com, enabling tokenized teams, bands, and events.

    SEGG Media’s CEO, Matthew McGahan, has emphasized the company’s mission to bridge traditional markets with blockchain innovation.

    ZIGChain’s founder, Abdul Rafay Gadit, also highlighted the milestone this represents for institutional blockchain adoption.

    ZIGChain price: How high can ZIG go?

    The strategic accumulation of ZIG by a Nasdaq-listed entity like SEGG Media has sparked speculation about the token’s price trajectory.

    ZIG is currently trading at $0.086, according to CoinMarketCap data, with a 24-hour trading volume of $2.48 million.

    While the price has tanked towards new year-to-date lows since flipping from highs of $0.12 in April, ZIG remains well above the all-time lows of January 2023.

    ZIGChain Price
    ZIG chart by CoinMarketCap

    Mainnet launch, which occurred recently, has the network eyeing growth.

    Just a month into the mainnet launch, ZIGChain has recorded over 1 million transactions.

    More significantly, the involvement of a $300 million treasury could inject significant liquidity into the ZIGChain ecosystem, potentially driving demand and price appreciation.

    If SEGG Media’s allocation mirrors the enthusiasm seen in related trends, ZIG could see a short-term surge to mirror current outperformers.

    A retest of $0.10 could allow bulls to aim for $0.12 and potentially $0.15.

    Buyers reached these highs in December 2024.

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  • ai16z gains as Binance announces AI16Z to ELIZAOS token swap

    ai16z gains as Binance announces AI16Z to ELIZAOS token swap

    ai16z-price-gains

    • AI16Z price has spiked more than 11% in the past 24 hours to hit $0.069.
    • Gains come amid Binance support for AI16Z to ELIZAOS token swap.
    • ElizaOS is an AI project that rebranded from ai16z in January.

    AI16Z price is up by more than 11% in the past 24 hours and currently ranks among the altcoins defying broader cryptocurrency market downside pressure.

    In the last 24 hours, altcoins such as Zcash and GHOST have gained as the privacy-coin narrative persists.

    ai16z has also gained and is among the digital tokens that are looking to thrive on the back of major network support.

    Binance to support AI16Z to ELIZAOS token swap

    One of the likely catalysts for ai16z price in the past 24 hours appears to be Binance’s endorsement of the AI16Z to ELIZAOS token swap.

    The exchange, the world’s largest by trading volume, is set to suspend AI16Z trading on its Binance Alpha platform on November 6, 2025.

    According to details, the brief halt in trading will allow the exchange to facilitate the transition.

    Specifically, Binance will support the token swap at the ratio of 1 AI16Z to 6 ELIZAOS.

    “At 2025-11-06 10:00 (UTC), deposits of AI16Z tokens to Binance Alpha 2.0 Accounts will be suspended. Users should ensure they leave sufficient time for their AI16Z deposits to be fully processed prior to this time. After the event is complete, deposits of AI16Z will no longer be supported,” Binance wrote.

    Trading of the elizaOS (ELIZAOS) token will resume at 2 pm UTC on Nov. 7, with users also able to deposit to their accounts.

    What is ElizaOS?

    ElizaOS began as the memecoin ai16z (AI16Z) inspired by the tech venture capital firm Andreessen Horowitz (a16z).

    However, it has since transitioned to become one of the leading agentic operating systems, rebranding from ai16z to ElizaOS in January 2025.

    The project’s token is issued on Solana’s network and allows for ElizaOS governance, AI agents payments and ecosystem rewards.

    ElizOS leverages decentralized governance via its decentralized autonomous organization model and features AI-driven governance.

    AI16Z price outlook

    The token is also up amid a broader bullish outlook for artificial intelligence-related cryptocurrencies, with AI16Z price up more than 17% this past week.

    Bulls have pushed this token from intraday lows of $0.055 to above $0.069.

    If bullish momentum holds, the altcoin could target October 2025 highs above $0.10.

    AI16Z Price Chart
    AI16Z chart by CoinMarketCap

    Daily volume is up 49% to over $62 million. Meanwhile, AI16Z has a total supply of 1.1 billion tokens, with a market cap of $76.4 million.

    Given, some coins are seeing fresh momentum despite Bitcoin’s crash to lows of $106k on Thursday.

    While the benchmark digital asset has since recovered to around $110,000 in early trading Friday, it is in the red on the day.

    Top alts Ethereum, XRP and Solana are also battling as bulls attempt to reclaim key price zones.

     

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  • Battle for a green month: Can Bitcoin hold its gains as ‘Uptober’ comes to a close?

    Battle for a green month: Can Bitcoin hold its gains as ‘Uptober’ comes to a close?

    Battle for a green month: Can Bitcoin hold its gains as 'Uptober' comes to a close?

    • Bitcoin is fighting to close October in positive territory, a key historical signal.
    • The month has been highly volatile, with a 13% correction at one point.
    • A series of technical indicators are now pointing to a bullish short-term structure.

    It has been an up-and-down and often frustrating month for Bitcoin traders, a period of wild price swings that has put the seasonal promise of an “Uptober” rally to a severe test.

    Now, with just a few days left in the month, a tense battle is underway as the bulls fight to keep the world’s leading cryptocurrency in positive territory, a goal that could have significant implications for the rest of the year.

    Historically, October has been a powerful launchpad for Bitcoin, delivering average gains of more than 20%. But this year has been a different story.

    After spiking above $123,000 early in the month, the market was hit by a brutal 13% correction that saw prices plummet to $107,000.

    Since then, the bulls have been in a grinding, hard-fought recovery, with the price currently hovering around $115,000, a meager 1.14% gain for the month.

    A powerful macro tailwind provides support

    This fragile recovery is being supported by a powerful macroeconomic tailwind.

    Traditional markets are firing on all cylinders, with the S&P 500 hitting fresh record highs as investors confidently price in a quarter-point interest rate cut from the Federal Reserve this week.

    This dovish monetary policy, combined with an easing of US-China trade tensions, has propelled a “risk-on” sentiment that typically benefits assets like crypto.

    Adding another layer of support is a renewed wave of institutional interest.

    Spot Bitcoin ETFs have now recorded their third consecutive day of inflows, a clear signal of conviction from the market’s larger and more influential players.

    The view from the charts: a bullish structure takes shape

    A deep dive into the technical charts reveals a bullish short-term structure that suggests the path of least resistance is now to the upside.

    The Average Directional Index (ADX), a key measure of trend strength, is sitting at a strong 32.14, a reading that suggests the current upward momentum is likely to persist.

    At the same time, the Squeeze Momentum Indicator is flashing a “bullish Impulse,” a high-probability signal that directional movement to the upside is just beginning.

    The Ichimoku Cloud analysis also shows Bitcoin trading above the clouds, another classic indicator of trend continuation.

    The final hurdle: a pivotal Fed decision

    While the technical and macro pictures are aligning in favour of the bulls, a major and binary risk event looms on the horizon: the Federal Reserve’s policy announcement on Wednesday.

    While the market is pricing in a 25-basis-point cut, any hawkish language about the future path of interest rates could easily trigger a wave of short-term volatility.

    The key for the bulls will be whether Bitcoin can maintain its critical support above the $114,000 level through any Fed-related turbulence.

    If it can, then this “Uptober,” while not as explosive as many had hoped, may still end in the green, setting the stage for a potentially powerful final two months of the year.

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  • Bitcoin’s rare September gains defy history: Data predicts a 50% Q4 rally to 170,000 dollars

    Bitcoin’s rare September gains defy history: Data predicts a 50% Q4 rally to 170,000 dollars

    Bitcoin’s rare September gains defy history: Data predicts a 50% Q4 rally to 170,000 dollars

    • Bitcoin is on track to close September with a rare positive gain of 4.5 percent.
    • Historically, a green September has preceded an average Q4 rally of over 50 percent.
    • If the pattern holds, Bitcoin could be eyeing the 170,000 dollar region by year-end.

    In a powerful and rare defiance of its own grim history, Bitcoin is on the verge of closing the books on a positive September.

    This is no small feat. The month has long been the cruelest on the crypto calendar, a consistent sea of red that has earned it the ominous nickname “Red September.”

    But this year, a 4.5 percent gain has flipped the script, and in doing so, it may have just lit the fuse for an explosive rally into the final quarter of the year.

    A prophecy written in the charts

    History doesn’t repeat, but it often rhymes. And in the world of Bitcoin, the rhyme of a green September is a powerful and bullish prophecy.

    According to historical data, on the rare occasions that Bitcoin has managed to close September in positive territory—in 2015, 2016, 2023, and 2024—the final quarter of the year has produced spectacular results, with average returns soaring to more than 53 percent.

    In those instances, the fourth quarter returns have ranged from a powerful 45 percent to a stunning 66 percent.

    If that historical pattern were to play out again this year, Bitcoin could be eyeing the 170,000 dollar region before the calendar flips to 2026.

    The data shows that October typically acts as the launchpad for these powerful moves, with an average gain of 21.8 percent, while November continues the ascent.

    This seasonal effect has been particularly profitable in the years following a Bitcoin halving, as a potent cocktail of capital inflows and bullish market positioning combine to push the asset into a fresh phase of price discovery.

    The view from the blockchain: a bullish tide is turning

    This bullish seasonal setup is not just a statistical anomaly; it is being actively confirmed by the deep undercurrents of the blockchain itself.

    Key on-chain metrics are now flashing green, signaling a fundamental and powerful shift in market momentum.

    The Spot Taker Cumulative Volume Delta (CVD), a crucial indicator that tracks the difference between market buy and market sell volumes, has flipped positive on a 90-day basis for the first time since mid-July.

    This is a clear and direct signal that a “Taker Buy Dominant Phase” is underway, a period where buying pressure is now decisively outweighing selling activity.

    At the same time, the Coinbase premium index has been highlighting consistent and aggressive accumulation by US investors throughout the third quarter.

    The powerful alignment of these two key on-chain metrics reinforces the view that a new wave of buying momentum is not just coming—it’s already here.

    The stage is set, the signals are aligning, and the final quarter of the year could once again prove to be a decisive and explosive one for the world’s leading digital asset.

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  • Horizen (ZEN) gains 12% to break above $7

    Horizen (ZEN) gains 12% to break above $7

    • Horizen price is up 12% in 24 hours as bulls break above $7 again.
    • ZEN’s price surge today reflects its strategic advancements and growing relevance in privacy-focused DeFi.
    • While the outlook is cautiously optimistic, investors should remain vigilant of market volatility and regulatory developments.

    Horizen (ZEN) has seen a notable price increase today, with double-digit gains allowing buyers to bounce to a key level.

    Attention from investors continues to drive a bullish outlook amid a surge that comes as privacy-focused decentralized finance solutions gain traction.

    Why is Horizen’s price up today?

    Horizen’s ZEN token traded near $7.08 at the time of writing, up about 12% over the past 24 hours amid gains for Zcash and other altcoins.

    Gains mirror the broader crypto market uptick on Monday after Bitcoin bounced off lows below $110k seen last week.

    As risk assets ticked higher, BTC’s move to above $112k allowed coins such as Horizen to rebound. ZEN mirrored gains for Zcash price.

    For ZEN, privacy coins’ resurgence and network developments are key catalysts.

    The recent launch of ZENDEX, a privacy-first decentralized exchange (DEX) built on Horizen’s blockchain, has bolstered investor confidence, contributing to the latest price increase.

    ZENDEX which introduces new use cases for Horizen’s privacy technology, has positioned Horizen as a competitive player in the DeFi space.

    Positive community sentiment following Horizen’s migration to Base also persists, with ZEC’s rally likely to mark a similar trajectory for ZEN.

    What next for Horizen’s price?

    Analysts are optimistic about ZEN’s potential, driven by its unique protocol architecture.

    By enabling privacy and blockchain interoperability access to users, the platform has attracted notable interest.

    Network metrics such as active addresses and user count have swelled as has price amid hype around Horizen 2.0.

    ZENDEX gives Horizen an industry-leading advantage in the blockchain space.

    “ZENDEX will leverage Horizen (ZEN) technology to deliver performance and privacy levels that position it as a top DEX tech product available today,” the platform posted on X.

    Key aspects include Cross-Chain Transfer Protocol for private and trustless asset transfers and zero-knowledge-secured bridges to Ethereum and Polygon for deep liquidity access.

    High throughput with sub-second finality puts ZENDEX at DeFi’s forefront, boosting Horizen and ZEN.

    While broader market dynamics and regulatory scrutiny in the privacy coin sector remain a challenge, the prevailing outlook for ZEN is bullish.

    Technical indicators, such as the MACD show a positive momentum amid a potential bullish crossover.

    The daily RSI is also upslopping as it recovers from the oversold territory to suggest directional bias for bulls.

    With Thrive Horizen-funded projects on the roll, adoption may aid ZEN price.

     

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  • ZRO price gains 14% to break above key hurdle, defy broader dump

    ZRO price gains 14% to break above key hurdle, defy broader dump

    ZRO Token

    • ZRO price pops 14% as LayerZero sees a 66% spike in trading volume.
    • The LayerZero Foundation has recently repurchased 50 million ZRO tokens, equivalent to 5% of the total supply.
    • Bulls could target a breakout to $3.25 and then highs above $5 if sentiment holds.

    The LayerZero (ZRO) token is among the altcoins to defy the broader crypto dump today, with ZRO price up 14% in the past 24 hours.

    Gains for LayerZero come as Bitcoin drops below $110,000 and Ethereum under $4,000.

    But like some altcoins across the market, ZRO is seeing an uptick and has broken above the critical resistance zone near $2.20.

    LayerZero price jumps 14% — why is ZRO up today?

    While most altcoins hit downside action, ZRO is surging amid two notable network milestones.

    Potentially, one is the announcement by the LayerZero Foundation of a major token buyback program.

    The move triggered an immediate surge in ZRO’s price, with the altcoin climbing from lows of $1.83 to reach highs of $2.24.

    A dip to retest the support area at $2.00 has nonetheless seen bulls break the key hurdle at $2.25 to hit highs of $2.33.

    ZRO’s uptick aligned with the 50 million token buyback, with about $150 million ploughed back into the market for the tokens.

    Traders reacted positively after the 25 million ZRO token unlock event earlier, with the buyback and market reaction helping to offset sell-off pressure.

    Crucially, the repurchase has tightened supply and could provide more fuel for bulls.

    LayerZero’s recent acquisition of the Stargate cross-chain bridge is another catalyst for ZRO price.

    The Stargate integration, approved by the DAO with 94.7% support, came at a crucial time for LayerZero.

    Plasma, the platform for global money movement, has unveiled its mainnet.

    LayerZero is a key player in the ecosystem, able to bridge liquidity to Plasma via Stargate.

    ZRO price has jumped amid these integrations.

    What’s next for the ZRO price?

    As the LayerZero price rose, trading volume spiked 66% to $173 million in the past 24 hours.

    This suggests bulls are buying at current levels, and ZRO’s market value could benefit further.

    ZRO price chart by TradingView

    The ZRO price outlook also shows bulls are looking to ride a technical breakout.

    On the daily chart, the price has broken above a descending triangle pattern’s resistance line.

    Notably, technical indicators such as the daily RSI and MACD are flashing bullish signals for ZRO.

    Successful retest and breakout from the trendline of a prolonged consolidation phase level will allow buyers to target $3.25 and higher.

    Bulls are currently 53% up on the all-time low of $1.50 reached in March.

    Meanwhile, the all-time high that counts as a short-term target sits about 70% off current prices at $7.53.

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  • SOL price gains momentum as DeFi Dev Corp adds $77M in Solana to treasury

    SOL price gains momentum as DeFi Dev Corp adds $77M in Solana to treasury

    • The company has acquired 407,247 SOL tokens in its latest purchase.
    • DeFi Dev Corp. now holds Solana worth around $371M, 1.83 million coins.
    • On-chain indicators support SOL’s upside trajectory.

    The first Nasdaq-listed firm with a Solana-centric treasury strategy is once again in the spotlight.

    According to the latest press release, DeFi Development Corp. disclosed the purchase of 407,247 SOL assets valued at approximately $77 million.

    The recent accumulation increased the company’s total SOL holdings to 1,831,011 tokens, worth around $371 million.

    Notably, DeFi Dev Corp. utilized the latest fundraising to fund the purchase, and still holds more than $40 million for more Solana buys and supporting treasury operations.

    The bold bet signals the firm’s conviction in Solana’s growth trajectory.

    Solana price displays optimistic performance amid these developments, with on-chain metrics supporting DeFi Dec Corp’s accumulation strategy.

    Long-term holding and staking plans

    DeFi Development Corp. made it clear that it is not after short-term gains.

    The firm confirmed that it will hold the newly purchased Solana long-term and stake the assets across different validators.

    The announcement stated:

    The newly acquired SOL will be held long-term and staked to a variety of validators, including DeFi Dev Corp’s own Solana validators to generate native yield.

    The staking strategy enables the firm to generate native yield while ensuring the security and health of Solana’s blockchain.

    Further, the approach means additional earning opportunities for shareholders as it combines staking incentives and SOL price growth.

    What does it mean for Solana?

    Solana has dominated crypto trends over the past months, with increased adoption in payments, meme coins, DeFi, and NFTs.

    Its scalability and speed have made it a perfect alternative for institutions and developers.

    DeFi Dev Corp’s Solana holdings reflect how markets are increasingly viewing Solana as an asset with potential beyond speculation.

    Furthermore, endorsement by a Nasdaq-listed company legitimizes the altcoin, making it attractive for institutions seeking crypto exposure.

    Solana bullish outlook

    These developments come as the native token traded in the green region.

    SOL gained more than 15% the previous week to $211.

    Bullish sentiments fuel the chain, especially as the community votes for the Alpenglow proposal.

    The proposal seeks to reduce block finality to 150 milliseconds from 12.8 seconds.

    That will turbocharge the blockchain by supporting thousands of transactions per second while ensuring near-zero transaction charges.

    That makes the Ethereum twelve-minute finality glacial.

    Simply, the second-largest blockchain takes minutes to finalize transactions. In Solana, it is instant.

    These narratives echo analysts, who are predicting massive gains for SOL.

    For example, Ali Martinez mapped Solana’s path to $300 in the near-term.

    That would mean a rally of over 40% from the current market price.

    Moreover, prevailing institutional interest sets the stage for significant long-term rallies.

    Proponents believe Solana has what it takes to skyrocket to $1,000 in a full-blown bull market.

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  • Mantle price outlook as MNT gains momentum with 20% spike

    Mantle price outlook as MNT gains momentum with 20% spike

    Mantle Price Bullish

    • Mantle is up 20% in 24 hours amid overall altcoin rcovery.
    • The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51.
    • Ecosystem growth buoys overall bullish momentum.

    Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of $0.72 to $0.91.

    This uptick aligns with other altcoins’ bounces over the past day, with likes of Litecoin and Pump.fun among top gainers in the largest 100 coins by market cap.

    Notable gains for Mantle have come amid a 280% surge in daily volume to $622 million, while its market cap has increased to $2.96 billion.

    Mantle pumps 20% as altcoins bounce

    As noted, Mantle’s price surge coincides with a pump in the broader altcoin market.

    A lot of the upside momentum has come after last week’s sell-off, with an announcement from the Commodity Futures Trading Commission buoying investors.

    MNT price has also benefited from a robust network, which boasts a significant increase in stablecoin market cap to $653 million.

    The total value locked in DeFi on the protocol has also jumped to $233 million, largely helped in recent weeks by a surge in activity around its ecosystem.

    Also worth noting is Mantle’s contribution of 101,867 ETH worth over $388 million to the Strategic ETH Reserve.

    Institutional inflows through initiatives like the Mantle Index Four and innovative products such as mETH Protocol for liquid staking add further upside fuel. Lookonchain highlights these in the X post below.

    Mantle’s strong market momentum has MNT trading towards the psychological $1 mark. The last time bulls hovered at or above this level was in February 2025.

    Is Mantle price poised for a breakout to a new all-time high?

    Mantle’s price trajectory has bulls eyeing fresh bids above $1, and analysts say a breakout above this level could catapult MNT past its all-time high of $1.51. The altcoin reached this milestone on April 8, 2024.

    On the daily chart, technical indicators provide bullish signals. The Relative Strength Index (RSI) stands at 66 and upsloping to indicate potential upside continuation before hitting the overbought zone.

    Mantle price chart by TradingView

    Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggests a bullish crossover. Per the chart above, the MACD line is looking to cut above the signal line, highlighting a potential short-term bullish momentum.

    Mantle is also trading near the upper Bollinger Band at $0.87 with price above the middle line and with likely support at the lower band of $0.68.

    A decisive break above the upper resistance could signal a bullish flip, allowing buyers to extend gains past $1 to the $1.40 region.

    A confirmation of an upbeat sentiment from other catalysts will help this bullish trend. The downside however could make $0.68 a key level to watch. Major support also lies near $0.55.

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  • Bitcoin Cash up 7% as bulls defy BTC dump, eye gains on rising volume

    Bitcoin Cash up 7% as bulls defy BTC dump, eye gains on rising volume

    Bitcoin Cash Price

    • Bitcoin Cash has seen a notable surge in the past 24 hours, gaining 8% to $554.
    • The altcoin sees gains as Bitcoin price dumps amid massive sell-off pressure.
    • With trading volume up 44% and rising open interest also surging, BCH could defy the benchmark asset’s dip further and eye highs last seen in December 2024.

    The Bitcoin Cash (BCH) price currently stands at approximately $551.

    While it’s off its intraday highs of $554, it remains above the $550 mark, up as one of the top gainers in the past 24 hours.

    According to CoinMarketCap, this comes as Bitcoin’s latest correction has many altcoins also showing weakness.

    Bitcoin Cash defies BTC dump with 7% gain

    BTC dropped to below $115k after Galaxy Digital, a prominent crypto investment firm, offloaded 30,000 BTC in under 24 hours.

    Liquidations spiked amid the Bitcoin dump, but Bitcoin Cash looked to buck the trend.

    Its intraday gains of over 8% see it rank among the top performers in the 100 largest cryptocurrencies by market cap.

    Bitcoin Cash price chart by CoinMarketCap

    Notably, gains keep BCH in an uptrend over the longer time frames. The altcoin’s price is on an upward trajectory since touching lows of $268 in April 2025.

    Also, the price gain amid a 44% increase in trading volume to over $870 million suggests potential buying pressure.

    Crypto analyst CW points to increased whale interest, particularly in China.

    Is BCH poised for a rally to $1,000?

    BCH price last traded at $1,000 in May 2021, at the time when bears pushed it lower from above $1,427.

    In the past year, an attempt by buyers to reclaim the level fizzled out at around $624 in December 2024.

    While the cryptocurrency has struggled for upside momentum, analysts are increasingly optimistic about Bitcoin Cash’s potential to rally toward $1,000.

    Other than the overall long-term bullish sentiment around crypto, the short-term picture highlights robust market metrics and technical outlook.

    BCH price chart by TradingView

    For instance, open interest in BCH derivatives has jumped 24% to $533 million, with volume 28% up to over $1.3 billion.

    A surge in speculative activity signals bullish confidence in the token’s price.

    The technical picture further bolsters this bullish outlook.

    The Relative Strength Index (RSI) currently reads 63.

    Meanwhile, the Moving Average Convergence Divergence (MACD), is also flashing a bullish crossover to hint at potential short-term upward pressure.

    If bulls manage a breakout to the supply wall at $540-$565, they could retest the $620-$650 area.

    Above this, resistance above $700 could allow bulls to target $1,000. Conversely, support lies around $480 and then $380.
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