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Tag: Price

  • Optimism price spikes as OP lands on South Korea’s largest crypto exchange

    Optimism price spikes as OP lands on South Korea’s largest crypto exchange

    • Optimism price increased by more than 13% to highs of $0.84 amid gains for PancakeSwap, Ethena and SPX6900.
    • Upbit, South Korea’s leading crypto exchange, announced the listing of the Ethereum layer 2 scaling solution’s native token OP.
    • The price of OP could explode 100% as bulls eye $2.

    Optimism (OP) price is up double-digits, mirroring moves by PancakeSwap, Ethena and SPX6900 as top altcoins by 24-hour gains.

    Gains for the native token of the Ethereum layer 2 scaling solution come amid a major boost from Upbit, South Korea’s dominant crypto exchange.

    With new trading pairs set to launch for OP, price could follow.

    South Korea’s Upbit adds support for Optimism

    Upbit, a titan in South Korea’s crypto landscape, is rolling out new trading pairs for Optimism (OP).

    The exchange said this in an official announcement posted earlier today.

    In it, Upbit confirms that trading support will kick off at 16:30 KST, bringing massive trading volume and liquidity to OP.

    With South Korea being a big crypto market, this news has buoyed OP’s daily volume and price.

    As noted, Optimism has managed an impressive 13% spike from its recent trough of $0.71 to a peak of $0.84.

    The surge is accompanied by a staggering 420% spike in trading volume, which surged past $700 million.

    It’s a reaction that reinforces Upbit’s reputation as one of crypto’s biggest exchanges by daily volume.

    The listing may bolster bulls and bring new highs into the picture.

    OP has also traded higher in recent weeks after $956 billion asset manager Hamilton Lane expanded its flagship fund, Senior Credit Opportunities Securitize Fund (SCOPE), to Optimism and the Ethereum mainnet.

    Optimism price forecast: Another 100% gain for OP?

    As the crypto market holds onto bullish sentiment and analysts say altcoin season is yet to unfold, one of the coins to watch is Optimism.

    The OP token teeters on the verge of a breakout, with Upbit’s listing a potentially huge catalyst.

    Notably, the exchange’s vast user base and low 0.05% KRW trading fees could propel OP into the spotlight, potentially attracting both retail and institutional players.

    A look at technical indicators shows bulls have an upper hand.

    Optimism price chart by TradingView

    The daily chart has a rising Relative Strength Index (RSI), which signals robust buying pressure.

    OP’s price outlook is also positive as indicated by the Moving Average Convergence Divergence (MACD), currently sporting a bullish crossover.

    While Optimism price hovers near $0.82 at the time of writing, upside momentum amid fresh retail demand could help push it past $1.

    The token last traded at highs of $1.2 in April. If buyers reclaim this level, a break to $2 and YTD peak of $2.1 is likely.

    However, if sellers emerge amid the Upbit listing-driven hype, primary support levels are around $0.74 and $0.68.
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  • Bitcoin L2 Stacks (STX) price drops heavily after transaction suspension

    Bitcoin L2 Stacks (STX) price drops heavily after transaction suspension

    Bitcoin L2 Stacks (STX) price drops heavily amid transaction suspension news

    • Stacks (STX) drops 2.5% as Bithumb announces temporary halting of transactions.
    • Network upgrades aim to boost Stacks’ security and features.
    • The suspension of transactions is scheduled to begin on July 29.

    Stacks (STX) token has seen its price drop by 11.4% in a week, even as the Bitcoin (BTC) price remains largely bullish.

    The decline comes at a time when excitement is building around Bitcoin-based DeFi and key network upgrades are underway.

    However, a major development from South Korean exchange Bithumb appears to have influenced investor sentiment, triggering notable short-term pressure on the STX token.

    Price pressure hits Stacks (STX) despite DeFi momentum

    STX is currently trading at $0.7786, marking a drop of 2.5% today and a sharp 11.4% decline over the past seven days.

    This drop comes even as Bitcoin, the asset it is built to complement, maintains a largely positive trend.

    The downward move has raised eyebrows among market watchers, especially given the recent momentum around the Stacks DeFi ecosystem.

    But despite the drop, STX has still gained more than 15% over the last month, driven in part by the ongoing “STX DeFi SZN” campaign — a collaborative launch among leading Bitcoin DeFi protocols.

    Through a partnership with Zealy.io, the campaign is offering 50,000 STX in rewards for users completing on-chain quests.

    While the broader DeFi push is designed to strengthen the ecosystem, it hasn’t been enough to offset short-term fears triggered by external factors.

    Bithumb’s temporary suspension fuels uncertainty

    One of the main catalysts behind STX’s recent price dip is the news of Bithumb’s announcement of a temporary suspension of STX deposits and withdrawals.

    Scheduled to begin at 03:00 UTC on July 29, according to a report by Bitcoin World, the suspension is aimed at supporting a significant upgrade of the Stacks network.

    For many traders, however, the move has sparked concern.

    Even though such suspensions are standard during blockchain upgrades, the market often reacts with caution.

    Investors worry about temporary inaccessibility and possible disruptions in trading activity.

    As a result, some may have opted to sell early to avoid complications, contributing to the current price decline.

    Stacks upgrades bring long-term promise

    The Stacks Network upgrades themselves are crucial milestones for the network.

    Stacks is a Bitcoin Layer 1 blockchain that enables smart contracts and decentralised apps (dApps) to run using Bitcoin as the settlement layer.

    It brings programmability to Bitcoin without changing Bitcoin itself.

    Transactions on Stacks are automatically hashed and secured by Bitcoin’s hashpower through a mechanism known as Proof of Transfer (PoX).

    This approach makes Stacks one of the most secure smart contract layers available today.

    The upcoming upgrade is expected to enhance this security while improving performance and enabling new features for developers and users alike.

    Moreover, STX plays a central role in this ecosystem. It is used for transaction fees, governance decisions, and stacking, where users can earn Bitcoin by locking their tokens.

    As the Stacks network upgrades progress, STX may gain greater utility and adoption, potentially reversing the current downtrend over time.
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  • Will Onyx V2 spark a bullish breakout in XCN price?

    Will Onyx V2 spark a bullish breakout in XCN price?

    A Healthy Bull in green Environment

    • Onyxcoin (XCN) price is around $0.015, down 19% over the past week.
    • XCN is under pressure as the broader market battles fresh selling as traders book profits.
    • Onyx V2’s anticipated launch and the regulatory clarity provided by the CLARITY Act could be a bullish catalyst.

    Onyxcoin (XCN), the native token of the web3 protocols ecosystem Onyx, is experiencing the downside pressure that currently engulfs the broader crypto market. Celestia is among the altcoins to see 24-hour losses.

    As of writing, XCN is trading at $0.01538, with a 24-hour trading volume of over $38 million.

    While the market cap has dipped to $527 million, the slight uptick in daily volume indicates a notable level of market interest.

    Onyx eyes traction with V2 ahead of CLARITY law

    The Onyx ecosystem is gearing up for a significant upgrade with the impending launch of Onyx V2, aimed at enhancing compliance and functionality.

    According to a recent announcement by OnyxDAO on X, the launch of Onyx V2 is designed to meet the highest compliance standards under the United States’ crypto markets regulation CLARITY Act.

    The CLARITY Act, formally known as H.R. 3633, aims to provide a clear regulatory framework for digital assets by distinguishing between digital commodities, securities-like assets, and stablecoins.

    As Onyx notes in its post on X, the V2 rollout will position XCN “as a Digital Commodity Token within a Mature Blockchain System.”

    Potentially, this means broadening the project’s appeal to institutional investors amid broader regulatory compliance.

    Onyx has cautioned the community that there will be no token swaps, with users asked to beware of scams and fake airdrops.

    Onyxcoin price outlook

    The anticipation surrounding Onyx V2 could spark considerable interest in XCN, hence catalyzing an upward flip.

    Among market outlook indicators traders are watching to gauge potential price movements is open interest.

    While XCN derivatives have seen a slight decrease in OI, the weighted funding rate remains positive. Derivatives volume, which reflects trading activity in futures and options, has also fallen 14% to around $25 million.

    From a technical point of view, indicators on the daily chart further support a short term bearish strength.

    The Relative Strength Index (RSI) for XCN is currently at 43, not yet oversold. However, it is downsloping to suggest sellers could gain momentum.

    Onyxcoin XCN Price
    XCN price chart by TradingView

    Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line crossing below the signal line. XCN price is also near the support line of a falling wedge, and a drop could extend losses.

    Interestingly, Onyxcoin is down 19% over the past week and has pared most of the gains seen when price jumped to highs of $0.02 in mid-July.

    XCN is nonetheless more than 914% up in the past year. While this suggests a bullish trend amidst broader market volatility, price is near a critical support level.
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  • Celestia price outlook: Here’s why TIA risks further losses

    Celestia price outlook: Here’s why TIA risks further losses

    Celestia Price Bearish

    • Celestia (TIA) trades at $1.81, down 13% in the past week.
    • The altcoin is paring gains seen following a bounce from lows of $1.32.
    • Celestia Foundation has announced it bought all remaining TIA from Polychain Capital.

    Celestia’s price of $1.81 today  is down double digits in the past week. While it has bounced 38% since hitting its all-time lows of $1.32 in June, it is 70% down in the past year and -91% from its all-time high above $20.9 reached in February 2024.

    As the cryptocurrency market navigates its latest pullback, is TIA at risk of fresh losses? Or could Celestia Foundation’s latest move catalyze a fresh recovery?

    Celestia Foundation buys back TIA from Polychain Capital

    As TIA price fell over the past year, most analysts pointed the finger towards the aggressive dumping by Polychain Capital.

    Celestia moved from being one of the most attractive coins at its mainnet launch, to lagging the market. Underperformance in the past year has pushed it further off its peak.

    An analyst on X called it one of the “most predatory VC tokens out there.”

    The Celestia Foundation has moved to flip the picture, announcing it acquired Polychain Capital’s remaining TIA holdings. It is a move that concludes a long-standing partnership with the VC that acquired coins under or at $1.

    Now after dumping tokens, Polychain has agreed to sell its 43,451,616.09 TIA tokens back to the Celestia Foundation for $62.5 million. Polychain is set to undelegate its staked assets to facilitate the deal.

    Why is TIA largely bearish?

    Despite the Celestia Foundation’s move, TIA’s price trajectory remains largely bearish.

    Token unlocks, which will gradually release the redistributed tokens into circulation, remains. This controlled release has the design of a strategy eyeing no sudden supply surge. New investors receiving the coins must therefore not adopt a sell-off strategy similar to Polychain Capital’s earlier actions.

    Otherwise, with a potentially aggressive divestment feature and rewards loophole, bears may yet take further hold.

    Recently, commenting on TIA price, crypto analyst zeroknowledge posted on X:

    “The structural selling pressure is not a side effect, it’s literally the primary feature of the tokenomics design.”

    Explaining further, the analyst added:

    “The most damning example is Polychain Capital, which invested approximately $20 million across Series A and B rounds. Through the staking rewards loophole (see screenshot below), Polychain already sold over $82 million worth of TIA (achieving a 4x return on investment) before a single one of their primary tokens has unlocked.”

    Is this changing? Market participants have pointed to Celestia restructuring its tokenomics and governance model.

    As Chaos Labs notes in the above post, Celestia will not just reallocate the Polychain stash, but has a proposal to cut inflation rate. But will this stem the selling?

    Celestia price technical outlook

    The token traded around $1.81 at the time of writing, with open interest down to $197 million.

    Technical indicators -the RSI and MACD on the daily chart give sellers the upper hand. Notably, the RSI is downsloping below 50 while the MACD is signaling a bearish crossover.
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  • Flare price pumps 25% amid explosive DeFi growth: is a new ATH next?

    Flare price pumps 25% amid explosive DeFi growth: is a new ATH next?

    Flare Price

    • Flare price rose sharply as altcoins continued to steer bullish with Ethereum, XRP and Solana up.
    • The FLR token was up 25% as bulls pushed from lows of $0.02089 to highs of $0.02722.
    • With DeFi and broader market resilience, Flare could target a new all-time.

    The cryptocurrency market continues to trend bullish as top altcoins see gains, but not many can match Flare (FLR)’s explosive 25% outperformance in the past 24 hours.

    FLR’s gains dwarf those of key 24-hour performers Pudgy Penguins, Worldcoin and PancakeSwap.

    The token traded around $0.2702 at the time of writing, with daily volume up 457% to over $98 million.

    Open interest on Coinglass showed a 35% increase to $11.8 million.

    Flare price: is FLR poised for a new peak?

    As Ethereum holds firm above $3,600 and Solana consolidates gains above $200, renewed optimism has emerged around Flare (FLR).

    FLR has surged from intraday lows of $0.02089 to as high as $0.02722, marking one of the strongest performances among major cryptocurrencies.

    The rally has pushed Flare into the 57th spot by market capitalisation, placing it among the top gainers within the 100 largest digital assets.

    With total value locked, transaction volume and overall DeFi growth on the uptick, is this spike in FLR price the beginning of a major flip to a new all-time high?

    Per data from CoinMarketCap, Flare reached the all-time peak of $0.0797 in January 2023.

    Flare price chart by CoinMarketCap

    FLR price is up nearly 50% in the past week and 63% in the past month.

    Much of the enthusiasm and bullish forecasts for Flare are down to the project’s innovative DeFi approach.

    Asset bridging has caught the market’s attention with recent integrations and mega incentives.

    DeFi on Flare gains traction

    Flare’s latest price pump comes in a month where the project unveiled a massive $2.2 billion incentive program for its FAssets.

    The target is explosive growth in Flare’s DeFi share with cross-chain liquidity and TVL.

    Interest has also jumped amid the integration of XRPFi, a DeFi initiative targeted at tapping into XRP on the network.

    This is what Firelight, a key protocol on the Flare network, has introduced to early success.

    As XRPFi takes root, tokens such as stXRP, a liquid staking token that allows users to earn yields while maintaining liquidity across DeFi platforms, are gaining traction.

    Institutional interest is also growing. One such big move is VivoPower.

    The Nasdaq-listed company recently announced a $100 million XRP deployment on Flare with the aim of generating yield.

    “Flare isn’t just for institutional XRP holders like VivoPower, it’s also powering platforms like Uphold that serve millions of everyday users. With Flare’s yield strategies, they can offer simple, opt-in XRP staking — no DeFi expertise required. That’s the kind of simplicity we’re aiming for,” Flare wrote on X

    Momentum across the Flare network has seen its TVL surge triple digits to near $200 million. SparkDEX, Kinetic and Sceptre Liquid are key protocols on the network.
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  • Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle

    Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle

    Bitcoin price prediction

    • Bitcoin (BTC) must clear the $120,000 resistance to resume upward momentum.
    • $200K in 2025 is unlikely without stronger volume support.
    • Long-term outlook remains bullish despite short-term hurdles.

    Despite recent pullback after hitting a new all-time high, Bitcoin price predictions remain bullish amid a mix of political support, institutional interest, and speculative whale activity.

    However, Bitcoin (BTC) will have to overcome the short-term resistance levels and overbought conditions that have temporarily capped its upward momentum.

    BTC faces a key resistance hurdle at $120,000

    At press time, Bitcoin (BTC) was trading at around $118,584 after hitting a recent high of $122,838 on July 14.

    And while it is still 77% up over the past year, momentum has slowed in recent sessions.

    Notably, the pullback can be attributed to Bitcoin attempting to offload overbought signals on the Relative Strength Index (RSI), especially after repeated rejection at the $120,000 level.

    Technical data reveals that the BTC/USDT pair is facing stiff resistance near this psychological threshold, where previous rallies have faltered.

    Bitcoin facing resistance at $120,000

    Despite this, the price remains comfortably above its 50-day Exponential Moving Average (EMA), which continues to serve as a dynamic support.

    As long as Bitcoin maintains this position, the broader bullish trend remains intact.

    Futures market signals continued consolidation

    The Bitcoin Futures, Jul-2025 (BTC=F) mirrors the spot market’s hesitation.

    Notably, the Bitcoin Futures’ price action, as evident on Yahoo Finance, remains locked between key pivots ($123,875 on the high end and $115,340 below).

    The central pivot point of $120,615 has become a battleground, with neither bulls nor bears showing dominance.

    A breakout above $126,015, which aligns with the upper channel trendline, could spark renewed buying interest and potentially send prices toward the $129,000–$132,000 range.

    On the flip side, failure to reclaim $120,615 could expose the contract to a retracement toward $115,340, with downside risk extending to $112,000 if support breaks.

    Volume profile data supports this indecisiveness. Most of the recent trading activity has clustered between $118,000 and $122,000, highlighting this zone as a significant liquidity area.

    For any breakout to sustain, a corresponding uptick in volume must accompany it — something that has yet to materialise.

    Whales stir, but caution remains

    Fueling speculation further, a long-dormant Bitcoin whale recently moved 10,606 BTC, worth approximately $1.3 billion.

    This reactivation, after years of inactivity, has raised questions about the whale’s intentions—be it profit-taking, institutional over-the-counter (OTC) deal prep, or strategic reallocation.

    Such large-scale movements often impact market sentiment, particularly when they occur near price peaks.

    If these funds are moved to exchanges, the threat of a large selloff increases.

    Conversely, if transferred to cold storage, it may indicate confidence in Bitcoin’s long-term trajectory. For now, the market remains watchful, not reactive.

    Macro and political tailwinds support BTC’s growth

    External forces are also adding fuel to Bitcoin’s long-term prospects.

    Trump Media and Technology Group recently acquired nearly $2 billion worth of Bitcoin using proceeds from stock sales and bonds.

    This move coincides with increased US legislative support for crypto, including the passage of the GENIUS stablecoin bill and proposals for a Strategic Bitcoin Reserve.

    Moreover, Bitcoin-backed borrowing is gaining traction. Xapo’s BTC-collateralised lending product recorded a 24% increase in Q2 usage, particularly in Europe and Latin America.

    This trend suggests that holders are increasingly seeking liquidity solutions without having to sell their BTC, a dynamic that could reduce short-term selling pressure.

    The $200k Bitcoin price prediction

    Despite short-term hurdles, several analysts believe Bitcoin remains on a long-term path toward $200,000—just not in 2025.

    Glassnode lead analyst James Check, in a recent interview with Pahueg at Less Noise More Signal, stated that while hitting $200,000 by year-end is “very improbable” due to insufficient buying volume, he fully expects BTC to exceed that mark within five years.

    His outlook reflects broader sentiment: without follow-through volume, even strong rallies risk unravelling.

    Others, including Bitwise’s Matt Hougan and Bernstein Research, maintain bullish 2025 targets based on anticipated institutional demand and the growing influence of Bitcoin ETFs.

    However, analysts emphasise that BTC must first stabilise above $130K, $140K, and eventually $150K to credibly approach the $200K zone.

    These milestones represent both technical and psychological resistance levels.
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  • ONDO price rallies on 21Shares’ ETF filing and major exchange listing

    ONDO price rallies on 21Shares’ ETF filing and major exchange listing

    • The altcoin has rallied following 21Shares’ ETF filing with the SEC.
    • The application indicates increasing institutional interest in RWA tokens.
    • Binance US has listed ONDO, fueling its upside momentum.

    Ondo Finance’s native coin signals imminent breakouts despite the broad market cool down, fueled by two key developments.

    First and foremost, asset manager 21Shares has filed with the US SEC to launch an ONDO exchange-traded fund (ETF).

    Secondly, Binance US confirmed listing the altcoin, with trading starting today, July 23.

    ONDO soared from the daily low of $1.0583 to $1.1642, a 10% increase, as the bullish news sparked bullish momentum.

    ONDO is at the center of Ondo Finance’s goal of bringing traditional assets on-chain.

    With interest in real-world asset (RWA) platforms skyrocketing, 21Shares and Binance US’ moves could not be better as retail and institutional investors seek Ondo exposure.

    The crypto has witnessed a surge in institutional appetite, with giants like BlackRock showing interest.

    MasterCard tapped Ondo Finance as its first RWA provider, while Ripple leveraged the blockchain to launch OUSG on its XRPL.

    21Shares files to launch ONDO ETF

    21Shares increases Ondo’s institutional appeal with the latest ETF application.

    The move confirms that traditional finance (TradiFi) is targeting the tokenization sector seriously.

    Moreover, seeking SEC authorization underscores the asset manager’s commitment to compliance and innovation in the tokenized sector of RWAs and DeFi.

    This is more than another cryptocurrency product.

    Ondo Finance remains at the core of the current trend of bringing real-world assets like US Treasuries, credit instruments, and bonds on-chain.

    Last week, Ondo Finance collaborated with BNB Chain to introduce tokenized equities in the United States.

    21Shares’ proposed exchange-traded fund would offer cryptocurrency enthusiasts exposure to ONDO via licensed platforms, without brokerage sites.

    Binance US lists ONDO

    A leading crypto exchange in the United States, Binance US, confirmed listing Ondo Finance’s token on its trading platform.

    It opened deposits on the Ethereum (ETH) blockchain yesterday, with ONDO/USDT trading set to start today.

    The official announcement read:

    We’re excited to announce that ONDO is now listed on Binance.US! Deposits for ONDO on the Ethereum network are now open. Trading for ONDO/USDT will begin tomorrow, July 23, 2025, at 4 a.m. / 7 a.m. EDT.

    The listing is vital as it makes the ONDO token accessible to the massive American retail audience.

    Moreover, listing on leading exchanges often acts as a Launchpad for many tokens.

    More US citizens can now trade ONDO without depending on overseas platforms or decentralized exchanges.

    ONDO price outlook

    Ondo Finance’s native coin attracted attention amidst the optimistic developments.

    It trades at $1.11 after a brief correction from daily highs.

    Meanwhile, the surging 24-hour trading volume highlights renewed interest in the RWA token, hinting at continued uptrend.

    Technical indicators support the short-term momentum shift.

    For example, the MACD on the 3H chart displays green histograms after a bullish crossover, signaling a buyer comeback.

    Also, the Chaikin Money Flow shows increased ONDO accumulation over the past week.

    Such trends indicate trust in the token’s near-term performance.

    Ondo Finance bull target the late January price levels above $1.60.

    Overcoming this level could catalyze smooth gains to the psychological level at $2.
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  • Ethereum price forecast: ETH bull case remains intact despite strategic profit-taking

    Ethereum price forecast: ETH bull case remains intact despite strategic profit-taking

    Ethereum Price

    • Ethereum price is at $3,640 amid some profit-taking deals.
    • Despite some whales selling, institutional interest remains high and demand is absorbing the dump.
    • Analysts say the ETH bull market remains intact.

    Ethereum has retreated slightly from its highs of $3,856 as it dips nearly 4% in the past 24 hours amid some profit-taking moves.

    But while the top altcoin changes hands at $3,640 at the time of writing, analysts maintain Ethereum is on a bullish course and that ETH still has room to explode.

    ETH sees strategic profit taking

    The $4,000 mark remains elusive for Ethereum in 2025, with the highs of $3,856 marking a key peak since the declines from $4,000 in December 2024.

    It means Ethereum price has lagged as Bitcoin climbed to multiple new highs.

    Selling pressure at current levels alludes to likely struggles in the short term, analysts at Glassnode have noted.

    The outlook is down to the Cost Basis Distribution Heatmap of Ethereum, which Glassnode analysts say shows buyers are cashing out gains.

    This strategic profit-taking is calculated towards securing profits after ETH posted strong upward moves these past weeks.

    Sellers have included whales. Lookonchain shared on X that one whale has sold 8,000 ETH for over $30 million.

    Ethereum price forecast: here’s why bull case remains intact

    Despite the profit-taking, Glassnode highlights a fascinating scenario with equilibrium emerging.

    Notably, data shows new demand is steadily absorbing the supply hitting the market, with selling pressure yet to overwhelm buyer interest.

    It’s a resilient market structure for ETH that suggests pullback action is likely to dissipate as bulls take control.

    While some whales sell, others have accumulated. Also, institutional holders like SharpLink Gaming have been aggressive.

    The company has acquired a massive chunk of ETH in recent weeks.

    Helping buyers is overall market sentiment that sees open interest in ETH futures soar to all-time highs. OI currently sits around $58 billion per Coinglass, which indicates interest is elevated.

    Ethereum is also sporting gains amid staking explosion, spot ETF inflows and regulatory developments. The ETH spot ETF inflows for Ethereum reached 588,000 ETH last week – higher than recent peak.

    Traders will eye potential corrections for buy opportunities, with consolidation in the near term allowing for a retest of key supply zone areas.

    On the flipside, sellers may be encouraged by weakening on-balance volume and extended cashing out.

    The $3,500 remains important and robust support may be around $3,000.

    Yet, the RSI on the daily chart is not overextended as it hovers just below the overbought territory.

    The MACD also still boasts a bullish case scenario. The $4,000 threshold is therefore one to watch.
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  • Solana price prediction: SOL targets breakout above $200

    Solana price prediction: SOL targets breakout above $200

    Solana Price Bullish

    • Solana price is above $190, with intraday highs of $192 as bulls target the psychological $200 level.
    • Analysts say SOL could explode above the $190 level amid current altcoin gains.
    • Institutional interest in Solana continues amid investment product inflows.

    Solana (SOL) is trading above $190 on Monday, breaking higher to hit its highest level since February.

    This comes as SOL gained over 14% this past week and by more than 34% in the past month, buoyed by a rally for altcoins after the GENIUS Act became law.

    With on-chain activity and technical indicators bullish, analysts say a breakout above $190 could see Solana rally hard. Other altcoins, including Ethereum, XRP, and Cardano, are also bullish.

    Solana price breaches key resistance level

    Solana has recently ticked higher amid an upward trend that excites bulls, with analysts noting it’s poised for a potential parabolic move if it breaks above a critical resistance level.

    According to an analysis by Glassnode, the next major resistance for SOL is around $190, where investors have accumulated over 8 million Solana tokens.

    Although this accumulation zone represents a significant hurdle, bulls are currently retesting it.

    Buyers have in the past 24 hours gained nearly 7% to breach the supply barrier and reach intraday highs of $191.79.

    Furthermore, Glassnode suggests breaking above this level could be key as the supply becomes less dense.

    As a thinning supply zone sits above $190, the $200 price level could be on the cards.

    SOL price forecast

    As noted, market forecasts for Solana are increasingly optimistic, with a confluence of technical and on-chain factors in favour.

    Liquidations have jumped as shorts feel the heat, accounting for over $12 million of the $16 million wiped out in the past 24 hours.

    Notably, market observers say that high market activity has often seen SOL liquidations explode on Solana-based perpetual trading platforms.

    This surge in on-chain liquidations underscores the intense trading volume and speculative interest in SOL, particularly on decentralized platforms leveraging Solana’s high-speed blockchain.

    Crypto analyst Ali Martinez says a break above $189 for SOL leaves nearly no major hurdle for bulls.

    Solana’s total value locked (TVL) amid a massive spike in decentralized finance (DeFi) adoption adds to the bullish sentiment for SOL.

    Solana-based digital asset products exchange-traded products have also been on an upward trend in terms of inflows.

    The ETPs, including exchange-traded funds (ETFs), managed over $39.1 million in inflows for the past week.

    While it lagged Bitcoin’s $2.19 billion in weekly inflows, the number is a reflection of growing adoption for SOL.

    DeFi TVL on Solana has in fact jumped to $10.2 billion, hitting the milestone for the first time in nearly two years.

    The SOL price appreciation has helped push the TVL up, with Jito Sol up to $3.09 billion, Jupiter Exchange to $2.9 billion and Kamino Finance to $2.89 billion.
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  • Kaspa price climbs 10% on Layer 2 rollout, forms double-bottom pattern

    Kaspa price climbs 10% on Layer 2 rollout, forms double-bottom pattern

    Kaspa Price Bullish

    • KAS price is up 10% in 24 hours as Kaspa mirrors other altcoins’ gains.
    • The cryptocurrency is also surging after seeing a double-bottom bounce with support near $0.05.
    • Bulls could breach resistance around $0.12 and target the $0.18-$0.20 supply zone.

    The Kaspa price has surged by 10% in the past 24 hours, reaching an intraday high of $0.105.

    Notably, this has added to weekly gains of over 18% as Kaspa rides the bullish momentum, with top cryptocurrencies Ethereum, XRP, and Solana seeing notable gains.

    BNB price has jumped to near its all-time high and could eye $1,000.

    As these top altcoins eye key technical levels, Kaspa’s upward momentum is drawing significant attention. Both market dynamics and upcoming network developments suggest bulls may not be done yet.

    Why is Kaspa price up today?

    Kaspa’s price increase aligns with a robust altcoin market.

    ETH, XRP, SOL, and BNB are all climbing toward critical resistance zones or all-time highs, adding to buying pressure for small-cap cryptocurrencies.

    However, Kaspa’s rally is not solely tied to market-wide optimism.

    A key driver is the growing anticipation surrounding the Kasplex mainnet, a significant step forward for the Kaspa Network, which is renowned for its high-speed, proof-of-work blockDAG architecture.

    The Kasplex Layer 2 public testnet, dubbed Kasplex zkEVM, has officially launched, marking a pivotal milestone in Kaspa’s roadmap.

    This fully Ethereum Virtual Machine (EVM)-compatible rollup leverages Kaspa’s Layer 1 (L1) for decentralized sequencing and data availability.

    Kasplex zkEVM introduces several groundbreaking features. A full EVM equivalence allows developers to deploy Ethereum-native smart contracts with minimal adjustments.

    With bridged KAS as the native testnet token, the protocol also allows for integration with standard EVM wallets like MetaMask.

    Additionally, the testnet includes a live faucet, explorer, and expanding developer tooling, fostering an environment for building decentralized applications (dApps) and smart contracts on Kaspa.

    This development positions Kaspa as a unique proof-of-work blockchain with Layer 2 smart contract functionality.

    Its growth potential has sparked increased interest in the KAS token, contributing to its price surge.

    KAS price: technical outlook

    From a technical perspective, Kaspa’s price action is showing bullish signals. The KAS token has formed a double-bottom pattern, a classic reversal signal.

    It indicates strong support in the $0.05-$0.06 range.

     

    Kaspa price chart by TradingView 

    This bounce has propelled the price toward a key resistance level near $0.12.

    According to the price outlook on the weekly chart, a decisive breakout above this level could open the door for buyers to target the $0.18-$0.20.

    The area might prove a crucial supply zone, with the level aligning with previous highs from July and December 2024.
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