Tag: pullback

  • Zcash price drops to $190 amid broader crypto pullback

    Zcash price drops to $190 amid broader crypto pullback

    Zcash Price On Market Chart

    • Zcash price dropped to the $190 support level.
    • Macro headwinds also had Bitcoin falling to below $105,000 to trigger further bleeding across crypto.
    • Analysts remain bullish despite the dip.

    Zcash (ZEC) tumbled to lows of $190, with its double-digit declines reflecting widespread market unease.

    Triggered by macroeconomic pressures, most coins plummeted to key levels, including Bitcoin, which retested the $105,500 area.

    Crypto pullback and Zcash price today

    Zcash, the privacy-focused cryptocurrency launched in 2016, experienced a sharp decline on Friday.

    The token dipped to support around the $190 mark as a broader crypto market retracement ensued to see total market liquidations surpass $1 billion.

    ZEC, one of the outperformers in recent weeks, fell below the key support level of $200.

    Moreover, the price declines are accompanied by rising trading volume to reinforce the profit taking.

    Per CoinMarketCap, the daily trading volume for the privacy-focused coin has jumped 26% to over $742 million.

    Meanwhile, the price has fallen nearly 20% in the same time frame.

    Zcash price chart by CoinMarketCap

    Zcash has climbed 260% over the past month, outperforming nearly all of the top 100 cryptocurrencies by market capitalisation.

    The market-wide pullback reflects broader macroeconomic factors, including renewed tensions in the US-China trade dispute and the ongoing US government shutdown.

    Investors who had recently entered Zcash appear to be taking profits after a strong rally fueled by optimism surrounding its zero-knowledge proof technology.

    Zcash has seen a notable surge in institutional interest in recent weeks.

    Grayscale’s Zcash Trust has been a key driver, with assets under management exceeding $92 million — a signal of rising adoption.

    The trust allows traditional investors to gain exposure to ZEC, one of the leading privacy coins, without the operational complexities of holding the asset directly.

    ZEC price forecast

    Major declines across the market came as investors, spooked by the latest news from US regional banks, exited positions.

    Specifically, reports on Friday indicated that two US regional banks have hit the rocks with bad loans.

    Jitters around banking sector risks saw a sharp dump for bank stocks cascade into futures trading on Wall Street.

    A slip for the S&P 500 and the Nasdaq also sent crypto nosediving.

    But Bitcoin’s drop could allow some capital rotation to revive ZEC price, one analyst pointed out on X.

    Correlation among shielded transactions adoption gives this strength.

    Market analysts point to overbought conditions in the short term.

    A look at the Relative Strength Index (RSI) shows a dip into oversold territory, which means a potential reversal.

    Overall, while the $190 mark signals a key demand zone, the $240 mark represents a crucial hurdle.

    ZEC price reached highs of $295 earlier in the month.



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  • Hyperliquid price forecast as HYPE sees pullback after hitting all-time high

    Hyperliquid price forecast as HYPE sees pullback after hitting all-time high

    Hyperliquid Price

    • Hyperliquid price jumped to a new all-time high above $51.
    • The token broke higher as HYPE bulls held above a major ascending trendline.
    • While price is down 4% from the ATH and hovers near 48, analysts predict further gains.

    Hyperliquid (HYPE) stood out among top cryptocurrency performers this week as the native token of the high-performance layer-1 blockchain rose to a new all-time high above $51.

    But can bulls hold prices above a key trendline and enter price discovery?

    Hyperliquid pares gains after bulls reach new ATH

    HYPE has been on a tear, climbing to an all-time high of $51.07 on August 27, 2025, fueled by a slight crypto market bounce that saw Bitcoin flip to above $113k from under $110k.

    The gains came as stocks edged higher ahead of Nvidia earnings, and then futures surged after the AI chip giant posted a revenue beat.

    With weekly gains exceeding 18%, Hyperliquid outpaced many top cryptocurrencies and stormed to its new ATH.

    Having captured the crypto market’s attention with spot volumes hitting daily peaks above $3.5 billion, HYPE token’s price jumped more than 17% in the past week.

    This saw the 16th-ranked altcoin hit highs of $51 across major exchanges.

    CoinGecko data shows the altcoin’s price managed a 1,174% rally from its all-time low of $3.81 reached in November 2024.

    Whales are aggressively buying HYPE.

    On-chain activity, with Hyperliquid’s decentralised exchange recording new highs in daily trading volume and fees, helped bulls.

    Institutional adoption, highlighted by spot exchange-traded fund anticipation and support by BitGo and Anchorage Digital Bank, has been a key catalyst.

    Hyperliquid price forecast: Is $100 next for HYPE?

    The broader crypto market bounce, with Cronos (CRO) jumping on Trump Media news, also helped HYPE drive higher.

    Analysts now say Hyperliquid price could extend gains in the coming months, with bulls likely to see triple-digit moves as they eye $100 and higher.

    However, HYPE has pulled back slightly, with profit-taking currently seeing the token hover above $48.

    Despite the pullback, market sentiment remains optimistic, supported by Hyperliquid’s dominance in the decentralised perpetuals market.

    HYPE chart by TradingView

    The daily chart above shows the technical outlook for HYPE is largely bullish as the token holds above a key ascending trendline.

    It signals sustained buyer demand, with the Relative Strength Index (RSI) above 57 to suggest that momentum favours the bulls.

    The daily MACD also shows a bullish crossover, with the histogram’s green bars strengthening.

    If HYPE regains upside traction, analysts believe it could enter price discovery mode, potentially targeting $100 in the coming months.

    As noted, a broader market downturn could push HYPE toward support levels, with demand reload zones around $42 and then $30.



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  • Bitcoin sees strong accumulation despite BTC price pullback

    Bitcoin sees strong accumulation despite BTC price pullback

    Bitcoin Whales Buy The Dip

    • Bitcoin price is near $115,300 after bouncing off lows of $114k.
    • Despite sharp declines this past week, BTC is seeing robust accumulation.
    • Onchain data suggests aggressive whale buying.

    Bitcoin (BTC) price hovers around $115,300 in early trading on August 19, 2025, but despite the pullback that includes a dip to lows of $114k, the benchmark digital asset is witnessing robust accumulation.

    While on-chain data suggests whales are aggressively buying, technical analyses signal bullish support above the psychological $110k.

    Notably, BTC price reached its all-time peak above $124k on Aug. 14.

    Whales scoop Bitcoin on the cheap

    As noted, on-chain data shows bulls have used the sharp price decline in the past few days to buy Bitcoin.

    The overall trend, as analysts from CryptoQuant show, is that accumulation is on the up.

    Crypto analyst Axel Adler Jr notes in a post on X that there’s been a significant shift in Bitcoin’s exchange netflow.

    Per the CryptoQuant on-chain and macro analyst, the 30-day moving average of net outflow has jumped from -1.7K to -3.4k Bitcoin per day, which suggests that coins are exiting centralised exchanges at an accelerated rate compared to sales.

    This accumulation, against a backdrop of Bitcoin’s price drop to lows of $114k, speaks to bulls’ strong long-term conviction.

    In any case, a divergence between net outflows and price decline has historically pointed to a bullish reversal.

    “Against the backdrop of price decline, we see strengthening net outflow: the Exchange Netflow-30D moving average became more negative from -1.7K to -3.4K BTC/day. This means coins on CEX exchanges are being bought faster than they are being sold. Such a shift in a falling market is a bullish divergence, where participants are using the drawdown to buy back coins,” Adler Jr. said.

    Santiment’s onchain analytics also point to this trend. Notably, top whales and sharks have continued to accumulate even amid the mild dip.

    With BTC prices dropping more than 6% since its peak, wallets within the 10-10K range have scooped more than 20,061 BTC.

    “When we zoom out, this same group of key stakeholders has added 225,320 Bitcoin going back to March 22nd. There has been notable correlation between this group’s holdings and the direction of future price movement for the majority of the past five years,” Santiment noted.

    What’s the Bitcoin price outlook?

    Bitcoin’s price technical picture shows BTC lies within the broad range of support at $112k and resistance at $120k.

    Although panic selling in recent weeks has some holders in a downbeat mood, CryptoQuant says they may be dumping at a loss.

    “This loss-selling event becomes a critical barometer of market health. If absorbed quickly, it could mirror past resets that fueled strong rebounds. If not, it risks signalling a momentum breakdown,” noted crypto analyst Kerem.

    With on-chain data indicating strong accumulation and technical indicators supporting a bullish outlook, BTC remains largely bullish.



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  • Metaplanet adds 775 Bitcoin to treasury amid market pullback

    Metaplanet adds 775 Bitcoin to treasury amid market pullback

    Bitcoin consolidates below $120K; Analysts say Ethereum flows will guide next market move

    • Simon Gerovich said the company acquired the bitcoins at an average cost of $120,006 each.
    • Metaplanet began implementing its Bitcoin accumulation strategy in April 2024.
    • With the latest purchase, Metaplanet’s total bitcoin holdings have risen to 18,888 BTC, valued at about $1.94 billion.

    Metaplanet, a Japanese Bitcoin treasury company, has purchased an additional 775 BTC for roughly $93 million as part of its ongoing accumulation strategy.

    The firm disclosed the latest acquisition on Monday through a post by its president, Simon Gerovich, on X.

    Gerovich said the company acquired the bitcoins at an average cost of $120,006 each.

    With the latest purchase, Metaplanet’s total bitcoin holdings have risen to 18,888 BTC, valued at about $1.94 billion.

    The firm’s average purchase price now stands at $102,653 per bitcoin.

    Metaplanet began implementing its Bitcoin accumulation strategy in April 2024.

    The firm is currently the seventh-largest holder of Bitcoin globally, according to Bitcointreasuries data.

    In his post announcing the milestone, Gerovich noted the company’s growing treasury position and reaffirmed its commitment to the strategy.

    Metaplanet’s Q2 results

    The company also released its second-quarter financial results last week.

    Total revenue reached 1.2 billion yen ($8.4 million), representing a 41% increase from the previous quarter.

    Net income swung to a profit of 11.1 billion yen ($75.1 million), compared to a net loss of 5 billion yen ($34.2 million) in the first quarter.

    Metaplanet said it continues to project full-year revenue of 3.4 billion yen and operating profit of 2.5 billion yen.

    The company attributed this outlook to recurring income from cash-secured put premiums and its operational performance.

    Metaplanet stock under pressure

    Despite the upbeat earnings and treasury expansion, Metaplanet’s stock price fell 8.6% on Friday to close at 866 yen.

    On Monday, shares recovered slightly, rising 0.6% around midday in Japan, while markets were still open.

    Addressing the recent weakness, Gerovich acknowledged the disappointment among investors but stressed confidence in the company’s long-term approach.

    He said the firm’s bitcoin income generation business has expanded for three consecutive quarters, adding that recurring income provides resilience and flexibility to support future financing and treasury operations.

    Bitcoin price today

    The latest acquisition comes as bitcoin’s price faces volatility.

    The world’s largest cryptocurrency touched a new all-time high of $124,474 last Thursday before retreating 4% the same day.

    Over the weekend, it traded around the $117,300 level and was slightly lower at the start of the week, nearing key support at $116,000.

    If Bitcoin closes below that level, analysts note that the decline could extend toward its 50-day Exponential Moving Average of $115,031.

    A further break below could test the next support zone near $111,980.



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  • BTC nears resistance zone as analysts flag potential pullback to $76,600

    BTC nears resistance zone as analysts flag potential pullback to $76,600

    Nvidia's $5.5B China chip charge rattles markets, pulls Bitcoin below $84K

    • Key resistance zone flagged between $86,549 and $88,244.
    • MicroStrategy buys 6,556 BTC worth $555.8 million.
    • $90,000 is seen as a psychological and technical barrier.

    Bitcoin has surged back to near $89,000, inching closer to its all-time high and setting the stage for what could be a significant breakout.

    According to crypto analyst Michael van de Poppe, the flagship cryptocurrency is now approaching a crucial resistance band between $86,549 and $88,244.

    This level has historically been difficult to breach, often leading to temporary corrections.

    However, the current market sentiment, combined with macroeconomic cues like a potential US-China deal, is fuelling speculation about a fresh rally past $90,000.

    In a tweet posted earlier this month, van de Poppe shared a technical chart highlighting Bitcoin’s rebound and its current position near a historical resistance level.

    He suggested that Bitcoin may first dip to retest support at $80,982 before making another attempt at a breakout.

    A further decline to $76,604 is also possible if current support fails to hold, marking a retest of a previous support level that could now act as resistance.

    Bitcoin gains 1.5% as whale accumulation boosts sentiment

    Bitcoin’s rise above $88,500 has been aided by strong accumulation from institutional players.

    Notably, US-based corporate holder MicroStrategy recently acquired 6,556 BTC at a total cost of around $555.8 million.

    The purchase comes amid growing interest in Bitcoin as a hedge against inflation and geopolitical risks, and appears to have given the market a confidence boost.

    According to CoinMarketCap, Bitcoin gained 1.5% in the past 24 hours, adding to its 4.7% weekly gain.

    The surge has also lifted overall crypto market capitalisation past $2.7 trillion.

    Source: CoinMarketCap

    Van de Poppe noted that despite nearing overbought territory, the market may remain bullish if Bitcoin consolidates above $88,000.

    A sustained rally past $90,000 could open up a move towards new highs, while failure to maintain support around $80,000 could send prices lower.

    Analyst warns of pullback to $76,604 if support fails

    Technical indicators show that Bitcoin’s RSI is approaching critical levels, suggesting a temporary correction could occur.

    Still, many traders are watching the $90,000 resistance level as the next major milestone.

    If Bitcoin manages to flip $90,000 into support, it could mark a psychological and technical breakthrough.

    Historically, this kind of pattern has led to rapid price discovery.

    However, if momentum fades, the cryptocurrency may struggle to hold onto gains and revisit lower support zones.

    Van de Poppe outlined that a correction to $76,604 would still be within healthy limits and could act as a springboard for a future rally.

    The price level was previously a key support and remains one to watch in the near term.

    Macro trends could support the Bitcoin push

    On the macroeconomic front, van de Poppe hinted at the potential impact of global events.

    In particular, signs of de-escalation between the US and China could reduce market anxiety, prompting increased risk appetite among investors.

    Geopolitical calm, combined with institutional accumulation and favourable regulatory signals, may set the stage for Bitcoin to finally break through its upper resistance.

    However, short-term volatility should not be ruled out, especially as the asset hovers near historically reactive zones.

    As of 14 April, Bitcoin is trading just above $88,606.

    All eyes are now on whether the world’s largest cryptocurrency can consolidate its gains and surge through $90,000 in the coming sessions.

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  • Whales accumulate more Bitcoin after latest pullback

    Whales accumulate more Bitcoin after latest pullback

    • Whales scoop Bitcoin as pullback dents bulls’ momentum
    • Bitcoin price touched lows of $65,911 as US government transferred its Silk Road BTC

    Bitcoin pulled back from its intraday highs around $70k on Monday to wipe gains seen after former US President Donald Trump highlighted the recently concluded Bitcoin 2024 conference.

    But the upside move built around Trump’s speech faded abruptly after the US government moved $2 billion in BTC from the Silk Road. The news spooked investors, crashing the crypto market.

    The price of Bitcoin fell more than 4% to lows of $65, 911 across major crypto exchanges, pushing into the negative territory on the weekly chart and cutting 30-day gains to just 8.8% at the time of writing.

    Gemini co-founder Tyler Winklevoss, commenting on the BTC transfer, noted that it came only two days after Trump “pledged to never sell any of the US government’s bitcoin.” It’s a view that many across the crypto community hold, with the move seen as a continuation of the anti-crypto stance from the Biden-Harris Administration.

    Whales accumulating Bitcoin

    While BTC hovers below the $67k level, large investors are using the low prices as an opportunity to add to their portfolios. These whales have aggressively scooped Bitcoin since Monday’s dip, market intelligence account Lookonchain shared on X.

    One such whale, “12QVsf”, reportedly withdrew 4,500 BTC worth over $302 million from Binance. The whale has also been linked to three other wallets that moved 1,400 BTC worth $94 million from crypto exchange Bitfinex on Tuesday morning.

    The wallets also withdrew a total of 2,510 BTCworth over $163 million from Bitfinex on June 20.

    On-chain insights platform Spot On Chain also highlighted this whale accumulation.

    Bitcoin reached a peak of $73k in March and analysts are bullish the market will see a new bull run that could take BTC to above $100k in coming months.

    The price of Bitcoin hovered around $66,527 at the time of writing.



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  • Dogwifhat (WIF) price forecast amid pullback as Algotech’s ALGT token presale nears $4M

    Dogwifhat (WIF) price forecast amid pullback as Algotech’s ALGT token presale nears $4M

    • Dogwifhat (WIF) price dips 14.35% to $3.31 in a day; however, still 51% higher than a month ago.
    • WIF price is projected to surge to $4.2 if it holds the current support level.
    • Algotech’s $ALGT presale raises $3.7M; token priced at 0.08 tether.

    Dogwifhat (WIF) has experienced a significant price pullback causing concern among investors.

    As WIF retraces, investors are turning to new crypto projects like Algotech that are offering investment opportunities with their presale stages.

    Dogwifhat (WIF) price pullback causes concern

    Dogwifhat (WIF) has faced a notable downturn, with its price plummeting by 14% within a day, marking the largest single-day price drop over the past seven days.

    At present, the token is trading at $3.31, marking a substantial decline from its peak of $4.8189 reached on March 31, 2024.

    Despite this pullback, Dogwifhat’s price remains 51% higher than a month ago, showcasing its overall growth trajectory although investors are starting to get worried about what the future holds.

    Dogwifhat price prediction

    There are mixed sentiments regarding Dogwifhat’s (WIF) price forecast.

    While the recent pullback has dampened hopes of the token reclaiming its $4 mark soon, some analysts remain optimistic about its long-term trajectory.

    With the broader crypto market undergoing consolidation ahead of the Bitcoin halving, there’s potential for WIF to regain momentum and surpass the $4 threshold again.

    Some analysts like Pando believe it is just a matter of time before WIF regains its bullish trend, especially seeing that the RSI indicator is almost at its bottom.

    According to Zer0, the WIF token is sitting in an interesting position and if it holds the $3.5 support level, it could easily hit $4.2 soon.

    However, bears persist, there are fears that the once very popular Solana-based memecoin could drop to around $2 in the next few days.

    Algotech: redefining crypto trading

    Algotech emerges as a leading player in the crypto trading sphere, offering a cutting-edge decentralized algorithmic trading platform.

    Powered by advanced algorithms and machine learning capabilities, Algotech empowers traders to navigate complex markets with efficiency and precision.

    The platform’s native token, $ALGT, serves as a gateway for investors to participate in Algotech’s ecosystem and benefit from its innovative trading solutions.

    The $ALGT token plays a crucial role in Algotech’s ecosystem, providing investors with voting governance rights and ownership stakes in the platform. Moreover, early investors in $ALGT stand to receive dividends from the profits generated by Algotech’s trading strategies, which encompass futuristic approaches such as hedging and mean reversion.

    This unique model incentivizes investor participation and aligns interests towards the platform’s growth and success.

    Algotech presale

    Investors have shown significant interest in the ongoing Algotech presale, with the total raised amounting to $3,723,875.680 so far.

    The presale presents an opportunity for investors to acquire $ALGT tokens at the current stage price of 0.08 tether, with the price set to increase to 0.10 tether in the next stage.

    With a minimum purchase requirement of $25, investors of all levels can participate in Algotech’s vision of revolutionizing trading through cutting-edge technology. The presale accepts various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others.

    Conclusion

    As Dogwifhat (WIF) navigates through the current price retracement, investors remain optimistic about its long-term prospects, buoyed by positive price predictions and market dynamics.

    Concurrently, Algotech’s $ALGT token presale continues to gather momentum, offering investors an opportunity to participate in the future of algorithmic trading.

    With both entities poised for growth and innovation, the crypto landscape awaits exciting developments in the coming months.



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