After failing to break above significant resistance levels, XRP is once again trading close to the $1 mark. The small ascending support trendline that held throughout the majority of July is now under pressure as the asset has fallen below its short-term moving averages. XRP may soon return to $1, a psychological level that has consistently drawn buyers but is growing more vulnerable after several tests, if sellers are able to disprove this support.
Over the previous few sessions, the technical picture has gotten worse. XRP made a brief attempt to move back toward the 50-day EMA, but it was rejected almost instantly, indicating that bullish momentum is still weak. The 200-day moving average is still much higher at $1.43, indicating that the overall trend is still bearish, even though the price is currently trading below the 26-, 50-, and 100-day moving averages. The trading range is getting smaller, which is a worrying signal.
XRP/USDT Chart by TradingViewIn order to keep prices stable, XRP has been generating lower highs while depending on a progressively rising support line. Because the dominant trend is still downward, this structure frequently resolves with a sharp breakout. Unless buyers abruptly reclaim nearby resistance around $1.11-$1.12, the likelihood favors a move to the downside. A bullish reversal is also not currently supported by volume.
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During recent attempts at recovery, trading activity has remained comparatively low, suggesting that buyers are reluctant to commit new funds. In the meantime, before XRP could gain any significant upward momentum, each push toward resistance has drawn selling pressure. Near 48, the Relative Strength Index is in a neutral range that allows for movement in either direction. Nonetheless, declining price action and a neutral RSI typically indicate waning momentum rather than accumulation.
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Before confidence in a long-term recovery can resume, bulls would prefer to see the RSI rise back above 50 along with increased trading volume. The $1 barrier is still crucial. After multiple tests, psychological support frequently deteriorates, and XRP has already spent a number of weeks just above that level.
Stop-loss orders may be triggered by a daily close below $1, which would hasten selling toward the next support area at $0.95. Bulls have a simple but difficult path. While maintaining the ascending support line, XRP needs to recover the moving averages that are grouped between $1.11 and $1.15.
The asset is currently at one of its most significant technical crossroads in recent months, as the risk of losing the $1 level increases considerably in the absence of that recovery.
Zcash's psychological thresholdAfter yet another erratic week, Zcash has returned to one of the most significant psychological price levels of its current cycle, with the asset trying to hold above $500. The privacy-focused cryptocurrency has fallen below its local highs near $580 due to recent selling pressure, but the overall technical structure is still positive, so the upcoming sessions will be crucial in determining whether the most recent decline is just a healthy correction or the start of a deeper retracement.
ZEC/USDT Chart by TradingViewTechnically speaking, ZEC is still trading above every significant moving average. The 100-day and 200-day moving averages are significantly lower, at $460 and $408, respectively, while the 50-day EMA is situated around $476.
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Despite recent weakness, this alignment shows that the long-term trend is still bullish. Buyers maintain the overall advantage as long as the price remains above these dynamic support levels.
Because it now acts as both a short-term technical pivot and psychological support, the $500 area is especially significant. In order to absorb profits from traders who entered much lower, Zcash required a period of consolidation following an intense rally in May and July.
Compared to the explosive buying that drove the previous breakout, the current decline has coincided with noticeably lower trading volume, indicating that panic selling has not yet taken hold. Additionally, momentum indicators suggest a cooling rather than a complete reversal. After previously reaching overbought conditions, the Relative Strength Index has retreated to the neutral zone around 49. With this reset, the market has more room to make a higher move without needing a lot of speculative momentum.
The first upside target is still the recent swing high around $580 if buyers are successful in defending the $500 region. A strong move above that level could reopen the path toward the $650–$680 area, where ZEC faced significant resistance earlier this year.
Hyperliquid's price testOne of the most significant support zones that Hyperliquid (HYPE) has tested since its explosive rally earlier this year is drawing closer. The token has retreated toward the 100-day moving average around $57, where buyers are starting to show signs of returning to the market, following a decline from recent highs above $75. A recovery toward $70 is still a plausible scenario if this level holds.
HYPE/USDT Chart by TradingViewAlthough a large portion of HYPE's July gains have been erased by the recent correction, the overall trend has not yet broken. The 100-day moving average is serving as immediate dynamic support, and the asset is still trading comfortably above its rising 200-day moving average near $50. As a result, a technical cushion is created, which may serve as the basis for another bullish leg. Support at $57 is especially crucial because it corresponds with past breakout territory.
After a powerful rally, markets frequently revisit previous resistance, and successful retests frequently serve as the impetus for subsequent advances. Today's candle indicates that buyers are defending the level despite ongoing selling pressure, suggesting that HYPE has so far respected this area. Momentum indicators also suggest that the correction may be getting close to exhaustion.
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The Relative Strength Index is at its lowest point in a few weeks, falling into the low 40s. This shows that the overheated conditions observed during the June rally have essentially been reset, even though it does not necessarily indicate a reversal. In the past, once momentum cooled into this range, HYPE frequently resumed its uptrend. The short-term and medium-term moving averages, concentrated between $63 and $65, currently represent the biggest barrier for bulls.
A clear close above those levels would probably rekindle buying interest and refocus attention on the $70 mark. After that, the next obvious target is the prior highs, which were between $75 and $76.
Conversely, the bullish outlook would be considerably weakened if the $57 support were lost. Stronger long-term support is found at the 200-day moving average near $50, and a breakdown below the 100-day moving average could expose HYPE to a deeper correction.
As of right now, though, the chart continues to favor a rebound over a trend reversal. HYPE is positioned on a technically important support zone, the long-term structure is still bullish, and the correction has restored momentum to healthier levels. A recovery toward $70 is very likely in the upcoming sessions if buyers continue defending this area.
Bitcoin has rebounded toward the $64,000 mark before dropping to 62K. However, blockchain analytics firm Glassnode isn’t convinced and says the recovery is not as strong as it looks. While institutional interest is slowly returning, weak spot demand, lower trading activity, and cautious derivatives positioning suggest the rally is still missing broad market conviction.
The Rally Lacks Strong Buying SupportAccording to Glassnode, several on-chain indicators show that Bitcoin’s recent recovery has been driven by thin liquidity. This is occurring rather than aggressive buying.
bitcoin:native recovered toward $64K, but weak spot participation and subdued on-chain activity suggest the move lacks broad conviction. Institutions are returning, while options remain defensive.
Read this week’s Market Pulse👇https://t.co/5XDjtDSiHl pic.twitter.com/EVlTuoUHYH
— glassnode (@glassnode) July 13, 2026 Some of the key metrics include:
Bitcoin’s 14-day RSI jumped from 50.8 to 66.9, pushing the asset close to overbought territory.Spot trading volume dropped 21.5%, falling from $5.2 billion to $4.1 billion over the past week.Spot Cumulative Volume Delta (CVD) flipped from +$17.2 million to -$58.8 million. This means aggressive sellers are now outnumbering aggressive buyers even as prices rise.Perpetual futures CVD also plunged from $457.5 million to $83.9 million, showing buyers are gradually losing momentum.Glassnode summed up the situation by saying the advance has been driven by “relatively thin liquidity rather than broad-based buying conviction.”
Retail Traders Stay CautiousRetail sentiment has also started cooling as Bitcoin struggles to stay above $63,000.
The broader crypto market slipped about 1.1%, bringing the total market capitalization to roughly $2.24 trillion. More than $250 million worth of leveraged crypto positions were liquidated over the past 24 hours. Nearly $200 million of that came from long positions.
Meanwhile, futures open interest remained almost unchanged, slipping only slightly from $31.4 billion to $31.3 billion. This suggests traders are holding positions but without strong confidence. Options open interest increased modestly to $28.1 billion. However, it remains below its historical statistical range.
Altcoins Show Mixed PerformanceMajor altcoins delivered mixed results during the market pullback.
XRP posted the biggest decline among large-cap cryptocurrencies, falling around 1.5% as retail sentiment shifted from extremely bullish to bearish.Ethereum, Solana, BNB, and Dogecoin all declined by less than 1%.Ethereum traded near $1,782, with traders closely watching $1,700 as key support and $1,840-$1,850 as the next resistance zone.Crypto analyst Ted Pillow said that as long as Ethereum stays above $1,750, the path toward $2,000 remains open.
What Comes Next?Glassnode says the next few trading sessions will determine whether buying activity strengthens enough to support the rally.
On-chain analyst Ali Martinez added that whale accumulation has continued since June, with Bitcoin’s Accumulation Trend Score remaining close to 1. However, he warned that after losing the $63,000 mid-range level, Bitcoin could retest support near $61,700. It may do this before attempting another move higher.
Overall, this week’s CPI and PPI inflation data, possible Strategy (MSTR) Bitcoin accumulation updates, and renewed discussions around the CLARITY Act all could influence market direction.
Story Ends Here
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Bitcoin has slipped into a quiet lull that reminds traders of previous pre-breakout periods. On Sunday, the largest digital asset drew close to a power law support trendline that Fidelity’s director of global macro, Jurien Timmer, has followed since 2015. According to the market update, Timmer labels current levels an accumulation zone. His hesitation is not about the valuation floor but about what he calls the absence of a catalyst to push price off that floor.
The Power Law Baseline A power law support line is not a moving average or a psychological round number. It represents a mathematical relationship where Bitcoin’s price rises as a constant power of the time since its genesis. Fidelity has used this tool for more than a decade to gauge whether Bitcoin is undervalued relative to its network adoption trajectory. The line has held through multiple cycles, including the 2018 trough and the 2022–2023 bear market bottom. Each prior touch was followed by an eventual repricing higher, sometimes after weeks of sideways drift.
Timmer’s accumulation zone call is important because it frames the current price not as a breakdown but as a possible re-entry region for longer-horizon capital. Still, he is careful. The macro backdrop in mid-2026 is fundamentally different from the zero-rate environment that fueled the 2020–2021 rally. Sovereign bond yields remain elevated, and risk appetite has been selective. That changes how much weight the historical pattern can carry.
The Missing Catalyst Accumulation zones without an immediate trigger can stretch into months of frustration. The last two times Bitcoin visited the power law support, the bounce was ignited by either a sharp dovish pivot from the Federal Reserve or a surge in spot ETF inflows. Neither is visible right now. Rate cuts are pencilled in for late 2026 at the earliest, and ETF flows have turned lukewarm after a strong first quarter.
Regulatory posturing adds another layer. A push by traditional banking interests to alter a landmark crypto bill just days before a Senate vote has created fresh uncertainty around market structure rules in the United States. The intensifying regulatory pressure from traditional banking interests makes it harder for institutional desks to commit fresh capital until the legislative path resolves. Market makers are in a holding pattern, reflected in shrinking order book depth on major exchanges.
Timmer’s phrasing is deliberate. He is not calling a top or a collapse. He is simply noting that the math says support, but the real world lacks a reason to wake up the bid. That gap between historical precedent and current macro conditions is where the story sits.
Broader Market Rotations While Bitcoin wrestles with its trendline, capital has not gone dormant. It has moved into corners of the market where momentum is easier to find. Tokenized real-world assets crossed $20 billion on-chain in recent weeks, driven by direct settlement experiments between major institutions. That institutional wave in digital assets shows that large players are still building infrastructure even when spot Bitcoin looks stuck. Meanwhile, altcoins with fresh institutional staking narratives have posted sharp rallies. Sui surged 18% in a single session after a Nasdaq-linked firm began staking large amounts, underscoring that demand for yield-bearing assets is far from exhausted.
These rotations are a double-edged signal. They confirm that institutional interest in crypto has not disappeared, but they also highlight that Bitcoin is currently losing its role as the first port of call for new money. When large traders pivot to altcoins and tokenized Treasuries, it often means they are seeking returns without the macro overhang that still clamps down on Bitcoin’s price discovery.
What Could Break the Stalemate A bounce off the power law line does not require a dramatic news event. It could begin as a low-volume squeeze that catches short sellers off guard, then gather momentum if ETF creation activity resumes. The catalyst Timmer mentions could be as mundane as a softer-than-expected inflation print that reopens the rate-cut conversation, or a sudden resolution of the Senate crypto bill dispute that clears the regulatory fog. Either would give macro traders a reason to reprice risk.
There is also a structural angle. Bitcoin mining economics have tightened, and several public miners have been selling into any strength to cover operating costs. If that selling pressure eases as older machinery is retired, the path back above the accumulation zone could look cleaner. Until then, the power law line serves as a well-telegraphed floor, but not a launchpad. The market knows where support sits. What it does not know is when demand will agree to show up.
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Bitcoin, Ethereum and XRP bounced after US President Donald Trump said that Iran had called him and wanted to make a deal. US stock futures also turned green following the completion of strikes confirmed by the US Central Command on Thursday.
President Trump Claims Iran Seeks Deal After Second Set of Strikes Stocks and crypto markets reacted positively to President Trump’s latest comments that Iran called him, saying “they want to make a deal so badly.” However, he is unsure about making a deal with Iran again amid ceasefire violations and strikes against US forces in the Middle East.
“I just don’t know if they’re worthy of making a deal. I don’t know that they’re going to honor the deal. That’s the problem,” Trump said. The White House is preparing for a multi-day or even weeks of strikes against Iran over the Strait of Hormuz control.
Bitcoin and XRP bounced after the US Central Command (CENTCOM) said U.S. forces completed strikes on nearly 90 Iranian military targets. These included air defense systems, coastal surveillance sites, missile and drone storage areas, naval assets, and logistics infrastructure
The strikes come after previous operations targeting Iranian military capabilities following attacks on commercial ships in the Strait of Hormuz. CENTCOM says its forces remain on alert and ready to respond.
Meanwhile, sources told CoinGape that Iranian officials rejected Trump’s claim that they are “begging for a deal,” stating that the Trump administration is repeatedly asking Iran to hold back and request talks.
Iran’s IRGC even attacked and hit US military infrastructure in Kuwait’s Camp Arifjan and Ali Al-Salem base in retaliation. It also carried out strikes on the US Fifth Fleet HQ and Sheikh Isa base in Bahrain in a joint missile and drone operation, as per Tasnim.
BREAKING: Iran's IRGC announces it has attacked and hit US military infrastructure in Kuwait's Camp Arifjan and Ali Al-Salem base, along with the US Fifth Fleet HQ and Sheikh Isa base in Bahrain in a joint missile and drone operation, per Tasnim.
The IRGC calls this the "first…
— The Hormuz Letter (@HormuzLetter) July 9, 2026
Bitcon and XRP Climb Higher Bitcoin (BTC) and XRP bounced from recent lows as traders saw Trump’s remarks on Iran as signs of negotiations. BTC dipped near $61,500 earlier amid renewed US-Iran war tensions, but buy-the-dip sentiment triggered a bounce above $62,500.
XRP also recovered, holding near $1.09 after sliding from $1.16 amid US-Iran ceasefire violations. This rebound also comes amid positive developments, including Ripple signing XRP jersey patch deal with Kansas Jayhawks.
In addition, FOMC Meeting Minutes revealed that Fed officials support holding interest rates steady for longer, despite a rate hike still on the table. Bitcoin and XRP trading volumes remain in the red as traders await macro and clear technical catalysts.
Bitcoin has started July on a solid footing, consistent with its historically strong seasonal performance. Supportive comments from President Trump, including remarks that the US is “taking over crypto” and SEC pro-crypto rules changes, have helped sentiment. BIT predicted Bitcoin faces initial resistance at $65,955.
#BTC
If history repeats, things are likely going to pick up for Bitcoin and its Summer relief rally in the second half of July$BTC #Bitcoin
— Rekt Capital (@rektcapital) July 8, 2026
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Key Takeaways The KOSPI index bounced back 5.76% on Friday to close at 8,088.34 after plunging to 7,300 in early morning trading SK Hynix climbed 10.88% while Samsung Electronics advanced 8.22%, erasing much of Thursday’s devastating losses News of potential collaboration between AI firm Anthropic and Samsung on custom hardware development boosted sentiment Market analysts describe Thursday’s panic selling as excessive reaction to Meta’s AI capacity monetization plans SK Hynix revealed plans for a $29.4 billion stock offering alongside an upcoming Nasdaq ADR listing to attract global investors South Korean equities mounted an impressive recovery on Friday following one of the market’s most brutal sessions in years.
The KOSPI benchmark plummeted to 7,300 during morning hours before rallying to finish 5.76% higher at 8,088.34. Trading had been suspended on Thursday after the index crashed 7.89%, triggering automatic circuit breakers.
Major Semiconductor Stocks Drive Market Rebound SK Hynix soared 10.88% on Friday, bouncing back from Thursday’s devastating 14.6% plunge. Samsung Electronics climbed 8.22%, recouping a significant portion of its 9.1% decline from the previous session.
SK hynix Inc. (000660.KS) These semiconductor giants represent the heaviest weightings in the KOSPI. Their performance heavily influences the broader index direction.
Market sentiment received additional support from emerging reports suggesting Anthropic, an artificial intelligence company, is negotiating with Samsung to co-develop specialized hardware solutions.
American memory chip manufacturer Micron experienced a 5.5% decline on Thursday, settling at $975.56. Despite the pullback, the stock maintains gains exceeding 166% year-to-date as memory semiconductors remain central to AI infrastructure investment themes.
The KOSPI has surged approximately 92% in 2026, establishing itself as the globe’s top-performing major equity index. This substantially outpaces the S&P 500’s 9.3% advance during the same timeframe.
Market Experts Label Thursday’s Panic Selling as Excessive The catalyst for Thursday’s market collapse was a report indicating Meta intends to monetize excess AI computing infrastructure. Market participants interpreted this as a signal that artificial intelligence capital expenditure had reached its zenith.
Multiple South Korean financial institutions challenged this interpretation.
Kim Joong-han, an analyst at Samsung Securities, argued that computing capacity remains in “absolute shortage” and suggested the entire sector, Meta included, continues facing capacity constraints.
Kim Young-gun from Mirae Asset Securities characterized the selloff as “a valid window for bargain buying in semiconductor stocks.”
Mirae Asset projects global technology giants will deploy $806 billion in capital expenditures this year, representing a 73% year-over-year increase. The firm anticipates spending growth exceeding 20% in the following year.
Major technology companies disclosed combined order backlogs totaling $2.1 trillion in Q1, marking a 24% quarterly increase. Approximately $656 billion of these orders are projected to convert into revenue within a two-year window.
In a separate development this week, SK Hynix’s board greenlit a substantial $29.4 billion secondary share offering in conjunction with plans to list American Depositary Receipts on the Nasdaq Global Select Market.
This strategic initiative could broaden SK Hynix’s shareholder base and enhance access to American capital markets. Analysts identify potential dilution and market absorption capacity as primary concerns surrounding such a substantial equity raise.
The market faces its next critical test on July 7, when Samsung is scheduled to publish preliminary second-quarter financial results. These figures will likely determine whether Friday’s rally proves sustainable or merely represents a temporary reprieve.
3 July 2026 | 09:57 XRP is showing signs of potential stabilization as on-chain exhaustion meets an early technical recovery, though market participants are watching for volume confirmation at overhead resistance levels.
Key Takeaways XRP is currently trading near $1.10. Santiment reports record lows in 30-day and 365-day MVRV ratios. The price has pushed back above the 50-period and 100-period SMAs on the 4h chart. Still under all SMAs on the daily chart. XRP is showing signs of potential stabilization as on-chain exhaustion meets an early technical recovery, though market participants are watching for volume confirmation at overhead resistance levels.
Current Market Context On-chain data from Santiment indicates that both short-term and long-term holder cohorts currently hold significant unrealized losses, with 30-day and 365-day MVRV ratios at approximately -45% and -47%. The MVRV (Market Value to Realized Value) ratio serves as a critical thermometer for market sentiment; it essentially compares the current market price to the “average cost basis” of all tokens in circulation. When these figures plummet into negative double digits, it historically signals that speculative “froth” may have been removed, potentially leaving only long-term conviction holders in the market.
XRP Ledger MVRV buy zone. These levels represent extreme realized-value stress when measured against XRP’s 12-year history. Such positioning often precedes a contrarian reaction, as the majority of forced selling may have been absorbed by the market. Price action on the 4-hour chart reflects this potential shift. XRP recently reclaimed the 50-period SMA at $1.0563 and is currently testing the 100-period SMA at $1.0991. This development signals a technical recovery from the $1.035 base formed in late June.
XRP 4-hour technical chart. Convergence and Constraints The on-chain extremes and the recent technical reclaim point in a similar direction. The Relative Strength Index (RSI) is currently at 64.36, rising above the 55.19 signal line, which correlates with the recent momentum shift. However, as the RSI nears the overbought threshold, the current move may be reaching a point of maturity.
Caution remains appropriate for those assessing the strength of this bounce. In professional technical analysis, volume is the “fuel” that validates price movement. The current advance into the 100-period SMA is occurring on lighter volume than the surge seen on July 2. When price rises without a corresponding increase in volume, it may suggest that the move lacks the institutional conviction required for a sustained breakout, often signaling that the rally could be vulnerable to profit-taking.
Key Levels to Monitor Immediate Pivot ($1.0991): The 100-period SMA serves as the immediate threshold. Price holding above this level could keep the relief-rally scenario intact. Overhead Resistance ($1.1388): The 200-period SMA represents the next primary hurdle. Clearing this level may be required to transition from a relief bounce to a broader trend change. Support Floor ($1.0563): A slip back under the 50-period SMA could undercut the current setup, regardless of how stretched the MVRV metrics appear. The convergence of oversold on-chain positioning and an early technical reclaim on the 4-hour chart provides a constructive signal for a potential relief rally. However, it is essential to view this through the lens of the higher timeframe. While the 4-hour chart shows momentum shifting, the 1-day timeframe presents a starkly different reality: price remains firmly below the 50-day SMA ($1.2075), 100-day SMA ($1.2978), and 200-day SMA ($1.4861). These daily moving averages remain stacked in a bearish order, sloping downward and reinforcing a macro downtrend that has been intact since February.
XRP 1-day technical chart. Previous attempts to flip this trend have stalled against these same descending averages. The current price action at $1.10 sits within a falling channel, structurally mirroring earlier failed relief efforts. Furthermore, while the daily RSI is recovering, it remains near 45.88 and has yet to reclaim the 50 midline. Given this, the current move may still be characterized as a counter-trend bounce within a larger bearish structure rather than a confirmed reversal.
Confirmation of sustained buying interest, specifically a reclaim of the 50-day SMA at $1.2075, could be necessary before a more significant trend change is established. Until then, the burden of proof remains on the bulls, as the base case continues to favor a relief rally that may be vulnerable to the same overhead resistance that absorbed prior attempts earlier this year.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve high risk. Consult a professional before making any investment decisions.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
MemeCore (M) rebounds nearly 150% this week and trades at $1.66 after its treasury announced a buyback worth more than $10 million.
The token collapsed 76% on June 25 and briefly traded near $0.50. Weekly and daily charts now show the recovery pressing into resistance zones that could decide the next major move.
MemeCore Weekly Price Chart. Source: CoinGeckoA $10 Million Buyback Answers the 76% CrashMemeCore’s M token fell from $2.66 to an intraday low of $0.50 on June 25, a crash that pushed its market cap from around $3.5 billion to $903 million. The selloff arrived without any confirmed catalyst.
Onchain investigator ZachXBT connected the collapse to structural weaknesses he had flagged months earlier. He cited less than $100,000 in onchain liquidity on BNB Chain against a market cap still near $900 million.
“Myself, Mlm, & Wazz previously highlighted a number of red flags on X about MemeCore with inorganic supply concentration and deceptive practices by its team to boost user numbers,” he said on Telegram.
Meanwhile, trader Ash Crypto estimated that the selloff liquidated around $8 million in long positions. MemeCore responded days later with a treasury buyback worth more than $10 million, as trader rapperr111 noted on X.
The team stated that an internal investigation found no protocol or infrastructure issues. It also denied any selling by the team or foundation and attributed the crash to a single large market sell order. This explanation has not been independently verified.
The announcement coincided with the start of the recovery. M has since climbed back to rank 40 by market cap after falling to 72 during the crash.
Another day, Another scam.
MemeCore $M crashed -85% in the last 24 hours, wiping out $2.7 billion in market cap and liquidating $8 million in longs.
Reasons:
– According to reports, an estimated 99% of the supply is held by insiders, making the float smaller.
– This makes it… pic.twitter.com/Zky9i92UWv
— Ash Crypto (@AshCrypto) June 25, 2026 MemeCore Rebound Holds the Key Weekly Support ZoneThe weekly chart shows the crash candle wicking down to $0.53 before buyers stepped in. Notably, the selloff stopped almost exactly at the support zone between roughly $0.60 and $0.85.
This area acted as resistance from July to August 2025, before the token began its long rally toward the all-time high. Historically, such flipped zones often generate strong demand, and the current bounce fits that pattern.
M weekly chart / Source: TradingviewHowever, the breakdown also destroyed the long-term ascending trendline that had guided M since mid-2025. That trendline now converges with the horizontal supply zone near $1.80, directly above the current price.
The weekly RSI stands at 45, reset from readings above 80 near the April peak. Therefore, a reclaim of $1.80 could open the path toward the next supply zone between $2.80 and $3.00. In contrast, rejection at $1.80 would signal downtrend continuation toward the $0.60 to $0.85 area.
M Price Prediction as the $2.10 Fib Caps the BounceThe daily chart confirms the June 25 breakdown, which cut through the 0.5 Fibonacci retracement at $2.63 on record volume. The decline extended for several sessions and bottomed near $0.41.
Since then, buyers have reclaimed the 0.236 Fib at $1.46. M trades at $1.66 at press time, up 54% in 24 hours, according to BeInCrypto Markets data.
The next target is the 0.382 Fib level at $2.10, which is around 27% above the current price. A breakout there would expose the 0.5 Fib at $2.63, which coincides with the descending trendline drawn from the April 24 all-time high of $4.85. This confluence makes $2.63 the decisive barrier for the entire recovery.
M daily chart. Source: TradingviewMomentum supports the bulls for now. The daily RSI has recovered to 43 after printing oversold readings near 20 during the crash. A previous analysis showed M respecting the same Fibonacci structure in May, before the trend reversed.
On the downside, a break of the 0.236 Fib at $1.46 would invalidate the bullish setup and expose the $0.85 to $0.60 support again. Whether the buyback marks a durable bottom or only a pause in the downtrend now depends on the $2.10 test.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are showing multiple long-term bottom, according to technical analysis by a prominent analyst.
Bitcoin’s Macro Bottom ZoneIn an X post on July 2, crypto chart analyst Ali Martinez pointed to historically reliable technical and on-chain indicators that suggest accumulation may be underway.
For Bitcoin, Martinez identified $48,300 as the most important long-term accumulation level.
The price corresponds to Bitcoin’s Investor Price, an on-chain metric that estimates the average acquisition cost of economically active coins by excluding permanently lost Bitcoin.
Historically, Bitcoin has found major bear-market bottoms around this level, making it one of the market’s most closely watched long-term support metrics.
Over the past month, retail investors holding less than one Bitcoin and mid-sized holders with 10 to 100 BTC have led the buying activity.
Meanwhile, the largest entities controlling between 1,000 and 100,000 BTC have also turned into net buyers, albeit at a slower pace.
Martinez said synchronized buying by both retail investors and whales has historically coincided with durable market bottoms and laid the foundation for longer-term recoveries.
ETH Monthly Buy Signal ReturnsIn another X post on July 3, Martinez said Ethereum has entered a historically significant support zone, with $1,100 representing the lower boundary of its long-term price channel dating back to 2021.
Every previous test of the channel floor has attracted aggressive buying, making the level one of Ethereum’s highest-conviction long-term accumulation areas.
If Ethereum successfully defends the support, Martinez projects an initial recovery toward the channel midpoint near $3,000, followed by a potential move toward the upper boundary around $5,000, which aligns with prior cycle highs.
Adding to the bullish outlook, Martinez highlighted that the TD Sequential indicator has printed a fresh monthly buy signal for Ethereum.
Previous monthly sell and buy signals preceded a 78% correction from the 2021 highs, a 235% rally following the 2022 bottom and a 182% advance after the March 2025 buy signal.
The latest signal, Martinez said, points to macro-level seller exhaustion and raises the possibility that Ethereum is carving out another major bottom.
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Bitcoin enters the third quarter still in a bear market, with technical analysis suggesting one more leg lower remains likely before a bounce develops in July, followed by a sharp bearish August and a possible final low forming around October.
Where Bitcoin Stands Right Now
The current structure remains clearly bearish according to Elliott Wave analysis tracking the decline since June. Bitcoin is consolidating between micro support and resistance, with the first resistance zone sitting between $60,812 and $62,589.
A break above that level would be the first signal that the anticipated Q3 bounce has begun. Until then, one more low remains the more likely scenario, potentially testing the $55,500 to $56,000 support cluster that aligns with a larger Fibonacci support zone on higher timeframes.
The broader market regime indicators reinforce the bearish read. A 365-day regime divider confirms Bitcoin remains in bear market conditions, and price is currently trading below an entire bearish-aligned moving average ribbon spanning $64,000 to $81,000, closely matching the $67,000 to $77,000 resistance zone that has rejected multiple rally attempts this cycle.
Why July Could Bring Relief
Despite the bearish backdrop, seasonality offers a genuine reason for optimism in the near term. Historical data shows July has consistently been one of the stronger months for Bitcoin even during bear market years, often producing a corrective three-wave rally before renewed selling resumes. August, by contrast, has historically been one of the most bearish months of the year.
A bullish divergence is also forming on the RSI, with price posting a lower high while the RSI itself prints a higher low, a pattern that frequently precedes short-term rallies back toward resistance. Combined with the seasonal pattern, this supports the case for a July bounce, whether as a smaller wave two within the current decline or a larger corrective structure.
The Q3 Targets
If the current Elliott Wave structure plays out, Bitcoin’s first major downside target sits near $39,000, based on a 100% Fibonacci extension from the recent wave structure. The path there could be direct or could involve an extended bounce first. On the upside, any July rally is expected to face resistance between $67,000 and $77,000, with the 200-day moving average near $75,000 reinforcing that zone.
Time cycle analysis points toward a potential final low forming around October, give or take 30 days, consistent with how previous Bitcoin bear markets have typically lasted between 360 and 380 days. This would place the end of the current bear market squarely within Q4 2026, setting up the next bull market phase.
Story Ends Here
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Sign Of Good Things To Come?Bull Theory interpreted the rally of MSTR stock and Perpetual Stretch Preferred Stock (NASDAQ:STRC) as evidence that Strategy is about to execute buybacks on both, not just leave the authorization unused.
“This is optimism building around active capital management rather than just Bitcoin accumulation, the market is betting Strategy can actually defend STRC’s price this time,” the market commentator said.
Khing Oei, Founder and CEO of Treasury, praised the framework, adding,” That is how a Bitcoin-backed credit business is supposed to operate. And these are the types of strong actions by management that are required in times of market stress.”
Will The Rally Stall?Popular cryptocurrency analyst Crypto Rover, however, questioned the new framework, noting that a company that is increasing payouts merely to keep the structure intact may not be as robust as it appears.
The analyst also wondered if the latest spike is a “dead cat bounce dressed as a comeback.”
Ali Martinez, a widely followed cryptocurrency analyst and trader, turned bearish on MSTR after confirming a head-and-shoulders pattern on the stock’s weekly chart
The head and shoulders chart pattern depicts a bullish-to-bearish trend reversal, signaling that an upward trend is nearing its end.
The analyst set a downside target of $28, marking a 70% drop from current levels.
More Bitcoin Sales On The Horizon?The sweeping new framework is designed to strengthen Strategy’s preferred securities, enhance liquidity and preserve long-term Bitcoin exposure.
The key aspect is a new Bitcoin monetization program that lets the company sell BTC to raise up to $1.25 billion for cash reserves, pay preferred dividends and interest on debt, and support repurchases of preferred and common stock.
However, the new framework drew sharp criticism from longtime Bitcoin critic Peter Schiff, who said that the Michael Saylor-founded firm is transitioning from being Bitcoin’s largest corporate buyer to a Bitcoin seller.
Price Action: At the time of writing, BTC was exchanging hands at $59,639.58, down 0.61% over the last 24 hours, according to data from Benzinga Pro.
Strategy shares rose 0.73% in after-hours trading after closing 12.60% higher at $92.68 during Monday’s regular trading session.
Benzinga’s Edge Stock Rankings indicate that MSTR has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
Photo: PJ McDonnell / Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Coinglass historical data reportedly shows July has often been a positive month for XRP. XRP enters the period after a difficult first half, including a 27.1% Q1 drawdown and a 22.4% Q2 drawdown. Seasonality is historical context, not a reliable prediction on its own. Seasonality After Q1/Q2 Weakness: Why This Story Matters XRP Prepares for July Bounce-Back as Price History Points to Positive Third Quarter Seasonality has become one of the stronger weekend crypto stories because it sits at the intersection of price action, market structure, and the kind of narrative that traders tend to follow closely when the broader news cycle slows down.
The key point is not simply that historical seasonality data points to positive July averages for XRP. It is that the development gives the market a fresh way to judge whether the current crypto environment is being driven by genuine network adoption, regulatory progress, liquidity shifts, or short-term speculation.
The Main Details According to UToday, historical seasonality data points to positive July averages for XRP. The report also notes that xRP suffered a 27.1% Q1 drawdown and 22.4% Q2 drawdown.
That distinction matters because crypto markets often move first on headlines and only later separate durable developments from short-lived momentum. In this case, the verified boundaries are especially important: Do not imply past performance guarantees future returns.
Market Context For traders, the story arrives at a moment when crypto assets are still trying to define a clearer direction. Bitcoin remains the anchor for broader sentiment, but altcoin narratives are increasingly being judged on their own fundamentals, including usage, liquidity, compliance, treasury activity, and developer progress.
That makes this development relevant beyond a single token or company. If the underlying trend proves durable, it could help shape how investors evaluate XRP, Coinglass, Seasonality, Technical Analysis over the coming weeks. If it fades, however, it may become another example of a strong weekend narrative that struggled to translate into sustained market follow-through.
What To Watch Next The next important question is whether the market receives further confirmation from primary sources, dashboards, official announcements, or on-chain data. Follow-up disclosures, exchange data, governance updates, or wallet activity could all help clarify whether this is an isolated headline or the start of a broader theme.
Readers should also watch whether liquidity responds. In crypto, even fundamentally meaningful developments can fail to move prices if traders remain defensive, leverage is being unwound, or capital is rotating into other sectors. That is why this story should be read alongside broader market structure rather than in isolation.
This report is based on information from Coinglass.
This article was written by the News Desk and edited by Samuel Rae.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
After weeks of constant selling pressure, Shiba Inu may be beginning to show signs of life, but investors should exercise caution before declaring a trend reversal. According to the most recent daily candle, buyers are trying to protect the recent lows, which could lead to a local bounce setup.
Shiba Inu remains in downtrendThe crucial question is whether this grows into something more. SHIB has been caught in a strong downtrend for the past month. The asset is still trading below the 50-day, 100-day, and 200-day trend lines, among other major moving averages. This demonstrates that despite sporadic attempts at recovery, the overall market structure is still bearish. The behavior close to support is what makes the current situation intriguing.
SHIB/USDT Chart by TradingViewSHIB was able to draw in buyers and print a modest recovery candle after declining toward the $0.0000043–$0.0000044 range. It shows that sellers are no longer driving the asset lower with the same vigor as earlier in June, even though it is not a classic reversal signal. Additional context is provided by volume. Following the most recent breakdown, selling activity has gradually decreased, indicating that a sizable percentage of weak holders may have already sold their positions.
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Before a long-term recovery can start, markets frequently need this kind of exhaustion. Additionally, the Relative Strength Index merits consideration. SHIB is getting close to levels where prior relief rallies have appeared, and the RSI is hovering near oversold territory. Extreme pessimism and a lack of momentum have historically produced favorable conditions for abrupt short-term recoveries. But there are still significant technical obstacles to overcome. The short-term moving average is currently located in the $0.0000049-$0.0000050 region, which is the closest resistance.
Resistances don't give upThe 50-day and 100-day moving averages, which continue to function as dynamic resistance zones, would still be a threat to SHIB above that. Transforming the current bounce candle into a series of higher lows and higher highs is the straightforward goal for bulls. A reversal cannot be produced by a single green candle.
Follow-through buying and the successful recovery of adjacent resistance levels are necessary for confirmation. Instead of a complete shift in trend, SHIB currently seems to be laying the groundwork for a possible relief rally. The market still needs evidence that buyers can maintain control, even though the bounce signal is present. Until then, rather than seeing the current recovery attempt as proof of a fresh bull run, traders should see it as an opportunity.
25 June 2026 | 10:45 Bitcoin and Ethereum are clawing back ground after a brutal session. BTC has bounced to $61,742 from a low of $59,010, and ETH sits at $1,652 after touching $1,550. The recovery is real, but it's happening against a backdrop of $1 billion in liquidations over 24 hours, one of the three largest liquidation events of the past 90 days.
Key Takeaways Bitcoin and Ethereum are bouncing from yesterday’s lows of $59,010 and $1,550. Total crypto liquidations hit $1 billion over 24 hours across 177,031 traders. Bitcoin spot ETFs saw a $469M outflow on June 24, accelerating the break. Thin recovery volume suggests short covering more than fresh buying. On the 2-hour charts, the recovery is clear but worth reading carefully. Bitcoin climbed $2,697, about 4.57%, off its low over roughly 14 hours.
The character of the move matters more than the size, though. Bitcoin’s recovery candles came on thin volume, which points to short covering rather than aggressive new buying. Its 2-hour RSI has climbed back to 48.41 from deeply oversold levels, but with the signal line at 37.36 still below, momentum is turning without yet confirming a reversal.
Until the time of writing Ethereum recovered $102, or 6.59%, across the same window. ETH’s percentage bounce is actually the larger of the two, notable given how much it had been underperforming lately. Volume was more substantial, and its RSI at 50.29 has crossed above its signal line at 38.05, the first bullish crossover on the 2-hour in days. So ETH shows slightly more conviction, but neither chart has confirmed a durable turn.
What Set Yesterday’s Lows: A Liquidation Cascade It looks like the $59K and $1,550 prints were not only organic selling but also forced. Total crypto liquidations hit exactly $1 billion over 24 hours across 177,031 traders, with the single largest a $12.21 million BTCUSDT position on Binance. The composition tells the story.
24-Hour Liquidations Longs Shorts Bitcoin $319.23M $95.50M Ethereum $170.39M $59.64M Total market $780.96M $219.08M The imbalance is the whole point. Across the market, $780.96 million in long positions were wiped versus $219.08 million in shorts, this was overwhelmingly a long squeeze, leveraged bulls getting forced out as price fell. Then the picture flipped on the way back up. In the most recent 12-hour window, $75.48 million in Bitcoin shorts were liquidated against just $3.14 million in longs, and ETH showed the same reversal with $38.09 million in shorts gone versus $3.55 million in longs. In other words, the traders who piled in short near the lows are now the ones getting squeezed, which is the mechanical engine behind today’s bounce.
The ETF Outflows That Amplified It Forced selling wasn’t the only pressure. Bitcoin spot ETFs recorded $469.08 million in net outflows on June 24 according to SoSoValue data, the largest single-day figure in recent weeks. What makes that number more telling is the context: it isn’t a one-off bad day but the sharp acceleration of a multi-day outflow streak, jumping from the prior trend of roughly $60 to $90 million daily into a near-$470 million exit.
The Unified Read Put it together and yesterday reads as a classic long-liquidation cascade, amplified by record ETF selling. The $59K and $1,550 lows were set on forced and institutional selling rather than slow distribution, and today’s recovery is largely short covering against those oversold levels, Bitcoin’s RSI climbing back toward 50, Ethereum’s already crossing its signal line.
The important question is whether it holds, and the bounce’s thin Bitcoin volume is the reason for caution, short-covering rallies can fade once the trapped shorts are flushed. The clearest level to watch is $61K on Bitcoin. If it holds that on a retest, the recovery has a foundation to build on; if it fails to hold $61K and slips back, the market could likely read this bounce as a dead-cat rally and the risk of a return to the $59K low might rise. Ethereum’s equivalent line sits around $1,650. Beyond the chart, the other half of the test is ETF flows, whether the multi-day outflow streak stabilizes or keeps extending. Until those resolve, this is a mechanical recovery from oversold conditions, which is a different thing from a confirmed bottom.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
Litecoin is showing signs of a potential breakout, as its current price structure suggests the formation of an ending diagonal, a pattern often observed near the end of a correction. With the market nearing a critical level, a confirmed move above resistance could signal the start of a new bullish phase.
LTC Forms Potential Reversal Structure On 4H Chart Providing an updated outlook for Litecoin (LTC) on the 4-hour timeframe, Elliott Waves Academy noted that recent price action is starting to exhibit signs of a potential reversal. The current structure suggests that the market may be transitioning out of a prolonged corrective phase, with momentum gradually shifting as the pattern matures.
According to the analysis, LTC appears to be forming an ending diagonal pattern, representing wave (C) within a broader flat correction. This type of formation typically appears in the final stages of a correction, suggesting that the overall corrective move may be nearing completion.
Source: Chart from Elliott Waves Academy on X A decisive move higher will be key in confirming this outlook. If price manages to break above a critical resistance level and push through the upper boundary of the diagonal structure, it would significantly strengthen the bullish case. Such a breakout could trigger the beginning of a new impulsive wave, potentially driving Litecoin toward a new high, with projected targets aligning around the 100% extension of the previous wave’s length.
However, the strength and sustainability of this potential rally will depend on broader market conditions and the level of buying momentum that follows the breakout. Continued demand and strong follow-through will be essential to validate the bullish scenario, while any failure to maintain upward pressure could delay or weaken the anticipated move.
Factors Supporting This Scenario The analyst went on to highlight several key factors supporting this outlook, starting with the development of a diagonal structure identified as wave (C) within a broader wave X. This placement within the larger corrective framework suggests that the market is likely approaching the final phase of its correction, where exhaustion typically begins to set in.
Another important factor is the presence of a well-defined reversal pattern forming near the lower boundary of the structure. Price action in this region shows signs of stabilization, indicating that momentum is shifting and selling pressure may be weakening.
The analyst also emphasized that the overall behavior of the current corrective structure aligns with the expected completion of a diagonal pattern. The way price is unfolding, marked by overlapping waves and slowing momentum, fits the characteristics commonly seen in ending formations. Taken together, these signals strengthen the case that the correction may soon conclude, potentially opening the door for a bullish reversal.
LTC trading at $54 on the 1D chart | Source: LTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Solana (SOL) is showing early signs of recovery as price action begins to stabilize within a defined channel following its recent pullback. With selling pressure easing and buyers gradually stepping in, momentum appears to be shifting toward a potential corrective upswing.
Corrective Recovery Scenario Takes Shape Presenting a wave outlook for Solana on the 1-hour timeframe, Elliott Waves Academy highlights a potential shift in short-term structure. Momentum appears to be cooling on the downside, opening the door for a corrective phase that could reshape the near-term trend.
One of the more probable scenarios suggests a recovery unfolding through a corrective wave, potentially identified as wave (2)/(B). Such a move may develop into a double zigzag structure, a pattern often seen when the market attempts a deeper retracement with buyers gradually stepping back into the market.
A decisive breakout above the upper boundary of the current diagonal pattern would provide early confirmation of this recovery setup. Strength would be further reinforced if price manages to clear the key level associated with the previous bearish wave, signaling that selling pressure is weakening.
Source: Chart from Elliott Waves Academy on X From a Fibonacci perspective, the anticipated recovery zone lies between the 50% and 61.8% retracement levels of the prior downward move. These levels often act as magnets during corrective phases, with the potential for an extended push toward the 78.6% retracement if bullish momentum builds.
For a broader bearish wave to occur, this retracement region must act as a strong resistance zone where sellers regain control. A noticeable increase in selling pressure here could trigger the next leg of the decline. However, if Solana begins to form impulsive waves while maintaining a pattern of higher lows, without revisiting the previous bottom, it would increase the likelihood of a more sustained upside move beyond the corrective phase.
Solana Taps Reversal Zone, Early Bounce Emerges According to crypto analyst BitGuru, Solana has moved into a key reversal zone, where price is showing early signs of a bounce following its recent decline. The reaction in this area suggests that the market may be attempting to establish a short-term floor, with buyers starting to respond to the discounted price levels.
At the same time, selling pressure appears to be gradually easing, pointing to a slowdown in bearish momentum. As downside strength fades, conditions often become favorable for buyers to step in, particularly in zones historically associated with demand.
If Solana can maintain support above this level and continue forming higher lows, the ongoing bounce could develop into a more structured recovery. Such a move may pave the way for a push higher, with price potentially targeting the upper boundary of its recent range if bullish momentum continues to build.
SOL trading at $83 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from Pngtree, chart from Tradingview.com
The Ethereum Foundation is taking a decisive step to strengthen decentralized finance (DeFi) on ETH and launching a new initiative. This move signals a renewed strategic focus on scaling DeFi adoption, improving protocol security, and fostering sustainable growth across lending, trading, and on-chain financial services.
Why Boosting Developer Support And Ecosystem Funding In a key development, the Ethereum Foundation is launching a renewed and more ambitious protocol to strengthen DeFi within the ETH ecosystem. Ethereum Daily has revealed on X that the initiative is being framed as a Defipunk approach, which is centered on building financial infrastructure that is truly permissionless, private, secure, and fully open-source. The goal is to enable anyone, anywhere, to save, borrow, hedge risk, or make payments without relying on big companies like banks or large corporations.
Rather than focusing solely on incremental upgrades to existing applications, like improved stablecoins, the Foundation’s vision reportedly targets deeper structural innovation. The key areas include developing more secure price oracles, enhancing privacy loans to reduce unfair liquidations, and integrating artificial intelligence (AI) to strengthen system security.
With a newly formed DeFi team leading the effort, the foundation is inviting developers who share its vision to help build a financial system that will give users full control and expand accessibility, not just speculators.
How Inflow And Outflow Trends Reveal Strategic Positioning Even as ETH price action has been brutally down from $4,900 to below $2,000, Ethereum spot ETF flows are quietly signaling a shift behind the surface. The head of research at Lisk, analyst Leon Waidmann, stated that the ETF flow dynamics have shown that after a period of heavy outflow around mid-2025, the intensity of selling pressure has been gradually fading.
Meanwhile, the massive inflow waves that were seen in late 2024 and early 2025 have subsided, and the peak panic selling that followed has largely dissipated. The recent ETF flow bars are significantly smaller in both directions compared to the prior volatile period, and sellers are running out of steam.
Source: Chart from Leon Waidmann on X Waidmann noted that this shift is significant because, despite one of the sharpest ETH drawdowns in recent memory, the institutional exodus appears to be exhausting. While the weak hand that wanted out has largely exited, this means there’s no bottom.
However, there’s still a slight outflow bias in recent weeks, indicating that there’s no confirmed accumulation signal yet. Waidmann emphasized that the intensity of the selling pressure is clearly fading, which is the first step that must happen before any trend reversal. In his view, participants should pay attention to when the selling dries up before sentiment recovers, because that’s usually where the next move will start to build.
ETH trading at $2,064 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com
TLDR FLOKI price has decreased by 5.9% in the last 24 hours, now at $0.00003812. The price fluctuated, briefly rising to $0.00004046 before declining steadily. Despite the price dip, FLOKI’s trading volume surged by 53.17%, reaching $59.49 million. Market analysts suggest a potential change, with FLOKI nearing a key support zone in its descending channel. Key target levels to watch for are $0.000052, $0.000078, $0.000117, and $0.000160. For a month now, the FLOKI price has been trending lower, with a 4% dip. During today’s Asian trading session, the meme coin opened at $0.00003899 and then traded in an up-and-down manner. However, market analysts have hinted at a potential change following the formation of a historical downtrend channel that followed a pullback.
FLOKI Price Dips 5.9% in 24 Hours At the time of writing this article, CoinMarketCap data reveals that the price of FLOKI has decreased by 5.9% in the last 24 hours, now standing at $0.00003812. Throughout the observation period, the price fluctuated.
Source: CoinMarketCap The FLOKI price briefly rose to about $0.00004046 before declining steadily. This dip followed an earlier surge, reflecting a moderate price movement. FLOKI’s market cap has decreased by 5.9% to $363.72 million.
Despite the price drop, FLOKI’s trading volume has increased by 53.17% over the past 24 hours, reaching $59.49 million. The volume-to-market cap ratio stands at 16.1%, suggesting relatively high trading activity relative to market value. The price chart displays a period of decline, with the value steadily decreasing throughout the timeframe.
FLOKI Nears Key Support: Bullish Reversal Expected Soon While current market data indicates negative price performance, market analysts have identified a potential change. According to Jonathan Carter’s observation, the FLOKI price chart shows the price moving within a descending channel. The FLOKI price has consistently bounced between the top resistance zone and the bottom support zone.
Source: X Currently, the price is approaching the support zone, where it has previously found buying interest. FLOKI price action shows that the market is defending this key support zone, indicating a potential shift in momentum towards the bulls. As the price nears the midline of the descending channel, a bounce is becoming more likely. This shift could lead to an upward move.
The key target levels to watch for are $0.000052, $0.000078, $0.000117, and $0.000160. These levels represent potential areas of resistance where the price could face challenges. The FLOKI token is currently at a critical point in the descending channel. If the support holds, the price could rise toward these targets, reflecting a possible trend reversal.
A recent MEXC Q3 report highlighted the strong performance of the crypto market during the last quarter, which saw active traders surge as the total crypto market capitalization climbed to the $4 trillion mark.
Spot Market Sees Strong Q3 Performance On Wednesday, crypto exchange MEXC published its Q3 2025 Ecosystem & Growth Report, highlighting sustained expansion, robust user activity, and security from the previous quarter.
According to the report, the exchange experienced strong activity and trading momentum during the market run between July and September, with over 680 new tokens added to the crypto exchange in Q3, representing a 17% increase from Q2.
Moreover, the number of active users trading new listings in the exchange increased 16%, while the trading volume for these tokens surged 97%. The report also noted that the spot market had a “particularly robust” performance last quarter, with the top 10 highest-volume tokens recording an average peak gain of 2,933%, a 158% jump from Q2.
Notably, memecoins, AI + Web3, Perpetual Decentralized Exchanges (DEXs), and stablecoin protocols were among the dominant narratives, with tokens like STBL, Chainbase (C), and DeAgentAI (AIA) showing remarkable 500% to 12,00% performances.
Meanwhile, the BSC ecosystem outperformed all other ecosystems, taking six of the top 10 tokens by growth in the crypto exchange. The report detailed that BSC projects produced an average return of over 9,000%, including TALE, BAS, and MEAL.
It’s worth noting that the BSC outperformed other networks in DEX activity earlier this month, with data showing that it recently ranked first across all chains, surpassing Ethereum and Solana on DEX daily trading and chain fees. Additionally, BSC reached a new all-time high (ATH) of 5.02 trillion gas used in a single day two weeks ago.
MEXC also highlighted that BSC’s strength was matched by the Ethereum and Base ecosystems, which recorded strong performance with GAIA, ERA, and Avantis (AVNT), “representing the growing cross-chain vitality of Layer-2 and DeFi derivative protocols.”
Crypto Losses Trend Slows Down The report revealed that the crypto exchange intercepted 48 fraud cases last quarter, freezing nearly $5 million in illicit funds. As part of its efforts to prevent fraud, it also restricted more than 19,000 suspicious accounts, including 17,000 collusive accounts and over 2,000 bot-trading accounts.
Notably, a concerning trend that has been developing this year, which could drive theft from digital asset services to a new milestone by the end of 2025.
According to Chainalysis, crypto theft this year has been “more devastating” than the entirety of 2024, with over $2.7 billion worth of funds stolen from crypto services in the first half of 2025.
As reported by NewsBTC, hacks significantly increase at the start of Q3, driving over $100 million in losses for exchanges. Q2 showed a diminishing trend in total crypto losses, with May and June recording 40% and 56% month-on-month (MoM) declines, respectively.
This trend briefly shifted in July as the total value of stolen funds surged 27.2% from the previous month. Nonetheless, recent reports show that total funds lost to crypto hacks and exploits dropped around 37% in Q3, despite the market rally and initial trend.
Total crypto market capitalization is at $3.6 trillion on the one-week chart. Source: TOTAL on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
The FUNToken ecosystem has taken its first step into mobile gaming with the launch of Bounce Helix, an arcade-style game now available on Android devices. The release marks the beginning of FUNToken’s broader expansion into mobile-based gaming experiences designed to combine simple gameplay with tokenized digital rewards.
Bounce Helix At a Glance Bounce Helix introduces players to a fast-paced challenge where users guide a bouncing ball through rotating helix platforms while progressing through increasingly difficult levels. The game focuses on quick sessions, smooth controls, and level-based progression that encourages players to keep improving their performance.
What makes Bounce Helix unique within the ecosystem is its reward layer powered by FUNToken. Players who complete levels receive $FUN rewards, bringing blockchain-powered incentives into a casual mobile gaming environment.
Unlike many free mobile games, Bounce Helix has been designed with a simplified experience for players.
Key features include: No ads interrupting gameplay No paywalls required to progress Instant $FUN rewards for completing levels Fast and addictive arcade-style gameplay The launch also signals the beginning of a larger initiative to bring FUNToken into mainstream mobile gaming. Bounce Helix represents the first in a planned lineup of games that aim to merge casual gaming with digital rewards.
By starting with a simple and accessible title, the FUNToken ecosystem hopes to attract both traditional gamers and crypto users who are interested in interactive ways to engage with blockchain-powered platforms.
The mobile gaming industry continues to grow globally, with millions of players engaging in quick-session games daily. Bounce Helix is designed to fit naturally into this environment, offering a familiar arcade experience while introducing players to the $FUN ecosystem.
Users can now download Bounce Helix on Android and start progressing through levels while earning FUNToken rewards along the way.
With Bounce Helix now live, the FUNToken ecosystem signals that mobile gaming will become an important part of its evolving digital entertainment platform.
FUNToken continues its rapid expansion into the mobile gaming space with the official launch of its second mobile game, Knife Strike, now available on Android. Following the success and strong community response to its first release, Bounce Helix, this new title marks another step forward in building a scalable, reward-driven gaming ecosystem powered by $FUN.
Precision Gameplay Meets Real Rewards Knife Strike introduces a skill-based gameplay experience centered around timing, accuracy, and progression. Players are challenged to throw knives at rotating targets, avoid obstacles, and complete increasingly difficult levels.
What sets Knife Strike apart is its seamless integration with the FUNToken ecosystem, where gameplay goes beyond entertainment to deliver real, reward-driven engagement.
Players can:
Progress through levels with increasing difficulty Improve precision and timing skills Earn $FUN rewards based on gameplay achievements This “Earn While You Play” model is a core pillar of FUNToken’s vision to make gaming more rewarding, interactive, and accessible.
Now Live on Android Knife Strike is currently available exclusively on Android, enabling fast access for users globally. The game has been designed for:
Smooth mobile performance Quick play sessions Instant onboarding without friction With no ads and no paywalls, players can focus entirely on gameplay and progression.
Building Momentum After Bounce Helix The launch of Knife Strike comes shortly after Bounce Helix, which has already gained strong traction among players, achieving:
4.2 user rating 10,000+ downloads Growing engagement across the FUNToken community This momentum highlights the growing demand for simple, rewarding mobile games that combine entertainment with real incentives.
Expanding the $FUN Gaming Ecosystem Knife Strike is part of a broader roadmap to bring multiple games into the FUNToken ecosystem. With a steady pipeline of releases planned, the team aims to create a diverse gaming environment where users can:
Play across multiple game formats Earn and utilize $FUN seamlessly Participate in a unified reward economy Each new game strengthens the ecosystem, driving engagement, retention, and long-term utility for the token.With new games planned to launch regularly, the ecosystem is evolving into a comprehensive hub for interactive crypto-powered entertainment.
Play Knife Strike Now Knife Strike is now live and available for download on Android:
https://play.google.com/store/apps/details?id=com.rewardriot.knifestrike
About FUNToken FUNToken is building a next-generation digital ecosystem that combines gaming, rewards, and blockchain technology. By integrating real utility into engaging experiences, FUNToken aims to make earning simple, accessible, and entertaining for users worldwide.
FUNToken has announced the official launch of its third mobile game, Infinite Sinkhole, continuing its rapid expansion into interactive, reward-driven gaming experiences.
Following the successful releases of Bounce Helix and Knife Strike, the introduction of Infinite Sinkhole highlights the team’s consistent execution and growing focus on building a scalable gaming ecosystem powered by engagement and progression.
A New Gameplay Experience Focused on Progression and Challenge Infinite Sinkhole introduces a dynamic gameplay loop where players navigate through increasingly complex levels, testing their timing, control, and decision-making as they progress deeper into the game.
Designed to be simple to start yet progressively more challenging, the game delivers a balance of accessibility and depth.
Infinite Sinkhole follows a player-first approach with no ads and no paywalls, ensuring a smooth, uninterrupted experience where users can focus purely on gameplay and progression.
As players advance through levels, they are rewarded for their progress, reinforcing FUNToken’s core vision of combining gameplay with meaningful incentives.
Strengthening a Rapidly Expanding Game Portfolio The launch of Infinite Sinkhole marks the third release in a series of mobile games introduced within a short time frame. This consistent rollout demonstrates FUNToken’s commitment to building a diverse portfolio of mobile games that cater to different player preferences while maintaining a unified reward experience.
Each game contributes to a broader ecosystem where users can seamlessly engage across multiple titles, with more releases already planned as part of an ongoing expansion strategy.
Building a Unified Gaming Ecosystem Infinite Sinkhole is part of a larger vision to create an interconnected gaming environment where players can explore multiple experiences under a single ecosystem.
By focusing on simplicity, accessibility, and rewarding progression, FUNToken aims to redefine how users interact with digital entertainment, shifting from passive gameplay to active participation.
The addition of new titles like Infinite Sinkhole further strengthens this ecosystem, bringing more variety and engagement opportunities to players worldwide.
Momentum Continues with More Game Releases Ahead With three mobile games now live and more in development, FUNToken is maintaining strong momentum in its gaming roadmap.
The team continues to focus on delivering high-quality experiences at a consistent pace, positioning the ecosystem for sustained growth and long-term user engagement.
The momentum behind $FUN mobile gaming continues to grow as Mad Bus Escape officially surpasses 100,000+ downloads, marking another major milestone for the rapidly expanding FUNToken ecosystem.
Following the success of titles like Bounce Helix, Knife Strike, and Fruit Chop Frenzy, the latest milestone proves that players are actively engaging with the growing lineup of fast, addictive, reward-driven mobile games powered by $FUN.
A Simple Game That Players Keep Coming Back To $FUN Mad Bus Escape brings a simple but highly engaging gameplay experience where players solve traffic chaos, clear blocked paths, and guide buses through increasingly challenging puzzle levels. The easy-to-play mechanics combined with satisfying progression have helped the game attract a rapidly growing player base across Android devices.
Unlike traditional mobile games overloaded with interruptions, $FUN Games continues to focus on a cleaner gaming experience:
No ads No paywalls Fast gameplay Reward-focused ecosystem
This approach has helped $FUN Games build strong player retention while continuously expanding its gaming catalog.
$FUN Games Continues Expanding The success of Mad Bus Escape comes as $FUN Games continues aggressively rolling out new titles across multiple genres including arcade, puzzle, action, and skill-based games.
The ecosystem now includes games such as:
Bounce Helix Galaxy Strike: Cosmic Shooter Infinite Sinkhole Color Pop Quest Fruit Chop Frenzy Knife Strike Mad Bus Escape
Each launch adds more utility, engagement, and visibility to the broader $FUN ecosystem while introducing new audiences to the growing world of reward-powered gaming experiences.
More Than Just Downloads Crossing 100K+ downloads is more than just a number, it reflects growing player interest in accessible mobile games tied to a rewarding ecosystem.
$FUN Games is positioning itself around a simple vision:
Fun-first gameplay
Real ecosystem engagement
Expanding utility for $FUN holders
With more games already in development and new releases planned regularly, the $FUN Games ecosystem continues building momentum as one of the fastest-growing gaming expansions connected to $FUN.
What’s Next? The $FUN Games rollout is still in its early stages. More launches, updates, and ecosystem features are expected in the coming weeks as the platform continues scaling its gaming portfolio.
As player numbers continue climbing across multiple titles, the latest Mad Bus Escape milestone further highlights the growing traction behind the $FUN gaming ecosystem.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Michelle DG
Michelle is an editor at CoinCentral & Blockonomi, covering the latest trends in crypto, blockchain, and digital finance. With a sharp eye for detail and a passion for emerging technologies. [email protected]
The CEO of Fetch.AI (FET) has offered a reward to uncover Ocean Protocol’s move after the project was accused of liquidating millions of tokens, affecting the FET’s price and its holders.
Fetch.AI Vs Ocean Protocol Feud On Tuesday, Humayun Sheikh, CEO of Fetch.AI, offered a bounty $250,000 to anyone who could “uncover the OceanDAO signatories and their connections to Ocean Foundation.” The post followed last week’s allegations that Ocean Protocol had dumped hundreds of millions of FET tokens into crypto exchanges earlier this year.
FEt.AI’s CEO offers a reward to uncover alleged $120 million dump. Source: Humayun Sheikh on X For context, crypto AI projects Fetch.AI, Ocean Protocol (OCEAN), and SingularityNET (AGIX) merged into the Artificial Superintelligence (ASI) Alliance in mid-2024, combining their tokens under a shared FET framework.
Over a year later, Ocean Protocol Foundation announced its departure from the alliance, sharing on October 9 that it had resigned as a member of the ASI Alliance, “effective immediately.”
Last week, Fetch.AI’s CEO affirmed that the Ocean Protocol Foundation had swapped 661.2 million OCEAN tokens minted in 2023 for 286.4 million FET this July, suggesting that the protocol had been moving and liquidating them for the past three months.
Sheikh noted that “Ocean as stand alone project did this it would be classed as a rug pull,” later vowing to personally fund three or more class action lawsuits in different jurisdictions. “If you are or were a holder of $fet and have lost money during this Ocean action be ready with your evidence. (…) I will be setting up a channel for all to submit your claims,” he wrote.
Ocean Protocol called the accusations “unfounded claims and harmful rumors,” affirming that their team was “preparing responses to the various unfounded claims and allegations while respecting the ambits of the law.” At the time of writing, the protocol’s official X account has not published a response.
Did Ocean Dump $120M Worth Of FET? Data analytics platform Bubblemaps shared a timeline of the Ocean Protocol moves, highlighting that despite the merger, the protocol kept a large amount of OCEAN tokens in its wallets for alleged “community incentives” and “data farming.”
According to Bubblemaps’ analysis, Ocean Protocol’s team wallet (0x4D9B) converted 661 million OCEAN into 286 million FET, worth $191 million on July 1, and later sent 90 million FET to an OTC provider, GSR Markets.
On August 31, the team wallet split the remaining 196 million FET across 30 new addresses. By October 14, most of these addresses had sent the funds to Binance or the OTC provider.
Ocean Protocol’s on-chain moves. Source: Bubblemaps on X Bubblemaps estimated that around 160 million tokens were sent to Binance, while 109 million FET were transferred to GSR Markets. In total, approximately 270 million tokens, valued at around $120 million, were reportedly transferred and potentially liquidated.
“We can’t confirm whether the $FET tokens were sold by Ocean Protocol, although such transfers are typically associated with liquidation,” the platform noted, adding that on-chain activity only shows a multisig wallet linked to the protocol swapped millions of OCEAN tokens for FET, and sent them to Binance and GSR.
FET’s Price Sees Sharp Decline Analyst Cryptor pointed out that the feud has triggered uncertainty surrounding the projects. He noted that the FET’s Top PnL Leaderboard doesn’t look good, as “almost everyone over the past 30 days has fully exited their positions.” Additionally, Smart Money Flows have been declining for nearly a year, alongside the price, which has retraced over 92.6% from its $3.45 all-time high (ATH).
The analyst asserted that “you want segments like Top PnL traders, Smart Money, and funds to stay onboard because they set the tone for market behavior. (…) The data shows hesitation and capital leaving, which is to me a clear sign that confidence hasn’t returned. Price might hold temporarily, but without their participation, volatility rises quickly.”
As of this writing, FET trades at $0.25, an 8.3% decline in the daily timeframe.
FET’s price in the one-week chart. Source: FETUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?
Hassan Shittu
Journalist
Hassan Shittu
Part of the Team Since
Jun 2023
About Author
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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May 30, 2025
South Korean gaming firm Wemade is preparing for a new chapter after a Seoul court rejected its bid to stop the delisting of its cryptocurrency, WEMIX, from major domestic exchanges.
On May 30, the Seoul Central District Court dismissed Wemade’s injunction request to block the termination of WEMIX trading support. The decision clears the way for the full delisting of the token from local exchanges by June 2.
WEMIX to Be Delisted by June 2 After Seoul Court Rejects Wemade AppealThe ruling comes months after the Digital Asset eXchange Alliance (DAXA), a consortium of five major Korean exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—announced that WEMIX would be removed following a February security breach.
The hack saw over 8.65 million WEMIX, worth around 9 billion won ($6.2 million), illicitly withdrawn from the company’s Play Bridge Vault, a key part of its Web3 infrastructure.
DAXA said Wemade failed to meet transparency and user protection standards after the incident. The foundation’s explanations and compensation plans were deemed insufficient.
“Despite the foundation’s explanatory data, the cause of the security breach and investor compensation plans remain unclear,” DAXA stated in its decision.
The exchanges flagged the project for review in March and April. By May, the group moved forward with a delisting plan, ending all trading support by June 2 at 3:00 p.m. KST. Withdrawal services for WEMIX holders will continue until July 2.
Wemade challenged the move in court on May 9, calling the decision unfair and filing for an injunction. However, with the court ruling against the firm, the delisting will proceed as planned.
WEMIX Apologizes to Users, Commits to Security Upgrades and Ecosystem StabilityIn a public statement following the court’s decision on May 30, the WEMIX team expressed regret but promised to move forward.
“The WEMIX team is very sorry about the result of this injunction application, but we respect the court’s decision,” the statement read.
The company acknowledged the damage caused by the Play Bridge Vault hack and the resulting fallout. It also apologized to its users and community, promising to improve security and maintain operations across its blockchain gaming ecosystem.
“We have implemented measures to strengthen security and prevent recurrence,” the team said. “We have actively responded to resume services and stabilize the ecosystem.”
WEMIX serves as the core currency across Wemade’s blockchain-based gaming and DeFi platforms. The loss of local exchange listings poses a major challenge for the firm, though it has faced similar hurdles before.
WEMIX Delisting Deals Major Blow to Korean Trading, Re-Listing Blocked for One YearIn 2022, WEMIX was also delisted over token supply disclosure concerns, only to regain listings the following year.
Now, the team has indicated its determination to overcome the setback once again.
“No external factors can undermine the will of the WEMIX team to sustain and grow the WEMIX ecosystem,” the company said. “We will proceed with the planned business without a hitch and provide real value through games and services based on WEMIX.”
While details remain limited, the company said it would soon release short- and long-term plans to address the delisting and stabilize the ecosystem.
Despite recent setbacks, the WEMIX team appears committed to rebuilding.
With trading ending in just days and withdrawals closing in July, the next few weeks will be decisive for Wemade as it attempts to retain user trust and chart a path forward in global markets.
The impact of this delisting on WEMIX in South Korea is huge. Korean exchanges handled most of WEMIX’s trading volume, so losing access to local liquidity and investors is a major blow.
While WEMIX is still available on overseas platforms like Bitget and Bybit, those exchanges see very little trading compared to South Korea’s tightly concentrated crypto market.
To make matters worse, current regulations mean WEMIX can’t be re-listed on Korean exchanges for at least a year.
History suggests that BTC's biggest leg down is still upon us.
Bitcoin’s price rebound since the Friday massacre to $59,000 drove the asset north to $64,000 earlier this morning, perhaps driven by some positive developments on the US-Iran war front.
One analyst, though, believes this price recovery is not the full story and warned about another major retracement.
BTC Jumps to $64K The primary cryptocurrency plunged below $60,000 on Friday for the first time since before the US presidential elections in November 2024. This new local low was the culmination of a weeks-long correction that began in mid-May when the asset was rejected at $82,000.
It managed to rebound to just over $60,000 relatively quickly and bounced to $62,000 over the weekend. It experienced some volatility yesterday evening when Iran struck Israel in retaliation for attacks against Lebanon. However, US President Donald Trump condemned all the strikes and said that his country and Iran might be closer to a peace deal that could be announced in the following few days.
BTC jumped to $64,200 in a promising wick, but was quickly stopped and now sits at around $63,000. Most altcoins followed the fluctuations, leading to another uptick in the liquidations from the futures field. The total value of wrecked positions has risen to well past $600 million daily, shows CoinGlass data. This time, though, short liquidations dominate with $467 million.
Liquidation Data on CoinGlass Don’t Trust The Pump Popular analyst Merlijn The Trader predicted BTC’s bounce following the $59,000 low, but cautioned that this is not the full story. He based his analysis on the 2022 bear market, when the cryptocurrency had already retraced hard but then rebounded in a similar manner. However, the actual capitulation was still in play and followed after some investors had already hopped on.
If history repeats now, Merlijn predicted a price surge toward $65,000-$70,000 before the ultimate leg down drives the asset to a proper DCA zone between $48,000 and $59,000.
You may also like: Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M The Bitcoin bounce is coming.
Don’t go all-in on it.
Wyckoff Accumulation:
2022: Spring at $15.5K.
Bounce rally to $23K.
Bulls bought the bounce.
Then capitulation.
2026:
Same playbook.
Spring near $50K incoming.
Bounce rally to $65-70K incoming.
DCA zone: $48-59K.… pic.twitter.com/ZJNxHzA1XX
— Merlijn The Trader (@MerlijnTrader) June 7, 2026
After a steep selloff that reinforced bearish momentum, Solana appears to be entering a period of consolidation as Wave 4 unfolds. Such corrective phases often offer short-term relief and can also serve as a launching pad for the next leg of a downtrend. As the market searches for direction, the key question remains whether buyers can build a meaningful recovery or if another decline is waiting around the corner.
Wave 4 Correction Takes Shape Amid Cooling Selling Pressure Analyzing Solana’s wave outlook on the 30-minute time frame, Elliott Waves Academy noted that the pair may be gearing up for another significant downside move following a decisive breakdown from its price channel. The recent decline has reinforced bearish sentiment, with price action signaling that sellers remain firmly in control of the broader trend.
According to the analysis, Solana has already reached the 261.80% Fibonacci extension level, suggesting that wave 3 has completed. As the strongest and most impulsive phase of the trend, wave 3 has played a key role in driving the current bearish structure lower.
Source: Chart from Elliott Waves Academy on X With wave 3 finished, the market appears to have entered wave 4, a corrective phase that typically follows an extended decline. Given the aggressive nature of wave 2 earlier in the sequence, wave four is expected to be more subdued, likely developing through sideways consolidation or a corrective triangle formation as the market temporarily stabilizes.
Once the corrective structure is complete, attention will shift to the next bearish leg. A breakdown below the key support level of the correction could trigger wave five, opening the door for a decline toward the $81.33–$78.69 zone, representing the next downside targets for bearish traders.
Three Months Of Consolidation Unleash A Powerful Breakout For Solana Crypto analyst Daan Crypto Trades pointed out that Solana delivered the expected 20–30% move after finally breaking out of its multi-month trading range. Such explosive price action is often seen after extended periods of consolidation, where volatility remains compressed before a decisive breakout triggers a strong directional move.
The analyst emphasized the importance of waiting for confirmation. Once price escapes a range that has held for more than three months, momentum tends to accelerate rapidly, creating sizable opportunities for traders who react to the confirmed move rather than trying to predict it.
Solana is now retesting a crucial weekly support level. According to Daan, this area represents one of the last major support zones on the chart, making it a critical battleground for bulls. Holding this level and reclaiming key horizontal resistance levels above could help restore bullish momentum and strengthen the case for another upward leg.
SOL trading at $65 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu has experienced yet another notable sell-off, pushing toward new local lows and breaking below a multi-month ascending channel. The meme coin finally gave up after weeks of steady decline, prompting many investors to wonder if SHIB has finally reached its lowest point.
Technically speaking, there are indications that the market might be getting close to an exhaustion point. The Relative Strength Index (RSI), which has dropped below the crucial 30 threshold and is presently in oversold territory, is the most prominent indicator. These readings have historically suggested that bearish sentiment may be waning and that selling pressure has grown excessive. Though not always complete trend reversals, relief rallies have frequently preceded previous oversold conditions on SHIB.
SHIB/USDT Chart by TradingViewA significant percentage of weak hands may have already left the market, according to price action. A wave of liquidation-driven selling was sparked by SHIB's recent break beneath the lower boundary of its ascending channel, which accelerated losses. Instead of signaling the start of a decline, such breakdowns often indicate its end.
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However, oversold conditions should not be interpreted by investors as proof that a bottom has already been reached. Volume is a major concern. Although there was a spike in activity due to the breakdown itself, the first attempt at recovery was made with comparatively low participation.
Strong buying volume is usually necessary for sustainable recoveries in order to verify that fresh demand is entering the market. Any recovery without that confirmation runs the risk of turning into a short-term relief rally rather than the beginning of a long-term uptrend.
Also, the general trend is still negative. The 50-day, 100-day, and 200-day moving averages are all sloping downward, and SHIB is still trading below them. Bulls are still at a disadvantage until the asset regains at least the 50-day moving average in the vicinity of $0.0000054-$0.0000055.
Hyperliquid isn't done yetAfter a significant decline from its recent all-time high area around $76, Hyperliquid's native token HYPE is exhibiting signs of renewed strength. Buyers have returned to the market after an aggressive sell-off that momentarily drove the asset below $60. This has led to a significant recovery. As of this writing, HYPE has shown one of the best daily performances among the major cryptocurrency assets, recovering toward the $65 range.
After an incredible rally that saw HYPE rise from below $30 in February to more than $75 in early June, there was a recent correction. The most recent decline seems to be the first significant test of bullish conviction since the trend accelerated, and such swift advances seldom happen without periods of profit-taking.
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Technically speaking, the rebound is taking place in a key area. Buyers are still active on weakness, as evidenced by the asset's quick recovery from a brief dip below its 21-day moving average. More significantly, HYPE keeps trading well above its 50-, 100-, and 200-day moving averages. Shorter-term averages are positioned above longer-term ones, and their alignment is still very bullish.
Additionally, the overall uptrend is still in place. HYPE has adhered to an upward trendline since late February, which keeps pushing the market higher. Although that structure was briefly threatened by the recent correction, buyers were able to protect the trend before a more serious breakdown could occur.
Additionally, momentum indicators lend credence to the recovery story. The Relative Strength Index is currently in the mid-50s after cooling from earlier overheated levels. Compared to the overbought readings observed during the run toward all-time highs, this position is better for the market because it leaves room for another leg higher without experiencing momentum exhaustion right away.
Right now, the $65-$66 range is the crucial level that traders should keep an eye on. A clear breakout above this area might pave the way for a retest of $70 and, ultimately, the most recent peak, which was close to $76.
Bitcoin finds a foundationAfter one of the biggest drops of the current market cycle, Bitcoin seems to be regaining its footing. The biggest cryptocurrency is currently trying to stabilize around the psychologically significant $60,000 level after a sharp decline that sent Bitcoin from above $80,000 to almost $60,000 in a matter of days.
It appears that sellers may finally be losing momentum based on the recent price action. Bitcoin has started to establish a base around $60,000-$63,000 after a series of liquidations and panic-driven sales. The market has at least been able to stop the freefall that dominated trading during the previous week, even though it is too early to declare a clear bottom.
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Momentum indicators provide one of the most compelling arguments for stabilization. The Relative Strength Index (RSI) has reached levels not seen in months, plunging far into oversold territory. In the past, readings below 30 have frequently shown that the market is open to a relief rally and that selling pressure has run out.
The stabilization thesis is further supported by volume behavior. A significant increase in trading volume coincided with the breakdown toward $60,000, indicating widespread market participant capitulation. Near local bottoms, these volume explosions often happen as weaker holders scramble to get out of positions. Before choosing their next major course, markets frequently go through a consolidation phase after this supply is absorbed.
Bitcoin is still in a technically precarious situation despite the new indications of stability. The asset is trading below its 50-, 100-, and 200-day moving averages, all of which are still pointing downward. Furthermore, BTC recently broke below an upward trendline that had sustained price movement since March, indicating a decline in market structure. Any attempt at recovery will therefore encounter significant overhead resistance.
The Nasdaq 100 climbed 1.5% Monday and the S&P 500 rose 0.7% as AI and semiconductor stocks recovered from Friday's selloff, which had handed the tech index its biggest weekly decline since April 2025. Bitcoin and Ether saw little of that lift. BTC was trading around $62,856 Tuesday, roughly in line with where it opened the week. Ether was at approximately $1,669.
Micron Technology (MU) rose 9.9% after falling 13.3% Friday, its worst single-session loss in the S&P 500 that day. Marvell Technology (MRVL) gained 9.6% following news it would join the S&P 500. Nvidia (NVDA) added 1.7% after CEO Jensen Huang, speaking at an event in Seoul, urged investors to treat the recent selloff as a buying opportunity. Apple (APPL) fell 1% despite unveiling an AI-upgraded Siri at its annual WWDC, a response analysts attributed to buy-the-rumor, sell-the-news dynamics.
Crypto's decoupling from the equity rebound extended a pattern from recent weeks. Bitcoin had fallen below $60,000 over the weekend before recovering, and remains significantly below highs set earlier this year.
Against that backdrop, Strategy (MSTR) disclosed in an SEC filing that it purchased 1,550 BTC for approximately $101 million between June 1 and June 7, bringing its total holdings to 845,256 BTC. The purchase was partly funded by the sale of 1.4 million shares of Class A common stock, generating $181 million in net proceeds. The company also raised its USD Reserve from $900 million to $1 billion. The buy follows last week's disposal of 32 BTC, which Strategy said was intended to help fund preferred stock distributions.
Bitmine's (BMNR) press release disclosed 126,971 ETH acquired over the past week at an average of approximately $1,630 per token, bringing total holdings to 5.54 million ETH – 4.59% of Ethereum's circulating supply. Chairman Tom Lee said the company increased its buying as it believes the pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals. The company holds 4.72 million of those tokens in staking, roughly 85% of its total ETH position. Including $247 million in cash, Bitmine reported total crypto and cash holdings of $9.6 billion.
Both companies have maintained their accumulation approach through this year's price weakness. Bitmine's latest tranche was acquired below current ETH prices. Strategy paid roughly $65,200/BTC on average, about 3% above where Bitcoin is currently trading.
On June 9, a Bitfinex analyst published a report noting that Bitcoin has shifted from the "accumulation phase" — which fueled its recent price rally — into a "distribution phase." Data highlights that after robust buying pressure between April and May, the spot volume delta has swung sharply negative, signaling early market entrants are steadily selling off during the current weak period, rather than holding or adding to their positions. The analyst added that short-term holders’ average cost basis has fallen below the market’s true average of $77,800, meaning a large portion of recent capital inflows are now sitting at unrealized losses — adding fresh selling pressure every time prices rebound. Bitfinex noted in the report: "Both on-chain and fund flow data confirm the current market is leaning toward a distribution-driven phase, rather than a classic panic bottom." The exchange stated that until spot demand makes a meaningful recovery, the broader market will stay in a defensive posture. This evaluation lines up with new metrics from on-chain analytics firm Glassnode. The firm’s data shows daily market realized losses have hit $1.35 billion, roughly $770 million of which stems from long-term holders triggering stop-loss orders. Additionally, Glassnode’s tracked realized profit-to-loss ratio has plummeted sharply from 3.16 on May 7 to 0.29 — nearly matching levels seen during the market’s February panic sell-off this year — signaling a fast-worsening market sentiment.
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Strive Vice President Joe Burnett wrote in an article that prior to the TerraUSD collapse, roughly $18.7 billion in UST was in circulation, backed by just $3.1 billion in Bitcoin reserves, and UST allowed immediate redemptions. Currently, Strategy holds around $51.5 billion in Bitcoin, corresponding to a circulating STRC supply of approximately $10.5 billion, while STRC is not an immediately redeemable asset. He stressed that the two differ significantly in collateral structure, asset coverage ratio, and redemption mechanism, noting "they are clearly completely different models."
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According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.
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James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.
According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.
Crypto analyst Ardi has drawn attention to an interesting dynamic amid the Bitcoin price bounce from a recent low of around $59,000. Based on his analysis, the BTC bottom has likely not formed, with the leading crypto set to fall to new lows.
Analyst Explains What Is Going on Amid Bitcoin Price Bounce In an X post, Ardi said that one of the more interesting developments during this distribution range has been the disconnect between retail and larger market participants. He noted that retail has spent months buying every dip as the Bitcoin price declines, thinking that those declines were likely the bottom being handed on a “silver platter.”
While retail investors have been buying the dip, mid-sized and institutional participants have spent the same period selling into every bounce. Ardi noted that people with the least capital are absorbing supply from those with the most. He declared that this is not usually how major bottoms are built in bear cycles, suggesting that the bottom is not yet in.
Source: Chart from Ardi on X Ardi further remarked that institutional-sized traders do not need retail participation to form a bottom for the Bitcoin price. He added that major bottoms are, in fact, formed after retail finally gives up. However, that is not the case at the moment as retail conviction remains high while larger investors are reducing their exposure. The analyst said that it is hard to argue that true capitulation has occurred until the dynamics change.
The Bitcoin ETFs have largely contributed to the latest Bitcoin price crash, with these funds seeing record net outflows over the last month. These ETFs have also seen outflows in 15 out of the last 16 trading days, a development that has significantly put downward pressure on the BTC price.
BTC About To Reach A Market Bottom In an X post, crypto analyst Ali Martinez said that the Bitcoin price is about to reach a market bottom. He cited technical and on-chain metrics that signal that a major macro accumulation cycle is starting. The analyst noted that the recent pullback has successfully flushed out overleveraged premiums across the board and that this move was accelerated by long-term holders who distributed over $3.25 billion in spot BTC.
With the Bitcoin price declining to $59,000, Martinez revealed that over 10.46 million BTC is currently held at a loss. He noted that historically, every time the supply-in-loss metric crosses the extreme 10 million threshold, it has accurately timed macro bottoms. The analyst also pointed to the 1.0 to 0.8 MVRV bands, which suggest that BTC could bottom between $53,900 and $43,150.
At the time of writing, the Bitcoin price is trading at around $63,200, up in the last 24 hours, according to data from CoinMarketCap.
BTC trading at $63,379 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com
Something has shifted under the surface of Cardano’s on-chain data. Following a period of steady capital aging, large dormant wallets have started making moves, according to Santiment’s latest on-chain observation. The Mean Dollar Invested Age — a measure of the average age of capital in ADA wallets — had been climbing before the recent flurry. Now it is pausing, coinciding with multiple sharp spikes in Age Consumed, a metric that tracks the movement of old coins.
ADA’s recent price flush appears to have jolted long-term holders into action. Age Consumed recorded several notable spikes over the past four to five days, including its largest surge since April. That means coins that had been dormant for extended periods are being moved again, either for repositioning, selling, or accumulation by new hands. In isolation, the signal is neither bullish nor bearish. But the combination of a stalled Mean Dollar Invested Age and sudden dormancy breaks suggests a change in holder behavior that typically emerges around inflection points.
What the Metrics Indicate Mean Dollar Invested Age acts as a barometer of conviction. When it rises, capital is aging — holders are sitting tight. A plateau or downtick often coincides with older cohorts becoming active. Age Consumed fills in the picture by quantifying how much dormant value is moving. Large spikes mean old supply is re-entering circulation. When both flash together, as they are now, the market is effectively redistributing coins from longer-term participants to newer ones. That kind of transfer has historically set the stage for local bottoms, though timing can vary.
Historical Context and What to Watch Next Santiment’s team notes that clusters of Age Consumed spikes paired with a pause or decline in Mean Dollar Invested Age have often appeared around key market turning points. It’s not a guaranteed reversal signal — no on-chain metric works in isolation — but the current pattern mirrors setups seen before previous Cardano rebounds. For traders, the next step is watching whether ADA can hold above recent lows while this redistribution unfolds. Sustained lower MDIA and additional strong consumption spikes would reinforce the case for a bounce. On the other hand, if the coin movement is largely sell-side and new buyers fail to absorb it, the pattern could fizzle.
While on-chain activity is sending tentative signals, Cardano’s developer community remains one of the most active in the space, a factor that often supports long-term valuation regardless of short-term holder movements. Developer activity rankings continue to place Cardano among the top blockchains. For now, the awakening of dormant ADA is a development worth monitoring, but it requires price confirmation before it can be read as a definitive turn.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Bitcoin signage during the Bitcoin 2026 conference in Las Vegas, Nevada.Photographer: Ian Maule/BloombergFor Bitcoin, the worst may be yet to come.
The largest cryptocurrency recovered some ground after slumping 16% in the seven days through Sunday, its steepest weekly fall since the bankruptcy of Sam Bankman-Fried’s FTX triggered a 23% rout in November 2022.
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June 10, 2026
A fresh product announcement from Ripple is here to be the price catalyst XRP holders have been waiting for. Ripple has officially unveiled the XRPL AI Starter Kit, a developer toolkit purpose-built for autonomous, machine-to-machine payments on the XRP Ledger.
The Starter Kit launches in phases, with Phase 1 targeting developers building agentic payment applications, systems that settle invoices, pay for compute, and complete transactions without human approval loops.
XRPL AI Starter Kit at a glance, RippleRLUSD, Ripple’s USD-backed stablecoin, is fully integrated into the toolkit, supporting price-stable workflows like payroll and agent-to-agent commerce via the XRPL DEX. Institutional safeguards like escrow, multi-signature, deposit authorization, and trust lines are available natively with no custom smart contracts required.
The convergence of developer tooling expansion, AI payment infrastructure, and ETF speculation is creating an unusually dense news cycle for XRP.
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Can XRP Price Reclaim $2? Can the XRPL AI Starter Kit Drive Developer Demand?XRP price is at the $1.10-$1.15 range, as it remains well below its highs despite recent positive sentiment. The daily range shows that liquidity is dispersed and volatility remains elevated.
Technically, XRP appears to be consolidating. The asset is caught between a meaningful support floor and resistance near the $1-$1.3 zone. XRP’s structural price dynamics have flagged that institutional demand cycles, not retail flows, are the primary price driver at this stage.
Three scenarios are on the table. First, if the XRPL AI Starter Kit drives measurable developer adoption metrics XRP could reclaim $2.50+. The second scenario would see sentiment remain constructive, but price oscillates between $1.00 and $1.30 as traders wait for a harder catalyst.
The third and last one is bearish. In the case of disappointed developer uptake, XRP could retest the sub-$1.00 support. A speculative AI-model estimate of $5 by late 2025 circulates in community feeds.
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LiquidChain Targets Early-Mover Upside as XRP Tests Key Infrastructure NarrativeXRP’s AI Starter Kit announcement underscores a broader market theme: cross-chain infrastructure and developer tooling are attracting serious capital. But at XRP’s current market cap, the asymmetric upside that early-cycle investors chase is largely already priced into any near-term scenario. That’s where earlier-stage infrastructure plays enter the conversation.
LiquidChain ($LIQUID) is a Layer 3 infrastructure project positioning itself as the cross-chain liquidity layer, fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment. Developers deploy once and access all three ecosystems simultaneously.
The presale has raised $830K to date, with $LIQUID currently priced at $0.01468. Core architecture features include a Unified Liquidity Layer, Single-Step Execution, Verifiable Settlement, and a Deploy-Once architecture, all targeting the fragmentation problem that plagues multi-chain development today.
The AI-infrastructure narrative gaining traction around XRP applies equally to L3 settlement layers like LiquidChain, as autonomous agents need unified liquidity rails, not siloed chains.
Hours ago, XRP was flirting with $1 and traders were bracing for a break below it. Then the CPI landed, the soft core reading flipped sentiment, and XRP did not just bounce, it led the entire market higher with a 5% jump. The same token that looked broken this morning is suddenly the strongest name on the board. Here is what changed and whether it holds.
XRP is trading near $1.18 on June 10, 2026, up about 5% on the day and leading a broad market rebound after the May CPI report (live XRP price on CoinGecko). The move is notable not just for its size but for its leadership: XRP outpaced Bitcoin, which rose about 3.3%, and roughly matched the strongest large-cap gainers. After weeks of XRP underperforming and sliding toward $1, that is a meaningful shift in tone.
The catalyst was macro, but the leadership was XRP-specific. Both parts matter.
What the CPI changed This morning, XRP was pinned near four-month lows, weighed down by a market terrified that hot inflation would keep the Fed hawkish. The CPI report flipped that fear, at least partially.
While headline inflation came in hot at 4.2%, the core reading, which strips out food and energy and which the Fed watches most closely, rose just 0.2%, below expectations. That soft core was enough to revive hopes that underlying inflation is cooling and the Fed has room to ease later this year. Risk assets responded immediately. The broad crypto market turned green, with the CD20 index up nearly 4%, Ethereum up 4.4%, Solana up 5.8%, and XRP up 5%.
In short, the number that traders feared would push XRP below $1 instead handed it the fuel to bounce off those lows.
Why XRP led the rebound A 5% move when Bitcoin gains 3.3% is outperformance, and it is not random. XRP led for a few reasons.
First, it was the most oversold. XRP had fallen harder than most large caps heading into the report, with a weekly RSI in the low 20s, so it had the most room to snap back when sentiment flipped. Second, the accumulation signals were already in place: over 25 million XRP had left exchanges in recent days, ETF inflows continued, and dip buying had surged at the lows. That buildup of coiled demand released fast once the macro fear lifted. Third, the CLARITY Act catalyst is live, with more than 200 firms pushing the Senate for a vote, giving XRP a forward story that pure beta names lack.
When a deeply oversold asset with real accumulation underneath it gets a macro green light, it tends to move hardest. That is exactly what happened.
The caveats worth respecting This is a relief bounce, not a confirmed reversal, and the honest read includes the risks.
The hot headline CPI has not gone away, and the real verdict comes at the June 17 FOMC meeting, where the Fed’s dot plot will show how it weighs the hot headline against the soft core. A hawkish surprise there could erase this bounce quickly. Technically, XRP is still below its 50-day average near $1.38 and its 200-day near $1.62, so one green day does not break the downtrend. And the CLARITY Act odds were just cut to 60% by Galaxy Digital, so the catalyst is far from guaranteed.
In other words, today’s move is real and the leadership is encouraging, but XRP has to prove it can hold and build, not just bounce.
XRP/USD: Key Levels to Watch On the upside, reclaiming and holding $1.20 is the immediate test, the level XRP is pushing against now. Above it, the $1.25 to $1.30 zone is the next resistance, and the 50-day average near $1.38 is what a real trend change requires. On the downside, $1.10 is the support that held this morning, and the psychological $1.00 remains the line that must not break.
Bottom Line XRP went from flirting with $1 to leading a 5% market bounce in a matter of hours, all on a soft core CPI reading that revived rate-cut hopes. The leadership is meaningful: it shows that when fear lifts, XRP’s oversold setup and underlying accumulation can produce outsized moves.
But the bounce has to survive the June 17 FOMC and reclaim $1.20 to mean anything lasting. For now, XRP is the strongest name on a green day, which is a welcome change after weeks of weakness. Watch $1.20 above and $1.10 below, and remember the real macro test is still a week away.
FAQ Why did XRP jump today?
XRP rose about 5% to $1.18 after the May CPI report showed a soft core inflation reading of 0.2%, below expectations. That revived hopes the Fed could ease later this year, sparking a market-wide bounce that XRP led.
Why did XRP outperform Bitcoin?
XRP was more oversold than most large caps heading into the report, with a weekly RSI in the low 20s, so it had more room to rebound. Strong accumulation signals, including exchange outflows and ETF inflows, amplified the move when sentiment turned.
Is the XRP bottom in?
Not confirmed. This is a relief bounce driven by macro sentiment. XRP remains below its key moving averages, and the real test is the June 17 FOMC meeting. Reclaiming $1.20 and then $1.38 would be needed to signal a genuine trend change.
What are the key XRP levels now?
The immediate test is holding $1.20, with $1.25 to $1.30 as the next resistance and the 50-day average near $1.38 above that. On the downside, $1.10 is support, with the psychological $1.00 the critical floor.
What is the CLARITY Act’s role?
More than 200 crypto firms are pushing the Senate to vote on the CLARITY Act, which would classify XRP as a digital commodity. It is XRP’s biggest forward catalyst, though Galaxy Digital recently cut the odds of 2026 passage to 60%.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research and never invest more than you can afford to lose.
This was supposed to be the good-news day. The US-Iran peace deal is signed, oil is down 9%, and the war that crushed crypto in May is officially over. Yet Bitcoin is sliding below $63,000 and the week’s bounce is fading. The reason is simple and a little uncomfortable: one hawkish Fed meeting is outweighing a peace deal. Here is what’s happening with BTC and ETH, and the bigger question now hanging over the market.
Bitcoin is trading near $62,547 on June 19, 2026, down about 0.3% on the day and roughly 2.9% over the week, slipping below the $63,000 level (live prices on CoinGecko). Ethereum sits near $1,693, down about 0.1% on the day but still up around 1.8% on the week, continuing to hold up better than Bitcoin. BTC’s market cap is around $1.25 trillion, ETH’s near $204.5 billion.
The strange part is the backdrop. This should be a risk-on day, and instead crypto is drifting lower. Here is why.
Good news that isn’t moving the market The US-Iran peace deal was formally signed today, June 19, in Switzerland. President Trump authorized reopening the Strait of Hormuz, the naval blockade is lifted, and oil prices have fallen about 9%. Lower oil is disinflationary, which in theory eases the pressure on the Fed and helps risk assets like crypto.
So why is Bitcoin falling? Because the market has already moved on. The peace deal was telegraphed for days and is now priced in, a classic “buy the rumor, sell the news” outcome. More importantly, investors are rotating attention toward stocks and away from crypto, and the one thing dominating sentiment is not Iran. It is the Fed.
The Fed is still the story Wednesday’s FOMC meeting continues to cast a long shadow. The Fed held rates but delivered a hawkish dot plot: nine of 18 officials now project a 2026 rate hike, the year-end median jumped to 3.8%, and new Chair Kevin Warsh scrapped forward guidance entirely. The message was that rate cuts are off the table for 2026, possibly until 2027 or later.
That hawkish reality is now outweighing the Iran relief. Analysts at Marex describe crypto positioning as “defensive and thin” after the Fed, meaning traders are cautious and trading volume is light. In a thin market, prices drift, and right now they are drifting down. The peace deal removed a headwind, but the Fed added a bigger one, and the Fed is winning.
Why Ethereum is still holding up better The one bright spot remains Ethereum’s relative strength. ETH is up about 1.8% on the week while Bitcoin is down 2.9%, continuing a divergence that has held through the week.
ETH’s resilience comes from its own demand drivers: treasury firms like BitMine accumulating aggressively, ETF inflows returning, and the Glamsterdam upgrade on track for the second half of 2026. There is also the rotation question. After months of rising Bitcoin dominance during the crash, some capital appears to be rotating toward Ethereum, which historically leads when altcoins start to recover. Whether that continues is tied to the biggest question now facing the market.
The big question: will there be an altseason at all? Here is what traders are really debating after this week. With oil down, the Iran deal signed, and the macro picture clearing in some ways but tightening in others, the question is whether this cycle delivers an “altseason,” the period when altcoins outperform Bitcoin, at all.
The case against: a hawkish Fed, high rates, and rising Bitcoin dominance all delay altseason. Capital concentrates in Bitcoin during uncertainty, starving altcoins. The case for: Ethereum’s relative strength this week, returning ETF inflows, and structural institutional interest in ETH and other majors are the early ingredients of a rotation. ETH leading on the week is exactly what the start of an altseason looks like. The honest answer is that it is unresolved, and the next few weeks of Fed signals and dominance trends will decide it.
BTC and ETH: Key Levels to Watch Bitcoin: $62,000 is the immediate support, with the critical $60,000 floor below it that has held three times. On the upside, reclaiming $64,350 and then $66,000 would revive the bounce. A break of $60,000 would be a serious bearish signal.
Ethereum: $1,650 is the key support analysts are watching, with $1,600 below it. On the upside, ETH needs to reclaim $1,800 and then $2,000 to confirm its relative strength is turning into real leadership.
Bottom line Bitcoin at $62,547 and Ethereum at $1,693 are drifting lower as the week’s bounce fades, with a signed Iran peace deal failing to override the hawkish Fed. The macro tug-of-war is clear: geopolitical relief on one side, tighter-for-longer monetary policy on the other, and right now the Fed is winning.
Ethereum’s continued relative strength is the one encouraging signal, and it ties directly to the question of whether an altseason is coming. Watch Bitcoin’s $60,000 floor and Ethereum’s $1,800 resistance. Those two levels, plus the next round of Fed signals, will decide whether this fade is a pause or the start of another leg down.
FAQ What is the Bitcoin price today?
Bitcoin is trading near $62,547 on June 19, 2026, down about 0.3% on the day and 2.9% on the week, slipping below $63,000 as the week’s bounce fades despite the signed Iran peace deal.
What is the Ethereum price today?
Ethereum is trading near $1,693 on June 19, 2026, down about 0.1% on the day but up roughly 1.8% on the week, continuing to outperform Bitcoin.
Why is crypto falling despite the Iran peace deal?
The peace deal was priced in ahead of the June 19 signing, a “sell the news” outcome. More importantly, Wednesday’s hawkish Fed meeting, which signaled possible 2026 rate hikes, is outweighing the geopolitical relief and keeping crypto positioning defensive.
Why is Ethereum outperforming Bitcoin?
Ethereum benefits from aggressive treasury accumulation by firms like BitMine, returning ETF inflows, the upcoming Glamsterdam upgrade, and a rotation of capital toward ETH as Bitcoin dominance potentially peaks, an early sign of possible altcoin strength.
Will there be an altseason in 2026?
It is unresolved. A hawkish Fed and rising Bitcoin dominance delay altseason, but Ethereum’s relative strength, returning ETF inflows, and structural institutional interest are early ingredients of a rotation. The next few weeks of Fed signals and dominance trends will decide it.
What are the key levels for BTC and ETH?
Bitcoin support is $62,000 then the critical $60,000 floor, with resistance at $64,350 and $66,000. Ethereum support is $1,650, with resistance at $1,800 and the key $2,000 level.
This is not investment advice. Cryptocurrency is highly volatile. Always do your own research and never invest more than you can afford to lose.
Dogecoin continues to slide lower, but has now reached price levels that hold historical significance.
The Dogecoin (DOGE) price struggles mirror a broader market downtrend. With Bitcoin sliding below $63,000 amid Strategy’s STRC preferred stock’s drop to $84 on Thursday, the crypto sector has followed suit.
The meme coin is down 1.3% already at the time of writing, building on its nearly 3% drop on Thursday. Since this week, DOGE has dropped 7%, as bears remain in full control of the market. Meanwhile, the meme coin is now approaching a zone that once sparked a price recovery.
Dogecoin at Historical Accumulation Zone On the weekly chart, Dogecoin has drifted back into a price region that once acted as a foundation for a major price move. Since dropping to $0.080 in early February, the token appears to have started forming a price range.
Dogecoin 1W Chart/TradingView Its price rebounded to $0.118 in May, but faced selling pressure there, forcing a retracement. Now, Dogecoin has retested the support level near the February lows. In the first week of June, DOGE slumped to $0.077 before bulls stepped in to prevent further downside.
Currently, it trades at $0.082, still around this key weekly support. This places the meme coin at a critical point in its long-term structure.
Notably, the current setup resembles a previous period when DOGE spent months consolidating near a multi-year support before eventually breaking into a stronger upward trend.
For context, between May 2022 and February 2024, prices remained close to the lower boundary of a broad accumulation range. Dogecoin hovered around the $0.050 support before eventually breaking out to December 2024’s high of $0.484.
Long-Term Support Remains Intact What stands out is that Dogecoin continues to respect the current support around $0.080. Despite the current price weakness, every downtrend has ultimately found relief near this zone, preventing a deeper structural breakdown.
DOGE broke above the current support in February 2024 and has since not fallen below it. Notably, a quick pullback in August 2024 ended in a lower-price rejection. The asset is again testing an area that has historically attracted long-term accumulation.
Interestingly, similar conditions occurred before the recovery in the previous cycle. The extended periods of weakness gradually gave way to renewed momentum because Dogecoin did not lose key support levels.
Dogecoin Breakout Targets Higher Prices If this $0.080 support area continues to hold, the focus will shift toward whether DOGE can reclaim higher resistance levels and establish a new upward trend. A decisive move away from the current range to reclaim key moving averages is a good start.
One of the important resistance levels to watch for long-term recoveries is the March 2024 high of $0.228, a 178% growth from here. Another one is the September 2025 high of $0.306, representing a 273% increase from the current price.
An 802% price surge to the current all-time high of $0.74 is a possibility if bullish momentum sustains. Meanwhile, the $1 dream could still come true. If the broader market enters a prolonged uptrend and the 2021 market conditions repeat, DOGE could explode by 1,120% to the long-anticipated price level.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
