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TronWeekly

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XRP Slips Under Key EMAs: Bearish Momentum Grows, $2.30 Support Critical

  • XRP is trading at $2.3686, slipping 0.53% as bearish pressure grows after a recent rally.
  • XRP price drops below the 9 and 21 EMAs, with $2.4633 acting as a key resistance on the 4-hour chart.
  • RSI at 43.29 and negative MACD signal indicate fading momentum and lack of strong buying interest.
  • Holding the critical $2.30 support is crucial for XRP, as failure could trigger further downside in the market.

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TronWeekly

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Dogecoin Faces Short-Term Dip Risk to $0.20 Amid Bullish $1 Breakout Outlook

  • Dogecoin has experienced a 25% increase in the last two weeks, reaching an all-time high of $0.24, amidst a broader crypto market uptrend.
  • Analysts indicate possible short-term downside risks for Dogecoin, with concerns rising due to weakening market sentiment and potential decline towards $0.20.
  • Historical data shows that spikes in retail futures trading often precede local price tops in Dogecoin, indicating a pattern that could lead to corrections.
  • On a bullish note, Dogecoin has broken out from a falling wedge pattern, suggesting a potential rally towards $1 in the current trading cycle according to crypto analyst Anup Dhungana.

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99Bitcoins

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Africa Crypto Week in Review:  Zimbabwe Blockchain Carbon Registry, ZAP Africa Rebuilding Trust in Nigeria

  • Zimbabwe launches a blockchain carbon credit registry to enhance transparency in its carbon credit market, aiming to restore investor confidence.
  • ZAP Africa endeavors to rebuild trust in the Nigerian crypto market post the CBEX collapse, focusing on credibility and lesser custodial holdings.
  • The proposed 5% U.S. remittance tax could potentially drive crypto adoption in Africa by encouraging immigrants to consider cryptocurrency as an alternative to traditional remittance services.
  • Africa Crypto Week highlights include initiatives in Zimbabwe and Nigeria to strengthen the crypto landscape, along with the potential impact of the U.S. remittance tax proposal on crypto adoption in the region.

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TronWeekly

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Binance Data: Investors Delaying Major Shifts between Stablecoin and Other Cryptocurrencies

  • Binance stablecoin reserves have remained stagnant for the past year, indicating investors are hesitant to make major financial moves.
  • Despite recent Bitcoin price gains, investors are refraining from converting their stablecoins to other cryptocurrencies.
  • Investors are adopting a cautious approach, awaiting more economic signals before committing to significant market shifts.
  • Binance's stablecoin reserves have shown minimal growth, hovering between $30 and $34 billion, reflecting reluctance among investors to trade stablecoins for riskier assets like Bitcoin and Ethereum.

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Coindoo

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Pi Coin: Analyst Accuses Project of Executing a Rug Pull

  • Crypto commentator Dr. Altcoin accuses Pi Coin Core Team of executing a rug pull by selling a significant amount of Pi tokens at the peak price of $1.60 while the community was distracted by announcements and progress illusions.
  • Pi community anticipated a full Mainnet launch with 100+ DApps on May 14 but got Pi Network Ventures instead, leading to a sharp decline in Pi's price to $0.80 and possibly back to the original price of $0.40, eliminating earlier speculative gains.
  • The allegations claim that the Pi Core Team has defrauded the community, highlighting the lack of response from key figures in the Pi Network ecosystem, potentially exposing complex insider-led market manipulation in the crypto space.
  • The incident serves as a cautionary example of the risks associated with hype without actual delivery in the crypto space, especially when insiders can benefit, potentially prompting regulatory scrutiny.

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TheNewsCrypto

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Pi Token Faces Downward Pressure as $100M DApp Fund Draws Criticism

  • The $100 million VC fund for DApp development faces criticism as PI continues its downward trend from the $1.67 peak.
  • Technical indicators show bearish sentiment with MACD below the signal line and price breaking major EMAs.
  • Dr. Kokkalis shared a vision of AI and blockchain integration at Consensus 2025, but PI coin price fell by 20%, causing negative community sentiment.
  • Despite a million-dollar venture announcement for DApp development, PI faced criticism for slow adoption, and technical indicators suggest further downward pressure on the PI token price.

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TheNewsCrypto

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Will Bulls Push Ethena (ENA) Past $0.40 or Lose Momentum at Resistance?

  • Ethena (ENA) is currently trading around the $0.38 level with a market cap of $2.21 billion.
  • The market witnessed $1.63 million in ENA liquidations with a modest loss of 1.51% in overall market cap.
  • The monthly price chart shows Ethena has gained over 37.60%, reaching a high of $0.45 from an initial trading price of $0.27.
  • Ethena's next move may see a downside correction towards the support range at $0.3825, while a bullish reversal could target the $0.40 mark.

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TronWeekly

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Keeta Launches on Base Chain and Hits $0.50 Price Milestone

  • Keeta (KTA) launched on the Base network and surged to $0.50, reaching a $200M market cap soon after its March 2025 debut.
  • Backed by former Google CEO Eric Schmidt who invested $17M of the $22.3M raised, boosting credibility and investor confidence.
  • Aims to be the world’s most scalable blockchain claiming up to 10 million TPS, surpassing current leaders like Solana.
  • Keeta and MIND of Pepe (MIND) show strong potential in the crypto markets of 2025, with Keeta focusing on scalability and MIND revolutionizing crypto trading with AI-powered insights.

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TronWeekly

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Aptos (APT) Bullish Retest: Is $6.20 and $7.40 the Next Big Targets?

  • Aptos displayed a bullish retest after breaking trendline resistance and aligning with the 0.618 Fibonacci retracement level.
  • The retest of the trendline indicates consolidation, with higher lows suggesting ongoing buyer support and demand.
  • Aptos targets $6.20 and $7.40, with the trendline retest confirming bullish momentum and potential for further gains.
  • Traders are closely monitoring Aptos' movement as it seeks to break resistance levels, with positive signs pointing towards potential growth.

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TronWeekly

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Ripple Sees Momentum Shift After Judge Torres Blocks SEC Request

  • Ripple gains legal edge as Judge Analisa Torres denies SEC's motion, citing procedural impropriety.
  • The SEC must collaborate with Ripple to propose a new judgment, admits prior errors, and face a high bar for any amendment.
  • Judge Torres rejects SEC's motion to reduce Ripple's civil penalty to $50 million, highlighting procedural flaws and importance of due process.
  • SEC Commissioner Caroline Crenshaw opposed a proposed $75M settlement, criticizing it as a threat to the agency's enforcement authority.

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TronWeekly

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Is FTX Token (FTT) Back? Momentum Builds Toward $1.68 and Beyond

  • FTX Token (FTT) breaks major trendline, sparking bullish interest with short- and long-term targets up to $2 in sight.
  • A successful retest of resistance as support boosts trader confidence and opens doors for swing trading opportunities.
  • Momentum builds as trading volume rises, with analysts eyeing $1.45 and $1.68 as critical levels for the next move.
  • FTX Token has made a bullish comeback after enduring a prolonged downtrend and periods of inactivity, with the price currently trading at $1.30.

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TronWeekly

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Bitwise CIO Signals Bitcoin Shock: 95% Owned, Few Buyers Involved

  • Bitwise CIO Matt Hougan stated that 95% of Bitcoin is already owned and 95% of global investable money is not exposed to Bitcoin.
  • Hougan believes the supply-demand imbalance in Bitcoin could lead to a significant price rally.
  • Bitcoin's scarcity amplifies as demand rises, with only a small fraction of investable capital currently invested in Bitcoin.
  • Hougan predicts a sharp rise in Bitcoin price, with projections of reaching $200,000 by the end of the year due to institutional growth.

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TronWeekly

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Sonic Hits $1 Billion Mark, Topping Main Rivals

  • Sonic has marked a significant milestone in the blockchain market, achieving $1 billion in positive inflows this year.
  • Notable platforms like Base, Solana, Unichain, and Berachain are reporting strong inflows, while older chains like Arbitrum are facing sharp outflows.
  • Sonic has become the first blockchain network in 2025 to reach $1 billion in net flows, showcasing its growing influence in the industry.
  • Leading chains competing for capital inflows include Sonic, Base, Solana, Unichain, and Berachain, with Sonic leading with $1.3 billion in inflows.

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TronWeekly

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TRUMP Token Recovery Sparks Bullish Sentiment; Is a Rally Toward $16.50 on the Horizon?

  • TRUMP meme coin is showing signs of fresh upward momentum, targeting a rally towards $16.50 with key support at $13 after a period of consolidation.
  • The current trading price for TRUMP is $12.78 with a 24-hour trading volume of $671.08M and a market cap of $2.55B, indicating significant price movement up by 64.55% over the last month.
  • Analyst Emma notes that TRUMP has rebounded from lows to a potential high target of $16.46, currently in a period of sideways consolidation with support at $13 and resistance at $13.37 and $14.20.
  • A breakout above the $14.20 resistance level could push TRUMP towards $15.50, while a drop below $12.30 would invalidate the bullish outlook, serving as a stop-loss level for traders.

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TronWeekly

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Ripple (XRP) Set for Upward Move: $2.55 and $3.33 Are Within Reach

  • XRP completes A wave correction and targets $2.55 resistance in uptrend.
  • Bullish momentum could drive XRP towards $3.33 after A wave completion.
  • Crucial for XRP to hold support at $2.3502 and $2.2222 for sustained bullish momentum.
  • Analysts optimistic about XRP's short-term prospects, key levels to watch for potential upward move.

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