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TronWeekly
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Pi Network (PI) at Key Support: Traders Eye Bounce From $0.53
- Pi Network (PI) maintains support above $0.53, with traders expecting a potential bounce.
- Bullish MACD crossover and oversold RSI signal a possible near-term reversal in price.
- A break above $0.5775 could pave the way for a move towards $0.64 and beyond.
- Pi Network is currently trading around $0.538, with significant selling pressure observed since early June.
- Oversold RSI and weak bullish MACD crossover hint at a potential slowdown in the downtrend.
- Healthy trading volume suggests ongoing interest in the asset despite its weakened price.
- Various technical indicators like ADX and Bollinger Bands point towards the possibility of a reversal.
- SuperTrend indicates a bearish sentiment, with resistance near $0.5775 needing to be breached for a sentiment shift.
- Short-term traders eye a bounce if support at $0.53 holds, while long-term investors monitor for bottom confirmation.
- The current technical setup hints at a potential recovery, though the market remains in a downtrend.
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Coindoo
3w
101
Image Credit: Coindoo
Pi Network Rolls Out KYC Sync Feature Amid Ongoing Migration Concerns
- Pi Network has introduced a new feature in the KYC application to synchronize KYC status with the Mining App.
- The feature aims to address discrepancies in KYC status that hinder migration and mining rewards.
- Users who have passed KYC but not seen the update on their mining dashboard can manually trigger the sync.
- Concerns about migration delays persist within the Pi Network community.
- A video circulating on Chinese social media showed Pi Network co-founders addressing frustrations of a Pioneer over stalled KYC or migration.
- The video emphasizes ongoing bottlenecks impacting millions of users awaiting full onboarding to the Pi Mainnet.
- While the new KYC sync feature is a step towards resolving issues, community members seek greater transparency and faster solutions.
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TronWeekly
3w
255
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HBAR Approaches Make-or-Break Zone with $0.098 in Bearish Crosshairs
- HBAR is consolidating around $0.147, trading below $0.163 resistance and near $0.130 support.
- Tight Bollinger Bands and negative Fibonacci extensions suggest an imminent breakout or price fall.
- Analysts indicate caution in trading HBAR due to its proximity to $0.147 and inability to sustain prices above technical indicators.
- Bollinger Bands narrowing suggest a potential breakout direction, with $0.163 acting as resistance.
- HBAR hovers slightly above the $0.142 level, and traders are monitoring for bounce-back or potential dip below $0.130 Fibonacci support.
- Fibonacci extension levels indicate caution, with a possible decline to $0.098 if HBAR breaks below $0.130.
- Further decline projections include testing at $0.044 and extreme scenarios down to -$0.0082 and -$0.041.
- Traders and investors are advised to observe price movements around $0.163 resistance and $0.130 support before taking action.
- Analysts highlight a bearish pattern with resistance at $0.179 in HBAR price analysis.
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TronWeekly
3w
295
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XRP’s Next Move: Will It Soar Above $2.22 or Fall to $2.07?
- XRP is in a consolidation phase, expected to break out soon, with potential for significant price movement above $2.22 or below $2.07.
- Traders anticipate a 'KABOOM Phase' as XRP nears the end of its consolidation period, similar to previous rallies in 2017.
- Technical indicators suggest XRP is primed for a breakout, with key levels at 2.22 and 3.61, and support at 2.0706.
- Mixed signals in trading volume and open interest indicate uncertain market sentiment for XRP.
- Liquidations of long positions and bearish sentiment suggest a market leaning towards a potential correction.
- Traders are closely monitoring XRP's movement above $2.22 or below 2.0706 to anticipate the upcoming trend.
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Coindoo
3w
2.4k
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Here’s Why Solana Might Outshine Ethereum in the Long Run
- Anthony Scaramucci of SkyBridge believes Solana (SOL) could surpass Ethereum (ETH) in the future due to better understanding of Solana's vision.
- SkyBridge currently holds significant digital asset positions with Bitcoin and Solana as core assets, and 40% of clients' portfolios allocated to crypto.
- SkyBridge has investments in major digital funds diversified across Solana, Avalanche, Polkadot, and Bitcoin.
- Scaramucci did not provide a specific timeline but indicated a growing institutional interest in Solana for its speed and cost-efficiency compared to Ethereum.
- Personal familiarity and conviction drove SkyBridge's strategic positioning towards Solana.
- As capital inflows into Solana due to strong developer activity and real-world application, Scaramucci's backing might attract more investors to the platform.
- Scaramucci finds Solana's story more understandable than Ethereum's.
- SkyBridge has a $300 million coin fund diversified across Solana, Avalanche, Polkadot, and Bitcoin.
- Solana's rising prominence doesn't diminish Ethereum's standing in the market.
- Interest in Solana grows as it gains traction for its speed and cost advantages in the blockchain space.
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Coindoo
3w
304
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Binance Wallet Launches 26th Exclusive Token
- Binance Wallet is set to launch its 26th exclusive token through a Token Generation Event (TGE) on June 20th, 2025.
- The TGE will be conducted on PancakeSwap, with a specific time window of 08:00 to 10:00 UTC.
- Users must redeem Binance Alpha Points to participate in the event, which also offers early access opportunities.
- An additional 40 million LOT tokens are reserved for upcoming campaigns as a bonus offering.
- Participation is limited to eligible Binance Wallet users who utilize Binance's internal rewards system.
- This incentivizes user engagement and adds a competitive edge to token distribution.
- Binance disclosed that more information, including an Event Portal and full campaign details, will be released soon.
- The launch is part of Binance Wallet's TGE program, focusing on high-potential projects and providing early access to tokens.
- The article also mentions Binance's expansion of its TGE program.
- The teased token launch anticipates continued interest in the crypto space.
- The TGE is poised to attract users eager for early token access.
- The news indicates a growing trend of exclusive token offerings through TGEs.
- Binance continues to be a prominent player in the cryptocurrency market.
- The exclusive token event underlines the relevance of Binance's ecosystem.
- Blockchain enthusiasts and investors are likely to closely follow the upcoming TGE.
- The move highlights the strategy of offering token opportunities via rewarding user engagement.
- The article was published by Coindoo.
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Bitcoinist
3w
136
Image Credit: Bitcoinist
Analyst Calls Start Of Altcoin Season Amid Deviation Of Cyclical Lows – Details
- Bitcoin and Ethereum are currently consolidating, with altcoins like Solana and Dogecoin not showing early upside momentum.
- A crypto analyst known as Prometheus on X suggests that altcoin investors are on the brink of significant profit due to the cyclical behavior of the crypto market.
- The altcoin rally prediction is based on the $TOTAL3ESBTC chart, indicating a deviation below cyclical lows similar to past market cycles.
- During previous cycles, Bitcoin absorbed market liquidity and outperformed other assets before an aggressive altcoin rebound phase called the 'money printer' cycle.
- The current $TOTAL3ESBTC chart shows a deviation below cyclical lows as Bitcoin dominance expands and its price rises, suggesting a future altcoin-led breakout.
- The 'money printer' phase for altcoins is anticipated as Bitcoin continues to absorb liquidity, paving the way for an upcoming altcoin rally.
- Altcoin rallies typically occur when Bitcoin cools off slightly after a strong rally, allowing liquidity to shift from Bitcoin to altcoins, resulting in explosive but short-lived price surges.
- The analyst warns about mistiming the altcoin move, noting that only a small percentage of traders will exit in profit despite the potential for significant gains.
- Bitcoin is currently trading at $104,730 with a market dominance of 64.0%, showing a 1.18% increase in the past 24 hours.
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Bitcoinsensus
3w
198
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SHIB Eyes Breakout — Whale Activity and Shibarium Upgrade Fuel Optimism
- Concerns arise as SHIB's recent price decline erases previous gains, but strong historical support and sideways movement hint at a potential reversal setup.
- On-chain data indicates that 64% of SHIB holders are at a loss, yet upgrades like Shibarium, consistent token burns, and increased large-holder wallets suggest underlying strength.
- Macro uncertainty such as geopolitical tensions and trade deadlines impact sentiment, but technical indicators and whale activity suggest SHIB is in a consolidation phase with breakout possibilities.
- SHIB is down 0.86% in a day, with a 5.39% loss over the past week, currently at $0.00001158, a 45.21% drop year-to-date, prompting investors to evaluate short-term weakness.
- Recent Shibarium upgrades aim to enhance transaction speed, while consistent token burns have removed over 320 million SHIB from circulation in the last month.
- Whale activity surged, with large SHIB holders reaching a yearly high on June 16, hinting at potential market movements.
- Technical analysis shows SHIB broke a downward trend on June 9 and is now trading sideways with potential breakout scenarios in play.
- Indicators like RSI below 50.00 and MACD signaling potential exhaustion of sellers provide insights into the current market sentiment.
- Price action at a major support zone of $0.00001150 suggests the possibility of a short-term reversal if bulls defend this level, with resistance levels at $0.00001230 and $0.00001380.
- Traders are advised to monitor RSI for a bounce above 50, watch for a bullish MACD crossover, track breakout patterns above $0.00001230, and observe volume spikes for potential market direction signals.
- Despite the market conditions, engaging in BloFin trading offers incentives such as winning prizes based on trading volume like MacBooks, Apple Vision Pros, or even a $9,400 Rolex.
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Coindoo
3w
57
Image Credit: Coindoo
Stablecoins Now Make Up 1.1% of U.S. Dollar Supply
- Stablecoins, although currently a small portion, are rapidly increasing in supply and now make up 1.1% of the U.S. dollar supply.
- This growth of stablecoins is leading to discussions about their potential to reshape global finance, as illustrated by a recent surge in supply.
- Token Terminal predicts that the ratio of stablecoins to total money supply could continue to rise towards 100%, driven by stablecoin startups' ambitions.
- Developments such as Visa and Mastercard integrating stablecoins, and their use in cross-border payments, are contributing to this trend.
- Governments are also exploring Central Bank Digital Currencies (CBDCs) and stablecoin regulations in response to these changes.
- While currently a small percentage, stablecoins are being used for various purposes like trading, DeFi, remittances, and payroll, indicating a shift in value storage and transfer methods.
- The integration of stablecoins into mainstream financial infrastructure is already underway, suggesting a potential transformative impact.
- Stablecoins like USDC, USDT, and PYUSD are increasingly playing a significant role in the financial ecosystem.
- The trajectory of stablecoins indicates a notable change in how value is managed, with implications for wider monetary integration.
- The article discusses the growing importance of stablecoins and their potential to revolutionize finance.
- The sharp rise in stablecoin supply is attributed to the rapid adoption of blockchain-based digital dollars.
- The article mentions the prediction by Token Terminal that the ratio of stablecoins to total money supply could increase further.
- Industry projections point to stablecoin startups driving this increase towards nearly 100% of the money supply.
- The growing adoption of stablecoins is seen in their use for trading, decentralized finance (DeFi), remittances, and payroll.
- Stablecoin integrations by major companies like Visa and Mastercard are seen as key drivers of this trend in the financial market.
- Given the significant role stablecoins now play in the ecosystem, governments are also exploring regulations for Central Bank Digital Currencies (CBDCs) and stablecoins.
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TheNewsCrypto
3w
313
Shiba Inu Won’t Stay This Cheap for Long, Says Analyst – Time to Buy?
- An analyst sees the $6.7 billion market cap as crucial support for Shiba Inu.
- At the $10 billion market cap level, SHIB faces resistance which must be broken for an upward trend.
- Two scenarios present potential gains of 80–100% or a drop to the $0.00000630 support level.
- Shiba Inu currently trades in a narrow range facing downward pressure.
- The analyst believes SHIB is approaching a critical support zone for potential price recovery.
- Historical support patterns suggest the importance of the $6.7 billion market cap level.
- In April 2024, Shiba Inu fell below this threshold but rebounded, indicating strong support.
- Resistance is seen at the $10 billion market cap level which has blocked previous rally attempts.
- Breaking this resistance could lead to new highs around $0.00001696 for SHIB.
- Investors are advised to stay confident and possibly buy more SHIB at these levels.
- A tweet suggests SHIB is near the bottom and may consolidate before a growth phase.
- The analyst anticipates consolidation before potential further development if SHIB hits the support zone.
- Previous struggles breaking the $10 billion market cap level highlight its significance.
- Breaking this resistance could trigger an upward trend for SHIB.
- Historical data supports the effectiveness of the $6.7 billion market cap support level.
- The expert remains positive about SHIB's potential price movements.
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TheNewsCrypto
3w
8
Analyst Defends $5 Dogecoin Target Despite Current Weakness, Cites Historical Triangle Patterns
- Crypto Elites predicts a $5 Dogecoin target based on historical symmetrical triangle patterns.
- Dogecoin would need a 2,847% rally from current levels to reach $5, resulting in a $750 billion market cap scenario.
- Mixed technical signals: ADX suggests a potential rally, while LMACD indicates weakness.
- Analyst defends the $5 target, stating that those not expecting it 'probably don’t know anything' about Dogecoin's potential.
- Previous symmetrical triangle formations in Dogecoin's history have led to significant price increases.
- The first triangle, when DOGE was at $0.0001, saw a breakout in 2017, driving prices from $0.008 to $0.017.
- The second triangle formed in December 2020 before DOGE surged to $0.73 in 2021.
- The third triangle emerged in 2022 when DOGE was at $0.05, with a breakthrough in 2024 and prices recovering to $0.48.
- Technical analyst Tardigrade notes similarities in current ADX patterns to those before historical rallies, indicating momentum building.
- Tardigrade projects a more conservative target of $4.50, slightly below Crypto Elites' forecast.
- Both analysts agree on the potential for substantial upward movement based on historical trends.
- However, the one-month Logarithmic MACD indicator shows poor momentum and ongoing downturn, according to expert Tony Severino.
- Despite current price weakness, analysts remain optimistic about Dogecoin's long-term bullish thesis.
- The $5 target remains a significant goal that could be achieved based on past price patterns.
- The ADX and historical triangle formations provide support for potential future rallies in Dogecoin.
- The LMACD indicator presents a contrasting view with indications of downward momentum.
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Coindoo
3w
339
Image Credit: Coindoo
Binance Futures Adds NEWTUSDT Perpetual Contract with AI-Powered Rollup Focus
- Binance Futures has added a NEWTUSDT perpetual contract with up to 5x leverage.
- The contract aims to cater to emerging technology sectors such as AI.
- Newton Protocol (NEWT) integrates AI with blockchain through a secure rollup architecture.
- NEWT has a total supply of 1 billion tokens and focuses on AI-driven trading strategies.
- The NEWTUSDT perpetual contract is USDⓈ-margined and settled in USDT, with funding fees settled every four hours.
- During the pre-market phase, the mark price is based on a rolling 10-second average of recent trade prices.
- Once a stable index price from spot market data is established, the contract will transition to a standard perpetual format.
- Binance advises users on the risks associated with the Newton Protocol, stating that some features are still under development.
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Livebitcoinnews
3w
423
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Lion Group Launches $600M Crypto Treasury with HYPE Token
- Lion Group Holding (LGHL), a Nasdaq-listed company, launches a $600 million cryptocurrency treasury reserve with the main asset being the Hyperliquid (HYPE) token.
- The company receives funding from ATW Partners to open the LGHL HYPE Treasury and engage in blockchain initiatives.
- Lion Group plans to strategically accumulate HYPE tokens and add Solana (SOL) and Sui (SUI) to the treasury mix for a next-generation crypto treasury.
- BitGo will provide security for the assets in the treasury, enabling safe and compliant crypto custody of Solana and Sui.
- CEO Wilson Wang sees HYPE and layer-1 chains as the future of trading, aligning with LGHL's work on derivatives and decentralized market systems.
- LGHL aims to blend public markets with decentralized finance, exploring the possibility of secondary listings on Asian stock exchanges like TSE and SGX.
- BitGo CEO Mike Belshe supports the initiative, highlighting the growing interest of institutional investors in blockchain assets.
- LGHL aims to attract long-term investors by leveraging decentralized finance protocols and strengthening its position in the digital asset space through its treasury.
- The move by Lion Group into the digital asset sector signifies a trend towards incorporating altcoins and decentralized technologies in institutional financial planning.
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TheNewsCrypto
3w
114
CryptosRus Founder Calls XRP-Cardano Alliance “Unstoppable Force” Citing Community Strength
- CryptosRus founder, George Tung, praises XRP and Cardano for having the strongest communities and dedicated holders.
- Potential power seen in combining XRP and Cardano ecosystems for market influence leveraging their size and loyalty.
- Recent collaboration efforts include RLUSD integration plans and a Midnight airdrop for XRP holders.
- George Tung describes the unified XRP and Cardano communities as an 'unstoppable force' in the cryptocurrency market.
- Both projects are highlighted for having strong holder bases willing to weather market challenges and regulatory hurdles.
- Renewed collaboration between XRP and Cardano communities after years of tension showcases active developer communities and committed investors.
- Historical tensions give way to strategic collaboration as both ecosystems navigate regulatory challenges and market uncertainties.
- Cardano founder, Charles Hoskinson, initiates collaborative efforts to integrate Ripple's RLUSD stablecoin on the Cardano network.
- Cardano founder's outreach efforts aim at cross-ecosystem integration and mutual support mechanisms for XRP and ADA holders.
- Current collaboration includes discussions about XRP support within Cardano's Lace wallet for multi-chain functionality.
- Cardano's push for Ripple's RLUSD on its network and a planned airdrop for XRP holders aim to expand utility and value for both communities.
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Coindoo
3w
141
Image Credit: Coindoo
Public Firms Turn Into Bitcoin Vaults as Crypto Strategy Goes Mainstream
- Public companies are transforming into Bitcoin vaults as a mainstream crypto strategy.
- This movement represents a significant shift in financial engineering according to Presto's Head of Research, Peter Chung.
- These companies aim to maximize shareholder value by leveraging volatility and drawing inspiration from pioneers in the field.
- Many firms are converting operational entities into digitally-focused holding vehicles backed by sophisticated U.S. capital markets.
- They are utilizing various financing tools like private placements, ATM offerings, convertible debt, and perpetual preferred shares to build up their crypto holdings.
- Critics warn of potential bubble dynamics, but Chung argues that managing liquidity and capital efficiently is crucial for risk management.
- Successfully executing this crypto strategy could lead to soaring net asset value multiples for companies, rewarding efficient capital structuring and long-term crypto exposure.
- However, companies that falter may face sharp valuation penalties, similar to traditional market dynamics based on earnings growth and capital discipline.
- The trend of public firms transforming into crypto treasury engines could be a defining financial story of the decade.
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