⏺ Toncoin Plunges After Official UAE Checks The day after t | TopCryptoNews on Binance Square

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⏺ Toncoin Plunges After Official UAE Checks
The day after the hype, UAE authorities clarified: gold visibility cannot be obtained for TON staking.
Cryptocurrency investments are not support for issuing a visa.
$TON immediately rolled back down by more than 8%.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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🦄 #Uniswap price at risk as a rare pattern forms amid whale buying Uniswap’s token price has rebounded over the past three months, but technical indicators suggest a potential pullback. Uniswap (UNI) rose to $7.5485 on July 8, up 67% from its lowest level in April, valuing it at $4.7 billion. On-chain data shows UNI supply on exchanges climbed to 85.6 million, the highest level since June 5. This is up from 82.1 million last month and a year-to-date low of 69.27 million. Rising exchange balances typically signal that holders are preparing to sell, increasing downside risk. On the positive side, Unichain, the layer-2 network launched in March, continues to gain traction. Its protocols handled over $366 million in transactions in the past 24 hours, contributing to a 30-day volume of $6.23 billion, making it the third-largest layer-2 DEX network. Unichain’s DeFi total value locked has continued gaining momentum. It rose by over 28% in the last 30 days to over $1.17 billion. This makes it significantly larger than Cardano (ADA), a popular blockchain with less than $350 million in assets. Unichain’s total transactions have continued rising in the past few months. Its transactions rose by 42% in June, making it one of the fastest-growing chains in the crypto industry. Another bullish signal: whale holdings of UNI have surged 58% over the past 30 days to 5.69 million. 🔸 Uniswap price chart analysis The daily chart shows that UNI has dropped from its 2023 high of $19.44 to the current $7.53. It remains below the 23.6% Fibonacci retracement level of $8.10. The MACD indicator is signaling a bearish divergence, and the price has formed a rising wedge, a bearish chart pattern with ascending, converging trendlines. As the pattern nears confluence, a downside breakout is becoming more likely. If this happens, the next level to watch will be at $4.60, its lowest level this year, which is about 40% below the current level.

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🔥 SOL, ETH And XRP: Top Altcoins To Stack Before Next Bounce The crypto market might be choppy, but it’s creating opportunities for investors to stack promising altcoins before the next bounce. According to an analyst, with Bitcoin holding steady near $108,000, several altcoins are showing signs of bouncing back. 🔸 Altcoin 1: #Solana Solana (SOL) remains one of the top tokens to stack right now. Price recently bounced around the $150 support zone, and as long as it stays above $146, SOL could aim for $160-$165 in the short term. Solana continues to attract developers and is often seen as a high-potential layer-1 token for the next alt season. 🔸 Altcoin 2: #Ethereum Ethereum (ETH) is another solid bet, holding near its key $2,490 support. This zone marks ETH’s 200-day moving average and a crucial bullish level. If the market turns around, ETH could be one of the first majors to push higher, especially with activity on its network staying strong. 🔸 Altcoin 3: #XRP XRP’s latest chart action has traders watching closely as it approaches a critical resistance level, the 200-day moving average (MA). Historically, this level has acted as both strong support and resistance for XRP, and it’s currently blocking the token’s upward movement. For short-term, support levels to watch are around $2.31 and $2.295. These are possible dip-buy zones where a quick bounce might occur if the price drops. 🔸 Other Altcoin Plays Lastly, meme coins like Bonk (BONK) and Popcat (POPCAT) are on analysts’ radars for high-risk, high-reward plays. Bonk has been seeing fresh interest from smart money, while Popcat is testing key support around $0.285. Virtuals is also hitting a big demand area near $1.47. With multiple indicators like trend lines and moving averages lining up, the analyst expects a bounce of 5-8% soon. SUI is approaching its first major support at $2.78. If the dip continues, a stronger demand zone sits at $2.60. These levels could offer good entries for those looking to build positions at lower risk points.

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🤔 Everyone Expects PI Price to Crash—but Hidden RSI Divergence Hints at Surprise Reversal The Pi coin looks like it’s collapsing. However, a hidden divergence between PI price and momentum suggests otherwise. As exchange inflows rise and traders pile into shorts, a quiet reversal pattern is forming. 🔸 Exchange-Based Caution Remains High Pi coin’s exchange reserves have significantly surged over the past two months, with recent spikes showing large inflows to trading platforms. This typically indicates that holders are preparing to sell, not hold. The most recent table shows exchange net inflows outweighing outflows across major CEXs. That’s a caution flag for bulls. 🔸 Funding Rates Stay Deep in Negative Territory Funding rates on PI perpetual contracts are still firmly negative. That means traders holding long positions are being paid by those shorting PI, a sign that bearish conviction is high. Funding Rate reflects the cost of holding long vs. short positions in perpetual futures. A negative reading indicates traders are mostly short and paying to maintain bearish exposure. 🔸 Weak Bulls, But No Capitulation Yet The Elder Ray Index paints a confusing picture. Bulls remain mostly muted, and Bear Power is still showing consistent red bars. Yet, these bars are without fresh spikes, a trend that might just lead to some optimism. The Elder Ray Index is used to measure the strength of buyers and sellers by comparing price action to an exponential moving average. In PI’s case, the bulls are struggling to sustain momentum. 🔸 Hidden Bullish Divergence Gives Bulls a Slim Hope The one glimmer of optimism comes from the Relative Strength Index (RSI). While PI’s price has made consecutive lower lows, RSI has been printing higher lows, a textbook hidden bullish divergence. This often signals that bearish pressure is weakening, even if the price hasn’t reacted yet. The Relative Strength Index tracks momentum. When price falls but RSI rises, a hidden bullish divergence occurs, often a sign of an upcoming reversal. #PI #PiNetwork

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⚡️ $HBAR Price Shows Bullish Divergence, But Weak Fundamentals Still Haunt the Rally HBAR, Hedera’s native token, is showing signs of life after weeks of sideways chop, but not everything under the hood looks healthy. A clean RSI divergence, improving funding rates, and a rare CMF crossover into the positive territory hint at a possible breakout. Yet, under the surface, development activity remains stuck near multi-month lows. The question now is whether this rally has enough substance or if it’s just another technical bounce without backbone. 🔸 Funding Rates Show Bullish Build-Up, But No Euphoria Yet Futures traders have been steadily rotating bullish on HBAR, as seen in the rising funding rates across perpetual contracts. Since early June, the majority of candles have stayed green, meaning long positions are paying shorts, a typical sign of bullish bias returning. The last time HBAR maintained this pattern for an extended stretch was in September–October 2024. That period preceded a brief price rally, which aligns with the current slow upward grind. 🔸 Chaikin Money Flow Crosses Into Positive Zone For the first time in nearly two months, the Chaikin Money Flow (CMF) has crossed above the zero line. This indicator, which tracks buying and selling pressure weighted by volume, is often used to validate whether accumulation is genuine or just noise. The current CMF reading around +0.01 is still marginal, but it breaks a long streak of negative values. That crossover alone doesn’t confirm sustained inflows, but when paired with a strengthening price structure and RSI divergence, it adds a layer of technical support. 🔸 Development Activity Remains Concerning While price and derivatives sentiment are turning, Hedera’s development activity continues to trend downward. According to your Santiment chart, the purple line representing development contributions has been on a slow but steady slide since March. #HBAR #Hedera

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🪙 Ripple Price Prediction as CEO Brad Garlinghouse Heads to Senate For Crypto Hearing Ripple is back in focus this week as CEO Brad Garlinghouse prepares to testify before the U.S. Senate. The hearing, scheduled for Wednesday, will discuss the future of cryptocurrency regulations in the country. Garlinghouse shared his excitement on social media, saying he’s honored to speak before the Senate Banking Committee about the need for clear crypto market rules. He thanked Senators Tim Scott, Cynthia Lummis, and Ruben Gallego for their leadership in supporting digital assets. The timing is important, as lawmakers are also reviewing other crypto-related bills, including one for stablecoins and another focused on market structure for digital assets. If approved, these bills could provide much-needed clarity for the U.S. crypto industry. 🔸 XRP Price Prediction: What’s Next? Meanwhile, XRP’s price has been showing some bullish signs. On the 12-hour chart, XRP recently found support at around $2.20 and is now eyeing a key resistance zone between $2.31 and $2.35. However, the price has struggled to break above it several times in the past. If XRP manages to close above $2.36 on the daily chart, it could open the door for a move toward $2.44 in the short term, with a stronger resistance waiting between $2.60 and $2.65, a range last seen in mid-May. However, analyst Josh of Crypto World also warns that XRP might be forming a rising wedge pattern, which statistically tends to break to the downside. If this happens, XRP could drop back toward $2.20 or even $2.16-$2.17. The broader crypto market is still in an accumulation phase, with large investors quietly buying XRP while prices remain stable. If global liquidity continues to rise and crypto legislation moves forward, XRP could be well-positioned for a stronger rally. #XRP #Ripple

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