• Trading at $176.06, near the key support level at $175
• Ranks sixth with a market value of $94.43 billion and a daily trading volume of $7.37 billion
• Down 40% from its all-time high of $294.33 (January 2025)
• Mixed financial flows with significant purchases of 194,250 units followed by recent outflows
Incentive factors for the ecosystem
• The upcoming upgrade Alpenglow (Q4 2025) will deliver latency under 200 milliseconds and 10,000 settlements per second
• Strong developer activity with 600 million weekly trades despite a 16% drop in active addresses
• Strategic institutional partnerships with ARK Invest and R3 enhance credibility
• Remittix raising $18.5 million and Letsbonk leading the market demonstrate ecosystem vitality
Trading forecasts
• Market optimism dominates at 77.68% with a leverage ratio of 2.99
• Support area around $175 provides a buying opportunity
• Analysts expect a potential rise to $350 by year-end if momentum continues
• Caution is advised due to regulatory uncertainty and selling pressure
Risk considerations
• Short-term technical weaknesses identified by analysts in the community
• Regulatory review remains a concern for broader adoption
• Need to continue chain interactions to maintain growth trajectory
• Sales to realize profits contribute to recent volatility