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Bitcoin extends decline below the 100-day EMA as bulls eye weekly support at around $108,500.
Ethereum falls 11% from its record high, reflecting risk-off sentiment and shrinking ETF inflows.
XRP maintains a bearish outlook as selling pressure outweighs demand below $3.00.
Cryptocurrencies remain under pressure on Friday, reflecting risk-off sentiment ahead of September. Attempts to sustain Bitcoin (BTC) price recovery have consistently failed, with Bitcoin trading below $110,000 at the time of writing.

Altcoins have not been spared, with Ethereum (ETH) leading the correction amid rampant profit-taking, following the run-up to a record high of $4,955 on Sunday. The largest smart contracts token holds above $4,300, but downside risks persist.

Data spotlight: Bitcoin ETF inflows steady
Interest in Bitcoin spot Exchange Traded Funds (ETFs) operating in the United States (US) is gaining momentum, as evidenced by the steady rise in inflows this week. According to SoSoValue data, BTC spot ETFs saw inflows of $179 million on Thursday, marking the fourth consecutive day of bullish activity. None of the 12 ETFs posted outflows, with Ark Invest’s ARKB leading with approximately $80 million in inflows.

Ethereum spot ETFs, on the other hand, extended their six-day bullish streak with $39 million in inflows on Thursday, marking a significant drop from the larger inflows experienced since August 21. Investors will monitor the trend in the coming days to gauge market sentiment ahead of the anticipated Federal Reserve (Fed) interest rate cuts in September.

Chart of the day: Bitcoin slips below $110,000
Bitcoin price has extended its decline below the 100-day Exponential Moving Average (EMA) at $110,852 and the round-figure support level of $110,000. Bearish sentiment prevails in the wider cryptocurrency market, with the Moving Average Convergence Divergence (MACD) indicator on the daily chart showing a sell signal.

If the MACD line in blue holds below the red signal line, the path of least resistance would remain downward as traders are encouraged to close long positions in BTC.

The Relative Strength Index (RSI) at 39 and falling toward oversold territory affirms the bearish outlook and the reduction in buying pressure. Key areas of interest for traders are the 100-day EMA resistance at $110,852, which, if reclaimed, could renew the bullish outlook for a breakout toward $120,000, the weekly support at around $108,500 and the 200-day EMA support at $103,975.

Altcoins update: Ethereum, XRP extend decline
Ethereum price holds above $4,300 at the time of writing as bulls rush to defend support and push for a reversal toward the record high of $4,955. Bears have the upper hand underpinned by a 12% drawdown from the all-time high, a sell signal from the MACD indicator and the RSI as it approaches the midline on the daily chart.

The technical outlook suggests that the path of least resistance is downward, with the Ethereum price targeting the 50-day EMA at $3,952.

A buy signal from the SuperTrend indicator indicates that bulls have a chance to turn the trend upward, targeting a significant move toward a record high above $4,955.

As for XRP, support at $3.00 gave in paving the way for accelerated declines below the 50-day EMA at $2.94. Overhead pressure appears steady, suggesting a risk-off sentiment as traders rush to protect their capital.

The 100-day EMA at $2.76 is poised to absorb the selling pressure if risk-averse sentiment takes center stage in upcoming sessions. Other key areas of interest to traders are the 200-day EMA at $2.49 and the pivotal $3.00, which, if reclaimed as support, could boost risk on sentiment toward XRP’s $3.66 record high.
$BTC
$ETH
$XRP

Pi Network ranked among assets with the strongest bullish sentiment on Friday.
Nordic exchange Valour launches eight different ETPs, including Pi Network.
Pi Network braces for 159.5 million token unlock in September.
Pi Network (PI) takes a breather on Friday, following a 5% rise on Thursday, to bounce back from its all-time low levels. The launch of a PI-focused Exchange Traded Product (ETP) fuels the possibility of a bullish rebound underpinned by the RSI divergence. However, 159.5 million tokens are scheduled to unlock in September, which could boost the supply pressure.

The first-ever Pi Network ETP launch
Valour, a subsidiary of the London Stock Exchange (LSE) listed DeFi Technologies, announced the launch of eight new crypto-focused ETPs. Capturing the attention of Pi Network users, commonly referred to as Pioneers, was the Pi-focused ETP, Valour Pi (PI) Swedish Krona (SEK) ETP.

Pi Network’s bullish sentiment is on the rise with the launch of the first-ever ETP.

Pi Network’s bullish sentiment is on the rise with the launch of the first-ever ETP. CoinMarketCap ranks Pi Network among the top 10 crypto assets with the strongest bullish sentiment over the last 24 hours, with an 87.7% bullishness rating.

Supply dump risks amid September token unlock
PiScan data shows nearly 159.5 million PI tokens will be released into circulation in September through daily unlocks. This massive token unlock could increase the overhead supply pressure on PI, risking further losses.

However, the launch of the recent Linux version of Pi Node and the Pi ETP has increased confidence, which could decrease the supply dump chances.

Pi Network eyes a leg higher in the falling channel pattern
Pi Network trades at $0.3578 at press time on Friday, having risen from an intraday low of $0.3521. The short-term rise increases the possibility of a bullish extension to the 5% rise from Thursday, which would mark an upcycle within the falling channel pattern on the daily chart.

A potential uptrend continuation in Pi coin could target the 50-day Exponential Moving Average (EMA) at $0.4096.

The momentum indicators on the daily chart suggest a steady rise in a bullish trend. The Relative Strength Index (RSI) reaches 44, indicating a slow rise from the oversold region, which suggests enduring growth in buying power.

Additionally, the Moving Average Convergence Divergence (MACD) diverges from its signal line to avoid a cross below. This indicates a revival in bullish momentum.

Looking down, if Pi slips under the $0.3442 level, marked by the August 5 close, it could test the all-time low of $0.3220 from August 1.

Cardano price finds support around the previous broken trendline, signaling an upside move ahead.
Everstake is now an official Cardano DRep, highlighting the growing expansion of the ADA network.
Derivatives data support a recovery with positive funding rate and rising bullish bets.
Cardano (ADA) shows signs of recovery, trading around $0.85 on Friday after finding support around its previously broken trendline earlier this week. Everstake becomes an official Cardano Delegated Representative (DRep) on Thursday, showing Cardano’s governance expansion. Moreover, positive funding rates and rising bullish bets further strengthen the case for a sustained rebound.

Cardano’s governance continues to expand
Cardano announced on Thursday that Everstake is the official Cardano DRep (Delegated Representative).

“We’re excited to play an active role in Cardano’s on-chain governance and help shape the future of one of the most decentralized ecosystems in crypto,” said Everstake X post.

As a DRep, Everstake has a direct voice in Cardano’s governance, voting on critical proposals, protocol upgrades, and community initiatives on behalf of ADA holders, thereby highlighting Cardano’s growing network expansion.

Derivatives data show signs of a recovery
Coinglass’s OI-Weighted Funding Rate data shows that the number of traders betting that the price of Cardano will slide further is lower than those anticipating a price increase.

The metric has flipped a positive rate on Tuesday and rose to 0.0070% on Friday, indicating that longs are paying shorts. Historically, as shown in the chart below, when the funding rates have flipped from negative to positive, Cardano’s price has rallied sharply.

Apart from positive funding rates, Cardano’s long-to-short data also shows a rise in bullish bets among traders, further supporting the recovery view.

Cardano Price Forecast: ADA steadies around key support zone
Cardano price retested the previously broken trendline, which roughly coincides with the 61.8% Fibonacci retracement level at $0.82 on August 22, and rallied by over 9%. However, ADA failed to sustain the upward momentum and declined 7% so far this week, steadying around the $0.82 support zone. At the time of writing on Friday, it hovers at around $0.85.

If the $0.82 continues to hold as support and ADA recovers, it could extend the rally toward its August 14 high of $1.02.

The Relative Strength Index (RSI) on the daily chart is hovering around its neutral level of 50, indicating indecision among traders. For the recovery rally to be sustained, the RSI must move above its neutral level.

However, if ADA closes below the $0.82 support level on a daily basis, it could extend the correction toward its next support level at $0.76, which is the 50% price retracement.
$ADA

Bitcoin stabilizes around $111,400 on Friday after finding support near the 100-day EMA earlier in the week.
Ethereum price finds support around its daily level at $4,488, eyeing a potential rally toward record highs.
Ripple’s XRP holds above $2.78, aiming for further recovery ahead.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain steady around their key support levels on Friday after correcting by nearly 2%, 7%, and 3%, respectively, so far this week. Buyers stepping in at these key support levels could hint at potential recovery for the top three cryptocurrencies. Despite signs of stabilization, traders remain cautious as broader market sentiment stays fragile.

Bitcoin finds support around the 100-day EMA
Bitcoin price found rejection from a previously broken trendline on Saturday and declined by more than 5% until Monday, closing below its 100-day Exponential Moving Average (EMA) at $110,883. However, BTC recovered slightly on Tuesday and found support around this level for the next two days. At the time of writing on Friday, it trades around $111,400.

If the 100-day EMA at $110,883 continues to hold as support, BTC could extend the recovery toward its next daily resistance at $116,000.

However, the Relative Strength Index (RSI) on the daily chart reads 42, which is below its neutral level of 50, indicating bearish momentum. For the recovery rally to be sustained, the RSI must move above its neutral level.

On the other hand, if BTC corrects and closes below its 100-day EMA, it could extend the decline toward its next key support at $103,991, the 200-day EMA.

Ethereum could rally toward record high if the daily support holds
Ethereum reached a new all-time high of $4,956 on Sunday but failed to maintain its upward momentum, declining 8.45% the next day. However, it recovered 5% on Tuesday, closing above its daily resistance at $4,488 and found support around this level. At the time of writing on Friday, it continues to find support around $4,488.

If ETH continues its recovery, it could extend the rally toward its record high of $4,956. The RSI on the daily chart reads 55, above its neutral level of 50, indicating bullish momentum.

However, if ETH faces a correction, it could extend the decline to retest its next daily support at $4,232.

XRP shows early signs of recovery
XRP price corrected over 5% on Monday and closed below its 61.8% Fibonacci retracement level at $2.99. However, it recovered from Monday’s fall the next day after finding support around its 100-day EMA at $2.76. At the time of writing on Friday, it hovers at around $2.93.

If the 100-day EMA at $2.76 continues to hold as support, it could extend the rally toward its next daily resistance at $3.40.

The RSI on the daily chart reads 46, nearing its neutral level of 50, indicating early signs of fading bearish momentum. Moreover, the MACD also showed decreasing red histogram bars, supporting the fading bearish momentum view.

However, if XRP faces a correction, it could extend the decline toward its key daily support at $2.72.

Pyth Network surged 99% on Thursday as the price layer integrated US GDP data on-chain.
Pump.fun bounces back as the supply shock after a $10 million buyback initiative from last week takes effect.
POL rebounds as a Philippine senator demands that the national budget be recorded on-chain on Polygon.
Pyth Network (PYTH), Pump fun (PUMP) and POL (POL) gained over 99% on Thursday, fueled by the US Gross Domestic Product (GDP) data integration. Pump. Fun and POL follow the gains underpinned by buyback programs and the demands of the on-chain Philippine national budget, respectively.

Pyth Network skyrockets with US GDP data integration
Pyth Network, the on-chain price layer, grabs the broader cryptocurrency market’s attention as the US GDP data goes live on-chain. Howard Lutnick, the US Secretary of Commerce, announced the shift to blockchain for transparency, showcasing strong economic confidence with a 3.3% rise in US GDP.

PYTH trades at $0.2314 at press time on Friday, targeting the 61.8% Fibonacci level at $0.2653, which is drawn from $0.5533 on December 3 to $0.0807 on June 22. A decisive push above this level could extend the rally to $0.3665, aligning with the 78.6% Fibonacci level.

The momentum indicators on the daily chart share a bullish bias as the Relative Strength Index (RSI) at 79 enters the overbought zone and the Moving Average Convergence Divergence (MACD) shoots up with its signal line.

On the flip side, if PYTH retraces below the 50% retracement level at $0.2114, it could decline to the 38.2% Fibonacci level at $0.1664.

Pump fun aims to extend the wedge breakout rally
Pump fun gains traction after spending 99.32% of revenue from August 22 to August 26 to acquire $10.65 million in PUMP tokens. This boosted the holdings to $58.13 million, which offsets over 4% of the circulating supply of tokens.

PUMP ticks lower by over 2% at press time on Friday after three consecutive days of gains. The recovery run marked a breakout from a falling wedge pattern on the 4-hour chart.

PUMP targets the retest of the 200-period Exponential Moving Average (EMA) at $0.003287.

Still, the momentum indicator signal heightened bullish pressure as the RSI held at 65 after reversing from the overbought zone. Additionally, the MACD and its signal line maintain a steady rise.

Looking up, a potential bounce back from the 200-period EMA could test the $0.004080 level, acting as the peak of the falling wedge pattern.

POL eyes trend reversal with 200-day EMA breakout
POL gains traction fueled by the demands of Philippine Senator Bam Aquino to record the national budget on the blockchain, Polygon. Its native token has increased over 3% on the day at the time of writing, challenging the 200-day EMA at $0.2602.

A potential close above this level could extend the uptrend to the $0.2822 level, aligning with the 38.2% Fibonacci level, drawn from $0.7685 on December 3 to $0.1519 on April 7.

The RSI at 57 rises from the neutral regions, suggesting a resurgence in buying activity with room for further growth before reaching overbought levels.

On the downside, if MATIC experiences a bearish reversal, it could retest the 50-day EMA at $0.2334.
$PYTH
$PUMP
$POL

Bitcoin embraces a short-term falling wedge pattern breakout, targeting a 6% increase to $120,000.
Ethereum extends recovery above $4,600 as bulls target breakout toward $5,000.
XRP struggles to hold $3.00 as the futures Open Interest steadies above $8 billion.
Bitcoin (BTC) extends recovery near $113,000 on Thursday, supported by enhanced market sentiment and reduced selling pressure. Altcoins led by Ethereum (ETH) display recovery signs, following Bitcoin’s footsteps. Ripple (XRP), on the other hand, is struggling to hold support at $3.00, which could pave the way for a reversal toward the next key resistance at $3.35.

Data spotlight: Bitcoin, Ethereum recover amid easing selling pressure
Bitcoin is gaining bullish momentum toward the $113,000 level, backed by growing investor optimism and declining selling pressure. Steady but relatively low BTC Exchange Traded Funds (ETF) inflows reinforce the bullish grip.

SoSoValue data shows that spot ETFs operating in the United States (US) saw inflows of $81 million on Wednesday, marking a three-day streak. BlackRock’s IBIT was the best-performing ETF with $51 million in daily net inflows, followed by Fidelity’s FBTC with $15 million. None of the 12 ETFs experienced outflows, backing the strong investor optimism narrative.

Investors are paying more attention to Ethereum despite the largest smart contracts token trading near its record high of $4,955. Ethereum spot ETFs recorded inflows of $307 million on Wednesday, bringing the cumulative total net inflow to $13.6 billion and the net assets to $30 billion. SoSoValue data shows that ETH ETFs have extended the inflow streak to four days, underscoring risk-on sentiment.

As for XRP, interest in the cross-border money transfer token remains relatively elevated, with the futures Open Interest (OI) holding above the $8 billion mark. In contrast, the OI peaked at $10.94 billion on July 22 after XRP hit a new record high of $3.66 on July 18. Steady interest could boost the OI in the coming days and weeks, as sentiment strengthens, increasing the chances of reaching a new all-time high.

Chart of the day: Bitcoin poised for $120,000 breakout
Bitcoin price is trading slightly below $113,000 at the time of writing, following a break above a falling wedge pattern on the 4-hour chart below. This is a bullish pattern formed by two converging trendlines, signaling bearish exhaustion ahead of a bullish breakout.

Following the breakout above the pattern’s upper trendline resistance, a 6% move to $119,546 is anticipated. This target is determined by measuring the distance between the widest points of the pattern and extrapolating above the breakout point.

A buy signal given by the Moving Average Convergence Divergence (MACD) indicator reinforces the bullish outlook. Traders will likely increase their exposure as the blue MACD line remains above the red signal line.

Key areas of interest to traders are the short-term resistance at $113,035 highlighted by the 50-period Exponential Moving Average (EMA), the 200-period EMA hurdle at $114,974 and the round-figure support at $110,000.

Altcoins update: Ethereum, XRP hold key support
Ethereum price has extended its recovery near $4,600, backed by institutional demand and growing retail interest. The smart contracts token is positioned above key moving averages, including the 50-period EMA at $4,534, the 100-period EMA at $4,423 and the 200-period EMA at $4,157, all of which could serve as tentative support levels if the price reverses the trend.

The sideways movement of the Relative Strength Index (RSI) above the midline, along with the MACD indicator near the zero line, signals market indecision. A daily close above $4,600 could affirm the bullish outlook and increase the chances of Ethereum extending the uptrend toward the $5,000 mark. However, a correction toward the 200-period EMA support at $4,157 cannot be shrugged off, considering the push and pull between bulls and bears.

As for XRP, bulls are holding the $3.00 level, with attempts to extend the recovery toward the next key resistance at $3.35 failing to gain momentum. A buy signal from the MACD indicator reinforces the subtle bullish grip. Still, the sideways-moving RSI above the midline, currently at 52, suggests neutral buying pressure.

Traders will likely hold their long positions underpinned by a SuperTrend buy signal. This trend-following tool uses the Average True Range (ATR) to gauge market volatility. It functions as a dynamic support when trailing the price of XRP, hence the bullish outlook in the short term. In the event support at $3.00 is breached, XRP would be susceptible to a 9% decline, targeting the level at $2.72, which was tested on August 3.
$BTC
$ETH
$XRP

VeChain consolidates above the 50-day and 100-day EMAs as bulls aim for a 32% run.
VeChain is quietly building institutional rails to support decentralization and the next phase of real-world adoption.
VeChain’s sideways price action suggests accumulation ahead of a technical breakout to $0.0338.
VeChain (VET) is trending up and trading above $0.0250 on Thursday as bulls aim for a 32% technical breakout to $0.0338. The token’s nearly 4% increase has the backing of the derivatives market, as evidenced by the futures-weighted funding rate rising and stabilizing at 0.0113%.

Traders are increasingly leveraging long positions in VET despite an extended range consolidation. If the funding rate steadies in the coming days, the VET price could gain bullish momentum and increase the chances of the 32% breakout.

VeChain targets institutional adoption
VeChain is gradually transitioning from a retail-focused platform to one that favors institutional adoption. In addition to building rails to support real-world assets (RWAs), the platform’s staking architecture has undergone significant changes. These modifications have been incorporated into VeChain’s StarGate, a platform launched on July 1 to revamp staking supported by the protocol’s latest software upgrade, called Galactica.

The new staking mechanism is tracked using non-fungible tokens (NFTs), ensuring transparency through on-chain minting and verification. Following the launch of StarGate, 5.8 billion VET had been locked in the smart contract as of Wednesday.

StarGate could position VeChain as an institutional-grade staking protocol by minting positions as NFTs, turning them into on-chain primitives that are traceable, portable, composable and built to scale.

VeChain is also collaborating with institutions like BitGo to build institutional-grade digital infrastructure. The integration with BitGo supports regulated custody and insurance-backed safeguards, which reduce operational risk for large stakeholders aiming for validator roles.

Technical outlook: VeChain poised for breakout
VeChain is positioned above the 50-day Exponential Moving Average (EMA) at $0.0245 and the 100-day EMA at $0.02484. Its bullish outlook is underpinned by the Relative Strength Index (RSI), which stands at 55, rising as buying pressure intensifies.

The Bollinger Bands indicator on the daily chart indicates low trading volume as consolidation extends widely. Further constriction of the bands would signal a potential breakout toward the supply around $0.0338.

Still, the Moving Average Convergence Divergence (MACD) indicator, currently sideways around the zero line, indicates that the current sideways trading could last longer than expected. Traders will look for a break above the 200-day EMA at $0.0265 to assess recovery strength, with eyes fixed on the seller congestion at $0.0338.
$VET

Pi Network rises over 3% on the day, extending an upcycle within a falling channel pattern.
The Pi core team has released the Linux version of the Pi Node.
The Stellar protocol 23 upgrade will enable smart contract support on Pi Network.
Pi Network (PI) ticks higher by 3% at press time on Thursday, fueled by the release of Pi Node’s Linux version and the announcement of smart contract functionality with Stellar’s upcoming protocol 23 upgrade. The technical outlook holds a bullish bias as PI rebounds from a crucial support band for a renewed upcycle within a falling channel pattern, with bulls eyeing a potential breakout.

Pi core team drops Linux upgrade ahead of smart contracts bundled with protocol 23 release
Pi Node, a desktop software that serves as a single-entity node in the Pi Network, has expanded its support to include Linux, in addition to Windows and macOS. This release to a new operating system (OS) will receive two testnet rollouts, followed by the mainnet release in the upcoming weeks.

The core team has expressed concerns about potential network outages during the upcoming rollouts, which will be announced in advance.

Similar to other OS versions, this release will receive embedded Know Your Customer (KYC) authority with the upcoming upgrades, ensuring the Pi Network remains a KYC-verified blockchain. With the Pi Node stepping into the Linux ecosystem, the network is inching closer to mainnet activation, which will enable pioneers to deposit verified PI balances and fully kickstart the Pi ecosystem.

To boost the Pi ecosystem with smart contract functionality, the Pi Network will utilize the upcoming Stellar protocol version 23. On the Stellar Mainnet, voting will be conducted on September 3.

It is worth mentioning that Onramp Money has hinted at a potential Pi Network integration on September 1. The hints mention “3.14159,” which are the initial six digits of Pi. In parallel to the Linux drop, the hint from Onramp Money fuels the anticipation of Mainnet activation.

Pi Network eyes extended recovery to the 50-day EMA
Pi Network trades at $0.3519, appreciating over 3% on the day as it bounces off from above the $0.3220 low from August 1. The intraday recovery signals a potential upcycle within a larger falling channel pattern formed on the daily chart.

The recovery run could target the upper ceiling of the chart pattern, moving alongside the 50-day Exponential Moving Average (EMA) at $0.4120, as the Relative Strength Index (RSI) reads 47 on the same chart, pointing towards the halfway line as buying pressure rejuvenates.

Furthermore, the uptrend in RSI marks a bullish divergence with the PI token price action.

Looking down, if PI loses the ground covered by the intraday recovery, it could test the all-time low of $0.3220, reached on August 1. In such a case, a potential spike in supply pressure could trigger a flash of the $0.3000 psychological support on the bearish radar.

Avalanche approaches the apex of an ascending triangle pattern, with bulls targeting the $26 supply zone breakout.The C-chain transaction count hits a year-to-date high of 2 million, indicating increased developer activity. The Avalanche Foundation incentivizes eight projects with a $250,000 grant under the Retro9000 Cohort 2 support. 
Avalanche (AVAX) edges higher by 1% at press time on Thursday, approaching the apex of an ascending triangle pattern as traders anticipate an outcome shortly. The increased developer activity on Avalanche’s contract chain (C-chain) reached a year-to-date high of 2 million transactions on Sunday. 
Furthermore, the Avalanche Foundation aims to catalyze further development activity through the Retro9000 Cohort 2 incentives. 
Avalanche Foundation pushes developer activity with $250,000 in grants
Snowtrace data shows that Avalanche C-chain, a dedicated layer for smart contracts and decentralized applications (dApps), reached an annual high of 2 million transactions on Sunday. A rise in C-chain transactions relates to increased production or activity from developers pushing new dApps or smart contracts. 

As the Avalanche’s development layer heats up, the Avalanche Foundation has announced the release of $250,000 in grants to eight projects from the $40 million Retroactive9000 pool. The pool was announced in late 2024 and previously rewarded over $1 million to 19 projects in June. 
AVAX nears the crossroads at the end of an ascending triangle pattern
AVAX bounces off within an ascending triangle pattern formed on the daily chart (shared below) from the support trendline formed by connecting the lows of June 22 and August 3. The recovery run extends for the third consecutive day, with bulls eyeing a challenge to the $26 supply zone, acting as the triangle’s ceiling, and marked yellow on the same chart. 
If AVAX extends the recovery run above the supply zone with a clean push, it could extend the rally to $32.00, aligning with the R2 pivot level. 
Adding a bullish bias to the technical outlook, the rising 50-day Exponential Moving Average (EMA) inches closer to the 200-day EMA for a Golden Cross. This would mark a bullish shift in the short-term trend, outpacing the prevailing slowdown. 

Still, the momentum indicators maintain a neutral stance on the daily chart, as the Moving Average Convergence Divergence (MACD) and its signal line move flat above the zero line, in an intertwined fashion. Furthermore, the Relative Strength Index (RSI) at 52 on the same chart holds above the halfway midline, indicating a cool-off period in buying pressure. 

Looking down, a break below the 200-day EMA at $23.49, aligning with the support trendline, would invalidate the triangle pattern. This could extend the downfall in AVAX to the centre Pivot level at $19.82. 
$AVAX

Stellar price nears its key support zone on Thursday, hinting at a potential rebound.
Derivatives data show early signs of recovery as funding rates flip positive.
The technical outlook suggests potential gains, bolstered by VersaBank’s use of the XLM blockchain to test its tokenized deposit, USDVB.
The Stellar (XLM) price trades around $0.38 on Thursday, following a recent pullback, with price action nearing a key support zone that could pave the way for a rebound. Derivatives data also support the recovery thesis, as funding rates have turned positive. Adding to the optimism, VersaBank has announced plans to leverage the XLM blockchain in testing its tokenized deposit, USDVB.

Positive funding rates and growing network usage hint at a recovery
CoinGlass’s OI-Weighted Funding Rate data shows that the number of traders betting that the price of Stellar will slide further is lower than that anticipating a price increase.

The metric flipped to a positive rate on Wednesday and now reads 0.0071%, indicating that longs are paying shorts.

Historically, as shown in the chart below, when the funding rates have flipped from negative to positive, the Stellar price has rallied sharply.

Apart from the positive funding rate, XLM also shows growing network usage and increasing acceptance. VersaBank, a Canadian digital bank, announced on Tuesday that it has launched an internal pilot program in the United States for its USDVBs, the US-dollar version of its proprietary Digital Deposit Receipts (DDRs), a more compliant alternative to stablecoins. Each token, branded USDVB, represents one U.S. dollar held on deposit at VersaBank USA.

These tokenised deposits will be managed through the bank’s digital vault and e-wallet platforms and issued on the Stellar blockchain alongside Ethereum (ETH) and Algorand (ALGO).

“VersaBank USA expects the USDVB Pilot Program to be completed by the end of calendar 2025 with commercial launch to occur as soon as possible thereafter,” says its press release.

XLM Price Forecast: Nears its key support zone
Stellar price faced rejection from its daily level at $0.45 on August 14 and declined by nearly 17% in the next 14 days until Wednesday. At the time of writing on Thursday, it hovers around $0.38, nearing the ascending trendline and the 50% price retracement level at $0.36.

If XLM holds above these key support zones, it could extend the rally toward its daily resistance at $0.45.

The Relative Strength Index (RSI) on the daily chart reads 42, below its neutral level of 50, indicating bearish momentum. For the recovery rally to be sustained, the RSI must move above its neutral level.

However, if XLM faces a correction and closes below its 50% price retracement at $0.36, it could extend the decline towards its weekly support at $0.35.
$XLM

Cronos extends the bullish run fueled by Trump Media’s plan to create a CRO treasury company.
Kaia edges higher by 7%, extending the 7% rise from Wednesday, underpinned by Upbit’s adoption.
Raydium extends the uptrend for the third consecutive day, driven by a 71 million token buyback.
Cronos (CRO), Kaia (KAIA), and Raydium (RAY) are the top performers in the cryptocurrency market over the last 24 hours. Cronos extends the rally fueled by the Trump Media and Crypto...com partnership for a CRO treasury company. The adoption of Kaia Chain for USDT transactions by the South Korean exchange Upbit drives the recovery run in KAIA. Raydium, under its recent buyback policy, has reacquired 71 million RAY tokens, resulting in a 26% decline in circulating supply and boosting demand.

CRO hits a new annual high with bulls eyeing $0.50
Cronos extends the bullish trend by 35% at press time on Thursday, crossing the $0.3500 level last seen in May 2022. The uptrend targets the 1.618 Fibonacci retracement level at $0.5058, which is derived from the high of $0.2353 on November 11 to the low of $0.0682 on February 28.

A decisive close above the 1.272 Fibonacci retracement at $0.3295 would increase the chances of an extended rally to the $0.5058 level.

The momentum indicators on the daily chart suggest heightened bullish momentum as the Moving Average Convergence Divergence (MACD) and its signal line scale up. Furthermore, the Relative Strength Index (RSI) stands at 90, edging higher within the overbought zone, indicating increasing buying pressure.

On the flip side, a potential reversal below the $0.3295 level could retest the $0.2353 peak from November 11.

KAIA gains momentum with the Upbit adoption
Kaia edges higher by over 7% at press time on Thursday, challenging an overhead resistance trendline on the daily chart (shared below). The uptrend is underpinned by Kaia Chain’s adoption by the South Korean exchange Upbit, enabling USDT transactions for its users.

Driven by the adoption, KAIA could mark a decisive close above this resistance trendline at $0.1670. Based on the Fibonacci retracement from $0.4250 on December 2 to $0.0800 on February 3, the trendline breakout run could target the 50% retracement level at $0.1844.

The momentum indicators suggest a recovery in buy-side dominance on the daily chart as the MACD crosses above its signal line, signaling a bullish shift in trend momentum. Furthermore, the RSI at 59 spikes above the midpoint line, indicating a rise in buying pressure.

Looking down, if KAIA reverses from the resistance trendline, it could retest the $0.1500 psychological level.

RAY inches closer to reclaiming the $4.00 mark
Raydium trades at $3.86 at the time of writing, gaining over 7% on the day, with bulls eyeing to reclaim the $4.00 level. The Solana-based protocol enters a recovery period driven by a purchase of nearly 71 million RAY tokens under its recent buyback policy, which has decreased its circulating supply by over 26%. This sharp decrease in available supply has resulted in increased demand.

The recovery run hints at a Golden Cross between the 100- and 200-day Exponential Moving Averages (EMAs), which would signal the short-term trend crushing the prevailing slowdown.

RAY eyes the $4.31 level, aligning with the 61.8% Fibonacci level, which is drawn from the $8.70 high of January 23 to the $1.38 low of April 7.

The RSI at 61 bounces off the halfway line, indicating a rebound in buying pressure. Still, the MACD moves flat, intertwined with its signal line, maintaining a neutral stand.

If RAY slips below the 50% retracement level at $3.47, it could extend the decline to the 50-day EMA at $3.11.
$KAIA
$RAY

The number of Solana-focused treasuries has climbed to thirteen, with combined holdings now exceeding $1.7 billion in SOL.
Digital asset treasuries focused on Solana, led by Sharps Technology, have amassed 1.44% of SOL's total supply.
SOL is up 5% in the past 24 hours, as it eyes the $224 resistance.
Solana (SOL) gained 5% on Wednesday as corporate treasuries expanded their holdings to 8.27 million SOL, valued at $1.72 billion.

Solana rises as corporate treasuries stack over 8 million SOL
Institutional demand for Solana has climbed in recent months, with the number of corporate SOL treasuries reaching thirteen, according to data from the Strategic SOL Reserve website.

The data suggests that Solana treasury companies have scooped a combined 8.27 million SOL, worth $1.72 billion in the past few months. Their total holdings now constitute 1.44% of Solana's total supply.

Sharps Technology leads the pack with a stash of 2.14 million SOL. The company announced plans to raise $400 million for a Solana treasury on Monday via a private investment in public equity (PIPE) transaction.

Upexi and DeFi Development Corporation came next, holding 2 million SOL and 1.42 million SOL, respectively.

The Solana treasury trend accelerated in April after DeFi Development Corp rebranded from Janovar following a change in its leadership. Since then, the firm, alongside other public companies, has steadily expanded its holdings.

Apart from the thirteen corporate entities listed on the Strategic SOL Reserve website, other companies have shown interest in building Solana-focused treasuries.

Pantera Capital is reportedly seeking to raise $1.25 billion to convert a Nasdaq-listed firm into 'Solana Co.,' a vehicle designed to amass SOL as a treasury asset.

Likewise, Galaxy Digital, Multicoin Capital, and Jump Crypto are allegedly planning a $1 billion offering to establish a Solana treasury, with Cantor Fitzgerald serving as lead banker.

SOL is up 5% in the past 24 hours, trading at around $205 at the time of publication. The fourth-largest altcoin is testing the $209 resistance as it eyes a potential move toward $224.

On the downside, SOL just moved above a symmetrical triangle with its lower boundary and 50-day Simple Moving Average (SMA) serving as support near the $180 level.

The Relative Strength Index (RSI) is above its neutral level, continuing its range-bound movement between its midline and overbought boundary over the past three weeks. This indicates a choppy market with a slight bullish tilt.
$SOL

Bitcoin faces weakening speculative demand, increasing the risk of a further decline toward support around $103,000.
Ethereum remains choppy between support at $4,000 and its record high of $4,950 despite steady ETF inflows.
XRP trades above $3.00 pivot level, but downside risks persist, reflecting weak sentiment.
Bitcoin (BTC) extends price fluctuation trading above $110,000 on Wednesday, mirroring widespread uncertainty in the broader cryptocurrency market. Altcoins led by Ethereum (ETH) and Ripple (XRP) remain choppy at the time of writing.

Extended recovery remains uncertain due to prevailing market conditions, prompting caution among traders who have shifted their attention to the Federal Reserve (Fed) and its likely interest rate cuts in September, which would provide direction for risk assets like Bitcoin and cryptocurrencies.

Data spotlight: Bitcoin’s on-chain demand shrinking as Ethereum ETF inflows steady
Bitcoin’s run to new record highs of around $124,474 on August 14 was met by rampant profit-taking, especially from whales. This, coupled with risk-off sentiment due to macroeconomic uncertainty surrounding inflation, the job market, and interest rate cuts in the United States (US), contributed to the heightened price volatility.

According to Glassnode, Bitcoin is facing a pullback in the monthly average of change-adjusted transfer volume from approximately $26.7 billion to $23.2 billion. If the correction extends beneath the yearly average of $21.6 billion, it will confirm speculative activity is shrinking and indicate a wider contraction in on-chain demand.

Interest in Bitcoin has plummeted over the past weeks, as evidenced by spot Exchange Traded Funds (ETFs) outflows and low inflows. According to SoSoValue data, US spot ETFs saw $1.17 billion in total outflows last week, affirming the risk-off sentiment. Although the trend turned around on Monday and Tuesday with inflows of $219 million and $88 million, respectively, the uptake rate is significantly lower compared to May, June and July.

Traders will be watching the recovery in ETF inflows in the coming days and weeks, heading toward the anticipated September interest rate cuts by the Federal Reserve (Fed), to gain insight into the direction of the trend.

Ethereum, on the other hand, boasts a stronger spot ETF inflow rate, with inflows stabilizing as of Thursday. Despite the ETH price reaching a new record of $4,955, institutional demand remains elevated, underpinned by the $455 million in inflows on Tuesday, bringing the total weekly net inflow to $899 million so far. Ethereum ETFs experienced net outflows of $238 million the previous week.

Chart of the day: Bitcoin risks extending decline
Bitcoin price holds above $110,000 amid heightened volatility and declining speculative demand. The daily chart below highlights a short-term support level at $108,666, tested on Tuesday, and resistance at $114,445, provided by the 50-day Exponential Moving Average (EMA).

The 100-day EMA provides short-term support at $110,834. Still, downside risks persist, particularly with the Moving Average Convergence Divergence (MACD) indicator maintaining a buy signal since August 17.

Investors will likely lean toward de-risking due to market uncertainty, as evidenced by the Relative Strength Index’s (RSI) extended decline into the bearish region. Further correction targeting oversold territory would indicate a significant reduction in speculative demand.

Should the support at $108,666 fail to hold, traders will shift their focus to the next key level at $103,834 as highlighted by the 200-day EMA. A 6% decline from the current level could present new entry opportunities and increase the likelihood of a strong recovery toward $120,000.

Altcoins update: Ethereum, XRP eye recovery to record highs
Ethereum price is trading above $4,600 at the time of writing, buoyed by positive sentiment and steady institutional demand. Despite bullish sentiment, micro indicators such as the MACD and the RSI suggest that the decline could continue in the short term.

For instance, the MACD indicator shows a sell signal confirmed on Monday while the RSI fluctuates between the midline and overbought territory. If traders closely monitor these technical indicators, risk-off sentiment could persist, leaving ETH susceptible to further decline toward range support at $4,000. The 50-day EMA at $3,916 is in line to absorb the selling pressure if the decline accelerates due to potential profit-taking.

On the bright side, Ethereum is positioned above key moving averages, including the 50-day, 100-day, and 200-day EMAs, all of which are upward-facing, indicating strong bullish sentiment. A break above the $5,000 level could launch Ethereum into the price discovery phase, making long positions significantly attractive to investors.

As for XRP, the price is consolidating slightly above $3.00, indicating a lack of conviction in the uptrend. The token also holds above support at $2.95 provided by the 50-day EMA, which could protect investors against downside risks.

The MACD indicator remains stable around the zero line, yet it still upholds a sell signal, likely encouraging risk-off sentiment among traders.

If the RSI gains momentum above the midline and the blue MACD line flips above the red signal line, the path of least resistance could remain upward, increasing the chances of XRP extending recovery above the short-term hurdle at $3.12, tested on Sunday and $3.38, tested on August 8.
$BTC
$ETH
$XRP

News background
CME Group recently said its crypto futures suite surpassed $30 billion in notional open interest for the first time, with XRP futures crossing $1 billion in just over three months — the fastest pace for a new contract.
Broader crypto sentiment improved after Fed Chair Jerome Powell’s Jackson Hole remarks, which boosted expectations of policy easing later this year.
XRP continues to trade under the shadow of U.S. regulatory uncertainty, even as corporate treasuries explore cross-border payment pilots with Ripple’s technology.
Price action summary
From August 26 at 03:00 to August 27 at 02:00, XRP gained 3.60%, rising from $2.89 to $2.99 within a $0.20 intraday band.
The sharpest move came at 19:00 GMT on August 26, when XRP pierced $3.08 on extraordinary 167.60 million volume before rejecting at that level.
In the final hour (01:21–02:20 GMT on Aug. 27), XRP oscillated within a $0.13 corridor, consolidating gains while holding steady near the $2.99–$3.00 zone.
Technical analysis
Support: $2.89 remains the key base after multiple successful retests; $2.99 now acting as a psychological floor.
Resistance: $3.06–$3.08 is the near-term ceiling, reinforced by the heavy rejection on high volume at $3.08.
Momentum: RSI recovered from oversold 42 to the mid-50s, suggesting strengthening near-term trend.
Volume: 167.60 million tokens changed hands during the $3.08 test — more than double the 30-day average — a clear sign of institutional participation.
Patterns: Double bull-flag and rounding-bottom structures highlight potential upside, with technicians eyeing $5.85 as a longer-term breakout target.
Compression: Diminishing peaks around $3.01–$3.00 in late trading indicate a coiling setup ahead of a directional move.
What traders are watching
Whether $2.99–$3.00 can hold as a solid psychological support.
A confirmed break above $3.08 potentially opens a run to $3.20 and beyond.
Downside risks remain if $2.84 is breached, with $2.80 as the next key level.

CME open-interest growth and institutional flows will be watched closely for confirmation of sustained momentum.

Pi Network Price Forecast: PI token nears all-time low with 149 million unlock looming in September :
Pi Network price edges down on Wednesday, nearing its all-time low of $0.322 set on August 1.
PiScan data indicates that the upcoming monthly token unlock of over 149 million tokens in September could increase selling pressure.
Artemis data show that daily trading volumes have been steadily declining since mid-May, signaling a weakening of market interest.
Pi Network (PI) trades in red, below $0.339 on Wednesday, edging closer to its all-time low of $0.322 set on August 1. Traders are bracing for a major token unlock event next month, with over 149 million tokens scheduled to unlock — a development that could intensify selling pressure amid already declining trading volumes and weakening market sentiment.

Pi Network’s 149 million token unlock could fuel a deeper correction
PiScan’s monthly unlock data indicates that over 149 million tokens, worth $50.71 million, are set to unlock in September. These token unlock events will increase the circulating supply of PI and could increase selling pressure, which can weigh down prices. However, planned unlock schedules may have a less significant impact as the trading community anticipates the move and likely positions itself accordingly.

Another bearish sign that traders should watch for is the decline in interest and liquidity on the PI chain. Artemis Terminal data show that the daily token trading volume has been steadily declining since mid-May, standing at $43.8 million on Tuesday, which signals a weakening of market interest.

Pi Network Price Forecast: PI nears its all-time low
Pi Network price has been trading within a descending channel pattern (drawn by connecting multiple highs and lows with two trendlines since mid-May) and has fallen by more than 17% this month, reaching an all-time low (ATL) of $0.322 on August 1. At the time of writing on Wednesday, it continues to trade down at around $0.340.

If PI continues its downward trend, it could extend the decline toward its ATL of $0.322.

The Relative Strength Index (RSI) on the daily chart reads 38, below its neutral level of 50, indicating strong bearish momentum. The Moving Average Convergence Divergence (MACD) indicator lines coil against each other, suggesting indecisiveness among traders.

However, if PI recovers, it could extend the recovery toward its daily resistance at $0.400.

Bitcoin stabilizes around $111,300 on Wednesday, having recovered slightly the previous day.
Ethereum price trades above its daily level at $4,488, eyeing a potential rally toward record highs.
Ripple’s XRP finds support at $2.78 and rebounds, suggesting further upside momentum ahead.
Bitcoin (BTC) price stabilizes around $111,300 on Wednesday, following a slight recovery the previous day. Ethereum (ETH) and Ripple (XRP) are also showing early signs of relief after rebounding from their key support zones, hinting at further upside in the upcoming days.

Bitcoin stabilizes around the 100-day EMA
Bitcoin price found rejection from its previously broken trendline on Saturday and declined by more than 5% until Monday, closing below its 100-day Exponential Moving Average (EMA) at $110,841. However, BTC recovered slightly the next day and closed above the 100-day EMA. At the time of writing on Wednesday, it hovers at around $111,300.

If the 100-day EMA at $110,841 continues to hold as support, BTC could extend the recovery toward its next daily resistance at $116,000.

The Relative Strength Index (RSI) on the daily chart reads 41, which is below its neutral level of 50, still indicating bearish momentum. For the recovery rally to be sustained, the RSI must move above its neutral level.

However, if BTC continues its correction, it could extend the decline toward its next key support at $103,831, the 200-day EMA.

Ethereum shows early signs of recovery
Ethereum reached a new all-time high of $4,956 on Sunday but failed to maintain its upward momentum, declining 8.45% the next day. However, it recovered 5% on Tuesday, closing above its daily resistance at $4,488. At the time of writing on Wednesday, it hovers at around $4,580.

If ETH continues its recovery, it could extend the rally toward its record high of $4,956. The RSI on the daily chart reads 57, above its neutral level of 50, indicating bullish momentum.

On the other hand, if ETH faces a correction, it could extend the decline to retest its next daily support at $4,232.

XRP’s momentum indicators show fading bearish signs
XRP price corrected over 5% on Monday and closed below its 61.8% Fibonacci retracement level at $2.99. However, it recovered from Monday’s fall and closed above the $2.99 level the next day. At the time of writing on Wednesday, it hovers at around $2.99.

If XRP continues its recovery, it could extend the rally toward its next daily resistance at $3.40.

The RSI on the daily chart reads 48, nearing its neutral level of 50, indicating early signs of fading bearish momentum. Moreover, the MACD also showed decreasing red histogram bars, supporting the fading bearish momentum thesis.

However, if XRP faces a correction, it could extend the decline toward its key daily support at $2.72.

Ethereum Price Forecast: Standard Chartered sees ETH's pullback as good buying opportunity :
Ethereum and ETH-based DATs are still trading at cheap levels.
DATs and ETH ETFs have accumulated 4.9% of Ethereum's circulation since June.
ETH has to hold above a rising trendline to maintain a bullish structure.
Ethereum (ETH) is up 5% on Tuesday, following projections from a Standard Chartered analyst that its pullback after tagging a new all-time high presents a good buying opportunity.

ETH's pullback, a good "entry point" amid sustained demand from DATs and ETFs
Ethereum and ETH-focused digital asset treasury (DAT) companies are "cheap at today's levels," according to Geoffrey Kendrick, the global head of digital asset research at Standard Chartered.

In a Tuesday note, Kendrick stated that the recent pullback toward $4,500 is a "great entry point," reiterating that ETH could hit the $7,500 mark by year's end.

He highlighted how DATs have fueled ETH demand, acquiring 2.6% of its total circulation since June. When combined with a strong buying pressure from US spot ETH exchange-traded funds (ETFs), these entities have amassed 4.9% of ETH's circulating supply during the period. The strong demand aided ETH's push to a new all-time high of $4,955 on Sunday, Kendrick said.

"Although these inflows have been significant, the point is that they are just getting started," he added, restating his forecast that DATs could hold 10% of ETH's circulating supply, which is 121,009,455 ETH at the time of writing, per Ultrasound Money data. BitMine Immersion (BMNR) alone plans to acquire 5% of ETH's circulation.

Additionally, Kendrick shared how the net asset value multiples (mNAV) — a firm's market capitalization divided by the value of its crypto holdings — of ETH treasury companies BitMine and SharpLink Gaming have declined below that of their Bitcoin-based counterpart Strategy.

"Given that the ETH treasury companies are able to capture ETH's 3% staking yield, I see no reason for the NAV multiples to be below MSTR's multiple (which captures no such staking yield)," Kendrick wrote.

He added that SharpLink's announcement that it may conduct a share buyback if its mNAV falls below 1.0 creates a "hard floor" for its valuation.

Kendrick said in a note earlier in the month that the normalization of the mNAV of ETH treasuries above 1.0 makes them "very investable" and better buys than ETH ETFs.

However, the products have continued to attract inflows. Despite ETH's price correction over the past two days, US spot ETH ETFs pulled in $443.9 million on Monday, extending their net inflow streak to three consecutive trading days, worth over $1 billion.

Ethereum Price Forecast: ETH bullish play intact with price above $4,000
Ethereum has recovered the $4,500 mark on Tuesday, failing to sustain an extended move below the 14-day Exponential Moving Average (EMA).

ETH must hold the lower boundary of an ascending trendline, just above $4,000, and the 78.6% Fibonacci (Fib) retracement level to maintain a bullish structure. A decline below these levels could send its price toward $3,500.

On the upside, ETH has to maintain a firm close above $5,000 to validate another bullish pennant.

The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are slightly above their neutral levels, indicating a modest dominant bullish momentum.
$ETH

Bitcoin slightly rebounds after a flash drop to $108,666, reflecting weak sentiment in the broader crypto market.
Ethereum spot ETF inflows steady, buoyed by growing institutional demand.
XRP wobbles below $3.00 pivotal level as long position traders lick their wounds.
Bitcoin’s (BTC) technical structure continues to deteriorate, worsened by weak market sentiment. The largest cryptocurrency by market capitalization saw a flash drop to $108,666 during the Asian session on Tuesday before rebounding to exchange hands above $110,000 at the time of writing.

The majority of altcoins, including Ethereum (ETH) and Ripple (XRP), remain upside-heavy, reflecting risk-off sentiment in the broader cryptocurrency market.

Despite Federal Reserve (Fed) Chairman Jerome Powell’s comments that alluded to interest rate cuts in September, the crypto market lacks short-term price catalysts to sustain the uptrend.

Data spotlight: Ethereum spot ETF inflows steady
Demand for Ethereum spot Exchange Traded Funds (ETFs) is back on track following the resumption of inflows on Thursday. According to SoSoValue data, ETH spot ETFs operating in the United States (US) recorded their third consecutive day of inflows after marking $444 million on Monday. Combined, the ETFs boast $12.9 billion in cumulative total net inflows with net assets averaging at $28.8 billion.
Investors are also increasingly rotating their capital from Bitcoin to Ethereum. According to Arkham on-chain data, a whale recently sold 23,968 BTC on Hyperliquid to buy Ethereum. The whale is said to have once held 94,000 BTC around the peak of the 2017 bull run.
Bitcoin spot ETFs, on the other hand, have resumed inflows following six consecutive days of outflows. SoSoValue data shows the net inflow at $219 million on Monday, bringing the cumulative net inflow to $54 billion and the net assets near $144 billion. If institutional demand stabilizes in the coming days, Bitcoin price could gain bullish momentum for a recovery toward the $120,000 pivotal level.
As for XRP, interest in the token remains shaky, reflecting a 4% decrease in the derivatives market’s Open Interest (OI) to $7.8 billion over the past 24 hours. Liquidations have also been rising as the XRP price wobbles below the $3.00 critical level.

Over the past 24 hours, long position holders suffered nearly $16 million in liquidations compared to $1.8 million in shorts. This indicates that investors are risk-averse, with most preferring to reduce exposure until the crypto market stabilizes.

Chart of the day: Bitcoin faces technical setbacks
Bitcoin price is trading above $110,000, but what stands out is the loss of several key support levels, including the 50-day Exponential Moving Average (EMA) at $114,531 and the 100-day EMA at $110,803.

The Moving Average Convergence Divergence (MACD) indicator’s decline below the mean line, while maintaining a sell signal confirmed on August 17, backs the deteriorating technical structure. Traders will likely consider de-risking as long as the blue MACD line remains below the red signal line.

If bearish pressure accelerates and BTC extends the decline below the intraday low of $108,666, traders could shift focus to the 200-day EMA support at $103,740. In the short term, a correction to the $100,000 round-figure support level cannot be ruled out.

Altcoins update: Can Ethereum hit new record high as XRP consolidates?
Ethereum price is struggling to defy the widespread risk-off sentiment, trading above $4,400 at the time of writing. The largest smart contracts token has, since July 11, sustained a buy signal provided by the SuperTrend indicator, bolstering the bullish outlook. Ethereum also sits above the 50-day EMA at $3,881, implying bullish sentiment. Key areas of interest for traders are the new record high of around $4,955 set on Sunday and the support tested at $4,071 on August 19.

As for XRP, sellers appear to have the upper hand, with the price wobbling below the 50-day EMA at $2.94 and the pivotal $3.00 level. The MACD indicator affirms the bearish outlook, sliding below the zero line while upholding a sell signal.

The 100-day EMA at $2.75 is in line to provide support if the downtrend accelerates, particularly with the derivatives market posting a significant drop in Open Interest as highlighted above.

A key outcome investors would be looking forward to is the resumption of the uptrend above the 50-day EMA and the $3.00 resistance level - a move likely to strengthen the bullish grip.

Solana Price Analysis: Risks deepen as SOL retraces under $200 with bearish signals :
Solana retraced under the $200 mark, falling 9% on Monday, with bears targeting a five-month support trendline.
The net outflow marked the third-highest level of the year on Monday.
The liquidation map highlights a risk of $176 million in long liquidations.
Solana (SOL) edges higher by nearly 0.50% at press time on Tuesday, succeeding the 9.12% drop on Monday. The sudden fall in SOL is underpinned by massive net outflow, which is now flashing a risk of $176 million in long liquidations if the declining trend continues.

Rising liquidation risks a bearish spiral
CoinGlass data shows the Solana net outflow of $167.78 million on Monday as the collapsing spot price fueled liquidations and forced traders to withdraw tokens. The sharp increase in net outflow reached its third-highest level in 2025, following the July 23 and August 14 flash crashes.

If SOL's decline drops below $185, the liquidation map projects the possibility of $176 million in cumulative long liquidation leverage. Looking up, a $102 million cumulative short liquidations leverage is at risk if SOL reclaims the $190 mark.

Solana risks testing the 50-day EMA
Solana is currently holding at $188 at the time of writing, presenting a Doji-shaped candle on the daily chart. The sixth-largest cryptocurrency by market capitalization, SOL, with a value of $102 billion, is currently on a path of least resistance towards the 50-day Exponential Moving Average (EMA) at $179.

The momentum indicators display mixed, neutral-to-bearish signals on the daily chart. The Moving Average Convergence Divergence (MACD) approaches its signal line, teasing a potential crossover that will flash a sell signal as the trend reversal shifts bearish. Still, the recent short-lived crossovers reflect the uncertainty in the SOL price trend.

The Relative Strength Index (RSI) reads 51 on the daily chart, approaching the halfway line, which represents neutrality in the momentum. However, a drop below this level would indicate a sell-side dominance in the trading activity.

Looking up, Solana should surpass the July 22 high of $206 resistance level to target $232, aligning with the 78.6% Fibonacci retracement level drawn from the $295 high from January 19 to the $95 low from April 7.
$SOL

Tron price breaks below the ascending trendline, signalling a shift in market structure from bullish to bearish.
On-chain and derivatives data support a bearish picture as TRX’s Spot Taker CVD is in the red and funding rates flip negative.
The technical outlook suggests a correction ahead as momentum indicators show bearish bias.
Tron (TRX) price is flashing early signs of weakness, trading around $0.345 at the time of writing on Tuesday after breaking below its ascending trendline the previous day. This breakdown suggests a potential shift in market structure from bullish to bearish. On-chain and derivatives data also support a bearish outlook, coupled with weakening momentum indicators, which reinforces the likelihood of a further correction in the near term.

Tron’s on-chain and derivatives data hints at a correction
CryptoQuant’s Spot Taker CVD for TRX is negative, and its value has been steadily rising since mid-August. This metric measures the cumulative difference between market buy and sell volumes over three months. When the three-month CVD is positive, it suggests the Taker Buy Dominant Phase. A negative value, as it is currently happening, indicates the Taker Sell Dominant Phase.
Coinglass’s funding rate data for TRX also support the bearish thesis. The metric has flipped to a negative rate on Tuesday and reads 0.0026%, indicating that shorts are paying longs. This scenario often signifies bearish sentiment in the market, suggesting potential downward pressure on TRX.

Tron Price Forecast: TRX breaks below key support
Tron price faced rejection around its yearly high of $0.370 on Saturday and declined nearly 7% until Monday, closing below the ascending trendline (drawn by connecting multiple lows since June 22). At the time of writing, it hovers at around $0.345.

If TRX faces resistance around its daily level at $0.345 and continues its correction, it could extend the decline toward its 50-day Exponential Moving Average (EMA) at $0.330.

The Relative Strength Index (RSI) on the daily chart is hovering around its neutral level of 50, indicating indecisiveness among traders. For the bearish momentum to be sustained, the RSI must move below its neutral level. The Moving Average Convergence Divergence (MACD) showed a bearish crossover on Sunday, giving sell signals and suggesting a downward trend ahead.

However, if TRX recovers and closes above its daily resistance at $0.345 on a daily basis, it could extend the recovery toward its yearly high at $0.370.
$TRX