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Crypto Exchanges Almost Out of Bitcoin: VanEck's Matthew Sigel
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Crypto Exchanges Almost Out of Bitcoin: VanEck’s Matthew Sigel

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Bitcoin is on a bullish comeback move as the coin has gained 11.61% in the last seven days, as it inches closer to its all-time high (ATH) of $124,457. Amid this positive move, Matthew Sigel, VanEck’s head of Digital Asset Research, has dropped another bullish update.

Bitcoin self-custody moves tighten liquidity

According to Sigel, crypto exchanges appear to be experiencing declining reserves. In his post on X, Sigel stated that if the trend continues, at the start of business on Oct. 6, there might be a shortage of Bitcoin across the various exchanges.

He opined that it might be good thinking to acquire some Bitcoin before a shortage hits. However, a user immediately countered VanEck’s executive by noting that such a scarcity narrative has been making the rounds in the past four years.

Sigel’s reply is instructive as he insists that a scarcity was in play. “Well, I only got the calls from the exchanges today. I told them we aren’t selling,” he wrote.

Well I only got the calls from the exchanges today. I told them we aren’t selling 🤷‍♂️

— matthew sigel, recovering CFA (@matthew_sigel) October 4, 2025

This comment suggests that large holders and institutions like VanEck are being contacted to supply exchanges with Bitcoin. If this is true, it implies that there could be a supply shock with demand staying higher than supply.

It indicates that many Bitcoin holders have moved their coins off exchanges into self-custody, typically reducing liquidity. Such a scenario is a perfect condition to further drive Bitcoin prices higher.

As of this writing, Bitcoin is changing hands at $122,179.35, which represents a 1.52% increase in the last 24 hours. The flagship coin, which earlier hit an intraday peak of $123,944.70, is currently just 1.89% away from flipping its ATH.

The price surge has kept trading volume up by 1.12% at $73.51 billion within the same time frame. The uptick in activity suggests that the “Uptober” momentum is gaining ground.

Institutional bets signal new Bitcoin price peak

Worth mentioning is that the Bitcoin market looks ready to push the coin to a new ATH as investors have committed $45.3 billion in open interest on the asset. This extreme leverage move indicates that market participants are anticipating further highs from the leading cryptocurrency.

Meanwhile, Geoff Kendrick, Standard Chartered analyst, believes the coin has potential to hit $200,000 by the end of 2025. Kendrick drew a positive correlation between Bitcoin and U.S. Treasury term premiums, which are on the rise as a result of the government shutdown.





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Exchange Review August
Crypto Trends

Canton Network Activity Surges as Exchanges Join Validators: Copper Research

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Copper Research says usage of the Canton Network, a blockchain built for regulated finance, has quietly surged, with validator activity now including major U.S. exchanges alongside banks and infrastructure firms.

Just over a year after launch, Canton has reached a scale unmatched by prior institutional blockchains, thanks to backing from Goldman Sachs (GS), HSBC (HSBC)and Broadridge (BR), the crypto custody firm said in a Wednesday report.

The report noted that Broadridge alone processes more than $5.9 trillion monthly in tokenized U.S. Treasury repos on the network.

Exchanges including Binance U.S., Crypto.com and Gemini (GEMI) are also running validators, while Kraken has signaled a possible listing of Canton’s token. Though no exchange has confirmed plans, Copper said that such a listing would be unprecedented for a permissioned blockchain backed by major financial institutions.

Network activity is also accelerating. Canton recorded more than 500,000 daily transactions by September’s end, more than USDC and USDT transfers combined in the same period and approaching Ethereum’s volumes. Copper Research stressed that this activity is already driven by live institutional applications, not pilots.

According to the analysts, favorable regulation and Canton’s privacy-focused, interoperable design make it well-suited for shared institutional platforms.

Versana, backed by JPMorgan (JPM) and Wells Fargo (WFC), now has seven global banks sharing syndicated loan data, while Goldman Sachs’ DAP has supported tokenized bond issuances.

This institutional adoption is what sets Canton apart, the report added.

Read more: Chainlink Chosen by Privacy-Focused Blockchain Canton to Push Institutional Adoption



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Australia Drafts Law to License All Crypto Exchanges
Crypto Trends

Australia Drafts Law to License All Crypto Exchanges

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Australia is aiming to tighten regulations around crypto service providers, with draft legislation that would extend finance sector laws to crypto exchanges.

Assistant Treasurer Daniel Mulino told a crypto conference on Thursday that the legislation is “the cornerstone of our digital asset roadmap,” which the Albanese Government released in March.

“This is a preliminary version of the legislation, and we are seeking stakeholder feedback on its effectiveness and clarity before proceeding further,” he said.

Currently, crypto exchanges that simply facilitate trading assets like Bitcoin (BTC) need only register with the Australian Transaction Reports and Analysis Centre (AUSTRAC), which has 400 crypto exchanges registered on its books, many of which are inactive.

Draft law to make two new financial products

Mulino said the draft legislation would create two new financial products under the Corporations Act, a “digital asset platform” and a “tokenized custody platform.”

“This means digital asset platform and tokenized custody platform service providers will need to hold an Australian Financial Services License,” he said.

The license would register all exchanges with the Australian Securities and Investments Commission. Currently, only exchanges that sell “financial products,” such as derivatives, must register with the corporate regulator.

Daniel Mulino addressing the Global Digital Asset Regulatory Summit virtually on Thursday. Source: Digital Economy Council of Australia

Mulino added that the legislation has “targeted rules for key activities,” such as wrapped tokens, public token infrastructure, and staking.

Crypto platforms will also be subject to “a suite of obligations designed to accommodate the unique characteristics of digital assets,” Mulino said, including standards for holding crypto and settling transactions.

Related: ASIC eases licensing rules for stablecoin distributors in Australia

“Failures of digital asset businesses have highlighted the consumer risks, particularly where operators pull and hold client assets without consistent safeguards,” he added.

“This is about legitimizing the good actors and shutting out the bad. It is about giving businesses certainty and consumers confidence.”

Heavy penalties, but “low risk” platforms exempt

Breaches of the law are set to carry penalties of up to 16.5 million Australian dollars ($10.8 million), three times the benefit obtained or 10% of annual turnover — whichever is greater — according to a Treasury press release.

Platforms dubbed as “smaller, low-risk,” which hold less than 5,000 Australian dollars ($3,300) per customer and facilitate less than 10 million Australian dollars ($6.6 million) a year, will be exempt from the rules.

The Treasury said the exemption is consistent with the approach to financial products such as non-cash payment facilities, adding the legislation doesn’t look to impose new rules on crypto issuers or those that create or use crypto for non-financial purposes.

Magazine: The one thing these 6 global crypto hubs all have in common… 



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Shiba Inu price to jump
NFT Gaming

Shiba Inu nears breakout, 5 trillion tokens leave exchanges

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Shiba Inu has remained in a consolidation phase over the past few weeks, despite the ongoing altcoin season. Still, the slowly forming triangle pattern and the tumbling exchange balances point to a big move ahead.

Summary

  • Shiba Inu’s sideways trading may be masking a bigger shift underway.
  • With more than 5 trillion SHIB pulled from centralized exchanges in recent weeks and a surge in smart money accumulation, signals are pointing to reduced selling pressure and growing confidence among long-term holders.
  • Coupled with technical patterns that suggest a breakout is near, the meme token could be on the verge of a rally despite recent setbacks like the Shibarium hack—making current price action a potential setup for SHIB’s next leg higher.

Shiba Inu (SHIB) token was trading at $0.000013 on Sunday, Sep. 21, inside a narrow range it has remained at in the past few days. This price is about 28% above the lowest level this year.

A potential catalyst for the SHIB price is that investors continue moving their tokens from centralized exchanges. Precisely, over 5 trillion tokens have left exchanges to the current 283 trillion. 

Shiba Inu coins exchange reserves | Source: Nansen

Falling tokens on exchanges is a bullish sign that there is reduced selling pressure. Historically, large exchange outflows precede price rallies, as it suggests that holders are not looking to sell them in the short-term. 

Similarly, moving tokens to cold storage or self-custody wallets is a sign that investors plan to hold them in the long term. It is a reflection of confidence in the asset’s future.

The ongoing exchange exit of Shiba Inu tokens has coincided with the robust accumulation by investors. These investors now hold over 12.15 billion tokens, a 103% monthly increase. 

Their buying is likely a sign that these investors anticipate a rebound and a limited impact of the recent Shibarium hack. It is also a contrarian bet that the coin will take part in the altcoin season.

Shiba Inu price technical analysis

SHIB price chart | Source: crypto.news

The daily timeframe chart shows that the SHIB price remained in a tight range in the past few days. It was trading at $0.000013, which is along the 50-day Exponential Moving Average. 

The token has formed a symmetrical triangle pattern whose two lines are nearing their confluence level. Also, the two lines of the MACD indicator have settled at the neutral level, while the Average True Range has retreated.

Therefore, the token will likely have a bullish breakout in the near term, with the next important resistance being at $0.0001592, which is about 25% above the current level. A move below the lower side of the triangle pattern will invalidate the bullish Shiba Inu price forecast. 



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54,000,000,000 Shiba Inu (SHIB) in 24 Hours: Massive Bullish Signal on Exchanges
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54,000,000,000 Shiba Inu (SHIB) in 24 Hours: Massive Bullish Signal on Exchanges

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  • Exchanges stay volatile
  • SHIB market performance

The data behind Shiba Inu’s recent surge in exchange activity — nearly 54 billion tokens moved in a single day — could be the last bullish signal left for the asset. On-chain metrics reveal a significant drop in exchange reserves, which have dropped by 0.05% to 85 trillion SHIB, while netflow is negative at -43 trillion. Because more tokens are leaving exchanges than entering, there is less pressure on the open market to sell.

Exchanges stay volatile

Generally speaking, these outflow periods correspond with lower downside volatility and, more significantly, accumulation stages that come before rallies. In addition, the number of transactions increased by almost 1% in a 24-hour period, and the number of active addresses increased by 0.93%, indicating that network activity is increasing.

Source: CryptoQuant

This is important because SHIB has been stagnating for the past few weeks, forming a big symmetrical triangle pattern. At this point, rising activity indicates that traders are getting ready for a bigger move.

SHIB market performance

SHIB is still confined, technically speaking, between the rising support trendline below and its 200-day EMA above. The recent loss of $0.000013 reduced short-term bullish momentum, but strong buyer defense was demonstrated by the bounce from the $0.0000128 zone. SHIB might generate enough demand to confront the $0.000014 resistance zone, which also coincides with the descending trendline, if the negative exchange netflows continue.

SHIB might move toward $0.000016-$0.000017 if there is a breakout there. The downside risk, on the other hand, consists of a decline back toward $0.0000117 and possibly adding another zero if selling pressure suddenly increases and volumes decline, and SHIB loses support at $0.0000125. However, for the time being, the combination of increasing activity, decreasing exchange supply and improving network metrics raises the possibility that investors are subtly setting up for an upside breakout.

Since SHIB is at a pivotal point, it will probably be decided in the coming sessions whether or not this accumulation actually leads to a rally.



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$1B Sell-Off Sends Jucoin Exchange’s Ju Token Down 70%
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$1B Sell-Off Sends JuCoin Exchange’s JU Token Down 70%

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JuCoin’s token JU has suffered a dramatic collapse, plunging more than 70% within hours on Tuesday evening. The token, which had recently touched a high of $23.86, dropped to $7.66 around 4:45 PM. By late night, JU was trading at $7.08, wiping out billions in value in one of its steepest single-day falls.

JuCoin moved quickly to reassure users, saying that its operations remain unaffected and that all funds are secure. The exchange added that trading and other business functions are running normally.

Ju is currently priced at $7.08, crashing down 71%, with a market cap of $144.31 million and 24-hour trading volume valued at $1.07 billion, down by 20.63%.

Regulatory Scrutiny Adds Pressure

The sharp decline came just days after blockchain investigator ZachXBT flagged JuCoin as a “sketchy” sponsor of the upcoming Token2049 conference. He pointed to the exchange’s history of shifting regulatory compliance and anonymous trading practices. Earlier this year, JU also faced questions after allegations involving its trading partner.

The warnings have fueled fears of stricter oversight, with some drawing parallels to scandals like JPEX, where regulatory troubles sent its token’s value crashing.

Investor Confidence Shaken

Even JuCoin’s announcement in July of a $100 million expansion program for its blockchain has done little to restore faith. 

Investors are still uneasy about JuCoin’s lack of transparency. The project hasn’t released proper audits, its team is mostly anonymous, and a significant portion of its trading occurs on smaller exchanges that lack strong oversight.

As these concerns grew, many investors decided to pull out. JU saw more than $1 billion worth of trades in a single day, showing just how quickly panic set in and how uncertain the outlook has become.

Volatility Adds to the Worry

Experts have also flagged JU’s unusually high trading activity compared to well-established coins like Bitcoin. Such erratic movement has fueled talk of possible manipulation and added to the belief that JU’s market is far from stable.

The Road Ahead

Attention now turns to whether JU can hold above its yearly low of $6.03. Some traders may look for a short-term bounce after the steep fall, but overall sentiment remains weak. Any move from regulators in Singapore or South Korea could decide the token’s fate.

For JuCoin, the immediate task is to rebuild trust. With more than 70% of its value erased in a single day, investors are left wondering whether JU can stage a recovery — or if this is the start of a deeper crisis.

Also Read: KindlyMD Stock Crashes 55% After CEO Warns of Volatility



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Pepe Coin price rises as 1.1 trillion leaves exchanges suddenly
NFT Gaming

Pepe Coin price rises as 1.1 trillion leaves exchanges suddenly

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Pepe Coin rallies on the heels of a massive supply drop, which helped propel the token to a one-month high as trading volume and exchange outflows skyrocket.

Summary

  • Pepe price continued its strong rally on Saturday.
  • Over 1.1 trillion tokens have left exchanges in the past two days.
  • Pepe’s futures open interest has jumped to July highs.

Pepe (PEPE) saw a seven-day rally, reaching a one-month high as futures open interest surged and exchange outflows increased.

The token hit $0.00001200 on Sep. 13, with trading volume topping $1.34 billion—surpassing Shiba Inu’s (SHIB) $406 million and Pudgy Penguins’ (PENGU) $592 million. This price jump coincided with a 1.1 trillion token drop in exchange supply, now at 255.9 trillion, down from 257 trillion on Sept. 11.

Source: CoinGecko

A drop in exchange reserves suggests more confidence among investors as they move them into self-custody. It also signals that they are not selling their coins. 

Derivatives data indicate increased Pepe demand, as the futures open interest continues to rise. It has jumped to over $765 million, the highest point since July this year. It started growing on Sept. 5 when it bottomed at $500 million. 

Futures open interest | Source: CoinGlass

Pepe Coin price technical analysis

Pepe price chart | Source: crypto.news

The daily chart shows that the Pepe price jumped from a low of $0.0000091 earlier this month to $0.00001200 today. This rebound happened after the token formed a falling wedge pattern, which is made up of two descending and converging trendlines.

Pepe Coin’s Relative Strength Index has continued rising, reaching a high of 65, its highest point since July 22. The two lines of the Percentage Price Oscillator have formed a bullish crossover. 

Therefore, the most likely Pepe forecast is bullish, with the next target being at $0.00001475, up by 22% from the current level. This target is its highest point in July. A drop below the ascending trendline that connects the lowest swings since March will cancel the bullish outlook.

Charlie Kirk connection

Pepe’s mascot, dubbed “Pepe the Frog,” also received attention this past week after reports circulated that conservative activist Charlie Kirk was killed by an individual who was allegedly associated with the so-called Groyper movement.

The Groyper movement is a far-right group led by alt-right activist Nick Fuentes, and their mascot is a variant of the Pepe meme. Before the killing, Groypers had for years disrupted Kirk’s events, accusing him of not being extreme enough. 

Fuentes has denied the connection.



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AI in crypto trading: How exchanges redefine digital assets
NFT Gaming

How exchanges redefine digital assets

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Crypto exchanges are integrating AI assistants that let traders interpret signals, manage risk and handle volatile markets, pointing to a new era in digital asset trading.

Summary

  • Crypto exchanges are introducing AI assistants to simplify trading, offering real-time insights and strategy comparisons without overpromising profits.
  • BingX has taken the lead with tools like AI Bingo for portfolio guidance and AI Master for strategy-driven decision support.
  • While AI brings clearer insights and accessibility, challenges remain around decentralization, accountability, and technical integration with blockchain systems.

Volatility has always been part of the financial story. Sudden swings can push even seasoned investors to adapt, while newcomers face a demanding but rewarding learning curve. These pressures, as well as the opportunities, are amplified in the crypto space. The market’s intimidating speed also makes room for new ideas and more intelligent solutions.

Artificial intelligence (AI) is starting to ease some of that strain. What began as a side experiment is now moving into the center of trading platforms, where it can sift through torrents of data, turning them into practical guidance.

By spotting early signs of turbulence and translating complex models into plain language, AI makes crypto trading less intimidating. That promise has prompted exchanges to roll out AI assistants, tools designed to stabilize first-time traders and give veterans a sharper edge in fast-moving markets.

Early experiments in AI-powered crypto trading

A handful of exchanges are already testing AI. For years, most efforts remained behind the scenes, limited to trial dashboards or experimental risk models. That changed when BingX, an exchange with more than 20 million users, announced a $300 million plan to bring AI into nearly every corner of its platform over the next three years.

Within days, it rolled out a live assistant (BingX AI Bingo) that could check portfolios, explain market shifts in everyday language and respond to traders’ questions in real time, a notable contrast to rivals still keeping AI pilots under closed tests.

BingX is not alone. Other exchanges and DeFi projects are also experimenting with AI-driven risk models. According to the platform, millions tried the assistant within weeks, evidence of strong demand for tools that cut through the complexity of crypto.

How AI assistants are changing the trading experience

The first generation of assistants wasn’t built to promise profits; they were designed to give traders fewer blind spots. Instead of having to enter data by hand or deal with charts, traders could ask direct questions such as why a trade failed, how to change a position or what the latest sentiment looked like. The assistant replied in straightforward language, more like speaking with a financial advisor than using complicated software.

Over time, these systems grew more capable. By combining feedback from experienced traders with backtested models, BingX introduced features focused on strategies. Users could evaluate risks, compare strategies and still choose how to proceed. Transparency was built in, with the tool showing past performance and risks instead of hiding behind black-box predictions.

These systems are now starting to move beyond simple Q&A support toward strategy-driven tools. The next phase is about giving traders insights for decision-making. BingX is among the exchanges exploring this shift with BingX AI Master, a tool that applies professional insights and backtested models to help users compare strategies and manage risk. The aim is to let users compare strategies, understand risks and refine their approach.

The overall shift is that AI is advancing from general market sentiment-driven comments to personalized insights tailored to specific strategies and risk tolerances. For newcomers, it offers a clearer way into an otherwise daunting market. For seasoned derivatives investors, it takes over repetitive monitoring and sharpens risk assessments.

Taken together, BingX’s AI suite spans different layers. The BingX AI Bingo assistant provides real-time market interpretation and portfolio guidance, gamifying engagement and helping users interact with data more intuitively. BingX AI Master is a strategy-driven tool built on professional insights, extensive backtesting, and seamless execution. This progression demonstrates how the company is positioning AI not as a side feature, but as a central part of the trading journey.

Challenges of AI integration in crypto

The push to integrate AI into trading platforms hasn’t resolved the bigger headaches of bringing the technology into decentralized markets. Training AI models still relies on centralized computing, a setup at odds with web3’s commitment to decentralization. That contradiction has fueled debate in the crypto world over whether AI can ever find a natural place in a system built to eliminate single points of failure.

Accountability is another sticking point. If an AI-generated suggestion influences a trade that ends badly, does the blame fall on the exchange that offered the tool, the developers who built it or the trader who clicked “confirm”? Clear answers have yet to emerge, not only for the crypto industry but also for other industries implementing AI-focused technology.

There are technical hurdles as well. To turn AI’s off-chain analysis into actions that can run on the blockchain, exchanges need reliable bridges, middleware and oracle systems that can pass information back and forth without breaking trust. Without strong standards for those systems, traders may hesitate to trust the results. For now, AI doesn’t eliminate the risks in crypto; instead, it pushes the industry to face them sooner and more directly.

BingX has been placing its AI program at the heart of how the platform is adapting. The company first introduced an assistant to make portfolio checks and market insights easier, and has since expanded the effort with BingX AI Master, a strategy-focused tool that combines strategies tested by seasoned investors with data from extensive backtesting.

Aiming to give traders more than just numbers, BingX AI Master lets traders put strategies side by side, highlight key risks and track performance more clearly. From newcomers to professionals, it serves as a practical guide for making informed choices.

One thing is clear, AI is shifting from novelty to expectation. Traders now want tools that not only display raw data but also interpret it in real time. As AI finds its way deeper into crypto, the line between novice and veteran could start to blur. Assistants built into platforms lower the barrier for newcomers while easing the data load for professionals. The future of crypto markets is unlikely to be written by humans or machines alone but by their collaboration.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Kristin Johnson Warns of Retail Risk, Regulatory Gaps in Prediction Markets
Crypto Trends

Offshore Crypto Exchange’s Won’t Use FBOT Framework To Do Business in US

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The recent Commodity Futures Trading Commission (CFTC) advisory on offshore exchanges serving US residents under the Foreign Board of Trade (FBOT) framework won’t bring offshore crypto exchanges back to the US, according to Eli Cohen, general counsel at real-world asset (RWA) tokenization company Centrifuge.

Cohen told Cointelegraph that settlement, clearing, and other regulatory requirements designed for the traditional financial system, required to serve US clients under the FBOT framework, are not tailored for crypto exchanges and will be difficult or impossible to fulfill. 

The CFTC’s guidance also stipulated that only Licensed Futures Commission (FCM) exchanges, which are broker-dealers for futures contracts, and other highly regulated entities, are qualified to apply under the FBOT framework, Cohen said. He added:

“The main problem is that only regulated exchanges outside the United States can apply for the FBOT. So, you need to have an existing regulatory framework in your home country.” CFTC staff guidance outlining qualifying criteria to register under the FBOT framework and serve US residents. Source: CFTC

Many exchanges choose to set up businesses in Seychelles or other unregulated jurisdictions to avoid such a framework in the first place, Cohen added.

The best way to provide clarity for crypto exchanges is to pass a crypto market structure bill in Congress, codifying crypto regulations into law, and creating lasting change that does not shift from administration to administration, Cohen said.

Related: ‘Too few guardrails,’ CFTC’s Johnson warns on prediction market risks

CFTC’s “crypto sprint” promises clarity on regulations and an overhaul of the financial system

The CFTC’s “crypto sprint” is an initiative to overhaul crypto regulations to fulfill US president Donald Trump’s agenda of making the US the global leader in crypto.

Several policy recommendations were proposed in the Trump administration’s crypto report, which was published in July, including giving the Securities and Exchange Commission (SEC) and the CFTC joint oversight over crypto.

Both regulatory agencies have proposed several collaborative policy efforts, including the potential for financial markets to become perpetual, creating a 24/7 trading cycle across asset classes.

The proposed change would be a significant departure from legacy financial markets, which currently do not operate on nights or weekends and close during certain holidays.

Magazine: Coinbase and Base: Is crypto just becoming traditional finance 2.0?



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Gold ether coins in a small pile, symbolizing ETH investment
NFT Gaming

Stellar Upgrade Triggers Trading Pauses on Major Exchanges, XLM Faces Resistance

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South Korean crypto exchange Upbit temporarily suspended trading in Stellar’s XLM token on Tuesday, a precautionary move as the Stellar network readies for its Protocol 23 upgrade.

The scheduled modernization, set for Sept. 3, is expected to enhance scalability and accelerate transaction speeds, prompting several exchanges to adopt stability measures during the transition.

XLM traded in a narrow band between $0.36 and $0.37 in the 24 hours leading up to the upgrade, with volume spikes coinciding with tests of resistance at the upper end of that range.

Despite multiple attempts to break through $0.37, selling pressure kept prices capped, while strong support formed at $0.36. Analysts suggest this consolidation reflects institutional accumulation, with market participants watching closely for a decisive breakout.

The final hour of trading before the suspension saw heightened volatility, with XLM briefly touching $0.37 before slipping back to $0.36. The price action underscores the network’s importance in cross-border payments and the growing institutional focus on digital asset infrastructure.

Broader momentum is also being fueled by rising interest in central bank digital currencies (CBDCs) and enterprise blockchain adoption, including partnerships involving Hedera.

With Stellar’s Protocol 23 upgrade underway, traders are eyeing two critical levels: the $0.45 resistance, which XLM has failed to clear on four separate occasions since June, and the $0.30–$0.32 support zone, seen as a potential accumulation area. Market observers say the outcome of the upgrade could dictate whether Stellar finally breaks through its ceiling or retreats to rebuild support at lower levels.

XLM/USD (TradingView)

Principal Technical Indicators
  • Price Parameters: XLM traded within a $0.36-$0.37 corridor during the 24-hour period with 3% aggregate volatility.
  • Volume Assessment: Peak trading activity of 28.91 million during resistance examination at the $0.37 threshold.
  • Support/Resistance Dynamics: Robust resistance established at $0.37 with support maintaining integrity around $0.36.
  • Breakout Configurations: Multiple unsuccessful attempts to sustain valuations above the $0.37 resistance threshold.
  • Institutional Participation: Volume surges coinciding with key technical levels suggest accumulation patterns amongst sophisticated market participants.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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