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Polygon price slowly forms a bullish pattern as stablecoin growth surges
NFT Gaming

Polygon price slowly forms a bullish pattern as stablecoin growth surges

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Polygon price continued its downward trend on Monday, June 23, dropping to its lowest level since April 9.

Polygon (POL) plunged to a low of $0.1732, mirroring the broader sell-off in altcoins. The token is now down more than 77% from its December 2023 high.

The sell-off in Polygon comes amid a broader crypto market downturn and the network’s declining market share to rising competitors like Base and Arbitrum. For instance, decentralized exchanges on Polygon processed $3.82 billion in transactions over the last 30 days.

By comparison, Coinbase’s Base chain handled over $29 billion during the same period, while Arbitrum recorded $18.9 billion. Newer layer-1 blockchains such as Hyperliquid and Sui have also overtaken Polygon in terms of DEX volume.

On a more positive note, Polygon has shown strong growth in the booming stablecoin sector. Its stablecoin supply has jumped 10% over the last 30 days to more than $2.3 billion.

Supporting this, the number of stablecoin transactions on Polygon jumped 44% to 81.1 million during the same period. The adjusted transaction volume surged 35% to $52 billion, positioning Polygon as one of the leading chains in stablecoin activity.

Most of this activity has come via Binance, followed by Polymarket, the popular prediction market platform.

Polygon price technical analysis

POL price chart | Source: crypto.news

The daily chart shows that POL bottomed at $0.1500 in April and rebounded to a high of $0.2754 on May 11. Since then, the price has retreated and broken below the 50-day moving average.

Polygon is now approaching a critical support level at $0.1500, suggesting it may be forming a double-bottom pattern, a common bullish reversal signal.

If the price holds above this level and begins to bounce, the next upside target would be the neckline around $0.2757. However, a decisive drop below $0.1500 would invalidate the bullish setup and potentially trigger further downside.



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Shiba Inu price at risk of deeper dive as whales capitulate
NFT Gaming

Shiba Inu price crashes as it slowly forms a bullish pattern

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Shiba Inu price continued its strong downtrend on Sunday, June 22, as the crypto market crashed after the U.S.-Iran bombing. 

Shiba Inu (SHIB) token plunged to a low of $0.000011, down by 38% from the highest point in May. This retreat has brought its market capitalization from $19 billion in November last year to $6.4 billion. 

SHIB’s plunge coincided with the crypto market crash as investors reacted to President Donald Trump’s order to U.S. military to bomb nuclear sites in Iran. This strike presents major regional risks that may disturb all markets and asset classes, including cryptocurrencies. 

SHIB has also plunged as whales and retail investors capitulated and dumped their tokens. Whale holdings have plunged by over 80% in the last 30 days to 34 trillion, while smart money holdings have dropped by 33% to 13.1 billion. 

More data shows that Shiba Inu’s futures open interest has plunged to $122 million, the lowest level since May. It has dropped from nearly $300 million in May this year. 

Shiba Inu price is forming a bullish pattern

SHIB price chart | Source: crypto.news

The daily chart shows that the SHIB price has plunged from $0.00001765 in May to $0.000011 today. It has moved below all moving averages, indicating that bears remain in control.

The Shiba Inu price has moved to the extreme oversold level of the Murrey Math Lines tool. Similarly, the Relative Strength Index has moved to the oversold level of 30. Other oscillators, like the Stochastic Oscillator and the MACD, have also pointed downwards, a sign that the downtrend may continue.

On the positive side, SHIB price is slowly forming a double-bottom pattern at $0.00001030. A double-bottom happens when an asset forms two distinct support levels and a neckline at $0.00001765. 

Therefore, Shiba Inu’s outlook is bullish as long as it remains above the double-bottom point at $0.00001030. If this works, the token will likely rebound to the neckline, about 62% above the current level.

A drop below the support at $0.00001030 will invalidate the bullish Shiba Inu forecast and point to more downside, potentially to the psychological point at $0.0000080.



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Shaurya Malwa
NFT Gaming

Ripple Rebounds From Intraday Lows, Forms Bullish Pattern Above Key Support

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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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Pi Network price eyes strong rebound as rare pattern forms
GameFi Guides

Pi Network price eyes strong rebound as rare pattern forms

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Pi Coin’s steep decline since May reflects waning hype and thinning liquidity following its mainnet launch, but technical patterns and upcoming events suggest a potential reversal.

As volatility dries up and the price consolidates within a classic bullish wedge formation, momentum may return ahead of Pi Day 2 on June 28 and ongoing domain auction excitement.

While risks remain, the stage is quietly being set for a possible rebound driven by both chart signals and fresh ecosystem developments.

Technicals point to a Pi Network price comeback

Yes, Pi Coin (PI) crashed into a deep bear market after plunging by over 60% from its highest point in May. It dropped to $0.5370 on Saturday, June 21, with its 24-hour volume falling to $74 million from a peak of $3 billion after its mainnet launch in February. 

The eight-hour chart shows that the Pi Coin price jumped to a high of $1.6675 in May. This surge happened as investors waited for the promised ecosystem news during the Consensus event in Toronto. 

It then plunged after the developers launched Pi Network Ventures, a $100 million fund to invest in startups. 

The chart shows that the MACD indicator has continued falling, a sign that it is not volatile. Similarly, the three lines of the Donchian Channels have narrowed, also a sign that they are not volatile. 

A period of low volatility is often a sign of accumulation among investors, which results in a bullish breakout. 

Pi Network price has formed a falling wedge pattern, consisting of two descending and converging trendlines. A falling wedge is often a highly bullish reversal sign. 

The two lines of this wedge have narrowed, meaning that the coin may have a strong bullish breakout in the next few weeks. If this happens, the next potential target to watch will be $1, which is about 85% above the current level.

The bullish Pi Coin price forecast will be invalidated if it drops below the key support at $0.3940, its lowest point this month. 

Pi Network price chart | Source: crypto.news

Pi Day 2 could be a catalyst

Pi Network has some potential catalysts that may push it higher in the longer term. For example, it could gain traction ahead of Pi Day 2 celebration on June 28. 

Also known as Tau Day, it is an alternative to the main Pi Day on March 14. This commemoration will happen on the same day that the .pi domain auction ends. Pi Domains had over 123,000 active bids and over 3 million bids during the auction.

Another potential catalyst for Pi price is the ongoing ecosystem growth. In a note, the developers cited several applications that have launched on the network, including FruityPi, a fruit-matching game. Pi Network may also rebound as the odds of Federal Reserve cuts rise.

In a statement on Friday, Christopher Waller, a Fed Governor, said that the bank may cut rates as early as July, which may benefit Bitcoin and other coins.



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Litecoin price forms bullish flag as LTC ETF odds jumps
Crypto Trends

Litecoin price forms bullish flag as LTC ETF odds jumps

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Litecoin has pulled back in the past month, erasing its gains after bottoming in April.

Litecoin (LTC) was trading at $85.98 on Sunday, down by almost 20% from its highest point in May. This pullback has mirrored that of other altcoins like Cardano (ADA) and Chainlink (LINK). 

Litecoin has pulled back despite data showing that the odds of the Securities and Exchange Commission approving a LTC ETF have jumped to 76%.

The probability that the agency will approve the ETF is high because it is a proof-of-work cryptocurrency like Bitcoin (BTC). Its main difference from Bitcoin is its supply limit of 84 million coins, compared to Bitcoin’s 21 million. 

Therefore, since the SEC has already approved Bitcoin ETFs, there is a good chance it will do the same for Litecoin. An LTC ETF approval would be good for the coin since it would likely lead to more inflows from American investors. 

Another potential catalyst for LTC price is that whales have continued accumulating it. Santiment data shows that the accounts holding between 100,000 and 1 million tokens have increased their holdings from 25.8 million on April 15 to 27.8 million today. 

Further data shows that Litecoin’s social dominance has pointed upwards in the past few days, a sign that it is attracting attention from social media users. It rose to 0.734% from 0.512%.

LTC whales and social dominance | Source: Santiment

Litecoin price technical analysis

LTC price chart | Source: crypto.news

The daily chart shows that the LTC price dropped to $63.30 in April and then bounced back to $106.72 as the crypto market rally happened. 

Recently, however, it has pulled back and moved below the 50-day and 200-day Exponential Moving Averages. Falling below that level is a sign that bears have prevailed.

Litecoin price has formed a bullish flag chart pattern, a popular continuation sign. This pattern comprises of a vertical line, which in this case starts at $63.29 and ends at $106.72. It is now forming the flag section in the form of a descending channel.

Therefore, Litecoin price will likely rebound, and initially target the resistance at $106.7, which is up by 25% from the current level. A climb above that resistance will point to more gains, potentially to $140, the highest swing in January and February this year.



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XRP 'Death Cross' Forms on Hourly Chart, But Price Defies Odds
Crypto Trends

XRP ‘Death Cross’ Forms on Hourly Chart, But Price Defies Odds

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XRP, the fourth-largest cryptocurrency, surprised traders early Friday with a classic technical signal — a death cross appearing on its hourly chart — but the price defied the odds.

A death cross occurs when a short-term moving average, typically the daily SMA 50, crosses below a long-term one (the daily SMA 200), indicating potential bearish pressure. The death cross coincides with a sell-off spurred by fresh uncertainty on global markets, sending major cryptocurrencies tumbling and wiping out nearly $1 billion in leveraged bets.

XRP/USD Hourly Chart, Courtesy: TradingView

After four days of rising since May 31, XRP saw profit-taking after reaching highs of $2.28 on June 3 and concluded the Wednesday and Thursday trading sessions in the red.

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The drop reached $2.06 in the Thursday session, and instead of continuing lower, XRP changed course, catching bears off guard and staging a rebound. XRP has marked seven out of the last eight hours in green.

Bulls defending key levels

Although XRP was trading slightly lower at press time, down 0.67% in the last 24 hours to $2.18, it has largely recouped daily losses (it reached intraday lows of $2.08 in the early Friday session). XRP has also recovered weekly losses, rising 0.02% over the last seven days.

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The bounce suggests that bullish traders are still actively defending key support levels. While the hourly death cross may suggest caution in the short term, the swift rebound shows bulls are still in the picture.

The rebound corresponds with a 73.9% increase in trade volumes in the last 24 hours, reaching $3.5 billion, according to CoinMarketCap data.

Market observers are now focused on XRP’s ability to hold above its recovery levels and break higher. A decisive break above the hourly moving averages of 50 and 200 at $2.17 and $2.19 will be watched in the short term for XRP to advance its upward move.



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Hyperliquid coin forms bullish pennant as momentum builds: is a breakout imminent?
NFT Gaming

Hyperliquid coin forms bullish pennant as momentum builds: is a breakout imminent?

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Hyperliquid coin is showing strong signs of bullish continuation after reclaiming key levels. A pennant formation on the daily chart may signal the next leg higher, if volume confirms the breakout.

After a sustained uptrend marked by higher highs and higher lows, Hyperliquid (Hype) has entered a period of consolidation. This pause in momentum is forming a textbook bullish pennant, a pattern often associated with trend continuation. Technical confluence and reclaimed levels now position Hyperliquid for a potential breakout in the sessions ahead.

Key technical points

  • Pennant Formation on Daily Timeframe: Consolidation with converging trendlines suggests a coiling market preparing for a breakout.
  • Reclaim of Volume Profile Levels: Price has reclaimed the value area low, point of control, and now trades above the value area high.
  • Bullish Market Structure: A consistent sequence of higher highs and higher lows confirms the prevailing trend remains intact.

HypeUSDT (1W) Chart, Source: TradingView

As price consolidates within the pennant structure, Hyperliquid is trading tightly between dynamic support and resistance lines, forming an apex. This coiling action is a common sign of price compression and typically precedes a breakout. The context in which this pennant is forming, within a dominant bullish trend, adds strength to its breakout potential.

The reclaim of major volume profile levels provides further insight into recent accumulation zones. Price moving above the point of control and reclaiming the value area high signals strong buyer interest and market acceptance at higher levels.

Importantly, Hyperliquid has maintained its bullish trend throughout the consolidation. Each pullback has been shallow, and no major support has been broken. This confirms the move is corrective in nature, rather than a reversal. However, one key factor is still missing: volume.

For any breakout to be considered valid and sustainable, it must be accompanied by a surge in volume. Without this confirmation, price may continue to drift within the pennant or produce a false breakout.

What to expect in the coming price action

If Hyperliquid sees a strong breakout above the pennant resistance with a noticeable increase in volume, the bullish trend is likely to resume with momentum. Traders should monitor volume closely near the apex to confirm breakout strength and validate continuation toward new highs.



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XRP Risks Losing 28% Versus Bitcoin After Double Death Cross Forms
Crypto Trends

XRP Risks Losing 28% Versus Bitcoin After Double Death Cross Forms

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XRP is starting to slip again versus Bitcoin, with a rare double death cross now confirmed on the daily XRP/BTC chart. Both the 23-day and 50-day moving averages have crossed below the 200-day average. Usually, when that happens, it’s a sign that things are going to change in the long run.

With both shorter-term averages now trending beneath the long-term line, a full bearish flip in the structure has been confirmed. Price action has already begun to reflect this shift: XRP continues to slide, with each rebound failing to regain lost ground.

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This situation is not an unprecedented one. Back in late 2024, the same pattern played out, and XRP fell 21% against BTC in the following weeks. Based on the current chart, the next likely target is around 0.0000155 BTC, which is about 28% below current levels.

Source: TradingView

That zone lines up with a prior demand area from November’s breakout move and may offer the next real support.

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What makes this situation more concerning is Bitcoin’s strength. Unlike last time, BTC is not consolidating; it’s holding up and slowly pushing higher. This puts extra pressure on altcoins, and XRP is clearly falling behind. With BTC dominance climbing, it’s getting harder for alts to find relief.

The trend looks set to grind lower unless XRP can quickly flip the short- and midterm averages back to the upside. A death cross alone doesn’t move the price, but in this environment, it adds weight to an already negative chart.



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Ethereum-based game Ember Sword shuts down due to lack of funding
NFT Gaming

Ethereum forms bullish setup, Polymarket traders eye $4,000

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Ethereum price rally has stalled in the past 15 days, but Polymarket traders and technicals point to more upside in the coming weeks. 

Ethereum (ETH) traded at $2,550 on Saturday, a few points below this month’s high of $2,735. It has jumped 85% from its lowest level this year. 

Most Polymarket traders believe that ETH price will jump to $4,000 in 2025. A poll shows that the odds of this happening have risen to 40% from last month’s low of 16%. These odds are at their highest level since March 1. Moving to $4,000 would imply a 60% surge from the current level.

Polymarket places the odds of Ethereum price hitting $5,000 at 25% and $6,000 at 17%. On the other hand, the odds that it will crash to $1,000 have fallen to 16%.

There are signs that Ethereum’s fundamentals have improved in the past few weeks. For example, Nansen data shows that the number of transactions on the network has grown by 35% in the last 30 days to 39 million. Active addresses have increased by 0.4% to 6.7 million.

Additionally, spot Ethereum ETFs have started attracting inflows. This week, they added over $238 million in assets, bringing the cumulative total to $2.76 billion. BlackRock’s ETHA has $3.4 billion in assets, while Grayscale’s ETHE and ETH have $2.9 billion and $1.28 billion, respectively. 

Ethereum price technical analysis

ETH price chart | Source: crypto.news

Technicals point to more ETH price gains in the coming months. It formed a golden cross as the 50-day and 200-day Arnaud Legoux Moving Averages crossed each other earlier this month. 

Ethereum is also forming a bullish flag pattern on the daily chart. The flagpole started earlier this month and peaked at $2,736, the 50% Fibonacci Retracement level. The recent consolidation is part of the flag formation.

Therefore, there’s a chance that the coin will rebound in the next few days or weeks. A move above the 50% retracement at $2,736 will point to more gains, potentially to the 61.8% retracement point at $3,052. Rising above that retracement will point to more upside to $4,000.



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Pepe price forms golden cross despite whale and smart money selling
GameFi Guides

Pepe price forms golden cross despite whale and smart money selling

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Pepe price retreated on Saturday, May 24, mirroring the performance of Bitcoin and other altcoins. 

Pepe (PEPE), the second-biggest Ethereum (ETH) meme coin, dropped to $0.000014, down by 14% from its highest point this week.

The retreat happened as market risks increased on Friday following Donald Trump’s threat to impose higher tariffs on European goods and Apple products. Subsequently, the market capitalization of all cryptocurrencies dropped from over $3.5 trillion on Friday to $3.4 trillion on Saturday.

Pepe has also retreated as on-chain data shows that the supply held by whales continued falling this week. Santiment data shows that whales hold about 141.2 trillion coins valued at $1.4 billion, down from 165 trillion in February. Their current holdings is the smallest it has been since November last year. 

Pepe whales | Source: Santiment

More data by Nansen shows that smart money investors have been reducing their holdings in the past few months. These investors hold 244 billion worth of Pepe, down from 380 billion a year earlier.

Pepe smart money trends | Source: Nansen

Nansen defines smart money investors as sophisticated and highly experienced holders who have demonstrated substantial success over time. These investors are normally quick to spot trend reversals.

There are also concerns that Pepe balances on exchanges has started rising. There were 252.9 trillion Pepe coins on exchanges on Saturday, up from this week’s low of 251.3 trillion.

An increase in these balances is often a red flag since it signals that more investors are moving them from self-custody and selling.

Pepe price technical analysis

Pepe price chart | Source: crypto.news

On the positive side, Pepe has strong technicals, which could draw smart money and whales. The daily chart shows that it is about to form a golden cross pattern as the 200-day and 50-day Exponential Moving Averages near their crossover. This crossover often leads to more gains in the long term. 

Pepe has also formed a rounded bottom pattern, which often leads to a continuation. Therefore, these technicals point to more gains in the coming weeks. A move above this week’s high of $0.00001625 will confirm more gains, potentially to a record high of $0.00002840.



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