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Shiba Inu Surprisingly in Green Amid $182 Million Market Drop

by admin May 25, 2025

While the broader crypto market fell in the early Sunday session, with over $182 million in liquidation according to CoinGlass data, Shiba Inu (SHIB) managed to stay in the green.

While the gains were minute, Shiba Inu’s performance stood out, particularly during a session where most crypto assets traded in the red.

At the time of writing, SHIB was up 1.12% to $0.0000143, having earlier reached intraday highs of $0.0000147.

The surprise move comes as major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) continued their losses in the early Sunday session.

What’s next for Shiba Inu price?

Market sentiment remains cautious, especially with macro uncertainty and technical signals suggesting a short-term price drop.

Volatile moves in SHIB, DOGE highlight market uncertainty: Is Codename:Pepe poised to capitalize?

by admin May 25, 2025

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

SHIB and DOGE’s unpredictable moves are stirring curiosity, with Codename:Pepe emerging as a new player.

The crypto world is buzzing with the unpredictable moves of SHIB and DOGE, capturing the attention of market watchers. These erratic shifts have left investors unsure, creating an environment ripe for a fresh player with potential. Enter Codename:Pepe, an emerging project promising to use unique AI tactics to help secure impressive profits amidst the meme coin frenzy.

Codename:Pepe aims to stand out by utilizing artificial intelligence to decode market trends and offer savvy trading insights. Modeled after the legendary PEPE coin, it aspires to gain a similar success trajectory. This unique project could capitalize on current uncertainties, attracting those keen on exploring new opportunities in a rapidly evolving landscape.

Is Codename:Pepe the next top 10 memecoin?

In a crypto world oversaturated with empty AI promises, Codename:Pepe cuts through the noise. This project doesn’t just slap “AI” on its homepage — it builds around it, using real artificial intelligence to scan social trends, analyze on-chain data, and deliver actionable insights to meme coin traders.

With Pepe the Frog as its iconic mascot, Codename:Pepe taps into crypto culture’s viral core while offering something few meme coins dare to: actual utility.

What makes Codename:Pepe stand out?

Codename:Pepe isn’t here to ride the hype, it’s engineered to hunt alpha. Here’s what sets it apart:

AI trend-tracking to spot breakout tokens before the crowd
Real-time data analysis for smarter trades
Insider-style forecasts based on deep data mining
Early signal alerts to give holders a first-mover edge

And soon, Codename:Pepe will unleash an automated AI trader — a bot designed to execute trades autonomously, aiming to generate passive income from real market patterns, not speculation.

The Power of AGNT: Codename:Pepe’s native token

At the heart of this ecosystem is AGNT, an access pass to:

A private DAO where investors vote on strategies and manage portfolios
Premium tools, staking perks, and AI-generated analytics
An AI-powered launchpad for new token releases

Currently, AGNT is in its 20th presale stage, priced at $0.023809 — with the final stage set to hit $1. That’s over 40x potential upside for those who are early.

Audited, trusted, and meme-tested

Security matters — and Codename:Pepe has already passed an audit by Pessimistic, one of the most trusted blockchain security firms. While many memecoins collapse under their own hype, this one is built on solid tech — and meme magic.

Could Codename:Pepe break into the memecoin elite?

With a bold vision, real AI infrastructure, and early community momentum, Codename:Pepe isn’t just another token — it’s a contender. The blend of humor, data, and decentralized ambition positions it to become one of the Top 10 memecoins of this cycle.

From meme to mainstream: Shiba Inu’s future potential

Shiba Inu (SHIB) has gained 4.65% in the past week and 14.20% over the past month. This recent upward trend suggests growing interest in the token.

Despite these gains, SHIB is still down 40.24% over the past six months. The current RSI of 55.34 indicates moderate buying pressure, which could support further price increases.

The price is currently between $0.00001344 and $0.0000171, nearing the resistance level at $0.0000192. If SHIB breaks this resistance, it could see additional gains. The support level is at $0.00001188, which, if breached, may lead to a decline.

Based on recent performance and RSI data, SHIB may rise toward the resistance level. Breaking above $0.0000192 could result in further percentage gains. However, the significant six-month decline shows volatility remains. The coming days will be crucial in determining SHIB’s price direction.

Dogecoin gains 37% this month: What’s next?

Dogecoin is currently trading between $0.21 and $0.25. Over the past week, its price has increased by 12.02%. In the past month, it has surged by 37.00%. However, over the last six months, the price has decreased by 42.97%.

The Relative Strength Index (RSI) stands at 55.52, indicating neutral momentum. This suggests there may be room for further price appreciation before reaching overbought levels.

Dogecoin’s nearest resistance level is at $0.28. If the price climbs to this point from the current range, it could see gains of up to 33%. The nearest support is at $0.19. A drop to this level would represent a decrease of up to 24%.

Given the recent positive momentum, Dogecoin may continue its upward trend toward the resistance level. A break above $0.28 could signal further growth. Traders are watching these key levels closely to see where the price heads next.

Conclusion

Recent price swings in SHIB and DOGE suggest limited potential for significant short-term gains. These cryptocurrencies may not offer the rapid returns that investors are seeking in the current bullish market.

In contrast, Codename:Pepe crypto introduces true intelligence aimed at maximizing profits. By leveraging advanced AI to analyze trends and execute trades, it presents a promising opportunity for investors looking for substantial growth beyond traditional memecoins.

To find out more about Codename:Pepe, visit the website, Telegram, or X.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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May 25, 2025 0 comments

GameFi Guides

Altcoins Lag As Bitcoin Price Breaks $111,000: Why This Bull Market Is Different From 2021

by admin May 25, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto firm Matrixport has delivered insights into why this bull market is different from the 2021 bull run. Their analysis sheds more light on why altcoins are lagging despite the Bitcoin price rally to a new all-time high (ATH) at $111,900.

Why This Bull Market Is Different As Altcoins Lag Behind Bitcoin Price

In an X post, Matrixport stated that many traders are missing out on the current Bitcoin price rally as traditional retail engagement indicators remain low despite the rally to a new ATH. The firm explained that this rally is happening thanks to institutional investors, with retail investors on the sidelines in this bull market.

Matrixport noted that this explains why funding rates remain subdued, retail activity is low, and many altcoins continue to lag as the Bitcoin price rallies in this bull market. The firm also revealed that retail traders make the fundamental mistake of not anticipating market corrections, leading to them occasionally closing their positions during sharp drawdowns.

This bull market also differs from 2021 in that retail’s share of Bitcoin ownership is no longer expanding. Crypto whales have stepped in and are absorbing most of the flagship crypto’s supply, kicking retail investors to the curb. Bloomberg analyst Eric Balchunas once noted that this could explain why the Bitcoin price has held up well during major corrections.

According to Matrixport, understanding how corporate demand influences the Bitcoin price behavior and how long this trend is likely to last is critical as the shift in this bull market progresses. Meanwhile, the absence of retail traders in this cycle explains why funding rates and trading volumes are relatively low, with altcoins lagging.

The firm noted that market participants are witnessing a quiet transfer of Bitcoin from early adopters and investors, miners, and exchanges to corporations like Strategy and institutional investors like BlackRock. Matrixport again asserted that the current Bitcoin price rally is driven by spot market accumulation and not derivatives activity, which could explain why altcoins are lagging behind BTC.

What Next For BTC And Altcoins

In an X post, crypto analyst Kevin Capital stated that the next important step is for the Bitcoin price to record a weekly close above $106,800 and then follow through or consolidate next week. He remarked that BTC is really the only thing that matters and urged market participants to take their eyes off altcoins.

If the Bitcoin price fails to accomplish that goal, the analyst stated that market participants can then turn their attention to the reverse psychology 2021 fractals. It is worth mentioning that the analyst once predicted that altcoins led by Dogecoin will still have their run once BTC’s dominance cools off in the summer.

At the time of writing, the Bitcoin price is trading at around $108,258, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

Total market cap excluding BTC at $1.2 trillion | Source: TOTAL2 on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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May 25, 2025 0 comments

Why BTC Bull Token Is a Must-Watch in the Bitcoin Bull Market

Crypto Trends

How BTC Bull Token Can Boost Your Profits in the Bitcoin Bull Market

by admin May 24, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Bitcoin bull market is back in full swing, and experts are predicting big things for the cryptocurrency in the coming months.

Bitcoin could be headed towards a potential $125K by the end of Q2, as mentioned by Bybit’s Head of Derivatives, Shunyet Jan.

As Bitcoin prices rise, so do the opportunities for investors to capitalize on the bullish trend. One such opportunity is BTC Bull Token ($BTCBULL), which is positioned to benefit directly from Bitcoin’s upcoming rally.

As the market heats up, $BTCBULL offers a unique way for investors to tap into the Bitcoin surge with amplified potential.

If you’re looking for a way to leverage the bull market, $BTCBULL might be the token to watch.

Bitcoin’s Bull Market: What You Need to Know

Bitcoin’s market is experiencing significant growth, with promising trends pointing to an even brighter future.
Recent reports show that short-term traders have already realized $11.6B in profits, as Bitcoin’s price consolidates after a strong run.

Source: Glassnode.

Many experts believe that this pause in price action is simply a breather before Bitcoin embarks on its next major rally.

Analysts from ByBit are now forecasting that Bitcoin could surge to $125K by the end of Q2, driven by factors like growing institutional interest, increasing adoption, and a broader favorable market environment.

This optimistic outlook is further bolstered by Bitcoin’s historical behavior during bull runs, where increased demand and market confidence push prices to new heights.

With Bitcoin showing signs of strength and the global crypto market continuing to mature, there’s a solid foundation for further growth.

As bullish momentum builds, many are looking to capitalize on this wave by investing in new crypto projects that stand to benefit from Bitcoin’s continued rise.

What is BTC Bull Token ($BTCBULL)?

BTC Bull Token ($BTCBULL) is a meme-powered, community-driven cryptocurrency designed to capitalize on Bitcoin’s monumental rise.

This innovative token rewards holders with real Bitcoin every time Bitcoin hits key price milestones, such as $150K, or $200K. But only if you buy and hold $BTCBULL in Best Wallet. Unlike traditional meme coins that offer no tangible benefit, $BTCBULL directly links its value to Bitcoin’s growth.

Additionally, as Bitcoin reaches important price points, like $125K, $175K, and $225K, $BTCBULL undergoes token burns, permanently reducing supply and increasing scarcity.

This mechanism can boost the token’s value, rewarding holders over time.

$BTCBULL is the first Bitcoin-themed meme coin that combines fun with real financial benefits, making it an attractive option for investors looking to gain from Bitcoin’s rise without needing to own an entire Bitcoin.

Thanks to its partnership with Best Wallet, $BTCBULL holders can buy the token on Ethereum and receive $BTC rewards directly into their wallets – no need for complex Bitcoin wallets or BRC-20 transactions.

Why Should You Invest in $BTCBULL?

$BTCBULL presents a unique opportunity to profit from Bitcoin’s upcoming bull market.

With a current price of just $0.00253 and $6.2M raised in its crypto presale, the token is positioned for significant growth.

Experts predict that by the end of 2025, $BTCBULL could reach as high as $0.06467 – an increase of over 2,400% from its current value.

If you stake 100K $BTCBULL tokens at today’s price, you’d be looking at an investment of just $253. With a 15% APY, you’d have 115K tokens after one year.

At a conservative forecast price of $0.0302 in 2025, your tokens would be worth $3,473 – a potential profit of $3,220. And at the upper end of the forecast, $BTCBULL could reach $0.06467, bringing your investment to $7,456.

This combination of Bitcoin rewards, staking opportunities, and token burns makes $BTCBULL an excellent choice for investors looking to maximize gains during Bitcoin’s bull run.

Your Best Bet in the Bitcoin Bull Market

The Bitcoin bull market offers incredible opportunities, and BTC Bull Token is uniquely positioned to capitalize on this.

As Bitcoin rises, BTC Bull Token rewards holders with real Bitcoin, providing an additional layer of profit. The token’s deflationary model, with token burns at key price milestones, increases scarcity and potential value.

With a low entry price and substantial growth potential, it’s an excellent way to amplify your gains during the Bitcoin surge. Don’t miss out on a project with huge upside potential in the next Bitcoin rally.

Always remember to do your own research (DYOR) before investing in crypto. This article is for informational purposes only and doesn’t constitute financial advice.

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May 24, 2025 0 comments

Crypto Trends

BTC Market Cap Tops $2.2T as Derivatives, Sentiment Signal Pricing Upside

by admin May 24, 2025

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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May 24, 2025 0 comments

Liquidations across all digital assets (CoinGlass)

Crypto Trends

Crypto Market Sees $300M Liquidations as Trump Tariff Threats Flush Late Bulls

by admin May 23, 2025

Crypto traders betting on a steady bitcoin

rally got a sharp reminder of headline risk from Donald Trump’s latest tariff threats.

Over $300 million worth of leveraged derivatives positions were liquidated across centralized exchanges in the past four hours, according to CoinGlass data, as crypto prices plunged following the news.

Nearly all liquidations came from long positions—traders betting on higher prices. BTC longs accounted for $107 million of the total, while Ethereum’s ether

followed with close to $87 million. Other tokens, including Solana’s SOL , dogecoin , and SUI saw liquidations ranging between $10 million and $18 million.

Liquidations across all digital assets (CoinGlass)

“Nice aggregate flush of long leverage and de-risk selling from spot,” well-followed crypto trader Skew noted in an X post early Friday. “All driven by headlines once again.”

The sell-off came after Trump proposed a 50% tariff on imports from the European Union starting next month, along with a 25% tariff on iPhones manufactured outside the U.S., reigniting fears of an escalating trade war.

As a result, BTC and major altcoins such as Ether

, XRP , and Cardano fell 3% to 4%, while smaller-cap tokens like Uniswap and SUI dropped 5% to 7% over the past 24 hours.

Crypto trader named James Wynn, who gained attention recently opening a $1.1 billion BTC long bet with 40x leverage on the Hyperliquid exchange, also slipped underwater on the massive position. Currently, the trader is sitting on $7.5 million of unrealized losses, and the position could be liquidated if BTC slips to $102,000, according to a screenshot shared on X.

Interestingly, the long liquidations came amid a recent unusual tilt toward short positions in BTC derivatives despite record prices, CoinDesk reported on Thursday.

Read more: Why Are Bitcoin Traders Aggressively Shorting as BTC Hits New Record High?

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May 23, 2025 0 comments

GameFi Guides

America’s Biggest Banks Consider Teaming Up to Challenge $245B Stablecoin Market: WSJ

by admin May 23, 2025

In brief

Major U.S. banks, including JPMorgan and Bank of America, are reportedly exploring a shared stablecoin project.
The move hinges on pending federal legislation, such as the GENIUS Act, which would set regulatory standards for stablecoin issuance and oversight.
The initiative could position banks to compete with crypto-native issuers Circle and Tether.

Major U.S. banks are reportedly exploring a joint stablecoin venture to compete directly with the crypto industry’s growing dominance in digital payments.

Discussions are ongoing between JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others through their co-owned payment companies, including Early Warning Services and the Clearing House, according to a Wall Street Journal report.

Those discussions hinge on forthcoming stablecoin legislation that could help form frameworks for banks and non-banks to issue stablecoins.

Stablecoins are digital currencies typically pegged to the U.S. dollar or other fiat currencies and, in recent years, are increasingly being backed by Treasurys.

While some see them as “destabilizing” to economic and fiscal policy, “individuals and businesses see a tremendous benefit,” Pedro Lapenta, head of research at Hashdex Asset Management, told Decrypt.

And the timing couldn’t be more apt.

This week, the Senate moved forward with the GENIUS Act, a bipartisan bill that aims to regulate payment stablecoins by setting federal reserve standards, transparency, and issuer oversight.

If the act becomes law, stablecoins could “accelerate the adoption of digital assets” in general and strengthen “the investment case for Bitcoin and other crypto,” Lapenta said.

But it isn’t really about the investor. Banks see the changing regulatory landscape as a possible green light to begin exploring ways to challenge the dominance of Circle and Tether’s stranglehold over the $245 billion stablecoin market.

Circle, a U.S.-regulated issuer, initially launched its USDC stablecoin in 2018 alongside Coinbase through the Centre Consortium, in a bid to offer an alternative to Tether’s market-leading USDT, which debuted in 2014 on the Bitcoin-based Omni Layer.

Tether has maintained a dominant position in the stablecoin sector despite years of scrutiny over the transparency of its reserves.

Since 2022, the stablecoin issuer has released quarterly attestations, in a bid to assuage concerns. It now accounts for more than 60% of the market.

Circle, on the other hand, has sought to differentiate USDC by positioning it as a more compliant product, citing third-party attestations and closer regulatory engagement in the U.S.

But it, too, has had its own set of problems, including a temporary depegging of USDC in 2023 following the collapse of Silicon Valley Bank, stalled plans to go public via a SPAC deal in 2022, and declining market share.

The entry of major global financial firms may soon test the staying power of both incumbents and chip away at their dominance.

Hong Yea, co-founder and CEO of GRVT, a licensed on-chain exchange, told Decrypt crypto-native issuers still have a critical role to play as traditional finance builds new infrastructure.

“Crypto-native stablecoin issuers get an intrinsic grasp of how the blockchainized world functions,” Yea said. “Their years of experience, knowledge, and trials would be invaluable for the construction of institutional-grade stablecoin infrastructure.”

He likened the dynamic to traditional industries relying on digital consultants during early transformation efforts.

“The traditional financial world’s navigation into the on-chain economy could have some help too from the natives,” he said.

Yea added that if legacy players are to seriously engage with the stablecoin sector, crypto issuers must also step up their alignment with regulatory norms.

“I’d advocate for industry leaders to adopt a more proactive fashion with regulations and compliance,” he said. “Without hand-in-hand efforts from both sides, it’s going to be hard for the pie to grow as a whole.”

For now, the discussion among banks remains in its infancy and could change at any time, per the report.

Tether and Circle did not immediately respond to requests for comment.

Edited by Sebastian Sinclair

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May 23, 2025 0 comments

Crypto Trends

Sonic Labs announces GSR as the official market maker for S

by admin May 23, 2025

Sonic Labs has picked crypto capital markets firm GSR as the official market maker partner for Sonic blockchain’s native token.

GSR will help Sonic (S) token gain market traction by delivering deep liquidity and strategic guidance, the Sonic Labs team said in an announcement.

As well as becoming the official market maker partner, GSR, a trading firm founded in 2013 and regulated by the Monetary Authority of Singapore and the United Kingdom’s Financial Conduct Authority, will offer full-stack support for S.

The partnership targets the broader decentralized finance, with GSR set to offer support to early-stage projects building within Sonic’s DeFi ecosystem. Sonic Labs says GSR’s emphasis on transparency is key to this collaboration.

“In today’s market, we look for more than just liquidity providers,” said Michael Kong, chief executive officer of Sonic Labs. “We seek partners who are embedded in the network, contribute to DeFi, engage with projects directly, support global community events, and keep open, proactive communication. GSR exemplifies this standard.”

Sonic Labs launched the mainnet of Sonic in December 2024, with the S token and transition from Fantom’s FTM token happening at a 1:1 swap in early 2025. The layer-1 blockchain offers Ethereum Virtual Machine compatibility, verifiable 10,000 transactions per second and sub-second finality.

Meanwhile, GSR’s footprint in the digital asset market includes over-the-counter trading, derivatives and market making. The firm is also a multi-stage investor. Its latest portfolio investments include Sei, The Open Network and Ethena, the synthetic dollar protocol on Ethereum.

In a comment on the partnership with Sonic Labs, GSR head of U.S. business development Alex Taaffe said:

“At GSR, our role goes beyond trading, we’re here to help teams scale and build what’s next. We support innovative protocols with liquidity, helping founders get tokens market-ready, and encourage sustainable on-chain activity to drive long-term growth. Sonic’s speed, infrastructure, and community-first approach stand out in a meaningful way.”

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May 23, 2025 0 comments

Crypto Trends

Bitcoin Breaks Records as Market Value Hits Historic Peak – Here Are The Key Drivers

by admin May 22, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market recently witnessed a historic moment as Bitcoin, the largest digital asset, rallied hard to a new all-time high on Wednesday, triggering renewed optimism in the sector. After the milestone, BTC’s bullish performance has been analyzed and attributed to several key favorable conditions.

Triggers Behind Bitcoin’s Sharp Growth

Since gaining upward traction in April, the market value of Bitcoin has officially risen to a new all-time high of $111,867, surpassing its previous peak at the $109,241 level achieved during United States President Donald Trump’s inauguration on January 20. The notable upsurge to a new peak marks a major turning point in the cryptocurrency’s development as a widely recognized financial instrument. However, this spike is being driven by a combination of strong variables rather than speculative hype.

According to Santiment, a leading on-chain data platform, this milestone was reached just six weeks after the news of Trump’s tariffs caused the crypto sector to display extreme FUD (Fear, Uncertainty, and Doubt). This is a clear example that crypto markets have often moved in the opposite direction of institutional whales’ capital and retail expectations.

The on-chain platform has also taken a step to outline the key factors that supported the recent rally to a new all-time high. Aside from the tariffs being lowered and the 90-day truce between the US and China, a major factor behind the BTC’s rally highlighted by Santiment has been the increasing number of institutional investors.

BTC’s milestone triggering crowd interest | Source: Santiment on X

This heightened institutional interest has been observed among top asset management firms like BlackRock, Fidelity, Ark Invest, and others. Santiment noted that BlackRock’s interest is evidenced by the expansion of its BTC holdings through its Spot Bitcoin ETF, IBIT, which currently breached the $20 billion milestone. During the period, Fidelity and Ark Invest have also reported record inflows.

BTC’s notable surge has triggered bullish sentiment in the sector. Due to ongoing tariff uncertainties and widespread jadedness, there has not been much FOMO, therefore, the path was paved for BTC to finally create history.

BTC’s Bullish Move Set To Extend To New Highs

Over time, Bitcoin has swiftly transformed from a speculative asset to a vital part of diversified investments. This is because of its increasing inclusion in the portfolios of significant asset managers and hedge funds. With the growing presence and crowd’s greed, Santiment is confident that BTC might surge to the $115,000 and $120,000 price range in the near future.

Ali Martinez, a crypto analyst and trader, also predicted a continuation of the uptrend, claiming that BTC is entering price discovery. Given the robust performance so far, Martinez believes that the next key levels to watch include $116,000, $126,000, $136,000, and $148,000.

At the time of writing, Bitcoin was trading at $110,834, demonstrating a nearly 9% increase in the past week. Data from CoinMarketCap shows that investors are capitalizing on the ongoing upward trend as BTC’s trading volume has risen sharply by more than 73% in the past day.

BTC trading at $110,514 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 22, 2025 0 comments

NFT Gaming

Ecosystem Activity Surges Amid Market Optimism

by admin May 22, 2025

BNB’s impressive 24-hour rally showcases the growing strength of the Binance ecosystem amid broader crypto market optimism.

The token’s upward momentum coincides with Bitcoin’s approach toward new all-time highs and increased activity across the BNB Chain, which recently recorded over 8 million daily transactions and 2 million active wallet addresses.

Technical indicators remain bullish for BNB, with strong support established at $682 and multiple tests of this level showing sustained buyer interest despite minor resistance around $684, according to CoinDesk Research’s technical analysis data model.

Technical Analysis Highlights

Price action formed a clear uptrend with significant volume spikes at the 15:00 and 16:00 hours on May 21st (183K and 186K respectively).
Strong volume support established around the $663-$670 zone.
The asset encountered resistance near $689.35 during the 03:00 hour on May 22nd before a minor pullback.
Support maintained at $679.08, suggesting continued bullish momentum.
Notable volatility in the last hour with a significant price surge between 07:35-07:37, climbing from $680.85 to $683.78 (0.43% increase).
Multiple tests of $682.00 level showing buyer interest, with resistance around $683.90.
Volume peaked during the 07:37 period with over 7,190 units traded, confirming strength of upward movement.
Final minutes showed consolidation around $682.28, suggesting temporary equilibrium after volatile trading.

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May 22, 2025 0 comments