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Pullback

HBAR price poised for a crash as Hedera forms a risky pattern
GameFi Guides

HBAR price in pullback, but technicals point to big reversal

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The HBAR price has pulled back and entered a bear market after falling by 30% from its year-to-date high. 

Summary

  • Hedera price is in the second phase of the Elliot Wave pattern on the daily chart.
  • HBAR has also formed a bullish flag chart pattern on the daily chart.
  • The coin will benefit from the ongoing Hedera stablecoin growth.

HBAR price Elliot Wave analysis

Hedera (HBAR) token dropped to $0.2147, with its volume and futures open interest falling to $193 million and $357 million, respectively. 

Technical analysis suggests an eventual rebound in the HBAR price. A closer look shows that it rose from a low of $0.1265 on June 22 to a high of $0.3047 on July 27. This surge was the first phase of the Elliot Wave pattern. 

The Hedera price has now entered the second phase, characterized by a pullback that is between a 50% and 61.8% retracement of the first phase. 

This phase is then followed by the third wave, which is usually the longest. In this case, it may jump to last year’s high of $0.40, which is about 85% above the current level.

The coin has formed other positive chart patterns. For example, it has formed a bullish flag pattern, which is characterized by a vertical line and a descending channel. This pattern resembles a hoisted flag, and it often leads to a strong bullish breakout. 

Hedera Hashgraph price also remains above the 100-day Exponential Moving Average. That is a sign that bulls remain in control despite the recent pullback. 

HBAR price chart | Source: crypto.news

Hedera stablecoin growth and ETF approval

A potential catalyst for the HBAR price is the ongoing rebound of stablecoin supply. Data compiled by DeFi Llama shows that the USDC supply increased by $45 million over the last seven days. This rebound has brought its total supply to over $115 million.

Stablecoins are a crucial component of any layer-1 or layer-2 network, particularly following the signing of the GENIUS Act. This growth explains why Justin Sun’s Tron has become one of the biggest and most profitable networks in the crypto industry. 

The other potential catalyst for the HBAR price is that the Securities and Exchange Commission is considering multiple ETFs. An HBAR ETF is likely to boost the price due to rising demand from American investors.



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Etherex price gains 40% amid Linea rewards program launch
GameFi Guides

AVAX price risks pullback but whale demand drives upside

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AVAX trades near $34 after a sharp rally, with whales and institutions driving momentum despite overbought signals.

Summary

  • AVAX price is up despite crypto market downturn, with a 200% surge in trading volumes.
  • AgriFORCE pivots to AVAX One, targeting $700M in token holdings.
  • Whales open leveraged longs, but RSI at 70 signals overbought risks.

Avalanche traded at $34.42 at press time, up 8% in the past 24 hours. The token has gained 17% over the last seven days and 32% in the past month, moving within a $29.40–$35.55 range over the week.

Spot trading volume jumped to $2.62 billion in the last 24 hours, a 198.8% rise from the previous day. Derivatives activity also surged, according to CoinGlass data, with open interest rising 18% to $1.77 billion and volumes rising 140% to $5 billion.

This mix of rising spot demand and leveraged exposure points to aggressive positioning, a setup that often fuels sharp moves in either direction.

Institutional and whale flows

Institutional appetite for Avalanche (AVAX) is building momentum. On Sep. 22, AgriFORCE Growing Systems Ltd. announced plans to rebrand as AVAX One, pivoting away from agricultural technology to become the first publicly traded Avalanche-focused entity on Nasdaq. 

The company intends to raise about $550 million through a mix of PIPE financing and equity-linked instruments, with the long-term goal of acquiring more than $700 million worth of AVAX tokens. Over 50 institutional investors, including Galaxy Digital and Kraken, are reportedly exploring allocations.

At the same time, whales are taking on leveraged bets. Blockchain analytics firm Lookonchain flagged two significant long positions on Sept. 23. One wallet opened a 5x leveraged long worth 514,906 AVAX ($17.2 million), already showing close to $1 million in unrealized profit.

Another account, tied to Ogle, an advisor to World Liberty Financial, opened a 10x long on 66,479 AVAX ($2.2 million). These moves suggest that well-capitalized players remain confident in Avalanche’s trajectory, despite the recent rally.

AVAX price technical analysis

From a technical standpoint, AVAX is pressing against the upper band of its Bollinger channel near $36.80, a level that now acts as resistance. With a relative strength index of 70.7, the token is on the verge of overbought territory. The stochastic oscillator is also high, suggesting short-term exhaustion.

AVAX daily chart. Credit: crypto.news

Even so, trend strength remains intact. All major moving averages, from the 10-day EMA to the 200-day SMA, are flashing buy signals, confirming a broad-based bullish structure. The MACD is still in positive territory, which indicates that the bulls are still in control.

A break above $36.80 might clear the way toward $38 and possibly $40, while immediate support is located at $32.40 and $29.50.



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(CoinDesk Data)
NFT Gaming

BTC’s Realized Cap Climbs to $1.05T Despite Price Pullback

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Bitcoin’s (BTC) realized capitalization, an on-chain metric that measures the value of coins at the price they last transacted, has continued rising even as the spot price drops, signaling investor conviction to the network and an indication the economic backbone of the largest cryptocurrency is strengthening.

After first crossing $1 trillion in July, Glassnode data shows that realized cap now sits at a record $1.05 trillion, despite the spot price slipping around 12% from its all-time peak near $124,000. While market capitalization falls as the spot price declines because it prices every coin at the current level, realized cap adjusts only when coins are spent and repriced on-chain.

Under the realized cap model, dormant holdings, long-term holders and lost coins act as stabilizers, preventing large drawdowns even when short-term price action turns negative. The result is a measure that better reflects true investor conviction and the depth of capital committed to the blockchain.

In previous cycles, realized cap suffered much steeper drawdowns. During the 2014–15 and 2018 bear markets, it fell by as much as 20% as prolonged capitulation forced large volumes of coins to be repriced lower. Even in 2022, the metric experienced a drawdown near 18%, according to Glassnode data.

This time, in contrast, realized cap is gaining despite a double-digit price correction. This highlights how the present market is absorbing volatility with a far more resilient underlying base.



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GameFi Guides

Ethereum, ETH Treasuries at ‘Good Entry Point’ After Market Pullback: Standard Chartered

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In brief

  • Standard Chartered’s Geoffrey Kendrick sees Ethereum’s pullback from its all-time high as a “great entry point” with $7,500 target by end of 2025.
  • Treasury companies and ETFs have purchased 4.9% of circulating ETH since June, with buying pressure driving the recent surge to $4,953 all-time high.
  • Ethereum ETFs attracted $444 million inflows Monday vs $219M for Bitcoin ETFs, as Ethereum outperforms BTC 32.6% vs 17.3% year-to-date.

Ethereum’s pullback from all-time highs creates a “great entry point” for investors, according to Standard Chartered.

The bank’s head of digital assets, Geoffrey Kendrick, believes Ethereum will reach $7,500 by the end of 2025 as institutional interest grows.

In a research note seen by Decrypt, he explained that Ethereum treasury companies and exchange-traded funds have purchased 4.9% of the ETH in circulation since June.

Kendrick argues that this buying pressure has played an instrumental role in helping the world’s second-largest cryptocurrency surge to $4,953 on Sunday—eclipsing the previous all-time high set in November 2021.

“Although these inflows have been significant, the point is that they are just getting started,” he added.

Last month, Kenrick had predicted that treasury companies will soon own 10% of all ETH in circulation—and now, he says that target is well on track to be met.

“ETH and the ETH treasury companies are cheap at today’s levels,” he wrote.

At the time of writing, CoinMarketCap data shows Ethereum is now trading at a 10.9% discount to the record highs set just two days ago.

Kendrick previously argued that it makes more sense for treasury companies to hold ETH rather than BTC as a reserve asset.

“ETH corporate treasuries can capture both staking rewards and decentralized finance (DeFi) leverage opportunities, which U.S. Ethereum ETFs currently cannot. As such, we think ETH treasury companies have even more growth potential than BTC ones,” he wrote in a note on July 29.

That hasn’t deterred investors from gaining exposure to ETH ETFs. SoSoValue data shows inflows stood at $443.9 million on Monday—more than double the $219 million that flowed into BTC-focused alternatives. And while BTC ETFs suffered outflows throughout the whole of last week, ETH funds managed to attract more than $628 million of capital across Thursday and Friday.

ETH has rallied by 32.6% in the year to date, considerably ahead of Bitcoin on 17.3%.

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Shaurya Malwa
NFT Gaming

Ripple Surges 9% Before Pullback Caps Rally Near $3

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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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Avalanche gains momentum as monthly transactions surge 326% but this chart signals a cold front
NFT Gaming

Avalanche activity spikes despite AVAX price pullback

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Avalanche network activity continues to show robust growth despite the native token hitting a snag and slipping from highs above $25 as a pullback across the crypto market engulfed most coins. 

Summary

  • Avalanche price pulled back from highs above $25, retreating slighty amid broader market sell-off pressure.
  • Nansen data however shows Avalanche’s onchain growth momentum remains.

The Avalanche (AVAX) token rose to highs of $25.64 on Aug. 18, extending the uptick that had bulls off support levels around $23.40 over the past week. 

However, with cryptocurrencies down in the past 24 hours amid widespread profit taking, AVAX pared gains to hover around $23.61. The altcoin was down 5% in 24 hours as Bitcoin (BTC) fell below $115k and Ethereum (ETH) retreated to near $4,200.

Avalanche network activity rises

While Avalanche’s price is facing the same downside pressure that currently engulfs the broader risk-asset market, data shows network strength that supports the long-term outlook. Other than the key metric of stablecoin growth, onchain data from Nansen suggests the past two weeks have been huge for Avalanche in terms of transactions.

An update by the multichain artificial intelligence-powered analytics platform shared on August 18 shows that Avalanche’s daily transactions grew by more than 100% in the past month. From about 500,000 transactions per day, Nansen data shows the network rose to hit over 1.3 million in daily transactions.

Avalanche activity is on the rise. 🔺

Over the last 30 days, transactions jumped from ~500K/day lows to 1.3M+ daily transactions, more than doubling in just two weeks!

Momentum on @avax is definitely heating up. pic.twitter.com/iDIW8Vihw3

— Nansen 🧭 (@nansen_ai) August 18, 2025

Notably, most of the uptick came in a two-week period in which Avalanche witnessed significant network growth.

Momentum for AVAX is cooling, but with the bullish fundamentals in place, analysts say Avalanche’s price setup suggests a breakout. Stablecoin growth and decentralized finance traction are driving this outlook.

TVL and other metrics 

As the onchain metrics point to increased user activity, DeFiLlama data indicates total value locked is ticking up from April 2024 lows.

The TVL aside, Avalanche is also attracting attention as a platform for real-world asset tokenization. In the tokenization market, the latest development related to Avalanche is the move by Bowmore, among the oldest distilleries in Scotland, to launch its first-ever tokenized whisky bottles on the AVAX blockchain.

In July 2025, Avalanche attracted headlines as it announced that $250 million in RWAs was coming onchain via Grove. The platform also struck a deal with Visa for global stablecoin settlement.





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