Tag:

Pullback

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

Avalanche activity spikes despite AVAX price pullback

by admin



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.





Source link

0 comments
0 FacebookTwitterPinterestEmail
(10x Research)
NFT Gaming

Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback

by admin



The crypto market is slightly bouncing back from early Friday’s jitters on escalating conflict between Israel and Iran.

After slumping to the $102,600 mark, bitcoin

rebounded to around $106,000 before fading lower in the U.S. afternoon hours with reports about a fresh wave of airstrikes targeting Iran. The top cryptocurrency was down 1.6% in the last 24 hours, changing hands at $105,200 and still less than 6% shy of its all-time high price.

Meanwhile, the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding memecoins, stablecoins and exchange coins — has lost 4.4% in the same period of time. Tokens such as ether

, avalanche and toncoin were the hardest hit, slumping between 6% and 8%.

Crypto stocks, however, aren’t doing too hot. Most equities are in the red, especially bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT), down 5% and 4% respectively. A notable exception is stablecoin issuer Circle (CIRCL), which is still benefiting from the windfall of its recent IPO; the stock is up 13% today, with news of retail giants Amazon and Walmart reportedly exploring stablecoins adding to the momentum.

Traditional markets don’t seem overwhelmingly concerned by the war. While gold is up 1.3%, potentially gearing up for new all-time highs, the S&P 500 and Nasdaq are only down 0.4% each.

What’s next for bitcoin?

“Nice bounce thus far and lack of follow-through lower,” well-followed crypto trader Skew said in a Friday X post. Market participants will likely remain cautious through the weekend with BTC tightly correlated with traditional markets amid heightened geopolitical risks, Skew added.

On the longer timeframe, some analysts see risks of a deeper pullback.

10x Research founder Markus Thielen noted that BTC’s drop below $106,000 translates to a failed breakout, and traders should wait for more favorable setups before rushing to buy the dip.

(10x Research)

He highlighted the $100,000-$101,000 zone as key support, warning that a break below could mark a return to the broader consolidation phase similar to last summer.

John Glover, chief investment officer at bitcoin lender Ledn, argued that bitcoin entered a corrective phase from its record highs that could see the largest digital asset drop to $88,000-$93,000.

Bitcoin’s potential corrective phase in a larger uptrend, per John Glover (Ledn/TradingView)

He said the $90,000 level could offer a favorable entry for opportunistic investors before BTC resumes its uptrend.

“Once this pattern has played out, the next move higher to the $130,000 area is expected to begin,” he said.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Hyperliquid holding above critical support: volume surge hints at breakout
Crypto Trends

HYPE steadies after sharp pullback from ATH amid market tumble

by admin



The broader crypto market faced a sharp jolt earlier today as geopolitical tensions between Israel and Iran triggered a wave of sell-offs. Among the tokens hit was Hyperliquid’s HYPE, which saw a steep intraday decline. However, the token is now showing signs of recovery.

Trading at $39.63 at press time, HYPE (HYPE) is gradually rebounding from the sharp drop it suffered earlier. The token had recently climbed above $43, setting a new all-time high after several days of strong upward momentum. However, it quickly tumbled to $37, marking a 14.2% pullback within hours.

$HYPE’s price chart | Source: crypto.news

HYPE’s sharp drop mirrored the broader market downturn, with Bitcoin (BTC) and several altcoins posting even deeper losses during the same time frame. But with tensions easing, the token has clawed back roughly 6% from its intraday low and remains up 15% over the past week.

The overall positive performance has translated into bullish sentiment among investors who, despite the recent pullback, continue to go all in.

Whales bet on HYPE

Tony G Co-Investment Holdings recently announced the purchase of 10,387 HYPE tokens, worth just over $438,000. The purchase makes the firm the first public company to add the asset to its treasury. 

The firm emphasized that hyperliquid is the ”new home to decentralized finance,” highlighting its potential and expressing confidence in its future. 

Tony G’s purchase builds on several sizable acquisitions by other large position holders. Earlier this week, three separate investors scooped up 70,617, 28,500, and 57,372 HYPE respectively, totaling around $5 million in combined purchases.

Positive sentiment is mounting around the token, driven by fresh exchange listings and partnerships. If momentum holds, HYPE could soon retest its all-time high and potentially push even higher.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Cookie price pulls back into major support zone but bullish structure remains intact
GameFi Guides

Pepe price due for a healthy pullback after 30% rally

by admin



Pepe has seen a sharp 30% rally after establishing a significant market low at the recent swing point. While momentum remains bullish, the memecoin is now approaching a major confluence of resistance that could prompt a temporary correction before further upside continuation.

Pepe’s (PEPE) recent rally has been impressive, posting a clean 30% gain off a well-defined swing low. However, price is now testing a critical resistance cluster, which includes the point of control (POC), a high-timeframe horizontal resistance, and the 0.618 Fibonacci retracement level from the previous decline. This area is technically significant and often associated with distribution or profit-taking zones.

Key technical points

  • 30% Rally from Swing Low: PEPE has rebounded strongly from a key support, marking a potential trend shift.
  • Major Resistance Confluence Ahead: Price is now testing the POC, 0.618 Fibonacci, and high-timeframe resistance zone.
  • Correction May Be Healthy: A rejection here would align with normal bullish structure, potentially forming a higher low.

PEPEUSDT (4H) Chart, Source: TradingView

From a technical perspective, the area PEPE is entering now acts as a natural resistance zone, where buyers may begin to slow down and profit-taking could emerge. This resistance band is reinforced by:

  • The point of control, where the most volume has traded historically,
  • A macro 0.618 Fibonacci retracement, a key reversal level in trending markets,
  • And a high-timeframe horizontal resistance, which previously capped bullish momentum.

Given the strength of the recent move, a pullback would be considered healthy, particularly if it results in a higher low forming near the last major breakout level. This would reinforce the current bullish structure and set the stage for a sustainable rally in the next leg up.

However, if the bullish momentum is particularly strong, there is still a chance PEPE breaks above this resistance cluster. In that case, bulls will need to push through the value area high, which would confirm a new swing high and shift the short-term outlook decisively in favor of continued upside.

Until then, this region remains a critical decision zone where price must prove whether bulls are in full control, or if a rotation lower is required before the next leg.

What to expect in the coming price action

PEPE is now at a major crossroads. If bulls fail to break through the POC–0.618 resistance zone, a pullback toward high-timeframe support is the most likely outcome. This would allow for a healthy retest and potential higher low, keeping the uptrend intact. A breakout, however, would signal accelerating strength and continuation toward new highs.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Picture of CoinDesk author CD Analytics
NFT Gaming

SOL Recovers Above $151 After Sharp Pullback

by admin



SOL

showed renewed strength Saturday as it rebounded from a low of $147.13 to trade back above $151, despite lingering global macroeconomic headwinds. The recovery comes amid a spike in on-chain activity, with Coin Days Destroyed surging to 3.55 billion—its third-highest level this year—indicating movement of long-dormant tokens.

The bounce off $147 confirmed a bullish double bottom pattern, supported by rising volume and a return to a short-term bullish channel on the 6-hour chart. Solana now faces overhead resistance near $152.85, where sellers previously stepped in, but a move above that level could open the door toward the $155–$157 zone.

While Solana’s network fundamentals remain strong, the broader macro environment continues to inject volatility into crypto markets, with ongoing US-China tariff disputes and rising global bond yields weighing on investor confidence.

Technical Analysis Highlights

  • SOL rallied from $147.13 to $152.94, gaining 3.95% intraday.
  • Double bottom formed near $147.50, signaling a potential trend reversal.
  • Resistance is developing at $152.50–$153.00, capping upward momentum.
  • Bullish channel seen on 6-hour chart, with volume rising on green candles.
  • Coin Days Destroyed spiked to 3.55 billion, its third-highest reading in 2025.
  • Price dropped slightly in the last hour from $152.51 to $151.77 (0.48%).
  • Hourly chart shows bearish engulfing pattern; $150.85 is near-term support.

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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Picture of CoinDesk author CD Analytics
NFT Gaming

Polkadot’s DOT Retakes Important $3.96 Level as Buyers Step In After Pullback

by admin



Polkadot

bullish momentum has potentially returned, after the token retook an important support level at $3.96, according to CoinDesk Research’s technical analysis model.

DOT experienced a 7% correction from $4.038 to a low of $3.753 before establishing “strong support” and rebounding strongly, according to the model.

The token is currently 1.3% lower, trading around $3.97.

The broader market gauge, CoinDesk 20 index, was 0.8% lower at publication time, also recovering from a sharp move lower amid a tussle between President Donald Trump and Elon Musk.

Technical analysis highlights:

  • DOT-USD experienced a 7.06% correction from $4.038 to a low of $3.753 before establishing strong support.
  • Price formed an ascending channel after the correction, reclaiming the $3.95 level with increasing buying pressure.
  • Significant volume spike of over 5.9 million during the correction phase, followed by 1.7 million volume during the recovery period.
  • Key resistance established at $3.98-$4.00 zone with immediate support at $3.95.
  • Higher low pattern formed after brief pullback, confirming bullish momentum
  • Psychological $3.96 level successfully defended, reinforcing recovery narrative.

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.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Why did Bitcoin just hit an all-time high?
GameFi Guides

Bitcoin structurally strong despite major pullback: Bitfinex analysts

by admin



Bitcoin has seen a major pullback from its all-time high of $111,880, as a macroeconomic reversal wipes out futures traders.

Bitcoin (BTC) remains strong after a pullback from a major rally, states a report by Bitfinex analysts, released on Monday, June 2. After reaching its all-time high of $111,880 with a 50% rally in just 45 days, the asset has encountered significant macroeconomic pressure.

Notably, reinstated tariffs resulted in a sharp spike in Treasury yields, with 30-year Treasury yields rising above 5 percent. These factors are fueling risk-off sentiment, which is affecting both stocks and Bitcoin. Moreover, the Bitcoin derivatives market, Bitfinex analysts explain, is likely overheated. Still, the report suggests that Bitcoin remains in a strong position.

“Despite the pullback, we believe Bitcoin remains structurally strong. This correction appears to be a healthy reset rather than a breakdown—driven by leverage flushing and profit realisation after one of the sharpest recoveries in crypto history,” Bitfinex report.

Bitcoin faces macro uncertainty, profit taking

Bitfinex analysts note that open interest rose to an all-time high of $49.4 billion, indicating that traders are increasingly hedging their bets and speculating on the asset. In both cases, this suggests that traders are anticipating more volatility.

Adding to this narrative is a decline in consumer spending, driven by growing concerns over the effects of tariffs. At the same time, unrealized profitable positions in Bitcoin have risen to historic levels, likely leading to significant profit taking ahead.

Bitcoin short-term holder realized price | Source: Bitfinex

“On-chain metrics corroborate this: the Relative Unrealised Profit indicator has broken above its +2 standard deviation band, a historically euphoric zone that typically precedes sharp intraday swings and local tops,” Bitfinex report.

Despite these risks, other developments suggest that Bitcoin remains in a strong position. Notably, institutional adoption is picking up, with more and more companies diversifying into Bitcoin. One of them is GameStop, which invested $513 million in BTC, in an effort to diversify from its declining core business.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Hedge funds are betting against Metaplanet. The GameStop 2021 short squeeze scenario is possible
Crypto Trends

Pullback or power-up? Bitcoin dips as demand roars on (UPDATED)

by admin



After soaring to a record high of nearly $112,000, Bitcoin has slipped amid a wave of profit-taking, rising geopolitical tension, and cautious signals from the Federal Reserve. The 7% dip, while notable, comes in the context of a broader rally driven by surging demand for spot ETFs and a tightening supply.

With Bitcoin (BTC) adoption accelerating—companies like GameStop and Trump Media adding it to their treasuries—and daily mining output capped at just 450 coins, the recent pullback may simply be a pause in what many investors view as a longer-term structural uptrend.

Consider the numbers: Bitcoin dropped to below $104,000 on Saturday, down by 7% from its all-time high of $111,900.

Source: CoinGecko

The decline occurred as investors booked profits after it jumped by 50% from its lowest point in April to its highest level this month. It is common for Bitcoin and other assets to drop after such a strong rally. 

Bitcoin also dropped as concerns about trade rose. Scott Bessent, the Treasury Secretary, said that talks between the U.S. and China had stalled, while Trump accused China of not honoring its commitments. He also said that the U.S. would increase its tariffs on steel and aluminum to 50%.

At last check on Saturday, Bitcoin hovered above $104,550. See below.

Source: CoinGecko

Meanwhile, the Federal Reserve minutes showed that officials are not in a hurry to cut interest rates. Instead, they are having a wait-and-see approach as they observe the impact of tariffs on the economy. 

Fortunately, Bitcoin has strong supply and demand dynamics. Demand for spot Bitcoin ETFs is rising, with the cumulative inflows rising to over $44 billion. Companies like Trump Media and GameStop have started buying Bitcoin for their treasury.

At the same time, the supply of Bitcoin on exchanges has dropped by 57% from its highest point in March 2020, and the decline is accelerating. Bitcoin’s supply has dropped from 3.22 million to 1.37 million in the same period. 

This supply crunch may keep falling since only 450 coins are mined daily, and a company like Strategy is buying thousands a week. The supply held by miners has dropped to 1.74 million, its lowest level since 2010. Therefore, the supply and demand dynamics mean that the coin will continue rising.

BTC supply chart | Source: Santiment

Bitcoin price technical analysis

The daily chart below shows that the BTC price has fallen from its all-time high of $111,900 to $104,170.

BTC price chart | Source: crypto.news

This chart shows that it has remained above the 50-day and 100-day Exponential Moving Averages. Also, it has formed a bullish flag pattern, a popular continuation sign in technical analysis.

The Bitcoin price has formed a cup-and-handle pattern and is currently in the handle phase. The depth of the cup is approximately 32%, which implies a target price of $144,650. This target is calculated by measuring the depth of the cup from its upper edge.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Dogecoin
GameFi Guides

Dogecoin Makes Meaningful Correction: Key Pullback Pattern Points To Looming Rally

by admin


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

Popular dog-themed meme coin, Dogecoin, may have witnessed a bearish performance in the last few days, but this waning price action could benefit its price dynamics. Technical developments show that the current pullback is a signal of an impending major rally in DOGE’s price.

Bullish Structure Forming On Dogecoin Chart

After a period of bullish performance, Dogecoin’s price experienced a retracement, which led to a correction or consolidation phase. However, recent analysis from Trader Tardigrade, a seasoned crypto analyst and investor, reveals that the correction phase is about to come to an end, and a rally is just around the corner.

In the analysis shared on the X platform, Trader Tardigrade stated that DOGE is gearing up for a major rise as a key technical pattern emerges on the daily chart, a typical sign of a possible uptrend. The meme-inspired cryptocurrency is currently consolidating within this key structure, often associated with trend continuation after cooling off from recent highs.

Specifically, the meme coin has formed a Channel Pullback. Combined with stable support levels and rising market sentiment, this channel formation raises the possibility that DOGE is preparing for a significant rise in the upcoming days.

Looking at the chart, this channel pullback previously appeared between late April and early May. Following a breakout from the pattern, Dogecoin saw a notable rise from $0.17 to $0.25 in less than a week. With the structure reappearing, the expert contends that a breakout, which he believes is inevitable, is likely to trigger a similar upward trend. 

A recurrence of a bullish pattern | Source: Trader Tardigrade on X

Should the breakout mirror the previous scenario, Trader Tardigrade has predicted a surge from current price levels to the $0.265 mark. DOGE’s reclaiming this level in tandem with significant buying pressure might act as a launchpad to a continued rally toward higher targets.

Dogecoin’s bullish signal extends beyond the 1-day chart. In another post, Trader Tardigrade highlighted a growing momentum in the 3-day time frame, which increases the potential for a rebound.

Following his examination of the 3-day chart, the expert found an Expanding Triangle formation, a key reversal pattern after a widening consolidation phase. Given that the market is slowly turning positive, a breakout from the pattern is expected to cause a rally to $0.275 and beyond.

A Remarkable Price Growth For DOGE Incoming

A view of a much larger time frame shows that DOGE’s price is headed for a new all-time high before the ongoing cycle concludes. Trader Tardigrade has underlined the recurrence of a bullish structure that triggered a massive bullish move for the meme coin on the 6-month time frame.

During the 2017 and 2021 cycles, this macro pattern kick-started DOGE’s final rally all the way to its peak in each cycle. While the structure has reemerged, Trader Tardigrade foresees a similar spike that could lead to a cycle top for Dogecoin. The expert chart reveals that the meme coin might reach a top from the $6 level and above.

DOGE trading at $0.22 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close