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Crypto rally stalls, BTC Vegas today, Circle files for IPO

by admin May 27, 2025



Crypto rally stalls, BTC Vegas today, Circle files for IPO

Crypto rally stalls, BTC Vegas today, CIRCLE files for IPO
FOMO HOUR EP365

BTC rally stalls under $110k on profit taking. BTC options OI hits new record. Hyperliquid whale loses $67m in 5 days. SOL co-founder sees KYC details doxxed. Trump Media denies plan to buy $3bn of crypto. Bitcoin Vegas begins today. Strategy acquires $427m BTC. Blockchain Group issues EUR63m bond to buy BTC. Onchain proof-of-reserves a bad idea: Saylor. Florida could end cap gains tax on crypto, stocks. SUI to allocate $10m for security. Circle files for IPO, denies sale talks. SBF’s sentence to be reduced by 4+ years. Tom Brady invests in Catena Labs. Alpaca Finance to wind down. Meteora now top fee-generating dApp on SOL. Bitlayer collabs with major mining pools on BitVM. Thailand to integrate crypto payments for services.

FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.

JOIN YEET = https://yeet.com/register?aff=fomohour
PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL
PODCAST = https://x.com/i/spaces/1kvKpydgqMQGE
LIVE SPACE = https://x.com/i/spaces/1yoKMoMzdznJQ

Links:
https://linktr.ee/fomohour
Tweets by fomohour
https://www.rug.fm/
https://x.com/rugradio

Hosts:
Tweets by farokh
Tweets by rektmando
Tweets by Tyler_Did_It

Myriad:
https://myriad.markets
https://x.com/MyriadMarkets

#bitcoin #crypto #podcast





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May 27, 2025 0 comments
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Bitcoin
NFT Gaming

Analyst Who Predicted Bitcoin’s Rise From $77,000 To $110,000 Reveals Why The Rally Is Not Over

by admin May 27, 2025


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

A prominent crypto analyst who accurately forecasted the Bitcoin (BTC) surge from $77,000 to over $110,000 has shared a renewed analysis, declaring that the flagship cryptocurrency’s bull rally is far from over. Backed by technical analysis and macroeconomic fundamentals, the analyst claims that Bitcoin is poised for a further breakout, potentially reaching $117,000 to $120,000 in the coming weeks. 

The Bitcoin Bull Run Is Far From Over

At the heart of crypto analyst Doctor Profit’s renewed bullish outlook is the emergence of a Golden Cross on the Bitcoin chart. The market expert disclosed that the Golden Cross pattern, a rare and powerful bullish signal, has an accuracy rate of approximately 87.8% when it occurs on higher time frames. 

According to the Bitcoin Bull Market: Pundit Reveals When To Sell Everything, historically, this technical pattern is a reliable indicator that has only appeared twice in the past 24 months, and each time it has preceded massive price rallies. In October 2023, a Golden Cross preceded a 170% surge from $27,000 to $73,000.

Then again, in October 2024, it signaled a move from $63,000 to $109,000, delivering an impressive 73% gain. Now, in May 2025, the chart pattern has appeared once more, but this time when Bitcoin was priced just above $110,000. 

Source: Doctor Profit on X

Doctor Profit emphasized that these past rallies did not take months to materialize. Rather, they began almost immediately after the Golden Cross signal appeared and then accelerated over to a 3-5 month window. Historically, during such periods, BTC has delivered gains of about 70% and 170%, which is approximately between 3.5% to 8.5% per week. If this bullish trend repeats, it could push the cryptocurrency well beyond current price levels. 

Notably, the emergence of this Golden Cross pattern is the primary reason why Doctor Profit believes that the Bitcoin bull rally is far from over. With this technical formation, the analyst has boldly forecasted that BTC will reach $113,000 this week, representing a 3.71% gain from its current price of around $108,954.

ETFs, Liquidity Clusters, And Institutional Demand To Fuel Bitcoin’s Rise 

On a structural level, Doctor Profit highlights a major liquidity cluster at $113,000. With Bitcoin already approaching this level and with strong momentum, the analyst expects this target to be hit within days. However, this isn’t the final stop.

Since Bitcoin was trading at $77,000, Doctor Profit revealed that he has consistently held a target of $117,000 to $120,000. Now, with the Golden Cross confirmed and market conditions reinforcing the move, he is doubling down on this forecast. 

Behind chart patterns, Doctor Profit also believes that Bitcoin ETFs and the broader macro environment are playing a key role in shaping this cryptocurrency’s bullish thesis. The analyst points to an overwhelming surge in demand through Spot Bitcoin ETFs, noting that inflows are now 9X higher than the daily amount of BTC being mined. 

Notably, this imbalance between supply and demand is creating powerful upward pressure on the price. Adding further weight to the bullish case is the continued accumulation by MicroStrategy and other institutional players. These entities are not only buying BTC in bulk but also reducing the amount circulating on exchanges.

BTC trading at $109,664 on the 1D chart | Source: BTCUSDT 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.



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May 27, 2025 0 comments
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Bitcoin
GameFi Guides

Bitcoin Transaction Fees At Extremely Low Levels Amid Price Rally, A Bullish Signal?

by admin May 27, 2025


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

Even though Bitcoin’s price has pulled back slightly from its recent all-time high, the flagship crypto asset continues to demonstrate bullish traction. During this significant upward performance in the past few weeks, there has been a persistent decline in the network’s transaction fees.

Low Bitcoin Transaction Fees During Price Spikes

Bitcoin appears to have its footing above the $109,000 mark, showing strength for more gains. As BTC continues to demonstrate strength above this level, an unexpected dynamic has unfolded in the network. Alphractal, an advanced investment and data analytics platform, reported that Bitcoin network transaction fees (Fees Total and Fees Mean in USD) have reduced sharply to extremely low levels. 

According to the on-chain platform, public interest in the main blockchain has never been lower, despite Bitcoin holding strong above key support levels. Currently, the cost for every on-chain transaction on the network, regardless of the amount being transferred, is not more than $1.5.

In the past, increased network congestion and higher fees have frequently accompanied growing Bitcoin values, especially with the asset reaching new highs until the 2021 market cycle. However, this time around, the pattern seems to have completely separated, making the development a crucial one to watch in the current market trend.

BTC transaction fees drop to new lows | Source: Alphractal on X

While it might seem worrying, this substantial decline in transaction fees may indicate higher network efficiency. Nonetheless, it gives BTC’s present market behavior an interesting new layer as the flagship asset’s price grows.

Furthermore, Alphractal highlighted that there has been a steady decline in the number of transactions on the Lightning Network, which suggests that the network’s use for P2P payments and transfers has sharply decreased. 

A Growing User Sentiment In Alternative Chains

Another critical trend spotted by the platform is a shift in network adoption from BTC to other chains. During the period, there has been a large use of Centralized Exchanges (CEX) and alternative networks like TRON (USDT), which provide practically instantaneous and nearly free transactions. 

A recent report from Kyle Doops, a technical expert and the host of the Crypto Banter Show, reveals that TRON Total Value Locked (TVL) has risen sharply. Kyle Doops stated that the surge in TRON’s TVL reflects what its users are feeling while urging them to keep an eye out for a turn.

Such a development implies that transactional usage has moved to alternative networks and second-layer solutions, while Bitcoin is consolidating more as a store of value. This marks a pronounced change in market dynamics.

At the time of writing, Bitcoin’s price was facing growing bearish pressure and trading at $109,175, demonstrating a nearly 1% decline in the last 24 hours. Data from CoinMarketCap shows a brief uptick in trading volume, which has increased by over 7% in the past day.

BTC trading at $109,430 on the 1D chart | Source: BTCUSDT 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.



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May 27, 2025 0 comments
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$115,000 Next? 7,000,000,000 Pepe (PEPE) Long Is Born, Dogecoin (DOGE) Short-Term Rally Incoming?
Crypto Trends

$115,000 Next? 7,000,000,000 Pepe (PEPE) Long Is Born, Dogecoin (DOGE) Short-Term Rally Incoming?

by admin May 27, 2025


  • Pepe seeing more strength
  • Dogecoin is aligned

As it consolidates just below the $110,000 mark, Bitcoin’s price action continues to defy gravity and hold fast to its recent gains. Bitcoin has successfully turned a key resistance level around $103,000 into support over the last few weeks, putting the asset on a bullish trajectory that looks promising.

With the next target firmly set at $115,000, the price structure makes it evident that the market is getting ready for another leg up. Moving average convergence, especially the golden cross — the 50-day EMA crossing above the 200-day EMA — is a crucial technical element supporting Bitcoin’s current configuration. The golden cross has long been a dependable bullish indicator. Such a cross usually marks the conclusion of a bearish cycle and the start of a longer-term rally, which raises the possibility that Bitcoin’s new uptrend is just getting started.

BTC/USDT Chart by TradingView

A market that is far from overheated is also indicated by volume data and RSI indicators. The fact that the RSI is still slightly below 70 despite the price’s remarkable move suggests that more upward momentum is possible before we reach the usual overbought area. 

Although the $115,000 goal may appear lofty, Bitcoin has repeatedly demonstrated that these goals are easily attainable once momentum starts to build. Bitcoin may even be aiming for a new all-time high in the upcoming months, as indicated by the market’s supportive structure and the clear breakout above prior resistance. 

Short-term consolidation periods may be experienced by the price, but the technical setup and general market sentiment strongly favor additional gains. Two important levels to keep an eye on are the short-term trendline that has been sustaining this upward move and the immediate support at about $103,000.

Pepe seeing more strength

Top-tier traders opened huge long positions in Pepe, putting the cryptocurrency once again at the forefront of attention on the charts. It is not surprising that this daring move has begun to ripple throughout the market, pushing the price higher even as other market conditions remain relatively muted given that a massive 7,000,000,000 PEPE position was placed using 10x leverage.

During a brief but noticeable upswing, Pepe’s price has managed to recover to $0.00001382 as of press time. Some top traders like James Wynn already have $130,000 in unrealized profit on this enormous leveraged bet; it is the primary driver of this abrupt uptick even though the larger cryptocurrency market has not shown any notable catalysts for Pepe’s spike.

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Pepe had been in a sort of consolidation phase around the $0.00001300 area, with price action coiling up for a possible breakout, according to a quick look at the charts. Before the market gets overbought, there may be more upside momentum, according to the RSI hovering around 60.

The possibility of another leg up if the momentum continues is supported by moving averages, particularly the convergence of the 50-day and 100-day EMAs. It is important to note that this spike appears to be more the result of one trader’s assertive positioning than of any significant adjustments made to the project itself. The moves accompanying the volume spike also appear to support the short-term effects of this large long wager rather than general bullish sentiment for Pepe on the market. 

Pepe’s price may experience more volatility and some quick swings if this wager is successful on the overall market. As of right now, however, the seven billion PEPE long has undoubtedly made waves and may continue to do so in the days ahead.

Dogecoin is aligned

As important technical indicators begin to align, Dogecoin (DOGE) appears to be preparing for an intriguing short-term rally. DOGE is currently trading at about $0.224, having recovered from its lower support level at $0.217. The moving average’s convergence is whats most noticeable in this case; the 50-100 and 200-day EMAs are all attracting one another like magnets. 

A major volatility breakout frequently comes before this type of convergence. The price has been consolidated below the 200 EMA (black line) on the chart, where it has been trapped in a rather narrow range for a number of weeks. This has limited any bullish momentum thus far, but the convergent averages indicate that the market is getting ready to make a quick decision. Prior to the coin becoming overbought, there may still be some upside potential, as indicated by the RSI’s proximity to 60. 

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Volume data indicates that activity has recently increased, suggesting that traders are rekindling their interest. The 50 EMA and 100 EMA are encroaching on one another, and a golden cross may happen soon. A steep upward move could be possible if this scenario materializes with short-term targets at $0.26 and possibly even $0.30 if momentum increases.

Any rally here, of course, depends on the market as a whole not collapsing again; in order for altcoins like DOGE to have their chance, both Ethereum and Bitcoin must remain stable. However, for the time being, the volume buildup and the convergence of moving averages is a tried-and-true formula for a brief Dogecoin rally. Because such setups rarely remain quiet for long, traders should keep an eye out for a strong move soon.



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May 27, 2025 0 comments
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Bitcoin short-term holder cost basis (Bitcoin Magazine Pro/Bitfinex)
Crypto Trends

BTC Price Rally Stalls as Short-Term Holders Take $11B Profits

by admin May 26, 2025



After softly rising over the weekend, bitcoin

slipped back to $109,000 on Monday in sluggish trading as traditional U.S. markets remained closed in observance of Memorial Day.

The top cryptocurrency is still up 1.7% in the last 24 hours and only a breath away from the all-time high it notched last week.

Looking at the CoinDesk 20 — an index of the top 20 digital coins by market capitalization, except for stablecoins, memecoins and exchange coins — the day’s big winner is decentralized exchange Uniswap

, which saw its token rise 6.6%. Tokens for Chainlink and Avalanche also gained 3.3% and 3.4% respectively.

The gains happened overnight, spurred by the Trump administration’s temporary walkback on EU tariffs. Trump said on Sunday that the implementation of 50% tariffs on EU goods — which on Friday he’d called to go into effect on June 1 and caused a sell-off in risk assets including cryptocurrencies — would be delayed until July 9. European stocks, initially shaken by the threat, rebounded on the news.

Short-term holder profit-taking intensifies

While the crypto market retraced some of the losses in the weekend tumble, BTC has likely entered a choppy phase as traders digest the rapid, almost 50% run from the April lows, Bitfinex analysts said in a Monday report.

Increased profit-taking by short-term holders could also cap bitcoin’s near-term upside: this investor cohort realized $11.4 billion in cumulative profits over the past 30 days, compared to $1.2 billion in the previous 30-day period, the report noted.

“At these levels, the risk emerges that profit-taking outpaces new demand inflows,” Bitfinex analysts wrote. “Unless thereʼs a corresponding rise in new capital entering the market to absorb this supply, prices may begin to stall or even retrace.

“The next few days will be key to gauge whether the dip to $106,000 has set the range lows or a bigger reset is in the cards, the report said. If a deeper pullback materializes, the key level to watch is the short-term holder cost basis around $95,000, the average price this group bought the asset, the authors noted.

Bitcoin short-term holder cost basis (Bitcoin Magazine Pro/Bitfinex)

Strong inflows to U.S. spot bitcoin ETFs — totaling $5.3 billion in May so far —, low volatility and lack of froth suggest that bitcoin will likely resume its uptrend into the third quarter of the year after a pause, the analysts argued.

Read more: Bitcoin Regains $110K After Weekend Sell-Off; ADA, DOGE Lead Uptick in Crypto Majors



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May 26, 2025 0 comments
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Bitcoin, ETH, XRP, SOL, HYPE and DOGE look ready to rally
Crypto Trends

Bitcoin, ETH, XRP, SOL, HYPE and DOGE look ready to rally

by admin May 26, 2025



Key points:

  • Bitcoin ETPs continue to witness solid buying, signaling that the bulls expect the uptrend to continue.

  • Several major altcoins witnessed a pullback, but lower levels continue to attract buyers.

Bitcoin (BTC) is attempting to sustain above $109,588, indicating buying on every minor dip. Bitcoin has risen for seven consecutive weeks, and if buyers can extend the streak to eight weeks, it clears the path for further upside. Crypto analyst and trader Carpe Noctom said in a post on X that Bitcoin has only seen three instances of eight consecutive weekly positive closes, and every time, Bitcoin has been higher in the following 6 and 12 month time period.

Institutional investors sense a long-term opportunity and, hence, have continued to pump money into Bitcoin exchange-traded products (ETPs). CoinShares reported on May 26 that Bitcoin ETPs witnessed $2.9 billion in inflows last week, which is a quarter of the total inflows for 2024.

Crypto market data daily view. Source: Coin360

Although most analysts remain bullish over the long term, some are warning of a possible short-term pullback in Bitcoin. CryptoQuant contributor Crazzyblockk wrote in a QuickTake blog post that the data shows buyer exhaustion and increasing volatility, which could start a short-term correction toward $105,000. 

Could buyers catapult Bitcoin to a new all-time high, pulling altcoins higher? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

S&P 500 Index price prediction

The S&P 500 Index (SPX) turned down from 5,968 and reached the 20-day exponential moving average (5,759).

SPX daily chart. Source: Cointelegraph/TradingView

If the price rebounds off the 20-day EMA, the index could gradually climb toward the overhead resistance of 6,000. Sellers are expected to pose a strong challenge in the 6,000 to 6,147 zone.

The short-term advantage will favor the bears on a break and close below the 20-day EMA. The index could then plummet to the 50-day simple moving average (5,584), which is likely to attract buyers. 

US Dollar Index price prediction

The bulls tried to push the US Dollar Index (DXY) above the 20-day EMA (100.15) on May 22, but the bears held their ground.

DXY daily chart. Source: Cointelegraph/TradingView

Sellers are trying to strengthen their position by pulling the price below the 99 support. If they manage to do that, the index could continue its slide to the solid support at 97.92. Buyers are expected to defend the 97.92 level with all their might because a break below it may sink the index to 95.67.

Buyers will have to drive and maintain the price above the 50-day SMA (101.26) to indicate that the corrective phase may be over.

Bitcoin price prediction

Bitcoin bulls are trying to push and sustain the price above $109,588, indicating that every minor dip is being purchased.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping moving averages and the RSI near the overbought territory signal that the path of least resistance is to the upside. If buyers shove the price above $111,980, the BTC/USDT pair could skyrocket to $130,000.

The 20-day EMA ($104,886) is the vital support to watch out for on the downside. A break and close below the 20-day EMA could tempt short-term buyers to book profits. That could sink the pair to the psychologically crucial $100,000 level, where buyers are expected to mount a strong defense.

Ether price prediction

Ether (ETH) turned up from the 20-day EMA ($2,425) on May 25, indicating solid demand at lower levels. 

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will try to drive the price above the $2,738 obstacle again. If they succeed, the ETH/USDT pair could soar to $3,000. The bears will try to halt the up move at $2,850, but the bulls are likely to prevail.

If the price turns down from the current level or the overhead resistance and breaks below the 20-day EMA, it suggests that the bulls are losing their grip. The pair could dip to $2,323 and then to $2,111.

XRP price prediction

XRP (XRP) has been oscillating between $2.65 and $2, signaling equilibrium between buyers and sellers.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The flattish 20-day EMA ($2.34) and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price turns up and breaks above $2.48, the bulls will have another go at the $2.65 resistance. If they clear the overhead hurdle, the XRP/USDT pair could soar to $3.

On the other hand, a break and close below the 50-day SMA could sink the pair to the solid support at $2. Buyers are expected to vigorously defend the $2 level because a break below it may sink the pair to $1.61.

BNB price prediction

BNB (BNB) has started to move toward the overhead resistance of $693 after taking support at the 20-day EMA ($652).

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA and the RSI in the positive territory indicate an advantage to buyers. If bulls kick the price above $693, the BNB/USDT pair could rally to the $732 to $761 overhead zone.

Contrarily, if the price turns down and breaks below the 20-day EMA, it suggests that the bears are trying to seize control. The pair could slump to $633 and subsequently to the 50-day SMA ($617).

Solana price prediction

Solana (SOL) took support at the 20-day EMA ($169) on May 25, indicating that the sentiment remains positive and traders are buying on minor dips.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will again attempt to drive the price above the $188 overhead resistance. If they can pull it off, the SOL/USDT pair could surge to $210 and eventually to $220. 

Sellers will have to pull the price below the 20-day EMA to prevent the upside. The pair could then plunge to the 50-day SMA ($151), which is likely to act as solid support. A bounce off the 50-day SMA could signal a few days of range-bound action between $153 and $188.

Related: Solana following Bitcoin? Network activity, chart pattern point to $300 SOL price

Dogecoin price prediction

Dogecoin (DOGE) has been trading between $0.26 and $0.21, signaling buying near the support and selling close to the resistance.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The price has bounced off the 20-day EMA, opening the gates for a rally to the overhead resistance of $0.26. Buyers will have to pierce the $0.26 level to start the next leg of the uptrend to $0.30 and then to $0.35.

Alternatively, a break and close below the $0.21 support suggests the bears are back in the game. The DOGE/USDT pair could then swing inside a large range between $0.26 and $0.14 for some time.

Cardano price prediction

Buyers are trying to keep Cardano (ADA) above the neckline of the inverse head-and-shoulders pattern but have failed to start a strong rebound.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($0.75) is flattening out, and the RSI is near the midpoint, indicating a balance between supply and demand. Buyers will have to propel the price above $0.86 to tilt the advantage in their favor. If they manage to do that, the ADA/USDT pair could rally to $1.01. 

Contrary to this assumption, if the price turns down and breaks below the neckline, it suggests that the bulls have given up. The pair could then drop to the $0.60 support, which is likely to attract buyers.

Hyperliquid price prediction

Hyperliquid (HYPE) has been in a strong uptrend for the past several days. Buyers asserted their supremacy by pushing the price above the $35.73 resistance on May 25.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will try to maintain the momentum and push the price to $42.25, where the bears are expected to step in. If buyers do not give up much ground from $42.25, the uptrend could extend to $50.

The immediate support on the downside is $35.73. If the HYPE/USDT pair rebounds off $35.73, it increases the likelihood of a rally above $42.25. Sellers will gain the upper hand on a break below $32.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



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May 26, 2025 0 comments
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Bitcoin search interest over time on Google. (Google Trends)
Crypto Trends

Wall Street Joins BTC Rally With Toyotas While Retail Crashes Their Lambos

by admin May 26, 2025



What happens when retail logs off from crypto and Wall Street tunes in? Looking at bitcoin’s

recent all-time-high, one would say it feels bullish and the industry is maturing.

That might as well be the case, but we might not be there yet. So before we floor our Lambos, let’s look under the hood.

First things first, retail investors have basically ghosted this rally. A quick search on Google Trends using the keyword “bitcoin” shows that the surge that was seen back in 2021’s bull market is non-existent. Back then, everyone and their grandmothers were Googling bitcoin, aping into altcoins and flooding the social media with rocket emojis. In 2025? It’s a ghost town in retail-land.

There was a blip of high retail interest surrounding the U.S. presidential election, when a short-lived memecoin mania took over retail sentiment. However, that surge is long gone, as memecoin prices tanked swiftly, even as bitcoin hit an all-time high this week, ripping past $111,000.

Bitcoin search interest over time on Google. (Google Trends)

“Early in this cycle, memecoins became a concentration of risky retail-driven trading with related trading peaking in January,” said Toronto-based crypto platform FRNT Financial. “However, since then, there has been a virtual wash-out of interest and memecoin trading activity,” which shows “the tepid risk appetite in crypto at the moment,” FRNT added.

Translation: “Wen Lambo” crowd got burned, and they aren’t rushing back into the race track en masse anytime soon.

From Lambos to Corollas

On the topic of risk appetite, let’s go back to the car analogy.

During the 2021 bull market, people bought unreliable performance cars, stripped out the brakes and seatbelts to go faster than ever before, and did not care that there might be engine blowouts. As long as there was a promise of reaching the moon, bullish vibes were all that mattered.

Now? After losing tremendous amounts of money on those unsustainable go-fast cars for years, traders are driving Toyota Corollas—sensible sedans that are slow but steady and still on the road.

That risk-off sentiment is also evident from the funding rates, according to FRNT’s analysis of BTC perp rates—a measure of how much traders are willing to pay to maintain their long positions. When bitcoin reached a record high of around $42,000 in January 2021, the perp rate was about blistering 185%. Today, at bitcoin near $110,000, the rate is near 20% on crypto options exchange Deribit, meaning the risk appetite isn’t completely gone but nowhere near the 2021 frenzy.

Average daily BTC perp rate from 2021 to 2025. (Deribit/FRNT)

ATH jitters

A third point to add is the high number of short positions in the market.

As CoinDesk’s Oliver Knight reported this week, the bitcoin long/short ratio is at its lowest point since the crypto winter in September 2022. This implies that the majority of the traders aren’t completely buying into this recent positive momentum and betting on bitcoin moving lower as a hedge for the new bullish rally.

Bitcoin long/short ratio. (Coinalyze/TradingView)

The impact of such positioning was clear on Friday, when bitcoin swiftly crashed from near $111,000 to $108,000 in a matter of minutes and then bounced right back up to $109,000. The anxiety of a swift volatility is real.

So in a car-themed analogy, the drivers (in this case, investors) are still taking out their super-modified, unreliable sports cars for a weekend drive on the track. Still, they also have their Corollas following along. Just in case the engine blows on their go-fast cars.

Cautious optimism

Given the current macro-risk, it’s not entirely surprising that investors are on their toes and risk-averse. But this might just be exactly what your mechanic at the shop prescribed. In fact, this might be an indicator of a sustainable rally in the long term.

“Periods of low leverage and risk appetite in crypto have often preceded further sustainable gains,” according to FRNT.

“BTC appears to be in such a phase, set against a backdrop of numerous bullish catalysts and narratives,” the firm added.

The bottom line is that the retail Lambos might have been towed away, but big money is stepping in with their everlasting Toyotas. This might start a slow but steady race to the moon, not just a reckless joyride.

Read more: These Six Charts Explain Why Bitcoin’s Recent Move to Over $100K May Be More Durable Than January’s Run



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May 26, 2025 0 comments
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Hyperliquid's Solana moment is near as HYPE mirrors SOL-like 300% rally structure
Crypto Trends

Hyperliquid’s Solana moment is near as HYPE mirrors SOL-like 300% rally structure

by admin May 25, 2025



Key takeaways:

  • HYPE is mirroring Solana’s 2021 breakout structure, targeting a 240% rally by July.

  • Familiar crypto fractals suggest HYPE could spark similar momentum-driven hype.

Hyperliquid’s native token, HYPE, is mirroring a strikingly similar price structure to Solana’s (SOL) early 2021 breakout—one that preceded a 300% rally.

HYPE chart fractal targets 240% rally by July

In January 2021, Solana broke out from a prolonged consolidation phase just as marketwide interest began accelerating.

The breakout, highlighted by a decisive flip above key Fibonacci retracement levels, triggered a vertical rally that saw SOL jump to the 4.618 Fib retracement line at around $19 from roughly $4.90 in under two months, marking a 291% surge.

SOL/USD daily price chart. Source: TradingView

Fast forward to May 2025, HYPE’s daily chart is showing the same bullish structure following its 270% rebound from $10 lows in April, aligning with its 0.0 Fibonacci retracement line.

On May 23, HYPE broke above its 1.0 Fibonacci retracement level (~$35.88), echoing the early stages of SOL’s explosive run in 2021.

HYPE/USD daily price chart. Source: TradingView

Moreover, the relative strength index (RSI) for HYPE has entered deeply overbought territory (above 84), which, while suggesting caution in the short term, also underscores the strength of the current momentum, much like Solana’s RSI profile during its 2021 breakout.

If HYPE continues to follow this fractal, the 1.618 Fibonacci extension level near $51.68 appears to be the next logical target. Beyond that, the 4.618 level at around $128 could mark the peak of this potential rally, a 240% move from its recent breakout zone near $35.

Hyperliquid is like Solana and FTX combined — analyst

Popular analyst and commentator Ansem highlights that Hyperliquid’s vision is very similar to what Solana and FTX aimed to build during their early partnership: a high-performance, low-cost crypto trading experience.

He argues that, unlike FTX’s centralized architecture, Hyperliquid is fully onchain.

Source: X/Ansem

Nearly 97% of all trading revenue goes directly back to HYPE tokenholders, Ansem noted, adding that such fundamentals will assist the Hyperliquid token to reach “all-time highs soon.”

Psychologically, traders are often drawn to familiar and previously successful patterns.

In 2017, Ether (ETH) mirrored Bitcoin’s (BTC) 2013 arc almost identically, from the parabolic blow-off top to the retracement and range-bound recovery phase.

BTC/USD and ETH/USD fractal comparison chart. Source: TradingView

When traders recognize that HYPE could be repeating Solana’s 2021 trajectory visually and fundamentally, it may reinforce bullish conviction and draw in speculators hoping to catch the next “Solana” moment.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



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May 25, 2025 0 comments
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XRP
Crypto Trends

The Stars Align: Crypto Analyst Predicts 1,700% Rally For XRP In 2 Months

by admin May 24, 2025


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

A crypto analyst has predicted that the XRP price could increase by a staggering 1,700% over the next two months. If accurate, this explosive move could catapult the altcoin well above its current all-time high of $3.84, marking a historical moment and reigniting investor excitement amidst the volatile market. 

XRP To Replay 2017 Explosive Rally To $27

Egrag Crypto, a prominent crypto analyst, has presented a striking forecast for the XRP price in an analysis on X (formerly Twitter). According to the post, the token could be on the verge of replicating one of its most legendary historical price surges, with the potential to rise by 1,700% over the next two months.

At the heart of this bullish price prediction is a comparative study of XRP’s meteoric rally in 2017, when the altcoin surged by over 1,772.13% in just 63 days beginning from October 30. Egrag Crypto has overlaid this historical surge with current market behavior, and according to the analysis, the altcoin is showing uncanny similarities to its 2017 bullish setup and could end up completely repeating this pattern. 

The analyst’s chart features an expansive Fibonacci circle framework, with concentric arcs possibly representing future zones of resistance and support. Within this macro pattern, XRP is forming a triangular consolidation, just like it did in its previous ATH breakout. 

Source: Egrag Crypto on X

The chart identifies July 21, 2025, as a potential cycle top for XRP, placing the altcoin within a similar 63-day window that previously preceded its rally to all-time highs. If history repeats, it could be poised for an explosive rally, targeting the $28 level—a price that extends far beyond former ATHs. 

Major Fibonacci levels have also been marked on the chart. A breakout of the 1.0 Fib around $3.35 is seen as a gateway for exponential growth, with additional targets placed at $8.489 (1.272 Fib), $13.79 (1.414 Fib), and an eventual moonshot toward $27.68 based on the 1.618 extension. 

Zooming In: Key Resistance And Support Levels To Watch 

While the macro view of Egrag Crypto’s XRP price chart showcases a stage for a grand rally, zoomed in, the chart shows that the altcoin is currently consolidating within a Symmetrical Triangle pattern.

The chart also shows that the 21-week Exponential Moving Average (EMA), situated near the $2.3 price level, is acting as a vital support area and last line of defense for the token. The analyst has indicated that holding above this line is critical to XRP maintaining bullish momentum.  

From a resistance standpoint, the analysis highlights $2.7 as the first major threshold to overcome, coinciding with the 1.414 Fib. A close above this level would be a clear breakout signal that could trigger a rally toward the $3.00 – $3.35 zone. Additionally, surpassing this region would potentially mark the start of the projected parabolic run to a cycle top in July. 

Notably, XRP won’t be the only cryptocurrency potentially experiencing a bull rally during the 63-day timeframe. Egrag Crypto suggests that Bitcoin (BTC) and the broader crypto market could also enter a new phase of bullish expansion around the same period.

XRP trading at $2.3 on the 1D chart | Source: XRPUSDT 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.



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May 24, 2025 0 comments
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Dogecoin (DOGE) Down 7% in Hours: Rally Over
GameFi Guides

Dogecoin (DOGE) Down 7% in Hours: Rally Over

by admin May 24, 2025


The crypto market saw profit-taking after a strong week, with major coins, including Dogecoin, plunging by more than 7%. Bitcoin’s price dropped sharply on Friday from a high of $111,200 to just over $107,000 as investors weighed macroeconomic concerns.

Dogecoin mirrored Bitcoin’s price action, reaching a high of $0.254 on Friday following three days of increases before plunging to a low of $0.223.

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Despite the drop, Dogecoin is still attracting speculative interest. According to Glassnode, while speculative appetite is surprisingly subdued among the top 10 coins, the Dogecoin funding rate is slightly above neutral.

What’s next for Dogecoin price?

At the time of writing, Dogecoin was down 2.74% in the last 24 hours to $0.2278, but up 7.23% weekly.

DOGE/USD Daily Chart, Courtesy: TradingView

Dogecoin is consolidating between $0.21 and $0.259 following a huge rise earlier in May. The daily RSI is well above the 50 midpoint, hinting at the possibility of continued consolidation in the short term before the next major move while also presenting a slight edge to the bulls.

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This optimistic view will be invalidated if the Dogecoin price turns down and breaks below $0.21. That suggests a likely range-bound action between $0.14 and $0.26.

As stated, the $0.21 level remains an important support to watch out for. If Dogecoin holds above here, the chances of it breaking above $0.26 increase. If that happens, Dogecoin might reach $0.35. There is resistance at $0.29, but it is likely to be overcome.



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May 24, 2025 0 comments
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