Tag:

Resistance

Rebounds 6%, Breaks Resistance as DeFi Market Hits Record Size

by admin October 3, 2025

Aave AAVE$291.56, the native token of the largest decentralized finance (DeFi) lending protocol, strongly rebounded from last week’s lows breaking through key resistance levels on Friday afternoon.

The token gained another 2% over the past 24 hours and is up 6% this week. It has established support at the $284-$285 levels, while it’s currently consolidating around $290.

The move occurred as the broader crypto market rallied, with gains across the board and bitcoin BTC$122,498.24 breaking above $122,000, inching closer to its August record high. The broader DeFi market also accelerated, hitting a $219 billion in assets across protocols, a fresh record level, DeFiLlama data shows.

Total value locked across DeFi protocols at record highs. (DeFiLlama)

Deposits on Aave also climbed to a record $74 billion, cementing its top position among DeFi protocols, per DeFiLlama data. The platform enjoyed fresh inflows due to a recent partnership with up-and-coming stablecoin-focused chain Plasma. The Plasma lending market on Aave swelled above $6 billion in less than a week.

Technical Analysis Shows Strong Momentum

Technical indicators point to upside potential despite short-term profit-taking pressure at current levels, the CoinDesk Data research model shows. However, resistance levels hold firm between $290-$294 following repeated rejections.

Price gains 2.33% in 24-hour session.
Trading range spans $15.17 between $279.16 and $294.33 extremes.
Volume spikes to 143,188 units, well above 37,000 average.
Support level confirmed at $284-$285.
Resistance zone established between $290-$294.
Intraday high reaches $290.37 before reversal.
Consolidation pattern develops at current levels.

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October 3, 2025 0 comments

NFT Gaming

HBAR Rallies on Institutional Interest, Faces Resistance at $0.23

by admin October 2, 2025

HBAR saw heightened institutional interest over the past 24 hours, trading between $0.22 and $0.23. The strongest move came early on Oct. 2, when the token surged from $0.22 to $0.23 on heavy volume of 57 million, establishing resistance at the upper level. Subsequent trading saw repeated tests of that barrier, with consolidation just below $0.23.

Late-session volatility erased gains, with a 1% drop in the final hour as selling pressure mounted and liquidity thinned. Analysts noted declining volume into the close as a sign of potential short-term weakness.

Longer-term sentiment remains more favorable. Hedera executives recently appeared on a panel with SWIFT, Citigroup, and Germany’s Bundesbank, underscoring institutional recognition of its technology. Wyoming’s Frontier Stablecoin pilot further demonstrates enterprise use cases.

Regulatory catalysts may also be on the horizon, with the SEC reviewing a potential spot HBAR ETF this month. Despite recent declines, analysts say Hedera’s mix of partnerships and ETF prospects could support further gains in October.

HBAR/USD (TradingView)

Technical Analysis Reveals Mixed Trading Signals

Established resistance at the $0.23 level continues to generate consistent selling pressure during periods of increased trading volume.
Support levels near $0.23 have demonstrated resilience through multiple testing phases during the consolidation period.
Elevated trading volume of 57.63 million shares during the early morning rally suggests institutional participation and renewed investor interest.
Absence of trading volume in the session’s final minutes raises concerns about market liquidity and potential momentum deterioration.
Overall trading range of $0.0068 representing 3% volatility indicates active price discovery and market efficiency.

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.

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October 2, 2025 0 comments

Crypto Trends

XLM Rallies 4% as Stellar Breaks Critical $0.40 Resistance Barrier

by admin October 2, 2025

Stellar’s XLM rose 4% in the past 24 hours, climbing from $0.39 to $0.40 with a brief push above $0.41. Trading volumes surged to more than double the daily average, establishing support at $0.40 and resistance near $0.41, signaling potential consolidation before the next move.

The rally followed Bitcoin.com Wallet’s integration of Stellar, giving millions of users access to its low-cost, fast payment network and DeFi tools. The news coincided with heightened volatility as XLM repeatedly tested the $0.41 level while holding key support.

Institutional demand is also fueling momentum, with traditional finance showing growing interest in blockchain-based payments. Strong volume during the breakout highlights rising market engagement as XLM pushes through psychological resistance zones.

Short-term action reinforced this trend: between 13:11 and 14:10 UTC on October 2, XLM briefly spiked to $0.41 on trading volumes nearly double the hourly average, underscoring robust bullish sentiment despite near-term resistance.

XLM/USD (TradingView)

Technical Metrics Indicate Persistent Strength

Rally developed through two separate phases featuring initial advancement to $0.40 followed by decisive breakout exceeding $0.41 during overnight sessions.
Outstanding trading volumes of 90.15 million and 61.23 million documented, substantially above 24-hour benchmark of 36.85 million.
Essential support formed at $0.40 with substantial volume backing while resistance materialized around $0.41.
Volume surges surpassed 1.4 million during 13:45 and 13:51 periods, exceeding hourly benchmark of 750,000.
Repeated resistance challenges near $0.41 with support stabilization around $0.40 threshold.
Robust upward trajectory preserved with balanced profit-taking patterns above essential $0.40 psychological barrier.

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October 2, 2025 0 comments

GameFi Guides

BNB Climbs 3.5% as Fed Rate Cut Bets Fuel Rally Past Key Resistance

by admin October 2, 2025

BNB rallied more than 3.5% in the last 24 hours, tracking broader gains across the crypto market as expectations of a Federal Reserve rate cut firmed.

The token rose from a session low of $1,017.44 to more than $1,050, marking a breakout above key resistance levels in the session. The rise comes on the back of an unexpected drop in U.S. private payrolls that adds to a growing list of signals that the Fed may begin easing monetary policy sooner than expected.

With official jobs data paused due to the ongoing U.S. government shutdown, traders have leaned heavily on the weak ADP report, which showed a 32,000 job loss in September against expectations for a gain. Derivatives markets now price in near certainty of a 25 basis point cut later this month.

BNB’s price action mirrored that sentiment shift. After dipping mid-session, the token bounced off the $1,020 support level and climbed steadily into the close, driven by volume that exceeded the 24-hour average, according to CoinDesk Research’s technical analysis data model.

Traders pushed BNB through the $1,035 resistance in the rally, which saw the broader crypto market move up 2.25%, as measured by the CoinDesk 20 (CD20) index.

BNB’s outperformance of the wider market reflects token-specific catalysts. Earlier this week, BNB Chain reduced its minimum gas fee to 0.05 Gwei, making the network one of the cheapest among major blockchains.

Meanwhile, Kazakhstan’s state-backed Alem Crypto Fund named BNB as its first investment asset. The fund’s goal is to build long-term reserves of digital assets and signals rising adoption at the sovereign level.

BNB also weathered a brief security incident during the session when the BNB Chain’s X account was compromised. Hackers made off with about $13,000 before the issue was resolved and the community rallied behind it.

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.

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October 2, 2025 0 comments

Etherex price gains 40% amid Linea rewards program launch

GameFi Guides

Polkadot price tests resistance as DAO caps DOT supply

by admin September 15, 2025

Polkadot’s price is pressing against a key resistance zone as the network’s DAO approved a landmark proposal to cap DOT supply at 2.1 billion.

Summary

Polkadot DAO approved Referendum 1710, capping DOT supply at 2.1B.
DOT trades at $4.37, up 8% in a week but near key resistance at $4.50.
Derivatives volumes have cooled, signaling reduced speculative activity.

At the time of writing, Polkadot was down 0.7% over the previous day, trading at $4.37. Despite the dip, DOT has gained 8% over the past week and 11% in the last 30 days, though it remains 92% below its 2021 all-time high.

Polkadot’s (DOT) trading volume over the past 24 hours is $235.3 million, which represents a 51.5% decrease from the day before and indicates a slowdown in market activity. Coinglass data shows that open interest dropped 2.35% to $605 million, while derivatives volume dropped 43% to $446.5 million.

This indicates that although overall interest in DOT futures is still high, traders are lowering speculative positions in response to recent volatility.

A new chapter for DOT supply

In a major governance milestone, the Polkadot DAO approved Referendum 1710 on Sept. 14, with 81% voting in favor of introducing a hard supply cap of 2.1 billion DOT.

🚨 DOT supply → capped at 2.1 Billion 🚨

The Polkadot DAO has signaled support for a hard cap, by passing Referendum 1710 on the “Wish For Change” track, with 81% in favor.

Today ⤵️

→ 1.6 Billion DOT exist
→ 120M DOT/year minted each year
→ No supply cap

What Ref. 1710… pic.twitter.com/OJMtDumAZC

— Polkadot (@Polkadot) September 14, 2025

Until now, the network minted roughly 120 million new DOT each year, around 10% inflation, with no ceiling on total supply. Under the new plan, issuance will step down every two years on March 14, eventually limiting supply to under 2 billion by 2040.

The move gives a token that has always been inflationary by design predictability and scarcity. Although the referendum is not legally binding, it does represent a growing community consensus for stronger fiscal discipline.

Gavin Wood, who recently returned as chief executive officer of Parity Technologies, framed the cap as part of a broader effort to prepare Polkadot for its 2.0 upgrade later this month. The update intends to reduce developer expenses while pushing throughput to new heights with features like Agile Coretime and Elastic Scaling.

Polkadot price analysis

DOT is currently testing a resistance level at $4.50, which has been the cap on rallies on multiple occasions in recent weeks. Momentum indicators are mixed. With the relative strength index at 61, the market is leaning toward bullish territory but is neither overbought nor oversold.

Polkadot daily chart. Credit: crypto.news

The majority of moving averages, ranging from the short-term 10-day to the long-term 200-day, continue to support an upward trend, and the MACD has turned positive, suggesting underlying strength. At the same time, the Commodity Channel Index and momentum readings warn of possible pullbacks, which makes the $4.00 level crucial to watch.

The next target might be $4.80 or even $5.00 if DOT gains traction. If sellers take control, $3.80 offers a stronger cushion, while $4.00 offers the first layer of support on the downside.

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September 15, 2025 0 comments

Crypto Trends

Dogecoin Enters Accumulation Phase: What To Expect As Price Faces Resistance At $0.22

by admin September 8, 2025

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

With the market remaining indecisive, Dogecoin has found its way into another accumulation phase after being rejected by bears once again. This has seen its price stuck just above $0.2, with a failure to mark any successful breakout. However, with accumulation trends, they often tend to form the basis for the next move, which could happen soon. Naturally, there are two ways the price could go from here, so we take a look at the next notable levels.

The Bullish Case For Dogecoin

Crypto analyst Lingrid has explored the possible directions that the Dogecoin price could go in when the accumulation trend does come to an end. The first is the bullish scenario, given that the Dogecoin price has seen the formation of a major structure.

The current structure shows that the Dogecoin price is actually still trading inside of a descending structure. This comes after the rejection from the resistance trendline that pushes the price downwards from $0.24. But this has not completely sent the Dogecoin price into the arms of bears, as there is still some bullish momentum.

Mostly, the price has continued to trade sideways, meaning that both sides have an opportunity to pull Dogecoin in their favor. For the bulls, though, the major level for them now is to maintain the support that has developed at $0.2 over the last few weeks.

As Lingrid explained, holding this support could see a potential rebound from here. If this break of structure is completed, and there is a confirmation above $0.22, then the next major levels would lie at $0.2420-$0.2670. This would make $0.2-$0.21 the ideal buy zones.

Source: TradingView.com

The More Bearish Scenario

As mentioned above, the Dogecoin price is still trading sideways, so the bears have as much of a chance as the bulls to claim control. Since the bulls have to maintain support at $0.2 to keep the momentum going, that makes it the level to break for bears to trigger further downsides.

Since the market is still showing low momentum and overall weakness, then a general decline could pull the Dogecoin price lower. In the case of a break of the support at $0.2, Dogecoin could be subject to a deeper correction. Add in the uncertain macro headlines and the decline in liquidity flow into the market, then it spells doom for the meme coin if bears take over.

DOGE price recovers sharply | Source: DOGEUSDT on Tradingview.com

Featured image from Dall.E, chart from TradingView.com

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September 8, 2025 0 comments

NFT Gaming

Dogecoin Builds Higher Lows While Resistance Holds

by admin September 8, 2025

Dogecoin posted a controlled rise within a tight intraday band, with buyers repeatedly defending the $0.213–$0.214 area and sellers leaning into the $0.220–$0.221 zone. Momentum improved on rebounds where volume rose above session norms, but late momentum fades kept price pinned just below resistance into the close.

News Background

No confirmed catalyst headlines drove the move. The session was dominated by order-flow dynamics around $0.21 support and $0.22 resistance.
Prior references to “all-time highs,” ETF filings, or treasury announcements were removed due to lack of verification. This readout focuses strictly on observable price and volume behavior.
Broader meme-coin flows were mixed, with rotation evident intraday but no sector-wide breakout confirmed by closing strength.

Price Action Summary

Traded a ~$0.008–$0.010 range, roughly 3–4% swing, with lows near $0.213–$0.214 and highs probing $0.220–$0.221.
The steepest leg lower came mid-session toward $0.213, where buying stepped in quickly, producing a V-style rebound.
Rebound attempts stalled beneath $0.22, with multiple rejections clustering in the $0.220–$0.221 band.
Closing hour showed fading momentum, leaving price stabilized just under resistance and preserving the intraday higher-low structure.

Technical Analysis

Support: $0.213–$0.214 is the intraday demand zone. A sustained break below exposes $0.210–$0.212 and then $0.205.
Resistance: $0.220–$0.221 remains the immediate ceiling. Above that, reference levels sit at $0.224–$0.226 and $0.230.
Momentum: RSI holding around the mid-50s reflects a neutral-to-bullish bias without overextension.
MACD: Histogram is converging toward a potential bullish crossover, consistent with accumulation on dips rather than chase buying.
Pattern: Ongoing sideways consolidation under $0.22. A clean break and hold above $0.221 on expanding volume would confirm continuation; failure keeps the chop intact.
Volume profile: Reversal bounces printed relative volume outperformance, while tests into resistance saw participation fade, signaling the need for stronger sponsorship to break through.

What Traders Are Watching

Can DOGE close above $0.221 with volume expansion. A decisive daily close through resistance would validate a shift from range-bound trade to continuation, opening $0.224–$0.226 first, then $0.230. Repeated failures invite mean-reversion back toward $0.214.
Depth and absorption at $0.213–$0.214. Persistent resting bids and quick reclaim behavior support the bull case. Thinner books or slower rebounds would warn that dip demand is weakening.
Quality of the breakout if it occurs. Traders will look for higher highs and higher lows on intraday frames, shrinking wicks at highs, and rising participation rather than a single spike that reverses.
Derivatives posture. Funding, open interest, and long-short skew should confirm spot strength. Rising OI with stable funding is healthier than a crowded long build with premium that invites squeezes.
Correlation to BTC and meme-sector breadth. A BTC push through nearby resistance or broader meme-coin confirmation often improves follow-through. Divergence would temper upside expectations.

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September 8, 2025 0 comments

Gold ether coins in a small pile, symbolizing ETH investment

NFT Gaming

Stellar Upgrade Triggers Trading Pauses on Major Exchanges, XLM Faces Resistance

by admin September 4, 2025

South Korean crypto exchange Upbit temporarily suspended trading in Stellar’s XLM token on Tuesday, a precautionary move as the Stellar network readies for its Protocol 23 upgrade.

The scheduled modernization, set for Sept. 3, is expected to enhance scalability and accelerate transaction speeds, prompting several exchanges to adopt stability measures during the transition.

XLM traded in a narrow band between $0.36 and $0.37 in the 24 hours leading up to the upgrade, with volume spikes coinciding with tests of resistance at the upper end of that range.

Despite multiple attempts to break through $0.37, selling pressure kept prices capped, while strong support formed at $0.36. Analysts suggest this consolidation reflects institutional accumulation, with market participants watching closely for a decisive breakout.

The final hour of trading before the suspension saw heightened volatility, with XLM briefly touching $0.37 before slipping back to $0.36. The price action underscores the network’s importance in cross-border payments and the growing institutional focus on digital asset infrastructure.

Broader momentum is also being fueled by rising interest in central bank digital currencies (CBDCs) and enterprise blockchain adoption, including partnerships involving Hedera.

With Stellar’s Protocol 23 upgrade underway, traders are eyeing two critical levels: the $0.45 resistance, which XLM has failed to clear on four separate occasions since June, and the $0.30–$0.32 support zone, seen as a potential accumulation area. Market observers say the outcome of the upgrade could dictate whether Stellar finally breaks through its ceiling or retreats to rebuild support at lower levels.

XLM/USD (TradingView)

Principal Technical Indicators

Price Parameters: XLM traded within a $0.36-$0.37 corridor during the 24-hour period with 3% aggregate volatility.
Volume Assessment: Peak trading activity of 28.91 million during resistance examination at the $0.37 threshold.
Support/Resistance Dynamics: Robust resistance established at $0.37 with support maintaining integrity around $0.36.
Breakout Configurations: Multiple unsuccessful attempts to sustain valuations above the $0.37 resistance threshold.
Institutional Participation: Volume surges coinciding with key technical levels suggest accumulation patterns amongst sophisticated market participants.

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September 4, 2025 0 comments

Figure Technologies CEO Mike Cagney (CoinDesk archives)

NFT Gaming

DOGE/BTC Triangle Breakout Flags Potential Rally if $0.22 Resistance Clears

by admin September 3, 2025

News Background

DOGE swung 4% intraday between $0.207 and $0.215 in the 24h session from Sept. 2 at 02:00 to Sept. 3 at 01:00.
Trading volume surged to 949M, about 21% above weekly averages, signaling strong market participation.
ETF speculation remains a catalyst: Polymarket odds of DOGE ETF approval rose to 71% from 51% ahead of October deadlines.
Broader macro backdrop supports risk flows: traders now price in four Fed rate cuts by year-end, starting September.

Price Action

DOGE opened near $0.211 and closed at $0.213, up about 1% despite sharp intraday swings.
Midday selloff (12:00 GMT) pushed price to $0.207, with 811M tokens traded on the decline.
A recovery phase into 21:00 GMT lifted DOGE to $0.215, backed by 949M tokens across the rally.
Final-hour action (01:50–02:00) saw a 2% spike from $0.21 to $0.22 on 21M tokens, showing late-session buying interest.

Technical Analysis

Support: $0.207–$0.210 held multiple times with high-volume demand.
Resistance: $0.215–$0.220 capped upside moves across repeated tests.
Momentum: Short-term momentum gauges tilted positive after the recovery; RSI near neutral range but rising.
Patterns: Descending triangle on DOGE/BTC pairs broke upward, flagged by CryptoKaleo, pointing to potential continuation if $0.22 clears.
Volume: 21% surge above weekly averages confirms strong participation, likely institutional plus retail dip-buying.

What Traders Are Watching

A clean breakout above $0.22 to open $0.25–$0.30 upside range.
Whether $0.21 base continues to hold under pressure; a breakdown reopens $0.20 test.
ETF speculation flows and Fed policy shifts as near-term catalysts.
Whale behavior — if accumulation sustains during consolidation, bias leans bullish.

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September 3, 2025 0 comments

Crypto Trends

BNB Slips Below $860 as Resistance Holds and Traders Brace for U.S. Jobs Data

by admin September 1, 2025

The price of BNB saw sharp intraday swings over the past 24-hour period as it continued to drop from an all-time high of $900 seen late last month.

Over a 24-hour window, the asset traded between $849.88 and $868.76, a 2% move that began with bullish momentum but ended with signs of fatigue near resistance.

The volatility follows filings with the U.S. Securities and Exchange Commission by REX Shares late last month, along with the rise of BNB-focused treasury firms. The latest, B Strategy, aims to hold up to $1 billion worth of BNB with backing from the investment firm led by Binance co-founders Changpeng Zhao and Yi He.

While BNB failed to hold on to its gains from earlier, underlying network activity surged. Daily active wallet addresses on BNB Chain more than doubled, climbing to near 2.5 million according to DeFiLlama data.

Yet, transaction volumes have been dropping steadily since late June, data from the same source shows. BNB’s price drop also comes ahead of key economic data from the U.S. this week, including surveys of manufacturing and services and August payroll figures.

Jobs data could influence the odds of the Federal Reserve cutting interest rates this month. As it stands, the CME’s FedWatch tool weighs a near 90% chance of a 25 bps cut, while Polymarket traders put the odds at 82%.

Technical Analysis Overview

BNB entered the session with a surge from $860.30 to $868.08, but the rally quickly lost steam. Heavy selling pressure emerged around the $867–$868 level, a zone that has now established itself as a key resistance ceiling, according to CoinDesk Research’s technical analysis model.

Volume surged during this attempt, peaking at 72,000 tokens, well above the average of 54,000, indicating a high level of participation during the failed breakout.

After the rejection, BNB retraced toward the $850–$855 range, where buying interest emerged. This was most visible as the token dipped to $851.40, triggering a volume spike. This response pointed to solid demand at these lower levels.

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September 1, 2025 0 comments