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Shiba Inu Bulls Defend Dual Support With 1T Volume

by admin August 21, 2025

Shiba Inu

has gained over 2% in the past 24 hours, with bulls defending key support levels on the back of strong volumes.

The meme cryptocurrency fell early Wednesday as BTC and the broader market witnessed de-risking ahead of Fed Chair Jerome Powell’s impending speech.

Buyers, however, stepped in closer to the $0.00001200 level, ensuring that the psychological support was maintained. The subsequent recovery also lifted prices back above the ascending trendline connecting June 22 and Aug. 2 lows, and the key level of $0.00001231, which is the 61.8% Fibonacci retracement of the June-July rally.

SHIB. (TradingView)

Bulls fuel SHIB comeback

SHIB shakes off volatility, powers from $0.000012295 to $0.000012574 close on heavy bullish flow. Token holds critical support, smashes through resistance barriers. Next target: $0.000012700 psychological level.

According to CoinDesk’s AI technical insights model, $0.000012700 is the next level to beat for the bulls.

Technical data points to a bullish breakout

SHIB traded within a $0.000012089-$0.000012705 range, which represents a 5% spread between session extremes.
Institutional interest peaked between 13:00 and 14:00, andvolume surged past 1 trillion tokens.
The price held above $0.000012250, confirming a strong demand floor.
Mid-session selling pressure at 13:00 failed to crack $0.000012089 support.
Resistance at $0.000012600 was penetrated, triggering a volume surge to 12.8 billion tokens.

CD20 Index Holds Steady Amid Token Volatility

CD20 maintained range-bound trading as SHIB volatility spiked. The Index reflected institutional selectivity across major crypto holdings, with the broader market confidence persisting despite individual token swings and near-term uncertainty.

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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August 21, 2025 0 comments

Crypto Trends

Trump’s Crypto ‘Conflicts of Interest’ Are ‘Blocking’ Dem Legislation Support, Top Lawmaker Says

by admin August 21, 2025

JACKSON HOLE, Wyo. — Despite growing bipartisan efforts to bring clear regulation to the digital asset industry, one main issue that stands in the way of passing legislation in the U.S. is President Donald Trump and his family’s actions in the sector, according to Rep. Angie Craig (D-Minn.)

“It’s no secret that my side of the aisle would prefer not to see any sitting President — I won’t name one — participating in this market while a sitting president unless those assets are in a sealed trust,” Craig said on stage at the SALT conference in Jackson Hole on Wednesday.

Trump, as well as his family, particularly Eric Trump, who was present at the venue during Craig’s appearance, have both built businesses in the industry, particularly since Trump retook office this past January.

Trump has issued several meme coins tied to his name and his social media platform, Truth Social, has applied for several exchange-traded funds. Eric Trump co-founded American Bitcoin, a mining company owned by Hut 8.

Craig, who was joined by Rep. Bryan Steil (R-Wi.), spoke on the Digital Asset Market Clarity Act which the House passed with a massive bipartisan vote last month. The Senate Banking Committee is working on its own version of crypto market structure legislation.

While the majority of Republicans are in favor of the bill, many Democrats remain skeptical, and a big reason for that is the Trump family’s involvement in the industry, Craig said.

“The elephant in the room here is the President’s family’s participation in this marketplace and that’s a stumbling block to get more Democrats to support the legislation,” she said.

Craig said that while there is some language in the legislation that limits this conflict of interest, a stronger tone is needed to convince some lawmakers.

“If we could find some language that would allow or prevent conflicts of interest to occur, from our perspective, I think you would see a whole lot more Democrats support it,” she said.

Craig is the ranking member on the House Agriculture Committee, meaning she is the leading Democrat on that committee. This isn’t the first time she’s referenced the Trump family’s crypto tie-ups — during a committee hearing in June on the Clarity Act, she said his crypto actions were “making this debate more difficult” and suggested that Congress should add restrictions on how the U.S. president can trade in markets overseen by the CFTC, including crypto.

Despite her comments, Craig still voted to advance the Clarity Act without any such language being added.

Join the crypto policy conversation Sept. 10 in D.C. — Register now for CoinDesk: Policy & Regulation.

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August 21, 2025 0 comments

GameFi Guides

XRP holds $2.80 support as bullish retest signals potential new highs

by admin August 21, 2025

XRP has retraced into the $2.80 support zone, a level reinforced by the 50-day moving average and value area high. Strong bullish volume suggests the current retest could pave the way for another push toward record highs.

Summary

$2.80 support aligns with 50-day MA and value area high.
Current bounce indicates a bullish retest of structural support.
Above-average bullish volume confirms demand, supporting potential breakout to new highs.

The significance of $2.80 cannot be understated for Ripple (XRP). Not only is it a high-time frame support, but it also represents a zone of heavy traded volume. This overlap of structural support and value area positioning makes the level a prime candidate for accumulation.

Key technical points:

$2.80 High-Time Frame Support: Reinforced by the 50-day moving average and the value area high.
Bullish Retest in Play: Current price action shows resilience, maintaining higher highs and higher lows.
Volume Confirmation: Above-average bullish volume signals strong demand and market interest.

XRPUSDT (1D) Chart, Source: TradingView

From a structural perspective, XRP continues to maintain its bullish trajectory. Since reclaiming the point of control earlier this year, the token has enjoyed a series of higher highs and higher lows, a textbook indicator of bullish momentum. The present bounce off $2.80 highlights that the broader trend remains intact despite short-term corrections.

The role of volume at this stage is particularly important. Healthy bullish volume has been observed as price consolidates above the $2.80 mark, indicating that buyers are active and committed at this level. Sustained volume inflows suggest that the correction was less about a breakdown in market structure and more about a technical retest of support. This makes the bounce even more convincing for traders watching closely.

It is worth noting that XRP does not need to immediately break higher from current levels to remain bullish. A period of consolidation above $2.80 would allow the market to establish a firmer base and potentially trap weak sellers before moving higher. Such sideways action is common in bullish markets and often precedes the next impulsive leg.

What to expect in the coming price action

As long as XRP continues to hold above $2.80 with multiple daily closes, the structure remains bullish. Sustained volume and market demand increase the probability of continuation, with a move beyond the swing high likely to open the door for new all-time highs. The current retest is a critical juncture, if buyers maintain control, XRP could soon enter its next phase of bullish expansion.

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August 21, 2025 0 comments

GameFi Guides

Bitcoin Holds $113K Support, Can BTC Break Above $117.5K?

by admin August 21, 2025

The largest crypto asset by market capitalization, Bitcoin (BTC) is currently trading at $113,132 and showing resilience despite facing selling pressure in recent trading sessions.

The bulls are aggressively defending the price zone above $110,000, keeping the long-term view of a bullish movement as price action has formed a down-sloping channel pattern.

As the technical indicators point to the possible momentum and strong support areas hold, will investors witness a major price action in the price of BTC?

BTC ETF Shows Strength Despite Recent Outflows

With notable volatility in inflow and outflow of funds, the on-chain data shows a trend pattern. During the last month, Bitcoin experienced high purchase and intense selling activities especially during the close period of August where outflow peaked.

Despite recording 3 consecutive days of outflow, the overall net assets are at a high level of $146.18 billion, indicating confidence of long-term holders in the crypto market. Notably, trends of this nature are often recorded prior to large movements in price as the amount of liquidity in and out of the market shifts during this period.

Bitcoin Forms Strong Support At $112,000?

When looking at the chart from TradingView, Bitcoin moved within a dropping channel on the 4-hour time frame after it witnessed a major rejection around the $120,000 level. This type of structure hints at a short-term fix, but in the larger picture, it is considered bullish.

Overall, the structure suggests the favor of the accumulation, and traders impatiently wait for confirmation of a divergence of the trend to upside to start a sizable leg higher.

The MACD (Moving Average Convergence Divergence) is displaying indications of leveling off as it has approached the signal line, necessarily pointing to a possible change in the pace toward the positive side.

In the meantime, the volume of trades is going down and this can be the beginning of a good directional move. Exponential Moving Averages (EMA) are also showing positive setup to support the upward direction. If the rebound sustains enough to push price above 20-day EMA, a range bound action between the 20-day and 500-day EMA, which are currently at around $114,800 to $116,800 respectively.

Moreover, with the 50-day & 200-day trendlines showcasing a bullish convergence, the trend suggests a rising momentum.

Bitcoin Micro Cycle Risk, Source: Willy Woo/X

Despite dropping to $112,500 from a top of around $124,500, the Micro Cycle Risk (MCR) signal line is easing. This suggests that the investor’s liquidity is returning in the market. If this trend continues, the bitcoin price may record a potential upward price action shortly.

According to on-chain data from glassnode, over 20,000 BTC held for less than 155 days were sold at a loss in the past week, with loss-taking peaking on Tuesday with 23,520 BTC sent to exchanges.

A move out of the channel and a successful retest at $117,500 would confirm the resumed bullish stance and an entry into $120,000 and potentially $124,500.

Considering the Bitcoin chart, the nearest support stands at $112,000. This price point plays an important role as historically the demand has constantly increased at this point.

Also Read: Crypto Market Structure Bill to Hit Trump’s Desk Before Year End

Disclaimer: The Crypto Times does not endorse or promote this digital asset in any manner. This article was created only for educational purposes. Make sure to “DYOR” as the market is highly volatile. New positions should be done by traders being careful and awaiting volume-backed breakouts.

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August 21, 2025 0 comments

Crypto Trends

Crypto Advocacy Groups Double Down On Support Of Prospective CFTC Chair

by admin August 20, 2025

Several cryptocurrency and blockchain associations advocating for the industry are pushing for a “prompt confirmation” of Brian Quintenz as chair of the US Commodity Futures Trading Commission (CFTC).

In a Wednesday letter to US President Donald Trump, representatives from several crypto organizations reiterated their support for Quintenz’s confirmation in the Senate following the president’s nomination.

Signatories included the Crypto Council for Innovation, Blockchain Association, Decentralization Research Center, DeFi Education Fund, The Digital Chamber, Satoshi Action Fund and Solana Policy Institute

The advocacy organizations argued that Quintenz was “exceptionally well-suited” to head the CFTC in part due to his experience with and understanding of digital assets.

After being nominated to chair the agency in February, he was referred to the Senate Agriculture Committee, which delayed a vote days before the chamber was scheduled to break for an August recess.

The committee said that the delay came following a request from the White House. An August report also suggested that Gemini co-founders Cameron and Tyler Winklevoss pressed Trump to reconsider Quintenz’s nomination, claiming he would not fully enact the president’s crypto agenda as CFTC chair.

Wednesday letter to Donald Trump. Source: Crypto Council for Innovation

“As the Presidential Working Group on Digital Asset Markets Report clearly articulated, the CFTC has many critical, complex, and nuanced goals ahead of it, including working with Congress to establish a comprehensive federal market structure framework with appropriate oversight of digital asset commodities, in order to advance your Administration’s agenda,” said the letter, adding that:

Installing a permanent Chairman to the CFTC is absolutely critical to realizing these goals […]”

Quintenz previously served as a CFTC commissioner under Trump from 2017 to 2021, having been nominated by former US President Barack Obama in 2016.

Related: Trump’s CFTC chair pick won’t push president for bipartisan commission

Financial regulator facing a staff exodus

Even if Quintenz’s confirmation were to move quickly through the Senate once the chamber returns from recess on Sept. 3, the regulator still has vacancies that could slow its work related to crypto and otherwise. Currently, the five-member panel of commissioners is staffed only by acting CFTC Chair Caroline Pham, and Commissioner Kristin Johnson.

Commissioners Summer Mersinger and Christy Goldsmith Romero, as well as former chair Rostin Behnam, departed the CFTC earlier this year. Johnson said she would leave before 2026, and Pham said she planned to move to the private sector if Quintenz were nominated, suggesting that the prospective chair could be the sole voice until Trump picked other candidates to staff the agency.

In a statement to Cointelegraph, a representative for the Crypto Council for Innovation highlighted the need to confirm CFTC leadership amid the two-commissioner panel, no permanent chair, and pending legislation for crypto market structure.

Senator Cynthia Lummis, one of the lead voices pushing for the chamber to pass market structure, said the bill — which could clarify the roles the CFTC and Securities and Exchange Commission will have over crypto — will be signed into law before 2026.

Magazine: Bitcoin’s long-term security budget problem: Impending crisis or FUD?

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August 20, 2025 0 comments

GameFi Guides

why $0.35 support can spark a reversal

by admin August 20, 2025

Pi Network price has been locked in a prolonged downtrend, but price action is now pressing into a major high-timeframe support at $0.35. A potential double-bottom structure and early signs of accumulation could pave the way for a rebound toward $0.70.

Summary

Price consolidates at $0.35–$0.33 support with potential double-bottom formation.
Point of Control and 50-day MA must be broken to confirm reversal.
Uptick in bullish volume suggests early accumulation phase.

Pi Network’s (Pi Network) token continues to trade within a clear bearish structure, marked by consecutive lower highs and lower lows. However, the market may be approaching a critical turning point as price consolidates around the $0.35–$0.33 support zone, which aligns with the value area low. This level has held through multiple retests, suggesting the potential for a bottoming structure to form if buyers step in with conviction.

Key Technical Points

$0.35–$0.33 Support Zone: High-time frame support and value area low holding firm.
Potential Double Bottom: A bounce from support may form a reversal base.
Point of Control Resistance: A breakout above this level is needed to confirm a higher high.

PINETWORK (1D) Chart, Source: TradingView

From a structural perspective, this is a prime location for Pi Network to carve out an accumulation phase. An accumulation period typically develops when price trades sideways at a key support, absorbing selling pressure before staging a breakout. Confirmation will require not only holding the $0.35 region but also breaking the ongoing downtrend by establishing a higher high above the most recent rejection point.

The 50-day moving average remains another key level to watch. Price has consistently struggled beneath this dynamic resistance since losing the value area high. A decisive daily close above the 50-day MA would be an important sign of a trend reversal, indicating that momentum is shifting back in favor of buyers.

Volume analysis also provides cautious optimism. Recent sessions have seen a notable uptick in bullish activity, though sustained above-average volume is still required to confirm strength behind the move. If accumulation persists at current levels, coupled with increased participation, the path toward $0.70 resistance becomes increasingly probable.

What to expect in the coming price action

Pi Network remains in a fragile technical state, but the confluence of support around $0.35 and emerging bullish signals hints at a possible bottoming scenario. A clean break of the downtrend and a higher high would set the stage for a recovery toward $0.70. Until then, the market is likely to consolidate in this accumulation range as buyers and sellers battle for control.

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August 20, 2025 0 comments

Crypto Trends

Unimpressive Bounce Maintains Risk to Support Around $112K

by admin August 20, 2025

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin

bulls are attempting to establish an interim low around $113,000, but the effort appears weak in terms of both price and volume. So far, the bounce has been barely notable, with upside capped above $114,000. Additionally, volumes have stayed low relative to what we observed during the early Tuesday drop, as seen on the hourly chart.

BTC’s hourly chart. (TradingView)

The weak bounce is consistent with bearish momentum signals, as the 50-, 100-, and 200-hour simple moving averages (SMAs) are aligned in descending order and trending downward.

On the daily chart, prices have convincingly broken below the rising trendline support, signaling a shift from bullish to bearish momentum. Both the longer-term MACD histogram (50,100,9) and the more commonly used MACD (12,26,0) are showing increasing negative momentum, with deeper bars below the zero line.

BTC’s daily chart. (TradingView)

Therefore, the odds appear to be stacked in favor of a continued move lower. The first level of support is $11,982, from which the market turned higher on Aug. 3. The 100-day SMA is seen at $11,053. If these levels are taken out, the focus would shift to the 200-day SMA at $100,484.

A convincing move above the 50-day SMA at $116,033 would negate the bearish outlook.

Resistance: $116,033, $120,000, $122,056.
Support: $111,982, $110,053, $100,484.

Read more: Markets Today: Bitcoin, Ether Recover From Lows Before FOMC Minutes

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August 20, 2025 0 comments

Game Reviews

Nvidia’s native support for Logitech racing wheels for GeForce Now has me excited for sim racing on a budget

by admin August 20, 2025

Nvidia has announced a huge raft of changes and improvements to their GeForce Now cloud gaming service as part of their Gamescom 2025 announcements, but it’s actually one of the smallest sections that has me most excited.

As part of their extensive press release covering exciting updates such as RTX 5080 power for GeForce Now Ultimate subscribers and the ability to play games at up to 5K2K 120fps on supported screens, one of the footnotes near the bottom mentions the following:

Support for popular peripherals also grows, with native support for many Logitech racing wheels offering the lowest-latency, most responsive driving experiences.

That’s right, folks – GeForce Now now has native support for Logitech G29 and G920 racing wheels for playing the service’s selection of sim racing titles, granting important force feedback and more analogue controls versus a mouse-and-keyboard setup or even a controller. Indeed, this has been quite the popular request on forums for a number of years, so it’s pleasant to see Nvidia respond.

At a recent Gamescom event, deputy tech editor Will and I had the chance to go hands-on with a demo rig Nvidia had set up (pictured above) using a budget Logitech G920 wheel on a proper cockpit playing arcade racer The Crew Motorfest. It perhaps wasn’t the most hardcore sim racing setup in terms of game or gear, but it was still an effetive demo that proved out the concept.

I didn’t have any issues with the gameplay experience, in terms of stutters or input latency, and was largely impressed by what’s become possible with the cloud gaming space. Of course, with the venue in Cologne offering gigabit speeds to a regional data centre, it’s easy to see this as a best-case scenario that will have to be borne out in real-world testing on less capacious connections. The main thing was that the game’s force feedback was present and correct, whether I was drifting around roundabouts, running up the highway, or crashing off-road. Having used the G29 and G920 for several years at home, the cloud version didn’t feel any different.

Wheels such as this Logitech G29 are natively supported in GeForce Now.

The big thing for me is that it involved no computational power from the host device itself – in this instance, it was some form of small Minisforum mini PC, but Nvidia also had games running natively on LG TVs (4K 120fps with HDR is now accessible on 2025/2026 LG TVs with the new GeForce Now update) or off an M4 Mac Mini. Theoretically, this means all you need is a wheel, some kind of computer or device with support for the wheel, and a GeForce Now subscription, and you can be up and running – no need for a dedicated gaming or living room PC.

Of course, that is the whole point of cloud gaming, but it adds another string to your bow if you’re a current GeForce Now subscriber and you’ve felt the lack of a proper racing experience has been a sore miss. In addition, if you’ve already got a Logitech wheel from years ago and you want to jump into sim racing without the faff of a PC and such, then you can pay the subscription, and away you go.

An Nvidia representative told me that the technical difficulty was passing through effects such as force feedback in respective games over the cloud, while the reason they chose Logitech peripherals initially was due to the convenience of their G Hub software in part, which is running in a compatibility layer of sorts to get the wheels to work. They also chose Logitech because of the wide range of wheels they do, with the G29 and G920 being the only supported models at present, with more wheels to be supported in the future.

Before I go, I’ll provide a quick rundown of the other key additions for GeForce Now:

Implementation of Blackwell architecture – RTX 5080 is now the ‘Ultimate’ tier, bringing DLSS 4 MFG and so on, plus streaming at up to 5K 120fps.
‘Cinematic Quality’ mode for better extraction of fine detail in areas where the encoder would previously struggle.
More devices supported with native apps, including Steam Deck OLED at 90fps (to match the refresh rate), plus some 2025+ LG TVs at 4K/120fps.
Support for 1080p/360fps and 1440p/240fps streams for competitive esports title, involving Nvidia Reflex and sub 30ms response times. (We saw 17ms figures in Overwatch 2, for example.)
A GeForce Now installation of Fortnite integrated into the Discord app, providing a limited-time trial of GeForce Now’s 1440p ‘Performance’ tier, requiring only connection between an Epic Games and Discord account.
‘Install to Play’ feature in GeForce Now app, which more than doubles the playable titles to some 4500, giving access to over 2,000 installable games through Steam alongside Nvidia’s fully-tested ‘Ready to Play’ games. Installs must be repeated each session, unless you pay for persistent storage in 100GB+ increments.

It’ll be fascinating to see whether Nvidia continues to expand their peripheral support over time, as I’m sure flight sim fans could also benefit from a cloud-streamed version – especially with the CPU and GPU requirements that Flight Sim 2020 and 2024 entail.

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August 20, 2025 0 comments

NFT Gaming

Internet Computer Faces Fresh Selling as Support Zone Comes Under Pressure

by admin August 19, 2025

Internet Computer Protocol (ICP) drifted downward over the past 24 hours, shedding 2.35% to trade at $5.18.

The token moved within a $0.23 band between $5.14 and $5.40, reflecting a 4% swing that underscored the persistent volatility shaping current market conditions, according to CoinDesk Research’s technical analysis data model.

An advance to the resistance level of $5.40 was quickly met with distribution as ICP settled back toward its established support corridor around $5.17–$5.20. Trading saw substantial accumulation activity, with volumes surpassing 643,000 units at those levels.

ICP subsequently slipped to $5.19 with repeated resistance at $5.24 forming a descending channel pattern. Short bursts of activity, such as the 34,000-unit spike at 13:54 UTC, were unable to reverse the momentum, leaving the token consolidating at its lows.

ICP could remain under pressure if support at $5.17 fails to hold, which market participants will be observing for any rebound signals as institutional and retail traders reassess their positioning.

Technical Analysis

Price range spanned $5.14–$5.40, a 4% variance across the 24-hour session.
Resistance emerged at $5.40 on August 18 at 22:00 UTC with volume of 294,177 units.
Support consolidated at $5.17-$5.20, with early morning volumes exceeding 643,000 units.
Repeated resistance at $5.24 during late-session trading confirmed a descending channel.
Heavy selling occurred between 13:32–13:46 UTC, with a 34,396-unit spike at 13:54 UTC.
Volume showed a declining pattern, suggesting market exhaustion.

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August 19, 2025 0 comments

Crypto Trends

HBAR Drops 2.5% After Breaking Key Support Levels

by admin August 19, 2025

HBAR saw sharp selling pressure during the latest session, slipping from $0.241 to $0.238 between 13:25 and 14:24 on August 19. An early spike to $0.243 was quickly reversed as heavy selling drove the token through key support levels. A 5.38 million volume surge at 13:32 confirmed the breakdown, before trading activity dried up in the final minutes and HBAR closed near session lows.

Across the 24-hour period from August 18 at 15:00 to August 19 at 14:00, the token declined 2.46%, falling from $0.244 to $0.238. Trading was volatile, with HBAR ranging between $0.249 and $0.237 on volume exceeding 87 million.

Broader market conditions added pressure, as the U.S. Producer Price Index rose to 3.3%, above Federal Reserve forecasts, fueling inflation concerns and contributing to $460 million in liquidations across digital assets.

Despite the turbulence, analysts highlight HBAR’s enterprise-grade infrastructure and corporate partnerships as a foundation for long-term adoption, even as near-term sentiment remains fragile.

HBAR/USD (TradingView)

Corporate Technical Analysis Framework

HBAR exhibited pronounced selling momentum during the last 24-hour period from August 18 at 15:00 to August 19 at 14:00, declining from $0.24 to $0.24, representing a 2.46% decrease with an overall trading range of $0.01 (4.81%).
The digital asset reached its intraday peak at $0.25 during August 18 evening trading before encountering substantial resistance and initiating a sustained decline that persisted through Asian trading session.
Critical support at $0.24 was decisively breached during early morning trading hours on August 19, with high-volume selling pressure confirming the breakdown.
The failure to reclaim this support level despite multiple recovery attempts suggests further downside potential toward the $0.24 support zone.
HBAR’s selling trajectory intensified during the final 60 minutes from August 19 at 13:25 to 14:24, declining from $0.24 to $0.24 with extreme volatility characterized by a dramatic spike to $0.24 at 13:30.

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August 19, 2025 0 comments