us-business

Ethereum is about to enter into a new week, coming off of a week of interesting price action that saw it trading at its highest price levels since 2021. On one hand, the Spot Ethereum ETFs that had driven billions in inflows have just recorded their first daily outflow in over a week. On the other hand, order-book data shows a towering sell wall at $4,800 that could be described as Ethereum’s “final boss,” the level that could unlock a parabolic run if broken. ETF Inflows Break: Sentiment Cooling Down? The optimism around Ethereum’s rally cooled just as the week came to a close. Notably, US-based Spot ETH ETFs reported net outflows of $59.34 million on August 15, effectively ending an eight-day streak that had added $3.7 billion in inflows.  The reversal came just as Ethereum failed to clear $4,788, a level within 3% of its all-time high of $4,878, before slipping back to about $4,450. Although BlackRock’s ETHA stood out with $338.09 million in daily inflows, Grayscale’s ETHE and Fidelity’s FETH registered notable withdrawals of $101.74 million and $272.23 million. Total Ethereum Spot ETF Net Inflow: SoSoValue Speaking of Ethereum failing to clear $4,788, on-chain data shows a huge cluster of liquidity around this level. Particularly, Merlijn The Trader described the $4,800 as the “final boss” for ETH, pointing to billions in sell orders stacked at that level on Binance’s ETH/USDT pair. A liquidity heatmap shows a massive concentration of asks in this zone. According to the analyst, breaking above this level could unleash open skies for Ethereum. As long as this level is filled with more asks, there’s a possibility of it acting as a resistance for any upward move. However, clearing this fortress with enough buy volume would not just be a technical breakout but a psychological one, with the potential to push its price to new all-time highs. Image From X: Merlijn The Trader Bearish Retracement Scenario Although the liquidity narrative is currently leaning more towards a bullish breakout than bearish, another analysis from TradingView paints a more cautious picture. The analysis, which is based on the 4-hour candlestick timeframe chart, also identifies the $4,700 to $4,800 region as a supply-heavy resistance where Ethereum has already shown signs of exhaustion after an aggressive rally from early August.  ETHUSD now trading at $4,544. Chart: TradingView However, multiple technical alignments, such as Break of Structure signals, fair value gaps (FVG), and Fibonacci retracements, show that Ethereum may be due for a retracement. The trade plan outlined anticipates an entry around $4,440, with a stop loss above $4,790 and a downside target of $3,375 at a strong support area. This would imply a corrective move of over 20% if the bearish projection plays out. Chart Image From TradingView At the time of writing, Ethereum was trading at $4,465. Featured image from Unsplash, chart from TradingView Read More

The Bitcoin price has been on an interesting trajectory over the past few weeks, setting new all-time highs along the way. More recently, the premier cryptocurrency surged to a new all-time high above the $124,100 mark. The Bitcoin price has since succumbed to significant bearish pressure, hovering around the $118,000 region for most of the weekend. A prominent crypto trader on the social media platform X has identified levels that could be pivotal to the coin’s future trajectory. $117,500 And $114,500 Are Next Support Levels: Glassnode Data In a recent post on the X platform, crypto analyst Ali Martinez pinpointed two support levels that could prove crucial to the Bitcoin price’s movements over the next few days. This evaluation is based on the cost-basis distribution of the Bitcoin supply. Martinez highlighted the cost basis distribution (CBD) metric, which looks at the average cost basis of the total Bitcoin supply within various price brackets. As observed in the chart below, the CBD metric utilizes a heatmap with fixed price bracket levels (on the vertical axis) over a specific period (on the horizontal axis). Source: @ali_charts on X The CBD chart shows that there is a significant cluster of investor cost-basis distribution around the $117,500 and $114,500 Bitcoin price levels. This basically indicates the presence of several investors who likely purchased their coins around these price regions. According to data from Glassnode, 72,900 BTC and 56,201 BTC were acquired from around the $117,500 and $114,500 levels, respectively. Martinez earmarked these $117,500 and $114,500 levels as the next critical support zones for the market leader. These price regions could act as support cushions because investors—who have been in the green—are likely to defend their positions by buying more coins when the Bitcoin price returns to their cost bases; and this fresh buying activity could then help keep the price afloat. It is worth mentioning that the Bitcoin price could be at risk of a severe correction if it breaks beneath the $114,500 support, as no major price cushion seems to be in sight. Bitcoin Price Overview As of this writing, the price of BTC stands at around $117,600, reflecting no significant movement in the past 24 hours. This past-day action mirrors the current indecisiveness in the world’s largest market. According to CoinGecko data, the flagship cryptocurrency is up by a mere 0.7% in the last seven days. The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView Featured image created by Dall-E, chart from TradingView Read More

Bitcoin’s price rally has hit turbulence over the past 48 hours, and this has opened the door for bearish voices to resurface. After reaching a fresh high of $124,128 just three days ago, the leading cryptocurrency has since declined by about 4.8%, sliding back to the $117,000 to $118,000 price zone at the time of writing. This pullback has opened up a possibility that the much-anticipated macro top may already be in, and further downside may be possible if there is a lack of bullish momentum. Analyst Maps Out Bearish Bitcoin Wave Structure Bitcoin showed signs of building on in early August after bouncing off a low around $112,000. However, after its latest high at $124,128, sellers quickly stepped in, pulling the price down. The decline has been accompanied by fading short-term momentum. Although it might be too early to conclude, relative strength index (RSI) readings are starting to point to a bearish divergence on the 4-hour candlestick timeframe chart. Taking to the social media platform X, crypto analyst CasiTrades outlined what they believe could be the start of a larger ABC corrective structure for Bitcoin. According to the projection, Bitcoin may be entering Wave A, which consists of a five-wave corrective structure that could send the price to as low as $77,000 at the macro 0.382 Fibonacci retracement.  The roadmap of this price crash envisions an initial Wave 1 drop to $112,000, a brief Wave 2 recovery back to $120,000, and then another Wave 3 decline into the $89,000 range. After this, the next step is a Wave 4 retest break of $100,000 before reversing into Wave 5, which brings the ultimate Wave A bottom at $77,000. Chart Image From X: CasiTrades The accompanying chart posted by the analyst shows the wave counts with subwave precision. Interestingly, the analyst also pointed out that the ultimate macro target for the end of this correction is at $60,000, right at the golden 0.618 Fibonacci retracement. This is at the macro level and can only come to fruition if the ABC corrective waves play out to completion. Bitcoin is currently trading at $117,079. Chart: TradingView A Bearish Tone Amidst Bullish Predictions This analysis introduces a sobering counterpoint at a time when many forecasts continue to paint Bitcoin as being on track for $150,000 and beyond. Even though strong institutional inflows and technical milestones, such as the realized price flipping above the 200-day moving average are bullish indicators, the bearish scenario from CasiTrades could still be valid.  If Bitcoin fails to reclaim bullish momentum, the current correction could change into something deeper, making the $124,000 high not just a pause but the macro top of this cycle. Although many cryptocurrencies have largely followed Bitcoin’s movements this cycle, CasiTrade’s analysis isn’t a bearish case for the entire crypto market. According to the analyst, if this bearish case plays out, it could cause the long-discussed capital rotation out of Bitcoin and into large-cap altcoins, some of which may surge to new all-time price highs even as Bitcoin retraces. At the time of writing, Bitcoin was trading at $118,203. Featured image from Unsplash, chart from TradingView Read More

Please enable JS and disable any ad blocker Read More

Please enable JS and disable any ad blocker Read More

Please enable JS and disable any ad blocker Read More

Please enable JS and disable any ad blocker Read More

Please enable JS and disable any ad blocker Read More

Investors are rethinking meme coin bets as money shifts toward tokens that solve real problems. Dogecoin and Shiba Inu once dominated retail portfolios, but flows now favor projects with product roadmaps, audits, and clear listing plans. Remittix has grabbed attention after a huge run this year, drawing capital that prefers payments utility over viral pumps. Trading desks and whale wallets show less tolerance for pure hype, so many portfolios are swapping speculative positions for tokens built to handle real payment needs and merchant use cases. Dogecoin Holds Nostalgia But Loses Real Usage Dogecoin continues to resonate with its nostalgic roots and community energy, trading near $0.21. However, its movement remains highly sentiment-driven, sporting wild rallies and swift declines. Analysts report that attention is drifting, holders are watching meme cycles, but are wary of long-term stagnation. Portfolio rotations toward more functional tokens suggest Dogecoin’s time as a core holding may be fading. Shiba Inu Shows Engagement But Lacks Stability Shiba Inu coin price remains a social media darling, hovering at just $0.0000129, buoyed by burn events and meme-based hype. Even so, its value largely tracks community chatter. When the hype dims, so do its gains; many investors now temper Shiba Inu’s appeal with the search for crypto projects that offer utility and stability. Shiba Inu’s community keeps the coin visible, yet its place in balanced portfolios is under pressure. Burn events and social rallies still spark volume, but those spikes often tie to short-lived chatter rather than steady uptake. Remittix Combines Utility With Explosive Growth Remittix is rapidly becoming the go-to option for those moving beyond memes. RTX trades at $0.944, has surged over 500 %, with 604 million tokens sold, and over $19.8 million raised. An exchange listing awaits once $20M in funding is reached, cementing its next growth phase. The token focuses on real payment utility with: Wallet beta launch Q3 2025, offering FX conversion $250,000 giveaway to boost adoption Crypto-to-bank transfers in more than 30 countries CertiK audit ensuring security and trust Whale accumulation is building ahead of a centralized exchange listing Remittix blends execution, adoption, and buzz into one package, a shift from nostalgia to strategic value. Real Adoption Beats Meme Volatility Markets show that meme-centric assets like Dogecoin and Shiba Inu often trail in long-term returns when compared to real-world utility tokens. Remittix moves beyond hype, giving crypto investors a tangible financial tool, not just a cult favorite. That kind of depth is attracting portfolio rebalancing across the board. This year, whales and investors have pivoted their capital toward functional assets like Remittix. While Dogecoin and Shiba Inu remain well-known, Remittix’s rapid growth, operational wallet launch, and practical PayFi infrastructure make it the standout altcoin choice. That sets it apart in portfolios and returns. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content. Read More

XRP has held steady for months, but that may soon change. Following months of sideways action, it is gaining traction towards what could be its largest swing in years. Analysts are being ambitious and have a bullish price target of between $10 and $15, which would be a huge leap from the current level. XRP has remained in a 256-day consolidation period. Investors who were holding during quiet months are eagerly awaiting the next wave. The long-term consolidations tend to make price action sluggish, ranges narrow, and conditions present for big breakouts. Institutional money is now circling, waiting to pounce in the event that confirmation is achieved. According to Ali Martinez, the November 2024 breakout pattern may drive XRP to the price of $12.60. The current price of XRP is approximately $3.10. Since then, XRP has rallied more than 700%, yet it has yet to rewrite its ATH of $3.84. In July, XRP touched $3.66 before dipping to $2.72 in early August. It has since climbed back above $3 and stayed there for over a week, suggesting stability before the next possible push. The SEC recently dropped its case against Ripple, which gave the market more confidence. Bloomberg analysts now believe there’s a 95% chance of an XRP spot ETF approval this year. The ETF will simplify the purchase of XRP by money managers. Institutional investors might start flooding in so long as large banks continue to utilize the Ripple On-Demand Liquidity (ODL) feature to transmit cross-border payments in real time and at a low cost. Momentum indicators are holding up, and traders believe that XRP will continue to rise in the near future. Polkadot and Stellar Position for Gains Polkadot is making steady progress as everyone is discussing XRP. The platform is introducing new cross-chain features that can broaden the target audience. Stellar, on the other hand, is digging further into the remittance market with speedy, low-cost XLM transfers that could kickstart some interest in that coin. Both DOT and XLM are gaining interest from traders looking beyond the biggest cryptocurrencies for potential upside. MAGACOIN FINANCE is emerging as one of the hottest presales of the year. Analysts say allocation is tightening quickly ahead of a potential whale accumulation surge. With a focus on cycle-based strategies and high-return potential, the project is drawing early buyers who want strong upside before listing day. Many believe it could be one of the most talked-about launches in the coming months. Final Take Ripple (XRP) could be close to demonstrating its real strength. Technical signals and market forces are currently aligning to make a significant move. Polkadot and Stellar are also moving forward in a strategic capacity. MAGACOIN FINANCE has attracted the most attention as traders gear up for the next market rally. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content. Read More