• PUMP is currently hovering around the $0.0041 mark.
• There’s a bullish attempt to counter a macro downtrend.

As the first week of September closes, Pump.fun (PUMP) is trading at $0.004195. Buyers have stepped in and defended the $0.0040 zone twice, printing a double bottom and showing that the sellers can’t push through that floor with any conviction.

The neckline likely sits at $0.00455. A clean breakout above that level with volume behind it confirms the double bottom and opens the door toward the projected target at around $0.0052, a crucial move from current levels. Until that breakout is confirmed, the bulls are in a waiting game. 

In the early hours, the asset traded at a bottom of $0.004096. With a shift in momentum, it tested and broke multiple price ranges and gradually drove the PUMP price to a high level of $0.004405. Besides, the 24-hour volume has potentially reached the $147.17 million zone. 

Near-Term Price Levels to Watch for PUMP 

With the negative outlook, the recent trading pattern might slip even deeper and test the key support at the $0.004139 range. Further correction on the downside could likely trigger the emergence of the death cross in the PUMP market, and the bears would send the price below $0.0040. 

On the upside, if the bulls re-entered the market, the asset’s price could instantly rise to its nearest resistance level at $0.004251. Extended bullish pressure might push for the formation of the golden cross. Eventually, it could drive the PUMP price even higher, above the $0.0043 mark. 

Where Will PUMP Take its Current Momentum? 

The Moving Average Convergence Divergence line is slightly above the signal line, while both lines remain below the zero line; it is an early sign of bullish momentum forming within a broader downward trend. The overall background of the PUMP market is still bearish.

Short-term price moving averages are lower than long-term averages, confirming sustained selling pressure. MACD crossing one point above it forms a fresh bullish crossover, showing that buyers are stepping in and driving price up faster than the immediate recent average. This represents a bullish attempt to counter a macro downtrend. 

Moreover, the daily Relative Strength Index reading positioned at 40.93 hints at weak or neutral-bearish territory. The sellers currently hold a slight edge over buyers, with average price losses outperforming average gains over the recent lookback period. 

The asset still has room to fall further before becoming overextended to the downside. A drop toward 40 signals a healthy pullback before the broader trend resumes. If the broader market is already bearish, an RSI staying in the 40–30 range confirms sustained selling pressure without enough buying momentum to reverse direction.

Crypto Market Highlights

Hyperliquid (HYPE) at a Crossroads: $90 Breakout or $80 Breakdown?

• Hyperliquid is currently trading at around $84.
• HYPE’s baseline trend remains overall bullish.

The global crypto market cap is settled at $2.77 trillion, after a 1.2% loss. In line with this, Hyperliquid (HYPE) has posted a modest 1.6% drop in value over the last 24 hours. Moreover, the session’s range falls between $83.64 and $87.31. The asset could have tested key price ranges to confirm the current momentum. 

If the bears stay for a longer period, the price could see more downside. At the time of writing, Hyperliquid traded at around the $84.61 mark, with its market cap at $18.75 billion. Besides, the daily trading volume has reached the $1.164 billion zone, as per CoinGecko data. 

Zooming in on the recent price chart, there is a bearish trait within the pattern. The Hyperliquid momentum could drop to the support at $83.68 if the bears stay stronger. An extended, powerful downside correction might trigger the death cross to take place and send the price even lower, around $82. 

On the flip side, assuming Hyperliquid turns for a bullish reversal, the price could jump and find the nearest resistance within the $85 range. With the potential upside pressure strengthening, the golden cross could likely unfold and push the asset’s price upward, above the $86.12 level. 

Hyperliquid’s Technical Chart Points to a Weakening Trend

The technical analysis reports that the Moving Average Convergence Divergence line is below the signal line. Both lines remain above the zero line, signalling a bullish uptrend that is experiencing short-term weakening. The baseline trend of Hyperliquid remains overall bullish.

It reflects an established uptrend in the broader market structure, with the short-term momentum slowing down. When the MACD line crosses below its signal line, it creates a bearish crossover. Also, the price might be forming a flag pattern, consolidating sideways before resuming the broader upward trend.

Hyperliquid’s daily Relative Strength Index of 52.79 is in the neutral territory, with a subtle bias toward bullish momentum. It is in equilibrium, with neither buyers nor sellers exercising dominant control over the price. This is high enough to confirm strong momentum; it is either consolidating sideways before its next directional move. 

Price is moving within a horizontal range while the momentum decides on a direction. Following an active rally or sell-off, price is taking a breather to cool off before continuing the primary trend. If RSI recently crossed upward from below 50, it suggests momentum is slowly shifting from sellers to buyers.

Crypto Market Highlights

Zcash (ZEC) Jumps 19%: How Far Can This Move Actually Go?

• A 19% gain in value has pushed Zcash to $1K.
• The ZEC buyers are firmly in control.

As of September 4, within the broader crypto market, Zcash ($ZEC) has shown stronger bullish momentum after surging 19.4%. Currently, the price is trading at the $1,009.82 level, pushing firmly above the crucial $950 level. Moreover, its trading volume has reached $1.265 billion. 

Significantly, Zcash’s momentum is back in the market spotlight following another sharp move higher. It may reach a new high without retesting key technical structure, reflecting strong bullish sentiment. As it enters an expansion phase, sustained buying pressure will drive further upside.

The token is now approaching the key $1,018 – $1,030 resistance zone, with its 24-hour trading range stretching from $842.06 – $1,023.40. A decisive breakout above $1,043 could likely strengthen the bullish setup of ZEC and potentially trigger another expansion move.

The $845 – $886 area remains an important support zone, while the broader 7-day range of $779.96 – $1,023.40 exhibits how sharply Zcash has advanced. With the price near the weekly high, traders will be watching whether the buyers can sustain the momentum and turn the above-mentioned zone into the next support.

Zcash Technical Chart Turns the Momentum Bullish 

The Moving Average Convergence Divergence (MACD) line is above the signal line, indicating buying momentum is currently increasing. This is a strong bullish trend confirmation signal. As both lines are above the zero line, the asset is in a broad, established uptrend rather than just a brief bounce.

ZEC’s short-term moving averages are pulling away from long-term averages, showing that the buyers are firmly in control. On top of that, traders view this combination as a green light to buy or hold long positions, as the path of least resistance remains upward.

In addition, the daily Relative Strength Index (RSI) reading settled at 76.11, suggesting that the asset is currently in overbought territory. The price has risen rapidly in recent periods, driven by aggressive buying pressure. Zcash is overextended in the short term, increasing the likelihood of a pullback. 

In strong uptrends, the indicator can remain overbought for extended periods, and a high value reflects strength, not an instant top. Also, caution is warranted for new entries; traders look for price action to show signs of slowing down before entering long positions.

Crypto Market Highlights

IMF Clears $140M for El Salvador as BTC Buys No Longer Use Public Funds

• El Salvador could receive $140M pending IMF Executive Board approval and completion of prior actions.
• The country has used no public funds for BTC purchases since June 2025.

El Salvador and the IMF have reached a staff-level agreement on the combined second and third reviews of the country’s 40-month Extended Fund Facility arrangement. Subject to IMF Executive Board approval and the completion of agreed prior actions, El Salvador stands to receive approximately $140 million. It is equivalent to SDR 101.96 million in additional funding.

This brings total disbursements under the EFF to a significant level, following the programme’s approval on February 26, 2025. This has a total access of SDR 1,033.92 million, approximately $1.4 billion. The first review was concluded on June 27, 2025, with SDR 172.32 million disbursed so far.

The Economy Is Outperforming

The macro picture for El Salvador is stronger than expected. Real GDP growth exceeded projections in 2025 and is forecast to reach 4.5% in 2026. It is likely driven by investment, private consumption, remittances, tourism, and capital inflows. Security improvements and investor confidence have played a crucial role in that trajectory.

The NFPS primary surplus is expected to strengthen from 2.9% of GDP in 2026 to 3.7% by 2027, consistent with the Fiscal Responsibility Law target of reducing the public debt-to-GDP ratio to 80% by 2030. The programme has also contributed to a measurable decline in poverty through improved efficiency in public services.

Bitcoin Is No Longer a Public Spending Line

The IMF confirmed that El Salvador has provided documentation verifying that all Bitcoin accumulated since the first review in June 2025 came entirely from private donations. Notably, no public resources were used. Going forward, no further BTC accumulation beyond documented donations is expected, a condition that forms part of the framework agreed with IMF staff.

Moreover, the Chivo e-wallet, once government-operated, has had its majority ownership and operational control transferred to a private operator. The government retains a minority stake and custodial responsibilities for customer assets. Also, efforts are underway to enhance transparency around Bitcoin holdings across various wallets.

In addition, the IMF and El Salvador have also agreed to modernise the legal, regulatory, and supervisory framework for digital assets and strengthen governance and risk-management arrangements for public-sector crypto holdings.

Market impact might be like El Salvador stepping back from public BTC accumulation removes a sovereign buying narrative from the market. Furthermore, the agreement signals the country is prioritising macroeconomic stability and institutional credibility over crypto-forward policy. The IMF programme compliance and Bitcoin maximalism don’t easily coexist at the government level.

Crypto Market Highlights

Dogecoin (DOGE) Printed a Buy Signal: The Uptrend Could Be Loading

• The DOGE price is currently hovering at the $0.083 mark.
• The short-term moving average is lower than the long-term.

Dogecoin (DOGE) is the first and most famous dog-themed token, and it hit $0.1007 on August 22 and has since retraced more than 17% to current levels. At press time, the meme coin is trading at $0.08318, with a value rise of over 3%, and with the volume settled at $594.58 million. 

It’s worth noting that the 24-hour session has ranged between $0.08067 and $0.08359, with the 7-day range sitting between $0.08021 and $0.0902. 

Significantly, the Tom DeMark Sequential has flashed a buy signal, and that has indicated the end of a corrective phase for DOGE. Alongside that, a morning doji star has formed on the daily chart, a bullish reversal pattern that appears near the end of a downtrend as selling momentum fades and buyers begin stepping in.

Moreover, the large holders have accumulated more than 400 million DOGE over the past five days. That’s not retail buying the dip; that is whale-level conviction at current prices.

Looking at Where the DOGE’s Momentum Goes

The $0.0813 support level is the line that holds this entire setup together. Almost 35 billion DOGE were previously traded at that level, making it a major floor. As long as it holds, the bullish case stays intact. 

On the upside, $0.1552 is the first crucial target, with $0.1774 as the next major resistance beyond that. The $0.0813 ground is the one number that decides whether this is a reversal or just a temporary bounce.

The 4-hour chart shows that the Moving Average Convergence Divergence (MACD) line crosses above the signal line, but both lines remain below zero. It hints at a bullish recovery attempt within an overall downtrend. The market context is bearish, with the short-term moving average lower than the long-term.

The buyers are attempting to push the DOGE price higher. Also, this gives an early warning signal that the downtrend is weakening. However, as both lines are below zero, it carries higher risk; traders often treat it as a potential trend reversal. 

In addition, the daily Relative Strength Index (RSI) reading is resting at 51.78, indicating a completely neutral market. It reveals that neither bulls nor bears are driving price action. The upward price movements have slightly edged out downward moves over recent candles, but the difference is negligible.

At this value, it reflects that the market is at equilibrium. Furthermore, traders look for a breakout above 60 to confirm accelerating bullish momentum, or a drop below 40 to signal that the bears are taking over control.

Crypto Market Highlights

Ethereum (ETH) Is Standing Its Ground: The Chart Is Starting to Point Toward $3K

• Ethereum (ETH) is currently holding at $2.4K. 
• The selling pressure is accelerating to the downside.

The largest altcoin, Ethereum (ETH), has strengthened its market structure after buyers successfully defended the long-term ascending trendline. The reaction from this macro support triggered a sharp recovery, allowing ETH to break through the initial resistance zone and turn that former ceiling into near-term support.

ETH is currently trading at $2,404, with $13.23 billion in 24-hour trading volume. The price has moved between $2,357 and $2,417 over the past day, while the seven-day range stands at $2,357-$2,558. The recovery has kept broader bullish momentum intact; the latest price action suggests the market could cool after the aggressive advance.

Ethereum’s Support and Resistance Levels 

The immediate question is whether the asset can hold its newly reclaimed support as it approaches the next supply zone. A short-term pullback toward $2,300-$2,200 remains possible, with the $2,324 0.236 Fibonacci level offering an earlier potential support area.

From an Elliott Wave perspective, ETH appears to be completing daily Wave 3, leaving a potential Wave 4 correction between $2,112 and $2,222. Because the previous Wave 2 was particularly sharp, the current correction could remain relatively shallow. A daily close below $2,050 would invalidate this Wave 4 structure.

On the other hand, an upside bounce from $2,324 could push Ethereum toward the $2,784-$2,966 target zone before another deeper retracement becomes possible. Furthermore, the broader bullish objective remains at around $3,000.

For now, the price action reflects a market shifting from recovery toward expansion. Holding reclaimed support while absorbing overhead supply would strengthen the bullish case, whereas losing key support could delay the next major advance.

Will the ETH Momentum Weakens Further? 

The MACD line is found below the signal line, and both lines are below the zero line. This crossover suggests strong bearish momentum across both the short-term and the long-term timeframes. Notably, the overall market trend of Ethereum is strictly bearish.

Also, the selling pressure is actively accelerating to the downside. It is one of the strongest sell signals in technical analysis, showing that the bears are in firm control and prices are likely to push lower. 

Additionally, the daily RSI of ETH is positioned at 43.73, indicating neutral-to-slightly bearish momentum. Trading below the 50 mark shows that the price movements have slightly outweighed upward gains over recent candles. 

There is enough room for the price to move lower before becoming overextended. Traders look for a break above 50 to confirm renewed bullish momentum or a drop below 40 to signal accelerating selling pressure.

Crypto Market Highlights

Bitcoin (BTC) at a Crossroads: Is the Next Leg to $80K Loading?

• Bitcoin (BTC) is currently trading at the $77.5K mark.
• The short-term momentum is weaker than the long-term.

The largest and dominant asset, Bitcoin (BTC), is trading at $77,578 with a 24-hour range of $76,297 to $77,830 and a seven-day range stretching from $76,297 to $81,281. Also, its volume sits at $26.79 billion. The bounce from $76K is significant. 

$79,500 is the resistance BTC has failed to properly reclaim multiple times since breaking above $80K. Every attempt has been met with sellers defending that level. Until it breaks $79.5K and holds it on the 4-hour chart, the recovery stays unconfirmed.

A head and shoulders pattern has formed on the recent timeframe. Price has already lost the neckline and is now attempting a retest. A rejection at the neckline opens the door toward $71K. The setup gets invalidated only if Bitcoin reclaims the neckline and holds above it. 

The BTC Price Levels That Decide Everything Ahead

The $79,500 zone is the resistance that needs to be broken. A clean 4-hour close above it makes $80K easier to take out, with $81K–$82K as the next targets above that. The descending trendline near $80K has been tested multiple times and continues to act as a strong barrier.

Moreover, $76K is the support that needs to hold. Lose it, and the chart starts looking considerably less comfortable. Below $76K, the watch zone drops to $72K–$70K, where the next crucial support sits.

For the short-term correction, the $75,800 level represents a buying opportunity with DCA in the $75,000 range. A drop to $73K signals a sharper decline in the cycle, with long-term expectations pointing to $68,000 in that case. The bigger structure remains intact as long as Bitcoin holds above the $70,500 pivot.

The biggest selling zone in the current setup sits at $83,000–$85,000, a more realistic threshold than the $92,000 and $105,000 targets that were circulating earlier. BTC is still in a short-term correction from the $78K–$76K area, and the current price around $77K is roughly the halfway point of that correction.

Where is Bitcoin’s Momentum Heading in the Near Term?

The technical chart analysis shows that the Moving Average Convergence Divergence (MACD) line is positioned below the signal line. As both lines are below the zero line, it hints at strong bearish momentum. The short-term momentum is weaker than the long-term, putting it in a broader downside.

This bearish crossover of Bitcoin shows that the selling pressure is actively accelerating downward. This is one of the strongest sell or trend-continuation signals on the chart, showing that bears are in firm control of the market.

Furthermore, the daily Relative Strength Index (RSI) at 45.24 reflects a neutral-to-slightly negative trend. The reading is sitting below the 50 midpoint, indicating that the recent price declines slightly outweigh recent price gains. Sellers have a slight edge, but there is no strong downward trend. 

There is plenty of room for the price action to move in either direction before hitting extreme territory. This reflects the BTC market in consolidation, and traders wait for a break above 50 or below 40 to confirm the next move.

Crypto Market Highlights

10% Pump for Uniswap (UNI): Can It Hold Above Resistance?

• After a 10% jump, Uniswap’s price is trading at $6.
• UNI’s indicators exhibit a healthy macro uptrend.

The broader crypto market is barely moving, making a potential move lag. Among the digital assets, Uniswap (UNI) enters September under bullish pressure. With buyers maintaining full control of its trajectory, the asset has surged 47% over the past 7 days, extending its monthly gains to 54%. 

Notably, the bulls have stuck to the charts, blocking the entry of a downside trading pattern. The technical structure remains firmly positive, as it trades within a well-established uptrend. The bullish price alignment confirms that buyers continue to dominate the broader market trend of UNI. 

As per CoinGecko reporting, Uniswap has posted a 10.8% rise in value and is currently trading within the $6.31 range. The price is holding above the daily low noted at $5.58, and below the daily high of $6.37. Moreover, the daily volume has reached $1.15 billion. In the last 24 hours, the UNI market has seen $3.75 million in liquidations. 

Uniswap’s Key Price Levels to Watch  

The short-term price structure depends on a few important upcoming levels. As the bulls are active, the immediate resistance might be at $6.39, followed by a range above $6.50. A sturdy upper zone of UNI observed between $6.57-$6.79 is crucial and will decide whether it stabilises or continues to climb. 

On the other hand, a bearish reversal could place the initial support level at around $6.23. The price would slip through $6.10 if the negative momentum intensifies, and likely confirm that sellers are gaining control. With the next levels sitting near $5.97-5.70, the lower targets are aimed to be broken. 

UNI Technicals Point to Further Upside

The four-hour chart of Uniswap reveals that the Moving Average Convergence Divergence (MACD) line has crossed above the signal line. With both lines trading above zero, there is strong bullish momentum. It also confirms a healthy macro uptrend. 

The buying momentum is actively accelerating, and traders view this combination as a high-conviction signal that the path of least resistance remains up.

In addition, the daily Relative Strength Index (RSI) value at 74.86 is in overbought territory with a strong uptrend. The buying pressure has been intense. A period of consolidation is increasingly likely, and buyers are in firm control of price action. 

Entering new long positions here carries a poorer risk-to-reward ratio due to the heightened pullback risk. It serves as a caution signal for traders to monitor potential short-term pullbacks.

Crypto Market Highlights

Robinhood and Fomo Face Scrutiny Over KYC-Free Meme Coin Purchases

• Robinhood and Fomo allegedly allowed meme coin purchases via credit cards without KYC verification.
• Chase has sought a Visa investigation, while the New York Attorney General’s Office has launched its own probe.

Users of Robinhood Wallet and social trading app Fomo discovered they could purchase meme coins, including dogwifhat (WIF). They can use Visa and Mastercard credit cards, Apple Pay, and Google Pay, without completing any separate KYC identity verification. The transactions went through, earned standard credit card points and cash back, and nobody flagged them at processing.

Instead of being classified under merchant category codes 6012 or 6051, the standard crypto categories that typically carry a crypto indicator and exclude purchases from card rewards. The transactions were processed under MCC 5815, which covers digital goods and media. That classification meant the purchases looked like any other digital content buy to the card networks.

Crossmint, the crypto infrastructure company powering the transactions through its Token Checkout product, has defended the categorisation. The company points to joint SEC and CFTC guidance released in March that treats certain meme coins, including WIF, as digital collectables rather than crypto assets. It is framing that supports the digital goods classification.

Where Did it Start Unravelling?

Chase, JPMorgan‘s banking arm, reviewed the transactions and landed on a different conclusion. The bank determined that the Visa purchases had been misclassified. The transactions were not flagged as crypto, and the MCC assignment was incorrect. Also, the purchases should not have qualified for credit card rewards. 

Chase has formally filed a case inquiry with Visa and asked the network to investigate. Moreover, the New York State Attorney General’s Office has also acknowledged the matter. Further confirmed it is reviewing the payment structure.

What This Means for the Market

If meme coins can be purchased through mainstream payment rails without KYC and while earning card rewards, the on-ramp to crypto just got significantly wider, not through regulatory approval but through a classification loophole.

In addition, lower friction, familiar payment methods, and reward points on meme coin purchases remove several of the barriers that have historically kept casual buyers out of the market.

But the regulatory interference surrounding this structure from Chase, Visa, and the New York AG simultaneously suggests the window may be short. How Visa rules on the misclassification question will determine whether this payment method survives or gets shut down before it scales.

If the structure holds, expect more platforms to replicate it. If regulators close it, the conversation shifts to how tightly payment rails will ultimately be locked down around crypto purchases.

Crypto Market Highlights

Arbitrum (ARB) Surges 31%: How Far Can This Rally Actually Go?

• Arbitrum price climbed 31%, hovering at the $0.11 mark.
• ARB’s momentum reflects extreme buyer dominance.

Kicking off September 1, the new month begins with Arbitrum (ARB) trading at around $0.1116, posting a 31.6% gain in value. Its daily volume is settled at $381.13 million. Moreover, the asset’s 24-hour session has ranged between $0.08477 and $0.1193.

Significantly, the Robinhood Chain, built on Arbitrum Orbit, has been live since July 8 and generated over $1.92 million in fees in a single 24-hour period. There is a massive jump from its average daily revenue of around $100,000. 

Notably, 10% of net revenue flows back to the Arbitrum ecosystem; yesterday alone pushed approximately $190,000 directly into Arbitrum’s treasury. Also, the tokenised stocks on Arbitrum One have simultaneously hit a new all-time high of $200 million in market cap.

L2 projects had been widely written off, but Robinhood operating a dedicated Arbitrum chain successfully has reframed what Layer 2 infrastructure can actually deliver when a major platform commits to it seriously.

On the other hand, ARB has touched its monthly resistance at current levels. Without a daily close above it, this risks being treated as an artificial pump rather than a structural breakout.

Can Arbitrum Build Enough Momentum to Sustain the Rally?

The four-hour price chart exhibits upside momentum, and if it breaks above the $0.1141 level, the trajectory could sustain. Assuming the bulls gain enough strength, they might initiate the formation of a golden cross, and the Arbitrum price would potentially climb and test the resistance near $0.1180. 

In the case of the bullish sentiment fading, the bears would influence the asset’s price, and that could immediately slip to the support at $0.1101. Further correction on the downside would trigger ARB’s death cross to take place. Gradually, the bearish pressure might pull back the price to its former low. 

Zooming in on the technical chart of Arbitrum, the Moving Average Convergence Divergence (MACD) line is above the signal line, and both are trading above the zero line. It indicates strong bullish momentum and likely confirms an established uptrend. The buying momentum is still accelerating, and it is considered a high-conviction continuation signal for traders. 

In addition, the current market condition of ARB is in an extreme overbought zone, as the daily Relative Strength Index (RSI) stays at 81.14. This suggests an intense, vertical buying surge. The short-term price increase has been so aggressive that a consolidation becomes increasingly likely. It reflects extreme buyer dominance, but serves as a warning light rather than a buy signal. 

Crypto Market Highlights

Helium (HNT) Surges 20%: Can It Hold the Gains and Push Higher?

• Tectonic was exploited for over $75M, prompting Cronos Network to pause operations.
• $6.29M has moved to Ethereum and was swapped for 2,592 ETH, while $68.7M remains on the Cronos Network.

The Cronos network has been halted following a major exploit targeting Tectonic, the DeFi lending protocol that held approximately $121.6 million in total value locked, roughly 46% of all Cronos DeFi TVL, before the attack hit.

The attacker targeted TONIC, Tectonic’s illiquid governance token, and drove its price up approximately 100-fold in roughly 20 minutes. With the artificially inflated TONIC posted as collateral, the attacker borrowed large amounts of harder assets from Tectonic’s lending pools, an estimated $75 million in total. 

It’s the same technique Avraham Eisenberg used to drain over $100 million from Solana-based Mango Markets in October 2022. 

Where the Money Went, and Where It Did Not

The attacker began moving proceeds across a bridge to Ethereum, the only exit route off the Cronos chain. Approximately $6.29 million made it across before validators halted block production on Cronos, freezing the network in place. 

Around $60 million remains stranded on the frozen chain, unable to move. That means roughly 91% of the estimated haul is effectively locked. It is waiting on a decision from validators about what happens when the network restarts.

Some on-chain estimates put the total at risk as high as $119.5 million, but that figure remains unconfirmed and may conflate assets at risk with assets actually drained.

Moreover, Cronos confirmed the exploit and halted the network. Tectonic acknowledged the incident and advised users not to interact with the protocol until it is confirmed safe. Neither has officially confirmed the exact losses or disclosed the root cause publicly.

Crypto.com CEO Kris Marszalek confirmed that the Crypto.com app and exchange were not affected and are operating normally. All user funds on the platform are safe. Crypto.com’s security team is actively supporting the Cronos investigation. 

Notably, Cronos was originally developed by Crypto.com, while Tectonic operates independently as a DeFi lending protocol on the network. Also, no restart timeline for the Cronos network has been announced. Furthermore, how the attacker’s stranded assets will be handled post-restart remains an open question.

The Exploit’s Market Impact

An exploit of this scale hitting 46% of a chain’s DeFi TVL in a single attack freezes user confidence alongside the network itself. The frozen $60 million creates a significant situation: the attacker can’t move the funds, but neither can anyone else until validators decide what comes next. 

That decision will define how Cronos handles the recovery and whether the DeFi ecosystem on the chain survives the reputational damage.

Crypto Market Highlights

Bitcoin (BTC) Is Mirroring 2022: Does That Put $83K on the Table?

• Bitcoin (BTC) price is currently trading at the $79.8K mark.
• The sellers are temporarily in charge, and the broader market remains bullish.

The largest and dominant asset, Bitcoin (BTC), is currently hovering within the $79.8K range, and its volume is settled at $36.37 billion. It has ranged between $78,597 and $81,281 over the past 24 hours. Notably, the setup on the chart is drawing uncomfortable comparisons to 2022.

In 2023, Bitcoin broke its downtrend, tested the previous August high, then pulled back toward $20,000 before launching into its next major bull run. The same structure appears to be forming now. Also, the equivalent level this cycle is the May 2026 high near $83,000. 

A rejection at that level would not break the bullish case. It would set up the next major buying opportunity. 

Bitcoin’s Key Price Levels to Watch 

The immediate resistance zone sits between $83,307 and $84,569, an area where nearly 975,000 BTC were previously acquired. That concentration of supply makes a clean first-attempt breakout unlikely. 

Above the current price, $81K is the first liquidity pool. Below, $75K–$77K is loaded with resting orders, and $76,996–$78,258 is the support range to watch if selling pressure builds.

Lose that support and $63,111 comes into focus as the next major demand zone. The more aggressive bearish roadmap puts the sequence at $81K, $74K, $63K, $48K, a path that stays on the table as long as $83K remains unbroken. 

BTC got rejected after failing to clear $82K, and that rejection was called the moment price tapped the $80K–$81K zone. Both liquidity pools above and below are loaded, and the first sweep will reveal the next major directional move.

Where is BTC Momentum Heading? 

Bitcoin’s technical analysis shows that the Moving Average Convergence Divergence line is below the signal line, indicating that the sellers are temporarily in charge. As both lines are found above the zero line, the broader market structure remains bullish.

If the MACD line curves back up and crosses above the signal line while still over the zero line, it confirms that the broader uptrend is resuming. If the pullback turns into a heavy sell-off and both lines fall below zero, the macro trend shifts from bullish to bearish.

Furthermore, the daily Relative Strength Index (RSI) of BTC at 58.85 reflects a healthy market with moderate bullish momentum. The 50 line acts as the dividing mark between buying and selling power. Being at 59 confirms that buyers hold a solid, active edge over sellers.

The asset is far enough from the overbought threshold that it has plenty of room to run before getting overextended. This is a sustainable, steady move up. Moreover, buyers are in control, and the price action is favouring the upside without immediate signs of exhaustion.

Crypto Market Highlights

Zcash (ZEC) Charts a Head-and-Shoulders Setup With $600 on the Downside

• Zcash (ZEC) has pushed the price to $792.
• The sellers are temporarily controlling the price action.

As of August 27, Zcash (ZEC) is showing a potential head-and-shoulders formation, with the price currently shaping the right shoulder around the $820-$830 area. Moreover, the neckline sits near $750, making that level critical for the token’s short-term direction. 

On the other hand, ZEC is trading around the $792.25 level, with $1.081 billion in 24-hour trading volume. Significantly, the asset has gained 40% over the past week and 68% over the past month, highlighting how sharply momentum has moved in recent weeks. 

ZEC’s 24-hour range of $759.30-$817.85 shows that the price is testing the lower end of its recent trading pattern. A decisive break below the $750 neckline could confirm the bearish pattern and likely increase selling pressure, potentially exposing the $600 area as the next downside target. 

For now, the Zcash market remains at a crossroads. Holding the neckline could allow buyers to stabilise the recent rally, while a breakdown would strengthen the bearish case and signal that momentum is shifting toward sellers.

Where Will Zcash Momentum Reach in the Near Term?

With the recent ZEC/USDT trading pair having a brief bearish control, the price could fall to the support at around $781.37. If the downside correction intensifies, it might trigger the death cross to take place and send the asset’s price below the $770.29 range. 

Upon a bullish reversal in the Zcash market, the price might climb and test the resistance at $803.76. Assuming extended upside pressure on the momentum, the bulls would gain more power, and the golden cross would emerge, gradually driving the price above $814.91. 

Zcash’s technical analysis shows that the MACD line has crossed below the signal line; the short-term buying power is slowing down relative to recent averages. The sellers are temporarily controlling the price action. Both lines are above the zero line, and the long-term trend remains firmly in buyer territory. 

This is referred to as a dip in a bull market. If the MACD turns back and crosses above the signal line while still above zero. It gives a high-probability entry signal that the primary uptrend is resuming. If the MACD continues to fall and breaks below zero, the overall macro trend is shifting from bullish to bearish. 

ZEC’s daily RSI of 52.65 reflects a neutral market with a slight bullish bias, sitting above 50. The readings between 40 and 60 signify an equilibrium, showing no extreme overbought or oversold conditions. The positive momentum is outpacing selling pressure, but not enough to indicate a strong directional trend.

It is nowhere near overextended, with the price action having room to expand in either direction without immediate RSI-driven exhaustion. Price is moving sideways. A break above 60 puts buyers in firm control to start a momentum move up. A drop below 40 signals that bears are taking over control of immediate price action.

Crypto Market Highlights

SPX6900 (SPX) Is Moving Higher: Can It Stretch the Rally Toward $0.70?

• SPX6900 is up by over 16%, trading at $0.62.
• SPX’s buying pressure is building strength.

With the global crypto market cap settled at $2.75 trillion, the digital assets are moderately on the bullish side. Meanwhile, SPX6900 (SPX) is closing the month of August potentially positive. The bulls continue to dictate its direction, and it is attempting to attract more bullish power into the charts to sustain the momentum. 

Notably, the technical structure of the token remains firmly on the brighter side, as it is trading within a well-established uptrend. Also, the bullish price alignment confirms that the buyers dominate the broader market trend of SPX6900. 

Moreover, the asset has registered a significant 16.5% gain in value and is currently trading within the $0.6292 range. The 24-hour trading range falls between $0.5205 – $0.6434. It’s worth noting that the volume of SPX is found at the $26.90 million mark. 

SPX6900’s Major Price Levels to Watch

The short-term price action is moving on the basis of a few crucial upcoming ranges. The first resistance level of SPX might be at $0.6314. A stronger move above $0.64 confirms that buyers gain absolute control. With the next levels sitting between $0.6446 and $0.6511, these are set as the targets to be broken. 

On the other hand, with bearish pressure entering the SPX6900 market, the immediate support could be at $0.6266, followed by a level below $0.62. A deeper zone would emerge near the $0.61–$0.60 range, likely acting as an important area that decides whether the asset’s price stabilises or continues to retrace. 

SPX’s Technical Setup Hints at More Upside 

The four-hour chart reveals that the Moving Average Convergence Divergence (MACD) line is above the signal line; the short-term upside momentum is accelerating faster than the recent trend average. As both lines are above zero, the broader market trend is bullish, and buyers are in overall control. 

If the gap between the two lines is widening, buying pressure is building strength. When the lines begin to converge, the buying slows down, which precedes a consolidation phase. SPX6900’s macro trend is up, and the immediate short-term momentum pushes higher. 

In addition, the daily Relative Strength Index reading resting at 79.70 places the asset deep in overbought territory. A reading near 80 indicates an aggressive, relentless rally over recent periods with no significant downward pullbacks. The momentum’s likelihood of a horizontal consolidation is very high. 

For SPX, this is a classic bearish divergence signalling buyer exhaustion. A swift drop back below 70 is frequently executed by traders as a confirmation that short-term momentum has topped out. Furthermore, extremely high volume at these RSI levels can signal a blow-off top.

Crypto Market Highlights

BlackRock Cuts IBIT In-Kind Bitcoin Minimum 96% to $1 Million

• Cosmos Labs teams are responding to an ongoing incident affecting the Cosmos EVM module.
• Affected Cosmos EVM chains have been advised to request validator halts as the investigation continues.

Cosmos Labs has confirmed an ongoing security incident affecting users of its Cosmos EVM module. The company’s security and engineering teams are actively responding, and chains connected to the Cosmos EVM that are in contact with Cosmos Labs have been advised to instruct their validators to halt operations immediately while the situation is investigated.

No specific vulnerability has been disclosed publicly, and no affected chain names have been confirmed. Also, no loss figures have been released. Moreover, Cosmos Labs has committed to publishing a full post-mortem analysis once the incident is resolved. Validators and developers across the ecosystem will be watching that document closely to determine when it’s safe to resume normal operations.

This is Not the First Time

The Cosmos EVM ecosystem has had a difficult 2026 on the security front. The first major incident came in January, when an exploit involving the SagaEVM implementation caused approximately $7 million in losses. 

In addition, Cosmos Labs identified 15 chains running code containing the relevant vulnerability at the time; six had not enabled the affected feature, one was exploited, and the others managed to mitigate before attackers could act.

August has brought further disruption. MANTRA Chain halted block production for roughly 30 hours following an incident involving its Cosmos EVM module before resuming operations on August 22 after deploying a patch. 

Furthermore, TAC also halted its chain on the same day after reporting an exploited vulnerability affecting its Cosmos-based EVM environment and token supply.

The immediate market reaction has been sharp. Cosmos token trading has experienced significantly reduced activity. It was a direct reflection of the uncertainty surrounding the incident’s scope and resolution timeline.

Until the post-mortem is published and the vulnerability is understood, confidence across the Cosmos EVM ecosystem will remain under pressure. The speed and transparency of Cosmos Labs’ incident report will determine how quickly that confidence returns.

Crypto Market Highlights

AAVE Price Powers 7% Higher: How Far Can the Rally Run?

• AAVE is trading around $134 with a 7.1% gain.
• The broader trend is controlled by the buyers.

As of August 24, the momentum of AAVE is controlled by the bulls. The further direction of the asset is dictated by the pressure applied. It has been attempting a more upside trading pattern, as the technical structure remains positive. The bullish price alignment confirms that if the buyers continue to dominate the broader market trend of AAVE, more upside is not far away. 

In addition, as per CoinGecko reporting, the token has posted a 7.1% gain in value and is currently trading near the $134.56 mark. The 24-hour range of AAVE is noted between $121.14 and $144.85. Moreover, the daily trading volume has reached $777.87 million. 

The Key Support and Resistance Levels of AAVE

The short-term price structure depends on a few important upcoming ranges of AAVE. The major resistance level might be at $135.78, followed by a level above $137. If a higher zone is observed at around $140, this crucial area decides whether the asset’s price stabilises or continues to climb. 

On the other hand, if AAVE momentum flips bearish, the initial support level might be at $133.21. The price falls through $130, and the momentum weakens. A stronger fall below $127.42 confirms that sellers are gaining control, and with a stronger loss in value, the downside continues. 

AAVE’s Technical Setup Hints at More Upside

The four-hour chart shows that the Moving Average Convergence Divergence (MACD) line is above the signal line. The short-term upside momentum is accelerating faster than the recent average. As both lines are above zero, it confirms that the broader trend is bullish and buyers are in control.

AAVE is actively moving up with solid buying volume. If the space between the two lines is widening, momentum is building. Vice versa, the momentum is weakening, which often precedes a consolidation phase. The market is bullish, with positive short-term momentum backing the broader uptrend.

In addition, the daily Relative Strength Index (RSI) reading is at around 72.76, indicating that the asset has crossed into overbought territory. It shows strong and sustained buying pressure over the recent price periods. Also, the short-term buyers are currently in firm control of the price.

While AAVE can remain overbought for extended periods during strong uptrends, it increases the likelihood of a price dip. If price continues making higher highs while it starts making lower highs, it weakens momentum and signals a reversal. A drop below 70 is used by traders as an initial exit. 

Crypto Market Highlights

Sui Users on Phantom Face a Major Wallet Change This September

• Phantom will stop supporting Sui on September 24.
• Assets will remain on the Sui blockchain, accessible through compatible wallets using the same credentials.

Phantom has announced it will end support for the Sui network on September 24, 2026. After that date, Sui balances will no longer appear in the app, and Sui transactions won’t be supported. Gradually, the network will disappear from Phantom’s list. 

Also, this is not a fund seizure; your assets remain on the Sui blockchain and are controlled by your recovery phrase, not by Phantom. But if nothing is done before September 24, accessing those assets will require moving to a different wallet entirely.

If someone wants to stay on Phantom, the cleanest move is to swap your Sui assets to a supported network before the transition date. Additionally, Phantom has waived its fee on cross-chain swaps from native SUI to wrapped SUI on Solana through September 24; network and exchange fees still apply, but the Phantom fee is gone.

It can also swap into SOL, ETH, or USDC, though standard fees apply. Upon keeping using Sui after the transition date, there is a need to import your wallet into a Sui-compatible app. Moreover, the Sui Foundation’s recommended wallet is Slush.

With that, import the Secret Recovery Phrase, and the existing address and assets will appear automatically. If having multiple recovery phrases or private keys in Phantom that hold Sui assets, export and import each one separately.

Warning to Watch Out for Scams

Phantom will never contact someone first, ask for the Secret Recovery Phrase or private key, or offer to move the assets on their behalf. Any message, email, or DM offering migration help is a scam. Furthermore added that, all legitimate guidance lives inside the app and in Phantom’s official help documentation.

Phantom dropping Sui support is a crucial signal for the ecosystem. When a major multi-chain wallet steps back from a network, it raises questions about developer conviction and user retention on Sui. For SUI price momentum, the news might add short-term uncertainty, and the holders who don’t act may find their assets harder to access, which could contribute to selling pressure as the September 24 deadline approaches. 

Crypto Market Highlights

Grayscale Files Fresh SEC Amendment for First U.S. Zcash ETF

• The Bitcoin (BTC) price is currently trading around the $75.2K mark.
• Short-term buying pressure is accelerating, and the overall market is controlled by buyers.

As of August 21, the dominant asset, Bitcoin (BTC), has climbed back above $75,000, marking a notable shift in momentum. It has broken its nine-month downtrend. At press time, the price trades at $75,225, up over 8.3% in value, while its 24-hour trading volume reached $60.27 billion. 

Bitcoin has moved between $69,320 and $75,527 over the past 24 hours, reflecting the strength within the market. Moreover, there was a substantial support zone between $61,849 and $63,111, where more than 2 million BTC were previously transacted. This area could provide a strong foundation if it enters a period of consolidation.

$75K Breakout Puts the Momentum in Focus

BTC has now reached the $75K resistance area after a steep vertical rally. While the broader structure has improved, the pace of the move raises the possibility of sideways consolidation before another leg higher. 

Also, the URPD data shows limited resistance above current levels. If Bitcoin decisively clears $75,733, the next significant supply cluster appears around $83,307-$84,569, where 1 million BTC previously changed hands.

The breakout has also intensified pressure on short sellers, with liquidations adding to the current market volatility. If buyers can absorb the overhead supply, Bitcoin could enter a new price-discovery phase, making the $75.7K level an important zone for the next stage of its momentum. 

Bitcoin is Bullish as Technical Indicators Rocket 

The BTC/USDT pair’s Moving Average Convergence Divergence line is above the signal line. The gap between the lines is large; the histogram bars are unusually tall. This means short-term buying pressure is rapidly accelerating. As both lines are above zero, the overall market is firmly controlled by buyers. 

The momentum is extremely strong, with an aggressive bullish signal, confirming an uptrend with surging short-term momentum. If the gap between the MACD and signal line stops expanding, it might precede a consolidation phase.

Bitcoin’s daily Relative Strength Index (RSI) value of 93 is an extreme overbought state. It is one of the highest possible momentum readings, signalling an extraordinarily aggressive buying wave. The price action has moved upward with virtually no pullbacks to cool down the indicator.

Notably, in its current condition, it likely precedes a temporary exhaustion point, where the asset must drop significantly to reset the technical indicators. Furthermore, this juncture for the asset carries significant short-term risk. 

Crypto Market Highlights

Hyperliquid (HYPE) Momentum Explodes 19%: Is It Ready to Challenge Its ATH?

• Hyperliquid rockets 19%, trading at $69.
• Trump has put HYPE in the U.S. spotlight.

The broader market flipped bullish overnight. Trump has pushed Congress to pass the CLARITY Act, calling it critical to maintaining America’s edge in emerging technology. He also teased potential US crypto reserves, language that sent institutional money flooding back into spot BTC and ETH ETFs simultaneously.

All major assets have gained significantly. Meanwhile, Hyperliquid (HYPE) is up by over 19% and is trading at $69.88. Its trading volume is hitting $1.352 billion across a session range of $58.04 to $72.28. The token’s ATH of $76.87 is now within striking distance, 9.6% away from the current price.

The catalyst came directly from the White House. During a crypto executive meeting that included Coinbase, Kraken, Gemini, Robinhood, and Payward, President Trump stated that CFTC Chairman Mike Selig is working to bring Hyperliquid into the United States in a fully compliant and legal fashion.  

Hyperliquid’s model, an always-on exchange accessible through a wallet, is difficult to square with traditional US market structure. CME and ICE have lobbied for tighter scrutiny of the platform, citing manipulation and sanctions concerns. Moreover, Hyperliquid competes directly with their core franchise as the reference price setter.

Can Hyperliquid Flash Another Wave of Bullish Momentum?

With the recent positive trading on the chart, the HYPE price could move up to the initial resistance at $70.06. Extended pressure on the upside might trigger the emergence of the golden cross and send the price higher, above $72. On the other hand, assuming Hyperliquid turns to the bearish side, the price could immediately slip and find the nearest support at $68.91. If the downside correction strengthens, the death cross unfolds and pushes the price below $66. 

Furthermore, the technical analysis of HYPE reports that the Moving Average Convergence Divergence (MACD) line is above the signal line. The short-term buying pressure is outperforming its recent average. Also, as both lines are above the zero line, this confirms that long-term momentum favours the buyers.

The overall market structure is in an active uptrend. This confirms that long-term momentum favours the buyers and the overall market is in an active uptrend. The histogram bars are green, reflecting expanding bullish momentum. The broader path of least resistance is up. 

Hyperliquid’s daily Relative Strength Index (RSI) value of 84.34 indicates an extremely overbought and overheated market driven by aggressive buying pressure. Anything above 70 is considered overbought. Buyers are in complete control, driving rapid price acceleration with almost zero selling resistance.

The price may either experience a pullback or move sideways in a tight range to allow it to bleed back down toward the 50-60 zone before attempting another push higher. It shows immense power and momentum, but it cannot run at this intensity forever without needing to cool off. 

Crypto Market Highlights

Ethereum (ETH) Stalls Near $1.9K: What Could Push It to $2K?

• The Ethereum price is stalled in the $1.9K zone.
• There is an active short-term buy signal for ETH.

Ethereum (ETH) is currently trading within the $1,915 range, with a 24-hour range between $1,892 and $1,919, one of the tightest sessions in recent weeks. Moreover, the trading volume of the asset sits at $5.99 billion. The price is not moving much, but the structure underneath it is the part worth paying attention to.

The asset is building the same compression pattern right under $2,000 that it built before losing rising support. That previous breakdown took price down hard. Also, another breakdown from this level points toward $1,300 as the next destination. 

But the bullish case is equally valid. The token is consolidating above a key macro range low; if it holds, it sets up a cleaner move higher. Other than ETH price, ETF demand, staking activity, and the Layer-2 ecosystem continue building the fundamental case regardless of where the daily candle closes.

Watching Momentum in the Ethereum Market

Upon holding the $1,850 mark, the ETH price structure remains constructive. Lose it, and the bearish scenario accelerates the momentum toward the former lows. On the upside, the POC line on the daily chart is the first obstacle. Break through that and $2.1K is the next major resistance. Clear both levels with momentum, and Ethereum transitions into a full bull market structure.

The four-hour technical analysis conveys that the Moving Average Convergence Divergence line of Ethereum is above the signal line, indicating an active short-term buy signal. Both lines are above the zero line, with the buyers holding control of the broader trend.  

The crossover is struggling to expand; the underlying buying momentum is weak. The histogram bars above zero are small, and the bulls are struggling to accelerate the price further. If the MACD line quickly dips back below the signal line, the current momentum would become a false breakout. 

Additionally, ETH’s daily Relative Strength Index (RSI) reading of 62.27 indicates strong bullish momentum with buyers driving the price upward. Its crossing of the neutral 50 threshold confirms that buying volume is outpacing selling pressure.

Furthermore, it sits below the overbought level. The values between 60 and 65 typically signal steady and sustainable buying conviction. The trend is clearly in favour of the bulls, and there is still plenty of runway left to move higher before reaching overbought territory.

Crypto Market Highlights

Crypto Fundraising Gets a New Route as SEC Unveils Regulation of Crypto Assets

• Eligible crypto offerings could raise up to $5M over four years or $75M annually without SEC registration.
• The proposal adds a conditional safe harbour and could preempt certain state securities rules; it now enters a 60-day comment period.

The U.S. Securities and Exchange Commission (SEC) has formally proposed “Regulation Crypto Assets”, a tailored framework that would create clear pathways for crypto projects to raise capital under federal securities laws without going through the full SEC registration process.

Moreover, the SEC Chairman Paul Atkins framed the proposal directly: the goal is to bring innovation onshore, reduce incentives for issuers to operate offshore, and give crypto entrepreneurs a fit-for-purpose rulebook rather than forcing them to work within frameworks built for traditional securities.

In addition, the public comment period opens now and runs for 60 days following Federal Register publication.

The Two Exemptions, and What They Cover

The proposal introduces two distinct exemptions from Securities Act registration requirements, both specifically tailored for investment contracts involving crypto assets.

The first is a one-time exemption allowing offerings of up to $5 million over a four-year period. It comes with principles-based narrative disclosure requirements for investors and straightforward reporting without the full weight of SEC registration compliance.

The second exemption allows offerings of up to $75 million within any 12-month period. This tier carries additional requirements, financial statements and ongoing reporting obligations, reflecting the larger capital raise and the broader investor base it would attract.

Both exemptions also preempt state securities law registration and qualification requirements for covered offerings and certain secondary market transactions, removing one of the most significant friction points for projects trying to operate across multiple U.S. states.

The proposal includes a conditional safe harbour from the definition of “investment contract” under both the Securities Act of 1933 and the Securities Exchange Act of 1934. If the conditions are met, a crypto asset would no longer be considered subject to an investment contract, effectively stepping outside SEC securities jurisdiction.

Significantly, the issuer must have completed or permanently ceased all essential managerial efforts it represented or promised to undertake. That gives projects a defined finish line rather than permanent regulatory uncertainty.

This proposal lands at a critical moment. With the CLARITY Act still working through Congress, Regulation Crypto Assets gives the market something concrete to respond to right now. Two registration exemptions, a clear safe harbour trigger, and state law preemption together represent the most structured federal crypto fundraising framework the U.S. has ever put forward.

Crypto Market Highlights

Pudgy Penguins (PENGU) Pushes Off the Lows: A Crucial Level to Hold First

• Pudgy Penguins is hovering around $0.0059.
• PENGU’s momentum is improving in the short term.

Pudgy Penguins (PENGU) is under bearish pressure as the bears have continued to dictate its price trajectory over the last 30 days. It has been attempting to attract the bulls to escape the downside trading pattern. Also, the technical structure remains negative.

The bearish price alignment confirms that sellers continue to dominate the broader market trend of PENGU. Only the potential entry of buyers will likely flip the broader momentum and turn the chart green. 

Moreover, as per CoinGecko, Pudgy Penguins is currently trading near the $0.005944 mark. Notably, the 24-hour price range falls between $0.005906 – $0.006085. The daily trading volume has reached the $52.778 million mark.

Pudgy Penguins’ Key Support and Resistance Levels 

The short-term trading pattern depends on a few upcoming crucial price ranges. Pudgy Penguins’ immediate support might be at $0.005921, followed by a level below $0.0059. A deeper zone between $0.005857 – $0.0058 is a pivotal zone that decides whether the asset stabilises or continues to fall. 

On the other hand, the first recovery level of PENGU would likely be at $0.005966. The price action needs to push through $0.0060 to show stronger momentum. With the next resistance levels sitting near $0.006049 and $0.0061, the higher targets of the token are aimed to be broken. 

Is PENGU’s Technical Setup Hinting at More Downside?

While zooming in on the four-hour chart, the Moving Average Convergence Divergence line is above the signal line. A brief bullish crossover has occurred, and short-term buying pressure is outperforming the recent average rate, driving a temporary recovery move.

Both lines are below zero, with the broader market remaining in a downtrend. Long-term momentum is still weighted to the downside. Momentum is improving short-term, but price has not cleared the overall downward pull yet. Traders look for the MACD to push back above zero for a serious trend reversal.

In addition, the daily Relative Strength Index reading is stationed at 45.39, suggesting a neutral market with a minor bearish tilt. The 50 level is absolute balance, and being under 50 shows that short-term selling pressure is slightly stronger than buying power.

As it is sitting above 30, the asset is not oversold; there is no pressure for an immediate bounce. An RSI in the mid-40s reflects a lack of strong buying conviction, accompanying sideways consolidation. Buyers lack the energy to push the trend up, but sellers are not aggressively dumping the asset either.

Crypto Market Highlights

Bitcoin (BTC) Price Reclaims $64K: The Pressure Is on to Prove $65K Is Next

• Bitcoin price is currently trading around $64.1K.
• The buyers are in firm control of the BTC market structure.

The dominant asset in the market, Bitcoin (BTC), is trading at $64,162, up 1.1%, with the daily volume at $21.109 billion. Its 24-hour price range is between $63,246 and $64,515. In addition, the BTC market has experienced $79.62 million in liquidations over the past 24 hours. 

BTC has broken the 305-bar downtrend line, a technical development the market is waiting on. The price is currently consolidating within a tight $61.8K–$67.3K range and is reclaiming the 200 EMA around $64K. The descending trendline sits above at $64.5K–$65K.

The short-term momentum is extremely stretched, and a clean break above $65K would confirm the bullish setup. Another rejection from this zone could send the Bitcoin price back toward $63K–$62.5K before another attempt.

Bollinger Bands are compressing, and the asset is not showing a strong directional move yet; it’s building pressure. When volatility expands, the move that follows is to be aggressive in whichever direction it chooses.

Bitcoin’s Major Price Range Picture 

The $61K–$62K area below and the $67K region above have both held as range boundaries for weeks. A large number of stops are likely sitting outside both levels. A sweep into either zone could trigger a significant squeeze, especially given how compressed price has been.

Meanwhile, if realised price continues rising while BTC holds above it, the market could be building a stronger long-term base, one that supports a more sustained move higher rather than another false breakout.

With the price losing momentum, $63K is the immediate support. Lose this, and the bounce is invalidated, with $61K as the next destination. The $64K mark is the pivot. The level everything hinges on. If it’s moving upward, $65.7K would be a clean reclaim, representing a structural shift. Upon holding this target, $67.2K might be the next major resistance. 

Is BTC Building More Momentum Upside?

The technical chart shows that the Moving Average Convergence Divergence line (MACD) has crossed over the signal line, with the short-term buying momentum accelerating. As both lines are above zero, the overall trend is bullish. It also confirms buyers are in firm control of the underlying market structure.  

BTC is in an active markup phase. The long-term and short-term momentum are aligned to the upside. As long as the lines stay above zero, the path of least resistance remains up. The selling against this momentum carries high risk until a bearish crossover forms. 

Besides, the daily Relative Strength Index (RSI) reading of 63.90 exhibits strong, healthy bullish momentum with the buyers firmly driving the price upward. It is sitting above the neutral 50 level, indicating that buying volume is significantly outstripping selling pressure. Notably, Bitcoin has solid upward momentum. 

Positioned below the overbought zone of 70, the price move is strong without being statistically overextended yet. The value in the 60s is widely considered the ideal zone for a sustainable uptrend and demonstrates strong buyer conviction while still leaving room for further upside.

Crypto Market Highlights

Ethereum (ETH) Breaks Above $1.9K: How Close Is the Push Toward $2K?

• Ethereum is trading around the $1.9K level.
• ETH has been forming a symmetrical triangle.

The largest altcoin, Ethereum (ETH), is trading within the $1,903 range, with its daily volume reaching $4.58 billion. Also, the 24-hour trading range is between $1,867 and $1,903. The market has experienced $24.09 million in ETH liquidations over the past 24 hours. 

Moreover, the price has broken above and held the $1,750 low along with the nine-month downtrend for over a month. What is playing out since is a long and drawn-out bottoming process, the kind that shakes out the last believers before the real move develops.

On the daily chart, ETH has been forming a symmetrical triangle, the price moving sideways around the 50 EMA for nearly 30 days, building pressure as the range tightens. The closer price moves to the triangle’s apex, the more explosive the eventual breakout tends to be.

Recently, a rectangle breakout is already in motion. The asset consolidated between $1,865 and $1,892 before breaking above the upper resistance. That breakout is the short-term signal the daily pattern has been waiting for confirmation on.

ETH’s Major Support and Resistance Levels

The 4-hour trading pattern shows that if it holds above $1,911 and stays, $1,925 would be the major chart target. The next crucial zone to be aimed at beyond that range is $2K. It could confirm the bottoming process is complete and the higher momentum is underway.

On the other hand, a drop into the $1.8K zone might test price. Assuming the downside correction deepens, the ETH price could continue falling even lower, below the $1,821 level. This serves as a crucial area that decides whether the altcoin price stabilises or faces more losses. 

Where is Ethereum’s Momentum Heading Next?

The Moving Average Convergence Divergence line is found above zero, and it has crossed above the slower moving average, confirming that short-term buying momentum has turned positive. The signal line is below zero, which shows that ETH is emerging from a recent longer-term downtrend.

Notably, it is an early bullish reversal, with the MACD having completed a bullish crossover, leading the recovery. The overall momentum is transitioning, but short-term buyers have taken active control to push the momentum positive.

Ethereum’s daily Relative Strength Index (RSI) value is at 56.15, indicating a mildly bullish market with momentum slightly favouring buyers. They have a minor edge over sellers, but the trend is not overly aggressive. It sits below 70, and there is zero immediate risk of being overextended.

Furthermore, the reading in the mid-50s reflects steady price consolidation with the early stages of a developing uptrend. The buyers are in control, but the momentum is balanced and has plenty of runway left to move higher.

Crypto Market Highlights

Chainalysis Challenges TRM Labs Deal as Court Sets September Showdown

• Chainalysis is challenging the TRM Labs contract, alleging that DHS and ICE bypassed standard procurement procedures.
• Replies are due September 1, oral arguments on September 2, with the government seeking a ruling by September 10.

Chainalysis Government Solutions has filed suit in the U.S. Court of Federal Claims, case number 26-1067C, alleging that the Department of Homeland Security and Immigration and Customs Enforcement bypassed standard competition procedures to hand an exclusive procurement contract directly to TRM Labs, one of its primary competitors.

The complaint itself is sealed. Chainalysis requested and received court approval to file under seal on July 27, citing proprietary information. Also, the public docket lays out the core allegation: DHS and ICE skipped the normal competitive bidding process and awarded the contract to TRM without putting it out for competition. 

Chainalysis is asking the court to halt the arrangement entirely. Moreover, TRM Labs moved quickly, filing as an intervenor-defendant to defend the contract award. That move signals that TRM has enough at stake to fight this in court rather than let the government handle it alone, which hints at the size and significance of the contract in question.

The Timeline Is Tight 

The court has set a compressed briefing schedule with a clear end date. Chainalysis must file its motion for judgment on the administrative record by August 11. The government and TRM Labs respond and file cross-motions by August 21. Plaintiff replies by August 26. Defence replies follow on August 31. 

Furthermore, the joint appendix is due September 1, with oral arguments scheduled for September 2 at 10:00 a.m. EDT at the National Courts Building in Washington, D.C. The government has separately requested a final ruling by September 10. That is a six-week window from filing to decision, unusually fast for federal procurement litigation.

Chainalysis and TRM Labs are the two dominant players, and this case puts the question of how government agencies select their vendors directly in front of a federal judge. A ruling in Chainalysis’s favour would invalidate the TRM contract and force a competitive rebidding process, potentially disrupting active federal investigations that rely on that infrastructure. 

A ruling for the government keeps TRM in place but sets a precedent that sole-source awards in crypto analytics can survive legal challenge. Either way, the decision expected before mid-September will be closely watched across the blockchain intelligence industry.

Crypto Market Highlights

PUMP Momentum Builds: Can Buyers Push the Price Toward $0.0032?

• The PUMP price is hovering near $0.0029.
• Pump.fun’s broader market is in a long-term uptrend.

As of August 14, Pump.fun (PUMP) has registered a 5% surge in value. Over the last seven days, the asset has jumped 26%, making a notable gain. It might close the week on a positive note as bulls dictate the price direction. If the bears enter the PUMP market, the charts might flip the sentiment.

Also, the technical setup remains bullish, with the asset continuing to trade within the uptrend. The current price alignment confirms that buyers are dominating the broader market trend of PUMP. If the buyers turn stronger, the momentum gains more traction and triggers a rally. 

Moreover, at press time, the asset is trading near the $0.002912 mark. The 24-hour range of the price falls between $0.002737 – $0.002984. Notably, the market cap for PUMP is found at $1.15 billion, with its daily trading volume positioned at around $102.65 million. 

The Key Support and Resistance Levels of PUMP

The short-term price pattern depends on a few important upcoming ranges. The first recovery level of PUMP is likely at $0.002924. A stronger move above $0.002940 confirms that the buyers are gaining complete control. With the next resistance levels sitting even higher, they are likely to be broken. 

On the flip side, PUMP’s nearest support range might be at the $0.002900 threshold. If a deeper downside correction occurs, the level below $0.002888 acts as a crucial areas that decide whether the price should stabilise or continue to retrace along with the formation of the death cross. 

Will PUMP’s Technical Setup Point to More Upside? 

The 4-hour chart shows the Moving Average Convergence Divergence (MACD) line is above the signal line, hinting that short-term buying pressure is outpacing the longer-term average. As both lines are above zero, the broader market is firmly in a long-term uptrend. 

Overall momentum is completely controlled by buyers. Furthermore, the short-term and the long-term trend are working together to drive prices higher. The path of least resistance is firmly up, reflecting high conviction and strength from buyers.

In addition, the daily Relative Strength Index (RSI) is resting at around 62.47, indicating strong bullish momentum with buyers firmly in control of the trend. It is sitting over the neutral 50 line, confirming that buying power is clearly outstripping selling pressure.

The value remains under the traditional 70 overbought threshold; the price move is strong without being overextended yet. Significantly, PUMP is moving upward with healthy conviction and still has runway left before becoming overheated.

Crypto Market Highlights

Metaplanet Transfers 5,014 BTC Between Custody Addresses, CEO Denies Sale

• Dogecoin (DOGE) is currently trading around the $0.071 mark.
• Short-term and long-term trends are aligned to push the price up.

It is the 12th of August; Dogecoin (DOGE) is trading at $0.07158 at press time, up by a modest 2.22%, with its trading volume surging over 66% to the $594.73 million mark. Moreover, this trading session has ranged between $0.06992 and $0.07286, as reported by CoinMarketCap data. 

A large amount of high-leverage short positions were liquidated as DOGE broke through a resistance line and punched through the first significant sell wall. Three major bullish signals were stacking on the daily chart simultaneously.

Bullish divergence played out over more than a month; the price printed lower lows while RSI formed higher lows, a classic bottom formation signal. Price then broke through the descending trendline, confirming the shift in momentum. 

In addition, the RSI followed by clearing its own ascending resistance trendline, providing the final confirmation. When it shows strength while price breaks resistance at the same time, the bottom is likely in.

DOGE is consolidating in a rectangle between $0.068 support and $0.075 resistance. The next sell wall sits at the higher target, which needs to be broken for the next leg higher. A break above $0.075 opens the path toward $0.080 as the major target. Notably, a sturdy fall could push the price down to $0.063. 

Technical Chart: Where is DOGE Momentum Heading?

The Moving Average Convergence Divergence (MACD) line is above the signal line, and both lines have crossed above zero. Short-term buying is moving faster, keeping an active bullish buy signal. Also, the primary market structure of DOGE is firmly in a long-term uptrend. 

Overall momentum is fully controlled by buyers, and the short-term speed and long-term trend are perfectly aligned to push the price higher. The path of least resistance is firmly up, showing high conviction from the buyers.

Furthermore, the daily Relative Strength Index (RSI) value at 62.47 exhibits strong bullish momentum, with buyers firmly in control of the trend. It is positioned above 50, confirming that buying volume is significantly outperforming selling pressure.

It has plenty of room to climb before hitting the overbought zone. 60s are the ideal zone for an uptrend, without the immediate crash risk. DOGE is climbing with solid upward power and has clear runway to extend its move higher.

Crypto Market Highlights

Ethereum (ETH) Flushes Lower: Is Holding the $1.9K Level Becoming a Bigger Challenge?

• Ethereum is currently trading around the $1.8K mark. 
• ETH’s longer-term momentum is controlled by sellers.

The short entry of the largest altcoin, Ethereum (ETH), is at $1,900.12, closed at $1,871.93, banking +1,465.72 USDT. Analysing the setup, once the asset lost structure, the sellers would step in, and the price is flushed directly into the support zone. Entry, target, and invalidation were all mapped before the move began.

On the other hand, ETH hit an all-time high of $4,953.73 in August 2025, one year ago. At $1.8K today, it is sitting 61.93% below that peak. That gap between where it was and where it trades now is either the market’s biggest overhang or its most compelling long-term setup, depending on the timeframe.

Ethereum price is currently hovering within the $1,886 range, with a market cap of $227.59 billion. Moreover, the asset’s daily trading volume is positioned at $8.08 billion. The session ranged between a low of $1,852 and a high of $1,895. Also, the ETH market has seen $33.88 million in 24-hour liquidations. 

Looking at the ETH Chart for the Direction Ahead 

If the bullish momentum of ETH gains traction, the price might move upward to the $1,898 resistance range. Another steady and sturdy push on the upside could likely pressure the momentum and trigger the golden cross to emerge, letting the asset trade above the $1,911 zone. 

On the flip side, assuming the Ethereum bears entered the market, it might initiate a downside movement, with the nearest support level at around $1,874. Upon further breakdown, the death cross would take place and drive the altcoin price toward $1,861 or even lower. 

Zooming in at the 4-hour technical chart, ETH’s Moving Average Convergence Divergence (MACD) line is found below the signal line, and the short-term selling is moving faster than the average trend rate. As both lines are below zero, the broader market is firmly in a downtrend. 

The longer-term momentum is entirely controlled by sellers. There is no conflict; both short-term and long-term momentum are aligned in driving the price lower. The path of least resistance is firmly down, making buying or going long risky until a reversal crossover forms.

Besides, Ethereum’s daily Relative Strength Index (RSI) reading at 48.21 indicates a neutral market with a slight bearish tilt. It is showing a balanced tug-of-war between the buyers and the sellers as it sits near the 50 midline. The price is practically at equilibrium; neither buyers nor sellers have strong momentum.

With the short-term selling pressure, it is marginally stronger than buying pressure, but not enough to drive a strong downward trend. The market is consolidating sideways before establishing a major directional move. Traders wait for a break above 50 for a bullish signal or drop below 40 for accelerating bearish momentum. 

Crypto Market Highlights

XRP Is Clinging to $1.00: This Battle Line Decides Where the Price Goes Next

• XRP price is now hovering at around $1.
• The sellers are in control of both short- and long-term timeframes.

As of August 11, Ripple’s XRP is currently trading at the $1.00 threshold, posting a loss of over 3.21%. The daily trading volume has increased by 46%, reaching $1.18 billion. There is an active fight between the buyers and sellers at the worst possible place to lose ground.

In the early hours, the asset traded at a high of $1.04, and after the bearish pressure took control, the price plunged to the current trading zone. Also, the 4-hour structure has been printing lower highs and lower lows consistently. The key levels that mattered last week were $1.05 and $1.08.

The $1.00–$0.99 range is the immediate support zone of XRP. On the other hand, $1.036 is the first level bulls need to reclaim to interrupt the bearish sequence. A move back above that zone hints that a relief bounce becomes possible.

Furthermore, losing $1.00 with a clean break and $0.94 opens up as the next target. Below that sits the larger $0.94–$0.86 demand zone, a deeper test that would reset the entire short-term structure of the XRP momentum. 

Will XRP Find its Long-Term Trajectory Soon?

The technical analysis reports a bearish setup, with the Moving Average Convergence Divergence (MACD) line of XRP below the signal line. Short-term selling momentum is accelerating and outperforming the average trend rate, triggering active selling. 

It indicates an active downtrend with an expanding downtrend. The sellers are in complete control across both short and long-term timeframes. As long as the lines remain below zero, the path of least resistance is down, making long trades risky until a reversal forms. 

The daily Relative Strength Index at 29.49 places XRP in oversold territory. Massive selling pressure has driven the price down. While the current trend is strongly bearish, a value below 30 signals that heavy selling may be reaching an unsustainable pace in the short term.

However, an oversold RSI alone is not an instant buy trigger; assets can remain oversold during strong downtrends. Traders often wait for the reading to tick back above 30 or look for bullish reversal candle patterns to confirm a turnaround before entering. 

Crypto Market Highlights

Bitcoin (BTC) Bulls Eye $67K: Can It Reclaim the High While Defending the $60K Range?

• Bitcoin price slipped below the $64K mark.
• The bearish crossover is active, and the downtrend accelerates.

The largest asset, Bitcoin (BTC), slipped below the $64K mark and is currently trading at around $63,981. Its daily trading volume has surged by over 50% to $21.78 billion. Moreover, this session ranged between $63,752 and $65,316, with $49.61 million in liquidations recorded in the past 24 hours.

Significantly, $67K was the high in both June and July. Until that level breaks, the upside momentum stays on hold. Everything happening for the asset between $60K and $67K right now is just rattle inside a range that has been playing out for weeks.

Also, Peter Brandt has flagged a potential decline, pointing to a large head-and-shoulders pattern developing on the chart. BTC remains below the $67.2K–$67.5K resistance zone, the exact level that needs to break for any serious rally to develop. 

For the longer term, $82,850 remains the critical range bulls need to reclaim to flip the broader bias.

Key Support and Resistance Levels of Bitcoin 

Looking at the 4-hour price chart, the BTC price might slip to the $63,842 support range with the bearish pressure. An extended correction on the downside could break momentum deeper, falling below the $63.7K mark. The formation of the death cross brings further traction.

Assuming the trading graph flips bullish, the Bitcoin chart displays buying interest, with the price dominated by upward-moving candles. It could climb and find its resistance at $64K. Continued gains might trigger the emergence of the golden cross, sending the price above $64,199. 

Technical Setup: Further Downside for BTC?

The Moving Average Convergence Divergence (MACD) line is below the zero line, confirming that short-term selling pressure is stronger than long-term buying support. The bearish crossover is active, indicating that the downward momentum is accelerating. 

Notably, the signal line is found above zero, showing the primary trend of Bitcoin was bullish, but that baseline strength is eroding fast. This is a key warning flag, a sign that a previous uptrend is fracturing into a deeper pullback or a full trend reversal.

BTC’s daily Relative Strength Index (RSI) value of 37.70 suggests weak, bearish momentum with the sellers currently in control, though drawing near potential bargain territory. As it is sitting below 50 confirms that selling pressure is outpacing buying pressure.

The market is weak and sliding lower, but not yet an extreme dip. The asset is undergoing a heavy pullback, and the momentum favours the bears. Traders prefer to wait until a drop below 30 for a dip-buy, or until it reclaims 50 to confirm that buyers have returned.

Crypto Market Highlights

BOOK OF MEME (BOME) Surges 16%: The Chart Is Pointing Higher

• BOOK OF MEME price rallies over 16% to $0.00079.
• BOME’s trading volume has skyrocketed by 238%.

The Book of Meme (BOME) is a frog-themed meme coin on the Solana blockchain. Over the last week, the asset has posted a significant gain of 16%. Currently, the buyers are dictating the asset’s direction. Also, the technical structure remains positive. 

As the meme coin continues to trade within an upward trend, the price alignment confirms bullish dominance over the broader market trend of BOME. Moreover, the buyers need to hold the momentum stronger to keep the green chart intact. 

At press time, the Book of Meme price is trading within the $0.0007948 mark after surging by over 16.55%. In the early hours, the meme coin traded at a low of $0.0006468. Later, with the ignited bullish power, BOME has tested and broken through the crucial resistance, pushing the price to climb to $0.0008819.

Consequently, its market cap has reached $55.44 million, and Book of Meme’s daily trading volume has skyrocketed by over 238%, settling at around $100.78 million. As reported by the Coinglass data, the BOME market saw a 24-hour liquidation of $820.39K. 

Where Will the Book of Meme Price Head Next? 

The short-term price movement of the asset needs to find a few important ranges in the upcoming days. The major resistance level of BOME is likely at $0.00081. A stronger move above $0.00083 confirms that buyers are gaining control, with higher targets aimed to be broken. 

On the other hand, if the momentum falls, the immediate support of Book of Meme might be at $0.00077. A deeper correction would take the price even lower; the expected range is below $0.00075, a crucial areas that decide whether the meme coin stabilises or continues to plunge. 

BOME’s Technical Setup Points To Positive or Negative Side?

The Moving Average Convergence Divergence (MACD) line is leading above the signal line, triggering an active buy signal, showing momentum is expanding. Both sitting above the zero line confirms that buyers hold full control over the broader market structure of BOME. This bullish alignment shows strong uptrend and active short-term acceleration, where the path of least resistance remains upward.

In addition, Book of Meme’s daily Relative Strength Index (RSI) is resting at around 68.56, indicating strong, aggressive buying momentum nearing peak power. The value above the 50 midline hints that the buyers are driving a clear, dominant uptrend. It may knock the overbought zone, and the upward momentum is powerful, but watch for potential short-term consolidation as it hits standard resistance.

Crypto Market Highlights

ADA, HBAR and DOT ETFs Face a Setback as Grayscale Pulls S-1 Filings

• Grayscale withdrew 3 ETF filings after filing Form RW with the SEC on August 7.
• The S-1 registrations for the ADA, HBAR, and DOT ETFs were withdrawn.

On August 7, 2026, Grayscale Investments filed three Form RW submissions with the SEC. It withdrew the S-1 registration statements for the Grayscale Cardano Trust ETF, Grayscale Hedera Trust ETF, and Grayscale Polkadot Trust ETF, all within minutes of each other.

The Cardano and Polkadot registrations dated back to August 29, 2025. The Hedera filing dated back to September 9, 2025. All three were pulled with identical language across each Form RW. 

Moreover, ADA, HBAR, and DOT sit a tier below Bitcoin and Ethereum in the ETF race, and a tier below the next wave of assets drawing serious filing activity, including Solana, XRP, and Litecoin. 

Spot BTC and ETH funds already trade with billions in assets. These tokens mentioned above were further back in that queue, representing bets on demand that has not clearly materialised. Also, pulling all three at once reads as a portfolio decision rather than a reaction to any single token or regulatory development. 

Withdrawing preserves the option to refile later without burning resources on a product that is not ready for the market. Earlier removal of related exchange-listing proposals for these same assets preceded the withdrawals, suggesting this was a deliberate and staged pruning rather than a sudden decision.

What Remains Untouched?

Grayscale’s flagship Bitcoin and Ethereum vehicles are completely unaffected. The company continues to develop other altcoin ETFs; Bittensor, Aave, BNB, NEAR, Zcash, and others remain in preliminary registration stages. Some staking-related products have already received approval. This was a narrow cut of three specific altcoin lines. 

The reaction across ADA, HBAR, and DOT was essentially flat following the announcement. No significant price movement in any of the three tokens, a clear signal that the market read this correctly as a calculated housekeeping move rather than a bearish statement on the assets themselves.

For Grayscale, the lower-priority products with uncertain demand get cut when the registration cost does not justify the wait. The option to refile remains open. For now, the shelf got narrower, and the remaining products got more attention.

Crypto Market Highlights

Pudgy Penguins (PENGU) Teeters Above Key Support: Can $0.0050 Be Avoided?

• Pudgy Penguins (PENGU) price is down to $0.0060.
• The market flips from an uptrend into a potential correction.

As of August 7, the crypto market is attempting recovery, with both red and green charts active on the board. Looking at the digital assets, Pudgy Penguins (PENGU) is facing pressure as the bears dictate its direction. It has been trying to attract the bulls to escape the downside trading pattern. 

Moreover, the technical structure remains negative, as the asset continues to trade within the downtrend. Along with this, the bearish price alignment confirms that sellers continue to dominate the overall market trend of PENGU. Only when the buyers step in will the momentum flip and turn green. 

Notably, as reported by CoinMarketCap data, Pudgy Penguins is currently trading within the $0.006047 range after slipping around 1.59% over the last 24 hours. The price is holding above the daily low noted at $0.005926. Also, the asset’s high was observed at $0.006195 in the early hours. 

Pudgy Penguins’ Key Price Levels to Watch

The four-hour price chart of Pudgy Penguins displays the ongoing bearish sentiment. If the bears gained further strength, it might push the price down to the support level at around $0.006024. With the formation of the death cross, the token could likely retrace toward $0.006001 or even lower. 

Assuming the PENGU momentum initiates an upside correction, the price might immediately climb and find resistance at $0.006069. Upon the sturdy bullish pressure, the golden cross could take place, and send the asset’s price upward to retest its previous high above the $0.006092 threshold.

Is the Technical Setup Hinting at Continued Weakness?

The Moving Average Convergence Divergence line is found below the zero line, indicating that the bearish crossover is in full effect. PENGU’s short-term momentum has slipped into negative territory, and the short-term selling pressure has broken down, pulling the faster line below the equilibrium mark.

As the signal line is above zero, the multi-period average is lagging behind. The market is transitioning from an uptrend into a potential correction. The recent sharp selling has pulled the immediate momentum into negative territory. Traders see this as a caution signal against taking aggressive long entries.

In addition, the daily Relative Strength Index (RSI) is resting at around 45.27, suggesting mild bearish momentum. The 50 level represents neutrality. Sitting just below it means sellers currently have a slight upper hand, but neither side is dominating. The asset is nowhere near oversold territory. 

There is plenty of room for the Pudgy Penguins’ price to drop further before buyers step in based on extreme value. It exhibits quiet consolidation with a slight downward bias. The value in the mid-40s is a neutral-to-cautious zone. Traders hold off until it reclaims 50 or breaks lower toward 30. 

Crypto Market Highlights

Cardano (ADA) Breaks the $0.21 Barrier: Momentum Shifts in Favour of Buyers

• Cardano is currently hovering at $0.19.
• ADA’s trading volume is up by over 90%.

Cardano (ADA) is currently trading within the $0.1994 mark, registering a gain of over 6.47%. Also, the daily trading volume has exploded by 90%, settling at $792.61 million. The session has likely ranged between a low of $0.1875 and a high of around $0.2107. 

In addition, the Coinglass data reported that the market has experienced $3.77 million in Cardano liquidations over the past 24 hours, with short positions getting squeezed as the price pushed higher.

As the asset’s price cleared the $0.20 resistance and confirmed a higher-low sequence on the chart, a technical signal that a 600+ bar downtrend might finally be losing its grip. Significantly, the technical target from this structure sits at $0.2388.

Cardano’s Major Support and Resistance Levels 

Looking into the short-term trading pattern, the key resistance level of ADA is at $0.2047. The price would need to push through the $0.21 range to show stronger momentum. A further move above confirms that the buyers are gaining control, and with the next resistance in sight, the momentum targets higher to be broken. 

On the flip side, if the uptrend turned bearish, the immediate support zone of Cardano might be at $0.1941. It could follow a level around $0.19. A continuous retracement would trigger a deeper zone even lower, which is a crucial area that likely decides whether the token price stabilises or continues to move downward. 

ADA’s Technical Outlook: Where is it Pointing To?

The four-hour technical chart shows that the Moving Average Convergence Divergence (MACD) line is sitting above the signal line, which means the short-term momentum is moving faster than the average trend. With both lines above zero, Cardano is firmly on an upward slope. The overall direction of the market is higher.

The lines are not right on top of each other; this is not a weak move. There is clear separation between the short-term and the broader trend. There is a healthy, expanding buying volume. Buyers are firmly in control, momentum is building, and the path of least resistance remains up.

Furthermore, the daily Relative Strength Index (RSI) is resting at 62.10. Any reading above 50 means it is moving forward under its own power. Near or above 70, ADA burns serious energy and might eventually need to slow down for consolidation. The current value hints at stronger momentum. 

The buyers are clearly driving the price higher, but there is not frantic panic-buying pushing the asset into overheated territory yet. The trend has space to keep climbing before becoming overextended, and displays robust buying pressure without the risk of an immediate overbought crash.

Crypto Market Highlights

The $3K Target Is Set for Ethereum (ETH): Can It Get There Before Month Close?

• Ethereum currently trades within the $1.9K mark. 
• The ETH market saw a liquidation of $49.37 million.

The largest altcoin, Ethereum (ETH), has broken above its MVRV 0.8 Pricing Band at $1,800, a threshold that has historically marked meaningful shifts in momentum. When the asset clears the higher level, the next destination would be near $2,300. Beyond that, $3,000 is the key level. 

With more than 10 million ETH previously changing hands around that price, making it one of the most significant resistance zones on the chart. Adding weight to the bullish case, Ethereum has formed an MVRV Momentum golden cross. Previous signals of this kind were followed by rallies of 50%, 166%, 74%, and 113%, respectively. 

Moreover, ETH is currently trading at $1,914, up by 2.47%, with its trading volume surging 20% to $9.64 billion. The session ranged between $1,854 and $1,922, and that high is sitting right against the resistance zone where sellers have started to respond. The market has also seen $49.37 million in ETH liquidations.

The bounce from the long-term ascending trendline played out as expected, and ETH successfully reclaimed that structure and shifted from a defensive posture into a recovery phase. The next question is whether bulls can push through resistance.

ETH’s Major Levels to Watch

Zooming in on the short-term price pattern, the first resistance level of ETH could likely be at $$1,937. If it is pushed higher, stronger momentum might be seen on the chart. A stronger move above $1,959 confirms that buyers are gaining control. The emergence of the golden cross would target higher levels.

On the other hand, with a bearish turn, the immediate support might be at around $1,891, followed by a level lower as the correction intensifies. A deeper zone observed below $1,868 would serve as a crucial area that decides whether it stabilises or continues to fall along with the formation of a death cross. 

What Lies Ahead for Ethereum?

Ethereum’s technical setup indicates a strong uptrend with expanding momentum. The Moving Average Convergence Divergence (MACD) line is above the signal line, and they are found over the zero line. The long-term trend is bullish.

The asset is in a high-conviction markup phase, and the buyers are in full control of both the short-term and long-term timeframes. As long as this structure stays like this, the path of least resistance is up. 

ETH’s daily Relative Strength Index reading sitting at 58.35 indicates a moderate bullish tone, with buyers maintaining control without pushing the market into extreme territory. It is positioned above 50, outperforming selling pressure. 

Furthermore, there is enough room for the price to move higher before reaching overbought levels. It is likely showing steady upward momentum while carrying lower immediate pullback risk than a high-RSI move.  

Crypto Market Highlights

PI Bulls Are Regaining Control: Will It Push Past Key Barriers?

• With a 5% gain, PI is trading at the $0.090 level.
• The daily trading volume has jumped by over 127%.

Pi Network is building momentum ahead of its Protocol 26 Mainnet upgrade, with node operators facing an August 11 deadline to prepare. The more immediate one is a new partnership: the Fabric Foundation has announced that Pi Network has joined RoboPay as a payment partner, giving PI token holders access to robotic services across the Fabric network.

The use cases come up with deliveries, inspections, security patrols, and humanoid assistance, all payable directly in PI. For a project with tens of millions of users already holding the token, adding a live payment utility is the kind of development that can shift narrative quickly.

On the other hand, looking at the price action, after falling 30%–40% or more in the short term, a 5%–10% bounce does not change the chart. A temporary rebound after a major drop is not a recovery until the chart confirms it, and until PI clears $0.10, the risk of this recovery losing momentum remains real.

At the time of writing, PI traded within the $0.09058 range, with a 5.84% spike in value. Concurrently, the asset’s daily trading volume has increased by over 127%, reaching $18.11 million. 

Significant Price Levels of PI 

Within the price trajectory of the asset, $0.10 is the line that matters most. A clean break and hold above it would restore buyer confidence and pull momentum traders back into the market. The primary bullish target would follow a successful breakout at around $0.11. 

On the downside, a failure to hold the $0.10 level triggers the next supports into focus. The $0.08 threshold first, followed by $0.07 if the selling pressure of PI continues.

Will PI Momentum Stay Steady?

The Moving Average Convergence Divergence line is above the signal line, which shows that the short-term buying momentum is accelerating, triggering a strong buy signal. Also, the long-term trend is strongly bullish. PI is in a high-conviction markup phase, and the buyers are in full control across both short-term and long-term timeframes.

As long as the MACD line remains above the signal line and both stay above zero, the path of least resistance is up. If the lines get excessively stretched far above zero, it can signal the trend is getting overextended. 

In addition, the daily Relative Strength Index (RSI) value of 68.49 displays strong bullish momentum, sitting on the doorstep of the overbought territory. As it is firmly above the 50 midline, the buying pressure is strong and driving a clear upward trend.

At this point, the rally has significant momentum, but PI is getting close to where price becomes stretched. The overall momentum is very healthy for bulls. While the trend remains strong, traders watch key resistance levels nearby for potential signs of consolidation as it approaches 70.

Crypto Market Highlights

MUBARAK Up 5%: Is $0.015 Now Within Striking Distance?

• MUBARAK price is up by 5%, hovering around $0.013.  
• The short-term momentum is slowing down.

Within the August 5 market, MUBARAK has flipped the momentum bullish. The potential buyers are dictating its direction. Over the last week, the asset has registered a solid 19% gain. Moreover, the technical structure is positive. The bullish price alignment confirms that buyers would continue to dominate the broader market trend.

As reported by CoinMarketCap data, MUBARAK is currently trading at the $0.01335 mark after moving upward by 5.29% over the last 24 hours. The asset opened the day trading at a low of $0.0126, and after the bullish grip, the price has climbed to a high of $0.01382. Consequently, its trading volume has increased by 53% to $9.17 million. 

MUBARAK’s Key Support and Resistance Levels 

The short-term price structure depends on a few upcoming ranges of MUBARAK. The major resistance range might be at $0.01387, followed by a level at around $0.01439. A higher zone above will act as a crucial areas which decide whether it stabilises or continues to climb. 

On the downside, the first support level would likely be at $0.01283. If the price falls even lower, it may enter deeper zones. A steady slip below $0.01330 confirms that bears are gaining control. With more lower levels sitting nearby to be breached by the MUBARAK momentum.

Where is the Technical Structure Pointing To?

MUBARAK’s four-hour chart shows that the Moving Average Convergence Divergence line and the Signal line are just a few points apart while sitting above the zero line. It indicates momentum compression. The overall trend is bullish, and the buyers still hold the underlying structural control. 

Also, the short-term momentum is slowing down. This is a classic sign of a inflection point right before a major move. If MACD crosses far above the signal, the buyers step back in, with the momentum re-expanding upward. Upon it falling below, a short-term correction would start. 

Furthermore, the daily Relative Strength Index (RSI) is resting at 57.56, suggesting a moderate bullish tone, with buyers maintaining control without pushing the market into extreme territory. As it is positioned above 50, the buying pressure is active and outperforming selling pressure.

Significantly, there is still ample room for the MUBARAK price to move higher before reaching overbought levels. This shows steady upward momentum while carrying lower immediate pullback risk than a high-RSI move. 

Crypto Market Highlights

PUMP Above Resistance: Holding This Level Opens the Door to More Upside

• PUMP price is hovering in the $0.0025 range, up by 12%. 
• The bullish structure remains intact while the breakout zone holds.

Among the digital assets, Pump.fun (PUMP) is trading at $0.002516, posting a surge of over 12.32% in value at press time. Its daily trading volume has climbed 60% to $159.25 million. Notably, the session ranged between a low of $0.00221 and a high of $0.002545. 

The asset has broken above the $0.00235 resistance level, and the price is consolidating over the breakout zone, while the buyers continue defending the $0.00247 support level of PUMP. That’s accumulation above a level that previously acted as resistance. 

The immediate target is $0.00255, and a clean push above that level triggers the major expansion move. If the breakout is strong enough, the $0.0027 range would be the next, followed by $0.0032 as the highest target above.

On the support side, the breakout zone around $0.00235 is the level buyers need to defend. A rejection and breakdown of PUMP below $0.00210 opens downside toward the $0.00190 level, with a notably bigger risk near $0.00180. 

Moreover, the 1H chart is showing a rising wedge, a setup that warrants caution around the $0.00225–$0.00228 resistance zone where momentum is reaching a decision point. The current structure favours bulls as long as the breakout zone holds. 

Does Pump.fun’s Momentum Have the Potential for More Upside?

The technical chart analysis reports that the Moving Average Convergence Divergence is above the signal, reveals the short-term buying momentum is actively outperforming the average trend rate. Buyers dominate the overall market, and the uptrend has expanding momentum.

The asset is in a healthy phase. As long as this crossover stays intact, the path of least resistance is up. When the lines move excessively above zero, it can suggest the PUMP trend is entering an overextended phase.

In addition, the daily Relative Strength Index reading stationed at around 72.16 hints at an overbought market driven by strong bullish momentum. The buyers have been driving the pace, and the trend is powerful, but the risk is elevated for new buyers. 

Strong uptrends can stay overbought for extended periods, serving as a heads-up that momentum is running hot. Many PUMP traders hold onto their positions to ride the strong trend. Also, they wait for the RSI to fall back toward 50–60 before entering.

Crypto Market Highlights

BNB Has Pushed Past $600: The Test Toward Higher Targets Begins

• BNB is currently hovering at around the $601 mark.
• The buyers are in control of both short-term and long-term trends.

Binance Coin, BNB, is currently trading within the $601.61 range, up by 2.1%, with the trading volume surging above 14%, reaching $1.15 billion. The session ranged between $587.58 and $603.95, printing a new 24H high above $600 before pulling back quickly. 

The market is no longer trying to recover the old rally. It’s rebuilding from a stronger base. The ascending channel that carried BNB higher eventually lost momentum and led to a deep correction; instead of extending the sell-off, buyers have repeatedly defended the green demand zone.

It is now printing stronger weekly candles, and the chart right now is less about chasing upside and more about confirming accumulation. The BNB Buyers are holding higher lows consistently, but this resistance has rejected every rally attempt so far.

Zooming in on the recent price pattern, upon holding the $603 level, the asset could see more upside. A clean breakout and sustained close above this zone opens the door toward $609–$615 as the next higher target of BNB. 

On the downside, BNB would fall to $595, followed by $588. The green demand zone that has repeatedly absorbed selling pressure remains the key support. As long as buyers defend it, the accumulation structure stays intact.

Technical Momentum: Can BNB Stage a Potential Breakout?

The Moving Average Convergence Divergence (MACD) line is found above the signal line, which shows that the short-term buying momentum is accelerating, triggering a strong buy signal. Also, both lines are above zero, indicating the long-term trend is strongly bullish. 

Significantly, BNB is in a healthy, high-conviction markup phase, and the buyers are in full control across both short-term and long-term timeframes. If the lines get excessively stretched above zero, the trend could likely get overextended. 

Furthermore, the daily Relative Strength Index (RSI) reading resting at 68.70 displays strong bullish momentum, sitting right on the boundary of the overbought territory. Being above the 50 neutral zone confirms that buyers are actively driving the price upward. 

The standard threshold for an overbought market is 70. At this point, the momentum is intense, but BNB is fast approaching a region where the price can become overextended. Traders look for potential overhead resistance before the next leg up.

Crypto Market Highlights

Avalanche (AVAX) Rebounds Off $6 Support as Buyers Eye Breakout Toward $7

• Avalanche has gained over 6%, trading at $6. 
• AVAX’s daily trading volume is up by 42%.

As of August 4, Avalanche (AVAX ) is trading at around $6.81, up 6% on the day, with the trading volume surging by over 42%, settling at $326.48 million. The asset has spent months bleeding into the black demand zone, but now the chart is shifting. 

With the bearish pressure in the early hours, the AVAX price was pushed down to the $6.42 level. After the change in momentum, it likely tested and broke the crucial resistance and gradually climbed to a high of $6.95. 

Instead of extending the decline with fresh momentum, each monthly candle has been showing reduced downside pressure while defending the same base. On the shorter timeframe, a double bottom is taking shape. Two strong reactions around the $6.77–$6.79 support zone show buyers stepping in aggressively at the same level twice. 

Moreover, the neckline sits at $6.84, the level that confirms the double bottom if broken cleanly. A breakout above it opens the door toward $6.90–$6.95 as the next target zone. Upon holding $6.77–$6.79, the demand zone stays intact. Lose it, and the recovery thesis weakens significantly. 

Can Avalanche Carry the Momentum Higher?

Avalanche’s four-hour technical analysis shows that the Moving Average Convergence Divergence line is stationed above the signal line. The short-term buying momentum is accelerating and triggering a strong buy signal. As both lines are above zero, the long-term trend is strongly bullish. 

Also, the buyers are in full control across both short-term and long-term timeframes. As long as this setup stays intact, the path of least resistance is up. If the lines get excessively stretched far above zero, it indicates that the trend is getting overextended.

Moreover, the daily Relative Strength Index (RSI) value resting at 65.84 suggests strong bullish momentum, showing that buyers are firmly in control of the AVAX market. It is sitting above the 50 neutral line; the price is pushing upward with high conviction.

The uptrend is strong and active, but approaching the overbought level where the move might become slightly overextended. The market is positioned in a clear uptrend, though traders keep an eye out for potential consolidation as the price gets closer to the 70 level. 

Crypto Market Highlights

Cardano (ADA) Gains Momentum as Bulls Begin to Shift Market Sentiment

• Cardano (ADA) is currently hovering at the $0.19 zone.
• Buyers are in full control across both short- and long-term timeframes.

Cardano (ADA) is extending its recent recovery, with its price trading within the $0.1954 zone, up 6.36% over the past 24 hours. The gain in value has been supported by an increase in market participation, with trading volume climbing more than 31% to $733.48 million. 

In addition, the latest price action follows a strong rebound from a key demand zone, where Cardano broke its previous bearish market structure and established a fresh bullish trend. 

On the lower time frame, it is forming a rising wedge, while continuing to trade above both the 25-period and 99-period moving averages, keeping the broader trend positive. A minor dip below the 7-period moving average suggests short-term consolidation rather than a shift in the overall trend.

ADA’s Crucial Price Levels Shaping Next Move

For now, the $0.1895-$0.1860 region remains the most important support zone. As long as ADA holds above these levels, the buyers are expected to retain short-term control. On a broader timeframe, $0.1770 serves as the next major support should selling pressure increase. 

Cardano is currently testing an intermediate resistance level around $0.1980, with another hurdle at $0.1965 before the major $0.20 mark. Furthermore, a decisive close above would strengthen bullish momentum and increase the probability of a move to $0.2180. 

While the rising wedge pattern gives caution, the broader market structure remains constructive as long as key support levels continue to hold. ADA appears well-positioned for a decisive move. 

Will Cardano’s Bullish Momentum Build Ahead?

The technical analysis indicates that the Moving Average Convergence Divergence line is above the signal line. Short-term buying momentum is accelerating and outperforming the average trend rate. Both lines are found above zero; the primary trend is strongly bullish. 

Buyers dominate the overall market structure, and Cardano is in a healthy phase. Buyers are in full control across both short-term and long-term timeframes. As long as the MACD line remains above the signal line and both stay above zero, the path of least resistance is up.

The ongoing market sentiment of ADA is strongly bullish, with the daily Relative Strength Index (RSI) resting at 67.23. Notably, it is sitting right on the doorstep of the overbought territory. As it is firmly above the 50 midline, the buying pressure is strong and driving a clear upward trend.

At this point, the rally has significant fuel, but the asset is getting close to where price can become stretched. The overall momentum is healthy for bulls. While the trend remains strong, traders start watching key resistance levels nearby for potential signs of consolidation as it approaches 70.

Crypto Market Highlights

Bitcoin (BTC) Has Been Grinding Between $63K and $64K: One Side Is About to Run Out of Time

• Bitcoin (BTC) is holding around the $63.8K mark.
• The price is under no immediate pressure to explode or crash.

Bitcoin (BTC) is currently trading at $63,815, up by 1.70% on the day, with the trading volume surging 71% to $26.93 billion. The session has ranged between $62,226 and $64,163, implying a tight band. Over the last 24 hours, $86.34 million in BTC liquidations have been recorded, as per Coinglass data.

Moreover, a new week and a new month have begun, and choppy price action is expected for the first one to two weeks before a clear directional move emerges. Also, the high or low of August is likely to be established within this window. 

The recent correction does not break the trend that has defined Bitcoin for over a decade; it reinforces the case that this is a mid-cycle reset, not the end of the bull run. Previous cycles delivered sharp pullbacks before breaking into price discovery. 

Price has reclaimed support near $62,200 and is now pressing against the descending trendline. A confirmed breakout above that resistance would shift short-term momentum back toward bulls. The transition toward a bullish trend is already underway; the question is whether buyers can sustain it at the current level.

Bitcoin’s Key Support and Resistance Levels

On the upside, $64,000 is the immediate level BTC bulls need to reclaim. A clean break above it could likely open the path toward $65,700 and potentially $67,200. Whale sell walls are positioned at $67,000; that is where serious resistance sits.

On the downside, $63,000 is the support holding the current structure together. Upon losing it, $61,000 comes into focus as the next crucial level. Furthermore, the buy wall of Bitcoin at $62,000 provides an additional floor below that. 

The STDV plotting places a rejection zone around $65,000. The bulls either break through $64K cleanly or face another rejection before that level can be challenged. Significantly, a volume surge inside a tight range is the market loading up for a move. The direction from this $63K–$64K band will define BTC’s trajectory. 

Technical Outlook: Is BTC at Risk of a Pullback?

The Moving Average Convergence Divergence line of Bitcoin is above the signal line, and the downward selling speed has slowed enough to trigger a bullish crossover. Short-term relief momentum is pushing back against the prevailing sell-off. As both lines are below zero, the larger timeframe remains bearish. 

Traders handle this signal with caution, and often wait to see if the bounce fails near resistance to open new shorts at a better price. A closer look toward the MACD lines to cross above the zero line, which would officially confirm a macro trend reversal into bullish territory.

Besides, the daily Relative Strength Index (RSI) at 54.40 exhibits a neutral market with a slight bullish bias, with equilibrium between buyers and sellers. Being over the 50 line shows that buyers have a very slight edge, but neither side is in strong control. It sits in the centre between oversold and overbought. 

The price is under no immediate pressure to explode or crash. The BTC market is either consolidating sideways or in the early, indecisive stages of building a new trend. A move above 60 signals buyers taking strong control, while a drop below 40 confirms sellers are taking over.

Crypto Market Highlights

Coldcard Attack Escalates: Fourth Wave Pushes Bitcoin Theft Past $90 Million

• The estimated losses from the Coldcard attack have climbed to $90M, with 1,367+ BTC drained from over 4,500 wallets.
• The active fourth wave has impacted 462 wallets, shifting 388.92 BTC across 218 transactions into 216 newly created addresses.

What started as a warning has become one of the most serious hardware wallet security incidents in Bitcoin’s history. Over the past three days, Coldcard devices running vulnerable firmware have been drained by attackers who discovered a critical flaw. 

The seed phrases generated by affected devices had lower entropy than intended, making them predictable and exploitable. The damage had reached an estimated $90 million stolen from over 4,500 wallets, with over 1,367 BTC drained across multiple coordinated waves of attacks.

The Fourth Wave Is Still Active

Alex Thorn, Head of Research at Galaxy Research, flagged a likely fourth wave. The pattern across blocks 960,778 to 960,792, spanning roughly 2.5 hours, showed 218 transactions hitting 462 victim addresses, with 216 fresh destination wallets receiving 388.92 BTC. 

The sweep activity was running at approximately 45 times the normal rate, 13.8 sweeps per block versus a baseline of 0.3. Moreover, every transaction showed zero inputs predating the Coldcard firmware boundary. The topology was 1:1, one fresh destination per victim, with no collector funnel. 

After correcting for six addresses with prior transaction history, the surviving core of wave 4 stands at 709 addresses and 448.73 BTC. Also, some stolen funds have already moved to second-hop addresses. Transactions still carrying RBF opt-in signals may offer a narrow window for victims to respond. 

What Coldcard Has Done?

Coinkite, the Canadian company behind Coldcard, confirmed the vulnerability and moved quickly. All remaining units at their facilities with affected firmware were destroyed, and the shipments have been halted. Those who had received affected orders were contacted directly with migration steps.

Patched firmware is now available for every affected model, but the fix only protects newly generated seed phrases. Any seed created on the vulnerable firmware remains at risk regardless of the update. Users must generate a new wallet and move all funds immediately.

Satscard, Opendime, and Tapsigner use different codebases and are not affected. For users needing an immediate alternative, Coldcard has suggested Bitkey, Ledger, Trezor, Jade, and Bitbox as temporary options. 

Additionally, it has asked the affected users to keep their devices to support any future recovery efforts. The affected firmware versions are Coldcard Mk3, running v4.0.1 through v5.0.3. 

An exploit of this scale hitting a device widely regarded as one of Bitcoin’s most trusted cold storage solutions shakes confidence in hardware wallet security broadly. 

Crypto Market Highlights

Ethereum (ETH) Falls to $1.8K: Bulls and Bears Clash at a Critical Level

• Ethereum (ETH) price is currently hovering at $1.8K.
• The downtrend intensifies in both short-term and long-term timeframes.

As of August 1, the largest altcoin, Ethereum (ETH), is within the $1,800 range. The price has settled into a tighter band, with the session ranging between $1,847 and $1,888. Meanwhile, the 24-hour trading volume has reached $7.43 billion, down by 15%. 

Notably, July ended with a reasonable gain, and August is historically a slower month for most markets. Also, the first few days of a new month tend to bring choppy price momentum and fake-outs before any clear direction emerges for the assets. 

The rebound from the long-term ascending trendline played out as expected. But buyers are now facing their first technical challenge, resistance exactly where previous analysis had flagged it. Rather than collapsing after hitting that zone, ETH has been defending a sequence of higher lows while consolidating beneath it. 

Ethereum’s Potential Price Levels to Watch

Upon reclaiming the $1,880 level, the flush to $1,800 looks like the low. That is the zone which confirms the buyers are back in control of the ETH market. Conversely, losing $1,848 opens the door to a range below $1,840 as the next crucial area to concentrate. Below that, the ascending trendline becomes the last line of defence for the broader recovery thesis.

On the upside, a confirmed breakout above the resistance zone that capped the latest advance would strengthen the developing reversal structure and move upward to continue aiming higher targets. 

Moreover, volume down during consolidation beneath resistance is normal; it reflects the market waiting rather than retreating. The next decisive move above or below current levels will confirm whether July’s gains hold into August or give way to the seasonal slowdown.

Technical Outlook: Which Direction Will ETH Move?

The ETH/USDT pair’s Moving Average Convergence Divergence line is found below the signal line. And as both lines are below zero, the overarching market setup indicates a strong, active downtrend with expanding bearish momentum.

The negative sentiment is intensifying on both short-term and long-term timeframes. Traders often view this as a clean downtrend-continuation zone, and look for shorting opportunities until signs of a bullish crossover appear. 

In addition, the daily Relative Strength Index (RSI) of Ethereum is at 40.79, suggesting bearish-to-neutral momentum. It shows that the sellers control the market, though not aggressively enough to trigger oversold conditions. 

Being under 50 confirms that the overall market favours sellers. It is worth noting that there is still room for price to move down. Traders wait for a drop to 30 to spot buying opportunities, or a cross back over 50 to confirm a recovery.

Crypto Market Highlights

PI Price Is Pushing Higher: The Test to Hold This Level Begins

• PI is currently trading at the $0.086 mark, up 5%.
• The buyers are in full control of the market.

Pi Network’s token is trading at $0.08622, up by over 5.04% on the day after pushing from a session low of $0.08013 to a high of $0.08717. That is a clean low-to-high move that shows buyers in control. Also, the daily trading volume has settled at $11.07 million, as per CMC data. 

Three short-term bullish factors of the asset are worth noting. The Pi Core Team has set August 11, 2026 as the deadline for Mainnet node operators to upgrade to Protocol 26, with Protocol 27. It is aimed at making the network fully open and interoperable.

In addition, PI also ranks number one in CoinMarketCap’s bullish community sentiment ranking. The chart is showing bottom and breakout formations that align with the current price action. 

Significantly, the major price movements of PI are crucial. It is printing a rising wedge with price pressing toward the $0.087–$0.089 resistance zone. Holding $0.080–$0.082 support is critical for the bullish structure to remain intact. A clean breakout above resistance opens the path toward the short-term target of $0.10.

Will PI Maintain Its Upside Momentum Ahead?

The technical analysis reports that PI’s Moving Average Convergence Divergence line is positioned above the signal line. The short-term buying momentum is up and actively outperforming the average trend rate. As both lines are above zero, the long-term trend is strongly bullish. 

Buyers dominate the overall market structure across both short-term and long-term timeframes. The asset is in a healthy markup phase. Buyers are likely in full control. As long as the lines and momentum remain above the path of least resistance is up.

Moreover, the daily Relative Strength Index (RSI) value of PI is settled at 67.43. This hints at strong bullish momentum, sitting right on the edge of overbought territory. It is firmly above the 50 line, and the market is experiencing strong, consistent buying pressure. 

With this reading, the momentum is powerful, but the token is getting close to an area where the price can become overextended. While buyers remain in command, traders look for upcoming resistance levels as it approaches 70 for potential signs of consolidation. 

Crypto Market Highlights

Bitcoin (BTC) Nears the Finish Line as TD Sequential Flashes a Sell Signal

• Bitcoin is currently hovering at around $62.9K.
• The BTC chart is forming a bearish engulfing pattern.

The dominant digital asset, Bitcoin (BTC), is currently trading at $62,984 with a session range between $62,410 and $64,432. Meanwhile, its trading volume is sitting at $27.84 billion, with the BTC market having seen $97.62 million in liquidations over the past 24 hours. 

The 3-day chart from Alicharts exhibits that a TD Sequential sell signal has printed just ahead of August, a month that has historically been associated with Bitcoin pullbacks. 

Adding to the bearish case, BTC has printed a bearish engulfing candle on the daily chart and failed to reclaim market structure after rejecting the retest of the broken rising channel. As long as price trades below that structure, the bearish bias remains intact.

Key Support and Resistance Levels of BTC

The immediate picture of the asset’s price trajectory is clear. It needs to break above $65K to generate any lasting serious momentum. Until that happens, any movements of BTC between $60K and $65K are just sideways action.

On the downside, $60K–$61K is the first crucial test. The $58K–$60K zone has been defended repeatedly and remains the strongest support. Moreover, a Bitcoin breakdown below that opens the path to the $55,000 threshold.

One more liquidity sweep remains a real possibility before any recovery attempt becomes the conversation. Also, a TD sell signal and a bear engulfing candle heading into a historically weak month is not a combination bulls want. The next move from $63K will set the tone for the rest of August.

Is Bitcoin Preparing for an Extended Downside?

The Moving Average Convergence Divergence line is below the signal line, and the short-term selling pressure is accelerating, triggering a strong sell signal. Moreover, both lines are below zero, hinting that the overarching market setup is strongly bearish. 

Bitcoin is in a heavy sell-off phase. Downward momentum is intensifying on both short-term and long-term timeframes. Traders view this as a clean downtrend-continuation environment within the market. 

Furthermore, the daily Relative Strength Index (RSI) reading is at 38.29, indicating strong bearish momentum, sitting above the oversold territory. Sellers are in clear control of short-term price action, driving a persistent downward trend.

While momentum favours the bears, the indicator is creeping even lower, where it becomes potentially due for a bounce. BTC Traders look at support levels as it moves closer to 30 for potential signs of buyer exhaustion.

Crypto Market Highlights

Uniswap (UNI) Hits Double-Top Resistance: Can Bulls Force a Breakout as Momentum Slows? 

• Uniswap (UNI) is hovering near $4 after a gain of over 7%.
• The price failed to break the same resistance on two attempts.

As it is the ultimate day of the month, Uniswap (UNI) is trading within the $4.36 mark, steadily up by over 7.30%. Meanwhile, the session has ranged between a low of $4.06 and a high of $4.55. 

Significantly, the daily trading volume has exploded by 98% to the $527.17 million range. Moreover, the UNI market has seen the liquidation of $1.82 million during the last 24 hours, according to Coinglass data. 

The price has tested the same resistance level twice and failed to push through both times. That’s a double top, and it’s one of the more reliable bearish reversal signals when it shows up at a key resistance zone. Buyers have had two chances to break higher and have not managed it. 

The neckline is the support level to watch. As long as it holds, the pattern remains unconfirmed, and traders stay cautious. A breakdown below the neckline confirms the double top and opens the door to a deeper pullback. 

A massive volume explosion on a double top rejection is a signal worth taking seriously. Big volume at failed resistance means sellers are showing up with conviction. 

Key Price Levels of Uniswap

With the current bullish trading pattern, the initial and crucial resistance level could be at $4.63. Assuming the UNI momentum is gaining more traction, the price might climb and test $4.89. Further upside could trigger the golden cross to take place and set the higher targets in the aim to be broken. 

On the downside, if the Uniswap sentiment turns negative, the immediate support might be at $4.12. An extended bearish correction would initiate the death cross emergence, likely pushing the price into a deeper zone below $3.87. This zone acts as a crucial point to decide whether it stalls or slips. 

UNI’s Technical Chart Analysis 

The recent chart reveals that the Moving Average Convergence Divergence line is above the signal line. Short-term buying momentum is accelerating, triggering a strong buy signal. Also, both lines are above zero, hinting that the long-term trend is bullish. 

Uniswap is in a healthy, high-conviction markup phase, and the buyers are in full control across both short and long-term timeframes. As long as the MACD line remains above the signal line and both stay above zero, the path of least resistance is up.

In addition, the daily Relative Strength Index (RSI) is resting at 67.78, suggesting strong bullish momentum, sitting right on the peak of overbought territory. Sitting above the 50 mark, the asset is experiencing sustained, aggressive buying interest.

The UNI market is running close to getting stretched, with the trend strongly upward. While momentum is powerful and can continue higher, traders start watching for signs of temporary exhaustion or resistance as it approaches the 70 mark.

Crypto Market Highlights

IRS Fraud Alert: Fake Letters Target Crypto Holders in Data-Stealing Scam

• The IRS has warned that scammers are sending fake official letters targeting crypto holders to steal their digital assets and personal data.
• The fraudulent letters instruct recipients to sign up for a fake portal, which the agency confirms does not exist.

The IRS Criminal Investigation unit has issued a warning to cryptocurrency holders about a sophisticated phishing scheme. It uses official-looking paper letters to steal personal data and digital assets. The scam is built around a fake Digital Asset Compliance Portal, a portal the IRS confirms does not exist. 

Crypto holders receive a letter that appears to be from the IRS, complete with official formatting and a deadline. Moreover, the letter instructs recipients to enrol in the non-existent Digital Asset Compliance Portal before that deadline. 

Inside the letter is a QR code; scanning it takes the recipient to a spoofed IRS website designed to harvest personal information. In some cases, it likely tricks people into initiating direct transfers of their crypto holdings to scammers.

Why Is This Scam Working?

The IRS has been sending legitimate educational compliance letters since 2019 to individuals suspected of underreporting digital asset activity. At that time, more than 10,000 taxpayers had received letters from the agency about their crypto transactions. 

It hints that receiving IRS mail about cryptocurrency is no longer unusual, which is exactly what scammers are counting on. The agency has increased its scrutiny of digital asset reporting, making the compliance portal feel entirely plausible to someone who is not aware of the fake scheme.

The IRS has been direct about this: it does not send QR codes in official correspondence. If a letter claiming to be from the IRS contains a QR code, that’s the signal to stop before doing anything else.

In addition, the agency also does not ask taxpayers to transfer digital assets as part of any compliance process, and it does not operate any digital asset enrollment portal. Any legitimate IRS notice can be verified through IRS.gov or by calling the number listed on that site.

What To Do If You Receive One?

It is advised not to scan the QR code on the letter, and not to call any number listed in the letter. Do not enter personal information on any site reached through a link or QR code in unsolicited mail. Also, directing to use the agency’s own tools to check your account status.

Furthermore, the scams that impersonate regulators erode trust in legitimate IRS communications around crypto compliance, at a time when the agency is actively increasing enforcement. 

Crypto Market Highlights

A High Target Is Set for ONDO: Can a Break Above $0.4218 Trigger a Run to $0.70?

• ONDO is currently trading around the $0.41 mark.
• Buyers are in clear control of short-term price action.

The broader crypto market sentiment is fear, and the digital assets are found in both red and green across the board. Meanwhile, the token ONDO is currently trading at $0.4138, up 2.87%, with the trading volume climbing 10.82% to $134.78 million. Moreover, this session has ranged between a low of $0.3911 and a high of $0.4218. 

ONDO is attempting to break out of a falling wedge, a pattern that historically resolves to the upside. A daily close above $0.4218 confirms the breakout and triggers the potential bullish setup within the market. Without that close, the trading pattern of the asset remains unconfirmed regardless of the intraday moves.

If the above-mentioned breakout is confirmed, the next crucial target of ONDO sits at $0.70, which is a significant 66% move from the breakout level. 

What Is ONDO’s Short-Term Technical Momentum Signalling?

The ONDO/USDT trading pair shows a bullish turn on the four-hour charts. With the recent gain in value, the momentum could push the price to the resistance at around $0.4161. If the mighty bulls persist, the golden cross could emerge and likely send the price above $0.4184. 

On the contrary, if the price pattern prints a red graph, it is typically a negative signal. The immediate support of ONDO would be at $0.4115. A failure to hold this level could invite a strong downside correction, followed by the formation of the death cross, pushing the price below $0.4091. 

ONDO’s technical chart reports that the MACD line is above the signal line, with the short-term buying momentum is accelerating. As both lines are above zero, the broader trend is strongly bullish, and the buyers dominate the overall market structure. 

The asset is in a healthy, high-conviction markup phase. Traders consider this a prime trend. If the lines get excessively stretched far above zero, it can signal the trend is getting overextended.

The ongoing market sentiment of ONDO is strongly bullish, with the RSI value at 65.20, approaching the overbought boundary. Buyers are in clear control of short-term price action, driving a healthy uptrend. 

The momentum is powerful; the indicator is creeping closer to the 70 line, where assets start to become overextended. The market is showing strong buying strength with a solid upward push. Traders view this as a healthy continuation zone. 

Crypto Market Highlights

Zcash (ZEC) Is Climbing: How Long Does It Last?