Is on-chain throughput now defining RLUSD’s market maturity?
RLUSD’s expansion began after its December 2024 launch, as early exchange listings built baseline circulation and pushed the market cap beyond $1 billion. Subsequently, Binance’s January 2026 listing marked a structural liquidity inflection, expanding access through global distribution and zero-fee trading incentives. Trading volumes and exchange reserves then climbed as custodial deposits seeded supply. Shortly after, withdrawal activation enabled on-chain migration. On 12 February, XRPL integration opened deposit rails while liquidity matured.
Consequently, Binance strengthened stablecoin market share, while the XRP Ledger gained settlement depth. Together, these developments are advancing RLUSD’s cross-border payment utility and multi-network circulation. Issuance dynamics balance RLUSD liquidity expansion Supply expansion extended the earlier exchange-driven momentum, as RLUSD’s circulation climbed to roughly $1.52 billion by mid-February 2026. This growth was propelled by Binance onboarding, institutional inflows, and payment corridor seeding. Issuance scaled through treasury mints of 59 million, 28.2 million, and 35 million, routing liquidity into exchanges and DeFi rails as demand intensified. Alongside this expansion, measured burns—such as 2.5 million on Ethereum [ETH]—tempered oversupply – Reinforcing peg stability above 103% collateralization.
Chain allocation then clarified deployment intent. Ethereum absorbed nearly $1.2 billion, or 77–79%, driven by liquidity provisioning and collateral utility. XRPL held about $348 million, or 22–23%, reflecting settlement routing. As XRPL deposits opened, cross-border throughput improved. This dual expansion deepened exchange liquidity, strengthened DeFi rails, and advanced payment infrastructure across both ecosystems. On-chain velocity and liquidity utilization efficiency RLUSD’s circulation scaled to roughly $1.52 billion by mid-February 2026, remaining small compared to Tether’s [USDT] $185 billion dominance. However, on-chain behavior began diverging early. Transfer activity accelerated, with about $6.3 billion moving monthly. On the contrary, USDT processed far larger absolute flows but showed lower per-unit velocity due to its vast circulating base. Much of USDT’s liquidity has been parked across exchanges, derivatives venues, and DeFi collateral pools. RLUSD flows, meanwhile, rotated more actively through settlement corridors. Chain distribution reinforced this split. Ethereum balances leaned towards liquidity provisioning, while XRPL allocations processed faster payment routing. Exchange reserves also thinned faster relative to supply, signaling migration towards utility endpoints. Finally, institutional treasury settlements and cross-border transfers have driven a larger share of movement. Sucb a comparison frames RLUSD less as a trading stablecoin and more as a settlement-optimized instrument. One operating alongside USDT’s market-dominant liquidity role. Final Summary RLUSD’s growth transitioned from exchange circulation to settlement utility as Binance access, elastic issuance, and XRPL rails converted supply into payment capacity.Liquidity deployment underlined functional specialization, with Ethereum anchoring collateral depth while XRPL drove settlement velocity beside USDT. #thanksbinance #CryptoNewss #cryptooinsigts #Binance
ZCash rallies after 71% volume spike: Can ZEC reclaim $400?
ZCash [ZEC] has rallied 24.36% in the past 24 hours, at press time. According to CoinMarketCap data, its daily trading volume has increased by 71% to $491.38 million. Is this a weekend fake-out, or the start of the next trend? Understanding the longer-term ZEC price action AMBCrypto had reported last week that a price drop to the $80-$115 imbalance was a likelihood. Fair value gaps, or imbalances, tend to act as magnets to the price. At the same time, the $200 round number also represented a potent support zone, the report observed. This has come to pass. ZCash’s latest bounce originated from $184, which was a key Fibonacci retracement level on the weekly chart. The 1-week timeframe’s price action showed that the swing structure remained bullish. The 78.6% retracement level sat at $187.89. After retesting this support, ZEC has rallied by 55.29% in 8 days. Should you expect a ZEC dip? The wider market sentiment was strongly fearful. Bitcoin [BTC] has fallen below the $70k level and struggled to reclaim it convincingly over the past week. It seems likely that the downtrend would continue. The short liquidations above the current Bitcoin market price could take it higher, giving altcoins some respite. This can aid ZEC, which is at a structurally sound support level after making multi-year highs in 2025.
The 1-day chart showed that it was not the $300 resistance that bulls should be worried about. During the retracement, the $365-$450 region saw two order blocks form that formed the base of another bearish continuation. Therefore, these areas were likely to serve as supply zones on the way higher once again. Why traders must wait for better conditions The 1-day timeframe’s technical indicators were neutral or bearish. The A/D volume indicator was flat to show no strong buying, the MFI was at 52, and the Awesome Oscillator was below the zero line. They showed momentum was beginning to turn bullish, but also highlighted weak demand. In this situation, risk-averse investors can wait for a greater influx of buying pressure before looking to go long. They would also want to see the $400 supply zone reclaimed before buying. Final Summary ZCash has rallied 55% in just over a week, and was up over 24% within a day on high trading volume.Consistently high buying pressure and a breakout past the key supply zones overhead will signal that the privacy coin is ready for recovery.
PIPPIN: Mapping memecoin’s road to $0.72 after 22% daily rally
Pippin [PIPPIN] continued its explosive rally, holding an ascending channel since successfully holding $0.15. PIPPIN has closed at higher highs for six consecutive days, touching a high of $0.65, clearing all 2026 losses. At press time, Pippin [PIPPIN] traded at $0.600, up 22.4% on the daily charts, adding to its 225% gain on weekly charts. This sustained uptick reflects consistent demand across all market participants, supporting higher levels. PIPPIN buyers show sustained conviction While most crypto assets have bled significantly in recent weeks, PIPPIN has made substantial gains. The memecoin’s uptrend has held, as buyers have continued to enter the market despite emerging weak points. In fact, the memecoin’s Net Buy volume climbed to 201 million as of writing, with buy volume rising to 94.4 million on the daily charts. At the same time, its trading volume fell to 88 million, according to Coinalyze data, a clear sign of buyer dominance on the spot market.
Moreover, exchange activity also echoed this accumulation trend. According to Coinglass data, $9.7 million in PIPPIN flowed out of exchanges, compared with $6.7 million in inflows. As a result, the memecoin’s Spot Netflow fell 280% to -$3.01 million. Often, lower net flow indicates a higher accumulation rate.
With buying pressure dominating the market, it suggests healthy market sentiment, often a prelude to higher prices if sustained. The memecoins shorts squeezed As the memecoin rally continued, demand for futures positions also skyrocketed significantly. Those shorting the market were forced to close their positions and flip to longs. As they attempted to buy back, their buying pressure drove prices even higher, causing more shorts to close. Short position holders experienced a bloodbath with short position liquidations dominating for six consecutive days.
Over this period, short positions worth $15.7 million have been liquidated. Amid these dramatic shifts, capital began to flow into longs, with the Long-Short Ratio rising to 1.089 as of writing, driven by a 10.6% increase in Open Interest. Often, when shorts are squeezed, while capital flows into longs, it strengthens upside momentum, leading to higher prices. Can bulls flip $0.72? PIPPIN showed strong, sustained bullish momentum as buyers continued to accumulate on the spot while shorts chased the rally. In doing so, the memecoin’s Relative Strength Index (RSI) surged to 71, at press time, indicating near-total buying dominance. At the same time, it continued to hold above its short- and long-term moving averages, further validating upside strength.
With momentum indicators elevated to such levels, this indicates a healthy market structure and a high likelihood of bullish continuation. Thus, if demand continues to dominate the market, PIPPIN will retest $0.65 and target the $0.72 resistance level. However, if sellers take the rally as an opportunity to cash out, the memecoin will retrace to $0.40 with EMA20 at $0.36 acting as key support. Final Summary Pippin extended its rally, hiking to a high of $0.65 before slightly retracing to $0.600 at press time.The memecoin’s uptrend persisted as spot buyers continued to defend higher levels, while shorts were squeezed.
‘We’ll get it done’: White House calls CLARITY Act a regulatory unlock
The Donald Trump Administration remains committed and hopeful that the crypto market structure bill, the CLARITY Act, could be passed into law before the November midterm elections. In a recent interview with Yahoo Finance, Patrick Witt, the executive director for the U.S. President’s Council of Advisors for Digital Assets, said, “Even if we get the CLARITY Act out of the Senate Banking Committee, it needs to be reconciled with the Senate Agriculture Committee’s portion. He continued, “Ultimately, there’ll be a cloture vote and a Senate floor passage vote; that’s all it takes time. I believe we’ll get this done.” However, he acknowledged the stablecoin yield as the key sticking issue derailing the bill’s progress. But Witt reiterated the importance of getting the bill to the finish line, adding, “There are trillions of dollars in institutional capital on the sidelines waiting to get into this space. Regulatory clarity is the unlock.” Will the third stablecoin yield meeting be fruitful? Worth pointing out that White House, led by Witt, has held two meetings to broker a stablecoin yield compromise between the crypto and traditional finance industries. Although none led to a deal, last week’s meeting broke some ground, according to Witt. In fact, some crypto leaders, including Ripple’s CLO, viewed it as a positive progress for a potential “compromise.” There could be another meeting next week to iron out some of the pending issues, Witt noted. During last week’s negotiations, the banking industry enlisted principles for the stablecoin deal, including the safety of bank deposits. In a rejoinder, The Digital Chamber (TDC), one of the crypto trade unions involved in the negotiations, released its version of ‘principles’ for the stablecoin yield deal. TDC listed preservation of the U.S. dollar’s dominance and data-dependent frameworks to verify the impact of stablecoins on bank deposits, amongst others, as the principles.
Assessing CLARITY Act passage odds It’s unclear whether next week’s round of negotiations will help reach a compromise. When asked whether the bill would be passed by March or Q2, Witt said it could be done before the political season for the midterms begins. There’s no doubt the bill’s progress could boost the market sentiment. Even the U.S. Treasury Secretary Scott Bessent said the bill’s positive momentum would give ‘great comfort to the crypto market.’ He urged stakeholders to push for the bill’s passage by Spring. Still, Kalshi bettors were only pricing a 36% chance of the bill’s passage by June and a 22% chance by March. Put differently, the market had not priced in the possibility that the bill would become law this year. Final Summary Trump’s crypto advisor, Patrick Witt, said there will be another meeting next week to reach a deal on the stablecoin yield. The market was pricing only a 36% chance of the bill’s passage by June.
This week stress-tested the market with back-to-back data drops, and from here it looks like bulls are absorbing the volatility, especially as incoming data continues to surprise analysts without driving meaningful downside. Bitcoin’s [BTC] technical setup reinforces that view. Despite the FUD, BTC continues to chop above its early February low near $59k. Naturally, the key question now: Is this resilience actually signaling a market bottom? CPI relief sharpens the divide between bulls and bears Lately, macro prints have been driving sharp sentiment swings in Bitcoin. Take the latest jobs report. It came in “stronger than expected,” reinforcing the resilience of the U.S. labor market. However, that quickly reignited a clash between bulls and bears over what it means for the rate-cut path. Then, on the 13th of February, the Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which printed at 2.4%, below the expected 2.5%, quickly shifting the debate back in favor of the bulls.
The reaction was swift. Bitcoin closed the day up 3.93%, marking its strongest intraday gain in two weeks. Bears naturally took the hit, with short liquidations accounting for roughly 85% of the $267 million flushed. That said, the real test of bullish conviction is just beginning. Technically, bears are still leaning against a breakout, with a dense liquidity cluster building around a key price band. Unless Bitcoin clears this range “decisively,” the latest move risks being just another short squeeze. Bitcoin bulls need conviction amid on-chain pressure Bears continue to argue that annual inflation remains elevated. Notably, this divergence in bull-versus-bear positioning around recent macro prints is now showing up on-chain. Bitcoin’s funding rates remain in the red, pointing to a persistent short bias despite recent price resilience. The result? A dense short-side liquidity cluster is forming between $70k and $75k, with roughly $150 million in Bitcoin sell pressure, making this a key resistance zone bulls must clear to sustain the rally. On-chain accumulation around Bitcoin’s current spot is increasing. BTC ETFs saw a $15 million inflow after two consecutive days of outflows, hinting at a flip, but the trend is still too weak to fuel any meaningful upside for BTC. The bigger picture? Even with CPI relief, U.S. investors aren’t stepping in, likely pricing in a correction before committing. Taken together, this suggests bulls will need more conviction to push Bitcoin out of its current chop. From a technical standpoint, BTC’s near‑4% rally appears fueled more by a short squeeze than genuine buying pressure. If that dynamic persists, momentum could swing back to the bears, leaving Bitcoin longs exposed to significant risk. Final Summary Bitcoin faces key resistance as short-term liquidity builds between $70k– $75k, with bulls struggling to convert the recent rally into sustained momentum.The move appears driven by a short squeeze, keeping Bitcoin longs exposed to downside risk. #BTC #Write2Earn #CryptoNewss #cryptooinsigts
Binance’s CZ slams $1B Iran sanction allegations as ‘paid FUD’
Binance’s exchange troubles are far from resolved. The platform now faces allegations of a compliance lapse, the same type of issue that previously led to a $4 billion fine and the jailing of its founder, Changpeng Zhao (CZ), in 2024. According to a Fortune report, Binance fired investigators who reportedly found evidence of $1 billion transactions in 2025 linked to sanctioned Iranian entities on the platform. But the exchange has distanced itself from the report, with CZ calling it ‘paid FUD’ or the work of an ‘unhappy’ ex-employee. Similarly, the current Binance CEO, Richard Teng, called the report ‘irresponsible’ but added that compliance is a never-ending effort. “This is especially so with the increasing sophistication by bad actors employing tools and techniques to avoid detection. We will continue our tireless efforts to fight illicit crimes and uphold global integrity.” Iran crypto booms draw U.S. scrutiny Interestingly, Binance’s 2023 plea deal allowed the Department of Justice (DoJ) to establish independent compliance monitoring on the platform for up to 3 years (scheduled to end in 2027). However, the reported $1 billion in Iranian transfers appeared to have slipped through the cracks. In 2025, TRM Labs, a blockchain security firm, established that Iran received over $10 billion in crypto. And half of this was linked to the Islamic Revolutionary Guard Corps (IRGC), the armed military arm of the current regime. The ongoing geopolitical tensions and local social unrest forced both Iranian citizens and the government to opt for crypto. According to TRM Labs’ Ari Redbord, the U.S. Treasury was concerned about the surge in Iranian crypto activity and evasion of the imposed sanctions. It remains unclear whether the U.S. Treasury or the DoJ will follow up on the alleged Binance violations. Impact on the exchange Despite the update, the exchange remained relatively stable, with no panic outflows. Over the past few days, the exchange saw some outflows amid market volatility. However, its BTC reserves have surged from 651K BTC to 666K BTC, underscoring that investor confidence in the platform remained strong, as of press time. Similarly, Binance’s native token, BNB, remained relatively stable but struggled to hold above $600 amid broader market weakness. Final Summary Binance’s CZ slammed the Iranian claims as a ‘paid FUD,’ maintaining the exchange runs several third-party anti-money laundering (AML) tools. Iran’s crypto activity increased to $10 billion, with half of the transfers driven by the government. #CZ #cryptooinsigts #CryptoNewss #Binance
XRP/USDT Trade Setup: Current Price: 1.4616 USDT Trend Analysis: XRP is in a strong bullish trend, with the price currently above the 7-period moving average (MA). The price is making higher highs, and it is currently consolidating just below the recent high. Key Levels: Support: 1.3461 USDT (Previous low, a strong support zone) Resistance: 1.4769 USDT (Price tested this level and saw a minor pullback) Trade Setup: Entry Point: Consider entering a long position at 1.4600 USDT if the price shows strength above 1.4570, suggesting that the uptrend will continue. Stop-Loss (SL): Place your stop-loss below 1.4250 USDT, just under the recent low, to limit potential losses. Take-Profit (TP): Set your take-profit around 1.4769 USDT, targeting the next major resistance level. Risk-Reward Analysis: Risk: 1.4600 (Entry) - 1.4250 (SL) = 0.0350 USDT Reward: 1.4769 (Resistance) - 1.4600 (Entry) = 0.0169 USDT While the reward seems smaller than the risk, it’s a solid setup if the price breaks past 1.4650 for a breakout towards 1.4769. Conclusion: Long Position: At or near 1.4600 USDT (Watch for breakout confirmation) SL: Below 1.4250 USDT (Recent low) TP: Near 1.4769 USDT (Resistance zone) This setup targets the continuation of the bullish trend and utilizes key support and resistance levels for entry and exit points. $XRP
SENT/USDT Trade Setup: Current Price: 0.02295 USDT Trend Analysis: SENT is in a downtrend, currently trading below both the 7-period and 25-period moving averages (MA). There was a recent pullback from the higher levels, and the price is now testing the support zone. Key Levels: Support: 0.02202 USDT (Recent low point, where the price has bounced) Resistance: 0.02606 USDT (Price recently faced rejection here) Trade Setup: Entry Point: Consider entering a short position at 0.02295 USDT, as the price is currently near the support zone and shows weakness with a lower high pattern. Stop-Loss (SL): Place your stop-loss at 0.02380 USDT, just above the recent resistance zone. Take-Profit (TP): Set your take-profit at 0.02202 USDT (the previous low), targeting a further decline. Risk-Reward Analysis: Risk: 0.02380 (SL) - 0.02295 (Entry) = 0.00085 USDT Reward: 0.02295 (Entry) - 0.02202 (TP) = 0.00093 USDT While the reward is slightly higher than the risk, keep in mind that the downtrend could continue if the support breaks. Conclusion: Short Position: Around 0.02295 USDT (Watch for price rejection) SL: Above 0.02380 USDT (Resistance zone) TP: Near 0.02202 USDT (Support zone) This setup takes advantage of the downtrend and aims for a continuation to the downside. Keep monitoring for a breakout or rejection near support. $SENT
ETH/USDT Trade Setup: Current Price: 2,074.81 USDT Trend Analysis: Ethereum is currently experiencing bullish momentum, trading above the 7-period moving average (MA) and recently hitting a new high at 2,107.67 USDT. A pullback is possible, but the trend remains generally positive. Key Levels: Support: 1,897.24 USDT (Strong support level, where the price has previously bounced) Resistance: 2,107.67 USDT (Price recently tested this level and failed to break higher) Trade Setup: Entry Point: Consider entering a long position at or around 2,075.00 USDT as the price is currently stabilizing close to this level after a recent surge. Stop-Loss (SL): Place your stop-loss at 2,025.00 USDT, just below the short-term support level. Take-Profit (TP): Set your take-profit near the resistance level at 2,107.67 USDT, aiming for a breakout above this level for further upside potential. Risk-Reward Analysis: Risk: 2,075.00 (Entry) - 2,025.00 (SL) = 50 USDT Reward: 2,107.67 (Resistance) - 2,075.00 (Entry) = 32.67 USDT The risk-to-reward ratio is relatively tight, so watch the price closely for any breakouts or signs of reversal. Conclusion: Long Position: At 2,075.00 USDT (Watch for momentum) SL: Below 2,025.00 USDT TP: Near 2,107.67 USDT (Resistance zone) Monitor the market closely for a potential breakout above 2,107.67 USDT to capture further gains. $ETH
SOL/USDT Trade Setup: Current Price: 87.11 USDT Trend Analysis: SOL is in an uptrend, with price comfortably above its 7-period moving average. There’s been a slight pullback from the recent high, but the overall momentum remains bullish. Key Levels: Support: 76.60 USDT (Strong support zone, where the price has bounced multiple times) Resistance: 87.33 USDT (Price recently tested this level but failed to break higher) Trade Setup: Entry Point: Consider entering a long position at 87.00 USDT, as the price is approaching resistance but still showing upward momentum. Stop-Loss (SL): Set your stop-loss just below the recent support at 85.50 USDT to minimize potential losses in case the trend reverses. Take-Profit (TP): Set your take-profit near the resistance at 87.33 USDT, aiming for a price breakout above this level for further upside potential. Risk-Reward Analysis: Risk: 87.00 (Entry) - 85.50 (SL) = 1.50 USDT Reward: 87.33 (Resistance) - 87.00 (Entry) = 0.33 USDT While the risk/reward ratio is fairly tight, a breakout above 87.33 USDT could offer further upside momentum, so keep an eye on that level. Conclusion: Long Position: Around 87.00 USDT (Watch for momentum) SL: Below 85.50 USDT TP: Near 87.33 USDT (Resistance zone) $SOL
STORJ/USDT Trade Setup: Current Price: 0.1044 USDT Trend Analysis: The price is currently moving in an upward trend, bouncing above the 7-period moving average (MA). However, it has recently faced resistance at 0.1060 USDT. Key Levels: Support: 0.0962 USDT (Strong support zone, where the price previously bounced) Resistance: 0.1060 USDT (Price reached this level and reversed) Trade Setup: Entry Point: Consider entering a long position at or near 0.1040 USDT if price holds above the 7-period moving average (MA). Stop-Loss (SL): Place your stop-loss just below the recent support level at 0.0960 USDT to limit potential losses. Take-Profit (TP): Set your take-profit around the resistance level at 0.1060 USDT, aiming for a target around this zone. Risk-Reward Analysis: Risk: 0.0960 (Support) - 0.1040 (Entry) = 0.0080 USDT Reward: 0.1060 (Resistance) - 0.1040 (Entry) = 0.0020 USDT Based on this, you can adjust your risk/reward ratio accordingly. The short-term upside target is near the resistance zone, so it's crucial to watch for any breakouts above 0.1060 USDT for a potential continuation. Conclusion: Long Position: Above 0.1040 USDT SL: Below 0.0960 USDT TP: Near 0.1060 USDT $STORJ
How ‘undervalued’ Bitcoin’s sell-offs could help set up a long-term rally
Bitcoin’s [BTC] recent bear phase has been severe. The crypto has capitulated from a high of about $126,000 to around $68,000 at press time. And yet, this wave of selling pressure may prove pivotal rather than purely destructive. In fact, market sentiment seemed to suggest that Bitcoin’s decline could approach a reset point – One where the price begins to recover from recent losses based on prevailing on-chain conditions. Bitcoin closes in on undervaluation At the time of writing, data from CryptoQuant revealed that Bitcoin’s Market Value to Realized Value (MVRV) ratio was nearing undervalued territory. The MVRV ratio measures whether an asset is overvalued or undervalued by comparing its market capitalization to its realized capitalization, which reflects the value of coins at the price they last moved. When the ratio approaches or drops towards 1, it signals undervaluation. Bitcoin’s MVRV had a reading of 1.1, close to this critical threshold. The last four times Bitcoin entered this zone, it rebounded and transitioned into a broader rally. However, entering the undervalued zone does not immediately trigger a rally. The price can continue to trend lower while the MVRV remains near or within this range. Historically, such a phase often marks a period of accumulation, as investors gradually build positions ahead of a sustained upward move. A confirmed rebound from this zone could set the stage for new highs. If bullish sentiment strengthens and macro or geopolitical conditions stabilize, Bitcoin could regain momentum towards the $100,000-level. What could push Bitcoin into deeper undervaluation? Sustained selling remains central to driving Bitcoin further into undervaluation. A hike in supply entering the market, combined with weakening demand, would place additional downward pressure on price. Institutional investors have been leading the prevailing spree of selling activity. In fact, U.S Spot Bitcoin exchange-traded funds (ETFs) continue to record consistent outflows too. According to Sosovalue data, this is the third time since inception that U.S Spot Bitcoin ETFs have recorded four consecutive weeks of net outflows. On a monthly basis, this represented the fourth bearish month for ETF flows. Over the last two trading sessions, cumulative outflows reached $686.67 million, approaching the $1-billion mark. These flows implied that investors have been realizing profits or cutting losses on their Bitcoin holdings. If demand remains subdued, sustained selling could push the crypto towards cheaper levels. Spot market activity seemed to reinforce this weakness too. According to CoinGlass, that demand dropped from $1.02 billion to $89.73 million on 12 February, with net selling being dominant over that period. Long-term holders remain critical Long-term holders could play a decisive role in shaping Bitcoin’s next move. Their willingness to accumulate may determine whether the market stabilizes and transitions into recovery. The Binary Coin Days Destroyed (CDD), which tracks whether long-term holders move their coins, had a reading of 0 at press time. This hinted at relative calm among this cohort, indicating limited large-scale distribution. Finally, the ratio of long-term holders (LTH) to short-term holders (STH) fell too, implying that short-term holders have been selling more aggressively than long-term investors. If long-term holders maintain conviction while short-term selling exhausts itself, Bitcoin’s approach towards undervaluation may ultimately serve as the foundation for a broader market rebound. Final Summary Bitcoin’s MVRV highlighted the asset approaching undervalued territory – A level that has preceded rallies on four previous occasions.Spot Bitcoin ETF outflows may accelerate Bitcoin’s move towards undervaluation. $BTC #CryptoNewss #cryptooinsigts #Write2Earn
Decred surges 11%: – Can DCR flip KEY price level and retest $27?
After rallying to $27, Decred [DCR] was rejected and dropped sharply to a local low of $21. The trend then reversed, with DCR climbing to a local high of $25.34 before pulling back slightly. At press time, DCR traded at $24.12, marking an 11.72% daily gain. Over the same period, its market capitalization returned to the $400 million level, reflecting stronger capital inflows. Decred bulls step in to defend key levels After DCR dropped to a low of $21, it jumped into the market and bought, thus effectively defending key levels. In fact, Buyer’s strength rose to 62 and has remained above 60 for two consecutive days. At the same time, sellers’ dominance declined to 37. This shift in power dynamics reflected investors’ conviction, as buyers signalled their anticipation of further gains.
Coupled with that, the Accumulation and Distribution Volume showed a higher accumulation rate for the first time in two days. At press time, Volume Moving Average rose to 93k, with the Volume and A/D volume jumping to 40k and 14k, respectively. An increase in the accumulation volume indicated that sellers were displacing the market. Buy-Sell Volume further validated this fact, with buy volume increasing to 22.85k. At the same time, the altcoin’s sell volume dropped to 18.78k, leaving the market with a positive buy-sell delta. A net buying holding at 31 was a clear sign of aggressive spot accumulation. Historically, increased accumulation has tended to accelerate upside momentum, often a precursor to higher prices. Is the upside momentum sustainable for DCR? Decred experienced a trend reversal as buyers stepped into the market, bought the dip, and avoided further downside pressure. As a result of the Buyer’s pressure, the altcoin’s Relative Strength Index (RSI) made a bullish crossover, hiking from 55 to 59 as of writing. With the RSI edging into bullish territory, this suggests renewed market demand. At the same time, its Directional Movement Index (DMI) hovered at 27.
The rising DMI indicated strengthened upward momentum driven by buyers. Such market conditions leave DCR in a healthy position with a high likelihood of a trend continuation. Therefore, if the recently observed demand holds, Decred could flip $25 and target $27, where it was previously rejected. However, if momentum slows, creating a profit-taking window, DCR could pull back toward $20 again. Final Thoughts DCR rebounded from a $21 slip, rising 11.7% to a local high of 25.34, then retraced to $24.12 at press time. Decred saw a trend reversal as buyers stepped in with conviction, bought the dip, and defended key levels. #DCR #cryptooinsigts #CryptoNewss #Binance
Zcash (ZEC) is currently trading at $281.86, reflecting a 22.45% increase in the last 24 hours. The cryptocurrency has shown a strong bullish trend, breaking past key resistance levels, and is now approaching its recent high of $287.72. The short-term moving averages (MA(7) and MA(25)) are aligned upwards, indicating continued upward momentum. The TP is set at $287.00, just below the recent high, to capture profits before the price possibly faces a reversal. Current Price: $281.86 Take-Profit Level (TP): $287.00 Stop-Loss Level (SL): $270.00 For the SL, it is placed at $270.00, just below recent support levels around $264.32. This level allows for some cushion while limiting potential losses if the market takes a downturn. $ZEC
XRP is currently trading at $1.4143, showing a positive 4.46% gain over the past 24 hours. The price is approaching a key resistance level at $1.4285, with the recent price action showing a strong upward momentum. The short-term moving averages (MA(7) and MA(25)) are both bullish, indicating further potential upward movement. To capture potential gains, set the TP at $1.4200, just below the resistance level. This provides a reasonable exit point before a potential reversal. Current Price: $1.4143 Take-Profit Level (TP): $1.4200 Stop-Loss Level (SL): $1.3800 The SL is placed at $1.3800, just below the support level around $1.3954. This level provides a safety margin in case of a price retracement, allowing you to limit your losses if the market moves against you. $XRP
Bitcoin is currently trading at $68,889.38, showing a positive 4.23% gain over the past 24 hours. The price is near the recent high of $69,482.97, signaling a strong upward momentum. The moving averages (MA(7) and MA(25)) are trending upwards, confirming the bullish short-term trend. Given the price is approaching resistance at $69,500.00, setting the TP slightly below this level ensures you take profits before a potential pullback. Current Price: $68,889.38 Take-Profit Level (TP): $69,500.00 Stop-Loss Level (SL): $67,200.00 The SL is placed at $67,200.00, just below the recent support levels around $67,780.63. This level is crucial to provide protection against a downside reversal while maintaining a reasonable buffer for price fluctuations. $BTC
Ethereum is currently trading at $2,053.23, showing strong bullish momentum, with a recent high of $2,073.68. The price is above key moving averages (MA(7) and MA(25)), indicating a bullish short-term trend. However, Ethereum is approaching a resistance level around $2,070.00, so it's prudent to set the TP just below this level at $2,070.00 to secure profits before any potential pullback. Current Price: $2,053.23 Take-Profit Level (TP): $2,070.00 Stop-Loss Level (SL): $1,990.0 TheSL is set at $1,990.00, which is just below the recent support level at $1,997.23. This level offers some buffer for price fluctuations while limiting losses in case the market moves against your position. $ETH