Weak demand could push LTC below $90


Litecoin could surge to $95 soon

Key takeaways

  • LTC is down 1.7% in the last 24 hours and is trading above $93 per coin.
  • The bearish performance comes amid weakening demand.

LTC stays below $100

The cryptocurrency market has underperformed earlier this week, but the selling pressure has subsided in the past few hours. Litecoin is currently down by 1% in the last 24 hours and is currently trading above $93, down from the $95 weekly high it reached a few hours ago.

Despite the recent price action, the fundamentals for Litecoin remain neutral. The total supply of LTC coins in profit dropped to 57%, creating a heavy selling activity, with investors posting a combination of loss realization and profit-taking in the past few days.

According to the data obtained from Santiment, the distribution comes mainly from investors who purchased the cryptocurrencies over the last two months. 

This weakness is also significant across US spot Litecoin exchange-traded funds (ETFs) as they have failed to attract demand. 

Data obtained from SoSoValue shows that since the launch of the Litecoin ETFs in October, they have attracted a cumulative net inflow of $7.26 million, according to SoSoValue data. The only spot Litecoin ETF available in the US is Canary’s LTCC.

On the derivatives market, Litecoin’s funding rates flashed negative twice over the last two days. This indicates short traders are gaining momentum in the Litecoin market. Litecoin’s Open Interest (OI) has recovered slightly to 5.57 million LTC but remains far from pre-October 10 leverage-flush levels of 8.80 million LTC.

LTC could retest the $90 support level

The LTC/USD daily chart remains bearish and inefficient as the coin has lost 8% of its value in the last seven days. Litecoin dipped to the $90.2 support level on Tuesday but quickly rallied to the $95.4 resistance area. It failed to overcome the $95 resistance area and is now trading above $93.66. 

LTC/USD Daily Chart

The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are below their neutral levels, indicating that the bears are currently in control of the market. 

If the bullish recovery continues, LTC could rally above the $116 efficiency level over the next few hours. However, LTC could drop to the $80 support level if the bulls fail to defend the $90.2 region.



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Malaysia cracks down on crypto power theft as bitcoin mining drains the grid


Malaysia cracks down on crypto power theft as bitcoin mining drains the grid
  • Authorities identified 13,827 premises involved in illicit power consumption for mining.
  • TNB seized bitcoin mining machines during joint inspections.
  • Smart meters are being installed to detect suspicious energy use in real time.

Malaysia is intensifying its response to rising energy losses linked to cryptocurrency mining, as new figures show widespread electricity theft across the country.

The national utility, Tenaga Nasional Bhd, has reported more than $1 billion in losses from illegal power use between 2020 and August this year.

The scale of the theft has pushed authorities to strengthen monitoring tools, expand inspections, and build new data systems as bitcoin mining operations continue to strain the national grid.

Officials now view the situation as an urgent energy security issue that requires consistent oversight.

Rising cases of electricity theft

The energy and water transformation ministry said 13,827 premises were found using electricity illegally for cryptocurrency mining during the period, according to a written parliamentary reply dated Tuesday.

Malaysia does not have specific rules governing crypto mining, but the activity becomes illegal once meters are tampered with or bypassed.

Such actions fall under offences detailed in the Electricity Supply Act.

The ministry confirmed that these illegal activities caused financial losses of 4.6 billion ringgit, equivalent to about $1.11 billion.

Mining setups require continuous and intense power consumption, which is often concealed to avoid detection.

This has allowed unauthorised operations to drain the grid at a rapid pace.

Coordinated enforcement operations

TNB has been conducting joint inspections with multiple enforcement bodies to respond to the rising cases.

The police, the communications regulator, the anti-graft agency, and other authorities have taken part in these operations.

Their coordinated actions have resulted in the seizure of bitcoin mining machines at many of the identified premises.

With illegal mining activities still increasing, TNB has shifted towards systems that support preventive oversight.

The utility has built a database holding complete records of owners and tenants of premises suspected of involvement in electricity theft related to bitcoin mining.

The ministry said the database helps identify patterns, profile high-risk locations, and support future inspections across different states.

Technology driven monitoring measures

Malaysia is also relying on real-time energy monitoring to reduce losses.

Smart meters are being installed at electricity distribution substations to track consumption patterns and identify manipulation more quickly.

These meters help detect sudden spikes or irregular behaviour, which often indicate hidden mining operations.

Real-time alerts allow TNB to respond faster before theft spreads or expands.

The country’s competitive electricity prices make it attractive for mining operators, which increases pressure on the grid and complicates enforcement.

Since mining is energy-intensive and not directly regulated, authorities are using existing energy laws supported by surveillance technologies to curb illegal consumption.

Strengthening oversight across the grid

Malaysia has chosen to enhance enforcement rather than introduce dedicated mining regulations.

Authorities are relying on interagency cooperation, improved inspection strategies, and expanded data systems to protect the utility network.

TNB continues to refine its approach, as illegal mining operations often shift locations after raids, requiring constant monitoring and updated intelligence.



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BNB price battles $900 support as whales eye accumulation amid market turmoil


BNB price battles $900 support
  • BNB price hovers near $900 amid market volatility and Bitcoin’s decline.
  • Whales increase positions while retail investors show cautious selling.
  • Key support at $886 is crucial to prevent further downside toward $800.

Binance Coin (BNB) continues to navigate a turbulent market, with BNB price hovering near the psychologically important $900 mark.

After a steep decline from mid-October highs above $1,370, investors and traders are closely watching whether the cryptocurrency can hold key support levels while larger players make strategic moves.

Notably, the ongoing volatility in the broader crypto market, particularly Bitcoin price fluctuations, has further amplified uncertainty for BNB.

BNB price under pressure after breaking key support

BNB price has struggled to maintain momentum over the past weeks, dipping below $1,000 and failing to reclaim the critical resistance zone between $1,000 and $1,050.

A recent breakdown below $900 confirmed a bearish pattern, signalling technical weakness as short-term moving averages pointed downward alongside the  Bitcoin price.

The 7-day RSI currently sits at extreme oversold levels, suggesting the possibility of a minor rebound, but MACD readings indicate continued downward pressure that may extend the decline.

BNB price analysis
BNB price chart analysis | Source: TradingView

Analysts have highlighted the $882.2 Fibonacci retracement as a critical defence level before the accumulation zones between $770 and $730 could come into play, emphasising the precarious position BNB finds itself in.

Market-wide deleveraging has compounded the pressure on Binance Coin (BNB), as liquidations surpassing $1 billion across the crypto space coincided with Bitcoin’s drop below $90,000.

Fear and Greed Index readings of 15 reflect extreme fear among investors, and stablecoin reserves on exchanges have fallen sharply, limiting buy-side liquidity just as selling pressure peaked.

This combination of technical breakdown and broad market turmoil has created an environment where both short-term traders and long-term holders must carefully weigh their positions.

Whales step in amid mixed signals

Despite bearish pressures, whale activity has been noticeable, particularly at lower levels around $900.

Large wallet investors have been increasing their exposure through futures contracts, with derivatives data showing a spike in average order sizes.

This is a potential signal of accumulation, suggesting that more sophisticated market participants see value at current levels.

Meanwhile, retail investors appear more cautious, with exchange inflows indicating some degree of selling, highlighting a contrast between institutional and individual behaviours.

BNB spot netflow
BNB Spot Inflow/Outflow | Source: Coinglass

The technical outlook remains mixed, with on-chain metrics and momentum indicators like the MACD and RSI suggesting BNB is technically oversold but not yet positioned for a strong reversal.

The presence of a double-bottom pattern around $900, combined with supportive long-term trendlines and BNB Chain upgrades, provides a framework for potential recovery if the cryptocurrency can weather short-term volatility.

The key levels to watch for the BNB price this week

Traders should pay close attention to the $886 support and the broader $880–$900 zone, as a failure here could trigger further downside toward $800.

Conversely, a successful hold of these levels, coupled with a rebound above the 50-period EMA near $951, may pave the way for the BNB price to approach the $1,000 psychological mark.

Particularly, Bitcoin price movements will continue to play a pivotal role, as BNB remains highly correlated with the flagship cryptocurrency.

Ultimately, the interplay between market sentiment, technical patterns, and whale activity will likely dictate the next significant move.



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Starknet nosedives 20% amid broader crypto crash: is STRK done plummeting?


Starknet Price Bearish
  • Starknet price dropped sharply as top cryptocurrencies tumbled to key support levels.
  • On November 18, 2025, STRK plunged nearly 20% to touch lows of $0.17. 
  • STRK plunged as Bitcoin dropped to lows of $89,500.

Starknet’s native token took a sharp hit as cryptocurrencies bled on Monday, November 17, 2025, with bears extending the dip to Tuesday as STRK plunged nearly 20% to lows of $0.17. 

At the time of writing, Starknet traded 14% down in 24 hours at around $0.19. The decline contrasted with gains for Internet Computer, Hyperliquid, and others.

Notably, the altcoin mirrored losses for Zcash, the top privacy coin by market cap, which was also seeing notable profit taking.

Starknet nosedived 20% amid a broader crypto crash

As the crypto market entered freefall on November 17, Starknet price plummeted.

Triggered by a number of factors, including macro jitters and geopolitical tensions, amplified selling pressure across major assets cascaded into altcoins.

For instance, Bitcoin, the bellwether of the market, shed more than 4% to drop to a low of $89,500.

The move saw the global market cap fall to $3.13 trillion. Trading volume rose 45% on Nov. 18 to over $247 billion, with the Ethereum price falling to lows of $3,000.

XRP, BNB, and Solana all recorded significant drops, pushing liquidations to above $1 billion globally.  

Starknet, which rose amid recent privacy coin gains, followed suit.

The zero-knowledge proofs-powered layer 2 solution saw its STRK token fall from highs of $0.22 to $0.17. Nosediving 20% allowed bears to erase much of the token’s recent 50% rally.

As the chart below shows, Starknet price recently notched four straight green daily candles as price touched  high of $0.24. Following Monday’s dip, weekly gains are currently down to about 22%.

Starknet Price Chart
Starknet price chart by TradingView

Is STRK done plummeting?

Market observers note that while Starknet’s TVL (total value locked) remains robust at over $340 million, the token’s correlation with Bitcoin, left it exposed to the flagship coin’s volatility.

The timing couldn’t be worse for Starknet. 

Just this week, the project announced a multi-million dollar program aimed at Bitcoin staking. The milestone aims to bridge the Ethereum and Bitcoin ecosystems through Starknet’s BTCFi offering. 

As the crypto market dusts off some of the sell-off pressure, finding a floor near the $0.16-$0.17 mark could be crucial for bulls.

If this happens, STRK could eye $0.24 and potentially one year highs above $0.78. The main target in the short term remains the psychological $1 level.

The platform’s Bitcoin integration positions it uniquely for cross-chain growth. Bitcoin DeFi growth, especially as Ethereum’s upgrades enhance layer-2 efficiency, adds to the bullish outlook.

However, in the short term, risks such as a prolonged Bitcoin bear market could allow sellers to seek more pain.

Bulls saw STRK price fall to an all-time low under $0.04 on October 10, 2025. Current prices nevertheless hover about 305% up since.



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Ethereum price outlook: bears pierce $3,000 as sell-off pressure mounts


Ethereum Price Bearish
  • Ethereum price was down more than 7% as bears broke below $3,000 to touch $2,940.
  • As sell-off pressure mounts, bears could eye lows of $2,300.
  • BitMine continues to buy ETH, with analysts indicating dips are for buying.

Ethereum price is down 7% in the past 24 hours and looks poised for fresh losses as bulls retreat sharply amid renewed selling pressure.

This comes as ETH prices dip below the psychological $3,000 level for the first time in months.

Notably, the breakdown arrives amid broader market weakness, with Bitcoin extending its rot to hit lows of $89,500.

Macro jitters, persistent exchange-traded funds outflows, and signs of capitulation are fueling concerns that the path of least resistance remains lower for BTC, ETH, and the broader crypto market.

Ethereum price dips below $3,000

On Tuesday, the ETH price breached the $3,000 mark, trading as low as $2,940.

The downturn sees bears extend the downtrend that has seen Ethereum shed more than 7% in the past 24 hours, and 16% from its weekly highs above $3,200.

Despite notable accumulation by BitMine, downside momentum has overwhelmed buying interest and ETH risks fresh losses.

At the time of writing, the Ethereum price hovered near $2,979, with the top altcoin down sharply as Bitcoin plunged under $90,000.

Per CoinMarketCap data, BTC fell to lows of $89,500 across major exchanges, with both coins’ dips coming amid notable buying by Strategy.

BitMine disclosed it had acquired an additional 54,156 ETH over the past seven days, a move that pushed the publicly-traded company’s total holdings to 3.56 million ETH.

Ethereum price forecast

While the aggressive buying has failed to stem price declines, bulls remain upbeat long-term.

“Crypto prices have not recovered since the liquidation event on Oct 10th. And the lingering weakness has the hallmarks of a market maker (or two) suffering from a crippled balance sheet,” said Thomas “Tom” Lee of Fundstrat, Chairman of BitMine.

Lee added:

“When a market maker has a ‘hole’ on their balance sheet, they are seeking to raise capital and are reducing their liquidity functions in the market. This is the equivalent of QT (quantitative tightening) for crypto and has the effect of dampening prices. In 2022, this QT effect lasted for 6-8 weeks. And this is probably happening today.”

Sell-off pressure is up amid continued outflows from US spot Ethereum ETFs.

Technical indicators also paint a decidedly bearish picture, with the daily RSI slipping and the MACD histogram in negative territory.

Ethereum Price Chart
Ethereum price chart by TradingView

Meanwhile, more than $175 million in ETH liquidations have occurred in the past 24 hours.

Coinglass data shows that over $136 million of these are long positions.

The breach of $3,000 could thus clear the way for a retest of new multi-month lows.

ETH could bounce off the $2,800 region, but weakness would allow bears to target the $2,300–$2,228 region.

On the upside, Ethereum bulls face an uphill battle in the near term with major resistance around $3,300.



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Kiyosaki defends Bitcoin and warns Wall Street as crypto volatility returns


Kiyosaki defends Bitcoin and warns Wall Street as crypto volatility returns
  • Kiyosaki accused Wall Street of promoting paper assets that benefit insiders.
  • He said gold, silver, and Bitcoin provide value outside institutional control.
  • His Bitcoin forecast puts the price at $250,000 by 2026.

As volatility grips the crypto market again, Rich Dad Poor Dad author Robert Kiyosaki has stepped up in defence of Bitcoin and decentralised assets.

Amid renewed price swings and public doubt over digital currencies, Kiyosaki argued that Bitcoin remains a hedge against centralised financial systems and inflation.

He described it as “people’s money,” contrasting it with what he calls “fake money” issued by the US Federal Reserve and Treasury.

While Warren Buffett’s past criticisms labelling Bitcoin as “gambling” resurfaced online, it was Kiyosaki’s response that reignited debate across financial communities.

His message was clear: the fault lies not with crypto, but with a broken fiat system that he believes Wall Street continues to uphold.

Fiat risks and distrust in institutions

Kiyosaki has long rejected the idea that centralised institutions should be the backbone of wealth.

In his view, the real danger to investors is not Bitcoin’s volatility, but the ongoing reliance on a system driven by inflation and debt.

He warned that assets like stocks and bonds, frequently promoted by institutional investors, are just as vulnerable to collapse.

According to him, the core issue is trust. While traditional markets claim to offer safety, Kiyosaki sees them as tools that enrich the powerful while exposing regular people to risk.

This, he argues, is why decentralised assets like Bitcoin and Ethereum are gaining ground—they provide financial autonomy in an unstable environment.

He classifies gold and silver as “God’s money” and Bitcoin as “people’s money,” highlighting their independence from government control and printing presses.

With Bitcoin capped at 21 million coins, Kiyosaki says it offers protection that fiat currencies simply cannot match.

Kiyosaki’s challenge to the financial establishment

As Wall Street continues to sell institutional products, Kiyosaki is urging people to reconsider what really holds value.

He questioned how long investors can trust paper-based assets in a world where central banks can print currency without limits.

He emphasised that real-world necessities cannot be replaced with financial abstractions.

“You cannot live in a paper house, drive using paper fuel, or eat paper food,” he wrote, pointing to the artificial nature of fiat-based wealth.

By comparison, assets like Bitcoin offer a limited-supply, decentralised alternative that he believes is better suited to survive economic instability.

Bitcoin prediction and market direction

Amid the broader market uncertainty, Kiyosaki has also made a bold forecast. He predicts Bitcoin could reach $250,000 by 2026, a significant rise from its current level around $95,600.

While this projection is speculative, it aligns with his belief that decentralised assets will outperform as trust in fiat continues to erode.

Though Warren Buffett’s view of Bitcoin as speculative persists, Kiyosaki’s message offers a pointed challenge to the financial status quo.

His comments reflect a growing shift in investor sentiment, where control, transparency, and scarcity are seen as more valuable than institutional assurance.



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Bitcoin Cash price prediction: eyes on the $460 demand zone if support gives way


Bitcoin Cash price under bear preassure
  • Bitcoin Cash price is under selling pressure, testing support near $470.8 and $460.3.
  • Bitcoin pullback and market fear amplify downside risks for the BCH price.
  • Key resistance sits at $528.85, with potential upside if support holds.

Bitcoin Cash price has come under significant pressure in the past 24 hours, with BCH slipping to $491.09 following a series of technical setbacks and broader market weakness.

After failing to hold above the $530 resistance level, Bitcoin Cash (BCH) has seen selling momentum intensify, as a result of technical profit-taking and the influence of the Bitcoin price pullback.

Eyes are now on whether BCH can stabilise above critical support levels or if the selling pressure will push the cryptocurrency toward lower demand zones.

BCH struggles under resistance amid bear pressures

On November 13, Bitcoin Cash surged to $532 but faced rejection at the $530–$532 zone, failing to sustain a breakout.

The cryptocurrency’s inability to remain above the 200-day EMA at $510.56 led to a break below the crucial $515 support, triggering algorithmic sell orders.

Technical indicators such as the MACD, which remains below its signal line, have reinforced bearish momentum, while a close below the 61.8% Fibonacci retracement at $500.23 has invalidated the short-term bullish structure.

Traders should now watch closely for a reclaim of $515 to stabilise prices, although a drop below $480 could open the door to deeper corrections.

Bitcoin price pullback drags BCH lower

BCH had not been immune to the broader weakness in the crypto market.

However, Bitcoin’s rejection near $107,000 caused capital rotation away from riskier altcoins, with Bitcoin Cash (BCH) showing a 30-day correlation of 0.89 to Bitcoin (BTC).

This strong correlation amplified the downside, contributing to a 24-hour trading volume surge of 10.58% to $523 million as traders exited positions amid panic selling.

Market-wide risk aversion has further fueled the decline, with derivatives data showing a 4.58% drop in BCH futures open interest and overall spot volumes falling by more than 21%, reflecting low conviction across the market.

The Crypto Fear & Greed Index, sitting at 22, indicating “Extreme Fear,” has also intensified the bearish sentiment.

Bitcoin Cash price short-term outlook

On shorter timeframes, the 6-hour chart highlights heavy selling momentum as BCH nears critical support.

The immediate support around $470.8 is under pressure, with a notable demand zone at $460.3 potentially acting as a floor for buyers.

Resistance is positioned near $528.85, though the price has shown limited strength to test it.

A confirmed reversal pattern above 470.8 could prompt a retracement toward $528.85, but without clear bullish signals, further decline toward the 460.3 demand zone is likely.

Bitcoin price analysis
Bitcoin price chart | Source: CoinMarketCap

Traders are advised to watch for momentum shifts before entering new positions, as failure to hold support could result in accelerated downside movement.

Longer-term resistance levels also frame the narrative for the BCH price.

According to market analysis, holding above $473.62 is crucial for any upward movement toward $493.23, and surpassing that could pave the way to $528.85, with $544.23 marking the third resistance target.

Conversely, if $473.62 fails to hold, BCH may slide toward the next support at $444.75, underscoring the importance of this critical level in guiding near-term market behaviour.

Traders and investors should keep a close eye on momentum shifts, as failure to hold key support could lead BCH toward lower levels, while maintaining stability could allow for a measured rebound.

For those tracking market dynamics, understanding the interplay between Bitcoin Cash price and broader crypto movements remains critical in anticipating potential swings and making informed decisions.



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ETH could dip below $3k amid bearish PA


Key takeaways

  • ETH is down 10% and now trades around $3,100 per coin.
  • The bearish performance comes as the broader crypto market records a massive selloff.

ETH dips 10% amid wider market selloff

Ether, the second-largest cryptocurrency by market cap, has lost 10% of its value in the last 24 hours, sparking increased profit-taking and loss realization, as prices approached the cost basis of whales.

This latest development comes as Ethereum investors have intensified their selling activities over the past few days. Data obtained from Santiment revealed that investors have booked over $500 million in profits and $100 million in losses since Sunday. 

In addition to that, Ether’s price is approaching the average cost basis or realized price of whales with a balance of 10K-100K ETH, which is around $2,900. A dip below this cost basis will spark intense selling pressure as the whales look to cut losses.

Whales have been key in absorbing selling pressure since ETH’s price decline accelerated over the past month, as they have increased their collective balance by 890K ETH during the period. 

ETH could dip below $3k as selling pressure intensifies

The ETH/USD daily chart remains bearish and efficient as Ether has lost 10% of its value in the last 24 hours. The coin faced rejection at the previous broken trendline around $3,592 earlier this week and has dipped by 10% since then. At press time, ETH is trading at $3,140 per coin. 

If the selloff continues, ETH could lose the $3k support level and dip towards the $2,900 psychological level. Failure to close the daily candle above the $3,170 region could spark further selloff for Ether.

ETH/USD Daily chart

Similar to Bitcoin, Ethereum’s RSI and MACD indicate bearish momentum gaining traction, signaling a deeper correction ahead.

However, if Ether recovers and closes the daily candle above $3,170, it could rally towards the next resistance level at $3,592.



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Canary shakes Nasdaq as XRP ETF launch hits $58M on day one


Canary shakes Nasdaq as XRP ETF launch hits $58M on day one
  • Canary Capital launched its spot XRP ETF, XRPC, on 13 November.
  • The ETF recorded $58 million in trading volume on day one.
  • The listing was approved under Section 8(a) of the Securities Act without objections.

While most of the crypto market was digesting a sharp 3.5% decline on 13 November, Canary Capital’s XRP ETF surged to the top of the Nasdaq, recording the highest first-day trading volume of any fund launched in 2025.

The spot product, listed under the ticker XRPC, registered $58 million in trading activity on its debut, overtaking all previous launches this year.

Despite Bitcoin falling below $99,000 and a broader market slump, the appetite for regulated XRP exposure proved unshaken.

By 9:30 am EST, $26 million in volume had already been clocked.

Trading accelerated rapidly, with over $36 million executed by mid-morning.

Robinhood alone facilitated $500,000 in trades within the first five minutes.

Canary takes the lead in the 2025 ETF competition

XRPC overtook Bitwise’s BSOL ETF, which had previously led the 2025 pack with a $57 million opening day last month.

Both products now sit well ahead of the remaining 900-plus ETFs launched this year.

Bloomberg analyst Eric Balchunas highlighted that the third-most traded ETF debut trails by more than $20 million, underscoring how rare such volume has become in new fund launches.

The listing was certified by Nasdaq on 12 November under Section 8(a) of the Securities Act.

Its approval came without delays due to the absence of pushback during the review period, allowing Canary to activate the launch immediately and avoid the bottlenecks many other issuers face.

XRPC offers direct access to XRP price action

Unlike derivative-based funds or futures products, XRPC holds physical XRP and tracks the CME CF XRP-USD Reference Rate (New York Variant) in real time.

The ETF carries an annual fee of 0.50%. Custody is managed by Gemini Trust Company and BitGo Trust, both of which specialise in secure digital asset storage for institutional clients.

Canary Capital Group, headquartered in Tennessee, already operates ETFs tied to Bitcoin, Ethereum and HBAR.

The firm has positioned XRPC as a compliance-friendly solution for institutions looking to tap into XRP’s role in global payments infrastructure without managing wallet keys or custody operations directly.

Payment-focused crypto tokens see renewed demand

The launch of XRPC also highlights a broader trend in digital asset markets.

Utility tokens such as XRP and HBAR are attracting increasing institutional attention.

Earlier this month, Canary’s HBAR ETF raised $70 million within its first week.

Analysts suggest this reflects rising demand for crypto assets linked to real-world use cases like payments and settlements.

However, XRP’s performance is not immune to broader crypto cycles.

With a correlation to Bitcoin of nearly 40%, its price is often influenced by macro trends and volatility in the wider market.

This makes the ETF’s debut performance even more notable, as it succeeded in generating exceptional demand despite overall bearish sentiment.

The strong launch of XRPC suggests investors are still actively seeking structured exposure to crypto assets that offer functional value.



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Quant price retests key level: Can QNT breach $100 next?


  • Quant (QNT) price hovers near $88 after bouncing off $79.
  • The altcoin could eye the psychological $100 mark, helped by multiple likely tailwinds.
  • QNT has retested and broken above the 50-day exponential moving average.

Quant (QNT) changes hands near $88 after bouncing off lows of $79 and touching highs of $93, with QNT likely to target the psychological $100 mark.

With the latest market recovery lifting sentiment, the token’s retest of the key exponential moving average (EMA) could be critical for bulls.

Notably, the current price levels have previously hindered bulls’ attempts to break higher.

Quant price rebounds: Is $100 next?

Quant token’s price hovered near $88 after a rebound off lows of $79 allowed bulls to test bearish resolve above $93 on Thursday.

This swift recovery marks a more than 28% surge from November 4th’s nadir, when QNT fell to under $68. Gains point to the bulls’ resilience despite the broader market turbulence.

On Thursday, Quant rose as Bitcoin’s range-trading below $103,000 despite the end of the US government shutdown upending bullish moves across altcoins.

Nonetheless, analysts say crypto could be poised for a major bounce. In previous cycles when the US government has gone into shutdown, BTC has skyrocketed on reopening.

Crypto analyst Alex Wacy shared the outlook below.

QNT’s uptick thus aligns with not just renewed optimism in altcoins but projects focused on enterprise solutions.

In such a case, the rebound has seen so-called dino blockchains gain, including Lisk and Nano, record gains in recent weeks.

What’s the technical outlook for Quant token?

Long-term holders have injected fresh liquidity amid the broader uptick, and ecosystem strength helps bulls.

If the momentum sustains, decisively taking out bears above $93 will offer impetus for a surge to $100.

On the technical front, the short-term recovery has the Moving Average Convergence Divergence (MACD) hinting at a potential bullish crossover.

On the daily chart, the MACD histogram has flipped positive.

Quant Price
Quant price chart by TradingView

Also notable is the daily Relative Strength Index (RSI), currently near 57 and upsloping.

QNT is also currently above the 50-day EMA, with the moving average level having acted as robust resistance since Nov. 5.

If bulls flip this into a dynamic support zone, holding firm above it will allow for a continuation.

North of this hurdle lie $107 and $130 as two immediate supply wall zones.

That means QNT’s confluence of rebound momentum, institutional tailwinds, and technical strength positions it for a potential run above the $100 mark.

Unless macro headwinds prevail, the next key levels to target will be December 2024 highs of $165 and local resistance around $200 seen in 2021.





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