Canary’s Litecoin, HBAR ETFs ready for ‘go-time’ after gov shutdown: Analysts
Canary’s Litecoin, HBAR ETFs ready for ‘go-time’ after gov shutdown: Analysts
ETF analyst Eric Balchunas says Canary Capital’s filings for spot Litecoin and HBAR funds are seemingly finalized, but the government shutdown will delay their launch.
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Bitcoin Price Retreats From Highs – Is The Market Signaling A Short-Term Top?
Bitcoin price struggled to surpass $126,200 and corrected gains. BTC is now consolidating near $122,000 and might aim for a recovery wave. Bitcoin started a downside correction below the $125,000 level. The price is trading below $124,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $123,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $120,500 zone. Bitcoin Price Corrects Gains Bitcoin price extended gains above the $124,000 zone. BTC climbed above the $125,000 and $125,500 resistance levels before the bears appeared. A new high was formed at $126,198 before there was a downside correction. The price dipped below the $124,000 support zone. There was a sharp move and the price tested the $120,500 region. The price is now consolidating near the 23.6% Fib retracement level of the recent decline from the $126,191 swing high to the $120,694 low. Bitcoin is now trading below $124,000 and the 100 hourly Simple moving average. Besides, there is a key bearish trend line forming with resistance at $123,500 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $122,250 level. The first key resistance is near the $123,500 level and the trend line. It is close to the 50% Fib level of the recent decline from the $126,191 swing high to the $120,694 low. The next resistance could be $124,200. A close above the $124,200 resistance might send the price further higher. In the stated case, the price could rise and test the $125,500 resistance. Any more gains might send the price toward the $126,000 level. The next barrier for the bulls could be $126,200. More Losses In BTC? If Bitcoin fails to rise above the $123,500 resistance zone, it could start a fresh decline. Immediate support is near the $121,200 level. The first major support is near the $120,500 level. The next support is now near the $118,500 zone. Any more losses might send the price toward the $116,200 support in the near term. The main support sits at $115,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $121,200, followed by $120,500. Major Resistance Levels – $122,250 and $123,500.
Bitcoin Buyers On Coinbase Relentless As Premium Stays Green
The Bitcoin Coinbase Premium Gap has continued to be at a notable green level recently, a sign that institutional traders are buying the asset. Coinbase Premium Gap Is Positive Right Now In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Bitcoin Coinbase Premium Gap. This indicator […]
- NEWSBTC
Hyperliquid (HYPE) Drops 6% to $45, But Analysts Say a $55–$60 Rebound May Be Next
Hyperliquid (HYPE) extended its pullback for a fifth straight session on Tuesday, sliding about 6% intraday to the $45–$46 zone after a sharp rejection at a reclaimed trendline. Related Reading: Here’s The Best Time To Buy Bitcoin As Impulse Wave Sets Path To $150,000 While near-term momentum has flipped bearish, several on-chain and market-structure cues still point to a potential rebound toward $55–$60 if buyers can quickly stabilize the price above key supports. Derivatives Tilt Bearish, but Spot Holds the Line Futures positioning has swung defensively, and according to Coinglass, the long-to-short ratio slipped to 0.80, its lowest in over a month, signaling traders are leaning short into weakness. Momentum indicators echo the caution, daily RSI near 45 sits below the neutral 50 line, and MACD registered a bearish cross, both consistent with cooling trend strength. Technically, HYPE failed a back-test of a broken ascending trendline and bled nearly 7% from Friday to Monday, with charts flagging $39–$40 as the next major support if selling accelerates. On the upside, $51–$52 is first resistance, where bulls likely meet clustered supply from recent breakdown levels. Why Hyperliquid (HYPE) Bulls Still See $55–$60 on the Table Despite the red prints, spot activity remains constructive. Hyperliquid has been defending the mid-$40s repeatedly, and prior consolidations above $45–$47 have preceded strong continuation moves. HYPE's price trends to the downside on the daily chart. Source: HYPEUSD on Tradingview Under the hood, token staking north of 660,000 HYPE ($30million) plus systematic buybacks are reducing circulating supply, creating a supportive backdrop when demand returns. Meanwhile, protocol fee revenue around $3million/day underscores durable usage even as new perp-DEX competitors court volume with incentives. Community and analyst “fair-value” chatter continues to cluster around $55–$60, suggesting sentiment will likely flip quickly if price reclaims the short-term breakdown area. Price Levels and Trade Map for the Week The immediate trading point sits in $44–$49. A daily close back above $49 would neutralize the breakdown and open $52, then $55–$60 as momentum targets. Failure to hold $46–$47 invites a retest of $44, with a deeper flush risking the $39–$40 demand zone where dip-buyers may step in. Market internals to watch: if funding stays orderly, liquidations remain contained, and spot-led buying outpaces leveraged shorts, the probability of a V-shaped recovery rises. Related Reading: Is A $10,000 Ethereum Price Within Reach? Here’s What Experts Are Forecasting Next Macro context matters too. Perp-DEX market share is expanding industry-wide, and while rivals (e.g., Aster) have temporarily siphoned volumes, Hyperliquid still commands strong open interest and fee traction, key indicators of stickier liquidity. Cover image from ChatGPT, HYPEUSD chart from Tradingview
SUI Group to Launch First Native Sui Stablecoins
SUI Group has joined forces with Ethena and the Sui Foundation to launch suiUSDe and USDi, the first native stablecoins on the Sui blockchain. New Sui-Native Stablecoins Aim to Bridge Onchain Liquidity and Public Markets SUI Group Holdings (Nasdaq: SUIG) has announced a three-way partnership with Ethena and the Sui Foundation to launch suiUSDe and […]
- NEWSBTC
Is A 900% Rally To $2.98 ATH Possible As Pi Network Announces New DeFi Updates?
The Pi Network (PI) community is heating up after a major announcement revealed that new Decentralized Finance (DeFi) features are now live on the Testnet. With the cryptocurrency currently trading around $0.26 after crashing severely in the past few months, the report of new upgrades raises the question of whether these developments could trigger a strong enough comeback to spark a 900% rally back to $2.98. Could Pi Network’s New DeFi Upgrades Spark A Rally? Pi Network’s price faced a devastating correction over the course of eight months, plunging from its February peak of $2.98 to just around $0.26 today. The decline erased more than $18 billion in value in just six months, sparking rugpull accusations as heavy sell-offs from whales and rapidly shifting sentiment drove the market into a downward spiral. Related Reading: Pi Network Price Crashes 88% Since Launch, New Developments Say Further Decline Is Coming At current levels, the cryptocurrency would need a near tenfold rally to revisit its all-time high. Such a rebound is theoretically possible in crypto markets, where significant developments often drive exponential gains. However, with the PI price down more than 85% from peak levels, a surge of that scale remains uncertain. Despite its decline, optimism has resurfaced following Pi Network’s latest ecosystem updates, which could signal a shift from speculation toward sustainable utility. According to the Pi Core Team on X social media, the launch of the Pi DEX, AMM liquidity pools, and token creation tools on Testnet marks the beginning of the cryptocurrency’s new DeFi era. These tools allow Pioneers to swap tokens, provide liquidity, mint test tokens, and explore DeFi mechanics in a safe testing environment. The team noted that the rollout is designed to educate and prepare the community for a full-scale Mainnet DeFi launch where real PI tokens could power transactions and liquidity. They also stated that Pi Network’s vision is to fuel long-term, sustainable Web3 growth through its system designed for utility, apps, and real-world use cases. They added that this vision of steady value appreciation is supported by PI’s infrastructure, KYC-verified global community, Pi wallet and ecosystem apps, .pi Domains, Oi Ad Network, staking, and more. A Deeper Dive Into Pi Network’s DeFi Revolution Pi network’s DeFi expansion, unveiled by founder Dr Chengdiao Fan at the TOKEN2049 global conference in Singapore, represents a strategic pivot toward creating tangible value within its blockchain ecosystem. According to the network’s official blog post, the launch of the Pi DEX and AMM pool will enable the community to build their own DEX and AMM interfaces in a secure testing space. The team noted that this function remains restricted on the Mainnet at this time and is invalid for use or any other purposes. Related Reading: Pi Network Price Crashes To All-Time Low After Latest Announcement — Details Token creation capabilities on the network will also enable developers to mint test tokens on Pi Testnet, simulating app-level economies, community reward systems, and service-based tokens. When the feature transitions to Mainnet, the blog post highlights that strict guidelines will ensure only utility-driven tokens, not empty incentive mechanisms such as meme coins, are approved. This reduces speculative risks and encourages sustainable growth. Featured image from Adobe Stock, chart from Tradingview.com
Why Ripple Won’t Be Just A Regular Bank – The Fed Master Account Application Is A Game-Changer
Software engineer Vincent Van Code has declared that Ripple will not be just a regular bank. He also alluded to the Fed Master application as one of the interesting aspects amid the crypto firm’s move to obtain a national trust charter. Why Ripple Won’t Be A Regular Retail-Style Bank Vincent Van Code stated that Ripple […]