Tag: Support

Cost Basis Distribution Defines Key Support Level

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Bitcoin continues to consolidate between $115,000 and $120,000, with bulls maintaining control despite the lack of a breakout above $123,000. What stands out in this range-bound structure is the clear demand concentration around $117,000. According to Glassnode’s BTC Cost Basis Distribution Heatmap, this level has consistently attracted buying interest, acting as a key area where capital rotates into Bitcoin. Related Reading The heatmap reveals dense clusters of cost basis activity near key price levels. This reinforces its role as short-term support and a psychological anchor for bulls. As long as…

EigenLayer Brings Multichain AVS Support to L2 Networks

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Eigenlayer took a step toward scaling decentralized infrastructure by rolling out a multichain verification feature that allows decentralized services to run on layer-2 networks while retaining Ethereum-grade security.  On Thursday, Eigenlayer introduced a protocol feature that lets Actively Validated Services (AVS) run on layer 2s, in addition to the Ethereum network. Eigen Labs launched the new feature on the Sepolia Testnet on the Base network.   Eigen Labs founder and CEO Sreeram Kannan told Cointelegraph the update marked a “critical milestone” in the company’s roadmap. He said that while the feature…

Bitcoin MVRV Pricing Bands Hint At $130K, But Only If This Support Holds

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Top market analyst Ali Martinez has shared on-chain data that tips Bitcoin to reach a $130,000 valuation, albeit on one condition. This bullish price prediction comes following a slight 2.6% price rebound over the past two days, pushing Bitcoin within the $118,000 price range. $110K Emerges As Crucial Bitcoin Support Zone – Here’s Why In an X post on July 26, Ali Martinez postulates that Bitcoin may be on track for a significant leg higher based on recent data from the MVRV pricing bands by Glassnode. However, the premier cryptocurrency…

JasmyCoin (JASMY) Rebounds 25% After Blockchain Healthcare Partnership Despite Recent Support Break

Tony Kim Jul 27, 2025 13:35 JASMY price currently trades at $0.02 following a dramatic week that saw the token surge 25% on healthcare news before declining below key support levels. Quick Take • JASMY currently trading at $0.02 (+0.58% in 24h) • JasmyCoin’s RSI at 57.26 indicates neutral momentum with room for upward movement • Blockchain-based cancer treatment partnership with Novacellim drove significant price surge this week What’s Driving JasmyCoin Price Today? JasmyCoin experienced remarkable volatility this week, highlighted by a…

Former Binance CEO’s Alleged Support For Trump Initiatives: A Strategy For Pardon?

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Changpeng Zhao (CZ), the co-founder of Binance and former CEO of the world’s largest cryptocurrency exchange, is reportedly aligning himself with President Donald Trump’s policy initiatives following his recent release from a four-month jail sentence.  This shift comes as Zhao seeks to navigate the complexities of his situation in the US in light of his legal challenges, including a formal application for a presidential pardon after serving time for violations related to anti-money laundering laws (AML). Will CZ’s Strategy Result? As reported by Crypto in America, Zhao’s foundation, Giggle Academy,…

XRP Produces Successful $3 Support Retest – But What Next?

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Renowned market expert with X username CasiTrades has shared an interestingly bullish insight on the XRP market. Notably, this price forecast comes following a broader crypto market correction in the past week, during which XRP has registered a 6.74% price decline. XRP Bulls Eye Return To ATH After $3 Retest In an X post on July 25, CasiTrades shows that XRP is on the brink of a major price surge based on the indications of the Elliot Wave Theory – a technical framework that proposes that price movements occur in…

Bitcoin Eyes Bounce off This Support Level In Reversal Campaign For $121,000

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Bitcoin looks to be on the verge of a breakdown after rallying to $123,000 all-time highs earlier in the month. This reversal has taken the market by surprise, with the altcoin market, once again, bearing the brunt of the losses. Now, as the Bitcoin price reaches an important level, the questions of whether this is the start of a bear trend or if there will be a bounce in price have become more urgent. Bitcoin Trends Low After New Highs After the reversal back into the $117,000 levels, crypto analyst…

Bitcoin Futures Unchanged As BTC Falls Near Support

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Key takeaways: Bitcoin options and futures data suggest traders are neutral despite a 7% drop from the peak. Stablecoin demand in China remains steady, showing marginal fear in crypto markets. Bitcoin (BTC) dropped 4% between Thursday and Friday, falling below $115,000 for the first time in two weeks. The correction coincided with the monthly derivatives expiry, which wiped out $390 million worth of futures contracts, equivalent to 14% of open interest.  To determine if this event altered traders’ longer-term expectations, it’s important to examine Bitcoin futures and options indicators. Bitcoin…

Solana In The Danger Zone – Will $175 Support Hold Or Collapse?

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Solana is treading on thin ice as it tests a crucial support zone between $175 and $177, a range that could decide its next big move. After a sharp rejection near $190, selling pressure is mounting, raising the stakes for bulls trying to defend this key area.  Momentum Fades: Solana Slips Below Key Moving Averages According to GemXBT in a recent post, Solana (SOL) is currently trending downward, showing signs of sustained bearish pressure. The price has slipped below critical short-term moving averages such as the 20 MA, 10 MA,…

ATOM Surges 7% After Sharp Plunge to $4.47 Support Level

After a heavy bout of selling pressure during the early hours of July 24, ATOM demonstrated impressive resilience, rebounding from an intraday low of $4.47 to close the session at $4.77. The 7% swing within 24 hours—defined by a peak at $4.82 and a low at $4.47—was supported by heavy volume exceeding 2.28 million units, signaling strong interest at the lower boundary. The rapid absorption of sell-side pressure and the subsequent recovery reflect a robust technical foundation, with $4.47 now emerging as a…