The post Crypto Rally Extends as Bitcoin Nears $78.5K and Ethereum Clears $2.5K appeared first on Coindoo.

The tape rotates beyond Bitcoin and Ether

Bitcoin and Ether set the market’s direction, but the distribution of gains is more revealing than either headline price. The table shows where buying accelerated most recently and where the largest weekly repricings had already occurred according to information from CoinMarketCap at the time of writing.

The hourly leaders and the 24-hour leaders are not identical. Zcash’s biggest move took place earlier in the session, while Dogecoin, Chainlink and Cardano were still gaining faster than Bitcoin at the latest reading. That split suggests fresh risk-taking, rather than a single uniform move across the market.

Participation is broader than a Bitcoin-only rally, but it is still selective. BNB and Hyperliquid trailed the fastest movers, while Tron and LEO were barely changed in the wider snapshot. The data supports a rotation into liquid, higher-volatility assets, not proof of a full altseason or identifiable institutional flows.

Even so, breadth remains selective. Laggards like Tron and UNUS SED LEO sat out the party, confirming this is a calculated capital rotation rather than an indiscriminate altseason.

How a Treasury policy shift lit the fuse

The broader macro pivot began when the U.S. Treasury announced plans to effectively double its maximum long-dated bond buyback operations from $2 billion to at least $4 billion per cycle. Long-duration yields softened instantly, sending immediate tailwinds through Bitcoin, Ether, and gold.

As we detailed in our deep dive on Treasury’s expanded long-bond buybacks, this policy isn’t a backdoor quantitative easing engine. Rather, it unclogs vital liquidity channels for aging government paper, driving yields down and pushing yield-hungry capital out the risk curve.

That macro injection slammed straight into a digital asset market that had spent weeks grinding sideways in a tight cage. Once price action broke key resistance levels, trapped short positions faced a brutal reckoning. CoinGlass flagged the August 19 flush as crypto’s eighth-largest liquidation event in history. We dissected the mechanics of that cascade in our report on the $2.99 billion liquidation event.

Catching up to equities, but let’s drop the “undervalued” label

Bulls love to lean on a relative-value narrative here. U.S. equities have been printing record highs all month, the S&P 500 settled at 7,798.99 on August 13, prompting UBS to bump its year-end target to 8,100 on the back of resilient tech earnings and AI capex.

Crypto entered the week nursing a multi-week hangover of compressed volatility. Calling tokens “undervalued” based on traditional equity metrics misses the mark, unlike stocks, tokens lack quarterly earnings reports or predictable cash-flow multiples. But the price action tells a simpler story: while equity investors piled into AI winners and safe-haven gold, crypto sat sidelined, making it an oversized sponge for newly unlocked macro liquidity.

Institutional desks smell momentum, but hold reservations

Wall Street desks are tracking the move closely, though caution remains the overriding theme. CF Benchmarks noted that its institutional factor basket clawed back 16.2% after six consecutive weeks of pain, pointing out in their August 21 Factor Friday update that capital is heavily clustering in high-beta large caps rather than lifting the entire market equally.

According to Investopedia, analysts at Jefferies urged clients to keep champagne on ice, noting that it is far too early to declare a structural bull trend while regulatory milestones like the CLARITY Act remain pending.

It is a fair warning. Short squeezes can launch prices skyward on fast momentum alone, but long-term market health depends entirely on organic buyers stepping in long after the liquidations dry up.

What confirms a real trend shift?

Watch for three critical signals to determine if this catch-up trade has legs:

• Bitcoin defends the breakout zone: BTC needs to establish a firm base at or above $78,500 rather than sliding back into its old range once derivatives positioning cools.
• Altcoin breadth expands: Continued, orderly outperformance across Ether, Solana, XRP, and LINK provides a much cleaner health check than isolated token pumps.
• Macro tailwinds hold steady: Continued relief in bond yields and a softer dollar are vital to sustaining a risk-on environment.

If Bitcoin rolls over and gives back the breakout, this week will be remembered as nothing more than a textbook leveraged flush. As our team explored in June why an AI-bubble burst could fuel a crypto bull market, any macro shift away from overcrowded equity trades could fundamentally rewrite crypto’s playbook. For now, the tape proves one undeniable truth: crypto is back to acting as the fastest horse in the macro race.

The article is provided for informational purposes only and does not constitute investment advice.

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Source: https://coindoo.com/crypto-rally-extends-bitcoin-ethereum/

The post Crypto’s 8th-Biggest Liquidation Event: Inside the $2.99B Flush appeared first on Coindoo.

The imbalance shows how the advance turned into a short-covering event. BTC and ETH futures accounted for $2.55 billion of the reported liquidations combined, while the largest single order was a $48.80 million BTC-USD liquidation on Hyperliquid.

$2.74B in short positions were forced closed

Liquidation is the forced closure of a leveraged derivatives position when its margin can no longer cover losses. For a short position, closing usually requires buying the asset or contract back. Large clusters of short liquidations can therefore add buying pressure during an upward move.

That mechanism dominated the 24-hour reading. Shorts made up about 91.6% of reported liquidations, leaving long liquidations at less than one-tenth of the total. The figures describe the notional value of positions that exchanges closed; they do not equal every trader’s final profit or loss.

According to data from Coinglass, Bitcoin accounted for $1.42 billion in liquidations and Ethereum for $1.13 billion. Together, the two assets made up roughly 85% of the reported total, concentrating the forced closures in the largest crypto futures markets. Solana followed at $104.96 million.

The forced-closure wave had eased

The $2.99 billion figure covers a full day. The most recent four-hour window showed $29.12 million in liquidations, less than 1% of the 24-hour total, while the last hour recorded $3.61 million.

The latest one-hour and four-hour readings were led by long liquidations, unlike the 24-hour total. That may reflect a pullback after the sharp rise, with newer long positions taking the losses. Liquidation data alone cannot show the exact price path, but it does show that the short-covering wave was no longer producing the same scale of forced closures.

Why sideways trading can amplify a breakout

Crypto had spent recent weeks moving sideways before the rally. A range-bound market can leave leveraged positions clustered around the same support and resistance levels, especially when traders expect the range to continue.

When price escapes that range, positions on the wrong side can be closed in quick succession. As we said earlier, short liquidations then add buy orders to the move, pushing prices through the levels where more shorts may be forced out. The mechanism can magnify a breakout without proving what caused the first move.

Treasury news was part of the backdrop

The liquidation burst developed after the US Treasury announced larger long-bond buyback limits, a decision that coincided with falling yields and gains across major crypto assets. Our earlier report tracked the market reaction in Bitcoin, Ethereum, Solana, XRP and gold.

CoinGlass labels the August 19 event “US Treasury Buybacks + SEC Crypto Reg. Tailwinds” on its historical board but still the available data cannot separate the effect of the Treasury news from broader risk appetite, momentum and derivatives positioning already present after weeks of sideways trading.

Source review: Liquidation totals, trader count, long-short split, largest order, asset heatmap figures and the eighth-place ranking are based on CoinGlass data from August 20, 2026 – 06:30 UTc. CoinGlass’ historical liquidation documentation describes aggregated long and short liquidation data across exchanges. CoinGlass’ historical ranking page also warns that liquidation-order reporting frequency limits may affect the reported record. The article is provided for informational purposes only and does not constitute investment advice.

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Source: https://coindoo.com/cryptos-biggest-liquidation-event-inside-flush/

The post XRP Clawed Its Way Out of the $1 Zone – Now Comes the Hard Part appeared first on Coindoo.

Key Takeaways

$1.2 is the close that could change the chart

Drawn from XRP’s $0.98 swing low to its $1.54 high, these Fibonacci levels carve the recent pullback into actionable zones. They aren’t crystal balls; their utility lies in marking the exact boundaries where a relief rally either builds a foundation or rolls over.

Snapping back above the 0.382 retracement at $1.2 is a win, but a daily close above that marker matters far more than an intraday flash through it. If buyers can cement a close over $1.2, that line transforms from a former ceiling into a possible safety net during pullbacks.

Slip back below it, and the breakout loses its teeth. XRP drifts back into the lower half of the range, looking less like a confirmed trend reversal and more like a violent dead-cat bounce off parity.

The next barrier is a zone, not one price

$1.267 and $1.276 form the immediate blockade

The 0.5 Fibonacci retracement rests at $1.267, sitting right on top of the 200-day SMA at $1.276. That heavy convergence gives the $1.27 neighborhood immense technical gravity.

The 200-day SMA averages out the past 200 daily closes, serving as the ultimate litmus test for the macro trend. A recovery that stalls out underneath it hasn’t actually fixed the broader downtrend. XRP doesn’t need to obliterate this hurdle in a single green candle, but bulls must prove sellers can’t continuously hammer the price back down.

Above it, $1.33 waits in the wings

Clear the $1.267-$1.276 barrier on a daily close, and the 0.618 Fibonacci level at $1.33 comes into view. That’s simply the next logical destination on the map, it only matters if buyers first secure acceptance above the 0.5 Fib.

Looking downward, the first line of defense is $1.2. Lose that, and the chart pivots to the 100-day SMA at $1.15, followed by the 0.236 retracement at $1.118. Deeper down, the 50-day SMA sits at $1.07, with August’s low near $0.98 acting as the ultimate line in the sand for the recovery.

Futures drove the bus, but spot needs to take the wheel

Peering under the hood of the order flow explains why traders are exercising caution near resistance. CoinGlass figures logged $20.30 million in positive XRP futures net flow over 24 hours, while spot markets ran a net negative of $2.56 million. During the peak 12-hour acceleration window, derivatives trading went into hyperdrive with $58.69 million in net inflows, compared to a modest $10.11 million positive spot reading.

That divergence matters. This wasn’t a slow, organic accumulation by cash buyers; it was a high-octane derivative push. While aggressive leverage can trigger powerful short squeezes, it also leaves the market vulnerable if leveraged longs capitulate right at major resistance.

CoinGlass tracks trade direction via market orders snapping up asks or hits on bids, it doesn’t differentiate between fresh longs or short covers. Even so, the message is clear: the urgency came from the futures pit.

The silver lining was the positive spot activity during the strongest 12-hour stretch. For this recovery to shake off its leverage-heavy reputation, spot buyers need to show up in force while XRP tests the $1.27 region.

READ MORE:

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ETF flows add a quieter source of demand

U.S. spot XRP ETFs chipped in $2.35 million in net inflows during the August 19 session, according to SoSoValue data. Bitwise led the pack with $1.19 million, followed by Franklin at $1.16 million.

While small change compared to derivatives volume, the distinction is vital. ETF purchases represent organic cash allocations via regulated wrappers. You can’t mash ETF tallies directly into CoinGlass order books, but consistent institutional inflows give the token structural ballast that pure derivatives hype simply can’t match.

What bulls must defend, and what sellers want to reclaim

XRP’s bounce off the $1 floor is impressive, but the easy part is over. Now comes the real test: turning raw momentum into structural acceptance, starting with a daily close over $1.201 and a clean break of the $1.27 resistance cluster.

The article is provided for informational purposes only and does not constitute investment advice.

The post XRP Clawed Its Way Out of the $1 Zone – Now Comes the Hard Part appeared first on Coindoo.

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Source: https://coindoo.com/xrp-clawed-way-out-zone-now-comes-hard-part/

The post Solana Eyes $90 Breakout Amid Red-Hot Momentum appeared first on Coindoo.

Coinbase daily charts shows SOL trading at $90.6 after tapping an intraday high of $91.3, putting the token face-to-face with the 0.786 Fibonacci retracement which is also a psychological barrier near $90.

The surge marks a notable shift in short-term structure. Having defended the 0.618 retracement at $83 and cleared the 200-day SMA at $81 alongside the 50-day and 100-day averages near $76, the immediate question is whether bulls can secure a daily close above $90 rather than just a fleeting wick.

The daily close holds the final verdict

Measured from its $60 swing low up to $98, the chart puts the 0.786 retracement right at $90. Because this is a late-stage resistance level, with most of the previous drawdown already recovered and the initial spark already used, intraday spikes matter far less than where the daily candle settles.

A confirmed daily close above $90 proves that buyers are actively absorbing supply at these heights. Conversely, a rejection that leaves a long upper wick would signal exhaustion, especially following such a rapid climb.

Momentum indicators reflect that intensity. The daily RSI reads 80.68, climbing well past the 70 overbought threshold. While an elevated RSI isn’t an automatic sell signal, it heavily suggests the price may need to pause or successfully retest lower foundations before making a sustained run at the $98 swing high.

Defending the breakout: $83 vs. the $76 shelf

If a pullback occurs, traders are looking at two distinct defense lines. The first is $83 (the 0.618 Fib level), which served as the launchpad for the latest leg upward. Holding that marker keeps the near-term uptrend intact.

Below that lies a much heavier, multi-layered support shelf. The 50-day SMA ($76.83), the 100-day SMA ($76), and the 0.382 Fibonacci retracement ($74.6) converge tightly in the $74-$76 band, right alongside the descending trendline that suppressed SOL’s price action through July and early August.

That heavy confluence turns the $74.6-$76.8 zone into a critical floor. While a dip to $83.6 would be a mild speed bump, losing the $76 shelf would severely compromise the integrity of the broader recovery.

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Faster slot times add wind to the sails

The price action coincides with the rollout of the first phase of SIMD-0525, an ambitious protocol upgrade designed to compress target slot times from 400 milliseconds down to 200 milliseconds across four stages. With initial targets set at 350 milliseconds, Anza’s feature tracker highlights active mainnet feature gating.

While this performance upgrade provides a powerful fundamental backdrop, it shouldn’t be treated as a direct pricing formula. The protocol pairs faster block cadence with adjusted per-slot work limits to keep aggregate processing stable. Even so, improving network expectations can give traders the confidence to push technical boundaries before full performance metrics materialize on-chain.

From sub-average lows to structural recovery

The current technical landscape is a far cry from late June, when SOL was languishing near $71 beneath all major moving averages, a period where analysts pointed to $65 as the ultimate downside pivot. Breaking cleanly back above the 50-day, 100-day, and 200-day averages proves the current rally extends well beyond a routine relief bounce.

Ultimately, Solana’s immediate trajectory boils down to three strict boundaries: clear $90 on a daily close, hold $83.6 on minor dips, and let the robust $74-$76 shelf act as the ultimate safety net for the broader trend.

Source review: Price levels, Fibonacci markers, moving averages, and RSI metrics stem from the supplied TradingView Coinbase SOL/USD daily chart captured on August 21, 2026. Upgrade details are sourced from the official SIMD-0525 documentation and Anza’s feature-gate tracker. The article is provided for informational purposes only and does not constitute investment advice.

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Source: https://coindoo.com/sol-breakout-amid-red-hot-momentum/

The post Aave Moves to Pull the Plug on Its Aptos Bug Bounty appeared first on Coindoo.

Aave’s latest ARFC asks the DAO to sunset the bug-bounty program for Aave V3 on Aptos and end Cantina’s role as its provider.

A bug bounty pays independent researchers for valid vulnerability reports. The program provides an ongoing route for security findings after a product goes live.

The request arrives while Aave is separately debating the future of its Aptos lending market. Those discussions cover the market itself and the services that support it.

Two governance requests cover different parts of Aptos

The Aptos discussion involves two Aave proposals.

• The market proposal: A July ARFC on low-adoption markets recommends limiting new use of Aave V3 on Aptos while current positions are reduced over time.
• The bounty proposal: The newer ARFC asks whether Aave should continue funding an Aptos-only bug bounty through Cantina.

The market proposal deals with deposits, borrowing and available liquidity. The bounty proposal covers rewards for researchers who report security issues.

Both requests are awaiting governance approval. The protocol configuration remains unchanged unless a later governance action implements either measure.

Why Aptos had a dedicated bounty

Aave launched on Aptos with a separate version of V3. Aptos uses Move, while Ethereum smart contracts commonly use Solidity.

According to Aave’s launch announcement, the Move-based deployment went through audits, a Cantina mainnet security competition and a bounty offering up to 500,000 GHO, Aave’s stablecoin.

Each measure serves a different purpose:

• Audits examine code before or around a launch.
• Security competitions give researchers a set period to test a project.
• Bug bounties reward valid reports while the program remains open.

Cantina’s published Aptos scope covered Move modules, frontend components, APIs and deployment configuration. The program covered the full Aptos product setup.

Aave outlined this arrangement in its 2026 bounty-program restructuring proposal, which assigned Aave V3 on Aptos to Cantina while other Aave products used different providers.

Aptos market activity had already fallen

The July market proposal described a sharp decline in Aptos activity.

At the time of publication, it estimated about $1.7 million in supplied assets and roughly $719,000 in debt. Available liquidity had fallen from around $18 million to $1 million over the previous six months, while quarterly revenue was below $1,000.

These figures reflect the market conditions reported in July. The proposal recommended freezing Aptos reserves and setting supply and borrow caps to one. Approval would block meaningful new deposits and borrowing while existing suppliers and borrowers reduce their positions.

The document leaves the bounty program’s costs undisclosed, preventing a direct calculation between that expense and the market’s decline. The lower level of activity still provides the backdrop for Aave’s review of a dedicated Aptos security program.

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What the proposals mean for users and researchers

For Aave users

The bounty proposal affects the reward program for outside researchers. Lending parameters, withdrawal access and borrowing conditions remain tied to the live protocol configuration and any separately approved market changes.

Users with an Aptos position should follow the market proposal and later governance decisions. Those measures would determine the timetable and limits for activity on Aave V3.

For security researchers

Eligibility follows the active terms published by Aave and Cantina. The ARFC asks to sunset the program, while the published scope and any approved closure terms determine which reports qualify for a reward.

Closing the bounty would close this public reporting and reward route for Aave V3 on Aptos.

The two Aptos plans now move together

Aave Labs recorded the release of Aave V3 on Aptos in its June 2025 development update. The launch introduced Aave’s first deployment outside Ethereum-compatible networks and required its own codebase and security setup.

Approval of both proposals would narrow Aave’s Aptos operations. The market would admit less new lending activity, and the dedicated public bounty through Cantina would close.

The decisions concern Aave’s own Aptos deployment, its activity levels and the operating work required to maintain it.

The post Aave Moves to Pull the Plug on Its Aptos Bug Bounty appeared first on Coindoo.

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Source: https://coindoo.com/aave-moves-pull-the-plug-aptos-bug-bounty/

The post HYPE Is Back at $60 – The Real Test Starts Here appeared first on Coindoo.

HYPE traded close to $60 across major markets at the time of writing. It has pushed above the 0.382 Fibonacci retracement at $59.5, yet the daily chart still places three nearby obstacles above the current price.

The important distinction is simple: $59.5 now marks the level buyers need to hold, while the moving averages and channel ceiling determine whether the recovery can continue.

The real resistance starts at $60

The chart measures the decline from the June high near $73 to the late-July low around $51. HYPE has already climbed through the first retracement level above the rebound. The next cluster is tighter.

The channel line is an approximate chart boundary, unlike the fixed Fibonacci and moving-average values. Its importance comes from its overlap with the two moving averages.

A daily close above roughly $60.2–$60.4 would place HYPE over the entire cluster. Until then, the move remains a recovery into resistance rather than a confirmed continuation.

Binance open interest eased as HYPE approached $60

HYPE’s derivatives market remains large. CoinGlass listed about $2.53 billion in aggregate HYPE open interest at the time of writing, alongside roughly $1.59 billion in 24-hour futures volume and about $71.7 million in spot volume.

Binance offers one useful part of the picture. HYPE’s open interest was worth roughly $286.7 million, compared with about $291.1 million around one day earlier. That is a decline of about 1.5%.

The exchange therefore showed price appreciation without an expansion in open positions. The data leaves several explanations open, including short covering, long reduction and buying on other venues. It rules out a fresh build-up of Binance open interest as the immediate source of the move.

Hyperliquid’s own perpetual market showed about 22.73 million HYPE in open interest, worth roughly $1.36 billion at the live price. Its latest funding rate was positive at 0.00125% per hour, meaning long positions were paying short positions during that period.

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The daily close now sets the near-term map

Above $60.4

A daily close above the channel ceiling would also clear the 50-day and 100-day averages. The next level on the chart sits at $62, the 0.5 Fibonacci retracement.

The move would still need to hold above the $60 area on later candles. A return under the moving averages would keep HYPE within the same range.

Below $59.5

A loss of the 0.382 Fibonacci level would place HYPE back below the recovery pivot. The next chart area sits near $56.3, where the 0.236 retracement meets the lower edge of the channel.

That makes the near-term setup clear: $59.5 is the level buyers need to defend, while $60.1–$60.4 is the area they need to overcome. The daily close will show which side has control of the range.

The post HYPE Is Back at $60 – The Real Test Starts Here appeared first on Coindoo.

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Source: https://coindoo.com/hype-real-test-starts-here/

The post SOL Is Cornered Near $75 as Solana Rethinks Inflation appeared first on Coindoo.

Lower Highs Have Pushed SOL Into a Tight Range

SOL traded near $75 on August 15, less than 1% above the 0.382 Fibonacci retracement near $74.5. Directly overhead, the descending blue trendline meets the 50-day SMA near $75.9, with the 100-day SMA at $77. Less than $2.50 separates support from the top of that resistance band.

The other side of the structure has held near $71.8. SOL returned to that area around the end of July and again in early August, but sellers could not force a sustained break beneath it.

Buyers then reclaimed Fibonacci support and pushed the price back into the $76 area. The rebound stopped below the descending trendline, and the candles narrowed as support and resistance moved closer together.

A daily close above the full resistance band would open room toward the 0.5 Fibonacci retracement close to $79. The next cluster sits higher, between the 200-day SMA at $82 and the 0.618 Fibonacci level near $83.5.

A close below Fibonacci support would erase the latest reclaim and expose the horizontal triangle base again. If that floor fails, the 0.236 Fibonacci level at $69 becomes the nearest marked support.

Recent candles have crossed nearby levels intraday and closed back inside the range, so confirmation still depends on the daily close and successful retest.

Lower Inflation Would Shift More Weight to Network Demand

Grayscale Head of Research Zach Pandl estimates that SOL’s annual supply inflation could fall to roughly 1.1% by the end of 2031 if the changes under discussion are adopted.

His estimate rests on two mechanisms examined in our analysis of Solana’s proposals to slow SOL supply growth.

Two Proposals Target Different Parts of SOL Supply

• SIMD-0550 would reduce new issuance. It would increase the annual reduction in Solana’s inflation rate from 15% to 30%, resulting in an estimated 18.9 million fewer SOL being created over six years. The network would reach its 1.5% issuance floor in the first half of 2029 instead of 2032.
• SIMD-0553 would increase fee burning. It proposes a resource-based fee that would be burned in full. At its terminal modeled rate, the system could destroy between 7,500 and 9,000 SOL per day if activity resembles the May 2026 sample used by its authors.

Together, the changes would move SOL’s economics away from issuance and closer to usage. Fewer tokens would be distributed through inflation, while heavier demand for network resources could produce a larger burn.

Why Slower Supply Growth Is Not Automatically Bullish

• Issuance would still exceed burns. The proposal estimates that roughly 60,000 SOL currently enters circulation each day, far above even the projected terminal burn. The likely result is slower supply growth, not an immediately shrinking supply.
• The burn depends on activity. Fewer transactions would mean fewer tokens destroyed, while resource-based fees that become too costly could discourage some network use.
• Staking rewards would fall. Unstaked holders would face less dilution, but stakers and validators would receive fewer newly issued tokens. Their outcome would depend on SOL’s price and on whether fees and MEV replace enough of the lost reward income.

Pandl’s price argument is therefore conditional: lower supply growth may help if demand holds.

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How the Supply Thesis Connects to the Current Squeeze

The two stories operate on different timelines. The chart will determine whether the current recovery can continue, while the proposals – if approved – would shape how quickly SOL dilution falls in the years ahead.

Lower issuance could improve SOL’s supply profile, but only sustained network activity can generate meaningful burns and compensate for lower staking rewards. For now, the chart is testing buying demand; the tokenomics debate is testing whether Solana can rely less on inflation without weakening participation.

The post SOL Is Cornered Near $75 as Solana Rethinks Inflation appeared first on Coindoo.

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Source: https://coindoo.com/sol-cornered-solana-rethinks-inflation/

The post Top 5 Crypto Performers as VELVET Soars 155% in a Week appeared first on Coindoo.

The developments behind them fall into three categories: mechanisms that buy tokens with protocol revenue, changes that restrict new supply, and headlines that mainly improve visibility or market access. Only the first two alter token economics directly, and even then the price effect depends on execution and investor demand.

 1. Velvet (VELVET): A 155% Rally Meets a Supply Test

At $1.18 at the time of writing, VELVET had gained 26% in one day and 155% in one week. The scale of that move leaves little room for product adoption to disappoint.

Velvet’s trading terminal combines spot, perpetual and yield markets across seven networks, including Base, Ethereum, BNB Chain, Solana and Hyperliquid. Its AI-powered routing is designed to spare traders from moving between separate interfaces. That expansion becomes relevant to VELVET only when it produces sustained trading volume and greater use of the token for rewards, governance or fee cashback.

Velvet’s Epoch 11 reward structure provides a separate, supply-side explanation. Only 12% of distributed VELVET is liquid; the remaining 88% is locked and staked for 12 months. That reduces the amount immediately available for sale but does not destroy it. The locked allocation can become an overhang when it is released.

Coverage of an earlier VELVET surge linked it to speculation around SpaceX and pre-IPO exposure. That helps explain how VELVET attracted attention, but it is not a new catalyst after SpaceX’s market debut. Following a 155% weekly rally, current platform use carries more weight than a recycled IPO narrative.

2. Ether.fi (ETHFI): Buybacks Create a Clearer Demand Channel

ETHFI gained 9% in 24 hours and 25% over the week, bringing its price to about $0.48. Its latest update provides a direct, though still unquantified, link between protocol revenue and the token.

On August 13, ether.fi introduced programmatic ETHFI buybacks funded across its products and revenue lines. Ether.fi had purchased tokens before; the change is that buybacks are now recurring and tied to a broader revenue base.

The announcement did not disclose enough to determine how much buying pressure the program can generate. Revenue can grow without producing a proportionate rise in ETHFI demand if only a small share funds purchases or if bought tokens later return to circulation.

Ether.fi also made a $100 million allocation to a real-world asset vault on Plume. The vault could expand assets and fee income, which may eventually support larger buybacks. The allocation itself does not represent $100 million of ETHFI purchases.

3. Jito (JTO): A Buy-and-Burn Proposal Meets Solana Risk

JTO rose 7% for the day and 23% for the week to trade near $0.60. Access changed in both directions: Bitstamp added JTO trading, while CoinTR removed its JTO pairs in August. The first can improve liquidity and bring in new buyers; the second reduces access in one market. Neither changes Jito’s underlying revenue.

JIP-38 goes further by proposing that the Jito DAO’s share of JTX revenue fund JTO market buybacks and burns through the fourth quarter of 2027. Completed purchases would add demand and the burns would remove the acquired tokens from supply. Until JTX produces meaningful fees and those transactions occur, however, the policy remains more important as a framework than as a source of buying pressure.

JTO also carries some of Solana’s operating risk because Jito supplies staking and transaction infrastructure to the network. A routing problem reported by Marinade Finance recently pushed about 29% of Solana’s stake offline and brought the network close to its finality threshold, although blocks and transactions did not stop. More Solana activity can increase Jito’s revenue opportunity; instability can undermine confidence in the same business.

4. Chainlink (LINK): The Reserve Matters More Than a Price Target

LINK advanced 6% in 24 hours and 12% over the week, reaching $9.27. Standard Chartered’s newly initiated coverage gave traders a striking set of numbers: a $13 target for the end of 2026, $200 by 2030 and a tokenized-asset market projected to reach $4 trillion by 2028.

Those are forecasts, not protocol cash flows. They can improve sentiment, but the valuation case still requires banks, asset issuers and blockchains to pay for Chainlink services at a much greater scale. The bank’s target does not place a floor under LINK.

Transactions worth more than $100,000 reportedly reached a five-month high, while wallets holding 100,000 to 10 million LINK controlled about 47% of supply. The activity may reflect accumulation, but large transfers can also be internal movements, collateral changes or preparations to sell. Heavy concentration becomes a risk if major holders distribute into the rally.

The Chainlink Reserve provides the direct economic link. Through Payment Abstraction, service fees paid in stablecoins or other assets can be converted into LINK and accumulated in the Reserve. That can turn paid network use into token purchases. It is not a burn, and its effect will depend on how quickly the Reserve grows relative to LINK entering the market elsewhere.

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World Liberty Gets Preliminary OCC Nod for Bank Charter

5. Internet Computer (ICP): Lower Inflation Still Needs Higher Usage

ICP was the fifth-ranked performer at $2.27, with a 5% daily gain and a 9% weekly advance. Mission 70 aims to cut token inflation by at least 70% by the end of 2026, but that goal has two separate parts.

Reward reductions were approved in April, and implementation is underway. The Mission 70 white paper estimates that these supply measures can lower gross minting from roughly 10% in January 2026 to about 5% in January 2027. That would reduce dilution and the amount of newly issued ICP available for sale.

The remaining reduction cannot come from reward cuts alone. Reaching inflation of about 3% would also require cycle burning to rise by roughly 15 times. Internet Computer therefore needs greater commercial demand for its cloud and computing services, with users consuming enough resources to burn substantially more ICP.

Lower voting and node-provider rewards may also weaken participation if network use does not grow fast enough to offset the smaller incentives. Mission 70 can reduce supply growth, but demand must do the rest.

What to Watch After the Rally

• VELVET: routed trading volume and the schedule for locked reward releases.
• ETHFI: the value of completed buybacks relative to ether.fi’s revenue.
• JTO: JTX fees and verifiable JTO purchases and burns.
• LINK: fee conversions and growth in the Chainlink Reserve.
• ICP: gross minting, cycle burn and changes in network participation.

The ranking shows where traders placed money this week. The harder test is scale: buybacks, burns and emission cuts must be large enough to matter beside normal trading volume and new token supply. A mechanism can work exactly as designed and still be too small to support the price. Until the data show otherwise, these are strong rallies, not proof that the new token economics have worked.

The post Top 5 Crypto Performers as VELVET Soars 155% in a Week appeared first on Coindoo.

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Source: https://coindoo.com/top-crypto-performers-velvet-ethfi-jto-link-icp/

The post Why Ethereum Can’t Escape $1,870 Even as Sellers Retreat appeared first on Coindoo.

Ethereum Has Spent a Month Around the Same Pivot

As the daily chart shows, Ethereum was trading near $1,870 on August 15. The 0.382 Fibonacci retracement runs through the same area, while the 100-day simple moving average sits at $1,875, leaving less than $5 between the two indicators.

This is the area ETH reclaimed in mid-July. At the time, our previous Ethereum price analysis identified $1,870 as the level that could confirm the breakout or send price back toward the former range. One month later, ETH has crossed it repeatedly without establishing a trend.

Most daily closes have remained between roughly $1,830 and $1,950. That makes the Fibonacci level the center of the consolidation rather than clean support. The next useful signal is more likely to come from the edges of the range than from another move through its midpoint.

Glassnode Shows Exhaustion, Not a Confirmed Bottom

The Glassnode Seller Exhaustion Constant has dropped to about 0.0055, near the floor of the range visible since 2022.

Glassnode calculates the indicator by multiplying the percentage of ETH supply in profit by 30-day price volatility. A reading this low reflects both compressed volatility and a smaller profitable supply, conditions that can reduce the willingness or ability of marginal holders to keep selling.

The metric does not count active sellers, however, and it cannot confirm a bottom. ETH has stopped extending June’s decline, but recovery attempts have continued to stall between $1,900 and $1,950. The reading helps explain why the market has stabilized; it does not show that buyers are strong enough to end the consolidation.

A Five-Week ETF Inflow Streak Has Ended

Fund flows add the missing demand side of the picture. According to SoSoValue data, U.S. spot Ethereum ETFs recorded a $2.26 million net outflow in the week ending August 14. That ended five consecutive positive weeks in which the funds had attracted about $566 million combined.

The latest outflow was equal to only about 0.4% of the inflows accumulated during that run, so one red week is not enough to establish an institutional exit. It does show that the steady ETF bid present through much of the July recovery did not strengthen as ETH approached the upper end of its range.

Taken together, the Glassnode and ETF data partly explain why ETH keeps returning to $1,870. Selling pressure has eased, but fund demand has not accelerated enough to push price out of the range. Renewed ETF inflows could support another test of $1,950, while continued outflows would leave that breakout dependent on buyers elsewhere in the spot market.

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The Breakout Has Two Clear Boundaries

A daily close above $1,950 would clear the recent recovery highs and show that demand has finally displaced the month-long balance. The next tests would sit at the 0.5 Fibonacci retracement near $1,990 and the 200-day SMA around $2,020. Together, they form a stronger resistance band than the local highs alone.

On the downside, the rising 50-day SMA near $1,830 marks the lower edge of the current structure. Losing that average without a quick recovery would carry more information than another brief move below the midpoint. It would expose the 0.236 Fibonacci retracement near $1,730 and weaken the recovery built from the late-June low.

The two possible breaks would carry different messages. A move above the range would require buyers to overcome the remaining supply, while a drop below it could occur even without aggressive selling if bids around support weaken.

Technical indicators, on-chain metrics and ETF flow data describe current market conditions; they do not guarantee future price movements. This article is for informational purposes only and is not investment advice.

The post Why Ethereum Can’t Escape $1,870 Even as Sellers Retreat appeared first on Coindoo.

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Source: https://coindoo.com/ethereum-cant-escape-sellers-retreat/

The post Chainlink Reclaims Every Major SMA as $10 Comes Into View appeared first on Coindoo.

LINK Did Not Move on the Forecast Day

Standard Chartered’s August 10 forecast put LINK at $13 by the end of 2026 and $200 by 2030, but the market did not react that day. Price remained around $8.22-$8.26, below the 0.382 Fibonacci retracement and 100-day simple moving average. The forecast preceded the rally, but the timing alone does not show that it caused the buying.

The first response came one day later. LINK gained about 6%, cleared the upper edge of its late-July range and reached the 200-day SMA. As our previous Chainlink analysis explained, the 200-day average and the 0.5 Fibonacci retracement near $8.9 still stood in the way.

LINK spent the following sessions around that cluster, moved above the 0.5 level and accelerated on August 15. The latest candle opened near $8.95, reached $9.7 and is around $9.5 at the time of writing.

The New Support Test Sits at $8.80-$9

As the daily chart shows, LINK is now above the 50-day SMA at $8.20, the 100-day SMA at $8.5 and the 200-day SMA at $8.8. The last of those averages sits just below the 0.5 Fibonacci retracement at $8.9, forming the cluster that capped the earlier move. LINK has now cleared both and pushed through the 0.618 retracement near $9.4.

The August 15 candle is still open, so the move above $9.4 remains intraday for now. A daily close above it would strengthen the break, but only a later defense of the level could confirm it as support. Falling back below it would be less decisive because the stronger support band lies between roughly $8.80 and $9, where the 200-day SMA, the 0.5 retracement and the former price ceiling overlap.

A pullback into that band followed by a recovery would leave the structure intact by showing that buyers are willing to defend former resistance. A daily close below the 200-day SMA near $8.8 would be more damaging and bring $8.5 back into focus. That lower cluster contains the 0.382 retracement and 100-day SMA and marks the top of the old range.

$10 Is Next, but Momentum Is Already Stretched

The 0.786 Fibonacci retracement sits at $10, almost exactly on the psychological $10 level. The same area acted as a pivot during the May decline. A break above it would leave the May reference high near $11 as the next visible level.

Daily RSI has risen to about 72, above the conventional overbought threshold of 70. That reading does not predict an immediate reversal, but it shows how quickly the move has become extended. Volume had reached 2.1 million LINK for now, already elevated compared with many recent sessions. Both readings remained incomplete with several hours left before the daily close.

Technical indicators and price levels describe current market conditions and do not guarantee future performance. Market data can change quickly, particularly before a daily candle closes. This article is for informational purposes only and is not investment advice.

The post Chainlink Reclaims Every Major SMA as $10 Comes Into View appeared first on Coindoo.

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Source: https://coindoo.com/chainlink-second-rally-resistance/