The post HYPE Slipped to $53 Support – Are Buyers Strong Enough to Hold? appeared first on Coindoo.

The token trades at $54 after reaching a daily low of $52.8, extending the weakness identified when our previous analysis flagged the loss of $57.

That placed HYPE roughly 0.6% above the support shelf near $52, where the price stabilized on June 11.

Futures and spot flows began moving differently as HYPE approached that level. Leveraged traders rapidly reduced exposure, while most of the latest spot demand appeared during the final four hours. The combination suggests that some buyers were willing to absorb supply near the lower end of the June range, although the amount remains too small to confirm a reversal.

Key Takeaways

Futures Traders Reversed Their Positioning

CoinGlass recorded $11.87 million in net futures outflows over the latest 12 hours. The eight-hour figure was even more negative at $13.4 million.

Since the shorter window contained a larger outflow, the earliest four hours of the 12-hour period must have produced approximately $1.53 million in net inflows.

Positioning then changed quickly. Futures recorded about $6.47 million in net outflows during the following four-hour block and another $6.93 million during the latest four hours.

Liquidation data shows that bullish traders absorbed most of the damage. Of the $3.49 million in HYPE positions liquidated over 24 hours, approximately $3.37 million came from longs.

The liquidations appear to have followed the price decline. Once they began, however, forced closures likely added pressure by automatically selling leveraged long positions into an already weakening market.

The figures show that traders initially increased leveraged exposure but began cutting positions aggressively when HYPE continued lower.

Spot Demand Strengthened Near Support

Spot activity developed differently.

HYPE recorded approximately $503,000 in net spot inflows over 12 hours. Around $458,000 arrived during the latest four hours, accounting for roughly 91% of the total.

The preceding four-hour block had recorded approximately $349,000 in net outflows. Buying therefore strengthened only after HYPE moved closer to the June support area.

This can make the market less vulnerable to another liquidation-driven move. Spot purchases do not carry the same forced-closing risk as leveraged futures positions, giving the price a more stable source of demand.

The inflow remains modest and has not pushed HYPE back above any major resistance. It does show, however, that buyers began responding near the bottom of the June range instead of allowing the decline to continue without resistance.

The regulated investment market didn’t provide any support.

SoSoValue data shows that HYPE spot ETFs recorded $8.78 million in net outflows on July 29, following another $1.24 million of withdrawals on July 28. Combined outflows reached $10.02 million across the two sessions.

ETF activity remains small compared with HYPE’s broader spot, onchain and derivatives markets, so these withdrawals were unlikely to be the main cause of the decline.

They still provide useful context. ETF investors were reducing exposure as HYPE approached support, leaving buyers in native crypto markets to defend the June floor.

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HYPE Is Testing the June Support Shelf

The daily low of $52.8 stopped slightly above the flat support near $52, keeping the June base intact for now.

A confirmed daily close below this area would break the consolidation floor and expose the 0.5 Fibonacci retracement near $51. If that level also fails, the deeper 0.618 retracement around $45 would become the next major support.

The first meaningful recovery test sits near $57, where the 0.382 Fibonacci retracement and the 100-day simple moving average are currently positioned. Since HYPE recently lost this area, buyers would need to establish daily price acceptance above it rather than produce only a brief intraday move.

The broader trend remains bearish. HYPE trades below its 50-day SMA around $64 and the 0.236 Fibonacci retracement near $65, while the descending sequence of July highs remains intact.

The late spot inflow could help stabilize HYPE above the June shelf, particularly if futures outflows begin to slow.

A relief bounce toward $57 is possible while support holds, but it would not change the broader downtrend. Reclaiming that area on a daily closing basis would provide the first sign that buyers can sustain demand beyond immediate support.

For now, the flow data points to possible stabilization rather than a confirmed reversal.

The post HYPE Slipped to $53 Support – Are Buyers Strong Enough to Hold? appeared first on Coindoo.

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Source: https://coindoo.com/hype-support-buyers-strong-enough-hold/

The post Ethereum Loses July Recovery Channel, Drops Below $1,900 appeared first on Coindoo.

Key Takeaways

ETH broke below the channel on July 23 and has now remained outside it for five consecutive daily sessions. Recent rebounds have tested the former lower boundary from below, but buyers have been unable to move price back inside the structure.

The latest rejection also came from the $1,950 area, just beneath the 100-day simple moving average near $1,950. That leaves Ethereum back near the 0.382 Fibonacci support around $1,870.

The Broken Channel Has Become Resistance

The channel breakdown is already confirmed. Its former lower boundary has shifted from support into resistance, adding another obstacle above the current price.

Holding $1,870 could support another attempt at $1,950. A move through that level would give buyers a chance to recover the broken channel and retest $1,950, followed by the 100-day SMA and the 0.5 Fibonacci retracement near $1,980.

A daily close below $1,870 would expose the 0.236 retracement near $1,730.

Long Traders Took Most of the Losses

Coinglass recorded $98.8 million in Ethereum liquidations over 24 hours. Long positions accounted for $76.9 million, compared with $21.9 million in short liquidations.

The imbalance shows that the rejection forced heavily positioned bullish traders out of the market. Removing that leverage can reduce immediate liquidation pressure, but price still needs fresh demand before a recovery can develop.

Ethereum’s OI-weighted funding rate also moved below zero after remaining positive through much of July. Because the metric gives more weight to markets with larger open positions, the shift suggests that leveraged positioning has tilted slightly towards shorts.

That reduces the earlier concentration of long bets and could strengthen a rebound if shorts are forced to close. Negative funding alone, however, does not show that buyers have returned.

Futures Exposure Returns as Spot Demand Lags

Ethereum futures recorded a three-day net inflow of $284 million after a seven-day net outflow of $676 million.

The return of futures capital shows that traders are rebuilding exposure after the previous week’s reduction. More leverage could amplify the next move, particularly while ETH remains below its former channel.

Spot flows offer less support. Coinglass recorded a 12-hour net outflow of $30.7 million, although the one-, four- and eight-hour readings had moved into positive territory.

Some buyers have responded near the current price, but the shorter inflows have not yet offset the broader 12-hour withdrawal. That helps explain why ETH has stabilized near $1,880 without recovering the resistance above it.

The Wider Chart Has Improved, but Not Reversed

On a broader timeframe, Ash Crypto posted on X that Ethereum has moved above a descending trendline that had capped price for roughly 11 months. That break improves the longer-term picture and could support sentiment across the altcoin market.

It does not confirm a full reversal. ETH remains below its 100-day and 200-day moving averages, with the latter near $2,130, and still trades beneath the larger downtrend extending from its multi-year high.

The immediate test is whether Ethereum can recover $1,950 and reclaim the broken July channel from below. Failure to do so would keep the breakdown active, while a close beneath $1,870 would shift attention towards $1,730.

The post Ethereum Loses July Recovery Channel, Drops Below $1,900 appeared first on Coindoo.

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Source: https://coindoo.com/ethereum-loses-july-recovery-channel-drops/

The post XRP Tests $1.05 as Sellers Take Control – Is $1 Next? appeared first on Coindoo.

Key Takeaways

The move confirms the downside risk discussed in our previous XRP analysis. The first bounce lacked enough demand to move price away from support, leaving the structure vulnerable when selling returned. placing it directly on another important area.

XRP Has Returned to a Key June Support

The $1.05 zone combines the early-June low with the range where XRP traded repeatedly between June 24 and June 30. That history makes it the clearest nearby area where buyers may try to slow the decline.

A sustained break below it would expose the June 26 bottom near $1.01. That level marked the base of the recovery that later developed into the rising triangle.

Spot and Futures Traders Are Pulling Back

Coinglass data shows that capital left both XRP spot and futures markets as the trendline failed.

Spot trading recorded a 12-hour net outflow of approximately $2.54 million, while futures posted a much larger net outflow of $24.02 million. The four- and eight-hour readings were also negative in both markets.

The combination matters. Spot buyers were not absorbing enough supply to defend the chart, while derivatives traders were reducing leveraged exposure rather than positioning for an immediate rebound.

The futures withdrawal was far larger, suggesting that much of the reaction came from traders cutting risk as support gave way. That can reduce future liquidation pressure, but it does not repair the chart without renewed spot demand.

READ MORE:

Ethereum Loses July Recovery Channel, Drops Below $1,900

The Broken Trendline Is Now Resistance

XRP must first recover the former triangle support before the short-term structure can improve. The rising line now sits close to the 50-day simple moving average near $1.1101, creating a difficult resistance area.

A move back above both levels would show that the breakdown failed and return XRP to its previous range. Until then, rebounds towards that area may attract sellers.

The wider risk-off mood ahead of rate decisions from the Federal Reserve and the Bank of Japan. A change in Japanese rates could force investors to unwind yen-funded carry trades, positions built by borrowing cheaply in Japan to buy higher-yielding assets, which can trigger selling across crypto. Even so, XRP’s immediate weakness might be best explained by its broken chart structure and the outflows from its spot and futures markets.

Holding $1.05 could produce a relief bounce, but XRP would remain technically weak beneath the broken trendline and 50-day SMA.

A daily close below the current support would bring $1.01 into focus. A recovery above the former triangle boundary would be the first sign that buyers are beginning to repair the breakdown.

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Source: https://coindoo.com/xrp-sellers-take-control/

The post Morgan Stanley Officially Launches ETH and SOL ETPs With Staking appeared first on Coindoo.

Key Takeaways

The Morgan Stanley Ethereum Trust trades under MSSE, while the Solana Trust uses MSOL, confirming the launch plans covered in our earlier report on the two staking products. Each carries a 0.14% expense ratio and intends to stake part of its underlying ETH or SOL holdings.

“As client interest in digital assets continues to grow, we’re focused on providing a range of digital asset solutions that allow investors to diversify their portfolios across traditional and decentralized asset classes while also adhering to Morgan Stanley’s standards for governance, infrastructure and risk management”, said Amy Oldenburg, head of digital asset strategy at Morgan Stanley, in the press release.

Why the Products May Appeal to Investors

The main benefit is easier access. Investors can gain exposure through a conventional brokerage account without opening an account at a crypto exchange, managing private keys or choosing a validator.

That structure may be particularly useful for financial advisers and institutions whose internal rules permit exchange-traded securities but restrict direct cryptocurrency custody.

Staking adds another potential source of return. A standard spot product mainly follows the price of the underlying token after fees, while MSSE and MSOL can also earn rewards for helping secure their respective networks.

Those rewards may partly offset the expense ratio when ETH or SOL prices are flat, but they are not fixed or guaranteed. The amount depends on network conditions, validator performance and how much of the trust’s holdings can be staked while maintaining enough liquidity for redemptions.

How the Staking Rewards Are Divided

Morgan Stanley says it will retain none of the staking rewards. Under the Ethereum Trust prospectus, custodians and staking providers are expected to deduct a service fee equal to 5% of gross rewards.

The remaining rewards stay with the trust before being distributed to shareholders, generally in cash. Investors therefore benefit from staking without operating their own validator, although the service-provider deduction reduces the amount they ultimately receive.

READ MORE:

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Convenience Comes With Trade-Offs

Shareholders do not directly own ETH or SOL. They cannot transfer the assets to a personal wallet, use them in decentralized finance or choose how they are staked.

Staked assets can also become temporarily unavailable during activation, exit and withdrawal periods. Validator failures may reduce rewards or create slashing losses, while delays in unlocking tokens could complicate large redemptions during volatile markets.

The shares may also trade above or below the value of the assets held by the trusts. In addition, the products are not registered under the Investment Company Act of 1940, meaning they do not carry all the protections associated with conventional mutual funds and registered ETFs.

Morgan Stanley Now Offers BTC, ETH and SOL Exposure

The launch expands Morgan Stanley’s crypto lineup beyond its existing Bitcoin product. Clients can now access Bitcoin, Ethereum and Solana through exchange-traded securities within the same brokerage framework.

MSSE and MSOL may suit investors who value professional custody, low fees and staking income without managing wallets themselves. Their returns will still depend mainly on the price of ETH and SOL, with staking providing an additional variable component rather than turning the products into conservative income funds.

The post Morgan Stanley Officially Launches ETH and SOL ETPs With Staking appeared first on Coindoo.

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Source: https://coindoo.com/morgan-stanley-officially-launches-eth-and-sol-etps-with-staking/

The post Why HYPE’s Drop Below $57 Matters for Traders appeared first on Coindoo.

Fund demand weakened alongside it. Grayscale published a constructive valuation case the same week, built on Hyperliquid’s projected 2027 earnings, leaving a gap between what the model implies and how investors are currently positioned.

The $57 Zone Has Turned Into Resistance

HYPE spent much of late June and mid-July trading around $57, giving the area more structural weight than the 0.382 Fibonacci level alone. The zone also contains the 100-day moving average near $57.30, which previously acted as support.

That cluster now sits overhead. Traders who bought around $57 may use a rebound to reduce losses, while sellers can treat the former support as a new entry area.

The descending trendline from the July highs adds further pressure, and the 50-day moving average at $64 sits above it.

ETF Flows Have Reversed Since Mid-July

The weekly ETF data from SoSoValue initially showed uninterrupted demand. Every completed reading from May 15 through July 10 was positive, including $57.19 million for the week ending May 29 and a peak of $111.36 million by June 26.

Another $10.36 million entered during the week ending July 10, then the sequence turned negative. Net outflows reached $7.26 million by July 17 and $8.61 million during the week ending July 24.

The weakness has continued into the current week, with withdrawals of $2.89 million on July 27 and $1.24 million on July 28, bringing the partial weekly total to $4.14 million.

Those red readings are modest against the inflows recorded in May and June. What gives them weight is the timing: ETF demand faded in the same window that HYPE lost $57 and slipped under its 100-day average.

Grayscale Values HYPE Through Future Earnings

In a July 28 report, Grayscale Head of Research Zach Pandl argued that HYPE should be valued using “earnings per token” instead of being treated purely as a speculative cryptocurrency.

Grayscale estimates that Hyperliquid could generate $1 billion in earnings during 2027. With circulating supply projected between 270 million and 310 million HYPE, that equals $3.25 to $3.75 in earnings per token.

At a HYPE price near $54, those estimates produce a forward multiple of 15 to 18 times earnings. Pandl compared that with a range of 20 to 40 times for many listed fintech and crypto companies, arguing that HYPE still looks relatively inexpensive.

The calculation depends on Hyperliquid sustaining strong trading activity and fee revenue. Any shortfall would reduce earnings per token and lift the effective multiple.

Supply growth is the other variable. Contributor allocations unlock at roughly 550,000 HYPE each month, and faster circulation growth would divide future earnings across more tokens while adding selling pressure.

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Potential Moves

Upside scenario

A daily close between $57 and $57.3 would retake the broken Fibonacci level and the 100-day average, returning HYPE to its former consolidation range. That would signal stabilisation on its own. The more meaningful test is $64, where the 50-day average meets another Fibonacci level above the sequence of lower highs formed since early July. Clearing it would put price back over both averages and challenge the downtrend. ETF flows turning positive alongside either move would strengthen the case.

Downside scenario

The 0.618 Fibonacci retracement near $52 is the next support. Losing it would expose the $45 area, where the 0.786 retracement meets the base formed during April and May.

Bigger picture

A valuation model and a price chart answer different questions. Grayscale’s case can hold while HYPE trades lower for months, since forward multiples improve as price falls. The levels above determine when positioning starts agreeing with the thesis.

The post Why HYPE’s Drop Below $57 Matters for Traders appeared first on Coindoo.

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Source: https://coindoo.com/hype-drop-matters-traders/

The post Ethereum Rebounds, but a Massive Resistance Looms appeared first on Coindoo.

That shelf has carried weight since July 15, with repeated trading around the same area building a well-established supply zone. ETH has now reached it, and today’s daily close will decide whether the rebound counts as a successful retest.

The Retest Depends on Today’s Close

For the setup to improve, Ethereum needs to finish the session above both the horizontal shelf and the Fibonacci level beneath it.

Closing above the shelf would show buyers absorbing the supply built there since mid-July, and would confirm Tuesday’s defence of $1,870 as something more durable than a short-lived reaction.

A close back under the shelf while price holds above $1,870 would leave the setup unresolved. Dropping beneath the Fibonacci level would weaken it decisively and reopen a way for a move towards $1,800.

Daily RSI stands near 57, above its signal line. Momentum has improved while staying well short of stretched, leaving room for another advance on confirmation.

The Harder Resistance Sits at $1,950

Clearing the current shelf brings the next test into view.

The $1,950 area combines a second horizontal level with the 100-day simple moving average. The horizontal level reflects supply from earlier trading, while the moving average serves as a widely followed medium-term trend gauge.

That overlap gives the zone more weight than either component would carry alone. Buyers would need to absorb existing sell orders while pushing ETH back above an average that has stayed overhead throughout the recovery.

An intraday spike through $1,950 would be encouraging. A close above it, held into the following session, would provide the stronger evidence that this is more than a relief bounce.

The June Channel and $2,000 Form Another Barrier

Above $1,950, attention shifts to the 0.5 Fibonacci retracement at $1,985, where the lower boundary of Ethereum’s June ascending channel also sits.

That channel supported ETH through its earlier recovery until price broke beneath it on July 23. Former support approached from below tends to attract sellers.

The psychological level at $2,000 sits immediately above, concentrating the barrier between $1,985 and $2,000.

Ethereum began its broader decline towards $1,500 from this same region on June 2. Traders who bought before that drop may treat another visit as a chance to reduce exposure, adding supply to an already visible zone. Clearing the whole band in a single move would be a tall order, and a pause or rejection near $2,000 would fit the pattern even after a successful break of $1,950.

Wallet Growth Helps Support the Longer-Term Picture

The defence of $1,870 comes against a broader expansion in Ethereum’s holder base. Santiment data shows the network crossed 200 million non-empty wallets for the first time during the past two weeks.

The figure covers addresses, not people, since one individual, exchange or institution may control several. What it does show is that more wallets are holding an ETH balance even after the recent decline.

A growing base of balance-holding addresses can help the market absorb supply during pullbacks. Nothing in the data proves those wallets bought at $1,870, though it offers a structural reason why selling around the Fibonacci level met demand instead of cascading.

Holder growth carries no breakout signal on its own. Its relevance grows if ETH converts the current shelf into support and then challenges $1,950.

Days of Macro Risk

Ethereum’s technical test arrives inside a tightly packed sequence of central-bank events.

The Federal Reserve decision lands on 29 July. An unchanged rate is the expected outcome and is largely priced in, which leaves the market sensitive to the tone of the accompanying guidance. A hawkish message could lift the dollar and bond yields, weakening demand for risk assets and turning any break above $1,950 into a failed one.

Attention then shifts to the Bank of Japan across Thursday and Friday. As covered in our analysis of how Japan’s rate path affects crypto, any signal of faster tightening could strengthen the yen and pressure the carry trades that fund positions across equities and digital assets.

Friday’s US economic releases close the week. A favourable macro response would give buyers a better chance of clearing $1,950 and testing the $1,985 to $2,000 region, while a hawkish surprise could undo an otherwise sound technical breakout.

The Levels That Matter Now

ETH sits below both its 100-day and 200-day moving averages, so the advance remains a recovery inside a weak broader structure.

• Upside scenario: A close above the current shelf, held above $1,870, opens the $1,950 test. Clearing the 100-day average from there exposes the $1,985 to $2,000 band, where the June channel and the psychological level converge.
• Rejection scenario: Failure at the current shelf puts $1,870 back under pressure. Losing that level brings $1,800 into play.

The chart might only change character if buyers reclaim $1,950 and prove they can hold the cluster above it. Everything below that is range behaviour inside a downtrend, and three central-bank events over the next three days could decide it either way.

The post Ethereum Rebounds, but a Massive Resistance Looms appeared first on Coindoo.

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Source: https://coindoo.com/ethereum-rebounds-but-a-massive-resistance-looms/

The post Zcash Loses $470 as Ironwood Upgrade Fails to Lift the Price appeared first on Coindoo.

The Flaw Ironwood Was Built to Close

Developers found a soundness flaw in the zero-knowledge circuit behind Orchard, Zcash’s shielded pool. In theory it allowed counterfeit ZEC to be created without detection. The patch shipped in June, and no evidence of exploitation surfaced.

Proving that turned out to be the harder problem. Orchard’s privacy guarantees, the reason the pool exists, also made its recorded supply impossible for users to audit independently. A shielded pool that nobody can inspect cannot demonstrate that nobody exploited it.

Ironwood answers that by introducing a new shielded pool and version 6 transactions while closing Orchard to new deposits. Funds leaving the old pool pass through a turnstile that caps outflows at the total that previously went in. As balances migrate, the supply becomes verifiable.

This is real engineering work on a real problem. It creates no reason for anyone to buy the token today.

The Market Had Already Moved On

ZEC climbed towards $560 earlier in July, then began printing lower highs and lower lows. By activation day on July 28 the token was trading inside a falling channel and approaching the $470 cluster from above.

That sequence could be the whole explanation. Ironwood was announced, documented and discussed for weeks, giving anyone who wanted exposure ample time to take it. Traders holding into the event had their catalyst; those arriving afterwards found a chart that had already turned.

Price action cannot identify individual sellers or their motives. What it establishes is that a successful upgrade landed without generating enough demand to interrupt a decline already underway.

Flow Data Points the Same Way

Coinglass recorded net negative spot flows across every window on its dashboard. The 12-hour balance showed $10.2 million in and $12.81 million out, for a net of minus $2.6 million. Eight hours ran to minus $1.65 million, four hours to minus $935,000, and the most recent hour to minus $329,000 on $1.18 million in against $1.5 million out.

Futures told a similar story at the longer horizons: $148.5 million in against $155.6 million out over 12 hours, a net of minus $7.1 million, with eight hours at minus $2.98 million. The shorter windows flipped positive, adding $418,000 over four hours and $213,000 over one.

Those late positive readings show derivatives traders returning around current prices. Their direction is unknowable from flow balances alone, and their size leaves the 12-hour imbalance untouched.

One caveat applies throughout. These are Coinglass flow balances, and the dashboard does not define whether each movement represents an exchange transfer, a completed trade or another accounting category. They indicate direction, not executed buying and selling.

Where the Levels Sit Now

The 0.382 Fibonacci retracement near $470 and the 50-day moving average at $472 sat close enough together to function as a single support zone. ZEC now trades beneath both, which converts the area into resistance: traders who bought there may sell a rebound to exit nearer break-even, while others treat it as a fresh entry for shorts.

Today’s high of $470 stopped just next to the Fibonacci level. A daily close above $472 would reclaim both, and the 100-day average at $484 sits immediately beyond, making three technical hurdles inside $14.

Below, $450 is the first support, an area that absorbed trading recently and sits near the falling channel’s lower boundary. A close beneath it opens the 0.236 retracement around $420, which shaped price through the May and June swings.

Verified Scarcity Still Needs a Buyer

Ironwood arrived weeks after more than 80% of all ZEC entered circulation. As covered in our analysis of Zcash’s 80% supply milestone, future issuance now represents a shrinking share of maximum supply, which steadily reduces dilution from mining.

The two developments reinforce each other. Less new issuance tightens the supply picture, and Ironwood lets the market confirm that migration from Orchard adds nothing beyond what the turnstile permits.

Scarcity works on the supply side of the equation. The demand side is what the flow data measures, and it has yet to respond. Zcash spent this month fixing what it could control and discovering that the market was looking elsewhere.

The post Zcash Loses $470 as Ironwood Upgrade Fails to Lift the Price appeared first on Coindoo.

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Source: https://coindoo.com/zcash-ironwood-upgrade-price/

The post Shiba Inu Rallies 18% – Can It Hold the Gains? appeared first on Coindoo.

Key Takeaways

Shiba Inu climbed from a daily open near $0.0000042 to an intraday high of $0.00000518, an advance of almost 24%, before pulling back to $0.0000049 at the time of writing. That left SHIB approximately 18% higher over the session.

The move came on the heaviest daily volume visible on the Coinbase chart and erased several weeks of gradual losses in a single candle. Price also broke above its recent descending trendline, reclaimed the 50-day simple moving average at $0.0000044, and pushed as far as the 100-day SMA before easing back.

Reports of increased token burns and whale accumulation added to the bullish narrative, but the scale of those developments is too limited to explain the rally alone. The exceptional volume provides stronger evidence that the session represented a genuine increase in market participation, although the open daily candle still requires confirmation.

Volume Provides the Strongest Evidence Behind the Move

At the time of writing, Coinbase volume had reached approximately 538.4 billion SHIB, the highest level visible on the chart since January. The surge arrived as SHIB broke out of its July range near $0.0000041, showing that the move involved far more activity than the sessions that preceded it.

That strengthens the rally, but it does not reveal whether the demand came from spot accumulation, short covering or traders chasing momentum. The next test is whether SHIB can hold above the reclaimed 50-day SMA after volume begins to cool.

The reported 92% increase in the daily burn rate is less significant in absolute terms. Around 226.6 million SHIB were removed over 24 hours, worth roughly $1,120 at the current price and equal to about 0.000039% of circulating supply.

The official SHIB token page describes burning as a cumulative supply-reduction mechanism, while the Shibarium burn portal connects it to ecosystem activity. For this session, however, the volume spike offers a much stronger explanation for the rally than the number of tokens burned.

The Reported Whale Position Is Too Small to Explain the Rally

According to a report citing Arkham Intelligence data, a wallet inactive for eight months resumed buying and now holds more than 50.25 billion SHIB acquired through Binance. The figure appears to reflect the wallet’s total position rather than a single purchase made just before the rally.

At the time of writing, that position was worth approximately $249,000 – around 0.0086% of SHIB’s circulating supply. That is significant for one wallet but far too small to account for the broader move.

A withdrawal from Binance would modestly reduce available exchange supply, but a single wallet cannot establish a market-wide trend. Confirming one would require similar withdrawals across multiple large holders, falling exchange balances, or continued accumulation after the price had already moved.
The available data also lacks a full transaction history, so the exact timing and size of individual purchases can’t be verified. The fairest reading is that at least one large holder renewed interest near recent lows – not that this wallet explains the rally.

READ MORE:

BitMEX Faces 623 BTC Lawsuit for Theft and Insider Trading

The 100-Day SMA Stopped the First Advance

SHIB’s daily high of $0.00000518 effectively matched the 100-day SMA near $0.00000519. Price then returned to approximately $0.0000049, showing that sellers responded when the rally reached the average. With the daily candle still open at the time of writing, this remains an intraday test rather than a confirmed close – the level that matters is where SHIB settles, not where it briefly traded.

A daily close above the 100-day SMA would open room towards the 0.236 Fibonacci retracement near $0.0000054. Recovering that level would provide the first evidence that SHIB is extending beyond a short-term reversal from its July base.

The 200-day SMA near $0.0000058 would then become the more consequential structural resistance. It sits below the 0.382 Fibonacci retracement around $0.0000063, placing two major barriers between the current price and a broader trend change.

SHIB therefore remains inside a longer downtrend despite reclaiming the 50-day average. The latest candle has improved the short-term structure, but price is still below both the 100-day and 200-day SMAs.

RSI Shows How Quickly Momentum Expanded

The 14-day RSI rose to approximately 71 after gaining close to 30 points during the session. That moved the indicator above the conventional overbought threshold.

An RSI reading above 70 does not guarantee an immediate decline. Strong rallies can remain overbought while price continues higher. In this case, however, the size and speed of the increase show that much of the short-term momentum arrived in a single session.

That raises the probability of consolidation or a pullback before another sustained advance. It also reduces the value of projecting the initial candle directly towards every higher resistance level.

A close above the 100-day SMA followed by a successful retest would provide stronger continuation evidence. It would convert the average from immediate resistance into potential support and make a move towards $0.0000054 more credible.

The 50-Day SMA Now Defines the Breakout’s Strength

Failure to close above the 100-day SMA would leave the initial resistance test unresolved rather than invalidate the entire rally.

The first downside level is the reclaimed 50-day average near $0.00000446. Holding above it would preserve the improvement in SHIB’s short-term structure and allow price to consolidate without returning fully to the previous range.

A daily close below the 50-day SMA would weaken that interpretation. It would place the breakout candle’s low near $0.0000041 back in focus and show that buyers failed to defend the first major level recovered during the advance.

Losing $0.0000041 would be more damaging because that area formed the base of the latest reversal. A return below it would suggest that the exceptional volume represented temporary short covering or speculative demand rather than the beginning of sustained accumulation.

The next few sessions will show which side wins – whether SHIB defends its improved structure or gives back the gains from a single high-volume candle.

The post Shiba Inu Rallies 18% – Can It Hold the Gains? appeared first on Coindoo.

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Source: https://coindoo.com/shiba-inu-rallies-hold-gains/

The post Shiba Inu Rallies 30%+ in Two Days – Key Levels Ahead appeared first on Coindoo.

Key Takeaways

The high landed almost exactly on the 200-day SMA at $0.00000584, the last major moving average still above price, while the close held above both the 100-day SMA ($0.00000519) and the 0.236 Fibonacci retracement ($0.0000055) that capped the prior session.

Combined with the previous day’s 18% surge, SHIB has now gained roughly a third of its value in two sessions – a sharp move that’s cleared two resistance levels in a row but also pushed the 14-day RSI to approximately 81, deep into overbought territory.

Shorts Are Bearing the Cost of the Squeeze

Liquidation data from Coinglass shows the rally has been punishing for leveraged short positions. Over the past 24 hours, roughly $2.65 million in SHIB positions were liquidated, and short positions accounted for about $1.93 million of that – more than 2.5 times the losses on the long side. The imbalance was sharper over the most recent 4-hour window, where shorts made up roughly $508,000 of $773,000 in liquidations.

Funding rate data adds context to that squeeze. SHIB’s OI-weighted funding rate had already turned consistently positive through much of July, with the largest spikes clustering in the days immediately before this week’s advance. Positive funding means leveraged longs were paying a premium to hold their positions – a sign that bullish positioning was already building in the derivatives market ahead of the breakout, which likely amplified the move once price cleared the 100-day SMA and forced shorts to cover.

Together, the liquidation skew and the funding trend point to a rally with a substantial leverage component. That doesn’t rule out genuine spot demand, but it does mean part of the advance reflects forced buying rather than new conviction alone.

Futures Volume Dwarfs Spot Activity

Exchange data shows the bulk of trading activity is happening in derivatives rather than spot markets. Spot volume is led by Upbit (~$57.6 million) and Binance (~$41.6 million), with OKX, Bybit, Gate and Coinbase trailing well behind. Futures volume on OKX alone reached approximately $432 million, more than seven times its own spot total and roughly ten times the combined spot volume across all listed exchanges.

That concentration in futures markets is consistent with the liquidation and funding signals pointing to a leverage-heavy move.

The 200-Day SMA Is Now the Level to Watch

With the 100-day average and the 0.236 Fibonacci retracement both cleared, the 200-day SMA at $0.00000584 is the next structural test, and this session’s high already touched it before price pulled back. That level carries extra weight because it lines up almost exactly with horizontal resistance from SHIB’s February consolidation high, giving the zone confirmation from both a moving average and prior price action rather than the SMA alone.

A daily close above that confluence would be the first since SHIB’s decline began, and would open room toward the 0.382 Fibonacci retracement near $0.00000639. Rejection at the 200-day would leave the rally similar to the prior session’s outcome at the 100-day: a resistance test without confirmation. In that case, the reclaimed 100-day SMA near $0.00000519 becomes the first level to hold, followed by the 0.236 Fibonacci retracement near $0.0000055.

An RSI reading above 80 raises the odds of consolidation or a pullback before any further extension, regardless of which side of this level the daily candle ultimately closes on. Two consecutive sessions of double-digit gains, both driven substantially by futures activity, is the kind of move that typically needs time to digest before it can be read as a durable trend change rather than a leverage-fueled spike.

The post Shiba Inu Rallies 30%+ in Two Days – Key Levels Ahead appeared first on Coindoo.

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Source: https://coindoo.com/shiba-inu-ralliesin-key-levels-ahead/

The post Hyperliquid Tests $57 After Losing Half Its Spring Rally appeared first on Coindoo.

HYPE trades near $57 at the time of writing after slipping beneath the 0.5 Fibonacci retracement close to $57.6. That level marks the midpoint of the token’s advance from approximately $38 to $77.

The pullback has brought price directly to the 100-day simple moving average near $56.7. Together with the psychological $57 level, it forms the final visible support zone before the deeper 0.618 Fibonacci retracement near $53.

The 100-Day Average Is the Immediate Test

HYPE has already broken below the rising trendline that supported its advance from the June low. It also trades beneath the 50-day simple moving average near $64 and has formed a sequence of lower recovery highs since approaching $77.

The same support zone was already under pressure a day earlier, as ETF demand weakened while HYPE tested this crucial level.

The 100-day average is therefore the clearest remaining measure of medium-term support. An intraday move beneath it would carry less weight than a completed daily candle, particularly while price remains close to the 50% retracement.

A close back above the current support zone would show that buyers are still defending half of the spring rally. Acceptance below it would indicate that the correction is extending into a deeper part of the Fibonacci range.

A Recovery First Needs to Reclaim $57.6

The first sign of stabilisation would be a move back above the 0.5 retracement near $57.6.

If that level is recovered, the next resistance sits around $62, corresponding with the 0.382 retracement. This area previously acted as support and could now attract sellers looking to exit during a rebound.

Beyond $62, the falling 50-day average near $64 is the more important barrier. Until HYPE recovers it, an advance from the current level would remain a relief bounce inside a weakening structure rather than a confirmed trend reversal.

The next major resistance above the moving average is the 0.236 retracement near $67.8. Reclaiming that area would begin to challenge the sequence of lower highs established since June.

A Daily Close Below the 100-Day Average Exposes $53

A completed candle beneath the 100-day average and the wider $57 shelf would weaken the remaining medium-term support structure.

The next measured level is the 0.618 Fibonacci retracement near $53. A move there would mean HYPE had surrendered more than 60% of its advance from $38 to $77.

Buyers could still attempt to form a base around that level, but a weak reaction would place the 0.786 retracement near $46.5 back into focus. Reaching that area would unwind most of the spring rally and return price much closer to its origin.

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Hyperliquid’s $1.2B Fee Engine Puts HYPE in Focus

The Daily Close Will Confirm the Next Move

The chart is no longer best described through a triangle because the trendlines that formed it have already been broken. The cleaner structure is defined by the current $56.7–$57.6 decision zone, resistance at $62 and deeper support at $53.

It also does not provide a valid 200-day moving average because HYPE lacks sufficient trading history, because its newer token. For now, the 50-day and 100-day averages, together with the Fibonacci grid, provide the relevant technical framework.

The post Hyperliquid Tests $57 After Losing Half Its Spring Rally appeared first on Coindoo.

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Source: https://coindoo.com/hyperliquid-tests-57-after-losing-half-its-spring-rally/