hodler

5 May 2026, 07:00

Assessing ZEN’s bullish market structure – How long will momentum hold now?

Is there a case for sustained bullish momentum now?

5 May 2026, 06:57

Pi Network eyes $0.20 as CEX deposits drop and upgrade hype builds

Bitcoin (BTC) and Ethereum (ETH) are currently bullish as the new weekly candle opens positive. This has spilled over to other leading altcoins, with Pi Network’s PI taking a breather from its recent selling pressure. PI is hovering above $0.1800 at press time on Tuesday after surpassing its 50-day Exponential Moving average (EMA) at $0.1782 over the weekend. The bullish price action is fueled by a drop in deposit rate on Centralized Exchanges (CEXs), together with the ongoing push for mainnet upgrades. CEX deposits cool down as the Core Team pushes for protocol 23 upgrade PI is up by nearly 2% in the last 24 hours and is now trading above $0.1800 per coin. The positive performance comes after the bulls ended the recent downward pressure caused by the supply unlock migrating to the mainnet. The unlock enabled users to deposit their PI token holdings on CEXs. Data obtained from PiScan revealed that 176,831 PI tokens were deposited over the last 24 hours, down from the 5 million PI token deposits reported on Friday. The decline in CEX deposits limits the available supply on exchanges and reduces downside pressure. Furthermore, the Pi Core Team is moving forward with the mainnet upgrade to protocol 23, with a deadline of May 15, after completing the protocol 22 upgrade on Friday. The team revealed that it intends to reach protocol version 26 before June 28, to bring smart contract functionality on the mainnet, which could unlock real-world utility for the PI token. PI gears up for a rebound towards $0.2000 The PI/USD 4-hour chart is bearish as PI has experienced selling pressure in recent weeks. At press time, PI is trading at $0.18081, above the 50-day EMA at $0.1782. However, the 200-day EMA at $0.2302 reinforces the prevailing medium-term bearish structure. Momentum signals are mixed on the 4-hour chart, suggesting that the bulls have not completely regained control of the market. The Moving Average Convergence Divergence (MACD) in slightly positive territory but at risk of a crossover below the signal line. In addition to that, the Relative Strength Index (RSI) is hovering above the neutral 50 level, suggesting a lack of decisive directional conviction despite modest underlying bid tones. If the recovery continues, the bulls would face immediate resistance at the $0.1836 4-hour swing high. A daily candle close above this pivot would be needed to ease near-term downside pressure. If the rally persists, the March 21 high at $0.2041 and the 200-day EMA at $0.2302 stand as more substantial barriers. However, if the selling pressure resumes, the 50-day EMA at $0.1782 would serve as the first major support level. The crucial support for PI remains at the April 13 low at $0.1633, followed by the February 23 low at $0.1556. The mainnet upgrades could be the major catalysts behind PI’s rally over the next few days and weeks. The post Pi Network eyes $0.20 as CEX deposits drop and upgrade hype builds appeared first on Invezz

5 May 2026, 06:32

XRP slips below $1.40 after $103 million volume spike

🚨 $XRP dropped below the $1.40 mark after a $103 million trading surge. The price reached $1.4109 before sharply falling amid heavy sell-offs. Continue Reading: XRP slips below $1.40 after $103 million volume spike The post XRP slips below $1.40 after $103 million volume spike appeared first on COINTURK NEWS .

5 May 2026, 06:16

Ether looks to take out the $2,425 resistance level: Check forecast

Bitcoin and Ether are in the green as the broader cryptocurrency market makes a positive start to the week. Bitcoin has crossed the $81,000 barrier while Ether is slowly approaching $2,400. The growing institutional adoption could push ETH’s price higher in the near term. Institutions continue to accumulate Ether Ether is trading at $2,380, up by less than 1% in the last 24 hours. The positive performance comes as institutional investors continue to accumulate Ether. Ethereum treasury firm BitMine Immersion Technologies (BMNR) announced on Monday that it purchased 101,745 ETH last week. The purchase has lifted the company's holdings to 5.18 million ETH, establishing its position as the largest corporate ETH treasury. The firm added that it staked an additional 661,168 ETH over the past week, bringing its total staked holdings to 4.36 million ETH and annualized staking revenue to $297 million. While commenting on this latest acquisition, BitMine Chairman Thomas Lee stated that, "Crypto Spring, in our view, has commenced, and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen. We believe the potential passage, or even failure, of the CLARITY Act confirms the arrival of crypto spring. As for the upcoming drivers of crypto gains, Ethereum continues to benefit from the dual tailwinds of Wall Street tokenizing on the blockchain and from agentic AI systems increasingly needing public and neutral blockchains." The company also reported holdings of 200 Bitcoin (BTC), a $200 million stake in Beast Industries, an $83 million stake in Eightco Holdings, and total cash of $700 million. In addition to BitMine, US spot ETH exchange-traded funds (ETFs) continue to generate inflows from institutional investors. According to CoinGlass , spot Ethereum ETFs recorded an inflow of $62.83 million on Monday. This comes after recording net outflows of $82 million last week. Ethereum Price Forecast: ETH retests the $2,425 resistance The ETH/USD 4-hour chart is bearish and efficient, but is now approaching key resistance areas on this timeframe. On the 4-hour chart, ETH is maintaining a constructive bullish bias as it trades above the 20-, 50-, and 100-day Exponential Moving Averages (EMAs), which are clustered between roughly $2,300 and $2,361. The Relative Strength Index at 62 and a Stochastic reading around 75 hint that upside momentum remains firm, though edging toward overbought territory. The momentum indicators suggest scope for continuation while leaving the pair vulnerable to short-term pauses or shallow pullbacks. If the rally persists, initial resistance would be met at the 4-hour Inducement Liquidity at $2,425, just above the 100-day EMA. A daily close above this level would open the way toward the next resistance at $2,746 and then $3,411. However, if the bears regain control, the 20-day EMA provides immediate support at $2,300 and the 50-day EMA at $2,256. Failure to defend these levels could see ETH experience a stronger pullback towards the demand zones at $2,211 and $2,107. The post Ether looks to take out the $2,425 resistance level: Check forecast appeared first on Invezz

5 May 2026, 06:12

XRP stuck at $1.40: will bulls break key resistance or fade again?

The cryptocurrency market is having a positive start to the week as Bitcoin and other major coins are in the green. Bitcoin hit the $81,000 level during the early hours of Tuesday, while Ether is slowly approaching $2,400. However, XRP, the native coin of the Ripple ecosystem, continues to experience sideways price action. XRP is trading at $1.40 amid mixed signals from on-chain activity and derivatives positioning that point to a lack of clear directional bias. On-chain activity shows mild bullish signs XRP is down by less than 1% in the last 24 hours and is now trading at $1.40 per coin. The bearish performance comes despite CryptoQuant’s summary data suggesting a neutral to slightly bullish outlook for XRP. According to CryptoQuant, XRP’s spot markets show cooling conditions and buy-side dominance, with mostly neutral conditions across other metrics. This suggests a potential upside move in the near term. The derivatives data indicate that Ripple is showing a mixed market sentiment. CoinGlass’ long-to-short ratio for XRP reads 0.95 on Tuesday. This ratio, being below one, reflects bearish sentiment in the market, as more traders are betting on the asset’s price to fall. However, XRP’s funding rates data support improving sentiment. CoinGlass’ OI-Weighted Funding Rate data for XRP flipped positive on Tuesday, reading 0.0015%. This positive rate indicates that longs are paying shorts and projecting a bullish sentiment. The above-mentioned combination suggests indecision among XRP investors and a lack of clear directional bias. The futures Open Interest (OI) stands at $2.57 billion, suggesting that traders have kept their positions open in the market with the expectation of an XRP rally in the near term. Technical outlook: XRP approaches a key resistance zone The XRP/USD 4-hour chart is bearish and efficient as Ripple is currently trading at $1.40. It is currently trading below the 50-day EMA at $1.40, with the 100-day EMA at $1.50 and the 200-day EMA at $1.73. Trading below these EMAs reinforces a layered topside barrier within a broader downward parallel channel whose upper boundary is near $1.53. Currently, the momentum indicators remain mixed. The Relative Strength Index (RSI) on the 4-hour chart is hovering just above the 50 mark while the Moving Average Convergence Divergence (MACD) remains marginally negative, hinting that recovery attempts lack decisive action at the moment. If the bulls regain control, they would encounter immediate resistance at the 100-day EMA around $1.50, followed by the channel top at $1.53. A break above these levels would bring the 200-day EMA at $1.73 into focus, and the horizontal barrier at $1.90 define a broader supply zone. However, if the sideways action or bearish trend persists, XRP would see initial support at the horizontal level of $1.30. Failure to defend this level could expose the lower boundary of the descending channel near $0.72. The price action remains choppy at the moment, and investors might stay away until the market has a clear directional bias. The post XRP stuck at $1.40: will bulls break key resistance or fade again? appeared first on Invezz

5 May 2026, 06:04

Solana stays under $100 for 90 days, volume tops $10B

🚨 Solana has traded below $100 for 90 days, the longest stretch since 2020. $SOL recorded over $10 billion in on-chain payments and 10.1 billion transfers last quarter. 💡 Key point: A breakout above $100 could revive bullish sentiment in $SOL. Continue Reading: Solana stays under $100 for 90 days, volume tops $10B The post Solana stays under $100 for 90 days, volume tops $10B appeared first on COINTURK NEWS .