Invest ideasNews
29 May 2026, 06:00
Bitcoin Tests Critical Support As Bearish Signals Point To $60,000 Retest
Bitcoin (BTC) is at a pivotal level as geopolitical tensions rise and bearish setups emerge, prompting some analysts to warn of a potential 15% correction if a critical support area doesn’t hold. Related Reading: Dogecoin Rally Loading? Analyst Eyes ‘Imminent Breakout’ From Textbook Falling Wedge Pattern Bitcoin Eyes Channel Support For Next Move Following news of renewed US strikes against Iranian targets, Bitcoin dropped roughly 5% from $76,000 to a one-month low of $72,589. At the start of the week, the cryptocurrency had been trading between $77,000-$78,000 after recovering from last week’s pullback. However, the growing geopolitical tensions have pushed the price toward a critical area. Analyst Ali Martinez affirmed that BTC reached a major support zone after losing the $75,000-$76,000 area. He previously said that leading crypto has been consolidating inside an ascending channel that has been developing since the early February crash, with two crucial levels likely to define the direction of its next move. As he explained, if Bitcoin broke above the $78,258 resistance, it could trigger a rally toward the $84,000 barrier, while breaking below the $75,733 support could push the price toward the late March-early April lows. Now, the price is consolidating at the lower boundary of the ascending channel, which could set the stage for a 15% drop. According to the post, the channel’s floor aligns with the 100-day Simple Moving Average (SMA) and the 23.6% Fibonacci retracement level, making the current price levels a crucial area. “This cluster between $73,000 and $71,300 serves as a major structural floor,” he stated, noting that if buyers defend this zone, a “steady expansion back toward $77,000 or even $79,500” could be expected. On the contrary, he warned that if Bitcoin loses the $71,300 flows, “it would open the door to an extended value window near the February base of $60,000.” BTC Bearish Setup Signals Risk Of Further Decline Market observer Mister Crypto shared a bearish outlook on the flagship crypto, citing a textbook bearish formation on BTC’s daily chart. According to the trader, Bitcoin has been forming a Head and Shoulders pattern since mid-April, with the setup’s neckline around the $75,000 level. The chart shows that the cryptocurrency formed the left shoulder during the late April pullback and later developed the head during this month’s rally. Meanwhile, the pattern’s right shoulder began forming after the rejection from the $82,500 resistance. The trader affirmed that the pattern is playing out “almost perfectly,” which “confirms the bearish thesis” and suggests a drop to lower levels may be around the corner. “Now that we have broken back into the range after losing $75,000, the probability of a move toward the range lows around $63,000 is increasing,” the analyst wrote. Similarly, analyst Daan Crypto Trades noted that Bitcoin is “putting in a similar reaction after that horizontal level and Daily 200MA/EMA retest compared to January this year.” Related Reading: BitMine Nears 4.5% Ethereum Supply Share Following $238M Buy Notably, BTC consolidated above the early November lows for roughly two months before rallying mid-January toward the 200-day Exponential Moving Average (EMA) and the crucial $98,000 horizontal level. The cryptocurrency was rejected from this area, briefly consolidating near the local lows before breaking down toward new lows. Now, the price has seen a similar performance, retesting and rejecting from both the horizontal $80,000 level and the 200-day MA and EMA. As a result, the analyst considers that BTC will see “another lower high in the bigger down trend until proven otherwise.” Featured Image from Unsplash.com, Chart from TradingView.com
29 May 2026, 05:55
XLM surged 28% on DTCC news: can the rally continue?
Stellar's XLM token has rallied more than 28% over the past 24 hours, reaching its highest level in five months as traders respond to a major tokenization initiative involving Wall Street infrastructure provider DTCC. According to CoinGecko data, XLM climbed from around $0.1657 to an intraday high of $0.2136 before easing slightly to trade near the $0.20 level. The move came at a time when Bitcoin and Ethereum remained under pressure from ETF outflows and risk-off sentiment tied to geopolitical tensions in the Middle East. Price strength in XLM has stood out against the rest of the crypto market, where total capitalisation has declined amid concerns over Federal Reserve policy and escalating regional conflicts. Despite those headwinds, Stellar recorded one of the strongest gains among major cryptocurrencies during the period. Why is XLM price up? The primary catalyst is a recent announcement from the Depository Trust & Clearing Corporation, one of the largest financial market infrastructure providers in the United States. DTCC revealed plans on May 27 to connect its digital asset tokenization platform with the Stellar blockchain. The initiative is expected to be rolled out during the first half of 2027 and could allow a range of traditional financial products, including large-cap equities, index ETFs, and US Treasuries, to interact with infrastructure built on Stellar's network. Because XLM serves as the native asset used for network fees and account operations, traders quickly responded to the news by increasing exposure to the token. The announcement sparked heavy buying activity, pushing XLM through several resistance levels that had capped price advances for months. Market participants also viewed the development as another sign of growing institutional interest in real-world asset tokenization. With DTCC playing a central role in US securities clearing and settlement, the proposed integration immediately drew attention from investors looking for blockchain projects connected to traditional finance adoption. At the same XLM broke above the $0.18 area, a level that had repeatedly rejected buyers since February. Once this resistance gave way, momentum accelerated as breakout traders entered positions and short sellers were forced to cover. Will the XLM rally continue? Whether the rally extends further remains uncertain and depends on how traders assess the gap between the announcement and its eventual implementation. Bullish analysts argue that the DTCC partnership introduces a long-term institutional use case for Stellar. Under that scenario, maintaining support above the former resistance zone near $0.18 could open the door for another advance toward the next major resistance area around $0.25. Some technical projections cited by market commentators suggest that a sustained cycle of institutional and retail demand could eventually support a move toward much higher levels, including the $0.68 region. Those targets, however, rely on continued momentum and stronger adoption signals over time. However, DTCC's rollout is not expected until 2027, meaning any increase in network activity linked to the initiative remains a future prospect rather than an immediate catalyst. As of now, once the excitement surrounding the announcement fades, traders may begin reassessing the token based on current market conditions rather than long-term expectations. Continued weakness in Bitcoin or further deterioration in macroeconomic sentiment could also weigh on speculative assets, including XLM. Under that scenario, the token may spend time consolidating before attempting another breakout. XLM price analysis The daily chart shows a notable improvement in XLM's market structure following the latest rally. XLM/USDT 1-day price chart. Source: TradingView. After months of trading below long-term trend indicators, XLM has moved above its 20-day, 50-day, 100-day, and 200-day exponential moving averages. The breakout also pushed the token above the 200-day EMA near $0.196, a level often watched by traders as a gauge of long-term trend direction. Trading volume expanded sharply during the move, producing one of the largest volume spikes seen on the chart in recent months. Meanwhile, the Chaikin Money Flow indicator has risen to around 0.18 after spending much of May in negative territory, a sign that capital has been flowing into the asset alongside the price advance. On the 4-hour timeframe, momentum remains firmly positive. XLM continues to trade near the upper Bollinger Band after a sharp volatility expansion, while the MACD indicator maintains a bullish crossover with rising positive histogram bars. XLM/USDT 4-hour price chart. Source: TradingView. Even so, the pace of the rally has left the price considerably above the Bollinger Band midpoint near $0.168. Such conditions often accompany strong trends but can also precede periods of consolidation as traders lock in profits. For now, immediate support sits around the $0.196 region near the 200-day EMA, followed by the former breakout area around $0.18. On the upside, resistance remains concentrated around the recent high near $0.213 and the next major chart zone near $0.25. As long as XLM remains above the former resistance range, buyers are likely to retain control of the trend. A loss of those levels, however, could signal that the post-announcement rally is entering a cooling phase rather than beginning a new leg higher. The post XLM surged 28% on DTCC news: can the rally continue? appeared first on Invezz
29 May 2026, 05:28
Dogecoin (DOGE) Can’t Catch A Break—Bears Keep Swinging
Dogecoin started a recovery wave above the $0.0980 zone against the US Dollar. DOGE is now facing hurdles near $0.1010 and might struggle to continue higher. DOGE price started a recovery wave from $0.0965 and climbed above $0.0990. The price is trading below the $0.10 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1010 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.1010. Dogecoin Price Faces Resistance Dogecoin price started a recovery wave from the $0.0965 zone, like Bitcoin and Ethereum . DOGE climbed above the $0.0980 and $0.0988 resistance levels. There was a decent upward move above the 38.2% Fib retracement level of the downward move from the $0.1031 swing high to the $0.0964 low. However, the price struggled near $0.10. There is also a bearish trend line forming with resistance at $0.1010 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.10 level and the 100-hourly simple moving average. If there is another recovery wave, immediate resistance on the upside is near the $0.1005 level or the 61.8% Fib retracement level of the downward move from the $0.1031 swing high to the $0.0964 low. The first major resistance for the bulls could be near the $0.1010 level. The next major resistance is near the $0.1032 level. A close above the $0.1032 resistance might send the price toward the $0.1050 resistance. Any more gains might send the price toward the $0.1065 level. The next major stop for the bulls might be $0.1120. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1010 level, it could continue to move down. Initial support on the downside is near the $0.0985 level. The next major support is near the $0.0965 level. The main support sits at $0.0950. If there is a downside break below the $0.0950 support, the price could decline further. In the stated case, the price might slide toward the $0.0920 level or even $0.090 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0985 and $0.0965. Major Resistance Levels – $0.1010 and $0.1032.
29 May 2026, 05:21
Bitcoin supply surpasses 94 percent as price tests $73,000
🚨More than 94 percent of $BTC’s total supply has now been mined. The remaining supply is shrinking as price hovers around $73,000 support. 🧐Key point: Short-term support sits at $73,050, with major resistance at $75,500 and $78,500. Continue Reading: Bitcoin supply surpasses 94 percent as price tests $73,000 The post Bitcoin supply surpasses 94 percent as price tests $73,000 appeared first on COINTURK NEWS .
29 May 2026, 05:01
XRP rebounds above $1.30 after volume surge, but bears still control the bigger picture
XRP snapped a streak of lower lows on heavy buying, though the token remains stuck below major resistance levels that have capped every rally this year.
29 May 2026, 05:00
Will buyers step in as Dogecoin’s price nears $0.097 demand zone after 40% rally?
It's an interesting time right now if you're a DOGE trader.
