Invest ideasNews
21 May 2026, 08:30
USD/JPY Price Forecast: Tests Descending Channel Top Near 159.00
BitcoinWorld USD/JPY Price Forecast: Tests Descending Channel Top Near 159.00 The USD/JPY currency pair is trading near the 159.00 level, testing the upper boundary of a descending channel pattern that has guided price action over recent sessions. This technical setup suggests a potential breakout or rejection, with implications for short-term trading strategies. Technical Context and Channel Dynamics The descending channel, characterized by lower highs and lower lows, has contained USD/JPY movements since early June. The pair’s current proximity to the channel’s top—around 159.00—marks a critical juncture. A sustained move above this resistance could signal a bullish reversal, targeting the next resistance zone near 160.00. Conversely, a rejection from the channel top may reinforce the bearish trend, with immediate support at 158.50 and a potential decline toward the channel’s lower boundary near 157.50. Volume and momentum indicators, such as the Relative Strength Index (RSI), are hovering near neutral levels, offering no clear directional bias. This indecision underscores the importance of the 159.00 level as a decision point for traders. Fundamental Drivers and Market Sentiment The pair remains sensitive to diverging monetary policy expectations between the Bank of Japan (BoJ) and the Federal Reserve. The BoJ’s cautious approach to normalizing policy, coupled with the Fed’s data-dependent stance on interest rates, has kept USD/JPY within a range. Recent comments from BoJ officials emphasizing the need to maintain accommodative conditions have weighed on the yen, while U.S. economic data showing resilience in employment and inflation has supported the dollar. Geopolitical developments, including trade tensions and global risk sentiment, also influence the pair. A risk-off environment typically benefits the yen as a safe haven, while risk appetite supports the dollar. The current mixed signals from global equity markets add to the uncertainty. Key Levels to Watch Traders should monitor the following levels for potential breakout or breakdown scenarios: Resistance: 159.00 (channel top), 159.50 (intermediate), 160.00 (psychological level) Support: 158.50 (immediate), 158.00 (channel midpoint), 157.50 (channel bottom) A close above 159.00 on a daily basis would be a bullish signal, while a break below 158.50 could accelerate selling pressure. Implications for Traders For intraday traders, the 159.00 level offers a clear entry point for breakout or reversal strategies. Swing traders may wait for a confirmed close outside the channel before committing to positions. Risk management is critical given the potential for false breakouts in ranging markets. Longer-term, the pair’s direction will hinge on central bank guidance. Any hawkish shift from the BoJ or dovish surprise from the Fed could disrupt the current pattern. Investors should stay attuned to upcoming economic data releases, including U.S. inflation figures and BoJ policy meeting minutes. Conclusion The USD/JPY’s test of the descending channel top near 159.00 presents a pivotal moment for the pair. The outcome—breakout or rejection—will likely define the next directional move. Traders should approach with caution, using clear technical levels and fundamental context to inform their decisions. FAQs Q1: What is a descending channel in forex trading? A descending channel is a technical chart pattern formed by two parallel downward-sloping trendlines connecting lower highs and lower lows. It indicates a bearish trend, but a break above the upper trendline can signal a reversal. Q2: Why is the 159.00 level important for USD/JPY? The 159.00 level coincides with the upper boundary of the descending channel, making it a key resistance point. A break above could trigger bullish momentum, while a rejection may reinforce the bearish trend. Q3: How do central bank policies affect USD/JPY? Interest rate differentials between the Federal Reserve and the Bank of Japan are a primary driver. A hawkish Fed or dovish BoJ typically strengthens USD/JPY, while the opposite weakens it. This post USD/JPY Price Forecast: Tests Descending Channel Top Near 159.00 first appeared on BitcoinWorld .
21 May 2026, 08:23
XRP ETF inflows hit $1.39 billion as price holds $1.37
🚨 XRP ETF inflows reached $1.39 billion as price held $1.37. $XRP struggled to break $1.50, facing strong resistance. Critical data: Futures open interest climbed to $2.93 billion. 📅 Fed minutes and inflation updates may sway next moves. Continue Reading: XRP ETF inflows hit $1.39 billion as price holds $1.37 The post XRP ETF inflows hit $1.39 billion as price holds $1.37 appeared first on COINTURK NEWS .
21 May 2026, 08:21
HYPE and ZEC Steal the Show, BTC Price Stopped at $78K: Market Watch
Bitcoin’s price recovery that started a couple of days ago pushed the asset to just over $78,000 before it was stopped and driven south by around $500. Minor gains are evident from BNB, SOL, and DOGE, but, as mentioned in the title, two larger-cap alts have stolen the show. BTC Progress Stopped at $78K Bitcoin was rejected at $82,000 on a few occasions last week, with the last such example taking place on Thursday. At the time, the cryptocurrency had gained over $3,000 in hours after the CLARITY Act passed the US Senate Banking Committee. However, it couldn’t keep climbing and quickly lost the $80,000 psychological level. It dived further by Friday evening to under $79,000 before the bears drove it a step lower to beneath $78,000 on Saturday. After a relatively calm Sunday, the largest digital asset fell again on Monday and Tuesday. This time, it dumped to $76,000, which became its lowest price tag in over three weeks. After it had lost over $6,000 in several days, the bulls finally intervened and prevented another setback. BTC started a gradual recovery that drove it to over $77,000 yesterday and to just north of $78,000 earlier this morning. However, it couldn’t keep climbing and now sits below that level. Its market capitalization is down to under $1.560 trillion, while its dominance over the alts has been reduced slightly to 58.2% on CG. BTCUSD May 21. Source: TradingView ZEC, HYPE on the Rise Ethereum continues with its underwhelming performance, being slightly in the red daily, but it still stands above $2,100. In contrast, BNB, SOL, DOGE, BCH, and XMR are with 1-2% gains. HYPE has rocketed the most from the larger-cap alts. It’s up by 19% daily to $58, which brings it inches away from a new all-time high. ZEC has added over 13% of value and now trades well above $660. DASH, MNT, ONDO, and TAO follow suit, while SUI and NEAR are next in terms of daily gains. The total crypto market cap has increased by over $30 billion in a day and is close to $2.680 trillion on CG. Cryptocurrency Market Overview May 21. Source: QuantifyCrypto The post HYPE and ZEC Steal the Show, BTC Price Stopped at $78K: Market Watch appeared first on CryptoPotato .
21 May 2026, 08:00
By The Numbers: How Much Bitcoin Supply Is Exposed To Quantum Risk?
Analytics firm Glassnode has broken down how much of the Bitcoin supply is at risk due to Quantum Computing and what its composition looks like. 6.04 Million Bitcoin Is Estimated To Be Exposed To Quantum Risk In a new X article , Glassnode has talked about the part of the Bitcoin supply in circulation that’s exposed to the risk posed by Quantum Computing . “Quantum Computing” refers to an emerging class of computers that can, in theory, be powerful enough to break advanced cryptographic systems. Bitcoin and other cryptocurrencies could be examples of such systems. While Quantum Computing is something that has been “upcoming” for years now, the technology has made some advancements recently that has made many in the digital asset industry talk about its possible consequences for the sector. For Bitcoin, the main threat from Quantum Computing involves the supply that’s sitting in vulnerable wallets. “The relevant threshold is whether the public key needed to spend a coin is already visible on-chain,” noted Glassnode. Based on this criteria, the analytics firm has estimated 6.04 million tokens to be vulnerable to potential Quantum Computing attacks. In terms of the supply percentage, these coins make up for more than 30% of all BTC in existence today. The supply at risk to the Quantum Computing threat can be further divided into two categories. As Glassnode explained: The first is structural exposure: outputs whose script type reveals the public key by design. The second is operational exposure: coins that may have been protected initially, but where address reuse, partial spending, or custody behaviour has already made the public key visible while BTC remains tied to it. Below is a chart that shows how the composition of the Bitcoin supply has changed in terms of these two categories over the years. As is visible in the graph, a major part of the Bitcoin supply was structurally unsafe during the cryptocurrency’s early years. This is naturally due to the fact that early wallets weren’t as secure as those in use today. As the years have gone by and investors have adopted better wallet standards, the structurally unsafe supply has shrunken to just 9.6%. A notable 20.6% of the supply, however, is still inside the operationally unsafe category. This part of the supply has actually seen some growth in recent years. In pure numbers, the operationally unsafe supply includes about 4.12 million BTC right now, as the below chart shows. Meanwhile, the structurally unsafe supply is made up of 1.92 million BTC, while the safe one includes 13.99 million BTC. BTC Price At the time of writing, Bitcoin is floating around $77,000, down more than 3% in the last seven days.
21 May 2026, 08:00
Canadian Dollar Slips Toward 1.3750 as Softer CPI and US-Iran Hopes Weigh
BitcoinWorld Canadian Dollar Slips Toward 1.3750 as Softer CPI and US-Iran Hopes Weigh The Canadian dollar edged lower against its US counterpart on Wednesday, approaching the 1.3750 mark, as a softer-than-expected domestic inflation reading and renewed diplomatic optimism between the United States and Iran reduced demand for safe-haven currencies. Canadian CPI Misses Expectations Statistics Canada reported that the Consumer Price Index (CPI) rose 0.2% month-over-month in April, falling short of the 0.4% forecast. On an annual basis, inflation cooled to 2.6%, down from 2.9% in March and below the Bank of Canada’s 3% target ceiling. The core CPI, which excludes volatile items like food and energy, also moderated, suggesting that underlying price pressures are easing faster than anticipated. The data reinforced market expectations that the Bank of Canada may hold interest rates steady at its next meeting in June, or even consider a cut if the economy continues to slow. A lower inflation trajectory typically reduces the urgency for tighter monetary policy, which in turn weighs on a currency’s appeal. US-Iran Diplomatic Hopes Shift Risk Sentiment In parallel, reports emerged that the United States and Iran are making progress in indirect talks aimed at de-escalating tensions in the Middle East. Sources familiar with the negotiations indicated that both sides have agreed on a preliminary framework for reducing hostilities, which could lead to a broader agreement on nuclear and regional security issues. The prospect of easing geopolitical risks dampened demand for traditional safe-haven currencies like the US dollar and the Japanese yen. However, the Canadian dollar, which often trades as a proxy for risk appetite due to its close ties to commodity prices, failed to benefit from the improved sentiment. Instead, the currency weakened as the softer CPI data took center stage in driving near-term direction. Market Implications and What to Watch The USD/CAD pair has been oscillating within a narrow range between 1.3650 and 1.3800 over the past two weeks, with traders awaiting clearer signals from both central banks and geopolitical developments. The next key support level for the Canadian dollar lies at 1.3700, while resistance is seen near 1.3800. Investors are now focusing on the upcoming Bank of Canada Business Outlook Survey and the US jobs report for May, both of which could provide further clues on the diverging monetary policy paths between the two countries. A stronger US labor market could reinforce the Federal Reserve’s hawkish stance, further pressuring the loonie. Conclusion The Canadian dollar’s decline toward 1.3750 reflects a combination of softer domestic inflation data and shifting geopolitical dynamics. While the US-Iran talks have reduced some safe-haven demand, the Canadian dollar’s own fundamentals—particularly the easing CPI—are the primary driver of its current weakness. Traders should monitor upcoming economic data and central bank commentary for the next directional catalyst. FAQs Q1: Why did the Canadian dollar weaken despite lower inflation? Lower inflation reduces the likelihood of the Bank of Canada raising interest rates, which makes the currency less attractive to yield-seeking investors. The softer CPI data outweighed the positive impact of improved geopolitical sentiment. Q2: How does US-Iran diplomacy affect the Canadian dollar? The Canadian dollar is often influenced by global risk sentiment. Progress in US-Iran talks reduces geopolitical uncertainty, which typically boosts riskier assets. However, in this case, the domestic CPI miss dominated the currency’s movement. Q3: What is the outlook for USD/CAD in the near term? The pair is likely to remain range-bound between 1.3650 and 1.3800 until fresh catalysts emerge. Key events include the Bank of Canada Business Outlook Survey and the US jobs report, which could determine the next directional move. This post Canadian Dollar Slips Toward 1.3750 as Softer CPI and US-Iran Hopes Weigh first appeared on BitcoinWorld .
21 May 2026, 07:52
Will Pi Network surge after reclaiming the $0.15 level?
PI Network (PI) has been one of the worst performers among the leading cryptocurrencies in recent days. The coin lost 10% of its value in the last seven days and briefly dropped below the $0.1500 psychological level. PI’s bearish performance was due to the token unlock event that increased selling pressure as users gained access to some of their locked tokens. However, PI has stabilized above $0.1500 since Tuesday and is now up by 2% in the last 24 hours. While PI’s expansion in the United States via OKX pushed its price higher, the increased deposits on Centralized Exchanges (CEXs) imply that the sellers have not given up control yet. The momentum indicators have improved, suggesting a fading bearish trend. PI is now available to US customers via OKX PI is up by 2% in the last 24 hours and is trading above $0.1500. The positive performance comes as the broader crypto market rebounded following events regarding the US-Iran war. President Trump announced on Wednesday that the negotiations with Iran are approaching a peaceful end. The news caused Bitcoin and other major coins, including PI, to rally higher. Another major catalyst behind PI’s rally is the announcement on Wednesday that the OKX exchange will enable PI token access for its US users. This latest development means that more users in the United States would gain access to PI following Kraken’s listing of the token in March. https://twitter.com/PiCoreTeam/status/2057268237323088320 The listing on Kraken and OKX could allow Pi Network to build a strong user base in the United States. Despite these positive developments, on-chain data suggests that investors should be careful of sell traps. On-chain data obtained from PiScan shows that 1.72 million PI tokens were deposited on CEXs over the last 24 hours. This brings the total CEX balance to 540 million tokens. Historically, an increase in CEX deposits suggests reduced investor confidence, which could result in bearish price action for PI. PI technical outlook: The bulls are not out of the woods yet The PI/USD 4-hour chart remains bearish and efficient despite PI adding 2% to its value. At press time, PI is trading above $0.1500, maintaining a mixed bias. The momentum indicators indicate that the bearish trend is fading. The RSI of 47 is approaching the neutral 50, suggesting a growing bullish narrative. The MACD lines are also close to the zero area, adding further confluence to the growing bullish trend. If the $0.1463 support level holds and the buyers step up, PI could extend its rally towards the first major resistance at $0.1585. A daily candle close above this level will enable PI to target the next major resistance at $0.1690, which is the 4-hour Transactional Liquidity (TLQ) zone. However, if the $0.1463 support level fails to hold, PI could dip lower and retest the all-time low at $0.1310. The post Will Pi Network surge after reclaiming the $0.15 level? appeared first on Invezz
