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11 May 2026, 09:35

Upbit to Temporarily Halt ENJ Deposits and Withdrawals on May 18 for Network Upgrade

BitcoinWorld Upbit to Temporarily Halt ENJ Deposits and Withdrawals on May 18 for Network Upgrade South Korea’s largest cryptocurrency exchange, Upbit, has announced a temporary suspension of deposits and withdrawals for Enjin Coin (ENJ) effective May 18 at 11:00 a.m. UTC. The halt is attributed to a scheduled network upgrade on the Enjin blockchain. Details of the Suspension According to Upbit’s official notice, the suspension will affect all ENJ deposit and withdrawal services. The exchange has not specified the exact duration of the outage, but such maintenance periods typically last several hours to a full day, depending on the complexity of the upgrade. Users are advised to complete any pending ENJ transactions before the cutoff time to avoid delays. Why This Matters for Traders Network upgrades are routine in the cryptocurrency space, often introducing improvements in scalability, security, or functionality. For ENJ holders and traders on Upbit, the suspension means that during the maintenance window, they will not be able to move tokens into or out of the exchange. Trading pairs involving ENJ on Upbit’s spot market may continue to operate, but users should verify the exchange’s specific policies regarding trading during the suspension. Impact on Market Activity While temporary deposit and withdrawal halts are common, they can create short-term friction for active traders, particularly those relying on arbitrage opportunities or needing to transfer funds quickly. The announcement is not expected to have a lasting impact on ENJ’s price or market liquidity, as such events are typically well-communicated in advance. Preparing for the Upgrade Upbit recommends that users initiate any necessary ENJ deposits or withdrawals well before the May 18 deadline. The exchange will likely resume services shortly after the network upgrade is completed and verified as stable. No further changes to ENJ services are anticipated at this time. Conclusion Upbit’s temporary suspension of ENJ deposits and withdrawals on May 18 is a standard precautionary measure tied to a network upgrade. Traders and holders should plan accordingly to avoid inconvenience. The event underscores the importance of staying informed about exchange maintenance schedules in the fast-moving crypto market. FAQs Q1: Will my ENJ balance on Upbit be affected during the suspension? No. Your ENJ balance will remain intact and accessible for trading on the exchange’s spot market, provided trading is not separately halted. Only deposits and withdrawals are suspended. Q2: How long will the ENJ suspension last? Upbit has not specified an exact end time. Typically, such suspensions last until the network upgrade is completed and the exchange confirms network stability, which can range from a few hours to a day. Q3: What is a network upgrade, and why does it require a suspension? A network upgrade introduces changes to a blockchain’s protocol, such as improvements to speed, security, or features. Exchanges temporarily suspend deposits and withdrawals to ensure that transactions are processed correctly during the transition and to prevent potential errors or losses. This post Upbit to Temporarily Halt ENJ Deposits and Withdrawals on May 18 for Network Upgrade first appeared on BitcoinWorld .

11 May 2026, 09:34

ONDO bulls eye $0.50 breakout following massive weekly rally

The cryptocurrency market is currently experiencing a mixed performance, with some major coins in the red, while others are rallying. ONDO, the native coin of the Ondo Finance ecosystem, is one of the best performers among the top 50 cryptocurrencies by market cap. The coin is up by 5% on Monday, having gained more than 8% earlier in the Asian session after last week’s roughly 50% rally. The rally comes following the recent announcement of the first-ever tokenized Treasury bill settlement. However, retail confidence shows early signs of weakness as funding rates turn negative. The momentum indicators remain largely bullish, suggesting that ONDO could experience a breakout rally exceeding $0.50. ONDO rallies despite declining retail strength ONDO is up 5% in the last 24 hours and is now trading at $0.4267 per coin. The positive performance comes after Ondo rallied roughly 50% last week, driven by the first-ever tokenized settlement of a short-term US Treasury bill in partnership with J.P. Morgan, Mastercard, and Ripple. However, retail confidence in ONDO is declining and this could result in a correction in the near term. CoinGlass data shows the ONDO futures Open Interest is up 5% over the last 24 hours, reaching $213.77 million, implying steady positional buildup in the leverage market. Despite that, the funding rate has flipped negative to -0.0065%, suggesting that traders are willing to pay a premium to hold short positions. Hence, retail traders are anticipating a potential reversal. Furthermore, ONDO’s long-to-short ratio of 0.9497 suggests a larger number of active short positions. ONDO price forecast: Will the bulls push above $0.50? Unlike other major cryptocurrencies, the ONDO/USD 4-hour chart is bullish thanks to its rally in recent days. ONDO is trading at $0.4267, well above its 200-day EMA at $0.4022, with the 100-day EMA at $0.3103 and the 50-day EMA at $0.2993 trailing far below and preparing for a Golden Cross. Momentum indicators remain bullish but could be showing overbought signs. The Moving Average Convergence Divergence (MACD) rallies above the signal line on the 4-hour chart. The Relative Strength Index (RSI) around 66 signals bullish conditions that could encourage consolidation or a corrective pause. If the bulls push higher and close the daily candle above the $0.4524 resistance level, last tested on January 7, ONDO could extend its rally above the $0.5000 psychological level, targeting the $0.5625 level, last seen on November 17. However, if the bears regain control, initial support would be encountered at the 200-day EMA near $0.4022, where a pullback could test the durability of the latest breakout. A break below this support would expose the next demand area around the 100-day EMA at $0.3103, followed by the 50-day EMA at $0.2993. Hitting this level would result in the where the broader bullish structure coming under pressure. The post ONDO bulls eye $0.50 breakout following massive weekly rally appeared first on Invezz

11 May 2026, 09:31

Solana (SOL) nears critical $100 breakout: key levels to watch

Solana (SOL) has continued to attract strong attention as its price holds steady in the mid-$90 range after an extended recovery phase. The cryptocurrency is currently trading around $95, with intraday movement between $93.16 and $96.78, showing a tight but active consolidation zone just below a major psychological level. Notably, SOL has posted a 7-day gain of roughly 12% and a 30-day increase of about 13%, reflecting sustained momentum rather than a short-lived spike. However, despite this short-term strength, Solana is still down around 45% over the past year, highlighting that the broader recovery is still in progress. Institutional demand and market rotation support the rally A key driver behind Solana’s recent strength has been renewed institutional participation. On-chain activity shows a previously inactive wallet re-entering the market and purchasing 67,648 SOL worth approximately $6.23 million over a two-day period in early May. This type of movement is typically associated with larger investors repositioning rather than retail speculation. At the same time, US-listed spot Solana exchange-traded funds (ETFs) last week recorded five consecutive days of net inflows according to Coinglass data , suggesting that capital allocators are beginning to build exposure to the asset again. This has coincided with Solana outperforming Bitcoin on several trading days, with SOL rising about 1.8% while Bitcoin remained flat during the same period. Retail participation has also increased sharply. Activity across Solana-based decentralised exchanges has surged due to a wave of meme coin trading, with tokens such as $TROLL and $AURA posting triple-digit percentage gains. This has contributed to higher network usage and trading volumes, reinforcing momentum on the chain. Together, institutional inflows and retail speculation are creating a dual-engine effect, where both large-scale capital and high-frequency trading activity are supporting price stability near resistance levels. Technical analysis shows compression below $100 From a technical standpoint, Solana is now trading in a narrow band between $94 and $97, directly beneath a key resistance area. The most important level on the chart is $97.56, which has been identified as the first major breakout trigger. A daily close above this level would open the door for a potential continuation toward higher resistance zones. If momentum continues beyond $97.56, the next projected targets are $100 to $102, followed by a longer-term resistance zone near $127.75. This creates a clear multi-stage structure where $100 acts as both a psychological and technical barrier. On the downside, immediate support sits at $94, followed by a stronger support cluster between $92 and $93. A deeper breakdown below this range would weaken the current structure and expose the price to a potential move back toward $87.16, which analysts consider the main invalidation level for the ongoing bullish setup. Further still, momentum indicators are showing mixed conditions. While the broader trend remains bullish, supported with Solana trading above its 10-day, 20-day, 50-day, and 100-day exponential moving averages, the 14-day RSI stands at 66.82, pulling back from an overbought region. This means that Solana could be in a short-term consolidation or minor pullback before a continuation of the previous bull run. In addition, the price is still below the 200-day EMA, indicating that the long-term trend has not fully confirmed a complete reversal. Historically, Solana has shown extended cycles of sharp expansion and deep retracement. After reaching its previous all-time high of $259.44 in November 2021, the asset fell to around $9.85 in December 2022, before entering its current recovery cycle. This long-term context highlights that while the current trend is improving, it is still operating within a broader rebuilding phase. The post Solana (SOL) nears critical $100 breakout: key levels to watch appeared first on Invezz

11 May 2026, 09:30

XRP Bulls Drive Token Above $90B Market Cap as Bitcoin Retakes $82,000

XRP climbed above $1.50 for the first time in nearly two months during a broader crypto market rally that also pushed bitcoin past $82,000. ETF Inflows and Exchange Withdrawals Boost XRP Momentum On May 10, XRP breached the $1.50 mark for the first time in nearly two months amid a rare weekend cryptocurrency market rally

11 May 2026, 09:26

Bitcoin (BTC) And Ethereum (ETH): After A Calm ETF Week And Rising On‑Chain Activity, Do BTC And ETH Coil For A Breakout Or Drift Into Low‑Vol Summer Chop?

The "Institutional Era" of crypto has entered a curious state of equilibrium. After a week of relatively stable ETF flows and a steady rise in on-chain utility, Bitcoin (BTC) and Ethereum (ETH) are holding the upper bounds of their recent ranges. Market participants across the board are weighing the same question: Is this the silence before a "coiled" spring releases upward, or are we drifting into the dreaded "Summer Chop"—the sideways grind that tests the patience of even the most seasoned HODLers? Bitcoin (BTC): The "Institutional Index" in a Coiling Pattern Source: tradingview Bitcoin is currently the picture of technical poise. Having successfully turned the $80,000 psychological resistance into a tentative support level earlier this month, it is now "coiling" below local highs. The Coiling Signature: Price Action: We are seeing a sequence of higher lows on the 4-hour chart, but price is repeatedly stalling under a clear horizontal band. Technical Status: The MACD is flattening after a strong push in early May, suggesting the momentum is "resting" rather than reversing. ETF Context: After BlackRock’s IBIT drew nearly $1 billion in the first week of May, the current "calm" reflects a balanced market where institutional spot demand is absorbing minor futures-side profit-taking. The Signal: If BTC breaks its current horizontal ceiling with a widening MACD histogram, the "coil" is resolving upward. If it fails and slips under its short-term moving averages, the "Summer Chop" becomes the base case. Ethereum (ETH): The "Utility Engine" Preparing for a Rebound Source: tradingview Ethereum has been lagging Bitcoin slightly over the last seven days (−2.38%), but the underlying on-chain activity tells a more bullish story. DEX volumes and stablecoin flows on Ethereum L2s are rising, even if the price remains in a holding pattern. The Consolidation Profile: Price Action: ETH is oscillating around its key short and medium moving averages, essentially tracking the "DeFi/Restaking" sentiment rather than the "Macro/ETF" sentiment. Technical Status: The RSI-14 is sitting just under Bitcoin's, which matches its modest 7-day underperformance. It is "technically neutral," meaning it’s neither overbought nor ready to collapse. Institutional Play: While BTC ETFs had a massive start to the month, ETHA (BlackRock’s Ethereum ETF) has seen steady, albeit smaller, inflows that provide a structural floor. Breakout Or Low-Vol Summer Chop? The market is currently in a "tug of war" between three plausible scenarios: Case 1: The Coiled Breakout Higher This happens if ETF flows tilt positive again (even modestly) and macro conditions stay benign. If on-chain activity translates into actual buy pressure, BTC could easily drag ETH through its own resistance levels. Chart Watch: Look for BTC to hold its current band and RSI to move into the 55–70 "Trend Zone." Case 2: The Low-Vol Summer Chop (Base Case) This is a "builders' market" where price lags fundamentals. Liquidity remains fragmented across Solana and newer L2s, leading to long stretches of small candles and occasional fakeouts. Chart Watch: MACD clustering around zero and RSI oscillating between 45 and 60 for several weeks. Case 3: The Range Test Lower A less likely path, but possible if US-Iran tensions or other macro shocks trigger a "risk-off" move. This would likely see ETH underperform BTC as traders rotate to the "safety" of the digital gold index. Conclusion After a calm ETF week, the probability balance is tilted toward a continued range with an upward bias. Bitcoin remains the structural leader, sitting closer to the top of its range, while Ethereum is firmly anchored by the massive growth in rollups and restaking. Whether we get an explosive move or a quiet summer depends on the next few weeks of institutional flows. For now, the "coil" is tightening—and when it snaps, the direction will likely define the rest of the 2026 cycle. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

11 May 2026, 09:25

USD/JPY Price Forecast: Critical Trendline Test at 157.00 – Make or Break for the Pair

BitcoinWorld USD/JPY Price Forecast: Critical Trendline Test at 157.00 – Make or Break for the Pair The USD/JPY currency pair is approaching a pivotal technical juncture, with price action converging on a key advancing trendline near the 157.00 level. This zone represents a potential make-or-break point for the pair, as traders assess whether the bullish momentum can sustain or a reversal is imminent. Technical Context: Trendline Support at 157.00 The 157.00 area has emerged as a significant technical reference point, coinciding with a rising trendline that has guided the pair higher over recent weeks. A clean hold above this level would reinforce the bullish structure, while a decisive break below could open the door for a deeper correction toward the 155.00 region or lower. From a technical perspective, the 157.00 zone also aligns with prior swing lows and the 50-day moving average, adding to its importance as a support cluster. Traders are watching for daily closes above or below this threshold to confirm the next directional bias. Fundamental Drivers: Divergent Monetary Policy The broader USD/JPY trend remains heavily influenced by the interest rate differential between the Federal Reserve and the Bank of Japan. The Fed’s relatively hawkish stance, coupled with a resilient U.S. economy, has continued to support the dollar. Meanwhile, the BOJ has maintained its ultra-loose monetary policy, keeping the yen under pressure. Recent comments from BOJ officials have hinted at a potential shift in policy, but no concrete timeline has been provided. This uncertainty has kept yen traders cautious, with any hawkish surprise potentially triggering a sharp reversal in the pair. What to Watch This Week Key U.S. economic data releases, including inflation figures and retail sales, will be closely monitored for their impact on Fed rate expectations. Any upside surprise in U.S. data could push the dollar higher, testing the 157.00 support. Conversely, softer data may weaken the dollar and accelerate a breakdown below the trendline. Additionally, any verbal intervention from Japanese authorities regarding yen weakness could introduce volatility. The Ministry of Finance has historically stepped in when the yen depreciates rapidly, and the 157.00 level may be a line in the sand for policymakers. Conclusion The USD/JPY pair is at a critical technical crossroads near 157.00. The outcome of this trendline test will likely set the tone for the next several weeks of trading. Traders should monitor the 157.00 level closely, along with upcoming U.S. data and BOJ commentary, for confirmation of the next directional move. FAQs Q1: Why is the 157.00 level important for USD/JPY? The 157.00 level coincides with a key rising trendline, the 50-day moving average, and prior swing lows, making it a strong support zone. A break below could signal a trend reversal. Q2: What could cause USD/JPY to break below 157.00? A break below 157.00 could be triggered by weaker-than-expected U.S. economic data, a hawkish surprise from the Bank of Japan, or verbal intervention from Japanese authorities. Q3: What is the next target if USD/JPY holds above 157.00? If the pair holds above 157.00 and resumes its uptrend, the next resistance levels to watch are 158.50 and 160.00, which are prior highs and psychological round numbers. This post USD/JPY Price Forecast: Critical Trendline Test at 157.00 – Make or Break for the Pair first appeared on BitcoinWorld .