Latest Cryptocurrency News

Korea Triggered an $11 Billion Bitcoin Sell Signal — Then $65 Billion Vanished Days Later - A major warning sign appeared in South Korea’s Bitcoin market before a sharp decline in short-term capital hit the broader crypto space just days later.

Morpho Jumps 10%, But One Key Resistance Could Still Prevent a Move Toward $2.36 - Morpho soared about 10.3% in the last 24 hours as traders jumped in and the momentum picked up steam, especially across spot and perpetual markets. People are clearly piling in, adding leveraged positions and new capital, which keeps pushing the price up. But there’s still one big technical hurdle — the resistance zone at $2.23. Whether Morpho breaks through or gets stuck here is going to set the tone for what happens next. Right now, bullish sentiment is all over the perpetual futures market. Most traders are betting on more upside: around 54% of trading volume in Morpho perpetual contracts comes from long positions, and the Long/Short ratio is up to 1.27. This says traders aren’t scared — they’re going all in on a continued rally. Open Interest has jumped roughly 11% in just one day, so new money is flooding in as people expand their exposure. Funding rates are ticking up, too, hitting about 0.0053%. That’s a clear sign traders are willing to pay extra to stay long, and confidence is running high. Morpho Jumps 10%, But One Key Resistance Could Still Prevent a Move Toward $2.36 Technically, Morpho is still in a rising channel, which generally reflects the kind of steady bullish action everyone hopes for. But now it’s knocking on the door of that big resistance at $2.23. If the bulls manage to break through, the next target looks like $2.36—about another 9.5% up from here. If Morpho can’t clear the resistance, though, the price probably dips back toward the lower support line before trying again. Accumulation data backs up the bullish setup. The A/D indicator has stayed positive, and trading volume has pushed past 9.97 million. When the A/D climbs, it shows buyers are still outpacing sellers—people are picking up Morpho on dips rather than bailing out. As long as this buying pressure sticks around, the bigger uptrend probably stays alive, even with some volatility around resistance. Retail sentiment has gone full-on bullish, too. CoinMarketCap reports about 38,700 users voting, and they’re unanimously optimistic about Morpho’s price. It’s currently showing 100% bullish votes, which is wild and signals some strong collective belief. Sure, extreme optimism sometimes hints that things are getting too hot, but the numbers don’t lie: bullish positions, rising Open Interest, and solid accumulation all point to more upside—if Morpho can break through the key $2.23 resistance. Related Reading : https://www.topcoinindex.com/news/solana-remains-nearly-70-below-its-peak-as-bulls-look-toward-a-potential-95-recovery

Solana Remains Nearly 70% Below Its Peak as Bulls Look Toward a Potential $95 Recovery - Solana’s been stuck under intense selling pressure after dropping hard from its previous highs. The price is around $86 right now—about 70% below its peak near $295. Even though the fall was steep, traders are keeping an eye out for signs of a bounce, especially toward the big $95 resistance zone. So where does that leave SOL? It’s bouncing between $85 and $87 on daily and weekly charts. The drop pulled it below some key levels, like the old support at $104, which now acts as resistance. The mood’s definitely shifted—when Solana was flying high, people were excited, even hyped. That interest cooled off fast once it sank into the mid-$80s. Right now, that dotted $95 support area is turning into the first real upside target for anyone hoping for a quick rebound. Solana Remains Nearly 70% Below Its Peak as Bulls Look Toward a Potential $95 Recovery Why’s $95 such a big deal? For Solana bulls, reclaiming that level would be a strong technical signal. If it makes it over $95, traders are eyeing the weekly 50 EMA around $124, another tough resistance since the breakdown. Getting past $124 is a big hurdle, but if SOL closes above it on the weekly chart, people start looking higher—to $175, maybe $200. But getting there isn’t simple. There are several resistance zones waiting: $104, $134, $158, $175, $191, and $212. Any of these could stall upward movement if Solana tries to rally. Support in the $80-$85 area matters a lot. SOL’s just above that, and holding it is crucial for market stability. Analysts keep warning: if SOL closes below about $83 on a weekly chart, the bullish setup could fall apart and trigger a deeper drop—maybe toward the $60 trendline. If it breaks under $80 on the daily, the next stop could be the $70-$75 range, piling even more pressure onto the overall structure. Momentum indicators are kind of mixed. The MACD still leans bearish—its line under the signal line, histogram negative—but the gap between them’s getting narrower. That means the downside might not be picking up speed as aggressively. The RSI sits around 45, and its average is near 55, so buyers haven’t grabbed momentum yet. If that RSI manages to move above 50, short-term prospects would look a little better; a jump to 55 or 60 would really show recovery momentum. At the moment, Solana traders are glued to the $95 bounce zone. The bigger question is whether it can break through $124, which would shift the recovery outlook in a big way. Related Reading : https://www.topcoinindex.com/news/ethereums-latest-breakdown-suggests-sellers-are-gaining-stronger-control

Ethereum’s Latest Breakdown Suggests Sellers Are Gaining Stronger Control -Ethereum got a small bump late Wednesday, but honestly, the bigger picture still looks shaky. Even with that little comeback, the market’s structure feels weak, and recent price moves are leaning more and more toward the bears. People are starting to think Ethereum’s just entered a more vulnerable phase. It broke through a key support area, and that’s added extra stress on the price in the short term. PelinayPA, a CryptoQuant analyst, pointed out that this latest drop really shows sellers tightening their grip. The crypto market’s been especially choppy lately—ETH just hasn’t managed to hold onto its important support levels with everything swinging around. So, traders are looking over their shoulders, worried that the next move could be further down. Technically, Ethereum just fell below a triangle consolidation pattern, which usually means the sideways grind is over and a more decisive trend—up or down—is coming. Here, that move tipped toward the bears. A breakdown like this isn’t the only thing that signals trouble, but other warning signs are popping up too. Several moving averages now slope downward, hinting that momentum’s drying up across different timeframes. PelinayPA also highlighted that Ethereum’s short-term moving average keeps slipping below the long-term average. That’s a classic sign sellers are running the show. And when that happens, any short-lived bounce tends to fade as the sell-side quickly returns. There’s more—liquidation data from Binance is adding to the worry. Binance handles a ton of Ethereum’s global derivatives trading, so everyone keeps an eye on liquidation trends for market cues. Lately, there’s been a steady stream of long positions getting liquidated as prices dip. When big liquidations hit during weakness, it tells you bullish traders are being pushed out while the market resets at lower levels. These moments usually point to big players or institutions cutting back on risk, especially when the outlook’s shaky. PelinayPA said it all: Ethereum’s inability to stage a real recovery after these big liquidations just drives home how fragile the setup is right now. Ethereum’s Latest Breakdown Suggests Sellers Are Gaining Stronger Contro Unless Ethereum can push back above the old breakdown area and build momentum, this bearish trend will likely stick around. Support levels are now feeling the heat. If ETH can’t claw its way back up, selling could get even heavier. One target people are eyeing is $1,350—if things unravel further and the bearish trend picks up steam, that spot might become a reality. Whale activity isn’t helping either. Ali Martinez, also known as Ali Charts, noted that around 60 big wallets holding at least 10,000 ETH have dumped or consolidated their coins over the past couple months. When large holders do this, it’s often seen as major profit-taking or a signal that institutional players want less risk on the table. A lot of these whales seem to be using recent market liquidity to lighten up their positions, which suggests even they aren’t feeling great about Ethereum’s mid-term prospects. To top it off, there’s been a noticeable rise in ETH getting moved onto exchanges—that usually rings alarm bells. When big holders shift their coins to exchanges, it’s often a sign they’re gearing up to sell, not stash more for the long haul. Put all this together—shaky technicals, heavy liquidations, whales bailing, and coins flooding into exchanges—and you get a market that’s still tilting lower. For now, the $2,000 level is where everyone’s attention is. If ETH can’t build support there, things might get even more interesting. Related Reading : https://www.topcoinindex.com/news/solana-whales-accumulate-nearly-10-million-in-sol-as-bulls-eye-break-above-87

Solana Whales Accumulate Nearly $10 Million in SOL as Bulls Eye Break Above $87 - Big Solana holders are ramping up their positions again, and people are starting to wonder if SOL is gearing up for another move higher—especially if buyers manage to break past a key resistance level. On May 21, as Solana tried to bounce back, on-chain data showed crypto whales scooping up almost $9.7 million in SOL. This sudden buying came right as SOL broke out of a tight range, which could set up more momentum in the days ahead. SOL traded around $86.30 at the time, up about 1.85% in the last day. Trading got a lot busier, too. Daily volume surged 38% to roughly $43.66 billion, pointing to heavier action from both traders and investors. Whale Moves Show Growing Confidence Onchain Lens spotted two new wallets picking up big chunks of SOL in a single day. One wallet—dubbed “8qBMv”—received about 88,004 SOL (around $7.56 million), sent over from FalconX. The other, “ECgwn,” grabbed roughly 24,500 SOL (valued at $2.11 million) from Binance. These transfers hint that some whales are getting set for longer-term bets, with some of that SOL apparently earmarked for staking. But it’s not just those two wallets. Whale activity is heating up in general. Nansen says the top 100 SOL wallets boosted their holdings by nearly 60% in a day. That spike shows bigger players are getting more optimistic, which is giving the bullish mood even more fuel. Derivatives Markets Turning Bullish Futures markets are picking up on this vibe. CoinGlass notes that Solana’s funding rates flipped positive and climbed to about 0.0073%. SOL has a pretty clear history of running higher after funding rates move back into the green—it usually means traders are confident and piling into long positions. Solana Whales Accumulate Nearly $10 Million in SOL as Bulls Eye Break Above $87 Right now, Solana’s Long/Short Ratio sits near 1.016, so traders are slightly favoring bullish bets over bearish ones. If you add it all up, the derivatives data points to more upside in the near term. Can Solana Break Past $87? Charts show SOL broke out of a three-day consolidation, but bulls still have to clear that big resistance level—it’s right around $87.21. Analysts say if Solana can finish the day above that hurdle, it could really kickstart bullish momentum and pave the way toward the next big target near $95.62. That’d be about a 9% gain from here. But if SOL can’t get past $87, it’ll probably get stuck just bouncing sideways. Even with the recent boost in momentum, a few broader technical signals are still pointing out some underlying weakness. SOL is still trading under its 50-day EMA, which means the bigger trend hasn’t turned bullish yet. The ADX is down to about 16.52, showing the overall momentum isn’t strong, despite the rebound. Right now, most traders are watching to see if whale buying and the positive action in derivatives will finally push Solana past that key $87 resistance. Related Reading : https://www.topcoinindex.com/news/sui-introduces-gasless-stablecoin-transfers-with-backing-from-fireblocks