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OP Comment and Price Analysis August 5, 2025
OP Technical AnalysisWhen we analyze the OP chart, we clearly see that the short-term falling wedge formation has broken above. This breakout signals that the price could gradually surge upwards towards the formation’s target. The technical target of this falling wedge formation is approximately $2.77, yet the price needs to exceed some strong resistance areas before it reaches this target level.The first key resistance level ahead is the range between the levels at $0.84 - $0.91, but the coin is currently trading around $0.75. If OP can break above this resistance range with huge volume, then we have other resistance levels up at $1.12, followed by $1.39 - $1.50.We must add that the range between the levels at $1.39 - $1.50 is technically so important that it intersects not only horizontal resistance but also the long-term falling trendline. If the price cannot break above this range, the price action could be limited; however, $1.89 and $2.77 could be targeted again if OP breaks above this range with great momentum. OP Current View Summary:• The short-term falling wedge formation has broken upward.• The formation's technical target is the $2.77 region.• Immediate resistance: $0.84 – $0.91• Next resistance levels: $1.12 → $1.39 – $1.50• Closes above $1.50 indicate a breakout of both the sideways and long-term downtrend.• Potential medium-term targets: $1.89 → $2.77• The $0.66 level is the first area to follow as support in case of pullbacks.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
Major US Move into Crypto Market: CFTC Greenlights Leveraged Spot Crypto Transactions
The U.S. Commodity Futures Trading Commission (CFTC) is preparing to make a historic change to cryptocurrency regulations. According to the new initiative announced by CFTC interim Chair Caroline Pham, exchanges currently authorized to offer futures contracts will be allowed to offer spot cryptocurrency transactions with leverage.What does the new regulation mean?The model the CFTC is working on envisions exchanges with Designated Contract Market (DCM) status transitioning beyond limited derivatives to direct spot cryptocurrency transactions. Spot transactions allow users to buy and sell assets instantly, while leveraged trading allows investors to take larger positions. This framework will offer both institutional and retail investors more trading options within a regulated and supervised framework. Furthermore, because it is planned to utilize existing legal infrastructure, it can be implemented quickly without waiting for new legislation from Congress. Coordination with the SEC: A move parallel to "Project Crypto"This development, as we reported last week, follows the "Project Crypto" initiative announced by U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins. This initiative aims to clarify the rules for classifying blockchain-based assets as securities.The CFTC, on its part, wants to create a space suitable for regulating cryptocurrencies as commodities. This signals the emergence of a two-agency digital asset regulatory system in the U.S. Thus, under a collaborative structure between the SEC and CFTC, investors will be able to trade on a more robust basis, both in terms of security and flexibility.Comment period begins: August 18 deadlineCaroline Pham said in a statement, "Starting today, we invite all stakeholders to provide feedback on how leveraged spot crypto asset contracts could be listed on a DCM." This consultation process, launched on the CFTC's official website, will remain open until August 18, 2025. Comments submitted will be shared publicly and actively evaluated in shaping regulations. This process allows various actors in the crypto ecosystem (exchanges, investors, developers, and legal experts) to contribute to the process.In futures trading, investors enter into contracts to buy and sell assets on a specific date. However, in spot markets, assets are bought and sold instantly. Including spot markets in the scope of regulation could allow institutional investors, in particular, to become more active.Leveraged spot trading offers the opportunity to increase potential profits but also carries risks. Therefore, the CFTC emphasizes that the regulations aim to both ensure investor protection and maintain market stability.What does it mean for the crypto market?If this plan is implemented, it could usher in a new era for the US crypto market. Currently, many major investors are cautious about the crypto market due to regulatory uncertainty. However, this move will allow cryptocurrencies to be traded in broader, more regulated markets.
Crypto Move from Corporate Giants: Huge Purchases for TON, ETH, SOL, and BTC
New information released as of August 4th reveals the growing interest of major players in traditional markets in the crypto world. Major assets like TON, Ethereum, Solana, and Bitcoin have already entered the radar of institutional investors. Here are five companies that have announced crypto reserve strategies or made major purchases in the last 24 hours, along with their details:A first for TON on the stock market: Verb Technology acquisitionNASDAQ-listed Verb Technology Co. (VERB) announced that it has signed an exclusive agreement with Kingsway Capital for approximately $558 million. This investment aims to establish the first publicly traded TON strategy firm. Sources familiar with the matter indicate that Kingsway Capital's interest in TON is not new; in fact, founder Manuel Stotz began purchasing TON two years ago. According to a report published by Bloomberg on July 24th, the TON Foundation and Kingsway Capital are also preparing for a new $400 million fundraising process for the Toncoin treasury. Artelo Biosciences Adds Solana to Its ReservesAnother noteworthy development came from the pharmaceutical sector. Nasdaq-listed Artelo Biosciences (ARTL) announced its digital asset reserve strategy centered on Solana (SOL). The company closed a $9.475 million private funding round. This investment made Artelo the first publicly traded pharmaceutical company to include SOL on its balance sheet, making it a cryptocurrency. As part of the funding, shares or options were issued at a price of $10.45, and two three-year options were also available at $10.20 and $50.Ether Reserve Purchases 10,605 ETHEther Reserve LLC, a partnership between The Ether Machine and Dynamix Corporation (DYNX), is continuing its Ethereum accumulation plan. The company purchased an additional 10,605 ETH at an average cost of $3,781. This brings the total amount of ETH accumulated since the beginning of August alone to 345,362. The purchase was financed with $97 million in cash reserves from a previous private funding round. Following the 15,000 ETH purchase last week to celebrate Ethereum's 10th anniversary, this move is seen as a continuation of this long-term strategy.GameSquare's ETH Proceeds-Based Share Repurchase PlanGameSquare, which has attracted attention with its Ethereum revenues, has approved a new share repurchase plan. The company allocated a $10 million fund, equivalent to 2,717 ETH, for the repurchase. This move brings GameSquare's total ETH reserves to 15,630. The company stands out for integrating ETH earnings directly into its balance sheet management strategy.Strategy purchased another 21,021 BTC for $2.46 billion.On the Bitcoin front, the real bombshell came from Strategy. In just one week, the company spent $2.46 billion to purchase 21,021 BTC at an average cost of $117,256. This purchase was made possible by funds previously raised through a 28 million-unit preferred stock offering called "STRC." The company, which raised $2.521 billion through the IPO, continues to demonstrate its commitment to crypto.
15-Week Rally Ends: Investors Exit BTC and Turn to ADA, SOL, XRP, ETH
According to the latest data from CoinShares, there were net outflows of $223 million from digital asset investment products last week. This development marks the end of a 15-week streak of uninterrupted inflows. While funds experienced a strong inflow of $883 million at the beginning of the week, outflows in the second half of the week turned the overall picture negative.According to experts, this wave of outflows is driven by the hawkish messages from the US Federal Reserve (Fed) and higher-than-expected economic data. CoinShares Research Director James Butterfill stated that the outflow, which exceeded $1 billion on Friday alone, stemmed from a "general risk-off" atmosphere. Butterfill noted that a total of $12.2 billion in inflows over the last 30 days constituted half of the inflows since the beginning of the year, and that the recent outflows could be interpreted as profit-taking.Sharp decline in Bitcoin fundsLast week, $404 million in outflows from Bitcoin-based investment products occurred. This constituted the majority of the total outflows. US-based spot Bitcoin ETFs, in particular, played a leading role in this decline. Data shows that these ETFs saw $642.9 million in outflows on a weekly basis. Nevertheless, a total of $20 billion has flowed into Bitcoin funds since the beginning of the year, demonstrating high investor interest.Positive sentiment continues for Ethereum and some other altcoinsEthereum investment products, meanwhile, extended their positive streak to a 15th week. Last week, these products saw a total net inflow of $133.9 million. This consistent demand for Ethereum marks the longest uninterrupted inflow period since mid-2021.Notable data also emerged on the altcoin front. XRP products closed the week with net inflows of $31.3 million, Solana $8.8 million, Cardano $1.3 million, and Sui $0.8 million. The largest outflows by fund provider came from the following institutions:ARK 21Shares/USA: $442 millionFidelity Wise Origin Bitcoin Fund: $354 millionGrayscale Investments: $243 millionBitwise Funds: $106 millionIn contrast, iShares ETFs led the way, closing the week with $749 million in inflows. However, monthly data shows this fund had a net loss of only $3 million. The US Leads the Way by CountryRegional data, however, reveals that outflows largely originated from the US. US-based funds saw a total outflow of $383 million last week, followed by Germany with $35.5 million and Sweden with $33.3 million.Additionally, significant inflows were noted in some regions:Hong Kong: $170.4 million inflowSwitzerland: $52.4 million inflowCanada: $12.4 million inflowAccording to CoinShares data, total assets under management (AUM) in digital asset investment products reached $215.2 billion. While the majority of these assets are concentrated in US-based funds, iShares ETFs had the largest AUM at $94.8 billion.
What is Toncoin (TON)?
In the crypto world, there are projects that sometimes quietly emerge but then suddenly make a powerful return. Toncoin fits this description perfectly. Behind it lies the shadow of a giant platform like Telegram, a journey reshaped by community support, and a technically ambitious infrastructure. Toncoin is a digital asset we've been hearing a lot about in the crypto world lately. So, what is Toncoin? Simply put, Toncoin is the native cryptocurrency of The Open Network (TON) blockchain. Initially developed by Telegram, this project emerged with the promise of high speed and scalability. In fact, due to the project's origins, Toncoin is sometimes referred to as "Telegram coin." In this guide-like article, we will cover all the details of Toncoin, from its origins to its technical specifications, its use cases, and its future prospects.Toncoin Definition and OriginsToncoin was developed as the native cryptocurrency of The Open Network (TON) blockchain. Launched in 2018 by Telegram founders Pavel and Nikolai Durov, the TON project was initially known as the "Telegram Open Network" and was announced alongside its own cryptocurrency, Gram. The goal was to build a high-speed and scalable Layer-1 blockchain that would support Telegram's hundreds of millions of users. Indeed, thanks to its technical architecture, TON was designed to theoretically serve millions of users. For example, the network structure consists of a masterchain and numerous subchains (workchains) operating beneath it; each subchain can be sharded to create new subchains as needed. This allows TON to achieve unlimited horizontal scalability. TON network architecture. Source: TON Blog In short, the TON blockchain was a revolutionary project, particularly for its time, aiming to fully implement the "sharding blockchain" concept.However, the project faced rocky roads from its very beginnings. Announced in 2018 and generating considerable excitement, the Telegram blockchain project TON faced a block from the US Securities and Exchange Commission (SEC) in 2019. The SEC filed a lawsuit against the project, claiming that the Gram token sale constituted an unregistered security sale. As a result, the Telegram team was forced to withdraw from the project in 2020 after a lengthy legal battle. Telegram released all of its TON-related code as open source, officially ending the Gram coin project.At this point, independent developers and the community entered the scene. Open-source developers, eager to pick up where Telegram left off, adopted the TON codebase and revived the project. The TON Foundation (a non-profit foundation), established in 2021, began supporting the network's development and named its token Toncoin. So, while the name Gram was lost to history, a new community project with the same technological vision came to life under the name Toncoin. Pavel Durov even expressed his support for this new TON project, driven by the community, in a statement in December 2021, calling it "a continuation of our vision."Toncoin's application areas are also quite broad. What are Toncoin's benefits? First, Toncoin aims to be an ideal tool for micropayments, offering both fast transaction confirmation and low fees. Furthermore, NFT trading, decentralized finance (DeFi) applications, and other Web3 services have begun operating on the Toncoin network. For example, once the smart contract infrastructure becomes active on the TON blockchain, NFTs, such as digital collectibles and in-game assets, can be created and traded. Similarly, DeFi protocols such as blockchain-based lending and decentralized exchanges are also developing on TON. Ultimately, Toncoin aims to enable fast, cheap, and user-friendly transactions, enabling the use of crypto in everyday life.Toncoin's History: Key MilestonesLooking at Toncoin's history, several critical milestones stand out. Below, we've summarized the key developments, including Toncoin's launch date, in chronological order:2018: The Telegram team announced the Telegram Open Network (TON) and its native token, Gram. Approximately $1.7 billion was raised in private sales for the project. This was one of the largest fundraisings in the crypto world to date, and Gram, also known as the "Pavel Durov coin," generated significant buzz.2020: Following a lawsuit filed by the US SEC, Telegram halted the TON project. Due to the SEC's block, the Gram token distribution was canceled, and Telegram withdrew from the project, returning $1.2 billion to investors. As of June 2020, Telegram's official TON journey ended.2021: Following Telegram's withdrawal, the open-source community took over the project. Led by developers such as Anatoliy Makosov and Kirill Emelyanenko, the TON Foundation was established, and the network was revitalized. With this newfound momentum, the token was named Toncoin. By the end of the year, the Toncoin network had gained strength with the support of Pavel Durov.2022: Important technical features and products were launched on the TON blockchain. The network began fully implementing staking with a Proof-of-Stake consensus mechanism. Developers created NFT marketplaces and collections on TON, and the first smart contracts became operational. In July 2022, TON DNS was announced, and human-readable domain names with the .ton extension were auctioned. Later that year, TON Storage, a decentralized file storage solution, was launched.2024: The Telegram and TON ecosystems reconnected, and integration steps were taken. The Toncoin wallet and Web3 features began to be integrated within the Telegram app. Telegram's mini apps platform, in particular, has evolved into a platform for running blockchain-based applications called TON Mini Apps. By the end of 2023, Telegram adopted the TON blockchain as its official Web3 infrastructure, and this integration was rolled out to the masses throughout 2024. As a result, TON-based mini apps became widespread within Telegram and reached millions of users. Indeed, by July 2024, mini apps on Telegram had reached 500 million monthly users. "Mini apps" on Telegram 2025: In April 2025, the TON Foundation appointed former MoonPay CFO/COO Maximilian Crown as its new CEO. In July 2025, the TON Foundation announced its goal of raising $400 million in investment to create a crypto treasury company with the globally recognized Kingsway Capital Partner. Network performance also improved in the first half of 2025, with the number of active addresses increasing by 5%. Meanwhile, STON.fi emerged as the largest dApp on the TON network, receiving a $9.5 million investment led by Ribbit Capital and CoinFund. First Digital USD (FDUSD) stablecoin was integrated into the TON network as its native stablecoin. Ethena’s USD e-Boost campaign launched the opportunity to earn up to 20% APY on tsUSDe tokens across four DeFi platforms. Also in July 2025, Telegram added native TON Wallet support in the US; Users can now access their own wallet within Telegram, conduct transactions, and stake transactions.Why is Toncoin Valuable?There are several key technical features and advantages that underlie the popularity of the Toncoin project. First and foremost, the TON blockchain boasts impressive performance in terms of speed and scalability. During a public test conducted in 2023, the TON network broke a world record among existing blockchains by processing approximately 104,715 transactions per second. Furthermore, this test demonstrated that the network has not yet reached its full capacity; with sufficient nodes, it is stated that it could theoretically reach millions of TPS. This extraordinary speed and capacity are among the key factors that make Toncoin valuable. We have listed Toncoin's key advantages below:High transaction speedThe TON network's architecture is designed to process hundreds of thousands of transactions per second. Thanks to dynamic sharding, when the network load increases, new chains are activated to process transactions in parallel. Indeed, in practical tests, TPS exceeding 100,000 have been achieved. This speed makes TON extremely suitable for financial transactions and micropayments. Table comparing transaction speeds of TON and other major blockchains. Source: TON Blog Scalability with ShardingSharding technology allows TON to scale horizontally. Instead of a single blockchain, the network is divided into multiple interconnected subchains. As load increases, new shardchains are automatically created to distribute the load. When load decreases, the shards merge again. This allows for flexible performance scaling and prevents network congestion. Rich Web3 InfrastructureThe Toncoin ecosystem isn't just about cryptocurrency transfers; it also offers comprehensive Web3 solutions. For example, TON DNS is a domain name system that makes blockchain addresses human-readable (e.g., user.address.ton). TON Storage operates as a decentralized cloud storage service, allowing files to be stored on a distributed network. TON Proxy provides a Tor-like privacy layer that aims to anonymize internet traffic.Telegram IntegrationAnother aspect that makes Toncoin unique is its access to the user base of a massive platform like Telegram. As of September 2023, TON was officially positioned as Telegram's Web3 infrastructure. This means the Toncoin wallet is embedded within the Telegram app, allowing crypto transfers without leaving the chat screen. Telegram currently has over 900 million active users, and TON is the only blockchain network capable of reaching this audience. For example, it's possible to tip with Toncoin while chatting on Telegram, pay for channel subscriptions, or earn money by playing games. Thanks to this integration, Toncoin has gained a tremendous advantage in integrating crypto into daily life.Low transaction fees and a user-friendly experienceTransaction fees on the TON blockchain are extremely low, and fees remain predictable regardless of network congestion. An average block time of around 5-6 seconds means near-instant confirmation. Users can use simple names (thanks to TON DNS) instead of complex wallet addresses, and a natural experience within the Telegram interface also lowers the barrier to use. In short, TON aims to make Web3 as easy as Web2, fostering widespread crypto adoption. Particularly driven by Telegram's influence, there's considerable optimism within the community about the future of TON coin.For those unfamiliar with concepts like TON DNS and TON Storage, let's briefly explain. TON DNS is a system that translates long, complex crypto addresses into readable short names, similar to internet domain names (for example, domain names like alice.ton correspond to wallet addresses). What is TON Storage? It's a decentralized file storage network running on the TON blockchain, allowing you to securely store your files in a distributed manner. Similarly, TON Proxy can be thought of as a proxy/anonymity layer that hides users' IP addresses, providing more private and secure internet access. Each of these components is a key component that enhances the value of the Toncoin ecosystem. The most important components of the TON ecosystem Who is the Founder of Toncoin?So, who owns Toncoin? The answer to this question should be considered by considering the project's two distinct periods. The founders of the TON network and its initial token model are Pavel Durov and his brother Nikolai Durov, who are also founders of the popular messaging platform Telegram. They were the ones who conceptualized the TON project and announced the Gram token plan in 2018. Nikolai Durov is also known as the author of TON's technical whitepapers; in short, we can call it TON's original architect. Therefore, the Durov brothers' vision lies at the heart of Toncoin (hence the term "Pavel Durov coin" in the industry).However, after the SEC block in 2020, the Durov brothers withdrew from the project entirely, and Telegram halted all TON-related work. From this point on, the community, rather than any specific individual, became the primary figure as Toncoin's founder. The open-source code left by Telegram was entrusted to independent developers. The team continuing the project after 2020 consists of open-source developers and volunteers from the TON community from around the world. To support this volunteer effort with an institutional structure, the Switzerland-based TON Foundation was established in 2021. The TON Foundation continues to operate actively today as an umbrella organization that coordinates and finances the network's development activities.Currently, the Toncoin network is operated in a decentralized manner by global validators. This means that neither Telegram nor the TON Foundation control the network alone; decisions are made by the community and the validators. Even when Telegram founder Pavel Durov was briefly detained in 2024, the TON blockchain continued to operate without any interruption.Pavel Durov's involvement with the TON blockchain can be explained by the following points:2018 → Telegram announced the TON (Telegram Open Network) project and the Gram token.2019 → The US Securities and Exchange Commission (SEC) filed a lawsuit against Telegram.2020 → Telegram withdrew from the project; the Gram token was canceled. Pavel Durov announced that they had returned investors their funds and ended the project.2021 → Independent developers revived TON and launched it under the name Toncoin.December 2021 → Pavel Durov announced his support for the new TON project, maintained by the community.2023 → Telegram resumed its collaboration with the TON Foundation. Toncoin began to be integrated into Telegram's Web3 infrastructure.2024 → TON Wallet was integrated into the Telegram app, and mini-apps began to be built on TON.2025 → Staking, transfers, and Web3 transactions became widespread and available to users on Telegram.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about Toncoin:What is Toncoin and why is it important?: Toncoin is the native cryptocurrency of The Open Network (TON) blockchain. This coin's importance stems from its ability to integrate with a major platform like Telegram and its potential to bring blockchain technology to millions of users. In other words, Toncoin is notable for its advanced technical features (speed, scalability, and low fees) while also being seen as a significant project that will accelerate crypto adoption by finding a practical application in daily life through Telegram.How did Toncoin come about?: Toncoin's origins stem from the TON (Telegram Open Network) project announced by Telegram in 2018. Designed by Pavel and Nikolai Durov, this project was initially planned to launch with a token called Gram, but was halted by an SEC block in 2020. After Telegram's withdrawal, independent developers took over the code and relaunched the network under the name Toncoin in 2021. In short, Toncoin was born from the community's continuation of the vision initiated and left by Telegram.What is the relationship between Toncoin and Telegram?: There is an organic connection between Toncoin and Telegram. First of all, the Toncoin project is rooted in Telegram's vision, as it was initiated by the founders of Telegram. Today, Telegram has integrated Toncoin and the TON network into its ecosystem. For example, you can use the Toncoin wallet (TON Wallet) within the Telegram app, send Toncoin without leaving chats, or run TON-based mini-apps. In short, Telegram adopted TON as its blockchain infrastructure, and Toncoin has become a cryptocurrency that reaches millions of users through Telegram. This integration creates a win-win situation for both parties: Telegram users gain easy access to crypto services, while Toncoin gains a large user base.Is Toncoin centralized or decentralized?: The Toncoin network is decentralized. While initially developed by Telegram, the network is now controlled by thousands of validators and community management spread across the globe. Toncoin's consensus mechanism, Proof-of-Stake, ensures the participation of many independent validators to secure the network. Telegram does not directly manage the network; in fact, it continues to operate the TON blockchain independently of Telegram. For example, even when Telegram founder Pavel Durov faced a brief legal dispute in 2024, the TON network continued to operate without interruption. This demonstrates that the network is not dependent on a single person or central authority; rather, it has a distributed structure.How does Toncoin differ from networks like Ethereum?: There are several key differences between Toncoin (TON) and Ethereum. First, TON is sharding-based by design, providing higher transaction capacity and speed. Ethereum, on the other hand (despite updates), still largely addresses its scaling issues with second-layer (Layer-2) solutions and can only manage a limited number of transactions on a single chain. The second key difference lies in user experience and integration. Toncoin's integration with Telegram allows users to use crypto without the hassle of specialized wallets, browser extensions, or long addresses. Ethereum-based applications, on the other hand, typically require external wallets like MetaMask, complex interfaces, and gas fee calculations. Furthermore, compared to transaction fees, gas fees on TON are much lower and designed to remain stable. In summary, while Ethereum is the leader among first-generation smart contract platforms, TON differentiates itself by offering a faster, cheaper, and more user-friendly alternative, offering a more mass-market solution. It's also worth noting that Ethereum has a more established ecosystem and a large developer community—though TON also has a rapidly growing ecosystem.How to develop an application on the TON network: Developing an application on the TON network involves several different paths for developers. First, you can develop decentralized applications (dApps) directly on the TON blockchain by writing smart contracts. TON offers specialized languages like FunC and Fift for smart contracts that run on its own virtual machine (TVM); higher-level languages like Tact are also available to simplify the developer experience. The second option is to use the Telegram Mini App platform. Telegram mini apps are lightweight applications that can interact with the TON blockchain. For example, after developing a Telegram bot or mini app, you can connect it to TON wallets using the TON Connect protocol. This allows you to write applications within Telegram that allow users to trade Toncoin, buy and sell NFTs, or perform other Web3 transactions. The TON Foundation provides comprehensive documentation, SDKs, and open-source sample projects to get you started. In short, you can contribute to the TON ecosystem by developing a smart contract or writing a Telegram mini app. The necessary tools and community support are readily available, even for beginners, on the TON developer portal. For more content on Toncoin and Web3 projects integrated with the Telegram ecosystem, follow our JR Kripto Guide series.
SUI Comment and Price Analysis August 4, 2025
SUI Technical AnalysisSUI can be analyzed according to two different scenarios. Analysis would be more convenient if it was analyzed from a short-term and wide-angle perspective. SUI is trading within an ascending channel from a wide angle, currently around the mid-border of the channel. It is also in a short-term accumulation process.It is clear on the chart that there occurs a sharp price rise following the trend breakout in short-term patterns. SUI has broken upwards after the accumulation period at around $2.69. Then the price surged to the level at $4.29, which has worked as a strong resistance level in the past. The next price target could be the zone around $4.98 - $5.11 if SUI can rise up to the level $4.29 and a breakout occurs afterwards. The price needs to hold above $3.59 if this rise is to continue, as this level serves as the previous resistance and as the current key support. We should be following the levels $3.32 and $2.94 as support in case of a pullback scenario. Price action between the levels at $3.59 and $4.29 could create an accumulation process in the short term. The direction of the breakout of this level could signal SUI's new trend. Wide Angle Rising Channel Structure Summary:• The price is trading close to the mid-range within a wide ascending channel pattern.• The short-term downtrend has been broken, and the $2.69 area has become strong support.• The $4.29 level is acting as strong resistance.• If stability above $3.59 is achieved, $4.98 - $5.11 can be targeted.• In case of pullbacks, support levels of $3.32 → $2.94 → $2.69 → $2.36 should be followed.• The $3.59 - $4.29 range can be considered an accumulation zone.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ZK Comment and Price Analysis August 4, 2025
ZK Current OutlookThe ZK chart clearly displays that the short-term falling wedge formation has broken upwards. The target of this formation, approximately around the $0.065 - $0.074 range, also coincides with the long-term falling trend line and horizontal resistance; that is, the price is about to complete the target of the formation and is approaching the multiple resistance zone.The coin is currently trading around $0.0510, and obviously the range between the levels $0.054 - $0.065 is forming a major resistance corridor. Thanks to the formation, the price could move up to this resistance level. However, it is too early to predict a strong breakout unless we see a price closing above the level at $0.065, since the price has been rejected here many times in the past. What’s more, this level coincides with the upper border of the descending channel and serves as a strong sell area.We should be following whether the price will hold above the level at $0.048 or not. Remember that this level is significant both as the previous resistance level and as a potential retest zone following the recent breakout. We can still expect the upward momentum to continue if the price finds support here. On the other hand, we should be following the support levels at around $0.046 and $0.041 below.The medium-term bullish scenario will be activated if the price closes above the level at $0.065 and the descending trend line gets broken. According to this scenario, the price could target the levels at $0.091, $0.13, and $0.19 respectively. Falling Trend Structure Summary:• The short-term falling wedge formation has broken upwards.• The target of the formation is the $0.065–$0.074 range.• This area also coincides with the long-term falling trend line and horizontal resistance.• Holding above $0.048 is critical for upward movement to continue• Resistance levels up: $0.054 → $0.065 → $0.074 → $0.091• Support levels below: $0.048 → $0.046 → $0.041• Mid-term targets in case of a breakout: $0.13 → $0.19These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ZRO Comment and Price Analysis August 4, 2025
ZRO Technical AnalysisWhen we analyze ZRO, we see that the coin is trading within a broad horizontal channel pattern, which represents both an accumulation process and a potential for a new formation. The price is currently trading at around $1.73, very close to the lower border of the channel.The first resistance level to follow is $2.08 in the short term, which serves as both horizontal resistance and mid-border of the channel. The coin needs to break above the level at $3.35 for confirmation of the upward breakout. Unless this threshold is exceeded, we cannot say that the channel is broken upward; therefore, the level at $3.35 stands as a major resistance.We will consider the channel formation technically broken with price closings above the level $3.35, and then the target would be the level at approximately $7.00 – as long as the channel length.We should be following the levels at $1.65 - $1.46 and $1.33 as support levels respectively in case of a pullback. Remember that these levels are key levels within the channel. Summary:• Price: $1.73, close to the channel lower band• First resistance level: $2.08• Main breakout level: $3.35• Formation target on closes above $3.35: approximately $7.00• Intermediate resistance levels: $4.06 → $4.34 → $5.37• Support levels: $1.65 → $1.46 → $1.33These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
XLM Comment and Price Analysis 3 August 2025
XLM/USDT Technical AnalysisWhen we analyze the XLM chart, we can clearly see that the long-standing descending channel pattern has broken upward. The price of the coin has surged to the level at $0.4785 with a strong upward momentum following the breakout we saw in early July. It is sad to see that the price has begun to pull back to the upper border of the channel due to the profit-taking recently. XLM Current Appearance It is seen that the price is currently trading around $0.3648; however, the range around the levels at $0.3774 – $0.3909 started to act as resistance as the price could not hold above this zone. We have the first short-term support level at $0.3416 in case of a fall scenario. Below this level, the price could test $0.3093–$0.2980 if the fall continues. We see that this price zone coincides with both the horizontal support zone and the previous breakout zone, which technically stands as a strong defensive line.It is possible that the price will recover back to the range around the levels at $0.39–$0.42 if buyers re-enter the market here. We need to see the price close above $0.4267 for the uptrend to continue.In terms of the formation, following the breakout of the channel, a new structure seems to be forming. Thus, it is important that we follow whether XLM will enter a trend again or a symmetrical structure.Based on the formation, a new structure tends to form after a channel breakout. Therefore, it's important to carefully monitor whether the price will re-enter a trend or a symmetrical structure.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
XRP Comment and Price Analysis August 3, 2025
XRP Technical AnalysisWe can clearly see the ascending channel pattern on XRP chart. The coin has moved around the upper half of the channel with a great uptrend since the month of June; however, due to the sell pressure recently, the uptrend has weakened, triggering an in-channel correction.XRP is currently trading around the level at $2.77, and we have the support range between the levels at $2.38 - $2.44 in case this sell pressure persists. This range is not only a support but represents a strong demand zone around the lower border of the channel. We technically expect that buyers will re-enter the market around this demand zone.In the event that XRP turns upwards, we will be following the levels at $2.93 and then the range at $3.13 - $3.42 as a resistance. Remember that these levels are crucial as they both worked as strong rejection area and also served as the support following the breakout.On the other hand, if XRP breaks below the support at $2.38, we may see a drop to the lower border of the channel, after which we should be following the next support levels at $2.18 and $1.90 respectively. Wide Rising Channel Structure Summary:Price: $2.77 (going through a correction within the ascending channel)Support zone: $2.38 – $2.44 (strong demand zone)Upward resistances: $2.93 → $3.13 → $3.42Downward risk: $2.18 → $1.90These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
LTC Comments and Price Analysis August 3
LTC Short-Term Technical AnalysisWhen analyzing the LTC chart, we see that there is a falling wedge pattern forming in the short term. As we all know from experience, such patterns generally end up breaking above. LTC is currently trading at around $105, stuck near the upper border of the formation.If we see a clear breakout above the upper border of the falling wedge formation, the technical formation target is moved upwards by the height of the wedge, which, in this case, makes the range $118.77–$120.00 a possible target. Resistance levels to follow:• $109.38• $110.73• $114.14• $118.77–$120.00 (formation target)In case the price breaks downwards, support levels to follow are:• $102.09• $97.09• $91.31 (key support level)These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ENA Comment and Price Analysis August 2, 2025
ENA Technical AnalysisENA has recently seen strong upward momentum, swiftly surging from $0.32 to $0.54 in a short period. This rapid price rise suggests that investors should be careful as it is approaching the horizontal resistance zone of $0.66–$0.71, which also intersects with the long-term downtrend.In other words, the technical target of the uptrend and the intersection of the long-term trend are located at almost the same level—a situation which suggests that, at this strong resistance area, investors could realize profits and the market’s direction could be reshaped.Technical Outlook:Current price: $0.5453First intermediate resistance in short term: $0.60–$0.62Main resistance: $0.66–$0.71(the zone intersecting with downtrend line)If broken above, the next target: $0.90Support levels in case of a pullback:$0.48 → $0.43 → $0.40 Current Appearance At this level, volatility and profit-taking are highly possible; however, if this momentum continues, the short-term target could be the price range of $0.66–$0.71.This resistance area also stands for the breakout point of the downtrend. If this level is broken upwards, the rise can be expected to accelerate further. In such a scenario, prices above $0.90 might become technically possible in the medium term.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ALT Comment and Price Analysis 2 August 2025
ALT Technical Analysis Narrowing Triangle Structure The price of the coin is trading within a narrowing triangle formation, the upper border of which is around the range between $0.0388–$0.0398. This range also acts as the upper border of the triangle and a strong horizontal resistance. We have an intermediate support level of $0.0345, and the main support levels are $0.0311 and $0.0299 below.When the price breaks above the level of $0.0398, then we can consider the triangle formation complete to the upside, and the first price target will be the level of $0.0447. If this level also gets broken with strong momentum, the technical middle-term target will be the level of $0.0539.Unless this triangle pattern is invalidated, the price could fluctuate between support and resistance levels. However, if the price starts trading below the level of $0.0299, the triangle formation will be ruined, and we could test the price level of $0.0266 again.Key Levels:Resistance: $0.0388–$0.0398Support: $0.0345 → $0.0311 → $0.0299Formation breakout target: $0.0539These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
ARB Comments and Price Analysis August 2, 2025
ARB Technical OutlookAnalyzing the ARB chart on a daily timeframe, we can clearly see the wide falling wedge formation, the beginning of which is too old to be seen even on this daily chart—suggesting that the pattern is truly long-term.ARB is trading around the level of $0.4298, with a rise to $0.50 in the last candle. In terms of a price increase, this action was important, yet we saw selling pressure and the rise could not continue.Currently, the levels at $0.4516 and $0.5046 are standing as short-term resistances. A daily close above $0.5046, in particular, could clarify the falling wedge breakout. The technical formation target of $2.4250 could come back on the agenda in the mid-to-long term.We should be following the levels at $0.3900, $0.3558, and the lower border of the channel at $0.2849 in case of a pullback. Weekly Falling Wedge Formation Summary:Price: $0.4298, $0.50 was tested with the latest candleFormation: long-term falling wedgeIn case of a breakout, the target is $2.4250Short-term resistance levels are: $0.4516 → $0.5046 → $0.5475In case of a pullback, the supports to follow are: $0.3900 → $0.3558 → $0.2849These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
Trump's New Tariffs Hit Crypto: A Liquidation Wave Ensues
Crypto markets had a rather stressful start to August. US President Donald Trump's announcement of new tariffs and the strengthening of the dollar unsettled investors. A sell-off in global markets saw cryptocurrencies bear the brunt of this pressure. The global crypto market capitalization fell approximately 4% to $3.74 trillion, with more than 183,000 investors liquidating and closing positions totaling $758 million.Bitcoin hits $114,000, Ethereum drops below $3,600Bitcoin's price fell to $114,200 following Trump's statements. Although it quickly recovered to above $115,000, volatility remained high. Ethereum (ETH), despite being one of last month's biggest gainers, traded in lockstep with BTC, falling sharply from $3,860 to $3,600. During this period, the dollar index (DXY) rose above 100, its highest level since May. This rise was supported by the global liquidity squeeze and the search for safe havens. According to CoinGlass data, this selling wave in the last 24 hours resulted in a total of $758 million in liquidations. Long positions comprised 93% of these liquidations, or $706.6 million. The largest single liquidation was a $13.79 million ETHUSD_PERP position on Binance. This suggests that many investors expected the bull run to continue in August, but the markets moved in the opposite direction.According to market data, Bitcoin recorded profits of between $6 billion and $8 billion at the end of July. This figure is on par with the peaks in March and December 2024 and indicates the third major wave of profit-taking in this bull cycle. New large investors (whales) are seen selling, particularly in areas above $120,000. Bitcoin is trading at $115,035 at the time of writing, while the fear and greed index is neutral.Altcoins are losing ground: DOGE, ADA, and SUI crashedAltcoins' losses have been even more severe. XRP and Solana prices have fallen by more than 7%, while Cardano (ADA) has lost 8% and SUI by 10%. Dogecoin (DOGE) fell 9% to $0.205. Ethereum, the largest altcoin, is trading at $3,627 with a 6% loss.CryptoQuant reports a boom in altcoin futures trading. While Bitcoin dominance has been flat, futures volumes for coins like Ethereum have increased significantly. ETH is up 170% from its recent lows and is only 23% from its peak. Meanwhile, BTC transactions below $10,000 have increased by 10% in the past month, indicating a resurgence of retail investor interest.Trump's new tariffs: Tensions rising in the global economyTrump's new tariff announcements have further escalated tensions in global trade. The US's imposition of a 10% minimum tariff on all countries, along with a 15% additional tax on countries with a trade surplus, has shaken markets. These developments have impacted not only cryptocurrencies but also traditional finance. S&P 500 futures fell nearly 1% Friday morning. Amazon shares also fell 8% in premarket trading after the earnings report fell short of expectations.The failure of major companies like Microsoft and Meta to satisfy investors despite their strong balance sheets has further weakened risk appetite. Meanwhile, today's US employment data is also critical for markets. Only 100,000 new jobs are expected in July, and the unemployment rate is projected to rise to 4.2%.Trump's aggressive economic moves and the Fed's decision to hold interest rates steady have left markets mired in uncertainty. Cryptocurrency investors are currently caught between two fires: concerns about inflation and interest rate policy on one side, and the re-escalation of global trade wars on the other. In the short term, volatility is expected to remain high, prompting cautious investment behavior.
