Latest news with #CoinDeskResearch
Yahoo
13 hours ago
- Business
- Yahoo
Avalanche's AVAX ‘Breakout Finally Happened' After 30% Monthly Price Jump
Avalanche's AVAX token rallied 30% in the past month, showing strong momentum and outperforming bitcoin (BTC), which rose around 13.4% over the same period. In the last 24-hour period, AVAX's price dipped around 0.5% to $23.63, but moving the timeline to 30 days shows a major 30.3% rise, slightly outperforming the wider crypto market as measured by the CoinDesk 20 (CD20) index, which rose 30.1%. During the rise, AVAX's volatility was accompanied by above-average volume, according to CoinDesk Research's technical analysis model. This kind of price action, where buyers step in quickly at key levels, suggests a growing confidence among traders. The token has recently exited a multi-month descending channel, a technical pattern many traders interpret as a bullish reversal. Some market analysts, including OKX-partnered trader Ted Pillows, have floated $32 to $35 as a possible short-term target, citing improved sentiment and chart structure. Per Pillows, the 'AVAX breakout has finally happened.' AVAX's steady climb also comes amid a broader rebound in decentralized finance (DeFi) activity. Total value locked on its protocols, measured in AVAX, has risen from 37 million tokens in early 2025 to around 76.4 million, according to DeFiLlama data. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
5 days ago
- Business
- Yahoo
ICP Climbs With Broader Crypto Rally, Holds Gains Above $5.50
Internet Computer (ICP) moved higher in tandem with a broad-based crypto market surge, climbing 1.89% $5.5354 after peaking at around $5.65 early on Wednesday. As capital rotated into altcoins following gains in bitcoin and ether, ICP followed suit with a 7% upswing, driven by early bullish momentum and strong support at the lower end of its range. The 24-hour window spanning July 15 at 15:00 UTC to July 16 at 14:00 UTC saw ICP fluctuate within a $0.39 range. Volume during this rally exceeded 964,000 units, indicating robust participation from both large and small buyers as the altcoin sector gained steam. After peaking, ICP transitioned into a sideways consolidation phase between $5.50 and $5.58. Two failed attempts to break above the $5.64–$5.66 resistance zone confirmed short-term exhaustion, according to CoinDesk Research's technical analysis data model. The token remained well bid near $5.52, where fresh demand consistently consolidation reflects similar dynamics seen across Layer 1 tokens, which are seeing profit-taking after multi-session gains but maintaining higher support zones. ICP's ability to hold steady in a tightening range mirrors the broader market's pause after a strong leg up. If bullish sentiment across the crypto market continues, ICP may challenge the $5.60–$5.66 resistance band again, supported by steady inflows and its strong positioning in the decentralized computing narrative. Technical Analysis Highlights ICP climbed 7% from $5.28 to $5.66 before consolidating in a $0.39 range. Early rally supported by 964K+ volume, matching broader altcoin strength. Resistance firmed at $5.64–$5.66 with two rejection attempts. Price stabilized in a $5.50–$5.58 channel for much of the session. Support formed around $5.52; buyers consistently defended this level. ICP rebounded from $5.50 to $5.53 in the final hour on 19.8K+ volume. Market structure remains bullish above $5.50 amid macro crypto strength. Current price: $5.5354, up 1.89% on the day. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
PEPE Falls 3% as Heavy Selling Overwhelms Bounce Attempts Despite Whale Accumulation
PEPE shed nearly 3% in the past day as traders dumped tokens in unusually high volumes, underscoring renewed anxiety in the cryptocurrency space and significant profit-taking. PEPE fell 3% with volatility hitting 7.74%, according to CoinDesk Research's technical analysis data model. The token saw peaks of $0.00001268 before tumbling to session lows around $0.00001169 early in the day. While prices briefly bounced, the rebound stalled quickly, leaving PEPE pinned near resistance around $0.00001206. The massive 24-hour trading volume, exceeding 3.47 trillion tokens, points to large liquidations or rapid repositioning by traders. It comes amid a broader market sell-off that has seen the CoinDesk 20 (CD20) index drop by 2.95% in the last day, while the CoinDesk Memecoin Index (CDMEME) receded 3.9%. Yet whale accumulation appears to remain robust. Data from Nansen shows that over the past seven days, PEPE whales on Ethereum added 1.4% to their holdings, which now total 305.26 trillion PEPE, while funds on exchanges dropped by 1.14% to 251.2 trillion. PEPE's performance over the past 24 hours underscored the intensity of the market's bearish tilt. The token dropped 3%, weighed down by relentless selling. Trading remained volatile, with prices swinging across a range of $0.00000980 and posting intraday volatility of nearly 8%. Bulls briefly pushed prices to $0.00001268 at one point, but strong resistance emerged at the $0.00001267 level. From there, sellers steadily took control, driving prices to a session low of $0.00001169. Though PEPE managed a modest rebound, climbing from $0.00001210 to as high as $0.00001217, momentum fizzled quickly. The coin settled near $0.00001206, now acting as a resistance zone, suggesting the market remains in consolidation rather than reversing its slide. Trading volumes soared beyond 3.47 trillion tokens, highlighting the scale of activity as traders reacted to shifting price levels. Until PEPE can hold above key resistance and absorb selling pressure, its trend appears locked in a bearish pattern. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
6 days ago
- Business
- Yahoo
Filecoin Plunges 6% as Selling Pressure Increases, Crypto Market Retracts
Filecoin (FIL) crashed 5.6% in the 24-hour trading session from July 14 10:00 UTC to July 15 09:00 UTC, sliding from $2.66 to $2.51, according to CoinDesk Research's technical analysis model. The model shows that the token posted a volatile 7.52% intraday movement. The slump in token of the decentralized storage network came as the wider crypto market also fell, with the broader market gauge, the CoinDesk 20, recently down 3.8%. Filecoin recently announced a partnership with blockchain Avalanche, aimed at optimizing smart contract handling and data storage. In recent trading, FIL was 5.6% lower over 24 hours, trading around $2.51. Technical Analysis: Price tumbled from $2.66 to $2.51, posting 5.6% decline Resistance solidifies at $2.66 level with support forming around $2.50. Heaviest selling pressure hits July 14, 14:00-03:00 UTC window as price cascades from $2.65 to $2.46. Volume patterns show elevated activity during decline phases, particularly July 15, between 02:00-03:00 UTC, with volumes topping 6.3 million. Two-phase movement pattern features initial consolidation followed by upward momentum starting 09:01 UTC. Institutional interest emerges at lower levels with volumes exceeding 71,000 at 09:19 UTC. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
11-07-2025
- Business
- Yahoo
PEPE Jumps 14% as Whales Pile In, Bitcoin Breaks $118K in Broad Crypto Rally
The price of PEPE (PEPE) shot up 14% over the last 24 hours, driven by large-scale buying and a broader rebound across the cryptocurrency space that saw bitcoin (BTC) top the $118,000 mark. The token surged from $0.000011141 to $0.000012812, adding fuel to a sector that thrives on online hype and sudden bursts of trading. While the broader CoinDesk 20 (CD20) index rose 7.3% in the last 24-hour period, the CoinDesk Memecoin Index (CDMEME) is up 11.3% in the same period. Behind the spike was also whale activity. Data from Nansen shows that the top 100 addresses holding PEPE have added more than 1% to their holdings just in the past day, to 304.1 trillion PEPE, while exchanges holdings have kept on dropping. Over the past month, the top 100 PEPE addresses grew their holdings by 2.3%, while the total amount of tokens held on exchanges dropped by 2.17% to 252.2 trillion. Technical signals hint at sustained momentum for PEPE. During the rally, the token traded in an 18% range between lows of $0.000009823 and highs of $0.000013068. A key resistance level emerged at $0.000012482, with price reversals happening there on heavy volume, according to CoinDesk Research's technical analysis data model. Meanwhile, solid support held near $0.000011013 as traders bought dips aggressively. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
