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Yahoo
4 hours ago
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Aptos' APT Gains 6% With High-Volume Buying Amidst Wider Crypto Market Bounce
Aptos' APT token started to bounce back with the wider crypto market, establishing a strong uptrend from $3.84 to $4.08, representing an 8.85% range, according to CoinDesk Research's technical analysis model. Read more: The model showed that a clear support zone for APT formed around $3.87-$3.89, validated by high-volume buying. In recent trading, APT was 6.6% higher over 24 hours at around $4.096. The broader market gauge, the CoinDesk 20, was up 5.3% at publication time. Technical Analysis: Potentially strong support established at the $3.87-$3.89 zone with high-volume buying validation. Possible ascending channel formation with progressively higher lows at $4.012, $4.025, and $4.035. The resistance level was identified at $4.08-$4.10, and multiple tests suggested continued bullish pressure. Consolidation between $4.070-$4.090 indicates potential accumulation before next resistance test. Sign in to access your portfolio
Yahoo
4 hours ago
- Business
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BCH Stumbles at $467 After Triple Rejection, Ends Slightly Down Despite High-Volume Rebound
Bitcoin Cash (BCH) BCH is trading at $452.13, down 0.54% over the past 24 hours, after failing to breach the $467 resistance level across multiple tests, according to CoinDesk Research's technical analysis model. The token briefly surged near that level late on June 23, gaining nearly 3% during a high-volume spike, but was subsequently rejected twice more, reinforcing the significance of that barrier. A descending trendline formed during the corrective pullback, with lower highs establishing a bearish short-term tone. On the regulatory front, Federal Reserve Chair Jerome Powell announced that U.S. banks now have the freedom to determine their digital asset customer base without prior regulatory pre-approval. This policy shift effectively removes institutional adoption barriers and is considered a meaningful step toward greater integration of crypto within the traditional financial system. Technical Analysis Highlights BCH traded in a $19.76 range (4.4%) from $449.61 to $469.63 over 24 hours. At 22:00 on June 23, BCH surged nearly 3% on 79,485 volume units, setting resistance at $467. The $467 level was tested and rejected two more times, confirming strong overhead resistance. Support formed around $450 with significant volume accumulation between 15:00–16:00. A descending trendline of lower highs emerged following the initial spike, signaling bearish momentum. A V-shaped micro-trend formed during the final hour, with a bounce from $449.94 to $451.31. Volume spiked during the 18:17–18:19 drop and again on the 18:30–18:32 recovery. A short-term support zone developed near $450 after repeated successful retests. 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. Sign in to access your portfolio
Yahoo
4 hours ago
- Business
- Yahoo
TON Up 3% After Volatile Session, Establishing New Support Level
Following a period of volatility where prices swung between $2.72 and $2.93, strong buying emerged for toncoin TON at lower levels, according to CoinDesk Research's technical analysis model. The coin is up 3% in the last 24 hours, underperforming the CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, excluding stablecoins, memecoins and exchange coins — which has risen 5.5% in the same period of time. Technical Analysis • Price experienced a 7.59% swing between $2.72 low and $2.93 high over 24 hours. • Strong buying emerged with above-average volume (4.08M), establishing support around $2.75. • Steady uptrend formed with peak of $2.93 before consolidation in $2.89-$2.91 range. • Higher lows throughout the period indicate strengthening bullish momentum. • Resistance around $2.93 remains key level for potential breakout. • Small price correction, declining 0.27% from $2.91 to $2.90. • Significant downward volatility, reaching session low of $2.89. • Sharp recovery with above-average volume (58K+), pushing prices above $2.91 briefly. • The final 15 minutes showed consolidation between $2.90-$2.90, establishing new short-term support. • $2.90 level emerging as key psychological support area. 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
4 hours ago
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Litecoin Climbs 4% to Top $84, With ETF Odds Growing
Litecoin shook off last week's slump, rising 4% to an intraday high of $85.45 and then holding ground near $84. The move came on volume above its 20-day average, signaling conviction behind the breakout. An easing in global stress helped, with a supposed ceasefire between Israel and Iran. The next catalyst may be regulatory. The U.S. Securities and Exchange Commission is reviewing two bids for a spot Litecoin ETF. A green light to such a fund this year, to which Polymarket traders assign an 83% chance, would open LTC exposure to investors betting on crypto through traditional brokerages. Bloomberg analysts see a 95% chance of a spot LTC ETF approval. Litecoin's price burst through the $83.40 ceiling backed by 331,459 LTC being traded in a single hour, according to CoinDesk Research's technical analysis data model. LTC has since been bouncing between $84.00-$84.20 support and $85.30-$85.45 resistance. A descending intraday channel printed lower highs until buyers defended $84.20. Holding above $84 keeps $90 in play while a close below $84 risks a slide to $79.
Yahoo
11 hours ago
- Business
- Yahoo
Ether's Leverage-Driven Rally Faces Breakdown Risk, Matrixport Warns
Ether's ETH recent rally may be on shaky ground with one firm warning that last week's price surge was largely fueled by speculative futures positions instead of a bump in organic demand. In a note on Monday, Matrixport opined that 'leveraged traders have pushed [ETH's] price higher in the absence of fundamental support,' adding that this made the asset more susceptible to the 'outsized decline' the asset saw over the weekend. Ether slumped over 8% in a Saturday sell-off, leading losses among majors as traders reacted to the U.S. attack on Iranian nuclear sites in a surprise airstrike. The firm pointed to last week's sharp drop in ETH as evidence of this position-driven fragility and warned that elevated leverage levels could continue to pressure prices. At press time, ETH traded near $2,248 — down from last week's high above $2,400 — as derivatives data showed traders aggressively hedging downside risk. Options market signals echo that caution, as CoinDesk analyst Omkar Godbole noted over the weekend. According to data from Amberdata, ETH's 25-delta risk reversals — a measure comparing the cost of puts versus calls — have skewed negative across June to July expiries. This suggests investors are paying up for protection against downside volatility. QCP Capital further noted in a weekend market update that 'risk reversals in both BTC and ETH continue to show a preference for downside protection,' adding that long holders are actively hedging their spot 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
