# Support Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Support", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

ether.fi [ETHFI] eyes $0.40 next after an 11% rally – More gains ahead IF…

The article discusses a recent price rally for the ether.fi (ETHFI) token, which surged over 11% to trade at $0.37. Key technical indicators, including the reclaiming of the 20- and 50-day Exponential Moving Averages (EMAs), suggest strengthening bullish momentum. The uptrend is supported by strong spot market demand, evidenced by consecutive days of negative Spot Netflow, indicating more tokens are being withdrawn from exchanges than deposited—a sign of accumulation. A bullish crossover in the Directional Movement Index (DMI) further supports this positive outlook, with the potential for ETHFI to target the 100-day EMA near $0.40. However, the article notes caution in the derivatives market. Despite the spot rally, data shows significant outflows from futures positions and elevated perpetual sell volume, suggesting traders are using price strength to reduce exposure rather than open new long positions. This persistent selling pressure in derivatives poses a risk to the rally's sustainability. If it continues, ETHFI could potentially fall back to retest the $0.30 support level. The overall picture is one of conflicting signals: bullish momentum in the spot market versus cautious, selling behavior among derivative traders.

ambcrypto20h ago

ether.fi [ETHFI] eyes $0.40 next after an 11% rally – More gains ahead IF…

ambcrypto20h ago

PEPE outpaces DOGE but trails BONK – Here’s truth behind 14% rally

PEPE surged 14.06% in 24 hours to $0.00002808 with a $1.16B market cap, supported by a 49.6% rise in trading volume to $274.5M, indicating renewed market participation. Spot trading volume grew faster (80.46%) than futures volume (69.27%), suggesting fresh buying demand was a key driver, though futures open interest also increased. PEPE's performance lagged behind BONK's stronger volume growth but outpaced DOGE. Technically, PEPE rebounded from support at $0.0000231 and approached the $0.0000300 resistance level, with its RSI at 55.96 showing improved but not overheated buying strength. The token's ability to break above $0.0000300 will determine if it can target the next resistance near $0.0000400.

ambcryptoYesterday 16:01

PEPE outpaces DOGE but trails BONK – Here’s truth behind 14% rally

ambcryptoYesterday 16:01

XRP prints rare technical buy signal after weeks of downside – What’s different this time?

XRP has generated its first SuperTrend buy signal since mid-June, indicating a potential shift from recent downward pressure and a short-term regain of control by buyers. On-chain metrics present a mixed picture: holder losses have reached historic extremes with deeply negative MVRV ratios, a condition that often precedes a relief rally. However, a sharp spike in the Network Value to Transactions (NVT) Ratio suggests the price recovery may be outpacing underlying utility and network activity. Technically, XRP has defended a key support level near $1.0385, and the daily MACD shows bullish momentum is building. For a sustained bullish trend to be established, XRP must achieve a decisive breakout above the major resistance at $1.2352.

ambcryptoYesterday 19:03

XRP prints rare technical buy signal after weeks of downside – What’s different this time?

ambcryptoYesterday 19:03

Dogecoin: Examining how traders can react to DOGE’s $0.08 move

Dogecoin (DOGE) shows signs of recovery, reclaiming the $0.075 level after defending key support at $0.07 with three consecutive days of gains. Increased buying activity is evident, with spot market accumulation and a rise in futures inflows suggesting improved trader sentiment and a potential trend reversal. Key momentum indicators like the RSI have turned upward from oversold territory, and DOGE has reclaimed its 9-day moving average. For the recovery to continue, sustained buying pressure is needed to challenge resistance near $0.079 and $0.08. However, a decline in demand risks triggering futures liquidations, which could push the price back below $0.07.

ambcrypto2 days ago 15:02

Dogecoin: Examining how traders can react to DOGE’s $0.08 move

ambcrypto2 days ago 15:02

Ethereum traders, watch THIS closely after $26M whale shift because…

Ethereum has been trading narrowly around $1,600 after dropping to $1,510. Currently at $1,622, its muted price action has led to mixed investor sentiment. A notable whale, Satofashi, moved 16,842 ETH (worth $26.87 million) to an exchange. This whale had accumulated 91,945 ETH at an average price of $1,749 during a period when ETH traded around $2,100. While the transfer could indicate repositioning rather than a full sale, it coincided with a broader trend of positive exchange netflows, meaning more ETH is entering exchanges. Despite this potential selling pressure, ETH's price showed resilience. Technical indicators like the MACD formed a bullish crossover, and the BvB indicator turned positive, suggesting bearish momentum is easing. This points to a potential recovery toward $1,777. However, the situation remains at a crossroads. Sustained exchange inflows from large holders could renew selling pressure, risking a retest of the $1,500 support level.

ambcrypto2 days ago 03:02

Ethereum traders, watch THIS closely after $26M whale shift because…

ambcrypto2 days ago 03:02

Viewpoint: Why is Bitcoin Still Struggling to Break Above $60,000?

Bitcoin continues to struggle to decisively break above the $60,000 level, largely trading between $58,000 and $61,000. Three main pressures are identified for this consolidation. First, US spot Bitcoin ETFs experienced their worst month of net outflows in June, weakening institutional buying support. Second, the expiry of a massive batch of Bitcoin options around $100 billion on Deribit around June 26 created crowded trading and hedging activity near the $60,000 strike price, amplifying volatility. Third, a more hawkish Federal Reserve stance and resilient US economic data have tempered expectations for rapid interest rate cuts, strengthening the dollar and weighing on risk assets like Bitcoin. The current technical picture suggests a tug-of-war within a range. Key resistance is seen at $62,000; a sustained move above this level is needed to confirm a stronger recovery. On the downside, support lies around $58,000, with a break potentially opening the door to a test of the $55,000-$56,000 zone. For Bitcoin to sustainably reclaim $60,000 as support, a reversal in ETF fund flows, a more favorable macro environment, and a clear technical breakout above $62,000 are likely required. Until then, $60,000 remains a significant price barrier.

marsbit07/02 03:56

Viewpoint: Why is Bitcoin Still Struggling to Break Above $60,000?

marsbit07/02 03:56

Worldcoin corrects nearly 50% in two weeks—but here’s why bulls remain hopeful

Worldcoin (WLD) has experienced a sharp correction of nearly 50% over the past two weeks, falling from $0.7229 to $0.3686. This decline was accompanied by significant liquidations, with over $8 million in WLD long positions liquidated recently. Despite the severe pullback, technical analysis suggests reasons for cautious bullishness. The price drop has brought WLD into a key Fibonacci retracement zone (61.8%-78.6%), and while short-term indicators are bearish, the higher timeframe trend structure remains upward. Key support levels to watch are $0.333 and $0.348. The article concludes that while buyers have an opportunity to resume the uptrend, a move back above $0.416 would provide a safer entry signal, contingent on Bitcoin not entering a broader sell-off.

ambcrypto07/02 03:32

Worldcoin corrects nearly 50% in two weeks—but here’s why bulls remain hopeful

ambcrypto07/02 03:32

Why LAB crypto’s 34% crash has traders watching THIS support

LAB crypto experienced a sharp 34% crash to $9.00, driven by the unwinding of excessive leverage and concerns over upcoming token unlocks and concentrated ownership. Despite a 121% surge in daily trading volume to $58.71 million, market activity was dominated by position closures, with Open Interest falling 23% to $130.39 million, indicating a broad reduction in speculative exposure without significant new buying. The price is now testing a crucial support level at $7.65, with the MACD indicating strong bearish momentum. A breakdown below this support could target the next major level near $4.00. Persistent negative funding rates confirm that short sellers remain in control of the derivatives market, sustaining the bearish pressure. The token's near-term outlook hinges on whether buyers can successfully defend the $7.65 support zone.

ambcrypto07/02 03:02

Why LAB crypto’s 34% crash has traders watching THIS support

ambcrypto07/02 03:02

Zcash whale opens $8.1M long position: What’s next as ZEC struggles near $400?

Zcash (ZEC) is struggling to hold the $400 price level, currently trading around $399 after recent volatility. Despite this market weakness and a bearish technical structure, significant whale activity has emerged. A large whale deposited $10.12 million into HyperLiquid and opened an $8.1 million long position on ZEC. This aligns with a rising Long/Short Ratio, indicating growing trader optimism for price gains. However, ZEC remains below key moving averages, and momentum indicators suggest strong downside pressure. If whale demand fails to spark an upside, ZEC could fall toward $336. Conversely, if it triggers short liquidations, the price could hold $400 and rally toward $452.

ambcrypto07/02 02:01

Zcash whale opens $8.1M long position: What’s next as ZEC struggles near $400?

ambcrypto07/02 02:01

VELVET stalls at $2—How deep could the current pullback go?

Velvet (VELVET) experienced a bullish push above the key $2.00 resistance on June 29, reaching a high of $2.17, fueled by partnership news with Aerodrome Finance. However, momentum has since slowed, with an 11.5% price correction in 24 hours and a 27.1% drop in trading volume. Technical analysis shows mixed signals. While the On-Balance Volume (OBV) indicates sustained buying pressure, the Chaikin Money Flow (CMF) has turned negative, signaling significant capital outflows and short-term distribution. The overall structure remains bearish on the 1-day chart, though the recent correction found support at the 20-day moving average. Market data suggests the current pullback represents controlled selling pressure rather than a full trend reversal. Key supports to watch are the $2.00 level and the 20-day moving average near $0.75. The risk-to-reward ratio for new long positions is currently unfavorable, but the steady spot Cumulative Volume Delta (CVD) and funding rate indicate underlying bullish strength. Traders may consider using a deeper pullback as a potential buying opportunity.

ambcrypto07/02 01:32

VELVET stalls at $2—How deep could the current pullback go?