Author: Monicah W

Perpetuals, Made In USA coins, and meme coins are the top three crypto narratives to watch for the second week of March. Perpetuals tokens like HYPE and WOO are down over 12%, but strong trading activity and high revenue suggest a potential rebound.

Made In USA coins, including PI, ADA, and HBAR, have suffered major losses amid broader market turmoil, but the recovery could be near if market conditions stabilize. Meme coins have been hit hard, but their history of sharp rebounds suggests they could lead the next rally if sentiment shifts.

Perpetuals

Perpetuals coins appear to be setting up for a rebound after a rough week, with HYPE and WOO both down more than 12% in the last seven days. Perpetuals platforms are exchanges that allow traders to buy and sell perpetual futures contracts, which have no expiration date.

These platforms use a funding mechanism to keep contract prices aligned with the spot market while enabling traders to take long or short positions with leverage.

Despite the recent downturn in some perpetuals tokens, the sector continues to see strong activity, with high trading volumes and fees generated across key platforms.

Hyperliquid remains the dominant force in the perpetuals space, generating an impressive $12 million in fees over the past week, outperforming major DeFi apps like Jito, Maker, Solana, Ethereum, Raydium, and Pumpfun.

However, this level of dominance also suggests that the market has room for competitors to emerge and challenge its position. Arkham, for instance, has surged 14% in the last 24 hours. That signals that some traders are betting on alternative projects within the perpetuals ecosystem.

Overall, these trends make perpetuals one of the must-watch crypto narratives of the week.

Made In USA Coins

The biggest Made In USA coins have all suffered significant losses in the past week, with PI dropping 22.6%. ADA and HBAR both down 18.9%. Made In USA coins refer to cryptocurrencies that have strong ties to the United States, whether through their founding team or company headquarters.

This category includes projects that often attract regulatory scrutiny or benefit from US-based institutional backing. The latest downturn aligns with broader market weakness, as both the crypto and stock markets have been hit hard in the past 24 hours.

The US stock market saw a massive $4 trillion wipeout following Trump’s push for new tariffs. Given the scale of this correction, a potential rebound could be on the horizon if investors view the recent dip as an overreaction. That could positively impact crypto, driving a new surge.

Historically, sharp declines in both crypto and equities have been followed by strong recoveries, especially when macroeconomic fears subside.

While the downtrend remains intact for now, a shift in sentiment could trigger a bounce for Made In USA coins if market conditions stabilize.

Meme Coins

Meme coins remain one of the most volatile crypto narratives. They often experience the biggest surges during bullish phases and the sharpest corrections during downturns.

This volatility has been evident in the past week, as the biggest meme coins have taken a heavy hit. Dogecoin (DOGE), the largest meme coin by market cap, has dropped more than 17% in the last seven days.

TRUMP is down over 14%, and PEPE and BONK have both lost more than 10% during the same period.

However, if the crypto market stages a rebound this week, meme coins could see some of the strongest recoveries. Historically, these assets tend to outperform in fast-moving uptrends due to their speculative nature and the rapid inflow of retail interest.

The last major surges in meme coins occurred after broader market rebounds reignited hype and aggressive buying activity.

If sentiment shifts and liquidity returns, DOGE, TRUMP, PEPE, and BONK could quickly reclaim lost ground. That could potentially lead to another wave of explosive gains in the meme coin sector.

The post Top 3 Crypto Narratives to Watch For the Second Week of March appeared first on BeInCrypto.

Ethereum (ETH) is facing a sharp correction, dropping 11% over the past week as bearish momentum continues to dominate. The Relative Strength Index (RSI) remains weak, showing a lack of strong buying pressure, while the Directional Movement Index (DMI) confirms that sellers are still in control.

Additionally, the Exponential Moving Averages (EMA) are in a firmly bearish structure, suggesting that ETH could soon test critical support levels at $1,756 and potentially fall below $1,700 for the first time since October 2023.

ETH RSI Shows the Lack Of Buying Pressure

Ethereum Relative Strength Index (RSI) is currently at 34.4, recovering slightly after briefly dipping to 27.4 yesterday. The RSI has remained below the 50 mark for three consecutive days, signaling that bearish momentum is still dominant.

The RSI measures the speed and magnitude of recent price changes to assess whether an asset is overbought or oversold.

Typically, an RSI above 70 indicates overbought conditions, suggesting potential for a pullback, while an RSI below 30 signals oversold conditions, implying that selling pressure may be overextended and a bounce could be imminent.

With ETH’s RSI now at 34.4, it suggests that while the asset is still in bearish territory, the extreme selling pressure seen yesterday has eased slightly.

The brief dip below 30 signaled an oversold condition, which often leads to short-term relief rallies. However, for ETH to regain bullish momentum, the RSI would need to climb back above 50, indicating a shift in market sentiment.

Until then, any upward movement could face resistance, and the broader trend remains weak unless sustained buying pressure pushes ETH out of this bearish zone.

Ethereum DMI Shows The Current Downtrend Is Strong

Ethereum Directional Movement Index (DMI) chart shows that its Average Directional Index (ADX) is currently at 29.82, rising from 21.9 yesterday.

The ADX measures the strength of a trend, with values above 25 indicating a strong trend and readings below 20 suggesting a weak or nonexistent trend. Given the ADX’s sharp increase, it confirms that ETH’s ongoing downtrend is strengthening.

The +DI (positive directional index) has dropped to 15.4 from 23.1 in the past day, while the -DI (negative directional index) has surged to 37.8 from 27.3, reinforcing the dominance of sellers in the market.

With the -DI significantly above the +DI, it signals that bearish momentum is intensifying, and sellers continue to control ETH’s price action.

The decline in +DI suggests that buying pressure is weakening, making it more difficult for ETH to stage a recovery. Unless the +DI begins to rise and crosses above the -DI, ETH’s price is likely to remain under pressure.

Given that the ADX is nearing 30 and still climbing, the downtrend appears well-established, and any short-term relief rallies may face strong resistance before a meaningful trend reversal can occur.

Ethereum Is Still Struggling Below $2,000

Ethereum Exponential Moving Average (EMA) lines are displaying a strongly bearish setup, with short-term EMAs positioned below long-term ones.

This alignment confirms the continuation of downward momentum, with ETH having dropped over 11% in the last 24 hours. If the current trend persists, ETH could test the critical support at $1,756, a level that could determine whether further declines are imminent.

A breakdown below this support would expose Ethereum’s price to a potential drop below $1,700, a level not seen since October 2023, further reinforcing bearish sentiment in the market.

However, if ETH manages to reverse its downtrend, the first key resistance to reclaim would be at $1,996. A successful breakout above this level could trigger a stronger recovery, pushing ETH toward the next resistance at $2,320.

If bullish momentum accelerates, Ethereum could extend gains toward $2,546, a level that would mark a complete shift in trend structure.

For this to happen, ETH would need sustained buying pressure and a bullish EMA crossover, signaling a transition out of its current bearish phase.

The post Ethereum (ETH) Risks Falling Below $1,700 Amid Persistent Downtrend appeared first on BeInCrypto.

OKX pushed back against a recent article claiming that EU watchdogs were scrutinizing the exchange over its potential role in the Bybit hack. The firm received a MiCA license last month to meet EU compliance and claims that regulators are not investigating its services.

The latest allegations against the exchange were surprising as OKX proactively tried to cooperate in freezing the stolen money.

OKX Pushes Back Against Claims of EU Scrutiny

OKX, a leading crypto exchange, has been building its regulatory credibility as of late. Last month, OKX settled with the US Department of Justice to help normalize relations. It also recently secured a MiCA license to conduct business in the European Union.

Today, the exchange reacted to a recent Bloomberg article that claimed EU regulators were quietly scrutinizing it. In the article, Bloomberg referenced Bybit’s statement and described that EU regulators are ‘zeroing in’ on OKX’s Web3 services.

“The Bloomberg article is misleading. It is unfortunate Bybit’s statements are spreading misinformation among journalists. We want to clarify for our community that OKX is not being investigated. This is simply a case of Bybit’s lack of security know-how. Our web3 wallet services are no different than what is offered by other industry players,” OKX wrote on X (formerly Twitter).

A Bybit Misunderstanding?

On March 4, Bybit CEO Ben Zhou posted a breakdown of the Lazarus Group’s money laundering efforts, which were largely successful.

Also, Zhou claimed that 8% of the funds were laundered through a decentralized OXK wallet, and its President, Hong Fang, reached out to help. Zhou thanked her for this assistance.

However, this 8% of the stolen funds, which amounted to around $100 million, is at the center of the EU’s alleged scrutiny. Bloomberg reported that regulators are trying to determine whether OKX’s separate, decentralized Web3 service also falls under MiCA.

If so, the EU may even claim that OKX violated sanctions against North Korea.

All that is to say, this report doesn’t cite any new claims from Bybit except the exchange between Zhou and Hong. This interaction had a very cordial tone at the time, but OKX’s official statement is much more caustic today.

The firm absolutely refutes these claims and reiterates that Bybit was hacked because of its own security vulnerabilities.

“We will continue to help Bybit to strengthen the industry. But we absolutely refute the false claims by Bybit that are leading to misinformation about our role in what began as a serious security vulnerability on their exchange,” OKX wrote.

These claims are particularly concerning and don’t necessarily align with OKX’s proactive response after the hack. When the hack first happened, crypto sleuth ZachXBT specifically appreciated the firm’s willingness to help freeze stolen assets.

If this cooperation attracted regulatory scrutiny, some frustration is understandable. So far, Bybit hasn’t commented on any of these proceedings.

It’s important to remember that Bloomberg didn’t state that a criminal investigation was taking place, only that a confidential group of watchdogs was closely discussing the issue. It didn’t specifically touch on the actual laundering allegations.

The post OKX Claims Bybit Made Misleading Statements About Its Latest Hack appeared first on BeInCrypto.

XRP continues its decline, falling 10% over the past week as bearish momentum strengthens.

The fourth-largest cryptocurrency by market capitalization remains under pressure, with waning buying interest hinting at the possibility of further losses.

XRP’s Outlook Worsens as Buying Pressure Fades

Since reaching an all-time high of $3.40 on January 16, XRP has remained mostly within a descending parallel channel. This is a bearish pattern formed when an asset’s price moves between two downward-sloping parallel trendlines, indicating a downtrend.

When an asset’s price trades within this channel, it marks a period of decline during which sellers dominate, and buying activity is low. This has put significant downward pressure on XRP’s price in the past month. 

XRP currently trades at $2.11, exchanging hands below its 20-day exponential moving average (EMA). This key moving average measures the asset’s average price over the past 20 trading days, giving more weight to recent prices to reflect short-term trends. 

When an asset’s price falls below its 20-day EMA, it suggests that selling pressure is strong and the asset is in a bearish phase. This signals continued downside momentum for XRP unless buying interest increases to push the token’s price back above the EMA.

Further, XRP’s Chaikin Money Flow (CMF) is currently in a downtrend and is poised to breach its zero line. This indicator, which measures money flow into and out of an asset, is at 0.02 as of this writing. 

When an asset’s CMF attempts to fall below zero, it reflects the weakening buying pressure and increasing selling dominance. This suggests that money is flowing out of XRP rather than into it, reinforcing the bearish outlook. 

XRP Faces Bearish Pressure: Could It Crash to $1.47?

XRP risks dropping below $2 if new demand remains insignificant. In that scenario, it could plummet to $1.47, a low it last reached in November. 

On the other hand, if selling pressure wanes and XRP sees an uptick in buying activity, it could push its price past the resistance at $2.81 toward the $3.40 all-time high.

The post XRP Bears Dominate as Price Continues to Fall Further from January’s $3.40 Peak appeared first on BeInCrypto.

Solana (SOL) has faced intense selling pressure, recently dropping below $120 – its lowest level since February 2024. It has declined more than 38% over the past 30 days, reinforcing its bearish momentum.

With sellers firmly in control, SOL now faces a critical test of support levels, while any potential recovery would need to break through key resistance zones to signal a shift in momentum.

Solana Ichimoku Cloud Shows a Strong Bearish Setup

Solana Ichimoku Cloud shows that the price is currently trading below both the blue Tenkan-sen (conversion line) and the red Kijun-sen (base line), indicating that the short-term trend remains bearish.

The price recently bounced from a local low but has not yet reclaimed these key resistance levels. Additionally, the Ichimoku cloud (Kumo) ahead is red, reflecting bearish sentiment in the market.

The cloud itself is positioned well above the current price, suggesting that even if SOL experiences a short-term recovery, it will likely face strong resistance near the $130 – $135 region.

The positioning of the Tenkan-sen below the Kijun-sen further supports the bearish outlook, as this crossover typically signals downward momentum.

For any signs of a trend reversal, SOL would need to break above both of these lines and ideally enter the cloud, which would indicate a potential transition to a neutral phase.

Until then, the bearish cloud ahead and the current weak price structure suggest that any rallies may be temporary before the broader downtrend resumes.

SOL DMI Shows Sellers Are Still In Control

Solana Directional Movement Index (DMI) chart reveals that its Average Directional Index (ADX) is currently at 33.96, a significant increase from 13.2 just two days ago.

The ADX measures trend strength, and a reading above 25 typically indicates a strong trend, while values below 20 suggest a weak or non-existent trend. Given this sharp rise, it confirms that SOL’s ongoing downtrend is gaining strength.

The +DI (positive directional index) has dropped to 11.71 from 15.5 two days ago but has slightly rebounded from 8.43 yesterday. In contrast, the -DI (negative directional index) sits at 32.2, up from 25.9 two days ago, though slightly down from 35 a few hours ago.

The relative positioning of the +DI and -DI lines suggests that sellers are still in control, as the -DI remains significantly higher than the +DI.

The recent dip in -DI from 35 to 32.2 could indicate some short-term relief, but with the ADX climbing quickly, it reinforces that the prevailing downtrend remains intact.

The slight bounce in +DI suggests minor buying pressure, but it’s not enough to shift momentum in favor of bulls. Until +DI rises above -DI or ADX starts declining, SOL’s bearish trend is likely to persist, with sellers dominating price action in the near term.

Will Solana Fall Below $110?

Solana Exponential Moving Average (EMA) lines continue to depict a bearish trend, with the short-term EMAs positioned below the long-term EMAs.

This alignment suggests that downward momentum remains dominant, even though the price is currently attempting a recovery. If this rebound gains strength, Solana’s price could face resistance at $130 and $135, key levels that must be cleared for any potential trend reversal.

A successful break above these resistances could push SOL toward $152.9, a significant level that, if breached with strong buying pressure, might pave the way for a rally toward $179.85 – the price level last seen on March 2, when SOL was added to the US crypto strategic reserve.

However, if the bearish structure remains intact and selling pressure resumes, Solana could retest the $115 and $112 support levels, both of which have previously acted as key price floors.

A failure to hold these supports could open the door for a deeper decline, possibly pushing SOL below $110 for the first time since February 2024.

Given the EMAs’ current positioning, the downtrend remains in control unless Solana reclaims key resistance levels and establishes a bullish crossover, signaling a shift in market sentiment.

The post Solana (SOL) At Risk of Falling Below $110 After a 38% Monthly Drop appeared first on BeInCrypto.