Author: Monicah W

BONK has experienced a notable price rise recently, helping investors recover much of their earlier 2025 losses. 

Despite this progress, the altcoin still has significant ground to cover before fully reversing the year’s downturn. Positive signals from investors and market indicators suggest a rally may be on the horizon.

BONK Nears Bullish Trigger

Technical analysis reveals BONK is approaching a Golden Cross, as the 50-day EMA nears overtaking the 200-day EMA. This crossover is widely regarded as a strong bullish signal, often triggering upward momentum.

For BONK, this event could mark the end of nearly four months of bearish pressure and kickstart a sustained price increase.

Investors are increasingly optimistic, with growing confidence reflected in trading volumes and sentiment. The anticipation of the Golden Cross is fueling buying interest, which is expected to amplify bullish momentum and help BONK reclaim lost value.

The Chaikin Money Flow (CMF) indicator supports this optimism, showing consistent capital inflows into BONK over recent weeks.

These strong inflows suggest investors are actively accumulating BONK, further strengthening its price foundation. The broader crypto market’s positive trends enhance this momentum, positioning BONK to benefit from growing demand.

As market confidence rises, BONK is likely to continue attracting investments, providing the fuel necessary to sustain its rally. The alignment of bullish technical indicators and market dynamics reinforces the probability of further gains in the near term.

BONK Price Has A Long Way To Go

Currently, BONK trades at $0.00002130 and faces resistance at $0.00002285. To fully recover the losses recorded since the start of 2025, BONK must climb approximately 77%, reaching $0.00003769.

Although this target may take time, the immediate focus is to breach and hold $0.00002748 as support.

Securing this support level is crucial for maintaining the bullish trajectory. If BONK successfully flips $0.00002748 into a support zone, it will likely continue its upward climb, gradually working toward higher price points and restoring investor confidence.

Conversely, failure to hold the $0.00002285 resistance could trigger a reversal. A drop below $0.00001995 and further to $0.00001779 would undermine the bullish outlook, potentially leading to renewed selling pressure and a return to bearish conditions.

The post BONK’s Upcoming Golden Cross: Will It Spark a 77% Price Rally? appeared first on BeInCrypto.

Celestia (TIA) has struggled to break out of a three-month-long persistent downtrend, with several unsuccessful attempts to sustain gains above key resistance levels. 

This suggests a market lacking strong conviction, with investors hesitant to push the altcoin into a clear upward trajectory.

Celestia Finds Support From Investors

The Chaikin Money Flow (CMF) indicator has shown a modest increase recently but remains just below zero. This implies that while capital inflows are present, overall investor confidence is tentative.

Buyers seem to be attracted by TIA’s relatively low price, yet the momentum isn’t strong enough to decisively break the downtrend.

The CMF’s failure to climb above zero signals lingering caution and suggests that traders are only cautiously entering positions. This tentative interest may result in heightened volatility unless broader market support emerges.

The Relative Strength Index (RSI) spiked briefly into bullish territory but has since retreated below the neutral 50 level. This pattern points to fragile bullish momentum, likely hampered by selling pressure or external market uncertainties.

The drop below 50 reinforces the notion that TIA’s price recovery is precarious. Without renewed buying strength, it faces difficulty overcoming resistance and may continue to languish in subdued trading ranges.

TIA Price Aims To Jump

Currently trading around $2.54, TIA is testing a critical support level at $2.53. This level is pivotal for stabilizing price action and preventing further losses, especially after failing to surpass the $3.00 resistance during its prolonged downtrend.

A significant upward breakout appears unlikely for now. However, if support at $2.53 holds, TIA might consolidate, potentially building momentum to retest the $3.00 resistance after breaching $2.73.

Conversely, a decisive break below $2.53 could intensify bearish pressure, pushing the price down toward $2.27. Such a move would invalidate short-term bullish prospects and increase downside risks.

The post Celestia’s 3-Month Downtrend Continues as TIA Falls 10% Again – What’s Next? appeared first on BeInCrypto.

The Sui blockchain is under growing scrutiny after backing a controversial proposal from DeFi platform Cetus Protocol to recover $162 million in frozen assets.

This decision follows a May 21 incident in which Cetus lost over $223 million to a hacker. In response, more than a third of Sui validators froze a portion of the stolen assets by refusing to process transactions from two wallets believed to be tied to the attacker.

Sui’s Support for Cetus Plan Raises Questions on Decentralization

Cetus offered the hacker a $6 million bounty to recover the remaining funds. However, the offer has drawn sharp criticism from community members who argue it is too low.

At the same time, Cetus is pushing for a protocol upgrade to return the frozen funds. The proposal aims to achieve this without altering historical blockchain records or rolling back transactions.

While this approach is framed as a compromise, it has triggered debates over the integrity of Sui’s decentralization.

Meanwhile, the Sui Foundation has agreed to support an on-chain vote but stated it will remain neutral and abstain from participating.

“Earlier today, Cetus called for a community vote on a protocol upgrade to return the frozen funds, without rolling back chain history or reversing transactions. This is an extraordinary request in response to extraordinary need–Cetus’s customer funds are at stake. After consideration, we support their call for an on-chain vote,” Sui stated.

The Foundation also stated that Cetus must use all its available financial resources to compensate affected users until it repays all losses.

Critics warn that freezing smart contracts can be problematic even without reversing the chain. They argue that censoring transactions may also undermine the principle of blockchain immutability.

Sui’s Bounty Offer Draws Outrage

Meanwhile, the Sui Foundation’s decision to offer a $5 million reward has sparked further controversy. The bounty targets anyone who can provide information leading to the hacker’s identification.

On-chain investigator ZachXBT called the bounty “vague” and unhelpful. He argued that such offers only pay upon success and fail to compensate the significant time and effort that investigators invest upfront.

Yu Xian, co-founder of blockchain security firm SlowMist, also criticized the offer. He warned that unless a hacker willingly returns the funds or faces pressure to do so, investigators often end up in prolonged chases with little hope of resolution.

“The investment cost of tracking services is very uncertain, such as threat intelligence cooperation network resource coordination, stolen user communication, law enforcement communication, investigation and evidence collection, evidence fixation, negotiation promotion, analysis reports, etc. If there is no upfront cost or deep enough cooperation resources to guarantee, it is difficult to continue to advance,” Xian added.

The post Sui Faces Backlash Over Controversial $162 Million Recovery Plan for Cetus appeared first on BeInCrypto.

Pi Network (PI) has recently faced a challenging period in its price action. After dipping below the $1 mark, the altcoin’s recovery appears to be losing momentum. 

Unlike previous rebounds, current market conditions suggest that Pi Network might find it more difficult to regain the $1.00 price level.

Pi Network Is Losing Traction

The Average Directional Index (ADX) currently sits at 32, which is notably above the 25 threshold. This reading indicates that the prevailing trend is gaining strength. In this case, Pi Network’s trend is downward, reinforcing bearish sentiment among traders and investors.

Further evidence of this strengthening downtrend is visible through the Parabolic SAR indicator. The dots are positioned above the candlesticks, a classic signal that the price is likely to continue falling. Such technical indicators often prompt cautious trading behavior and can increase selling pressure.

Pi Network’s price has shown a weakening correlation with Bitcoin, currently measured at 0.25 and steadily declining. This low and falling correlation suggests that PI is starting to behave more independently rather than mirroring Bitcoin’s movements.

This decoupling is significant because Bitcoin recently set a new all-time high (ATH) and may continue to rise. However, Pi Network is less likely to capitalize on Bitcoin’s bullish momentum, given its diverging price dynamics.

The falling correlation implies that PI could struggle to follow Bitcoin’s upward trajectory.

PI Price Aims For A Rally

At its current price of $0.77, Pi Network would need to rise approximately 28% to reach the $1.00 mark again. Given the indicators pointing to a strengthening downtrend and weakening correlation with Bitcoin, this price target seems ambitious in the near term.

Heightened bearishness may erode investor confidence, leading to increased selling. Should the price break below the critical support level of $0.71, Pi could face a further decline, potentially sliding down to $0.61. Such a drop would deepen the bearish outlook.

On the other hand, if broader market conditions improve, Pi Network might break through resistance levels at $0.78 and $0.87. Surpassing these points could invalidate the current bearish thesis and pave the way for a renewed push toward the $1.00 price target.

The post PI Decouples from Bitcoin as Recovering Above $1 Looks More Difficult appeared first on BeInCrypto.

Crypto whale James Wynn has made headlines again after dramatically increasing his Bitcoin exposure. He placed a $1.2 billion long position on Hyperliquid, a decentralized derivatives exchange.

This comes shortly after he closed out positions in Ethereum, Sui, and PEPE. The move signals a strategic shift toward Bitcoin as the market rallies.

Crypto Whale Exits Altcoins to Place $1.2 Billion Leveraged Bet on Bitcoin

On May 24, blockchain tracker Lookonchain revealed that Wynn had opened a 40x leveraged position totaling 11,588 BTC, worth approximately $1.25 billion. His liquidation level is set at $105,180.

This move extends a series of aggressive Bitcoin trades Wynn began earlier in the week. On May 21, he opened a long position worth $830 million, from which he took a $400 million profit on the same day.

Since then, he has reloaded his position to over $1 billion as Bitcoin’s price climbed over the past two days.

Over the past week, Bitcoin price jumped to a new all-time high of more than $111,000—its highest point since January.

The surge has been fueled by rising institutional interest and continued inflows into spot ETFs, driving renewed optimism across the crypto space.

Meanwhile, Wynn appears confident that the rally has more room to run. He projects BTC could climb to between $118,000 and $121,000 in the near term.

“[My prediction is that Bitcoin gets to] $110,500 today. [It should trade between] $118,000 – $121,000 next week,” he stated.

His conviction is grounded in experience as he reportedly made $46 million over a two-month stretch by using leverage between 5x and 40x.

Moreover, he also shared a screenshot on the social platform X showing that his latest Bitcoin long bet was up 13.4%. This means that the position had generated around $4.2 million in unrealized profit.

Still, his track record has its blemishes. He recently closed his positions in Ethereum and Sui with a combined loss of $5.3 million. However, he offset those setbacks with a $25.19 million gain on a trade involving PEPE.

The post Bitcoin Whale Doubles Down With $1.25 Billion Long Bet on Hyperliquid appeared first on BeInCrypto.