Ethereum price broke and consolidated below the $2,500 level on Tuesday, May 20, aligning with the tepid momentum in the broader crypto market. Key technical indicators shows that ETH price could be at risk of massive liquidations if the $2,300 support caves. Ethereum (ETH) Halts Below $2,500 as Market Awaits Further Signals Ethereum (ETH) price stagnated below $2,500 on Tuesday, down 1.8% from its recent weekly high. According to CoinGecko, ETH briefly touched $2,588 intraday before retreating to $2,482 at press time. Ethereum (ETH) Price Action | Coingecko This cooling mirrors the broader altcoin sector, where only Solana (SOL) and Tron (TRX) posted considerable gains, up 1.7% and 2.3%, respectively. With the Trump-China trade deal facing new hurdles and institutional sentiment uncertain, many investors are awaiting the U.S. Fed’s June rate decision and the SEC’s pending verdict on altcoin ETF applications slated for June 16. Ethereum Technical Analysis: Parabolic Moves… Read More at Coingape.com
Since peaking at an intraday price high of $0.0000176 on May 12, the leading meme coin, Shiba Inu (SHIB), has witnessed a 33% decline.
Due to the coin’s lackluster performance, on-chain data reveals that a significant portion of SHIB holders are currently at a net unrealized loss, signaling a state of capitulation in the market. What does this mean for investors?
SHIB Bleeds as 87% of Addresses Now ‘Out of the Money’
According to Glassnode, SHIB’s Net Unrealized Profit/Loss (NUPL) metric shows that the meme coin is firmly in the capitulation zone.
SHIB Net Unrealized Profit/Loss. Source: Glassnode
The NUPL metric measures the difference between all holders’ total unrealized profits and unrealized losses relative to an asset’s market cap. It offers insight into whether the market, on average, is in a state of profit or loss.
Per Glassnode, market participants are in capitulation when an asset’s NUPL is negative. This occurs when the total unrealized losses in the market exceed unrealized gains, suggesting that most holders are underwater. It reflects a period of loss where investors either panic sell or hold in distress.
IntoTheBlock’s Global In/Out of the Money confirms this bearish sentiment. At press time, the metric shows that over 87.34% of all SHIB holders are currently “out of the money.”
SHIB Global In/Out of the Money. Source: IntoTheBlock
An address is considered “out of the money” when the current market price of the asset it holds is lower than the average acquisition cost of the tokens in that address. This means the holder would incur losses if they sold their assets at the market price.
SHIB Capitulates—But Is a Price Bottom Closer Than It Looks?
Historically, negative NUPL readings mark the late stages of a bearish cycle. It usually precedes a price bottom and eventual rebound in an asset’s price. This happens for two reasons.
First, when many holders are sitting on losses, they are often unmotivated to sell. Instead, they choose to wait for a recovery to break even. This behavior reduces selling pressure, which can help stabilize the asset’s price over time. As volatility declines and the price begins to consolidate, it creates conditions that encourage fresh SHIB buying and potentially drive the price upward.
Also, periods of capitulation tend to flush out “weak hands” while paving the way for “diamond hands” (more confident, long-term investors) to enter the market. These more resilient buyers accumulate during market distress, bringing in capital that could support a bullish price reversal.
Will SHIB Reclaim Higher Ground Above $0.000012?
At press time, SHIB trades at $0.00001180. If selling pressure wanes and fresh buying resumes, it could propel the meme coin past the immediate resistance at $0.0000198. A breach of this price barrier could propel SHIB toward $0.00001362.
However, if bearish pressure strengthens and the decline continues, SHIB’s price could fall to $0.00001105.
Adding to the short-term bearish outlook is SHIB’s declining burn rate. Over the past day, this has dropped by 92%. As fewer tokens are being taken out of circulation, it makes it harder for SHIB’s price to rally in the absence of new demand.
In the past couple of years, the Solana price has displayed significant strength, recording 8 bullish months compared to 4 months of loss. The memecoin mania that broke out over the Solana network has kept the trading activity elevated. Besides, Axiom exchange surpasses Pumpfun to become the top revenue-generating protocol on Solana over the past 7 days. Moreover, Solana DApps accumulated more than $162 million in revenue in April, hinting towards a growing ecosystem.
In the times when Solana has been outperforming every other chain in revenue generation for Q1 2025, will SOL price outpace the top tokens and demonstrate a mammoth price action in Q2 2025?
Regardless of the short-term hindrances, the Solana price has been maintaining a strong bullish trend in the long term and flashing massive bullish signals. The price is trying hard to recover and enter the rising parallel channel that it had lost during the recent bearish action. Meanwhile, the weekly CMF, which dropped below 0 for the first time since 2023, has triggered a bullish divergence and is working hard to rise within the bullish range.
On the other hand, the MACD is also supporting a bullish narrative, with the indicator showing a drop in the selling pressure and the levels heading towards a bullish crossover. Therefore, the Solana price is expected to consolidate around $145 for a while as the weekly volume has dropped significantly. Once the volume breaks out, the Solana price is expected to revive a strong upswing and enter the channel that may further help in achieving higher targets, probably at $200.
The post Solana Builds a Bullish Case to Reach $200-Here’s How it May Trigger a 20% Upswing to Reach $180 This Month appeared first on Coinpedia Fintech News
In the past couple of years, the Solana price has displayed significant strength, recording 8 bullish months compared to 4 months of loss. The memecoin mania that broke out over the Solana network has kept the trading activity elevated. Besides, Axiom exchange surpasses Pumpfun to become the top revenue-generating protocol on Solana over the past …
Bitcoin may be on the edge of a breakout, as the highly anticipated Bitcoin 2025 Conference kicks off May 27 in Las Vegas. While traders set their sights on a potential all-time high near $135,000, one critical support level could decide everything.
Analyst CrypNuevo warns that if Bitcoin loses this zone, a sharp drop to the $100K mark might follow. Here’s what’s happening with Bitcoin’s chart right now.
Retesting Support: A Bullish Flip in Action
According to CrypNuevo, Bitcoin has successfully flipped a former resistance level into support, a promising structure known in technical analysis as an R/S (resistance/support) flip.
This move is crucial because holding this level could keep the bullish momentum alive. If Bitcoin manages to stay above this level in the next few days, it could climb even higher.
At the same time, well-known crypto expert Wise Advice believes that if Bitcoin follows the movement of the money supply (M2), its price could rise by about 24%, reaching $135K by July.
Liquidation Zones Hint at $115K Target
Looking at longer timeframes, CrypNuevo points out a cluster of liquidations between $112K and $114K. These areas tend to attract price movement, especially since they are above Bitcoin’s recent highs.
If Bitcoin can break through this zone, a rise to $115K, a new all-time high, might happen.
This level also matches where many traders’ long leveraged positions could be forced to close, which might speed up the price jump.
Key Support Test Around $106K
However, the short-term picture tells a slightly different story. There’s some liquidation pressure around $105,700, which suggests the price may dip and retest support near $106,000. If Bitcoin holds that level, it could offer a fresh and more favorable entry point for traders.
However, if $106K fails, the price could fall further to the psychological $100K level. CrypNuevo notes this dip could shake weak hands but might also attract long-term buyers.
As of now, Bitcoin is trading around $$109,700, reflecting a slight rise in the last 24 hours, with a market cap hitting $2.18 trillion.
The post $135K or $100K? Bitcoin Faces Critical Moment Before 2025 Conference appeared first on Coinpedia Fintech News
Bitcoin may be on the edge of a breakout, as the highly anticipated Bitcoin 2025 Conference kicks off May 27 in Las Vegas. While traders set their sights on a potential all-time high near $135,000, one critical support level could decide everything. Analyst CrypNuevo warns that if Bitcoin loses this zone, a sharp drop to …
