Coinbase Derivatives recently launched 24/7 trading for Bitcoin and Ethereum futures, which made it the first CFTC-regulated U.S. exchange to do so. U.S. traders can now buy and sell BTC and ETH futures anytime.
24/7 XRP & SOL Futures To Launch Soon
Now, it is planning to launch 24/7 trading for XRP and SOL futures, starting June 13. This will help bridge the gap between traditional U.S. hours and the global markets. Derivatives now make up over 75% of the global crypto trading. Coinbase aims to get a larger share.
Starting June 13, we’re enabling 24×7 trading for $XRP and Solana ( $SOL ) futures, unlocking real-time access to U.S. traders, reflecting the always-on nature of crypto markets.
— Coinbase Institutional (@CoinbaseInsto) May 29, 2025
“The arrival of 24/7 CFTC-regulated markets is a game-changer for the industry,” said Andy Sears, CEO of Coinbase Financial Markets.
More Futures and Perpetual Contracts
Coinbase rolled out Solana futures in February, followed by XRP and nano XRP futures last month. In Thursday’s trading, Nano Solana topped the charts with over 23,000 contracts traded. XRP futures also saw strong action, with more than 13,000 contracts traded across both standard and nano sizes.
It is now offering futures contracts for SOL, XRP, ADA, and HBAR. The exchange is also about to launch perpetual BTC and ETH futures in the U.S., a new way to trade crypto, which is designed to meet the high demand for crypto derivatives within a fully regulated setting.
While Bitcoin and Ethereum remain the core of Coinbase’s derivatives, the strong early demand shows that traders are showing interest in altcoin futures, too.
Coinbase Rolls Out New Features
Coinbase Advanced is now ever better as it has rolled out newer features. Auto-sweeping sends excess funds back to your main account. Auto-rolling uses smart algorithms to manage expiring positions. New order types with editable limit orders are also coming soon. It is also releasing a new margin health tool that makes it easier to track and manage liquidation risk.
Bitcoin showed signs of potentially forming a new all-time high earlier today but slipped back toward key support. Despite this, the intraday rise sparked bullish sentiment among altcoins.
BeInCrypto highlights three altcoins that, alongside major upcoming developments, are essential for investors to watch closely.
Maker (MKR)
MKR price dropped 12% over the past week but may rebound with the upcoming Phase One deployment of the MKR to SKY upgrade starting May 19. This transition, part of Maker’s rebranding to Sky, aims to complete its ecosystem transformation and attract investor interest.
The approval of the Executive Vote will enable SKY as the governance token of the Sky Ecosystem. This strategic shift could drive MKR’s price recovery to $1,894, potentially pushing further toward the key resistance level at $2,188, signaling renewed bullish momentum in the market.
However, if MKR falls below the support level of $1,655, it risks dropping to $1,555 or further down to $1,325. Such a decline would invalidate the bullish outlook, signaling increased selling pressure and a possible extended downturn.
OFFICIAL TRUMP (TRUMP)
TRUMP price remains subdued due to low volatility, but bullish market signals prevent a decline. The Ichimoku cloud below the candlesticks supports this stability, indicating potential for steady price action amid broader positive trends.
OFFICIAL TRUMP token anticipates a major boost on May 22, the Day of the TRUMP Dinner, where the top 220 TRUMP holders will join the US President in Washington D.C. This could spark significant interest and price movement, as holders often respond strongly to actions linked to the US President.
This update could push the TRUMP price to surpass resistance levels at $13.36 and $14.53, targeting $17.14. However, a break below support at $12.18 could trigger a fall to $10.29, negating the bullish outlook and causing a notable price drop.
Floki (FLOKI)
FLOKI is attempting to recover from recent 21% losses after failing to break the $0.000113 resistance. The Parabolic SAR above the candlesticks indicates potential downward pressure, suggesting a possible price decline for the meme coin in the near term.
The upcoming BADAI airdrop, delayed since February, could positively impact FLOKI’s price. Investors eagerly awaiting the event may drive buying momentum if any favorable updates emerge, potentially offsetting bearish signals and supporting price stability.
If FLOKI surpasses the $0.000100 mark, it could challenge the $0.000113 resistance and trigger an uptrend. Conversely, a break below $0.000090 support may lead to a decline toward $0.000071, negating the bullish outlook.
XRP has been experiencing fluctuating price action recently. Currently trading at around $2.50, XRP saw a major drop after an initial price spike. However, it’s now back on an upward trajectory, hinting at a potential bullish trend. This movement suggests that XRP is following a slow, steady climb, with hopes of developing into a larger upward pattern. Analysts are watching for the possibility of an extended bull run, similar to what occurred in 2021.
Since the U.S. election, XRP has surged by 375%. The altcoin is significantly outperforming the broader market, with increasing interest from new buyers, as active XRP wallets have jumped by 620% in the past week.
The market’s fear and greed index is improving, moving up to 30, signaling a shift toward a more optimistic outlook. Bitcoin dominance remains steady at 60%, and the overall market cap has risen to $3 trillion, with altcoins also gaining momentum.
Bearish Divergence on 3-Day Chart
According to analyst Josh of Crypto World, XRP continues to show a bearish divergence on the 3-day timeframe. This suggests that while short-term movements may fluctuate, we shouldn’t expect any major bullish momentum similar to the rise seen in November last year.
Short-Term Support and Resistance Levels
XRP is bouncing from a key support area between $2.25 to $2.30. The next resistance levels to watch are between $2.65 and $2.80, with additional resistance at $3 and $3.20.
RSI Indicators and Market Movement
The RSI has recently bounced into overbought territory, but has since reset after a pullback. At the moment, the RSI is neutral, which suggests that XRP’s price may remain in a sideways range for the short term. If Bitcoin and other major altcoins stay neutral, XRP is likely to follow suit with some choppy price action.
The post XRP Price Prediction For March 6 appeared first on Coinpedia Fintech News
XRP has been experiencing fluctuating price action recently. Currently trading at around $2.50, XRP saw a major drop after an initial price spike. However, it’s now back on an upward trajectory, hinting at a potential bullish trend. This movement suggests that XRP is following a slow, steady climb, with hopes of developing into a larger …
PYTH will unlock 2.13 billion tokens (~$1.24B) on May 20, doubling its circulating supply.
Optimism (OP) will unlock 386 million tokens (~$587M) on May 31, also doubling its supply.
PYTH shows weak On-Balance Volume (OBV) despite a minor price recovery, with $0.12 as critical support and $0.215 as key resistance.
OP remains under all major EMAs with improving Chaikin Money Flow (CMF), but faces strong overhead resistance at $1.071 and $1.4.
Both tokens face sell pressure, with rebound hinging on volume; PYTH OI drops while OP shorts rise, signaling market caution.
Pyth Builds Bearish Momentum Before Unlock
Pyth Technical Analysis: Mild Recovery, but Caution Prevails
Currently, PYTH Coin is priced at approximately $0.139, which reflects a modest rise since yesterday. Following months of decline from late December, when it was trading near $0.55, the upcoming unlock of more than $86M presents additional volatility risk.
Of importance, the support zone at $0.12 has held thus far; this is pivotal. The next key resistances are:
$0.215 (23.6% Fibonacci) → key breakout area
$0.275 (38.2% Fibonacci) → observe for new momentum
The RSI is to ~45.28, indicating a modestly stronger momentum, but still beneath the neutral 50. The CMF (~+0.08–0.12) indicates steady inflow of capital, which is encouraging. That said, the OBV at ~1.07B is still beneath it’s high (~1.2B) indicating still soft buying pressure.
The price is still under all major EMAs (20/50/100/200) which still reinforces the bearish broader trend. If $0.12 breaks, next critical level to the downside is $0.10, which could initiate some more selling pressure.
Overall the bias remains bearish leading into the unlock, unless PYTH can break above $0.215 soon, if discounting any potential momentum flip/catalyst. Just watch most possibly for short squeezes, if sentiment turns.
Optimism (OP) Shows Bearish Trend and Critical Support Test
Presently, Optimism OP Coin is trading near the $0.632 level, having suffered a long and slow decline down from its peak of $2.773 in December 2024. Adding to volatility perceptions, a large token unlock occurs on May 31 (~386m OP worth ~$587m about to drop into networks).
The RSI indicator on the Daily chart below has nearly fallen to the oversold zone of ~36. This shows sellers are in control but opens OP up to a short term bounce potential should shorts become overcrowded.
The EMA 20/50/100/200 stack shows OP remaining in a down trend under all major averages, with bearish slope confirmation. Again, a meaningful recovery will require OP to reclaim at least the $1.071 (23.6% Fibonacci retracement).
On the volume side, our OBV has now made lower lows near |~415m| and deterioration has persisted. CMF has made lower lows as well recently, at around –0.04, which signals continued net capital outflows.
Structurally, OP’s price remains compressing within a descending channel / falling wedge and is testing the critical support zone of $0.545–$0.600. Should we break this level, the next downside risk opens up below the $0.50 range. The first bullish signal we need to see would be reclaiming the $1.071–$1.4 resistance band (23.6–38.2% Fibonacci) which is no doubt going to be predicated on seeing some rotational volume and sentiment shift post the unlock.
Derivatives Insight: PYTH and OP Show Diverging Risks Ahead of Token Unlocks
PYTH Network (PYTH)
Coinglass data shows that PYTH’s aggregated open interest has fallen sharply from ~$80 million in December to around ~$40–50 million today, signalling that traders are de-risking ahead of the massive May 20 token unlock. Liquidation data shows limited recent action, but the last big wipeout in December led to a sharp crash, highlighting the risk of forced selling if unlock pressure sparks panic. The derivatives market shows caution, low leverage, and minimal buildup, but traders should prepare for a volatility spike when supply hits.
OP aggregated open interest declined from ~$350 million to ~$150–180 million, with a recent uptick signalling rising short positions, but has seen a recent uptick, indicating a rise in short positioning ahead of the May 31 unlock. Coinglass liquidation data shows large long-side liquidations recently, reflecting bearish control. This rising short buildup raises the risk of a short squeeze if sentiment shifts bullish or if the market absorbs the unlock faster than expected. Traders should monitor OI and liquidation trends closely as the unlock date nears.
Key Levels and Caution Ahead
Both PYTH and OP face critical weeks as their massive token unlocks approach, doubling circulating supply and testing market confidence. Technically, both tokens remain in bearish setups, with weak momentum and volume signals, while derivatives data show that traders are either de-risking (PYTH) or building shorts aggressively (OP). Until key resistances are reclaimed — $0.215 for PYTH and $1.071 for OP — the bias stays bearish, and traders should watch support levels closely at $0.12 and $0.545–$0.600, respectively, as the unlock events unfold.
The post Major Token Unlocks Ahead: Technical Breakdown of PYTH and Optimism (OP) for Traders appeared first on Coinpedia Fintech News
Key Highlights PYTH will unlock 2.13 billion tokens (~$1.24B) on May 20, doubling its circulating supply. Optimism (OP) will unlock 386 million tokens (~$587M) on May 31, also doubling its supply. PYTH shows weak On-Balance Volume (OBV) despite a minor price recovery, with $0.12 as critical support and $0.215 as key resistance. OP remains under …
(@CoinbaseInsto) May 29, 2025
