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The cautious stance of the Federal Reserve on interest rates has seen the probability for a rate cut tumble to a mere 0.1%. As the June FOMC meeting inches closer, traders are expecting rates to remain steady between 425 and 450 bps, but incoming economic data may sway sentiments. Chances of A Fed Rate Cut
The post Traders Bet Against Fed Rate Cut At June FOMC Meeting appeared first on CoinGape.
Pum.fun launched its native token PUMP earlier today, and not so surprisingly, the sale ended in 12 minutes. In this duration, about $500 million worth of PUMP was picked up by retail investors at a $4 billion valuation.
However, as per BeInCrypto’s analysis, the anticipation did not fare well for the pump.fun ecosystem tokens.
GOAT price surged 23% this week, emerging as one of the better-performing pump.fun tokens. However, the anticipation surrounding the PUMP token launch led to a 9% drop in the last 24 hours.
Despite this, GOAT remains an altcoin to watch as it shows significant volatility and market interest.
Currently trading at $0.120, GOAT is holding above the critical support level of $0.117. The MACD indicates that bullish momentum is strengthening, potentially pulling the price back up.
However, if investors decide to secure profits by selling their holdings, GOAT could face downward pressure. A fall through the $0.117 support could lead the altcoin to slip to $0.102, invalidating the bullish thesis.
PNUT price increased by 19.2% over the past week, reaching $0.264. However, like other pump.fun tokens, it experienced an 8% drop in the last 24 hours. Despite this, PNUT is still showing signs of positive momentum.
The Parabolic SAR currently indicates an uptrend for PNUT. If the altcoin can sustain above the key support level of $0.260, it could rally towards $0.300. Continued positive momentum in the broader market could further boost PNUT’s price.
If PNUT fails to maintain support at $0.260, it could face downward pressure. A drop below this level could push the price to $0.219, erasing recent gains and invalidating the bullish outlook.
PYTHIA emerged as the only coin to note a rise in the last 24 hours, trading at $0.048 after a 42% increase. The altcoin is now facing the resistance of $0.052. This momentum could indicate further price growth, as PYTHIA continues to attract investor attention in the pump.fun ecosystem.
The Ichimoku Cloud below the candlesticks signals a bullish trend for PYTHIA. This indicates potential for further price increases, especially with the upcoming launch of the PUMP token.
Should the market conditions stay favorable, PYTHIA could breach the $0.052 resistance level and target $0.060 in the coming days.
However, if profit-taking occurs, PYTHIA may face a price decline. A fall below the $0.039 support could lead to further downward movement, potentially reaching $0.033. Should this happen, it would invalidate the current bullish outlook.
The post 3 Pump.Fun Ecosystem Coins to Watch Amid PUMP Token Launch appeared first on BeInCrypto.
In the latest development within the Ripple ecosystem, the RLUSD stabecoin goes live on the Aave V3 Ethereum Core Market. Bolstering Ripple’s entry into the stablecoin market, RLUSD gained new utility, allowing users to supply or borrow the coin.
Notably, Aave’s listing of the token comes amidst growing adoption of the Ripple stablecoin. With increased momentum, the token has surpassed a market capitalization of $293 million since its December 2024 launch.
In a recent X post, decentralized finance (DeFi) protocol Aave officially announced the launch of Ripple’s RLUSD stablecoin. While the listing marks Ripple’s entry into the DeFi space, it provides users with lending and borrowing services.
“Users can now supply and borrow RLUSD, Ripple’s enterprise-grade stablecoin, on the Aave V3 Ethereum Core market,” announced Aave on X. The initial launch of the stablecoin includes a supply cap of 50 million tokens and a borrowing cap of 5 million tokens.
According to Aave’s dashboard, RLUSD markets are still ramping up, with a reserve size and available liquidity of $124.98 and a utilization rate of 0%. The price remains stable at $1.00, aligned with its USD peg. With no borrowings recorded, the current APY stands at 0%, reflecting low activity and a lack of lending promotions.
Interestingly, Ripple’s RLUSD stablecoin is expanding globally. The stable token has initiated integrations with major platforms like Kraken, LMAX Digital, Bitstamp, Bullish, and Zero Hash. This paves the way for increased institutional and retail adoption of RLUSD.
Now, Ripple has plans to further boost adoption by engaging with institutions, integrating the stable token into more decentralized and centralized apps. The platform intends to explore new use cases in lending, trading, and DeFi. This positions RLUSD for growth in the competitive stablecoin market.
Recently, Ripple announced RLUSD’s major role in the Hidden Road broker deal. Reportedly, the stablecoin will be used as collateral.
The post Ripple’s Stablecoin RLUSD Now Live on Aave V3 appeared first on CoinGape.
PI Network bulls appear to be making a comeback, thanks to an improvement in overall market sentiment over the past 24 hours.
The token’s price has climbed by 4% in the past 24 hours, sparking speculation about whether a new bullish phase is about to begin.
PI’s 4% uptick has triggered a bullish crossover on its Moving Average Convergence Divergence (MACD). For context, the token’s MACD line (blue) has just crossed above its signal line (orange) for the first time since July 1, signaling growing bullish momentum.
The MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines.
As with PI, when the MACD line crosses above the signal line, it signals bullish momentum, suggesting that buying activity is increasing. Traders interpret this setup as a buy signal, which could add more upward pressure on the meme coin’s price.
While PI’s MACD and signal lines remain below zero because of its prolonged bearish trend, this crossover highlights a cooldown in selloffs as bulls attempt to regain market control.
Further, readings from the PI/USD one-day chart show its Balance of Power (BoP) at 0.61, indicating that buy-side pressure is gaining strength.
The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is negative, sellers dominate the market, with little to no buyer resistance.
Conversely, positive BOP readings like this suggest buyers dominate the market over sellers and drive newer price gains.
PI currently trades below resistance at $0.477. If demand climbs, the altcoin could flip this barrier into a support floor, propelling its price toward $0.508.
However, for PI to sustain this upward momentum and push toward higher resistance levels, there must be a significant influx of new demand to absorb the existing supply.
Without fresh buying pressure, the current rally could quickly lose steam. In that case, PI risks slipping back into its previous consolidation range—or worse, falling toward the $0.445 support level.
The post Pi Network Prints First Major Bullish Signal Since July 1 — What’s Next? appeared first on BeInCrypto.