TRUMP Price Eyes Breakout Ahead of White House Crypto Summit

Upbit is listing two new tokens, the liquid staking asset Haedal and the blockchain project AltLayer. ALT has been listed on June 16, while the HAEDAL listing will happen on June 17.

Regardless, this delay may not have impacted Haedal much. Both tokens are showing similar price curves, with a dramatic spike curving down to rest on a higher floor.

Upbit Listing Boosts Token Prices

Upbit, the largest exchange in South Korea, has been doing well since its three-month business restriction was halted by the courts.

In the last month, the firm’s token listings have caused price spikes on several occasions, and today is no different. By listing Haedal and AltLayer, Upbit has caused both assets to climb dramatically.

AltLayer, a decentralized protocol for creating blockchain rollups, made a splash with its launch last year but has since been falling.

Despite maintaining notoriety with moves like a $100 million token unlock, its price has consistently ticked downward. Today, however, Upbit’s listing gave ALT a powerful boost, causing its asset value to briefly double:

Haedal, a liquid staking token, has had a slightly different experience in a few ways. For one, it’s much younger, only launching its TGE in May 2025.

Shortly after that, Binance hosted its airdrop, causing its price to climb more than 60%. Compared to that sort of notoriety, Upbit’s own Haedal listing announcement has had a much smaller impact.

Although AltLayer is already live on Upbit, the exchange announced shortly after that Haedal’s listing would be postponed until tomorrow morning (local time). In its official statement, Upbit provided no justification for this delay but apologized for the inconvenience.

The announcement roughly aligns with Haedal’s valuation starting to diminish, but it’s hard to be sure if they’re directly correlated.

Upbit’s AltLayer listing proceeded without incident, but its price chart followed a similar pattern to Haedal. After all, the delay is only for a few hours, so it may not do much to discourage trading activity.

Despite lingering concerns about regulatory compliance issues, Upbit listing holds significance as South Korea is one of the fastest-growing crypto markets in the region.

The post Upbit is Listing Two New Tokens This Week appeared first on BeInCrypto.

SafeMoon’s price has climbed over 25% in the past week amid the broader market volatility. This double-digit price gain has been fueled by the uptick in the token’s demand following the project’s migration from BNB Chain to Solana.

However, profit-taking and increased selling pressure are now threatening to erase some of SFM’s recent gains. This analysis provides the details. 

SafeMoon Battles Growing Sell-Offs

An assessment of the SFM/USD one-day chart highlights the growing selling pressure within SFM’s spot markets. A notable indicator of this trend is the token’s negative Balance of Power (BoP), which is at  -0.96 at press time.

An asset’s BoP indicator compares buyers’ and sellers’ strengths by analyzing price movements within a given period. When its value is negative like this, it indicates that sellers have more control, meaning downward pressure is stronger, and the asset is likely experiencing a bearish trend. 

This suggests weakening bullish momentum among SFM holders and hints at declines if selling pressure continues.

Furthermore, SFM’s price has dropped 8% over the past 24 hours, causing the altcoin to trade near its 20-day exponential moving average (EMA).

This moving average measures an asset’s average price over the past 20 trading days, giving more weight to recent prices to identify short-term trends.

As with SFM, when an asset’s price is poised to break below the 20-day EMA, it signals increased selling pressure. It is a sign of weakening bullish momentum and a shift toward a bearish trend. 

SFM Finds Key Support at $0.000061

A successful breach of the dynamic support offered by SafeMoon’s 20-day EMA at $0.000061 would strengthen the bearish trend. In this scenario, the altcoin’s price could plummet further to $0.000047.

However, a spike in new demand would invalidate this bearish outlook. If spot inflows rally, it could drive SFM’s price above the resistance at $0.000068 toward its multi-year high at $0.000011.

The post SafeMoon (SFM) Faces Post-Migration Challenges as Sellers Take Over appeared first on BeInCrypto.