The post Bitcoin Rallies Despite 22-Month High CPI—What Are Markets Seeing? appeared first on Coinpedia Fintech News

The Bitcoin price surprised markets with a sharp upside move, reclaiming key resistance levels and pushing toward the $73,000 zone, even as US CPI printed its highest level in 22 months. The reaction caught many off guard, as elevated inflation typically signals tighter financial conditions and downside pressure on risk assets.

Instead, BTC moved higher—tracking strength across US equities and risk markets—raising a critical question: why are markets rallying on seemingly bearish data?

CPI Comes in Hot—But Markets Look Ahead

The latest US CPI came in at ~3.5% YoY (vs. 3.4% expected, 3.2% previous), marking the highest level in nearly two years. Core inflation also remained elevated, reinforcing concerns that price pressures are not cooling fast enough.

Under normal conditions, this would strengthen the case for a hawkish Federal Reserve, delaying rate cuts and tightening liquidity—typically bearish for risk assets like Bitcoin.

However, markets reacted differently.

With traders already positioned cautiously ahead of the release, the data failed to trigger a fresh downside. Instead, it acted as a catalyst for repositioning, allowing Bitcoin and equities to move higher as uncertainty cleared.

Bitcoin Price Analysis: Reclaiming Range High, Eyes on Breakout

Bitcoin has reclaimed the $70K–$72K range high, pushing into the upper boundary of a consolidation zone that has capped price over the past few weeks. This level previously acted as resistance and is now being tested as support, indicating a potential range breakout attempt. The recent move from the $65K liquidity zone shows strong buyer interest, with price forming higher lows and gradually building upward pressure.

Momentum indicators support the move. RSI is trending above 60, signaling strengthening bullish momentum, while CMF has flipped slightly positive, indicating steady capital inflows. However, price is now approaching a major resistance zone near $75K, which aligns with prior rejection levels. A clean breakout above this level could open the path toward $78K–$80K, while failure to sustain above $70K–$72K risks a pullback toward $65K support.

What’s Next for Bitcoin Price?

Bitcoin’s move highlights a key principle that it reacts to liquidity but not headlines. Despite the hot CPI, selling pressure failed to follow through. Buyers stepped in at key levels, and hence, the price broke above a crucial resistance level.  This suggests the market was under-positioned for upside, creating room for a squeeze as shorts got trapped and momentum flipped. 

This is no longer about CPI, but it’s about follow-through. If the price holds above the support range between $70,000 to $72,000, continuation remains likely to $75,000. While a failure may initiate a pullback and compel the BTC price to remain consolidated. 

The post HYPE Price at a Key Inflection Point—Breakout From Here Could Trigger New Highs appeared first on Coinpedia Fintech News

The Hyperliquid price has surged notably by more than 5.5%, reaching $41.22, while the volume has decreased to some extent. Fundamental demand drivers, rather than mere speculation, appear to fuel this move. The Hyperliquid Assistance Fund acquired 45,000 HYPE for $1.8 million at an average of $39.7 per token as a part of its ongoing buyback and burn strategy. 

On the other hand, community discussion highlights the imminent launch of HIP-4, which will introduce native prediction markets. This combination directly reduces the circulating supply and builds anticipation for new user adoption. Moreover, the ecosystem is showing robust health, with oil perpetual futures volume crossing $4 billion. 

However, the HYPE price is now testing a key supply area, making this a decisive moment for the next directional move. 

HYPE Price Analysis: Breakout Setup Builds

HYPE has maintained a clean higher high–higher low structure, respecting the ascending channel support while steadily pushing toward resistance. The $41–$44 zone stands as immediate resistance, aligning with previous rejection levels. A breakout above this range could open the path toward the $48–$52 supply zone, which marks the next major hurdle.

Momentum indicators support the bullish case—RSI is trending above 60, and MACD remains in positive territory, indicating sustained buying pressure. However, failure to break above current levels could result in a pullback toward $36, which now acts as immediate support, followed by a stronger base near $30–$32.

The broader structure shows a transition from accumulation to expansion, with price consistently respecting the rising trendline. This suggests buyers are in control in the short term. However, the presence of a strong horizontal resistance just ahead means the market is still a breakout setup—not a confirmed breakout.

A move above the upper boundary of the channel, combined with horizontal resistance, would confirm continuation, while rejection here would likely keep price consolidating within the current range.

Wrapping it Up

Hyperliquid (HYPE) price is at a clear decision point. Momentum favors bulls, but price is now testing a level where continuation needs confirmation. If buyers push above $44, the move can extend toward $48–$52, potentially setting up a new high attempt. However, failure to break higher could trigger a pullback toward $36, keeping the asset range-bound in the short term.

Hyperliquid is within a bullish structure, but a breakout is required for continuation. 

The post Zcash (ZEC) Price Analysis: $400 in Sight or Resistance Ahead? appeared first on Coinpedia Fintech News

The Zcash price experienced a significant upswing after breaking out from a decisive phase, as bulls gained control over the rally. The price surged by over 20% to reach $283 with over 47% increase in the volume. With this, the token entered an important resistance zone, breaking the decisive level around $330. Currently, the price has entered an important price range, which may propel the rally beyond local highs if held strong. 

But this move is now running straight into a major supply zone. With price approaching the $400 level, the market is at a critical decision point—either confirm continuation with a clean breakout or face rejection that could unwind the recent gains.

Derivatives Data Suggests Momentum Builds, but Crowding Risk Emerges

ZEC’s rally is being backed by a sharp rise in Open Interest, which has reversed its downtrend and pushed higher alongside price. This confirms that fresh positions are entering the market, rather than the move being driven purely by short covering.

Rising OI during an uptrend typically supports continuation, as it reflects growing participation and conviction. However, the funding rate tells a more cautious story. Despite the price surge, funding has remained deeply negative, indicating aggressive long positioning and traders paying to hold positions. 

This creates a crowded setup, where any slowdown near resistance—especially around the $400 zone—could trigger a long squeeze. This suggests that the momentum is strong, but the buildup of leveraged longs increases the risk of a sharp, short-term pullback before continuation. 

Can the ZEC Price Break the Major Resistance at $50?

ZEC has delivered a clean breakout from a descending structure, pushing sharply from the $220–$260 accumulation zone toward the $370–$380 resistance band. This move confirms a shift in short-term structure, with price reclaiming the $350 level as support. Momentum indicators back the move—RSI is pushing into the 70+ zone, while OBV shows a steady rise, indicating sustained buying pressure rather than a one-off spike.

However, price is now testing a major supply zone between $370 and $400, which has historically acted as a strong rejection area. A breakout above $400 would confirm a trend continuation, opening the path toward $450–$480. On the downside, failure to clear this zone could trigger a pullback toward $350, with deeper support resting near $300.

The Bottom Line

ZEC price is at a decision point. Momentum is strong, but price is now testing a level where continuation needs confirmation. If bulls sustain pressure, the move can extend into a fresh expansion phase. But any rejection here could trigger a quick shakeout before the next trend forms. Therefore, the next few days may be pretty crucial for the Zcash price rally, as a sustained move above $390 may push the price beyond $400. 

The post DASH Gears Up for Bullish Wave-3: Can the Price Break The Broder Downtrend? appeared first on Coinpedia Fintech News

Dash has surged nearly 9–10% in the latest session, pushing the price toward the $39–$40 zone after holding a strong base near $26–$30 over the past few weeks. The move comes with a visible uptick in volume and momentum, signalling strengthening bullish pressure in the short term.

However, the broader structure remains constrained within a descending channel, with key resistance stacked near $40–$41, followed by a major breakdown level at $51. As long as the DASH price trades below this upper trendline, the rally still sits within a bearish framework—making the current move a potential setup rather than a confirmed breakout.

DASH Price Heading Towards a Major Resistance

The price has triggered a rebound from the lows, and this move can be considered a third consecutive bullish wave. However, the upper resistance remains capped at $50, as the token is still stuck in a descending wedge from a broader perspective. Currently, the price is pushing into the $39 to $41 zone, which aligns with previous support-turned-resistance and the upper boundary of the short-term range. 

The move is backed by improving momentum, as RSI trends higher and CMF flips positive—indicating fresh capital inflows. However, this push is happening within a larger descending structure, keeping the broader trend under pressure.

From a technical perspective, the immediate barrier is $40–$41, and a clean breakout above this level could pave the way towards $50–$52, where the major trendline resistance resides. This is the level that truly matters—only a sustained move above $50 would invalidate the broader bearish structure. On the downside, $35–$36 acts as immediate support, followed by a stronger base near $26–$30, which has held multiple times. As long as DASH remains below the upper trendline, this rally is still a lower high setup, not a confirmed trend reversal.

What’s Next for the DASH Price?

Dash is nearing a critical turning point as the price approaches the descending trendline resistance. If bullish momentum sustains, the $50 level—aligned with horizontal resistance—becomes the key breakout zone. A move above this range could trigger fresh upside and renewed buying interest. However, failure to break through may keep price confined within the wedge, consolidating below $50 until stronger bullish conviction returns.

The post Bittensor Price Drops 20% After 37K TAO Dump—Is a Rebound or Deeper Crash Next? appeared first on Coinpedia Fintech News

Bittensor’s native token TAO price saw a brutal breakdown, plunging nearly 25–27% within hours and erasing close to $900 million from its market capitalization. The sudden drop triggered a wave of liquidations, wiping out over $9 million in long positions and catching late bulls off guard after weeks of aggressive upside.

The move wasn’t random. A combination of heavy selling pressure and a major ecosystem shake-up rattled market confidence at a critical point in TAO’s trend. What initially looked like a standard post-rally cooldown quickly escalated into a deeper structural sell-off, raising questions about whether this is just a short-term flush or the beginning of a larger trend shift.

A closer look at the underlying trigger reveals that this wasn’t just about price action but a key development inside the Bittensor ecosystem that may have wider implications.

What went wrong—Why TAO Price Plunged

The sell-off in TAO wasn’t driven by a single trigger. It was a stacked event, where one fundamental shock cascaded into a technical breakdown and forced liquidations. The biggest hit came from Covenant AI, a major contributor operating multiple high-emission subnets within Bittensor. Its sudden exit signalled more than just a team leaving—it raised doubts about ecosystem stability itself.

Covenant AI didn’t exit quietly. The team publicly accused Bittensor’s leadership of centralized control, calling the protocol a “decentralization theater.” TAO’s premium valuation depends heavily on the decentralized AI narrative. When that narrative comes under scrutiny, it not only affects the price but also puts credibility at risk.

Following the exit, reports indicate that around 37,000 TAO (~$10M+) were offloaded into the market, wiping out $900M from the market cap. The TAO has already rallied 90% to 100% in March and entered an overheated territory with built-up leveraged long positions. Once the price started to plunge, key support levels fell weak, and momentum flipped bearish, liquidating over $9 million in long positions. This turned a fundamental shock into a trend breakdown. 

TAO Price Analysis: Can Key Support Trigger a Rebound?

TAO’s sharp breakdown has now pushed the price back into a critical demand zone, where market structure will decide the next move. After rejecting higher levels near the $330–$360 range, the price saw an aggressive sell-off toward the $260 region, accompanied by a clear spike in volume—signaling panic-driven exits rather than controlled profit-taking. 

Despite the damage, the broader structure hasn’t fully collapsed yet, as price is now approaching a key technical confluence that could act as a short-term stabilizing zone.

From a technical standpoint, the 50-day moving average (currently near the $250 zone) continues to act as dynamic support. This level has held through previous pullbacks during the recent uptrend, making it a critical line for bulls to defend. As long as TAO holds above this region, the possibility of a rebound remains intact, especially if selling pressure fades and volume contracts on further downside. 

However, a breakdown below this support would invalidate the short-term bullish structure and open the door for a deeper move toward the $220–$200 range. On the upside, immediate resistance sits near $300–$320, followed by a stronger supply zone around $350–$360. For now, TAO is at a decision point—hold support and bounce, or lose structure and extend the correction.

What’s Next? —Will TAO Price Rebound or Face a Breakdown?

TAO is no longer trading in a clean bullish trend—it’s reacting to a confidence shock layered on top of an overheated rally. Still, the structure hasn’t fully broken. As long as $250 holds, a short-term rebound remains possible. But this is not a blind dip-buy. Bulls need a reclaim of $300–$320 to regain control.

If support fails, the narrative changes quickly. A breakdown below $250 would likely confirm a deeper correction phase, exposing TAO to downside toward the $220 region or lower. Bittensor is in a decisive phase where it either rebuilds momentum or marks the beginning of a broader reversal trend. 

The post Top Layer-1 Altcoins to Watch This Month—Solana, TRON & 3 More  appeared first on Coinpedia Fintech News

Layer-1 blockchains continue to compete for dominance, with user activity emerging as a key metric to track real adoption. While price often grabs attention, daily active users provide a clearer signal of where on-chain demand is actually flowing.

Recent data highlights five major Layer-1 networks leading in user activity this month, and interestingly, Ethereum does not fit in the list. This offers insight into which ecosystems are gaining traction and where capital could rotate next.

BNB Chain Leads With 4.3M Active Users

The daily active user indicator indicates the traffic of the platform as it denotes the number of users interacting with the platform. The latest data suggests that BNB chain is leading the race with over 4.3M active users, followed by Tron with 3.2M, Near Protocol with 2.5M, Solana with 2.4M and Sei with 1.4M. 

Interestingly, Ethereum has not made it into the top 5 platforms with high active addresses, which suggests a potential shift to the other chains. BNB Chain and TRON dominate in raw user activity, while NEAR and Solana remain competitive in the mid-tier. Sei, despite lower numbers, still makes the top 5—indicating early-stage but notable adoption.

However, high user activity does not always translate into price strength, making it essential to assess both adoption and market structure together. Currently, the question arises of how this will impact the token’s price.

BinanceCoin (BNB) 

BNB price is trading within a predefined resistance and support range as the bulls and bears have been failing to divert the rally. As the volume remains below the average, no major price movement is seen, but in the larger perspective, the price is accumulating strength. The selling pressure is fading, while the MACD is heading towards a bullish crossover, and the RSI is consolidating above the lower threshold. Therefore, with the beginning of a new Altseason, BNB price is primed to form a new ATH above $1500. 

Tron (TRX) 

As seen in the above chart, the weekly Tron price is stuck within a resistance and support zone, forming a double bottom pattern. Currently, the price is fighting to hold within the resistance, and if it does so, as the CMF is rising as liquidity enters, a breakout could follow. However, RSI is flattening, hinting towards a drop in momentum, but a breakout may push the levels to the upper threshold. With this, the price is believed to reach $0.4, surpassing $0.37, aiming for higher targets. 

NEAR Protocol (NEAR) 

NEAR has maintained solid user growth, but price performance has been mixed. The asset remains sensitive to broader altcoin sentiment, with rallies often lacking sustained follow-through. The NEAR Protocol price has rebounded from the local support range and is believed to breach through the local resistance at $1.4. Once the price secures this range, a rise to $1.85 is imminent, surpassing $1.66. 

Solana (SOL) 

Solana continues to balance strong ecosystem activity with volatile price behaviour. While user metrics remain high, price action reflects cyclical momentum rather than consistent trend strength. The SOL price has bounced from a crucial support level zone below $80, which has become a strong base. The MACD has undergone a bullish crossover, and the RSI is struggling to maintain an ascending trend. Once the price breaks the barrier at $88, a rise beyond $100 could be imminent. 

Sei (SEI) 

Despite making the top 5 in user activity, SEI’s price has struggled significantly due to supply-side pressure and declining capital retention. This highlights a key disconnect between usage metrics and price performance. The price has been maintaining a strong descending trend with no major bullish possibilities. The draining CMF suggests a drop in liquidity, while RSI remains glued below the average zone as the momentum is not coiling up. Hence, the price is believed to drop, regardless of the rise in the platform’s traffic. 

Wrapping it Up

The latest data shows that user activity across Layer-1 chains remains strong and diversified, with multiple ecosystems competing for attention beyond Ethereum. However, the key takeaway is clear: adoption alone does not guarantee price growth. BNB and TRON show how sustained usage can support stability, while Solana and NEAR reflect momentum-driven price cycles. On the other hand, Sei highlights how structural issues can outweigh user growth. 

As the market evolves, the next phase will likely depend on which chains can convert user activity into sustained capital inflows and stronger price structures.

The post Toncoin (TON) Price Approaches Key Resistance—Can Bulls Break Through the Barrier? appeared first on Coinpedia Fintech News

The Toncoin price has been plunging since the rejection that it faced in the first few days of the year. The token continued to form consecutive lower highs and lows as bears held a tight grip over the rally. Currently, it is attempting a recovery after a prolonged downtrend, but the broader structure remains under pressure. While price is showing signs of stabilization, derivatives data suggest that market positioning is still not supportive of a strong directional move. 

This raises questions about whether the TON price has entered a recovery phase or remains stuck within the descending trend.

TON Open Interest Highlights Imbalance

Data from Coinglass shows that Toncoin’s open interest has dropped significantly from nearly $300 million to around $180 million, indicating a clear unwinding of positions. Despite recent price fluctuations, OI has not shown any meaningful expansion, with the latest uptick remaining relatively flat and lacking a strong buildup. This suggests the current move is not backed by fresh leveraged participation but rather reflects low-conviction price action.

The earlier phase was marked by position unwinding rather than the buildup of new exposure. Even now, the market shows little evidence of fresh leveraged participation, with no clear signs of a short squeeze or aggressive long positioning. As a result, the current move cannot be classified as a derivatives-driven rally but rather reflects a low-conviction price expansion.

Toncoin Price Analysis: Can Bulls Trigger 10% Upswing?

The daily chart shows TON trading within a falling wedge, maintaining a clear structure of lower highs and lower lows. The recent bounce is now approaching the upper boundary of this channel, aligning with a key horizontal resistance zone.

Besides, momentum is building up as the RSI breaks above the descending trend and reaches the neutral zone. However, the price lacks strong breakout volume, and hence, the structure remains intact to the south. 

Key Levels to Watch:

• $1.45 – $1.50: Immediate resistance + channel top
• $1.67 – $1.90: Higher resistance cluster
• $1.20 – $1.25: Short-term support
• $1.05 – $1.06: Channel support

TON is showing early signs of stabilization, but both price structure and derivatives data remain unaligned for a strong trend reversal. Until the price breaks the resistance and open interest surges, Toncoin is likely to remain range-bound. A move above $1.45 could push toward $1.67 and later to $1.9, while a rejection could drag the levels to $1.25 and later close to $1. 

The post SIREN Price Jumps 27%—Is This a Recovery Rally or Another Rejection Ahead? appeared first on Coinpedia Fintech News

The SIREN price is back in focus, with a significant rise of over 25%, rebounding from the lows around $0.54 and reaching $0.72. Although the volume is dropping, the price has posted this sharp move, catching attention after a prolonged period of inactivity. However, the move appears driven more by liquidity and technical positioning than any confirmed fundamental catalyst, making it important to assess whether the trend is a continuation or a short-term spike.

In the last few days of Q1 2026, the Siren price experienced a remarkable increase of over 400%, followed by a correction of more than 97%. However, the bulls triggered a strong rebound from the crucial support range around $0.078, backed by a huge buying volume. The token is now attempting to reclaim a previously traded zone near the $0.70 to $0.80 range, which acted as a key consolidation area before the last breakdown. 

Structurally, SIREN is attempting a recovery after a classic blow-off top and a sharp correction. The recent bounce is approaching a critical supply zone marked in the $0.80–$1.00 range, where price previously consolidated before breaking down. Momentum indicators remain mixed, with MACD still in negative territory while RSI is near neutral. However, MACD is showing signs of a bullish crossover, and RSI is showing a bullish divergence, hinting at fading bearish momentum. 

Key Levels to Watch:

• $0.80 – $1.00: Immediate resistance zone (supply area)
• $1.80 – $2.20: Major overhead resistance from prior rejection
• $0.50 – $0.55: Short-term support
• $0.07 – $0.08: Macro base support

The current move appears to be a reaction bounce into resistance, and until it secures the pivotal resistance, it may not be considered a confirmed breakout. The Siren price is now approaching a key decision zone where continuation depends on whether it can sustain above immediate resistance. If it secures $0.8 and reaches $1, a move to $1.8 could be imminent; meanwhile, a failure could drag the levels to $0.55 initially, which may extend to $0.5 and below $0.1. 

The post SEI Price Down 95% — Here’s What Stopping the Price From Reaching $0.1 appeared first on Coinpedia Fintech News

The SEI price remains stuck in a deep bearish trend, even as the crypto markets experience a bullish push with Bitcoin trading above $71,000 and Ethereum around $2,200. The price has plunged heavily by 95% from its all-time high and is trading near the lower boundary of its identified demand zone. No clear reversal structure has emerged, and the current trade dynamics remain unattractive for new positions. 

However, the real concern goes beyond the price action. Despite a period where its market cap increased after the peak, the token continued to decline, exposing a deeper structural issue: supply expansion is outpacing demand. This imbalance is now at the centre of SEI’s long-term recovery debate. Here are the top reasons why the SEI price is failing to break the $0.1 resistance. 

SEI Market Cap Growth Failed to Support Price

At first glance, SEI’s market cap trend appears misleadingly strong. After reaching its all-time high near $1.14 in March 2024, the project saw its market cap rise again during the 2025 altcoin rally.

The market cap chart displays a significant spike when the price was at the ATH at $1.14 and when it reached $0.63. The circulating supply expanded significantly from nearly 3 billion to 5 billion tokens,  diluting price gains. This creates a ‘market cap illusion’ where growth in valuation does not translate into a higher token price. 

Token Unlocks Continue to Pressure SEI Price

SEI’s tokenomics remain a major source of downside pressure.

• Total supply: 10 billion tokens
• Circulating supply (April 2026): ~6.73 billion
• Monthly unlocks (peak periods): 100–150 million tokens

That translates to roughly 1.5–2% new supply entering the market every month.

Allocation Breakdown:

• 48% — Ecosystem reserve
• 20% — Team
• 20% — Private investors
• 9% — Foundation
• 3% — Launchpool

Token unlocks are scheduled to continue until 2032–2035, meaning supply pressure is not a short-term issue. Every rally now faces constant sell-side liquidity, limiting sustained upside.

Demand Collapse Adds to Bearish Pressure

While supply is increasing, demand has weakened sharply. Total Value Locked (TVL) has dropped from ~$600M to ~$40–60M. Daily fees and DEX volume have plunged to ~$368 and ~$9–10M, respectively. Besides, Stablecoin liquidity is largely bridged, not native. 

The above levels reflect a broader trend where the capital entered during incentive phases but exited as rewards declined. The result is a double pressure effect where supply is increasing, and demand is decreasing. 

SEI Price Structure Remains Weak

The daily chart of the SEI price shows a strong bearish trend, consistently forming lower highs since March 2024. The descending trendline remains intact, with the rally continuing to face constant rejection. 

The price is stuck within a falling wedge, and after breaching the support zone, SEI is maintaining a sustained descending trend. 

Key Levels to Watch:

• $0.24–$0.27: Major resistance zone (previous support)
• $0.60–$0.70: Macro rejection area
• $0.05: Current base range

Before any meaningful recovery can begin, the price needs to be reclaimed and held above $0.25.

What Will Make SEI Price Reach $0.10?

With a circulating supply of ~6.73 billion tokens, a $0.10 price implies a market cap of roughly $670 million. As future unlocks push supply toward 7.5–8 billion tokens, the required valuation rises closer to $750–$800 million. From the current market cap of ~$350 million, this figure translates to a 2x–2.5x expansion, which is achievable—but not without key shifts in market dynamics.

For the things to change in favour of the crypto, 

• Demand must return: TVL, volume, and on-chain activity need to show sustained recovery, not incentive-driven spikes.

• Supply pressure must be absorbed: Ongoing token unlocks need consistent buy-side demand to prevent dilution from capping rallies.

• Structure must improve: Price needs to reclaim and hold above key resistance zones, especially the $0.08–$0.10 region.

Without that shift, even a 2x move risks being temporary, as continued unlocks could once again weigh on the SEI price.

The post Enjin (ENJ) Price Explodes 30% as Short Squeeze Ignites—What’s Driving the Rally? appeared first on Coinpedia Fintech News

Enjin (ENJ) price has staged a sharp breakout, surging over 30% in a single move and reclaiming the $0.03 level after weeks of downtrend. The daily chart shows a clear momentum shift, with ENJ breaking out of its consolidation range on a surge in volume by more than 2000%. 

At the same time, derivatives data reveal the real driver behind this rally, a cascade of short liquidations. Adding another layer, the funding rate remains deeply negative even as the price rises—a classic divergence that suggests traders were heavily positioned against the move and got caught offside.

Together, these signals point to one key question: Is ENJ entering a genuine trend reversal, or is this a liquidity-driven squeeze that could fade?

Why Is Enjin (ENJ) Price Rising Today?

ENJ’s rally is not being driven by organic demand alone — it is a derivatives-led squeeze amplified by aggressive positioning imbalances. The data shows a classic setup where crowded shorts got trapped, forcing the price higher.

Liquidations: Short squeeze is the trigger

The liquidation chart shows a massive spike in short liquidations, especially in the latest move. This means bearish traders were caught offside as the price broke higher, forcing them to buy back positions.

Large red liquidity bars suggest shorts getting wiped out, creating forced buying pressure, but not a voluntary demand. As a result, the price experienced a sharp, vertical price expansion, which is the primary catalyst behind the spike. 

Open Interest: New money is Entering, Not Exiting

Open interest surged significantly in the past 24 hours, from $19 million to $54.7 million in a few hours, suggesting a massive influx of liquidity. 

The rising OI, along with a price rise, hints towards new positions being added, which is not just a short-covering rally fading out. This signals fresh speculative interest entering ENJ; however, more leverage indicates higher volatility and faster reversals if sentiment flips.  

Funding Rate: Market was Leaning Short

Before the breakout, derivatives data show the market was heavily tilted toward short positions. This imbalance created the perfect conditions for a squeeze, where even a small upside move could trigger aggressive liquidations and accelerate the rally.

The majority of the traders were positioned short, but the market moved against them, triggering liquidations. This confirms the move was contrarian and squeeze-driven, and hence, when funding flips too fast after this, it often marks local tops. 

Enjin Price Analysis: Here’s What to Watch Next

ENJ’s latest move marks a clear shift from compression to expansion, with price reclaiming the $0.03 level after a prolonged downtrend. The breakout is backed by a sharp spike in volume and a strong push in On-Balance Volume (OBV), indicating aggressive participation. However, the broader structure still sits within a larger range, with key resistance overhead and mixed confirmation from money flow indicators.

From a structure standpoint, ENJ has broken above its immediate consolidation range near $0.026, but is now approaching a critical supply zone. The long upper wick on the recent candle suggests initial rejection at higher levels, while Chaikin Money Flow (CMF) remains below zero, signaling that sustained capital inflows are still not fully established. This creates a setup where momentum is strong, but follow-through remains uncertain.

Key Levels to Watch

• $0.038 – $0.040: Major resistance zone. This is where the latest rejection occurred and where sellers are likely active.

• $0.030 – $0.031: Immediate pivot level. Holding above this keeps short-term momentum intact.

• $0.026 – $0.027: Previous breakout zone. A key level to watch for potential retests.

• $0.020 – $0.022: Strong support base from recent consolidation. Loss of this level significantly weakens the structure.

The Bottom Line: Will Enjin (ENJ) Price Rally Prevail for Long?

ENJ has seen a sharp momentum-driven move, but it is now approaching a zone where follow-through becomes more important than the initial breakout. The rally shows strength, yet its durability will depend on whether the price can stabilise and build above recent levels rather than react with quick spikes and pullbacks.

At this stage, ENJ is transitioning from a breakout move into a test of strength, where holding higher levels will determine whether the rally can extend further.

The post Crypto Trading Volume Drops 48% — Is the Market Running on Leverage Alone? appeared first on Coinpedia Fintech News

The crypto market may appear stable on the surface, but underlying activity is cooling rapidly. Data shows that total centralized exchange (CEX) trading volume has dropped to around $4.3 trillion, marking a sharp 48% decline from the October 2025 peak. This slowdown points to weakening participation, even as prices attempt to hold higher levels.

More importantly, the structure of the market is shifting. Perpetual futures now dominate with nearly $3.5T in volume, while spot trading has shrunk to just $0.8T. This cryptoquant data highlights the imbalance, suggesting the market is increasingly driven by leverage rather than real demand, a setup that often leads to fragile rallies and higher volatility.

Futures Dominate as Spot Demand Weakens

The latest CEX volume breakdown highlights a clear imbalance in market participation, with derivatives now driving the majority of activity. Total trading volume has cooled significantly, but more importantly, the composition has shifted—perpetual futures account for nearly $3.5T, while spot volumes lag far behind at around $0.8T.  

The chart shows that spot volume has been steadily declining since early 2025, indicating reduced long-term investor participation. At the same time, futures volume, after peaking near $10T, is also beginning to trend lower, pointing to a broader slowdown. However, the dominance of derivatives remains intact. This suggests that current market moves are largely fueled by short-term positioning and leverage.

Spot Activity Is Fading Across Exchanges

Spot trading volume is clearly trending lower across major exchanges, pointing to a steady decline in real market participation. After strong peaks in late 2024 and 2025, recent data shows a sharp cooldown into 2026, with volumes dropping across the board—even as leading platforms like Binance continue to hold dominance.

Spot volume represents real buying interest, and its decline signals that fresh capital is not entering the market at the same pace. Since the drop is broad-based and not limited to specific exchanges, it indicates an overall pullback in participation rather than a shift in liquidity. As a result, the market becomes more dependent on derivatives, making price action less stable and more prone to sharp reversals.

Futures Activity Is Cooling — But Still Dominant

Futures trading volume is starting to cool after months of elevated activity, reflecting a slowdown in leveraged participation. While volumes remain relatively high compared to historical levels, recent data shows a clear decline across exchanges into 2026, following peaks seen in late 2024 and 2025.

Futures still dominate overall activity, but the drop suggests that leveraged traders are becoming less aggressive. Since derivatives have been driving most of the market movement, this cooling phase indicates reduced speculative pressure. However, with spot demand already weak, the decline in futures activity adds another layer of caution, signaling that both real demand and leveraged momentum are fading together, which can lead to slower trends or sudden volatility.

Exchange Share Is Shifting as Volume Declines

Even as overall spot volume contracts, the distribution of activity across exchanges is gradually changing. Binance continues to dominate, but its share has been trending lower, with other platforms steadily gaining ground. This shift is subtle but consistent over time.

The market isn’t attracting new capital; it’s redistributing existing liquidity across more venues. As dominance spreads out, liquidity becomes less concentrated, which can reduce efficiency in price discovery. In a low-volume environment, this kind of fragmentation often leads to choppier moves and less reliable trends, as no single venue drives clear direction.

Wrapping it Up- Cooling Activity Signals a Fragile Market

The data points to a clear shift: trading activity across CEXs is cooling, and participation is weakening across both spot and derivatives markets. Total volumes have dropped sharply from their late-2025 peaks, while spot demand has shrunk to a fraction of overall activity. At the same time, liquidity is spreading across more exchanges instead of expanding.

This doesn’t necessarily mean the market is about to collapse, but it does signal a less stable environment. With lower spot participation and declining leverage momentum, rallies are likely to face slower follow-through and higher volatility. For sustained upside, the market will need to see spot demand and overall trading activity recover—otherwise, price movements may remain fragile and prone to sharp reversals.

The post Bittensor Price Nears Key Resistance — Why $360 Could Stall the TAO Rally appeared first on Coinpedia Fintech News

Bittensor (TAO) price posted a strong move over the past few hours, climbing nearly 8% to test a key resistance near $350. However, sellers quickly stepped in, capping the rally and pulling the price back toward $335. While the structure remains clean and momentum appears strong, this is not a confirmed breakout—TAO is still testing a major supply zone, leaving the rally vulnerable.

The key question now is whether bulls can sustain this momentum, as a move toward $400 hinges on a decisive break above this resistance.

Open Interest Trend Signals Caution

TAO’s Open Interest has surged sharply alongside the recent price rally, highlighting a strong influx of market participation. The metric climbed from roughly $150M to over $550M during the move, reflecting aggressive positioning as the price pushed higher. However, the trend did not sustain, with OI pulling back and stabilizing near $380M–$400M, even as price continues to hold elevated levels.

This divergence is important. While the initial spike confirms strong interest, the decline suggests that positions are now being closed or unwound rather than added. In strong trends, a rising price is typically supported by rising OI. Here, the cooling OI indicates that the rally may have been driven by short covering and leveraged trades, not consistent spot demand. Unless Open Interest begins to expand again with price, the current move risks losing momentum near resistance.

TAO Price Action Approaches Key Supply Zone

Bittensor (TAO) has delivered a strong recovery, climbing from sub-$200 levels to now trade around $335–$340, reclaiming multiple key zones along the way. The price has formed a clear higher low–higher high structure, with consolidation bases around $260 and $300, indicating controlled accumulation rather than a random spike.

However, the rally is now approaching a major resistance zone between $350 and $380, which aligns with a previous breakdown area. This makes it a high-pressure zone where sellers are likely to step in again.

While price action remains constructive, the indicators show a different picture:

• CMF remains negative (~ -0.17) → capital outflows persist
• MACD is flattening after a bullish crossover → momentum is slowing
• Price is rising, but buying pressure is not increasing proportionally

This creates a critical divergence as the structure is bullish, but the underlying strength is weak. In strong rallies, money flow supports price. Here, it doesn’t, which increases the risk of rejection near resistance.

Key Levels to Watch

• Immediate Resistance: $350–$360
• Breakout Confirmation: Sustained move above $380
• Upside Targets: $400 → $468
• Immediate Support: $330
• Breakdown Level: Below $330
• Downside Targets: $300 → $260

TAO at Decision Point—Breakout or Rejection?

Bittensor (TAO) price is testing a high-pressure zone near $350–$360, where momentum needs confirmation. The structure is bullish, but weakening money flow and cooling OI suggest caution. A clean break above $380 can extend the rally toward $400 and $468. However, failure to clear resistance increases the risk of a pullback, with $300 and $260 as key downside levels.