Market
Exploring 3 Hot New Cryptos: VINE, MIA, and ANIME
Vinecoin (VINE), Made In America (MIA), and Animecoin (ANIME) are three new cryptos launched this week with notable activity. Vinecoin, created by Vine co-founder Rus Yusupov, has a $162 million market cap and over 103,000 holders.
MIA, built on Solana, is leveraging the “Made in USA” narrative with a $2.8 million market cap and strong transaction numbers. ANIME, launched by the Azuki NFT team, reached a $265 million market cap but is now in oversold territory after a 27% price drop.
Vine Coin (VINE)
Vinecoin, a coin launched by former Vine co-founder Rus Yusupov, debuted on Pumpfun and quickly gained traction. With a $162 million market cap and $450 million in daily trading volume, the coin has drawn significant attention following Yusupov’s post on X two days ago.
The project has already attracted over 103,000 holders and more than 324,000 transactions. However, questions about Yusupov’s intentions have created skepticism, with some traders debating the coin’s long-term viability.
Vinecoin’s RSI is at 42.5, close to oversold levels, while its price is down 34% in the last 24 hours. This suggests cooling momentum, with the potential for further bearish pressure or a period of stabilization before recovery.
Made In America (MIA)
MIA, launched on the Solana blockchain, was launched just four days ago and is aiming to capitalize on the “Made in USA” narrative linked to the Trump administration’s crypto strategy. The coin positions itself as a US-issued asset that could align with potential policy shifts favoring domestic crypto projects.
With a market cap of $2.8 million and a daily trading volume of $3.7 million, MIA has gained attention despite being down 22.8% in the last 24 hours. It has already reached more than 150,000 transactions in a single day and boasts roughly 5,500 holders, showing interest in new cryptos tied to this narrative.
MIA’s RSI is currently at 55, indicating neutral momentum, with neither overbought nor oversold conditions. If the “Made in USA” narrative gains traction in the coming weeks, MIA could see significant upside as investors look for coins aligned with the administration’s strategy, reinforcing its potential as a key player among new cryptos.
Animecoin (ANIME)
ANIME was one of the most anticipated new cryptos of the week, launched by the team behind the popular NFT project Azuki. The coin’s strong connection to a major NFT brand has generated significant interest among investors and enthusiasts.
Built on Arbitrum, ANIME has already reached a market cap of $265 million with over 16,000 holders. Despite its impressive start, its price is down 27% in the last 24 hours, even as it recorded $44 million in daily trading volume.
With an RSI of 21.95, ANIME is in oversold territory, signaling potential exhaustion in selling pressure.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Sees a Bearish Shift: Key Levels to Watch
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Market
Bitcoin Price Dips But Nears $100K: A Pullback or a Launchpad?
Bitcoin price struggled near $107,000 and corrected gains. BTC is now approaching $100,000 and might find bids in the near term.
- Bitcoin started a downside correction from the $107,000 zone.
- The price is trading below $103,500 and the 100 hourly Simple moving average.
- There was a break below a connecting bullish trend line with support at $104,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another increase if it stays above the $100,000 support zone.
Bitcoin Price Dips Again
Bitcoin price started a decent upward move above the $105,500 zone. BTC was able to climb above the $106,000 and $106,500 levels.
The bulls even pushed the price above the $107,000 level. However, the bears were active above the $107,000 zone. A high was formed at $107,080 and the price is now correcting gains. There was a move below the $105,000 level.
Besides, there was a break below a connecting bullish trend line with support at $104,800 on the hourly chart of the BTC/USD pair. The pair tested the $100,700 zone. A low is formed at $100,700 and the pair is now consolidating losses.
Bitcoin price is now trading below $103,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $102,200 level or the 23.6% Fib retracement level of the downward move from the $107,080 swing high to the $100,700 low.
The first key resistance is near the $104,000 level. It is close to the 50% Fib retracement level of the downward move from the $107,080 swing high to the $100,700 low. A clear move above the $104,000 resistance might send the price higher. The next key resistance could be $105,000.
A close above the $105,000 resistance might send the price further higher. In the stated case, the price could rise and test the $106,200 resistance level. Any more gains might send the price toward the $107,000 level.
More Losses In BTC?
If Bitcoin fails to rise above the $102,200 resistance zone, it could start a downside correction. Immediate support on the downside is near the $100,500 level. The first major support is near the $100,000 level.
The next support is now near the $88,500 zone. Any more losses might send the price toward the $86,500 support in the near term.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $100,500, followed by $100,000.
Major Resistance Levels – $102,200 and $104,000.
Market
Ethereum Price Fails Key Breach; Investors Sell $1.3 Billion ETH
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has faced persistent struggles throughout the year.
Despite multiple attempts to reclaim momentum, Ethereum has fallen below $3,000 on occasion, reflecting an inability to sustain recovery. This lack of upward movement has triggered investor caution, leading many to sell their holdings to secure profits.
Ethereum Investors Run Out Of Patience
Investor sentiment surrounding Ethereum has shifted notably, with holders moving to offload their assets amid growing skepticism. Over the past week, more than 410,000 ETH, worth over $1.3 billion, has been sold. This spike in sell-offs is evident in the increased ETH supply on exchanges, a clear signal that investors are capitalizing on recent price action rather than holding for long-term gains.
This rise in selling pressure highlights the waning confidence among market participants, who appear unconvinced of Ethereum’s ability to sustain a meaningful recovery. The absence of strong upward price action has further fueled uncertainty, leading to a shift toward profit-taking behavior.
Ethereum’s macro momentum presents a mixed outlook. The Network Value to Transaction (NVT) signal, a key metric for assessing valuation, has dropped to a 25-month low. This suggests that Ethereum is currently undervalued, which historically indicates a potential for recovery and a rally in the medium to long term.
The undervaluation shown by the NVT signal could prevent Ethereum from experiencing sharp corrections, offering some hope for a reversal in sentiment. If this undervalued status attracts renewed interest, ETH may have a chance to stabilize and push beyond its current barriers.
ETH Price Prediction: Invalidating Barriers
Ethereum’s price is currently holding above the support level at $3,303, following a failed attempt to breach the $3,530 barrier. Last week, the cryptocurrency dipped to $3,131, highlighting its ongoing struggle to maintain bullish momentum.
Given the current conditions, Ethereum is likely to continue consolidating under the $3,530 resistance level. A failure to reclaim this critical barrier could see ETH falling back to $3,131, further weakening market confidence.
On the other hand, a successful breach of $3,530 could mark a turning point for Ethereum. Such a move would likely push the price toward $3,711, restoring investor confidence and invalidating the bearish outlook. However, sustained buying pressure and favorable market conditions will be critical for this scenario to unfold.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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