Market
Bitcoin Price Drops Again—Is $80K the Last Defense for Bulls?
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Bitcoin price started a fresh decline below the $88,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term.
- Bitcoin started a fresh decline from the $92,500 zone.
- The price is trading below $88,000 and the 100 hourly Simple moving average.
- There is a connecting bearish trend line forming with resistance at $86,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The pair could start another decline if it fails to stay above the $82,000 zone.
Bitcoin Price Dips Further
Bitcoin price failed to stay above the $92,500 level and started a fresh decline. BTC declined heavily below the $90,000 and $88,000 support levels.
The price even dived below the $85,000 level. It tested the $80,000 zone. A low was formed at $80,525 and the price is now consolidating losses. It is back above the $83,500 level and the 23.6% Fib retracement level of the downward move from the $89,203 swing high to the $80,525 low.
Bitcoin price is now trading below $85,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $85,000 level or the 50% Fib retracement level of the downward move from the $89,203 swing high to the $80,525 low.
The first key resistance is near the $85,500 level. There is also a connecting bearish trend line forming with resistance at $86,150 on the hourly chart of the BTC/USD pair.
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The next key resistance could be $87,150. A close above the $87,150 resistance might send the price further higher. In the stated case, the price could rise and test the $88,500 resistance level. Any more gains might send the price toward the $90,000 level or even $90,500.
Another Drop In BTC?
If Bitcoin fails to rise above the $86,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $83,000 level. The first major support is near the $82,000 level.
The next support is now near the $81,200 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.
Technical indicators:
Hourly MACD – The MACD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $82,000, followed by $80,000.
Major Resistance Levels – $85,000 and $86,000.
Market
XRP Bears Resurface—Key Levels to Watch Now
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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Market
Bitwise’s Matt Hougan Foresees the End of Meme Coin Boom
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According to Matt Hougan, Bitwise’s Chief Investment Officer, the meme coin market hype is heading for a dramatic downfall, which could mark its end.
Hougan pointed to a series of high-profile scams and illicit activities as the catalysts that will likely extinguish the speculative frenzy surrounding meme coins.
Bitwise CIO Discusses the End of Meme Coin Era
In a recent X (formerly Twitter) post, Hougan noted that the crypto market is currently processing the end of the meme coin frenzy. While the decline may not happen overnight, he predicts that it could be effectively dead within six months.
“The combination of Melania, Libra, and the Lazarus Group using meme coins to launder stolen ETH will kill it dead,” the post read.
The MELANIA token, tied to the former US First Lady, and LIBRA, promoted by Argentine President Javier Milei, have both been embroiled in controversy after insiders reportedly cashed out millions.
Meanwhile, the Lazarus Group has reportedly leveraged platforms like Pump.fun—a Solana (SOL)-based meme coin launchpad recently compromised in a hack—to launder over $1.5 billion in stolen funds from a massive Bybit exchange heist.
Hougan emphasized that the decline of interest in meme coins could leave a short-term void in market enthusiasm. Yet, new narratives are already poised to take their place. These include the institutional adoption of Bitcoin (BTC), which continues to gain traction with ETFs and large-scale corporate holdings.
Stablecoins are becoming crucial as major institutions hint at increased adoption. Tokenization is unlocking liquidity in real-world assets. Finally, decentralized finance (DeFi) is staging a comeback, attracting retail and institutional users with fresh innovations.
Nonetheless, not all share Hougan’s pessimism. Memecoins have long thrived on hype and community belief rather than intrinsic value—a phenomenon recently praised by Cryptoquant CEO Ki Young Ju.
“If you can create something people believe in, you can thrive as an entrepreneur in the crypto industry,” he stated.
Ju argued that meme coins tap into deep-seated human instincts and cultural patterns. They reflect the need for symbols and beliefs that bring people together, much like religious or spiritual systems have in the past.
Despite Hougan’s concerns, the meme sector is still showing signs of life. At press time, its market cap stood at $64.2 billion, reflecting a 1.2% increase in the last 24 hours.
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This growth contrasts with the broader crypto market, which has shed $109 billion at the same time. Notably, 7 of the top 10 meme coins have posted gains in the past 24 hours.
Nonetheless, despite these recent gains, 90% of the top 10 meme coins have registered losses over the past week.
Disclaimer
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Market
BNB Price Shows Strength—Is a Comeback in Play?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
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