Is ONDO’s rally a relief move? Analyzing the critical $0.41 Fibonacci supply zone

Ondo [ONDO] has been on a bullish tear recently. The DTCC news spurred the altcoin to break highs not seen in almost three months.  Recently, Ondo Finance, working with JPMorgans Kinexys, Mastercard, and Ripple, was reported to have completed a near-real-time cross-border redemption of OUSG. This test transaction was settled within five seconds and occurred outside traditional banking windows.  Ondo Finance and the others were laying the groundwork for a 24/7 market, and this news also boosted the sentiment around the altcoin.  The Bitcoin [BTC] pullback from $82.8k has seen many altcoins take a step backward in recent days, but ONDO continued to trend higher.  Can the bulls flip $0.413 to support and set new highs, or will this rally falter soon?  Exploring the bearish long-term ONDO view  In a recent report, AMBCrypto noted that the swing structure of ONDO was bearish on the 1-day timeframe. The $0.413 level was the 78.6% Fibonacci retracement level and could still yield a bearish price reaction.  Source: ONDO/USDT on TradingView  As things stand, this view remains possible. The CMF and A/D indicators signaled strong buying pressure since the breakout past the local resistance at $0.28. The upward momentum has not stalled yet.  Source: ONDO/USDT on TradingView  The momentum indicators did not signal a

05-09

Trump’s 10% Intel (INTC) Stake Gains $47 Billion After Apple Chip Deal

Intel Corporation (INTC) Stock Performance.  “Thats a gain of +$47.6 BILLION in less than 8 months. Truly unprecedented,” analysts at the Kobeissi Letter commented.  Why the Apple deal matters for Intel  The Wall Street Journal first reported the deal, the first time Apple has agreed to use Intel for production silicon. Apple has historically depended on Taiwan Semiconductor Manufacturing Company for its custom chips.  Commerce Secretary Howard Lutnick had met repeatedly with CEO Tim Cook to push the partnership forward.  BREAKING: Apple $AAPL and Intel $INTC have reached a preliminary agreement for Intel to manufacture chips for Apple devices, per WSJ.  Trump administration pushed for the deal. Commerce Secretary Lutnick met repeatedly with Tim Cook over the past year.  Intels foundry business has spent more than a year searching for an anchor customer. Microsoft signed on for the 18A process earlier this year.  April 2026 was Intels strongest month on record with a 114% gain. The Apple deal adds another major customer to a foundry roadmap once viewed as struggling. It feeds the broader push to onshore semiconductor manufacturing.  The $47.6 billion gain remains on paper. Any sale will hinge on market conditions. It also depends on political appetite for booking a profit on what was framed as industrial

05-09

U.S. Treasury Buys Back $4 Billion of Debt, Why Bullish For Bitcoin Traders

The post U.S. Treasury Buys Back $4 Billion of Debt, Why Bullish For Bitcoin Traders appeared first on Coinpedia Fintech News  The U.S. The Treasury bought back $4 billion of its own debt this week as part of a broader effort to improve market liquidity and stabilize bond trading conditions. For crypto investors, the move matters because rising liquidity has historically supported major rallies in Bitcoin and other digital assets.  Could this become another bullish catalyst for Bitcoin?  Why the Treasury Is Buying Back Debt?  In a recent press release, the U.S. The Treasury announced $4 billion in buybacks, including purchases of 10- to 20-year Treasury bonds on May 7, followed by a short-term TIPS buyback on May 8.  Together, these operations brought the total liquidity support this week to nearly $6 billion.  The Treasury Department said the operation mainly targeted older “off-the-run” securities, bonds that are less actively traded in secondary markets.  By repurchasing these bonds, the government aims to:Improve Treasury market liquidityReduce volatility in bond pricingSupport smoother trading conditionsMaintain confidence in U.S. debt markets  The Treasury market plays a critical role in global finance because U.S. government bonds remain the worlds primary reserve asset and a foundation for global liquidity systems.  Why Crypto Traders Care About Treasury

05-09

Binance Will Support the Chiliz Fan Tokens Contract Swap on May 11

Binance will support the Chiliz Fan Tokens contract swap on Chiliz Chain (CAP20). The transition moves eight major fan tokens from whole integers to 18 decimal places.  Binance Will Support the Chiliz Fan Tokens™ Contract Swap on Chiliz Chain (CAP20).  The eight tokens involved are AC Milan (ACM), AS Roma (ASR), Atlético de Madrid (ATM), FC Barcelona (BAR), Manchester City (CITY), Juventus (JUV), OG (OG), and Paris Saint-Germain (PSG). Deposits and withdrawals will pause on May 11 at 01:00 UTC.  Why the Contract Swap Matters  Whole integer tokens have a real limitation. You can‘t hold fractional units. That’s a problem for any token that wants to behave like a normal crypto asset, where users can buy small amounts and trade at precise prices.  Moving to 18 decimal places fixes that. Users can hold fractional fan tokens. Pricing becomes more precise. Trading mechanics line up with what every other major crypto asset already supports. Its a technical upgrade that opens up the user base by making the tokens behave the way crypto users expect.  What Happens on May 11  At 2026-05-11 01:00 UTC, Binance will suspend deposits and withdrawals for all eight tokens on Chiliz Chain (CAP20). Users need to leave enough time before the cutoff for any

05-09

Coinbase Misses Q1 Estimates as Crypto Slump Deepens Losses

During an earnings call, Coinbase CFO Alesia Haas informed investors that macro circumstances were very challenging. Analysts had predicted $1.5 billion in revenue for Coinbases first quarter, but the company only made $1.41 billion.  The US cryptocurrency exchange Coinbase posted a significant first-quarter loss and revenue that fell short of Wall Street projections, sending its shares tumbling on Thursday. After posting a $667 million loss in Q4 2025, Coinbase had a net loss of $394.1 million in Q1, marking its second consecutive quarter of deficit. It turned a loss after having made $65.6 million a year earlier.  During an earnings call, Coinbase CFO Alesia Haas informed investors that macro circumstances were very challenging. Both the entire market capitalization of cryptocurrencies and the total volume of crypto trades fell by more than 20% from the previous quarter.  Exploring New Business Lines  Earnings from Coinbase follow those of other cryptocurrency firms, which had a rough start to 2026 as investors fled the market due to the market crash. Meanwhile, analysts had predicted $1.5 billion in revenue for Coinbases first quarter, but the company only made $1.41 billion. Subscription and service revenue, which represents its operations outside trading, declined 13.5 percent from the previous year, while transaction

05-09

ChatGPT, Claude, Grok Gemini Reveal XRP Forecasts for Q2 2026

AI models predict XRP could trade between $1.40 and $4.50 by Q2 2026 amid mixed market sentiment.Bullish forecasts see XRP reaching as high as $8 if ETF inflows and bank adoption accelerate rapidly.Analysts say regulation, Ripple partnerships, and Bitcoin‘s trend will likely decide XRP’s next move.  XRP is heading into Q2 2026 with mixed sentiment, as artificial intelligence models debate whether the asset could break out or continue trading sideways.  Most AI forecasts place XRP somewhere between $1.40 and $4.50 by the end of June 2026. But bullish scenarios could reach $8 if institutional adoption accelerates and ETF inflows remain strong.  At the center of nearly every prediction are the same themes: XRP ETF demand, regulatory clarity in the United States, Ripples banking partnerships, and overall crypto market conditions led by Bitcoin.  Claude Sees Regulatory Pressure Shaping XRPs Direction  According to Claude, XRP entered Q2 2026 under pressure after falling 27% during Q1. The model noted that XRP traded around the $1.41 to $1.44 zone in April.  Claude highlighted that roughly 36.8 billion XRP, representing around 60% of the circulating supply, sits near an average cost basis of $1.44. That level is a major resistance area because many holders may look to sell once they break

05-09

Ethereum Bears Target $1,800 ETH Price: Here Is Why

Ethers (ETH) price has retraced by over 5.6% to $2,275 after being rejected by resistance at $2,400. Now, multiple data points suggest ETH/USD may drop below $2,000.  Key takeaways:Low network activity signals declining usage and reduced onchain demand for ETH.Coinbase Premium remains negative as spot Ethereum ETF outflows returned, reflecting strong US-driven sell pressure.Ethers falling wedge pattern targets $1,830.  Ethers total value locked hits 12-month lows  Ethereums network fundamentals are weakening, with weekly average transactions dropping by 10% to 4.79 million, per data from Nansen. Active addresses dropped by 8% to 2.5 million over the same period.  Network fees also dropped by approximately 27%, leading to a 47% reduction in onchain revenue over the last seven days.  Additional data from DefiLlama that the weekly DEX volumes dropped to $1.64 billion on May 8, a 46% drop over the last three weeks.  Low transaction count, a drop in active addresses and declining DEX volumes reflect reduced ecosystem usage. As a result, the total value locked (TVL) in Ethereums DeFi protocols has dropped to $124.7 billion, levels last seen in May 2025.  This subdued network activity signals weak user conviction, affecting Ethers ability to sustain upside price momentum.  Ethers exit queue jumps 72,000%  Ethereums unstaking queue jumped by approximately 72,000% within

05-09

Diverging Central Bank Guidance Caps CEE FX Upside: ING

A new analysis from ING suggests that the upside potential for Central and Eastern European (CEE) currencies is being limited by diverging guidance from regional central banks. The report highlights how differing monetary policy stances across the region are creating a mixed outlook for the Polish zloty, Czech koruna, and Hungarian forint.  Policy Divergence Creates Headwinds  According to ING strategists, the primary factor capping gains for CEE currencies is the lack of a unified policy direction among the regions central banks. While some central banks have signaled a more hawkish stance, others have adopted a dovish tone, creating uncertainty for currency traders. This divergence makes it difficult for any single currency to sustain a strong rally against the euro or the dollar.  Market Implications for Traders  For traders and investors exposed to emerging European markets, the ING analysis underscores the importance of monitoring individual central bank communications rather than relying on a broad regional outlook. The lack of synchronized guidance suggests that CEE currencies may trade in narrower ranges, with occasional spikes driven by specific policy surprises. The report notes that the Hungarian forint and Czech koruna have been particularly sensitive to shifts in local interest rate expectations.  What This Means for Investors  The diverging guidance

05-09

$CWU Memecoin Soars, On-Chain Data Contradicting Public Narrative Raises Concerns

But a closer examination represents an infinitely more nuanced, and perhaps more volatile, reality.  Launched on April 9, through hyped marketing and speculative demand. Having Kufuor involved, as an official adviser, gave the project a veneer of credibility that attracted retail investors hungry to get in on the next memorable token.  Beneath this excitement however lurks disparities that have led analysts and traders to challenge the project fundamentals.  According to the $CWU team, 90% of the total supply is in circulation while only 10% is saved for the projects treasury. This structure is meant to encourage decentralisation and greater engagement.  On the contrary, on-chain data tells a different story.  According to bubblemaps, about 87% of total token supply is located in a cluster of wallets that seem “interconnected.” These sizable bag sizes allow the effective pooling of price and market liquidity into one or more colluding parties.  The differences between the tokenomics announced and what is actually distributed have raised doubts about the integrity of the project. Quoting this, a further stage of centralization similar to just what we see with Fantom 1.0 is actually troubling, especially in some sort of coin market condition where decentralized exchanges are more common and price manipulation is duly considered

05-09

Here’s The Next Major Bitcoin Resistance To Watch Out For Before A Crash

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scotts dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.  Scott‘s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.  With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion

05-09
1
...
688690
...
1000