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ron price is on the rise, rising above $0.0760 against the US Dollar. TRX is outperforming Bitcoin and may rally further towards the $0.0820 resistance.

Tron is trading higher against the US Dollar from the $0.0720 support zone.

The price is trading above $0.0760 and the 100 simple moving average (4-hours).

There is a key bullish trend line forming with support near $0.0762 on the 4-hours chart of the TRX/USD pair (Data source: Kraken).

The pair is likely to continue climbing towards $0.080 and $0.0820.

Bitcoin (BTC), the leading cryptocurrency by market capitalization, continues to show signs of an ongoing downward trend. Currently trading between the $26,000 and $25,800 levels, it is approaching the key support at $25,400.​

The importance of this threshold for BTC bulls cannot be overstated, as it has the potential to halt a sustained decline.

Analysts warn that Bitcoin faces critical levels and could fall

Bitcoin is at a critical juncture as it tests key support levels. Analysts point to the key support level of $25,400 as a make-or-break threshold for BTC bulls.​

Bitcoin (BTC) has continued its decline over the past three weeks, falling to $25,168 due to rising bond yields and changes in the economy. The cryptocurrency hit a two-month low of $26,000, down 0.74% in 24 hours and down 11% over the past week. Other major digital currencies such as Ethereum and Ripple also saw significant losses. Market sentiment towards Bitcoin is both bearish and bullish.

Bitcoin bullish and bearish levels

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Analysts keep a close eye on Bitcoin’s support and resistance levels. @ali_charts on X warns that a break above the $25,400 support could lead to a drop to $20,590. Keith Alan of Material Indicators recommends a price drop to $25,000. Both believe that below $25,000, BTC could fall further, perhaps even to $20,000.

Shibarium is an Ethereum layer 2 solution that can be called one of the most hyped crypto projects of 2023 and is expected to introduce higher network speeds and lower transaction costs to the Shiba Inu ecosystem.

After months of beta testing, Shiba Inu developers finally announced on August 16 that the Shibariun mainnet is now online. However, contrary to popular predictions, Shiba Inu’s most famous token, SHIB, appears to have taken a nosedive in this development.​

Shibarium Ethereum Bridge Outage, SHIB Maintains Bearish Formation

The launch of Shibarium has so far had a negative impact on SHIB, with the token losing 6.86% of its value in the past 24 hours, according to CoinMarketCap. Today’s drop in SHIB follows an overall poor performance for the token this week, falling from $0.00001059 on Monday to $0.000009527 on Wednesday.​

Ethereum’s social dominance surged after Trump’s cryptocurrency portfolio was revealed.

Bears are taking control after ETH fell below key support levels.

Former US President Donald Trump holds Ethereum [ETH] and the crypto world is ecstatic. It reportedly sparked a surge in social activity on Ethereum over the past 24 hours.

Trump’s indictment has been making headlines, but news of his cryptocurrency holdings has taken over. Recent reports revealed that Trump owns a crypto address that holds more than $2.8 million worth of Ethereum.

Dogecoin is down more than 10%, trading below the $0.070 resistance against the US dollar. DOGE could extend losses if the price falls below $0.065.

DOGE is currently in bearish territory below $0.072 against the US Dollar.

The price is trading well below the $0.070 area and the 100 simple moving average (4-hours).

A key bearish trend line is forming with resistance near $0.071 on the 4-hours chart of the DOGE/USD pair (Data source: Kraken).

The price is likely to correct higher, but upside is likely to be limited above $0.072.

Uniswap shows strong bearish outlook on shorter time frames

The confluence of higher timeframe demand areas and range lows highlights key areas on the price chart

The daily chart of Uniswap [UNI] has been in an uptrend since early July. In August, bulls faced rejection at $6.7, signaling a potential range for the coin to trade in the coming weeks.

Bitcoin [BTC] fell from $29,600 on August 14 to $29,100 at press time. Although the drop was only 1.66%, it has seriously affected sentiment in the altcoin market. Uniswap has faced significant selling pressure over the past 24 hours.

Data shows that Bitcoin holders have remained hesitant recently as market sentiment has remained neutral for more than three weeks.

Bitcoin Fear and Greed Index Continues to Point to Neutral Sentiment

The Fear and Greed Index is an indicator that tells us about the overall sentiment among investors in Bitcoin and the broader cryptocurrency market. The indicator finds this sentiment after taking into account factors such as volatility, trading volume, social media analysis, market capitalization dominance and Google Trends.

This indicator uses a numerical range from zero to one hundred to represent this sentiment. All values ​​of the index below 46 imply fear in the market, while values ​​above 54 indicate that most sentiment is greedy.

Bitcoin (BTC) price has remained within a tight range between $28,000 and $29,000 over the past few weeks.​

In August, BTC outperformed the stock market S&P 500 index.

The world's largest cryptocurrency, Bitcoin (BTC), has been trading within a tight range between $28,000 and $29,000 over the past few weeks, according to popular analytics firm Santiment. However, even with this bearish momentum, Bitcoin is still outperforming the stock market S&P 500 Index. Bitcoin was trading slightly higher yesterday after hitting a weekly low of $29,088.

Bitcoin and other cryptocurrency markets are facing historically low levels of volatility, with investors showing signs of extreme fatigue. The largest cryptocurrency is down 0.5% in the past 24 hours to $29,168, with support at $29,000 likely succumbing to bears’ attempts to explore areas such as $28,000 and $25,000.

Bitcoin faces rectangular pattern breakout

The technical outlook on the four-hour chart shows the formation of a rectangular pattern that could implode, leaving Bitcoin vulnerable to losses. This bearish pattern allows traders to identify breakouts in Bitcoin price and profit from the downtrend.

Litecoin (LTC): Bearish Downturn

Litecoin (LTC) has been facing challenging times. That said, Litecoin price has fallen by 14.3% in the past 30 days.

In recent Litecoin news, the third halving event was completed by Litecoin. However, this development did not help the Litecoin cryptocurrency as bears took control. In fact, Litecoin even dropped as low as $80.52 at one point.

This bearish trend continues, with Litecoin price currently trading at $83.11 and a market cap of $6.1B, down 14.86% overnight. Additionally, its trading volume plunged 20% to $242,484,931. Because of all these red charts, many Litecoin holders are trying to find new ways to diversify their portfolios.

The total number of inscriptions on the Bitcoin blockchain has exceeded 24 million.

Bitcoin NFTs are no longer in the top five in terms of trading volume.

Over the past few months, the Bitcoin ordinal has witnessed an interplay of highs and lows, marking a major shift in the ecosystem. As of press time, the total number of inscription data minted has exceeded 24 million.​

From valley to peak

Data from Dune Analytics shows that the BTC serial number exceeding the 24 million mark may be related to the increase in the number of daily inscriptions. On August 14, the number of daily minted inscriptions on the Bitcoin blockchain was 317, 350. This was the highest number last week.

Ethereum’s fate depends on its ability to shake off its current momentum.

At the time of writing, ETH price is at $1,840, down slightly by 0.36%.

Ethereum, the second-largest cryptocurrency by market capitalization, is locked in a tug-of-war between bullish and bearish forces as it struggles to break above the $2,000 mark. ETH is down 4.36% in one month. Additionally, this is further supported by a 3.04% drop in trading volume over the past 24 hours and a 0.30% drop in market capitalization over the same period.

While there have been some positive developments recently, such as PayPal’s launch of an Ethereum-based stablecoin and growing interest from financial giants in Ethereum-based exchange-traded funds (ETFs), the network is grappling with one notable challenge — —High gas bills. These fees for transactions, including those involving smart contracts, have averaged more than $4 over the past two months. This has impacted demand for Ethereum decentralized applications (DApps), inhibiting the growth of the ecosystem.

Ethereum price is struggling to move above $1,850 against the US Dollar. ETH is likely to fall towards the $1,800 support in the short term.

Ethereum is trading below the $1,850 and $1,860 resistance levels.

The price is trading below $1,850 and the 100 hourly simple moving average.

There is a key contracting triangle forming support near $1,840 on the hourly chart of ETH/USD (data feed via Kraken).

If the price fails to close above the $1,860 resistance, the pair may drop towards $1,800.

Ethereum price drops again

On-chain analytics service Lookonchain recently revealed that now-bankrupt crypto lending platform Voyager Digital has been selling its crypto assets on Coinbase in recent days. Over the past four days, the defunct lender has sold 49 different crypto assets, netting around $63 million. For SHIB Army, the most notable sale was 1.4 trillion Shiba Inu tokens worth nearly $14.4 million.

In addition to SHIB, Voyager’s sale also includes large amounts of Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Polygon (MATIC), and Decentraland (MANA). “Voyager has been selling assets on#Coinbaseover the past 4 days and has sold 49 tokens for approximately $63M. Of these: 781 BTC ($23M); 9,570 ETH ($17.6M); 1.4T SHIB ($14.4M); 234,660 LINK ($1.74M); 1.87M MATIC ($1.27M); 3M MANA ($1.1M);” Lookonchain tweeted.

As the Bitcoin and crypto industry may be at an important moment, the D.C. Circuit Court of Appeals is expected to rule this week on Grayscale Investment’s lawsuit against the U.S. Securities and Exchange Commission (SEC). The lawsuit relates to Grayscale’s proposal to convert its Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF).

Will Grayscale Bitcoin Spot ETF Make a Decision This Week?

Bloomberg analyst James Seyffart expressed his opinion on a possible decision date on Twitter, referring to the timeline for a Bitcoin spot ETF, saying “tomorrow, August 15th.” The accounting specifies Aug. 15 as the date for the decision in the lawsuit between Grayscale and the SEC.

Toncoin (TON) recently saw a notable breakout, breaking out of a month-long consolidation phase and providing traders with a glimmer of hope.

The coin’s price range, which had been capped between $1.31 and $1.49, has since broken free, but has faced some challenges.

During the consolidation phase, Toncoin made several attempts to break above the critical $1.50 mark. These efforts have fueled optimism among bullish market participants, hinting at a potential upward trajectory.​

However, despite their persistence, the coin failed to break through the psychological barrier and eventually fell back below it.

Ripple’s coin price is consolidating above $0.620 against the US Dollar. If XRP price clearly breaks above $0.650, the price may start to rise significantly.

Ripple’s coin price moved lower from the $0.6650 resistance against the US Dollar.

The price is currently trading below $0.65 and the 100 simple moving average (4-hours).

There is a key bearish trend line forming with resistance near $0.628 on the 4-hours chart of the XRP/USD pair (Data source from Kraken).

Without a break above $0.63 and $0.65, the pair is likely to continue falling.