Lighter Hits New Lows Amid Cooling On-Chain Metrics and Airdrop Selling — What's Next for $LIT?
Lighter, the decentralized perpetuals exchange built on Ethereum Layer-2, has had a rough start to 2026. The project officially launched on December 30, 2025, alongside its native token $LIT, distributing 25% of the supply via an airdrop to early users. While the launch initially sparked strong excitement — sending LIT above the $4 mark — the rally was short-lived. Within days, heavy selling pressure dragged the token down by nearly 20% in a single session. The decline didn’t stop there. By January 13, $LIT printed a fresh all-time low around $2.05, extending its weekly losses to nearly 30%. The sharp correction appears to be driven by a mix of cooling on-chain activity and aggressive airdrop-related selling. Source: Coinmarketcap Cooling On-Chain Metrics Signal Fading Early Momentum Recent on-chain data shared by crypto trader @KAIZ3NS shows a clear slowdown across Lighter’s core activity metrics. New user registrations, trading volume, and the total number of executed trades have all trended lower after peaking shortly following launch. The user registration chart highlights a noticeable spike during the initial weeks, followed by a steady decline as January progressed. Similarly, both daily trading volume and trade count on Lighter.xyz have cooled significantly from their early highs. This slowdown likely reflects a familiar post-airdrop pattern, where short-term incentive seekers rotate capital to newer protocols offering fresh reward programs. Lighter DEX Data/Source: @KAIZ3NS (X) In simple terms, the early hype brought users in fast — but keeping them engaged has proven harder once the airdrop excitement faded. Airdrop Selling Still Weighing on Price Adding further pressure to LIT’s price is continued selling from airdrop recipients. According to live data from Qwantify, only 51% of the airdropped LIT supply is currently being held. The remaining 49% has been partially or fully sold. Interestingly, the data also shows that selling hasn’t been entirely one-directional. Of the 49% that was sold, roughly 27.69% has already been bought back, suggesting that some traders are attempting to re-enter at lower levels rather than abandoning the token completely. Still, the net effect remains bearish in the short term, as distribution continues to cap upside momentum. Source: qwantify Can This Support Area Trigger a Relief Bounce? Despite the weak fundamentals in the short term, the technical picture is beginning to show early signs of potential stabilization. On the 4-hour chart, LIT appears to be forming a falling wedge pattern, a structure often associated with trend exhaustion during downtrends. The latest sell-off pushed price down to the $2.05 zone, an area that aligns with the lower boundary of the wedge and has started acting as tentative support. Lighter (LIT) 4H Chart/Coinsprobe (Source: Tradingview) If buyers manage to defend this level, LIT could see a relief bounce toward the upper boundary of the wedge, which currently sits around $2.70–$2.75. Such a move would not imply a full trend reversal but could offer short-term recovery after weeks of sustained selling. Momentum indicators are also hinting at a possible pause in downside pressure. The MACD on the 4-hour timeframe appears to be bottoming out, with bearish momentum gradually weakening. While this alone isn’t enough to confirm a reversal, it does support the idea that selling pressure may be losing steam near current levels. Bottom Line Lighter’s post-launch phase has been defined by a classic airdrop cycle: early hype, sharp distribution, and cooling on-chain activity. The drop to new all-time lows reflects real selling pressure rather than a single liquidation event. However, with a key support forming near $2.05 and technical momentum showing early signs of stabilization, LIT may be approaching a point where a short-term bounce becomes possible — provided broader market conditions don’t deteriorate further. For now, LIT remains a high-risk, early-stage asset where sentiment can shift quickly. Whether this support holds or breaks will likely define the next major move. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield anticipated results. Traders should perform independent research and make decisions aligned with their personal risk tolerance.
Dubai Cracks Down on Privacy Tokens, Tightens Stablecoin Regulations
Key Highlights Ban on Privacy Assets: Regulated firms in the DIFC are now strictly prohibited from trading, promoting, or offering services for privacy tokens. This includes a ban on obfuscation tools like mixers and tumblers.End of the “Whitelist” Era: The DFSA has removed its centralized “Recognized Tokens” list. Responsibility has shifted to licensed firms, which must now conduct and document their own suitability assessments for every token they offer.Stablecoin Crackdown: Only fiat-backed tokens with liquid, high-quality reserves qualify as “Fiat-Referenced Crypto Tokens.” Algorithmic stablecoins are stripped of their stablecoin status and moved to a higher-risk category. The Dubai Financial Services Authority (DFSA) has rolled out a significant update to its Crypto Token regulatory framework in the Dubai International Financial Centre (DIFC), effective immediately today. The changes introduce a full ban on privacy tokens (anonymity-enhanced cryptocurrencies) for regulated entities, stricter definitions for stablecoins, and a shift to a firm-led suitability assessment model — marking a key “reset” to bolster compliance, transparency, and alignment with global anti-money laundering (AML) and Financial Action Task Force (FATF) standards. Why Dubai Banned Privacy Tokens in the DIFC Under the updated rules, licensed and regulated firms operating in or from the DIFC — including exchanges, brokers, custodians, and other authorized financial service providers — are now prohibited from: Trading,Promoting,Offering derivatives on,Or otherwise dealing with privacy-focused assets. The DFSA explicitly cites the incompatibility of these tokens with international compliance norms, as their design obscures transaction histories and holder identities, making it “nearly impossible” for firms to meet FATF requirements for AML, counter-terrorism financing (CFT), and sanctions evasion prevention. Deputy Director Elizabeth Wallace stated: “Privacy tokens’ ability to conceal transaction histories and holders makes it nearly impossible for firms to comply with FATF requirements.” The framework also bans the use or offering of privacy-enhancing tools, such as mixers, tumblers, or other obfuscation services that hide transaction details. Source: dfsaen New 2026 Stablecoin Rules: Algorithmic Tokens vs. Fiat-Backed Reserves On stablecoins, the DFSA has refined classifications to limit the “fiat-referenced crypto tokens” category to those backed by fiat currencies and high-quality, liquid reserves capable of handling redemptions under stress. Algorithmic stablecoins (e.g., projects like Ethena) are no longer classified as stablecoins and fall under general crypto token rules, requiring separate suitability evaluations. A major structural change eliminates the previous centralized “recognized tokens” list (which once included assets like Bitcoin and Ethereum). Licensed firms must now conduct their own documented suitability assessments for any crypto tokens they engage with, increasing internal compliance responsibilities while offering more flexibility. The updates reflect Dubai’s strategy to position itself as a leading, compliant hub for institutional crypto, tokenized real-world assets (RWAs), and innovation — while prioritizing transparency over unrestricted anonymity. The crypto community has shown mixed reactions on social media: supporters see it as essential for mainstream adoption and institutional trust, while others worry about reduced privacy options in the region. Firms in the DIFC must adapt swiftly, with the DFSA providing detailed supervisory guidelines, policy statements, and an explainer on crypto token regulations to aid compliance. As one of the globe’s premier financial centers, Dubai’s latest crypto framework overhaul underscores its balance of fostering innovation with strong safeguards — a model likely to influence regulatory trends across the Middle East and internationally The Bottom Line The 2026 overhaul marks a decisive “reset” for Dubai’s crypto landscape. By sacrificing total anonymity in favor of institutional-grade transparency, Dubai is positioning the DIFC as a safe harbor for global banks and serious investors. For firms, the “bar has been raised”—success in this market now depends on robust internal compliance rather than just following a government-provided list. Frequently Asked Questions (FAQ) Are privacy tokens like Monero illegal to own in Dubai? The ban specifically applies to regulated firms and licensed entities within the DIFC. It does not directly criminalize personal ownership for individuals using non-custodial wallets outside of DIFC-regulated services. What is the new “Firm-Led” assessment model? Instead of following a government whitelist, licensed crypto firms in Dubai must now conduct and document their own internal due diligence to prove a token is suitable for their clients. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
Monero (XMR) Hits Major Resistance After 277% Rally — Is a $1,000 Breakout Next?
Key Highlights Monero (XMR) surged 17% in a single day, extending its monthly gains to nearly 39%.XMR price has reached the upper boundary of its long-term ascending channel, a level that has historically acted as strong resistance.The rally marks a 277% gain from the November 2024 consolidation zone near $159.Renewed interest in privacy-focused cryptocurrencies is supporting bullish momentum.A weekly close above $600 could confirm a major breakout and unlock further upside. The cryptocurrency market continues to show strong momentum in privacy-focused tokens, with Monero (XMR) standing out as one of the top performers. XMR surged nearly 17% today, extending its monthly gains to around 39%, while its market capitalization has now climbed above $10 billion. Beyond the headline rally, the longer-term chart structure reveals that $XMR has reached a technically significant zone — one that could define its next major move. Source: Coinmarketcap Monero Price Hits Major Resistance Target As highlighted on the chart, Monero has been trading within a large ascending channel that has guided price action for several years. Back in November 2024, XMR was consolidating near $159, struggling below a key horizontal resistance around $180, marked in red. At that time, price remained compressed in the lower half of the channel, reflecting accumulation rather than expansion. Fast forward to today, and XMR has delivered a powerful breakout phase. The price has surged approximately 277% from the earlier consolidation zone, driving it directly into the upper boundary of the long-term ascending channel, now hovering near the $580–$600 region. This move confirms sustained demand and strong participation from buyers, especially amid renewed interest in privacy-centric cryptocurrencies. Monero (XMR) Weekly Chart/Coinsprobe (Source: Tradingview) What’s Next for $XMR? With XMR now testing the upper channel resistance, the market has reached a critical technical junction. Historically, this zone has triggered notable pullbacks, making it a key area to monitor for either continuation or rejection. However, the broader context looks different this time. The recent strength in privacy narratives, coupled with accelerating momentum, suggests Monero may attempt something more ambitious — a breakout beyond the ascending channel. A weekly close above $600 would be a significant technical signal, confirming acceptance above long-term resistance and potentially marking the start of a new expansion phase. If such a breakout materializes, the chart projection points toward a long-term upside target near the $1,000 region, which would still represent roughly 78% upside from current levels. On the other hand, failure to sustain above the channel top could lead to a period of consolidation or a healthy pullback, allowing the market to reset before its next attempt higher. For now, Monero sits at a decisive level. Whether it pauses or pushes through, the current structure suggests that XMR has firmly entered a new phase of its long-term trend — one that traders and investors will be watching closely in the weeks ahead. Bottom Line Monero has reached a technically critical zone after a powerful multi-month rally. While the upper boundary of the long-term ascending channel may trigger short-term consolidation, the broader structure remains bullish. If XMR manages to secure a sustained breakout above the $600 level, the chart opens the door toward a long-term move near $1,000. Until then, price behavior around this resistance will be decisive in shaping the next phase of Monero’s trend. Frequently Asked Questions (FAQ)
What is driving Monero’s recent price surge? Monero’s rally is being fueled by renewed interest in privacy-focused cryptocurrencies, strong technical momentum, and a breakout continuation within its long-term ascending channel. Why is the $600 level important for XMR? The $600 region marks the upper boundary of Monero’s multi-year ascending channel. A sustained weekly close above this level could confirm a major breakout. Can Monero reach $1,000? If XMR successfully breaks above the long-term channel resistance and holds above $600, technical projections suggest a potential move toward the $1,000 region over time.
Uniswap ($UNI) Flashes Potential Bullish Reversal Pattern – Will It Bounce Back?
Date: 10 Jan 2026, 06:25 AM GMT The broader cryptocurrency market is taking a breather after a strong start to the year. Bitcoin (BTC), which surged close to the $94,000 level earlier this week, has slipped back toward $90,000, dragging overall market sentiment slightly lower. Ethereum (ETH) is also under pressure, with both major assets trading in the red today amid modest pullbacks. Against this backdrop, Uniswap ($UNI) is also facing selling pressure, down nearly 8% over the past week. However, beneath the surface, UNI’s price structure is beginning to show early signs of a potential bullish reversal if key levels are reclaimed. Source: Coinmarketcap Power of 3 Structure Emerging on the 4H Chart From a technical perspective, UNI’s 4-hour chart is shaping into a classic Power of 3 (PO3) pattern — a structure often seen around market turning points and trend transitions. This pattern typically unfolds in three stages: accumulation, manipulation, and expansion, with the most aggressive move usually occurring once the final phase begins. Accumulation Phase As shown on the chart, UNI previously spent a prolonged period moving sideways within a clearly defined range. Price was capped near the $6.42 resistance zone, while buyers consistently stepped in around the $5.61 support area. This range-bound behavior reflected steady accumulation, with neither bulls nor bears able to establish a decisive trend. Manipulation Phase During the recent market-wide pullback, UNI broke sharply below the $5.61 accumulation support and slid toward a local low near $5.34. This move — highlighted by the red-shaded area on the chart — fits well with the manipulation phase of the Power of 3 structure. Such breakdowns are often designed to trigger stop losses, shake out weak hands, and push sentiment into pessimistic territory. Uniswap ($UNI) Daily Chart/Coinsprobe (Source: Tradingview) Encouragingly, selling pressure has started to fade near this zone. UNI has stabilized and is now trading back around $5.46, suggesting that downside momentum may be losing strength. What Comes Next for UNI? At present, UNI remains in the lower portion of the structure, trading just below the critical $5.61 level, which now acts as a major decision zone. This level previously served as accumulation support and will be key in determining whether bulls can regain control. For the bullish scenario to gain traction, UNI needs to reclaim $5.61 and follow through with a move above the 100-period moving average near $5.87. A sustained recovery above these levels would signal a shift into the expansion phase of the Power of 3 setup, where upside momentum typically accelerates. If buyers succeed in pushing price through this resistance cluster, the broader chart projection opens the door for a move toward the $7.50 region in the weeks ahead — an area that aligns with prior structural resistance highlighted on the chart. That said, the setup remains conditional. As long as UNI continues to trade below $5.61, downside risks cannot be fully ruled out, and volatility may persist. Holding current lows and reclaiming key resistance zones will be critical for bulls to confirm a broader trend reversal. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
Bitcoin Cash (BCH) Retesting Key Bullish Breakout – Can it Make a Bounce Back?
Date: 10 Jan 2026, 05:40 AM GMT Key Highlights Bitcoin Cash (BCH) is undergoing a healthy pullback after a strong breakout from a rounded bottom pattern.Price is currently retesting the former resistance zone around $600–$625, now acting as key support.The recent breakout pushed BCH to a local high near $669, confirming bullish momentum.As long as BCH holds above the $600 region, the broader structure remains bullish despite short-term market weakness.A successful rebound from the retest could open the door for a continuation move toward the $800 region. The broader cryptocurrency market is taking a pause after a strong start to the year. Bitcoin (BTC), which recently surged close to the $94,000 mark, has pulled back below $90,000, slightly weighing on overall market sentiment. Ethereum (ETH) is also trading in the red, reflecting mild profit-taking across major assets. Amid this short-term weakness, Bitcoin Cash (BCH) is also trading lower on the day. However, beneath the surface, the technical structure remains constructive, as price is currently retesting a key bullish breakout — a setup that often precedes another leg higher if support holds. Source: Coinmarketcap BCH Retests Rounded Bottom Breakout On the daily chart, Bitcoin Cash recently completed a textbook rounded bottom formation, a classic bullish reversal pattern that typically signals a shift from prolonged consolidation to trend continuation. As illustrated on the chart, $BCH successfully broke above the neckline resistance zone around $600–$625, triggering a strong impulsive move that pushed price to a local high near $669. Following this rally, BCH entered a controlled pullback — a normal and healthy reaction after a breakout — bringing price back toward the former resistance area. Bitcoin Cash (BCH) Daily Chart/Coinsprobe (Source: Tradingview) Currently, BCH is trading near the $625 level, which is now acting as resistance-turned-support. This zone also aligns with the highlighted demand area on the chart, making it a technically important region for determining the next directional move. What the Chart Suggests Next for BCH The ongoing retest phase remains constructive as long as buyers continue to defend the $600–$625 support zone. Holding above this region would indicate that market participants are using the pullback as an opportunity to accumulate rather than exit positions. If bullish momentum resumes from this level, the first key upside objective would be a reclaim of the $669 local high. A decisive move above this level would strengthen bullish control and confirm the breakout-retest structure. Based on the measured move projection of the broader rounding bottom formation, a successful continuation could push BCH toward the $800 region. This target aligns with the projected extension shown on the chart and represents roughly 25% upside from the breakout zone. On the downside, failure to hold above the $600 support area would weaken the bullish setup and raise the risk of a deeper pullback, potentially turning the recent breakout into a failed move. For now, the price structure favors patience. As long as BCH maintains support and avoids a strong rejection from this retest zone, the broader technical outlook continues to lean bullish despite short-term market volatility. Bottom Line Bitcoin Cash remains technically constructive despite short-term downside pressure across the broader crypto market. The ongoing retest of the rounded bottom breakout is a critical phase, often seen in strong bullish continuations. Holding above the $600–$625 zone keeps the bullish structure intact and increases the probability of a renewed push higher. While failure to defend this area could invite deeper pullbacks, the current price action suggests that BCH is still positioning for a potential bounce and trend continuation. Frequently Asked Questions (FAQ) What is happening with Bitcoin Cash (BCH) right now? Bitcoin Cash is currently retesting a key breakout level after completing a rounded bottom pattern on the daily chart. This pullback is considered healthy and often occurs after strong bullish moves. Why is the $600–$625 zone important for BCH? This zone previously acted as resistance during consolidation and has now flipped into support after the breakout. Holding above this area is critical for maintaining the bullish structure. What does a rounded bottom pattern indicate? A rounded bottom pattern typically signals a long-term trend reversal from bearish to bullish. When followed by a successful breakout and retest, it often leads to strong continuation moves. What are the bullish targets for Bitcoin Cash? If BCH holds the current support and reclaims the $669 local high, the chart structure suggests a potential upside move toward the $800 region over the coming weeks. What could invalidate the bullish setup? A decisive breakdown below the $600 support area would weaken the bullish thesis and could lead to a deeper correction, potentially turning the breakout into a failed move. Is this a good time to invest in BCH? This analysis is based on technical chart structure and market behavior. Investors should conduct their own research and assess risk tolerance before making any investment decisions. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
Pi Network Introduces New Pi Library for Seamless Pi Payment Integration in Apps
Date: 10 Jan 2026, 04:15 AM GMT Key Takeaways: 10-Minute Integration: The refined SDK allows developers to set up secure, functional Pi payment flows in record time, dramatically lowering the technical barrier to entry.Massive Built-in Audience: Apps gain immediate access to an ecosystem of 60 million+ KYC-verified Pioneers hungry for real-world Pi utility.Protocol v23 Performance: Leveraging the latest Stellar-based v23 upgrade, payments are near-instant, highly secure, and optimized for high-volume dApp commerce.Native Pi Browser UX: One-tap authentication and payments directly through the Pi Browser provide a frictionless experience that feels like a modern mobile banking app.Monetization Ready: Built-in support for in-app purchases, digital goods, and the Pi Ad Network gives developers clear pathways to earn Pi. As of January 10, 2026, Pi Network is solidifying its role as a leader in mobile-first blockchain utility. Following the landmark Open Network launch and the growth of an ecosystem exceeding 60 million Pioneers, the network has unveiled its most critical developer tool yet: the refined Pi SDK, better known as the “New Pi Library.” This updated toolkit is designed to make Pi payment integration faster and more secure, allowing developers to connect their applications to the Pi Mainnet in record time. A Simplified Gateway for Pi App Developers The “New Pi Library” isn’t just an update; it’s a strategic shift to remove technical barriers. Whether you are a veteran blockchain engineer or a first-time creator, the library enables you to deploy payment functionality that is both robust and user-friendly. Why the New Pi Library is a Game-Changer: Rapid Integration: Developers are now reporting functional payment flows in under 10 minutes.Seamless Authentication: Users sign in directly through the Pi Browser, eliminating the need for complex external wallet connections.Enhanced Security: The library uses a server-assisted approval process, ensuring transactions are verified on the backend before completion.Hybrid Development: Full support for both Testnet (for debugging) and Mainnet (for live transactions).No-Code Friendly: The toolkit is fully integrated with Pi App Studio, allowing non-technical creators to add payment support with just a few clicks. Driving Real-World Utility in 2026 This launch aligns with the 2026 Pi Network Roadmap, which prioritizes scaling the “Pi Economy.” With over 220 live Mainnet applications, the focus has shifted toward high-frequency use cases: Gaming: Using Pi as in-game currency for upgrades and rewards.Marketplaces: Enabling global peer-to-peer (P2P) commerce.Social Rewards: Facilitating tips and premium content subscriptions.Local Commerce: Bridging the gap between digital currency and physical merchant adoption. By utilizing the Stellar-based Protocol v23, these transactions remain near-instant and low-cost, making Pi a viable alternative to traditional mobile payment apps. The Verdict The message for the developer community is clear: Building on Pi has never been more approachable. With the New Pi Library, the transition from a “good idea” to a “live payment app” is no longer a months-long hurdle. As more exchanges list Pi and merchant directories expand, this SDK provides the foundational “rails” for the next wave of Web3 innovation. Frequently Asked Questions (FAQ) What is the “New Pi Library”? The New Pi Library is an updated version of the Pi SDK that combines frontend tools and backend APIs into a single, streamlined package to simplify Pi Coin payment integration in apps. How long does it take to integrate Pi payments? Thanks to the streamlined toolkit and documentation, many developers can now set up a basic, secure payment flow in under 10 minutes. Does this support both Testnet and Mainnet? Yes. Developers can safely test their payment logic on the Pi Testnet before switching to the Mainnet for live Pi transactions with real users. Can I use the library if I don’t know how to code? While the library is built for developers, it is integrated into Pi App Studio, Pi Network’s no-code app builder, allowing creators to add “Pay with Pi” buttons with minimal technical knowledge. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
Polygon ($POL) Jumps After Open Money Stack Launch — Is a Bigger Move Brewing?
Key Highlights: Polygon ($POL ) climbed over 6% following the launch of Polygon Labs’ Open Money Stack, despite broader market volatility.Open Money Stack aims to enable instant, borderless on-chain payments, positioning Polygon as a core infrastructure layer for global finance.On the weekly chart, POL is forming a Power of 3 structure, often seen near market cycle lows.Price recently dipped below $0.15 before stabilizing, aligning with the manipulation phase of the pattern.A reclaim of $0.15 and the 50-week moving average could open the door for a broader upside expansion. Polygon’s native token $POL has stepped into the spotlight amid broader market volatility, posting over 6% gains in the past 24 hours despite downside pressure across major cryptocurrencies. The move comes following a major announcement from Polygon Labs, sparking renewed interest in the ecosystem. Source: Coinmarketcap Beyond the short-term reaction, the higher-timeframe chart is beginning to reveal a larger technical structure that could be setting the stage for a potential rebound — provided key levels are reclaimed in the coming weeks. Polygon Labs Announced Open Money Stack Polygon Labs has officially introduced the Open Money Stack, a modular and vertically integrated platform designed to enable seamless, instant, and borderless on-chain money movement using stablecoins. Built on Polygon’s experience facilitating over $2 trillion in on-chain value transfers, the Open Money Stack aims to act as the missing infrastructure layer connecting traditional fiat systems with blockchain rails. The framework brings together core components such as liquidity orchestration, compliance tooling, on- and off-ramps, wallet infrastructure, and on-chain yield mechanisms — all designed to remain chain-neutral and interoperable. Source: polygon.technology As Polygon founder Sandeep Nailwal and CEO Marc Boiron stated, “We freed information first with the internet. Money is next.” The initiative seeks to make global payments faster, cheaper, and accessible worldwide, while keeping capital on-chain and productive by default. The Open Money Stack is rolling out in phases, with early access currently available to design partners. Additional announcements related to payments, orchestration, and compliance are expected in the weeks ahead. Weekly Chart Structure Signals a Possible Turning Point From a technical perspective, the weekly chart suggests that POL may be developing a classic Power of 3 (PO3) structure — a pattern often associated with market cycle lows and trend transitions. This structure typically unfolds across three stages: accumulation, manipulation, and expansion, with the most powerful move often emerging once the final phase begins. Accumulation PhaseEarlier in the year, $POL spent an extended period consolidating inside a defined range, capped by resistance near $0.2766 and supported around the $0.15 region. This sideways price action reflected long-term accumulation, with neither bulls nor bears gaining decisive control. Manipulation PhaseDuring the recent market-wide downturn, POL broke sharply below the $0.15 accumulation support, sliding toward a local low near $0.107. This breakdown — highlighted by the red-shaded zone on the chart — fits well with the manipulation phase of the Power of 3 pattern, where stop losses are triggered, sentiment turns bearish, and weaker hands are flushed out. Polygon (POL) Weekly Chart/Coinsprobe (Source: Tradingview) Notably, selling pressure has begun to cool near this zone, with POL now trading back around $0.13, suggesting early signs of stabilization. What Comes Next for POL? At present, POL remains in the lower portion of the structure, trading just below the key $0.15 level — the former accumulation support that now acts as a major decision zone. For bullish momentum to gain credibility, POL needs to reclaim $0.15 and subsequently move back above the 50-week moving average near $0.2147. A sustained recovery above these levels would signal a transition into the expansion phase of the Power of 3 setup, where upside momentum typically accelerates. If price successfully pushes through the $0.2566 resistance, the longer-term chart projection opens the door toward the $0.48–$0.50 region over the coming months — an area that aligns with prior structural resistance. That said, the setup remains conditional. As long as POL trades below $0.15, downside risks cannot be fully ruled out, and volatility may persist. Holding current lows and reclaiming key resistance zones will be critical for bulls to validate a broader trend reversal. For now, POL sits at an important crossroads — one where fundamentals are strengthening, and the technical structure is quietly preparing for its next decisive move. Frequently Asked Questions (FAQ) What is driving the recent price movement in Polygon (POL)? Polygon’s recent price strength follows the announcement of the Open Money Stack by Polygon Labs, which has improved market sentiment. This fundamental catalyst, combined with a constructive weekly Power of 3 technical structure, has increased bullish interest in POL. What is the Power of 3 pattern seen on Polygon’s chart? The Power of 3 (PO3) pattern consists of three phases: accumulation, manipulation, and expansion. On Polygon’s weekly chart, price action suggests it may be transitioning from accumulation into a potential expansion phase, often associated with trend reversals. Is Polygon (POL) showing signs of a trend reversal? Technically, Polygon is showing early signs of a possible trend reversal. The formation of higher lows and reclaim attempts above key structural levels suggest buyers are gradually regaining control, though confirmation depends on sustained follow-through. Is Polygon (POL) a good investment right now? Polygon’s technical and fundamental setup looks constructive, but cryptocurrency markets remain highly volatile. Investors should consider market conditions, risk tolerance, and conduct independent research before making investment decisions. Does Polygon’s Open Money Stack impact long-term value? The Open Money Stack strengthens Polygon’s ecosystem by improving infrastructure for payments and financial applications. Over time, this could support adoption and long-term value if execution and user growth continue. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
Canton (CC) To Rise Higher? Key Breakout and Retest Hints At Potential Upside Move
Key Highlights: Canton (CC) Technical Setup Bullish Chart Pattern: Canton (CC) has confirmed a textbook Cup-and-Handle breakout on the daily timeframe, a structure typically signaling the start of a massive uptrend.Critical Support Zone: Price is currently undergoing a “healthy” retest of the $0.1390 neckline. This former resistance-turned-support aligns with a major institutional demand block.Institutional Catalyst: The technical breakout follows news of JPMorgan and Lloyds Bank integrating the Canton Network for real-world asset (RWA) tokenization and settlement.Market Resilience: Despite Bitcoin (BTC) slipping below $90,000, CC is showing relative strength by holding its breakout structure, signaling strong dip-buying activity. The broader cryptocurrency market is taking a breather after a strong start to the year. Bitcoin (BTC), which surged close to the $94,000 level earlier this week, has slipped back below $90,000, dragging overall market sentiment slightly lower. Ethereum (ETH) is also under pressure, down around 3% on the day. However, while the majors altcoins retreat, Canton (CC) is quietly flashing a technically “constructive” setup. Backed by a wave of RWA (Real World Asset) tokenization news, the $CC daily chart suggests a massive bullish move is brewing beneath the surface. Source: Coinmarketcap Fundamental Catalyst: The JPMorgan & Lloyds Bank Effect Canton’s resilience isn’t accidental. On January 7, 2026, the network saw two massive institutional wins: JPMorgan announced a phased 2026 rollout of JPM Coin natively on the Canton Network.Lloyds Banking Group executed the UK’s first tokenized gilt transaction on the platform. These milestones have transformed$CC from a speculative altcoin into a critical piece of global financial infrastructure, providing the fundamental “fuel” for the current chart breakout. Source: @CantonFdn (X) Cup-and-Handle Breakout Enters Retest Phase On the daily timeframe, Canton had been consolidating within a textbook cup-and-handle formation, a bullish continuation structure that often precedes strong upside expansion once confirmed. This pattern began forming in early November after CC faced rejection near the $0.1360 resistance zone. That rejection led to a prolonged decline, with price eventually bottoming around $0.0586. From that low, selling pressure gradually faded and buyers stepped in consistently, allowing price to carve out a smooth, rounded base over several weeks — a classic cup structure. The consolidation resolved with a clean breakout above the neckline near $0.1390, propelling CC sharply higher toward a local peak at $0.1768. Following this impulsive move, price entered a controlled pullback — a normal and healthy behavior after a breakout — setting up a retest of the former resistance area. Canton (CC) Daily Chart/Coinsprobe (Source: Tradingview) Currently, CC is trading back near the $0.1390 region, which now acts as a resistance-turned-support zone. This area also overlaps with the broader demand block highlighted on the chart, making it a technically important level for the next directional move. What the Chart Suggests Next for CC The ongoing retest phase remains constructive as long as buyers continue to defend the $0.1390–$0.1308 support zone. A strong reaction from this region would signal that market participants are using the pullback to accumulate rather than exit positions. If support holds and bullish momentum resumes, the first upside objective would be a reclaim of the $0.1768 local high. A decisive move above this level would reinforce bullish control and confirm strength following the breakout-retest structure. Based on the measured move projection of the broader rounding bottom and cup formation, a successful continuation could push CC toward the $0.2130 region. This target aligns with the projected extension shown on the chart and represents approximately 50%–55% upside from the breakout zone. On the flip side, failure to hold above the $0.1308 support area would weaken the bullish setup and increase the risk of a deeper pullback, potentially turning the recent breakout into a failed move. For now, the structure favors patience. As long as CC maintains support and avoids aggressive rejection from this retest zone, the broader technical outlook continues to lean bullish. Why is Canton (CC) rising in 2026? The rise is driven by institutional adoption. Major entities like the DTCC and JPMorgan are using Canton for tokenizing U.S. Treasuries and cross-border settlements. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
Zcash (ZEC) Plunges After Core Developer Team Resigns: $23M Liquidation Cascade Hits Longs
Key Highlights: Team Resignation: The entire core development team at Electric Coin Company (ECC) resigned on January 7, 2026, due to “malicious governance” and irreconcilable conflicts with the Bootstrap board.$23M Liquidation Event: The sudden news triggered a “long squeeze,” resulting in $20.25 million in forced liquidations for overleveraged bulls within 24 hours.18% Price Crash: $ZEC plummeted from roughly $480 to test the $395 – $400 psychological floor, marking its sharpest single-day decline in early 2026. It’s been a rough 24 hours for Zcash (ZEC) holders. The privacy-focused cryptocurrency, which had been one of the standout performers in 2025 with gains topping 800%, suddenly tanked hard—dropping as much as 18% in a single day after news broke that the entire core development team at Electric Coin Company (ECC) had resigned en masse. Team Resignation Triggered $ZEC Sell-Off The drama unfolded on January 7 when ECC CEO Josh Swihart announced that every employee had left the company, describing it as a “constructive discharge” due to irreconcilable governance conflicts with the Bootstrap nonprofit board overseeing ECC. Swihart accused certain board members of actions that made it impossible for the team to continue their work effectively, while stressing that this wasn’t an abandonment of Zcash’s mission. Instead, the departing devs plan to form a new independent company to keep building privacy tech—potentially without the bureaucratic shackles. Source: @jswihart (X) Zcash founder Zooko Wilcox weighed in calmly, noting that the open-source protocol remains fully operational and unaffected. But markets don’t wait for nuance. Traders panicked, and the sell-off triggered a vicious cycle of forced liquidations. Zcash (ZEC) Price Today As of writing, 2026, ZEC is currently trading around $398, marking a steep decline of nearly 18% in the past 24 hours. The drop wiped out much of the recent rally momentum, with the coin dipping below key psychological levels like $400 amid spiking volume and fear. Source: Coinmarketcap Longs Get Wrecked Liquidation Cascade The sell-off triggered a cascade of forced liquidations in the futures market. According to CoinGlass data, Zcash saw $23.53 million in total liquidations over the past 24 hours—with longs getting absolutely wrecked at $20.25 million, while shorts only faced $3.28 million. This heavily lopsided liquidation skew shows how overleveraged bulls were caught flat-footed, fueling further downside as positions got forcibly closed. Zcash (ZEC) Liquidations/Source: Coinglass What’s Next for Zcash (ZEC)? From a chart perspective, ZEC has broken down from its descending channel pattern near $475 and is now testing lower demand zones. Recent price action shows the coin trapped in a falling channel, with repeated failures to reclaim higher levels amplifying bearish momentum. If the bleeding continues, the next major support level sits around $372, a potential area where buyers might step in to defend—this zone aligns with prior demand and could act as a downside target in the current structure. Zcash (ZEC) Daily Chart/Coinsprobe (Source: Tradingvie A failure to hold there could open the door to deeper corrections toward $300 or lower, especially with sentiment shaken. On the flip side, a quick rebound above $495.90 could signal this as an overreaction and attract dip buyers, potentially invalidating the breakdown and targeting a retest of channel resistance. Broader Implications for Zcash Governance drama isn’t new for Zcash—it’s navigated funding model changes and structural shifts before. But this mass exodus highlights the vulnerabilities in nonprofit-corporate hybrid setups common in crypto. The core question now: Who steers the roadmap moving forward? Funding for innovation? With regulatory heat on privacy coins already intense, internal turmoil could spook long-term holders. That said, the network itself is unaffected—shielded transactions work as designed, and the protocol’s fundamentals remain strong. Some traders view this as a classic “buy the fear” moment, especially if the new dev entity provides continuity and clarity soon. Volatility is still extreme, and ZEC could swing wildly in the coming days. Privacy coins like Zcash have proven resilient in the past, surviving worse storms. Whether this marks a temporary hiccup or something more serious will depend on how the community responds. Frequently Asked Questions (FAQ) Why is Zcash (ZEC) down today? Zcash is down today due to a governance crisis following the mass resignation of the entire core development team at Electric Coin Company (ECC) on January 7, 2026. The exit, described by CEO Josh Swihart as a “constructive discharge,” was triggered by irreconcilable conflicts with the Bootstrap nonprofit board. This news sparked a $23 million liquidation cascade, primarily affecting overleveraged long positions. Is the Zcash network still safe to use? Yes. The Zcash protocol is decentralized and open-source. While the leadership at ECC has resigned, the blockchain itself remains fully operational, and shielded transactions continue to function as designed. Zcash founder Zooko Wilcox has confirmed that network security remains unaffected. What happened to the ZEC long positions? According to Coinglass data, over $20.25 million in long positions were liquidated within 24 hours. This “long squeeze” accelerated the price drop as forced sell orders hit the market simultaneously, pushing ZEC below the critical $400 support level. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
World Liberty Financial Makes Bold Move With Charter Application: $WLFI Eyes Further Gains
Key Highlights: Strategic Pivot: WLFI subsidiary WLTC Holdings LLC has filed a de novo application with the OCC for a National Trust Bank Charter.USD1 Growth: The project’s dollar-backed stablecoin, USD1, has reached a record $3.3 billion market cap within its first year.Technical Support: $WLFI is currently performing a “bullish retest” of the $0.165 support zone following its early January breakout.Institutional Bridge: If approved, WLTC would handle in-house issuance, custody, and fee-free conversions for institutional clients. January 8, 2026 – Trump-backed decentralized finance project World Liberty Financial (WLF) is pushing deeper into regulated territory, announcing a major application for a national trust bank charter. This development, timed with positive technical action in its governance token $WLFI , underscores the project’s momentum in bridging crypto and traditional finance. Regulatory Milestone: Application for National Trust Bank Charter On January 7, 2026, WLFI revealed that its subsidiary, WLTC Holdings LLC, submitted a de novo application to the U.S. Office of the Comptroller of the Currency (OCC) to establish World Liberty Trust Company, National Association (WLTC) – a federally chartered trust bank dedicated to stablecoin operations. Source: @worldlibertyfi (X) If approved, WLTC would directly handle: Issuance and redemption of USD1, WLF’s dollar-pegged stablecoin.Custody of USD1 and other major stablecoins.Fee-free on/off-ramps and conversions between stablecoins at launch. USD1 has exploded in popularity, surpassing $3.3 billion in circulation within its first year – the fastest growth of any stablecoin on record. Institutions are already deploying it for cross-border payments, settlement, and treasury management. Zach Witkoff, co-founder and proposed President/Chairman of WLTC, commented: “USD1 grew faster in its first year than any other stablecoin in history. Institutions are already using USD1 for cross-border payments, settlement, and treasury operations. A national trust charter will allow us to bring issuance, custody, and conversion together as a full-stack offering under one highly regulated entity.” The structure complies with the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), signed by President Trump, ensuring robust AML, sanctions compliance, and cybersecurity. Current custodian BitGo (recently granted its own conditional charter) will remain a partner during transition. This follows a wave of OCC conditional approvals in late 2025 for firms like Circle, Ripple, BitGo, Fidelity, and Paxos, signaling accelerating mainstream adoption of crypto infrastructure. $WLFI Token Technical Setup: Retesting Ascending Breakout WLFI the project’s governance token – is showing a classic bullish retest on daily charts. After consolidating in an ascending triangle pattern (higher lows against flat resistance near $0.1568–$0.1655) throughout Oct and Dec, $W$WLFI oke out decisively in early January. Price spiked to a local high around $0.18183 before pulling back – a common “retest” of the former resistance, now potential support. WLFI Daily Chart/Coinsprobe (Source: Tradingview) Current price hovers around $0.17. Traders note that a successful hold and bounce here above $0.18183 could project a measured move toward $0.2450, based on the triangle’s height. Failure below the breakout zone (~$0.1568) might invlaid the setup. Outlook WLF’s charter pursuit represents a strategic leap toward full regulatory integration, reducing reliance on third parties and enhancing trust for institutional flows. Combined with USD1’s rapid scaling and $WLFI ’s technical resilience, the project is positioning itself as a leader in Trump-era crypto policy. Market watchers will monitor OCC review progress and WLFI price action for confirmation of sustained upside. As stablecoins evolve into core financial rails, moves like this could redefine the DeFi-TradFi intersection. What is the USD1 stablecoin? USD1 is the dollar-pegged stablecoin of the World Liberty Financial ecosystem. It is 100% backed by U.S. Treasuries and dollar deposits, reaching a $3.3 billion market cap in January 2026. How does the National Trust Charter affect $WLFI ? The charter provides regulatory legitimacy, allowing the project to handle institutional custody and issuance in-house. This often increases investor confidence and ecosystem utility, potentially supporting $WLFI ’s price action. Is WLFI good buy during the current retest? Technical analysts often view a “breakout retest” at $0.165 as a high-probability entry point, provided the support holds. However, traders should monitor broader market sentiment and Bitcoin’s price stability. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
Bitcoin (BTC) Whale Accumulation Spikes — Where Could the Price Be Headed Next?
Date: Wed, Jan 07, 2026 | 10:40 AM GMT Key Takeaways: Whale Activity: Three wallets linked to a single entity accumulated 3,000 BTC during this week’s price dip.Technical Setup: BTC is forming an Ascending Triangle on the daily chart, a classic bullish continuation signal.Key Levels: Support at $89,900 is the line in the sand; a breakout above $95,000 triggers the $108K target. The broader cryptocurrency market is showing a mild pullback today after a strong start to the year. Bitcoin (BTC), which had rallied close to the $94,000 mark earlier this week, has cooled off and is now trading below $92,000, down around 1.89% on the day. While short-term price action reflects some profit-taking, activity beneath the surface tells a different story. Large holders appear to be positioning for a bigger move, and the latest daily chart structure continues to hint at a potential upside resolution. Source: Coinmarketcap Whale Accumulation Signals Confidence As Bitcoin gained momentum over the past several sessions, whales quietly stepped in with significant accumulation. According to data shared by Lookonchain, three wallets — potentially linked to the same entity — accumulated a combined 3,000 BTC worth roughly $280 million just hours ago. This type of buying activity during a pullback often suggests long-term conviction rather than short-term speculation. Ascending Triangle Taking Shape on the Daily Chart On the daily timeframe, $BTC appears to be forming an ascending triangle pattern — a structure commonly associated with bullish continuation when confirmed. The pattern is defined by a rising trendline that has consistently supported higher lows since December, while price continues to face resistance in the $94,000–$95,000 zone. Each pullback has been increasingly shallow, signaling steady demand at higher price levels. Bitcoin (BTC) Daily Chart/Coinsprobe (Source: Tradingview) Today’s rejection from resistance pushed BTC back below $92,000, but price remains well above the ascending support trendline. A controlled pullback toward the $89,900–$90,000 area would still keep the broader structure intact and could serve as a healthy reset before the next attempt higher. What the Chart Suggests Next for BTC? The $89,000–$90,000 region now plays a crucial role in maintaining bullish structure. As long as BTC continues to hold above this rising trendline, the probability of another move toward the $94,000–$95,000 resistance zone remains elevated. A decisive daily close above horizontal resistance would confirm an ascending triangle breakout and shift momentum firmly back in favor of the bulls. Such a move could also trigger fresh participation from sidelined buyers. Based on the measured move projection of the triangle, a confirmed breakout points toward a potential upside target near $108,000 — matching the extension zone marked on the chart. From the breakout area, this would represent roughly a 14% upside move. On the flip side, failure to hold the ascending support could invalidate the pattern and expose BTC to a deeper corrective move. Until either scenario is confirmed, price action within this structure remains a battle between patient accumulation and short-term selling pressure. The Bottom Line: While Bitcoin (BTC) has dipped below $92,000, “Smart Money” is using the pullback to load up. On-chain data confirms that three major whales just accumulated $280 million in BTC. Technically, Bitcoin is coiled inside a massive Ascending Triangle, with a confirmed breakout targeting the $108,000 level. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
Is Pudgy Penguins (PENGU) Poised for a Breakout? Key Pattern Formation Suggests So!
Date: Wed, Jan 07, 2026 | 08:00 AM GMT The broader cryptocurrency market continues to show strong New Year momentum, with Bitcoin (BTC) up nearly 4% and Ethereum (ETH) posting weekly gains of over 9%. This improving risk sentiment is now extending beyond majors and into select altcoins — including Pudgy Penguins (PENGU). $PENGU has already delivered an impressive 45% gain over the past week. While the rally itself is notable, the more important development lies in the underlying market structure. Recent price behavior on the daily chart suggests that PENGU may be approaching a pivotal breakout zone, one that could define the next directional move. Source: Coinmarketcap Right-Angled Descending Broadening Pattern in Play On the daily timeframe, PENGU had been trading within a right-angled descending broadening formation — a bullish reversal pattern characterized by repeated rejections at a flat resistance level and gradually rising downside volatility. For several weeks, price remained capped beneath the $0.01294–$0.01381 resistance band. Each attempt to push higher was met with selling pressure, keeping PENGU locked in consolidation while the lower boundary of the structure continued to expand. That dynamic changed after a strong rebound from the lower trendline. Buyers stepped in decisively, triggering a sharp upside move that allowed PENGU to reclaim the 50-day moving average around $0.01062. This level had previously acted as persistent dynamic resistance, and reclaiming it marked a clear shift in short-term momentum. Pudgy Penguins (PENGU) Daily Chart/Coinsprobe (Source: Tradingview) Following this reclaim, upside strength accelerated, and price has now returned to the same resistance zone that rejected advances multiple times in the past. This move back into resistance places PENGU at a critical inflection point, where market participants are once again being tested. What’s Next for PENGU? A decisive daily close above the $0.01294–$0.01381 resistance area would confirm a breakout from the descending broadening formation and validate the broader bullish reversal setup. Sustained acceptance above this zone would likely invite fresh momentum participation, as traders recognize the structural shift underway. Based on the depth of the pattern and its measured move projection, a successful breakout could open the door toward the $0.01922 region. From current levels, that would represent a potential upside of roughly 45%, aligning with typical expansion behavior seen after clean breakouts from this formation. That said, patience remains key. Prior to confirmation, PENGU could still experience short-term pullbacks, including a possible retest of the 50-day moving average, which has now transitioned into dynamic support. Such retracements would not invalidate the bullish setup as long as higher-low structures continue to form. Until a clear breakout and follow-through occur, caution is warranted. The $0.01294–$0.01381 zone remains the defining decision area that will determine whether PENGU transitions into a sustained bullish phase or continues consolidating as the early weeks of 2026 unfold. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
日付:2026年1月7日(水)| GMT 06:20 広範な暗号資産市場は、新年の勢いを維持し続け、ビットコイン(BTC)は約4%上昇し、イーサリアム(ETH)は週間ベースで9%以上上昇しています。この改善傾向は、主要なアルトコインへと徐々に波及しており、DePINを焦点にしたトークンであるアカッシュネットワーク(AKT)にも影響しています。 $AKT has already posted an impressive 20% weekly gain. While this short-term strength has caught traders’ attention, the more important development is unfolding on the higher-timeframe chart. Recent price action suggests a meaningful shift in market structure, hinting that AKT may be transitioning out of a prolonged corrective phase and into the early stages of a bullish continuation.
Monero (XMR) To Rise Further? This Key Bullish Breakout and Retest Suggest So!
Date: Wed, Jan 07, 2026 | 05:26 AM GMT The broader cryptocurrency market continues to show strong New Year momentum, with Bitcoin (BTC) up around 5% and Ethereum (ETH) posting gains of more than 9% on a weekly basis. While several altcoins have already accelerated higher, the privacy-focused cryptocurrency Monero (XMR) has moved at a more measured pace. That said, XMR’s recent price behavior on the daily chart tells a more constructive story. Despite relatively modest weekly gains, the structure suggests that Monero is undergoing a healthy bullish retest — often a critical phase before the next leg higher. Source: Coinmarketcap Retested Cup and Handle Breakout On the daily timeframe, XMR had been consolidating within a well-defined Cup and Handle formation, a classic bullish continuation pattern that typically forms after an extended accumulation phase. The pattern resolved to the upside when buyers decisively pushed price above the $412–$420 neckline resistance. This breakout sparked a sharp rally of nearly 20%, sending $XMR to a local high around $498.30 and confirming a clear shift in market structure toward bullish control Monero (XMR) Daily Chart/Coinsprobe (Source: Tradingview) As expected after such a strong breakout, price then pulled back to retest the former resistance zone. XMR dipped back into the $412–$420 area, allowing the market to validate this region as new support. This retest has so far been successful, with price rebounding and currently trading near the $449 level. The ability to hold above the breakout zone reinforces the strength of the underlying trend and suggests growing acceptance at higher prices. What’s Next for XMR? As long as buyers continue to defend the $412–$420 support area, the broader bullish structure remains firmly intact. A sustained move back above the recent swing high near $498 would likely signal renewed upside momentum and open the door for continuation of the breakout trend. Based on the depth of the cup formation, the technical upside projection points toward the $608 region. Reaching this level would imply a potential upside of roughly 35% from current prices, consistent with the measured-move expectations of this pattern. On the downside, a failure to hold the $412–$420 zone could temporarily slow bullish momentum and lead to additional consolidation. However, unless price slips back toward the lower portion of the cup, the broader structure would still remain constructive. From a technical perspective, XMR’s current behavior reflects a textbook breakout-and-retest scenario. If market conditions remain supportive, this structure suggests Monero could be positioning itself for another meaningful move higher in the weeks ahead. Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.