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Five key altcoins show critical technical setups as the broader crypto market consolidates. XRP, Chainlink (LINK), Hedera (HBAR), Telcoin (TEL), and Celestia (TIA) currently test significant support levels or face immediate resistance. Their individual chart patterns hint at potential upcoming volatility and this report breaks down the current technical picture for each asset. XRP corrected sharply after breaking down from a rising wedge pattern previously formed near $2.47. The price currently trades around $2.17, operating below the previous $2.30 support level which now likely acts as overhead resistance. While major EMAs currently trend downward and the MACD indicator remains bearish, the Relative Strength Index (RSI) has plunged to a reading near 20.85. Such deeply oversold RSI levels sometimes suggest selling pressure may be nearing exhaustion, potentially setting the stage for price stabilization or a relief bounce. XRP now tests its next significant demand zone identified between $2.10–$2.15. Holding this area will be crucial for potentially negating further immediate downside. If this zone fails to attract buyers, the focus could then shift down towards the well-established long-term support level located near $1.95. Related: These Altcoins Show Strength: Which Could Actually Retest Highs? (Analysis) Chainlink (LINK) recently fell below a rising wedge pattern visible on its 4-hour chart, a formation that often signals bearish continuation. Following rejection near $15.99, the price now struggles to reclaim the $15 level. LINK also trades below its major moving averages, with the 200-period Exponential Moving Average (EMA) around $15.35 acting as significant overhead resistance. A recent bearish crossover of the 20 EMA below the 50 EMA further underscores the weakening short-term trend. While the Relative Strength Index (RSI) reads low near 33, potentially allowing for a relief bounce, no clear bullish divergence supports that outcome yet. Consequently, if LINK loses the key support area between $13.50–$13.80, analysis suggests a deeper correction toward $12.70 becomes more likely. Hedera (HBAR) currently tests crucial support levels after facing repeated rejection near the $0.195–$0.20 resistance zone. Trading below major EMAs and having broken a recent ascending trendline, HBAR displays technical signs suggesting potential trend exhaustion. Its RSI has dipped to around 36, nearing traditionally oversold conditions. Confirming this weakness, the Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover with a negative histogram. Failure to hold the immediate $0.181 support could therefore lead HBAR down towards the $0.170–$0.175 range. A recovery requiring buyers to push price back above $0.195 is needed to re-establish a clear bullish footing Telcoin (TEL) slipped into a critical demand zone identified between $0.0051–$0.0052 following a failed attempt to break out above resistance near $0.0063. The 4-hour RSI now shows a deeply oversold reading of 24. Although such extreme readings sometimes precede price bounces, this primarily confirms intense recent selling pressure. All key EMAs remain aligned bearishly above the price, reinforcing the negative trend. The MACD indicator also supports this bearish short-term outlook. A sustained price close below the current $0.0051 demand zone could open the path towards lower supports near $0.0047–$0.0048. Bulls need to reclaim the $0.0056 level to challenge the immediate downtrend. Celestia (TIA) recently broke below a key rising trendline that had acted as support. This breakdown occurred after the price failed to hold gains above the $3.80 resistance area. Trading near $3.44, TIA now approaches the lower edge of an important demand zone ($3.28–$3.30). Its RSI reads just under 40 and continues to trend lower, possibly showing bearish divergence. Widening Bollinger Bands also point to increasing volatility. The MACD further reinforces the bearish sentiment. Unless TIA finds solid buying support within the current zone soon, further downside price action appears probable. Related: What Does FDV Tell Us About 2024’s Top Altcoins — Winners vs. Losers These five altcoins all currently exhibit bearish technical pressure across multiple indicators. Each faces crucial tests of nearby support levels following recent price declines. However, the deeply oversold RSI readings on some charts (like TEL and XRP) sometimes precede short-term relief rallies. Until key overhead resistance levels are convincingly reclaimed on increased trading volume, analysts generally advise caution regarding sustained bullish reversals. The next few trading sessions therefore appear pivotal for determining whether these assets can stabilize or if they extend their current downtrends toward deeper support zones. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

XRP price has had a volatile journey in recent months, rising sharply to reclaim the $3 mark before entering a choppy downtrend. With recent bearish pressure building up and the price now hovering around $2.26, many traders are asking the tough question: is XRP on the edge of a major crash , or is this just another healthy correction before a new rally begins? Let's break down what the chart is showing and whether a deeper drop is likely. The most striking element in the chart is the fading bullish momentum. XRP price is currently trading below all short-term moving averages—the 20, 50, and 100-day simple moving averages (SMA)—which are now acting as resistance. The price attempted to push through these averages multiple times but failed, showing that buyers are not in control at the moment. Additionally, Heikin Ashi candles are showing consistent red bodies with lower highs, a clear signal of ongoing bearish sentiment. The inability to break back above the $2.50 resistance zone, coupled with this sluggish behavior, suggests that XRP is struggling to hold its ground. >>Click Here to Buy XRP on Bitget<< The Relative Strength Index (RSI) currently sits around 42.9, leaning toward the bearish side of neutral. It hasn’t touched oversold levels yet, but it's also far from signaling any strong upward momentum. What’s concerning is that the RSI has been consistently trending downward since mid-February, and no bullish divergence has formed to suggest a reversal. This weak RSI position hints that if selling pressure increases even slightly, XRP could dip quickly—possibly to test the next support around $2.00 or even down near the 200-day SMA at $1.76. >>Click Here to Buy XRP on Bitget<< Looking at the broader picture, XRP price is still trading above the crucial 200-day SMA , which is currently near $1.76. This moving average has historically served as a last line of defense during downtrends. If XRP breaks below that level, it would technically confirm a full trend reversal into bearish territory, potentially opening the gates to a steeper fall toward the $1.50 level. On the upside, XRP needs to reclaim $2.50 with strong volume to invalidate the bearish thesis. Only a daily close above that range could suggest renewed interest and a bullish recovery. Until then, the downside risk appears more likely than a sudden rebound. The word “crash” in crypto usually implies a sharp 30–50% drop in a short span, and while XRP isn’t showing that severity yet, the current structure sets the stage for a possible deeper correction. If the broader crypto market enters a risk-off phase or if there’s any negative news around Ripple's ongoing regulatory situation, XRP could spiral downward fast . That said, this isn’t panic territory just yet. The long-term structure isn’t broken, but short-term caution is definitely warranted. A failure to hold above the $2.00 psychological level would be a major red flag for bulls. XRP price is clearly under pressure , trading below key moving averages and showing declining momentum on the RSI. While it hasn't crashed yet, the warning signs are building. Traders should keep a close eye on the $2.00 support zone and the 200-day SMA near $1.76—those are the levels that could determine whether XRP bounces or breaks. If you’re holding long-term, it might be time to prepare for short-term turbulence. If you're trading, this may be the moment to sit tight, wait for confirmation, and be ready for either a breakdown—or a surprise bounce.

Ethereum developers have finally rolled out a new testnet for Pectra after several unexpected issues delayed its deployment to the mainnet. Community members are now watching to see the impact of the upgrade preparation on ETH, the ecosystem’s native token. Developers initially planned for the Pectra upgrade to go live on the mainnet in March. They deployed Pectra into the network’s Holesky testnet on February 24. The upgrade, however, failed to finalize the network due to a problem with the fork configuration. This prompted developers to investigate and address the causes. As highlighted in our previous article, the Ethereum developers again introduced the upgrade on the Sepolia testnet. However, they encountered errors worsened by an unknown attacker who used an “edge case” to cause the mining of empty blocks. The Ethereum Foundation soon announced the launch of another testnet, Hoodi, to better prepare for the Pectra upgrade. In our last update, we examined whether Hoodi will focus on testing validator exits and addressing limitations in Ethereum’s Holesky testnet. Pectra may hit the mainnet as early as April 25 if it runs smoothly on the Hoodi testnet. Commenting on the upgrade, Nixo Rokish, an Ethereum Foundation protocol support team member, said developers are exhausted from the Pectra preparations. Rokish emphasized that consensus layer developers are particularly feeling the heat as Hoodi marks the third attempt to test Pectra. Rokish further noted that the Holesky testnet failed in part because developers never tested it with a small validator set on the canonical chain. With only 10% left on the canonical chain, validators overloaded their RAM and memory. They eventually kept the state for 90% of validators on the non-canonical chain. Meanwhile, Ethereum’s broader development continues to progress despite the recent testnet challenges. The network released the Dencun upgrade on March 13, 2024, which implemented many changes in the blockchain. While the price of ETH is still down on the daily chart, the altcoin has moved over the $2,000 mark, fueling optimistic sentiments among investors. At press time, ETH price was trading at $2,070, down 1.02% but up 2.16% in the past seven days. Based on the price chart, ETH may likely see consolidation between $2,050 and $2,150. Additionally, ETH’s growth rate is far from support and resistance levels. The low daily volume further confirms this, which indicates the absence of buyers’ or sellers’ strength. However, Ethereum’s open interest in the futures market has risen substantially in anticipation of the Pectra upgrade. As detailed in our last news piece, Ethereum’s open interest recently rose from 9.40 million ETH to 10.10 million ETH. This surge signals growing interest in derivative positions, which could help push ETH to new highs.

Hyperliquid should not rush to push out permissionless validators. It has been made apparent that competitors will go to great lengths to halt its growth.

The U.S. government has moved approximately 97.3 Bitcoin (BTC), valued around $8.46 million at the time, from a wallet holding previously confiscated funds . Blockchain intelligence platform Arkham identified the transfer occurring from a wallet associated with funds seized from Wanpadet Sae Heng. The movement of these assets primarily into a new government-controlled wallet immediately fueled speculation about the formation of a strategic Bitcoin reserve by the US, although officials have not provided an official explanation for the transfer. The transferred Bitcoin originated from assets seized during an operation targeting Sae Heng, who was allegedly involved in a fraudulent “pig butchering” scheme. Reports indicate U.S. authorities worked in coordination with Binance to confiscate various cryptocurrencies from Heng during that operation. Arkham’s on-chain data shows this specific recent transfer sent the bulk of the BTC (worth ~$8.46M) to a newly created ‘change’ address (bc1q7qf). A minimal fraction, about $10 worth of BTC, went to a separate new address (bc1qs0q). Concurrent with the Bitcoin move, approximately 88.4 Ethereum (ETH) (with a reported value near $1.77M at the time) was also transferred from the same source wallet to a different new address (“0xBf7fb”). Related: Senator Cynthia Lummis Pushes for a U.S. Strategic Bitcoin Reserve This Bitcoin transfer isn’t an isolated incident regarding government-managed crypto wallets. Just weeks ago, according to Arkham, the same address reportedly moved 299 Avalanche (AVAX) tokens linked to funds seized in a separate case involving Brain Krewson. Such on-chain movements continue to raise questions about the government’s evolving strategy for managing its considerable cryptocurrency holdings obtained through various enforcement actions. Despite this recent transfer, the U.S. government remains the largest known sovereign holder of Bitcoin, possessing approximately 198,012 BTC currently valued near $17.04 billion (based on recent BTC price levels near $87k). The lack of official comment on these transfers allows speculation about a potential strategic US Bitcoin reserve to continue. Discussions persist around how such a reserve might be funded, with some suggesting “budget-neutral” mechanisms could be employed, perhaps using existing confiscated assets. While Senator Bernie Moreno has advocated for Congress’s proposal to be passed before August, its appeal has yet to be fully assessed. Related: Trump’s Push to Make U.S. the Crypto Capital Gains Momentum Globally, the US’s known Bitcoin holdings significantly exceed those of other nations reportedly holding Bitcoin, such as China (often estimated second), Bhutan (approx. 9k BTC reported), and El Salvador (approx. 6k BTC reported). Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.