• Solana price sits at around $71 with strong resistance at $75.95.
• Indicators and EMAs show a bearish market trend.
• Weekly gains contrast with weak momentum and extreme fear sentiment.

Solana price continues to trade in a tight range around the low $70s, with the asset struggling to reclaim the $72 level.

At the time of writing, SOL was trading near $71.26, after a mild 24-hour decline of about 0.7%.

Despite a stronger weekly rebound of roughly 10%, the broader market pattern still shows clear resistance overhead and weakening momentum across multiple technical indicators.

Over the past 24 hours, the Solana price has remained trapped between $70.69 and $74.24, without a decisive trend forming.

Technical structure still favours sellers

Looking at the charts, Solana (SOL) remains under pressure from a layered resistance structure formed by major moving averages.

Recent price movements show that SOL has only managed to reclaim the 10-day exponential moving average (EMA), while the 20-day, 50-day, 100-day, and 200-day EMAs are all positioned above the current price level.

This configuration confirms that the broader trend remains bearish, as rallies continue to encounter resistance before reaching higher momentum zones.

The most immediate technical barrier is located at $75.95, a level that must be cleared to signal a potential shift in trend direction.

If this level is broken, projections place the next resistance at $83.32.

On the downside, structural support is clearly defined at $62.40.

A breakdown below $62.40 would expose the Solana price to deeper losses, extending the current corrective phase and potentially triggering accelerated selling pressure.

Notably, the daily Relative Strength Index (RSI) is positioned at 44.38, reflecting a neutral condition and suggesting indecision in short-term price direction.

However, the weekly RSI has dropped to around 33.07, placing it near the oversold territory and signalling that while selling pressure has been persistent over a longer timeframe, we could see some bullish recovery soon.

The overall market sentiment remains weak

Sentiment conditions continue to reflect caution across the broader market.

The Fear and Greed Index is positioned near 15, a level typically associated with extreme fear.

Such an environment often coincides with defensive positioning, reduced risk appetite, and lower conviction in upward price movements.

Derivative market data also supports this cautious outlook, with the funding rates remaining negative in recent sessions, while short positioning has increased relative to long exposure.

In addition, the long-to-short ratio has remained below equilibrium levels, indicating that traders are still leaning toward downside protection rather than sustained bullish positioning.

At the same time, Solana has recorded modest institutional inflows, including small allocations into Solana ETFs totalling just over $1 million.

However, these inflows remain limited in size and have not been sufficient to offset broader bearish positioning in derivatives markets.

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Key takeaways

• While momentum indicators suggest downside pressure is easing, ETH remains trapped below multiple key moving averages. 
• Until buyers reclaim resistance levels above $1,800, the broader technical outlook remains cautious, with support around $1,741 likely to play a crucial role in determining the next major move.

ETH Open Interest falls to a multi-week low

Ethereum (ETH) derivatives markets remain subdued following weeks of price weakness, reflecting a cautious stance among leveraged traders.

After ETH fell below the $1,800 level, futures open interest dropped sharply, reaching 13.64 million ETH on Sunday, its lowest level since early May. 

Open interest saw a modest recovery on Monday after Ethereum rebounded above $1,700, but overall participation remains significantly lower than recent highs.

Open interest represents the total value of outstanding futures contracts. Since May 28, Ethereum futures markets have witnessed a decline of roughly 2 million ETH in open interest, highlighting a strong reduction in leveraged exposure and growing risk-off sentiment.

Funding rate data paints a similar picture of caution. Over the past two weeks, Ethereum funding rates have fluctuated between positive and negative territory, signaling a lack of clear conviction from either bulls or bears.

Funding rates are periodic payments exchanged between long and short traders in perpetual futures markets. Positive rates indicate bullish positioning, while negative rates suggest stronger bearish sentiment.

The market’s tone shifted notably after the June 5 correction, which pushed funding rates into negative territory following nearly a month of positive readings.

Although ETH has recovered modestly since then, bullish traders have struggled to regain control.

Spot-market indicators offer little evidence of aggressive accumulation. Ethereum exchange reserves have declined modestly over the past two days, reversing part of the increase recorded last week. 

While falling exchange balances can sometimes indicate accumulation, the move remains too small to signal strong demand.

Ethereum price analysis: ETH trapped below key resistance

Ethereum continues to trade within a bearish short-term structure despite recent stabilization.

On the 4-hour chart, ETH remains below its 20-day EMA near $1,794, the 50-day EMA around $1,955, and the 100-day EMA near $2,108

The clustering of these moving averages above current price levels indicates that upside attempts continue to face significant resistance.

Although the broader trend remains bearish, some technical indicators suggest downside momentum may be easing.

The Relative Strength Index (RSI) has climbed toward the mid-50s, indicating selling pressure is weakening but not yet signaling a bullish reversal.

For Ethereum to build a stronger recovery, bulls must reclaim several important resistance zones.

Immediate resistance at $1,794 could pave the way for an extended rally towards the $1,806 and $1,909 psychological levels.

A sustained move above these levels would significantly improve Ethereum’s outlook.

On the downside, Ethereum faces several important support areas. If the bearish trend persists, immediate support is seen at the $1,524 level, with another demand zone at $1,405. 

If selling pressure intensifies and these levels fail to hold, ETH could decline toward the next significant support area near $1,156.

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Key takeaways

• Bitcoin remains vulnerable as hawkish Federal Reserve guidance, rising Treasury yields, and inconsistent ETF demand continue to dampen investor sentiment.
• With BTC trading below key moving averages and lacking strong buying momentum, the near-term bias remains bearish. 

Bitcoin (BTC) remained under pressure on Thursday, trading below the $64,000 level as investors reacted to a hawkish message from the U.S. Federal Reserve and mixed institutional demand signals.

The leading cryptocurrency continues to struggle for momentum, with risk appetite fading across financial markets after the Fed signaled a tougher policy outlook despite leaving interest rates unchanged.

Federal Reserve maintains rates but adopts hawkish tone

The U.S. Federal Reserve left its benchmark interest rate unchanged at 3.50% to 3.75% during its latest policy meeting, the first chaired by Kevin Warsh.

While the decision itself was widely expected, markets were focused on the Fed’s forward guidance and updated economic projections.

The central bank removed language suggesting a bias toward further monetary easing and instead signaled support for maintaining higher rates for longer. Policymakers now project the federal funds rate to end the year at 3.8%, up from the 3.4% forecast issued in March.

The revised outlook prompted traders to increase expectations for tighter monetary policy, with markets now pricing in nearly an 85% probability of a rate hike in December.

As a result, U.S. Treasury yields and the U.S. dollar moved higher, reducing demand for risk-sensitive assets such as cryptocurrencies.

Institutional demand for Bitcoin remains mixed, offering little support for a sustained recovery.

According to CoinGlass data, spot Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $82.20 million on Wednesday, following:

The inconsistent flow pattern, coupled with a slight bearish bias, suggests institutional investors remain cautious amid macroeconomic uncertainty.

Should ETF outflows continue or accelerate in the coming sessions, Bitcoin could face additional downside pressure.

Bitcoin price outlook: Relief bounce shows signs of weakness

Recent price action indicates that Bitcoin’s rebound from oversold conditions may have been driven more by seller exhaustion than by renewed buying demand.

Bitcoin continues to trade within a bearish short-term structure and remains below several key moving averages.

BTC is currently trading below the 50-day EMA at $70,042, the 100-day EMA at $72,839, and the 200-day EMA at $78,174.

The failure to reclaim these levels reinforces the broader downtrend and highlights persistent overhead selling pressure.

Additionally, the previously broken uptrend support near $73,833 has now turned into a major resistance zone.

Technical indicators continue to favor caution. The Relative Strength Index (RSI) on the 4-hour chart remains below 50, indicating ongoing bearish momentum without yet reaching deeply oversold conditions.

The Moving Average Convergence Divergence (MACD) histogram remains slightly positive, suggesting that recent rebounds may be corrective moves within a broader bearish trend rather than the beginning of a sustained recovery.

If Bitcoin attempts a rebound, traders will likely focus on several major resistance zones. The first major resistance at $64,004 could pave the way for higher hurdles at $70,042 – 50-day EMA

A move above these levels would be required to significantly improve the technical outlook.

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• Legacy Aztec Network contracts were drained of over $4M in three days.
• Attacks exploited flaws in zero-knowledge proof verification logic.
• The core Aztec network and AZTEC token were not affected by the exploits.

Aztec’s legacy infrastructure has come under a coordinated wave of attacks, leading to losses that crossed $4 million within just three days.

The exploits targeted deprecated smart contracts that had already been shut down years earlier but still held on-chain liquidity.

Despite being labelled as inactive and immutable, the contracts remained accessible to attackers who exploited weaknesses in zero-knowledge proof verification logic.

While the attacks did not affect the current Aztec network or its AZTEC token, they exposed long-standing risks tied to retired DeFi systems that continue to exist on Ethereum without active maintenance or upgrade paths.

First breach: Aztec Connect drained of $2.1 million

The first incident occurred on June 14, when attackers exploited the Aztec Connect protocol, a deprecated privacy-focused bridge that had been officially shut down after its retirement phase.

The contract was already considered inactive, yet it still contained residual funds.

The attacker managed to drain approximately $2.1 million in digital assets, including around 909 ETH, 270,000 DAI, and 167 wstETH, alongside other smaller holdings.

The exploit was linked to flaws in the way rollup proof verification was handled, allowing invalid or manipulated proofs to be accepted as legitimate.

What made the situation more critical was the nature of the contract itself.

Aztec Connect was described as immutable, meaning it could not be paused or patched once deployed.

Even though users had previously been encouraged to withdraw funds before shutdown, the remaining balance became an easy target for exploitation years later.

Security teams reviewing the incident pointed to a breakdown in the relationship between zero-knowledge proof validation and on-chain settlement logic.

In simple terms, the system accepted proofs that did not correctly match the underlying transaction state, allowing the attacker to trigger unauthorised withdrawals.

Second attack: Private Rollup Bridge exploited for $2.15 million

Just three days later, a second exploit hit another legacy system known as the Private Rollup Bridge.

This contract was also part of Aztec’s older infrastructure and had been deprecated following the transition away from earlier rollup designs.

In this case, attackers drained roughly 1,158 ETH, valued at close to $2.15 million at the time of the incident.

The method used was different in execution but similar in technical root cause.

Instead of directly manipulating withdrawals through basic proof mismatch, the attacker leveraged a vulnerable “escape hatch” mechanism embedded in the bridge design.

By submitting a specially crafted zero-knowledge proof, the attacker was able to trigger the contract’s exit logic.

The system incorrectly validated the proof and released funds without proper verification of the underlying state transitions.

This allowed the attacker to extract liquidity in a single coordinated sequence.

Like the earlier exploit, this breach did not involve private key compromise or reentrancy vulnerabilities.

Instead, it highlighted deeper issues in how proof validation was structured in legacy rollup systems, particularly when contracts remain permanently active on-chain after being officially sunset.

Response from Aztec and security firms

Following both incidents, Aztec Labs and the Aztec Foundation confirmed that the affected systems were deprecated products with no connection to the current Aztec network or AZTEC token ecosystem.

The Aztec Foundation was made aware of a potential exploit targeting a deprecated product which occurred on June 17, 2026. There are no links between this product and any smart contracts related to the current network or the AZTEC ERC20 token.

The product was deprecated 4 years… https://t.co/kANaIuw8HF

— Aztec Foundation (@aztecFND) June 18, 2026

They emphasised that neither contract could be upgraded, paused, or controlled, as both were designed to be immutable at deployment.

Security firm CertiK Alert also flagged the Private Rollup Bridge exploit, identifying the attacker’s address and confirming the movement of funds tied to a specific Ethereum transaction.

Their analysis aligned with other reviews, suggesting that the vulnerability stemmed from flaws in zero-knowledge proof verification rather than conventional smart contract bugs.

Aztec representatives also clarified that the Private Rollup Bridge and Aztec Connect incidents were separate events, even though they occurred within a short timeframe and shared similar technical weaknesses.

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• Hyperliquid (HYPE) holds a strong uptrend with all major EMAs stacked bullish.
• HYPE price is testing $75.62 resistance after the recent all-time high move.
• RSI neutral at 62, leaving room for a continued momentum move.

HYPE has remained one of the strongest-performing digital assets in recent weeks as growing activity on the Hyperliquid ecosystem continues to attract attention across the crypto market.

The token recently climbed to a new all-time high of $76.70 before pulling back slightly to around $72.50 at the time of writing.

Despite the retracements, HYPE is still up more than 30% over the past seven days and more than 52% over the last month.

The rally comes at a time when Hyperliquid is reporting record levels of trading activity, revenue generation, and derivatives market participation.

Hyperliquid revenue growth continues to accelerate

Hyperliquid’s revenue growth has emerged as one of the biggest talking points surrounding Hyperliquid in 2026.

The platform has generated more than $1.16 billion in cumulative revenue, placing it among the highest-earning crypto protocols in the market.

The growth has been driven by rising trading volumes across its perpetual futures markets, which have attracted both retail traders and large institutional participants.

Notably, trading activity has remained strong throughout the year, with the DEX recording approximately $1.38 billion in 24-hour trading volume, while total value locked on the platform has climbed to roughly $6.38 billion.

The strong revenue figures are particularly notable because they come as Hyperliquid continues expanding beyond its original crypto-native derivatives business, with new markets tied to equities, commodities, indices, and pre-IPO assets broadening the platform’s reach and creating additional sources of trading activity.

Hyperliquid’s open interest surpasses $6 billion

Another major milestone arrived when Hyperliquid’s total open interest crossed $6 billion on June 14.

This places Hyperliquid among the largest perpetual futures venues globally and highlights the platform’s growing influence within the derivatives market.

Earlier in the year, Hyperliquid controlled around 8.3% of global perpetual futures open interest, demonstrating how quickly it has gained market share against established competitors.

HYPE price outlook

While the Hyperliquid price action has cooled slightly from its recently reached all-time high, the broader structure still points to a market that is holding a strong upward trend rather than reversing it.

On the technical side, the short-term setup remains firmly positive.

A majority of the technical indicators are bullish.

Oscillators are showing a buy bias, while moving averages are fully aligned on the upside.

The token is trading above all major daily exponential moving averages (EMAs), including the 10-day, 20-day, 50-day, 100-day, and 200-day EMAs.

This type of full EMA stack typically reflects sustained trend control by buyers rather than short-lived momentum.

The RSI (14) sits at 62, which places it in neutral territory with a slight upward tilt.

The RSI is not in overbought conditions, meaning there is still technical room for continuation if momentum returns.

However, price is now approaching a key decision area, and a daily close above the first major resistance at $75.62 would be required for HYPE to enter the next phase of price discovery.

But if the market becomes overbought and pulls back, the key structural support is positioned at $56.50.

A break below $56.50 would represent a meaningful shift in the current bullish structure.

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• Real Finance launches REAL Competition for the $ASSET ecosystem.
• Users can earn points by trading, staking and holding $ASSET.
• A $3400 raffle pool gives more community members a chance to win.

Real Finance has launched the REAL Competition, a community rewards campaign aimed at increasing participation across the $ASSET ecosystem.

The Sofia-based company said the campaign will allow users to earn points through trading, staking and holding $ASSET, with top participants eligible for up to $20,000 in USDC rewards.

The competition also includes an additional raffle prize pool, broadening the reward structure beyond the highest-ranked users.

Real Finance said the campaign is designed to recognise sustained on-chain engagement rather than simply rewarding short-term trading volume.

Points system targets wider ecosystem activity

The REAL Competition introduces a points-based model that tracks qualifying activity involving $ASSET.

Participants can earn points by trading, staking and holding the token, with all activity monitored on-chain through the competition dashboard.

The structure is designed to give users multiple ways to participate.

Active traders can build points through qualifying transactions, while long-term holders and stakers can also improve their standing through sustained participation.

Real Finance said participants will move through a 13-level rewards structure during the campaign.

This approach marks a shift from conventional trading competitions, which often focus mainly on volume.

By including staking and holding activity, the REAL Competition is intended to reward broader involvement across the $ASSET ecosystem.

Leaderboard rewards backed by raffle prizes

The campaign’s main prize structure includes fixed rewards for the top-ranked participants, with total rewards of up to $20,000 in USDC available through the competition.

Real Finance will also distribute rewards through a broader pool based on final point totals.

This means participants outside the highest leaderboard positions may still be eligible for rewards, depending on their accumulated score.

In addition, the company said it will offer a separate raffle reward pool worth $3,400.

The raffle is designed to give more community members a chance to win prizes, even if they do not finish among the top-ranked participants.

“The REAL Competition is designed to reward meaningful participation across our ecosystem,” said Ivo Georgiev, CEO of Real Finance.

Whether users are actively trading, staking for the long term, or steadily building their position in $ASSET, we want to recognize the community members helping drive the growth of the network. By combining leaderboard rewards with raffle prizes, we’re creating opportunities for a broader range of participants to benefit from the campaign.

Campaign to run over coming months

Participants can join the REAL Competition by connecting a supported wallet and completing qualifying $ASSET transactions or staking activities.

Real Finance said users will be able to track their points, leaderboard ranking and unlocked multipliers through the campaign dashboard.

The company said the competition is now live and will run through the coming months, with rewards to be distributed after the campaign concludes.

The REAL Competition is scheduled to go live at 11 AM UTC.

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Key takeaways

• XLM is up 12% in the last 24 hours, outperforming the broader crypto market.
• The rally comes as Open Interest hits $261 million. 

XLM extends weekly gains

Stellar’s XLM attracted renewed buying interest on Tuesday after posting strong gains at the start of the week. XLM surged over 11%, bringing the asset closer to key resistance levels that could determine the next phase of its price action.

Supporting the rally are improving derivatives and on-chain metrics, including rising open interest, increasing trading volumes, and positive funding rates, all of which point to growing market participation and strengthening bullish sentiment.

Data from CoinGlass shows a notable increase in derivatives activity for both cryptocurrencies.

XLM’s open interest climbed to $261 million. Rising open interest is generally viewed as a sign that new capital is entering the market and that traders are increasing exposure to the assets.

The increase suggests investors are positioning for further upside as momentum improves across the broader crypto market.

Funding rates have also shifted in favor of bulls. CoinGlass data shows that XLM’s funding rate reached 0.0061% on Tuesday.

Positive funding rates indicate that long-position holders are willing to pay a premium to maintain bullish bets, often reflecting growing confidence in higher prices.

On-chain activity provides additional support for the bullish outlook. According to Santiment, Stellar’s trading volume is climbing to $879.25 million from just $153 million over the past few days.

The sharp rise in activity suggests renewed investor interest in the XLM ecosystem as prices recover from recent lows.

Stellar technical outlook: Momentum continues to improve

XLM is trading near $0.227 on Tuesday, maintaining a constructive technical setup after rebounding from last week’s correction.

The token remains above a key support zone formed by the 61.8% Fibonacci retracement level near $0.200 and the 200-day EMA around $0.199. 

Additional support comes from the 50-day and 100-day EMAs at $0.185 and $0.182, respectively.

The RSI is currently near 71, indicating healthy momentum without entering overbought territory. Meanwhile, the MACD continues to trend higher, signaling that bearish pressure is gradually weakening.

If the rally persists, immediate resistance is seen at the $0.237 level, with an additional supply zone at the $0.260 region. 

However, if the bearish trend returns, immediate support is located at the $0.200 psychological level.

A daily candle break below this level could expose further demand zones at $0.185 and $0.177 in the near term. 

A breakout above $0.237 could pave the way for a stronger move higher, while holding above the $0.200 support zone remains crucial to preserving the current bullish structure.

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Key takeaways

• BitMine bought 76,881 ETH, raising its holdings to 5.62 million ETH.
• The company now controls about 4.66% of Ethereum’s circulating supply.
• ETH is attempting to hold above $1,800 while facing resistance near $1,900. 

BitMine adds nearly 77,000 ETH to its reserve

Ethereum treasury company BitMine Immersion Technologies significantly expanded its Ether holdings last week, purchasing 76,881 ETH during a period of weakness in the broader crypto market.

The acquisition increased the company’s total Ethereum holdings to 5.62 million ETH, valued at approximately $10.35 billion at current prices. 

According to BitMine, the position now represents about 4.66% of Ethereum’s circulating supply, moving the firm closer to its stated goal of controlling 5% of the available ETH supply.

Despite lowering its average acquisition cost through continued accumulation during the recent market downturn, BitMine still reports unrealized losses exceeding $9 billion on its Ethereum position.

In addition to its substantial Ethereum holdings, BitMine disclosed ownership of 204 Bitcoin as well as significant equity investments.

The company currently holds 204 BTC, a $180 million stake in Beast Industries, $88 million worth of Eightco Holdings shares, and $502 million in cash and marketable securities.

The sizable cash position was largely funded through a recently completed preferred stock offering.

BitMine recently closed an offering of 3.5 million shares of its 9.5% Series A Perpetual Preferred Stock at $80 per share.

After underwriting fees, commissions, and related expenses, the company generated approximately $273.8 million in net proceeds.

Chairman Thomas Lee described the offering as a strategic move to diversify the company’s balance sheet while maintaining its aggressive Ethereum accumulation strategy.

“The Series A Preferred Stock offering is good balance sheet diversification for BitMine,” Lee said in a statement. He added that projected annual staking rewards of roughly $219 million are expected to provide recurring cash flow to support dividend obligations associated with the preferred shares.

Ethereum technical outlook: Bulls target a break above $1,800

The ETH/USD 4-hour chart is bullish as Ethereum is currently attempting to stabilize after rebounding sharply from levels below $1,600.

While short-term momentum indicators have improved, the asset remains constrained by several layers of overhead resistance.

The Relative Strength Index (RSI) has recovered toward the 67 level, while the Stochastic oscillator continues to move higher, signaling improving momentum but not yet confirming a sustained bullish trend reversal.

If the rally persists, immediate resistance is located near $1,909. Additional supply zones are positioned around $2,018 and $2,107, followed by further resistance at $2,211.

Should bullish momentum strengthen, Ethereum could eventually target higher resistance levels near $2,388 and $2,746.

However, if the bears regain control, traders are closely monitoring whether ETH can maintain daily closes above $1,806. The next major support lies near $1,741.

A breakdown below that level could expose Ethereum to deeper support zones around $1,524 and $1,404, while $1,155 remains a key long-term support level if broader market conditions deteriorate.

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Key takeaways

• Ripple’s XRP is up nearly 11%, making it the second-best performer among the top 10 cryptocurrencies.
• The coin could extend its rally past the $1.366 resistance level. 

XRP approaches $1.30

Cryptocurrency markets remained broadly higher on Monday, with Bitcoin (BTC) leading gains as it climbed above the $66,000 mark.

The positive momentum extended across major altcoins, with Ethereum (ETH) trading above $1,800 and XRP trading above $1.250. 

The rally comes as investor sentiment improves following reports that the United States and Iran have reached a preliminary peace agreement aimed at ending hostilities in the Middle East.

The easing of geopolitical tensions has encouraged investors to rotate back into risk assets, supporting a broad-based recovery across digital asset markets.

Officials from both countries have confirmed progress toward a peace deal that could significantly reduce tensions in the region.

Iran’s deputy foreign minister stated on state television that the agreement is expected to be formally signed on Friday. Meanwhile, Tehran’s senior military leadership described the development as a major victory.

Although the full details of the agreement have not yet been released, CNN reported that the ceasefire initiated in early April will likely be expanded in both scope and duration, allowing for an additional 60 days of negotiations.

One of the most closely watched aspects of the agreement is the potential reopening of the Strait of Hormuz, a critical global shipping route for oil and energy supplies.

Iran’s National Security Council announced that the U.S. naval blockade would be lifted immediately under the agreement and that military operations would cease across multiple fronts, including the conflict involving Lebanon.

However, geopolitical risks have not entirely disappeared. Reports from Lebanon’s National News Agency indicate that Israel has expanded military operations in southern Lebanon, highlighting that regional tensions remain a factor for global markets.

XRP targets the $1.366 resistance level

The improving geopolitical backdrop has helped strengthen sentiment across the cryptocurrency market.

Evidence of this shift can be seen in the Crypto Fear & Greed Index, which rose to 20 on Monday. While the index remains in the “Extreme Fear” zone, the reading marks a notable improvement from 18 the previous day and just 8 a week earlier.

At press time, XRP is trading at $1.267, up by nearly 11% in the last 24 hours. The token remains trapped beneath several important technical resistance levels, indicating that sellers continue to dominate the larger trend even as momentum indicators begin to stabilize.

Although XRP remains under pressure, some technical signals indicate that downside momentum may be easing.

The Moving Average Convergence Divergence (MACD) histogram has turned slightly positive on the daily chart, hinting at the possibility of a developing recovery.

However, the Relative Strength Index (RSI) has surged to 77, heading into the overbought territory. 

For XRP to build a stronger recovery, buyers must overcome several key resistance zones. The first major resistance is at $1.28, the 50-day EMA.

A surge above this level could see XRP extend its rally towards higher supply zones at $1.38 and $1.59. 

On the downside, XRP’s first major support level sits near the lower Bollinger Band around $1.03.

Below that, the psychologically important $1.00 level represents a key demand zone that could attract buyers if selling pressure intensifies.

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Key takeaways

• BTC is up 4% and is now trading above the $66,500 level.
• The rally comes following reports of a preliminary peace agreement between the United States and Iran.

Bitcoin extends recovery following geopolitical breakthrough

Bitcoin (BTC) has surged above $66,600 on Monday after gaining 4% during the previous week, supported by improving global risk sentiment following reports of a preliminary peace agreement between the United States and Iran.

The easing of geopolitical tensions helped lift risk assets across financial markets, providing additional momentum for Bitcoin’s recovery after weeks of heightened uncertainty.

However, despite the rebound in price, institutional demand remains under pressure, with spot Bitcoin exchange-traded funds (ETFs) recording another week of net outflows.

Investor sentiment improved significantly after officials from both countries signaled progress toward a diplomatic resolution.

Iran’s Supreme National Security Council confirmed that Tehran had finalized a Memorandum of Understanding (MoU), stating that military operations across all fronts, including Lebanon, would cease immediately and permanently.

On the U.S. side, President Donald Trump announced via Truth Social that he had authorized the reopening of the Strait of Hormuz and the removal of the U.S. naval blockade.

Further optimism emerged after Pakistan Prime Minister Shehbaz Sharif stated that the finalized agreement is expected to be signed in Switzerland on Friday.

Iranian Deputy Foreign Minister Kazem Gharibabadi also indicated that broader negotiations would continue during a proposed 60-day ceasefire period, with sanctions relief and Iran’s nuclear program expected to be key discussion points.

The developments have reduced fears of a wider regional conflict, encouraging investors to rotate back into higher-risk assets such as cryptocurrencies.

Institutional demand continues to weaken

Despite improving macro sentiment, institutional flows remain a concern for Bitcoin bulls.

Data from SoSoValue shows that U.S. spot Bitcoin ETFs recorded net outflows of approximately $315.84 million last week, marking the fifth consecutive week of withdrawals since mid-May.

The persistent outflow trend suggests that institutional investors remain cautious, even as broader market sentiment improves.

Continued ETF selling could limit Bitcoin’s upside potential and increase the risk of renewed volatility if retail demand fails to offset institutional withdrawals.

Bitcoin’s technical outlook shows improving momentum

The BTC/USD 4-hour chart has flipped bullish as Bitcoin’s short-term momentum has improved, but the broader trend remains challenged.

BTC is currently trading above key support levels after recovering nearly 4% last week. However, the cryptocurrency remains below its major moving averages and a previously broken ascending trendline, indicating that the larger market structure remains bearish.

Momentum indicators are beginning to improve. The Moving Average Convergence Divergence (MACD) has turned positive, while the Relative Strength Index (RSI) has climbed to around 71.

While these signals suggest stabilization, they are not yet strong enough to confirm a full trend reversal.

If the recovery continues, Bitcoin could surge past the 50-day EMA of $70,704 in the near term. A daily candle close above this level could allow BTC to extend its rally towards the $73,412 (100-day EMA) resistance point. 

However, if the bears regain control, the first major support level sits near $64,004. A break below this area could revive bearish pressure and increase the likelihood of a deeper corrective move despite recent signs of stabilization.

For now, Bitcoin remains caught between improving macro sentiment and weakening institutional participation.

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