Key Insights: AVAX drops 90% from its ATH, testing the final accumulation zone between $15-$11. Avalanche’s TVL growth surged 3, 200%, positioning it among the top DeFi platforms for future expansion. Breakout targets for AVAX range from $43 to $302, contingent on sustained support and market recovery. Avalanche (VAX) has recently reached a crucial support zone after a significant decline from its all-time high (ATH) in 2021. According to market analysts, the cryptocurrency is now testing the final accumulation zone. This comes after a 90% drop from its ATH, and many believe this could present an important opportunity for long-term investors. Price Movement and Current Support Zone AVAX has been under pressure since its peak in 2021, when the cryptocurrency reached new heights. As of the time of writing price stands at approximately $14. 47, with a 24-hour trading volume exceeding $408 million. The support zone between $15 and $11 has drawn attention due to a mix of technical indicators, including a four-year mega support level, the 0. 786 Fibonacci retracement level, and a wedge floor. The belief is that these levels could serve as a solid foundation for price stabilization. AVAX is expected to maintain support at these levels before any further upward movement. However, the key to further recovery lies in whether the price can hold this support and break through the targeted resistance levels. TVL Growth and Avalanche’s Market Position Avalanche has been showing signs of improvement on the decentralized finance (DeFi) front. The Total Value Locked (TVL) in the Avalanche network has more than doubled since July 2024. Notably, the Real World Asset (RWA) TVL has risen by an impressive 3, 200%, pointing to a growing interest in the platform. This growth places Avalanche among the top 3 entities in a market that is projected to reach $18 trillion by 2023. Despite this positive development, the price of AVAX has been under pressure in the short term. The network’s fundamentals continue to strengthen. As the DeFi sector expands, more investors are paying attention to Avalanche’s growing presence in the market. Breakout Targets for AVAX Looking ahead, analysts are forecasting potential breakout levels for AVAX. If the price can maintain its support and eventually break resistance, targets are set at $43, $85, $145, and even $302. These levels indicate the long-term potential of AVAX, provided it can gain traction in the market. The path to these higher price points will depend on the broader market conditions and Avalanche’s continued growth in the DeFi sector. If AVAX can sustain its current support and avoid further declines, it may find itself in a position to capitalize on the next phase of market recovery.
https://bitcoinethereumnews.com/tech/avax-faces-key-support-with-breakout-targets-ranging-to-302/
Tag Archives: stabilization
Worldcoin Extends Its Downtrend as Open Interest Falls and Price Stabilization Attempts Remain Weak
The asset remains near multi-month lows as momentum weakens across both spot and leveraged markets, offering limited evidence of a near-term trend reversal. Open Interest Declines as Price Forms Lower Lows on the 1H Chart Open interest in WLD derivatives has steadily decreased over recent sessions, mirroring the asset’s consistent downtrend on the 1-hour timeframe. After posting levels above 83. 5M, open interest slid toward the 82M range during the sharp decline between the 12th and 14th, indicating that traders were closing positions rather than adding new short pressure. Source : Open Interest & Price Action The 1H chart shows a textbook bearish structure, with lower highs and lower lows forming from November 10 onward. While price experienced a slight stabilization near the 17th-18th, the recovery has been shallow, producing small-bodied candles and wicks that signal indecision rather than renewed buying strength. The mild uptick in open interest during the consolidation phase suggests early positioning-potentially accumulation or short covering-but the magnitude remains too small to shift market structure. For now, the combination of falling price and reduced leveraged exposure underscores a market still in de-risking mode, lacking the conviction needed for a meaningful reversal. WLD Trades at $0. 67 as Market Cap Holds Above $1. 56 Billion According to BraveNewCoin data, Worldcoin is currently trading at $0. 67, reflecting a -1. 50% decline over the past 24 hours. The project’s market capitalization is reported at $1, 569, 369, 054, supported by $182, 784, 361 in daily trading volume. Circulating supply is recorded at 2, 331, 503, 775 tokens, placing Worldcoin at Rank 73 by market capitalization. Despite the controlled pullback, intraday price ranges remain tight, and liquidity flows show moderation. Worldcoin’s subdued session reflects a broader theme of consolidation and low volatility, with spot metrics providing no clear signal of bullish momentum returning in the short term. Daily Chart Shows Multi-Month Breakdown and Bearish Continuation TradingView’s WLD/USDT daily chart reveals a prolonged downward trajectory extending from earlier highs near $1. 80 in June. After a strong rally in early summer, the asset shifted into an extended consolidation range from June through August, with reduced volatility indicating hesitation among market participants. The coin now trades around $0. 67, near its yearly lows, with elevated sell-side volume confirming persistent bearish sentiment. Volatility remains moderate, and no major reversal structure has yet formed. Price continues to trend downward in alignment with weakening momentum, while the overall pattern reflects a slow grind lower rather than sudden capitulation.
https://bitcoinethereumnews.com/tech/worldcoin-extends-its-downtrend-as-open-interest-falls-and-price-stabilization-attempts-remain-weak/
Bitcoin Price Prediction 2025: BTC Slides Below $100K as Traders Watch for a Reclaim and EV2 Presale Sees Rising Demand as Hype Grows
Bitcoin Trades Below $100,000 as Traders Watch the $101,000 Reclaim Level
EV2 Launches Token Presale with New Features and PvX Gameplay
Bitcoin continues to face pressure, slipping below the $100,000 mark amid shifting pricing expectations in the short term. As sellers dominate and volatility increases, attention is focused on reclaiming key levels to trigger the next directional trend. Meanwhile, the EV2 token presale is gaining momentum, attracting investors eager for early exposure to blockchain gaming.
**Bitcoin Faces Trend Pressure as Traders Monitor Key Technical Levels**
Crypto analyst Michaël van de Poppe recently noted that a market reversal could occur if Bitcoin’s price moves above the previous support zone around $101,000. He highlighted that Bitcoin remains weak below this level, with many traders believing the four-year cycle has topped, which has contributed to selling pressure.
At the time of writing, BTC was trading at approximately $97,000 following another 6% drop on the day. Trading volumes increased as sellers took profits. Chart analysis shows a sequence of lower lows and lower highs, indicating a short-term downward structure. The break below $100,000 has turned that level into resistance, intensifying pressure on buyers trying to regain ground.
Bitcoin has dropped below $95,000 and stabilized, but a trend reversal would require reclaiming the crucial $101,000 resistance level.
**BTC Technical Forecast: Bearish Momentum Prevails**
Technical indicators suggest a bearish outlook for Bitcoin. The 9-day Exponential Moving Average (EMA) sits near $100,176, well above the current price point. The MACD remains negative, with widening red bars that indicate selling momentum is still dominant. The Relative Strength Index (RSI) is nearing 31, entering oversold territory where short-term price bounces become more probable.
Support levels hold near $97,000 and $95,000, with deeper support around $92,500 if selling persists. Resistance remains strong at $100,500 and $102,500, with a potential push toward $105,000 if Bitcoin can successfully reclaim the $101,000 level.
**TradingView 4-Hour Chart Highlights**
Recent price action shows a decline accompanied by a bearish MACD crossover with a falling histogram, while the RSI trends downward toward oversold levels—signaling continued bearish energy.
**Price Prediction Outlook: Market Awaits Trend Confirmation**
With implied volatility elevated, traders are closely watching the $95,000 to $97,000 zone for signs of stabilization. A bounce from this area could spur a move toward $99,500, followed by a test of the $100,000 to $100,500 resistance zone. Closing above $102,500 might validate a short-term structure change.
Conversely, if support at $95,000 fails to hold, further declines toward $92,500 or, in case of heavier selling, around $89,000 could materialize. Analysts widely regard reclaiming $101,000 as key to initiating a broader recovery.
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**EV2 Token Presale Opens Amid Growing Interest in PvX Looter-Shooter Gameplay**
While attention remains on Bitcoin, Funtico has launched the public presale for EV2, the token powering its upcoming open-world PvX (Player versus X) looter shooter, Earth Version 2. The presale offers 40% of the total token supply, granting early access to players and supporters. It is also available via the Ethereum network.
Earth Version 2 features large-scale battles, cinematic environments, and five customizable combat suits. Players can explore multiple worlds, collect modular loot, and compete across PvE, PvP, and PvEvP modes. A notable mode called Fracture challenges 25 players to collect color-coded cubes before entering a final survival phase.
The EV2 token is built on the Avalanche network and is priced at $0.01 during the presale, with approximately 1.15 billion tokens in existence. Participants can acquire tokens using an Avalanche-enabled wallet and redeem them after the presale concludes.
This project aims to bridge traditional gaming and decentralized finance by offering an in-game marketplace featuring rare, collectible digital assets that are monetized and upgradeable. According to EV2’s documentation, the roadmap includes marketplace integration and scheduled tournaments designed to sustain player engagement. Presale buyers will also receive exclusive bundles and in-game digital items.
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**Further Observations**
Bitcoin’s downward trend is likely to continue until the $101,000 level is reclaimed. However, given the oversold conditions, a short-term rebound is possible. Meanwhile, the EV2 token presale continues to gain traction, reflecting growing enthusiasm in blockchain-based gaming.
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**EV2 Presale Links:**
[Presale Website]
[Telegram]
[X]
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*Disclaimer:* This is a sponsored article for informational purposes only. It does not reflect the views of Crypto Daily and is not intended as legal, tax, investment, or financial advice.
https://bitcoinethereumnews.com/bitcoin/bitcoin-price-prediction-2025-btc-slides-below-100k-as-traders-watch-for-a-reclaim-and-ev2-presale-sees-rising-demand-as-hype-grows/