Altcoin News

May 8, 2025 • News

Ethereum Struggles Below $1,880 as Pectra Launch Meets Market Caution

Ethereum trades below $1,880 as resistance holds, Pectra upgrade rolls out, and traders await May 7 FOMC meeting for market direction.

SUI Eyes $5 Breakout as Bull Flag Pattern Signals Strong Continuation

May 8, 2025 •

Crypto

SUI consolidates in a bull flag pattern above $3.20, targeting $5 as bullish sentiment and institutional support continue to grow.

Dogecoin Forms Diamond Bottom as Analysts Eye Breakout to $0.35

May 8, 2025 •

Crypto Market

Dogecoin forms a rare Diamond Bottom pattern as analysts eye a breakout to $0.35, supported by rising holding time and whale accumulation.

Bitcoin Dominance Hits 65% as Altcoin Pressure Mounts

May 7, 2025 •

Altcoin

Bitcoin dominance hits 65% for the first time since 2021, signaling growing investor preference for BTC as altcoin momentum stalls.

SEI Hits $625M TVL and 266K Users While Bulls Defend $0.2540 Support

PNUT Tests $0.1848 Resistance as Market Watches for Reversal

May 7, 2025 •

Crypto Market

PNUT tests key resistance at $0.1848 amid bullish volume. Breakout could spark a rally toward $0.65, pending market and Bitcoin stability.

Pump Token Jumps 16% in Premarket as Bybit Cites API Issue

Axelar Price Breakout Signals Shift—Investors Eye $0.4103 for Trend Validation

Axelar (AXL) breaks from prolonged downtrend, gaining 5.7%—analysts watch resistance at $0.4103 for confirmation of trend reversal.

May 7, 2025 •

Axelar Price

Crypto Market

Pump.fun $600M Token Sale Page Vanishes from Gate.io, Raising Questions

RNDR Forms Bullish Flag as Price Eyes $5.00 Mark

RNDR trades between $4.33 support and $4.57 resistance after a breakout, with a potential push toward the $5.00 level if buying momentum continues.

May 7, 2025 •

Crypto Market

Cryptocurrency

Ripple CTO Says Satoshi May Have Held Large XRP Holdings in 2017

Ripple’s RLUSD Stablecoin Secures Gemini Listing, Expands Market Reach

Ripple's RLUSD stablecoin has been added by Gemini, expanding its availability following listings on Bullish, Bitstamp, and LMAX Digital.

May 7, 2025 •

Crypto Market

Cryptocurrency

Ripple Joins AEON to Enable XRP and RLUSD Use in Real-World Spending

Ripple Claims SEC Dropped XRP Appeal in Q1 Report, Lawyer Disputes

Ripple’s Q1 report claims the SEC withdrew its XRP appeal, but legal experts point to a lack of formal confirmation from the regulator.

May 7, 2025 •

Crypto Market

Cryptocurrency

Ripple Clarifies No Direct Control Over 38 Billion XRP in Escrow

Ripple’s SEC Case Nears Final Resolution as Injunction Set to Be Vacated

Ripple confirms SEC’s intent to vacate injunction and reduce penalty to $50 million, marking a turning point in the legal battle.

May 7, 2025 •

Crypto Market

Cryptocurrency

The crypto market cap holds steady at $2.88T after a bullish structure shift, signaling a potential higher low formation ahead. Despite a recent 0.88% dip, the total crypto market cap stays above key fib levels, showing strength after April’s recovery. Sentiment remains bearish, but price structure and volume suggest the market is building a solid base between $2.7T and $3.0T. The total cryptocurrency market cap is showing signs of renewed strength after a major structural shift on the daily timeframe. The market currently sits at $2.88 trillion, down slightly by 0.88% on the day. However, despite the dip, recent price action has turned bullish. A clean break in structure has emerged following April’s recovery. Traders now eye a higher low as the next key development. A purple support zone just below current levels looks promising. If that fails, deeper Fibonacci levels may provide support. Structural Recovery Follows Steep Correction Since November 2024, the crypto market has moved through a well-defined cycle. The trend started near $2.1 trillion and quickly rallied. December brought explosive growth, pushing the market cap above $3.6 trillion, a 71% rise. Mid-December marked the first peak, followed by a minor consolidation. Source: CRG Momentum returned in January 2025, briefly lifting the market near $3.6 trillion again. However, February reversed the trend. A steep March correction dragged the market down 25%, dropping the cap from $3.1 trillion to $2.3 trillion. April marked a turning point. The market formed a rounded bottom near the $2.3 trillion level. Fibonacci retracement zones appeared, showing possible recovery targets. Price eventually rallied near $3 trillion before pulling back slightly. Bulls Watch for Base Before Breakout Current consolidation between $2.7 trillion and $3.0 trillion suggests a new base may be forming. This aligns with broader bullish sentiment despite recent bearish headlines. CRG from MacroCRG notes that sentiment remains near record lows. However, price structure tells a different story. The market now trades above key Fibonacci levels, with volume evenly split between buyers and sellers. This balance hints at an accumulation phase rather than distribution. The purple zone beneath current prices could form the ideal higher low. Moreover, technical traders view dips as opportunities rather than signals of collapse. With a bullish structure in place, a strong move higher seems increasingly likely. Price may need more time to build momentum, but the foundation appears solid.

Crypto Market Cap Eyes Breakout After Clean Structure Shift

Crypto market cap shows bullish structure above $2.88T as traders anticipate a higher low and potential breakout from consolidation.

May 7, 2025 •

Crypto

Crypto Market Cap

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