Source link

Source link

Ethena price extended its weekly gain to about 65% on Aug. 21, reaching $0.142 after a $1 billion lending deal with FalconX and bullish calls from Arthur Hayes fueled demand for ENA.

Summary

• Ethena price gained about 65% in seven days and reached an intraday high near $0.145.
• A $1 billion FalconX facility will fund overcollateralized loans using assets backing USDe.
• 4-hour RSI reached 93.97, warning that the near-vertical rally is overheated.
• A break above $0.1465 could expose $0.1587, while $0.1343 is the first support.

Ethena price action today

According to data from crypto.news, Ethena (ENA) price traded near $0.140 at press time, up about 20% on the daily chart. The token briefly reached $0.1448 after opening the session at $0.116, extending a rally that began near $0.082 on Aug. 18.

The move carried ENA through several resistance levels in less than three days. Buyers first reclaimed $0.10, which had limited previous recovery attempts, before breaking through $0.1099, $0.1221, and $0.1343.

Advertisement

ENA’s 4-hour chart shows that most of the advance occurred through consecutive large green candles. The token has gained more than 70% from its Aug. 18 low, leaving little consolidation between the previous trading range and its current price.

The breakout also reversed a longer period of weakness. ENA had fallen from above $0.21 at the start of 2026 and spent much of June through mid-August between $0.07 and $0.10.

What is driving the ENA rally?

The immediate catalyst was a $1 billion secured warehouse facility announced by FalconX and Ethena.

Advertisement

Under the arrangement, assets backing Ethena’s USDe synthetic dollar can fund overcollateralized loans to institutional borrowers. FalconX will originate and service the loans while also managing the collateral, which will be held with qualified custodians.

Ethena will hold a first-priority security interest over the assets in the lending vehicle. The structure gives the protocol another potential source of returns beyond crypto basis trades, whose yields can weaken when demand for leveraged futures positions declines.

The $1 billion figure describes the facility’s total capacity rather than confirmed capital deployed on its first day. Interest rates, eligible collateral, borrower requirements, and the initial amount drawn have not been disclosed.

Bullish commentary from BitMEX co-founder Arthur Hayes added to the momentum. Hayes wrote in an Aug. 21 X post that an “$ENA 5 bagger is just too easy,” alongside a chart pointing toward roughly $0.50.

Advertisement

Hayes had previously argued that stronger US dollar liquidity could lift Bitcoin, improve derivatives basis yields, and attract capital back into USDe. On-chain reports earlier in August also linked him to purchases totaling 22.64 million ENA worth about $2 million.

Trader Daan Crypto Trades separately identified $0.14 as an important level after ENA gained more than 30%.

“Could see some resistance there. If it breaks higher we’re off to the races,” the trader said in an Aug. 21 X post.

ENA has now reached that area, making its reaction around $0.14–$0.1465 central to the next move.

Advertisement

ENA indicators warn the rally is overheated

Momentum remains strongly bullish, although the 4-hour indicators show a growing risk of short-term profit-taking.

ENA’s 4-hour Relative Strength Index reached 93.97, far above the 70 level commonly associated with overbought conditions. Its RSI moving average stood at 75.97, confirming that momentum has remained elevated across several candles rather than during one brief spike.

The Moving Average Convergence Divergence indicator also supports the uptrend. The MACD line rose to 0.0114, above the 0.0062 signal line, while the positive histogram expanded to 0.0052. The widening gap shows that buying momentum was still accelerating when the chart was captured.

Daily Aroon readings provide another bullish signal. Aroon Up stood at 100%, consistent with ENA recording a fresh high, while Aroon Down was at 64.29%. The readings favor buyers but also reflect the speed and volatility of the reversal from ENA’s earlier lows.

Overbought readings do not guarantee an immediate decline. However, an RSI near 94 means traders entering after the vertical move face a greater risk if momentum slows or early buyers begin taking profits.

ENA price targets $0.1587 if $0.1465 breaks

The daily chart places $0.1465 at the next major resistance. ENA traded just below that level after its intraday high reached approximately $0.1448.

Advertisement

A daily close above $0.1465 would confirm a breakout from the current trading range. The next technical targets would be $0.1587 and $0.1709, followed by $0.1831 if momentum remains strong.

Failure to clear $0.1465 could produce a retest of $0.1343, which previously acted as a reversal level. Lower support sits at $0.1221, followed by $0.1099 and the former breakout area around $0.0977–$0.10.

CoinGlass’ three-day liquidation heatmap shows substantial leverage concentrations below the current price. The strongest nearby clusters appear around $0.118–$0.120, with additional liquidity between $0.104 and $0.116.

A decline through $0.1343 could therefore accelerate as leveraged long positions face pressure. Holding that level would allow ENA to consolidate without breaking the short-term bullish structure.

US market context remains tied to risk appetite

ENA’s rally has also benefited from a broader recovery across the crypto market as Bitcoin moved toward multi-month highs. Rising demand for higher-risk DeFi tokens often follows strength in Bitcoin and Ether, although such assets can also record sharper losses when market sentiment reverses.

Advertisement

FalconX’s US presence gives the lending agreement an institutional connection for American markets. FalconX Bravo, an affiliate of the prime broker, is registered with the Commodity Futures Trading Commission as a swap dealer focused on crypto derivatives.

The warehouse facility does not remove the risks attached to USDe or ENA. Borrower defaults, collateral declines, custody arrangements, smart-contract exposure, changing derivatives yields, and future token unlocks could still affect the protocol and its governance token.

For now, ENA’s breakout remains intact above $0.1343. A close above $0.1465 would support another leg toward $0.1587, while a rejection combined with the extreme RSI reading would raise the probability of a pullback toward $0.1221.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Advertisement

Source link

Bitcoin (BTC) gained more than 20% in five days, delivering the stock market’s average annual return about 140 times faster. The run then stalled at $79,500, just 0.6% short of $80,000.

BTC traded near $76,750 on Friday, up 6.6% on the day. That leaves $80,000 about 4% away. The daily relative strength index (RSI) sits at 84.64, its highest reading of 2026.

How Bitcoin Outran the Stock Market by 140 Times

The math is simple. Since 1928 the S&P 500 has compounded at 10.02% a year, dividends included, per New York University’s Stern School dataset.

Spread across five days, that yearly gain works out to 0.137%. Bitcoin did 20% in the same window. Call it 140 times the pace.

Low to high, the run reached 27%. BTC is heading for its strongest weekly close in two years.

Speed is not recovery. BTC still trades 39% below its record $126,080, set in October 2025.

Washington lit the fuse. The Treasury said on August 19 it would at least double its long-end bond buybacks, from $2 billion per operation to $4 billion.

The purchases cover 10-year to 30-year debt and run from September 9 through November 4. Long yields had just touched 20-year highs. Bond desks read it as a backstop.

Leverage did the rest. Bearish traders lost $1.06 billion in a day as short positions unwound.

Spot buyers showed up too. US spot Bitcoin exchange-traded funds (ETFs) took $517.2 million on August 19, then $606.3 million on August 20. That was August’s biggest day, per Farside Investors.

Three Resistance Layers Block Bitcoin’s Path to $80,000

Friday’s candle opened at $73,027 and ran to $79,500. Then sellers took over. That high hit the rising trendline drawn off February’s lows. Bitcoin climbed it all spring. June’s slide to $58,000 broke it.

Friday’s rally returned to the line from below and failed. Old support now works as resistance.

Two more walls sit in the same pocket. A shelf at $79,427 capped May’s high. The round $80,000 sits just above.

Bitcoin’s current price has to clear all three. Support starts at Friday’s $73,027 open.

Follow us on X to get the latest news as it happens

Weekend Odds Favor Digestion Over a Breakout

Jamie Coutts of Helios Analytics weighed the jump against how calm the market had been. It ranks fifth since 2018.

He found 14 comparable moves. Bitcoin sat higher 71% of the time 30 and 90 days later. The median gain was near 10%. A random day since 2018 returned 1.2%.

The extremes run wide. A similar jump in April 2019 led to a 118.7% gain over 90 days. One in October 2019 led to a 23% drop in 30.

Coutts calls 14 examples a thin sample. His own significance tests came back short of proof.

His table prices the pain too. In the median case BTC dipped 8.4% below entry within 90 days.

“There is a wall of overhead supply at the low $80k range it needs to work through,” wrote Coutts, chartered market technician at Helios Analytics.

On-chain data leans the other way. CryptoQuant shows spot and futures demand positive together for the first time since October 2025.

A separate quicktake ties the bounce to MVRV, which compares price with what holders paid.

Analyst Darkfost put net new demand at a 2026 high of 25,000 BTC. That weighs new coins against coins idle over a year.

“BTC looking strong here. Rallies like this in bear markets usually signal the bottom is in. Might see a dip, but the bear phase is pretty much done imo,” said Ki Young Ju, founder and chief executive of CryptoQuant.

So can Bitcoin reach $80,000 this weekend? Possible, but not likely.

Weekend books run thin. Fewer large buyers trade Saturday and Sunday. Clearing three walls with RSI at 84.64 (overbought) takes size.

A slide back toward $73,000 would cool that reading without wrecking the week. Bitcoin’s longer-term outlook now rests on whether the low $80,000s give way.

The post Bitcoin Moved 140x Faster than Stocks This Week: $80,000 this Weekend? appeared first on BeInCrypto.

Source link

Your day-ahead look for Aug. 21, 2026

Source link

XRP is up 20% in the past 24 hours, and it gives no signs of stopping!

Ripple (XRP) Price Predictions: Analysis

Key support levels: $1, $1.3

Key resistance levels: $1.6, $2

Bulls Return with a Vengeance

In an unexpected move, XRP has rallied by over 20% in the past 24 hours. This comes after the price nearly lost its support at $1. The ongoing rally is market-wide, and XRP has made the best of this opportunity.

At the time of this post, the price has just moved past the resistance at $1.3, which is likely to act as key support. If the rally is sustained, then the next major target is found at $1.6.

Buy Volume Explodes

After months of consolidation just above $1, buyers are finally back, and the volume has spiked to levels not seen since the February crash. The difference now is that buyers are dominating instead of sellers.

This rally is very strong and has erased most of the losses since the start of the year. If it can manage to claim $1.6 as well, then XRP will make a higher high and officially end its downtrend.

Daily RSI Enters Overbought Zone

This very aggressive buying has pushed the daily RSI above 80. That places it in the overbought area and signals caution for late buyers. Most of the move could be behind us even if XRP does eventually hit $1.6.

Whatever happens going forward, XRP has already made a big statement that could turn the price action bullish for the remainder of the year. Ideally, this cryptocurrency will consolidate and confirm the recent gains before going higher.

The post Important Ripple (XRP) Price Update: August 21st appeared first on CryptoPotato.

Source link

XRP price is changing hands at $1.3, up 18% on the day, extending a violent 22% rally that carried the token to $1.26 in a single 24-hour window days earlier, shrugging off bearish prediction. But what’s driving it, and more importantly, where does the smart money rotate once the easy gains are booked?

The rally wasn’t XRP-specific. It traces back to two August 19 announcements: the U.S. Treasury doubling its longer-term bond buyback program to inject market liquidity, and President Trump reiterating his push to make the U.S. a Bitcoin superpower while pressing Congress to pass the CLARITY Act.

Following all the catalysts, the total crypto market cap responded with an 8% jump to $2.5 trillion in 24 hours. XRP simply rode the wave harder than most large-caps.

That macro tailwind explains the spike, but it doesn’t answer whether XRP holds these levels or gives them back. The technical picture underneath the headline number tells a more complicated story.

Discover: The Best Crypto to Diversify Your Portfolio

XRP Price Prediction: Hit $1.50 This Week?

XRP printed an intraday high of $1.32 in the 24-hour session that shook out short leveraged positions. Recent rally analysis points to resistance clustering near $1.30–$1.34, the exact zone price is testing now, while support has shifted up to $1.10–$1.00 after repeated tests of the psychological $1 level earlier this month.

Momentum data, however, shows downside risk toward $0.62 if momentum fails, while Standard Chartered maintains a longer-term $2.8 target, a split that underscores how unsettled sentiment remains even mid-rally.

Xrp (XRP)

24h7d30d1yAll time

• Bull case: a clean break and hold above $1.34 opens room toward $1.60–$1.80.
• Base case: consolidation between $1.10 and $1.30 while the market digests the move.
• Bear case: a fade back below $1.10 invalidates the breakout thesis and re-tests $1.00.

Wave-count analysis suggests the reclaimed $1 level needs to hold as a floor for any of the bullish targets to stay credible.

Trade XRP Market on Kalshi and Get a $25 Signing-up Bonus

Bitcoin Hyper Targets Early Mover Upside as XRP Tests Key Levels

A 22% pop validates anyone who bought the dip below $1. But XRP is a multi-billion-dollar asset now, and a repeat of that percentage gain from here requires enormous capital inflow, not just sentiment.

That math is exactly why traders chasing outsized returns increasingly look toward earlier-stage infrastructure plays where the market cap ceiling hasn’t been tested yet. Some of that rotation lands on Ripple’s broader valuation story; some of it lands on presales building the next layer of crypto infrastructure entirely.

Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 with native SVM integration, smart contract execution at speeds it claims outpace Solana itself, while settling back to Bitcoin’s base layer for security.

The presale is priced at $0.013685 and has raised $33 million so far, with staking rewards on offer for early participants. The pitch: solve Bitcoin’s slow, expensive, non-programmable core through a decentralized canonical bridge and low-latency execution layer.

Traders can research Bitcoin Hyper directly before the round progresses further.

Discover: The Best Token Presales

The post XRP Price Prediction: 22% Rally, But Ripple Still is Undervalued appeared first on Cryptonews.

Source link

Source link

Ethereum has staged a sharp breakout from its multi-week consolidation, with ETH now trading around $2.4K after reclaiming the descending trendline that had capped the broader recovery. The move is supported by a strong acceleration in momentum and a noticeable rise in short liquidations, although the sharp increase in RSI readings suggests the rally could become vulnerable to a near-term pullback.

Ethereum Price Analysis: The Daily Chart

On the daily chart, ETH has decisively broken above the descending trendline that had been in place for months. The breakout is particularly significant because the price had spent several months consolidating below that resistance while forming higher lows from the June bottom near $1.5K.

The latest surge has carried ETH directly into the $2.1k resistance level, with the price currently testing the $2.4K supply zone. This area represents the immediate test for the breakout. A sustained daily close above the zone would strengthen the bullish structure and could open the way toward $3K and potentially higher.

On the downside, the former breakout area around $2.1K is now the first major support zone. Holding above it would keep the recent breakout structure intact. Below that, the $1.8K region represents another important support area, while the $1.5K zone remains the deeper structural floor.

Momentum has also shifted sharply in favor of the buyers. The daily RSI has jumped above 75, running deep into the overbought area. This does not necessarily invalidate the breakout, particularly during a strong expansion move, but it does increase the probability of consolidation or a retest before another sustained leg higher.

ETH/USDT 4-Hour Chart

The 4-hour chart provides an even clearer picture of the breakout. ETH spent much of the last few months moving sideways before suddenly breaking above the short-term mildly ascending channel and the $2.1K resistance zone.

The breakout was followed by an almost vertical advance toward $2.4K, indicating strong short-term momentum. The $2.1K zone is therefore the key area to watch if the rally starts to retrace. A successful retest of this region as support would provide a healthier confirmation of the breakout.

As observed on the daily chart, the next major resistance sits around $2.4K, where ETH is currently trading. A decisive move above this zone could extend the advance toward higher levels in the upcoming weeks. At the same time, the 4-hour RSI has surged far above 80 and is moving sideways in this region.

That reading highlights just how stretched the immediate move has become. A pullback toward $2.1K would therefore not necessarily be bearish and would likely be necessary for the market to cool down, provided ETH maintains the breakout zone.

Sentiment Analysis

The liquidation chart shows a clear increase in Ethereum short liquidations alongside the latest price surge. Short liquidations have risen sharply toward roughly 28K on the latest spike, following a period in which the metric had remained comparatively subdued.

This suggests that the move above $2K has forced a growing number of bearish positions to close, adding forced buying pressure to the rally. In other words, the breakout appears to have developed a short-squeeze component.

However, the latest liquidation spike is still below several of the much larger liquidation events visible earlier in the chart, including episodes above 40K and 50K. That indicates the current squeeze has been significant but has not yet reached the most extreme levels seen during previous Ethereum rallies.

Overall, the charts favor a bullish interpretation as long as ETH holds the newly reclaimed $2K-$2.1K area. The immediate challenge is whether buyers can sustain momentum above the $2.4J resistance zone. With both the daily and 4-hour RSI heavily overbought and short liquidations accelerating, a temporary cooldown would be unsurprising, but the breakout structure remains constructive unless ETH loses its key support zones.

The post Ethereum Price Prediction: Has ETH Opened the Door to $3K After the Latest Breakout? appeared first on CryptoPotato.

Source link

• Flowra launches an open auction for Solana blockspace and MEV.
• Early tests showed a 20.6% increase in compute units per block.
• Programmable policies give Solana validators more control over blocks.

Flowra has launched an Open Orderflow Auction (OOA), a new block-building framework for Solana designed to introduce greater competition into the network’s maximal extractable value (MEV) market and potentially increase validator revenue.

The Seoul-based blockchain infrastructure company said the system allows registered searchers to compete for transaction inclusion through a transparent auction instead of relying on closed orderflow channels.

Flowra said the approach could improve price discovery while allowing validators to capture more of the value generated by MEV.

Flowra opens Solana block building to competition

The Open Orderflow Auction is intended to create an open marketplace for Solana blockspace, allowing searchers to compete through bids for transaction inclusion.

Flowra’s approach is inspired by competitive block-building models that have emerged on Ethereum.

Advertisement

The company said open bidding on Ethereum has contributed to higher proposer revenue and believes Solana’s high throughput and low-latency architecture could support a similar model.

In early testing on a single validator, a Flowra-enabled setup increased compute units per block by 20.6%.

The validator moved from 84% of the network average to 101%, according to the company.

Flowra also reported higher block fees than comparable validator software, alongside 100% block production and 99.999% block engine uptime during the test.

Advertisement

The results are based on early testing rather than a broader network-wide deployment.

Programmable policies give validators more control

Alongside the auction system, Flowra is introducing Programmable Block Policy, which allows validators to establish their own transaction inclusion policies at the block-building layer.

The company said the feature is designed to provide validators with greater operational flexibility, including the ability to meet regulatory and institutional compliance requirements without modifying the underlying Solana protocol.

Flowra recently announced a collaboration with compliance infrastructure provider Honeypot to bring sanctions and risk screening to this layer.

Advertisement

According to Flowra CEO Harry Hwang, Solana’s technical performance has helped make it a leading blockchain network, but its MEV market remains concentrated.

“By opening block building to transparent competition, we’re creating a more efficient market for blockspace,” Hwang said. He added that the system would give validators greater control over block construction while providing verifiability and auditability.

The company’s architecture separates these block-building policies from changes to the underlying network protocol, according to the announcement.

Flowra targets institutional validators

Flowra is currently onboarding institutional-grade validators to its Open Orderflow Auction, with a broader rollout planned as participation in the Solana ecosystem expands.

Advertisement

The OOA is now available to validators and searchers participating in the Solana ecosystem, although the company did not provide details on the number of participants currently using the system.

Flowra describes itself as a blockchain infrastructure company focused on validator and orderflow solutions for Solana. Its products include validator infrastructure, delegation programs and MEV-related technologies.

The company said its broader objective is to improve transaction transparency, value distribution and incentive alignment among validators, users and builders.

The launch comes as Flowra seeks to apply a more market-based approach to Solana’s block-building process.

Advertisement

Its initial testing suggests potential improvements in block utilization and validator fees, while the Programmable Block Policy adds a mechanism for validators to customize transaction inclusion.

The broader impact of the system will depend on adoption among validators and searchers as Flowra expands its rollout across the Solana ecosystem.

---

Share this article

---

Categories

Advertisement

Source link