Crypto Market Movers
By Sakamoto Nashi
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Ethena Faces Risk of Breakdown. At the time of writing on Monday, Ethena was trading near $0.
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Lido Slides Toward Key Support. Lido (LDO), the governance token of the liquid staking protocol, extended its weekend decline by…
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Pump.fun Struggles in Falling Wedge. Pump.fun (PUMP), a token linked to coin start activity, is also facing pressure at the start of…
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Liquidations Drive Market Sentiment. The broader crypto market’s $666 million in liquidations has set the tone for altcoins this week.
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Market Outlook. The declines in Ethena, Lido, and Pump.fun reflect wider fragility across altcoins after weeks of…
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Ethena (ENA), Lido (LDO), and Pump.fun (PUMP) were among the biggest losers in the last 24 hours, extending ongoing corrections.
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At the time of writing on Monday, Ethena was trading near $0.6881, only slightly above its recent low of $0.6744.
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Technical indicators suggest Ethena may be on the verge of testing deeper support. A key rising trendline connecting the August 2 and August 21 lows provides the nearest cushion…
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Momentum indicators are also pointing to weakness. The Moving Average Convergence Divergence (MACD) has been sliding lower since a bearish crossover on August 15, with red…
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Still, a bounce cannot be ruled out. If Ethena holds its support trendline or breaks decisively above $0.7533—its Friday close—the token could revisit the $0.
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The double top is visible from the price peaks recorded on August 12 and August 22. Adding weight to this bearish signal, the RSI on the daily chart is forming lower highs while…
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If Lido closes below $1.2250—its August 10 low—it could trigger additional downside momentum. Such a move may push the token toward the 200-day EMA, currently at $1.1046.
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On the other hand, bulls could regain control if Lido climbs above the $1.6230 resistance from August 12. A successful breakout from that level could open the path to the $1.
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On the 4-hour chart, PUMP is moving inside a falling wedge pattern. While wedges can sometimes indicate a potential reversal, the near-term trajectory remains lower, with traders…
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The RSI currently reads 40, approaching oversold conditions, while the MACD continues to slope downward following a bearish signal triggered on August 24.
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