Technical Analysis

The first U.S. Chainlink ETF has received Federal Register approval to trade on NYSE Arca and is scheduled to launch this week, according to ZyCrypto. The fund offers regulated exposure to Chainlink's oracle infrastructure without directly holding LINK tokens. Market analyst GainMuse sees LINK trading within a descending channel, with key support at $10.5–$11.0 and the price hovering near $12.68.

Zcash (ZEC) traded near $418 after a 13% 24-hour jump and a 24% weekly gain. It held above $407 while testing resistance around $472, with $525 and $616 in view. Developers outlined a congestion-based fee update featuring a 10x priority lane. Grayscale applied to convert its Zcash Trust into an ETF.

Solana's validator set has fallen from more than 2,500 to around 800 since March 2023, a nearly 68% decline based on community tallies compiled by Criptonoticias. SOL is trading near $133, down 2% on the day, within a range defined by $124 support and $145 resistance as analysts debate decentralization, operating costs, and stake concentration.

Bitcoin's 2025 cycle drawdown is roughly -32% from its all-time high, with prices holding near the $90K area and about 88% of coins still in unrealized profit, according to Axel Adler Jr. Around 12% of supply is at a loss, compared with past bear markets that often saw -60–80% drawdowns and roughly 60% of coins underwater. The current pullback therefore appears comparatively mild versus previous bear phases in terms of both depth and the share of supply in loss.

Crypto investors are closely watching the US this week. Four key dates will shape interest rates, risk appetite, and price speculation. Bitcoin hovers around important levels, and headlines drive rapid re-pricings. Traders are reacting attentively, while portfolios are actively hedged.

XRP is trading around $2.05 after slipping roughly 1% in the past day while still up 2% over the week. Market analyst CasiTrades highlights support near $2.04, in line with the macro 0.5 Fibonacci retracement, with resistance seen between $2.1 and $2.5. SoSoValue reports more than $935 million of inflows into US‑listed spot ETFs tied to XRP, while on‑chain activity and token velocity remain elevated.

SPX6900 [SPX] regained upside momentum after retesting a flag pattern near $0.600, posting a 12% daily gain before paring back 5.6%, according to TradingView. Spot volume jumped 68% to 25.61 million and Open Interest climbed 11% to $29.2 million, reinforcing expectations for a potential test of the psychological $1 level.

Bitcoin (BTC) swung to new all-time highs in 2025 before retracing as much as 30%, fueling debate over whether a bear phase has already played out. Market analyst Shanaka Anslem argues the cycle inverted when BTC topped its prior peak before the April Halving and characterizes 2024 as "political repricing," according to a post on X. He sees 2025 displaying bear-market traits and a path to $150,000–$200,000 in 2026, while other analysts caution prices could still slip toward $54,000–$60,000.

Solana rebounded from recent weakness, holding above the $130 support and gaining nearly 5% over the past 24 hours as trading volume climbed to about $5 billion. Analysts say a potential cup-and-handle is forming on the weekly chart, while SOL continues to trade within a $124–$145 range. Key resistance is seen around $150–$156, with derivatives open interest remaining above $7 billion.

Santiment said Monday that a net 403,200 BTC—about 2.1% of total supply—has left centralized exchanges over the past year, even as Bitcoin trades below $90,000. Glassnode data show that only 14.7% of Bitcoin’s supply now sits on exchanges. Analysts point to mixed technical signals and a possible price floor between $74,000 and $77,000.