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ONDO Price Breakout Signals Strong Move After $2 Billion Surge in Market Cap

By Sajjal Ali | Edited By Ammar Raza,May 17, 2026, 10:00 AM

ONDO price is gaining attention after Niels pointed out a rapid increase in tokenized market value. In just one month, the project added $2 billion, lifting total assets from $1.18 billion to over $4.4 billion within eight months.

The consistent increase signifies a growing trend towards the tokenization of tangible assets as well as a growing involvement of major stakeholders in on-chain financing.

ONDO rapid increase in tokenized market value

Source: X

The consistent inflow indicates that the price of ONDO has gone beyond estimates and reached the stage of adoption where the larger stakeholders are participating.

According to market observers, such trends of growth come into being when the newly established financial system begins to develop trustworthiness and liquidity among both retail customers and institutional investors.

Also Read: XRP Price Breakout Above $1.56 Could Trigger Strong Upside Rally Move

ONDO Price Breakout Structure and Technical Levels

The price pattern indicates that the ONDO price has made a breakout from its lengthy period of multi-month consolidation at $0.26 to $0.30.

Such a breakout can signal that the accumulation process might be complete and buyers have started gaining control after an extensive selling period.

The ONDO price has been subjected to heavy resistance at $0.95, which resulted in a long downtrend until it eventually stabilized in a narrow range.

ONDO Price Breakout Structure and Technical Levels

Source: X

The traders are now focusing on the area between $0.45 and $0.48 as the key level. The ONDO price can either maintain its uptrend from here onwards, or it can be rejected yet again.

As long as the price manages to remain above the previous high at $0.30-$0.31, the chart points towards an ongoing uptrend until the next resistance zones. However, if the price fails to hold above these zones, a drop back to the previously traded range is imminent.

Liquidity, Heat, and Market Positioning

The recent blockchain activity reported by Nazoku reveals that a wallet linked to Ondo Finance transferred 5.12 million ONDO (roughly equivalent to $1.76 million) to Coinbase. This is causing traders to be wary for the near future.

Liquidity, Heat, and Market Positioning

Source: X

Currently, the ONDO price sits close to the $0.34 support line, and the liquidity heat map reveals clusters on both buy and sell sides.

There is a $30 million liquidation pool close to $0.337, while there is a $24 million cluster close to $0.35. This makes for a small region that will experience volatility.

Liquidity, Heat, and Market Positioning

Source: X

The market makers and traders who use leverage find themselves in a delicate position, such that small price changes may cause substantial liquidations from either side. It results in sudden price spikes as it tries to eliminate liquidity to form a trend.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: DASH Price Could Surge Toward $143 if Bulls Maintain Key Support Level

Filed Under: Cryptocurrency News

Ethereum Price Prediction Shows Over 110% Upside Toward $4,800 Breakout Zone

By Sajjal Ali | Edited By Ammar Raza,May 17, 2026, 9:00 AM

Ethereum price is again drawing attention after market watcher Javon Marks highlighted a hidden bull divergence on the monthly chart.

According to the analysis, ETH has the potential to bounce back to recover more than 110 percent above the $4,811 price mark. The Ethereum price prediction has room for gains if the trend remains robust.

If such a breakout occurs, it would put the $8,500 figure on the agenda for the next wave of expansion. The following chart illustrates the larger market trajectory of Ethereum price from its 2020-2021 bull run, when it reached around $4,800.

Once it had reached the peak in that particular cycle, ETH fell heavily during the bear market of 2022. This decline brought an end to risky bets and affected the entire sentiment in the crypto space. Later on, the price stabilized between $1,200 and $1,600.

Ethereum price analysis
Source: X

The zone has become an important location for accumulation since the sell-side pressure was reduced, while ETH remained in an extended sideways consolidation pattern with several rounds of rallying and retracing.

Currently, such a structure is considered a possible phase of reaccumulation, associated with the initial stages of a bullish trend in the Ethereum price prediction.

Also Read: FET Price Outlook: Can Buyers Break Resistance and Reach $0.60?

Ethereum Price Prediction Signals Long-Term Recovery

One major technical clue is the uptrend line, which indicates that buyers are always there to buy whenever there is a dip. Ethereum has not yet broken out; it does not matter because the pattern is not a strong bearish one like in 2022.  

Instead, the setup points to a transition from accumulation toward expansion, supporting the ongoing Ethereum price prediction.

The resistance at the level of $4,891 is the first major resistance for Ethereum because many investors will sell off their holdings.

If the price surpasses the level of $4,891 and manages to maintain its position at the new level, the upward momentum might accelerate. The long-term target of $8,557 is based on the cycles seen previously.

$35 Billion ETH Open Interest Raises Volatility Concerns

On the other hand, crypto analysis firm Alphractal indicated that the open interest position for Ethereum at global exchanges increased from $34.97 billion to $35.61 billion, causing high leverage to be closer to the peaks reached in 2025.

$35 Billion ETH Open Interest Raises Volatility Concerns

Source: Alphractal

It also highlighted that funding rates became negative lately amid a significant amount of positioning activities.

Meanwhile, the spot Ethereum ETFs have amassed close to $14 billion in investments this year, bringing in much institutional investment. As a result of increased leverage, bearish momentum decline, and strong ETF inflows, the upcoming movement of Ethereum may become very volatile.

$35 Billion ETH Open Interest Raises Volatility Concerns

Source: Alphractal

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: VIRTUAL Price Faces Resistance at $0.80: Can Bulls Push It Toward $1 Target?

Filed Under: Cryptocurrency News

Solana Price Faces Crucial Retest as Breakout Momentum Targets $120 and $145

By Zagham Abbas | Edited By Ammar Raza,May 17, 2026, 3:00 AM

Solana price is currently in a critical technical stage that entails a test of a crucial breakout level. There are indications of downward pressure in the market, though bulls are fighting to hold onto support levels despite breaking out of a technical formation.

This retest will be critical in determining whether the breakout momentum holds strong. If the support remains firm, Solana may move higher in the future sessions.

At the time of writing, SOL is trading at $86.20, marking a 5.63% drop over the last 24 hours. Despite the decline, market activity remains significant, with 24-hour trading volume at $5.47 billion and market capitalization at $49.82 billion, showing that interest in the asset is still active even during weakness.

Solana price chart

Source: CoinMarketCap

Also Read | Dogecoin Price Could Rebound Toward $0.15 if Buyers Regain Momentum

Solana price Tests Key Retest Zone After Breakout

On May 16, 2026, crypto analyst Jonathan Carter reported that the Solana price was in the process of going through an essential technical stage, during which a descending triangle retest would take place. The Solana price had previously broken out of the pattern, and it had come back to retest the old resistance level, which now acts as a support level on the daily time frame.

Solana price Tests Key Retest Zone After Breakout

Source: Jonathan Carter’s X Post

The movement of the market in relation to this area indicates consistent resistance by the buyers, with the Solana price remaining above the breakout point despite the presence of sellers. This implies that there is still buying interest in the current prices, notwithstanding the volatility.

In case this support area holds, Solana price might consider testing its luck towards a more meaningful bullish move, targeting levels of $98, $120, and $145.

Market Activity Slows as SOL Moves Sideways

However, a larger analysis of trade figures indicates lower participation in the market. The volume is down 11.69% at $9.60 billion, while the open interest is down 3.58% to $5.68 billion. This suggests a decline in participation in both the spot and derivatives markets as the Solana price consolidates.

Market Activity Slows as SOL Moves Sideways

Source: Coinglass

In addition to this, the open interest weighted funding rate is 0.0047%. This means that the SOL price is balanced since the rate shows that there isn’t any particular trend being developed in favor of the long position or the short position.

Market Activity Slows as SOL Moves Sideways

Source: Coinglass

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | Grayscale and VanEck Update BNB ETF Filings as SEC Review Intensifies

Filed Under: Cryptocurrency News

Chainlink Price Tests Crucial Support as Bulls Eye $10.86 and $11.85 Targets

By Zagham Abbas | Edited By Ammar Raza,May 17, 2026, 2:00 AM

Chainlink price is currently experiencing downward pressure in the short term because of the loss of its previous momentum. Nevertheless, Chainlink’s price is currently trading within an important demand level that might assist with a potential reversal.

At the time of writing, LINK is trading at $9.65, with a 24-hour trading volume of $482.32 million and a market capitalization of $7.03 billion. The Chainlink price has fallen 6.38% over the last 24 hours, showing short-term pressure after failing to hold recent gains.

LINK price chart

Source: CoinMarketCap

Also Read | Hyperliquid (HYPE) Price Eyes $100 Target Amid Strong Bullish Momentum

Chainlink Price Signals Potential Reversal

As highlighted by crypto analyst Crypto Patel, on May 16, 2026, the pattern is still in the process of creating a bullish formation. The reason for this assertion is that he feels that the Chainlink coin price has undergone a change after the CISD pattern and is currently retracing towards the breaker block region.

Chainlink Price Signals Potential Reversal

Source: Crypto Patel’s X Post

The retracement is also following the inefficiency fill zone (IFVG), with liquidity still positioned above. This leaves room for further upside retracement should support hold out.

The upside targets for LINK price to consider are at $10.86 and $11.85. It is important to note that such an assessment will no longer be valid in case Chainlink closes below $8.90 on its daily time frame.

LINK Price Momentum Slows as Indicators Turn Weak

The recent developments indicate that the Chainlink price has lost momentum following the recent upsurge in price. The Relative Strength Index has come down to 47.87, indicating that the buying pressure has decreased considerably. The price of Chainlink is trading around $9.66, having witnessed a fall of 4.03% for the day.

LINK Price Momentum Slows as Indicators Turn Weak

Source: TradingView

MACD also acts as an additional confirmation of momentum deceleration. In fact, the current level of MACD stands at 0.24915, but the histogram has dropped to the level of -0.02208. This can indicate that further decline will put Chainlink’s price near support levels ranging from $9.35 to $9.13.

Outlook for LINK Price

Overall, the LINK price finds itself at a critical crossroads. Although there are negative technicals in play for the short term, the overall pattern as seen from the chart provided by Crypto Patel hints at a potential turnaround if certain levels hold.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | XRP Price Builds Long-Term Setup as Fibonacci Extensions Target $8

Filed Under: Cryptocurrency News

SHIB Price Nears Breakout Zone as Falling Wedge Signals Major Move Ahead

By Zagham Abbas | Edited By Ammar Raza,May 17, 2026, 1:00 AM

Shiba Inu (SHIB) price is at a very crucial stage from a technical point of view, with short-term indicators exhibiting weakness along with the build-up of selling pressure. The falling wedge pattern on a larger timeframe continues to develop, and the focus remains on a potential breakout.

At the time of writing, SHIB is trading at $0.000005873 with a 24-hour trading volume of $135.50 million and a market capitalization of $3.47 billion. The Shiba Inu price has fallen by 5.67% over the last 24 hours, reflecting continued short-term selling pressure across the market.

SHIB price chart

Source: CoinMarketCap

Also Read | Aptos (APT) Price Forecast: KRW1 Integration Boosts Bullish Case Toward $1.24

SHIB Price Nears Breakout Zone Setup

Despite its recent weakness, a crypto analyst, Butterfly, observed on May 16, 2026, that the Shiba Inu price remains within the confines of a descending wedge formation in the three-day chart. The descending wedge pattern usually signals a potential turnaround if the price breaks the upper trendline.

SHIB Price Nears Breakout Zone Setup

Source: Butterfly’s X Post

According to Butterfly, the trend is currently valid, and the price action of the Shiba Inu has displayed the potential for slow accumulation as the buyers are trying to take control back. With a confirmed breakout, the SHIB price can rise towards resistance levels.

Shiba Inu Price Shows Weak Momentum in Indicators

From technical indicators, it is evident that there is downward pressure on the price of the Shiba Inu. The value of the RSI (14) has moved to 39.13, which is lower than the value of the signal line of 55.34.

The decrease indicates that the strength of buying power is weakening, and the price of Shiba Inu is approaching the oversold zone. The SHIB price continues to float around $0.00001, while the moving average ribbon is flat.

SHIB price analysis

Source: TradingView

Bearish signals from the short-term momentum oscillators further support the weak price action in Shiba Inu’s price. Specifically, we have a bearish crossover where the MACD line crosses below the MACD signal line, with the histogram showing bearish bars. If this pattern persists, it could mean that the Shiba Inu price may not easily clear its resistance zones.

Overall, the SHIB price remains at a critical point where there is a bullish wedge formation on the long term, while short-term factors favor buyers unless there is a shift in momentum.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read |Dogecoin Price Could Rebound Toward $0.15 if Buyers Regain Momentum

Filed Under: Cryptocurrency News, Altcoin News

FARTCOIN Price Analysis: Failed Breakout And Weak Support Raise Downside Risks

By Usman Zafar | Edited By Messam Raza,May 16, 2026, 11:59 PM

FARTCOIN shows a failed breakout and has fallen back into its previous range, signaling weak bullish momentum and uncertainty. Technical indicators remain bearish, with the FARTCOIN price below key moving averages and MACD confirming downside pressure. Derivatives activity also weakened, reflecting reduced participation and lower trader commitment. According to CoinMarketCap, FARTCOIN is trading at $0.1937 with a daily decline of 1.74%.

FARTCOIN PRICE CHART

Source: CoinMarketCap

FARTCOIN Derivative Data Point to Bearish Pressure

According to Coinglass, the FARTCOIN open interest decreased by 5.17%, settling at $142.76 million, indicating a modest reduction in outstanding derivatives contracts and slightly lower trader commitment, reflecting reduced positioning activity and softer market participation.

FARTCOIN Derivative Data Point to Bearish Pressure

Source: Coinglass

Trading volume fell by 39.92%, reaching $151.30 million, signaling reduced market activity and weaker transaction flow compared to the previous period, with declining participation and softer momentum across the derivatives market.

Also Read: FARTCOIN Falling Wedge Pattern Signals Potential Breakout Toward $1.2

FARTCOIN Price Update: Failed Breakout Raises Uncertainty

Furthermore, the crypto analyst Scient pointed out that The FARTCOIN price has attracted a lot of attention as it attempts to retrace an important diagonal trendline on the 1D time frame. 

This formation implies that there could be a potential bearish reversal for the FARTCOIN price, but the absence of a critical triggering factor makes trading decisions tricky in the long term.

FARTCOIN Price Update: Failed Breakout Raises Uncertainty

Source: Scient’s X Post

In the 4H timeframe, the FARTCOIN price action has returned to its previous range following a failed breakout attempt, exhibiting weak follow-through from bulls. 

In order for a bullish pattern to be formed, a reversal bounce from trend support should occur, along with a shift in range resistance levels to support.

Technical Indicators Point to Strong Downward Pressure

According to TradingView, FARTCOIN made a quick turnaround following its May high of $0.2686. The FARTCOIN price has fallen below its 20-day moving average of $0.2217 and has lost 3.19%, closing at $0.1941. It appears that the FARTCOIN price is making an attempt to test the lower Bollinger Band support level

Technical Indicators Point to Strong Downward Pressure

Source: TradingView

The technical signals clearly confirm the existence of the ongoing downtrend in the market. This is evident from the bearish MACD cross, where the MACD indicator has moved decisively below its signal line. 

Furthermore, the MACD histogram has changed to red, meaning that the sellers have gained dominance over the buyers.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Fartcoin Consolidates as Market Awaits Breakout Signal Confirmation

Filed Under: Cryptocurrency News

Aptos Price Prediction: APT Liquidity Sweep Suggests Potential Rally Toward $1.24

By Usman Zafar | Edited By Ammar Raza,May 16, 2026, 11:53 PM

Aptos (APT) shows a potential bullish reversal after sweeping sell-side liquidity and stabilizing at a key higher-timeframe support zone. Buyers may be absorbing pressure, suggesting possible upward continuation for the Aptos price if demand holds. However, momentum indicators remain weak, and short-term selling pressure is still present. According to CoinMarketCap, APT is trading at $0.9550 with a daily decline of 3.67%.

Aptos price chart

Source: CoinMarketCap

Also Read: Aptos Adds KRW1 Stablecoin Through BDACS Partnership

Aptos Price Setup Signals Potential Bullish Reversal

Furthermore, the crypto analyst Crypto Patel pointed out that the Aptos price is showing a potential bullish shift after sweeping sell-side liquidity and reacting from a higher-timeframe daily order block. 

This move suggests a possible market reset where downside liquidity was cleared before buyers stepped in. The structure now hints at demand absorption, with price stabilizing inside a key HTF support zone.

The technical outlook remains constructive as liquidity below has been largely taken, while upside buy-side liquidity remains unfilled above the current price. 

If the demand zone holds, APT could continue building momentum toward higher resistance areas. Market structure on the higher timeframe still favors continuation, provided buyers maintain control within the order block.

Aptos Price Setup Signals Potential Bullish Reversal

Source: Crypto Patel’s X Post

Potential targets for the Aptos price can be seen at $1.12 and $1.239, with liquidity being expected here. However, a close below $0.840 on a daily basis will negate any bullish scenario due to a breakdown in the demand pattern. Players are still waiting for confirmation to go long toward higher liquidity outside the range.

Technical Indicators Point to Cautious Optimism

According to TradingView, the APT price exhibits an unusually volatile pattern. From its initial low of about $0.79, it rose to hit a high range, then pulled back to form a double bottom. 

The impressive rise in May helped the Aptos price to approach $1.20, but the immediate and successive daily retracement of prices saw it decline to $0.9542.

Aptos Technical Indicators Point to Cautious Optimism

Source: TradingView

In addition to the decline in the Aptos price, there are fast changes taking place on the indicators with a rapid reduction in the bullish strength. 

The RSI is falling sharply to 42.71 from above the moving average. The MACD line has also crossed below the signal line, thus generating the red histogram indicating selling strength.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Aptos (APT) Price Forecast: KRW1 Integration Boosts Bullish Case Toward $1.24

Filed Under: Cryptocurrency News

Uniswap Eyes Breakout: Can UNI Price Break $25 After Strong Support Defense?

By Sadia Ali | Edited By Ammar Raza,May 16, 2026, 11:30 PM

Uniswap is consolidating in a descending triangle with strong support defense but lower highs compressing price action. Technical indicators show weakening momentum as the UNI price holds the 20-day MA after a pullback and MACD flattens. Derivatives data also indicates reduced participation and cautious sentiment. According to CoinMarketCap, UNI is trading at $3.46 with a daily decline of 5.91%.

UNI Price chart

Source: CoinMarketCap

UNI Derivative Data Point to Cautious Optimism

According to Coinglass, the UNI open interest decreased by 6.81%, reaching $190.66 million, indicating reduced trader exposure in active contracts. This decline suggests lower market commitment, possible position unwinding, and weakening confidence in short-term direction across derivatives markets.

UNI Derivative Data Point to Cautious Optimism

Source: Coinglass

Trading volume fell by 1.90%, totaling $201.79 million, reflecting reduced market activity and participation. This slowdown suggests weaker momentum, lower transaction frequency, and cautious trading behavior among participants, potentially indicating short-term consolidation or reduced volatility in the market.

Also Read: Uniswap (UNI) Price Eyes $6 Rally After Trendline Resistance Breakout

UNI Price Setup Points to a Breakout Toward $25

Furthermore, the crypto analyst Butterfly highlighted that the UNI price is contained in a declining triangle on a two-week chart with a very important horizontal area of support, which the bulls continuously defend. 

The retracement of price to the support level sees very strong buy pressure, which consumes the sell-off pressure, despite lower highs being formed and the narrowing range

UNI Price Setup Points to a Breakout Toward $25

Source: Butterfly’s X Post

In the event that support stands firm and the UNI price bounces off, momentum may change direction quickly as shorts take profits and buyers start trading in the market. 

A breach of the descending trendline will lead to an impressive growth period, setting the stage for further resistance levels. With this bullish scenario, the UNI price will move towards $25 if strength continues.

Technical Indicators Point to Cautious Optimism

According to TradingView, the UNI price has spent a long time in consolidation, stuck between $3.05 and $4.30 following a dramatic fall early in the year. 

An outburst of hope in May saw prices rise close to the top Bollinger Band, but the UNI price retreated to $3.46820. The UNI price currently finds itself struggling to hold onto the crucial 20-day moving average level of $3.48499.

UNI Technical Indicators Point to Cautious Optimism

Source: TradingView

Additionally, the MACD indicator also reflects this shift in momentum. Following a gradual uptrend from its low in February, the MACD line turned positive in May with increasing histogram bars. 

However, the blue MACD line now seems to be stabilizing and turning towards the orange line, indicating a waning demand for the UNI.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Uniswap Rally Strengthens: Can UNI Price Surge to $50 Amid DeFi Revival?

Filed Under: Cryptocurrency News, Altcoin News

SAND Price Forecast: Break Above Resistance Could Trigger Move to $0.65

By Sadia Ali | Edited By Ammar Raza,May 16, 2026, 11:00 PM

SAND is consolidating near key support with fading selling pressure and possible accumulation, while a breakout could lead to recovery or further downside if support fails. The SAND price remains in a consolidation phase with weakening momentum.

Derivatives data also shows a mixed outlook with increasing volume and decreasing open interest. According to CoinMarketCap, SAND is trading at $0.07177 with a daily decline of 6.78%.

SAND price chart

Source: CoinMarketCap

SAND Derivative Data Point to Mixed Outlook

According to Coinglass, the SAND open interest declined by 12.25%, falling to $25.39 million, indicating reduced futures positioning among traders and weaker market commitment, possibly due to profit-taking, liquidation, or uncertainty in trend direction, which may lead to higher volatility or short-term consolidation in coming sessions.

SAND Derivative Data Point to Mixed Outlook

Source: Coinglass

However, trading volume increased by 10.34%, reaching $32.42 million, indicating stronger market participation and rising activity among traders, suggesting renewed interest and improved liquidity, potentially driven by recent price movements or short-term speculative opportunities in the market.

Also Read: The Sandbox (SAND) Falling Wedge Signals Potential Breakout to $2.65

SAND Price Consolidation Points to $0.65 Breakout

Furthermore, the crypto analyst Butterfly revealed that the SAND price is currently trading near the bottom end of its weekly bearish trend, which has been a region where prices have proven resilient against declines in the past. 

This range can be considered an important level of support, indicating that accumulation activity may be taking place. Momentum is increasing alongside a waning in selling pressure.

SAND Price Consolidation Points to $0.65 Breakout

Source: Butterfly’s X Post

If this level is able to hold its ground, there is a good chance that the SAND price can make a comeback with the target being the mid-channel resistance level while the bulls eye the $0.65 region. 

Breaking out to the upside will be key for making another attempt at building up some more strength; otherwise, this is likely to result in even lower levels for the SAND price.

Technical Indicators Point to Dominant Bearish Pressure

According to TradingView, the SAND price is experiencing an evident downtrend trend, currently trading around $0.07185 while trading under all moving averages (MAs), including its 20-day EMA, 50-day EMA, 100-day EMA, and 200-day EMA. 

The recent daily drop in the SAND price by -3.63% further weakens the previous rally to hit an important resistance line.

Technical Indicators Point to Dominant Bearish Pressure

Source: TradingView

Technicals suggest that there is growing pressure from the bears. The 14-day relative strength index (RSI) has tumbled significantly to 40.69 and is now trading below its signal line of 50.24, falling below zero levels. 

This indicates that the sellers have the upper hand in the absence of an oversold market, which can lead to a further decline towards the $0.05900 mark.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: The Sandbox (SAND) Accumulation Could Drive The Price Toward $0.085

Filed Under: Cryptocurrency News

ZEN Price Forecast: Bullish Flag Pattern Points to a Strong Rally Toward $19

By Usman Zafar | Edited By Ammar Raza,May 16, 2026, 10:59 PM

Horizen (ZEN) faced strong selling pressure after failing to sustain its bullish breakout structure, with momentum indicators turning bearish and signaling weakening strength for the ZEN price. Derivative activity also softened as both open interest and trading volume declined, reflecting cautious sentiment and reduced participation from traders. According to CoinMarketCap, ZEN is trading at $5.92 with a daily decline of 4.15%.

ZEN price chart

Source: CoinMarketCap

ZEN Derivative Data Point to Descreasing Strength

According to Coinglass, the ZEN open interest declined by 8.35%, reaching $27.89 million. This decrease suggests that traders are closing existing positions rather than creating new ones, indicating reduced market participation, cautious sentiment, or short-term uncertainty among investors.

ZEN Derivative Data Point to Descreasing Strength

Source: Coinglass

Trading volume also dropped by 19.97%, bringing the total volume to $29.59 million. The decline in trading activity reflects weaker momentum and lower investor engagement, which may signal a temporary slowdown in market confidence and reduced buying or selling pressure.

Also Read: Horizen (ZEN) Holds Key Support: Is a Breakout Toward $10-$14 on the Horizon?

ZEN Price Eyes Breakout Amid Bullish Flag Pattern

Furthermore, the crypto analyst Jonathan Carter revealed that the ZEN price is forming the outline of an impressive turnaround, forming a traditional flag on the daily timeframe. 

Following an explosive move, it took a moment to consolidate before making another push higher. This move is seen by some analysts as a much-needed breather. A move above the flag may lead to a continued upsurge.

ZEN Price Eyes Breakout Amid Bullish Flag Pattern

Source: Jonathan Carter’s X Post

If the bulls are successful in propelling the ZEN price above the upper trend line, the coin may be ready to embark on a new cycle of growth with strong upside. 

Several important levels have been identified by technical analysts, including $8.40, $10.70, $14.00, and possibly even $19.00. A positive sentiment wave spreading throughout the entire crypto space is boosting the chances of success.

Technical Indicators Point to Decreasing Strength

According to TradingView, the ZEN price has made a strong bearish rejection after failing to break above the 200-day EMA at $7.44. 

A drop of 4.63% has pushed the ZEN price to $5.91, crossing below the 20-day EMA and the 100-day EMA. The strong decline will make the bears regain control of the market for the short term.

Technical Indicators Point to Decreasing Strength

Source: TradingView

The last candlestick confirms this momentum reversal because the 14-day RSI has fallen sharply to 39.68. Crossing decisively below the yellow moving average and also below the neutral level at 50, the indicator reveals increasing selling pressure. 

If this bearish trend persists, the ZEN price is expected to revisit the previous support levels between $5.50 and $5.20.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: ZEN Price Outlook: Can Bulls Push Horizen Toward $8.18?

Filed Under: Cryptocurrency News

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