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    AAVE Price Prediction: $82 Support Test Before July Rally to $110

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    AAVE Price Prediction: Support Test Before July Rally to 0


    Alvin Lang
    May 16, 2026 08:43

    AAVE’s breakdown below $95 resistance targets $82 support within 10 days, with technical indicators suggesting 65% probability of reaching $76-80 range. Whale accumulation patterns indicate potenti…

    Market Context: Why AAVE is Moving Now

    AAVE’s 7.34% daily decline reflects a decisive break below the 20-day moving average at $95, confirming a broader DeFi rotation pattern. With the current price at $89.51 sitting well below the 200-day moving average at $139.66, we’re witnessing a textbook institutional shakeout.

    The negative funding rate of -0.0103% reveals shorts are paying longs to maintain positions, which historically signals capitulation phases rather than sustained bearish momentum. This dynamic creates the volatility environment where significant price reversals typically emerge.

    Technical Breakdown Analysis

    RSI at 40.34 shows oversold conditions developing without reaching panic territory yet. The MACD histogram sitting at zero indicates momentum has stalled rather than accelerated downward, suggesting current selling pressure stems from weak hands rather than institutional conviction.

    AAVE’s position at 0.06 on the Bollinger Bands scale places it near the lower band at $88.76, with immediate support at $86.09 looking increasingly vulnerable. The daily ATR of $4.90 indicates potential for $5+ moves in either direction, making the $82.67 strong support level a realistic target within 48-72 hours. Blockchain.news analysis shows similar breakdown patterns typically resolve with 15-20% bounces once key support levels hold firm.

    Positioning and Market Structure

    Smart money positioning tells a compelling story. Top traders maintain a 1.68 long/short ratio with 62.7% positioned long, while retail traders show only 55.9% long exposure. This divergence suggests institutional accumulation during retail panic selling.

    Open interest increased 2.29% to $48.7 million despite the price collapse, indicating fresh positions entering rather than existing longs capitulating. The aggressive selling shown by the 0.8084 taker buy/sell ratio provides exactly the liquidity whales need to build substantial positions without significant market impact.

    Strategic Outlook

    The bull scenario activates if $82-84 support holds with a daily close above $92. This setup targets a rapid move to test $100.17 resistance, potentially reaching $110-115 within 3-4 weeks as overleveraged shorts face squeeze pressure. The 44.1% retail short positioning provides ideal fuel for this reversal scenario.

    The bear case requires a decisive break below $82.67, opening the path to test the $76-80 psychological zone. Current momentum and Blockchain.news tracking of similar DeFi patterns suggests this scenario carries roughly 65% probability over the next 10 days. However, any bounce from those levels should be viewed as a major accumulation opportunity rather than temporary relief.

    AAVE is positioning for a 25-30% directional move in the coming weeks, with the outcome hinging on whether institutional buyers can defend the $82-84 zone or retail panic drives the token into the $70s first.

    Blockchain.news Crypto Market

    Image source: Shutterstock


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    Spot Bitcoin ETFs Lose $1B in a Week, Ending Six-Week Inflow Streak

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    Spot Bitcoin ETFs Lose B in a Week, Ending Six-Week Inflow Streak

    Spot Bitcoin exchange-traded funds (ETFs) recorded $1 billion in weekly net outflows, ending a six-week inflow streak that had drawn a combined $3.4 billion.

    The week started on a cautiously optimistic note, with Monday posting modest inflows of $27.29 million, according to data from SoSoValue. The tide turned sharply on Tuesday, when investors pulled $233.25 million from the funds. Selling pressure intensified on Wednesday, the worst single day of the week, with outflows reaching $635.23 million.

    A brief reprieve came on Thursday, as inflows of $131.31 million offered a momentary reversal. However, Friday erased that recovery as well, when a further $290.42 million exited the products, sealing the week in the red at exactly $1 billion in net outflows.

    Spot Bitcoin ETFs see weekly outflows. Source: SoSoValue

    The weekly loss marks a reversal from the previous six weeks, during which spot Bitcoin ETFs attracted consistent net inflows, with the week of April 17 standing out as the strongest, pulling in $996.38 million. This week’s selling leaves total net assets sitting at $104.29 billion, with cumulative net inflows across all products at $58.34 billion.

    Related: Bitcoin ETFs Post Largest Outflows Since January as BTC Slips

    Capital rotates toward AI, crypto

    In a recent note, analysts at Bitunix said capital is “aggressively” rotating toward both the “AI growth narrative” and the institutionalization of crypto assets. NVIDIA, Google and Apple pushed toward fresh all-time highs last week, while AI chipmaker Cerebras surged more than 70% intraday on its IPO debut.

    On the crypto front, the CLARITY Act, widely seen as one of the most consequential crypto market structure bills in the US, cleared the Senate Banking Committee. Coinbase shares rallied sharply subsequently as markets priced in the development, and Bitcoin climbed back toward the $82,000 mark.

    However, Bitcoin’s price structure points to a market on edge, Bitunix said. They noted that heavy short liquidity sits clustered between $82,400 and $82,600, with $80,000 serving as the key support level to watch. “Current price action suggests the market has clearly entered a high-leverage volatility structure, as capital waits for further direction from the three dominant macro themes: AI expansion, U.S.-China relations, and crypto regulation,” they wrote.

    Related: JPMorgan Boosts Bitcoin ETF Holdings in Q1 2026 Filing

    Spot Ether ETFs see consistent outflows

    Meanwhile, spot Ether ETFs recorded outflows across all five trading days last week. Tuesday was the worst session, with $130.62 million exiting the products, followed by $65.65 million on Friday, $36.30 million on Wednesday, $16.89 million on Monday, and a relatively muted $5.65 million on Thursday.

    Combined, the five-day streak wiped $254.46 million from the funds, pulling total net assets down to $12.93 billion by week’s end.

    Magazine: Guide to the top and emerging global crypto hubs — Mid-2026

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    Bitcoin Hits $79K as CLARITY Act Fuels Market Optimism

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    Bitcoin Hits K as CLARITY Act Fuels Market Optimism


    Terrill Dicki
    May 16, 2026 02:07

    The US CLARITY Act advances in the Senate, sparking bullish sentiment for Bitcoin (BTC), now trading above $79,000. Analysts weigh in on the implications.

    Bitcoin (BTC) surged past $79,000 this week as optimism around the Digital Asset Market CLARITY Act triggered a wave of bullish sentiment across the crypto industry. The bill, which aims to establish a clear regulatory framework for digital assets in the United States, advanced out of the Senate Banking Committee on May 14 with a 15–9 bipartisan vote.

    According to data from CoinMarketCap, Bitcoin is trading at $79,135 as of May 16, reflecting a 3.15% increase since the start of the month. However, 24-hour performance showed a slight pullback of 2.40%, signaling potential consolidation after its recent rally. The current market cap stands at an impressive $1.56 trillion.

    Why the CLARITY Act Matters

    The CLARITY Act, first introduced in July 2025, is designed to resolve long-standing jurisdictional disputes between the SEC and CFTC over cryptocurrency regulation. Key provisions include formally classifying Bitcoin as a commodity, protecting self-custody rights, and providing a registration framework for exchanges and brokers. Analysts believe these measures could unlock significant institutional interest by reducing legal uncertainty for banks and asset managers.

    Crypto sentiment platform Santiment noted a “major spike of euphoria” on social media following the committee vote, with 1.55 bullish comments on Bitcoin for every bearish one. While the platform acknowledged the long-term bullish implications of the legislation, it issued a word of caution. “Markets typically move opposite to the crowd’s expectations at all times,” Santiment warned in a recent post on X (formerly Twitter).

    Mixed Signals from Analysts

    Despite Santiment’s warning, many analysts remain optimistic about Bitcoin’s trajectory. Michael van de Poppe, founder of MN Trading Capital, called the legislation “the biggest, and historical, bill for the entire industry” and suggested it could serve as a catalyst for the next major bull market.

    However, White House crypto advisor Patrick Witt tempered expectations, reminding market participants that the bill’s passage is not yet guaranteed. “There’s more work to be done before this legislation is ready for prime time,” Witt said, emphasizing the need for broader bipartisan support before the bill reaches the Senate floor.

    What’s Next for Bitcoin?

    The CLARITY Act’s potential passage could redefine the regulatory landscape for U.S. crypto markets, particularly for Bitcoin. By codifying Bitcoin’s status as a non-security and providing a clear compliance framework, the bill could pave the way for increased institutional adoption, including custody services and lending by traditional financial institutions.

    That said, traders should remain vigilant. Santiment highlighted that major cryptocurrencies could see “buy-the-rumor, sell-the-news” behavior, with current price levels already “baked in” ahead of any final vote. Additionally, the Crypto Fear & Greed Index posted a score of 31 on May 16, signaling “Fear,” as broader market participants adopt a cautious stance.

    With the U.S. midterm elections set for November 3, 2026, the timeline for the CLARITY Act’s final passage remains uncertain. For now, Bitcoin traders must weigh near-term sentiment against the potential for long-term structural change in the industry.

    Image source: Shutterstock


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    CLARITY Act Faces Partisan Fight Over Ethics on Senate floor

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    CLARITY Act Faces Partisan Fight Over Ethics on Senate floor

    The US Senate Banking Committee passed the crypto framework CLARITY Act yesterday.

    Now, the bill, for which the crypto industry has heavily lobbied since it was introduced in 2025, will head to the Senate floor for a broader debate. 

    As Cointelegraph reported, over 100 amendments were proposed while lawmakers hashed out the exact language of the bill. These covered a wide range of issues, including ethics, AI sandboxes and stablecoin yields.

    But many of these fell apart. While two Democrats joined with their Republican colleagues, the vote was mainly along party lines. 

    The chances for the bill to pass look good, with nearly all Republicans and some Democrats supporting, but increasing partisan gridlock ahead of the elections could still delay passage. 

    CLARITY gets out of committee on party lines

    After yesterday’s session, Senator and committee chairman Tim Scott announced “a successful bipartisan markup” in advance of the bill proceeding to the Senate floor.

    Scott speaks at the markup session. Source: US Senate

    “After nearly a year of good-faith bipartisan negotiations, Senate Banking Committee Republicans and Democrats came together today,” he said.

    While the tone of Scott’s announcement leaned on supposed bipartisanship, the actual vote was mostly split along party lines. All 13 Republican members of the committee voted to advance the bill. All but two Democrats voted against, save for Senators Ruben Gallego and Angela Alsobrooks.

    Contrary to Scott’s message of bipartisanship, Senator Jack Reed stated that Republicans arbitrarily dismissed Democrats’ concerns about the bill, which ranged from how crypto could enable crime to the president’s use of crypto projects for personal enrichment. 

    Indeed, the minority released a brief after the vote, outlining its concerns. They stated that the current version, as passed by the majority, fails to adopt global anti-money laundering standards, exempts DeFi protocols from financial standards and doesn’t close loopholes for crypto mixer services. 

    Related: Who supports CLARITY on the US Senate Banking Committee?

    While there are clearly some pro-crypto Democrats in Congress, whether the bill can progress depends on them crossing the aisle to vote against their own party. 

    Currently, the Republicans hold a 53-seat majority in the 100-seat Senate. To pass CLARITY, they’ll need 60 votes, so at least seven Democrats willing to vote with them. 

    Republicans (red) hold a 53-seat majority in the Senate.

    At the Wyoming Blockchain Summit last year, Scott said that there were 12 Democrats open to the market structure bill, giving Republicans and the crypto lobby what they need to cross the line.

    But that may not ring as true now as it did then. The Congressional Progressive Caucus announced opposition to any bill which could “allow the President and his family to enrich themselves, engage in corruption, and sell access to the White House through cryptocurrency.” Notably, CLARITY’s current draft does not contain any such provisions. 

    Progressive groups have called on lawmakers to address these concerns. A group of organizations including Americans for Financial Reform, Demand Progress Action, Indivisible and Public Citizen wrote a letter on May 8.

    “A bill without strong ethics provisions elevates the dangers of cheating consumers and investors, distorting and destabilizing financial markets, hindering competition, eroding longstanding investor protection laws, and making a mockery of regulatory enforcement,” they said.

    Ryan Cooper, a senior editor at progressive politics publication The American Prospect, even suggested that Democrats who voted with the crypto industry ought to be primaried. “Allowing yourself to be bought by the crypto lobby is unforgivable,” he wrote. 

    Ethics could represent a politically volatile and important sticking point as the bill is debated on the Senate floor. 

    Industry still optimistic 

    Despite the largely partisan vote and the lingering ethics concerns, the crypto industry was largely optimsitc about the May 14 markup session. 

    Javier Martinez, CEO and former chief legal officer at crypto trading platform sFOX, said the vote represented a “major step toward resolving crypto’s regulatory identity crisis in the United States.”

    Congress is “moving toward replacing regulatory ambiguity with a more defined legal framework. And markets respond to clarity,” he told Cointelegraph.

    Ji Hun Kim of the Crypto Council for Innovation said the vote will make the US more competitive in the digital asset space. CLARITY will “ensure that our country leads when it comes to digital assets policy and innovation,” he said. 

    Blockchain investors and Blockstreet chief operating officer Kyle Chasse said, “This is the biggest regulatory moment in crypto since spot ETFs.”

    Notably, the bill was held up for months as the banking and crypto lobbies argued over whether stablecoins could bear yields. Banks claimed this could lead to a critical flight of deposits, endangering financial stability, while crypto accused banks of stifling competition.

    The version that passed markup last night sided with the banks, but would still allow crypto platforms to offer other activity-based rewards.

    Even then, pseudonymous crypto trader 10 Delta said, “The yield ‘ban’ is cosmetic & simply something for banks to tout as a victory.” 

    “It bans stablecoins from paying you interest for just holding them: the way a savings account does. But it explicitly allows stablecoins to pay you rewards for using them: buying things, lending, providing liquidity, participating in any program.”

    Ultimately, the focus is still on the market. Alexander Lorenzo, founder and chief investment officer of CoinPicks Capital, said, “The last crypto bill to clear this exact process was the GENIUS Act in July 2025. Bitcoin hit an all-time high of $123,000 within weeks.”

    “CLARITY is bigger. It covers the entire crypto market, not just stablecoins.”

    Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles

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    Bitcoin Battles US Bond Nerves With BTC Price Dip Toward New May Lows

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    Bitcoin Battles US Bond Nerves With BTC Price Dip Toward New May Lows

    Bitcoin (BTC) fell below $80,000 at Friday’s Wall Street open as analysis tied risk-asset weakness to US bond markets.

    Key points:

    • Bitcoin eyes its lowest levels of May as concerns over US bond yields spark a risk-asset rout.
    • US 10-year treasury yields rise above levels that sparked a US tariff pause on China last year.
    • Traders wait for new local lows for BTC/USD as support stability is eroded.

    Bitcoin suffers as risk-asset “euphoria” turns sour

    Data from TradingView tracked 3% daily BTC price losses, with downside intensifying as the US session began. BTC/USD approached its lowest levels in May so far.

    BTC/USD one-hour chart. Source: Cointelegraph/TradingView

    Stocks also gave back gains after hitting new all-time highs earlier in the week.

    S&P 500 one-hour chart. Source: Cointelegraph/TradingView

    Reacting, trading resource The Kobeissi Letter saw risk-asset “euphoria” giving way to concerns about “unsustainable” US bond yields.

    “The bond market crisis is intensifying. The US 10Y Note Yield is now officially above 4.55% for the first time since May 2025,” it wrote in a post on X.

    “After weeks of euphoria, the market is beginning to react today. As we have been stating for the last few weeks, the current situation in the bond market is unsustainable.”

    US 10-year treasury note yield one-day chart. Source: Cointelegraph/TradingView

    Kobeissi noted that yields were now above levels seen in April 2025, when US President Donald Trump halted the implementation of trade tariffs on China. That move, it said, came due to “a collapsing bond market.”

    “Furthermore, the market now sees a 60%+ chance that the Fed’s next move is an interest rate HIKE, with rate cuts entirely priced-out,” the post added. 

    “We expect to see 7%+ mortgages next, all as auto loan delinquencies have reached 32-year highs. Inflation is back and higher rates are coming.”

    Fed target rate probabilities (screenshot). Source: CME Group

    The latest data from CME Group’s FedWatch Tool showed a 0.25% interest-rate hike as the most likely outcome by March 2027.

    BTC price lows back on the radar

    As Cointelegraph reported, traders were already unsure about Bitcoin’s ability to climb beyond $82,000 local highs.

    Related: Bitcoin price history suggests 77% odds of new all-time high within a year

    A support retest was already on the cards, and targets on the day extended toward the mid-$70,000 zone.

    “Honestly, not a good sign that $BTC fully retraced the move from yesterday,” trader Pat told X followers.

    BTC/USD comparison. Source: Pat/X

    Rangebound continuation was an increasingly popular option, with analyst Eric Coleman suggesting that low-time frame price action was predictable.

    “BTC pumped from the marked horizontal support just as expected and again it got rejected below the trendline and the horizontal resistance,” he wrote alongside an explanatory chart. 

    “Further movement in between the horizontal support and resistance is expected until a solid breakout or breakdown occurs.”

    BTC/USDT four-hour chart. Source: Eric Coleman/X

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    AAVE Price Prediction: Bulls Eye $115 as $103 Resistance Sets Stage for 20% Breakout

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    AAVE Price Prediction: Support Test Before July Rally to 0


    Alvin Lang
    May 15, 2026 09:14

    AAVE consolidates at $96.40 as whales accumulate while retail sells aggressively. Breaking $103.29 resistance unlocks a direct path to $115, though failure risks a drop to $89 support.

    The Immediate Setup

    AAVE trades at $96.40, locked in a tight consolidation that’s building pressure for the next major move. The token holds above its 20-day SMA at $95.50 but remains below the 7-day average at $98.14, creating a neutral technical stance. The RSI sits at 49.64 with the MACD histogram at zero, confirming the market’s indecision as both buyers and sellers wait for a catalyst.

    Daily trading has compressed into a $95.75 to $101.24 range, with volume at $17.5 million showing sustained institutional interest despite the sideways action. The negative funding rate of -0.0116% indicates shorts are getting paid, creating an underlying bearish bias in derivatives markets that contrasts sharply with spot price stability.

    Key Levels Exposed

    AAVE sits at 58% through its Bollinger Bands, positioned perfectly for a breakout in either direction. Immediate resistance emerges at $99.84, but the real battle zone lies at $103.29 where previous rallies have consistently stalled. Blockchain.news analysis reveals this level has absorbed significant selling pressure, making it the gateway for any sustained upward movement.

    Support structure appears solid with the first layer at $94.35 aligning with the 20-day SMA. Below that, strong support at $92.31 provides additional protection before the lower Bollinger Band at $89.88 comes into play. The 200-day SMA at $140.37 serves as a reminder of how far AAVE has retreated from previous highs, creating substantial overhead resistance for longer-term recovery.

    Sentiment Divide Creates Opportunity

    Market positioning reveals a stark contrast between smart money and retail behavior. Top traders maintain a bullish 2.38 long/short ratio with 70.4% positioned long, yet the taker buy/sell ratio shows aggressive retail selling at 0.76. This divergence often signals opportunity as institutional money accumulates while weaker hands exit.

    Open interest has climbed 3.19% to over 483,000 contracts, indicating growing institutional engagement despite flat price action. Blockchain.news tracking shows the negative funding rate actually benefits long positions, essentially paying holders while whales continue building positions. This setup typically resolves in favor of the smart money positioning.

    Trade Framework

    The technical setup favors a breakout approach with defined risk parameters. Bulls should consider entries between $95.50-$96.50, using the 20-day SMA as support with stops below $92.00 to limit downside to roughly 4-5%.

    The upside path targets $103.29 resistance first for a 7% gain, but breaking through opens the door to the upper Bollinger Band near $115 for 20% upside potential. Conservative traders should book partial profits at the first resistance while letting winners run with trailing stops.

    Bears can position for rejection at $99.84 with stops above $104, targeting the $89.88 lower band. However, whale positioning and technical compression suggest the breakout direction will likely favor bulls once this consolidation phase concludes.

    Blockchain.news Crypto Market

    Image source: Shutterstock


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    Kraken Switches from LayerZero to Chainlink after Kelp DAO Hack

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    Kraken Switches from LayerZero to Chainlink after Kelp DAO Hack

    Crypto exchange Kraken announced Thursday that it had changed its cross-chain provider from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, joining a number of protocols that have made the move following the Kelp DAO exploit in April.

    Kraken said it is deprecating its existing cross-chain provider and migrating to Chainlink CCIP as its exclusive cross-chain infrastructure to secure Kraken Wrapped Bitcoin (kBTC) and all future wrapped tokens.

    The company added that it chose Chainlink CCIP because it “offers enterprise-grade infrastructure with strict security and risk management requirements.” These include certifications, secure-by-default design, 16 independent nodes and native rate limits.

    LayerZero has been under scrutiny since the Kelp DAO exploit in April, in which about $292 million in liquid restaking tokens were stolen by actors suspected to be linked to North Korea’s Lazarus Group.

    LayerZero issued an “overdue apology” on May 9, saying that it had done a “terrible job on comms over the past three weeks.”

    It admitted that its internal RPCs (remote procedure calls) were attacked and had their “source of truth poisoned” while its external RPC providers were simultaneously hit with a denial of service attack, but blamed Kelp’s configuration as a direct consequence of their single-DVN (Decentralized Verifier Network) setup.

    LayerZero confirmed that no other application had been affected, and more than $9 billion in bridged assets have been moved using the protocol since April 19.

    Other protocols migrate away from LayerZero

    Kraken is not alone in making the switch. Kelp DAO stated that it is also in the process of migrating to Chainlink’s CCIP, and that it had burned the hacker’s 117,132 rsETH as part of the recovery process this week. 

    Related: Kelp DAO eyes reopening withdrawals after rsETH burn

    Solv Protocol announced on May 7 that it was migrating from LayerZero to CCIP as its official cross-chain infrastructure for $700 million in tokenized Bitcoin.

    Meanwhile, onchain reinsurance protocol Re announced on May 8 that it was migrating its $475 million in total value locked from LayerZero to the Chainlink protocol. 

    More than $3 billion in TVL has been migrated to CCIP since the Kelp hack, while numerous protocols have suspended bridging using LayerZero, according to MEXC.

    The world’s largest Ethereum liquid staking protocol, Lido, also uses CCIP. “Chainlink’s defense-in-depth model acts as the definitive standard for cross-chain interoperability,” it explained in a blog post on Thursday. 

    CCIP and LayerZero comparison. Source: Lido 

    No reaction in token prices

    There was no reaction in prices for Chainlink’s native token, LINK, which remains at a bear market low of around $10, down 80% from its 2021 peak. 

    However, LayerZero’s native token ZRO has declined over 30% since the April hack and is down more than 80% from its 2024 all-time high, according to CoinGecko. 

    Cointelegraph reached out to LayerZero for comment but did not receive an immediate response. 

    Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles

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    Bitcoin Can Still Hit $85,000 as Stocks Head to New All-Time Highs

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    Bitcoin Can Still Hit ,000 as Stocks Head to New All-Time Highs

    Bitcoin (BTC) touched $80,000 around Thursday’s Wall Street open as US stocks hit fresh all-time highs and oil retested $100.

    Key points:

    • Bitcoin rebounded to $80,000 while US stock markets hit new records, ignoring high inflation.
    • Risk appetite is “skyrocketing,” analysis says, despite worries over central-bank policy tightening.
    • Bitcoin can still head to $85,000 next, traders agree.

    Bitcoin recoups losses as US stocks ignore inflation

    Data from TradingView showed BTC/USD recovering much of the previous day’s losses, which followed some of the highest US inflation data in four years. 

    BTC/USD one-hour chart. Source: Cointelegraph/TradingView

    US stocks quickly shook off the numbers, despite the implications for future financial policy tightening. 

    The S&P 500 posted its highest daily close on record, and continued to surge on Thursday. The Dow Jones Industrial Average revisited 50,000 points for the first time since early February.

    S&P 500 versus Dow Jones one-day chart. Source: Cointelegraph/TradingView

    Commenting, trading resource The Kobeissi Letter reported “skyrocketing” risk appetite among investors.

    “Assets under management (AUM) in US leveraged ETFs are up to a record $177 billion. Since the March bottom, total leveraged ETF AUM has surged +$45 billion,” it wrote in its latest analysis on X.

    Leveraged ETF AUM data. Source: The Kobeissi Letter/X

    Kobeissi used the same term to describe global money-supply growth — a crypto and risk-asset tailwind at odds with concerns that central banks were adopting a “hawkish stance.” 

    “Meanwhile, US M2 money supply jumped +$1 trillion YoY, or +4.6%, to a record $22.7 trillion,” it continued. 

    “Money supply growth is accelerating.”

    Global money supply data. Source: The Kobeissi Letter/X

    As the US-Iran war rumbled on, oil prices seemed unable to crack new highs, with WTI crude retesting the $100 per barrel mark from above.

    CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView

    “Most important” BTC price support still in play

    Looking at BTC price action, trader Daan Crypto Trades saw the market at a “pivotal level.”

    Related: Bitcoin price history suggests 77% odds of new all-time high within a year

    “Hanging on to that ~$79.4K level which marked the previous highs in April,” he told X followers.

    An accompanying chart showed the 200-period simple (SMA) and exponential (EMA) moving averages trending higher toward the spot price.

    BTC/USDT perpetual contract four-hour chart. Source: Daan Crypto Trades/X

    On the same topic, fellow trader CrypNuevo saw the potential for BTC/USD to head to new multi-month highs at the 50-week EMA should that support hold.

    “Bitcoin is at the most important level,” he agreed on Wednesday. 

    “If it holds the range highs here, then it’ll push towards the 1W50EMA at $84k-$85k. But a failure to hold this level could trigger a rotation back to the mid-range, potentially exposing range lows if momentum doesn’t shift.”

    BTC/USDT one-day chart. Source: CrypNuevo/X

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    AAVE Price Prediction: $85 Capitulation Target as DeFi Selloff Accelerates

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    AAVE Price Prediction: Support Test Before July Rally to 0


    James Ding
    May 14, 2026 10:01

    AAVE’s failure to hold $96 support signals deeper correction toward $85-88 range. Technical breakdown imminent as neutral momentum masks underlying distribution pattern.

    Distribution Phase Confirmed

    AAVE’s grinding decline to $96.45 represents classic distribution as smart money exits DeFi positions ahead of broader market weakness. The token’s 3.38% daily drop masks a more serious technical deterioration that becomes clear when examining the confluence of momentum signals and volume patterns.

    Price action around the 12-period EMA at $96.45 creates a false sense of stability, but the underlying structure points to continuation lower. The RSI neutral reading at 49.93 combined with stalled MACD momentum indicates neither buying pressure nor capitulation – a dangerous middle ground that typically resolves with violent moves. Blockchain.news analysis of similar DeFi token patterns shows this type of sideways drift often precedes 15-20% corrections within days.

    Critical Support Breakdown Setup

    The immediate technical picture centers on AAVE’s inability to reclaim the $99.47 resistance zone. Each bounce attempt meets selling pressure, creating a textbook bear flag pattern that targets the $85-88 support cluster.

    Current price positioning between the 7-day SMA at $97.79 and support at $93.92 creates a narrow trading range that favors downside resolution. The Bollinger Band reading of 0.61 places AAVE in the upper portion of its recent range, suggesting limited upside potential before encountering distribution pressure. More critically, the distance to the 200-day SMA at $141.06 demonstrates the severity of the longer-term downtrend that remains intact.

    Volume at $13.88 million reflects institutional disinterest rather than retail capitulation, indicating the major selling hasn’t begun. This type of quiet distribution typically precedes sharp moves once key support levels fail.

    Derivatives Signal Continuation

    The derivatives market structure supports the bearish technical outlook. Minimal funding rates at 0.0003% indicate neither aggressive positioning nor crowded trades, creating conditions where sudden moves can develop without significant resistance from overleveraged positions.

    Social sentiment mirrors the technical backdrop – complete silence around AAVE contrasts sharply with the constant discussion surrounding other major DeFi protocols. This attention deficit often accompanies tokens approaching significant support breaks, as covered extensively in Blockchain.news market analysis during previous DeFi correction cycles.

    The fundamental disconnect between AAVE’s protocol strength and token performance suggests governance token valuations remain vulnerable to broader crypto market dynamics rather than underlying utility metrics.

    Targeting $85 Breakdown

    Technical confluence points toward a move to the $85-88 support zone once current levels fail. The setup requires patience as AAVE could consolidate near current levels for another 24-48 hours before the next leg down materializes.

    Short positions targeting $93.92 support breakdown offer favorable risk-reward with stops above $99.50. The 4.13 ATR suggests daily ranges of 4-5%, making tight risk management essential during the breakdown phase.

    Bulls should avoid catching falling knives until AAVE reaches the $85-88 zone where meaningful support exists. Any bounce attempts before reaching that level likely represent temporary relief rather than trend reversal, based on the current momentum structure and volume profile.

    Target probability: 75% chance of testing $85-88 support within 72 hours once $93.92 fails to hold on volume.

    Blockchain.news Crypto Market

    Image source: Shutterstock


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    Tezos Developers Test quantum-Resistant Blockchain Privacy System

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    Tezos Developers Test quantum-Resistant Blockchain Privacy System

    Developers behind the Tezos ecosystem launched a testnet prototype for private blockchain payments designed to resist future quantum computing attacks, as concerns grow that advances in quantum technology could eventually compromise existing blockchain privacy systems.

    The prototype, called TzEL, uses post-quantum cryptography and zk-STARK proofs to shield transaction data and encrypted payment metadata that could otherwise be vulnerable to “harvest now, decrypt later” attacks, where encrypted blockchain data collected today is decrypted in the future, according to Tezos.

    The prototype also uses Tezos’ Data Availability Layer to handle the larger proof sizes associated with post-quantum cryptography, which developers say has been one of the main technical barriers to building scalable quantum-resistant privacy systems onchain.

    Source: Tezos

    According to the project’s whitepaper, the quantum-resistant zk-STARK proofs used by TzEL are roughly 300KB in size, significantly larger than privacy proofs commonly used in existing blockchain systems.

    TzEL is currently live on the Tezos testnet and remains in development, while the broader Tezos (XTZ) ecosystem is still in the early stages of transitioning toward post-quantum cryptography.

    Related: Rushed quantum fix may backfire for Bitcoin, Samson Mow warns

    The crypto industry ramps up post-quantum security efforts

    The crypto industry increased efforts to prepare for quantum computing risks throughout April, as concerns continue to grow over the long-term security of blockchain cryptographic systems.

    Two major validator clients on the Solana (SOL) network introduced a test version of a post-quantum signature system called Falcon, designed to help protect the blockchain against future quantum threats while minimizing performance tradeoffs.

    Meanwhile, MARA Holdings launched the MARA Foundation to support Bitcoin network development, including research into quantum-resistant security measures.

    Source: MARA Holdings
    Source: MARA Holdings

    Source: MARA Holdings

    Coinbase researchers also said Algorand (ALGO) and Aptos (APT) appeared further along in preparing for potential quantum threats, citing efforts to integrate quantum-resistant cryptography into their networks.

    However, the researchers warned that proof-of-stake blockchains may face greater exposure to quantum computing risks because of the signature systems used by network validators.

    According to Bernstein researchers, the crypto industry has around three to five years to transition toward quantum-resistant cryptographic standards before quantum computing becomes a threat to Bitcoin (BTC) security.

    But not everyone agrees. In May, Adam Back, an early cypherpunk and Bitcoin contributor, said that computers capable of breaking Bitcoin signatures are likely still at least 20 years away.

    Magazine: Kraken’s $600M stablecoin firm, Huione scandal deepens: Asia Express

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