Market analysis from Phemex
Bitcoin ( PHEMEX:BTCUSDT.P ) has reached a new all-time high, surpassing $111,000, driven by strong institutional inflows, regulatory clarity, and macroeconomic factors. This surge follows our previous analysis , where we anticipated a potential breakout above the $105,000 mark. The current rally is fueled by increased demand from institutional investors,...
Dogecoin (DOGE), once known primarily as a playful meme token, has proven it can produce substantial market movements, drawing significant attention from traders and investors. Notably, in October 2024, DOGE made headlines with a stunning 500% rally, soaring from $0.11 to a peak of $0.48. Yet, as swiftly as it surged, Dogecoin experienced a sharp reversal,...
In the rapidly evolving landscape of cryptocurrency, Virtuals Protocol ( PHEMEX:VIRTUALUSDT.P ) has emerged as a notable player, particularly within the AI and metaverse sectors. As of May 16, 2025, VIRTUAL is trading at approximately $1.85, with a 24-hour trading volume of around $280 million and a market capitalization of $1.21 billion. This positions VIRTUAL...
Bitcoin’s breakout above the $100,000 mark on May 8, 2025—its highest level since early January—reflects renewed risk-on sentiment across global markets, supported by easing U.S.-China tension and expectations of favorable crypto regulation. Spot ETF flows have also played a pivotal role: U.S. Bitcoin ETFs have accumulated over $1 billion in net inflows this...
KAITO token has recently experienced a significant surge, gaining approximately 85% in the past 48 hours. This explosive price action has drawn considerable attention from traders and investors. The surge appears to be fueled by increased investor interest driven by new partnerships and expanding community rewards, particularly the integration of Huma Finance's...
Solana ( PHEMEX:SOLUSDT.P ) is known for its high throughput and fast transaction speeds, making it a popular choice for various decentralized applications (dApps) and traders. Large crypto-native funds are actively bidding for bulk SOL positions, betting on eventual U.S. spot-ETF approval. This analysis will outline potential trading scenarios for SOL, keeping...
SIGN token ( PHEMEX:SIGNUSDT.P ) has experienced a remarkable surge this week, gaining 60% in a short period as seen on the 1-hour chart. This surge has attracted significant investor attention, driven by SIGN's unique approach to cross-chain verification. Cross-chain verification addresses a critical challenge in the blockchain space: the secure and efficient...
The TRUMP token ( PHEMEX:TRUMPUSDT.P ) has recently experienced a surge in value, with a 60% increase, fueled by news of President Donald Trump inviting the top 220 token holders to a dinner on May 22nd. Additionally, the top 25 holders are reportedly invited to a private event and tour at the White House. These exclusive events have generated significant...
Bitcoin ( PHEMEX:BTCUSDT.P ) has demonstrated significant bullish momentum, decisively breaking through the critical $90,000 resistance level. This breakout follows a period of sustained accumulation and increasing institutional interest, signaling a potential continuation of the upward trend. The psychological significance of the $90,000 barrier being breached...
SUI ( PHEMEX:SUIUSDT.P ) is experiencing a challenging start to 2025, with its price declining 68% from its all-time high of $5.37 on January 6th. However, a potential bullish reversal signal is emerging, as the recent drop to $1.71 coincides with a Relative Strength Index (RSI) divergence, where the price makes lower lows while the RSI makes higher lows. This...
MANTRA (OM) experienced a dramatic price crash of over 90% last Sunday (April 13th). While many initially suspected a "rug pull" event, similar to what happened with Luna and FTX, OM Founder JP Mullin attributes the massive sell-off to forced liquidations at an exchange, triggering a panic sell-off. While the exact cause of this 90% crash is still unconfirmed,...
FunToken ( PHEMEX:FUNUSDT.P ) has surged in the crypto market, rising over 270% in the past month. This surge is attributed to its integration with the Binance Smart Chain (BSC) and the release of a roadmap that focuses on mobile gaming. Unlike many GameFi projects that prioritize web/desktop games, FUN is focusing on the mobile gaming sector, with plans to...
Ripple ( PHEMEX:XRPUSDT.P )has seen significant developments with the launch of its US dollar-backed stable coin, RLUSD (launched in December 2024), integrated into its Ripple Payments platform to improve cross-border enterprise transactions. The stable coin, regulated by the NYDFS, has experienced substantial growth, approaching a $250 million market cap and...
The past few weeks have left many traders perplexed, with Bitcoin's price ( PHEMEX:BTCUSDT.P ) fluctuating within a seemingly indecisive range. However, a broader view reveals a consistent pattern: Bitcoin has been oscillating between $92,775 and $76,555, indicating a period of market equilibrium where neither bullish nor bearish forces have gained a decisive...
FARTCOIN ( PHEMEX:FARTCOINUSDT.P ), once a highly sought-after AI meme coin, experienced a meteoric rise of over 500%, reaching an all-time high of $2.75 following its listing on Phemex. The euphoria was palpable, with investors reveling in their newfound gains. However, as is often the case in the volatile crypto market, the winds changed. A broader market...
Ethena has rapidly ascended in the decentralized finance (DeFi) sector, notably propelling its stablecoin, USDe, to become the world's largest by market capitalization within a year. In December 2024, Ethena Labs introduced USDtB, a stablecoin backed by BlackRock's tokenized money market fund, BUIDL, aimed at stabilizing USDe during bearish crypto market phases....
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced significant price volatility recently. After reaching a high of $4,112, ETH's value declined to $1,752, reflecting a broader market downturn. This sharp correction has led many investors to question whether now is an opportune moment to "buy the dip." To navigate this...
In the volatile world of cryptocurrencies, Dogecoin ( PHEMEX:DOGEUSDT.P ) has consistently captured the attention of traders and enthusiasts alike. In October 2024, DOGE experienced a remarkable surge, climbing from $0.11 to a peak of $0.48—a gain of nearly 500%. However, this exuberance was short-lived, and the price has since plummeted by 70%, currently trading...