Noble Mobile acquires Helium Mobile's consumer business; Helium Network and HNT token operations remain unchanged. The network burns ~$50k daily in data credits with a 7-day deflation rate of 9.72%. HNT breaks below a falling wedge pattern, with bearish momentum indicators pointing to further downside toward $0.60 support.
Cardano remains below $0.30, with price stuck between $0.23 support and $0.27 resistance. Open interest has fallen to about $433 million, pointing to lower trader participation and a cautious market stance.
XRP climbed 1.68% to $1.38 after Ripple’s XRP Community Day, while XRP-based ETFs posted $1.23 billion in net inflows, pointing to sustained investor demand.
Ethereum surged 6% to $1,715 on July 4, fueled by $29M spot ETF inflows and a rare TD Sequential buy signal on the monthly chart. History shows 235% and 182% gains after prior signals. Binance withdrawals hit a 3-year high, and leveraged longs surged.
Ethereum has rebounded from recent lows but remains capped below key resistance. Traders are watching the $2,200 area closely, where stacked long positions could trigger a sharper liquidation-driven move lower.
BitMine staked an additional 171,264 ETH, lifting total holdings to nearly 4 million ETH with a 5% supply target. Ethereum trades near $2,950 as some analysts call it a sleeping giant.
A bull trap in crypto happens when price breaks above resistance but fails to hold, trapping buyers and long positions. The article explains the setup, warning signs, and practical ways to reduce risk.
XPIN fell to $0.002052 in 24 hours as volume climbed to $7.96 million. Traders linked the drop to Binance Alpha airdrop distribution and a 245% APR reward plan, both seen as signs of rising token supply and pressure on market confidence.
