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eXch platform denies laundering claims linked to $1.4B Bybit hack eXch, a centralized exchange that does not require user KYC verification, has denied claims that it's laundering funds from the recent $1.4 billion Bybit hack, which has been linked to the North Korean hacking group Lazarus, according to The Block. The platform argues that these allegations are driven by those who are against the fungibility and on-chain privacy of decentralized cryptocurrencies. Despite this, blockchain analysts have noted unusual ETH transfers to eXch, with a significant increase in volume: 20,000 $ETH in the past 24 hours compared to the usual 800 ETH. Meanwhile, eXch acknowledged on a forum post that an "insignificant portion" of the hacked Bybit funds did reach their platform, describing it as an "isolated case."

As per Titan Of Crypto’s data , Bitcoin dominance is weakening, making way for an altcoin season. The altcoins are gaining strength as suggested by bearish divergence on the Bitcoin Dominance (BTC.D). Even though BTC.D reached a high of 62%, it fell sharply and plunged to around 54%. This means Bitcoin’s market share is weakening, which could lead to altcoins reversing. As Bitcoin’s dominance increased, the Relative Strength Index (RSI) was unable to reach new heights. This bearish divergence supports the change in market sentiment by pointing to a waning trend. Additionally, the BTC.D chart’s successive red candles attest to heightened selling pressure. Additionally, long upper wicks near recent highs signal rejection at higher levels. This rejection suggests sellers are gaining control. The RSI’s break below key levels further supports a bearish outlook for Bitcoin dominance. Hence, capital may flow into altcoins as investors seek opportunities beyond Bitcoin. As Bitcoin dominance weakens, altcoins could experience increased demand. Historically, a drop in BTC.D coincides with stronger altcoin performance. Lower Bitcoin dominance means more market participants are allocating funds to alternative cryptocurrencies. Furthermore, a bearish market configuration on the BTC.D indicates further downside potential. In this case, where selling pressure persists, the downtrend in Bitcoin dominance could theoretically continue Its decline. It may seem likely that in this situation, altcoin traction would increase alongside heightened market interaction. The current downward RSI movement aligns with declining Bitcoin dominance. If Bitcoin dominance remains bearish, altcoins could gain further traction. The percentage scale on the BTC.D highlights Bitcoin dominance falling from 62% to 54%. If the downward trend continues, dominance could drop further. This scenario would provide altcoins with more market share and liquidity. Moreover, technical indicators support a prolonged bearish trend for BTC.D. The presence of multiple red candles reinforces the ongoing selling pressure. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Javon Marks, a well-known market analyst, predicts a price surge for Avalanche ( AVAX ). His recent analysis suggests a potential 369% rally, pushing AVAX beyond $126. Besides, the price could even extend toward $243, marking a substantial long-term gain. Currently, AVAX trades around $29, showing consolidation after a prior rally. In the past, the price of AVAX faced decline from the late 2021 period to mid-2022. However, it did not make a higher low around mid-2023, signaling a possible change in trend. At present, the market structure is showing higher highs and higher lows. Bullish momentum has been strengthened by the breakout from resistance levels. With additional upside potential, the price trajectory points to a gradual climb that targets $176.83. Additionally, the whole trend is positive, with support levels providing a strong foundation for further growth. The long-term price projection extends beyond $243. This aligns with the broader market recovery and growing investor confidence. Besides, the breakout region acts as a launchpad, supporting the possibility of sustained growth. Hence, as long as market conditions remain favorable, AVAX could continue its upward trajectory . Furthermore, cyclical price behavior supports the likelihood of expansion phases following retracements. The consolidation phase around $29 suggests an accumulation period before the next surge. Additionally, historical trends indicate that measured moves often reach their projected targets, reinforcing bullish expectations. The higher low formation remains a crucial pivot for AVAX’s price movement. Besides, the previous breakout region serves as an essential support level. If AVAX maintains bullish momentum, the next key resistance lies near $126. Hence, surpassing this level could open doors to $176.83 and beyond. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Pyth Network (PYTH) is showing indications of a potential reversal rally, with market observers watching keenly in a falling wedge pattern. The coin has gained 14.59% over the past week, sparking speculation about a potential breakout that would take its price significantly higher. In a recent tweet on X The Crypto Titan has provided recent insights on PYTH, and in them, they believe the asset has already bottomed and is about to move upward. PYTH is said in the post to currently be underpriced, and a move above the falling wedge could see its price reach $1.00. $PYTH (Weekly) IMO, the $PYTH reversal rally 📈 is started, after being bottomed out inside the falling wedge in the weekly timeframe✅. IMO, 1$ for $PYTH is nothing & right now it's way Cheaper💎 #pyth #Python #btc #bitcoin #crypto #CryptoTrading #thecryptotitans pic.twitter.com/LFADWJi5Z2 PYTH’s price action has been in a falling wedge, a setup with lower highs and lower lows. The recent bounce on the lower trendline is a testament to high demand, with the next significant level of resistance at $0.40. Analysts predict a potential breakout above the level could see a price move of as high as 210%, hitting a level of $1.00. Alternatively, a failure in a breakout could see a pullback and consolidation. The Stochastic RSI reading at 9.22 and 3.80 signals PYTH is in overbought. It is a hint a potential upward move is imminent in the case of a crossover. Moreover, the Directional Movement Index (DMI) shows a looming crossover of +DI (14.49) and -DI (14.23), and in case of a confirmation, could signal buyers regaining command. The ADX level of 22.82 signals a decelerating trend but a breakout could strengthen momentum. Traders are watching the area around $0.30-$0.35 as a potential area where a breakout could occur. If PYTH moves above here, the stock could move on to reach around $0.50-$1.00 in the near future. Downward, a break above could see consolidation. At the time of writing, The price was at $0.2431 with a market capitalization over the last 24 hours at $74,758,403. It is a gain over the day of 2.65%. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Dogecoin is presently showing marked price action as it rebounds from a crucial technical level. The cryptocurrency is changing around the Fibonacci golden zone at the 0.618 level, positioned at $0.20083. This area has historically been significant in technical analysis as it often signals a potential shift in market trends. According to Rose Signals observation, Dogecoin traded at $0.25737, rebounding from the Fibo Zone 1 near $0.20083. Prices declined from $0.41712 to $0.25090 before reaching the support zone. Targets indicate potential rises to $0.49931 (T1), $0.57406 (T2), and $0.65437 (T3). The 0.618 Fibonacci level stood at $0.24737, with strong buying pressure observed near this area. A further sustained rally could see the price reach the third target (T3) of $0.65437. These levels are based on technical indicators and provide reference points for market participants monitoring potential price action. A critical aspect of Dogecoin’s current trajectory involves overcoming certain resistance levels. Price movement beyond these points is considered essential for confirming a trend reversal. Market data indicates that breaking through resistance could solidify bullish momentum. Traders are focused on whether Dogecoin can maintain upward pressure as it tests these resistance zones. The Fibonacci retracement belongs to several widespread technical analysis tools that traders use to predict price movements. Marketers find the 0.618 retracement level both known as the golden zone to contain particular significance. The price direction needs careful evaluation because Dogecoin currently positions itself in a critical market zone. Market sentiment can be examined through short-term and long-term perspectives by tracking these technical levels according to analysts. Dogecoin now stands at an essential point as it rebounds from its $0.20083 Fibonacci level. Market participants follow three price targets at $0.49931, $0.57406 and $0.65437 as they watch Dogecoin test resistant price zones. Future price movements will depend significantly on technical indicators for their analysis. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.