Anmol Khatiwada, Author at Bitmala

Chainlink (LINK) Eyes $23 as Bulls Reclaim Momentum Near $18.50

Chainlink (LINK) is flashing bullish signals again after weeks of range-bound action. The altcoin recently rebounded from the $17 support level, surging past $18.50 with a daily gain of 3.16%. This rise comes amid renewed confidence across the altcoin market, with LINK trading volume reaching $911 million in 24 hours.

Technical indicators are leaning bullish. LINK’s price is riding the upper Bollinger Band, and RSI currently stands at 67 after briefly touching 72.95 — suggesting strong buying pressure that’s just cooling off slightly. The key resistance range between $19 and $21 will be crucial in determining whether LINK can continue its breakout momentum.

With a market cap of $12.51 billion, Chainlink remains a top 15 crypto by market value. If the price manages a clean breakout above $19, bulls may push LINK toward short-term targets of $21 or even $23. However, failure to break this resistance could send it back toward $17 or $15 support zones — aligned with the mid-Bollinger Band and 20-day SMA.

Investors are watching closely. A confirmed breakout could signal the next altcoin rally phase, with LINK leading the charge.

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Ethena ($ENA) Goes Nuclear – Up 133% in 25 Days, But Can It Smash $0.80?

Ethena ($ENA) is on a heater. The altcoin has popped off with a wild 133% gain in the past 25 days, topping out at a local high of $0.5367. That’s not just hype—it’s backed by a massive $1.68B trading volume in 24 hours and a juicy $3.39B market cap.

After chilling between $0.24–$0.36, $ENA broke past key resistances at $0.36 and $0.47 like it was nothing. That rally? Probably powered by some deep-pocketed whales, not just your average degen.

The RSI is pushing 74.80—yeah, that’s deep in overbought territory. So, while it’s bullish, don’t rule out a little cool-off soon. The MACD is still looking strong though, keeping the uptrend alive.

If $ENA keeps this momentum, the next targets are $0.695 and $0.805. But if things dip, eyes on the $0.47 and $0.36 support zones.

TL;DR: Ethena is printing green candles like it’s got unlimited ink. Just don’t forget—volatility’s still in the building.

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Turbo ($TURBO) Soars 43%: Can the Breakout Rally Push It to $0.011?

Turbo Token is on full send mode 🚀. In just 24 hours, $TURBO pumped 43.27%, breaking clean through its $0.005 resistance for the first time since May. The price now chills around $0.006331, and the vibes are bullish.

Trading volume? Insane. Over $541.9M in 24 hours—a 904% spike. One of the fattest green candles we’ve seen in a hot minute just dropped, showing the memecoin isn’t here to play.

If this trend holds, $TURBO could eye resistance levels at $0.008 and $0.0098—and maybe hit the dream target of $0.0115. But don’t get too comfy. If the market flips, a pullback to $0.005 or even $0.0031 is still in the cards.

Right now, both short-term hype and long-term conviction are fueling the run. It’s volatile, it’s risky, but it’s also the kind of breakout that turns heads.

Turbo’s back in the spotlight, and it’s moving fast.

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Chainlink (LINK) Eyes $23 as Bullish Momentum Builds Above $17 Support

Chainlink (LINK) is showing signs of renewed bullish momentum after bouncing from the $17 support zone. The altcoin has surged to $18.53, gaining over 3% in the past 24 hours, with trading volume exceeding $911 million. This uptick signals growing investor confidence as LINK eyes a potential breakout.

Currently testing resistance between $19 and $21, LINK appears ready for a move higher. Technical indicators support this outlook — the price is hugging the upper Bollinger Band, and RSI is holding strong around 67 after cooling slightly from the overbought zone at 72.95. A decisive close above $19 could send LINK soaring toward the $21–$23 range.

With a market cap of $12.5 billion, Chainlink ranks 14th in the crypto market, reflecting its solid community and use-case strength. However, if LINK fails to clear the $19 barrier, it risks a short-term correction back to $17 or even $15, aligning with the Bollinger midline and 20-day SMA.

As the altcoin market turns green, Chainlink is one to watch closely. A breakout from this zone could signal the next phase of the rally.

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Insane !$2.27B in Ethereum Set to Unstake as Validator Exit Queue Soars Post-ETH Rally

Ethereum is facing a major validator exit wave, with over 632,000 ETH—worth about $2.27 billion—queued to be unstaked. This comes on the heels of a 56% price rally in ETH over the past month, which has sparked a rush for profit-taking among validators.

Crypto analyst Udi Wertheimer flagged the surge, comparing it to the January 2024 exodus when ETH/BTC jumped 25%. Ethereum’s proof-of-stake (PoS) model restricts the daily ETH withdrawal limit to 1,800 ETH to maintain network stability. With current exit numbers, validators now face a 9+ day delay to unstake their tokens.

This marks a significant increase from July 21’s $1.3 billion in exit queue value, reflecting rising pressure from ETH holders looking to capitalize on recent gains. ETH is currently trading at $3,605, according to CoinMarketCap.

Some analysts believe the surge may lead to selling pressure, especially since 60% of unstaked ETH has moved to exchanges, as per Glassnode. Others suggest it could boost Ethereum’s onchain activity.

Interestingly, the timing aligns with record-breaking Ethereum ETF volumes, hitting $3.1 billion, largely driven by BlackRock’s $2.16 billion share. This dynamic shows both investor confidence and short-term volatility in the ETH market.

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Pudgy Penguins (PENGU) Skyrockets 433% Amid ETF Buzz and Bitcoin Hyper Bridge Hype

Solana-based meme coin Pudgy Penguins (PENGU) has exploded by 433% over the past month, driven by Canary Capital’s plans to launch a PENGU ETF. The hype has lifted Solana meme coins across the board, with Bonk (BONK) also gaining 154% following the LetsBonk launch.

NFT demand has surged too — Pudgy Penguins NFTs now trade at a 16 ETH floor (over $58K), doubling in just 15 days. Technical analysts predict a minor dip to $0.035 before it rebounds toward $0.06, with potential to hit $0.080 if trendline support holds. Trading volume remains strong, covering 75% of circulating supply, while RSI at 74 signals sustained bullish pressure.

Meanwhile, Bitcoin Hyper (HYPER), a Layer-2 chain bridging Bitcoin and Solana, has raised $4.5 million to fuel BTCFi — the movement bringing DeFi to Bitcoin holders. HYPER enables staking, lending, and yield on BTC without leaving the Bitcoin network.

With support from top exchanges and growing presale interest, HYPER is set to redirect liquidity toward Solana’s DeFi space — benefiting meme tokens like it. As institutional and retail interest converges, this could mark the beginning of a new altseason powered by BTC-backed liquidity.

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Upexi Doubles Down on Solana, Now Holds $381M Worth of SOL

Florida-based Upexi, Inc. has taken another major leap into crypto by purchasing 83,000 Solana (SOL) tokens for $16.7 million at an average price of $201.34 per token. This move boosts Upexi’s total SOL holdings to 1.9 million tokens — valued at over $381 million based on Solana’s spot price of $200.60.

Despite a recent 4.74% dip in Solana’s price to $189.45, it remains bullish. CEO Allan Marshall expressed confidence in growing U.S. crypto regulation, which he believes will accelerate blockchain adoption. He emphasized that Upexi will continue to “HODL” Solana, viewing it as a long-term strategic asset for shareholders.

Traditionally a consumer product company, it is rapidly evolving into a crypto-involved entity. It actively manages a digital asset portfolio, aligning with a broader strategy to diversify its holdings.

This purchase follows its July 15 announcement of plans to raise $200 million via equity and convertible note offerings. At that time, the company aimed to expand its SOL stash from 735,692 to 1.65 million. With this latest move, Upexi has now exceeded its goal — signaling strong belief in Solana’s long-term value and blockchain’s mainstream future.

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Ripple Co-Founder Moves $175M in XRP, Triggers Market Selloff Speculation

Ripple co-founder Chris Larsen has transferred 50 million XRP (worth $175 million) since July 17, 2025, sparking widespread speculation in the crypto space. On-chain sleuth ZachXBT flagged the movements, revealing that $140 million flowed directly into exchange-linked wallets — a red flag for many investors.

The remaining 10 million XRP were moved to two newly created wallets, with no clear explanation from Larsen. These transactions coincided with a sharp decline in XRP’s price, now trading at $3.09, with daily volume soaring above $17 billion.

Social media erupted with mixed reactions. Some users accused Larsen of “dumping” during a downturn, potentially manipulating the market. Others defended him, suggesting the redistribution supports decentralization and might benefit the XRP ecosystem long term.

Prominent X user DigitalG warned that such moves can fuel psychological panic-selling, particularly among retail investors. Still, he remained optimistic, predicting XRP’s long-term value could reach the thousands.

Meanwhile, Ripple CEO Brad Garlinghouse reminded the community to stay vigilant as large transfers often attract scammers. He emphasized that Ripple never promotes giveaways or asks for XRP transfers. As Larsen remains silent, speculation continues around the intent behind this major shift in XRP holdings.

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BNB Hits New All-Time High at $803 Amid Soaring Institutional Demand

BNB, the native coin of BNB Chain, surged 7% in 24 hours and 16% over the past week, reaching a record $803 in early Asian trading on July 23. This rally pushed its market cap past $110 billion, signaling growing investor confidence.

Trading activity has ramped up, with daily volume increasing 12% to $3.2 billion and futures open interest rising 23% to $1.27 billion, according to Coinglass. Derivatives volume jumped 22% to $2.15 billion, highlighting strong speculative interest.

A major catalyst was Nano Labs Ltd, a China-based Web3 firm, which bought 120,000 tokens (about $90 million) via OTC deals at an average price of $707. The company views BNB as a “core strategic reserve asset” and plans to accumulate more.

Technically, it is trading above its 20-day SMA of $704, maintaining a strong uptrend. However, with the RSI at 87.54 and above the upper Bollinger Band, short-term caution is advised. Analysts suggest it could target $850 next, with $900 as resistance, and support near $740 or $705. CoinCodex forecasts BNB may reach $1,100 by November 2025 if institutional interest persists.

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Bitcoin Boost: MARA Holdings Plans $850M Convertible Notes Offering

MARA Holdings announced plans to raise $850 million through a private offering of convertible senior notes due in 2032, targeting qualified institutional investors under Rule 144A. These interest-free notes come with an option for buyers to purchase an additional $150 million depending on market conditions.

Proceeds from the offering will be partly used to repurchase MARA’s existing 1.00% convertible notes maturing in 2026, with up to $50 million allocated for the buyback. The remainder will fund additional Bitcoin purchases, hedging agreements, and general corporate expenses like working capital and debt repayment.

The notes offer flexible conversion options, allowing MARA to convert them into cash, shares, or a combination, at specific windows before maturity. MARA may also redeem the notes for cash starting January 2030 if conditions are met. Investors can request repayment if the stock price falls below the conversion price on January 4, 2030.

To minimize dilution, MARA will enter capped call transactions linked to the offering. The company expects some trading activity around the deal that could influence its stock price. This move underscores MARA’s ongoing strategy to expand its Bitcoin reserves while managing its debt profile, maintaining its position as a major corporate Bitcoin holder.

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