Hedera Hashgraph price continued its downward trend on Monday, May 19, as demand for Bitcoin and other altcoins eased. Hedera Hashgraph (HBAR) dropped to $0.1870, down by almost 20% from its highest level this month and 54% from its highest…

HBAR price dips, but numerous catalysts point to Hedera rebound

Circle&#8217;s potential sale could reshape crypto market dynamics, influencing 
stablecoin governance and impacting IPO strategies amid economic 
uncertainties.
The post Circle explores possible sale to Coinbase or Ripple amid IPO plans 
appeared first on Crypto Briefing.

Circle explores possible sale to Coinbase or Ripple amid IPO plans

Grass, the decentralized web crawling and AI infrastructure token, has seen 
its price drop over 9% today, trading at $1.96. Despite this pullback, 
analysts are suggesting that the token may be primed for a breakout, given its 
strong technical indicators…

GRASS crypto dips over 9%, but analysts believe it could be poised for a breakout

Bitcoin ETFs notched a fifth straight week of net inflows, bringing in $603.74 
million, with Blackrock’s IBIT once again leading the charge. Ether ETFs 
joined the rally, posting an inflow of $41.59 million. Bitcoin and Ether ETFs 
Log Strong Inflows Despite Broad Market Mixed Signals Crypto exchange-traded 
fund (ETF) momentum held strong last week as […]

ETF Weekly Recap: Bitcoin ETFs Score Fifth Straight Week of Inflows With $604 Million Boost

**Key points:**
 * Bitcoin&#8217;s rejection at $107,000 shows sellers are active at higher levels, but the recovery from the intraday low shows solid buying.
 * Strategy and Metaplanet continue to accumulate Bitcoin, adding steady buy-side pressure to BTC price. 
 * Select altcoins have pulled back, but they have not yet turned negative.
Bitcoin&#8217;s (BTC) attempt to challenge the all-time high faced a strong 
rejection near $107,100 on May 19, signaling that the bears are unlikely to 
give up without a fight. However, the long tail on the candlestick shows solid 
buying at lower levels.
The short-term uncertainty has not deterred the long-term buyers from 
accumulating more Bitcoin. Strategy, formerly MicroStrategy, announced the 
purchase of 7,390 Bitcoin for an average price of about $103,500, taking its 
total holding to 576,230 Bitcoin. 
Similarly, Japanese investment firm Metaplanet said on May 19 that it acquired 
1,004 Bitcoin, boosting its total to 7,800 Bitcoin.
_Crypto market data daily view. Source:__Coin360_
Although Bitcoin&#8217;s trend remains bullish, repeated failure to break above the 
overhead resistance may tempt short-term traders to book profits. That 
increases the risk of a break below the psychological level of $100,000.
What are the crucial support and resistance levels to watch out for in Bitcoin 
and altcoins? Let&#8217;s analyze the charts of the top 10 cryptocurrencies to find 
out.
## S&amp;P 500 Index price prediction
The S&amp;P 500 Index (SPX) extended its up move last week, indicating continued 
buying by the bulls.
_SPX daily chart. Source: Cointelegraph/TradingView_
The upsloping 20-day exponential moving average (5,712) and the relative 
strength index (RSI) near the overbought zone signal an advantage to buyers, 
but the up move is expected to face significant resistance in the 6,000 to 
6,147 zone.
If the price turns down from the overhead zone, the index could find support 
at 5,800 and then at the 20-day EMA. If the price rebounds off the 20-day EMA, 
the bulls will again try to drive the index to the all-time high. Sellers will 
have to tug the price below the 20-day EMA to break the bullish momentum.
## US Dollar Index price prediction
The relief rally in the US Dollar Index (DXY) hit a wall at the 50-day simple 
moving average (101.67) on May 12, indicating that the bears are selling on 
rallies.
_DXY daily chart. Source: Cointelegraph/TradingView_
The index is likely to find support at the 100.27 level. If the price rebounds 
off 100.27, the bulls will again try to kick the index above the 50-day SMA. 
If they manage to do that, the index could pick up momentum and surge toward 
103.54. Such a move signals that the corrective phase may be over.
Sellers will retain the advantage if the price closes below the 100.27 
support. That opens the doors for a retest of the 99 level.
## Bitcoin price prediction
Bitcoin broke above the overhead resistance at $105,820 on May 18, but the 
bulls could not sustain the momentum.
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
Sellers are expected to fiercely defend the zone between $107,000 and 
$109,588. The 20-day EMA ($100,787) is the crucial support to watch out for on 
the downside. A rebound off the 20-day EMA suggests the positive sentiment 
remains intact. The bulls will again try to clear the overhead zone. If they 
succeed, the BTC/USDT pair could skyrocket toward $130,000.
This positive view will be invalidated in the near term if the price continues 
to fall and breaks below the psychologically crucial $100,000 support. The 
pair could then plummet to the 50-day SMA ($91,916).
## Ether price prediction
Ether&#8217;s (ETH) bounce off the 20-day EMA ($2,288) on May 18 fizzled out near 
$2,600, signaling that the bears have kept up the pressure.
_ETH/USDT daily chart. Source: Cointelegraph/TradingView_
Sellers tried to pull the price below the 20-day EMA, but the long tail on the 
candlestick shows solid buying at lower levels. The bulls will try to kick the 
price above the $2,738 resistance, opening the gates for a rally to $3,000. 
There is minor resistance at $2,850, but it is likely to be crossed.
Contrarily, a break and close below the 20-day EMA tilts the advantage in 
favor of the bears. The ETH/USDT pair could then slump to $2,111.
## XRP price prediction
XRP (XRP) remains stuck inside the $2.65 to $2 range, indicating buying near 
the support and selling close to the resistance.
_XRP/USDT daily chart. Source: Cointelegraph/TradingView_
The XRP/USDT pair bounced off the 20-day EMA ($2.34) on May 17, but the bulls 
are facing selling at higher levels. If the price sustains below the 20-day 
EMA, the pair could stay inside the range for some more time. The price action 
inside the range is expected to be random and volatile.
The next trending move is likely to begin on a break above $2.65 or below $2. 
If buyers pierce the $2.65 resistance, the pair could travel to $3.
## BNB price prediction
BNB (BNB) bounced off the 20-day EMA ($635) on May 18, but the higher levels 
attracted selling by the bears.
_BNB/USDT daily chart. Source: Cointelegraph/TradingView_
The gradually upsloping 20-day EMA and the RSI in the positive territory 
indicate a slight edge to the bulls. If the price rises and maintains above 
$644, the bulls will again try to drive the BNB/USDT pair above $680. If they 
succeed, the pair may start its northward march toward the overhead resistance 
of $745.
Contrary to this assumption, a break and close below the 20-day EMA clears the 
path for a decline to the 50-day SMA ($606) and later to $580.
## Solana price prediction
Solana (SOL) turned up from the 20-day EMA ($163) on May 17, but the bulls 
could not push the price above the $180 resistance.
_SOL/USDT daily chart. Source: Cointelegraph/TradingView_
Sellers are trying to pull and retain the price below the 20-day EMA. If they 
manage to do that, the SOL/USDT pair could tumble to $153 and, after that, to 
the 50-day SMA ($143). That points to a possible range-bound action between 
$180 and $120 in the near term.
The bulls will have to propel the price above the $185 level to regain 
control. The pair could then pick up momentum and rally to $210 and 
subsequently to $220.
_**Related:**__**XRP price risks falling to $2 after classic bearish chart 
pattern confirms**_
## Dogecoin price prediction
Buyers successfully defended the breakout level of $0.21 on May 17 but are 
struggling to sustain the bounce in Dogecoin (DOGE).
_DOGE/USDT daily chart. Source: Cointelegraph/TradingView_
Sellers will try to make a comeback by pulling the price below $0.21. If they 
do that, the DOGE/USDT pair could slide to the 50-day SMA ($0.18). That 
signals a possible range formation between $0.26 and $0.14.
Buyers will have to thrust the price above the $0.26 resistance to signal the 
resumption of the recovery. There is minor resistance at $0.30, but it is 
likely to be crossed. The pair may then ascend to $0.35.
## Cardano price prediction
Cardano (ADA) has broken below the neckline of the inverted head-and-shoulders 
pattern, indicating that the bulls are losing their grip.
_ADA/USDT daily chart. Source: Cointelegraph/TradingView_
The next support is at the 50-day SMA ($0.68). If the price turns up from the 
50-day SMA, the bulls will try to push the ADA/USDT pair above the neckline. 
If they can pull it off, the pair could retest the $0.86 level. A break and 
close above the $0.86 resistance clears the path for a rally to $1.01.
Conversely, a break and close below the 50-day SMA suggests the markets have 
rejected the breakout above the neckline. That increases the risk of a drop to 
$0.58.
## Sui price prediction
Sui&#8217;s (SUI) bounce off the 20-day EMA ($3.67) turned down from the $3.90 to 
$4.25 zone, indicating that the bears are active at higher levels.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
The pullback could deepen if the price breaks and sustains below the 20-day 
EMA. If that happens, the SUI/USDT pair could skid to $3.12 and then to the 
50-day SMA ($2.97).
On the contrary, if the price snaps back from the 20-day EMA and rises above 
$3.90, it suggests a positive sentiment. That enhances the prospects of a 
break above the $4.25 level. The pair could then surge to $5. Sellers are 
expected to fiercely defend the zone between $5 and the all-time high of 
$5.37.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

Before discovering Bitcoin (BTC), Ledn co-founder Mauricio di Bartolomeo found 
success shorting the Venezuelan Bolivar as it rapidly lost value against the 
stronger US dollar. Now, with the US dollar depreciating against Bitcoin, 
borrowing against Bitcoin instead of selling it has become a more viable 
strategy.
&#8220;Prior to Bitcoin, my most successful investment was shorting the Bolivar with 
dollars,&#8221; di Bartolomeo told Cointelegraph in an exclusive interview at the 
Consensus conference in Toronto, Canada.
&#8220;I was borrowing Bolivars and buying dollars with them, holding the hard 
dollars and having a borrow [position] on the weaker currency,&#8221; he said.
The arrival of Bitcoin-backed loans means investors can now effectively 
implement the same strategy by using a harder currency as collateral.
_Ledn co-founder Mauricio di Bartolomeo, right, and Cointelegraph &#8216;s Sam 
Bourgi at Consensus. Source: Cointelegraph_
This was part of the motivation behind launching Ledn, a Cayman Islands-based 
company that gives Bitcoin holders the ability to access dollar liquidity 
without having to sell their BTC.
By borrowing against Bitcoin, &#8220;you&#8217;re basically doing the same thing, but you 
are in effect holding the hard money, which is Bitcoin, and taking a borrow 
[position] on dollars, which is a weaker currency,&#8221; said di Bartolomeo, 
adding:
&gt; &#8220;This creates a bit of a virtuous cycle that we see happen time and again 
&gt; with real estate, with borrowing against your stock, borrowing against your 
&gt; gold, and so Bitcoin is no different.&#8221;
_**Related:**__**Bitcoin miners should pay costs in depreciating currency &#8212; 
Ledn exec**_
## Crypto lending market on the rise
Ledn operates in a much broader crypto lending industry that has grown over 
the past five years due to the rapid appreciation of Bitcoin, the arrival of 
institutional investors and the growing utility of stablecoins.
By the fourth quarter of 2024, the crypto lending market was valued at $30.2 
billion, a more than threefold increase compared to two years earlier, 
according to Galaxy Research. However, the size of the overall industry 
remains below the 2021 peak.
The researchers attributed the recent rise to decentralized finance 
applications, which allow users to borrow against assets onchain. This trend 
was further corroborated by a recent Cointelegraph report, which documented 
the growing monetary value secured by DeFi lending protocols.
_The crypto lending market has rebounded sharply from its 2022 lows but 
remains well below the peak from 2021. Source:__Galaxy Research_
Ledn was ranked among the top three centralized finance (CeFi) lenders, with a 
loan book valued at $9.9 billion at the end of 2024. Together, the top three 
CeFi lenders &#8212; Ledn, Tether and Galaxy &#8212; account for 89% of the total 
market, the Galaxy report showed.
_**Magazine:**__**Danger signs for Bitcoin as retail abandons it to 
institutions: Sky Wee**_