Wormhole appears poised for a bearish reversal, with technical indicators continuing to signal weakness ahead of a Coinbase listing. In a Tuesday announcement, Coinbase confirmed it would list Wormhole (W) on July 2 as an SPL token on the Solana…

Wormhole price forms a risky pattern ahead of Coinbase listing

A growing number of technical signals suggest that XRP may be on the verge of 
a short squeeze, according to prominent crypto analyst CryptoInsightUK. In a 
post on X, the analyst highlighted key on-chain and derivatives data, painting 
a picture of dense liquidity stacked above current price levels, rising open 
interest, and a structure that resembles previous pre-squeeze conditions. XRP 
Short Squeeze Incoming? “Liquidity on the hourly is interesting,” 
CryptoInsightUK wrote, emphasizing what he described as “SUPER dense liquidity 
above us,” adding that in his view, “it’s inevitable this gets taken, probably 
sooner rather than later.” Accompanying images shared by the analyst indicate 
that the lower liquidity cluster sits around $1.90, while the upper zone—where 
a potential short squeeze could be triggered—concentrates around $2.40. The 
implication is clear: shorts are vulnerable to a cascade of forced 
liquidations if price begins to accelerate upward. The analysis drew on data 
from @velo_xyz, showing that open interest has been steadily climbing since an 
unexplained spike on June 24. Notably, during this time, premium remained 
heavily negative, and funding rates oscillated between positive and negative. 
“This suggests to me there have been a net addition of short positions to the 
Open Interest for $XRP,” the analyst wrote, implying that a crowded short 
trade could now be structurally exposed. Related Reading: Wave 3 Ignites As 
XRP Breaks Structure—Analyst Says ‘Fireworks Ahead’ Layering this with 
TradingDiff’s liquidity heatmap, CryptoInsightUK inferred that “we are at some 
point looking for a short squeeze here for XRP.” While the timing remains 
uncertain, the combination of rising open interest, negative premium, and 
dense liquidity above suggests growing asymmetry in risk for short sellers. 
Still, the analyst added a critical note of caution. “Both ETH and XRP on the 
daily do have some liquidity below us,” he said, acknowledging the possibility 
of a fakeout or liquidity sweep downward before any aggressive upside 
movement. “As you guys know, it is possible to leave some liquidity behind as 
some people win their trades. BUT, we cannot count this out.” Related Reading: 
Analyst Reveals Rational Behind XRP Price Reaching $9.5 And $37.5 A final 
observation focused on Ethereum’s changing liquidity landscape, which may have 
broader implications for the market as a whole. “Something has changed on 
ETH,” CryptoInsightUK wrote. “If we look to the liquidity above us we can see 
the Red has turned Yellow.” He interpreted this shift as a possible signal 
that shorts are being closed, or that new longs are building below the current 
price, thereby visually reducing the intensity of liquidity above. Whether XRP 
can reach the $2.40 liquidity pocket remains to be seen, but the fuse may 
already be lit. At press time, XRP traded at $2.18. Featured image created 
with DALL.E, chart from TradingView.com

Analyst: XRP Is Coiled For A Short Squeeze Rally

Webus is activating $100 million in XRP-driven funding to scale its XRP 
treasury strategy, expand crypto payments, and accelerate global growth across 
mobility and loyalty sectors. Webus to Supercharge XRP-Powered Financial 
Strategy A strategic leap toward crypto treasury innovation is unfolding as 
Webus International Ltd. (Nasdaq: WETO) announced that it has secured capital 
to strengthen […]

XRP Strategy Strengthens as Webus Secures $100M Equity Line Agreement

Crypto billionaire Tim Heath lost a tooth but took a finger in a 30-second 
struggle with kidnappers in Estonia last year, a court has heard.

Crypto billionaire bit off kidnapper’s finger during ambush: Report

Bitcoin price started a fresh increase from the $105,200 zone. BTC is now 
consolidating and might struggle to continue higher above the $110,000 
resistance. Bitcoin started a fresh increase above the $108,000 zone. The 
price is trading above $107,500 and the 100 hourly Simple moving average. 
There was a break above a bearish trend line with resistance at $106,300 on 
the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could 
start a fresh increase if it stays above the $107,000 zone. Bitcoin Price 
Regains Traction Bitcoin price remained supported above the $105,000 level and 
started a fresh increase. BTC cleared many hurdles near $106,200 to start a 
decent increase. There was a break above a bearish trend line with resistance 
at $106,300 on the hourly chart of the BTC/USD pair. The pair pumped above the 
$107,500 resistance level. It cleared the 76.4% Fib retracement level of the 
downward move from the $108,792 swing high to the $105,116 low. Finally, the 
price surged toward the $110,000 level. It tested the 1.236 Fib extension 
level of the downward move from the $108,792 swing high to the $105,116 low. 
Bitcoin is now trading above $108,000 and the 100 hourly Simple moving 
average. On the upside, immediate resistance is near the $109,400 level. The 
first key resistance is near the $110,000 level. A close above the $110,000 
resistance might send the price further higher. In the stated case, the price 
could rise and test the $112,000 resistance level. Any more gains might send 
the price toward the $113,200 level. Downside Correction In BTC? If Bitcoin 
fails to rise above the $110,000 resistance zone, it could start another 
decline. Immediate support is near the $108,750 level. The first major support 
is near the $108,000 level. The next support is now near the $107,200 zone. 
Any more losses might send the price toward the $106,500 support in the near 
term. The main support sits at $105,000, below which BTC might continue to 
move down. Technical indicators: Hourly MACD – The MACD is now losing pace in 
the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD 
is now above the 50 level. Major Support Levels – $108,000, followed by 
$107,200. Major Resistance Levels – $110,000 and $112,000.

Bitcoin Price Surges Toward $110K — Will It Finally Stick the Landing?

A cryptocurrency analyst has pointed out how Pudgy Penguins (PENGU) is 
starting to look similar to Pepe (PEPE) did before its explosion. Pudgy 
Penguins May Be Following A Similar Path As PEPE In a new post on X, analyst 
Ali Martinez has talked about how PENGU is showing to the memecoin PEPE in its 
price chart. Below are the graphs shared by Martinez comparing the trends of 
the two side-by-side. In both charts, the analyst has marked the Fibonacci 
Retracement levels for the assets, lines that are based on ratios from the 
famous Fibonacci series. The analyst has set the 1.0 level to a price top for 
both assets. For PEPE, it&#8217;s the high from 2023, and for PENGU, it&#8217;s the peak 
from the start of 2025. Similarly, the zero mark is taken at the bottom point. 
More specifically, the low that followed the aforementioned top in the coins. 
Martinez then drew the Fibonacci Retracement levels between the two end 
points, with each line corresponding to some percentage retracement from top 
to bottom. Related Reading: Ethereum In Demand: ETF Inflow Streak Extends To 7 
Weeks It would appear that in PEPE&#8217;s case, the price bottom was followed by a 
recovery surge that topped above 0.5, the midway point of the Fibonacci scale. 
This high led into a retrace, but bullish momentum returned for the coin in 
2024, resulting in a sharp explosion where its price far surpassed the 2023 
top. From Pudgy Penguins&#8217; chart, it&#8217;s apparent that something similar has been 
developing for it, as its price, too, has seen the pattern of a top above the 
0.5 Fibonacci Retracement line, followed by a dip and now a rebound. The 
rebound in question corresponds to the altcoin&#8217;s impressive 50% rally over the 
past week. Even with this surge, however, the asset has only managed to return 
to the May high. While there has been some similarity between the two price 
charts, it should be noted that it&#8217;s not an exact mirror. For instance, the 
dip extended to 0.236 for PEPE, but the rebound came for PENGU before such a 
retracement could occur. With the rebound also not being as strong as PEPE&#8217;s 
so far, it only remains to be seen whether Pudgy Penguins&#8217; surge would end up 
evolving into anything like the memecoin&#8217;s takeoff. As the analyst notes, &#8220;a 
daily close above $0.015–$0.017, and this train could be unstoppable.&#8221; Related 
Reading: Ethereum At Risk? If $2,200 Cracks, $1,160 May Be Coming Something 
that could also point toward a potential breakout for PENGU is this chart 
shared by Martinez earlier, showcasing that the altcoin has been traveling 
inside an Ascending Triangle over the last few months. Pudgy Penguins has 
recently climbed to the upper line of the pattern, situated around $0.015. 
Generally, breaks above the resistance line of an Ascending Triangle are 
considered to be bullish signals. So far, the coin hasn&#8217;t been able to surge 
past the line. PENGU Price At the time of writing, Pudgy Penguins is trading 
around $0.0148, up over 4% in the last 24 hours. Featured image from Dall-E, 
charts from TradingView.com