Crypto ETPs see $1.7B in outflows, longest streak since 2015
Cryptocurrency exchange-traded products (ETPs) continued seeing massive selling last week, recording the fifth week of outflows in a row, with $1.7 billion leaving the market. After seeing slightly softened outflows of $876 million in the previous week, crypto ETP liquidations accelerated during the past trading week, bringing the total five-week outflows to $6.4 billion, CoinShares reported on March 17.The ongoing outflows have also marked the 17th straight day of outflows, the longest negative streak since CoinShares started records in 2015, CoinShares’ James Butterfill wrote.Despite notable negative sentiment, year-to-date (YTD) inflows remain positive at $912 million, he added.BTC ETP outflows: $5.4 billion in five weeksAfter seeing $756 million outflows in the first week of March, Bitcoin (BTC) ETPs saw increased selling in the trading week from March 10 to March 14, seeing a further $978 million outflows.The five-week selling streak brought total BTC ETP outflows to $5.4 billion, leaving just $612 million of YTD inflows by March 14.Flows by asset (in millions of US dollars). Source: CoinSharesBoth Ether (ETH) and Solana (SOL) ETPs saw $175 million and $2.2 million outflows, respectively. XRP (XRP) ETPs continued to go against the trend, seeing a further $1.8 million in inflows.European 21Shares sees largest outflowsAccording to CoinShares data, European crypto ETP provider 21Shares recorded the largest liquidations among issuers last week, totaling $534 million of outflows.Despite significant selling in Europe, the United States still saw the largest outflows among the analyzed regions, with $1.2 billion leaving its crypto ETP market.Flows by issuer (in millions of US dollars). Source: CoinSharesBlackRock, the largest crypto holder among all the issuers, saw $401 million of outflows, with month-to-date outflows expanding to $594 million.Related: Crypto market’s biggest risks in 2025: US recession, circular crypto economyProShares is the only tracked major issuer that still has $2 million of inflows MTD. ProShares is also one of three major issuers that managed to maintain inflows YTD by March 14, including firms such as BlackRock and ARK Invest.Additionally, Binance saw almost all its assets under management wiped out by a seed investor exit, leaving just $15 million left, Butterfill noted.Magazine: XRP to $4 next? SBF’s parents seek Trump pardon, and more: Hodler’s Digest, Jan. 26–Feb. 1
Brazilian lawmaker introduces bill to regulate Bitcoin salaries
Brazilian lawmakers are considering new legislation that would officially authorize employers to pay salaries to employees using cryptocurrencies like Bitcoin.Federal deputy Luiz Philippe de Orleans e Bragança has introduced a bill proposing regulation of crypto payments for wages, remunerations and labor benefits.Filed on March 12, the bill PL 957/2025 legalizes voluntary and partial salary payments in cryptocurrencies like Bitcoin (BTC) while also requiring employers to proceed with a part of the pay in the national currency, the Brazilian real.Preview of the draft bill PL 957/2025 by Luiz Philippe de Orleans e Bragança (translated via Google). Source: Camara.leg.brOrleans-Braganza, a descendant of Brazil’s former royal family, is serving his second term as a federal deputy for São Paulo and supports Truth Social, the social media platform owned by US President Donald Trump.Bitcoin may only account for 50% of a salary payoutIn the proposed legislation, Orleans-Braganza asked lawmakers to prohibit employees from paying full salaries in crypto, capping such payments at 50%.“The payment of salaries exclusively in virtual assets is prohibited,” except for cases involving expatriate employees or foreign workers, under the terms of regulations by the Central Bank of Brazil.An excerpt from the proposed bill PL 957/2025 (translated via Google). Source: Camara.leg.brThe bill also allows full crypto payments by “independent service providers,” subject to certain contractual provisions.Otherwise, the share of the payment in the Brazilian real may not be less than 50% of the employee’s total salary payout. The conversion of the amount paid into crypto must follow the exchange rate officially established by an institution authorized by the Central Bank of Brazil.Reasons behind the billAccording to Orleans-Braganza, the introduction of crypto payment salaries in Brazil has the potential to boost the financial technology sector and attract crypto investment in the local economy.Additionally, the measure “reinforces the principle of autonomy of will, allowing workers and employers greater freedom to decide on their contractual relations, without prejudice to fundamental guarantees,” the bill reads.Related: Brazil fintech unicorn Meliuz adopts Bitcoin treasury strategyThe proposal aims to follow successful crypto payment implementation in many global jurisdictions, including Switzerland, Japan and Portugal, Orleans-Braganza mentioned, adding:“In Japan, for example, legislation requires individual agreement between employer and employee, as well as specific guidelines for the conversion of the amounts paid. In Portugal, regulation brought flexibility and drove the adoption of virtual assets in the financial sector.”While some global jurisdictions allow Bitcoin use in payments, many countries — like Turkey and Russia — prohibit citizens from using any cryptocurrency as a means of payment.El Salvador — the first country to adopt Bitcoin as legal tender in 2021 — allows voluntary payments in crypto but no longer allows tax payments and any government fees in crypto following a deal with the International Monetary Fund.Separately from the crypto salary news in Brazil, the Brazilian government has recently pushed a new initiative to facilitate BRICS transactions using cryptocurrency and blockchain technology, according to a March 12 report by Valor International.Magazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler’s Digest, March 9 – 15
Not every AI agent needs its own cryptocurrency: CZ
Artificial intelligence agents need to prioritize their intrinsic utility, not the launch of their in-house native tokens to raise funds.AI agent-related tokens have significantly declined over the past month, as their cumulative market capitalization decreased by over 21% to the current $27 billion, according to CoinMarketCap data.While their continued decline may be part of the broader crypto market correction, another reason could be a lack of focus on intrinsic utility, according to Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange.30-day market cap chart of AI agent tokens. Source: CoinMarketCapZhao wrote in a March 17 X post:“While crypto is the currency for AI, not every agent needs its own token. Agents can take fees in an existing crypto for providing a service.”“Launch a coin only if you have scale. Focus on utility, not tokens,” he added.Source: Changpeng ZhaoZhao’s comments come during a significant downtrend for AI cryptocurrencies, which lost over 61% of their peak $70.4 billion market capitalization in the three months since they started to decline on Dec. 7.AI agent tokens, market cap, 1-year chart. Source: CoinmarketcapNumerous venture capital firms, including Pantera Capital and Dragonfly, are excited about the future of AI agents but have yet to invest in them, according to a panel discussion at Consensus 2025 in Hong Kong.Related: 0G Foundation launches $88M fund for AI-powered DeFi agentsAI agents are performing autonomous blockchain transactions, exchange servicesAI agents are gaining increasing interest thanks to their promise of increasing online productivity, streamlining decision-making processes and creating new financial opportunities.AI agents are already executing autonomous transactions on the blockchain without direct human input.The concept gained attention following a Dec. 16 post by Luna, an AI agent on Virtuals Protocol, which sought image-generation services.LUNA virtual protocol, X post. Source: LunaLuna also received an X response from STIX Protocol, another autonomous AI agent, which generated the requested images.LUNA payments to STIX protocol. Source: BasescanAfter the images were generated, Luna paid STIX Protocol’s AI agent $1.77 worth of VIRTUAL tokens on Dec. 16, onchain data shows.Yet, some of the demand for AI agents has since faded, as Virtuals Protocol’s revenue fell 97%, Cointelegraph reported on Feb. 28.Related: Libra, Melania creator’s ‘Wolf of Wall Street’ memecoin crashes 99%Industry watchers foresee a year of significant upside for the emerging field of AI cryptocurrencies.AI agents launch platform ai16z and decentralized trading protocol Hyperliquid are “poised for growth in 2025,” Alvin Kan, chief operating officer of Bitget Wallet, told Cointelegraph. “Emerging narratives like AI-driven investments, decentralized AI agents and tokenized assets hint at a tech-driven shift, though with added risk,” he said.Magazine: ETH may bottom at $1.6K, SEC delays multiple crypto ETFs, and more: Hodler’s Digest, March 9 – 15
Wemix Foundation CEO Kim Seok-hwan said they had no intention of concealing a hack on its bridge, which led to over $6 million in losses.In a press conference, Kim reportedly said there was no attempt to cover up the incident, even though the audience pointed out the announcement was delayed.On Feb. 28, over 8.6 million WEMIX tokens were withdrawn due to an attack on the platform’s Play Bridge Vault, which transfers WEMIX to other blockchain networks. The company only made an official announcement four days after the attack. According to Kim, the announcement was delayed due to the possibility of further attacks and to avoid causing panic in the market because of the stolen assets. Related: Bank of Korea to take ‘cautious approach’ to Bitcoin reserveWemix CEO outlines risks of premature announcementWemix said the hacker broke into their system by stealing the authentication key for the company’s service monitoring system of Nile, its non-fungible token (NFT) platform. After the theft, the hacker spent two months preparing before randomly creating abnormal transactions. The hackers attempted to withdraw 15 times but only succeeded with 13 withdrawals, taking away 8.6 million WEMIX tokens and selling them in exchanges outside South Korea. Kim explained that upon becoming aware of the hack, they immediately shut down their servers and began their analysis.The executive added that they filed a complaint against the unidentified hacker with the Cyber Investigation Team of the Seoul National Police Agency. The Wemix CEO said the authorities had already started investigating the matter. Kim said that there was a risk in making a premature announcement. The CEO said that in a situation where the penetration method was not identified, they could be exposed to further attacks. Kim also reiterated that the market had already seen some impact from the sold assets, and they would risk panic selling if they announced it immediately. During the press release, the executive apologized to Wemix investors, saying that the disclosure delay was his call and that he should be held responsible if anything goes wrong. WEMIX token drops 39% amid hack announcementDespite the attempt to avoid causing market panic, the WEMIX token dropped by nearly 40% from the day of the exploit to March 4, when the company finally announced the hack. The price went from $0.70 on Feb. 27 to a low of $0.52 on Feb. 28. The price went down to $0.42 on March 4. At the time of writing, the crypto asset trades at $0.58, which is still 17% below its pre-hack price. WEMIX token price chart. Source: CoinGeckoMagazine: Ridiculous ‘Chinese Mint’ crypto scam, Japan dives into stablecoins: Asia Express
Crypto platform Debiex must pay $2.5M in CFTC ‘pig butchering’ case
Crypto platform Debiex has been ordered to pay around $2.5 million after it failed to respond to a US Commodity Futures Trading Commission suit accusing it of being a romance scam ring.Arizona federal court Judge Douglas Rayes on March 13 granted the CFTC’s earlier motion for summary judgment in its case and ordered Debiex to pay back around $2.26 million it stole from its customers, along with a civil penalty of nearly $221,500.Judge Rayes said there was no evidence that Debiex’s failure to respond to the CFTC was the result of “excusable neglect.”The CFTC sued Debiex in January 2024, saying its staff ran a so-called “pig butchering” scam, where they initiated romantic relationships with customers over social media to gain trust to convince them to invest in the platform.The scheme hooked five victims who deposited around $2.3 million in total onto Debiex, which the purported trading platform stole, the CFTC said.A highlighted excerpt of Judge Rayes’ order summarizing the CFTC’s case against Debiex, Source: CourtListenerThe CFTC also accused Zhāng Chéng Yáng of being a “money mule” for Debiex, whose crypto wallets were used to accept and steal victims’ funds.Judge Rayes granted a CFTC motion for default judgment against Zhāng on March 12, finding it adequately alleged he controls a crypto wallet with OKX “that received digital assets to which he had no legitimate claim.”He said OKX was “voluntarily preserving” the crypto in Zhāng’s account and ordered its contents, consisting of $5.70 worth of Tether (USDT) and nearly 63 Ether (ETH) worth around $119,500, to be transferred to an unnamed victim.The CFTC said in its January 2024 complaint that Debiex’s scheme saw its unknown managers target potential victims through social media to lure them to websites it had created marketing itself as a “Blockchain Network Decentralized perpetual contract trading platform” where users can conduct futures trading and “Mining transactions.”Related: Four suspects charged in home invasion of streamer Amouranth Debiex’s staff would present as females and built a rapport with victims through “continuous and repeated messaging and sharing purported pictures of themselves” while claiming to be “highly successful digital asset commodities traders,” the CFTC said.Once an account was created and the customers sent over their crypto, the CFTC said Debiex would share “fictitious information” about customer balances, trading positions and profits.“All of this information was most likely false,” the CFTC said. “The evidence shows that the Customers’ digital assets were simply sent to numerous digital asset wallets in an attempt to obfuscate their destination.”Magazine: SEC’s U-turn on crypto leaves key questions unanswered
Crypto users report new scam emails spoofing Coinbase, Gemini
Crypto users have reported a rise in scam emails made to look like they’re from crypto exchanges Coinbase and Gemini that attempt to get users to set up a new wallet with pre-generated recovery phrases controlled by scammers.In several examples posted to X, the email claims to be from Coinbase, asking users to transition to self-custodial wallets and providing instructions on downloading the legitimate Coinbase Wallet, giving a deadline of April 1 to make the switch.Source: Steve KaczynskiHowever, it also provides pre-generated recovery phrases. Once users open a new wallet with those phrases and transfer funds, all the assets will be available to the threat actor, who could drain the wallet.The email mentions a class-action lawsuit against Coinbase alleging it has sold unregistered securities, which has resulted in a court mandating users manage their own wallets.“Coinbase will operate as a registered broker, allowing purchases, but all assets must move to Coinbase Wallet,” the phony email says.The US Securities and Exchange Commission dismissed its lawsuit alleging Coinbase was an unregistered broker and selling unregistered securities on Feb. 27.Coinbase told Cointelegraph it is aware of the scam and pointed to its March 14 post to X, saying, “We will never send you a recovery phrase, and you should never enter a recovery phrase given to you by someone else.” Source: Coinbase Support Crypto exchange Gemini has also been spoofed with the same recovery phrase email scam, using the same tactics and claiming users need to set up a new wallet because of a recent court decision.Gemini was being sued by the SEC for allegedly offering unregistered securities through its earn program. The regulator opted to end the legal action on Feb. 26.Source: Sukesh TedlaGemini didn’t immediately respond to Cointelegraph’s request for comment. Blockchain security firm CertiK’s annual Web3 security report flagged crypto phishing attacks, which cost users $1 billion across 296 incidents, as the most significant security threat for 2024.Related: California financial regulator warns of 7 new types of crypto, AI scamsThe email scams come as at least three crypto founders have reported foiling an attempt from alleged North Korean hackers to steal sensitive data through fake Zoom calls.Scammers have been targeting crypto founders by offering a meeting to discuss a partnership opportunity, but once the call starts, they send a message feigning audio issues and a link to a new call that installs malware. Magazine: Lazarus Group’s favorite exploit revealed — Crypto hacks analysis
Bitcoin landfill man loses appeal, says he has one ‘last legal option’
A UK man’s bid to obtain a permit to search a landfill for his hard drive — holding private keys to 8,000 Bitcoin — has been rejected by the UK Court of Appeals.“Appeal request to the Royal Court of Appeal: refused,” Howells said in a March 14 X post.“The Great British Injustice System strikes again… The state always protects the state,” the early Bitcoin adopter added before revealing his “next stop” would be the European Convention on Human Rights (ECHR).UK Royal Court of Appeal Judge Christopher Nugee knocked back Howells’ application, stating that there was no “real prospect of success” and there was “no other compelling reason” as to why it should be heard, according to a March 13 filing shared with Cointelegraph.Source: James HowellsNugee’s decision follows an earlier dismissal on Jan. 9 from High Court Judge Andrew Keyser, who similarly said there was “no realistic prospect” of Howells’ case succeeding at a full trial.In a note to Cointelegraph, Howell said his “last legal option” to exhaust is at the ECHR — where he will claim that the UK High Court and UK Court of Appeal breached his right to property and right to a fair trial under Article 1 of Protocol 1 and Article 6 of the ECHR.“The British establishment want to sweep this under the carpet, and i will not let them. It will not go away — no matter how long it takes!”The ECHR cannot overrule a UK court decision — however, a verdict in Howells’ favor would call on the UK courts to consider whether its legislation was interpreted in a way that is compatible with the ECHR’s provisions.In a separate statement shared with Cointelegraph, Howells said he would file a claim to the ECHR in the “coming weeks.”The court filings follow repeated rejections from the Newport City Council allowing Howells to search through the Docksway landfill — where Howells’ former partner disposed of a bag containing the hard drive at the site in 2013.Related: Burning quantum-vulnerable BTC is the best option — Jameson LoppHowells’ 8,000 Bitcoin (BTC) is worth around $660 million at current prices. While few predicted Bitcoin would reach such heights back then, Howells’ incident illustrates the importance of properly securing self-custodied crypto funds.Howells also appears to be running out of time, as the Docksway landfill is reportedly set to shut down sometime during the UK’s 2025-2026 financial year, BBC News reported on Feb. 9.Magazine: Bitcoin vs. the quantum computer threat: Timeline and solutions (2025–2035)
Four suspects charged in home invasion of streamer Amouranth
Four suspects were charged in connection with the home invasion of online streamer Amouranth, whose real name is Kaitlyn Siragusa. The streamer says she was held at gunpoint by several individuals demanding that she hand over the private keys to her crypto.According to Fox 26, the suspects include Dylan Nesho Campbell, Bryan Anthony Salazar Guerrero and two additional suspects between the ages of 16-17.Campbell and Guerrero were each charged with aggravated kidnapping and aggravated robbery with a deadly weapon, as was the 17-year-old suspect.Siragusa reported that several armed individuals entered her home late at night on March 2, beat her, and held her at gunpoint, demanding her cryptocurrency.Source: AmouranthLuckily, her husband was on speakerphone, which the gunmen took in an attempt to access a crypto app. The husband, having been alerted to the situation, grabbed a handgun while attempting to gauge where the armed men were in the home.The online streamer led the assailants around the home and convinced them to start looking for a cold storage device.As the armed robbers were looking for the device, Siragusa ran upstairs to her husband, who was also watching the situation unfold on the home's network of cameras.Once she was safely upstairs, her husband fired off three rounds at assailants, likely shooting one in the process before the home invaders retreated and law enforcement arrived at the scene.Siragusa’s husband later revealed that he was the one posting from her account as the incident unfolded. Source: AmouranthThe streamer previously disclosed that she held roughly 211 Bitcoin, worth over $20 million in November 2024, to online followers — making her a target for armed robbery.Related: UK authorizes charges against NCA officer for alleged Bitcoin theftCrypto kidnappings and extortion on the rise The incident is merely the latest in a string of kidnappings and armed robberies aimed at crypto holders.In January 2025, a UK court sentenced seven gang members for the kidnapping and extortion of a crypto investor, who was repeatedly assaulted and coerced into handing over funds over several months.During that same month, reports emerged that Ledger co-founder David Balland was kidnapped in France and held for a crypto ransom before being rescued by law enforcement.Magazine: Scam AI ‘kidnappings’, $20K robot chef, Ackman’s AI plagiarism war: AI Eye
Burning quantum-vulnerable BTC is the best option — Jameson Lopp
Jameson Lopp, the chief security officer at Bitcoin (BTC) custody company Casa, recently argued against allowing quantum recovery of lost BTC and said that burning these coins to protect the integrity of the protocol was the preferable option.According to Lopp, allowing individuals or institutions with quantum computers to recover lost coins violates the Bitcoin network's properties of censorship resistance, transaction immutability, and conservatism.In a March 16 article, the crypto executive wrote that allowing quantum recovery is not good for anyone. Lopp added:"Allowing quantum recovery of bitcoin is tantamount to wealth redistribution. What we would be allowing is for bitcoin to be redistributed from those who are ignorant of quantum computers to those who have won the technological race to acquire quantum computers.""It is hard to see a bright side to that scenario," the executive continued before concluding that quantum recovery can only harm the security of the Bitcoin network.The threat posed by quantum computers to Bitcoin continues to be hotly debated, with some arguing that the threat to modern encryption is decades away, others arguing that quantum computers will never be practical, and some warning that the threat is imminent.Jameson Lopp discusses the risks posed by quantum computers at the Future of Bitcoin Conference in 2024. Source: Future of Bitcoin ConferenceRelated: Crypto, quantum computing on collision course as Microsoft debuts new chipThe great quantum scare of 2024In October 2024, researchers at Shanghai University claimed they broke encryption standards used in military and banking applications using a quantum computer.However, YouTuber "Mental Outlaw" later asserted that these claims were overblown and that the researchers did not break modern encryption standards.The YouTuber said that the quantum computer used by the research team could only factorize the integer 2,269,753, which set a new record for quantum computers but still lagged behind some classical computers.Mental Outlaw added that the device used in the experiment could only break a 22-bit key, while the record set by a classical computer was breaking an 892-bit key.Modern encryption key sizes can range anywhere between 2048 to 4096 bits, with the option of extending key sizes in the future to make them even more secure.Magazine: Bitcoin vs. the quantum computer threat: Timeline and solutions (2025–2035)
Bitcoin reclaims $80K zone as BNB, TON, GT, ATOM hint at altcoin season
Bitcoin (BTC) is struggling to break above the 200-day simple moving average ($84,000), but a positive sign is that the bulls have not ceded much ground to the bears. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to achieve a weekly close above $81,000 to signal resilience. Selling could accelerate if the price plummets below $76,000.Another cautious voice was that of Markus Thielen, head crypto researcher at 10x Research. Thielen told Cointelegraph that Bitcoin’s chart structure “suggests market indecision rather than a straightforward bullish consolidation.” Thielen remains doubtful of a strong price recovery in Bitcoin at the current juncture.Crypto market data daily view. Source: Coin360However, Bitcoin network economist Timothy Peterson has a different view. In an X post, Peterson said that April and October are the two months that generate a large portion of Bitcoin’s annual performance. That suggests Bitcoin could rise to a “new all-time high before June.”Could buyers drive Bitcoin above the short-term overhead resistance levels? If they do, what other top cryptocurrencies may rally in the near term?Bitcoin price analysisThe downsloping 20-day exponential moving average ($86,188) suggests that bears are in command, but the positive divergence on the relative strength index (RSI) indicates that the selling pressure is reducing.BTC/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down from the current level, the BTC/USDT pair could drop to $80,000 and then to $76,606. Contrarily, if the price turns up and breaks above the 20-day EMA, it will signal that the markets have rejected the breakdown below the 200-day SMA. The pair could rally to the 50-day SMA ($93,033) and, after that, to $100,000. Buyers may find it difficult to surpass the psychological barrier at $100,000.BTC/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe 20-EMA on the 4-hour chart is flattening out, and the RSI is just above the midpoint, indicating a balance between supply and demand. Buyers will have to drive the pair above the resistance line to gain the upper hand. The pair may climb to $92,810 and then to $95,000.The downside support is at $80,000 and next at $78,000. If the supports crack, the possibility of a drop below $76,606 increases. BNB price analysisBNB (BNB) started a recovery from $507 on March 11, which is facing selling at the 50-day SMA ($621).BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA ($595) is the critical near-term support to watch out for. If the price rebounds off the 20-day EMA, it suggests that the bulls are buying on minor dips. That improves the prospects of a break above the 50-day SMA. The BNB/USDT pair could then rally toward $686.Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will indicate that the bears are fiercely defending the 50-day SMA. The pair may tumble to $550.BNB/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe 20-EMA has turned up on the 4-hour chart, and the RSI is in the positive zone, indicating a bullish sentiment. There is resistance at $632, but if buyers overcome it, the pair could jump to $680.This optimistic view will be negated in the near term if the price turns down and breaks below the 20-EMA. The pair may dip to the 50-SMA, which is again likely to attract buyers. A break below the 50-SMA will tilt the advantage in favor of the bears.Toncoin price analysisToncoin (TON) rose sharply from $2.35 on March 11 and reached the 50-day SMA ($3.64) on March 16.TON/USDT daily chart. Source: Cointelegraph/TradingViewThe correction from the 50-day SMA is expected to find support at the 20-day EMA ($3.15). If that happens, it will signal a change in sentiment from selling on rallies to buying on dips. That increases the possibility of a rally above the 50-day SMA. The TON/USDT pair could climb to $4 and later to $5.Contrarily, a break and close below the 20-day EMA suggests that the bears remain active at higher levels. The pair may then drop toward $2.50.TON/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe 4-hour chart shows the up move is facing selling at the $3.60 level, but buyers are expected to defend the 20-EMA on declines. If the price turns up sharply from the 20-EMA, the bulls will try to propel the price above $4.15. If they manage to do that, the pair could jump toward $4.67.Conversely, if the price turns down and breaks below the 20-EMA, it will signal that the bears remain active at higher levels. The pair may drop to the 50-SMA and subsequently to $2.50.Related: Toncoin in 'great entry zone' as Pavel Durov's France exit fuels TON price rallyGate Token price analysisGate Token (GT) has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears.GT/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA ($21.06) is flattening out, and the RSI has risen to the midpoint, indicating that the selling pressure is reducing. If buyers drive the price above the triangle, it will signal the resumption of the upmove. The GT/USDT pair could climb to $24 and eventually to $26.If the price continues lower and closes below the 20-day EMA, it will signal that the pair may remain inside the triangle for a while. The bears will be back in command on a break below the triangle.GT/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe 4-hour chart shows that the bears are finding it difficult to maintain the price below the 20-EMA. That suggests demand at lower levels. Buyers will try to strengthen their position by pushing the price above the resistance line. If they do that, the pair could rally toward $24.Instead, if the price turns down and breaks below the 50-SMA, it will signal that the bullish momentum is weakening. The pair may descend to $19 and eventually to the support line.Cosmos price analysisCosmos (ATOM) broke above the 20-day EMA ($4.31) on March 15, indicating that the selling pressure is reducing.ATOM/USDT daily chart. Source: Cointelegraph/TradingViewThe RSI has formed a positive divergence, suggesting that the bearish momentum is weakening. The 50-day SMA ($4.73) could act as resistance but is likely to be crossed. A close above $5.15 could open the doors for a rally to $6.50.The 20-day EMA is the crucial support to watch out for on the downside. If this support gives way, it will signal that the bears remain sellers on rallies. That could sink the ATOM/USDT pair to $3.50. ATOM/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair started a pullback in the near term, which could reach the 20-EMA. If the price turns up from the 20-EMA, it will signal a positive sentiment where the bulls are buying on dips. That increases the likelihood of a break above $5.15. If that happens, the pair may surge to $5.50 and then to $6.50.This positive view will be invalidated in the near term if the price breaks below the 20-EMA. That could sink the pair to the 50-SMA and later to $3.80.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.
