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Chainlink traded around twelve point five dollars as the broader crypto market stayed cautious. Fear kept retail investors on the sidelines and price movement slowed into a consolidation phase.
Total Value Secured for Chainlink was forty six point zero three billion dollars up slightly from last month. This shows steady use on the network even though the price has not moved much. The data did not signal a clear trend shift.
The price stayed near twelve point five dollars as buyers defended the support level. This stopped an immediate drop to lower demand zones. Earlier the token had broken out of a falling wedge pattern on the daily chart. The breakout ended the decline phase but buying momentum did not continue strongly after the move.
Momentum indicators showed weakness in the short term. The daily MACD formed a death cross showing bearish pressure. RSI also showed a bearish divergence indicating buyers were getting tired.
Whales have been active during the consolidation. On the twentieth of December a new wallet withdrew almost two hundred thousand LINK worth about two point four nine million dollars. The next day the same wallet took out another two hundred forty six thousand LINK worth over three million dollars. After these transfers the wallet held four hundred forty five thousand seven hundred seventy nine LINK.
The outflows from exchanges show accumulation rather than panic selling. Historically similar patterns happened before major price expansions in two thousand twenty one and again in two thousand twenty four. The behavior suggests whales are positioning for the long term rather than reacting to fear.
The twelve to twelve point five dollar range is a key support zone. If buyers continue to hold this area the consolidation may provide a base for future gains. If the support fails the price could move toward the nine to ten dollar demand area. On the upside twenty seven dollars remains strong resistance and a break above it could open the way for higher levels.
In short Chainlink shows caution in price action but underlying flows suggest long term positioning. The token is consolidating rather than breaking down. Holding the support zone is important for bulls and could set up a base for the next upward move.
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Pudgy Penguins PENGU has been under steady pressure for weeks. The token failed to hold above the 0.03 level nearly two months ago and since then the trend has stayed weak. Price moved lower inside a falling channel and stayed below all major moving averages. At the time of writing PENGU was trading near 0.0092 and had failed to reclaim an important zone for the third day in a row.
This long slide pushed PENGU into what many traders see as a discount area. That is where large holders started to show interest.
On chain data showed a clear shift in whale behavior once price dropped below 0.01. A large holder moved more than 272 million PENGU tokens from an exchange into a private wallet. The value of that move was around 2.5 million dollars. Over the past two weeks the same wallet accumulated roughly the same amount again. This suggested planned buying rather than a quick trade.
Other data supported this view. Top holders now control close to two thirds of the total PENGU supply. Their combined balances rose by more than five percent even while price continued to slide. That kind of action usually points to long term positioning rather than chasing short term momentum.
Still whale buying alone has not been enough to turn the trend.
Selling activity across the wider market remained strong. Total sell volume climbed above 680 million tokens which showed that many traders were still exiting positions. This kept pressure on price and limited any upside reaction from whale demand.
Momentum indicators reflected the same story. The Directional Movement Index showed a very weak reading on the bullish side. This is a sign that sellers remain in control and that any bounce faces strong resistance. When indicators stay at these levels it often means price can continue lower unless something clearly changes.
For traders there are two zones that matter most right now.
The first is the danger area below 0.01. If PENGU stays under this level and whale buying does not attract fresh demand price could slip toward the 0.0084 region. That area lines up with recent lows and could act as the next stopping point if selling continues.
The second zone sits just above current price. A daily close above the short term moving average near 0.0104 would be an early sign of relief. Holding above that level could open the door for a move toward 0.013. That would not confirm a full trend change but it would show that buyers are finally pushing back.
For now the market remains cautious. Whale accumulation shows confidence near local lows but the broader crowd is still selling. Until demand grows beyond a few large wallets price action is likely to stay fragile.
In simple terms big players are buying but the market has not followed yet. The next move will depend on whether that quiet accumulation turns into wider interest or fades under continued selling pressure.
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China is considering a pilot program for stablecoin regulation in selected Free Trade Zones. Zhao Zhongxiu from the University of International Business and Economics proposed testing rules for stablecoins in areas like Qianhai and Hainan. The goal is to develop financial technology while keeping the mainland market stable.
The pilot aims to create a safe environment for digital currencies in specific zones. Plans include setting up a Cross Border FinTech Lab and an offshore RMB stablecoin trial. A whitelist system for approved stablecoins would help manage risks and ensure transparent audits of reserves. These steps are meant to strengthen blockchain infrastructure and control financial risks.
The proposal shows China is looking at global trends in stablecoin use. By focusing on Free Trade Zones, the country can experiment with innovation without affecting broader financial stability. The program could support digital trade and boost fintech development while maintaining strict risk controls.
Market reaction has been cautious but positive. While no major crypto leaders have commented directly, the plan aligns with other stablecoin rules worldwide. The People’s Bank of China continues to enforce its ban on crypto trading outside approved programs.
Hong Kong’s stablecoin rules also influence China’s approach. The Hong Kong Stablecoin Ordinance, effective August twenty twenty five, requires banking level standards for stablecoin issuance. These rules provide a framework that China could follow in its Free Trade Zone pilots.
Ethereum is currently trading near two thousand nine hundred seventy six dollars with a market value of three hundred fifty nine billion dollars. It accounts for just over twelve percent of the crypto market. In twenty four hours its trading volume was reported at seven point six nine billion dollars showing a decline. Over the last thirty days the price rose about six percent but it has fallen over thirty percent in the last ninety days.
Experts suggest that these stablecoin initiatives could improve China’s financial infrastructure and encourage innovation in fintech. They may attract more digital finance activities and support the development of digital trade and financial technology. By carefully testing stablecoin rules in Free Trade Zones China can balance innovation with safety and compliance.
In short China is moving to test stablecoin regulation in controlled areas. The pilot focuses on technology development risk management and creating a clear framework for digital currencies. While crypto trading remains banned on the mainland these steps could shape the future of digital finance in China and provide lessons for wider adoption of stablecoins.
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Uniswap UNI saw a strong move over the past day with price rising by more than 11 percent. The jump caught trader attention because it was backed by real changes not just short term hype. Governance progress and a shift in chart structure helped fuel interest though the move is still being tested.
UNI price has been under pressure for months. Since early August the trend stayed weak and rallies kept failing near resistance. This recent push higher is different because it came as activity around the protocol picked up again. Traders are now watching closely to see if UNI can build on this move or if sellers step back in.
Three developments stood out over the last day.
First is the Unification Proposal Vote shared by Uniswap founder Hayden Adams. The vote runs from December 19 to December 25. If approved it would burn 100 million UNI tokens after a short delay. It would also turn on fee switches on the main network. A portion of swap fees would be used to burn UNI tokens over time. This links real usage of the protocol to the token supply which many holders have wanted for years.
The proposal also brings more structure to how the protocol is managed. Work done by the Foundation would be aligned under Uniswap Labs with a clear annual budget. Supporters see this as a step toward better coordination while keeping the system decentralized.
The second development is progress on AI agent to agent payments. This system allows automated agents to move stablecoins across different chains using a shared payment standard. If usage grows it could lead to more transactions flowing through Uniswap. More activity would mean more fees and over time more tokens burned. While this is still early it adds a long term use case rather than a short term story.
The third factor is growing interest in AI focused tools that connect with decentralized finance. New platforms are allowing independent agents to trade and lend without complex setup. This trend supports the idea that Uniswap could see more diverse users and steady volume in the future.
On the chart UNI has broken above a falling trendline that held for about a month. This is an early sign that sellers may be losing control. Still the price is running into a tough area between 6 and 7. This zone has acted as a sell wall in the past.
For UNI to move higher buyers need to hold above 6 and push through 7 with confidence. If that happens the next areas to watch are around 10 and then 12. A move above 12 would mark a clear shift in the long term trend.
If price fails to hold above 6 then this rally could fade. That would suggest the move was more of a reaction than a true trend change.
In simple terms UNI has momentum and solid reasons behind it. But the real test is whether buyers can stay active at these levels. Until that happens caution still makes sense even as the outlook improves.
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Wall Street firms have revised their Bitcoin price predictions lower after recent global economic moves. The Bank of Japan raised rates shortly after the U.S lowered rates. This change affects risk assets such as stocks and crypto and has led institutional investors to adjust their outlook for Bitcoin.
Cathy Woods reduced her thirty year Bitcoin forecast from one point five million to one point two million dollars. Standard Chartered cut its twenty twenty six target from three hundred thousand to one hundred fifty thousand dollars. Citi also lowered its twelve month forecast from one hundred eighty one thousand to one hundred forty three thousand dollars. These moves show that banks are less optimistic about Bitcoin due to changes in liquidity and macro conditions.
Despite these revisions the Bitcoin price showed some strength. On the day the BOJ announced a twenty five basis point rate hike Bitcoin rose above eighty eight thousand dollars after trading below eighty six thousand the day before. This was contrary to expectations that the hike would cause a price drop. Some traders believe this rise shows that the market had already priced in the BOJ move. Others think the rally could be temporary before prices continue lower.
Bitcoin exchange reserves give insight into market sentiment. Between December eleventh and eighteenth more BTC was moved to exchanges suggesting some investors were preparing for a drop. In the last two days outflows increased showing that some investors think the risk of a major decline may have passed. Whale activity remains mixed and shows no clear consensus on whether the bearish trend is over.
The market is still uncertain about Bitcoin’s next move. The recent weekend rise could be a pause before another drop or it could mark the start of a recovery. Institutional investors revising forecasts lower adds to the caution. At the same time the already discounted price may attract buyers who see value in the current levels.
The next few days of institutional activity will be important for Bitcoin. If BTC ETFs or large investors start buying aggressively the price could continue to recover. If buying fails or selling pressure increases the market may turn bearish again.
In short Bitcoin faces a period of uncertainty. Price has shown short term strength even as major banks lower their long term targets. Exchange reserves and whale activity show mixed signals and the market is watching for further clues. Investors should pay attention to institutional moves and global economic changes as they will likely shape Bitcoin’s direction in the near term.
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