- Bitcoin (BTC) holds near $108K; key altcoins CETUS, INJ, ENS, VIRTUAL, SPX see gains.
- CETUS soared 21% on user reimbursement news; INJ up >4% on 2 billion transaction data.
- ENS forms bullish pennant targeting $28.79; VIRTUAL up 12%, SPX gains 17%.
Bitcoin (BTC) is holding near the $108,000 mark today, with the wider digital asset market mostly quiet and showing little volatility. Still, a handful of altcoins are bucking the trend, making significant moves and grabbing investor attention. Here’s a look at what’s driving price action for CETUS, INJ, ENS, VIRTUAL, and SPX.
CETUS Soars 21% on User Reimbursement News Post-Exploit
Cetus Protocol (CETUS) shares soared 21% today, largely fueled by a major trust-restoring announcement from the project.
The DeFi protocol, built on the Sui (SUI) blockchain, revealed details of a full reimbursement plan for users impacted by the recent exploit. This news triggered a dramatic 176% spike in CETUS trading volume as investors clearly welcomed the platform’s transparent and proactive measures.
Cetus confirmed that it will cover all stolen assets using its treasury and a critical loan from the Sui Foundation. While full recovery hinges on an upcoming community vote, the team assured users that reimbursements will begin regardless of the outcome.
Related: Cetus Hack Aftermath: Sui Community Debates Frozen Funds Return, Weighs User Protection
INJ Up >4% as Injective Network Hits 2B Transactions
Injective (INJ) continued its upward trajectory, climbing more than 4% as the network celebrated a significant milestone: surpassing 2 billion on-chain transactions. This achievement highlights the growing adoption and use of Injective’s infrastructure, particularly in burgeoning areas like DeFi, RWA tokenization, and advanced trading functionalities, signaling robust underlying activity.
Related: Crypto Price Today: BTC, ETH, SOL, and TAO Rally After Weekend Dip
ENS Forms Bullish Pennant, Eyes $28.79 Breakout Target
While Ethereum Name Service (ENS) showed only a mild gain in price today, its technical chart holds strong promise for traders.
A bullish pennant pattern has formed on the 4-hour chart, signaling a potential breakout. Traders are eyeing an entry at $22.52, setting a stop-loss at $21.44, and targeting a breakout toward $28.79.
VIRTUAL Jumps 12%; RSI High, MACD Stays Bullish
Virtuals Protocol (VIRTUAL) saw its price jump 12% today, pushing it above both its 20-day EMA (around $1.90) and its 50-day EMA (approximately $1.60). With the RSI reading 71.68, the asset is on the edge of overbought territory, reflecting strong buyer interest but also potential caution ahead.
The MACD indicator on the daily chart recently turned bullish as the signal line (orange) remains below the MACD line (blue). The histogram is also green but the intensity is declining.
SPX Token Surges 17% Towards $1 on High Volume
Whether driven by meme energy or broader speculation, SPX6900 (SPX) is definitely turning heads as it inches closer to the critical $1 mark.
The token jumped over 17% in the past 24 hours, backed by a 136% spike in trading volume–a clear sign of increasing retail speculation.
The RSI on the daily chart above reads a value above 69 which means that the bulls are overall in control. The gradient of the line suggests further upside before the rally hits overbought levels and price action cools down.
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