Day: July 22, 2025

Kohl’s Stock Defies Gravity: KSS Explodes Above $20, Still 40% Up on Short Interest

Posted on by Skerdian Meta

More driven by speculative fervor than actual news, Kohl’s Corporation (NYSE: KSS) shocked Wall Street on Tuesday with an astounding intraday move.
Continue reading “Kohl’s Stock Defies Gravity: KSS Explodes Above $20, Still 40% Up on Short Interest” →

DOGE and SHIB Surge: $5.35B Open Interest Signals More Upside Ahead

Posted on by Arslan Butt

Dogecoin (DOGE) and Shiba Inu (SHIB), the top dog-themed meme coins, are consolidating at key support levels after last week’s big move. Derivatives data shows continued buying interest, so maybe another leg up.

According to CoinGlass, Dogecoin’s Open Interest (OI) in futures went from $2.73B on Thursday to $5.35B on Tuesday—its highest since January 20. Shiba Inu followed a similar path, with OI going from $215.87M to $328.49M over the same period. Open Interest is the total number of outstanding derivative contracts and rising OI means more capital is flowing in and more traders are getting long.

Key stats over the last 5 days:

  • DOGE OI: $2.73B → $5.35B (+96%)
  • SHIB OI: $215.87M → $328.49M (+52%)
  • Funding Rates:
    • DOGE: 0.033%
    • SHIB: 0.023%

These rising funding rates—longs are paying shorts—back up the bullish case as traders are betting on higher prices.

DOGE Price Outlook: $0.24 Key

Dogecoin broke above the multi-month trendline last Friday and went up 15.11% in two days. As of Tuesday, DOGE is down slightly at $0.26 but above the $0.24 support.

DOGE Price Chart - Source: Tradingview
DOGE Price Chart – Source: Tradingview

The daily RSI is 78, overbought, and the MACD is still in the bullish crossover since late June. The green bars above the zero line are getting bigger.

If $0.24 holds, DOGE could go to $0.31. If it breaks, it will retest the breakout zone at $0.22.

SHIB Forecast: Watching the 200-Day EMA

SHIB Price Chart - Source: Tradingview
SHIB Price Chart – Source: Tradingview

Shiba Inu closed above the 200-Day EMA at $0.000014 on Friday and went up 5.45% in three days. As of Tuesday, SHIB is at $0.000015.Indicators are still bullish. RSI is overbought and MACD is getting stronger. If SHIB stays above the 200-Day EMA, it could go to the May 12 high at $0.000017. If not, it will go back to $0.000013.

JSE Top 40 Holds Above 91,400 as Bulls Target 92,968 Amid Trade Tensions

Posted on by Arslan Butt

SA markets are under pressure but the JSE Top 40 is showing some technical strength. The JSE FTSE All Share closed at 99,057.27 on Tuesday, down 596 points or 0.60%. This is due to investor caution as the economic signals are fragile, tariffs are looming and politics is uncertain. But even as the broader market struggles the JSE Top 40 is holding above 91,400 after a sharp technical breakout – so sentiment and price are diverging.

Much of the market unease is due to the 1.3% decline in the South African Reserve Bank’s leading business cycle indicator for May, following a 0.6% decline in April. Back to back declines is what we feared for growth. And political tensions – partly eased by the removal of a controversial minister – is still casting a cloud over near term stability. The rand was around 17.64 to the dollar, slightly weaker on the day, and the dollar index up 0.1%.

Rate Cut Bets Weigh on Confidence

The South African Reserve Bank (SARB) has a tough balancing act. Inflation is below its 3-6% target range so they could cut rates. But the macro backdrop is cloudy. Since September 2024 SARB has cut rates by 100 basis points. Now with the July meeting approaching the markets are split between another cut or a pause.

The problem is broader than just inflation. US trade tensions, weak global demand and internal fiscal pressures is giving the central bank limited room to move. According to Aluma Capital’s Frederick Mitchell, tightening would strangle long term growth – but cutting too much would spook the markets further.

Factors influencing SARB policy direction:

  • Core inflation is below target so pressure is easing.
  • Political turnover is creating policy uncertainty.
  • Aggressive US tariffs and weak global trade is weighing on exports.

JSE Top 40 Bulls Eye 92,968 as Chart Support Holds

Despite the macro headwinds the JSE Top 40 is showing technical strength. After breaking above 91,400 it’s consolidating just below 91,587. Price is well above the 50-SMA at 89,957.8 and the lower channel boundary and 90,766.8 is the key support zones. The RSI has come down from overbought territory and is currently at 60.78 so it’s a pause not a reversal.

JSE Price Chart - Source: Tradingview
JSE Price Chart – Source: Tradingview

If the bulls get back above 91,587 the next targets are 92,312 and 92,968.4. For now the trend is intact and supported by a broader improvement in emerging market risk appetite. But any new macro shock – like another tariff or inflation surprise – could change the picture quickly.

Levels to watch:

  • Resistance: 91,587, 92,312, 92,968
  • Support: 90,766.8, 89,957.8, 89,891.6

The index holding this structure may be a gauge for broader investor confidence in the weeks to come. Keep an eye on momentum and volume to see if this bullish channel can hold through quarter end.

Chainlink (LINK) Bulls Face Major Inflection at $19.35 – Is a Breakout Imminent?

Posted on by Roy Levine

Chainlink (LINK), the decentralized oracle network, has followed our previous bullish roadmap with precision. As forecasted in our June 29 publication, LINK successfully rebounded from key support levels and has now surged to confront a critical major resistance and inflection point at $19.35.

Chainlink Thumbnail Image
Chainlink Bullish to Natural Looking Thumbnail Image

This level is not just any price barrier—it represents a multi-timeframe convergence of past resistance and market memory, making it a make-or-break zone for Chainlink’s short- to medium-term trajectory.

Technical Picture: Weekly & Monthly Chart Synergy

The Weekly chart illustrates LINK attempting to punch through the $19.35 ceiling, which has proven resilient in multiple past attempts. The strong bullish candles in recent weeks reflect growing momentum and investor confidence. Should LINK successfully breach this resistance on a Weekly close, it opens the door to an extended move toward:

  • $22.20 – interim Fibonacci projection and micro-resistance.

  • $26.35 – next major key-resistance and structural pivot from Q1 2025.

  • $31.00+ – psychological level and multi-month high from earlier this year.

Chainlink Weekly Chart
Chainlink (LINK) Bullish to Natural Weekly Chart

From a Monthly perspective, the breakout attempt is even more notable. LINK is reclaiming levels last seen during its Q1 2025 rally, reinforcing the narrative of a larger bullish continuation pattern. If the momentum continues and price closes above $19.35 on the Monthly timeframe, this could signal a full-scale bullish reversal pattern with potential longer-term implications.

However, bulls must remain cautious. A failure to clear $19.35 cleanly could result in consolidation or even a mild correction back toward $16.00, which now acts as a short-term support cluster.

Chainlink Monthly Chart
Chainlink (LINK) Bullish to Natural Monthly Chart

Technology & Ecosystem: Gaining Strength Under the Hood

While price action steals the spotlight, Chainlink’s technology developments in 2025 have been equally instrumental in fueling this rally.

CCIP (Cross-Chain Interoperability Protocol) Expansion

Chainlink’s CCIP continues gaining traction across major L1 and L2 blockchains. In July 2025, integrations expanded to include Base, zkSync Era, and the TON network, enhancing Chainlink’s role as the go-to interoperability solution in DeFi and real-world asset tokenization.

The protocol’s ability to safely transmit messages and tokens across chains is a key value driver, especially as institutions seek robust cross-chain solutions. The growth of CCIP adoption provides strong fundamental backing to LINK’s valuation.

Enterprise Adoption & Tokenized Asset Infrastructure

Chainlink’s Proof of Reserve, Data Feeds, and Automation services are increasingly being used by traditional institutions. Partnerships with Swift, ANZ Bank, and DTCC for tokenized asset transfers are turning Chainlink from a DeFi darling into a full-fledged financial data infrastructure layer.

As RWA tokenization narratives continue to unfold in the second half of 2025, Chainlink is well-positioned to be the bridge between blockchain and traditional finance.

Investor Sentiment & Market Context

The broader altcoin market is showing renewed life following Ethereum’s stability and Bitcoin’s reclaiming of the $118K region. In this context, LINK’s sustained strength is encouraging—especially as it outperforms major L1s like Solana and Avalanche on a relative basis.

Open interest in LINK perpetual futures has surged over the past week, and the spot volume trend shows rising retail and institutional participation, adding credibility to the breakout attempt.

Conclusion: Bullish with a Watchful Eye

Chainlink is now facing its most crucial technical moment since early 2025. A clean breakout above $19.35 would confirm the resumption of its uptrend, likely targeting $26.35 and potentially $31.00 in the weeks to come. Strong fundamentals—driven by CCIP, real-world partnerships, and DeFi adoption—provide a compelling foundation for this bullish narrative.

However, the significance of this level demands respect. Should bulls falter, a healthy retest of lower supports could provide better re-entry opportunities.

Strategy Outlook:

  • Bias: Bullish to Natural

  • Breakout Confirmation: Weekly/Monthly close above $19.35

  • Next Targets: $22.20 → $26.35 → $31.00

  • Short-term Support: $18.70, $17.80

  • Invalidation: Weekly close back below $19.35

All eyes now turn to the next couple of candles. The breakout is in motion—will LINK seize the moment?