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As Bitcoin (BTC) tries to hold the $90,000 barrier, some analysts affirm that the flagship crypto’s bear market signals are becoming clearer, suggesting that a breakdown to new lows could be around the corner. Related Reading: Dogecoin Could Stage A 600% Rally In 2026 If This Multi-Year Support Holds Bitcoin Bear Flag Raises Concerns On Friday, Bitcoin shredded its Thursday gains, dropping 3.2% intraday to retest the $89,500-$90,500 support zone once again. The cryptocurrency has been trading between the $84,500-$94,500 range for the past four weeks, briefly falling to a seven-month low of $80,600 during the late November correction. This week, the flagship crypto’s price has seen more volatility, fueled by the expectations of the Federal Reserve’s interest rate cut and positive regulatory developments in the US. However, BTC has failed to successfully break and hold above its local range’s upper boundary after multiple retests, ultimately falling to the mid-zone of its range. Analyst Ted Pillows highlighted a concerning pattern on Bitcoin’s chart, warning that the cryptocurrency risks a drop to new multi-month lows if the price fails to hold key support levels. Per the post, BTC has been forming a bear flag for nearly a month, which “is too hard to ignore” after the price continues to be rejected from the formation’s upper boundary. The analyst affirmed that this pattern follows a trend that has been developing over the past two months. As he pointed out, bearish flags have been continuously forming on BTC’s chart since the October 10 market pullback, with each pattern resolving in a breakdown to lower levels. To Ted, the new formation signals “that the overall trend is still to the downside.” He suggested that a close above the $96,000 level would invalidate the bearish pattern. On the contrary, a drop to below the $86,000 support, where the formation’s lower boundary is located, could push Bitcoin to the April lows, around the $76,000 mark. Is The 2022 Playbook Repeating? The market observer also noted a resemblance between the last cycle and the current one, which could lead to a drop below the $70,000 level. The chart shows that after losing the 50-Week EMA indications, Bitcoin consolidated within a bear flag before breaking down and descending to the 2022 lows. Now, BTC displays a similar performance after losing the 50-Week EMA and breaking down from its October bear flag. “If this plays out, a pump to $100,000 and then a dump below $70,000” would follow, the analyst added. Meanwhile, Robert Mercer shared a similar perspective in a series of X posts. The analyst affirmed that the classic four-year cycle has not changed despite the significant increase in institutional adoption: Bitcoin is breaking crucial supports one by one and entering a bear market. The same happened back in the end of 2021. At the moment, BTC is forming an ascending channel with the top near $100,000 – $104,000, you can see a clear Right Shoulder of H&S in this move. Something similar happened in the beginning of 2022. He also asserted that Bitcoin shows a similar picture “from the 1W MA50 perspective,” as BTC has traded below this indicator for multiple weeks now for the first time in the bullish cycle. Related Reading: Cathie Wood Says Bitcoin Is ‘Climbing Another Wall Of Worry’– Here’s Why Nonetheless, he concluded that “no such breakdown happens without a retest,” forecasting a relief bounce up to $98,000-$102,000, followed by a dump to the support level of $55,000-$60,000. As of this writing, BTC Trades at $89,990, a 2.75% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the start-of-week momentum slows, Dogecoin (DOGE) dropped 5.5% on the daily timeframe, falling to the recent lows once again. Some analysts have suggested that the cryptocurrency is setting the stage for a massive short-term and mid-term rally if the retests of current levels hold. Related Reading: Cathie Wood Says Bitcoin Is ‘Climbing Another Wall Of Worry’– Here’s Why Dogecoin Prepares For $1 Milestone On Thursday, Dogecoin followed the rest of the crypto market and retraced to the $0.136-$0.138 levels. The cryptocurrency has retraced around 50% following the Q4 market downturn, trading within the $0.130-$0.155 price range over the past few weeks. Amid this week’s recovery, DOGE’s price briefly tested the local range highs, trying to break out of this area for the second time this month. However, Wednesday’s volatility, driven by the expectations of the Federal Reserve’s rate cut announcement, led to a 4.6% intraday drop before continuing its descent to the current levels. Market observer Trader Tardigrade highlighted the cryptocurrency’s performance, noting that Dogecoin is holding strong at a key support area despite the pullback, which could “potentially set the stage for a massive surge to $1” next year. According to the chart, DOGE is retesting an ascending support zone that has preceded major moves over the past two years. Since late 2023, this support has been retested three times, marking the bottom of each major corrective phase and serving as a “launchpad” to new highs. Notably, the subsequent rally’s size and duration have seen an increasing trend, with the bounces lasting longer and reaching higher levels after each retest of the two-year trendline. During the first rebound, Dogecoin rallied 87% in eight weeks. Meanwhile, DOGE surged by over 210% in ten weeks after retesting this crucial level. Lastly, it registered a 14-week 442% run between Q3 and Q4, 2024, to its multi-year high of $0.48. With the price currently retesting this level once again, the analyst suggested that a rally to the $1 mark could be brewing if the current levels hold. A bounce from this area could kick off a 610% jump at the start of 2026. DOGE’s Rally To September Highs Imminent? The trader also pointed out that DOGE’s MACD Bullish Crossover “is now happening.” He explained that the cryptocurrency’s trend began shifting from a downtrend to an uptrend on Wednesday, suggesting a significant price move is to follow. He previously affirmed that this setup has preceded previous breakouts this year, with the price surging to new local highs in Q2 and Q3 after each MACD bullish cross. As this setup begins to unfold, the analyst’s chart suggests that the price could bounce to the October levels. Similarly, other market observers hinted that Dogecoin could be preparing for a 60%-120% surge in the short term. Analyst Bitcoinsensus highlighted a classic bullish reversal pattern, a falling wedge pattern, that has been forming since October in DOGE’s chart. Related Reading: All Eyes On Ethereum: Price Attempts Key Breakout As BlackRock Files For Staked ETH ETF After the recent price action, the “price has been slowly bleeding inside this structure and now potentially forming a nice rounded bottom. If we get a decent breakout above the upper yellow line, we could be targeting the 0.20$ area (+60%),” the analyst stated. Meanwhile, AltCryptoTalk recently noted that Dogecoin is retesting “the same weekly demand zone that sparked every major rally in the past,” which could spark a 115% rally to the $0.30 September high if the area holds. As of this writing, Dogecoin is trading at $0.137, an 8% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) is retesting a crucial support area after its price slid 5% from the recent highs and fell below the $90,000 barrier. Some analysts have suggested that the cryptocurrency’s structure remains intact, but warned that it must bounce quickly or risk retesting the November lows. Related Reading: XRP ETFs Record 13-Day Streak As SOL Funds See Largest Outflows Since Launch Bitcoin Retests $88,000 After Rejection On Friday, Bitcoin lost the recently reclaimed $90,000 level, falling to a key support area before stabilizing. The flagship crypto has been attempting to recover from the November market correction, which sent its price to a seven-month low of $80,600. Since reaching its local lows two weeks ago, the cryptocurrency has traded within a macro re-accumulation range, between $82,000 and $93,500, attempting to break out of this zone on Wednesday, when it reached a multi-week high of $94,150. However, as the first week of December approaches its end, BTC has lost the upper area of its local range again, falling below its monthly open and tapping the $88,000 support. Amid the drop, Analyst Ted Pillows noted that BTC has been struggling to reclaim the $94,000 resistance, adding that price “wants to go lower here before another breakout attempt.”  Therefore, he suggested that a bounce back from the $88,000-$89,000 support zone is likely. Altcoin Sherpa affirmed that the ongoing retest would confirm whether the recent bounce was “just lower highs and price is going lower or if we actually have any juice to bounce to like 100k or something.” The analyst outlined two potential outcomes. In the first scenario, the flagship crypto would retrace to the $87,000-$89,000 area and bounce above the $93,000-$94,000 resistance levels. In the second scenario, Bitcoin would continue to move sideways below the local resistance before eventually sliding to the November lows and potentially lower levels. Per the analysis, the leading cryptocurrency must bottom quickly, or it will risk the second outcome. BTC Shows Shallowing Pullback Tendency Analyst Rekt Capital also pointed out that Bitcoin continues to face rejection from the range high resistance. However, he considers that investors should not worry as long as the pullback isn’t as big as the previous ones. If “the rejection is shallower than the previous two, then this resistance will continue to weaken until eventually breached,” he explained, adding that “as long as this weakening continues, BTC should be able to finally breach this resistance over time & try to challenge the multi-week Downtrend above.” Earlier this week, the analyst affirmed that BTC’s consolidation structure will remain intact as long as Bitcoin closes the week above the range lows. He also noted that its Macro Downtrend, which “has been dictating resistance throughout this phase of the cycle,” remains the dominant structural barrier and the level to break. Related Reading: Solana Eyes Major Resistance After $140 Reclaim, But Analyst Questions SOL’s Strength As the price stabilized between the $88,500-$89,350 area, the analyst added that today’s retracement “continues to be a shallower pullback than the previous two,” which keeps the range “‘retrace shallowing’ tendency” intact. He noted that Bitcoin could technically drop into the ascending two-week support trendline, or tap the $86,000 level and still perform a shallower correction than the recent 10% drop. As of this writing, Bitcoin is trading at $89,400, a 2.9% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the market rebounds, Solana (SOL) is retesting a crucial area that has served as resistance since the November pullbacks. Some market watchers suggest that a short-term rally is likely, while others have highlighted potential signs of weakness. Related Reading: Zcash (ZEC) Leads Market Pullback With 24% Drop, Analysts Warn Of Another Crash Ahead Solana Eyes $144 Resistance Solana is attempting to turn the $140 area into support while nearing a key local resistance for the third time in a month. The cryptocurrency has been trading between the $120-$144 levels since mid-November, struggling to hold the high zone of its local range amid the recent market volatility. Last week, it bounced 10% toward the $140-$144 area but plunged to the range lows after Sunday’s correction, hitting a one-week low of $123 on Monday. As a result, it tested an ascending trendline that has served as support since 2023. Ali Martinez explained that during the pullbacks, SOL has retested this key support trendline. Notably, each time the cryptocurrency has tapped this trendline, it has registered strong rebounds in the following months, suggesting that the price could rally more than 80% in the mid-term if this support holds. Following Tuesday’s market rebound, SOL climbed back to the range’s highs, attempting to break above the local range once more. Market observer More Crypto Online affirmed that Wednesday’s rejection from $144 was expected, as it has been a strong resistance for weeks. The trader considers that investors should not worry as long as the mid-zone of its range, between the $134-$139 levels, holds as support. “It’s not really a breakdown yet; we just have a first sharp pullback,” he affirmed, emphasizing that there’s no evidence that bears are taking the lead. He noted that breaking below the mid-zone of its range would open the door to a retest of the recent lows and potentially risk a drop to the $117 area or lower. Nonetheless, if bulls take the lead and reclaim the $144 level as support, it will open the door to a retest of higher levels, including the $163 level, where the major next sell wall for SOL is situated. Is SOL’s Crucial Support Weakening? Meanwhile, Rekt Capital shared an analysis on longer timeframes, pointing out that Solana has been moving within a clear macro range, situated between the $123 and $296 levels, in the monthly timeframe, clustering in this area since early 2024. Per the analyst, the cluster has been developing for an extended period, and the potential for distribution and its function as a re-accumulation structure decreases the longer it continues. Despite this, he emphasized that the focus is on the 21-month horizontal support level. As the analysis noted, Solana recorded a 140% rally during the first major rebound from the region in Q3 and Q4, 2024. In the second rebound from this support, which started in Q3 2025, SOL saw a significantly smaller rally, surging around 100% to its September local high. Now, the cryptocurrency is rebounding from this level, which could confirm a decreasing trend for the altcoin and raise the alarm about its strength. “While it is positive to see this rebound, if the move turns into a weaker rebound than the previous ones, then questions will arise regarding the strength of this support,” Rekt Capital asserted. Related Reading: Bitcoin (BTC) Price In A ‘Vulnerable Technical Environment’ – Key Levels To Watch To prevent this, Solana must breach the one-year downtrend or the multi-week downtrend on the weekly timeframe. “Failing to break either of these trendlines would produce a smaller rally because the prior rebound — the one that rallied around 100% — would fall short and reject from these downtrends instead.” The analyst concluded that a sequence of progressively smaller bounces “would imply increasing weakness into that support, which in turn would favour the potential for distribution in Solana over time.” Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) began the week dropping nearly 10% from the recent highs and retesting the $84,000 area before bouncing. As price risks more downside with early bear market signals, a market observer suggested that the upcoming weeks will be crucial for BTC’s future path. Related Reading: Zcash (ZEC) Leads Market Pullback With 24% Drop, Analysts Warn Of Another Crash Ahead Bitcoin Holds Key Weekly Range Last week, Bitcoin led the brief market recovery, surging from its seven-month low of $80,600 toward the $93,000 area, retesting a key weekly re-accumulation range between these two levels. However, the Sunday correction sent the price back to the range lows, raising concerns about the flagship crypto’s short-term future. Analyst Rekt Capital highlighted that BTC is stabilizing within its weekly range, holding its position above the $82,000 range low. This area marks the top of an early 2025 liquidity cluster that developed around the 50-Week EMA, where the price has tapped with three downside wicks over the past month. “Last week’s Weekly Close above the Range Low enabled a relief move toward $93,500,” the analyst explained, “but that level acted as clean resistance,” after Friday’s rejection. To the analyst, maintaining stability around the weekly range lows is important because further downside wicking into the cluster is probable. However, he noted that the consolidation structure remains intact as long as BTC’s price continues to hold above the range low in the weekly timeframe. Rekt Capital added that Bitcoin continues to trade below a sharply declining Macro Downtrend that “has been dictating resistance throughout this phase of the cycle.” Per the analysis, “A breakout soon would require reclaiming higher price levels, whereas a later attempt would meet the trendline at lower valuations, narrowing the distance between the current price and resistance.” “In either case, the Macro Downtrend remains the dominant structural barrier, and Bitcoin’s path forward depends on whether consolidation near the Weekly Range Low can bring price closer to a meaningful test of this sharply descending level,” he continued.   BTC’s Vulnerable Technical Environment Raises Alarms Rekt Capital also highlighted that BTC remains below the 21-Week EMA and 50-Week EMA, which could pose a problem for its future price action as the distance between these moving averages continues to narrow. As he detailed, when these EMAs compress and ultimately cross, it tends to precede further downside. Although it usually takes weeks after the crossover for price acceleration to “fully unfold,” it still implies that the crossover risk is increasing. The two EMAs currently represent potential resistance levels on future relief attempts, with the 50-Week EMA retest “leaving room for a future rejection if price revisits it.” Related Reading: Revisiting $85,000: Bitcoin Price Drop Linked To Japanese Government Bonds This position, the analyst explained, places BTC in a “vulnerable technical environment” as “the convergence of the EMAs toward the Macro Downtrend creates a layered zone of resistance that will be difficult to overcome unless price can reclaim one of these moving averages and stabilise above it.” Until Bitcoin successfully turns one of the EMAs into support, “the structure resembles the early-stage clustering seen in prior cycles where EMAs compressed before a broader bearish continuation,” the analyst concluded. As of this writing, Bitcoin is trading at $88,294, a 2.3% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the whole crypto market bled, Zcash (ZEC) started December with a massive one-day pullback, leading the losses among top cryptocurrencies. While some market observers suggest that the altcoin is positioned for a major move, others have warned that the price risks another major correction in the coming weeks. Related Reading: Is Strategy Buying Bitcoin Again? Saylor’s ‘Green Dots’ Suggest Yes Zcash Loses Key Support Levels Amid Crash Following the late Sunday market correction, Zcash has lost crucial levels and fallen to one-month lows. Over the past three months, the cryptocurrency has seen a parabolic rally, surging over 1,775% to its all-time high (ATH) of $750 in early November. Since its ATH rally, the altcoin has been trading within the $440-$720 levels, bouncing between the range’s upper and lower boundaries amid the recent market volatility. However, the end-of-November pullback saw ZEC’s price unsuccessfully retest its key support area, closing the day below this area for the first time in nearly a month. After losing this zone, Zcash continued to drop below other key support levels, breaking down the $400 barrier and hitting a local low of $328 on Monday morning before bouncing to the $340 area. Amid this performance, some market observers warned that the altcoin could be in trouble and further bleeding may occur in the coming weeks. Sjuul from AltCryptoGems highlighted that ZEC registers the biggest price drops in the weekly and daily timeframes, with declines of 40.2% and 24%, respectively. The analyst previously pointed out that the cryptocurrency lost its uptrend after falling below the EMA200, recording “a perfect bearish retest followed by a strong rejection” last week. As a result, Sjuul suggested that if Zcash did not reclaim the key moving average, the cryptocurrency would be positioned for a breakdown to lower support levels. Similarly, Altcoin Sherpa considers that ZEC could drop another 30%-40% to the $200 area after losing the crucial $440 support. Nonetheless, he added that the price will likely see short-term bounces during its retracement. ZEC’s Correction: Nothing To Worry About? Mert Mumtaz, Helius co-founder and CEO, affirmed that a correction after a 700% rally “is normal,” adding that the privacy token “looks great” on higher timeframes. Notably, the cryptocurrency still shows 700% and 485% increases on the three-month and one-year timeframes. The CEO also highlighted Zcash’s strengths: “privacy is not a narrative, private money is the entire purpose of crypto,” suggesting that the altcoin is positioned to challenge other leading cryptocurrencies like XRP in the future. Meanwhile, another pseudonym market watcher considers that Zcash is preparing for a big move despite the correction. According to X analyst Make Sense, the cryptocurrency is at a make-or-break level after falling to the $320 mark, its first major support area below the November range. If ZEC holds the current range, the price could reclaim its recently lost range and bounce to its $500-$600 mid-range. On the contrary, if it loses its current levels, the cryptocurrency could retest the $280 and even $200 area, he affirmed, before a trend reversal. Related Reading: Will Bitcoin (BTC) End 2025 In Green? November Close May Hold The Key “This is where market makers decide the next trend: bounce early → mid-range rally or deep sweep → full trend reversal. Either way, volatility is about to explode,” he explained. As of this writing, Zcash is trading at $338, a 20% decline in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

While the crypto market bounces from last week’s correction, Bitcoin (BTC) is attempting to reclaim a crucial area as support to continue its recovery rally. As the flagship crypto faces some resistance, some market watchers have suggested that this week’s close may be key for its end-of-year performance. Related Reading: Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead? Bitcoin Faces Rejection Ahead Of November Close Bitcoin has retested a crucial resistance level for the first time in a week, hitting a one-week high of $93,092 on Friday morning before retracing. The flagship crypto has failed to hold crucial support levels throughout the November corrections, trading below $100,000 for nearly two weeks. A week ago, BTC plunged below $90,000 during the latest market correction, reaching a seven-month low of $80,600. However, the cryptocurrency led this week’s broader recovery, reclaiming key levels over the past few days. Amid its recent performance, some market observers have noted that Bitcoin is currently retesting a crucial re-accumulation region, between $82,000 and $93,000, where the price consolidated after previous pullbacks, including the Q1 market correction. Analyst Rekt Capital highlighted that BTC rebounded more than 7% from the local bottom and has revisited the range high resistance during Friday’s recovery. Now, Bitcoin is attempting to hold the high zone of its local range, retesting the $90,000-$91,000 area as support after being rejected from the key resistance. Previously, he pointed out that last week’s weekly close aligned with the flagship crypto’s monthly range, setting the stage for a potential floor around the $86,000 area, which would develop a new range between this level and the $93,000 resistance. To the analyst, Bitcoin must close the week, which also coincides with November’s monthly close, above $93,5000 and turn this level into support if it wants to further build on its newfound momentum and potentially revisit its two-month downtrend line, which currently sits near the $96,000 mark. “The ~$93500 level happens to be a Four-Year Cycle level. History suggests price should be able to find a way to 12-month close above ~$93500 to finish 2025 green,” Rekt Capital added on X. $98,000 Rally or $88,000 Drop Next? Market watcher Ted Pillows discussed BTC’s short-term future as it faces some resistance around the $92,000-$93,000 levels. To the analysts, reclaiming this area could propel the price towards the $98,000-$100,000 barrier in the coming weeks. On the contrary, he suggested that failing to reclaim this level will send Bitcoin’s price below the $88,000 mark. Earlier this week, Ted warned that this was one of the most important levels to reclaim and hold as support in the short term, as a rejection from this area could trigger a significant drop below the recent lows. Similarly, Daan Crypto Trades noted that the constant sell-off of the past few weeks has created “a ton of marginally lower highs, creating such a big liquidity pocket” between the $97,000-$98,000 zone. This region also aligns with key horizontal price levels in bigger timeframes, making it a “good area to watch,” as BTC continues to consolidate in a relatively tight range. Related Reading: Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump The trader considers that if BTC’s price breaks down, the $88,000 mark could be a good place for a higher low. However, if the price holds above the $91,800 level, it may trigger another retest of the $93,000 resistance. Ultimately, He warned that the market could likely see a “Choppy environment in the short-term surrounding Thanksgiving, which always sees pretty low volume & liquidity.” As of this writing, Bitcoin is trading at $90,500, a 1.1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Despite the XRP price struggling to stay afloat in the current market, it has not deterred the bulls from continuing to push for higher prices. This is amid the XRP ETF launches that have taken place over the last week, X triggering a significant amount of inflow into the cryptocurrency. The calls for new all-time high prices to surpass its 2018 $3.84 peak have only grown louder, with timelines getting shorter. This time around, one analyst has predicted a new all-time high, with what they call a “true Elliot Wave view.” Why XRP Price Could Still Gun Above $4 In an analysis shared on X with over 35,000 followers, crypto analyst XForce Global has put forward the idea that the Elliot Wave Theory has not completely played out for the XRP price. So far, the belief has been that the XRP price has completed the last and final wave and could be headed into a bear market. However, the crypto analyst doesn’t believe this is the case. Related Reading: XRP Price Will Climb Above $10 When This Happens: Analyst XForce Global points to the fact that analysts who use the Elliot Wave theory could struggle with the chart they shared. But this chart apparently removes all of the market inefficiencies, allowing the XRP price to be viewed through a clear lens. The analysis suggests that the altcoin could see a bullish continuation, running a flat route upward after hitting support above $1.87. Such a surge would put the XRP price on the path above $4, with the digital asset possibly topping above $5. In the event that the price does crash further than the current local lows, the analyst believes that an expanded flat route beginning above $1.6 would still trigger a similar outcome. Both rallies are expected to push the XRP price above $4 and then top toward $6. Major Factor To Drive Price Explosion One major factor that analysts have put forward to drive an XRP price explosion is the launch of XRP ETFs. With more than 3 XRP ETFs now trading in the US, analyst Chad Steingraber has outlined how their launch could affect the altcoin’s price. Related Reading: Financial Strategist Debunks Prediction That Bitcoin Price Will Reach $220,000 In 45 Days Steingraber explained that, so far, the XRP price had been seeing some uptick during ETF trading hours, and then declining during off-hours. This is building pressure and momentum, and is expected to accumulate over time. The result of this is supposed to be a major price explosion in the next few months, possibly pushing XRP to new peaks. Featured image from Dall.E, chart from TradingView.com

Ethereum (ETH) is attempting to bounce from the market’s Q4 correction, retesting the $3,000 barrier once again. As we approach the end of November, some market observers have suggested that the end-of-year rally may still be possible in the coming weeks. Related Reading: XRP ETFs Outshine BTC, ETH, And SOL Funds With $164M Single-Day Inflows Ethereum Eyes $3,000 Ahead Of Key Upgrade On Wednesday, Ethereum experienced a 4.4% daily surge, retesting the $3,000 level for the first time in nearly a week. The cryptocurrency has been trading within the $2,680-$2,980 price range amid the latest market-wide correction, which also saw Bitcoin (BTC) lose some crucial support levels. At the start of the week, the King of Altcoins broke above the $2,900 area, attempting to retest the next key resistance over the past two days but ultimately failing to reclaim it. Analyst Ted Pillows highlighted this performance, noting that ETH “tapped the $2,950-$3,000 zone again and got rejected.” Per the post, until Ethereum successfully reclaims this level, “the chances of a new low are high.” On the contrary, if the cryptocurrency breaks above this zone with strong volume in the coming days, investors could “expect a rally towards the $3,400 level.” The analyst also suggested that the altcoin could see a remarkable recovery rally next week, driven by the upcoming Fusaka upgrade. As he explained, ETH soared around 50% after the network’s Pectra upgrade in May. As reported by NewsBTC, the upgrade introduced a series of improvements to increase transaction capacity, enhance efficiency, and reduce system stress. Following the implementation, the cryptocurrency rallied from the $1,800 level to the $2,700 area in a week, which was later followed by an 80% jump in Q3 to its latest all-time high (ATH) of $4,946. Now, the Fusaka upgrade is the network’s biggest update since The Merge and is expected to come on December 3, “to relieve one of the network’s most pressing bottlenecks: data availability for rollups,” VanEck explained in October. Based on this, Ted Pillows suggested that if ETH repeats its post-Pectra performance with the new upgrade, the altcoin’s price could soar above the $4,000 resistance in the next few weeks. End-Of-Year Rally Underway? Market watcher Merlijn The Trader also suggested that Ethereum could see another leg up soon, as it is “repeating a textbook wave structure” it has printed multiple times since hitting the bear market bottom in mid-2022. “Wave 1: Kicked off the cycle. Wave 2: Is shaking weak hands. wave 3: Where parabolas form,” the trader explained on X, noting that ETH could be ending its corrective move and potentially see another rally in the coming weeks. “This pattern printed 3 times before. Each time, ETH went vertical. Now it’s flashing again,” he stated. Similarly, Michaël van de Poppe highlighted Ethereum’s trading pair against Bitcoin, affirming that investors should keep an eye on the chart. Notably, ETH is retesting a multi-month downtrend line resistance against BTC, and could “see a strong breakout upwards in the coming weeks.” “This cycle is far from over,” van de Poppe added. Related Reading: Bitcoin’s November Crash To Continue If This Level Isn’t Reclaimed, Analyst Warns Meanwhile, Rekt Capital noted that Ethereum Dominance continues to occupy an area that served as a consolidation zone before the 2021 rally. “As long as ETHDOM can maintain itself above 10.05% then it should be positioned for higher market dominance levels over time,” the analyst concluded. As of this writing, ETH trades at $3,023, a 2% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

The XRP price is showing signs of recovery after crashing under $2 earlier last week due to broader market volatility and decline. With its renewed momentum, analysts are now sharing optimistic projections about its future trajectory. New reports from market expert, Egrag Crypto, highlight the reappearance of a crucial technical signal that could trigger a major trend reversal for XRP. Based on the formation of this signal, XRP may be positioning for an explosive price surge that contradicts the previous bearish developments. XRP Price Chart Forms Bullish EMA Cross Signal Egrag Crypto has described the cross between two key Exponential Moving Averages (EMA) as “the real signal.” In his X post shared on Monday, he presented an in-depth review of XRP’s 3-day chart, focusing on the interaction between the 50-day and 200-day EMA and predicting how this technical signal could impact the cryptocurrency’s future price action.  Related Reading: Attack On Cardano Founder Leads To Network Halt, What Really Happened? Egrag Crypto emphasized that many traders have interpreted the narrowing distance between these two key EMAs as the early stages of a bear market. However, his analysis shows that this interpretation does not match the XRP’s technical structure. For a genuine bearish cross to confirm a downward trend, XRP’s price would need to fall decisively below both EMAs as overall momentum begins to weaken. Currently, XRP sits above the 200 EMA, with the long-term trend line still rising, indicating underlying strength rather than a classic bear market setup. This suggests the cryptocurrency may be gradually building momentum to break out of its ongoing downtrend and move to higher levels.  Egrag Crypto’s chart shows that XRP’s present structure contrasts sharply with its 2018 setup. During that cycle, XRP’s price had collapsed long before the two EMAs crossed, implying that the bearish crossover signal was more of a confirmation than the cause of the weakness. Based on the chart analysis, XRP’s present market structure lacks the characteristics of this historical event, suggesting that the cryptocurrency may be holding firm at levels that could yield more bullish outcomes than before.  Where The XRP Price Is Headed  Continuing his analysis, Egrag Crypto explained that the latest XRP chart setup looks more like the structures seen before its historic bull rallies in 2017 and early 2021. During those bullish cycles, the 500/200 EMAs had tightened, and XRP had remained above the 200 EMA.  Related Reading: Will The Low XRP Price Force Ripple To Dump Its Holdings? Exec Answers Community Egrag Crypto noted that the market also entered a compression phase in both years, leading to sharp increases in volatility and explosive price surges. According to the analyst, each time XRP emerged from these conditions, it produced some of its most aggressive vertical moves.   Notably, XRP’s current price chart reflects similar patterns. Egrag Crypto has said the cryptocurrency may be experiencing “late-cycle consolidation” rather than the beginning of a prolonged downtrend. Compression phases of this type often indicate that momentum is building beneath the surface. Based on its structure, the analyst has predicted that the XRP price is likely to head toward its final upside leg rather than a completed top.  Featured image created with Dall.E, chart from Tradingview.com

As Bitcoin (BTC) attempts to reclaim the $88,000 area, some market observers believe that the recent lows marked the bottom, and a price recovery rally is underway. Nonetheless, other analysts have warned that the flagship crypto’s November pain could continue if the current levels don’t hold. Related Reading: Why XRP Price Crash Below $2 Is Not A Problem – $20 Is Still The Target Bitcoin Finds Local Support On Monday, Bitcoin continued its price recovery from the latest correction, nearing a key resistance for the second consecutive day. Throughout November, the cryptocurrency has struggled to hold multiple crucial levels amid the crypto market volatility, falling below the $100,000 psychological barrier and trading around multi-month lows. Last week, BTC plummeted below the $90,000 level for the first time since April, reaching a low of $80,600 on Friday. Over the weekend, the flagship crypto’s price stabilized, trading between $84,000-$87,000 and briefly retesting the $88,000 resistance before being rejected. Arthur Hayes, co-founder of crypto exchange BitMEX, suggested that Bitcoin’s price will benefit from “minor improvements” in US liquidity trends. In a Monday X post, he forecasted that the price would likely chop below the $90,000 level in the coming weeks, potentially dropping to the $80,000 level once more, but ultimately holding. Similarly, analyst Rekt Capital asserted that Bitcoin is revisiting a key re-accumulation region between $82,500-$93,000, where the price consolidated in Q1 2025 after losing the upper boundary as support. This is where Bitcoin built its base before reversing upward earlier in the cycle, and it continues to define the bottom boundary of the current structure. Together, these levels establish a clear Monthly Range between $82.5k and $93k, framing the broader context for this phase of consolidation. The analyst also highlighted that BTC’s weekly close above the $86,000 level aligns with the crucial monthly range, adding that its price could now begin building a floor around this area to develop a new range between this level and the $93,000 resistance. To him, investors shouldn’t worry if price downside wicks into the liquidity pool between $78,000-$86,000 “as long as general stability persists” at the current levels. No BTC Party Until 2028? Market observer Ted Pillows noted that Bitcoin was unable to reclaim the local highs in the daily and weekly timeframe, suggesting that if the $88,000-$90,000 zone is not successfully turned into support soon, its price could drop toward a new monthly low below the $80,000 mark. Meanwhile, Crypto Bullet shared a bearish outlook for the flagship crypto, affirming that BTC “will not make a new ATH until 2028” based on historical data. He explained that if BTC is repeating its four-year cycle performance, its price potentially reached its cycle top in October and is entering a new corrective phase. The analyst pointed out the similarities between the 2021-2022 bull run and the current one. According to the chart, BTC hovered within an ascending channel, with price rallying to the upper boundary for a second time after a key retest of the ascending support level. Related Reading: Attack On Cardano Founder Leads To Network Halt, What Really Happened? However, when Bitcoin retested the channel’s lower boundary a second time, its price bounced to the channel’s mid-zone before being rejected at the 50-week Moving Average (MA) and losing the multi-year pattern. As BTC is currently retesting the key ascending support, the analyst suggested that BTC will likely retest the $110,000 area in the coming weeks before retracing around 60% to the $40,000 area in 2026. As of this writing, Bitcoin is trading at $88,692, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the market bleeds red and most altcoins lose crucial levels, some have suggested that investors must reshape their expectations of the crypto market this cycle and the long-awaited “alt season.” Related Reading: BitMine’s Unrealized Losses Hit $3.7B As Ethereum (ETH) Price Struggles Below $3,000 Old Crypto Cycle Is Gone – Analyst Over the past month, the crypto market has wiped out over $1 trillion in market capitalization due to a series of large-scale liquidations and strong selling pressure since the October 10 pullback, which has sunk investors’ sentiment to its lowest levels in months. Amid this performance, the early Q4 rally buzz has faded, and most altcoins have lost the ground gained during the Q3 market breakout. Market observers have shared their outlook on how the crypto market has changed and what to expect in the future. In October, Nic Carter, crypto investor and partner at Castle Island Ventures, weighed in on the shift in retail sentiment regarding most altcoins. As reported by NewsBTC, he affirmed that the bearish sentiment means the space has matured significantly. Carter explained that crypto is “boring” now because most of the uncertainties that drove much of the historical volatility have been resolved, adding that the industry has also largely derisked as a technological substrate. The investor considers that “crypto natives no longer control the narrative, there’s more serious businesses (which don’t require tokens), there’s less chaos, the whole space has matured significantly.” In a Friday thread on X, the Altcoin Sherpa also discussed the market changes, affirming that the “old cycles” have been “dead” for a while. As he explained, the previous cycles consisted of an euphoric phase, a corrective phase, and an accumulation phase before the start of a recovery phase. He highlighted the performance of Altcoins like Solana (SOL) between 2020 and 2024, noting that “this market environment is gone.” Instead, the analyst believes that the market is in a “hyper-accelerated regime.” Altcoins In A ‘Hyper-Accelerated Regime’ Under this new regime, the market experiences short-term uptrends followed by mid-term downtrends, similar to the price action of altcoins like BONK since late 2023, Altcoin Sherpa added: We have 1-3 months of pump followed by 2-6 months of downtrend and rinse repeat. There is no more euphoria where things go berserk for an entire year. Just 1-3 months and then down. Look how many cycles BONK had in a year or 2. The analyst suggested that investors should not expect 2021 conditions for most altcoins or a traditional “Alt Season,” where most tokens experience massive gains at once. He advised to capitalize when the “good times” arrive and be aware that “price can still die in 3 months.” “Reframe your brain in how you think about alt pumps and ‘alt season’. Coins will still downtrend, just not in a slow bleed. More [of] an accelerated destruction + carnage, Altcoin Sherpa detailed. Related Reading: This Altcoin Soars 20% In One Day Following Major Saudi Arabia Partnership He also noted that, unlike previous cycles, altcoins will also recover “a bit quicker than before,” and won’t take over a year to bottom and accumulate before a new leg up begins again. However, Sherpa affirmed that the lack of an accumulation phase will mean that “the overall coins will NOT have as strong of pumps like they used to,” as that period is what makes the rallies strong. “We aren’t seeing anything close to that anymore,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the second wave of crypto-based Exchange-Traded Funds (ETFs), Solana (SOL)-based investment products have been leading the charge, fueled by strong demand despite the recent market volatility. As a new group of investment products based on the altcoin hits the market and SOL’s price starts to recover, some suggest that a rebound could be underway. Related Reading: Analyst Shares Worst-Case Scenario For Bitcoin (BTC) As Price Shows Concerning Signs Solana ETFs Take Over The second wave of Solana ETFs has arrived in the market after the successful launch of SOL-based investment products. On Monday, VanEck debuted its Solana ETF (VSOL) on Nasdaq, becoming the third investment product based on the altcoin to launch over the past month. According to the announcement, the firm is waiving its 0.30% fee on the first $1 billion in assets under management (AUM) or until February 17, 2026. Meanwhile, its third-party staking provider will also waive its fee for staking services under the same conditions. Adding to the momentum, Fidelity and Canary Capital launched their FSOL and SOLC ETFs on Tuesday, after recently filing 8-A forms with the Securities and Exchange Commission (SEC). Senior Bloomberg analyst Eric Balchunas noted that Fidelity is “easily the biggest asset manager in this category with BlackRock sitting out,” adding that it is “Game on” with the other launches. Meanwhile, Nate Geraci also highlighted the new launch, but expressed surprise that BlackRock is “sitting this one out” as many anticipate a successful performance. Notably, Bitwise and Grayscale debuted their BSOL and GSOL ETFs at the end of October, registering a record-breaking performance since their launch. Farside Invest data shows that SOL-based investment products have recorded over $390 million in inflows, with 15 consecutive trading days of positive net flows, signaling strong institutional demand for the products. In a Tuesday X post, Bitwise’s CEO, Hunter Horsley, noted BSOL’s positive performance despite the market correction, affirming that “prices are in the eye of the beholder.” “ETF investors continue to buy the dip. Grateful for the trust in Bitwise to steward investor assets,” he added. Institutional Demand To Fuel SOL’s Rebound? Amid the Tuesday launches, SOL’s price bounced 8.4% from its five-month low of $128, recorded on Monday. The cryptocurrency has declined 12% over the past month, losing crucial levels during the market correction. However, Bybit recently suggested that the newly launched investment products could reshape “its price trajectory and market structure for years to come.” In a recent report, the crypto exchange’s analysts noted that the altcoin joined Bitcoin (BTC) and Ethereum (ETH) as one of the few digital assets with regulated brokerage access in the US. This “represents a structural shift in how SOL is accessed, traded and perceived,” significantly expanding SOL’s investor base and confidence. “If historical patterns hold, Solana could be on the cusp of a multi-quarter rally that redefines its position in the crypto hierarchy,” the exchange affirmed. Analyst Ted Pillows pointed out SOL’s price action, calling it “one of the worst-performing large caps recently.” However, he argued that, because of this, most of its downside liquidity has already been taken out, with “decent liquidity clusters around the $170-$200 level.” Related Reading: Crypto Market Wipes Out $1 Trillion Since October: Analyzing The Forces Behind The Crash To analysts, if the market starts to recover and stabilizes, Solana could rally 20%-40% to retest this area. Meanwhile, Daan Crypto Trades affirmed that SOL is “putting in quite the reversal relative to its BTC pair,” as the cryptocurrency has broken out of a three-week downtrend against Bitcoin after some failed attempts. As of this writing, Solana is trading at $141, a 25.3% decline in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

While Bitcoin (BTC) continues to lose crucial support levels, an analyst has shared three possible scenarios for the flagship crypto’s upcoming performance, raising the alarm about potential early signs of a bear market. Related Reading: Ripple Exec Addresses Tax Issue On XRP Ledger, Where Does It Go? Bitcoin Price Correction Continues On Monday, Bitcoin reached a new multi-month low after dropping below $93,000 for the first time since May. The cryptocurrency started the week dropping nearly 5% from the $96,000 area and retesting the $91,000 level as support. Notably, BTC has seen a 16% correction from its November opening and has lost multiple crucial levels over the past few weeks, including the $100,000 psychological barrier and the 21-Week Exponential Moving Average (EMA) as support. Most recently, the flagship cryptocurrency closed the week below the 50-week EMA, which has raised the alarm for several market observers. Analyst Rekt Capital noted that losing this indicator is “not something we typically want to see if bullish Market Structure is to remain intact,” adding that “bear markets tend to confirm when price loses the key bullish levels that have supported upside momentum across the cycle.” He explained that Bitcoin has formed clusters of lower lows at the 50-Week EMA across the cycle, which have “helped sustain a broader bullish technical uptrend.” However, BTC is currently forming another cluster below this indicator, instead of approaching the possible macro lower high developing above the 50-Week EMA. As a result, BTC’s recent performance signals the first step of a potential breakdown, the analyst warned: A full breakdown unfolds in three parts: first, a Weekly Close below the key level; second, a post-breakdown relief rally that turns that level into new resistance; and third, downside continuation that completes the bearish confirmation. Early Signs Of A Bearish Trend? Rekt Capital stressed that the 50-week EMA will be crucial in determining whether BTC’s bullish trend and tendency for “benign downside deviations” still hold. He emphasized that if the flagship crypto fails to reclaim this indicator as support and it turns into a resistance, it could be transitioning from its downside deviation tendency to the early stages of a confirmed bearish trend. The analyst detailed that during the early bear markets, “a Weekly Close below the 50-Week EMA is followed by several weeks of post-breakdown relief rallies into that moving average, but those attempts ultimately fail, and the EMA simply acts as resistance until downside acceleration unfolds.” Based on this, he shared three potential outlooks for BTC’s performance. The best-case scenario for Bitcoin would be reclaiming this indicator and successfully ending this correction as a downside deviation, as it would suggest that BTC remains in a bull market. The second-best case scenario would be that Bitcoin sees a multi-week hesitation period below the EMA as it enters the bear market, which could include a brief overextension above this level before a clearer trend resolution to the downside. Related Reading: Bitcoin Price Just Flashed A Death Cross, But It’s Not What You Think Meanwhile, the worst-case scenario would see the cryptocurrency’s price unable to retest the 50-Week EMA, even as resistance, and directly enter the downside acceleration phase. Nonetheless, the analyst noted that, historically, the third scenario doesn’t appear as likely if we have already entered a bear market. Instead, he concluded that the recurring “relief-rally scenario” into the 50-week EMA before downside continuation seems more likely. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the recent market volatility, SUI is attempting to hold a key level as support following its breakout from a local resistance. Some analysts have suggested that if momentum holds, the altcoin could be preparing for a 50% rally to the next major resistance. Related Reading: Ethereum (ETH) Reclaims $3,500 Amid Market Rebound, Analysts Forecast December Take-Off SUI Recovers Major Support Zone On Tuesday, SUI retested a crucial area as support after recovering from the recent market crash and breaking out of a one-month downtrend line. The altcoin traded between $2.30-$3.00 after the October 10 correction, when the cryptocurrency briefly crashed by over 87% to $0.50. However, the early November pullback sent the price below the local range and to seven-month low levels. Last week, SUI closed below the $2.00 barrier for the first time since April, briefly retesting the $1.80 area. After bouncing from this zone, the altcoin surged above $2.00, retesting this level as support over the weekend. As a result, SUI’s price started the new week reaching a one-week high of $2.20 on Monday, before retracing alongside most of the market on Tuesday morning. Amid its recovery, analyst Ali Martinez recently highlighted that the TD Sequential indicator flashed a buy signal for the cryptocurrency, suggesting that the bottom could be in and a rally to higher levels is next. The analyst later confirmed the buy signal, adding that “sustained buying pressure here could push it to $3 or even $4.” Adding to the potential momentum, the Sui Network announced a partnership between the exchange Crypto.com and the Sui Foundation, the organization behind the adoption and advancement of the ecosystem. According to the announcement, the exchange has launched regulated custody and liquidity support for SUI, giving institutions’ clients “a secure, compliant way to store, manage, and access deep liquidity for SUI.” Downtrend Breakout Eyes 50% Rally Offering a broader outlook, market watcher Daan Crypto Trades noted that the cryptocurrency continues to trade within its big higher timeframe (HT) area, currently retesting a make-or-break zone. Notably, SUI has been hovering between the $2.00-$4.00 levels for most of the cycle, with the range’s lower boundary serving as a major support zone since late 2024. Now, the price “is holding initially on this higher low,” but must show short-term strength to break out from this area. Per the post, the altcoin has also broken out of its one-month diagonal resistance, which could send the price back to pre-November pullback levels. Currently, SUI’s price is retesting the downtrend line as support, which could turn the correction into a deviation and propel a move back above $2.30. “That’d be a solid sign of strength for me that this might be due for a larger reversal,” the trader added. Similarly, analyst Crypto Kaleo highlighted the recent performance, affirming that “when SUI breaks out of a major downtrend, it rips.” Related Reading: Shiba Inu Derivatives Market Is Taking Off Again, But What Does This Mean For Price? As he pointed out, the cryptocurrency broke out of similar downtrends during the May and July rallies, soaring more than 50% within a week. Therefore, if the altcoin holds the current levels, its price could jump to the $3.00 barrier in the short term. Nonetheless, he warned that the two previous breakouts also saw some volatility after the initial move, suggesting another retest of the downtrend line could happen before the next leg up. As of this writing, SUI is trading at $2.07, a 3.8% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the recent market recovery, Ethereum (ETH) is retesting a key level as support for the first time in a week, leading some market watchers to suggest that the highly anticipated end-of-year run may be delayed for a few more weeks. Related Reading: Trump Media Takes $55M Hit As Bitcoin Holdings Surge In Value Ethereum Eyes Next Key Level On Monday, Ethereum retested a crucial level after reclaiming it during the Sunday rebound. The cryptocurrency has been trading within the $3,100-$3,500 range after last week’s market shakeout, briefly hitting a four-month low of $3,057. Over the weekend, the King of Altcoins reclaimed the $3,400 resistance and soared approximately 7% to the $3,650 level, stabilizing around the $3,500-$3,550 area as the new week started. Daan Crypto Trades noted that the current levels are a crucial area to hold in the short term, explaining that “If the bulls can make that happen, we can start looking to fill up some of that inefficiency that was created during the big flush recently.” Nonetheless, Ali Martinez highlighted that over 869,000 ETH were accumulated around the $3,700 level, forming a major resistance wall in the cryptocurrency’s path to the $4,000 psychological barrier. Martinez also pointed out that the number of mega-whale addresses holding more than 10,000 ETH dropped by nearly two dozen in the past week. Per CoinGlass data shared by the analyst, 23 of the largest Ethereum whales sold or redistributed their holdings between November 4 and November 8. Despite this, large-scale investors continued to bet on the King of Altcoin during the market sell-off. Tom Lee, CEO of BitMine, affirmed that “the recent dip in ETH prices presented an attractive opportunity” to purchase the cryptocurrency. As a result, the company bought 110,288 ETH, worth $400 million, last week, increasing its holdings to 3,505,723 million tokens, or 2.9% of ETH’s total supply. ETH’s Q4 Rally Delayed? Despite the recent recovery, Ted Pillows suggested that Ethereum might not run to new highs this month, arguing that, just like Bitcoin, “Ethereum isn’t showing any correlation with M2 supply.” The analyst explained that this often happens when US liquidity growth is hindered. Based on this, he considers that the second-largest cryptocurrency by market capitalization could consolidate throughout the rest of the month “before taking off in Dec 2025/Jan 2026.” Similarly, analyst Crypto Wolf believes ETH will likely “print a clear higher low” near $3,400-$3,500 this month as “only after that can we realistically target new ATHs into December.” The market watcher highlighted that $3,100 is the next major support zone after the recent shakeout. If this level holds in the higher timeframes, ETH could build a base to retest the recent highs. However, losing this crucial area would be “how the bear market begins.” Related Reading: Dogecoin Price Could See 4,440% Rally To $5 If This Macro Cycle Repeats Meanwhile, analyst Cas Abbé noted that ETH’s recent performance resembles its Q2 price action. At the time, the altcoin briefly broke below its multi-month consolidation range before recovering and rallying 100% to new highs in the next two months. If history repeats itself, Ethereum could be preparing to retest the $3,700-$3,800 resistance soon and potentially record a massive rally by the end of the year. Featured Image from Unsplash.com, Chart from TradingView.com

After failing to close the week above a crucial level, Bitcoin (BTC) is attempting to hold $100,000 as support, leading some analysts to suggest that this is the make-or-break moment for the cryptocurrency. Related Reading: Solana (SOL) Loses Key Support Amid 8% Drop, Risks Major Correction To This Level Bitcoin Plunges To Physiological Barrier On Tuesday, Bitcoin saw a 9% drop from its weekly opening, dropping to the $100,000 area for the first time in months. The flagship crypto has been trading above $105,000 since late June, hovering between $108,000-$120,000 over the past four months. During the early October correction, BTC’s price briefly deviated below these crucial levels, hitting a three-month low of $102,000 before recovering. Since then, the cryptocurrency has struggled to reclaim the mid-zone of its local range, falling to the $106,000-$108,000 area multiple times in the daily timeframe. As the price retested the $100,000 level, Sjuul from AltCryptoGems noted that Bitcoin has now broken below its 10th of October low, which was “the last major level before the $98K low from the Middle Eastern war fud back in June.” Analyst Ted Pillows highlighted that BTC has two massive liquidity clusters on the longer timeframes. Per the chart, the first cluster sits around the $90,000 level, which also coincides with an open CME Gap from Q2. Meanwhile, the second cluster sits around the all-time high area at $126,000. “Given that the market is looking weak now, a dump to fill the CME gap before reversal could happen,” the market watcher warned. However, Ali Martinez suggested that a 5%-11% rebound from the current area is possible. The chart shows that Bitcoin has been trading between $101,300-$124,000 price range since May, bouncing from the lower boundary each time it was retested. If BTC holds this area, it could surge to at least $106,500 or $112,000, the analyst asserted. BTC Retests 50-Week EMA Rekt Capital highlighted that BTC had reached the 50-week Exponential Moving Average (EMA). The analyst explained that after closing below the 21-week EMA, Bitcoin was deviating below its range lows for the fifth consecutive week. The 21-week EMA has served as crucial support during pullbacks since late Q2. However, it was lost amid the recent market volatility. Last week, multiple analysts warned that closing above this level was crucial to turn it back into support and prevent a larger pullback. Per the Tuesday post, the 50-week EMA, sitting around the $100,000 level, “would probably only get tagged on confirmed breakdown from $108k,” meaning that the flagship crypto will need to close the week above this level to maintain its current price range. Similarly, Crypto Bullet pointed out that the 50-week MA retest was “the moment of truth” for BTC. Notably, the cryptocurrency has retested this indicator three times this cycle, marking the bottom of each corrective phase and the start of a new rally to a new all-time high (ATH). Related Reading: Is Crypto ‘Boring’ Now? Bitwise CEO Says The Market Is Changing The market watcher warned that losing this level would mean “it’s lights out” for the flagship cryptocurrency. However, a rebound from this area could set the stage for a price recovery and a potential bullish rally in late Q4. As of this writing, Bitcoin is trading at $100,356, a 6% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the market pullback, Solana (SOL) has hit a new local low after its price fell below a crucial support level for the first time in months. Some analysts have suggested that the altcoin is in a healthy retest of a key area, but others warned that the cryptocurrency risks another major correction if the current levels are also lost. Related Reading: Bitcoin Bull Run: Over Or Just Paused? CryptoQuant CEO Presents The Data Solana Risks 30% Correction On Monday, Solana recorded an 8.3% drop after losing the lower boundary of its three-month range. The cryptocurrency has been trading within the $175-$250 levels after the August breakout, hitting a multi-month high of $253 during the September rally. Since then, the altcoin has retraced nearly 35% to the current levels and failed to successfully reclaim the $200 psychological barrier despite multiple attempts. Following the early October correction, when SOL dropped to $168, the price has repeatedly retested the $170-$180 mark as support, bouncing from this area each time. Nonetheless, the recent market volatility, which sent Bitcoin (BTC) back to the $107,000 mark, has dragged Solana below its crucial support zone to a new local low of $165. Amid this performance, some analysts have suggested that SOL’s pullback may not be over, as the price risks another major correction. Analyst Ali Martinez highlighted the cryptocurrency’s macro range between $100-$260, emphasizing that Solana must reclaim $200 to show strength and potentially target the range highs. He previously affirmed that a confirmed breakdown from the $180 level would set the stage for further losses. Per the chart, the next support level sits around the $158 area, which marks the mid-zone of the macro range and a key support and resistance level throughout the early Q3 run and Last November’s breakout. However, the analyst considers that the next crucial support actually “sits much lower.” As he explained, if Solana fails to bounce from the current levels and reclaim $180, it could face a 30% pullback to $115. Meanwhile, analyst DonAlt affirmed that “It’s probably wise to have a bearish bias between here and $210 and then aggressively flip if SOL manages to flip the $210 resistance.” Investor Bet On SOL’s Long-Term Performance Despite the bearish outlooks, some have suggested that SOL is “showing a clean retest setup” within its long-term support. Trader Elite Crypto considers that SOL’s recent pullback “looks like a healthy correction after months of upward movement.” He noted that the cryptocurrency is still holding a major ascending support zone that has served as a crucial bounce point since 2023. Based on this, the market watcher expects Solana’s price to retest the $158 area before the next leg up. “Overall, I am still bullish on SOL,” he affirmed. Bitwise CEO Hunter Horsley suggested a bullish long-term performance for the leading altcoin. In an X post, he highlighted that the asset management firm “opened a bridge to Solana for many investors” with its recently launched SOL Staked Exchange-Traded Fund (ETF). Related Reading: Is Crypto ‘Boring’ Now? Bitwise CEO Says The Market Is Changing Notably, the second wave of crypto-based ETFs started trading last week, with the SOL-based investment product recording $400 million of inflows on its first four days. According to Bloomberg analyst Eric Balchunas, it led “all crypto ETPs by a country mile in weekly flows.” Horsley highlighted that “ETF investors tend to be long term oriented,” signaling that the cryptocurrency is expected to have an overall bullish performance in the future despite the current price action. As of this writing, SOL is trading at $167, a 17% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Despite the Federal Reserve (Fed)’s announcement of a 25-basis-point rate cut, Bitcoin (BTC) has dropped nearly 4% in the past 24 hours, losing its local range low for the first time in a week. Some analysts have warned that this week’s close is crucial for the flagship crypto’s short-term performance. Related Reading: Ethereum (ETH) Prepares For ‘Last Euphoric Run’ As Whales Go On $135M Buying Spree Bitcoin Price Eyes Crucial Weekly Close On Thursday, Bitcoin dropped below the recently reclaimed $110,000 area, hitting a one-week low of $106,700. Notably, the cryptocurrency has been trading within the $108,000-$120,000 price range since July, but has failed to reclaim the range highs after the early October correction. Amid this performance, Ted Pillows suggested that the market volatility was expected, as BTC has shown a similar price action since the start of Q3. The analyst explained that Bitcoin has dropped 6%-8% after the last three Federal Open Market Committee (FOMC) meetings, but it has also made a new all-time high (ATH) before the next one. According to the chart, BTC’s price reached its local bottom 5-9 days after the meeting, quickly recovering from the drop and rallying to new highs in the coming weeks. As price retests the $106,000 area, Ted predicted that a repeat of the same playbook could happen. However, he warned that Bitcoin must reclaim the $113,500 in the coming days to prevent a larger pullback. “A weekly close below that level will increase the likelihood of a bigger correction,” the analyst explained. Similarly, Rekt Capital pointed out that Bitcoin must close the week above the $114,500 to turn this level back into support. He noted that after the recent performance, a volatile retest of this level would be “perfectly fine” as long price closes above this crucial level at the end of the week. Confirming the Range Low of ~$114k as support would confirm re-entry into the Range, kickstart consolidation within the Range again, and enable a move across it towards the Range High of ~$119000 (red) in an effort to breakout from it and challenge $120k+ once again. Is BTC’s End-Of-Year Rally Still On? Michaël van de Poppe affirmed that $112,000 is the next key area to break before a new ATH, as it has been a crucial resistance level in the daily timeframe for the past few weeks. Per the post, a breakout from this area could set the base for a retest of the $119,000-$120,000 zone. On the contrary, a rejection from this level could send the price toward the $103,000 mark or lower, he warned. “I do think we’ll see a new ATH in November,” the market watcher added.” Meanwhile, Daan Crypto Trades highlighted that BTC is “just playing ping pong” between its key levels and will continue to move within its range until one of the boundaries is successfully broken. Related Reading: Bitwise CIO Predicts Solana Staking ETF Will Be ‘Huge’ As First Day Volume Hits $56M The trader added that November is one of Bitcoin’s best months based on historical performance, which could suggest that a price rally could be near. Notably, 8 out of 12 Novembers have closed in green, with a median return of 10.82%, according to CoinGlass data. Moreover, he noted that the last two months of the year are when the three previous bull runs topped and the past two bear markets bottomed. “Whether it’s on the bullish or bearish side, volatility and big market pivots have been the theme into the end of the year,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com

As the market awaits the Federal Open Market Committee (FOMC) meeting, Ethereum (ETH) is attempting to hold the $4,000 area as support. Despite the volatility, some analysts have predicted that the King of Altcoins may soon start its long-awaited price discovery rally, while whales pour millions into the cryptocurrency. Related Reading: Bitwise CIO Predicts Solana Staking ETF Will Be ‘Huge’ As First Day Volume Hits $56M Ethereum Price Set For $8,000 On Wednesday, Ethereum fell below the $4,000 level once again, falling to a two-day low of $3,926. After a massive Q3 rally, the King of Altcoin has struggled to hold the crucial psychological barrier as support and has been unable to reclaim the $4,200 resistance for most of October. Earlier this week, the cryptocurrency retested the key resistance level after surging 7% over the weekend, but retraced on Tuesday alongside the rest of the market. Amid this performance, some analysts suggested that ETH will likely experience more volatility, fueled by the Federal Reserve (Fed)’s interest rate cut announcement. Daan Crypto Trades noted that ETH’s big test is around its previous cycle highs near the $4,100 level. To the trader, “this is the level to break and hold if the bulls want to get back to the highs in due time.” On the contrary, a new rejection from this area could send the price to retest $3,800 and turn the level into a major resistance in the larger timeframes. Nonetheless, Crypto Yhodda stated that Ethereum is “getting ready for the last euphoric run,” as its performance resembles its 2021 price action, when the altcoin recorded a massive price discovery rally after breaking out of its four-year consolidation. Similarly, analyst Crypto Jelle asserted that shakeouts at key support levels are expected, adding that the cryptocurrency’s rally “still looks very promising.” Jelle highlighted an 18-month bullish megaphone formation on Ethereum’s chart, which it broke out of during the Q3 rally. The analyst emphasized that ETH is still holding the previous highs and the breakout level as support, suggesting that a “hated rally” to the $8,000 target could happen soon. Whales Bet Big On ETH Online reports highlighted that large-scale investors have been on a buying spree despite the altcoin’s pullback. As reported by NewsBTC, Santiment data showed that whales added 218,470 ETH in the past week, signaling that major investors are gradually re-entering the market. Meanwhile, on-chain analytics platform Lookonchain revealed that whales continued to buy ETH over the past 24 hours. Notably, two newly created addresses received a total of 33,948 ETH, worth $135 million, from digital asset prime brokerage FalconX on Wednesday morning. According to Lookonchain, the two addresses likely belong to BitMine, the largest Ethereum-based treasury company, which recently unveiled another 27,316 ETH purchase, worth $113 million. Related Reading: Solana, Litecoin, Hedera ETFs Ready? Experts Expect Tuesday Launch Despite Goverment Shutdown In a Monday X post, BitMine provided its latest holdings update, which now surpasses the $14.2 billion mark. As of October 27, the company holds 3,313,069 ETH, 192 BTC, an $88 million stake in Eightco Holdings for its “Moonshot” initiative, and unencumbered cash of $305 million. A month ago, BitMine revealed it had reached the 2% milestone of its goal to own 5% of Ethereum’s total supply. With the recent purchases, the company has achieved 55% of its goal, currently holding 2.75% of ETH’s supply. As of this writing, ETH is trading at $3,990, a 3.5% drop in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

The crypto market, despite experiencing throughout the year major price fluctuations, security incidents, and legal hurdles, has experienced remarkable growth. This can be attributed to the expansion of digital asset treasuries (DATs), increased institutional adoption, and new initiatives aimed at integrating digital assets, particularly stablecoins, into traditional financial sectors. Andreessen Horowitz (a16z) recently shared their projections for the crypto landscape for the remainder of the year and years to come, highlighting nine key trends expected to be major catalysts for the industry. Key Legislative Changes And Institutional Adoption  Firstly, market structure legislation in the US is expected to emerge as a critical priority for policymakers and Congress, establishing a clear regulatory framework that supports crypto developers.  The passage of the GENIUS Act in July of this year also marked a pivotal moment, garnering bipartisan support and providing builders with much-needed certainty in their endeavors. Related Reading: Canary Capital’s CEO Confirms Spot Hedera And Litecoin ETFs Will Begin Trading Tomorrow Secondly, the adoption of stablecoins is set to accelerate as network effects take hold among financial institutions, merchants, and consumers, thereby enhancing the global standing of the US dollar. Furthermore, major players like JPMorgan, Citi, BlackRock, and Fidelity are amplifying their crypto offerings through new product launches, partnerships, and acquisitions.  The infrastructure supporting blockchain technology is also advancing rapidly. Current networks can process over 3,400 transactions per second, marking a 100-fold increase over the past five years. Moreover, a new wave of real-world assets (RWAs) is transitioning onto the blockchain as the worlds of crypto and traditional finance converge. The market for tokenized real-world assets has expanded to nearly $30 billion, with significant contributions from Treasuries, money market funds, and private credit. The Future Of Crypto In parallel, the crypto sector is attracting a growing pool of talent, driven by a more favorable regulatory environment and the emergence of new opportunities for developers. The focus on revenue generation is also shifting within the token ecosystem. More tokens are implementing fee mechanisms, redirecting attention toward fundamental value. In the past year, users have paid $33 billion in fees, resulting in $18 billion for projects and $4 billion for token holders.  Related Reading: ETF Delays Shake Market Confidence, But XRP’s Volume Spike Supports a $2.9 Bullish Signal Innovative consumer products are also expected to drive the next wave of crypto adoption. Although approximately 716 million people now own cryptocurrency, only 40 to 70 million are considered active users.  Ultimately, 2025 is poised to lay the groundwork and establish the foundations for the years to come. It is expected to be a transformative year for the crypto industry, characterized by widespread institutional adoption, regulatory clarity, and tangible utility.  Featured image from DALL-E, chart from TradingView.com

Pump.fun announced the acquisition of a leading multi-chain trading terminal to further expand its ecosystem, triggering a 10% price surge for the platform’s token, PUMP. Related Reading: BNB Reclaims $1,100 As Binance Founder Receives Presidential Pardon – New Rally Coming? Pump.fun Acquires Padre On Friday, Solana’s leading launchpad, Pump.fun, announced it had acquired multichain trading terminal Padre for an undisclosed amount as part of its “mission to tokenize the world’s highest-potential opportunities.” The platform explained that trading terminals have “captured most trading volumes in the ecosystem” for the past year. Therefore, the acquisition of Padre, which supports trading across Ethereum, Solana, BNB Chain, and Base, “was a no-brainer,” Pump.fun’s co-founder Alon Cohen affirmed. “Today marks another historic day for the PUMP ecosystem. What we’re known for is innovating, growing the market as a whole and creating the most retail-friendly products,” Cohen wrote on X. “But we have always wanted to find more ways to support and reward our existing, loyal user base, most of which uses pro trading terminals,” he continued, adding that “the Padre team has shown the most grit, execution capability and integrity out of any crypto team I have gotten to know.” According to the official announcement, Padre will function as usual, but users will experience significant upgrades in user experience, especially for tokens launched on Pump.fun. Additionally, the integration will improve data and speed, and offer better trading incentives. PUMP Breaks Out Of Bearish Structure Following the news, Pump.fun’s token, PUMP, became one of the best-performing tokens in the past 24 hours, jumping 11.6% to a one-week high of $0.0043. The cryptocurrency has been trading within the $0.0036-$0.0046 price range since the early October correction. Analyst Sjuul from AltCryptoGems noted that yesterday, PUMP was “in a bit of trouble” after retesting the range lows, needing to break out of a bearish structure to prevent a breakdown to lower levels. After today’s rally, PUMP “finally broke that structure,” suggesting that the range high should be the next target for the cryptocurrency’s price. A potential breakout from this range could set the stage for a retest of the $0.005 mark, a key support and resistance level during the Q3 rally that was lost during the October 10 pullback. PADRE Crash Drives Community Backlash Despite the PUMP rally, Pump.fun received some backlash after the acquisition. Padre’s users slammed the memecoin launchpad for one of the key changes listed in the announcement. According to the official X post, trading terminal’s token, PADRE, “will no longer have utility on the platform with no further plans for the future.” As a result, the cryptocurrency dropped 76% in an hour to a multi-month low of $0.009 before stabilizing at around $0.0139. Related Reading: Crypto Market Records ‘Particularly Robust’ Q3 Performance With 16% Active Trader Growth – Report A user criticized the decision, affirming that “when you acquire a product that has been on the market for more than a year, (…) it would be really wise to take into account people that have invested into the token as well.” The user considers that “posting a statement that renders the token absolutely useless and sunsetting it in this way is atrocious,” suggesting that the Pump.fun team should have taken a snapshot and announced an airdrop for PADRE holders. Featured Image from Unsplash.com, Chart from TradingView.com

 BNB has seen a 5.5% price jump following the White House announcement that Binance co-founder has been pardoned by US President Donald Trump, leading some analysts to suggest that a new leg up might be around the corner. Related Reading: Crypto Market Records ‘Particularly Robust’ Q3 Performance With 16% Active Trader Growth – Report US President Grants Pardon To Binance Founder On Thursday, the White House revealed that US President Donald Trump had pardoned Binance co-founder and former CEO Changpeng Zhao, also known as CZ, two years after pleading guilty. In an official statement, the White House’s press secretary, Karoline Leavitt, said that the US President “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.” Leavitt stated that “In their desire to punish the cryptocurrency industry, the Biden Administration pursued Mr. Zhao despite no allegations of fraud or identifiable victims.” In 2023, Zhao pleaded guilty to Anti-Money Laundering (AML) violations while being the CEO of Binance. As part of his plea deal, he stepped down from his position in the crypto exchange and served a four-month prison sentence last year. Additionally, Binance reached a $4.3 billion settlement with the Department of Justice (DOJ). The White House press secretary affirmed that “these actions by the Biden Administration severely damaged the United States’ reputation as a global leader in technology and innovation,” declaring that “the Biden Administration’s war on crypto is over.” Notably, there have been rumors that President Trump could grant a pardon to Zhao after January’s pardon of Silk Road founder Ross Ulbricht. In March, the Wall Street Journal reported that Zhao allegedly had been “pushing” a Binance US deal for a pardon since 2024. However, he quickly denied these claims. In an X post, CZ thanked the Trump Administration, stating that he is “deeply grateful” for the long-awaited pardon and “to President Trump for upholding America’s commitment to fairness, innovation, and justice.” The Binance co-founder also pledged to “do everything we can to help make America the Capital of Crypto.” CZ Pardon Pushes BNB To $1,100 Following the news, BNB saw a 5.5% jump to reclaim the $1,100 mark. The cryptocurrency has recorded a massive rally over the past few months, reaching a new all-time high (ATH) of $1,375 nearly two weeks ago. Altcoin Sherpa highlighted the altcoin’s price action amid the recent market performance. However, he expressed doubt about whether BNB will “continue being the strongest major or not,” at least in the short term. He suggested that Solana (SOL) could have a better performance in the coming weeks, arguing that “both ETH and BNB had incredible runs previously and probably need more time to chill out.” Related Reading: Fetch.AI CEO Offers Reward To ‘Uncover’ Ocean Protocol’s Alleged $120M FET Dump Since last Friday’s correction, BNB has been trading within the $1,050-$1,125 range, failing to break out of the upper level for the past six days. Analyst Open4Profit noted that if the altcoin reclaims the range’s resistance, the price could rally toward its ATH levels and continue its price discovery uptrend toward the $1,500 target. Market watcher CW pointed out that BNB has two key sell walls ahead, one at the $1,180-$1,190 area and another between the $1,200-$1,220 mark, suggesting that the altcoin could face resistance around these levels if the price breaks out. As of this writing, BNB is trading at $1,116, a 10.5% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) started the week recovering 6% from Friday’s drop and attempting to reclaim a crucial area that could set the stage for a trend continuation. However, some analysts have advised caution as BTC’s next leg up could be delayed until December. Related Reading: XRP DEX Volumes Surge As Price Plunges: Smart Money Accumulating? Bitcoin To Move Sideways Until December? After the end-of-week market downturn, Bitcoin has bounced to the $110,000 level and is attempting to turn this area into support again. Notably, the flagship crypto has been trading within the $108,000-$120,000 price range since July. Last week, BTC recorded its second drop below the range lows, falling to the $103,500 mark on Friday. Over the weekend, the cryptocurrency’s price stabilized and reclaimed the $106,000-$108,000 area. Now, Bitcoin has recovered 6.2% from the recent lows and could potentially target higher levels in the short term. Analyst Crypto Kaleo pointed out that BTC’s multi-year ascending trendline has held as support despite the recent retest and overall sentiment turning bearish, suggesting that investors should “be more bullish.” Similarly, Sjuul from AltCryptoGems highlighted that despite the current market sentiment, which shows the Fear and Greed index remains at fear levels, the flagship crypto is “still perfectly holding that flipped resistance level,” around $108,000, and is holding it as support. “Not sure if this is the place to turn bearish. Support is support, until it is not,” the analyst affirmed. Altcoin Sherpa also shared a positive outlook, emphasizing that BTC’s chart doesn’t look “that bad when you zoom out,” as it remains in the same multi-month price range and could challenge the $114,000-$115,000 area. Nonetheless, the analyst cautioned that it may be “too early to really call any sort of bullish reversal,” forecasting that the cryptocurrency will likely see “a ton of chop over the next 6-8 weeks, and we range between 100k-115k and hopefully have a nice December.” $114,000-$116,000 Area Remains Key Rekt Capital stated that as long as the price holds the current levels, it could move to the $114,000 area for a key trend continuation across its range and potentially revisit the highs. To achieve this, the analyst explained that Bitcoin must reclaim its 21-week Exponential Moving Average (EMA) as support, which was lost after Sunday’s close below the $110,000 mark. The 21-week EMA has served as support during pullbacks since late Q2. He explained that the cycle has been one of downside deviations, with price weekly closing below key levels and positioning for a bearish retest before successfully reclaiming these levels as support and rallying higher. Based on this, “it’s not a given that price will reject from the 21-week EMA.” The analyst also shared an outlook for BTC’s range in the monthly timeframe, where it has been consolidating while upside wicking beyond the range high and downside wicking below the range low since July. Related Reading: Dogecoin Price Moves: Can It Repeat The 36,000% Rally ‘Anomaly’ From Last Cycle? “As part of this consolidation, there is a potential Lower High developing which isn’t yet solidified; the upcoming Monthly Close will inform more about whether that indeed will become a resistance,” he detailed Rekt Capital concluded that a monthly close above the Lower High would invalidate the potential setup, and a close above the range high resistance would position Bitcoin for a range breakout, “especially if a November post-breakout retest of $116k into new support takes place.” As of this writing, Bitcoin is trading at $110,850, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As Solana’s (SOL) price attempts to hold a crucial support area, an analyst has warned investors that the highly anticipated “Solana season” might not happen as the altcoin risks a massive price crash. Related Reading: Has The Crypto Treasury Bubble Burst? Tom Lee Thinks So Solana Risks ‘Serious Downside’ On Friday, Solana followed the rest of the market and fell below the $180 support to retest the recent lows. The cryptocurrency started this week by recovering from last week’s correction to its two-month low of $168, briefly attempting to reclaim the $210 resistance on Tuesday. However, the recent market volatility has seen the altcoin lose the $200 level again and retest a crucial support area that could determine SOL’s next move. Amid this performance, analyst Crypto Bullet shared a bearish outlook for Solana, suggesting that a 75% crash from current prices might be coming. In Q2, the market watcher warned that the cryptocurrency’s bull market was “likely over,” highlighting its structure in the higher timeframe chart. Per the post, SOL “had a clear 5-wave Impulse to the upside that ended in January with $TRUMP coin blow off top,” when the altcoin hit its all-time high (ATH) of $293. Based on this, he forecasted that Solana would see an ABC corrective wave pattern in the coming months, with a potential bounce to the $240-$250 area for the B wave, before “the most painful wave down (C).” The analyst affirmed that the cryptocurrency has likely completed the B wave, although it could have a bounce to a new higher high before the breakdown. “The monthly candle still has 2 weeks to close green, but frankly speaking, Solana looks cooked (whether we get a higher high to trap more people or not),” he affirmed. Crypto Bullet cautioned SOL holders that if the C wave has started, they “should be prepared for some serious downside” in the mid-term toward the $40 target. Can SOL Retest $210? Analyst Ted Pillows also cast a warning for investors, asserting that “Solana treasury companies are in free fall right now.” He suggested that the recent dump is partially driven by the halt in institutional bidding. “Until these companies show some recovery, I think Solana’s price recovery will be difficult,” the post read. Despite the bearish predictions, some market watchers consider that SOL’s bullish outlook is still in play. Man of Bitcoin highlighted that Solana’s price is potentially forming a 1-2 setup, which could send its price back to the $200-$210 area. To the analyst, as long as the price holds above the $170 support level, the bullish scenario could continue to play out. Meanwhile, Crypto Yapper noted that Solana is currently retesting a double support in the daily chart, which could set the stage for a 15%-20% bounce. Related Reading: Ethereum Ready For ‘Rapid Expansion’ As Price Holds $3,900 Support – 30% Rally Coming? Per the post, SOL’s price is retesting the lower boundary of a 2-month falling wedge formation and the crucial $170-$180 horizontal level, which has served as a major support and resistance level throughout the year. Holding these levels in the daily and weekly timeframe could spark a rebound and propel the price to retest the falling wedge’s upper boundary and the crucial horizontal resistance around the $210-220 mark, the analyst noted. As of this writing, SOL is trading at $182, a 12.6% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the market volatility continues, Ethereum (ETH) has dropped 3.1% in the daily timeframe and is attempting to hold a key price area as support once again. Despite the dip, some analysts have suggested that the King of Altcoin is set to start a new expansion phase soon. Related Reading: Bitcoin (BTC) ‘Uptober’ Rally On Pause Until This Level Is Reclaimed Ethereum Retests Major Support Zone On Wednesday, Ethereum fell below the $4,000 level for the third time this week, retesting a crucial area before bouncing. The cryptocurrency has been trading within the $3,800-$4,800 price range in the daily timeframe since the early August breakout. During the recent market correction, ETH briefly lost its local range, reaching a two-month low of $3,435 last Friday. Nonetheless, the price quickly bounced from the lows, reclaiming the $4,000 area over the weekend. Since then, the King of Altcoins has been hovering around the lows, attempting to reclaim the range’s mid-zone but ultimately failing. As the price retested the $3,900 area, Daan Crypto Trades noted that Ethereum has been able to maintain daily closes above the $4,100 area despite this week’s volatility, suggesting that a recovery of this level is still possible today. Nonetheless, failing to hold this area in the daily timeframe could propel a drop to the $3,800 support and risk a potential dip to the $3,400 mark. The trader also warned that the cryptocurrency must also hold the $4,100 region on the weekly timeframe to maintain its current structure and target a climb to the range highs around $4,800. He affirmed that “the real fun starts if this can trade and close above $5K. Until then, we’re range-bound within those two levels.” Similarly, Ali Martinez highlighted that ETH could see a 28%-53% rally based on Ethereum’s MVRV Extreme Deviation Pricing Bands. According to the analyst, if the price holds the $3,900 level, which is a major support, “the Pricing Bands point to a move toward $5,000 or even $6,000.” Is A Repeat Of ETH’s 2021 Playbook Coming? Other market watchers have also shared a positive long-term outlook for ETH, suggesting that investors shouldn’t worry about the recent price pullbacks. Analyst Crypto Jelle pointed out the 18-month descending broadening wedge formation on Ethereum’s chart, which was broken out of during the Q3 rally. Jelle noted that the cryptocurrency is “just holding the breakout area as support,” consolidating between the breakout area and the last cycle’s ATH. To the analyst, ETH looks “very ready for a rapid expansion higher” once it breaks out of the accumulation range. Meanwhile, Crypto Kaleo emphasized the structural similarities between the beginning of the last bull market’s breakout and Ethereum’s current price action. Per the chart, the King of Altcoins traded within a two-year range during the previous cycle, retesting the range’s resistance twice and briefly deviating below the range’s low before breaking out. Related Reading: Chinese Investment Bank Eyes $600 Million Raise For BNB Treasury Company Then, ETH saw a multi-month accumulation period above the breakout level before continuing its rally toward new highs. Kaleo’s post highlighted that the cryptocurrency appears to be repeating a similar playbook, currently consolidating before potentially resuming its run toward higher targets in the next few months. As of this writing, ETH is trading at $4,001, a 11.3% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After a remarkable start to ‘Uptober,’ Bitcoin (BTC) has recently seen significant volatility, retesting multiple crucial levels. As the price bounces from the $110,000 mark, some analysts have suggested that BTC’s rally won’t restart until a key area is reclaimed. Related Reading: Chinese Investment Bank Eyes $600 Million Raise For BNB Treasury Company Bitcoin Needs Key Reclaim For New Highs Over the past week, Bitcoin’s price has fluctuated between its range’s lower and upper boundaries, hitting both a new all-time high (ATH) of $126,000 and a three-month low of $102,000. Notably, the crypto market saw one of the largest liquidation events in history on Friday, which briefly sent BTC’s price below $107,500. The flagship crypto quickly bounced from the lows and reclaimed the $110,000 barrier as support over the weekend, attempting to reclaim the $116,000 level twice since Sunday. Analyst Ted Pillows noted that holding the crucial $110,000-$111,000 zone could set the stage for a bounce back to the high of its three-day range, but warned that losing this area could send the price to the $107,000 support before a reversal. Similarly, Daan Crypto Trades highlighted that despite the pullback, BTC’s range between $107,500-$124,000 has held and the key horizon levels have been respected, with “many large pivots and moves happening from these areas.” The trader suggested that Bitcoin will likely continue to “chop” within the range’s mid-zone, where most price action has occurred since Q3, until it reclaims and retests $117,000 as support. To achieve this reclaim, analyst Rekt Capital pointed out BTC must show continued stability around the $114,000 area as it has “historically preceded upside into at least $117.3k.” He noted that on the previous occasions when the price Daily Closed above this level, Bitcoin was able to rally to at least $117,300, even if the bounce eventually led to more downside action. Nonetheless, “for bullish bias, it’s important $117.3k doesn’t turn into a resistance on this current move and so Bitcoin will need to Daily Close above $117.3k to continue towards $120k over time,” the analyst warned. BTC’s Macro Structure Shows Strength Rekt Capital highlighted that BTC managed to maintain its macro bullish market structure, continuing to “print progressive Higher Lows despite the drastic downside, which is a sign of strong continued premium-buying behaviour on price pullbacks.” He also noted that Bitcoin has been consolidating within the $108,000-$116,000 levels in the monthly timeframe, upside wicking beyond the range high and downside wicking below the range low since July. The analyst suggested that the downside wicks could be a positive sign since “it signifies a liquidity grab at lower price levels that could add the necessary fuel to attempt a Macro Range breakout.” “As a matter of fact, Bitcoin has been upside wicking beyond the $116k Range High far more frequently in recent months compared to the downside wicking below the $108k Range Low, which is a testament to the Range Low’s role as a stable higher timeframe support,” he explained. Related Reading: Analyst Sends Message To XRP Investors: If You Don’t Do This, You’ll Get Wrecked Rekt Capital added that a downside wick below the range low was inevitable, as the price had not experienced such volatility in months. He concluded that holding the $114,000 support in the weekly timeframe is the key level for a new challenge of the Range Highs. As of this writing, Bitcoin is trading at $112,610, a 2.7% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the recent market volatility, Solana (SOL) has lost a crucial area for the first time in over a week, leading some analysts to forecast a potential drop toward the $200 support and below in the coming days. Related Reading: Major Event Management Platform Raises $2M To Expand Stablecoin Payments Across Entertainment Industry Solana Pullback Eyes $200 Retest Solana fell from the $225 area and recorded a 6.6% intraday retrace below the $210 level for the first time in two weeks. Notably, the cryptocurrency has been trading within the $210-$245 levels over the past month, briefly losing this range during the late September pullback. As “Uptober” arrived and the overall crypto market recovered, the altcoin bounced from the recent lows, reclaiming the mid-zone of its local price range. Over the past week, SOL traded within the $220-$235 area, retesting both the upper and lower boundaries of this zone throughout this week’s volatile market performance. Multiple market watchers warned that losing $215-$220 area could determine whether SOL’s short-term rally was at risk. On Friday morning, the altcoin lost this crucial zone, hitting a one-week low of $207. Analyst Crypto Batman forecasted that Solana would likely head lower before bouncing, highlighting two key support areas. He suggested that the altcoin’ could retrace deeper into its Bullish Fair Value Gap (FVG), between $210-$220, which previously served as a key resistance level. However, if the price continues to fall, he pointed out that a retest of SOL’s two-month ascending trendline, currently around the $200 mark, would be possible. This trendline was tested as support in late September, when the altcoin fell to the $190 level. Similarly, Crypto analyst Man of Bitcoin had affirmed that holding the $216 level was crucial to preserve a bullish scenario in which the cryptocurrency rallied toward the $270 without major pullbacks. The analyst cautioned that losing this area would invalidate the bullish setup and likely push the price down toward the local range lows, potentially risking a drop to the $200 barrier. SOL’s Make-Or-Break Level Meanwhile, market watcher Follis recently stated that SOL has “one of the cleanest” high timeframe charts in the market. He noted that Solana’s 100-day Exponential Moving Average (EMA) indicator in the daily chart holds “the key.” Notably, this indicator, currently sitting around the $200 area, has been tested as support and bounced from each time the cryptocurrency has failed to break a major resistance level since August. Based on its recent performance, if the altcoin holding the EMA100 on the daily timeframe could see a rebound and target the range highs. On the contrary, if this level is lost, the cryptocurrency risks falling to the September lows. Related Reading: BNB Chain Memecoin Season? 70% Of Investors In Profit As Four.Meme Surpasses Pump.Fun Despite the short-term correction, some analysts remain optimistic about SOL’s end-of-year rally, suggesting that it will continue its path to new highs after the retrace. “$320 remains the target,” Trader Koala affirmed, “Pullback first though.” As of this writing, Solana is trading at $205, a 12.1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the crypto market rallies, BNB continues to hit new record levels, surpassing some of the largest cryptocurrencies by market capitalization and leading some analysts to suggest that its end-of-year run has just started.   Related Reading: Ethereum 23% Rally Pushes BitMine’s ETH Treasury Holdings To $13.4 Billion BNB Sees 30% Weekly Run   After a massive Q3 rally, BNB has started the last quarter of the year with a remarkable 30% rally. Over the past week, the cryptocurrency has recorded four new all-time highs (ATHs), climbing the list of top cryptocurrencies by market capitalization.  The altcoin recovered from the late September pullback a week ago, reclaiming the $1,000 barrier. At the time, Analyst Ali Martinez suggested that turning this level into support would set the stage for a 30% rally toward the $1,300 target as part of its bullish breakout from its macro range. Notably, BNB had been trading within the $200-$700 price range since 2021, finally breaking out of this zone during the Q3 rally.  On Tuesday, the altcoin jumped 7% and hit a new record high of $1,330, reaching a market capitalization of $182 billion. According to CoinGecko data, BNB surpassed Tether (USDT) and XRP, becoming the third-largest cryptocurrency by this metric, only behind Bitcoin (BTC) and Ethereum (ETH).  Following this performance, some market watchers have raised BNB’s price target to higher levels, suggesting that its end-of-year bull run may just be starting. Analyst NekoZ recently affirmed that the cryptocurrency was “executing a master class in trend continuation,” highlighting its performance over the past three months.  According to the chart, the altcoin has had two key breakouts since July, each followed by price expansion to new highs. Now, BNB appears to be repeating the same setup, which targets the $1,500 barrier next.  Similarly, Crypto Patel considers that if momentum continues throughout the Q4 run, the cryptocurrency could be heading for another 53% rally toward his second cycle target of $2,000. “You can doubt targets, but not momentum,” he wrote on X.   Rally Pushes Corporate Holdings To New Highs Amid its bullish rally, Nasdaq-listed CEA Industries, the world’s largest BNB Treasury Company, announced that its total Digital Asset Treasury (DAT) strategy holdings have reached a total of $663 million in assets.  The company shared that it now holds a total of 480,000 BNB tokens as part of its goal to own 1% of the altcoin’s total token supply by the end of 2025. According to the Tuesday statement, the company’s total investment amounts to approximately $412.8 million, with an average acquisition cost of $860 per token, and an estimated BNB value of $585.5 million by October 6. David Namdar, CEO of CEA Industries, commented on the milestone, stating: “BNB’s all-time highs are a clear validation that the global markets are waking up to the inherent value, credibility, scale, and utility of both the asset and underlying ecosystem.” It’s worth noting that the ecosystem has also seen a strong performance throughout the past few months, with multiple projects built on the network leading in terms of profitability.  On Monday, BNB Chain revealed it had adopted Chainlink’s data standard to bring official US Department of Commerce (DOC) data directly to its blockchain.  Related Reading: BNB Price Hits $1,240 Record High: Partners With Chainlink For On-Chain US Economic Data Last month, decentralized oracle provider Chainlink announced its collaboration with the US DOC to deliver crucial macroeconomic data from the Bureau of Economic Analysis (BEA) to ten blockchain ecosystems Moreover, Kazakhstan recently announced the launch of its first crypto reserve, the Alem Crypto Fund, with Binance Kazakhstan as the strategic partner, aimed at long-term investment in digital assets. As part of the partnership, Alem Crypto Fund made BNB its first investment. Featured Image from Unsplash.com, Chart from TradingView.com

As BitMine continues to bet on Ethereum (ETH), the King of Altcoins is eyeing a crucial resistance level that could set the stage for a new breakout, leading some analysts to suggest that a new all-time high (ATH) is around the corner. Related Reading: TRX Repeats Its 2021 Setup: Volume Cooldown Signals Smart Money Accumulation Ethereum Ready For New Highs? On Monday, Ethereum rallied to a multi-week high of $4,718 following the start of the “Uptober” market rally that has sent Bitcoin (BTC) and BNB to new highs. Notably, the King of Altcoins has bounced 23% from the recent September correction, which sent the cryptocurrency’s price to a local low of $3,815. Now, ETH nears the upper boundary of its macro range high for the first time in almost a month. The altcoin has been trading within the $3,600-$4,800 price range since the early Q3 breakout, which also served as a crucial area during the 2021 ATH rally. After retesting the range’s mid-zone last week, some analysts suggested that a weekly close above the $4,200 mark would enable its price to reclaim the $4,600 area and position itself for new highs. Meanwhile, other market watchers noted that breaking past the $4,500 resistance would set the base for a challenge of the macro range highs. Since then, the cryptocurrency has reclaimed those two crucial levels, closing the week around the $4,514 area and currently attempting to turn the $4,700 mark into support. Amid this performance, Titan of Crypto highlighted that ETH has broken out of a “textbook continuation pattern” on its weekly chart. He previously signaled that the cryptocurrency needed to break out of its bull flag formation for a potential 50% run. According to the analyst, after reclaiming the $4,500 mark, Ethereum now eyes a rally toward the $6,900 target. Meanwhile, Crypto Jelle forecasted that ETH’s main target remains around the $10,000 mark. Per the post, Ethereum “looks ready for continuation” after breaking out of its multi-year bullish megaphone pattern and retesting its upper boundary as support. BitMine’s ETH Treasury Hits $13 Billion Throughout Ethereum’s recent correction and price recovery, corporations have continued to bet on the King of Altcoins, pouring millions of dollars over the past week for their ETH-focused Digital Asset Treasury (DAT) strategies. BitMine, the largest Ethereum-based treasury company, announced that it had increased its holdings in the past week. In a Monday statement, the second-largest crypto treasury in the world revealed that its ETH holdings had surpassed the $13 billion mark. In late September, the company shared it had achieved the 2% milestone of its goal to own 5% of Ethereum’s total supply, with a total of 2.4 million ETH tokens. Now, BitMine holds $13.4 billion in assets, including 2,830,151 ETH, 192 BTC, $113 million stake in Eightco Holdings for its “Moonshot” initiative, and unencumbered cash of $456 million. The company is also the 28th most traded stock in the US, the announcement noted, with an average daily volume of $2.5 billion, according to 5-day average data from Fundstrat. Related Reading: XRP Could Mirror 2017 Style Surge: Here’s How High The Price Will Go If It Happens BitMine’s chairman, Thomas “Tom” Lee, shared that the company spent the past week at the TOKEN2049 conference, which took place in Singapore, where their team “sat down with Ethereum core developers and key ecosystem players.” Following the event, the company remains “confident that the two Supercycle investing narratives remain AI and crypto,” he affirmed, adding that “these two powerful macro cycles will play out over decades.” “Naturally, Ethereum remains the premier choice given its high reliability and 100% uptime,” he concluded. As of this writing, ETH is trading at $4,710, a 13% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com