THE LATEST CRYPTO NEWS

As the crypto market recovers from the latest pullback, XRP is attempting to climb up from its recent lows. Some analysts have suggested that the cryptocurrency must defend its current levels or risk a 50% drop to levels not seen since 2024. Related Reading: Solana Leads As Most Popular Blockchain Ecosystem For Second Consecutive Year – Report XRP At Make-Or-Break Level Amid the start-of-week market correction, XRP recorded a 6% drop toward its lowest level in weeks. The price lost $2.00 support on Monday morning and continued to lose key levels despite uninterrupted institutional interest. The cryptocurrency has been trading within the $2.00-$2.25 price range over the past month, only losing its lower boundary during the late November pullback. Monday’s correction sent the altcoin below the range’s lower support again, hitting a multi-week low of $1.88 before bouncing around an area that has been crucial for the past year. Notably, XRP has bounced from the $1.85-$1.90 support zone after every major correction since the November 2024 breakout, climbing back above the $2.00 level each time. However, some market observers have suggested that the price risks a significant correction if it is unable to hold the current levels. Ali Martinez pointed out that the cryptocurrency has fallen below its one-year price range, between the $1.92-$3.27 levels, which could lead to a 50% drop below this area. To the analyst, XRP’s price must secure a daily close above $1.92 to prevent a drop to the $1.00 support, which has not been seen in over a year. Similarly, Cheds Trading affirmed that XRP is “flirting with a high time frame breakdown.” Per the chart, the altcoin appears to be forming a high-timeframe rounding top or double top pattern with a higher high. The analyst noted that in the case of the latter, the M formation would be confirmed if the $1.88 level, where the pattern’s neckline is situated, is lost. This could lead to a “measured move to roughly [the] MA 200 area/$1.00 range.” Price Ready For 2026 Markup Phase? Despite the warnings, other market watchers shared a positive outlook for XRP in the coming months. Trader Niels affirmed that the leading altcoin is “looking good” at the current levels. According to the post, the cryptocurrency is “sweeping the $1.8 support zone again” while showing a bullish divergence on the daily timeframe, which suggests that the price could soon move to higher levels. To the trader, once XRP breaks above $2.20 resistance, it could surge 27%-37% towards the $2.80-$3.00 area “within a month.” Meanwhile, analyst ChartNerd highlighted that XRP appears to be repeating its 2023-2024 price action, which led to its massive breakout in November 2024. The chart shows that the altcoin accumulated for a year and a half, bouncing between the range’s lower and upper boundaries before its markup phase in late Q4 2024. Related Reading: XRP Hasn’t Entered A Bear Market Yet; Analyst Shares Why Following this expansion period, the cryptocurrency is showing a similar accumulation range, leading the analyst to suggest that XRP may continue consolidating within its current range before another markup phase occurs. “Regardless of scenarios, or how ugly/beautiful it gets, a massive markup phase similar to November 2024 is likely between now and late 2026,” he stated. As of this writing, XRP is trading at $1.92, a 1.65% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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

Ark Invest’s CEO and CIO, Cathie Wood, joined Fox Business’s “Morning With Maria” to discuss her investment strategy as she believes the US is entering a “historic productivity surge,” and why she is bullish on Bitcoin (BTC) for 2026. Related Reading: All Eyes On Ethereum: Price Attempts Key Breakout As BlackRock Files For Staked ETH ETF The Four-Year Cycle Will Be ‘Disrupted’ On Tuesday, Ark Invest’s CEO, Cathie Wood, shared her perspective on the recent Bitcoin performance, which has retraced over 10% in the past month and struggled to reclaim crucial levels over the past few weeks. To Wood, Bitcoin has been behaving like a risk-on asset and is currently “climbing another wall of worry” that has made investors wary of the leading crypto asset’s upcoming performance. As she explained, there is a fear of the four-year cycle, which suggests that 2026 will be a corrective year for Bitcoin. Historically, BTC has seen significant price pullbacks during bear markets, with retraces of up to 75% to 90% in previous cycles. The aggressive Q4 2025 correction has shattered most investors’ expectations of an end-of-year bull run, raising concerns that the crypto market has already entered the bearish phase of the cycle after the more than 30% drop from the October highs. However, Ark Invest’s CEO considers that “the four-year cycle is going to be disrupted” as volatility has significantly diminished over the past few years, and large-scale investors turn to the rapidly growing industry. “We think that the move by institutions into this new asset class is going to prevent much more of a decline,” Wood affirmed, noting, “we might have seen it a couple of weeks ago,” when BTC managed to hold the $80,000 barrier during the late November correction. She previously asserted that growing institutional adoption will be a powerful driver for long-term value for the cryptocurrency, adding that institutions “really have just dipped their toes into this space. We have just started, so we have a long way to go.” Bitcoin To Outperform Gold Soon?   During the interview, Wood also reaffirmed her previous forecast that the flagship crypto will outperform gold next year, despite its choppy performance during the last quarter of 2025. She highlighted that “gold is more of a risk-off asset,” and its 60% year-to-date (YTD) rise is “proof” that Bitcoin is climbing a wall of worry as investors “are using gold as a hedge against geopolitical risks.” Nonetheless, Ark Invest’s CEO pointed out that between the early 80s and the late 90s, gold peaked and “went down as we were in the golden age of innovation, ending with the internet.” Related Reading: Wall Street Giant Bernstein Predicts Bitcoin Price To Hit $1 Million By 2033 Now, she believes that the same could happen soon, as what she calls “the AI age” starts and the market potentially recovers. Meanwhile, she forecasted that Bitcoin would remain risk-on and outperform gold in 2026. “I really believe we are moving from a rolling recession where we’ve been for the last three years, into a rolling recovery, which we think we are entering now. Then, a productivity-driven boom the likes of which we have never seen before,” Wood concluded.  As of this writing, Bitcoin is trading at $94,011, a 3.75% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After weeks of speculation, BlackRock, the world’s largest asset manager, has officially filed for a staked Ethereum (ETH) Exchange-Traded Fund (ETF) with the US Securities and Exchange Commission (SEC). Amid the bullish news, the King of Altcoins’ price is attempting to break out of a two-month resistance, which could set the stage for a retest of higher levels. Related Reading: XRP ETFs Record 13-Day Streak As SOL Funds See Largest Outflows Since Launch BlackRock Files For Staked Ethereum ETF BlackRock has submitted an S-1 form with the US SEC to get approval for its iShares Ethereum Staking Trust (ETHB), which “seeks to reflect generally the performance of the price of ether and rewards from staking a portion of the Trust’s ether, to the extent the Sponsor in its sole discretion determines that the Trust may do so without incurring undue legal or regulatory risk.” Filed on December 5, BlackRock’s registration statement explains that, if approved, the proposed fund aims to stake 70% to 90% of its Ethereum holdings, distributing staking rewards to stakeholders at least quarterly. Coinbase Custody Trust will serve as the custodian for the Trust’s ETH holdings, the filing noted, while Anchorage Digital Bank will be an available alternative custodian for the Trust’s ether holdings. Meanwhile, the Bank of New York Mellon will serve as the custodian for the Trust’s cash holdings and the administrator of the Trust. Notably, BlackRock’s ETHB will operate separately from its spot ETH fund, the iShares Ethereum Trust ETF (ETHA), which is the largest in its category with $11 billion in assets under management (AUM). It’s worth noting that the crypto community began speculating about BlackRock’s upcoming staked ETH fund after the leading asset manager registered the name in Delaware last month. In a November report, 10x Research argued that the potential introduction of a staked Ethereum ETF by BlackRock would bring “increased scrutiny” to “the economics of DATs” as retail investors would reallocate to a low-cost source of yield. The report added that many investors are unaware that Digital Asset Treasury (DATs)’s embedded costs “far exceed” the management fee charged by asset managers like BlackRock on its Bitcoin (BTC) and ETH ETFs. ETH Nears Key Downtrend Line Ethereum’s price started the week attempting to reclaim a crucial area after managing to hold the $3,000 level as support despite the volatility during the weekend. The cryptocurrency surged nearly 3% in the daily timeframe, hitting $3,180 before retracing on Monday. Amid this performance, analyst Ali Martinez suggested that “it’s time to pay attention to ETH,” noting that it nears a key level that could push the price to higher zones. Per the chart, Ethereum briefly broke out of its two-month downtrend line, which has served as resistance since early October. Over this period, the King of Altcoins has attempted to break out of this level twice, but has ultimately been rejected during each attempt. On Monday morning, ETH briefly broke above the trendline before being rejected a third time. However, if Ethereum reclaims the $3,120-$3,130 levels and turns the downtrend into support, it could build the base for a retest of the $3,200-$3,300 horizontal levels, which marks the lower boundary of its Q3 and early Q4 price range. Related Reading: Bitcoin Price Slides Below $90,000 – Is A Retest Of The November Lows Near? Meanwhile, Rekt Capital asserted that Ethereum Dominance (ETHDOM) continues to move within its macro consolidation range, holding support at the 11.67% level. He previously affirmed that if “ETHDOM can maintain itself above 10.05% then it should be positioned for higher market dominance levels over time.” The analyst added that although history suggests a potential 2.5% drop to the consolidation range lows, this dip would occur “in the context of a macro move to 18%-20%” in the future. As of this writing, Ethereum is trading at $3,114, a 13.7% increase on 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

As the crypto market rebounds from the recent lows, Solana (SOL) has reclaimed a crucial level, nearing a key resistance area that could set the stage for a long-awaited price recovery rally, according to some market watchers. Related Reading: Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump Solana Bounces Despite ETF Outflows The crypto market has surged above the $3 trillion mark for the first time in a week, with Bitcoin, Ethereum, and most leading cryptocurrencies reclaiming crucial support levels lost during the latest market pullback. Solana joined the market rally and jumped from the recently recovered $135-$140 area to the upper zone of its local range on Wednesday afternoon. Notably, the altcoin has been trading between the $130-$145 price range over the past two weeks, briefly losing the lower boundary during last week’s correction. This week, SOL’s price has reclaimed some crucial ground, surging over 10% since Monday’s opening and nearing the $145 resistance. Amid this performance, analyst Ted Pillows noted institutional participation, as SOL treasury companies have started to show early signs of recovery. He also highlighted that Solana Exchange-Traded Funds (ETFs) have experienced record inflows this month despite the correction. According to Farside Investors’ data, the SOL-based investment products have registered $613 million in inflows since their launch on October 28. It’s worth noting that throughout the recent pullbacks, Solana funds have seen a strong demand, with a 22-day positive streak while the altcoin’s price descended to multi-month lows. However, as its price recovered, SOL’s ETFs registered their first negative in nearly a month. 21Shares’ TSOL, which launched a week ago, saw $34 million in outflows on Wednesday, outshining the over $13 million and $10 million in inflows of Bitwise’s BSOL and Grayscale’s GSOL. As a result, the whole category recorded net outflows of $8.1 million. In his analysis, Ted Pillows also noted that “It seems like SOL has bottomed for a while, but institutional buying needs to accelerate here. Otherwise, it won’t take long for Solana to make new lows.” SOL Ready For December Recovery? Analyst Ali Martinez suggested that Solana’s pain might be over as its price “usually bottoms when investors capitulate… And for the past two weeks, that’s exactly what’s been happening.” According to the chart, SOL’s price has historically found a floor when the Net Unrealized Profit/Loss (NUPL) indicator reaches the capitulation zone, which it has recently fallen to. Meanwhile, Crypto Patel highlighted that Solana is breaking out of a one-month downtrend, which could trigger a 25% recovery rally near the key $180 barrier in the coming weeks. Another market observer warned that the altcoin is “walking straight into the lion’s den” as its price nears the $144-$146 resistance levels. Trader Mr. Ape noted that Solana’s price has been rejected three times from this heavy supply area, and momentum “is slowing again as we hit the zone.” Related Reading: XRP ETFs Outshine BTC, ETH, And SOL Funds With $164M Single-Day Inflows To the trader, this is the crucial level to watch, as another rejection could send the price to the $132 support, where strong demand lies from the previous bounce. On the contrary, a successful breakout from this level and reclaiming it as support could confirm the shift and trigger a surge to the $157 area. As of this writing, Solana is trading at $142, a 7.7% increase on the weekly timeframe. Featured Image from Unsplash.com, 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

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

A recent report discussed how Digital Asset Treasury (DAT) companies like BitMine and Strategy are sitting on billions of dollars of unrealized profits as Ethereum (ETH) and Bitcoin (BTC) lose crucial support levels. Related Reading: This Altcoin Soars 20% In One Day Following Major Saudi Arabia Partnership DATs To Face ‘Increasing Scrutiny’ On Thursday, crypto insights company 10x Research reported that the largest Ethereum Treasury company, BitMine Immersion Technologies, has a multi-billion-dollar paper loss after the ongoing market correction, which has sent ETH to multi-month lows. “Bitmine is now down more than $1,000 per ETH, implying about $3.7 billion in unrealized losses before even accounting for the hefty NAV [net asset value] premium public-market investors paid on top,” the report highlighted. 10x Research believes that treasury companies will struggle to attract new retail investors amid the current market environment, where existing shareholders are sitting on billions of dollars in losses. When NAV rises, “old” shareholders benefit; when it falls, the damage compounds, a dynamic DAT investors often underestimate. When the premium inevitably shrinks to zero, as it is doing now, investors find themselves trapped in the structure, unable to get out without significant damage, a true Hotel California scenario. Unlike Exchange-Traded Funds (ETFs), Digital Asset Treasuries “layer on complex, opaque, and often hedge-fund-like fee structures that can quietly erode returns,” the report added, noting that many investors are unaware that DATs embedded costs “far exceed” the management fee charged by asset managers like BlackRock on its Bitcoin (BTC) and ETH ETFs. Moreover, 10x Research argued that with the potential introduction of a staked Ethereum ETF by BlackRock, “the economics of DATs are likely to face increasing scrutiny” as retail investors reallocate to a low-cost source of yield. BitMine Remains Confident On Ethereum Despite DAT challenges and ETH’s price action, BitMine has continued to bet on the King of Altcoins. According to Lookonchain data, a new wallet suspected to be linked to the Ethereum-focused treasury company purchased 21,054 ETH, worth around $66.57 million at the time, on Tuesday night. In its November Chairman’s Message, Thomas ‘Tom’ Lee, noted that the crypto market prices have not recovered from the October 10 liquidation event, and “the lingering weakness has the hallmarks of a market maker (or two) suffering from a crippled balance sheet.” BitMine does not believe crypto prices have peaked for this cycle, he added, suggesting that “a crypto cycle top is likely 12-36 months away.” On the contrary, Lee told CNBC News on Monday that the market is “pretty close” to bottoming this week. Crypto suffered from that liquidation event on October 10th, but because the fundamental story is intact and crypto discounts the future, that’s why it’s volatile, but it still looks pretty attractive here. Related Reading: Solana Reclaims $140 As Second Wave Of SOL ETFs Debut – Is A Rebound Coming? Notably, ETH has lost the $3,000 support for the first time since July, retesting the $2,800 area on Thursday morning. However, Lee has affirmed that “Ethereum is undervalued because number one, the story is gaining relative to Bitcoin this year. But two, we’re getting this sort of intrinsic floor because of the value that the assets locked onto the Ethereum blockchain.” As of this writing, Ethereum is trading at $2,840, a 29% 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

Amid this week’s crypto market correction, Ark Invest’s CEO and CIO, Catie Wood, has slashed her 2030 bullish forecast for Bitcoin (BTC), highlighting the global momentum of the stablecoin sector. Related Reading: Web3 Verifiable Settlement Protocol To Bring ‘Internet-Speed’ Payments With New Upgrade Stablecoins Overtake Part Of BTC’s Role On Thursday, Ark Invest’s CEO, Cathie Wood, joined CNBC’s “Squawk Box” to discuss Bitcoin’s price, her thoughts on stablecoins’ growth, and how her previous bullish forecast for the flagship crypto has evolved over the past year. In the interview, Wood underscored that the rapid rise of stablecoins is taking on a role she thought BTC would handle, leading to a 20% reduction of her $1.5 million prediction by 2030. It’s worth noting that the investment management firm has previously affirmed that the leading cryptocurrency could serve as a store of value and a global settlement system. “Stablecoins are usurping part of the role that we thought bitcoin would play,” Wood affirmed on Thursday morning. “Given what’s happening to stablecoins, which are serving emerging markets in a way that we thought bitcoin would, I think we could take maybe $300,000 off of that bullish case just for stablecoins.”   “Emerging markets are huge in this regard,” she said, adding that “we’re starting to see institutions in the United States focused on new payment rails, with stablecoins at the core. So very interesting movement.” Notably, the sector has seen rapid adoption following the enactment of the GENIUS Act in the US, with other leading jurisdictions, including the UK and South Korea, pushing to establish their own regulatory framework in the coming months. Similarly, multiple leading companies in the traditional payment system are preparing strategic moves into the stablecoin sector. Last week, the global financial services company Western Union announced its plan to launch the US Dollar Payment Token (USDPT) on the Solana blockchain. To Wood, “Stablecoins are scaling here much faster than anyone would have expected,” making it a space to watch in the future. Wood Is Still Bullish On Bitcoin Despite recalibrating her 2030 bull case, Ark Invest’s CEO emphasized that she remains bullish on Bitcoin, noting that growing institutional adoption will be a powerful driver for long-term value. Currently, the flagship cryptocurrency has declined 20% from its October 6 all-time high (ATH) of $126,000, briefly falling below the $100,000 mark earlier this week. Nonetheless, most market analysts and investors remain bullish on BTC’s long-term performance. Related Reading: Bitcoin Eyes ‘Moment Of Truth’ As Price Retests $100,000 Support – Is The Rally Over? Wood highlighted that “Bitcoin is a global monetary system, it is the lead in a new asset class, and it’s a technology, all wrapped in one.” She added that institutional participation in the sector has only begun, stating, “Institutions really have just dipped their toes into this space. We have just started, so we have a long way to go.” The CEO closed her observations by affirming that the broader crypto ecosystem is expanding, not contracting. “I think the whole space gets bigger,” she concluded. 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

As the early ‘Uptober’ buzz fizzles and Bitcoin struggles to hold $110,000, the overall crypto market sentiment has seemingly taken a beating. According to online reports, market participants are disappointed with the recent performance, but some experts argue that this means the industry is “winning.” Related Reading: Bitcoin (BTC) November Rally At Risk? Analysts Say This Week’s Close Holds The Key Crypto Vibes Are ‘Sad’ Despite Industry Adoption On Thursday, investor and analyst Will Clemente shared on X that “the vibes in the crypto groupchats are just sad.” He explained that investors seem “jaded, depressed, and defeated,” adding that they are “completely giving up” and switching to other asset classes after BTC’s performance this year. Bitwise’s CEO, Hunter Horsley, weighed in on the matter, affirming that “Crypto natives are now in a multi-month bear market sentiment,” while the “off-Twitter” sentiment is the “best it’s ever been.” Horsley detailed that the offline positive outlook is fueled by the notable decrease in regulatory risk, which has led to the recent spike in institutional adoption and mainstream recognition. Notably, the second wave of crypto-based exchange-traded funds (ETFs) started trading this week, with Bitwise’s Solana Staking ETF (BSOL) stealing the spotlight. Moreover, the Digital Asset Treasury (DAT) trend, led by Strategy, continues to pour millions of dollars into cryptocurrencies. “The market is changing,” the CEO asserted in his Friday X post, pointing out JPMorgan CEO Jamie Dimon’s recent approach shift. Dimon has been a long-time crypto skeptic, calling the flagship crypto a “Ponzi scheme” and dismissing it as “useless as a pet rock.” Nonetheless, he recently admitted that he was wrong and that crypto, stablecoins, and blockchain are “real.” Is The Market ‘Boring’ Or Mature? In a response to Clemente’s post, Nic Carter stated that the sentiment shift highlights a deeper truth about the market: the space has matured significantly. He explained that crypto is “boring” now because most of the questions and uncertainties that drove much of the historical volatility have been answered. So many of the open questions have been answered, will stablecoins be allowed? yes. will we be banned? no. will we all go to jail for writing software? no. will we be incorporated into tradfi? yes. can tokens have cashflows and not be securities? Apparently. (…) There are still some unanswered questions, particularly around cash-flowing pseudoequity tokens, but we will probably get answers to those in the coming years. He also argued that the crypto industry has been largely derisked as a technological substrate, bringing large corporations to adopt these tools, which shows 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.” Related Reading: Ethereum (ETH) Prepares For ‘Last Euphoric Run’ As Whales Go On $135M Buying Spree To Carter, this means that the industry has “won.” However, he noted that clarity and maturity come with less excitement, as “winning means the inherent volatility in the space is highly reduced! This applies to both startups and the underlying assets themselves.” “So if you’re sad that volatility has been dampened smile through the tears. it means we won,” he concluded. 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

 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

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 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

As the market recovers, Bitcoin (BTC) is kicking off the weekend on a positive note by reclaiming another crucial support level. Some analysts suggest that the cryptocurrency is setting the stage for a new price discovery rally, which could start sooner than expected. Related Reading: Solana (SOL) ‘Uptober’ Begins With $220 Retest – Is It Ready For Second ‘Expansion Wave’? Bitcoin Eyes Third Price Discovery Uptrend On Friday, Bitcoin jumped nearly 3% to hit a two-month high of $123,894. The flagship crypto has seen a massive recovery from last week’s correction, surging 14% from the local lows. Earlier this week, BTC reclaimed the $115,000-$117,000 area, which served as a key support zone during the early Q3 rally, before surging to the crucial $120,000 barrier on Thursday. Amid its bullish performance, analyst Rekt Capital highlighted that Bitcoin was able to secure a daily close above this level, skipping a retest of the recently reclaimed $117,000 mark. He explained that a daily close above $120,000, followed by a successful post-breakout retest, has historically preceded a move to the $123,00 resistance, with a nearly identical daily performance leading to the mid-August all-time high (ATH) of $124,474. Meanwhile, market watcher Ted Pillows noted that if BTC successfully holds the $120,000-$121,000 zone, it will reach highs soon. On the contrary, he warned that losing this area could lead to a retest of the $117,000 as support. Nonetheless, he considers that Bitcoin’s price might not see another massive correction in the short term, as history suggests the cryptocurrency might have bottomed during the late-September pullback. “BTC historically bottoms in September. Since 2016, Bitcoin has bottomed 7 times in September. (…) Historically, this means BTC bottom is most likely in and it won’t go lower than $107K,” he asserted. Analyst Crypto Jelle forecasted that price discovery could resume as early as next week, pointing out that holding the $120,000 level as support over the weekend and closing above it in the weekly timeframe would set a strong base for the long-awaited Q4 rally. Is BTC’s Top A Few Weeks Away? As the flagship cryptocurrency is on the “cusp of entering Price Discovery Uptrend 3,” Rekt Capital also shared a potential timeline for Bitcoin’s cycle top based on its previous post-halving performances. The analyst previously shared his 2025 roadmap for BTC’s rally, suggesting that it could see an extended cycle or potentially enjoy a third Price Discovery Uptrend before the bear market, which would push the cycle peak into deeper stages of 2025. In a video analysis, he suggested that BTC’s top could arrive in the next two weeks to two months. As he explained, Bitcoin peaked around 520 days after the 2016 Halving event, while it topped nearly 550 days after the 2020 event. If it had repeated its 2017 timeline, BTC would have had to peak around September, meaning that the August ATH was the cycle top. The analyst dismissed this possibility, suggesting that a repeat of its 2021 price action was more likely. In this case, BTC would need to peak in the next two weeks. Related Reading: Analyst Forecast Ethereum (ETH) Breakout To $6,900 As Price Retests Crucial Resistance However, Rekt Capital laid a third scenario in which Bitcoin tops around mid-November. This timeline would follow the theory that the cycle peak timeline is increasing by 30 days at a time, signaling that this cycle’s peak would happen around the 580-day mark post-halving. “If we are looking at the four-year cycle, the most important thing is to just wrap everything up in candle one. That’s historically what’s been the case,” he explained. “So, at least two weeks and maybe still a month and a half to a maximum of two months. But beyond that, I don’t think we’ll be lengthening.” Featured Image from Unsplash.com, Chart from TradingView.com

As the crypto market kicks off October with a remarkable recovery, Ethereum (ETH) is attempting to turn the $4,500 level into support after nearly two weeks. Some analysts forecast that a breakout from this crucial area could set the stage for a massive 50% rally in Q4. Related Reading: Solana (SOL) ‘Uptober’ Begins With $220 Retest – Is It Ready For Second ‘Expansion Wave’? Ethereum Retests Next Major Resistance Ethereum has bounced 17% from last week’s lows and is retesting the next crucial level to reclaim. The cryptocurrency started this week by recovering from the recent market correction, which sent its price to a multi-week low of $3,815. Since then, the King of Altcoins has reclaimed the mid-zone of its macro range and broken past a major sell wall located around the $4,200-$4,300 levels. Amid this performance, market watcher Ted Pillows highlighted that the next two major resistance levels to reclaim before a new all-time high (ATH) are $4,500 and $4,750. Similarly, Ali Martinez detailed that the $4,505 area is “one of the most important resistance levels to watch for Ethereum,” according to the UTXO Realized Price Distribution (URPD) metric. A rejection from this major level could lead to a retest of the $4,250 support, and potentially risk a new price drop if ETH breaks below it. Previously, some analysts cautioned that losing this area could open the gates for a fresh breakdown toward the macro range lows. On the contrary, reclaiming the $4,500 resistance would set the base for a challenge of the macro range highs, around the $4,800 level, in the coming weeks. Market watcher Lluciano pointed out that ETH appears to be forming a triangle formation since early August. He suggested that breaking out of this pattern could kick off a rally toward a new high above the $5,000 barrier, affirming, “Q4 is here, ETH new wave is imminent.” Meanwhile, Titan of Crypto highlighted a weekly bull flag pattern forming on ETH’s chart. According to the analyst, a breakout from the formation’s upper boundary, around the $4,500 area, could send the price into a 50% rally toward the $6,900 mark. ETH’s Weekly Close Could ‘Turn It All Around’ After closing September above the $4,100 area, analyst Rekt Capital affirmed that Ethereum is potentially developing a Monthly Bull Flag within this macro range. He explained that the cryptocurrency must reclaim the $4,200 in the higher timeframes to continue building on the formation’s base. Notably, closing the month below this level technically means ETH’s price is positioning for a bearish retest despite the current bounce, the analyst detailed, as it represents the mid-zone of the macro range. Nonetheless, Rekt Capital considers that “even though the Monthly Close wasn’t very appealing, price just needs to Weekly Close above the $4.2k mid-range to turn it all around.” He noted that the cryptocurrency displayed a similar performance in late 2021 and this past July, weekly closing above this level and post-breakout retesting it as support. This technical sequence enabled the price to reclaim the $4,600 area and position itself for new highs. Related Reading: BNB Eyes New Highs As Price Reclaims $1,000 – Is A 30% Rally Coming? “If ETH can soon Weekly Close above blue and retest it back into support, then there’s a good chance for a revisit to $4.6k being on the cards in the future,” he concluded. As of this writing, Ethereum is trading at $4,502, a 4.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com