THE LATEST CRYPTO NEWS

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

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

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

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

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

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

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

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

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

The Ethereum price has once again crossed the $4,500 threshold, trading just 9% below its all-time high of $4,946, prompting a surge of bullish predictions for the leading altcoin.  Bullish Reversal For Ethereum Price Market expert Gert van Lagen took to X (formerly Twitter) to share his insights, suggesting that the Ethereum price is currently following a “textbook” expanding diagonal pattern on its biweekly chart. As seen in the expert’s chart below, this expanding diagonal pattern is characterized by a series of rising trend lines, indicating a potential reversal from a downtrend to an uptrend.  Over the past month and a half, the Ethereum price has consolidated between $4,200 and $4,600, with a brief drop towards $3,800 on September 25th. This met significant demand, resulting in a swift recovery of the $4,000 support level.   Related Reading: Bitcoin, Ethereum, Solana Rally Towards All-Time Highs: Top Analysts Share Predictions By connecting the lower points of these downward movements—known as waves 2 and 4—with the upper points of waves 1, 3, and 5, a triangular or diagonal shape emerges.  According to van Lagen’s analysis, this pattern signifies a shift in momentum for the Ethereum price from bearish to bullish, often leading to a significant upward breakout. Bitcoin (BTC) led the market recovery also approaching record levels above $120,000. Van Lagen noted that Ethereum’s Wave v is nearing completion, supported by a final corrective a-b-c wave. Specifically, Wave a has successfully broken above the crucial resistance level of $3,650, retested it for support in the b wave, and is now poised for the final impulse in wave c, aiming for an ambitious target range of $9,000 to $18,000. The Path Forward For ETH Adding to the optimistic sentiment, market analyst Mr. Wall Street has expressed a similarly bullish outlook, asserting that the Ethereum price is on track to reach its final price target for this cycle, estimated between $7,000 and $8,000.  However, both analysts agree that Ethereum’s ability to surpass its previous record near the $5,000 mark will be pivotal as this level is expected to act as a significant resistance barrier should the current recovery continue. Related Reading: Rumble At The Core: How Tether Plans To Dominate The US Stablecoin Market Looking ahead, market analyst Michael van de Poppe has also weighed in, predicting that the coming weeks will see Bitcoin experience an upward bounce before undergoing a slight correction.  Following this, he anticipates the Ethereum price will begin to gain momentum. “Given that the BTC pair is currently holding up well and has undergone a standard correction, I believe we will see Ethereum pick up steam in the near future,” van de Poppe stated. Featured image from DALL-E, chart from TradingView.com 

Following a massive Q3 performance, Solana (SOL) has kicked off “Uptober” with a bounce, attempting to reclaim a crucial area as support to continue its bullish rally. Some analysts have suggested that the cryptocurrency is ready to challenge the recent highs and enter a new price discovery phase. Related Reading: BNB Eyes New Highs As Price Reclaims $1,000 – Is A 30% Rally Coming? Solana Starts ‘Uptober’ In The Green After the recent market correction, Solana has started the new quarter with a 7.3% bounce from yesterday’s lows. Last week, the cryptocurrency fell from its recent highs and hit a local low of $190 after closing below the $200 support for the first time in nearly a month. Over the weekend, the altcoin reclaimed the crucial barrier and attempted to turn the $205-$210 area into support during the last two days of September. After closing the month around the $208 level, SOL’s price bounced 5.3% on Wednesday morning toward the $220 mark. Some market watchers previously noted that $218 level was the most important level for the cryptocurrency’s recovery, as the largest supply wall exists around this level. This level coincides with Solana’s $120-$220 macro range high. Analyst Crypto Jelle considers that SOL “is ready for its second expansion wave for the cycle” after months of re-accumulation, the September rally, and the successful retest of the breakout level. Amid today’s pump, the analyst affirmed that the cryptocurrency has “one last hurdle to overcome” before the rally to new highs begins. Per the post, once Solana turns the $250 level into support, the altcoins will be “in for a great end of the year.” Similarly, Altcoin Sherpa suggested that SOL will likely rally toward the $230-$235 area and above if Bitcoin (BTC) and the crypto market remain stable. Corporate Momentum, ETFs To Fuel Q4 Rally Solana’s momentum has been partially driven by growing corporate interest in the cryptocurrency, with SOL-focused Digital Asset Treasuries (DATs) pouring billions of dollars into the strategies over the past few months. On October 1, Nasdaq-listed VisionSys AI Inc. announced a $2 billion SOL-based treasury strategy in partnership with Marinade Finance, Solana’s leading staking protocol. The initiative aims to “strengthen VisionSys’s balance sheet, enhance liquidity, and create long-term shareholder value through the strategic acquisition and staking of Solana (SOL),” the announcement reads. Marinade Finance will serve as VisionSys’s exclusive staking and ecosystem partner, and the program’s first phase is set to acquire and stake $500 million in SOL within the next six months. Additionally, the pending approval of multiple crypto-based exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) has raised expectations for an October rally. In August and September, the regulatory agency pushed its final decision deadline for multiple crypto investment products, including SOL-based ETFs, between mid-October and mid-November. Related Reading: Ethereum Ready For Round 2? Analyst Forecasts Early October Rally Amid $4,200 Retest On Monday, Senior ETF analyst Eric Balchunas affirmed that “the odds are really 100% now.” “Generic listing standards make the 19b-4s and their ‘clock’ meaningless,” he explained, adding, “That just leaves the S-1s waiting for formal green light from Corp Finance. And they just submitted amendment #4 for Solana. The baby could come any day. Be ready.” As of this writing, Solana is trading at $219, a 11.1% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the market stabilizes from last week’s correction, BNB is attempting to hold a crucial area that could set the stage for a rally, leading some analysts to suggest that the next leg up could be around the corner. Related Reading: Ethereum Ready For Round 2? Analyst Forecasts Early October Rally Amid $4,200 Retest Kazakhstan Adoption Pushes BNB To $1,000 Nearly two weeks after breaking above the $1,000 milestone for the first time, BNB is attempting to hold this key area as support following the recent market pullback. The cryptocurrency has recorded a massive multi-month rally this quarter, surging 54% since the July opening. Over the past month, the cryptocurrency has climbed 16% from the start-of-September lows, turning the crucial $800-$900 zone into support before surging toward its latest all-time high (ATH) of $1,083 nine days ago. Nonetheless, the altcoin’s massive run was halted during the end-of-month pullback, which saw most cryptocurrencies, including Ethereum (ETH) and Solana (SOL), hit multi-week lows. BNB dropped over 10% from last week’s high, losing the critical $1,000 breakout level on Friday. During the pullback, the altcoin retested the $930 level as support, bouncing off this level over the weekend and reclaiming the crucial barrier yesterday morning. The recent price surge was driven by Kazakhstan’s announcement of its investment in the altcoin. On Monday, Kazakhstan announced the launch of its first crypto reserve, the Alem Crypto Fund, aimed at long-term investment in digital assets. According to the statement, Binance Kazakhstan is the strategic partner of the fund, which was established by the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan. As part of the partnership, Alem Crypto Fund made BNB its first investment. Nurkhat Kushimov, General Manager of Binance Kazakhstan, stated that “The fund’s choice of BNB as its first digital asset highlights the trust in the Binance ecosystem and marks a new chapter for institutional recognition of cryptocurrencies in Kazakhstan.”   Price Discovery Continuation In Q4? It’s worth noting that the BNB Chain ecosystem also saw a strong performance, with multiple projects built on the network leading in terms of profitability. As reported by NewsBTC, BNB Chain projects led Binance Wallet’s top ten Initial DEX Offerings (IDOs) list with up to 2,000x historical returns, while BSC projects led the top five Alpha trading volume rankings. Market watcher Daan Crypto Trades suggested that neither BNB nor BSC-related tokens’ rally is over yet, as the “market is eager for a narrative or chain to gamble on.” Analyst Ali Martinez affirmed that the token “still has many legs up,” suggesting that successfully holding this level could target new highs. The analyst previously stated that BNB’s price targets the $1,200-$1,300 area as part of its bullish breakout from its macro range. Turning the current area into support in the higher timeframes could set the stage for a price discovery continuation with a 20%-30% run in the coming months. On the contrary, a rejection from this level could see the price retest the $900-$930 area again. Related Reading: The Bitcoin Long: Bybit Traders Push BTC Taker Buy/Sell Ratio Above 24 Similarly, Altcoin Sherpa asserted that the cryptocurrency “has been the strongest major to recover so far from the dump,” adding that another rally later in the year is possible. As of this writing, BNB is trading at $1,002, a 1.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the crypto market recovers from the end-of-September correction, Ethereum (ETH) is attempting to reclaim the crucial $4,200 area. Some analysts affirmed that the altcoin’s bounce signals that a new leg up could be coming in the next few weeks. Related Reading: XRP Price May Not See An Explosive Rally In October As Expected, Here’s Why Ethereum Reclaims $4,000 On Monday, Ethereum continued to recover from the recent market pullback, surging nearly 6% from Sunday’s Lows toward a crucial barrier. Last week, the King of Altcoins recorded a sharp drop below the $4,000 level for the first time since early August, recording an eight-week low of $3,815 on Thursday afternoon. Over the weekend, the cryptocurrency reclaimed the $4,000 barrier before surging to the crucial $4,100 mark on Sunday afternoon. This level served as a strong resistance throughout the past two years, as it represents the cycle’s previous high and a key bounce area during the Q3 rally. It also marks the lower boundary of its local $4,100-$4,800 range. Market Watcher Daan Crypto Trades noted that the weekly candle on ETH’s chart closed above this level after “a solid effort by the bulls and a late Sunday push.” He added that it remains important to hold this area on the higher timeframes to target the range highs. In the daily timeframe, the trader considers Ethereum has “not the worst look” as the recent reclaim shows a clear invalidation of the range breakdown and a potential recovery continuation. Daan also suggested that the cryptocurrency could be “taking one out of BTC’s playbook,” and be preparing for a massive new leg up following the range consolidation and deviation. Similarly, Bluntz affirmed that ETH’s wave 4 on the daily timeframe “looks like it’s over with a leg higher into ath yet to come.” However, the analyst considers that the next all-time high (ATH) breakout won’t be as “sensational” as many believe, suggesting the $5,500 area as the main target. ETH’s Next Leg Up Two Weeks Away? Multiple market watchers highlighted a potential Power of Three (Po3) setup on Ethereum’s chart, signaling that the recent pullback was part of the second stage, manipulation, and the cryptocurrency is ready for the third phase, expansion. Meanwhile, Merlijn the Trader affirmed that Ethereum is displaying a similar setup that preceded the May and July rallies. At the time, ETH broke down from its local range during a liquidity grab, sending the Relative Strength Index (RSI) indicator to oversold territory. “This is the exact setup that birthed every violent reversal. Strong hands know it. Weak hands fold,” the trader affirmed. Additionally, he noted that the cryptocurrency could be repeating the late Q2 script’s timeline. Per the post, Ethereum saw a 66-day consolidation between the May breakout and the next pump in July. During this period, the second-largest cryptocurrency saw a price fakeout below the range around the 45-day mark before breaking out 20 days later. Related Reading: Bitcoin Could Go To Zero, Hedge Fund CEO Warns Last week’s correction below the local range occurred 46 days into the accumulation period, suggesting that a new breakout and leg up could come in the first half of October. “We’re at day 51. The longer the squeeze… The harder the detonation,” Merlijn stated. Nonetheless, analyst Ted Pillows added that for more upside, ETH must recover the $4,250 area, where a strong sell wall is located, until the $4,320 level. If it fails to reclaim this area, the cryptocurrency risks retesting he $3,600-$3,800 support once again. As of this writing, Ethereum is trading at $4,172, a 3.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After hitting a one-month low, Solana (SOL) has bounced from a critical support zone and is attempting to reclaim a crucial psychological barrier before potentially resuming its bullish rally. However, some analysts suggested that the cryptocurrency could retest new lows if the market volatility persists. Related Reading: SUI Retest Ascending Triangle Support Amid 8% Drop – Bounce Or Breakdown Next? Solana Price Retest Major Support On Thursday, Solana lost the $200 level as support after closing the day below this level for the first time in nearly a month. The cryptocurrency has been trading inside the $120-$220 price range since early February, finally breaking out of this range in mid-September. A week ago, the market’s bullish momentum and strong corporate treasury purchases pushed SOL’s price to an eight-month high of $253, leading many investors to anticipate the long-awaited rally to higher levels. However, this week’s pullbacks have sent most cryptocurrencies below crucial levels, with Bitcoin and Ethereum dropping to $108,000 and $3,800, respectively. Meanwhile, Solana has seen a 20% decline in the weekly timeframe, losing the $200 level. Analyst Sjuul from AltCryptoGems asserted that SOL was “in freefall after that nasty deviation back into the range.” If Solana fails to hold the current $190-$200 range, the analyst considers it would be “very difficult” to find strong support before the demand zone around $150, a level not seen since the start of July. Similarly, market watcher Wise Crypto also noted that Solana could be in a make-or-break retest, as it retests a critical support zone and the overall market still shows some signs of weakness. According to the post, SOL has been trading within an ascending channel since April, bouncing between the upper and lower boundaries throughout this period. If the market’s recent volatility continues, the cryptocurrency could retest the channel’s support zone, around the $177-$188 levels. “If this zone breaks, the next major support is down below $150 — so caution is key,” they added. SOL Bounce Eyes $200 Reclaim Despite the volatility, Wise Crypto also signaled that “Stochastic RSI is signaling oversold conditions, suggesting a potential bounce could be on the horizon.” As a result, if SOL holds this support area, a move toward the $250 barrier could follow. As Solana approached its major ascending trendline, Crypto Batman noted that SOL has bounced from this level each time it has retested it, suggesting that “In the midst of chaos, you have to look at things from a different perspective.” Notably, SOL bounced from the recent lows on Friday Morning and is currently attempting to break above the $200 psychological barrier. Nonetheless, the cryptocurrency must daily close above this key level and continue to hold it over the weekend to transform the pullback into a downside wick deviation in the weekly timeframe. Related Reading: Avalanche (AVAX) Price Holds Key Support, But Analyst Warns Rally Could Be At Risk Ted Pillows added that if this level is reclaimed, the $208-$210 area, near the 10-day Moving Average (MA), would be the next target. According to the market watcher, reclaiming and holding above that level would be the first bullish sign, which could potentially push Solana’s price toward $216–$220, near the 30-day MA. As of this writing, SOL trades at $199, a 1.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

SUI is attempting to hold a crucial area as support amid the recent market downturn. Some analysts suggest the altcoin’s price is retesting a make-or-break level that will determine the direction of its next big move. Related Reading: Avalanche (AVAX) Price Holds Key Support, But Analyst Warns Rally Could Be At Risk SUI Hits Two-Month Low On Thursday, SUI is retesting the local range lows after an 8% daily drop from the $3.40 area to a key support level. The recent market pullbacks have momentarily halted most bullish rallies, sending leading cryptocurrencies like Ethereum (ETH) to an eight-week low of $3,800. Now, SUI’s rally, which was fueled by institutional interest, Digital Asset Treasuries (DATs), and positive developments for the network, has declined over 21% in the weekly timeframe. The cryptocurrency has seen a strong three-month rally following its early Q3 breakout to its multi-month high of $4.44. The altcoin has hovered between the $3.10-$4.00 levels over the past three months, attempting to break out of this range multiple times. Last week, SUI’s price retested this area for the third time during this period, but has since been rejected from the range highs after failing to hold the $3.80 mark as support. Market watcher Daan Crypto Trades highlighted that the cryptocurrency has been “stuck” inside the $3.10-$4.30 range since May, briefly losing the support area during the June pullback. According to the trader, the five-month consolidation should eventually lead to a big price move out of the range.  “As we approach the range low/support, it’s back on my radar for a potential range play,” he noted, adding that it would need a strong bounce from this area to hold the macro range. On the contrary, Daan suggested that “If it sits there and doesn’t do anything, then that’s a red flag,” as it would risk losing the crucial multi-month support and retracing toward the June lows. Price Retests Make-Or-Break Level Amid the retracement, SUI is also retesting another crucial support. As multiple analysts pointed out, the cryptocurrency is trading within a textbook ascending triangle pattern on a higher timeframe. Notably, the price has been compressing within the pattern’s upper and lower boundaries since early Q2. Throughout the multi-month consolidation, each time the altcoin has bounced from the ascending support, it has retested the flat upper trendline. Ali Martinez highlighted that a successful breakout from the bullish formation’s resistance line around the $4 barrier would set the stage for a retest of its all-time high (ATH) level of $5.35 and an overall 75% rally toward the $7 area. Similarly, analyst Sjuul from AltCryptoGems affirmed that “it’s really time to pay attention” to the bullish formation, as the price compression continues and a break from the pattern seems imminent. Related Reading: Solana DATs Arrive In Australia: Fitell Corporation Announces $100M SOL Treasury Strategy Per the post, SUI’s price must hold the triangle’s rising lower trendline to be able to attempt to break out of the pattern again. Failing to maintain this key support, currently located around the $3.10 area, could invalidate the setup and lead to a retest of the $2.40-$2.90 zone. As of this writing, SUI is trading at $3.15, a nearly 10% decline in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After losing the $4,450-$4,500 area during the recent market downturn, Ethereum (ETH) is attempting to hold a crucial level as support. Some analysts suggest that the leading altcoin is poised to bounce soon as crypto treasury companies continue to bet on the cryptocurrency. Related Reading: Bitcoin Stuck In Neutral While Markets Roar — Analyst Explains Why Ethereum Eyes Rebound Amid $4,100 Retest On Monday, Ethereum’s price dropped around 7% during the largest liquidation event of the year so far. Notably, the crypto market saw more than $1.7 billion in leveraged positions liquidated over the past 24 hours, according to CoinGlass data. ETH led the losses with nearly $500 million in liquidations, followed by Bitcoin’s $284 million. This dragged the King of Altcoin’s price to the crucial $4,100 support for the first time since August, hitting a one-month low of $4,077. Daan Crypto Trades highlighted that today’s event was the largest nominal Ethereum liquidation since 2021, when the cryptocurrency’s price dropped around 45% in a single day. However, various market watchers noted that the price decline was relatively tame compared to previous liquidations of this scale. As the second-largest cryptocurrency dropped to the $4,100 support, some analysts suggested that Ethereum is gearing up for a rebound. Merlijn The Trader affirmed that ETH is “following the blueprint” to a five-digit target. Per the trader, the cryptocurrency rallied to its previous all-time high (ATH) of $4,800 after breaking out of a multi-year bullish pattern. Following its breakout from an Adam and Eve formation in 2021, the leading altcoin retested the level as support and consolidated around this area for three months before the next leg up. This time, Ethereum displays a new textbook setup with a multi-year descending triangle formation, which was broken out of last month and is currently being retested as support. According to the market watcher, ETH could see a 2021-like breakout toward the $10,000 barrier. Nonetheless, Ted Pillows asserted that the altcoin must hold the $4,100 area as support for a short-term bounce. “If this level is lost, Ethereum will drop towards the $3,700-$3,800 level,” the analyst warned. BitMine Holds 2% Of ETH Supply Despite the market downturn, corporations continue to bet on the second-largest cryptocurrency for their Digital Asset Treasury (DAT) strategies. BitMine, the second-largest crypto treasury, revealed that it has increased its ETH holdings to nearly 2.5 million tokens over the past week, as part of its goal to hold 5% of Ethereum’s total supply. BitMine now owns over 2% of the supply with 2,416,054 ETH, solidifying its position as the largest ETH Treasury in the world. According to the Monday announcement, the company now holds $11.4 billion in assets, including the 2.4 million ETH tokens, 192 Bitcoin (BTC), $175 million stake in Eightco Holdings for its “Moonshot” initiative, and unencumbered cash of $345 million. Additionally, the company is the 24th most traded stock in the US, with an average daily volume of $3.5 billion, according to 5-day average data from Fundstrat. Related Reading: Solana Faces Deadly Selling Pressure After 312,233 SOL Deposit Into Coinbase – Here’s The Value BitMine’s chairman, Thomas “Tom” Lee, stated that the company continues “to believe Ethereum is one of the biggest macro trades over the next 10-15 years,” adding that “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum.” As of this writing, ETH is trading at $4,145, an 8% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Charles Hoskinson has affirmed that Cardano (ADA) will steal the crypto spotlight as the altcoin attempts to hold a crucial level as support. Some analysts believe the cryptocurrency is preparing for a massive rally in the coming months. Related Reading: SUI Breakout In The Horizon? Price Eyes $4 Retest As Momentum Builds ADA Holds Key Support Zone Following Thursday’s market rally, Cardano has seen its price retrace 4% in the last 24 hours, failing to reclaim the range high for the second time over the past week. The altcoin has been trading between $0.72-$0.96 since July, hitting a local high of $1.01 last month. Despite the dip, ADA has held the $0.85-$90 zone as support, attempting to stabilize around this area throughout Friday morning. Analyst Sebastian suggested that the cryptocurrency must “start setting a new higher high, otherwise we could find ourselves in a head and shoulders pattern, which could result in a bigger retrace.” Cardano has been trading above an ascending support trendline since early August, bouncing from this key level twice this month. To the analyst, ADA’s trend will remain bullish as long as the price holds the trendline. On the contrary, a breakdown from this level could see the altcoin retrace to the macro support zone, between $0.50-$0.60. Market Watcher Altcoin Gordon pointed out that ADA recently broke out of its multi-month descending resistance after reclaiming the $0.85 level last week. Since then, the cryptocurrency has retested the trendline area as support, confirming the breakout. To Gordon, if the price continues to hold above this level, Cardano could see “a HUGE move to the upside.” Meanwhile, analyst Crypto Kid asserted that Q4 seasonality could see the altcoin repeat its 2024 end-of-year playbook. Notably, ADA broke out of its nine-month downtrend line during the November 2024 run, rallying 270% to its three-year high of $1.32. Now, the cryptocurrency displays a similar price action, retesting this level in the weekly timeframe multiple times over the past two months. “I’m betting on ADA repeating its history by breaking out October/November this year,” the analyst wrote. Cardano ETFs To Fuel Q4 Rally? In a late Thursday post, Cardano’s founder Charles Hoskinson also shared a bold outlook, affirming that it is “going to break the internet.” Despite not offering more details, the community noted that the recent growing momentum of crypto-based Exchange-Traded Funds (ETFs) could propel ADA’s rally. On Friday, Grayscale Investments launched its Grayscale CoinDesk Crypto 5 ETF (GDLC), the first multi-asset crypto ETF launched in the US. The investment product holds the five largest cryptocurrencies by market capitalization: Bitcoin, Ether, XRP, Solana, and Cardano. The Securities and Exchange Commission (SEC) approved the digital asset manager’s request to convert its Grayscale Digital Large Cap (GDLC) Fund into an ETF earlier this week. Since the announcement, investors consider the odds of a spot ADA ETF approval are higher. Related Reading: Bitcoin Set Up For ‘Promising’ Q4, Next Two Weeks Could Be Decisive According to data from the prediction platform Polymarket, the chances of the SEC approving the investment product in 2025 have increased from 79% on Wednesday to 91%. Notably, the regulatory agency delayed the deadline for Grayscale’s spot Cardano Exchange-Traded Fund in August, postponing the final decision date to October 26, 2025. Many expect that most spot crypto-based ETFs will be approved at the start of Q4, which could fuel a “spicy end-of-year” for many altcoins, including ADA. As of this writing, Cardano is trading at $0.89, a 1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

SUI nears a crucial resistance level as intuitional momentum continues to grow and the network scores major partnerships. Some analysts suggest that the altcoin could see a breakout to new highs if the current levels hold. Related Reading: Bitcoin Set Up For ‘Promising’ Q4, Next Two Weeks Could Be Decisive SUI $4 Retest In Sight On Thursday, SUI surged 4.2% from its daily opening to reclaim the $3.90 area for the first time in a month. The cryptocurrency has been hovering within the $2.50.00-$4.00 price range after the May breakout, hitting a multi-month high of $4.44 in late July. Since then, the altcoin has failed to reclaim the range’s upper boundary, being rejected twice from this key zone in the past two months. Now, its recent rally has propelled its price back to the range highs, nearing the $4.00 resistance once again. Analyst Sjuul from AltCryptoGems asserted that SUI’s low-timeframe structure “is super bullish,” highlighting the recent higher highs (HH). Following its recent breakout from a two-month falling wedge pattern, Sjuul affirmed that the altcoin also confirmed the high-timeframe bullish structure. The market watcher previously suggested that the cryptocurrency could be repeating a similar price action to its early Q3 breakout. Per the post, in Q2, SUI printed a new HH, followed by a correction within a falling wedge formation. Then, the cryptocurrency bounced from the local support and demand area, forming a lower high before rallying to a new HH at the start of Q3. Now, he considers that the price seems “ready to move higher” and that the next leg up could target SUI’s all-time high (ATH) levels. Similarly, Rekt Capital signaled that a successful breakout from the $3.80 would set the stage to revisit the $5.35 ATH. Notably, the current levels coincide with the resistance level of the cryptocurrency’s multi-month downtrend channel. Nonetheless, market watcher CW highlighted that SUI’s current sell wall extends from $3.85 to $4.00, suggesting that the price must hold this crucial area, or it will risk another rejection. What’s Behind The Momentum? SUI’s rally appears to be fueled by institutional interest, Digital Asset Treasuries (DATs), and positive developments for the network. This week, the Sui Network became one of the launch partners for Google’s Agentic Payments Protocol (AP2). The tech giant’s new standard for AI-driven payments allows AI agents to execute transactions on behalf of users. Moreover, Tuttle Capital joined the Exchange-Traded Fund (ETF) buzz and recently filed for a SUI Income Blast ETF to “seek current income” and “exposure to the share price of the daily performance of SUI.” It’s worth noting that at the start of the month, the Securities and Exchange Commission (SEC) delayed the final decision on the 21Shares SUI ETF to December 21, 2025. However, many expect that the investment product could be approved as early as October, alongside multiple other crypto-based ETFs that have been delayed for early Q4. Related Reading: BNB Chain Projects Lead Binance Wallet With 2,000x IDO Returns The current DAT strategy trend, which has seen corporations pour billions into cryptocurrencies as treasury reserve assets, has also contributed to SUI’s momentum. At the start of the month, Nasdaq-listed SUI Group Holdings announced it had total holdings of approximately 102 million tokens, worth around $403 million at current prices. The company also authorized a new $50 million stock repurchase program earlier this week. As of this writing, SUI is trading at $3.95, a 10% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the overall market continues to move sideways, Bitcoin (BTC) is attempting to reclaim its local range highs as support. After short-term volatility, fueled by the Federal Reserve’s (Fed) rate cut, the cryptocurrency could be poised to close the month on a positive note. Related Reading: BNB Chain Projects Lead Binance Wallet With 2,000x IDO Returns Bitcoin Nears Multi-Month Bullish Run On Wednesday, Bitcoin retested the $117,000 resistance for the first time in nearly a month before being rejected. The cryptocurrency has been hovering between the $107,000-$116,000 levels since late August, falling to the local lows at the start of September. Amid the retracement, investors expected to see another “Rektember,” as it has historically been one of BTC’s weakest months. Notably, CoinGlass data shows that BTC’s returns during September have mostly been red throughout the years, with an average negative return of 2.99%. However, the flagship crypto’s price has had a positive streak over the last two years, recording returns of 3.91% and 7.29% in 2023 and 2024, respectively. Analyst Crypto Jelle suggested that with less than two weeks of the month, Bitcoin appears to be setting up for a multi-month green run. Last week, BTC recovered from the early September dip, breaking out of the crucial $114,000 level and turning it into support during the weekend. As a result, the cryptocurrency currently has a positive return of 6.35%, its second-best September, according to the analytics platform. Jelle noted that “a green September has historically resulted in the next 2, 3, or even 6 consecutive months closing in the green too.” Based on this, he suggested that if Bitcoin keeps its positive performance for the rest of the month, “Q4 looks very promising for BTC.” BTC Retests Key Area Amid Volatility Analyst Rekt Capital pointed out that Bitcoin had a weekly Close above $114,000 and is retesting this area as support throughout this week’s pullbacks. This could lead to volatile downside wicks below this crucial level if this week’s close occurs above $114,000. On the contrary, failing to hold this level in the weekly timeframe could jeopardize BTC’s chances of a third price discovery uptrend. Overall, BTC needs to retest and hold $114k as support on the Weekly and any downside volatility below it would likely end up as a wick by the end of the week with the new Weekly Close. Multiple market watchers anticipated some volatility in the short term, as the Federal Reserve was expected to announce its first interest rate cut of the year. Altcoin Sherpa affirmed that “25bps is the expectation here” as “25 bps = Business as Usual but UP.” He added that this decision would likely result in a dip to the range lows or a choppy performance and “then higher in late Sept/ early October.” On Wednesday afternoon, the Fed lowered its rates by 25 basis points to a new range of 4.00% to 4.25%, marking the first rate cut since December 2024. Related Reading: Helius Joins Solana Treasury Trend With $500 Million Funding For New DAT Strategy “Recent indicators suggest that growth of economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated,” the Federal Open Market Committee (FOMC) announcement reads. BTC retested the $114,000 support and $116,000 resistance immediately after the announcement, before stabilizing around the $115,500 level. Featured Image from Unsplash.com, Chart from TradingView.com

As the BNB’s price continues to soar, BNB Chain projects are leading Binance Wallet’s top ten Initial DEX Offerings (IDOs) list with up to 2,000x historical returns. Related Reading: Helius Joins Solana Treasury Trend With $500 Million Funding For New DAT Strategy BNB Chain Projects Top Binance Wallet The BNB Chain ecosystem has seen a strong performance recently, with the Binance Wallet leading among IDO launchpads in terms of profitability, driven by the massive returns of various projects built on the network. According to CryptoRank data, the Binance Wallet has a current Return of Investment (ROI) of 4,495% and an all-time high (ATH) return of 7,976%, surpassing most IDO launchpads in multiple timeframes. Additionally, seven of the top ten tokens with the ATH IDO returns on the Binance Wallet are BNB Chain projects, with historical returns ranging from 20x to 2,000x. Decentralized derivatives exchange MYX Finance has seen a 2,102x ATH IDO return, leading the BNB Chain projects on the Binance Wallet. CoinGecko data shows that the token currently has a market capitalization of $2.07 billion, ranking 72nd among all cryptocurrencies by this metric. OKZOO, a decentralized AIoT (Artificial Intelligence of Things) network, comes second with a 413x return, followed by Alaya AI’s 40x, Myshell’s 36.8x, RICE AI’s 34.5x, Elderglade’s 24.5x, and Lorenzo’s 22x. Meanwhile, multiple BNB Chain projects among the top 20 tokens by IDO return in the Binance Wallet have achieved returns of over 15x, including Meet48, MilkyWay, Allo, Particle, and Bubblemaps. Dune data also shows that nearly two-thirds of Binance Alpha’s over 300 launched projects are BNB Chain tokens. Notably, the top five Alpha trading volume rankings are BSC projects, while eight of the top ten are from the BSC ecosystem. BNB’s Price Ready For $1,000? While the ecosystem surges, BNB, the network’s native token, continues its massive rally. The cryptocurrency is trading just 1.5% below its recent ATH and nearing the next crucial milestone, the $1,000 barrier. After hitting its previous ATH in August, the token traded within the $840-$900 area, but retested the lows during the start-of-September retrace. Its price broke out of the three-week range on Friday, turning the upper boundary into support over the weekend. On Sunday, BNB’s price surged to its $943 ATH before retracing to the $920-$935 local area. Market watcher CW noted that the cryptocurrency had formed a buying wall around $910, which served as support during the Monday retracement. Yesterday, the cryptocurrency was rejected from the local high and fell out of its two-day range, retesting the $910 level before bouncing. BNB reclaimed the $920 support and broke out of the $935 resistance level again on Tuesday morning, currently attempting to turn it into support. Related Reading: Bitcoin Risk Index Signals Stability: All Eyes On Fed Decision A successful breakout from this level would set the stage for a price discovery rally continuation, which targets the $1,300 mark, according to analyst Ali Martinez. On the contrary, a new rejection of this level could see the price retest the range lows again, and risk a drop to the $900 breakout level. As of this writing, BNB is trading at $936, a 7% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As investor anxiety grows over the possibility of a new bearish cycle, the case for Bitcoin (BTC) to resume its halted upward trajectory has gained significant traction among top market experts.  Market analyst Ash Crypto recently highlighted several key factors, including demand and supply dynamics, a surge in US equities, and increasing inflows from exchange-traded funds (ETFs), suggesting that the current market conditions could favor Bitcoin’s resurgence. Market Makers Accused Of Manipulating Bitcoin Prices In a post on X (formerly Twitter), Ash pointed out that while US stocks are reaching new all-time highs, Bitcoin has struggled to break above the $117,000 mark, currently consolidating between $110,000 and $115,000.  He argues that this situation is not indicative of weak demand, but rather the result of an alleged situation that is gaining strength among analysts: manipulation by market makers and exchanges. Related Reading: Bitcoin Price Plunge Sparks Outrage: Binance Targeted For Alleged Market Manipulation The analyst further highlights that historical data show Bitcoin’s price movements were primarily driven by spot market activities. Buyers would purchase coins, absorbing supply and driving prices higher. However, today’s landscape is markedly different. Ash Crypto suggests that the introduction of futures and derivatives has transformed how Bitcoin is traded. He alleges that exchanges discovered that creating synthetic Bitcoin contracts is often more profitable than dealing in actual spot Bitcoin.  The analyst notes that this shift allows undisclosed cryptocurrency exchanges to manipulate market movements using leverage and bypass the need for tangible Bitcoin. What Historical Patterns Suggest Ash pointed out that a situation indicative of this alleged manipulation was when Bitcoin recently touched $124,000, market makers and larger investors quickly shorted the asset through futures and exchange-traded funds.  This triggered a wave of liquidations for bullish investors that predicted a new leg up, causing the price of Bitcoin to plummet to the $107,000 mark only two weeks ago.  The analyst noted that although US equities are experiencing significant growth and liquidity is flooding into risk assets, Bitcoin is still caught in a cycle of manipulation that obscures its true value. Related Reading: The Big PEPE Price Breakout: Falling Wedge Pattern Points To 64% Rally In short, spot demand for Bitcoin continues to build, ETFs are steadily absorbing more coins, cryptocurrency exchange reserves are dwindling, and long-term holders are refraining from selling.  However, Ash Crypto notes that the presence of futures and derivatives for the cryptocurrency creates an “illusion of weakness,” reportedly designed to shake out retail investors from current market levels. Despite the current challenges, he notes that the current bullish cycle remains intact. Historical patterns from 2017 and 2021 show that Bitcoin often experiences periods of suppression and sideways movement before exploding higher, suggesting a potential new price discovery phase ahead for BTC. At the time of writing, Bitcoin was trading at around $114,969. It is still recording gains of nearly 3% and 6% in the seven- and fourteen-day time frames, respectively.  Featured image from DALL-E, chart from TradingView.com 

Solana (SOL) could be near the long-awaited price discovery phase after climbing to a seven-month high. However, an analyst suggested investors remain cautious, as the market rally is “closer to the end than the beginning.” Related Reading: Avalanche (AVAX) Hits 7-Month High After Key Resistance Breakout – Analysts Eyes $40 Next Solana Eyes Last Major Resistance On Friday, Solana reached a seven-month high of $241.84 after breaking out of its consolidation range earlier in the week. The cryptocurrency had been trading within the $120-$220 price range since the start of February, failing to reclaim the range’s high during the recent short-term recoveries. The ongoing rally has sent the cryptocurrency past multiple crucial barriers, “getting close to the final resistance,” analyst Crypto Jelle stated. He highlighted that SOL has been “quietly pushing higher, without anyone paying attention,” climbing 20% since Sunday. Now that the altcoin is attempting to reclaim the $240 area as support, the analyst pointed out that Solana has “one last hurdle to overcome” before price discovery.  According to the post, if SOL reclaims the $250 level, “the sky is the limit,” as this area has been a crucial macro resistance level over the past two years. To the analyst, turning this level into support could set the base for a rally to $600. Similarly, analyst Ali Martinez suggested that SOL’s main target sits at around the $1,314.41 level after the altcoin broke out of a massive three-year cup and handle pattern. Nonetheless, Altcoin Sherpa issued a warning to investors on X, stating that “Now is NOT the time to ape in gigantic.” He asserted that despite thinking that Solana, Ethereum (ETH), and BNB “generally go higher from here, (…) the bulk of the move is done for these.” The analyst explained that he will remain bullish “until shown otherwise,” and expects a great performance in the coming months, but noted that the bull run is “closer to the end than the beginning.” “We are lucky that the marginal buyers are Tradfi with these DATs but with Saylor not buying as much, hard to tell where the next set of flows come from,” he stated. ‘SOL Season’ Momentum Grows Bitwise’s CIO Matt Hougan recently forecasted a bullish Q4 rally for Solana, affirming that the cryptocurrency has “all the ingredients (…) for an epic end-of-year run.” He suggested that it could start a “Solana Season” fueled by exchange-traded funds (ETFs) and strong corporate treasury purchases. Notably, multiple spot Solana ETFs are awaiting the approval of the US Securities and Exchange Commission (SEC) after the regulatory agency delayed the decision deadline last month. As a result, issuers and investors are expecting a positive outcome around the first half of October. Additionally, the recently launched Solana Treasury company, Forward Industries Inc., announced it had successfully closed its private investment in public equity (PIPE) financing on September 11, securing gross proceeds of approximately $1.65 billion for the Company. As reported by NewsBTC, Galaxy Digital, Jump Crypto, and Multicoin Capital announced their plan to establish the SOL treasury company to purchase the cryptocurrency, stake it, and generate excess returns. Related Reading: Bitcoin Breakdown Averted? Analyst Says This Level Will Determine BTC’s Fate “Forward Industries intends to use the net proceeds from the offering primarily to purchase SOL, the native digital asset of the Solana blockchain,” the company reaffirmed in its Thursday statement. As of this writing, SOL is trading at $239.86, a 6.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Avalanche (AVAX) has reclaimed a crucial level as support after its recent rally, fueled by multiple bullish developments for the ecosystem. Some analysts forecast a massive rally toward the start-of-year highs if the momentum holds. Related Reading: Solana Season Next? Bitwise CIO Eyes ‘Epic’ Q4 Run Fueled By Corporate Demand Avalanche Eyes 35%-40% Rally On Thursday, Avalanche hit a seven-month high of $29.99 after breaking out of its multi-month accumulation range and turning the $26.50 resistance into support for the first time since February. The cryptocurrency has been rallying over the past few days, currently printing five consecutive green candles in the daily timeframe. Analyst Sjuul from AltCryptoGems noted that AVAX had been pushing on the key resistance, holding a series of higher local lows before smashing past this area. A breakout from this resistance level could set the stage for a rally to the start-of-year range between $40-$45, the market watcher signaled in a previous analysis. Similarly, Rekt Capital highlighted that Avalanche had been “working to build a cluster of stability” since late July, which resembles the mid-2024 re-accumulation range that preceded Q4 2024’s breakout. According to the analyst, “if repeated, could open the green pathway toward the red resistance region that is increasingly confluent with the Macro Wedge top.” He explained that AVAX has been forming Higher Lows in the weekly timeframe, positioning the price slightly higher with each retest. As a result, a weekly close above the $26 area, followed by a successful post-breakout retest, would enable AVAX price to reclaim the $30 resistance region and attempt to retest the Macro Wedge Top, currently around the $35 mark. Market watcher CW pointed out that Avalanche’s next sell wall exists around the $35-$36 area, suggesting that the cryptocurrency could retest this level in the coming days if momentum continues. Meanwhile, the next major support zone sits around the $24 level, which could be revisited in case of a rejection from the key resistance. Crypto Treasuries, Partnerships Drive Momentum As the market turns green again, multiple bullish developments have also fueled AVAX’s rally. According to recent reports, the Avalanche Foundation, the nonprofit behind the project, is seeking to raise $1 billion to establish two US-based crypto treasury vehicles. One of the deals, led by Hivemind Capital and advised by SkyBridge’s founder Anthony Scaramucci, aims to raise up to $500 million in a private investment in a Nasdaq-traded company. It is expected to be completed by the end of September. The other deal, which is expected to be closed in October, seeks to raise the same amount and involves a special purpose acquisition (SPAC) vehicle sponsored by Dragonfly Capital. Notably, the funds from the two deals will reportedly be destined to purchase millions of AVAX from the Avalanche Foundation’s reserves, which could continue to fuel momentum for the cryptocurrency. Related Reading: Bitcoin Breakdown Averted? Analyst Says This Level Will Determine BTC’s Fate Meanwhile, Ava Labs secured a strategic partnership with Toyota Blockchain Lab to build a blockchain-based system, the Mobility Open Network (MON), designed to pave the road for new emerging use cases, including robotaxi fleets. Additionally, the company behind the Avalanche Network also signed a Memorandum of Understanding (MoU) agreement with WeBlock to push Real-World Asset (RWA) tokenization and stablecoins in South Korea. As of this writing, Avalanche trades at $29.04, a 22.7% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After retesting the range lows, Bitcoin (BTC) has closed the week above a key area, momentarily preventing a breakdown to lower levels. Some market watchers suggested that reclaiming the local range highs this week will set the stage for another leg up, but an analyst warned of potential volatility in the coming days. Related Reading: Worldcoin Jumps 42% Following Eightco’s Announcement Of First WLD Treasury Strategy Bitcoin Holds Crucial Weekly Support As the market moves sideways, Bitcoin has continued to trade within its local range between the $108,250-$111,140 levels since the start of the month. The cryptocurrency has shown mixed signals since the second half of August, failing to hold the crucial $109,000 level during the previous week. Analyst Rekt Capital asserted that BTC was showing “early signs of weakness,” and could see a bearish confirmation if it failed to hold this key level in the weekly timeframe. However, the flagship crypto surged to the range’s high over the past few days and closed the week at around $111,137, averting the potential breakdown in the short-term timeframe. “Bitcoin indeed didn’t fully confirm the breakdown; instead, price has reclaimed the $109k level as support and is now trying to rally higher in an effort to check if $114k has turned into new resistance after being lost as support a few weeks ago,” the analyst noted. According to Rekt Capital, BTC’s retest of this level as resistance will be down to an inverse Head and Shoulders pattern forming on the daily timeframe, which has the $113,000 area as the pattern’s neckline. A daily close above this level could set Bitcoin up for a potential post-breakout retest of this zone, fueling a rally toward the key weekly resistance level. Ali Martinez also affirmed that breaking pass $113,000 would set the cryptocurrency “on track for $116,000 and possibly $119,000.” The New Key Pivot Point For BTC Rekt Capital highlighted that a daily close above this level would “also confirm that the price is going to occupy the upper half of the Daily Bollinger Bands,” as the middle band sits around the $112,000 level. “Turning the mid-point (orange) of the BBands into support tends to set price up for a move to the very top of the Upper Band, which happens to be around the $116k level,” he explained, noting that the upper band coincides with the Monthly Range High resistance level. The market watcher detailed that BTC has been consolidating within the Macro Monthly Range at $107,200-$115,711, recently bouncing from the range lows. As a result, its price “is now ready to try and challenge the Range High over time.” Bitcoin must close the week above $114,000 to retest the macro range high and build a base for a potential third Price Discovery Uptrend. “It’s all about $114k going forward as a key pivot point for price,” he concluded. Related Reading: ‘Corporate’ Altcoin Season? Expert Shares How Crypto ETFs, Treasuries Could Change The Market Notably, BTC attempted to break out of a key area on Tuesday morning, hitting the $113,000 mark before retracing to $110,000. Nonetheless, Ted Pillows warned that the cryptocurrency could face some volatility in the coming days as US CPI data is coming on September 11. He underscored that the last 3 CPI data resulted in a 9%-11% price drop for BTC, with August seeing the largest dip in the past few months. A similar correction could drive Bitcoin’s price to the $100,000 barrier, not seen since June. As of this writing, BTC trades at $111,276, a 1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Worldcoin (WLD) has seen a 40% daily jump following Eightco’s announcement of the first WLD treasury strategy in the world. Amid the rally, some analysts suggest that the cryptocurrency could see a 200% run to the December highs. Related Reading: ‘Corporate’ Altcoin Season? Expert Shares How Crypto ETFs, Treasuries Could Change The Market Eightco Unveils First Worldcoin Treasury Strategy On Monday, public e-commerce infrastructure firm Eightco Holdings Inc. announced it has secured a $250 million private placement to implement the first-of-its-kind Worldcoin treasury strategy. According to the press release, Eightco’s capital raise involved the sale of 171.2 million shares of common stock at $1.46 per share, with an additional 13.7 million shares issued to BitMine, the largest Ethereum (ETH) treasury company, at the same price. On September 8, BitMine announced a $20 million strategic investment into Eightco Holdings Inc. (NASDAQ: OCTO) as part of OCTO’s $270 million private investment in public equity. BitMine’s investment marks the start of its “Moonshot” strategy, aiming to allocate 1% of the company’s balance sheet into projects to strengthen the Ethereum ecosystem and create value for BitMine equity shareholders. Thomas “Tom” Lee, Chairman of BitMine, noted that the company “wants to support and back innovative projects that create value for the Ethereum network. As an ERC-20 native token, World is aligned with Ethereum. World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and their billions of human users.” Eightco stated that proceeds from the private placement will allow the company to adopt Worldcoin as its primary treasury reserve asset. It added that the treasury may also hold ETH as a secondary reserve asset, but the primary emphasis will be on WLD. “Worldcoin will serve as the Company’s primary treasury reserve asset. In connection with the closing of the offering, the Company intends to change the Nasdaq trading symbol of its common stock to ‘ORBS’, which is expected to take effect on September 11, 2025,” the press release reads. WLD Breakout Eyes 200% Rally Following the announcement, Worldcoin broke above the $1.50 barrier, hitting a three-month high of $1.58 and nearing a crucial resistance level. The cryptocurrency has been accumulating between the $0.60-$1.60 price range for the past seven months, failing to break out of this range during the May and August rallies. However, WLD has been recently gaining momentum, with its price surging around 30% over the weekend and reclaiming the $1.00 mark. Market watcher Alpha Crypto Signals noted that Worldcoin broke out of a nearly two-month falling wedge on the daily chart, signaling a potential trend shift for the token. They highlighted that WLD reclaimed the 9 EMA after the breakout, and the push beyond key resistance levels gave bulls the upper hand, adding that “WLD buyers took control exactly as anticipated.” Meanwhile, analyst LlucianoBTC pointed out a four-month falling wedge on WLD’s chart, affirming that Worldcoin is targeting a “spectacular” rally once the breakout is confirmed. According to the chart, the cryptocurrency has broken out of the formation’s resistance at $1.20 after two failed attempts, which could send the price to last year’s highs if momentum holds. Related Reading: Ethereum Price To Clear $5,000 If This Level Is Broken Similarly, Captain Faibik asserted that Worldcoin was on the verge of a multi-year trendline breakout on the daily chart, targeting a 200% rally to the December 2024 high, around the $4.00 area. Since then, the cryptocurrency has broken out of the major resistance and is attempting to reclaim the $1.50 level as support. As of this writing, Worldcoin is trading at $1.51, a 73% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) has seen a 4% bounce from the lows to retest a crucial resistance level, which could determine whether a breakout or a breakdown is next. Meanwhile, an analyst suggested that BTC’s final leg up and cycle peak could come in the coming weeks. Related Reading: No Ethereum Rally Until Q4? Analyst Eyes Choppy September Before New Highs Bitcoin Key Attempts Key Level Reclaim Following its recent drop, Bitcoin is now attempting to break out of its local range high and reclaim the $111,000 zone as support. As September started, the flagship crypto retested the $107,000 range low before bouncing 4% to the local upper boundary. Analyst Ali Martinez noted that BTC has been trading in a descending channel on the 4-hour chart for the past two weeks. The cryptocurrency retested the pattern’s upper boundary, around $110,700, breaking above this area on Tuesday morning. To the market watcher, Bitcoin needs to close above $110,700 for a meaningful rebound, as a confirmed breakout above this level could set the stage for a retest of $113,500. On the contrary, failing to reclaim this resistance will likely reinforce bearish momentum and deepen the correction, the analyst warned, adding that “the SuperTrend indicator also aligns with this zone, maintaining a bearish posture at $110,700.” Meanwhile, Sjuul from AltCryptoGems suggested that Bitcoin is attempting to replicate the same playbook of the recent significant pumps. According to the chart, the flagship crypto has entered a corrective period following a new all-time high (ATH), displaying a falling wedge pattern before breaking out again. Based on this, the $108,000 level is a key area for the bulls as it serves as a crucial bounce point. Holding this level would “confirm BTC’s strength on the higher timeframe, showcasing a formidable price action with resistance flipping and retesting.” To Sjuul, Bitcoin is at a “critical juncture to keep playing the same tune,” and failing to maintain it would increase the risks of a bigger correction to the $98,000 level, where the Weekly EMA50 sits. BTC To Peak In Coming Weeks? Rekt Capital gave a higher timeframe perspective for the flagship crypto, highlighting that BTC has shown mixed signals after failing to close the week above the $109,000 level. This level previously served as the final weekly resistance before new ATHs, which suggests it could be the first technical signal of a bearish confirmation. Nonetheless, he asserted that while the weekly timeframe is “showing early signs of weakness, the Monthly chart tells a different story.” Notably, Bitcoin has held its Macro Range of $107,200-$116,000. Additionally, monthly candles have produced long downside wicks throughout the cycle, with deep retests often occurring before trend continuation. This suggests that the broader market structure remains intact despite weekly pressure. As this week progresses, the cryptocurrency could see heightened volatility, tapping the $104,000 on a wick. He stated that “If the Weekly timeframe confirms rejection from $107k and progresses bearish confirmation, that could be the trigger for such a Monthly wick.” In this case, “then the goal for price would be to then resynchronize with the Monthly Range before the Monthly Close is in” to maintain the macro structure and set the stage for one last leg up. Related Reading: Ethereum Demand Spikes As Whales Add 260K ETH In 24 Hours The analyst also noted that the previous bull market lasted about 152 weeks, while this one is already 145 weeks into it. This could signal that there are only around seven weeks left if the current bull market were to repeat its previous performance. “If Bitcoin is going to peak in its Bull Market in mid-September/mid-October 2025 as per historical Halving cycles… That’s either two weeks away or 1.5 months away,” the analyst concluded. Featured Image from Unsplash.com, Chart from TradingView.com

As the crypto market continues to struggle, Ethereum (ETH) is attempting to hold a crucial zone as support to resume its bullish rally. However, some analysts suggest that the cryptocurrency will see another choppy September before the long-awaited Q4 run. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Ethereum Party To Be Delayed? Amid the recent market correction, Ethereum closed August around the $4,390 area, recording its highest monthly close since November 2021. The end-of-month market pullback sent the King of Altcoins’ price to the $4,250 area before bouncing, a 14% drop from its recent all-time high (ATH) of $4,956. The cryptocurrency began the new month attempting to reclaim the $4,500 level as support for the third consecutive day, but failed to hold this crucial area, dropping below its monthly opening. Market watcher Cipher X highlighted that ETH has historically seen mixed performances throughout September, with more red than green price action and an average negative monthly return of 6.1%. According to CoinGlass data, Ethereum has seen double-digit negative returns five times since 2016, losing 21.65% in 2017. Meanwhile, it has only recorded a positive return in the double-digits once, with a 14.53% performance in 2016. Nonetheless, the market watcher noted that if the altcoin’s performance stumbles this month, “history suggests the real rebound could come right after.” Notably, October and November have historically been green months for ETH, with an average return of 4.7% and 7.8%, respectively. “September might be choppy but the months that follow have usually been much friendlier to ETH,” the analyst affirmed. Similarly, Bitfinex suggested that “September could mark the cyclical low point before structural drivers reassert for a Q4 recovery.” In a Monday report, the crypto exchange explained that they expect the broader market pullback to conclude relatively soon, adding that, despite the recent sell-off, institutional accumulation of ETH remains robust, while only 18.3 million ETH currently sit on exchanges. ETH Q4 Take Off Eyes New Highs Michaël van de Poppe underscored ETH’s performance, affirming that Ethereum is “on its way toward a beautiful spot to accumulate before Q4 is ready to take off.” According to the analyst, the cryptocurrency could see a 10%-20% correction this month to the $3,900-$3,400 range, which served as an accumulation zone before the August breakout. Daan Crypto Trades highlighted that ETH has been hovering between $4,300-$4,500 over the past week, consolidating in the mid-zone of its local range. The analyst warned that the lack of momentum at the start of the month could see the cryptocurrency retest the range lows, where the 200-Day Moving Average (MA) and Exponential Moving Average (EMA) are situated in the 4-hour chart. However, he noted that breaking out and consolidating above the local range would lead to higher levels and into its price discovery phase. Related Reading: Dogecoin Price Risks Crash Below $0.1, But Can Bulls Facilitate This 800% Rally To $1.82 First? Meanwhile, market watcher Merlijn The Trader affirmed that Ethereum has entered the expansion phase as the $4,000-$4,100 zone has been retested as support throughout the recent pullbacks. Per the post, the multi-year trendline has been turned from resistance into a launchpad that will propel the cryptocurrency’s price to the $7,000 level once the breakout begins. As of this writing, Ethereum is trading at $4,268, a 4% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After a short-lived recovery, Bitcoin (BTC) is attempting to bounce from a crucial level to reclaim the $110,000 support. However, some analysts suggest that a retest of the $90,000 level could be the next stop for the cryptocurrency. Related Reading: Another Short-Lived Solana Rally? Here’s Why It May Be Different This Time Bitcoin Drops To Weekly Lows Bitcoin lost the $110,000 support for the first time in nearly two months, dipping below the lower boundary of its local range, between $108,700-$119,500. The flagship crypto hit an eight-week low of $107,900 on Friday afternoon, raising concerns for its short-term rally among investors. Crypto analyst Ali Martinez suggested that the market is starting to show signs of fatigue, with Bitcoin Dominance displaying cracks after carrying “the bulk of the bull market momentum.” To the analyst, BTC’s current price action signals a macro trend shift, mirroring the 2021 price action and the conditions that preceded the 2021 cycle peak. At the time, the cryptocurrency hit a peak of $60,000 in April, retraced, rallied to $70,000, and set a strong bearish divergence against the Relative Strength Index (RSI) before the bear market began. This time, Bitcoin is showing the same setup that foreshadowed the end of the last cycle, with price making higher highs while the RSI makes lower lows, Martinez explained. Among other technical signals, the analyst highlighted that the MACD indicator had turned bearish this week. He detailed that this bearish crossover aligns with the price drop and reinforces the downside risks. Meanwhile, he added that the recent death cross in the Bitcoin MVRV Momentum indicator “signals a macro momentum reversal from positive to negative. This is a historically reliable warning sign of cyclical tops.” The analyst affirmed that the on-chain evidence suggests Bitcoin’s top may be in, at least temporarily, with bias shifting bearish and a risk of retesting lower support levels. Will BTC Mirror Its 2021 Drop? Martinez also noted that the $108,700 support is crucial for BTC’s short-term performance, as a weekly close below this area would confirm a deeper trend shift, which occurred in 2021. After peaking in late 2021, the flagship crypto lost its local range above the $58,000 mark, which led to a retest of the macro range’s mid-zone and an eventual drop below the macro range’s lows in the coming months. If BTC loses its immediate technical floor, the price could retest the $104,500 and $97,000 support levels, risking a drop to the mid-zone of the macro range, around the $94,000 area. Altcoin Sherpa weighed in on the cryptocurrency’s performance, stating that Bitcoin should have strong support between the $103,000-$108,000 levels, as the 200-day Exponential Moving Average (EMA) sits around the $104,000 mark. Related Reading: XRP Shows Strength Amid $3 Retest, But Analyst Warns Of Potential Correction However, analyst Ted Pillows considers that $124,000 appears to be the local top. He explained that, historically, Bitcoin’s bottoms occur after a retest of the weekly 60 EMA, which currently sits around the $92,000 support zone and has a CME gap. “In this scenario, Bitcoin will start a reversal after 3-4 weeks and a new ATH by November/December,” Ted concluded. As of this writing, Bitcoin trades at $107,947, a 7.5% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana (SOL) is attempting to reclaim a strong resistance zone for the fourth time, which has led some investors to suggest that the rally won’t last long. Nonetheless, on-chain data suggests that SOL’s next leg up could be starting. Related Reading: XRP Shows Strength Amid $3 Retest, But Analyst Warns Of Potential Correction Solana Breaks Out Of Triangle Pattern On Thursday, Solana hit a six-month high of $216 after breaking out of one of its most crucial resistance zones. The cryptocurrency bounced 16% from Monday’s lows and reclaimed the $200 barrier as support on Wednesday, closing the day above this area. SOL briefly reclaimed this level during the early August breakout, but the recent market corrections dragged its price to the $175-$195 area. Amid Thursday’s rally, market watcher Daan Crypto Trades highlighted its performance, asserting that it is “at an interesting spot.” The trader explained that Solana is trading in a multi-month rising wedge pattern, currently nearing the resistance level that has held over the months. Notably, the cryptocurrency has been rejected from the pattern’s upper boundary multiple times since July, retesting the ascending support line on each occasion. Supporting SOL’s case, Daan argued that it has “been strong on the back of treasury vehicles being spun up and potential upcoming buying + frontrunning,” noting that “rising wedges are generally leaning bearish but in bull markets it’s nothing new for these to break towards the upside instead.” Based on this and the cryptocurrency’s recent performance, he forecasted that it would reach higher levels later this year. Similarly, analyst Ali Martinez pointed out a six-month ascending triangle pattern on the altcoin’s chart, which targets the $360 area. Solana retested the pattern’s resistance three times over the past month and a half, but ultimately failed to turn the $205-$207 zone into support. As the altcoin pushed past the $210 mark, the analyst raised the question of whether the ongoing breakout attempt will be successful or if SOL’s rally would be short-lived for the fourth time. Fourth Time’s The Charm? Martinez shared multiple technical indicators that suggest Solana could finally break out of this pattern and aim for the long-awaited $300 barrier. The analyst explained that the backdrop of social sentiment and on-chain positioning differentiate the current price move from the previous attempts. Unlike the previous breakout attempts, sentiment across the community is more subdued. “Historically, euphoric sentiment above the ‘230’ index level coincided with local tops, as excessive optimism preceded retracements,” he detailed. According to the analyst’s chart, sentiment is muted this time, which suggests “skepticism rather than crowded bullish positioning.” Additionally, around $1 billion in realized profits have been booked after the surge to $212, signaling that some traders likely remain unconvinced that momentum will hold during this attempt. He also highlighted that there are significant accumulation zones below $207, with multiple support zones between $165 and $206, providing a strong base to continue rallying, which contrasts with the lack of resistance above the $212 area. Related Reading: Cardano Retests Key Support As SEC Delays ETF Decision – Is An October Rally Brewing? “If buying pressure builds, the path toward $300 is comparatively less obstructed,” Martinez affirmed, adding that Solana’s fundamentals, including the proposed Alpenglow consensus upgrade, may also add fuel to the breakout. “With skepticism still present, strong accumulation below $207, and little resistance overhead, this attempt has a higher probability of succeeding compared to prior failures. A confirmed breakout above $212–$215 on sustained volume would shift focus to the $300 target zone,” he concluded. As of this writing, Solana is trading at $212, a 17% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com