Market Signal Briefing

MetaMask, the popular Web3 wallet developed by Consensys, has announced a points rewards program designed to incentivize user activity. The initiative, which rewards swaps and bridging transactions, is widely seen as a stepping stone toward the anticipated MASK token launch.

Driving User Engagement and Decentralization
CEO Joseph Lubin confirmed that the MASK token is “coming sooner than expected,” signaling that the points system will act as an early rewards mechanism. The move aligns with MetaMask’s broader decentralization goals, echoing past community distribution strategies like Uniswap’s UNI airdrop, which significantly boosted platform adoption.

Ethereum Market Impact
Analysts suggest that MetaMask’s initiative could increase Ethereum activity, as MetaMask remains one of the most widely used ETH wallets. With Ethereum’s market cap at $541.67 billion and recent gains of over 78% in the past 90 days, additional engagement could further fuel liquidity and DeFi growth.

Competitive Landscape
MetaMask’s points program is also a competitive response to other wallets, such as Rainbow, which already offer similar reward schemes. By launching MASK, MetaMask could strengthen its dominance in the non-custodial wallet market while expanding community governance.

Conclusion
By combining a points-based rewards program with its long-anticipated token launch, MetaMask is taking steps to solidify its place as a cornerstone of the Ethereum ecosystem. Analysts believe this strategy could reshape wallet competition while accelerating Web3 decentralization and user-driven growth.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.

Bhavesh Parmar

Bhavesh Parmar, a crypto enthusiast since 2022. Loves to guide others to understand blockchains, crypto currencies, NFTs, Metaverse and everything in Web3. He is passionate about his work and never stops his research on crypto.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Recent ledger data indicates that XRP has experienced a sharp increase in on-chain activity, with payment volume soaring to 1.58 billion XRP in a single day. The market is speculating about the potential implications of this abrupt increase in payments from one account to another, which indicates renewed momentum in network utility.

XRP payments gain tractionIn addition to being traded on exchanges, the payment volume metric measures the amount of XRP that is actually being used within RippleNet and other payment rails. This kind of spike is typically the result of increased institutional or settlement activity, as such large-scale surges are rarely explained by smaller retail movements. This shows that big players might be resuming or increasing their use of XRP for actual payment processes.

XRP/USDT Chart by TradingViewBy overcoming several resistances that had previously restrained its growth, XRP is demonstrating resilience on the price chart. The asset recently showed technical strength that corresponds to the on-chain payment spike by moving above the 26 and 50 EMAs. Strong network activity has historically boosted XRP breakouts, and we are starting to observe that now.

HOT Stories

XRP's payment-driven movementWhat does this mean for the future? If the volume of payments stays high, it may create a new story about XRP’s use in utility-driven payments. This, along with the historically positive trend for cryptocurrency markets in October, which is commonly known as Uptober, could pave the way for long-term growth.

But there are restrictions. Payment increases may indicate internal rebalancing or one-time sizable transfers, rather than always resulting in a direct increase in price. In order to determine whether volumes stay high or return to baseline, traders will be closely monitoring the situation.

The ability of XRP to maintain above $3.00 will be crucial in the near future. Longer-term recovery may become possible with a robust continuation above the present resistance zones, particularly if on-chain activity remains stable at these levels.

This increase in daily transactions of 1.58 billion XRP could indicate that the market is preparing for a larger breakout, or it could be a brief flare before a retracement.

The US shutdown stalls crypto-spot ETFs, but XRP may benefit as GLS rules could drive a simultaneous launch, reshaping market sentiment.

The gap between the two is $30 billion now.

The cryptocurrency tied to the world’s largest digital asset exchange has been on a roll lately, smashing new all-time highs on a regular basis, with the latest being above $1,100.

This has propelled its market capitalization to a peak of its own at roughly $150 billion as of the time of this writing. This puts BNB in a relatively close proximity to the likes of USDT and XRP. The question that we asked ChatGPT was: Will (or when) BNB can surpass both?

Can BNB Overtake XRP?
Although the current difference of $30 billion between the duo’s market caps is still quite significant, what’s more worrying to the XRP Army is the lack of actual momentum behind their favorite asset. Ripple’s cross-border token peaked in mid-July at $3.65, but it has failed to resume its run ever since and currently struggles at $3.00 even as the entire market is pumping.

In contrast, BNB, perhaps led by the hype around ASTER, has rocketed in the past month, gaining 30% compared to XRP’s more modest 7%. Its new all-time high came on Friday at just over $1,100.

ChatGPT outlined several other bullish factors behind BNB, including the global market dominance of the exchange behind it, the growing activity of the BNB Chain, and the burning mechanism, which reduces the amount of tokens until the total supply is down to 100 million.

At the same time, OpenAI’s chatbot acknowledged that XRP has been trading mainly sideways lately, and the momentum surrounding it appears to be lacking. It noted that the adoption progress of the XRP Ledger and RLUSD is relatively slow compared to speculation-driven hype cycles, such as BNB and ASTER.

“My take: Based on momentum + fundamentals, BNB has a strong chance of overtaking XRP by end of this year,” commented the AI solution.

In a more ‘bullish’ scenario for BNB, ChatGPT said the flippening can happen somewhere in October or November if the asset’s momentum continues and adds another 20-25%, while XRP stalls.

You may also like:

Ripple CTO Steps Down – How Will This Big Leadership Change Affect XRP?

Kazakhstan’s Alem Crypto Fund Makes First Move with BNB

Ripple (XRP) Breakout Delayed? Bearish Signals Suggest Further Downside Testing

Not So Fast
ChatGPT also outlined a different scenario in which XRP breaks out of consolidation and reaches new highs, thus maintaining or extending the gap with BNB. In it, the token and the company behind it would require a significant catalyst.

The most probable appears to be the potential approval of spot XRP ETFs in the US. The Securities and Exchange Commission has over a dozen filings on its desk waiting for a decisive decision after multiple delays. Many of those have a deadline set for October, and a green light could send the underlying asset flying, the AI chatbot said.

According to current odds on Polymarket, the chances for such financial products to hit the US markets by the end of the year are almost 100%.

Ripple ETF Chances on Polymarket

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A new technical analysis by crypto analyst ChartNerd has predicted the long-term trajectory of the XRP price. According to the expert, the cryptocurrency could be gearing up for a new all-time high, with price targets set at an impressive $27. Already, XRP is showing signs of building momentum after its recent rebound from the $2.8 level, but ChartNerd suggests that “the ride has just begun.”

XRP Price Structure Points To $27 ATH
ChartNerd’s latest analysis on X social media outlines XRP’s long-term price structure, which has been forming since its 2018 all-time high of $3.84. After peaking and then spending nearly seven years suppressed and consolidating within a symmetrical triangle, the altcoin has finally broken free of its constraints. This breakout had triggered an explosive rally in the cryptocurrency’s price, carrying it from $0.5 to $3.6 this year in rapid succession. 

Despite this impressive performance, ChartNerd explains that XRP’s price rally is far from over. The cryptocurrency’s structure suggests a much larger expansion is on the horizon, with Fibonacci Extension levels reinforcing the case for a $27 price target. Specifically, the 1.618 Fibonacci extension on the chart has been pointing to $27 ever since XRP’s 2018 high. A surge to this level would see the cryptocurrency exploding by an impressive 800% from current levels around $3. 

Source: Chart from ChartNerd on X
With the symmetrical triangle pattern now broken to the upside, the long-term chart suggests the token is finally ready to move toward higher levels. The analysis identifies critical points in the cryptocurrency’s bullish journey: a breakout impulse that shattered descending resistance, a new cycle of ascending support, and the confirmation of the previous Fibonacci targets. ChartNerd concludes his analysis by urging traders to prepare for a ride that has only just begun. 

Analyst Says XRP To Hit $5 First
In addition to his long-term projection, ChartNerd presented a short-term analysis that predicts XRP could skyrocket from its current price of $3 to $5, representing a roughly 66% surge. He shared a price chart that shows the cryptocurrency displaying a classic Bull Flag formation—a pattern that often signals bullish continuation after an upward move. 

During the time of his analysis, ChartNerd noted that XRP was bouncing off its 20-week Exponential Moving Average (EMA) around the $2.77 level, a key area of support to prevent further declines. The Bull Flag structure is clearly visible on the chart, featuring a strong flagpole that moves upward, followed by a period of consolidation within a downward-sloping flag. 

The breakout target from this Bull Flag formation points directly to the 1.618 Fibonacci Extension at $5.35. ChartNerd emphasized that while the altcoin still has work to do, holding above the 20-week EMA and breaking through flag resistance are critical to fueling this projected rally. More importantly, he says that the current Bull Flag pattern lies inside a larger flag with a bullish target set at $15.

XRP trading at $3.04 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Pexels, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
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October has been historically the most bullish month for Bitcoin, which earned the month the now-overused "Uptober" moniker within the cryptocurrency community. 

The month does live up to its facetious name, given that it has managed to remain in the green for seven years in a row. 

In 2023, Bitcoin surged by 28.5% in October. In 2021, the leading cryptocurrency soared by nearly 40%.

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There were only two years when Bitcoin was in the red in October (2018 and 2014). Both times, the cryptocurrency was in the middle of rather brutal bear markets that followed the speculative bubbles of 2013 and 2017. 

After a strong start, Bitcoin seems to be on track to extend the streak. 

Macro pictureAccording to Polymarket bettors, there is a 94% chance of the Fed cutting interest rates at the September meeting. 

Market participants are overwhelmingly betting on a total of three rate cuts in 2025. 

Fed rate cuts, which will make borrowing cheaper, are expected to further bolster risk assets. 
At the same time, there is also a lot of uncertainty about the economic impact of the ongoing government shutdown in the U.S. 

The U.S. stock market experienced a substantial correction during the longest shutdown to date that took place from Dec. 22, 2018, to Jan. 25, 2019. Back then, Bitcoin was in the late stage of a truly grueling bear market. However, the impact of this shutdown could be dramatically different, and the cryptocurrency is currently approaching a new record high. 

Traders will have to keep a close eye on key data from the Bureau of Labor Statistics regarding employment and unemployment, the Consumer Price Index (CPI), the Producer Price Index (PPI), as well as the GDP data.

Bitcoin/gold correlation Gold has been consistently outperforming Bitcoin this year despite having a significantly bigger market capitalization. As reported by U.Today, Fidelity's Jurrien Timmer previously predicted that gold could pass the baton to its digital rival in the second half of the year, but this has yet to happen. 

While gold keeps smashing new record highs, Bitcoin's price action remains stubbornly underwhelming as the cryptocurrency remains below its record peak.

As noted by analyst Chris Burniske,  the Bitcoin-to-gold ratio has slipped back to a historically important support level. 

This level could be a logical place for a future reversal if it actually manages to catch up with gold this year. 

ETF bonanza October is also on track to be a historic month for the cryptocurrency sector due to the sheer number of crypto ETFs that are expected to be approved this month. 

Issuers will be awaiting the SEC's decisions on a slew of altcoin ETFs designed to track such cryptocurrencies as Litecoin (LTC), Solana (SOL), Cardano (ADA), and XRP.

However, the aforementioned government shutdown might delay their approval. 

Key Takeaways
How are ENA and Sui performing technically?
ENA rebounded from its demand zone with targets at $0.70, $0.85, and $1.00, while Sui eyes a breakout toward $4.40.

What fundamentals are shaping the recovery outlook?
Sui netflows show $11.35 million in outflows signaling accumulation, and whales added 12M ENA amid the SUI Ethena Partnership boost.

Since last week, the Sui [SUI] Ethena [ENA] partnership has gained momentum with the announcement of suiUSDe, a synthetic dollar designed to power DeFi adoption on Sui. 

This collaboration between Sui, SUIG, and Ethena marks a significant milestone as it ties network growth to stronger fundamentals. 

While Sui positions itself for wider ecosystem expansion, Ethena continues to attract investor attention. 

The dual effect of a new stablecoin launch and rising market confidence has placed both tokens in focus as traders speculate on near-term breakout opportunities.

ENA price shows resilience from demand zone 
ENA recently rebounded from a key demand zone around $0.55, highlighting strong buying pressure that revived its short-term outlook. 

Price action now points toward resistance levels at $0.70, $0.85, and the psychological $1.00 barrier, which could serve as pivotal milestones for bullish continuation. 

Despite earlier declines, the latest recovery wave has reinforced investor confidence, creating renewed interest among traders anticipating higher levels. 

Momentum remains closely tied to sustained volume, as a decisive break above $0.70 could fuel broader upside acceleration toward the $1.00 mark.

Source: TradingView

Can Sui break free from its descending channel toward $4.40?
Sui has been consolidating within a descending channel, but recent chart movement shows signs of a potential breakout. 

The token bounced from the $3.08 support zone, with momentum now building toward the $3.91 resistance. A breakout above this descending channel could set up a bullish path toward the $4.40 target. 

Market sentiment around this setup has improved following steady recovery attempts, and traders continue to monitor whether price strength can extend further. 

The reaction at mid-channel resistance levels will be crucial in confirming a sustainable bullish reversal.

Source: TradingView

Weekly spot netflows show heavy outflows reflecting investor accumulation
Spot exchange netflow data for Sui highlights a significant weekly outflow of $11.35 million, reflecting strong accumulation behavior from investors. 

Outflows of this magnitude often indicate that tokens are being moved off exchanges for longer-term holding, reducing available liquidity and potentially tightening supply. 

This aligns with the price rebound from critical levels, reinforcing optimism that selling pressure is cooling. 

The steady pattern of outflows, combined with visible support on the chart, suggests that Sui’s ecosystem is receiving backing from holders preparing for extended upside.

Whale activity adds 12 million ENA 
Ethena has also benefited from rising whale activity, with large holders accumulating 12 million ENA tokens over the past week. 

This surge in accumulation signals confidence from influential players, especially as the token stabilizes from recent lows. 

Historically, whale demand has preceded stronger rallies, offering a potential bullish catalyst for price momentum. 

The timing of these purchases alongside the SUI Ethena Partnership and the suiUSDe launch strengthens the narrative that institutional and high-volume players are positioning early ahead of a broader breakout phase.

Can technical breakouts and ecosystem growth drive the next leg up?
The combination of the SUI Ethena Partnership, bullish technical setups, and strong whale accumulation creates favorable conditions for both tokens. 

If Sui confirms a breakout from its descending channel and Ethena pushes past its resistance levels, the upside potential becomes far more compelling. 

The alignment of ecosystem fundamentals with accumulation trends suggests that both projects may be poised for an extended recovery. 

While market volatility remains a factor, confidence around this partnership indicates that momentum could sustain into the coming weeks.

The tokens were part of a specific transaction that did not involve new issuance or dilution.

Key Takeaways

World Liberty Financial, a DeFi project with real-world asset tokenization focus and Trump family connections, sold tokens to mining firm Hut8 at $0.25 each.
The sale is part of a growing trend where crypto projects partner with mining firms to build treasury reserves, linking DeFi and traditional asset management.

World Liberty Financial, a DeFi project linked to the Trump family that emphasizes real-world asset tokenization, sold tokens to Hut8, a cryptocurrency mining company expanding into treasury management, at $0.25 each for treasury reserves.

The transaction comes amid a broader trend of crypto projects building treasury reserves through partnerships with mining firms, combining DeFi with traditional asset management strategies.

WLFI recently introduced initiatives for tokenizing assets such as real estate and commodities, integrating these with its stablecoin to support treasury reserve stability. The project has collaborated with external backers from regions like Abu Dhabi to enhance its stablecoin offerings as part of its treasury diversification strategies.

Disclaimer

An analyst has pointed out how a Dogecoin breakout could be coming, based on this technical pattern that the asset has followed over the years.

Dogecoin Is Currently Inside Accumulation Zone Of Long-Term Channel
In a new post on X, analyst Ali Martinez has talked about how Dogecoin is still in the accumulation phase of a technical analysis (TA) channel. The pattern in question is an “Ascending Channel,” a type of Parallel Channel.

Parallel Channels form when the price of an asset travels between two parallel trendlines. There are a few different variations of the pattern, depending on how the trendlines are oriented with respect to the chart axes. The Ascending Channel, the type that’s of interest in the context of the current discussion, involves trendlines that are sloped upward. That is, these channels correspond to a phase of upward consolidation in an asset’s price.

The upper line of the pattern tends to be a source of resistance, while the lower one is a source of support. Either of these levels not holding up can imply a continuation of the trend in that direction. This means that a surge above the channel could signal a bullish breakout, while a fall below it may lead to bearish action.

Now, here is the chart shared by Martinez that shows the Ascending Channel that the 1-week price of Dogecoin has followed over the past decade:

Looks like the weekly price of the coin is currently trading just below the channel’s support line | Source: @ali_charts on X
As displayed in the above graph, Dogecoin slipped below the support line of the Ascending Channel earlier in the year. This fall, however, didn’t immediately confirm a bearish breakdown, as the memecoin has seen a few instances over its history where temporary declines below the line have taken place.

During each of them, the coin ended up finding support in a zone bounded by the channel’s lower level and another parallel support line just some distance below.

From the chart, it’s visible that this same pattern could be playing out once more, as the asset has stabilized since entering this historical “accumulation” phase. For now, the coin is still trading inside this zone, but a surge back into the Ascending Channel could eventually arrive, if the past pattern is anything to go by.

Each of the previous returns into the channel led to notable gains for Dogecoin. “The breakout is coming,” says the analyst. “Stay alert!”

Another altcoin, Chainlink (LINK), has also been following an Ascending Channel recently, as Martinez has pointed out in another X post.

The pattern that LINK has been following over the last couple of years | Source: @ali_charts on X
As is visible in the chart, Chainlink’s 3-day price is currently trading near the mid-line of its multi-year long Ascending Channel. The analyst believes a surge to $47 could be next for the coin, corresponding to the upper line of the pattern.

DOGE Price
At the time of writing, Dogecoin is trading around $0.255, up more than 13% over the last week.

The price of the asset seems to have climbed up in the last few days | Source: DOGEUSDT on TradingView
Featured image from Dall-E, charts from TradingView.com

Crypto banking is evolving fast, and fintech startups are constantly searching for ways to maximize liquidity, manage risk, and streamline operations. Solana, known for its high-speed blockchain and efficient transaction processing, has become a go-to platform for startups exploring treasury management strategies.

XRP may be entering its most consequential window of the cycle, according to crypto analyst Cryptoinsightuk, who argues a cluster of momentum, liquidity, and structure signals now favors a powerful advance—potentially extending into triple-digit percentage gains if key levels fall in sequence. “This is the time,” he said in a video published today, adding that the three-day relative strength index (RSI) and cross-asset ratio charts are lining up in a way that historically preceded outsized upside for XRP.

The analyst begins with a quick framing of Bitcoin, noting that the market sits at a psychologically charged inflection just below all-time highs. He characterizes this zone as the “best risk-reward area to take a short,” not as a trend call but as a hedge for portfolios given proximity to prior peaks and well-defined invalidation. “I’m bullish, but I am cautious at $106,000,” he reiterated, referring to a visible liquidity pocket that he continues to flag as a magnet for price probes. He emphasizes his stance has been consistent: fully exposed on spot, cautious on leverage near resistance, and mindful of how quickly sentiment can flip when price revisits extremes.

XRP Price Could Rip 400%
XRP is the focus. On lower time frames, he sees open interest rebuilding and liquidity clustering overhead—most notably around the $3.40–$3.45 region—with thinner, newer pools below near $2.66 and $2.55. In his read, this is typical when an upside move begins to organize: resting liquidity accumulates above recent highs while late shorts leave footprints below.

On the daily, he identifies additional liquidity density around $2.11–$2.40, but stresses that the stack above is far larger, with a notable band between roughly $4.02 and $4.25 and intermediate reference points near $4.10. “The times when we’ve had big dense areas of liquidity like this… we run into that area, we struggled in it, and then boom—when we do break out higher, we’ve ripped,” he said. He points back to the earlier breakout from the $0.50s, where a similar pattern of layered overhead liquidity resolved into a multi-week melt-up.

The near-term momentum tell, in his view, is the three-day RSI crossing up from below 50—something he says closes today and has historically mattered for XRP. He logged three recent instances. The first preceded the move from roughly $0.50 to $2.70, a run he pegs at approximately 400% from mid-range to peak.

The second produced a smaller, but still notable, ~27% advance. The third, in late June, was followed by a ~68% climb. “The minimum push… was 27%,” he said, arguing that even a conservative replay would take XRP “just above this high that we’ve recently set,” while the upper bound of historical outcomes opens the door to far higher prints. “If we do madness… 470% would take us to $17 right now. Bring your emotions back in check,” he cautioned, underscoring that these are scenario brackets, not guarantees.

XRP three-day RSI crossing up | Source: YouTube @Cryptoinsightuk
Different Price Scenarios
From there, he moves into structure. On the daily chart he sketches a still-valid five-wave advance, with the present upswing acting as wave three of a larger third. Using Fibonacci extensions anchored to the last impulsive leg, his 4.236 projection lands around the $6.50–$6.80 zone, with one read producing ~$6.79 and another shorter-range draw yielding about $4.78.

He notes that prior extensions overshot by roughly 20%, which—if repeated—would imply a spike toward the “$8.20 region” before a sharper corrective reset and a subsequent fifth-wave push. To unlock those paths, he wants to see a series of higher-time-frame closes reclaiming major retracement thresholds: “A daily close above $3.20 would be great. If we start closing above $3.36–$3.43, we’re on for that $6.80 price target, especially if we can get the close above $3.65.”

Market-wide context could help. XRP dominance has broken its range and is building what he calls a bull-flag pattern on the three-day. The last confirmed three-day RSI bullish cross in XRP dominance marked the start of major upside phases; another cross now would, in his words, be “the time.

Meanwhile, Bitcoin dominance is flirting with a bearish rollover on the daily, complete with divergences near resistance. A renewed bleed in BTC dominance would mechanically free up relative performance for large-cap alts; in his ideal scenario, Bitcoin grinds higher toward or through the highs while XRP “just runs faster.”

At press time, XRP traded at $3.0246.

XRP price, 1-day chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Cardano (ADA) has long been recognized as a leading platform for smart contracts and decentralized applications. However, recent blockchain data reveals that many ADA holders are exploring newer projects, particularly Remittix (RTX), a PayFi-focused initiative.

In a significant policy shift, the Internal Revenue Service (IRS) has revised its stance on the taxation of unrealized gains and losses in the cryptocurrency sector. This move, announced on October 2, 2025, is anticipated to have a profound impact on the financial strategies of large corporations, particularly those with substantial holdings in digital assets like Bitcoin.

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The market is steadily moving forward, but it is important to consider additional risk factors that might disrupt the current state of affairs. Ethereum could form a double-top and hit multiple lows. XRP is on its path to $4 and keeps moving forward, while Shiba Inu has failed to break an important resistance level.

Ethereum's risk factorsAfter a strong recovery from below the $4,000 level, Ethereum (ETH) has been rising above $4,500 in tandem with the larger cryptocurrency market. Even though the momentum appears to be improving in the near term, the chart is indicating a possible red flag: a double-top formation that, if verified, could be fatal.

In technical analysis, one of the most well-known bearish reversal patterns is a double top. It occurs when the price twice reaches a high resistance level, is unable to break through and then declines again.

HOT Stories

According to Ethereum’s daily chart, the cryptocurrency previously reached a peak between $4,800 and $4,900 before falling. Traders are waiting to see if ETH will be rejected at these levels for the second time, as the price rises once more toward this resistance zone.

The double-top pattern might materialize and lead to a downward move if that occurs. Keeping an eye on the neckline between $4,000 and $4,100 is crucial. The double-top pattern would be confirmed by a clear breakdown below this range, which might pave the way for a decline toward the 200-day moving average, which is close to $3,500.

However, if Ethereum is able to break decisively above $4,900, the bearish thesis would be disproved, and ETH might reach new highs above the psychological $5,000 threshold.

ETH is currently torn between the technical threat of this reversal structure and the optimism fueled by the larger October crypto rally. Although resistance levels have not yet been tested, volume trends indicate that the rebound is strong.

This coming week will be important for Ethereum investors. The double top either solidifies into a bearish reversal that might signal the beginning of a more extensive correction, or ETH may establish a breakout that prepares the way for a new leg higher.

XRP keeps movingRecent sessions have seen XRP displaying strength, with a distinct break above declining resistance levels igniting fresh market optimism. Following weeks of sideways consolidation, the breakout has generated new momentum that may lead to a move up to $4.

The daily chart shows that XRP has successfully broken out of two significant downtrend lines that have been limiting price growth since the late summer. In addition to indicating fresh buying pressure, this breakout lays the groundwork for future highs. XRP is held above the shorter-term moving averages, which are starting to line up in favor of a bullish continuation, and is currently trading above $3.

XRP has been repeatedly rejected by the $3.20-$3.30 levels, which are the next immediate resistance. The argument for a shift toward the psychological $4.00 barrier would be strengthened by a successful close above this region. When XRP reaches this milestone, it would be one of the strongest recoveries since its precipitous drop earlier in the year.

On the downside, the 200-day moving average at $2.62 serves as an essential safety net for bulls, and support is currently located between $2.85 and $2.90. As long as XRP maintains these levels, the bullish argument is still valid.

The larger market context is what makes this move so intriguing. Known as Uptober, October has historically been a good month for cryptocurrencies, and the new wave of liquidity entering the market may create more tailwinds. The breakout in XRP might be the beginning of a much bigger trend if volume keeps increasing in tandem with price action.

Right now, everyone is watching to see if XRP can continue to gain momentum from its breakout. The path toward $4 is still very much in play if it can confidently clear the next resistance levels.

Shiba Inu's attempt failedThe crucial $0.000013 level was not reached by Shiba Inu’s (SHIB) recovery rally attempt, as sellers intervened at significant resistance levels. SHIB remains confined within a multi-month descending triangle, restricting bullish follow-through despite recent upward momentum.

SHIB was rejected on the daily chart at the 50-day EMA (orange line), and it is still capped below the heavier 200-day EMA (black line), which is presently trading close to $0.0000136. A significant obstacle that is keeping SHIB from regaining ground is this confluence of moving averages.

The first significant resistance zone that needs to be broken for a successful breakout is currently the $0.0000128-$0.0000130 region. SHIB remains vulnerable if those levels are not regained. The $0.0000120 level is the downside support, and a deeper floor is forming close to $0.0000115. Bearish momentum may pick up speed if the price moves below this area, possibly pushing SHIB in the direction of $0.0000105, which has served as a safety net several times in 2023 and 2024.

Volume did not follow through on the upside attempt, which is what makes this rejection noteworthy. It appears that large holders are still reluctant to push SHIB higher at this point because the move lacked the kind of strong buying pressure that typically confirms a breakout.

Until Shiba Inu makes a clear break above $0.0000130-$0.0000136, it will continue to consolidate with sellers in the lead. Bulls will need to see more momentum and fresh inflows in order to change the trend. A clean bullish breakout would be frustrating for traders if SHIB does not continue to hover within its triangle structure.

To put it succinctly, strong resistance is obstructing Shiba Inu’s upward trajectory, and unless it transcends the $0.000013 region, the possibility of another pullback is extremely real.

Tether, the issuer of the world’s largest stablecoin USDT, is expanding its footprint in the digital asset space with a new initiative focused on tokenized gold. According to Bloomberg, Tether is collaborating with Antalpha, a crypto miner financing firm, to raise at least $200 million for a new digital asset treasury centered around XAUT, Tether’s gold-backed token.

The planned fund will accumulate reserves of XAUT, a blockchain-based token supported by physical gold stored in a Swiss vault. With nearly $1.5 billion in market capitalization, XAUT is currently the largest tokenized gold offering on the market. This move comes shortly after Tether and Antalpha announced an expanded partnership to build infrastructure for XAUT-backed lending, custody, and redemption services. Antalpha also revealed plans to establish vaults in major financial hubs, allowing investors to redeem digital tokens directly for physical gold.

Antalpha is widely recognized as a key lender to Bitmain, China’s leading crypto mining hardware producer, offering both supply chain and margin loans. By extending its relationship with Tether, the firm is positioning itself as a central player in the tokenized gold ecosystem.

This initiative reflects Tether’s growing diversification beyond USDT, which currently boasts a supply of around $174 billion. The company has been actively investing in bitcoin mining, payments, renewable energy, and artificial intelligence. Earlier this year, Tether—alongside Bitfinex and SoftBank—backed XXI Capital, a bitcoin treasury firm. Reports also suggest that Tether is exploring fundraising efforts at a valuation near $500 billion to support further expansion.

CEO Paolo Ardoino has consistently promoted gold as a resilient store of value. Tether’s June attestation revealed it held $8.7 billion in physical gold, underscoring the company’s long-term commitment to the asset. By building a dedicated treasury for XAUT, Tether is aiming to strengthen its role in bridging traditional safe-haven assets with the digital economy.

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With major digital assets like Solana experiencing notable upside action once again, the broader cryptocurrency market appears to have flipped into a highly bullish state. Solana’s ongoing upward trend in price has coincided with a remarkable surge in the blockchain’s on-chain activity and adoption.

Q3 Blockchain Revenue Race Heats Up, And Solana Is Leading
Following a recent rally in the price of SOL, there has been a strong uptick in on-chain activity and engagement. Specifically, the Solana blockchain is experiencing substantial inflows, as revenue increases sharply.

The report from Solana’s official page on the social media platform X reveals that the blockchain is witnessing one of the fastest revenue growth rates in history. A surge in user activity, active DeFi participation, and a surge in demand for on-chain applications likely drive this sharp growth in revenue.

Furthermore, the development highlights the blockchain’s competitive advantage and durability in a dense market. While competitors have found it difficult to keep up, Solana’s effectiveness and scalability keep drawing in developers and funding, putting it at the vanguard of blockchain ecosystem expansion and profitability.

According to the data, Solana has cemented its position as a top-performing blockchain in the third quarter of this year in terms of overall revenue generated in the quarter. With over $222 million in revenue recorded in Q3, the blockchain has surpassed all major crypto networks in the sector.

SOL network revenue explodes | Source: Chart from Solana on X
It is worth noting that after dominating Q3 of 2025, Solana has now led all major crypto networks for 4 consecutive quarters as number 1. SOL’s persistent dominance in revenue for the past four quarters is obviously sending a strong message about SOL’s place in the future of decentralized finance and scalable blockchain infrastructure.

Over the last year, the platform highlighted that users on the SOL blockchain have paid the network more than $2.1 billion for blockspace. Interestingly, data shows that over 46% of the entire fees were paid in cryptocurrency.

SOL Blockchain Is Becoming The Hub For Stablecoins
The Solana blockchain’s adoption and interest are evidenced by the large number of stablecoin flows on the chain. In another X post from the official Solana page, stablecoin adoption on SOL is surging at an unprecedented pace when compared to other chains.

In terms of stablecoin inflows, the SOL blockchain is at the top, outpacing all layer 1 and layer 2 chains over a period of 24 hours. This development implies that SOL is becoming the go-to settlement layer for stablecoin transfers due to its lightning-fast transaction speeds and incredibly cheap costs, which encourage record inflows and on-chain activity.

With this dramatic increase in stablecoin inflows, SOL’s role in global crypto payments and Decentralized Finance (DeFi) is clearly growing. In addition, it solidifies the network’s standing as the leading hub for dollar-pegged assets in the dynamic blockchain market.

SOL trading at $231 on the 1D chart | Source: SOLUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

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Solana (SOL) has been riding an impressive wave of bullish momentum since the start of the month, recording steady gains and attracting renewed investor attention. The sixth-largest cryptocurrency by market capitalization is now being closely watched by traders after crypto analyst Ali Martinez suggested that SOL could surge to $520 if it secures a crucial breakout.

According to Martinez, Solana must achieve a weekly close above the $260 resistance level to unlock higher price targets. His analysis highlights a potential path for SOL, where surpassing this barrier could trigger a sustained rally toward $320, $400, and ultimately $520. This projection comes as Solana continues to reclaim key price zones, including the $230 level, while testing volatility-driven resistance points.

On October 4, Solana reached an intraday high of $234, inching closer to the critical $260 threshold. As of now, the token is trading at $229.14, reflecting a 1.39% daily increase and a remarkable 17.84% gain over the past week, based on CoinMarketCap data. These moves underscore growing confidence among investors, despite broader market uncertainties.

The optimism surrounding Solana is supported by several factors, including accelerating DeFi adoption, expanding institutional interest, and speculation about a possible spot Solana ETF. These developments have helped reinforce bullish sentiment, fueling expectations that SOL could extend its rally if momentum continues.

While questions remain about Solana’s ability to sustain its upward trajectory long enough to reach the ambitious $520 target, the token’s strong performance during the “Uptober” rally has strengthened its market outlook. With technical indicators aligning and investor confidence growing, Solana could be on the cusp of another significant breakout.

At this stage, traders are closely monitoring whether SOL can decisively overcome the $260 resistance zone—a move that could mark the beginning of its next major bull run.

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Aster price has captured market attention with a strong breakout from its falling channel, signaling renewed bullish momentum. The move comes as open interest continues to rise, confirming traders’ growing conviction. With accumulation trends strengthening, confidence in Aster’s short-term and long-term upside remains intact.

Currently trading around $1.93, Aster price has successfully reclaimed the 0.5 Fibonacci level at $1.97, reinforcing the validity of its breakout. Technical checkpoints now point to resistance at the 0.618 retracement near $2.08 and the 0.786 level around $2.23. A decisive push through these barriers could pave the way toward the highly anticipated $3 target. Analysts further suggest that if Aster follows a similar trajectory to HYPE’s all-time high, its long-term price potential could extend toward $9.69, underscoring substantial upside beyond Fibonacci projections.

Supporting this bullish setup, derivatives data from CoinGlass shows an 8.89% rise in open interest to $1.37 billion, aligning with the breakout structure and suggesting strong participation from market players. Such expansions typically signal trend continuation, further validating the current momentum.

Adding to this optimism, whale accumulation has surfaced as a key driver. On-chain data revealed that a whale invested $5 million USDT to acquire 2.74 million ASTER tokens, raising its holdings to more than 3 million worth approximately $5.95 million. This large-scale purchase not only absorbs available supply but also reflects long-term confidence in the project’s fundamentals.

Another potential catalyst comes from reports of ASTER deposits moving into Binance wallets following CZ’s endorsement. Experts believe this could signal early preparations for a Binance listing, a development that historically fuels strong upward price reactions across the market.

In summary, Aster price remains technically robust, supported by breakout confirmation, rising open interest, and whale inflows. With the possibility of a Binance listing adding further momentum, the token is firmly positioned to test higher resistance levels, with the $3 psychological mark now clearly in focus.

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Binance Coin (BNB) price has entered a powerful bullish phase after breaking through a key resistance level and setting fresh all-time highs. According to crypto analyst Javon Marks, this breakout has opened the door for further gains, with a new price target of $1,520 now in sight.

BNB price recently cleared the $1,085 resistance level, a crucial milestone that strengthens bullish momentum. The altcoin currently trades around $1,148, comfortably holding above the newly flipped support zone after recording an all-time high near $1,167. Marks’ analysis points to an additional 33% climb, making $1,520 a realistic near-term objective.

The technical picture supports this outlook, as BNB’s ascending trendline continues to guide price action higher with consistent higher lows. On the daily chart, indicators confirm strength: the Directional Movement Index (DMI) shows +DI leading –DI, while the Average Directional Index (ADX) reads 33. With ADX holding above 25, the uptrend is considered robust, signaling sustained buying pressure.

Alongside technical momentum, derivatives data adds further conviction to the bullish case. CoinGlass reports that BNB derivatives trading volume has jumped 129.26% to $5.59 billion, while open interest surged 24.53% to $2.39 billion. Options volume also spiked by over 52% to $8.77 million, underscoring rising investor appetite for directional exposure. This surge in capital inflows reflects strong confidence in BNB’s ongoing rally.

Beyond trading metrics, Binance’s ecosystem growth is also supporting sentiment. The BNB Chain has gained recognition as a leading platform for real-world asset (RWA) tokenization, spanning gold, treasuries, and other financial instruments. This growing utility strengthens its long-term investment case, complementing short-term speculative activity.

With both technical and derivatives data aligned, the probability of Binance Coin price reaching $1,520 has increased significantly. The breakout above $1,085 has set the stage for extended gains, keeping BNB firmly in the spotlight as one of the top-performing cryptocurrencies in the current market cycle.

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DeepSeek AI Predicts XRP, Solana, and Pepe have outlined paths for outsized gains, with Bitcoin having neared its peak and October seasonality in play. U.S. policy changes, from stablecoin reserves to SEC modernization, have provided added clarity for an altcoin advance.

James Lavish, co-founder of the Bitcoin Opportunity Fund, a hybrid bitcoin-based fund, referred to the bullish outcome of institutional involvement in the bitcoin market. Lavish assessed that, due to the nature of their purchases, institutions will eventually take bitcoin into price discovery stages.

According to on-chain metrics, BNB climbed to a record high of $1,111 and traded around $1,110 after an 8% jump in the past 24 hours.

Data shows nearly $400 million in positions were liquidated across the BNB market in the last day, with close to $270 million of that coming from short positions and $127 million from long positions.

Liquidations And Short Squeeze
The heavy liquidation figure points to a sharp and fast move that forced leveraged traders out of the market. Short sellers bore the brunt, which helps explain the sudden surge.

Rapid liquidations can push a price higher quickly, and that kind of move often brings extra volatility right after the spike.

The token has gained 17% over the last seven days and has doubled in value over the past 12 months.

Reports have disclosed that trading activity now dominates BNB Chain, and such sudden flows often feed momentum traders and bots.

ATH szn in full swing 🫡

1 BNB = $1111 pic.twitter.com/69l8eEPgY3

— BNB Chain (@BNBCHAIN) October 3, 2025

Macro Signals And Rate Expectations
Based on market coverage, broader market forces have also been at play. An unexpected ADP payroll print showed a decline of 32,000 jobs in September versus forecasts calling for a 50,000 gain.

Official US employment data took a timeout amid stoppage of government functions, leaving traders to weigh partial signals. The CME FedWatch tool put the odds at about 97% for a 25 bps rate cut at the October 29 Fed meeting, and it flagged another potential cut at the December 10 meeting.

Those shifting rate expectations appear to have pushed some investors toward assets like gold and cryptocurrencies.

BNBUSD currently trading at $1,104. Chart: TradingView
Network Changes And Fee Cuts
BNB Chain’s own moves helped the rally. Validators cut the minimum gas fee from 0.1 Gwei to 0.05 Gwei earlier this week, following prior reductions that moved fees from 3 Gwei to 1 Gwei in April 2024 and then to 0.1 Gwei in May 2025.

Block intervals were tightened from 750 milliseconds to 450 milliseconds, and proposals now aim for per-transaction fees near $0.005 with a longer-term target of $0.001.

Today, all BNB Smart Chain (BSC) validators and builders have adopted the new minimum gas price of 0.05 Gwei and BSC is fully ready to accept transactions at this rate.

That’s ~$0.005 per transaction, making BSC one of the most cost-efficient blockchains in crypto.

What this… https://t.co/qEAHIUHVRI pic.twitter.com/56g86yHgWN

— BNB Chain (@BNBCHAIN) October 1, 2025

Validators say staking APY has stayed above 0.5%, and they argued lower fees help keep trading activity strong. Trading-related transactions reportedly grew from about 20% at the start of 2025 to 67% by June.

Sovereign Interest And Market Positioning
Meanwhile, Kazakhstan’s state-backed Alem Crypto Fund named BNB as its first investment asset. The Ministry of Artificial Intelligence and Digital Development set up the reserve, while the Qazaqstan Venture Group, under the Astana International Financial Centre, manages the fund.

No purchase amount was disclosed. A state-linked decision to hold BNB adds a public-facing validation that could matter to some institutional and regional players.

Featured image from Nicolas Martinez, chart from TradingView

Journalist

Posted: October 4, 2025

Key Takeaways
How does Tron’s supply crunch shape its upside potential?
Tron’s shrinking supply and high staking ratio limit liquidity, boosting bullish momentum but also heightening volatility risks.

What market signals confirm Tron’s next major move?
Holding the ascending trendline and $0.355 resistance with strong taker buys, and positive funding could fuel continuation, while a breakdown under $0.331 weakens momentum.

Tron’s [TRX] supply has been shrinking steadily, with nearly 89% of circulating tokens locked in staking, creating a highly illiquid environment that amplifies volatility. 

This scarcity strengthens bullish momentum and sets the stage for potential upside toward the $1.1 mark. 

However, such limited liquidity also magnifies the impact of sudden unstaking events or exchange inflows. While the long-term structure remains supportive, short-term market conditions are fragile. 

The market now faces a decisive moment where supply scarcity could trigger an aggressive rally or lead to sharp corrections.

Can TRX price sustain momentum above its ascending trendline?
The daily TRX chart shows the asset holding firmly above an ascending support trendline, reinforcing a bullish structure that has been intact since July. 

Key resistance sits around $0.355, while support has consolidated near $0.331, giving traders a clear range to monitor. 

A breakout above resistance could spark an extended push toward $0.40, supported by strengthening momentum. 

However, failure to hold the rising support trendline could expose TRX to downside risks. The ability to maintain higher lows is now a critical driver of sentiment across the market.

Source: TradingView

Futures taker buy volume signals traders are driving the upside
The Cumulative Volume Delta (CVD) reflects a surge in taker buy activity, confirming that futures traders are aggressively leaning long on TRX. 

This dominance of buy-side flows underlines the conviction behind recent price resilience and suggests that derivative traders expect continuation. 

While such positioning can accelerate rallies, it also increases the risk of volatility if momentum stalls.

A sudden shift toward profit-taking or liquidation could quickly reverse gains. However, as long as buying pressure remains dominant, the Futures market continues to reinforce bullish momentum for Tron.

TRX positive Funding Rates keep supporting bullish appetite
Funding Rates across TRX Perpetual Futures have remained slightly positive at 0.009%, as of writing, signaling that the majority of traders are paying to maintain long exposure. 

This persistent green bias highlights strong conviction among leveraged participants and supports higher spot prices when combined with technical and on-chain signals. 

However, elevated long positioning often introduces the risk of sharp pullbacks if funding becomes overheated. 

Still, the current modest levels of positivity provide room for upside without immediate liquidation risks. This balance keeps the broader market tone cautiously optimistic for further gains.

Can TRX maintain its bullish foundation?
Tron’s tightening supply, strong staking ratio, ascending support, dominant taker activity, and positive funding all point toward a sustained bullish setup. 

Yet, the same factors that amplify upside potential also heighten volatility risks, especially if unstaking or profit-taking accelerates. 

In the near term, maintaining momentum above $0.355 could unlock further rallies, while a breakdown under $0.331 would weaken the bullish case. 

For now, the structure favors continuation, suggesting Tron has the foundation to maintain its bullish footing if demand remains steady.

Polymarket bettors are split 50/50 on whether Pump.fun's token will hit a new all-time high amid record trading volume, $500M in fees, and persistent questions about the sustainability of meme-driven token ecosystems.

Key takeaways: 

Bitcoin rallied 14% in a week, eyeing $124,000 amid a US government shutdown.

Onchain data showed a $1.6 billion surge in buying and a Coinbase premium gap of $92, signaling US-led demand.

Analysts see resistance near $130,000, with price discovery possible next week.

Bitcoin (BTC) has staged a fierce rally over the past week, climbing 14% to trade a few dollars away from $124,000 from a range low near $108,600 last Friday. This surge could nudge Bitcoin into fresh price-discovery territory above $125,500, as the total crypto market cap pushed above $4.21 trillion, a mark that underscored the broad strength of this rally.

Bitcoin one-day chart. Source: Cointelegraph/TradingViewOne surprising catalyst behind this price rise is the US government shutdown and how markets appear to be ignoring it. As federal agencies furlough staff and economic data releases face delays, investor uncertainty is rising.

In these conditions, Bitcoin has directly benefited, rising 8% since the shutdown, with traders positioning around the lack of clear policy direction. The government halt also complicated the Federal Reserve’s decisions since inflation and jobs data could be postponed, heightening speculative flows into crypto.

In comments to Cointelegraph, Bitfinex analysts said,

”Bitcoin’s movement toward a new all-time high appears genuinely organic. We suspect that Trump’s announcement of potentially considering a stimulus cheque for every citizen, funded by tariffs, could also contribute to a further rise in Bitcoin’s price. This could mirror what we witnessed following the Covid stimulus cheques. Meanwhile, steady ETF inflows provide a clear tailwind.”Referencing macroeconomic conditions in the US, the analysts explained that “macro conditions remain supportive, with inflation easing and the Federal Reserve adopting a more dovish stance, which boosts appetite for risk assets. […] If inflows remain consistent and macro data does not deliver any upside surprises, the path toward more new all-time highs in Q4 appears well supported."

Onchain BTC buying pressure mountsOnchain data confirmed the surge is driven by strong demand. Analyst Maartunn noted a taker buy volume spike of over $1.6 billion in one hour across all exchanges.

Meanwhile, the Coinbase Premium Gap, which measures price differences between Coinbase and Binance, rose to $91.86. Analyst Burak Kesmeci explained that US investors are paying nearly $92 more per Bitcoin on Coinbase, signaling strong US-led demand. 

Bitcoin Coinbase Premium Gap. Source: CryptoQuantHowever, this is the highest premium since mid-August, a level where bullish momentum has historically cooled in 2025. 

Price discovery outlook for next weekWith Bitcoin pressing near record highs, analysts expected price discovery in the coming week. Crypto trader Jelle noted,

“$120,000 being turned into support today. Hold it over the weekend, and I expect price discovery to resume as early as next week.”Trader Rekt Capital described this stage as “Phase 3 Price Discovery” of the current cycle, the breakout phase, where new highs get established.

Analyst Skew pointed out that while demand is robust, heavy sell orders cluster around $130,000, making that the next key resistance. The analyst also highlighted the strong US inflows via Coinbase and large “risk-on” positioning on Binance, stressing that the upcoming daily closes will be critical in confirming whether BTC can sustain momentum. 

Bitcoin market analysis by Skew. Source: XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.