Market Signal Briefing

Ethereum price started a recovery wave above $2,850. ETH faces resistance near $3,000 and might start a fresh decline in the near term.

Ethereum started a recovery wave above $2,800 and $2,850.
The price is trading above $2,850 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $2,970 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it settles below the $2,840 zone.

Ethereum Price Faces Resistance
Ethereum price managed to stay above $2,650 and started a recovery wave, like Bitcoin. ETH price was able to climb above the $2,740 and $2,800 levels.

The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $3,058 swing high to the $2,620 low. However, the bears seem to be active below the $3,000 resistance zone. There is also a key bearish trend line forming with resistance at $2,970 on the hourly chart of ETH/USD.

Ethereum price is now trading above $2,840 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $2,950 level and the 76.4% Fib retracement level of the downward move from the $3,058 swing high to the $2,620 low.

Source: ETHUSD on TradingView.com
The next key resistance is near the $2,970 level. The first major resistance is near the $3,000 level. A clear move above the $3,000 resistance might send the price toward the $3,050 resistance. An upside break above the $3,050 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,250 in the near term.

Another Drop In ETH?
If Ethereum fails to clear the $2,950 resistance, it could start a fresh decline. Initial support on the downside is near the $2,840 level. The first major support sits near the $2,780 zone.

A clear move below the $2,780 support might push the price toward the $2,740 support. Any more losses might send the price toward the $2,650 region in the near term. The next key support sits at $2,550 and $2,500.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,800

Major Resistance Level – $2,950

Exploding institutional appetite for bitcoin is igniting a new wave of market momentum, with major banks, advisory giants, and survey data all signaling that crypto demand is accelerating toward mainstream adoption. 2,000+ Advisors Probe Bitcoin Strategies With Traditional Finance Racing Into Crypto Bitwise Asset Management CEO Hunter Horsley shared on Nov.

Bitcoin prices bounced back on November 24.

getty

Bitcoin prices have bounced back over the last several days, climbing to almost $90,000 after the digital currency’s downward trend, which brought it to several local lows, seemingly ground to a halt.

The world’s most prominent digital currency rose to more than $89,200 on Monday, November 24, according to Coinbase data from TradingView. This represented a gain of more than 10% after the cryptocurrency dropped to almost $80,500 on November 21.

Following the latest rally, bitcoin may have bottomed out, according to the YouTuber who goes by Wendy O.

Another analyst, Tim Enneking, described the situation in more certain terms, claiming it was inevitable that the digital asset would reach a local nadir.

He delved into what caused this event to materialize, stating via email that “I wouldn’t label what happened prior to this past weekend when BTC started to recover a ‘capitulation;’ it was more like ‘sheer stubbornness.’"

Enneking claimed that digital asset treasuries (DATs) played a key role in this recent resurgence, stating that “I think the most important aspect of the market just driving through this correction was bitcoin (and other tokens, especially ETH) treasury companies.”

“After being patient and watching the markets drop, the pause above $80k for BTC triggered the conclusion for those companies that it was time to get back in,” he claimed.

“The explanation is purely psychological, as was the drop. Unlike prior retracements, however, this is the first rapid retracement we’ve seen since institutions became major players, particularly with respect to BTC.”

When explaining what drove these latest gains, analysts highlighted several factors. Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, stated that “These gains were fueled by a mix of short-covering, renewed ETF inflows, and bargain-hunting after the sharp drop toward $80k.”

“Traders saw that level as oversold relative to fundamentals, so once selling pressure eased, dip-buyers stepped in and forced shorts to unwind,” seemingly depicting the recent runup as a natural bounceback.

Julio Moreno, head of research for CryptoQuant, offered a similar take, stating that “it seems to be a relief rally after the heavy selling of the prior weeks.”

“For example, short term holders that sold realized large losses, as shown in the short-term holder SOPR, which declined to 0.93 on November 22, the lowest so far this year,” he said via Telegram. “This means that short-term holders realized a 7% loss on average.”

The chart below illustrates these developments:

Bitcoin's Short Term Output Profit Ratio, defined as "a ratio of spent outputs (alive more than 1 hour and less than 155 days) in profit at the time of the window"

CryptoQuant

FOMC Rate Cut Expectations Multiple analysts focused on expectations that Federal Open Market Committee will cut the benchmark rate at their upcoming policy meeting and how that is impacting risk assets, including cryptocurrencies like bitcoin.

The projected odds that Federal Reserve policymakers will implement such a rate cut in December increased to more than 80% today, according to CME FedWatch data.

Greg Magadini, director of derivatives for digital asset data provider Amberdata, commented on this development, emphasizing that it coincided with the broad gains that the markets experienced today.

Magadini - “Last week, the odds were 50/50 (see CME FedWatch Tool),” he noted via email.

“Combine this with low volume holiday week trading, and we have an easy path higher into an EOY rally as the markets are bouncing from severe lows.”

Plug Power is a leader in the hydrogen fuel cell industry, but the company has incurred large losses. The stock has tumbled 92% over the past five years.

November 24, 2025 9:31 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 24, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of CarMax, Inc. (NYSE: KMX) between June 20, 2025 and November 5, 2025, both dates inclusive (the "Class Period") of the important January 2, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased CarMax securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the CarMax class action, go to https://rosenlegal.com/submit-form/?case_id=47077 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 2, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) defendants recklessly overstated CarMax's growth prospects when, in reality, its earlier growth in the 2026 fiscal year was a temporary benefit from customers buying cars due to speculation regarding tariffs; and (2) as a result, defendants' statements about CarMax's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the CarMax class action, go to https://rosenlegal.com/submit-form/?case_id=47077 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275775

Dutch Bros has some of the best growth prospects in the consumer space.

While the broader stock market has pulled back from its highs, one sector that has been particularly hard hit is the consumer discretionary space. That's why this is a great area to pick up some growth stocks that are well off their highs.

Perhaps the ultimate consumer growth stock to buy right now is coffee-shop operator Dutch Bros (BROS 2.70%). Given the uncertainty in the market right now, you might prefer to start a position with a smaller amount, like $1,000, and then add more if the market continues to trend lower. That said, let's see why Dutch Bros looks like a great growth stock to buy for the long haul.

Image source: Getty Images.

Same-store sales drivers
As tariffs have led to increased prices in the U.S., there have been signs of consumer softness, with the quick-service and fast-casual segments of the restaurant industry among the hardest-hit. However, one restaurant operator that hasn't seen a big impact on its sales is Dutch Bros. In the third quarter, the company saw its same-store sales climb 5.7%, with comparable-store transactions rising by 4.7%. Company-owned shops performed even better, with comparable restaurant sales up 7.4% on a 6.8% increase in transactions.

Dutch Bros' growth is being driven by its line-up of innovative coffee and energy drink concoctions, as well as an increase in paid advertising, which is bringing in more customers and improving its brand awareness. The introduction of order-ahead mobile ordering is also helping drive growth. In Q3, order-ahead transactions made up 13% of its total, up from 11.5% in Q2, while for some newer markets the rate is even higher.

However, Dutch Bros has another big same-store driver on the horizon. It has been testing out hot breakfast items at select locations, and it's now set to begin rolling out its new food menu to the three-quarters of its store base that can support these offerings. Food has made up less than 2% of its sales, compared to around 20% for rival Starbucks (SBUX 2.35%), so this is a big opportunity.

The company has acknowledged that by not having hot food items, it has missed out on sales during the breakfast part of the day from people who don't want to make two stops. So this should help boost sales not only from the sales of additional items, but also by bringing in more traffic. At its initial test stores, Dutch Bros saw a 4% lift to its comps. It's not hard to imagine the impact could become even greater when its offerings are fully rolled out, and it starts marketing food-menu items.

Today's Change

(

-2.70

%) $

-1.48

Current Price

$

53.36

Expansion opportunities
What's even more exciting about Dutch Bros is the long expansion opportunity still ahead. It currently operates fewer than 1,100 shops, most of which are in the western half of the U.S. However, it's been expanding eastward and is looking to become a national brand.

The company plans to open at least 160 new shops in 2026, for growth of 16%. It plans to nearly double its number of locations by 2029, with a goal of over 2,000 stores. Over the long term, it thinks it can support around 7,000 locations. While that sounds like a lot, it's less than half of the 17,000 locations that Starbucks has in the U.S. alone.

The nice thing about Dutch Bros' build-out is that its shops are small -- typically only around 800 to 1,000 square feet -- with two drive-thru windows, a walk-up window, and no indoor seating. This keeps construction costs low. However, with average unit volume (AUV) above $2 million, its store-level returns are high. Meanwhile, the expansion is being supported by its strong operating cash flow, and the company is free-cash-flow-positive.

With a current forward price-to-sales (P/S) ratio of 3.4 based on 2026 estimates, Dutch Bros is actually trading at a valuation similar to one that Starbucks has had a couple of times in the past few years, even though the smaller company has a much larger growth opportunity. That makes Dutch Bros a growth stock to buy.

Key Takeaways The 2025 Q3 earnings cycle has remained notably positive. EPS and revenue growth for S&P 500 members remains strong. Wayfair and American Express both posted robust results.
Earnings season is slowly winding down, with the vast majority of S&P 500 companies already delivering their quarterly results. The period has been another of positivity, with growth remaining strong and a solid number of companies exceeding consensus expectations.

And throughout the period so far, Wayfair (W - Free Report) and American Express (AXP - Free Report) have been two big winners, with each seeing positive post-earnings reactions alongside announcing guidance upgrades.

Let’s take a closer look at each release.

Wayfair Sees Order MomentumWayfair posted a double-beat concerning our headline expectations, with adjusted EPS of $0.70 climbing 220% year-over-year and sales of $3.1 billion growing 8.1%. Importantly, its 6.7% adjusted EBITDA margin was its highest ever outside the pandemic.

Its orders delivered grew by more than 5% year-over-year, with new orders also now growing in the mid-single digits for two consecutive periods. Importantly, Wayfair has now strung together a few sizable beats concerning its Orders Delivered relative to our consensus expectations, reflective of the above-mentioned momentum.

AXP Reports Record SalesAmerican Express posted a double-beat concerning our headline expectations, with adjusted EPS climbing 19% alongside a 10% sales increase. AXP raised its current year sales and EPS outlook thanks to the strong results, with shares seeing a nice pop post-earnings.

Sales of $18.4 billion reflected a quarterly record, with successful launches of updated Platinum Cards providing nice benefits. Increased Card Member spending also provided big tailwinds, with Net Interest Income of $4.5 billion also exceeding our consensus estimate by nearly 4%.

Bottom Line

The 2025 Q3 earnings season has been strong, with an above-average number of companies exceeding quarterly expectations. Growth has remained strong, with the big banks also initially giving us a solid read on the state of the consumer.

And concerning post-earnings pops so far, both companies above – Wayfair (W - Free Report) and American Express (AXP - Free Report) – posted results that had investors celebrating.

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Stride, Inc. (NYSE: LRN) between October 22, 2024 and October 28, 2025, both dates inclusive (the "Class Period"), of the important January 12, 2026 lead plaintiff deadline.

So what: If you purchased Stride securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Stride class action, go to https://rosenlegal.com/submit-form/?case_id=30689 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the Case: According to the lawsuit, during the Class Period, defendants made misleading statements and omissions regarding Stride's products and services to public and private schools, school district, and charter boards. Throughout the Class Period, Stride represented to investors that "[t]hese products and services, spanning curriculum, systems, instruction, and support services are designed to help learners of all ages reach their full potential through inspired teaching and personalized learning." Unbeknownst to investors, Stride was inflating enrollment numbers, cutting staff costs beyond required statutory limits, ignoring compliance requirements, and losing existing and potential enrollments. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Stride class action, go to https://rosenlegal.com/submit-form/?case_id=30689 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

Netflix is the same stock it was before its stock split two weeks ago -- except now it's even cheaper.

It's been a week now since Netflix (NFLX +2.38%) stock split its stock 10-for-1, transforming a $1,125-per-share stock into a $112.50-per-share stock in the blink of an eye -- but doing absolutely nothing to change the business. And do you know what? During that week, Netflix stock has gotten even cheaper, falling from $112.50 to close at $110 on Monday, and continuing to fall to just $104 and change today.

And there's still no substantive reason for this.

Netflix stock just got cheaper.

Image source: Netflix.

What does this mean for you, the investor? Well, let's review. In 2016, Netflix shares cost even more than they do today -- about $115 pre-split. But Netflix was earning a lot less than it is today. Full-year profit was about $187 million in 2016, or about $0.04 per share.

Nine years later, Netflix stock once again costs just a little over $100 per share (post-split, though, so it's really up about tenfold in price). Yet Netflix earned $39 billion last year, or $1.98 per share. That's 50 times more profit today, on a stock that costs only 10 times more.

So effectively, for every $1 you invest in Netflix today instead of nine years ago, you're earning five times more profit. That sounds like a pretty good deal to me. What's more, with the stock falling 7% in price over the past week, this deal is getting even better!

Today's Change

(

2.38

%) $

2.48

Current Price

$

106.79

Long story short, if you didn't take advantage of Netflix's bargain price after its stock split, last week, there's still time to do so. Granted, you still need to decide for yourself whether Netflix stock is worth its valuation, currently 42.5 times trailing earnings, with a long-term expected growth rate of 25%. But if you do think Netflix stock is a "buy," then no, it's not "too late" to buy at all.

Indeed, you just got rewarded for waiting... with an even better stock price.

Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Netflix. The Motley Fool has a disclosure policy.

Opendoor stock has gone nowhere since a bold move to reward shareholders.

Earlier this month, Opendoor Technologies (OPEN +13.93%) announced an unusual plan to reward shareholders and punish short-sellers.

At the same time the company reported third-quarter earnings, it announced a unique "shareholder-first dividend" of tradable warrants, which are options issued by the company.

Management said that as of the record date on Nov. 18, shareholders would receive one warrant from each of three series for every 30 shares of Opendoor they own. Those three series have exercise prices at $9, $13, and $17, and each warrant can be converted into one share of Opendoor stock. Those warrants should begin trading after Nov. 21, the distribution date.

New CEO Kaz Nejatian saw the warrants as a way to reward shareholders, as the stock was essentially resurrected from the dead earlier this year after a meme stock rally in Opendoor gained momentum, lifting shares from a bottom of $0.51 to more than $10 at one point. The movement also led to real change in the company, as former CEO Carrie Wheeler was ousted, replaced by Nejatian, the former COO of Shopify, and co-founders Eric Wu and Keith Rabois returned to the board of directors, with Rabois taking over as chair.

However, Nejatian also saw them as a way to punish short-sellers who have bet against the stock as Opendoor has become a battleground stock since the meme rally emerged, saying on the earnings call, "I'll admit it, it gives me just a bit of joy that this will totally ruin the night of a few short-sellers."

Image source: Opendoor.

What happened next
You'd expect an announcement like that to fuel a rally in the stock, especially as Opendoor has shown how volatile it can be, and the warrant could significantly accelerate investor return if the stock jumps.

Indeed, Opendoor shares did climb initially. Over the four sessions that followed the news, Opendoor stock jumped 43% on high volume, with trading volume reaching 250 million on Nov. 12, the day the stock peaked.

Since then, the stock has given up all of those gains, though that pullback has come at the same time that the broad market has sold off on concerns about an AI bubble.

While the warrants could still help propel the stock higher as owners of the warrants have an incentive to do so, it seems whatever rush might have materialized after the announcement and before the record date was not enough to deliver lasting gains to the stock.

Today's Change

(

5.12

%) $

7.57

Current Price

$

155.37

Where Opendoor goes from here
The warrants weren't the only major announcement to come out of Nejatian's first earnings call. He also introduced a new turnaround strategy with primary objectives: scaling acquisitions, improving unit economics and resale velocity, and building operating leverage.

Nejatian announced a bold goal as well, saying the company would reach breakeven adjusted net income on a go-forward basis by the end of 2026.

The business has not been profitable, even with adjustments, since the pandemic, and its business model, which relies on selling homes for more than it buys them for and collecting service fees, still seems unproven.

Nejatian's strategy makes sense, but Opendoor has another problem. The business is closely connected to the broader housing market, and it's struggled while the housing market has been in a slump. Despite falling interest rates, activity in the housing market has yet to rebound, and Home Depot management noted that homeowners were cautious about spending in the current macroeconomic environment.

Opendoor's third-quarter results were disappointing, and the company also gave weak guidance for the fourth quarter, though Nejatian observed that the company is still locked into decisions that were made by the previous management team, indicating his team should be judged on next year's performance, as that's when the real turnaround would start.

Still, given the weakness in the economy, there are no signs that a recovery in the housing market is around the corner. For Opendoor, any recovery is not going to be easy, especially in the current macro climate.

November 24, 2025 10:00 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 24, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Molina Healthcare, Inc. (NYSE: MOH) between February 5, 2025 and July 23, 2025, both dates inclusive (the "Class Period"), of the important December 2, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Molina securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Molina class action, go to https://rosenlegal.com/submit-form/?case_id=45913 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 2, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period failed to disclose to investors: (1) material, adverse facts concerning Molina's "medical cost trend assumptions;" (2) that Molina was experiencing a "dislocation between premium rates and medical cost trend;" (3) that Molina's near term growth was dependent on a lack of "utilization of behavioral health, pharmacy, and inpatient and outpatient services;" (4) as a result of the foregoing, Molina's financial guidance for fiscal year 2025 was substantially likely to be cut; and (5) as a result of the foregoing, defendants' positive statements about Molina's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Molina class action, go to https://rosenlegal.com/submit-form/?case_id=45913 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275785

By

PYMNTS
 | 
November 24, 2025

 | 

Mastercard has launched a coalition that aims to help consumers and small businesses around the world use digital tools to enhance their financial health and resilience.

The new Global Financial Health Coalition includes financial institutions, nongovernmental organizations, telcos, wallet providers and others, Mastercard said in a Monday (Nov. 24) press release.

“Our goal is to foster an environment where innovation is responsible, users are protected, and everyone has the tools and knowledge to thrive,” the company said in the release.

The coalition includes several companies that are developing solutions that promote financial health, according to the release. Among them are DANA, GCash, TrueMoney, MTN Group Fintech, MOCO, Axian, Daviplata and The Center for Financial Inclusion.

“Guided by three core principles — connecting people to the right financial tools, harnessing technology to protect them as they engage, and empowering their journey toward financial well-being — the Coalition will share best practices to build trust and embrace innovation,” Mastercard said in the release.

In another recent effort to boost inclusion, Mastercard said in September that it was working with Smile ID to accelerate the rollout of secure digital identity solutions across Africa to enable enterprises to onboard new customers faster.

Advertisement: Scroll to Continue

“As fragmented identity systems slow down businesses and lock millions out of the digital economy, Smile ID’s innovative identity platform complements Mastercard’s commitment to fostering secure and inclusive digital ecosystems,” Selin Bahadirli, executive vice president, services, Mastercard EEMEA, said at the time in a press release.

In July, Mastercard teamed up with BMO to expand the Canadian bank’s money transfer service to include new destinations and currencies. The collaboration allowed BMO’s Canadian personal banking clients to send money to family and friends in nearly 70 places.

“Remittances remain vital for many in developing destinations, where funds are used to support family education, property payments and other critical expenses,” according to an announcement of the partnership. “Through Mastercard Move, BMO clients can send money directly to the recipient’s bank account without worrying about hidden fees or deductions.”

When Mastercard expanded its relationship with National ITMX (NITMX) in June, it said this effort would fuel the Thai digital economy by powering PromptPay, the most widely used real-time payments platform in Southeast Asia.

“The Thai digital payments ecosystem continues to grow, driven by the widespread adoption of PromptPay,” Mastercard said at the time in a press release.

Meta reportedly is considering using Alphabet's custom chips for its data centers. Nvidia and AMD shares are falling on the prospect of more formidable competition.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

A view of the Mild Hydrocracking Unit (MHC) at the Dangote Petroleum Refinery in Lagos, Nigeria, July 20, 2024. REUTERS/Marvellous Durowaiye/File Photo Purchase Licensing Rights, opens new tab

CompaniesDUBAI, Nov 25 (Reuters) - Nigeria's Dangote has tapped Honeywell

(HON.O), opens new tab to provide services and help double its refining capacity to 1.4 million barrels per day by 2028, in what is the clearest indication yet that its plans to become the world's largest petroleum refinery are bearing fruit.

The agreement will allow Dangote to process a broader range of crude grades to help support the planned expansion in output with the help of Honeywell's catalysts and equipment, the companies said on Tuesday.

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Dangote will also look to increase its total production of polypropylene - an industrial material widely used to produce plastic containers and car parts - to 2.4 million metric tons per year by licensing Honeywell's Oleflex technology.

Financial terms of the deal were not disclosed. While contracts of such nature tend to vary based on the project's complexity, a source familiar with the situation said it could be valued at over $250 million.

Nigeria is Africa's largest crude oil producer, yet for decades it imported nearly all its refined fuel due to non-functional state-owned refineries, leading to chronic fuel shortages, subsidy scandals, and heavy pressure on foreign exchange reserves.

The Dangote refinery, which is Africa's largest and the world's biggest single-train facility at 650,000 barrels per day, is designed to reverse this paradox by meeting all of Nigeria's domestic fuel needs and creating surplus for export.

With $20 billion spent to build the refinery in Lekki, Lagos, Dangote last month laid out plans to double the plant capacity to 1.4 million barrels per day by adding a second single-train unit over the next three years.

At that capacity, Dangote would be able to process nearly all of Nigeria's current crude production of around 1.5 million bpd.

The agreement comes as Honeywell, once a conglomerate that is now in the process of splitting itself up, is shoring up revenues ahead of a planned carve-out of its aerospace business, which is currently its biggest cash cow.

Reporting by Utkarsh Shetti in Dubai; Editing by Daniel Wallis

Our Standards: The Thomson Reuters Trust Principles., opens new tab

A new spot ETF has the crypto investing crowd paying even more attention to Dogecoin.

With the overall market capitalization of all cryptocurrencies surging 2.6% over the past 24 hours, most investors would rightly expect to see meme token Dogecoin (DOGE +1.34%) increase by an even wider margin.

Such was the case today, with the world's top meme crypto rising 4.6% over the past 24 hours, as of 6 p.m. ET.

As it turns out, it wasn't only market forces driving most of this move today. Dogecoin has one key catalyst that investors are honing in on right now.

Let's dive in.

New spot ETF launch driving capital flows into Dogecoin

Source: Getty Images.

It's important to keep today's rise in context. Dogecoin started the year trading around $0.40 per token, and is currently trading right around the $0.15 level. Thus, today's surge is meaningful for investors who bought this token recently, but there will still be plenty of investors patiently waiting for a much more impressive rally.

That said, news that Grayscale has successfully launched the first-ever spot ETF tracking the price of Dogecoin is meaningful to investors, for a few different reasons.

First, this fund legitimizes Dogecoin as an investment with institutional backing. I must admit, I was unsure whether we'd see the day when a company like Grayscale would introduce such an investment vehicle, but the future waits for no one.

Second, the fund's fundamentals are impressive, with the company waiving its 0.35% management fee until the ETF reaches $1 billion in assets under management or reaches three months old. That feature alone should drive substantial capital toward this particular digital asset, although I imagine many retail investors were lining up to participate in this offering.

Ultimately, we'll have to see what this launch means for Dogecoin in a month or two. For now, this will remain one of the top cryptocurrencies I watch closely, and I will provide updates as they come in regarding capital flows in and out of this particular ETF.

Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

After more than three months of persistent decline, Hedera (HBAR) is now flashing some of the strongest bullish indicators seen since mid-2024. The token, which has been in a heavy downtrend since August, is showing renewed momentum across spot and derivatives markets, with multiple reversal signals appearing simultaneously on the charts.

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Ethereum (ETH) is showing early signs of stabilization after a turbulent month, bouncing back above the crucial $2,800 level as fresh institutional inflows reignite optimism across the market.

Related Reading: Bitcoin Quantum-Break Catastrophe Is Pure FUD, Says Gabor Gurbacs

ETH currently trades near $2,821, up modestly over the past 24 hours, with traders closely watching to see whether this rebound can evolve into a sustained trend reversal. The renewed momentum follows major accumulation from BitMine, which has doubled down on its Ethereum strategy despite steep market drawdowns.

ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview
BitMine’s $59M ETH Accumulation Sparks Fresh Investor Confidence
The catalyst for Ethereum’s latest recovery came on November 23, when blockchain data confirmed that BitMine acquired 21,537 ETH worth roughly $59–60 million. The purchase increases the company’s total holdings to more than 3.5 million ETH, equivalent to approximately 3% of Ethereum’s circulating supply.

While Ethereum prices have fallen nearly 30% in the last month, BitMine maintains that the downturn stems from a temporary liquidity shock rather than deteriorating fundamentals.

Bitmine is simultaneously expanding its ecosystem footprint through its upcoming MAVAN staking network, expected to launch in early 2026, and recently announced a dividend issuance, moves that collectively signal long-term conviction.

Investors appear to be taking notice. Exchange reserves have dipped to multi-year lows as whales continue accumulating ETH, even as traditional ETF products face outflows. This divergence suggests deep-pocketed players view the current range as a strategic entry zone.

Ethereum Battles the Downtrend but Momentum Improves
Despite the bounce, Ethereum remains inside a steep descending channel, with resistance stacking between $2,947 and $3,000. This zone contains compressed EMAs, trendline resistance, and the upper Bollinger Band, making it the first major test for buyers.

A clean break above $3,000 could pave the way for ETH to reach $3,120, $3,250, and potentially even $3,450. However, a failure at this level may send ETH back toward $2,760 or lower.

Indicators remain mixed. The RSI near 40 signals oversold conditions, hinting that a reversal may be developing, while the MACD and moving averages still indicate lingering bearish pressure.

Rising open interest and elevated long-short ratios across exchanges reflect aggressive long positioning, momentum that could amplify volatility in either direction.

Institutional Products and Upgrades Add Momentum
Beyond price action, Ethereum continues to gain structural support. The Singapore Exchange just launched regulated ETH perpetual futures, giving institutions a compliant on-ramp. Meanwhile, anticipation builds around Ethereum’s December Fusaka upgrade, expected to deliver meaningful scalability improvements.

With whales accumulating, institutional demand rising, and network upgrades approaching, Ethereum’s rebound above $2,800 may be more than a dead-cat bounce.

Related Reading: JPMorgan Backlash Explodes: Bitcoin Supporters Push Hard For Boycott

But breaking the downtrend ultimately depends on whether buyers can reclaim the $3,000–$3,100 resistance range, a battleground that will determine the next major swing.

Cover image from ChatGPT, ETHUSD chart from Tradingview

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Journalist

Posted: November 25, 2025

Key Takeaways
Why is Bitcoin rotating to new investors?
LTHs have sold 1.4M BTC since March, redistributing supply to ETFs, treasuries, and new market participants—further decentralizing ownership.

What pressure are short-term holders facing now?
STHs are selling at heavy losses, with SOPR near zero, signaling capitulation but also a potential mid-term reversal zone.

Bitcoin is in one of its most bearish phases in a long while. From its all-time high, the asset has declined by roughly 31%.

This decline has sparked debate over whether it marks the start of a broader bear market, based on how Bitcoin [BTC] is moving between different holder cohorts.

AMBCrypto’s analysis explores what long-term and short-term holder behavior, as well as institutional adoption, could mean for price direction.

Long-term holder sell pressure remains high
Long-term holders, typically defined as those holding BTC for more than six months, have added notable pressure to the market.

Since March 2024, these investors have sold at historically high levels, with Alphractal data showing one of the largest sell-offs recorded.

Source: Alphractal

Data also shows that OG long-term holders—classified by the size and duration of their holdings—have shifted behavior, selling portions of their BTC at least four times since March 2024, marking a major change in pattern.

This wave of selling comes amid shrinking profitability, with the realized price at $38,600, while short-term holders have remained comparatively more profitable in the recent cycle.

Is this bad for Bitcoin?
The recent distribution from long-term holders is not necessarily negative for Bitcoin.

To assess this, AMBCrypto compared long-term holder reserves with institutional Bitcoin purchases since March 2024; the same year the broader sell off began.

Data from the 3rd of March 2024 to the 24th of November 2025 showed that long-term holders sold around 1.4 million BTC, valued at approximately $121.17 billion at press time price.

Source: Bitbo

Meanwhile, U.S. spot Bitcoin exchanged traded funds (ETFs) assets under management rose from $42.77 billion on the 1st of March 2024 to $120.82 billion on the 24th of November, indicating institutional investors accumulated roughly $78.05 billion worth of BTC.

This creates a net deficit of about $43 billion between LTH selling and ETF purchases.

However, Bitcoin treasury holdings—now spread across 134 entities—account for 1.686 million BTC, worth around $145 billion.

Using similar calculations, this suggests a net positive inflow of $102 billion into Bitcoin so far, excluding retail and short-term holder activity.

What are short-term holders doing?
Short-term holders have entered a peak loss phase, pointing to exhaustion and lower incentive to keep holding.

The Short-Term Holder SOPR hovered near zero, a zone historically linked to potential reversals.

Source: CryptoQuant

For a sustained recovery, supportive macro conditions would be required. This includes improving sentiment toward risk assets, possible interest rate cuts, and a weakening U.S. dollar.

On the global front, liquidity has remained relatively stable between $25 trillion and $50 trillion, and has yet to show a strong impact on the crypto market, lowering the odds of an immediate liquidity-driven rally.

Notably, this near-zero reading from the STH-SOPR has historically been followed by a rally, at least in the mid-term.

If that pattern holds, Bitcoin could regain the $90,000 region, especially if supported by inflows from traders pricing back into risk assets.

XRPUSD – Daily Chart – 251125 – From Headwinds to Tailwinds
Franklin XRP ETF Takes Center Stage
Franklin Templeton launched its Franklin XRP ETF (XRPZ) on Monday, November 24, spotlighting the token. With $44.7 billion in ETF assets under management, the ETF dwarfs its peers, Bitwise Asset Management, Canary Capital, and Grayscale.

For context, Canary Capital is the lowest-ranked ETF issuer at #231, with ETF AUM of $84.82 million. The Canary XRP ETF (XRPC) reported total net inflows of $306.02 million from launch to Friday, November 21.

Analysts expect the Franklin XRP ETF to attract substantial institutional money, potentially sending XRP to new highs.

Franklin Templeton announced the launch, stating:

“Blockchain innovation is driving fast-growing businesses, and digital asset tokens like XRP serve as powerful incentive mechanisms that help bootstrap decentralized networks and align stakeholder interests. Within a diversified digital portfolio, we view XRP as a foundational building block. XRPZ provides regulated custody, daily transparency, and liquidity without the operational complexity of holding the token directly.”

Fed Rate Cut Bets Soar, Lifting Sentiment
While the XRP-spot ETF market took center stage, rising bets on a December Fed rate cut contributed to the gains. Growing calls for further monetary policy easing lifted demand for risk assets. FOMC member Christopher Waller joined San Francisco President Mary Daly and New York Fed President John Williams, supporting a December cut.

According to the CME FedWatch Tool, the chances of a December cut rose to 84.4% on November 24, up from 71.0% on November 21 and 42.4% on November 17.

US-China Call Removes Another Headwind
In a flurry of activity at the start of the week, positive updates from a US-China call between President Trump and Chinese President Xi eased fears of a full-blown US-China trade war. According to The Kobeissi Letter:

“President Trump releases a statement on his call with China’s President Xi today: Trump says he had a very good call with Xi and that he will be heading to Beijing in April. Trump also says Xi will be coming to the US, and they agreed to communicate often.”

Monday’s call signaled a marked turnaround from Trump’s threat of raising tariffs on Chinese shipments by 100% on October 10. XRP had fallen 35% from October 10 to November 21 before two consecutive daily gains.

Technical Outlook: Key XRP Price Levels
XRP surged 8.73% on Monday, November 24, building on the previous day’s 5.1% rally to close at $2.2286. The token outperformed BTC and the broader market, which gained 1.66% and 2.57%, respectively.

Despite Monday’s rally, the token remained below the 50-day and 200-day Exponential Moving Averages (EMAs), signaling a bearish bias.

Looking ahead, several key events are likely to influence XRP’s price trajectory.

Key technical levels to watch include:

Support levels: $2.2, $2, $1.9112, and $1.8205
50-day EMA resistance: $2.3846.
200-day EMA resistance: $2.5280.
Resistance levels: $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

Rebeca Moen
Nov 25, 2025 02:35

Circle announces the integration of USDC, CCTP, wallets, and contracts on the Monad blockchain, enhancing secure and efficient stablecoin payments and crosschain liquidity.

Circle has announced that its USDC stablecoin, Cross-Chain Transfer Protocol (CCTP), wallets, and contracts are now live on the Monad blockchain. This development aims to provide secure and capital-efficient stablecoin payments, crosschain liquidity, and enterprise-grade wallet infrastructure, according to circle.com.

Key Features of Monad Integration
Monad, a high-performance Layer-1 blockchain, is designed to offer high throughput with complete Ethereum Virtual Machine (EVM) compatibility. It combines the speed, scalability, and low fees of next-generation blockchains with Ethereum-grade security, enabling developers to build capital-efficient applications for decentralized finance (DeFi), trading, and payments.

The integration of USDC and CCTP on Monad is set to provide developers with a robust platform to build next-generation onchain applications. USDC, a fully reserved stablecoin, is redeemable 1:1 for U.S. dollars and is designed to power liquidity across DeFi, trading, and payments. Developers can also experiment with funds flows in their Monad applications by acquiring free testnet USDC from the Circle Faucet.

Expanding Blockchain Interoperability
CCTP enhances the capability for developers to design crosschain experiences by connecting Monad applications to 17 additional blockchains without the need for liquidity lock-up. This feature offers a highly secure and capital-efficient method to transact with USDC across supported blockchains.

Comprehensive Developer Tools
Circle Wallets provide a flexible and secure infrastructure, enabling the creation of in-app wallets on Monad that cater to global users and streamline DeFi onboarding. Additionally, the contracts feature simplifies the creation, deployment, and management of smart contracts, offering end-to-end tooling and a curated library of security-audited templates.

Potential Use Cases and Early Adopters
USDC, CCTP, Wallets, and Contracts serve as a foundation for developers and businesses building on Monad. Potential applications include DeFi and trading apps, payments and fintech apps, wallets and bridges, and market makers.

Several day-one applications are already utilizing these integrations, including Accountable, Across, Bungee Exchange, Bybit, Coinbase, Crystal, Curve, Kuru, Levr, Mayan, Monad Bridge, Monday Trade, Portal, and Wormhole.

This integration on Monad represents a significant step in enhancing blockchain technology's efficiency and broadening its accessibility for developers and businesses alike.

Image source: Shutterstock

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cctp
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Bitcoin continues to dominate global financial conversations, and Tether CEO Paolo Ardoino has stepped into the spotlight with a strong message for critics and supporters alike. In his latest comments, Ardoino said Bitcoin will stand the test of time because its strength does not come from speculation or short-term hype, but from the rising global demand for financial freedom and independence.

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Bitcoin has officially entered a capitulation phase as relentless selling pressure and macro uncertainty push the market into one of its most stressful moments of the cycle. After reaching its $126,000 all-time high in early October, BTC has collapsed to a fresh local low near $80,000 in under two months — a stunning 35% drawdown that has shaken investor confidence. Many market participants who expected a continuation of the bullish trend are now facing steep unrealized losses, amplifying fear and forcing short-term holders to exit at a loss.

According to top analyst Axel Adler, the strength of the US dollar has become one of the dominant forces behind this wave of capitulation. As the DXY index holds firmly above 100, global liquidity tightens, historical patterns show that Bitcoin short-term holders tend to realize losses more aggressively. Adler notes that this dynamic is currently playing out with intensity, mirroring previous phases of market stress.

However, not all signals point downward. The probability of a December Federal Reserve rate cut has climbed to 69%, and Adler suggests that if markets begin pricing this more aggressively, it could flip macro momentum and trigger a reversal. For now, Bitcoin remains in a fragile state — but a macro catalyst may be forming.

Short-Term Holder Capitulation Deepens as Macro Pressure Overrides Behavioral Signals
Axel Adler explains that short-term holders are now realizing losses with an intensity comparable to some of Bitcoin’s most violent historical shocks — including the COVID crash of 2020, the China mining ban in 2021, and the Luna collapse in 2022.

The latest data shows that SOPR Momentum, a key indicator of realized profitability, has dropped nearly to 0, a level that typically marks full capitulation among reactive market participants. Historically, readings this depressed have aligned with explosive V-shaped reversals or sharp relief rallies, as selling pressure becomes exhausted and stronger hands begin absorbing supply.

Bitcoin STH SOPR | Source: Axel Adler
However, Adler emphasizes an important nuance: while behavioral capitulation is clearly underway, macro forces currently dominate market structure. Extreme SOPR readings can produce bottoms, but they can also generate short-lived bounces within broader downtrends when macro conditions remain unfavorable. With the dollar index (DXY) still elevated above 100, liquidity remains tight — and Bitcoin continues to trade under pressure.

Adler notes that everything now hinges on the Federal Reserve. If markets begin actively pricing in the December rate cut, it could weaken the dollar and relieve some of the stress weighing on BTC. Until then, macro remains the stronger force, overshadowing even severe capitulation signals.

Testing Support After a Steep Breakdown
Bitcoin’s price action on the 1D chart shows the market attempting to stabilize after one of the sharpest multi-week declines of this cycle. BTC dropped from the $126,000 peak to the $80,000–$86,000 range in less than two months, and the chart clearly reflects this capitulation structure. The series of long red candles highlights aggressive selling pressure, with bears firmly in control throughout November.

BTC testing fresh demand | Source: BTCUSDT chart on TradingView
The chart shows BTC trading below all major moving averages—the 50-day, 100-day, and 200-day—confirming a clear breakdown in trend structure. The 200-day MA around the mid-$88K region is now acting as resistance rather than support. This flip is typically a bearish signal and aligns with the ongoing macro-driven weakness highlighted by analysts across the market.

Volume remains elevated during the downturn, reinforcing that the sell-off has been driven by strong hands exiting. However, the most recent candles show wicks forming near $83K–$86K, suggesting early attempts at demand absorption. If BTC can hold above the recent low around $80K and close back above the 200-day MA, the market could see a short-term relief rally.

Featured image from ChatGPT, chart from TradingView.com

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Journalist

Posted: November 25, 2025

Key Takeaways
Why is Plasma’s price sliding despite a green market?
Upcoming unlocks, collapsing activity, and a sharp drop in stablecoin TVL weakened XPL’s short-term structure.

What on-chain signals showed XPL’s momentum fading?
DEX volume, daily users, and transaction counts fell steadily through November, aligning with a bearish technical setup.

Plasma dropped more than 11% in recent hours, even as the broader market traded green for most of the day.

The decline put Plasma [XPL] alongside Starknet [STRK], which also posted double-digit losses during the same window.

XPL extended its downtrend after the post-launch hype faded. That early rally had been supported by an airdrop worth about 10,000 XPL for initial users.

As price cooled, on-chain activity followed the same path, weakening the token’s momentum.

What’s driving Plasma token down?
The first wave of selling stemmed from the upcoming unlock on the 25th of November.

About 88.88 million XPL, valued at $18.13 million, was set to unlock, leaving over 80% of the supply still locked. It was the largest of the roughly $80 million in weekly token unlocks across the sector.

Source: DefiLlama

Even so, long-term traction struggled elsewhere.

Stablecoin TVL fell 68% since October and declined 8.24% on a weekly basis. Stablecoin Market Cap rested near $1.82 billion, while overall TVL slipped to $6.695 billion, with bridges contributing $5.79 billion of that total.

Source: Dune

Cumulative Transactions hit a new high, but daily activity cooled.

Transaction Count slipped from 42,398 to 39,725. Daily New Users were only 137, and returning users totaled 1,831.

DEX Volume dropped to $8.39 million at press time from its high of $47.81 million on the 19th of November. Most usage metrics trended lower since late October, a slide reflected in price charts.

Bears extend control
On the charts, XPL price showed that the altcoin was in a bearish structure, trading inside a trend channel. XPL was down by more than 36% for the last five days.

The Bull Bear Power (BBP) was dominant for the last five days, while the net volume was negative $5.07 million. XPL bears seemed to be gaining momentum, and the next target was at $0.15 if dominance was maintained.

Conversely, breaking above the upper resistance would invalidate the current setup, which suggests a drop to $0.15.

Source: TradingView

Altogether, XPL was largely bearish, with sellers showing more momentum. This hinted at more breakdown, as on-chain activity was also following the same trajectory as price.

However, a resurgence in bull action could reverse the direction, though the price had not shown any signs.

Leading cryptocurrencies rallied alongside stocks on Monday, as traders amped up bets on a Federal Reserve interest rate cut in December.

CryptocurrencyGains +/-Price (Recorded at 8:25 p.m. ET)Bitcoin (CRYPTO: BTC)+1.54%$87,998.49Ethereum (CRYPTO: ETH)
               +5.60%$2,941.69XRP (CRYPTO: XRP)                         +10.28%$2.25Solana (CRYPTO: SOL)                         +5.94%$138.51Dogecoin (CRYPTO: DOGE)                         +4.98%$0.1519Cryptos RecuperateBitcoin built up momentum, breaking past $89,000, before reverting to the early $88,000s overnight. Trading volume spiked 19% over the last 24 hours.

Ethereum also rallied sharply, but met stiff resistance around the $3,000 mark. The coin's trading volume shot up nearly 50% over the last 24 hours.

Meanwhile, shares of Bitcoin holding company Strategy Inc. (NASDAQ:MSTR) lifted over 5% in the regular trading session.

Benzinga Edge delivers real-time stock alerts, trade ideas, and professional investing tools to help you navigate the market. Find out more about MSTR here.

Cryptocurrency liquidations hit $365 million in the last 24 hours, according to Coinglass, with short position traders losing roughly $255 million.

Bitcoin's open interest rose modestly by 0.55% in the last 24 hours. Notably, nearly 70% of Binance traders with open BTC positions were positioned long, according to the Long/Short Ratio.

The “Extreme Fear” attitude remained dominant in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 8:25 p.m. ET)Rain (RAIN )   +118.71%$0.007934Fartcoin (FARTCOIN)    
               +26.22%$0.2806Helium (HNT )          +22.21%$2.26The global cryptocurrency market capitalization stood at $3.03 trillion, following an increase of 2.56% in the last 24 hours.

Stocks Pop On Fed Officials’ Dovish Comments Stocks began the holiday-shortened week on a high. The Dow Jones Industrial Average rallied 202.86 points, or 0.44%, to end at 46,448.27. The S&P 500 lifted 1.55% to close at 6,705.12, while the tech-focused Nasdaq Composite surged 2.69% to finish at 22,872.01.

The rally comes as traders accelerated bets on a Federal Reserve interest rate cut next month following dovish remarks from key central bank officials. 

Governor Christopher Waller was the latest to signal support for a December cut, following dovish comments from New York Fed President John Williams last week.

Traders priced in a 80% chance that the central bank will slash rates by 25 basis points, up from 71% a day earlier, according to the CME FedWatch tool.

BTC’s Cleansing Phase Setting Stage For Bullish Rebound?Blockchain analytics firm CryptoQuant noted the "strongest" 30 day-drop in Bitcoin's open interest in the current cycle, with the last such move seen during the 2022 bear market.

"Historically, these cleansing phases have often been essential to forming a solid bottom and setting the stage for a renewed bullish trend," CryptoQuant added.

Widely followed cryptocurrency analyst and trader Michaël van de cautioned that Bitcoin is still in a downtrend despite some recovery, with $91,000 as the first major resistance.

"I would assume we’re going to see some consolidation there, and probably test $85,000-86,000 before we’ll continue to go up," the analyst projected.

Photo Courtesy: KateStock on Shutterstock.com

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