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            "caption": "As SUI dips further into bearish territory, technical indicators are increasingly signaling a challenging path ahead. A key measure, the Relative Strength Index (RSI), has turned negative, suggesting that selling pressure is mounting and that more downside may be on the horizon. With SUI navigating this bearish shift, market participants are keeping a close eye on potential support levels, wondering if the asset can stabilize or if sellers will continue to drive prices lower. This analysis explores SUI’s recent entry into bearish territory, examining the implications of the RSI’s downward shift and the potential for more price declines. It also seeks to provide insights into the downside risks facing SUI by assessing key technical indicators and support levels, this piece.  Market Overview: SUI’s Shift Into Bearish Territory On the 4-hour chart, SUI has shown strong bearish momentum, slipping below the 100-day Simple Moving Average (SMA) as it approaches the $1.4 mark printing multiple bearish candlesticks. The 100-day SMA, typically a significant support level, now acts as resistance, signaling a shift in sentiment where sellers have gained the upper hand. An analysis of the 4-hour Relative Strength Index (RSI) reveals that the indicator has now dropped to a low 23% level after a previous recovery attempt failed to hold at 52%. With the RSI now in the oversold zone, selling activity may be overextended, unless a significant influx of buying interest appears, SUI could remain under pressure, potentially leading to additional drops. Related Reading: SUI To Face Another Pullback Following 5.3% Dip, Analysts Forecast 30% Correction Also, on the daily chart, SUI is exhibiting a clear pessimistic path as it trends downward toward the $1.4 mark and approaches the 100-day SMA. The $1.4 level, alongside the 100-day SMA, acts as a crucial support area, and a break below these points could reinforce the current downtrend, potentially opening the door to further declines. Lastly, the daily RSI for SUI has dropped to 42%, significantly falling below the critical 50% threshold, which usually separates bullish from bearish territory. Typically, this decline highlights the strong bearish momentum, indicating that sellers are firmly in control and reflecting increasing pessimism about SUI’s price. Potential Price Targets: How Low Could SUI Go?  As SUI continues its negative movement, traders need to pinpoint potential price targets. If the $1.4 support level is breached, SUI could fall to $1.23, where buying interest may resurface. An extended drop below this level could trigger a deeper correction toward other support levels. Related Reading: SUI Eyes Potential Pullback As RSI Flashes Warning: $1.4 Retest In Sight Conversely, should the cryptocurrency manage to hold its position above $1.4, it could indicate a potential reversal, enabling bulls to reclaim some control in the market thereby driving the price higher toward the $2.1 resistance level and beyond. Featured image from LinkedIn, chart from Tradingview.com",
            "headline": "SUI In Bear Territory: RSI Drop Suggests Further Downside Risk",
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            "caption": "Bitcoin (BTC) has recorded a remarkable surge in the past 14 days, nearing the $70,000 mark earlier this week. However, some market watchers shared their worries about the recent retraces, suggesting the cryptocurrency could face another correction ahead of the US Presidential election. Related Reading: Is The Cat Season Here? MEW Hits $1 Billion Market Cap After New ATH Bitcoin To Face Another Shakeout Soon This ‘Uptober,’ Bitcoin has recorded a 12% surge from its opening price, jumping from the $60,000 support level and reclaiming key resistance zones. In the last two weeks, BTC recovered 14% from the early October shakeouts, nearing a retest of the long-awaited $70,000 mark. The cryptocurrency faced major resistance after surging above the $69,000 zone, a level not seen since late July. After the unsuccessful retest, Bitcoin’s price faced a 5.3% pullback toward the $65,000-$66,000 range, failing to reclaim the $67,000 mark until Thursday. Based on BTC’s recent performance, some analysts consider that the flagship crypto is poised to face another correction in the coming weeks. Crypto analyst Altcoin Sherpa revealed he is unsure about where Bitcoin’s “extremely chippy conditions” are headed in the short term. Sherpa shared that the cryptocurrency could see one last shakeout “sometime in November.” He suggested  BTC could face another pullback toward the $62,000-$64,000 price range around the time of the US Presidential elections, scheduled for November 5. However, the analyst believes that Bitcoin will continue its bullish rally after the shakeout. Another market watcher also forecasted another correction for BTC’s near future. Analyst Crypto King stated that BTC is set to close above $70,000 this week before facing rejection from the key level. Following the rejection, Bitcoin would retrace 8% toward $64,000-$65,000, which could propel altcoins to “start moving 5-6x from the current position,” according to the analyst. Is BTC Set For A Green Weekly Close? Despite the rainy forecast, other investors remain bullish on the flagship crypto. Crypto analyst Moustache set the $67,000-$68,000 range as “insanely important support levels.” To the analyst, if BTC’s price holds its support there, it will hit $70,000 soon. After Bitcoin jumped above the $68,000 resistance on Friday morning, Crypto Yapper noted that BTC broke out of a weekly bull flag and was “ready for an exponential move.” The analyst also asserted that the next horizontal level to break before the $70,000 test is $69,000. Related Reading: Web3 Automation Provider Ava Protocol’s Demand Surges 900% Ahead Of Token Launch Nonetheless, he stated that Bitcoin should make a higher high to remain bullish. Similarly, Rekt Capital pointed out that BTC’s old downtrend line is supporting, which serves as post-breakout confirmation. Per the post, the cryptocurrency would record a bullish weekly close above the $66,300 mark. The analyst also highlighted that if BTC closes above the $67,900 zone, It will register a “very bullish weekly close” ahead of October’s last week. At the time of writing, BTC is trading at $67,737, a mild 0.3% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com",
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            "caption": "This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Polymarket, Traditional Markets, and Crypto Markets Are Predicting a Trump Victory A widely circulated sentiment for the past week on CT and Fintwit is that markets are positioning for […]",
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            "caption": "XRP has recently witnessed a surge in blockchain activity, marked by a significant rise in the number of active sending addresses, according to latest data. This increase in active addresses comes amid the asset’s continuous struggle to register any significant rally in price. Instead, the altcoin has steadily decline now down by over 10% in its 30-day performance. Related Reading: XRP Price Faces Ongoing Struggles: Will a Turnaround Happen? XRP Active Addresses Hits 6-Month Peak According to a CryptoQuant analyst known as “maartunn,” the daily active sending addresses on XRP’s blockchain have reached a six-month high, with roughly 12,230 number of addresses transacting daily. maartunn highlighted that this resurgence in active addresses indicates a potential return of investor interest in XRP and possibly in the broader cryptocurrency market. Additionally, the increase in activity is seen as a positive development for the XRP blockchain. The CryptoQuant analyst suggested that rising user participation not only boosts XRP’s value as a blockchain asset but also enhances its appeal to investors. XRP: Active Sending Addresses reaches a 6-month high “The number of Active Sending Addresses on XRP reaches 12,230 on a daily basis… The increase signals that activity is returning to the XRP Blockchain.” – By @JA_Maartun Link 👇https://t.co/8ejsxFt5wO pic.twitter.com/VnYPrHXjJbCryptoQuant.com (@cryptoquant_com) October 25, 2024 The analyst also noted that active usage of a blockchain is essential for its long-term viability, adding that an uptick in transaction activity typically reflects increasing interest. However, despite all these positivity the increase in active addresses indicates, the CryptoQuant analyst cautioned that it remains to be seen whether this recent momentum in active addresses can be maintained. Against The Backdrop Of Legal Developments The surge in active sending addresses comes at a time when the altcoin is seeing some notable developments in its ongoing legal battles. Recently, XRP scored a significant legal victory when a court filing confirmed that XRP is not considered a security. This ruling marked a major turning point in the long-standing legal dispute between Ripple Labs and the United States Securities and Exchange Commission (SEC). For years, Ripple has been embroiled in a case with the SEC, which argued that XRP should be classified as a security and therefore be subject to specific regulatory requirements. The recent decision has provided a new level of clarity for the altcoin, boosting confidence in the asset among market participants. Related Reading: XRP Price Aims to Recover: Can It Reverse the Downtrend? In another recent legal development, Ripple Labs filed a Form C in the United States Court of Appeals for the Second Circuit. The filing challenges a recent SEC ruling, aiming to establish a legal foundation that could prevent future regulatory conflicts over XRP’s classification. Today, Ripple filed a Form C – listing the issues we plan to raise on our cross appeal. A few things to keep in mind as we move forward: The case is not about whether XRP, in and of itself, is a security. XRP is uniquely situated as having clarity (alongside BTC) in not being… https://t.co/AmFocAnbPx — Stuart Alderoty (@s_alderoty) October 25, 2024 Featured image created with DALL-E, Chart from TradingView",
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            "caption": "Data shows the ratio between two Bitcoin on-chain metrics has recently formed a pattern that has historically been bullish for the asset’s price. Bitcoin LTH/STH SOPR Ratio Has Crossed Above Its 90-Day MA Recently In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the recent trend in the Bitcoin SOPR Ratio. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us about whether the Bitcoin investors as a whole are selling at a profit or loss. When the value of this metric is greater than 1, it means the average holder is making BTC transactions at a net profit. On the other hand, it being under the mark implies loss-taking is dominant on the network. Related Reading: Dogecoin Surges 16%, But Here’s What DOGE ‘Risk Indicator’ Says About Rally The SOPR Ratio, the actual metric of interest here, keeps track of the ratio between the version of the SOPR specifically for short-term holders and that for long-term holders. Short-term holders (STHs) and long-term holders (LTHs) are the two main divisions of the Bitcoin userbase made on the basis of holding time. The cutoff between these cohorts is 155 days, with investors who hold past this mark moving from the STHs to the LTHs. Now, here is the chart shared by the analyst that shows the trend in the Bitcoin SOPR Ratio and its 90-day moving average (MA) over the history of the cryptocurrency: As displayed in the above graph, the Bitcoin SOPR Ratio has seen a surge recently, which suggests the LTHs have been ramping up their profit-taking compared to the STHs. This trend is something that has historically been witnessed during bullish periods, since the LTHs are resolute entities who tend to amass large profits by the time the bull run hits in full swing. The STHs are by definition the holders who bought within the past five months, meaning that their cost basis lies somewhere around the prices that BTC was trading at inside this window. Thus, their profits are never as big as the LTHs, who often have their cost basis close to bear market lows. This is why the ratio blows up toward the LTHs in bullish periods. With the latest increase, the SOPR Ratio has reached a value of 1.8 and has surpassed its 90-day MA. In the chart, the CryptoQuant author has highlighted the past instances of this crossover. It would appear that this pattern has generally proven to be bullish for Bitcoin. Related Reading: Is It Too Late To Accumulate Bitcoin? What This Indicator Says Naturally, the profit-taking from the LTHs can be a concern, but as is apparent from the graph, the cycle has usually only been at risk of topping out when the ratio has broken above a value of 7. Thus, there could still be plenty of room to run for Bitcoin, with demand potentially absorbing the LTH profit-taking until the same extreme levels as the past cycles. BTC Price At the time of writing, Bitcoin is trading at around $68,200, up more than 1% over the last 24 hours. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com",
            "headline": "Bitcoin Bull Run Not Over Yet? This Ratio Has Just Seen A Golden Cross",
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            "caption": "Ethereum (ETH) has experienced a lackluster phase in recent weeks, with the asset seeing small price surges but still struggling to hold near or above the $3,000 mark after a brief rally in August. According to a recent analysis from a CryptoQuant analyst, the behind the scenes of this price struggle for ETH has been quite interesting, with the asset seeing a significant shift in its netflow. This shift in Ethereum’s netflow could have significant implications for ETH, potentially influencing the market’s reaction positively or negatively. Related Reading: Ethereum ‘Verge’ Upgrade To Simplify Running Nodes On Phones And Wearables Dissecting The Ethereum Netflow The CryptoQuant analyst Amr Taha revealed in a recent post on the CryptoQuant QuickTake platform that Ethereum has recently experienced a spike in netflows, with approximately 96,000 ETH moving into derivative exchanges. According to Taha, this influx could indicate that traders are positioning for potential price shifts, as large transfers to derivatives platforms have historically preceded periods of increased volatility or even corrections. Taha’s analysis, backed by previous spikes in May and early July, suggests that Ethereum’s current activity might foreshadow a heightened period of market movement. The analyst wrote: The latest spike in netflow could signal another period of heightened market activity, potentially a price correction or a sharp move based on trader positioning. Market Sentiment Drawn From Bitcoin In addition to Ethereum’s netflows, Taha delved into Bitcoin’s Futures Sentiment Index, observing that this metric shows peaks in sentiment that may serve as indicators of broader market behavior. He pointed out three instances where the sentiment index spiked, marked by red-circled peaks (in the chart above), each time coinciding with a local market top. This trend implies that, following peaks in trader sentiment, Bitcoin’s price typically experiences a decline. The sentiment index, thus, can serve as a “contrarian indicator”—when optimism peaks, price corrections often follow. These sentiment patterns may signal that investors should brace for potential volatility for Ethereum, which is highly correlated with Bitcoin. Related Reading: Ethereum Price Faces Key Hurdles: Can It Break Through? Meanwhile, Ethereum has continued to hover somewhere below $3,000. So far, the asset has registered a correction in the past week, dropping by 3.1%. However, the past day performance is attempting to be more positive. Over this period, Ethereum has seen a slight increase of 0.9%, rising to as high as $2,559 earlier today before now trading for $2,541, at the time of writing. Despite the notable fluctuation the asset has seen in the past week alone, rising to above $2,700 and dropping below $2,500, Ethereum daily trading volume seems to have maintained composure. Data from Coingecko shows that this metric has remained between $15 billion and $19 billion in the past week with no major spike or decline. Featured image created with DALL-E, Chart from TradingView",
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            "caption": "The current trajectory of Bitcoin (BTC) prices could push it to the $100,000 mark within the next 90 days, regardless of the results of the U.S. presidential election. Bitcoin At $100,000 By February 2025?  Crypto analyst Timothy Peterson suggests that BTC’s current price movement is not substantially different from previous trends, raising questions about the “diminishing marginal returns” theory. Related Reading: Bitcoin Soars Towards $68K Amid Microsoft’s BTC Investment SEC Filing From an investor’s perspective, Bitcoin’s diminishing marginal returns theory implies that each halving cycle leads to smaller successive price gains, as the digital asset’s total market cap matures and its supply shocks have a reduced impact on driving up demand.  This suggests that while BTC may continue to grow, the extraordinary returns seen in early cycles could decrease over time. However, Peterson’s assessment appears to dismiss this theory. To recall, BTC made its all-time high (ATH) of $73,737 in March 2024. Since then, the leading cryptocurrency has been consolidating for almost eight months in a wide price range, reaching as low as $54,000. At the time of writing, BTC trades at $67,998, about 10% lower than its ATH. Peterson argues that BTC’s movement just above the red trendline would put the digital asset at $100,000 within 90 days. The analyst added that such a move will be “completely within reason.” He added: A conservative scenario puts bitcoin at $100k around February.  I think this happens regardless of the US election outcome. Furthermore, the analyst suggested that according to other data-driven metrics he’s monitoring, BTC is not overpriced at its current market valuation, and the probability of a drop below $60,000 is increasingly unlikely. Focus On BTC Year-End Price Predictions While Peterson envisions BTC nearing $100,000 within three months, other analysts and industry insiders have varying expectations. Related Reading: Bitcoin May Peak Around $200,000 In Next 18 Months: CleanSpark CEO Tells Why For instance, options market traders expect BTC to break through its previous ATH by November end, no matter who becomes the next US president. Similarly, in a recent client memo, Bitwise CIO Matt Hougan outlined several factors that could force BTC to “melt-up” to $80,000 in Q4 2024.  These factors include the potential victory of Republican candidate Donald Trump, additional interest rate cuts by the U.S. Federal Reserve (Fed), and an extended period free of major negative developments in the crypto sector. Besides the aforementioned factors, the optimism toward a year-end BTC rally is also fueled by rising retail demand for the premier digital asset.  Recent analysis by CryptoQuant highlighted that Bitcoin transactions worth less than $10,000 are on an uptrend, indicating renewed retail demand as the market gradually pivots from risk-off to risk-on mode. BTC trades at $67,998 on the daily chart at press time, up 1.1% in the past 24 hours. Featured image from Unsplash, Charts from X and Tradingview.com",
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            "caption": "The current trajectory of Bitcoin (BTC) prices could push it to the $100,000 mark within the next 90 days, regardless of the results of the U.S. presidential election. Bitcoin At $100,000 By February 2025?  Crypto analyst Timothy Peterson suggests that BTC’s current price movement is not substantially different from previous trends, raising questions about the “diminishing marginal returns” theory. Related Reading: Bitcoin Soars Towards $68K Amid Microsoft’s BTC Investment SEC Filing From an investor’s perspective, Bitcoin’s diminishing marginal returns theory implies that each halving cycle leads to smaller successive price gains, as the digital asset’s total market cap matures and its supply shocks have a reduced impact on driving up demand.  This suggests that while BTC may continue to grow, the extraordinary returns seen in early cycles could decrease over time. However, Peterson’s assessment appears to dismiss this theory. To recall, BTC made its all-time high (ATH) of $73,737 in March 2024. Since then, the leading cryptocurrency has been consolidating for almost eight months in a wide price range, reaching as low as $54,000. At the time of writing, BTC trades at $67,998, about 10% lower than its ATH. Peterson argues that BTC’s movement just above the red trendline would put the digital asset at $100,000 within 90 days. The analyst added that such a move will be “completely within reason.” He added: A conservative scenario puts bitcoin at $100k around February.  I think this happens regardless of the US election outcome. Furthermore, the analyst suggested that according to other data-driven metrics he’s monitoring, BTC is not overpriced at its current market valuation, and the probability of a drop below $60,000 is increasingly unlikely. Focus On BTC Year-End Price Predictions While Peterson envisions BTC nearing $100,000 within three months, other analysts and industry insiders have varying expectations. Related Reading: Bitcoin May Peak Around $200,000 In Next 18 Months: CleanSpark CEO Tells Why For instance, options market traders expect BTC to break through its previous ATH by November end, no matter who becomes the next US president. Similarly, in a recent client memo, Bitwise CIO Matt Hougan outlined several factors that could force BTC to “melt-up” to $80,000 in Q4 2024.  These factors include the potential victory of Republican candidate Donald Trump, additional interest rate cuts by the U.S. Federal Reserve (Fed), and an extended period free of major negative developments in the crypto sector. Besides the aforementioned factors, the optimism toward a year-end BTC rally is also fueled by rising retail demand for the premier digital asset.  Recent analysis by CryptoQuant highlighted that Bitcoin transactions worth less than $10,000 are on an uptrend, indicating renewed retail demand as the market gradually pivots from risk-off to risk-on mode. BTC trades at $67,998 on the daily chart at press time, up 1.1% in the past 24 hours. Featured image from Unsplash, Charts from X and Tradingview.com",
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            "caption": "Ethereum is the laggard in this bullish cycle. When Bitcoin soared to register fresh all-time highs, easing past $70,000 in March, ETH prices struggled to break $4,000. When it did, the best the coin could do was retest $4,100 before dumping hard. In the past seven months, after the second most valuable coin registered 2024 highs, it is down nearly 40%. Considering its performance over the past three months, there are concerns that Ethereum could post even more losses. Technically, this may be the case should it fail to breach $3,000 in the coming sessions. Don’t Blame Ethereum Or Its Leaders For ETH’s Underperformance Taking to X, one analyst thinks ETH is trailing Bitcoin, Solana, and even Tron, not because of how the network is designed or its leadership. In his view, the dismal performance over the past seven months concerns the “uninformed” investors. Related Reading: Is The Cat Season Here? MEW Hits $1 Billion Market Cap After New ATH Admittedly, after prices peaked in March, Vitalik Buterin and the Ethereum Foundation have been offloading their stash. According to Dune, the foundation has been transferring coins regularly. On September 6, they moved 1,000 ETH when the coin changed hands at $2,300. Most of these coins were sent to exchanges for liquidation. Although Buterin sells ETH from time to time, the co-founder has been selling meme coins heavily and donating to various charities across the globe. Usually, whenever a senior executive or foundation sells, it is bearish. However, pointing to the analyst’s assessment, their actions, including many others centered on network improvement, aren’t a big concern. ETH To Be A Better Store Of Value Than Bitcoin For Growth?   The analyst on X thinks ETH is falling because investors lack knowledge about the project’s fundamental strengths. Most importantly, the argument is that ETH can be a better store of value than gold.  The observer insists that Ethereum and Bitcoin compete, and claiming otherwise is a mistake. Both of these networks want to dominate the market eventually. Related Reading: Dogecoin Surges 16%, But Here’s What DOGE ‘Risk Indicator’ Says About Rally So far, Bitcoin is the most valuable. On the other hand, Ethereum is the most active smart contracts platform, offering more versatility and is “richer” than the first blockchain. For ETH to grow in strength, it must establish itself as a superior store of value, better than Bitcoin. This will require the network to have strong supply dynamics and a greater focus on finance as a primary use case. Once this happens, ETH will be more attractive not only to investors but also to developers. For now, Ethereum is growing in strength, looking at ETH net deflation since EIP-1559, looking at UltraSound Money. At the same time, its roll-up ecosystem is booming, scaling the mainnet. Altogether, the coin could benefit in the long-term, pushing valuation higher. Feature image from DALLE, chart from TradingView",
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            "caption": "The Solana native coin is generating news as it goes against the trend, lately surpassing $176 in a move that has piqued the crypto world’s interest. This gain is especially surprising given the sour mood around the crypto just weeks ago, with several analysts predicting the altcoin would suffer. Related Reading: Bitcoin Soars Towards $68K Amid Microsoft’s BTC Investment SEC Filing But Solana has defied the odds, increasing both in price and in market confidence. According to analyst Miles Deutscher, the gain coincides with a broader increase in positive sentiment for Solana, encouraging industry-wide discussions about its potential. Solana sentiment and mindshare keeps going through the roof. But the run is far from over. I just uploaded an important $SOL update, including: • My price prediction • My top ecosystem picks If you hold Solana, you need to watch this video 👉https://t.co/fsa8qabYHE pic.twitter.com/KX7xeG3gkn — Miles Deutscher (@milesdeutscher) October 24, 2024 Technical signs indicate an even brighter future for the fifth-largest altcoin. According to experts, Solana’s present trajectory, which is supported by a bullish pennant pattern, indicates that SOL might reach as high as $260 if it breaks past resistance. 📈 Solana is outperforming most altcoins as prices are looking to rebound after a big fall Wednesday. The #5 market cap asset continues to be a prime example of how the crowd usually gets it WRONG. View the current bearish sentiment as a sign SOL can continue to pump. pic.twitter.com/pRkCnyxRxh — Santiment (@santimentfeed) October 23, 2024 Increasing Interest And Technical Indicators As Solana’s price rose, observers saw a dramatic surge in positive sentiment about the asset. According to data, the number of discussions surrounding Solana has contributed to the upsurge observed in the slant. Mindshare (a measure of the percentage of crypto discussions a coin commands) has remained high. For Deutscher, the increasing attentiveness on Solana is a sign that there is even more room for growth, contrary to the prevailing tendency in the market. Although some investors are wary, experts say the technical terrain is still favorable. If the item breaks over its barrier, the optimistic pennant formation in SOL’s price action usually denotes more gains. Depending on if Solana can break out from its present level, its token’s price might be positioned for a notable climb toward $260. The Ethereum-Solana Rivalry Surprisingly, Solana’s comeback happens at the same time that Ethereum co-founder Anatoly Yakovenko shows his accolade on Ethereum. Solana and Ethereum are competitors, but Yakovenko recently praised Ethereum’s core technology and said he liked its design and goal. I like @BanklessHQ and ethereum. I even like the ethereum design and vision. If you told me to go build an alternative to bitcoin, ethereum settlement layer focused design is what I would steer the engineering towards. If that’s the vision, ethereum can just embrace all the… — toly 🇺🇸 (@aeyakovenko) October 24, 2024 This is of interest to people as they are generally two competing networks that try to outdo each other in offering superior decentralized apps and smart contracts functionality. Related Reading: XRP Could Rally 27% This Week In ‘Tremendous Move’, Analyst Says Ethereum has long been the preferred protocol among developers, but Solana, dubbed a “Ethereum-killer,” has quickly gained favor because to its speed and lower transaction fees. Yakovenko’s recognition demonstrates a developing sector in which competitors can acknowledge each other’s contributions to blockchain innovation. Future Perspectives And Market Sentiment Meanwhile, Deutscher feels Solana’s price might double or possibly quadruple, particularly if Bitcoin rises to new highs, say $100,000. SOL’s continued performance despite recent falls suggests that it may have strong community and long-term holders. For the time being, SOL is a coin to keep an eye on, and with increased sentiment and a technical boost, it appears to be on track to continue challenging expectations. Featured image from Pintu, chart from TradingView",
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            "caption": "FET is facing strong downward pressure as bearish signals take hold, with the Relative Strength Index (RSI) suggesting further weakness could be on the horizon. Recent declines have pushed FET’s price closer to key support levels, and the RSI’s current reading hints at a continuation of the bearish trend. With a potential drop toward the $0.966 target, investors are left wondering if FET can find a bottom or if additional losses lie ahead. This article analyzes the recent downward pressure on FET’s price, with a particular focus on the pessimistic signals indicated by the RSI. By examining the current market conditions, key support and resistance levels, and the RSI’s implications, we’ll explore whether the token will likely continue its decline toward the $0.966 target or if a potential reversal could be on the way.  What The RSI Reveals For FET On the 4-hour chart, FET has demonstrated pronounced bearish momentum, slipping below the 100-day Simple Moving Average (SMA) as it approaches the $0.966 mark. This movement below the 100-day SMA signals that negative forces are currently outweighing bullish attempts at price recovery, possibly opening the door to further declines. An analysis of the 4-hour chart reveals that the Relative Strength Index (RSI) has now declined to the 34% level following an earlier attempt to rally that stalled at 46%. An RSI near 30% often suggests a potential reversal could be imminent. However, in this context, it may also signal the continuation of a bearish path unless buying interest returns to support a rebound. Related Reading: FET Teeters At Trendline: Will A Breakout Fuel A Run To $1.86? Meanwhile, on the daily chart, FET is displaying notable pessimistic movement as it tries to fall below the 100-day SMA. This downturn highlights rising selling pressure and negative market sentiment, which collectively heightens the probability of the asset dropping below the SMA and heading toward the $0.966 mark. A successful breach of the 100-day SMA could signal additional declines, pushing the price down to this critical support level. Finally, the 1-day RSI shows that negative pressure on FET is intensifying as the signal line has recently dropped below 50%, now settling at 39%. As the RSI remains in this lower range, it suggests that sellers are gaining dominance, potentially paving the way for further drops unless buying momentum can return to shift the sentiment. Key Support Levels: Can $0.966 Hold Against The Bears? As FET’s price remains under downward pressure, the $0.966 mark stands out as a crucial support level. If the price breaks below this threshold, it may signal a strong correction, possibly resulting in more decrease toward the $0.459 level and beyond. Related Reading: FET On Fire With 27% Rally, Analysts See Bigger Gains Ahead Conversely, if the token manages to hold its position above $0.966, it could indicate a potential reversal, enabling bulls to reclaim some control in the market and driving the price higher toward the $1.86 resistance level and beyond. Featured image from Medium, chart from Tradingview.com",
            "headline": "FET Price Under Pressure: RSI Flags Extended Bearish Move Toward $0.966",
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            "caption": "The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price by over 70%, pushing it past the $100,000 milestone.   Here’s How High An Analyst Project’s Bitcoin’s Next Price Popular crypto analyst, Javon Marks revealed in an X (formerly Twitter) post on Thursday that Bitcoin’s recent price movements were signaling an impending bull rally. The analyst observed that Bitcoin’s current market conditions resemble past patterns and trends.  Related Reading: Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains Marks presented a detailed chart depicting Bitcoin’s price action from 2023 till date. The analyst noted that the Bitcoin price had formed a Hidden Bull Divergence pattern in 2023, spanning from February to November. Similarly, the cryptocurrency is currently developing another Hidden Bullish Divergence pattern, beginning at the start of the beginning of the year and appearing to extend towards year-end.  Based on these parallel price movements, Marks suggests that Bitcoin is poised for a significant rally to new highs soon. The analyst projects that Bitcoin’s next target is presently 70% above its current price, with the potential to surge as high as $116,652 as it experiences one of the most explosive bull waves ever seen.  From Mark’s X post, it can be seen that the analyst has consistently projected the $116,600 price target for Bitcoin. His earliest Bitcoin prediction of this all-time high was on September 12, when he claimed that Bitcoin’s rise to over $116,600 was still 100% away.  Mark’s unwavering confidence in this price target suggests a strong conviction that Bitcoin is poised to reach a new ATH this cycle. Currently, the price of Bitcoin is trading at $67,601, marking a 1.31% increase in the last 24 hours and a 5.86% increase over the past month, according to CoinMarketCap.  Bitcoin Price Could Jump Even Higher Than $116,000 Another well-known crypto analyst, identified as ‘Yoddha’ on X has presented a Bitcoin price chart highlighting its next bullish price target. With a caption that reads: “When in doubt, zoom out,” the analyst has expressed his confidence that Bitcoin is set to skyrocket this season. Related Reading: Analyst Says Dogecoin Price Looks ‘Ready’, Predicts 5,202% Surge In the price chart, the analyst pinpointed his next target for Bitcoin, indicating that the cryptocurrency could see its price soaring between $130,000 to $170,000. This price surge is expected to occur around 2025 when the bull market is fully underway.  Conversely, Elja, a market expert on X, has projected a more conservative price target for Bitcoin, expecting the cryptocurrency to soar to a new ATH of around $94,000. However, the analyst believes that this massive price breakout will begin in October.  Featured image created with Dall.E, chart from Tradingview.com",
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            "caption": "The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price by over 70%, pushing it past the $100,000 milestone.   Here’s How High An Analyst Project’s Bitcoin’s Next Price Popular crypto analyst, Javon Marks revealed in an X (formerly Twitter) post on Thursday that Bitcoin’s recent price movements were signaling an impending bull rally. The analyst observed that Bitcoin’s current market conditions resemble past patterns and trends.  Related Reading: Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains Marks presented a detailed chart depicting Bitcoin’s price action from 2023 till date. The analyst noted that the Bitcoin price had formed a Hidden Bull Divergence pattern in 2023, spanning from February to November. Similarly, the cryptocurrency is currently developing another Hidden Bullish Divergence pattern, beginning at the start of the beginning of the year and appearing to extend towards year-end.  Based on these parallel price movements, Marks suggests that Bitcoin is poised for a significant rally to new highs soon. The analyst projects that Bitcoin’s next target is presently 70% above its current price, with the potential to surge as high as $116,652 as it experiences one of the most explosive bull waves ever seen.  From Mark’s X post, it can be seen that the analyst has consistently projected the $116,600 price target for Bitcoin. His earliest Bitcoin prediction of this all-time high was on September 12, when he claimed that Bitcoin’s rise to over $116,600 was still 100% away.  Mark’s unwavering confidence in this price target suggests a strong conviction that Bitcoin is poised to reach a new ATH this cycle. Currently, the price of Bitcoin is trading at $67,601, marking a 1.31% increase in the last 24 hours and a 5.86% increase over the past month, according to CoinMarketCap.  Bitcoin Price Could Jump Even Higher Than $116,000 Another well-known crypto analyst, identified as ‘Yoddha’ on X has presented a Bitcoin price chart highlighting its next bullish price target. With a caption that reads: “When in doubt, zoom out,” the analyst has expressed his confidence that Bitcoin is set to skyrocket this season. Related Reading: Analyst Says Dogecoin Price Looks ‘Ready’, Predicts 5,202% Surge In the price chart, the analyst pinpointed his next target for Bitcoin, indicating that the cryptocurrency could see its price soaring between $130,000 to $170,000. This price surge is expected to occur around 2025 when the bull market is fully underway.  Conversely, Elja, a market expert on X, has projected a more conservative price target for Bitcoin, expecting the cryptocurrency to soar to a new ATH of around $94,000. However, the analyst believes that this massive price breakout will begin in October.  Featured image created with Dall.E, chart from Tradingview.com",
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            "caption": "In an analysis published on TradingView, pseudonymous crypto analyst Melika Trader has provided a technical forecast for Cardano (ADA), highlighting a long-term upside scenario with a price target of $1.8. Using chart patterns and key price levels, Melika offers both short and long-term perspectives on ADA’s price movement. Long-Term Cardano Price Outlook Melika identifies a significant support zone for ADA between $0.30 and $0.35. This range has historically shown strong buying interest, characterized by an engulfing candle pattern and previously established supply and demand (S&D) zones. This base formation suggests a robust floor where Cardano has consistently garnered market support. The analyst points out the potential for a bullish reversal, noting that ADA’s price action appears to be forming a bottom within this support zone. “The price seems to form a bottom after engulfing the support region, hinting at a potential bullish reversal,” Melika states. Looking ahead, Melika sets a long-term resistance target between $1.20 and $1.80. This target area is not arbitrary but is based on previous price peaks, making it a significant hurdle for future price action. Should ADA maintain its support base, the path to these higher resistance levels may be realized as buyer confidence rejuvenates, setting the stage for a potential bull run. Related Reading: Cardano’s Pullback Short-Lived, Fresh Rally Underway For ADA? “The next major resistance is in the $1.20-$1.80 zone, marked as a long-term target, which aligns with previous highs. If the current support holds, ADA could be positioned for a sustained rally toward the long-term target, especially as buyers regain confidence,” Melika writes. However, she also cautions investors about a bearish scenario where ADA fails to maintain the $0.30 support level. A breach below this threshold could lead to a decline to levels below $0.18, presenting a substantial risk for holders. “A failure to hold support around $0.30 could see the price retesting to below $0.18,” Melika warns. Related Reading: Cardano Bullish Pattern Suggests A Breakout – Can ADA Reach $0.54? ADA Price Analysis: Short-Term Outlook In the immediate term, ADA is navigating a strong support zone identified between $0.33 and $0.34, aligned with a lower trendline that underscores its importance. “A bounce from this support zone could see ADA targeting the resistance zone at $0.38 – $0.39. The engulfed area suggests a possible reversal signal,” the crypto analyst claims. This resistance zone at $0.39 represents a critical point where previous sellers have previously dominated, making it a pivotal area for ADA’s short-term price action. A successful breach of this resistance could validate the bullish rebound scenario. “The $0.39 zone is a significant resistance where sellers previously controlled the market, making it a critical area to watch for any breakout,” Melika states. Conversely, if ADA fails to sustain its current support, the price could retreat towards the broader long-term support at $0.30, underpinning the downside risks highlighted by Melika. At press time, ADA traded at $0.3437. Featured image from Shutterstock, chart from TradingView.com",
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            "caption": "Safe trick-or-treating this Halloween means being aware of the real monsters of street-level surveillance. You might not always see these menaces, but they are watching you. The real-world harms of these terrors wreak havoc on our communities. Here, we highlight just a few of the beasts. To learn more about all of the street-level surveillance creeps in your community, check out our even-spookier resource, sls.eff.org. \nIf your blood runs too cold, take a break with our favorite digital rights legends— the Encryptids.\nThe Face Stealer\n\n\n\nCareful where you look. Around any corner may loom the Face Stealer, an arachnid mimic that captures your likeness with just a glance. Is that your mother in the woods? Your roommate down the alley? The Stealer thrives on your dread and confusion, luring you into its web. Everywhere you go, strangers and loved ones alike recoil, convinced you’re something monstrous. Survival means adapting to a world where your face is no longer yours—it’s a lure for the horror that claimed it.\nThe Real Monster\nFace recognition technology (FRT) might not jump out at you, but the impacts of this monster are all too real. EFF wants to banish this monster with a full ban on government use, and prohibit companies from feeding on this data without permission. FRT is a tool for mass surveillance, snooping on protesters, and deepening social inequalities.\nThree-eyed Beast\n\n\n\nFreeze! In your weakest moment, you may  encounter the Three-Eyed Beast—and you don’t want to make any sudden movements. As it snarls, its third eye cracks open and sends a chill through your soul. This magical gaze illuminates your every move, identifying every flaw and mistake. The rest of the world is shrouded in darkness as its piercing squeals of delight turn you into a spectacle—sometimes calling in foes like the Face Stealer. The real fear sets in when the eye closes once more, leaving you alone in the shadows as you realize its gaze was the last to ever find you. \nThe Real Monster\nBody-worn cameras are marketed as a fix for police transparency, but instead our communities get another surveillance tool pointed at us. Officers often decide when to record and what happens to the footage, leading to selective use that shields misconduct rather than exposes it. Even worse, these cameras can house other surveillance threats like Face Recognition Technology. Without strict safeguards, and community control of whether to adopt them in the first place, these cameras do more harm than good.\nShrapnel Wraith\n\n\n\nIf you spot this whirring abomination, it’s likely too late. The Shrapnel Wraith circles, unleashed on our most under-served and over-terrorized communities. This twisted heap of bolts and gears, puppeted by spiteful spirits into this gestalt form of a vulture. It watches your most private moments, but don’t mistake it for a mere voyeur; it also strikes with lethal force. Its junkyard shrapnel explodes through the air, only for two more vultures to rise from the wreckage. Its shadow swallows the streets, its buzzing sinking through your skin. Danger is circling just overhead.\nThe Real Monster\nDrones and robots give law enforcement constant and often unchecked surveillance power. Frequently equipped with tools like high-definition cameras, heat sensors, and license plate readers, these products can extend surveillance into seemingly private spaces like one’s own backyard.  Worse, some can be armed with explosives and other weapons making them a potentially lethal threat.  Drone and robot use must have strong protections for people’s privacy, and we strongly oppose arming them with any weapons.\nDoorstep Creep\n\n\n\nCandy-seekers, watch which doors you ring this Halloween, as the Doorstep Creep lurks  at more and more homes. Slinking by the door, this ghoul fosters fear and mistrust in communities, transforming cozy entries into a fortress of suspicion. Your visit feels judged, unwanted, and in a shadow of loathing. As you walk away,  slanderous whispers echo in the home and down the street. You are not welcome here. Doors lock, blinds close, and the Creeps' dark eyes remind you of how alone you are.\nThe Real Monster\nCommunity Surveillance Apps come in many forms, encouraging the adoption of more home security devices like doorway cameras, smart doorbells, and more crowd-sourced surveillance apps. People come to these apps out of fear and only find more of the same, with greater public paranoia, racial gatekeeping, and even vigilante violence. EFF believes the makers of these platforms should position them away from crime and suspicion and toward community support and mutual aid. \nFoggy Gremlin\n\n\n\nBe careful where you step for this scavenger. The Foggy Gremlin sticks to you like a leech, and envelopes you in a psychedelic mist to draw in large predators. You can run, but no longer hide, as the fog spreads and grows denser. Anywhere you go, and anywhere you’ve been is now a hunting ground. As exhaustion sets in, a world once open and bright has become narrow, dark, and sinister.\nThe Real Monster\nReal-time location tracking is a chilling mechanism that enables law enforcement to monitor individuals through data bought from brokers, often without warrants or oversight. Location data, harvested from mobile apps, can be weaponized to conduct area searches that expose sensitive information about countless individuals, the overwhelming majority of whom are innocent. We oppose this digital dragnet and advocate for legislation like the Fourth Amendment is Not For Sale Act to protect individuals from such tracking.",
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            "caption": "Solana (SOL) has shown remarkable strength in recent weeks, surging by 32% over the past fifteen days. This impressive price action has positioned SOL as one of the top-performing assets, outpacing Bitcoin and many other altcoins.  Analysts and investors are increasingly optimistic about Solana’s potential, with many forecasting continued upward momentum in the weeks ahead. Notably, prominent investor Carl Runefelt recently shared a technical analysis on SOL, highlighting a breakout from a bullish pattern that could signal massive gains for the cryptocurrency. Related Reading: Number Of Bitcoin Bulls Increases As Funding Rate Shows Steady Growth – Details With this breakout, price action remains firmly bullish, indicating that the next major target for SOL is around the $185 level, where it will encounter local supply. If momentum holds, Solana could soon challenge this key resistance, further solidifying its place as a leader in the current market cycle. Solana Breaking Out Of Cup&Handle Pattern Solana is breaking out from a classic “Cup & Handle” pattern, often associated with strong bullish moves. This pattern has caught the attention of top analyst Carl Runefelt, who recently shared his technical analysis on X, indicating that Solana’s recent price action aligns with a breakout from a descending channel.  According to Runefelt, this setup signals that Solana could be ready for a significant upward move. He shared a chart with a potential price target of $370, suggesting a substantial 115% surge from current levels. Runefelt’s optimism stems from the Cup & Handle pattern, where the price consolidates after an uptrend and then forms a small dip (the handle) before breaking out. This pattern is known to attract strong buyer interest, representing a period of consolidation and momentum building.  However, while the breakout is promising, it may take some time to fully play out, as the entire crypto market appears to settle before its next significant move. Solana has consistently outperformed in this cycle, with price action and volume reflecting sustained investor interest.  Related Reading: Dogecoin Liquidity Sweep Signals DOGE Is Ready For A Rally With Solana pushing through key resistance levels and establishing a solid foundation, the potential for a bullish continuation is high. If the breakout confirms and Solana’s momentum holds, the next weeks could see SOL pushing into new heights, solidifying its position as a top-performing altcoin and meeting investors’ bullish expectations for substantial gains ahead. SOL Testing Crucial Supply  Solana is trading at $171, maintaining a strong uptrend with a well-defined bullish structure over the past two weeks. This level represents a key demand zone that previously acted as resistance, signaling a potential for higher gains if the price holds steady. A continued hold above $171 would support further bullish momentum, potentially pushing SOL toward the next significant supply area at $185. However, should SOL lose the $171 support, a retrace to around $160 is likely. This level has been pivotal in the past weeks, serving as a strong resistance point that capped previous price attempts to rise, creating a solid foundation for renewed bullish interest. A move down to $160 wouldn’t necessarily break the overall uptrend but would offer an opportunity to consolidate before the next push higher. Related Reading: Ethereum Bullish Breakout Confirmed – Top Analyst Predicts $3,400 Target As investors and traders watch these levels closely, the $171 mark will be an immediate gauge of strength. Holding above it keeps the uptrend intact, while a dip to $160 would still offer support for Solana’s longer-term bullish outlook. SOL’s resilience in these levels reflects the optimism surrounding the asset’s potential in the weeks ahead. Featured image from Dall-E, chart from TradingView",
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            "caption": "Crypto analyst Trader Tardigrade has drawn the community’s attention to a bullish pattern on the Dogecoin price chart. Based on this development, the analyst provided insights into how high the Dogecoin price could rise in the short term.  Dogecoin Price Flashes Bullish Pennant Trader Tardigrade revealed in an X post that the Dogecoin price has reached the tip of a bullish pennant on the daily Heikin Ashi chart. With this occurrence, the analyst claimed a breakout was just around the corner. He added that an “easy target” measured from the pennant pole is $0.18.  Related Reading: Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains The analyst’s accompanying chart showed that the Dogecoin price could reach this target before the month ends. DOGE has already enjoyed a massive uptrend this month as CryptoRank data shows that the foremost meme coin is up over 22% in October, a monthly performance that has only been topped this year by its price gains in February and March.  However, a rise to $0.18 this month would match October’s price gains with those recorded in February, when DOGE enjoyed a monthly return of 50%. In March, the Dogecoin price recorded a gain of 87% as it rose to a yearly high of $0.22.  The Dogecoin price uptrend this month is expected to extend until year-end and even continue in the new year, as crypto analyst Dima James said the price recovery trend will continue into 2025. Interestingly, the analyst predicted that DOGE could rally to as high as $10 and surpass it sometime next year. He made this prediction based on the 2021 bull pattern, which he claimed the meme coin is replicating again.  Meanwhile, Trader Tardigrade recently mentioned that the Dogecoin price had replicated a ‘Reversal box’ move from the 2021 bull run. Because of this pattern, the analyst predicted that DOGE could reach $3.7 next year.  The Run To A New All-Time High Of $3 Crypto analyst KrissPax has provided insights into how the Dogecoin price could run to this new all-time high (ATH) of $3. Using the law of diminishing returns, the analyst mentioned that he sees a resistance at $0.22, which, if DOGE breaks above, would send its price to $0.35, another resistance level.  Related Reading: Bitcoin Whale Numbers Return To January 2021 Bull Market Levels, Is A New ATH Coming? He claimed that a successful break above that resistance level would send the Dogecoin price to its current ATH of $0.73. Once that is done, KrissPax predicts that the foremost meme coin will run to a new ATH at around $3 in 2025. In the meantime, DOGE needs to clear the $0.14 resistance, with a successful breakout possibly leading to the rally to $0.20.  At the time of writing, the Dogecoin price is trading at around $0.138, down in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com",
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            "caption": "In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US.  The inquiry, reportedly led by prosecutors from the Manhattan US Attorney’s Office, is said to focus on whether Tether’s stablecoin, USDT, has been used by third parties to finance illegal activities such as drug trafficking, terrorism, and hacking, or to launder the proceeds from these activities. Tether CEO Denies Investigation Claims In response to these serious allegations, Tether has issued a statement strongly criticizing the WSJ’s reporting. The company called the article “wildly irresponsible,” asserting that it is inappropriate for the WSJ to publish such definitive claims without verified sources or corroboration from authorities.  The stablecoin issuer also emphasized that it has no knowledge of any ongoing investigations, characterizing the report as based on “pure rank speculation.” Related Reading: Shiba Inu Inflows Soar 555% In 3 Months – Will The Momentum Continue? Tether’s CEO, Paolo Ardoino, also took to social media platform X (formerly Twitter) to further address the issue, stating, “As we told to WSJ, there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop.”  This response underlines the company’s commitment to transparency in the face of these allegations and the increased scrutiny it has faced in recent years, not only from the US authorities but also from news outlets such as the WSJ, and its stance against what it considers to be unfounded allegations. Commitment To Combating Cryptocurrency Misuse The article from the WSJ also reportedly downplays Tether’s extensive collaborations with law enforcement agencies aimed at combating illicit activities involving cryptocurrencies.  Related Reading: Bitcoin To Hit $125,000 By Year-End If Trump Wins, Says Standard Chartered Tether highlighted its proactive measures to work with the authorities to ensure that its platform is not misused by bad actors. Their response concluded: The article also carelessly glosses over Tether’s well-documented and extensive dealings with law enforcement to crack down on bad actors seeking to misuse tether and other cryptocurrencies. https://www.tradingview.com/x/ECysdocO/ Featured image from DALL-E, chart from TradingView.com",
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            "caption": "Bitcoin currently ranges between $65,000 and $69,500 following two weeks of bullish price action, sparking renewed optimism among analysts and investors. The prevailing sentiment is that BTC is on the verge of reaching new all-time highs in the coming weeks, with confidence building that March’s cycle top predictions may have been premature.  Related Reading: Dogecoin Liquidity Sweep Signals DOGE Is Ready For A Rally Key metrics from CryptoQuant reveal that Bitcoin is still far from typical cycle-top conditions, instead signaling a bullish outlook as we move into November. As the U.S. election approaches November 5 and macroeconomic factors continue to shift, price action is expected to remain unpredictable and volatile. Market participants are watching closely, expecting that geopolitical and economic events could influence BTC’s trajectory. Given this context, many believe the next major move for Bitcoin could catalyze a fresh leg up, potentially breaking through previous highs. Bitcoin Calm Before The Storm? Bitcoin is holding firm above $67,000, showing resilience as it edges to a potential breakout above $70,000. However, the current price action indicates that Bitcoin may consolidate below this key level before moving up to new highs in the next leg. Market participants closely watch BTC’s behavior around these price levels, as a sustained push above $70,000 could set the stage for significant gains. CryptoQuant analyst Axel Adler recently shared critical insights on X, highlighting the current Long-Term Holder (LTH) to Short-Term Holder (STH) SOPR Ratio, which sits at 1.8. This metric is often used to gauge selling pressure and market sentiment, with higher levels indicating increased profit-taking that could signal a market peak.  According to Adler, when this ratio climbs to around 7, Bitcoin will be nearing a cycle culmination. The ratio’s bullish cross with its 90-day moving average reflects a positive outlook, supporting the narrative that BTC remains well below its cycle top. Related Reading: Number Of Bitcoin Bulls Increases As Funding Rate Shows Steady Growth – Details This metric’s movement and broader market strength paint a favorable picture for Bitcoin’s price action in the coming weeks. The data suggests that Bitcoin still has room to grow within this cycle, providing confidence to long-term holders and investors looking for continued upside. BTC Technical Levels Bitcoin is trading at $67,500, facing challenges after failing to maintain its bullish structure on the 4-hour chart. The price couldn’t set a new high above $69,500, marking a potential shift in momentum. A crucial support level now sits at $65,000, the local low that previously held the bullish trend intact. Holding above this level is essential to prevent a broader retrace and maintain confidence among bulls. Currently, price action remains indecisive, leaving the direction for the coming days unclear. A breakout above $69,500 would restore the bullish structure, likely drawing more buyers into the market and signaling another rally attempt. Conversely, a break below the $65,000 support would signal a retrace, potentially leading BTC to lower demand zones as bulls look to regroup. Related Reading: Solana Stays Strong Despite BTC Drop – $176 Next? The current consolidation phase highlights the importance of these levels in determining Bitcoin’s short-term trajectory. With both bulls and bears vying for control, BTC’s ability to hold above $65,000 will be crucial to retaining bullish sentiment. Featured image from Dall-E, chart from TradingView",
            "headline": "On-Chain Indicator Signals Bitcoin Cycle Top Is Far Ahead – Data Confirms Bullish Outlook",
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            "caption": "Known meme coin Shiba Inu (SHIB) is hogging the headlines; massive accumulators are increasing efforts due to a volatile market. The latest data shows inflow from large holders has increased by 555% within the last 90 days, which means major stakeholders are taking positions to capitalize on an expected increase in value. This is especially significant due to the total bearish sentiment that many are experiencing across the crypto market. Related Reading: XRP Could Rally 27% This Week In ‘Tremendous Move’, Analyst Says Shiba Inu: Growing Market Trend While the market sentiment seems still negative, the current trend of Shiba Inu shows a developing resilience. According to Santiment, while the broader crypto market was marked by fear and uncertainty, the negative sentiment in SHIB has gone down dramatically by 718% within just one day. This sharp decline in percentage indicates growing investor pessimism, especially considering the fact that the price of SHIB had dropped from its weekly high at $0.00001929 below $0.000017. But this silver lining, as it is, shows that the 7-day sentiment for SHIB has spiked upward by over 2,800% and might be an antidote for the asset to get a bounce-back. 🐻 Crypto markets have corrected alongside equities as traders increase speculation that the bull rally has come to an end. With crowd optimism transitioning to doubt, these are the $500M+ market cap projects showing the best upside based on buying into the crowd FUD: 1⃣… pic.twitter.com/OvnvlWdSus — Santiment (@santimentfeed) October 23, 2024 What is even more interesting is that it may be an opportunity for brilliant traders to play along. If the sentiment went bearish, then, generally speaking, price moved in the opposite direction. In the case of weighted sentiment being positive at 339% for 30 days for SHIB, hope is still not completely lost and maybe, it will be rallying within the coming days. Whale Activities Up The significant increase in large-holder inflows is particularly telling. Over the last three months, these inflows surged by 554.88%, indicating that major investors see value in accumulating SHIB at current prices. In fact, there was also a 163% increase in inflows over the past month, and even a modest uptick of 1.29% in the last week. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum Larger Holders End August With Neutral Positions Despite these positive indicators from large holders, trading volume has seen a slight decline of 5.23% in one day. This drop indicates that many investors are still hesitant to make significant moves in this volatile environment. They may be waiting for clearer signals before committing to trades. Further out, SHIB appears to be on an uptrend at a much slower pace, with a projected 90% rise for the next six months, possibly due to growing interest in the long-term potential, data from CoinCheckup shows. Even more encouraging, analysts also project a strong rise of 76% over the next year, clearly outlining positive growth expectations commensurate with the incrementing adoption of SHIB and its use cases. Featured image created with Dall.E, chart from TradingView",
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            "caption": "A top crypto analyst has issued a bold prediction for Ethereum, forecasting it will outperform both Bitcoin and Solana in the coming months. Taking to social media platform X, a crypto analyst known pseudonymously as @IamCryptoWolf highlighted that Ethereum is still bullish, with price targets reaching up to $12,000. This analysis comes in light of a 6.22% decline in the price of Ethereum in the past seven days and a continued increase in the Bitcoin dominance. Analyst Says Ethereum Will Outperform Bitcoin Ethereum has mostly lagged behind Bitcoin in price performance since the current market cycle began, struggling to gain momentum above the $3,000 mark since July. Ethereum bulls have faced challenges in attracting significant inflows, which has kept the price below key levels while Bitcoin has surged.  Related Reading: Bitcoin Whale Numbers Return To January 2021 Bull Market Levels, Is A New ATH Coming? Bitcoin recently climbed back above $67,000 and is now approaching its yearly high of $73,737.  Solana has also found its way above $170 again and could continue on the momentum to break above its yearly high of $202. However, despite Ethereum’s underperformance relative to these two crypto heavyweights, crypto analyst @IamCryptoWolf believes the trend is going to reverse in the second half of the cycle. The analyst provided his Ethereum outlook in reference to its price movements on the 3-day candlestick chart. The chart shows Ethereum rebounding off the bottom trendline of an ascending triangle, indicating the potential for an upward move. Consequently, the analyst projected a full breakout of multiple price resistances when the momentum finally rolls into Ethereum. Should this breakout occur, @IamCryptoWolf predicts Ethereum will surpass Bitcoin and Solana in performance during the second half of this bull cycle. He further noted a price target range for Ethereum’s surge, placing the lower boundary at $8,428, with a high-end target reaching up to $12,000. This projected breakout has sparked renewed interest in Ethereum’s ability to regain a leading position, especially among investors who are still waiting for an altcoin rally phase led by Ethereum. What’s Next For ETH? At the time of writing, Ethereum is trading at $2,472, having lost about 3% of its value in the past 24 hours. This sort of performance has left many ETH investors feeling uncertain about the asset’s near-term outlook. According to data from IntoTheBlock, about 51.40% of addresses that bought in between $2,106.27 and $2,855.96 are in losses, not to talk of those that bought above $2,855.96.  Related Reading: Bitcoin Price Retests Bullish Channel At $65,000, Analyst Reveals What’s Next Interestingly, @IamCryptoWolf addressed this trend among ETH investors in another post on social media platform X. Here, he highlighted that Ethereum is still bullish despite the underperformance. The analyst explained that Ethereum’s current price movement appears to be forming either an inverted head and shoulders or an ascending triangle pattern on the charts, both of which are traditionally seen as bullish formations in technical analysis. Featured image created with Dall.E, chart from Tradingview.com",
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            "caption": "In a research paper dated October 24, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, predicts that Bitcoin could surge to $125,000 by the end of the year if former President Donald Trump secures victory in the upcoming US presidential election. When Bitcoin Could Hit $125,000 Kendrick’s analysis hinges on the interplay between Bitcoin’s price movements and the US political landscape. “We use daily BTC vol levels and popular strike levels to estimate post-election price moves,” he states in the report titled Bitcoin – Post-US Election Playbook. According to Kendrick, Bitcoin prices have been ascending in recent weeks, aligning with other trades favored by Trump supporters. The report forecasts that Bitcoin is likely to reach approximately $73,000 by Election Day on November 5, nearing its all-time high of $73,800 recorded in March. “Our base case is that Bitcoin rises to around $73,000 by Election Day, catching up to betting-market probabilities of a Trump win,” Kendrick notes. Related Reading: Is Too Late To Accumulate Bitcoin? What This Indicator Says Betting markets are reflecting increasing confidence in a Trump victory. “The average betting odds of a Trump victory now stand at 59%, according to RealClearPolitics. Furthermore, conditional probabilities in specific betting markets (Polymarket) suggest a 75% chance of a Republican sweep if Trump wins the presidency,” the report highlights. Should Trump win, Kendrick anticipates immediate bullish momentum for Bitcoin. “Assuming a Trump victory, options break-even implies a further price rise of about 4% when the presidential outcome is known, and around 10% in total within a few more days,” he explains. Related Reading: $200,000 Bitcoin In 2025? $791 Billion Asset Manager Calls It ‘Conservative’ The potential for a Republican sweep of Congress amplifies this outlook. “If the Republicans sweep Congress, our year-end target level of USD 125,000 should come into view,” Kendrick asserts. This scenario is underpinned by significant open interest in Bitcoin call options expiring on December 27 at the $80,000 strike price, suggesting rapid movement toward that level. What If Harris Wins? In contrast, if Vice President Kamala Harris emerges victorious, the report suggests a temporary setback for Bitcoin prices. “If Harris wins, we see BTC initially trading lower but still ending 2024 at fresh highs around $75,000,” Kendrick projects. This implies a resilient long-term outlook for Bitcoin regardless of the election outcome, though the magnitude of gains would differ. Kendrick emphasizes the role of options market data in gauging potential price movements. “Options info helps estimate initial post-election price moves,” he states. The heavy trading volumes and popular strike levels serve as indicators of investor expectations and market positioning ahead of the election. The recent dip in Bitcoin’s price to a local low of $65,200 was addressed as well. Kendrick believes this is “likely to be the last before the U.S. presidential election,” suggesting that any short-term corrections may be overshadowed by the impending political developments. At press time, BTC traded at $67,520. Featured image created with DALL.E, chart from TradingView.com",
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            "caption": "In a research paper dated October 24, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, predicts that Bitcoin could surge to $125,000 by the end of the year if former President Donald Trump secures victory in the upcoming US presidential election. When Bitcoin Could Hit $125,000 Kendrick’s analysis hinges on the interplay between Bitcoin’s price movements and the US political landscape. “We use daily BTC vol levels and popular strike levels to estimate post-election price moves,” he states in the report titled Bitcoin – Post-US Election Playbook. According to Kendrick, Bitcoin prices have been ascending in recent weeks, aligning with other trades favored by Trump supporters. The report forecasts that Bitcoin is likely to reach approximately $73,000 by Election Day on November 5, nearing its all-time high of $73,800 recorded in March. “Our base case is that Bitcoin rises to around $73,000 by Election Day, catching up to betting-market probabilities of a Trump win,” Kendrick notes. Related Reading: Is Too Late To Accumulate Bitcoin? What This Indicator Says Betting markets are reflecting increasing confidence in a Trump victory. “The average betting odds of a Trump victory now stand at 59%, according to RealClearPolitics. Furthermore, conditional probabilities in specific betting markets (Polymarket) suggest a 75% chance of a Republican sweep if Trump wins the presidency,” the report highlights. Should Trump win, Kendrick anticipates immediate bullish momentum for Bitcoin. “Assuming a Trump victory, options break-even implies a further price rise of about 4% when the presidential outcome is known, and around 10% in total within a few more days,” he explains. Related Reading: $200,000 Bitcoin In 2025? $791 Billion Asset Manager Calls It ‘Conservative’ The potential for a Republican sweep of Congress amplifies this outlook. “If the Republicans sweep Congress, our year-end target level of USD 125,000 should come into view,” Kendrick asserts. This scenario is underpinned by significant open interest in Bitcoin call options expiring on December 27 at the $80,000 strike price, suggesting rapid movement toward that level. What If Harris Wins? In contrast, if Vice President Kamala Harris emerges victorious, the report suggests a temporary setback for Bitcoin prices. “If Harris wins, we see BTC initially trading lower but still ending 2024 at fresh highs around $75,000,” Kendrick projects. This implies a resilient long-term outlook for Bitcoin regardless of the election outcome, though the magnitude of gains would differ. Kendrick emphasizes the role of options market data in gauging potential price movements. “Options info helps estimate initial post-election price moves,” he states. The heavy trading volumes and popular strike levels serve as indicators of investor expectations and market positioning ahead of the election. The recent dip in Bitcoin’s price to a local low of $65,200 was addressed as well. Kendrick believes this is “likely to be the last before the U.S. presidential election,” suggesting that any short-term corrections may be overshadowed by the impending political developments. At press time, BTC traded at $67,520. Featured image created with DALL.E, chart from TradingView.com",
            "headline": "Bitcoin To Hit $125,000 By Year-End If Trump Wins, Says Standard Chartered",
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            "caption": "Microsoft is preparing for a critical shareholder meeting on December 10, during which the future of Bitcoin as a potential investment will be a heated topic. At present, Bitcoin is trading at approximately $68,115, which represents an increase of approximately 1.22%. The rise in interest aligns with constant debates around the cryptocurrency as an inflation hedge, which some Microsoft investors find appealing. Related Reading: XRP Could Rally 27% This Week In ‘Tremendous Move’, Analyst Says Microsoft’s Position On Bitcoin Microsoft revealed in a recent application to the US Securities and Exchange Commission that it will propose evaluating Bitcoin investment during the forthcoming conference. The National Center for Public Policy Research (NCPPR) says that Bitcoin has done better than traditional investments and could be a good way to protect against inflation. JUST IN: Per an SEC filing, Microsoft will have a proposed board resolution for an “Assessment of Investing in Bitcoin”. The board is recommending that shareholders vote AGAINST the proposal. pic.twitter.com/0WveygitH9 — TFTC (@TFTC21) October 24, 2024 Microsoft’s board, on the other hand, wants shareholders to vote against this plan because the company has already looked at a wide range of investable assets, including cryptocurrencies. According to a spokesperson for the company: “Volatility is one of the important aspects for all the investments in cryptocurrencies for corporate treasury” This emphasizes the careful strategy that Microsoft has adopted as far as the management of its corporate treasury is concerned as well as for the benefit of enhancing the shareholders value for the long term. The board is of the opinion that the requested public appraisal is unnecessary, as they already monitor trends and developments in the cryptocurrency sector. Big-Wig Stockholders Microsoft’s major shareholders include a number of major institutional investors, such as Vanguard, BlackRock, and State Street. These organizations own a large percentage of the company and have considerable power to affect its policy direction. Although some shareholders are advocating for Bitcoin investments, others may be more in line with the board’s cautious stance. It is important to note that BlackRock has been actively increasing its Bitcoin holdings through its ETFs. BlackRock’s iShares Bitcoin Trust ETF has registered inflows to the tune of over $317 million in a 24-hour timeframe, according to recent reports. This trend implies that there is an increasing institutional interest in Bitcoin, despite Microsoft’s reluctance to implement comparable measures. The Road Ahead As the December conference gets ready, the debate about Bitcoin’s importance in Microsoft’s investment plan gets more intense. The NCPPR argues that businesses should commit at least 1% of their whole assets to Bitcoin to help to reduce inflation risks. Despite this project, Microsoft insists that its present corporate treasury distribution policies are sufficient. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum Bitcoin has experienced a nearly twofold increase in value in the past year and has recorded a remarkable 414% increase over the past five years. Although Microsoft may not be completely prepared to invest in cryptocurrency investments at this time, the increasing interest from institutional investors such as BlackRock suggests that the discourse surrounding Bitcoin is far from over. Microsoft’s upcoming shareholder meeting will be the focus of all attention, and it is uncertain whether the tech giant will alter its position on cryptocurrencies or maintain its commitment to stability in its investment strategy. Featured image created with Dall.E, chart from TradingView",
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            "caption": "Dogecoin has enjoyed a sharp 16% rally during the past week. Here’s how this analyst’s “Risk Indicator” is looking for DOGE after this run. Dogecoin Risk Indicator Has Given A Red Signal Recently In a new post on X, CryptoQuant community manager Maartunn has shared a “Risk Indicator” for Dogecoin. As for what the metric does, the analyst has explained, I calculated the percentage change over the last 168 hours (one week). When the percentage change exceeds a specific threshold, it indicates a potential risk zone. Related Reading: Is Too Late To Accumulate Bitcoin? What This Indicator Says The risk here is toward Bitcoin and since the rest of the sector usually follows in its lead, it would also be toward cryptocurrencies as a whole. Below is the chart for the indicator posted by Maartunn. As is visible in the above graph, the Dogecoin Risk Indicator has been giving a signal during the past week or so as the DOGE price has registered a notable jump of 16% From the graph, it’s also apparent that each time the indicator has lit up in the past few months, the price of Bitcoin has probably hit some top. Indeed, since the latest signal has appeared, the BTC rally has been derailed, which implies fast growth in the memecoin’s price may once again have proven to be a bad omen for the sector. Now, why does this pattern exist? The reason is that whenever memecoins break away from Bitcoin and the company, it’s usually a sign that greed is taking over the market. Historically, cryptocurrencies have tended to move in the direction that the crowd expects, so excessive greed often leads to a bearish outcome. Investors have recently been speculating on memecoins like Dogecoin, seeking fast returns. Still, if this previous pattern is to go by, DOGE and others may have to slow down if the market has to continue its uplift. In some other news, the market intelligence platform IntoTheBlock has shared an update on how the average holding time compares between the major cryptocurrency networks in an X post. As displayed in the above table, Bitcoin is leading in this metric, with cryptocurrency investors holding for an average period of 4.4 years before transferring their coins. Related Reading: Analytics Firm Reveals Why Dogecoin & Apecoin Hit Tops Ethereum, Dogecoin, and Shiba Inu are all tied for second, with the figure at 2.4 years for each. Thus, while the memecoins do get a lot of speculative activity, they have still managed to establish a userbase that’s as stubborn as that of Ethereum. DOGE Price The Dogecoin rally has slowed in the last few days as the coin’s price is still trading around $0.142. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com",
            "headline": "Dogecoin Surges 16%, But Here’s What DOGE ‘Risk Indicator’ Says About Rally",
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            "caption": "Cat in a dogs world (MEW) has taken the market by storm after becoming the second cat-themed memecoin to hit a $1 billion market capitalization. The token joined POPCAT’s rally and reached a new all-time high (ATH) on Thursday, leading the whole feline sector. Related Reading: Web3 Automation Provider Ava Protocol’s Demand Surges 900% Ahead Of Token Launch MEW Hits Major Milestones Cat in a dogs world registered a significant 18.4% surge in the last 24 hours, propelling to a new ATH twice this morning. The cryptocurrency recorded its fifth ATH in the past two weeks, increasing over 95.2% and taking the memecoin sector by storm. After its surge to $0.01127, the cryptocurrency hit the long-awaited $1 billion mark, becoming the second cat-themed token to achieve this feat. As a result, MEW flipped Base Network’s token Brett as the tenth largest memecoin by this metric. MEW initially joined the memecoin’s top ten list back in Q2, ranking 8th among the dog-themed pack. It significantly retraced as POPCAT’s popularity grew, registering a 60% correction after leading the cat-themed sector during Q1. Nonetheless, the cryptocurrency has been on an uptrend for the past month after hovering between the $0.004-$0.006 price range during most of Q3. MEW’s rally this week seems to be fueled by the token’s listing on the Korean crypto exchange Upbit. Market watcher Crypto General noted the memecoin’s recent performance, revealing its next target for MEW. The analyst highlighted that the cryptocurrency has been “in a consistent uptrend from its launch, showing great strength and potential.” Crypto General expects parabolic surges in the coming days, suggesting that the cryptocurrency will target the $0.045 range for its price discovery period. As of this writing, MEW traders at $0.0112, 1.1% below its ATH.  Has The Cat Season Arrived? Many crypto analysts have previously suggested that a cat-themed memecoin season was coming. Solana’s feline leader, POPCAT, recorded a new ATH on Thursday after hitting the $1.67 mark. The memecoin has registered an 82% growth in the last thirty days, becoming the first cat-themed token to achieve the $1 Billion market cap milestone a month ago. Alongside MEW and POPCAT’s remarkable rally, other cat-inspired memecoins have seen a notable performance over the past week. BNB Chain-based token Simon’s Cat (CAT) recorded a massive surge in the past week, nearing its all-time high price on Wednesday. CAT’s price skyrocketed 80.4% in the last three days following its Future Listing on the crypto exchange Binance. Related Reading: SUI To Face Another Pullback Following 5.3% Dip, Analysts Forecast 30% Correction The price jumped from the $0.0000245 level to the $0.0000442 mark, trading just 5% below its $0.0000462 ATH registered over a month ago. Despite being down 5.1% from yesterday’s surge, CAT still registers a 53% weekly increase. Crypto Trader Bluntz stated that the “cat season is truly underway” as the whole sector soars over 8%, according to CoinGecko data. Featured Image from Unsplash.com, Chart from TradingView.com",
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            "caption": "Dogecoin is consolidating above the $0.1320 support zone against the US Dollar. DOGE must clear the $0.1425 resistance to start another increase. DOGE price started a downside correction from the $0.1500 resistance level. The price is trading below the $0.1420 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1425 and $0.1450 resistance levels. Dogecoin Price Eyes Upside Break Dogecoin price started a downside correction from the $0.1500 resistance zone. DOGE dipped below $0.1450 and $0.1420 levels. A low was formed at $0.1330 and the price is now recovering losses like Bitcoin and Ethereum. There was also a move above the $0.1350 and $0.1380 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $0.1482 swing high to the $0.1330 low. However, the bears are active near the $0.1425 resistance zone. There is also a key bearish trend line forming with resistance at $0.1425 on the hourly chart of the DOGE/USD pair. The trend line is close to the 61.8% Fib retracement level of the downward move from the $0.1482 swing high to the $0.1330 low. Dogecoin price is now trading below the $0.1420 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1425 level. The next major resistance is near the $0.1450 level. A close above the $0.1450 resistance might send the price toward the $0.1500 resistance. Any more gains might send the price toward the $0.1550 level. The next major stop for the bulls might be $0.1585. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1425 level, it could start another decline. Initial support on the downside is near the $0.1365 level. The next major support is near the $0.1350 level. The main support sits at $0.1320. If there is a downside break below the $0.1320 support, the price could decline further. In the stated case, the price might decline toward the $0.1250 level or even $0.1220 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now near the 50 level. Major Support Levels – $0.1365 and $0.1320. Major Resistance Levels – $0.1425 and $0.1450.",
            "headline": "Dogecoin (DOGE) Poised for Another Rise: Can Bulls Drive Higher?",
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            "caption": "Dogecoin is consolidating above the $0.1320 support zone against the US Dollar. DOGE must clear the $0.1425 resistance to start another increase. DOGE price started a downside correction from the $0.1500 resistance level. The price is trading below the $0.1420 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1425 and $0.1450 resistance levels. Dogecoin Price Eyes Upside Break Dogecoin price started a downside correction from the $0.1500 resistance zone. DOGE dipped below $0.1450 and $0.1420 levels. A low was formed at $0.1330 and the price is now recovering losses like Bitcoin and Ethereum. There was also a move above the $0.1350 and $0.1380 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $0.1482 swing high to the $0.1330 low. However, the bears are active near the $0.1425 resistance zone. There is also a key bearish trend line forming with resistance at $0.1425 on the hourly chart of the DOGE/USD pair. The trend line is close to the 61.8% Fib retracement level of the downward move from the $0.1482 swing high to the $0.1330 low. Dogecoin price is now trading below the $0.1420 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1425 level. The next major resistance is near the $0.1450 level. A close above the $0.1450 resistance might send the price toward the $0.1500 resistance. Any more gains might send the price toward the $0.1550 level. The next major stop for the bulls might be $0.1585. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1425 level, it could start another decline. Initial support on the downside is near the $0.1365 level. The next major support is near the $0.1350 level. The main support sits at $0.1320. If there is a downside break below the $0.1320 support, the price could decline further. In the stated case, the price might decline toward the $0.1250 level or even $0.1220 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now near the 50 level. Major Support Levels – $0.1365 and $0.1320. Major Resistance Levels – $0.1425 and $0.1450.",
            "headline": "Dogecoin (DOGE) Poised for Another Rise: Can Bulls Drive Higher?",
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            "caption": "XRP price is attempting a recovery wave from the $0.5120 zone. The price must clear the $0.5400 and $0.5500 resistance levels to gain pace. XRP price is correcting losses from the $0.5120 zone. The price is now trading below $0.5380 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5360 resistance zone. XRP Price Faces Many Hurdles XRP price remained in a bearish zone and extended losses below $0.5300, like Bitcoin and Ethereum. There was a move below the $0.5280 and $0.5250 levels. The price even dipped below $0.5200 and tested $0.5120. A low was at $0.5117 and the price is now attempting to recover losses. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low. There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5380 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5360 level. The first major resistance is near the $0.5360 level or the 50% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low. The next key resistance could be $0.5485. A clear move above the $0.5485 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5620 in the near term. The next major hurdle might be $0.5650. Another Drop? If XRP fails to clear the $0.5360 resistance zone, it could start another decline. Initial support on the downside is near the $0.5230 level. The next major support is near the $0.5185 level. If there is a downside break and a close below the $0.5185 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.500 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $0.5230 and $0.5185. Major Resistance Levels – $0.5360 and $0.5485.",
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            "caption": "XRP price is attempting a recovery wave from the $0.5120 zone. The price must clear the $0.5400 and $0.5500 resistance levels to gain pace. XRP price is correcting losses from the $0.5120 zone. The price is now trading below $0.5380 and the 100-hourly Simple Moving Average. There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5360 resistance zone. XRP Price Faces Many Hurdles XRP price remained in a bearish zone and extended losses below $0.5300, like Bitcoin and Ethereum. There was a move below the $0.5280 and $0.5250 levels. The price even dipped below $0.5200 and tested $0.5120. A low was at $0.5117 and the price is now attempting to recover losses. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low. There was a break above a short-term bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5380 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5360 level. The first major resistance is near the $0.5360 level or the 50% Fib retracement level of the downward wave from the $0.5600 swing high to the $0.5120 low. The next key resistance could be $0.5485. A clear move above the $0.5485 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5620 in the near term. The next major hurdle might be $0.5650. Another Drop? If XRP fails to clear the $0.5360 resistance zone, it could start another decline. Initial support on the downside is near the $0.5230 level. The next major support is near the $0.5185 level. If there is a downside break and a close below the $0.5185 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.500 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $0.5230 and $0.5185. Major Resistance Levels – $0.5360 and $0.5485.",
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            "caption": "Tron is now in the top 10 blockchains by market cap, flipping Toncoin and Cardano. While there were initial doubts about the network dying a natural death due to the then “superior” competitor Ethereum in the first few years, the smart contracts platform has surpassed expectations. Tron Energy Demand Doubles In 3 Months At spot rates, is TRX likely to print fresh all-time highs, and the mainnet is also thriving. According to IntoTheBlock, the Tron energy requirements have expanded 100% in the past three months. Related Reading: $200,000 Bitcoin In 2025? $791 Billion Asset Manager Calls It ‘Conservative’ Experts say the rapid increase in Tron energy indicates growing network activity and rapid adoption. Like Ethereum and other modern chains, Tron is energy efficient and relies on validators for transaction processing. However, in Tron’s case, energy is useful when executing smart contracts on the mainnet. As more people deploy meme coins or launch DeFi dapps, the mainnet’s “fuel” demand also increases. Rising resource needs push Tron energy to fresh levels. By how Tron is designed, more energy is needed during periods of high demand to prevent gas fees from spiking in case transactions are congested.  That energy has been rising in the past few months is not surprising. Not only does Tron boast of a thriving DeFi ecosystem, but it also has a vibrant meme coin scene. Ecosystem Boom Driven By Meme Coins: TRX Priming For New All-Time Highs? DeFiLlama shows that all Tron DeFi dapps manage over $7 billion of assets. On the other hand, the recent launch of SunPump, a meme coin launchpad in August, has seen over 91,000 meme coins deploy on the network. Looking at Dune, over 1,700 tokens have been listed on Sunswap. Related Reading: Bitcoin Price Retests Bullish Channel At $65,000, Analyst Reveals What’s Next Coincidentally, the spike came with the activation of SunPump in August. As of October 24, SunPump has helped Tron generate over $5.4 million in revenue, looking at Dune data. Others came from smart contract deployments via gaming, DeFi, and other diverse dapps on the platform. TRX is trading at around October 2024 highs at press time, defying gravity. Interestingly, despite the momentum challenges Ethereum faces, TRX, on the other hand, is less than 4% away from all-time highs. If bulls build on October 24 gains, the coin may easily break August highs, printing a new all-time high in Q4 2024. Feature image from DALLE, chart from TradingView",
            "headline": "Tron Energy Needs Rise 100% In 3 Months: New All-Time High Incoming?",
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            "caption": "Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,550 level. Ethereum started a recovery wave from the $2,450 zone. The price is trading below $2,560 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,580 and $2,600 resistance levels. Ethereum Price Starts Recovery Ethereum price extended its decline below the $2,550 level like Bitcoin. ETH traded as low as $2,445 and recently started an upside correction. There was a minor increase above the $2,500 level. The price traded above the 23.6% Fib retracement level of the downward wave from the $2,760 swing high to the $2,445 low. There was also a break above a key bearish trend line with resistance at $2,540 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,560 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,560 level. The first major resistance is near the $2,580 level and the 100-hourly Simple Moving Average. The main resistance is now forming near $2,600. It is close to the 50% Fib retracement level of the downward wave from the $2,760 swing high to the $2,445 low. A clear move above the $2,600 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $2,560 resistance, it could start another decline. Initial support on the downside is near the $2,505 level. The first major support sits near the $2,485 zone. A clear move below the $2,485 support might push the price toward $2,450. Any more losses might send the price toward the $2,420 support level in the near term. The next key support sits at $2,340. 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 below the 50 zone. Major Support Level – $2,500 Major Resistance Level – $2,580",
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            "caption": "Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone. Bitcoin started a fresh increase from the $65,200 zone. The price is trading above $67,500 and the 100 hourly Simple moving average. There is a new connecting bullish trend line forming with support at $67,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $68,800 resistance zone. Bitcoin Price Starts Fresh Increase Bitcoin price found support near the $65,200 zone. A low was formed at $65,199 and the price started a fresh increase above the $67,000 resistance. The price climbed above the $67,500 and $68,000 levels. It even cleared the $68,500 level. A high was formed at $68,794 and the price is now consolidating gains. There was a minor decline below the $68,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $65,199 swing low to the $68,794 high. Bitcoin price is now trading above $67,500 and the 100 hourly Simple moving average. There is also a new connecting bullish trend line forming with support at $67,450 on the hourly chart of the BTC/USD pair. On the upside, the price could face resistance near the $68,250 level. The first key resistance is near the $68,500 level. A clear move above the $68,500 resistance might send the price higher. The next key resistance could be $68,800. A close above the $68,800 resistance might initiate more gains. In the stated case, the price could rise and test the $69,500 resistance level. Any more gains might send the price toward the $70,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $68,500 resistance zone, it could start another decline. Immediate support on the downside is near the $67,800 level. The first major support is near the $67,500 level and the trend line. The next support is now near the $67,000 zone and the 50% Fib retracement level of the upward move from the $65,199 swing low to the $68,794 high. Any more losses might send the price toward the $66,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $67,500, followed by $67,000. Major Resistance Levels – $68,500, and $68,800.",
            "headline": "Bitcoin Price Eyes Further Gains: Can It Keep Climbing?",
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            "caption": "Bitcoin’s future value remains a hot topic, with Finder’s latest survey reflecting expert opinions on its trajectory. While BTC is expected to hit $77,636 by the end of 2024, long-term projections predict growth to $113,364 by 2025 and $282,238 by 2030. Despite this cautious optimism, opinions are divided, especially concerning bitcoin’s mainstream adoption for everyday […]",
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            "caption": "Bitcoin recent decline has led to a slight pushback in investor confidence and increased anticipation within the crypto community, with many now craving a rally back above $70,000 more than before. Amid this, a new analysis suggests that although the Bitcoin market could be on the brink of a major breakout, it hinges on a major indicator that concerns new investors. Related Reading: Bitcoin’s Network Fundamentals Turn Bullish—Here Are The Details New Investors Hold the Key According to a CryptoQuant analyst, Avocado Onchain, new market investors could drive the next significant upward price movement. The analyst shared these insights on the CryptoQuant QuickTake platform, highlighting key data trends that point to a potential price surge. Avocado Onchain’s analysis focuses on “Unspent Transaction Outputs (UTXOs),” specifically those under six months old. UTXOs represent the amount of cryptocurrency that remains unspent after a transaction, and they can provide valuable insights into market sentiment. According to the analyst, the decline in UTXOs under six months has stopped and is now leveling off. Currently, only 8.6% of Bitcoin investors are at a loss based on the present price of the cryptocurrency. In past market cycles, when the decline in UTXOs halted and showed an increase, Bitcoin’s price often surged, marking the beginning of a new bull run. Bitcoin Historical Patterns And Market Sentiment The CryptoQuanat analyst further highlighted that the data from previous Bitcoin market cycles reveals a pattern in which the percentage of investors holding losses converged toward zero before significant price increases occurred. Avocado points out that in those instances, as the number of investors in loss diminished, new investors entered the market in large numbers, driven by rising optimism. This influx of new participants tends to trigger a sharp price rise as new buyers increase demand for Bitcoin and fuel further upward momentum. For Bitcoin’s price to reach new heights, the analyst suggests that market sentiment must shift more favorably. This positive sentiment is typically fuelled by the entry of new investors who tend to buy in when market conditions are improving. Related Reading: Bitcoin Profitability Index Hits 202%: Is This Enough For A Top? Avocado also highlights that these new investors often show increased interest when Bitcoin nears or breaks through its previous all-time high, leading to an “explosive influx” of new buyers. If Bitcoin’s current market conditions align with historical patterns, the cryptocurrency could be on the verge of a significant breakout. The CryptoQuant analyst further notes that while Bitcoin’s price has recently been in a downtrend, this leveling off of UTXO data is a key sign that could indicate a reversal. The analyst noted: If history repeats itself, the current price of Bitcoin could be seen as being on the verge of an explosive breakout. Featured image created with DALL-E, Chart from TradingView",
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            "caption": "Here’s what the historical pattern of an on-chain indicator suggests regarding whether the time to accumulate Bitcoin is over or not. Bitcoin 150-Day MA aSOPR Currently Has A Value Of 1.01 As pointed out by an analyst in a CryptoQuant Quicktake post, the 150-day moving average (MA) of the Bitcoin aSOPR has a value of just 1.01 right now. The “Adjusted Spent Output Profit Ratio” (aSOPR) here refers to an indicator that basically tells us about whether the BTC investors are selling their coins at a profit or loss. This metric works by going through the on-chain history of all tokens being sold/transferred to see what price they were transacted at prior to this. When this price for any coin is less than the current price at which they are now being sold, then that particular token’s sale could be assumed to be leading to profit realization. Related Reading: Analytics Firm Reveals Why Dogecoin & Apecoin Hit Tops Similarly, coins of the opposite type could be considered to be adding to the loss realization. The aSOPR combines such profits and losses being realized across the network, and calculates their ratio. The “adjusted” in this metric’s name comes from the fact that it filters out transactions of coins that were moved inside an hour of their last transaction. Transfers like these are generally of no consequence to the wider market, so it makes sense to take them out of the data. Now, here is a chart that shows the trend in the 150-day MA of the Bitcoin aSOPR over the last few years: As displayed in the above graph, the 150-day MA Bitcoin aSOPR has consistently remained above the 1 mark this year, which implies the investors as a whole have been realizing more profits than losses. Earlier in the year, the indicator had grown to a high of 1.04 as the investors had taken the profits of the rally. As the consolidation of the cryptocurrency has dragged on, though, the metric has declined, with its value now sitting at 1.01. In the chart, the quant has highlighted two zones that have historically been significant for the aSOPR. The first is the region under 0.98, where bottoms have historically occurred. At levels this low, the investors are participating in notable loss realization. Resolute hands pick up the coins from these capitulators, thus helping the price reach a point of turnaround. Related Reading: Bitcoin Profitability Index Hits 202%: Is This Enough For A Top? The other zone is the one above 1.08, where tops have formed in the past as a result of the aggressive profit-taking from the whales. So far, the current cycle hasn’t seen the Bitcoin aSOPR visit this territory. “Based on previous trends, accumulating Bitcoin until aSOPR reaches 1.04 could be a solid strategy for long-term gains,” says the analyst. “Timing the market by observing whale behavior may prove fruitful.” BTC Price Bitcoin had plunged to the $65,000 level yesterday, but the coin has already made recovery as its price is now floating around $67,100. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com",
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            "caption": "Here’s what the historical pattern of an on-chain indicator suggests regarding whether the time to accumulate Bitcoin is over or not. Bitcoin 150-Day MA aSOPR Currently Has A Value Of 1.01 As pointed out by an analyst in a CryptoQuant Quicktake post, the 150-day moving average (MA) of the Bitcoin aSOPR has a value of just 1.01 right now. The “Adjusted Spent Output Profit Ratio” (aSOPR) here refers to an indicator that basically tells us about whether the BTC investors are selling their coins at a profit or loss. This metric works by going through the on-chain history of all tokens being sold/transferred to see what price they were transacted at prior to this. When this price for any coin is less than the current price at which they are now being sold, then that particular token’s sale could be assumed to be leading to profit realization. Related Reading: Analytics Firm Reveals Why Dogecoin & Apecoin Hit Tops Similarly, coins of the opposite type could be considered to be adding to the loss realization. The aSOPR combines such profits and losses being realized across the network, and calculates their ratio. The “adjusted” in this metric’s name comes from the fact that it filters out transactions of coins that were moved inside an hour of their last transaction. Transfers like these are generally of no consequence to the wider market, so it makes sense to take them out of the data. Now, here is a chart that shows the trend in the 150-day MA of the Bitcoin aSOPR over the last few years: As displayed in the above graph, the 150-day MA Bitcoin aSOPR has consistently remained above the 1 mark this year, which implies the investors as a whole have been realizing more profits than losses. Earlier in the year, the indicator had grown to a high of 1.04 as the investors had taken the profits of the rally. As the consolidation of the cryptocurrency has dragged on, though, the metric has declined, with its value now sitting at 1.01. In the chart, the quant has highlighted two zones that have historically been significant for the aSOPR. The first is the region under 0.98, where bottoms have historically occurred. At levels this low, the investors are participating in notable loss realization. Resolute hands pick up the coins from these capitulators, thus helping the price reach a point of turnaround. Related Reading: Bitcoin Profitability Index Hits 202%: Is This Enough For A Top? The other zone is the one above 1.08, where tops have formed in the past as a result of the aggressive profit-taking from the whales. So far, the current cycle hasn’t seen the Bitcoin aSOPR visit this territory. “Based on previous trends, accumulating Bitcoin until aSOPR reaches 1.04 could be a solid strategy for long-term gains,” says the analyst. “Timing the market by observing whale behavior may prove fruitful.” BTC Price Bitcoin had plunged to the $65,000 level yesterday, but the coin has already made recovery as its price is now floating around $67,100. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com",
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            "caption": "The price estimate for XRP indicates a possible increase of 17%, perhaps attaining around $0.621196 by November 23, 2024, data from CoinCodex shows. Despite this favorable projection, the prevailing market sentiment is pessimistic, reflecting apprehension among investors. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum The Fear & Greed Index stands at 69, indicating a market characterized by greed, which frequently results in heightened volatility. In the last 30 days, XRP has experienced 14 positive trading days, equating to around 47%, with a price volatility of 5.84%. Present Market Circumstances Right now, XRP is worth $0.5293, a little decline of 0.77%. This dip draws attention to a more general trend of resistance the token has been faced with since October started. According to analysts, it is still not the right moment to invest in XRP, at least with regard to current bearish emotions and recent difficulties with price. In terms of market capitalization, XRP has reached $30 billion, showing some improvement of late. Despite the warning signs, the majority of analysts are still bullish on the potential price increase for XRP in the next several months. Depending on market conditions and sentiment, predictions range from $0.75 to $0.86, with further upside by the end of 2024. Crypto analyst Dark Defender forecasts the altcoin hitting the key $0.86 mark, which is a 27% increase in price at current levels. The path to such target, he said, will be a “tremendous move.” Hey there. This post is a long one. So get ready. Let’s check together where we are in the weekly time frame. We set a structure for $XRP over a year back, considering the 1st wave at $0.9327. 1. The ones know, know, that we targeted $0.89 and above when XRP was at $0.28.… pic.twitter.com/72QRlt1Djy — Dark Defender (@DefendDark) October 22, 2024 Investor Sentiment And Forecasts The conflicting signals in the market impede investor decision-making on their next behavior. While the technical signals caution, the Fear & Greed Index shows that many people still have a tendency to welcome risks. This discrepancy frequently results in erratic price fluctuations in cryptocurrencies such as XRP. Investors are urged to monitor market movements and mood indicators prior to making decisions. Moreover, Ripple’s continuous legal conflicts with the SEC constantly hide XRP’s expected performance. Regarding the possible creation of an ETF for XRP, CEO Brad Garlinghouse has voiced enthusiasm that would significantly increase the market presence of the cryptocurrency if realized. Still, many investors could show reluctance unless these legal questions are resolved. Related Reading: Bitcoin ETF Inflow Streak Breaks With Nearly $80 Million Outflows In Sudden Reversal Caution Required In light of the prevailing adverse mood and volatility in XRP’s price, it may be prudent for prospective investors to exercise caution. Despite the potential for development suggested by future price forecasts, the current outlook implies that this may not be the ideal moment to enter the market. Featured image from Pixabay, chart from TradingView",
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            "caption": "Recent on-chain data has revealed a new milestone for Bitcoin whales, i.e., addresses holding at least 1,000 BTC. Notably, the data for Bitcoin whales shows the number of addresses in this category is now at its highest point since the January 2021 bull market levels.  With Bitcoin still trading close to its all-time high, this new whale milestone brings into question a better chance of Bitcoin breaking above and creating a new all-time high very soon. Whale Activity And Holder Count Reaches New Highs Bitcoin whales have always been one of the most important indicators for ongoing sentiment among traders and long-term holders. According to Glassnode data presented by André Dragosch, director and head of research for Europe at Bitwise, the number of addresses that fall into the whale category has been on a steady climb since January 2024, where it stood just below 1,500 addresses. Related Reading: Brace For Impact: Court Orders Massive LUNC Burn As Part Of $4.5 Billion Settlement For Terraform Labs The current market climate and inflow from institutional investors have allowed this upward trajectory to persist over the past months, pushing it past multiple levels. The most recent figures reveal that the number of Bitcoin addresses holding at least 1,000 BTC has reached 1,678, marking the highest point in whale activity since January 2021, during the height of the last major bull run. What this suggests is that each of these addresses now holds at least $67 million worth of Bitcoin, given the current price of the cryptocurrency. New All-Time High Incoming? Whale accumulation leading up to the previous highest level in January 2021 was one of the key factors that drove the Bitcoin price to peak above $69,000 in 2021.  Although the Bitcoin price has now broken above this previous peak to create an all-time high of $73,737 in March 2024, the same accumulation pattern appears to be unfolding. This interesting accumulation of BTC by Bitcoin whales has proven to be the much-needed boost to stop deeper price corrections after a false breakout of a descending triangle earlier in the week. Related Reading: Analyst Says Dogecoin Price Looks ‘Ready’, Predicts 5,202% Surge Even with the false breakout, the overall sentiment around Bitcoin remains optimistic. According to on-chain analytics provider CryptoQuant, it’s not just the whales driving the market. Retail investors have also joined the action. On-chain data shows a 13% rise in retail demand over the last 30 days, a notable increase that mirrors the retail interest seen in March 2024, just before Bitcoin reached its latest all-time high.  Retail on-chain activity returns after 4 months “In the last 30 days, retail demand grew by about 13%, highlighting a scenario that was only seen in March, when we were close to the last historical high.” – By @caueconomy Full post 👇https://t.co/VORO90JhVg pic.twitter.com/jHGzjUBgIICryptoQuant.com (@cryptoquant_com) October 22, 2024 At the time of writing, Bitcoin is trading at $67,000, having traded between $65,161 to $67,538 in a 24-hour range and $65,441 to $69,227 in a seven-day range.  Interestingly, Bitcoin is only about 10% away from surpassing its all-time high once again. With this increased buying interest and whale accumulation, Bitcoin seems ready for another breakout to set a new price record before the end of 2024. Featured image created with Dall.E, chart from Tradingview.com",
            "headline": "Bitcoin Whale Numbers Return To January 2021 Bull Market Levels, Is A New ATH Coming?",
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            "caption": "At EFF, our work always begins from the same place: technological self-determination. That’s the right to decide which technology you use, and how you use it. Technological self-determination is important for every technology user, and it’s especially important for users with disabilities.\nAssistive technologies are a crucial aspect of living a full and fulfilling life, which gives people with disabilities motivation to be some of the most skilled, ardent, and consequential technology users in the world. There’s a whole world of high-tech assistive tools and devices out there, with disabled technologists and users intimately involved in the design process. \nThe accessibility movement’s slogan, “Nothing about us without us,” has its origins in the first stirrings of European democratic sentiment in sixteenth (!) century and it expresses a critical truth: no one can ever know your needs as well you do. Unless you get a say in how things work, they’ll never work right.\nSo it’s great to see people with disabilities involved in the design of assistive tech, but that’s where self-determination should start, not end. Every person is different, and the needs of people with disabilities are especially idiosyncratic and fine-grained. Everyone deserves and needs the ability to modify, improve, and reconfigure the assistive technologies they rely on.\nUnfortunately, the same tech companies that devote substantial effort to building in assistive features often devote even more effort to ensuring that their gadgets, code and systems can’t be modified by their users.\nTake streaming video. Back in 2017, the W3C finalized “Encrypted Media Extensions” (EME), a standard for adding digital rights management (DRM) to web browsers. The EME spec includes numerous accessibility features, including facilities for including closed captioning and audio descriptive tracks.\nBut EME is specifically designed so that anyone who reverse-engineers and modifies it will fall afoul of Section 1201 of the Digital Millennium Copyright Act (DMCA 1201), a 1998 law that provides for five-year prison-sentences and $500,000 fines for anyone who distributes tools that can modify DRM. The W3C considered – and rejected – a binding covenant that would protect technologists who added more accessibility features to EME.\nThe upshot of this is that EME’s accessibility features are limited to the suite that a handful of giant technology companies have decided are important enough to develop, and that suite is hardly comprehensive. You can’t (legally) modify an EME-restricted stream to shift the colors to ones that aren’t affected by your color-blindness. You certainly can’t run code that buffers the video and looks ahead to see if there are any seizure-triggering strobe effects, and dampens them if there are. \nIt’s nice that companies like Apple, Google and Netflix put a lot of thought into making EME video accessible, but it’s unforgivable that they arrogated to themselves the sole right to do so. No one should have that power.\nIt’s bad enough when DRM infects your video streams, but when it comes for hardware, things get really ugly. Powered wheelchairs – a sector dominated by a cartel of private-equity backed giants that have gobbled up all their competing firms – have a serious DRM problem.\nPowered wheelchair users who need even basic repairs are corralled by DRM into using the manufacturer’s authorized depots, often enduring long waits during which they are unable to leave their homes or even their beds. Even small routine adjustments, like changing the wheel torque after adjusting your tire pressure, can require an official service call.\nColorado passed the country’s first powered wheelchair Right to Repair law in 2022. Comparable legislation is now pending in California, and the Federal Trade Commission has signaled that it will crack down on companies that use DRM to block repairs. But the wheels of justice grind slow – and wheelchair users’ own wheels shouldn’t be throttled to match them.\nPeople with disabilities don’t just rely on devices that their bodies go into; gadgets that go into our bodies are increasingly common, and there, too, we have a DRM problem. DRM is common in implants like continuous glucose monitors and insulin pumps, where it is used to lock people with diabetes into a single vendor’s products, as a prelude to gouging them (and their insurers) for parts, service, software updates and medicine.\nEven when a manufacturer walks away from its products, DRM creates insurmountable legal risks for third-party technologists who want to continue to support and maintain them. That’s bad enough when it’s your smart speaker that’s been orphaned, but imagine what it’s like to have an orphaned neural implant that no one can support without risking prison time under DRM laws.\nImagine what it’s like to have the bionic eye that is literally wired into your head go dark after the company that made it folds up shop – survived only by the 95-year legal restrictions that DRM law provides for, restrictions that guarantee that no one will provide you with software that will restore your vision.\nEvery technology user deserves the final say over how the systems they depend on work. In an ideal world, every assistive technology would be designed with this in mind: free software, open-source hardware, and designed for easy repair.\nBut we’re living in the Bizarro world of assistive tech, where not only is it normal to distribute tools for people with disabilities are designed without any consideration for the user’s ability to modify the systems they rely on – companies actually dedicate extra engineering effort to creating legal liability for anyone who dares to adapt their technology to suit their own needs.\nEven if you’re able-bodied today, you will likely need assistive technology or will benefit from accessibility adaptations. The curb-cuts that accommodate wheelchairs make life easier for kids on scooters, parents with strollers, and shoppers and travelers with rolling bags. The subtitles that make TV accessible to Deaf users allow hearing people to follow along when they can’t hear the speaker (or when the director deliberately chooses to muddle the dialog). Alt tags in online images make life easier when you’re on a slow data connection.\nFighting for the right of disabled people to adapt their technology is fighting for everyone’s rights.\n(EFF extends our thanks to Liz Henry for their help with this article.)",
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            "caption": "Despite the Bitcoin price consolidating between $65,000 and $68,000 over the past few days, analysts are increasingly optimistic about the potential for upward movement and new all-time highs for the largest cryptocurrency on the market in the coming months.  Bitcoin Surge Regardless Of US Election Outcome In a recent social media post on X (formerly Twitter), market expert Timothy Peterson highlighted a basic trendline for the period 2023-2024, suggesting that current price behavior mirrors previous uptrend patterns.  In his analysis, Peterson asserts that a move just above this trend could see Bitcoin reaching $100,000 within the next 90 days, a prediction he considers entirely reasonable.  Related Reading: Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains Peterson’s analysis indicates that a conservative estimate places Bitcoin at this milestone by February, regardless of the outcome of the upcoming US elections, which could also have a notable impact on BTC’s price performance.  The expert also noted that BTC does not appear to be overvalued, making a drop below $60,000 increasingly unlikely, especially as the $66,000 support level has prevented a further correction over the past week. Crypto analyst Rekt Capital, has also expressed bullish sentiments, stating that Bitcoin is positioned for a strong weekly close above critical support levels.  The recent retest of the key $66,000 support proved successful, with BTC rising to the $68,000 mark in Thursday’s trading session, coinciding with significant regulatory developments in the US.  BTC Price Spikes 2.5% Following Legislative Advances  As reported by Bitcoinist, the Pennsylvania House of Representatives recently passed the ‘Bitcoin Rights’ bill, aimed at safeguarding individuals’ rights to self-custody their digital assets, affirming their ability to use Bitcoin for payments, and establishing clear taxation guidelines for Bitcoin transactions. Dennis Porter, founder of the Satoshi Action Fund, emphasized the importance of this legislation in shaping the political landscape as the country approaches the 2024 elections.  Announcing the news, Porter noted that BTC adoption is growing, creating a motivated voter base eager for political allies who champion financial freedom and innovation. He believes that this voter base crosses traditional party lines, appealing to those who prioritize economic autonomy, technological advancement and digital privacy. Related Reading: Dogecoin Liquidity Sweep Signals DOGE Is Ready For A Rally Porter also pointed out that Bitcoin serves as a potential escape from Central Bank Digital Currencies (CBDCs), resonating with many voters who feel strongly about financial sovereignty and resistance to centralization.  With just 12 days until what is being dubbed by Dennis as the most significant Bitcoin election in recent history, he urged both Donald Trump and Kamala Harris to leverage their influence within their respective parties to ensure the smooth passage of the ‘Bitcoin Rights’ bill. In light of these developments, Bitcoin has experienced a 2.5% surge in price over the past 24 hours, accompanied by a notable 10% increase in trading volume, which has reached nearly $33 billion.  Featured image from DALL-E, chart from TradingView.com",
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            "caption": "Dogecoin has been experiencing significant volatility, with a 44% surge followed by a 9% dip since October 10. This dramatic price movement has left analysts and investors cautiously watching the market, unsure of Dogecoin’s next move. Some believe DOGE is gearing up for a massive rally, driven by renewed interest and momentum. In contrast, others are more skeptical, suggesting that the meme coin may be entering a consolidation phase. Related Reading: Bitcoin Bears Lose Control As BTC Net-Taker Volume Shifts Positive Top crypto analyst Bluntz recently shared a technical analysis on Dogecoin, highlighting its price fluctuated within a 4-hour range. According to Bluntz, the price has taken both sides of this range, resulting in a classic liquidity sweep, a move often seen before a major price shift.  As Dogecoin remains in this volatile environment, market participants are keenly awaiting further signs to determine whether the next move will be an upward rally or a consolidation period. Dogecoin Testing Crucial Liquidity Following recent price movements, Dogecoin is testing crucial liquidity levels, both on the supply and demand sides. Volatility has gripped the market, and uncertainty is leading to growing fear among investors, many of whom anticipate a DOGE rally in the coming weeks. Top crypto analyst Bluntz recently shared a technical analysis on X, highlighting the 4-hour Dogecoin chart showing a clear trading range between $0.15 and $0.133. Bluntz notes that price action has swept both sides of this range—first the highs, then the lows—before being reclaimed, often indicating a liquidity sweep. This type of price movement is often seen before a larger, directional move, and Bluntz suggests it could create a bullish scenario for DOGE shortly. He believes that once Dogecoin decisively breaks above this established range, a massive rally will likely follow, potentially taking DOGE to new highs. Related Reading: Solana Stays Strong Despite BTC Drop – $176 Next? However, while Bluntz’s bullish perspective offers hope for investors, Dogecoin’s current volatility and market uncertainty could still lead to sideways trading before any significant breakout occurs. Investors are watching closely for a break of the $0.15 level, which could signal the start of the anticipated upward move. DOGE Holding Above $0.12 Dogecoin (DOGE) trades at $0.136 after five days of heightened volatility and uncertainty. Over the past two weeks, the price surged, and it is now holding above the crucial $0.12 mark, which acted as a strong resistance level in September and has since transformed into a key demand level. This price point is pivotal, as holding above could signal further bullish momentum. The daily 200 moving average at $0.128 is another critical support level for Dogecoin. Maintaining strength above this moving average would suggest long-term stability and the potential for DOGE to push toward higher supply levels. However, if the price falls below this level, it could trigger a retrace, causing the recent rally to resemble a short-term “pump and dump” scenario. Related Reading: Ethereum Bullish Breakout Confirmed – Top Analyst Predicts $3,400 Target If Dogecoin successfully holds above the $0.12 area, a healthy consolidation phase could unfold, setting the stage for a continued uptrend. Investors will closely monitor this level to determine whether the recent price action can maintain its momentum or if further downside is on the horizon. Featured image from Dall-E, chart from TradingView",
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            "caption": "Goatseus Maximus (GOAT) has surged into the top 100 cryptocurrencies by market capitalization, currently holding the #81 position. The memecoin has experienced a remarkable 27% increase in the last 24 hours and an impressive 174% gain over the past week. With a market capitalization hovering around $823 million, the $1 billion milestone appears to be within reach. The recent price surge comes amid a major announcement from crypto exchange OKX. The platform stated that it would list USDT-margined perpetual futures for Goatseus Maximus (GOAT) starting at 9:00 am UTC on October 24, 2024. Binance also announced that it will launch GOAT/USDT perpetual contract with up to 75x leverage at 21:30 UTC+8 on October 24, 2024. The origins of GOAT trace back to March 2024, when developer Andy Ayrey launched “The Infinite Backrooms,” an endless dialogue between two AI models. During these interactions, the concept of “GOATSE GNOSIS” emerged—a meme inspired by the classic internet goats meme. This idea laid the foundation for what would become the Truth Terminal. By June, Ayrey had transformed content from these AI conversations into Truth Terminal, an AI agent that interacts with users and generates content on Twitter. Initially operating under the radar, the project gained significant attention after venture capitalist Marc Andreessen donated $50,000 in Bitcoin in July to support its development. This generous contribution acted as a catalyst, propelling the project into the crypto spotlight. Related Reading: Crypto Craze: Investor Nets A 3,360% Gain, Turning $86,000 Into $3.75 Million The Truth Terminal continued to disseminate the “Goatse Gospel” across X, which eventually led to the creation of the GOAT memecoin. The token went viral, rapidly ascending to its current market capitalization. Currently, the Truth Terminal wallet holds 315 tokens, with SCOOP memecoin making up the largest share at 51%, valued at over $6 million. GOAT memecoin is the second-largest holding, worth $1.5 million, followed by FARTCOIN, valued at $1.47 million, making it the first millionaire AI agent. Despite its rapid ascent, GOAT has not been without controversy. The token experienced a 50% drop amid suspicions that the Truth Terminal account might be controlled by a human rather than an AI. These doubts were sparked by a typo in one of its tweets, leading some to question the authenticity of its AI origins. Addressing the concerns, Andy Ayrey explained, “Such errors stem from the limitations of AI models. Large language models attempt to predict the next word, which can result in mistakes.” His clarification reassured the community about the project’s legitimacy . Analyst Perspectives: Is GOAT A Buy Or Sell? The crypto community on X remains divided on GOAT’s future trajectory. Crypto analyst Jake Pahor expressed optimism, stating, “At this point, I wish I’d bought more GOAT. What an incredible run. I believe we might see a pullback, which could offer some nice entry points. However, it might just continue pumping to a $1 billion+ market cap and prove me wrong.” Related Reading: Crypto Analyst Unveils The ‘True Time To Sell It All’: Here’s When On the other hand, analyst Astronomer (@astronomer_zero) has chosen to exit his position after significant gains. “GOAT is up 4x in a few days; that’s it, I’m out!” he remarks. “I know it sounds controversial—’don’t sell all, keep a moon bag’—but I was too heavily allocated to leave the open profit on the table. We bid $0.20 a few days ago; it was the bottom, and now we have the luxury to sell four times higher without much drawdown.” The analyst also draws a comparison with PEPE, which experienced a similar sharp rise. “Wanted $1–$2 because PEPE topped out on its first leg at a comparable market cap. But I think we’ve held long enough, and I’m fine leaving the final potential 2x or 3x to the top snipers.” Meanwhile, analyst cryptic (@crypticd22) remains bullish on GOAT’s prospects. “GOAT leads. It’s going to break $1 billion and likely do more,” he predicts. “A PEPE or Wif-type run could be on the cards here. Even if you’re not in GOAT, the wealth effect of this will mark the start of on-chain mania—in fact, it already has. GOAT will then consolidate. That’s when the rest of AI memes move. Maybe some will get front-run, but it will come. Patience.” At press time, GOAT traded at $0.79. Featured image created with DALL.E, chart from TradingView.com",
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            "caption": "Goatseus Maximus (GOAT) has surged into the top 100 cryptocurrencies by market capitalization, currently holding the #81 position. The memecoin has experienced a remarkable 27% increase in the last 24 hours and an impressive 174% gain over the past week. With a market capitalization hovering around $823 million, the $1 billion milestone appears to be within reach. The recent price surge comes amid a major announcement from crypto exchange OKX. The platform stated that it would list USDT-margined perpetual futures for Goatseus Maximus (GOAT) starting at 9:00 am UTC on October 24, 2024. Binance also announced that it will launch GOAT/USDT perpetual contract with up to 75x leverage at 21:30 UTC+8 on October 24, 2024. The origins of GOAT trace back to March 2024, when developer Andy Ayrey launched “The Infinite Backrooms,” an endless dialogue between two AI models. During these interactions, the concept of “GOATSE GNOSIS” emerged—a meme inspired by the classic internet goats meme. This idea laid the foundation for what would become the Truth Terminal. By June, Ayrey had transformed content from these AI conversations into Truth Terminal, an AI agent that interacts with users and generates content on Twitter. Initially operating under the radar, the project gained significant attention after venture capitalist Marc Andreessen donated $50,000 in Bitcoin in July to support its development. This generous contribution acted as a catalyst, propelling the project into the crypto spotlight. Related Reading: Crypto Craze: Investor Nets A 3,360% Gain, Turning $86,000 Into $3.75 Million The Truth Terminal continued to disseminate the “Goatse Gospel” across X, which eventually led to the creation of the GOAT memecoin. The token went viral, rapidly ascending to its current market capitalization. Currently, the Truth Terminal wallet holds 315 tokens, with SCOOP memecoin making up the largest share at 51%, valued at over $6 million. GOAT memecoin is the second-largest holding, worth $1.5 million, followed by FARTCOIN, valued at $1.47 million, making it the first millionaire AI agent. Despite its rapid ascent, GOAT has not been without controversy. The token experienced a 50% drop amid suspicions that the Truth Terminal account might be controlled by a human rather than an AI. These doubts were sparked by a typo in one of its tweets, leading some to question the authenticity of its AI origins. Addressing the concerns, Andy Ayrey explained, “Such errors stem from the limitations of AI models. Large language models attempt to predict the next word, which can result in mistakes.” His clarification reassured the community about the project’s legitimacy . Analyst Perspectives: Is GOAT A Buy Or Sell? The crypto community on X remains divided on GOAT’s future trajectory. Crypto analyst Jake Pahor expressed optimism, stating, “At this point, I wish I’d bought more GOAT. What an incredible run. I believe we might see a pullback, which could offer some nice entry points. However, it might just continue pumping to a $1 billion+ market cap and prove me wrong.” Related Reading: Crypto Analyst Unveils The ‘True Time To Sell It All’: Here’s When On the other hand, analyst Astronomer (@astronomer_zero) has chosen to exit his position after significant gains. “GOAT is up 4x in a few days; that’s it, I’m out!” he remarks. “I know it sounds controversial—’don’t sell all, keep a moon bag’—but I was too heavily allocated to leave the open profit on the table. We bid $0.20 a few days ago; it was the bottom, and now we have the luxury to sell four times higher without much drawdown.” The analyst also draws a comparison with PEPE, which experienced a similar sharp rise. “Wanted $1–$2 because PEPE topped out on its first leg at a comparable market cap. But I think we’ve held long enough, and I’m fine leaving the final potential 2x or 3x to the top snipers.” Meanwhile, analyst cryptic (@crypticd22) remains bullish on GOAT’s prospects. “GOAT leads. It’s going to break $1 billion and likely do more,” he predicts. “A PEPE or Wif-type run could be on the cards here. Even if you’re not in GOAT, the wealth effect of this will mark the start of on-chain mania—in fact, it already has. GOAT will then consolidate. That’s when the rest of AI memes move. Maybe some will get front-run, but it will come. Patience.” At press time, GOAT traded at $0.79. Featured image created with DALL.E, chart from TradingView.com",
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            "caption": "The Ethereum price is signaling a potential breakout based on recent price movements. According to Trader Tardigrade, a crypto analyst on X (formerly Twitter), Ethereum could see its value reaching new all-time highs of around $10,000 if it can successfully break out of its current symmetrical triangle formation.  ETH Triangle Breakout Targets $10,000 Trader Tardigrade has predicted Ethereum’s next price target to $10,000 based on an ascending trendline and symmetrical triangle pattern. To be more precise, the analyst has confirmed that the Ethereum price has been following a distinctive ascending trendline and is now forming a key symmetrical triangle pattern, which often indicates an imminent price breakout. Related Reading: Analyst Says Dogecoin Price Looks ‘Ready’, Predicts 5,202% Surge In light of these developments, Trader Tardigrade has revealed that, historically, Ethereum has experienced explosive rallies to new highs after breaking out of symmetrical triangle patterns. Sharing an Ethereum price chart confirming this observation, Trader Tardigrade revealed that from June 2022 to the present, the Ethereum price has broken out of multiple symmetrical triangle patterns while playing on an ascending trendline.  Before April 2023, the cryptocurrency’s price broke out of a symmetrical triangle, which led to a massive 70.73% price increase to new highs. Similarly, from around October 2023 to the beginning of 2024, the cryptocurrency experienced its second breakout, triggering a massive 140.4% price rally. Based on these historical bullish trends, Trader Tardigrade has noted that Ethereum is approaching its third breakout from its current symmetrical triangle pattern. In the last breakout, the cryptocurrency had doubled its gains, jumping 70% from the first breakout to 140%.  With this in mind, the analyst has projected that this next breakout could result in a 280% price increase for Ethereum, doubling its 140% jump from the second breakout. Moreover, if Ethereum’s price increases by this projected 280% rally, then its price could potentially reach $10,000.  Update On The Ethereum Price Action Despite bullish projections suggesting that Ethereum could be gearing up to hit new all-time highs, the cryptocurrency has been under significant downward pressure, experiencing major declines and slow growth. To the dismay of Ethereum investors, the cryptocurrency has declined again by 2.20% in the last 24 hours, after experiencing a 4.1% decrease over the past week, according to CoinMarketCap.  Related Reading: Bitcoin Price Shows Bearish Engulfment After Breakout, Here’s How Far The Price Could Crash The ongoing decline in Ethereum has also prompted significant backlash from many crypto community members, with analysts ranking it as one of the most underperforming assets from the previous market cycle. While other crypto members emphasize how disappointing the cryptocurrency’s price performance has been lately.  As of writing, the Ethereum price is trading at $2,517, with many predicting that the cryptocurrency could drop even lower and possibly trigger a downturn for other altcoins in the market if it fails to maintain the 0.038 BTC/ETH level.   Featured image created with Dall.E, chart from Tradingview.com",
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            "caption": "Cybersecurity researchers have discovered an advanced version of the Qilin ransomware sporting increased sophistication and tactics to evade detection.\nThe new variant is being tracked by cybersecurity firm Halcyon under the moniker Qilin.B.\n\"Notably, Qilin.B now supports AES-256-CTR encryption for systems with AESNI capabilities, while still retaining Chacha20 for systems that lack this support",
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            "caption": "The cryptocurrency market’s recent dominance by Bitcoin has decreased below 50%, indicating a potential adverse trend as retail activity increases. This change prompts inquiries regarding market dynamics and investor sentiment. Bitcoin’s dominance has been a critical indicator of whether the market is in a bull or negative cycle throughout history. As Bitcoin’s dominance is growing, usually, it means a defensive market where investors would prefer the relatively safer alternative of Bitcoin rather than altcoins. Related Reading: Bitcoin ETF Inflow Streak Breaks With Nearly $80 Million Outflows In Sudden Reversal Whereas a fall usually means the investor is likely to increase his risk and very often prefers to invest in altcoins for possible higher returns. Crypto analyst Alan Santana identified three significant warning signals for Bitcoin’s dominance in an X post on Tuesday, as retail investors resumed trading after an extended period of inactivity. #BTCdominance 🅱️ 3 Bitcoin Dominance Bearish Signals + Fibonacci Time Calculations I would like to show here mainly three signals that can be considered bearish on this chart, Bitcoin Dominance (BTC.D). 1) There is a Doji on the 16th of September. Coming at the top of a trend… pic.twitter.com/enQAeVo5MB — Alan Santana (@lamatrades1111) October 21, 2024 The Increase In Retail Activity As Bitcoin’s supremacy wanes, retail investors are getting increasingly active. Usually, this rise in retail involvement comes with a decline in Bitcoin’s market share since these investors transfer to altcoins in search of better earnings. The current situation is reminiscent of previous cycles, during which the increase in retail interest resulted in a substantial decrease in Bitcoin’s dominance. For example, Bitcoin’s dominance declined significantly during the 2021 bull market as new altcoins gained momentum, diverting attention from the original cryptocurrency. General Shift In Investor Mood Market experts say that this trend isn’t just a one-time thing; it’s a sign of larger changes in how investors act. As non-fungible tokens (NFTs) and decentralized finance (DeFi) have grown, altcoins have become more appealing. A lot of investors think that networks like Ethereum, which support smart contracts and decentralized apps, are more flexible than Bitcoin these days. This change could be a sign of a bigger shift in how people think about and use cryptocurrencies. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum Fluctuation Trends Bitcoin has seen a trend of fluctuations in dominance since its inception in 2009. Starting with an almost 100% market share, it began to decline slowly with the introduction of more altcoins. Bitcoin fell crucially during both the ICO boom of 2017 and the DeFi surge of 2021, at which time it fell to below 40% dominance. Given such historical precedents, this might represent another such phase where altcoins do outperform Bitcoin, especially when retail interest is growing. Experts believe that this can cause the crypto markets to become even more volatile in the future if this continues. Declines in dominance are often precursors to speculative trading, which subsequently causes prices of both Bitcoin and altcoins to fluctuate wildly. The current level of Bitcoin dominance functions as a gauge of the general market sentiment. Many speculators are reassessing their strategies as it continues to decline. Featured image using Dall.E, chart from TradingView",
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            "caption": "Bitcoin has rebounded strongly from the $65,000 mark after a 6% dip from Monday’s high of around $69,500. Despite the recent pullback, BTC remains in a bullish trend that has been in place since early September. This rebound shows resilience, helping maintain the bullish market structure.  Key data from CryptoQuant reveals that the average funding rate has steadily grown since September, indicating that bullish sentiment is increasing as more traders actively engage in the market. Related Reading: Solana Stays Strong Despite BTC Drop – $176 Next? The coming two weeks will be pivotal for Bitcoin as it approaches March’s all-time high. Investors and analysts closely watch price movements as BTC builds momentum toward breaking key resistance levels. If the bullish trend continues, Bitcoin could be poised for another significant rally, with the potential to set new highs shortly. However, any failure to hold current levels could bring renewed volatility. Bitcoin Showing Strength Despite a recent dip, Bitcoin remains strong above key demand levels, maintaining the overall bullish structure. Analysts and investors are closely monitoring the price action for confirmation that the current phase is simply a bullish consolidation before the next leg up.  CryptoQuant analyst Axel Adler shared data on X, highlighting the BTC futures perpetual funding rate, which has shown steady growth since Bitcoin reached the $60,000 level. This indicates a growing number of bulls entering the market, with optimism rising as the price pushes higher. Adler suggested that bullish momentum will likely continue as long as this funding rate increases, reinforcing that BTC is in a healthy consolidation phase. However, this doesn’t guarantee an immediate breakout. There is still a significant chance that Bitcoin may trade sideways over the next few days. Sideways price action could be essential for building liquidity, allowing the market to gather strength for a larger move. Related Reading: Dogecoin Breaks Above $0.12 Level – Time For DOGE To Catch Up? While the market sentiment remains optimistic, especially with the ongoing increase in bullish activity, investors should prepare for potential fluctuations. The next major price action could go in either direction, but the steady support above key levels is a positive indicator for those betting on further upside in Bitcoin’s price. BTC Holding Above Key Demand  Bitcoin is holding strong above the $66,000 level after finding support around $65,000. Currently trading at $67,100, the market seems to be in a consolidation phase, and it may take some time before a breakout above the crucial $70,000 level.  For the bulls to maintain momentum, it’s essential that the price holds above $65,000 or finds support around the $64,300 mark, where both the 4-hour exponential moving average (EMA) and moving average (MA) align. Related Reading: Bitcoin Bears Lose Control As BTC Net-Taker Volume Shifts Positive If Bitcoin fails to maintain these support levels, a deeper correction could be expected, with the price potentially retracing to lower demand zones around $60,000. On the other hand, if BTC manages to break and hold above $70,000 in the coming days, this could trigger a strong rally toward challenging all-time highs. With investors closely monitoring key support and resistance levels, the next few days will be crucial for determining Bitcoin’s direction. Featured image from Dall-E, chart from TradingView",
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            "caption": "Crypto analyst MMBT Trader has revealed that the Bitcoin price is retesting a bullish channel at the $65,000 price level. He further mentioned what market participants should expect if the flagship crypto holds above or breaks below this bullish channel.  Bitcoin Price Retesting $65,000 And What Could Come Next MMBT Trader mentioned in a TradingView post that the $65,000 support zone is now the major daily support, and market participants can expect a valid retest of the channel breakout. The analyst claimed that if the Bitcoin price holds this support, investors can expect a “heavy pump”, which could lead to a new all-time high (ATH).  Related Reading: Analyst Says Dogecoin Price Looks ‘Ready’, Predicts 5,202% Surge However, if the Bitcoin price fails to hold the $65,000 bullish channel, such a breakout to the downside would lead to a free fall to the $60,000 support level. MMBT Trader even suggested the possibility of BTC retesting $50,000 if it fails to hold above $65,000. Meanwhile, a breakdown means that the flagship crypto could range for a while before it makes another attempt to break its ATH at $73,000.  Analyst Justin Bennett also recently highlighted the $65,800 range as the first test for the Bitcoin price. He had also indicated that BTC could drop to around $63,000 if it fails to hold above this level. However, a successful hold above this price range would invalidate his trade setup.  The Bitcoin price has so far held well above $65,000 since it again reclaimed $67,000 after the price crash two days ago. However, Bennett indicated that BTC isn’t yet in the clear despite the bounce on October 23. He claimed there is no confirmed bottom as long as the flagship crypto is below $68,200.  BTC Needs A Weekly Close Above This Level In an X post, crypto analyst Rekt Capital mentioned that a weekly close above $66,200 would be confirmed as a successful retest. He noted that the flagship crypto was showing promising signs so far, having already produced a wick below the $66,200 price level and returned above it.  Related Reading: Brace For Impact: Court Orders Massive LUNC Burn As Part Of $4.5 Billion Settlement For Terraform Labs His accompanying chart showed that the Bitcoin price drop below $66,200 before the weekly close could lead to further breakdown below the $60,000 support level.  Meanwhile, bear analyst CrediBULL Crypto predicted that the Bitcoin price could retest the $68,000 range to “bait in some final longs” before it suffers a “rug pull” to the $60,000 support level. The analyst is one of those who believe that it is still too soon to call for a new ATH for BTC based on his belief that the flagship crypto still needs to retest the lower range.  At the time of writing, the Bitcoin price is trading at around $67,000, up in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com",
            "headline": "Bitcoin Price Retests Bullish Channel At $65,000, Analyst Reveals What’s Next",
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            "caption": "Bernstein Research, the esteemed research arm of global asset manager AllianceBernstein, is projecting that Bitcoin will reach $200,000 by the end of 2025. The firm, which manages assets worth $791 billion as of August 2024, labels this prediction as “conservative” in its latest 160-page “Black Book” on Bitcoin. Why BTC Price Will Hit $200,000 In 2025 Bernstein’s report, titled “From Coin to Computing: The Bitcoin Investing Guide,” delves into the multifaceted dynamics propelling Bitcoin’s ascent. The firm underscores the surge in institutional adoption, the burgeoning market for Bitcoin exchange-traded funds (ETFs), and the evolving role of Bitcoin miners in both the cryptocurrency and artificial intelligence (AI) sectors. “If you are a Bitcoin skeptic … maybe a limited supply, ‘store of value’ digital asset is not such a bad thing in a world where U.S. debt hits new records ($35 trillion now) and threats of inflation still loom. If you like gold here, you should love Bitcoin even more,” writes Gautam Chhugani, Managing Director and Senior Analyst at Bernstein. Related Reading: Expert Sets $285,000 Bitcoin Price Target Based On Quantile Model The report highlights a significant shift in institutional investment patterns. According to Bernstein, global asset managers now hold approximately $60 billion worth of Bitcoin and Ethereum ETFs, a fivefold increase from $12 billion in September 2022. The firm describes the launch of these ETFs as “the most successful in the history of exchange-traded funds,” noting $18.5 billion in inflows year-to-date since their introduction in January. “By 2024 end, we expect Wall Street to replace Satoshi as the top Bitcoin wallet,” the report states. Bernstein attributes this surge to the logistical challenges of self-custody for retail investors. “With institutional players flocking to Bitcoin, ETFs are proving to be the entry point for large-scale investment in digital assets,” the firm notes. Bernstein’s bullish stance on Bitcoin is underpinned by its analysis of market trends and institutional behavior. BTC price has already appreciated by 120% over the past 12 months, with its market capitalization swelling to $1.3 trillion. “With institutional adoption accelerating, we expect Bitcoin to triple from its current levels,” Bernstein projects. The firm anticipates that Bitcoin’s market cap could expand to over $3 trillion by the end of 2025, driven by increased allocations from wealth management platforms, pension funds, and registered investment advisors. The report also suggests that larger financial institutions will play a more dominant role as the market matures. “This new institutional era, in our view, could push Bitcoin to a high of $200,000 by 2025 end,” the analysts write, emphasizing that the forecast is “conservative” given the current trajectory of institutional involvement. Bitcoin Treasury And Mining Another focal point of Bernstein’s report is the growing adoption of Bitcoin as a corporate treasury asset. The firm highlights MicroStrategy Incorporated (NASDAQ: MSTR) as a pioneering example. Led by CEO Michael Saylor, MicroStrategy has allocated more than 99% of its cash holdings to Bitcoin, owning approximately 1.3% of the total Bitcoin supply. Related Reading: Bitcoin’s Network Fundamentals Turn Bullish—Here Are The Details “We view MicroStrategy as an active leveraged Bitcoin equity strategy,” Bernstein states, pointing out that the company’s stock has offered superior returns compared to holding Bitcoin directly or via ETFs. Bernstein’s report also sheds light on the consolidation trends within the Bitcoin mining industry. Major players like Riot Platforms (NASDAQ: RIOT), CleanSpark (NASDAQ: CLSK), and Marathon Digital Holdings are acquiring smaller miners, leading to an industry dominated by industrial-scale operations. “Leading US Bitcoin miners are consolidating share and becoming energy infrastructure players,” the report notes. “We expect Riot, CleanSpark, and Marathon to consolidate the Bitcoin mining industry.” Bernstein predicts that these leading miners will control 30% of Bitcoin’s total hashrate by 2025. The analysts further explore the synergy between Bitcoin mining and AI infrastructure. Bitcoin miners are emerging as attractive partners for GPU cloud providers, offering gigawatt-scale energy access and reducing the “time to market” for energizing AI data centers. “Miners present an energy arbitrage opportunity, trading at $2-4 million per megawatt, compared to $30-50 million per megawatt for legacy data centers,” Bernstein observes. Companies like Core Scientific and Iris Energy are capitalizing on this by developing AI data centers alongside Bitcoin mining operations. “Bitcoin miners are evolving into essential partners for AI data centers as they capitalize on excess energy capacity and offer efficient solutions for high-performance computing,” Bernstein states. This convergence not only diversifies revenue streams for miners but also enhances the sustainability and scalability of AI infrastructures. At press time, BTC traded at $67,162. Featured image created with DALL.E, chart from TradingView.com",
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            "caption": "Sometimes, it turns out that the answers we struggled so hard to find were sitting right in front of us for so long that we somehow overlooked them. \nWhen the Department of Homeland Security, through the Cybersecurity and Infrastructure Security Agency (CISA), in coordination with the FBI, issues a cybersecurity warning and prescribes specific action, it’s a pretty good idea to at least read the",
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            "caption": "This article is from The Spark, MIT Technology Review’s weekly climate newsletter. To receive it in your inbox every Wednesday, sign up here. As a climate reporter, I’m all too aware of the greenhouse-gas emissions that come from food production. And yet, I’m not a vegan, and I do enjoy a good cheeseburger (at least…",
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            "caption": "The recent increase in the appeal of spot Bitcoin exchange-traded funds (ETFs) in the United States has temporarily ceased. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum On Tuesday, these funds underwent a reversal, resulting in net outflows of $79.01 million, following an extraordinary seven-day streak of positive inflows. Farside Investors are the source of this data, a company that specializes in the analysis of ETF flows. A Brief Obstacle The $79 million outflow represents a significant shift in sentiment among investors who had previously demonstrated a strong interest in Bitcoin ETFs. Over the span of two days last week, the market attracted around $1 billion in inflows, implying a robust demand for these financial products. The main cause of this negative change was Ark and 21Shared’s ARKB, which resulted in a substantial $134.7 million outflow. BlackRock’s IBIT, the best-performing bitcoin ETF by net assets, drew $43 million. Fidelity’s FBTC and VanEck’s HODL, which received $8.8 million and $3.8 million, respectively, also helped. There were no new flows on the remaining eight funds, including Grayscаle’s GBTC, during the day. Nevertheless, Bitcoin ETFs could bring in more than $21 billion to date. This number clearly signifies the rising use of Bitcoin as a new asset class and it is only going to see more hedge funds take larger positions. US-traded spot Bitcoin ETFs have also seen significant interest from institutional investors, with 20% of the market owned by them as of October 22. Institutional ownership of U.S. #Bitcoin Spot ETFs is around 20%, with asset managers holding 193K BTC (per Form 13F filings). pic.twitter.com/9YTOEH3G5w — Ki Young Ju (@ki_young_ju) October 22, 2024 Institutional Demand Is Still Strong Regardless, while the latest ETF flow swings have been significant in themselves, they can not distract from what is an ongoing push towards institutional Bitcoin adoption. Among the main companies who have made large investments in these funds are Goldman Sachs and Millennium Management. The SEC’s approval of options trading on 11 Bitcoin ETFs will help investors manage their Bitcoin exposure, boosting interest. Through more efficient position hedging made possible by options trading, investors can help to steady the market and lower volatility over time. Analysts argue that this would draw more institutional money to the industry, therefore supporting Bitcoin’s reputation as a credible investment tool. Bitcoin ETF: Looking Ahead Although outflows may cause concern, many analysts are positive about Bitcoin ETFs. Options trading’s SEC approval is a turning point that could improve market efficiency and liquidity. More institutional players coming into the space are likely to change the dynamics. The current pause in inflows could be a temporary phenomenon only; investors are repositioning their strategies given the shift in market conditions. Related Reading: Shiba Inu Soars: Analyst Predicts 71% Rally In ‘Meme Super Cycle’ – Details The outlook for spot Bitcoin ETFs, looking into the long term, appears quite positive with the current uptick in adoption from the institutional space and trading of Bitcoin at or near three-month highs. The recent outflows from spot Bitcoin ETFs may indicate a temporary setback; however, the prevailing trend of heightened institutional interest and regulatory support indicates that this asset class is here to stay. Investors will be intently monitoring the rapid evolution of this market for any new developments. Featured image from The Rio Times, chart from TradingView",
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            "caption": "The recent increase in the appeal of spot Bitcoin exchange-traded funds (ETFs) in the United States has temporarily ceased. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum On Tuesday, these funds underwent a reversal, resulting in net outflows of $79.01 million, following an extraordinary seven-day streak of positive inflows. Farside Investors are the source of this data, a company that specializes in the analysis of ETF flows. A Brief Obstacle The $79 million outflow represents a significant shift in sentiment among investors who had previously demonstrated a strong interest in Bitcoin ETFs. Over the span of two days last week, the market attracted around $1 billion in inflows, implying a robust demand for these financial products. The main cause of this negative change was Ark and 21Shared’s ARKB, which resulted in a substantial $134.7 million outflow. BlackRock’s IBIT, the best-performing bitcoin ETF by net assets, drew $43 million. Fidelity’s FBTC and VanEck’s HODL, which received $8.8 million and $3.8 million, respectively, also helped. There were no new flows on the remaining eight funds, including Grayscаle’s GBTC, during the day. Nevertheless, Bitcoin ETFs could bring in more than $21 billion to date. This number clearly signifies the rising use of Bitcoin as a new asset class and it is only going to see more hedge funds take larger positions. US-traded spot Bitcoin ETFs have also seen significant interest from institutional investors, with 20% of the market owned by them as of October 22. Institutional ownership of U.S. #Bitcoin Spot ETFs is around 20%, with asset managers holding 193K BTC (per Form 13F filings). pic.twitter.com/9YTOEH3G5w — Ki Young Ju (@ki_young_ju) October 22, 2024 Institutional Demand Is Still Strong Regardless, while the latest ETF flow swings have been significant in themselves, they can not distract from what is an ongoing push towards institutional Bitcoin adoption. Among the main companies who have made large investments in these funds are Goldman Sachs and Millennium Management. The SEC’s approval of options trading on 11 Bitcoin ETFs will help investors manage their Bitcoin exposure, boosting interest. Through more efficient position hedging made possible by options trading, investors can help to steady the market and lower volatility over time. Analysts argue that this would draw more institutional money to the industry, therefore supporting Bitcoin’s reputation as a credible investment tool. Bitcoin ETF: Looking Ahead Although outflows may cause concern, many analysts are positive about Bitcoin ETFs. Options trading’s SEC approval is a turning point that could improve market efficiency and liquidity. More institutional players coming into the space are likely to change the dynamics. The current pause in inflows could be a temporary phenomenon only; investors are repositioning their strategies given the shift in market conditions. Related Reading: Shiba Inu Soars: Analyst Predicts 71% Rally In ‘Meme Super Cycle’ – Details The outlook for spot Bitcoin ETFs, looking into the long term, appears quite positive with the current uptick in adoption from the institutional space and trading of Bitcoin at or near three-month highs. The recent outflows from spot Bitcoin ETFs may indicate a temporary setback; however, the prevailing trend of heightened institutional interest and regulatory support indicates that this asset class is here to stay. Investors will be intently monitoring the rapid evolution of this market for any new developments. Featured image from The Rio Times, chart from TradingView",
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            "caption": "Bitcoin (BTC) has seen a slight price decline recently, but according to a new analysis, there could still be signs of a potential short-term uptrend. A CryptoQuant analyst, Yonsei Dent, shared his insights on the CryptoQuant QuickTake platform, focusing on the Coinbase Premium Index and its impact on Bitcoin’s price movement. Related Reading: Bitcoin Price Headed For $35,720? Why Muted Volume Could Trigger Major Crash Key Indicators For Bitcoin Short-Term Momentum Dent’s analysis takes a closer look at how the movement of the Coinbase Premium Index—a measure of the price difference between Bitcoin on Coinbase and other exchanges—could indicate potential price trends for Bitcoin. Dent highlighted using the daily (24-hour) and weekly (168-hour) moving averages to assess short-term momentum. Specifically, when the daily moving average breaks through the weekly moving average, it has historically been a positive signal for Bitcoin’s price. Dent referred to past instances where this technical pattern, often called a “golden cross,” indicated a short-term increase in Bitcoin’s value. For context, a golden cross in technical analysis occurs when a short-term moving average (typically the 50-day) crosses above a long-term moving average (often the 200-day). This pattern is considered bullish, indicating potential upward momentum in an asset’s price. It suggests that buying interest is increasing, and the market sentiment is shifting toward optimism. The daily moving average has temporarily broken through the weekly moving average, leading Dent to suggest that this could be a key support level for Bitcoin, particularly around the $66.4,000 mark. Higher Lows And Positive Momentum Could Indicate Uptrend So far, BTC has continued to gradually decline after attempting to reclaim the $70,000 price mark on Monday. This suggests the asset might have met a major resistance around that price region. At the time of writing, BTC has dropped by 2.2% in the past day with a current trading price of $65,832. Despite this current price movement, Dent’s analysis points out that the asset has been forming higher highs and higher lows since August, which is generally considered a bullish pattern. Related Reading: Bitcoin Price Corrects Some Gains: A Pause Before the Next Move? This upward structure, where both the lows and highs gradually increase, could signal that the market is building toward a more sustainable price recovery. Dent’s reference to the Coinbase Premium Index further strengthens this possibility, as increased premiums on Coinbase often indicate stronger buying pressure from institutional investors based in the US. The analyst expects this upward momentum to continue in the short term if the current patterns hold. Featured image created with DALL-E, Chart from TradingView",
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            "caption": "Bitcoin (BTC) has seen a slight price decline recently, but according to a new analysis, there could still be signs of a potential short-term uptrend. A CryptoQuant analyst, Yonsei Dent, shared his insights on the CryptoQuant QuickTake platform, focusing on the Coinbase Premium Index and its impact on Bitcoin’s price movement. Related Reading: Bitcoin Price Headed For $35,720? Why Muted Volume Could Trigger Major Crash Key Indicators For Bitcoin Short-Term Momentum Dent’s analysis takes a closer look at how the movement of the Coinbase Premium Index—a measure of the price difference between Bitcoin on Coinbase and other exchanges—could indicate potential price trends for Bitcoin. Dent highlighted using the daily (24-hour) and weekly (168-hour) moving averages to assess short-term momentum. Specifically, when the daily moving average breaks through the weekly moving average, it has historically been a positive signal for Bitcoin’s price. Dent referred to past instances where this technical pattern, often called a “golden cross,” indicated a short-term increase in Bitcoin’s value. For context, a golden cross in technical analysis occurs when a short-term moving average (typically the 50-day) crosses above a long-term moving average (often the 200-day). This pattern is considered bullish, indicating potential upward momentum in an asset’s price. It suggests that buying interest is increasing, and the market sentiment is shifting toward optimism. The daily moving average has temporarily broken through the weekly moving average, leading Dent to suggest that this could be a key support level for Bitcoin, particularly around the $66.4,000 mark. Higher Lows And Positive Momentum Could Indicate Uptrend So far, BTC has continued to gradually decline after attempting to reclaim the $70,000 price mark on Monday. This suggests the asset might have met a major resistance around that price region. At the time of writing, BTC has dropped by 2.2% in the past day with a current trading price of $65,832. Despite this current price movement, Dent’s analysis points out that the asset has been forming higher highs and higher lows since August, which is generally considered a bullish pattern. Related Reading: Bitcoin Price Corrects Some Gains: A Pause Before the Next Move? This upward structure, where both the lows and highs gradually increase, could signal that the market is building toward a more sustainable price recovery. Dent’s reference to the Coinbase Premium Index further strengthens this possibility, as increased premiums on Coinbase often indicate stronger buying pressure from institutional investors based in the US. The analyst expects this upward momentum to continue in the short term if the current patterns hold. Featured image created with DALL-E, Chart from TradingView",
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            "caption": "Ava Protocol, the event-driven EigenLayer Active Validated Service (AVS), has seen notable growth since launching in July. The Web3 automation provider reported a significant increase in demand for its “super-transactions” solution ahead of its token launch. Related Reading: Analyst Says Fantom (FTM) Downtrend Is Over, Is $1 The Next Stop? Web3 Automation Provider Sees 900% Demand Increase Ava protocol reported a 900% surge in demand for its blockchain automation solution.  The EigenLayer AVS offers Web3 infrastructure to support cross-chain automation, enabling composable autonomous transactions and allowing developers to deploy dApps rapidly. The protocol records $3 billion in restaked assets since launching on EigenLayer’s mainnet four months ago. Ava Protocol’s operator Total Value Locked (TVL) reportedly spiked to $1.7 billion worth of Ethereum (ETH) within two weeks of its launch. Additionally, the report reveals it has gained over 11,500 unique wallets and reached over 1,000 daily automated transactions running on the testnet. The Web3 automation provider’s solution “super-transactions” aims to offer “seamless, private, and composable automation” for any smart contract function, eliminating the need for developers to write code. Ava Protocol simplifies blockchain for developers and non-technical users. With the automation provider’s solution, users can access enhanced privacy, composability and significantly lower transaction costs. The Future Of The Blockchain Automation Landscape Chris Li, the founder of Ava Protocol, remarked on how super-transactions “are transforming the landscape of blockchain automation” by assisting creators to build more efficiently and simplifying the creation of Web3 applications: By offering no-code, composable automation, we empower developers and creators to build more efficiently, whether they’re working in DeFi, NFTs, or RWAs. Our platform brings simplicity to complex processes, making them accessible to non-technical users through intuitive tools like our drag-and-drop interface, or our AI-powered automation copilot. The Web3 infrastructure provider recently partnered with Soneium, Sony’s Ethereum Layer 2 (L2) blockchain, to bring automation to the network through Soneium Spark’s Incubation program. The collaboration seeks to “simplify blockchain” for Soneium developers and users with limited technical knowledge by executing transactions and smart contracts based on predefined conditions. The partnership is set to enable creators and developers in Sony’s blockchain to monetize their work with intent-base, no-code automation, allowing them to tokenize Real-World Assets (RWA) and unlock fractional ownership alongside new distribution methods. Related Reading: SUI To Face Another Pullback Following 5.3% Dip, Analysts Forecast 30% Correction Moreover, Ava Protocol has also partnered with other EigenLayer AVSs to offer its automation services, including fixed-rate lending dApp Term Finance, quantitative trading DEX Lhava, RWA ecosystem Zoth, and restaking rewards provider Hourglass. Ava Protocol expects to issue its token following its recent development and collaborations in the following months. The automation provider seeks to “cement itself” as a leading player in the sector by launching its cryptocurrency in the next two to three months. At the time of this writing, further details about the token’s launch have not been revealed. Featured Image from Unsplash.com, Chart from TradingView.com",
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            "caption": "The on-chain analytics firm Santiment has revealed the potential reason behind the corrections that Dogecoin and Apecoin have faced recently. Dogecoin & Apecoin Are Among Memecoins That Fell Prey To FOMO Recently As explained by Santiment in a new post on X, the Positive Sentiment vs. Negative Sentiment Ratio has seen a spike for Dogecoin and other memecoins recently. The “Positive Sentiment vs. Negative Sentiment Ratio” here refers to an indicator that tells us whether major social media platforms are leaning towards positive or negative comments right now. Related Reading: Bitcoin Profitability Index Hits 202%: Is This Enough For A Top? This indicator makes use of a machine-learning model designed by the analytics firm to separate between comments pertaining to negative and positive sentiments. When the value of the metric is greater than zero, it means the total number of positive posts/threads/messages is outweighing that of the negative ones. On the other hand, the indicator being under this threshold suggests the dominance of bearish sentiment on social media. Now, here is the chart shared by Santiment that shows the trend in this indicator for four assets over the past few months: As displayed in the above graph, Dogecoin and Apecoin both witnessed spikes in the Positive Sentiment vs. Negative Sentiment Ratio recently, implying a large amount of positive comments related to these coins were made on social media. Interestingly, as the analytics firm has pointed out, these spikes coincided with tops in the DOGE and APE prices. The other two memecoins listed in the chart, GIGA and GOAT, also witnessed a similar pattern, although their tops came before that of the former two. While positive sentiment can suggest belief in the market, a large amount of it can be an indication of excessive hype, which is something that has historically led to tops for not just memecoins but cryptocurrencies in general. “Prices typically always go the opposite direction of the crowd’s expectations, and when the crowd gets extreme on either the bullish or bearish end, it becomes highly predictable to buy or sell,” explains Santiment. Given the timing of the recent positive spikes in the indicator, it would appear possible that the Fear Of Missing Out (FOMO) that developed among the investors was the reason behind the corrections that Dogecoin and others have faced. Related Reading: Ethereum Leverage Ratio Reaches Extreme Levels, What It Means The Positive Sentiment vs. Negative Sentiment Ratio could now be to watch in the coming days, as any cooldowns in its value could pave way for bullish momentum to restart for these coins. DOGE Price Dogecoin had neared the $0.150 level a few days ago, but with the correction that has followed since then, its price has retraced back to the $0.136 mark. Featured image from Dall-E, Santiment.net, chart from TradingView.com",
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            "caption": "Cardano price started a fresh decline below the $0.3550 zone. ADA is consolidating above $0.3400 and might attempt a recovery wave. ADA price started a downward move below the $0.3500 support level. The price is trading below $0.3550 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.3600 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.3585 resistance zone. Cardano Price Consolidates Losses After testing the $0.3685 resistance, Cardano struggled to continue higher. ADA formed a short-term top and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $0.3550 and $0.3500 support levels. There was a break below a key bullish trend line with support at $0.3600 on the hourly chart of the ADA/USD pair. The price even declined below $0.3440 before the bulls appeared. A low was formed at $0.3420 and the price is now correcting losses. There was a minor move above the $0.3480 level. The price cleared the 23.6% Fib retracement level of the downward move from the $0.3685 swing high to the $0.3420 low. Cardano price is now trading below $0.3550 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.3550 zone or the 50% Fib retracement level of the downward move from the $0.3685 swing high to the $0.3420 low. The first resistance is near $0.3585. The next key resistance might be $0.3685. If there is a close above the $0.3685 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.3780 region. Any more gains might call for a move toward $0.3950. Another Decline in ADA? If Cardano’s price fails to climb above the $0.3550 resistance level, it could start another decline. Immediate support on the downside is near the $0.3480 level. The next major support is near the $0.3420 level. A downside break below the $0.3420 level could open the doors for a test of $0.3250. The next major support is near the $0.3120 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.3450 and $0.3420. Major Resistance Levels – $0.3550 and $0.3685.",
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            "caption": "Cardano price started a fresh decline below the $0.3550 zone. ADA is consolidating above $0.3400 and might attempt a recovery wave. ADA price started a downward move below the $0.3500 support level. The price is trading below $0.3550 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.3600 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the $0.3585 resistance zone. Cardano Price Consolidates Losses After testing the $0.3685 resistance, Cardano struggled to continue higher. ADA formed a short-term top and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $0.3550 and $0.3500 support levels. There was a break below a key bullish trend line with support at $0.3600 on the hourly chart of the ADA/USD pair. The price even declined below $0.3440 before the bulls appeared. A low was formed at $0.3420 and the price is now correcting losses. There was a minor move above the $0.3480 level. The price cleared the 23.6% Fib retracement level of the downward move from the $0.3685 swing high to the $0.3420 low. Cardano price is now trading below $0.3550 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.3550 zone or the 50% Fib retracement level of the downward move from the $0.3685 swing high to the $0.3420 low. The first resistance is near $0.3585. The next key resistance might be $0.3685. If there is a close above the $0.3685 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.3780 region. Any more gains might call for a move toward $0.3950. Another Decline in ADA? If Cardano’s price fails to climb above the $0.3550 resistance level, it could start another decline. Immediate support on the downside is near the $0.3480 level. The next major support is near the $0.3420 level. A downside break below the $0.3420 level could open the doors for a test of $0.3250. The next major support is near the $0.3120 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.3450 and $0.3420. Major Resistance Levels – $0.3550 and $0.3685.",
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            "caption": "Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance. Bitcoin extended losses and tested the $65,200 zone. The price is trading below $67,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $66,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,500 resistance zone. Bitcoin Price Starts Fresh Increase Bitcoin price extended its downside correction below the $66,500 level. There was a move below the $66,000 and $65,500 levels. The price even tested the $65,200 support zone. A low was formed at $65,199 and the price is again rising. There was a clear move above the $66,500 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $69,425 swing high to the $65,199 low. Besides, there was a break above a key bearish trend line with resistance at $66,800 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $67,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $67,300 level or the 50% Fib retracement level of the downward move from the $69,425 swing high to the $65,199 low. The first key resistance is near the $67,500 level. A clear move above the $67,500 resistance might send the price higher. The next key resistance could be $68,000. A close above the $68,000 resistance might initiate more gains. In the stated case, the price could rise and test the $69,200 resistance level. Any more gains might send the price toward the $70,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $67,500 resistance zone, it could start another decline. Immediate support on the downside is near the $66,500 level. The first major support is near the $66,200 level. The next support is now near the $66,000 zone. Any more losses might send the price toward the $65,200 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $66,500, followed by $66,200. Major Resistance Levels – $67,500, and $68,000.",
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            "caption": "According to crypto options traders, Bitcoin (BTC) is primed to break through its previous all-time high (ATH) regardless of who wins the US presidential election in November. US Elections Results Not Consequential As the US presidential elections inch closer, a slight change in tone can be observed among crypto options traders regarding its implications on the digital asset market. Related Reading: Can Bitcoin Price Reach A New All-Time High? This Golden Cross Suggests So Notably, options traders are increasingly betting big on $80,000 BTC by the end of November, regardless of whether Republican candidate Donald Trump or Democratic candidate Kamala Harris wins the election. Commenting, David Lawant, head of research at FalconX, a crypto brokerage firm, said: I believe the market consensus is that Bitcoin is likely to perform well regardless of the election outcome. Our analysis shows that options activity surrounding the upcoming elections exhibits a notable topside-heavy bias. Within crypto circles, the general belief is that a Trump win would likely benefit the digital asset ecosystem. At the same time, a Harris victory would likely continue the Biden administration’s perceived hostile stance toward cryptocurrencies. However, Harris has attempted to shift this perception among crypto voters, as she recently promised to foster emerging technologies like AI and digital assets through a supportive regulatory framework. Besides the US elections, other factors, such as interest rate cuts by the US Federal Reserve (Fed) and cooling inflation, can be attributed to increased optimism toward a new ATH for Bitcoin by the end of the year. To recollect, Bitcoin hit its current ATH value of $73,797 in March 2024, largely buoyed by the anticipated demand for the digital asset following the approval of Bitcoin exchange-traded funds (ETF) by the US Securities and Exchange Commission (SEC). However, BTC dropped to $53,956 in September due to rising interest rates, before the Fed announced a rate cut. Since then, Bitcoin has rebounded strongly, trading just above $66,000. Bitcoin Put To Call Ratio Trending Lower According to data compiled by Deribit, the largest crypto options exchange by reported trading volume, the put-to-call ratio is trending lower toward the end of the year.  Essentially, a lower put-to-call ratio means that more traders are buying call options than put options, indicating a strong belief that BTC will likely surge in the coming days. Related Reading: Bitcoin Profitability Index Hits 202%: Is This Enough For A Top? Yev Feldman, co-founder at SwapGlobal, an institutional-grade crypto options trading platform, notes: We see traders buy calls near 68k and puts near 66k, in other words, many continuously position and reposition for a breakout for either end. There is limited reason to collapse downwards after the election, so up makes more sense. Additionally, for BTC call options expiring on November 29, open interest is largely concentrated around $80,000, with $70,000 being the second most favored strike price. For call options expiring on December 27, strike prices are between $80,000 and $100,000. Recent reports suggest that retail interest in BTC has been on a gradual upward trajectory, indicating that the market is in risk-on mode after being range-bound for the majority of the year. Lawant concluded: This indicates that investors are leveraging the options market more as a tool for capturing potential upside rather than as a hedge against downside risks. Concerns about a potential downside persist due to heightened geopolitical uncertainties in the Middle East and lingering doubts about Bitcoin’s halving earlier this year. BTC trades at $66,696 at press time, down 0.7% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com",
            "headline": "Bitcoin Options Traders See $80,000 BTC By November End, US Election Outcome Irrelevant",
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            "caption": "Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance. Bitcoin extended losses and tested the $65,200 zone. The price is trading below $67,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $66,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,500 resistance zone. Bitcoin Price Starts Fresh Increase Bitcoin price extended its downside correction below the $66,500 level. There was a move below the $66,000 and $65,500 levels. The price even tested the $65,200 support zone. A low was formed at $65,199 and the price is again rising. There was a clear move above the $66,500 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $69,425 swing high to the $65,199 low. Besides, there was a break above a key bearish trend line with resistance at $66,800 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $67,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $67,300 level or the 50% Fib retracement level of the downward move from the $69,425 swing high to the $65,199 low. The first key resistance is near the $67,500 level. A clear move above the $67,500 resistance might send the price higher. The next key resistance could be $68,000. A close above the $68,000 resistance might initiate more gains. In the stated case, the price could rise and test the $69,200 resistance level. Any more gains might send the price toward the $70,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $67,500 resistance zone, it could start another decline. Immediate support on the downside is near the $66,500 level. The first major support is near the $66,200 level. The next support is now near the $66,000 zone. Any more losses might send the price toward the $65,200 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $66,500, followed by $66,200. Major Resistance Levels – $67,500, and $68,000.",
            "headline": "Bitcoin Price Could Reignite Uptrend: Is a New Surge Coming?",
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            "caption": "Chainlink is the leading middleware, linking on-chain dapps with external data securely. While the platform is critical in many crypto sectors, especially DeFi, LINK has recently struggled for momentum. LINK Holders Moving Tokens From Exchanges: Are They Accumulating? However, on-chain streams from IntoTheBlock reveal that more holders are moving tokens from top exchanges like Binance and Coinbase. In a post on X, the analytics platform observes that exchange flow over the past month has been negative, signaling sustained withdrawals. Related Reading: Bitcoin’s Quarterly Performance Hints At Possible Correction—Here’s What You Should Know Usually, whenever tokens are moved from exchanges, it could indicate that owners are confident of what lies ahead. Since LINK, the ERC-20 token, is supported by many DeFi protocols, it could suggest that holders are interested in engaging with these dapps, possibly earning passive income. The more transfers from centralized ramps, the higher the likelihood of prices expanding in tandem, which is a net positive for LINK bulls. According to Etherscan, Chainlink has a top supply of 1 billion LINK distributed to 721,996 unique addresses when writing on October 23. These holders have, in turn, moved LINK over 15.8 million times. A level deeper, onchain data reveals that Binance controls more than 4.2% of the total supply. LINK under their control exceeds $479 million at spot rates.   Chainlink Building: Will Price Break Above $20? With IntoTheBlock data pointing to net outflows from exchanges, there is a chance that LINK will find support and resume the uptrend of the past few trading days. LINK has resistance at $12.3, and a double bar bear formation is printing out following the dip of early today.   However, even if prices break higher, rejecting bears, bulls must decisively expand above the double top at around $13. The eventual spike will open the door for LINK bulls to create a solid base for a rally to $20. The pace of this growth depends on how top altcoins, including Ethereum, perform. If Ethereum prices recover, soaring above $3,000, it could reinvigorate DeFi and NFT demand, lifting LINK. Beyond this, price drivers will include the team’s progress. Yesterday, October 22, Chainlink Labs launched the Cross-Chain Interoperability Protocol (CCIP) Private Transactions. This feature enables data privacy without violating existing laws guarding cross-chain transactions.   Related Reading: SUI To Face Another Pullback Following 5.3% Dip, Analysts Forecast 30% Correction The solution uses the middleware’s Blockchain Privacy Manager. This way, partner banks and other financial players can securely connect private chains with other ledgers whenever they share sensitive information. Feature image from DALLE, chart from TradingView",
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            "caption": "XRP price extended losses and tested the $0.5120 zone. The price is now rising and might attempt to clear the $0.5320 resistance zone. XRP price is correcting losses from the $0.5120 zone. The price is now trading below $0.5400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5350 resistance zone. XRP Price Starts Fresh Increase XRP price failed to start a fresh increase and extended losses below $0.5320, like Bitcoin and Ethereum. There was a move below the $0.530 and $0.5250 levels. The price even dipped below $0.5200 and tested $0.5120. A low was at $0.5117 and the price is now correcting losses. There was a move above the 23.6% Fib retracement level of the downward move from the $0.5600 swing high to the $0.5117 low. There was a break above a connecting bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair. The price is now trading below $0.5400 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5350 level or the 50% Fib retracement level of the downward move from the $0.5600 swing high to the $0.5117 low. The first major resistance is near the $0.5400 level. The next key resistance could be $0.5420. A clear move above the $0.5420 resistance might send the price toward the $0.5485 resistance. Any more gains might send the price toward the $0.5550 resistance or even $0.5650 in the near term. The next major hurdle might be $0.5800. Another Decline? If XRP fails to clear the $0.5350 resistance zone, it could start another decline. Initial support on the downside is near the $0.5230 level. The next major support is near the $0.5200 level. If there is a downside break and a close below the $0.5200 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.5050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5230 and $0.5200. Major Resistance Levels – $0.5350 and $0.5420.",
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            "caption": "Amid the ongoing Bitcoin price correction after attempting to reclaim $70,000 on Monday, a CryptoQuant analyst known as Mac.D has highlighted key shifts in the asset’s network fundamentals. This key shift in Bitcoin’s network fundamentals includes the rise in Bitcoin’s hashrate, which has surged to an all-time high, marking a significant milestone for the network. According to Mac.D in a recent post on the CryptoQuant QuickTake platform, the rise in BTC hashrate, which measures the computational power miners use, suggests “intensified competition” among miners, driving up the mining difficulty to unprecedented levels. Related Reading: Bitcoin’s Quarterly Performance Hints At Possible Correction—Here’s What You Should Know The Signals: Active Addresses And Mining Difficulty This increase in mining difficulty indicates Bitcoin’s growing intrinsic value. According to Mac.D, for long-term investors, commonly called “SmartMoney,” this makes Bitcoin an increasingly attractive investment. Historically, a higher hashrate and mining difficulty are positive indicators for the Bitcoin network, reflecting strong miner activity and a more secure network. The analyst’s observations come as Bitcoin has recently experienced a recovery in price after months of consolidation. Another important factor contributing to Bitcoin’s positive network fundamentals is the surge in active Bitcoin addresses. Mac.D pointed out that the number of active addresses, measured over 30 days, has risen steadily since mid-September. This increase in active addresses indicates greater user engagement with the network as more people send and receive Bitcoin. #Bitcoin Network Fundamentals Turn Positive “Bitcoin’s network fundamentals are exhibiting patterns similar to those observed during previous bullish periods. Even if a correction or consolidation phase occurs in the near future, there is a strong likelihood of a positive trend… pic.twitter.com/XBWCmNymKTCryptoQuant.com (@cryptoquant_com) October 23, 2024 Increase In Bitcoin Network Fees In addition to the rise in active addresses, Bitcoin’s total network fees have also increased, driven by a spike in on-chain transactions. Mac.D noted that this pattern is typical during bullish periods, where a price rally leads to more transactions increasing network fees. The rising fees and the surge in active addresses point to heightened network activity—a positive sign for Bitcoin’s overall health and adoption. Related Reading: Bitcoin Profitability Index Hits 202%: Is This Enough For A Top? The analyst also compared the current network activity to previous bullish periods, noting similarities in on-chain behaviour. The analyst noted: Even if a correction or consolidation phase occurs in the near future, there is a strong likelihood of a positive trend emerging. Notably, the increasing hashrate, rising transaction volume, and surging network fees all contribute to a more solid Bitcoin ecosystem, signaling that the network is becoming more resilient and attractive to miners and investors. Featured image created with DALL-E, Chart from TradingView",
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