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Anatoly Yakovenko, co-founder CEO of Solana Labs, has unveiled plans for a new decentralized exchange (DEX) named Percolator, designed as a sharded perpetuals protocol built directly on the Solana blockchain. The platform aims to provide a self-custodial and high-speed solution for perpetual futures trading, allowing crypto traders to speculate on price movements without the limitation of expiry dates. Solana’s Percolator Documentation Released The documentation for Percolator was released on GitHub, where it is described as “implementation-ready.” It introduces two primary components: a Router and a Slab program. The Router manages collateral, portfolio margins, and cross-slab routing, while the Slab program functions as a matching engine overseen by liquidity providers (LPs). Each slab operates independently, enabling what Yakovenko refers to as “fully self-contained matching and settlement.” This design ensures that any issues arising from a particular slab do not affect users who have not interacted with it. Yakovenko emphasized the advantages of this architecture, stating: This design keeps each LP’s slab fully self-contained and innovable, while the Router guarantees atomic routing, portfolio netting, and capability-scoped safety. The project’s GitHub repository already shows completed data structures for order books and memory pools, although the development of liquidation systems is still in progress. However, no official launch date has been announced. Competition In Derivatives Market Intensifies Currently, the Solana Foundation has not disclosed whether Percolator will receive formal ecosystem support or if it will emerge as a community-driven protocol. Should it succeed, Percolator would add to the expanding repertoire of native financial primitives being developed on the Solana blockchain, which already includes decentralized options, lending protocols, and tokenized asset platforms. At present, the code for Percolator remains under review on GitHub, and developers engaged with the repository indicate that the project is “deep in testing.” This suggests that a launch could be imminent, provided that the liquidation and governance components are finalized. The introduction of Percolator comes at a critical time, as competitors like Hyperliquid (HYPE) are expanding their presence in the derivatives-focused DEX space. Hyperliquid recently implemented permissionless, builder-deployed perpetual contracts through its HIP-3 upgrade, allowing users to stake a minimum of 500,000 HYPE tokens—approximately $18 million—to launch their own perpetual markets with independent margin rules. Hyperliquid accounted for 35% of all blockchain revenue in July, attracting users away from platforms like Solana, Ethereum (ETH), and BNB Chain. Asset manager VanEck recently noted that Hyperliquid has successfully retained high-value users, thanks in part to its “simple, highly functional product.” As of press time, SOL is trading at $187.70, marking a 20% loss over the past fourteen and thirty days. This puts SOL 35% below its all-time high of $293, which was reached earlier this year. Featured image from DALL-E, chart from TradingView.com

Yesterday, US stock indices closed with gains. The S&P 500 rose by 1.07%, while the Nasdaq 100 added 1.37%. The industrial Dow Jones strengthened by 1.12%. Wall Street traders continue to buy stocks amid positive signals from corporate America and hopes for easing tensions between the world's two largest economies. The yield on 10-year Treasury bonds fell by three basis points to 3.98%. Gold prices surged. Optimism in the stock market is fueled not only by quarterly earnings reports exceeding expectations, but also by growing speculation over a possible resolution to trade disagreements. The easing of tensions between the United States and China provides significant support to the market. News about the resumption of negotiations and the sides' willingness to seek compromise instills hope that a full-scale trade war, which could inflict serious damage on the global economy, will be avoided. This has a positive impact on shares of companies engaged in international trade and reliant on supplies from China. Yesterday, US President Donald Trump reiterated his threat to raise tariffs on Chinese goods if no agreement is reached by November 1. At the same time, he emphasized that the plan to meet with Chairman Xi Jinping next week remains in place. The earnings season is in full swing: around 85% of companies in the S&P 500 have reported profits above forecasts. This has contributed to a recovery in stock prices: yesterday, the index posted its best two-day gain since June. Traders, who were deprived of data due to the shutdown for several weeks, can now rely on strong corporate reports. Yesterday, Apple Inc. shares hit their high following the release of its report. Many market participants believe that despite spikes in volatility, the underlying backdrop for equities remains favorable. Recently, any period of weakness leads to aggressive buying, and while institutional investors have become more cautious, retail investors continue to show a buying tendency. "The combination of a better growth and earnings outlook, supportive policy, and investors eagerly buying dips justifies a more positive medium-term outlook," UBS Global Wealth Management said. However, there are those who view the market with caution. Strategists at Deutsche Bank AG noted that overall positioning in equities fell sharply last week and sentiment generally turned bearish. Meanwhile, Morgan Stanley stated that a deal between the US and China and stability in earnings revisions are necessary to reduce the risk of further stock corrections. As for the technical picture of the S&P 500, the main goal for buyers today will be to break through the nearest resistance level of $6,743. This will help the index gain ground and also open the possibility for a move to the new level of $6,756. Equally important for bulls will be maintaining control at $6,769, which will strengthen buyers' positions. In case of a downward move amid reduced risk appetite, buyers must assert themselves in the area of $6,727. A break below this level will quickly push the trading instrument back to $6,711 and open the road toward $6,697. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Strategy for the Japanese Yen The test of the 150.56 level occurred while the MACD indicator had already moved significantly below the zero line, which limited the pair's downside potential. Shortly after, another test of 150.56 coincided with the MACD entering oversold territory, which enabled the execution of Buy Scenario 2, resulting in a 25-pip upward move in the pair. The U.S. dollar continues to recover its losses against the Japanese yen, following last week's decline that was triggered by the Federal Reserve's extraordinarily dovish tone and escalating U.S.-China trade tensions. Investors are now reassessing the outlook for U.S. interest rates, recognizing that even with ongoing dovish rhetoric, persistently high inflation may force the Fed to act more cautiously in the coming months. Furthermore, the absence of new economic data from the United States supports safe-haven demand for the dollar—particularly relevant given the persistent geopolitical tensions and renewed concerns about a global economic slowdown tied to U.S.-China relations. Meanwhile, the Japanese yen remains under pressure due to the ultra-loose fiscal and monetary policies being backed by the new Japanese prime minister. The government's focus on stimulating domestic growth makes it more likely that the Bank of Japan will need to coordinate by maintaining accommodative monetary policies. Buy ScenariosScenario 1: Buy USD/JPY upon reaching the entry point at 151.70 (green line), with an upside target at 152.27 (thick green line). At 152.27, exit long trades and consider opening short positions on a potential pullback. This trade setup expects a 30 to 35-pip reversal from the resistance zone. Best entries occur on corrective pullbacks or strong dips in USD/JPY. Important: Before entering a buy trade, confirm that the MACD indicator is above the zero line and just beginning to rise. Scenario 2: Also consider long entries after two consecutive tests of the 151.28 level if the MACD is in oversold territory. This would suggest limited downside momentum and potential for a reversal toward 151.70 and 152.27. Sell ScenariosScenario 1: Sell USD/JPY if price breaks and consolidates below 151.28 (red line), targeting a move to 150.74 (thick red line). Exit short positions at 150.74 and consider opening long trades on a technical rebound, targeting a 20 to 25-pip recovery. Ideal sell levels are as high as reasonably possible. Important: Before selling, ensure the MACD is below the zero line and just starting to move lower. Scenario 2: Also consider selling after two consecutive tests of the 151.70 level if the MACD is in overbought territory. This limits bullish continuation and may lead to a reversal toward 151.28 and 150.74. Chart Key ExplanationsThin green line – approximate entry point for long positionsThick green line – suggested Take Profit level or area to secure gains, as growth above this point is unlikelyThin red line – approximate entry point for short positionsThick red line – suggested Take Profit level or area to secure gains, as further decline is unlikelyMACD Indicator – use overbought/oversold conditions to guide entry decisionsImportant Note for Beginner TradersIf you are just starting out in Forex, exercise extreme caution when entering the market. It is safest to stay out during the release of major fundamental news to avoid being caught in sharp price swings. If you decide to trade during news events, always set Stop Loss orders to limit potential losses. Not placing Stop Loss orders can lead to rapid account depletion, especially if you don't apply proper money management techniques or trade with overly large positions. Remember, successful trading requires a clear and structured plan like the one outlined above. Spontaneous decisions based on short-term market noise are a losing strategy for intraday traders. Stick to your plan, manage your risk, and only enter the market when conditions match your criteria. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Strategy for the British Pound The test of the 1.3421 level occurred while the MACD indicator was just beginning to rise from the zero line, confirming a valid entry point for buying the pound. However, the anticipated strong upward movement failed to materialize. The easing of U.S.–China trade tensions has helped the U.S. dollar strengthen, placing renewed pressure on the British pound. Investors who were previously concerned about further escalation in the trade conflict are now feeling some relief, which has led to capital flows in favor of more stable assets like the U.S. dollar. Improving global trade sentiment has also contributed to the greenback's strength. At the same time, the British pound is under dual pressure. First, a strong dollar naturally weakens the pound-dollar pair. Second, the lack of significant domestic economic data from the UK provides no support for the pound. Today, traders will watch the release of the UK's public sector net borrowing data. Only a sharp deviation from forecasts is likely to generate meaningful volatility. Strong results may provide brief support for the pound by triggering the closing of speculative shorts. Conversely, weaker-than-expected figures could reinforce bearish sentiment, especially against ongoing U.S. dollar strength. For today's intraday strategy, I will focus on the execution of Scenario 1 and Scenario 2. Buy ScenariosScenario 1: I plan to buy the pound at the entry level of 1.3392 (thin green line), targeting a rise toward 1.3424 (thick green line). Around 1.3424, I intend to exit long positions and open short positions on a reversal. This setup assumes a pull of 30–35 pips in the opposite direction from the target level. Buying is only advisable with strong supportive economic data. Important: Before placing a buy order, confirm that the MACD indicator is above the zero mark and just beginning to rise. Scenario 2: I will also consider buying after two consecutive tests of the 1.3367 level if MACD is in oversold territory. This would suggest limited downside potential and open the door to a reversal toward the 1.3392 and 1.3424 levels. Sell ScenariosScenario 1: I will sell the pair after it breaks below 1.3367 (red line), anticipating a quick move down toward the 1.3340 level. I plan to exit short trades at 1.3340, and consider buying on the rebound, looking for a 20–25 pip pullback. Sellers are likely to act cautiously under current conditions. Important: Before selling, ensure MACD is below zero and just beginning a downward move. Scenario 2: I will also sell the pound after two consecutive tests of the 1.3392 level, provided MACD is in overbought territory. This would limit the pair's upside potential and support a reversal down toward 1.3367 and 1.3340. Chart Key ExplanationsThin green line – approximate entry point for long positionsThick green line – suggested Take Profit level or area to secure gains, as growth above this point is unlikelyThin red line – approximate entry point for short positionsThick red line – suggested Take Profit level or area to secure gains, as further decline is unlikelyMACD Indicator – use overbought/oversold conditions to guide entry decisionsImportant Note for Beginner TradersIf you are just starting out in Forex, exercise extreme caution when entering the market. It is safest to stay out during the release of major fundamental news to avoid being caught in sharp price swings. If you decide to trade during news events, always set Stop Loss orders to limit potential losses. Not placing Stop Loss orders can lead to rapid account depletion, especially if you don't apply proper money management techniques or trade with overly large positions. Remember, successful trading requires a clear and structured plan like the one outlined above. Spontaneous decisions based on short-term market noise are a losing strategy for intraday traders. Stick to your plan, manage your risk, and only enter the market when conditions match your criteria. The material has been provided by InstaForex Company - www.instaforex.com

Trade Review and Strategy for the EuroOn Monday, the test of the 1.1664 price level occurred when the MACD indicator had already moved well above the zero line, limiting the pair's upward potential. For this reason, I chose not to buy the euro. The euro came under pressure earlier in the day following weak German Producer Price Index data and failed to recover during the U.S. session. Market participants responded to the negative data, leading to U.S. dollar strength and euro weakness. The absence of significant economic reports from the U.S. meant the euro had no support, and attention has now shifted to the upcoming central bank meetings, which are expected to clarify the future direction of monetary policy. This morning, no eurozone economic data is scheduled, so all attention is focused on European Central Bank President Christine Lagarde's speech. Her cautious remarks on interest rates, especially against a backdrop of falling inflation, may offer limited support to the euro. However, significant strengthening is unlikely. Markets will analyze her every word, searching for any signals regarding the European Central Bank's future policy stance. It is expected that her caution will reflect the need to find a balance between controlling inflation and stimulating economic growth. For today's intraday strategy, I will focus on the execution of Scenario 1 and Scenario 2. Buy ScenariosScenario 1: Buy EUR/USD at 1.1638 (thin green line) with a target at 1.1674 (thick green line). At 1.1674, I plan to exit long positions and open short positions on a reversal, targeting a movement of 30–35 pips from the entry level. Consider this setup only after clear hawkish signals from Lagarde. Important: Before placing a buy order, confirm that the MACD indicator is above the zero line and just starting to rise. Scenario 2: Buy EUR/USD after two consecutive tests of the 1.1619 level, provided MACD is in oversold territory. This would suggest limited downside potential and an opportunity for a reversal back toward 1.1638 and 1.1674. Sell ScenariosScenario 1: Sell EUR/USD at 1.1619 (thin red line) with a target at 1.1584 (thick red line). Exit short positions here and consider reversing to long positions for a 20–25 pip move back up. Selling is justified if euro weakness persists due to weak fundamentals. Important: Before selling, ensure MACD is below the zero line and just beginning to decline. Scenario 2: Sell EUR/USD after two consecutive tests of the 1.1638 level, provided MACD is in overbought territory. This signal limits upside potential and could lead to a reversal toward 1.1619 and 1.1584. Chart Key ExplanationsThin green line – approximate entry point for long positionsThick green line – suggested Take Profit level or area to secure gains, as growth above this point is unlikelyThin red line – approximate entry point for short positionsThick red line – suggested Take Profit level or area to secure gains, as further decline is unlikelyMACD Indicator – use overbought/oversold conditions to guide entry decisionsImportant Note for Beginner TradersIf you are just starting out in Forex, exercise extreme caution when entering the market. It is safest to stay out during the release of major fundamental news to avoid being caught in sharp price swings. If you decide to trade during news events, always set Stop Loss orders to limit potential losses. Not placing Stop Loss orders can lead to rapid account depletion, especially if you don't apply proper money management techniques or trade with overly large positions. Remember, successful trading requires a clear and structured plan like the one outlined above. Spontaneous decisions based on short-term market noise are a losing strategy for intraday traders. Stick to your plan, manage your risk, and only enter the market when conditions match your criteria. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin and Ethereum resumed their decline. After breaking the $109,500 support level during the Asian session, Bitcoin faced heavy selling pressure. Ethereum also dropped back below the $4,000 mark, raising concerns about a potential extended sell-off. Adding to bearish sentiment, a report from Glassnode revealed that long-term holders (LTHs) are still actively selling BTC. This exerts additional downward pressure on the price, signaling waning long-term confidence from experienced investors—traditionally viewed as more resilient to market volatility. The increased supply could trigger a chain reaction of further sell-offs, accelerating the bearish trend. The only factor that could stop the drop is renewed institutional buying through spot ETFs, but these buyers remain on the sidelines for now. The influence of long-term holders on the crypto market is difficult to overstate. Their activity often reflects broader community sentiment, and their exit from the asset may indicate a prolonged period of stagnation—or even deeper decline. Still, it's important to note that their selling may not be solely due to fear or uncertainty. Reasons may include profit-taking after the recent bull run, portfolio diversification, or the need to meet financial obligations. From an intraday trading perspective, the approach remains the same: look for significant pullbacks in BTC and ETH as opportunities to enter in anticipation of a continued medium-term bull market, which remains intact for now. As for short-term trading, the strategy and conditions are described below. Bitcoin (BTC) Buy Scenarios:Scenario 1: Buy BTC at the entry point around $108,100 with a target of $109,500. Exit long positions near $109,500 and consider selling on a retracement. Prerequisite: The 50-day moving average must be below the current price, and the Awesome Oscillator should be in positive territory.Scenario 2: Buy BTC from the lower boundary at $107,300 if the market shows no reaction to a breakdown, with targets at $108,100 and $109,500.Sell Scenarios:Scenario 1: Sell BTC at the entry point of $107,300 with a target of $105,900. Exit short positions near $105,900 and consider buying on a bounce. Prerequisite: The 50-day moving average must be above the current price, and the Awesome Oscillator should be in negative territory.Scenario 2: Sell BTC from the upper boundary at $108,100 if there's no breakout reaction, targeting $107,300 and $105,900. Ethereum (ETH)Buy Scenarios:Scenario 1: Buy ETH at the entry point around $3,883 with a target of $3,971. Exit long positions near $3,971 and consider shorting on a pullback. Prerequisite: The 50-day moving average must be below the current price, and the Awesome Oscillator should be in positive territory.Scenario 2: Buy ETH from the lower boundary at $3,826 if there is no reaction to a breakdown, with targets at $3,883 and $3,971.Sell Scenarios:Scenario 1: Sell ETH at the entry point around $3,826 with a target of $3,742. Exit short trades near $3,742 and consider buying on the rebound. Prerequisite: The 50-day moving average must be above the current price, and the Awesome Oscillator should be in negative territory.Scenario 2: Sell ETH from the upper boundary at $3,883 if there is no reaction to a breakout, with targets at $3,826 and $3,742.The material has been provided by InstaForex Company - www.instaforex.com

The U.S. dollar continues to recover the losses sustained last week after dovish commentary from Federal Reserve officials and a worsening of U.S.-China trade tensions. On the other hand, the euro faced pressure on Monday following the release of weak German Producer Price Index (PPI) data. Although a decline in producer inflation could theoretically support economic growth, the market instead interpreted it as a sign of slowing business activity in Europe's largest economy. This prompted a risk-off reaction, leading to U.S. dollar strengthening and euro depreciation. The absence of significant economic data from the United States further weakened the euro's position and left the currency vulnerable to continued declines. Today, there are no eurozone data scheduled in the first half of the day, so all attention will turn to European Central Bank President Christine Lagarde's speech. Markets will closely analyze her remarks for any hints regarding future monetary policy decisions. Although traders already have a solid understanding of the ECB's policy intentions, Lagarde is likely to strike a cautious tone, attempting to balance inflationary risks with the need to support growth. Given the uncertain geopolitical environment and ongoing global risks, the ECB is expected to remain extremely cautious. Any signals of dovish bias may trigger a sharp market reaction, which would be negative for the euro. As for the United Kingdom, today's only release is the public sector net borrowing data. The market seems to have priced in expectations for moderately positive figures, which means any upside in the British pound may be limited if the data comes in line with forecasts. Investors may treat this report as confirmation of current conditions rather than a catalyst for strategy changes. However, a significant deviation from expectations could lead to a short-term rise in volatility. If the data is in line with economists' forecasts, the preferred approach is to trade based on the Mean Reversion strategy. If the data significantly exceeds or falls short of expectations, the Momentum strategy should be used. Momentum Strategy (Breakout-Based)EURUSDBuy on breakout above 1.1644, target zones at 1.1674 and 1.1700Sell on breakout below 1.1625, target zones at 1.1590 and 1.1545GBPUSDBuy on breakout above 1.3390, target zones at 1.3420 and 1.3450Sell on breakout below 1.3371, target zones at 1.3336 and 1.3295USDJPYBuy on breakout above 151.50, target zones at 151.75 and 152.10Sell on breakout below 151.20, target zones at 150.85 and 150.52Mean Reversion Strategy (Rebound-Based) EURUSDLook for short positions after a failed breakout above 1.1662 with a return below this levelLook for long positions after a failed breakout below 1.1619 with a return to this level GBPUSDLook for short positions after a failed breakout above 1.3421 with a return below this levelLook for long positions after a failed breakout below 1.3372 with a return to this level AUDUSDLook for short positions after a failed breakout above 0.6525 with a return below this levelLook for long positions after a failed breakout below 0.6492 with a return to this level USDCADLook for short positions after a failed breakout above 1.4066 with a return below this levelLook for long positions after a failed breakout below 1.4025 with a return to this levelThe material has been provided by InstaForex Company - www.instaforex.com

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

[Crude Oil] – [Tuesday, October 21, 2025] Although both EMAs are still forming a Death Cross, which indicates that the bias is still weakening, the appearance of Hidden Divergence on the RSI indicates the potential for strengthening momentum to emerge in the near future. Key Levels: 1. Resistance. 2 : 58.63 2. Resistance. 1 : 58.02 3. Pivot : 57.18 4. Support. 1 : 56.57 5. Support. 2 : 55.73 Tactical Scenario: Pressure Zone: If #CL breaks down and closes below 57.18, it may continue its decline toward 56.57. Momentum Extension Bias: If 56.57 is breached and closes below, #CL could attempt to test the next support level at 55.73. Invalidation Level / Bias Revision: The downside bias is invalidated if Crude Oil strengthens and breaks and closes above 58.63. Technical Summary: EMA(50) : 57.30 EMA(200): 57.91 RSI(14) : 52.42 + Hidden Bullish Divergent Economic News Release Agenda: There are no economic data releases expected today during the U.S. trading session. The material has been provided by InstaForex Company - www.instaforex.com

[Natural Gas] – [Tuesday, October 21, 2025] Although there is the potential for a weakening correction with the appearance of Bearish Divergence in the RSI, the condition of the EMA(50) & EMA(200) which are Golden Crosses provides an opportunity to continue strengthening. Key Levels: 1. Resistance. 2 : 3.620 2. Resistance. 1 : 3.520 3. Pivot : 3.329 4. Support. 1 : 3.229 5. Support. 2 : 3.038 Tactical Scenario: Positive Reaction Zone: If #NG strengthens and breaks through and closes above 3.520, it may attempt to test 3.620. Momentum Extension Bias: If 3.620 is broken and closes above, Natural Gas could continue to 3.811. Invalidation Level / Bias Revision: The upside bias weakens if Natural Gas declines and breaks and closes below 3.038. Technical Summary: EMA(50) : 3.299 EMA(200): 3.143 RSI(14) : 59.60 + Bearish Divergent Economic News Release Agenda: There are no economic data releases expected today during the U.S. trading session. The material has been provided by InstaForex Company - www.instaforex.com

Solana started a fresh decline from the $208 zone. SOL price is now consolidating losses below $200 and might decline further below $182. SOL price started a fresh decline below $212 and $200 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There was a break below a key rising channel with support at $188 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another increase if the bulls defend $182 or $175. Solana Price Dips Again Solana price extended gains above $200 and $202, like Bitcoin and Ethereum. SOL even surpassed $210 before the bears appeared. A high was formed near $208 and the price dropped. There was a move below $200 and $182. A low was formed at $174, and the price recently attempted a minor recovery wave. It climbed above the 50% Fib retracement level of the downward move from the $208 swing high to the $174 low. However, the bears remained active below $195. They protected the 61.8% Fib retracement level of the downward move from the $208 swing high to the $174 low. SOL is again moving below $190. Besides, there was a break below a key rising channel with support at $188 on the hourly chart of the SOL/USD pair. Solana is now trading below $188 and the 100-hourly simple moving average. If there is a recovery wave, the price could face resistance near the $188 level. The next major resistance is near the $195 level. The main resistance could be $200. A successful close above the $200 resistance zone could set the pace for another steady increase. The next key resistance is $208. Any more gains might send the price toward the $215 level. Downside Continuation In SOL? If SOL fails to rise above the $195 resistance, it could continue to move down. Initial support on the downside is near the $182 zone. The first major support is near the $175 level. A break below the $175 level might send the price toward the $165 support zone. If there is a close below the $165 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $182 and $175. Major Resistance Levels – $195 and $200.

Boa noite, traders. Enquanto o preço do ouro (XAU/USD) e da prata (XAG/USD) continua sua ascensão meteórica, uma questão fundamental persiste nos bastidores do mercado de metais preciosos: a disponibilidade real de metal físico nos cofres das grandes instituições. Os dados da LBMA (London Bullion Market Association), embora mostrem certas quantidades em seus registros, começam a levantar sérias dúvidas sobre a liquidez "free-float" (disponível para entrega imediata) de ouro e, especialmente, prata. Por Igor Pereira, Analista de Mercado Financeiro, Membro Junior WallStreet NYSE Vamos desmistificar os números e entender a verdadeira pressão de oferta que impulsiona os preços. 1. A Contagem Regressiva para o Ouro Físico da LBMA O gráfico da LBMA de estoques de ouro revela uma leve alta e depois estabilização em setembro de 2025 (próximo a 280.000 onças troy), mas a interpretação vai muito além dos números superficiais: Entregas de abril (T+150): A lógica sugere que a LBMA provavelmente acabou de entregar as obrigações de ouro devidas aos compradores de abril (considerando um prazo T+150 dias). O Que Resta? A pergunta crucial então é: e os compradores de ouro da LBMA de maio, junho, julho, agosto e setembro? Se a demanda continuou forte e as entregas de abril já foram um desafio, o que resta para as entregas futuras? Ameaça de Estoque Baixo: Esta dinâmica sugere que a LBMA pode estar prestes a operar com estoques físicos REAL de ouro "free-float" super baixos. Minha Análise (Igor Pereira): O mercado de ouro de Londres é a espinha dorsal do sistema de precificação global. Se mesmo uma instituição do porte da LBMA estiver lutando com a disponibilidade de metal físico "free-float", isso é um sinal de alerta de proporções históricas. Os números reportados podem incluir ouro que já está prometido ou alocado para outros fins, não estando realmente disponível para novas compras imediatas. 2. A Mentira Revelada: Prata da LBMA Perto de Zero A situação da prata é ainda mais alarmante: LBMA Reporta: Segundo a LBMA, seus cofres "ainda têm" quase 800.000 onças troy de prata física. A Realidade: Contudo, como temos discutido e com as notícias recentes vindo da China (Yongxing sem estoque), agora é de conhecimento geral que a flutuação física REAL da prata da LBMA está próxima de zero. Os números reportados não refletem o metal efetivamente disponível para o mercado. Squeeze Confirmado: Esta discrepância massiva entre os relatórios e a realidade de mercado é a prova definitiva do "squeeze" físico na prata. 3. Por Que o Preço do Ouro (e Prata) Está Disparando? A verdadeira razão para a rápida valorização do ouro e da prata não é apenas a desvalorização fiduciária, como abordamos em análises anteriores. É também, e fundamentalmente, uma crise de oferta física subjacente. Inacessibilidade Crescente: Com a demanda global (varejo, institucionais, bancos centrais) explodindo e a oferta "free-float" minguando nas grandes bóias do mercado, o metal físico está se tornando progressivamente mais escasso e mais caro de se obter. Desconfiança no Papel: A crescente percepção de que há muito mais "papel-ouro" e "papel-prata" do que metal físico disponível para entrega alimenta a corrida pelo ativo tangível, elevando os prêmios e o preço. Conclusão de Igor Pereira: A Convergência da Crise Os dados da LBMA, quando lidos criticamente e contextualizados com o que observamos nos mercados de varejo da China, pintam um quadro sombrio para a disponibilidade de ouro e prata físicos. A aparente "abundância" nos relatórios é um engodo. Este é um momento crítico. O ouro e a prata estão subindo rapidamente não apenas pela erosão do poder de compra das moedas fiduciárias, mas também porque o mercado está começando a perceber que o metal físico está desaparecendo do sistema. Para os traders e investidores do ExpertFX Club, esta é a confirmação mais forte de que estamos no epicentro de um aperto de metais preciosos. Posicionem-se adequadamente. A era do ouro e da prata acessíveis está terminando.

Boa noite, traders. O cenário macroeconômico global continua a ser moldado pelas projeções e movimentos dos grandes bancos de investimento. Duas notícias quentes de Wall Street acabam de ser divulgadas, com implicações significativas para os mercados de energia e o próprio setor financeiro. Por Igor Pereira, Analista de Mercado Financeiro, Membro Junior WallStreet NYSE Vamos aos destaques: 1. Goldman Sachs e a Projeção de Queda para o Petróleo Brent A Projeção: O Goldman Sachs, uma das mais influentes instituições financeiras do mundo, acaba de publicar uma projeção notável: os preços do petróleo Brent podem cair para US$ 52 por barril no quarto trimestre do próximo ano. Implicações: Economia Global: Uma queda tão acentuada nos preços do petróleo seria um "alívio" para a inflação global e para os custos de energia, o que poderia impactar positivamente consumidores e indústrias que dependem fortemente de energia. Produtores de Petróleo: Para países e empresas produtoras de petróleo, essa projeção sinaliza um cenário de receita muito mais apertado, podendo levar a cortes na produção e investimentos. Mercado de Commodities: Se o Goldman estiver correto, isso pode indicar uma desaceleração da demanda global, ou um aumento inesperado na oferta, que é um ponto crítico a monitorar para outros mercados de commodities. Minha Análise (Igor Pereira): O Goldman Sachs é um player que move o mercado com suas projeções. Uma meta de $52/barril para o Brent até o final do próximo ano é consideravelmente pessimista e sugere que a equipe de commodities do Goldman vê uma desaceleração econômica mais pronunciada ou uma resolução das tensões geopolíticas que afetam a oferta, permitindo um excesso de oferta. Este é um dado crucial para quem acompanha o macro. 2. J.P. Morgan Rebaixa Goldman Sachs, Aumenta Price Target A Ação: O J.P. Morgan, outro gigante do setor, rebaixou a recomendação de Goldman Sachs para "neutra", ao mesmo tempo em que elevou seu preço-alvo para US$ 750. A Contradição Aparente: À primeira vista, rebaixar a recomendação e aumentar o preço-alvo pode parecer contraditório. No entanto, isso geralmente indica que: A ação (Goldman Sachs) já teve uma valorização significativa, atingindo ou se aproximando do que o J.P. Morgan considera seu "valor justo" (fair value). Apesar de ainda ver potencial de alta (preço-alvo mais alto), o JP Morgan não vê mais um catalisador imediato para um crescimento explosivo que justificaria uma recomendação de "compra" mais agressiva. A ação pode ser "bem precificada" para os riscos e oportunidades atuais. Minha Análise (Igor Pereira): Este é um movimento típico de analistas de "sell-side" quando uma ação teve uma boa performance. Eles reconhecem o valor (aumentando o preço-alvo), mas ajustam a recomendação para refletir um potencial de valorização mais moderado a partir dos níveis atuais, ou uma relação risco/recompensa menos atraente no curto prazo. É um sinal de que o J.P. Morgan vê o Goldman Sachs como uma empresa sólida, mas talvez sem o "vento nas costas" para outperformar significativamente o mercado em breve. Conclusão de Igor Pereira: Um Cenário de Contraste e Cautela As projeções do Goldman para o petróleo contrastam com a euforia vista em outros setores, enquanto o J.P. Morgan nos lembra que mesmo as gigantes de Wall Street têm seus limites de valorização no curto prazo. Para o trader, esses movimentos sublinham a importância de: Observar as commodities: As projeções para o petróleo podem ser um prenúncio de tendências econômicas mais amplas. Analisar o fluxo institucional: As recomendações e os preços-alvo dos grandes bancos ainda são drivers importantes para o setor financeiro e para o sentimento geral do mercado. O cenário continua complexo, exigindo uma análise constante e profunda dos múltiplos fatores que influenciam as grandes tendências.

XRP price started a recovery wave above $2.40. The price is now facing resistance near $2.5350 and at risk of a fresh decline. XRP price is moving lower from the $2.5350 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $2.5350 resistance. XRP Price Faces Resistance XRP price formed a base above $2.20 and started a recovery wave, like Bitcoin and Ethereum. The price surpassed the $2.350 and $2.40 resistance levels. The bulls were able to push the price above $2.50, and the 50% Fib retracement level of the downward move from the $2.647 swing high to the $2.190 low. However, the bears remained active near the $2.5350 level and prevented more gains. The price failed to clear the 76.4% Fib retracement level of the downward move from the $2.647 swing high to the $2.190 low. It is again moving below $2.50. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support at $2.420 on the hourly chart of the XRP/USD pair. If there is a fresh upward move, the price might face resistance near the $2.480 level. The first major resistance is near the $2.50 level, above which the price could rise and test $2.5350. A clear move above the $2.5350 resistance might send the price toward the $2.580 resistance. Any more gains might send the price toward the $2.650 resistance. The next major hurdle for the bulls might be near $2.720. Another Drop? If XRP fails to clear the $2.50 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.420 level. The next major support is near the $2.40 level. If there is a downside break and a close below the $2.40 level, the price might continue to decline toward $2.350. The next major support sits near the $2.320 zone, below which the price could continue lower toward $2.250. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.420 and $2.40. Major Resistance Levels – $2.50 and $2.5350.

The Bitcoin price showed some signs of recovery at the start of the week, trading above the $110,000 mark. This uptick follows two consecutive Fridays of major drops, igniting fears and uncertainty among investors. These concerns have been compounded by predictions from experts about a potential bear market on the horizon. Looming Bear Market Threat Market analyst Doctor Profit, known for his accurate forecasts regarding the recent Bitcoin price trajectory, has recently cast doubt on whether market makers will allow both retail and institutional investors to exit at more favorable prices after incurring losses. In a social media post on X (previously Twitter), he suggested that the maximum bullish scenario for the Bitcoin price in the near-term could reach around $116,500, representing a 9% increase from its current levels. However, he emphasizes that a drop below $101,700 would breach what he terms the “magic bull market line,” effectively confirming a bear market. Profit advises caution, predicting a significant move that could push the Bitcoin price below this critical threshold, signaling the end of the bull run. Adding to the bearish sentiment, the Bitcoin price is currently hovering below the short-term holder realized price of $112,500. This figure represents the average entry point for short-term traders and buyers, many of whom are now facing losses. On-chain data compiled by the expert also indicates that these traders are likely to sell off their positions if the Bitcoin price dips between 5% and 10%, potentially intensifying short-term selling pressure. Challenging Times Ahead For Bitcoin Price Profit further elaborates on the market conditions, pointing out that current price movements are indicative of market makers liquidating both bullish and bearish positions. “Nothing goes down in a straight line,” he notes, suggesting that while the market could be in a bear market, it is essential to remain aware of short-term fluctuations. He argues that high-leverage traders must be wiped out on both sides before the market experiences its next significant downward movement. The expert also warns that every brief rally is designed to mislead bullish traders and liquidate late bearish positions. The market makers’ strategy appears to involve pushing Bitcoin toward the $116,500 region to eliminate late bears and generate sufficient liquidity for another downward price adjustment, potentially leading to new local lows. Looking ahead, Doctor Profit predicts that such price movements will continue to recur in the coming weeks and months, creating a challenging environment for investors in the volatile digital asset market. Featured image from DALL-E, chart from TradingView.com

Macroeconomic Report Overview: No macroeconomic reports are scheduled for Monday. As such, traders are once again left to monitor comments from Donald Trump. However, the market has recently been largely indifferent to the U.S. President's remarks. Even speeches by central bank officials are currently having little impact, as markets already have a clear understanding of what to expect from monetary policymakers in the near future. The only moderate area of uncertainty lies in the Federal Reserve's monetary policy outlook, but even that remains relatively limited. Fundamental Event Overview: Very few fundamental events are scheduled for Tuesday, and nearly all of them lack the potential to influence the market meaningfully. Over the past several weeks, the financial community has heard extensive commentary from the European Central Bank (ECB), Bank of England (BoE), and U.S. Federal Reserve (Fed)—leaving little ambiguity around the stance of all three institutions. Today's speech by ECB President Christine Lagarde is unlikely to affect market sentiment. Remember that inflation in the eurozone rose more than expected in September, which implies that further monetary easing is off the table. However, the ECB was not inclined toward further rate cuts even before the latest inflation report. Therefore, the data didn't change anything in terms of policy expectations. Key Takeaways: On this second trading day of the week, both major currency pairs (EUR/USD and GBP/USD) may remain trapped in low-volatility, sideways ranges. For the euro (EUR/USD), the 1.1655–1.1666 zone remains a well-defined trading area, offering the potential for both long and short positions depending on price behavior.For the British pound (GBP/USD), the 1.3413–1.3421 zone has already been broken through to the downside, opening the path toward the next target at 1.3329–1.3331.However, it's important to keep in mind that overall market volatility is low, and the macroeconomic calendar is virtually empty. Therefore, significant price movements today are unlikely. Patience and disciplined risk management will be key for traders navigating this quiet period. Key Rules of the Trading System:Signal strength is determined by how quickly it forms (bounce or breakout). The faster it forms, the stronger the signal.If two or more false signals occurred near a level, all subsequent signals from that level should be ignored.In flat markets, pairs may produce many false signals or none at all. At the first sign of flat trading, it's best to step back.Trades should be opened between the start of the European session and the middle of the U.S. session. All trades must be manually closed afterward.On the 1H timeframe, MACD signals should only be traded if supported by good volatility and a visible trend confirmed by trendlines or channels.If two levels are too close together (5–20 pips), treat them as a support/resistance zone.After gaining 15-20 pips in the correct direction, set your Stop Loss to breakeven.What's on the Charts:Support and resistance levels – key targets for entry and exit; ideal for placing Take Profit orders.Red lines – trendlines or channels highlighting the current market trend and preferred trading direction.MACD (14,22,3) – histogram and signal line – used as an additional confirmation tool for entry and exit signals.Important Note for Beginners:Major news events (always shown on economic calendars) can significantly impact currency movements. During critical news releases, trade with extreme caution—or exit the market entirely—to avoid abrupt reversals. Remember: not every trade will be profitable. Developing a well-defined trading strategy and disciplined risk/money management are essential to achieving long-term success in forex trading. The material has been provided by InstaForex Company - www.instaforex.com

Monday Trade Review:1-Hour Chart of GBP/USD On Monday, GBP/USD also traded with minimal volatility and slowly declined throughout the session. In fact, this kind of movement is not surprising—and we'd even say it was expected. There were no macroeconomic or fundamental events at all on Monday. The pair had been rising for about three days as part of a new uptrend, so a minor downward correction was completely logical. On the daily timeframe, a flat range remains firmly in place, so strong volatility and clear trend-based movements are not to be expected right now. It's also worth noting that the market has been ignoring many news events—especially those that are negative for the U.S. dollar—for about three weeks now. From our perspective, current market movements do not reflect the nature of recent news nor the broader fundamental picture in the U.S or globally. 5-Minute Chart of GBP/USD On the 5-minute chart, several trading signals were generated throughout Monday. However, none were marked on the chart as volatility barely reached 40 pips. In reality, there were hardly any meaningful movements. As we've stated before, in such low-volatility conditions, trading signals generally fail to yield profit. How to Trade on Tuesday: On the hourly timeframe, GBP/USD has finally started forming a new uptrend, which may become the next leg of the broader bullish trend. As previously mentioned, there are no strong reasons to expect sustained U.S. dollar strength, so in the medium term, we look for continuation to the upside. However, at the moment, volatility in the market has sunk to nearly zero, and the price is still showing reluctance to rise. On Tuesday, the pair may attempt to extend its upward momentum, as the trend has shifted to bullish. However, to open long positions, confirmation is required via a breakout and consolidation above the 1.3413–1.3421 zone. If that occurs, the target for long trades will be the 1.3466–1.3475 area. If the price fails to break above 1.3413–1.3421 and consolidates below it instead, traders may consider short positions. Still, overall volatility is expected to remain very low once again. On the 5-minute timeframe, the following levels should be monitored for Tuesday: 1.3102–1.3107, 1.3203–1.3211, 1.3259, 1.3329–1.3331, 1.3413–1.3421, 1.3466–1.3475, 1.3529–1.3543, 1.3574–1.3590, 1.3643–1.3652, 1.3682, 1.3763. Tuesday's economic calendar is empty for both the UK and the U.S., meaning there is unlikely to be any impactful news to trade on during the day. Key Rules of the Trading System:Signal strength is determined by how quickly it forms (bounce or breakout). The faster it forms, the stronger the signal.If two or more false signals occurred near a level, all subsequent signals from that level should be ignored.In flat markets, pairs may produce many false signals or none at all. At the first sign of flat trading, it's best to step back.Trades should be opened between the start of the European session and the middle of the U.S. session. All trades must be manually closed afterward.On the 1H timeframe, MACD signals should only be traded if supported by good volatility and a visible trend confirmed by trendlines or channels.If two levels are too close together (5–20 pips), treat them as a support/resistance zone.After gaining 20 pips in the correct direction, set your Stop Loss to breakeven.What's on the Charts:Support and resistance levels – key targets for entry and exit; ideal for placing Take Profit orders.Red lines – trendlines or channels highlighting the current market trend and preferred trading direction.MACD (14,22,3) – histogram and signal line – used as an additional confirmation tool for entry and exit signals.Important Note for Beginners:Major news events (always shown on economic calendars) can significantly impact currency movements. During critical news releases, trade with extreme caution—or exit the market entirely—to avoid abrupt reversals. Remember: not every trade will be profitable. Developing a well-defined trading strategy and disciplined risk/money management are essential to achieving long-term success in forex trading. The material has been provided by InstaForex Company - www.instaforex.com

Monday Trade Review: 1-Hour Chart of EUR/USD On Monday, the EUR/USD currency pair posted 37 pips of volatility. In short, there is little to analyze from the previous session. There were no significant or even mildly interesting macroeconomic or fundamental events throughout the day. As such, price movement was also limited. The uptrend on the 1-hour timeframe remains intact after breaking through another descending trendline, but once again, we observe a lack of enthusiasm from traders to buy the euro or take any decisive action. This suggests that while the upward movement may continue, it is likely to be extremely sluggish. On the daily timeframe, price remains locked in a flat (sideways) structure, which appears to be the root cause of ongoing market stagnation. Volatility has been declining for several weeks, and even important events now offer limited market impact. 5-Minute Chart of EUR/USD On the 5-minute chart, only one clear trading signal was generated on Monday. During the U.S. session, the price barely managed to consolidate below the 1.1655–1.1666 area, allowing novice traders to open short positions. Eight hours after the signal formed, the price had moved lower by just 10 pips. Further downside may occur today, but strong momentum is unlikely. How to Trade on TuesdayOn the 1-hour chart, EUR/USD continues to show signs of an upward trend. A descending trendline has been breached, and the fundamental and macroeconomic background remains heavily unfavorable for the U.S. dollar. Therefore, we continue to expect the resumption of the broader 2025 uptrend. However, traders must remain cautious due to the persistent flat on the daily timeframe. This flat is causing low volatility and erratic behavior on shorter timeframes. EUR/USD may move in either direction on Tuesday due to the continued lack of macro and fundamental catalysts. A short signal has already formed in the 1.1655–1.1666 area, so a moderate decline remains possible. Nonetheless, market movements are likely to remain muted—similar to Monday. On the 5-minute timeframe, the following levels should be monitored for Tuesday: 1.1354–1.1363, 1.1413, 1.1455–1.1474, 1.1527, 1.1571–1.1584, 1.1655–1.1666, 1.1745–1.1754, 1.1808, 1.1851, 1.1908, 1.1970–1.1988. In the eurozone, a speech by European Central Bank President Christine Lagarde is scheduled today, but market interest in her comments is minimal. The U.S. economic calendar is empty. Key Rules of the Trading System:Signal strength is determined by how quickly it forms (bounce or breakout). The faster it forms, the stronger the signal.If two or more false signals occurred near a level, all subsequent signals from that level should be ignored.In flat markets, pairs may produce many false signals or none at all. At the first sign of flat trading, it's best to step back.Trades should be opened between the start of the European session and the middle of the U.S. session. All trades must be manually closed afterward.On the 1H timeframe, MACD signals should only be traded if supported by good volatility and a visible trend confirmed by trendlines or channels.If two levels are too close together (5–20 pips), treat them as a support/resistance zone.After gaining 15 pips in the correct direction, set your Stop Loss to breakeven.What's on the Charts:Support and resistance levels – key targets for entry and exit; ideal for placing Take Profit orders.Red lines – trendlines or channels highlighting the current market trend and preferred trading direction.MACD (14,22,3) – histogram and signal line – used as an additional confirmation tool for entry and exit signals.Important Note for Beginners:Major news events (always shown on economic calendars) can significantly impact currency movements. During critical news releases, trade with extreme caution—or exit the market entirely—to avoid abrupt reversals. Remember: not every trade will be profitable. Developing a well-defined trading strategy and disciplined risk/money management are essential to achieving long-term success in forex trading. The material has been provided by InstaForex Company - www.instaforex.com

Ethereum price started a recovery wave above $3,950. ETH failed to clear $4,050 and recently started a fresh decline below $4,000. Ethereum started a fresh recovery above $3,880 and $3,980. The price is trading below $3,950 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $3,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,840. Ethereum Price Fails Again Ethereum price started a decent recovery wave above the $3,800 resistance, like Bitcoin. ETH price surpassed the $3,880 and $3,980 levels to enter a short-term positive zone. The price even cleared the 50% Fib retracement level of the downward move from the $4,292 swing high to the $3,677 low. However, the bears remained active near the $4,080 resistance zone and prevented an upside continuation. The price failed to settle above the 61.8% Fib retracement level of the downward move from the $4,292 swing high to the $3,677 low. There was a fresh decline below $4,000. Besides, there was a break below a bullish trend line with support at $3,960 on the hourly chart of ETH/USD. Ethereum price is now trading below $3,960 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $3,980 level. The next key resistance is near the $4,050 level. The first major resistance is near the $4,080 level. A clear move above the $4,080 resistance might send the price toward the $4,120 resistance. An upside break above the $4,120 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,220 resistance zone or even $4,250 in the near term. Downside Break In ETH? If Ethereum fails to clear the $3,980 resistance, it could start a fresh decline. Initial support on the downside is near the $3,860 level. The first major support sits near the $3,840 zone. A clear move below the $3,840 support might push the price toward the $3,820 support. Any more losses might send the price toward the $3,680 region in the near term. The next key support sits at $3,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,840 Major Resistance Level – $4,050

Bitcoin price is attempting to recover above $108,000 and $108,500. BTC tested $111,800 and is currently trimming recent gains. Bitcoin started a fresh recovery wave above the $108,000 resistance level. The price is trading above $108,000 and the 100 hourly Simple moving average. There is a bullish trend line with support at $108,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it trades above the $110,500 zone. Bitcoin Price Trims Some Gains Bitcoin price started a recovery wave above the $105,500 resistance. BTC was able to surpass the $107,500 and $108,500 resistance levels. The bulls pushed the price above $110,500. There was a clear move above the 50% Fib retracement level of the recent decline from the $115,975 swing high to the $103,582 low. However, the bulls struggled to keep the price above the $111,500 level. The price is slowly moving lower from the 61.8% Fib retracement level of the recent decline from the $115,975 swing high to the $103,582 low. Besides, there is a bullish trend line with support at $108,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $109,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $110,500 level. The first key resistance is near the $111,200 level. The next resistance could be $111,500. A close above the $111,500 resistance might send the price further higher. In the stated case, the price could rise and test the $112,500 resistance. Any more gains might send the price toward the $113,200 level. The next barrier for the bulls could be $115,000. Another Drop In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start a fresh decline. Immediate support is near the $108,800 level and the trend line. The first major support is near the $108,000 level. The next support is now near the $107,550 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,800, followed by $108,000. Major Resistance Levels – $110,500 and $111,500.

After the massive crash on October 10 – which saw Bitcoin (BTC) touch $102,000 before recovering some losses – some analysts now predict that the top cryptocurrency may be on the verge of another bullish rally as it enters the ‘disbelief phase.’ Bitcoin In Disbelief Phase – Trouble For Bears? According to a CryptoQuant Quicktake post by contributor Darkfost, Bitcoin appears to be entering the disbelief phase, which increases the possibility of a rebound to the upside. The contributor emphasized the slightly negative funding rate to support their analysis. For the uninitiated, the Bitcoin disbelief phase occurs when a new uptrend begins, but most investors remain skeptical after a recent correction, doubting that the recovery is real. During this phase, lingering bearish sentiment and short positions often act as fuel for a stronger rally once confidence returns. Darkfost stated that investors’ skepticism toward BTC returning to bullish mode can be gauged through BTC funding rates in the derivatives market. Funding rates remained negative at -0.004% on the exchange for six out of seven days over the past week, indicating traders are still slightly bearish. The likely reason behind traders’ short bias is the October 10 crypto market crash that led to a liquidation worth $19 billion. Since then, traders have consistently chosen to short the market instead of getting trapped in another price pullback. However, the longer BTC remains in the disbelief phase, the stronger the potential for an explosive upside move becomes. Darkfost added: If the current uptrend continues to establish itself, the growing pile of short positions against it could become a powerful fuel for the next leg higher. As these shorts get liquidated, it would drive prices upward, triggering a short squeeze. If a short squeeze happens, then BTC could quickly rally to major liquidity zones around $113,000 level, and even as high as $126,000 region, where significant short orders liquidations are clustered. The analyst shared two previous instance where such a pattern played out. In September 2024, BTC fell to $54,000 before surging to a new all-time high beyond $100,000. Similarly, in April 2025, the flagship digital asset rallied from $85,000 to $111,000, before climbing even higher to $123,000. To conclude, the Bitcoin market may be on the verge of another short squeeze, fueled by investors’ skepticism. BTC Investors Need To Be Cautious Although BTC is giving hints of a looming short squeeze, investors should still exercise some caution before entering the market in hopes of an instant turnaround in sentiment. For example, Bitcoin activity recently slumped below its 365-day average, raising fears of a loss of momentum. That said, some crypto analysts forecast that BTC is likely done with the price correction and is set to surge in the coming days. At press time, BTC trades at $110,814, up 2.8% in the past 24 hours.

On-chain data shows the Ethereum MVRV Ratio has just given a signal that last took the cryptocurrency’s price from $3,300 to $1,400. Ethereum MVRV Ratio Has Formed A Death Cross In a new post on X, analyst Ali Martinez has talked about a signal that has appeared for Ethereum in the Market Value to Realized Value (MVRV) Ratio. This on-chain indicator measures the ratio between the ETH Market Cap and Realized Cap. The Realized Cap here is a capitalization model for the cryptocurrency that calculates its total value by assuming the ‘real’ value of each token in circulation is equal to the price at which it was last transacted on the blockchain. Since the last transaction of any token is likely to represent the last time it changed hands, the price at its time would denote its current cost basis. As such, the Realized Cap is a measure of the total cost basis of the ETH circulating supply. In other words, the model represents the amount of capital the investors as a whole have put into the asset. The Market Cap, on the other hand, signifies the value that the investors are carrying in the present. Thus, its comparison with the Realized Cap in the MVRV Ratio tells us about the profit-loss situation of the holders. When the value of the indicator is greater than 1, it means the investors are holding more value than they put in. On the other hand, it being under the cutoff suggests the overall market is underwater. Now, here is the chart shared by Martinez that shows the trend in the Ethereum MVRV Ratio and its 160-day moving average (MA) over the past year: As displayed in the above graph, the Ethereum MVRV Ratio has witnessed a decline recently as ETH’s price has gone down, implying holder profitability has been dropping. With the latest drawdown, the indicator’s daily value has plunged below the 160-day MA. In the chart, Martinez has highlighted the previous instances of this crossover taking place. It would appear that the MVRV Ratio’s fall under this line in February led into a significant decrease in the ETH price from $3,300 to $1,400, a swing of almost 60%. Other instances of the crossover, however, didn’t mean much for Ethereum. It should be noted, though, that in these instances, including the one from earlier in the month, the metric was swift to recover back above the line, essentially canceling out the death cross. It now remains to be seen whether the latest break below the line is going to be a sustainable one like in February, or if it will be another quick dip. ETH Price At the time of writing, Ethereum is floating around $4,000, down 2% over the last week.

On Monday, the euro failed to hold above the MACD line—the day closed with a black candlestick below this line, although there has been no firm consolidation yet. Tuesday began with upward momentum. The Marlin oscillator is rising, reflecting the current state of uncertainty. If the price starts to drift along the indicator line, the sideways uncertainty may persist up until the Federal Reserve's policy meeting. To avoid a confirmed consolidation below the MACD line—which would reinforce the bearish scenario—the price must close today above this line. Such price action would support a continuation of the neutral sideways trend, with the price caught between the MACD line and the balance line. On the four-hour chart, the price is clearly coiling around the key level of 1.1650. The Marlin oscillator remains in negative territory, but with the MACD line well below the current price (1.1607), Marlin is free to oscillate near the zero axis. Both timeframes show clear signs of consolidation and sideways movement. Market participants now await the Federal Reserve's meeting on October 29. Tomorrow, a batch of U.K. inflation data will be released, which may bring a brief uptick in market activity. The material has been provided by InstaForex Company - www.instaforex.com

On Monday, trading volume in the British pound was below average. While the price did not rise, it also showed no eagerness to decline. It is clear that the market is awaiting Wednesday's release of the U.K. inflation data before making any decisive moves. On the daily timeframe, the MACD line has moved even closer to the key support level at 1.3369, thereby reinforcing it. The signal line of the Marlin oscillator has been moving sideways for four days. If the price tests the support at 1.3369, there is a high probability of a rebound upward within the ongoing consolidation. On the four-hour timeframe, the 1.3369 level is also reinforced by the MACD line, this time from below. The Marlin oscillator remains in a neutral position at the zero line. A continuation of sideways movement is likely. The material has been provided by InstaForex Company - www.instaforex.com

Following a three-day upward correction, Bitcoin failed to reach the target resistance at 111,904—likely due to the increase in strength of this level provided by the daily MACD indicator line. Today began with a confident decline. The Marlin oscillator, remaining in negative territory, has turned downward. This likely marks the beginning of a new bearish phase, with the nearest target at 102,698. A consolidation below this level would further extend the decline toward the second target at 98,124. On the four-hour chart, the MACD line prevented the price from fulfilling the target level. Now, the price is attempting to move further away from it to the downside. The Marlin oscillator is aggressively approaching the boundary with bearish territory. The target at 102,698 is open. If, however, the price consolidates above the 111,904 level, it would activate an alternative scenario with potential growth into the target range of 115,679–117,418. The material has been provided by InstaForex Company - www.instaforex.com