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Gold prices have continued to advance this week on a combination of a weak US Dollar and renewed haven demand, setting the stage for a potential retest of all-time-highs at $3500/oz next week. The return of haven demand may be attributed to the ongoing Russia/Ukraine discussions, Fed independence concerns (which are also having an effect on the Dollar) and a potential surge in tension between Iran, the US and the E3 (Germany, France and England). Rising Geopolitical Risks Just as it seemed market participants may be getting a prolonged reprieve from a heightened geopolitical risk environment which has continued throughout 2025, it appears these hopes are faltering. The Russia-Ukraine discussions are from being concluded with a potential meeting between Russian leader Vladimir Putin and his Ukrainian counterpart Zelensky facing significant challenges. On Friday, Russia stated that Western plans to give Ukraine security guarantees would increase the chance of a conflict between Russia and the West. Russia believes these guarantees would turn Ukraine into a "strategic provocateur" right on its border. Ukraine's European allies are trying to create a set of promises to protect Kyiv from a future Russian attack. These guarantees could be part of a future peace agreement. Ukrainian President Volodymyr Zelenskiy said on Thursday that he expects the details of these security guarantees to be ready as soon as next week. A spokeswoman for the Russian Foreign Ministry, Maria Zakharova, said that any security guarantees must also consider Russia's security interests. These comments will do little to quell the concerns that a deal is from being reached at this stage. Geopolitical risk is also facing another concern as tensions between Iran and Western countries have returned to the fore. France, Britain, and Germany have started the process to bring back all of the United Nations' sanctions on Iran. They are doing this because they say Iran has deliberately broken the rules of the 2015 nuclear deal, which had previously lifted these sanctions. The U.N. sanctions that were in place before the deal included a ban on conventional weapons, limits on developing ballistic missiles, and a freeze on assets and travel bans for certain individuals. The three European countries, also known as the E3, had offered Iran a chance to delay these new sanctions. The offer was made during talks in July and depended on Iran meeting three conditions: restarting talks with the United States about its nuclear program, letting U.N. inspectors into its nuclear sites, and explaining what happened to the more than 400 kilograms of highly enriched uranium that the U.N. says it has. Iran could leave the NPT as a result with growing calls in Iran for the leadership to halt negotiations they see as one-sided. This could have further implications down the line and raise the risk of another war moving forward. Fed Independence and the US Dollar President Trump's decision to fire Fed Governor Lisa Cook is seen as a move to make the Federal Reserve more political, which would normally weaken the dollar. However, the dollar's value hasn't changed much, likely for two reasons. First, Cook is fighting the firing, and it will probably be decided in court. Second, her leaving won't have a big effect on the Fed's decisions in the near future because Chairman Powell is still in charge. As long as Powell is there, the market expects the Fed's policy to be based on economic data, and there aren't enough members who want to lower interest rates faster or more aggressively to change that. The US Dollar has not changed much since the announcement but chatter continues to grow. The US Dollar remains close to YTD lows and has fallen significantly since August 1 with the US Dollar index on course to finish the month down around 2%. This coupled with rate cut expectations at the Feds September meeting hovering around the 88% mark post the PCE release today has helped Gold prices advance. Source: LSEG The question moving into next week is whether Gold will finally retest the all-time high around the $3500/oz mark? Looking Ahead Markets are entering the labor day long weekend with US markets closed on Monday. However, the rest of the week is shaping up to be a busy one. ISM services and NFP jobs data will be the key drivers next week for the US dollar. Further weakness in the labor market and continued US Dollar weakness could set the stage for fresh all-time highs for Gold prices and are definitely worth watching heading into next week. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Technical Analysis - Gold (XAU/USD) From a technical standpoint, a weekly candle close for gold above the $3400 may be crucial, as it would be the first time this happens since early June. On that occasion though the following week saw Gold prices decline by about 1.8% the following week and failed to test or breach the $3500/oz handle. Could history repeat itself? Quite possible although on this occasion i see a lot of the macroeconomic themes supporting further upside for the precious metal. Time will tell. Gold (XAU/USD) Weekly Chart, August 29, 2025 Source: TradingView (click to enlarge) Dropping down to a four-hour chart, and a candle close above the immediate resistance at 3431.66 may be key if momentum is to continue. A pullback may find support at yesterday's swing high around the 3418 handle before the 3400 mark comes back into focus. Beyond the 3431 handle, resistance may be found at 3450 and 3475 respectively before the $3500 handle comes back into focus. Gold (XAU/USD) Four-Hour Chart, August 29, 2025 Source: TradingView (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

A crypto expert set off a fresh debate by arguing that Chainlink — not XRP — should wear the “banking coin” label. His short tweet on Wednesday got people talking and digging into the numbers behind both projects. Analyst Claims Chainlink Is Banking Coin According to Quinten, a top analyst and host at Coin Compass, Chainlink is better suited to work with banks than XRP. Quinten also admitted that XRP is 10 times larger than Chainlink, a gap he says could narrow if LINK wins more institutional deals. Based on tracker figures, XRP currently trades around $3 with a market cap of a little over $178 billion, while Chainlink trades near $24 and sits at over $16 billion. XRP’s Role In Payments XRP’s case has long been tied to cross-border payments. Ripple’s tools let big banks move money on-chain in ways that aim to cut costs and speed up settlement. Some supporters say XRP could become central as traditional firms move toward blockchain settlement and even challenge systems like SWIFT. That view helps explain why XRP has a much bigger market value today. Partnerships With Institutions Reports have disclosed that Chainlink has links with several major institutions. Advocates point to connections with SWIFT and partnerships with Mastercard, the DTCC, and some central banks. Those ties are used to strengthen the contention that Chainlink can plug into the financial system in ways that go beyond payments, such as providing data, price feeds, and settlement information that banks need. Price Targets And Forecasts Quinten put a base target on LINK of $250, arguing that a move like that would make Chainlink more comparable to XRP’s value. He based that view on what he sees as stronger institutional fit. Other commentators agree. Rekt Fencer, for example, predicted a price band of $250 to $400 for Chainlink by the end of Q4 2025. At the same time, Rekt Fencer projects XRP could reach between $8.50 and $9 in the same period. These are bold calls. They rest on adoption and partnership wins that have not yet been locked in. Community Pushback And What To Watch Reactions in online forums were split. Some users say Quinten is just talking up XRP to get attention. Others took a calmer view, saying both chains could have their moments. LINK Price Looking Up Meanwhile, Chainlink is showing signs of steady strength, with forecasts pointing to a 7.53% rise that could lift the token to $26.12 by September 28, 2025, data from Coincodex show. Technical indicators lean bullish, though the Fear & Greed Index sits at a neutral 50, suggesting balanced sentiment. LINK has logged 16 green days out of the past 30, with volatility at 16.19%, signaling active but sometimes sharp price swings. Featured image from Unsplash, chart from TradingView

Ethereum has been testing key demand levels after slipping below the $4,600 mark, a breakdown that has intensified selling pressure across the market. Bulls, who recently drove ETH to new highs, are now losing control as momentum fades, and fear is beginning to creep back into sentiment. Traders are closely watching whether Ethereum can hold support zones or if a deeper retrace is on the horizon. Yet, beneath this volatility, on-chain data tells a different story. Top analyst Darkfost shared fresh insights showing that Binance’s Ethereum reserves have dropped by more than 10% in less than a week. The exchange balance fell from nearly 5 million ETH to just under 4.5 million, a sharp decline that points to strong demand. Typically, when reserves on major exchanges fall, it means investors are moving their ETH into private wallets or DeFi protocols — often a bullish sign of accumulation. While speculation and short-term fear may be fueling the current drop in reserves, the fundamentals behind Ethereum remain solid. Strong demand, coupled with consistent outflows from exchanges, signals that large players are positioning for the long term. For many, this divergence between price action and fundamentals could shape Ethereum’s next decisive move. Ethereum Reserves On Binance Decline In less than a week, Ethereum reserves on Binance have recorded a steep decline, dropping by more than 10%. According to data shared by analyst Darkfost, the amount of ETH available on the exchange fell from 4,975,000 on August 23 to just 4,478,000 today. This reduction of nearly half a million ETH underscores a powerful shift in market dynamics, signaling that investors are actively withdrawing their holdings from the platform. When exchange reserves fall at this pace, the implication is clear: users are choosing to move their assets into self-custody or deploy them in decentralized finance protocols to earn yield. Both behaviors are widely regarded as bullish signals, as they reduce the immediate supply of ETH available for trading and selling on centralized exchanges. This trend often points to stronger conviction among holders and a preference for long-term accumulation rather than short-term speculation. While it is possible that internal transfers within Binance may have contributed to the overall decline, the consistent pace of outflows over several days suggests genuine market demand is at play. The drop in reserves comes at a time of heightened volatility for Ethereum, reinforcing the narrative that large investors continue to accumulate, even as price action remains choppy. Ultimately, the decline in Binance’s ETH reserves highlights an underlying strength in Ethereum’s fundamentals. Despite fears of selling pressure, the data suggests demand is firm, with investors positioning for what many expect to be the next phase of Ethereum’s rally. Bulls Lose Support As Sellers Pressure Market Structure Ethereum is trading near $4,338 after slipping below the $4,400 level, signaling growing selling pressure in the short term. The 4-hour chart highlights a shift in momentum, with ETH now trading under the 50-day ($4,554) and 100-day ($4,499) moving averages. This breakdown suggests that bears have gained the upper hand after weeks of volatility. For now, ETH is holding above the 200-day moving average at $4,167, which acts as the last major line of defense for the broader uptrend. If bulls can stabilize the price here, Ethereum could attempt a rebound back toward the $4,500–$4,600 range, but momentum remains weak. The inability to sustain strength above $4,600 has left ETH vulnerable to further downside. If selling pressure continues, a deeper retrace toward $4,200 cannot be ruled out. This level coincides with prior demand zones and aligns with the 200-day moving average, making it a critical support area. Conversely, reclaiming $4,500 would be the first signal that buyers are regaining control. Featured image from Dall-E, chart from TradingView

The most traded FX pair wasn't exempt of a huge decrease in trading volumes in this final week of August. Without much change to fundamentals, traders have been looking for volatility in the impatient waiting of next Friday's Non-Farm Payrolls report. However, yesterday, Markets received the news of the Zelenskyy-Putin meeting not moving forward (It could have been expected with no advances since the past two weeks). The implications for the Euro are still to be clarified, but what is sure is that as long as this conflict keeps going, EU nations are going to keep spending on defense. The fundamental background could be negative for the Euro, but national spending of that sort tends to generate economic activity and hence can be seen as a positive for the Joint currency – However, the news are already priced in and have helped the Euro already in 2025. Also, rangebound action is not worst for trading, albeit can be a bit dull; It provides boundaries for entry points. You can access this article that explains how to exploit a range effectively. One thing to consider, is that ranges will break on renewed fundamentals, like economic data (Core PCE is expected to get released promptly) – therefore one other advantage is that they also provide breakout levels Read More:Markets Today: German Unemployment at 10 Year Highs, FTSE Slides on Head & Shoulders Breakout. US PCE Up NextUSD/JPY Technical: Eyeing the ascending range support of 145.50EURUSD technical analysis – determining the range and breakout pointsEURUSD Daily Chart EURUSD Daily Chart, August 29, 2025 – Source: TradingView It's now been 17 sessions that EURUSD hasn't been able to find any direction. Despite a few break attempts and data points, the pair has been held between a 1.16 to 1.17 range Some range extremes (1.1570 lows on Wednesday 27 – 1.16420 highs last Friday) did go further than that, but most of the volume is contained within these two psychological levels. Momentum is dead within the neutral zone (Mid-line of the RSI) and the 50-Day MA corroborates, flat as it can be. Let's have a closer look to see where are the range extremes. EURUSD 4H Chart EURUSD 4H Chart The most recent extreme hit was the resistance of the range and some (slow) selling is currently ongoing. Watch for a higher breakout possibility after the Core PCE data, however for now the extremes are located at 1.1570 to 1.16 range support and the range resistance 1.17 to 1.1740. Any daily close above or below these levels would imply a breakout towards other key and support levels which are: Key levels of interest for EURUSD: EUR/USD Levels to keep on your charts: Resistance Levels 1.17430 August 22nd highs2020 Resistance around 1.18 (+/- 100 pips)1.1830 2025 topSupport Levels Range lows 1.1570 to 1.161.1450 to 1.15 Main support Level1.1350 to 1.14 Support 2 Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The euro is slightly lower on Friday. In the North American session, EUR/USD is trading at 1.1657, down 0.21% on the day. German CPI accelerates to 2.1% Germany has released the preliminary inflation report for July, with a hotter-than expected reading. Annually, EU-harmonised CPI rose to 2.1%, up from 1.8% in June and above the market estimate of 2.0%. The figure was the highest level since March, driven by higher food prices. Monthly, inflation eased to 0.1%, below the June reading of 0.4% and just above the market estimate of 0%. Headline inflation in Germany, the eurozone's biggest economy, is largely in check but the battle against inflation is not over. Services inflation remained at 3.1% and core CPI was unchanged at 2.7%. Policymakers at the European Central Bank won't be losing sleep over the slight gain in inflation. The eurozone releases July inflation next week, with CPI expected to nudge higher to 2.1% from 2.0% and core CPI to 2.4% from 2.3%. The ECB meets next on September 11 and is expected to maintain its key deposit rate at 2.0%. US Core PCE rises to 2.9% The US wrapped up the week with the Core PCE index, the Federal Reserve's preferred gauge for underlying inflation. In July, core PCE rose by 2.9%, up from 2.8% in June and in line with the consensus. It was the highest level in five months and a reminder that although inflation is largely under control, the fight is not over. Monthly, core PCE was unchanged at 0.3%. Fed Governor Christopher Waller, who is a candidate to replace Jerome Powell as Fed Chair next year, gave a hawkish speech on Thursday. Waller said he supported a rate cut in September and hinted at support for larger cuts if the labor market continued to soften. EUR/USD Technical EUR/USD has pushed below support at 1.1678 and is testing 1.1664. Below, there is support at 1.16461.1696 and 1.1710 are the next resistance lines EURUSD 4-Hour Chart, August 29, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Raoul Pal says two of crypto’s most-watched legacy altcoins—XRP and Dogecoin—are coiling for their next act. In a new X thread framed as “the Crypto Waiting Room,” the Real Vision and GMI co-founder argues that a broad swath of the market is consolidating before another leg higher, with capital already “full ported” into Ethereum and rotation risk building for assets lower down the stack. XRP And Dogecoin Are In The ‘Waiting Room’ “Let’s talk about the Crypto Waiting Room… many key parts of the crypto ecosystem are in the waiting room ready to launch,” Pal wrote, opening a chart-dense series that he says draws on Global Macro Investor’s probabilistic framework. He placed Total3—the market excluding Bitcoin and Ethereum—“ready to launch from the waiting room,” while stressing that “OTHERS (Outside of Top 10… purest form of Alts season where all shit rises) [is] still in the waiting room but longer to launch.” He added, “ETH… Full Port. SOL… next to leave the waiting room… Sui in the waiting room, will follow SOL.” He was explicit on the two crowd favorites: “DOGE – in the waiting room. Will full port when OTHERS does…” and “XRP… in the process of Full Porting…” Pal’s “waiting room” metaphor is shorthand for a market structure he says rhymes with past cycles: liquidity first concentrates in the highest-quality, most institutionally accepted assets, then rotates down the risk curve as momentum broadens. “People need to learn patience. The path is clear… but never, ever expect tick for tick perfection. It’s the pattern that counts,” he cautioned with regards to the infamous M2 money supply chart, emphasizing that GMI’s approach is to seek “rhythm and rhymes of markets” rather than one-for-one chart overlays. “As ever, at GMI we are working with probabilistic frameworks and contextualisation… we use a framework of around 1,000 key charts which we then simplify and simplify.” The macro pillar of the thesis is liquidity. “The rate of change is only going to rise in the key metric of Total Global Liquidity… US, EU, China and Japan all need to roll debts,” Pal wrote, calling that confluence “an absurdly bullish backdrop, along with the reg changes, DAT’s and sovereign accumulation along with Wall Street acceptance.” In his timeline, the current crypto cycle “extends into Q1 2026 and possibly Q2 2026 due to slow business cycle forcing more liquidity for longer.” Or, as he put it more colloquially: “wen banana? We’ve been in it since Aug 2024 and the acceleration phase lies ahead.” Technically, the “waiting room” framing aligns with what long-horizon charts of XRP and Dogecoin have been telegraphing. Multi-year weekly structures on both assets show a repeating cadence of broad, descending consolidations that ultimately resolve into impulsive upside, followed by new, tighter coils beneath prior cycle highs. The current phase features exactly that kind of triangular compression: XRP’s post-spring surge has bled into a small symmetrical triangle under its 2025 peak, while Dogecoin’s 2021–2024 falling channel gave way to a higher base that is now narrowing into a wedge. Pal’s point is not that breakouts are guaranteed or imminent on a given candle, but that the setup is consistent with earlier “pre-rotation” conditions. The investor also invoked cycle analogs without over-promising precision. “And it looks similar to 2017…” he noted, before repeating that GMI is “not looking for perfect matches.” The probabilistic takeaway, he said, is that the market remains in an expansionary regime, with breadth likely to improve as non-BTC/ETH segments clear their bases. “The only question is… will your bags go up or do you have the wrong allocation? That is up to you my friends. Buy the ticket, take the ride.” At press time, XRP traded at $2.84.

The Canadian dollar has posted three consecutive winning days against the US dollar. Earlier, the Canadian dollar strengthened to 1.3738, its highest level since August 8. In the European session, EUR/USD is trading at 1.3748, up 0.05% on the day. Canada's GDP projected to show marginal expansion Canada releases GDP for June later today, with a market estimate of 0.1%. This follows two straight readings of -0.1%, and if the estimate for June is confirmed, it would point to a weak second quarter with no growth. The US tariffs have taken a toll on Canada's economy, although many analysts expected that the US-Canada trade war would be far more damaging to the Canadian economy. Some 20% of Canada's economy is made of exports to the US and a prolonged disruption in trade between the two countries could send Canada into a recession. There is a tariff exemption for Canadian exports that are covered by the US-Canada-Mexico agreement but that deal is up for renegotiation in 2026, and President Trump will be a tough negotiating partner. Bank of Canada Governor Macklem has said that the economy has held up with "some reliance" despite US tariffs. At the same time, he warned that the economy would be "on a permanently lower path" due to the tariffs. US core PCE expected to remain at 0.3% The US wraps up the week with the core PCE price index, the Federal Reserve's preferred indicator for undelying inflation. The market estimate for July stands at 0.3%, unchanged from June, which was the highest level in four months. Annualized, core PCE is expected to nudge up to 2.9% from 2.8%. USD/CAD Technical USD/CAD is testing resistance at 1.3754. Above, there is resistance at 1.3768 There is support at 1.3746 and 1.3732 USDCAD 4-Hour Chart, Aug. 29, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Charles Hoskinson, a founder of Ethereum and the driving force behind Cardano, laid out a sweeping forecast for crypto markets and payments this week. He predicted Bitcoin could reach $250,000 in the current market cycle and said the token’s total market value might hit $10 trillion in the next five years. Reports have disclosed that he links that outlook to new US stablecoin rules and what he calls clearer market structure. Bitcoin’s Role And Limits In an interview on the David Lin Report, Hoskinson argued that Bitcoin’s design made it strong as a store of value but limited as a global payments rail. He pointed to the old “big block” debates that pushed the network toward saving rather than everyday payments. Layer Two solutions, he said, are where Bitcoin gains the speed and lower cost needed for daily use. This framing leaves room for other blockchains to offer broader financial services. Cardano’s Track Record And Staking Hoskinson framed Cardano as an alternative path — one built on research and formal methods rather than rapid experimentation. Based on reports, the network has operated continuously for about eight years and uses a proof-of-stake model that many users back. Reports also state that over 70% of ADA in circulation has been staked by holders who support the network. That figure is commonly cited when comparing Cardano’s staking take-up to other blockchains. Stablecoins, Lawmakers, And Push For Tokenization Stablecoins are central to Hoskinson’s case. He told lawmakers and audiences that tokens tied to fiat could give people in countries with weak local currencies access to dollar-like stability. According to White House materials, the GENIUS Act has moved through the political process and was signed into law by US President Donald Trump, creating a new US framework for stablecoins. Based on data, the stablecoin market has topped $250 billion in supply, a milestone that regulators and banks are watching closely. A Critique Of Traditional Markets Hoskinson was blunt about exchanges and the stock market. He called current exchange practices “preposterous” and criticized systems that rely on centralized trust, including large listing fees and gatekeeping by a few firms. He said decentralized exchanges — where the protocol enforces rules — could cut out those middlemen and give people more control over their assets. That pitch fits a wider industry argument for moving custody and trade settlement onto public blockchains. For Hoskinson, Bitcoin will stay digital gold, while stablecoins, tokenized assets, and decentralized systems grow around it. The real question, he suggests, is not only how high Bitcoin’s price can go, but how the movement of money will be reshaped. Featured image from Meta, chart from TradingView

Crypto markets kicked off with a bang today with the US government data hitting blockchains for the first time. Pyth Network and Chainlink teamed up with the Commerce Department to push GDP figures onto crypto chains like Solana and Ethereum. Following it, Pyth crypto price action went wild, while TON and LINK holders cleaning up their bruises. Pyth stole the crypto show, skyrocketing by 70% hours after the announcement. Money is flowing in as the oracle’s role in real-time data delivery is validated by Uncle Sam. Meanwhile, Solana is still surfing its wave, with its ecosystem metrics hitting a new high. (PYTH/USD, source – TradingView) TON, on the other hand, hit rough waters, dipping toward $2.60 support amid builder exodus dramas. The community is in frustration over liquidity snags and failed promises. Even with Telegram ties, sentiment is getting more soured and on-chain activity flatlined. (TON/USD, source – TradingView) DISCOVER: Top Solana Meme Coins to Buy in 2025 Expectation on LINK, SOL, and PYTH Crypto Chainlink is now consolidating with exchange supplies at record lows. People venting online about supply emissions that are outpacing demand, calling out LINK team for the stagnation. However, the new Reserve program is quietly funneling revenue into buybacks. So, a turnaround could be in the play. LINK comes with SBI and Euroclear partnership, but price is still lagging. On-chain data shows that whales has been snapping up LINK aggressively. ChainlinkPriceMarket CapLINK$15.85B24h7d30d1yAll time Solana still having momentum with 600 million weekly transactions and a record of 81% DEX volume dominance. Developer counts blast paet 83% to over 7,600, not to forget the ETF filings from VanEck and Bitwise. Firedancer update also promised 100x scale, drawing in Visa and BlackRock. SOL TVL has climbed to yearly peaks, with 107k TPS bursts. Memecoin hype and tokenized stocks have been the reasons for SOL volume bumps. PayPal and upcoming Alpenglow will likely drive Solana beyond $250. (SOL TVL, source – Defillama) Besides the other players, Pyth has pushed its market cap above $1 billion, a big crypto number not seen since May. The US-Pyth has a partnership to deliver GDP data across 10 chains, pumping the crypto trading volume up to 70%. Pyth crypto benefited a lot from Solana’s ecosystem, especially with permissionless Governance. Pyth has been rewarding stakers with cross-chain crypto airdrops. As oracles bridged TradFi and DeFi, Pyth explosive adoption could be coming if not ongoing. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates There are no live updates available yet. Please check back soon! The post [LIVE] Today Crypto News, August 29 – Ton and Chainlink Bottoming, Solana and Pyth Crypto Network Going appeared first on 99Bitcoins.

Canada’s Luca Mining (TSX-V: LUCA) has acquired the Humaya 3 mining concession in Durango, Mexico, from Minera Mexicana La Ciénega, a unit of Fresnillo (LON: FRES), the country’s largest silver producer. The Humaya 3 mining concession surrounds Luca’s Tahuehueto mine in Durango, covering 2,507 hectares and with no underlying net smelter return royalties. The $400,000 cash deal increases Luca’s Tahuehueto land package by more than 25%, bringing its total holdings to about 10,000 hectares. said the acquisition strengthens the company’s near-term exploration strategy. “With this acquisition we have significantly increased both the size and exploration potential of our mineral tenure at Tahuehueto,” added Paul D. Gray, VP of Exploration. The Tahuehueto gold-silver mine commenced commercial production in April and is projected to produce 85,000 to 100,000 gold-equivalent ounces this year, including 65,000 to 80,000 payable ounces. The deal comes just days after Luca reported strong drill results at its Campo Morado mine in Guerrero, which revealed new gold and silver zones at the polymetallic operation.

USD/JPY has extended its gradual decline from the 28 July 2025 high of 150.92, losing -2.6% to reach an intraday low of 147.00 at the time of writing. Today’s Tokyo inflation data and August consumer confidence figures reinforce expectations of a potential 25-basis-point rate hike by the Bank of Japan in October, as it continues along its path of monetary policy normalization. Tokyo inflation and Japan consumer confidence support another BoJ rate hike Fig. 1: Tokyo core-core inflation & Japan Consumer Confidence as of Aug 2025 (Source: TradingView) Tokyo core-core inflation (excluding food and energy) rose by 3% y/y in August, a slight slowdown from July’s print of 3.1% but still well above BoJ’s long-term inflation target of 2% (see Fig. 1). Japan’s consumer confidence index improved further to 34.9 in August from its current year-to-month low of 31.2 printed in April. This marked the highest reading since January seen across all the components; overall livelihood (32.7 vs 31.4 in July), income growth expectations (39.4 vs 38.5), employment outlook (39.3 vs 37.6), and willingness to purchase durable goods (28 vs 27.4). Fig. 2: USD/JPY minor trend as of 29 Aug 2025 (Source: TradingView) Preferred trend bias (1-3 days) Bearish bias below 148.00/148.18 key short-term pivotal resistance. A break below 146.40 intermediate support (minor swing low area of 14 August 2025) opens the scope for a further potential slide towards the next supports at 145.85 (minor swing lows of 8 July/10 July/24 July 2025) and 145.50 (the lower boundary of the ascending range configuration) (see Fig. 2). Key elements Price actions of the USD/JPY have traded back below its 20-day moving average, and it is now challenging the 50-day moving average.The USD/JPY is still oscillating within a medium-term ascending range configuration since the 22 April 2025 low of 139.90.The hourly Stochastic oscillator is now attempting to shape a bearish breakdown from its parallel ascending support, which suggests a potential resurgence of bearish momentum conditions at least in the short term.Alternative trend bias (1 to 3 days) The key near-term risk event is the upcoming release of July’s US core PCE inflation, along with personal income and spending data later today, which will play a pivotal role in shaping Federal Reserve rate cut expectations ahead of the September FOMC meeting. A clearance above 148.18 invalidates the bearish scenario and sees a squeeze up towards the upper limit of the medium-term ascending range configuration for the next intermediate resistance to come in at 148.75 (also close to the 200-day moving average). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Asia Market Wrap - China Stocks Continue to Rally, Goldman Increases CSI300 forecast to 4900 Most Read: Sterling Outlook Softens amid Sticky Inflation, Slowing Growth and Fiscal Strains Asian stocks went up a little on Friday, following a good day for tech companies on Wall Street. Markets in Asia also had a good day, with the main Asia-Pacific stock index (excluding Japan) going up by 0.26%. In China, the tech-focused STAR 50 Index dropped by 3% after a big jump of more than 7% the day before. Shares of the Chinese chip company Cambricon Technologies fell by more than 7% because the company had warned investors on Thursday that its stock price had risen too quickly since late July. Despite this, China's CSI300 index for top companies went up by 0.5%, and Hong Kong's Hang Seng Index rose by 0.8%. However, Japan's Nikkei index went down by 0.33%. China's stock market is expected to have a record amount of trading this month, which shows how strong the current stock market surge is. This "bull run" is attracting many new investors every day. Even with concerns about the economy from US tariffs and a major property issue, and despite banks and regulators suggesting they might try to slow things down, there is a lot of excitement in the Chinese market. In light of this positive trend, experts at Goldman Sachs raised their prediction for where the CSI 300 Index will be in 12 months, changing their forecast from 4,500 to 4,900. European Open - Inflation Data in Focus European stocks dropped slightly on Friday as investors waited for new economic information from Europe and a major US inflation report. These reports could give hints about when interest rates might be lowered in both regions. The STOXX 600 index was down 0.2% and was on track for its first weekly loss in a month. This week, worries about a possible collapse of the French government and questions about the independence of the US Federal Reserve have put pressure on the stock market. Recent data showed that consumer prices in France went up a bit less than expected in August. Later today, investors will be focused on new figures from Germany and the U.S. personal consumption expenditures report. In other news, shares of the French spirits company, Remy Cointreau, went up by 1% after the company said a new trade agreement between the US and the EU would reduce the negative effect of US tariffs on its products. On the data front, Inflation in France, Spain, and Italy came in slightly below forecasts, at 0.8%, 2.7%, and 1.7% respectively. On the FX front, the euro's value stayed the same at $1.1677, while the British pound dropped slightly to $1.3474. Despite these small changes today, both currencies are set to have a good month, gaining more than 2% against the dollar. The dollar's value against the Japanese yen remained stable at 146.975 yen. Elsewhere, the New Zealand dollar became a little stronger after the chairman of New Zealand's central bank, Neil Quigley, resigned. His resignation was due to controversy over how the central bank's governor had suddenly quit earlier in the year. Meanwhile, China's currency, the yuan, reached its highest value against the dollar in 10 months. This is happening because China's central bank has kept its currency fixings stable and because of a booming stock market in China. On the other hand, the Indian rupee fell to its lowest value ever, due to concerns about how new, high tariffs from the U.S. will affect India's economy. Currency Power Balance Source: OANDA Labs Oil prices dropped on Friday, but they are still on track to end the week higher. The market is being pulled in two different directions: there's uncertainty about how much oil Russia will supply, but there are also expectations of lower demand as the summer driving season in the U.S., which uses the most fuel, is ending soon. For the day, the price of Brent crude oil for October delivery went down by 36 cents to $68.26, and the more popular November contract slid 29 cents to $67.69. The price of West Texas Intermediate crude oil also fell by 28 cents to $64.32. Even with today's drop, Brent crude is expected to finish the week with a 0.8% gain, and WTI is set to rise by 1%. Gold prices went down a little bit on Friday, but they're still on track to increase for the month. This is happening as people wait for new U.S. inflation data, which will give more hints about when the Federal Reserve might cut interest rates. The price of gold was down 0.1% at $3,414.07 per ounce. In August, gold went up by 3.6% and reached $3,423.16 on Thursday, which was its highest price since July 23rd. German Unemployment at Highest Level in 10 Years For the first time since 2015, the number of unemployed people in Germany has gone above three million, showing how a long period of economic struggles is finally hurting the job market. This three-million figure is seen as a key point that separates a strong job market from a weak one. The new data shows that the number of unemployed people in Germany increased by 45,700, bringing the total to 3.025 million. Although the number of unemployed people adjusted for seasonal changes actually went down slightly, the overall increase is part of a longer trend. Since hitting a low in May 2022, unemployment has been steadily rising because the economy has been struggling for over five years. This is a classic example of how a weak economy eventually leads to a weaker job market. Economic Data Releases and Final Thoughts Looking at the economic calendar, the European session has been busy with a bevy of inflation data. We still wait on German inflation data which will be released a bit later in the day. The US session is key today as markets brace for the Feds preferred inflation gauge, the US PCE data release. I do anticipate a 0.3% increase for the month, which is what most experts are predicting. If the increase is slightly higher, it could cause the dollar to go up a little, but it's unlikely to change the strong expectation that the Fed will cut interest rates in September. This is because of the recent reassuring comments made by Fed Chair Powell at Jackson Hole. For now, the dollar's value (measured by the DXY index) will likely stay around its 50-day average of 98.0, even though there's still a chance it could drop further. For all market-moving economic releases and events, see the MarketPulse Economic Calendar. (click to enlarge) Chart of the Day - FTSE 100 From a technical standpoint, the FTSE 100 has finally broken below the neckline of the head and shoulder pattern which has been developing this week. The index has fallen about 50 points already since the neckline break and is trading below the 100-day MA. A brief bounce has taken place but the possibility of another 50-60 point drop toward the 200-day MA could materialize. Support is immediately provided by the 9180 handle before the 200-day MA at 9136 becomes the area of focus. FTSE Four-Hour Chart, August 29. 2025 Source: TradingView.com (click to enlarge) Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Overview: Ahead of the long holiday weekend in North America, the US dollar is trading with a slightly firmer bias in narrow trading ranges. The drama around the Fed has intensified with FHFA Director Pulte sending a new criminal referral against Governor Cook regarding a third mortgage, while Governor Waller reiterated his dissent from last month's meeting. He supports a September rate cut in the face of the deterioration of the labor market while advocating looking through the tariff-related price pressures. China again lowered the dollar's reference rate to a new low for the year, and after the Thai baht, the yuan is the second-strongest emerging market currency this week, rising nearly 0.5% against the dollar. While most of the large markets in the Asia Pacific region fell, the Hong Kong and mainland indices rose. This week's CSI 300 gain of 2.7% is among the best performers. Europe's Stoxx 600 is struggling. It is off for the fourth session this week and is down nearly 2% on the week. US index futures are off 0.3%-0.5%. European bonds are also under pressure. Yields are 2-3 bp higher, paring this week's decline. The 10-year US Treasury yield is up a couple basis points a little above 4.22%, which leave it down about five basis points on the week. Gold reached a new high for the month yesterday, slightly above $3423. It is consolidating lower today but is holding above $3400 (~1% for the week). October WTI is in less than 50-cent range above $64.00. It is up about 0.75% this week. USD: Rather than trend lower this week after the outside down day was recorded last Friday in response to Fed Chair Powell's speech at Jackson Hole, the Dollar Index bounced around last Friday's range: ~97.55-98.84. It is in a tight range today of about 25 ticks above 97.80. The prospect of another soft jobs report next Friday, what are expected to be sharp downward revisions in the annual benchmark adjustment to the establishment survey a few days later, and the threat to the Federal Reserve's independence are weights on the dollar. We have suggested that investors need a higher premium to hold on greenback. But the US two-year premium over Germany is near the low for the year recorded in March. The US 10-year yield is at the lower end of a five-month range, and the US 10-year premium over Japan is near a three-year low. Today's July personal income and consumption estimates will likely point to a solid start to Q3, while the advanced goods trade balance is expected to have deteriorated in July. The Atlanta Fed's GDP tracker is looking at 2.2% growth this quarter. Such an outcome would still put growth above what the Fed considers the non-inflationary pace and seems to offer prima facie case against stagflation claims. The personal consumption deflators will draw attention, but after the CPI and PPI reports, the market tends to have a good handle on it. The early call for this month's CPI (Sept 11) is for a rise in the headline (2.9% vs. 2.7%) and a steady core rate (3.1%). Lastly, Governor Waller did not surprise in his comments late yesterday. He endorsed a rate cut next month and resuming the easing cycle to the downside risks from the labor market and arguing to look through tariff- induced inflation. EURO: The euro recovered from a three-week low on Wednesday near $1.1575 to reach nearly $1.17 yesterday. It pushed above the (61.8%) retracement of this week's slippage, found near $1.1680. It is little changed today in a roughly $1.1655-$1.1690 range. Last Friday's high was near $1.1745. It is not just an illusion, the price action has been choppy, with the euro alternating daily between gains and losses since last Tuesday. France and Spain reported August inflation figures ahead of next Tuesday's EMU aggregate preliminary August CPI is due. Looking at the harmonized measures, French inflation rose by 0.5% in August for a 0.8% year-over-year increase (0.9% in July) and Spain's inflation was flat on the month for an unchanged 2.7% year-over-year rate. Recall that in H2 24, eurozone CPI rose at an annualized rate of about 0.8%. That makes for a tough comparison this year. It rose at 4% annualized rate in H1 24 and 3% annual pace in H1 25. The swaps market has about a 38% chance of another rate cut this year. In early August, the odds were nearly 70%. CNY: The dollar recorded a two-month high against the offshore yuan on August 1 near CNH7.2240. It set a new low for the year today around CNH7.1160 but has subsequently rebounded to above CNH7.1300. It is difficult to know what Beijing is thinking, but it has signaled a willingness to accept some yuan appreciation, given the continued reduction in setting of the dollar's reference rate. The next technical target is in the CNH7.08-CNH7.10 area. Previous support often serves as initial resistance and that may be around CNH7.15. The PBOC set the dollar's fix at CNY7.1030, a new low for the year (from CNY7.1063 yesterday and CNY7.1321 last Friday). The absolute value of the changes in the reference rate this week was the largest over the year. For the first time in seven weeks, the implied three-month CNY volatility rose around 3.8%, it is the highest this month. It was nearly 6.4% at the end of last year. JPY: The dollar held above Monday's low yesterday but posted its lowest settlement since late July. The low set last week after Fed Chair Powell's speech was slightly below JPY146.60 and the greenback approached it yesterday. It is trading between about JPY146.75 and JPY147.20 today. A break could signal a push into the JPY145.85-JPY146.20 band. As was the case with the euro, the dollar has been choppy against the yen, alternating between gains and losses since early last week. Japanese data dump included weaker than expected real sector data. July retail sales tumbled by 1.6%. The median forecast in Bloomberg's survey was for a 0.2% decline after a 0.9% rise in June. Industrial output slid 1.6% (-1.1% was expected after a 2.1% rise in June). The exception was the unemployment rate, which eased to 2.3% from 2.5%, a new low since 2019. Meanwhile, Tokyo's August CPI was as expected. It moderated for the third consecutive month. The headline pace eased to 2.6% from 2.9%. It has not been lower since last November. The core rate, which excludes fresh food, eased to 2.5% from 2.9%, the slowest pace since February. The measure that excludes fresh food and energy eased slightly to 3.0% from 3.1%. The rise in fresh food prices is still filtering into processed food. The swaps market has about 17 bp of tightening discounted before the end of the year. It is little changed on the week and month. GBP: Sterling has a three-day rally in tow coming into today, but it remains within the range set last Friday (~$1.3390-$1.3545). With that brief exception, the $1.3400-$1.3600 range has dominated for three weeks. It is near $1.3460 in late European morning turnover. A break should be respected. It is trading with a heavier bias today, which some link to a policy think tank suggesting a windfall tax on banks to fill the fiscal hole. Incidentally, Italy is reportedly considering similar measures. The swaps market has settled in recent days with around 40% chance of another cut this year. The base rate sits at 4.0% and the swaps market has a cut fully discounted next year, and about a 50% chance of another. CAD: A record quarterly current account deficit saw the Canadian dollar weaken initially but it was not sold to a new session low before catching a bid. The US dollar recorded the session low in North American turnover slightly near CAD1.3740. The greenback settled lower for the third consecutive session. Near CAD1.3750, it reached the halfway point of the greenback's rally from the July 23 low (~CAD1.3575) to last Friday's high (~CAD1.3925). The five- and 20-day moving average look set to cross for the first time since late July. The US dollar was pushed briefly below CAD1.3740 today but is virtually flat in late European morning turnover. A convincing break targets the CAD1.3700-20 area next. Canada reports for June and Q2 today. The monthly GDP contracted in April and May but cannot be simply tallied to get to the quarterly reading. The Canadian economy expanded by 2.2% at an annualized rate in Q1 and is expected to have contracted in Q2. Economists polled by Bloomberg think the economy bottomed and will slowly recover. The median looks for 0.1% growth in Q3 and 0.8% in Q4. AUD: The Australian dollar is the best performing G10 currency this week with about a 0.65% gain. It reached a two-week high near $0.6540 yesterday to fray the downtrend line drawn off the July and August highs. The close above $0.6520 yesterday looks constructive and the next immediate target is the $0.6545 area, and it stalled slightly below there in the local session and eased toward $0.6525 in Europe. The daily momentum indicators look favorable, and the five-day moving average crossed back above the 20-day. The market did not seem to pay much attention to July's private sector credit growth of 0.6%. It was as expected and broadly consistent with this year's pace. The highlight next week is the first estimate of Q2 GDP. After 0.2% growth in Q1 25, economists project a 0.5%-0.6% quarterly expansion in Q2. MXN: For a little more than two months, the US dollar has chopped back and forth between about MXN18.51 and MXN18.98. The lower end represents the low for the year, and the greenback has not traded above MXN19.00 since late June. We suspect the range may hold for a bit longer. The US dollar is firm today and is approaching MXN18.72. The big development this week may have been reports suggesting that in the budget to be submitted in early September, the government will include an increase in tariffs on a range of Chinese products (including autos, textiles, and plastics). Mexico already has a 20% tariff on Chinese-made autos (which include some American brands). The key consideration looks to be the appeasement of the US president ahead of USMCA negotiations next year. Disclaimer

JPMorgan has thrown fresh fuel on the most durable comparison in digital assets, arguing in a new research note that Bitcoin now screens “too cheap” versus gold as its volatility collapses to historic lows. How Undervalued Is Bitcoin? The bank’s cross-asset team says six-month BTC volatility has fallen from nearly 60% at the start of 2025 to roughly 30%—a series low—and that Bitcoin is now only about twice as volatile as gold, the narrowest gap on record. On the bank’s volatility-adjusted framework, that compression implies Bitcoin’s market value would need to rise about 13%—translating to roughly $126,000 per coin—to align with the roughly $5 trillion private investment market in gold, leaving BTC “undervalued by around $16,000” on this basis. The framing matters. JPMorgan is not saying Bitcoin should be as large as the entire gold complex—jewelry, central-bank reserves and industrial uses included—but rather that on a risk-adjusted basis, given how much less volatile BTC has become relative to bullion, Bitcoin’s capitalization can justify a higher level than where it trades today if one benchmarks against gold’s private-investment slice of the market. The headline takeaway—“Bitcoin undervalued vs. gold as volatility falls”—was amplified by market-moving account Walter Bloomberg on X, underscoring the point that the valuation gap is a function of volatility as much as price. The bank’s analysts, led by Nikolaos Panigirtzoglou, attribute part of the volatility collapse to an evolving holder base and market structure. They point to accelerating accumulation by corporate treasuries—which they estimate now hold more than 6% of circulating supply—and to index-related dynamics that are drawing passive capital into equities tied to Bitcoin exposure, both of which dampen day-to-day swings. The cause-and-effect is straightforward in their telling: a larger, more stable base of “sticky” holders lowers realized volatility, which in turn raises fair value on a volatility-normalized, gold-relative model. Gold Parity And Beyond The claim also drew a pointed reaction from industry commentators. “It’s only a matter of time until Bitcoin reaches parity with gold,” argued Joe Consorti, head of growth at Theya, calling JPMorgan’s note “a big admission.” In his view, the longer-run destination is not parity on a risk-adjusted model but outright dominance: “At today’s market capitalization, Bitcoin would trade at $1.17 million per coin if it were equal to the size of gold.” He extends the thought experiment into a timeline, contending that if Bitcoin and gold simply maintain their five-year compound growth rates, parity arrives in the early 2030s. “If Bitcoin and gold simply keep growing at their current five-year compound annual growth rates, parity arrives in late 2031. That would mean a $53 trillion market cap for Bitcoin and a price north of $2.5 million per coin. Even under more conservative assumptions, the convergence still happens in the early 2030s. Because it’s not just about Bitcoin’s growth, it’s also about gold losing market share,” the analyst argues. While these are Consorti’s projections, not JPMorgan’s, they sketch the more maximalist endpoint of the same relative-value logic. At press time, BTC traded at $111,061.

Helium HNT Mobile is one of the crypto companies that keeps on building. Its base is continually growing in the background as the team pushes out new developments. The new tokenomics model redirects 100% of Helium Mobile’s monthly subscriber revenue to burn HNT crypto, thus creating scarcity and, in theory, increasing value. HNT is burned to create Data Credits, which are used to pay for all network activity, including data transfer on IoT and the 5G networks. Put simply: More users -> more network activity -> more HNT burned. As a growing DePIN project backed by investors such as Andreessen Horowitz, GV (formerly Google Ventures), Pantera Capital, Deutsche Telecom, Goodyear Ventures (yes, the tyre company), and others, Helium Mobile’s HNT is set to be one of the better-performing coins during the next DePIN season. HeliumPriceMarket CapHNT$476.78M24h7d30d1yAll time DISCOVER: Top 20 Crypto to Buy in 2025 You might ask, ” Will there be a DePIN season?” With the sector’s market cap growing from $1,33bn to over $18bn in 2025, major investors and research firms highlight DePIN as a top narrative. Some projections suggest a market cap into the trillions in the coming years. With great fundamentals uncovered, let’s dig into some technical analysis. Helium HNT Mobile Price Rally: HNT Crypto Technical Analysis Insights (HNTUSD) Starting today’s analysis on the 1W timeframe, we see the bear market drop into 2023. Then, almost a year of consolidation and a rally at the end of 2024, topping out at ~$11, followed by a six-month downtrend and then another test of the $10 resistance, effectively establishing the top of a range. Price spent this year at the bottom half of the range and tested support three times. Thus, the current Weekly price range is between $2.20 and $10. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 (HNTUSD) Let’s look at the 1D timeframe now. We see that a smaller range is keeping Helium HNT price bound—$2.25 support and $4.40 resistance. There is a probable deviation below support—it will be confirmed only if the price does not break support again. As the price slows down this month, we can expect a retest of resistance in September. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Low Timeframe Trading Insights For HNT Crypto (HNTUSD) Finally, let’s take a look at the 4H timeframe. One thing we should be looking at when looking for long entries is bullish reversal signs, such as candlesticks and patterns. Identifying a range is also important. On this Low Timeframe (LTF) chart, we can narrow down the range even more – roughly between $2.44 and $2.72. We can see two Bullish Engulfing Candles and a variation of Morning star pattern (usually it is made up of 3 candlesticks). A break to the upside of this range is a trigger to enter long with a stop below the bottom of the range. Happy trading and stay safe out there! Join The 99Bitcoins News Discord Here For The Latest Market Updates Helium HNT Poised for a Rally: New Price Analysis Reveals Why Current Weekly range is between $2.20 and $10 1D chart and 4H charts are both range-bound Price needs to break above $2.70 before a push to $4.40 Strong fundamentals and backing by institutional investors HNT looks like a good long-term play The post Helium HNT Poised for a Rally: New Price Analysis Reveals Why appeared first on 99Bitcoins.

Ask any homebuyer these days about how their home search is going, and you are likely to hear a whole lot of frustration. The summer of 2025 turned out to be challenging not only for homebuyers, but home sellers and homebuilders. Call it a perfect storm for the U.S. housing market, and that in turn helped to boost gold. In July, new home sales skidded 0.6% to a seasonally adjusted rate of 652,000, the Commerce Department said. Economists had forecast new home sales to climb. Gold climbed to a 3-week high, boosted by the weaker housing news, concerns over Federal Reserve independence, and ongoing safe-haven buying amid geopolitical and economic uncertainty. So, why has the housing market stalled? What does it mean for gold and for the U.S. economy? Let’s dig deeper. Homebuyers: High Mortgage Rates, High Home Prices First-time homebuyers face big challenges when it comes to signing on the dotted line and hiring movers to move into a new home. These include high mortgage rates and high home prices. In June, the median price for a U.S. existing home soared to a record high of $435,300, according to the National Association of Realtors. That’s up 2% from a year ago and marked the 24th straight month of annual price increases. Add rising mortgage rates into the mix at around 6.70% and that means new homebuyers must pay above $1,200 per month more for a median-priced home than in 2022. Sellers: Starting to Delist Instead of Lowering Prices Frustrated home sellers are pushing back against price cuts, and that’s another factor resulting in the stalled housing market. The longer homes sit, the more likely sellers are to delist their homes for sale, Realtor.com said. The rise in delisting has also coincided with a slower pace of new listings. Builders: Cautious amid Weak Demand and High Prices for Building Materials It turns out there’s a national shortage of about 4 million homes. Yet, builders are cautious in the current environment, and new single-family construction has slowed. Building permits dropped 4.4% year-over-year in June. Builders point to high financing costs, weak buying demand, and rising prices on building construction materials as factors holding them back. Since 2022, single-family home starts are down 10% while new homes under construction are down 15%. Big Picture: Home Buying is an Important Engine for U.S. Economic Growth When the housing market slows, that has a spillover negative impact on the U.S. economy. After all, when you buy a new home, you often buy new furniture, appliances, and start to spend on things like landscaping and maintenance. This has a ripple effect throughout the economy, increasing demand for goods and services, which creates jobs and boosts economic growth. A slowdown in the housing market has the opposite effect, and that’s what we are seeing now. Why Gold Climbs on Signs of a Weaker Housing Market As we saw in late August, when gold climbed to a 3-week high, precious metals benefit from weaker housing market data because it reveals broader economic stress, increased uncertainty about the labor market, and even concerns about a recession, which increases safe-haven demand for gold. Economists remain sour on the outlook for the housing market ahead, which creates favorable conditions for gold to continue to climb. The worrisome housing data is only one of many reasons investors are piling into gold in 2025, with the precious metal soaring to a record high in the first half of the year. Gold is trading quietly now, but firms from Fidelity to Goldman Sachs and J.P. Morgan forecast a new leg higher with the price of gold expected to exceed $4,000 an ounce. That makes today a great time to consider increasing your allocation to precious metals. Get started with a complimentary portfolio review with a Blanchard portfolio manager today. The post New U.S. Home Sales Skid: Gold Climbs to 3-Week High appeared first on Blanchard and Company.

Ask any homebuyer these days about how their home search is going, and you are likely to hear a whole lot of frustration. The summer of 2025 turned out to be challenging not only for homebuyers, but home sellers and homebuilders. Call it a perfect storm for the U.S. housing market, and that in turn helped to boost gold. In July, new home sales skidded 0.6% to a seasonally adjusted rate of 652,000, the Commerce Department said. Economists had forecast new home sales to climb. Gold climbed to a 3-week high, boosted by the weaker housing news, concerns over Federal Reserve independence, and ongoing safe-haven buying amid geopolitical and economic uncertainty. So, why has the housing market stalled? What does it mean for gold and for the U.S. economy? Let’s dig deeper. Homebuyers: High Mortgage Rates, High Home Prices First-time homebuyers face big challenges when it comes to signing on the dotted line and hiring movers to move into a new home. These include high mortgage rates and high home prices. In June, the median price for a U.S. existing home soared to a record high of $435,300, according to the National Association of Realtors. That’s up 2% from a year ago and marked the 24th straight month of annual price increases. Add rising mortgage rates into the mix at around 6.70% and that means new homebuyers must pay above $1,200 per month more for a median-priced home than in 2022. Sellers: Starting to Delist Instead of Lowering Prices Frustrated home sellers are pushing back against price cuts, and that’s another factor resulting in the stalled housing market. The longer homes sit, the more likely sellers are to delist their homes for sale, Realtor.com said. The rise in delisting has also coincided with a slower pace of new listings. Builders: Cautious amid Weak Demand and High Prices for Building Materials It turns out there’s a national shortage of about 4 million homes. Yet, builders are cautious in the current environment, and new single-family construction has slowed. Building permits dropped 4.4% year-over-year in June. Builders point to high financing costs, weak buying demand, and rising prices on building construction materials as factors holding them back. Since 2022, single-family home starts are down 10% while new homes under construction are down 15%. Big Picture: Home Buying is an Important Engine for U.S. Economic Growth When the housing market slows, that has a spillover negative impact on the U.S. economy. After all, when you buy a new home, you often buy new furniture, appliances, and start to spend on things like landscaping and maintenance. This has a ripple effect throughout the economy, increasing demand for goods and services, which creates jobs and boosts economic growth. A slowdown in the housing market has the opposite effect, and that’s what we are seeing now. Why Gold Climbs on Signs of a Weaker Housing Market As we saw in late August, when gold climbed to a 3-week high, precious metals benefit from weaker housing market data because it reveals broader economic stress, increased uncertainty about the labor market, and even concerns about a recession, which increases safe-haven demand for gold. Economists remain sour on the outlook for the housing market ahead, which creates favorable conditions for gold to continue to climb. The worrisome housing data is only one of many reasons investors are piling into gold in 2025, with the precious metal soaring to a record high in the first half of the year. Gold is trading quietly now, but firms from Fidelity to Goldman Sachs and J.P. Morgan forecast a new leg higher with the price of gold expected to exceed $4,000 an ounce. That makes today a great time to consider increasing your allocation to precious metals. Get started with a complimentary portfolio review with a Blanchard portfolio manager today. The post New U.S. Home Sales Skid: Gold Climbs to 3-Week High appeared first on Blanchard and Company.

After the market crash, the Dogecoin price suffered a decline to $0.2, which presented as a perfect opportunity for whales to get back in action. With the momentum rising for the meme coin, there are a number of factors that have been presented that suggest the price could more than double soon. Pseudonymous crypto analyst ProjectSyndicate highlights these catalysts in an analysis, showing what will drive the Dogecoin price to new yearly peaks. But First, A Retest Of The Reload Zone? Just like other digital assets in the space, Dogecoin features a low reload zone with lots of support that the price could retest before moving upward. In this case, the reload zone lies as low as $0.15, meaning that a failure to continue the uptrend could lead to a retest of this zone. So far, the Dogecoin price has managed to escape testing this zone as the bulls continue to hold support. Initial support featured heavily above the $0.22 level. However, as bears have put pressure on this level with notable sell-offs, support above $0.2 remains the major zone. As the crypto analyst explains, the $0.15-$016 zone is the bottom of the Dogecoin accumulation range. It means that a breakdown from here would likely touch this level, making it the ideal spot to start getting into position before the Dogecoin price takes off again. Catalysts To Drive Dogecoin Price To New Peaks Outside of the reload zone, there are a number of factors that have positioned Dogecoin for a possible strong bullish move. The first here is the accumulation that has followed the price correction. So far, whales have been buying DOGE, marked by major withdrawals from exchanges. Another catalyst is the expectation of a Dogecoin ETF. So far, multiple firms have filed for a Dogecoin ETF, but none have been approved as the SEC continues to postpone its decision. But if an approval does come through, then the significant institutional inflow could drive the price higher. The analyst also points to the DogeOS launch that allows Dogecoin users to take advantage of decentralized finance on the Ethereum network. This is another utility that has boosted Dogecoin’s popularity among investors and could help to prop up its price. On the technical side, the Dogecoin price is also throwing out bullish prospects, with a Golden Cross forming after the 50-Day Moving Average crossed the 200-Day Moving Average. Golden Crosses have often preceded strong bullish moves, and this time is expected to be no different. From here, the Dogecoin price simply has to hold above $0.15-$0.16, even in the case of a crash. If bulls can maintain this level, then the analyst expects price to reclaim $0.25, with the possibility of further upside to $0.34-$0.40, before expanding toward $0.55.

Why is crypto going down today? Friday, August 29, marks a critical day for the crypto markets as Binance Futures suddenly went offline while a massive $15 billion in Bitcoin and Ethereum options contracts are set to expire. The Bitcoin options market shows a put/call ratio of 0.79, with the “max pain” level at $116,000 and open interest heaviest at $140,000. Ethereum contracts show similar bullish momentum, with a put/call ratio of 0.76 and max pain at $3,800. With traders already bracing for turbulence, the outage adds further uncertainty — and it has many asking what could be the best crypto to buy now. Pyth is set to publish five years’ worth of historical GDP data and expand into more macroeconomic indicators. Could PYTH really compete with LINK? At the time of writing, Bitcoin trades near $110,300 and Ethereum around $4,390, while Chainlink’s momentum is holding its position. High volatility is expected. Stay tuned to our real-time updates below. 2 hours ago PetroChina Explores Stablecoin-Based Cross-Border Settlement Amid Hong Kong Regulatory Shift By Fatima PetroChina has announced plans to study the feasibility of using stablecoins for cross-border settlement and payments, marking a major step toward financial innovation in the energy sector. The news comes as Hong Kong’s new stablecoin regulatory framework officially took effect on August 1, requiring issuers to obtain licenses and meet strict capital requirements. According to Yahoo Finance, PetroChina’s CFO Wang Hua confirmed the initiative during the company’s half-year results briefing, noting that the firm is closely monitoring developments from the Hong Kong Monetary Authority. This move positions PetroChina as one of the first energy giants to explore digital asset-based settlement under Hong Kong’s new rules. Industry analysts suggest stablecoins could lower costs, reduce FX risks, and increase efficiency in global energy trade. 3 hours ago Mantle Surpasses $4 Billion in Treasury Assets, Becomes Market Leader By Fatima Mantle has announced that its treasury has surpassed $4 billion in assets, making it the largest in the crypto market. Alongside this milestone, Mantle highlighted its involvement in the recent U.S. Department of Commerce and Chainlink integration, which aims to bring key U.S. government data on-chain. The post [LIVE] Today Crypto News, August 29 – $15 Billion Bitcoin and Ethereum Options Expire, Binance Futures Goes Offline: Chainlink and Pyth Compete for Best Crypto to Buy Now appeared first on 99Bitcoins.

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

⦁ GBP outlook has turned bearish: Sticky inflation, slowing growth, and tight fiscal prospects tilt risks to the downside despite earlier stability versus G10. ⦁ BoE likely to cut once more, then pause: After a split August 25 bp cut, a single 25 bp cut in November is plausible, with futures sceptical about further easing. ⦁ Inflation is persistent and services-led: Core ~3.8% y/y; services ~5% y/y; broad pricing pressure and elevated expectations keep disinflation progress limited. Recent performance and policy signals For most of 2025 sterling was broadly stable against the G10 basket despite a marked weakening of the US dollar and a modest strengthening of the euro. The latest data and turbulence in monetary policy suggest the balance of risks for GBP has tilted to the downside, so earlier, more optimistic views on the currency may now lack sufficient support. After an unexpectedly strong first quarter supported by above average exports to the United States, April and May weakened, which was offset by a strong June, leaving second quarter growth at 0.3 per cent quarter on quarter. In June the Bank of England signalled a more dovish stance, briefly lifting expectations for rate cuts. Higher inflation then cooled those assumptions. In early August a 25 bp cut passed only on a second vote. In the first vote four members favoured no change, four supported a 25 bp cut and one argued for a 50 bp reduction. The economic picture is also harder to interpret because of quality issues in ONS data. Inflation remains persistently high Core inflation remains stubborn. For nearly two years its seasonally adjusted month on month pace has hovered around 0.28 per cent, clearly above target. After a brief episode of goods disinflation, goods prices have accelerated again, while services inflation has eased slightly. Headline CPI and core CPI have been rising year on year for several months, with core at about 3.8 per cent year on year. Services inflation is around 5 per cent year on year and has oscillated near that level since last autumn. Overall, price pressure has not abated. The ONS has not published PPI since January. Import costs are likely falling, as suggested by declining container freight rates. The Bank of England has comparatively few concerns about industrial goods excluding energy, where price growth is only moderate. Services generate the larger problem, with wages running above trend. Pricing pressure is broad based across many categories and both firms and households report elevated price expectations. For now companies can accept lower margins to avoid choking demand, but that may change, with more costs passed through to customers, which would lift inflation over a longer horizon. UK CPI and core CPI inflation, y/y, source: Bloomberg Growth is unbalanced and increasingly reliant on services The United Kingdom’s growth dynamics are not encouraging. Since the fourth quarter of 2022 almost all gains in GDP have come from the public sector. Without government spending the economy would have been in stagnation for more than two years. In 2024 goods exports fell back to their 2019 level. Combined with a weak industrial sector this points to a growing dependence on services. If services were to weaken as well, the outlook would deteriorate quickly. Real wages are rising, but this is not feeding through to consumption because households are increasing savings. UK GDP growth, q/q., source: Bloomberg Labour market momentum is cooling The labour market has been losing momentum for more than a year. The downtrend began well before the change of government and is consistent with the lagged impact of restrictive Bank of England policy. The vacancy to unemployment ratio, which is central to the Bank’s framework, has fallen below its 2019 average. Public finances are tight and October could be pivotal The public finances are stretched. Chancellor of the Exchequer Rachel Reeves faces a difficult balancing act. On the one hand she aims to show that current commitments will be funded from taxation. On the other she has pledged not to raise taxes. Changes due in October that increase employer contributions could bring additional revenue to the Exchequer, but they may also push up labour costs. Meanwhile spending needs, for example on defence, are rising. The October Budget is likely to be pivotal and could generate higher volatility in GBP. Policy outlook points to one cut and then wait and see The Bank of England faces a classic dilemma. It must continue to tackle persistent inflation while also supporting a slowing economy. A single cut of 25 bp in November looks plausible, followed by a shift to a wait and see stance. Futures pricing remains sceptical about further easing this year according to Overnight Index Swaps. The situation could change if forthcoming data disappoint, which would likely exert downward pressure on sterling. UK Bank of England Official Bank Rate Near term upside risks versus medium term headwinds In the near term positive data surprises are possible given low expectations and the likelihood that recent prints understated the underlying trend. Over the medium and longer term structural growth constraints, a cooler labour market and tight fiscal conditions may dominate. Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

115 crypto companies, investors, and organizations have come together to urge the US Senate to incorporate explicit protections for open-source software developers and non-custodial service providers in upcoming market structure legislation. This coalition, spearheaded by the DeFi Education Fund, includes high-profile supporters such as Coinbase, a16z crypto, and Ripple, all emphasizing the need for regulatory clarity that fosters innovation rather than stifling it. Historic Letter From Crypto Leaders The letter, signed by 115 key players in the crypto ecosystem, underscores a collective commitment to preserving the rights of those who build the digital financial landscape. It states: We speak to Congress with one voice: provide robust, nationwide protections for software developers and non-custodial service providers in market structure legislation. Without such protections, we cannot support a market structure bill. The signatories highlight the historical advantages the US has enjoyed in software development, which have led the nation to the forefront of technological innovation over the past five decades. They argue that to maintain this leadership in the digital financial era, legislation must recognize the crypto market’s blockchain technology as neutral infrastructure. Furthermore, they assert it should ensure that crypto developers and service providers are not subjected to outdated regulatory frameworks designed for traditional finance. Calls For Legislative Protections The letter also points to troubling statistics: the share of open-source software developers in the US has declined from 25% in 2021 to a projected 18% in 2025. This drop is largely attributed to the uncertainties surrounding regulatory frameworks for software development. As noted in a recent report from the President’s Working Group on Digital Assets, reversing this trend is essential for making America the “crypto capital of the world.” While the House and Senate have included provisions like the Blockchain Regulatory Certainty Act and the Keep Your Coins Act in their drafts, which aim to distinguish between intermediated finance and decentralized networks, the letter emphasizes that more clarity is needed. They believe that the proposed legislation must ensure that crypto developers are not misclassified as money transmitters and that they can engage in their activities without facing regulatory penalties. The call for comprehensive federal protections is framed as a bipartisan issue, with a history of support for open-source software crossing party lines. Past legislation, such as the CLARITY Act, received overwhelming backing, indicating a strong consensus on the need to protect developers and non-custodial service providers. The current coalition aims to build on this momentum and push for enhancements in the legislative protections for developers. Featured image from DALL-E, chart from TradingView.com

Data shows social media sentiment around Solana has hit a 11-week high following the latest recovery surge in the cryptocurrency’s price. Solana Is Now Observing 5.8 Bullish Comments For Every Bearish Post In a new post on X, analytics firm Santiment has discussed about the latest trend in the Positive/Negative Sentiment for Solana. This indicator tells us about how the bullish and bearish comments related to SOL currently compare on the major social media platforms. The metric uses a machine-learning model to judge whether a given post/thread/message is positive or negative. Once it has separated the texts into the two categories, it counts them up and finds their ratio. Now, here is the chart shared by the analytics firm that shows the trend in the Solana Positive/Negative Sentiment over the last couple of months: As displayed in the above graph, the Solana Positive/Negative Sentiment has witnessed a sharp increase recently, indicating that positive comments related to the cryptocurrency have ramped up. Currently, there are 5.8 positive posts appearing for every negative post. This is the highest that the ratio’s value has been since June 11th, more than two months ago. The rise in bullish sentiment is a result of the 16% price surge that SOL has enjoyed over the past week. While some excitement after rallies is normal, an excess of it can be something to watch out for. This is because digital assets have historically tended to move in a way that goes contrary to the expectations of the majority. This means that a large amount of hype among social media users can lead to tops. Similarly, widespread fear can facilitate the formation of a bottom. With the Positive/Negative Sentiment sitting on an 11-week high, it now remains to be seen whether trader FOMO would become an obstacle in the Solana rally. In some other news, Santiment has shared an update on how projects on the SOL blockchain currently rank up against each other in terms of the Development Activity. The “Development Activity” refers to a metric that measures, as its name suggests, the total amount of work that the developers of a given cryptocurrency project are putting in on its public GitHub repositories. Below is a table that shows the 30-day value of the metric for the top projects in the SOL ecosystem. It would appear that the king of the SOL ecosystem is none other than Solana itself, with a Development Activity value of 138.37. Wormhole (W) and Drift (DRIFT) are the next best projects with metric values of 41.47 and 31.9, respectively. SOL Price At the time of writing, Solana is trading around $212, up 1.6% over the past day.

Solana started a fresh increase above the $200 zone. SOL price is now consolidating above $212 and might aim for more gains above the $220 zone. SOL price started a fresh upward move above the $200 and $212 levels against the US Dollar. The price is now trading above $212 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $220 resistance zone. Solana Price Extends Surge Solana price started a decent increase after it found support near the $192 zone, beating Bitcoin and Ethereum. SOL climbed above the $200 level to enter a short-term positive zone. The price even smashed the $205 resistance. The bulls were able to push the price above the $212 barrier. A high was formed at $217 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $185 swing low to the $217 high. Solana is now trading above $212 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $218 level. The next major resistance is near the $220 level. The main resistance could be $225. A successful close above the $225 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $250 level. Downside Correction In SOL? If SOL fails to rise above the $220 resistance, it could start another decline. Initial support on the downside is near the $212 zone. The first major support is near the $210 level. A break below the $210 level might send the price toward the $202 support zone and the 50% Fib retracement level of the upward move from the $185 swing low to the $217 high. If there is a close below the $202 support, the price could decline toward the $195 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $212 and $202. Major Resistance Levels – $220 and $225.

TRON (TRX) has been showing signs of slowing momentum after its climb near previous highs. The token is currently priced at $0.3486, reflecting a 19.2% decline from its all-time high of $0.4313 recorded late last year. Over the past week, the market has seen limited upward movement, with TRX trading in a narrow range, suggesting muted buying pressure. On-chain analysts are closely watching TRON’s market dynamics as it approaches a potential inflection point. According to data shared on CryptoQuant’s QuickTake platform, TRX is exhibiting conditions that mirror earlier phases in its history where heightened optimism preceded corrections. The combination of rising sentiment indicators and technical positioning has sparked debate on whether TRX is preparing for a breakout or facing increased risk of retracement. Market Conditions and On-Chain Metrics CryptoQuant contributor CryptoOnchain explained that TRX is at the edge of a critical zone, with “Extreme Greed” sentiment levels dominating investor behavior. Historically, such phases have led to either price discovery above resistance or sharp pullbacks when momentum fails to sustain. The analyst noted that the gap between TRX’s spot price and its realized price has widened, indicating substantial unrealized gains in the market. This divergence often increases incentives for holders to secure profits, adding to potential selling pressure. The on-chain data further highlights that TRX is approaching its upper value band, an area typically associated with overbought conditions. CryptoOnchain noted: TRX is at a critical juncture: a breakout above the all-time high could lead to further upside, but there is also a real risk of a correction. Traders should proceed with caution. To mitigate risks, strategies such as trailing stop-losses and partial profit-taking were recommended, especially given the heightened levels of speculative optimism. Stablecoin Dominance on the TRON Network While price performance has drawn attention, another significant factor shaping TRON’s trajectory is its growing role in stablecoin settlements. CryptoQuant analyst Burak Kesmeci recently emphasized that stablecoin transfers heavily dominate TRON’s ecosystem in 2025. Data shows: USDT: over 383 million transfers. Wrapped TRX (WTRX): 3 million. PayNet Coin: 1.88 million. USDD: 585,000. This activity shows TRON’s positioning as the leading blockchain for USDT transactions, benefitting from its relatively low fees and high throughput. The passage of the US Genius Act, which reinforced the role of certain blockchains in stablecoin settlements, further boosted TRON’s relevance in global payment flows. The analyst argues that while speculative trading around TRX’s price dominates headlines, its utility-driven demand in stablecoin transfers provides a strong foundation for long-term resilience. With over 90% of its transaction activity tied to USDT, TRON’s role as an infrastructure layer for digital dollar settlements remains one of its key strengths. Featured image created with DALL-E, Chart from TradingView