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Following another unsuccessful attempt to create a new all-time high (ATH), Bitcoin (BTC) dropped to a weekly low of $110,820 on the Binance exchange yesterday. The world’s largest cryptocurrency by market cap has now entered a clear pullback phase, with $105,000 emerging as the critical support level that traders are closely watching. Bitcoin Falls To $110,000 Amid Market Pullback According to a CryptoQuant Quicktake post by contributor BorisD, Bitcoin’s current distribution phase could extend for several more days. Wallet accumulation and distribution patterns highlight stronger sell-offs among BTC whales, raising questions about short-term price stability. For context, Bitcoin whales are individuals or entities that hold very large amounts of BTC, typically thousands of coins, giving them outsized influence on market trends. Their buying or selling activity can significantly move prices, making whale behavior a closely watched indicator for traders and analysts. Interestingly, smaller wallet cohorts are showing different behavior. Wallets holding 0–0.1 BTC recently switched back to accumulation mode as the broader market declined. These smaller holders typically follow the price rather than set the trend. Wallets holding 0.1–1 BTC began accumulating even at ATH levels. This trend suggests retail investors remain confident in Bitcoin’s long-term trajectory. On the other hand, wallets with 1–10 BTC halted their selling around the $107,000 level and returned to accumulation. This trend hints that mid-sized holders see current price levels as attractive buying opportunities, despite overall market weakness. BTC Whales Continue To Sell Larger holders are displaying more cautious behavior. Wallets with 10–100 BTC stopped accumulating at $118,000 and have since moved into distribution. BorisD pointed out that wallets with 100–1,000 BTC are the most important group to watch. While generally in accumulation mode, this cohort has shown a balance between buying and selling. The analyst added: They have shown balance between accumulation and distribution since $105,000, reflecting indecision. This level acts as a critical support-turning zone. Meanwhile, wallets with 1,000–10,000 BTC remain in consistent sell-off mode following the ATH of $124,474 reached on August 13. The largest wallets – holding more than 10,000 BTC – also began selling at those highs and continue to distribute. However, the pace of their selling has slowed as the price pulls back, indicating weakening distribution pressure. The analyst emphasized that although distribution remains the dominant trend, its intensity is waning. The $105,000 support zone now stands out as the most crucial threshold. A decisive break below this level could shake market confidence and trigger widespread fear among investors. Fellow CryptoQuant contributor, Julio Moreno, recently stated that the CryptoQuant Bull Score Index moved into neutral territory. However, it must trade over $112,000 to avoid a sharper price correction. Another prominent crypto analyst, Tony “The Bull” Severino said that BTC’s path to $183,000 remains intact. At press time, BTC trades at $111,349, down 2.7% over the past 24 hours.

Canary Capital has filed a proposal for a new spot ETF that focuses entirely on American-built digital assets. The fund would track what they’re calling the Made-in-America Blockchain Index, spotlighting tokens with strong ties to the United States. It’s a clear attempt to bring national identity into the increasingly global crypto landscape. Only Tokens with U.S. Roots Make the Cut To qualify for inclusion, a token must be created in the U.S., primarily mined or minted on American infrastructure, or operated by a team based in the country. It’s a tight filter that puts geographic origin and operational control at the center of index design. This is not just about where a token is traded but where it was built and who’s running it. Filtering the Market: A $520 Billion Opportunity Analysts estimate that more than $500 billion worth of digital assets meet the ETF’s criteria. That’s a large slice of the overall market. Likely candidates include Solana, XRP, Chainlink, Cardano, Stellar, Avalanche, Hedera, and Sui. These are networks with significant U.S. ties, either through founding teams, infrastructure, or legal incorporation. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in August2025 Income Potential Through Staking and Validation Canary’s proposal doesn’t stop at passive tracking. The fund also plans to participate in on-chain activity, including staking and transaction validation. That means the ETF could earn native rewards from networks where it holds tokens, adding a potential income layer on top of asset appreciation. Ticker MRCA, Trading on Cboe BZX If approved, the ETF will trade under the ticker symbol MRCA on the Cboe BZX Exchange. The structure is a Delaware statutory trust, not a traditional mutual fund, so it won’t fall under the Investment Company Act of 1940. That gives the fund more operational flexibility, particularly when it comes to handling digital assets directly. BitcoinPriceMarket CapBTC$2.19T24h7d30d1yAll time Talking Points from ETF Analysts Some analysts are calling the filing creative, even if it raises questions. There’s still a bit of ambiguity around exactly which tokens qualify, especially when teams are distributed or chains are supported by global contributors. But the broader takeaway is clear: ETF managers are getting more experimental in how they design crypto products. Late-Year ETF Filing Surge Continues This isn’t the only fund aiming to capture a new angle. Canary’s submission lands alongside other late-year filings, including one from Grayscale to convert its Avalanche Fund into a publicly traded trust. These filings show that the window for new ETF strategies is wide open, and fund managers are racing to carve out niches. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What This Means for U.S. Crypto Strategy This ETF taps into a growing narrative about supporting homegrown crypto ecosystems. With regulatory conversations heating up in Washington and global tensions in the background, Canary’s filing could appeal to investors who want U.S.-backed exposure without venturing too far into foreign projects. What Comes Next in the Approval Process The S-1 filing kicks off the process, but Canary will still need a 19b-4 approval from the exchange. The SEC is reviewing a backlog of crypto-related ETF proposals right now, so a decision may come before the end of the year. If it clears, MRCA could offer a new way to bet on the future of U.S. crypto without leaving the safety of traditional finance. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Canary Capital filed for a spot ETF focused on U.S.-built digital assets, tied to a Made-in-America Blockchain Index. Only tokens with strong U.S. ties—including Solana, XRP, Chainlink, and Cardano—would qualify for the ETF. The ETF plans to earn rewards through staking and validation, creating an income layer beyond price performance. It will trade under the ticker MRCA on Cboe BZX if approved, offering direct exposure through a Delaware trust structure. The ETF taps into national crypto narratives and may appeal to investors looking for U.S.-backed blockchain exposure. The post Canary Capital Files for U.S.-Made Crypto ETF appeared first on 99Bitcoins.

Bitcoin’s price action this month has left traders watching closely as big players double down on bullish calls. According to VanEck’s research, the investment firm has reaffirmed a $180,000 year-end target even after Bitcoin slid from a recent high, a sign that some institutional buyers are not backing away despite a pullback. Institutional Buying Remains Heavy Reports have disclosed heavy accumulation in July. Exchange-traded products bought 54,000 BTC while Digital Asset Treasuries added 72,000 BTC, giving clear evidence that large holders continue to pile in. VanEck first laid out its bullish view in November 2024 when Bitcoin traded around $88,000. At the same time, US-listed miners now account for 31% of global Bitcoin hashrate, up from roughly 30% earlier this year, even as equity index fell 4% when excluding Applied Digital’s 50% jump. Price Moves Show Volatility And Quick Recovery Bitcoin slid to $112,000 in early August before jumping back to $124,000 on August 13. That move set a new all-time high above July’s $123,838. At the time of writing, Bitcoin trades close to $115K, roughly 8% below that recent peak. Traders describe the pullback as a repositioning after a run-up, not an obvious breakdown. Derivatives metrics back the picture of rising speculative interest. CME basis funding rates have surged to 10%, the highest level since February 2025. Options markets show call/put ratios hitting 3.21x, the strongest since June 2024, with investors spending $792 million on call premiums. Yet implied volatility has compressed to 32%, well under the one-year average of 50%, which makes options cheaper for buyers. On the other hand, futures open interest sits over $6 billion, though a $2.3 billion unwind in open interest during recent corrections ranks among the larger single-session moves. Voices Split On How High Bitcoin Could Go Executives and analysts disagree on the pace and peak of the rally. Coinbase CEO Brian Armstrong joined figures such as Jack Dorsey and Cathie Wood in suggesting Bitcoin could reach $1 million by 2030, citing clearer rules and wider institutional adoption. Galaxy Digital’s Mike Novogratz warned that a million-dollar level would more likely reflect severe US economic stress than normal market strength. Preston Pysh flagged concerns about how Wall Street’s growing role might change Bitcoin’s use and culture. Support Levels And Technical Technically, many market watchers view the $100,000-$110,000 range as key support. A decisive break below $112,000 could push prices toward $110,000 and, in a deeper move, $105,000. For now, the story is mixed. Institutional demand and speculative derivatives flows are pushing price pressure higher, while cheap options and compressed volatility make bullish bets less costly. Whether that combination lifts Bitcoin to VanEck’s $180,000 target will depend on continued inflows and whether key support holds. Featured image from Meta, chart from TradingView

Institutional Bitcoin ETF inflows hit $33.6 billion in the second quarter of 2025. Most of that came from investment advisors, hedge funds, and brokers. That’s a serious wave of capital and another sign that Bitcoin is no longer being ignored in boardrooms. Advisors Take the Lead Investment advisors took the lead, now holding around $17.4 billion in Bitcoin ETF positions. That’s nearly twice as much as hedge funds, which are sitting on about $9 billion. Advisors have clearly embraced ETFs as a way to get Bitcoin exposure without touching the asset directly. Brevan Howard and Harvard Make Big Moves A few big names stood out. Brevan Howard Capital Management increased its stake in a major Bitcoin ETF by 71 percent, bringing its total position to roughly $2.3 billion. Harvard’s endowment also made headlines by adding $117 million. That puts its Bitcoin ETF exposure ahead of its gold holdings, which says a lot about where its confidence lies. Growth Across Institutional Categories Just about every type of institutional investor added to their Bitcoin ETF positions in Q2. Brokers moved up fast, hitting $4.3 billion in holdings, placing them second only to advisors. Banks got involved too, though at a smaller scale, adding about $655 million. The only group that stayed flat was pension funds, which held steady at just over $10 million. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Institutional Share Still Smaller Than Retail Even with all that growth, institutions still only account for about 25 percent of the total money in Bitcoin ETFs. That means retail investors are still the majority, holding roughly three-quarters of the pie. Despite the rise in institutional interest, Bitcoin is still deeply rooted in the hands of individual investors. BitcoinPriceMarket CapBTC$2.19T24h7d30d1yAll time What’s Changing Behind the Numbers This isn’t just about more money flowing in. It’s about how institutions are starting to view Bitcoin. It’s no longer just a trade or a risky side bet. For many, it’s becoming a long-term allocation alongside equities, bonds, and real estate. ETFs give them a cleaner way to gain exposure without worrying about wallets or keys. DISCOVER: 20+ Next Crypto to Explode in 2025 Market Structure Is Changing The rise of Bitcoin ETFs has made it easier for traditional players to get involved. They don’t need to change how they operate. They can use the tools they already know. That convenience is helping fuel the inflows, especially as global markets remain shaky and inflation concerns keep bubbling up. What Comes Next in Q3 Looking ahead, the next few months could bring even more movement. If traditional markets hit turbulence or if interest rate guidance changes again, institutional demand for Bitcoin ETFs could spike. Retail traders will keep playing their part, but the institutions are getting louder. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Institutional investors poured $33.6 billion into Bitcoin ETFs in Q2 2025, led by advisors, hedge funds, and brokers. Investment advisors now hold $17.4 billion in Bitcoin ETFs, nearly doubling hedge fund positions. Brevan Howard boosted its Bitcoin ETF stake by 71%, while Harvard’s endowment now holds more Bitcoin than gold. Despite institutional growth, retail investors still hold around 75% of total Bitcoin ETF assets. ETFs are helping institutions treat Bitcoin as a long-term allocation. The post Institutions Push $33.6 Billion into Bitcoin ETFs in Q2 appeared first on 99Bitcoins.

Cenovus Energy (TSX: CVE) (NYSE: CVE) announced that it has entered into a definitive agreement to acquire MEG Energy Corp. (TSX: MEG) in a cash and stock deal valued at C$7.9 billion ($5.7bn), The acquisition brings together two top Alberta oil sands producers with combined production of over 720,000 barrels per day and the largest land base in the best quality resource area in the basin, Cenovus said in a news release. The deal, announced August 22, ended weeks of speculation that Calgary-based Cenovus would emerge as a white knight for MEG, which was facing a hostile takeover attempt. Under the terms, Cenovus will acquire all of the issued and outstanding common shares of MEG for C$27.25 per share, which will be paid 75% in cash and 25% in Cenovus common shares. The acquisition consolidates adjacent, contiguous assets at Christina Lake, enabling integrated development of the region and unlocking significantly accelerated access to previously stranded resource, the company said. “This transaction represents a unique opportunity to acquire approximately 110,000 barrels per day of production within some of the highest quality, longest-life oil sands resource in the basin, which sits directly adjacent to our core Christina Lake asset,” Cenovus CEO Jon McKenzie said in a news release. Cenovus said it expects to realize approximately C$150 million of near-term annual synergies, growing to over C$400 million per year in 2028 and beyond.

Log in to today's North American session Market wrap for August 25. August trading is coming to its concluding week with FX Markets mostly mean-reverting July moves, Equities and Cryptos still pushing higher (but showing some signs of hesitancy) and US treasury yields not knowing where to go after contradicting economic signs and no further direction from FED Speakers. Hence, the past week saw even further indecisive price action as all participants waited for Fed Chairman Powell to fold under dovish pressure after persistent threats from the Trump Administration. The US Dollar suffered greatly on Friday as Participants overestimated his comments, but looking back (and as mentioned in our Friday market recap), his wording was a bit more balanced than what markets interpreted, leading to a consequent rebound in the US Dollar today. Equities, Forex, and Cryptos (particularly) have failed to pursue their gains against the US Dollar, leading only US Oil to gain in today's session. Ethereum's saturday all-time highs were not enough to pull Crypto markets higher, let's see what digital assets aficionados do from here. Bitcoin is currently trading just a bit below Friday's pre-spike levels. Read More: USDCHF in focus as the pair oscillates above the 0.80 markCross-Assets Daily Performance Cross-Asset Daily Performance, August 25, 2025 – Source: TradingView Cryptocurrencies had already struggled in today's open but are seeing some even stronger selling flows as we speak. Other assets have also given up some of their Friday gains. US Oil on the other hand has rebounded from a technical double-top, mentioned in our most recent analysis (you can access it to get your trading levels). A picture of today's performance for major currencies Currency Performance, August 25 – Source: OANDA Labs The US Dollar is officially the winner of the session after a more mixed picture during most parts of the Monday trading, with most Majors pulling back against the greenback. The Swiss franc is on the other side of the board too, giving up 75% of its Friday's gains, with the FX sentiment difficult to comprehend. FX Markets will be awaiting for more data and have stayed mostly rangebound. A look at Economic data releasing in tomorrow's session For all market-moving economic releases and events, see the MarketPulse Economic Calendar. The session is not entirely over with FED's Williams (very influential) appearing at a Keynote in Mexico. We don't know yet if he will be delivering economic remarks. Tomorrow, Central bank speakers will also be in focus with BoE's Mann speaking at noon (shouldn't be too big of a mover but may influence the Pound), and most importantly for the CAD, Bank of Canada's Governor Macklem delivering remarks at 2:45 P.M. 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.

Dogecoin (DOGE) is trading near $0.22, caught in a tightening range that has traders eyeing a potential breakout. The memecoin dipped 5% over the past 24 hours, holding flat on the weekly chart, while trading volume crossed $3 billion. On the 4-hour chart, DOGE has formed a symmetrical triangle pattern, a technical setup often signaling an explosive move once price escapes the structure. Analyst Ali Martinez noted that the asset is nearing the lower boundary of this formation. He suggested that “one last dip before the breakout” may occur, with support at $0.22 and resistance at $0.24–$0.25. A push above this resistance could target $0.26, $0.28, and $0.31, while a breakdown below $0.22 risks testing $0.21 and $0.19. Analysts See a Dogecoin (DOGE) Breakout Potential Trader Tardigrade applied Elliott Wave Theory, identifying DOGE in the final leg of a correction that typically precedes a strong motive wave. This pattern has historically led to trend continuation, raising expectations of a rebound toward $0.30 or higher if buyers reclaim control. Meanwhile, chart analyst Umair emphasized the $0.25 level as a crucial pivot. According to him, “recovering this will lead to 31c,” while failure to hold could drag DOGE back toward $0.1949. Technical indicators also reflect this uncertainty. The Relative Strength Index (RSI) sits near 57, suggesting balanced momentum without overbought pressure. Price remains squeezed between a rising trendline and horizontal resistance, awaiting confirmation of direction. Market Sentiment and Catalysts Market sentiment around Dogecoin is mixed. Data from MarketProphit shows cautious optimism among traders, though broader models remain reserved. External factors are also adding intrigue: the Federal Reserve’s softer stance on crypto banking has boosted sector sentiment, while Thumzup’s $50M acquisition of Dogehash positions the company as the largest Dogecoin mining operator to date. On lower timeframes, analysts have also flagged a potential 2-hour bull flag pattern, though its validation depends on DOGE’s ability to close back within the flag zone. If confirmed, this could strengthen the bullish case for a rally beyond $0.25. For now, Dogecoin is at a crossroads. With price consolidating tightly near support and resistance, traders are preparing for a decisive move that could set the tone for the coming weeks. Cover image from ChatGPT, DOGEUSD chart from Tradingview

Avino Silver & Gold Mines (TSX, NYSE-A: ASM) said Monday it has bought down and extinguished all royalties and remaining payments for full ownership of its La Preciosa project in Durango, Mexico. It paid $13.25 million up front and agreed to an $8.75 million deferred payment in a year. The move is aimed at lowering the project’s operating cost profile ahead of mining to start this year. Management views the transaction as beneficial for net asset value. It says it simplifies La Preciosa’s cost structure and retains more value for shareholders and communities. “This cornerstone asset is now materially unencumbered,” CEO David Wolfin said in a press release. “This transaction represents a unique investment opportunity for Avino, as operators rarely get the chance to increase project value through the purchase of previously granted royalties.” In Mexico, producers have been consolidating and adding growth projects, underlining focus on high‑grade, near‑mill feed and clear paths to cash flow. Endeavour Silver (NYSE: EXK; TSX: EDR) is ramping its new Terronera mine in Jalisco toward 1,900–2,000 tonnes per day. Pan American Silver (TSX, NYSE: PAAS), which won Mexican competition clearance for its acquisition of MAG Silver (TSX, NYSE: MAG) and the Juanicipio interest, reflects the market’s push for scale and long‑life silver ounces. Silver gains Silver is up 30% from a year ago on rate‑cut expectations and industrial demand, lifting silver‑miner equities, analysts have noted. Silver prices held steady around $38.80 per oz. on Monday, hovering near their highest levels since 2011 amid bets on US Federal Reserve policy easing next month. Avino shares rose 6% or C$0.34 on Monday afternoon in Toronto to C$5.92. The stock has more than quadrupled this year and has a market capitalization of C$869 million. The buyback removes a 1.25% net smelter returns royalty on the Gloria and Abundancia areas and a 2% gross value royalty elsewhere, Avino said. It also eliminated a discovery-linked payment of $0.25 per silver‑equivalent oz. on new reserves declared outside the resource area. The company used its about $48 million in cash on hand for the up-front cheque. It says the deferred payment is like a production payment it plans to make within a year of starting production from the deposit. The royalty clean‑up aligns La Preciosa with that backdrop and with Avino’s plan to shift to a mainly silver mix as it brings Gloria and Abundancia online. Coeur completed a feasibility study on La Preciosa in 2014, but that open-pit plan doesn’t represent Avino’s development concept. The company has a plan to grow from one to three producing assets by the end of the decade. The news follows on the bonanza silver exploration results reported this month at La Preciosa. The company is driving the 360‑metre San Fernando access decline toward the Gloria and Abundancia veins and plans to add La Preciosa material into its mine plan. More drilling Surface drilling at La Preciosa is slated to run to the end of October to support mine planning and modelling. Avino aims to update the Avino and La Preciosa mineral resources and publish initial reserves as it moves it into production. La Preciosa hosts a 2023 indicated resource of 17.4 million tonnes grading 176 grams silver per tonne and 0.34 gram gold per tonne for a silver-equivalent grade of 202 grams per tonne. The deposit holds 99 million oz. silver and 189,000 oz. gold, or 24 million silver-equivalent ounces. It holds another 4.4 million tonnes inferred at 151 grams silver and 0.25 gram gold for 170 grams per tonne silver-equivalent, for 21 million oz. silver and 35,000 oz. gold, or 24 million oz. silver-equivalent. Including the Avino mine and its planned oxide leach expansion, the company has global measured and indicated resources of 53.1 million tonnes grading 100 grams silver per tonne and 0.47 gram gold per tonne (162 grams per tonne silver-equivalent) for 171 million oz. silver and 799 million oz. gold, or 277 million oz. silver-equivalent.

Galan Lithium (ASX: GLN) said on Monday it is proceeding with a proposed A$20 million ($13 million) private placement for its Hombre Muerto West (HMW) lithium project in Argentina following the completion of due diligence by The Clean Elements Fund. As previously announced on June 20, Clean Elements will purchase nearly 182 million of Galan’s shares at a price of A$0.11 each, representing a 21% premium at the time. The purchase will be made in two equal tranches of A$10 million, with the first closing within five business days and the second tranche closing no later than Nov. 22. At market close Monday, the stock traded at A$0.14 apiece, giving the Australian lithium developer a market capitalization of A$135 million ($87.5 million). The proceeds are expected to fund the Phase 1 construction activities at the HMW project in Catamarca province, which is targeting a 4,000-tonne-per-annum lithium carbonate equivalent operation capable of producing a 6% lithium chloride concentrate product. First output is scheduled for the first half of 2026, with a projected mine life of 40 years over four phases. Upon completing the ramp-up, its production capacity would rise to 6,000 tonnes per annum. First production on track “With the support of Clean Elements, Galan now has the funding certainty to complete Phase 1 construction at HMW and is firmly on track to deliver first lithium chloride concentrate production in H1 2026,” Galan’s managing director Juan Pablo Vargas de la Vega said in a press release. The due diligence by Clean Elements – an existing shareholder – has confirmed HMW is “an exceptional lithium project, combining substantial scale and grade with execution capability that places it among the best globally,” he added. Last month, the $217 million HMW project was approved for the new incentives program in Argentina known as RIGI (Régimen de Incentivo para Grandes Inversiones), which provides a reduced corporate income tax rate of 25% and fiscal stability for 30 years. It is the sixth project to be accepted into the program. “This is a major milestone for Galan that will further strengthen HMW’s global competitive position as a future low-cost producer,” de la Vega commented in a July 28 press release. .

The US Dollar has been at the center of significant volatility over the past few weeks, navigating a softer NFP release at the beginning of the month, a notably stronger PPI report, and a Federal Reserve Chair Powell who was interpreted as dovish despite his measured tone. This led to a drop in the Greenback last Friday, followed by a minor rebound in today's session. On the other hand, the Swiss Franc hasn't pursued its strengthening trend against its major counterparts as the Swiss National Bank got caught in a massive disinflationary trend, forcing their dovish tone. As a reminder, Switzerland has achieved one of the worst tariff deals with the US, with the Swiss products marked up 39% as they arrive in the US, hurting their export-oriented economy. USD/CHF was one of the FX pairs that saw the most consistent decline throughout the start of 2025, dropping by as much as 14.77% from peak to trough. The 2025 and 14-year lows sit at 0.7875. However, since its lows were formed with a double bottom, the pair is now trading back above the key 0.80 psychological level. Current price action is now reflecting indecision from a confluence of technical patterns. We will examine how these patterns are influencing the current price action and identify potential breakout levels for upcoming trading. Read More: Ethereum and cryptocurrency markets send worrying signs despite last Friday's spikeUSDCHF Multi-timeframe technical analysisUSDCHF Daily Chart USDCHF Daily Chart, August 25, 2025 – Source: TradingView Bulls have rebounded sharply from the Friday down-move in the pair, but looking at the past 9 days of price action hasn't led to much. Prices are holding within the Daily pivot zone between 0.80 and 0.81 as the 50-Day MA flattens right in the middle, acting as a consolidation magnet. Also, the 2025 downwards trendline should be acting as immediate resistance but it seems that the mix between current zig-zags in the US Dollars supplemented by a dovish SNB don't help to gain direction. This is why the current Pivot limits should serve as good technical breakout points: Either a break above or below, followed by a consolidation or a retest of the higher/lower bound should see continuation. If buyers and sellers fail to step in, the price action promises to be rangebound even further. Let's try to look closer to see if there's any element in shorter timeframes allowing to tilt the scales. USDCHF 4H Chart USDCHF 4H Chart, August 25, 2025 – Source: TradingView The action from today's session may give the intermediate hand to the Bulls as bears have failed to push the action below the 0.80 psychological handle despite a strong selloff in the US Dollar amid a dovish interpretation of Powell's speech (you can access it right here). However, bulls will have to break both the current 0.8070 highs as intermediate resistance (getting tested as we speak) and closing strongly above 0.81 if they want to regain early 2025 levels. Levels of interest for USDCHF trading: Support Levels: 0.80 Immediate Pivot0.7950 bull Pivot0.7875 to 0.79 Main SupportResistance Levels: 0.8070 high volume zone within Pivot (getting tested)0.81 Pivot highsMain resistance 0.8150 to 0.82 (0.8170 July 31st Highs)USDCHF 1H Chart USDCHF 1H Chart, August 25, 2025 – Source: TradingView Looking at the 1H timeframe allows us to spot further details within the ongoing consolidation pivot. The lows of the consolidation pivot that preceded today's rebound are located between 0.80 to 0.8020 and the highs are between 0.8090 to 0.81. Buyers have the immediate advantage but will have to face current short-timeframe overbought conditions within a range, tough times amid unchanging fundamentals. Track any breakout to support analysis for upcoming trading. Failure to break concisely above or below the boundaries of the Pivot would reinforce the current range. 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.

Ethereum has become the default settlement layer engine of decentralized finance, and Tom Lee, the co-founder of Fundstrat Global Advisors, has recently expressed a bullish stance on ETH that was far from a random call. This dominant position explains why Lee’s confidence in ETH is rooted in speculation and the backbone of digital finance. How Ethereum Powers The Largest Share Of Decentralized Finance In an X post, analyst AdrianoFeria has highlighted that Tom Lee, the co-founder of Fundstrat Global Advisors, has chosen ETH because it is the default choice for stablecoins, tokenization, and DeFi, and the very rails on which the future of finance is being built. Ethereum is the internet of finance, and Wall Street is finally waking up to the reality. Tom Lee and more high-profile figures of institutional finance are entering the ETH race and quietly building positions. The analyst noted that Ethereum treasuries are not just decentralized asset trackers (DATs). Rather, they are the perfect vehicle for influential billionaires who are late to ETH to gain leveraged exposure, while gifting early investors an entire army of mainstream ETH bulls who will defend their allocation in the media and beyond. He has also stated that the representation of these treasuries and the capital flowing in is not just retail noise anymore, but is big money with a megaphone. The people backing Ethereum are changing the story at the highest levels of finance, and ETH is getting closer to cementing its role as the backbone of global markets. However, this isn’t Bitcoin’s game anymore. It’s Ethereum’s internet of finance, and the smart money knows it. For those still clinging to the tired argument that ETH isn’t a store of value, the market has been slapping that narrative down for a decade. Despite endless FUD from no-coiners and even insiders, ETH has been the best-performing asset in the world over the last ten years. Why ETH’s Volume Momentum Could Matter For Bulls Following its recent upward trend to a new all-time high, AdrianoFeria also revealed that the ETH momentum over the past three months has been more than just price appreciation. It has been a showcase of growing market dominance. Unlike most altcoins, ETH has consistently brought higher trading volume on exchanges compared to any other crypto asset, including Bitcoin. ETH’s volume has been trending upward steadily, while signaling sustained investor interest and market activity. The widening gap between ETH and BTC trading volumes underscores a shift in market attention, and as ETH/BTC continues to climb, more traders and institutions are prioritizing Ethereum.

Mastering Retracements in Trading: A Practical Guide Mastering Retracements in Leverage Trading Retracements are one of the most powerful tools in technical analysis, and understanding how they work can significantly improve your trading results. In this article, we’ll break down why retracements work and how to trade them effectively using a common-sense approach. Why Do Retracements Work in Trading? Retracement levels are widely used by traders to identify potential reversal or continuation points within a trend. Most traders rely on Fibonacci retracement levels such as 38.2%, 50%, and 61.8%. These levels aren’t magical or based on some supernatural force. they work because so many traders use them. The logic is simple: the more market participants watch the same levels, the more likely those levels become self-fulfilling. When price approaches a popular Fibonacci level, traders react, creating market behavior that often respects those zones. This collective action increases the significance of these retracement levels. How to Use Retracements in Trading: A Common-Sense Strategy To trade retracements successfully, you need to look beyond just the chart and understand market dynamics. Instead of reacting blindly to price movement, think of retracements as opportunities to enter in the direction of the trend. Here’s the basic concept: In a trending market, prices often become overbought or oversold. The market then needs a shakeout to eliminate weak hands before continuing its move in the direction of the trend.. For example, in a downtrend, price will occasionally retrace upward. This upward move shakes out weak short positions before the next leg down. In an uptrend, price will occasionally retrace downward. This downward move shakes out weak long positions before the next leg down. When the retracement ends and the trend resumes, there is often a lack of buying (selling) interest combined with fresh selling (buying) pressure, which accelerates the move back in the direction of the trend. In other words, with positions reduced there is less ability for a market to absorb fresh buying (selling) in the direction of the prevailing trend. Some call it buy the dip or sell the blip once the retracement bottoms (tops) out. This is why, after a retracement stalls, the next move often pushes to a new low (in a downtrend) or a new high (in an uptrend) before any real reversal happens. Price Action Clues During Retracements If the market fails to make a new low or high after a retracement, it can signal that the trend is losing momentum. This is an important observation for traders who want to avoid being caught on the wrong side of the market. For instance, look at GBPUSD after the large spike higher as the currency retraces off the high. To signal another leg up, 1.3544 would need to be broken once the retracement bottoms out. Any failure to do so would indicate a risk of a top and a reversal. Leverage trading GBPUSD 4 HOUR CHART (38.2% tested) FIBOS (Fibonacci levels for GBPUSD 1.3390 => 1.3544 Summary: Common Sense Approach to Trading Retracements Retracements often occur because the market needs to correct extreme positions. Fibonacci levels work because they are widely followed, creating psychological support and resistance zones. When a retracement stalls and reverses, it usually signals trend continuation, provided the market breaks to a new low or high. If the market fails to make a new extreme after a retracement, it could indicate a potential stall or trend reversal. Always confirm your analysis with technical indicators and keep an eye on key chart levels that might signal a true reversal instead of just a retracement. Retracements aren’t just random pullbacks. They are opportunities for smart traders. By understanding why they happen and how to use them, you can anticipate price action, improve your entries, and trade with odds tilted on your side. Leverage trading Take a FREE Trial of The Amazing Trader The post Mastering Retracements in Trading appeared first on Forex Trading Forum.

The XRP price action continues to dominate analysts’ discussions as bullish technical setups point toward a potential breakout. Popular crypto analyst Dark Defender has shared insights that reinforce this bullish sentiment, noting that regardless of which technical framework traders apply, the outcome points to the same conclusion: XRP is poised to explode. XRP Price Predicted To Explode Soon Dark Defender has declared that “all roads lead to Rome” as XRP’s long-awaited Cup and Handle formation is now nearing completion. On the weekly chart, XRP successfully carved out a rounded cup portion after months of consolidation. The cryptocurrency is finishing the “handle” portion of the pattern, a final corrective move before a potentially powerful breakout. In addition to the Cup and Handle pattern, Dark Defender highlighted in his post on X social media that Elliott Wave analysis aligns with this bullish theory. The ABC correction within the handle suggests that XRP may have already finalized its retracement, now positioning itself higher for the next impulsive wave. Fibonacci retracement levels further confirm this setup, with price action reportedly holding firmly above the 23.06% retracement at $2.85 and establishing strong support for the next move. Dark Defender emphasized that the next major target for XRP could be as high as $5.85, corresponding with the 261.8% Fibonacci Extension level. According to the analyst, the convergence of multiple technical methods—whether through the Cup pattern, historical patterns, or Elliott Wave—all confirm the same bullish outcome for XRP. Bull Flag Scenario Repeats Another critical factor adding to the bullish sentiment is XRP’s possible repeat of a Bull Flag formation that has historically preceded breakouts. In a new analysis on X, Dark Defender referenced a scenario from November 2024, when XRP was trading at $1.13. At the time, the analyst anticipated a move toward $2.40 based on a Bull Flag setup. That pattern played out successfully, with the cryptocurrency’s price rallying exactly as predicted. Now, XRP appears to be setting up for a repeat performance. On the current weekly chart, the cryptocurrency is consolidating within another Bull Flag following a sharp upward leg. The flag is tightening just above the $3 mark, with immediate support levels at $3 and $2.85. Dark Defender indicated that holding these levels is critical, as it could validate the bullish continuation pattern and potentially set the stage for the next breakout. Based on the analysis, the upside targets of this Bull Flag formation are substantial. Fibonacci extensions identify XRP’s next bullish targets at $3.35 (70.2%), $4.39 (161.8%) and an ultimate move toward $5.85 (261.8%). Dark Defender has highlighted that this repeating pattern is a clear signal that XRP is getting ready for its next major bullish phase, just as it did in late 2024.

Bitcoin is entering a pivotal moment after failing to secure a close above the highly watched $125,000 all-time high. The rejection at this level triggered a sharp retrace, leaving bulls defending critical demand zones around $110,000–$112,000. This range is now seen as the line in the sand that could determine whether BTC resumes its bullish trajectory or faces deeper consolidation. Market analysts remain divided. Some highlight the resilience of buyers who continue to absorb selling pressure and maintain higher lows. Others, however, warn that failing to reclaim momentum soon could give bears the upper hand and accelerate a correction. Top analyst Axel Adler expressed caution, noting that large sellers have appeared on centralized exchanges in recent sessions. According to Adler, what’s concerning is that these sellers seem to lack proper execution strategies such as TWAP (Time-Weighted Average Price), which could amplify volatility and put further pressure on short-term price action. Despite these red flags, overall CEX Netflow remains green, signaling that buyers are still in control for now. However, Adler warns the balance is shifting: if sellers continue to increase their presence, buyers may soon be outnumbered, potentially tipping Bitcoin into a more pronounced downturn. Bitcoin Bulls Face A Test As Focus Shifts To Ethereum According to Axel Adler, this phase in Bitcoin’s cycle highlights the changing dynamics of institutional and corporate interest. Adler points out that “right now would be the perfect time for Saylor & Co. to step up their buying,” referencing Michael Saylor and other high-profile corporate investors who have historically supported Bitcoin at key levels. However, Adler also stresses that the corporate sector’s attention has clearly shifted toward Ethereum, where accumulation and leverage activity have been dominating headlines. This Ethereum frenzy, fueled by both whale accumulation and institutional inflows, has contributed to Bitcoin’s current stall. While ETH rallies toward new highs and captures market liquidity, BTC has consolidated, failing to generate the same momentum seen earlier in the year. For many analysts, this isn’t necessarily bearish—it reflects a rotation of capital within the crypto ecosystem. From a technical perspective, Bitcoin is testing its previous ATH zone as support, a critical level that bulls must defend. Holding this range could validate the current consolidation as healthy before a new push higher. However, a failure here could open the door to deeper corrections, especially if capital rotation into ETH continues at the current pace. Testing Support At A Pivotal Level The daily Bitcoin chart shows price under pressure after failing to sustain momentum above $123K and reversing sharply lower. BTC is now trading near $111,829, just above the 100-day moving average at $111,567, which is emerging as critical short-term support. The 50-day moving average at $116,544 has flipped into resistance after last week’s breakdown, highlighting a weakening bullish structure. This zone around $111K–$112K is decisive. A confirmed close below would open the door for deeper downside, potentially targeting the 200-day moving average near $100,866, which coincides with a major psychological threshold at $100K. On the upside, bulls must reclaim the $115K–$116K region to regain momentum and set up another attempt at the $123K ATH. Price action shows that sellers have recently been in control, as reflected by consecutive lower highs and a failure to hold demand above $115K. However, as long as BTC maintains the 100-day MA, the broader uptrend remains intact, suggesting this could develop into a consolidation phase rather than a full reversal. Featured image from Dall-E, chart from TradingView

Aris Mining (TSX: ARIS; NYSE-A: ARMN) is set to leave Canada with the sale of its Juby gold project, its sole Canadian asset, to McFarlane Lake Mining (CSE: MLM) in an investment deal scaled up to $25 million. The deal is to see Aris become a 19.9% shareholder in McFarlane Lake, and consists of up to $15 million in bridge financing from a syndicate of lenders and a non-brokered equity offering of up to $10 million, the company reported Monday. The specified terms of the deal bring more structure to it than when it was previously announced last month. Juby is located in Northern Ontario, roughly between Timmins and Sudbury. “Execution of this transaction allows McFarlane to take hold of what I believe is one of Ontario’s premier undeveloped gold deposits,” McFarlane Lake Chair and CEO Mark Trevisiol said in a release. “It represents the first step in the process of unlocking value at the Juby Gold property, in a gold market where almost all producers are experiencing unprecedented cash flows.” Aris, led by CEO Neil Woodyer who also founded Endeavour Mining (LSE, TSX: EDV) and Leagold Mining, has its main projects in South America. While the McFarlane deal ends the company’s projects in Canada, it hasn’t stated any plans to move its Vancouver headquarters or delist from the TSX. Colombian mines Its primary Segovia mine is in Colombia’s historical Antioquia district where a second mill joined production last month as it aims for 300,000 oz. output next year. Bringing the Marmato bulk‑mining project online by the end of next year could push total production above 500,000 oz. once fully ramped. Juby is an exploration project hosting 21.3 million indicated tonnes grading 1.13 grams gold per tonne for 773,000 oz. contained oz., according to a 2020 resource. It also hosts 47.1 million inferred tonnes at 0.98 gram gold for 1.4 million contained ounces. Resource update McFarlane has also started working on a resource update for Juby and plans to drill about 10,000 additional metres on the project, work that is expects will raise Juby’s ounces, the company said earlier this month. McFarlane shares shot up 27% to a new year-long high of C$0.09 apiece on Monday morning in Toronto, for a market capitalization of C$27.8 million. The bridge financing portion of the deal is to fund the cash portion of McFarlane’s acquisition bid for Juby as well as an interest in Aris’ nearby Knight properties. McFarlane has the option to raise the bridge financing to up to C$20 million. The company will issue lenders up to 48 million common shares in the deal at 15¢ each. In the equity offering, McFarlane is to issue up to 92.6 million common and flow-through shares at C$0.15 apiece to raise up to C$10 million. The deals are expected to close by Sept. 11.

Ethereum has once again made headlines by climbing to a fresh all-time high, confirming the strength of its ongoing uptrend. However, despite the bullish price action, warning signs are flashing on the technical front as the Relative Strength Index (RSI) shows a rare divergence. With price pushing higher but momentum indicators losing steam, ETH now faces a critical test on its path toward the much-anticipated $5,000 milestone. Ethereum Breaks Record With Weekly Close Above $4,600 GrayWolf6, in a recent post on X, highlighted that ETH has achieved a significant milestone by closing the weekly candle above $4,600. This level had previously marked the highest weekly close, and as anticipated, ETH went on to set a new all-time high (ATH) last week. Currently, ETH is trading within the upper resistance zone of the $3,900–$4,800 range. This region is historically challenging and could invite selling pressure as traders look to secure profits. GrayWolf6 noted that his outlook is for ETH to attempt a push beyond the $5,000 mark. Such a move would not only confirm strong bullish momentum but also open the door for further upside targets as buyers maintain control of the trend. He added that the $5,100 level is especially critical to watch in the coming days. GrayWolf6 concluded by stating that he will be monitoring developments closely throughout the week and sharing updates accordingly. Choppy Price Action Likely As Market Tests Momentum Another analyst, Cryptonite, recently shared an update highlighting the mixed signals currently appearing on Ethereum’s chart. He noted that the chart is presenting a rare and somewhat messy pattern, where price has been making higher highs while the RSI has printed lower highs, a classically bearish divergence. However, the RSI is also showing higher lows, which signals that the downside momentum may not be as strong as it initially appears to be. This unusual setup has left ETH in a rather complex position. Cryptonite explained that as long as the RSI maintains these higher lows, the long-term outlook remains favorable for the bulls, despite the short-term volatility. This makes sense given that ETH is currently trading around its all-time high levels, a zone that naturally attracts both profit-taking and renewed buying interest, leading to unpredictable price swings. Another factor worth watching, according to Cryptonite, is trading volume. Despite ETH recording higher highs in price, volume has been declining, which could be a warning sign of weakening momentum. Until stronger participation returns, ETH’s next major move may remain uncertain, with volatility likely to dominate in the short term.

Kenorland Minerals (TSXV: KLD) has reported more high-grade assays from the Frotet project in northern Quebec with an initial resource on its Regnault gold system due in the months ahead. The latest assays include 12.15 metres grading 26.33 grams gold per tonne from 500.15 metres down hole 25RDD261 on the R6 vein, with intervals of 1.8 metres at 99.64 grams gold and 1.2 metres at 93.48 grams gold, Kenorland reported on Monday. Infill drilling along the same R6 structure in hole 25RDD257 cut 14.4 metres averaging 3.45 grams gold from 526.7 metres down, including 4.6 metres at 7.51 grams. Hole 25RDD257 targeting the R1 vein returned 7.8 metres grading 13.98 grams gold from 283 metres depth, with an interval of 1.15 metres at 81.01 grams. “Step-out and infill drilling during the 2025 winter program has continued to confirm the scale, continuity, and high-grade nature of the Regnault system,” the company said in a release. “Step-out holes returned some of the most significant mineralisation intersected to date, remaining open and highlighting strong potential for growth at depth.” The assays, following similar results a year ago, come as Japan’s Sumitomo Metal Mining assumes operatorship at Frotet and hires a consultant to work on an initial resource for Regnault expected in late 2025 or early 2026. Kenorland, backed by a 9.9% investment from Centerra Gold (TSX: CG; NYSE: CGAU,) retains a 4% net smelter return royalty. Monday’s assays were the last 13 of 34 drill holes completed in the nearly 23,000-metre winter program at the site about 800 km north of Montreal in the Chibougamau region. Uptick Shares in Kenorland gained 1% to C$2.02 apiece in Toronto on Monday morning, valuing the company at C$158.4 million. They’ve traded in a range of C$0.96 to C$2.32 over the past year. Infill drill hole 25RDD260 along vein R2Ereturned 9 metres at 2.58 grams gold including 0.7 metre at 17.9 grams. Several narrower intervals included 4.5 metres at 18.06 grams gold from 405.8 metres in hole 25RDD259 on the R5 structure; 4.8 metres at 9.85 grams gold from at 396 metres in hole 25RDD264 on the R6 system; and 1.7 metres at 31.59 grams gold starting at 85 metres in hole 25RDD258 of the R9 vein. The company is also advancing a portfolio of early-stage gold projects in Ontario. In June, Kenorland signed an option agreement with Centerra to explore the Flora, Western Wabigoon and Algoman properties. Centerra can earn up to a 70% interest by funding exploration and advancing the projects to a preliminary economic assessment, while Kenorland would retain a 30% interest carried through to prefeasibility.

Silver held firm on Monday despite losing steam from last week’s rally, as investors continue to weigh the outlook on US interest rates. Spot price traded around $38.90 an ounce for a 0.1% intraday loss. Earlier, it had briefly touched $39 for the first time in a month. In New York, silver futures were 0.6% lower at $38.82 per ounce. Click on chart for live prices. The precious metal is coming off a 2% gain last week, amid rising speculation of a Federal Reserve rate cut next month. A speech by Fed Chair Jerome Powell on Friday solidified those expectations, with markets now seeing a near 90% chance of a September rate cut. Like gold, silver tends to perform well during a low-rate environment, as these metals yield no interest. Backed by rising demand for hard assets, silver has risen by more than 34% year to date, even outpacing gold’s performance. “Powell’s remarks fueled the conviction that policy easing lies ahead,” Pepperstone research strategist Ahmad Assiri said in an emailed note to Bloomberg on Monday. Looking ahead, “further signs of labor market softness would strengthen the case for cuts and amplify demand” for precious metals, he added. (With files from Bloomberg)

The US government has added copper, potash and silicon to its draft list of critical minerals, in the most significant overhaul since the it was first published in 2018. The update, mandated every three years under the Energy Act of 2020, follows the 2022 version and now includes 54 minerals. Six were proposed for addition—copper, silicon, potash, silver, lead and rhenium—while two, tellurium and arsenic, were removed. Copper and silicon were included because of the severe economic consequences that supply disruptions could trigger in refined forms, the US Geological Survey (USGS) said. Lead and rhenium, which narrowly missed the 2022 cutoff, were added under the new methodology. Potash was also included after updated modelling flagged the risks of potential trade barriers from major suppliers, particularly Canada. Silver was added to hedge against a low-probability but high-impact disruption scenario in Mexico. Tellurium was dropped as the US has shifted from net importer to exporter following increased domestic production. Arsenic was removed after revised data showed Peru, not China, is the leading producer, lowering the risk of supply disruption. Three types of minerals For the first time, critical minerals are divided into three risk categories: high, elevated and moderate. The new methodology also considers the economic fallout of supply shocks and highlights “single points of failure,” where reliance rests on a sole domestic producer. The assessment spans 84 mineral commodities, 402 industries and more than 1,200 scenarios, which the USGS says offers a more realistic and usable framework for policymakers. The 2025 draft underscores how evolving market conditions and new data are reshaping Washington’s view of supply vulnerabilities. The final list will be published after a 30-day period of public comment.

Ivanhoe Mines (TSX: IVN) says it is moving onto the second phase of its Kamoa-Kakula dewatering plan after four new high-capacity, submersible pumps arrived on site and are undergoing installation. Operations at Kamoa-Kakula, the largest copper producer in Africa, were disrupted earlier this year after seismic activity caused severe flooding of the underground mine, particularly the eastern section. Mining activities were halted for approximately three weeks following the May 18 incident. In an effort to gradually restore mining operations at Kamo-Kakula, Ivanhoe, as the operator, proceeded with a three-staged dewatering plan. The first stage, which was to stabilize and maintain current water levels with temporary pumps, was completed on June 2, allowing the company to resume mining at Kamoa West. The second stage requires the installation surface-mounted pumps and new permanent infrastructure to fully dewater the mine. According to the company, two of the new 4.2-megawatt pumps are expected to be operational by month-end, and the remaining two by mid-September. These pumps will be fully submerged until the end of November, when the majority of the dewatering is expected to be completed. In a note published by BMO Capital Markets on Monday, analyst Andrew Mikitchook said the “update matches previously guided timelines for dewatering Kakula”. Shares of Ivanhoe Mines gained 0.8% to C$11.80 apiece during the morning trading hours, taking its market capitalization to C$15.9 billion ($11.5 billion). Guidance reinstated soon Ivanhoe noted that the western side is expected to be fully dewatered within eight weeks, which would allow the company to regain access to the higher-grade areas relatively quickly. As such, mining grades are expected to improve notably towards year-end. Also in late 2025, the third stage of dewatering activities will start, involving the use of existing horizontal pumping infrastructure to dewater the remaining areas deep on the eastern side. Additionally, as water levels subside, rehabilitation will commence immediately as required. Selective mining within the existing workings at Kamoa East could start in the first quarter of 2026, the company said, adding that a life-of-mine plan, to be included in an updated technical report, is also expected around that time. While the Kamoa-Kakula team continues with the dewatering efforts, Ivanhoe’s management expects to deliver a copper production outlook for 2026 and 2027 in mid-September. Due to the disruptions this year, the company has already revised down its 2025 guidance by 28% to between 370,000-420,000 tonnes of copper in concentrates. BMO’s Mikitchook previously said in a note that “management’s goal is to return Kamoa-Kakula to similar throughputs as previously planned by 2027.” The company recently said that mining rates at the western section of Kamoa-Kakula had recovered to about 300,000 tonnes per month, with both concentrators running at 80–85% capacity, as of mid-June.

The Australian dollar has steadied on Monday after posting sparkling gains of 1.1% on Friday. In the North American session, AUD/USD is trading at 0.6503, up 0.18% on the day. Powell sends US dollar sharply lower The US dollar retreated against all the major currencies on Friday, including the Australian dollar. This followed Federal Reserve Chair Powell's dovish speech at a meeting of central bankers' in Jackson Hole. Powell discussed the two key concerns for the Fed - inflation and employment. He noted that upside risk to inflation due to tariffs and expressed concern about the labor market, saying that "downside risks to employment are rising" and such risks could materialize quickly. The markets seized on Powell's dovish comments about the employment picture, which bumped up expectations that the Fed will cut rates in September to around 85%. As well, a second cut before the end of the year is a strong possibility. The inflation and employment reports in the first week of September could be significant factors in the Fed's rate path in the fourth quarter. It remains to be seen how many times the Fed will lower rates before year's end but what is clear is that the prolonged wait-and-see stance is about to end. Will RBA minutes signal another rate cut? The Reserve Bank of Australia lowered rates by a quarter-point to 3.60% at the August 12 meeting. Investing will be combing through the minutes of that meeting on Tuesday. With inflation down to 2.1% in the second quarter, the decision to lower rates was a no-brainer. However, the Reserve Bank shocked the markets in July when it held rates rather than cutting, saying it needed to see additional inflation data. The central bank still remains very concerned about inflation, even though it downgraded it growth forecast at the August meeting to 1.7% from 2.1%. If the minutes focus on the country's weak growth, this could be a sign of further rate cuts and the Australian dollar could reverse its recent gains. AUD/USD Technical 0.6524 is a weak resistance line. Next, there is resistance at 0.6555There is support at 0.6469 and 0.6438 AUDUSD 1-Day Chart, August 25, 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.

Stocks continue to hold up after last week’s dovish interpretation of Powell’s remarks, with Friday’s rally still leaving US indices near their recent highs. While the current open is slightly lower than the Friday peak, the Dow Jones is still trading above its previous all-time highs, showing a picture of relative strength as Participants await further news. The Nasdaq is attempting to re-enter its upward channel and the S&P 500 has formed a short-timeframe double top, leaving the immediate bullish hand to the Dow Jones, the oldest of all US Indices. With earnings season close to finishing (Nvidia earnings are approaching, releasing Wednesday) and macro data delivering mixed signals, investors appear cautious on Tech but not willing to aggressively fade the latest strength due to the Dovish interpretation of Powell's Friday speech. The coming sessions may determine whether the ongoing small selling develops into a broader retracement or simply a consolidation before another push higher. Let's take a look at an Intraday chart for the Dow Jones. Read More: Ethereum and cryptocurrency markets send worrying signs despite last Friday's spikeDow Jones 4H Chart and technical levels Dow Jones 4H Chart, August 25, 2025 – Source: TradingView The Dow Jones broke new record highs on Friday, marking the current All-time highs at 45,757 (both CFD and actual index). However, the index just attained the highs of its intermediate upward channel, leading to the current profit-taking. Look for a break-retest at the previous ATH (45,283) for further bullish continuation. Bears will want to see a further correction from there to regain the immediate hand. Technical levels for the Dow Jones: Resistance Levels All-time high resistance 45,757ATH Resistance Zone 45,700 (+/- 150 pts)1.618 Fibonacci-Extension 46,260Support Levels Previous ATH resistance zone, now pivot 45,00045,283 previous ATH44,000 Main Support ZoneSafe trades and succesful trading week! 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.

Shiba Inu has been showing signs of preparing for a significant price move, and technical analysis is pointing to a bullish breakout on the macro timeframe. Although Shiba Inu is down by 2.8% in the past 24 hours, a chart pattern that has been forming over the past several months suggests that the token could be on the brink of a powerful rally. According to crypto analyst Javon Marks, the structure of SHIB’s price action is displaying an inverse head and shoulders pattern, which shows the possibility of a massive 540% price surge. Inverse Head And Shoulders Signals Explosive Move The analysis, which was shared on the social media platform X, shows how Shiba Inu has been shaping an inverse head and shoulders structure on the 5-day candlestick chart. Marks noted that the token is still in the “final shoulder areas” of the formation, meaning it has yet to fully confirm the breakout. Basically, this means that Shiba Inu is currently in the process of forming the right shoulder before confirming the breakout. The pattern has been forming for more than two years, as it goes as far back as the second half of 2022, where the troughs of the left shoulder formed between July and December 2022. The head of the pattern, which represents the deepest pullback in the structure, took form between September and November 2023 during the bear market low. Since that point, the chart has been unfolding into the right shoulder. If the pattern plays out as predicted, Shiba Inu could be ready for a run that stretches far beyond its current price range. This inverse head and shoulders bullish setup is one of the most recognized reversal patterns in technical analysis, as it often indicates the end of a prolonged downtrend and the beginning of a major rally. Price Target Points To 540% Upshoot Based on the inverse head and shoulders structure above, Javon Marks predicted a price target at $0.000081, which represents a 540% move from the current price of Shiba Inu. However, this is keeping in mind that the breakout has yet to occur, and the analyst’s prediction did not come with a timeline for this breakout. As such, this breakout move would require volume and possibly a bounce from a strong support level to validate the bullish pattern. If Shiba Inu were to surge to $0.000081 as predicted, this price range would place the token trading close to its all-time high of $0.00008616, which has stood for almost four years. Interestingly, Marks noted that this move might not end at $0.000081, and it could result in new all-time highs. At the time of writing, however, SHIB remains far below that projected target, trading at $0.00001263. This reflects a 6.2% decline from its 24-hour high of $0.00001347.

Ethereum has once again taken center stage in the crypto market after surging to a new all-time high above the $4,900 level on Sunday. The rally, which pushed ETH into uncharted territory, highlighted the strength of bulls after weeks of steady institutional accumulation and market momentum. However, the price did not hold these highs for long. Ethereum has since retraced, dropping back to the $4,600 region, where bulls are now attempting to establish support before the next move higher. This pullback has sparked debate among analysts. Some view the retracement as a sign of a potential local top, cautioning that ETH may require a period of consolidation before another breakout attempt. Others, however, remain firmly bullish, pointing to strong fundamentals and growing institutional interest as signals that Ethereum’s rally is far from over. Adding weight to the bullish case, key on-chain data reveals that Binance whales continue to position themselves heavily in Ethereum. Large spot and futures orders attributed to these players have been flowing consistently, particularly after ETH confirmed its positive trend. This steady accumulation suggests confidence in Ethereum’s long-term trajectory, even as short-term volatility continues to shape the market’s direction. Binance Whales Accumulate Ethereum According to top analyst Darkfost, Ethereum’s Average Order Size on Binance chart provides clear insight into the behavior of different cohorts, distinguishing between retail investors and whales. Since July, a significant shift has taken place: whale activity on Binance has surged. This reflects a growing trend of large-scale accumulation, with whale-sized spot and futures orders continuing to flow into the market as ETH edges closer to the $5,000 mark. What makes this trend particularly noteworthy is the timing of whale participation. Unlike retail investors, who often try to buy early and ride potential upside, whales tend to prefer entering once a bullish trend has been confirmed. Darkfost highlights that this pattern is evident now, as whale orders began accelerating only after Ethereum reversed its earlier downtrend and regained strong bullish momentum. This validates the idea that large players seek reduced risk and clearer confirmation before allocating capital at scale. With both retail and institutional participants aligning, the coming weeks could be decisive in determining whether ETH firmly breaks into new price discovery. If whales continue to buy at this pace, Ethereum’s rally could extend far beyond its 2021 highs. Testing Critical Support Level Ethereum (ETH) is currently trading around $4,598 after a sharp retracement from its new all-time high near $4,900. On the 4-hour chart, the structure shows that ETH is still maintaining a bullish trend, although momentum has cooled after last week’s explosive rally. The 50 SMA ($4,455) and 100 SMA ($4,435) are now converging just below current price levels, acting as immediate dynamic support. This cluster strengthens the bullish outlook as long as ETH can remain above it. A deeper drop toward the 200 SMA ($4,068) would signal a broader correction phase and potentially extend the consolidation before another push higher. The recent pullback shows that sellers are active near the $4,900–$5,000 region, which now forms a critical resistance. A breakout above this level would open the path to uncharted territory and likely accelerate momentum, with targets potentially stretching toward $5,200 and beyond. On the downside, failure to hold the $4,450–$4,400 support area could shift sentiment bearish in the short term, with traders eyeing $4,200 as the next key demand zone. Featured image from Dall-E, chart from TradingView

Cryptos have all shined on Friday after Powell's speech that largely got interpreted as dovish – One of my thesis was that these moves may have been slightly over-extended compared to what was actually said. Markets tend to act erratically with algorithmic movements and stops triggering leading to extreme moves that tend to be corrected after some proof-reading by some of the largest participants. The US Equities market is still around its Friday highs with the Dow Jones futures above their previous highs (down small on the pre-open session) indicating no strong correction from the recent upside. On the other hand, cryptos are looking a bit more skeptical – Ethereum broke a new record on Saturday ($4,956) before retracting lower, currently down 4% on the session. Bitcoin also retested $117,000 and quickly reversed back to around the $111,000 handle, retesting its support zone that will have to hold to avoid a more bearish short-term outlook. You can access our latest analysis for BTC right here to get your levels for upcoming trading. Read More: Markets Weekly Outlook - Fed Chair Pivot Ignites Rally Ahead of US PCE and Japanese Inflation DataA look at the Cryptocurrency market cap Crypto Market Cap, August 25, 2025 – TradingView Despite the new record in ETH, the rest of the market hasn't followed through with the Market cap correcting around 8% since. The chart is still far from bearish but this will have to be monitored to check if the bullish momentum inverts further. Crypto Market reversed from Friday gains Crypto Market overview, August 25, 2025 – Source: Finviz The picture is red, but most cryptos are still fairly close to their highs, I would suggest to look at risk-on/risk-off assets demand to assess if the mood gets better from here or not. Ethereum Daily and intraday chartsEthereum Daily Chart Ethereum Daily Chart, August 25, 2025 – Source: TradingView If the current picture stays like this, a double top combined with a bearish divergence (new highs in price ≠ new highs in RSI) could bring some decent reasons for Participants to take profit around here. Nonetheless, as always in Financial markets, if the price action was that bearish, prices would be much lower already. But these signs are not to be taken lightly and have to be monitored closely for upcoming trading. Ethereum 4H Chart Ethereum 4H Chart, August 25, 2025 – Source: TradingView Ethereum has retracted from its recent highs (ETH CFD not showing but actual coin traded to $4,956 highs, currently around $4,640) which allowed overbought momentum to cool down on shorter timeframes. As long as prices hold above the $4,000 to $4,095 (Dec 2024) pivot zone, the price action remains more bullish than bearish – but do keep an eye on the potential double top mentioned on the daily timeframe. Levels of interest for ETH trading: Support Levels: $4,200 consolidation Zone (minor support)$4,000 to $4,095 Main Pivot$3,500 Main Support ZoneResistance Levels: $4,950 Current new All-time highs$4,700 to $4,950 All-time high resistance zonePotential main resistance $5,230 Fibonacci extension.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.