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Solana found support near the $192 zone. SOL price is now attempting to recover from above $200 and faces hurdles near $215. SOL price started a recovery wave above $200 and $202 against the US Dollar. The price is now trading above $202 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $204 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another decline if it stays below $215 and $220. Solana Price Eyes Recovery Solana price extended losses below $200 before the bulls took a stand, like Bitcoin and Ethereum. SOL tested the $192 zone and recently started a recovery wave. The price was able to surpass the $200 and $202 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $242 swing high to the $191 low. Besides, there is a connecting bullish trend line forming with support at $204 on the hourly chart of the SOL/USD pair. However, the price faces many hurdles near $215. Solana is now trading above $205 and the 100-hourly simple moving average. If there are more gains, the price could face resistance near the $215 level. The next major resistance is near the $216 level or the 50% Fib retracement level of the downward move from the $242 swing high to the $191 low. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $230. Any more gains might send the price toward the $242 level. Another Drop In SOL? If SOL fails to rise above the $216 resistance, it could continue to move down. Initial support on the downside is near the $204 zone and the trend line. The first major support is near the $202 level. A break below the $202 level might send the price toward the $200 support zone. If there is a close below the $200 support, the price could decline toward the $192 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $204 and $200. Major Resistance Levels – $216 and $220.

Monday Trade Review:1H Chart of EUR/USD The EUR/USD pair continued its upward movement for most of Monday. It cannot be said that the dollar fell too sharply, but the decline has now lasted for two consecutive days. Nor can it be said that the threat of a U.S. government shutdown or Donald Trump's new import tariffs triggered a collapse of the dollar, although in the first half of 2025, such factors would almost certainly have done so. Thus, under current conditions, the U.S. dollar remains relatively stable. On the hourly timeframe, we have drawn a descending trendline, but it is rather tentative. On Monday, there were no important macroeconomic releases in either the U.S. or the Eurozone, which explains the day's low volatility. In our view, the dollar has no prospects for medium-term growth. Even if the market is currently ignoring the fundamental background, this cannot last forever. This week, the U.S. currency faces a significant number of risk factors, with new macroeconomic reports on labor, unemployment, and business activity due to be released. 5M Chart of EUR/USD On the 5-minute timeframe, several trading signals could be found on Monday, but all of them left much to be desired. We have adjusted the range 1.1737–1.1745, which is now the 1.1745–1.1754 area. Therefore, traders should work with this updated resistance zone today. How to Trade on Tuesday:On the hourly timeframe, EUR/USD still retains its downward tendency. The overall fundamental and macroeconomic backdrop remains unfavorable for the U.S. dollar, so we still do not expect the American currency to appreciate significantly. From our perspective, as before, the dollar can only count on technical corrections, one of which we are currently observing. On Tuesday, the EUR/USD is expected to trade within the 1.1745–1.1754 range. A bounce from this zone already occurred yesterday, which could lead to a decline with a target of 1.1655–1.1666. Breaking above this area would open the way for long positions with a target at 1.1808. However, we remind you that this week's macroeconomic backdrop will be strong, while Donald Trump is once again doing everything to push the dollar down. On the 5-minute timeframe, the following levels should be considered: 1.1354–1.1363, 1.1413, 1.1455–1.1474, 1.1527, 1.1571–1.1584, 1.1655–1.1666, 1.1745–1.1754, 1.1808, 1.1851, 1.1908, 1.1970–1.1988. On Tuesday, Germany is expected to release reports on retail sales, unemployment, and inflation, which may impact market sentiment. In the U.S., the JOLTs report will be published, although this release is not considered highly important. Core Trading System Rules:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.Stop Loss: Set a Stop Loss to breakeven after the price moves 15 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

Macroeconomic Report Analysis: There are several macroeconomic releases scheduled for Tuesday, with most of them originating from Germany. German data is important for the euro, as Germany is the largest economy in the Eurozone. However, it is still only one country out of 27, so market reactions to German reports are usually limited. Today's reports include retail sales, unemployment rate, changes in the number of unemployed, and inflation. Naturally, the most important release is inflation, which may rise to 2.3%. The higher the inflation, the better for the euro, since this reduces the likelihood of another round of monetary easing by the European Central Bank. In the U.S., the JOLTS job openings report will be released, while the UK will publish the final estimate of Q2 GDP. As we can see, there will be numerous reports, and some of them will undoubtedly trigger market movements. Fundamental Events Analysis: There will also be many fundamental events on Tuesday, but we will not cover every single speech of high-ranking officials. Yesterday alone, there were at least ten speeches from ECB and Fed representatives, which had virtually no effect on the market. The most important event of the day will be Christine Lagarde's speech, though even that may not generate significant trader interest. The ECB's monetary policy does not raise any major questions at the moment, so no important or loud statements from Lagarde should be expected. Only after the September inflation data is released might we see changes in ECB rhetoric. General Conclusions:On the second trading day of the week, both currency pairs may move in either direction, as a significant amount of macroeconomic data is released. The British pound has completed its downtrend, which suggests that the euro has likely also completed its own. For the euro, the 1.1745–1.1754 area remains relevant, as the price already bounced from it yesterday.For the pound, the 1.3413–1.3421 area has been broken through, and therefore new long positions with a target at 1.3466–1.3475 remain valid.Key Rules for the Trading System:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone. Stop Loss: Set a Stop Loss to breakeven after the price moves 15–20 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

Monday Trade Review:1H Chart of GBP/USD On Monday, GBP/USD also traded with a slight upward bias, but there is one important difference between the technical picture of the pound and that of the euro. The British currency consolidated above a fairly strong descending trendline and also broke through the key level of 1.3413. This strongly suggests that the pound's decline has ended. Recall that over the past two weeks the market used almost any reason to sell sterling, but overall the fundamental backdrop for the dollar remains much weaker. We tend to view the recent moves as just another correction within the broader uptrend, which will resume sooner or later. On Monday, there were no major events or reports either in the UK or the U.S., but plenty of important releases are expected throughout the week—most of them potentially negative for the dollar. It is important to understand: U.S. data will push the dollar lower only if the actual figures come in weaker than expected. For instance, Friday's NonFarm Payrolls forecast is just 40,000. It will not be difficult to exceed this number, but even then the figure itself would still be very weak in absolute terms. 5M Chart of GBP/USD On the 5-minute timeframe, two reasonably good buy signals were formed on Monday. First, the price broke through the 1.3413–1.3421 area, and then bounced off it from above. In both cases, novice traders could have opened long positions, but due to the day's low volatility, profits would have been limited regardless of the signal. The nearest target was not reached, but the price's position above 1.3413–1.3421 keeps the bullish outlook intact. How to Trade on Tuesday:In the hourly timeframe, GBP/USD has completed the formation of its downtrend. As we have noted, there are no fundamental reasons to expect prolonged dollar strength, so medium-term prospects still point northward. Recent developments in the UK and the U.S. did provide temporary support for the dollar, and its rise was justified. However, the broader fundamental background still works against it. On Tuesday, the GBP/USD may continue its upward move, as the downtrend appears to be over. Since the price has broken through the 1.3413–1.3421 area, novice traders may consider opening new long positions or holding existing ones, with the target at 1.3466–1.3475. On the 5-minute timeframe, the following levels may be used for trading: 1.3102–1.3107, 1.3203–1.3211, 1.3259, 1.3329–1.3331, 1.3413–1.3421, 1.3466–1.3475, 1.3529–1.3543, 1.3574–1.3590, 1.3643–1.3652, 1.3682, 1.3763. On Tuesday, the UK will release the final estimate of Q2 GDP, while the U.S. will publish the JOLTs job openings report. Neither release is considered highly significant, but with no other major events scheduled, they may still influence intraday sentiment. Core Trading System Rules:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.Stop Loss: Set a Stop Loss to breakeven after the price moves 20 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

As Bitcoin (BTC) continues to trade in the low $110,000 range, a key on-chain indicator has flipped bullish, show signs of an upcoming price rally that could propel the top digital asset to new all-time highs (ATH) in the near term. Bitcoin’s 600,000 Transactions Threshold Takes Center Stage According to a CryptoQuant Quicktake post by contributor Ibrahim Cosar, an important correlation between BTC price and the total number of transactions over time stands out. The analyst shared the following chart to highlight the relationship between Bitcoin’s price and the total number of transactions. Notably, whenever the total transaction count surges above the 600,000 level – or even approaches it – BTC’s price tends to initiate an upward move. The above chart shows three previous instances in 2025 when BTC’s total transaction count climbed beyond 600,000, with an ensuing price appreciation. In May, there was a sharp price increase shortly following Bitcoin’s transaction count jump. Similar combinations of transaction count increase and price action surge were witnessed in August and early September. The CryptoQuant analyst remarked that this pattern has become particularly evident since Q4 2024. Cosar added: I’ve been studying on-chain data for a long time, but it’s rare to see such a clear pattern. The 600K transaction threshold seems to act almost like a signal that triggers Bitcoin’s “price engine.” This is my personal discovery, and the chart confirms it quite clearly. The analyst stated that rising transaction activity on the network is a leading indicator of Bitcoin’s underlying usage and demand. As the number of transactions on the Bitcoin network rises, the network becomes more vibrant and active. The growing usage of the Bitcoin network creates a natural buying pressure on Bitcoin’s price, adding fuel to the cryptocurrency’s bullish momentum. According to Cosar, the 600,000 transaction level is an “activity explosion” threshold that leads to a “price explosion.” That said, the analyst cautioned that no single factor can completely influence BTC’s price, as it is dependent on a mix of various factors, including macroeconomic backdrop, regulations, and trading activity. Still, the significance of an on-chain indicator with such a strong correlation with BTC’s price should not be ignored. If the total transaction count rises past the 600,000 level again, expect BTC to hit a new record high. Will BTC Fall Below $100,000? Bitcoin’s inability to decisively break through its current ATH of $124,128, recorded on August 14, has bulls worried about the digital asset’s fading momentum. The cryptocurrency is currently at its most oversold level since April 2025. From a technical standpoint, BTC has formed a bearish evening star pattern on the weekly chart, raising the possibilities of a price dip below $100,000. At press time, BTC trades at $114,117, up 3.8% in the past 24 hours.

XRP price is attempting a recovery wave above the $2.850 zone. The price now faces a couple of key hurdles near $2.920 and $2.950. XRP price is slowly moving higher above the $2.850 support zone. The price is now trading above $2.850 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.8320 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $2.920. XRP Price Faces Resistance XRP price started a recovery wave after it found support above $2.720 and $2.770, like Bitcoin and Ethereum. The price was able to surpass the $2.80 and $2.850 resistance levels. There was a clear move above the 61.8% Fib retracement level of the downward wave from the $2.995 swing high to the $2.70 low. The bulls even pushed the price toward $2.920 before they faced resistance. Besides, there is a connecting bullish trend line forming with support at $2.8320 on the hourly chart of the XRP/USD pair. The price is now trading above $2.850 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.925 level or the 76.4% Fib retracement level of the downward wave from the $2.995 swing high to the $2.70 low. The first major resistance is near the $2.950 level. A clear move above the $2.950 resistance might send the price toward the $3.00 resistance. Any more gains might send the price toward the $3.050 resistance. The next major hurdle for the bulls might be near $3.120. Another Decline? If XRP fails to clear the $2.920 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.850 level. The next major support is near the $2.8320 level and the trend line. If there is a downside break and a close below the $2.8320 level, the price might continue to decline toward $2.770. The next major support sits near the $2.720 zone, below which the price could continue lower toward $2.650. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.8320 and $2.770. Major Resistance Levels – $2.920 and $2.950.

Key takeaways RBA steady, RBNZ dovish tilt: Australia’s central bank is expected to hold rates at 3.6%, while New Zealand’s weak labour market raises the odds of a more dovish RBNZ stance.Widening yield spreads: The 2-year and 10-year AU/NZ sovereign bond yield spreads are likely to widen further, favouring AUD strength over NZD.AUD/NZD strength: The cross pair has gained 5.8% since July 2025, hitting a three-year high of 1.1390, supported by relative macro and yield dynamics.Technical outlook bullish: Short-term bias stays positive for AUD/NZD above 1.1330 support, with scope to test 1.1435 and the long-term secular resistance at 1.1470. Australia’s central bank (RBA) is expected to keep its policy cash rate unchanged at 3.6% in today’s (30 September) monetary policy meeting after a third cut this year in August that marked a cumulative 75 basis points reduction. Australia’s labour market remains tight, while renewed inflationary pressures have emerged. The monthly CPI indicator climbed to 3% y/y in August 2025, its highest reading since July 2024, up from 2.8% in the prior month. The AUD/NZD cross pair has exhibited a multi-month Aussie outperformance over the Kiwi, where it rose by 5.8% since the July 2025 low of 1.0766 to hit a three-year high at 1.1390 at the time of writing. Let’s now examine a macro factor that still supports a continuation of strength in the AUD/NZD. A soft New Zealand labour market may trigger a further steepening of the AU/NZ sovereign bonds' yield spread Fig. 1: AU & NZ unemployment rate with yield spreads of AU/NZ government bonds as of 30 Sep 2025 (Source: TradingView) New Zealand's unemployment rate has accelerated to 5.2% in the three months through June 2025, its highest level since Q3 2020 during the onset of the pandemic. In contrast, Australia’s monthly unemployment rate for August 2025 slipped to 4.2% from 4.3% in July. The bleak labour market conditions in New Zealand increase the likelihood that the RBNZ will adopt a relatively more dovish monetary policy stance in the remaining months of 2025 compared to the RBA. The 2-year and 10-year yield spreads between Australian and New Zealand sovereign bonds are likely to widen further, which in turn could fuel additional upside pressure on the AUD/NZD cross rates (see Fig. 1). We will now focus on the short-term (1to 3 days) trajectory, key elements, and key levels to watch on the AUD/NZD from a technical analysis perspective. Fig. 2: AUD/NZD minor trend as of 30 Sep 2025 (Source: TradingView) Fig. 3: AUD/NZD long-term secular trend as of 30 Sep 2025 (Source: TradingView) Preferred trend bias (1-3 days) Bullish with key short-term pivotal support at 1.1330 on the AUD/NZD for the next intermediate resistance to come in at 1.1435 before a test on the 1.1470 long-term secular resistance (also a Fibonacci extension) (see Fig. 2). Key elements The price actions of the AUD/NZD have continued to oscillate within a minor ascending channel in place since the 18 September 2025 low of 1.1151 (see Fig. 2).The hourly RSI momentum indicator of the AUD/NZD has reached its overbought zone (above the 70 level), but it has not flashed out any bearish divergence condition. This observation suggests low odds of a bearish reversal for AUD/NZD (see Fig. 2).The 1.1470 long-term secular resistance of the AUD/NZD is defined as the upper limit of a 10-year-plus bullish basing configuration in place since April 2015 (see Fig. 3).In addition, the monthly MACD trend indicator of the AUD/NZD has managed to stage a rebound after a test of its ascending channel support right above the centreline. This observation suggests the potential start of a long-term secular bullish trend for the AUD/NZD, which increases the odds of a major bullish breakout above 1.1470 (see Fig. 3).Alternative trend bias (1 to 3 days) A break below the 1.1330 key short-term support for AUD/NZD invalidates the bullish scenario to kickstart a minor corrective decline sequence to expose the next intermediate supports at 1.1270 and 1.1205 (also the 20-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.

The Bitcoin price opened Monday with a slight recovery, reclaiming the $113,000 mark after a dip that brought the price down to $109,000—a level that has proven to be significant support for the top cryptocurrency. Despite this temporary bounce, one expert warns of further challenges ahead for bullish investors. Warns Of Further Bitcoin Price Drops In a recent post on social media platform X (formerly Twitter), Doctor Profit expressed confidence in his market analysis, indicating that BTC is on track to reach his projected target range between $90,000 to $94,000, meaning an additional 20% drop for the Bitcoin price. He posited that the cryptocurrency is poised to move toward a new short-term downside target at approximately $106,000. According to his assessment, a minor bounce in this area could attract additional liquidity before the market potentially moves lower. Doctor Profit also paints a bleak picture of the broader economic landscape, highlighting troubling signs such as Japan’s 10-Year Bond Yield reaching its highest level since the Global Financial Crisis. He notes that the repo-to-reserves ratio is approaching 99%, a metric that hints at funding stress and margin strain, leading to forced selling. While he acknowledges that a surge in liquidity from central banks could provide a bullish pivot, he remains skeptical given the current market conditions. The analyst also referenced a range of indicators and charts he has shared since August, emphasizing that many key market charts, including the Dow Jones, are at significant resistance levels, some of which have formed over a century. He pointed out the record levels of alleged insider selling witnessed in recent weeks, alongside a surge in retail investor inflows, suggesting a disconnect between retail enthusiasm and the actions of larger players in the market. October Could Signal Recovery In contrast to Doctor Profit’s cautious stance, market expert Timothy Peterson offers a more optimistic outlook for the Bitcoin price trajectory in the months to come. Peterson believes that October could bring a positive shift for Bitcoin, drawing on historical trends and current market dynamics. As recently reported by NewsBTC, Peterson has outlined two potential bullish scenarios that he believes remain for the cryptocurrency: one forecasting a rise to as high as $240,000, while another more conservative estimate suggests a surge to $160,000. As the month of September draws to a close, Doctor Profit’s prediction that Bitcoin would trade below $100,000 could still play out. With only a 9% decline needed to breach the $100,000 threshold, the outlook remains uncertain. Featured image from DALL-E, chart from TradingView.com

Ethereum price started a recovery wave above $4,150. ETH is now consolidating and might aim for more gains if it clears the $4,220 resistance. Ethereum remained stable above $4,020 and started a recovery wave. The price is trading above $4,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $4,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,220 and $4,250. Ethereum Price Eyes More Gains Ethereum price remained supported above the $4,020 level and started a recovery wave, like Bitcoin. ETH price was able to recover above the $4,050 and $4,120 resistance levels. There was a clear move above the 61.8% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. The bulls even pushed the price above $4,200. Besides, there is a connecting bullish trend line forming with support at $4,100 on the hourly chart of ETH/USD. Ethereum price is now trading above $4,150 and the 100-hourly Simple Moving Average. It is also above the 76.4% Fib retracement level of the downward wave from the $4,275 swing high to the $3,826 low. On the upside, the price could face resistance near the $4,220 level. The next key resistance is near the $4,250 level. The first major resistance is near the $4,275 level. A clear move above the $4,275 resistance might send the price toward the $4,320 resistance. An upside break above the $4,320 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,450 resistance zone or even $4,500 in the near term. Pullback In ETH? If Ethereum fails to clear the $4,250 resistance, it could start a fresh decline. Initial support on the downside is near the $4,150 level. The first major support sits near the $4,100 zone and the trend line. A clear move below the $4,100 support might push the price toward the $4,050 support. Any more losses might send the price toward the $4,000 region in the near term. The next key support sits at $3,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,100 Major Resistance Level – $4,250

A cryptocurrency analyst has explained how XRP could see a bounce to $3 or even $3.15 based on this technical support level holding. XRP Has Found Support At The Lower Level Of A Parallel Channel In a new post on X, analyst Ali Martinez has talked about where XRP could be heading next based on a technical analysis (TA) pattern forming in its 4-hour price chart. The pattern in question is a Parallel Channel, which forms whenever an asset observes consolidation between two parallel trendlines. The upper level of the pattern provides resistance, while the lower one supports. A breakout of either of these trendlines can imply a continuation of the trend in that direction. That is, a surge above the channel can be a bullish signal, while a drop under it is a bearish one. There are a few different types of Parallel Channels, but the one that XRP has been traveling inside recently is the simplest variant: a Parallel Channel that’s parallel to the time-axis. Below is the chart shared by Martinez that shows how XRP’s 4-hour price has been moving relative to the pattern during the last couple of months. From the graph, it’s visible that XRP fell slightly below the support level of the Parallel Channel during last week’s price dip. The asset has since recovered back above the line, however, indicating that support may not have been lost just yet. This is a pattern that the cryptocurrency has shown with this Parallel Channel a few times already. Each time, successfully reclaiming the level was followed by a surge in the asset’s price. XRP has been on the way up since re-entering the channel, so it’s possible that the same script could be in play once more. As for where the coin may be heading next, the analyst has suggested that the bounce could lead to $3, around one-fourth of the way into the channel, or even $3.15, situated at about the halfway point. It now remains to be seen whether the renewed bullish momentum will continue for the cryptocurrency and a rally to one of these targets will happen, or if another setback will take place. XRP isn’t the only altcoin that has found support at the lower boundary of a Parallel Channel recently. As Martinez has pointed out in another X post, Stellar (XLM) may also be traveling up the channel following a bounce off the support line. As displayed in the above chart, the eventual target for Stellar may be $0.41, corresponding to the resistance line of the Parallel Channel. XRP Price At the time of writing, XRP is trading around $0.285, up 2.5% over the last 24 hours.

EUR/USD Yesterday's bullish impulse in the single currency proved to be weak. The price tried to move further away from the MACD line after breaking above it, but by the end of the day, the upper shadow was larger than the candle body. The Marlin oscillator stalled at the neutral zero line, and this morning even hinted at a reversal downward. The price is likely to remain in a sideways trend until the U.S. employment data is released on Friday. Even a consolidation below the MACD line (1.1708) would not be a signal for a decline toward the target of 1.1605; the market is simply waiting for Friday's data. A similar situation occurred a month ago, when the euro began to move only after the release of employment figures (green arrow). This time, however, the movement may be downward with a target of 1.1495. On the four-hour chart, the price has stalled at the balance line. The Marlin oscillator remains in positive territory but is moving horizontally close to the line. A consolidation above the MACD line (1.1774) would signal a further rise to 1.1914, but the probability of this scenario has decreased, raising the possibility of a false breakout. We are waiting for the news on Friday. The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD The optimism in the pound that emerged yesterday morning faded by the end of the day. The session closed higher, but the balance line was only pierced by the upper shadow. Today opened below the balance line. The Marlin oscillator signaled a reversal while remaining in negative territory. Signs of sideways movement have appeared within the range of 1.3364–1.3468. This is likely to be the pound's holding range until U.S. labor data is released on Friday. On the four-hour chart, the price did not even attempt to rise above the balance line. On the way toward the target level of 1.3525, the pair faces the MACD lines on two key timeframes: D1 at 1.3468 and H4 at 1.3498. Given the weak starting impulse yesterday, it is unlikely that the price will attempt to breach these resistances before the U.S. employment data. The Marlin oscillator remains in a sideways, neutral short-term trend. Sideways movement is expected until Friday's release. The material has been provided by InstaForex Company - www.instaforex.com

EUR/AUD On the daily chart, the price has almost consolidated below both indicator lines. A short-term descending channel has formed along a MACD line that has turned downward. The Marlin oscillator is testing the boundary with the bearish zone. The target is seen at the lower edge of the price channel at 1.7400, with the primary objective at 1.7246, the May low. If the price consolidates above the upper boundary of the channel at 1.7862, the main scenario will shift to an alternative one — a rise toward 1.8154, the August high. On the four-hour chart, the price has consolidated below the MACD line. A brief move of the Marlin oscillator signal line above zero, marked by an arrow, proved to be a confirmed false breakout, as consolidation below it has already occurred. The trend remains downward. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin price started a recovery wave and traded above $114,000. BTC is trading above $114,000 and facing hurdles near $115,000. Bitcoin started a fresh recovery wave above the $113,500 zone. The price is trading above $114,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $112,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $115,000 zone. Bitcoin Price Gains Traction Bitcoin price managed to stay above the $110,500 zone and started a recovery wave. BTC settled above the $112,500 resistance zone to start the current move. The bulls were able to pump the price above the $113,500 and $114,000 levels. Besides, there was a break above a key bearish trend line with resistance at $112,200 on the hourly chart of the BTC/USD pair. The bulls even cleared the $114,000 level. A high was formed at $114,771 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $108,677 swing low to the $114,771 high. Bitcoin is now trading above $114,000 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $114,750 level. The first key resistance is near the $115,000 level. The next resistance could be $115,500. A close above the $115,500 resistance might send the price further higher. In the stated case, the price could rise and test the $116,500 resistance. Any more gains might send the price toward the $117,500 level. The next barrier for the bulls could be $118,00. Another Drop In BTC? If Bitcoin fails to rise above the $115,000 resistance zone, it could start a fresh decline. Immediate support is near the $113,500 level. The first major support is near the $112,500 level. The next support is now near the $111,750 zone. Any more losses might send the price toward the $111,200 support in the near term. The main support sits at $110,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $113,500, followed by $112,500. Major Resistance Levels – $114,750 and $115,000.

Bitcoin traded listlessly as September wraps up, caught inside a tight price band and showing signs of weakening momentum. Based on reports using CryptoQuant data and commentary by Axel Adler, demand cooled after the market failed to hold above $115,000, leaving traders watching a narrow corridor for the next move. The mood is neither euphoric nor panicked — it is cautious. Mounting Pressure At Descending Highs Over the past week Bitcoin swung between a local high near $115,550 and a low around $108,400. For the last sessions it settled into an even tighter $108,750–109,740 band. Sellers stepped in at lower highs, keeping the price from climbing back to the prior range. According to Adler, those descending highs are a warning sign because they show buyers are losing early ground. Immediate resistance sits around $111,000–112,000, based on on-chain flows and exchange behavior. Move past that and bulls could try to retake $114,000–115,400. Fail to defend $108,750 and the path down may quicken toward $106,000–105,000. Momentum Has Turned Cautious CryptoQuant’s 30-day momentum index finished the week near -2%, down from +1% at the start, a swing of three percentage points. Momentum readings this period ranged from -6% to +1%, and only two of seven sessions closed above zero. Those figures underline how the loss of the $114,000–115,000 support coincided with falling buying pressure. Traders often look for sustained positive momentum to confirm a rally. According to Adler, a clear recovery would need a return above $112K and several days of positive momentum to shift the tone back toward an uptrend. Market Structure And What It Means The current pattern is a classic consolidation after a failed breakout. Buyers tried and failed to keep prices north of $115,000, and that shortfall left the market in a neutral-to-bearish stance. Reports have disclosed that the week’s range and the momentum slide make an immediate strong advance unlikely without fresh demand. At the same time, there is no sign of a full-scale sell-off. Liquidity remains present near established supports. Key Levels To Watch A decisive push above the $111,000–112,000 resistance band could prompt a test of $114,000–115,400. The $108,600 base remains a key level. A break below it without a swift rebound could open the way toward stronger support between $106,000 and $105,000. Shifts in on-chain demand and exchange flows are expected to provide clearer signals, as price action alone may appear steady while underlying activity changes. Featured image from Gemini, chart from TradingView

The GBP/USD currency pair also showed an upward movement on Monday. Before discussing the much-troubled dollar of 2025, it should be recalled that illogical moves in the market are possible and occur quite often. Market participants (market makers) trade not only to profit from exchange rate differences over time. They also execute transactions necessary for their operations. Therefore, the dollar can theoretically appreciate even when all the factors are against it. Logged. Over the past two weeks, the U.S. dollar has experienced a notable rise. While we cannot say this move was illogical, there were certain grounds for strengthening the American currency, such as a strong GDP or Andrew Bailey's hints at another key rate cut before year-end. We believe the market interpreted much of the news in the dollar's favor, not entirely logically or fairly. However, GBP/USD also cannot move constantly in one direction. Hence, the correction we saw, and now the question is when and where it will end. It must be acknowledged that Donald Trump is doing everything possible to expedite the correction as soon as possible. First, the U.S. president imposed new tariffs on imports covering all foreign-made trucks, furniture, and pharmaceuticals. Second, Trump cannot reach an agreement with Democrats on the budget for the next fiscal year, and on October 1, the U.S. may plunge into yet another "Trump shutdown." Third, Trump demanded that Iran hand over all of its enriched uranium. If this does not happen, another round of geopolitical conflict in the Middle East is possible. Fourth, Trump is pressuring the European Union to impose tariffs and sanctions against India and China as part of pressure on Russia. As we can see, the U.S. dollar has numerous reasons to decline. One must simply remember that the currency market is like the Titanic in the Atlantic Ocean—it takes enormous effort and time to turn it around. Market makers may already realize that the dollar will continue to fall because there are no other options. However, they can prepare and accumulate short positions for months. During this time, the dollar may appear relatively stable, and retail traders may develop the false impression that the "2025 trend" has come to an end. In our view, the show is just getting started. Trump understands that he is already 78 years old and the presidential term is not infinite—especially if it is his last. He is in a great rush. This explains the radical decisions emerging from the White House. Therefore, in the next 3–3.5 years, we can expect many more events that will leave their mark on the currency market. For now, we are waiting for a change in the technical trend on the 4-hour timeframe to resume buying GBP/USD. Notably, the CCI indicator entered oversold territory during an uptrend, while the price failed to break the previous local low. The average volatility of GBP/USD over the last five trading days is 89 pips. For the pound/dollar pair, this is considered "average." On Tuesday, September 30, we therefore expect movement within the range bounded by 1.3343 and 1.3521. The longer-term linear regression channel is pointing upward, indicating a clear bullish trend. The CCI indicator once again entered oversold territory, signaling a possible resumption of the uptrend. Nearest Support Levels:S1 – 1.3428S2 – 1.3367S3 – 1.3306Nearest Resistance Levels:R1 – 1.3489R2 – 1.3550R3 – 1.3611Trading Recommendations:The GBP/USD currency pair is once again correcting, but its long-term prospects remain unchanged. Trump's policies will continue to pressure the dollar, so we do not expect any sustained growth of the U.S. currency. Thus, long positions with targets at 1.3672 and 1.3733 remain much more relevant as long as the price is above the moving average. If the price is below the moving average line, small shorts with targets at 1.3367 and 1.3343 can be considered on technical grounds. From time to time, the U.S. currency shows corrections (as now), but for a trend reversal and sustained strengthening it needs real signs of the trade war ending or other global, positive factors. Chart Elements Explained:Linear regression channels help determine the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings 20,0, smoothed) indicates the short-term trend and trade direction.Murray levels serve as target levels for moves and corrections.Volatility levels (red lines) are the likely price channel for the next day, based on current volatility readings.The CCI indicator: dips below -250 (oversold) or rises above +250 (overbought) mean a trend reversal may be near.The material has been provided by InstaForex Company - www.instaforex.com

The EUR/USD currency pair continued its upward movement on the first trading day of the week, which had begun on Friday. What is especially notable is the euro's rise during the Asian and European trading sessions, despite the absence of macroeconomic reports. By 2025 standards, the dollar's decline was minor—just a few dozen points. However, given the fundamental backdrop, we expect the U.S. currency to plunge at the same pace seen in the first half of this year soon. As the saying goes, trouble comes quietly. Over the past one and a half to two weeks, the U.S. dollar has been resting on its laurels. The stock market was rising, the U.S. economy was growing, Donald Trump had not imposed new tariffs for over a month, and the president had lost his battle with the Federal Reserve outright. It seemed the moment had arrived for the dollar to reverse and stop its prolonged decline. But Trump sensed "something was wrong" and imposed new sectoral tariffs on trucks, pharmaceuticals, and even furniture. What is this? An escalation of the trade war. And why did the dollar fall in the first half of 2025? The question is rhetorical. We should also mention the new "shutdown." Under Trump, shutdowns have become a routine occurrence. Each year, with the start of a new fiscal year, Democrats and Republicans cannot agree on the budget. And this happens only when Trump is president. Recall that during his first term, the U.S. recorded the longest shutdown in history—35 days. Of course, a shutdown does not mean that all government employees are fired or that all government agencies cease functioning. Or does it? Trump has ordered the relevant agencies to prepare for mass layoffs. What is this? A new method of confronting the Democrats? Everyone understands perfectly well that after mass layoffs, total criticism will be directed at the Democratic Party, "which left Trump with no other choice." As usual in the U.S., the fate of people seems to matter to no one. Let's also recall Trump's "One Big Beautiful Bill," adopted a couple of months ago, which provides not only for tax cuts but also for a sharp reduction in healthcare and social programs. The current sticking point lies in these very programs. Democrats want to preserve at least some support for the socially vulnerable, while Trump and his team insist on the opposite. If the ruling elites fail to reach an agreement by October 1, America will plunge into yet another display of the "Great Future." Frankly, it is difficult to imagine under what circumstances the market will buy the dollar in the near future. Of course, the NonFarm Payrolls report could come out better than forecasts, but that's only because forecasts are now, so to speak, set at rock bottom. Previously, the Bureau of Labor Statistics projected 100,000 to 200,000 new jobs, but now it is just 39,000. It is much easier to beat 39 than 100,000. Thus, we would not be surprised by another dollar rebound. However, there are still no solid reasons for it. All that remains is to wait for the price to consolidate above the moving average so that both technical and fundamental signals point in the same direction. The average volatility of EUR/USD over the last five trading days as of September 30 is 69 pips, which is considered "average." We expect the pair to move between 1.1664 and 1.1802 on Tuesday. The longer-term linear regression channel remains upward, indicating a bullish trend. The CCI indicator entered the overbought zone, which triggered a new round of downward correction. Nearest Support Levels:S1 – 1.1719S2 – 1.1597S3 – 1.1475Nearest Resistance Levels:R1 – 1.1841R2 – 1.1963Trading Recommendations:The EUR/USD pair continues its correction, but the uptrend remains intact across all timeframes. The U.S. dollar is still heavily pressured by Trump's policies, and he clearly has no intention of "stopping where he is." The dollar rose as much as it could (for a whole month), but now it seems time for another round of prolonged decline. If the price is below the moving average, small shorts may be considered with targets at 1.1664 and 1.1597, purely on technical grounds. If the price is above the moving average, long positions remain relevant, with targets at 1.1841 and 1.1963, in line with the trend. Chart Elements Explained:Linear regression channels help determine the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings 20,0, smoothed) indicates the short-term trend and trade direction.Murray levels serve as target levels for moves and corrections.Volatility levels (red lines) are the likely price channel for the next day, based on current volatility readings.The CCI indicator: dips below -250 (oversold) or rises above +250 (overbought) mean a trend reversal may be near.The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD 5-Minute Analysis On Monday, the GBP/USD currency pair continued to recover after a two-week collapse. Recall that in recent weeks, there were not many factors directly against the British currency, but traders interpreted virtually every piece of news as negative for sterling. At least, that's our view. Either way, the pound lost several hundred points, but the price has now consolidated above the descending trendline. Thus, the downtrend can be considered complete. In this case, the pair's growth will continue in a much more logical and consistent manner. It is worth noting that this is not so much the pound rising in the FX market as the dollar falling, with all other currencies rising against it. But what difference does it make? The pound had been weakening for 16–17 years straight, and now its "time to shine" has come. A break above 1.3420 and the critical line are additional indirect signs of continued growth this week. However, U.S. data should not be overlooked. While it is extremely difficult to expect strong readings from them right now, forecasts for many indicators are already very low, and surpassing these low forecasts is not particularly challenging. On the 5-minute TF, three buy signals were formed yesterday. First, the pair broke through the 1.3420–1.3429 area, then bounced off it twice from above. If nothing unexpected happens, the northward movement is likely to continue on Tuesday. On Monday, several significant events occurred in either the UK or the U.S. Ahead lie key data on unemployment, the labor market, and ISM business activity, which will inform monetary policy decisions. COT Report COT reports on the British pound indicate that, in recent years, the sentiment of commercial traders has been constantly shifting. The red and blue lines, representing net positions of commercial and non-commercial traders, frequently intersect and mostly hover near the zero mark. Currently, they are nearly at the same level, indicating roughly equal numbers of long and short positions. The dollar continues to decline due to Donald Trump's policies, so in principle, market makers' demand for sterling is not especially important right now. The trade war is likely to persist in one form or another for an extended period. The Fed will cut rates in the coming year anyway. Demand for the dollar is expected to continue declining. According to the latest report on the British pound, the "Non-commercial" group opened 3,700 long contracts and closed 900 short contracts. As a result, the net position of non-commercial traders increased by 4,600 contracts over the week. In 2025, the pound appreciated significantly, and the reason behind this change is clear: the policies of Trump. Once this factor is neutralized, the dollar may shift into growth, but no one knows when that will happen. It doesn't matter how quickly the net position of the pound rises or falls. For the dollar, it is falling anyway, usually at a faster pace. GBP/USD 1-Hour Analysis On the hourly TF, GBP/USD shows the same messy picture we've seen in recent weeks. The trendline has been broken, so traders are now justified in expecting further growth. The dollar still lacks global reasons to strengthen, so we anticipate a resumption of the 2025 uptrend in almost any case. For September 30, we highlight the following important levels: 1.3125, 1.3212, 1.3369–1.3377, 1.3420, 1.3533–1.3548, 1.3584, 1.3681, 1.3763, 1.3833, 1.3886. The Senkou Span B line (1.3587) and the Kijun-sen (1.3429) may also generate signals. A Stop-Loss order is recommended at breakeven once the price moves 20 pips in the desired direction. The Ichimoku indicator lines may shift during the day, which should be considered when identifying trading signals. On Tuesday, the UK will publish its Q2 GDP in the third estimate. This report usually does not attract much trader interest, but an unexpected reading could change that. In the U.S., the JOLTS job openings report will be released, though this is far from the most important report, given that it is published with a two-month delay. Trading Recommendations Today, traders may expect continued growth if the price remains above the 1.3420–1.3429 area. In this case, the target for upward movement will be the 1.3533–1.3548 area. If the price consolidates below the specified area again, then sterling may return to the 1.3369–1.3377 area. Illustration Explanations:Support and resistance price levels – thick red lines where movement may end. They are not trading signal sources.Kijun-sen and Senkou Span B lines—These are strong Ichimoku indicator lines transferred to the hourly timeframe from the 4-hour one.Extremum levels – thin red lines where the price has previously rebounded. These act as trading signal sources.Yellow lines – trend lines, trend channels, and other technical patterns.Indicator 1 on the COT charts – the size of the net position for each category of traders.The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD 5-Minute Analysis On Monday, the EUR/USD currency pair moved upward and managed to break through the descending trendline. Further growth of the pair was capped by the 1.1750–1.1760 area, which has repeatedly acted as support or resistance for the price. Thus, at this point, it is still too early to be fully confident that the short-term downtrend has ended. Nevertheless, we have repeatedly noted that there have been no strong reasons for medium-term dollar growth. Over just the past few days, news has created a new fundamental basis for a decline in the U.S. currency. Donald Trump introduced new tariffs and announced plans to tax even the film industry. Expectations of further Federal Reserve policy easing by year-end have risen. Mass arrests of illegal migrants have begun in Chicago. Clearly, there are numerous reasons for the market to start selling off the U.S. dollar once again. On the daily TF, the uptrend never ended. On Monday, there were no important macroeconomic releases in either the U.S. or the EU, which explains the pair's low volatility. Nevertheless, the euro rose throughout the day. On the 5-minute TF, a relatively large number of trading signals were generated; however, due to weak volatility, the price spent most of the day within a narrow range, encompassing two levels and one line. The price repeatedly bounced off these levels during the day: three times from the Kijun-sen and twice from the 1.1750–1.1760 area. In none of the cases did the price move more than 20–30 pips in the right direction. However, the problem was not the signals but the weak volatility of a "dull Monday." COT Report The latest COT report is dated September 23. As the chart above clearly shows, the net position of non-commercial traders has long been "bullish." Bears barely managed to gain control at the end of 2024 but quickly lost it. Since Trump took office for his second term as president, the dollar has been falling. We cannot say with 100% certainty that this decline will continue, but current global developments suggest otherwise. We still see no fundamental reasons for the euro to weaken, while there remain plenty of reasons for the dollar to fall. The global downtrend remains in place, but what does it matter now where the price moved over the past 17 years? Once Trump ends his trade wars, the dollar may recover, but recent events suggest that the war will continue in one form or another. The potential loss of Federal Reserve independence is another powerful factor weighing on the U.S. currency. The positions of the red and blue lines of the indicator continue to indicate a bullish trend. Over the last reporting week, the number of longs among the "Non-commercial" group decreased by 800, while the number of shorts increased by 2,600. Accordingly, the net position decreased by 3,400 contracts for the week. EUR/USD 1-Hour Analysis On the hourly TF, EUR/USD continues to form a descending trend, which so far cannot be considered complete. We still see no grounds for a prolonged dollar rally. On the daily TF, it is clear that the uptrend remains intact, while the dollar's strengthening looks rather weak. On lower TFs, the U.S. currency is rising, but this trend may come to an end soon. For September 30, we highlight the following levels for trading: 1.1234, 1.1274, 1.1362, 1.1426, 1.1534, 1.1604–1.1615, 1.1666, 1.1750–1.1760, 1.1846–1.1857, 1.1922, 1.1971–1.1988, as well as the Senkou Span B (1.1790) and Kijun-sen (1.1733) lines. The Ichimoku indicator lines may shift during the day, which should be considered when identifying trading signals. Do not forget to place a Stop Loss at breakeven if the price moves 15 points in the right direction—this will protect against possible losses if the signal turns out false. On Tuesday, several notable events are scheduled in both the EU and the U.S. Germany is expected to release reports on retail sales, inflation, and unemployment. In the U.S., the JOLTs report on job openings will be published. In addition, Christine Lagarde will deliver a speech. Today, volatility should clearly be higher. Trading RecommendationsOn Tuesday, the euro's recovery may continue. Traders need to break through the 1.1750–1.1760 area to consider the downtrend complete. A rebound from this area still allows for short positions, but it should be remembered that much this week will depend on the macroeconomic background. Illustration Explanations:Support and resistance price levels – thick red lines where movement may end. They are not trading signal sources.Kijun-sen and Senkou Span B lines—These are strong Ichimoku indicator lines transferred to the hourly timeframe from the 4-hour one.Extremum levels – thin red lines where the price has previously rebounded. These act as trading signal sources.Yellow lines – trend lines, trend channels, and other technical patterns.Indicator 1 on the COT charts – the size of the net position for each category of traders.The material has been provided by InstaForex Company - www.instaforex.com

Institutional confidence in Solana (SOL) remains strong, making it one of the stable altcoins in the market. Treasury wallets now hold over 20.9 million SOL, roughly 3.64% of the total supply, indicating that large investors are increasingly viewing SOL alongside Bitcoin and Ethereum as part of diversified crypto portfolios. Companies like Forward Industries and Brera Holdings have disclosed their asset exposure, while ARK has added Solana-related equities and continues to emphasize the network’s expansion. Meanwhile, speculation about a potential Solana staking ETF has gained momentum; if approved, it could reduce circulating supply and provide yield access, potentially attracting significant new capital into SOL. Mid-cycle analyst targets of $300–$500 reflect this institutional interest along with rising on-chain activity. Firedancer + Alpenglow: Leap in Performance vs. Decentralization Risk Solana’s technology roadmap provides another boost. Jump Crypto’s Firedancer client proposes SIMD-0370 to remove the fixed compute block limit, allowing higher-performance validators to process more complex blocks and increasing overall throughput. At the same time, the Alpenglow upgrade (testnet scheduled for December) aims to drastically reduce transaction finality, from approximately 12.8 seconds to 150 milliseconds, making Solana the fastest major chain. These changes could strengthen Solana’s leadership in high-volume DeFi and payments. However, critics warn that increasing centralization may occur if smaller validators cannot afford the necessary hardware upgrades. The primary challenge is striking a balance between raw speed and validator diversity, which is crucial for evaluating the network’s long-term resilience. Price Levels: Can Solana (SOL) Bulls Defend $207? Currently, SOL hovers near $208–$210, up modestly on the day as momentum rebuilds. The market now focuses on $207 as the first support level; a sustained hold preserves the uptrend and keeps a retest of $230–$253 possible, with $257 (the 52-week high) remaining above. Losing $207 opens the door to $190–$185 as the next demand zone, and a deeper shakeout could test $165–$167. Short-term sentiment is supported by improving tape dynamics, higher spot volumes, and active addresses, although macro factors remain a swing factor. For traders, the constructive setup is to hold $207, reclaim $223–$230, and then challenge $253–$257. For investors, the thesis relies on three pillars: increasing treasury ownership and potential ETF catalysts, throughput leadership from Firedancer and Alpenglow, and expanding real-world utility across DeFi and commerce. If Solana maintains support while upgrades happen as scheduled, the path toward new highs strengthens; if not, expect a choppy Q4 with value emerging around the $185 area. Cover image from ChatGPT, SOLUSD chart from Tradingview

Michael Saylor, the executive chairman of MicroStrategy, which recently rebranded to Strategy, has once again drawn attention to the company’s aggressive Bitcoin acquisition strategy by reviving and actively utilizing the public BTC Tracker. What Is The Bitcoin Tracker And Why Does It Matter Michael Saylor has once again released the Strategy Bitcoin tracker, a chart that the market has come to watch closely. According to the X post, the latest buy brings Strategy’s total Bitcoin treasury holdings to 639,835 BTC, which is approximately $70.01 billion. CryptosRus has stated that the familiar orange dots continue their steady climb upward and to the right, a simple yet powerful indicator hinting that additional BTC buys may be on deck. Every time this chart comes out, the market leans in. Saylor’s conviction has transcended simple corporate policy to become a genuine market signal. An analyst known as BitBull has confirmed a crucial turning point for the Bitcoin market, highlighting that BTC Open Interest has fallen to its lowest level in a month, effectively wiping out all the leverage that had built up during September. BitBull views this deleveraging event as a positive and healthy development for the market. By purging excessive leverage, the market is now considered to be in a healthier state, which could set the stage for a reversal upward in BTC price. Why The Current Bitcoin Run Is Only The Beginning Market analyst Zynx has offered insights into the BTC market and future price targets, pointing out that the bull market is still in its early stages and has significant room to run. He stated that BTC needs to cross $151,000 just to equal its all-time high in Gold, which suggests a specific metric where BTC’s price, relative to the price of an ounce of gold, would match its previous peak ratio. Historically, every cycle since the inception, BTC has more than doubled its price in Gold at a minimum, usually much more than that. However, the $300,000 target is looking increasingly realistic. While it is impossible to give a time frame, if history repeats, crossing the $151,000 all-time high within the next six months is expected. Furthermore, what makes this cycle fascinating is the macro overlay. Some analysts, such as EneaDenkt and others, are using the US Business Cycle Institute for Supply Management (ISM) as a key indicator for predicting the timing when BTC will peak. Zynx concluded by acknowledging that this is definitely a very interesting time for the BTC rally, and this cycle will definitely be like no other.

Asante Gold (TSXV:ASE) on Monday reported construction and commissioning are complete at its sulphide plant at the Bibiani gold mine in the republic of Ghana. Asante has been ramping up activity at the Bibiani throughout the year, funded by the initial $100 million deposit from Fujairah Holdings, Asante’s second-largest shareholder, as part of a $500 million gold forward sale deal signed in December 2024. The company said on Monday that 12 hour per day operations to process Bibiani ore started on September 27 and that 24 hour per days operations are expected to start on September 30. Optimization to achieve +85% gold recovery will progress through October, it said, adding that an increase from 60% to 92% is expected to be reached in late October. The project’s nameplate capacity is estimated at 4 million tonnes per year. Aerial drone footage of the plant can be viewed here. “This is a year of executing our strategic plan to allocate significant capital to our mining and processing operations at both Bibiani and Chirano. With the finances now in hand, we expect to grow long-term gold production to 450,000 to 500,000 ounces of gold per year,” CEO Dave Anthony said in a news release. “With construction and commissioning of the Bibiani sulphide treatment plant complete, we are focused on the next phase, which moves the plant into operation, ramp-up, testing and optimization to achieve 92% recovery and enhance Bibiani’s growth profile.” Asante’s Toronto listed shares closed the day up 2.84%. The company has a $C1.75 billion ($1.26bn) market capitalization.

Ripple’s XRP might be trending towards a short squeeze as new analysis suggested its available trading supply could shrink to levels comparable to Bitcoin’s 21 million cap. XRP commentator Chad Steingraber, in a post on social media platform X, argued that the amount of the altcoin actually available for retail trading is going to be a fraction of its total supply. His comments came in response to discussions about the role of institutional and network-led lockups, with projects such as Axelar and Flare Networks working to secure billions of XRP tokens. XRP Might Be Gearing Up For Short Squeeze The discussion began after a popular crypto commentator posted about Axelar’s plan to lock up $10 billion worth of XRP, a move that would remove around 5% of the token available to retail traders. Similarly, Flare Networks has set a goal of locking up 5 billion XRP. These two initiatives alone would place significant pressure on the pool of XRP available for active trading. Steingraber noted that XRP’s active trading supply is what ultimately influences market pricing, not the total supply figure often cited. As such, he suggested that such accumulation by these companies, combined with other supply constraints, could reduce the number of the token available for public trading. Particularly, Steingraber predicted that this number could fall drastically to as low as 21 million XRP, an amount symbolically identical to Bitcoin’s hard cap. The possibility of only 21 million XRP being available for trading from its current circulating supply of 59 billion tokens is very ambitious. However, the scenario of this drastic fall becomes possible if Spot XRP ETFs are approved in the United States. Institutional ETFs would demand a steady supply of XRP for custody, and this would create large-scale accumulation that could permanently restrict availability on exchanges. In such a case, supply shocks could become very common. Aside from new institutional lockups, there are other clear signs that XRP’s active trading pool is thinning. A notable example is crypto exchange Coinbase, where XRP reserves have dropped sharply in recent months. Adding to that, Ripple itself still controls a large portion of the total supply, with billions of the token locked in escrow. Although these tokens are technically part of circulation, they are unavailable for retail use and are released only under strict schedules. Price Impact Of A 21 Million Effective Supply The idea that XRP’s active trading supply could fall to just 21 million tokens shows how scarcity could alter its valuation. Based on today’s circulating supply of about 59 billion XRP and a market price of $2.89, XRP has a market capitalization of about $172.8 billion. If that same market capitalization were concentrated into only 21 million tokens, the implied price per coin would be about $8,120. The most important thing now, however, is for the altcoin bulls to prevent any further declines below $2.8.

On September 29, immigration service officers, along with representatives of various law enforcement agencies, entered Chicago to detain illegal immigrants and combat crime. Donald Trump called Chicago the most dangerous city in the world and urged authorities to restore order. Throughout Monday, numerous people were detained, including women with children. Law enforcement continues to patrol the city and carry out mass arrests. Illinois Governor J.B. Pritzker commented on the situation. According to him, the role of law enforcement is not to intimidate peaceful residents, and immigration raids do not add order to the city. It should be noted that this is not the first time Trump has used military and law enforcement agencies "to restore order." Earlier in the spring, mass protests erupted across America against Trump's trade policy, which were suppressed with the help of the National Guard. This represents yet another law Trump has violated. According to U.S. legislation, the National Guard cannot be deployed against American citizens. Police are responsible for maintaining order in cities. However, when police were unable to cope with mass protests and riots, Trump turned to the military for assistance. In January 2025, Trump announced one of the goals of his second presidential term, which can be summed up in the slogan: "America for Americans." Many fully legal immigrants suddenly found themselves reclassified as illegal, sparking mass roundups. While I do not support illegal migration, it is important to remember that America is considered a democratic country. Mass raids with indiscriminate arrests "pending verification" can hardly be considered a democratic process. Over the past few days, the U.S. dollar has already found several new reasons for further decline. Donald Trump introduced new import tariffs, the looming government shutdown undermines already fragile trust in the dollar, and the unrest in Chicago could become a trigger for similar events across the country. It is worth noting that this week also brings reports on business activity, job openings, unemployment, and the labor market in the U.S. If this data disappoints markets, demand for the U.S. currency could sink to yearly lows by the end of the week. EUR/USD Wave Structure:Based on my analysis of EUR/USD, the instrument continues to build an upward trend segment. The wave markup still depends entirely on the news background linked to Trump's decisions and the policies of the new White House administration. Targets for the current trend may extend up to the 1.2500 area. At present, a corrective Wave 4 may already be complete. The bullish wave structure remains valid. Thus, in the near term, I am considering only buying. By year-end, I expect the euro to rise to 1.2245, corresponding to the 200.0% Fibonacci. GBP/USD Wave Structure: The wave picture for GBP/USD has evolved. The pair remains in an upward impulsive segment, but its internal structure has become less clear. If Wave 4 takes the form of a complex three-wave correction, the structure will normalize, though this would make Wave 4 significantly larger and more complex than Wave 2. In my view, the key reference point now is 1.3341 (127.2% Fibonacci). Two failed attempts to break above this level may indicate that the market is ready for renewed buying. Key Principles of My Analysis: Wave structures should be simple and clear. Complex structures are more difficult to trade and are often subject to change.If the market situation is uncertain, it is better to stay out.Absolute certainty in market direction never exists—always use protective Stop Loss orders.Wave analysis can and should be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

There is yet another problem that could prove very costly for the dollar. Some economists are already warning that the upcoming reports on the U.S. economy are at risk of disruption. If the government shuts down, and with it most federal agencies, who will compile the data for economic indicators? And if the data are released, how much credibility will they have? Confidence in the U.S. Bureau of Statistics has already declined sharply after the dismissal of its director, Erica McEntarfer, as many market participants now question the accuracy of the data. It is no secret that Trump has every reason to present the results of his policies in the most favorable light possible. If the statistics align with Trump, no one can accuse him of mismanaging the country. And what is statistics, after all? Just numbers. Numbers can be slightly adjusted to look more attractive. Many in the market understand this, myself included. That is why I treat the latest U.S. GDP report with caution. On Friday, the Nonfarm Payrolls and unemployment reports are scheduled for release. Or perhaps they won't be released at all. I must emphasize again: markets dislike uncertainty. In such a situation, many would rather sell the troubled dollar than speculate on when the shutdown will end, what the next economic reports will look like, and whether they can be trusted. How the Federal Reserve will act over the next two meetings is an even bigger question than all the above. Jerome Powell and other policymakers have repeatedly said that rate decisions will depend on economic data. But if the Bureau of Statistics "goes on leave," who will provide the data? America could find itself in a situation where everything appears to be going well on paper, with Trump's "golden age" seemingly underway, while in reality, the country may be sliding toward an economic crisis and recession. Increasingly, market participants are expressing concerns about America's future, and central banks worldwide are reducing their dollar reserves. Of course, the funding issue may be resolved at the very last minute. But the mere threat of a shutdown is already a valid reason to sell the dollar. In any case, the current wave count suggests the construction of an upward trend segment. That implies a decline in the value of the U.S. currency. And even without the shutdown, the dollar has plenty of reasons to weaken. EUR/USD Wave Structure:Based on my analysis of EUR/USD, the instrument continues to build an upward trend segment. The wave markup still depends entirely on the news background linked to Trump's decisions and the policies of the new White House administration. Targets for the current trend may extend up to the 1.2500 area. At present, a corrective Wave 4 may already be complete. The bullish wave structure remains valid. Thus, in the near term, I am considering only buying. By year-end, I expect the euro to rise to 1.2245, corresponding to the 200.0% Fibonacci. GBP/USD Wave Structure: The wave picture for GBP/USD has evolved. The pair remains in an upward impulsive segment, but its internal structure has become less clear. If Wave 4 takes the form of a complex three-wave correction, the structure will normalize, though this would make Wave 4 significantly larger and more complex than Wave 2. In my view, the key reference point now is 1.3341 (127.2% Fibonacci). Two failed attempts to break above this level may indicate that the market is ready for renewed buying. Key Principles of My Analysis: Wave structures should be simple and clear. Complex structures are more difficult to trade and are often subject to change.If the market situation is uncertain, it is better to stay out.Absolute certainty in market direction never exists—always use protective Stop Loss orders.Wave analysis can and should be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com