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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

Two days remain before the deadline, yet amid recent headlines, the market has almost overlooked the approaching new fiscal year in the U.S. By itself, the start of the fiscal year is usually a formality, but in America, it has become an annual political standoff. Democrats and Republicans once again cannot agree on spending plans for the coming year. The Democratic Party demands the preservation of tax breaks and healthcare subsidies for the American population, while the Republican Party (read—Donald Trump) insists on cutting expenditures in precisely these areas. Previously, Republicans passed most bills in both chambers of Congress with a simple majority. The situation is different now. To approve the budget for the next year, a two-thirds majority, or 60 votes, is required in the Senate. Usually, a simple majority of 50% + 1 is enough, but Trump lacks the 60 "loyal vassals" in the Senate. Democrats, fully aware of this leverage, are gladly blocking the budget and seizing the opportunity to influence policy. It should be noted that Trump made most of the key decisions in 2025 independently, as both chambers of Congress held Republican majorities and voted accordingly. The budget, however, is an exception, requiring a two-thirds majority. Democrats understand that they can now obstruct the functioning of the current administration, which has already been marked by numerous controversial decisions. In reality, a shutdown is politically advantageous for Democrats, as it forces Republicans to find common ground with them. Democrats can block the government's work indefinitely until their demands are met. Yet Trump is far from passive. He has already warned of mass layoffs of federal employees, framing Democrats as responsible for job losses among "loyal public servants." From all this, I conclude that the shutdown is likely to be protracted, and Trump will now be forced to battle not only the Federal Reserve but also the Democrats. As for the impact on the dollar, if, as early as the day after tomorrow, many U.S. government agencies grind to a halt, the implications are obvious. 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

According to the latest CFTC report, the aggregate short position on the U.S. dollar against major world currencies increased by $0.8 billion over the reporting week, reaching -$8.6 billion. Speculative positioning on the dollar remains bearish. At the same time, a noticeable shift was recorded only in the yen (+$1.5 billion), while changes in other currencies were minimal, indicating that the trend toward a weaker dollar has not strengthened and currently looks more neutral. U.S. GDP growth in Q2 was revised upward from 3.3% to 3.8%, suggesting that, by growth measures alone, the U.S. economy appears to be in excellent condition. However, two indicators raise questions about these figures. The first is job creation. In a growing economy, new jobs are typically created at above-average rates; however, this trend has been disproven in recent months. While 158,000 new jobs were created in April, only 19,000 were added in May, and 13,000 were lost in June. The average monthly growth of just 54,700 is far too low to justify such strong GDP growth. Including July and August data, the increase in new jobs fell to around 30,000 in recent months. Declines have been seen across all sectors, raising alarm among many Federal Reserve members. Unemployment has changed little, but this reflects tighter immigration policies, which have significantly reduced the labor supply, keeping unemployment artificially stable. The second indicator is inflation. The index rose by 0.26% in August (vs. 0.13% in July). There is no slowdown, and since most new tariffs took effect in August, their impact will be reflected in consumer prices in October–November. Until recently, the market was pricing in four rate cuts next year. However, as of Monday, the outlook shifted: while an October cut is seen as virtually inevitable (with about a 90% probability), the next one may not occur until December or March. Overall, markets still expect four cuts through the end of 2026, but rate expectations have turned more bullish for the dollar. The balance is precarious: a weakening labor market and looming recession argue for rate cuts, but inflation risks remain elevated. With most central banks also cutting rates amid still-high inflation, such actions may increase risks rather than reduce them. Friday's September employment report is in jeopardy: if Congress fails to pass a budget bill on Tuesday, the government could shut down by Wednesday. If Nonfarm Payrolls are not released on Friday, markets could be paralyzed by uncertainty, losing a key benchmark for forecasts. With liquidity shortages rising sharply, funding sources must be found. Launching a new wave of QE in a high-inflation environment is highly unlikely—impossible, as long as Powell chairs the Fed. Foreign inflows are unlikely, either, given elevated tariffs. That leaves domestic reserves as the only option. The source of such reserves becomes clear when examining the dynamics of the stock market. The S&P 500 continues to set record after record, with the 6840 target nearing. However, this milestone may never be reached, as a reversal could begin earlier. We anticipate a significant correction in equity indexes, which could occur at any moment. The nearest target is 6340, and in the event of a deeper crisis, a rapid decline toward 6150 cannot be ruled out. The dollar still looks weak, but this weakness may soon come to an end. Signs of a bullish reversal are becoming increasingly evident. The material has been provided by InstaForex Company - www.instaforex.com

The market is confident that the Reserve Bank of Australia (RBA) will keep all monetary policy settings unchanged at its September meeting. This is the most widely expected scenario, and its outcome has already been factored into the price. The intrigue lies in the RBA's future actions, given the mixed fundamental backdrop ahead of the September decision. Last week's data showed that monthly inflation in Australia accelerated to 3.0% — the fastest pace since July 2024. However, the rise in CPI in August was driven mainly by temporary factors, particularly the expiration of "energy" subsidies in three states. The labor market delivered weak results: total employment in August fell by 5,000 against forecasts for a 20,000 increase. Full-time jobs declined by 40,000, while part-time employment grew by 35,000. The participation rate unexpectedly dropped to 66.8% (vs. a 67.0% forecast), while the unemployment rate rose to 4.2%. Meanwhile, Australia's Q2 GDP growth exceeded expectations: the economy expanded by 1.8% y/y, compared to a 1.6% forecast (after 1.4% in Q1). On a quarterly basis, GDP grew 0.6% versus 0.5% expected (and 0.3% in Q1). This marked the third consecutive quarter of accelerating growth. In other words, the picture shows a spike in monthly inflation (driven mainly by temporary factors), a decline in August employment, and stronger GDP growth in the second quarter. Such results justify a wait-and-see approach at the September meeting. Future policy decisions will hinge on the dynamics of key macro indicators, especially labor market and inflation data. For instance, Q3 CPI figures (the RBA's primary focus) will be published in October. As for labor conditions, it is worth noting that July's "Australian Nonfarm Payrolls" report was strong, so the RBA is unlikely to draw far-reaching conclusions from just one weak August print. In her recent remarks, RBA Governor Michele Bullock gave an optimistic assessment of the national economy, including labor market conditions. According to her, the central bank is close to meeting its main targets on inflation and employment: inflation is moving toward the target range, while the labor market is "around full employment." Although she acknowledged that labor conditions have "slightly weakened" and unemployment has "ticked higher," she made it clear that the Bank will hold policy steady at the upcoming meeting. Looking ahead, however, the outlook remains open. Bullock emphasized that future moves will depend on incoming data. Most analysts (Westpac, ANZ, Commonwealth Bank) expect the RBA to keep the status quo in September but to cut rates at the following (November) meeting. From the "Big Four" banks, only National Australia Bank doubts a November cut, arguing instead that additional easing is more likely in spring 2026. A Reuters poll found that 32 out of 39 economists believe the RBA will cut rates by 25 basis points before the end of the year — but not in September, instead at one of the two remaining meetings (November or December). In other words, the market is convinced that the RBA will hold rates steady in September but move toward easing later this year. Given this dovish bias, any hesitation or pushback against rate cuts would likely be interpreted as a favorable sign for the Australian dollar. Judging by Bullock's earlier statements, the central bank is likely to adopt a cautious tone, highlighting the risk of accelerating inflation. After all, despite the "one-off factors" in the August CPI report, monthly inflation has accelerated for two consecutive months, which does not strengthen the case for dovish rhetoric. Thus, the outcome of the September RBA meeting may support the Aussie, unless the Bank explicitly signals another rate cut in November or December, which seems unlikely, given that Q3 CPI data will only be released next month. The nearest upside target for AUD/USD is 0.6600, corresponding to the middle line of the Bollinger Bands on the D1 timeframe. The material has been provided by InstaForex Company - www.instaforex.com

XRP has entered a pivotal phase as institutional adoption increases and regulatory clarity reshapes its market prospects. The resolution of Ripple’s case with the U.S. Securities and Exchange Commission (SEC) in March 2025 cleared a long-standing obstacle, confirming that XRP is not a security in secondary transactions. This milestone has motivated major institutions to get involved. XRP ETF Launch and Institutional Catalysts Drive Rally The debut of the REX-Osprey XRP ETF (XRPR) marked a notable regulatory shift, with $37.7 million in first-day trading volume. BlackRock’s partnership with Ripple on its RLUSD stablecoin and Ripple’s application for Federal Reserve payment access through a national trust bank charter showcase the project’s growing institutional presence. Ripple’s On-Demand Liquidity network, which processed $1.3 trillion in Q2 2025, further strengthens XRP’s role in cross-border settlements. September’s rally saw XRP rise by 385%, stabilizing between $2.86 and $2.87 while whales accumulated tens of millions of tokens. With six more ETF applications pending approval in October and CME preparing to list XRP options on October 13, the token’s bullish catalysts remain strong. Analysts project medium- to long-term price targets ranging from $5 to $22, with some anticipating $30 or higher by 2026. Technical Outlook: Key Levels to Watch XRP remains above its $2.80 support level, even as volatility continues. Resistance is forming around $3.00, with a breakout likely to pave the way toward $3.40, $4.00, and ultimately $5. Surpassing the $5 mark could boost momentum toward $7. On the downside, immediate support is at $2.60, with further levels at $2.25 and $2.00. Technical indicators are still favorable, with the CCI (50) and Directional Movement Index indicating bullish signs. Traders are considering dip-buying around $2.60, with stop losses near $2.00 and profit targets between $4 and $5. Whale Influence and ETF Scrutiny Despite rising institutional confidence, concerns over concentrated XRP ownership persist. The recent Cyber Hornet ETF filing with the SEC flagged whale dominance as a potential risk, arguing that large holders retain the power to influence price movements disproportionately. Unlike Bitcoin or Ethereum, XRP’s pre-minted supply structure increases liquidity concerns, making it more vulnerable to large transactions. Regulators worldwide have taken notice, with high-value transfers now under closer scrutiny. Nonetheless, the growing number of institutional products and consistent retail participation suggest that XRP is poised to maintain its momentum, even as debates around whale activity persist. Cover image from ChatGPT, XRPUSD chart from TradingView

Andre Cronje’s latest project, Flying Tulip, has raised $200M in a private round and is opening a public sale of its FT crypto token at the same $1Bn valuation. The exchange startup, based in New York, announced the move on September 29, stating that it is building a full-on-chain trading platform. The plan combines a native stablecoin, money markets, spot, derivatives, options, and insurance into one system. By linking everything through cross-margin, the company says it can make capital more efficient for users. The public sale will be run directly on-chain across several networks. Details such as which assets are supported, the amount that will circulate at launch, and the official contract addresses will be published exclusively on the project’s website to minimize phishing risks. The company is targeting as much as $1Bn in funding between private and public phases. With $200M already secured, up to $800M could be offered to the public. Flying Tulip confirmed that official addresses will appear only on its site before the sale goes live. EXPLORE: The 12+ Hottest Crypto Presales to Buy Right Now How Is the Flying Tulip Team Incentivized Without Token Allocations? A key feature of the launch is what the team calls a perpetual on-chain “redemption right.” Both private and public buyers will be able to burn FT tokens at any time and reclaim their original contribution in the same asset, such as ETH. This is designed to give investors downside protection and set the project apart from typical token launches. Flying Tulip stated that redemptions will be handled directly from a segregated on-chain reserve, funded with capital from the raise. To maintain the system’s solvency and prevent abuse, contracts include a queue and rate-limit mechanism. The company also noted that the redemption right is not insured and is bound by the size of the reserve and the protocol’s rules. To reduce the risk of fast arbitrage trades, FT tokens will remain non-transferable until the public sale closes. Buyers will not be able to trade or transfer them during the subscription period. The team behind Flying Tulip will not receive any tokens at launch. Instead, the project says its members will only gain exposure through open-market buybacks. These will be funded by a portion of protocol revenues and follow a published schedule. The idea is to tie team incentives to platform adoption and long-term performance, rather than allocating resources upfront. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 What Does Andre Cronje Mean by “Institutional-Grade Market Structure”? The $1Bn fully diluted valuation applied in the private round now extends to the public phase. The company listed a wide range of backers, including Brevan Howard Digital, CoinFund, DWF, FalconX, Hypersphere, Lemniscap, Nascent, Republic Digital, Selini, Sigil Fund, Susquehanna Crypto, Tioga Capital, and Virtuals Protocol. (Source: Blog, Flyingtulip) “Our goal is to provide institutional-grade market structure with onchain guarantees and clear alignment between users, investors, and the team,” Cronje said in the announcement. Flying Tulip says it will disclose its chains, assets, initial float, and the official sale contracts ahead of the public sale. Key open questions include how the redemption reserve performs under stress and how secondary-market liquidity develops once transfer restrictions are lifted. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 The post FT Crypto? Andre Cronje Launches Flying Tulip With $200M Backing appeared first on 99Bitcoins.

Log in to today's North American session Market wrap for September 29 Two major themes shaped today’s market narrative: the looming US government shutdown and surprisingly (but positive) developments out of the Middle East. On the political front, the White House unveiled a plan during a press conference, aimed at ending the Gaza conflict, stressing that “no one will be forced to leave, and Israel will not occupy Gaza”—a proposal that fueled cautious optimism that the war may be nearing its end. We have seen bad surprises before but things are starting to turn in the right direction (from what it currently seems). Hamas' answer is now awaited. Meanwhile, in Washington, the possibility of a US government shutdown by Friday now threatens not only to delay the all-important Non-Farm Payrolls release (Friday 8:30 a-A.M.), but also to deal a reputational blow to the United States at a sensitive time globally. Senior Democrat leaders are talking about a potential stopgap funding (aka emergency funding) to pushback the shutdown for 7-10 days while US Politicians try to reach a deal. In markets, cryptocurrencies and metals carried the market momentum once again. Silver surged past $47, Gold printed fresh highs, and Copper extended its rally, with the Grasberg (Second largest copper mine in the world) fallout reverberating through mining stocks. For cryptos, it was more the end-of-afternoon sudden rally that surprised markets (Check out the update on our latest crypto piece, surprising turn of events). Read More:Bitcoin climbs 5% from recent lows but crypto rally lacks depthUS Oil (WTI) retreats after yet-another failed breakoutGold (XAU/USD) soars to fresh all-time highs in today's session - Potential targets and price forecastCross-Assets Daily Performance Cross-Asset Daily Performance, September 29, 2025 – Source: TradingView The one thing to pay attention to is the huge rally in Cryptos that came in the afternoon around the same time as the Middle East press conference, however some other news may have pushed the markets higher (Look at ETH around 14:30) For the rest, Markets appreciated the correction in the USD as a government shutdown led to some rebalancing, particualrly in Metals. But for Oil traders, things keep on spiking and and down and today is a pretty rough down day to follow the Friday price action. (Check out our latest piece!) A picture of today's performance for major currencies Currency Performance, September 29 – Source: OANDA Labs Like other assets, FX loved the down day for the US Dollar (except for the Safe-Haven CHF not enjoying peace as much). Every majors rallied but to a relatively small extent. The outcast here is the JPY as it seems that traders are starting to price in the next hike from the Bank of Japan. Keep an eye on this as it may materialize into a trend. Analysis coming up tomorrow! A look at Economic data releasing in tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. The next 24 hours will be sneaky busy for traders all around Markets. The spotlight falls squarely on the RBA policy meeting tonight (00:30 ET), where the central bank is widely expected to pause. However, markets are already pricing around a 50% chance of a cut at the following meeting, making Governor Bullock’s statement and the subsequent press conference critical for AUD traders. Tomorrow, keep an eye on all the speeches from Central Bankers (and don't forget Bostic coming up at 18:00 for those who are listening). From Europe, focus will be on German and Eurozone CPI (Sep prelim) at 08:00 ET, expected steady at 0.1% MoM and 2.3% YoY, alongside Eurozone unemployment data (6.3%). Earlier, the UK delivers its Q2 GDP (0.3% QoQ, 1.2% YoY expected). In the US, Fed’s Goolsbee and Jefferson speak in the NA session, adding to the chorus of central bank commentary that has dominated recent sessions. On the data front, Eurozone retail sales (Aug, 0.6% expected) and employment change will also provide fresh signals for EUR volatility. Don't forget the JOLTS (10:00 A.M.) , Chicago PMI and other speakers that are not on the picture (Or you can also check out the calendar). Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier 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 is pressing on a familiar technical hinge on the weekly chart. In a setup highlighted by crypto analyst Cantonese Cat (@cantonmeow), DOGE has completed a third multi-month descending trendline test in as many cycles, with price now hovering just below a quarter dollar after a brief breakout and early retest. On the 1-week timeframe, the chart shows three distinct bear-market trendlines and subsequent expansions. The first downtrend, drawn from late-2022 swing highs through mid-2023 lower highs, was broken in September 2023. From that breakout point, DOGE advanced roughly 230%, marking the cycle’s initial expansion phase. The second sequence repeated across late-2023 into 2024: an April–June 2024 distribution created a fresh descending line that capped price through October 2024, when a weekly close through the line triggered the next impulse. From that October 2024 breakout, the advance extended about 350% into the late-2024 peak. Price action since the November–December 2024 high near $0.48 carved the third descending trendline. Over the past several candles, DOGE pushed through that line, then slipped back toward it, producing a classic “return move” on reduced momentum. As of the chart’s timestamp (Sep. 29, 2025, 00:04 UTC), DOGE trades around $0.2369 on the weekly, a level that sits in the middle of this retest zone. Golden Cross Or One More Dip For Dogecoin? Crypto analyst Cas Abbé (@cas_abbe) is closely monitoring the daily chart, where a golden cross between the 100-day SMA ($0.2192) and the 200-day EMA ($0.2199) is forming. Historically, such crossovers have signaled the beginning of extended bullish phases. Abbé stressed the broader market impact of a Dogecoin rally, noting: “DOGE golden cross is approaching soon. This is one of the alts I’m paying very close attention to. The reason is very simple: When DOGE pumps, Altseason starts.” His key threshold is $0.33, a resistance level that has capped multiple rallies. A clean break above it could accelerate capital rotation into the broader altcoin market. “If DOGE manages to pump above $0.33, alts will go bonkers,” he noted. Meanwhile, liquidity dynamics add nuance to the technical picture. Cryptoinsightuk (@Cryptoinsightuk) shared a liquidity heatmap indicating dense bids around $0.18, while supply concentrations above $0.30 form notable resistance zones. He explained his tactical approach: “Because of this I’ve closed my DOGE long slightly in the green and I’ve placed bids around $0.18.” This reflects a market structure where traders are positioning for downside liquidity sweeps before potential continuation higher. Currently trading near $0.229, DOGE sits at the intersection of conflicting signals. On one side, the historical pattern of breakouts from descending trendlines, the imminent golden cross, and Abbé’s $0.33 breakout level argue for bullish continuation. On the other, liquidity maps suggest vulnerability to deeper retracements toward $0.20–0.18 before any sustained rally.

Bitmine has quietly loaded up on Ethereum. Over the past few weeks, the company bought 2.6 million ETH during market dips, pushing its crypto treasury to a massive $10.9 billion. This was not a one-time splash, but a series of buys timed when prices were low. While others were panicking or sitting on the sidelines, Bitmine saw an opportunity and went for it. Buying the Dip on Purpose Bitmine did not stumble into these buys by accident. It waited for ETH to drop, then moved fast. The pattern is clear: buy when the market pulls back, stack when others hesitate. It is a move that says the company sees value in Ethereum and is not just here for the short-term gains. This kind of strategy shows they are thinking far ahead, not just trying to ride the next rally. What the Treasury Looks Like Now With this new ETH haul, Bitmine’s treasury is now one of the largest in the crypto space. Most of that $10.9 billion is now tied to Ethereum. We do not know how much they still hold in cash or other coins, but the ETH portion is front and center. That kind of weight behind a single asset shows real belief in where Ethereum is going next. DISCOVER: Best New Cryptocurrencies to Invest in 2025 The Risk of Going All In Putting billions into one asset is never a small move. If Ethereum keeps growing, Bitmine stands to benefit in a big way. But if something goes wrong, whether it’s regulation, technical issues, or a shift in the market, that concentration could hurt. This is the kind of bet that either looks genius later or reckless, depending on how the market plays out. Market Cap 24h 7d 30d 1y All Time Why This Matters to Everyone Else Big players like Bitmine don’t usually make moves like this without serious planning. So when they step in this heavily, people notice. It sends a signal to the market that Ethereum is being treated like a long-term asset, not a passing trend. This might also nudge other companies to rethink their own crypto strategies. Moves like this can start to change how the industry views digital assets on the balance sheet. DISCOVER: 20+ Next Crypto to Explode in 2025 What to Keep an Eye On Now that Bitmine has made this move, the question is what comes next. Will they keep buying? Will they reveal more about how their treasury is structured? Are they planning to use ETH for something beyond holding it? And if the price of Ethereum moves sharply in either direction, how will they respond? These are the kinds of details that could shape how people view Bitmine, and maybe how others manage their own crypto plans. Bitmine’s ETH play is bold, plain and simple. Whether that pays off or not, they’ve made it clear where they believe the future is headed. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Bitmine bought 2.6 million ETH during recent market dips, growing its crypto treasury to $10.9 billion. The buys were intentional and timed, showing a strategy of stacking ETH when prices pull back. Most of Bitmine’s treasury is now tied to Ethereum, signaling a strong belief in ETH’s long-term value. The move carries major upside but also high risk, with Bitmine heavily concentrated in a single asset. Bitmine’s actions could influence how other companies approach crypto on their balance sheets. The post Bitmine Buys 2.6 Million ETH and Builds a $10.9 Billion Treasury appeared first on 99Bitcoins.

SOL USD Technical Analysis is one to behold. As we will see on the charts below, it is quite unpredictable and volatile. But as ETFs are yet to be approved, it seems like believers in the blockchain are accumulating the coin. What are people supposed to look for when it comes to price, if they want to buy? Follow along and find out! TraderDaink is one of the many traders who has a position on SOL. He is currently in profit and believes we have more upward momentum ahead. Daink is a seasoned, profitable trader, and this is not his first rodeo. DISCOVER: 9+ Best Memecoin to Buy in 2025 SOL USD Technical Analysis Insights For October (Source – TradingView, SOLUSD) Starting today’s analysis with the 1W chart, we can see an untested area between $35-50 on SOL. But price has spent almost 2 full years in the upper range, and it seems unlikely that it will retrace so far down. There was this MSB suggestion for the Spring of 2025, which turned out to be a standard Deviation. Price is currently in an uptrend, making higher highs and higher lows. Also trading above all Moving Averages. DISCOVER: 16+ New and Upcoming Binance Listings in 2025 (Source – TradingView, SOLUSD) On the 1D chart, there is a lot! Beautiful for the eyes of technical analysts – potentially confusing for novice traders. Let’s break it down. Our 2025 high is just under $270 and is the top of the range. Around $123 is the bottom yellow line – that is the 2024 support and the bottom of the range. Price is trading above all Moving Averages here too – indicating the uptrend, higher highs and higher lows too. SOL has flipped the $180 resistance level into support in the second half of 2025. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 H4 Timeframe Chart and Conclusions (Source – TradingView, SOLUSD) For the final and most zoomed-in analysis, we will look at the 4H chart. $200 level looks like a key one here, as price broke under for a short time and has recently reclaimed that level. All Moving Averages are above, which we want to see reverse for price to move up to $250 and beyond. It is potentially a good place for longs with a stop down at $190. It’ll give 1.5R at $250 and much more at the new ATH. Let’s track and see what happens next week! DISCOVER: 10+ Next Crypto to 100X In 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates SOL USD Technical Analysis For The End of September Key level to hold is $180, though price might stay above $200 RSI has room for growth on all timeframes Expect price volatility around Monthly close Need to reclaim the MAs on 4H for further upside Uptrend Market Structure identified by higher highs and higher lows The post SOL USD Technical Analysis For The End of September appeared first on 99Bitcoins.

Binance is offering something new for banks, brokers, and exchanges. It’s called Crypto-as-a-Service, and it’s designed to help traditional institutions get into crypto without having to build everything themselves. The idea is simple. Binance handles the hard parts like infrastructure and security, and the institution gets to offer crypto services under its own name. What Institutions Actually Get This new setup means a bank or broker could offer crypto trading on its own platform, even if it doesn’t have any experience with crypto tech. Binance provides the tools to make it all run smoothly, including wallet systems, compliance features, and ways to move money in and out. The institution stays in charge of the branding and customer experience, while Binance stays in the background, making sure everything works. What Happens Behind the Scenes From a technical side, here’s what’s going on. The institution runs the front end, where users sign in, trade, and check balances. Binance takes care of things behind the curtain. If a customer places an order, it might be matched with another order inside the platform. If not, it can be routed to Binance’s bigger pool of liquidity. The custody part also includes safety features like separate wallets and built-in compliance tools, which help meet regulations without extra hassle. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 Why Binance Is Offering This Now There’s a growing number of traditional institutions looking to add crypto access for their customers, but many don’t want the cost or risk of building it from scratch. Binance sees an opportunity here. Instead of just waiting for these companies to figure it out, Binance is giving them a shortcut. With everything packaged and ready to go, a bank or broker could enter the crypto space without a big learning curve or technical team. Market Cap 24h 7d 30d 1y All Time Things That Could Go Wrong This kind of service is convenient, but it comes with challenges. Institutions have to trust that the system is safe and won’t lead to problems with regulators or customers. Any mistake in custody or compliance could cause serious damage to a firm’s reputation. On top of that, each country has different rules around crypto. Binance and its partners will need to make sure they’re doing things by the book in every place they operate. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 What To Look Out For The next few months will show how much traction this actually gets. If well-known banks or brokers start signing on, it could be a sign that traditional finance is getting more comfortable with crypto. It’ll also be worth watching how flexible the system is and how much control institutions really have over what happens on their platforms. If the rollout goes well, this could be a new model for how crypto gets delivered to the everyday investor. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Binance has launched Crypto-as-a-Service to help banks, brokers, and exchanges offer crypto without building the tech themselves. The service includes trading infrastructure, wallet systems, compliance tools, and access to Binance’s liquidity pool. Institutions keep their branding and user interface while Binance runs the backend and handles security and operations. This move targets traditional firms that want to enter crypto but lack the time, budget, or technical ability to build from scratch. The success of this model will depend on trust, regulatory clarity, and how well Binance supports clients across different regions. The post Binance Launches Crypto-as-a-Service for Traditional Institutions appeared first on 99Bitcoins.

Solana is once again at a pivotal crossroads, with its price hovering around the 50-day EMA —a level that could dictate its next major move. A decisive break above $220 could ignite fresh bullish momentum, while failure to hold could open the door for a slide back toward $175. SOL Tests 50-Day EMA As Market Watches Closely Lark Davis, a widely followed crypto analyst on X, recently noted that Solana has returned to test its 50-day EMA. This moving average has historically provided both support and resistance for SOL, making the latest retest a key moment for traders watching the coin’s short-term direction. In addition, Davis highlighted signs of improving momentum on the indicators. The MACD histograms are curving upward, hinting at a potential shift in momentum from bearish to bullish, while the RSI is slowly rising, suggesting that buying pressure may be building. These developments signal that Solana is preparing for a recovery phase if buyers step in with stronger conviction. Despite these encouraging signals, Davis noted that trading volumes remain muted. Low volume often raises concerns about the strength behind a move, as rallies without significant participation can fade quickly. What To Watch For As Solana Builds Strength Analyzing the potential outlook for Solana, Lark Davis highlighted two distinct, high-stakes scenarios based on how the asset interacts with the 50-day Exponential Moving Average (EMA). This EMA acts as a pivotal line, and the price’s reaction here will determine the direction of the short-term trend. The first potential outcome is that if the price is decisively rejected at the 50-day EMA, known as a bearish retest, it would signal weakness and likely lead to a move downward. In this case, the analyst targets the $175 support level as the expected floor. While he qualifies shorting as “nasty business,” he suggests it could be done in this specific situation. The second outcome, which is a bullish scenario, requires a strong display of conviction from buyers. This involves a successful and robust reclaim of the 50-day EMA, specifically confirmed by today’s daily candle closing above $210. To further solidify this bullish case, the price ideally needs to push beyond the subsequent resistance at the 20-day EMA, which sits near $220. Given the immediate threat and the potential for a swift upside move, the analyst suggests a high-risk, high-reward play. Initiating a long position from the current price, near $209, with a tight stop-loss might be a sensible strategy to catch the bullish scenario and capitalize on the quick momentum if the price successfully reclaims the 50-day EMA.

Bitcoin has been rallying back slowly but steadily since reaching an intermediate bottom last Friday at $108,600 (it is currently trading about $5,000 higher, or close to 5%). Risk assets are enjoying a mixed but decent session for the most part, particularly in the tech sector. The sentiment is spreading to cryptocurrencies, but here's the catch: Only the most significant altcoins by market cap are up or around unchanged in today’s session, while smaller altcoins are selling off. Daily overview of the Crypto Market, September 29, 2025 – Source: Finviz Memecoins are also caught in the mix, providing a fairly unusual outlook for the digital asset market – even on differing scales, cryptos tend to move in tandem. Market depth is when a general market gets dragged upwards, and most of the components of the market are also rallying. A lack of depth is seen when only a few names drag the asset class. This was seen in Equities throughout the first part of the 2023 rebound, when the Mag 7 dragged the market higher before the bull market spread elsewhere, and today, cryptos are doing the same. Let's take a look at Bitcoin to see what's going on there. Read More: Gold (XAU/USD) soars to fresh all-time highs in today's session - Potential targets and price forecastUS Oil (WTI) retreats after yet-another failed breakoutMarkets Weekly Outlook – getting ready for September NFP weekA multi-timeframe Bitcoin technical analysisBitcoin (BTC) Daily chart Bitcoin (BTC) Daily chart, September 29, 2025 – Source: TradingView The latest rebound has taken Bitcoin out of a less-favorable price action, but there is still work to to: A double-top marked just after marking a new ATH showed a weak acceptance of the $120,000 level, which tends to be a sign of consequent reversal in technical analysis. The market holding around $110,000, the preceding all-time highs, was a sign of decent appetite and a healthy pullback overall. However, markets then formed lower highs after the Powell's Jackson Hole speech which also got rejected quite aggressively. Let's now turn to today: The $107,800 lows marked on September 1 faked-out below the key support before rallying again, and today's rebound marks a higher low, inverting the bearish sequence. One positive aspect to look for later is that momentum (RSI) is now far from overbought and going back towards positive from just below neutral. Bulls will have to break above the current range, let's see the details of that range just below. Bitcoin (BTC) 4H chart and levels Bitcoin (BTC) 4H chart, September 29, 2025 – Source: TradingView Despite the price action from today, the outlook is more one of a range rather than a continuation of the preceding trend. But consolidation is still a good sign for the overall market, as holding above $100,000 marks price and volume confirmation, where participants agree at prices that are way superior to preceding years. Breaking above the most recent $117,500 high would relaunch the odds of reaching higher levels. Bears may enter on a break of the most recent lows ($107,600 on September 1). Levels to place on your BTC Charts: Support Levels: $108,000 to $110,000 previous ATH support zone (freshly tested)$107,600 recent lows$106,000 to $108,000 key support$100,000 main support at the psychological levelResistance Levels: $116,000 to $117,000 key pivot (high of current range)$117,950 recent highs to breakCurrent all-time high $124,596Major resistance $122,000 to $124,500$126,500 to $128,000 Fib-extension potential resistance (1.382% from April to May up-move) Safe Trades! Follow Elior on Twitter/X for additional Market News, Insights and Interactions @EliorManier 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.

Trading at $3825.41 per troy ounce in today’s session, up a remarkable +1.74%, gold (XAU/USD) has once again renewed all-time highs, further extending yearly gains. As things stand, the yellow metal is on pace for its best yearly performance since 1979, up an astounding +45.75% year-to-date. Let’s examine the market fundamentals alongside some likely price targets in the upcoming sessions. Gold (XAU/USD): Key takeaways 29/09/2025 Benefitting from a ‘perfect storm’ of macroeconomic factors, gold pricing has rallied to new highs in today’s session, and crucially, has broken above the key level of $3,800 for the first time in historyWhile gold prices have been rising throughout 2025, a more dovish Federal Reserve has given a new lease of life to the current uptrend, alongside a general depreciation in the US dollar’s value this yearGeneral market risk aversion, owing to geopolitical tensions, US trade policy, and questions over sovereign debt, continues to contribute to the current rally in precious metal pricing Read previous coverage: Gold (XAU/USD): In a bullish consolidation above US$3,688 despite a firmer US dollar Dollar Strength Index (DXY) vs. Gold (XAU/USD) year-to-date. OANDA/TVC, TradingView, 29/09/2025 Gold renews highs, breaking above $3,800 for the first time in history To say 2025 has been a good year for precious metals would be an understatement. While both gold and silver are on track for their best yearly performance in quite some time, this trend shows little sign of stopping as we approach the final quarter of 2025. To refresh your memory, here’s a quickfire round of three fundamental themes that have contributed to the current rally: Dovish Federal Reserve pivot: Despite a majority hawkish Fed for much of the year, gold continued its rally to new highs in 2025. More recently, however, a more dovish narrative, both from the reduction in the funds rate and commentary from Federal Reserve policymakers, has introduced a new tailwind to precious metal pricing, with lower interest rates directly benefitting non-yielding assets like gold. At the time of writing, markets overwhelmingly predict that the two remaining decisions of 2025 are likely to be in favour of further rate cuts: CME FedWatch, 29/09/2025 The fallout of dollar devaluation: Typically priced in USD, it seems intuitive that if the value of the dollar falls, precious metal prices will rise. While there is some truth to this, a broad-scale devaluation of the dollar, especially following concerns about sovereign debt, provides a larger catalyst to increasing gold prices than purely exchange rates alone. Ultimately, markets feel less comfortable this year using the dollar as a store of wealth than in years previous, opting for gold instead, and further compounding the effect of falling dollar pricing. Safe-haven inflows: While I use the term ‘safe-haven’ somewhat loosely, considering US equities have consistently pushed higher throughout 2025, a persistent feeling of economic uncertainty has made valuable contributions to the current rally in gold pricing. While recent rallies can be somewhat attributed to monetary policy expectations, demand for a secure store of wealth has steadily risen this year, with gold, silver, and the Swiss franc among the best-performing instruments of 2025 within their respective asset classes. This effect has been further amplified by considering that the safe-haven appeal of other major currencies, such as the dollar and the yen, is comparatively lower than it has been in recent memory. Currency Power Balance, 4H, OANDA Global Markets, 29/09/2025 Gold (XAU/USD): Technical Analysis 29/09/2025 As promised, let’s take a look at market technicals, starting with the daily, then moving on to the 4-hourly. Gold (XAU/USD): Daily (D1) chart analysis (29/09/2025) Gold (XAU/USD) D1, OANDA, TradingView, 29/09/2025 For gold bulls, current price action on the daily chart is nothing short of picture-perfect. Blasting through multiple key levels throughout 2025, most significantly the $3,000 mark first achieved in early March, gold pricing currently trades in excess of $3,800 per troy ounce for the first time in history, growing ever closer to $4,000. Having found a base of around $3,250, forming a slight upwards trending channel, price action in early September would break this period of consolidation and mark the start of the current rally, which, at least so far, shows little sign of exhaustion. With that said, we are currently in ‘overbought’ territory according to the RSI and trade some distance from the trendline, suggesting that short-term retracements are possible if the uptrend wishes to continue. As ever, data suggesting the Federal Reserve outlook is to become more dovish will likely support metal pricing further, with the opposite being true if the Fed is seen to become more hawkish ahead of their October decision. In line with Fibonacci theory, here are some key levels to watch: Price target: 0% Fib - $3,934Support 1: 50% Fib: $3,788Support 2: 61.8% Fib: $3,753Support 3: 78.6% Fib: $3,704 Otherwise, and when considering current conditions, price would have to fall considerably and break support held around $3,643 to question the longevity of the current move to the upside. Read more technical analysis from MarketPulse: US Oil (WTI) retreats after yet-another failed breakout Gold (XAU/USD): 4-hourly (H4) chart analysis (29/09/2025) Gold (XAU/USD) H4, OANDA, TradingView, 29/09/2025 With gold once again meeting all-time highs in today’s session, there is nothing above current price action to form a resistance to the current upside, while there is plenty to support to be found should price form a short-term correction. Support 1: $3,800 key psychological levelSupport 2: $3,787 major support on previous resistance turned supportSupport 3: $3,735 major support While predicting further upside can be tricky, considering the quite literally uncharted territory, current readings from both the Stochastic and RSI oscillators suggest that a price is currently ‘overbought’, and due for a retracement towards the trendline. Albeit unlikely, considering current conditions, if price falls below the third level of support, this could spell trouble for the current uptrend. 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 (SHIB) is witnessing a significant shift on centralized exchanges, as fresh on-chain data reveals that the meme coin’s reserves have plunged below the $1 billion mark following a massive withdrawal spree. While this decline may seem concerning at first glance, historical trends suggest that such large-scale withdrawals often indicate a shift from selling to accumulation in the long term. Shiba Inu Exchange Reserves Plunge To New Lows According to data from CryptoQuant, Shiba Inu’s exchange reserves have experienced a steep drop in recent months. As of September 28, 2024, SHIB’s supply across exchanges was approximately 143.62 trillion tokens, equivalent to over $1.5 billion at the time. However, by Monday, September 29 2025, reserves have thinned down significantly to 84.55 trillion tokens, valued at just under $998 million at current market rates. Based on this timeline, the supply of Shiba Inu on exchanges has decreased by a whopping 59.1 trillion tokens in just one year. This marks the lowest level of SHIB held on exchanges since 2023, highlighting a shift in investor sentiment as withdrawals flood the market. Notably, the sharpest decline in Shiba Inu’s exchange reserves this year was recorded on January 7. At the time, holdings across these centralized platforms fell to 107.84 trillion SHIB, marking a drop of more than 33 trillion tokens from January 6, when reserves stood at roughly 140.79 trillion coins. Since then, SHIB’s exchange balances have continued to shrink, decreasing week by week. The decline in available supply suggests that investors may be moving their tokens into self-custody or staking options, thereby reducing risks from widespread selling pressure. Historically, when exchange reserves plummet, assets become scarcer for trading, creating conditions in which price pressure can develop if demand increases. At the same time, SHIB’s price has faced turbulence in recent months. The token is currently trading at around $0.000011, down from its local highs earlier this year. However, analysts like ’SHIB KNIGHT’ on X social media believe that the current dip represents a buying opportunity, pointing out that the meme coin has entered a key accumulation zone. He argues that long-term holders are capitalizing on lower valuations, slowly adding to each dip. Technical Signals Hint At SHIB Price Breakout While Shiba Inu’s exchange supply declines, technical charts suggest that the meme coin may be preparing for its next price breakout. According to market expert ‘SHIB Mortal,’ Shiba Inu is showing signs of setting up for an “Uptober” rally. His chart analysis highlights a descending resistance trendline that the coin has repeatedly tested, paired with strong support around the $0.000010 zone. SHIB Mortal’s chart illustrates a potential reversal pattern forming, where the meme coin could bounce off current support, reclaim the trendline, and ignite a possible rally to $0.000019 by October. This move would mark a surge of over 70% from current levels around $0.000011.

Canadian private equity firm Kinterra Capital has secured $80 million led by Lionhead to reboot the Pumpkin Hollow underground mine in Nevada, targeting first production within 24 months. The company acquired Pumpkin Hollow last October through a $128 million stalking horse bid for its previous owner Nevada Copper, which had briefly brought the mine into production before encountering operational setbacks and subsequently went bankrupt. At the time of the sale, the project was fully permitted and had about $800 million in installed infrastructure, with no debt or stream obligations. With core infrastructure already in place, Kinterra said it will focus on closing pre-existing gaps, conducting comprehensive data collection and trade-off studies, and advancing engineering across all disciplines to industry standards. As well, the new funding will be used to advance the nearby Southwest Open Pit copper project, which also came with the underground mine. Within the next 24 months, Kinterra aims to complete trade-off studies and a feasibility study for the project, which contains approximately 3.6 billion lb. of copper and is expected to have a 20-year mine life. All major project permits are in place, and the studies have already begun, it said. Western US portfolio Kinterra’s co-managing partner Cheryl Brandon considers both projects to be “pivotal milestones” for the company’s large and growing US copper portfolio and the US supply chain. “Within the next 24 months, we expect to have a producing and cash-flow-generating underground copper mine and a shovel-ready open pit, all in Nevada,” she stated in a press release on Monday. On an annualized basis, Kinterra’s management estimates that the two assets have the potential to supply approximately 228 million lb. of copper per year, representing roughly 5–6% of current US copper demand. “Pumpkin Hollow is exactly the type of investment that Lionhead seeks to invest in: a high-quality asset with a clear path to restart and a management team with a proven ability to execute,” said Paul Quirk, co-founder and managing partner at Lionhead. In addition to the Nevada assets, Kinterra also holds the Antler copper project in Arizona, acquired through its recent takeover of Australia’s New World Resources (ASX: NWC). Also an underground project, Antler hosts over 400 million lb. of contained copper and 1.3 billion lb. of zinc.

According to reports from Egrag Crypto, a statistical model now being applied to XRP points to a wide range of possible outcomes — from a modest climb to an extreme rally. The coin is trading near $2.86 and has fallen about 2% over the past week, which the firm says sits it near an important junction on a long-term trend line. Let’s check these numbers: a monthly linear regression plotted on a logarithmic scale, with an R-squared of 0.847. That figure is being used to argue that the model explains roughly 80% of past price movement. Monthly Regression Model On Log Scale Egrag’s model is statistical and simple in form, but it is plotted in a way traders often use to read long-term cycles. According to Egrag, XRP has touched the upper limit of that regression channel on three separate occasions, and those past touches inform the present forecast. In one cycle, XRP overshot the channel by 570% during the 2017–2018 run. In contrast, the 2021 peak landed about 45% below the same boundary. Those past outcomes are being translated into three possible paths for the current phase: a standard hit to $27; a repeat of the 2021 shortfall to about $18; or an extreme overshoot that would push the price toward $200. Three Potential Price Paths The math makes the scale of those options clear. Moving from $2.86 to $18 would mean a rise of about 530%. A leap to $200 would imply a gain of roughly 6,890%. At $200, XRP’s market capitalization would sit near $12 trillion under current supply assumptions; a $27 level would imply a market cap north of $1.6 trillion. Those headline numbers have prompted sharp pushback online, with critics calling the most ambitious forecasts unrealistic given current adoption and liquidity conditions. Crypto Expert’s View Placed In Context Meanwhile, market observers have pointed to XRP’s unusual longevity. Vandell Aljarrah, co-founder of Black Swan Capitalist, reminded readers that XRP traded around $0.00589 in August 2013 and still ranks among the larger tokens today at about $2.78 in recent posts. Reports of that long track record are being used to argue that XRP has a level of staying power many other projects lack. That history does not prove future gains, but it does add a practical footnote when weighing bold forecasts against plain skepticism. Possible Outcomes And Market Reality The range from $18 to $200 captures both conservative and extreme views. Based on the regression, EGRAG treats the mid and lower outcomes as the more likely of the three, while the $200 case is cast as a best-case overshoot that would depend on factors far beyond the model itself. Featured image from Meta, chart from TradingView

Ethereum is the coin everyone is eyeing in expectations of a new ATH. People in the crypto world are impatient and can’t wait anymore for the long awaited alt season. When will it come? When ETH breaks towards new All-Time-high. Let’s take a look at the charts for this Ethereum Technical Analysis article. Shorts are getting liquidated today and bulls are celebrating. That is surely a bullish sign and it sparks hopes of continuation of the uptrend. Will we see a new ATH for ETH in October? DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Coin NameEthereum (ETH)Ethereum Price$4,153.90Ethereum Price Change 24h▲ 2.67%Ethereum Price Change 7d▼ -0.12%Ethereum Market Cap$501,203,855,754Circulating Supply120,232,214 Ethereum Technical Analysis: End Of Month Charting (Source – TradingView, ETHUSD) The first graph we will analyse is on the Weekly timeframe. The end of 2024 and in early 2025 we saw some wild volatility. And then volume grew as price went up to brake the 2024 high, which is currently acting as support. We are still to break and close above the 2021 ATH, which for many will be the start of the long awaited Alt Season. Being above the Moving Averages indicates our uptrend. DISCOVER: Best New Cryptocurrencies to Invest in 2025 (Source – TradingView, ETHUSD) Zooming in on the 1D timeframe, we can see that in July the Moving Averages flipped into uptrend mode. Likeable! We have the July high acting as support just recently and the low from August 3rd as Key support level at $3350. RSI has come all the way to the bottom of its range, which means it has reset. Now there is enough air to fill to the upside in order to see price push and close into the $5000s. DISCOVER: 20+ Next Crypto to Explode in 2025 Concluding Thoughts and Lower Timeframe View (Source – TradingView, ETHUSD) Finishing up our Ethereum technical analysis on the 4H timeframe, we can clearly see the Low-Timeframe Market Structure Break (LTF MSB). $4210 is a level that needs to be reclaimed first, before moving higher. It is possible that the $3860 holds and we don’t see price go lower. But it is good to have ammunition of it does retrace further. RSI has been reset. Price here is below the 4H moving averages and it needs to reclaim $4400 to go back above. Happy trading and stay safe! DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Update Ethereum Technical Analysis: Insights For End of September 2025 Beautiful 1W chart with break and retest of 2024 High RSI on 1D and 4H looks reset First support at $3,860, second support at $3350 Has to regain $4400 before hopes for new ATH. The post Ethereum Technical Analysis: Insights For End of September 2025 appeared first on 99Bitcoins.

The strategic alliance between Japan Gold (TSXV: JG) and Barrick Mining (TSX: ABX, NYSE: B) is coming to an end after more than five years and C$23 million ($17 million) in spending. Vancouver-based Japan Gold announced that the parties have agreed to mutually terminate their partnership, effective as of Oct. 31, 2025. Established in February 2020, the Japan Gold-Barrick alliance aims to explore, develop and mine certain mineral properties that it believes have the potential to host Tier 1 or 2 gold deposits. The former would provide a large selection of projects under its Japan-based portfolio, while the latter would sole fund the initial work supporting the projects’ evaluation. To date, Barrick has invested approximately C$23.2 million into the alliance, primarily to create a comprehensive geochemical and geophysical database covering most of Japan Gold’s mineral rights covering 3,000 sq. km across Japan’s three main islands. The database ultimately resulted in Barrick selecting three projects — Hakuryu, Togi and Ebino — that it considered to hold significant potential. While initial scout drilling on these properties provided valuable geological insights, the scale of work conducted to date has not been sufficient to fully evaluate their potential, Japan Gold said. Shares of Japan gold plummeted 40% to C$0.14 on the termination, sending its market capitalization down to C$40.3 million ($29 million). The stock is now trading at about a third of where it was in 2020, when its partnership with Barrick began. Next steps “Barrick’s involvement with Japan Gold over the last five years reflects the growing international interest in Japan as an emerging country with the potential for the discovery of new gold deposits, and we thank Barrick for their participation in this journey,” said John Proust, chairman and CEO of Japan Gold. Following the termination, the Canadian gold junior said it will continue to advance the two district-scale areas in Kyushu and Hokkaido, as well as several individual projects, including the former Barrick alliance projects. This would be done either independently or through new joint ventures or partnerships, with discussions ongoing with interested parties, the company added. “Japan’s exceptional geology, rich history of high-grade gold mining, underexplored district-scale opportunities and stable mining regulatory environment continue to attract industry participants seeking a new, highly prospective geopolitically safe jurisdiction.” Proust added. Recently, Japan Gold completed a three-hole diamond drill program at the Ebino project in southern Kyushu, one of three projects under the Barrick alliance. This drilling confirmed the extension of a regional alteration system in the 40 x 20 km Hokusatsu district, which hosts past and present major gold mines, including the only active large-scale gold producer in Japan, the Hishikari mine, as well as several historic gold mines. Together, these mines have produced more than 12 million ounces of gold, the company said, noting that it holds the majority of prospective mineral rights in the district.