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The Dogecoin price has since retraced after its run to $0.3 as sell-offs had grown stronger over the last week. There is also the fact that the Fed had cut interest rates by a quarter of a point last week, but because it was already priced into the market, there was barely any reaction to it. As such, the Dogecoin price stalled and continued to follow the established downtrend. But as the meme coin ushers in a new week, there is the possibility of a recovery and even a rally from here. The Current State Of Dogecoin Crypto analyst MadWhale outlined some notable developments surrounding the Dogecoin price and what could trigger the next wave of price action. Besides the Fed rate cuts not doing anything for the crypto market, there is also the expectation of multiple altcoin ETFs that could trigger the next rally. Recently, excitement around a possible Dogecoin ETF going live for trading has been on the rise after experts had projected a possible acceptance by the SEC last week. The decision was ultimately postponed by the regulator, but this has done nothing to dampen the excitement. The REX-Osprey Dogecoin ETF (DOJE) is still expected to go live sometime this month if the SEC gives its blessing, and the analyst explains that this could be what drives another rally. In fact, there have been expectations that the Dogecoin price could rise by up to 75%, and others have predicted that the price could double. In addition to the ETF excitement, the fact that Dogecoin whales are making their way back into the arena is exciting. With around $266 million worth of DOGE bought and withdrawn from exchanges, exchange liquidity has declined, pushing the supply down to help boost demand and trigger a possible price increase. Why The Dogecoin Price Could Surge Besides the bullish developments surrounding the Dogecoin price with the ETF filings and whale buying, there is also the technical side that points to bullishness. This is because the Dogecoin price is currently sitting close to a critical Fibonacci level. If the Dogecoin price continues to maintain both its daily support and weekly trendline above $0.24, then the analyst expects an 18% increase in price, to push it toward $0.315. Other bullish developments include the Grayscale filing with the SEC to convert its Dogecoin Trust into a full-blown ETF. The filing lists Coinbase as custodian, sticking to an established pattern with Grayscale’s crypto ETFs, and could be a rival to the highly anticipated REX-Osprey Dogecoin ETF.

Dogecoin started a fresh decline below the $0.2650 zone against the US Dollar. DOGE is now consolidating and might dip further below $0.2450. DOGE price started a fresh decline below the $0.2620 level. The price is trading below the $0.260 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.2550 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it stays above the $0.2450 zone. Dogecoin Price Dips Again Dogecoin price started a fresh decline after there was a close below $0.2720, like Bitcoin and Ethereum. DOGE declined below the $0.2620 and $0.2550 support levels. The price even traded below $0.250. A low was formed at $0.2451 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $0.2887 swing high to the $0.2451 low. Besides, there is a bearish trend line forming with resistance at $0.2550 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.250 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.2520 level. The first major resistance for the bulls could be near the $0.2550 level. The next major resistance is near the $0.2720 level. It is close to the 61.8% Fib retracement level of the recent decline from the $0.2887 swing high to the $0.2451 low. A close above the $0.2720 resistance might send the price toward the $0.280 resistance. Any more gains might send the price toward the $0.2880 level. The next major stop for the bulls might be $0.30. Another Drop In DOGE? If DOGE’s price fails to climb above the $0.2550 level, it could continue to move down. Initial support on the downside is near the $0.2450 level. The next major support is near the $0.2320 level. The main support sits at $0.2250. If there is a downside break below the $0.2250 support, the price could decline further. In the stated case, the price might slide toward the $0.2120 level or even $0.2050 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.2450 and $0.2320. Major Resistance Levels – $0.2550 and $0.2720.

Today, Monday, marks the fourth consecutive day of negative sentiment for the EUR/USD pair, although it is attempting to reverse the trend by trading around the 1.1730 level. The pair's weakness is linked to continued dollar strength following last week's Federal Reserve rate cut. While the Fed did lower the rate for the first time, it did not emphasize the need for an accelerated pace of easing in the coming months. Investors are now awaiting eurozone consumer sentiment data, as well as speeches from a European Central Bank (ECB) representative and members of the Federal Open Market Committee (FOMC) scheduled for today. Last week, Fed Chair Jerome Powell noted at the post-meeting press conference that increasing signs of labor market weakness prompted the rate cut decision. The Fed had held rates steady since December due to inflation concerns fueled by tariffs. Powell emphasized that there is no need for swift changes in monetary policy, and the Federal Reserve will make decisions based on data at each upcoming meeting. The Fed's "dot plot" forecasts two additional rate cuts by year-end. The EUR/USD pair is also under pressure due to worsening conditions within the Eurozone. Last week, massive protests erupted across major cities in France, with hundreds of thousands of citizens rallying against spending cut proposals by former Prime Minister Francois Bayrou. Protesters called on President Emmanuel Macron and newly appointed Prime Minister Sebastien Lecornu to abandon the proposed austerity plans. Meanwhile, ECB Governing Council member Mario Centeno stated on Friday that a rate cut is likely the next step. He stressed that inflation should not remain below the 2% target for too long, noting that risks to inflation still remain tilted to the downside. From a technical standpoint, despite the ongoing decline in the pair, oscillators on the daily chart remain in positive territory, contradicting the negative overall outlook. If prices manage to hold above the 1.1730 level, they will likely attempt another move toward the psychological 1.1800 level. However, a drop below the 1.1700 level would increase the odds in favor of the bears. The material has been provided by InstaForex Company - www.instaforex.com

Friday Trade Analysis:1H chart of GBP/USD The GBP/USD pair continued its downward movement on Friday, even though a rise in the pound would have been more logical. Let's recall that on Friday morning, the UK released a fairly positive retail sales report, which traders completely ignored. Overall, last week's economic statistics in the UK were quite solid, but it didn't prevent the pound from falling due to renewed concerns over the national budget. The pound has declined not because of the Fed or Bank of England meetings, but due to more budget-related issues. From our point of view, this factor has already been priced in—how long can the market keep selling off the pound based on a single, fairly localized concern? However, one must understand that market makers may have a different opinion. In any case, we rely on technical analysis, which visualizes the current situation on the market. At this time, the short-term trend is downward, so short positions are preferred. It's also worth noting that the price consolidated below the 1.3466–1.3475 level, which opens the way for new short trades. 5M chart of GBP/USD On the 5-minute time frame, a very good sell signal was generated on Friday—at a time when traders expected a rise. Nevertheless, the signal allowed for entering short positions. By the start of the U.S. session, the nearest target zone at 1.3466–1.3475 had been reached, so profits could have been locked in. A bounce off this zone also suggested potential buy entries, but that signal turned out to be false. How to Trade on Monday: On the hourly chart, the GBP/USD pair has consolidated below the trend line, which points to a potential new technical correction after several weeks of upward movement. As we've mentioned before, we see no valid grounds for a medium-term rally of the U.S. dollar, so in the medium term we continue expecting movement to the upside. The daily chart clearly shows the current trend. On Monday, the GBP/USD pair may continue to decline. A consolidation below the 1.3466–1.3475 area would allow for opening new short positions with a target at 1.3413–1.3421. A consolidation above that area would permit opening long positions with a target at 1.3529–1.3543. On the 5-minute chart, trading can currently be based on the following levels: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 Monday, speeches are scheduled in the UK from Bank of England Chief Economist Huw Pill and Bank of England Governor Andrew Bailey. We believe both Pill and Bailey may share new, important market-moving information—particularly concerning the budget for the next fiscal year. Main Rules of the Trading System: Signal strength is determined by how long it takes to form (a bounce or breakout). The less time it takes, the stronger the signal.If there have already been two or more false signals generated near a level, all subsequent signals from that level should be ignored.In a flat market, any pair can generate a lot of false signals or none at all. In any case, trading should stop at the first signs of sideways price action.Trades should be opened between the start of the European session and the middle of the U.S. session. All trades should be closed manually after this period.On the hourly timeframe, MACD signals are best used only when there is good volatility and a trend confirmed by a trend line or channel.If two levels are too close together (between 5 and 20 points), consider them as a support or resistance area rather than individual levels.Once the price goes 20 points in the correct direction, the Stop Loss should be moved to breakeven.What's on the chart: Support and resistance price levels are the targets when opening buy or sell trades. Take Profit levels can be set around them.Red lines are channels or trend lines showing the current trend and indicating the preferred trading direction.MACD indicator (14,22,3) – histogram and signal line – is an auxiliary indicator that can also be used as a signal source.Important speeches and reports (always listed in the news calendar) can significantly impact the movement of a currency pair. During such events, it's recommended to trade with maximum caution or exit the market altogether to avoid sharp price reversals against the preceding trend. Forex market beginners should remember that not every trade can be profitable. Developing a clear strategy and sound money management are the keys to long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

Friday Trade Analysis:1H EUR/USD Chart The EUR/USD currency pair continued its downward movement on Friday and may break through the ascending trend line as early as today. The euro has been falling for three consecutive days now, which is somewhat puzzling. Most recent data and news have not been negative for the euro or particularly positive for the dollar. The pair began its decline last Wednesday evening, right after the Fed announced the dovish results of its meeting. The fall continued through Thursday and Friday, driven in part by strong pressure on the pound sterling due to renewed budget and debt issues in the UK. However, this process should come to an end soon. Nothing has changed recently for the U.S. dollar that would justify a strong recovery. However, if the price breaks through the trend line, the current trend will turn bearish, and further decline should be expected. There were no noteworthy events on Friday in either the Eurozone or the UK. 5M EUR/USD Chart On the 5-minute timeframe, two buy signals formed on Friday around the 1.1737–1.1745 level. Both turned out to be false, and the second one ideally should not have been executed, since it occurred just a few hours before market close and didn't allow for a breakeven Stop Loss to be placed safely. In the first case, the price moved up 15 points, which allowed for setting a breakeven Stop Loss. How to Trade on Monday:On the hourly timeframe, the EUR/USD pair has good potential for growth, but in the short term, the trend may change to bearish. The fundamental and macroeconomic background remains negative for the USD, so we still do not expect strong appreciation of the U.S. currency. From our perspective, the dollar may rely only on technical corrections. The Fed meeting brought no significant changes for the dollar's outlook. On Monday, the EUR/USD pair may resume its upward movement if it bounces off the ascending trend line. If it doesn't, further decline should be expected, with a target in the 1.1655–1.1666 level. However, since the price has been falling for three straight days, a pullback upward may occur before a new wave of decline. On the 5-minute TF, 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, 1.1737–1.1745, 1.1808, 1.1851, 1.1908, 1.1970–1.1988. On Monday, there are no important or interesting events scheduled in either the Eurozone or the U.S. Traders will have nothing significant to react to, so volatility may be low. Main Rules of the Trading System: The strength of a signal depends on how quickly the signal is formed (bounce or breakout). The faster the formation, the stronger the signal.If two or more false signals form around a specific level, all subsequent signals from that level should be ignored.During flat (sideways) markets, any currency pair may generate many false signals—or none at all. At the first sign of a flat market, it's better to stop trading.Trade entries should be made between the beginning of the European session and the middle of the U.S. session. All open trades should be closed manually by the end of this period.Signals from the MACD indicator on the hourly TF should only be used when there is good volatility and a confirmed trend (validated by a trend line or trend channel).If two levels are located too close to each other (between 5 to 20 points), consider them as a price area (support or resistance zone), not as individual levels.After 15 pips of movement in the correct direction, set the Stop Loss to breakeven.What's Displayed on the Charts: Support and resistance price levels – these are target zones for opening buy or sell trades. Take Profit levels can be placed near them.Red lines – channels or trend lines that show the current trend and the preferable direction for trading.MACD Indicator (14,22,3) – histogram and signal line – an auxiliary tool that can serve as a signal source.Important speeches and reports (always listed in the economic news calendar) can significantly influence currency pair movements. During their release, it's recommended to trade cautiously or exit the market altogether to avoid sharp price reversals.Beginners in forex trading should remember that not every trade can be profitable. Developing a solid strategy and practicing sound money management are key elements for long-term success in trading. The material has been provided by InstaForex Company - www.instaforex.com

The GBP/USD currency pair continued its downward trend on Friday, and it was much more pronounced than what we saw with the EUR/USD pair. This allows us to immediately conclude that it was the British pound that started the decline first — and it had specific reasons for doing so. The euro simply followed. Why did the British pound fall? The meetings of the Federal Reserve and the Bank of England had absolutely nothing to do with it, as the British central bank decided to maintain its monetary policy parameters, did not signal any upcoming rate cuts, and only slightly trimmed its quantitative easing (QE) program. Meanwhile, the Fed lowered its key rate and hinted at the possibility of two more rate cuts by the end of the year. Consequently, the results of these two meetings should have been interpreted in favor of the British currency. Nevertheless, the pound began falling on Wednesday evening. That initial drop can be explained by the market preemptively reacting to the expected Fed rate cut and then engaging in profit-taking. But other factors later came into play—namely, one primary factor. Recall that over the past few months, the UK government has been working on its financial plan for 2026. The draft budget is running a deficit, which implies another increase in national debt. At the same time, the yield on British bonds is steadily rising, making government borrowing more expensive. This further deepens the budget deficit. A few months ago, Rachel Reeves came under heavy criticism in Parliament and even broke into tears during a session, which immediately triggered a sharp decline in the pound. A few weeks later, UK bond yields rose to their highest levels since 1998, sparking another sell-off of the pound. Last Thursday, it was reported that British national debt grew at a record pace in August, and that in order to reduce the budget deficit in 2026, taxes would need to be raised. This news triggered the third pound crash. We've said before that the British pound had little to no merit in its 2025 rally. The dollar was falling, and the pound was simply reaping the benefits. Were it not for the financial issues in the UK, the pound would be worth significantly more right now. But Britain is sabotaging its own currency, thereby holding back its growth. It's important to note that many economically and technologically developed countries don't benefit from a strong national currency. The more expensive the currency, the lower the export volumes. So it's hard to argue that a strong pound is really beneficial for Britain. Even with the pound steadily weakening over the last 17 years, the UK economy continues to struggle post-Brexit — and that's already been 9 years. While the economy does occasionally show growth, overall it resembles stagnation more than anything. Average volatility for the GBP/USD pair over the last five trading days is 96 points, which is considered "average" for this pair. On Monday, September 22, we expect the pair to move within the range defined by the 1.3370 and 1.3562 levels. The senior linear regression channel is trending upward, indicating a clear uptrend. The CCI indicator once again entered oversold territory, which served as another warning of a likely resumption of the uptrend. Nearest support levels: S1 – 1.3428S2 – 1.3367S3 – 1.3306Nearest resistance levels: R1 – 1.3489R2 – 1.3550R3 – 1.3611Trade Recommendations: The GBP/USD currency pair is undergoing another correction, but its long-term outlook hasn't changed. Donald Trump's policies will likely continue putting pressure on the dollar, so we do not expect any major rally from the U.S. currency. Thus, long positions with targets at 1.3672 and 1.3733 remain more relevant as long as the price remains above the moving average. If the price is below the MA, minor short positions can be considered on purely technical grounds. From time to time, the U.S. dollar does show brief corrections (as it is doing now), but for a sustained upward trend, it needs fundamental indicators such as the clear conclusion of the global trade war or other major positive developments. Explanation of chart elements: Linear regression channels help determine the current trend. If both are pointing in the same direction, it indicates a strong trend.The moving average line (settings: 20.0, smoothed) determines the short-term trend and the direction in which to trade.Murray levels – target zones for price movement and corrections.Volatility levels (red lines) – represent the likely price channel where the pair may stay for the next 24 hours based on current volatility levels.CCI Indicator – when the indicator enters the oversold area (below -250) or overbought area (above +250), it signals an approaching trend reversal in the opposite direction.The material has been provided by InstaForex Company - www.instaforex.com

The EUR/USD currency pair continued its downward movement throughout Friday, which began Wednesday evening. After these 2.5 days, it's difficult to say the euro depreciated significantly or that the dollar strengthened dramatically. Nonetheless, the price has consolidated below the moving average line, which at the very least prevents us from considering long positions in the near term as the most logical approach. Despite the pair's decline in the final days of last week, our expectations remain entirely unchanged. We still see no fundamental reason for the dollar to grow in the medium term. It's just that the upward movement is no longer as strong as it was in the first six months of this year. The dollar continues to lose value, but we're talking about the forex market—one of the largest in the world. The U.S. currency, which still retains its "safe haven" status, simply cannot fall every day or every week. However, the global fundamental background continues to point firmly toward the weakening of the U.S. dollar. What changed last week? In our view—nothing. The most important event, the Federal Reserve meeting, merely confirmed traders' dovish expectations. The Fed is now positioned to carry out two more rate cuts by the end of the year, exceeding its own early-year forecasts. And as for what will happen in 2026 or even in the next few months under Donald Trump—no one knows. It should be noted that the labor market could continue contracting, since a single rate cut is unlikely to save it. Inflation may continue to rise, as none of the U.S. courts have struck down Trump's import tariffs. Trump himself may implement new tariffs against India and China, and he's demanding similar measures from the European Union. At the same time, in early November, a large portion of these tariffs could be declared illegal by the Supreme Court—the final authority in the matter. As a result, even in the next few months, macroeconomic data and global developments could drastically influence the Fed's monetary policy. And this is not to mention Trump's own actions, aimed—most agree—at "reformatting" the FOMC's composition. This is a lengthy process, but it could eventually yield results. When the market senses that the Fed is losing its independence and rates are poised to fall rapidly, the dollar could plummet once again. It's also worth noting that on the weekly timeframe, the pair rebounded from a global downward trendline, and on the 4-hour chart, the CCI indicator had entered the overbought territory. The euro also suffered a "bearish" blow from the British pound, which, due to its own issues, sharply declined at the end of the week and dragged the euro down with it. However, we believe this is merely another technical correction. Average volatility for the EUR/USD pair over the last 5 trading days, as of September 22, is 90 points, which is considered "average." On Monday, we expect movement between the levels of 1.1656 and 1.1836. The senior linear regression channel is still aimed upward, indicating a continuing uptrend. The CCI indicator entered overbought territory last week, which may have triggered this new wave of downward correction. Nearest Support Levels: S1 – 1.1719S2 – 1.1597S3 – 1.1475Nearest Resistance Levels: R1 – 1.1841R2 – 1.1963Trade Recommendations: The EUR/USD pair has started a new wave of corrective movement; however, the uptrend remains intact, which is evident across all timeframes. The U.S. currency remains under strong pressure from Donald Trump's policies, and he shows no signs of "backing down." The dollar has risen for as long as it could (a full month), but now it seems we are entering a new phase of prolonged decline. When the price is below the moving average, short positions may be considered with targets at 1.1719 and 1.1656 on purely technical grounds. Above the moving average line, long positions remain relevant with targets at 1.1841 and 1.1963 in continuation of the trend. Explanation of the chart elements: Linear regression channels help identify the current trend. If both channels are aimed in the same direction, the trend is considered strong.The moving average line (settings: 20.0, smoothed) defines the short-term trend and the direction in which to trade.Murray levels – target levels for movements and corrections.Volatility levels (red lines) – the likely price channel where the pair may trade over the next 24 hours, based on current volatility metrics.The CCI Indicator – when it enters oversold territory (below -250) or overbought territory (above +250), it signals a potential trend reversal in the opposite direction.The material has been provided by InstaForex Company - www.instaforex.com

[USDX] – [Monday, September 22, 2025] With the RSI in the Neutral-Bullish area and supported by both EMAs forming a Golden Cross, #USDX is likely to strengthen to its nearest Resistance in the near term. Key Levels 1. Resistance. 2 : 98.09 2. Resistance. 1 : 97.85 3. Pivot : 97.55 4. Support. 1 : 97.31 5. Support. 2 : 97.01 Tactical Scenario Positive Reaction Zone: If the price breaks out and closes above 97.85, #USDX has the potential to strengthen to 98.09. Momentum Extension Bias: If 98.09 is breached and closes above, it has the potential to continue its rally to 98.39. Invalidation Level / Bias Revision The upside bias weakens if the price declines and breaks through to close below 97.01. Technical Summary EMA(50) : 97.55 EMA(200): 97.31 RSI(14) : 69.58 Economic News Release Agenda: Today, there are no economic data releases from the United States session. The material has been provided by InstaForex Company - www.instaforex.com

[Crude Oil] – [Monday, September 22, 2025] Although the RSI is in the Neutral-Bullish area, but with both EMAs crossing in a Death Cross configuration, #CL is likely to weaken in the near term down to its closest support level. Key Levels 1. Resistance. 2 : 64.04 2. Resistance. 1 : 63.35 3. Pivot : 62.98 4. Support. 1 : 62.29 5. Support. 2 : 61.92 Tactical Scenario Pressure Zone: If price breaks down below 62.98, it has the potential to move towards 62.29. Momentum Extension Bias: If 62.29 is breached and closed below, it is likely to continue down to 61.92. Invalidation Level / Bias Revision The downside bias is contained if the price strengthens and breaks out to close above 64.04. Technical Summary EMA(50) : 63.09 EMA(200): 63.45 RSI(14) : 57.67 Economic News Release Schedule: Today, there are no economic data releases from the United States session. The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD 5-Minute Analysis The GBP/USD currency pair continued its downward movement on Thursday and Friday, having earlier broken through the ascending trend line. From a technical perspective, the decline of the British pound was fairly easy to predict. As mentioned before, the trend line was breached—an important signal of movement against the prevailing trend. However, last week unfolded in a highly pessimistic scenario for the pound. Most of the macroeconomic data from the UK was moderately positive. The Federal Reserve meeting can be considered dovish, and the Bank of England meeting was neutral. Despite that, the pound showed a strong decline over the past three weeks due to renewed budget issues in the UK. Technically, the price has approached the Senkou Span B line, which serves as the last support level for the British currency. A rebound from this line could trigger a resumption of the uptrend on all timeframes. It's important to understand that a budget deficit is serious, but, for example, in the U.S., a budget deficit is a common occurrence that has persisted for years—and yet this has not stopped the U.S. dollar from gaining against its European counterparts over the past 16–17 years. The budget issue may have already been priced in by the market. On the 5-minute chart, a sell signal was formed in the first hour of the European trading session on Friday. The price confidently broke through the 1.3525–1.3548 level, allowing traders to open short positions. During the early U.S. session, the Senkou Span B line was tested, and traders could have either taken profit on their short positions or opened long positions. Although upward movement did not materialize, the second trade was not a loss—the price moved up the required 20 points. COT Report The COT (Commitment of Traders) reports on the British pound show that commercial traders' sentiment has been constantly shifting in recent years. The red and blue lines, representing the net positions of commercial and non-commercial traders, continually cross over and are generally near the zero mark. At present, they are still at almost the same level, indicating an approximate balance between long and short positions. The dollar continues to decline due to Donald Trump's policies, so demand among market makers for the pound is not especially high right now. The trade war is likely to persist in one form or another for quite some time. The Federal Reserve is expected to cut interest rates within the next year. As a result, demand for the dollar will likely continue to fall. According to the latest COT report on the British pound, the "Non-commercial" group opened 5.9K buy positions and closed 21.1K sell positions. Thus, the net position of non-commercial traders increased by 27K over the week. In 2025, the pound rose significantly, but the reason for this rally was singular—Donald Trump's policies. Once this factor diminishes or is neutralized, the dollar may resume its growth. However, when this might occur is unknown to anyone. The speed at which the pound's net position is growing or shrinking doesn't really matter; it's the dollar's net position that continues to decrease and typically at a faster pace. GBP/USD 1-Hour Analysis On the hourly timeframe, the GBP/USD pair pulled back last week due to negative fundamental factors. It's fair to say that a new downward trend has begun. The Senkou Span B line may help the British currency stay afloat, but its breach would open the door to further downside. The dollar still lacks strong global reasons to strengthen, but technical factors shouldn't be ignored. Key levels for September 22: 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 (1.3460) and the Kijun-sen (1.3581) can also generate signals. A recommended Stop Loss can be set to breakeven once the price moves 20 points in the intended direction. Keep in mind that the Ichimoku indicator lines may shift throughout the day, which should be considered when determining trade signals. On Monday, speeches are scheduled in the UK by Bank of England Governor Andrew Bailey and Chief Economist Huw Pill. Considering the recent budget and government debt issues, both officials may address the topic. In general, both Pill and Bailey speak relatively rarely, and their speeches usually attract significant market attention. Trade Recommendations: On Monday, traders can consider trading off the Senkou Span B line. A rebound from this level would allow for opening long positions with a target at 1.3533–1.3548, while a break below it opens the way for shorts with targets at 1.3420 and 1.3377. Legend for the illustrations: Support and resistance price levels – thick red lines. These indicate where price movement may end. They are not direct sources of trading signals.Kijun-sen and Senkou Span B – lines from the Ichimoku indicator, applied to the 1-hour chart from the 4-hour chart. These are strong technical lines.Extremum levels – thin red lines representing previous bounce points. These are sources of trading signals.Yellow lines – trend lines, trend channels, and other technical patterns.COT Indicator 1 on the charts – represents the net position size of each trader category.The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD 5-Minute Analysis On Friday, the EUR/USD currency pair continued its decline, which it was "not at fault" for and did not deserve. Recall that the ECB meeting could reasonably be considered "conditionally hawkish," while the Fed meeting was "dovish." On Thursday and Friday, there were no significant macroeconomic releases in the Eurozone or the U.S. that could have triggered the euro's fall. The problem lay with the British pound, which had a mixed reaction to the Bank of England meeting (the only "dovish" decision was to reduce the volume of the QE program), and then collapsed due to new budgetary problems in the UK. The euro simply followed its "brother," as often happens due to the high correlation between the two currencies. Technically, in the hourly time frame, the situation has not changed at all. The upward trend line remains relevant, and on Friday, the price failed to break through it. Thus, a rebound from this line, as well as from the support level of 1.1750–1.1760, could trigger a new wave of growth in the euro. A consolidation below the trend line would provoke a decline, at least to the Senkou Span B line. On the 5-minute chart, trading signals on Friday are not worth analyzing. There was no macroeconomic background that day, the euro fell following the pound, and volatility was once again not particularly high. During the European session, the price rebounded twice from the 1.1750–1.1760 level, which could have been a signal to go long, but both signals proved false. The pound dragged the euro down all day, while the euro resisted with all its might. COT Report The latest COT report is dated September 16. The illustration above clearly shows that the net position of non-commercial traders had long been "bullish," with the bears only briefly gaining dominance at the end of 2024, which they quickly lost. Since Trump took office as U.S. president for the second time, the dollar has been falling. We cannot say with 100% certainty that the fall of the U.S. currency will continue, but current global developments strongly suggest this scenario. We still see no fundamental factors supporting the strengthening of the euro, while there are plenty of factors for a decline in the U.S. dollar. The long-term downtrend remains in effect, but at this point, does it really matter where the price was heading over the last 17 years? Once Trump ends his trade wars, the dollar may trend upward again, but recent events have shown that the war will continue in one form or another. A possible loss of Federal Reserve independence is another powerful pressure factor on the U.S. currency. The positioning of the red and blue lines of the indicator continues to point to a "bullish" trend. Over the last reporting week, the number of long positions in the "Non-commercial" group decreased by 4,800, while the number of short positions increased by 3,100. Thus, the net position fell by 7,900 contracts for the week. EUR/USD 1-Hour Analysis On the hourly time frame, the EUR/USD pair maintains an upward trend. Over the past few days, the price has been undergoing a correction, but as long as it stays above the trend line, the upward trend remains valid. There were no significant reasons for the euro to fall, but the British pound played a "bearish trick," and technical corrections are a natural occurrence. On Monday, it will be important to determine whether the trend line, which has provided consistent support for the euro, remains relevant. For September 22, we highlight the following trading levels: 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 line (1.1694) and the Kijun-sen line (1.1823). The Ichimoku indicator lines may shift throughout the day, which should be taken into account when identifying trading signals. Don't forget to set a Stop Loss at breakeven if the price moves in the intended direction by 15 points. This will help avoid potential losses if the signal turns out to be false. On Monday, there are no important events or releases scheduled in the Eurozone or the U.S., so volatility may be low. The key focus for Monday is the trend line and how traders behave around it. Trading Recommendations On Monday, the pair may resume its move northward, as the uptrend remains intact, and there are still no fundamental factors supporting dollar growth. However, a break below the trend line will open the path for considering short positions with a target at the Senkou Span B line. Explanation of illustrations: Support and resistance price levels – thick red lines where the movement may end. Not sources of trading signals.Kijun-sen and Senkou Span B lines – Ichimoku indicator lines transferred to the 1-hour time frame from the 4-hour chart. They are strong lines.Extremum levels – thin red lines from which the price has previously bounced. These are sources of trading signals.Yellow lines – trend lines, trend channels, and any other technical patterns.The material has been provided by InstaForex Company - www.instaforex.com

EUR/USDThe euro exchange rate has approached the support of the daily Kijun line (1.1720). A consolidation below this level would signal that the EUR/USD pair is ready to continue its decline toward the target level of 1.1632 (the peak from June 12). However, the Marlin oscillator is still in positive territory, so it would be beneficial for the euro to slow down a bit and prepare for a downward breakout—possibly tomorrow, when there will be a showdown between the PMI indices of Europe and the United States. On the four-hour chart, conditions are forming in favor of the dollar winning the PMI battle, as the price has settled below both indicator lines, and the Marlin oscillator has moved deeply into the negative area and is already poised for consolidation, preparing for an even deeper decline. We expect the main developments to unfold tomorrow. The material has been provided by InstaForex Company - www.instaforex.com

GBP/USDBy the end of Friday, the price consolidated below the 1.3525 level and below the Kijun line on the daily scale. The price now only needs to break through the balance line (the red moving average). The Marlin oscillator has settled in the territory of a downward trend, so breaking through the balance line appears to be only a matter of time. The target level at 1.3364 is now open, and the price is moving toward it. The support at 1.3364 is strong, so a correction is possible from there. On the four-hour chart, the signal line of the Marlin oscillator shows signs of developing consolidation. With such behavior from the oscillator, the price may continue its decline, but at a much slower pace. Tomorrow, the UK will release data on business activity in the services and manufacturing sectors. Forecasts for the indicators are mixed. We expect a market impulse tomorrow. The material has been provided by InstaForex Company - www.instaforex.com

XRP price started a fresh decline below the $3.00 zone. The price is now showing bearish signs and might decline further below the $2.880 zone. XRP price is moving lower below the $3.00 support zone. The price is now trading below $2.950 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.980 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.880. XRP Price Dips Below Support XRP price failed to extend gains above $3.20 and started a fresh decline, like Bitcoin and Ethereum. The price dipped below the $3.050 and $3.020 support levels. The bears even pushed the price below $3.00. A low was formed near the $2.880 support, and the price is now consolidating losses well below the 23.6% Fib retracement level of the recent decline from the $3.138 swing high to the $2.880 low. The price is now trading below $3.00 and the 100-hourly Simple Moving Average. Besides, there is a bearish trend line forming with resistance at $2.980 on the hourly chart of the XRP/USD pair. If the bulls protect the $2.880 support, the price could attempt another increase. On the upside, the price might face resistance near the $2.950 level. The first major resistance is near the $3.00 level and the trend line. A clear move above the $3.00 resistance might send the price toward the $3.080 resistance or the 76.4% Fib retracement level of the recent decline from the $3.138 swing high to the $2.880 low. Any more gains might send the price toward the $3.120 resistance. The next major hurdle for the bulls might be near $3.150. More Downside? If XRP fails to clear the $3.00 resistance zone, it could continue to move down. Initial support on the downside is near the $2.880 level. The next major support is near the $2.80 level. If there is a downside break and a close below the $2.80 level, the price might continue to decline toward $2.740. The next major support sits near the $2.650 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.880 and $2.80. Major Resistance Levels – $2.950 and $3.00.

AUD/USD The AUD/USD pair has been declining for the fourth consecutive day. It is approaching support at the Kijun line around the 0.6565 level. The signal line of the Marlin oscillator is also nearing the neutral zero line – a support area. It's likely that a price correction will occur from the 0.6565 level, along with a rebound in the oscillator. Then (on Wednesday or later), the price may consolidate with renewed momentum below the Kijun line and continue its downward path toward the target level of 0.6450. This is the main scenario. A shift to an alternative scenario of growth would only be possible after the pair overcomes the resistance level at 0.6668. On the H4 (4-hour) chart, the Marlin oscillator has already indicated a corrective reversal upward. However, since Marlin is a leading indicator, the price may still reach 0.6565. If it doesn't, the price risks entering a short-term period of random movement, which would likely appear as a sideways correction. The material has been provided by InstaForex Company - www.instaforex.com

Gold is trading around 3,689, close to its all-time high and within the upward trend channel formed since September 5. Gold is showing a strong positive signal, so it is likely to reach 3,718 in the coming days and could even reach the 8/8 Murray around 3,750. If the gold price falls below its weekly close around 3,685, we could expect a technical correction toward the 7/8 Murray support or around 3,666, where the 21SMA is located. If gold consolidates above 3,660, it will be seen as an opportunity to resume long positions, with targets at 3,700 and 3,750. A break and consolidation below 3,666 could revive bearish pressure, and gold could reach support at 3,637. If the price breaks this level, it could drop to the 6/8 Murray level at 3,593. The Eagle indicator is showing a positive signal, so any pullback in gold is likely seen as an opportunity to continue buying. The material has been provided by InstaForex Company - www.instaforex.com

The euro is trading around 1.1730, reaching the support levels of the uptrend channel formed on August 26. The EUR/USD pair is under bearish pressure following the Fed's interest rate decision unveiled last week. A recovery in EUR/USD is likely in the coming days. We could then look for a possible buy zone around 1.1700. The area where the Murray 8/8, the bottom of the uptrend channel, and the 200 EMA converge could serve as good support for the euro. Therefore, we could expect a technical rebound above this area, which will be seen as a buying opportunity. Conversely, if the euro breaks below 1.1703 and consolidates below this area, the instrument under bearish pressure could reach 1.1506 or even the psychological level of 1.1500. The Eagle indicator is showing a negative signal. So, in case of any technical bounce and trading below 1.1840 will be seen as a signal to continue selling in the coming days. The material has been provided by InstaForex Company - www.instaforex.com

Ethereum price started a fresh decline below $4,550. ETH is now consolidating and might decline further if it breaks the $4,250 support zone. Ethereum failed to extend gains and declined below the $4,550 zone. The price is trading below $4,450 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $4,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,400 and $4,450. Ethereum Price Dips Sharply Ethereum price failed to continue higher above the $4,650 zone and started a fresh decline, like Bitcoin. ETH price declined below the $4,600 and $4,550 support levels. The bears even pushed the price below $4,420. A low was formed at $4,264 and the price is now consolidating losses and is well below the 23.6% Fib retracement level of the downward wave from the $4,637 swing high to the $4,264 low. Ethereum price is now trading below $4,400 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $4,350 level. The next key resistance is near the $4,400 level. The first major resistance is near the $4,450 level. Besides, there is a key bearish trend line forming with resistance at $4,450 on the hourly chart of ETH/USD. A clear move above the $4,450 resistance might send the price toward the $4,500 resistance or the 61.8% Fib retracement level of the downward wave from the $4,637 swing high to the $4,264 low. An upside break above the $4,500 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,550 resistance zone or even $4,620 in the near term. Another Decline In ETH? If Ethereum fails to clear the $4,350 resistance, it could start a fresh decline. Initial support on the downside is near the $4,250 level. The first major support sits near the $4,220 zone. A clear move below the $4,220 support might push the price toward the $4,150 support. Any more losses might send the price toward the $4,120 region in the near term. The next key support sits at $4,050. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $4,250 Major Resistance Level – $4,350

Bitcoin price failed to extend gains above $117,750. BTC is now moving lower and might even test the $113,200 support zone. Bitcoin started a fresh decline below the $115,500 zone. The price is trading below $115,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $115,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $116,000 zone. Bitcoin Price Dips Again Bitcoin price started a fresh upward wave above the $116,500 zone. BTC managed to climb above the $116,800 and $117,500 resistance levels before the bears appeared. A high was formed at $117,920 and the price started a fresh decline. There was a move below the $116,500 and $115,500 levels. The decline gained pace below the $115,000 level. A low was formed at $114,237 and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $117,920 swing high to the $114,237 low. Bitcoin is now trading below $115,500 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $115,200 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $115,000 level. The first key resistance is near the $115,250 level. The next resistance could be $116,000 or the 50% Fib retracement level of the recent decline from the $117,920 swing high to the $114,237 low. A close above the $116,000 resistance might send the price further higher. In the stated case, the price could rise and test the $116,500 resistance level. Any more gains might send the price toward the $116,800 level. The next barrier for the bulls could be $117,250. More Losses In BTC? If Bitcoin fails to rise above the $116,000 resistance zone, it could start a fresh decline. Immediate support is near the $114,250 level. The first major support is near the $113,500 level. The next support is now near the $113,250 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, below which BTC might decline heavily. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $114,250, followed by $113,250. Major Resistance Levels – $115,000 and $116,000.

Nine days after a damaging exploit drained assets from its Shibarium bridge, Shiba Inu’s developers have issued their most detailed update yet. The update outlines containment measures while conceding to profound structural weaknesses in the project’s validator network. The attack on September 12 exploited a flaw at the heart of Shibarium’s proof-of-stake bridge, where validators confirm cross-chain transactions. According to core contributor Kaal Dhairya, attackers secured temporary control of ten of the network’s twelve signing keys, an extraordinary level of compromise. They used that access to push through fraudulent exit transactions. Assets including ETH, SHIB, and ROAR were siphoned from the bridge, with blockchain analytics firm PeckShield estimating total losses at $2.3M. shiba inuPriceMarket CapSHIB$7.54B24h7d1y Dhairya “My Loyalty is To SHIB’: Developer Leads Rallying Cry For SHIB Army Although the sum is modest by the standards of high-profile DeFi hacks, the reputational damage is far greater. Shibarium was intended to elevate Shiba Inu from meme-coin notoriety into a credible DeFi infrastructure. Instead, the breach exposed validator centralization, inadequate key rotation, and custody practices dependent on cloud systems such as AWS KMS, all creating a single point of failure. Since the incident, the bridge has remained frozen, stranding user assets and raising questions about recovery. Dhairya confirmed that investigators are considering multiple routes: cooperation with law enforcement, bounty offers to entice a return of funds, or using treasury reserves and insurance mechanisms. None have been finalized, and developers have warned that any official claims process will only be announced through verified channels to prevent opportunistic scams. Containment has focused on immobilizing the attacker’s stake in BONE tokens and restricting bridge operations to prevent further unauthorized exits. Validator signers have been rotated, control of contracts migrated to multi-party hardware modules, and additional circuit breakers added at the contract layer. Independent forensic specialists are now assessing whether the compromise stemmed from developer machine exposure, cloud service vulnerability, or a supply-chain intrusion. Until those reviews conclude, the bridge will not be reopened. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now SHIB Developers Left ‘Broken’ After Cyber Attack: Hints At Former Contributor Involvement? The update reflects frustration within the core team. In a candid statement, Dhairya acknowledged that the attack has left developers “broken” and questioned whether leadership structures within the Shiba Inu ecosystem have provided adequate support. Dhairya specifically mentions, “Hearing this will make many individuals and former team members extremely happy and satisfied. So congratulations on the win.” His remarks highlight the strain of managing a billion-dollar token community with limited treasury resources, opaque governance, and persistent external skepticism/FUD. For Shiba Inu investors, the episode underscores the systemic trade-offs facing layer-2 projects. Networks that scale quickly often do so by concentrating validator power, cutting corners on decentralization in exchange for efficiency. That expedience can unravel once keys are compromised. The fact that ten validators fell in a single strike suggests that Shibarium’s decentralization was more aspirational than real; a perception that may weigh heavily on market confidence even if funds are eventually compensated. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 Where Does SHIB Go From Here? The next phase is decisive. Developers say the bridge will not resume until independent reviews sign off on mitigations, post-incident integrity checks pass, and drills confirm resilience. Only then will a phased reopening be attempted, with rollback options in place. Once the network is secure, a full technical postmortem and a community-approved remediation plan will be published. For now, Shibarium remains offline, its users locked out, and the project’s credibility under pressure. How Shiba Inu resolves this breach, swiftly, transparently, and decisively, or otherwise, will determine whether it emerges as a hardened DeFi contender or risks slipping back into meme coin irrelevance. DISCOVER: 16+ New and Upcoming Binance Listings in 2025 The post Shiba Inu Developers ‘Broken’ By $2.3M Exploit: Rallying Call to SHIB Army appeared first on 99Bitcoins.

According to the Ripple chief technology officer, a number of banks have started to adopt XRP for payments and one planned bank tied to Ripple will run entirely on the XRP Ledger. That claim comes as Ripple seeks a New York banking charter, a Federal Reserve master account, and says it will conform with ISO 20022 messaging standards used by major banks. Reports have disclosed that these steps aim to make the token useful for large-scale settlement work. Banks Begin Real-World Use DBS and Franklin Templeton signed a memorandum of understanding this week to work on tokenized trading and lending products, reports disclosed. Franklin Templeton’s sgBENJI, a US dollar money market fund token, is launching on DBS Digital Exchange. Ripple’s RLUSD stablecoin is being used to support trading activity and is reported to be valued at nearly $730 million. DBS is also exploring the acceptance of sgBENJI as repo collateral, which would add liquidity for tokenized assets. Lim Wee Kian of DBS said the move is a step toward offering institutional-grade digital asset services. Stablecoins, Custody, And Switching Between Assets According to Nigel Khakoo of Ripple, the system makes it easier to move between stablecoins and yield-generating tokens within a single setup. Franklin Templeton said it selected the XRP Ledger for cost and speed reasons, and for its role in scaling tokenized securities. Reports also name BNY Mellon as the custodian for reserves backing RLUSD, a detail that underlines the institutional angle Ripple is pushing. Regulatory And Infrastructure Moves The token’s momentum follows legal and regulatory shifts in the US after Ripple’s long fight with the SEC. Reports note that more than 20 spot XRP ETFs are under consideration, a factor that could pull large institutional capital into the market. The Depository Trust & Clearing Corporation — which handles up to $4 quadrillion in settlements a year — has mentioned tokenization in its planning documents, and researchers point out how tokenized settlement rails might change back-office flows if adopted widely. Momentum Meets Caution Banks are said to be moving slowly. Early integration tests and compliance checks are still under way. Industry sources say the combination of custody arrangements, stablecoins, and ledger-based settlement could unlock multi-trillion-dollar flows if real-world tokenization proves reliable. But those sources also warn that large-scale adoption will take time and careful risk controls. Speculation On Prices XRP currently trades around $2.8. Market chatter has heated up since the token rose nearly 600% between November 2024 and January 2025. Some analysts forecast a move to $50; others, like Edoardo Farina of Alpha Lions Academy, have floated $100. A handful of commentators discuss targets at $1,000. A small vocal group even claims $10,000 is possible. One community pundit known as Xena said she believes it will reach that level “without a doubt,” a comment that highlights how much optimism lives alongside technical and regulatory progress. Featured image from Meta, chart from TradingView

Ronin, the blockchain behind the hit game Axie Infinity, has announced a new plan to strengthen its token economy through smart moves that have surged the RON price. Is it a good time to buy RON? Let’s dive in. The Sky Mavis-built network said on Sept. 21 that it will begin buying RON from the open market starting Sept. 29. Over about a month, the team will convert its Treasury’s 890 ETH and 650,000 USDC, roughly $4.5-$5M, into RON. At current prices, that equals about 1.3% of circulating supply. All purchases will be executed on-chain with third-party market makers, and the team stressed that no RON sales are planned. Ronin fits that theme. The blockchain gaming network plans to start about $4.5M in RON buybacks on September 29. Hydraze said he began buying near $0.48 and expects “the needle to start moving soon,” calling it a comfortable setup. Price action supports this view. According to Tradingview data, RON rebounded cleanly from the $0.47-$0.48 area, right where Hydraze placed his entry. (Source: RON USDT, TradingView) The bounce came with a clear volume pickup, a sign of fresh participation rather than a thin move. Technically, buyers have retaken key lines. RON is back above the 50-EMA ($0.505) and 100-EMA ($0.504), which had capped rallies earlier in September. After an intraday push above $0.56, the price consolidates at over $0.53. Holding that $0.52-$0.53 shelf would keep momentum on the bulls’ side and set up a $0.57-$0.58 retest. ronin tokenPriceMarket CapRON$534.53M24h7d1y The backdrop is still volatile. Mid-September rallies met quick profit-taking. Even so, the latest swing higher leaves a pattern of higher lows, which is constructive if volume stays firm. Green candles printing on rising volume add to that case. The near-term catalyst is the buyback start date. If treasury support arrives as planned and price holds the 50-EMA, traders will look to $0.60 as the next psychological test. Lose the 50-EMA, and pressure can quickly shift back toward $0.50. DISCOVER: Top Solana Meme Coins to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post RON Crypto to Go Parabolic as Ronin Reveals Token Burns: Time to Buy? appeared first on 99Bitcoins.

XRP has failed to maintain bullish momentum after pushing as high as $3.13 during the week. At the time of writing, XRP is trading around $3.00 and testing its resilience above this level after sliding alongside Bitcoin. The resulting price action is a defining moment for XRP’s short-term trend, according to technical analysis, and crypto analyst CasiTrades has pointed out a decisive support level that could determine whether the bullish structure remains intact. XRP Tests $2.98 Support Zone Taking to the social media platform X, crypto analyst CasiTrades highlighted an important support level that XRP must hold in order to continue its bullish momentum. According to CasiTrades, XRP’s most immediate challenge is at the $2.98 support line. The analyst’s technical analysis outlines an Elliott Wave formation now unfolding into an ABC corrective pattern. The analysis unfolds XRP’s price action since the beginning of September into Elliot Waves and suggests that XRP is now playing out Wave 4, which is a corrective wave divided into an ABC pattern. Although XRP is still holding above $2.98, momentum indicators such as the RSI on both the one-hour and four-hour timeframes show no bullish divergence, often a necessary condition for reversal. This puts the $2.98 level in the spotlight, and a break below it could increase the likelihood of further downside pressure. The analysis highlights the possibility of corrective Wave C extending below $2.98 towards Fibonacci retracement levels near the low $2.90s. The measured C wave extension points to the 0.618 Fib retracement, which is around $2.92 and $2.94. Interestingly, the 15-minute chart does reveal a short-term bullish divergence, offering a small window for relief bounces. However, without confirmation on the higher timeframes, such reactions are likely to remain temporary. The broader outlook, as outlined by the analyst, still leans toward the probability of another downward wave unless buyers step in strongly at $2.98 to restore confidence and preserve the larger bullish structure. Chart Image From X: CasiTrades Implications If XRP Holds Above $2.98 If buyers manage to hold above $2.98, XRP could stabilize and enter a consolidation phase that will create a foundation for the next leg higher. This consolidation would give the XRP price the breathing room it needs for an eventual upward attempt, one that would mark the beginning of an impulse Wave 5 formation within the Elliott Wave count. In this scenario, a decisive push through the $3.10 level becomes the first hurdle, and breaking it would confirm that bullish momentum is once again in play. Should XRP successfully clear $3.10 with volume and follow-through, the next target identified by the analyst is another resistance at $3.25. A sustained bullish momentum beyond this point could carry the price toward the next resistance at $3.44. At the time of writing, XRP is trading at $3.01, down by 2.8% in a seven-day timeframe. Preserving the bullish wave structure and holding above $2.98 at this point is essential to avoid the corrective pattern turning into a deeper downtrend. Featured image from Unsplash, chart from TradingView

Bitcoin’s slow ascent towards establishing new highs has continuously encountered significant opposition in the past few weeks. As the market currently stands in an uncertain zone, there are several questions and concerns about the future trajectory of the premier cryptocurrency. Below is how the latest on-chain data answers some of these questions How $117,000 Slowed Down BTC’s Rise In a September 20 post on social media platform X, Alphractal founder and CEO Joao Wedson reemphasized his early prediction of $117,000 as a critical resistance zone for the Bitcoin price. Wedson referenced his post published exactly a week ago, which utilized two main on-chain metrics — the CVDD (Cumulative Value Days Destroyed) Channel, and the Fibonacci-Adjusted Market Mean Price — in reaching his conclusion. For context, the CVDD Channel is centered around the amount of aged capital being sent into the market. This metric is typically used in highlighting zones of long-term support or resistance based on the movement of aged coins. Also, the Market Mean Price is the cost basis, on average, of all Bitcoin holders. By extension, the Fibonacci-Adjusted Market Mean Price is a metric that shows the average cost basis of Bitcoin, adjusted with specific Fibonacci ratios. It displays mathematical levels of extension or retracement around the Bitcoin average holder’s cost. According to the analyst, these two metrics had aligned perfectly, pointing out $117,000 as a zone where retracement was likely to occur. The convergence of these metrics showed not just the technical significance of this price level, but also reflected strong indecision in the market. What’s Next For Bitcoin? In the same post on X, Wedson pointed out specific price actions to watch out for in terms of Bitcoin’s price progression and what a potential breach could mean. Looking at the upside case, the analyst explained that a breakout above $118,600 would be a strong confirmation of heightening bullish momentum, which could “open the path for the next explosive move.” Wedson also warned about a potential downside, which hinges on a break below the $113,700 support. According to the crypto founder, this support breach could lead to a swift decline of Bitcoin’s value to as low as $110,000. A deeper correction could even drag Bitcoin to as low as $100,000—a price level that may attract institutions for accumulation. As of this writing, the price of BTC stands at around $115,660, reflecting no significant movement in the past 24 hours.

Neo Performance Materials (TSX: NEO) has officially opened its $75 million facility in Estonia, becoming the first to mass produce rare earth magnets for Europe’s automotive and wind energy sectors. The facility, according to media reports, began production on Friday, targeting an initial rate of 2,000 tonnes of magnets per year, enough to supply over a million electric vehicles or more than 1,000 offshore wind turbines. However, Neo’s chief executive Rahim Suleman sees further room for production growth given Europe’s reliance on China for its magnets. In an interview with the Financial Times, he says the EU is relying on China for 98% of its magnet use, which is “untenable” especially with demand set to almost triple in the next 10 years. As such, the company is planning to ultimately expand its annual production rate to 5,000 tonnes to match that projected demand. Neo’s plans also align with those of the EU, which aims to boost domestic processing of critical minerals such as rare earths to 40% by 2030, thereby reducing its reliance on China. The new facility, situated in the northeastern city of Narva, was supported by an EU grant of up to €18.7 million. “The rare earth magnets that will be produced here are indispensable to growth and innovation,” said European Commission president Ursula von der Leyen in a statement cited by FT. With the official plant opening, Neo announced on Friday it has signed contracts with German auto suppliers Schaeffler and Bosch. In a press release announcing its deal with Bosch, Suleman said: “This secures a significant portion of our future production and speaks to our strategy of prioritizing partnerships with the world’s largest and most innovative companies.” Estonian Prime Minister Kristen Michal, speaking at the plant’s opening ceremony, described the facility as “the most cost-efficient magnet factory ever built in the Western world.” The plant also sits next to Neo’s existing rare earth separation facility in Estonia.