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Avalanche (AVAX) has reclaimed a crucial level as support after its recent rally, fueled by multiple bullish developments for the ecosystem. Some analysts forecast a massive rally toward the start-of-year highs if the momentum holds. Avalanche Eyes 35%-40% Rally On Thursday, Avalanche hit a seven-month high of $29.99 after breaking out of its multi-month accumulation range and turning the $26.50 resistance into support for the first time since February. The cryptocurrency has been rallying over the past few days, currently printing five consecutive green candles in the daily timeframe. Analyst Sjuul from AltCryptoGems noted that AVAX had been pushing on the key resistance, holding a series of higher local lows before smashing past this area. A breakout from this resistance level could set the stage for a rally to the start-of-year range between $40-$45, the market watcher signaled in a previous analysis. Similarly, Rekt Capital highlighted that Avalanche had been “working to build a cluster of stability” since late July, which resembles the mid-2024 re-accumulation range that preceded Q4 2024’s breakout. According to the analyst, “if repeated, could open the green pathway toward the red resistance region that is increasingly confluent with the Macro Wedge top.” He explained that AVAX has been forming Higher Lows in the weekly timeframe, positioning the price slightly higher with each retest. As a result, a weekly close above the $26 area, followed by a successful post-breakout retest, would enable AVAX price to reclaim the $30 resistance region and attempt to retest the Macro Wedge Top, currently around the $35 mark. Market watcher CW pointed out that Avalanche’s next sell wall exists around the $35-$36 area, suggesting that the cryptocurrency could retest this level in the coming days if momentum continues. Meanwhile, the next major support zone sits around the $24 level, which could be revisited in case of a rejection from the key resistance. Crypto Treasuries, Partnerships Drive Momentum As the market turns green again, multiple bullish developments have also fueled AVAX’s rally. According to recent reports, the Avalanche Foundation, the nonprofit behind the project, is seeking to raise $1 billion to establish two US-based crypto treasury vehicles. One of the deals, led by Hivemind Capital and advised by SkyBridge’s founder Anthony Scaramucci, aims to raise up to $500 million in a private investment in a Nasdaq-traded company. It is expected to be completed by the end of September. The other deal, which is expected to be closed in October, seeks to raise the same amount and involves a special purpose acquisition (SPAC) vehicle sponsored by Dragonfly Capital. Notably, the funds from the two deals will reportedly be destined to purchase millions of AVAX from the Avalanche Foundation’s reserves, which could continue to fuel momentum for the cryptocurrency. Meanwhile, Ava Labs secured a strategic partnership with Toyota Blockchain Lab to build a blockchain-based system, the Mobility Open Network (MON), designed to pave the road for new emerging use cases, including robotaxi fleets. Additionally, the company behind the Avalanche Network also signed a Memorandum of Understanding (MoU) agreement with WeBlock to push Real-World Asset (RWA) tokenization and stablecoins in South Korea. As of this writing, Avalanche trades at $29.04, a 22.7% increase in the monthly timeframe.

Gold, after reaching a low around $3,613, made a strong technical rebound and is now trading around $3,652. It is likely to continue rising until the price reaches the R_2 daily resistance around $3,667. The metal could eventually reach its high around $3,673. Conversely, if gold retraces below the 61.8% Fibonacci level around $3,650, we could expect the bearish cycle to resume, and it could fall to the 21SMA located at $3,630 and even return to price levels around the 6/8 Murray level located at $3,593. The Eagle indicator on the H1 chart has been showing a positive signal since September 11, so any pullback in the gold price in the coming days will be seen as a buy signal. It is likely to reach the $3,673 level or even the psychological level of $3,700. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin, having reached a weekly high around $116,400, is currently undergoing a technical correction and is likely to find strong support around the 21SMA at $114,600 or around the bottom of the uptrend channel formed on September 9 at $114,500. If Bitcoin consolidates above $114,500, it will be seen as a signal to resume buying, with targets at the top of the uptrend channel around $117,448. Crypto could even reach the 6/8 Murray level at $118,750. Conversely, a break below $114,500 could be seen as a strong technical correction, and Bitcoin could drop to the 4/8 Murray level at $112,500. The eagle indicator on the H1 charts has reached overbought levels, and it's likely that after a technical correction, Bitcoin's bullish cycle will resume and could reach $117,500 in the coming days. The material has been provided by InstaForex Company - www.instaforex.com

Thursday Trade Review:1H Chart of GBP/USD The GBP/USD pair also showed decent growth on Thursday, mainly due to the US inflation report. Many traders are now wondering why the dollar fell again if US inflation rose (which is usually bullish for the dollar). After all, rising inflation means the Fed has less reason to cut the key rate aggressively. That's true, but for the last two weeks it's been clear that the Fed's No. 1 priority is now saving the labor market, which has been weak for four straight months. Thus, two rate cuts by year-end are now practically a done deal. The fact that US inflation is rising—who can be surprised by that during a global trade war the US initiated? The market simply used the inflation report as a trigger for active moves. The dollar has no chances for medium-term growth—whether inflation is high or low, the Fed will be easing monetary policy anyway. 5M Chart of GBP/USD In the 5-minute timeframe, Thursday's movements weren't the best, and the first trading signal came only after the US inflation report. Price broke through the 1.3529–1.3543 area and within an hour reached the target zone of 1.3574–1.3590. Thus, a small profit could be made. How to Trade on Friday:On the hourly timeframe, GBP/USD is showing signs of a renewed uptrend, and on higher timeframes, the upward bias remains. As already mentioned, there's no reason to expect medium-term dollar growth, so we expect the pound to keep rising. On Friday, the GBP/USD pair may well continue moving north. A bounce from the 1.3529–1.3543 area could spark a fresh leg up. A break above the 1.3574–1.3590 zone may also trigger further gains in the pound. Thus, long positions will be relevant today. Consider shorts only if the price consolidates below 1.3529–1.3543. On the 5-minute timeframe, you can currently trade around the 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. For Friday, the UK is scheduled to release July GDP and industrial production data. These reports may only provoke a very weak market reaction. A slightly stronger reaction can be expected from the University of Michigan Consumer Sentiment Index. Core Trading System Rules:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.Stop Loss: Set a Stop Loss to breakeven after the price moves 20 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

Thursday Trade Review:1H Chart of EUR/USD The EUR/USD currency pair demonstrated strong growth on Thursday and continues to remain in its new upward trend, although the movement is still somewhat weak. It feels like market makers are waiting for the right moment—and that moment has not yet arrived. Recall that the dollar still has every reason to keep falling: nothing has fundamentally improved in the US lately to justify a dollar rally. Yesterday, the ECB decided to keep all monetary policy parameters unchanged, signaling to the market that policy easing won't occur any time soon. Meanwhile, the Fed is set to resume cutting its key rate as early as next week, and in the next year or two could implement major monetary stimulus. If the euro were rising even as the ECB cut rates, what would happen when the Fed starts easing? Thus, expectations should remain for further growth in the European currency, though technicals should not be ignored. For example, a break below the trendline may indicate the start of a new downward move. 5M Chart of EUR/USD In the 5-minute timeframe, a great buy signal emerged just 15 minutes before the US inflation release, triggering the pair's rally. Novice traders could have opened long positions on the bounce from the 1.1655–1.1666 area, putting their Stop Loss to breakeven 10 minutes later. To be fair, yesterday's signal was quite risky as it formed at the intersection of two major events—the ECB meeting and the US inflation report. Still, it offered a good profit opportunity. How to Trade on Friday:On the hourly chart, EUR/USD has every chance to resume its uptrend, which has been forming since the year began. The fundamental and macroeconomic backdrop remains very bearish for the US dollar, so we still do not expect dollar strength. In our opinion, as before, the greenback can only expect technical corrections. However, a break below the trendline could spark a new technical down move in the pair. On Friday, EUR/USD may continue its upward movement since the trend remains bullish. However, new longs require a breakout above the 1.1737–1.1745 zone. On the 5-minute chart, focus on the levels: 1.1198–1.1218, 1.1267–1.1292, 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. On Friday, the EU will release an unimportant (second estimate) inflation report for Germany. In the US, the University of Michigan Consumer Sentiment Index (a little more important) will be published. Core Trading System Rules:Signal Strength: The shorter the time it takes for a signal to form (a rebound or breakout), the stronger the signal.False Signals: If two or more trades near a level result in false signals, subsequent signals from that level should be ignored.Flat Markets: In flat conditions, pairs may generate many false signals or none at all. It's better to stop trading at the first signs of a flat market.Trading Hours: Open trades between the start of the European session and the middle of the US session, then manually close all trades.MACD Signals: On the hourly timeframe, trade MACD signals only during periods of good volatility and a clear trend confirmed by trendlines or trend channels.Close Levels: If two levels are too close (5–20 pips apart), treat them as a support or resistance zone.Stop Loss: Set a Stop Loss to breakeven after the price moves 15 pips in the desired direction.Key Chart Elements:Support and Resistance Levels: These are target levels for opening or closing positions and can also serve as points for placing Take Profit orders. Red Lines: Channels or trendlines indicating the current trend and the preferred direction for trading. MACD Indicator (14,22,3): A histogram and signal line used as a supplementary source of trading signals. Important Events and Reports: Found in the economic calendar, these can heavily influence price movements. Exercise caution or exit the market during their release to avoid sharp reversals. Forex trading beginners should remember that not every trade will be profitable. Developing a clear strategy and practicing proper money management are essential for long-term trading success. The material has been provided by InstaForex Company - www.instaforex.com

XRP price gained pace for a move above the $3.00 resistance. The price is now consolidating gains and might start another increase above $3.080. XRP price is facing hurdles and struggling to clear the $3.080 resistance. The price is now trading above $3.00 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3.020 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to rise if it stays above the $2.950 zone. XRP Price Eyes Upside Break XRP price managed to stay above the $2.880 level and started a fresh increase, beating Bitcoin and Ethereum. The price climbed above the $2.920 and $2.980 resistance levels. The bulls even pumped the price above the $3.020 level. A high was formed at $3.0725 and the price is now consolidating gains. There was a minor decline and the price tested the 23.6% Fib retracement level of the upward move from the $2.9365 swing low to the $3.0725 high. The price is now trading above $3.00 and the 100-hourly Simple Moving Average. Besides, there is a key bullish trend line forming with support at $3.020 on the hourly chart of the XRP/USD pair. If the bulls protect the $3.00 support, the price could attempt another increase. On the upside, the price might face resistance near the $3.050 level. The first major resistance is near the $3.080 level. A clear move above the $3.080 resistance might send the price toward the $3.120 resistance. Any more gains might send the price toward the $3.150 resistance. The next major hurdle for the bulls might be near $3.20. Downside Correction? If XRP fails to clear the $3.080 resistance zone, it could continue to move down. Initial support on the downside is near the $3.00 level. The next major support is near the $2.9880 level and the 50% Fib retracement level of the upward move from the $2.9365 swing low to the $3.0725 high. If there is a downside break and a close below the $2.9880 level, the price might continue to decline toward $2.950. The next major support sits near the $2.920 zone, below which the price could gain bearish momentum. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $3.020 and $3.00. Major Resistance Levels – $3.080 and $3.120.

As Ethereum (ETH) trades in the mid $4,000 range, the Chicago Mercantile Exchange (CME) futures open interest (OI) for the digital asset continues to hit new highs. Against that backdrop, analysts are now predicting a new all-time high (ATH) for ETH later this year. Ethereum New ATH By End Of 2025? According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum’s CME futures OI is steadily moving towards new highs. The analyst brought attention to past data about Ethereum futures OI to predict its next move. Back in 2021-2022, Ethereum futures OI remained relatively low, largely dominated by 1-2 month contracts. At the time, although ETH gained bullish momentum, institutional exposure to the cryptocurrency on CME was still limited. In sharp contrast, during the 2022 bear market, a drop in the ETH price led to a steep decline in its OI. While the period was still dominated by short-term contracts, long-term contracts stayed low, indicating weak institutional confidence in ETH. However, a trend change was observed during the 2023-2024 recovery as Ethereum OI started to rise again – specifically among 3-6 month contracts. Simultaneously, institutional demand grew alongside ETH’s price. Fast-forward to 2025, Ethereum OI has surged to new highs. As ETH rallied to the $4,500 to $5,000 range, there was a noticeable growth in short-term contracts. This dynamic indicates strong institutional participation and demand for derivatives. The CryptoQuant analyst explained the implications of two potential combinations of OI and contract concentration. First, high OI with concentrated short-term contracts can lead to increased volatility, potentially leading to sharp swings and liquidation cascades. On the contrary, rising long-term OI in 3-6 month contracts indicates growing institutional confidence and potential for higher ETH prices in the long-term. That said, crowded leveraged positions could trigger rapid corrections in the short term. PelinayPA added: ETH is trading around $5K (near ATH) with record OI on CME clear evidence of institutional FOMO. While this supports the ongoing bull trend, liquidation risk is high. Short term volatility and corrections are likely, but the medium to long term outlook remains bullish. Concluding, the analyst predicted that ETH could reach the $6,800 resistance level by the end of 2025. However, any deterioration in the global macroeconomic outlook could stall ETH’s momentum temporarily. Case For A New ETH ATH Besides the aforementioned prediction on the back of rising institutional interest in ETH, positive exchange data is also likely to benefit the cryptocurrency. For example, recent ETH outflows from Binance drove the supply ratio to a new low. In addition, an increasing amount of ETH continues to be staked on the Ethereum network, strengthening the smart contract platform’s fundamentals and making it more robust. At press time, ETH trades at $4,409, down 0.7% in the past 24 hours.

So, yesterday's ECB meeting, as expected, delivered no new information—except "wait and see." But the rise in US CPI for August triggered a flurry of paradoxical articles in the business media, along with increased bets on the Fed cutting rates three times by year-end. Core CPI stayed at 3.1% y/y, while headline CPI rose from 2.7% to 2.9% y/y. The main stir came from jobless claims, which jumped during the week from 235k to 263k. We believe market participants are headed for a rude awakening when the FOMC announces it expects not even two rate cuts, since they've already signaled just one, in September. In fact, the only scenario that could force the Fed to cut rates three times would be a severe crisis that compels major investors to buy up US Treasuries, powerfully and steadily pushing yields down. So far, since the beginning of the year, 5-year Treasury yields have fallen from 4.57% to 3.59%, which is not enough for even two cuts. Realistically, it's most convenient for the Fed to cut once in September and then take a pause. Only a preemptive crisis move—something the Fed rarely does—would lead to another cut in October. On the daily chart, the euro has chosen the MACD line as a neutral anchor, hovering along it for five days now. Apparently, this sideways movement will continue until Wednesday evening, when the Fed announces its monetary policy decision. Eventually, we expect a decline to the support level at 1.1392. For now, we wait. On the H4 chart, the price remains above the indicator lines due to expectations of a tight monetary policy. The Marlin oscillator is also in positive territory. The MACD line at 1.1690 provides support; a drop below it could shift the range down toward the 1.1632 support. The material has been provided by InstaForex Company - www.instaforex.com

On Thursday, the British pound broke above the MACD line resistance and consolidated above it. However, two factors prevent us from adopting a bullish outlook as the main scenario: the very weak growth of the Marlin oscillator and the proximity of the key event of the autumn—the upcoming Fed monetary policy decision next week. If the mass investor is wrong about the market expecting three rate cuts by year-end—and given that the September meeting is extended and features individual FOMC member rate projections—we could see GBP fall to the 1.3253 level (or even 1.3140) in the days immediately following the Fed meeting. For now, we wait. A rise toward 1.3700—the upper boundary of the long-term price channel on the weekly chart—is considered an alternative scenario. But even in this case, unless there is a sustained move above this level, such growth will be a variation of the primary bearish scenario. A similar situation can be seen on the four-hour chart: price is developing above the indicator lines, but the Marlin oscillator is weakening and almost ready to enter negative territory. Most likely, price views the range of 1.3482 (MACD line)–1.3589 as suitable for sideways movement while awaiting the Fed meeting. A consolidation below the MACD line would be an early bearish signal from the market. The material has been provided by InstaForex Company - www.instaforex.com

Ethereum price started a fresh increase and climbed above $4,500. ETH is now consolidating and might aim for more gains if it clears $4,550. Ethereum is now eyeing an upside break above the $4,550 zone. The price is trading above $4,500 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $4,470 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above $4,550 and $4,580. Ethereum Price Eyes More Gains Ethereum price started a recovery wave after it formed a base above the $4,320 zone, like Bitcoin. ETH price was able to climb above the $4,350 and $4,440 resistance levels. The price even climbed above $4,500. A high was formed at $4,531 and the price is now consolidating gains. There was a minor pullback, but the price stayed above the 23.6% Fib retracement level of the upward move from the $4,268 swing low to the $4,531 high. Ethereum price is now trading above $4,500 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $4,470 on the hourly chart of ETH/USD. On the upside, the price could face resistance near the $4,530 level. The next key resistance is near the $4,550 level. The first major resistance is near the $4,580 level. A clear move above the $4,580 resistance might send the price toward the $4,650 resistance. An upside break above the $4,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,740 resistance zone or even $4,800 in the near term. Another Drop In ETH? If Ethereum fails to clear the $4,550 resistance, it could start a fresh decline. Initial support on the downside is near the $4,470 level and the trend line. The first major support sits near the $4,450 zone. A clear move below the $4,450 support might push the price toward the $4,400 support. Any more losses might send the price toward the $4,370 pivot level in the near term. The next key support sits at $4,270. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $4,450 Major Resistance Level – $4,550

A China-based entertainment company has made a major move into crypto, buying 300 Bitcoin just as the market trades near $114,000. Pop Culture Group (NASDAQ: CPOP), headquartered in Xiamen, disclosed the $33M purchase in a press release. The company emphasized the beginning of its digital asset treasure and part of wider plans to connect its entertainment business with Web3. It shared its plan to invest in additional assets in Bitcoin, Ethereum, and BOT to establish a diversified crypto fund to finance blockchain-oriented entertainment initiatives. Bitcoin Price Analysis: How is Bitcoin Trading Post Purchase? Bitcoin is holding near $114,400, with intraday moves between $113,200 and $114,700. The broader market remains upbeat as traders bet on US rate cuts after inflation data met expectations. The timing of Pop Culture Group’s entry coincides with what analysts see as a key technical setup for Bitcoin. Merlijn, a crypto analyst, shared the chart on X, which shows Bitcoin has formed another “golden cross” when the 50-week moving average rises above the 200-week moving average. This crossover is widely viewed as a bullish signal. In past cycles, golden crosses have preceded strong rallies. Bitcoin increased 264% in 2015, 2,200% in 2016, and 1,190% in 2020 with the cross, signal, and record highs, respectively. (Source – X) Bitcoin is trading today between $113,000 and $114,000 in a consolidation band. The trend is similar to previous stages, in which the asset established a bottom and then significant upward movements. Analysts observe that the long-term trend is characterized by higher highs and higher lows. Golden crosses do not predict future results, but history indicates that they tend to coincide with the beginning of the multi-year growth cycles. The question that the traders are contemplating now is whether this latest signal will lead to another giant rally or whether it will hang in the middle of the resistance. Bitcoin is still steering the market, even as ETH clears $4,400 and altcoins heat up. Chart analyst Titan of Crypto keeps a long-term Bitcoin target of $129,000. The view rests on an inverse head-and-shoulders pattern that has held up through recent swings. (Source – X) On the weekly chart, price broke decisively above the neckline, drawn against the 2021–2022 peaks. That breakout completes the pattern and points to a measured move toward $129K. Bitcoin is trading around $114,463 after a strong run earlier this year. The retest near $80K acted as a clean support check before the move higher. As long as price holds above the $110K area, the bullish case stays intact. Lose that zone, and momentum could fade. According to SoSoValue data, net inflows hit $757.14M as of today, the strongest in two months. The green bars shoot back into the positive area following a rough period, yet a white line indicates a price that escalates over $113,500. (Source: Total Bitcoin ETF Net Inflow, SoSo Value) Previously witnessed outflows in July and August had been a drag on sentiment. However, new institutional buying is restoring confidence. That is important since consistent ETF bids tend to cushion the pullbacks and can push the price upward. If $110K holds and inflows persist, $129K remains a realistic target. If not, expect a slower grind and deeper tests of support How Are Chinese Firms Finding Ways Into Crypto Despite Restrictions? Markets are leaning toward a September rate cut after US inflation data matched forecasts, giving risk assets a boost. Bitcoin briefly crossed $114,000 as traders priced in a 25 basis point move from the Federal Reserve. CPI numbers remain central to the short-term range. There are still restrictions on trading in the mainland, yet the companies related to China still trade via overseas listing and allotment of treasury shares. The recent Bitcoin acquisition by Pop Culture Group reflects a bigger trend of Asian companies experimenting with Web3 strategies in spite of stated restrictions. Spot ETF flows are driving much of the price action, and inflows hit multi-week highs this week, aligning with Bitcoin’s push back toward resistance at $115K. Trading volumes over the last 24 hours remain strong, showing more influence from macro flows than retail churn. Analysts see $115K as the key hurdle. A clear break and hold could draw in momentum traders chasing higher levels. Failure to push through may trap BTC between $104K and $114K. The post Chinese Money Enters The Picture as Bitcoin Price Slams $114K appeared first on 99Bitcoins.

Bitcoin price is showing positive signs above $114,500. BTC is now consolidating and might rise further if it clears the $116,200 resistance zone. Bitcoin started a fresh increase above the $114,200 zone. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $115,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $116,200 zone. Bitcoin Price Gains Traction Bitcoin price started a fresh recovery wave from the $111,200 zone. BTC managed to climb above the $112,500 and $113,500 resistance levels. The bulls were able to push the price above $114,000 and $115,000. The price traded as high as $116,298 and recently started a consolidation phase. There was a minor decline below $115,800, but the price is still above the 23.6% Fib retracement level of the recent move from the $110,815 swing low to the $116,298 high. Bitcoin is now trading above $114,500 and the 100 hourly Simple moving average. Besides, there is a bullish trend line forming with support at $115,000 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $116,000 level. The first key resistance is near the $116,200 level. The next resistance could be $116,800. A close above the $116,800 resistance might send the price further higher. In the stated case, the price could rise and test the $117,500 resistance level. Any more gains might send the price toward the $118,400 level. The next barrier for the bulls could be $118,800. Another Decline In BTC? If Bitcoin fails to rise above the $116,200 resistance zone, it could start a fresh decline. Immediate support is near the $115,000 level and the trend line zone. The first major support is near the $113,550 level or the 50% Fib retracement level of the recent move from the $110,815 swing low to the $116,298 high. The next support is now near the $113,000 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 sharply. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $115,000, followed by $113,500. Major Resistance Levels – $116,000 and $116,200.

Yesterday, the EUR/NZD pair broke below the daily-scale MACD line at its intersection with the balance line. This is a strong signal for a continued decline. The Marlin oscillator is also moving downward, already into the bearish zone. Downside targets are: 1.9519 (the August 8 low)1.9350 (the July 11 low)1.9188 (the price channel line, as a possible third target, though here the Marlin oscillator would be in oversold territory)We expect a correction from the 1.9350 support level. On the four-hour chart, price and the Marlin oscillator have formed a bullish divergence. However, since the price has passed the magnetic point on the daily chart, the correction is unlikely to be deep, and its potential target at 1.9728 (the MACD line) is not likely to be reached. The material has been provided by InstaForex Company - www.instaforex.com

Crypto markets are “on the edge” of a broad altcoin breakout, with XRP, Dogecoin, and Cardano positioned to lead, according to technical strategist CryptoInsightUK. In a video analysis released today, the analyst argues that structural signals across major charts—supported by improving macro conditions—tilt the risk-reward toward a decisive upside move, provided US inflation data doesn’t deliver a negative surprise. The setup begins with Bitcoin grinding higher into range highs while still sitting in what he calls “a position of potential reversal,” a juncture he links to today’s US CPI print after a softer-than-expected PPI reading. “If CPI comes in weak today, I think the markets will rip,” he said, framing inflation as the swing factor that could unlock risk appetite across crypto. Cardano, Doge, XRP Ready For Lift-Off He contends the strongest signals are emerging away from Bitcoin and Ethereum. On Ethereum, liquidity “still” sits below price around $4,100, with a pocket of resting orders above, leaving open the possibility of “a quick flush… to take that” before higher levels are attacked. “How much of a drop would we need to sweep this liquidity? Six percent,” he said, adding that the base of recent transactions “looks pretty good as a support,” even if a brief downside wick cannot be ruled out. The case for altcoins rests largely on visible liquidity concentrations and higher-timeframe structures. Cardano (ADA), he said, exhibits a favorable imbalance with “a… load of liquidity” stacked above “around one dollar,” and additional magnets in the $1.21 and $1.40 areas if momentum expands. He emphasized the sequence of higher lows and higher highs that preceded a consolidation, a pattern he compared across several charts. Dogecoin (DOGE), in his view, mirrors the same anatomy on a larger timeframe: a prior higher-high/higher-low sequence, a tightening range, and “liquidity above us,” with a push through $0.29 opening a path to targeting $0.45. “I’ve been saying for a while tokens like DOGE look like they are going to absolutely send it,” he said. For XRP, he argued that price action has “led the cycle” and recently broke a well-tracked downtrend on the daily and four-hour charts, while shorter-term liquidity maps now show concentrations overhead. Beyond single names, he anchored his thesis in market-wide breadth gauges. He highlighted “Total 3”—the combined market capitalization of all crypto assets excluding Bitcoin and Ethereum—pressing against prior highs and “knocking at the door… for price discovery.” In a closely related lens, he said “Total 2” (market cap ex-Bitcoin) is one incremental push away—“half a percent higher”—from a highest-ever weekly close, with three days left in the candle. The evolving formations, he added, can be interpreted as an “ascending wedge” that morphs into a “cup and handle” after a textbook Wyckoff-style accumulation and back-test, the kind of structural progression that often resolves with a powerful range break. The Core Thesis Rotation dynamics are at the core of his call. Drawing on an ETH-vs-BTC dominance composite, he said the tape “looks like weakness” for the pair, with heavier volume on down moves in that ratio—an indication, he believes, that capital is migrating from Bitcoin and Ethereum into the broader altcoin complex. “If [Bitcoin] dominance breaks down… it’s better for altcoins,” he said. “As long as capital’s flowing into the market, I don’t really mind which starts to outperform which… but if we have a significant rise in Bitcoin’s price and a drop in dominance, it means that altcoins are going to be absolutely sending it.” At the same time, he flagged the near-term fork in the road. Markets are testing “decision” levels into macro data, and a brief liquidity sweep lower—on Bitcoin and ETH in particular—remains plausible before any sustained impulse. “We’re not in a breakout territory here yet,” he cautioned. “We’ve seen the first signs of it… [and] we could reject here and consolidate for a little bit longer… but one catalyst here and it’s green season in my opinion for crypto generally.” Throughout the analysis, the analyst returned to a handful of price signposts traders are likely to watch: ADA gravity around $1.00 with follow-ups near $1.21 and $1.40; DOGE confirmation above ~$0.29 and then $0.45 as the next objective; and XRP’s break of descending resistance with liquidity pools sitting overhead on intraday maps. If the macro side cooperates, his base case is unambiguous. “I think the breakout is imminent,” he said, pointing to synchronized strength across Total 2 and Total 3, gold’s recent breakout, and equities at or near all-time highs. “This is the sort of time where we’re going to break out,” he added. “Massive breakouts” in altcoins, when they come, often unfold as “a few weeks or a few days of massively green candles.” Even so, he closed with a reminder that timing remains hostage to catalysts. “It’s decision time for the market,” he said. “Could reject here and consolidate… but one catalyst here and it’s green season.” At press time, XRP traded at $2.99.

BlackRock is exploring the idea of turning its exchange-traded fund shares into blockchain-based tokens. The goal is to build a stronger digital foundation for its asset offerings and make them easier to access and move around. This would link traditional financial products with the kind of tech that powers crypto. Builds on Earlier Tokenized Funds This isn’t their first step in the tokenization world. Back in March 2024, BlackRock launched a tokenized money market fund that brought in over two billion dollars. That project worked well enough to spark new ideas. Now, the focus is on expanding tokenization to include ETFs. What Tokenized ETFs Could Unlock By tokenizing ETF shares, BlackRock could open the door to trading beyond regular market hours. People in other countries could access US-based funds more easily. There’s also potential for those tokens to be used as collateral in decentralized platforms. That would give ETF shares a whole new role in digital finance. DISCOVER: Best New Cryptocurrencies to Invest in 2025 Testing the System Behind the Scenes To get there, BlackRock has already started testing how it could work. It used JPMorgan’s Kinexys platform to experiment with the backend. These early trials are about figuring out how to settle trades using blockchain systems while still connecting with traditional clearing setups. Tech Meets Regulation There are still big questions to answer. One challenge is making the timing and mechanics of blockchain trading line up with the existing systems Wall Street uses. Another is figuring out how this fits with current laws. Custodians, exchanges, and regulators will all need to be on the same page. ethereumPriceMarket CapETH$535.53B24h7d1y The Bigger Picture BlackRock’s move is part of a larger trend. Nasdaq has already taken steps to support tokenized versions of stocks and ETFs. Other financial giants are either testing similar ideas or watching closely. The technology is there, but getting the green light from regulators is the next big step. DISCOVER: 20+ Next Crypto to Explode in 2025 Larry Fink’s Tokenization Vision BlackRock CEO Larry Fink has been vocal about tokenization. He believes it could eventually touch almost every financial asset. In his most recent letter to investors, he laid out a future where digital versions of traditional investments are the norm, not the exception. What This Could Mean for Everyone If tokenized ETFs take off, they could speed up how trades are settled and make the whole process more flexible. That could help investors who are locked out of certain markets right now. At the same time, it puts pressure on regulators to make sure everything stays compliant and fair. Still in the Design Phase BlackRock has more work to do before this becomes a reality. Legal structures, operational logistics, and tech standards all need to line up. How quickly that happens will depend on cooperation across multiple industries. If it all comes together, tokenized ETFs might be here sooner than expected. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways BlackRock is exploring tokenized ETF shares to make traditional funds easier to access, trade, and settle using blockchain tech. The move builds on BlackRock’s earlier success with a tokenized money market fund that raised over $2 billion in early 2024. Tokenized ETFs could unlock 24/7 trading, global access, and new use cases like being used as collateral on DeFi platforms. Testing is already underway using JPMorgan’s Kinexys platform, but questions remain around compliance and integration with legacy systems. BlackRock CEO Larry Fink believes tokenization will reshape finance, but rollout depends on industry coordination and regulatory approval. The post BlackRock Explores Tokenized ETF Shares for Global Access appeared first on 99Bitcoins.

Coinbase is pushing back hard against the SEC. The company filed a motion in federal court, asking for sanctions and fast-tracked discovery after learning that text messages from former SEC Chair Gary Gensler had been deleted. These messages spanned almost a full year, covering a period packed with major crypto developments. Timeline of Missing Messages The missing texts stretch from October 18, 2022 to September 6, 2023. This includes key moments like the collapse of FTX and a series of high-profile enforcement actions. According to an internal report, the texts were wiped when Gensler’s government-issued phone was reset. The SEC had a policy in place to wipe inactive devices, and unfortunately, backups were not up to date. Once the reset happened, everything was gone, including logs that might have helped track what went wrong. Coinbase Sees More Than a Technical Issue Coinbase says this is not just a technical slip. They point out that the SEC was under court orders to preserve all communications related to crypto policy. That includes text messages. The fact that the SEC never searched for or turned over these messages raises serious concerns. Coinbase notes that nearly 40 percent of the messages that were recovered touched on enforcement or policy. These were not just casual exchanges. They could have mattered in shaping how the SEC approached crypto during a critical time. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in September2025 Details from the Inspector General’s Report The SEC’s internal watchdog confirmed several problems. Gensler’s device had stopped syncing with the agency’s system for more than two months. After 45 days of no contact, the wipe policy kicked in. When the phone was reset, it took out the texting app and all of its contents. Because logs were missing or incomplete, the full timeline could not be reconstructed. This left gaps in what investigators could verify. bitcoinPriceMarket CapBTC$2.30T24h7d1y How the SEC Responded In the wake of the issue, the SEC took a few corrective steps. Senior officials can no longer send texts from agency devices. Backup protocols have been updated, and new training has been rolled out. The SEC also told the National Archives that records had been lost. But Coinbase says this is not enough. The company wants the court to force the SEC to hand over all communications involving crypto regulation and to take responsibility for what was lost. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Why It Matters These missing texts were sent during a time when the SEC was taking a more aggressive approach to crypto. If messages about those decisions were lost, it would affect how companies can defend themselves in court. It also raises bigger questions about how much the public can trust regulatory transparency. Agencies have to follow the same rules they enforce. When they don’t, the damage is not just technical, it’s institutional. What Could Happen Next Coinbase is asking for more than just the texts. They want accountability. They want the SEC held to the same standards as everyone else. The court will decide if sanctions are needed and how far discovery should go. This could set a precedent for how government agencies handle internal communications, especially during major industry crackdowns. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Coinbase filed a motion demanding sanctions and fast discovery after learning that former SEC Chair Gary Gensler’s texts were deleted. The missing texts span major crypto events, including the FTX collapse, and may have included policy discussions the SEC was required to preserve. An internal report revealed that Gensler’s phone was reset under a device-wipe policy, and incomplete backups left the messages unrecoverable. Coinbase argues this isn’t just a tech issue, but a serious failure to follow legal obligations during a period of intense crypto enforcement. The outcome could impact how government agencies handle record-keeping and transparency during industry crackdowns going forward. The post Coinbase Demands SEC Accountability Over Lost Gensler Texts appeared first on 99Bitcoins.

XRP crypto is heating up again with some strong price action, creeping right back toward its all-time highs. Ripple’s stablecoin plans, recent buyouts, and XRPL’s bank-friendly setup give it a legit foundation for long-term demand. But it’s not all smooth sailing. ETF approvals could drag, and ETH or Solana still own big chunks of the market. Even so, XRP is building more use cases and pulling in more capital, which sets it up to break fresh highs and keep traders locked in. Right now, the price is sitting close to its ATH, but the real game is in value creation. That’s why Ripple’s latest acquisition looks like a power move that could pay off heavy down the road. xrpPriceMarket CapXRP$303.58B24h7d1y On July 18, XRP hit a new all-time high of about $3.65, gaining 440% in the last 12 months. This makes the chance of repeating that performance less of a dream and more of a reasonable scenario for investors to consider. Let’s take a closer look at XRP’s potential to surpass its previous record price. A New Peak Seems Inevitable in the Short Term For XRP Crypto New highs get all the hype, but the real juice for XRP comes from adoption and actual use cases. Ripple’s been busy building out payment and liquidity rails around the token, which locks in long-term demand. Their USD-pegged stablecoin that dropped in December 2024 already smashed past $642M this summer, giving XRP a strong on-chain payments base. On top of that, Ripple is dropping $200M to scoop up Rail, a stablecoin-driven payments platform. That move basically speeds up XRP’s path into institutional money flows. The deal should wrap up in Q4. With XRPL pulling in more stablecoins and apps, the total value locked on-chain keeps climbing, which naturally adds upward pressure on price. And since Ripple controls the stablecoin supply, they can drop liquidity into the ecosystem whenever it’s needed. To top it off, Ripple Custody is set to expand in Spain through a fresh partnership with banking giant BBVA, more proof they’re pushing deep into traditional finance. What could hold XRP back from hitting a new high? Honestly, plenty. Those ETFs everyone’s hyped about later this year could easily get pushed back if regulators shift gears. Plus, ETH — and even Solana — are still heavy hitters in stuff like stablecoins and payments. They’ve got bigger networks and more devs backing them, while XRP’s still grinding to prove itself. Instead of stressing about whether XRP breaks its old highs, the real question is: over the next 1–3 years, does its usage and money flow keep growing? From what the data shows, the odds look solid. And that’s not even factoring in a chill macro backdrop or Ripple’s legal drama easing up. If you’re stacking XRP, forget the last peak. Focus on the idea that the next ones will actually be powered by adoption. Play it smart, scale in slowly, and don’t let roadmap delays or bumps push you into panic selling. DISCOVER: 20+ Next Crypto to Explode in 2025 Key Takeaways XRP’s long-term strength comes from Ripple’s stablecoin push, acquisitions, and XRPL’s bank-friendly features that attract institutions.” ETF delays and the ETH/SOL rivalry could slow momentum, but growing adoption still makes fresh highs very likely. The post XRP Crypto Nears All-Time High: Back Over $3 appeared first on 99Bitcoins.

A loose but growing push is under way in the XRP community to build what some people call an “XRP firewall” — a set of tools and checks meant to block scams on the XRPL. Vet, one of the dUNL validators on the XRP Ledger, has hinted at a big update that could change the fight against scams on XRPL. The feature, known as the XLS-86 Firewall, is still in development but is being described as a possible endgame for fraudsters. In a recent post, Vet said the amendment would act as a safeguard to stop losses of XRP, tokens, and NFTs when activated. If approved and rolled out, it could give users a much stronger line of defense against common traps that have cost the community millions over the years. Just recently a high-profile patch was published after developers found malicious packages related to the xrpl.js library on NPM, and that incident has sharpened urgency around better protections. Tools And Reporting Systems Several public resources already try to do the job of a firewall in pieces. According to XRPL.org, users can file scam reports and get guidance on suspicious activity. Reports have disclosed that forensics platforms such as XRplorer keep databases of addresses linked to fraud and illicit transfers; those lists are used by wallets and exchanges to warn or block interactions. The pieces exist, but they are spread across sites and teams, not bundled as one single shield for everyday users. A Critical Software Warning According to market watchers, the most recent shock came when developers discovered compromised or malicious versions of xrpl.js pushed to NPM, the package registry many apps use. The issue was patched on April 23, 2025 after maintainers removed the bad releases and urged users to update. How A Firewall Could Work A practical firewall would combine several simple features. It could auto-flag addresses with histories of fraud. Wallets might show a clear warning before a user approves a payment to a flagged account. Exchanges and node operators could share lists to reduce the chance that a scammer moves funds freely. Machine learning could be used to spot repeat patterns of phishing messages or cloned domains, while human teams would still verify hard cases. Featured image from Meta, chart from TradingView

The GBP/USD currency pair traded quite calmly again on Thursday, although when the US inflation data came out, the price began to swing sharply. The August consumer price index was 2.9% y/y, which overall is in line with forecasts. Core inflation remained at 3.1%, also as expected. So in general, US inflation didn't surprise anyone. However, in recent years, inflation has been mainly interesting to traders because of its massive influence on the Fed's monetary policy. With Donald Trump's arrival, the situation has changed dramatically, making the consumer price index just another ordinary report. Let's start with the fact that Trump's policy helps fuel consumer price increases. Since high inflation is universally seen as a negative, Trump prefers to act as if there's no inflation in America. Yes, apparently, that's how you "solve" the problem. Prices rise, tariffs make about half of imported goods and goods produced with imported materials more expensive, but Trump says there's no inflation—so there isn't. The US President never misses a chance to embed the "no inflation" idea in voters' minds. For example, on Wednesday, when the producer price index dropped by 0.1%, Trump immediately posted on Truth Social that there's no inflation. However, a month earlier, when the PPI saw an unprecedented 0.9% jump, Trump did not comment. On Thursday, when inflation jumped to 2.9%, Trump also said nothing. Why comment on numbers that contradict the President's narrative? Let's also recall the firing of Erika McEntarfer "for falsifying official statistics". Naturally, there was no falsification, nor any manipulation in the cases of Jerome Powell or Lisa Cook. However, Trump does have the authority to fire the head of the Bureau of Labor Statistics, so McEntarfer was simply unlucky. Since there's "no inflation in the US", Trump sees no reason for the Fed to keep rates at current levels. Even if the Fed cuts rates twice before year-end, it won't be enough for the US President. That's why he is seeking to fire as many FOMC members as possible, aiming to replace them with "his people" who will vote as desired. But even here, things aren't going smoothly for Trump: he failed to oust Lisa Cook, even through the courts, for lack of strong evidence. Jerome Powell refused to step down, and no Trump official wanted to launch an official investigation into supposed manipulation by the Fed Chair regarding central bank building renovations. Thus, at this point, it simply doesn't matter what Trump thinks about inflation—or what the actual level of inflation in the US is. The Fed's task is to stop the decline in the labor market without causing even higher price growth. Hence, at best, we'll see two rate cuts by year-end. The average volatility for GBP/USD over the last five trading days is 84 pips. For the pair, this is considered "average". On Friday, September 12, we expect movement inside the 1.3492–1.3660 range. The linear regression channel's upper band is pointing upward, indicating a clear uptrend. The CCI indicator once again entered the oversold zone, warning again of the resumption of the uptrend. Nearest Support Levels:S1 – 1.3489 S2 – 1.3428 S3 – 1.3367 Nearest Resistance Levels:R1 – 1.3550 R2 – 1.3611 R3 – 1.3672 Trading Recommendations:The GBP/USD pair is again looking to continue its uptrend. In the medium term, Trump's policy will probably keep pressuring the dollar, so we don't expect dollar growth. Thus, long positions with targets at 1.3611 and 1.3672 remain most relevant if the price is above the moving average. If the price is below the moving average, small shorts may be considered on purely technical grounds. From time to time, the dollar will show corrections, but for a sustained uptrend, it will need evidence of a true end to the World Trade War or some other major positive factors. Chart Elements Explained:Linear regression channels help determine the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings 20,0, smoothed) indicates the short-term trend and trade direction.Murray levels serve as target levels for moves and corrections.Volatility levels (red lines) are the likely price channel for the next day, based on current volatility readings.The CCI indicator: dips below -250 (oversold) or rises above +250 (overbought) mean a trend reversal may be near.The material has been provided by InstaForex Company - www.instaforex.com

The EUR/USD currency pair traded very calmly during most of Thursday—at least, up until the US inflation report came out, which is now much more important than the ECB meeting. But more on that later. Let's remember that volatility has noticeably declined over the last one and a half to two months, which, perhaps not coincidentally, matches the period when there's been no trending movement in the market. So, the market has effectively taken a pause and seems in no hurry to end it. From our point of view, the US dollar still has plenty of fundamental reasons to keep falling—reasons we discuss constantly. Any strengthening of the dollar should be viewed as a normal correction; any US dollar decline is entirely logical. Yesterday, the European Central Bank left all three key rates unchanged for the second time in a row, which surprised absolutely no one. The ECB has achieved its goal of stabilizing inflation around 2%. And since Donald Trump is not the president of the European Union, there's no need to worry about runaway or unexpected price growth. In America, Donald Trump ignores rising inflation. He doesn't seem to care how much consumer prices are rising. After all, American consumers will pay for all the import tariffs, not China or India. If Americans are willing to pay more for all imported goods in silence, then they'll also have to put up with inflation. Meanwhile, for public opinion and headlines, Trump will lower some taxes, primarily benefiting the wealthy. In the Eurozone, the situation is totally different. The ECB consistently worked toward its 2% inflation goal and achieved it. At that point, the ECB's key interest rate was down to 2.15%, and the deposit rate to 2%. Since inflation isn't decreasing further, no additional monetary easing is needed. So, the ECB's rate decision came as no surprise. In the second half of the day, the dollar, of course, crashed because of the US inflation data, although it did so for fairly formal reasons. We've said recently that any August inflation print in the US wouldn't affect the Fed's decision on September 17. The rise in inflation to 2.9% only means that the Fed will have to fight on two fronts: stimulating the labor market and fighting rising prices. But how can they achieve both goals simultaneously? The correct answer: they can't. The US central bank will have to balance between two fires, but in the end, it may "fail to achieve either goal." Remember: with rising inflation, at a minimum, you shouldn't be cutting rates; at maximum, you should be raising them. In total, the Fed has implemented three phases of monetary easing, totaling a 1% rate cut so far. As we see, after Trump implemented tariffs, even a pretty "tight" Fed policy hasn't been able to curb rising prices. As we warned, inflation in the US will continue to rise. It has struggled to climb further recently because the key rate remains high—but starting September 17, the rate will begin to drop and the Fed will end up cutting to "save the labor market," which may further accelerate consumer price growth. The average daily volatility for EUR/USD over the last five trading days as of September 12 is 78 pips, which is considered "average." We expect the pair to move between 1.1657 and 1.1813 on Friday. The linear regression channel's upper band is turned upward, still indicating an uptrend. The CCI indicator went into the oversold zone three times, warning of a trend resumption. There was also a bullish divergence, warning of an upcoming rally. Nearest Support Levels:S1 – 1.1719 S2 – 1.1658 S3 – 1.1597 Nearest Resistance Levels:R1 – 1.1780 R2 – 1.1841 Trading Recommendations:The EUR/USD pair may resume its uptrend. The US dollar remains under strong pressure from Trump's policies, and he's not going to "stop where he is." The dollar has rallied as much as it could, but now it seems a new round of prolonged decline is about to begin. If the price is below the moving average, consider modest shorts with a target of 1.1658. Long positions remain relevant above the MA, aiming for 1.1780 and 1.1813 to continue the trend. Chart Elements Explained:Linear regression channels help determine the current trend. If both channels point in the same direction, the trend is strong.The moving average line (settings 20,0, smoothed) indicates the short-term trend and trade direction.Murray levels serve as target levels for moves and corrections.Volatility levels (red lines) are the likely price channel for the next day, based on current volatility readings.The CCI indicator: dips below -250 (oversold) or rises above +250 (overbought) mean a trend reversal may be near.The material has been provided by InstaForex Company - www.instaforex.com

GBP/USD 5-Minute Analysis The GBP/USD currency pair also posted quite strong growth on Thursday, even though it experienced a decline in the first half of the day. However, this drop allowed a second extremum to form on the hourly chart, which ultimately resulted in the development of an ascending trendline. So, as the saying goes, "all's well that ends well." The British pound is growing again—because, at this stage, it has no other realistic option. The US inflation report could theoretically have supported the greenback, since inflation increased in August, which may prompt the Fed to cut rates a bit more slowly. However, we were warning that inflation is not currently influencing the Fed's monetary policy—the US labor market is the primary focus for the Fed right now. In the UK, it's been an absolute lull this week. The first reports will be published only on Friday, and even then, they are not likely to change trader sentiment much. These are the monthly GDP and industrial production figures. Monthly GDP is unlikely to attract much attention, and industrial output is not a particularly important indicator—especially for Britain. So even if the pound falls slightly on these reports, the decrease will probably be minor. Yesterday on the 5-minute chart, three buy signals were formed near the Kijun-sen line. During the US session, there was a breakout of the 1.3525-1.3548 area. So, during the European session, traders could open long positions, even though there were at least two dangerous moments when the price tried to settle below the critical line. Still, in the end, the pair delivered the expected growth. COT Report COT reports for the British pound show that in recent years, commercial traders' sentiment has constantly shifted. The red and blue lines—representing commercial and non-commercial net positions—constantly cross and, in most cases, are close to zero. Right now, they are at about the same level, which indicates roughly equal positions for buying and selling. The dollar continues to decline due to Trump's policies, making demand from market makers for the pound sterling less significant at this time. The trade war will continue in some form for a long while. The Fed will cut rates anyway in the coming year. Dollar demand, one way or another, will fall. According to the latest pound sterling report, the "Non-commercial" group opened 600 BUY contracts and 1,800 SELL contracts. Thus, the net non-commercial position decreased by 1,800 contracts during the week. GBP surged in 2025, but it's crucial to note that the primary factor was Trump's policy. As soon as that factor is neutralized, the dollar may rise again, but when is anyone's guess. No matter how fast or slow net positioning in the pound grows or falls, it's the dollar that keeps dropping—and usually at a faster rate. GBP/USD 1-Hour Analysis On the hourly timeframe, GBP/USD is preparing to form a new uptrend—and is currently doing so. Fundamental and macroeconomic backgrounds remain unfavorable for the dollar, so there is still no reason to expect its medium-term growth. For September 12, we highlight the following important levels: 1.3125, 1.3212, 1.3369-1.3377, 1.3420, 1.3525-1.3548, 1.3615, 1.3681, 1.3763, 1.3833, 1.3886. The Senkou Span B (1.3441) and Kijun-sen (1.3522) lines can also generate signals. It is recommended to set your Stop Loss to break even once the price moves 20 pips in the right direction. The Ichimoku indicator lines may move throughout the day; this should be considered when working with trading signals. On Friday, the first UK reports of the week are due, but they cannot be called significant. As such, the market's reaction may be minimal or even non-existent. In the US, the interesting University of Michigan Consumer Sentiment Index will be released, and the reaction will depend on how much the actual number deviates from the forecast. Trading RecommendationsWe believe that on Friday, the uptrend may continue, as practically all factors point in that direction. The target is 1.3615. We expect the pound's growth to continue above this level as well. Illustration Explanations:Support and resistance price levels – thick red lines where movement may end. They are not trading signal sources.Kijun-sen and Senkou Span B lines—These are strong Ichimoku indicator lines transferred to the hourly timeframe from the 4-hour one.Extremum levels – thin red lines where the price has previously rebounded. These act as trading signal sources.Yellow lines – trend lines, trend channels, and other technical patterns.Indicator 1 on the COT charts – the size of the net position for each category of traders.The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD 5-Minute Analysis The EUR/USD currency pair demonstrated quite strong growth on Thursday, which fully matched our expectations. On Thursday, only two events could have triggered volatility: the ECB meeting and the US inflation report. The ECB ultimately left all rates unchanged, as expected. In the final statement, the most noteworthy point was the upward revision of inflation forecasts for 2025-2026. However, this revision was minimal and does not significantly exceed the ECB's target level. Thus, at this time the ECB does not see a threat of uncontrolled price growth. But it was the US inflation report that caused the dollar to fall, even though it didn't have to. Inflation in the US rose to 2.9%, matching forecasts. Growing inflation usually means the Fed may be slightly less "dovish" through year-end than the market expects. However, we warned traders about two things: First, the dollar had been rising without reason and irrationally on Tuesday and Wednesday. Second, the current inflation figure in the US does not matter for the Fed's September 17 decision. As a result, we saw a generally predictable drop in the US dollar. On the 5-minute chart, a great buy signal appeared at the very start of the US session, with a bounce from the 1.1666 level. At the time of the US inflation news, the price had already moved up about 15 pips, so traders could just move their Stop Loss to break even. One had to act quickly, but it was worth it. For the rest of the day, the pair only rose and reached the 1.1750-1.1760 area. Thus, about 60 pips in profit could be earned. COT Report The latest COT report is dated September 2. The chart above clearly shows that the net position of non-commercial traders was bullish for a long time, and bears only tenuously took control at the end of 2024, but quickly lost it. Since Trump became the US president, the dollar has been the only currency to fall. We can't say with 100% certainty that the US dollar's decline will continue, but current world events point precisely in that direction. We still see no fundamental factors for strengthening the euro, but there remain plenty of reasons for the dollar to decline. The global downtrend remains intact, but does it matter where the price has moved over the last 17 years? Once Trump ends his trade wars, the dollar may go up again, but recent events show that the trade war will continue in one form or another. A potential loss of Fed independence is yet another strong pressure factor on the US currency. The positioning of the indicator's red and blue lines still shows a bullish tendency. During the last reporting week, long positions from the "Non-commercial" group decreased by 2,700, while shorts increased by 700. The net position for the week thus decreased by 3,400, which is an insignificant change. EUR/USD 1-Hour Analysis On the hourly timeframe, EUR/USD continues a moderate uptrend. A bounce off the trend line, combined with the US inflation report, sparked a new rise in prices. The pair still spends most of its time in the 1.1615-1.1750 range, but there is an upward skew. The dollar still faces plenty of bearish factors, and even this week, it could have fallen almost every day. For September 12, we identify the following trading levels: 1.1092, 1.1147, 1.1185, 1.1234, 1.1274, 1.1362, 1.1426, 1.1534, 1.1604-1.1615, 1.1666, 1.1750-1.1760, 1.1846-1.1857, as well as the Senkou Span B line (1.1660) and the Kijun-sen line (1.1721). The Ichimoku indicator lines may move during the day, so keep that in mind for trade signals. Don't forget to set Stop Loss to break even if the price moves in your favor by 15 pips—this will protect you from potential losses if the signal turns out to be false. On Friday, Germany will publish the second estimate of August inflation, and the US will release the University of Michigan Consumer Sentiment Index for September. Both reports are secondary, but the sentiment index may trigger some market reaction. Trading RecommendationsOn Friday, the pair may continue moving north, but it needs to break through the key 1.1750-1.1760 area. In this case, long positions will be relevant with the target of 1.1846-1.1857. A bounce from this area would trigger a new corrective pullback. 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

Dogecoin (DOGE) is trading around $0.249, pressing against the upper end of a six-week range between $0.22 and $0.25. Technical indicators now hint at a potential rally, with the meme coin attracting renewed attention from investors. The 20-day EMA near $0.225, alongside the 50-day, 100-day, and 200-day averages clustered below $0.220, highlight a strong support zone. With the RSI at 60–61, DOGE shows steady buying momentum without being overbought. Similarly, the MACD histogram has turned positive, signaling a resurgence in bullish sentiment following muted August trading. Resistance at $0.25 Could Unlock Higher Targets Dogecoin’s short-term trajectory hinges on whether it can close above $0.246–$0.250, a level where both resistance and Bollinger Bands converge. A confirmed breakout may clear the path toward $0.263, $0.273–$0.276, and the July high of $0.300. Support sits at $0.238–$0.240, with deeper levels near $0.233–$0.231 and the 20-day EMA at $0.225. Any drop below the 100/200-day cluster around $0.214–$0.213 would weaken the bullish setup. Market analysts also note Dogecoin’s parallel channel pattern, with resistance near $0.29. A breakout here could potentially extend gains beyond $0.3 to as far as $0.50, based on the measured width of the channel. ETF Buzz and Whale Activity Add Fuel Beyond technicals, fundamentals are helping fuel optimism. Grayscale recently filed for a U.S. Dogecoin ETF, while the REX-Osprey Dogecoin ETF officially launched on September 11. These developments underscore rising institutional interest in meme coins, a trend once considered unlikely. Meanwhile, whale activity has picked up, with over 10 million DOGE withdrawn from exchanges. Such moves reduce market supply and are typically interpreted as long-term accumulation. With institutional products entering the market and on-chain metrics improving, the bullish narrative around Dogecoin is strengthening. A decisive move above $0.25 could set the stage for a rally toward $0.30, and possibly higher if momentum carries through. Cover image from ChatGPT, DOGEUSD chart from Tradingview

A Dogecoin exchange-traded fund with the ticker DOJE is set to start trading in the US on September 11, 2025. According to reports, the fund is being launched by REX-Osprey and will provide US investors a regulated way to gain exposure to DOGE without holding the coin directly. Eric Balchunas, a senior ETF analyst at Bloomberg, told market watchers that the fund will hold an asset with “no utility on purpose,” and he publicly challenged supporters to point to clear real-world uses for Dogecoin beyond community interest and trading. Analyst Asks Supporters To Show Practical Uses According to Balchunas, DOJE will be the first US ETF that openly holds an asset whose backers say lacks practical functions. He pushed the community to list where DOGE is used as more than a token of speculation or culture. Some in the Dogecoin community pointed to limited payment tests and merchant experiments, while others emphasized the coin’s long history of publicity and social attention. Reports also note the fund is being structured under the Investment Company Act of 1940 instead of the Securities Act of 1933, a choice that has drawn extra scrutiny. Why Utility Matters For Investors Investors typically seek ways to value an asset beyond pure sentiment. Utility can mean things like payment rails, governance roles, or fuel for smart contracts — uses that create sustained demand. When those uses are limited, price moves can be driven mainly by headlines and momentum. That makes risk evaluation harder for portfolios that require steady, predictable exposures. Some market participants counter that brand recognition, liquidity, and culture can still produce buyer interest, at least while markets are favorable. Less Common Legal Route Based on reports, the legal route chosen for DOJE is unusual for a crypto-linked spot fund. Filing under the 1940 Act instead of the 1933 Act carries different compliance and custody implications. Few ETFs have taken this exact path for a memecoin-style asset, and observers say they will watch how custody and regulatory reviews play out once trading begins. Traders and institutions may treat the fund differently because of the structure and the questions raised over utility. Featured image from Unsplash, chart from TradingView

Lundin Gold (TSX: LUG) (Nasdaq: LUG) said on Thursday its CEO Ron Hochstein will step down after ten years of leadership, to be replaced by Jamie Beck, former CEO and Director of Filo Corp., effective November 7, 2025. Beck brings a proven track record of creating shareholder value within the Lundin Group, the company said. Under his six-year leadership at Filo, the exploration program delivered the discovery of one of the largest copper, gold and silver deposits in the world, culminating in the C$4.5 billion acquisition of Filo by BHP and Lundin Mining in January 2025. During Beck’s tenure as CEO, Filo delivered an approximate 1,700% return for its shareholders. Since joining in 2009, he has held numerous senior roles within the Lundin Group, including at NGEx Resources, Filo Mining, Josemaria Resources, and Lundin Mining. He also has direct experience with Fruta del Norte, having provided financial analysis and support for Lundin Gold’s $240 million acquisition of Fruta del Norte from Kinross Corporation, and later during negotiations on fiscal terms with the Government of Ecuador. Beck is a registered Professional Engineer in the Province of Ontario, holds a Bachelor of Applied Science in Mechanical Engineering from Queen’s University, and an MBA from the University of British Columbia. “With the support of the Board and our two largest shareholders, I have decided that the time is right to transition Lundin Gold to new leadership,” Hochstein said in a news release. “The past ten years with Lundin Gold have been a tremendous adventure and very rewarding. During this time, I’ve had the privilege of working with people committed to making responsible mining in Ecuador a success for all stakeholders. I have worked with Jamie for over 15 years in various roles within the Lundin Group, and I am very confident that he will continue to build on this legacy that began with the vision of Lukas Lundin in 2014.”