The post As Bitcoin Holds Steady Near $87,000, Here’s the BTC Price Prediction for Today appeared first S. inflation data, bond-market volatility, and renewed ETF inflows. While the broader macro backdrop remains mixed, BTC’s ability to maintain higher-low structures on intraday charts is keeping bullish sentiment alive-but traders are now watching a narrow price window that could determine the BTC price action. With bulls fighting to keep BTC out of danger and a potential bullish reversal waiting far above current levels, traders are asking the same question: Is Bitcoin quietly preparing for its next explosive move, or is the market masking a correction far deeper than anyone expects? Bitcoin spent the past week navigating sharp macro-driven swings, triggered largely by the hotter-than-expected U. S. PPI print of 2. 7% versus the 2. 6% forecast. The reaction was immediate: BTC briefly slipped toward $85,800, but buyers quickly regained control, pulling the price back into the $86,500-$87,200 consolidation band. On the institutional side, spot Bitcoin ETFs recorded two consecutive days of net inflows, adding roughly $180-$220 million this week, helping stabilize market sentiment after last week’s outflows. Meanwhile, derivatives data show open interest rebounding by nearly 4%, signaling fresh positioning as traders prepare for the next volatility spike. Despite the turbulence, Bitcoin has managed to keep its weekly gains intact, up roughly 1. 8% over the last seven days-a modest but important recovery considering the pressure from macro headwinds. Can BTC Price Defend the $86,800 Support Today? After the recent price crash, the BTC price is trying to stabilize a decent ascending trend along the newly formed ascending trend line formed in the lower timeframes. Although the volume has halved in the past few days, the volatility is picking up again. The short price action in the short term is largely bullish and approaching a breakout that may help the price consolidate between $88,000 and $90,000. As seen in the chart above, the price in the hourly timeframe has reached the upper edge of an ascending triangle. The Bollinger bands are also moving in parallel, suggesting a range-bound consolidation is still in play. On the other hand, the MACD shows the bulls being active as the levels remain within the positive range despite bearish crossovers at frequent intervals. Currently, the token appears to be in an accumulation phase, while the range-bound consolidation between $87,200 and $87,800 is believed to prevail throughout the trading day. A Crucial Day for BTC as Macro Signals Drive the Next Move Bitcoin’s next move hinges on how the market digests today’s macro cues. The U. S. equity open, Treasury yield swings, and fresh ETF inflow data will heavily influence intraday sentiment. If BTC holds above $86,200, buyers could attempt a push toward $88,000-$88,500, with a breakout above $87,800 potentially opening the path to $89,500. But any loss of support could trigger a slide toward $85,500, especially if futures liquidations spike. With weekend liquidity thinning out, even small shifts in macro flows could amplify volatility, making today’s session a crucial trendsetter for Bitcoin’s short-term direction.
https://bitcoinethereumnews.com/bitcoin/as-bitcoin-holds-steady-near-87000-heres-the-btc-price-prediction-for-today/
Tag: consolidation
XRP Price Prediction: $2.70 Target Within 30 Days as Technical Oversold Conditions Emerge
XRP Price Prediction Summary • XRP short-term target and signal line (-0. 0733) suggests momentum deceleration. This technical divergence often precedes trend reversals, particularly when combined with oversold RSI conditions. Volume analysis from Binance spot trading shows $552. 2 million in 24-hour activity, indicating sustained institutional interest despite the -3. 37% daily decline. The Stochastic oscillator readings (%K: 17. 63, %D: 21. 79) confirm oversold conditions, with both indicators well below the 20 threshold that typically marks extreme selling pressure. Ripple Price Targets: Bull and Bear Scenarios Bullish Case for XRP The primary XRP price target for the bullish scenario centers on the $2. 70-$3. 15 range, supported by multiple technical confluences. Breaking above the immediate resistance at $2. 59 would trigger the first leg of this move, targeting the upper Bollinger Band at $2. 57 initially. The 50-day SMA at $2. 51 represents the first major resistance hurdle, followed by the 20-day SMA at $2. 33. Successfully reclaiming these moving averages would confirm the bullish Ripple forecast and open the path toward the strong resistance zone at $3. 10. Technical requirements for this scenario include RSI climbing above 50, MACD histogram turning positive, and volume confirmation above the recent average. The Daily ATR of $0. 16 suggests that moves of $0. 30-$0. 50 are well within normal volatility parameters, making the $2. 70 target achievable within the 30-day timeframe. Bearish Risk for Ripple The bearish scenario activates if XRP fails to hold the immediate support at $2. 07. This level coincides with the lower Bollinger Band at $2. 10, creating a critical support cluster. A decisive break below this zone would target the strong support at $1. 25, representing a potential 43% decline from current levels. Risk factors include continued regulatory uncertainty, broader crypto market weakness, and failure to generate sufficient buying volume above the 20-day moving average. The bearish XRP price prediction scenario would see RSI dropping below 30 into deeply oversold territory and MACD histogram extending negative momentum. Should You Buy XRP Now? Entry Strategy Based on current Ripple technical analysis, the answer to “buy or sell XRP” depends on risk tolerance and timeframe. For aggressive traders, the current level near $2. 19 offers an attractive risk-reward setup with tight stop-loss placement below $2. 07. Conservative investors should wait for confirmation above $2. 40 (pivot point) before entering positions. This approach sacrifices some upside potential but reduces the risk of catching a falling knife. The ideal entry strategy involves scaling into positions between $2. 15-$2. 25 with stop-losses below $2. 00. Position sizing should account for the 14-day ATR of $0. 16, suggesting maximum position risk of 2-3% of portfolio value given the volatility profile. Target allocation should not exceed 5% of total cryptocurrency holdings until the XRP price target of $2. 70 is achieved. XRP Price Prediction Conclusion Our XRP price prediction maintains a medium confidence level for the $2. 70-$3. 15 target within 30 days, contingent on breaking above $2. 40 resistance. The technical setup favors oversold bounces, but broader market conditions and regulatory developments remain key variables. The Ripple forecast hinges on three critical indicators: RSI recovery above 45, MACD histogram turning positive, and sustained volume above 500 million daily. Failure to achieve these technical milestones within 7-10 days would invalidate the bullish scenario and suggest extended consolidation or downside risk toward $1. 25 support. Timeline expectations center on initial movement within 5-7 days, with the primary XRP price target achievable by mid-December 2025 if technical conditions align with regulatory clarity catalysts.
https://bitcoinethereumnews.com/tech/xrp-price-prediction-2-70-target-within-30-days-as-technical-oversold-conditions-emerge/
XRP Price Today: XRP Forms Bullish ‘W’ Pattern as Traders Eye Breakout Above $2.53
After several days of consolidation, the XRP price is building strength near a critical resistance zone, sparking optimism among market participants. However, growing whale activity and profit-taking suggest that traders remain cautious, waiting for stronger confirmation before committing to the next leg up.
**XRP Price Holds Steady Amid Profit-Taking and Rising Volume**
As of November 11, 2025, XRP trades at $2.45, marking a modest 1.16% daily decline from $2.48. Despite the dip, trading volume surged by more than 34%, reaching $6.14 billion in the last 24 hours. This increase in volume during a pullback often signals repositioning among traders rather than panic selling, indicating potential accumulation ahead of XRP’s next move.
XRP was trading at around $2.45, down 3.15% in the past 24 hours at press time. The steady price action and high volume have pushed XRP’s total market capitalization to roughly $147.5 billion. While short-term selling persists, the broader structure remains bullish as long as prices hold above the $2.15-$2.20 demand zone.
**Analysts Spot Bullish ‘W’ Formation**
Technical analysts are closely watching a bullish “W” pattern forming on the 12-hour XRP/USDT chart—a classic double-bottom structure that signals reversal potential. According to crypto trader Steph_iscrypto, “Support around $2.00 remains firm, with a possible breakout above $2.53 that could propel XRP toward $3.25 if volume confirms the move.”
This bullish pattern, alongside Ripple’s recent regulatory progress, aligns with broader market optimism. Still, analysts caution that social media enthusiasm surrounding the “W” formation could amplify volatility as traders rush to interpret similar chart setups shared across X.
**Whale Activity Sparks Mixed Sentiment**
On-chain data adds another layer of intrigue. Analyst Ali recently noted that, “90 million XRP were sold by whales in just 72 hours,” referencing a Santiment chart that showed large holder activity earlier this month. Over 6 billion XRP moved during this period, corresponding with a price decline from $3.30 to $2.30.
This suggests renewed interest from retail investors, possibly taking advantage of lower entry points. Historically, similar whale sell-offs have coincided with short-term bottoms and recovery phases, giving bulls reason to remain optimistic.
**Technical Outlook: Resistance at $2.65-$2.70 Key for Bullish Continuation**
From a technical standpoint, the current XRP price faces strong resistance between $2.43 and $2.65, where multiple moving averages (20, 50, and 100-day EMAs) have converged. This range has capped every rebound since September, making a daily close above $2.70 the key trigger for a sustained breakout.
A breakout above $2.70 could propel the XRP price toward $2.90 and possibly $3.10. Yet, bulls have successfully defended the structural base between $1.95 and $2.15, preventing deeper corrections.
Notably, open interest in XRP futures has recently climbed to $4.11 billion, indicating increased speculative positioning. However, a combination of rising open interest and falling prices typically signals new short entries, suggesting traders are bracing for volatility near the resistance zone.
**Traders Await Confirmation Before the Next Move**
The setup for Ripple (XRP) now appears binary: a decisive breakout above $2.70 could trigger a bullish reversal toward $2.90 and eventually $3.10, while another rejection may push prices back toward the $2.15 accumulation pocket.
Overall, sentiment remains mixed but cautiously optimistic. With whale activity stabilizing, technical structures tightening, and buyers defending key levels, XRP’s next move could determine the tone for the rest of November. Traders now await confirmation—and potentially, the start of the next major XRP price rally.
https://bitcoinethereumnews.com/tech/xrp-price-today-xrp-forms-bullish-w-pattern-as-traders-eye-breakout-above-2-53/
MATIC Price Prediction: Target $0.45-$0.52 Range Within 30 Days Despite Current Bearish Momentum
**MATIC Price Prediction Summary**
– **Short-term target (1 week):** $0.42 (+10.5%), reaching EMA 26 resistance
– **Medium-term forecast (1 month):** $0.45–$0.52 range, testing SMA 20 to upper Bollinger Band
– **Key level for bullish continuation:** $0.58 (strong resistance confluence)
– **Critical support if bearish:** $0.35 (immediate support) and $0.33 (strong support floor)
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### Recent Polygon Price Predictions from Analysts
The current market environment shows a notable absence of fresh analyst predictions for MATIC over the past three days. This suggests either a consolidation in sentiment or analysts waiting for clearer directional signals. Such silence often precedes significant moves in cryptocurrency markets, as technical patterns develop without fundamental news interference.
The lack of recent predictions contrasts with MATIC’s current technical setup, which presents clear levels for both bullish and bearish scenarios. This creates an opportunity for independent technical analysis to guide our Polygon forecast without the noise of conflicting analyst opinions.
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### MATIC Technical Analysis: Setting Up for Potential Reversal
Polygon’s technical indicators show a cryptocurrency approaching oversold territory with several converging factors that could trigger a reversal.
– The current RSI reading of **38.00** sits in neutral territory but is trending toward oversold conditions—historically a precursor to bounces in MATIC.
– The MACD histogram at **–0.0045** indicates bearish momentum, but its relatively small magnitude suggests the selling pressure may be waning.
– MATIC’s position at **$0.29** within the Bollinger Bands places it much closer to the lower band ($0.31) than the upper band ($0.56), indicating potential for a mean reversion toward the middle band at $0.43.
– Current trading volume of approximately $1,074,371 on Binance reflects moderate market participation, neither confirming strong selling pressure nor indicating accumulation.
– The narrow 24-hour trading range suggests consolidation, which often precedes directional moves once key levels break.
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### Polygon Price Targets: Bull and Bear Scenarios
#### Bullish Case for MATIC
In a bullish scenario, MATIC’s primary price target sits between **$0.45 and $0.52** over the next 30 days. This range encompasses the SMA 20 ($0.43) and approaches the upper Bollinger Band, representing an 18% to 37% upside from current levels.
For this bullish thesis to materialize:
– MATIC must reclaim the EMA 26 at **$0.42**, signaling a short-term momentum shift.
– A break above **$0.45** (SMA 50) would confirm medium-term strength and could target the strong resistance at **$0.58**.
The technical setup supports this outlook as MATIC currently trades significantly below all major moving averages, offering substantial room for mean reversion.
Additional bullish indicators include a Stochastic oscillator reading of **25.19% (%K)**, suggesting oversold conditions that often precede price bounces.
#### Bearish Risk for Polygon
Conversely, a break below immediate support at **$0.35** would invalidate the bullish scenario and target the strong support floor at **$0.33**, near the 52-week low region ($0.37) and a critical psychological level for MATIC holders.
A sustained drop below $0.33 could trigger accelerated selling toward **$0.28–$0.30**, representing a 20% to 26% decline from current levels.
The ongoing bearish momentum, as indicated by the negative MACD histogram, reinforces this downside risk if support levels fail to hold.
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### Should You Buy MATIC Now? Entry Strategy
Based on the current technical analysis, a staged entry approach is recommended:
– Consider initiating positions near current levels (approximately **$0.38**) with a stop-loss set just below **$0.34** to limit downside risk to around 10%.
– For more aggressive traders, waiting for a confirmed break above **$0.42** (EMA 26) coupled with increased trading volume could signal a momentum shift and offer a better risk-reward profile.
Position sizing should remain conservative due to the bearish MACD reading and proximity to support levels. Risk no more than 2–3% of your portfolio until MATIC demonstrates sustained movement above $0.45.
Ultimately, whether to buy or sell MATIC depends on your risk tolerance. Conservative investors might wait for clear bullish confirmation above $0.42, while contrarian traders could consider small positions at current oversold levels.
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### MATIC Price Prediction Conclusion
Our price prediction anticipates a recovery to the **$0.45–$0.52** range within 30 days. This outlook carries moderate confidence (6/10), based on technical indicators and the historical tendency for mean reversion when an asset trades significantly below its moving averages alongside oversold momentum signals.
Key levels to monitor include:
– Immediate resistance at **$0.42** (EMA 26) for bullish confirmation
– Support at **$0.35** for bearish invalidation
The prediction timeline extends through early December 2025, with interim targets of **$0.42** within 1 week and **$0.45** within 2–3 weeks.
Success depends on MATIC holding above $0.35 and showing increased buying interest as it approaches oversold territory. Failure below this level would shift focus to downside targets near $0.33 and possibly lower.
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*Stay updated with the latest Polygon (MATIC) price movements and technical analysis to make informed trading decisions.*
https://bitcoinethereumnews.com/tech/matic-price-prediction-target-0-45-0-52-range-within-30-days-despite-current-bearish-momentum/
Virtuals Protocol Price Surges Past $1.79 As Traders Eye $1.90 Breakout
I’ve been tracking Virtuals Protocol’s price closely, and today’s surge is hard to ignore. The price soared 35.8% in the past 24 hours, zooming past short-term resistance and adding to a week of powerful gains. Traders and investors are buzzing on social media, spurred by news of the x402 protocol integration with Coinbase’s AI payment standards.
There’s been a notable uptick in whale accumulation and decisive buy-side momentum. These factors seem to have ignited fresh enthusiasm among market participants. Seeing such swift action, I can sense the FOMO building as technical signals point to further movement incoming.
### VIRTUAL Price Analysis
Looking at the technicals, VIRTUAL’s price push above $1.37 marked a clean breakout of the Fibonacci 23.6% retracement level, thereby flipping an important resistance into support. The daily price ranged from $1.33 to $1.82, reflecting strong volatility alongside increased trading activity.
Market capitalization shot up 34.9% to $1.17 billion, while the 24-hour trading volume grew to $758 million. On the charts, the Relative Strength Index (RSI) now sits at 60.7. This is comfortably bullish without venturing into overbought territory, hinting that the rally isn’t exhausted yet.
Meanwhile, the MACD histogram flipped positive (+0.063), signaling growing upward momentum. Additionally, the Bollinger Bands expanded with the price hugging the upper band, suggesting a strong trend. However, this also points to possible short-term exhaustion if momentum dries up.
For short-term traders, the current setup opens the door for FOMO-driven buying. But if sentiment cools, the 61.8% Fibonacci retracement level at $0.89 will be a crucial support to watch for any sharp pullbacks.
The most critical resistance level ahead is $1.90. A close above this could unlock a run toward $2.50. On the other hand, if VIRTUAL’s price dips below $1.37, consolidation could take hold as buyers pause to await a reset.
It’s this push and pull at key levels that keeps the action dynamic—and keeps me on my toes.
https://coinpedia.org/price-analysis/virtuals-protocol-price-surges-past-1-79-as-traders-eye-1-90-breakout/
Ethereum Price Nears Key Support as Analysts Eye a Potential Rebound
Ethereum Struggles to Regain Bullish Momentum Amid Consolidation Phase
Ethereum continues to trade under pressure as the world’s second-largest cryptocurrency struggles to regain bullish momentum. After weeks of sideways action, ETH remains trapped in a consolidation range, sparking uncertainty among traders who await signs of a trend reversal.
At the time of writing, Ethereum trades around $3,846, hovering just above the crucial $3,802 support area. Market observers note that this level has become a focal point for both short-term traders and long-term investors, with many waiting to see if the asset can hold firm before the next decisive move.
### Testing a Crucial Technical Zone
Prominent crypto analyst Michaël van de Poppe shared his outlook on X, pointing out that Ethereum is currently testing its 20-week moving average — a technical region that has historically marked strong accumulation phases. He emphasized that ETH’s current setup offers a favorable risk-reward ratio for long-term portfolios, describing it as “a tremendous spot to be added to portfolios.”
According to van de Poppe, the confluence between the moving average and a higher timeframe support level may provide the foundation for Ethereum’s next rally. “Corrections don’t last forever,” he added, suggesting that the ongoing pullback could be nearing its conclusion.
If Ethereum manages to defend this zone, analysts believe the next resistance to watch will be near $4,150. A breakout above that threshold could signal renewed buying strength and a potential return toward the $4,300-$4,400 range.
### On-Chain Data Shows Investor Strain
Beyond the charts, blockchain data paints a mixed picture. The Net Unrealized Profit/Loss (NUPL) indicator — a metric used to gauge overall market profitability — has recently dipped into the capitulation zone. This range often appears when many holders are near breakeven or experiencing slight losses, typically preceding short-term rebounds as selling pressure begins to ease.
Such periods of capitulation tend to reset market expectations. Short-term holders, known for reacting quickly to price swings, often become reluctant to sell at a loss. Historically, this behavior creates conditions for brief relief rallies as traders push prices upward in search of quick recoveries before taking profits again.
If this pattern holds, Ethereum could experience another short-term bounce similar to those observed earlier in the month, where the asset briefly regained strength before returning to consolidation.
### Sentiment Hits Nine-Month Low
From a broader perspective, investor sentiment around Ethereum has turned notably bearish. Data from Santiment reveals that Ethereum’s weighted sentiment has fallen to its lowest level since February, reflecting increased caution and fatigue among market participants.
This decline in optimism mirrors the broader crypto landscape, where traders are becoming increasingly selective about new positions. Prolonged bearish sentiment can discourage fresh inflows, ultimately weighing on price stability.
However, such negative readings have also been known to act as contrarian signals — often preceding market recoveries once pessimism peaks.
### Rangebound Conditions Persist
For now, Ethereum appears rangebound between $3,802 and $4,154. Analysts suggest that until volatility returns or trading volume picks up, ETH may continue oscillating within this band.
A decisive close above $4,150 would be needed to confirm the start of a stronger upward move, while a drop below $3,800 could open the door to deeper losses.
Despite current headwinds, van de Poppe and several other market strategists maintain that Ethereum remains fundamentally strong, supported by ongoing developments in staking, scaling solutions, and institutional interest. Many believe that the current correction phase is part of a broader accumulation process rather than the beginning of a prolonged downturn.
### Outlook: Patience May Be Key
Ethereum’s long-term trajectory continues to depend on macroeconomic factors, investor sentiment, and broader market liquidity. As traders await stronger signals from the Federal Reserve and risk assets, ETH’s consolidation could serve as a necessary cooldown before its next significant move.
While short-term uncertainty prevails, technical confluence and historical data suggest that Ethereum may be approaching a point of stabilization — one that could set the stage for renewed upside once market confidence returns.
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*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*
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**Author**
Alex is an experienced financial journalist and cryptocurrency enthusiast with over 8 years of experience covering the crypto, blockchain, and fintech industries. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. Alex’s approach allows him to break down complex ideas into accessible, in-depth content. Follow his publications to stay up-to-date with the most important trends and topics.
https://coindoo.com/market/ethereum-price-nears-key-support-as-analysts-eye-a-potential-rebound/
Iran’s Financial Collapse Highlights Growing Appeal of Bitcoin
Iran’s Financial Sector Enters New Phase of Instability as Ayandeh Bank Declared Insolvent
Iran’s financial sector has entered a new phase of instability after the Central Bank officially declared Ayandeh Bank insolvent, transferring its assets to state-owned Melli Bank. This move effectively nationalized what had been one of the country’s largest private lenders and exposed the scale of losses that had been building for years.
Central Bank Intervention and Fallout
Ayandeh Bank, founded in 2012 and operating over 270 branches, had accumulated roughly $5.2 billion in losses and $3 billion in debt, according to data from Asharq Al-Awsat. The Central Bank’s intervention aims to prevent wider contagion within an already fragile system plagued by high inflation, sanctions pressure, and a depreciating rial.
Officials have stated that depositors’ funds would remain secure under Melli Bank’s guarantee. However, public confidence has eroded sharply. Long queues were reported at Ayandeh branches in Tehran and other cities, reflecting widespread concern that repayment limits and slow insurance processes could delay access to deposits.
Iran’s deposit insurance framework only protects up to 1 billion rials (about $930) per account, with compensation often taking years. Depositors holding larger balances now face the risk of significant write-downs.
Governance Weakness and Structural Strain
The failure of Ayandeh Bank has been linked to poor lending practices, including extensive credit exposure to politically affiliated enterprises. Among its largest commitments was the Iran Mall complex, a debt-heavy development that struggled under project overruns and weak returns.
This episode underscores the vulnerabilities of Iran’s banking network, where state-linked projects and restricted foreign capital flows have compounded liquidity shortages. The economy, already contracting under renewed sanctions, continues to experience simultaneous inflationary and recessionary pressures—a combination that has pushed private lenders into increasingly unstable territory.
Global Parallels
Iran’s banking crisis mirrors broader weaknesses in the global financial system. In the United States, a series of regional bank failures in 2023—including Silicon Valley Bank, Signature Bank, and First Republic Bank—demonstrated how quickly depositor confidence can evaporate in environments of high interest rates and mismatched balance sheets.
Although U.S. regulators stabilized markets by guaranteeing deposits, subsequent stress tests and industry data suggest that smaller lenders remain under pressure. According to a recent analysis, regional banks continue to face rising delinquencies, higher funding costs, and thin capital buffers despite improved reserves.
Across both developed and emerging economies, the pattern is consistent: when trust weakens, liquidity strains follow, often forcing consolidation or state intervention.
The Broader Debate: Financial Sovereignty
Events like Ayandeh’s collapse have reignited discussions around counterparty risk and financial autonomy. Traditional deposit systems rely on centralized guarantees that can fail during crises. In contrast, decentralized assets such as Bitcoin operate without custodial intermediaries, allowing users to retain direct control of their holdings.
Bitcoin’s advocates argue that such architecture offers protection against both inflation and bank default, especially in jurisdictions where deposit insurance or currency stability cannot be relied upon. While volatility remains a major deterrent for institutional adoption, episodes of systemic banking stress continue to strengthen the perception of decentralized assets as an alternative form of financial assurance rather than mere speculation.
Outlook
Iran’s authorities face the dual challenge of stabilizing confidence in the banking system and addressing structural issues that led to Ayandeh’s failure. For global investors, the episode serves as another case study in how modern banking fragility is not limited by geography or politics.
When public faith in deposit guarantees weakens—whether in Tehran or New York—the appeal of assets existing outside the traditional financial infrastructure inevitably rises.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
About the Author
Alexander Zdravkov is a reporter at Coindoo who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on various topics, his deep understanding and enthusiasm make him a valuable member of the team.
https://coindoo.com/irans-financial-collapse-highlights-growing-appeal-of-bitcoin/
Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip
Cardano (ADA) experienced a significant decline this week, falling roughly 27% and slipping below the key $0.66 support level amid risk-off flows impacting the broader crypto market. Bitcoin’s recent slide toward $104,000, coupled with softer altcoin liquidity, exacerbated the downside pressure. On-chain data further reveals that large ADA holders are adopting a defensive stance.
### Whale Activity Shows Mixed Signals
Santiment-tracked wallets holding between 1 and 10 million ADA have offloaded approximately 40 million ADA over the past seven days. More broadly, whale distribution reportedly reached around 350 million ADA, adding to downward pressure on the price. However, there is a contrasting dynamic as other significant wallets have accumulated between 140 and 200 million ADA. This split in whale activity is contributing to a choppy consolidation pattern, with ADA fluctuating between $0.65 and $0.70.
### Derivatives Market Adds to Caution
The derivatives market reflects a cautious tone as well. Cardano’s open interest dropped by 2.12% to $669.9 million. Notably, long liquidations totaling $1.13 million significantly outpaced short liquidations of $187,000, indicating that bulls have borne the brunt of the recent sell-off.
On the 4-hour chart, ADA is forming a falling wedge pattern, but confirmation requires a breakout above $0.74. Momentum indicators present a mixed picture: the RSI stands at 37, approaching oversold territory, while the Chaikin Money Flow (CMF) remains positive between 0.12 and 0.15. This suggests some returning spot inflows, though these have yet to overwhelm supply from large holders.
### Downside Risks and Potential Rebounds
Technicians emphasize a “risk-first” approach in the near term. Losing the $0.66 level puts $0.65 in play. A failure to hold $0.65 could open the path to $0.62-$0.60, and then down to $0.57, where channel and structural support converge. In the event of a broader crypto market weakness, an even deeper shakeout could test $0.53.
On the upside, ADA must reclaim $0.66 and subsequently clear the $0.74-$0.80 range, which aligns with the 50-day EMA cluster to signal a reversal in trend strength. Above this level, bulls may target $0.86, with a psychological retest of $1.00 possible into Q4 if risk appetite and capital flows improve.
Several analysts remain optimistic, eyeing a potential breakout toward the $1.20-$1.60 range. However, most caution that the market may experience further dips before a significant upward move, due to leverage resets and uneven liquidity conditions.
### Upcoming Catalysts and Market Outlook
Key factors to watch include the October 23 Grayscale ADA ETF decision window, overall stablecoin and ETF net flows, and whether whale selling pressure eases. Historically, a rotation back into altcoins tends to follow Bitcoin stabilization. Conversely, renewed weakness in Bitcoin would likely prolong ADA’s consolidation near current lows.
ADA’s daily chart trends downward for now, but development progress continues. New staking access options (such as eToro US) and ongoing initiatives like Midnight and Leios are broadening Cardano’s roadmap. However, total value locked (TVL) on Cardano remains modest at around $288 million, lagging larger chains.
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*Cover image generated by ChatGPT. ADAUSD chart via TradingView.*
https://www.newsbtc.com/news/cardano/analysts-caution-cardano-ada-may-drop-further-before-1-rebound-after-12-dip/