cryptocurrency 4 - The Latremie Post

Is The Bitcoin Price Bottom In? Latest On-Chain Data Suggests So

Opeyemi savors his attraction to the crypto market, which explains why he spends the better part of his day poring over different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that’s not Opeyemi’s favorite part—in fact, far from it.

What truly keeps Opeyemi ticking is connecting what happens on a price chart to on-chain movements and blockchain activities. As he would say, “This emphasizes the intricacies of blockchain technology and the cryptocurrency market.” For Opeyemi, market insights are akin to the gospel, but he humbly recognizes himself only as a messenger.

When not clicking away at his keyboard, Opeyemi is most likely listening to music, playing games, reading a book, or scrolling through X. He likes to think he’s not loyal to any particular genre of music, and on many days, that’s true. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

A voracious reader, Opeyemi enjoys a wide range of books—from science fiction and fantasy to historical and even romance. He believes authors like George R. R. Martin and J. K. Rowling are the greatest of all time, and his twice-through reading of the Harry Potter series is proof of that.

Though Opeyemi enjoys spending most of his time within the four walls of his home, he sometimes finds solace in the company of friends—whether at a bar, a restaurant, or on a stroll. In essence, Opeyemi’s ambivert nature (haha! Been searching for an opportunity to use the word to describe myself) makes him a social chameleon, able to quickly adapt to different settings.

Opeyemi recognizes the need for constant self-development to stay afloat in the competitive and ever-evolving crypto market. For this reason, he’s always in learning mode, ready to pick up even the slightest lesson from every situation.

Efficient and driven, Opeyemi likes to deliver everything required of him on time. He believes, “Whatever is worth doing at all is worth doing well.” Hence, you’ll always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person, simply trying to shed light on the exciting phenomenon of cryptocurrency. He goes to bed each day with a smile of satisfaction, knowing he has done his bit—spreading the crypto gospel to the rest of the world.
https://bitcoinethereumnews.com/bitcoin/is-the-bitcoin-price-bottom-in-latest-on-chain-data-suggests-so/

Story is Predicted to Drop to $3.04 By Nov 13, 2025

**Disclaimer:**
This is not investment advice. The information provided is for general purposes only. No information, materials, services, or other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

—

### Story (IP) Price Overview

Story (IP) is currently trading at **$3.97** after gaining **8.27%** in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 7.58% during the same period.

– IP/BTC increased by **7.13%** today.
– IP/ETH increased by **4.14%** today.

According to our Story price prediction, IP is expected to reach a price of **$3.04** by November 13, 2025. This would represent a **-23.02%** price decrease for IP in the next 5 days.

Currently, Story is trading **30.51% above** our prediction for November 13, 2025.

—

### Recent Price Performance

– Story dropped **-56.26%** in the last month.
– It has gained **55.45%** compared to one year ago.
– One year ago, IP was trading at $2.55.

Story reached its all-time high price on September 21, 2025, when the price peaked at **$14.87**.

The current IP cycle high is **$4.09**, with the cycle low at **$3.29**. The coin has been showing high volatility recently, with a 1-month volatility rate at **25.19**. In the last 30 days, Story recorded **8 green days**.

—

### Market Sentiment

The sentiment in the Story market is currently **Bearish**, with the Fear & Greed index reading **20 (Extreme Fear)**. This indicates a negative investor outlook.

– **Fear & Greed Index:**
A “Fear” reading signals investor hesitation, which may represent a buying opportunity, while “Greed” suggests optimism but also potential overvaluation.

—

### Support and Resistance Levels

– **Key Support Levels:** $3.51, $3.10, $2.88
– **Key Resistance Levels:** $4.15, $4.38, $4.79

—

### Technical Analysis Summary (As of Nov 08, 2025)

– **Indicators:**
– 6 indicators show a bullish prediction for Story.
– 21 indicators show a bearish forecast.
– Overall, **78% of indicators favor a negative prediction**, confirming a Bearish sentiment.

**Moving Averages:**

| Period | Simple MA | Signal | Exponential MA | Signal |
|——–|———–|——–|—————-|——–|
| MA3 | $4.66 | SELL | $5.43 | SELL |
| MA5 | $3.78 | BUY | $6.24 | SELL |
| MA10 | $4.07 | SELL | $6.86 | SELL |
| MA21 | $4.72 | SELL | $6.78 | SELL |
| MA50 | $7.07 | SELL | $6.12 | SELL |
| MA100 | $7.14 | SELL | $5.44 | SELL |
| MA200 | $5.77 | SELL | $4.96 | SELL |

**Oscillators:**

| Indicator | Value | Action |
|—————————–|———-|———|
| RSI (14) | 35.18 | BUY |
| Stochastic RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 2.33 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index(14) | 27.01 | SELL |
| Awesome Oscillator (5,34) | -2.13 | NEUTRAL |
| Momentum (10) | -1.84 | NEUTRAL |
| MACD (12,26) | -0.04 | NEUTRAL |
| Williams Percent Range (14) | -97.67 | BUY |
| Ultimate Oscillator (7,14,28)| 33.69 | NEUTRAL |

—

### Detailed Technical Insights

– The **Relative Strength Index (RSI 14)** is at **35.18**, suggesting that IP is currently neither overbought nor oversold, but leaning towards neutral/buy territory.
– Story is trading above both the **50-day Simple Moving Average (SMA 50)** and the **200-day Simple Moving Average (SMA 200)**, which typically signals bullish momentum in the short to long term.
– Despite this, the majority of short and medium-term moving averages indicate a SELL signal.

—

### Summary and Outlook

After reviewing market sentiment, recent price action, and technical indicators, the current forecast for Story price prediction remains **Bearish**.

– IP is expected to decrease by **-23.02%** to reach our target price of **$3.04** within the next five days.
– Monitoring the Fear & Greed index, key support and resistance levels, and technical indicators will be crucial in the coming days.
– Cryptocurrency markets are inherently volatile and unpredictable; even major assets can experience significant fluctuations.

—

For **long-term Story price predictions**, click [here](#).

—

**Disclaimer:**
This article is for informational purposes only and does not constitute financial advice. Please consult with qualified financial, legal, and tax professionals before making any investment decisions.
https://bitcoinethereumnews.com/finance/story-is-predicted-to-drop-to-3-04-by-nov-13-2025/

Dogecoin May Encounter Resistance at $0.20 with Over 11 Billion Coins Accumulated

**Dogecoin’s $0.20 Resistance: On-Chain Insights and What’s Next for DOGE Price**

Dogecoin faces a crucial barrier at the $0.20 price level, with recent on-chain analysis underscoring why this zone acts as a significant supply wall. According to data from Glassnode, approximately 11.12 billion DOGE tokens were accumulated around $0.20, creating heavy resistance during market recoveries.

Currently, Dogecoin trades near $0.18, having seen a 7% surge. However, the price remains below this key threshold, and breaking the $0.20 barrier could potentially signal the start of a stronger rally.

—

### What is the $0.20 Resistance Level for Dogecoin?

The $0.20 resistance zone is a critical area where a large volume of DOGE was previously purchased, forming a natural barrier to price advances. Glassnode’s on-chain data reveals that over 11.12 billion DOGE tokens accumulated at this level, emphasizing significant investor interest and activity.

This accumulation transforms the $0.20 region into a supply-heavy area. For Dogecoin to advance further, buyers need to absorb this massive supply, overcoming potential selling pressure from holders aiming to break even or realize profits.

—

### Why Has Dogecoin Seen Heavy Accumulation at $0.20?

Glassnode’s cost-basis distribution heat map highlights a dense concentration of DOGE holdings near $0.20. Many investors likely entered the market during earlier cycles at this price point, leading to high levels of accumulation.

This cluster of holdings often results in selling activity as the price revisits this level. Crypto analyst Ali Martinez recently explained that such accumulation zones tend to act as strong resistance, especially for volatile assets like Dogecoin.

Holding 11.12 billion DOGE at this threshold represents a substantial chunk of the circulating supply, underscoring the area’s significance. In meme coin markets, these patterns frequently emerge, largely driven by retail investor behavior.

When Dogecoin tests these levels, typical market dynamics—such as profit-taking and break-even selling—reinforce the resistance wall. Recent failed attempts by DOGE to break above $0.20 reflect the strength of this on-chain signal.

—

### On-Chain Data: A Reliable Indicator

Experts and financial analysts agree that real-time, unbiased blockchain metrics are essential for understanding crypto price action. Glassnode offers transparent insights into holder distribution, allowing traders to anticipate resistance levels based on data rather than speculation.

The broader crypto market has recently seen a shift in sentiment, with leading assets rebounding after corrections. As the most popular meme coin, Dogecoin follows these trends but must contend with unique, community-driven price behaviors. On-chain metrics like the holder distribution around $0.20 provide a factual lens for predicting future moves.

—

## Frequently Asked Questions

**What Causes the Dogecoin $0.20 Resistance Based on On-Chain Data?**
Dogecoin’s $0.20 resistance emerges from the accumulation of 11.12 billion DOGE at this price, as shown by Glassnode’s cost-basis heat map. Those who bought at this level may sell to recoup losses or lock in gains, creating significant selling pressure and forming a supply barrier that demands strong buying interest to surpass.

**How Might Dogecoin Break Through Its $0.20 Resistance Level?**
DOGE could break through $0.20 if robust trading volume and improved market sentiment persist, reducing the sell-wall from holders and attracting new buying interest. A definitive close above $0.20, particularly on high volume, would offer bullish confirmation and may pave the way for a rally.

—

## Key Takeaways

– **Dogecoin’s $0.20 zone holds 11.12 billion tokens:** Significant accumulation forms a major resistance level impacting short-term price action.
– **Recent volatility keeps DOGE below $0.20:** Despite a 7% move higher, Dogecoin trades at $0.18, needing more volume to advance.
– **Breaking resistance requires bullish catalysts:** Watch for sustained buying interest and positive sentiment for a possible rally beyond $0.20.

—

### Conclusion

Dogecoin’s critical $0.20 resistance level is shaped by the accumulation of billions of tokens, forming a decisive barrier to price gains. Traders should closely monitor trading volume and on-chain distribution to gauge the likelihood of a breakout. Stay informed on crypto trends—explore more insights and analysis as Dogecoin continues to evolve in a rapidly changing market.
https://bitcoinethereumnews.com/tech/dogecoin-may-encounter-resistance-at-0-20-with-over-11-billion-coins-accumulated/

Ethereum joins Bitcoin in recording third-largest weekly ETF outflow at $508M

Key Takeaways:
Ethereum recorded $508 million in net outflows this week, marking the third-largest weekly redemption since the launch of its spot ETF. During the same period, Bitcoin ETFs also experienced significant investor withdrawals.

Ethereum’s weekly ETF outflow highlights a substantial movement of capital from spot Ethereum ETFs—regulated investment funds that directly track the price of Ethereum. Bitcoin ETFs, which hold the foundational cryptocurrency, faced similar investor withdrawals, indicating a broader trend across major digital asset funds.

Analysts suggest that these ETF outflows for both Ethereum and Bitcoin point to short-term institutional caution amid growing market uncertainty. The withdrawals may reflect a temporary risk-off sentiment among larger investors in the cryptocurrency space, as they reevaluate their exposure to volatile assets.

The parallel outflows from both Ethereum and Bitcoin ETFs emphasize how institutional investors are actively adjusting their holdings in major digital assets. Some experts interpret this trend as profit-taking, following previous periods of strong capital inflows into these regulated investment vehicles.

Overall, these developments underscore an evolving dynamic within crypto markets, driven by institutional sentiment and ongoing market fluctuations.
https://cryptobriefing.com/ethereum-bitcoin-third-largest-etf-outflow-507-million/

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)

—

### 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.

—

### 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.

—

### 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.

—

### 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.

—

### 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.

—

*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/

Canada Follows U.S. in Regulating Stablecoins in Budget

**Canada to Establish New Stablecoin Laws, Mirroring the U.S. GENIUS Act**

Stablecoins are gaining worldwide attention for their ease of use in payment transactions. In response, Canada is on track to introduce new regulations for stablecoins, aligning its approach with recent legislative developments in the United States.

—

### Canada Moves Forward with Stablecoin Regulations

As disclosed in the Canadian government’s 2025 budget released on Tuesday, November 4, 2025, stablecoin issuers will soon need to meet specific criteria under proposed federal legislation. These requirements include holding sufficient reserves and establishing clear redemption policies. Additionally, issuers must implement robust risk management frameworks designed to protect personal and financial data.

Starting in the 2026-2027 fiscal year, the Bank of Canada will allocate $10 million over two years to oversee a smooth regulatory rollout. Following this initial phase, stablecoin issuers are expected to cover an estimated $5 million annually in regulatory costs. These rules will come under the ambit of the Retail Payment Activities Act.

The government’s primary goal is to deliver faster, cheaper, and safer digital transactions to benefit Canada’s 41.7 million residents. This effort also forms part of a broader initiative to modernize the country’s entire payment system.

—

### No Central Bank Digital Currency for Now

Currently, Canada does not have a Central Bank Digital Currency (CBDC). The country canceled its digital loonie project in September 2024, with Bank of Canada Governor Tiff Macklem stating, “No strong case yet.” Since then, Canada has shifted focus from developing a digital currency toward modernizing its domestic payment infrastructure.

—

### Canada’s Stance Amid Market Movements

In an unexpected move, the National Bank of Canada adopted a bearish stance towards Bitcoin. The bank filed documents with the U.S. Securities and Exchange Commission (SEC) to exercise a put option on its BlackRock iShares Bitcoin Trust ETF holdings, valued at more than $1.3 million.

Despite this cautious approach towards cryptocurrencies, Canada is eager not to lag behind in regulatory frameworks and global competition. The move to establish clear stablecoin laws follows the United States’ passage of the GENIUS Act in July 2025, signaling a growing emphasis on regulating digital assets.

—

### Stablecoin Market Expansion

The introduction of regulatory frameworks in both the U.S. and Canadian markets comes amid rapid expansion in the stablecoin sector. Currently, the stablecoin market sits at approximately $309.1 billion. The U.S. Treasury estimated in April 2025 that this figure could surge to $2 trillion by 2028.

Stablecoins have already become dominant in several markets. For example, in Latin America, Tether (USDT) and USDC stablecoins hold a leading position. In Argentina, stablecoins make up 72% of all cryptocurrency purchases in 2024, far surpassing Bitcoin, which accounts for only 8%.

—

### Innovation in Stablecoin Payments

Partnerships are accelerating the adoption of stablecoin payments worldwide. Recently, DeCard partnered with Polygon Labs to enable stablecoin payments across over 150 million merchants globally. This platform allows users to convert popular cryptocurrencies like USDT and USDC into traditional fiat currencies, which can be spent anywhere cards are accepted.

In Canada, payment platforms such as Tetra Digital are emerging as key players in the stablecoin space. Tetra Digital has raised $10 million to create a digital version of the Canadian dollar, backed by investments from major firms including Shopify, Wealthsimple, and the National Bank of Canada.

—

Canada’s regulatory efforts and market innovations indicate a significant step toward integrating stablecoins into mainstream finance, ensuring secure and efficient digital payment options for Canadians.
https://bitcoinethereumnews.com/tech/canada-follows-u-s-in-regulating-stablecoins-in-budget/

Crypto recovery remains slow despite global liquidity boost: Wintermute

**Why Crypto Markets Are Not Bouncing Back Despite Favorable Macroeconomic Conditions: Insights from Wintermute**

Global liquidity is rising, stocks are soaring, and interest rates are falling — yet the cryptocurrency market continues to underperform. According to Wintermute’s latest market update dated November 3, despite a supportive macroeconomic environment, capital is not flowing into crypto markets at the same pace as other risk assets.

### Expanding Liquidity but Limited Crypto Inflows

The report highlights that global liquidity is expanding as central banks cut interest rates and wind down quantitative tightening (QT). Stock markets are sitting near all-time highs, reflecting overall positive financial conditions. However, this improvement has not translated into substantial inflows into the crypto space.

Wintermute attributes this underperformance to a redirection of liquidity. While inflows are primarily targeting equities, particularly sectors like artificial intelligence (AI) and prediction markets, crypto-specific channels have largely stalled.

### Slowdown in Key Crypto Growth Drivers

Earlier in the year, ETF inflows and Digital Asset Treasury (DAT) activities were significant drivers of crypto growth. Today, both have significantly slowed. The report notes: “The tap isn’t off, it’s just pointed somewhere else.”

The only crypto-related metric still showing growth is stablecoin supply, which has increased by over $100 billion year-to-date. In contrast, Bitcoin ETF assets under management have stagnated near $150 billion, and secondary DAT volumes have plummeted.

### Market Performance Reflects the Trends

Market data echoes this slowdown. Bitcoin (BTC) and Ethereum (ETH) have remained range-bound, with Bitcoin trading near $101,000 and Ethereum around $3,300. Meanwhile, the broader crypto market has recently experienced heavy losses, with gaming tokens, layer-2 solutions, and meme coins suffering double-digit declines over the past week.

### Wintermute Declares the Four-Year Bitcoin Cycle “Dead”

Wintermute challenges the traditional four-year Bitcoin cycle theory, arguing that it no longer holds relevance. The firm contends that in mature markets like crypto, price movements are now driven primarily by liquidity flows rather than miner supply or halving events.

This represents a fundamental shift requiring investors to adjust expectations and place greater emphasis on monitoring macroeconomic conditions and institutional behaviors.

### Crypto Market Structure Remains Healthy

Despite the current stagnation, Wintermute emphasizes that the crypto market structure remains fundamentally healthy. Leverage has been significantly reduced, volatility is subdued, and market positioning is cleaner compared to earlier in the year.

The firm remains cautiously optimistic that renewed ETF or DAT inflows could trigger the next leg of the crypto recovery. However, for now, crypto remains the weakest performer among global risk assets.

### Outlook: Recovery Hinges on Capital Inflows

Bitcoin and Ethereum ETFs have recently seen a five-day outflow streak. Until capital starts flowing back into crypto-specific instruments, a robust recovery will likely remain elusive — even in an environment characterized by abundant liquidity.

—

**In summary, while macroeconomic conditions are favorable, capital redirection and stalled inflows have kept crypto markets subdued. Investors should monitor liquidity trends closely to identify signs of a potential turnaround in this evolving landscape.**
https://bitcoinethereumnews.com/crypto/crypto-recovery-remains-slow-despite-global-liquidity-boost-wintermute/

CoinDesk 20 Performance Update: SUI Gains 9.6%, Leading Index Higher

Avalanche and AVAX (+9.0%) showed strong performance, while laggards included ICP (-18.1%) and BTC (+2.4%). The CoinDesk 20 is a broad-based index traded on multiple platforms across several regions globally.

—

### Inside Zcash: Encrypted Money at Planetary Scale
*By CoinDesk Research | Nov 3, 2025*
*Commissioned by Gen Zcash*

Zcash has undergone a significant transformation in 2025, evolving from niche privacy technology into a fully functioning encrypted-money network. This evolution is marked by substantial growth in shielded adoption and a shift towards privacy becoming standard practice.

Currently, between 20-25% of circulating ZEC is held in encrypted addresses, while 30% of all transactions involve the shielded pool. This increase in privacy usage is largely attributed to the Zashi wallet, which has made shielded transfers the default option, pushing privacy from being optional to a standard feature.

Additionally, Project Tachyon, led by Sean Bowe, is underway to amplify transaction throughput to thousands of private transactions per second, further enhancing Zcash’s scalability and usability.

Zcash’s advancements have recently led it to surpass Monero in market share, establishing it as the largest privacy-focused cryptocurrency by capitalization.

Stay tuned for more updates as Zcash continues to develop its zero-knowledge architecture and expand its encrypted transaction ecosystem.
https://www.coindesk.com/coindesk-indices/2025/11/05/coindesk-20-performance-update-sui-gains-9-6-leading-index-higher

BNB Tests Lower Bollinger Band at $943 as Bearish Momentum Builds Despite Long-Term Uptrend

**Binance Coin (BNB) Price Analysis: Testing Support as Bearish Momentum Builds**

**Quick Take**

– **Price**: $942.86 (down 1.3% in 24h)
– **Technical**: Testing lower Bollinger Band support with bearish signals
– **RSI**: 33.68, suggesting oversold conditions
– **Market Context**: Reflects broader crypto weakness as Bitcoin declines

—

### Market Events Driving Binance Coin Price Movement

Binance Coin is currently trading lower, with no major news events directly impacting BNB in the past 48 hours. The price decline mainly follows the broader cryptocurrency market’s downturn, led by weakness in Bitcoin. This is in line with typical correlations during periods of technical consolidation, where altcoins often follow Bitcoin’s direction.

Despite the recent pullback, Binance spot market volume remains robust at $893.7 million. This indicates sustained institutional interest and suggests the current drop is likely a temporary correction rather than a shift in long-term sentiment.

—

### Binance Coin Technical Analysis: Oversold Bounce Setup

#### Price Action Context

BNB price is trading well below all short and medium-term moving averages:

– **7-day SMA**: $1,031.26
– **20-day SMA**: $1,078.10
– **50-day SMA**: $1,092.16

However, BNB remains above the **critical 200-day moving average** at $815.31—preserving its long-term bullish structure. The current price has slipped outside the lower Bollinger Band (-0.1087 %B reading), historically a sign that a short-term bounce may be forming.

#### Key Technical Indicators

– **RSI (33.68)**: In neutral-to-oversold territory, approaching levels that have marked local bottoms in the past.
– **MACD Histogram (-21.57)**: Confirms ongoing bearish momentum, but such an extreme reading suggests possible exhaustion ahead.
– **Stochastic Oscillator (%K: 20.54, %D: 18.03)**: Deep in oversold territory, often associated with imminent reversal attempts when combined with support level tests.

—

### Critical Price Levels for Binance Coin Traders

**Immediate Levels (24–48 hours):**
– **Resistance:** $967.02 (Lower Bollinger Band, now acting as resistance)
– **Support:** $880.80 (24-hour low and key support zone)

**Breakout/Breakdown Scenarios**

– A break **below $880.80 support** could trigger further selling, with the next strong support at $860.11 testing buyers’ commitment.
– Conversely, reclaiming the **$967** lower Bollinger Band level would signal the start of a mean reversion move, potentially targeting the 20-day MA near $1,078.

—

### BNB Correlation Analysis

– **Bitcoin**: BNB is closely tracking Bitcoin, with a 0.8–0.9 correlation during risk-off periods.
– **Traditional Markets**: Little direct correlation to S&P 500 movements in the current session.
– **Sector Peers**: BNB is underperforming compared to some exchange tokens, mainly due to BNB-specific technical pressures.

—

### Trading Outlook: Binance Coin Near-Term Prospects

**Bullish Case**
– If BNB holds the $880.80 support and shows RSI divergence, a relief rally toward the $1,000–$1,030 resistance area is plausible.
– Historical behavior after closing outside the lower Bollinger Band often results in mean reversion over 3–7 days.

**Bearish Case**
– Failure to hold the $880.80 support could open downside risk toward $860.11, and perhaps even the 200-day MA at $815 if crypto market weakness intensifies.
– Negative MACD momentum suggests limited buying interest at current levels.

—

### Risk Management

– **Stop-loss recommendation:** Below $860 for long positions.
– **Position sizing:** Recommended at 2–3% due to the elevated ATR ($70.42) and ongoing volatility. This helps manage risk during uncertain technical conditions.

—

*Image source: Shutterstock.*
https://Blockchain.News/news/20251105-bnb-tests-lower-bollinger-band-at-943-as-bearish-momentum

XRP Whale Sell-Off Signals Potential Downside Near $2.2 Support Zone

**XRP Whales Offload 900,000 Tokens in Five Days, Fueling Bearish Market Sentiment**

XRP whales have recently intensified selling pressure by offloading approximately 900,000 tokens over the past five days. This significant sell-off has coincided with weakening on-chain metrics and technical indicators, driving a bearish sentiment in the market and pushing prices toward critical support levels between $2.20 and $2.30.

At the same time, Open Interest has dropped 15.73% to $3.52 billion, signaling reduced leverage and heightened risk aversion among traders. Liquidation heatmaps reveal dense clusters at $2.20 and $2.30, highlighting key volatility triggers with over $100 million in potential liquidations.

—

### What Is Driving the Recent XRP Whale Selling Pressure?

Large investors, or whales, have become the dominant force behind the recent XRP sell-off, distributing around 900,000 tokens in just five days. This surge in selling activity reflects growing caution among market participants amid broader volatility.

The sell-off aligns with a 12% decrease in large holder accumulation over the past week, according to on-chain data from Santiment. Together with technical weaknesses, this selling pressure underscores a market environment marked by caution and increased short-term bearish risks.

—

### How Are Technical Indicators Reflecting XRP’s Current Market Position?

Technical analysis shows a clear bearish tilt in XRP’s price action:

– **Relative Strength Index (RSI):** Currently at 35.22, approaching oversold territory, suggesting the possibility of buying interest emerging soon.
– **Directional Movement Index (DMI):** The negative directional indicator (-DI) stands at 36.38, overpowering the positive directional indicator (+DI) of 13.13.
– **Average Directional Index (ADX):** At 39.19, confirming strong downward trend momentum.

Price action has formed lower highs and repeatedly faces rejection by a descending resistance trendline, limiting any upward breakout attempts. XRP is consolidating within the $2.20–$2.30 demand zone, a historically significant area known for accumulation and potential price rebounds.

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### Open Interest and Derivatives Market Contraction

The derivatives market for XRP has seen a notable pullback, with Open Interest falling by 15.73% to $3.52 billion. This decline reflects a broad reduction in trader participation, typically associated with periods of uncertainty and risk aversion.

According to Coinglass data, such retrenchment in leverage often leads to more stable price movements but also points to diminished speculative enthusiasm. Glassnode analysts note that Open Interest drops of over 15% frequently precede consolidation phases lasting several weeks.

Despite the current slowdown in derivatives activity, XRP’s long-term outlook remains underpinned by ongoing ripple ecosystem advancements, including cross-border payment integrations. Traders should watch for rebounds in Open Interest as a potential signal of renewed market confidence and possible whale accumulation resuming.

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### The Role of Liquidation Zones in XRP’s Price Volatility

Liquidation zones are pivotal in shaping XRP’s current price risks. Coinglass heatmaps highlight concentrated liquidation clusters around $2.30 and $2.20, where more than $100 million in leveraged positions could be liquidated.

These zones act as magnets for price action—breaching them can trigger cascading forced liquidations, potentially amplifying price swings. For example:

– A breakdown below $2.20 may initiate a chain reaction of sell-offs.
– Holding above $2.20 could prompt short-covering, leading to a relief rally.

Binance futures data supports this vulnerability, showing a 20% spike in 24-hour liquidation volumes in recent sessions.

CryptoQuant analysts emphasize the influence of such liquidity pockets on short-term price direction, advising leveraged traders to exercise caution. Recent price tests near the upper boundary of this range confirm the need for sustained trading volume to validate a bullish reversal.

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### Frequently Asked Questions

**What factors are contributing to XRP whale selling pressure in 2025?**

XRP whale selling pressure is primarily driven by profit-taking following recent gains, coupled with macroeconomic uncertainties and ongoing regulatory developments surrounding Ripple’s legal challenges. Over five days, approximately 900,000 XRP tokens were distributed, increasing market supply and exerting downward price pressure. While this intensifies short-term bearish risks, it does not diminish XRP’s long-term utility in cross-border payments.

**Will XRP hold the $2.20 support level amid current volatility?**

The $2.20 support is a critical technical level for XRP, historically acting as a strong floor during corrections. Current technical readings—including an RSI near oversold and consolidation within a key demand zone—suggest bulls could defend this level if accompanied by an uptick in volume. However, failure to hold $2.20 may expose lower support zones around $2.00, emphasizing the need for traders to prepare for potential volatility.

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### Key Takeaways

– **Whale Offloads Signal Caution:** The sell-off of 900,000 XRP tokens by large holders has increased bearish sentiment, pressing prices toward crucial support levels.
– **Open Interest Contraction:** A 15.73% drop to $3.52 billion reflects reduced leverage in the market, which may stabilize prices but limit short-term upside momentum.
– **Liquidation Zones at the Forefront:** Traders should focus on the $2.20–$2.30 range as key zones for price volatility and potential directional shifts.

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### Conclusion

XRP’s current market environment is characterized by intensified whale selling pressure, declining Open Interest, and concentrated liquidation clusters, fostering cautious trading sentiment. Prices are testing a vital demand zone between $2.20 and $2.30, with bearish technicals dominating. However, oversold signals do provide some hope for a rebound if buyers mount strong defenses.

As the Ripple network continues to expand its real-world applications, investors should closely monitor on-chain metrics and technical signals. Staying informed and prepared can offer strategic advantages in navigating this evolving landscape.
https://bitcoinethereumnews.com/tech/xrp-whale-sell-off-signals-potential-downside-near-2-2-support-zone/