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Trading & Investment Tips

Is $91K Next for Bitcoin’s Price If it Fails to Reclaim This Crucial Resistance?

by admin October 18, 2025

written by admin

BTC has settled around $107,000 as of now after the recent wild swings.

A lot can change in the cryptocurrency markets in the span of ten days or so, which has been evident since October 10. At the time, BTC traded confidently above $120,000, coming on the heels of yet another all-time high at $126,000. The overall sentiment was evidently bullish since Uptober had just started, and massive price predictions were going left and right.

Then all hell broke loose on October 10 when BTC plunged by up to $20,000 on some exchanges, bottoming at $101,000 (on Binance). Although it bounced off immediately after it cleared billions of over-leveraged positions, its recovery attempts were halted at $116,000, and the bears came back around on October 17.

As reported yesterday, bitcoin experienced another volatile rollercoaster, which pushed it to under $104,000 this time. Trump’s positive news on the US-China tariff front brought some relief, and BTC has since stalled at $107,000. The question now is what’s next, and analysts are quick to offer different opinions.

Reclaim These Levels, BTC

Satoshi Flipper weighed in on the lower timeframe (1 hour), saying that “the market would really love for BTC to reclaim $108K and break through this LFT falling wedge resistance.”

Michaël van de Poppe brought up another important level for BTC to reconquer – $110,000. He believes liquidity has disappeared lately, which leaves ATH levels out of the question for now. However, if BTC goes beyond $110,000, the broader market’s structure could improve immediately.

It’s very important for #Bitcoin to break the $110K mark.

Right now, liquidity is simply gone, through which it will take time before we’re going to have a new pattern/ATH, but it’s not far away. pic.twitter.com/Ija1ZUubXQ

— Michaël van de Poppe (@CryptoMichNL) October 18, 2025

And If Not?

Crypto Tony outlined the other side of the coin. He noted that BTC is still in great danger of falling below the coveted $100,000 level, which is anticipated by the crowd, as mentioned in a recent poll report. The analyst envisioned another wave down, especially if BTC fails to stage a quick and decisive rebound.

Bitcoin LTH Inflow On Binance Surges Tenfold Within Days — What This Could Mean

by admin October 18, 2025

written by admin

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

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

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

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

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books – ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

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

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time – he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon – cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment – spreading the crypto gospel to the rest of the world.

October 18, 2025 0 comments

Trading & Investment Tips

OpenSea Announces SEA Token Details and Launch Date

by admin October 18, 2025

written by admin

OpenSea, once the largest marketplace for digital collectibles, is preparing to launch its own native token, SEA, by the first quarter of 2026.

The plan follows a surge in platform activity after OpenSea expanded beyond NFTs to enable trading across all digital assets.

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OpenSea Readies SEA Token Rollout

On October 17, OpenSea co-founder Devin Finzer said the new token will be the cornerstone of the platform’s evolving identity. He explained that it represents OpenSea’s vision for a more open and liquid onchain economy.

“Integrating SEA into OpenSea will be the opportunity to show the world our vision. It will shine a spotlight on everything we’re building,” Finzer said.

According to Finzer, half of SEA’s supply will go to the community, with a majority distributed through an initial claim process. Longtime users and participants in OpenSea’s loyalty programs will be prioritized.

The company also plans to allocate 50% of its launch revenue toward buying back SEA tokens, reinforcing liquidity and value alignment with users.

Moreover, SEA will include staking capabilities, allowing holders to earn rewards while supporting network growth.

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“SEA isn’t the destination, but it’s a crucial moment everyone will be watching. You only get one TGE. While the Foundation is wrapping up the final details, we’re getting OpenSea ready,” Finzer added.

NFT Marketplace Evolves to The ‘Trade Everything’ App

Meanwhile, OpenSea’s token initiative is part of a broader transformation to make the platform “trade everything.”

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The company is also developing a mobile app, perpetual futures trading, and cross-chain abstraction tools. Each feature is designed to make onchain trading as seamless as using a centralized exchange.

Finzer said OpenSea’s early years were about bringing artists, collectors, and gamers into Web3 through NFTs.

He explained that the next phase gives users a single venue to manage and trade multiple asset types without relying on custodial intermediaries.

“[Our users] shouldn’t need to navigate a maze of chains, bridges, wallets, and protocols in order to use onchain liquidity, wondering whether your balance is on Solana, an Ethereum L2, or somewhere else. [They] should just be able to trade everything in one place, seamlessly,” the OpenSea CEO stated.

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Notably, the shift is already yielding positive results for the legacy NFT platform.

Indeed, OpenSea processed over $2.6 billion in total trading volume this month, with more than 90% coming from token trades.

Data from DeFiLlama shows that on October 15, the platform recorded its highest single-day decentralized trading volume of about $462.7 million. This makes it one of the fast-rising DEX platforms in the competitive DeFi space.

OpenSea DEX Volume. Source: DeFiLlama

These numbers signal a comeback for a platform once overshadowed by newer players. With SEA’s debut on the horizon, OpenSea is positioning itself as a core liquidity layer for the broader onchain economy rather than just an NFT venue.

October 18, 2025 0 comments

Trading & Investment Tips

Japanese Banks Plan Stablecoin Rollout By Year-End – Report

by admin October 18, 2025

written by admin

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amid the global push for stablecoin adoption, recent reports claim that three major Japanese banks are preparing to issue a yen-pegged token for global settlements before the end of the year.

Japanese Megabanks To Rollout Stablecoin This Year

On Friday, news media outlet Nikkei Asia reported that Mitsubishi UFJ Financial Group (MUFG) Bank, Sumitomo Mitsui Banking Corp., and Mizuho Bank are preparing to jointly launch a stablecoin “to promote settlements made with pegged cryptocurrencies.”

According to the report, the three major banks, which serve over 300,000 clients combined, plan to establish a framework for the stablecoin utilizing the system of Tokyo-based fintech company Progmat.

Notably, MUFG launched the platform in 2023 to facilitate the issuance of bank-backed stablecoins after the enactment of a 2022 bill that prohibited non-banking institutions from issuing stablecoins.

The megabanks are set to standardize their token for payments within the companies and between them. Japanese trading house Mitsubishi Corp., which has over 240 major operating companies under its umbrella, will be the first institution to use the soon-to-be-launched token for internal financial settlements.

Nikkei noted that the company expects to reduce remittance fees and administrative burdens, both internally and externally, if the token becomes widely used.

The banks will initially focus on a yen-pegged stablecoin, but plan to issue a USD-pegged version in the future. Additionally, they anticipate a rollout before the end of the year following a proof-of-concept trial.

Regulatory Efforts Push Adoption In Asia

The megabanks’ rollout plan comes as the sector gains significant momentum in Japan and Asia. In August, Japan’s Financial Services Agency (FSA) was preparing to approve the first yen-backed stablecoin this fall. Under Japan’s framework, only licensed money transfer companies, trust companies, and banks are allowed to issue the tokens.

The token would be issued by Tokyo fintech company JPYC, which was in the process of registering as a money transfer company at the time. Additionally, it would be backed by Japanese yen reserves, including bank deposits and government debt.

Noritaka Okabe, CEO of JPYC, asserted that yen-pegged stablecoins could boost Japan’s bond market, as issuers would increase demand for government bonds. He highlighted that Tether and Circle have become major buyers of US Treasuries, also noted by the US Treasury Secretary, Scott Bessent, in August.

Meanwhile, Hong Kong has been working to establish itself as one of the leading crypto hubs worldwide, advancing crucial legislation to regulate the sector. Hong Kong’s Legislative Council passed the Stablecoin Ordinance in May, which was enacted on August 1, and is expected to issue the first batch of licenses at the start of next year.

Similarly, South Korea has seen multiple bills related to the issuance and distribution of KRW-pegged stablecoins introduced in the National Assembly. The highly anticipated regulatory framework is expected to be released this quarter. In September, digital assets custodian BDACS and financial giant Woori Bank launched the first KRW-pegged stablecoin, KRW1.

It’s worth noting that Japan emerged as the fastest-growing crypto market in the Asia-Pacific (APAC) region in 2025, according to Chainalysis. The report attributed the growth in the Japanese ecosystem to the favorable policy developments in recent years.

As a result, Japan surpassed other leading nations, including India, South Korea, and Vietnam, in terms of on-chain value received, which grew by 120% in the 12 months leading to June 2025.

Stablecoin, bitcoin, BTC, btcusdt

Bitcoin (BTC)'s performance in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

October 18, 2025 0 comments

Trading & Investment Tips

4 Reasons Why Bitcoin (BTC) Dumped by $23K in 10 Days

by admin October 18, 2025

written by admin

BTC slumped below $104,000 on Friday.

Remember the ‘Uptober’ narrative? October, the month that kicks off Q4, is promised to be a bullish one. There were high hopes for the 2025 edition as well.

And it all started on the right foot as BTC exploded out of the gate and peaked above $126,000 to chart a new all-time high. Thus, it had added over $16,000 of value in the span of just 10 days. However, things reversed just as quickly, and it lost even more ground against the greenback in the following 10 days. Here are some of the possible reasons behind this massive crash.

Trump-Led Uncertainty

The most significant price collapse, which occurred at the end of the previous business week, was largely attributed to global political uncertainty prompted by US President Donald Trump. The POTUS threatened China with a new wave of tariffs after accusing its authorities of a lack of transparency in certain areas.

Although such threats have taken place occasionally ever since he took office, BTC reacted with an immediate correction from over $122,000 to under $117,000. The situation worsened in the following hours, especially since futures positions started to get wrecked in an overly leveraged market.

The results were violent to say the least as bitcoin slumped to $110,000 on some exchanges, and all the way down to $101,000 on others. What’s particularly interesting here is that the entire calamity might have been one big misunderstanding between the two superpowers. Reports started to emerge that it was exaggerated, and the tension eased in the following days. With it, BTC’s price recovered to $116,000.

The focus then turned to another flammable geopolitical scene – the Ukraine/Russia war. On Thursday, Trump met with Russia’s Putin, and BTC started to lose traction as the meeting was taking place. On Friday, the POTUS was visited by Ukraine’s Volodymyr Zelenskyy. Reports indicated that the Ukrainian leader might not receive the requested Tomahawk cruise missiles.

It’s also worth mentioning the US government shutdown, which has continued for over two weeks now.

US Banking Crisis?

The US banking system saw shades of the 2023 failure of Silicon Valley Bank when two regional organizations – Zions Bancorp and Western Alliance – published some controversial data that stirred fear into investors. The former disclosed a $50 million charge-off tied to two commercial loans in California, while the latter initiated a fraud lawsuit against a borrower, which fueled doubts about its loan portfolio quality.

Investors were spooked not only in the US but also in Asia and Europe, as evidenced by the drop in stock prices on Friday for major banks such as Deutsche Bank, Barclays, and Société Générale.

Although BTC is supposed to be the answer to cracks in the traditional financial system, such crises typically harm it, especially in the short term.

ETF Exodus

After an impressive 9-day period that started in late September, in which the spot Bitcoin ETFs attracted nearly $6 billion, the trend reversed at the end of the previous business week, with a minor net outflow of $4.5 million.

However, the withdrawals intensified on Monday ($326.4 million), Wednesday ($104.1 million), and particularly on Thursday when more than $530 million left these financial products. Friday was also in the red, with more than $366 million leaving the funds.

The total amount withdrawn from the US-based ETFs exceeded $1.2 billion for the week, which undoubtedly increases the pressure on the underlying asset.

Gold Up, BTC Down

In times of uncertainty, investors tend to flock to safe-haven assets. Although this year has had its ups and downs, they have shown a somewhat different approach. Gold has been the preferred investment tool for many, which is evident from its massive rally in 2025.

It charts new all-time highs almost daily, with the latest being at almost $4,400/oz on Friday. At the same time, BTC’s performance has been quite underwhelming lately. This could prove critics like Peter Schiff right (at least for the moment) that the precious metal is still the preferred choice, even though many BTC proponents have argued in the past decade that the cryptocurrency is ‘digital gold.’

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October 18, 2025 0 comments

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Solana Price Risks Major Breakdown, Should Investors Worry?

by admin October 18, 2025

written by admin

As Solana’s (SOL) price attempts to hold a crucial support area, an analyst has warned investors that the highly anticipated “Solana season” might not happen as the altcoin risks a massive price crash.

Solana Risks ‘Serious Downside’

On Friday, Solana followed the rest of the market and fell below the $180 support to retest the recent lows. The cryptocurrency started this week by recovering from last week’s correction to its two-month low of $168, briefly attempting to reclaim the $210 resistance on Tuesday.

However, the recent market volatility has seen the altcoin lose the $200 level again and retest a crucial support area that could determine SOL’s next move. Amid this performance, analyst Crypto Bullet shared a bearish outlook for Solana, suggesting that a 75% crash from current prices might be coming.

In Q2, the market watcher warned that the cryptocurrency’s bull market was “likely over,” highlighting its structure in the higher timeframe chart. Per the post, SOL “had a clear 5-wave Impulse to the upside that ended in January with $TRUMP coin blow off top,” when the altcoin hit its all-time high (ATH) of $293.

Based on this, he forecasted that Solana would see an ABC corrective wave pattern in the coming months, with a potential bounce to the $240-$250 area for the B wave, before “the most painful wave down (C).”

SOL displays a potential ABC corrective wave pattern in the monthly chart. Source: Crypto Bullet on X

The analyst affirmed that the cryptocurrency has likely completed the B wave, although it could have a bounce to a new higher high before the breakdown. “The monthly candle still has 2 weeks to close green, but frankly speaking, Solana looks cooked (whether we get a higher high to trap more people or not),” he affirmed.

Crypto Bullet cautioned SOL holders that if the C wave has started, they “should be prepared for some serious downside” in the mid-term toward the $40 target.

Can SOL Retest $210?

Analyst Ted Pillows also cast a warning for investors, asserting that “Solana treasury companies are in free fall right now.” He suggested that the recent dump is partially driven by the halt in institutional bidding. “Until these companies show some recovery, I think Solana’s price recovery will be difficult,” the post read.

Despite the bearish predictions, some market watchers consider that SOL’s bullish outlook is still in play. Man of Bitcoin highlighted that Solana’s price is potentially forming a 1-2 setup, which could send its price back to the $200-$210 area.

To the analyst, as long as the price holds above the $170 support level, the bullish scenario could continue to play out. Meanwhile, Crypto Yapper noted that Solana is currently retesting a double support in the daily chart, which could set the stage for a 15%-20% bounce.

Three Metrics Show XRP Price Is Done Falling – Here’s Why

by admin October 18, 2025

written by admin

XRP price has dropped nearly 23% over the past 30 days, extending one of its steepest declines this quarter. However, the token has shown its first signs of recovery — rising 6% in the past 24 hours — as several technical and on-chain metrics suggest the worst may be over.

Together, these signals point to fading selling pressure and the early signs of a potential rebound.

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Investor Losses Hint at a Market Bottom

Recent on-chain data shows that investors are reaching exhaustion, a sign often seen when a market is close to bottoming out.

The Net Unrealized Profit/Loss (NUPL) measures whether investors are sitting on profits or losses. When it turns deeply negative, it means most holders are in loss, usually a sign of capitulation.

For XRP, the short-term holder NUPL has now dropped to a one-year low of –0.20 as of October 17, with the token trading near $2.30.

The last time it reached such local lows was in April and June, both followed by sharp rebounds. For example, on April 8, when NUPL hit –0.13, XRP gained 20% in four days. On June 22, with NUPL at –0.15, it rallied 74% in a month.

Short-term Holders Are At a Loss: Glassnode

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

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The long-term holder NUPL, which tracks older investors, has also fallen to a six-month low of 0.53. A similar low earlier this month led to a short-term XRP price bounce from $2.38 to $2.62, a 10% rise.

Profits For Long-Term Holders Diminishing: Glassnode

Both readings dropping together suggest widespread fatigue among holders and a potential setup for recovery.

Momentum Indicators Support the Reversal View

The XRP price momentum is now validating the on-chain losses reflected by NUPL. The Relative Strength Index (RSI) — a technical tool that measures how strong or weak price movements are — is showing what’s known as a hidden bullish divergence.

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Between April 7 and October 10, XRP’s price formed a higher low, while RSI made a lower low. This usually happens when the market is still in an uptrend but is temporarily cooling off. The signal suggests that, despite recent weakness, the underlying strength of XRP, since April, remains intact.

XRP Divergence Hinting At An Uptrend: TradingView

This alignment between NUPL exhaustion and RSI divergence reinforces the idea that XRP’s correction could be ending, setting the stage for an early recovery.

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Key Levels to Confirm an XRP Price Recovery

The technical XRP price structure also supports this view. Three death crossovers — where short-term moving averages cross below longer ones — have already completed. The 20-day EMA has fallen under the 100-day and 200-day, and the 50-day has dropped below the 100-day.

These signals often appear near the end of a bearish phase, suggesting the correction may have run its course.

The Exponential Moving Average (EMA) is a line that smooths price data to show the overall direction more clearly.

The XRP price trades near $2.35 at press time. A daily close above $2.44 would mark the first sign of strength, while a confirmed move above $2.59 — near the 200-day EMA — could clear the way toward $2.82 and $3.10.

If the price slips below $2.28, however, the recovery setup would weaken, and the XRP price could retest support at $2.08 or even $1.77, likely its broader cycle bottom.

October 18, 2025 0 comments

Trading & Investment Tips

BTC Price Dips Below $105K Amid Market Reset, Analysts Call It a “Controlled” Pullback

by admin October 18, 2025

written by admin

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The BTC price slid under $105,000 on Friday, tagging a 15-week low and revisiting supports first probed during last week’s tariff-sparked selloff.

Short-term momentum has weakened after repeated failures to hold above $112,000–$116,000, leaving price compressed between a $104,000–$107,000 demand zone and heavy resistance near $120,000–$124,000 (the prior ATH band).

bitcoin btc btcusd

BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview

Technicians note that BTC price has now interacted with its 200-day moving average for the first time in six months, while the 20- and 50-day MAs trend lower, typical of a cooling phase after a vertical rally.

BTC Price Tests $104K–$107K Support as Leverage Clears

Despite the headline drop, Bitcoin’s derivatives data and positioning point to a “controlled deleveraging” rather than panic. Open interest has reset to mid-year levels and funding flipped negative during the flush, indicating speculative longs were forced out.

Spot flows remain steadier by comparison, suggesting long-term holders are largely unmoved.

If bulls reclaim $110,000–$113,000, a relief bounce toward $116,000–$120,000 is plausible; lose $104,000–$106,000, and many traders eye the $101,000–$102,000 “wick fill,” with some warning a swift tag of $98,000–$100,000 if liquidity thins.

Macro Cross-Currents: Banks, Gold, and the Fed

Macro stress amplified the move. Renewed pressure on U.S. regional banks, echoing the 2023 episode, fed risk-off flows just as U.S.–China trade tensions re-flared.

Meanwhile, gold printed fresh highs, highlighting a safe-haven bid while crypto cooled. Market odds favor a potential Fed rate cut at the late-October and early-November meeting, which could ease financial conditions and support a Q4 crypto rebound; a hawkish surprise, however, would likely extend consolidation.

Bitcoin ETF flows have moderated from a record pace, with select U.S. crypto funds posting net outflows this week as investors de-risk.

Nonetheless, the broader investment case, ETF access, institutional adoption, and a structurally constrained BTC supply, remain intact, according to several desks framing the slide as a healthy reset after “Uptober’s” exuberance.

Altcoins Underperform While Bitcoin Dominance Rises

Altcoins extended losses as liquidity rotated into BTC and stablecoins. ETH, BNB, SOL, XRP dropped 7-12% on the day, while higher-beta names like DOGE and ADA fell more sharply week-to-date. Historically, this phase of rising BTC dominance persists until Bitcoin stabilizes and risk appetite returns downstream.

Key levels to watch include a BTC price Support $104,000–$106,000, then $101,000–$102,000; Resistance $110,000–$113,000, $116,000, and $120,000–$124,000.

A decisive close back above $120,000 would reassert the uptrend and put new highs back in focus. Until then, analysts expect rangebound, catalyst-driven BTC price action as leverage stays light and the market digests macro signals.

Cover image from ChatGPT, BTCUSD chart on Tradingview

October 18, 2025 0 comments

Trading & Investment Tips

Pi Network (PI) News Today: October 18th

by admin October 18, 2025

written by admin

PI’s price continues to sink, but the project behind the token remains in the spotlight with a series of notable developments. Here’s a breakdown of everything new you should know.

The Latest Endeavors

As CryptoPotato reported, Pi Network’s team unveiled new updates to the Pi App Studio “to make app creation more accessible and customizable, and integrated within the Pi ecosystem.” Specifically, the new features improve the user experience, provide further AI-assisted capabilities, and strengthen the connection between creators and the community.

Pi App Studio is an AI-powered platform launched by Pi Network, which enables users to create decentralized applications (dApps) without any programming skills. It was launched on June 28, a date known across the PI community as Pi2Day.

Another recent endeavor related to Pi Network is the Pi Hackathon 2025. This event encourages developers to create real-world applications that expand the utility of the PI token, thereby improving the ecosystem. It incentivizes participants’ efforts with a prize pool of 160,000 coins, distributed to the first eight teams.

The event’s starting date was August 21, and it was supposed to end on October 15. Nonetheless, Pi Network’s team has not yet unveiled any information about its conclusion.

PI’s Free Fall

Despite the aforementioned developments, the price of Pi Network’s native token has been on a massive decline in the last several months. Currently, it trades at roughly $0.20, representing a 43% drop on a monthly scale and a staggering 93% crash compared to the all-time high levels from February.

The waning enthusiasm across the community, coupled with the looming token unlocks, suggests a further downfall might be incoming. Data indicates that nearly 120 million PI will be freed up in the next month, a less substantial amount than in previous months, yet still capable of increasing selling pressure.

The Positive Signs

However, it’s not all doom and gloom, as two factors indicate PI’s price may rebound soon. The first is the reduced amount of tokens stored on crypto exchanges. The figure has dropped to 411 million after over 2.6 million PI have been transferred from centralized platforms to self-custody methods in the past 24 hours. This leads to reduced immediate selling pressure.

Next on the list is PI’s Relative Strength Index (RSI), which traders often use to spot reversal points. The technical analysis tool measures the speed and magnitude of the latest price changes, with a range from 0 to 100. Readings below 30 are considered buying opportunities, while those above 70 indicate incoming corrections. As of this writing, the RSI stands at 26.

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October 18, 2025 0 comments

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Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip

by admin October 18, 2025

written by admin

Cardano (ADA) fell roughly 27% this week, slipping below the $0.66 support as risk-off flows hit crypto. Bitcoin’s slide toward $104,000 and softer altcoin liquidity magnified downside, and on-chain data shows large holders leaning defensive.

Whale Flows Split as ADA Loses Support

Santiment-tracked wallets holding 1–10 million ADA offloaded about 40 million ADA over seven days, while broader whale distribution reportedly reached 350 million ADA, pressuring price. other big wallets accumulated 140–200 million ADA, creating a split tape that’s fueling choppy consolidation between $0.65–$0.70.

Derivatives add to the cautious tone. Cardano’s open interest slipped 2.12% to $669.9 million, and long liquidations ($1.13 million) dwarfed shorts ($187,000), signaling bulls bore the brunt of the latest flush.

On the 4-hour chart, ADA is carving a falling wedge, but confirmation requires a breakout above $0.74. Until then, momentum indicators remain mixed: RSI 37 (approaching oversold) while CMF 0.12–0.15 hints at returning spot inflows that have yet to overpower supply from large holders.

Downside Risk First, Rebound Later

Technicians flag a “risk-first” path: losing $0.66 puts $0.65 in play; failure there opens $0.62–$0.60, then $0.57 (channel/structure confluence). A deeper shakeout could probe $0.53 if broader crypto weakness persists.

On the upside, ADA must reclaim $0.66 and then clear $0.74–$0.80 (50-day EMA cluster) to flip trend strength. Above that range, bulls target $0.86, with a psychological $1.00 retest feasible into Q4 if risk appetite and flows improve.

Several analysts still eye a path toward $1.20–$1.60 on a confirmed breakout, but most caution the market may dip before it rips given leverage resets and uneven liquidity.

ETF headlines (including the Oct. 23 Grayscale ADA ETF decision window), stablecoin and ETF net flows, and whether whale selling cools. A rotation back into altcoins typically follows BTC stabilization; conversely, renewed BTC downside would likely extend ADA’s consolidation near the lows.

ADA's price trends to the downside on the daily chart. Source: ADAUSD on Tradingview

Treasury, Staking, and Ecosystem Still Build

Beyond price, Cardano’s community treasury has surpassed 1.6 billion ADA ($1 billion), funded by fees and staking rewards and governed via Project Catalyst, a war chest that supports tooling, DeFi, and infrastructure without VC overhang.

Trading & Investment Tips

Reclaim These Levels, BTC

And If Not?

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BTC Price Tests $104K–$107K Support as Leverage Clears

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Altcoins Underperform While Bitcoin Dominance Rises

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