Traders are watching $0.127 as near-term support, with $0.137 now the key level DOGE must reclaim to stabilize.
Dogecoin started a fresh decline below the $0.1400 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1400.
- DOGE price started a fresh decline below the $0.1400 level.
- The price is trading below the $0.1380 level and the 100-hourly simple moving average.
- There is a key bearish trend line forming with resistance at $0.1375 on the hourly chart of the DOGE/USD pair (data source from Kraken).
- The price could extend losses if it stays below $0.1400 and $0.1420.
Dogecoin Price Dips Further
Dogecoin price started a fresh decline after it closed below $0.1420, like Bitcoin and Ethereum. DOGE declined below the $0.1400 and $0.1380 support levels.
The price even traded below $0.1350. A low was formed near $0.1326, and the price recently corrected some losses. There was a minor increase toward the 23.6% Fib retracement level of the downward move from the $0.1530 swing high to the $0.1326 low.
Dogecoin price is now trading below the $0.1400 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1380 level. There is also a key bearish trend line forming with resistance at $0.1375 on the hourly chart of the DOGE/USD pair.
The first major resistance for the bulls could be near the $0.140 level. The next major resistance is near the $0.1425 level and the 50% Fib retracement level of the downward move from the $0.1530 swing high to the $0.1326 low. A close above the $0.1425 resistance might send the price toward the $0.1450 resistance. Any more gains might send the price toward the $0.1500 level. The next major stop for the bulls might be $0.1550.
Another Decline In DOGE?
If DOGE’s price fails to climb above the $0.140 level, it could continue to move down. Initial support on the downside is near the $0.1340 level. The next major support is near the $0.1325 level.
The main support sits at $0.130. If there is a downside break below the $0.130 support, the price could decline further. In the stated case, the price might slide toward the $0.1250 level or even $0.1240 in the near term.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.
Major Support Levels – $0.1340 and $0.1300.
Major Resistance Levels – $0.1400 and $0.1420.
Key takeaways:
-
SOL funding rates signal low bullish conviction after a 46% price drop, despite Firedancer’s launch and rising Solana network transactions.
-
Solana DApp revenues and DEX activity have weakened sharply, suggesting broader market fatigue even as Solana’s ecosystem grows.
Solana’s native token, SOL (SOL), has failed to sustain prices above $145 for the past four weeks. A decline in network activity amid reduced demand for decentralized applications has negatively impacted SOL’s outlook.
With Solana’s TVL now down more than $10 billion from its September peak, onchain metrics are flashing signs that user participation is cooling faster than expected.
The total value locked (TVL) on Solana has been in decline since reaching its all-time high of $15 billion in September. Falling smart contract deposits increase the immediately available SOL supply for sale. Meanwhile, revenues from decentralized applications (DApps) on Solana dropped to $26 million per week, down from $37 million two months earlier.
Traders’ appetite for memecoins has also weakened since the cryptocurrency market flash crash on Oct. 10, an event that exposed critical flaws in leveraged positions and the overall liquidity of smaller altcoins. Regardless of whether derivatives markets amplified the move, traders became less comfortable with DEX platforms following the $19 billion liquidation event.
Memecoins have been a major driver for SOL, especially after the Official Trump (TRUMP) launch in January, which pushed decentralized exchange (DEX) volumes on Solana to $313.3 billion that month. According to DefiLlama data, this activity has since dropped by 67%, partly explaining the softer revenue trends across Solana DApps.
Still, the reduced demand for blockchain-based applications may reflect a broader market slowdown rather than a specific weakness in Solana.
Solana network fees fell by 21% over the past 30 days, yet competing blockchains experienced steeper declines. Fees on the BNB Chain dropped 67%, while Ethereum saw a 41% decrease over the same period, according to Nansen data. Additionally, the number of transactions on Solana increased by 6%, while activity on the BNB Chain decreased by 42%.
SOL long leverage demand vanishes
SOL perpetual futures can provide a useful gauge of traders’ sentiment, as exchanges charge either buyers (longs) or sellers (shorts) based on leverage demand. In neutral conditions, the funding rate typically ranges between 6% and 12% per year, with longs paying to keep their positions open given the cost of capital. Conversely, a negative funding rate signals broader bearish sentiment.
SOL’s annualized funding rate stood at 6% on Friday, showing weak demand for bullish leverage. The unusual 11% negative reading on Thursday should not be interpreted as heavy demand for bearish positions, as market makers moved quickly to stabilize imbalances. Still, it may take time for bulls to rebuild conviction after SOL’s 46% price decline over three months.
Several recent developments in the Solana ecosystem are expected to draw renewed investor interest, including Friday’s mainnet launch of Firedancer, a new validator client designed to expand processing capacity. The project took more than three years to build under the guidance of Jump Trading, one of the industry’s top market makers. Developers reported a strong response after the validator node re-synced in under two minutes.
Related: J.P. Morgan taps Solana for Galaxy’s tokenized corporate bond issuance
Kamino, the second-largest Solana DApp by TVL, also announced new products on Friday, including fixed-rate and fixed-term borrowing, offchain collateral, private credit and an onchain Bitcoin-backed institutional credit line. Kamino’s $69 million in annualized fees and an average 10% annualized yield on deposits offer a clear indication of the ecosystem’s expansion.
Whether SOL can reclaim the $190 level last seen two months ago remains uncertain, and it is unlikely that improved validation software or expanded DApp offerings alone will restore the confidence needed to support a sustainable bullish trend.
This article is for general information purposes and is not intended to be and should not be taken as, legal, tax, investment, financial, or other advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
😨 Crypto Slides into “Extreme Fear”
📌 What Happened
🗣️ What They’re Saying
🧠 Why It Matters
🌎 Macro Crypto and Memes
In Corporate Treasuries / ETFs
In Memes
💰 Token, Airdrop & Protocol Tracker
🚚 What is happening in NFTs?
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Darius Baruo
Oct 19, 2025 09:24
EIGEN price drops 3.86% to $1.12 as technical indicators signal continued bearish pressure, with the token approaching lower Bollinger Band support amid broader crypto market weakness.
Quick Take
• EIGEN trading at $1.12 (down 3.9% in 24h)
• Trading on technical factors in absence of major catalysts
• Price testing lower Bollinger Band at $0.87 support zone
• Following Bitcoin’s downward trajectory alongside broader crypto selloff
Market Events Driving EigenLayer Price Movement
No significant news events have emerged in the past 48 hours to drive EIGEN price action, leaving the token to trade purely on technical factors and broader cryptocurrency market sentiment. The absence of major catalysts has allowed technical momentum to take control, with bearish signals dominating the current market structure.
The broader cryptocurrency market weakness, led by Bitcoin’s decline, has created headwinds for alternative tokens including EigenLayer. Traditional correlations remain intact as institutional flows continue to treat crypto assets as a cohesive risk-on asset class during periods of uncertainty.
EigenLayer Technical Analysis: Bearish Momentum Intensifies
Price Action Context
EIGEN price currently sits well below all major moving averages, signaling a clear bearish trend structure. Trading at $1.12, the token has fallen significantly below its 7-day SMA of $1.22 and remains under pressure from the 20-day SMA at $1.51. This positioning indicates continued selling pressure and lack of bullish conviction from market participants.
The EigenLayer technical analysis reveals concerning momentum as the token trades within the lower portion of its Bollinger Bands, with a %B position of 0.1949 suggesting proximity to oversold conditions. Volume on Binance spot market reached $8.15 million over 24 hours, indicating moderate interest but insufficient buying pressure to reverse the downtrend.
Key Technical Indicators
The RSI reading of 36.58 places EIGEN in neutral territory but trending toward oversold conditions, suggesting potential for a technical bounce if support levels hold. However, the MACD configuration tells a different story, with the main line at -0.1407 and a negative histogram of -0.0575 confirming sustained bearish momentum.
Stochastic indicators (%K at 37.40, %D at 38.50) align with the bearish narrative, showing limited bullish divergence and suggesting further downside pressure may continue in the near term.
Critical Price Levels for EigenLayer Traders
Immediate Levels (24-48 hours)
• Resistance: $1.22 (7-day moving average and recent support turned resistance)
• Support: $0.87 (lower Bollinger Band providing critical technical support)
Breakout/Breakdown Scenarios
A breakdown below the $0.87 support level could trigger accelerated selling toward the next major support zone around $0.50, representing the strong support level identified in the current market structure. Conversely, a sustained move above $1.22 would need to reclaim the 7-day SMA to signal potential trend reversal, with upside targets at $1.32 (EMA 12) and eventually $1.46 (EMA 26).
EIGEN Correlation Analysis
EigenLayer continues to demonstrate strong correlation with Bitcoin’s price movements, following the leading cryptocurrency’s bearish trajectory without significant divergence. This correlation pattern suggests EIGEN price remains subject to broader crypto market sentiment rather than token-specific fundamentals.
Traditional market influences appear limited in the current session, with crypto assets trading more on internal technical factors than external equity or commodity market pressures. The sector-wide weakness indicates institutional flows treating digital assets as a unified risk category.
Trading Outlook: EigenLayer Near-Term Prospects
Bullish Case
Recovery potential exists if EIGEN price can maintain support above the $0.87 lower Bollinger Band level and RSI begins showing bullish divergence. A successful defense of this technical support, combined with broader crypto market stabilization, could trigger a relief rally toward $1.22-$1.32 resistance zone.
Bearish Case
Failure to hold the $0.87 support opens the door for further downside toward $0.50, where strong support awaits based on the current EigenLayer technical analysis. Continued Bitcoin weakness and lack of positive catalysts could extend the bearish momentum through the remainder of October.
Risk Management
Traders should consider stop-losses below $0.85 to limit downside exposure while maintaining position sizes appropriate for the current daily ATR of $0.22. The elevated volatility environment requires careful risk management as EIGEN price navigates critical technical levels in the coming sessions.
Image source: Shutterstock
The total crypto market cap is down to $3.7 trillion on CG.
Bitcoin’s price recovery since Friday was stopped at just over $107,000, and the asset has retraced by a grand since then.
While most altcoins are relatively sluggish on a daily basis, the weekly performance shows a clearer and violent picture for many.
BTC Back to $106K
It has been a hell of a ride for the primary cryptocurrency that began on October 10 with a massive price plunge from over $121,000 to $110,000 on some exchanges and to $101,000 on others. The initial propeller was the threats by US President Trump against China, but the actual pain came as the overly leveraged market came undone.
Nevertheless, BTC bounced off rather quickly and recovered some ground during the previous weekend. It kept climbing as the business week progressed and topped $116,000 on Tuesday. However, it was stopped there and pushed south to $110,000.
This resistance held at first but was lost on Thursday when the bears drove it south to $108,000. Friday saw another leg down that this time resulted in a price dump to under $104,000.
The cryptocurrency finally reacted with a relief rally when Trump said the tariffs on China won’t stand. BTC pumped to $106,000 and even $107,000 yesterday, but was stopped and pushed south to the former as of now. Its market cap is down to $2.120 trillion on CG, while its dominance over the alts is just over 57%.
Ups and Downs
Most altcoins have remained sideways over the past day, but the weekly charts show a different picture. BNB is among the poorest performers, having lost 8% of value and trading below $1,100. BCH is down by 12%, while LINK, XLM, AVAX, HBAR, ADA, and XRP are also slightly in the red.
In contrast, ETH, SOL, TRX, and DOGE are with minor weekly gains. More impressive increases came from the likes of MNT, WLFI, TAO, and ENA.
The total crypto market cap is down to $3.7 trillion, which means it has erased roughly $500 billion in just over a week.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
BTC and ETH fell again on Friday amid global tensions and macroeconomic uncertainty.
The cryptocurrency market fell again on Friday, extending a four-day losing streak as investors grappled with rising geopolitical tensions, trade uncertainties, and the ongoing U.S. government shutdown.
Bitcoin (BTC) is trading at $106,400, down 2% on the day, while Ethereum (ETH) is hovering around $3,830, down 3.2% in the same timeframe.
John Glover, Chief Investment Officer at Ledn and former MD at Barclays, said he believes the current bull run in Bitcoin has ended.
“I firmly believe that we have finished the five-wave move higher, and we will now commence a bear market that will last into late 2026 at a minimum,” Glover said. “That’s not to say that we can’t retest $124K, or even slightly higher, but my view is that prices in the coming months will be lower than they are today.”
He added that his expectation is that the bear market will see Bitcoin trading as low as $70,000 to $80,000, and potentially lower. “The bear market target will become clearer as we watch the price action unfold in the coming months,” Glover said.
Total Crypto Market Cap Drops
Other Top 10 coins also plunged: BNB slipped 7% to $1,074, Solana (SOL) fell 3% to $183, and XRP declined 2.8% to $2.29.
Among smaller tokens, the day’s biggest losers included AAVE, down nearly 13% to $203; ASTER, down 12% to $1.13; and Flare (FLR), down 8.5% to $0.06.
The top gainer of the day was Ethena (ENA), which surged 9% to $0.43, according to CoinGecko.
The total crypto market capitalization dropped 1.5% to $3.70 trillion, with Bitcoin’s dominance at 57.4% and Ethereum’s share at 12.4%.
Liquidations and Market Flows
Around $972 million in crypto positions were liquidated over the past 24 hours, according to Coinglass data. Longs made up about $682 million, while shorts accounted for $286 million.
Bitcoin led the liquidations with nearly $345 million, followed by Ethereum at around $231 million. Altcoins collectively contributed around $85 million.
Spot Bitcoin ETFs recorded $536 million in outflows on Thursday, marking a second straight day of withdrawals that now total around $637 million. Spot Ethereum ETFs also had outflows, totaling nearly $57 million, according to SoSoValue.
Geopolitical and Macro Uncertainty
The persistent market weakness highlights a cautious environment as economic and global tensions hit an already shaky crypto market, prompting traders to rethink risks in digital assets.
Today, President Donald Trump is meeting with Ukrainian President Volodymyr Zelenskyy to talk about giving Kyiv tools to hit deeper into Russia, including a possible trade of Ukrainian drones for long-range missiles.
Trump also said he hopes to persuade Russian President Vladimir Putin to end the war during an upcoming meeting in Hungary, while coordinating with Zelenskyy, CNN reported.
Domestically, the government shutdown is still ongoing, with Senate Republicans and Democrats at an impasse over funding and health care, and no deal in sight.
The only potential relief comes from the Federal Reserve, which meets later this month. Most investors are expecting a rate cut, with CME Group data showing a 96% chance of a 25 basis point reduction.
“The way markets are reacting now is a mix of panic selling, stops triggering, and selective inbound bids as buyers try to pick bottoms,” said David Siemer, CEO of Wave Digital Assets. “We’re probably not seeing a full systemic ‘crash’, but we are entering an environment where a break below major support levels (e.g. for Bitcoin around $100K) could lead to another leg down.”
HBAR fell sharply over the 24-hour period from Oct. 16 at 15:00 to Oct. 17 at 14:00, dropping from $0.18 to $0.16 — an 11.15% decline within a 12.74% trading range.
The heaviest selling occurred between 06:00 and 08:00 on October 17, when the price fell from $0.17 to $0.16 on strong volume. Resistance formed at $0.17, while repeated rebounds near $0.16 established firm support despite a continued bearish pattern of lower highs.
In the final hour of trading, HBAR showed high volatility around the $0.16 mark, recovering briefly after a steep dip between 13:43 and 13:47. Trading volume surged above 4 million during this rebound, suggesting temporary stabilization at key support levels.
The decline reflected broader market weakness, with selling pressure intensifying across the digital asset space. Despite short-term recovery efforts, HBAR remains under downward pressure, indicating that consolidation within the $0.16 range may precede any potential reversal.
Technical Indicators Expose Market Fragility
- HBAR declined 11.15% throughout the preceding 24-hour period from 16 October 15:00 to 17 October 14:00.
- Robust resistance established at the $0.17 threshold accompanied by elevated selling pressure.
- Support levels confirmed around the $0.16-$0.16 range with multiple rebound attempts.
- Lower peaks pattern indicates sustained bearish momentum despite consolidation efforts.
- Volume surged to 175.12 million during peak selling pressure between 06:00-08:00.
- Final hour demonstrated volatility with recovery attempts and elevated volume exceeding 4 million.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Ethereum price struggled to stay above $4,020 and dipped further. ETH is now consolidating in a range and might decline further if there is a move below $3,820.
- Ethereum started a fresh decline below $4,020 and $4,000.
- The price is trading below $4,000 and the 100-hourly Simple Moving Average.
- There is a key bearish trend line forming with resistance at $4,070 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could continue to move down if it trades below $3,820.
Ethereum Price Dips Below Support
Ethereum price struggled to settle above $4,120 and corrected most gains, like Bitcoin. ETH price declined below the $4,020 and $4,000 levels.
It even tested the $3,820 zone. A low was formed at $3,828 and the price is now consolidating losses. There was a minor increase toward the 23.6% Fib retracement level of the recent decline from the $4,215 swing high to the $3,828 low.
Ethereum price is now trading below $4,000 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $4,070 on the hourly chart of ETH/USD.
On the upside, the price could face resistance near the $3,950 level. The next key resistance is near the $4,020 level and the 50% Fib retracement level of the recent decline from the $4,215 swing high to the $3,828 low. The first major resistance is near the $4,070 level and the trend line.
A clear move above the $4,070 resistance might send the price toward the $4,120 resistance. An upside break above the $4,120 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,220 resistance zone or even $4,250 in the near term.
Another Decline In ETH?
If Ethereum fails to clear the $4,020 resistance, it could start a fresh decline. Initial support on the downside is near the $3,880 level. The first major support sits near the $3,820 zone.
A clear move below the $3,820 support might push the price toward the $3,740 support. Any more losses might send the price toward the $3,650 region in the near term. The next key support sits at $3,550.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.
Hourly RSI – The RSI for ETH/USD is now below the 50 zone.
Major Support Level – $3,820
Major Resistance Level – $4,070
Stellar Lumens (XLM) experienced pronounced volatility during the 23-hour trading session ending Oct. 16, moving within a 5% range between $0.32 and $0.33. After early weakness, institutional buying helped the token rebound toward midday, with volumes signaling renewed corporate participation.
The momentum faded late in the session, as XLM fell from $0.33 to just under $0.32 in the final hour of trading, erasing earlier gains. The decline marked a key break below established support levels, highlighting the market’s sensitivity to shifting liquidity conditions.
Institutionally, Stellar’s ecosystem advanced as WisdomTree launched Europe’s first physically backed Stellar Lumens ETP, trading across Swiss SIX and Euronext exchanges. The move enhances regulated exposure to XLM, underscoring growing institutional interest despite near-term volatility.
Meanwhile, competitive pressures are mounting in the digital payments space. New entrants like Digitap are leveraging streamlined compliance models to challenge incumbents such as Stellar and Ripple, reshaping the enterprise blockchain payments landscape.
Market Structure Analysis Indicates Institutional Activity
- Stellar maintained trading within a $0.02 band, representing a 5% differential between session highs of $0.33 and lows of $0.32
- The cryptocurrency demonstrated recovery capacity following a decline to $0.32 at 09:00 on October 16
- Upward momentum reached peak levels at $0.33 during midday trading, supported by substantial volume of 73.74 million units during the initial rebound
- Price support materialized around the $0.32 level, where consistent buying interest emerged
- Resistance established near $0.33, with the asset concluding the period at $0.33
- Trading volume patterns indicated heightened institutional engagement during critical price movements, notably a 0.97 million unit surge at 13:31-13:32
- Session conclusion marked by diminished volume activity, suggesting potential liquidity constraints and confirming breakdown below established support parameters
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Newer Posts
