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surge

MSP Miner launches new cloud mining contract for XRP holders
NFT Gaming

XRP price Elliot Wave pattern points to a surge as catalysts mount

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XRP price dropped to an important support level today, Sept. 26, as the recent cryptocurrency market crash continued.

Summary

  • An Elliot Wave analysis points to an eventual XRP price rebound in the fourth quarter.
  • The coin has formed other bullish patterns like a flag and cup-and-handle, pointing to more gains.
  • There are signs of more demand for XRP after the spot XRP ETF approvals.

Ripple (XRP) token dropped to $2.7, down by 26% from its highest level this month. Still, its technical and points to a strong rebound in the coming weeks.

XRP price Elliot Wave pattern points to a rebound 

The daily timeframe chart shows that the XRP price is in the impulse phase of the Elliott Wave pattern.

The first phase started in June and then ended on July 18. It is now in the second phase, which normally retraces between 50% and 61.8% of the first bullish wave.

The second phase is then followed by the third one, which is normally the most bullish and the longest.

XRP has also formed other highly bullish chart patterns. For example, the lower side of the second Elliott Wave coincided with the formation of a double-bottom pattern at $2.70. The neckline of this pattern is at $3.20.

Additionally, the coin has formed a descending channel, which is part of the bullish flag pattern, one of the most popular continuation chart patterns in technical analysis.

The falling channel is part of the formation of the handle section of the cup-and-handle pattern.

Therefore, the combination of the Elliott Wave, double-bottom, bullish flag, and cup-and-handle points to an eventual rebound, potentially to the year-to-date high of $3.65, followed by the psychological level at $5.00

XRP price chart | Source: crypto.news

ETF growth to boost the Ripple token 

XRP price has some notable catalysts that will help drive it higher in the coming weeks.

The most notable one is the rising odds that the Securities and Exchange Commission will approve the spot XRP ETFs as early as in October when the deadline for most of them comes. 

XRP ETFs will likely have strong demand, as the recently launched XRPR fund has demonstrated, with its assets jumping to nearly $100 million in just a week.

The other futures-based XRP ETFs, like those launched by Teucrium and ProShares, have had substantial inflows in the past few months.

XRP Ledger has become a top-ten chain in the real-world asset (RWA) tokenization industry with over $350 million in assets. The developers hope to continue growing this market share by launching a new upgrade later this year.

Ripple Labs also hopes to become a major player in the payments industry, where it is partnering with banks and other companies to help simplify cross-border payments. Its stablecoin, RLUSD, which has accumulated $741 million in assets, will play a major role in this.



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Crypto ETF
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Crypto ETF Boom Expected In Q4, Expert Predicts Surge In Issuer Activity

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

The remainder of the year is poised to be a pivotal time for crypto ETFs and their issuers, as experts anticipate a significant boom in these investment vehicles. With the US Securities and Exchange Commission (SEC) now adopting a more favorable stance toward crypto assets, the stage is set for a surge in ETF applications. 

Industry insiders are optimistic about the potential for new products that aim to provide exposure to alternative cryptocurrencies like XRP, Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and Hedera (HBAR).

SEC Streamlines Crypto ETF Approval Process

The SEC’s newly updated standards for crypto ETFs, announced just last week, promise to stimulate demand for exchange-traded products linked to these cryptocurrencies. 

Analysts are particularly eager about the anticipated approval of products associated with Solana and XRP, with expectations that these ETFs could make their debut as early as October. 

Steven McClurg, founder of Canary Capital Group, noted a surge in filings with the SEC, stating, “We’ve got about a dozen filings with the SEC now, and more coming. We’re all getting ready for a wave of launches.”

Jonathan Groth, partner at DGIM Law, also pointed that the fourth quarter of the year is shaping up as “boom time” for the crypto ETF market, further adding to the anticipation for the altcoins to join this trend. 

The SEC’s recent vote to adopt new listing standards streamlines the approval process, reducing the time required for new crypto products to launch from up to 270 days to 75 days or less. 

This change eliminates the need for individual regulatory reviews for each application, allowing firms to bring products to market more swiftly. As Teddy Fusaro, president of Bitwise, explained, “These are the rules we had been anticipating.”

Market Readiness In Question

Grayscale has already taken advantage of this, rolling out its Grayscale CoinDesk Crypto 5 ETF less than 48 hours after receiving approval from the SEC to transition from a private to a publicly traded fund. This ETF includes major cryptocurrencies such as Bitcoin and Ethereum, alongside XRP, Solana, and Cardano.

To qualify for the expedited approval process, an ETF must meet at least one of three criteria: the underlying asset must already be traded on a regulated market or have futures contracts regulated by the US Commodity Futures Trading Commission (CFTC) that have been active for at least six months. 

Alternatively, an existing crypto ETF tied to that coin, with at least 40% of its assets invested directly in the cryptocurrency, could also pave the way for approval.

Despite the excitement surrounding these new developments, questions remain about the market’s appetite for a flood of crypto ETFs centered on lesser-known coins. 

Kyle DaCruz, director of digital assets product at asset manager VanEck, highlighted the need for investor education, noting, “There will be a flood of tokens that many folks have never heard of, and instead of years, there will be weeks or months to provide that education.”

The 1-hour chart shows BTC’s price retrace below the key $112,000 support. Source: BTCUSDT on TradingView.com

Featured image from DALL-E, 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.



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FOMO Fuels BNB Surge, But Analyst Warns Of Short-Term Fragility
Crypto Trends

FOMO Fuels BNB Surge, But Analyst Warns Of Short-Term Fragility

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BNB has entered a historic phase after surging above the $1,000 mark, positioning itself as one of the few altcoins from the previous cycle to chart fresh all-time highs. This milestone underscores its resilience and strength, particularly in a market where most altcoins continue to struggle with volatility and downside pressure.

Despite a recent pullback, sentiment remains notably bullish. Analysts point to the token’s decisive momentum, with its breakout above previous resistance levels setting it apart as one of the strongest performers in the current cycle. Top analyst Darkfost highlights that since August, BNB has shown remarkable price action by breaking through its former all-time high of $793 with conviction.

Since then, the token has climbed steadily, recently hitting a new record price of $1,083—an impressive 50% gain year-to-date. This performance reflects not only investor confidence in BNB but also the ecosystem’s continued growth and its evolving role within the broader crypto landscape.

BNB Outperformance And Risks Ahead

In a recent CryptoQuant report,  Darkfost highlighted how BNB’s price action stands in sharp contrast with the broader altcoin market. While most altcoins have struggled to regain momentum since the beginning of the year, BNB has emerged as a clear leader, consistently breaking higher and securing new all-time highs. The crossing of the $1,000 milestone marked not just a psychological victory but also a structural turning point for the token’s market dynamics.

BNB Spot Volume Bubble Map | Source: CryptoQuant

Darkfost further explained that this turning point was amplified by the growing connection between Binance and ASTER, the new perpetual DEX backed by CZ. With Binance’s influence and ASTER’s rapid growth, investors are increasingly seeing BNB as not only a token tied to an exchange but also a gateway to a broader ecosystem of innovation and liquidity.

That said, cautionary signals are also surfacing. Spot trading volumes have spiked significantly, suggesting that a portion of BNB’s rally has been driven by FOMO. While such surges often accompany strong bullish trends, they can also introduce fragility into the market. When trading activity overheats, prices become more vulnerable to sharp pullbacks as momentum cools.

BNB currently combines the strength of growing adoption and an expanding ecosystem, with the risks of an overheated short-term setup. This duality makes it both one of the standout winners of the current cycle and a token entering a phase where strategic caution is essential. The coming weeks will test whether BNB can consolidate its gains or if the weight of exuberance sparks a correction.

Price Action Details: Holding Key Level

BNB is currently trading near $995, consolidating just below the $1,000 psychological level after setting a new all-time high at $1,083 last week. The chart shows that after a strong breakout in mid-September, BNB entered a phase of heightened volatility, with sharp moves on both sides as traders react to overbought conditions.

BNB consolidates around key level | Source: BNBUSDT chart on TradingView

The 50 EMA on the 4-hour chart remains well above the 100 and 200 EMAs, showing that the overall uptrend remains intact. However, the recent pullback from $1,083 to under $1,000 indicates that momentum has cooled, and short-term caution is warranted. If bulls can reclaim and hold above $1,000, another push toward $1,050 and potentially a retest of the highs could follow.

On the downside, immediate support lies around $960, where the 50 EMA is converging. A deeper correction could bring the price toward $920, but as long as the structure remains above $900, the broader bullish trend remains valid.

Featured image from Dall-E, chart from TradingView

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.



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ASTER
Crypto Trends

Is ASTER The Next Big Thing? Exploring The Crypto’s 2,000% Surge And Binance Ties

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Aster (ASTER), a newly launched multi-chain decentralized exchange (DEX), is making headlines in the cryptocurrency market, having achieved a major 2,182% increase since its debut, and boasting a market capitalization of approximately $3.7 billion, according to CoinGecko data.

Inside Aster’s Ecosystem

What has significantly contributed to ASTER’s rise is the platform’s approach to bridging decentralized finance (DeFi) with traditional trading practices. The platform offers a non-custodial trading experience, allowing users to engage in both perpetual and spot trading while earning yield on their collateral. 

This dual capability positions it as a unique decentralized exchange (DEX), particularly given its offering of 24/7 stock perpetuals that include major equities, while operating across several networks, including the BNB Chain, Ethereum (ETH), Solana (SOL), and Arbitrum (ARB). 

The ASTER token, which governs the platform, incentivizes participation, and distributes trading fees, include mechanisms like Rh Points, which are earned through trading volume and determine airdrop allocations, and Au Points, generated by holding yield-bearing assets. 

Binance Co-Founders Behind It

Aster’s development is closely linked to YZi Labs, the rebranded venture arm of Binance Labs. The backing of Binance co-founders Changpeng Zhao (CZ) and Yi He, has significantly propelled the token’s adoption.

A pivotal moment in the cryptocurrency’s trajectory occurred when CZ publicly endorsed the project on social media, commending its progress and encouraging continued development. 

The community’s enthusiasm was further amplified by the significant investment from popular YouTuber MrBeast (Jimmy Donaldson), who reportedly purchased $114,000 worth of the cryptocurrency, driving the price to new heights. 

The token’s credibility received an additional boost when Bybit became the first centralized exchange to list it, signaling institutional confidence and enhancing liquidity for traders.

Looking ahead, the new platform has ambitious plans to launch “Aster Chain,” a Layer 1 blockchain tailored for high-performance, privacy-focused derivatives trading. This upcoming development will incorporate zero-knowledge proof technology, ensuring anonymized trades.

The 1-hour chart shows the token’s continuous surge. Source: ASTERUSDT on TradingView.com

At the time of writing, ASTER is trading at $2.27, which is just 5% below its record high of $2.41 reached earlier on Wednesday. 

Featured image from DALL-E, 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.



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Could this altcoin surge toward an ATH next on BitMart? - 1
NFT Gaming

Could this altcoin surge toward an ATH next on BitMart?

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

BitMart lists RCO Finance, sparking buzz as a leading investment opportunity of 2025.

Summary

  • RCO Finance to list on BitMart soon, traders eye $0.16 entry before global trading opens.
  • RCOF has climbed 1,100% to $0.16 with $36m raised, VC backing, strong users.
  • BitMart listing could trigger rapid liquidity and growth, putting RCOF in the spotlight.

BitMart has just confirmed the listing of RCO Finance, and traders are already calling it one of the biggest opportunities of 2025. With the token still trading at a low entry point, many believe this could be the spark that sends prices soaring. 

This listing is shaping up as a pivotal moment for investors looking to catch the next big run.

Why $0.16 is catching the eye of traders?

At just $0.13, traders are beginning to recognize the gap between where RCOF is now and where it could be once its BitMart listing goes live on September 19. 

The numbers speak for themselves. The project has already raised more than $36 million in its presale, with four major Big Tech venture capital firms on board, including backing from a ChatGPT founder. 

That type of institutional participation signals confidence, credibility, and a longer-term runway for growth. The platform also boasts over 315,000 registered users, 122,000 daily active ones, and over $152 million in trading volume.

In fact, the token has already seen steady appreciation. Starting at $0.01275, it has climbed to $0.16 during presale. That’s more than a 1,100% increase before the BitMart debut. So $0.16 feels like a last-chance entry before the project transitions into open market trading, where demand could accelerate sharply. 

What could a BitMart listing mean for growth?

A confirmed BitMart listing marks the transition from presale to a liquid, global marketplace. This is the moment where the early community and raised capital meet broader liquidity, and historically, that’s when projects experience their sharpest moves.

BitMart also has a track record of putting early-stage web3 tokens in front of millions of retail traders, and its listings often trigger liquidity surges within days. Accessibility is a big part of that story. Anyone with a BitMart account will be able to trade RCOF.

With BitMart’s credibility and history of accelerating growth for innovative projects, RCOF has a real chance of replicating that cycle. And if early-stage adoption is anything to go by, the foundation is already there.

The fundamentals powering this altcoin’s rise

What sets RCO Finance apart from other tokens lining up for exchange listings is its technology. At its core is the AI-powered Robo Advisor, a trading tool that pulls real-time data from platforms like Bloomberg and Reuters to give users entry and exit points tailored to their unique profiles. 

Unlike typical financial advisors, the AI learns and adapts to each user’s goals, risk tolerance, and financial horizon. That means your investment plan doesn’t look like anyone else’s; it looks like yours.

The Robo Advisor also removes the emotional bias that often derails traders, making decisions purely on data. It works in real time, flagging downturns before they spiral and adjusting portfolios automatically. 

And the innovation doesn’t stop there. Investors can diversify across more than 120,000 options, from stocks, ETFs, and bonds to tokenized assets like real estate, all without KYC. Wallet management and debit card features make it easy to spend crypto holdings directly, cutting out frustrating conversions. 

The RCOF token itself unlocks benefits for holders within the ecosystem, from reduced fees to enhanced portfolio tools.

Overall, RCO Finance is positioning itself as the only crypto-native AI tool in the sector, solving the real problem of human error and making professional-grade investing accessible to anyone. 

The path from $0.13 toward the $1 mark

With a projected listing price between $0.65 and $0.85, the upside from today’s $0.16 entry is obvious. A $1,000 investment at this stage could be worth more than $5,000 by the time the listing goes live, and if the token follows the adoption curve many expect, that figure could climb far higher.

The momentum is already baked in. Each presale stage has seen gains, and the project’s growth trajectory mirrors early patterns from other Web3 launches that went on to deliver 10x to 20x returns. 

For context, RCOF’s presale has already grown more than 1,100%, and the next wave of adoption could easily carry it to new highs, up to $1. And backing all of this is the reassurance of security. A full audit by SolidProof revealed no vulnerabilities, confirming that the platform is safe. 

At $0.16, RCO Finance is still low-priced. However, with BitMart opening the door to a worldwide retail audience, the path to $1 is very possible. For investors waiting, this might be the final call before prices begin their climb.

For more information about RCO Finance, visit the website or online community.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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BTC Longs on Bitfinex Rise 20%, Prices Drop Below 100-Day Average
NFT Gaming

OG, ASTR Surge as Bitcoin Defends $112K

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The crypto market regained poise in the past 24 hours, with market leader bitcoin BTC$112,981.65 defending support at $112,000. The leading cryptocurrency, however, continued to trade below it’s 50-day simple moving average, hinting at near-term price weakness.

The broader market followed bitcoin’s lead, as the CoinDesk 20 Index rose over 1%. Decentralized AI operating system Og AI’s (Zero Gravity) OG token rose over 50% and Avalanche’s AVAX rose 10%.

Other notable winners were MNT, ASTR, CRO, NEAR and XLM.

Token Talk

By Oliver Knight

  • The 0G (Zero Gravity) issued its native token alongside the rollout of the Aristotle mainnet on Sep. 18, marking its transition from testnet to a live, fully operational AI-focused layer-1 blockchain.
  • 0G made community rewards a prominent part of its launch strategy: early contributors, active participants in community campaigns, Discord users, holders of certain NFTs (e.g. the One Gravity collection), and other grassroots actors were eligible for airdrops.
  • The project’s modular architecture, combining data availability, storage, compute, and a dedicated chain for AI inference, coupled with integrations & partnerships has bolstered hype and contributed to 0G’s 54% rise of the past 24 hours.
  • It currently has a market cap of $1.23 billion with daily trading volume hitting $3.3 billion, according to CoinMarketCap.
  • The tokenomics are structured to balance short- and long-term incentives. With a total supply of 1 billion tokens, with 21.3% is unlocked immediately.
  • 0G Labs raised over $350 million before or during launch, including a seed round ($40 million) and a large token purchase commitment ($250 million), with additional capital from node sales.
  • Key investors include Hack VC, OKX Ventures, Delphi Ventures, Samsung Next, and Animoca Brands.
  • Right after its launch, 0G achieved rapid listings on major exchanges, including Kraken and Binance, helping generate liquidity, visibility, and trading volume early in its lifecycle.

Derivatives Positioning

by Omkar Godbole

  • Global notional futures open interest has dropped to $102 billion from last week’s high of $110 billion, as Monday’s massive liquidations cleared over leveraged bets.
  • AVAX, MNT, NEAR and XMR have bucked the broader market trend with notable gains in open interest. AVAX’s 25% surge in open interest confirms the bullish momentum behind the cryptocurrency’s price rally.
  • Open interest in ASTR, the native token of Hyperliquid competitor Aster, has surged to $12.63 million—the highest level since January. In recent months, Hyperliquid has ceded market share in on-chain perpetuals to rising challengers Aster and Lighter.
  • XRP, BNB, ADA, LINK and Binance-listed 1000SHIB perpetual futures continue to see negative funding rates, indicating a dominance of bearish short positions. It suggests scope for a “short squeeze” higher in case the market shows renewed resilience.
  • The growth in the CME-listed BTC futures OI has stalled while options OI increased to 52.84K BTC, the highest since April. In ether’s case, both futures and options OI hovers near record highs.
  • On Deribit, BTC and ETH put skews in short-dated and near-dated options have eased as traders chased bullish BTC call options. On the OTC desk Paradigm, block flows featured BTC calendar spreads and writing of Solana put options.

Token Talk

By Oliver Knight

  • The 0G (Zero Gravity) issued its native token alongside the rollout of the Aristotle mainnet on Sep. 18, marking its transition from testnet to a live, fully operational AI-focused layer-1 blockchain.
  • 0G made community rewards a prominent part of its launch strategy: early contributors, active participants in community campaigns, Discord users, holders of certain NFTs (e.g. the One Gravity collection), and other grassroots actors were eligible for airdrops.
  • The project’s modular architecture, combining data availability, storage, compute, and a dedicated chain for AI inference, coupled with integrations & partnerships has bolstered hype and contributed to 0G’s 54% rise of the past 24 hours.
  • It currently has a market cap of $1.23 billion with daily trading volume hitting $3.3 billion, according to CoinMarketCap.
  • The tokenomics are structured to balance short- and long-term incentives. With a total supply of 1 billion tokens, with 21.3% is unlocked immediately.
  • 0G Labs raised over $350 million before or during launch, including a seed round ($40 million) and a large token purchase commitment ($250 million), with additional capital from node sales.
  • Key investors include Hack VC, OKX Ventures, Delphi Ventures, Samsung Next, and Animoca Brands.
  • Right after its launch, 0G achieved rapid listings on major exchanges, including Kraken and Binance, helping generate liquidity, visibility, and trading volume early in its lifecycle.

Derivatives Positioning

by Omkar Godbole

  • Global notional futures open interest has dropped to $102 billion from last week’s high of $110 billion, as Monday’s massive liquidations cleared over leveraged bets.
  • AVAX, MNT, NEAR and XMR have bucked the broader market trend with notable gains in open interest. AVAX’s 25% surge in open interest confirms the bullish momentum behind the cryptocurrency’s price rally.
  • Open interest in ASTR, the native token of Hyperliquid competitor Aster, has surged to $12.63 million—the highest level since January. In recent months, Hyperliquid has ceded market share in on-chain perpetuals to rising challengers Aster and Lighter.
  • XRP, BNB, ADA, LINK and Binance-listed 1000SHIB perpetual futures continue to see negative funding rates, indicating a dominance of bearish short positions. It suggests scope for a “short squeeze” higher in case the market shows renewed resilience.
  • The growth in the CME-listed BTC futures OI has stalled while options OI increased to 52.84K BTC, the highest since April. In ether’s case, both futures and options OI hovers near record highs.
  • On Deribit, BTC and ETH put skews in short-dated and near-dated options have eased as traders chased bullish BTC call options. On the OTC desk Paradigm, block flows featured BTC calendar spreads and writing of Solana put options.



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10x XRP Skyrocket: Enormous Surge in Key Metric
Crypto Trends

10x XRP Skyrocket: Enormous Surge in Key Metric

by admin


  • XRP tumbles down
  • XRP’s growing utility

A recent unheard-of spike in one of XRP’s key metrics indicates that the network is experiencing renewed activity, which could have significant ramifications. The volume of XRP payments, or transactions between accounts, increased by almost 500% in recent days, momentarily surpassing the one billion daily transaction threshold, according to data.

XRP tumbles down

Simultaneously, the volume of payments increased as well, reaching 1,045,261 on Sept. 22, 2025 — a number not seen since some of the busiest network times for XRP. The spike in this metric corresponds to price volatility. Following a significant decline earlier this week, XRP is now trading just below $3.

XRP/USDT Chart by TradingView

Since the middle of August, price action has been contained within a descending channel, maintaining bearish pressure. Notwithstanding this, the growth in underlying transactions indicates that the token’s usefulness is growing, and growing adoption may be mitigating further declines.

Since XRP’s network is designed for high-throughput cross-border transfers, the rise in payments is noteworthy. An increase in transaction volume and quantity could be a sign of settlement testing, institutional flows or wider use of Ripple’s technology.

XRP’s growing utility

When compared to tokens that are solely driven by sentiment, XRP has a fundamentally stronger basis because these metrics reflect actual network usage, unlike speculative trading. However, the price is still under short-term pressure.

The bears are still in control, according to the rejection above $3.20 and the repeated tests of lower support levels. However, if this growth driven by payments persists, the technical structure may be deceptive. Price recoveries are frequently preceded by increased on-chain activity, particularly when paired with the potential for the crypto market’s macro headwinds to lessen.

At the moment, XRP is at a turning point. The 10x increase in payments volume is an unmistakable indication of growing utility, even though price consolidation may continue in the $2.80-$3.00 range. If momentum continues, it might create the conditions for XRP to exit its downward channel and try to move again toward $3.50 and higher.



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HBAR price Elliot Wave points to a surge despite Hedera woes
GameFi Guides

HBAR price Elliot Wave points to a surge despite Hedera woes

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HBAR price could be on the verge of a strong bullish breakout after forming a flag pattern despite the ongoing Hedera Hashgraph stablecoin woes.

Summary

  • Hedera price is in the second phase of the Elliot Wave. 
  • It has also formed a bullish flag chart pattern.
  • The stablecoin supply on HBAR has continued being highly volatile.

Hedera (HBAR) token was trading at $0.24 at last check on Sunday, Sep. 21, down by 22% from its highest point this year. Its price is about 88% above its lowest level this year.

Hedera Hashgraph’s primary catalyst is the upcoming deadline for the spot HBAR ETF, which will be on Nov. 8. There is a chance that the agency will approve the fund, as Hedera is a highly liquid Made in the USA coin. It has a market capitalization of over $10 billion and a daily volume of over $500 million. 

The odds of an HBAR ETF approval will likely rise after the SEC delivers its verdict on several funds like Solana and XRP in October. If approved, the ETF will likely launch within weeks since it is on the Depository Trust & Clearing Corporation (DTCC) list. 

Still, Hedera’s network has a significant risk in that the stablecoin supply has been erratic in the past few months. DeFi Llama data shows that the supply stands at $69 million, down from $149 million last Friday.

The HBAR supply also plunged from $208 million on July 31 to $54 million on Aug. 3. Before that, it moved from $212 million on May 26 to $76 million on Aug. 30. It is unclear why this is happening. Still, it could be that one or more entities are influencing the action.

HBAR price technical analysis 

Hedera price chart | Source: crypto.news

The daily timeframe chart shows that the HBAR price formed a double-bottom pattern at $0.1260 and a neckline at $0.2288, its highest point on May 12. 

Hedera price has retested that support, confirming a break-and-retest pattern, which is a sign of continuation. HBAR has also formed a bullish flag pattern. 

Most notably, there are signs that it is now in the second phase of the Elliot Wave. This phase is usually a corrective one, with the main characteristic being that it must not retrace 100% of the first one. Its lowest level coincided with the 61.8% retracement level. 

Therefore, the most likely HBAR price forecast is highly bullish, with the next target being at $0.3041, the highest point in July, which is about 28% from the current level.



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DeFi Dev Corp lifts Solana treasury to $317m with new purchase
NFT Gaming

Solana price surge to an all-time high faces key obstacle

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Solana price has been in a strong bull run since April, when it bottomed at $95, with bulls targeting its all-time high ahead of the upcoming SOL ETF approval deadline. 

Summary

  • Solana’s blistering 150% rebound in 2025 has bulls eyeing further gains, but the rally is running headfirst into a critical technical test. A rising wedge formation on the daily chart, paired with weakening momentum signals, points to the risk of a sharp reversal.
  • Yet strong fundamentals are pulling in the opposite direction: growing confidence that regulators will approve spot Solana ETFs and anticipation for the Alpenglow upgrade, which promises to overhaul the network’s speed and staking model.
  • With heavyweight treasury buyers continuing to accumulate, SOL sits at a crossroads where technical headwinds clash with powerful catalysts for the next leg higher.

Solana price rising wedge is a major risk

Solana (SOL) token was trading at $239 at last check on Sunday, Sep. 21, up by over 150% from the year-to-date low. The token has bullish catalysts, but faces a major technical obstacle. 

The main reason why the SOL price is rising is that it has slowly formed a rising wedge pattern on the daily chart. This pattern is characterized by two ascending and converging trendlines. The upper side of this pattern has connected the highest levels since May. 

The two trendlines are about to converge, which may trigger a significant reversal in the near term. At the same time, the Relative Strength Index has formed a symmetrical triangle. Like the wedge, the two lines of this triangle are nearing their convergence.

Additionally, the two lines of the MACD indicator have crossed each other and are pointing downwards. Therefore, the token is at risk of a strong reversal if it remains inside the wedge pattern. A bearish breakdown will point to more downside, potentially to the support at $200. 

Solana price chart | Source: crypto.news

SOL fundamentals need to overcome the bearish technicals

On the positive side, Solana’s price has some notable fundamental catalysts that may help to push it higher. One of the catalysts is that the odds that the SEC will approve spot SOL ETFs have jumped to over 90%.

Several companies, including Bitwise, Canary, and 21Shares, have filed for a spot SOL ETF. As such, with the final deadline approaching, there is a likelihood that the SOL price will soar as investors anticipate more demand from American investors. 

The other key fundamental is that Solana will launch the Alpenglow upgrade in the next few months. 

While Solana has implemented some upgrades in the past, this one will be the most important. For one, it will transform it from a proof-of-authority into a proof-of-stake asset. It will also supercharge its speed, making it one of the fastest chains in crypto.

Solana is seeing strong demand from Solana treasury companies, which have continued to accumulate it. Forward Industries owns coins worth over $1.58 billion, while DeFi Development and Upexi own tokens worth over $480 million. This steady demand may continue as more companies launch their treasuries.



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(EY-Parthenon)
Crypto Trends

Adoption Set to Surge, Hit $4T in Cross-Border Volume, EY Survey Shows

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Stablecoin adoption is gaining momentum among corporates and financial institutions driven by regulatory clarity and cost-savings in global money transfers, according to a survey by EY-Parthenon.

Conducted with 350 executives in June after the Senate passed the GENIUS Act, the survey found that 13% of firms already use stablecoins, mainly for cross-border payments. Among those who didn’t use stablecoins, 54% expected to adopt them within the next six to 12 months.

Regulatory clarity provided by the GENIUS Act was widely viewed as a turning point. The legislation, which was signed into law in July, provided long-awaited rules for U.S. dollar-denominated stablecoins, including reserve requirements and issuer approval processes.

Executives said in the survey the law reduces uncertainty around liquidity, tax treatment and custodial services.

(EY-Parthenon)

Cost savings are also a key driver for adoption, with 41% of current users reporting at least a 10% reduction in expenses from using stablecoins in international transactions.

Respondents also saw stablecoins as a long-term fixture in global finance. By 2030, they estimate stablecoins could facilitate between 5% and 10% of all cross-border payments, representing $2.1 trillion to $4.2 trillion in value.

Still, infrastructure hurdles remain. Only 8% of businesses accepted payments in stablecoins, and many firms planned to lean on banking and fintech partners for integration.

Read more: U.S. Stablecoin Battle Could Be Zero-Sum Game: JPMorgan



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