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Aptos price targets 56% upside on bullish reversal pattern
NFT Gaming

Aptos price targets 56% upside on bullish reversal pattern

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Aptos price has confirmed a bullish reversal pattern amid new ecosystem partnerships.

Summary

  • Aptos price is up 30% over the past 7 days.
  • World Liberty Financial has launched its stablecoin USD1 on Aptos.
  • The total value locked and stablecoin supply on Aptos has increased noticeably.

According to data from crypto.news, Aptos (APT) was trading at $5.12 on Oct. 3 afternoon Asian time, up 5% over the past 24 hours and 30% over the last 7 days. 

The token’s daily trading volume peaked at nearly $1.2 billion today, almost double the level seen at the start of the period, showing robust demand from traders. 

Investor interest has also been notable in the derivatives market. According to DeFiLlama, open interest in APT futures climbed from $323 million to more than $436 million at the time of writing, while the weighted funding rate turned positive, both signs that a larger number of traders are starting to open long positions as they remain bullish on the token’s future outlook.

A slew of catalysts have been supporting the tokens’ gains in recent days.

First, Aptos has recently announced a partnership with World Liberty Financial (WLFI) that will bring the USD1 stablecoin to the Aptos blockchain. The launch is scheduled for Oct. 6.

With USD1 currently the sixth-largest stablecoin by market cap at around $2.7 billion, its launch is expected to significantly enhance Aptos’ position in the DeFi space by attracting more trading, lending, and liquidity provision activity to its ecosystem.

Second, Backpack, a multichain wallet and app platform, has introduced native support for Aptos. The development could help boost Aptos adoption as it lowers entry barriers for new users.

At the same time, DeFiLlama data shows that rapid growth in Aptos-based DeFi protocols has pushed the total value locked on the Aptos blockchain from $28 billion in April to over $75 billion at press time. The stablecoin supply on the network has also climbed 5% in the past seven days, reaching $1.09 billion.

On Aptos, the rise in TVL alongside the expanding stablecoin base is a sign that users are not just parking assets temporarily but are actively engaging with the network’s lending protocols, liquidity pools, and decentralized exchanges.

Finally, the broader market rally, coinciding with October’s historical trend as a bullish month for Bitcoin and the crypto market as a whole, has also kept any sort of bearish pressure at bay.

At press time, the crypto Fear and Greed Index had moved into the greed zone, up from fear just a week ago.

On the daily chart, Aptos has broken out of a multi-month descending triangle pattern, characterized by a flat lower trendline acting as support and a descending upper trendline forming resistance. A breakout from this pattern leads to a bullish reversal, as momentum shifts in favor of bulls.

Aptos price has confirmed a bullish reversal on the daily chart — Oct. 3 | Source: crypto.news

Aptos price moved above the upper trendline today and successfully retested it as support, which further cemented the bullish outlook among traders.

The Supertrend indicator has also flashed a green signal as it moved below the price level. On top of that, the MACD line has crossed above the signal line, with both trending upward.

Based on these positive technical signals, the next target for APT lies at $8.20, derived by adding the height of the triangle formed to the price point at which the breakout occurred. This target remains 56% above the current price levels.

A drop below $5 would invalidate the setup and could trigger renewed pressure from bears, exposing the token to further downside.

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



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Bitcoin (BTC) Mining Profitability Fell in August, Jefferies Says
NFT Gaming

AI Bet Means Big Upside for IREN

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IREN (IREN), one of the largest self-operated BTC$113,866.40 miners in the U.S., is breaking away from the pack, and Wall Street is taking notice.

Bernstein analysts raised their price target on IREN to $75 from $20, implying about 80% upside, as the miner doubles down on building its own AI cloud business rather than relying on co-location deals with partners like CoreWeave (CRWV).

IREN has already had a major move, ahead more than eight-fold from its 52-week low of $5.13 hit in April. The shares are higher by 365% year-over-year.

The broker now sees IREN’s AI pivot as credible, despite early skepticism about the miner’s ability to execute on a capital-intensive data center build-out and compete with AI cloud players tied to hyperscalers and Nvidia (NVDA).

IREN is guiding for rapid growth, the report noted, with $500 million in annual recurring revenue by Q1 2026 on 23,300 GPUs, up from roughly $14 million in Q1 2025.

Beyond AI, IREN retains flexibility with its 3 gigawatt (GW) power portfolio, balancing bitcoin mining and AI workloads to maximize revenue per megawatt, Bernstein analysts led by Gautam Chhugani wrote.

Its 50 EH/s mining operation generates an estimated $600 million in annualized EBITDA at current bitcoin prices, funding its AI expansion, according to the analysts.

Bernstein has shifted its valuation approach to a sum-of-parts model, assigning 87% of enterprise value to AI cloud and co-location potential at IREN’s 2GW West Texas site, with the remaining 13% coming from bitcoin mining.

At the revised target, IREN would trade at $7.5 million per megawatt (MW), above other AI-focused miners but still far below established data center peers like CoreWeave, suggesting further room for multiple expansion, the report added.

Read more: IREN Shares Jump 11% in Pre-Market Trading as Bitcoin Miner Doubles AI Cloud Fleet



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Etherex price gains 40% amid Linea rewards program launch
GameFi Guides

AVAX price risks pullback but whale demand drives upside

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AVAX trades near $34 after a sharp rally, with whales and institutions driving momentum despite overbought signals.

Summary

  • AVAX price is up despite crypto market downturn, with a 200% surge in trading volumes.
  • AgriFORCE pivots to AVAX One, targeting $700M in token holdings.
  • Whales open leveraged longs, but RSI at 70 signals overbought risks.

Avalanche traded at $34.42 at press time, up 8% in the past 24 hours. The token has gained 17% over the last seven days and 32% in the past month, moving within a $29.40–$35.55 range over the week.

Spot trading volume jumped to $2.62 billion in the last 24 hours, a 198.8% rise from the previous day. Derivatives activity also surged, according to CoinGlass data, with open interest rising 18% to $1.77 billion and volumes rising 140% to $5 billion.

This mix of rising spot demand and leveraged exposure points to aggressive positioning, a setup that often fuels sharp moves in either direction.

Institutional and whale flows

Institutional appetite for Avalanche (AVAX) is building momentum. On Sep. 22, AgriFORCE Growing Systems Ltd. announced plans to rebrand as AVAX One, pivoting away from agricultural technology to become the first publicly traded Avalanche-focused entity on Nasdaq. 

The company intends to raise about $550 million through a mix of PIPE financing and equity-linked instruments, with the long-term goal of acquiring more than $700 million worth of AVAX tokens. Over 50 institutional investors, including Galaxy Digital and Kraken, are reportedly exploring allocations.

At the same time, whales are taking on leveraged bets. Blockchain analytics firm Lookonchain flagged two significant long positions on Sept. 23. One wallet opened a 5x leveraged long worth 514,906 AVAX ($17.2 million), already showing close to $1 million in unrealized profit.

Another account, tied to Ogle, an advisor to World Liberty Financial, opened a 10x long on 66,479 AVAX ($2.2 million). These moves suggest that well-capitalized players remain confident in Avalanche’s trajectory, despite the recent rally.

AVAX price technical analysis

From a technical standpoint, AVAX is pressing against the upper band of its Bollinger channel near $36.80, a level that now acts as resistance. With a relative strength index of 70.7, the token is on the verge of overbought territory. The stochastic oscillator is also high, suggesting short-term exhaustion.

AVAX daily chart. Credit: crypto.news

Even so, trend strength remains intact. All major moving averages, from the 10-day EMA to the 200-day SMA, are flashing buy signals, confirming a broad-based bullish structure. The MACD is still in positive territory, which indicates that the bulls are still in control.

A break above $36.80 might clear the way toward $38 and possibly $40, while immediate support is located at $32.40 and $29.50.



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Fed Cuts Interest Rate in 'Risk Management' Move as Bitcoin Eyes Possible Upside
NFT Gaming

Fed Cuts Interest Rate in ‘Risk Management’ Move as Bitcoin Eyes Possible Upside

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The Federal Reserve has returned to easing mode after ten months of taking a wait and see approach on the U.S. economy.

In a widely expected move on Wednesday, the U.S. central bank cut its benchmark fed funds interest rate range by 25 basis points to 4%-4.25%, the lowest since December 2022, in what Fed chair Jerome Powell called a “risk management cut.”

The Fed acknowledged that economic growth in the first half of the year “moderated” and the job market has “slowed.” This slowdown, Powell said during a press conference, is mostly due to changes in immigration. Nevertheless, there was no widespread support for a larger cut, he said, and that the Fed was right to wait to lower rates and will not be rushed to cut more aggressively.

The decision follows growing signs that the U.S. labor market has begun to decisively weaken, the latest being the August employment report which showed the addition of just 22,000 jobs to the economy and the unemployment rate rising to 4.3%, the highest since 2021.

“The Fed is under pressure to lean more dovish, and any successor to Powell is likely to favor faster and deeper rate reductions,” Chris Rhine, Head of Liquid Active Strategies at Galaxy, said. “While risk assets had largely priced in this cut, the updated dot plot aligns with recent sell-side forecasts, pointing to another 50bps of cuts ahead.”

Alongside that data, revisions to previous months’ reports showed far less jobs had been created than previously thought.

Added to that was political pressure in the form of President Trump’s repeated criticisms of the Fed’s hesitancy to act in the face of what he insists has been softening inflation. Powell said during Wednesday’s press conference that the Fed is “strongly committed to maintaining [its] independence.”

Bitcoin ‘new highs’ possible

In the minutes following the rate cut, the price of bitcoin BTC$116,862.68 rose about 1% before giving up gains. It is currently down about 1.5% since the decision, trading at $115,092.

Major U.S. stock indexes — which have been repeatedly carving out record highs for weeks ahead of the Fed move — also briefly rose on the news but later fell sharply. Gold followed a similar move.

“The dots leaned more dovish, signaling the Fed is open to accelerating the pace of easing if conditions demand it,” said Matt Mena, Crypto Research Strategist at 21Shares. “That repricing risk is now front and center – creating an asymmetric setup for Bitcoin. While today’s 25bps cut provided the spark, it is the path implied by the dots – more than the cut itself – that may set the stage for Bitcoin to challenge new highs into year-end.”

Looking ahead

A glance at the Fed’s dot plot shows that the Commission is torn about how the rest of the year will unfold. A slight majority of participants of the Federal Open Market Committee (FOMC) believe there could be two more rate cuts this year.

Seven out of the 19 participants see rates kept steady throughout the year.

UPDATE (September 17, 18:18 UTC): Adds dot plot projections and markets update alongside commentary.

UPDATE (September 17, 18:39 UTC): Adds quote on markets.

UPDATE (September 17, 18:45 UTC): Adds quotes from Federal Reserve chair Jerome Powell.



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Aethir price eyes 50% upside after breaking out of double bottom pattern
Crypto Trends

Aethir price eyes 50% upside after breaking out of double bottom pattern

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Aethir’s price rallied 85% over the past week, driven by several bullish ecosystem developments, including expectations that the project will conclude Q3 with record-breaking earnings.

Summary

  • Aethir price has rallied 86% over the last 7 days, supported by ecosystem developments.
  • The project is closing in on its most successful quarter to date in terms of network revenue.
  • A double bottom breakout on the daily chart points to 52% upside for the token over the coming weeks.

According to data from crypto.news, Aethir (ATH) token was trading at $0.058 on Sep. 15, afternoon Asian time, up almost 86% over the past 7 days and 132% above its year-to-date low recorded in July. The token has broken out of a double-bottom pattern, a highly bullish reversal pattern, that points to an eventual rally to as high as $0.088 in the coming weeks.

The daily chart shows that Aethir’s price has recently broken out of a double-bottom pattern that had been forming since the beginning of this year. In such a pattern, an asset’s price forms two successive troughs (which form the bottoms) at a similar price level, separated by a rebound that establishes the neckline. In ATH’s case, the neckline lies at $0.056, while the two bottoms were positioned around $0.025. 

Aethir’s price has broken out of a double-bottom pattern on the daily chart, accompanied by the potential formation of a golden cross — Sep. 15 | Source: crypto.news

As of press time, the token’s price was close to retesting the neckline again. A rebound from this level would provide stronger confirmation of a bullish reversal and could lead to further gains.

More importantly, the shorter-term (50-day SMA) and longer-term moving averages (200-day SMA) are close to confirming a bullish crossover. Traders refer to this as a golden cross, a pattern that is typically followed by strong gains in the short term.

When taken together, the breakout from the double-bottom, the potential rebound from the neckline, and the looming golden cross create a strong confluence of bullish technical signals, a setup that indicates more upside momentum for Aethir’s price over the coming weeks.

The distance between the neckline at $0.056 and the bottoms at $0.025 is about 55%. Measuring the same distance upward from the neckline gives a breakout target of $0.088. This target stands roughly 52% above the current price level.

As such, the bullish ATH price forecast will remain as long as it is above the crucial support level at $0.44.

Catalysts that could fuel Aethir price surge

Aethir has multiple catalysts that could fuel its ongoing price surge. The team recently reported that the Aethir Network recorded back-to-back revenue highs in July and August, averaging around $13 million per month. Investors now anticipate similar strong performance this month, which could mark Q3 as the project’s strongest quarterly results to date.

Such strong performance could attract fresh investor interest in the token this week.

The Layer-2 network has also integrated the ATH-USD price feed from Pyth Network, enabling reliable, real-time pricing across DeFi applications. The development strengthens Aethir’s presence in the broader decentralized ecosystem and enhances its utility for on-chain trading and lending platforms.

Other bullish factors include Aethir’s participation in the upcoming Korea Blockchain Week, its role in launching the AI Unbundled alliance, and its partnership with IoTeX as an ecosystem collaborator. These strategic moves expand Aethir’s visibility, strengthen its positioning within both the AI and blockchain sectors, and further enhance long-term growth prospects.

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



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SushiSwap (SUSHI) price invalidates bearish setup, 45% upside in play
NFT Gaming

SushiSwap (SUSHI) price invalidates bearish setup, 45% upside in play

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SushiSwap price has broken out of a descending triangle pattern that had kept it in a downtrend since mid-July.

Summary

  • SUSHI price has been on a downtrend since July.
  • The token has invalidated a multi-month descending triangle pattern.

According to data from crypto.news, Sushi (SUSHI) was trading at $0.79 up 2% in the past 24 hours and 6.3% in the past 7 days. Its market cap stood at $153 million as of press time.

Despite its weekly gains, the token remains 62% below its July high, since when bears have brought the token down to $0.70 multiple times.

A few catalysts have emerged that could support further upside for SUSHI.

First, SushiSwap has recently gone live on HyperEVM. This enables swapping HyperEVM assets via its aggregator interface, marking a deeper integration with the Hyperliquid ecosystem. 

Such a move positions SUSHI at the center of a growing multi-chain liquidity network and expands its use case across more than 40 supported chains.

Another factor that could support its potential is the strong earnings recorded in Q3 of this year. Notably, earnings currently stand at $2.77 million, significantly higher than the approximately $200,000 reported in the previous quarter. A sharp increase in earnings indicates that DeFi protocols built on SushiSwap are being used more actively and that revenue efficiency has improved, a factor that could boost investor sentiment toward the token and, in turn, drive further interest.

On the daily chart, SUSHI price had formed a multi-month descending triangle pattern, a technical setup typically formed by a series of lower highs converging toward a horizontal support level, indicating sustained bearish pressure.

SUSHI price has broken out of a descending triangle pattern on the daily chart — Sep. 10 | Source: crypto.news

It has invalidated the pattern today, a sign that bears are losing control and marking a bullish reversal in technical analysis. This shift in trend is further supported by a golden cross that remains in play, after the 50-day simple moving average crossed above the 200-day SMA. The last time such a crossover occurred, SUSHI rallied by as much as 120%.

Based on these bullish technicals, the path of least resistance points to a target of $1.16, a level calculated by measuring the height of the descending triangle and projecting it upward from the breakout point. This target remains nearly 47% above the current price as of press time.

However, the setup would be invalidated if SUSHI loses the $0.75 psychological support, which would open the path to further losses down to $0.70, the level marked by its 200-day moving average.

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



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Crypto Trends

BTC Holds Steady as Traders Turn to Ethereum for September Upside

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Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Bitcoin is stuck in a holding pattern near $112,000, according to CoinDesk market data, but the bigger story onchain might be the divide emerging between how investors treat BTC and ETH heading into September. BTC is acting more like a macro hedge, while ETH is being positioned as the real vehicle for upside.

That split reflects a mix of policy uncertainty and shifting trader flows. In a recent note, QCP Capital wrote that doubts about the Fed’s independence are keeping term premiums elevated, a setup that weakens the dollar and supports hedges like BTC and gold.

But options desks and prediction markets show momentum gathering in ETH instead, where traders see the most potential for a breakout.

Flowdesk reported muted implied volatility in BTC despite pullbacks, suggesting positioning rather than speculative bets. Skew remains negative, meaning puts are expensive, but that creates relative value in call structures. ETH risk reversals, meanwhile, have recovered from their recent selloff, indicating renewed demand for upside exposure.

SOL options also saw increased activity, with flows skewed to the upside on growing sentiment around its ecosystem and corporate Digital Asset Treasury initiatives. Spot activity rotated into ETH beta names like AAVE and AERO, as well as SOL betas like RAY and DRIFT, showing breadth widening beyond majors.

Prediction markets back this rotation theme. Polymarket sentiment reinforces the rotation. Traders expect BTC to stay capped near $120k, while ETH is given a strong chance of breaking $5,000 — a view consistent with its 20% monthly rally and recovering risk reversals.

Traders are increasingly treating BTC as a steady macro hedge, while ETH is emerging as the market’s high-conviction upside play into September.

Europe-based market maker Flowdesk wrote in a recent Telegram update that activity on the desk remains high, with clients broadly positioned for upside even as macro risks linger and seasonal volatility tends to pick up.

The macro backdrop sets the hedge case, trading flows show how positioning is shifting, and prediction markets validate it with real-money bets. Together, they sketch a market where BTC anchors as a governance and inflation hedge, ETH leads on performance, and SOL builds momentum as breadth improves.

Market Movements

BTC: Bitcoin remains in a consolidation phase around the $110K–112K range, marked by waning short‑term volatility.

ETH: ETH is trading near $4400. Its rally is being fuelled by surging institutional interest, especially via ETF inflows, and anticipation surrounding the upcoming Fusaka network upgrade. Price action is supported by strong structural demand as ETH continues to solidify its role in DeFi and smart contracts.

Gold: Gold is trading around record highs propelled by expectations of an imminent Federal Reserve rate cut (markets now price in about a 92% chance), weakening confidence in Fed independence, and increased demand from ETFs and central banks acting as conviction buyers.

Nikkei 225: Asia-Pacific stocks climbed Thursday, led by a 0.57% gain in Japan’s Nikkei 225, as Wall Street’s tech rally lifted sentiment despite lingering economic worries.

S&P 500: U.S. stocks rose Wednesday as Alphabet gained after avoiding a breakup in an antitrust ruling and investors boosted September Fed rate-cut bets despite fresh labor market concerns.

Elsewhere in Crypto:

  • U.S. CFTC Gives Go-Ahead For Polymarket’s New Exchange, QCX (CoinDesk)
  • Pump.fun’s New Fee Model Hands Out $2M to Creators in First 24 Hours (Decrypt)
  • AI Agents Will Become Biggest Stablecoin User, Says Novogratz (Bloomberg)



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GameFi Guides

Bitcoin Derivatives Traders Are Betting on Further Upside Despite September Risks

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In brief

  • Bitcoin has gained 3% in two days to about $110,000 as derivatives traders positioned ahead of U.S. jobs data.
  • Options markets show bullish bets for late September, but hedging signals caution on downside risk.
  • Implied volatility remains low, though some traders are preparing for potential declines.

Derivatives traders are expecting a slightly more optimistic outlook for Bitcoin in September despite macroeconomic uncertainty and seasonality odds, with experts indicating muted downside volatility.

In response, Bitcoin has bounced 3% over the last two days, showing a slight bullish skew and currently trades around $110,000, CoinGecko data shows.

The uptick, however, occurs amid flat cumulative volume deltas, with a noticeable increase in passive bids at a 10% order book depth, according to CoinGlass data. 

In other words, the slight price bump is not being driven by aggressive buying. Instead, the move coincides with more passive buying.



It comes as open interest on perpetuals has spiked 2.35% to $30 billion in the last two days, as traders begin to position ahead of this week’s employment figures.

The historical drag of September’s bearish seasonality, meanwhile, is forcing U.S. investors to reassess their positions ahead, as they look toward the end of the financial year on September 30.

The Bitcoin options market, meanwhile, tells a different story.

Sean Dawson, head of research at on-chain options platform Dervie, told Decrypt that options traders are making bullish bets for the September 26 expiry, evidenced by a build-up of open interest at the $120,000, $130,000, and $140,000 strikes.

“Since market makers are net long gamma,” an increase in Bitcoin’s price will most likely be dampened by hedge selling, Dawson said. Similarly, price drops will also be minimized as dealers would be forced to buy to hedge their positions. 

Bitcoin’s implied volatility over the next 30 days is holding near 30%, underscoring the recent stretch of subdued price moves.

Still, traders aren’t entirely calm. A key options gauge—the one-week 25 delta skew, which reflects demand for downside protection—jumped from 6.75 to 12 overnight.

The shift shows that while investors expect the market to remain contained, they are hedging against the risk of a sudden drop.

The immediate-term direction now hinges on Friday’s upcoming Non-farm Payrolls report. A bullish jobs report would most likely just limit the “red September” damage, according to Dawson, rather than spark a major rally. 

He adds that while a 25 basis-point rate cut by the Federal Reserve is priced in as highly likely, “failure to see a cut at the next FOMC will make September a lot more painful.”

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