Solana is strengthening its bullish outlook, with recent price action showing firm momentum above key moving averages. This strength underscores growing buyer confidence and highlights a market structure tilted in favor of further gains. With support levels holding and momentum indicators flashing strength, SOL appears to be building the foundation for its next leg higher in the ongoing bull run. Solana Holds Above Key Moving Averages, Reinforcing Bullish Bias Gemxbt, in a recent post, pointed out that SOL is displaying a strong bullish market structure, with its price action now trading above the 5, 10, and 20-period moving averages. Such alignment of short-term moving averages reflects sustained upward momentum, as buyers continue to maintain control over the market direction. Related Reading: Solana (SOL) Pushes Higher – Is More Upside Still Ahead? The analyst noted that Solana has established key technical levels, with support forming around $237.5 and immediate resistance situated near $245. These levels will likely serve as pivotal points in the short term, guiding whether the market consolidates further or pushes higher. A break above resistance could reinforce the bullish momentum, while defending support remains essential to preserving the uptrend. Further strengthening the outlook, the Relative Strength Index (RSI) is trending upward. This indicator points toward growing market confidence, as traders continue to lean toward accumulation rather than distribution, reinforcing the bullish tone in SOL’s price action. Adding to the confluence, the MACD has recorded a bullish crossover, with the MACD line moving above the signal line, supporting the bullish sentiment. Combined with the alignment of moving averages and supportive RSI trends, the overall setup suggests that Solana is well-positioned to sustain its rally if buyers maintain their presence in the market. Technical Pattern Confirms Renewed Buyer Strength BitGuru, in a recent update on X, highlighted that SOL has staged a remarkable rally, driven by a strong double bottom breakout and a clean bullish setup. The formation of these patterns has provided momentum for Solana’s price to push all the way up to $249.60, signaling renewed strength in the market. Related Reading: Solana (SOL) Rally Builds – Can Bulls Extend Gains Beyond Key Levels? Following this impressive surge, the price action has entered a cooling phase, with the market now undergoing a pullback. Despite the retracement, the overall structure remains intact as SOL is consolidating near the key $235 support level.  In the meantime, this pause in price movement could be a healthy step for the market, allowing buyers to regain strength before attempting another push higher. As long as $235 holds firm, the setup continues to favor bulls, with Solana potentially eyeing a fresh move back toward resistance levels in the sessions ahead. Featured image from Adobe Stock, chart from Tradingview.com Source: newsbtc.com (Read Full Article)

On-chain data shows that XRP whales are currently offloading their coins, which paints a bearish outlook for the altcoin. This comes as XRP struggles to stay above the psychological $3 level and risks dropping to new lows.  XRP Whales Offload $480 Million Coins In Two Weeks Santiment data shows that XRP whales have dumped 160 million coins ($480 million) since around September 4, when their holdings peaked at around 6.95 billion. Since then, their XRP holdings have dropped from 6.95 billion to around 6.77 billion. These whales hold between 1 million and 10 million tokens.  Related Reading: XRP’s Market Cap Beats Out Heavy Hitters In Climb Into 100 Top Global Assets — Here Are The Numbers There is also a similar pattern among whales holding 10 million to 100 million coins and those holding 100 million coins to 1 billion coins. The 10 million to 100 million XRP whales had begun offloading their coins since last month, with a notable drop from 8.1 billion coins to around 7.77 billion coins as of now.  Meanwhile, XRP whales holding 100 million coins to 1 billion coins had begun offloading their coins since July, with a sharp drop in their holdings from around 10.83 billion during that period to 7.94 billion in August. However, since then, their holdings have remained stagnant, with these whales remaining on the sidelines, neither buying nor selling aggressively.  This development paints a bearish picture for the XRP price as the token could witness further declines as these whales continue to offload their coins. Moreover, these whales are offloading their coins despite projections of a Fed rate cut this week and the upcoming launch of the first spot XRP ETF. This further fuels concerns that these events might turn out to be a ‘sell the news’ event, with a sharp price decline happening once they occur.   A Potential Bearish Cross Lies Ahead For XRP In an X post, crypto analyst Egrag Crypto said that a potential bearish cross lies ahead for the XRP price. He predicted that the altcoin might dip to as low as $2.65 despite an imminent Fed rate cut. He noted that many are anticipating a rate cut but that the markets tend to react in the opposite direction, meaning that XRP could decline after the rate cut instead of rallying.  Related Reading: XRP Price Forms Bull Flag On The Weekly Chart: Analyst’s $23 EOY Target Swims Into View Egrag Crypto further stated that for the XRP price to avoid the bearish cross, it needs to see a close above $3.07 and $3.13. If that happens, then he believes that the altcoin will be in a much stronger position to rally to the upside. The analyst predicted that XRP could rally to as high as $3.7 eventually.  At the time of writing, the XRP price is trading at around $3, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com Source: newsbtc.com (Read Full Article)

Eric Trump on Tuesday described Bitcoin as a “modern-day gold,” calling it a liquid store of value that can act as a hedge to real estate and other assets. Related Reading: XRP’s Biggest Rally Yet? Analyst Projects $20+ In October 2025 According to reports, the remark came during a TV appearance on CNBC’s Squawk Box, tied to the launch of American Bitcoin, the mining and treasury firm he helped start. Company Holdings And Strategy Based on public filings and company summaries, American Bitcoin has accumulated 2,443 BTC on its balance sheet. That stash has been valued in the low hundreds of millions of dollars at recent spot prices. The firm mixes large-scale mining with the goal of holding Bitcoin as a strategic reserve, which it says will help it grow both production and asset holdings over time. Eric Trump’s comments were direct. He told viewers that institutions are treating Bitcoin more like a store of value than a fringe idea, and he warned firms that resist blockchain adoption. The tone was strong at times, and the line about Bitcoin being a modern equivalent of gold was used to frame American Bitcoin’s role as both miner and holder.   Eric Trump has said: bitcoin is modern-day gold — unusual_whales (@unusual_whales) September 16, 2025 How The Company Went Public American Bitcoin moved toward a public listing via an all-stock merger with Gryphon Digital Mining earlier this year, a deal that kept most of the original shareholders in control and positioned the new entity for a Nasdaq debut. Reports show that mining partner Hut 8 holds a large ownership stake, leaving the Trump family and other backers with a minority share. The listing brought fresh attention and capital to the firm as it began trading under the ticker ABTC. Market watchers say the firm’s public debut highlights two trends: mining companies are trying to grow by both producing and holding Bitcoin, and political ties are bringing more headlines to crypto firms. Some analysts point out that holding large amounts of Bitcoin on the balance sheet exposes a company to price swings, while supporters argue it aligns incentives between miners and investors. Related Reading: Ethereum Bulls Target $8,500 With Big Money Backing The Move – Details Reaction And Possible Risks Based on coverage of the launch, investors have reacted with both enthusiasm and caution. Supporters praise the prospect of a US-based miner that aims to be transparent and aggressive about building a reserve. Critics point to governance questions, possible conflicts tied to high-profile backers, and the usual risks of a volatile asset being held on corporate balance sheets. Eric Trump’s remark that Bitcoin has taken gold’s role in today’s world reflects both his belief in its value and American Bitcoin’s strategy of mining and holding. Whether that view sticks will depend on how investors and institutions respond in the months ahead. Featured image from Meta, chart from TradingView Source: newsbtc.com (Read Full Article)

Cardano (ADA) is trading at $0.876 with a daily volume of $1.28 billion, but sellers remain in control after a sharp 7% decline over two days. On-chain data from Santiment shows the Network Realized Profit/Loss (NPL) metric spiking to its highest level since July, signaling that many investors are cashing out profits. Related Reading: Solana DATs Will Outpace Bitcoin, Says Multicoin Capital Co-Founder This wave of profit-taking, while not a sign of structural weakness, has capped ADA’s recovery attempts. Analysts emphasize that defending the $0.87–$0.85 support range will be crucial to maintaining ADA’s broader bullish outlook. ADA’s price trends to the upside on the daily chart. Source: ADAUSD on Tradingview Technical Outlook: Will ADA Break or Hold? From a technical perspective, Cardano (ADA) is struggling beneath the 50-EMA at $0.8819, with rejection near $0.923 forming a bearish engulfing candle. The Relative Strength Index (RSI) sits at 44, suggesting sellers still have room to push lower. If ADA loses support at $0.8528, the next downside levels are $0.8264 and $0.8033. However, reclaiming $0.8843 would be the first sign of strength, opening targets at $0.9018 and $0.9234. Traders are split: aggressive bears may short below $0.8528, while conservative bulls wait for a breakout above $0.90 to confirm momentum. Adoption News Offers Bullish Counterweight Despite short-term weakness, ADA’s fundamentals remain strong. Openbank, Europe’s largest digital bank under Santander, recently integrated Cardano for 2 million customers. This development has boosted the institutional adoption narrative, potentially providing a longer-term bullish catalyst. Caution dominates in the near term. On-chain data shows a $6.7 million net outflow from exchanges on September 17, reflecting investor hesitation. Analysts warn that unless inflows pick up, ADA may continue trading sideways or drift lower before staging its next rally. Cardano Bulls Eye $1, But Risks Remain For now, $0.87–$0.85 remains ADA’s battleground. A decisive break above $0.90 could reignite bullish momentum and put ADA back on track toward the psychological $1 level. Conversely, a breakdown below $0.85 risks exposing deeper support zones at $0.82 and $0.78. Related Reading: Is The Dogecoin Bottom In? Confluence Of Signals Says Yes Whether Cardano’s next move is upward or downward may depend on how traders react to both technical signals and growing adoption headlines in the weeks ahead. Cover image from ChatGPT, ADAUSD chart from Tradingview Source: newsbtc.com (Read Full Article)

Despite a recent bout of market volatility, Ethereum’s bullish sentiment remains strong. With ETH holding strong above key support levels, its growing institutional demand and dominance in DeFi and staking, many believe the foundation for a new all-time high is already in place. What Could Derail Ethereum’s Path To A New ATH? In an X post, crypto investor CryptoELITES pointed out that Ethereum is still on track for a new all-time high. The ETH chart is exhibiting a similar pattern to previous cycles, bouncing off a bottom trendline. Related Reading: Ethereum’s Pullback Complete? ETH Set Eyes On 77% Breakout Run If the pattern holds, it implies that Ethereum has re-entered its main growth channel, the very setup that led to explosive rallies in prior cycles. As a result, the expert is confident and predicts that ETH could be headed for a new 2025 all-time high at the top. Emperor, a respected market analyst, has provided a detailed technical update on ETH price action. His analysis focuses on the key levels of support and resistance that are currently dictating the market’s direction, particularly following a period of consolidation. Emperor noted that after reaching its recent ATH, Ethereum’s price entered a phase of consolidation, trading within a specific range. A key resistance level had been holding the price down, but ETH eventually broke above it. However, a recent price move brought ETH back to this same resistance level for a bearish underside retest, which is a common technical event.  According to the analysts, the retest confirmed the rejection, where the price did not successfully bounce off the level and has now returned to it. The focus is now on a key support and resistance level that previously acted as resistance during the consolidation. Meanwhile, the market is now looking to see if this level, with confirmation from trading volume, can turn into support.  The Trigger For Full Expansion Ethereum has already done the heavy lifting this cycle by breaking above its key range highs around $4,100 and holding that level as support. Daan Crypto Trades, a crypto trader and investor, has revealed that the only remaining level is the 2021 all-time high, which ETH has briefly swept. However, it has not yet been able to go into full price discovery mode.  Related Reading: Citi’s Ethereum Forecast: No New All-Time High Expected, Year-End Target At $4,300 Daan emphasizes the importance of the bulls holding the $4,000 to $4,100 level on higher timeframes. He noted that the wicks below are fine, as these can be a normal part of retesting a support level.  However, closing below that point would be a bearish sign that could invalidate the current upward momentum. If ETH can clear $5,000 and sustain it, that’s the point where further expansion would begin. Until then, price action remains in the choppy phase. Featured image from iStock, chart from Tradingview.com Source: newsbtc.com (Read Full Article)