COINJAKA

Cryptocurrency Markets Await U.S. Inflation Data Amid Expectations of Sharp Volatility

The cryptocurrency market is awaiting the release of U.S. Consumer Price Index (CPI) data on Wednesday and Producer Price Index (PPI) data on Thursday, amid continued volatility and weak short-term buying momentum.

Bitcoin (BTC): Trading between support at $80,000–$82,000 and resistance at $86,000–$88,000. A break above resistance could support further gains, while a break below support could pave the way for further declines.

Ethereum (ETH): Holding support at $2,400, while a drop below $2,300 could weaken the upward trend.

XRP: Trading between $1.30 and $1.60. It needs strong buying momentum to break through resistance, with volatility or further declines likely if demand weakens.

Favorable inflation data could support a market rally, while higher-than-expected figures could increase selling pressure. Bitcoin’s movement remains a key factor in determining the direction of altcoins.

Investors are advised to monitor support and resistance levels and avoid impulsive trades amid the expected volatility.

Bitcoin awaits inflation data and the Fed chair’s speech this week

The cryptocurrency market is bracing for an eventful week of economic developments that could affect the price of Bitcoin and other digital currencies, as BTC recovers to $84,000 and the total market capitalization reaches around $2.91 trillion.

Tuesday, October 13: OPEC’s monthly oil market report is due. The exact release time has not been specified in the available sources.

Wednesday, October 14 – 3:30 p.m.: U.S. inflation data (CPI) will be released, with annual inflation expected to rise to 3.7%.

Thursday, October 15 – 3:30 p.m.: U.S. producer price index (PPI) data and jobless claims will be released.

Friday, October 16 – 6:30 a.m.: Federal Reserve Chair Kevin Warsh will take part in a discussion during the International Monetary Fund meetings.

How could these events affect cryptocurrencies?

Lower-than-expected inflation data could support gains in Bitcoin and Ethereum, while higher readings could intensify selling pressure and market volatility.

MARA moves large amounts of Bitcoin amid a wave of market liquidations

MARA Holdings transferred approximately 996 Bitcoin, worth $81.13 million, to a wallet associated with Galaxy Digital, without confirming whether the move was a prelude to a sale or simply an asset transfer.

The move comes amid a decline in the company’s Bitcoin reserves and a shift toward investing in artificial intelligence and data centers.

Meanwhile, Bitcoin’s price approached $81,000, while cryptocurrency market liquidations exceeded $1 billion over 24 hours, coinciding with large outflows from Bitcoin ETFs.

Moves by major companies and outflows from ETFs could increase pressure on Bitcoin. However, transferring coins to a platform or wallet associated with a financial entity does not necessarily mean they will be sold. The $81,000 level remains an important area to watch for price movements in the coming period.

Bitcoin awaits easing tensions between the U.S. and Iran… Is it targeting $85,000?

Reports indicate a lower likelihood of a U.S. strike on Iran, amid concerns that oil prices could rise and military escalation could affect the global economy.
Bitcoin is trading at around $83,036, up 0.65%, after hitting a low of $80,393, according to the chart. Easing tensions could support a continued recovery toward resistance at $83,500–$84,000, followed by $85,000 if positive momentum continues.

Conversely, renewed tensions could bring selling pressure back, with support at $82,400 and then $81,700 in focus.

Cryptocurrencies could benefit from improved risk appetite, but a continued rally is not guaranteed and remains tied to political developments, oil price movements, and global markets.

Bitcoin funds see $485 million in outflows as price tests $82,000 support

U.S. Bitcoin spot ETFs saw outflows of around $485 million as Bitcoin fell to the $82,000 area, reflecting increased selling pressure in the market.

Support: $81,990–$81,100
Resistance: $82,600, then $83,100

A break below the $81,900–$81,100 area could increase the likelihood of further declines, while a recovery above $83,100 would be an initial sign of improving momentum.

Selling pressure remains evident, so it may be best to monitor the $82,000–$81,000 area before making any decisions, while avoiding investing all your capital at once.

A sharp correction weighs on Bitcoin, Ethereum, and XRP… Is a rebound approaching?

The cryptocurrency market is facing selling pressure, with Bitcoin falling to 83,285 $ , Ethereum to 2,571 $ , and XRP to $1.44.

BTC: Support is at 81,600–82,930 $ . A break below it could lead to a deeper decline, while a breakout above 85,000–87,000 $ could restore bullish momentum.
ETH: The 2,550–2,560 $ level is important to prevent further price declines.
XRP: It is trading within the 1.32–1.49$ support zone. Holding above 1.10–1.37 $ keeps the recovery outlook intact, while a breakout above 1.56 $ could be the first positive signal.

The market is under pressure, and current levels will be crucial in determining whether this is merely a correction or the start of a deeper decline.

Solana strengthens its institutional presence... while SOL faces a test

Solana has launched a DvP service in collaboration with JPMorgan to settle tokenized assets and payments in seconds instead of days, while reducing settlement risks. The service supports the Token-2022 standard and institutional controls, boosting the prospects for Solana’s use in financial markets.

Technically: SOL is trading near $120.40 and needs to break above 121–122 $ to regain bullish momentum, while 119.46 $ and then 118.88 $ represent the key support zones. The news is positive over the medium term, but the short-term technical signal remains neutral.

Ripple’s expansion with Brevan Howard supports XRP… and the price is trying to reclaim $1.52

Ripple has expanded its partnership with Brevan Howard through the Ripple Prime platform, providing prime brokerage, clearing, and financing services for its funds in traditional and digital markets. The move is positive for Ripple’s growing presence among major financial institutions, although there has been no direct announcement that XRP will be purchased or used under the agreement.

Technically: On the 15-minute chart, XRP is trading at around $1.5152 after bouncing from a low of $1.4860. The price is now above the moving averages: MA7 at $1.5114, MA25 at $1.5079, and MA99 at $1.5036, signaling short-term improvement.

Support: $1.5035, then $1.4936–$1.4860
Resistance: $1.5157, then $1.5234
A breakout above $1.5234 could open the way toward $1.5330.

The news is positive for the Ripple ecosystem over the medium term. Technically, XRP is trying to turn the $1.50–$1.51 zone into support. Holding above it, along with a breakout above $1.5234, would be a stronger signal that the upward move may continue.
Not investment advice.

Tom Lee: Crypto strength may pave the way for further gains

Tom Lee sees strength in the crypto market as signaling the possibility of U.S. monetary easing, amid expectations of improved liquidity and support for the CLARITY Act after the midterm elections

Bitcoin: Trading near 85,500$ after rejection at $87,000
Support: $85,100–$84,600
Resistance: $86,000–$87,000

Reclaiming $87,000 could revive bullish momentum, while a break below $84,600$ could signal a deeper correction

XRP is nearing a test of $1.55… Could the journey to $2 begin?

XRP continues to trade near $1.50, alongside a sharp rise in trading activity in South Korea. XRP’s trading volume on Upbit has surpassed Bitcoin’s, signaling growing interest in the currency.

Technically, XRP is currently trading at 1.5009$ , but has temporarily lost its short-term moving averages, with MA7 at 1.5089$ , MA25 at 1.5128$ , and MA99 at 1.5122$. Therefore, the price needs to reclaim the 1.51–1.513$ area first to regain momentum.

Resistance: 1.513$ , then 1.531$, followed by 1.55$
A breakout above 1.55$ and holding above it could open the way toward 1.65–1.70$ , then 2.00$.
Support: 1.495$ , then 1.493$. A break below these levels could renew pressure toward lower levels.

Adding to this are continued inflows into U.S. spot XRP funds, along with XRP Ledger updates expected on October 8–9.

XRP still has a chance to rise, but 1.55$ is the decisive level before reaching 2$ . It must first break above 1.513$ , then 1.531$ , and maintain momentum.

Massive transfers worth $249 million are weighing on the TRUMP coin... Will the decline continue?
The TRUMP coin has seen large movements from wallets linked to the project team, with around 81.87 million tokens worth approximately $249 million transferred to centralized exchanges, including Binance and OKX, over the past eight months
These transfers have raised investors’ concerns about the possibility of increased selling pressure, especially since the team still holds about 718 million tokens—equivalent to 71.8% of the total supply.

According to the chart, the price is currently trading near $2.05 after falling from a peak of $2.21 and recording a low at $1.978
Support: $2.00 then $1.978
Resistance: $2.065 then $2.12
Trend: a sideways move leaning cautious, with momentum remaining weak after the last drop
Conclusion: Although attempts to stabilize appear, continued token transfers to exchanges may increase selling pressure. A breakout above $2.065 could support a recovery attempt, while a break below $2.00 could send the price back to test the $1.978 low—therefore, it’s preferable to wait for confirmation of the trend before making any trading decision

Warnings of a potential new Bitcoin drop amid economic concerns
Warnings have increased about the possibility of Bitcoin facing strong selling pressure in the coming period as Monday, October 5 approaches, amid worries related to the Benner Cycle and rising yields on long-term U.S. bonds, which may lead to tighter financial conditions and reduced market liquidity.
Despite these concerns, there is no confirmed evidence of a crash, and expectations remain just uncertain scenarios.

Bitcoin is trading near $84,961 after recovering from a previous downwave, but it still faces pressure at current levels. Holding the $83,888 zone may support continued stability, while breaking $85,000 and holding above it could enhance recovery prospects; however, a break of support could bring selling pressures back to the forefront.

Bitcoin under pressure... and $83,900 a critical level

Bitcoin is trading near $84,200 after falling from $87,220.
Technically, the pressure remains negative as long as the price stays below $85,000–$85,500, while $83,900 represents an important support level; breaking it could push the price toward $83,200–$83,000

NIGHT rises strongly.. and Midnight upgrade supports recovery hopes

The NIGHT coin of the Midnight project recorded a strong increase during September and the beginning of October after a prior collapse that exceeded 87%, coinciding with enabling the ability to deploy smart contracts without prior authorization on the mainnet on October 2. This could open the door to new applications and uses

Technically: the chart shows ongoing bullish momentum as the price reached $0.05028 before pulling back slightly to around $0.0492. The price is trading above the 7, 25, and 99 moving averages, indicating an improvement in the short- and medium-term trend.

Resistance: $0.0503 then $0.0510
Support: $0.0485 then $0.044
Deeper support: $0.040

A break above $0.0503 and holding above it could support the continuation of the uptrend, while losing $0.0485 may lead to a correction toward $0.044

NIGHT is in a phase of strong bullish momentum, but after the rapid rise, the possibility of a correction remains. Maintaining the $0.0485–$0.044 area will be important for sustaining the positive trend

Cardano strengthens its presence with a partnership with Petrobras.. Is ADA preparing for a new bullish wave?
Cardano’s (ADA) coin has improved in performance, trading near $0.247 after the announcement by Brazil’s giant oil company “Petrobras” that it will use the Cardano network in a pilot project to track clean fuel and reduce calculation errors in emissions—boosting the prospects for wider blockchain use in the energy sector.
Brief technical analysis:
ADA is currently testing an important support area at $0.24, and holding above it may support an attempt to rise toward the $0.28 resistance. However, breaking this support could push the price toward the $0.21 area.
Despite the positive partnership, selling pressure, declining trading positions, and whales remain a challenge to the continuation of the recovery.
Conclusion: The future trend of the ADA coin depends on maintaining support at $0.24, and breaking through resistance at $0.28 could enhance the chances of the uptrend continuing, while caution remains necessary amid market volatility.

XRP between expansion in Brazil and downward pressures.. Will the price regain its upward momentum?
Despite Brazil’s announcement of plans to integrate the XRP Ledger network into its financial infrastructure, with the possibility of transferring digital assets worth up to $15 billion, the XRP coin continues to face selling pressures as price interaction with positive news weakens.

XRP is currently trading near $1.488, with continued pressure on the price within the short-term timeframe.
Support: $1.474 – $1.470
Resistance: $1.502 – $1.517
A break above resistance could support a rebound toward $1.532
A breakdown of support could open the door to further downside
Despite the positive developments related to the network’s adoption in Brazil, the price still needs clear buying power to confirm the recovery. A breakout above resistance or a breakdown of support remains the most important factor for determining the next direction.

City Boosts Its Optimism for Bitcoin and Ethereum Amid Improving Market Expectations

The “City” group has raised its 12-month target price for Bitcoin from $82,000 to $113,000 and increased its Ethereum forecast to $3,028, driven by improved economic conditions and expectations of inflows of about $5 billion into crypto funds.
Technical Analysis
Bitcoin is trading near $84,000 and is trying to maintain its upward momentum. The closest resistance levels are $84,600, then $85,200, and breaking through them could pave the way toward $85,800.
As for support zones, they are $83,400 and then $82,800. A break below them may increase the likelihood that the correction continues.
For Ethereum, the price targets a move back toward the $3,000 level, with the importance of monitoring buying strength to sustain the uptrend.
City’s outlook reflects an improvement in the forward-looking view of the market, but confirming the bullish trend requires breaking resistance levels, along with caution and risk management.

🚀 XRP awaits the impact of Evernorth deal amid attempts to regain $1.52

XRP’s moves near 1.513$ coincide with developments in the Evernorth deal, which aims to establish a public company to manage XRP reserves holding over 470 million XRP, according to information in the article. If the merger is completed, the merged company is expected to trade on Nasdaq under the ticker XRPN.

Technically, the 15-minute chart shows that XRP rebounded from the $1.48–$1.50 area and is currently hovering around 1.513$ . The 99-day moving average at 1.5012$ forms an important support, while the 25-day moving average at 1.5134$ and the 7-day moving average at 1.5040$.

Support: 1.50$ , then $1.48
Resistance: 1.524$ , then $1.545
A breakout above 1.545$ could push the price to test $1.56.
A break below 1.50$ could bring selling pressure back toward $1.48–$1.47.

Institutional developments around XRP add an important factor to the market, while technically XRP needs to break above 1.524–1.545$ to confirm an improvement in short-term momentum

Bitcoin attempts to stabilize above $84k

Price is above the 99-day moving average at 83,599$ , which supports the continuation of positive momentum in the short term

Resistance: 84,565$ then 85,650$
A break above 85,650$ may open the way toward $86,000–87,000.
Support: 83,950$ then 83,600$
A break below 83,600$ may shift pressure back toward $83,300–82,900$.

The short-term outlook is leaning positive, but the price faces significant resistance near 84,565–85,650$

Bitcoin faces a critical test near $84,000

BTC is trading near $83,894$ after falling from the $84,500 zone.
The price remains above the 99-day moving average at $83,639$ , but selling pressure is evident, with sell orders prevailing in the order book.

Support: $83,640$ , then $82,977$
Resistance: $84,050$ , then $84,585$
A breakout above $84,585$ could push the price to test $85,000+.
A break below $83,640$ could increase pressure toward $82,977$–$82,563