BTC is up by more than 1% and is now trading above $111k.
The coin could rally towards $115k if the bullish trend continues.
Crypto market gains stability
The cryptocurrency market has been volatile since the start of the week, with Bitcoin recording a whipsaw action. However, the market has gained stability in the last 24 hours, with the major coins recording healthy gains.
Bitcoin, Ether, and XRP prices have shown signs of stabilization early today as market momentum steadies after recent volatility. The leading cryptocurrencies are holding above key levels, with momentum indicators suggesting building bullish pressure and potential signs of recovery in the near term.
Bitcoin eyes $115k amid early signs of recovery
The BTC/USD 4-hour chart remains bearish and efficient despite Bitcoin adding 1% to its value in the last 24 hours. The cryptocurrency Bitcoin price faced rejection from the 50-day Exponential Moving Average (EMA) at $113,329 earlier this week and dropped by nearly 3% on Wednesday.
However, it retested the 61.8% Fibonacci retracement level at $106,453 and recovered 2.33% on Thursday before rallying above $111k.
The Relative Strength Index (RSI) indicator at 58 points upward on the 4-hour chart suggests early signs of growing bullish momentum. The RSI has to stay above the neutral 50 for Bitcoin to embark on a sustained rally. Furthermore, the Moving Average Convergence Divergence (MACD) lines converged in the last 24hours to form a bullish crossover.
If the bullish trend continues, Bitcoin could extend its rally toward the 50-day EMA at $113,329. An extended bullish run would allow it to reclaim the ILQ level at $115,137.
However, if the bulls fail to build on this momentum and the daily candle closes below $106,453, Bitcoin could extend losses toward the October 10 swing low of $102,000 over the next few days.
The momentum is switching bullish, and this could see Bitcoin extend its current gains towards the $115k resistance.
BTC is trading above $109k after adding 1% to its value in the last 24 hours.
Standard Chartered analysts believe BTC’s price could dip below $100k before resuming its rally.
Bitcoin could slide below $100k, says Standard Chartered analysts
Bitcoin has been extremely volatile this month, dropping to the $102k level just days after hitting a new all-time high of $126k. The price has failed to recover since the October 10 liquidation event.
Standard Chartered’s head of digital asset research, Geoffrey Kendrick, told investors on Wednesday that Bitcoin could drop briefly below the $100,000 mark by the weekend. The analyst added that the dip is inevitable but expects it to be temporary. The dip should serve as a window for investors, but maintains that it remains uncertain how low Bitcoin could go. In his note, Kendrick wrote that,
The question now is, how far does Bitcoin fall before finding a base?
He added that this may be the last time ever Bitcoin falls below the $100k level. According to Kendrick, the all-time high recorded on October 6 was in line with short-term price targets, but failed to rally higher due to growing macroeconomic concerns caused by renewed US-China trade tensions.
The analysts pointed out three factors that could boost Bitcoin’s price in the near term, including a massive selloff in Gold earlier this week. He hinted at a possible rotation of funds from precious metals to more risky assets such as cryptocurrencies.
The second factor is the monetary policy, with signs that the Fed could reduce interest rates once again, suggesting another Bitcoin rally. Kendrick maintains that Bitcoin’s price could hit $200k despite the ongoing market conditions.
BTC eyes $114k as market conditions improve
The BTC/USD 4-hour chart remains bearish and efficient despite Bitcoin adding 1% to its value in the last 24 hours. At press time, BTC is trading around $109,650 but could rally higher in the near term.
The RSI of 51 shows that the bulls are regaining control of the market, with the MACD lines also within the positive territory.
If the recovery continues, BTC could rally towards the weekly high of $113,964 over the next few hours. An extended bullish run would allow it to take out the ILQ level at $116k. However, if the bearish trend persists, Bitcoin could drop below the weekend low of $105k.
The ASTER price is under pressure as new competition brews in the decentralized perpetual exchange market.
Solana co-founder Anatoly Yakovenko has unveiled “Percolator,” a new L1-native perpetual DEX designed to run directly on the Solana blockchain.
This development introduces a powerful new contender into an already tense market dominated by Aster and Hyperliquid.
Aster, once celebrated for its dominance in the on-chain derivatives space, now faces a critical turning point.
The timing of Solana’s move couldn’t be more disruptive, coming as Aster grapples with a sharp price drop and declining user activity.
Solana’s Percolator shakes up the market
Yakovenko’s new project, Percolator, is still in its early development phase but has already attracted widespread attention.
Built directly on the Solana blockchain, it promises fast, low-cost perpetual trading without relying on external layer-2 networks.
Early GitHub data shows key modules for funding rates, account validation, and position management are already in place, with stress-testing expected soon.
The Solana ecosystem’s reputation for high throughput and low transaction fees gives Percolator a strong foundation to compete with existing players.
If it delivers on performance, the DEX could pull liquidity and traders away from Aster and Hyperliquid.
That potential shift adds pressure to Aster, which is already battling to retain users amid shrinking trading volumes and outflows.
ASTER price fights to stay above $1
At the time of writing, Aster is holding slightly above the $1 psychological support after two days of declines.
Technical indicators suggest the token is on shaky ground.
The MACD has crossed below its signal line, signaling weakening momentum, while the RSI sits near 31 — close to oversold levels.
A breakdown below $1 could send the token toward the next key support at $0.94, while a rebound could see a retest of $1.27.
Aster’s market data paints a worrying picture.
The token trades at $1.01, down more than 34% over the past month. Its market cap has slipped to about $2 billion, with daily trading volume at $805 million.
Aster’s Total Value Locked (TVL) has also contracted to $1.805 billion at press time, reflecting waning engagement from traders and liquidity providers.
Over the past week, Aster has experienced $326 million in TVL outflows and a dramatic collapse in daily trading volume to just $78 million.
That compares poorly with Lighter and Hyperliquid, which still handle over $10 billion in daily trades.
This falloff in activity has raised concerns that traders are fleeing the protocol amid doubts about the sustainability of its incentive-driven growth.
Technical momentum remains bearish, with the formation of a MACD death cross and an Aroon Down reading near 93% reinforcing the downward bias.
Aster now trades in a weak demand zone between $1.03 and $1.14 — an area that historically offers little support.
If selling continues, analysts warn that the token could slide toward $0.70 or even $0.50.
Can a short squeeze save ASTER’s price?
Despite the gloom, some traders see a potential rebound setup forming.
The Money Flow Index (MFI) has dropped sharply from 80 to 38, suggesting retail investors are exiting.
However, derivatives data show that roughly 80% of positions remain short.
If the ASTER price climbs above $1.39, about $34 million in short positions could be liquidated on Binance alone, triggering a short squeeze.
A bullish RSI divergence adds weight to this scenario, showing sellers may be losing control.
If momentum shifts, a break above $1.39 could send prices toward $1.88 and $2.22.
But if the token falls below $1.05 or $0.92, the recovery setup would collapse, deepening the bearish trend.
For now, investors are watching whether Aster can stabilize and regain momentum before Percolator reaches full launch.
If Solana’s new DEX lives up to expectations, it could redefine the competitive balance across the entire decentralized derivatives landscape — and determine where the ASTER price heads next.
Kadena Organization has ceased operations, citing current market conditions as the catalyst.
Its token KDA has tanked 60% in the last 24 hours and could drop further.
Kadena Organization ceases operations
The organization behind the Kadena blockchain announced on Tuesday that it is no longer able to continue business operations and is now winding down.
In an X post, the team stated that they are unable to continue to promote and support the adoption of this unique decentralized offering due to the current market conditions.
Kadena is a proof-of-work blockchain, and the team added that it will remain in operation until miners and maintainers depart. However, the team will cease all business activity and active maintenance immediately.
KADENA PUBLIC ANNOUNCEMENT
We regret to announce that the Kadena organization is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.
There are roughly 566 million KDA tokens still to be distributed as mining rewards, and it will continue until 2139. Kadena has been around since 2019 after it was launched by two U.S. Securities and Exchange Commission and JPMorgan alums, Stuart Popejoy and William Martino. The two had previously helped launch the predecessor to JPMorgan Chase’s Kinexys blockchain.
KDA dips by 60%, could suffer further losses
The KDA/USDT 4H chart is extremely bearish, thanks to the token losing 60% of its value in the last 24 hours. It was trading at $0.24 on Tuesday but fell sharply to $0.087 after the Kadena Organization announced its discontinuation.
The technical indicators are extremely bearish, with sellers in control. The RSI off 35 shows that KDA is currently bearish and could enter the oversold region soon. The MACD lines are also within the negative region, indicating a bearish trend.
If the selloff continues, KDA could drop below the October 10 low of $0.057 over the next few hours. The token is down 99% from the all-time high of $28 recorded in November 2021. With no team in place, KDA could struggle to record gains in the medium to long term.
Ether.fi’s daily users have fallen to 328 as fees plunge by nearly $98,000.
The price risks deepening if $0.96 support level fails to hold.
Before the sharp recovery, Ether.fi’s native token, ETHFI, slid sharply earlier today and over the recent days as liquidity thins and on-chain engagement falls to multi-month lows.
Market analysis and protocol metrics now point to a fragile short-term setup, with technical losses compounding worries about upcoming token supply and declining income for holders.
Altcoins sell-off drags ETHFI
Risk aversion in broader crypto markets has amplified ETHFI’s move downward.
As traders flee speculative tokens, ETHFI — a high-beta staking play — underperformed large-cap peers.
The token fell by over 7.1%, hitting a low of $0.9997 before recovering to $1.11 at press time, while wider altcoin benchmarks show smaller declines, highlighting project-specific pressures.
Notably, market rotation toward Bitcoin (BTC) has intensified outflows from smaller tokens.
For example, ETHFI’s 30-day slide of roughly 33% signals sustained selling pressure rather than a one-day repricing event.
Investors are treating the token like a leverage play, exiting quickly as macro and micro signals turned negative.
Technical breakdown deepens losses
From a technical standpoint, ETHFI has slipped under the $1.15 midpoint retracement and tested the $0.96, the 61.8% Fibonacci level, erasing a nascent recovery attempt and fracturing market confidence.
In addition, the RSI sits near neutral but trending down, while the MACD histogram still supports a bearish momentum picture, although there are signs of a possible reversal, and elevated volume during the drop showed conviction among sellers.
Because algorithms and short-term traders rely on these technical thresholds, once those levels break, they often accelerate down moves, which appears to have happened here.
A close beneath the $0.96 area would open the door to a retest of the September $0.80 low.
On-chain metrics paint a grim picture
On-chain data confirm the price weakness, with daily active addresses plunging to 966, the lowest since July 2025, showing a clear drop in buyer and user interest.
Protocol fees have also collapsed from roughly $210,500 to about $111,700, an over $98,000 drop that directly hits net holder income and reduces yield attractiveness for stakers.
Liquidity has also drained to near-yearly lows, with available DEX liquidity around $680,000.
That thin depth magnifies price moves, as even modest sell orders push the market more.
TVL has also contracted to roughly $9.784 billion, according to DefiLlama, underscoring that long-term commitment to the protocol has waned.
Tokenomics overhang still matters
Supply dynamics remain a structural risk for ETHFI holders as well.
With about 56% of the total supply circulating, upcoming unlock schedules keep potential dilution in investors’ minds.
Building on the upcoming major unlock event, fear of future supply increases can prompt preemptive selling, mirroring events seen in comparable projects.
Net Holder Income has also fallen sharply quarter over quarter, with the Q4 NHI sitting near $464,000 versus $3.9 million in Q3, signalling a material drop in protocol revenue that reduces incentives to accumulate or hold.
Without improvements in usage or fee generation, holder economics remain challenging.
ETHFI price outlook
The immediate outlook is biased to the downside until concrete signs of recovery appear.
Key technical support near $0.96 must hold to preserve the chance of a short-covering rally.
If that level fails, ETHFI could revisit the $0.80 area where buyers previously defended the token.
Recovery depends on two things: renewed on-chain activity and restored liquidity.
A return of daily users and a rebound in fees would stabilise NHI and improve the token’s narrative, while a meaningful liquidity refill would reduce volatility and help price discovery.
Until those changes materialise, traders should expect elevated swings and possible further erosion.
