Chainlink eyes $13.50 breakout as ETF inflows hit yearly high

Key takeaways

  • Chainlink traded near $13.50 on Monday, extending its recovery from Thursday’s $12.09 low.
  • LINK-focused ETFs attracted $9.48 million on Friday, their largest daily inflow this year, according to SoSoValue.
  • A confirmed breakout could bring $13.93 into focus, while initial support sits at $13.32 and $12.95.

Chainlink held above $13 on Monday as stronger ETF demand and rising balances among large holders supported its recovery from last week’s pullback.

LINK traded around $13.34, up from Thursday’s low of $12.09. Buyers are now approaching resistance near $13.50, where a sustained breakout could strengthen the case for another leg higher.

Chainlink ETFs record $9.48 million in daily inflows.

LINK-focused exchange-traded funds attracted $9.48 million on Friday, their largest daily inflow so far this year, according to SoSoValue.

The funds have recorded five consecutive weeks of inflows, pointing to sustained demand through traditional investment products.

That buying provides a supportive backdrop for LINK’s rebound, although continued inflows will be important if the recovery is to extend beyond nearby resistance.

Large holders increase their share of LINK supply

Santiment data shows that wallets holding between 1 million and 100 million LINK now account for 65.6% of circulating supply.

That compares with 65.38% on October 1, an increase of 0.22 percentage points. The rising share suggests increased exposure among large-wallet holders. 

However, wallet-size categories can include exchanges and other entities, so the figures do not necessarily represent individual investors alone.

Together with positive ETF flows, the data points to stronger demand as LINK attempts to reverse its recent correction.

LINK tests trendline resistance near $13.50

Chainlink’s broader technical structure remains supported by a rising trendline connecting the August 10 and September 16 lows near $12.30.

Nevertheless, the token is still recovering from a downswing that began at the September 29 high of approximately $15.77.

On the four-hour chart, LINK sits just above its declining 50-period exponential moving average near $13.32. The next hurdle is a descending resistance trendline around $13.50, connecting the September 30 and October 5 highs.

A confirmed move above that barrier could bring $13.93 into view, the 50% Fibonacci retracement of the decline from $15.77 to $12.09.

A sustained advance would then put the $15.77 swing high in focus, followed by the 127.2% Fibonacci extension near $16.77.

The four-hour Relative Strength Index is near 55, above its neutral midpoint, while the Moving Average Convergence Divergence indicator has moved into positive territory.

LINK/USD Daily Chart

Both readings suggest strengthening bullish momentum, though price still needs to clear resistance to confirm the breakout.

On the downside, the 50-period EMA at $13.32 provides the closest support reference, followed by the 200-period EMA at $12.95.

A deeper pullback would expose the trendline area around $12.30 and Thursday’s $12.09 low. Holding those levels would help preserve the recovery structure if the initial breakout attempt fails.

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Cardano reclaims $0.250 as derivatives sentiment improves

Key takeaways

  • ADA’s long-to-short ratio edged above one to 1.01, indicating a slight tilt toward bullish positioning.
  • Funding turned positive and reached 0.0061%, with longs paying shorts.
  • ADA holds above its major daily EMAs, with immediate support at $0.245 and resistance at $0.299.

Cardano recovered above a key support zone on Monday, trading near $0.250 as derivatives positioning improved following last week’s 2.85% correction.

ADA remains above its major daily exponential moving averages, supporting a constructive near-term outlook. However, mixed momentum and signs of sell-side pressure suggest the recovery still faces obstacles.

Cardano derivatives positioning turns more positive

CoinGlass’ long-to-short ratio for ADA rose to 1.004 on Monday, moving slightly above the neutral threshold of one.

The reading suggests longs marginally outnumber shorts within the positions or accounts tracked by the metric. The narrow margin points to a modest improvement rather than strong bullish conviction.

Cardano’s funding rate also turned positive on Sunday and increased to 0.0061% on Monday. Positive funding means long traders are paying short traders, reflecting greater demand for bullish exposure in perpetual futures.

Together, these indicators suggest sentiment has improved as ADA attempts to extend its rebound.

CryptoQuant’s summary data presents a more cautious picture. The platform flags overheating conditions in Cardano’s spot and futures markets, alongside sell-side dominance. It also identifies large whale orders in the futures market.

These signals contrast with the improving long-to-short ratio and positive funding, highlighting uneven positioning among traders.

Bullish derivatives demand alone does not establish that spot buying will be sufficient to sustain higher prices.

ADA holds above its major moving averages

At $0.250, Cardano trades above the 50-day EMA at $0.230, the 100-day EMA at $0.219, and the 200-day EMA at $0.241.

Its position above all three averages supports the broader recovery structure. The horizontal level at $0.245 provides the closest support reference.

Momentum remains moderately constructive. The Relative Strength Index stands near 54, above its neutral midpoint without indicating overbought conditions.

However, the Moving Average Convergence Divergence indicator remains marginally below zero, suggesting the rebound has yet to develop strong upward momentum.

The first downside test is $0.245, followed by the 200-day EMA near $0.241 and horizontal support at $0.236.

ADA/USD Daily Chart

A deeper pullback would bring the 50-day EMA at $0.230 and the 100-day EMA at $0.219 into focus. Below those levels, the analysis identifies rising trendline support around $0.206 and a more distant floor at $0.150.

On the upside, the next major horizontal resistance identified in the analysis is $0.299, where previous selling interest could limit an extended recovery.

Holding the nearby support band would preserve ADA’s constructive technical position, while stronger buying momentum would be needed to sustain a move toward that resistance.

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Dogecoin dips by 11% this week as whale balances shrink

Key takeaways

  • Dogecoin traded near $0.085 on Friday after losing more than 11% this week.
  • Two large-wallet cohorts reduced their combined holdings by 100 million DOGE since Tuesday.
  • A close below $0.084 could expose $0.078 and $0.070, with resistance beginning at $0.086.

Dogecoin traded around $0.085 on Friday, approaching a key trendline area after a weekly decline of more than 11%.

Falling balances among some large holders and weakening technical momentum suggest continued downside pressure. 

However, derivatives positioning offers a more mixed picture, with long positions outnumbering shorts in CoinGlass’ tracked ratio.

Large Dogecoin holders reduce exposure

Santiment’s supply distribution data shows that wallets holding between 1 million and 10 million DOGE and those holding between 10 million and 100 million DOGE have collectively reduced their balances by 100 million tokens since Tuesday.

The decline suggests some large holders are reducing exposure, potentially through profit-taking. Wallet balance changes alone do not confirm that every token was sold, but the movement adds to concerns about near-term supply pressure.

CryptoQuant’s summary indicators also point to caution. Its data identifies overheating conditions in both spot and futures markets, alongside large orders and sell-side dominance in futures.

These signals suggest that selling pressure remains significant as DOGE approaches nearby support.

Despite the price decline, CoinGlass’ DOGE long-to-short ratio stood at 0.90 on Friday, approaching its highest level in more than a month.

A reading above one indicates that longs outnumber shorts within the positions or accounts tracked by the metric.

Funding rates also remained positive at 0.0010%, meaning long traders were paying short traders to maintain their positions.

Together, the readings suggest some traders are positioning for a recovery. They do not establish that buying demand is strong enough to reverse the decline, particularly while price momentum remains weak.

DOGE tests $0.084 as momentum deteriorates

Dogecoin is trading just above the trendline area near $0.084, which serves as the immediate technical support reference.

A daily close below that level could open the way toward $0.078. A deeper correction would bring the next structural floor at $0.070 into focus.

The Relative Strength Index sits near 40, below its neutral midpoint and consistent with weaker buying momentum.

The Moving Average Convergence Divergence line remains below both zero and its signal line. Its negative, slightly expanding histogram also suggests sellers retain the near-term advantage.

DOGE remains beneath several important exponential moving averages, creating successive barriers to a rebound.

DOGE/USD Daily Chart

The first resistance is the 100-day EMA near $0.086. Above it, the 50-day EMA and a horizontal resistance level converge around $0.088.

Clearing those levels would help ease immediate bearish pressure. A stronger recovery would require a move above the 200-day EMA at $0.093, followed by a challenge of major resistance near $0.102.

For now, the balance between support at $0.084 and the moving averages overhead will help determine whether DOGE stabilizes or extends its weekly losses.

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XRP tests the $1.32 support level as ETF demand slows

Key takeaways

  • XRP has declined nearly 7% over seven days after failing to clear resistance at $1.60.
  • Trading volume remains around $3 billion, equivalent to nearly 4% of its circulating market capitalization.
  • XRP ETFs have attracted just $4 million in October so far, compared with $121.4 million during September.

XRP has fallen nearly 7% over the past week after its latest rally failed to break through $1.60, leaving traders watching nearby support for signs that the correction could stabilize.

Trading activity remains elevated at approximately $3 billion, but slower ETF inflows and increased transfers to exchanges suggest buyers face a more challenging environment.

The pullback comes alongside broader crypto market weakness and cooling sentiment following the recent advance.

XRP ETF inflows slow sharply in October

XRP-linked exchange-traded funds attracted $121.4 million in net inflows during September, according to SoSoValue figures cited in the analysis.

Investors have added only around $4 million so far in October. At that pace, the report estimates monthly inflows of approximately $17 million, although the final total will depend on demand over the remaining sessions.

The slowdown points to weaker buying through investment funds. It does not establish that investors are withdrawing capital, since October’s cumulative flows remain positive.

Still, reduced ETF demand removes a source of support as XRP attempts to find a floor.

Onchain data shows that XRP inflows to exchanges have accelerated over the past two weeks, reaching their highest level since July 2026.

The earlier increase coincided with a decline from approximately $1.14 to $1.00. The analysis suggests another period of selling could follow the latest rise in deposits.

Transfers to exchanges can indicate that holders are preparing to sell, but they do not confirm completed sales. Some deposits may serve trading, collateral or other purposes.

With XRP retreating from resistance, the increased inflows nevertheless add to concerns that early buyers could take profits.

The Crypto Fear and Greed Index has fallen from a recent high of 80 to 58, reflecting a shift away from strong optimism as prices correct.

The report argues that the macroeconomic backdrop has become somewhat more supportive than it was a few weeks earlier. It says the latest Federal Reserve minutes did not change the baseline expectation that another rate increase would be delayed until at least December.

Softer-than-expected August PCE inflation figures were cited as supporting that view.

However, expectations for a later rate hike have not prevented near-term profit-taking across the crypto market.

XRP technical outlook: Bulls hold the $1.32 support

The daily chart places XRP near its 200-day exponential moving average, with the analysts identifying approximately $1.32 as a potential rebound zone.

A successful defense of that area could help stabilize the price. If selling accelerates, the next support lies near $1.26, a level that has previously attracted buyers.

XRP/USD Daily Chart

Below that, $1.26 represents a deeper demand zone and another important test for bulls.

Momentum has weakened, with the Relative Strength Index approaching 40, suggesting sellers retain the near-term advantage.

The medium-term target of $1.80 remains in play, but reaching it would require renewed demand and a sustained recovery through the $1.60 resistance that halted the latest advance.

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NextBlock invests $3M in Soda Labs to expand blockchain privacy

  • NextBlock invests $3M in Soda Labs’ seed funding round.
  • Soda Labs expands its privacy infrastructure across major blockchains.
  • Soda plans to scale adoption, validators, and financial integrations.

NextBlock has invested $3 million in Soda Labs’ seed round, funding the entire closed round as the blockchain infrastructure company expands its programmable privacy technology for financial activity on public blockchains.

The investment comes as Soda Labs moves from its existing gcEVM privacy layer toward Soda Bubble, a chain-agnostic coprocessor designed to enable private computation across different blockchain networks.

Soda Labs has spent the past two and a half years developing a cryptographic privacy solution based on garbled circuits and multiparty computation (GC-MPC).

The company said its system uses established cryptographic standards including AES and SHA256 and can operate on standard cloud CPUs without requiring specialised hardware.

“What attracted us to Soda was not only the underlying cryptography, but the practicality of the technology for the financial workloads we believe will matter most onchain,” said Pieter van Poecke, Founder and General Partner of NextBlock.

Van Poecke added that Soda already had a working product and paying customers, while its technical intellectual property, technical founding team and commercial capabilities provided a foundation for its next phase.

Soda Labs expands privacy infrastructure

Soda’s technology has processed more than 100 million transactions on the COTI network. Its deployed applications include tokenisation platform Zoniqx and perpetuals exchange PriveX.

According to the company, PriveX has processed more than $20 billion in trading volume, while Zoniqx is onboarding issuers across multiple asset classes and jurisdictions.

Soda’s existing gcEVM privacy layer remains live on COTI. The company is now expanding its architecture through Soda Bubble, which is designed to process developer-defined workloads from different blockchains without exposing private data publicly or to Soda Labs itself.

The Bubble Validator Network allows participants to mathematically verify that computations involving private data have been performed correctly.

Soda Labs is expanding Bubble across major EVM ecosystems, including Ethereum, Polygon, Arbitrum and Base. It is also working on expansion to non-EVM networks, including Solana.

Company targets commercial adoption

The new funding will give Soda Labs room to focus on scaling commercial adoption and execution over the next 12 to 18 months.

The company plans to use the capital for its go-to-market strategy, validator network expansion, broader blockchain coverage, team growth and integrations with banks, payment companies, tokenisation platforms and other financial infrastructure providers.

Soda Labs is also working with financial and infrastructure organisations on several undisclosed pilots, with the aim of converting them into production deployments.

The company expects to publish updated performance benchmarks in the coming weeks. Soda said its latest testing on Arbitrum measured the complete transaction lifecycle on the live network, including encryption, MPC computation, consensus and settlement.

The company reported a five- to tenfold improvement over its previous benchmark, although the new results have not yet been publicly released. Soda also said its GC-MPC architecture can provide approximately 10 to 100 times greater throughput and 100 to 1,000 times lower transaction costs than currently available alternatives.

“Public blockchains already have the liquidity, users and financial applications. What they lack is a way for regulated money to move without showing everyone everything,” said Avishay Yanai, Co-Founder and CEO of Soda Labs.

Yanai said Bubble is designed to provide banks, payment companies and tokenisation platforms with privacy and controlled disclosure while using the blockchain networks they already rely on.

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