SOL is trading above $160 after testing the $150 low on Tuesday.
The coin could rally towards the $200 level soon amid growing demand and low supply.
SOL recovers from Tuesday’s slump
Solana’s derivatives market has not fully recovered since the October 10 deleveraging event, which liquidated over $19 billion in crypto assets within 24 hours. Data obtained from CoinGlass showed that the futures Open Interest (OI) averaged $17.63 billion on Wednesday, up from the $7.7 billion recorded on Tuesday.
The growing OI, representing the national value of outstanding futures contracts, suggests that retail investors are regaining interest in the cryptocurrency. A steady recovery in the OI will indicate a short-term bullish outlook. Otherwise, Solana’s recovery potential could remain limited.
Solana bulls eye short-term breakout
The SOL/USD daily chart remains bearish and inefficient as Solana has failed to break above the $200 psychological level in the near term. SOL is trading at $160 per coin at the moment as the broader crypto market recovers from the recent slump.
The Relative Strength Index (RSI) on the daily chart holds at 40, signaling a fading bearish trend. If the RSI moves above the neutral 50, SOL could rally higher towards the $188 resistance level in the near term. An extended bullish run would see SOL hit $200 for the first time since October 25th.
However, if the downtrend continues to dominate, SOL could drop below the $150 support level and retest the recent low of $144.
Conversely, the Moving Average Convergence Divergence (MACD) indicator on the daily chart is set to trigger a buy signal. This signal usually takes place once the blue line crosses and settles above the red signal line, encouraging investors to increase their risk exposure.
SOL could experience a 22% breakout from its current level, allowing it to hit the $200 psychological level.
XRP is trading above $2.4 after defending the $2.35 support level.
The cryptocurrency could rally towards the $2.7 resistance level soon.
XRP defends the $2.35 support level
The cryptocurrency market had a positive start to the week, with Bitcoin and other major cryptocurrencies recording excellent gains. Bitcoin hit the $107k resistance level but faced rejection at this zone and dumped below $103k on Wednesday.
This bearish performance also affected major altcoins, including XRP. Ripple’s native coin dipped below $2.40 on Tuesday, but the bulls defended the $2.35 support level. This allowed the cryptocurrency to reclaim the $2.4 level and could serve as the springboard to push the price higher in the near term.
Analysts expect XRP’s price to surge higher ahead of a possible ETF approval by the United States Securities and Exchange Commission (SEC). In an email to Coinjournal, Alexis Sirkia, Chairman of (Ripple-backed) Yellow Network, stated that,
“Investors are looking to get in ahead of and benefit from the retail and institutional capital that floods in with ETF approvals, which looks to be set for around November 13.
Whilst separate entities, Ripple’s recent $500 million strategic investment and $40 billion valuation are another positive factor impacting XRP’s price. If Wall Street titans like Citadel and Fortress are betting so much on Ripple, which stewards the XRPL, they clearly believe in the utility of the ledger itself. Any further major price move for XRP will be driven by these structural factors, not just by short-term sentiment.”
XRP eyes $2.7 if the daily support at $2.35 holds
XRP rallied to the $2.55 level on Monday, retesting its 50-day EMA following the bearish performance recorded last week. However, the resistance failed and XRP dipped below $2.40 on Tuesday. It is now trading around $2.44 per coin.
If the daily support at $2.35 holds, XRP could rally higher and retest the $2.55 resistance level once again. An extended bullish trend would see XRP grab the trendline liquidity and hit $2.70 in the process.
The daily RSI dipped below the neutral 50 level to 47, indicating slight weakness in momentum. However, the MACD showed a bullish crossover earlier this week, suggesting that the bullish view remains in play.
On the flip side, if XRP closes below the daily support at $2.35, the bearish trend would continue, and XRP would decline toward the next daily support at $1.96.
Dogecoin price fell to near $0.17 as fresh downside pressure hit cryptocurrencies.
The memecoin has nonetheless bounced off these intraday lows and is inching towards $0.18.
What’s next for cryptocurrency amid DOGE ETF anticipation?
Dogecoin (DOGE) price dropped from highs of $0.18 as Bitcoin and top altcoins pared gains following an uptick on Monday.
However, bulls are showing resilience as prices bounce off lows near $0.17, with the top memecoin recording a dip in selling pressure.
As of November 12, 2025, the DOGE token is trading at $0.176, which is a slight uptick from its intraday lows of $0.1712.
While the asset remains in negative territory on the day, it’s up nearly 9% over the past week.
Notably, the bounce and renewed interest from bullish traders across the market suggest Dogecoin could be poised for potential continuation higher.
Dogecoin price technical outlook
The $0.15 price level is a support zone that has held firm since March 2025, and features key reload areas that coincide with recent market sell-offs.
In October, bears touched lows below the mark, and traders see it as a key psychological and technical floor.
By thwarting bears’ plans for deeper corrections throughout the past several months, the buffer zone has helped bulls to remain in the game.
DOGE above $0.17 aligns with technical indicators, including a hidden bullish divergence on the Relative Strength Index (RSI) that suggests that selling pressure may be waning.
Investors are digesting broader market dynamics, including macroeconomic tailwinds like the end to the US government shutdown and monetary policy.
In this environment, Dogecoin’s resilience at $0.17 points to strength at an entrenched position.
If price bounces off the lower boundary of a multi-month broadening wedge, a breakout above the $0.18 resistance is likely.
That could pave the way for a retest of the $0.20 mark. Notably, the 50-day exponential moving average provides downsloping resistance near $0.199.
A break above this will bring $0.22 and $0.30 into play.
Why is Dogecoin price largely bullish?
Dogecoin’s bullish price outlook rides a confluence of catalysts, including institutional developments, community resilience, and favorable technical setups.
Even as short-term bearish signals linger, mounting anticipation around spot Dogecoin exchange-traded funds is significant.
XRP, Solana, Litecoin, and Dogecoin are among the top altcoins set to benefit from ETF launches. The Bitwise DOGE ETF countdown is on, as CoinJournal highlighted earlier this month.
Meanwhile, on-chain activity, shown by large wallet investors adding to their holdings amid the price dip and memecoin hype, continues to bolster bulls.
As noted, the 50-day exponential moving average, though declining, has previously acted as a robust support level.
The move positions the major US crypto exchange to bring its stablecoin-powered payment solutions to startups and small and medium-sized enterprises (SMEs) in the region.
With a focus on digital innovation, the platform will simplify crypto payments, reduce transaction costs, and support business growth in a regulated environment.
Coinbase Business targets startups and SMEs
Coinbase Business offers an all-in-one crypto operating platform that enables companies to send and receive payments in USDC, Coinbase’s dollar-backed stablecoin.
The platform also allows businesses to manage digital assets, automate financial workflows, and reconcile transactions seamlessly with their accounting and enterprise systems.
By leveraging the speed and stability of USD Coin (USDC), businesses can settle payments instantly, avoid chargebacks, and significantly reduce cross-border transaction costs, making it particularly attractive for startups and SMEs operating in international markets.
The Singapore launch reflects Coinbase’s strategy to expand its services beyond the United States while focusing on the unique needs of smaller businesses that often face friction in adopting cryptocurrency solutions.
Early access applications are currently being accepted from eligible Singapore-based firms, signalling Coinbase’s intent to foster a strong initial user base.
Collaboration with Standard Chartered
The launch in Singapore is supported by a strategic partnership with Standard Chartered, which facilitates real-time transfers in Singapore dollars (SGD).
This collaboration allows Coinbase Business users to conduct seamless local and cross-border transactions while integrating stablecoin payments into existing financial operations.
Businesses can also leverage the platform’s APIs to link invoicing and enterprise resource planning systems, enabling automated reconciliation and smoother accounting processes.
With Standard Chartered’s banking support, Coinbase Business provides tools for crypto trading, global payouts, and payment links with a nominal transaction fee.
This combination of banking infrastructure and digital currency capabilities creates a hybrid model that blends traditional finance with innovative crypto solutions.
Regulated expansion and MAS collaboration
Coinbase’s Singapore expansion builds upon its regulatory engagement with the Monetary Authority of Singapore (MAS).
In October 2023, Coinbase Singapore Pte. Ltd. received a Major Payment Institution (MPI) license for Digital Payment Token and Cross-border Money Transfer services.
While the license does not currently cover domestic money transfers or merchant acquisition services, it enables Coinbase to offer instant stablecoin settlement and cross-border payments to businesses that fall within the permitted scope.
Further strengthening its local footprint, Coinbase recently joined the MAS BLOOM initiative, which focuses on expanding financial settlement capabilities using tokenised bank liabilities and regulated stablecoins.
The program demonstrates how Coinbase is actively working to develop compliant infrastructure that supports the next generation of business payments, combining regulatory oversight with innovative financial technology.
The combination of fast settlements, low fees, and API-enabled automation addresses longstanding challenges in cross-border payments, while reinforcing Coinbase’s vision of a regulated, inclusive, and innovative financial ecosystem for enterprises of all sizes.
Bitwise’s Chainlink ETF appears on DTCC, signalling launch progress.
Chainlink expands with Injective EVM integration for real-time data.
Bitwise’s proposed Chainlink ETF has appeared on the Depository Trust and Clearing Corporation (DTCC) registry, a move often seen as a key step toward an eventual launch.
The listing signals that the fund’s debut could be approaching, marking another milestone in the growing intersection between traditional finance and blockchain assets.
Despite this progress, Chainlink’s (LINK) price has edged lower, weighed down by a broader market pullback and persistent regulatory uncertainty.
Investors remain cautiously optimistic, viewing the ETF’s advancement as a potential long-term catalyst even as near-term sentiment stays subdued.
Bitwise Chainlink ETF nears launch
Bitwise’s Chainlink ETF has appeared on the DTCC’s eligibility list under the ticker CLNK, placing it in both the “active” and “pre-launch” categories.
Such a listing is typically one of the final steps before a new exchange-traded fund can officially begin trading on the market.
The listing reflects backend preparations for clearing and settlement, but it does not guarantee that the US Securities and Exchange Commission (SEC) will approve the fund.
The ETF aims to track the price of Chainlink (LINK), the token that powers the decentralised oracle network connecting smart contracts to real-world data.
Bitwise first filed its Form S-1 registration with the SEC in August and is still expected to submit Form 8-A, the last major document required before a security can be listed on an exchange.
The listing on DTCC suggests that this step may be imminent once the US government reopens after a prolonged government shutdown.
The 42-day US government shutdown has stalled SEC activity, creating a bottleneck for dozens of crypto-based ETFs, including Bitwise’s Chainlink product.
However, optimism has returned after the Senate passed a funding bill that could soon restore full SEC operations, clearing the backlog of pending applications.
Historically, ETFs that reach DTCC listing status tend to move toward approval once regulatory conditions normalise.
Analysts such as Bloomberg’s Eric Balchunas have noted that most funds that reach the DTCC stage eventually debut, underscoring growing confidence that a Chainlink ETF could soon join the expanding roster of crypto investment vehicles.
In addition, Coinbase Custody Trust Company has been named as custodian of the Bitwise Chainlink ETF, and the fund will allow in-kind creation and redemption, meaning investors can exchange shares directly for LINK tokens.
Analysts view this feature as a potential liquidity driver that could deepen institutional exposure to Chainlink’s network.
Meanwhile, other asset managers like Grayscale are also pursuing Chainlink-based products, though their proposals include staking components that could complicate approval.
Chainlink (LINK) price outlook
Despite the promising ETF progress, the Chainlink price has dropped by about 3.3% over the past 24 hours, diverging from its 7-day gain of roughly 5.5%.
The pullback reflects a combination of market-wide weakness and profit-taking after weeks of ETF-driven speculation.
Amid the pullback, the open interest in LINK derivatives has dropped 8%, suggesting that traders are scaling back exposure amid short-term uncertainty.
The broader crypto market has also slipped by about 1.7% in the same period, showing that sentiment remains fragile even as structural developments advance.
From a technical analysis standpoint, LINK has slipped below its 7-day simple moving average at $15.61 and now faces resistance near the 30-day SMA of $1693.
The relative strength index (RSI) has also weakened to around 43, indicating waning momentum.
If the token closes below the $15.22 support level, analysts warn of a potential retest of the October low near $13.87.
Nevertheless, the long-term fundamentals appear stronger.
Chainlink continues to expand its role in decentralised finance infrastructure, most recently through the integration of Chainlink Data Streams and DataLink into the Injective EVM Mainnet.
The integration, unveiled on November 11, enables real-time, low-latency price feeds that support next-generation DeFi applications.
This integration reinforces Chainlink’s dominance in the oracle sector and enhances its value proposition beyond speculative trading.
At the time of writing, Chainlink (LINK) is trading around $15.50 with a market capitalisation exceeding $10.8 billion.
While the Chainlink (LINK) price outlook remains mixed in the short term, institutional demand could provide a meaningful tailwind if the Chainlink ETF is granted approval to the ETF.
