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.
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.
Cardano and Wirex launch an ADA card supporting 685+ crypto assets.
Users can earn up to 8% cashback and access DeFi features.
Non-custodial and RWA yield upgrades planned for 2026.
Cardano has taken a decisive step toward real-world utility with the launch of its first-ever ADA card, developed in partnership with global fintech firm Wirex and the blockchain’s commercial arm, EMURGO.
Unveiled during the 2025 Cardano Summit in Berlin, the new Cardano Card represents a major leap for ADA as it now becomes spendable in daily transactions across more than 130 countries.
Through its integration with Visa, which unveiled its tokenised digital asset platform in 2024, the card allows users to make purchases and withdrawals anywhere Visa is accepted, supporting over 685 cryptocurrencies, including ADA, BTC, ETH, and stablecoins such as USDC.
Built directly into the Wirex app, the card brings together crypto and fiat functionalities in one platform.
Users can spend their digital assets effortlessly while accessing features like crypto-backed loans, yield accounts, and structured trading products.
With up to 8% cashback on purchases and ATM access, the Cardano Card aims to redefine how holders use crypto in everyday life.
Bridging blockchain and traditional finance
For EMURGO and Wirex, this initiative represents a strategic move to connect blockchain technology with established financial systems.
The card’s rollout follows years of growing demand for products that make digital assets usable in the real economy.
According to industry reports, while there are more than 820 million crypto wallets globally, only a small fraction are used for payments.
And by offering a seamless, multi-chain solution backed by Visa’s global infrastructure, Cardano and Wirex are positioning ADA as a gateway for millions of users to access decentralised finance (DeFi) through familiar payment experiences.
Phillip Pon, CEO of EMURGO, described the project as “mobile-ready, fintech-friendly, and uniquely built for on-chain finance,” emphasising its potential to expand Cardano’s presence in the global fintech space.
Moving forward, EMURGO has outlined a multi-phase roadmap that includes a non-custodial version in 2026, allowing users full control over their assets.
Future updates will introduce features such as auto-staking, tokenised real-world asset yields (RWA), and enhanced DeFi integrations.
Importantly, a portion of the card’s profits will be redirected into the Cardano Treasury, reinforcing the ecosystem’s long-term sustainability.
Wirex, which has processed more than $20 billion in transactions and serves over six million users, sees the Cardano partnership as an expansion of its mission to connect the Web3 economy with the traditional financial world.
Georgy Sokolov, Wirex’s co-founder, said the partnership marks a turning point for the network, bringing “millions of users closer to a future where digital assets are seamlessly integrated into everyday financial life.”
The partnership between Wirex and EMURGO gives Cardano a powerful entry point into mainstream payments while offering users tangible incentives to use ADA in their everyday financial activities.
BTC is down 1% and is now trading below $104,300 per coin.
The bearish performance comes after Bitcoin failed to overcome the $107k resistance level.
Bitcoin dips below $105k despite strong start to the week
Bitcoin, the leading cryptocurrency by market cap, has underperformed over the last 24 hours despite a positive start to the week. The coin is now trading above $104,300 after failing to overcome a key resistance level on Monday.
It now risks dropping below $104k despite growing institutional demand.
According to SoSoValue, US-listed spot Bitcoin ETFs recorded a modest inflow of $1.15 million on Monday, ending the recent streak of withdrawals totaling $1.22 billion spanning over six days. If the inflow trend intensifies, it could serve as the momentum needed for BTC to extend its ongoing price recovery.
In addition to that, Glassnode reported on Monday that Bitcoin’s price action is beginning to stabilize, showing signs of a potential local bottom forming around the $100k support level.
In its report, Glassnode pointed out that the recovery towards the $106k resistance level suggests early signs of buyer re-engagement. Spot Bitcoin trading volume surged from $11.5 billion last week to $14.1 billion on Monday, suggesting strong investor participation and heightened liquidity.
BTC could dip below $104k if the bullish trend fails to build
The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has found support around the 50% Fibonacci retracement level of $100,353. The support was established on November 4 and could serve as the springboard for BTC to rally higher.
If Bitcoin’s daily candle closes above the 38.2% Fibonacci retracement at $106,453, it could rally higher and hit the 50-day Exponential Moving Average (EMA) at $110,041 in the near term.
The RSI of 58 on the 4-hour chart shows that the bullish momentum is gaining traction. The MACD lines also converged into the bullish zone, flashing a buy signal for traders.
However, if Bitcoin’s correction continues and the daily candle closes below $106,453, BTC could extend the decline toward the key support at $100,353.
