Western Union picks Solana for its stablecoin and crypto network

The recovery celebration that covered the cryptocurrency market quickly turned into nothingness as the major moves we witnessed yesterday turned into fakeouts that might lead to essentially nothing. 

Bitcoin's recovery chances

As the cryptocurrency hovers perilously near a possible bull trap, traders are on edge due to Bitcoin's recent recovery. Right at a crucial technical threshold, the biggest cryptocurrency in the world is displaying signs of exhaustion after bouncing back toward $115,000. This fakeout could have serious repercussions for the eagerly awaited run toward $100,000+. 

The 200-day moving average, which has historically been the boundary between bullish continuation and reversal, is now difficult for Bitcoin to maintain above despite the fact that it has risen above the 50-day moving average on the daily chart. After several unsuccessful attempts to break higher, price action shows hesitancy, but the RSI near 53 indicates neutrality, indicating neither bulls nor bears have complete control. Additionally, volume presents an unsettling image.  Chart by TradingView">

The buying pressure is still weak in comparison to earlier bullish expansions, even with the price push from the $108,000 region. The pattern may turn into a classic fakeout if Bitcoin is unable to recover and close decisively above $116,000-$118,000. This would trap late buyers and cause a correction back to the support zones of $110,000 or even $105,000. A failed breakout of this type is especially risky at this point in the market cycle. 

ETF inflows and improving macro sentiment have been major factors in Bitcoin's upward momentum since mid-October, but technical fatigue may now be catching up. In the event that the bullish narrative falters, liquidations may increase volatility on the downside. 

The fate of Bitcoin in the near future hinges on its capacity to hold above the short-term moving averages and decisively retake the $120,000 mark. If not, this rally runs the risk of being remembered as the fakeout that ruined the psychological route to six figures rather than the beginning of the next leg higher. 

Dogecoin's tricky position

Once again, Dogecoin finds itself at a risky technical juncture. Following a brief recovery that saw the price rise back above $0.20, the meme coin is currently up against increasing resistance from all of the major moving averages. If buyers are unable to hold the line, this situation could quickly turn into another big decline.

DOGE is having trouble below the 100-day EMA and the 200-day EMA on the daily chart. Both of these levels have turned into resistance following the sharp correction in October. The coin has stalled near $0.21, forming what appears to be a bearish continuation pattern after briefly dipping toward $0.17 before stabilizing.

This weakness is further supported by the RSI hovering around 45, which indicates that bulls are barely keeping the asset afloat. The consequences could be dire if DOGE is unable to overcome the resistance zone between $0.22 and $0.23. A bearish flag formation would be confirmed by a breakdown below $0.19, which might push the price back to the $0.16-$0.15 range and essentially erase the majority of its 2025 recovery.

Not only would this add a zero to Dogecoin’s price in historical terms, but it would also signal a further decline in investor trust in the token’s potential for speculation. Dogecoin’s technical resilience is, at best, tenuous due to its dependence on whale accumulation and social sentiment. Without a clear catalyst, such as a resurgence of interest in meme coins across the board or well-known endorsements, it is difficult to see DOGE maintaining its upward trajectory.

Simply put, Dogecoin is in a precarious situation. The asset’s next significant move could be painful if bulls are unable to regain control quickly. Prices could drop quickly enough to make the dreaded extra zero a sobering reality for long-term holders.

XRP under pressure

As price action tightens between important exponential moving averages (EMAs), XRP is entering a crucial technical phase. This is a classic volatility squeeze pattern that could soon blow up in either direction.

The asset is currently trading close to $2.67 and is displaying consolidation after a tumultuous few weeks that saw both a breakdown below the 200-day EMA (black line) and a quick recovery above it. This dynamic is rarely observed in the absence of a clear follow-up move.

The 50-day, 100-day and 200-day EMAs' convergence is currently the most noticeable aspect of XRP’s chart. By essentially keeping the price in a narrowing range between $2.60 and $2.78, this triple-layer compression is generating increasing pressure that will ultimately necessitate a resolution. Such EMA squeezes have historically caused XRP to react with high-magnitude breakouts, which frequently dictate the asset’s midterm direction for the coming weeks or months.

Momentum-wise, the RSI close to 55 indicates a neutral but improving bias, and daily trading volume indicates a slow reaccumulation after the sell-off in early October. The next targets for XRP would probably appear around $3.00 and $3.20, where previous descending trendlines intersect with volume peaks, if it were to close above the $2.78 resistance.

On the other hand, a breakdown below $2.55 might lead to fresh selling pressure and another test of the $2.30-$2.40 range. The takeaway for investors is straightforward: volatility is set to return, and XRP is coiling tightly. It will be decided in the next few sessions whether XRP enters a new uptrend or experiences another rejection from its multimonth descending structure, as the EMAs serve as both dynamic support and resistance.

The Solana decentralized finance (DeFi) ecosystem just gained another powerful addition with the launch of SolsticeFi. This innovative new platform is poised to introduce a much-needed layer of risk-controlled yield generation, directly addressing one of the primary concerns for users venturing into the safety of their deposited capital.

SolsticeFi is reimagining how investors earn on Solana by introducing a defensively engineered approach to yield, one that directly protects the value of user deposits. According to crypto commentator Madissa’s post on X, one of SolsticeFi’s most compelling features is its ability to allow users to continue earning staking rewards while keeping their assets liquid and usable across the broader DeFi ecosystem.

How SolsticeFi Balances Risk While Generating Yield

This innovation created continuous opportunities for user to deploy their capital in other protocols without interrupting their base yield, instead of locking up funds. SolsticeFi platform is designed to prioritize full transparency and validator diversification, minimizing exposure to single-validator risks and opaque yield platforms. Furthermore, depositing capital into SolsticeFi provides support for SOL’s network security while generating sustainable returns for users.

Related Reading: Solana Stays Strong: Network Outperforms Rivals Amid AWS Outage Turmoil

Crypto analyst Hokage has also mentioned how Solana is improving and completely revolutionizing financial transaction speeds in traditional finance (TraFi), where transfers take days, settlements drag, and middlemen slow everything down.

SOL has changed the game by creating a new block every 400 milliseconds, and currently, the central to this acceleration is Bam, the new block assembly marketplace. This Bam will speed up how quickly user transaction gets picked up and integrated into a block, and slash inclusion times to an astonishing 50-100 milliseconds. Building on this is Alpenglow, which takes finality down to an incredible 100-150 milliseconds faster than a blink, and the point where the network confirms the user transaction is 100% done and irreversible.

One project that stands out in these ultra-fast ecosystem steps is SolsticeFi’s USX, a stablecoin specifically built to move at that speed, which enables users to send dollars, deploy capital, and settle instantly. Hokage concluded that “while these advancements might sound like pure sci-fi, if you’ve been around the SOL ecosystem, you would know it’s not.”

Market Confidence Returns To Solana

While SolsticeFi provides speed and reduces risk to Solana yield platforms, KOLS Manager at Binance, investor, and trader BitGuru, has noted that SOL’s price is currently showing a strong bullish setup, after following a steady downtrend and now stabilizing near key support.

As a result of that action, the SOL market is now pulling back with considerable strength, aiming to break above the critical $210 resistance level, a zone that has capped multiple attempts at recovery. A decisive breakout above $210 would likely trigger SOL’s next leg higher toward $230 and beyond.

Dogecoin trading volume surges 62% as investors eye potential 60% rally

The Dogecoin price has staged a mild rebound as DOGE's daily trading volume jumps 62%.

• Renewed interest. Despite recent price declines, Dogecoin showed a notable surge in trading activity

Dogecoin demonstrated bullishness in a key metric, despite plummeting prices on the daily charts. According to CoinMarketCap data, Dogecoin's trading volume spiked 62%.

As of press time, the DOGE trading volume has surged to more than $2 billion, marking a 62% spike over the previous day. This increased trading volume demonstrates increased market activity for DOGE. 

• Bullish outlook. If DOGE holds its key support around $0.20, the heightened activity could pave the way for up to 60% gain.

This means investors are still interested in accumulating the top meme coin. Increased volume often indicates growing interest, potentially leading to sustained price upside. With key support around $0.20, analysts see 60% potential gains, possibly targeting $0.32. This prediction aligns with expectations of a positive October close this year. 

Aligning with the broader "Uptober trend," DOGE has traded in the green for four consecutive years, beginning in October 2021. According to Cryptorank data, DOGE registered gains of 37%, 105.8%, 9.84% and 41.4% in October 2021, 2022, 2023 and 2024, respectively. 

Shiba Inu in fragile setup after harsh October drop below $0.00001

SHIB slipped into the dreaded extra zero zone below $0.00001 SHIB this October.

• Price breakdown. October proved brutal for Shiba Inu , as the token briefly slipped below the critical $0.00001 psychological level.

October was a ruthless month for SHIB: for the first time in a long while, its price broke below the important psychological level of $0.00001 per coin, adding that nasty new zero to its quotes. The drop did not last long, but the damage was already done, and now the entire setup for the Shiba Inu coin can be characterized as fragile.

• Performance metrics. SHIB’s average October return at 0.26%, but the median return stands at -9.1%.

According to data from CryptoRank, the average return for SHIB in this month stands at 0.26%, which may seem optimistic under current market conditions. But a deeper look reveals an uglier picture: the median return, a more reliable metric, comes in at -9.1% over the last four years.

In 2021 and 2022, SHIB lost an average of 27% in November. Conversely, in 2023 and 2024, the price surged by an average of 27%. Still, the latter was imbalanced by 2024’s exceptional 48.8% gain, making it more of an outlier than a dependable trend.

trapped in tight range as market awaits breakout

XRP sits at 0.0000231 BTC, trapped in a razor-thin Bollinger Bands range.

• Current range bound. is trading at 0.0000231, locked in one of its narrowest ranges in months between 0.00002225 BTC and 0.0000235 BTC.

At 0.0000231 on the pair, the market is capped inside one of its tightest ranges in months. The current stretch runs from 0.00002225 BTC on the downside to 0.0000235 BTC on the upside.

Below 0.00002225 BTC, the structure breaks down and sellers take back control, putting October’s Crypto Black Friday levels back on the table. Above 0.0000235 BTC, the market finally clears a ceiling that has capped XRP for weeks, opening room for a major recovery.

• Technical outlook. Weekly Bollinger Bands highlight strong support at 0.00001955 BTC.

Weekly data reiterates the Bollinger Bands scenario. The last strong support sits at 0.00001955 BTC, and losing it would return the pair to price zones left behind in 2021. On the other side, reclaiming 0.00002452 BTC would tilt momentum back for altcoin bulls and raise the prospect of testing 0.000029 BTC, the upper boundary of the weekly range.

In an effort to increase the ways payments can be settled and money moved across the Visa network, the debit and credit card giant plans to support multiple stablecoins.

"We are adding support for four stablecoins, running on four unique blockchains, representing two currencies, that we can accept and convert to over 25 traditional fiat currencies," Visa's CEO Ryan McInerney said during a fourth-quarter earnings call on Tuesday.

Additionally, McInerney highlighted that "in Q4 stablecoin-linked Visa card spend quadrupled versus a year ago."

Like many other traditional financial institutions and payments companies, Visa sees increased potential for stablecoins, especially after the U.S. created regulatory certainty as it relates to USD-pegged tokens. While Visa has forged partnerships with crypto native firms in the past, in September, the company launched a pilot to test stablecoins for cross-border payments, providing businesses with a new way to transfer money abroad more quickly.

McInerney also said Tuesday that Visa has, since 2020, "facilitated over $140 billion in crypto and stablecoin flows." He added that included users leveraging Visa credentials to purchase more than $100 billion in crypto and stablecoin assets.

"We now have more than 130 stablecoin-linked card issuing programs in over 40 countries," McInerney said on the call.

Visa's CEO also noted that his company has started enabling banks to mint and burn their own stablecoins.

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The Cardano (ADA) price is flying under the radar amid growing accumulation by large-holders (“whales”) and a technical formation that traders seldom ignore, a symmetrical triangle.

With ADA currently trading around $0.66, after briefly reaching $0.69 earlier in the week, the stage appears set for a breakout, or a breakdown. Analysts suggest that if the bullish scenario prevails, ADA could target $1 and beyond, potentially even reaching $5 or more in a longer-term move.

Whale Accumulation Signals Long-Term Confidence

Despite short-term price softness, on-chain data reveal that wallets holding large quantities of ADA are steadily increasing their positions.

According to recent reports, wallets with 100,000 ADA tokens have been accumulating over the past six weeks, even while retail demand remains lukewarm. This accumulation is taking place as ADA forms a low-volatility consolidation, such behaviour often precedes major market moves.

The divergence is noteworthy. While Open Interest and spot cumulative volume delta (CVD) remain weak, signaling limited retail/speculator engagement, whales are quietly buying the dips.

Enthusiasm among large-holders suggests confidence in ADA’s fundamentals and plays into the bullish thesis that this accumulation could underpin a powerful move once the technical breakout triggers.

Symmetrical Triangle Breakout Offers Route to Major Upside

Technical analysts highlight that ADA has been trading within a symmetrical triangle pattern, a convergence of support and resistance trendlines, typically signalling a buildup of tension before a decisive move.

The crucial support near $0.61 and resistance roughly at $0.70–$0.75 mark the boundaries of this formation. A decisive breakout above the upper trendline could unlock a rally toward $0.80–$0.85, and potentially beyond $1.70 per some projections.

Conversely, a breakdown below the support would invalidate the bullish setup and could see ADA revisit $0.55 or lower. Given the whale accumulation underway, the bullish scenario currently seems favoured, but traders must still watch for confirmation.

Asset manager Bitwise says its Solana staking exchange-traded fund has tallied $55.4 million in trading volume on its debut trading day on Tuesday, alongside the launch of two other altcoin ETFs from Canary Capital.

The trading volumes on the Bitwise Solana Staking ETF (BSOL) were the largest out of all crypto ETFs launched in 2025, Bloomberg ETF analyst Eric Balchunas said on Tuesday, beating out the launches of XRP (XRP) and Solana (SOL) staking ETFs from REX Osprey.

BSOL attracted around $223 million in assets prior to launch, which Balchunas said signaled increasing institutional engagement and confidence in being exposed to staking, rewards for those who lock up cryptocurrency on the blockchain to validate transactions.