StonkFun ($STONK) Drops 16% as Correction Deepens and Network Activity Contracts
StonkFun’s native token $STONK has fallen 16% over the past 24 hours, paring weekly gains to just 12%. Daily trading volume has also contracted sharply, dropping to approximately $50 million from around $140 million.
Price Action Enters Correction Phase After All-Time High
After reaching an all-time high (ATH) of $0.35, $STONK entered a correction phase and has been trading within a descending trend channel. At press time, the token was changing hands 32% below the $0.25 level, which previously acted as a key support area.
Technical analysis identifies a bull flag formation—a continuation pattern that remains valid only if price breaks above the sloping resistance line and sustains above the 100-period Exponential Moving Average (EMA) at $0.15. Trading above the 100 EMA suggests the short-term trend retains a bullish bias.
Source: $STONK/USDT on TradingView
However, the Choppiness Index (CHOP) stands at 45.25 and is declining, signaling that the downtrend is gaining momentum even as price approaches a demand zone. If buyers re-enter the market with prior conviction, $STONK could breach the trendline resistance and target a new peak. Conversely, a loss of the $0.15 level would bring lower supports into focus, notably $0.10 and the initial demand zone near $0.02.
Launchpad Activity Decline Amplifies Pullback
Beyond the technical correction, a sharp drop in launchpad activity has weighed on price action. Futures volume declined from $544,000 to $366,000, while spot volume fell from $78,000 to $35,000 within hours. Sellers dominated both markets, accounting for 50.79% of futures flow and 74.18% of spot flow.
Source: CoinGlass
Decentralized exchange (DEX) volume mirrored the slowdown, sliding from $38.56 million to $21.62 million—a 44% decline in just four days. Weekly DEX volume also plunged from $186 million to $164 million.
Source: DefiLlama
Consequently, daily protocol fees have compressed from a high of $1.85 million to $588,000, a more than threefold decrease in one week, confirming that StonkFun’s network activity is weakening.
Revenue Efficiency Suggests Recovery Potential
Despite the downturn, StonkFun maintains a notable efficiency metric: its market capitalization is roughly one-tenth that of competitor PUMP, yet it generated 21% more revenue over the last seven days. This disparity hints that StonkFun could reclaim its early momentum by continuously reducing circulating supply through token burns funded by protocol revenue.
Summary
StonkFun fell over 16% as $STONK entered a correction phase after peaking at $0.35.
Declining spot and futures volume, DEX volume, and protocol fees amplified the pullback.
Key technical levels to watch are the 100 EMA at $0.15 (support) and the descending trendline (resistance).
Revenue generation remains strong relative to market cap, offering a fundamental catalyst for potential recovery.
Robinhood Markets (NASDAQ: HOOD) shares tumbled more than 6% on Tuesday as a broad-based selloff swept across U.S. equities, interrupting a recent rally that had lifted the stock above the $120 level.
HOOD Underperforms Broader Market Decline
The stock opened near $111.72 and slid to an intraday low of $105.86 before paring some losses. At the time of writing, HOOD traded around $107.02, down 6.39% on the session. The decline accelerated after an earlier 3.27% drop to $110.60.
Source: TradingView
Sector-Wide Weakness Weighs on Mega-Caps
The selloff was not isolated to Robinhood. Market heatmaps showed losses across technology, financials, retail, and consumer sectors. Major names including Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN) all declined in tandem.
Source: TradingView
However, HOOD’s 6.39% drop significantly exceeded the losses seen in most large-cap peers, suggesting that while the broader risk-off move played a significant role, stock-specific factors — likely profit-taking after the recent breach above $120 — amplified the decline.
Technical Levels to Watch for HOOD Recovery
From a technical perspective, the stock has surrendered much of its early September upward momentum. The Relative Strength Index (RSI) fell to 49.65, indicating balanced buying and selling pressure after a period of bullish momentum.
Key levels for the near term:
Immediate resistance: The $110–$114 zone. A sustained move back above this area would signal returning buyer interest.
Critical support: The $105 level. A break below this floor could open the door to a test of $100.
Bullish scenario: If $105 holds, the stock retains room for a rebound once broader market sentiment stabilizes.
Bottom Line
HOOD stock fell 6.39% to $107.02 as losses spread across the U.S. market. The $105 area provides immediate support, while the $110–$114 range could cap any near-term recovery attempt.
Cardano’s native token ADA extended its weekly decline on September 15, slipping roughly 3% over the past 24 hours to trade near $0.204. The drop deepens a seven-day loss exceeding 7%, according to CoinGecko data, despite the blockchain’s recent integration with the x402 payment standard.
ADA Price Action Remains Under Pressure
The token briefly recovered toward $0.214 earlier on Monday after trading above $0.22 on September 9, but the rebound was quickly sold into, leaving ADA just above the psychologically important $0.20 level. Since late August, a pattern of failed recoveries has taken hold: ADA traded above $0.24 in late August before sellers pushed it back toward $0.20, and an early September bounce stalled near $0.23, forming a series of lower highs.
Broader market headwinds have compounded the token’s struggles. Bitcoin has slipped below the $77,000–$77,500 region amid uncertainty surrounding the Federal Reserve’s policy outlook and the U.S. Senate’s CLARITY Act proceedings. Rising U.S. Treasury yields, driven by oil prices above $100 that have renewed inflation concerns, have created a difficult backdrop for risk assets across the board.
x402 Integration: Long-Term Potential, No Immediate Catalyst
Cardano’s integration with the x402 payment standard—a protocol that uses HTTP 402 to enable machine-to-machine payments without conventional accounts or checkout systems—gives developers a new framework for building automated payment applications, including for autonomous AI agents.
However, the integration does not require users or developers to purchase large amounts of ADA immediately. Its impact on token demand will depend on application adoption, rising transaction activity, and ADA capturing the utility demand generated by those applications. Price action over the past week shows buying pressure has remained weak despite the announcement.
Derivatives Positioning Adds Downside Risk
Leveraged positioning in ADA derivatives has created an additional source of selling pressure. A long-heavy market structure leaves leveraged traders exposed to spot price declines; liquidations can force position closures during a downturn, amplifying short-term selling momentum.
Technical Analysis: Key Levels and Indicators
Daily Chart: Downtrend Intact, Volume Profile Defines Zones
On the daily timeframe, the larger downtrend remains intact despite ADA’s recovery from the June low near $0.145. The token peaked around $0.245 in August but failed to reclaim the high-volume area between $0.245 and $0.25, where the Volume Profile shows one of the strongest concentrations of historical trading activity.
ADA/USDT 1-day price chart. Source: TradingView.
The Volume Profile identifies another major trading cluster around $0.17–$0.18. With ADA currently near $0.204, price is sandwiched between these two high-volume zones. A clean break below $0.20 would target the $0.18 area first, followed by the $0.17–$0.18 cluster. Losing that region could open the door to the June low zone near $0.145–$0.15.
Aroon readings on the daily chart favor sellers. Aroon Down sits near 50%, while Aroon Up has dropped to approximately 7.1%, indicating the asset has not made a recent high strong enough to establish an active uptrend. A move back above $0.22 would begin to shift the recent price structure, though the larger resistance zone remains anchored around $0.24–$0.25.
On the 4-hour chart, ADA trades near $0.2046 and remains below the Supertrend resistance at roughly $0.2167. The latest rebound briefly pierced $0.21 but failed to hold, keeping the Supertrend in a bearish configuration.
ADA/USDT 4-hour price chart. Source: TradingView.
To regain bullish momentum, ADA would need to reclaim the $0.2167 Supertrend level and then clear the recent $0.22–$0.23 highs before the $0.24–$0.25 resistance zone comes back into play.
Chaikin Money Flow (CMF) on the 4-hour chart has fallen to approximately -0.21, moving further below zero as price returned toward $0.20. The negative reading confirms that selling pressure has outweighed buying pressure over the indicator’s lookback period. A recovery of CMF above zero, coinciding with a break above $0.2167, would provide stronger confirmation that buyers are returning.
Downside and Upside Scenarios
For the downside, $0.20 remains the immediate level to watch. A decisive break below it would expose roughly $0.19 before the $0.17–$0.18 volume cluster. Conversely, holding $0.20 and reclaiming the 4-hour Supertrend near $0.2167 would put $0.23 in view, followed by the much stronger $0.24–$0.25 resistance area.
Ethereum Price Drops 2.7% to $2,446 Amid Pre-Vote Caution
Ethereum (ETH) fell 2.7% to $2,446 on Tuesday, September 15, extending its pullback from the $2,500 resistance zone. The decline came as traders braced for a pivotal U.S. Senate vote on the CLARITY Act, with broader crypto market caution weighing on sentiment.
Session Price Action and Key Levels
ETH opened the session at $2,515, touching an intraday high of $2,519 before selling pressure pushed the price down to a low of $2,431. The move briefly pierced the closely watched $2,434 support level, though buyers quickly stepped in to lift the price back above that threshold by the close.
Earlier in the day, ETH had already slipped 1.07% to $2,492, signaling persistent selling interest. Volume reached 81,970 ETH, notably lighter than the levels seen during the August rally.
Macro Catalyst: CLARITY Act Senate Vote
Investors exercised caution ahead of Tuesday’s critical U.S. Senate vote that could determine whether the CLARITY Act advances to formal debate. The legislation, aimed at providing regulatory clarity for digital assets, requires sufficient senator endorsements to proceed.
Bitcoin also declined ahead of the vote, indicating the Ethereum drop was part of a broader risk-off move across the crypto market rather than an isolated ETH-specific event.
Technical Analysis: Has $2,434 Support Held?
The intraday dip to $2,431 briefly broke below the key $2,434 support, but the recovery to $2,446 suggests buyers defended the area during the session. A brief breach does not confirm a breakdown; the daily close will determine whether the level holds.
According to TradingView data, the momentum oscillator stood at 54, placing ETH in neutral territory — not at an extreme that would typically signal an imminent short-term rebound.
Despite the near-term decline, Ethereum continues to trade above its long-term moving averages, meaning the broader recovery from the June lows remains structurally intact.
Next Levels to Watch
Downside: A daily close below $2,434 with follow-through selling could shift focus to the $2,385 support zone.
Upside: A recovery above $2,500 would ease immediate pressure, while a sustained move above $2,520 would signal buyers have regained control.
Summary
ETH down 2.7% to $2,446.
Briefly traded below key $2,434 support.
Close below $2,434 risks a move toward $2,385.
$2,500 remains the first recovery hurdle; $2,520 would confirm buyer strength.
Dogecoin ($DOGE) has remained in a retracement phase over the past three weeks, with the price correction showing no immediate signs of ending. The decline mirrors broader weakness across the memecoin sector, where the top ten assets by market capitalization all traded in negative territory over the last 24 hours.
Spot Whale Accumulation Intensifies at Discounted Levels
On-chain data reveals that large holders are using the pullback to increase positions. The number of $DOGE tokens held by whales rose from 18.72 billion to approximately 19 billion over the past week. According to crypto analyst Ali Martinez, spot holders purchased over 240 million $DOGE tokens worth more than $20 million during this period.
Source: Ali Martinez/X
While this accumulation signals growing confidence ahead of a potential rebound, analysts caution that buying activity alone does not guarantee immediate price appreciation. The current price action reflects a market awaiting exhaustion of selling pressure before a directional move.
Technical Outlook: 0.618 Fibonacci Level Tested as Key Support
On the 4-hour chart, Dogecoin is trading near the 0.618 Fibonacci retracement level, measured from the prior rally between $0.07 and $0.10. Bulls are encountering resistance at $0.085, which aligns with the 50% retracement level. The lower boundary of the recent sideways range sits at $0.082, identified as the most recent demand zone that previously propelled price to $0.095.
Source: $DOGE/USDT on TradingView
Maintaining support above $0.080 and clearing the $0.085 resistance would reopen the path toward $0.10. However, market structure remains mildly bearish. A decisive break below $0.080 would reinforce downside risks. Supporting this view, the Bull Bear Power (BBP) indicator flashed red at press time, while the Relative Strength Index (RSI) at 40 remains 10 points above oversold territory, suggesting selling pressure has not yet fully exhausted.
Derivative Data Reveals Profit-Taking and Leveraged Unwinding
Data from CryptoQuant shows that large whales have dominated the Futures Average Order Size since $DOGE reached $0.10 on August 22, indicating profit-taking by major holders following the rally. Further analysis of the Futures Taker Cumulative Volume Delta (CVD) confirms that sellers have been the dominant force in derivatives markets.
Source: CryptoQuant
Compounding the bearish signals, Open Interest (OI) has declined across major exchanges including Binance, OKX, Bybit, KuCoin, and Gate. On KuCoin Futures alone, $DOGE open interest fell by 5%, according to CoinGlass data. The combination of leveraged profit-taking, declining OI, and persistent derivative selling explains why prices continue to fall despite notable spot accumulation by whales.
Summary
Whales accumulated over 240 million $DOGE in the past week during the correction.
$DOGE is testing the 0.618 Fibonacci retracement level, a historically significant bounce zone.
Technical indicators show selling pressure remains unexhausted, with RSI at 40 and BBP negative.
Futures data points to large-holder profit-taking and broad-based Open Interest decline as primary drivers of the downtrend.
Bitcoin Recovers 3% to $79,143 as Trump Signals Iran Diplomacy, but Geopolitical Risks Persist
Bitcoin ($BTC) climbed approximately 3% to $79,143 on Monday after briefly touching $79,325, buoyed by comments from U.S. President Donald Trump suggesting Iran wants to reach a deal with Washington. The recovery comes despite conflicting statements from Tehran and ongoing military tensions that continue to pressure energy markets.
Trump Comments Spark Risk-On Sentiment
Bitcoin’s rebound accelerated after President Trump posted on Truth Social that Tehran was eager for an agreement.
“The failing Nation of Iran wants to make a deal, quickly and badly,”
Trump wrote. He added that he would decide whether the United States engages with Tehran, though he said Washington was open to the idea. The remarks introduced the possibility of renewed talks after months of military exchanges and repeated failures to secure a lasting agreement.
During the recovery, Bitcoin first moved above $78,000 and reached $78,940 before extending gains. A daily Binance chart on TradingView showed BTC opening at $76,842, dipping to $76,388, and later peaking at $79,325. The asset traded near $79,143 at the time of capture, representing a 3% daily gain.
U.S. equities mirrored the cryptocurrency’s move. Approximately $570 billion returned to stocks within three hours after the session had earlier erased more than $600 billion. Technology shares had faced additional pressure after executives from artificial intelligence companies called for slower development to address safety risks, adding another layer of uncertainty for a sector that has driven much of the recent U.S. equity rally.
However, Iranian state media rejected Trump’s claim that Tehran was seeking a quick agreement, leaving the market without confirmation from both governments. LiveSquawk separately cited Iran’s ILNA news agency as saying the United States had sought a “phased” agreement, based on information attributed to a Pakistani source. The report did not establish that Washington and Tehran had accepted final terms.
Oil Above $100 Keeps U.S.-Iran Risk Active
The diplomatic dispute unfolds as attacks involving Iran-aligned forces continue to pressure oil production and shipping routes.
According to Reuters, Yemen’s Iran-aligned Houthis launched missiles and drones at a military airbase in Khamis Mushait, Saudi Arabia. The group said it targeted aircraft hangars, radar equipment, runways, and ammunition storage sites in response to Saudi strikes in Yemen.
In a separate attack, which Riyadh blamed on Iran-backed fighters in Iraq, Saudi Arabia’s east-west pipeline was taken offline. The route allows oil exports to bypass the Strait of Hormuz, making it critical while traffic through the strait remains restricted.
Traders told Reuters that an extended pipeline closure could affect as much as 4% of global oil supply. Brent crude rose more than 4% after the weekend before paring gains following Trump’s comments. It later traded near $106 per barrel, while U.S. crude remained above $100.
For American consumers, Reuters reported that the average retail diesel price had reached a record above $6.23 per gallon. Sustained energy costs could feed inflation and complicate the Federal Reserve’s interest-rate decisions, creating a direct link between the conflict and the conditions facing U.S. Bitcoin investors.
As crypto.news previously reported, Bitfinex analysts identified energy costs and real Treasury yields as restraints on Bitcoin. The analysts said an oil shock could keep inflation expectations elevated, while tighter monetary policy would reduce liquidity without resolving the loss of energy supply.
Oman had planned to host Iranian and Gulf officials for discussions over the future operation of the Strait of Hormuz. Foreign Minister Sayyid Badr Albusaidi postponed the meeting “in the interests of consensus,” without announcing a replacement date. Iran said Saudi Arabia had requested the delay. Tehran also published a list of 77 vessels it said had breached its operating rules in the strait, warning that future violations could lead to fines, detention, or confiscation.
Bitcoin Faces Technical Resistance Near $80,000
Technical readings show Bitcoin has returned above the center of its daily Bollinger Bands but has not cleared the upper boundary.
Bollinger Band midpoint: ~$78,521
Upper band: ~$81,035
Lower band: ~$76,008
BTC’s move above the midpoint gives buyers control of the immediate range, although the upper band and recent highs create resistance between $80,000 and $81,035.
A one-week CoinGlass liquidation heatmap shows the largest nearby concentration of leveraged positions just below $80,000. The brightest band appears around $79,900 to $80,000, making the area a possible target if buyers extend the advance.
Bitcoin liquidation heatmap | Source: CoinGlass
Several smaller liquidation pools sit between roughly $80,200 and $80,700. A clean move through that region would bring the Bollinger Band ceiling near $81,035 into focus, followed by the larger $82,000 area identified in recent Bitfinex analysis.
Momentum Signals Remain Mixed
Momentum remains less certain. The daily MACD line stood near 1,579, below its signal line around 2,211, while the histogram had fallen to approximately minus 631. Both MACD lines remained above zero, but the bearish crossover and red histogram bars showed that momentum had weakened after Bitcoin’s sharp August rally.
Price action has also remained uneven since BTC first moved above $80,000. Buyers have defended pullbacks toward the mid-$76,000 area, yet several attempts to hold above $81,000 have failed. The current move has returned Bitcoin to the upper half of that range without confirming a breakout.
Key Support Levels to Watch
On the downside, the Bollinger midpoint near $78,521 forms the first technical support. Losing it would expose the $77,500 to $78,000 region, where the heatmap shows a series of smaller leveraged clusters.
The largest lower liquidity concentration sits around $76,000, close to the daily lower Bollinger Band. A sustained break below that zone could expose another pool near $75,000 to $75,400.
Fed Policy Adds Another Test for U.S. Investors
The Iran conflict is not the only event capable of disrupting Bitcoin’s recovery. The Federal Reserve meets on Sept. 15 and 16, with its policy statement, updated economic projections, and Chair Kevin Warsh’s press conference due on Wednesday.
Markets had priced an 87% probability of a quarter-point increase before the meeting. Such a decision would move the federal funds target range from 3.50%–3.75% to 3.75%–4.00%.
Bitfinex analysts said the Fed’s projections could matter more for Bitcoin than the rate announcement itself because they will show whether officials expect one increase or a longer series of moves. Higher Treasury yields can raise the return available from government securities, increasing competition for capital held in non-yielding assets such as Bitcoin.
U.S.-listed spot Bitcoin exchange-traded funds provide another measure of demand from American investors. The products attracted $986.7 million during the week ending Sept. 4, after taking in $924.5 million the previous week. Three consecutive positive weeks brought the combined inflow to about $3.8 billion.
Fed policy, oil prices, and developments around the Strait of Hormuz will now overlap with the liquidation levels visible on the Bitcoin chart. The Federal Reserve is scheduled to release its decision on Wednesday afternoon, followed by Warsh’s press conference and the central bank’s updated economic projections.
A pivotal week is unfolding for Bitcoin and the broader cryptocurrency market, with a convergence of major financial events and key technical setups drawing intense trader focus. The calendar kicks off on September 15 with the highly anticipated Clarity Act vote, followed by the Federal Reserve’s interest rate decision on Wednesday. Against this macroeconomic backdrop, prominent cryptocurrency analyst Ali Martinez has issued updated technical analyses for Ethereum (ETH), XRP, and Sui (SUI), highlighting specific price levels and chart patterns that could dictate near-term market direction.
Ethereum Eyes $3,000 on Ascending Triangle Breakout
Martinez has identified a developing ascending triangle formation on the Ethereum 12-hour chart. According to his analysis, a decisive break above the pattern’s upper resistance zone could trigger a significant upward leg. The analyst draws a historical parallel, noting that ETH previously surged approximately 31 percent in just three days following a breakout from a similar structure. Should history rhyme, Martinez projects a measured move targeting the psychological $3,000 resistance level.
SUI Flashes Potential Reversal Signal at Key Support
For Sui, the TD Sequential indicator on the 12-hour timeframe has presented a new signal, which the analyst suggests could indicate a possible trend reversal. This signal materialized after SUI pulled back to the critical $0.70–$0.72 support zone. However, Martinez cautions that this single indicator does not, by itself, confirm the establishment of a new uptrend, urging traders to seek additional confirmation before committing capital.
XRP Consolidates Ahead of Potential Triangle Apex Breakout
Martinez also highlighted a significant technical formation for XRP. In a recent post, he outlined a scenario where the asset holds above the $1.31–$1.35 support zone. If this floor remains intact, the price action could compress toward the apex of the prevailing triangle formation. The analyst identifies $1.38 as the crucial resistance level to watch. A strong breakout above this threshold would strengthen the bullish case, potentially clearing a path for a rally toward the $1.60 region. Martinez notes that while he expects price to migrate toward the triangle’s peak if support holds, no specific ultimate price target was provided in the analysis.
Disclaimer: This content is for informational purposes only and does not constitute investment advice.
Lighter ($LIT) Stages Trend Reversal, Surging 11% on Volume Spike and CLARITY Act Optimism
Lighter ($LIT) appears to have found a local bottom after five consecutive days of declines, touching a low of $4.00 before mounting a sharp recovery. The altcoin surged 11% to a local high of $4.68 before settling near $4.55 at the time of writing, signaling a potential trend reversal.
Volume Surge Confirms Buying Pressure
The upside move was underpinned by a 52% spike in trading volume, which climbed to $75 million. Turnover also jumped significantly, rising by over $9 million to reach $37 million, according to data from Coinank. The simultaneous rise in volume and turnover points to strong buying pressure rather than short-covering alone.
CLARITY Act Developments Fuel Renewed Demand
Market sentiment received a boost from growing social chatter surrounding the CLARITY Act. Analyst Andy highlighted that Lighter stands to benefit from recent legislative developments, noting that Vlad’s presence on the CFTC innovation advisory committee positions the protocol favorably as clearer digital asset rules take shape. The market interprets this regulatory involvement as a strategic advantage for Lighter.
Whales and Retail Traders Return Aggressively
On-chain data reveals participation from both large holders and retail speculators. Arkham Intelligence shows a whale address withdrawing 500,000 $LIT—worth approximately $2.07 million—from the Lighter protocol during the rally. The accumulation amid rising prices suggests confidence in further upside.
Derivatives activity corroborates the bullish tilt. Open Interest surged 13% to $512 million, while derivatives volume exploded 127%, per CoinGlass. The sharp rise in Open Interest alongside heavy volume indicates aggressive new position opening. The Long/Short Ratio on Binance reached 2.8, signaling that the majority of these new positions are long-biased.
Technical Indicators Flash Early Bullish Signals
On the technical front, $LIT has reclaimed both the 9-day and 21-day moving averages, reflecting renewed short-term bullish momentum. The Stochastic RSI formed a bullish crossover and climbed to 9, suggesting buyers are beginning to outpace sellers.
However, the Stochastic RSI reading of 9 also serves as a caution: buyers have not yet fully seized control. The upward trajectory does indicate shifting power dynamics, but confirmation is needed.
Key Level to Watch: $4.40 Close Above Short-Term MA
For the uptrend to sustain and target a reclaim of $5.00, $LIT must secure a daily close above its short-term moving average near $4.40. A failure to hold this level could see the reversal stall and price drift back toward recent lows.
Summary
Price Action: $LIT reversed a five-day downtrend, rallying 11% to $4.68 before retracing to ~$4.55.
Volume: Spot volume jumped 52% to $75M; turnover rose $9M+ to $37M (Coinank).
Catalyst: CLARITY Act progress and Vlad’s CFTC advisory role viewed as regulatory tailwinds.
Cardano Price Holds $0.20 Support Amid Bitcoin Volatility, Faces Key Resistance at $0.26-$0.28
Cardano ($ADA) has gained 2.42% over the past 24 hours, accompanied by a 2.5% rise in Open Interest, signaling renewed derivatives activity. The altcoin is up 17.7% over the past month, outperforming many peers despite Bitcoin ($BTC) slipping back below the $80,000 mark after a brief rally above it.
On the weekly chart, $ADA has climbed above the 20-week Moving Average at $0.198 and flipped it into support. However, the price remains trapped below a critical $0.26–$0.28 supply zone that has capped advances since May. The $0.2887 swing high from May must be decisively breached to confirm a sustainable long-term uptrend.
Despite the monthly gains, the Chaikin Money Flow (CMF) on the weekly timeframe reads -0.10, indicating capital outflows and fading buying pressure over the past week. This divergence between price strength and money flow warrants caution for longer-term holders.
Swing Structure and Short-Term Outlook
The market structure turned bullish in June when price broke above the prior lower high at $0.1849. Since then, $ADA has held above the 50-day moving average, maintaining a bullish bias on the daily timeframe. Yet, the asset has failed to print a new high above $0.258 over the last two weeks, stalling at the May supply zone.
Trading Levels to Watch
Upside target: A break above $0.26–$0.28 could trigger the next leg higher, with $0.2887 as the key level to flip for trend confirmation.
Profit-taking zone: Swing traders may consider scaling out near $0.26, where resistance has repeatedly rejected price.
Invalidation level: A daily close below $0.20 would signal a bearish shift and undermine the recent recovery narrative.
Long-term opportunity: If $0.28 flips to support, it may present a higher-timeframe buy zone for positional investors.
Summary
Cardano shows strong recent momentum but faces a pivotal supply zone that has halted progress twice. While the weekly structure remains constructive above the 20-week MA, declining CMF readings suggest waning capital inflows. Traders should monitor the $0.26–$0.28 region closely — a clean break could unlock the next rally, while failure may lead to a retest of $0.20 support.
Bitcoin Price Analysis: Key Support Trendline Holds $61,500 Downside Target for Late 2026
Bitcoin (BTC) could decline to $61,500 by the end of October 2026 if a critical support trendline fails, according to a technical analysis published by TradingShot on September 11. The bearish outlook draws parallels to chart patterns that preceded Bitcoin’s two largest sell-offs earlier this year.
Repeated 50-Week MA Rejection Forms Bearish Arc Pattern
The analyst noted that Bitcoin has been rejected by its 50-week moving average (MA) for three consecutive weeks. This repeated rejection has generated bearish momentum and formed an arc pattern that closely resembles the structures preceding the January and May 2026 market tops.
The May peak is highlighted as particularly relevant because Bitcoin was rejected at the 200-day MA — a situation analogous to the current rejection at the 50-week MA. Both earlier patterns were followed by sharp corrections.
Bitcoin price analysis chart. Source: TradingView
Higher-Lows Trendline Break Could Confirm New Bearish Leg
Traders should closely monitor Bitcoin’s higher-lows trendline, which has acted as critical support during the current recovery phase. The analysis indicates that in both January and May, a breakdown below this trendline triggered aggressive selling pressure and accelerated Bitcoin’s decline. A similar breakdown now would likely confirm a new bearish leg for the market.
Adding to the bearish case, the daily Relative Strength Index (RSI) structure closely mirrors the formations that developed before the previous two corrections, reinforcing the possibility of another downside move.
$61,500 Target Based on 3.5 Fibonacci Extension
If the higher-lows trendline breaks, the expert expects Bitcoin to decline toward the 3.5 Fibonacci extension level at $61,500. This bearish target is derived from Bitcoin’s previous two major corrections in 2026, both of which bottomed at the 3.5 Fibonacci extension while the daily RSI dropped to 15.80. The analyst noted that a similar RSI reading could signal another market bottom.
Bearish Invalidation and Key Support Levels
The bearish outlook would be invalidated if Bitcoin closes a weekly candle above the 50-week MA. The analyst also highlighted the 250-week MA as a key support level after it held the July 1 low. A breakout above the 50-week MA could potentially confirm a new bull cycle.
Short-Term Outlook: Consolidation With $78,000 as Key Resistance
Separately, market analyst Michaël van de Poppe maintained a more constructive short-term outlook in an X post on September 14, noting that Bitcoin remains in a consolidation phase.
Nothing has changed on #Bitcoin as it’s still consolidating here.I’d much rather want to see that we’re breaking through $78,000 as that would trigger strength on #Altcoins.The crucial one, if that breaks, we’re likely running towards new highs in the upcoming weeks. pic.twitter.com/XT7E0LqprY
— Michaël van de Poppe (@CryptoMichNL) September 14, 2026
According to his analysis, the key level to watch is $78,000. A breakout above that resistance could strengthen momentum across the broader cryptocurrency market, particularly altcoins. The analyst suggested that clearing $78,000 would increase the likelihood of Bitcoin advancing toward new highs in the coming weeks.
Meanwhile, as of press time, Bitcoin was trading at $78,013, up about 1.7% over the past 24 hours. On the weekly chart, the cryptocurrency remained down 1.5%.
