cryptonewswithjack

The current #XRP downtrend targets a retest of the $1.20 level, but the weekly Ichimoku Cloud shows strong support above this area.
XRP bears have regained control after the token failed to hold the $1.50 level following a brief move to $1.53. The decline also comes as the broader crypto market faces strong selling pressure, with more than $690 million in total liquidations over the past 24 hours.
XRP Faces a Retest of Its Broken Channel
XRP now trades around $1.4292, down nearly 6% over the past week. About two months ago, the asset broke above a descending channel that had limited its recovery for several months. The breakout led to a move that took XRP to $1.70 in August before sellers stepped in and pushed the price lower.
Since that peak, XRP has gone through several smaller rallies and pullbacks. Each recovery has struggled to regain the ground lost during the previous decline. The latest move now pushes toward a possible retest of the upper trendline of the broken channel, which currently sits around $1.20.
At $1.4292, XRP remains more than $0.22 above the trendline. This means the token still has several support levels to break before it reaches $1.20. However, the weekly chart shows that these levels could face growing pressure if sellers remain in control, as the Ichimoku Cloud shows the main areas bulls need to protect.
XRP Ichimoku Cloud Shows Resistance Ahead
The weekly Ichimoku Cloud gives XRP a bearish outlook. Looking toward the 2027 horizon, the Kumo turns pink and red as Senkou Span B moves above Senkou Span A, which creates a bearish cloud structure.
The cloud also indicates a major resistance area above XRP. This zone starts around $1.90 and stretches toward $2.50. XRP would need to break through this entire area before the broader trend could shift more clearly in favor of buyers.
For now, this resistance remains well above XRP’s current price. The more immediate concern for bulls is holding the support levels below $1.43 before they can focus on another recovery toward higher levels.
Senkou Span A Now the First Key Support
Senkou Span A currently stands at $1.4292, almost exactly matching XRP’s current price. This puts XRP directly at one of the most important support levels on the weekly chart.
Senkou Span A comes from the midpoint of the Tenkan-sen and Kijun-sen and then projects 26 periods into the future. On the weekly chart, the calculation uses more than six months of price data, which makes the $1.4292 level an important reference for the current trend.
A decisive weekly close below $1.4292 would show that sellers have broken through this first layer of support. XRP could then move toward the next support area, increasing the risk of a deeper decline toward the $1.20 channel trendline.
Three XRP Ichimoku Levels Converge at $1.34
If XRP falls below Senkou Span A, the next major support sits at $1.3426. The Tenkan-sen, Kijun-sen, and Senkou Span B all currently meet at this same price, and this creates a strong support cluster.
The Tenkan-sen, or Conversion Line, tracks the midpoint of the previous nine weekly candles and reflects shorter-term price momentum. The Kijun-sen, or Base Line, uses 26 periods and gives a wider view of the medium-term trend. Both currently hold at $1.3426.
Senkou Span B also sits at $1.3426. Unlike the Tenkan-sen and Kijun-sen, Span B uses 52 periods and projects its reading 26 weeks ahead. As a result, it reflects nearly a full year of weekly price history.
A weekly close below $1.3426 would mark a more serious break in XRP’s structure. Such a move could send the price toward the $1.20 channel trendline. On the other hand, holding above $1.3426 would give bulls a base from which they could try to start another recovery.
XRP RSI Shows Momentum Is Losing Strength
XRP’s weekly Relative Strength Index also shows weaker momentum. The RSI currently stands at 52.20, keeping it just above the neutral 50 level, but the indicator continues to move lower.
The RSI signal line sits at 44.76. If the main RSI continues to fall, it could cross below the signal line and add to the bearish pressure. While an RSI above 50 generally shows a bullish momentum reading, the falling trend shows that buyers are losing some of their advantage.
A move below 50 would provide another warning that sellers are gaining control. If the RSI then falls toward the oversold area near 30, it would point to a much deeper decline in weekly momentum.
#CryptonewswithJack

Amid the ongoing crypto market correction, Chainlink, Solana, and Cardano may be on the verge of major breakdowns.
The crypto market has entered a deep correction, with losses spreading across most major assets. Over the past 24 hours, traders have lost $362 million in long positions, compared with $55 million in short positions. This shows that bullish traders have taken most of the losses during the latest market decline.
Amid the sell-off, market analyst Ali Martinez has mentioned three crypto assets that could face further losses based on their current chart setups. Chainlink (LINK), Cardano (ADA), and Solana (SOL) are all showing signs of weakness, with each asset facing a key technical level that could determine its next move.
Chainlink Breaks Below Head-and-Shoulders Neckline
Chainlink appears to face the biggest downside risk among the three assets. Its four-hour chart shows a head-and-shoulders pattern, and LINK has now fallen below the pattern’s neckline.
The left shoulder formed after Chainlink climbed from $13.49 on Sept. 25 to $14.48 by Sept. 26. The price then fell back to $13.50 by Sept. 28. The head formed as LINK recovered from $13.50 to a local high of $15.76 before falling to $13.30 on Oct. 2, 2026.
The right shoulder formed when Chainlink recovered to $14.30 before falling again to $13.30. LINK now trades at $13.39, below the pattern’s $13.50 neckline. If the price stays below $13.56, the structure points to $12.39. A further decline could then bring $11.98 into focus as the next level to watch.
Cardano Faces Rejection at Channel Top
Cardano is also showing signs of weakness after facing rejection at the top of an ascending channel on its daily chart.
The ascending channel started forming in June 2026, when ADA traded between lows of $1.38 and highs of $1.78. The structure continued into October, with prices eventually moving above $0.27. ADA then climbed above $0.28 by Oct. 6 as buyers tried to push the price above the channel’s upper trendline.
However, Cardano failed to hold this move and faced a rejection at the upper trendline. The rejection also came as the broader crypto market moved lower. If the rejection continues to hold, ADA could fall toward the channel’s lower boundary near $0.21.
Solana Breaks Four-Hour Channel Support
Meanwhile, Solana has also lost an important support level on its four-hour chart. SOL moved into a parallel channel in late September, with the upper trendline at $124 and the lower trendline at $116.
Solana stayed inside the channel from late September into early October. The recent market decline, however, pushed SOL below the lower trendline at $116, ending the price movement within that range.
A four-hour close below $117 confirms the breakdown and puts $114 in focus. If SOL also loses $114, the next downside level could be $111.
#CryptonewswithJack

As the market continues to recover, analyst Ali Martinez has mentioned three coins that could break out this week,
XRP, Quant (QNT), and Injective (INJ): Notably, the three assets show different bullish structures, with XRP testing a major triangle breakout level, Quant attempting to extend a historic monthly rally, and Injective retesting a cup and handle pattern.
XRP Moves Above Descending Triangle
XRP has moved above a key four-hour descending resistance line, with the next test being whether price can hold the breakout and turn former resistance into support.
Chart data shows that XRP entered the descending triangle after falling from $1.6569 on Sept. 23. The pattern developed as the price continued to move lower, with XRP making two attempts to break above its upper resistance trendline.
The first attempt came on Sept. 25, when XRP climbed to $1.6288. However, resistance at this level stopped the move and sent the price lower. XRP later recovered and made another attempt, reaching $1.5533 on Oct. 2, but the resistance again forced a pullback.
The next recovery pushed XRP back toward the upper resistance line. The price reached $1.49 on Oct. 4 and then broke above the trendline, taking XRP out of the multi-week descending triangle. XRP has since moved above $1.50 and currently trades at $1.5036.
A pullback could now send XRP back to test the breakout level. The key point is whether XRP can hold $1.50 as support during that retest. If the level holds, the next target could come at $1.62.
Quant Looks to Extend Its Huge September Gain
Quant also enters the week after a very strong September. Notably, QNT jumped 369% last month, rising from $61.21 to $286.84. The move marked Quant’s strongest monthly gain on record, beating the previous 301% gain from June 2019.
QNT has, however, started to give back some of those gains in October. The token is down 10.7% this month and currently trades at $256. The recent decline leaves the market watching to see whether Quant can regain its upward momentum.
The $262 level is now the important level on the chart. An hourly close above $262 would confirm the breakout setup and could put $315 in focus. If the move continues, the next target would be $344.
Injective Retests Key $7.33 Level
Injective has also produced a bullish setup after appearing to break out of a cup-and-handle pattern. INJ is now retesting the neckline near $7.33, making that level important for the next move.
The cup started forming after Injective fell from $7.9 in November 2025. This decline continued until INJ reached $2.7 in April 2026. The token then recovered and climbed to $7.2 by June 2026, completing the cup.
Meanwhile, the handle formed as INJ fell from the $7.2 high to lows around $3.9. The token then recovered and reached its current price of $7.5. The latest move has brought INJ back toward the $7.33 neckline after the apparent breakout.
Buyers now need to defend $7.33 for the bullish setup to remain intact. If they hold the level and buying momentum increases, the pattern suggests a potential target of $13.40.
#CryptonewswithJack

$BTC 🚀 BITCOIN (BTC) NEXT BULL RUN: Are You Ready for the Big Move? 💎📊
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inancial Sovereignty: Decentralization continues to prove its value worldwide.
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#Bitcoin #BTC #Crypto #BinanceSquare #CryptoTrading #Bullish #Altcoins #CryptonewswithJack

VirtualBacon founder Dennis Liu has pushed back against claims that Cardano is dead, arguing that ADA could potentially triple from its current level.
In a recent commentary, Liu maintained that Cardano still has room for significant gains. Although he does not expect ADA to outperform most other cryptocurrencies this cycle, he pointed to Bitcoin’s potential for another major move as a reason to remain optimistic about the asset.
Liu Sees 3X Potential for ADA
Liu argued that Bitcoin still has at least another 2X move ahead and suggested that ADA could potentially deliver an even larger percentage gain.
“I don’t think it beats most coins this cycle, but Bitcoin still has at least a double left to run, and I see no reason ADA can’t at least triple,” Liu remarked.
At the time of his commentary, ADA was trading at around $0.2437. Therefore, a 3X increase from that level would place the token at $0.7311.
Such a move would represent a significant recovery for ADA. The token last traded around the $0.73 area in October 2025, meaning a return to that level would take ADA back to a price range it has not revisited in several months.
Experts Dismiss Cardano’s “Dead Blockchain” Narrative
Liu’s comments come as Cardano continues to face criticism over its price performance and network adoption.
ADA has fallen substantially from its $3.10 all-time high, leaving the cryptocurrency in roughly the $0.20–$0.25 range. As a result, skeptics have used its prolonged decline to question whether Cardano can regain its previous market relevance.
Critics have also highlighted Cardano’s transaction activity compared with competing networks. Cardano has processed around 124 million transactions, while Ethereum and Solana have recorded transaction counts in the billions.
However, Cardano supporters continue to reject the dead blockchain narrative. DexHunter, for instance, has previously argued that the network and token remain active. Similarly, market analyst Eric Van Tassel has suggested that ADA could be approaching a major breakout after maintaining a rising macro support trend for roughly nine years.
Moreover, Cardano founder Charles Hoskinson has continued to express optimism about ADA’s long-term prospects, projecting its return to the top-10 ranking.
ADA Continues to Underperform in the Near Term
Despite the longer-term optimism, ADA’s recent price performance remains subdued.
The token traded above $0.25 in recent days before falling back below that level. At press time, ADA had declined 3.59% over 24 hours, highlighting the selling pressure still weighing on the cryptocurrency.
Meanwhile, Cardano-related token Midnight (NIGHT) moved in the opposite direction. The token surged more than 24%, making it the biggest gainer among the top 100 cryptocurrencies at the time.
#CryptonewswithJack

Accenture plc (NYSE: ACN) shares jumped over 23% to $226.05 in Thursday pre-market trading after the company topped fiscal fourth-quarter revenue expectations and issued a fiscal 2027 growth outlook of 3% to 6% in local currency.
The rally lifted the shares above price targets maintained by two analysts after the results. Jefferies reiterated a Hold rating with a $190 target, while TD Cowen maintained its Hold rating and $173 target. Both targets were below the $216.34 pre-market price. Accenture had closed Wednesday’s regular session at $183.37, up 3.53%.
Jefferies, TD Cowen Focus on Organic Growth and M&A Contribution
Jefferies’ post-earnings view centered on the underlying organic growth implied by Accenture’s fiscal 2027 outlook. Accenture guided to total local-currency revenue growth of 3% to 6%, while Chief Financial Officer Angie Park said acquisitions are expected to contribute 2.5 percentage points to fiscal 2027 growth. Based on that contribution, Jefferies treated the outlook as implying roughly 0.5% to 3.5% organic growth and noted that the implied range was about 50 basis points above expectations.
Accenture did not provide a separate organic-growth range.
TD Cowen, meanwhile, highlighted the acquisition contribution embedded in the outlook. The firm described the outlook as including roughly 2 to 2.5 percentage points from M&A and said the fourth-quarter results exceeded both its estimates and more cautious expectations heading into the report.
On the broader demand backdrop, management said discretionary spending did not materially change during the fourth quarter. For fiscal 2027, the upper end of the revenue range assumes discretionary spending remains stable or improves slightly, while the lower end allows for deterioration.
Q4 Revenue, EPS and Bookings Support the Earnings Rally
The earnings report behind Thursday’s share-price move showed fourth-quarter revenue of $18.68 billion, up 6% in U.S. dollars and 7% in local currency. The result exceeded Accenture’s own $17.75 billion to $18.40 billion guidance range and the $18.03 billion analyst average cited by Reuters.
Diluted earnings per share were $3.29, up 46% from $2.25 a year earlier and 9% compared with the prior-year adjusted figure of $3.03. New bookings reached $22.17 billion, rising 4% in U.S. dollars and 5% in local currency. Consulting bookings were $9.40 billion, and managed-services bookings were $12.77 billion.
Consulting revenue rose 6% to $9.28 billion, while managed-services revenue increased 7% to $9.40 billion. For fiscal 2027, Accenture expects diluted EPS of $14.39 to $14.81, an operating margin of 15.9% to 16.1%, and free cash flow of $11.0 billion to $11.8 billion.
Separately, Accenture Tokenized Stock (Ondo), or ACNon, was trading at $222.85, up 21.24% over the previous 24 hours, according to CoinMarketCap. ACNon is part of the broader tokenized stocks market and is designed to provide economic exposure similar to Accenture shares while remaining separate from the NYSE-listed ACN security.
#CryptonewswithJack

AST SpaceMobile (NASDAQ: ASTS) shares rose 2.09% to $60.09 in Thursday premarket trading following fresh spacecraft and manufacturing updates.
The stock closed Wednesday at $58.86, down 0.91%. Separately, AST SpaceMobile Tokenized bStocks (ASTSB) was trading at $60.56, up 1.33% over the past 24 hours, according to CoinMarketCap.
AST SpaceMobile said BlueBirds 14, 15, and 16 have left its Texas facility and are being transported to Cape Canaveral. The company did not announce a launch date for the three satellites in the update.
Meanwhile, the company reposted an update from Chairman and CEO Abel Avellan saying BlueBird 11 is fully deployed. Avellan said all 13 satellites in orbit, representing about 20,000 square feet of phased arrays, are performing as planned.
More Than 20 Spacecraft Structures Are Being Integrated
The same convoy update included a broader manufacturing milestone in Midland, Texas. AST SpaceMobile said its production sequence has now reached BlueBird 50, with more than 20 spacecraft structures being integrated as part of its assembly process.
The BlueBird 50 milestone extends the company’s disclosed manufacturing sequence beyond two earlier updates. In its Aug. 10 second-quarter business update, AST SpaceMobile said BlueBirds 17 through 46 were in various stages of production and assembly. The company later said production had advanced through BlueBird 48.
The progression shows how far AST SpaceMobile has advanced in manufacturing, not how many spacecraft it has completed. Spacecraft within that sequence remain at different stages of production and assembly, while BlueBirds 14, 15, and 16 have already moved into the transport stage.
#CryptonewswithJack

#XRP sees cumulative short liquidation leverage of more than $158 million all the way to $1.55, just a 3% increase from current prices.
After rising to a local top above $1.65 on Sept. 23, XRP faced a pullback along with the rest of the crypto market. A rebound followed immediately, pushing prices above $1.60 before XRP retreated again to $1.50 at press time.
XRP Sellers Face $158M Liquidation Leverage at $1.55
Amid the latest price retreat, market data shows that most investors have turned to opening shorts in anticipation of further declines. XRP had dropped to $1.46 earlier today before rebounding to $1.50, yet market participants believe steeper declines may be on the horizon.
According to derivatives data provided by Coinglass, a leading market analytics platform, XRP sellers have ramped up cumulative short liquidation leverage of up to $158.82 million from the current price of $1.50 to the $1.553 high on the 7-day timeline.
This indicates that if the XRP price recovers just 3% from the current $1.50 level to $1.553, traders with XRP short positions could witness cumulative liquidation of nearly $159 million at different price levels up until the $1.553 area.
Further data shows that, exactly at the $1.553 mark, traders on Binance, the world’s largest crypto exchange by trade volume, could face liquidations to the tune of $6.03 million, while liquidations impacting OKX traders may reach $2.37 million. Meanwhile, Bybit leads with about $8.04 million in liquidation leverage at $1.553.
Short Liquidation Leverage Exceeds Longs by $200M
This confirms the high concentration of short positions stacked above the current XRP price. More importantly, Coinglass reveals that from the current price to $1.639, the XRP derivatives market features cumulative short liquidation leverage up to $392.83 million. For context, this is just a price difference of 8.6%.
Meanwhile, at the other end of the spectrum, from the current price to $1.373, an 8.46% drop, the cumulative long liquidation leverage sits at $193 million. This means the cumulative short liquidation exposure surpasses long liquidation exposure by a whopping $200 million at the same price spread.
Such situations can put pressure on bulls, especially if buying pressure starts to disappear from the market. However, if buyers return and the price recovers rapidly, it would create the perfect condition for a potential short squeeze, where the concentration of shorts could be forced to buy XRP to maintain their positions or face massive liquidations.
#CryptonewswithJack

SK hynix Inc. (NASDAQ: SKHY) American Depositary Shares were indicated at $183.57 at 6:13 a.m. ET Monday, down 4.17% in premarket trading, after the company’s Seoul-listed shares fell 5.05% amid a broader semiconductor selloff.
Investors were also weighing separate concerns over a possible U.S. listing of SK hynix subsidiary Solidigm. Separately, the Nasdaq-listed ADSs continued to trade at a substantial premium to the equivalent value of the Korean common shares.
SKHY had closed Friday’s regular U.S. session at $191.56, up 2.78%. The ADSs have traded on the Nasdaq Global Select Market under the SKHY symbol on a regular-way basis since July.
Reuters reported Sept. 25 that Solidigm was considering an IPO as early as 2027 that could raise about $15 billion and value the business at as much as $150 billion. Bloomberg later reported a potential valuation of up to $100 billion, also citing people familiar with the matter. The unit had held pitch meetings with investment banks, although Reuters said the plans remained at an early stage and could change with market conditions.
SK hynix told Reuters that Solidigm was reviewing options to strengthen its competitiveness but said it had not confirmed any specific plans. Korean market coverage separately raised concerns that a Solidigm listing could create a duplicate-listing issue within the SK ownership structure and reduce benefits that might otherwise accrue to existing shareholders.
That stock-specific concern came alongside Monday’s broader weakness in Korean semiconductor shares rather than replacing it as the market backdrop.
Nasdaq ADSs Trade at About a 42% Premium to Seoul
SK hynix’s Korean shares closed Monday at KRW 1,768,000, down 5.05%. SK hynix final SEC prospectus states that each U.S. ADS represents one-tenth of one SK hynix common share.
Monday’s 3:30 p.m. Korean foreign-exchange reference rate was KRW 1,365.1 per U.S. dollar. At that rate, the Seoul closing price converts to about $1,295.14 for one Korean common share. Because one SKHY ADS represents 0.1 of a common share, the corresponding ADS-equivalent value is approximately $129.51.
Compared with the earlier $183.57 U.S. premarket quote, SKHY was trading at an approximately 41.7% premium to that Seoul-equivalent reference value.
The comparison uses the Korean closing price and 3:30 p.m. foreign-exchange reference rate, both established before the cited U.S. premarket quote. It therefore compares prices from different market timestamps rather than simultaneous executable quotes.
Foreign Selling and Broader Chip Weakness Pressure Seoul Shares
SK hynix opened at KRW 1,825,000 before weakening through Monday’s Seoul session. According to Yonhap, foreign investors sold a net KRW 1.7275 trillion worth of SK hynix shares, the largest foreign net selling total for any individual KOSPI stock. Meanwhile, institutions sold another KRW 491 billion worth of shares.
Across the KOSPI, foreign investors sold a net KRW 3.2403 trillion.
The broader Korean market also declined. The KOSPI finished 2.70% lower, while Samsung Electronics fell 5.43%, indicating that the weakness extended beyond SK hynix. Yonhap cited pressure on semiconductor shares from developments that accumulated during South Korea’s holiday break, including higher U.S. Treasury yields.
ADS Conversion Involves Procedures, Fees and Market Frictions
SK hynix’s deposit agreement provides for common shares to be deposited with the custodian for the issuance of ADSs and for ADS holders to surrender ADSs to withdraw the corresponding deposited securities.
Those processes are subject to documentation requirements, applicable laws, Korean clearing-system rules, fees, taxes, and other charges. The agreement also allows certain issuance or transfer processes to be temporarily suspended under specified circumstances.
These provisions govern the process for moving between the deposited Korean shares and the U.S.-listed ADS structure, separate from the cross-market price comparison calculated from the Seoul close and U.S. premarket quote.
As separate market context, a contemporaneous CoinMarketCap snapshot showed SK Hynix Tokenized bStocks (SKHYB) trading at $183.58, down 4.51% over the prior 24 hours. The tokenized-stock price is not part of the Seoul-versus-Nasdaq ADS parity calculation and does not establish a reference value for either listed security. CoinMarketCap identifies SKHYB as a separate tokenized-stock product.
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