After the latest bottom level, $AKE is going to make a very big upward move:
As we can see on the chart, the price previously experienced a strong rally, then corrected and is now trading around the 0.0298 level. This area looks like a zone where buyers are recovering and sellers are losing strength. The support zone marked with the red line is especially important; as long as the price stays above it, the bullish scenario remains strong.
The upside targets are clear: first 0.043, then 0.057, and higher up around 0.080. These levels represent a natural continuation of the previous move. Short-term fluctuations are normal, but the overall picture looks bullish. In simple terms that everyone can understand: the bottom has been seen, recovery has started, and the next move carries serious upside potential. Of course, risk management is essential in every investment, but the technical outlook is quite promising.
What caught my attention in the crypto market this week was how the whales wiped out all users who had opened short positions. If I hadn’t been careful, I would have lost money.
Cryptos in the run-up to the weekend: a classic hit-and-run scenario.
For those planning to open a trade: close the trade using a 15- to 30-minute candle.
Some altcoins are drawing attention with their strong gains! 🚀
According to shared data, Wormhole (W) is at the top of the list, having risen 71.81% in the last 24 hours.
Reserve Rights (RSR) ranks second with a 47.88% increase, while PLUME is up 21.63% and LayerZero (ZRO) has risen 20.55%.
IO.NET, Sonic, and Filecoin are also standing out with their positive performance. Internet Computer, CKB, MetisDAO, EigenLayer, and Algorand are also making their way onto the list of gainers.
But remember: Sharp short-term rallies can also carry the risk of a correction at the same pace. Do your own research before making investment decisions, and don’t neglect risk management.
5 Key News Stories Shaping the Crypto Market This Week:
The most important is the U.S. inflation data set to be released on Wednesday, October 14. Since this figure will influence interest rate decisions, it could determine Bitcoin’s direction.
On Monday, Ripple-backed Evernorth will begin trading on Nasdaq under the ticker symbol XRPN. This company, which invests in XRP, could attract significant attention. On the same day, Upbit will suspend Ravencoin trading.
October 14 marks the final trading day for the Dogecoin ETF. On Friday, Thailand will officially approve Bitcoin and Ethereum ETFs. It will become easier for more people in Asia to access crypto.
In short: Inflation data, a new exchange listing, and the ETF move in Asia are this week’s key topics. Even though the market appears calm, these developments could trigger sudden spikes or drops.
The storage category has a total market cap of $2.08 billion, a 24-hour trading volume of $590.84 million, and an overall increase of +8.61%. Nine out of 12 coins are in the green, while only two are in the red.
$ZEC Speed Boost for Zcash: 25-Second Blocks Live on the Testnet!
Zcash has rolled out the NU7 upgrade on the public testnet earlier than planned. The target wait time between transaction batches has been reduced from 75 seconds to 25 seconds. This step kicks off public testing ahead of the mainnet deployment scheduled for November.
The upgrade went live at block number 4,465,026. The Zakura monitoring software also confirmed that the new rules are in effect on the public testnet. The old separate test network has been shut down.
Each block records a payment batch. More frequent block production can significantly reduce the time it takes for merchants to confirm payments or for exchanges to credit deposits to accounts. For a service requiring three confirmations, the target time could drop from approximately 225 seconds to 75 seconds.
Zcash aims to improve the user experience by increasing transaction speed while maintaining its strong privacy features. This development is drawing attention as an important step toward making crypto payments more practical.
The recent 26.7% rally in AINUSDT has once again drawn attention to this region. The price is currently at the $0.05495 level, and the first critical threshold is the $0.060–$0.062 zone. If this area is breached and the price manages to hold above it, the $0.075–$0.080 levels could come into focus in the short term, followed by the $0.095 level.
In particular, a move above $0.095 could open the door to a much larger rally toward the previous peak on the chart.
However, if $0.060 is not breached, there is a high probability that the current rally will turn into a correction. In this case, the $0.045–$0.040 support levels should be monitored.
A return to the $0.17–$0.18 range is unlikely within a single day, but it remains an extreme scenario that cannot be completely ruled out if there is a strong surge in volume.
The 5 most dangerous days of October are about to begin!
The market isn’t ready yet. On October 5, Ethena (ENA) will release $40–50 million worth of tokens.
But the real shock is coming on October 6:
Hyperliquid (HYPE) will release over $800 million worth of tokens. A token release of this magnitude could put immediate downward pressure on the price.
Before the market has a chance to recover, the U.S. September CPI data will be released on October 9–10. This figure will determine the Fed’s interest rate decision on October 28.
I don’t think anyone could have predicted it would fall this much. However, I believe it will rise from the ashes and climb back up again. (It will gradually recover during the week.)
A new low appears to be on the horizon.
In my opinion, we should wait for a new low (for those looking to open positions).
On Binance’s 24-hour gain list, $MOVR R has taken the top spot with a 68% surge. $STXB and $NIGHT are close behind with gains nearing 30%.
Coins like NOM, ESP, RED, PLUME, and DUSK are also drawing attention with double-digit gains.
This picture indicates that investors’ risk appetite is increasing and the altcoin season is starting to pick up steam. Volatility is high, opportunities are plentiful; but a cautious strategy is essential behind every rally.
The market is ruthless. (Do not open a trade before analyzing the charts and data.)
$MOVR Key Findings from the 1-Hour Chart Analysis:
The price is at 1.7681, trapped within a green ascending triangle. Following a sharp +41% rally, the market is overbought and has rejected the upper resistance (~1.95). A decline is expected based on a classic pattern breakdown and a red arrow signal.
Why will it fall? Resolution of the consolidation, rejection at resistance, profit-taking, and a break below support. Targets:
• T1: 1.6500 (−6.7%) • T2: 1.5700 (−11.2%) key support • T3: 1.4000 (−21%) measured move. A close below 1.57 activates T3.
On the chart, the price is at the 1.3719 level and has risen by approximately 22.64% in a short period.
The 1.40–1.50 zone stands out as a strong resistance area. If there is a sudden sell-off from this zone and the upward momentum weakens, a downward sell-off may occur. In particular, the previous sharp rejection and the price’s rapid rise increase the risk of profit-taking.
On the chart, the price is at the 1.3719 level and has risen by approximately 22.64% in a short period.
The 1.40–1.50 zone stands out as a strong resistance area. If there is a sudden sell-off from this zone and the upward momentum weakens, a downward sell-off may occur. In particular, the previous sharp rejection and the price’s rapid rise increase the risk of profit-taking.
Tomorrow looks relatively quiet on the macro front, but a few notable crypto events are still worth tracking.
The most closely watched development is Bitget’s planned phased restart of withdrawals, beginning with $BTC around 08:00 UTC. After last week’s security incident, the market will be paying close attention to how smoothly the process goes and whether it helps restore confidence.
In Asia, Korea Blockchain Week side events kick off in Seoul, including the $SOL Summit Korea and several other ecosystem gatherings. These often generate interesting announcements and networking momentum.
Additionally, Gnosis is scheduled to host an AMA on X focused on the shift of Gnosis Pay toward enterprise card programs. A handful of smaller project updates and community events are also lined up throughout the day.
Overall, expect a relatively calm session, with attention centered on Bitget’s recovery steps and the early Korea Blockchain Week activity.
The price’s failure to break above the 193–194 resistance zone, the preservation of the downward-sloping channel forming on the chart, and the fact that the movement around the 180 level has not yet produced a strong breakout all increase the risk that selling pressure will continue.
In particular, a loss of the 170 support level could accelerate the price’s decline toward the next liquidity zone at 160. If there are closes below 160, a technical extension of the decline to the 150 zone is possible.
Every week, it continues to climb higher, setting yet another record. After remaining stagnant since 2020, it hit a peak within two months.
Although there has been a slight dip—which I’ve been following very closely—it has the potential to reach $2,000. Of course, for this to happen:
- The community needs to generate more momentum - The market needs to remain positive under normal conditions - Funding, whether negative or positive, is signaling an upward trend either way.
In summary, this promising coin will break records and reach even higher levels. ✅
Do people really enjoy losing their money even though they have it? I don’t get it!
- Without knowing technical analysis - Without knowing how the market works - Without knowing where the whales are gathering - Opening a trade right in the middle of a price level - Sharing the money they’ve lost
I don’t feel sorry for people who lose their money!
When can you open a professional trade?
- Knowing where to open a trade - Knowing where to close a trade - Not opening a position is also a professional move. - You must know how to closely monitor crypto...
I could list many more personality traits of professional traders. However, I have no sympathy for people who have money but lack the knowledge of where to open a trade.