We’re seeing some very large buy and sell orders sitting on the $SAND order book, with millions of dollars in liquidity appearing around the same time. 👀
But here’s the important part:
Don’t assume those walls are real support or resistance.
Large buy walls can make traders think:
🟢 “There’s strong support here.”
While large sell walls can create the opposite impression:
🔴 “Price is going to get rejected.”
That can potentially influence trader behavior and create fear, FOMO, or confusion.
And the problem?
Order-book walls can disappear just as quickly as they appeared.
They can be canceled, moved, or repositioned before price ever reaches them.
So for $SAND , I’d rather focus on actual executed volume and price reaction than blindly trusting large resting orders.
Big orders on the book ≠ guaranteed support or resistance. 👀📊
It’s about $NEAR Intents potentially becoming the default cross-chain execution layer for assets and AI agents. 👀
The numbers are starting to get attention too:
📊 Intents reportedly processing around $5B/month 🏦 Bitwise’s $NEAR ETF reportedly pulled roughly $50M in its first 2 days 🚀 Backpack just added NEAR spot + perps
But there’s an obvious counterweight:
⚠️ The Intents exploit.
Around $3.8M was drained, but the funds were reportedly recovered and affected users were refunded.
That makes the next few weeks especially important.
The real question now is:
Does Intents volume keep growing after the hack?
And on the ETF side:
Do the inflows continue after the launch-week hype fades?
If both hold up, the bull thesis gets considerably stronger.
The 1H structure remains firmly bearish, with clear lower highs + lower lows.
The latest -3.7% dump on 4.6x+ volume is also worth watching. That kind of volume spike looks more like distribution or a liquidation cascade than simple retail panic. 👀
I don’t think the bottom is necessarily in yet.
Price is still well below the last swing high at $6.234, while the liquidity below $6.004 and especially around $5.43 remains largely untested.
For a short, I’d rather wait for a bounce into:
🔴 $5.90–$6.07 → short zone 🎯 $6.004 → TP1 🎯 $5.733 → TP2 🎯 $5.43 → major liquidity target 🛑 $6.234 → invalidation
The ideal entry for me would be a weak bounce/retest followed by bearish confirmation on the 5m/15m — rejection wick, bearish engulfing, or a lower-timeframe structure break.
I’m not chasing the dump here.
RSI is oversold and volume is elevated, but I’m not seeing enough evidence of true capitulation yet. Positioning also remains relatively long, which could leave more room for a reset.
⚠️ If $PROM reclaims $6.234 with strong buying, the bearish thesis is invalid and I’d step aside. That could signal a structure flip and potential short squeeze.
For now:
Bearish below $6.234 → looking for a weak retest → downside toward $5.43. 👀📉
Price is around $0.0735, up strongly from the $0.0370 low, and the daily structure has clearly shifted in buyers’ favor. 📈
The daily Supertrend flipped bullish at $0.0515, and price is still comfortably above it.
What I like most is the recovery structure:
Breakout → pullback → buyers step back in.
Instead of losing the move, $CAP is holding the breakout zone. 👀
My levels:
🟢 $0.068–$0.070 → support 🟢 $0.060–$0.063 → major support 🔴 $0.074–$0.075 → resistance 🎯 $0.080 → TP1 🎯 $0.0888 → TP2 🚀 $0.095+ → TP3
The level I’m watching most is $0.075.
A clean daily close above $0.075 would bring the previous $0.08885 high back into play.
One thing I’m keeping in mind: the order book currently shows heavier sell-side liquidity, so I’d rather see $CAP absorb that supply than chase the move.
Hold $0.068–$0.070 + reclaim $0.075 = much cleaner setup. 👀📊
🔥 $NEAR COULD BE APPROACHING A MAJOR WEEKLY BREAKOUT
$NEAR has rallied back toward its descending resistance, and now the key question is simple:
Can buyers reclaim $5.50–$6.20 and actually hold it on the retest? 👀
That’s the zone I’m watching for a potential shift in the weekly structure.
For the bullish setup to stay valid:
🟢 $3.80–$4.50 → needs to become support 🚀 $5.50–$6.20 → major resistance / breakout zone 🎯 $8 → first major upside test 🎯 $12 → next target 🔥 $20.60 → historical high 🚀 $22 → potential cycle extension
From around $4.969, a move to $22 would represent roughly 343% upside.
But I’m not assuming it happens.
⚠️ A weekly close below $3.80 would significantly weaken the bullish structure.
For now, $5.50–$6.20 is the zone that could change the entire weekly picture. 👀📈
Hyperliquid Labs is reportedly unstaking around 3.75M $HYPE , worth roughly $320M, for a private sale to a single institution on October 7.
That represents around 1.5% of the total supply from the October team unlock.
But there’s one big question:
Who’s buying?
The buyer hasn’t been publicly named.
And now the speculation is pointing toward ICE, the parent company of the NYSE.
Why?
ICE CEO Jeffrey Sprecher previously called Hyperliquid bigger than Nasdaq and said he had met with the team.
If ICE really is the buyer, that would be a massive validation for Hyperliquid.
Instead of a huge team unlock potentially hitting the market, you’d have one of the world’s biggest financial institutions potentially taking the tokens privately.
⚠️ Nothing is confirmed yet.
But October 7 could be a very interesting day for $HYPE . 👀
The $3.8M drained from the NEAR Intents USDT vault was reportedly returned in full within roughly 48 hours.
The team identified the attacker in under 24H, gave them a 48-hour deadline, and the funds came back with an on-chain message admitting they were in the wrong.
Case closed. 👀
And the bigger picture is still getting stronger:
📈 $32.79B all-time Intents volume — 23.8x YoY
💰 $6.36M fees in the last 30D
💵 $1.71M net revenue in 30D
🔥 ~$14.43M cumulative protocol revenue/burn
📊 Confidential TVL: $156M, up 2.9x MoM
Then there are several potential catalysts ahead:
🏦 Grayscale NEAR ETF — still pending
🚀 Bitwise spot ETF (NRR) — already live, with roughly $53M AUM in its first 3 days
🗳️ House of Stake vote — proposed issuance reduction from 2.5% → 1.6% over 24 months, potentially cutting **66M $NEAR ($330M)** if approved
🤖 Q4 roadmap — agent layer, AI portfolio tools, more yield and RWA rails built on top of Intents
The hack was obviously a negative event.
But the response matters.
Funds recovered. The vulnerability was addressed. And the underlying network metrics continue to grow.