🚨 ALTCOIN RADAR: $SOL & $ETH REBOUND AS $793M IN TOKEN UNLOCKS LOOM!
While $BTC consolidates above $82k, major altcoins are showing sharp localized momentum:
🔹 Outperforming Majors: ETH andSOL surged +4% today, outpacing Bitcoin's recovery as global risk-off sentiment eases. $SOL's capital turnover continues to outpace ETH on DEX volumes.
🔹 Major Supply Clifts Ahead: Over $793.6 Million in token unlocks hit the market this week, including major supply releases for LayerZero ( $ZRO ) and Plasma ( $XPL ). Watch for potential volatility around these unlock dates!
🔹 XRP Capital Focus: XRP's volume on major Asian exchanges (Upbit) topped Bitcoin last week as traders speculate on pending ecosystem protocol upgrades.
💡 Trader Takeaway: Watch $SOL around the $106-$110 resistance zone and manage risk around high-emission altcoins facing cliff unlocks this week!
🚨 FED TO BUY $14.61B IN T-BILLS OVER NEXT 3 WEEKS! The NY Fed Desk has released its official operation schedule for Oct 19 – Nov 10: 🔹 Operation Breakdown: • Oct 19: $1.827 Billion (Bill Purchases) • Oct 22: $3.653 Billion (Bill Purchases) • Oct 29: $1.827 Billion (Bill Purchases) • Nov 05: $3.652 Billion (Bill Purchases) • Nov 09: $3.653 Billion (Bill Purchases) 🔹 Total Liquidity Impact: $14.612 Billion in Treasury bill purchases hit the market.
⚠️ I'm not using a fixed stop-loss because the price could wick down to sweep liquidity from long positions. I'll close my position if the daily candle closes below the MA99.
CME launches Bitcoin Cash and Uniswap futures today, its tenth and eleventh single-asset crypto contracts.
📉 But the hype has faded. $BCH is near $277 and $UNI near $7.2, versus $338 and $9.28 on announcement day. That's about 20% lower for BCH and 25% lower for UNI. #UNI #bch
$XRP is sitting at a major technical confluence zone right now:
🔹 Weekly Chart Confluence: Testing key support right near the Weekly MA25 ($1.2729).
🔹 Daily Chart Support: Sitting directly on top of the Daily MA99 ($1.2787) with Daily RSI(6) deeply oversold near 21.9.
🟢 Buy Zone: 1.280 – 1.295
🛑 Stop-Loss Strategy: Reference level around 1.250.
(Note: Avoiding a rigid hard SL to prevent getting wicked out by fast liquidity sweeps. Position will be manually closed if a daily candle closes cleanly below the Daily MA99).