The post XRP Bounce Fizzles: Golden Pocket Faces Another Test appeared first on Coindoo.

Binance’s XRP/USDT daily chart on TradingView shows the October slide unfolding on far lighter volume than the August and September rallies, with no panic-selling spike so far.

The bounce that did not last

Earlier this week, XRP bounced off the golden pocket, the zone between the 0.618 and 0.65 Fibonacci retracements of its August rally. By Wednesday the move had stretched to about $1.40 before sellers stepped in.

They erased those gains over the next three sessions, and Saturday’s drop reached about $1.25 intraday, a touch inside the pocket.

Two of three support layers are slipping

Last week, the pocket had backup from the 100- and 200-day SMAs, which had converged just above it. A daily close beneath them would turn that backup into the first hurdle overhead, only 1% to 2% above the current price.

Each bounce off the floor is getting weaker

The pocket has now been tested three times since mid-September, and the rebounds it has produced are shrinking. The first lifted XRP by roughly a third. Last week’s managed about 11% before fading.

The highs tell the same story from the other side. Each rally since late September has topped out lower than the one before, while the floor has stayed in the same place. That squeezes price into a narrowing range and puts more and more weight on a single level.

Volume points the same way. The September rebound came on some of the heaviest Binance trading of the autumn, while last week’s bounce drew far thinner activity. With both the October selling and the latest buying running on light volume, neither side has shown real conviction at the floor yet.

Below the pocket, the chart thins out

If the pocket gives way, the next Fibonacci level is the 0.786 near $1.14, about 10% lower and close to where XRP traded in late July. Beneath that sits the August low near $0.99, the starting point of the entire rally.

The ceiling that stopped Wednesday’s rally

Past the two averages, the 0.5 Fib near $1.35 comes first. Above it, the 50-day SMA near $1.41, now curling lower just beneath the 0.382 Fib near $1.43, is the barrier Wednesday’s move could not reach. Clearing all of that would still leave the 0.236 Fib near $1.53, the top of the late-September range that gave way in early October.

Momentum is stretched

RSI has slid to about 36, below its signal line and approaching the 30 oversold mark. Selling looks stretched, but an oversold reading on its own does not mark a turn.

The case for a hold

The 0.618 Fib has yet to fail on a daily close, and the 100-day SMA is still rising. A fast move back above the lost averages would make this week’s drop look like another shakeout at the same floor.

Outside the chart, the next scheduled potential market mover is the Federal Reserve’s rate decision on Wednesday, October 28, at 2:00 PM ET.

This article is provided for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile.

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The post Zcash Price Dips – Only 1% of Its $2.25B Leverage Cleared appeared first on Coindoo.

Binance’s ZEC/USDT daily chart on TradingView shows the token still trading more than 360% above its early-June low near $247, even after the latest pullback.

What happened at the 50-day SMA

Earlier this week, ZEC snapped back from the 0.382 Fib with the 50-day SMA as the obvious target. The average did its job as resistance: the rally’s candle left a long upper wick right at the line, a sign that sellers were waiting there. The slide since has pulled price back toward the same floor it bounced from.

Leverage took the hit, but most of it is still there

The damage showed up first in the futures market. About $22.8 million in ZEC futures positions were liquidated over the past 24 hours, mostly longs, according to CoinGlass. Over the same window ZEC fell roughly 7%, as Bitcoin briefly slipped below $80,000.

The liquidation total sounds large until it is set against the size of the market. With open interest near $2.25 billion, the latest flush cleared only about 1% of outstanding futures positions, so leverage has barely been reset.

The rest of the data shows how much ZEC trading now runs through derivatives. Futures volume came to about $5.3 billion over the past day, roughly 15 times the $340 million traded on spot markets, and open interest equals around 12% of ZEC’s $19.5 billion market cap.

That cuts both ways. If the 0.382 floor breaks, a large pool of leveraged longs sits in the path of the decline and could add forced selling to it. If the floor holds and price turns up, the same heavy positioning could speed the move higher as shorts are forced to cover.

ZEC vs. XRP: same retreat, different damage

Today’s XRP chart makes a useful comparison. Both coins are pulling back from late-summer highs, but the damage looks very different.

The order of the averages is the same on both charts, with the 50-day above the 100-day and the 100-day above the 200-day. What differs is how much of that structure price has given up. ZEC’s pullback has also stopped at a much shallower point, with the 0.5 and 0.618 levels below it still untested, which suggests buyers are stepping in earlier.

Where the levels sit

Chart note: daily ZEC/USDT candles from Binance on TradingView, with the latest candle still open. Fibonacci levels run from the early-June low to the September peak. Derivatives figures are a CoinGlass snapshot from Saturday afternoon (UTC) and update in real time.

Momentum and the bear case

RSI sits near 45, a touch below its signal line and the 50 midpoint. That reading points to an orderly pause rather than heavy selling, and a move back above 50 would put momentum back on the buyers’ side.

The bear case: this is the second test of the 0.382 in less than a week, and the first bounce stalled well short of the 0.236. A floor that keeps getting revisited gives bulls less room for error.

This article is provided for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile.

The post Zcash Price Dips – Only 1% of Its $2.25B Leverage Cleared appeared first on Coindoo.

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Source: https://coindoo.com/zcash-price-dips-only-1-of-its-2-25b-leverage-cleared/

The post Solana Price Falls Nearly 4x Harder Than Bitcoin in October appeared first on Coindoo.

Binance’s SOL/USDT daily chart on TradingView shows the token about 19% below its recent swing high, trading near $100.8 with the daily candle still open.

Upgrade day ended at resistance

Solana switched on Alpenglow on Wednesday, replacing TowerBFT, the consensus system the network had run since 2020. Solana’s official account on X said finality “just went from ~12.8 seconds to ~150ms.” For exchanges crediting deposits and merchants taking payments, that means a transaction becomes irreversible in a fraction of a second instead of several seconds, according to Anza, the engineering firm behind the upgrade. The 150ms figure still awaits independent measurement.

The token did not get the same lift. SOL rallied to about $109 on upgrade day, straight into its main resistance cluster, and gave the move back with a drop of about 5% the next session.

Where the selling came from

Two forces have worked against SOL since then, one specific to Solana and one hitting the whole market.

Most of the liquidations hit in the final 12 hours of that window, as Bitcoin slid toward $80,000. On their own, the numbers do not say whether SOL has a problem of its own or is simply caught in a falling market. The October scorecard does.

SOL is down about 15% from its October open near $118, while Bitcoin, trading near $80,500 on Saturday, has lost roughly 4% over the same stretch. The market-wide flush explains the timing of Saturday’s drop. It does not explain why SOL has fallen nearly four times as far as Bitcoin this month, and the steady drain from the ETFs is the clearest Solana-specific reason.

Three tests of $100

The round number carries extra weight because it also sits on the 0.382 Fibonacci retracement of SOL’s move from about $60 to $125.

The first two tests held on a closing basis. Saturday’s was the first to trade through the level, which makes the daily close the number to watch.

Levels above and below $100

The 50-day SMA supported SOL through September and early October before rolling over, and it now caps rallies alongside the 0.236 Fib. Below $100, there is a gap of about 4% before the next support, so a clean break would leave little to slow a move until the 100-day SMA. The 100- and 200-day averages are both still rising, which keeps the long-term trend pointing up.

The case for each side

Bulls can argue that Saturday’s break came in the middle of a market-wide liquidation wave, the kind of forced selling that can fade once leveraged positions are cleared.

Bears can point to the size of the ETF drain. The $30.3 million that left in five trading days equals about 2% of the roughly $1.53 billion the US Solana funds hold, a steady withdrawal of the kind of patient demand that usually turns a relief bounce into a recovery.

Method: daily SOL/USDT candles from Binance on TradingView, with the latest candle still open. Fibonacci levels run from the recent swing low to the swing high. Liquidation figures are a CoinGlass snapshot from Saturday evening. October performance is measured from each coin’s approximate monthly open.

This article is provided for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile.

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The post NEAR Price Holds Its Triple Floor After a Leverage Washout appeared first on Coindoo.

Three lines, one floor

Saturday’s low landed in a narrow band where three separate levels overlap: the 0.382 Fibonacci retracement of that rally, the rising 50-day SMA, and the October 8 swing low.

The long lower wick on Saturday’s candle shows buyers stepping in across that band and pulling price well off the lows by the close.

How Saturday’s flush played out

The liquidations hit in the hour to 14:20 UTC on Saturday, as NEAR fell to about $4.34, according to CoinGlass data. Over the following day, open interest in NEAR futures dropped about 9.5%, Coinalyze data shows.

That sequence makes this pullback look more like a washout than a breakdown. Falling open interest means positions were being closed rather than new bets against NEAR being opened, so much of Saturday’s selling came from forced exits. And it happened right on the strongest support on the chart.

What the dip buyers are leaning on

Buyers at the floor also have a fundamental story. NEAR’s third-quarter update put cumulative volume on NEAR Intents, its cross-chain swap system, above $32 billion, with more than $52 million in fees and over $8 million directed to NEAR buybacks. That gives the token a source of demand tied directly to network revenue.

The system also had a setback this month. A $3.8 million exploit in early October forced NEAR Intents to pause, and the team has said affected users were made whole.

Above and below the floor

The upper column shows the problem for bulls. Each rebound since the peak has topped out lower, and the 0.236 Fib flipped from support to resistance on Saturday. Below the floor, the gap to the next level is wide, about 15% to the 0.5 Fib.

Floors built from a Fibonacci level and a rising average have become the key battleground across large altcoins this month, much like HYPE’s pullback toward support near $74.5.

Momentum and the bear case

RSI sits near 45, below its signal line near 53 and just under the 50 midpoint. The pullback has cooled momentum from overbought readings near the October peak without pushing it toward oversold territory.

The bear case is that rallies keep fading at lower levels while the floor stays fixed, which leaves buyers less room each time they have to defend it.

This article is provided for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile.

The post NEAR Price Holds Its Triple Floor After a Leverage Washout appeared first on Coindoo.

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The post Arbitrum Price Clings to $0.16: Half the Rally Is Gone appeared first on Coindoo.

Half the rally is gone

The Fibonacci grid runs from the swing low near $0.07 to the peak near $0.26, which puts the 50% retracement at roughly $0.164. ARB’s intraday low slipped under it before price crept back above, so the first buyers have shown up. Whether they hold the line depends on where today’s candle closes.

From the September top, ARB is down about 36%. Measured against the whole run from $0.07, it has handed back half. The two numbers describe the same pullback from different starting points, and together they show a deep correction inside a rally that is still well above where it began.

The rally covered about $0.18, so each Fibonacci step is a real distance at this price. The drop from the 50% line to the 61.8% level near $0.142 is about two cents, or roughly 13% below where ARB trades now.

$0.19 is now the line to beat

The sell-off broke ARB below its rising trendline, drawn dashed on the chart, and below the 50-day simple moving average, the yellow line near $0.19. The 38.2% retracement sits in the same area and gave way on the way down. With three references stacked there, $0.19 has turned from support into the main ceiling.

That ceiling, with the 38.2% level near $0.185, sits about 13% above the current price, almost the same distance as the next support below. ARB is trading roughly halfway between its nearest resistance and its nearest floor, which is why the daily close at the midpoint matters more than usual.

Getting back above the average alone would not be enough, because the trendline keeps rising over time and would also need to be reclaimed. Above that, the 23.6% retracement near $0.21, where the breakdown started, is the next hurdle, with the $0.26 peak beyond it.

Momentum hasn’t turned

The daily RSI reads 40.34 and is still pointing lower, under both the 50 midline and its signal line at 47.80. That is weak but not oversold, since the usual oversold mark is 30. The first sign of selling pressure easing would be the RSI turning up and crossing back over its signal line, which is still more than seven points above it.

The moving averages give a more mixed picture. The 50-day sits near $0.19, above the 100-day near $0.14 and the 200-day near $0.12, which is still the order of a longer-term uptrend. The short-term damage is real, but the broader structure has not flipped. Daily volume stood at 12.14 million ARB, roughly $2 million at current prices.

This article is provided for informational purposes only and does not constitute financial or investment advice.

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The post Ethereum L2 Drops Signatures to Fight Quantum Threat appeared first on Coindoo.

Key Takeaways

The founder, who posts as Hadamard, described the design in an October 24 Ethereum Research post and asked for critical feedback.

Ordinary Ethereum accounts authorize transactions with ECDSA signatures, which a large enough quantum computer running Shor’s algorithm could break. No machine today can do that, but warnings about exposed wallet keys have pushed developers to look for alternatives. BB84, an OP Stack rollup on Ethereum mainnet with chain ID 42069000, removes signatures from its network altogether.

Each account is built from a secret that is hashed over and over with keccak-256, creating a chain of values. Only the last value is public. To pay, the wallet reveals the value before it, which anyone can check by hashing it once. The network then records that value and moves the account one step down the chain. The protocol default is 1,000 steps, while BB84’s developer CLI creates 10-step chains for each one-time address. A step is used up even if the payment itself fails, and the chain rejects any conventionally signed transaction.

Payments run only in bridged USDC and EURC. Both the commit and reveal transactions are free for users, and payers create a fresh one-time address for each recipient.

The post spells out the security trade-off. Inside the network, everything rests on keccak-256 being hard to reverse, and Grover’s quantum search algorithm only cuts that to about 2^128 operations. Addresses, however, are shortened to 160 bits, which leaves about 2^80 of quantum resistance on the address itself. BB84’s documentation advertises 128-bit post-quantum security without that caveat. Ethereum mainnet is also still ECDSA: deposits start from ordinary Ethereum wallets, and withdrawals pay out to them.

The flaw found while writing the post

Revealing a secret makes it public, so anyone watching could copy it into a transaction paying themselves. To prevent that, the wallet first sends a commit transaction that locks the secret to one exact payment without showing it. The reveal must follow within five blocks by default.

The weak point was that commits carry no signature, because there is nothing to sign with. In the first version, a new commit simply replaced the pending one. An attacker who spotted a secret in a pending reveal could swap in a commit tying that secret to their own payment. Hadamard says the team found the flaw while writing the post and fixed it with a new rule that took effect on October 21. Under it, the first commit wins, the slot clears only after the matching reveal or expiry, the wallet waits for its commit to land in a block before revealing, and the public RPC does not expose pending transactions.

Hadamard suggests a stricter “Guy Fawkes” rule, in which commits are appended instead of replaced, but says it has not been built. BB84’s documentation goes further than the post, stating that commit and reveal mean a sequencer cannot steal a withdrawal.

A wallet that must not lose count

Because each chain has a fixed number of steps, the wallet has to renew it on the very last one by including a new commitment in that final payment. If it misses that step, the address is dead. Keeping count is just as important: Hadamard says the app and the chain fell out of sync in production, so wallets must be able to resynchronize from chain data.

The secrets still need protecting like keys. The CLI warns that its wallet file stores spend keys unencrypted and lists encryption as a roadmap item. Removing signatures changes how spending is authorized, not the need to keep secrets safe.

READ MORE:

Arbitrum Gave One Company All Its Guild Money – For Now

Getting money out means trusting the operator

BB84 has no fault proofs. A permissioned proposer posts the network’s state to Ethereum through a custom dispute game that resolves immediately, and with no proof system, Hadamard writes that by L2BEAT’s framework the chain “would not even be Stage 0.” Withdrawals therefore trust the proposer. The documentation still describes withdrawals as following the OP Stack fault-proof flow with a seven-day maturity delay, but as Optimism’s explainer sets out, fault proofs exist so wrong state can be challenged, and here nothing can be challenged during that wait. The sequencer is also run by BB84.

What would change the picture

The post ends with questions that reach beyond one chain. The biggest is whether hash-chain accounts could become an EIP-7702-style or native account-abstraction validation mode on general-purpose layer-2 networks, which would make the idea available without moving to a dedicated chain.

This article is provided for informational purposes only and does not constitute financial or investment advice. Experimental networks carry technical and custody risks.

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The post Quant Price Climbs 3% After Losing Half Its September Gains appeared first on Coindoo.

A round trip to the golden pocket

QNT’s September surge carried it from a base near $55.6 to a spike high near $373, a gain of roughly 570%. At Sunday’s intraday low of about $177.9, the pullback had retraced about 61% of that rally, right at the 0.618 level, before buyers pushed price higher while the token is still holding above all three of its daily moving averages despite the slide..

In Fibonacci terms, that is a test of the golden pocket, the zone between the 0.618 and 0.65 retracements of a move and one traders often watch during deep pullbacks within a trend. On this chart, it runs from about $167 to $177.

The 50-day SMA backs up the pocket

Just beneath the pocket, the 50-day SMA sits near $162 and is climbing steeply after the rally. Together, the two form a demand zone from roughly $162 to $177, and as long as QNT holds above it, the breakout structure built in September stays valid.

Levels on the map

Here is where the key levels sit relative to the current price.

Upside levels

0.5 Fib · ~$214 · +16% · first level to reclaim
0.382 Fib · ~$252 · +36% · caps relief rallies
0.236 Fib · ~$298 · +61% · where the breakdown began
Rally peak · ~$373 · +101%

Safety nets

Golden pocket · ~$167–$177 · −4% to −10%
50-day SMA · ~$162 · −13%
0.786 Fib + 100-day SMA · ~$112–$124 · −33% to −40%
200-day SMA · ~$91 · −51%

Momentum has cooled, not collapsed

RSI hit extreme overbought readings during the spike to the peak. The correction has pulled it back to about 46, a touch below its signal line near 50 and close to the neutral midpoint, so the overstretched momentum that preceded the drop has largely been worked off.

The other reading is less forgiving. Vertical spikes often retrace most of their gains, and so far the bounce is a single green candle off the low.

What bulls need to see

From the Golden Pocket: Two Ways This Plays Out

Scenarios, not forecasts

This article is provided for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile.

The post Quant Price Climbs 3% After Losing Half Its September Gains appeared first on Coindoo.

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The post Ethena Rises 6% to Channel Top as Buybacks Stay Off appeared first on Coindoo.

The move comes four weeks into a correction that has left ENA roughly 30% below its late-September peak, according to Binance’s ENA/USDT daily chart on TradingView. Whether anything beyond the chart is backing the bounce is a separate question, and the answer is less encouraging.

What changed on Sunday?

ENA’s summer rally took it from a base near $0.07 to a peak near $0.295, more than quadrupling the token. The correction that followed stayed inside an orderly falling channel and bottomed near $0.18, at the 0.5 Fibonacci retracement of that move. Sunday stretched the bounce from that low to about 15%.

Two things gave way during the session. ENA climbed back above its 50-day SMA near $0.204 and pushed through the channel’s upper edge at the same time, then ran into the 0.382 Fib near $0.209, less than 1% overhead. With hours left in the session, the break is still intraday, so the daily close will decide whether it holds.

Is momentum on the buyers’ side?

For now, yes. RSI has crossed back above the 50 midpoint to about 50.5, clearing its signal line near 46. Volume has reached about 131.9 million ENA so far, with the candle still open.

Why hasn’t the buyback story kicked in?

Under Ethena’s fee switch, approved by governance in September, 95% of qualifying net protocol revenue goes to ENA buybacks, but only once the 14-day average supply of its USDe synthetic dollar reaches $7.5 billion. USDe stood near $4.76 billion in mid-October, according to DefiLlama data, about $2.7 billion short.

Until that gap closes, there is no protocol-funded buyer behind ENA, so Sunday’s move most likely rests on chart buyers alone.

What could get in the way?

The first obstacle is funding. USDe’s yield, and with it the demand that grows its supply, comes largely from funding payments on perpetual futures. Those payments shrink when leveraged longs are wiped out, and about $816 million in positions were liquidated across the market on Saturday, mostly longs, according to CoinGlass.

The second is token supply. A one-time release of all remaining investor tokens on October 5 ended the monthly investor schedule, and ENA has slid since then. Another 275 million ENA, worth about $57 million at today’s price, is set to unlock on November 1.

Put together, that is the bear case: one strong candle has not ended a month of lower highs, and both pressures arrive before any buyback support can.

Where does ENA meet support and resistance?

Above the 0.382 Fib, the next marker is the 0.236 Fib near $0.242, about 17% higher and the level where the October breakdown began. Clearing it would bring the late-September peak near $0.295 back into view, roughly 42% above current prices.

Below, the reclaimed 50-day SMA is the first line of defense, followed by the 0.5 Fib near $0.182, about 12% lower. A deeper slide would meet the 0.618 Fib near $0.156, where the 100-day SMA sits almost exactly on top, and then the 200-day SMA near $0.126. The base of the summer rally, near $0.07, lies about 66% below today’s price.

Three Ways the Week Could Play Out

Scenarios, not forecasts. ENA sits between the 0.382 Fib just overhead and the 50-day SMA just below.

This article is provided for informational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile.

The post Ethena Rises 6% to Channel Top as Buybacks Stay Off appeared first on Coindoo.

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Source: https://coindoo.com/ethena-rises-channel-top-buybacks/

The post AAVE and JUP Buybacks Aren’t Keeping Up With New Supply appeared first on Coindoo.

Grayscale head of research Zach Pandl set out both measures in an October 21 note on crypto valuations.

Earnings are positive, holder yields are not

Grayscale’s adjusted earnings yield divides a protocol’s earnings by its circulating market value, then subtracts the rate at which circulating supply grew. Its tokenholder yield counts only what reaches holders: staking rewards plus buybacks, minus new issuance, divided by circulating market value. Earnings here means fees left after paying lenders, liquidity providers and other suppliers.

Both measures subtract supply growth, so the gap between them approximates earnings that stayed with the protocol instead of reaching holders, as long as Grayscale’s issuance figure tracks circulating-supply growth. A negative tokenholder yield also means, by Grayscale’s formula, that new issuance outweighed buybacks and staking rewards combined.

Source: Grayscale, chart accompanying its October 21 note.

Aave’s buybacks refill a reserve that pays out AAVE

Aave began buying AAVE on the open market in April 2025. Its official documentation lists a $50 million annual budget, with weekly purchases of $250,000 to $1.75 million executed by the Aave Finance Committee. The DAO’s funding report says the program acquired more than 205,000 AAVE, about 1.28% of total supply, in its first 10 months.

Aave does not burn the tokens it buys. They go to the Aave DAO Ecosystem Reserve, which pays staking rewards, grants and service providers, so AAVE taken off the market can return to circulation. That may help explain how a sustained buyback program sits beside a negative tokenholder yield.

Operating costs draw on the same revenue. A March governance proposal sought to cut the buyback budget to $30 million. It cited borrow-fee revenue about 25% below its peak, January 2026 revenue of $7.95 million against $13.5 million a year earlier, and an optimistic 2026 operating budget of $190 million against 2025 revenue of $142 million. The proposal also made the case against bigger buybacks: spending on GHO stablecoin liquidity and growth could return more to holders than repurchases.

READ MORE:

XRP Ledger Gets $150M From Franklin Templeton – All in One Wallet

Jupiter spends half its onchain revenue on JUP

Jupiter’s transparency page says 50% of onchain revenue has gone to the Litterbox Trust since February 2025, which buys JUP through automated onchain purchases. The trust operates as a long-term reserve and has burned about 134 million JUP. The other half of onchain revenue and all offchain revenue fund the team’s operations, with any excess going to treasury reserves.

In Grayscale’s figures, those purchases and burns have not kept pace with new JUP entering circulation. The note names token unlocks alongside issuance as sources of dilution, which makes Jupiter’s unlock schedule the other half of the JUP picture.

Ordinary holders sit below the published figure. JUP holders receive no direct share of protocol fees, and Active Staking Rewards go quarterly to stakers based on time-weighted stake. Under Jupiter’s tokenomics rules, locked team tokens cannot earn them. Because Grayscale’s tokenholder yield includes staking rewards, anyone holding JUP or AAVE without staking earns less than it shows.

Burns remove tokens for good, minus new minting

A burn is the one destination that cannot pay tokens back out, though minting can still eat into it. PancakeSwap’s September burn report puts numbers on that offset.

Minting offset about 22% of the burn. The report excludes mints tied directly to burning and spreads weekly burns across reporting months. According to PancakeSwap’s tokenomics documentation, minted CAKE funds farms, the lottery and ecosystem growth.

Hyperliquid burns without a matching mint on this side. Its fee documentation says the Assistance Fund converts allocated trading fees into HYPE and burns them. Hyperliquid has since added reserve-income funding to its buyback model, which raises the money available for purchases without itself showing how much was bought.

Three disclosures that will test these numbers

If Grayscale updates its chart, a narrower gap between the two yields would show more of AAVE’s and JUP’s earnings reaching holders, while a wider one would point to supply growth or retained spending absorbing more of them.

This article is provided for informational purposes only and does not constitute financial or investment advice. Research yield estimates are not guaranteed payouts or forecasts of token-price performance.

The post AAVE and JUP Buybacks Aren’t Keeping Up With New Supply appeared first on Coindoo.

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Source: https://coindoo.com/aave-and-jup-buybacks-arent-keeping-up-with-new-supply/

The post Zcash Price Falls 4.4%, Tests Support After 50-Day SMA Break appeared first on Coindoo.

ZEC tests $1,140 after a 31% decline from its peak

ZEC traded near $1,163 on October 14 at 15:22 UTC, according to the ZEC/USD daily chart on TradingView. Its intraday low near $1,145 brought it close to the 38.2% Fibonacci retracement at $1,140.

The Fibonacci levels track the advance from $250 to $1,690. ZEC is now approximately 31% below that peak, following a rally that saw Zcash overtake Hyperliquid.

The $1,140 area has already been tested several times in recent days. Some candles briefly dipped below it before recovering, leaving lower wicks around the same price band. Those reactions show that buyers have repeatedly stepped in near support, although the rebounds have yet to reverse the decline.

This makes the current move another test of an existing floor. A brief dip beneath $1,140 would follow the pattern of recent sessions. A daily close below it followed by a failed recovery would be a clearer sign that the support is weakening.

The area also overlaps with September trading, when ZEC moved through this band before accelerating higher. It now combines a Fibonacci retracement with both earlier consolidation and several recent price reactions.

ZEC recovered modestly from its latest intraday low, but the daily candle was still open. The recent candles show a narrowing gap between support near $1,140 and the rising 50-day SMA above it: buyers have defended the lower area, while recovery attempts have struggled around the average.

The 50-day SMA stands in the way of a rebound

The 50-day simple moving average near $1,230 is the first potential hurdle for a rebound. Holding $1,140 would help contain the decline, but recovering the average would strengthen the case for a recovery.

Above it, the 23.6% Fibonacci retracement near $1,350 is the next upside level to watch. A recovery through that area would bring the earlier peak near $1,690 back into consideration.

Daily relative strength index, or RSI, was near 42.6, below the neutral 50 level and consistent with weaker momentum. It remained above the usual oversold threshold of 30.

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Losing $1,140 would bring $970 into focus

A daily close below $1,140 followed by a failed recovery would bring the 50% Fibonacci retracement near $970 into focus. That level sits just below the round $1,000 mark.

Further down, the rising 100-day SMA is near $882. The 61.8% Fibonacci retracement lies lower, near $800, providing a separate reference if the correction extends.

The $800 area also overlaps with ZEC’s early September consolidation, when price traded around $800 before the rally accelerated. A return there would erase a larger portion of the advance and test whether that earlier trading area can provide support.

This article is provided for informational purposes only and does not constitute financial or investment advice. Technical levels and indicators are interpretive tools, not guarantees of future price movement.

The post Zcash Price Falls 4.4%, Tests Support After 50-Day SMA Break appeared first on Coindoo.

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Source: https://coindoo.com/zcash-price-falls-4-4-tests-support-after-50-day-sma-break/