Tag: CRYPTOS FoxBusiness

Speaking to Milk Road Crypto, Geoffrey Kendrick stated that he believes a new era will begin in the crypto market as traditional finance moves onto blockchain networks.

Kendrick stated that the tokenization trend is not a temporary phenomenon and has now become permanent, adding that four altcoins in particular could significantly benefit from this transformation: $UNI, $MORPHO, $AAVE, and $ARB.

According to Kendrick’s assessment, institutional investors moving their real-world assets onto the blockchain could accelerate the growth of the DeFi ecosystem.

At this point, the bank had previously predicted that the total value of tokenized assets on-chain could reach $4 trillion by the end of 2028. Of this, $2 trillion is expected to come from stablecoins and $2 trillion from real-world assets.

Uniswap Has a $100 Target!

The bank had previously stated a $100 target for $UNI in its analyses. However, Kendrick believes that even the previously announced $100 target for Uniswap by 2030 may be too low. According to the analyst, the platform’s strong liquidity network and the redirection of transaction fees to the token buyback and burning mechanism could support $UNI’s appreciation in value.

Aave and Morpho Take Center Stage!

Kendrick considers Aave one of the leaders in the on-chain banking system and projects a target of $3,500 for $AAVE by the end of 2030. For Morpho, he set a target of $60. According to the analyst, unlike Aave, Morpho has growth potential, particularly in the on-chain asset management sector.

Arbitrum May Be the Biggest Bet!

Among the four projects, one of Kendrick’s most ambitious predictions came for Arbitrum. The analyst believes $ARB could reach $10 by 2030. He bases this prediction on Robinhood Chain’s use of Arbitrum technology and the revenue it generates for Arbitrum.

*This is not investment advice.

Record TVL signals growing network adoption

One of the biggest factors standing out behind the latest advance is the continued growth of the $ZAMA ecosystem.The network’s Total Value Locked (TVL) has climbed to a new all-time high at $99 million, indicating that more capital is being committed to the protocol.

Moreover, growth across Morpho vault expansion and Zama Swap has contributed to the increase, pointing to improving ecosystem usage and stronger investor confidence.

Derivatives activity supports the breakout

Besides the position long-term and holders sentiments, market participation has also strengthened across both spot and derivatives markets.

The network’s open Interest has spiked by more than 29% to $38.71 million. This suggests fresh capital is entering the futures market. As a result, traders position for further bullish advances.

Among the open leveraged positions short slightly have the upper hand. At the time of writing , the token’s long/short ratio stood at 0.94.

Despite the cautionary signals from the shorts’ slight dominance, both spot and futures trading volumes surged by more than 100% over the past 24 hours, highlighting broad-based demand from different classes of market participants.

The network spot volume had surged by 140% to $115 million while its spot volume surged by 140% to $65 million.

Can $ZAMA reclaim $0.108?

On the daily chart, the next major technical objective for bulls sits around the $0.108 swing high. A continued expansion in TVL, sustained growth in Open Interest and elevated trading activity could provide the momentum needed for buyers to challenge that level.

However, after a rapid 17% advance, a short-term profit-taking before the next bullish push could be on cards. This is more so given that short dominance among the leveraged position giving a hint.

All in all, the long term structure leans to the bulls favor and most fundamentals and on-chain metrics support an extended bullish momentum in the long run.

Such a breakout could reopen the path toward $6.00 and potentially extend the current price-discovery phase.

Momentum remains elevated but has cooled from extreme conditions. The daily RSI previously pushed into overbought territory above 70 during the vertical portion of the rally. It has since retreated before beginning to turn upward again. This reset is constructive because $NEAR managed to reduce its momentum excess without giving back most of the gains from the September advance.

Heavy Long-Term Trend Extension

The moving-average structure also remains strongly bullish. Price trades far above all major averages, while the shorter-term averages continue rising rapidly. The downside is that $NEAR remains heavily extended from its longer-term trend, increasing the probability of violent corrections even if the broader uptrend survives.

For now, $4.60 is the critical support level. Losing that level would weaken the latest reversal and expose approximately $4.20, followed by the rapidly rising short-term moving average. Conversely, holding above $5.00 and breaking $5.60 would confirm that buyers have regained control.

$NEAR‘s rally therefore does not appear technically exhausted yet. But after a move of more than 200% from the August lows, continuation increasingly depends on converting the $5.40–$5.60 supply zone into support rather than simply maintaining bullish momentum.

The subsequent recovery is what makes Brandt’s chart interesting. $XRP rebounded rapidly toward $1.60–$1.65 and has since moved sideways around $1.50. This consolidation could potentially serve as the “handle” portion of the formation, although confirmation remains absent while $XRP trades below Brandt’s $1.6572 resistance.

The daily chart provides some support for the bullish interpretation. $XRP remains comfortably above its major moving averages, including short-term support around $1.45 and a cluster of longer-term averages around $1.35–$1.40. The earlier descending trend line has also been broken, removing one of the major technical barriers that constrained $XRP throughout September.

Momentum is relatively healthy. The RSI sits in neutral-to-bullish territory rather than returning to the heavily overbought state seen during the August breakout. That gives buyers some room if another growth period starts.

$XRP rises again

However, $1.65–$1.66 remains the decisive barrier. $XRP has already produced several upper wicks around this area, indicating that sellers remain active. A convincing daily breakout above $1.6572 would strengthen the cup-and-handle interpretation and could put the August high around $1.70 back into focus. Beyond that, the psychological $2.00 level would become increasingly relevant.

Failure to break resistance would leave $XRP trapped inside its current range. Initial support sits around $1.48–$1.50, followed by approximately $1.45. Losing those levels could invalidate the developing handle and expose the $1.35–$1.40 region.

For now, Brandt’s cup reference looks less like a confirmed signal and more like a setup awaiting its trigger: $1.65.

The impending signal, therefore, suggests that bitcoin’s price recovery over the past three months is real. The token’s price has surged by more than 40% to $87,000 during the third quarter. Lately, the ascent has stalled at around $85,000 amid a sustained uptrend in the U.S. Dollar Index.

“To state a fact, the latest signal confirms the recovery has endured,” Subburaj said.

Some of the past alignments have marked the start of major rallies. One formed on Oct. 27, 2020, when $BTC traded around $13,600, and held until May 2021. By then, bitcoin had hit a then-record high above $64,000. Another, confirmed in early November 2023, stayed intact until May 2024, during which bitcoin more than doubled from roughly $35,000 to $73,000.

Others have been far less rewarding. The bullish alignment that formed in June 2025 lasted 97 days, but bitcoin gained only modestly, rising from about $106,000 to $112,000. A similar set-up in June 2024 lasted just 20 days, and bitcoin fell about 10%.

“The crossover strengthens the trend case, but it does not guarantee its continuation,” Subburaj said. “The asset’s price behaviour afterwards will determine whether it becomes a sustained bull-market structure or another short-lived alignment.”

He explained that the real test now is whether bitcoin’s spot price can continue to stay above its 50-day average.

“The more consequential test is whether Bitcoin can hold the 50-day average during a correction,” he said.

Demand to start staking has been cooling separately. About 1.5 million $ETH, worth roughly $4 billion, was waiting to enter on Monday, with an estimated wait of roughly 25 days, down from about 2 million $ETH and a wait of about 35 days in early September.

Most of the jump came from MetaMask. The company, best known for its cryptocurrency wallet, also runs validators for Lido, a service that pools users’ ether for staking. At the time, Ethereum security researcher Kaden estimated the precautionary exits covered roughly 17,000 validators holding about 523,000 $ETH, figures MetaMask has not confirmed.

MetaMask disclosed a security incident on Sept. 30 and began taking affected validators out of service. An Oct. 1 update said its investigation had found no indication that wallets or customer funds had been affected.

That makes most of the exit queue a temporary detour for one operator’s coins. Lido expects the ether to return gradually as the affected validators leave, their balances are withdrawn and the coins enter staking again. It estimated the whole process could take up to about 45 days, with affected validators missing rewards while they are out of service.

“No action is required from stETH holders,” Lido said last week, referring to the token that represents users’ stake in the service.

Along these lines, Ali noted that as the Dogecoin price approaches the apex of the triangle, the structure is becoming increasingly compressed and a breakout could be getting closer. He pointed to $0.095 as the breakout level he is closely watching, with a potential surge causing Dogecoin to surpass ten cents and ultimately erase a zero from its price tag. Ali noted that a 4-hour close above $0.095 could confirm a bullish breakout and trigger a rally toward $0.106.

Dogecoin key levels emerge

The $0.1 level remains significant as it marks the current resistance of Dogecoin’s rally. Dogecoin’s surge in mid-August halted at $0.1 before it fell.

Dogecoin tested $0.106 on September 21; massive buying pressure saw it attain $0.102 on September 20 before it climbed further, but this momentum could not be sustained, with Dogecoin falling afterwards.

Dogecoin proceeded to a lower high at $0.095 after its price fell from a high of $0.10 on August 22. The drop from a high of $0.106 found a lower high at $0.098. This suggests the key levels Dogecoin might need to surpass en route to $0.1 are $0.095 and $0.098.

At the time of writing, Dogecoin was attempting a recovery following a selloff in the past week, up 0.93% in the last 24 hours to $0.094.
In the coming days, traders will pay close attention to a potential golden cross signal shaping up on Dogecoin’s daily chart.

(All times are given in UTC+3 Turkish time)

Monday, October 5

$ENA – StablecoinX $ENA assets will be permanently unlocked.

NIL – Blacklight Ethereum L1 network mainnet launch is underway.

STRK – Starknet v0.14.4 version will be released.

$ENA – Ethereum will experience a major token unlock.

IP – Coinbase will support the migration of DATA tokens from IP.

Tuesday, October 6

ZEC – NU7 testnet activation will take place.

STG – Binance will support integration of the ZRO token from STG.

ETH – Ethereum Glamsterdam Sepolia testnet network activation is planned.

MON – Monad had made a post hinting that it was preparing to launch its privacy services.

Wednesday, October 7

INJ – Stockdrop requests will end.

APT – The first testnet reset will take place.

21:00 – FED meeting minutes will be released.

Thursday, October 8

RONIN – Karst network update will be performed.

$XRP – Evernorth, a company specializing in $XRP Treasury, will trade on Nasdaq under the symbol XRPN.

15:30 – US Initial Jobless Claims (Expected: 200k, Previous: 197k)

Friday, October 9

The application period for the LAPTOP airdrop has ended, and all unclaimed tokens will be burned.

*This is not investment advice.