Cryptocurrency markets are consolidating on Tuesday morning while showing notable weakness against other commodities like gold.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $112,776.90 |
| Ethereum | (CRYPTO: ETH) | $4,183.97 |
| Solana | (CRYPTO: SOL) | $218.33 |
| XRP | (CRYPTO: XRP) | $2.86 |
| Dogecoin | (CRYPTO: DOGE) | $0.2398 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001222 |
Notable Statistics:
- Coinglass data shows 162,094 traders were liquidated in the past 24 hours for $356.06 million.
- SoSoValue data shows net outflows of $363.2 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $75.95 million.
Trader Notes: Ted Pillows said BTC remains rangebound, with $115,000 as the key resistance to reclaim. Losing $108,000 could open the door to a deeper correction toward $100,000.
Michael van de Poppe added that a bounce here could push BTC back to $115,000, but failure risks a drop into the $106,000–$108,000 "max buy zone."
For Ethereum, van de Poppe expects more sideways movement, possibly dipping toward $3,550–$3,750. With ETH nearly 20% off its highs and compression building near the 20-week MA, he sees this as a reasonable accumulation zone.
Scient highlighted SOL breaking out after seven weeks of range-bound trading, now pausing at all-time high supply. A retest of the $190–$175 weekly breaker could be a heavy entry point, with higher levels expected if the structure holds.
Degen Hardy noted XRP consolidating above support while forming a falling wedge pattern, which may set up a bullish breakout as "Uptober" approaches.
Mags aka TheScalpingPro predicted a vertical move targeting $1, just 3.3x from current levels. He compared current skepticism to 2020, when DOGE delivered a 170x rally despite disbelief.
Read Next:
- ‘I’m Not A Crypto Person At All’, Says Billionaire Investor Who Sees Bitcoin’s Momentum Stalling
Image: Shutterstock
