Chinese technology giants, including Ant Group and JD.com, have reportedly suspended plans to issue stablecoins in Hong Kong after regulators in Beijing voiced concerns over privately controlled digital currencies.
The companies were instructed by the People’s Bank of China (PBoC) and the Cyberspace Administration of China (CAC) to pause these initiatives, the Financial Times reported on Sunday, citing sources familiar with the matter.
“The real regulatory concern is, who has the ultimate right of coinage — the central bank or any private companies on the market?” one source familiar with the discussions told the FT.
Both companies had expressed interest earlier this year in joining Hong Kong’s pilot stablecoin program or launching tokenized financial products such as digital bonds.
Hong Kong began accepting applications for stablecoin issuers in August. Mainland officials had initially viewed the program as an opportunity to promote renminbi-pegged stablecoins and expand the yuan’s international footprint.
However, the momentum soon slowed down as Ye Zhiheng, executive director of the intermediaries division at the Hong Kong Securities and Futures Commission (SFC), warned that the city’s new stablecoin regulatory framework has heightened the risk of fraud.
People’s Bank of China Headquarter, Beijing. Source: Wikimedia
Ye’s remarks followed stablecoin companies operating in Hong Kong posting double-digit losses on Aug. 1, just after the new stablecoin regulation came into force.
Last month, Chinese financial outlet Caixin reported that Beijing had restricted Hong Kong’s stablecoin activity. However, the report was removed shortly after publication, casting doubt on its claims.
Last month, China’s securities watchdog also reportedly instructed several local brokerages to pause their real-world asset (RWA) tokenization activities in Hong Kong, signaling Beijing’s growing unease with the rapid expansion of offshore digital asset ventures.
The move came as tokenization gains momentum in the country. Last week, CMB International Asset Management (CMBI), a Hong Kong-based subsidiary of a major Chinese commercial bank, China Merchants Bank (CMB), tokenized its $3.8 billion money market fund (MMF) on BNB Chain.
Japan’s Financial Services Agency (FSA) is reportedly preparing to review regulations that could allow banks to acquire and hold cryptocurrencies such as Bitcoin for investment purposes.
The move would mark a major policy shift, as current supervisory guidelines, revised in 2020, effectively ban banks from holding crypto due to volatility risks, according to a Sunday report from Livedoor News.
Per the report, the FSA plans to discuss the reform at an upcoming meeting of the Financial Services Council, an advisory body to the Prime Minister. The initiative aims to align crypto asset management with traditional financial products like stocks and government bonds.
Regulators are expected to explore a framework for managing crypto-related risks, such as sharp price swings that could impact a bank’s financial health. If approved, the FSA will likely impose capital and risk-management requirements before permitting banks to hold digital assets.
Japan may let banks operate licensed crypto exchanges
The FSA is also considering allowing bank groups to register as licensed “cryptocurrency exchange operators,” enabling them to offer trading and custody services directly.
Japan’s crypto market continues to grow rapidly, with more than 12 million crypto accounts registered as of February 2025, about 3.5 times higher than five years ago, according to FSA data.
At the start of September, the FSA sought to place crypto regulation under the Financial Instruments and Exchange Act (FIEA), shifting it from the Payments Services Act to strengthen investor protection and align crypto with securities laws.
The regulator said that many issues within crypto resemble those traditionally addressed under the FIEA, so it may be appropriate to apply similar mechanisms and enforcement.
Three of Japan’s largest banks, including Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corp. (SMBC) and Mizuho Bank, have joined forces to issue a yen-pegged stablecoin aimed at streamlining corporate settlements and reducing transaction costs.
Roman Storm, a developer of the Tornado Cash privacy-preserving protocol, asked the open source software community whether they are concerned with being retroactively prosecuted by the US Department of Justice for developing decentralized finance (DeFi) platforms.
Storm asked DeFi developers: “How can you be so sure you won’t be charged by the DOJ as a money service business for building a non-custodial protocol?”
The DOJ could prosecute a case, arguing that any decentralized, non-custodial service should have been developed as a custodial service, as it did in the case against him, Storm added, citing his recent motion for acquittal, which was filed on September 30.
“Our company does not have any ability to affect any change, or take any action, with respect to the Tornado Cash protocol — it is a decentralized software protocol that no one entity or actor can control,” Storm is quoted as saying in the acquittal documents.
Storm was convicted in August on one of three counts; the jury found him guilty of conspiracy to operate an unlicensed money transmission business, setting a dangerous legal precedent for open source software developers and sending shockwaves through the crypto community.
The Jury was gridlocked during deliberations and failed to come to a unanimous consensus on those counts, finding Storm guilty on just the unlicensed money transmitter charge.
“If the Trump administration wants the USA to be the crypto capital of the world, then the DOJ must not be allowed to retry the two deadlocked charges,” Jake Chervinsky, chief legal officer at venture capital firm Variant Fund, wrote on X at the time.
DOJ official Matthew Galeotti addresses the audience at the American Innovation Project summit. Source: American Innovation Project
Matthew Galeotti, the acting assistant attorney general for the DOJ’s criminal division, signaled in August that the DOJ would not initiate a retrial of Storm and would not prosecute similar cases.
“Our view is that merely writing code, without ill intent, is not a crime,” Galeotti told the audience at the American Innovation Project Summit, an event for regulatory advocacy and pro-crypto legislation in the US.
“The department will not use indictments as a law-making tool. The department should not leave innovators guessing as to what could lead to criminal prosecution,” he added.
TRX price prediction shows potential 10-16% upside to $0.34-$0.36 within 4 weeks, though immediate bearish momentum suggests caution around current $0.31 levels.
TRON’s price action is setting up for a potential breakout scenario, though technical indicators present a mixed picture that requires careful analysis. With TRX trading at $0.31 and showing signs of consolidation near Bollinger Band support, our TRX price prediction focuses on key resistance levels that could unlock significant upside potential.
TRX Price Prediction Summary
• TRX short-term target (1 week): $0.315-$0.32 (+1.6% to +3.2%)
• TRON medium-term forecast (1 month): $0.34-$0.36 range (+9.7% to +16.1%)
• Key level to break for bullish continuation: $0.35 (Bollinger upper band)
• Critical support if bearish: $0.30 (strong support confluence)
Recent TRON Price Predictions from Analysts
The latest TRON forecast from multiple sources reveals an interesting divergence in timeframe expectations. Changelly’s conservative TRX price prediction of $0.318 aligns closely with our near-term assessment, acknowledging the current bearish momentum indicated by falling moving averages.
However, PricePredictions.com presents a significantly more bullish TRON forecast with a $1.03 target for October 2025, which appears overly optimistic given current technical conditions. CoinCodex’s $0.343686 prediction offers a more realistic short-term TRX price target that aligns with our technical resistance analysis at $0.35.
The AI-driven forecast from PriceForecastBot suggests a longer-term TRX price target of $0.63591, which represents a more measured approach to TRON’s growth potential over the next 12-15 months.
TRX Technical Analysis: Setting Up for Potential Reversal
Current TRON technical analysis reveals TRX positioned at a critical juncture. The RSI reading of 37.87 places TRON in neutral territory, suggesting the recent selling pressure may be moderating. This RSI level historically provides a foundation for potential rebounds in TRX price action.
The MACD histogram at -0.0021 confirms bearish momentum remains intact, but the magnitude is relatively small, indicating weakening selling pressure rather than accelerating downward movement. TRX’s position at 0.1646 within the Bollinger Bands places it very close to the lower band support at $0.31, often a technical level where oversold conditions begin to reverse.
Volume analysis shows $79.5 million in 24-hour trading activity on Binance, providing adequate liquidity for any potential breakout moves. The proximity to the 52-week low of $0.21 suggests limited downside risk compared to the upside potential toward the 52-week high of $0.37.
TRON Price Targets: Bull and Bear Scenarios
Bullish Case for TRX
Our primary TRX price prediction centers on a break above the immediate resistance at $0.35, which coincides with both the Bollinger upper band and the SMA 50 level. A sustained move above this level could trigger our TRON forecast target of $0.36-$0.37, representing the 52-week high retest.
The bullish scenario requires TRX to first reclaim the SMA 20 at $0.33, followed by a decisive break of $0.35 resistance. Technical indicators supporting this view include the oversold positioning near Bollinger lower bands and the potential for RSI divergence if price begins making higher lows.
Bearish Risk for TRON
The bearish risk scenario for our TRX price prediction involves a break below the critical $0.30 support level. This level represents both strong technical support and proximity to the 200-day moving average, making it a crucial line in the sand for TRON bulls.
A break below $0.30 could trigger our bearish TRX price target of $0.28-$0.29, representing a potential 6-9% decline from current levels. This scenario would likely be accompanied by deteriorating momentum indicators and increased selling volume.
Should You Buy TRX Now? Entry Strategy
Based on our TRON technical analysis, the current risk-reward setup suggests a cautious approach to the buy or sell TRX decision. The optimal entry strategy involves waiting for either a bounce confirmation from current $0.31 levels or a breakout above $0.33 resistance.
For aggressive traders, buying TRX near $0.31 with a tight stop-loss at $0.295 offers an attractive 3:1 risk-reward ratio targeting our TRX price target of $0.34. Conservative investors should wait for a break above $0.33 to confirm the reversal before establishing positions.
Position sizing should remain modest given the mixed technical signals, with no more than 2-3% of portfolio allocation recommended until clearer directional momentum emerges.
TRX Price Prediction Conclusion
Our comprehensive TRX price prediction suggests moderate upside potential over the next 4-6 weeks, with a target range of $0.34-$0.36 representing our base case TRON forecast. The technical setup favors patient buyers who wait for confirmation signals rather than aggressive bottom-fishing.
Confidence Level: Medium – The mixed technical indicators and analyst predictions create uncertainty, but the risk-reward profile favors the upside given current oversold conditions.
Key indicators to monitor for prediction validation include RSI breaking above 45, MACD histogram turning positive, and sustained volume above $80 million during any breakout attempts. Our TRX price prediction timeline extends through November 2025, with initial confirmation signals expected within 7-10 trading days.
The critical level remains the $0.35 resistance breakout, which would validate the bullish scenario and potentially accelerate TRON toward our upper price targets near the 52-week highs.
Litecoin forecast shows potential recovery to $98-$101 range despite current bearish momentum, with critical support at $87-$90 determining LTC’s direction.
Litecoin continues to navigate challenging technical terrain as the cryptocurrency trades at $90.68, showing signs of both potential recovery and continued downside pressure. Our comprehensive LTC price prediction analysis reveals a complex picture where short-term bullish signals clash with medium-term bearish trends.
LTC Price Prediction Summary
• LTC short-term target (1 week): $98.33 (+8.4%)
• Litecoin medium-term forecast (1 month): $87.58-$101.21 range • Key level to break for bullish continuation: $101.21
• Critical support if bearish: $87.58
Recent Litecoin Price Predictions from Analysts
Recent analyst predictions show remarkable consistency in the $96-$101 range for short-term LTC price targets. Changelly’s latest LTC price prediction of $101.21 represents the most optimistic scenario, requiring a breakout above key resistance levels. Meanwhile, AMB Crypto’s AI-driven Litecoin forecast suggests a more conservative $98.33 target, aligning with the current technical setup.
The consensus among recent predictions indicates moderate bullish potential in the immediate term, with most analysts targeting the $98-$101 range. However, longer-term forecasts from 30rates.com paint a more bearish picture, with their LTC price target dropping to $91.49 by month-end and potentially $87.58 by November.
This divergence between short-term optimism and medium-term caution reflects the current technical uncertainty surrounding Litecoin’s price action.
LTC Technical Analysis: Setting Up for Cautious Recovery
Current Litecoin technical analysis reveals a cryptocurrency caught between competing forces. The RSI at 33.87 sits in neutral territory but closer to oversold conditions, suggesting potential for a relief bounce. However, the MACD histogram at -2.2310 continues to signal bearish momentum, creating conflicting signals for traders.
The most telling indicator comes from Litecoin’s position within the Bollinger Bands. At 0.1571, LTC trades near the lower band, historically a level where oversold bounces often occur. The lower band at $83.16 provides crucial support, while the middle band at $107.10 represents the primary resistance level for any meaningful recovery.
Volume analysis shows $43.8 million in 24-hour trading, indicating moderate interest but lacking the conviction needed for a sustained breakout. The Average True Range of $9.57 suggests continued volatility, supporting our prediction range approach rather than precise point targets.
Litecoin Price Targets: Bull and Bear Scenarios
Bullish Case for LTC
Our bullish LTC price prediction centers on a recovery to the $98-$101 range, supported by several technical factors. The primary LTC price target of $101.21 requires breaking above the current resistance cluster around $98.33. This level coincides with the EMA 12 at $99.05, making it a critical technical hurdle.
For the bullish scenario to unfold, Litecoin needs to reclaim the $95 level first, which would signal a break above the 7-day SMA at $94.84. Success here could trigger momentum toward our primary target zone, with $105.22 representing the upper boundary of our Litecoin forecast range.
Bearish Risk for Litecoin
The bearish case for our LTC price prediction focuses on a breakdown below the current support cluster. If Litecoin fails to hold the $87-$90 support zone, the next significant level sits at $83.16, aligning with the Bollinger Band lower boundary.
A more severe bearish scenario could see LTC testing the $87.58 level predicted by 30rates.com for November. This would represent a 3.4% decline from current levels and align with the broader cryptocurrency market’s uncertain sentiment heading into the final quarter of 2025.
Should You Buy LTC Now? Entry Strategy
Based on our Litecoin technical analysis, the current risk-reward setup presents mixed signals for the buy or sell LTC decision. Conservative buyers should wait for a clear break above $95 before entering, with stop-losses placed below $87.50.
More aggressive traders might consider dollar-cost averaging between $88-$92, targeting the $98-$101 range for partial profit-taking. Given the Daily ATR of $9.57, position sizing should account for significant volatility potential.
The optimal entry strategy involves watching for RSI divergence above 40 combined with MACD histogram improvement. These conditions would strengthen confidence in our bullish LTC price prediction scenario.
LTC Price Prediction Conclusion
Our comprehensive Litecoin forecast suggests a cautiously optimistic outlook for the next 2-4 weeks, with LTC price prediction models pointing toward the $98-$101 recovery zone. However, medium-term risks remain elevated, particularly if broader market sentiment deteriorates.
Confidence Level: Medium (65%)
Key indicators to monitor: RSI breaking above 40, MACD histogram turning positive, and successful defense of $87.50 support.
Timeline: Short-term targets (1-2 weeks) favor the $98.33 level, while medium-term outlook (1 month) suggests range-bound trading between $87.58-$101.21. The critical juncture for our LTC price prediction will likely occur within the next 7-10 trading days as Litecoin approaches these key technical levels.
ATOM price prediction shows potential recovery to $4.35 resistance level as oversold conditions and analyst targets suggest upside despite current bearish momentum.
ATOM Price Prediction Summary
• ATOM short-term target (1 week): $3.64 (+13.8%) – aligning with CoinCodex forecast
• Cosmos medium-term forecast (1 month): $3.76-$4.35 range with potential breakout scenario
• Key level to break for bullish continuation: $4.35 immediate resistance
• Critical support if bearish: $2.95 (52-week low) and $2.85 Bollinger lower band
Recent Cosmos Price Predictions from Analysts
The latest ATOM price prediction landscape reveals a divided analyst community with significantly varying targets. PricePredictions.com presents the most optimistic Cosmos forecast with a $12.78 medium-term ATOM price target, representing a massive 299% upside from current levels. This prediction relies heavily on Fibonacci retracements and moving average convergence scenarios.
In contrast, short-term focused analysts remain conservative. CoinCodex projects a modest $3.64 ATOM price target by November 12, while DigitalCoinPrice suggests an even more restrained $3.76 by today’s date. The consensus among short-term predictions indicates cautious optimism, with most analysts expecting ATOM to trade within a narrow range before any significant directional move.
The stark difference between short and medium-term predictions suggests analysts see current price action as a consolidation phase before a potential major breakout.
ATOM Technical Analysis: Setting Up for Recovery
Current Cosmos technical analysis reveals ATOM trading at oversold levels with several indicators suggesting a potential reversal setup. The RSI reading of 35.60 sits in neutral territory but closer to oversold conditions, historically a favorable zone for ATOM price recoveries.
The MACD histogram at -0.0512 shows bearish momentum, but the relatively small negative reading suggests selling pressure may be waning. ATOM’s position at 0.1869 within the Bollinger Bands indicates the token is trading near the lower band support at $2.85, often a technical bounce zone.
Volume analysis shows $4.1 million in 24-hour Binance spot trading, which represents moderate interest but lacks the conviction seen during major trend reversals. The daily ATR of $0.39 suggests ATOM maintains healthy volatility for potential price movements in either direction.
Cosmos Price Targets: Bull and Bear Scenarios
Bullish Case for ATOM
The primary bullish ATOM price prediction centers on a recovery to the immediate resistance at $4.35, representing a 36% upside from current levels. This target aligns with recent price action and the EMA 12 at $3.48 serving as the first hurdle.
A successful break above $4.35 opens the door to test the SMA 50 at $4.17 and eventually the strong resistance at $4.89. The most optimistic scenario sees ATOM challenging the 52-week high at $5.38, though this would require significant volume confirmation and broader crypto market support.
For the bullish Cosmos forecast to materialize, ATOM needs to reclaim the SMA 20 at $3.77 and maintain above the pivot point at $3.19.
Bearish Risk for Cosmos
The bearish ATOM price prediction scenario focuses on a breakdown below the critical $2.95 support level, which represents the 52-week low. A decisive break below this level could trigger algorithmic selling and push ATOM toward the psychological $2.50 level.
The Bollinger lower band at $2.85 serves as immediate support, but sustained trading below this level would confirm bearish momentum. Risk factors include continued crypto market weakness, reduced staking rewards, or negative developments in the Cosmos ecosystem.
Should You Buy ATOM Now? Entry Strategy
Based on current Cosmos technical analysis, the optimal buy or sell ATOM decision depends on risk tolerance and timeframe. Conservative investors should wait for a clear break above $3.48 (EMA 12) before considering long positions, with a stop-loss at $2.85.
Aggressive traders might consider accumulating ATOM near current levels around $3.20, anticipating a bounce from oversold conditions. Position sizing should remain modest given the mixed technical signals, with stops placed below the $2.95 support level.
The most prudent approach involves scaling into positions, buying 30% at current levels, 40% on any dip to $3.00, and the remaining 30% if ATOM tests the $2.85 Bollinger support.
ATOM Price Prediction Conclusion
The comprehensive ATOM price prediction analysis suggests a cautiously optimistic outlook with a medium confidence level. Technical indicators point to potential upside toward $4.35 within the next 30 days, supported by oversold RSI conditions and analyst forecasts.
Key indicators to monitor include the RSI breaking above 40 for bullish confirmation, MACD histogram turning positive, and volume increasing above $6 million daily. Invalidation of this Cosmos forecast would occur on a break below $2.85 with sustained selling pressure.
The timeline for this prediction centers on the next 2-4 weeks, with the first test coming at the $3.48 EMA 12 level. Traders should prepare for volatility as ATOM navigates between critical support and resistance levels in an evolving crypto market environment.
A drop toward the $2 support level is possible in the coming days, as bulls pin their hopes on a rebound.
Ripple is reportedly planning to raise $1 billion to purchase XRP (XRP) for its own digital asset treasury. This move could make it the world’s largest corporate holder of this top-five cryptocurrency.
However, XRP bulls largely ignored the news on Friday, with the price falling 8.75% after the Oct. 17 announcement, while continuing its prevailing downtrend, as shown below.
Can XRP break out of its prevailing downtrend in October?
XRP price eyes recovery after testing $2 support
Looking broadly, XRP has been fluctuating within a falling wedge pattern after last week’s crypto market rout, which liquidated a record $20 billion or more in positions.
The price could still dip toward the $2 support level, coinciding with the wedge’s lower boundary and serving as a potential reversal zone.
XRP/USDT four-hour chart. Source: TradingView
A breakout above the wedge’s upper trendline could trigger an upside toward the $2.36–$2.75 range, up 5-20% from current price levels, in October.
Potential short liquidations at these levels could add momentum toward $3, a psychological resistance target further aligning with the upper boundary of XRP’s descending triangle pattern.
XRP/USDT weekly chart. Source: TradingView
Conversely, a close below $2 would invalidate the wedge setup, inviting further downside pressure toward $1.65, the 0.618 Fibonacci retracement level, by month’s end.
Longer term: XRP still on track for a breakout
On longer-term charts, XRP is maintaining its ascending triangle breakout scenario despite plunging 60% during last week’s “black Friday.”
As of Friday, the cryptocurrency was holding above the triangle’s lower trendline near $2.25 while eyeing a rebound toward the upper trendline near $3.55.
XRP/USDT weekly price chart. Source: TradingView
A breakout above $3.55 with significant volumes could send the price to as high as $7.75, representing a 250% increase from current levels, by early 2026.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The UK tax authority has ramped up its scrutiny of crypto investors, doubling the number of warning letters sent to those suspected of underreporting or evading taxes on digital asset gains.
HM Revenue & Customs (HMRC) issued nearly 65,000 letters in the 2024–25 tax year, up from 27,700 the year before, the Financial Times reported on Friday, citing data obtained under the Freedom of Information Act.
The letters, known as “nudge letters,” are designed to prompt investors to voluntarily correct their tax filings before formal investigations are launched.
The sharp increase reflects HMRC’s growing focus on crypto-related tax compliance. Over the past four years, the agency has sent more than 100,000 such letters, with activity accelerating as crypto adoption and asset prices surged.
Example of a previous nudge letter sent in 2024. Source: kc-usercontent
The Financial Conduct Authority estimates that seven million UK adults now hold crypto, up from around 10% (5 million) in 2022 or 4.4% (2.2 million) in 2021, showing the growing interest.
“The tax rules surrounding crypto are quite complex and there’s now a volume of people who are trading in crypto and not understanding that even if they move from one coin to another it triggers capital gains tax,” Neela Chauhan, a partner at UHY Hacker Young, which submitted the FOI request, told the FT.
HMRC’s visibility into the market has improved dramatically. The agency now receives transaction data directly from major crypto exchanges and will gain automatic access to global exchange data from 2026 under the Organisation for Economic Co-operation and Development (OECD)’s Crypto-Assets Reporting Framework (CARF).
US senators are exploring updates to crypto tax policy, including exempting small transactions from taxation and clarifying how staking rewards are treated.
During a Senate Finance Committee hearing earlier this month, lawmakers debated whether everyday crypto payments should trigger capital gains tax and how to fairly classify income generated from staking services. Coinbase’s vice president of tax, Lawrence Zlatkin, urged Congress to adopt a de minimis exemption for crypto transactions under $300.
Meanwhile, South Korea’s National Tax Service (NTS) has also intensified its crackdown on crypto tax evasion, warning that even assets stored in cold wallets will be seized if linked to unpaid taxes.
XTZ price slides 2.9% to $0.58, approaching critical Bollinger Band support as technical indicators flash bearish signals following recent market volatility.
Quick Take
• XTZ trading at $0.58 (down 2.9% in 24h) • Price testing lower Bollinger Band support after recent volatility • RSI at 35.80 suggests oversold conditions developing • Following broader crypto weakness with Bitcoin correlation intact
Market Events Driving Tezos Price Movement
Trading on technical factors in absence of major catalysts, XTZ price action reflects the recent market volatility patterns established over the past week. The October 14 market downturn that saw Tezos decline 4.99% to $0.625 continues to weigh on sentiment, despite the brief recovery attempt on October 15 that pushed XTZ to $0.6077.
The correlation with Bitcoin remains strong, as evidenced by XTZ’s synchronized movements with BTC during the recent market swings. With Bitcoin experiencing downward pressure today, Tezos is following the broader cryptocurrency market trend, indicating that macro crypto sentiment rather than Tezos-specific fundamentals is driving current price action.
No significant protocol updates, partnership announcements, or regulatory developments have emerged in the past 48 hours to provide directional catalysts for XTZ price movement.
XTZ price is currently trading near its lower Bollinger Band at $0.56, with the current price of $0.58 representing just a 3.6% buffer above this technical support level. The positioning below all major moving averages signals continued bearish momentum, with the 7-day SMA at $0.61 acting as immediate resistance.
The 24-hour trading range of $0.56-$0.61 demonstrates compressed volatility, typical of consolidation phases. Binance spot volume of $1.46 million reflects moderate institutional interest, suggesting market participants are waiting for clearer directional signals.
Key Technical Indicators
The RSI reading of 35.80 indicates XTZ is approaching oversold conditions, historically a level where short-term bounces often occur. However, the MACD remains in bearish territory at -0.0332, with the histogram showing continued negative momentum divergence.
The Bollinger Band %B position of 0.0866 confirms XTZ is trading in the lower 10% of its recent range, a technical condition that often precedes either support bounces or breakdown accelerations.
Critical Price Levels for Tezos Traders
Immediate Levels (24-48 hours)
• Resistance: $0.61 (7-day SMA and recent trading range high) • Support: $0.56 (lower Bollinger Band and 24-hour low)
Breakout/Breakdown Scenarios
A break below $0.56 support could trigger selling toward the $0.43 level, representing both immediate and strong support confluence. Conversely, reclaiming $0.61 resistance would target the $0.66 middle Bollinger Band, coinciding with the 20-day SMA.
XTZ Correlation Analysis
• Bitcoin: XTZ maintaining high positive correlation, following BTC’s directional moves with minimal divergence • Traditional markets: Limited direct correlation to S&P 500 movements during the recent period • Sector peers: Trading in line with mid-cap altcoins, showing no relative strength or weakness
Trading Outlook: Tezos Near-Term Prospects
Bullish Case
A successful defense of $0.56 support combined with RSI oversold conditions could spark a relief rally toward $0.61-$0.63. Bitcoin stabilization above key levels would provide the macro backdrop needed for XTZ technical bounce.
Bearish Case
Failure to hold lower Bollinger Band support opens the path to $0.49 (52-week low retest) or the stronger support zone at $0.43. Continued Bitcoin weakness would likely accelerate any XTZ breakdown.
Risk Management
Conservative traders should consider stop-losses below $0.55 to limit exposure to breakdown scenarios. Given the current ATR of $0.05, position sizing should account for potential 8-10% daily volatility swings.
Dankrad Feist, a longtime Ethereum developer and researcher at the Ethereum Foundation, announced Friday that he’s joining Tempo, a layer-1 blockchain for payments and stablecoins built by Stripe and Paradigm.
Feist said he will remain as a “research adviser” at the Ethereum Foundation to provide input on scaling the layer-1 network, improving user experience (UX), and blobs, a feature of the Ethereum network that frees up blockspace by temporarily storing data. He added:
“Tempo’s open-source technology can easily integrate back into Ethereum, benefiting the entire ecosystem. Ethereum and Tempo are strongly aligned, as they are built with the same permissionless ideals in mind.
I am looking forward to staying involved with the community and continuing to push Ethereum forward,” he said. Cointelegraph reached out to Feist but was unable to receive a response by the time of publication.
The announcement drew mixed reactions from the Ethereum community, with some sending messages of support and others seeing it as a loss of one of the Ethereum ecosystem’s most significant contributors during a year of significant change for the ecosystem.
Crypto community divided on Stripe’s Tempo blockchain
The crypto community also remains divided regarding the Tempo blockchain and whether a payments-focused, dedicated stablecoin blockchain network is even needed.
“No one wants another chain,” Joe Petrich, head of engineering at non-fungible token (NFT) platform Courtyard, said in response to Stripe CEO Patrick Collison’s Tempo announcement, adding that there is “no need for yet another chain.”
Ethereum Foundation researcher Devansh Mehta also questioned the decision to launch Tempo as a purpose-built blockchain instead of just becoming an Ethereum layer-2 scaling network.
App-specific layer-1 chains that must build out their own validator set suffer from centralization issues and could face increased legal liability, Mehta said.
The debate comes amid a time of tension between Ethereum and its many layer-2 scaling solutions, which some have characterized as cannibalizing Ethereum’s base layer revenue and a downward force on Ether’s (ETH) price despite bringing user traffic to the ecosystem.
