The market dominance of Ethereum should not be forgotten as the market-wide recovery affects SHIB and XRP, which are rallying forward and might see a bullish rally continuation starting from Sept. 10. Despite our previous gloomy market review, the overall state of the industry is becoming healthier.

Don’t forget Ethereum

At a time when many altcoins are still having difficulties, Ethereum (ETH) has once again reminded the market of its dominance and resilience. The fact that ETH, the second-largest cryptocurrency by market capitalization, has recovered well from recent declines and is currently trading at about $4,372 shows that it still has the strength to influence overall market trends.

Following its ascent above the crucial $4,000 support zone, ETH steadied itself within a narrow range without ever displaying signs of weakness. By acting as a dependable floor and deterring bears, the 50-day EMA at $4,168 has offered a solid technical foundation for a recovery. Now that ETH is maintaining a strong hold above this level, traders are paying closer attention to a potential trend reversal that might push the token back toward the $4,600-$4,800 resistance zone.

Ethereum’s ability to hold its ground while Bitcoin consolidates is what makes this most recent move noteworthy. With ETH potentially leading the next bullish wave instead of just following BTC, this decoupling suggests a change in the market’s structure. This view is supported by the RSI, which is currently at 52, indicating that Ethereum has recovered from overbought conditions while still having a lot of room to rise.

Volume has stabilized, indicating steady participation without speculative blow-offs, despite not being as explosive as it was during the rally in July. This stability is crucial because Ethereum has the technical basis to stage another leg higher if inflows of new capital resume.

Ethereum’s recent performance is a reminder of its dominance on the cryptocurrency market. It is evident that the asset is far from depleted when it maintains above $4,000 and defends its moving averages. ETH may be the first significant altcoin to signal a significant market-wide reversal if the current momentum continues, reaffirming its position as the leader in price action and innovation in the digital asset space.

XRP takes its shot

XRP is pushing above $3.00 after recovering from the $2.77 support zone, indicating that it is once again showing signs of strength. This move appears promising at first glance, particularly given that the asset has tested and remained above important short-term moving averages.

However, given the state of the market, investors should exercise caution because what appears to be the beginning of a breakout could still be a dead cat bounce. From July highs around $3.80, the chart shows a distinct descending resistance line, which XRP is currently reapproaching. A stronger bullish case would be confirmed by breaking through, but history demonstrates that such levels frequently serve as a trap for eager buyers.

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A quick retracement and another rejection could result from failing to maintain momentum at this point. The 50-day EMA at $3.07 is a potential immediate resistance level that heightens the caution. It is probable that sellers will reenter the market if XRP does not close significantly above it. A break below the 200-day EMA at $2.53 would turn the structure bearish once more, with the 100-day EMA at $2.78 serving as crucial support.

Momentum indicators lend credence to this cautious perspective. The RSI is at 55, slowly rising but not yet displaying a strong sense of bullishness. The current rally may not have the depth required for a long-lasting trend reversal, as evidenced by the muted volume, in contrast to the explosive rallies earlier this summer.

Even though XRP’s rise above $3.00 is positive, it is still much too soon to rejoice. Before announcing a win, traders should prepare for the possibility of rejection and revocation. The current move runs the risk of being little more than a brief bounce unless XRP can break its descending trendline with significant volume.

Shiba Inu speeds up

Following its breakout from a consolidation pattern, Shiba Inu’s rally is evidently picking up speed. After soaring past the $0.00001287-$0.00001297 resistance cluster created by the short-term moving averages, the token is now trading close to $0.00001307. Bulls now feel more confident, and the technical setup of SHIB has received more attention as a result of this breakout. SHIB appears well-positioned for future gains at its current levels. 

The next significant test is the 200-day EMA at $0.00001386; a strong breakout above it might push the rally further toward the $0.00001500-$0.00001600 region, which was last observed in mid-August. Momentum indicators lend credence to this optimistic outlook: the RSI has increased to 55, indicating increasing buying interest without yet displaying overbought conditions. Additionally, the volume has increased, confirming that this rally has real momentum.

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The longer-term structure has not changed much despite the short-term outlook appearing solid. SHIB is still trading well below the $0.00002000 levels, which marked the end of the summer rally, and the asset is still threatened by the larger downtrend that started following the 2021 highs. Though encouraging, the current breakout does not yet signify a significant change in Shiba Inu’s macro outlook.

The 200 EMA, which frequently serves as a major barrier, is another area where investors should be wary of possible volatility. If Shiba Inu does not make a strong push, there may be a retracement back toward the support level of $0.00001280. There is a strong technical setup for short-term traders to keep an eye on, and Shiba Inu’s bullish rally is accelerating at the current levels.

The current state of the market expresses some hope for bulls as multiple assets are showing signs of accumulation and might provide us with grounds for recovery sooner than anticipated. Risks of a bearish reversal are still there, though.

Expectations surrounding possible rate cuts by the Federal Reserve in September are nearing peak levels, especially among crypto investors. Historically, Fed rate cuts have often meant the start of a bull run since it signals to investors to take more positions in risk assets such as Bitcoin and crypto. Thus, with only two weeks left to the next FOMC meeting, votes are already coming in for what the Fed will do and how the crypto market will react.

Probability Climbs Above 97%

The CME Watch Tool from the CME Group website is now showing the highest probability so far for a Fed rate cut in September. The percentage had fluctuated over the month of August, rising above 92% and then falling back to 75% again as different developments popped up. However, as the market entered the month of September, sentiment has skewed completely toward the positive, and the probabilities have risen drastically.

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Bitcoinist had reported that the probability had fallen to 75% toward the end of August. But now the figure is back again, reaching the highest level so far, ahead of the FOMC announcement. The Fed Watch Tool now reads a 97.6% chance that the Fed will cut rates this September and trigger another bull run.

This figure means that there is now only a 2.4% probability that the Fed would choose to keep rates at the same level as they did the last time. In contrast, there is still a 0% chance that there will be a rate hike this September. In fact, there have not been talks of a Fed rate hike for months now, suggesting that all focus remains on the rate cuts.

How The Crypto Market Could React

Naturally, a Fed rate cut is bullish for both the stock and crypto markets as it allows investors to take on more risks. This triggers a flow of liquidity into the market, driving up prices rapidly, while also increasing the volatility of the market at the same time.

The expectation is that the crypto market could rally off the news, especially as US President Donald Trump has been in support of rate cuts for months now. However, there is also the need to be cautious due to high expectations often leading to dashed hopes.

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In a report, the on-chain data analytics platform Santiment revealed that social conversations with the words “Fed”, “rate”, and “cut” had risen to the highest level in almost one year. This suggests a lot of bullishness already surrounding the FOMC meeting. But periods like these have often marked the top, leading to a possible “buy the rumor, sell the news” event.

If the latter is the case, then it would mean that prices could rise leading up to the FOMC meeting and then crash if the announcement is different from expectations. Thus, it would be wise to be cautious around this period, especially with the expectation of high volatility.

Featured image from Dall.E, chart from Tradingview.com

Solana (SOL) validators concluded the governance process for Alpenglow (SIMD-0326) on Sept. 2, positioning SOL for a potential run to $250.

The community vote tallied 98.27% in favor, 1.05% opposed, and 0.69% abstaining, with 52% of the total stake participating in the decision.

Alpenglow represents a complete overhaul of Solana’s consensus architecture, replacing the existing Proof-of-History and TowerBFT mechanisms with a modern protocol designed for performance and resilience.

Reducing transaction finality

The upgrade introduces Votor, a direct-vote-based system that finalizes blocks through single or dual-round voting processes depending on network conditions.

The protocol transformation promises to slash transaction finality from TowerBFT’s current 12.8 seconds to as low as 100-150 milliseconds.

The network achieves bandwidth efficiency gains by eliminating heavy gossip traffic that currently burdens the system.

Alpenglow’s architecture centers on direct validator communication using cryptographic aggregates to prove consensus.

Validators exchange votes directly rather than through the network’s gossip protocol, reducing computational overhead and communication costs.

Technical implementation and market impact

Alpenglow operates on a “20+20” resilience model, maintaining network liveness even when 20% of validators act maliciously and another 20% remain unresponsive.

The protocol divides time into slots with predetermined leaders responsible for consecutive periods called leader windows.

Shawn Young of MEXC Research noted the upgrade could position Solana faster than standard web search response times, potentially driving developer and institutional adoption.

Young projected that SOL could reach $215 by the end of September and $250 by the end of the fourth quarter, citing technical improvements alongside growing institutional treasury holdings that exceed $1.7 billion.

The governance process spanned epochs 833-842, including discussion periods, stakeholder weight collection, and token distribution through the adapted Jito Merkle Distributor tool.

Implementation details and timeline for network deployment remain under development as validators prepare for the consensus transition.

Economic restructuring and validator incentives

The upgrade fundamentally changes Solana’s economic model by moving voting off-chain. Validators will no longer submit vote transactions for each slot, eliminating bandwidth overhead and transaction fees.

Instead, the protocol introduces the Validator Admission Ticket (VAT), requiring validators to pay 1.6 SOL per epoch as an upfront cost to maintain economic barriers to participation.

Leaders receive compensation for aggregating and submitting vote data, earning rewards equal to the total value of all votes included in their aggregates.

Additional bonuses apply for processing fast-finalization or finalization certificates, recognizing the higher computational costs associated with these services.

This improvement positions Solana’s performance closer to Web2 application response times while maintaining blockchain security guarantees.

Mentioned in this article

Ostium Labs argues that Bitcoin’s uptrend remains intact after August’s reversal, but it draws a bright red line at $98,000. In its September 1 Market Outlook, the firm writes: “Closing below $98k on this timeframe would turn weekly structure bearish,” adding that “above $98k weekly structure is still bullish and therefore we should anticipate the formation of a higher-low.”

At publication time, Ostium referenced BTC around $108,017, with the August monthly candle settling “firmly red” after wicking through the record to roughly $124.5k and closing near prior resistance-turned-support around $108.2k.

Key Bitcoin Price Levels To Watch Now

On the monthly chart, Ostium sees no evidence of a 2021-style cyclical top. The note acknowledges some momentum divergence on RSI but stresses the absence of confirmation from the Awesome Oscillator: “AO has continued to point towards building momentum throughout the uptrend… I do not think this is even remotely similar to the 2021 top formation.”

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The bear case strengthens only if September “closes below the 2025 open at $93.3k and therefore below local trendline support.” For the bullish path, the team wants September to find support “above the yearly open, but likely much higher around the July lows at $105k,” and “ideally” finish the month green “above the August open at $115k,” a configuration they say would “set us up for expansion beyond the highs in October.”

Weekly structure, by Ostium’s read, “showed no exhaustion on the move higher” and has now reset toward 50 on RSI, a profile the firm says supports trend continuation. Should the market carve a higher low early in September and reclaim momentum, a weekly close “back above $112k leads to a retest of the August open and potentially $117.5k into FOMC with a retest of the highs before month-end.”

The daily timeframe remains the near-term hurdle. Ostium characterizes the pullback as “orderly,” with supports flipped to resistance on the way down and “the key level… obviously the $112k prior all-time high,” which served as support in early August and then “reclaimed resistance” on last week’s leg lower.

“A breakout and close above the trendline and back above $112k would look like the bottom is in,” they write. A failed probe—“wick above the trendline into $112k and reject”—would bias price toward “the June open at $104.5k, with the 200dMA below that at $101.3k being key demand.” In derivatives, CoinGlass liquidation heatmaps for Binance’s BTC/USDT pair over one week and one month show dense liquidation bands layered above the $114k cap and clustered below around the $120k region, while no significant levels are visible to the downside.

With a macro-heavy week ahead— ISM prints, JOLTS, the Fed’s Beige Book, jobless claims, ADP, ISM Services, and Friday’s Nonfarm Payrolls—Ostium lays out conditional tactical setups. For longs, they prefer evidence of exhaustion into support: trendline resistance respected, “today’s low” taken out via a liquidation wick into the June-open/200-day cluster, and bullish divergence forming there before bidding for a move back to the weekly open and the $112k retest. For shorts, they prefer a sharp early-week squeeze into $112k “with trend exhaustion… having not taken out today’s low around $107k,” fading the pop back into weekly lows with risk reduced if it unfolds ahead of NFP.

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Ostium also surveys positioning, pointing to snapshots across Velo and CoinGlass, three-month annualized basis, and the mix between Bitcoin and altcoin open interest, as well as one-week and one-month liquidation maps. While it refrains from headline claims on those dashboards, the note’s technical levels line up with the most concentrated liquidation density visible in the attached heatmaps, where stacked interest remains perched near the $112k pivot overhead and layered through the $105k–$101k demand shelf.

DXY As Tailwind For The BTC Price

The report extends beyond Bitcoin. The dollar backdrop, in Ostium’s framework, remains a tailwind for BTC into year-end. With DXY around 97.2, the firm says the current sequence rhymes with past cyclical drawdowns and expects “DXY to break below 96 and push towards at least 94.6, but more likely 93,” where a bottoming formation could emerge above the 200-month moving average. The secular DXY bull case is not dismissed; rather, Ostium situates the present leg as the final cyclical downswing before a higher-low and multi-year recovery, contingent on policy outcomes. A decisive monthly reclaim of 100 would invalidate the near-term bearish DXY view.

Across assets, the through-line of Ostium’s September map is clarity on thresholds. For Bitcoin, a weekly loss of $98,000 would be the first structural break of the cycle; a daily reclaim of $112,000 would strongly argue the local low is in; and a monthly hold above $105,000 with a close back over $115,000 would tee up fresh highs into October.

At press time, BTC traded at $110,610.

Featured image created with DALL.E, chart from TradingView.com

Crypto analyst Unichartz has highlighted a Dogecoin squeeze that could spark the next massive move to the upside for the meme coin. This comes amid a broader crypto market crash, which has also led to a decline for the foremost meme coin. 

Dogecoin Showing A Promising Structure

In a TradingView post, Unichartz declared that a Dogecoin squeeze is incoming. He noted that the meme coin is currently showing a promising structure as it trades within a rising wedge formation. The analyst added that the DOGE price is holding above a rising support line, which it has respected multiple times, indicating a sign of bullish intent from buyers. 

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His accompanying chart showed that this Dogecoin squeeze could lead to a rally to the psychological $0.3 level. If that happens, it will mark the first time DOGE reaches this level since a multi-year high of around $0.48 in 2024. It will also mark a 2025 high for the meme coin, with its current high at around $0.28. 

Unichartz revealed that a descending resistance line and a key horizontal supply zone at around $0.28 are acting as a strong barrier for the meme coin. He remarked that DOGE will need to flip this confluence zone cleanly for it to see a breakout and push higher. In the meantime, the meme coin continues to decline alongside the broader crypto market. 

Dogecoin has dropped from a recent high of around $0.24 and is down over 8% in the last seven days. This has occurred thanks to the massive drop in the Bitcoin price, with the flagship crypto on a downtrend since it reached a new all-time high (ATH) of $124,000 two weeks ago.

The Goal Is For DOGE’s Stoch RSI To Cross The 20 Level

In an X post, crypto analyst Kevin Capital said that the goal is for Dogecoin’s Stochastic Relative Strength Index (Stoch RSI) to cross the 20 level and show a follow-through. He explained that anything below that level is a sign of weak momentum. This technical indicator is currently crossing to the upside and is at the 13 level.  

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This is significant, as Kevin noted that monthly Stoch RSI crosses on Dogecoin, outside of the bear market, and, along with an uptrending monthly RSI, ultimately lead to massive rallies. He further remarked that DOGE’s biggest move of the cycle is likely if Bitcoin can move higher and Ethereum ultimately enters into price discovery with a dropping BTC dominance. The analyst added that DOGE just needs a little more time for BTC and the macro to support this move.

At the time of writing, the Dogecoin price is trading at around $0.21, down almost 2% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Getty Images, chart from Tradingview.com

XRP’s price action this cycle has been full of notable bull runs. However, according to a crypto analyst known pseudonymously as CryptoBull, the real bull run is yet to begin. According to a technical analysis posted on X by this analyst, when XRP finally begins its bull run, the massive swing will take its price action to as high as $37. 

Analyst Says XRP Bull Run Hasn’t Started Yet

XRP has displayed wide price swings in the past week, moving between $2.78 and $3.12 as volatility intensified across the wider crypto market. The token opened the week at $2.86 after a sharp sell-off, bounced back above $3.07 in a midweek surge, then retraced again before recovering to around $2.92 at the time of writing. These movements have kept XRP locked around the $3 level, which is shaping up as both resistance and support in the short term.

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Despite the price hovering around $3, which is still a 400% increase from its price point a year ago, crypto analyst CryptoBull argued that XRP has not yet entered its true bull run phase. In a post on X, the analyst highlighted how the current chart structure is repeating the pattern seen between 2015 and 2018. During that cycle, XRP traded in a prolonged sideways range before breaking into its historic rally that carried its price to an all-time high of $3.4. 

Although XRP has already broken past this price point to register a new peak of $3.65 this cycle, it is still closing below its previous peak. According to the analyst, this means that the breakout to new highs has not been confirmed. The accompanying chart reinforces this view, showing a consolidation just below the old ATH, with an arrow pointing to where the bull run begins.

A Path To $37 If History Repeats Itself

The most important takeaway here is for XRP to start closing above its previous all-time high of $3.4, especially on the weekly candlestick timeframe. According to CryptoBull, XRP would still be positioned to surge as high as $37 if this happens. This price target is based on the previous breakout in 2017, albeit with a reduced percentage gain.

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If realized, this would represent more than a 1,130% increase from today’s price levels. Based on XRP’s current circulating supply, this would translate to a market cap of over $2.4 trillion. To put this into perspective, Bitcoin’s current market cap is currently about $2.2 trillion.

Although this target might be too bullish, some XRP proponents have suggested that a Spot XRP ETF approval later this year could be the catalyst needed to ignite such a move. Others have even pointed to a larger price target above $100 contingent on XRP’s adoption among banks and other financial institutions.

At the time of writing, XRP is trading at $2.92, down by 2.7% in the past 24 hours.

Featured image from iStock, chart from Tradingview.com

A crucial question has been raised by Bitcoin’s recent market performance: Is the bull run already over, or is this just a mid-cycle pause? BTC has had difficulty maintaining upward momentum since hitting a new high earlier this summer, and recent price action indicates the rally may be losing steam. Because Bitcoin has failed to stay above the 50-day EMA, this is the main problem. In the past, this level has served as a solid basis for bullish continuation, however, in the present configuration Bitcoin tried to break through but failed.

The rejection at this moving average indicates a market where buying pressure is insufficient to sustain the subsequent leg up, and indicates a weakness in demand. Volume has been continuously dropping, adding to the bearish weight, and indicating that traders are not very confident. Every correction during prior strong bull phases was greeted by aggressive buybacks and increased volume inflows. Now, the lack of these indicators suggests hesitancy on the part of investors who are hesitant to commit to additional upside.

The next logical area of support for Bitcoin is around the 100 EMA, which is close to $111,000, if it is unable to regain the 50 EMA anytime soon. A test of that area might significantly strain sentiment, and possibly prolong the correction. The story would change from a healthy retracement to a more comprehensive trend reversal if it breaks below it.

The failed 50 EMA breakthrough, however, indicates that the road to higher highs might be postponed for the time being. The main resistance level that investors should keep a close eye on is $116,000. Talk of a sustained bull run seems premature in the absence of a clear move above it.

Shiba Inu is anemic

Shiba Inu’s recent trading sessions have seen nearly zero volatility, signaling the start of an extremely stagnant phase. Although symmetrical triangles are frequently used to precede breakouts, the current dynamics indicate that SHIB may be headed for a protracted period of sideways movement rather than an explosive rally.

According to the chart, SHIB has been steadily tightening between levels of support and convergent resistance. Every recovery attempt has been capped by the upper descending trendline, and the July ascending support has prevented the token from dropping further. This gives the appearance of a balanced market that lacks clear-cut momentum.

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It is a double-edged sword that volatility has dropped to almost zero. It lessens the possibility of unexpected malfunctions in the near future, on the one hand. On the contrary, it indicates that liquidity is dwindling and that traders are generally disinterested at current levels. The price may move indistinguishably for weeks as a result of this type of compression.

There has been a consistent drop in volume, and the token is still below its major moving averages. A breakout from this triangle might be more noise than signal if there isn’t a significant catalyst or a spike in demand. This means patience is key for investors.

The absence of volatility raises the possibility that stagnation rather than growth will characterize the foreseeable future, even though the symmetrical triangle can ultimately resolve in either direction. It is unlikely that the market will regain momentum in the near future unless SHIB recovers important levels above $0.0000135 and $0.0000141.

XRP’s bounce

After a sharp decline, XRP recently made one of the most unexpected recoveries of the summer, rising above the 50-day EMA. The asset appeared destined to decline further toward the 100-day EMA near $2.75, making this recovery nearly impossible. Rather, XRP abruptly reversed course, pushing back above short-term resistance and surprising the market. Because of how swiftly sentiment changed, the move has been called an unthinkable comeback.

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A few sessions ago, XRP was on the edge of diving below the 100 EMA as it struggled to stay above $2.80. Volume was declining, and momentum indicators were weak. Nevertheless, the market managed to muster enough strength to push the token back above the 50 EMA, giving investors hope for a possible continuation rally.

There is a catch to this rally though. Although the 50 EMA breakout appears promising, XRP never really broke through its 26 EMA support. It may not be as strong as it looks because the price tested it several times but was unable to close much below it. In summary, technical resilience rather than fresh demand is the foundation of XRP’s recovery. This raises doubts about the rally’s viability.

Should XRP fail to gain traction above $3.05 and retest the $3.20-$3.30 range, the move may not last as long as it seems. The market might retest the 100 EMA if it is unable to hold above the 50 EMA, at which point genuine support would need to be verified. For the time being, holders of XRP can find solace in this improbable recovery, but the warning indicators are still there: This recovery could be brief in the absence of volume and more solid fundamentals.