Coinbase Analysis: ALGO Tests Critical Support at $0.18 Amid Bitcoin-Led Market Downturn
On Coinbase and other major exchanges, Algorand's ALGO token has declined to test the critical technical support level at the lower Bollinger Band, trading at $0.18 as of recent market activity. This represents a 3.1% decline over the past 24 hours, primarily driven by Bitcoin's significant 5% weekly downturn that has created widespread pressure across altcoin markets. The current price action places ALGO in technically oversold territory, suggesting potential for a rebound if support holds firm. Despite the challenging market conditions, Algorand's underlying ecosystem demonstrates remarkable resilience with monthly active users surging by an impressive 34%. This fundamental strength contrasts with the current technical weakness, creating an interesting dynamic for traders monitoring the token on Coinbase. Bitcoin's retreat to $108,186 on October 16, 2025, has triggered broad weakness throughout cryptocurrency markets, affecting numerous altcoins including ALGO. The lower Bollinger Band test represents a crucial technical moment for Algorand, as this level often serves as either a springboard for recovery or a breakdown point leading to further declines. Market participants on Coinbase are closely watching whether the oversold conditions will trigger buying interest or if continued Bitcoin pressure will push ALGO through this important support zone. The divergence between strong ecosystem growth and weak price action presents both challenges and opportunities for investors, making ALGO one of the more intriguing assets to monitor during this period of market uncertainty.
ALGO Tests Lower Bollinger Band at $0.18 as Bitcoin Downturn Weighs on Crypto Markets
Algorand's ALGO token dipped to $0.18, down 3.1% in 24 hours, as Bitcoin's 5% weekly decline sent ripples through altcoin markets. The price action tests critical technical support at the lower Bollinger Band, with oversold conditions emerging.
Bitcoin's retreat to $108,186 on October 16 triggered broad crypto market weakness. Yet Algorand's ecosystem shows resilience—monthly active users surged 34% to 1.34 million in Q3 2025, fueled by dApp adoption and Coinbase Quests integration. Governance changes removing staking features have drawn mixed reactions.
Technical indicators previously suggested upside potential toward $0.26-$0.29 resistance, but Bitcoin's renewed weakness has delayed bullish momentum. The market now watches whether ALGO can hold current support levels amid broader risk-off sentiment.
Crypto Market Rebounds to $4 Trillion Amid Regulatory Shifts
The cryptocurrency market surged 16.4% in Q3 2025, adding $563.6 billion to reach a $4 trillion capitalization—the highest since 2021. Fresh liquidity and institutional inflows fueled the rally, with daily trading volume jumping 43.8% to $155 billion.
California enacted landmark legislation (SB 822) prohibiting forced liquidation of unclaimed crypto assets like Bitcoin (BTC) and ethereum (ETH). Governor Gavin Newsom's move mandates holding digital assets in native form, a first among U.S. states.
Best Crypto Presales to Buy as Bitcoin Mirrors Its March-April Bottom Structure
Bitcoin's recent drop below $110,000 has triggered a shift in market sentiment, marked by the Coinbase Premium Index turning red for the first time in weeks. The current price action mirrors the March-April bottom, which preceded a 60% rally, suggesting potential for a rebound.
Technical indicators, including the Relative Strength Index (RSI) and the three-day 100 EMA, align with historical patterns that have sparked major recoveries. This presents an opportune moment to explore promising crypto presales such as $HYPER, $SNORT, and $RTX.
Despite Bitcoin's 15% decline from its all-time high of $126,000, the market structure hints at a possible bottom formation. Liquidity sweeps and RSI levels echo previous cycles, reinforcing the case for a bullish reversal.
Aster (ASTER) Tests Key Support Amid Coinbase Listing Hype
Aster's token hovers precariously above $1.1379 support after a 9.83% weekly plunge, with trading volume collapsing 58.82% as bearish sentiment dominates. The $2.37 billion asset now faces a critical juncture - either confirm its downtrend or stage a reversal toward $1.80 resistance.
Coinbase's surprise listing injects volatility potential, granting ASTER prime visibility across 100+ million verified users. Market makers are positioning for liquidity surges, though technicals show RSI nearing oversold territory at 34.72 on the 4-hour chart.
Traders note divergences between spot price action and perpetual swap funding rates, suggesting Leveraged players may be overextended on the short side. The MOVE indicator flashes early accumulation signals at current levels, with $1.10 acting as a psychological floor.
Bitcoin Coinbase Premium Weakens as U.S. Buying Enthusiasm Fades
Bitcoin's downward trajectory continued Friday, briefly touching $103,500 before recovering to $106,600. The volatility underscored mounting pressure across spot and derivatives markets, with the Coinbase Premium Index flipping negative for the first time in weeks. This key metric—which compares BTC prices on Coinbase versus global exchanges—signals waning demand from U.S. institutional buyers.
Earlier strength above $110,000, supported by a March-high premium of 0.18, proved short-lived. The rejection NEAR the $112,370 short-term holder realized price triggered aggressive selling, with taker sell volume exceeding $4 billion. Market structure now suggests trapped buyers may fuel further downside if this psychological level isn't reclaimed.
Charles Schwab to Launch Bitcoin, Ethereum Spot Trading in 2026
Charles Schwab, the financial giant overseeing more than $11 trillion in assets, is set to introduce spot trading for Bitcoin and Ethereum in early 2026. CEO Rick Wurster confirmed the move during the firm's Q3 earnings call, citing a 400% surge in traffic to its crypto education portal as evidence of escalating client demand.
The decision positions Schwab as a direct competitor to crypto-native platforms like Coinbase, integrating digital asset trading into its wealth management ecosystem. Younger investors are driving the shift—nearly one-third of new retail accounts originate from clients under 28, underscoring generational demand for crypto exposure.
Wall Street's embrace of digital assets accelerates as institutional interest compounds. Schwab reported a 90% increase in visits to its crypto-focused resources, signaling mainstream adoption momentum.
