September 2025 has marked a significant month for cryptocurrencies like Bitcoin, Ethereum, and Cardano, which continue to impact the market. A new project, MAGACOIN FINANCE, is also drawing attention.
Bitcoin Holds Key Support Zone
Bitcoin remains in a long-term uptrend, hitting a record high above $124K. However, a recent decline breached this trend channel, directing the price toward the $110K-$112K support area. This region corresponds with the 100 DMA, and holding this level is critical for bulls. Otherwise, traders are looking at $104K as the next target. The RSI shows weakness under 50, but hints at oversold territory, suggesting potential for a sharp price movement either way.
Ethereum Rallies on Whale Buyers
Ethereum has risen 6%, bouncing back from its recent dip and significantly exceeding the $4,100 mark. Over $100M in short positions was liquidated in just 24 hours, aiding the rally. Major wallets purchased heavily during the pullback, adding around 400,000 tokens last week while smaller traders took profits. Analysts note this pattern is common: retail investors cashing out while whales buy into dips. If ETH can clear $4,500, it could retest its all-time high of $4,868.
Cardano Maintains Uptrend
Cardano has bounced off the $0.84 level after dipping below $1. This marks its third consecutive higher low, which sustains the uptrend. Whales stepped in during the dip, buying nearly 100 million ADA, reinforcing confidence that ADA is gearing up for another rise. If the current trend holds, the price could soon challenge the $1 level and possibly break above it.
September 2025 shows active movements in the cryptocurrency market, with Bitcoin, Ethereum, and Cardano in the spotlight. Meanwhile, MAGACOIN FINANCE is also receiving considerable attention as a potential player in the market.
