Crypto Market Weekly Outlook for November 2nd

Welcome to this week’s Crypto Market Weekly Outlook, post #406, where we provide a comprehensive analysis of the latest developments and price movements across major cryptocurrencies. Stay ahead of the market trends with our expert insights on what to watch for in the coming days. This week, we continue to leverage our proprietary trading algorithm, designed to enhance your trading strategies and increase the odds of capturing significant gains in the volatile crypto mark

Cryptocurrency Market (Friday, October 31 close)

Bitcoin (BTC): ≈ $110,900, steady on the week as consolidation continued around the $110K range.
Ethereum (ETH): ≈ $3,960, modestly higher, outperforming BTC on stronger Layer-2 and staking activity.
Solana (SOL): ≈ $200, flat week-over-week as DeFi volumes held firm.
XRP (XRP): ≈ $2.70, up slightly amid renewed ETF discussion.
BNB (BNB): ≈ $1,100, stable with DEX usage maintaining momentum.
Cardano (ADA): ≈ $0.70, unchanged; developer activity remained consistent ahead of next upgrade cycle.
Dogecoin (DOGE): ≈ $0.21, flat with muted retail participation.

Key Market Drivers

Crypto Markets Hold Firm: After a volatile October, the crypto sector entered early November with stabilization across majors, supported by resilient ETF inflows and calmer macro conditions.
ETF Inflows Resume: Bitcoin spot ETFs reported net positive flows for the second straight week, helping to anchor prices above $110K.
Ethereum Strength & Layer-2 Growth: ETH outperformed BTC for the second week in a row as Layer-2 networks (Arbitrum, Base, and Optimism) posted record throughput, driving sustained network fees.
Stablecoin Supply Expands: Global stablecoin supply grew another 1.5%, marking a third consecutive weekly rise and hinting at returning liquidity to on-chain markets.
Macro & Dollar Dynamics: A stronger U.S. dollar and mixed Fed commentary kept broader risk appetite cautious, but crypto’s correlation to equities weakened as traders rotated back into decentralized assets.
Volatility Compression: Implied volatility across BTC and ETH fell to three-month lows, signaling market equilibrium but also potential setup for a sharp move ahead of year-end catalysts.

Emerging Crypto Projects & Ecosystem News

CFTC Nomination Headlines: The nomination of crypto-friendly regulator Mike Selig to chair the CFTC fueled optimism for a more predictable U.S. regulatory path, particularly around futures, DeFi, and token classification.
Coinbase Finalizes Echo Deal: Coinbase officially completed its $375 million acquisition of Echo, expanding its footprint in tokenized assets, compliant fundraising tools, and RWA (real-world asset) trading infrastructure.
Kraken Expands Derivatives Footprint: Following its acquisition of a CFTC-licensed venue, Kraken launched beta trading for regulated prediction markets and event futures in the U.S.
Cross-Chain Integrations: Uniswap added native Solana integration, bridging liquidity between EVM and non-EVM networks, while several bridges improved throughput by 15–20% after protocol upgrades.
AI-Blockchain Fusion: AI-linked crypto projects such as Arclight (ACT) announced new partnerships for decentralized compute marketplaces and data-oracle verification systems, reinforcing momentum in the “DePIN” category.
European Stablecoin Progress: The euro-backed, MiCAR-compliant stablecoin initiative advanced its pilot phase, targeting early-2026 deployment with multi-bank participation.

Market Sentiment & Outlook

Short-Term Sentiment: Neutral-to-positive; traders appear comfortable in a consolidation band as macro pressures ease and ETF flow stability returns.
Support / Resistance Zones:
• BTC: Support $108,000–$109,000; resistance $115,000–$118,000.
• ETH: Support $3,800–$3,900; resistance $4,300–$4,500.
• SOL: Support $190; resistance $215–$220.
Medium-Term Outlook: With funding rates normalized and volatility suppressed, crypto markets are coiling for a breakout. A sustained move above BTC $115K or ETH $4.3K could spark renewed risk-on sentiment.
Macro Watch: November CPI and Fed minutes will shape cross-asset positioning; meanwhile, U.S. regulatory clarity and ETF approvals remain key catalysts.
Sector Focus: Expect growing attention toward infrastructure, tokenization, and RWA DeFi platforms as speculative flows shift into utility-driven assets heading into year-end.

GARCH (Generalized Autoregressive Conditional Heteroskedasticity) volatility model

The following charts present 6-month historical price trends for the top eight cryptocurrencies (BTC, ETH, SOL, LINK, XRP, BNB, ADA, and DOGE), using the GARCH (Generalized Autoregressive Conditional Heteroskedasticity) volatility model, which is commonly used in financial markets to capture the clustering nature of volatility—periods of high volatility tend to follow high volatility, and calm periods tend to persist. Using recent return data, the model projects expected volatility levels and translates them into forecast price bands with midpoint targets and potential highs under strong momentum scenarios. This is trial for the next 4 weeks and will be enhanced.

Bitcoin (BTC)

- 90-day outlook: Expect ±2–4% daily swings. Likely consolidation between $92,000 and $122,000, with midpoint near $107,000.
- Potential upside: ~$128,000 if ETF inflows and risk-on macro conditions return.

Ethereum (ETH)

- 90-day outlook: ±2.5–4.5% daily volatility. Range likely $3,600 to $5,000, midpoint near $4,300.
- Potential upside: ~$5,200 with strong staking flows and progress on upgrades.

Solana (SOL)

- 90-day outlook: ±3–5% daily swings; possible consolidation $160 to $240, midpoint near $200.
- Potential upside: ~$250+ if institutional use in DeFi and NFT throughput gains.

Chainlink (LINK)

- 90-day outlook: ±3–6% daily fluctuations. Consolidation $18 to $27, midpoint ~$22.50.
- Potential upside: ~$30+ if CCIP adoption, oracle network expansion, and cross-chain demand accelerate.

XRP (XRP)

- 90-day outlook: ±3–5% daily swings; likely consolidation between $2.50 and $3.20, midpoint near $2.85.
- Potential upside: ~$3.40–$3.60 if positive regulatory signals or ETF speculation return.

BNB (BNB)

- 90-day outlook: ±2–4% daily swings; consolidation between $900 and $1,070, midpoint near $985.
- Potential upside: ~$1,150+ if on-chain activity and DEX volume strengthen.

Cardano (ADA)

- 90-day outlook: ±3–5% daily swings; likely range $0.65 to $0.95, midpoint ~$0.80.
- Potential upside: ~$1.10 if network upgrades and ecosystem growth pick up.

Dogecoin (DOGE)

90-day outlook: ±4–6% daily swings; consolidation between $0.17 and $0.28, midpoint near $0.225.
Potential upside: ~$0.30 if speculative rotation and social momentum return.

Advanced Blockchain Investments

The previous post have included Advanced Blockchain Investments. The blockchain space has rapidly evolved beyond simple cryptocurrency trading, offering investors various innovative ways to maximize returns.