The Cardano price is currently eyeing an impulsive move to the upside following the invalidation of a bearish Relative Strength Index (RSI) divergence. In his analysis, crypto analyst Melika Trader revealed how high ADA could rally following this bullish channel formation. Cardano Price Eyes Impulsive Move To The Upside In a TradingView post, Melika Trader predicted that the Cardano price could rally to between $0.90 and $0.94 as it eyes an impulsive move to the upside. The analyst observed that ADA recently experienced a sharp rally, breaking through resistance levels and establishing a new range. This could pave the way for the rally to these price targets. Related Reading: Cardano Price At Risk Of 15% Crash, Analyst Warns It Might Get ‘Bloody’ Melika Trader further noted that a deceptive bearish RSI divergence was invalidated as the Cardano price continued its uptrend, confirming bullish momentum. Meanwhile, the analyst remarked that the ADA price is currently consolidating near the lower boundary of the parallel channel, suggesting a potential bounce from its current price level. In line with this, he stated that if the Cardano price respects the channel structure, then ADA could aim for the $0.90 and $0.94 range as the next resistance. Crypto analyst Ali Martinez also provided a bullish outlook for ADA, stating that the crypto looks ready to rebound as the TD Sequential indicator has flashed a buy signal on the 4-hour chart. Meanwhile, crypto analyst Paul stated that the nice Fibonacci count is working for the Cardano price with .618 higher lows. The analyst’s accompanying chart showed that ADA could reclaim the psychological $1 price level and rally to as high as $2.2 on the Wave 3 impulsive move to the upside. The chart also showed that ADA could then correct to as low as $1.2 before it reaches $3 on the Wave 5 impulsive move. Five Reasons Why ADA Can Reach $20 In This Market Cycle In an X post, crypto analyst Sebastian outlined five reasons the Cardano price could reach $20 in this market cycle. The first is that Cardano could become a Bitcoin DeFi player, which is bullish for the ADA price. Secondly, if Cardano’s founder Charles Hoskinson becomes part of Donald Trump’s Crypto Advisory Council. Related Reading: $575-M Unlocks Threaten Altcoin Rally: Why You Should Monitor Cardano’s ADA, Solana’s JTO The crypto analyst also mentioned a Cardano ETF as one of the reasons he believes the Cardano price could reach $20 in this market cycle. Grayscale has already filed to offer one, which means that an ADA ETF could launch at some point. Meanwhile, the crypto analyst also mentioned Cardano’s potential partnership with Microsoft and the US Treasury being built on the Cardano blockchain as the fourth and fifth reasons ADA could reach $20. At the time of writing, the Cardano price is trading at around $0.8, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Users will get three TRUMP tokens no matter how many products they purchased, as long as they bought the items before Feb. 15.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Chief among the catalysts is the new Crypto Task Force’s focus on delivering a National Bitcoin Reserve, Bernstein said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
President Trump's official memecoin has risen 30% over the last 24 hours, with $3.4 billion of trading volume.
Barclays has emerged as one of the top holders of BlackRock’s Bitcoin ETF as of Dec 31, according to a Thursday 13F filing with the SEC.
World Liberty Financial spent its USDC holdings to purchase $1.4 million worth of MOVE and $5 million worth of wrapped BTC.
While some see WLFI as a positive step for DeFi’s mainstream adoption, others worry about its centralized control and potential political entanglements.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto led Robinhood’s record revenue figures with 487% quarter-over-quarter growth — 733% year-over-year, the analysts noted.
World Liberty Financial confirmed Zach Witkoff's account had been compromised and urged users not to engage.
With picks at the banking agency and consumer watchdog, the field of major nominees is mostly complete, showing a deep roster of finance and federal know-how.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Donald Trump has reportedly selected Brian Quintenz, the current Head of Policy at a16z Crypto, to lead the Commodity Futures Trading Commission (CFTC), Fox Business journalist Eleanor Terret reported on Feb. 12. If confirmed, Quintenz will replace acting Chair Caroline Pham. Who is Quintenz? Quintenz, who served as a CFTC commissioner from 2017 to 2021, […]
The post Donald Trump taps crypto advocate a16z’s Brian Quintenz for CFTC leadership appeared first on CryptoSlate.
In a year or two, the transformation in the crypto market will be “self-evident” and “overwhelming,” Matt Hougan predicted.
World Liberty Financial (WLFI), a DeFi project with ties to Donald Trump’s family, has introduced a strategic token reserve called Macro Strategy. According to a Feb. 11 statement, the initiative is designed to strengthen its financial position while supporting leading digital assets like Bitcoin and Ethereum. WLFI furthered that its move will serve as a […]
The post WLFI launches Macro Strategy reserve to bridge traditional and decentralized finance appeared first on CryptoSlate.
MoonPay, the exclusive onramp to Moonshot, said it onboarded 750,000 new customers following the memecoin launch.
In a hearing with the loaded title "A Golden Age of Digital Assets," the sector was — for the first time — mostly treated as a welcome arrival to U.S. finance.
Quintenz, head of global policy at a16z crypto, served as a commissioner of the CFTC from 2017 to 2021 during Trump’s first administration.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BoE Gov. Andrew Bailey reflected on potential changes in the crypto regulatory environment globally, particularly following Trump's election.
CAR’s launch on Sunday was met with severe skepticism, though the country’s President has continued to post about the token.
The 'Digital Assets Investments Act' seeks to allow the state to diversify its portfolio by investing in bitcoin exchange-traded products.
It marks the fifth consecutive week of net inflows for the investment products, CoinShares Head of Research James Butterfill noted.
Utah cleared its digital assets bill through the state house, and Kentucky and Maryland introduced their own efforts, making it 18 states working on such bills.
Caroline Pham, the Commodity Futures Trading Commission chief tapped by President Donald Trump, is hosting a CEO summit on one of her longstanding policy aims.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The son of the U.S. president made a surprise appearance at the Ondo Summit in New York City on Thursday.
After a year of explosive price growth, the Solana based meme coin, BONK, has wiped out all of its 2024 gains, retracing approximately 76% from its peak. Despite this dramatic decline, a crypto analyst has suggested that this dip could be a strategic buying opportunity for investors rather than a cause for concern. Solana‘s BONK Retraces 2024 Gains The broader meme coin market has been experiencing a severe downturn, driven by the volatility and market changes caused by the recent Bitcoin price decline. Following United States (US) President Donald Trump’s trade war, meme coins like BONK, Dogecoin, Shiba Inu, and others crashed severely. Related Reading: Analyst Predicts Massive Breakout For BONK Price, Here’s The Target A recent chart analysis by a TradingView expert identified as ‘Cusdridge19523’ sheds light on the extent of Bonk’s severe decline. According to the analyst, Bonk has round-tripped virtually all of its gains from 2024, dropping over 76% from its most recent market peak. This massive price crash marks the fourth major correction in the meme coin’s history. In 2024, Bonk experienced three significant price pullbacks that saw its price drop by more than 60%. At the beginning of the previous year, the meme coin fell 72.77% after reaching a local peak. Similarly, during the second quarter of 2024, BONK experienced a 74.2% price drop and declined again by 65.05% around the third quarter. Its recent 76.08% in 2025 marks its highest crash compared to previous corrections in 2024. CoinMarketCap also reports that Bonks’ total gains for 2025 are about 78.82%. The meme coin experienced a gradual price drop to its current low, plummeting by 48.02% in one month and another 28.46% in the past week. Currently, the BONK price is still in the red zone, having fallen by 1.28% in the last 24 hours. Its current price is $0.000018, aligning with past support levels and consolidation areas that triggered strong rebounds. The TradingView analyst has also revealed that the market may have to wait between 7 and 90 days for BONK to make a round trip and experience a potential price rebound. Why Now Might Be A Good Time To Buy As BONK reaches consolidation lows similar to past trends, the TradingView analyst believes its current price level presents an attractive buying opportunity for investors looking to take advantage of market dips. Historically, Bonk has shown a clear pattern of strong price reversals after sharp market corrections, giving investors more reason to believe that the token could once again deliver strong returns from market lows. Related Reading: Meme Coin Trader Says BONK Is Headed For New ATH, Here’s Why Additionally, the TradingView expert revealed that the broader crypto market outlook for 2025 is bullish, with speculation growing around Solana-based Exchange Traded Funds (ETFs). The introduction of a Solana ETF could also drive institutional interest, indirectly benefiting meme coins like BONK. The analyst has also highlighted the possibility of a BONK ETF, adding to the bullish fire and potentially driving demand. Featured image from LinkedIn, chart from Tradingview.com