On Tuesday, the market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable decline, dropping toward the $89,000 mark, its lowest price in seven months, resulting in over $1 billion in liquidations across the crypto market within the past 24 hours. However, despite this downturn, altcoins have exhibited significant stability when compared to the performance of BTC. Analysts from the Bull Theory have provided insights into why altcoins are holding strong during this period. Bitcoin Dominance Falls In a recent social media post on social media site X (previously Twitter), the analysts asserted that the recent decline in BTC’s value was not characterized by typical selling pressure; instead, it is seen as a result of structured institutional selling. This was reflected in negative flows from Coinbase and the manner in which the candlestick patterns formed. Following this structured selling, panic selling ensued as traders who were already facing losses began to exit their positions hastily. Related Reading: Bitcoin Price Alert: This Indicator Signals SELL, Could History Repeat With A 67% Drop? This panic selling led to rapid declines in BTC’s price; however, altcoins, having already approached a state of seller exhaustion, did not experience significant drops. In previous scenarios where BTC has faced downturns, its dominance in the market typically surges as traders flock to Bitcoin for safety. Yet, the current situation is different. Bitcoin’s dominance remains below the 50-week Exponential Moving Average (EMA), and the market has recently seen a series of red candles. Such a decline in dominance while BTC is in a downward spiral is unusual, suggesting that altcoins are not being entirely abandoned by traders. Ethereum (ETH) has lost its 50-week EMA but is making attempts to reclaim it. Throughout this month, BTC and ETH have experienced nearly identical declines, yet ETH has shown quicker recovery patterns. The analysts highlighted that during previous cycles, whenever Ethereum holds its ground better than Bitcoin during similar downturns, altcoins tend to demonstrate strength as well. Altcoins Show Strength Amid BTC’s Decline The Bull Theory analysts also noted that many altcoin pairs against BTC have rebounded to levels seen before the significant crash that occurred on October 10th, with some even trading above those thresholds. This, according to their analysis, indicates a few key points: altcoins are outperforming BTC, the current pressure feels isolated rather than widespread, and the sell-off lacks broader implications across the market. Related Reading: Crypto Market Wipes Out $1 Trillion Since October: Analyzing The Forces Behind The Crash The Analysts suggest that this combination of factors is one of the strongest signals of a market bottom. When BTC is experiencing a downturn, dominance is declining, and alt/BTC pairs are on the rise, it often points to a capitulation phase for altcoins. As of this writing, Bitcoin has recovered above the $93,000 mark. However, the leading cryptocurrency has erased all of its year-to-date gains, while extending the gap to record levels by 26%. Featured image from DALL-E, chart from TradingView.com
The potential legislation could significantly shape U.S. crypto regulation, impacting global market dynamics and innovation leadership.
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Crypto is becoming more accessible than ever, and this year’s Black Friday brings that retail excitement to the digital asset space. Leading platforms are replicating the familiar shopping experience with fee cuts, new payment options, and exclusive deals—making it the ideal time for newcomers to start and for seasoned users to grow their portfolios. Here’s …
Cloudflare says a bug in its Bot Management System crashed 20% of webpages on Tuesday, including some of the crypto industry’s biggest websites.
XRP price started a fresh decline below $2.250. The price is now attempting to recover and faces resistance near the $2.32 pivot level. XRP price started a fresh decline below the $2.250 zone. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.2250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it settles below $2.10. XRP Price Attempts Recovery XRP price attempted a recovery wave above $2.280 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.250 and $2.220. There was a move below the $2.120 support level. A low was formed at $2.105, and the price is now attempting a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $2.525 swing high to the $2.058 low. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.220 level. There is also a bearish trend line forming with resistance at $2.2250 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.250 level. A close above $2.250 could send the price to $2.30. The next hurdle sits at $2.320 or the 50% Fib retracement level of the downward move from the $2.525 swing high to the $2.058 low. A clear move above the $2.320 resistance might send the price toward the $2.40 resistance. Any more gains might send the price toward the $2.450 resistance. The next major hurdle for the bulls might be near $2.50. Another Decline? If XRP fails to clear the $2.250 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.150 level. The next major support is near the $2.10 level. If there is a downside break and a close below the $2.10 level, the price might continue to decline toward $2.050. The next major support sits near the $2.00 zone, below which the price could continue lower toward $1.880. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.10 and $2.050. Major Resistance Levels – $2.250 and $2.320.
Fundstrat co-founder Tom Lee says Ethereum is nearing a cyclical low, arguing that on-chain fundamentals and relative valuation versus Bitcoin indicate that ETH is “pretty close to bottoming this week.” “Personally, I think that we’re pretty close to bottoming this week,” Lee told CNBC, linking the current drawdown to a broader crypto correction that began after a sharp liquidation event on October 10. Despite that shock, he insisted that Ethereum’s core investment story remains intact. Will Ethereum Bottom This Week? For Lee, that story centers on Ethereum as neutral infrastructure for tokenization and stablecoins, increasingly relevant as Wall Street intensifies its on-chain ambitions. “There are stablecoin creations. Larry Fink and BlackRock and Wall Street want to tokenize assets, bring stocks, bonds, real estate onto the blockchain. And they have to find a neutral 100% uptime blockchain. That’s Ethereum. And that’s the fundamental story,” he said. Related Reading: Ethereum Approaches Historical Accumulation Level – Just 8% Away From LTH Cost Basis Lee framed crypto’s extreme volatility as structurally tied to how the market values long-term innovation rather than as a sign of fundamental weakness. “The price, of course, for Ethereum will fluctuate because crypto is hyper volatile. In fact, it’s kind of a… it’s sort of a feature of the blockchain itself,” he noted. “Crypto suffered from that liquidation event on October 10th, but because the fundamental story is intact and crypto discounts the future, that’s why it’s volatile, but it still looks pretty attractive here.” He placed the current move in the context of a broader risk-off environment and a continuing correction across digital assets. According to Lee, macro data remains a crucial driver of crypto cycles, particularly for Bitcoin. “The most correlated factor to Bitcoin prices when you see it… at a peak actually is the ISM,” he said, referring to US activity surveys. “So I think we’re still in a correction phase of crypto.” Asked specifically what underpins his bullish view on Ethereum now, Lee pointed to two structural “floor” mechanisms. First, he cited the value of assets locked on the Ethereum blockchain. “Ethereum kind of has several ways that it establishes a floor. One is the value of all the assets locked onto the blockchain, and that number is growing,” he said. “Historically, Ethereum bottoms when that ratio is about 50%. So I’d say we’re pretty close to that level. That’s why I think Ethereum is probably bottoming this week.” Related Reading: Ethereum Flashes Rare Oversold Signal As Price Hits Demand Zone — Major Rebound Loading? Second, he highlighted Ethereum’s valuation relative to Bitcoin, using both price and network value. “The other way to look at Ethereum is really its price ratio or even its network value ratio to Bitcoin. It currently sits at 0.032,” Lee said. “The long-term average, like the eight-year average, if we were just to trade to that eight-year average, would put Ethereum at around $12,000.” On that basis, Lee characterized Ethereum as undervalued versus its historical relationship with Bitcoin. “So I think Ethereum is undervalued because number one, the story is gaining relative to Bitcoin this year. But two, we’re getting this sort of intrinsic floor because of the value that the assets locked onto the Ethereum blockchain,” he argued. Summarizing Lee’s stance, the CNBC host concluded: “Tom Lee saying that Ethereum is bottoming this week.” Lee did not offer a specific price target or an exact day, but his message was clear: in his view, Ethereum is close to completing its correction as on-chain value and relative valuation metrics converge toward levels that have historically marked major bottoms. At press time, ETH traded at $3,018. Featured image created with DALL.E, chart from TradingView.com
XRP’s weekly chart has been flashing the same warning for months. A large bearish pattern that first appeared in late July and early August is still active, and it continues to push the price lower. This long-term signal shows fading strength and very little upward momentum. Because this pattern has not ended yet, XRP is …
Ethereum price failed to stay above $3,050 and tested $2,950. ETH is now attempting to recover but faces resistance near $3,150. Ethereum started a fresh decline after it failed to stay above $3,150. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,065 zone. Ethereum Price Attempts Recovery Ethereum price failed to continue higher above $3,200 and started a fresh decline, like Bitcoin. ETH price dipped below $3,150 and entered a bearish zone. The decline gathered pace below $3,050 and the price dipped below $3,000. A low was formed at $2,941 and the price is now correcting some losses. There was a move above the 50% Fib retracement level of the recent decline from the $3,217 swing high to the $2,941 low. Ethereum price is now trading below $3,120 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,150 level and the 76.4% Fib retracement level of the recent decline from the $3,217 swing high to the $2,941 low. There is also a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD. The next key resistance is near the $3,220 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term. Another Decline In ETH? If Ethereum fails to clear the $3,150 resistance, it could start a fresh decline. Initial support on the downside is near the $3,065 level. The first major support sits near the $3,020 zone. A clear move below the $3,020 support might push the price toward the $2,950 support. Any more losses might send the price toward the $2,880 region in the near term. The next key support sits at $2,750 and $2,740. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,065 Major Resistance Level – $3,150
Bitcoin has slipped into a critical danger zone as support levels continue to give way, putting the market on edge. Amid this decisive breakdown, the RSI is quietly flashing a bullish divergence, a subtle but meaningful early signal that momentum may be preparing to shift. The charts now paint a tense picture: bearish pressure remains dominant, but the first signs of a potential turnaround have appeared. Support Levels Crumble As Bitcoin Extends Its Downtrend According to an update shared by Crypto Candy on X, Bitcoin continues to break through support levels with little hesitation. The price held the $93,000–$95,000 zone for a brief period, but eventually failed to maintain that structure, triggering another move to the downside. The speed of each breakdown highlights how fragile market sentiment currently is. Related Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? With the most recent support now lost, Bitcoin has slipped to lower levels and remains under bearish pressure. If this momentum persists, Crypto Candy noted that the next area of interest lies between $86,000 and $87,500, a major support where buyers may attempt to slow or halt the decline. Should Bitcoin manage to hold within this $86,000–$87,500 range, a short-term reversal becomes possible. Even a modest bounce could provide temporary relief to the broader downtrend. However, such a reaction would still require confirmation before hinting at any sustainable shift in momentum. If that support fails to hold, Crypto Candy warns that the market could face another steep drop. A continued breakdown would reinforce the ongoing bearish narrative, opening the door for what he described as a “waterfall” scenario. Bullish Divergence Emerges On The 4H Chart Crypto analyst Chad recently noted in an X post that Bitcoin is showing a notable bullish divergence between its price action and the RSI (Relative Strength Index) on the 4-hour chart. This divergence is a technical signal where the price makes a lower low. Related Reading: Bitcoin Price Alert: This Indicator Signals SELL, Could History Repeat With A 67% Drop? Chad acknowledges that the price is clearly in a short-term downtrend and will need to reverse at some point. While he admits he doesn’t know the exact timing of the reversal, he emphasizes that the bullish divergence is the first positive sign that sellers are losing control and a structural shift may be near. To officially switch the short-term market structure back to bullish, Chad outlines a simple progression: the price needs to first make a higher high to break the current downtrend, and then confirm that break by establishing a higher low. This sequence is necessary to confirm that buyers have successfully taken over directional control of the price. Featured image from Pngtree, chart from Tradingview.com
The US government will start buying Bitcoin for its strategic reserve when there is “enough pressure externally,” says crypto entrepreneur Mike Alfred.
Market observers note stable XRP/BTC and ETH/BTC ranges and an unusually balanced top-20 ranking, signaling fundamentals-driven dispersion rather than a broad alt season.
Crypto exchange Kraken has raised $800 million across two funding rounds, which boosted its valuation to $20 billion.
Senate Banking Chair Tim Scott said he hopes to get the bill to the Senate floor in early 2026 for President Trump's sign-off.
The crypto market is showing signs of life again after a dramatic shakeout earlier today. Bitcoin, which briefly fell below $90,000 for the first time in seven months, has bounced back toward the $94,000 zone. The recovery comes as the broader market turns slightly positive, with global crypto market capitalization rising 1.4 percent to $3.16 …
Bitcoin price found support near $89,250. BTC is now correcting some losses but faces many hurdles near $93,500 and $94,200. Bitcoin started a fresh decline below $94,000 and $93,500. The price is trading below $93,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $90,700 zone. Bitcoin Price Attempts Recovery Bitcoin price failed to stay in a positive zone above the $92,500 level. BTC bears remained active below $92,500 and pushed the price lower. The bears gained strength and were able to push the price below the $90,000 zone. A low was formed at $89,252, and the price is now attempting a recovery wave. There was a move above the 50% Fib retracement level of the recent decline from the $95,888 swing high to the $89,252 low. Bitcoin is now trading below $94,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $94,200 on the hourly chart of the BTC/USD pair. If the bulls attempt another recovery wave, the price could face resistance near the $93,350 level and the 61.8% Fib retracement level of the recent decline from the $95,888 swing high to the $89,252 low. The first key resistance is near the $94,200 level and the trend line. The next resistance could be $95,000. A close above the $95,000 resistance might send the price further higher. In the stated case, the price could rise and test the $95,500 resistance. Any more gains might send the price toward the $96,500 level. The next barrier for the bulls could be $96,800 and $97,000. Another Decline In BTC? If Bitcoin fails to rise above the $94,200 resistance zone, it could start another decline. Immediate support is near the $91,500 level. The first major support is near the $90,700 level. The next support is now near the $90,000 zone. Any more losses might send the price toward the $88,800 support in the near term. The main support sits at $86,500, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $91,500, followed by $90,700. Major Resistance Levels – $93,250 and $94,200.
Shares in Canaan jumped 20% on Tuesday as the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year.
Ark Invest purchased $3 million worth of Coinbase shares and $3.1 million worth of Circle across two of its ETFs on Tuesday.
Amplify ETFs has launched the first U.S.-listed XRP option-income exchange-traded fund, called the Amplify XRP 3% Monthly Premium Income ETF (XRPM). This marks a big step for XRP-based investment products entering regulated markets. XRPM is built to give investors steady income while still offering exposure to XRP’s price moves. How XRPM WorksThe fund aims to …
Portnoy's strategic crypto investments amid market dips highlight the potential for significant gains and influence on investor sentiment.
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On-chain analytics firm Santiment has revealed how Bitcoin, XRP, and other cryptocurrencies have dropped into a “buy zone” on a popular metric. MVRV Ratio Shows High Degree Of Short-Term Pain In Bitcoin & Altcoins In a new post on X, Santiment has discussed how the various assets in the cryptocurrency sector are looking based on the 30-day MVRV Ratio. The Market Value to Realized Value (MVRV) Ratio is an on-chain indicator that measures the ratio between the market cap and Realized Cap for a given coin. Related Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? The Realized Cap here refers to a capitalization model that calculates the asset’s total value by assuming the value of each individual token is equal to the price at which it was last transacted on the blockchain. In short, what this model captures is an estimation for the amount of capital that BTC investors as a whole have invested into the cryptocurrency. The usual market cap, on the other hand, represents the amount holders are carrying today. When the value of the MVRV Ratio is greater than 1, it means the market cap is greater than the Realized Cap. In other words, the overall network is in a state of profit. On the other hand, an indicator below this threshold implies the dominance of losses among investors. In the context of the current topic, the version of the MVRV Ratio that’s of interest is the 30-day one, tracking the profit-loss balance of the traders who purchased their coins within the past month. Below is the chart for the metric shared by Santiment that shows the trend in its value for five major cryptocurrencies: Bitcoin, XRP, Ethereum, Chainlink, and Cardano: As is visible in the graph, the 30-day MVRV Ratio has witnessed a plunge recently as the sector has gone through a bearish shift. Recent Bitcoin buyers are now about 11.5% underwater, while XRP ones are around 10.2%. Both of these are beyond the threshold that the analytics firm classifies as the boundary for a “good buy zone.” The 30-day investors have suffered even worse losses in the case of Ethereum, Cardano, and Chainlink, being down 15.4%, 19.7%, and 16.8%, respectively. All of these fall inside Santiment’s “extreme buy zone.” “In a zero sum game, buy assets when average trade returns of your peers are in extreme negatives,” noted the analytics firm. “The lower MVRV’s go, the higher the probability is of a rapid recovery.” Related Reading: Bitcoin Social Dominance Hits 4-Month High: What It Means It now remains to be seen whether market pain has been enough for XRP and others to cause a market rebound, or if more drawdown is coming. XRP Price At the time of writing, XRP is floating around $2.18, down more than 11% over the last week. Featured image from Dall-E, Santiment.net, chart from TradingView.com
KULR's robust growth and cash reserves bolster its strategic expansion and innovation in emerging tech sectors, enhancing market competitiveness.
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The debut of Canary Capital’s spot-XRP ETF was one of the standout moments for the XRP community this year, bringing the token into the US ETF arena with strong opening volume and heavy attention from traders. Many holders went into launch week expecting that kind of headline event to push XRP into a sharp rally, especially after waiting years for regulated access in the United States. Instead, price action has stayed relatively muted, leaving a gap between expectations and reality. In a new 26-minute video shared on X, finance coach Coach JV tried to close that gap, breaking down why XRP has not exploded higher yet and what he believes holders should actually focus on. Coach JV Puts XRP In A Macroeconomic Perspective XRP’s Spot ETF has undoubtedly been a success, considering the amount of inflows it has had in its first two trading days. However, this has yet to translate into a surge in the price of XRP, as many traders had predicted and expected. Related Reading: Analyst Claims XRP Will Flip Bitcoin As These Developments Play Out Instead, XRP’s price action has been highlighted by a downtrend in recent days. A large part of this price downtrend is due to the wider decline in the crypto market. In his breakdown, Coach JV approached the XRP situation from a macroeconomic perspective. Rather than treating the ETF launch as an isolated trigger, he contextualized XRP’s current price behavior within the larger environment that financial markets are dealing with. A major theme of his outlook was the way people respond to hype. Coach JV stated plainly that the only way is to have discipline and a consistent plan. He did not build his message around chasing short-term excitement or reacting emotionally to price moves. His focus was on having a structure that an individual can stick to, regardless of whether XRP moves fast after the ETF launch or takes longer than many were expecting. Is $5 Next? I Don’t Know Coach JV also addressed one of the most common questions circulating in the community: whether $5 is the next big target for XRP now that an ETF is live. Related Reading: Analyst Breaks Down Why There Can’t Be 7 Million XRP Holders “Is $5 next? I don’t know; I’m not banking on that, I’m not waiting for it, I believe it’s going to happen at some point, and I have my exit strategy set up,” he said. That tone is now being echoed by others in the community who are pushing back against unrealistic targets. Zach Rector recently reminded his audience that XRP is not heading toward triple-digit prices this year, despite widespread speculation. Another commentator, known as Xoom on X, made a similar remark, saying XRP will not reach $100 or even $10 on ETF momentum alone. At the time of writing, XRP is trading at $2.18, down by 3.5% in the past 24 hours. It is still too early to conclude how much long-term influence Spot XRP ETFs will have on price, especially with major issuers such as BlackRock, Fidelity, and Grayscale yet to launch their own offerings. Featured image from iStock, chart from Tradingview.com
This move could accelerate the integration of cryptocurrencies into traditional finance, influencing future municipal funding strategies.
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Bitcoin miner Bitfury started up in 2011, but has now pivoted to tech investing and will pour $1 billion into ethical AI and crypto startups.
Kraken raises $800 million and reaches a $20 billion valuation as new investors support its push toward an IPO.
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In the turbulent and often unpredictable world of financial markets, asset correlations can dictate fortunes, creating either synergistic gains or painful downturns. Bitcoin is once again proving its resilience as it navigates a difficult period of negative market correlation. How Macro Pressure Failed To Break Bitcoin Market Structure Bitcoin is dealing with one of the most frustrating correlations in the market and is still surviving. CryptosRus has noted on X that BTC and Nasdaq are moving together, but BTC is reacting more to drops than to pumps. Wintermute pointed this out in their latest market report, and it’s exactly the type of pattern you normally see near macro bottoms, not near the top of a cycle. Related Reading: Why Is Bitcoin Price Crashing? Arthur Hayes Isn’t Surprised The incredible part of this trend is that BTC has already hit multiple all-time highs (ATHs) this year. BTC is still trading roughly 25% off the peak while carrying a correlation dynamic that shows how strongly it has been holding upward. It’s becoming increasingly clear that Bitcoin is on track to close the CME gap today, and the broader market context supports that move. The CIO and founder of MNFund and MNCapital, CryptoMichNL, has offered insight into crypto sentiment using the Fear and Greed Index, which shows an impression of the current state of the market comparable to previous occasions. This index is currently sitting at a 14 out of 100 level. The last time this level occurred was February 2025, right before BTC delivered a 20% decline in a month, and in June 2022, which marked a low during the Luna collapse. This shows exactly what the current market structure is, a pattern that doesn’t last long. CryptoMichNL concluded that it feels brutal when the broader crypto market and BTC are crashing simultaneously, but these phases do not last forever. That’s why patience is the most profitable strategy. Trend Reversal Strengthens As Price Moves Toward Support Zones Bitcoin is now moving directly into two major liquidity pockets, and these zones are likely to act as short-term support as the market searches for direction. An analyst known as Stockmoney Lizards has revealed that the BTC liquidation heatmap is signaling a heavy cluster of long liquidations between $80,000 and $90,000. Related Reading: Bitcoin Slides Deeper Into Red, Extending Decline Toward Key Support Zones At the same time, there is a CME true gap between the $92,000 and $92,500 region with no wicks. Meanwhile, BTC has already broken below the weekly supertrend and the weekly EMA50, confirming that momentum hasn’t flipped and BTC is still in a correction phase. Stockmoney Lizards noted that from here, the $90,000 is the natural bounce zone, and we will see if the bounce will manage to ignite a breakout to the upside, or if BTC can continue sliding toward the mid-$80,000 range. Featured image from Pngtree, chart from Tradingview.com
Since Mayhem launched, Pump has averaged 17,800 token launches per day — an insignificant increase from the prior week.
Bitcoin has gained on average in November, but that figure is “skewed” and market participants shouldn’t always rely on it, a crypto executive says.
For years, quantum computing has served as cryptocurrency’s favorite doomsday scenario, a distant but existential threat that periodically resurfaces whenever a lab announces a qubit milestone. The narrative follows a predictable arc where researchers achieve some incremental breakthrough, social media erupts with “Bitcoin is dead” predictions, and the news cycle moves on. But Adam Back’s […]
The post Why Adam Backs thinks Bitcoin’s 20-year quantum runway matters more than today’s headlines appeared first on CryptoSlate.
Cardano (ADA) is once again under heavy market pressure after a series of whale-driven shocks and broken support levels sent the asset spiraling toward multi-month lows. Related Reading: Why Is Bitcoin Price Crashing? Arthur Hayes Isn’t Surprised Trading around $0.46–$0.49, ADA has slipped beneath several key zones that protected the price structure throughout 2024 and early 2025. Analysts now warn that the sell-off could deepen toward the $0.43 – $0.30 range if downward momentum continues. ADA's price trends to the downside on the daily chart. Source: ADAUSD on Tradingview ADA Slides as Whale Loss and Support Break Intensify Selling Pressure Much of the latest volatility stems from a dramatic whale incident. A dormant wallet holding 14.45 million ADA, inactive for five years, executed a swap into USDA, a pool so thin that the wallet absorbed devastating slippage. The whale walked away with only $847,000, realizing a staggering $6.2 million loss. The market’s response was immediate, confidence cracked, liquidity thinned, and sellers accelerated their exit. On-chain data shows broader whale activity amplifying the impact. More than 440 million ADA has been offloaded by large holders over the last month, further weakening the structure. ADA’s breakdown below $0.52, a level untouched since 2024, confirmed a bearish market regime dominated by lower highs, lower lows, and widening volatility bands. Technical Outlook Points Toward $0.43… or Even $0.30 Traders monitoring ADA’s trajectory highlight a crucial zone at $0.43, a technical target that aligns with the expanding bearish momentum reflected in indicators such as the MACD, RSI, and Bollinger Bands. The MACD’s deepening bearish crossover signals intensifying sell pressure, while the RSI hovering near oversold territory around 37 suggests weakness without confirming a recovery. Market analysts like Ali Martinez and Mr. Brownstone warn that failure to reclaim broken levels could expose ADA to a broader decline. Martinez identifies $0.30 as a long-term structural support, a cycle reset area that historically attracts accumulation during deep corrections. Analysts note that while capitulation metrics such as MVRV point to undervaluation, they do not eliminate the risk of further downside before any recovery materializes. Midnight’s NIGHT Token Launch Could Shift Sentiment, but Uncertainty Remains Even as ADA struggles, Cardano’s broader ecosystem is gearing up for a major milestone: the launch of Midnight’s NIGHT token on December 8, 2025. Midnight introduces privacy-focused smart contracts with selective disclosure, aiming to balance confidentiality with regulatory compliance. Analysts believe the NIGHT rollout could eventually inject positive momentum if adoption accelerates. Still, traders caution that ADA’s immediate outlook remains tied to technical fragility, liquidity challenges, and overall market sentiment. Related Reading: Dogecoin Cup And Handle Pattern Is Returning, What Happens To Price If It’s Completed? For now, ADA sits on a razor’s edge, stabilizing near support, but vulnerable to a deeper drop toward $0.43 and potentially $0.30 if sellers keep control. Cover image from ChatGPT, ADAUSD chart from Tradingview