JPMorgan sees less than a 50% chance of a U.S. strategic crypto reserve gaining approval, citing congressional hurdles.
Cardano founder Charles Hoskinson has revealed that he was not invited to the upcoming White House Crypto Summit on March 7. His exclusion has sparked discussions, especially since the blockchain network’s ADA token is included in US President Donald Trump’s proposed crypto reserve. No White House invite In a March 6 broadcast, Hoskinson revealed that […]
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Stellar (XLM) is attempting to reclaim a recently lost level that could propel the price to a retest of a key resistance zone. Some market watchers suggested that its price could be preparing for a massive surge to a new all-time high (ATH). Related Reading: Cardano 125% Pump Coming? Analyst Says ADA ‘Could Be Poised’ For Rally To $2.20 Stellar Getting Ready For 300% Breakout Stellar has seen a 9% surge in the past day, recovering from this week’s market dump and rallying to the $0.30 mark again. According to crypto analyst Ali Martinez, Stellar could witness a 300% breakout soon as the cryptocurrency appears to be forming a bullish pattern. After the November 2024 breakout, XLM started to form a bullish flag, with the 600% post-US election rally forming the pattern’s flagpole. Since then, Stellar has been consolidating between the $0.63 and $0.25 price range, forming the pattern’s flag. Since hitting its 3-year high in December, XLM has seen a 52% price decrease, failing to break above its downtrend line. During the February market retraces, the cryptocurrency retraced nearly 40% from its monthly opening, hitting its lowest price action since November. Over the weekend, Stellar followed the rest of the crypto market, fueled by US President Donald Trump’s announcement of a US Crypto Strategic Reserve comprised of “made in the USA” cryptocurrencies like XRP, Cardano (ADA), and Solana (SOL). XLM surged around 25% from the range’s lower levels to $0.37, retesting the $0.35 key resistance. The $0.32-$0-35 range has been a key zone for the cryptocurrency since the Q4 2024 breakout, serving as a crucial support level until turning into resistance in February. As the analyst pointed out, “A sustained break above the $0.42 resistance could trigger a bull run to $1.60.” Nonetheless, the cryptocurrency’s recent performance has failed to reclaim a key level in the mid-zone of its 3-month price range. XLM Following 2017’s Playbook? XLM failed to hold the $0.35 level amid the Monday market dump, retracing 20% and erasing the Sunday gains. Breaking above this resistance could send Stellar’s price to the bull flag’s upper range while failing to reclaim it could send the price to the pattern’s lower range between $0.20 and $0.23. On Tuesday, the cryptocurrency continued bleeding and retested its recent lows as support. XLM bounced from $0.27 above the $0.30 level on Wednesday morning, attempting to reclaim it. Technical Analyst Charting Guy highlighted that XLM’s Relative Strength Index (RSI) recently broke out of a 96-day downtrend “while price consolidated in the golden pocket with time capitulation getting to people.” Related Reading: Ethereum Price ‘Between Heaven And Hell’: $2,000 Level Retest Key For ETH’s Next Move He also noted that XLM’s bull flag “coincidentally targets” the 1.272 Fibonacci level at around $2.46. After its recent performance, the cryptocurrency appears to be following its 2017 pattern, which adds “more confluence to 1.272 fib target,” he explained. In Q4 2017, Stellar saw a similar price breakout, followed by a consolidation period within a bullish flag. XLM then broke out of this pattern and rose over 190% to ATH in early 2018. To the analyst, “Once we break above the top of the golden pocket, it’s game on.” At the time of writing, Stellar trades at $0.30, a 2.4% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Cardano has seen massive volatility since last weekend after an explosive 80% price surge, fueled by President Trump’s announcement that ADA will be part of the U.S. Strategic Crypto Reserve. The news triggered a wave of buying activity, sending Cardano soaring as investors reacted to the unexpected endorsement. Related Reading: Ethereum Breaks Below Parallel Channel – Is ETH Collapsing To $1,250? However, the excitement was short-lived as ADA dropped over 35% in the following days, dragged down by a broader market meltdown. The sharp correction left traders questioning whether Cardano could sustain its momentum or if it would struggle alongside the rest of the crypto market. Despite the recent pullback, analysts and investors remain bullish, believing ADA is well-positioned for future gains once market conditions improve. Many expect Cardano to outperform in the next rally, especially given the strong accumulation trends seen among major players. On-chain data from Santiment reveals that whales accumulated over 420 million ADA following Trump’s announcement, indicating confidence in the asset’s long-term potential. This surge in whale activity suggests that institutional and high-net-worth investors are positioning themselves ahead of the next market move. Cardano Prepares For A Historic Rally Cardano is currently trading below crucial liquidity around $1 after days of massive volatility, struggling to maintain stability as selling pressure intensifies. Bulls are attempting to reclaim control, but the overall market remains uncertain, with extreme selling pressure keeping ADA from making a decisive move. Despite the recent decline, analysts are still calling for a breakout, though sentiment remains divided. The broader crypto market is in a state of uncertainty, with investors cautious about the next major move. Until Cardano can establish strong support and break through key resistance, traders remain on edge. However, on-chain data suggests growing optimism among major investors. Ali Martinez shared Santiment data on X, revealing that following President Trump’s announcement of the U.S. Strategic Crypto Reserve, whales accumulated over 420 million ADA. This signals confidence among high-net-worth investors who see long-term value in Cardano despite short-term volatility. Notably, this whale accumulation trend has been ongoing since late 2024, with large holders buying ADA whenever prices drop. This suggests that whales are strategically positioning themselves for future price action, expecting Cardano to perform well in the next market cycle. Related Reading: Litecoin Fails To Break Key Resistance Level Again – Can Bulls Hold Range Lows? The next few weeks will be crucial as market volatility intensifies. If bulls can reclaim key levels, ADA could see a strong recovery. However, failure to hold current support may lead to further downside pressure, aligning with the broader market’s struggles. Investors are now watching closely to see whether Cardano can withstand the turbulence and set up for its next major move. Price Testing Crucial Resistance Level Cardano (ADA) is currently trading at $0.95 after a period of massive price swings, surging from $0.65 to $1.17, only to drop back to $0.75 before rebounding to current levels. This extreme volatility has kept traders on edge as ADA struggles to establish a clear trend. For bulls to regain control, reclaiming the $1 mark with conviction is crucial. A decisive breakout above this psychological level could signal a major rally, potentially pushing ADA beyond multi-year highs around $1.30. Such a move would reinforce bullish momentum and set the stage for further price expansion in the coming weeks. However, holding above $0.75 remains essential to prevent further downside pressure. This level has acted as a key demand zone, supporting ADA through multiple retracements. A breakdown below $0.75 could trigger renewed selling pressure, extending losses and delaying any potential recovery. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target With market volatility still high, traders are watching whether ADA can hold its ground and push higher. If bulls manage to flip $1 into support, the next leg up could come quickly. Otherwise, continued consolidation within this range may prolong uncertainty before the next major move.
The final reserve will be almost entirely bitcoin and will be larger than people think, the report said.
Cardano (ADA) is presently experiencing a significant increase in popularity on cryptocurrency exchanges. Investors are closely monitoring the most recent data, which suggests a significant increase in network activity and price movement. Related Reading: Ripple Co-Founder Tied To Untouched XRP Holdings Worth Billions—Crypto Sleuth Following the disclosure by US President Donald Trump on Tuesday that Cardano (ADA) and four other large-cap cryptocurrencies, including Bitcoin, will serve as the foundation of the US Strategic Crypto Reserve, Cardano has been among the talk of the town. Whales Show Appetite With Large Transactions There has been a cascading effect throughout the Cardano ecosystem as a result of an inundation of substantial transactions. On March 4, the analytics platform Santiment monitored 1,132 whale transactions, with 2,671 unique transactions exceeding $100,000. The most significant whale activity in the past three months occurred when ADA momentarily reached $1.13, triggering a major whale entry into the market. ???? Cardano’s brief, major breakout to $1.13 came in tandem with the most whale activity in over 3 months. The sudden jump in $100K+ transfers sparked a drop in the average age of $ADA sitting in wallets, indicating a rise in tokens now back in regular circulation on the network. pic.twitter.com/bGliMmEesx — Santiment (@santimentfeed) March 4, 2025 Cardano Price Momentum Gaining Steam The cryptocurrency is showing signs of steady resilience. Over the past 24 hours, the value of ADA has increased by 21%, fluctuating between a low of $0.75 and a high of $0.94. ADA is currently trading at $0.9972, sustaining a solid 45% increase in the weekly frame. The futures markets are also a hive of activity, as open interest has surged by more than 6% in the past 24 hours, reaching 905 million ADA, which is equivalent to over $842 million. Shifting Regulatory Winds For Cryptocurrency Meanwhile, another motivating factor would be the possibility of regulatory progress. Grayscale has received acknowledgment from the US Securities and Exchange Commission (SEC) to register an exchange-traded fund (ETF) that is compliant with ADA. This acknowledgment has the potential to increase the chances for mainstream capital investment, as Cardano is now on the shortlist of altcoins awaiting official feedback. Progress Promotes Community Involvement Cardano Founder Charles Hoskinson continues to push boundaries with the platform. Recent developments include ambitious plans to track government spending and advance decentralized governance. The Plomin hard fork stands as a testament to the project’s commitment to innovative blockchain solutions. Related Reading: Bitcoin ‘Won’t Stop At $150K’ This Year, Research Firm Chief Says Cardano’s future remains the subject of cautious optimism among analysts. Although there are numerous speculations circulating on certain social media platforms regarding a potential $10 price point, the majority of observers recommend that individuals maintain realistic expectations. The cryptocurrency market is characterized by frequent fluctuations and remains unpredictable. Cardano distinguishes itself through its consistent network enhancements and evolving ecosystem. The most recent data indicates that token circulation is increasing and there is a renewed interest among investors. Numerous individuals will monitor the platform’s development to determine whether these encouraging indicators will ultimately generate long-term value. Featured image from Market Realist, chart from TradingView
Bitwise CIO Matt Hougan said the market is "overthinking things" amid the U.S. crypto-reserve fueled Trump pump and slump.
The cryptocurrency market experienced a significant rally over the weekend, sparked by President Donald Trump’s announcement regarding the inclusion of three additional digital assets—Solana (SOL), XRP, and Cardano (ADA)—in a future national “Crypto Strategic Reserve.” This news provided a much-needed respite for the market, which had been grappling with a downturn due to a series of challenges, including a memecoin debacle, a major hack, and ongoing tariff uncertainties. Short-Lived Crypto Rally Initially, president Donald Trump’s announcement led to impressive gains across the board. XRP surged by 32% in the hours following the news, while Solana saw a 27% increase, and Cardano jumped as well. However, as the excitement settled, these gains began to fade. In the past 24 hours, XRP has lost 18% of its value, Solana is down 20%, Ethereum (ETH) 25%, and Cardano dropped 25%. Bitcoin, which had briefly rallied by 11%, also experienced a decline of 10% in the same period. Related Reading: Dogecoin To Join Trump’s Crypto Reserve? Elon Musk Reacts The backdrop of this rally was Trump’s announcement of a 25% tariff on goods imported from Canada and Mexico, a move that has raised concerns among both stock and crypto investors. The president indicated that the time for negotiation had passed, leading to immediate reactions in financial markets. Coinbase CEO Advocates For Bitcoin-Only Reserve Despite the boost in interest from Trump’s declaration, details surrounding the establishment of the Crypto Strategic Reserve remain vague. While the president named the currencies to be included, he did not specify when the reserve would be operational or how the government intends to finance these assets. This ambiguity leaves investors and industry leaders alike awaiting further clarification, particularly as Trump prepares to host the first cryptocurrency summit at the White House this Friday. The event will reportedly feature prominent figures from the digital asset space, including founders, CEOs, and investors, and is expected to shed light on the administration’s plans. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Zach Pandl, head of research at Grayscale, noted the growing trend among investors to diversify their crypto holdings. He emphasized that while Bitcoin remains a focal point for many, the digital asset class is diverse, and investors are increasingly looking for a broader range of exposures similar to those in traditional asset classes. However, not all industry leaders are on board with the idea of a multi-asset reserve. Brian Armstrong, CEO of Coinbase, suggested that including just Bitcoin might be the simplest and most effective approach. Coinbase’s CEO acknowledged the interest in diversification but proposed a market cap-weighted index of crypto assets as a potential alternative to maintain neutrality. So far, XRP has managed to consolidate at $2.30, down more than 32% from its record high of $3.40 reached during the 2018 bull cycle. Featured image from DALL-E, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
On Sunday, Cardano (ADA) saw a massive 80% pump following the US President’s announcement of a “Crypto Strategic Reserve” that will include ADA. As the cryptocurrency retests its key support levels, some analysts believe it might be poised for a 125% rally from current levels. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Cardano Attempts Reclaiming $1 On March 2, US President Donald Trump announced the establishment of a “US Crypto Reserve” comprised of Cardano, XRP, and Solana (SOL), with Bitcoin (BTC) and Ethereum (ETH) at the heart of the strategic reserve. On his social media platform, Truth Social, Trump stated the strategic reserve would “elevate the critical industry after years of corrupt attacks by the Biden Administration.” The announcement sent many cryptocurrencies into an end-of-week pump to reclaim some recently lost support levels. ADA has been in a downtrend since December when it hit its 3-year high of $1.32 but failed to hold the $1 support in mid-January. The February market retraces sent the cryptocurrency’s price below several key support zones, with the token hovering between the $0.60-$0.80 price range. Following Trump’s announcement, Cardano rose 60% in two hours, climbing from $0.64 to the $1 barrier for the first time in over a month. ADA continued its surge in the following hours, recovering over 80% from its Friday low of $0.58. On Sunday, ADA hit a two-month high of $1.17 before retracing over 20% to the key $0.90 support zone. Cardano investor Sebastian noted that the retest of the $0.92 level was “perfectly normal after such an insane move.” The investor suggested it could consolidate within the $0.90-$1.00 range for a few days before resuming its ascending trajectory. Moreover, he asserted that If ADA breaks above its December high, the token could likely see a new all-time high (ATH) soon. ADA’s New High Could Be Near Crypto analyst Ali Martinez stated that Cardano “could be poised for a rally to $2.20.” According to the post, investors should “watch for a 12-hour candlestick close above $1.19” to confirm the bullish breakout and target an 84% jump from the breakout level. Martinez also highlighted that Cardano whales bought over 420 million ADA in the past 24 hours, which could signal strong sentiment from large-scale investors on the cryptocurrency. Meanwhile, Sjuul from AltCryptoGems affirmed that Cardano’s chart displays a “big power of 3 in the making.” This pattern divides the price cycle into three phases: accumulation, manipulation, and distribution. Related Reading: Bitcoin Reclaims Key Levels And Faces Resistance At $97K – Can It Break $100K This Week? The first phase consists of a consolidation near the recent high after a strong price performance. The second phase sees a token’s price falling below the accumulation phase’s support level and trades within a range below the recently lost zone. In the third phase, a strong price breakout occurs, with momentum building and participants entering the market. According to Sjuul, “the chart never lies,” and Cardano entered the distribution phase after Sunday’s pump, suggesting that ADA could retest December highs soon. As of this writing, ADA trades at $0.91, a 9.9% retrace in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Cardano recent price surge has been nothing short of impressive, with ADA climbing steadily to challenge the $1.17 resistance level, a key psychological and technical barrier. Overbought conditions often precede a period of consolidation or correction, as traders take profits and the market seeks equilibrium. For ADA, this could mean a temporary slowdown or pullback from the $1.17 resistance, especially if buyers fail to muster enough strength to break through this stubborn level. On the other hand, a successful breach could open the door for further gains, potentially propelling ADA toward higher price targets. Cardano’s Rally Hits A Wall At $1.17 After an impressive rally that stalled at the $1.17 resistance level, ADA is beginning to show signs of weakness, with selling pressure gradually increasing. The failure to break past this key resistance has led to a shift in momentum, causing the price to decline toward the $0.9077 support zone. This pullback suggests that bulls may be losing strength and bears are beginning to take control. Related Reading: Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out Technical indicators further reinforce the possibility of a continued downturn as momentum begins to shift in favor of the bears. The Relative Strength Index (RSI), which previously hovered in overbought territory due to strong buying pressure, is trending downward. This decline suggests that bullish momentum is weakening, and traders may be taking profits, leading to an increase in selling pressure. Additionally, a break below the mid-level (50) on the RSI would validate the bearish outlook, increasing the likelihood of a deeper correction. If the RSI continues to slide toward the oversold region and ADA fails to hold above the critical $0.9077, it could accelerate ADA’s decline toward lower support levels A breakdown below this level would signal rising bearish pressure, potentially pushing the price toward $0.8119, a key area where buyers previously stepped in to halt declines. If this support fails to provide a strong rebound, ADA might extend losses, testing the $0.80 level and serving as another crucial barrier for the bulls. Bullish Scenarios For ADA Cardano has the potential for a bullish turnaround as key support levels hold and buying pressure increases. The $0.9077 level is crucial for a rebound, and a strong bounce from this area could trigger renewed momentum, allowing ADA to challenge resistance levels and regain upside directions. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move Furthermore, the $1.17 level serves as a key pivot for ADA’s bullish scenario. A breakout above this mark, backed by strong volume, may signal growing buyer confidence. If successful, ADA may gain momentum and target $1.58 and beyond. However, for these bullish scenarios to play out, Cardano must hold above key support levels, especially $0.9077. Failure to maintain control by buyers puts ADA at the risk of further declines. For now, traders are watching for signs of stabilization and bullish confirmations before expecting a strong upward move. Featured image from Adobe Stock, chart from Tradingview.com
Trump’s announcement of a strategic crypto reserve on Mar. 2 ignited a swift and widespread rally that reversed the recent dip in sentiment following Bitcoin’s drop below $80,000 last week. While Bitcoin and Ethereum were widely assumed to be the reserve’s central components, the initial announcement only mentioned XRP, Solana, and Cardano. The market’s response […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The US government’s decision to establish a Strategic Crypto Reserve has ignited intense discussions, with industry leaders questioning its structure and asset selection. On March 2, US President Donald Trump revealed that his executive order had directed his administration to create a national crypto reserve. According to him, the initiative aims to solidify the country’s […]
The post Trump’s crypto reserve faces backlash over ADA and XRP inclusion appeared first on CryptoSlate.
Trump's reserve announcement raised further questions over asset allocations, how it would be funded and how likely it is to be enacted.
Cardano price started a surge above the $0.70 zone. ADA is up over 60% and now consolidates near the $1.050 support zone. ADA price started a fresh surge above the $0.70 and $0.90 levels. The price is trading above $1.00 and the 100-hourly simple moving average. There is a short-term contracting triangle forming with resistance at $1.1450 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.150 resistance zone. Cardano Price Skyrockets After a major decline, Cardano found support near the $0.580 zone. ADA formed a base and recently started a fresh surge after Trump’s announcement of the crypto reserve. It rallied over 60%, outperforming Bitcoin and Ethereum. There was a move above the $0.70 and $0.90 levels. The bulls even pumped the price above the $1.0 resistance. A high was formed at $1.1577 and the price is now consolidating gains. There was a minor decline below the $1.10 level. The price tested the 23.6% Fib retracement level of the upward move from the $0.6446 swing low to the $1.1577 high. Cardano price is now trading above $1.00 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.10 zone. The first resistance is near $1.1450. There is also a short-term contracting triangle forming with resistance at $1.1450 on the hourly chart of the ADA/USD pair. The next key resistance might be $1.150. If there is a close above the $1.150 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.220 region. Any more gains might call for a move toward $1.250 in the near term. Another Decline in ADA? If Cardano’s price fails to climb above the $1.150 resistance level, it could start another decline. Immediate support on the downside is near the $1.040 level. The next major support is near the $1.00 level. A downside break below the $1.00 level could open the doors for a test of $0.90. The next major support is near the $0.80 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $1.0400 and $1.000. Major Resistance Levels – $1.1000 and $1.1500.
Analyst says expectations 'may remain high' until Friday, citing Crypto Czar David Sacks' hints of 'more to come' at the upcoming Summit.
Amid the crypto market downtrend, crypto analyst Master Ananda has provided a bullish outlook for the Cardano price, predicting it can still reach a new all-time high (ATH) of $8.11. The analyst also raised the possibility of ADA reaching $10. Cardano Price To Reach New ATH Of $8.11 In a TradingView post, Master Ananda predicted that the Cardano price could rally to a new ATH of $8.11 as it records “massive growth” this year. The analyst affirmed that ADA is officially in bull market territory following the completion of the first wave of the initial bullish breakout. In line with this, he predicts a new wave that could send Cardano to this $8 price target. Related Reading: Cardano Price Bounces From Key Support Level, But There’s Still A Risk To Crash To $0.85 Master Ananda further explained that the initial bullish breakout peaked very early in December last year. The analyst noted that such a strong bullish wave will always lead to a correction, which explains why the Cardano price is witnessing a significant crash alongside the broader crypto market. The crypto analyst assured that the present correction doesn’t mean much for the market. He further remarked that this is just a period of rest while the players, traders and market participants consolidate all previous gains. Master Ananda added that the market needs to adapt to the previous massive phase of growth. Further Analysis Of ADA’s Bull Market Price Action Master Ananda noted that in a bullish market, a correction will always end in a higher low. According to him, the higher the low of the higher low, the stronger the chart or pair is considered. He gave an example of the ADA/USDT paid which launched the previous bullish wave from a baseline of $0.3000. Related Reading: Cardano Price Breaks Down From Ascending Channel, Here Are Two Ways It Could Go The correction higher-low ended at around $0.6000 for the Cardano price, which the analyst noted is 100% higher than the baseline price. Master Ananda remarked that this means that Cardano is super strong. He also revealed that the first peak ended around $1.35, which he claimed is “awesome.” Furthermore, the crypto analyst noted that from a low of $0.2756 in August 2024, this move adds up to a total growth of around 375%. However, he asserted that there will be more for the Cardano price this time around in this 2025 bull run. Alluding to his accompanying chart, Master Ananda highlighted $2, $4.84, $8.11 and even $10.5 as the new 2025 peak potential. Master Ananda stated that he is sharing this Cardano price action analysis now because he believes that ADA is witnessing the establishment of a short-term higher low. The first low happened in early February and now the second is happening. He asserted that the second higher low will launch the next bull market bullish wave. At the time of writing, the Cardano price is trading at around $0.59, down over 11% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Cardano price started a fresh decline from the $0.70 zone. ADA is now consolidating losses and at risk of more losses below the $0.60 level. ADA price started a fresh decline below the $0.6850 and $0.650 levels. The price is trading below $0.6550 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.660 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.70 resistance zone. Cardano Price Dips Further After a decent increase, Cardano faced resistance near the $0.70 zone. ADA formed a short-term top and recently started a fresh decline, like Bitcoin and Ethereum. There was a move below the $0.6850 and $0.6650 levels. The bears were able to push the price below $0.6350. A low was formed at $0.6016 and the price is now consolidating losses. It is still below the 23.6% Fib retracement level of the downward wave from the $0.6769 swing high to the $0.6016 low. Cardano price is now trading below $0.650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.620 zone. The first resistance is near $0.640 and the 50% Fib retracement level of the downward wave from the $0.6769 swing high to the $0.6016 low. The next key resistance might be $0.660. There is also a connecting bearish trend line forming with resistance at $0.660 on the hourly chart of the ADA/USD pair. If there is a close above the $0.660 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.680 region. Any more gains might call for a move toward $0.70 in the near term. More Losses in ADA? If Cardano’s price fails to climb above the $0.660 resistance level, it could start another decline. Immediate support on the downside is near the $0.60 level. The next major support is near the $0.5850 level. A downside break below the $0.5850 level could open the doors for a test of $0.550. The next major support is near the $0.50 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.6000 and $0.5850. Major Resistance Levels – $0.6600 and $0.7000.
As part of his Cardano price prediction, crypto analyst CobraVanguard has revealed what needs to happen for ADA to never drop below the $0.8 level again. This comes amid the US SEC’s acknowledgment of Grayscale’s Cardano ETF filing, providing a bullish outlook for the crypto. How The Cardano Price May Never Drop Below $0.8 Again In a TradingView post, CobraVanguard noted that the Cardano price continues to move well within the wedge. The analyst claimed that if this wedge is broken, then market participants will no longer see ADA below $0.80. The analyst’s accompanying chart showed that a break above could see Cardano reclaim the $1 psychological price level. Related Reading: Cardano Price Eyes Breakout To $6 After Bouncing From 43% Drawdown This bullish outlook for the Cardano price comes as the US Securities and Exchange Commission (SEC) acknowledged Grayscale’s Cardano ETF filing. An ETF is bullish for the ADA price as it will attract institutional investors and drive more inflows into the coin’s ecosystem, which could spark a rally to new highs. However, in the meantime, the Cardano price looks to be in bearish territory, as it has declined alongside the broader crypto market. ADA is currently below the $0.8 price level, which could represent a great buying opportunity, especially if the crypto eventually never sees this price level again, as CobraVanguard predicted. Regarding the short-term bearish outlook for the Cardano price, crypto analyst CryptoBusy also noted that ADA is barely clinging to its 0.5 Fibonacci support level. The analyst added that a breakdown below this Fib support could lead to a straight drop to the $0.618 price level. CryptoBusy suggested that this breakdown will likely happen as ADA is facing significant selling pressure. A Mega Bounce Is Coming For ADA In an X post, crypto analyst Sebastian told market participants to get ready for a mega bounce for the Cardano price after this market downtrend. In another post, he remarked that the worst time to sell is right now. He added that in a month, market participants will wish they had bought more. According to him, the market is a game of emotions and the more people capitulate, the higher prices will go eventually. Related Reading: Possible Deep Correction Could Push Cardano Price To $0.43, Here’s How Meanwhile, crypto analyst Ali Martinez recently noted that the most critical support zone for the Cardano price is between $0.67 and $0.80. He remarked that as long as this level holds, ADA’s bull run remains intact. His accompanying chart showed that ADA could still reach its current all-time high (ATH) of $3.10 and possibly surpass this price level in this market cycle. At the time of writing, the Cardano price is trading at around $0.65, down over 12% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Cardano (ADA), once hailed as a top contender in the blockchain space, is now facing a challenging phase as its price charts take a sharp turn for the worse. Over the past few weeks, ADA has struggled to maintain its footing, with technical indicators increasingly pointing to the possibility of further downside With market sentiment tilting toward caution, traders and investors are closely monitoring ADA’s next moves. Will the current bearish setup trigger a sharper decline, or can ADA stabilize and mount a comeback? A Breakdown Of Recent Market Movements Recent market movements for ADA have painted a concerning picture, highlighting a distinct lack of strong bullish momentum. Despite occasional attempts to recover, the altcoin has consistently failed to reclaim crucial resistance zones, leaving the asset vulnerable to more downside. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move ADA is showing signs of increasing bearish momentum as the assets have made a negative crossover below the 100-day Simple Moving Average (SMA) a key indicator that often dictates market trends. Sustained trading beneath this level reflects diminishing bullish strength and increases the likelihood of a downtrend. Adding to the concerns, the Relative Strength Index (RSI) is trending downward below the 50% threshold, indicating a decline in buying pressure and a shift toward a bearish trajectory. This weakening demand suggests that sellers are gradually gaining control, making it harder for ADA to stage a recovery. If the RSI continues to decline toward oversold territory, it could reinforce the pessimistic outlook, increasing the risk of a deeper price correction. ADA’s negative trend is likely to persist should ADA fail to break above the 100-day SMA and the RSI remains below the 50% threshold coupled with rising selling pressure. Typically, this scenario could lead to an extended decrease, pushing the price toward major support levels. Key Levels To Watch: Where Can ADA Find Support? As ADA struggles to gain upside momentum, identifying key support levels becomes crucial in assessing potential downside risks and rebound opportunities. With the price trading below the 100-day SMA and bearish sentiment prevailing, market participants are closely watching how the asset reacts to critical price zones. Related Reading: Cardano (ADA) at a Crossroads: Could Bears Take Control Again? The first key support to watch lies around $0.6822. If selling pressure persists, retesting this area is probable, where bulls may attempt to defend the price and prevent further declines. A bounce from this level could indicate a short-term recovery. However, failure to hold the $0.6822 support puts the next major zone to watch at $0.5229, a historically significant level that has served as a key turning point in previous market movements. Losing this support might accelerate the bearish momentum, leading to a deeper correction. Featured image from iStock, chart from Tradingview.com
Cardano price started a fresh decline from the $0.820 zone. ADA is now consolidating losses and at risk of more losses below the $0.7350 level. ADA price started a fresh decline below the $0.80 and $0.7650 levels. The price is trading below $0.7750 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7620 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7750 resistance zone. Cardano Price Climbs Above $0.750 After a decent increase, Cardano faced resistance near the $0.820 zone. ADA formed a short-term top and recently started a fresh decline, underperforming Bitcoin and Ethereum. There was a move below the $0.80 and $0.7650 levels. The bears were able to push the price below $0.750. A low was formed at $0.7362 and the price is now consolidating losses. It is well below the 23.6% Fib retracement level of the downward move from the $0.8191 swing high to the $0.7362 low. Cardano price is now trading below $0.7650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.750 zone. The first resistance is near $0.7620. There is also a connecting bearish trend line forming with resistance at $0.7620 on the hourly chart of the ADA/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.8191 swing high to the $0.7362 low. The next key resistance might be $0.7680. If there is a close above the $0.7680 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.80 region. Any more gains might call for a move toward $0.850 in the near term. More Losses in ADA? If Cardano’s price fails to climb above the $0.7620 resistance level, it could start another decline. Immediate support on the downside is near the $0.7350 level. The next major support is near the $0.7320 level. A downside break below the $0.7320 level could open the doors for a test of $0.7150. The next major support is near the $0.70 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.7350 and $0.7150. Major Resistance Levels – $0.7620 and $0.7680.
Cardano is trading above key demand levels after experiencing a volatile Friday. The market reacted sharply to the news of Bybit’s $1.4 billion hack, causing widespread fear and uncertainty. Prices across the crypto market, including Cardano, dropped from local highs, testing critical support levels. ADA fell over 7% on Friday as panic-driven selling took hold, but the market has since stabilized as Bybit reassured investors with a strong response. Related Reading: Bitcoin Faces Serious Price Compression – What Happened Last Time Despite the short-term volatility, analysts remain optimistic about ADA’s next move. Top analyst Ali Martinez shared a technical analysis on X, revealing that Cardano remains in a consolidation phase and is setting up for a potential 25% price move. Historically, consolidation at key demand levels has led to strong breakouts, and if ADA maintains support above its current range, a bullish move could follow. Investors are closely watching the price action as ADA continues to trade within a tight range. If bullish momentum builds, a breakout could send Cardano toward higher supply zones, confirming a new upward trend. However, if market sentiment weakens, a deeper retrace into lower demand levels may occur. The next few days will be crucial in determining Cardano’s short-term direction. Cardano Holds Key Demand Amid Uncertainty Cardano is holding above key demand levels amid recent uncertainty and fear triggered by Bybit’s hack. The event shook the market, causing a wave of selling pressure that pushed most altcoins, including ADA, into low demand levels. The extreme selling pressure that began in late December remains a concern for investors, as volatility continues to dominate price action. Despite this, ADA has managed to maintain its position above critical support zones, fueling speculation about a possible recovery. Bulls are growing increasingly cautious as ADA struggles to reclaim key supply levels. Many investors remain hopeful that the current consolidation phase will lead to a breakout. Martinez’s analysis on X suggests that Cardano remains in consolidation and could be setting up for a potential 25% price move. Historically, periods of extended consolidation at major support levels have led to explosive rallies, and ADA’s current positioning could indicate a major move is on the horizon. If Cardano successfully reclaims key supply levels and pushes above resistance zones, a massive recovery rally could follow, propelling prices toward multi-month highs. However, losing its current demand zone could trigger a significant correction, further extending ADA’s downward trend. The next few days will be crucial in determining the direction of Cardano’s price action. Related Reading: Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run – Details ADA Prepares For A Move Cardano (ADA) is trading at $0.76 after failing to reclaim the $0.82 mark for the second time. The price has been struggling to gain momentum, with selling pressure keeping it below key resistance levels. Bulls need to push above $0.82 and hold it as support to establish a foundation for higher prices. If ADA successfully reclaims this level, the next key target is $0.85, which aligns with the 4-hour 200 moving average, a critical indicator for short-term strength and momentum. For ADA to confirm a bullish recovery, buyers must defend the $0.73 level over the coming days. Holding above this level will demonstrate strength and allow the price to build a base for a potential rally. However, if Cardano fails to hold above $0.73, further downside could be expected, with the risk of a drop into lower demand zones. Related Reading: Ethereum Holds Key Support – Analyst Doubts Bears Can Defend $4K Anymore Investors remain cautious as ADA continues to trade within a tight range, and a breakout in either direction could set the stage for the next major move. If bulls manage to reclaim key resistance levels, a strong recovery rally could follow. However, failure to break above resistance could keep ADA trapped in consolidation for an extended period. Featured image from Dall-E, chart from TradingView
Cardano is trading above key demand levels after a volatile Friday that saw prices react sharply to the Bybit $1.5+ billion hack news. Bybit is a top cryptocurrency exchange. The market-wide panic took prices from local highs to critical demand zones, with Cardano dropping over 7% in less than six hours. Fear spread quickly, driving prices down as investors worried about further downside pressure. However, Bybit’s quick response and assurances have helped restore confidence, preventing a more aggressive selloff. Related Reading: Ethereum Holds Key Support – Analyst Doubts Bears Can Defend $4K Anymore Despite the turbulence, Cardano remains above crucial support, suggesting that bulls are still in control as long as these levels hold. Top analyst Ali Martinez shared a technical analysis on X, revealing that the most critical support zone for Cardano (ADA) is between $0.67 and $0.80. This range serves as a strong demand area where accumulation has historically occurred. Holding this level is crucial for ADA’s short-term outlook, as a breakdown below could trigger further selling pressure. With market sentiment stabilizing and key support levels intact, ADA could be positioned for a rebound. However, bulls need to reclaim lost ground quickly and push back above resistance levels to confirm a stronger recovery. All eyes remain on the broader market reaction following Bybit’s security breach. Cardano Bulls Holding Key Demand Cardano is trading at key demand levels that could serve as a strong base for a recovery rally. Bulls remain cautious as volatility and uncertainty continue to drive most altcoins into lower demand zones. The extreme selling pressure seen across the market since late December has shown no signs of stopping, leaving many investors on edge. Despite this, there is growing optimism that Cardano could soon reverse its bearish trend and begin a strong rally. Technical indicators suggest that ADA is at a critical point, where a sustained hold above key demand levels could set the stage for a significant move upward. Martinez’s technical analysis on X highlights that the most critical support zone for Cardano is between $0.67 and $0.80. This price range has historically served as a strong accumulation zone, and as long as it holds, the broader bull run remains intact. If ADA successfully defends this range, bulls could regain confidence and push the price toward higher resistance levels. A breakout above key supply levels could accelerate buying pressure, triggering a move back toward previous highs. However, if selling pressure intensifies and ADA breaks below support, further downside could follow. Related Reading: On-Chain Metrics Reveal The Most Critical Resistance For Bitcoin – Can BTC Break $97.5K? With market sentiment improving following Bybit’s security breach resolution, investors are watching closely for signs of strength in Cardano’s price action. Those who have been accumulating during this consolidation phase could benefit from an eventual uptrend if bullish momentum returns. Holding above the $0.67–$0.80 zone will be crucial in determining whether ADA can recover and reclaim lost ground in the coming weeks. Price Testing A Critical Level Cardano (ADA) is trading at $0.75 after another failed attempt to reclaim the $0.82 mark, a key resistance level that bulls have struggled to break. The short-term objective for bulls must be to push ADA above this level and hold it as support, signaling a shift in momentum toward the upside. A successful breakout would open the door for a test of the $0.85 level, which is aligned with the 4-hour 200 moving average (MA)—a key indicator of short-term strength. For now, ADA remains in a consolidation phase, and bulls need to maintain control above the $0.73 level in the coming days. Holding this price range would confirm short-term strength and indicate a potential bullish recovery. If ADA fails to stay above $0.73, sellers could regain control and push the price lower, increasing the risk of a deeper correction. Related Reading: Solana Sweeps Lows But Recovers – Can Bulls Reclaim $185 by Friday? Market conditions remain uncertain, but if bulls reclaim $0.82, a strong rally could follow, driving ADA toward higher resistance levels. Investors are watching closely to see if Cardano can establish a higher low and break the bearish trend that has persisted for weeks. Holding key support levels is essential for a sustainable recovery. Featured image from Dall-E, chart from TradingView
Cardano founder Charles Hoskinson has outlined a strategy to secure the network in a post-quantum world. In a Feb. 20 broadcast, he emphasized the urgency of adapting blockchain systems as quantum computing advances. Hoskinson’s comments come as he praises Microsoft’s Majorana 1 quantum chip. The Cardano founder said the technology is one of the most […]
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Cardano Foundation revealed that the network’s community has officially ratified the blockchain’s constitution, setting the stage for its implementation on Feb. 23. In a Feb. 19 post on X, the Cardano Foundation said: “The Cardano Constitution has been ratified. This milestone sets the foundation for on-chain governance, ensuring clear rules, transparency, and accountability in decision-making.” […]
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Cardano founder Charles Hoskinson believes Artificial General Intelligence (AGI) could emerge within three to five years, marking a transformative moment in AI evolution. In a Feb. 19 post on X, Hoskinson said: “I’d say we are 3-5 years away from AGI.” AGI represents a significant leap in AI evolution. Unlike current models, AGI would possess […]
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The long-awaited FTX creditor payouts are set to begin today, February 18 after over two years of bankruptcy. This payment, which is the first batch, is targeted towards targeting smaller creditors. Nonetheless, the payout could have a few effects on the crypto industry, especially if creditors receive payouts in crypto. A crypto analyst, Excavo, has shared his perspective on TradingView, highlighting the potential liquidity shifts that could follow FTX’s creditor payouts and the broader implications for Bitcoin and altcoins. FTX Payouts Kick-Off: How Does This Affect The Crypto Market? FTX has confirmed that creditor repayments will commence on February 18, starting with those in the convenience class category of creditors with claims of $50,000 or less. These creditors will receive full repayment plus an additional 9% annual interest accrued since November 2022, totaling approximately $1.2 billion in payouts. Related Reading: FTX Investors Blindsided By Distribution Rumors, When Is The $16 Billion Coming? For creditors with larger claims exceeding $50,000, distributions will begin in Q2 2025, with FTX planning to disburse $7 billion as part of a larger $16 billion payout in total. As noted by Excavo, the significance of these payouts extends beyond individual investors, as the redistribution of these funds could reshape liquidity flows across the crypto market. If creditors receive payouts in crypto and decide to sell, it could create downward pressure on the market. However, most repayments are expected in cash, and it is now left to see how investors will reinvest them into the market. The first thought is that most of these repayments will go back into Bitcoin, which would trigger a Bitcoin price rally. However, with billions set to enter the market, a significant portion could flow into altcoins, especially if Ethereum staking ETFs receive regulatory approval later in 2025. This aligns with speculation that an altcoin ETF wave could drive capital into other altcoins like Cardano, Dogecoin, XRP, and most especially Solana. Excavo’s analysis noted that the lack of liquidity rotation into altcoins has left many underappreciated, but this could change if a substantial portion of FTX repayments is redirected into the broader crypto market and not Bitcoin. Will Bitcoin Crash Or Rally In Response To FTX Repayments? The total FTX repayment to creditors is expected to be in excess of $16 billion, with most being cash repayments. The injection of billions of dollars could cause fresh buying pressure if reinvested into the market. You could argue that this is the general consensus among bullish investors. Related Reading: Bitcoin Price Action: Why The Next 30 Days Could Be A Game-Changer For The Market For example, some members of the Reddit crypto community have noted that they are eager to reinvest their FTX payouts into the crypto industry. “It’s all getting degen’d straight back into crypto,” one Reddit user commented. With Bitcoin at the forefront of recent inflows into the market, the majority of the payout could as well easily go back into Bitcoin. Crypto analyst Excavo thinks otherwise, noting that most of the FTX repayments flowing back in will go into the altcoin market. At the time of writing, Bitcoin is trading at $95,300, down by 0.75% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
Cardano’s decentralized finance (DeFi) environment has increased significantly, with the total value locked (TVL) expanding by 13%. The spike, while impressive, is the product of multiple variables at work in the blockchain’s expanding DeFi scene. Related Reading: XRP Set To Outshine Gold? Analyst Predicts 1,000% Surge This surge is due to major protocol improvements and a steady rise in the adoption of decentralized apps (dApps), indicating a bright future for the network. Key Upgrades And Protocol Improvements Recent network upgrades have substantially facilitated Cardano’s expansion. The Ouroboros Peras protocol is notable for its influence on blockchain governance and scalability. These modifications enhanced transaction speeds, eased network congestion, and increased DeFi engagement. The recent Chang Hard Fork has enhanced the functionality of Cardano’s ecosystem, rendering it more appealing for DeFi projects to initiate on the platform. Cardano experienced substantial growth in Q4 2024, with ADA’s price surging to $0.84. This rally drove its market capitalization up 127% quarter-over-quarter (QoQ) to $30.3 billion, despite a 2.2% decline in circulating supply, data from Messari shows. ADA’s ranking by circulating market cap improved from 11th to 9th, reflecting growing investor confidence and increased network activity. The surge in market cap highlights heightened demand, increased liquidity, and a stronger presence within the broader crypto market, reinforcing ADA’s position as a leading blockchain asset. Liqwid Finance: A Key Factor For Growth One of Cardano’s most well-known DeFi protocols, Liqwid Finance, has shown remarkable growth in terms of TVL and user engagement. With a decentralized approach, this protocol offers reasonable rates for lending and borrowing. Alongside Cardano’s growing DeFi TVL, Liqwid Finance has emerged as a key force behind this growing trend, showcasing the potential of decentralized finance on the platform. Stablecoins Popularity Up Another important change in Cardano’s DeFi area is the rise of stablecoins. Cardano’s stablecoin market has grown thanks to the release and use of more tokens on a number of DeFi systems. People have long thought of the Cardano network as a reliable alternative to other blockchain systems, and this change shows how stable and appealing it is becoming. Mixed Results In NFT Activity Not all industries are seeing the same trend even if Cardano is clearly growing in the DeFi market. Results about the non-fungible token (NFT) market of the network have been erratic. While overall transaction volume has increased, several projects and NFT collectors have found it challenging to sustain constant increase. Related Reading: Dogecoin To $1.35? Analyst Predicts Milestone ‘Within 70 Days’ Meanwhile, Cardano’s stablecoin market cap grew 66% from one quarter to the next. This shows that assets like iUSD and DJED are becoming more popular. But there were mixed signs from NFT activity. The average daily trading volume of NFTs in USD went up 86% to $78,900 because the value of the ADA went up. However, the number of NFT sales and transactions went down slightly. Cardano’s 13% rise in DeFi TVL and soaring market cap figures illustrate the growing impact of the blockchain on decentralized finance. As fresh updates keep spreading and protocols like Liqwid Finance gain popularity, the long-term prospects of the network seem bright. Featured image from DALL-E, chart from TradingView
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