Cardano Price Analysis
Due to rising selling pressure, the crypto market has seen roughly $1.5 billion in liquidations. In such circumstances, Cardano (ADA) trades around $0.55, down over 13% in 24 hours. ADA is the 10th biggest cryptocurrency by market size at $19.56 billion.
Trading volume rose to $1.6 billion in 24 hours due to higher supply. Trading volume is rising while price falls, indicating rising demand. Will this drop ADA to $0.50?
The top positions since December 2024 have a falling trendline. Each time the price reaches this trendline, it falls.
Cardano Price Chart
From $1.23 in December to $0.55 now, Cardano has dropped over 55%. This raises negative expectations for the $0.50 collapse.
A rectangular consolidation zone developed in March and early April has broken down. Bearish trend continuance.
Cardano is below all important daily EMAs (20, 50, 100, 200) at $0.55. This is 17% away from the nearest EMA at $0.66.
The 20 EMA crossing below the 50 EMA in late March established a trend continuation “death cross” pattern.
Fibonacci numbers indicate that the 50% level at $0.77 and the 0.382 level at $0.88 are major resistance levels. The $0.65 price zone provides immediate support, while the 78.60% Fibonacci level at $0.51 provides greater support. Bulls must guard against additional crashes.
The next targets are $0.48 along the falling trendline and $0.40 if the ADA price falls below $0.55. If ADA breaks above the present level, it might test the 0.618 Fibonacci level at $0.67 and subsequently the 0.5 level at $0.77.
Bears Rule Cardano Futures Amid Major Shakeout
Cardano's Open Interest is $310.2 million, while perpetual contracts are $309.4 million. The open interest dropped 15.11% across all contracts in the previous 24 hours. Large liquidations and a drop in open interest amid a price downturn indicate a trader shakeout.
#Cardano #ADA #TrumpTariffs #BTCvsMarkets #VoteToListOnBinance $ADA $BTC $XRP
KernelDAO (KERNEL) is now featured on Binance Megadrop, offering users an exciting opportunity to earn airdrop rewards by locking their BNB and completing Web3 quests. Here's a summary of the key details: #KernelDao #KernelAirdrop #KernelDAOMegadrop
KERNEL Megadrop Overview:
- Token Name: KernelDAO (KERNEL)
- Max Token Supply: 1,000,000,000 KERNEL
- Total Token Supply: 1,000,000,000 KERNEL
- Megadrop Token Rewards: 40,000,000 KERNEL (4% of total supply)
- **Additional Marketing Campaign Allocation**: 40,000,000 KERNEL (allocated in batches 6 months after spot listing)
- Initial Circulating Supply: 162,317,496 KERNEL (16.23% of total supply)
What is Binance Megadrop?
Binance Megadrop is an interactive platform that integrates Binance Simple Earn and the Binance Wallet, offering users early access to select Web3 projects before they hit the Binance Spot market. This combination of education, engagement, and rewards enhances the airdrop experience for users, positioning Megadrop as a key player in the crypto ecosystem.
A detailed research report on KernelDAO (KERNEL) will be available within 24 hours.
How to Participate:
- Lock your BNB: By locking your BNB on Binance and completing Web3 quests, you can be eligible for airdrop rewards.
- Stay Updated**: More details, including the full research report, will be released soon.
Keep an eye on Binance for the latest updates and be sure to participate for a chance to earn KERNEL tokens!
🌟 Last night, we co-hosted K-BBQ DAO in Hong Kong at Wan Chai with @KaiaChain as the host. The event, themed "Make Web3 Work for Mobile," brought together VCs, Web3 leaders, and innovators over Korean BBQ for insightful discussions and valuable connections.
💡 Over premium Korean BBQ, we explored how superapps can boost #Web3 adoption by integrating #defi and decentralized platforms. The focus on Asia's mobile-first potential made the event a resounding success.
🙌 Big thanks to all who joined, especially @KaiaChain for hosting this impactful evening. The Web3 community thrives—here's to future progress! 🚀
Top Crypto Gainers – Bullish Energy Across the Board!
$SOL: $110.97 (+8.01%) – Leading the pack with strong upside momentum
$DOGE: $0.15112 (+7.13%) – Meme power still alive, breakout vibe
XRP: $1.9032 (+5.41%) – Pumping hard, eyes on $2 psychological level
$BTC: $79,926 (+3.24%) – Nearing $80K zone again, bulls holding strong
ETH: $1,583.60 (+3.18%) – Solid recovery from dip, grinding up
BNB: $561.45 (+2.49%) – Slow but steady climb
Momentum Watch:
Keep a close eye on SOL and DOGE for continuation setups. BTC above $80K could spark another round of rallies.
#TrumpTariffs #RiskRewardRatio #StopLossStrategies #BTCvsMarkets #PowellRemarks
According to monitoring by Spot On Chain, as the market recovers, Curve Finance founder Michael Egorov has resumed selling CRV. Today, he sold 236,457 CRV, worth approximately $108,000. Since March 24, he has sold a total of 3.083 million CRV at an average price of $0.527, cashing out around $1.62 million.
$MUBARAK /USDT – Breakdown Alert as Bears Regain Control!
Price slipped to $0.0384 (-1.03%), nearing session low of $0.0383
Market Insight:
After rejecting from the $0.0408 zone, MUBARAK/USDT has formed lower highs and broken support levels, confirming a micro downtrend. Last 15m candle showed strong selling volume, closing near the lowest price of the move—suggesting sellers in control.
Trade Setup:
Entry Zone: $0.0382–$0.0385
Target 1: $0.0375
Target 2: $0.0368
Stop Loss: $0.0392
Pro Tip:
Watch for volume around $0.0380—if buyers fail to step in, next leg lower could trigger quick 3–5% drop.
#TrumpTariffs #RiskRewardRatio #StopLossStrategies #BTCvsMarkets #DiversifyYourAssets
$GMX / USDT: Bullish Surge Breaks Resistance – A Golden Opportunity?
🔑 Market Insight:
$GMX has defied the odds, surging past $13.00 after breaking through key resistance levels. After a solid 30%+ move from the $9.60 entry zone, the momentum is undeniably strong. For those who were patient, this is a well-deserved reward!
📈 What’s Next:
Breakout Confirmed: Above $11.20, the momentum took off.
Retest Zone: A healthy pullback to $11.60–$11.80 could be the perfect buying opportunity.
Next Target: Holding above $12.40 can push this toward $13.50+.
💡 As investors, timing the entry is crucial. Let's stay sharp. Watch closely for a smooth retest and fresh buying zones. 🔥
#GMX #Crypto #Bullish #InvestorAlert
🐍 Australia’s corporate watchdog is on a mission to slay some scammy hydras! ASIC has been given the green light to shut down 95 companies suspected of crypto and romance scams, known as "pig butchering." These companies were caught pretending to offer genuine services but were actually scamming victims.
ASIC has been busy, removing over 10,000 scam websites, but warns that scams are like hydras—cut one head off, and two more grow! Consumers, stay sharp!
In brighter news, scam losses fell by 26% to $2 billion in 2024. Keep dreaming big, crypto enthusiasts!
Bitcoin enthusiasts, rejoice! 🚀 Despite a whirlwind of $240 million in digital asset outflows last week, Bitcoin remains a beacon of resilience. While US trade tariff concerns sent ripples through the market, Bitcoin's total year-to-date inflows still stand strong at $1.3 billion.
CoinShares highlights the impressive stability of digital assets, especially when compared to the 8.5% drop in MSCI World equities. Bitcoin, although facing $207 million in outflows, showcases its enduring appeal amidst economic uncertainty.
With investors in regions like Canada seizing the moment to increase their positions, Bitcoin's allure continues to shine bright in the crypto cosmos! 🌟
Australia's corporate watchdog, ASIC, has been authorized to dismantle 95 companies suspected of running crypto and romance scams, often referred to as "pig butchering." These scams involve building fake relationships to lure victims into fraudulent investments. The Federal Court approved the shutdown after finding these firms were set up with false information. Liquidators have been appointed, revealing claims of over $35.8 million from victims across 14 countries. ASIC continues to combat scams, removing around 130 fraudulent websites weekly, but warns that the threat remains high.