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"1.41 Billion ADA Snatched Up – 107% Price Explosion Incoming!"

The Crypto Basic

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Santiment recently reported that #Cardano price surged 107% since whale accumulation began, with 1.41 billion ADA added since November 2023. 

Read more on: https://thecryptobasic.com/2025/02/12/cardano-whales-scoop-1-41b-tokens-sparking-107-price-surge/
#CryptoNewsFlash 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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#Solana faces a crucial test at the $145 support level, while a bullish weekly chart fuels hopes for a breakout beyond $300. Solana is struggling to stay above the $130 psychological level as the broader market remains quiet. Following a bullish recovery, a sudden drop in buying momentum has led to consolidation. However, the gradual rise in bearish pressure raises concerns about a potential breakdown below the $145 level. Could this trigger a quick pullback to $137? Solana Price Analysis On the 4-hour chart, Solana’s recovery rally saw a bounce from the $95 low to a swing high at $157. However, the bulls’ struggle to sustain levels above the $150 psychological barrier has led to sideways movement. Currently, SOL is fluctuating between the lower boundary at $145 and the upper resistance at $155. It trades around $148, with a minor lower wick on the latest 4-hour candle indicating some buying interest. While this slight recovery hints at a potential bullish reversal, the 50 EMA on the 4-hour chart now serves as dynamic support. However, a recent breakdown of a local ascending trendline raises the risk of a steeper correction. Additionally, the consolidation zone between $145 and $155 has completed a bearish head-and-shoulders pattern, with the neckline aligning with the $145 support level. Optimistic Analyst Eyes Solana Breaking Out of a Cup and Handle Pattern Despite short-term bearish signals, crypto analyst Ali Martinez anticipates a major recovery for Solana on the weekly chart. According to him, SOL is forming a cup-and-handle pattern. The neckline of this formation is near the $300 level. Currently, Solana is progressing positively within the “handle” portion, approaching the overhead trendline. If a breakout occurs, Solana could see a strong bullish move, potentially reaching a new all-time high. SOL Price Targets Based on this analysis, as long as Solana holds above $145, bulls will likely aim for new higher highs. A breakout above $155 could set the stage for a rally toward $165 and then $180... #CryptoNews🚀🔥V

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#SUI rallies with a breakout above $3.50, fueled by 29% of Ethereum outflows. Could a golden cross push SUI to a new all-time high? As the total crypto market cap, excluding Bitcoin and Ethereum, recovers to $828.61 billion with a 7% surge this month, altcoins are gaining momentum. SUI is among the top-performing assets, recording a 58% increase in April. The SUI token has surged from an opening price of $2.26 to a current market price of $3.58. Now holding above the $3.50 resistance-turned-support level, bulls are aiming for a new all-time high. SUI Price Analysis On the daily chart, SUI shows a bullish reversal, marking the end of a recent pullback phase. The rally has led to a breakout from a falling wedge pattern. The uptrend broke through both the 200-day EMA and the 23.60% trend-based Fibonacci level at $3.30. However, after clearing this key resistance, momentum has slightly weakened. This is indicated by the formation of multiple doji candles on the daily chart. Still, with the broader bullish trend intact, the 50-day and 200-day EMAs are on track to form a golden cross—a historically bullish signal. Additionally, the daily RSI remains in overbought territory, reflecting strong upward momentum. SUI Receiving Ethereum Outflows Beyond price action, the SUI network itself is experiencing increased traction. According to a recent tweet by Torero Romero, data from Wormhole Scan shows a notable transition of Ethereum funds to the SUI network. Over the past 365 days, 29% of Ethereum outflows via the Wormhole Bridge have been directed to SUI. This growing adoption positions the SUI network as an emerging Ethereum alternative, potentially driving even greater demand for the token in the coming months. SUI Price Targets Based on current price action and network momentum, the SUI uptrend is likely to continue. According to trend-based Fibonacci levels, the rally could target the 61.80% level, near $8, signaling a potential new all-time high. On the downside, critical support lies below $3.30, with the 200-day EMA at $2.79 as the next key level. #CryptoNewsFlash

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"Bitcoin Prediction: Expert Says the Bottom Is In, Eyes $200K Target by 2025"

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US Secretary of Commerce Howard Lutnick reveals how the United States aims to support #Bitcoin mining operations under President Donald Trump’s administration. During an interview with Bitcoin Magazine, Lutnick shared his vision for Bitcoin mining. He disclosed that the Commerce Department’s investment accelerator initiative will benefit Bitcoin mining companies and allow miners to set up shop in the U.S. Bitcoin Miners Will Benefit from Investment Accelerator Initiative Last month, President Donald Trump ordered the Commerce Department to create an Investment Accelerator office to accelerate investments of $1 billion in the American economy. This initiative helps clear regulatory hurdles for businesses looking to invest in America and fast-tracks the process of obtaining the necessary operational licenses for these businesses. Interestingly, the Commerce Secretary emphasized that the investment accelerator would support crypto businesses, particularly Bitcoin mining companies. Other Bitcoin Mining Support Besides helping miners obtain the required operational licenses, Lutnick suggests that the Commerce Department would allow Bitcoin miners to build their own power plants right next to where they intend to site their mining data centers. This power plant, often powered by wasted gas, would allow miners to run their operations off-grid without relying on local utilities. “Bitcoin miners will be allowed to put their data centers on top of gas fields, with a power plant set up right next to them,” Lutnick remarked. “This way, miners won’t be drawing power [from the existing grid].” With this support, Lutnick expects the next generation of Bitcoin miners in America to ‘control their destinies’ and drastically reduce power costs. He speculates that the support would ‘turbocharge’ Bitcoin mining operations in the United States.... #CryptoNewss

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#Cardano founder and IOG CEO Charles Hoskinson recently joined the conversation around enhancing Bitcoin messaging capabilities via the OP_RETURN functionality. The conversation emerged after a Cardano DRep, “Psiloblox,” raised concerns about the lack of OP_Return support in most Bitcoin wallets. It highlighted missed opportunities for users to attach messages to Bitcoin transactions. In response, Hoskinson described the critique as “interesting.” Notably, the context of the conversation is the Cardano native wallet, Lace, adding Bitcoin support. Given the significance, Cardano proponents like Psiloblox are lauding the move and highlighting weaknesses in other wallet services. Growing Interest in OP_Return Applications In the tweet, Psiloblox explained that most Bitcoin wallets do not utilize OP_Return, one of Bitcoin’s few non-financial features. He emphasized the feature’s potential by sharing a previous personal experience requesting a new function in the Bitkit wallet. Specifically, Psiloblox suggested allowing users to add a message field, automatically converting it into HEX format for easier use. He pointed to the Moonshine wallet as an example. As a result, Psiloblox argued that such an enhancement could set wallets apart from others lacking this support. He had also proposed integrating a QR code scanning feature for OP_Return fields to boost usability further. Bitcoin Developers Push to Remove OP_Return Data Limits Meanwhile, some Bitcoin developers are pursuing changes that could expand OP_Return’s capabilities even further. One example is developer Peter Todd, who acknowledged two years of attempts to curb data storage abuse. This request proposes eliminating the 80-byte limit on OP_Return data, a measure initially intended to discourage spam. Todd’s initiative draws on a formalization effort led by Chaincode Labs’ Antoine Poinsot. It encourages developers who view the current restriction as unnecessary to test and evaluate the proposed adjustments. #Crypto

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