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⭐ Cardano price dropped 4% as the altcoin markets retracted over the past 7 days. On-chain data shows how recent bullish action from Cardano whales could propel ADA price back above the $0.40 resistance.
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🌟🤔🤔 Could Bitcoin Be on the Verge of a Bull Rally⁉️ Analysts See Positive Signs in May ‼️ READ NOW ‼️ Bitcoin (BTC) is exhibiting signs of a potential bullish trend in May, driven by key indicators. Experts have highlighted factors such as miner economics, network hashrate, long term holder accumulation, and rising global fiat liquidity, suggesting that a price increase could be on the horizon. This comes as the largest cryptocurrency continues its recovery rally from early April lows, up 14.6% over the past month. Is a Bitcoin Bull Run Returning⁉️ In the latest X post, analyst and WiM Media founder Robert Breedlove referenced Blockware Team’s average miner breakeven cost data to forecast that Bitcoin might be on the cusp of a bull market. He noted that the price generally doesn’t remain below this average for extended periods, as it represents the threshold at which miners may cease operations if unprofitable. “In a rational economy, assets rarely trade below their cost of production,” Breedlove remarked. He highlighted that the index accurately identified six bottoms between 2016 and 2024. Notably, it signals another bottom, suggesting that a price increase in Bitcoin could be imminent. MacroMicro data further supports this. At the time of writing, the 30 day moving average (MA) of the mining cost to BTC price ratio stood at 1.05. This indicated that miners have been operating at a loss on average over the past month. Therefore, this could potentially lead to an upward price movement as miners operating at a loss scale back, tightening supply. The Bitcoin hash rate price model, which evaluates Bitcoin’s value based on the historical relationship between its price and hash rate, adds to the bullish outlook. $BTC
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💥✳️ #bitcoin has done well reclaiming the 20 WEMA and holding the dotted white line once more . However, we need to see the #sp500 do the same, reclaim the 20 WEMA, failure to do could be a clue that btc is about to break down towards the green line at $32K Be cautious jumping into longs at this point. Always pay attention to where the minimal risk trades are. For example, the bear flag target in April was the time to go long with minimal risk. $BTC
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✴️✨️💫 $ETH Monthly chart | Macro Perspective ‼️READ BELOW‼️ I believe this mid term correction is over. We took out the Aug Oct 2023 lows, printed a giant reversal candle and held the mid line of the Channel The bottom is in and we're gonna have a good mid-term bounce 📈 This can be a Dead Cat Bounce or a bullish Rally to a new ATH, but given the weakness of Eth this cycle and the fact that there're only 7 months left to the cycle, I'm leaning towards the dead cat bounce scenario. So in the next few months I'm expecting a good rally: ETH & its ecosystem will bounce. My first target is $2500 🎯 📍 $2700-3200 is supposed to be a Rejection Zone (lower high) 🔨 👉 To be fully bullish and expect new highs we need to break through that Zone and break out of the Channel $ETH
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✳️🔥🌟 SUI Token Surges 62% Amid Pokémon Collaboration Rumors ‼️READ NOW ‼️ SUI token has surged 62% this week due to rumors of a Pokémon collaboration fueled by Parasol Technologies' involvement. Parasol Technologies, acquired by Mysten Labs, is linked to the Pokemon HOME privacy policy update, stoking blockchain speculation. The Sui ecosystem sees impressive growth, with its total value locked (TVL) reaching $1.6 billion and SUI's market performance improving.. Offboarding criteria include less than 1,000 SOL in external stake or 18+ months on the foundation’s mainnet delegation. The move aims to boost decentralization by reducing reliance on foundation-backed delegations, promoting more community driven validators. 🔥 Quick Take: The 24-hour trading volume on decentralized exchanges (DEXs) has also seen a substantial rise, reaching $577 million, a 167% increase from the previous week. Additionally, stablecoins on the Sui network have grown rapidly, from $482 million to $879 million over the past two months, marking an 82% increase. As rumors swirl, all eyes are on The Pokemon Company and Mysten Labs for clarity. The dots remain unconnected for now, but the speculation has undeniably put Sui in the spotlight. $SUI
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⭐️ Longing #SWARMS Here Long(5x-10x) Entry: 0.034$ - 0.032$ Reason: Break out of Downtrend channel pattern. Above strong resistance zone. Chart looks bullish for it. Worth buy for short term quick profits too. Targets: 0.036$, 0.038$, 0.040$, 0.042$, 0.044$, 0.046$, 0.048$, 0.050$, Stoploss: 0.02820$
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