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Is a Bullish Recovery in Sight?
The daily chart shows that XRP is testing a crucial resistance zone (highlighted in red) around $2.51 after rebounding from the 100-day Simple Moving Average (SMA), which has acted as a strong dynamic support. This le#vel is a key inflection point—whether XRP breaks above it or gets rejected will determine the next major price movement.#MtGoxTransfers #MarketRebound #MtGoxTransfers $XRP #MtGoxTransfers $XRP
$BTC
The daily chart shows that XRP is testing a crucial resistance zone (highlighted in red) around $2.51 after rebounding from the 100-day Simple Moving Average (SMA), which has acted as a strong dynamic support. This le#vel is a key inflection point—whether XRP breaks above it or gets rejected will determine the next major price movement.#MtGoxTransfers #MarketRebound #MtGoxTransfers $XRP #MtGoxTransfers $XRP
$BTC
On-Chain Metrics Soar
Despite the recent crash, XRP investors appear to be seizing the opportunity to accumulate at lower levels. According to crypto analyst Ali Martinez, on-chain data reveals that the number of active XRP addresses has surged by an astonishing 620% in the past week, jumping from 74,589 to 462,650.#WhiteHouseCryptoSummit #MtGoxTransfers #USJobsSlump #BBWDocuSeries
Despite the recent crash, XRP investors appear to be seizing the opportunity to accumulate at lower levels. According to crypto analyst Ali Martinez, on-chain data reveals that the number of active XRP addresses has surged by an astonishing 620% in the past week, jumping from 74,589 to 462,650.#WhiteHouseCryptoSummit #MtGoxTransfers #USJobsSlump #BBWDocuSeries
The cryptocurrency market is showing signs of recovery after experiencing one of the sharpest sell-offs on Monday and Tuesday. The recent downturn was largely driven by U.S. President Donald Trump’s tariff-related policies, which triggered panic selling across major assets, including Bitcoin (BTC) and XRP.
However, a potential reversal is in play as market sentiment improves. The key catalyst behind today’s recovery is a statement from the U.S. Secretary of Commerce, hinting that Trump may roll back tariffs on Canada and Mexico later today (Wednesday).
This news has injected optimism into the market, pushing XRP’s price up by over 10%, from a 24-hour low of $2.27 to its current level of $2.51. #WhiteHouseCryptoSummit #MtGoxTransfers #USJobsSlump $BTC
$XRP
However, a potential reversal is in play as market sentiment improves. The key catalyst behind today’s recovery is a statement from the U.S. Secretary of Commerce, hinting that Trump may roll back tariffs on Canada and Mexico later today (Wednesday).
This news has injected optimism into the market, pushing XRP’s price up by over 10%, from a 24-hour low of $2.27 to its current level of $2.51. #WhiteHouseCryptoSummit #MtGoxTransfers #USJobsSlump $BTC
$XRP
#FTXrepayment Future Insights: Navigating a Volatile Market
As Bitcoin grapples with renewed bearish sentiment, traders must remain vigilant of the fluctuating market landscape. The growing preference for assets like gold suggests a shift that could redefine how cryptocurrencies, particularly Bitcoin, are perceived in times of economic uncertainty.
The implications of this shift mean that investors may need to reassess their strategies and outlook for Bitcoin as part of a diversified portfolio. The upcoming White House Crypto Summit on March 7 may provide further insights into regulatory approaches and potential changes that could influence market dynamics.$XRP $BTC $ETH
#TrumpCongressSpeech #GPSonBinance #GPSonBinance #USTariffs
As Bitcoin grapples with renewed bearish sentiment, traders must remain vigilant of the fluctuating market landscape. The growing preference for assets like gold suggests a shift that could redefine how cryptocurrencies, particularly Bitcoin, are perceived in times of economic uncertainty.
The implications of this shift mean that investors may need to reassess their strategies and outlook for Bitcoin as part of a diversified portfolio. The upcoming White House Crypto Summit on March 7 may provide further insights into regulatory approaches and potential changes that could influence market dynamics.$XRP $BTC $ETH
#TrumpCongressSpeech #GPSonBinance #GPSonBinance #USTariffs
#TrumpCongressSpeech Market Response to Economic uncertainties
In light of the recent U.S. trade policies, both stocks and cryptocurrencies have taken a hit. The S&P 500 and Nasdaq Composite Index dropped by 1.76% and 2.64%, respectively, further confirming the trend of risk aversion among investors. Meanwhile, gold prices are gaining traction as a preferred asset.
This change in sentiment highlights the stark contrast between Bitcoin and gold’s price performances; while gold has risen over 10% this year, Bitcoin has decreased by approximately 10% since January 1st, demonstrating a clear shift in investor confidence.$BTC $ETH #WhiteHouseCryptoSummit $BTC
In light of the recent U.S. trade policies, both stocks and cryptocurrencies have taken a hit. The S&P 500 and Nasdaq Composite Index dropped by 1.76% and 2.64%, respectively, further confirming the trend of risk aversion among investors. Meanwhile, gold prices are gaining traction as a preferred asset.
This change in sentiment highlights the stark contrast between Bitcoin and gold’s price performances; while gold has risen over 10% this year, Bitcoin has decreased by approximately 10% since January 1st, demonstrating a clear shift in investor confidence.$BTC $ETH #WhiteHouseCryptoSummit $BTC
Bitcoin’s Image as a Safe Haven Diminishes
Recent developments indicate that Bitcoin’s role as a safe haven asset is increasingly being questioned. As tensions escalate with new U.S. trade tariffs impacting relations with Canada and Mexico, many traders are redirecting their investments toward more stable commodities.
Data shows that the BTC/USD pair suffered a significant decline of $10,000 within just 24 hours, as reported by Cointelegraph Markets Pro and TradingView. This downturn coincided with a broader market sell-off, affecting not only cryptocurrencies but also equities.
The Kobeissi Letter notes that “the real driver here is the GLOBAL move towards the risk-off trade.” As fears mount regarding trade wars and economic instability, Bitcoin’s failure to hold its support levels has led to a shift in perception about its reliability as a safe have
Recent developments indicate that Bitcoin’s role as a safe haven asset is increasingly being questioned. As tensions escalate with new U.S. trade tariffs impacting relations with Canada and Mexico, many traders are redirecting their investments toward more stable commodities.
Data shows that the BTC/USD pair suffered a significant decline of $10,000 within just 24 hours, as reported by Cointelegraph Markets Pro and TradingView. This downturn coincided with a broader market sell-off, affecting not only cryptocurrencies but also equities.
The Kobeissi Letter notes that “the real driver here is the GLOBAL move towards the risk-off trade.” As fears mount regarding trade wars and economic instability, Bitcoin’s failure to hold its support levels has led to a shift in perception about its reliability as a safe have
Bitcoin is facing mounting pressures as traders pivot to gold amidst renewed U.S. trade tariffs, signaling a shift in market sentiment.
The latest analysis indicates a growing perception that Bitcoin is no longer considered a safe haven as economic uncertainty escalates.
According to insights from The Kobeissi Letter, the current macroeconomic climate is driving investors to seek stability through traditional assets like gold.
Bitcoin struggles as market dynamics shift; traders move towards gold amidst U.S. tariffs, marking a potential end to BTC’s safe haven appeal.
$XRP
$BTC #WhiteHouseCryptoSummit #FTXrepayment #USCryptoReserve #WhiteHouseCryptoSummit #CMEsolanaFutures $BTC $
The latest analysis indicates a growing perception that Bitcoin is no longer considered a safe haven as economic uncertainty escalates.
According to insights from The Kobeissi Letter, the current macroeconomic climate is driving investors to seek stability through traditional assets like gold.
Bitcoin struggles as market dynamics shift; traders move towards gold amidst U.S. tariffs, marking a potential end to BTC’s safe haven appeal.
$XRP
$BTC #WhiteHouseCryptoSummit #FTXrepayment #USCryptoReserve #WhiteHouseCryptoSummit #CMEsolanaFutures $BTC $
Bitcoin Open Interest / Liquidations / CVD & Funding rate
The liquidation heat map of BTC/USDT perpetual contracts reveals that bitcoin reached a liquidation zone identified around $78,000. Buyer interest seems to have manifested, as evidenced by the price rebound at this level.
Currently, the key liquidation zones are located on either side of the current price.
Above, a first liquidation zone is identified between $95,000 and $98,000, followed by a larger zone around $100,000. The latter extends up to $104,000 and precedes another zone between $107,000 and $111,000.
Below, we can again note the liquidation zone around $78,000. Lower down, a more pronounced zone is situated around $74,000. This precedes an even more pronounced zone between $67,000 and $61,000.
These thresholds constitute major inflection points for the market. An approach of the price towards these levels could trigger massive order activation, thus playing a key role in the upcoming movements, depending on the dynamics of supply and demand.
#GPSonBinance #GPSonBinance $SOL
$BTC
$ETH
The liquidation heat map of BTC/USDT perpetual contracts reveals that bitcoin reached a liquidation zone identified around $78,000. Buyer interest seems to have manifested, as evidenced by the price rebound at this level.
Currently, the key liquidation zones are located on either side of the current price.
Above, a first liquidation zone is identified between $95,000 and $98,000, followed by a larger zone around $100,000. The latter extends up to $104,000 and precedes another zone between $107,000 and $111,000.
Below, we can again note the liquidation zone around $78,000. Lower down, a more pronounced zone is situated around $74,000. This precedes an even more pronounced zone between $67,000 and $61,000.
These thresholds constitute major inflection points for the market. An approach of the price towards these levels could trigger massive order activation, thus playing a key role in the upcoming movements, depending on the dynamics of supply and demand.
#GPSonBinance #GPSonBinance $SOL
$BTC
$ETH
Focus on Derivatives (BTC/USDT)
The bearish retracement of BTC has led to a decline in open interest as well as the funding rate, suggesting a gradual exit of positions in BTC/USDT perpetual contracts, particularly buyers.
Similarly, the CVD has continued to decline, demonstrating a predominance of sell orders in the ongoing market. This dynamic indicates a continuation of seller aggression, illustrating strong selling pressure from investors.
Although a spike in sell liquidations was observed during the last rebound of BTC, these mainly concern buy positions. This situation reflects the dominance of sellers as well as increased volatility, weakening the buying strength in the market.$BTC
$ETH
$BNB
#TrumpCongressSpeech #WhiteHouseCryptoSummit #GPSonBinance #TrumpCongressSpeech
The bearish retracement of BTC has led to a decline in open interest as well as the funding rate, suggesting a gradual exit of positions in BTC/USDT perpetual contracts, particularly buyers.
Similarly, the CVD has continued to decline, demonstrating a predominance of sell orders in the ongoing market. This dynamic indicates a continuation of seller aggression, illustrating strong selling pressure from investors.
Although a spike in sell liquidations was observed during the last rebound of BTC, these mainly concern buy positions. This situation reflects the dominance of sellers as well as increased volatility, weakening the buying strength in the market.$BTC
$ETH
$BNB
#TrumpCongressSpeech #WhiteHouseCryptoSummit #GPSonBinance #TrumpCongressSpeech
Bitcoin (BTC) Price Situation
After breaking the support of $90,000, bitcoin faced selling pressure, amplifying its bearish move by nearly 14% and bringing its price down to $78,200. Therefore, the bearish hypothesis presented in the February 25 analysis has come to fruition.
Fortunately, the announcement by Donald Trump regarding cryptocurrency reserves allowed bitcoin to bounce back to this level. Following this news, BTC surged by over 23%, quickly reaching $96,700, a level corresponding to a value area, located just below the annual VWAP as well as the 200-day moving average.
Unfortunately, this drop was absorbed at the beginning of the week. Indeed, although this rise rekindled hope for a market recovery, bitcoin’s price faced new bearish pressure, impacting its price downward once again.
At the time of writing, bitcoin is trading around $83,700. It seems to be holding in a subtle support zone at the level of the 200-day moving average. Its upward orientation indicates a long-term bullish trend. However, the short and medium-term trend has clearly turned bearish again, as evidenced by Dow’s theory as well as the 50-day and 20-day moving averages, which are tilted downward.
The bullish momentum of bitcoin has slightly rebounded but remains overall revised downward. This is reflected both in its price and in its oscillators, which have reached new lows.
After breaking the support of $90,000, bitcoin faced selling pressure, amplifying its bearish move by nearly 14% and bringing its price down to $78,200. Therefore, the bearish hypothesis presented in the February 25 analysis has come to fruition.
Fortunately, the announcement by Donald Trump regarding cryptocurrency reserves allowed bitcoin to bounce back to this level. Following this news, BTC surged by over 23%, quickly reaching $96,700, a level corresponding to a value area, located just below the annual VWAP as well as the 200-day moving average.
Unfortunately, this drop was absorbed at the beginning of the week. Indeed, although this rise rekindled hope for a market recovery, bitcoin’s price faced new bearish pressure, impacting its price downward once again.
At the time of writing, bitcoin is trading around $83,700. It seems to be holding in a subtle support zone at the level of the 200-day moving average. Its upward orientation indicates a long-term bullish trend. However, the short and medium-term trend has clearly turned bearish again, as evidenced by Dow’s theory as well as the 50-day and 20-day moving averages, which are tilted downward.
The bullish momentum of bitcoin has slightly rebounded but remains overall revised downward. This is reflected both in its price and in its oscillators, which have reached new lows.
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe .
President Trump’s 25% tariffs on Mexico and Canada went into effect after a one-month delay this morning.
Both countries announced plans to retaliate: Canada will put a 25% levy on around $100 billion of US imports and Mexico will share its next moves on Sunday.
Trump also slapped another 10% duty on Chinese imports. In response, China will charge an extra 15% for a range of US imports, including chicken, wheat and cotton. An added 10% tariff will be placed on soybeans, seafood and other products.
China also filed a lawsuit against the US with the World Trade Organization.
Markets reacted as expected: Gold is up, stocks are down and the VIX is elevated. As of this afternoon, the S&P 500 and Nasdaq Composite had both nearly erased all gains since Election Day. The S&P 500 is now down 1.2% year to date while the tech-heavy Nasdaq has lost more than 5% since the start of the year.
The VIX spiked to above 26 shortly after the open this morning, marking the highest level of volatility we’ve seen so far this year. Uncertainty surrounding tariff policies and interest rate decisions are weighing on investor sentiment.
Perhaps surprisingly, the Mexican peso and Canadian dollar dipped just a bit, likely reflecting investors’ belief that these higher tariffs will be short-lived. Personally, I think this is wishful thinking. The longer these new trade fees stay in place, the greater the selloff we’ll see on both currencies.#TrumpCongressSpeech $BNB
$ETH
#WhiteHouseCryptoSummit #WhiteHouseCryptoSummit #USTariffs $BTC
President Trump’s 25% tariffs on Mexico and Canada went into effect after a one-month delay this morning.
Both countries announced plans to retaliate: Canada will put a 25% levy on around $100 billion of US imports and Mexico will share its next moves on Sunday.
Trump also slapped another 10% duty on Chinese imports. In response, China will charge an extra 15% for a range of US imports, including chicken, wheat and cotton. An added 10% tariff will be placed on soybeans, seafood and other products.
China also filed a lawsuit against the US with the World Trade Organization.
Markets reacted as expected: Gold is up, stocks are down and the VIX is elevated. As of this afternoon, the S&P 500 and Nasdaq Composite had both nearly erased all gains since Election Day. The S&P 500 is now down 1.2% year to date while the tech-heavy Nasdaq has lost more than 5% since the start of the year.
The VIX spiked to above 26 shortly after the open this morning, marking the highest level of volatility we’ve seen so far this year. Uncertainty surrounding tariff policies and interest rate decisions are weighing on investor sentiment.
Perhaps surprisingly, the Mexican peso and Canadian dollar dipped just a bit, likely reflecting investors’ belief that these higher tariffs will be short-lived. Personally, I think this is wishful thinking. The longer these new trade fees stay in place, the greater the selloff we’ll see on both currencies.#TrumpCongressSpeech $BNB
$ETH
#WhiteHouseCryptoSummit #WhiteHouseCryptoSummit #USTariffs $BTC
CPI news impact on crypto ?
Here’s a concise summary of how CPI (Consumer Price Index) impacts cryptocurrencies:
1. **Inflation Hedge**: Rising CPI (inflation) may drive investors to cryptocurrencies like Bitcoin as a hedge against fiat currency devaluation.
2. **Monetary Policy**: High CPI often leads to tighter monetary policies (e.g., higher interest rates), which can reduce liquidity and negatively affect riskier assets like crypto.
3. **Market Sentiment**: CPI data influences investor behavior—high inflation can create a risk-off environment, leading to crypto sell-offs, or speculative buying if crypto is seen as a better alternative.
4. **Adoption**: In countries with hyperinflation, crypto adoption may increase as a store of value or medium of exchange.
5. **Regulation**: Governments may impose stricter crypto regulations in response to inflation-driven economic instability.
6. **Historical Trends**: Post-2020, rising inflation and stimulus measures boosted crypto interest, but tightening policies later caused volatility.
In short, CPI impacts crypto through inflation expectations, monetary policy, investor sentiment, adoption trends, and regulatory changes.#CMEsolanaFutures #bitcoin #cpi $BTC
$ETH
$BNB
Here’s a concise summary of how CPI (Consumer Price Index) impacts cryptocurrencies:
1. **Inflation Hedge**: Rising CPI (inflation) may drive investors to cryptocurrencies like Bitcoin as a hedge against fiat currency devaluation.
2. **Monetary Policy**: High CPI often leads to tighter monetary policies (e.g., higher interest rates), which can reduce liquidity and negatively affect riskier assets like crypto.
3. **Market Sentiment**: CPI data influences investor behavior—high inflation can create a risk-off environment, leading to crypto sell-offs, or speculative buying if crypto is seen as a better alternative.
4. **Adoption**: In countries with hyperinflation, crypto adoption may increase as a store of value or medium of exchange.
5. **Regulation**: Governments may impose stricter crypto regulations in response to inflation-driven economic instability.
6. **Historical Trends**: Post-2020, rising inflation and stimulus measures boosted crypto interest, but tightening policies later caused volatility.
In short, CPI impacts crypto through inflation expectations, monetary policy, investor sentiment, adoption trends, and regulatory changes.#CMEsolanaFutures #bitcoin #cpi $BTC
$ETH
$BNB
The Ethereum Foundation (EF) just announced the Silviculture Society, a new 15-member advisory council, in response to leadership controversy. This diverse collection of Ethereum builders is focused on one goal: defending the project’s core values.
Vitalik Buterin claimed that this Society is an experimental effort to promote community governance. The EF will build separate organs and advisory groups to tackle other problems, but the project’s direction is the first ppriority#ETH #BTCRebundsBack #BinanceAlphaAlert $BTC $ETH
$SOL
Vitalik Buterin claimed that this Society is an experimental effort to promote community governance. The EF will build separate organs and advisory groups to tackle other problems, but the project’s direction is the first ppriority#ETH #BTCRebundsBack #BinanceAlphaAlert $BTC $ETH
$SOL
In the cryptocurrency market, the wave of correction that started after the November rally has created panic among investors, bringing Bitcoin (BTC) down to $80K from its all-time high (ATH) of $110K, while Ethereum (ETH) has dropped to $2,100 today.
Along with this, the layer-1 token Sui (SUI), which made impressive gains in late 2024, has faced a 38% correction in the last 60 days, plummeting from its ATH of $5.36 to its current price of $2.56.
Source: Coinmarketcap
However, with its ongoing price action, analysis hints that SUI could be mirroring Solana’s bullish rally during the 2021 bull run, which could be a relief sign for investors in this panic phase.
Is Sui (SUI) Following the Solana (SOL) Path?
The chart highlights a key similarity between SUI (Sui) and SOL (Solana) on the 1-day timeframe, suggesting that SUI might be
replicating the bullish breakout pattern that previously led to a major rally in SOL#SUİ $.
SUI-SOL Chart Comparison/Coinsprobe (Source: Tradingview)#BTCRebundsBack #BTCRebundsBack
Along with this, the layer-1 token Sui (SUI), which made impressive gains in late 2024, has faced a 38% correction in the last 60 days, plummeting from its ATH of $5.36 to its current price of $2.56.
Source: Coinmarketcap
However, with its ongoing price action, analysis hints that SUI could be mirroring Solana’s bullish rally during the 2021 bull run, which could be a relief sign for investors in this panic phase.
Is Sui (SUI) Following the Solana (SOL) Path?
The chart highlights a key similarity between SUI (Sui) and SOL (Solana) on the 1-day timeframe, suggesting that SUI might be
replicating the bullish breakout pattern that previously led to a major rally in SOL#SUİ $.
SUI-SOL Chart Comparison/Coinsprobe (Source: Tradingview)#BTCRebundsBack #BTCRebundsBack
PI BBTrend. Source: TradingView.
This sharp decline to -11 in Pi’s BBTrend could signal that the current uptrend is becoming significantly overextended and potentially vulnerable to a correction or consolidation phase.
When BBTrend turns notably negative after a price surge, it often indicates that the asset has moved too far too quickly and is now trading at levels that may be unsustainable in the short term.
This technical warning sign suggests that Pi might experience a pullback toward its middle Bollinger Band, a period of sideways consolidation, or at minimum, a deceleration in its upward momentum.#BinanceAlphaAlert #pi #picoin
This sharp decline to -11 in Pi’s BBTrend could signal that the current uptrend is becoming significantly overextended and potentially vulnerable to a correction or consolidation phase.
When BBTrend turns notably negative after a price surge, it often indicates that the asset has moved too far too quickly and is now trading at levels that may be unsustainable in the short term.
This technical warning sign suggests that Pi might experience a pullback toward its middle Bollinger Band, a period of sideways consolidation, or at minimum, a deceleration in its upward momentum.#BinanceAlphaAlert #pi #picoin
#Can Pi Network Reach $4 In March?
Pi Network price reached new all-time highs just hours ago as its price approached the $3 mark for the first time.
With this strong upward momentum, Pi could potentially continue its ascent, breaking through the $3 psychological barrier and testing higher resistance levels at $3.5 or even $4 in the near term.
This impressive rally demonstrates growing market interest and buying pressure that could sustain further upside if the positive sentiment persists.
PI Price Analysis. Source: TradingView.
However, as indicated by the negative BBTrend reading, this rally may be overextended and at risk of reversal. Should the downward technical signal materialize into price action, Pi could experience a substantial correction, initially falling to test support at $1.7.
If this level fails to hold, further declines to $1.42 become likely as selling pressure intensifies.
In a scenario where a strong downtrend takes hold, Pi’s price might experience an even more dramatic pullback to $0.79, which would represent its lowest level in five days and a significant retracement from current highs.#BinanceAlphaAlert #pi #picoin
Pi Network price reached new all-time highs just hours ago as its price approached the $3 mark for the first time.
With this strong upward momentum, Pi could potentially continue its ascent, breaking through the $3 psychological barrier and testing higher resistance levels at $3.5 or even $4 in the near term.
This impressive rally demonstrates growing market interest and buying pressure that could sustain further upside if the positive sentiment persists.
PI Price Analysis. Source: TradingView.
However, as indicated by the negative BBTrend reading, this rally may be overextended and at risk of reversal. Should the downward technical signal materialize into price action, Pi could experience a substantial correction, initially falling to test support at $1.7.
If this level fails to hold, further declines to $1.42 become likely as selling pressure intensifies.
In a scenario where a strong downtrend takes hold, Pi’s price might experience an even more dramatic pullback to $0.79, which would represent its lowest level in five days and a significant retracement from current highs.#BinanceAlphaAlert #pi #picoin
Ohio's Bitcoin strategic reserve bill passes committee review; the U.S. SEC has officially accepted
The Trump family continues to release crypto-friendly signals, with Eric Trump, Trump's second son, urging followers to "buy Bitcoin on dips" via social media. The growing resonance between political elites and local policies is expected to inject policy-driven optimism into the currently sluggish market.
2.FTX founder Sam Bankman-Fried (SBF) tweets about "layoffs" for the first time in two years, which the market interprets as an attempt to gain favor with the Trump administration. Following Tr
2.FTX founder Sam Bankman-Fried (SBF) tweets about "layoffs" for the first time in two years, which the market interprets as an attempt to gain favor with the Trump administration. Following Tr
Bears are again more powerful than bulls today, according to CoinStats.
ADA/USD
Unlike other coins, the price of Cardano (ADA) has gone up by 0.81%.
On the hourly chart, the rate of ADA has made a false breakout of the local support of $0.6638. If the daily bar closes far from that mark, one can expect a test of the $0.70 zone soon.
On the bigger time frame, the situation is less clear. The volume is low, which means neither bulls nor bears are dominating.
In this case, sideways trading in the narrow range of $0.66-$0.70 is the more likely scenario.
On the weekly chart, there are no reversal signals yet. If bulls cannot seize the initiative soon, the decline may continue to the $0.55-$0.60 by the end of the month.
ADA is trading at $0.6767 at press time.#BinanceAlphaAlert #ADAAnalysis #BTCDipOrRebound $ADA
ADA/USD
Unlike other coins, the price of Cardano (ADA) has gone up by 0.81%.
On the hourly chart, the rate of ADA has made a false breakout of the local support of $0.6638. If the daily bar closes far from that mark, one can expect a test of the $0.70 zone soon.
On the bigger time frame, the situation is less clear. The volume is low, which means neither bulls nor bears are dominating.
In this case, sideways trading in the narrow range of $0.66-$0.70 is the more likely scenario.
On the weekly chart, there are no reversal signals yet. If bulls cannot seize the initiative soon, the decline may continue to the $0.55-$0.60 by the end of the month.
ADA is trading at $0.6767 at press time.#BinanceAlphaAlert #ADAAnalysis #BTCDipOrRebound $ADA
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