Cardano Price Prediction: Cardano (ADA) has been experiencing a corrective phase for the past three weeks, largely influenced by broader market uncertainty, particularly around the Bitcoin ETF launch. From a recent high of $0.677, ADA price has fallen almost 30%, currently trading around $0.497. Despite this bearishness, there is a silver lining: a bullish reversal pattern is forming in the token. This suggests a potential opportunity for buyers to reignite the currency's recovery trend. $0.49786318 trading now
Over the past seven months, Cardano price movements have largely stagnated, consistently struggling to stay above the $0.7 threshold. This prolonged sideways trend gradually transformed into a bullish 'cup and handle' pattern.
This pattern is often seen as a precursor to an asset price bottoming out, followed by a sustained recovery. Currently, the ADA is in the process of forming a 'handle', a minor correction phase that typically gathers bullish momentum for a breakout above key resistance levels.
With buying pressure building near the $0.46 support level, ADA's price is likely to rise 35%, challenging the neckline resistance at $0.677.
A decisive breakout above this level could be an early indicator of a reversal, possibly sending the price up another 66% to a target of $1.135.
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The daily time frame chart for ADA shows a long-tail rejection candle at the $0.46 support level, indicating continued buyer interest during the bearish price. This support level, reinforced by the 50% Fibonacci retracement level and the 100-day exponential moving average (EMA), forms a strong demand zone, setting the stage for a bullish reversal. However, if buyers fail to maintain this key area, it could indicate strong selling pressure, leading to a possible extended decline and invalidating the bullish pattern. #BTC #ADAUpdate
Bionexus Gene Lab Corp Makes History With Ethereum-Focused Treasury Strategy


By Terence Zimwara
Fri Mar 7 1:30:45 EST 2025
Nasdaq-listed Bionexus Gene Lab Corp (BGLC) has approved a treasury strategy centered on ethereum.
Wyoming Blockchain Laws Hailed
Bionexus Gene Lab Corp (BGLC), a technology and healthcare-focused company incorporated in Wyoming, announced on March 6 that its board of directors has approved an ethereum-focused treasury strategy. This move makes the Nasdaq-listed company the first to “exclusively prioritize Ethereum (ETH) as a strategic treasury asset.”
According to a press statement, BGLC has also released its Ethereum strategy whitepaper, which explains why the company chose the second-largest cryptocurrency. The statement adds that Wyoming’s “forward-thinking blockchain laws” were crucial in guiding BGLC in its current direction.
Commenting on the announcement, the company’s CEO, Sam Tan, said:
By integrating Ethereum into our corporate treasury, BioNexus Gene Lab Corp. is embracing the future of financial infrastructure. Ethereum offers high liquidity, utility, and stability compared to other digital assets, positioning BGLC as a leader in blockchain-integrated corporate finance. Wyoming’s regulatory leadership further validates our decision, as it fosters an environment where blockchain businesses can thrive.
While other listed companies like Strategy (formerly Microstrategy) and Metaplanet have prioritized bitcoin (BTC), BGLC stated that an extensive analysis of ETH prompted its board to opt for the latter. Factors that influenced the BGLC board’s decision include Ethereum’s institut yield-generating capabilities.
Upcoming improvements to the protocol, such as the Pectra upgrade, as well as Ethereum’s dominance in financial infrastructure, were also identified as reasons for choosing ETH.
As part of this strategy, BGLC plans to expand its use of Ethereum and blockchain technology, focusing on financial applications, treasury management, and integrating blockchain into $ETH
Markets are ever-changing—new trends emerge, technologies evolve, and strategies shift. Yet, the old trader remains, shaped by experience, patience, and the wisdom of cycles. While the market thrives on volatility and innovation, the seasoned trader knows that discipline outlasts trends, and true success lies not in chasing the new, but in mastering the timeless principles of risk, strategy, and resilience.
In recent market movements, XRP has seen mixed price action and is down by more than four percent on the weekly chart. At press time, XRP is trading at $3.12 and has slightly drifted to the green zone.
could make one more move to the upside before a potential shift in trend. As of now, the price is expected to rise, potentially reaching a new peak. However, the crucial question remains: will this push higher lead to further gains, or will it mark the peak of the rally before a correction begins?
After a five-phase pattern, a major top or larger correction typically follows, signaling increased risk. This doesn’t necessarily mean a bearish trend, but the current rally could be nearing its end.
Potential Breakout Targets: Where Could the Price Head Next?
On the smaller time frame, XRP is facing resistance at its all-time high of $3.30. A breakout above this level could see the price surge towards new targets, including $4.19, $5, and possibly even $6.61.
XRP recently completed an internal triangle pattern, which broke out to the upside on January 13. However, the price failed to break above its all-time high and has since entered a consolidation phase. There is no clear breakout signal at the moment, and the price is holding above key support levels between $2.52 and $2.94.
These support levels have been respected multiple times, and the price recently reacted to the $2.81 level, which represents a 50% retracement. The expectation remains for a continuation to higher prices, with potential moves to $4.90 or even $5. However, it’s also possible that XRP may form another low before continuing upwards.
Traders should watch for a breakout above $3.30–$3.40 to confirm the continuation of the bullish trend. Until that happens, a pullback to the lower support levels remains a possibility.
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