Bitcoin is forming an ascending triangle pattern on the weekly timeframe and is currently trading within a key horizontal supply zone. The Ichimoku Cloud is providing strong support below the pattern’s trendline, indicating underlying bullish momentum.
😨 Investor Sentiment Takes a Hit Despite Shallow Pullback
Even though Bitcoin only dipped to $101K, market sentiment reacted sharply.
🔻 The Fear and Greed Index briefly slipped into Fear territory 📉 Concerns are rising over a potential double-top pattern — similar to what we saw in the 2021 cycle 🤔 Many investors remain cautious, fearing history might repeat
UNI has broken out of an ascending triangle pattern with significant volume, signaling strong bullish intent. It is currently undergoing a retest of the breakout zone, with the Ichimoku Cloud supporting bullish momentum.
Digital asset markets remain strong with Bitcoin consolidating near its $109k ATH. Elevated prices have boosted investor profitability, driving increased profit-taking and capital inflows that pushed Realized Cap above $900B—a historic milestone highlighting market liquidity depth. Short-Term Holders have realized over $11.4B in profits this month as their portfolios improved.
Ethereum surged from $1,800 to $2,700 following the Pectra upgrade, returning the average holder to unrealized profit and providing significant relief. The $2,400–$2,900 range remains critical, serving as both resistance and a potential breakout zone for sustained upward momentum. #BTCBreaks110K $SOL $BTC
To understand zkOracles, we must first examine traditional blockchain oracles. An Oracle in the context of blockchain smart contracts refers to a trusted third-party information source that supplies the chain with information derived from off-chain sources and queries. The data queried can include token prices, market volatility metrics, transaction activity, wallet balances, weather conditions, sports scores, and virtually any real-world data point. Additionally, oracles act as crucial intermediaries, connecting the highly fragmented blockchain ecosystem by analyzing vast datasets from multiple sources and providing application programming interfaces (APIs) that enable smart contracts to execute computations based on real-world events and data. In essence, traditional oracles collect, query, verify, and validate data from disparate sources before delivering them to smart contracts, bridging the gap between on-chain and off-chain worlds.
However, this traditional oracle model presents several inherent challenges. Users must place complete trust in the oracle provider, creating potential single points of failure. There are also concerns about data manipulation, censorship, and the overall transparency of how data is processed and validated before reaching the blockchain.
zkOracles: A Revolutionary Approach
zkOracles represent a functionally different and technologically superior approach to this data transmission challenge. In short, zkOracles utilize Zero Knowledge Proofs (ZKPs) as a trustless medium through which data can pass freely while retaining a robust standard of security, privacy, and cost-efficiency.
Unlike traditional oracles that require blind trust, zkOracles leverage cryptographic proofs to demonstrate that off-chain data has been correctly processed and validated without revealing the underlying computation details or sensitive information. This creates a trustless environment where smart contracts can verify the authenticity and accuracy of external data without compromising privacy or requiring faith in centralized entities.
The zero-knowledge component ensures that while the validity of the data can be mathematically proven, the specific details of how that data was obtained, processed, or computed remain private. This approach eliminates the trust assumptions inherent in traditional oracle systems while maintaining the essential functionality of bringing real-world data onto the blockchain in a verifiable, secure, and efficient manner.
Cardano is currently trading around $0.6626 and showing signs of consolidation above a key support zone, aligned with the 0.786 Fibonacci retracement level – a historical reversal area.
After rebounding from the horizontal demand zone of the descending triangle pattern, the price is now facing rejection at the pattern’s resistance trendline.
The Ichimoku Cloud is also acting as a resistance barrier above the price action.
A breakout above both the trendline and the cloud would signal a potential bullish trend.
#DXY dropped made a lower low with an wick but on Friday it gained strength and again tapped into the Major level. Next week we might see a drop towards the next major support zone around 97.46% - 97.81%.