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Cardano has remained undervalued for quite a long time, due to which the traders have made a huge shift away from the token. However, the recent rise suggests the price follows its trend and triggers a massive rise when the other popular tokens remain consolidated within a range. This suggests the ADA price is within the bullish range and here is why it is preparing for a massive upswing for the rest of the month.
As the ADA price remained sluggish for a prolonged time, the whales shifted their focus away from the token. However, the volume of ADA transactions has increased by over 300% in the past couple of weeks. Moreover, the whales and institutional players seem to have positioned themselves for the next big thing for the Cardano price rally. The volume has surpassed $22 billion a day in recent times.
Besides, the active address count over the token has increased heavily. The active address count is the number of addresses that contacted the platform regardless of whether they intend to buy, sell, or swap the token. A rise in levels suggests a rise in volatility, as the rise in the active addresses suggests healthy growth of the platform, promoting a bullish narrative for the ADA price ahead.
With the rise in bullish sentiments among the retail traders and the whales, the Cardano price appears to be poised to maintain a steep upswing. Currently, the price is trying hard to close the weekly trade above the interim resistance at $1.2, which may elevate the levels above $1.38 securing a run to $1.5. A continued ascending trend over this range could elevate the levels above $2, which may further enroute the levels, forming a new ATH above $3.5.
#ADA #BTC #ETH #DOGE #XRP
As the ADA price remained sluggish for a prolonged time, the whales shifted their focus away from the token. However, the volume of ADA transactions has increased by over 300% in the past couple of weeks. Moreover, the whales and institutional players seem to have positioned themselves for the next big thing for the Cardano price rally. The volume has surpassed $22 billion a day in recent times.
Besides, the active address count over the token has increased heavily. The active address count is the number of addresses that contacted the platform regardless of whether they intend to buy, sell, or swap the token. A rise in levels suggests a rise in volatility, as the rise in the active addresses suggests healthy growth of the platform, promoting a bullish narrative for the ADA price ahead.
With the rise in bullish sentiments among the retail traders and the whales, the Cardano price appears to be poised to maintain a steep upswing. Currently, the price is trying hard to close the weekly trade above the interim resistance at $1.2, which may elevate the levels above $1.38 securing a run to $1.5. A continued ascending trend over this range could elevate the levels above $2, which may further enroute the levels, forming a new ATH above $3.5.
#ADA #BTC #ETH #DOGE #XRP
🔥 #cardano (ADA) Nears $1 Milestone! 🔥
📈 Cardano ( $ADA ) is on an unstoppable run, surging 117% and breaking past the $0.80 mark. As #Bitcoin approaches the $100K milestone, #ADA is riding the bullish wave, targeting $1 this November.
📍 Key Points :
👉🏻 ADA has surged 165% in just 17 days, with a streak of #bullish momentum lighting up the charts.
👉🏻 Technical indicators, including a golden crossover and bullish MACD, suggest strong buy signals.
👉🏻 Traders predict a breakout to $1.15, with potential room for even greater growth ahead.
💡 What’s Next?
If ADA breaks through the critical #Fibonacci levels, a rally to $1.25 or higher could be on the horizon. With its all-time high at $3.16, Cardano still has massive growth potential, offering a discount of nearly 72% from its peak.
📈 Cardano ( $ADA ) is on an unstoppable run, surging 117% and breaking past the $0.80 mark. As #Bitcoin approaches the $100K milestone, #ADA is riding the bullish wave, targeting $1 this November.
📍 Key Points :
👉🏻 ADA has surged 165% in just 17 days, with a streak of #bullish momentum lighting up the charts.
👉🏻 Technical indicators, including a golden crossover and bullish MACD, suggest strong buy signals.
👉🏻 Traders predict a breakout to $1.15, with potential room for even greater growth ahead.
💡 What’s Next?
If ADA breaks through the critical #Fibonacci levels, a rally to $1.25 or higher could be on the horizon. With its all-time high at $3.16, Cardano still has massive growth potential, offering a discount of nearly 72% from its peak.
ADA Soars Past $1: 3M Cardano Holders Now in Profit! 🚀
After a two-year wait, #Cardano (ADA) has finally surged above the $1 mark, marking a significant milestone for the blockchain project. This price breakthrough has put millions of #ADA holders into the green, reflecting a robust community backing. With Cardano's ecosystem expanding and #DeFi projects gaining traction, the future looks bright. The #market cap is skyrocketing, and the community's faith in $ADA potential has never been stronger.
Are you ready to join the Cardano revolution? 🏆
After a two-year wait, #Cardano (ADA) has finally surged above the $1 mark, marking a significant milestone for the blockchain project. This price breakthrough has put millions of #ADA holders into the green, reflecting a robust community backing. With Cardano's ecosystem expanding and #DeFi projects gaining traction, the future looks bright. The #market cap is skyrocketing, and the community's faith in $ADA potential has never been stronger.
Are you ready to join the Cardano revolution? 🏆
🚨 ADA Liquidation Alert! 🚨
💥 $54,600 Short Position Liquidated at $1.176!
Bulls have taken charge, breaking key resistance and triggering a massive short squeeze, sending ADA soaring!
📈 Key Highlights:
🔸 Short Squeeze Frenzy: Liquidations fuel rapid buying, pushing prices higher.
🔸 Bullish Breakout: $ADA surges past $1.18 with momentum aiming for $1.22
🔸 Heavy Volume: Traders pile in, intensifying the rally.
🔥 Can ADA smash through $1.22 and hit new highs? Stay sharp—this move could be monumental!
#ADA #BinanceSquareFamily
💥 $54,600 Short Position Liquidated at $1.176!
Bulls have taken charge, breaking key resistance and triggering a massive short squeeze, sending ADA soaring!
📈 Key Highlights:
🔸 Short Squeeze Frenzy: Liquidations fuel rapid buying, pushing prices higher.
🔸 Bullish Breakout: $ADA surges past $1.18 with momentum aiming for $1.22
🔸 Heavy Volume: Traders pile in, intensifying the rally.
🔥 Can ADA smash through $1.22 and hit new highs? Stay sharp—this move could be monumental!
#ADA #BinanceSquareFamily
Bitcoin gearing up for a massive rally, Altcoin Daily’s latest analysis paints an exciting market picture. Institutional players like BlackRock and Fidelity are fueling the hype by predicting Bitcoin to hit $110,000-$125,000 in the short term and potentially skyrocketing to $745,000 long-term.
But it’s not just Bitcoin set to soar—Altcoin Daily spotlights top altcoins poised for serious gains during this “Santa Pump.”
Wall Street insiders reportedly plan to pump Bitcoin and select altcoins during the holiday season. This strategic move might catch retail investors off guard as whales take advantage of reduced market attention.
#BTC #ETH #DOGE #PEPE #ADA
But it’s not just Bitcoin set to soar—Altcoin Daily spotlights top altcoins poised for serious gains during this “Santa Pump.”
Wall Street insiders reportedly plan to pump Bitcoin and select altcoins during the holiday season. This strategic move might catch retail investors off guard as whales take advantage of reduced market attention.
#BTC #ETH #DOGE #PEPE #ADA
💸AltcoinSeason Is Just Getting Started! 🌟 🤑
$ETH ,$XRP ,$SOL ,#DOT & #ADA
As Bitcoin takes a breather, the real fireworks are shifting to altcoins—and it’s showtime! 🎇 This is the golden phase where hidden gems emerge, trading volumes surge, and bold moves lead to exponential growth. 🚀
🔍 Why Should You Care?
💥 Big Potential: History shows altcoins can skyrocket during these periods, creating life-changing returns.
📊 Strategic Diversification: Spreading your investments smartly across altcoins can open doors to massive opportunities.
🔥 Altcoins to Watch Now:
👑ETH – The king of DeFi is always in the spotlight.
⚡ SOL – Fast, scalable, and game-changing.
🌊 XRP – A leader in global payments innovation.
🔗 DOT – The hub for blockchain interoperability.
🚀 ADA – A powerhouse of decentralized possibilities.
💡 What’s Next?
With altcoins gaining momentum, it’s time to dive into research, watch for volume spikes, and ride the wave. 🌊
The clock is ticking, and the action is heating up! Don’t miss this chance to catch the altcoin rally before it goes full throttle. 🔥💎
#Altseason #CryptoInvestments #CryptoNews
As Bitcoin takes a breather, the real fireworks are shifting to altcoins—and it’s showtime! 🎇 This is the golden phase where hidden gems emerge, trading volumes surge, and bold moves lead to exponential growth. 🚀
🔍 Why Should You Care?
💥 Big Potential: History shows altcoins can skyrocket during these periods, creating life-changing returns.
📊 Strategic Diversification: Spreading your investments smartly across altcoins can open doors to massive opportunities.
🔥 Altcoins to Watch Now:
👑ETH – The king of DeFi is always in the spotlight.
⚡ SOL – Fast, scalable, and game-changing.
🌊 XRP – A leader in global payments innovation.
🔗 DOT – The hub for blockchain interoperability.
🚀 ADA – A powerhouse of decentralized possibilities.
💡 What’s Next?
With altcoins gaining momentum, it’s time to dive into research, watch for volume spikes, and ride the wave. 🌊
The clock is ticking, and the action is heating up! Don’t miss this chance to catch the altcoin rally before it goes full throttle. 🔥💎
#Altseason #CryptoInvestments #CryptoNews
How Much ADA Do You Need to Become a Crypto Millionaire?
$ADA at $1:
Experts predict Cardano ($ADA) could soon reach $1, driven by its growing ecosystem and strong development activity. To achieve millionaire status at this price:
Tokens Required: 1,000,000 ADA
Investment Needed: With ADA currently priced at $0.3292, you’d need $329,200 to acquire 1,000,000 tokens.
$ADA at $5:
If Cardano’s technological advancements push its price to $5:
Tokens Required: 200,000 ADA
Investment Needed: Approximately $65,840.
$ADA at $10, $50, and $100:
$10 Milestone: If ADA reaches $10 in a bullish market, you’d need 100,000 tokens, costing around $32,920 today.
$50 Milestone: For an optimistic $50 target, just 20,000 tokens would suffice to reach millionaire status.
$100 Milestone: If ADA soars to $100, owning 10,000 tokens (costing about $3,292 now) would make you a millionaire.
The volatile nature of cryptocurrency presents both risks and opportunities. Are you prepared for ADA’s potential growth? How many tokens are you holding for the future?
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⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#ADA
$ADA at $1:
Experts predict Cardano ($ADA) could soon reach $1, driven by its growing ecosystem and strong development activity. To achieve millionaire status at this price:
Tokens Required: 1,000,000 ADA
Investment Needed: With ADA currently priced at $0.3292, you’d need $329,200 to acquire 1,000,000 tokens.
$ADA at $5:
If Cardano’s technological advancements push its price to $5:
Tokens Required: 200,000 ADA
Investment Needed: Approximately $65,840.
$ADA at $10, $50, and $100:
$10 Milestone: If ADA reaches $10 in a bullish market, you’d need 100,000 tokens, costing around $32,920 today.
$50 Milestone: For an optimistic $50 target, just 20,000 tokens would suffice to reach millionaire status.
$100 Milestone: If ADA soars to $100, owning 10,000 tokens (costing about $3,292 now) would make you a millionaire.
The volatile nature of cryptocurrency presents both risks and opportunities. Are you prepared for ADA’s potential growth? How many tokens are you holding for the future?
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#ADA
🚀HOT liSt🔥 DON'T Miss😈
🚨 Why Everyone is Talking About #XRP , $DOGE , #ADA , #SOL & $PEPE ! 🌟🔥
These coins are making waves in the crypto world for all the right reasons:
1. XRP: The Comeback King 👑
After Ripple's legal victories against the SEC, XRP has regained investor confidence, breaking key resistance levels and signaling a strong bullish trend. It’s becoming a beacon of hope for altcoins
2. DOGE: The Meme That Never Dies 🐕💥
Dogecoin continues to thrive as the king of meme coins. Its strong community and real-world adoption for small transactions keep DOGE in the spotlight.
3. ADA: Cardano’s Resurgence 🚀
With new ecosystem updates and institutional interest, ADA is making a comeback, reclaiming its status as one of the most promising altcoins in the market.
4. SOL: Solana’s Big Moves 🌐
Solana’s partnerships, NFT dominance, and rapid recovery post-FTX collapse are pushing it toward new milestones, capturing the market's attention once again.
5. PEPE: Meme Magic Returns 🐸✨
PEPE is back in the spotlight thanks to listings on major platforms like Robinhood. Its loyal community and viral appeal are making it a must-watch meme coin.
🚀 Don’t Miss Out on These Market Movers!
With bullish trends, strategic developments, and community hype driving these coins, the stage is set for potential big gains. Are you ready to ride the wave? 🌊💎
#CPIUpdateOctober #bullish
🚨 Why Everyone is Talking About #XRP , $DOGE , #ADA , #SOL & $PEPE ! 🌟🔥
These coins are making waves in the crypto world for all the right reasons:
1. XRP: The Comeback King 👑
After Ripple's legal victories against the SEC, XRP has regained investor confidence, breaking key resistance levels and signaling a strong bullish trend. It’s becoming a beacon of hope for altcoins
2. DOGE: The Meme That Never Dies 🐕💥
Dogecoin continues to thrive as the king of meme coins. Its strong community and real-world adoption for small transactions keep DOGE in the spotlight.
3. ADA: Cardano’s Resurgence 🚀
With new ecosystem updates and institutional interest, ADA is making a comeback, reclaiming its status as one of the most promising altcoins in the market.
4. SOL: Solana’s Big Moves 🌐
Solana’s partnerships, NFT dominance, and rapid recovery post-FTX collapse are pushing it toward new milestones, capturing the market's attention once again.
5. PEPE: Meme Magic Returns 🐸✨
PEPE is back in the spotlight thanks to listings on major platforms like Robinhood. Its loyal community and viral appeal are making it a must-watch meme coin.
🚀 Don’t Miss Out on These Market Movers!
With bullish trends, strategic developments, and community hype driving these coins, the stage is set for potential big gains. Are you ready to ride the wave? 🌊💎
#CPIUpdateOctober #bullish
The Ethereum price has rebounded at its critical $3,500 support level in the last 24 hours. However, while price action suggests potential for upward movement, the futures market indicator reveals an alarming divergence in market sentiments. The open interest metric has reached a new all-time high. This spike suggests an unprecedented level of speculative activity in Ethereum’s derivatives market. Moreover, this surge in open interest is occurring without a surge in the price of the ETH token. This raises concerns about increased volatility and possible liquidation cascades. Notably, if the Ethereum price faces a sudden downturn or a major crash, the overleveraged positions could trigger a wave of forced liquidations, resulting in a major price plunge.
#BTC #ETH #ADA #XRP
#BTC #ETH #ADA #XRP
Understanding Token Unlocks: A Game-Changer for Crypto Markets 🚀💡
Token unlocks are creating waves in the crypto community as projects like Aptos (APT), Cardano (ADA), and ENA gear up to release a portion of their locked tokens. These events are critical for both traders and long-term investors. Let’s break down what token unlocks mean and how they can impact the market.
---
What Are Token Unlocks? 🔓
Token unlocks refer to the release of locked or vested tokens for a specific cryptocurrency project. These tokens, often held by team members, early investors, or as part of rewards programs, are released on pre-set schedules to maintain stability and avoid market manipulation.
---
How Do Token Unlocks Impact Prices? 📉📈
1. Increased Supply: When a large number of tokens enter circulation, it can dilute the market and lead to short-term price drops.
2. Sell Pressure: Early investors or insiders might sell their unlocked tokens, causing a dip in price.
3. Market Opportunity: For buyers, token unlocks can present a chance to enter at lower prices if the market reacts negatively.
---
Upcoming Unlocks to Watch 🕒
1. Aptos (APT): Known for its scalability, Aptos will release tokens aimed at supporting ecosystem development and staking rewards.
2. Cardano (ADA): Unlocks focus on network growth and incentivizing community participation.
3. ENA: A lesser-known but promising project, ENA's token unlock is creating buzz among speculative investors.
---
Should You Buy During Unlocks? 🤔
For Traders: Watch for volatility to capitalize on price swings.
For Long-Term Holders: Analyze the project’s fundamentals to determine if it’s a good time to accumulate more tokens.
For Risk-Averse Investors: Consider waiting until the market stabilizes post-unlock.
---
Key Takeaways
Token unlocks are a double-edged sword, offering opportunities and risks.
They can signal a maturing project if the funds are used effectively to expand ecosystems.
Stay informed about unlock schedules to plan your strategy.
---
💡 Pro Tip: Use Binance tools like Price Alerts and Advanced Charts to monitor market reactions during token unlock events.
What’s your strategy for token unlocks? Let us know in the comments!
#TokenUnlocks #CryptoMarket #APT #ADA #ENA #Cryptocurrency #BlockchainNews #MarketVolatility #BinanceTips #CryptoInvesting #Altcoins #CryptoStrategy #Tokenomics #DeFi #BinanceInsights #CryptoOpportunities
$BTC
$SOL
$BNB
---
What Are Token Unlocks? 🔓
Token unlocks refer to the release of locked or vested tokens for a specific cryptocurrency project. These tokens, often held by team members, early investors, or as part of rewards programs, are released on pre-set schedules to maintain stability and avoid market manipulation.
---
How Do Token Unlocks Impact Prices? 📉📈
1. Increased Supply: When a large number of tokens enter circulation, it can dilute the market and lead to short-term price drops.
2. Sell Pressure: Early investors or insiders might sell their unlocked tokens, causing a dip in price.
3. Market Opportunity: For buyers, token unlocks can present a chance to enter at lower prices if the market reacts negatively.
---
Upcoming Unlocks to Watch 🕒
1. Aptos (APT): Known for its scalability, Aptos will release tokens aimed at supporting ecosystem development and staking rewards.
2. Cardano (ADA): Unlocks focus on network growth and incentivizing community participation.
3. ENA: A lesser-known but promising project, ENA's token unlock is creating buzz among speculative investors.
---
Should You Buy During Unlocks? 🤔
For Traders: Watch for volatility to capitalize on price swings.
For Long-Term Holders: Analyze the project’s fundamentals to determine if it’s a good time to accumulate more tokens.
For Risk-Averse Investors: Consider waiting until the market stabilizes post-unlock.
---
Key Takeaways
Token unlocks are a double-edged sword, offering opportunities and risks.
They can signal a maturing project if the funds are used effectively to expand ecosystems.
Stay informed about unlock schedules to plan your strategy.
---
💡 Pro Tip: Use Binance tools like Price Alerts and Advanced Charts to monitor market reactions during token unlock events.
What’s your strategy for token unlocks? Let us know in the comments!
#TokenUnlocks #CryptoMarket #APT #ADA #ENA #Cryptocurrency #BlockchainNews #MarketVolatility #BinanceTips #CryptoInvesting #Altcoins #CryptoStrategy #Tokenomics #DeFi #BinanceInsights #CryptoOpportunities
$BTC
$SOL
$BNB
See original
Bitcoin's dominance finally broke the trend at 4H.
This means that after waiting for the closing of the daily candle below the level of 59.57%, the alt-season will officially start.
Alta shoots a little - and it's great.
What I see next - a very large shelf of liquidity from $99k to $101k - they cannot remove it.
The reaction will be 100% from there.
There must be a correction - the hour when liquidity leaves the bull and goes to the viola #XRP #XLM #STRK #ADA I consider the future correction to be the last wagon.
$XRP $XLM
$STRK
This means that after waiting for the closing of the daily candle below the level of 59.57%, the alt-season will officially start.
Alta shoots a little - and it's great.
What I see next - a very large shelf of liquidity from $99k to $101k - they cannot remove it.
The reaction will be 100% from there.
There must be a correction - the hour when liquidity leaves the bull and goes to the viola #XRP #XLM #STRK #ADA I consider the future correction to be the last wagon.
$XRP $XLM
$STRK
Increased Whale Transactions Show Cardano Confidence
Recent Cardano price rejections include $1.1. In the previous three months, Cardano broke over $1 for the first time since early 2022 and peaked at $1.3 on December 3, 2024.
After holding over $1 since then, Cardano has dropped 3.77% in the previous 24 hours along with the crypto market. According to on-chain statistics, the dip has provided crypto whales another chance to buy more.
Increased Whale Transactions Show Cardano Confidence
A rise in Cardano whale activity has sparked another spirit of accumulation among holders, according to noted crypto analyst Ali Martinez on X. Martinez stated that 687 $1 million transactions were registered in the preceding 24 hours, indicating growing interest from major investors.
Cardano whale activity dropped from 894 transactions on December 2, when it achieved its 2024 top of $1.3, to 240 transactions between December 8 and 12.
Whale activity is a key indication of network performance and pricing forecast. Whale activity might indicate whales selling, while market mood suggests accumulation. The rise in whale activity also shows sustained optimism about the cryptocurrency's valuation.
Cardano has fallen to retest $1 after the $1.11 rejection. Cardano (ADA) is now trading at $1.03, but it might fall more.
However, the rise of whale transactions might boost the cryptocurrency owing to its counterbalance to selling pressure.
A final break over $2 may be possible before the year ends. Reaching the $2 price objective, 94% over its current price, would need crypto market bullishness. Changelly crypto experts predict a year-end ADA price of $1.15, which is more conservative.
However, Cardano has more than quadrupled in value in six weeks and might resume its trend towards $2 if bulls can stay above $1.
#CardanoSurge #ADA #FullMarketBullRun #MarketNewHype $ADA
Recent Cardano price rejections include $1.1. In the previous three months, Cardano broke over $1 for the first time since early 2022 and peaked at $1.3 on December 3, 2024.
After holding over $1 since then, Cardano has dropped 3.77% in the previous 24 hours along with the crypto market. According to on-chain statistics, the dip has provided crypto whales another chance to buy more.
Increased Whale Transactions Show Cardano Confidence
A rise in Cardano whale activity has sparked another spirit of accumulation among holders, according to noted crypto analyst Ali Martinez on X. Martinez stated that 687 $1 million transactions were registered in the preceding 24 hours, indicating growing interest from major investors.
Cardano whale activity dropped from 894 transactions on December 2, when it achieved its 2024 top of $1.3, to 240 transactions between December 8 and 12.
Whale activity is a key indication of network performance and pricing forecast. Whale activity might indicate whales selling, while market mood suggests accumulation. The rise in whale activity also shows sustained optimism about the cryptocurrency's valuation.
Cardano has fallen to retest $1 after the $1.11 rejection. Cardano (ADA) is now trading at $1.03, but it might fall more.
However, the rise of whale transactions might boost the cryptocurrency owing to its counterbalance to selling pressure.
A final break over $2 may be possible before the year ends. Reaching the $2 price objective, 94% over its current price, would need crypto market bullishness. Changelly crypto experts predict a year-end ADA price of $1.15, which is more conservative.
However, Cardano has more than quadrupled in value in six weeks and might resume its trend towards $2 if bulls can stay above $1.
#CardanoSurge #ADA #FullMarketBullRun #MarketNewHype $ADA
Right now, Bitcoin is testing some important levels. If it can break past the $95,750 resistance, we could see it climb to $96,000 or even $97,350. And who knows? If it really gets going, we could see $98,880, or even push toward $100,000.
But if it can’t make it past the $95,750 mark, things might get tricky. The next support levels are at $93,000, $92,500, and $90,000. If Bitcoin can’t hold those, it could slide down to $88,000.
What Are the Big Investors Doing?
One thing that stands out is what the big investors, or “whales,” are up to. Despite loosing $526 million in liquidations that included over $300 million from long trades, the community holds its positive sentiment. Whales are ready for big movements, they are definetly seeing something other are unaware of,
On the flip side, the market sentiment has cooled off. The Fear & Greed Index is down to 79, compared to last week’s peak of 94 when Bitcoin was nearing $99,000. Plus, the RSI is at 41.70, suggesting Bitcoin’s cooled down a bit after being overheated. It could be the market taking a breather before the next move.
What’s Next for Bitcoin?
Bitcoin’s next steps are still up in the air. If it can break through that $95,750 resistance, we could see a nice bounce. But if it can’t, it might keep sliding down. Either way, there’s a lot happening, and traders are closely watching how things unfold. The price drop might also be a psychological effect towards the upcoming $9.4 billion of Bitcoin Options expiry on Friday.
The next few days are going to be interesting!
#BTC #ETH #DOGE #XRP #ADA
But if it can’t make it past the $95,750 mark, things might get tricky. The next support levels are at $93,000, $92,500, and $90,000. If Bitcoin can’t hold those, it could slide down to $88,000.
What Are the Big Investors Doing?
One thing that stands out is what the big investors, or “whales,” are up to. Despite loosing $526 million in liquidations that included over $300 million from long trades, the community holds its positive sentiment. Whales are ready for big movements, they are definetly seeing something other are unaware of,
On the flip side, the market sentiment has cooled off. The Fear & Greed Index is down to 79, compared to last week’s peak of 94 when Bitcoin was nearing $99,000. Plus, the RSI is at 41.70, suggesting Bitcoin’s cooled down a bit after being overheated. It could be the market taking a breather before the next move.
What’s Next for Bitcoin?
Bitcoin’s next steps are still up in the air. If it can break through that $95,750 resistance, we could see a nice bounce. But if it can’t, it might keep sliding down. Either way, there’s a lot happening, and traders are closely watching how things unfold. The price drop might also be a psychological effect towards the upcoming $9.4 billion of Bitcoin Options expiry on Friday.
The next few days are going to be interesting!
#BTC #ETH #DOGE #XRP #ADA
Fibonacci extension levels also play a crucial role here. The $100,000 mark is seen as a major psychological resistance. If Bitcoin manages to break through this, it could aim for the next target of $109,000, based on the 4.236 Fibonacci extension.
Some analysts believe that this could happen within the next few days as Bitcoin’s momentum continues to build.
Potential Correction If Failed $100K
While the short-term outlook remains positive, Financelot hints at a likely correction following the anticipated rally. The chart’s wedge-like formation near the current price suggests caution, as such patterns often indicate pullbacks.
If Bitcoin fails to hold above $100K, traders might witness a steep decline, potentially revisiting lower support levels around $87K.
Dormant Bitcoin Wallets Awakens
However, recent data from Santiment reveals a significant drop in Bitcoin’s Mean Dollar Invested Age (MDIA) has dropped sharply, falling from 637 days in October to 466 days—a 27% decrease.
This means older, inactive Bitcoin is being traded again, a sign of growing confidence in the market. If MDIA continues to fall, it could mean even stronger bullish momentum, as more Bitcoin enters the market.
#BTC #ETH #PEPE #ADA #XRP
Some analysts believe that this could happen within the next few days as Bitcoin’s momentum continues to build.
Potential Correction If Failed $100K
While the short-term outlook remains positive, Financelot hints at a likely correction following the anticipated rally. The chart’s wedge-like formation near the current price suggests caution, as such patterns often indicate pullbacks.
If Bitcoin fails to hold above $100K, traders might witness a steep decline, potentially revisiting lower support levels around $87K.
Dormant Bitcoin Wallets Awakens
However, recent data from Santiment reveals a significant drop in Bitcoin’s Mean Dollar Invested Age (MDIA) has dropped sharply, falling from 637 days in October to 466 days—a 27% decrease.
This means older, inactive Bitcoin is being traded again, a sign of growing confidence in the market. If MDIA continues to fall, it could mean even stronger bullish momentum, as more Bitcoin enters the market.
#BTC #ETH #PEPE #ADA #XRP