Ethereum's network is rebounding, with its price outdoing th | The Crypto Basic on Binance Square

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Ethereum's network is rebounding, with its price outdoing that of Bitcoin over the past month.#Ethereum. #ETHUSDT #bitcoin 

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#Chainlink (LINK) price shows strong bullish support at $14. Will this demand zone propel LINK’s price beyond $20? With the crypto market witnessing a minor recovery overnight, Chainlink has returned to the $15 psychological mark. On March 4, Chainlink bounced off a 24-hour low of $13.07, closing the day with a near 3% rise at $14.862. The lower price rejection-driven recovery in Chainlink resulted in an intraday rise of 2.36%. Currently, Chainlink is trading at $15.21 but remains under the shadow of a significant 17% pullback from Monday. Chainlink at $14 Hints at a Recovery Run On the daily chart, Chainlink’s price action shows a massive bearish engulfing candle formed on March 3. With a pullback of 17.08%, bears undermined the weekend recovery of 18%, resulting in the lowest closing price since March 1. Currently, the LINK price action near the $14 mark shows multiple low-price rejections with long tail candles. This indicates strong bullish dominance at lower levels in the Chainlink price trend. Additionally, this has led to a short-term recovery in Chainlink. However, the prevailing downtrend has caused a bearish crossover between the 50- and 100-day EMA lines. This also increases the possibility of a death cross event between the 50- and 200-day EMA lines. The daily RSI has bounced off the oversold region and is now near the halfway mark, suggesting a potential surge in buying pressure. #CryptoNews🚀🔥V

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Cardano (ADA) whale transactions have significantly increased, according to new data from blockchain analytics company Santiment on X. This coincides with the asset’s temporary breakout to $1.13. Whale transactions with a value of $100,000 or more hit their highest level in more than three months, according to Santiment’s on-chain analytics. Moreover, the average age of #ADA tokens in wallets has decreased as a result of the increase in large transactions. This suggests that more tokens are returning to active circulation. Whale Activity and Price Movements The rise in whale transactions points to increased network activity and a resurgence of big holders’ interest. According to Santiment, this trend coincides with a decline in the average age of ADA tokens, indicating that long-suppressed holdings are being transferred. Such actions have historically been connected to changes in market mood, which frequently precede times of increased volatility. The recent announcement about establishing a U.S. Strategic Crypto Reserve, which includes Cardano, was a major catalyst that fueled optimism around ADA. Traders repositioned their holdings in response to this revelation, fueling speculation about ADA’s involvement in wider institutional adoption. Cardano’s price surged to $1.19 after its inclusion in the upcoming U.S. Crypto Reserve. The news also saw a massive whale accumulation, with nearly 200 million ADA tokens purchased within 24 hours. Saylor’s Surprising Endorsement of Cardano’s Inclusion Adding to the growing excitement, MicroStrategy chairman Michael Saylor has taken a surprising stance on Cardano’s inclusion in the U.S. Strategic Crypto Reserve. In a recent CNBC interview, Saylor, a well-known Bitcoin maximalist, acknowledged that the addition of ADA—alongside XRP, Ethereum, and Solana—was a bullish move for the entire crypto industry. #CryptoNews🚀🔥V

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