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$AKRO is facing resistance at 0.0086. If it manages to break this level, it could test 0.0120. However, the risk is significant, so caution is advised for investors. It's essential to closely monitor market conditions and evaluate potential risk before entering a position. Given the volatility, careful planning and analysis are crucial to avoid significant losses. Traders should manage their risk carefully and consider all factors before making any decisions.
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Prediction: ADA outperforms Solana as DeFi TVL approaches $700M After Gensler hinted at his SEC retirement on November 14, Cardano rose 109% to $1.20 on Wednesday, outperforming Solana and Ethereum. Cardano's TVL rose $373 million, indicating a 120% growth in blockchain-based DeFi project demand over the last 20 days. Technical indicators indicate additional upside as bulls hold $1.20 support. Cardano stayed over $1.20 on Wednesday. Recent on-chain inflows amid Gensler's resignation imply the rise might reach $1.50. First, ADA gained 230% in November 2024, its greatest month since August 2021. On November 23, ADA touched $1, bringing Cardano's market valuation above $40 billion for the first time in three years. Recent market sources indicate that Cardano's price surge has corresponded with Gary Gensler's projected departure as SEC Chair. When Gensler hinted about leaving, Cardano was $0.57 on November 14. ADA has risen 110% to $1.20 as of Wednesday, outpacing Solana and Ethereum. Cardano TVL nears $700M following 120% 20-day spike. Cardano's 110% price increases seem to be linked to short-term demand for undervalued assets owing to SEC action. That amount rose 120% to $685 million on Wednesday when Gensler's departure hint hit the newsreels. First, TVL's 120% 20-day increase tops ADA's 110% price gains. This unique market dynamic shows that organic network demand, not short-term speculative fury, has fueled the surge. Second, when SEC Chair Gary Gensler resigned, TVL has increased, indicating trust in Cardano's DeFi ecosystem. Cardano price forecast: $1.50 breakthrough if $1.20 maintains. With TVL growth surpassing pricing, Cardano price has significant upside potential and might rise to $1.50 soon. Bollinger bands widening indicates buying momentum. If $1.20 holds, ADA bulls might quickly go to the upper Bollinger Band at $1.30 and climb to $1.50 psychological barrier. Unfortunately, failing to maintain $1.20 might move emphasis back to $0.95 as the next significant support. #ADA #Cardano $ADA
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$LUMIA is showing a rising trend and could soon reach a new All-Time High (ATH). The key levels to watch are $2.70 and $3.30, which are critical resistance points. A strong breakout above these levels may signal significant bullish momentum. Investors are closely monitoring the market's performance and trading volume for confirmation. With growing interest and positive sentiment, #LUMIA could attract more buyers. However, it’s important to approach with caution, setting stop-losses to manage potential risks. Keep an eye on market dynamics as these levels will likely determine the next direction of the trend.
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SEC Lawyer in Ripple Case Promoted, but Good News The SEC named Jorge G. Tenreiro, the primary attorney in its Ripple litigation, Chief Litigation Counsel. This promotion comes while the SEC appeals its partial defeat from earlier this year. Since Tenreiro is not anti-crypto, XRP supporters remain hopeful. Will Tenreiro's Appointment Threaten Ripple? XRP users are divided over the decision. Pro-XRP attorney Fred Rispoli lamented but saw possibility. This is disheartening, but there are positives. Tenreiro has no morals and will do anything his master says. “He could be pro-crypto tomorrow for the right price,” Rispoli remarked. He said, “Second, he can always get shit-canned.” If Tenreiro doesn't embrace a crypto-friendly stance under Trump, the SEC shake-up might lead to his departure. Though frustrating, there are bright sides. Tenreiro has no morals and will do anything his master says. He might support crypto tomorrow for a higher title, promotion, or power. With these events, curiosity about the SEC's Ripple attitude grows. Some netizens think the agency may dismiss its appeal when President-elect Donald Trump takes office on January 20, 2025, and SEC Chair Gary Gensler resigns. According to reports, pro-crypto enthusiast Paul Atkins may succeed Gensler, boosting XRP's excitement. The Ripple case has dominated crypto regulatory talks and affected the sector. Many are looking to see how SEC leadership changes may affect enforcement. For now, Tenreiro's rise shows the SEC's commitment to anti-crypto litigation. Trump wants the CFTC to take over part of the crypto regulating job in 2025, which would change the scenario. #XRPTrends #XRPReclaimsTop3 $XRP
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As Ethereum Price Approaches a Daily Golden Cross, Here's What Happened Last Time Ethereum is set to confirm a daily golden cross, according to crypto specialists. Ethereum had a parabolic spike last time, therefore this is encouraging. Ethereum Price Confirms Golden Cross, Now What? Crypto expert Tony Severino predicted a golden cross for Ethereum this week in an X article. A golden cross happens when a 50-day MA crosses a 200-day MA. This usually means the coin will rise long-term. Charting Guy validated this Ethereum price development and explained what occurred the previous time Ethereum saw this golden cross. The crypto expert posted a graphic on X showing what transpired and the fractal. Interestingly, the Ethereum price last validated this golden cross on the daily period in November and December last year. Ethereum rose from $1,800 last year to $3,600 in March after the Golden Cross. Ethereum might rise again in the new year if history repeats itself. Charting Guy's chart revealed Ethereum might reach $8,000 between March and May next year. Despite Bitcoin consolidating, Ethereum has risen in recent days. Ethereum has recaptured its $3,600 local high from earlier this year. Blockchain Center data reveals altcoin season has begun. Ethereum and other cryptocurrencies take off as Bitcoin loses steam. More than 75% of the top 50 cryptos outperformed BTC in the last 90 days. Breakout, then Moon Titan of Crypto predicted an Ethereum price breakthrough in an X article. Once ETH exits the 3-year symmetrical triangle, it will rise, he said. Ethereum might cross its $4,800 ATH and reach $7,000, according to the analyst's graphic. Crypto expert Venture Founder predicted $7,000 for Ethereum. He pointed to Ethereum's massive cup-and-handle triangle since 2021. The expert said ETH might explode if it breaks $3,800. Ethereum is now trading at $3,670, up in the previous 24 hours, according to CoinMarketCap. #ETHOnTheRise #Share1BNBDaily #AIAndGameFiBoom $ETH
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