The prospect of major corporate investments in Bitcoin remains uncertain, as MicroStrategy leads the charge amid cautious sentiment from other tech giants. Despite a growing interest in cryptocurrency, recent corporate
Cardano price has dropped by 20% over the past week, reflecting bearish trends amid Bitcoin trading below $94,000. Analysts suggest ADA’s current price patterns mirror those seen in 2020, sparking speculation of a potential $6 price target. This market correction highlights broader cryptocurrency volatility, leaving investors cautious about future movements as Cardano adjusts to ongoing shifts in sentiment and market conditions. Cardano Price Rally Echoes 2020 Cycle, Is $6 Next? Cardano price appears to mirror its previous market cycles, sparking speculation about a potential price rally to $6. Analysts have observed similarities between the current correction phase and the 2020 market cycle, where ADA dropped 33.85% before surging 4,095.73%. In the current cycle, $ADA has already retraced 42.65%, echoing the past pattern and signaling the possibility of another upward move. Historical data highlights critical levels that could guide $ADA’s trajectory. The price currently hovers near $0.91 after breaking out from a consolidation zone of $0.30-$0.45. If the bullish momentum continues, ADA could reclaim its previous high of $3.10 before testing the projected $6 target. However, market conditions and investor sentiment remain crucial factors influencing whether these levels will hold or break. Source- Tweet Over the past week, the Cardano price has seen a decrease of 20%, reflecting broader trends in the cryptocurrency market. As of December 23, the ADA price is trading at $0.8893, slightly down by 0.24% in the last 24 hours. The token’s 24-hour low was recorded at $0.8631, with a high of $0.9127. The cryptocurrency market continues to face pressure, with Bitcoin falling from $108K to $93K over three days. Ethereum, XRP, and Solana also record losses, reflecting a bearish trend. Will ADA Price Rebound To $1 This Week? If the bearish sentiment persists, the ADA price could face a significant decline. A break below the $0.85 support level might push Cardano toward $0.70, intensifying concerns among traders about further downside in the bearish market. However, if the market gains momentum, the Cardano price prediction could shift positively. A sustained recovery above the $1 mark might reignite bullish sentiment, setting the stage for a potential push toward $1.5. This level remains a critical psychological resistance that could signal a broader recovery for the cryptocurrency. The Relative Strength Index (RSI) stands near 46, indicating neutral market conditions. Source: Tweet Cardano’s price trajectory remains uncertain as it mirrors historical patterns. Market momentum and sentiment will play pivotal roles in determining whether ADA can achieve its ambitious $6 target. The post Cardano Price Patterns Mirror 2020, Is $6 Target in Sight? appeared first on CoinGape .
Robinhood’s steadfast approach to cryptocurrency trading continues amid growing market interest, as CEO Vladimir Tenev confirms no plans to invest in Bitcoin directly. Despite Robinhood’s impressive growth in stock value,
The selling pressure in the crypto market is mounting as Bitcoin prices showcase a sharp drive below $95,000.…
On a Monday when the decline in the cryptocurrency market continued, cryptocurrency analysis company Santiment published an analysis. According to analysts, panic has set in within the individual crypto community as the week has started with the decline continuing. There has been a huge wave of FUD in Bitcoin and Ethereum, especially due to new traders joining the market in the last 2-3 months. On the other hand, according to the analytics company, these new traders are panicking in the face of foreign market conditions because they have not seen medium-sized market corrections before. Santiment said that historically, individual investors have sold in such situations in panic and emotionally, and thus whale and smaller-scale shark investors have accumulated coins at lower resistance levels and created price jumps. Related News: CF Benchmarks Announces 2025 Outlook for Bitcoin and Ethereum: “The Year of Records” Analysts said they could not know when these jumps were about to happen or when they would happen in the future, but the necessary conditions for this event were beginning to emerge. *This is not investment advice. Continue Reading: Bitcoin is Declining: But Is There a Need for FUD? Analytics Company Reveals the Real Truth
Kalshi bettors see high odds of a Magnificent 7 company buying Bitcoin in 2025
Bitcoin's price remains lower as 2024 approaches. Analysts discuss the potential for a new bull market. Continue Reading: Market Analysts Predict Bitcoin Trends and New Investor Behavior The post Market Analysts Predict Bitcoin Trends and New Investor Behavior appeared first on COINTURK NEWS .
Bitcoin’s price fell below $94,000 on December 23 as the Wall Street open brought little relief for bulls seeking recovery from recent declines. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing 1.2% on the day, extending its downtrend. Over the weekend, Bitcoin briefly spiked to $99,500 before being pushed down by sellers, bringing its drawdown from last week’s all-time highs to 15%. Short-term price performance has raised concerns among analysts. The popular X analytics account Bitcoindata21 highlighted bearish signals, noting, “Underside retests and rejections of VWAPs are NOT what you want to see for bullish price action.” Their analysis pointed to a likely retest of $92,000, with a more significant buying opportunity at $85,000–$86,000, described as the “back up the truck” zone for bulls. Similarly, the trader CrypNuevo predicted further price drops before a market rebound, targeting levels near $90,000. “Now, I still think that we could revisit the lows,” CrypNuevo shared in a thread on X, discussing low-timeframe market patterns. “It’s hard to imagine that we’re going to get a V shape recovery from here. I’m leaning more towards either a W formation or a 100% of the wick fill. Ideally, the 100% wick-fill, since $90k is a strong psychological level.” Bitcoin’s recent volatility has left market participants questioning the strength of the asset’s support levels, as bearish momentum continues to dominate short-term trends.
The post XRP at Make-or-Break Level, Can It Hold $2.15? appeared first on Coinpedia Fintech News XRP, the native token of Ripple Labs, is making waves amid ongoing market uncertainty. Over the past few days, the overall cryptocurrency market has faced downside momentum. XRP Current Outlook Despite this, XRP has held its crucial support level at the $2.15 mark for the last five trading days. Meanwhile, major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), have experienced a notable price decline during the same period. The potential reason behind XRP’s ability to maintain its support level is the continuous support and confidence from investors and traders, as reported by on-chain analytics firm Coinglass . $407 Million Worth XRP Outflow Data from XRP spot inflow/outflow revealed that exchanges across the cryptocurrency landscape had witnessed an outflow of a significant $407 million worth of XRP in the past six days. During this period, exchanges didn’t face any inflow or token deposits from wallet addresses, which hints at a bullish sign. Source: Coinglass In the cryptocurrency landscape, “outflow” refers to the movement of assets from exchanges to wallets, which also represents accumulation. However, this significant outflow indicates potential upside momentum and an ideal buying opportunity. There is a high possibility it could create buying pressure if this trend continues. Technical Analysis and Upcoming Levels According to expert technical analysis, XRP is at a crucial support level of $2.15 and appears to be losing its grip on that support. Source: Trading View Based on recent price action and historical momentum, if the altcoin closes a daily candle below the $2.15 level, there is a strong possibility it could decline by 15% to reach the next support level at the $1.95 mark. Conversely, if XRP holds this level, there is a strong possibility it could soar by 25% to reach the $2.75 mark in the future. Current Price Momentum At present, XRP is trading near $2.20 and has experienced a price decline of over 1.05% in the past 24 hours. During the same period, its trading volume dropped by 5%, indicating lower participation from traders and investors amid market uncertainty.