Are you watching the Bitcoin market closely? A crucial indicator is flashing green, suggesting a significant shift is underway. For weeks, a key metric tracking Bitcoin demand had been stuck in negative territory, painting a picture of waning interest or capital exiting the market. Now, there’s a notable change. Decoding the Bitcoin Demand Indicator Crypto analyst IT Tech recently highlighted a significant development on CryptoQuant: Bitcoin’s (BTC) 30-day apparent demand indicator has turned positive. This indicator isn’t just a simple tally; it’s a sophisticated measure that looks at the net changes in Bitcoin supply that has been dormant for over a year, adjusted for daily block rewards. Essentially, it tries to gauge how much ‘old’ Bitcoin is moving versus new accumulation, providing insight into genuine buying pressure rather than just speculative trading volume. After plumbing extreme lows around -200,000 BTC, this indicator has seen a sharp rebound. This turnaround is particularly noteworthy because it coincided almost perfectly with BTC’s recent price surge, which saw it break convincingly above the $87,000 level. What’s Driving the Renewed Capital Inflow? The positive flip in the demand indicator isn’t happening in a vacuum. Several factors appear to be contributing to this renewed capital inflow into the Bitcoin market: Spot BTC ETF Inflows: A major catalyst remains the continued, and recently increasing, net inflows into spot spot BTC ETFs in the United States. These investment vehicles provide traditional investors with easy access to Bitcoin exposure, acting as a significant channel for new capital to enter the ecosystem. Long-Term Holder Accumulation: Alongside institutional interest via ETFs, data suggests that long-term holders (wallets that haven’t moved BTC for over a year) are also back in accumulation mode. These holders are typically less sensitive to short-term price swings and represent conviction in Bitcoin’s future value, absorbing supply from potential sellers. Macroeconomic Factors: While not explicitly stated in the original analysis, broader macroeconomic conditions and increasing confidence in risk assets could also play a role in driving capital towards Bitcoin. This combination of institutional and potentially retail/long-term holder buying pressure creates a powerful dynamic for demand. Implications for BTC Price Action So, what does a positive demand indicator mean for the future trajectory of the BTC price ? Historically, reversals like this in the apparent demand indicator have often been precursors to significant price rallies or the formation of robust support levels. A sustained period of positive demand suggests that buying pressure is outweighing selling pressure, reducing the available supply on exchanges and creating upward price momentum. The analysis suggests that if this positive trend in demand continues over the coming days and weeks, the current bull run could gain significant further strength. This renewed momentum could potentially propel BTC towards the psychological and technical resistance level of $90,000 and possibly beyond. Why are Long-Term Holders and ETFs So Important? Understanding the behavior of long-term holders and the impact of spot BTC ETFs is crucial for interpreting the Bitcoin market. Long-term holders are often considered the ‘strong hands’ of the market. When they accumulate, it signals confidence and removes supply from circulation, which is bullish. Spot ETFs, on the other hand, represent a new, consistent source of demand, translating traditional investment flows directly into Bitcoin purchases. The synergy between these two forces creates a compelling narrative for sustained demand. Conclusion: A Bullish Signal on the Horizon? The apparent demand indicator turning positive is a significant technical signal that aligns with fundamental drivers like strong spot ETF inflows and renewed long-term holder accumulation. While no single indicator guarantees future price movements, this shift suggests that the market is currently experiencing healthy capital inflow and increasing buying pressure. If this trend persists, it provides a strong foundation for the ongoing bull run to continue, potentially paving the way for Bitcoin to challenge higher price levels in the near term. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin price action .
The price of Monero, a privacy-focused cryptocurrency, has risen by over 50% overnight on several exchanges, leaving crypto enthusiasts in search of an answer to this sudden increase. Onchain sleuth ZachXBT alleged that this move had been caused by the swap of a high amount of bitcoin to XMR, propping up the price gains. In
The post Top Token Unlock Upcoming This Week- Is a Major Volatility on the Horizon? appeared first on Coinpedia Fintech News The crypto markets are getting stronger and stronger as Bitcoin sustains strongly above the gains. With the rise in optimism among investors, the altcoins have also gained immense strength; some among them have surged over 45%. However, the volume over the markets has drained, suggesting the market participants are hunting for new altcoins as some of them experience a rise of over 250% in trading volume since the start of the day. Now that more tokens are expected to flood the market in less than a week, this could increase the volatility of the token. The question arises whether the rise in volatility will positively impact the prices or, with the increase in the supply, a drop in demand will drag them lower. A token unlock is generally the release of previously locked tokens into circulation, making them available for trading and other purposes. They are kept locked for a certain period for various reasons, and preventing the selling pressure is one of the important ones. As per the data from cryptorank, 3 main tokens are about to face an unlock in the next seven to ten days. The above chart shows Sui, Ethena and Optimism, along with 4 other are about to face a token unlock soon. The prices of SUI, OP and ENA have been displaying enough strength, and hence, a rise in the circulation may impact them negatively. What’s Next for Prices of SUI, OP & ENA? Sui’s price broke out of a pattern and triggered a huge rise of over 55% and continues to remain elevated, hinting towards a bullish continuation. The price has just surpassed a crucial resistance at $3.57, and a day close above the range could validate a fresh upswing towards the ATH, probably above $6. In the meantime, 88.34 million SUI tokens, 0.88% of the supply, worth over $300 million, are expected to be unlocked on 02 May, which could hinder the progress of the rally for a while. The bears tried hard to restrict the Optimism price rally below $0.855 after recovering from $0.58; however, the latest rebound in the price has revived bullish possibilities. The price is believed to keep rising until it reaches $1, and if 32.21 million tokens are unlocked on 01 May, the momentum of the rally could shake up for a while. However, if the price sustains above the support at $0.75, a rebound back to $1 could be imminent. On the other hand, Ethena’s price has also experienced a similar price action after rebounding from the local lows close to $0.26. On 03 May, 94.19 million worth over $32 million will be unlocked, raising the possibility of some selling pressure. However, if the ENA price manages to sustain above $0.5, the token is expected to maintain a sustained ascending trend ahead.
The post Cardano Price Prediction: Hoskinson Predicts $3, $5 and $10 ADA Soon appeared first on Coinpedia Fintech News Charles Hoskinson, the founder of Cardano, has made bold predictions for ADA. According to him,if the Input Output Cardano Roadmap is completed successfully, the value of ADA could soar to new highs, possibly $3, $5, or even $10 per ADA. However, he added that the Cardano community’s willingness to support and contribute to the roadmap’s demands will play a key role in achieving this vision. BREAKING NEWS: $ADA TO HIT $10 @IOHK_Charles says that if they successfully deliver on the Input Output Cardano Roadmap, the value created could reach tens of billions of dollars. "We could be looking at $3 $ADA , $5 $ADA , even $10 $ADA ." Will the Cardano community… pic.twitter.com/DwnRfnqfxE — Mintern (@MinswapIntern) April 26, 2025 Earlier, Hoskinson made headlines and claimed that scaling of the original roadmap was completed and the IOG was currently working on advanced scaling solutions. He also explained that these projects are at risk and without guaranteed funding, it could lead to IOG’s departure. Scaling as of the original roadmap is done. Its a moving target given we are now in 2025 and being compared to Sui, Solana, and Aptos not Ethereum, Bitcoin, and Litecoin. We are currently doing all the Leios and Hydra work at risk whether we get paid or not. If we don't get… — Charles Hoskinson (@IOHK_Charles) April 23, 2025 Community members questioned how the contract could be considered complete if scaling wasn’t fully delivered. Additionally, concerns about Cardano’s governance and funding model were also raised. Hoskinson criticized the community’s push for decentralized decision-making and “competitive bids,” explaining that this approach disadvantages developers in high-cost Western countries. Cardano Holds Steady At $0.70 Levels Cardano is currently trading at $0.7241, up over 3% in the past day. Cardano has managed to hold steady at the $0.70 level. If ADA manages to stay above $0.70, it could target the next resistance at $0.764, potentially aiming for $1. However, if it drops below $0.70, the next support levels are $0.674 and $0.60. Hoskinson recently announced that the team is developing a Bitcoin bridge and integrating Bitcoin support into Cardano’s Lace wallet. This integration will allow Bitcoin-powered DeFi applications on Cardano, enhancing interoperability and expanding the ecosystem. Cardano ETF Soon? Grayscale has been increasing its ADA holdings, and the odds of an ADA ETF approval have increased from 20% to 55% on Polymarket. Grayscale had previously filed for a spot Cardano ETF with the New York Stock Exchange (NYSE). The U.S. Securities and Exchange Commission (SEC) has acknowledged the filing but has not yet approved it. A decision is expected by August 2025.
Cryptocurrency services platform Nexo announced that it is reentering the US market after facing previous regulatory challenges. According to an April 28 announcement, Nexo’s reentry event featured Donald Trump Jr., who said that he thinks “crypto is the future of finance,” adding: “We see the opportunity for the financial sector and want to ensure we bring that back to the US.” Trump Jr. also emphasized the need for a regulatory environment that supports the cryptocurrency industry. He said that “the key to everything crypto is going to be the regulatory framework.” Source: Nexo Related: Coinbase presses to axe rule banning SEC staff from holding crypto Nexo is back to fight where it lost Nexo left the US at the end of 2022, citing a lack of regulatory clarity as the reason behind the decision. At the beginning of 2023, the firm agreed to pay a $45 million settlement to the US Securities and Exchange Commission (SEC) over its failure to register the offer and sale of securities of its interest-earning product. A month after settling with US regulators, Nexo also decided to shut down its interest-earning product to US-based customers. The product allowed users to earn daily compounding yields on certain cryptocurrencies by loaning them to Nexo. In late 2022, the California Department of Financial Protection and Innovation also filed a desist and refrain order against the same interest-earning product managed by Nexo. The regulator claimed that the product was an unqualified security, meaning a security that the government has not approved for sale in the form of an investment contract. Related: US crypto rules like 'floor is lava' game without lights — Hester Peirce US SEC dances to a different tune now The US SEC, once viewed as the crypto industry’s primary regulatory obstacle, recently appointed Paul Atkins as chair . The change was positively commented on by crypto entrepreneurs , with Michael Saylor, the CEO of top corporate Bitcoin holder Strategy (formerly MicroStrategy), saying: “SEC Chairman Paul Atkins will be good for Bitcoin.” James Gernetzke, chief financial officer of Bitcoin and crypto wallet Exodus, said that “the promise of being able to engage with a regulator on a reasonable basis is going to be very helpful.” Nexo declined to comment further on its return to the US market. Magazine: Ripple says SEC lawsuit ‘over,’ Trump at DAS, and more: Hodler’s Digest, March 16 – 22
Have you been following the explosive growth in the world of digital assets beyond cryptocurrencies? One area that’s been gaining significant traction is the tokenization of real-world assets (RWAs), particularly Tokenized U.S. Treasurys . While this market is still relatively young, recent data highlights a striking concentration: just six funds currently hold a staggering 88% of the total assets in this burgeoning sector. This isn’t just a statistic; it reveals a lot about the current landscape and the major players shaping the future of finance. Understanding the Rise of Tokenized U.S. Treasurys Before diving into who holds the lion’s share, let’s quickly touch upon what Tokenized U.S. Treasurys are. Essentially, they are digital tokens issued on a blockchain that represent ownership or a claim on traditional U.S. Treasury bonds or bills. This process leverages blockchain technology to bring the benefits of traditional, stable assets into the digital asset ecosystem. Think of it as bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The appeal is clear: investors in the digital asset space can access the safety and yield typically associated with U.S. government debt, often considered one of the safest investments globally, without necessarily leaving the blockchain environment. This opens up new possibilities for portfolio diversification and yield generation within the digital asset landscape. Who Holds the Majority? The Dominant Players in Tokenized Assets According to data from RWA.xyz, as cited by Cointelegraph, the concentration in this market is undeniable. Six specific funds stand out, controlling the vast majority of Tokenized U.S. Treasurys . This level of concentration isn’t necessarily unusual for a nascent market, especially one involving large financial institutions, but it’s certainly noteworthy. Here are the key players leading the charge: BlackRock’s BUIDL: Leading the pack by a significant margin, BlackRock’s BUIDL fund holds approximately $2.5 billion in assets. BlackRock’s entry into this space signals a major endorsement from a traditional finance giant, attracting significant capital and attention. Franklin Templeton’s BENJI: Another major asset manager, Franklin Templeton, is a key player with its BENJI fund, holding around $707 million. Superstate’s USTB: Superstate also holds a substantial position with its USTB fund, accounting for roughly $661 million. Ondo’s USDY: Ondo Finance is a prominent name in the RWA space, and their USDY tokenized note holds about $586 million. Circle’s USYC: Known primarily for its USDC stablecoin, Circle also offers a tokenized Treasury product, USYC, with assets around $487 million. Ondo’s OUSG: Ondo appears again with its OUSG fund, holding approximately $424 million, further cementing its position in the tokenized RWA market. Combined, these six funds represent a significant portion of the total market capitalization for Tokenized U.S. Treasurys , illustrating that while the market is growing, it is currently dominated by a few key issuers. Why This Concentration in the RWA Market? The high concentration among a few funds can be attributed to several factors: Institutional First Movers: Large financial institutions like BlackRock and Franklin Templeton have the brand recognition, infrastructure, and capital to launch such products at scale, attracting significant initial investment. Regulatory Navigation: Tokenizing securities involves navigating complex regulatory landscapes. Larger, established players are often better equipped to handle these challenges. Liquidity Aggregation: Centralizing assets within larger funds can potentially offer better liquidity for investors compared to a highly fragmented market. Investor Trust: Investors, especially institutions exploring Digital Assets , may initially prefer to allocate capital to products offered by well-known and trusted financial brands. This concentration suggests that the initial phase of growth in Tokenized Assets representing traditional securities is being led by established financial entities, bridging their existing client base and expertise with blockchain technology. What are the Benefits of Tokenizing Treasurys? Despite the concentration, the underlying technology and asset class offer compelling advantages: Increased Accessibility: Tokenization can lower the minimum investment threshold for accessing Treasurys, potentially opening them up to a wider range of investors globally. Improved Liquidity: While still developing, the goal is to enable peer-to-peer transfers and potentially faster settlement times on-chain compared to traditional markets. Transparency: Transactions recorded on a public or permissioned blockchain can offer a level of transparency not always present in traditional finance. Programmability: Tokenized assets can potentially be integrated into DeFi protocols, enabling new financial applications like using them as collateral for loans. Faster Settlement: Blockchain settlements can occur in minutes, compared to the T+2 (trade date plus two days) settlement cycle common in traditional bond markets. These benefits are driving interest and adoption, even if the market is currently top-heavy. Are There Challenges to Widespread Adoption? Absolutely. The path to widespread adoption of Tokenized Assets , including Treasurys, isn’t without hurdles: Regulatory Uncertainty: The regulatory treatment of tokenized securities varies across jurisdictions and is still evolving, creating uncertainty for issuers and investors. Interoperability: Ensuring these tokens can seamlessly interact across different blockchains and traditional financial systems is crucial. Custody Solutions: Secure and reliable custody solutions for tokenized securities are still developing. Market Education: Educating traditional investors about the benefits and risks of digital assets and tokenization is necessary for broader adoption. Liquidity Development: While potential for improved liquidity exists, the market needs to mature significantly to rival the deep liquidity of traditional Treasury markets. Overcoming these challenges will be key to expanding the market beyond the current dominant players and attracting a more diverse range of participants. What’s Next for Tokenized Assets and RWA? The current concentration, led by initiatives like BlackRock’s BUIDL , could be seen as a stepping stone. As the market matures, we might see increased competition, more diverse offerings, and potentially a broader distribution of assets across more funds and individual investors. The trend of bringing RWA onto the blockchain is likely to continue, extending beyond Treasurys to other asset classes like real estate, private equity, and more. The infrastructure being built now by these early movers is paving the way for potentially significant shifts in how traditional assets are owned, traded, and managed in the future. Actionable Insights for Investors If you’re interested in the Tokenized U.S. Treasurys space, here are a few points to consider: Research the Issuers: Understand the fund manager, their track record, and the specific structure of the tokenized product (e.g., yield mechanism, underlying assets, blockchain used). Understand the Risks: Tokenization introduces new risks related to smart contracts, blockchain security, and regulatory changes, in addition to the market risks of the underlying asset. Evaluate Accessibility: Check which platforms or exchanges list these tokens and ensure they are accessible from your location. Consider Your Portfolio: Assess how tokenized Treasurys fit into your overall investment strategy and risk tolerance. This market is dynamic, and staying informed about developments, particularly concerning key players and regulatory shifts, is essential. Compelling Summary: A Concentrated Beginning for Tokenized Treasurys The data showing six funds holding 88% of Tokenized U.S. Treasurys highlights the early-stage nature and institutional dominance of this market. Led by giants like BlackRock with its BUIDL fund, this concentration is a natural phase as large players leverage their resources and trust to build initial infrastructure and attract capital. While challenges related to regulation, liquidity, and education remain, the underlying benefits of tokenization – increased accessibility, transparency, and potential for integration with Digital Assets – suggest a promising future. The RWA market is clearly gaining momentum, and while currently concentrated, it represents a significant step towards bridging traditional finance with the innovative world of blockchain. To learn more about the latest digital asset trends and the evolving RWA market, explore our articles on key developments shaping the future of tokenized assets and institutional adoption.
The founders of World Liberty Financial (WLFI)—Zach Witkoff, Zak Folkman, and Chase Hero—met with Changpeng Zhao (CZ), the founder of Binance, in Abu Dhabi to discuss strategies for promoting global cryptocurrency adoption, establishing new industry standards, and advancing the future of crypto. This meeting reflects WLFI's growing momentum, which includes new partnerships in Pakistan and a $25 million investment from DWF Labs. Additionally, discussions involved next-generation infrastructure and product development, highlighting collaboration with Yzi Labs. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Photo by Growtika on Unsplash Web3 has long passed the critical hurdle of showing the larger world what it can truly accomplish. There is a list of use cases, growing daily, that show where Web3 technology is uniquely capable of solving problems that were considered impossible just a few years ago. Whether it is transparency, secure communications, distributed systems, or a community-driven governance, Web3 can accomplish more and more as the sea of developers and creatives uncover new uses and bring them to market. All of this is very optimistic and exciting, but it only happens if the Web3 infrastructure is solid. And one of the more critical areas to make or break the Web3 infrastructure is RPC functionality. RPC (Remote Procedure Call) nodes are a specialized asset within the Web3 ecosystem, acting as a server that takes in client requests and successfully executes them on a blockchain. They handle that crucial connection between dApps and the underlying blockchain, and the RPC infrastructure quality is an indication of the entire system’s quality. Unless you are in the RPC industry it’s not something you focus on, except when the system breaks down, can’t scale, or creates unacceptable errors/delays. Think of it like your neighborhood water or electricity. If you aren’t thinking about it, things are probably working well. If things are broken, it’s probably all you can think about. Within the industry are many different node providers, but because it is infrastructure focused, the larger players have traditionally had an edge as they can gain efficiencies that small and mid-sized node providers can’t. Web3 continues to upend traditional models, however, and by developing incredibly scalable and efficient digital infrastructure, the dominant advantage doesn’t always have to be which competitor has the most capital or reach. dRPC has gained more and more attention among Web3 players with its PAYG RPC platform, which is now considered an industry benchmark and is being replicated by some of the major blockchain players. The reason this model is so potent is that it creates scalability advantages for node providers no matter their size or reach, and based on the current roadmap has plans to unveil even more capabilities that providers will be able to use to level the playing field. Let’s focus on a few of these features from the perspective of small to mid-sized node providers to see just how much leverage the “little guy” can gain through these Web3 infrastructure innovations. Visibility and “Time to Correct Action” For any business, Web3 or otherwise, there is one metric that should be focused on as much as profit, speed, or quality. Summed up, this metric is “time to correct action.” This means that a given business, whether a single person operation or a global leader, should be working to reduce the time it takes to identify a needed action, bring that issue to the attention of the person who needs to know, interprets what the issue is into the action needed to solve it, and communicates that action to the person who can accomplish it. This is both a simple and obvious thing to do, but it often gets lost in the thousands of details happening within a business. Successful businesses seek to have an almost god-like awareness of their operations, know if anything goes wrong (ideally, they can predict before something goes wrong), and understand which action, lever, button, knob, etc. to adjust to solve the problem. For both physical businesses and digital platforms, the ability to have this god-like knowledge is more efficiently presented in dashboard format. The term “dashboard” is incredibly broad because it can represent a whiteboard that is manually updated once a day, or it can represent the innermost workings of a complex system, leading users efficiently to that minimum “time to correct action” metric that is so crucial for success. On the Web3 side, dRPC’s success with clients big and small focuses on leveling the playing field by understanding what information is needed and how clients can interact with it. Effectively, it allows a small team with this god-like knowledge of their node service to understand exactly what is happening, what might happen, and what to do about it. Called NodeHaus, the comprehensive dashboard provides in-depth visibility, control, and scalability for multi-provider RPC infrastructure. What maximizes the “time to correct action”, however, is an intuitive UX, actionable insights, and the robust analytics that can lead a user from problem to solution in minimum time. dRPC clients have had very positive reactions to the dashboard and are clamoring for more. This type of leverage represents the new standard, where those who are successful make the most of it, and those who fail didn’t adopt it quickly enough. It won’t be long before competitors are working to imitate the dashboard the way they have attempted to replicate the larger PAYG RPC model. Leveraging the Power of AI Along with visibility, insight, and “time to correct action”, is the ability to move from reactive to preventative measures. Monitoring your processes and acting quickly is important, and with unexpected issues this is the ideal strategy. However, the natural progression from process monitoring is process control. In other words, those god-like powers of observing what is happening start to extend outward to the near future. By having a clear picture of what is likely to happen, you can effectively change the future and prevent issues before they begin. While likely not the only player doing this, dRPC is also working to empower the small and mid-size providers through this type of “crystal ball” prediction. Instead of mystic powers, however, the best practice is employing AI predictive capabilities, combined with intelligent responses. This is upcoming for dRPC and will very probably see imitations as well from other players in the market. However, the ability to pull the right data and understand it makes a huge difference, and the architecture needed for a strong dashboard is undoubtedly going to be used here as well. The AI platform will act as an intuitive load balancer, preventing many of the issues before they have a chance to cause issues. dRPC has announced that the balancer will be open-source, and will allow users to scale their RPC infrastructure autonomously, on their infrastructure, for free. The ability to eliminate a single point of failure that would occur on a third-party is huge, especially for those small and mid-size providers. Optimizing your RPC infra just got easier. ✅We’ve rolled out updated pricing + a new calculator to estimate your potential savings with dRPC.Run the numbers ➡️ https://t.co/6ZZ8iZQQ4i pic.twitter.com/aqRekMYrVw — dRPC // All data from any blockchain in one place (@dRPCorg) March 28, 2025 Looking Ahead While technology continues to barrel forward, Web3 seems to have a unique ability to move fast and innovate with incredible results. Using very efficient development and service infrastructure, Web3’s leading platforms like dRPC have not just created new products, they have effectively supercharged players big and small across the industry. It’s these types of innovations that will continue to accelerate Web3’s progress faster than any other industry before it. At this rate, it should be very exciting to see what Web3 is capable of even a year or two from now. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
XRP is showing interesting movement, drawing attention with its wedge pattern and increasing trading volume. At the same time, Cardano (ADA) seems poised for a significant price jump towards $1. This article dives into whether these coins are primed for growth, sparking curiosity about potential opportunities for keen investors. XRP Price Trends: Weekly Gains Amid Six-Month Surge The past month XRP shows a drop of 5.27% following a robust six-month surge of 331.66%, indicating a volatile yet resilient performance. Weekly gains of 8.08% contribute to a mixed chart, with the coin experiencing minor retracements amid broader upward momentum. Price fluctuations have been significant, marking notable changes over differing timeframes. The current price sits between $1.66 and $2.77, with resistance levels at $3.45 and $4.56 and support near $1.23 and $0.11. The RSI at 56.16 indicates mild bullish strength, while low oscillators suggest neither bears nor bulls firmly dominate. Trading within these key levels could favor short-term buys on breakouts and positions near support levels. Cardano ADA Positioned for Bullish Momentum with Key Support Levels Strong performance over the past half-year with a 114.41% gain contrasts with a steady month where there was no change. The numbers portray Cardano as having been gaining momentum over a longer period while holding relatively stable in the shorter term. Recent data indicates solid 6-month strength alongside modest short-term consolidation. Current trading shows price oscillating between $0.47 and $1.02, with immediate support at $0.27 and resistance at $1.37. There is no clear trend dominance yet, with slight bullish signals from momentum indicators. Traders might consider buying near support and monitoring resistance levels for further direction. Conclusion XRP shows signs of breaking higher due to a wedge pattern and increasing volume. ADA also appears poised for a significant increase, targeting the $1 mark. Both cryptocurrencies present opportunities for growth. Factors like established patterns and rising interest suggest that these assets may perform well in the near future. An informed decision could involve considering a long position on XRP and ADA as the market trends appear favorable. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
BONK shows potential for further price increases based on technical indicators. PENGU needs to establish support to avoid further losses. Continue Reading: Cryptocurrency Enthusiasts Monitor BONK and PENGU for Strategic Insights The post Cryptocurrency Enthusiasts Monitor BONK and PENGU for Strategic Insights appeared first on COINTURK NEWS .