New data indicates that Bitcoin’s ( BTC ) long-term performance shows the S&P 500 has lost nearly all its value when measured in BTC terms. These insights emerge at a time when both asset classes are trading at new record highs. For instance, Bitcoin has reached an all-time peak of $118,000, while the S&P 500 is edging close to the 6,300 mark. By press time, the maiden cryptocurrency was trading at $117,624, having rallied over 6% in the last 24 days, while in the past week, BTC is up 8%. Bitcoin seven-day price chart. Source: Finbold Regarding their relative long-term performance, the S&P 500 priced in Bitcoin is now down 99.98% since 2012, one of the most dramatic asset revaluations in modern financial history, according to data shared by market commentary platform The Kobeissi Letter on July 11. Year-to-date, the S&P 500 measured in Bitcoin is down another 15%. Bitcoin v. S&P 500 performance. Source: Bitbo Overall, the data suggests that Bitcoin’s appreciation has been so extreme over the last decade that traditional equity benchmarks appear to have effectively gone to zero when denominated in BTC. Implications of Bitcoin’s performance against S&P 500 Critics might argue this comparison is more symbolic than practical, considering that few institutions price their portfolios in Bitcoin. However, for Bitcoin advocates, the data highlights the cryptocurrency’s feature as a scarce, decentralized asset capable of outperforming traditional financial systems over time. It is essential to note that these two assets belong to distinctly different asset classes. The S&P 500 is a diversified index of large U.S. companies, representing traditional equity ownership in the global economy. At the same time, Bitcoin is a decentralized, digital asset designed to serve as a store of value and an alternative to fiat currencies. Featured image via Shutterstock The post History: S&P 500 down 100% v. Bitcoin appeared first on Finbold .
On July 11, prominent crypto journalist Eleanor Terrett reported that Representatives Maxine Waters and Stephen F. Lynch introduced an “Anti-Crypto Corruption Week” campaign. This initiative aims to mobilize Democratic lawmakers
On July 5, 2025, the altcoin SOON experienced a sudden 41% drop. This drop hit the cryptocurrency market like a bombshell, and the team behind the project published a detailed analysis report. The report stated that the incident was a coordinated market manipulation and that official market makers and foundation wallets had nothing to do with the attack. As the SOON team continues to work on the decline, the team announced its recovery plan following the sharp price drop. Accordingly, the team announced a four-point recovery plan to restore market confidence following the decline, reduce supply pressure, and support the long-term growth of the SOON ecosystem. 1. Token Burn Plan – 3% of Total Supply Accordingly, the team first stated that they will permanently remove 30,000,000 SOON tokens from circulation, equivalent to 3% of the total supply. “This move is designed to directly reduce available supply and support price stability in the face of recent market volatility.” 2. SOON Buyback Product on Chain The team stated that they have created a new on-chain product that will allow the SOON Foundation to periodically repurchase tokens directly from holders. 3. Launch of SOON Governance The team stated that they are preparing to launch the SOON Management System as a third measure. “This system will enable token holders to participate in key decisions that shape the future of the SOON ecosystem, from treasury allocations to protocol upgrades and ecosystem grants.” 4. Community AMA Next Wednesday The team added that to increase transparency and engagement with the community, they will be hosting a Twitter AMA next Wednesday featuring our founder, Joanna, and our Marketing Manager, Henry. $SOON Recovery Plan In response to the recent price manipulation incident, the SOON Foundation is launching a new governance proposal, covering a series of immediate actions aimed at restoring market confidence, reducing supply pressure, and reaffirming our commitment to the… pic.twitter.com/aLfXntK0Lu — SOON Foundation (@SOON_FDN) July 11, 2025 *This is not investment advice. Continue Reading: The Altcoin Team Announces the Expected Rescue Plan After Its Price Crashed!
TL;DR The token experienced a major price increase after securing listings on top exchanges over the past week. While M’s explosive rally has sparked talk of long-term growth, its meme coin nature makes it highly volatile, offering big upside potential, but just as steep a downside. The Latest Sensation? The recently launched meme coin MemeCore (M) has been among the top-trending cryptocurrencies in the past few days due to its spectacular price increase. It is up a whopping 1,110% on a weekly scale, currently trading at around $0.68. M Price, Source: CoinGecko M, which debuted on July 3, quickly ascended to the top 100 crypto club and, as of this writing, is the 99th-largest digital asset. The rally seems to have been fueled by backing from some of the leading crypto exchanges. The M/USDT trading pair became available on Binance Alpha, Kraken, Bitget, BingX, HTX, and Hashkey on July 4. “To commemorate this milestone, each participating exchange will be launching exclusive trading campaigns and giveaways to reward users. Full campaign details can be found on the respective exchange platforms,” the announcement informed. Such support increases the asset’s liquidity and accessibility and injects it with a reputational boost – factors that have historically driven prices of other involved cryptocurrencies upward. Partnerships may have also played a positive role in M’s recent ascent. Earlier today, the team behind the project welcomed the market maker Klein Labs as a “strategic investor.” MemeCore presents itself as “the first Layer 1 blockchain specially built for Meme 2.0.” The team noted that most meme coins are born from speculation and die by it. “MemeCore is building a new foundation – an ecosystem where longevity, creativity, and shared prosperity define the next generation of meme coins,” the project claims. What makes MemeCore unique is its Proof of Meme (PoM) consensus mechanism. The team described it as “an evolution framework built around the full lifecycle of a meme coin.” The mechanism is used to reward community engagement and validators. More Gains Ahead? Several industry participants highlighted M’s price rally. One X user claimed the meme coin might be “laying the groundwork for something deeper.” ‘This isn’t just hype; it’s an ecosystem in motion. Tokens don’t just rise; they evolve. The question is: will you ride it or watch it leave,” they added. However, traders should keep in mind the volatile nature of such tokens, as they can crash violently in a short period of time . The post MemeCore (M) Explodes by 1,100% Weekly: What’s Fueling the Parabolic Move? appeared first on CryptoPotato .
For those new to cryptocurrency and seeking a budget-friendly option, industry experts are highlighting XYZVerse ($XYZ) as a better choice than Dogecoin. What is it about XYZVerse that has professionals recommending it to beginners? This article explores the features that make XYZVerse an attractive option for newcomers to the crypto scene. Price Prediction for XYZVerse ($XYZ): Is a 30x Jump Possible? XYZVerse has entered the meme coin market at a time when community-driven tokens continue to dominate speculative trading. The rise of meme coins like PEPE, Dogwifhat, and Bonk proves that strong branding, viral marketing, and community engagement can drive massive gains. The broader market sentiment also plays a key role in XYZVerse’s potential. As the altcoin season is about to start, lower-cap meme coins are seeing increased investor interest. Given that XYZVerse is still in presale, it could benefit from this wave if it secures strategic exchange listings and maintains community hype post-launch. Key Strengths of XYZVerse in the Current Market: Strong branding with sports and influencer partnerships, broadening its appeal Deflationary mechanics (17.13% token burn) to reduce supply pressure Liquidity allocation (15%) to support stability after launch Community incentives (10%) fostering engagement and holding Price Prediction for $XYZ Current Presale Price: $0.003333 Projected Post-Presale Target: $0.10 (as per project’s estimates) Potential ATH (First 1-2 Weeks Post-Launch): $0.15 - $0.25 (if demand surges and listings drive FOMO) Long-Term Potential (6-12 Months): $0.20 - $0.40 (if the project secures major partnerships and listings) Buy $XYZ Early to Increase Its Profit Potential Realistic Expectations: Will XYZ Hit $0.10? A 30x jump from presale to $0.10 is possible but depends on: Strong Exchange Listings – If XYZVerse lands on major CEX platforms like KuCoin, OKX, or Binance, its price could skyrocket on launch day. Sustained Community Growth – Meme coins need viral momentum. If XYZVerse delivers on its sports influencer partnerships, it could drive massive social media engagement. Market Conditions – If Bitcoin and altcoins remain bullish, speculation-driven assets like XYZVerse tend to benefit. Is a 3000% Surge Possible for $XYZ? XYZVerse has the ingredients for a strong launch, but its long-term success depends on execution. If the team delivers strong marketing, high-profile listings, and real community engagement, the $0.10+ target, which is around 3000% from the current price, could be achievable. Invest in $XYZ Before It Surges From Meme to Mainstream: The Rise and Potential of Dogecoin Dogecoin started in 2013 as a light-hearted take on cryptocurrencies, featuring a Shiba Inu dog from a popular meme as its logo. Created by Billy Marcus and Jackson Palmer, it was meant to be a fun alternative to the serious world of crypto. Unlike Bitcoin's limited supply, Dogecoin is abundant, with no maximum cap and 10,000 new coins mined every minute. Initially viewed as a joke or "memecoin," Dogecoin took the world by surprise in 2021. Fueled by social media buzz and endorsements from personalities like Elon Musk, its value skyrocketed, propelling it into the top ten cryptocurrencies with a market cap exceeding $50 billion. Dogecoin’s technology is based on Litecoin, offering faster transaction times and lower fees compared to Bitcoin. Its community-driven approach has fostered a loyal following, contributing to charitable causes and sponsorships. In the current market cycle, Dogecoin's appeal lies in its simplicity and the backing of a vibrant community. While other cryptocurrencies focus on complex technologies and use cases, Dogecoin remains accessible to newcomers. Market trends show a growing interest in decentralized finance and meme coins, suggesting that Dogecoin could continue to gain traction. However, its unlimited supply may affect long-term value. Investors looking for potential gains might find Dogecoin attractive, but should consider the volatility and do their research. Conclusion While coins like DOGE remain popular, XYZVerse's unique sports focus and ambitious growth plans position it as a promising option for beginners in the current bull market. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse 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.
Recently, HTX, a global leading cryptocurrency exchange invited Master Hataki, an expert in metaphysics and cryptocurrency, to conduct an in-depth Bazi analysis of Bitcoin. Using the timestamp of Bitcoin’s Genesis Block (January 3, 2009, 18:15 UTC), Master Hataki revealed a chilling forecast: according to his calculations, Bitcoin could face a “double Tai Sui” in 2026, leading to a major price correction. 2025 might be the “last escape opportunity” before Bitcoin enters a turbulent phase. Bitcoin’s Metaphysical Warning: The Challenge of 2026 Master Hataki’s Bazi analysis of Bitcoin shows a strong “Metal-Water” dynamic. In the Five Elements philosophy: Water represents liquidity, aligning with Bitcoin’s nature as a circulating currency. Metal is associated with finance and investment, explaining Bitcoin’s financial traits. In metaphysical terms, Tai Sui (the Grand Duke of Jupiter) represents a clash between an entity’s Bazi and the year’s energy, signaling challenges. Master Hataki noted that Bitcoin’s chart includes “Zi” (Rat), which clashes with the year “Wu” (Horse) in 2026, forming a Zi-Wu Clash . This suggests that Bitcoin will face Tai Sui that year. Even more concerning, two Zi-Wu clashes appear in Bitcoin’s Bazi, meaning it will face a “double Tai Sui”—a rare and significant challenge. The Impact of “Double Tai Sui” on Bitcoin Master Hataki explains the possible consequences of this metaphysical clash: Asset Damage and Loss : Clashes in Bazi represent financial disruption and loss. Bitcoin could experience significant downward pressure in 2026, with its market value dropping sharply. This could trigger a loss of investor confidence, causing a ripple effect in the market. External Interference : The clash may also suggest external disturbances, such as sudden regulatory changes, institutional sell-offs, or even attacks on blockchain technology. These could destabilize Bitcoin’s price and market position. Disunity and Discord : The clash could lead to increased friction within the Bitcoin community and among investors, weakening the overall market stability and Bitcoin’s support base. Negative Energy Transformation : Master Hataki emphasized that the Wu (Fire) of 2026, when it clashes with Bitcoin’s chart, could lead to a loss of wealth. This would not only mean price drops but also a broader shift in market energy, tightening liquidity in the crypto space. Key Timeframes for Potential Volatility Master Hataki highlighted two critical periods in 2026 when market volatility may peak: Wu Month (June 6 to July 7) and Zi Month (December 7 to January 5, 2027). During these times, Bitcoin’s price fluctuations may be especially intense. Investors are advised to remain cautious during these periods. The “False Good” Cycle of 2025 Though 2025 marks the first year of the Fire cycle, Bitcoin might still experience a “false good” phase, though Bitcoin has recently reached a new all-time high where prices rise temporarily before a correction. Master Hataki cautions that from November 7 to December 7 , the Si-Hai Clash could cause price volatility. While the metaphysical analysis doesn’t predict complete collapse, it does remind investors of the unpredictable nature of the crypto market. HTX’s Strategy for Navigating Market Risks Despite the metaphysical warning, Bitcoin’s “double Tai Sui” scenario serves as a reminder of the crypto market’s inherent uncertainties. HTX offers a range of investment products designed to help investors remain resilient during volatile times while still seeking profit opportunities. Here are some of the key strategies: HTX Launchpool: A Stable Growth Option When major cryptocurrencies face downward pressure, staking new coins provides a safer alternative. By participating in HTX Launchpool , investors can earn tokens from new projects and avoid the risks of market downturns, benefiting from new projects’ growth while adding value to their portfolios. Options and Short Contracts: Seizing Reverse Opportunities For experienced investors, HTX’s derivatives market offers tools to profit during bear markets. With Put Options , investors can lock in profits when Bitcoin’s price is expected to fall, or use short contracts to directly profit from declines. These tools can be powerful when used strategically, but they come with higher risks. HTX Earn: The Anchor in Market Uncertainty In uncertain times, allocating funds into low-risk, high-return earning products is wise. HTX’s earning products offer competitive returns, helping assets grow steadily during market fluctuations. With USDD and USDT earning products, investors can earn above-market yields, helping idle funds stay productive and countering market downturns. POS Coin Staking: Earning Even in a “Tai Sui” Year For those holding POS (Proof of Stake) cryptocurrencies, staking offers a way to earn passive income while protecting against market risks. By staking these coins on HTX , investors can enjoy substantial rewards, even during challenging market periods. Conclusion: Preparing for the Crypto Market’s Uncertainty Metaphysical insights into Bitcoin’s future offer a unique perspective on market risks, but they also highlight the need for strategic planning. Whether or not one subscribes to these predictions, being prepared for market volatility is always a smart move. HTX provides the tools to help investors manage risk and capitalize on profitable opportunities, ensuring that even in uncertain times, they can make informed and strategic decisions. Video Link: https://youtu.be/63OCQuGLtOk *The above content is not investment advice and does not constitute any offer or solicitation to offer or recommend any investment product. The post The Hidden Concerns Behind ATH: Could 2025 Be the Last Escape for Bitcoin? Metaphysical Insights on Market Challenges Ahead first appeared on HTX Square .
Two prominent congressmen have initiated the Anti-Crypto Corruption Week, urging Democratic lawmakers to oppose the GENIUS bill alongside other pending cryptocurrency regulations. This coordinated effort highlights growing concerns over potential
July unveils new opportunities in lesser-known cryptocurrencies that could see exponential growth. While major coins dominate attention, certain altcoins are quietly building momentum. These unrecognized assets have the potential to surge dramatically in value. Exploring these overlooked tokens might reveal chances for substantial profits in the dynamic world of digital currencies. Demand for $XYZ Surges As Its Capitalization Approaches the $15M MilestoneThe XYZVerse ($XYZ) project, which merges the worlds of sports and crypto, has attracted significant investor interest. Unlike typical memecoins, XYZVerse positions itself as a long-term initiative with a clear roadmap and an engaged community. The project was recently recognized as Best NEW Meme Project, further solidifying its appeal. Price Dynamics and Listing Plans During its presale phase, the $XYZ token has shown steady growth. Since its launch, the price has increased from $0.0001 to $0.003333, with the next stage set to push it further to $0.005. The final presale price is $0.02, after which the token will be listed on major centralized and decentralized exchanges. The projected listing price of $0.10 could generate up to 1,000x returns for early investors, provided the project secures the necessary market capitalization. So far, more than $14 million has been raised, and the presale is approaching another significant milestone of $15 million. This fast progress is signaling strong demand from both retail and institutional investors. Champions Get Rewarded In XYZVerse, the community calls the plays. Active contributors aren’t just spectators—they’re rewarded with airdropped XYZ tokens for their dedication. It’s a game where the most passionate players win big. The Road to Victory With solid tokenomics, strategic CEX and DEX listings, and consistent token burns, $XYZ is built for a championship run. Every play is designed to push it further, to strengthen its price, and to rally a community of believers who believe this is the start of something legendary. Airdrops, Rewards, and More - Join XYZVerse to Unlock All the Benefits Uniswap (UNI) Source: TradingView Uniswap's UNI token has shown notable activity recently. In the past week, its price rose by 12.01%. Over the last month, it increased by 20.50%. However, in the past six months, the price has dropped by 40.90%. Currently, UNI trades between $6.66 and $8.02. The nearest resistance level is at $8.62, and the closest support is at $5.90. If the price surpasses $8.62, it might reach the second resistance at $9.98, which is roughly 20% higher. If it falls below $5.90, it could approach the second support at $4.54. Technical indicators offer mixed signals. The 10-day simple moving average is $8.29, above the 100-day average of $7.67. The Relative Strength Index is 55.04, indicating a neutral position. The MACD level is positive at 0.0947, suggesting potential upward momentum. These factors hint that UNI's price might continue to rise, but the significant drop over six months suggests caution. Polygon (ex-MATIC) (POL) Source: TradingView POL (ex-MATIC) has been active recently. In the past week, its price rose by about 12%, showing strong interest from buyers. Over the last month, the price dipped nearly 4%. Looking back six months, the coin's value dropped by more than 50%, indicating a challenging period. The current price ranges between $0.1746 and $0.1930. The nearest resistance level is at $0.2022. If the price breaks through this point, it could aim for the next resistance at $0.2206. On the downside, support is found at $0.1654, which might prevent further declines. Below that, the next support level is at $0.1470. Technical indicators suggest possible growth. The Relative Strength Index is at 66.27, meaning the coin isn't overbought yet. The Stochastic oscillator is high at 83.47, hinting at potential overbought conditions. The MACD is positive, indicating bullish momentum. The 10-day simple moving average is above the 100-day average, pointing to a positive short-term trend. Based on these signs, POL may continue to rise and test the resistance levels. Polkadot (DOT) Source: TradingView Polkadot (DOT) has witnessed a 3.66% increase over the past week, trading within the $3.20 to $3.62 range. Despite this recent uptick, the coin has faced a significant decline of 11.54% over the past month and a steep 45.32% drop in the last six months. This highlights an ongoing downward trend in DOT's price performance. Technical indicators present mixed signals. The Relative Strength Index (RSI) stands at 65.86, nearing overbought territory, while the stochastic oscillator at 82.78 confirms this condition. The MACD level of 0.0469 suggests slight bullish momentum. DOT is currently below its 10-day Simple Moving Average of $3.66, indicating short-term resistance, yet remains above the 100-day SMA of $3.45, which may offer some support. To signal a potential reversal, DOT needs to break above the nearest resistance level at $3.86, which would represent a gain of about 6% from current prices. Clearing this hurdle could open the path toward the second resistance at $4.28, an approximate 18% increase. Conversely, a drop below the nearest support at $3.02 might lead to a decline of around 16%, possibly testing the second support at $2.60. Market participants should closely monitor these key levels. TRON (TRX) Source: TradingView TRON (TRX) has shown consistent growth over the past six months, with an 18.55% increase in price. In the past week, it edged up by 1.95%, and over the past month, it saw a modest rise of 1.06%. Currently trading between $0.28 and $0.29, TRX is holding steady near its 10-day and 100-day simple moving averages, both at $0.29. The Relative Strength Index (RSI) is at 54.41, indicating neutral momentum with a slight bullish tilt. The MACD level is positive at 0.0006, suggesting potential upward movement. With the stochastic oscillator at 30.98, the market doesn't appear overbought or oversold, which could mean that TRX is gearing up for a move. The nearest resistance level is $0.30. If TRX breaks through this barrier, it could test the second resistance at $0.31, representing potential gains of around 3% to 7%. On the downside, the nearest support is at $0.27, with a second support at $0.26. A drop to these levels could mean a decline of about 7% to 10%. Overall, TRX's steady performance and neutral indicators suggest potential for growth if it can surpass key resistance levels. Conclusion While UNI, POL, DOT, and TRX show potential, XYZVerse (XYZ) emerges as a unique blend of sports and memes, aiming for remarkable growth as the "G.O.A.T of all memecoins". You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse 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.
Bloomberg claims cryptocurrency companies and projects linked to the Trump family may have received “behind-the-scenes” support from Binance, the world’s largest crypto exchange, months before its founder, Changpeng Zhao, known as “CZ,” publicly applied for a presidential pardon. According to a Bloomberg exclusive on Friday , the arrangement had not been previously disclosed. However, Binance allegedly wrote the foundational smart contract for USD1 , a stablecoin issued by Trump-affiliated World Liberty Financial Inc. Three individuals familiar with the matter told Bloomberg that Binance was responsible for the initial code that enabled the issuance of USD1. The foundation allowed USD1 to be used in a $2 billion investment in Binance by MGX, a firm founded by the United Arab Emirates. Binance holds massive USD1 supply Blockchain data inspected by Bloomberg revealed that over $2 billion worth of USD1, about 90% of the token’s total supply, is held in Binance wallets. The interest-bearing assets backing that amount could yield tens of millions annually. Based on the token’s prospectus, the Trump family could be entitled to roughly $30 million yearly from the reserves’ interest income. A Binance spokesperson said USD1 “ followed the exchange’s standard listing process.” She added that Zhao’s pardon application “is a personal one,” reminding the public that he is no longer CEO. During an interview on the Farokh Radio podcast, Zhao admitted that he had made a pardon request : “If they’re writing this article, I might as well just officially apply.” The ex-CEO pleaded guilty in 2023 to anti-money-laundering charges and was sentenced to a brief period in a halfway house in Long Beach, California. Binance paid over $4 billion in penalties after US authorities found the platform had been enabling illicit financial flows from “terrorists, cybercriminals and child abusers.” A spokeswoman for World Liberty , responding to detailed inquiries, completely refuted the claims: “Your assertions are factually deficient and designed to further a political agenda,” they surmised. Binance, USD1, and Presidential ties: Foul play? If the allegations are anything to go by, President Donald Trump is both a financial beneficiary and the only person capable of granting Zhao’s pardon. “ We have never had this since the Civil War: a president whose personal financial interests conflicted with his official duties ,” said Richard Painter, former chief ethics counsel under President George W. Bush. “ We haven’t had anything even close to this significant .” The Trump administration insists that the president holds no conflicts of interest because his business holdings are placed in a trust overseen by his eldest son, Donald Trump Jr. An ethics agreement released before Trump took office in January says the president receives only “general business updates” and “not an accounting of the performance of any specific business or asset.” Bloomberg estimates that crypto-related projects tied to Trump have added at least $620 million to his fortune in just a few months. Two Bloomberg sources said Zhao met with World Liberty co-founder Steve Witkoff at a Bitcoin conference in Abu Dhabi in December 2024, shortly after Trump’s election win and Zhao’s release from supervised custody. Yet, someone close to Witkoff denied that the meeting occurred, saying he “doesn’t remember it.” Witkoff is a longtime Trump ally and real estate developer, currently serving as the special envoy to the Middle East under Trump 2.0. David Warrington, counsel to the White House, said Witkoff is “ working with ethics officials and counsel, including taking all the legal steps necessary to divest ,” and will transfer his interest in World Liberty to his adult sons. By mid-March, Bloomberg reported that Binance and World Liberty were in talks to develop a new stablecoin. Around the same time, the Wall Street Journal published an article stating that Zhao was asking the Trump administration for a pardon. Just two weeks later, World Liberty announced plans for a new stablecoin to be issued on Binance’s BNB Smart Chain. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Cardano has been one of the best performing assets on low timeframes. The top cryptocurrency is hinting at further profits, as the Bitcoin price crosses a new all time high and the much awaited altcoin season approaches. Related Reading: Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading At the time of writing, Cardano trades at $0.74 with a 18% profit over the past 24 hours. On higher timeframes, the cryptocurrency records a 28% profit followed by XRP’s 20% gains over the same period. ADA's price trends to the upside on the daily chart. Source: ADAUSD on Tradingview Analyst Says Cardano Will Replicate a Historical Bull Run Unlike Ethereum and XRP, the Cardano price has been more consistent with its past performance. In that sense, analyst Ali Martinez pointed to the formation of a bullish pattern for ADA that could propel the digital asset above the critical level around $1. The analyst claims that the $0.55 support for Cardano has been a key support on high timeframes. The last time the cryptocurrency dropped to this level in April this year, as seen on the chart below, ADA was able to rise to over 55% and touched the $0.85 mark. ‘It’s happening again’ said Martinez while pointing at the bullish momentum driving Cardano since it touched the bottom of this parallel channel. If the cryptocurrency can sustain this drive, it is likely to touch its May highs before meeting critical resistance. ADA price trends to the upside after touching a critical support level, aiming for $0.82. Source: Ali Martinez via X ADA Could Trend Even Higher, Bullish Price Targets A separate analyst also took note of the Cardano price action and the way it seems to be mirroring past patterns. The analyst claims that Cardano is entering a critical breakout zone. However, unlike Martinez, the analyst is more bullish and believes the ADA price might rally as much as 212% over the coming weeks. The analyst placed a bullish price target for the Cardano price at around $1.7. Related Reading: Bitcoin 30-Day Average Funding Rate Drops – Bullish Setup Takes Shape The analyst stated the following while sharing the chart below: $ADA is now testing the 50-week EMA. The last 2 times it crossed this line, it went up 212% and 128%. If history repeats, we will be looking at $1.77 $ADA. Are you ready for the pump? Cardano price to enter the $1 area over the next few weeks. Source: MinswapIntern via X In the long term, the analyst expects to see ADA hit $5 driven by its recent announcements, including a partnership with Tx Pipe to accelerate developer growth in Argentina that is set to benefit the Cardano ecosystem. On this partnership, Charles Hoskinson, CEO of IO, said: Their team represents the best of what Argentina’s developer community has to offer, and together we are building a foundation for long-term ecosystem growth. Our collaboration also fulfills the broader vision of making IO Buenos Aires a crypto hub. Cover image from ChatGPT, ADAUSD chart from Tradingview