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The price of Cardano ( ADA ) is showing recovery in line with the general cryptocurrency market , but whale activity is signaling possible volatility in the coming days. ADA was trading at $0.75 as of press time, surging over 11% in the last 24 hours. However, the decentralized finance ( DeFi ) asset is down 20% on the weekly chart. ADA seven-day price chart. Source: Finbold Notably, ADA and other digital currencies have shown strength since President Donald Trump agreed to pause the 25% tariff imposed on Canada and Mexico for a month. Amid this market volatility, on-chain data indicates that whale investors have dumped over 330 million ADA in recent weeks, according to data shared by prominent on-chain cryptocurrency analyst Ali Martinez in an X post on January 4. ADA whale transactions. Source: Santiment/ Ali_charts This massive sell-off coincided with a steep decline in ADA’s price, raising concerns among investors about the cryptocurrency’s near-term trajectory. Notably, despite ADA’s sharp dip in recent days, these whales have refrained from buying back at lower levels, signaling potential caution in the market. AI predicts ADA price Typically, such moves point to the possibility of an asset dropping in value. To this end, Finbold turned to its artificial intelligence (AI) tool to determine how ADA might trade in the short term, specifically on February 28. The AI tool, leveraging several models, set an average price target of $0.83, suggesting a possible 9.2% increase. One of the bullish outlooks omitted from OpenAI’s Chat GPT-4o , which predicted ADA would surge to $0.95, a 25.4% jump. This bullish outlook is attributed to strong upward momentum, supported by ADA’s position above the 200-day simple moving average ( SMA ). Another forecast comes from Claude 3 Opus , which anticipates a rise to $0.92, marking a 21.4% increase. This projection highlights the influence of a bullish “ golden cross ” between the 50-day and 200-day moving averages. However, it notes the market remains cautiously optimistic, with potential volatility still a factor. On the more conservative side, ChatGPT-4o Mini predicts ADA could dip to $0.62, representing an 18.6% decrease. While it acknowledges some positive momentum, this forecast reflects a less optimistic view of short-term market dynamics. Meanwhile, GPT-3 Mini projects have climbed moderately to $0.81, a 6.2% increase. Finbold AI ADA price prediction. Source: Finbold ADA technical indicators Looking at the ADA chart setup, an analysis by pseudonymous cryptocurrency analyst BullishBanter highlighted the token’s path to the $1 mark. In an X post on February 4, the analyst pointed to Cardano’s recent dip to $0.75 as a potential turning point, with the liquidity sweep signaling a “Change of Character” (ChoCH) and a possible shift in market structure. The move taps into a high-liquidity zone, setting the stage for a reversal toward the $0.95 to $1.10 resistance range, supported by price imbalances and structural highs. For bulls to take control, ADA must reclaim $0.85 to $0.95 as support. Failure to do so risks renewed selling pressure below $0.75. ADA price analysis chart. Source: BullishBanter While ADA price remains below the 50-day SMA of $0.964543, it is above the 200-day Simple Moving Average (SMA) at $0.620169, indicating a longer-term bullish trend. The relative strength index ( RSI ) of 36.63 suggests ADA is slightly oversold, offering a possible buying opportunity. Market sentiment is mixed, with bearish signals contrasting a high Fear & Greed Index score of 72 (“Greed”). Featured image via Shutterstock The post AI predicts Cardano (ADA) price for February 28 as whales go on a selling spree appeared first on Finbold .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Sol Strategies Expands SOL Holdings With 40,300 SOL Acquisition
Sol Strategies has strengthened its validator operations and SOL holdings, acquiring an additional 40,300 SOL worth $9.93 million. Expansion of SOL Holdings and Validator Operations Remain Key for Sol Strategies Sol Strategies Inc., a publicly traded Canadian firm focused on the Solana blockchain, has announced significant validator growth and expanded SOL holdings. Between Jan. 19-31, Finbold
3BAY, XRP & SOL: A Comparison of Cross-Chain Innovations
Market Trends for XRP, Solana’s Recovery, & Web3Bay’s $1M Presale Among Hot Crypto Topics Cross-chain functionality and strategic flexibility are revolutionizing decentralized networks, with Web3Bay , XRP, and Solana each tackling distinct challenges and seizing new opportunities. Web3Bay enhances interoperability, connecting networks like Ethereum and BNB Chain to foster a cohesive e-commerce environment where users can effortlessly execute transactions across different blockchains. XRP capitalizes on institutional alliances and regulatory challenges to boost its cross-border payment capabilities. In contrast, Solana’s recent price drop underlines its technological advancements, with critical resistance levels suggesting a possible market recovery. Web3Bay’s approach to cross-chain integration stands out by offering unparalleled inclusivity, linking diverse networks to streamline transactions, and enhancing collaboration within the blockchain space. Web3Bay’s Blueprint for Interoperable Commerce Web3Bay is crafting the future of decentralized trade by focusing on interoperability and cross-chain functionality. By connecting with major blockchain ecosystems such as Ethereum and BNB Chain, Web3Bay facilitates transactions involving assets from various chains, enhancing liquidity, expanding user choices, and establishing a unified marketplace where individuals from different blockchain communities can easily engage. Additionally, Web3Bay addresses the significant issue of asset and user base fragmentation in the Web3 space. For example, a purchaser with Ethereum-based assets can conveniently deal with a seller using BNB Chain tokens. This adaptability not only improves user experience but also promotes broader inclusivity, nurturing a dynamic Web3 commerce environment. The effectiveness of Web3Bay’s strategy is evident in its successful presale outcomes. Notably, Stage 4 of the presale has garnered over $1 million, with 280 million tokens distributed at a current rate of $0.004562625. The anticipation of a high return on investment at launch, estimated at 6,430%, highlights investor confidence in Web3Bay’s potential to revolutionize e-commerce through its cross-chain approach. As the importance of interoperability grows, Web3Bay’s dedication to a seamlessly interconnected ecosystem positions it as a leader in the evolving shift, enabling users with exceptional flexibility and opportunities in the digital marketplace. XRP’s Recent Performance XRP, Ripple’s native cryptocurrency, recently reached a price of $3.14, showing a modest rise of 1% for the day but a drop of 6.93% over the last week, highlighting the ongoing market fluctuations. The trajectory of XRP is shaped by various elements, including Ripple’s ongoing legal issues with the U.S. Securities and Exchange Commission (SEC) about claims of selling unregistered securities. A positive resolution could lift investor confidence and increase XRP’s value. Market sentiment is also crucial and is swayed by wider cryptocurrency movements and regulatory updates. There has been a boost in optimism with talks of Paul Atkins, known for his positive stance on crypto, possibly heading the SEC. Ripple’s expanding partnerships with financial entities also boost XRP’s role in international payments, promoting its usage. Furthermore, the introduction of cryptocurrency ETFs focusing on XRP might attract significant institutional investments. Solana’s Recent Price Drop This past weekend, Solana (SOL) saw its value decrease by about 13%. This drop came after a significant five-wave surge that peaked at $294.50 on January 19. Solana is now in an ABC correction phase, with Wave C nearing the 0.618 Fibonacci retracement level, a crucial support point at $216.90. Technical analysis shows promising signs, with the Relative Strength Index (RSI) nearing oversold territory, indicating a possible upcoming reversal. Additionally, a bullish divergence on the 1-hour chart RSI points to a potential uptick soon. Important resistance levels to watch are $221.77 and $246.54, which align with the 0.5 and 0.382 Fibonacci retracement levels, respectively. Final Say Web3Bay, XRP, and Solana each offer unique solutions to the challenges within the decentralized digital economy. Web3Bay’s emphasis on cross-chain compatibility distinguishes it by promoting inclusivity and facilitating smooth transactions across different blockchain networks, aiming for a more unified e-commerce environment. XRP enhances its presence in international payments, supported by institutional backing and regulatory progress. Meanwhile, Solana shows potential for a market rebound, which could reaffirm confidence in its capabilities. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . Finbold
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US Prosecutors Charge Canadian Hacker in $65M Crypto Heist
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