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.

TRON PRICE ANALYSIS & PREDICTION (February 1) – TRX Signals Bullish But Its Low Volatility May Slow Down Rally

Rolling back to where it initiated a massive surge last December, TRX bounced back briefly and showed signs of strength after establishing support. It currently signals buy and looks set for another major move. After the late 2024 surge that rallied the price to a peak of $0.45, TRX halted buying and rolled over. These rolls caused a deep correction and the market provided over 20% discount after six weeks of trading. The bulls took advantage of it and pushed the price back after dropping to a low of $0.217 in mid-January. As shown on the daily chart, they are slowly getting back on track but their footings are not strong yet. A significant cross above the key $0.3 level should bring retail attention to the market while the bias turns positive. For now, there’s not enough buying volume as it still trades in the bears’ zone in the short term. Failure to push through this key level might result in a dip capable of causing more correction. But looking at the latest setup, the bulls will likely sustain pressure until the price recovers fully to the top. Regardless of that, TRX remains one of the hidden altcoins staging a fresh increase, although trading volatility appears low at the time of writing while it slowly reaccumulates on the daily timeframe. TRX’s Key Level to Watch Source: Tradingview Pushing above $0.275, the next line of interest for the bulls would be the $0.31 resistance. If they scale through $0.37 to the key $0.4 level, the next resistance level to watch for a breakup would be $0.45. The $0.217 level is still standing as support. If the price drops below it, the $0.186 and $0.17 levels would be the next stopover for selling. Key Resistance Levels: $0.275, $0.31, $0.37 Key Support Levels: $0.217, $0.186, $0.17 Spot Price: $0.254 Trend: Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: slavstan/ 123RF // Image Effects by Colorcinch CoinOtag

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CARDANO PRICE ANALYSIS & PREDICTION (February 1) – ADA May Experience Broad Correction if This Support Cracks

Unlike many mid-cap altcoins, Cardano’s ADA is still within a buying range despite posting notable losses in the past weeks. It now trades near a crucial support, where the next market phase will be determined. ADA’s market structure remains weak due to a steady reduction in the past months. This suggests a strong bearish presence while undergoing a deep correction daily. Still, its mid-term bullish trajectory remains intact. However, the crucial $0.8 level has been standing as support since it initiated drops two months ago. Technically, things are likely to get uglier soon following the new sell order building up from the $1 level. As we can see on the daily chart, ADA has been gathering volatility for almost two weeks, subjecting trading to choppy price actions. Due to this, we may see a crash. The key target level to watch would be $0.4. Currently, the selling pressure is low due to a lack of interest from the bears’ side but we can anticipate a major move when they show strong commitment. That should trigger a heavy supply in the market. The only condition for a bullish move right now lies in a rebound. If the mentioned crucial level continues to provide support, we can consider an upward movement with a double-bottom pattern. As it stands, the bears are most likely to have an upper hand in the near term. ADA’s Key Levels to Watch Source: Tradingview Breaking down the holding $0.86 support could cause a serious sell-off to $0.765 and $0.65 before reaching the mentioned key target level. If ADA continues to hold the mentioned level well, we may see a bounce back to $0.988. Retaking January’s $1.152 high should send us to the $1.32 resistance with a potential break up to $1.5. Key Resistance Levels: $0.988, $1.152, $1.32 Key Support Levels: $0.86, $0.765, $0.69 Price: $0.93 Trend: Bearish Volatility: Moderate Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: angrysun/ 123RF // Image Effects by Colorcinch CoinOtag