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.

CARDANO PRICE ANALYSIS & PREDICTION (January 4) –ADA Advances Recovery Despite Slight Market Drops, Will it Sustain This Momentum?

As major altcoins posted minor losses earlier today following a slight drop in Bitcoin’s price, ADA continued to show signs of strength with another 15% gain in the last 24 hours. The start of the year has been impressive for ADA, as it surged through the $0.9 level after staying calm for over a week. That brought a halt in the four-week correction, and as we can see on the price chart, the bulls are slowly stepping back in their actions. Though the latest surge in volatility has yet to confirm with a break. While anticipating, the $1.3 level is an important resistance to watch on the way up. A successful break above it should trigger a massive rally. The early drop in Bitcoin’s price today was a bit worrisome as most altcoins currently paint minor loss, but ADA defied the odds as it kept rising Looking at the setup, the price remains strong on a daily scale. If ADA loses grip above $1, the price may pull back to the $0.9 level before regaining strength. A continuous breakdown from there could cause serious panic selling in the short-term. As of now, the bears are off the market. If they step back to resume correction, ADA may plummet into the $0.52 range before locating a threshold for a rebound. But currently, the bulls are taking charge. ADA’s Key Levels to Watch Source: Tradingview Moving higher, ADA may encounter resistance at the $1.18 level before reclaiming the $1.32 high, where it initiated drops last month. Crossing over this high could stir a surge to the $1.5 level in no time. A sudden drop from the current trading level could send us back to the $0.9 support. Failure to bounce back may result in a dip to $0.765. The lower level to watch for drops is $0.69. Key Resistance Levels: $1.18, $1.32, $1.5 Key Support Levels: $0.9, $0.765, $0.69 Price: $1.1 Trend: Bullish Volatility: High 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: Photo by Traxer on Unsplash // Image Effects by Colorcinch CryptoIntelligence

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SUI PRICE ANALYSIS & PREDICTION (January 5) – SUI Prints New ATH Amid Rising Volume, Sees 22% Gains In A Month

After undergoing a short pullback some weeks back, SUI resumed buy a few days ago following a 15% gain in the last 24 hours. This puts the asset on the top-gainer spot, leading the daily altcoins recovery. SUI’s overall market structure remains bullish on the daily timeframe following a higher high and higher low formation in the past months. But during the mid-December crash, it took a short break in buying and pulled back to crucial rising trendline, which has been serving as support since August. Though the drop was not much compared to other large cap altcoins that corrected by over 50%. Respecting this support line, the price bounced back this week and broke higher following an impressive gain in the 24 hours. The latest breakout indicates a fresh buying phase, and as we can see on the daily chart, the bulls are set to claim more highs from a technical perspective. The only condition for bearish right now lies in a rejection of the latest move, which could bring a little slowdown in the bullish move. Looking back from where the price started to pick up in August 2024, SUI is up by over 10x ever since. More growth should be expected! SUI Key Levels To Watch Source: Tradingview There is no major resistance for SUI at the moment. The potential level to consider for a test is $6. Higher levels to watch above it are $7 and $8. Aside from the ascending trendline that provided support, the $4 level is a crucial horizontal support to watch for a drop. If the price dips below it, the lower level to keep in mind is $2.973, followed by $2.37. Key Resistance Levels: $6, $7, $8 Key Support Levels: $4, $2.973, $2.37 Spot Price: $5.17 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch CryptoIntelligence