9 hours ago
Cardano price started a fresh decline below the $0.720 zone. ADA is correcting some losses and might face resistance near the $0.7750 level. ADA price started a recovery wave from the $0.650 zone. The price is trading below $0.720 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7050 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.720 resistance zone. Cardano Price Faces Hurdles In the past few days, Cardano saw a bearish wave below the $0.7750 level, like Bitcoin and Ethereum . ADA declined below the $0.750 and $0.720 support levels. Finally, it tested the $0.650 zone. A low was formed at $0.6495 and the price recently started a recovery wave. The price climbed above the $0.6950 and $0.70 level. The price even spiked above the 50% Fib retracement level of the downward move from the $0.8170 swing high to the $0.6495 low. Cardano price is now trading below $0.720 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $0.7050 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.7050 zone. The first resistance is near $0.7520 or the 61.8% Fib retracement level of the downward move from the $0.8170 swing high to the $0.6495 low. The next key resistance might be $0.7750. If there is a close above the $0.7750 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.80 region. Any more gains might call for a move toward $0.850 in the near term. Another Drop in ADA? If Cardano’s price fails to climb above the $0.720 resistance level, it could start another decline. Immediate support on the downside is near the $0.6880 level. The next major support is near the $0.650 level. A downside break below the $0.650 level could open the doors for a test of $0.6350. The next major support is near the $0.620 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.6880 and $0.6500. Major Resistance Levels – $0.7520 and $0.7750.
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Congress Bill Seeks to Establish Permanent US Strategic Bitcoin Reserve Amid Growing Interest in Crypto Integration
A legislative push to solidify a US Strategic Bitcoin Reserve aims to integrate cryptocurrency into national financial policy, suggesting a broader acceptance of digital assets. This bill, introduced by Representative NewsBTC
POPCAT, PNUT, And PENGU Price Prediction After Robinhood Listing Hype
The post POPCAT, PNUT, And PENGU Price Prediction After Robinhood Listing Hype appeared first on Coinpedia Fintech News Key Highlights Meme coins – POPCAT, PNUT, and PENGU gained momentum after Robinhood announced their listing, driving investor interest despite broader market weakness. POPCAT surged 13.67% and is eyeing a breakout above $0.248, while PNUT saw an 8.50% rise, with holders and open interest surge. A bullish divergence and declining sell pressure suggest a relief rally for PENGU if breaks key resistance $0.0091$0.01 possible. Three memecoins POPCAT, PNUT, and PENGU are trending on Coinpedia Markets, as Popular crypto and stock trading platform, Robinhood has announced the listing of these meme coins amid a downtrend within the crypto market. Popcat (POPCAT) Over the last 24 hours, POPCAT price has broken out its 10-day EMA at $0.188 and currently trading at $0.1926, a 13.67% rise. POPCAT has bounced off from its support level of $0.181 and is now heading to a resistance of $0.205. Can POPCAT hit $0.31? Popcat coin has a significant hurdle to break the resistance at $0.248. If macroeconomic market conditions and investor behavior improve, POPCAT may hit past the $0.210588 resistance. A successful breach of this level might push the altcoin to reach $0.238 or $0.248, invalidating the current negative trend. This would indicate a shift in market behavior, potentially paving the way for a more prolonged rebound up to $0.31 this week. However, if it is unable to break the $0.238 mark, the memecoin will most likely trade between $0.150 and $0.227. Peanut the Squirrel (PNUT) PNUT price hits a 24H high of $0.1801, up 8.50% in the past 24 hours. The price has climbed from a descending trendline resistance. The RSI jumped from 33.57 on March 10 to 63.73, suggesting bullish momentum. While the MACD is at -0.0124, indicating a potential buy signal as momentum shifts bullish. Could $PNUT hit its Monthly High of $0.308? If buying pressure continues PNUT token could break its next resistance at $0.1950 and $0.2150 this week. A sustained surge above $0.2150 may push PNUT toward the $0.2500 mark which it reached on March 2, 2025. On-chain metrics are bullish, with PNUT holders increasing from 81,956 to 84,142 in the past week, while open interest surged 19% to $137.10 million in the last 24 hours. This indicates growing investor confidence and increased trading activity. However, if the breakout fails, PNUT could trade between support at $0.15 and $0.13. Pudgy Penguins ( PENGU) $PENGU coin is currently holding strong, displaying signs of potential reversal after an extended downtrend where it peaked at $0.046 on Jan 26, 2025. The 4-hour Relative Strength Index (RSI) has been consistently oversold, but a slight bullish divergence is forming. Will PENGU Reclaims Past $0.01? $PENGU divergence and decreased selling volume indicate that negative momentum is fading. Given the dramatic decrease, a relief rally could be on the horizon. A bounce from the $0.007 (small breakout level) resistance level is consistent with a probable reversal, as indicated by the RSI, which has exited the oversold zone. If the $PENGU price breaks above minor resistance around $0.007, it is likely to move to $0.0091, and then to the target price of $0.01 this week. However, failure to sustain the $0.005 mark could lead to a decrease. NewsBTC
