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Cardano (ADA) shows signs of recovery with a potential bounce, while XRP may face challenges due to fluctuating interest. This article explores the upcoming price movements and offers insights on which of these two coins might be poised for future growth. Stay tuned to discover potential market trends and price forecasts for ADA and XRP. Cardano ADA Analysis: Recent Trends and Key Price Levels Cardano dipped nearly 29% within the last month with a modest weekly decline of about 4%. Over six months, the coin surged by around 84%, showing a strong rebound from previous lows. The figures reveal short-term challenges contrasting with long-term recovery, highlighting an uneven journey in price action. The current trading range of ADA lies between $0.47 and $1.02, with immediate resistance at $1.37 and support near $0.27, and a secondary resistance at $1.92. Bearish signals appear as momentum indicators are weak and the RSI sits at 41. Traders might watch for potential rebounds at support or test resistance levels to catch a reversal, keeping positions aligned with these key benchmarks. XRP Market Trends: Six Month Surge Amid Short-Term Decline XRP recorded a slight weekly decline and an almost 18% drop over the past month, paired with a remarkable 303.73% rise in the last six months. The price behavior shows sharp short-term corrections contrasted by robust long-term gains, reflecting the volatility inherent in its market cycle and the broader altcoin season. Current price trades between $1.66 and $2.77, with key levels marked by support at $1.23 and resistance at $3.45. Negative momentum and oscillators suggest a slight bearish sentiment, though the trend remains range-bound. Trading ideas include buying near the support level and watching for a breakout above resistance to signal a shift in market sentiment. Conclusion ADA shows some potential for a rebound despite its recent instability. On the other hand, XRP faces challenges with weak demand and increasing supply, which may lead to a downward trend. Both coins have distinct dynamics, and their future movements will depend on how these factors evolve in the short term. 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.
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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.
Donald Trump Administration Is Lifting Cryptocurrency Clampdowns One By One! Here`s The Latest Move
The U.S. Department of Justice (DOJ) is shutting down its dedicated cryptocurrency enforcement unit, marking the latest move by President Donald Trump’s administration to reduce federal oversight of the digital asset industry. Justice Department Disbands Crypto Enforcement Unit as Trump Administration Eases Oversight of Digital Assets Assistant U.S. Attorney Todd Blanche announced the effective disbandment of the National Cryptocurrency Enforcement Team (NCET). The four-page directive framed the decision as part of Trump’s broader effort to create “regulatory clarity” for crypto markets and roll back aggressive enforcement policies. “The Department of Justice is not a digital asset regulator. However, the previous Administration used the Department of Justice to pursue a reckless strategy of regulation through prosecution,” Blanche wrote. Blanche, who also served as Trump’s defense attorney during his 2024 criminal trial, made it clear that the DOJ’s focus will now shift away from prosecuting crypto platforms and infrastructure providers, including exchanges, wallet services, and privacy mixers like Tornado Cash. Instead, DOJ resources will directly target individuals accused of defrauding or harming crypto investors. NCET Shut Down After Three Years of High Profile Cases Launched under the Biden administration in 2021, NCET has played a key role in several major crypto enforcement actions. The unit has been instrumental in prosecuting: Tornado Cash: A privacy-focused crypto mixing service accused of facilitating money laundering. Avraham Eisenberg: A trader accused of exploiting a decentralized finance protocol for over $100 million. North Korean Cybercriminals: State-sponsored actors accused of laundering stolen crypto assets. The dissolution of NCET represents a significant shift in the federal government`s approach to digital asset regulation and enforcement. *This is not investment advice. Continue Reading: Donald Trump Administration Is Lifting Cryptocurrency Clampdowns One By One! Here`s The Latest Move Bitzo
HASSETT: FED WILL DECIDE INTEREST RATES, RESPECT INDEPENDENCE -FOX NEWS INTERVIEW
HASSETT: FED WILL DECIDE INTEREST RATES, RESPECT INDEPENDENCE -FOX NEWS INTERVIEW Bitzo
