93 days ago
Cardano is navigating a pivotal price range, bounded by the $0.75 and $1.3 thresholds, with its recent price action underscoring a successful pullback to the previously breached $0.75 support. The outcome of a breakout from this range will likely set the tone for its next significant market direction. Technical Analysis By Shayan The Daily Chart Cardano has recently encountered a rejection at the $1.3 resistance level, triggering heightened volatility and a descending retracement phase. As a result, the price settled at the $0.75 support zone, which coincides with a significant prior yearly swing high and is laden with demand and buying interest. This support has halted further downside momentum, keeping ADA confined within the $0.75-$1.3 range. This consolidation phase suggests a build-up of market pressure, with the potential for a decisive breakout on either side. A bullish breakout above $1.3 would signal the initiation of a sustained uptrend, while a bearish breakdown below $0.75 could result in a significant liquidation cascade, pushing the price toward lower support levels. The 4-Hour Chart On the shorter timeframe, Cardano’s price action has been shaped by a descending wedge pattern, a formation that often indicates a potential bullish breakout if the upper boundary is breached. Currently, the asset is hovering around the wedge’s lower boundary, near the $0.75 support zone, where increased buying interest is evident. This area is further reinforced by the critical 0.5 ($0.82)-0.618 ($0.7) Fibonacci retracement levels, solidifying it as a formidable barrier against further selling pressure. In the mid-term, ADA is anticipated to continue consolidating within this wedge pattern while maintaining its position above these key Fibonacci levels. A bullish breakout from the wedge could pave the way for an advance toward the $1.3 resistance. Conversely, a bearish breakdown below the wedge’s lower boundary might trigger a deeper decline, with the $0.5 threshold emerging as the next significant support level. The post Cardano Price Analysis: ADA Enters Consolidation Phase After 16% Weekly Drop appeared first on CryptoPotato .
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BINANCE COIN PRICE ANALYSIS & PREDICTION (April 2) –BNB Bulls Defend $600 Amid Latest Drop But Can it Hold?
Unlike a few altcoins, BNB saw fewer drops in the past week and remained well above the $600 level following a slight recovery. It appears set to resume positive action as the bulls show signs of interest. Last week saw BNB through another downturn after rejecting the $640 level during March’s recovery. This caused a small panic as it shed loss, and the price slipped to a low of $587 yesterday. Reacting well to the drops, the price was sharply rejected as a result of bullish interception, and the price increased above the key $600 level. Currently, the price is slightly up as it shows signs of strength while taking a breath. A push back above the mentioned key level could trigger a new leg up to $700 and even above. Although, the buying volume is not enough at the time of writing. Looking at the daily chart, BNB is still trading far well above the $500 level that stood as support during last month’s crash. If, by any chance, the bears resume pressure, we can expect more bleeding in the next few days. Right now, trading looks calm with a lot of conflicting signals. Should the buying volume increase, we can anticipate another major buy until the price recovers fully to the top. But for now, BNB’s demand is low as it trades flat on the daily chart. BNB Key Level To Watch Source: Tradingview The $587.3 level is currently providing support. If it fails to hold, the next support to consider for drops would be $566 and the $544 level. For bullish, BNB must reclaim the recently marked $640 resistance. A push above $648.5 should facilitate more recovery to $686, $700 and $732 in the next few weeks. Key Resistance Levels: $648.5, $686, $732 Key Support Levels: $587.3, $566, $544 Spot Price: $609.5 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 ! Crypto Potato
Japan’s Metaplanet Hits 4,046 BTC With 96% Yield—More Buys Ahead
Metaplanet Inc. added 696 BTC in Q1 2025, using options to lower acquisition costs. The firm’s total Bitcoin holdings reached 4,046 BTC. Japan’s Metaplanet Grows Bitcoin War Chest to 4,046 BTC Japan’s publicly listed bitcoin treasury company, Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), announced on April 1 that it had increased its Crypto Potato
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