Cardano’s price has failed to continue its upward momentum after failing to break above the key $1.2 resistance level. Moreover, ADA plunged below the $1 mark during today’s market crash. By Edris Derakhshi (TradingRage) The USDT Paired Chart On the ADA/USDT pair, the price has been dropping lower after failing to reach the $1.2 resistance zone once again. It is currently consolidating inside a large falling wedge pattern, and a retest of its lower boundary is the most probable scenario in the coming days. Yet, as long as the price remains higher than the 200-day moving average, which is located around the $0.6 level, the overall market trend can still be considered bullish. The BTC Paired Chart Looking at the BTC paired chart, the price action is almost identical to that of the USDT pair. ADA is currently testing the 900 SAT support level and is on the verge of breaking it to the downside. This breakdown could result in a decline toward the 200-day moving average, around the 750 SAT mark. With the RSI also showing values below 50%, the momentum is in favor of this bearish scenario. The post Cardano Price Analysis: ADA’s Path Forward After 8% Daily Correction appeared first on CryptoPotato .
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Ethereum Reserves Hit Multi-Year Lows—Are We On The Verge Of A Bull Run?
Ethereum is experiencing a gradual recovery as its price climbs above $3,100. This marks a 2.3% increase over the past day. However, the asset remains in a state of overall decline, down 3.3% over the week. While this modest rebound offers some relief, Ethereum is still grappling with the effects of an overall bearish trend. The ongoing price movement has prompted some analysts to revisit Ethereum’s underlying on-chain metrics to understand what may lie ahead for the cryptocurrency. One key area of focus is Ethereum’s spot exchange reserves. According to a recent analysis by Cryptoavails, a contributor to the CryptoQuant QuickTake platform, the total reserves of Ethereum held on spot exchanges have been steadily declining. This long-term trend points to a shift in how market participants are managing their holdings. Related Reading: Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders Ethereum Spot Exchange Reserves Trend According to Cryptoavails, Ethereum reserves on spot exchanges have gone through significant changes over the years. During the 2017-2018 bull market, reserves reached their peak, driven by a surge in investor interest. The 2020-2021 period saw another substantial increase, fueled by the rise of the DeFi ecosystem and Ethereum-based projects. However, starting in late 2021, reserves began a sharp decline as large withdrawals from exchanges became more common. By 2023, reserve levels hit a low point, and by 2024, these reduced levels persisted, signaling a potential supply shortage. This reduction in reserves often indicates that holders are withdrawing Ethereum from exchanges for long-term storage, rather than leaving it available for immediate trading. As a result, the diminished supply on exchanges can create upward pressure on prices. Cryptoavails noted that from 2022 onward, as reserves decreased, Ethereum’s price started to stabilize at higher levels. This pattern suggests that low reserve levels could support further price increases, potentially triggering a new upward trend. Technical Analysis Of ETH From a technical standpoint, Ethereum has shown patterns that analysts interpret as bullish. Several prominent figures in the crypto community have shared their insights. One renowned analyst known as Crypto Ceaser recently highlighted a bounce in Ethereum’s price as a significant opportunity, expressing a view that the cryptocurrency is undervalued and may be poised to reach new all-time highs. $ETH – #Ethereum bounced as expected. This was a huge opportunity. Send it. In my opinion Ethereum is heavily undervalued. I think we will see new ATH’s soon. pic.twitter.com/ljMa1lEpJO — Crypto Caesar (@CryptoCaesarTA) January 28, 2025 However, not all analyses paint a uniformly optimistic picture. Anup Dhungana, another crypto analyst, pointed out a divergence between Bitcoin and Ethereum’s market behavior. While Bitcoin has maintained a steady uptrend, Ethereum’s performance against Bitcoin has been less robust, with the ETH/BTC pair forming lower lows. This divergence reflects reduced investor interest in Ethereum relative to other assets. Related Reading: Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists – Analyst According to Dhungana, the next technical support level for ETH/BTC may lie between 0.028 and 0.026. A rebound from this level could potentially revive broader interest in Ethereum and altcoins, paving the way for another phase of growth. Featured image created with DALL-E, Chart from TradingView Crypto Potato
TON Reveals 2025 Roadmap with Major Blockchain Upgrades
The TON (The Open Network) blockchain has unveiled its ambitious 2025 roadmap , featuring key upgrades designed to enhance scalability, security, and interoperability. The roadmap includes a layer-2 payment network, advanced smart contracts, Bitcoin cross-chain support, and improved validator tools , according to Wu Blockchain on X. With these developments, TON aims to strengthen its ecosystem , making it more competitive in the evolving blockchain landscape. Key Features of TON’s 2025 Roadmap The newly revealed TON roadmap includes several groundbreaking upgrades that will enhance network functionality and adoption. Layer-2 Payment Network Designed to improve scalability and transaction speed . Enables faster and cheaper microtransactions , making TON more suitable for everyday payments. Enhanced Smart Contracts Smart contract improvements will increase efficiency and security . Supports more complex decentralized applications (dApps) and DeFi solutions. Bitcoin Cross-Chain Support Integrates Bitcoin (BTC) cross-chain compatibility, enabling BTC transactions on TON’s network . Facilitates Bitcoin-based DeFi applications and interoperability between major blockchain ecosystems. Improved Validator Tools Enhances validator efficiency, making staking and network security more robust . Introduces new governance and consensus mechanisms to optimize decentralization. New Transaction Standards Pending IDs and Secure Signatures aim to improve transaction reliability and security . Helps streamline transaction validation, reducing risks of failed or fraudulent transactions . Sidechain Research and Expansion TON will explore sidechains to increase scalability , allowing developers to build specialized blockchain solutions without congesting the main network. How These Upgrades Strengthen TON’s Ecosystem The TON blockchain was originally developed by Telegram before becoming a decentralized project. Its 2025 roadmap reflects a clear strategy to enhance adoption and real-world usability . Why These Upgrades Matter: Scalability Boost: Layer-2 solutions and sidechains will enable faster transactions and reduce congestion. DeFi & Cross-Chain Growth: BTC support expands TON’s role in cross-chain DeFi applications . Security Enhancements: New validator tools and transaction standards will improve network integrity . Adoption Potential: A more efficient blockchain makes TON more attractive for dApps, enterprises, and developers . What’s Next for TON in 2025? With these developments, TON positions itself as a major competitor in the blockchain space , rivaling networks like Ethereum, Solana, and Avalanche. The success of TON’s 2025 roadmap will depend on: The implementation speed of these upgrades. Developer and institutional adoption . The expansion of its DeFi and NFT ecosystem . If TON successfully rolls out these features, it could establish itself as a top-tier blockchain for payments, DeFi, and cross-chain applications . FAQs What is TON’s 2025 roadmap? TON’s roadmap includes a layer-2 payment network, smart contract improvements, BTC cross-chain support, enhanced validator tools, new transaction standards, and sidechain research . Why is Bitcoin cross-chain support important for TON? Integrating Bitcoin allows BTC transactions on the TON network , facilitating Bitcoin-based DeFi applications and interoperability with other blockchains . How will TON’s layer-2 network improve transactions? The layer-2 solution will increase transaction speed and reduce fees , making TON more efficient for everyday payments and microtransactions. What are the benefits of TON’s new validator tools? They improve staking efficiency, network security, and governance mechanisms , making TON’s consensus process more robust . What role do pending IDs and secure signatures play? These new transaction standards enhance security, reliability, and fraud prevention in transactions. How does TON compare to other blockchains? TON’s scalability and focus on payments, DeFi, and cross-chain integration put it in competition with Ethereum, Solana, and Avalanche. Conclusion TON’s 2025 roadmap introduces a series of major blockchain upgrades , including layer-2 payments, BTC cross-chain support, smart contract improvements, and validator enhancements . These innovations position TON as a leading blockchain for payments, DeFi, and cross-chain interoperability . As these upgrades roll out, TON’s impact on the crypto and DeFi space could be significant, potentially making it a go-to network for scalable blockchain solutions . To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news , where we delve into the most promising ventures and their potential to disrupt traditional industries. Crypto Potato