4 hours ago
Cardano is trading above key demand levels after experiencing a volatile Friday. The market reacted sharply to the news of Bybit’s $1.4 billion hack, causing widespread fear and uncertainty. Prices across the crypto market, including Cardano, dropped from local highs, testing critical support levels. ADA fell over 7% on Friday as panic-driven selling took hold, but the market has since stabilized as Bybit reassured investors with a strong response. Related Reading: Bitcoin Faces Serious Price Compression – What Happened Last Time Despite the short-term volatility, analysts remain optimistic about ADA’s next move. Top analyst Ali Martinez shared a technical analysis on X, revealing that Cardano remains in a consolidation phase and is setting up for a potential 25% price move. Historically, consolidation at key demand levels has led to strong breakouts, and if ADA maintains support above its current range, a bullish move could follow. Investors are closely watching the price action as ADA continues to trade within a tight range. If bullish momentum builds, a breakout could send Cardano toward higher supply zones, confirming a new upward trend. However, if market sentiment weakens, a deeper retrace into lower demand levels may occur. The next few days will be crucial in determining Cardano’s short-term direction. Cardano Holds Key Demand Amid Uncertainty Cardano is holding above key demand levels amid recent uncertainty and fear triggered by Bybit’s hack. The event shook the market, causing a wave of selling pressure that pushed most altcoins, including ADA, into low demand levels. The extreme selling pressure that began in late December remains a concern for investors, as volatility continues to dominate price action. Despite this, ADA has managed to maintain its position above critical support zones, fueling speculation about a possible recovery. Bulls are growing increasingly cautious as ADA struggles to reclaim key supply levels. Many investors remain hopeful that the current consolidation phase will lead to a breakout. Martinez’s analysis on X suggests that Cardano remains in consolidation and could be setting up for a potential 25% price move. Historically, periods of extended consolidation at major support levels have led to explosive rallies, and ADA’s current positioning could indicate a major move is on the horizon. If Cardano successfully reclaims key supply levels and pushes above resistance zones, a massive recovery rally could follow, propelling prices toward multi-month highs. However, losing its current demand zone could trigger a significant correction, further extending ADA’s downward trend. The next few days will be crucial in determining the direction of Cardano’s price action. Related Reading: Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run – Details ADA Prepares For A Move Cardano (ADA) is trading at $0.76 after failing to reclaim the $0.82 mark for the second time. The price has been struggling to gain momentum, with selling pressure keeping it below key resistance levels. Bulls need to push above $0.82 and hold it as support to establish a foundation for higher prices. If ADA successfully reclaims this level, the next key target is $0.85, which aligns with the 4-hour 200 moving average, a critical indicator for short-term strength and momentum. For ADA to confirm a bullish recovery, buyers must defend the $0.73 level over the coming days. Holding above this level will demonstrate strength and allow the price to build a base for a potential rally. However, if Cardano fails to hold above $0.73, further downside could be expected, with the risk of a drop into lower demand zones. Related Reading: Ethereum Holds Key Support – Analyst Doubts Bears Can Defend $4K Anymore Investors remain cautious as ADA continues to trade within a tight range, and a breakout in either direction could set the stage for the next major move. If bulls manage to reclaim key resistance levels, a strong recovery rally could follow. However, failure to break above resistance could keep ADA trapped in consolidation for an extended period. Featured image from Dall-E, chart from TradingView
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Cardano ADA ADAUSDT Cardano (ADA) Technical Analysis Cardano Bullish Cardano consolidation Cardano news Cardano price Cardano price Analysis
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.
Bitcoin’s Rangebound Trading and Potential Buy-in Signals Amid Bybit Hack Concerns
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VanEck Claims Bitcoin Reserves Could Offset $21T US Debt by 2049
VanEck has predicted that the United States could reduce its national debt by $21 trillion in the next 24 years. The firm’s analysts believe that this could be achieved by creating a one million Bitcoin reserve over the next five years. VanEck’s Estimate According to the asset management company, a U.S. BTC reserve could slash the national debt if the crypto’s price increases to $21 million by 2049. This would represent around 18% of the total U.S. debt at that time. “If the U.S. government follows the BITCOIN Act’s proposed path – accumulating 1 million BTC by 2029 – our analysis suggests this reserve could offset around $21 trillion of national debt by 2049,” said the institution’s head of digital asset research, Matthew Sigel, in its latest report . VanEck’s estimate assumes that the cryptocurrency’s price will increase at a compounded annual growth rate (CAGR) of 25%, rising from $100,000 to $21 million per BTC in the next 24 years, while the country’s national debt climbs at 5% CAGR from $36 trillion at the start of 2025 to $116 trillion over the same period. The prediction aligns with the BITCOIN Act proposed by Senator Cynthia Lummis. Reacting to VanEck’s proposal, the lawmaker posted on X, “Good idea.” The Republican has been a vocal supporter of the idea of a U.S. BTC reserve. She has previously advocated for the initiative as a strategy to address the $36 trillion national debt and bolster the U.S. dollar’s global standing. She argues that the asset’s rising value could help reduce the debt over the next 20 years. Lummis believes establishing this concept would correct past financial missteps and ease economic pressure on younger generations. However, the legislation that would facilitate the creation of the stockpile is yet to be reviewed by the Senate or House. Growing Popularity Among Nations Following in the footsteps of President Donald Trump, the concept of a BTC stockpile is gaining international attention, and several governments are actively considering its potential use. In Venezuela, opposition leader María Corina Machado supports incorporating the cryptocurrency into the country’s supply, arguing that it could help recover stolen wealth and provide aid to its most vulnerable citizens. Switzerland is also exploring this possibility, with its National Bank evaluating the coin’s utility as a backup asset alongside gold. Similarly, Hong Kong’s legislator Wu Jiezhuang proposed integrating Bitcoin into the country’s financial reserves in December to enhance economic resilience. However, not everyone supports the idea. Former BitMEX CEO Arthur Hayes recently dismissed it as an impractical strategy that would serve political interests rather than ensure financial stability. The post VanEck Claims Bitcoin Reserves Could Offset $21T US Debt by 2049 appeared first on CryptoPotato . NewsBTC
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