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Cardano (ADA) Slips: A Healthy Correction or Bulls Losing Grip?

Cardano price started a fresh decline below the $1.050 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.0250 level. ADA price started a fresh decline from the $1.150 zone. The price is trading below $1.0550 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $1.040 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.050 resistance zone. Cardano Price Faces Hurdles After struggling to stay above the $1.150 level, Cardano started a fresh decline unlike Bitcoin and Ethereum . ADA declined below the $1.050 and $1.0350 support levels. It even spiked below $1.00. A low was formed at $0.9615 and the price is now attempting to recover. There was a move above the $0.990 level. The price cleared the 23.6% Fib retracement level of the downward move from the $1.088 swing high to the $0.9615 low. Cardano price is now trading below $1.050 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.0250 zone. It is near the 50% Fib retracement level of the downward move from the $1.088 swing high to the $0.9615 low. The first resistance is near $1.050. There is also a connecting bearish trend line forming with resistance at $1.040 on the hourly chart of the ADA/USD pair. The next key resistance might be $1.0880. If there is a close above the $1.0880 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.120 region. Any more gains might call for a move toward $1.1520 in the near term. Another Decline in ADA? If Cardano’s price fails to climb above the $1.050 resistance level, it could start another decline. Immediate support on the downside is near the $0.980 level. The next major support is near the $0.9650 level. A downside break below the $0.9650 level could open the doors for a test of $0.9200. The next major support is near the $0.880 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 – $0.980 and $0.9650. Major Resistance Levels – $1.0250 and $1.0500. CoinOtag

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Coinbase’s Base Plans for 25 Million Users and $100 Billion in Assets by 2025

Base – the Coinbase-incubated Ethereum Layer 2 network – has announced an ambitious roadmap for 2025, in a bid to solidify its position as a leading player in the ecosystem. According to the press release shared with CryptoPotato , the network aims to onboard 25 million users and 25,000 developers, significantly expanding its community and technical contributions. Base also plans to scale its blockspace capacity to 250 Mgas/s, to enable faster and more efficient transactions, while targeting $100 billion in total assets on the platform. Base Unveils Ambitious 2025 Goals Base has outlined its 2025 strategy through five key focus areas. First, it aims to empower developers by creating open tools, including OnchainKit and support for AI-driven apps, to streamline app development and adoption. Second, it seeks to foster a robust ecosystem of on-chain applications, focusing on distribution, monetization, and improving core functionalities like social, trading, payments, and messaging. Third, Base plans to simplify user experience by ramping up its Smart Wallet, to facilitate quick onboarding, seamless app interactions, and secure management of assets and identities. Fourth, it aims to become a hub for global on-chain markets by increasing asset liquidity. “We will decentralize, scale, and accelerate Base to enable everyone, everywhere to come on-chain. The only way we can build a truly global economy is by making sure it’s built on a decentralized, open platform – and we are proud to do this as part of Ethereum and the Superchain.” Base TVL Growth The roadmap follows a milestone in November when Base hit $10 billion in total value locked (TVL) for the first time. The figure has since increased by over 50% as the TVL of the Layer 2 now stands at $15.2 billion, as per data compiled by L2Beat. Base is currently, the second Ethereum Layer 2 network trailing closely behind Arbitrum which has a TVL of $18.09 billion. The growth of Layer 2 networks played a crucial role in the Ethereum ecosystem last year and data suggests that this trend will continue going forward. For instance, in its latest report , Fidelity expressed optimism about the performance and adoption of Layer 2s in 2025, stating that these solutions are expected to build on the momentum gained in 2024, with a focus on reducing transaction costs, improving transaction speed, and enhancing cross-chain interoperability. “The continued innovation in Layer 2 technology will make DeFi more accessible and scalable, potentially attracting more institutional investors and enterprises. A successful example is Coinbase’s Layer 2 chain Base, which was built on the OP Stack created by the Optimism collective.” The post Coinbase’s Base Plans for 25 Million Users and $100 Billion in Assets by 2025 appeared first on CryptoPotato . CoinOtag