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20 02, 2025

Solana Price Prediction – Can $SOL Recover From Current Dip?

By |2025-02-20T08:25:11+02:00February 20, 2025|Crypto News, News|0 Comments

Solana has continued negative trends in the last 30 days and traded in red. dropped by 7% in the last 24 hours, CoinMarketCap data says.

Exchange platforms suggest an increased because of the series of scandals involving the blockchain. The ratio of long to short positions dropped significantly from 4 to 2.5, signaling a radical shift in sentiment.

Solana’s fall came after the crash of LIBRA – A Solana-based meme coin that lost most of its value after the Argentinian president Javier Milei endorsed and, shortly after, disowned it. The project is accused of insider trading, while Milei faces fraud charges. After this, numerous other Solana-based meme coins dipped, including MELANIA, Harry Bolz, and Vigilante.

Still, Solana is recording some wins, marking a full year without an outage. Despite some short-term pessimism, Solana still has a bright outlook. Let’s see what Solana’s price predictions say.

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20 02, 2025

Are Future $500 XRP Price Predictions Far-Fetched, Could It Be The Crypto Dubbed XRP 2.0 That Delivers 10,000% Gains?

By |2025-02-20T04:23:09+02:00February 20, 2025|Crypto News, News|0 Comments

XRP Price Prediction $500 discussions have ramped up in recent months, spurred by major price swings and rapidly changing regulatory winds.

In January, XRP reached $3.39, only to retreat to $2.68 by mid-February showcasing both its volatility and underlying strength. The token remains 31% below its January 2018 peak of $3.89, yet its 145% return over the last 90 days places it well ahead of heavyweights like Ethereum and Solana.


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Political shifts also play a role in the overall outlook. The pro-digital asset stance of President Donald Trump’s administration bolstered investor optimism. Likewise, Gary Gensler’s exit from the SEC introduced a sense of relief, as many hope the new leadership under Mark Uyeda will be more amenable toward crypto. Together, these changes have catalyzed a wave of bullish sentiment, prompting many to wonder if an XRP Price Prediction $500 could someday materialize.

The Rollercoaster Ride of XRP

In addition to politics, regulatory actions continue to shape Ripple’s destiny. While XRP soared to $3.39 in early 2025, it pulled back significantly over the following weeks. Analysts point out that most altcoins encountered similar hurdles during this period. Yet XRP still managed an impressive 145% gain over the last quarter, a testament to its enduring appeal.

Fueling further excitement is the formal acknowledgement from the U.S. Securities and Exchange Commission regarding Grayscale and NYSE’s filing for a spot XRP ETF. This move kickstarts a 240-day review process, with key deadlines along the way. If approved, a tradable fund could push XRP into the mainstream. Many suggest this milestone might grease the wheels for an ambitious XRP Price Prediction $500.

XRP’s ETF News

However, the coin’s future also hinges on an ongoing legal battle. Despite a partial victory in August 2023, the SEC’s lawsuit against Ripple persists, creating an odd scenario where the agency reviews an ETF based on the asset under legal scrutiny. Observers like Nate Geraci label this a significant turning point and an “enormous message” that the SEC could soften its stance.

Could XRP Price Prediction $500 Become Reality?

Some experts argue that XRP Price Prediction $500 isn’t as outlandish as it seems, especially if certain dominoes fall into place. A court ruling that unequivocally classifies XRP as non-security might open the floodgates for institutional adoption. Already, multiple firms including Bitwise have filed 19b-4 applications for their own XRP ETFs. If these products gain approval amid a bullish market phase, the price could skyrocket.

Crucially, the coin’s fundamentals remain compelling. XRP aims to streamline cross-border settlements at lightning speeds and the project boasts partnerships with major global financial institutions. Should big players like BlackRock eventually back an XRP-based product, that seal of credibility might supercharge adoption. Some believe this scenario could push the token’s valuation into triple digits, intensifying the XRP Price Prediction $500 debate.

Skeptics, however, emphasize that previous bull runs never came close to such lofty targets. XRP soared to $3.89 in 2018, yet it still hasn’t surpassed that all-time high, even in subsequent market surges. While the regulatory climate and mainstream acceptance of crypto have advanced considerably, hitting $500 demands near-flawless execution of Ripple’s roadmap plus robust macroeconomic tailwinds.

Is “XRP 2.0” Already Here?

While XRP remains in flux, another project is making waves: Remittix. Touted by some as “XRP 2.0,” Remittix has raised over $12.2 million and sold over 460 million tokens at a presale price of $0.0628. The platform’s PayFi model merges crypto speed with traditional banking, allowing funds to arrive in global bank accounts as fiat without hidden fees or complex conversions.

Imagine an entrepreneur in Southeast Asia receiving payments from Europe. With Remittix, cross-border transactions are almost as simple as local bank transfers. This approach resonates with freelancers, small businesses and even large enterprises seeking cost-effective, near-instant remittances. Some believe this real-world utility could spark gains that outstrip even the wildest XRP Price Prediction $500 scenarios.

Moreover, Remittix’s liquidity pool and team tokens remain locked for three years, underscoring the project’s commitment to steady, long-term growth. Analysts say that if it captures even a modest slice of the trillion-dollar remittance market, Remittix might deliver returns that echo Ripple’s early days or go even further. Where XRP faces ongoing legal uncertainties, Remittix seeks to avoid them by carving out a fully compliant niche from the onset.

Will Remittix Get To $500 First?

XRP Price Prediction $500 might sound unbelievable, but the crypto space regularly defies conventional wisdom. XRP’s strong performance amid regulatory strife reveals its staying power and a potential spot ETF could supercharge its journey to new highs. Yet, with legal questions lingering and major hurdles still in play, some investors are cautiously diversifying their bets.

Remittix stands out as a strong alternative, combining the game-changing speed of crypto with everyday financial utility. Reducing friction in global payments may replicate or exceed XRP’s success without the baggage of drawn-out legal battles. Whether you favor Ripple’s established track record or Remittix’s fresh approach, it’s an exciting time for cross-border remittance tokens.

Curious if Remittix might outperform even the boldest XRP Price Prediction $500 forecasts? Visit Remittix to see how PayFi could redefine global finance!
Website: https://remittix.io/
Socials: https://linktr.ee/remittix


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20 02, 2025

Can Ethereum Push On To $4,000 As Solana Price Falters

By |2025-02-20T02:22:03+02:00February 20, 2025|Crypto News, News|0 Comments

current price is . Monday saw a one percent increase; this week it has gained almost three percent. While Solana and Bitcoin witnessed declines in value, Ethereum price prediction stood out since more people bought using ETFs. With around 145,000 ETH coming in, this money clearly shows great future interest in Ethereum.

Additionally seeing a significant influx of $1.1 billion in stablecoins, money linked to actual currencies, is Ethereum. Because of this inflow, Ethereum is becoming preferred among other blockchains by investors. With many monitoring Ethereum price prediction patterns, experts believe this might drive the currency higher. Should the price surpass $2,817, it may move toward $4,100, a level of difficulty surpassed in earlier times.

Remittix, a newer crypto, also shows promise in solving payment challenges with its fast, low-fee system. While Ethereum remains a leader, Remittix could become a strong player in digital finance.

For now, Ethereum price prediction reports suggest ETH could stay strong. However, if it falls, support is expected to be near $2,550. With growing investments and rising interest, Ethereum’s future looks brighter, and it may continue to lead the way in the crypto world.

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20 02, 2025

Binance Coin (BNB) Price Prediction for February 18

By |2025-02-20T00:21:19+02:00February 20, 2025|Crypto News, News|0 Comments

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19 02, 2025

Here’s How This Could Affect Price

By |2025-02-19T22:20:04+02:00February 19, 2025|Crypto News, News|0 Comments

Open interest in Dogecoin and Shiba Inu futures has plunged significantly amid a broader trend across the meme coin sector. 

According to a report from blockchain analytics firm Glassnode, futures OI for these assets has seen a sharp downturn. This decline comes amid ongoing price struggles in the market, with meme coins facing declines.

Dogecoin Open Interest Takes a Major Hit

Dogecoin, the largest meme coin by market cap, experienced a 58.45% drop in its futures open interest. The metric fell from $3.58 billion on December 9, 2024, to just $1.49 billion. Notably, this contraction in OI indicates that traders are either exiting leveraged positions or becoming less confident in speculative trading.

For context, a reduction in open interest like this often suggests lower volatility in the short term, but it can also imply a potential market reset. When speculative interest declines, the likelihood of large, unexpected price swings drops. 

Shiba Inu and Other Meme coins Follow Suit

According to Glassnode, Shiba Inu also saw a substantial decline in open interest, dropping 74.41% from $323 million to $83 million. Meanwhile, PEPE, BONK, and WIF recorded 71.93%, 75.10%, and 69.83% drops, respectively. FLOKI also saw a significant contraction of over 69.18%.

Notably, the widespread nature of this crash indicates that traders are now shifting away from speculative meme coin trades, possibly in response to broader market conditions and recent issues regarding pump-and-dump meme schemes like LIBRA and ELIZA.

Price Implications

Typically, a sharp reduction in futures OI can indicate either a market bottom or a sign of waning investor confidence. As leverage drops, price action could become more stable in the short term. 

However, it also means that less speculative capital is flowing into these meme coins, which could slow down any significant recovery rallies.

Particularly, in the case of Dogecoin and Shiba Inu, the current OI drop may lead to reduced price volatility. If traders regain confidence and start building positions again, it could trigger renewed upward momentum. 

Dogecoin Price Analysis

Despite the downturn in open interest, some analysts remain optimistic about Dogecoin’s future price movements. Crypto market analyst Crypto Rachel suggests that Dogecoin is currently at an oversold level, reminiscent of past market bottoms. 

According to her, meme coin sentiment has reached peak fear, which historically precedes a strong recovery. She believes that Dogecoin could see a sharp price rebound, potentially reaching new highs for the year. 

Another analyst, Captain Parabolic, argued that Dogecoin could see a significant price surge over the next couple of years, with a bold prediction that the asset could reach $6 by 2026. 

Dogecoin 1D Chart Captain Parabolic
Dogecoin 1D Chart | Captain Parabolic

Shiba Inu Price Outlook

For Shiba Inu, market analysts are also predicting an upside potential if key support levels hold. Rose Premium Signals, a market analytical channel, noted that Shiba Inu is currently bouncing off a crucial accumulation zone. 

As long as this support level remains intact, the analyst expects a strong upward move. Further, the channel has identified multiple price targets for SHIB, ranging from $0.00002338 to $0.00003659. 

Additionally, market analyst CW noted that a major sell wall exists at $0.0000225. According to his analysis, Shiba Inu is expected to experience a smooth uptrend until reaching this resistance. In the short term, he maintains a target of $0.00004, indicating potential for further price appreciation if momentum builds.

Shiba Inu 1D Chart CWShiba Inu 1D Chart CW
Shiba Inu 1D Chart | CW

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



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19 02, 2025

ADA Targets $1.50 As Founder Reveals Secret VIP Meeting, This $0.06 Altcoin Is Targeting $5

By |2025-02-19T20:19:04+02:00February 19, 2025|Crypto News, News|0 Comments

Another altcoin is generating waves with practical usage while everyone is fixated on the Cardano price prediction and arguing if ADA can approach $5. Cardano is working on incremental but consistent updates, whereas this growing crypto is already addressing one of the main issues in the digital payment field, quickly turning digital assets into spendable currency seamlessly across borders. Offering exponential growth potential long before ADA reaches its next significant milestone, this could be the best coin to purchase today given fast acceptance, a thriving ecosystem, and a clear use case.

Cardano Price Prediction: Can ADA Reach $5 or Is It Just a Dream?

Though Cardano has had a bad run recently, many investors still see its long-term promise. Staking rewards of roughly 4–6% and certain governance enhancements, its road map emphasizes consistent development. Trading data, however, indicates that Cardano’s monthly activity has not picked up sufficient to indicate a significant comeback. According to Alicharts, Cardano is consolidated within an ascending triangle, ready for a breakout, but confirmation is key.

Still, getting $5 is a far more difficult task. Cardano would need flawless market conditions and effective improvements to reach that level. While some individuals think it’s feasible, others worry Cardano’s gradual growth could drive off investors seeking rapid returns. 

Cardano must present easily navigable features faster if it is to draw significant funding. The ambition of ADA reaching $5 could remain unachievable for now. Still, some analysts believe that Cardano’s emphasis on security and research-based expansion might pay off over time even if the general economy recovers.

Recent trade data points to certain big investors who still purchase ADA out of belief in its future. But for the Cardano price prediction to surpass $5, it will take more than just usual DeFi expansion; it will call for large corporations to embrace the network and a vibrant development community.

Remittix (RTX): The Best Coin to Buy Now with 10x Potential 

Remittix (RTX) is addressing one of the main issues in cryptocurrencies turning digital coins into actual cash while many crypto enthusiasts are occupied observing the Cardano price prediction and wondering if ADA will rise or decline. Remittix makes it quick and simple while many others find it difficult to turn their cryptocurrency into money they can really spend. You can swap your cryptocurrency for local money and have it in your bank account hassle-free instead of waiting days or handling difficult banking concerns.

For those without access to conventional banks in particular, this is revolutionary. Although many utilize mobile wallets and digital payments, the World Bank notes that 1.4 billion adults lack a bank account. Remittix provides these folks with a means of accepting crypto payments and turning them into cash free from a bank. For millions of people left out, it is creating financial prospects.

Remittix is meant to revolutionize payments, not only another crypto endeavor. RTX is meant for actual use unlike other tokens that concentrate on speculation. It is a key rival to established payment systems as Stripe, Wise, and even large crypto exchanges since it lets users quickly, safely, and economically turn over over forty cryptocurrencies into cash. RTX is now valued at $0.0628, and early investors could see significant gains given the presale brings more than $12.3 million. For individuals seeking significant potential gains, Remittix may be the best coin to invest today.

Remittix is laying a future whereby sending money anywhere is as easy as sending a text as it grows its PayFi ecosystem. Another great utility is their Pay API, which lets companies instantly settle in fiat money while accepting bitcoin payments. More users and investors seeking a flawless approach to use cryptocurrencies in daily life could follow from this.

Remittix is all about rapid, practical acceptance, unlike other cryptocurrencies concentrated on long-term expansion. Especially with the correct alliances, its capacity to solve real payment problems using blockchain technology could result in explosive development. Remittix has explosive potential while some investors view the Cardano price prediction looking for consistent increases. RTX could be the best coin you want to buy right now since it offers a useful solution for crypto payments in addition to expected large returns.

Discover the future of PayFi with Remittix by checking out their presale here:

Website:https://remittix.io/

Socials: https://linktr.ee/remittix

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19 02, 2025

XRP Price Prediction for February 19

By |2025-02-19T18:18:00+02:00February 19, 2025|Crypto News, News|0 Comments

The crypto market is mainly red, however, there are some exceptions to the rule, according to CoinStats.

XRP chart by CoinStats

XRP/USD

The price of XRP has increased by 0.22% since yesterday.

Article image
Image by TradingView

On the hourly chart, the rate of XRP is in the middle of the narrow channel, between the support of $2.5192 and the resistance of $2.6322. As most of the daily ATR has passed, there are low chances of seeing sharp moves by tomorrow.

Article image
Image by TradingView

On the longer time frame, the situation is similar to the local chart. Neither bulls nor bears are dominating, which means traders are unlikely to witness ups or downs in the near term.

Article image
Image by TradingView

From the midterm point of view, one should focus on the bar’s closure in terms of the previous candle high. 

Related

Ethereum (ETH) Price Prediction for February 18

If it happens above $2.80 and with no long wick, the rise may continue to the vital zone of $3.

XRP is trading at $2.5978 at press time.

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19 02, 2025

Can SOL Bounce Back Towards $300 Or Will The RTX Rotation Continue?

By |2025-02-19T16:17:19+02:00February 19, 2025|Crypto News, News|0 Comments

The Solana price prediction has been on a wild ride, facing both strong momentum and market corrections. After breaking key levels, many investors are now wondering if SOL can make a push toward $300 or if the ongoing Remittix (RTX) ICO will keep dragging it down. Solana’s growing adoption and network upgrades have fueled optimism, but market conditions remain unpredictable. With analysts split on whether SOL can recover or if selling pressure will persist, all eyes are on the Remittix (RTX) presale. Will the next Solana price prediction be positive or is this just the beginning of a larger shift in investor sentiment?

Solana Price Prediction for March Look Positive

Solana is attracting headlines and rightly so. Big money is paying attention, with Franklin Templeton recently launching its $1.5 trillion AUM fund, FOBXX, onto the Solana blockchain. It shows Solana”s increasing influence within the financial industry and ability to help large investment money.

The Solana price prediction has been unpredictable. It slipped below $200 but recently returned above $190. Analysts differ on exactly where it is heading next. Some tend to be optimistic with their Solana price prediction of $212 by March 2025. Others are more conservative and see a dip to the $150-$160 region owing to market volatility and regulatory uncertainty.

Despite these differing opinions, there’s a sense that Solana is setting the stage for something bigger. The market has been a rollercoaster, but the progress Solana is making suggests that its best days may still be ahead.

Remittix: A New Era for Global Money Transfers

The Remittix (RTX) presale gives early investors a chance to buy at a lower price before the token launches publicly. This early access allows them to benefit from potential price growth while supporting the project’s development. The presale phase is designed to attract long-term holders who believe in the future of blockchain-powered remittances.

Remittix aims to change how people send money across borders. Traditional remittance services are slow, expensive and full of hidden fees. Remittix uses blockchain to fix these problems. Transactions are real-time with less costs and better security. People can send and receive cash without the typical delays.

The Remittix token is a crucial component of the ecosystem. It serves for transactions, staking and governance. Token holders can stake their wealth to earn rewards. They are able to also vote on matters which impact the platform’s future. Holding the token comes with benefits, including lower transaction fees and passive income. Since the supply reduces over time, scarcity increases, making it more valuable in the long run.

Beyond being a cryptocurrency, Remittix is a movement toward better financial access. It removes middlemen, making money transfers faster and fairer. More people can now send funds easily without the extra costs. While investors await a new Solana price prediction, Remittix will continue to expand, creating a more efficient and inclusive financial system for users worldwide.

Be Part of the Remittix Revolution

The Remittix presale is live, giving early supporters a unique chance to buy before the token goes public. This is the best time to get in at the lowest price and secure your position in a project built for the future of global payments. So far, over $12.2 million has been raised with 464 million tokens already sold. Demand is growing fast and the supply is limited.

Don’t miss out on this opportunity. Join thousands of early adopters who believe in a faster, cheaper and smarter way to send money.

Join the PayFi revolution with Remittix:

Website: https://remittix.io/

Socials: https://linktr.ee/remittix

 

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19 02, 2025

Which Top Altcoin Will Hit $2 In 2025 – Remittix Or Dogecoin?

By |2025-02-19T14:16:11+02:00February 19, 2025|Crypto News, News|0 Comments

DogeCoin has long dominated meme-coin headlines, but a new contender Remittix’s RTX is now in the limelight. Investors are weighing which of these two tokens can realistically hit $2 by 2025. With DogeCoin trading near $0.27 and Remittix priced at $0.0628, both boast strong communities and ongoing upgrades. Yet their paths to mainstream success couldn’t be more different.

DOGE Price Prediction: Could $2 Be On The Horizon?

Over the past few months, DOGE Price Prediction chatter has centered on the possibility of DogeCoin soaring back to its former glory. Some analysts say a near-term milestone of $1.35 could occur by mid-April, pointing to Bitcoin’s rally above $57,000 and record-high transaction volumes for DOGE. According to Master Kenobi on X(formerly known as Twitter), DogeCoin might gain 400% from current levels within 70 days.

Dogecoin Price Prediction

This surge in DOGE Price Prediction stems from historical patterns: meme coins often track Bitcoin’s rallies, riding the market wave to new highs. Past bull markets saw DOGE rocket from $0.05 to $0.74 in just a few months. Though it’s unlikely the same exact scenario will repeat, supportive investor sentiment and robust trading volumes suggest DOGE still has fuel left. If it can surpass resistance zones around $0.30 and $0.45, momentum could drive a bigger climb even edging toward $2 if broader conditions align favorably.

Remittix (RTX): A Potential Challenger For $2

While DOGE Price Prediction narratives revolve around big hype cycles, Remittix’s RTX token takes a more pragmatic approach. Priced at $0.0628, Remittix has already raised over $12.2 million in its presale and sold more than 462 million tokens. In contrast to meme-coin spontaneity, Remittix aims to revolutionize cross-border transfers by allowing users to send crypto that arrives as fiat in any global bank account. Whether you’re a freelancer in Southeast Asia billing a European client or an entrepreneur navigating multiple currencies, Remittix streamlines what used to be slow and costly.

Remittix’s so-called “PayFi” model resonates with a vast, unmet demand in developing nations and bustling metropolitan hubs alike. The locked liquidity pool and three-year team token lock-in further bolster credibility, calming fears of a quick exit by key stakeholders. Investors eye a trillion-dollar remittance market, especially as digital adoption accelerates worldwide. Should Remittix garner significant traction among businesses and individuals, the RTX token might catapult to $2 and beyond, mirroring DOGE’s earlier meteoric runs but backed by tangible real-world use.

Who Wins Between DOGE And Remittix?

Both DOGE and Remittix have compelling stories, albeit for different reasons. DOGE Price Prediction chatter hinges on market momentum, historical patterns and community-driven hype. If it does clear critical resistance levels, it may well be on its way to $2 by 2025. Meanwhile, Remittix’s game plan centers on solving real pain points in the cross-border payments industry, underpinned by robust tokenomics and a transparent roadmap.

Whether you believe hype will propel DogeCoin to new heights or trust Remittix’s practical utility to secure a lasting market share, the race to $2 is on. Each token reflects contrasting visions for crypto’s future, one powered by meme culture, the other by tangible remittance solutions. In the end, success may come down to which model proves more appealing: the viral, community-first approach of DOGE or the service-driven, global-minded strategy of Remittix.

Intrigued by Remittix’s PayFi potential and wondering if RTX might outpace meme coins on the road to $2? Explore Remittix today to see if practical cross-border innovation could redefine the altcoin landscape!
Website: https://remittix.io/
Socials: https://linktr.ee/remittix

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19 02, 2025

Key Levels to Watch for Future Moves

By |2025-02-19T12:15:12+02:00February 19, 2025|Crypto News, News|0 Comments

The Cardano (ADA) market is currently facing significant price pressure, leaving traders and investors wondering what comes next. The cryptocurrency, which has experienced a sharp decline in recent weeks, is showing signs of a bearish structure, and the road ahead could be bumpy. As the digital asset approaches key support zones, market analysts are closely monitoring whether these levels will hold or whether ADA will continue its downward trend.

The Current Price Action and Market Sentiment

At the time of writing, Cardano’s price has been tumbling rapidly, with the ADA token recently testing critical support levels. A series of lower highs and lower lows have characterized its price movement since a bullish rally in November. The last significant price drop occurred in January when ADA peaked at $1.13 before a sharp decline took it to as low as $0.845. From there, the price has failed to recover, and the overall market sentiment for Cardano has leaned toward the bearish side.

This decline has brought the price closer to the $0.68 level, which has become a crucial support point for the asset. A failure to maintain this level could indicate further downside pressure for ADA, potentially bringing the price closer to the $0.6 range in the coming weeks.

Key Support and Resistance Levels to Watch

ADA traders are now focusing on key price levels that will determine the next move for the cryptocurrency. According to recent analysis, the $0.68-$0.81 range could form a critical range for ADA in the near future. If Cardano can stabilize within this range, it may form a temporary price consolidation, but if the price fails to hold above these levels, further downside could be on the horizon.

The volume profile chart reveals that the $0.74 level and the $0.59 level are key points where significant price action has occurred in the past. These levels are considered high-volume nodes, which suggests that they could act as important areas of support or resistance. ADA has previously found some support near the $0.74 level, but it remains to be seen whether this will be the case once again.

The $0.82-$0.88 Supply Zone

An additional factor influencing ADA’s future price movements is the supply zone between $0.82 and $0.88. This zone has been a point of resistance for Cardano in recent times, and traders are watching closely to see if the price can break through this area. However, given the current bearish structure and the lack of significant bullish momentum, it’s likely that ADA will continue to struggle in this zone.

What’s Next for Cardano?

As Cardano’s price continues to battle the $0.68-$0.81 range, traders should remain cautious. A brief bounce from these levels is possible, but with the overall market sentiment leaning bearish, the chances of a strong recovery seem slim at the moment.

However, some short-term bullish signs have emerged in lower timeframes. A quick price bounce from the $0.68 support level has provided a glimmer of hope for bulls. This was accompanied by ADA moving beyond the $0.74 high-volume node, suggesting that there might be some accumulation taking place at these lower levels. Despite this, the dominant bearish momentum, as indicated by the Awesome Oscillator, is still in play, although it has weakened slightly over the past week.

The Role of the Cardano ETF Decision

Another critical factor that could impact ADA’s price in the short term is the impending decision on a potential Cardano Spot ETF. The deadline for this decision is set for March 27, 2025, and it is likely to have significant implications for Cardano’s future price action. Many traders are speculating whether recent whale movements in Cardano’s token supply could be a sign of accumulation before the ETF decision. Alternatively, these moves could simply be the distribution of assets ahead of the decision, with market participants trying to position themselves accordingly.

Potential for a Range Formation

At present, the Cardano market is at a crossroads. If ADA can stabilize above the $0.68 level, there is potential for a range to form between $0.68 and $0.81, which could provide a period of consolidation before any further significant moves. This formation might take a few weeks to fully materialize, so patience will be key for traders watching for signs of trend reversal.

If the range forms, it could provide an opportunity for bulls to push the price higher, but the momentum would need to shift decisively to the upside. On the other hand, if ADA fails to hold above $0.68, the downtrend may accelerate, and the price could test lower levels in the near future.

Final Thoughts

In conclusion, Cardano’s (ADA) price is at a critical juncture. The $0.68 support level is being closely watched, and whether it holds or not will play a key role in determining ADA’s next move. Traders are advised to remain vigilant as the market sentiment remains bearish, though some short-term recovery could be possible. The upcoming Cardano ETF decision may also introduce volatility and could act as a catalyst for future price movements.

For now, the prediction remains a continued downtrend for Cardano, but the formation of a price range between $0.68 and $0.81 could offer some brief relief. Ultimately, ADA’s ability to maintain key support levels and shift its momentum will be the deciding factor in the weeks to come.


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