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Cardano price prediction hype is everywhere, but many investors remain cautious about which top crypto to trust. There’s a buzz in the market surrounding Cardano and a newcomer called Rollblock. Both aim to break barriers in blockchain technology, and speculation abounds over which will deliver a lasting impact.
Recent upgrades have fueled optimism, but not everyone believes old players will outshine fresh contenders. Rollblock’s unique approach has piqued interest, leaving many eager to discover what sets it apart from more established tokens.
Rollblock stands out as a trailblazing GambleFi platform on Ethereum, offering a blockchain-based play-to-earn online casino. Its ecosystem supports over 7,000 digital and live casino games alongside sports betting markets. Powered by Ethereum-backed smart contracts, Rollblock ensures fairness, security, and reliable payouts.
The presale raised $10.9 million, with the $RBLK token priced at $0.061 to provide maximum value for early participants. Analysts praise it for its real-world utility and strong DeFi alignment, expecting bigger returns in the near future.
Every $RBLK holder reaps weekly dividends drawn from a portion of the casino’s profits. Robust staking also entices investors, with APYs up to 30% for those who lock tokens long-term.
Also, Rollblock employs frequent buybacks and burns to bolster scarcity and create upward price momentum. Specifically, 60% of repurchased tokens are permanently removed from circulation, while 40% are redistributed to stakers.
This cyclical model rewards loyal holders and fosters ongoing growth. Having sold presale tokens at a relatively low cost, Rollblock positions itself as a prime opportunity for those seeking substantial gains.
Over a single day in early March, ADA soared around 60-70%, climbing from roughly $0.64 to about $1.19. This move showcased how flexible ADA can be when major announcements hit the market.
Observers note that flipping the $1.00 mark into support was essential for maintaining bullish momentum. In fact, veteran chartist Peter Brandt highlighted a double bottom forming over the past year, pointing to a grand rally.

Source: Cointelegraph
Since then, the ADA community has celebrated high throughput breakthroughs like Hydra. Many developers are drawn to Cardano for its scalability, as evidenced by approximately 1,985 ongoing projects.

Some analysts foresee another leg up if the network keeps shipping upgrades. Rumors even swirled that a 47.6% jump happened after a high-profile endorsement.

Source: https://twitter.com/Cointelegraph/status/1896682220342927821
Such momentum underscores ADA’s evolving narrative.
Though Cardano has made strides with Hydra scaling and Voltaire governance, some experts question whether these innovations alone will secure its future. Many point to fierce competition from Chainlink and Toncoin, which continue to refine their own ecosystems. Meanwhile, the daily usage of ADA remains subject to broader market sentiment, raising uncertainty about long-term adoption.
By contrast, Rollblock’s offering extends beyond traditional staking or simple utility. Its distinctive GambleFi model might capture retail and institutional interest faster than incremental protocol upgrades elsewhere.
For ADA to truly thrive, it may need more than high throughput and governance advances.
Despite Cardano’s impressive strides, many believe that Rollblock presents a more rewarding path for those who want tangible gains. ADA holders may see potential from ongoing network upgrades, yet Rollblock’s GambleFi model promises a different level of excitement.
Ultimately, every investor seeks the top crypto that will deliver real utility and growth. By offering unique features and robust incentives, Rollblock could easily overshadow ADA in the next big market surge.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io
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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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A new trend of whale investors buying Dogecoin (DOGE) in the last 72 hours is raising hopes for a price surge. While the Dogecoin price has not changed positively lately, these large investors have bought nearly 2 billion DOGE meme coins, which could mean they are preparing for a potential price increase.
According to analyst Ali (@ali_charts), the largest holders of Dogecoin ($DOGE) have purchased 1.7 billion DOGE, approximately $285 million, within the past 72 hours, suggesting strong conviction in the meme coin’s potential.
Whale activity of such scale typically precedes an imminent direction switch of the market as those large players usually accumulate before a price increase.
Historically, intense whale accumulation has presaged bullish price action for Dogecoin since fewer tokens are available for retail traders, reducing selling pressure.
If demand continues to rise, this can result in a supply shock, pushing DOGE’s price higher. However, if these whales are accumulating to dump at a better price, this can result in short-term volatility instead. Traders are now waiting for a breakout above significant resistance levels to confirm a bullish trend.
Nevertheless, the long-term outlook for the Dogecoin price is optimistic. The same analyst, Ali, pointed to a critical level for Dogecoin ($DOGE), observing that if the coin maintains support at $0.17, it will spark a massive rally.
Based on long-term trend channels, Ali’s analysis from March 8 indicates that a rebound from this level could push DOGE as high as $2.74—a massive gain of over 1,500% from its current price. This projection aligns with historical price movements, in which DOGE has respected similar trend lines in the past.
The chart shared by Ali suggests that the Dogecoin price is trading within an ascending parallel channel, a structure that has guided its price since 2015. The lower boundary of this channel, currently near $0.17, acts as strong support.
If DOGE continues to respect this trend, it could trigger a new bullish cycle, with Fibonacci extensions hinting at a long-term price target above $2. However, a breakdown below this support could invalidate the bullish outlook, leading to further downside.
At the time of writing, Dogecoin (DOGE) is changing hands for $0.1663, a drop of 13.89% in the last 24 hours and over 25% in the past week.
This decline comes as the global cryptocurrency market lost 4.49% of its value in one day. Bitcoin (BTC) and other major altcoins have also seen significant losses over the past 24 hours, with Bitcoin currently trading at $82,900.
READ MORE: Pi Network Price Loses Key Support: Can Pi Coin Crash 50%?
The ADA crypto market is buzzing with speculation as analysts predict a potential rally for Cardano (ADA) to reach the coveted $2 mark.
According to crypto analyst Ali Martinez, ADA is forming a right-angled descending broadening wedge pattern. If ADA coin price manages to close above the key resistance level of $1.14, it could spark a significant bullish surge.
As of now, the ADA crypto price is experiencing a slight retreat, trading around $0.83 after a 3% decline over the past 24 hours. However, despite short-term fluctuations, market sentiment remains optimistic, with traders closely watching for a breakout.
Several analysts are weighing in on the potential breakout of the ADA altcoin. Rose Premium Signals, a well-known market expert, pointed out that the ADA coin chart suggests the price is consolidating within a descending channel. With ADA coin value hovering near a key resistance level, a breakout could propel ADA crypto price today to short-term targets of $1.30 and $1.40.
Crypto analyst Ali Martinez (@ali_charts) has outlined how Cardano (ADA) could ignite a bull rally toward the $2 mark. Source: Ali via X
Additionally, analyst Coinvo noted that Trump’s announcement on ADA has triggered heightened speculation that the crypto coin ADA may soon witness parabolic growth. If the overall ADA market aligns with bullish projections, a run toward $2 seems increasingly plausible.
One of the major drivers of this rising interest in Cardano news is the speculation surrounding the U.S. government’s planned crypto reserve. Former U.S. President Donald Trump signed an executive order last week to establish a Bitcoin strategic reserve, which has brought hopes that some of the altcoins, including ADA coin, would be added to a separate digital stockpile. If ADA blockchain is added, it would boost investor confidence and push the ADA coin price chart higher.

Cardano (ADA) was trading at around $0.83, down 2.95% in the last 24 hours at press time. Source: Brave New Coin
Adding to the upbeat sentiment yet again, the U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s Spot Cardano ETF filing.
Despite current price corrections, technical indicators provide mixed signals for ADA coin buy enthusiasts. The MACD and signal lines hint at a potential bearish crossover, while the daily RSI reflects a decline in bullish momentum. If a pullback continues, ADA current price could revisit the $0.73 support zone before resuming its upward trajectory.

Cardano is consolidating within a descending channel with potential breakout targets at $1.30 and $1.50. Source: VIPRoseTr via X
Nevertheless, historical ADA coin prices in USD trends suggest that a confirmed breakout above $1.14 could swiftly push ADA crypto to USD valuations closer to the anticipated $2 milestone.

ADA needs to hold the $0.75-$0.80 support zone and break above $1.30 to unlock further bullish potential. Source: VIPRoseTr via X
With multiple factors at play, including technical formations, regulatory developments, and the looming crypto stockpile, ADA news today remains highly dynamic. If market conditions favor ADA USD crypto and key resistance levels are breached, ADA token price could be on track for a significant rally. Investors and traders alike continue to monitor the ADA crypto chart for signs of a breakout that could make ADA USD price a headline-worthy development in the coming weeks.
XRP has been at the center of bullish speculation in recent weeks, with analysts pointing to historical trends that suggest a major price surge could be on the horizon.
The latest XRP news indicates growing optimism among traders and investors.
Popular crypto market analyst Egrag Crypto has set ambitious XRP price targets, forecasting a potential 718% rally that could see the asset reach $27. This bold projection is rooted in Ripple XRP news and historical price movements, particularly its breakout performance during the 2017-2018 bull cycle.
While past performance is never a guarantee of future results, market cycles often show patterns that traders and analysts use to forecast potential price action. Egrag Crypto notes that if XRP USD mirrors its previous rally, it could first aim for $9.7 before targeting the more ambitious $27 level.
For the price of XRP to justify such a large move, it must first break through significant resistance levels. The asset is currently facing notable roadblocks at $2.62 and $3.00, with $3.40 being a significant one. The level is the local top of the current bull cycle, and a breakout above it could be the harbinger of a more prolonged rally.
If XRP replicates its 718% surge from the 2017-2018 bull run, a breakout from the $3.4 local top could propel it to $27. Source: EGRAG CRYPTO via X
Other than technical analysis, underlying market fundamentals will also drive Ripple price action. Increased buying pressure, institutional buying, and regulatory clarity are some of the factors that will drive Ripple cryptocurrency higher. Significantly, the ongoing XRP SEC lawsuit against Ripple continues to be a gigantic overhang, although there is speculation that an end is nigh.
Egrag Crypto is not alone in his bullish stance. Other market analysts, such as Dark Defender and JAVON MARKS, have also highlighted Ripple market strength. Dark Defender recently noted that Ripple ledger broke a multi-year resistance line in late 2024, a historically bullish signal.

XRP has broken multi-year resistance, confirmed new support, and remains bullish, making it the strongest setup seen yet. Source: Dark Defender via X
“I’ve never seen XRP more bullish than this before,” Dark Defender stated, emphasizing that past resistance levels are now acting as support. This shift in market structure suggests a potential breakout in the coming months.

XRP price must break the $3 psychological resistance to hit a new ATH. Source: Dark Defender via X
Meanwhile, JAVON MARKS pointed out that Ripple crypto price action resembles its 2017 pattern, which preceded an explosive rally. “If history repeats, we could see a bull run greater than many expect,” Marks commented.
Adding to the bullish case, whale activity around Ripple has been rising significantly. Crypto analyst Ali Martinez recently observed that large XRP transactions have surged, with nearly $6 billion worth of the asset being moved by whales in recent weeks. While large transactions can signal either buy or sell XRP pressure, increased whale activity often indicates heightened interest from institutional investors.
Additionally, the broader Ripple news sentiment remains optimistic despite recent price volatility. Reports indicate that the XRP price is consolidating within a symmetrical triangle pattern, a technical setup that often precedes major breakouts. Analyst CasiTrades highlighted that Ripple is testing the $2.54 resistance level, with a breakout above this range potentially triggering further gains toward $2.70 and $3.05.
One of the biggest overhangs looming over SEC Ripple is its ongoing court struggle with the U.S. Securities and Exchange Commission (SEC). The Ripple case, which began in 2020, has been one of the main sources of price suppression. However, recent gossip has speculated that the case is finally coming to a close.
Anthony Scaramucci, the creator of SkyBridge Capital, has recently indicated that the SEC may have quietly dropped its case against Ripple. While no confirmation is available, a favorable result could be a good bullish catalyst for Ripple Bank of America and other institutional partnerships.
Another cause of positive sentiment is the potential for an XRP exchange-traded fund (ETF). While still in the hypothetical realm, a Ripple ETF would bring greater market accessibility and institutional adoption, and could lead to a significant Ripple currency price boost.
Despite ambitious predictions, achieving a Ripple price USD of $27 would require an unprecedented market capitalization surge. With Ripple dollar valuation currently under $140 billion, reaching such levels would necessitate a valuation of over $1.5 trillion. While not impossible, this would require a combination of bullish market conditions, increased adoption, and a favorable regulatory environment.

XRP was trading at around $2.33, down 5.89% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin
In the short term, XRP price prediction hinges on breaking key resistance levels. Investors must beware because increasing open interest in XRP futures reflects increasing volatility. CryptoQuant has recently warned that Ripple cryptocurrency rally has been powered by leveraged positions, which implies explosive price movements are looming.
Although the possibility of a parabolic move exists, traders need to manage risk and consider market conditions before they choose to invest. As history suggests, Ripple market has the potential for explosive moves—but whether it reaches $27 remains to be seen.
Solana (SOL) has a price formation pattern that indicates that it may be primed for a substantial price increase soon. In the recent X post, Martinez highlighted an indication given out by the TD Sequential on the 4-day chart. This signal is referred to as a strong trend, which is generally associated with bulls. The pattern here suggests that after consolidation, Solana may soon experience an uptrend.
The technical analysis indicates a downward trend leading up to the buy signal. The candle structure also highlights a black candle sticks which symbolise that it was a period of bear phase. However, as the TD Sequential indicators get to the buy signal, then this may be the end of the downtrend therefore the beginning of the uptrend. The main focus here is made to the “9” on the chart, which is a familiar spike that indicates possible reversal levels.
The price level also correlates closely with a significant price of approximately $137.62. This price level has emerged as a crucial levels of interest in the past and the chart clearly depicts that after touching lower levels, Solana is now on the recovery mode. Market participants are keen to see if the price will break through this area as it gets closer to it. Any further rise higher than this level could possibly turn the force to buy higher thus confirming the possibility of higher stock prices.
According to Martinez, sustaining above the 137.62 level may lead to a more pronounced uptrend on Solana’s chart. The current price movement corresponds to the previous point indicating that SOL is likely to experience an uptrend in the next few days. As of press time, SOL is trading at $136.86, showing a 1.23% decline over the past day.
Source: TradingView
Nevertheless, they should keep an eye on significant aspects that may hinder the continuation of this rally. Volume and market sentiment will determine if this price bounce is sustainable. If volume subscribes to the upburst, then it will cause further buying pressure. However, there is no charges to indicate that this trend will be permanent; it may reduce and may also shift to the opposite.
Solana is in the process of forming a bullish pattern after the formation of a TD Sequential buy signal which can be associated with a bullish divergence on the chart. The possibilities of experiencing a powerful upward movement for the token may be expected if the price remains above the support level. However traders should be on the look out for a confirmation of such a trend since it has been observed more in interday times.
Crypto analyst EWT has made a bullish case for the Dogecoin price, predicting it could rally to as high as $8.5. His analysis explained why the foremost meme coin could reach such an ambitious price target.
In an X post, EWT predicted that the Dogecoin price could rally to $8.5. This prediction followed his analysis of DOGE’s daily chart, in which he claimed that the current price action shows that the meme coin is in a 1 to 2 subwave set-up, which increases the likelihood of a rally to $6. His accompanying chart showed that Dogecoin could correct to as low as $1.2 once it hits $6.
Following the corrective move to $1.2 in wave 4, Dogecoin would witness another impulsive move to the upside, which would send it to the $8.5 price target in Wave 5. The chart also suggested that the foremost meme coin could surpass the $8.5 price target and possibly reach double digits.

EWT had earlier told market participants to prepare for huge moves from the Dogecoin price this year while analyzing the meme coin on the higher timeframe. Back then, his accompanying chart showed that DOGE could reach $20 or even $45 if it got to the upper boundary of the ascending channel.
These targets hint that DOGE’s bull run isn’t over, seeing as the Dogecoin price could still reach a new all-time high (ATH) in this market cycle. The foremost meme coin is currently struggling to reclaim the psychological $0.2 level as support. However, crypto analysts like Trader Tardigrade have predicted that a bullish reversal could happen soon enough, sending the meme coin to new highs.
Crypto analyst DOGECAPITAL has also predicted that the Dogecoin price could rally above $10 in this market cycle. His latest analysis noted that DOGE’s weekly candle continues to hold above the same parallel line level, mirroring its behavior during the 2017 and 2021 cycles. The analyst remarked that once the meme coin’s bottom is fully confirmed, the second phase is expected to begin, marking a dramatic surge as Dogecoin moves toward the range between $2 and $5.
DOGECAPITAL stated that his target for phase 3 is the parallel red zone, which mirrors previous cycles where the Dogecoin price reached its peak before starting a new cycle. He noted that as of today, the bottom of that red zone sits at $26 and is gradually increasing over time due to the slope of the line. The analyst asserted that this represents his minimum target for this cycle.
At the time of writing, the Dogecoin price is trading at around $0.19, down in the last 24 hours, according to data from CoinMarketCap.
Featured image from Unsplash, chart from Tradingview.com
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While traditional altcoins like Cardano grapple with the recent market downturn, Rollblock’s breakout continues to raise eyebrows in the altcoin space, as its strong performance signals a shift in market trends.
With their potential to alter the current landscape, many investors are paying more attention to promising projects with low market cap entries. This article explains why thousands are swapping their ADA tokens for RBLK, and what investors can expect in the coming months.
The $540 billion gambling industry has been proven to be notorious for issues like fraud and lack of accountability. However, for a project that only recently made its debut in the global crypto market, Rollblock is rewriting this story by addressing these problems and building trust through transparency.
Unlike traditional casinos, Rollblock operates with full transparency, breaking away from the industry’s reputation for opacity. Powered by blockchain, it allows players to verify every transaction on-chain, ensuring their bets remain untouched and legitimate. Moreover, the platform employs blockchain verification to prevent fraud, ensuring fair outcomes.
Rollblock has something for everyone as its platform offers over 7,000 exciting games, from poker and Monopoly to slots and sports betting. Transactions are processed quickly, removing delays common in traditional gambling platforms, and smart contracts govern payouts, reducing reliance on centralized entities.
By bridging DeFi and online gaming, creating new opportunities for users looking to earn while playing, too. Rollblock has also introduced a sustainable revenue-sharing model. Instead of passive holding, token holders receive up to 30% of weekly revenue, with 40% redistributed as staking rewards to holders, while the remaining 60% are burned to drive scarcity and strengthen long-term value.
Many established altcoins operate in regulatory gray areas, but Rollblock’s transparency is clearly appealing to risk-averse investors. Ultimately, Rollblock’s breakout signals a shift in crypto utility. By merging revenue-driven incentives with an engaging platform, it disrupts conventional altcoin narratives, setting a new standard for token-backed ecosystems.
Since December 2024, there’s been a gradual decline in ADA’s value and market cap. Between January and March 2025, Cardano has plummeted from $1.13 to $0.92. March’s figure would be lower if not for the recent announcement of a plan to implement a crypto strategic reserve consisting of ADA, XRP, ETH, SOL, and BTC.
Despite all these challenges, there are still some analysts who are optimistic about ADA’s future performance. Projections suggest a potential price increase of 16.53%, which would encourage ADA to initiate a bullish turnaround such as analyst CobraVanguard predicted on February 26. However, it’s important to note that these predictions depend on market conditions and the potential US crypto reserve.
Failure to maintain key support levels could lead to a further decline, potentially bringing the ADA price closer to $0.8. Investors are advised to monitor these developments closely, considering the nature of the crypto market. While there is always room for a reversal, the current trend is a reminder of the importance of prudent and research-driven investments.
As ADA faces increased selling pressure, Rollblock is gaining momentum thanks to its innovative and transparent GambleFi model. With passive income opportunities, RBLK is attracting high-value investors ahead of the next bull run. In the meantime, there’s still an opportunity to join the presale and purchase RBLK tokens for just $0.06.
And the best part? Rollblock currently has a limited-time special bonus offer on purchases. For a limited period, Rollblock March bonus if you refer a friend tokens will be available to you and your friend with a 30% bonus, providing an excellent opportunity to acquire RLBK.
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For the past four months, XRP (XRP -1.61%) has easily been one of the top performers in the crypto market. Over that time period, XRP is up a staggering 400% and was recently trading around $2.50.
But the best may be yet to come. XRP holders may soon get some fantastic news about an important Securities and Exchange Commission (SEC) lawsuit that has dragged on for more than four years now. If the case is finally dismissed, XRP could soar in value.
If you haven’t been following the long, drawn-out legal proceedings involving XRP, Ripple (the company behind the XRP token), and the SEC, consider yourself lucky. The case, which started in December 2020, has taken so many twists and turns that it has been almost impossible to keep up. Just when the case seems to be over, it somehow extends even longer.
Image source: Getty Images.
At its core, the lawsuit comes down to a single question: Is XRP a security or a commodity? And, believe it or not, to answer that question, the courts are using a legal precedent (known as the Howey Test) from a 1946 Supreme Court case involving a company selling Florida orange groves. That might help to explain why the case has dragged on so long: If you think comparing apples to oranges is difficult, what about comparing cryptos to oranges?
The good news is that it looks like a final decision is coming between now and April 16, which is the next anticipated court date for the case. After more than four years of countless legal back-and-forth, we might have a final resolution. And there’s nothing the market likes better than certainty.
Thus far in 2025, the SEC has already dismissed several high-profile crypto lawsuits. But after filing an appeal in January, it has been strangely silent about the one involving Ripple.
Given the clear pro-crypto emphasis of the Trump administration, the thinking now is that, whatever happens next, it will be in XRP’s favor. As hard as the SEC has been pressing its case, it simply doesn’t hold the right cards any more.
Even if the SEC finds a way to extend this case beyond April, the Trump administration has several important levers it can pull to end this once and for all. Some have speculated that Trump could send Elon Musk and DOGE to look into activity at the SEC. Or he might encourage the recently formed Senate Crypto Subcommittee to investigate the SEC for regulatory overreach. And if that doesn’t work, he might simply sign an executive order.
The sky’s the limit for how much higher XRP might go. In a best-case scenario that involves only the final resolution of the SEC court case, it’s possible that XRP could reclaim its all-time high of $3.84.
But let’s think bigger. XRP could be included as part of the new Crypto Strategic Reserve proposed by the Trump administration, so it’s easy to find price forecasts as high as $10 for XRP. In fact, some analysts think that XRP might eventually soar as high as $100 as long as the entire crypto market moves higher.
Moreover, there’s another factor that could send XRP higher: the launch of a new spot exchange-traded fund (ETF). The likelihood of XRP getting a spot ETF this year will be enhanced considerably if the regulatory cloud over Ripple and XRP lifts. The launch of a new spot ETF is key, because it ensures a fresh new influx of investor money into XRP.
Right now, Bloomberg projects the likelihood of a spot XRP ETF at 65%. That was based on the understanding that there’s no way the SEC would approve an ETF if there are still regulatory issues swirling around XRP. So if the SEC case gets resolved by April, it becomes highly likely that a spot ETF might arrive later this year.
What you need to know as an investor is that a very big catalyst is coming within the next 45 days, and it makes XRP very attractive as an investment target right now. So keep your powder dry. The lifting of the regulatory clouds over the crypto industry is creating plenty of new investment opportunities with significant upside potential.
The Cardano price was one of the major beneficiaries of the positive momentum injected into the market following US President Donald Trump’s announcement of a strategic crypto reserve. On Sunday, March 2, the altcoin surged by almost 60% in a couple of hours after the disclosure.
While the Cardano price has maintained a good percentage of the early-week gains, it has experienced a mild pullback over the past week. Interestingly, the current price setup suggests that the cryptocurrency may soon resume its upward trajectory and travel to new cycle highs.
In a March 7 video posted on the X platform, popular crypto analyst Ali Martinez revealed how ADA could enter a fresh bull rally to a new high in the current cycle. According to the crypto pundit, the ninth-largest cryptocurrency could still make a play for the $2 mark.
The rationale behind this bullish prediction is the formation of a right-angled, descending broadening wedge on the daily timeframe of the ADA price chart. A broadening formation is a technical analysis pattern typically marked by two diverging trendlines; an ascending upper trendline (connecting a series of higher highs) and a descending lower trendline (connecting lower lows).

Source: @ali_charts/X
However, as shown in the chart above, the broadening wedge pattern in the ADA daily chart specifically has a horizontal upper trendline (right-angled) and a falling lower trendline. In any case, this chart pattern is usually associated with a period of increasing price volatility (or significant price action).
While the broadening patterns are mostly bearish chart formations, they sometimes just signal rising volatility without a clear indication of the next price direction. Nonetheless, the current formation, which has persisted since December 2024, appears to be bullish for the Cardano price.
Martinez said the altcoin seems ready for a significant price move to the upside. However, the analyst noted that the ADA price would need to overcome the major resistance level (around $1.14) at the horizontal trendline before a bullish breakout can be confirmed.
If Cardano successfully breaches and closes above this resistance level, its price could more than double over the next few weeks. Martinez set the price target for ADA at $2, representing an over 140% surge from the current price point.
After surpassing $1.1 on the back of the strategic crypto reserve news earlier, the price of ADA has returned below $1. As of this writing, the Cardano price stands at around $0.82, reflecting an over 4% decline in the past 24 hours.
The price of ADA on the daily timeframe | Source: ADAUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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The XRP price performance has been one of the bright spots in the cryptocurrency market over the past seven days. With the crypto climate becoming more uncertain with each passing day, the XRP token has been the only large-cap asset exhibiting some level of relative stability.
While the altcoin has been moving mostly sideways in recent weeks, the current speculation is that the price of XRP could be on its way to a bullish breakout. The question is — how far can the third-largest cryptocurrency in its next leg up?
Can XRP Reclaim $3 In Next Move?
In a March 7 post on the social media platform X, popular crypto trader Ali Martinez put forward an interesting prognosis for the value of XRP over the next few days. Martinez revealed that the altcoin’s price appears to be ready for a significant 23% breakout to the upside.
The reasoning behind this bullish prediction is the appearance of a symmetrical triangle pattern on a short-term timeframe of the XRP chart. The symmetrical triangle is a technical analysis pattern characterized by a diagonal falling upper trendline (connecting the swing highs) and a diagonally rising lower trendline (along the price troughs).
Typically, symmetrical triangle formations are considered trend continuation patterns, implying that the asset’s price tends to continue in its initial trend direction before falling into the triangle pattern. While in the triangle pattern, the price moves — in a tapering fashion — towards the symmetrical triangle’s apex.
The price would eventually breach the falling (upper) trendline for a bullish breakout or break below the rising (lower) trendline forming a breakdown. While a trend reversal (I.e. the asset’s price breaks opposite its initial trend direction) is possible, the price is more likely to continue in the original trend direction after breaking out or down the current layout.
In the current XRP price setup, the altcoin looks likely to break out of the symmetrical triangle and continue its upward trend. However, it is important to wait for the close of at least two candlesticks above the upper trendline to confirm a bullish breakout.
Going by this logic, Martinez expects the price of XRP to surge to above $3 (about 23% growth from the current point) over the coming days. This price target was calculated by adding the length of the widest point of the symmetrical triangle (or base) to the breakout point.
XRP Price At A Glance
As of this writing, the XRP token is valued at $2.47, reflecting an over 5% price decline in the past 24 hours. Nevertheless, the altcoin’s performance on the weekly timeframe remains strong — at about 15% in the past seven days.