Why reports of the death of NFTs are greatly exaggerated

Toshiuki Otsuka, who founded a snap-to-earn platform, strongly opposed the narrative and argued that NFTs are "evolving."

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SUI Preparing For Another Leg Up Is $5 The Next Target?

After its breakout, SUI has been consolidating within a key range and has faced momentary resistance above the $4.00 level. Some analysts suggest that the cryptocurrencys next target sits near the $5.00 mark, as it could be repeating its all-time high (ATH) rally. Related Reading: Solana Rejected From Key Inflection Point, But Multi-Year Trend Suggests New Highs SUI Party On Pause SUI has seen an impressive 120% recovery from Aprils $1.76 low, reclaiming the $2.00 and $3.00 barriers in the past few weeks. The cryptocurrency has surged 85% in the last month despite its recent token unlock, rallying to a fourth-month high of $4.29 last Monday. However, SUI has retraced 10% from last weeks high, hovering between the $3.60-$4.10 price range. Trader Froggy pointed out that the cryptocurrency is approaching the significant $4.00 resistance, which it has been unable to hold for seven days. Breaking above this level will set the stage for a strong move up, he explained, adding, This could be the trigger that breaks the range and opens up the next leg higher. Meanwhile, Rekt Capital recently highlighted that SUI has built a re-accumulation range, between $3.39 and $3.78, like it did in late 2024. At the time, the cryptocurrency consolidated around this ranges upper boundary for weeks before Weekly Closing above this level and retesting it as support to confirm a breakout towards a new ATH. This time, SUI closed above the $3.78 mark two weeks ago and confirmed it as support last Sunday after closing the week at $3.94, which could suggest that a breakout to a new high is coming. SUIs Rally To $5.00 Loading? Sjuul from AltCryptoGems considers that SUIs consolidation is loading the cryptocurrencys next leg up, resembling its previous performance. According to the analyst, the altcoin is consolidating within a short-term bull flag and preparing for a breakout, like it did twice in the past month. Similarly, AltCryptoTalk affirmed that SUI is overall bullish according to its recent all-time high (ATH) performance and advised investors not to let the recent pullback fool them, if it holds the $3.30 support. The analyst noted that the cryptocurrencys latest ATH breakout saw a four-stage rally, with an initial big impulse and correction, and three smaller impulses followed by corrections. Based on this, SUI is likely preparing for the second smaller impulse, as it registered a bigger breakout in late April and a smaller rally in early May. However, he warned that the smaller impulse after a bigger one is usually a sign of weakness. Related Reading: Bitcoin Price Nears Record Highs: Are We Headed For A $120,000 Breakout For its next jump, the altcoin must break through the ranges upper boundary, around the $4.00 mark, before continuing its rally. If history repeats, SUI could reach the $5.00 mark in the coming weeks, I’m waiting for this high or a new high to be formed and then to expect another bigger bullish wave, the analyst concluded. As of this writing, SUI trades at $3.84, a 2.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum Running Out Of Time? Analyst Says New ATH May Not Come This Cycle

As Ethereum (ETH) continues to slowly turn crucial resistance levels into support, some analysts consider that the King of altcoins could be running out of time for a new all-time high (ATH) this cycle. Related Reading: Crypto Graveyard: 50% Of Tokens Have Failed In the Past 5 years Report Ethereum Closes April In Red Over the past week, Ethereum has attempted to reclaim the $1,800 mark, hovering between the $1,770-$1,820 price range. In the past 24 hours, the cryptocurrency has seen a 5.5% jump, breaking above the key resistance and last weeks high of $1,850. Amid this price action, ETH retested the $1,860-$1,870 range for the first time in one month, and closed April just 1.56% below in opening price. Nonetheless, Ethereums negative monthly close marked the fifth consecutive month in the red for the cryptocurrency. The king of Altcoins has been recording monthly negative returns since December, its worst-performing streak since 2018, and closed the first quarter of 2025 with a 45.4% retracement. Analyst Carl Runefelt noted this performance, noting that the good news is that historically, May is the most positive month of the year for ETH. In general, it has been one of the best-performing months for Ethereum, registering an average 27.31% increase in May. Additionally, the second quarter has been a positive period for cryptocurrency, closing Q2 in the green seven out of nine times. Despite its negative April close, Ethereum registers a mild 2.15% positive return this quarter so far, which could suggest that the cryptocurrency could continue its current performance if history repeats. Another market watcher considers that ETHs price is displaying a similar performance to Bitcoins (BTC) 2020 rally. At the time, Bitcoin consolidated at $8K Most ignored it. Then it hit $64K. According to Merlijn The Trader, Ethereum is showing the exact same structure. Accumulation. Compression. Explosion loading. However, this would suggest another pullback could come before a new ATH. ETH To Skip ATH Rally This Cycle? Meanwhile, analyst Crypto Bullet offered a not-so-bullish macro perspective. According to his post, the Ethereum mid-term correction is over after taking out the August-October 2023 lows, printing a giant reversal candle, and holding the mid-line of the multi-year descending Channel. Based on this, he argues that ETHs bottom is in, and a significant mid-term bounce will likely occur in the next few months, with a first target of $2,500. Crypto Bullet noted that the surge could be either a Dead Cat bounce or the start of a new ATH rally, adding that it could be the former due to the cryptocurrencys weak performance and how advanced the cycle is. In that case, Ethereum could face a potential rejection at the $2,700-$3,000 range, but a bullish rally could start if it breaks through the $3,000 resistance and breaks out of the multi-year channel. Related Reading: Solana: Analysts Forecast Q3 ATH Rally As SOL Retests Make Or Break Level However, he also suggested that Ethereum could be in a bigger cycle than we all think, resembling cryptocurrencies in a one cycle behind performance. In a previous analysis, Crypto Bullet discussed the potential of ETH not hitting an ATH this cycle, noting XRPs performance in 2021. So what if ETH cycle top is in and it’s gonna print a giant Accumulation Structure (a Triangle or a Zigzag) and break out of it, say, in 2028? he questioned, concluding that investors would accumulate more energy for a breakout, and the targets would be significantly higher. Featured Image from Unsplash.com, Chart from TradingView.com

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Stellar (XLM) Breakout Eyes 30% Rally Will It Repeat Last Cycles Playbook?

After breaking out of its five-month downtrend, an analyst suggests a repeat of Stellar (XLM)s last cycle playbook could be on the horizon. The cryptocurrency has confirmed its breakdown from a bullish reversal pattern and eyes a surge toward new targets Related Reading: Ethereum Jumps To $2,000 Amid Market Surge Analyst Says This Resistance Is Next Stellar Breakout Targets $0.39 Amid the market pump, Stellar has broken out of a key demand zone and retested the $0.30 mark for the first time since March. The cryptocurrency has been in a downtrend since its November 2024 breakout, when it reached a three-year high of $0.63. During this years retraces, XLM dropped 68% from the highs to a five-month low of $0.20. However, the late-April market recovery saw the cryptocurrency surge above the downtrend and attempt to confirm the breakout after recording a weekly close above the $0.28 mark. On Friday, Stellar has reclaimed the $0.29 resistance and retested the $0.30 mark for the first time in nearly two months. Following todays performance, Ali Martinez pointed out that Stellar is breaking out of a two-month inverse head and Shoulder pattern. This pattern is a bullish reversal setup that suggests a potential shift from a downtrend to an uptrend. Earlier this week, the analyst pointed out that the patterns right shoulder was forming and the neckline sat around the $0.29 mark. According to his post, a breakout from this formation potentially eyed a 30% rally toward the $0.39 resistance, lost during the February retraces. XLM To Repeat Historical Tendencies? Analyst Rekt Capital highlighted that the cryptocurrency confirmed the end of its multi-month downtrend and a breakout from its Downtrending Channel. Per the post, if XLM weekly closes above its key area, between $0.27-$0.29, any dips into this zone would figure as a successful reclaim of the area as support to support a move to higher regions. The analyst explained that reclaiming the $0.27-$0.29 area is crucial because it is a historical demand region on the monthly timeframe. In the past, turning this zone into support during bull markets has enabled Stellar to rally toward the $0.37-$0.40 mark. In 2021, the cryptocurrency rallied toward its cycle high of $0.80 after retesting the key demand zone and breaking out of the $0.37 barrier. Similarly, it hit its all-time high (ATH) of $0.87 after a breakout from this area. Related Reading: Crypto Analyst Says XRP Price Must Clear This Level Or Risk Crash To $1.9 If XLM repeats history and rallies to the next resistance, it must reclaim and confirm that level to continue with its historical tendencies. As such, a reclaim could see XLM challenge the $0.52 blue highs over time, Rekt Capital concluded. Meanwhile, analyst CW has noted that after breaking the upper line of the downtrend channel, Stellar would encounter resistance in two selling walls, one between the $0.34-$0.38 levels, and a big one around the $0.47-$0.70 zone. As of this writing, Stellar trades at $0.296, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin (BTC) Jumps To $82,000 As Trump Announces 90-Day Pause On Tariffs Except China

Crypto and stock prices have surged in the past hour after US President Donald Trump announced a 90-day pause for tariffs on multiple nations, except China. Bitcoin (BTC), the flagship crypto, now eyes the $83,000 barrier after jumping 6.1% following the news. Related Reading: Bitcoins Next Big Move? Open Interest Says Get Ready Trump Authorizes 90-Day Pause On Tariffs In a Truth Social post, President Trump announced he was raising China tariffs to 125% effect immediately due to a lack of respect shown to the Worlds markets. This move follows Chinas recently announced reciprocal 84% tariff rate on US goods, starting April 10. Based on the lack of respect that China has shown to the Worlds Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable, Trump explained. In the Wednesday post, the US President also revealed he had authorized a 90 days PAUSE for other countries, as 75 nations reached out to multiple US Representatives, including the Departments of Commerce, Treasury, and the US Trade Representative, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non-Monetary Tariffs. Additionally, he authorized an immediate substantially lowered Reciprocal Tariff of 10% during the 90-day pause. In a second post, the President stated, This is a great time to buy. Following the news, stock prices surged, with the S&P 500 (SPX) surging around 6% since the announcement. Meanwhile, the crypto market saw its total market capitalization jump around 5%, with assets like Bitcoin, Ethereum (ETH), XRP, and Solana (SOL) increasing 6%-12% in an hour. Bitcoin Price Surges To $82,000 The flagship crypto climbed from the $76,000-$77,000 range to the $82,000, momentarily reclaiming this level for the first time since Sunday. Its 6% surge has sparked optimism among investors, who saw Bitcoin fall to a five-month low over the weekend. BTC dropped nearly 10% between Sunday and Monday, fueled by the ongoing tariff war. Amid the correction, Bitcoin hit the $74,000 support zone for the first time since November. Related Reading: Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead? On Monday, BTC also saw a brief recovery of the $80,000 barrier after major media outlets reported the White House was considering a 90-day pause on tariffs. However, the cryptocurrency erased most gains after the news turned fake. According to online reports, todays surge triggered $75,000,000 worth of Bitcoin shorts being liquidated in the past 60 minutes. As of this writing, Bitcoin trades at $82,444, a 4.1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Solana: Analysts Forecast Q3 ATH Rally As SOL Retests Make Or Break Level

After reclaiming crucial levels, Solana (SOL) has been moving sideways within a key price range, with its next direction yet to be determined. However, some analysts suggest a breakout could kick-start a new bullish rally in the coming months. Related Reading: Monero (XMR) Price Jumps 50% Amid Suspicious $330 Million BTC Transfer Details Solana Moves Within Key Range Amid its 15% biweekly recovery, Solana, one of the leading altcoins of this cycle, has attempted to reclaim a crucial resistance after recovering the $140 support for the first time since late February. Earlier this month, the cryptocurrency fell to a 14-month low of $95 amid the market retraces, which saw Bitcoin (BTC) and Ethereum (ETH) retest key horizontal levels. Since hitting its $293 all-time high (ATH), SOL has retraced up to 63%, trading 50% below its January high at the time of writing. However, Solana climbed above some crucial ranges during the recent crypto market recovery. Over the past few weeks, the altcoin has successfully recovered the $120 and $130 support zones, breaking above the $140 resistance seven days ago, where the SOL price has been rejected since losing the level nearly two months ago. As a market watcher pointed out, Solana has been moving sideways, consolidating within the $145-$157 range for the past week. The trader noted that this range could decide SOLs next direction, with a breakout above the upper boundary positioning the altcoin to retest higher levels. On the contrary ,if it breaks down this price range, the next support level below at around $136, which could also risk a drop to the $100-$120 support zones. However, Ali Martinez recently stated that Solana is forming a textbook-perfect cup and handle pattern, which could mark the start of a major rally for SOL. SOL Price Preparing For A Breakout? Analyst Alex from AMCrypto noted that Solanas short-term downtrend is over after a recent breakout. He identified that SOL broke out of a seven-day falling wedge that formed within its current range, surging above the upper trendline on Monday. According to the analyst, SOL could hit $170-$180 in the short term and most likely a new ATH by Q3/Q4, based on its utility and demand. It recently surpassed all other L1s and L2s combined in DEX volume, which shows its immense utility. Along with that, multiple companies are also raising funds to buy SOL, which will further add demand, he explained. With the price attempting to hold the $150 mark, trader Lluciano_BTC considers the current level a strong hold. He highlighted that Solanas uptrend is only getting started after breaking out of a multi-month falling wedge formation at the start of the month. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto According to the chart, SOL broke out of the pattern ahead of the sub-$100 correction, testing a key demand zone during the following pullback. After recovering the $120 mark, the altcoin has been in an uptrend, which eyes the $170 resistance as the next target. As of this writing, Solana trades at $149, a 1.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum Trading In No Mans Land, But Analyst Says Breakout Is A Matter Of Time

Ethereum (ETH) continues failing to reclaim the $2,100 resistance, dropping 6% in the past week. As the second largest crypto trades within its make or break levels, some market watchers suggest it will continue to move sideways before another major move. Related Reading: ACT Memecoin Crashes 50% As Several Altcoins Suddenly Tank On Binance Whats Going On? Ethereum Trades At 2023 Levels After closing its worst Q1 since 2018, Ethereum continued moving sideways, hovering between the $1,775-$1,925 price range. Amid last Mondays recovery, Ethereum traded only 6% below its monthly opening, eyeing a potential positive close in the monthly timeframe. Nonetheless, the cryptocurrency fell over 10% from last weeks high to close the first quarter 45.4% below its January opening and 18.6% from its March opening. Moreover, it registers its worst performance in seven years, recording four consecutive months of bleeding for the first time since 2018. Daan Crypto Trades noted that ETH is still trading in no mans land despite its recent attempts to break above its current range. In early March, Ethereum dropped below the $2,100 mark, losing its 2024 gains and hitting a 16-month low of $1,750. The trader suggested that the crucial levels to watch are a breakdown below $1,750 or a breakout above $2,100. Anything in between is just going to be a painful chop, he added. Another market watcher, Merlijn The Trader, highlighted that ETH is at 2021 levels, pointing that it is trading within the breakout zone that led to Ethereums all-time high (ATH) but has stronger fundamentals and more institutional demand four years later. ETH is sitting on the same monthly support that ignited the 2021 bull run. Hold it, and $10K is in play. Lose it and things get ugly, he detailed. More Chop Before ETHs Next Move? Analyst VirtualBacon considers that Ethereum will continue to trade within its current price range for the time being. He explained that ETHs price has fallen to retest the last bear market resistance levels, as it has erased all its gains since November 2023. The analyst considers this zone a good value range but doesnt expect the cryptocurrency to break out right away. However, he added that a bullish breakout is simply a matter of time in longer timeframes. Ethereum always catches up when the Fed pivots and the global liquidity index beings to uptrend. Thats when you see the ETH/BTC ratio start to turn up again, leading the rest of the altcoin market, he concluded. Related Reading: Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities Ali Martinez pointed out that the number of large ETH transactions has significantly declined in over a month, dropping 63.8% since February 25. During this period, large transactions fell from 14,500 to 5,190, signaling a drop in whale activity on the network. He also noted that whales have sold 760,000 ETH in the last two weeks. As of this writing, Ethereum trades at $1,903, a 6% drop in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum (ETH) Near A Breakout? Analyst Says It Could Soar Another 28% By May

Ethereum (ETH) experienced a significant recovery over the past week after jumping over 10% to the $1,800 resistance. The cryptocurrencys momentum has seen it reclaim key levels, which could ignite a 28% rally continuation in the following weeks. Related Reading: SUI Eyes $4 Amid 56% Weekly Surge Here Are The Levels To Watch Ethereum Reclaims First Horizontal Level In Months Over the past week, Ethereums price has jumped around 14% to retest crucial support levels. Amid the market recovery, the cryptocurrency reclaimed the $1,600-$1,650 zone at the start of the week, holding a historical demand area as support. According to analyst Rekt Capital, ETH is holding the bottom of its historical demand zone, between $1,650 and $1,950, after its recent performance, repeating history also by wicking briefly below it. Since losing its $2,196-$39,00 Macro Range, the cryptocurrency has traded within this range, upside wicking to the regions top and turning it into resistance, and downside wicking below the bottom to turn it into support, like in 2023. According to the analyst, Ethereum needs to keep holding here. If this price stability here can be sustained… There is a chance to repeat its mid-2023 performance, where the token bounced from this region and hit its early 2024 high of $4,093. Meanwhile, Daan Crypto Trades noted that ETH has flipped a horizontal level back into support. The analyst pointed out that since closing above the $1,750 mark for the past three days, the King of Altcoins has shown a change in market dynamics. Notably, Ethereum has not been able to reclaim previous horizontal levels for months, getting rejected and making new lows instead. Daan asserted that the $1,750-$2,100 price range is crucial to continue ETHs bullish momentum. ETH On The Verge Of Breaking Out Amid this performance, ETH is nearing a breakout from its multi-month downtrend. The cryptocurrency has been in a downtrend since hitting its cycle high of $4,107 in early December, retracing over 56% since then. However, Ethereum is attempting to break from the descending resistance again amid its retest of the $1,800 barrier. Analyst Crypto Caesar affirmed that ETH is on the verge of breaking out. We really just need that higher high Analyst Ted Pillows considers that a 28% jump by next month could be possible if the cryptocurrency reclaims this crucial short-term resistance. He pointed out that the $1,800-$1,850 zone is the next level to break before the $2,000 barrier, noting an inverse head and shoulders pattern on ETHs chart. Related Reading: All Bets Off If Bitcoin Reclaims This Level, But Analysts Warn Of Potential Rejection If ETH manages to break above it, it could rally towards $2.2K-$2.3K in May, he concluded. Another analyst previously suggested that Ethereum wont start a new rally until it reclaims the $2,330 barrier, where over 60 million addresses have purchased the cryptocurrency. As of this writing, Ethereum trades at $1,795, a 2.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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SUI Eyes $4 Amid 56% Weekly Surge Here Are The Levels To Watch

SUI is leading the crypto market with a 56% surge over the past seven days, reigniting bullish sentiment toward the token. Amid its price recovery, some analysts suggested that the cryptocurrency is about to start a massive rally toward new highs. Related Reading: All Bets Off If Bitcoin Reclaims This Level, But Analysts Warn Of Potential Rejection SUI Reclaims $3 Amid Breakout On Thursday, SUI, one of the leading cryptos of this cycle, saw an 11% daily jump to break above a crucial barrier. The token has been in a multi-month downtrend since hitting its all-time high (ATH) of $5.35 four months ago. Throughout the 2025 corrections, the cryptocurrency has lost key support levels, retracing over 68% from its January high. However, it attempted to reclaim the $2.70-$2.80 resistance level last month after trying to break out from its multi-month falling wedge structure. In March, the token surged to this key region following the news of institutional adoption, including Canary Capitals filing of a Form S-1 for an SUI spot exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). Ultimately, it failed to confirm the breakout and turn this level into support, dropping to pre-US election breakout levels in the following weeks. Nonetheless, SUIs 56% weekly breakout has sent the cryptocurrency back above the $3.00 and $3.20 levels, lost in March. Moreover, SUI has broken out of its falling wedge pattern again, which could propel the token to new highs if the breakout is confirmed. Notably, the altcoin has broken out of a multi-month falling wedge twice, in October 2023 and August 2024, which drove the cryptocurrency to new ATHs in the coming months. Price Sitting At Key Level After Todays surge to the $3.39 mark, the token has retraced toward the $3.25-$3.30 levels, with market watcher Hov noting that SUI sits at a key resistance zone between the $3.30-$3.70 price range. To the analyst, the cryptocurrency must carry through this level and get a HTF close above 3.72ish for bullish confirmation. After this, he suggested that SUI would likely see a retest of resistance turned support. This would put the $4.00 resistance and new ATH on the menu if it holds. On the contrary, failing to reclaim this key zone could halt the bullish momentum and send the cryptocurrency to retest the recently reclaimed $2.70-$2.80 as support, and risk a drop to the re-accumulation zone between the $2.00-$2.30 range. Related Reading: Cardano Breakout Eyes $0.80 Resistance Is ADA Repeating Its ATH Playbook? Meanwhile, Rekt capital noted that the token also looks good on the fundamental side of things, Grayscale opened a SUI trust today, showing institutional growth. The analyst highlighted that SUI has rallied 50% since breaking its downtrend, which made the token flip Avalanche (AVAX) and Chainlink (LINK), making it the 11th cryptocurrency by market capitalization. As of this writing, SUI trades at $3.28, a 34% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Cardano Breakout Eyes $0.80 Resistance Is ADA Repeating Its ATH Playbook?

Amid the market recovery, Cardano (ADA) has seen a 5% daily surge to retest the $0.66 level. Its recent price action has led the cryptocurrency to break out of a bullish formation, which could propel ADA to a key resistance zone. Related Reading: Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? Cardano Breakout Eyes 27% Move On Tuesday, Cardano followed Bitcoins price jump and climbed to the $0.66 resistance, attempting to break above the key level for the third time this month. ADA has been in a downtrend since hitting its 3-year high of $1.32 in December 2024, retracing over 50% in the past four months. In March, the cryptocurrency surged 80% toward the $1.17 mark, driven by US President Donald Trumps initial announcement of a Crypto Strategic Reserve comprised of ADA, XRP, and Solana (SOL). However, after the White Houses Crypto Czar, David Sacks, explained that the listed cryptocurrencies were used as an example of leading tokens, ADAs price retraced to the $0.70-$0.80 range. Amid the late March retraces, Cardano lost the $0.70 mark, falling to the $0.50-$0-55 zone in early April. This month, the cryptocurrency has retested the $0.66 level but has been rejected twice. Today, it attempted to break this level again but was rejected a third time. Nonetheless, analyst Ali Martinez pointed out that ADA has broken out of a symmetrical triangle pattern amid its current performance. Cardano has been consolidating within a symmetrical triangle formation throughout April, setting the stage for a 27% price move. After surging above the $0.63 mark, ADA broke out of the pattern, eyeing a surge toward the $0.77 resistance next. ADA Preparing For Key Retests Analyst Sebastian noted that the cryptocurrency is brewing, as its moving within a four-month descending channel. ADA has bounced toward the upper boundary, which has served as resistance, each time it has retested the lower trendline as support. After the recent drop to $0.50, Cardano could retest the upper boundary soon, at around the $0.80 price range. Moreover, the analyst pointed out that the token is currently breaking out of an Inverse Head & Shoulders pattern within the descending channel, which could see the cryptocurrency surge toward the key resistance level. Another market watcher suggested that the cryptocurrency could be following its 2020-2021 pattern. According to the chart, once ADA broke out of its bear market rally levels, it reached a new cycle high, followed by a retest of the bear market rally as support. Related Reading: Analyst Says The Clock Is Ticking For XRP Heres Why After breaking out of the downtrend, it rallied toward its all-time high (ATH) of $3.09 in the coming months. If ADA broke out this week and followed the same pattern as last cycle, it would be on track to hit a new ATH in the middle of August, the analyst asserted. Meanwhile, Dan Gambardello affirmed that Cardanos biggest resistance is at the $3 mark, where a lot of people have regret for not selling last cycle. The analyst forecasted that once ADA hits ATH levels, its pump will probably pause in that general area with a lot of volatility, and then continue to $5. Itll be like a crypto bus stop. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600?

Amid the latest market recovery, Ethereum (ETH) attempted to break out from its multi-month downtrend, leading some market watchers to suggest that a new rally could start soon. However, as price struggles to hold the $1,600 level as support, the cryptocurrency risks losing recent momentum. Related Reading: Ethereum Enters Historic Buy Zone As Price Dips Below Key Level Insights Ethereum Breakout Eyes Key Resistance On Easter Sunday, the crypto market saw a positive end-of-week after jumping 4.2%. Bitcoin (BTC) closed the week above the $85,000 barrier for the first time this month, while Ethereum surged 5.4% to attempt to reclaim the $1,600 resistance for the third time in the past seven days. ETH closed the week around the $1,640 mark before climbing to $1,658 during Mondays early hours. Amid this performance, the cryptocurrency attempted to break out of its multi-month downtrend for the first time. Crypto analyst Ted Pillows highlighted that Ethereum broke out of its descending resistance on Monday morning. According to the post, the cryptocurrency has been in a downtrend in the one-day chart since early February, retesting the trendline thrice over the past few months, but always being rejected. Its latest rejection from the descending resistance sent the cryptocurrency below the $1,700 mark, which fueled the bearish sentiment brewing toward ETH. The start-of-April retraces, driven by the ongoing tariff war between the US and China, further sent Ethereum to lower levels, hitting its two-year low below $1,400 and retesting the 2018 highs. The analyst noted that ETH could rally toward $2,000 during Aprils last leg if the cryptocurrency holds the $1,600 support, which it hasnt been able to do for most of the month. Is The ETH Bottom Close? Analyst Carl Runefelt also highlighted ETHs downtrend breakout, affirming that it might go absolutely parabolic starting from here. According to Runefelt, the resistance breakout eyes the $3,000 mark, which was lost during the February retraces. However, Ethereum has lost its short-term momentum, retracing its 24-hour gains in the past few hours. Its price dropped below the $1,600 mark into the key $1,500 support level, trading around the $1,570-$1,580 price range. This retracement could hint that ETHs recovery failed to gain strength, risking a drop to the current levels lows. However, a bounce from this zone to hold the $1,650 mark could confirm the breakout and propel the cryptocurrencys price toward $1,700-$1,800 resistance. Analyst Ali Martinez considers that ETHs new rally wont start again until it breaks through the $2,330 supply wall, where over 12.6 million addresses purchased around 68-63 million ETH. Related Reading: XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer Meanwhile, another market watcher suggested that Ethereums trading pair against Bitcoin is the only chart to look at right now. Crypto Fella affirmed that the bottom of the ETH/BTC chart is close, as it has reached its lowest level since 2020. Per the chart, the last time ETH/BTC dropped below the 0.022 mark, it hovered between the 0.016-0.022 zone for some months before bouncing toward its late-2021 high. As of this writing, Ethereum trades at $1,571, a 1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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ACT Memecoin Crashes 50% As Several Altcoins Suddenly Tank On Binance Whats Going On?

On Tuesday morning, several altcoins nosedived up to 50% on global crypto exchange Binance, sparking confusion among investors. Several community members shared theories for the incident, speculating that recent adjustments in the exchanges position limits could be responsible. Related Reading: Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities Altcoins See Q2 Opening Crash On Binance Multiple altcoins saw a peculiar start to Q2 after their price tanked on Binance on Tuesday morning. The crypto community raised the alarm after Solana-based memecoin and AI Agent token Act I: The AI Prophecy (ACT) plunged around 50% in less than an hour. The cryptocurrency, which once had a market capitalization of $722 million, has moved sideways for most of March, hovering between the $0.18-$0.19 price range until today. In 30 minutes, ACT crashed from the $0.189 mark to the $0.087 level, registering a 53% fall. Similarly, the DEXE, KAVA, DF, HIPPO, BANANAS31, LUMIA, TST, and QUICK tokens also recorded a sudden price drop, losing between 10% and 35% of their value in an hour. ACTs team acknowledged the incident, stating, Dear ACT community, we want to assure you that we’re fully aware of the current situation. Our team is actively investigating and working collaboratively with all relevant parties to address this matter. The post also noted they had begun developing a response plan alongside their trusted partners. Analyst Altcoin Sherpa suggested that a price bounce for ACT seems likely but noted that ppl might realize that they dont really want to hold this coin and view this as a forced rebalance event. Nobody buying. Nobody selling. No April Fools Joke As Binance posted about a different April Fools joke, investors started to speculate what caused the sudden bleeding, with some joking that the prank had gone too far. The crypto community guessed that Wintermute was responsible for the Altcoin massacre, as it reportedly liquidated several of its positions today. Nonetheless, the trading firms CEO, Evgeny Gaevoy, denied the rumors, stating, Not us fwiw, but also curious about that postmortem. Meanwhile, Lookonchain suggested that Binances recent update of its leverage and margin tiers on several altcoins, including ACT, could have been the reason for the token crash. Six hours later, Binance Customer Support replied to Wu Blockchains report, revealing that the reason for the dump was that three VIP users cross-sold tokens worth 514,000 USDT in the spot market and a non-VIP user transferred a large amount of ACT from other platforms and sold 540,000 USDT worth of the token in a short period. As a result, the cryptocurrencys price dropped, which led some users to close their futures contracts, triggering the decline of other altcoins. The crypto exchange pointed out that they recently took the initiative to take preventive measures to adjust leverage multiples downward. Related Reading: Crypto Analyst Calls Dogecoin Chart A Beauty As Key Indicators Align Binance Contracts has recently issued consecutive adjustment announcements for the ACTUSDT perpetual contract, during which there was no market movement and no active reduction of any user’s position, the post detailed. Binance added that it will continue to investigate the incident and update the relevant details if there is any news, concluding that the crypto market has been volatile recently and asking investors to exercise caution. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin (BTC) Price Compressing Between Two Key Levels Is $74,000 Or $91,000 Next?

As Bitcoin (BTC) recovers from its five-month low, the cryptocurrency attempts to reclaim the $84,000 resistance. Some market watchers suggest that more volatility could be around the counter, as the price is compressing between two key levels. Related Reading: Ethereum Set For Potential Rally After 10% Surge Can ETH Recover $1,800? Bitcoin Retests 4-Month Downtrend Line Over the past week, Bitcoin has been trading between the $74,000-$84,000 price range following the recent tariff war-related volatility. After hitting a one-week high of $84,720, the flagship crypto hit a five-month low of $74,773, driven by this weeks market correction. Amid this performance, the cryptocurrency risked a 13.7% drop to the $69,000 support, as it generally needs a daily close above the $78,500 level for a potential short-term rebound. However, BTCs price has surged 13.5% since Mondays lows and attempted to reclaim the $84,000 resistance. The market recovery was fueled by US President Donald Trumps 90-day pause on the trade tariffs for over 75 nations, which saw the crypto market and stock prices jump 6%-10% in an hour this Wednesday. Nonetheless, the tariffs-driven rally slowed Thursday, with Bitcoin retracing nearly 5% to the $79,000 support. Analyst Alex Clay asserted that despite the bullish rally, BTCs price needed to reclaim the broken $80,000 support and break through the descending 4-month resistance as its short-term structure continued looking bearish. During BTCs 7% surge in the past 24 hours, the analyst highlighted the key support zone held, invalidating his bearish scenario. However, a breakout and reclaim confirmation of the $84,000 remained crucial for BTCs price. BTC Preparing For More Volatility? Analyst Rekt Capital pointed out that Bitcoin successfully retested the $78,500 support, but its price was rejected from the 4-month downtrend resistance. Therefore, the flagship cryptos price is now compressing between these two levels, which usually precedes volatility. The analyst also noted that BTC is developing yet another Higher Low on the RSI while forming Lower Lows on the price. During this cycle, the cryptocurrency has formed multiple bullish RSI divergences in the daily chart, each preceding a reversal to the levels. Bitcoin’s Daily RSI equaled 2022 Bear Market RSI levels (RSI=23.93) when price crashed into the high $70,000s. The only lower Daily RSI in this cycle was back in August 2023 (RSI=18.28). Throughout this cycle, each visit into sub-25 RSI resulted in a trend reversal to the upside over time. Related Reading: Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead? Meanwhile, crypto analyst Ali Martinez suggested that BTC could see a retrace back to the $74,000 support zone. He observed that Bitcoins movements within its weekly range display a W-shape to the upper boundary, and its price action seemed to be forming an M-shape after Thursdays retrace and Fridays jump, which eyes the ranges lower boundary. On the contrary, the analyst also highlighted Bitcoins Friday performance, affirming that it is slicing through key resistance at $82,360. Notably, BTCs price then jumped toward the $84,000 barrier, hitting a daily high of $84,220 before retracing to the $83,500 mark. According to Martinez, A sustained breakout could open the door to $91,500. As of this writing, Bitcoin trades at $83,640, a 1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Can Cardano Reclaim $1? Analyst Says ADA Price Must Hold This Crucial Level

Cardano (ADA)s price continues to move sideways, holding its range for the past 10 days, while online sentiment grows. Some analysts suggest that a retest of the local resistance could be near if the cryptocurrency holds its crucial support zone. Related Reading: Crypto Sleuth Claims Mysterious $20M Hyperliquid Whale Is Tied To Illicit Activity Cardano Holds Key Range Cardano has retraced 40% from its two-month high of $1.17, dropping to the $0.7 range over the past few weeks. ADA climbed 80% on March 2 after US President Donald Trump announced a Crypto Strategic Reserve, including the cryptocurrency, which sent the token to monthly highs. After its massive pump, the altcoin retraced to $0.9, holding this zone through the following days. However, the March 6 executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile sent ADA below the crucial level. At the time, the White Houses Crypto Czar, David Sacks, clarified that the ADA and the other altcoins named were just used as a reference for the top cryptocurrencies in the market. Since then, Cardano has moved sideways, hovering between $0.68-$0.75. ADA dropped to $0.64 during the March 11 market crash before bouncing. Despite the ongoing price action, online sentiment has been positive towards ADA this week. On Tuesday, on-chain analytics firm Santiment pointed out that Cardano saw a highly positive sentiment on social media. The bullish sentiment was fueled by the Securities and Exchange Commission (SEC) classification of ADAs use case as smart contracts for government services. The news pushed bullishness to its highest rate in over 4 months, the firm noted. Moreover, large-scale investors have also shown positive sentiment toward Cardano, with Whales purchasing around 190 million ADA tokens in the past 48 hours. ADA Breakout Or Breakdown Next? ADA has been in a downtrend since December 2024, when it hit its 3-year high of $1.32. The February market retraces sent the cryptocurrencys price below several crucial support zones, with the token hovering between the $0.60-$0.80 price range. Analyst Sjuul from AltCryptoGems noted ADA has a weird-looking chart, mainly due to the announcement of the strategic reserve. As a result, Cardanos most crucial support level is at $0.66, as it could send it to monthly lows. According to the analyst, That level should hold; otherwise, all this recent price action will result in a distribution phase. Previously, Sjuul affirmed Cardanos chart displayed a Power of 3 in the making, signaling that the cryptocurrency was entering the third phase. This pattern divides the price cycle into three phases: accumulation, manipulation, and distribution. In the last phase, a strong price breakout occurs, with momentum building in the direction opposite to the manipulation. Based on this, if ADA lost the $0.66 mark, the token could see a significant price correction. Meanwhile, a pseudonym trader pointed out that the altcoin shows a bullish reversal after breaking out of a falling wedge pattern. Per the post, Cardano could enter a strong uptrend if it maintains its momentum. Related Reading: Bitcoin To Get Interesting As Price Retests $85,000 Here Are The Levels To Watch Nonetheless, ADA must hold the current support levels and break above the local resistance for confirmation of further bullish continuation to the $1.22 target. Analyst Ali Martinez noted that ADA trades within a right-angled descending wedge, with the upper trendline at $1.15. He suggested that a daily close above $1.15 would push ADAs price to the $2 mark, not seen since 2021. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin (BTC) Faces Significant Correction Amid Market Volatility

Bitcoin experiences a major correction, dropping 29.7% from its peak. Institutional investors and economic factors play key roles in shaping the crypto market's future. (Read More)

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Chainlink (LINK) Among Top Gainers With 11% Daily Surge, Is A Rebound To $24 Coming?

After losing a key support level earlier this week, Chainlink (LINK) has surged 24% from the recent lows to lead Fridays crypto market. Some analysts suggested that a rebound could be around the corner as whales continue to bet on the cryptocurrency. Related Reading: Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities Recovery Ahead? Chainlink Recovers Critical Support On Friday, Chainlink surged over 10% to turn the $14 resistance into support again. The cryptocurrency lost this crucial level on Monday following the recent crypto market crash, which saw Bitcoin (BTC) fall to its lowest price in months. During the correction, LINK dropped to a four-month low at $11.71, retesting its post-election breakout levels for the first time since late November. Over the past three days, the token hovered between the $12.5-$13.5 price zone, failing to break above the ranges upper boundary and retest the $14 mark until today. Its worth noting that this level has been a critical support during LINKs past rallies, serving as a key breakout and bounce point in the previous cycle, Q1 2024s high, and the post-US election pump. Moreover, whenever this level has been lost, it has led to long accumulation periods for the cryptocurrency. After todays surge, LINK has reached a high of $14.71 before retracing to the $14.4-$14.5 price range over the past few hours. Crypto analyst Ali Martinez noted that holding its current level could set the stage for a rebound to $24. As Martinez has pointed out, Chainlink has been in an ascending parallel channel since July 2023, moving between the patterns upper and lower boundary over the last year and a half.  LINK surged to the channels upper trendline every time it retested the lower zone before dropping back, repeating the cycle. Based on this, the recent recovery of the parallel channels lower range could send the cryptocurrency to the mid-zone of the pattern before a climb to the upper boundary.  A Spike in buying pressure at the current levels can help Chainlink rebound to the upper boundary at $45, the analyst explained. Is LINK Poised For A Reversal? Notably, whales had bought over 3 million LINK in five days, Martinez pointed out on Tuesday, and online reports revealed that an address has continued to purchase Chainlink during the rest of the week. Lookonchain recently reported that a large-scale address has spent 12.1 million USDC to buy 863,174 LINK at $14, holding a total of 1.07 million tokens, valued at $15.53 million. Additionally, the address has a long position on LINK, worth $31 million. Analyst AMCrypto Alex pointed out that LINK remained in its long-term uptrend channel despite Tuesdays low. However, he considers there is a high chance that the token will retest the $10 mark before the bottom formation. Related Reading: Solana (SOL) Retests Crucial Support Level Is A 50% Price Drop On The Horizon? Meanwhile, trader Crypto Rand suggested that Chainlink is ready to bounce as LINK marines are getting ready for the bull reversal. The market watcher pointed out the cryptocurrency has been forming a falling wedge pattern since the start of 2025, and the $14 support recovery is pushing for the breakout. A breakout from the patterns upper trendline, which is around the $14.5 mark, could propel the tokens price to a 30% surge near the $20 barrier. As of this writing, LINK is trading at $14.51, an 11.6% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities Recovery Ahead?

Bitcoin (BTC) has failed to reclaim $84,000 resistance again and has fallen 4% to retest another crucial support zone. Some analysts suggested that the cryptocurrencys rally will be determined by its weekly close, which could see BTC crash or climb to new levels. Related Reading: Solana (SOL) Retests Crucial Support Level Is A 50% Price Drop On The Horizon? Bitcoin Hits $84,000 Wall Again After losing the $84,000-$86,000 support zone on Sunday, Bitcoin has failed to reclaim this level. The flagship crypto has retraced over 11% in the past week, briefly falling to a 4-month low of $76,600 on Monday. Since then, BTCs price has hovered between the $80,000-$84,000 range, failing to break above the ranges upper zone for the past four days. Crypto analyst Jelle noted that this resistance level has been a key level throughout the first half of March. Notably, the $84,000 mark served as an important bounce level during the start-of-month price pump and correction, and reclaiming it will make all the difference for how the rest of the month goes. Bitcoin has attempted to regain this level in the past 24 hours, climbing to $83,900 on Thursday morning. To the analyst, a reclaim of $84,000 could propel the price back to the post-election breakout range, and things would get real interesting. Ali Martinez pointed out that the biggest supply barrier for Bitcoin sits at the $95,000 range, where 1.2 million investors purchased 726,000 BTC. He also noted that the largest cryptocurrency by market capitalization is consolidating within an ascending triangle, which could lead to a 9% surge to the $90,000 mark if it breaks out above $84,000. Nonetheless, BTC failed to reclaim this key resistance and retraced to the $80,000 support zone. Jelle warned that bulls need to defend the current area, or this could cascade towards the high seventies once more. Is BTCs Cycle Top Or Bottom In? Ted Pillows suggested that BTC is poised for another leg up as its price action resembles previous performances. He highlighted that Bitcoin has held its ascending support trendline like in 2017 and 2020, which shows that the cycle isnt over yet. Based on this historical price performance, the analyst considers that the cryptocurrency could retest the $72,000-$74,000 support before a local bottom is in. After that, there’ll be some consolidation followed by the next leg up, he explained. Trader Titan of Crypto pointed at a potential reversal as BTC is showing signs of bottoming on the weekly chart with the Relative Strength Index (RSI) as support, an Oversold Stochastic RSI bullish crossover, and price at the lower Bollinger Band. He also noted that BTCs price action resembles 2020s market structure before a major breakout. Related Reading: Ethereum Risks Another 15% Correction After Fall Below $2,000 Whats Next For ETH? Meanwhile, analyst Nebraskangooner affirmed that Bitcoin has been historically predictable, which suggests that its weekly close range will be key for the next move. According to the post, if BTC closes the week below $67,250, it would potentially indicate the market has already hit the top, as it would become a distribution range. The analyst explained that the cryptocurrency has respected the distribution, accumulation, and instant reversal levels in every BTC bear market. If Bitcoin remains historically predictable, the cryptocurrency could fall to levels not seen since late 2023 and early 2024. As of this writing, BTC trades at $80,810, a 3.4% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Solana (SOL) Retests Crucial Support Level Is A 50% Price Drop On The Horizon?

Solana (SOL) has seen a nearly 40% retrace over the past month, losing key support levels since February. As its price retests a key horizontal level, some analysts warn of a potential 50% correction to a yearly low. Related Reading: Solana Falls Under Realized Price: Heres What Happened Last Time Solana Loses Key Support Level Solana has been one of the leading cryptocurrencies of the cycle, fueled by the markets memecoin frenzy. The altcoin climbed over 270% in a year to its latest all-time high (ATH) of $270, registered nearly two months ago. Nonetheless, SOLs bullish sentiment has significantly decreased since January, recently plummeting to its lowest point in over a year. As a result, the cryptocurrency has dropped over 50% from its January 19 ATH. Solana lost the key $200-$220 support zone at the start of last month, with the February market crashes sending SOL to retest its next crucial levels. After losing the $180 mark two weeks ago, its price hovered between the $130-$150 range, surging to the $179 mark at the start of March. This weeks market correction, which saw Bitcoin (BTC) drop to $76,000 for the first time in four months, has sent Solana to new monthly lows. On Tuesday, SOLs price briefly dropped to $111, a level not seen since the August 2024 market crash, before bouncing back to $125. Amid the ongoing retest, pseudonym trader Crypto Busy warned that SOL must hold this crucial support to maintain a bullish sentiment above $100. Crypto analyst Ali Martinez previously noted that the most crucial zone for Solana appears to be between $110 and $125, as this horizontal level served as a key support during its 2021 and 2024 rallies. The analyst suggested that holding above this range could be key for the next move. SOL Price Risks Move To $60 Martinez also pointed out that Solana could be on the verge of a breakdown, as it has broken below its key level. According to the post, SOL risks a 50% crash to the $60 mark if it fails to hold the $125 support zone. The analyst highlighted that the cryptocurrency has been forming a right angle ascending broadening pattern since March 2024, when it first reclaimed the level during this cycle. During this period, every higher high on Solanas chart has created a rising trendline at the top of the pattern, while the $125 support has held as a strong horizontal support trendline. Related Reading: Ethereum Risks Another 15% Correction After Fall Below $2,000 Whats Next For ETH? However, SOLs break below this horizontal zone has increased the odds of a 50% price correction to the Q4 2023 levels. Additionally, Martinez recently warned of a potential correction based on Solanas trading pair against Bitcoin, which started to resemble ETH/BTCs chart. The analyst suggested that the SOL/BTC chart was looking like Ethereums trading pair against BTCs past price action, adding that if it continued to follow this pattern, the SOL/BTC chart could see a drop to the 0.0008 region. After the recent price action, the trading pair hit a 15-month low of 0.0014624 on Tuesday. As of this writing, Solana trades at $124, a 14% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin’s 50% Correction Is No Big Deal, Says Morgan Stanley

The current Bitcoin's decline from the $69K all-time high is within its historical norms, says investment bank.

Continue reading Bitcoin’s 50% Correction Is No Big Deal, Says Morgan Stanley at DailyCoin.com.

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Crypto Market Madness: Top 3 Crypto Losers

The post Crypto Market Madness: Top 3 Crypto Losers appeared first on CryptoTicker.

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