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Cardano (ADA) has experienced a massive price rally, surging by 46.77% in the past 24 hours to trade at $0.9731. This explosive movement was accompanied by a staggering 1,807.04% increase in trading volume, which reached $10.74 billion. As a result, $ADA climbed to the eighth spot in the cryptocurrency rankings. The altcoin recorded a daily high of $1.13 from a low of $0.6461 but remains 68.46% below its all-time high (ATH) of $3.10. The sharp price surge in ADA followed a major political development. United States President Donald Trump directed a working group to move forward with establishing a Crypto Strategic Reserve. Cardano On-Chain Activity Soars On-chain metrics reveal growing investor confidence in Cardano. Large investors holding between 10 million and 100 million ADA have aggressively accumulated tokens following the recent price drop to $0.57, reveals Santiment data. Over the past three days, these whales have added well over 130 million $ADA to their holdings. DappRadar shows a 157% surge in unique active wallets (UAWs) on the Cardano network over the past 24 hours, reaching 3,720. Additionally, daily transactions on the Cardano blockchain have spiked by over 200% to 17,120. Cardano’s total value locked (TVL) also jumped significantly, rising 38.87% to $499 million on March 3, shows DefiLlama. ADA Price Analysis The daily chart of $ADA provided by TradingView below reveals significant volatility for Cardano with a long wick to the upside, signaling strong resistance near $1.13. The price is currently hovering around $0.97 after retracing from the highs. A key support is at $0.77, the middle Bollinger Band (20-day SMA). If ADA holds above this, the bullish momentum could persist. Furthermore, the $0.54 price level was the recent local bottom and serves as a strong demand zone. A break below this level would invalidate the current rally. While the $ADA price action broke above the upper Bollinger Band at $0.9989, the level is currently being tested as support. If ADA holds here, higher prices could be possible. Also, the Relative Strength Index (RSI) has spiked to 60.03, approaching the overbought region, but a sharp pullback can be seen on the daily chart, suggesting intense selling pressure after the price surge as traders capitalize on the gains.

Cardano (ADA) has experienced a massive price rally, surging by 46.77% in the past 24 hours to trade at $0.9731. This explosive movement was accompanied by a staggering 1,807.04% increase in trading volume, which reached $10.74 billion. As a result, $ADA climbed to the eighth spot in the cryptocurrency rankings. The altcoin recorded a daily high of $1.13 from a low of $0.6461 but remains 68.46% below its all-time high (ATH) of $3.10. The sharp price surge in ADA followed a major political development. United States President Donald Trump directed a working group to move forward with establishing a Crypto Strategic Reserve. Cardano On-Chain Activity Soars On-chain metrics reveal growing investor confidence in Cardano. Large investors holding between 10 million and 100 million ADA have aggressively accumulated tokens following the recent price drop to $0.57, reveals Santiment data. Over the past three days, these whales have added well over 130 million $ADA to their holdings. DappRadar shows a 157% surge in unique active wallets (UAWs) on the Cardano network over the past 24 hours, reaching 3,720. Additionally, daily transactions on the Cardano blockchain have spiked by over 200% to 17,120. Cardano’s total value locked (TVL) also jumped significantly, rising 38.87% to $499 million on March 3, shows DefiLlama. ADA Price Analysis The daily chart of $ADA provided by TradingView below reveals significant volatility for Cardano with a long wick to the upside, signaling strong resistance near $1.13. The price is currently hovering around $0.97 after retracing from the highs. A key support is at $0.77, the middle Bollinger Band (20-day SMA). If ADA holds above this, the bullish momentum could persist. Furthermore, the $0.54 price level was the recent local bottom and serves as a strong demand zone. A break below this level would invalidate the current rally. While the $ADA price action broke above the upper Bollinger Band at $0.9989, the level is currently being tested as support. If ADA holds here, higher prices could be possible. Also, the Relative Strength Index (RSI) has spiked to 60.03, approaching the overbought region, but a sharp pullback can be seen on the daily chart, suggesting intense selling pressure after the price surge as traders capitalize on the gains.

Glassnode: $BTC price nears short-term holders’ break-even point On-chain analytics firm Glassnode reported on X that Bitcoin (BTC) briefly reclaimed its short-term holder cost basis of about $92,700 before dipping slightly below it. The short-term holder market value to realized value (STH-MVRV) ratio is at 0.99, indicating a 1% paper loss, leaving short-term holders in a fragile position. Meanwhile, the short-term holder spent output profit ratio (STH-SOPR) dropped significantly below its quarterly median last week but has since rebounded toward the upper deviation band. Glassnode noted that this may signal renewed market demand and improving investor sentiment following a short-term holder capitulation.

$BITCOIN ($BTC ) 30-Minute Chart Analysis – March 3, 2025💎📊 😱The cryptocurrency market has been experiencing significant volatility, and Bitcoin ($BTC ) remains at the center of attention. The 30-minute chart from Bitget presents an insightful perspective on $BTC /USDT price movements, showing the latest trends and potential trading opportunities. Current Price Overview🚀 Current BTC Price: $92,066.87 24h High: $95,000.00 24h Low: $85,050.00 24h Trading Volume: 14.29K $BTC 24h Turnover: $1.31 Billion USDT Price Change (24h): +7.18% $BTC has rebounded from its recent low of $85,050 and is now trading around $92,066.87, reflecting a strong recovery. Technical Indicators Analysis Bollinger Bands (BOLL) Upper Band (UB): $93,555.46 Lower Band (LB): $91,329.89👀 Average Line (AVL): $92,063.59 $BTC is currently moving near the midline of the Bollinger Bands, indicating a consolidation phase. A breakout above the upper band could signal bullish momentum, while a drop below the lower band may suggest further downside movement. Moving Averages (MA)💫 MA (5): 138.158704 MA (10): 183.854970 The short-term moving averages suggest mixed momentum. A crossover above the longer MA could confirm an uptrend, while rejection might indicate further price corrections. Volume & Market Sentiment The volume has been fluctuating, with recent spikes indicating strong buying and selling interest. $BTC saw a low at $91,130.46, followed by a push towards $93,875, suggesting buyers stepped in at lower levels. Trend Strength & Momentum Daily Change: -2.32% (short-term decline) day Change: +0.54% (slight recovery) 30-day Change: -8.53% (downtrend) 90-day Change: -3.96% (mid-term correction) 180-day Change: +58.81% (strong long-term uptrend) While Bitcoin has faced corrections in the short to mid-term, the long-term trend remains bullish. Key Support & Resistance Levels Resistance: $93,875, $95,000 Support: $91,130, $90,339 A breakout above $93,875 could push $BTC toward the $95,000 resistance, while a drop below $91,130 might test the $90,339 level. Conclusion & Trading Strategy Bullish Outlook: If $BTC holds above the Bollinger Band midline and breaks above $93,555, it could continue its uptrend toward $95,000. Bearish Scenario: A failure to sustain momentum may result in a drop toward $91,130 or lower. Ideal Strategy: Traders can consider entering long positions above $93,500 with a stop-loss near $91,000, while short positions may be considered if $BTC breaks below $91,000. 🔮This analysis provides a comprehensive view of $BITCOIN current trend and trading signals. Always trade with caution and use proper risk management strategies.

The crypto market has suffered a massive downturn, wiping out $160 billion in total market capitalization over the past 24 hours. This sharp decline has caused PI to shed 24% of its value. However, technical indicators suggest that a rebound could be on the horizon for the popular altcoin. PI’s Market Decline Shows Signs of Seller Fatigue PI’s hourly chart reveals that its Relative Strength Index (RSI) is near the oversold territory, signaling that selling pressure may be reaching exhaustion. As of this writing, this momentum indicator is downward at 31.36. An asset’s RSI measures its overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a retracement. On the other hand, values under 30 suggest that the asset is oversold and may witness a rebound. At 31.36, PI’s RSI signals that the token is nearing oversold territory. This suggests weakening selling pressure and the potential for a price rebound if buyers step in. In addition, PI’s price just broke below the lower line of its Bollinger Bands indicator, confirming sellers’ e When an asset’s price breaks below the lower band, it signals that it is oversold and trading at an extreme deviation from its average price. If buying pressure increases, this can indicate a possible rebound or trend reversal. 🔸 #PI Teeters at Crucial Level—Breakout or Breakdown Ahead? A resurgence in PI demand could trigger a rebound toward its all-time high of $3, which was reached on Thursday. This represents a 44% uptick from its current value of $2.08. However, for this to happen, PI must first break above the resistance formed at $2.56. Conversely, if the downtrend continues due to a lack of new demand for PI, its price could plummet toward $1.62. #Picoin #PInetwork