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$ADA , the native token of the Cardano blockchain, is poised to continue its price decline in the coming days. This decline is attributed to ongoing market uncertainty, the formation of bearish price action, and negative sentiment across the cryptocurrency landscape. As of today, December 31, 2024, the majority of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), are struggling to gain momentum. ◾Cardano (ADA) Technical Analysis and Upcoming Levels According to expert technical analysis, $ADA appears bearish in the short term. It has formed a descending triangle price action pattern on the daily time frame and is poised for a breakdown. This pattern has emerged following the breakdown of a bearish head-and-shoulders price action pattern. Based on historical price momentum, if $ADA breaches the support of the descending triangle and closes a daily candle below the $0.825 mark, there is a strong possibility it could decline by 10% to reach the crucial support at the $0.75 mark in the future. However, ADA’s bearish outlook will only hold if it closes a daily candle below the $0.825 level; otherwise, it may fail. ◾$38 Million ADA Outflow Despite this bearish outlook, long-term holders have shown strong interest and confidence in the token, as reported by the on-chain analytics firm Coinglass. Data from $ADA spot inflow/outflow reveals that exchanges have witnessed an outflow of a significant $37.92 million worth of $ADA . The outflow is a metric that shows how much of an asset has been withdrawn from exchanges to wallet addresses. This metric also indicates potential upside momentum, buying pressure, and an ideal buying opportunity. In addition to the long-term holders’ participation, traders appear hesitant to build new positions as the price reaches a crucial area and prepares for a breakdown. This hesitation has led to the liquidation of millions worth of long positions, as revealed by open interest. Data shows that ADA’s open interest has dropped by 3.9% in the past 24 hours. ◾Current Price Momentum At press time, $ADA is trading near $0.8456 and has experienced a price decline of 3.15% in the past 24 hours. During the same period, its trading volume increased by 15%, indicating heightened participation from traders and investors compared to the previous day.

Solana’s Scalability: Real-World Applications Solana has emerged as one of the most promising blockchain platforms, with scalability being a cornerstone of its design. Unlike many blockchains that struggle with high transaction volumes and speed, Solana boasts a unique consensus mechanism known as Proof of History (PoH), which allows it to process over 65,000 transactions per second (TPS). This incredible throughput is a game-changer, especially for real-world applications that demand high efficiency and low latency. One of the key real-world applications of Solana’s scalability is in decentralized finance (DeFi). The platform’s high throughput and low transaction costs make it ideal for DeFi applications, where speed and affordability are critical. Solana supports a range of DeFi projects, including decentralized exchanges (DEXs), lending platforms, and stablecoins. These platforms benefit from Solana’s ability to process thousands of transactions in a short time, ensuring seamless user experiences even during high demand periods. Another area where Solana’s scalability is proving beneficial is in NFTs (Non-Fungible Tokens). The NFT market has exploded, with millions of transactions happening daily. Solana’s scalability allows for faster minting, trading, and transferring of NFTs, which is crucial for maintaining a fluid marketplace. With its low fees and quick transactions, Solana is becoming a popular choice for NFT creators and collectors, providing an alternative to Ethereum’s often costly and slow network. Solana is also making strides in Web3 and gaming. Its ability to handle high transaction volumes is particularly well-suited for blockchain-based games that require frequent interactions, such as in-game purchases, asset transfers, and player-to-player transactions. Solana’s low-cost, high-speed blockchain allows for smoother gameplay experiences without the concern of high gas fees or transaction delays. Solana’s scalability is driving innovation in various sectors, including DeFi, NFTs, and gaming. Its ability to process thousands of transactions per second at low costs positions Solana as a leading platform for real-world blockchain applications, attracting developers and users alike. $SOL

massive dump is coming 4.8 sopport area then buy

im still expecting a push lower to raid sellside area💡 comment below if anyone want a detailed chart analysis i'll post🔨 $BTC

Looking at the $SUI daily chart, it’s clear that Wave 4 has completed, and the price is now ranging, building up momentum for the next potential move toward Wave 5. The current consolidation zone around $4.16 is a critical area to hold, with key support levels sitting at $3.88 and $3.41. A breakdown below these levels could invalidate the bullish setup. On the flip side, the Fibonacci extensions point to possible Wave 5 targets at $6.38 and $6.92. If the price breaks out of this range with volume, these targets could be in play. Right now, it’s a waiting game as the structure develops—patience will be key.