Multichain narxMULTI

At the same time, exchange reserves remain near multi-year lows (~2.46M BTC). Just last week, around 10000 BTC were moved off exchanges. With less Bitcoin available on exchanges, the risk of significant sell-side pressure is reduced. This tight supply adds to the bullish backdrop (long term).

$ETH has retested its multi-year trendline support level. Since 2021, Ethereum has retested this level only thrice. June 2022, November 2022 and March 2025. The last 2 times, the market the cycle bottom, and I'm hoping this time won't be different.

Whales/institution that withdrew 26% of the total AUCTION from Binance transferred a total of 1.05 million AUCTION (US$37.81 million) to Binance today. A multi-signature address of the project transferred 359k AUCTION (US$20.48 million) to CEXs. AUCTION's 24-hour decline widened

Cardano (ADA) is seeing a massive surge in trading volume and significant whale accumulation, even as its price remained relatively stable. Data shows a dramatic 63.84% jump in ADA’s 24-hour trading volume, reaching over $1.12 billion . Large ADA holders; whales, are actively increasing their stakes, adding over 50 million ADA just in the past 48 hours. This buying spree followed an earlier whale purchase of 190 million ADA just the day before. But even with all this activity, ADA’s price hasn’t moved much, which begs the question if all this whale activity can push ADA’s price up. Input Output Global (IOG), the company behind the Cardano blockchain, had announced that their Lace wallet is now multi-chain . So as it stays, Bitcoin is now integrated into the Cardano blockchain for traders adopting Lace wallet. Cardano’s price is currently in a holding pattern, primarily trading between $0.69 and 0.75. While the increase in whale activity and Lace’s new Bitcoin support are positive, the price of ADA has remained fairly flat. If the price breaks below the $0.69 support level, analysts suggest it might fall further, to around $0.57 or 0.60. Technical indicators provide some context. The Relative Strength Index (RSI) currently sits at 46.14, suggesting neutral momentum. The Bollinger Bands (BB) indicate the next resistance level to watch is 0.76, with stronger resistance at 0.93. At the time of this report, ADA trades at 0.71, down 1% over the last 24 hours. Related: “Winning” PEPE Whale Buys More as Binance Wallet Sees Heavy Traffic Despite the recent price stagnation, signals suggest Cardano might break out soon. Current data indicates relatively low selling pressure on ADA, increasing the possibility of the price testing the resistance level at 0.75. Related: Will Altseason’s Promise Hold? Bitcoin’s Resistance and Altcoins’ Anxious Wait Crypto analyst Ali Martinez shared the above chart pointing that if Cardano closes above 1.15 on the daily chart, it will confirm a bullish right-angled descending wedge pattern. This pattern suggests a potential significant price surge, possibly driving ADA up to the $2 mark. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

This is an interesting week. Market signals are mixed, but telling. 🚦 Fed holds, but cuts still expected 🚦 SNB pivots with first G10 rate cut (0.25%) 🚦 S&P futures flash crash ~$600B 🚦 Consumer sentiment & AAII bearishness at multi-year highs 🚦 Gold hits ATH 🚦 #Bitcoin BTC