Cardano (ADA) has been trading below the $0.70 mark since March 29, struggling to regain bullish momentum. Despite brief signs of strength, recent indicators now point to weakening trend conditions. Both the BBTrend and ADX show fading buying pressure, while EMA alignment remains bearish. With price stuck between key support and resistance levels, ADA’s next move could define its short-term direction. Cardano BBTrend Turns Negative, Signaling Momentum Reversal Cardano’s BBTrend has flipped negative, currently sitting at -0.78 after spending the last five days in positive territory. The indicator reached a peak of 9.76 on April 14, signaling strong bullish momentum at the time. BBTrend, short for Bollinger Band Trend, measures the strength and direction of a price move relative to its Bollinger Bands. Positive values typically indicate bullish trends, while negative values point to bearish conditions or weakening momentum. ADA BBTrend. Source: TradingView. The shift to -0.78 suggests that Cardano’s recent uptr
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Bitcoin (BTC) has been trading in a tight range between $83,000 and $86,000 over the past five days, showing signs of indecision in both price action and momentum indicators. While the number of whale wallets has started to decline, on-chain data still reflects elevated interest from large holders. Technically, BTC remains in a consolidation phase, with weak EMA signals and mixed Ichimoku readings. Bitcoin Whales Pull Back: Early Sign of Fading Confidence? The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—has declined slightly in recent days, dropping from 2,015 on April 14 to 2,010 by April 16. This pullback comes just after the metric hit its highest level since May 2024, suggesting a potential shift in sentiment among large holders. While the drop may seem small, movements in whale behavior often precede broader market trends, making even slight changes worth watching. Bitcoin Whales. Source: Santiment. Whale activity is a key on-chain signal because these large holders can signific
Hedera (HBAR) is up more than 5% in the last 24 hours, showing signs of short-term relief after a rough start to April. Despite the bounce, technical indicators still point to a weak overall trend, with bearish EMA alignment and a flat ADX reading. Momentum remains uncertain, but bulls have managed to defend key support levels so far. Hedera Shows Early Signs of Bullish Shift, But Trend Still Weak Hedera’s DMI indicator shows its ADX at 19.8—slightly up from 18.49 two days ago but down from a recent high of 21.94 earlier today. The ADX (Average Directional Index) measures the strength of a trend, regardless of its direction. Values below 20 typically indicate a weak or consolidating market, while readings above 25 suggest a strong trend is developing. HBAR’s current ADX near 20 suggests momentum is still relatively soft, with no clear directional strength in place. HBAR DMI. Source: TradingView. Looking at the directional indicators, the +DI (Directional Indicator) has risen from 13.42 to 14.2, showing a slig
AI coins continue to draw attention as April nears its end, with Render (RENDER), Story Protocol (IP), and CLANKER standing out. RENDER has led the pack, surging nearly 17% this week and reclaiming a $2 billion market cap. In contrast, Story (IP) is down 6.5%, the worst performer among the top 10 AI tokens, while CLANKER dropped over 7% in the last 24 hours. With momentum shifting across the sector, all three tokens are positioned at key technical levels that could define their next move. RENDER Render Network provides decentralized GPU computing power for creators, developers, and artificial intelligence applications. Its infrastructure supports rendering for 3D graphics, visual effects, and artificial intelligence model training. RENDER Price Analysis. Source: TradingView. RENDER, the network’s native token, has surged nearly 17% over the past week, pushing its market cap back above $2 billion. It was the top performer among the ten largest AI coins in the market. If the bullish momentum holds, RENDER could
Richard Kim, founder of Zero Edge, a defunct “crypto casino,” was arrested and subsequently released on bail in a federal securities fraud case. After an arrest on Tuesday, Kim posted a $250,000 bond using $100,000 in cash as collateral. Before Zero Edge, Kim had an esteemed career at major institutes like JP Morgan and Goldman Sachs. The Southern District of New York (SDNY) is hearing this case. How Richard Kim’s Crypto Casino Collapsed Before everything fell apart, Richard Kim was ostensibly a successful crypto entrepreneur. A former executive at Galaxy Digital, an attorney, and an elite trader, he left in March 2024 to found Zero Edge. This “crypto casino” would bring classical gambling onto the blockchain, according to a recent court document: “In particular, Kim represented to prospective investors that Zero Edge would ‘develop a number of onchain games,’ beginning with craps, and operate both a ‘free to play / social casino version of the game’ in which players could win virtual currency, as well as a r
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee to see what experts have to say about Bitcoin’s (BTC) price outlook. Key investment strategies are driving the next directional bias for the pioneer crypto. Is a $90,000 Breakout Imminent for Bitcoin? Crypto markets continue to reel from Trump-infused volatility, which weighs heavily on investor sentiment. Traders and investors are bracing for macroeconomic headwinds that continue to temper modest gains. Among them is Trump’s tariff chaos, which provoked China’s retaliatory stance. Adding another layer of complexity to the US crypto news, Federal Reserve (Fed) chair Jerome Powell ruled out a near-term rate cut, citing economic uncertainty and risks from trade policy. Reports also indicate that China is liquidating seized cryptocurrencies through private firms to support local government finances amid economic struggles. The macro context also includes Jerome Powel
The crypto market is going nowhere at the moment, stabilizing instead of rallying or crashing. However, this is not stopping meme coins from noting extravagant rallies as displayed by MANEKI. BeInCrypto has analyzed two other meme coins that, while not experiencing explosive growth, are still generating enough market movement to make them important assets to watch. MAGIC•INTERNET•MONEY (Bitcoin) (MIM) Launch Date – February 2025 Total Circulating Supply – 21 Billion MIM Maximum Supply – 21 Billion MIM Fully Diluted Valuation (FDV) – $65.54 Million MIM experienced an eventful week with sharp rallies early on, followed by slight declines in the past few days. Currently trading at $0.003026, this meme coin has garnered attention due to its performance as a Bitcoin-based token. Despite recent declines, MIM has surged by 64% over the past week. The token’s unique positioning as a meme coin on Bitcoin adds to its intrigue, especially as meme coins expand into different blockchain ecosystems. This trend indicates gr
Trevor Noah has become part of a growing wave of investors backing South African fintech companies, with his latest move into the payments sector through Stitch, a rapidly expanding provider that just raised $55 million in a Series B funding round. The funds will be used to enhance Stitch’s payment infrastructure, targeting enterprise merchants across…
Despite Bitcoin’s [BTC] sharp swings near the $85,000 mark, data is showing strength rather than strain. Nearly 90% of BTC holders remained in profit, signaling one of the healthiest market structures in Bitcoin’s history.
Hyperliquid [HYPE] saw its Total Value Locked (TVL) shrink from $636 million in the first week of March to $230 million a month later, according to data from DefiLlama. One of the drivers of this exodus of capital was the way the Hyperliquid platform handled the JELLY saga.