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Almost $89 million in crypto will be unlocked this week
ETH/BTC remains under major moving averages, with resistance between 0.05–0.06 BTC, a breakout above may signal a solid reversal of the trend. A bullish divergence on the weekly chart indicates declining bearish momentum, with both RSI and Stochastic RSI flashing signs of possible price reversal. ETH/BTC is testing a major historical low, with substantial trading volume implying a fierce battle between sellers and buyers.
The TD Sequence signal has registered a buying signal, and there may be a bull cycle if XRP tests significant resistance levels. XRP trades within a downtrending channel, with a probable breakout above $2.80–$3.00, possibly pushing prices up towards $3.50–$4. The MACD signals the start of a bull crossover, and the Stochastic RSI signals a short-term correction before a rally.
Bitcoin’s price hovers near $95,582, facing risks of decline if it drops below key support levels around $95,000. A breakout above $98,000 could drive Bitcoin toward $100,000, with long-term bullish trends still intact. Bitcoin’s momentum shows signs of reversal, potentially leading to upward movement if key resistance levels break.
Helium (HNT) tests a critical $3.00 support, with traders awaiting a possible reversal or protracted bearish momentum. The RSI of 38.01 signals a bullish divergence, and the constricting Bollinger Bands suggest a probable breakout in either way. A breakout above $3.80–$4.00 can solidify bullish momentum, and a drop below $3.00 can take HNT down towards $2.50, even lower.
Bitcoin is forming a declining wedge pattern, with resistance points of $100K and targets of $110K and $120K. Market indicators, including MACD and RSI, are suggesting consolidation, with a volume-driven breakout and on the lookout for bull signals. A bearish breakdown of $93K may take Bitcoin down towards $85K–$87K, and holding on may result in a steep upswing.
Quick Take Trump’s crypto-friendly pick Howard Lutnick was confirmed by the Senate as new Secretary of Commerce. Lutnick has been leading financial services firm Cantor Fitzgerald, which has been a custodian for Tether.
- 18:03Wall Street investors' frustration with Tesla intensifies, may hit longest losing streak in 15 years this weekAccording to CNBC, a growing number of Wall Street investors are disappointed in Tesla. Ahead of Tesla's April delivery report and first-quarter results, UBS and Redburn Atlantic reiterated their sell ratings on Tesla due to subdued Model Y delivery forecasts and a lack of near-term growth catalysts. UBS cut its price target on Tesla by $24 to $225, while Redburn was more pessimistic, with a $160 price target.Redburn analyst Adrian Yanoshik wrote, ‘We expect sales to stagnate this year without the upcoming new car.’ ‘So far, sluggish new-vehicle registration numbers could signal ongoing demand challenges. At the same time, we expect cash flow to be impacted by deliveries of the new Model Y model, which began in March, due to increased inventories. Possible U.S. tariffs on imports from Mexico add to the cost burden.’ At one point on Monday, Tesla shares tumbled more than 13 per cent, and have accumulated losses of more than 40 per cent so far this year. If the trend fails to reverse, the stock could fall for an eighth consecutive week after the U.S. election-induced surge, the company's longest (weekly) losing streak in 15 years.
- 18:01Wall Street investors' frustration with Tesla intensifies, may hit longest losing streak in 15 years this weekAccording to CNBC, a growing number of Wall Street investors are disappointed in Tesla. Ahead of Tesla's April delivery report and first-quarter results, UBS and Redburn Atlantic reiterated their sell ratings on Tesla due to subdued Model Y delivery forecasts and a lack of near-term growth catalysts. UBS cut its price target on Tesla by $24 to $225, while Redburn was more pessimistic, with a $160 price target.Redburn analyst Adrian Yanoshik wrote, ‘We expect sales to stagnate this year without the upcoming new car.’ ‘So far, sluggish new-vehicle registration numbers could signal ongoing demand challenges. At the same time, we expect cash flow to be impacted by deliveries of the new Model Y model, which began in March, due to increased inventories. Possible U.S. tariffs on imports from Mexico add to the cost burden.’ At one point on Monday, Tesla shares tumbled more than 13 per cent, and have accumulated losses of more than 40 per cent so far this year. If the trend fails to reverse, the stock could fall for an eighth consecutive week after the U.S. election-induced surge, the company's longest (weekly) losing streak in 15 years.
- 17:53Musk: X platform hit by ‘massive cyber attack’Musk said the X platform suffered a ‘massive cyber attack’. We're being attacked every day, but this time it took a lot of resources. It could be a large, organised group or a country involved.