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In a recent report shared by TradingView, CobraVanguard stated that the price of the ADA token is continuing to move well within the given wedge. As per analysts, if the current wedge is broken, market participants might never see the token going below the $0.80 limit. Meanwhile, a break above could see Cardano reclaiming the $1 psychological price. Sources suggest that the current bullish tendency of ADA pricing comes in the wake of the SEC’s approval of Grayscale’s Cardano ETF filing. ETF for ADA can be a potent bullish catalyst that can push token’s priceoken for an extended petime. Not only that, but it can spark a price rally for the token at an all-new ATH. The reports suggest that ADA will bounce back, but the actual price of the token is still showing bearish momentum. However, sources indicate that this bearish movement of the cost is due to broader market sentiment. ADA is hovering at $0.66 at press time with a 2.69% downtrend. Analysts claim that the token is in its buying phase. This could catapult the token to newer heights. Source: CobraVanguard on Tradingview Inevitable Bounce In an X post, crypto analyst Sebastian said the market should brace itself for a meteoric rise in ADA pricing. Sebastian says the current slump is just a temporary setback, and things will work out in the long run. In fact, in another X post, the analyst claims that selling ADA at the moment will be foolish as an inevitable price relay is coming. Meanwhile, analyst Ali Martinez claims that ADA needs to hold a critical support zone between $0.67 and $0.80. He remarked that as long as this support holds, ADA’s bull run will be intact. Therefore, all signs =suggest that ADA might be at the precipice of a major positive price action. Source: Trading View The post Cardano Price Prediction: Analysts Believe That Selling ADA Will Be Foolish At The Moment appeared first on Coinfomania.

Bitcoin (BTC) has fallen below the crucial $90,000 mark for the first time in a month. This triggered a wave of liquidations and ramped up market volatility. The sudden downturn has left many traders in the red. Data from IntoTheBlock shows that about 12% of all Bitcoin addresses are currently underwater—the highest percentage of unrealized losses since October 2024. Looking back at IntoTheBlock’s historical “In/Out of the Money” data, it’s clear many investors bought BTC at higher prices, especially between $90,000 and $100,000. With the price now at $89,479, these addresses are “out of the money.” Historically, similar situations have come before increased sell-offs as traders try to limit their losses, pushing Bitcoin’s price even lower. Bitcoin has seen a big uptrend over the past year, starting in mid-2024 and peaking at $109K in late January before showing signs of slowing down in early 2025. However, in the last 24 hours, the cryptocurrency has crashed 6.46%, leading to $1.34 billion in liquidations within the same period, according to Coinglass . Also, $1.07 billion was wiped out in the last 12 hours, with $493.36 million gone in just the past four hours. According to well-known analyst Ali Martinez, Bitcoin is breaking below a parallel channel. If Bitcoin can’t quickly climb back above $92,500, it’s very likely it will test support again at $81,000. On the other hand, BitMEX co-founder Arthur Hayes predicted BTC could plummet to $70,000 if hedge funds invested in spot BTC ETFs start to sell off their holdings. Related: Bitcoin’s Range-Bound Trading Ethereum Could Benefit, Analysts Say Looking at the daily chart below, Bitcoin’s RSI (Relative Strength Index) is currently at 30.80, which suggests Bitcoin is getting close to being oversold. If the RSI drops below 30, BTC might bounce back a bit in the short term. However, if strong selling continues, the price could keep falling before any real recovery happens. Adding to this, Bitcoin’s price has also dropped below the lower Bollinger Band. This indicates higher volatility and that sellers are in control. Related: Negative Crypto Sentiment: Bitcoin’s Booster? Historically, when BTC trades outside the lower band, it usually moves back toward the midline (20-day SMA). However, if the selling doesn’t stop, this sign alone might not be enough to stop the price from going down further. 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.

TRUMP’s price hovers at $15.956, with volatility inside a fixed trading range. According to analyst ali_charts , the $15.80 support level is crucial in keeping up bullish momentum. The price can bounce back to $16.60 or even $17.30. But if it cannot hold this level, it can continue dropping. TRUMP recently tested the $17.20 level before facing strong resistance, leading to a retracement. The price dropped to $15.80, where it found temporary support. A brief recovery followed, reaching $16.40, but another rejection forced the price downward again. Now, TRUMP is struggling to retake $16.60. Moreover, volatility remains high, with price swings between support and resistance levels. If $15.80 cannot hold, further downward pressure can push the price down. The $16.60 presents a challenge to bullish energy. Several failed attempts at clearing above the region have resulted in successive retracements. A good break above $16.60 has the potential to send it to $17.30, opening up new bullish opportunities. On the downside, $15.80 remains the primary support. A break below this level could lead to increased selling pressure . In such a case, the next critical support level might be lower, intensifying bearish sentiment. The market is consolidating, with TRUMP trading near the lower part of its recent range. Even though the short-term trend is weakly bearish , holding $15.80 could cause a rally. If buyers regain control again, the price can retest $16.60 in the near term. A sustained move over $16.60 could be indicative of fresh bullish pressure, while a break below $15.80 could lead to further declines. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Telcoin (TEL) has attracted market attention with its incredible price surges over the past few months. However, its recent pullback over the past week prompted traders to raise concerns about the asset’s future price movement. In response, crypto analyst Ali Martinez shared metrics projecting that TEL could see price growth soon. #Telcoin $TEL is setting up for a 22% price move! pic.twitter.com/N41fFsW2nc — Ali (@ali_charts) February 24, 2025 Telcoin to rise 22% According to a technical chart reported by Martinez today, Telcoin has formed a falling wedge bullish pattern on its four-hour timeframe. This chart normally forms before a significant upward momentum happens. Since TEL is currently trading at $0.01091, it remains to see if can break through the crucial $0.0127 resistance level. A successful move could create a 22% jump, bolstering the price to around $0.0154. TEL price updates Telcoin is currently facing significant challenges after recording a decrease of 7.7% over the past seven days. Despite the ongoing decline, TEL had experienced massive uptrends over several months ago. At press time, its price is standing at $0.01091, after experiencing a decline of 2.1% over the previous day. Despite a decrease in transaction volume by 26.10%, traders are showing interest in the asset, suggesting a possible breakout from the current fall. Social media sentiment on the asset remains bullish as multiple users talk about the asset. Over the past 24 hours, active addresses have increased by 17% while the figures for social mentions have risen by 42%. This growth in active addresses suggests that traders are increasingly creating new positions in the asset. Despite the current slump, the token has been facing huge withdrawals from exchanges, indicating accumulation by whales and reducing selling pressure. Whales’ accumulation is reflected in TEL’s price. Over the past 30 days, 60 days, and 90 days, the asset’s price rose by 58.08%, 96.49%, and 195.01% respectively, showcasing the asset’s growth potential. This shows that investor sentiment continues to become more enthusiastic about the asset, as traders and big crypto holders are positioning themselves in expectation of future price rises. The growing user interest and increasing numbers of new positions being created in the token suggest that Telcoin could be moving towards a major uptrend soon.

Dogecoin (DOGE) traded relatively flat on Thursday, mirroring lackluster movements that have persisted since the beginning of the month. Notably, attempts to recover last week, after prices rebounded from a flash crash to $0.20 earlier this month, have been watered down, with the top meme coin wiping out all of last week’s gains. This silent price action comes amid a broader market trend. Further analysis reveals that key on-chain metrics, such as daily active addresses and transaction volumes, have remained relatively flat. On-chain data also indicates a notable decline in whale activity. On Thursday, analyst Ali Martinez observed that large DOGE holders have adopted a “wait-and-watch” approach, with no significant buying or selling activity in recent days. “Dogecoin DOGE whales have stayed on the sidelines during the recent volatility, showing little to no significant buying or selling activity,” Martinez tweeted, suggesting a cautious sentiment among major investors, which is contributing to the current price stability. Nevertheless, amid this price lull, analysts continue to assess this period as “the calm before the storm,” actively predicting triple-digit percentage gains. Popular crypto analyst Trader Tardigrade tweeted his outlook on Thursday, saying that Dogecoin has entered the “Boring Phase.” According to the pundit, traders should “Expect tight consolidation at the current level over the next few weeks before the massive DOGE rally.” Notably, the chart accompanying his tweet compared Dogecoin’s recent flat trend in February 2025 to a similar pattern before a major rally in late 2017, suggesting DOGE may experience weeks of tight price consolidation before a significant upward rally if history repeats. Earlier on Wednesday, the pundit also posted another analysis referencing Dogecoin’s weekly Stochastic RSI, a technical indicator that measures momentum. His analysis showed a crossover in the oversold zone, typically signaling a potential price rebound, supporting a bullish target of $1.50 per coin based on a target price inside an ascending channel. Elsewhere, analyst Dima Potts predicted that Dogecoin could surpass $10, citing a historical pattern of peaks occurring every four years. He highlighted that the first cycle saw a 21,821% surge over 1,442 days, while the second followed the same timeline with an even greater 54,890% increase. Potts believes Dogecoin’s next peak could arrive around mid-April 2025 if this trend continues. However, he also warned that DOGE would likely experience a decline before its next major rally. “With recent price action, DOGE has maintained its historical pattern. I expect Dogecoin to gradually move toward the purple line or the $0.28 range, similar to previous cycles. Beyond this level, we should see increased volatility, with prices consolidating before pushing toward new yearly highs and eventually all-time highs.” He wrote. At press time, DOGE traded at $0.24, reflecting a 2.13% drop in the past 24 hours.