Solana’s recent bounce has brought it face-to-face with one of the most important resistance levels on the chart. With multiple confluences stacking at this zone, the reaction here could dictate whether the next move is a breakout or a breakdown.…

Solana faces key rejection at high time-frame resistance — is another drop coming?

An analyst has pointed out how Cardano is currently breaking out of a Triangle 
pattern, a signal that could be bullish for ADA&#8217;s price. Cardano Has Surged 
Beyond Triangle Resistance Line In a new post on X, analyst Ali Martinez has 
talked about a technical analysis (TA) pattern forming in the hourly price of 
Cardano. The pattern in question is a Triangle, which forms when an asset 
consolidates between two converging trendlines. The upper trendline is likely 
to act as a source of resistance in the future, while the lower one can 
provide support. Just like in many other TA consolidation patterns, a break 
beyond either of these lines can imply a continuation of the trend in that 
direction. Related Reading: Bitcoin Mega Whales Keep Buying—Is Rest Of Market 
Finally Catching Up? The trendlines being convergent means that as the price 
travels inside this type of consolidation channel, its range gets 
progressively narrower, until it compresses down to a point. There are a few 
different types of Triangles in TA. The most popular variants include the 
Ascending, Descending, and Symmetrical Triangles. In the context of the 
current topic, the relevant Triangle is closest to the third of these. In this 
pattern, trendlines converge with each other at a roughly equal and opposite 
slope toward a midpoint. Below is the chart shared by the analyst that shows 
the Triangle that Cardano was trading inside until the past day. As is visible 
in the graph, Cardano had been moving inside this Triangle for almost three 
weeks, before a break arrived in the past day. Just prior to the break, the 
coin had nearly approached the apex of the triangle, meaning its consolidation 
had turned very tight. Generally, as an asset&#8217;s range becomes narrower, a 
breakout becomes more likely. Yesterday, before ADA found its break, the 
analyst had shared the same chart for the Triangle, noting the stage was set 
for a move. Martinez had noted that this move could potentially be a swing to 
equal to 27%, based on the height of the Triangle from the lowest price 
bottom. The question was which direction the breakout might occur in. In 
Symmetrical Triangles, a breakout is equally likely in both directions. The 
Triangle that Cardano had been following wasn&#8217;t a perfect Symmetrical 
Triangle, though, as it had a slight ascending bias to it. This means that a 
break toward the upside may have been more probable, although only slightly. 
Related Reading: This Bitcoin Bear Confirmation Is Yet To Appear, Glassnode 
Reveals This slight advantage in likelihood seems to have worked out for ADA 
this time, as its price has now witnessed a surge above the upper resistance 
line. It now remains to be seen whether this move would grow into a 27% one 
that the Triangle&#8217;s height hints at or not. ADA Price At the time of writing, 
Cardano is floating around $0.64, up more than 4% in the last seven days. 
Featured image from iStock.com, charts from TradingView.com

Cardano Breaks Out Of Triangle—27% Surge Incoming?

The 87-year-old founder of the elite think tank with a mission to “improve the 
state of the world” announced his resignation on Monday. End of an Era: WEF 
Founder Klaus Schwab Announces Resignation Klaus Schwab, Chairman and founder 
of the World Economic Forum (WEF), resigned from his role on Monday, according 
to a press release […]

Klaus Schwab Steps Down as World Economic Forum Chairman After More Than 50 Years

Paul Atkins has officially been sworn in as the 34th Chairman of the 
Securities and Exchange Commission. 
The April 21 announcement comes nearly two weeks after Atkins&#8217; position was 
confirmed by the US Senate in a 52-44 vote on April 9.
&#8220;I am honored by the trust and confidence President Trump and the Senate have 
placed in me to lead the SEC,&#8221; Atkins said in a statement. 
&#8220;As I return to the SEC, I am pleased to join with my fellow Commissioners and 
the agency&#8217;s dedicated professionals to advance its mission to facilitate 
capital formation; maintain fair, orderly, and efficient markets; and protect 
investors.&#8221; 
Atkins is widely expected to lead a more crypto-friendly SEC than former chair 
Gary Gensler under the Biden administration. 
He previously served as an SEC commissioner between 2002 and 2008.
This is a developing story, and further information will be added as it 
becomes available.

Paul Atkins, nominated by Trump, has been sworn in as SEC chair

Atkins&#8217; leadership may signal a shift towards more crypto-friendly policies, 
potentially impacting market regulations and investor protections.
The post Pro-crypto Paul Atkins officially sworn in as SEC Chairman appeared 
first on Crypto Briefing.

Pro-crypto Paul Atkins officially sworn in as SEC Chairman

Coinbase&#8217;s XRP futures launch could enhance market liquidity and attract 
diverse traders, potentially influencing broader crypto adoption trends.
The post Coinbase launches XRP, nano XRP futures contracts appeared first on 
Crypto Briefing.