Coinbase stock price had its best week since November last year, even as the company moved from one bad news to another. Coinbase shares ended the week at $266, their highest level since February and 88% above their lowest level…

Hack? SEC probe? Coinbase stock soars despite difficult week

Bitcoin-mining stocks closed higher Friday, with Applied Digital Corporation 
jumping 22.18% to top the leaderboard. Bitcoin Miners Rally as Volatility 
Breeds Opportunity Applied Digital posted the largest single-day gain among 
bitcoin miner-exposed equities, climbing more than 22% to close at $6.83. 
Bitdeer Technologies Group followed with a 10.63% advance to $15.19, while Hut 
8 Corp. […]

Bitcoin Mining Stocks Continue Rally as Applied Digital Leads Friday’s Gains

Despite the slight pullback in the crypto market, the NFT sector continues to 
pump, with sales volume jumping by 17.16% to $130.7 million. According to data 
from CryptoSlam, market participation has rebounded strongly, with NFT buyers 
increasing by 138.96% to…

NFT sales jump 17% to $130.7m, Newcomer collection boasts 470% sales growth

Cardano (ADA) is flashing mixed signals as its market structure hints at an 
imminent short-term price crash. While bearish indicators suggest a possible 
decline, a crypto analyst reveals that the broader trend remains intact, with 
technical patterns supporting the potential for a rally toward the $0.9 mark. 
Cardano Price Crash Incoming TradingView Crypto analyst SiDec has released a 
bearish price forecast for Cardano, anticipating a significant correction 
toward the $0.75 area in the coming days. This cautious outlook is based on 
detailed analysis using Elliott Wave Theory, Fibonacci tools, and critical 
price action zones. Related Reading: Crypto Analyst Releases Next Potential 
Targets For Cardano, Is $1 ADA Still Possible? SiDec has stated that ADA’s 
price continues to consolidate after completing a 5-wave impulse move, 
signaling the end of its upward momentum. Following this strong impulse rally, 
the cryptocurrency is now exhibiting a classic Elliott Wave behavior, 
transitioning into a textbook ABC corrective pattern. The cryptocurrency first 
experienced a pull-back, labeled as Wave A on the price chart, followed by a 
temporary recovery in Wave B. According to SiDec, Wave C is expected to 
complete the retracement pattern, with ADA’s final downward move nearing its 
end. Currently, technical indicators and price action point to the $0.705 
region as a high-probability long entry zone. The TradingView analyst also 
clarifies where ADA might find solid support during this corrective phase 
using Fibonacci Retracement zones. The 50% retracement level of the entire 
bullish 5-wave impulse is positioned approximately at $0.7534 — a critical 
price point that coincides closely with ADA’s previous price swing at $0.746. 
This former resistance level has yet to be revisited, making it a natural 
support candidate. The analysis further identifies a 1:1 ABC extension for the 
anticipated correction in ADA, placing Wave C’s potential crash target around 
$0.7492. This also creates a tight cluster of technical indicators in the 
range of roughly $0.75, indicating a strong support zone. Further supporting 
this level, the daily 21 Exponential Moving Average (EMA) stands at $0.7455, 
while the daily 21 Simple Moving Average (SMA) is slightly lower at $0.7347. 
SiDec has also identified the Point of Control (POC), which marks the price 
with the highest volume, near $0.7318. The analyst further highlights that 
Cardano’s anchored Volume Weighted Average Price (VWAP) resides within the 
$0.75 support zone. At the same time, the Pitchfork tool’s golden pocket 
aligns dynamically as support around the same area. ADA Price Path To $0.92 
Holds Firm While SiDec eyes a potential crash to new lows for ADA in the near 
term, the analyst’s chart also shows a green zone, with a projected bullish 
bounce drawn. Following its Wave C crash, Cardano is expected to rebound and 
approach the $0.92 level. Related Reading: Cardano Price Set For 300% 
Explosion With Major Bullish Impulse The TradingView analyst has advised 
caution around this area, as $0.92 acts as a significant resistance zone and 
coincides with a prior liquidity zone that could trigger rejection or profit- 
taking. SiDec has emphasized that the risk-to-reward ratio around this area 
will only become favorable once there is clear confirmation, such as an SFP, a 
bearish engulfing candle, or visible divergence. Overall, if the $0.75 support 
zone holds, Cardano, which is currently trading at $0.78, could be positioned 
for a strong recovery toward $0.92 and beyond. Featured image from Unsplash, 
chart from Tradingview.com

Cardano Market Structure Says Crash Is Coming, But $0.9 Is Still In The Cards

Stablecoins, like Tether USD Coin, continued their strong growth this week, 
with their market capitalization hitting a record of $243.8 billion. These 
coins have added over $38 billion in assets since they started the year with 
$240 billion. Tether (USDT)…

Tether tightens grip as stablecoin market cap hits $243b

On Saturday, at block height 897,120, Bitcoin’s mining difficulty increased by 
2.13%, reaching 121.66 trillion and marginally raising the computational 
challenge required to uncover new blocks. Bitcoin Mining Difficulty Climbs 
Past 121 Trillion Miners now face slightly steeper odds in their efforts to 
solve blocks, with the adjustment making the process 2.13% more arduous. 
Although […]