Texas is on the verge of becoming the third U.S. state to establish a state- managed Bitcoin. The Texas Strategic Bitcoin Reserve and Investment Act, SB 21, was approved by the House of Representatives with a vote of 101-42. The bill…

Texas approves Bitcoin reserve bill, awaits governor’s signature

Institutional investors are aggressively embracing alternative crypto treasury 
strategies as major players move to inject massive capital into BNB, 
positioning it as a groundbreaking treasury asset. Alternative Crypto Treasury 
Strategies Gain Momentum With Institutional Interest in BNB Investor 
enthusiasm for alternative crypto treasury strategies is building as a group 
of hedge fund veterans aim to […]

BNB Poised for Institutional Breakthrough With $100M Nasdaq-Listed Treasury Push

BNB price is gaining pace above the $632 support zone. The price is now 
showing positive signs and might aim for more gains in the near term. BNB 
price is attempting to recover from the $600 support zone. The price is now 
trading below $632 and the 100-hourly simple moving average. There was a break 
above a bearish trend line with resistance at $625 on the hourly chart of the 
BNB/USD pair (data source from Binance). The pair must stay above the $632 
level to start another increase in the near term. BNB Price Eyes More Gains 
After forming a base above the $600 level, BNB price started a fresh increase. 
There was a move above the $620 and $625 resistance levels, like Ethereum and 
Bitcoin. There was a decent move above the 50% Fib retracement level of the 
recent decline from the $651 swing high to the $602 low. Besides, there was a 
break above a bearish trend line with resistance at $625 on the hourly chart 
of the BNB/USD pair. The price is now trading below $632 and the 100-hourly 
simple moving average. It is also consolidating near the 76.4% Fib retracement 
level of the recent decline from the $651 swing high to the $602 low. On the 
upside, the price could face resistance near the $644 level. The next 
resistance sits near the $650 level. A clear move above the $650 zone could 
send the price higher. In the stated case, BNB price could test $665. A close 
above the $665 resistance might set the pace for a larger move toward the $680 
resistance. Any more gains might call for a test of the $700 level in the near 
term. Another Decline? If BNB fails to clear the $644 resistance, it could 
start another decline. Initial support on the downside is near the $635 level. 
The next major support is near the $632 level. The main support sits at $625. 
If there is a downside break below the $625 support, the price could drop 
toward the $612 support. Any more losses could initiate a larger decline 
toward the $600 level. Technical Indicators Hourly MACD – The MACD for BNB/USD 
is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – 
The RSI for BNB/USD is currently above the 50 level. Major Support Levels – 
$632 and $625. Major Resistance Levels – $644 and $650.

BNB Price Gathers Strength — Upside Potential Looms

Cardano (ADA) has been struggling to hold some crucial levels over the month, 
falling to multi-month lows over the weekend. As the cryptocurrency attempts 
to hold a key support area, some analysts believe this make-or-break retest 
will determine its next big move. Related Reading: Bitcoin Wobbles? Metaplanet 
Buys Big, Breaks $1 Billion Mark Cardano To See More Bleeding Cardano is 
recording a 4.5% daily increase after bouncing from the $0.51 area on Sunday. 
Notably, ADA was in a downtrend following its 3-year high of $1.32 in December 
2024, which ended after the late April breakout and May bullish rally. 
However, the cryptocurrency has struggled to hold its April-May range amid the 
June market pullback, losing the key $0.66 area ten days ago. Since then, 
Cardano has recorded seven consecutive red daily candles and fallen below the 
$0.60 support. Sjuul from AltCryptoGems suggested that Cardano’s rally will be 
halted unless some ground is recovered. According to the analyst, the 
cryptocurrency’s multi-month price action “ended up being a classic 
distribution schematic” after losing the $0.66 support. This would signal that 
ADA’s uptrend has ended and a potential downtrend is ahead. “As long as we 
don&#8217;t reclaim $0.66, just expect further downtrend from now on,” he asserted. 
Meanwhile, market watcher Man of Bitcoin highlighted the cryptocurrency’s June 
downtrend, affirming that if the price remains below the descending trendline, 
downward pressure will persist. He added that “One more low in wave iv is 
still possible,” hinting that a drop below the $0.50 could be on the horizon 
before the next wave up. Nonetheless, the analyst noted that “it should be a 
brief wick to the downside” as a “sustained break lower would weaken the 
bullish outlook.” ADA Retest To Trigger Rally To $1? Amid the ongoing global 
war tensions, ADA’s price retested the crucial $0.52 support on Sunday, 
hitting a four-month low of $0.51, before recovering and closing the week 
around the $0.54 mark. Market watcher Rose Premium Signals noted that a weekly 
close around the crucial $0.56 level would continue the possible double-bottom 
setup forming on ADA’s chart. The analyst added that a confirmed rebound from 
the $0.54-$0-56 area could send the price to the initial $0.99 target and set 
the stage for a climb toward the $1.20 and $1.50 resistances. On the contrary, 
failing to hold this area could see Cardano lose its six-month price range and 
retrace to the $0.32 level. Meanwhile, Crypto Billion affirmed that Cardano 
appears to be forming a potential triple bottom structure, which could lead to 
a bullish reversal. Related Reading: Ethereum Holds Critical Support – $2,350 
Level Could Define The Next Move As the cryptocurrency retested the 
$0.50-$0.52 area over the weekend, the analyst highlighted that this key range 
had been held twice before since the November breakout. Additionally, he 
pointed out that ADA’s price appears to be trading within a multi-month 
falling wedge pattern, which suggests a breakout toward the $1 mark if the 
price climbs toward the upper boundary. As of this writing, Cardano is trading 
at $0.54, a 15.6% decline in the weekly timeframe. Featured Image from 
Unsplash.com, Chart from TradingView.com

Cardano Headed For $0.32 If This Level Isn’t Reclaimed – Is ADA’s Rally Over?

Under Operation Chokepoint 2.0, more than 30 technology and crypto companies 
were denied banking services in the US after the collapse of crypto-friendly 
banks in 2023.

Fed cuts ‘reputational risk’ scrutiny used to ‘assassinate’ crypto firms

XRP price started a fresh increase from the $1.920 zone. The price is back 
above $2.10 and might struggle to continue higher above the $2.20 zone. XRP 
price started a fresh increase above the $2.050 zone. The price is now trading 
above $2.10 and the 100-hourly Simple Moving Average. There was a break above 
a key bearish trend line with resistance at $2.00 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair might start a fresh increase 
if there is a close above the $2.180 resistance zone. XRP Price Eyes More 
Gains XRP price remained supported above the $1.920 zone and started a fresh 
increase, like Bitcoin and Ethereum. The price recovered above the $2.00 and 
$2.020 resistance levels. Besides, there was a break above a key bearish trend 
line with resistance at $2.00 on the hourly chart of the XRP/USD pair. The 
pair even cleared the $2.10 resistance and $2.150 hurdle. However, the bears 
were active below $2.20. A high was formed at $2.170 and the price is now 
consolidating above the 23.6% Fib retracement level of the upward move from 
the $1.910 swing low to the $2.170 high. The price is now trading above $2.10 
and the 100-hourly Simple Moving Average. On the upside, the price might face 
resistance near the $2.1650 level. The first major resistance is near the 
$2.180 level. The next resistance is $2.20. A clear move above the $2.20 
resistance might send the price toward the $2.250 resistance. Any more gains 
might send the price toward the $2.300 resistance or even $2.320 in the near 
term. The next major hurdle for the bulls might be $2.50. Another Drop? If XRP 
fails to clear the $2.180 resistance zone, it could start another decline. 
Initial support on the downside is near the $2.0880 level. The next major 
support is near the $2.050 level or the 50% Fib retracement level of the 
upward move from the $1.910 swing low to the $2.170 high. If there is a 
downside break and a close below the $2.050 level, the price might continue to 
decline toward the $2.00 support. The next major support sits near the $1.920 
zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing 
pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for 
XRP/USD is now above the 50 level. Major Support Levels – $2.050 and $2.00. 
Major Resistance Levels – $2.180 and $2.20.