DappRadar found AI agent projects raised $1.39 billion this year, a 9.4% increase on the total funding in 2024, while a onchain activity has surged 86%.

AI crypto app users nearly double this year as funding beats 2024 total

Cardano price started a fresh decline below the $0.5750 zone. ADA is now 
consolidating and might struggle to stay above the $0.550 support. ADA price 
started a fresh decline below $0.580 and $0.5750. The price is trading below 
$0.570 and the 100-hourly simple moving average. There is a key bearish trend 
line forming with resistance at $0.570 on the hourly chart of the ADA/USD pair 
(data source from Kraken). The pair could start a fresh decline if it dips 
below the $0.550 support zone. Cardano Price Dips Again In the past few 
sessions, Cardano saw a fresh decline below the $0.580, unlike Bitcoin and 
Ethereum. ADA even declined below the $0.5750 level to enter a bearish zone. 
The bears even pushed the price below the 23.6% Fib retracement level of the 
upward move from the $0.5102 swing low to the $0.5938 high. The price even 
spiked below the $0.5520 support. There is also a key bearish trend line 
forming with resistance at $0.570 on the hourly chart of the ADA/USD pair. 
Cardano price is now trading below $0.570 and the 100-hourly simple moving 
average. On the upside, the price might face resistance near the $0.570 zone. 
The first resistance is near $0.5850. The next key resistance might be 
$0.5920. If there is a close above the $0.5920 resistance, the price could 
start a strong rally. In the stated case, the price could rise toward the 
$0.620 region. Any more gains might call for a move toward $0.6350 in the near 
term. Another Drop In ADA? If Cardano’s price fails to climb above the $0.5850 
resistance level, it could start another decline. Immediate support on the 
downside is near the $0.5520 level and the 50% Fib retracement level of the 
upward move from the $0.5102 swing low to the $0.5938 high. The next major 
support is near the $0.530 level. A downside break below the $0.530 level 
could open the doors for a test of $0.5120. The next major support is near the 
$0.50 level where the bulls might emerge. Technical Indicators Hourly MACD – 
The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. 
Major Support Levels – $0.5520 and $0.5300. Major Resistance Levels – $0.5850 
and $0.6000.

Cardano (ADA) Bears Active — Token at Risk of Another Leg Down

Bitcoin has regained some upward momentum, with its market price currently 
hovering around $107,155 at the time of writing. This marks a 0.4% decrease in 
the past 24 hours, and a 4.3% drop below its all-time high of $111,000, set in 
May. Despite the rebound, analysts are closely watching for potential shifts 
in momentum as a number of market indicators and macroeconomic signals suggest 
a more cautious short-term outlook. Among the recent developments drawing 
attention is a sharp rise in Net Taker Volume on Binance, along with 
significant stablecoin outflows from derivative platforms. CryptoQuant analyst 
Amr Taha noted in a recent market commentary that these changes could indicate 
increased speculative activity. While some traders interpret such surges as 
bullish signals, they often occur due to short liquidations or sudden retail 
buying rather than consistent organic demand. Related Reading: Bitcoin Short- 
Term Holder Floor Rises Toward $100,000, Reinforcing Bullish Sentiment 
Derivatives Activity and Fed Commentary Fuel Market Caution On June 24, 
Binance’s Net Taker Volume crossed $100 million for the first time since early 
June. This level of activity, according to Taha, can sometimes signal buying 
momentum but may also point to forced closures of short positions, especially 
in high-leverage environments. Taha emphasized that without strong capital 
inflows to back the movement, these bursts tend to be short-lived. 
Simultaneously, more than $1.25 billion in stablecoin liquidity has exited 
derivative exchanges, marking the largest capital outflow from these platforms 
since May. These outflows reduce the base for opening new leveraged positions, 
potentially dampening future market momentum. Taha also pointed to external 
economic cues, particularly a recent statement by US Federal Reserve Chair 
Jerome Powell. During his testimony before Congress, Powell signaled that rate 
cuts may be on the table depending on upcoming economic conditions. While 
looser monetary policy is often viewed as favorable for risk assets like 
Bitcoin, the shift also reflects underlying uncertainty. The analyst also 
mentioned that the Swiss Franc, traditionally seen as a safe-haven currency, 
has also surged against the US dollar, suggesting that some investors are 
leaning risk-off amid broader macroeconomic developments. Market Structure 
Remains Firm, But Momentum Is Slowing Separately, another CryptoQuant analyst 
known as Crypto Dan offered a different perspective using a bubble chart model 
that visualizes trading volume trends across exchanges. According to Dan, 
Bitcoin is currently experiencing a “cooling” phase. This implies reduced 
trading activity without dramatic spikes in volume, often seen as a sign that 
the market is consolidating rather than overheating. Related Reading: CME Gap 
At $92,000: Is A 12% Retrace Inevitable For Bitcoin? He noted that while BTC 
remains close to its all-time high, the path forward may depend on 
macroeconomic catalysts such as confirmed interest rate cuts or regulatory 
clarity. Featured image created with DALL-E, Chart from TradingView

Bitcoin Net Taker Volume Spikes as Billions Exit Derivatives, What Going On?

US stock futures have hit record highs, fueling analyst predictions that 
Bitcoin could soon break past resistance to hit a new price peak.

US futures hit record high, setting Bitcoin up for new peak: Analysts

Artificial intelligence agents are exploding across the Web3 ecosystem, but AI 
tokens are telling a different story. According to a June 26 report by 
DappRadar, on-chain activity tied to AI agents has grown 86% since January, 
reaching 4.5 million daily…

AI tokens slide 64% despite 86% usage spike and $1.3B raised — Is the hype sustainable?

Nano Labs Ltd has launched a $500 million convertible notes offering to fuel 
its strategic acquisition of Binance Coin ( BNB), aiming to accumulate up to 
10% of its circulating supply over time. China’s Nano Labs Targets BNB 
Dominance With $500 Million Convertible Notes Strategy Nano Labs Ltd (Nasdaq: 
NA), a Chinese web3 infrastructure and […]