Immutable’s IMX token is flashing a bullish double-bottom pattern just as the network overtakes Ethereum in weekly NFT sales.

Immutable flips Ethereum in NFT volume: Can IMX’s double bottom hold?

The tokenized real-world asset (RWA) market has exploded from $5 billion in 
2022 to over $24 billion by June 2025, marking 380% growth and cementing RWAs 
as crypto’s second-fastest-growing sector after stablecoins. Onchain Finance 
Transforms: RWAs Hit $24B Led by Tokenized Treasuries and Credit According to 
a comprehensive report by Redstone, and co-authored by Gauntlet […]

Redstone Report: RWA Market Caps $24B With 85% YoY Growth as Tokenization Goes Mainstream

The Cardano price performance has been nothing short of shambolic since the 
start of May, falling from the lofty heights of $0.85 in less than two months. 
According to data from CoinGecko, the altcoin’s value has declined by more 
than 24% in the past month. While the price of ADA saw an explosive growth at 
the beginning of the second quarter, the token is now back where it started in 
April — just above the $0.5 mark. Interestingly, the signs are pointing to 
further decline for the Cardano price over the next few weeks. ADA Price Stuck 
In Descending Channel On Friday, June 27, prominent market analyst Ali 
Martinez took to the social media platform X to share an ominous prediction 
for the ADA token’s price. According to the crypto pundit, the Cardano price 
could be heading to around $0.47 for its next support. Related Reading: 
Ethereum’s Network Is Heating Up While Price Stalls, Is a Breakout Coming? 
This bearish projection revolves around the appearance of a descending channel 
pattern on the three-day Cardano chart. A descending channel is a chart 
formation in technical analysis characterized by two major trendlines: the 
upper line acting as the resistance level and the lower line acting as the 
support level. The space between these trendlines serves as the channel within 
which prices move over a period. Typically, the formation of a descending 
channel suggests the persistence of a downward price trend and lower highs. At 
the same time, traders can use this pattern to identify optimal entry and exit 
points. The Cardano price chart above, for instance, shows that the altcoin 
price has been in a downward trend since last November. The token seemed to 
have turned its fortune around after finding support at the lower trendline in 
early April and running back above the $0.8 level. However, the Cardano price 
failed to break the upper trendline at the beginning of May and has since been 
experiencing a downturn. According to Martinez, the ADA token could fall to as 
low as $0.47 — around the lower trendline — to find a support cushion. 
Moreover, the 1.272 Fibonacci level — used in technical analysis to identify 
price targets and support or resistance levels — is also around the lower 
trendline. Ultimately, this means that the Cardano price could fall even lower 
than its current price point. Cardano Price At A Glance As of this writing, 
the ADA token is valued at around $0.56, reflecting a 1.3% price jump in the 
past 24 hours. According to CoinGecko data, the price of Cardano is down by 
more than 3% in the last seven days. Related Reading: XRP Down 3% After SEC 
Settlement Stalls, But Social Media Turns Bullish Featured image from 
Investopedia, chart from TradingView

Cardano Price Woes To Continue? Analyst Expects ADA To Fall To $0.47

Crypto startups raised a hefty $739.5 million across 17 deals during the week 
of June 22–28, 2025, marking one of the sector’s strongest funding stretches 
in months, with infrastructure and institutional-focused projects leading the 
charge. Topping the list was Kalshi,…

Crypto VC funding: Kalshi dominates with $185m, Bit Digital secures $150m

The NFT market has posted a recovery with sales volume rising by 8.17% to 
$125.1 million. This marks a rebound from the previous week&#8217;s decline. Bitcoin 
(BTC) has surged to the $107,000 level. At the same time, Ethereum (ETH) has…

NFT sales reach $125m, Ethereum dethrones Polygon

Bitcoin experienced a rebound after dropping below $100,000 for the first time 
in over 46 days, ending the week just above $107,000. The overall crypto 
market capitalization increased from approximately $3.2 trillion to $3.4 
trillion in response to the Iran-Israel ceasefire news. Ceasefire a Boon for 
Markets After dropping below the $100,000 mark for the […]