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Crypto

Cardano rebound gains, analyst sees room for another 60 percent rise

Cardano (ADA) has broken above a long-term downtrend line, boosting expectations for further gains. Crypto analyst Lucky Luciano said ADA is preparing for a major rally and is rebuilding a parabolic uptrend on the ADA/USDT daily chart. ADA was trading around $0.27 after rising about 9 percent over the past seven days. The market is watching the $0.28 to $0.30 zone as a key test, with support seen at $0.23 to $0.27.

Crypto

XRP buying edge weakens; $1.4466 to set near-term direction

XRP has entered a key zone that could determine its next move between short-term support and overhead resistance. It is testing direction between $1.4466 and $1.5815. After rising to near $1.70 in the week ended Aug. 17, it slid to $1.25 in mid-September before recovering $1.50 and meeting resistance near $1.6569. Weekly trend indicators and daily momentum have weakened, while money flow has turned negative, keeping attention on $1.4466 and $1.5815.

Crypto

Bitcoin hits August high overnight as focus turns to U.S. CPI and PPI this week

Bitcoin rose to an August high near $65,420 ahead of the weekly close, shifting market attention to U.S. inflation data due this week. July CPI and PPI are scheduled for release on Aug. 12 and 13, after both came in below expectations last month. Analysts pointed to shifting expectations for a Fed rate hold in September. The article also highlights yen intervention, technical resistance near $65,800, mixed on-chain signals and weak spot market activity.