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Crypto

Cardano shows past 1,600 percent surge pattern; 0.1119-dollar support in focus

Cardano (ADA) is showing a bullish technical pattern within a long-term descending channel, with a breakout seen as a key turning point for the medium-term trend. TradingView analyst Akbar Karimzpe said a move above the channel’s upper boundary could trigger another rally, citing a previous 1,600 percent rise after a similar setup. He flagged 0.1119 dollars as a critical support. Other analysts pointed to RSI and Fibonacci signals but said confirmation is still lacking.

Crypto

XRP reclaims $1.40 but smart money turns extremely bearish

XRP rebounded from a short-term low and recovered the $1.40 level, but smart money sentiment on Binance and Bybit slid into an extremely bearish zone. Indicators cited by The Crypto Basic showed weakening smart money flows, fueling caution over whether the rebound can continue. While some long-to-short ratios for retail traders and whales were strong on some exchanges, futures taker data pointed to a slight selling edge. Technical signals showed both support and downside risk around $1.37.

Crypto

Cardano rebound scenario emerges at crossroads of $0.19 and $0.95

A new analysis says Cardano may be able to attempt a second rebound after escaping a long-term downtrend structure. Crypto analyst Rana Valentis said ADA has completed an initial bounce after breaking out of a declining channel and could now enter a second rebound phase. The key levels are $0.19 support and $0.24 resistance. A firm break above $0.24 could signal a new uptrend, with targets up to $0.95, though seasonal September weakness may weigh.