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Cardano continues to move sideways in the short term. It's located at 0.3847 at the time of writing. The altcoin could extend its current range and I believe that only a strong move in Bitcoin could bring us a clear direction on this market.
ADA/USD is down by 0.49% in the last 24 hours and is up by 1.59% in the last 7 days. Technically, the price action signals strong buyers, but an upside continuation needs confirmation.
From the technical point of view, Cardano developed a major symmetrical triangle. It has failed to test and retest the uptrend line in the last attempt signaling strong upside pressure.
Now, it stands near the downtrend line which represents a dynamic resistance. The former high of 0.3884 is seen as a static resistance. Staying near the resistance levels may announce an imminent breakout.
Jumping, closing, and stabilizing above 0.3884 and above the downtrend line activates further growth.
On the other hand, false breakouts through the resistance levels may announce a new sell-off.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
BTC/USD is rising again today after yesterday's dip, overall maintaining its bullish momentum. Fundamentally, conditions continue to support BTC/USD growth in the medium term. The global economic and market landscape
Bitcoin – Friday, July 4, 2025. With an inflow into the Bitcoin ETF around USD$ 50 billion, it shows strong interest from investors, thus strengthening the legitimacy of this cryptocurrency
Ripple – Friday, July 4, 2025 Friendly regulatory pressure and the case with the SEC that seems to be stopped and open interest in the derivatives market that has jumped
Bitcoin has encountered significant resistance around $110,000, and it is unlikely to break through this level easily in the near term. Ethereum is also facing difficulties moving above the $2,600
Bitcoin and Ether have resumed growth, reaching new weekly highs amid favorable macroeconomic conditions. Over the past 24 hours, Bitcoin has risen by 2.5%, trading above $109,000. Ethereum also advanced
Bitcoin continued its correction and during today's Asian trading session reached a new level of $105,000. Ethereum also dropped significantly but was quickly bought back, stabilizing around $2,425. Meanwhile
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