General News

Solana (SOL) has broken through the $90 resistance line, completing a strong technical foundation for a price surge.

According to CoinMarketCap and TradingView, virtual asset price websites, on March 16 (local time), Solana is currently trading at around $92.39. Solana recorded a modest increase of 0.30% over the past 24 hours, securing a market capitalization of $51.62 billion. Its daily trading volume also exceeded $2.12 billion, demonstrating ample market liquidity. Notably, it showed wide volatility today, ranging from $87.55 to $92.91, confirming the inflow of bargain-hunting buyers.

From a technical analysis perspective, Solana is firmly holding the $87 support level and breaking above the upper trendline of an ascending triangle pattern. The fact that the Relative Strength Index (RSI) is drawing a stable upward curve before entering the overbought zone increases the potential for further price appreciation. The current price is attempting to stabilize above the 20-day moving average, and a clear break above the $93 resistance level is expected to initiate a full-fledged long-term upward rally. Active internal ecosystem activities, such as Pump.fun's cumulative transaction volume surpassing $1 billion, are key drivers in enhancing price defense.

The fundamentals of the Solana ecosystem are further solidified through tangible indicators. Recently, the market size for real-world asset tokenization based on Solana reached $1.71 billion, setting a new all-time high. Increased network usage is a decisive factor in boosting Solana's intrinsic value. The trend of global financial companies like Visa and PayPal expanding partnerships, noting Solana's fast transaction speeds and low costs, is also a positive sign. Expectations for the introduction of a Solana spot ETF are also strengthening the market's downside rigidity.

Investors anticipate that the stabilization above $92 will be a crucial turning point in determining Solana's new price trajectory. Compared to its all-time high of $293.31 recorded in January 2025, the current price is widely analyzed as still being in an attractively undervalued range. With accelerated capital inflow from institutional investors, the growth of various decentralized financial services within the ecosystem is supporting the price increase. At this juncture, a strategy focusing on medium-to-long-term technical completeness and ecosystem scalability, rather than short-term selling pressure, is effective.

Solana is now evolving beyond a mere altcoin into a core asset of next-generation financial infrastructure. Amid macroeconomic uncertainties and market volatility due to rising energy prices, Solana's unique technological innovation is key to enhancing its price defense. If it decisively breaks past the $95 resistance level in the future, it is expected to fully seize market leadership and usher in a new bull run.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

As if scoffing at geopolitical crises and macroeconomic anxieties, the big three coins leading the virtual asset market staged a powerful dual-pull bull run, instantly thawing frozen investor sentiment and driving an explosive surge in Upbit's overall trading volume. In particular, XRP (Ripple) attracted overwhelming capital, securing the top spot in trading value, while the leading cryptocurrency, Bitcoin (BTC), is threatening the 110 million KRW mark.

According to local virtual asset exchange Upbit and cryptocurrency market aggregator CoinGecko on March 16 (local time), the leading cryptocurrency, Bitcoin, is trading at 108,538,000 KRW, up 1.49% from the previous day, and is cruising towards stabilizing at 110 million KRW. Ethereum (ETH), the leading altcoin, also surged 4.09% to 3,331,000 KRW, firmly fueling the bull market. The solid price resilience of Bitcoin and Ethereum is instilling confidence across the market, accelerating the influx of significant capital.

What is most striking is XRP's explosive supply and demand. XRP recorded a 2.07% increase to 2,170 KRW, while its 24-hour trading value soared past 284 billion KRW, firmly seizing the top spot in Upbit's trading volume, surpassing even the leading cryptocurrencies. On the other hand, some political-themed coins, such as the Official Trump (TRUMP) coin, which had recently garnered explosive market attention, saw a slight decline to the 5,885 KRW level, clearly demonstrating a shift of speculative capital back to major coins with solid fundamentals.

The buying frenzy centered around major coins directly translated into renewed vitality for the entire domestic exchange market. As CoinGecko data shows, Upbit's total 24-hour trading value surged by an astonishing 57.9% compared to the previous day, signaling the return of domestic investors who had left the market. Behind this surge in trading volume lies the continuous influx of institutional funds into spot exchange-traded funds, coupled with fierce buying pressure from investors seeking refuge in digital safe-haven assets amidst geopolitical tensions in the Middle East, which triggered a short squeeze (buying pressure to close or cover short positions), maximizing upward momentum.

Experts predict that as Bitcoin attempts to break past 110 million KRW based on strong support levels, the rotation of funds into key altcoins like XRP and Ethereum will further accelerate. While short-term volatility may increase depending on future macroeconomic data releases, the massive liquidity waiting on the sidelines, as evidenced by the 57.9% surge in trading volume in just one day, is expected to firmly defend against downturns and lead a robust long-term bull market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

Dogecoin (DOGE) is gearing up for a strong rebound rally, propelled by large-scale short position liquidations and an influx of buying pressure.

According to U.Today, a cryptocurrency specialized media outlet, on March 16 (local time), short positions totaling approximately 4,897,291 DOGE, valued at about $470,140, were forcibly liquidated in the Dogecoin market over the past 24 hours. This liquidation event is interpreted as a result of a mass exodus of investors who had bet on a decline, as Dogecoin's price showed an unexpected rebound. With the price increase, a short squeeze (buying pressure occurring to liquidate or cover short positions) phenomenon is emerging, alleviating downward pressure on the market.

Recently, Dogecoin has been on a gradual recovery path after confirming a low of $0.086. Currently trading around $0.096, Dogecoin has risen for three consecutive days since March 12, temporarily reaching $0.101. The price range is confined within a narrow box between $0.094 and $0.097, accumulating energy, which suggests that a trend expansion accompanied by strong volatility is imminent.

From a technical perspective, if Dogecoin breaks above the 50-day moving average near $0.1, it is expected to enter an upward trajectory towards $0.12. If it successfully settles above the $0.12 resistance level, a full-fledged rally towards $0.16 could be possible. Conversely, if the $0.09 support level breaks, there is a constant risk of retreating to the $0.0799 level, so investors must closely monitor the support at key inflection points.

A major catalyst that could influence Dogecoin's future price is the news of X's (formerly Twitter) payment feature implementation. While the integration of virtual assets into X's payment service, set to launch next month, remains uncertain, the market is showing high interest, anticipating synergy with Dogecoin. Nikita Bier, X's Head of Product, has previously hinted at the possibility of introducing virtual asset trading tools, signaling an expansion of the financial ecosystem within the platform, thereby raising expectations for the expansion of Dogecoin's real-world use cases.

As the overall virtual asset market enters a recovery phase, Dogecoin, as the leader among meme coins, is rapidly absorbing market liquidity. The increasing trading activity of Dogecoin among top market capitalization assets is interpreted as a sign of genuine demand recovery beyond mere speculation. Investors are closely watching changes in open interest and the community's momentum through social media to gauge the timing of Dogecoin's full-fledged upward rally.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

Amid surging international oil prices due to escalating geopolitical tensions in the Middle East, the leading cryptocurrency, Bitcoin (BTC), is embarking on a spectacular solo rally, even as other virtual assets like XRP (Ripple) remain in a wait-and-see mode. Global capital, having departed from traditional risk assets, is seeking refuge in digital gold to hedge against inflation, signaling the opening of a powerful bull market.

According to CoinMarketCap, a cryptocurrency market data aggregator, on March 16 (local time), Bitcoin traded at $73,905.28, up 3.18% over the past 24 hours, significantly outperforming the overall market. The most crucial factor behind this surge is the large-scale movement of macroeconomic funds. As military tensions in the Middle East intensified, international oil prices soared to $100 per barrel, their highest level since July 2022. Concerned about inflation and the depreciation of fiat currency, investors have chosen Bitcoin as an alternative store of value. Indeed, the correlation between Bitcoin and gold has surged to 28.14%, proving its role as an excellent hedge against geopolitical instability.

Fierce buying pressure from institutional investors and extreme position liquidations in the derivatives market also fueled the explosive rally. In March alone, US Bitcoin spot ETFs saw a net inflow of a staggering $1.3 billion, forming a solid buying base. Furthermore, Bitcoin forced liquidations surged by 420% over the past 24 hours, with 92% of these being positions betting on a decline, indicating that a massive short squeeze (buying pressure occurring to liquidate or cover short-selling positions) maximized the price increase.

From a technical perspective, Bitcoin is demonstrating strong upward momentum by firmly breaking through a significant milestone: its 50-day moving average of approximately $71,125. Market analysts predict that if Bitcoin stably holds the $71,500 support level, it is highly likely to retest the resistance zone between $74,000 and $75,000 soon. If this $74,000 barrier is breached and established as a new support level, the path to $77,000 will open wide.

However, behind this rosy outlook, there are also risks of short-term corrections. If profit-taking sales flood the market or if capital inflows into Bitcoin spot ETFs slow down, there is a risk of the price retreating to $69,000. Additionally, the passage of the US cryptocurrency market structure bill, the CLARITY Act, which is awaiting committee closure at the end of April, could impact regulatory sentiment. Therefore, investors should approach the market cautiously, closely monitoring macroeconomic indicators and institutional fund flows.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

While the virtual asset market, including the leading cryptocurrency Bitcoin (BTC) and XRP (Ripple), is experiencing an overall uptrend, the second-largest cryptocurrency, Ethereum (ETH), is attracting all market attention by staging an explosive rally on its own. The launch of a new institutional deposit product by Wall Street giant BlackRock has acted as a catalyst, seemingly leading a full-fledged altcoin bull market.

According to cryptocurrency market data aggregator CoinMarketCap on March 16 (local time), Ethereum surged 7.58% over the past 24 hours, trading at $2,269.25. This is an overwhelming performance, more than double the average rise of the overall cryptocurrency market (up 3.35%) and Bitcoin's rise (up 3.18%) during the same period.

The key driver behind this surge is the successful debut of BlackRock's newly introduced iShares Staking Ethereum Trust (ETHB). The product attracted over $100 million in assets immediately after its launch, demonstrating explosive institutional demand. It is interpreted that a large influx of long-term institutional capital, seeking stable interest income, has occurred as it allows for additional profit generation through staking, beyond simple price tracking.

Strong technical breakthroughs and capital rotation into altcoins also fueled the rally. Ethereum broke through the short-term resistance level of $2,210, and trading volume surged by an impressive 132.73%, supporting the upward trend. As indicated by the altcoin season index, which has surged 25% on a weekly basis, capital is moving from Bitcoin to major altcoins. The Relative Strength Index (RSI) on the daily chart recorded 82.22, indicating such strong buying pressure that it has entered an extremely overbought zone.

Ethereum's short-term direction will depend on whether it breaks past its recent high of $2,274.85. If it decisively breaks this resistance and stabilizes, the next target price is expected to be $2,392.87, the 161.8% Fibonacci extension level. Conversely, if profit-taking materializes due to the overbought condition, defending the $2,200 support level, where the 7-day simple moving average is located, will be crucial. If this also collapses, there is a risk of a correction down to the $2,150 to $2,100 range.

Experts evaluate that the current strength of Ethereum is a result of the combination of positive news, such as the launch of a solid institutional product, and technical momentum. While caution about short-term overheating is necessary, if the initial capital inflow into BlackRock's new product continues steadily, there will be sufficient additional upward momentum to test the $2,392 resistance level.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

XRP (Ripple) is clearly showing a short-term bullish trend, climbing to the upper $1.40s, driven by a surge in on-chain transactions and regulatory expectations.

According to CoinMarketCap, a cryptocurrency market data aggregator, on March 16 (local time), XRP traded at $1.48, having risen 4.32% in the last 24 hours. This increase surpasses the 3.35% growth in the total cryptocurrency market capitalization over the same period. Simultaneously, Bitcoin (BTC) also rose by 3.18%, boosting overall market sentiment towards risk assets.

Key factors behind this surge include a significant increase in XRP Ledger network activity and regulatory expectations. Daily transaction counts have nearly tripled year-over-year, approaching 3 million this week. The market also views expectations for regulatory clarity within the U.S. as a supporting factor for investor sentiment. In particular, there is an interpretation that expectations related to the U.S. crypto market structure bill and the Clarity Act could favorably impact XRP's mid-to-long-term valuation.

Technical trends also fueled the ascent. XRP recently broke through the resistance level near $1.45, which was considered the upper bound of its trading range, and trading volume surged by 107.53%, adding strength to the upward movement. The Moving Average Convergence Divergence (MACD) histogram also turned positive, signaling an improvement in short-term momentum. The market is noting that this move is not just a simple rebound but a breakout accompanied by significant trading volume.

The short-term turning point is whether XRP can stabilize above $1.45. If it holds this level, the next target price mentioned is $1.51, corresponding to the 38.2% Fibonacci retracement level. Conversely, if it falls below $1.36, there is a possibility of a correction down to the recent low near $1.27. Analysis suggests that the market direction is also closely linked to whether Bitcoin can stably hold above the $73,000 mark.

The biggest variable this week is the U.S. Federal Reserve's (Fed) interest rate decision, scheduled for March 19. While the market currently maintains a cautiously bullish outlook on XRP, the key point for determining the next trend will be the reaction in the $1.45-$1.50 range after the interest rate decision. Notably, the fact that XRP's trading volume on Korean exchanges exceeded $120 million in the last 24 hours also raises questions about whether regional demand will be limited to short-term speculative buying.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

Virtual asset-related stocks are receiving intense market attention this week, fueled by aggressive accumulation by major companies and positive outlooks.

According to the cryptocurrency specialized media CoinGape on March 15 (local time), Bitmine (BMNR), Circle (CRCL), and Strategy (MSTR) were selected as virtual asset-related stocks that investors should pay attention to this week. Each company has emerged as a key indicator in the stock market by increasing its asset holdings or achieving positive earnings forecasts despite the recent volatility in the virtual asset market. Experts evaluate the actions of these companies as an important signal foreshadowing the institutionalization of the virtual asset market and a long-term increase in value.

Bitmine, led by Fundstrat founder Tom Lee, recently acquired an additional 5,000 ETH, drawing market attention. Despite incurring approximately $7.5 billion in unrealized losses, Bitmine accumulated 5,000 ETH, driving a stock price rebound. Bitmine's decision is cited as an example demonstrating strong confidence in the long-term value of virtual assets. Market participants expect Bitmine's asset management approach to positively impact virtual asset-related stocks across the board.

Circle demonstrated strong growth in the stablecoin market, with USDC supply reaching $80 billion, threatening Tether. Mizuho analysts raised Circle's target stock price from $100 to $120, increasing expectations for improved performance. As the practical use cases for USDC expand, Circle's corporate value is also rising. Based on regulatory compliance and transparency, Circle is attracting significant institutional investor funds, aiming for dominance in the stablecoin market.

Strategy became the center of attention when Michael Saylor directly refuted former UK Prime Minister Boris Johnson's critical remarks about Bitcoin. Saylor emphasized the legitimacy of Bitcoin (BTC) accumulation strategy, focusing on alleviating market anxiety. Strategy continues to maintain its unique position as a major Bitcoin holder and is expected to lead weekly market trends. Saylor's statements suggest that Bitcoin is solidifying its position as a store of value beyond merely a speculative tool.

This week's trend for virtual asset-related stocks is expected to be determined by the actual demand from institutions and the market's response to regulations. Investors should observe each company's asset holdings and changes in experts' target stock prices to formulate response strategies. As the correlation between virtual assets and the stock market deepens, major companies' earnings announcements and disclosures will serve as crucial variables determining future price directions.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

Cardano (ADA) is being threatened by its yearly low as a large-scale exodus of whales and investor panic selling overlap.

According to crypto media outlet BeInCrypto on March 15 (local time), Cardano whales have dumped approximately 380 million ADA into the market over the past three weeks. The total sell-off amounted to about $103 million. This move by large investors is acting as a critical factor undermining market confidence. As the whale sell-off continues unabated, the downward price pressure on Cardano is intensifying day by day.

Santiment's on-chain data clearly shows the pain currently being experienced by investors. The Market Value to Realized Value (MVRV) indicator and Realized Profit/Loss indicator suggest that Cardano holders are currently in a severe loss zone. As individual investors, unable to bear their losses, join the sell-off, a panic-selling phenomenon is rapidly spreading in the market. The deterioration of investor sentiment is the biggest obstacle preventing a short-term price rebound.

Technical analysis indicators also support Cardano's grim outlook. Cardano is currently trading below its 20-day EMA, drawing a clear downward curve. The current price is fluctuating around $0.264, struggling to break through the resistance level of $0.269. If the support level of $0.254 breaks, there is a high risk that the price could fall to $0.243. Flaws in the technical structure observed across multiple timeframes clearly reveal the absence of buying power.

With falling whale confidence and individual investor fear intertwined, the entire Cardano ecosystem is being shaken to its core. The act of whales liquidating large amounts of assets is perceived as a strong sell signal in the market. The most painful aspect is the absence of clear positive news that could reverse the current pessimistic atmosphere. Cardano's survival ultimately depends on whales resuming accumulation and successfully holding key support levels.

Cardano is currently fighting a desperate battle to put an end to its downtrend. Only by breaking the strong resistance level of $0.269 can it seize the opportunity to invalidate the bearish scenario. The situation where large-scale whale selling continues to overwhelm market buying power is the biggest obstacle to price recovery. Investors are observing market changes, focusing on whether the $0.254 support level can be defended.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

Despite geopolitical crises in the Middle East and turmoil in global stock markets, the leading cryptocurrency Bitcoin (BTC) has strongly broken through its key resistance level, the 50-day moving average, for the first time in two months, leading overall investor sentiment in the crypto market, including XRP (Ripple), and signaling the start of a full-fledged bull run.

According to crypto media outlet CoinDesk on March 16 (local time), Bitcoin surged over 3% in the past 24 hours, surpassing the $73,700 mark at the time of writing, and peaking at $73,868 during intraday trading. Notably, it strongly jumped over the 50-day moving average of $71,125, which was considered a major resistance level in the market, further solidifying its upward momentum.

This positive price movement for Bitcoin occurred after several days of robust recovery, even amidst geopolitical tensions from the Iran war and severe turmoil in global stock markets, particularly those in Asia. Alex Kuptsikevich, a senior market analyst at FxPro, stated in an email interview that since the 50-day moving average is an indicator of the mid-term trend, a clear breakthrough of this level will be a significant turning point for the market in the future.

However, this technical breakthrough does not necessarily guarantee a long-term upward trend. For example, in early January, after breaking the 50-day moving average, the price saw a short-term rise of about 8%, but that momentum faded within just two weeks, turning back into a sell-off. This indicates that mixed results have occurred in the past, which should be kept in mind.

Nevertheless, the current upward breakout, as the price approaches the $75,000 mark, foreshadows further rallies along with extreme volatility. $75,000 is a critical zone where market makers, who provide liquidity to exchanges, hold billions of dollars in net short gamma positions.

Therefore, if Bitcoin's price continues to rise towards $75,000, market makers will inevitably have to buy large amounts of Bitcoin at higher prices to rebalance their net exposure to neutral, which is expected to act as a powerful catalyst further amplifying market volatility.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

An analysis suggests that Solana could once again test the possibility of breaking $100, driven by institutional capital inflows and an expanding derivatives market.

According to the investment media FXStreet on March 16 (local time), Solana (SOL) has risen by approximately 13% over the past week and is trading above $90, attempting to break the upper bound of a price range that has persisted for over a month. However, in the short term, the 50-day Exponential Moving Average (EMA) is acting as a key resistance limiting further upward movement.

Institutional investment demand continues steadily. According to SoSoValue data, Solana-related ETFs saw an inflow of approximately $7.6 million on Friday alone, bringing the weekly net inflow to about $10.7 million. Continuous ETF capital inflows indicate that institutional investor interest remains strong and is considered a factor alleviating downward price pressure.

Capital inflow is also evident in the derivatives market. According to CoinGlass, Solana futures open interest increased by over 7% in the last 24 hours, expanding to approximately $5.57 billion. Simultaneously, liquidations totaling approximately $15.5 million occurred, with about $14.43 million of this attributed to short squeezes (buying pressure resulting from the liquidation or covering of short positions), indicating a significant clearing of bearish positions.

Technical indicators also suggest short-term upward potential. The Moving Average Convergence Divergence (MACD) has entered positive territory, signaling an expansion of upward momentum, and the Relative Strength Index (RSI) is around 58, above the neutral line, indicating short-term bullish dominance. However, the price still remains below the 50-day Exponential Moving Average (EMA) at approximately $94.17, making this level a key short-term resistance.

Experts believe that if Solana clearly breaks the 50-day EMA, it is likely to test the 100-day EMA at approximately $109.58 as its next target. Conversely, if upward momentum weakens, there is also a forecast that the price could adjust back down to the support level of approximately $78.35.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

Tether, the world's largest stablecoin issuer, is accelerating the construction of a decentralized intelligent ecosystem by foreshadowing technological innovations that transcend the limitations of artificial intelligence (AI) infrastructure.

According to cryptocurrency media outlet BeInCrypto on March 16 (local time), Tether CEO Paolo Ardoino announced that Tether's AI division would unveil achievements this week that could be called true innovation. This announcement, which dramatically boosts the performance of the QuantumVerse Automatic Computer (QVAC), is the next step in Tether's decentralized intelligence strategy. Tether aims to implement a serverless environment that can perfectly run AI models on personal devices without cloud servers or external API keys.

Tether is boldly investing the enormous profits secured through its virtual asset operations into new technology sectors. Bolstered by returns from managing $141 billion in US Treasury bonds, Tether recorded over $10 billion in net profit in 2025 alone. Based on its immense capital, Tether Data has invested billions of dollars in future core technologies such as artificial intelligence, energy, and peer-to-peer communication infrastructure. CEO Ardoino emphasized that checking the monopolies of centralized tech giants and securing technological autonomy are key to these investments.

The recently successful QVAC ecosystem is rapidly expanding its capabilities. Following the release of Genesis I, a synthetic dataset comprising 41 billion tokens, in October last year, Tether consecutively launched Genesis II, which expanded it to 148 billion tokens, and QVAC Fabric LLM, an open-source framework, in December. Recent demonstrations have shown complex reasoning and task automation being reliably performed in a local environment, even on low-performance laptops, in conjunction with third-party tools, raising user expectations.

The AI strategy is moving towards ecosystem vertical integration through the combination of hardware and software. Tether has invested $200 million in Blackrock Neurotech, a brain-computer interface company, securing a majority stake, and has also funded Generative Bionics, an Italian robotics startup. These moves align with a long-term vision to combine payment systems with autonomous AI agents to support automated economic activities using Bitcoin (BTC) and USDT.

Technological innovation is expected to involve the full open-sourcing of the QVAC Assistant framework or the emergence of advanced on-device models optimized for mobile devices. However, some caution is raised, suggesting that it remains to be seen whether the actual results will match the announced figures, citing Tether's transparency issues and its promotional methods using social media. The world's attention is focused on whether Tether can demonstrate practical technological capabilities to reshape the AI industry based on its market dominance.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*

While market attention is focused on major cryptocurrencies like the leading asset Bitcoin (BTC) and XRP (Ripple), the smart contract platform Cardano (ADA) is generating strong upward momentum, fueled by intensive accumulation by whales and positive indicators in the derivatives market, significantly raising investor expectations.

According to the investment media outlet FXStreet on March 16 (local time), Cardano has maintained a solid trend above $0.27 after surging over 8% last week, breaking through a long-term downtrend line. Examining supply distribution data from the on-chain data analytics platform Santiment reveals that certain whale wallets have seized the opportunity of recent price corrections to heavily accumulate ADA, providing strong support for a bullish outlook. Specifically, a group of whales holding between 1 million and 10 million ADA tokens aggressively absorbed a total of 60 million tokens from Friday to Monday.

Conversely, during the same period, a larger group of whales holding between 10 million and 100 million tokens was observed to have capitulated, dumping 50 million units onto the market. This indicates that when larger whales panic-sell and shock the market, relatively smaller whales shrewdly recognize this as an excellent opportunity to accumulate assets at discounted prices and act swiftly.

In addition to the positive movements by investors, data from the derivatives market also strongly supports a bullish bias. According to Coinglass data, the Open Interest for ADA futures on the Binance exchange reached $104.63 million as of Monday, showing a consistent upward trend since early March. This increase in open interest indicates new capital inflow into the market and aggressive buying pressure. Furthermore, funding rates turned positive on Sunday and surged to 0.009% on Monday, a phenomenon where long positions pay short positions, which has historically accompanied sharp price increases.

From a technical analysis perspective, clear signs of a full-fledged rebound are also detected. The price has broken through the downtrend resistance line near $0.25, perfectly converting that area into a medium-term support base. The Relative Strength Index (RSI) on the daily chart stands at 53, maintaining stable momentum above the midline, and the Moving Average Convergence Divergence (MACD) is also firmly holding above its signal line and zero line, expanding its positive histogram, suggesting that buyers are in control of the market.

However, there are still hurdles to overcome for a full-scale bull run. The price remains below the 50-day and 100-day Exponential Moving Averages, which are clustered between $0.29 and $0.35. If it surpasses the immediate resistance level of $0.29 and establishes a daily close above the 100-day moving average at $0.34, the path to the $0.40 area will be wide open. Conversely, in case of a decline, $0.27 will act as the first line of defense, and if $0.25 is breached, the initial bullish sentiment could cool down significantly, with a risk of falling to $0.24.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*