Cardano (ADA) has struggled over the past week, dropping more than 23% and remaining below $1 for over seven days. Despite this bearish pressure, technical indicators suggest that the current downtrend may be losing strength.

ADX readings show that selling momentum is fading, while whale addresses continue to decline, signaling that large investors have been offloading their holdings. Given these indicators, ADA price could soon test key resistance levels at $0.64.

Cardano’s Current Downtrend Is Fading

ADA’s Average Directional Index (ADX) has dropped to 23.4, declining from 34 yesterday and 37 two days ago. ADX is a key indicator used to measure the strength of a trend, regardless of direction, on a scale from 0 to 100.

Generally, readings above 25 indicate a strong trend, while values below 20 suggest weak or consolidating market conditions. A falling ADX signals that the current trend is losing strength, even if price movement continues in the same direction.

With ADA’s ADX declining significantly, it suggests that the ongoing downtrend may be weakening.

Since Cardano remains in a downtrend, the ADX drop to 23.4 indicates that bearish momentum is slowing, though it has not fully disappeared.

If ADX continues to decline and falls below 20, it would suggest that selling pressure is fading, potentially leading to consolidation or a reversal. However, for a true trend shift, ADA would need buying volume to increase alongside a rise in ADX, confirming renewed strength.

If the ADX stabilizes near current levels and turns upward again, the downtrend could regain momentum, keeping ADA under pressure in the short term.

ADA Whales Are Steadily Dropping In The Last Few Days

The number of Cardano whale addresses – those holding between 1 million and 10 million ADA – has dropped to 2,455, down from 2,484 on March 8.

This steady decline suggests that large holders have been offloading their positions over the past few days. Tracking whale activity is crucial because these high-value investors often influence market trends.

When whales accumulate, it signals confidence in the asset and can lead to price increases, while declining whale numbers suggest distribution, which can add selling pressure to the market.

With ADA whale addresses now at their lowest level since March 2, this trend could indicate weakening confidence among large holders despite Cardano being included in the US strategic crypto reserve.

If this pattern continues, it may lead to increased volatility as smaller investors absorb the selling pressure. A sustained drop in whale holdings could also suggest that ADA lacks strong buy support at current levels, potentially prolonging its downtrend.

However, if whale numbers stabilize or begin to rise again, it could signal renewed accumulation, potentially helping ADA regain momentum.

Will Cardano Rise Back To $1 Soon?

ADA’s EMA lines indicate that Cardano is in a consolidation phase. The short-term EMAs remain below the long-term ones, but their gap is not significant.

This suggests that bearish momentum is not dominant, and a shift in trend could occur if buying pressure increases. If ADA can test the resistance at $0.75 and establish an uptrend, it could climb toward $0.81.

A stronger bullish breakout could push Cardano’s price higher. The potential upside targets are $1.02 and even $1.17, if momentum continues to build.

On the downside, if selling pressure intensifies, ADA could test its key support at $0.64.

Losing this level would weaken its structure and increase the likelihood of further declines, potentially sending the price down to $0.58.

The relatively close EMA lines indicate that Cardano is in a pivotal phase, during which either a breakout or a breakdown could occur.

US inflation eased in February for the first time in four months; an aspect that has aided the much-awaited crypto recovery. Even so, most cryptocurrencies, including majors like Bitcoin, remain under selling pressure amid tariff jitters. The hype surrounding meme coins has also slowed in recent months with several recording double-digit losses.

However, revolutionary projects like Bitcoin Pepe continue to capture the attention of savvy investors worldwide. Less than a month since the launch of its presale, the crypto has sold out its initial five stages as meme coin lovers and Bitcoin enthusiasts alike rush to amass BPEP tokens at an affordable rate. 

Pepe readies for a breakout as inflation data bolsters crypto recovery

Since early December 2024 when it hit its all-time high, Pepe has plunged by about 74%. Indeed, this is not an isolated case as some major meme coins like Dogecoin, Shiba Inu, and Popcat have also recorded double-digit losses during the same timeframe. 

A look at Pepe’s daily price chart indicates that the crypto may successfully stage a breakout in the ensuing days or weeks. Earlier in the week, the meme coin hit its lowest level in over a year at $0.000005228 as the sell-off continued to weigh on cryptocurrencies. It has since rebounded to $0.000007130 as at the time of writing. 

While it is still trading below the 25 and 50-day EMAs, its RSI indicator is facing upwards. Besides, the encouraging US CPI data released on Wednesday has contributed to the observed crypto recovery.

According to Labor Department, the country’s inflation has eased for the first time in four months; slowing beyond expectations in February. The headline CPI dropped to 2.8% from 3% while core inflation was down from 3.3% to 3.2%. 

In the short term, the range between the support zone of $0.000005580 and the resistance level of $0.000009246 will be worth watching. Notably, the crypto may face some resistance along the 25-day EMA at $0.000007890 before gathering enough bullish momentum to rebound further. 

Bitcoin Pepe’s potential to sustain its momentum growth 

The hype surrounding meme coins has cooled in recent months as the bitcoin season persists. Even so, savvy investors are still on the look out for revolutionary projects with huge growth potential. Indeed, it is Bitcoin Pepe’s uniqueness and potential that has attracted a large number of investors in such a short period.

In less than a month, the project has already sold out its initial five stages and has raised over $4.6 million. As its momentum builds steadily, Bitcoin Pepe has secured its position as one of the ICOs crushing it in 2025. 

Its vision of building Solana on Bitcoin is seen to be the network’s missing puzzle and investors are rushing to amass some BPEP tokens at an affordable price. Its Layer-2 solution creates an ideal meme trading platform that assures speed and security.

Besides, its pricing model favors long-term holders and early adopters. At the current stage 6, the initial investors have already secured gains of 27.6%. By the end of the 30 stages, their capital investment will have earned cumulative gains of 311.4%. As such, this is the opportune time for savvy investors to board this highly profitable bandwagon. Hurry up and buy Bitcoin Pepe here.

Shift in market sentiment to offer Bitcoin price another chance at retesting crucial zone

The crypto fear & greed index still exudes fear as the selling pressure continues to shape the sector. However, Bitcoin price appears to be finding its floor as the market reacts to the positive US inflation data. 

A look at its daily chart indicates that the crypto is still trading below the 25 and 50-day EMAs; a sign that it is not out of the woods yet.

 In the short term, the range between the support zone of $80,525 and the 25-day EMA at $88,096 will be worth watching. A shift in the market sentiment may have the bulls break that resistance for a chance to rebound past the crucial zone of $90,000. More specifically, the target will be along the 50-day EMA at $91,498. 

Stellar (XLM) has surged more than 10% in the last 24 hours, attempting to recover from a 15% correction over the past month. Despite this rebound, XLM’s trend remains at an important point, with its market cap now standing at $8.6 billion.

Technical indicators show that buying pressure has increased significantly, with DMI and CMF both pointing to growing accumulation. However, XLM still faces key resistance levels, and whether it can sustain this momentum will determine if the price can break above $0.35 or if further consolidation is ahead.

XLM Chart Shows Buyers Are Now In Control

Stellar’s DMI chart shows that its Average Directional Index (ADX) has dropped to 28.7, down from 35.6 two days ago. ADX is a key indicator that measures the strength of a trend, regardless of direction, with values above 25 typically signaling a strong trend and values below 20 suggesting a weak or consolidating market.

A declining ADX, even while the price moves in a certain direction, indicates that the strength of the trend is fading.

In this case, the drop from 35.6 to 28.7 suggests that Stellar’s bearish trend is weakening, creating an opportunity for a possible shift in momentum.

Looking at the Directional Indicators, +DI has surged to 31.2 from 8, while -DI has dropped to 16.4 from 30.7. This major shift in buying and selling pressure suggests that bulls have regained control after a period of strong selling.

Since Stellar is attempting to transition from a downtrend into an uptrend, this increase in +DI is a positive signal. However, for the new trend to gain strength, ADX would need to stabilize and turn upward, confirming growing momentum.

If ADX continues declining, XLM could consolidate before making a decisive move, but if it rises alongside +DI, it will reinforce a stronger breakout to the upside.

XLM CMF Has Surged Since March 10

Stellar’s Chaikin Money Flow (CMF) indicator has risen to 0.13, recovering from -0.14 just three days ago, after briefly peaking at 0.18 a few hours ago. CMF measures buying and selling pressure by analyzing both price movement and volume on a scale from -1 to 1.

A positive CMF value suggests that buying pressure is dominant, while a negative reading indicates stronger selling activity.

Generally, values above 0.05 signal accumulation, whereas values below -0.05 indicate distribution, making CMF a useful tool for assessing whether capital is flowing into or out of an asset.

With Stellar’s CMF now at 0.13, buying pressure has clearly strengthened, reversing the prior bearish trend seen when CMF was negative.

This shift suggests that investors have been accumulating XLM over the past few days, supporting its recent price recovery. However, since CMF peaked at 0.18 before slightly declining, some short-term profit-taking may have occurred.

If CMF remains in positive territory and trends higher again, it will reinforce further upside potential, but if it starts dropping back toward negative values, it could signal weakening demand and a possible price pullback.

Will Stellar Surpass $0.35 In March?

Stellar’s EMA lines still indicate a bearish trend, with short-term EMAs positioned below the long-term ones. However, the recent upward movement in short-term EMAs suggests that momentum could be shifting, increasing the chances of a trend reversal.

If buying pressure continues, Stellar’s price could rise to test the resistance at $0.309, a key level that would determine whether the recovery can sustain itself.

A breakout above this resistance could fuel further upside, potentially pushing XLM toward $0.349. A stronger uptrend could lead to a rally toward $0.375.

On the downside, if the short-term recovery loses strength and buyers fail to establish an uptrend, Stellar could face renewed selling pressure.

In this scenario, the first key support level to watch would be $0.273, which has acted as a critical zone in previous price action. A breakdown below this level could expose XLM to further losses, with support at $0.252 as the next major level.

If bearish momentum intensifies, the price could decline further, potentially reaching $0.226, marking a deeper correction before any potential reversal.