Cardano (ADA) is down nearly 8% over the past 30 days but has gained almost 3% in the last 24 hours as short-term momentum picks up.

The token’s market cap stands at $26 billion, while its trading volume has surged 30% in the past day, reaching $903 million. Technical indicators are starting to show early signs of a potential trend reversal after a period of bearish pressure. Here’s a closer look at the key signals and price levels shaping ADA’s outlook this week.

ADA BBTrend Is Now Positive After 6 Days

Cardano’s BBTrend has just turned positive, ending a six-day streak in negative territory, which included a low of -26.13 on March 12. The indicator is now sitting at 0.83, signaling a shift in momentum after the recent downtrend.

While this is still a relatively low reading, the move back into positive territory could be an early sign of strengthening buying pressure.

The BBTrend (Bollinger Band Trend) measures the strength and direction of price movement relative to the Bollinger Bands. Positive values indicate an uptrend, while negative values point to a downtrend.

Since ADA’s BBTrend hasn’t risen above 10 since March 8, the current reading of 0.83 suggests that, although the bearish pressure has eased, momentum remains weak. For a stronger bullish signal, traders would typically look for the BBTrend to push above 10, confirming a more decisive upward move.

Cardano DMI Shows Sellers Are Losing Control

Cardano’s DMI chart shows that its ADX has dropped to 13.7 from 17.5 in the past 24 hours, suggesting a weakening trend strength. While the ADX is still signaling a trend, the lower reading points to reduced momentum compared to the previous day.

The Average Directional Index (ADX) measures the strength of a trend, regardless of its direction.

Readings above 25 indicate a strong trend, while readings below 20 often signal a weak or range-bound market. Currently, ADA’s +DI has risen to 19.1 from 15.96, while the -DI has dropped to 19.31 from 25.48, showing that bearish momentum is fading as bullish pressure slowly builds.

With the +DI and -DI lines close to crossing, ADA appears to be in the early stages of attempting to reverse from a downtrend to a potential uptrend, though a stronger ADX would be needed to confirm a solid trend shift.

Will Cardano Rise Above $1.10 Soon?

ADA’s EMA lines have shown signs of consolidation over the past few days, though the overall structure remains bearish. Short-term EMAs are still positioned below the long-term ones.

However, recent signals from both the BBTrend and DMI indicators suggest that this trend could be shifting, with early signs of bullish momentum building.

If Cardano’s price manages to confirm an uptrend, it could first challenge the resistance at $0.77. A breakout above this level may open the path toward $1.02 and even $1.17, marking the first time ADA trades above $1 since March 3.

On the downside, if bearish pressure returns, ADA could retest support at $0.64, and a breakdown below this could push prices as low as $0.58, revisiting levels not seen since February 28.

Solana just celebrated its fifth birthday, and a recent study shows highly exaggerated USDT volatility on the network’s transport layer. This suggests a high level of speculative interest in the platform, fueled by the meme coin craze and other factors.

Web3 payments solutions platform Mercuryo shared this insight exclusively with BeInCrypto.

Solana’s Extreme USDT Volatility

Solana, the second-largest blockchain in the industry, just celebrated its fifth birthday. Its genesis block was mined on March 16, 2020. In honor of this milestone, Web3 infrastructure firm Mercuryo conducted a study on it.

According to this study, USDT volatility on Solana’s transport layer is currently at an “extreme” level.

“Solana captivates the interest of crypto traders across the globe. As Solana celebrates its fifth birthday, our transaction data on Tether tokens on the Solana transport layer suggests an unparalleled level of trading activity amid an explosion of interest in trading opportunities on Solana that we’ve seen over the past 12 months,” claimed Greg Waisman, Co-founder and COO at Mercuryo.

Solana’s USDT volatility has already spiked five times in 2025 alone. The network’s daily USDT trade volumes fluctuated dramatically in the past two months.

This consisted of three spikes and two drops, both of which were significantly smaller than the spikes. Both drops were in the 60%- 70% range, while the increases ranged between 100% and a whopping 137%.

More specifically, Solana saw a 100% increase in USDT trading on January 13. A week later, this activity dropped by 63% and again surged by 129% on January 27. This level of unprecedented capital movements is often rare for any blockchain network.

Mercuryo claims that this volatility is caused by several factors, but the explosion of Solana meme coins is particularly important. Thanks to major meme coin launchpads like Pump.fun, Solana trade volumes have spiked in recent months, even surpassing Ethereum on a few occasions. This rising interest helps fuel intense activity and these wild swings.

Over the past five years, its network has processed more than 408 billion transactions and nearly $1 trillion worth of value on decentralized exchanges. While Solana has shown gradual growth since 2023, the volatility of capital inflow has been chaotic, to say the least.

Ultimately, this enhanced level of volatility shows that Solana has a lot of interest among crypto traders. The network has grown remarkably over the last five years, and it’s already poised to make major advancements in the near future.

BinaryX (BNX) has emerged as the market’s top gainer today, surging 41% in the past 24 hours. The altcoin currently trades at $1.75, noting a 412% uptick in daily trading volume during that period. 

The rally comes as traders position themselves ahead of the highly anticipated BNX-to-FORM token swap, scheduled for March 21.

BNX Gains Momentum as Traders Bet Big Ahead of Token Swap

BinaryX launched the Four.Meme platform on July 3, 2024, and later rebranded to Four for a more cohesive identity. However, due to the widespread use of FOUR in the meme coin community, the team opted to change to FORM, announcing a 1:1 token swap from BNX to FORM scheduled for March 21. 

As the market awaits this swap, traders have increased their accumulation of the BNX token. This is reflected by the altcoin’s open interest, which has climbed 33% in the past 24 hours and stands at $96 million at press time.

Open interest tracks the total number of outstanding derivative contracts, such as futures or options, that have not been settled. When it rises during a price rally like this, it indicates increasing market participation. It signals the bullish conviction among BNX holders as more traders open new positions to capitalize on the upward momentum.

Moreover, its funding rate is also positive, supporting this bullish outlook. This is currently at 0.339%. 

The funding rate is a periodic fee exchanged between long and short traders in perpetual futures contracts to keep prices aligned with the spot market. A positive funding rate such as this means long traders are paying short traders. It indicates strong buying pressure among BNX traders and confirms the bullish sentiment in the market.

BNX Trades Above Key EMA—Can Bulls Push It Past $1.85?

BNX trades above its 20-day exponential moving average (EMA) at its current price. This key moving average measures an asset’s price over the past 20 trading days, giving more weight to recent prices to help identify short-term trends.

When it sits below an asset’s price, it is a bullish signal suggesting that the market is in an uptrend and buyers are in control.

If BNX buyers strengthen their control and demand soars, they could drive the altcoin’s price past the resistance at $1.77 and toward $2.19.

However, if selloffs gain momentum, BNX could shed its recent gains and plunge to $1.77.