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Bearish Momentum at Key Levels

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Cardano (ADA) shows bearish momentum with critical support and resistance levels dictating potential price movements.

On-chain data reveals declining user engagement and short-term trading activity, impacting Cardano’s market outlook.

Cardano Technical Analysis on the 4-Hour Timeframe

The ADA/USDT chart shows a bearish trend in the 4-hour timeframe. The price is below both the 100 EMA ($0.464) and the 200 EMA ($0.472). This indicates short and medium-term bearish momentum. The price is also struggling below the 0.618 Fibonacci level at $0.458, which is a crucial support.

The Relative Strength Index (RSI) is 42.57, below the neutral 50 level, suggesting strong selling pressure. The downward trend in RSI confirms the bearish sentiment. If the RSI continues to drop, it may signal further downside potential.

Key support is at $0.458, with a breakdown potentially leading to $0.420. Resistance levels to watch are $0.525 and $0.592. A move above these levels would indicate a bullish reversal. Currently, the sentiment remains bearish unless these resistance levels are broken.

Read More: How To Buy Cardano (ADA) and Everything You Need To Know

Cardano Price Analysis. Source: TradingView
Cardano Price Analysis. Source: TradingView

Analyzing Cardano’s Blockchain Activity

Daily Active Addresses Analysis

Notably, the green line representing active addresses shows a downward trend, indicating a decline in user engagement and transactions over time. This decline is a bearish signal, reflecting waning interest or activity in the Cardano network, which can impact its overall valuation and market sentiment.

Daily Active Addresses: IntoTheBlock
Daily Active Addresses: IntoTheBlock

A key observation is the blue line (new addresses) superposition and the orange line (zero balance addresses). This alignment suggests that new entrants into the ADA ecosystem are not retaining their coins. Instead, they are either quickly selling off their ADA or using it in ways that result in zero balances.

This behavior indicates a lack of long-term commitment from new users, which is a bearish fundamental sign for Cardano. Without new investors holding onto their ADA, sustained growth and stability in price become challenging.

Furthermore, the percentage changes highlight the bearish trend. Over the past 7 days, new addresses have decreased by 33.53%, active addresses by 9.34%, and zero balance addresses by 28.32%. These metrics reinforce the narrative of declining interest and participation in the ADA network.

With fewer new addresses and a high number of zero balance addresses, the fundamental outlook remains bearish, suggesting potential further downside for ADA unless there is a significant shift in on-chain activity and investor behavior.

Addresses by Time Held Analysis

The chart illustrating addresses by time held provides a comprehensive view of the Cardano holding behavior. The green area represents Cruisers (holding for 1-12 months), and the orange area denotes Traders (holding for less than a month).

Read more: Cardano (ADA) Price Prediction 2024/2025/2030

Addresses by Time Held Analysis. Source: IntoTheBlock
Addresses by Time Held Analysis. Source: IntoTheBlock

A significant observation is the decline in the proportion of traders, which has reduced by 20.86% over the past 30 days. This suggests a reduced short-term speculation and trading activity, which is typically bearish.

Traders’ diminishing presence indicates that fewer investors are actively trading ADA in the short term, possibly due to a lack of confidence in immediate price appreciation or volatile market conditions.

Strategic Recommendations

Monitor Resistance Levels: Monitor the resistance levels closely, especially the 0.618 Fibonacci level at $0.458. A break above this level could signal market optimism and a potential price reversal, shifting the outlook from bearish to neutral.

Evaluate Engagement Metrics: Observe the trends in active addresses and the balance behavior of new addresses. The superposition of new and zero-balance addresses indicates reduced engagement, which could impact price stability.

Adjust Trading Strategies: Given the reduction in short-term traders and the current bearish to neutral sentiment, consider short-term trading opportunities while being cautious of potential further downside. Be prepared to pivot strategies if a breakout above key resistance levels occurs, signaling a possible bullish reversal.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Despite an 18% Drop, XRP’s Exchange Supply Hits Lows—Bullish Setup Ahead?

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XRP has been trading under pressure in recent weeks, losing much of the momentum it built during its late 2024 to early 2025 rally. After reaching highs above $3.40, the asset has experienced an 18.3% decline over the past month, reflecting broader market softness.

At the time of writing, XRP trades significantly below its peak at a price of $2.06, with subdued investor activity and falling market participation across both spot and derivatives markets.

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XRP On-Chain Activity Slows, But Price Remains Relatively Stable

Amid XRP’s decline, a CryptoQuant analyst known as EgyHash has recently shared his analysis on the altcoin in a post titled, “XRP’s Market Paradox: With Ledger Activity Dipping 80%, Is a Rebound on the Horizon?”

According to EgyHash, XRP’s on-chain and futures market data presents a mixed picture—declining activity but resilience in price. EgyHash noted that XRP Ledger activity has fallen sharply since December, with the percentage of active addresses down by 80%.

Similar declines have been observed in the futures market, where open interest has dropped roughly 70% from its highs, and funding rates have occasionally turned negative.

XRP ledger open interest on all exchanges
XRP ledger open interest on all exchanges. | Source: CryptoQuant

He added that the Estimated Leverage Ratio, which gauges average user leverage by comparing open interest to coin reserves, has also dropped significantly.

Despite these indicators pointing to weakening momentum, the altcoin’s price has only declined about 35% from its peak. This is a milder correction compared to other assets such as Ethereum, which has fallen roughly 60% over the same period.

Additionally, the altcoin’s Exchange Reserve has continued to decline, reaching levels last observed in July 2023. Lower reserves typically suggest that fewer tokens are available for immediate sale, a factor that can help support prices during market downturns.

XRP Ledger Exchange Reserve on Binance.
XRP Ledger Exchange Reserve on Binance. | Source: CryptoQuant

According to EgyHash, this trend, along with relatively stable pricing, could indicate growing long-term confidence in the asset.

Institutional Developments Could Strengthen Market Sentiment

While on-chain metrics remain a focus, institutional developments may also play a role in shaping XRP’s future trajectory. Hong Kong-based investment firm HashKey Capital recently announced the launch of the HashKey XRP Tracker Fund—the first XRP-focused investment vehicle in Asia.

Backed by Ripple as the anchor investor, the fund is expected to transition into an exchange-traded fund (ETF) in the future. The initiative is designed to attract more institutional capital into the XRP ecosystem.

HashKey Capital has also indicated that this collaboration with Ripple could lead to further projects, including tokenized investment products and decentralized finance (DeFi) solutions.

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Vivien Wong, a partner at HashKey, emphasized the strategic value of integrating Ripple’s network with regulated investment infrastructure across Asia.

Although the altcoin faces near-term pressure, long-term developments, including decreasing exchange reserves and rising institutional interest, may support its recovery as the broader market stabilizes.

XRP price chart on TradingView
XRP price is moving upwards on the 2-hour chart. Source: XRP/USDT on TradingView.com

Featured image created with DALL-E, Chart from TradingView





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Matchain’s Petrix Barbosa Talks the Future of Digital Identity

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In an engaging session during Paris Blockchain Week, BeInCrypto caught up with Petrix Barbosa, the innovative mind behind Matchain, a blockchain venture that’s reshaping how digital identity and data sovereignty are approached.

Barbosa, who transitioned from a successful career as a venture capitalist, where he managed investments across 250 projects, brings a wealth of experience and a unique perspective to the blockchain landscape. Petrix Barbosa’s insights reveal a compelling vision for the future of blockchain, focusing on user empowerment and innovative use of technology to solve enduring problems in digital identity and data management.

Petrix Barbosa Discusses Matchain and its Mission

Matchain is a layer 2 blockchain platform that primarily addresses the challenges of identity and data sovereignty. Our mission is to empower users by giving them control over their digital identities and data, thus ensuring that they’re the primary beneficiaries of their online presence.

Barbosa on His Pivot from Venture Capital

In my time as an investor, I witnessed many great ideas fail to reach their potential due to the lack of a substantial user base or poor market timing. This inspired me to transition from funding projects to creating a platform that not only serves my vision but also provides tangible solutions to widespread issues in the blockchain community—primarily, user engagement and application.

Matchain’s Innovations in the Area of Identity Sovereignty

Matchain introduces a novel approach to managing digital identity. Unlike traditional models where user data is siloed across various platforms, Matchain allows users to have a single digital identity that spans across both Web2 and Web3. This is crucial for enabling a seamless transition and interaction between these two worlds.

How Matchain Integrates Existing Web2 Infrastructure

Our platform acts as a bridge between the decentralized ecosystem of Web3 and the more traditional Web2 infrastructure. By allowing users to manage their digital identities across both platforms, we facilitate a smoother interaction that enhances user experience while maintaining high security and trust.

Future Developments From Matchain

Looking ahead, we aim to expand our user base significantly. Currently, we are backed by strategic partnerships, like the one with Paris Saint-Germain, which not only broadens our exposure but also integrates our technology into mainstream applications.

In the next two years, we plan to onboard millions of users, leveraging our innovative solutions to enhance their digital interactions.

Barbosa on Unique Challenges in Developing Matchain

The biggest challenge was shifting the focus from simply creating a blockchain solution to ensuring it was user-centric and capable of addressing real-world problems. This involved integrating AI to manage and analyze data effectively, ensuring that our platform could deliver personalized and contextually relevant experiences to users.

Matchain Over the Next Five Years

 In five years, I envision Matchain at the forefront of blockchain technology, leading the charge in digital identity management and data sovereignty. Our platform will likely become a critical tool for users and companies looking to navigate the complexities of the digital age securely and efficiently.

Disclaimer

In compliance with the Trust Project guidelines, this opinion article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content.  Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Base Launches Strong, But Content Coins Draw Doubt

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Content Coins are a new trend gaining attention in the crypto space, especially on Base. They are positioned as digital content with value driven by culture and virality. Supporters see them as a new form of expression.

Critics say they’re just meme coins with a different name. Base is pushing the idea forward, hoping it helps the chain stand out from the rest.

Are Content Coins Really Different From Meme Coins?

Content coins are a new concept gaining traction within crypto communities, especially on Base chain. According to Base founder Jesse Pollak, a content coin “represents a single piece of content,” with the core idea being that the coin is the content and the content is the coin — no more, no less.

These tokens are often created in a specific context, either on platforms like Zora.

Essentially, creators design them to function as standalone pieces of digital content, driving the token’s value through cultural impact, virality, or meme-worthiness—rather than any utility or fundamental backing.

Jesse Pollak, Base founder, on X.
Jesse Pollak, Base founder, on X.

Despite the growing popularity of the term, not everyone is convinced. User Kash (@kashdhanda) dismissed the label, saying, “contentcoins are a silly name for memecoins”. He also pointed out that “memecoins are actually closer to financial content than they are to finance.”

David Tso (@davidtsocy), who works at Base, brings a more supportive spin, comparing content coins to “Instagram posts and TikToks that show their value in real time.”

Is Base Is For Everyone Just Another Meme Coin?

Base is for everyone was the first content coin officially launched and promoted by Base. It made an explosive debut, with a market cap nearing $18 million within its first few hours.

Shortly after its peak, the token plummeted nearly 75%. Since then, it has shown signs of recovery, with its market cap now hovering around $9.6 million.

The coin has gained significant traction in terms of activity, currently boasting nearly 21,000 holders, over 29,000 transactions in the last 24 hours, and a daily trading volume close to $9 million.

Base is for everyone Market Data and Price Chart.
Base is for everyone Market Data and Price Chart. Source: Dexscreener.

Base is using this momentum to push a broader narrative: that all content should live on-chain. Base is actively leveraging this philosophy, framing content coins as a new form of internet-native expression where each token represents a piece of digital culture stored permanently on the blockchain.

Yet, despite this push, Base is for everyone remains the only content coin to break out meaningfully—most others haven’t crossed the $100,000 market cap threshold. While the concept aims to separate itself from typical meme coins by embedding value in cultural relevance rather than pure speculation, many remain unconvinced.

Critics argue that content coins are merely meme coins in new packaging. Still, if the trend takes off, it could position Base to outperform other chains like Solana. It would do this by capturing this narrative and driving unique user activity to its ecosystem.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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