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Cardano (ADA) Slips: A Healthy Correction or Bulls Losing Grip?

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Cardano price started a fresh decline below the $1.050 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.0250 level.

  • ADA price started a fresh decline from the $1.150 zone.
  • The price is trading below $1.0550 and the 100-hourly simple moving average.
  • There is a connecting bearish trend line forming with resistance at $1.040 on the hourly chart of the ADA/USD pair (data source from Kraken).
  • The pair could start another increase if it clears the $1.050 resistance zone.

Cardano Price Faces Hurdles

After struggling to stay above the $1.150 level, Cardano started a fresh decline unlike Bitcoin and Ethereum. ADA declined below the $1.050 and $1.0350 support levels.

It even spiked below $1.00. A low was formed at $0.9615 and the price is now attempting to recover. There was a move above the $0.990 level. The price cleared the 23.6% Fib retracement level of the downward move from the $1.088 swing high to the $0.9615 low.

Cardano price is now trading below $1.050 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.0250 zone. It is near the 50% Fib retracement level of the downward move from the $1.088 swing high to the $0.9615 low.

The first resistance is near $1.050. There is also a connecting bearish trend line forming with resistance at $1.040 on the hourly chart of the ADA/USD pair. The next key resistance might be $1.0880. If there is a close above the $1.0880 resistance, the price could start a strong rally.

Cardano Price

In the stated case, the price could rise toward the $1.120 region. Any more gains might call for a move toward $1.1520 in the near term.

Another Decline in ADA?

If Cardano’s price fails to climb above the $1.050 resistance level, it could start another decline. Immediate support on the downside is near the $0.980 level.

The next major support is near the $0.9650 level. A downside break below the $0.9650 level could open the doors for a test of $0.9200. The next major support is near the $0.880 level where the bulls might emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.980 and $0.9650.

Major Resistance Levels – $1.0250 and $1.0500.



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XRP Price Holds Strong: Uptrend Shows No Signs of Slowing

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XRP price started a fresh increase above the $3.050 level. The price is holding gains and might continue to rise if it clears the $3.20 resistance.

  • XRP price gained over 15% and rallied toward the $3.40 zone.
  • The price is now trading below $3.250 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $3.20 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair might start a fresh increase if it stays above the $2.880 support.

XRP Price Dips To Support

XRP price managed to start a fresh increase above the $2.750 and $2.880 resistance levels. The price outperformed both Bitcoin and Ethereum. There was a move above the $3.050 and $3.20 levels.

The price tested the $3.40 zone and recently corrected some gains. A low was formed at $2.81 and the price is now recovering. There was a move above the $3.050 level. The price cleared the 50% Fib retracement level of the downward move from the $3.23 swing high to the $2.81 low.

The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $3.20 on the hourly chart of the XRP/USD pair.

On the upside, the price might face resistance near the $3.130 level or the 76.4% Fib retracement level of the downward move from the $3.23 swing high to the $2.81 low. The first major resistance is near the $3.20 level. The next resistance is $3.230.

XRP Price

A clear move above the $3.230 resistance might send the price toward the $3.320 resistance. Any more gains might send the price toward the $3.40 resistance or even $3.420 in the near term. The next major hurdle for the bulls might be $3.50 and a new all-time high.

Another Downside Correction?

If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.88 level.

If there is a downside break and a close below the $2.88 level, the price might continue to decline toward the $2.750 support. The next major support sits near the $2.650 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $3.00 and $2.880.

Major Resistance Levels – $3.130 and $3.20.



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Weekly Price Analysis: Bitcoin Remains Rangebound while Altcoins Fly

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  • Prices rose over the first week of the year as open interest in the CME improved.
  • Altcoins outperformed Bitcoin as the largest crypto remained rangebound.
  • Meanwhile, ETF flows remained net negative.

Bitcoin

Bitcoin’s price improved last week but remained within the range established in previous trading sessions. BTC logged a weekly low of 91,271.19 and a high of $98,972.29. Bitcoin closed last week at $98,198.52.

Open interest in the CME improved over the last week as more contracts were added. Comparing that with price movement suggests that more long contracts were opened.

Meanwhile, BTC ETF flows were net negative next week as outflows totalled $652.10Mn.

Outlook

BTC found support within the demand zone on the H4 time frame and has begun a rise (supported by new futures longs). BTC will need to first break above the range high at $99,596.57.

BTC trades at $101,978.76 as of publishing.

Ethereum

Ethereum’s price action was more bullish as it broke above the range formed in the previous week’s trading session. The weekly low and high were $3,293.19 and $3,675.77, respectively. ETH closed last week at $3,637.39.

Similar to Bitcoin’s open interest charts, Ethereum OI reached a weekly low on Jan. 1 and has been rising since as new longs enter the derivatives market.

Meanwhile, spot ETH ETF inflows logged a negative week as $97.00Mn flowed out of ETFs in the US.

Outlook

While the price has broken through the last range high, it must clear the recent high, which is at the $4,096.44 level, to resume a bullish trend. In the interim, a demand level at the $3,500.00 level could serve as liquidity for an upward.

ETH trades at $3,679.36 as of publishing.

Solana

Solana’s price action was bullish last week as it broke above the local range high from the previous week’s trading session. Weekly low and high formed were $185.55 and $219.67.

Open interest in Solana followed a similar pattern as that of Bitcoin and Ethereum, picking up from Jan. 1.

Outlook

Despite failing to break its all-time high, Solana’s trend is bullish. However, the price has logged consecutive lower lows on the H4 time frame and must break the $230 level and then the $260 level to continue its bullish trend.

SOL trades at $218.28 as of publishing.

Ripple

Ripple’s price action improved last week after logging a low of $1.99 and a high of $2.50.

However, price was incongruent with open interest as an increase in long contracts did not buoy the price.

Outlook

Since breaking above the range high and pulling back for liquidity at the last higher low at $2.34, XRP’s price has logged higher highs and lows, climbing towards the next supply zone around $2.72.

XRP trades at  $2.44 as of publishing.



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BNB Chain Unveils AI Agent Tools for Web3 Developers

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BNB Chain, the blockchain network originally developed by Binance, has announced a new AI agent solution. The platform will streamline the creation and deployment of decentralized AI agents.

With this new platform, developers across all skill levels can easily create and launch their own autonomous agents. 

BNB Chain’s Comprehensive AI Agent Platform

The initiative offers developers tools and resources to build and scale AI agents for practical applications in Web3. 

At its center is a collection of customizable Agent Kits, featuring four core AI agents: Eliza, ShellAgent, TermiX, and Revox.ai.

“Whether you’re a seasoned developer or just getting started, we’re making it simple to build, scale, and monetize decentralized AI agents,” BNB wrote on X (formerly Twitter). 

Eliza is developed with contributions from NodeReal. This AI agent supports multiple large language models (LLMs), including OpenAI, Claude, and Llama. 

Then there’s ShellAgent, a modular framework that supports AI agent creation through a no-code Classic Model. This framework is ideal for beginners.

Furthermore, there’s TermiX, which allows development with a drag-and-drop interface, and Revox.ai, with native Web3 integration. 

BNB Chain has also introduced four launchpad options to further support AI agent development. 

Additionally, the platform is hosting an AI Agents Competition to encourage innovation. Winning projects will qualify for $10,000 in BNB token airdrops.

AI Trend is Gaining Momentum in Web3

AI agents have emerged as a leading trend in the Web3 and crypto industries over the past year. Tokens linked to AI agent technologies now have a market cap exceeding $14 billion. This is remarkable growth for a sector that was virtually nonexistent a year ago.

OKX Ventures recently identified AI agents as a key focus area for 2025. Nvidia’s CEO has also predicted that AI agents could grow into a multi-trillion-dollar industry in the near future.

Separate reports today indicated that former US President Donald Trump may soon announce up to $500 billion in funding for Stargate, a new joint AI research project. 

This initiative reportedly involves contributions from OpenAI, SoftBank, and Oracle.

While an official announcement has not yet been made, questions remain about how much of the funding will come from federal sources versus Stargate’s participating companies.

BNB Chain’s AI agent solution reflects the accelerating advancements in AI agents and blockchain. It addresses the growing interest from developers, investors, and governments worldwide.

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