Market
Cardano (ADA) Struggles to Sustain Gains—Is the Uptrend in Trouble?

Cardano price started a fresh rally above the $0.70 zone. ADA is now correcting gains and struggling to start another increase above $0.780.
- ADA price started a fresh rally above the $0.70 and $0.720 levels.
- The price is trading above $0.720 and the 100-hourly simple moving average.
- There is a key bullish trend line forming with support at $0.750 on the hourly chart of the ADA/USD pair (data source from Kraken).
- The pair could start another decline if it trades below the $0.7150 support zone.
Cardano Price Climbs Above $0.70
After forming a base above the $0.650 level, Cardano started a fresh rally beating Bitcoin and Ethereum. ADA was able to clear the $0.70 and $0.720 resistance levels.
It even surged above the $0.80 level. A high was formed at $0.8204 and the price is now correcting gains. There was a move below the $0.80 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.6512 swing low to the $0.8204 high.
However, the bulls are now active near the $0.7550 zone. There is also a key bullish trend line forming with support at $0.750 on the hourly chart of the ADA/USD pair.
Cardano price is now trading above $0.7550 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.780 zone. The first resistance is near $0.800. The next key resistance might be $0.820.
If there is a close above the $0.820 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.9150 region. Any more gains might call for a move toward $1.00 in the near term.
Another Decline in ADA?
If Cardano’s price fails to climb above the $0.80 resistance level, it could start another decline. Immediate support on the downside is near the $0.750 level and the trend line.
The next major support is near the $0.7150 level or the 61.8% Fib retracement level of the upward move from the $0.6512 swing low to the $0.8204 high. A downside break below the $0.7150 level could open the doors for a test of $0.650. The next major support is near the $0.6250 level where the bulls might emerge.
Technical Indicators
Hourly MACD – The MACD for ADA/USD is losing momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.
Major Support Levels – $0.7500 and $0.7150.
Major Resistance Levels – $0.8000 and $0.8200.
Market
Solana Price’s Biggest Test: Breaching $180 Resistance

Solana (SOL) has faced a recent decline, struggling to regain momentum despite multiple attempts at recovery. The altcoin is currently aiming to breach the $180 resistance level, which has remained a key hurdle.
While long-term holders (LTHs) are supporting the price, SOL still needs stronger momentum to break past this critical level.
Solana Investors Are Hopeful
The HODLer Net Position Change metric indicates that Solana holders are rebuying the SOL they previously sold. Over the past week alone, long-term holders have accumulated more than 1 million SOL, worth approximately $128 million. This buying activity signals confidence among investors who anticipate a recovery in Solana’s price.
Historically, increased accumulation by long-term holders has been a bullish sign. As these investors continue buying at lower price levels, it reinforces support and reduces the chances of sharp declines. If this trend continues, it could create the necessary foundation for Solana to attempt another breakout.

From a technical perspective, Solana is showing signs of improving momentum. The Relative Strength Index (RSI) has been trending upward, indicating a potential shift toward bullish sentiment. However, for confirmation, the RSI needs to breach the neutral 50.0 level and turn it into support.
A rising RSI suggests growing buying pressure, which could help SOL regain lost ground. This would increase the likelihood of Solana making another attempt at breaking its key resistance levels.

SOL Price Recovery Remains Uncertain
Solana is currently trading at $128, and the crypto token’s price is down by 5.5% in the last 24 hours. Despite the decline, SOL is holding above the $126 support level while attempting to breach the $135 resistance. The long-term target remains at $180, a crucial milestone for bullish confirmation.
Breaking past $180 has been a challenge, with Solana failing to attempt it in recent weeks. To reach this level, SOL would need to rally 40%, which becomes more achievable if it first breaches $161. Sustained buying pressure and improving market sentiment could help facilitate this move.

On the downside, if Solana fails to breach $148 or struggles to move past $135, it could lose its current support levels. A drop below $126 and $118 would expose SOL to further declines, potentially testing $109. This scenario would invalidate the bullish outlook and shift momentum back to the bears.
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 Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Stellar (XLM) Price Could Surge To $0.38 — Analyst Explains How

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.
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In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.
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Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.
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Market
XRP Price To $110? Bollinger Bands Creator Reveals Why It Will Become A Market Leader

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The XRP price could be staging a parabolic rally to new all-time highs of $110. While an analyst shares a technical analysis to back this ambitious target, Bollinger Bands creator John Bollinger declares XRP to be a market leader in the crypto space.
Analyst Predicts New XRP Price Target To $110
In a rather lengthy X (formerly Twitter) post, market expert Egrag Crypto went deep into his analysis for the XRP price, basing his predictions on its Elliott Wave structure. The crypto analyst confidently forecasted that XRP was heading towards a new $110 ATH. This bullish target would represent a whopping 3,974% increase from its current market value.
Related Reading
Firstly, Egrag Crypto outlines XRP’s five-wave structure, underscoring that each wave could push the cryptocurrency to a new target. The analyst reveals that XRP is currently in Wave 2 of its Elliott Wave structure and is closely approaching Wave 3, which is expected to trigger the most explosive increase.
In Wave 1, XRP saw an impressive 733% increase to new highs. However, in its current Wave 2, Egrag Crypto highlights that its 2017 fractal appears more profound. With the formation of a Double Bottom pattern, the analyst has predicted a potential price breakdown for the cryptocurrency.

Egrag Crypto further forecasts that Wave 3 will trigger a reversal and cause the price to skyrocket by 1,185%. This massive price increase would effectively place the XRP price at a potential target between $22 and $24. For a more conservative target, the analyst estimates a surge of around $22 to $24.
For Wave 4, Egrag Crypto predicts another major retracement similar to Wave 2. However, this time, the analyst believes XRP could decline by either 14.6%, 23.6%, or 38.2% from Wave 3’s price high. This correction would mark a 65% drop from Wave 3’s peak, bringing the cryptocurrency’s price down to $8. He also highlights a worse-case bearish scenario where XRP crashes as low as $3.4.
Notably, Egrag Crypto shares three potential bullish targets for Wave 5, the final part of the Elliott Wave Structure. He forecasts that the altcoin could surge between $32 to $48, $60 to $70, or $95 to $110. The analyst has based his optimistic forecast on past cycle trends, where 2017 saw a major price rally for XRP.
Bollinger Bands Creator Says The Asset To Become Leader
In other news, Bollinger, the creator of the renowned Bollinger Band technical analysis tool, has highlighted XRP in his latest post, questioning whether it could take a leading role in the crypto market. The technical analyst asserts that Ripple has held up better than other primary crypto vehicles.
Considering its legal battles with the US SEC and present regulatory challenges, Ripple continues to remain resilient, aiming to gain clarity during the final stages of the five-year-long lawsuit. Meanwhile, the XRP price, which is currently trading at $2.4, has experienced a recent uptick, increasing by almost 4% in the last day, according to CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com
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