Market
Wormhole (W) Jumps 10%—But Is a Pullback Coming?

Wormhole (W) surged nearly 12% on Thursday after the project unveiled its official product roadmap. The project’s one-year anniversary has sparked speculative interviews.
However, technical data shows buyers and sellers locked in a fierce battle, as momentum indicators suggest a weakening trend. The DMI, Ichimoku Cloud, and EMA structures all reflect market indecision, with no clear direction confirmed just yet.
Wormhole DMI Chart Shows Market Indecision
Wormhole’s DMI chart shows its ADX (Average Directional Index) has dropped to 21.69 from 27.59 just a day earlier, signaling that the recent trend may be losing strength.
The ADX is a key indicator used to measure the strength—not the direction—of a trend. Generally, values below 20 suggest a weak or non-existent trend, while values above 25 indicate a strong trend.
With ADX now hovering near the threshold, it suggests that the bullish momentum seen in recent days could be fading.

Looking deeper, the +DI (Positive Directional Indicator) has fallen to 19.96 after peaking near 24 earlier, though it had surged from 9.68 the previous day.
Meanwhile, the -DI (Negative Directional Indicator) climbed to 18.27 after dropping to 15.21 earlier, following a sharp decline from 30.18 yesterday. This narrowing gap between +DI and -DI—combined with a weakening ADX—suggests uncertainty and potential indecision in price action.
With a $137.64 million token unlock on the horizon, this shift could hint at a cooling bullish impulse and the risk of renewed selling pressure if supply outweighs demand.
Ichimoku Cloud Shows Mixed Signals
Wormhole’s Ichimoku Cloud chart shows a mixed outlook. Price action is attempting to break through resistance but still faces notable headwinds.
The Tenkan-sen (blue line) has recently flattened and is closely aligned with the Kijun-sen (red line), signaling indecision or a potential pause in momentum.
Typically, when these lines are flat and close together, it indicates consolidation rather than a clear trend continuation or reversal.

Meanwhile, the Kumo (cloud) remains thick and red ahead, reflecting strong overhead resistance and a bearish long-term bias.
The price is hovering near the lower edge of the cloud but has yet to make a decisive move above it—suggesting that bullish momentum is tentative at best.
For a confirmed trend reversal, a clean break above the cloud with bullish crossovers would be needed. Until then, the chart points to a market still trying to find direction, especially ahead of a major token unlock event that could further impact sentiment and price action.
Will Wormhole Reclaim $0.10 In April?
Wormhole, which builds solutions around interoperable bridges, continues to see its EMA setup reflect a bearish structure. Short-term moving averages are still positioned below the longer-term ones, an indication that downward pressure remains dominant.
However, one of the short-term EMAs has started to curve upward, hinting at a possible shift in momentum as buyers begin to step in. This early uptick could signal the beginning of a trend reversal, though confirmation is still pending.

If bullish momentum gains traction, Wormhole may attempt to break the nearby resistance at $0.089. A successful breakout could open the door for a move toward higher resistance levels at $0.108 and even $0.136.
Conversely, failure to clear $0.089 could reinforce bearish control, pushing the price back to test support at $0.079.
A break below that level could expose W to further downside toward $0.076, $0.073, and potentially below $0.07—marking uncharted territory for the token.
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
HBAR Futures Traders Lead the Charge as Buying Pressure Grows

Hedera Foundation’s recent move to partner with Zoopto for a late-stage bid to acquire TikTok has sparked renewed investor interest in HBAR, driving a fresh wave of demand for the altcoin.
Market participants have grown increasingly bullish, with a notable uptick in long positions signaling growing confidence in HBAR’s future price performance.
HBAR’s Futures Market Sees Bullish Spike
HBAR’s long/short ratio currently sits at a monthly high of 1.08. Over the past 24 hours, its value has climbed by 17%, reflecting the surge in demand for long positions among derivatives traders.

An asset’s long/short ratio compares the proportion of its long positions (bets on price increases) to short ones (bets on price declines) in the market.
When the long/short ratio is above one like this, more traders are holding long positions than short ones, indicating bullish market sentiment. This suggests that HBAR investors expect the asset’s price to rise, a trend that could drive buying activity and cause HBAR’s price to extend its rally.
Further, the token’s Balance of Power (BoP) confirms this bullish outlook. At press time, this bullish indicator, which measures buying and selling pressure, is above zero at 0.25.

When an asset’s BoP is above zero, buying pressure is stronger than selling pressure, suggesting bullish momentum. This means HBAR buyers dominate price action, and are pushing its value higher.
HBAR Buyers Push Back After Hitting Multi-Month Low
During Thursday’s trading session, HBAR traded briefly at a four-month low of $0.153. However, with strengthening buying pressure, the altcoin appears to be correcting this downward trend.
If HBAR buyers consolidate their control, the token could flip the resistance at $0.169 into a support floor and climb toward $0.247.

However, a resurgence in profit-taking activity will invalidate this bullish projection. HBAR could resume its decline and fall to $0.129 in that scenario.
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
Bitcoin is Far From a Bear Market But not Altcoins, Analysts Claim

Welcome to the US Morning Crypto Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see how Bitcoin is holding firm above $79,000 despite a sharp equities sell-off. Markets are bracing for the March NFP report and rising recession risks. With Fed rate cuts on the table and ETF inflows staying strong, all eyes are on what’s next for macro and crypto markets.
Is Bitcoin in a Bear Market?
The highly anticipated March U.S. non-farm payrolls (NFP) report is due later today, and it’s expected to play a key role in shaping market sentiment heading into the weekend.
“With the key macro risk event now behind us, attention turns to tonight’s non-farm payroll report. Investors are bracing for signs of softness in the U.S. labour market. A weaker-than-expected print would bolster the case for further Fed rate cuts this year, as policymakers attempt to cushion a decelerating economy. At the time of writing, markets are pricing in four rate cuts in 2025—0.25 bps each in June, July, September and December,” QCP Capital analysts said.
Traditional markets are increasingly pricing in a recession, with equities retreating sharply—a 7% decline overall, including a 5% drop just yesterday. This broad de-risking environment helps explain the current pause in crypto inflows.
On the derivatives front, QCP adds:
“On the options front, the desk continues to observe elevated volatility in the short term, with more buyers of downside protection. This skew underscores the prevailing mood – uncertain and cautious.”
However, they also note that “with positioning now light and risk assets largely oversold, the stage may be set for a near-term bounce.”
Bitcoin remains resilient despite market volatility, holding above $79,000 with strong ETF inflows and signs of decoupling from stocks and altcoins. According to Nic Puckrin, crypto analyst, investor, and founder of The Coin Bureau: “Bitcoin is nowhere near a bear market at this stage. The future of many altcoins, however, is more questionable.”
Chart of the Day

Chances of a US Recession in 2025 jumped above 50% for the first time, currently at 53%.
Byte-Sized Alpha
– Major ETF issuers are buying Bitcoin, with $220 million in inflows showing strong confidence despite volatility.
– Futures show bullish BTC sentiment, but options traders remain cautious, signaling mixed market outlook.
– Coinbase is launching XRP futures after Illinois lawsuit relief, signaling growing regulatory support for crypto.
– Despite Trump’s tariff-driven crash, analysts see potential for a Bitcoin rebound—though inflation may cap gains.
– The Anti-CBDC bill passed a key House vote, aiming to block Fed-issued digital currencies and protect privacy.
– Today at 11:25 AM, Fed Chair Jerome Powell will deliver a speech on the U.S. economic outlook.
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
Cardano Price Recovery Next As Whales Buy 230 Million ADA

Cardano has experienced a tough period, with the failed price recovery and declining market conditions. However, the recent buying behavior of whales and the potential for a price surge suggest a change in momentum.
If Cardano (ADA) can break through the $0.70 level, it could signal the end of the bearish sentiment.
Cardano Whales Are Hopeful
Over the past 72 hours, whales holding between 10 million and 100 million ADA have accumulated over 230 million ADA, valued at over $150 million at current prices. This shift from selling and staying neutral to accumulation indicates a shift in sentiment, with whales optimistic about ADA’s potential for Q2 2025. Their recent activity signals confidence in the altcoin’s recovery despite the recent market struggles.
Whale accumulation is often a bullish indicator as these investors have significant influence over the market. The accumulation is crucial, as it provides the support needed for ADA to break through resistance levels.

The liquidation map for Cardano shows that approximately $15 million in short contracts will expire as soon as ADA rises above the $0.70 level. This presents a key opportunity for the altcoin. Short-sellers may be forced to close their positions, which could lead to a short squeeze and drive the price higher.
Potential liquidation of short positions may create upward pressure, preventing further declines and allowing ADA to recover. The combination of whale accumulation and the looming liquidation of short contracts could provide Cardano with the momentum it needs to break free from its recent downtrend.

Can ADA Price Breach $0.70?
At the time of writing, Cardano’s price is at $0.65, holding above the crucial $0.62 support level. The altcoin has struggled in recent weeks, but the whale-buying activity offers hope for recovery. A breach of the $0.70 barrier could lead to further upward movement.
Should ADA successfully break through $0.70, it could gain the necessary momentum to continue its recovery. Flipping $0.77 into support would provide an additional boost, positioning Cardano to regain recent losses and possibly challenge higher resistance levels.

However, if Cardano fails to breach $0.70, the price may return to the $0.62 support level. Losing this support would invalidate the bullish outlook and send ADA to a lower level of $0.58, extending the ongoing decline.
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.
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