Price analysis 5/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release, but bulls may find it difficult to continue the recovery at higher levels.
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release, but bulls may find it difficult to continue the recovery at higher levels.
Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears are trying to make a comeback.
Cardano whales are largely behind ADA's price rally in the last week, helped by Bitcoin's multi-month highs amid the banking crisis and Fed pivot hopes.
Credit Suisse has pulled the U.S. equities markets lower, but a positive sign is that Bitcoin and select altcoins are holding near their local highs.
On-chain Cardano metrics show a decline in transactional activities on the network.
Most Cardano hard forks have preceded ADA price crashes, and Vasil looks no different.
Cardano's Vasil update is expected to be a bullish event, but macro fears are strongly countering the upside bias.
ADA prints modest upside moves that may run out of steam due to weak technicals and macro factors.
ADA runs out of buyers despite the long-awaited Cardano hard fork going live potentially at the end of july.
ADA accumulation occurs despite a technical outlook threatening a 35% price crash by September 2022.