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Cardano bulls set eyes on $1 as institutional adoption grows amid Bitcoin integration

  • After breaking through the major resistance at $0.74, analysts expect the Cardano price to continue climbing.
  • Cardano will have to close above $0.7786 on the weekly chart to confirm a run to $1.
  • Some of the factors propelling ADA’s price are the Bitcoin’s integration and inclusion in a Grayscale fund.

Cardano price has surged by over 27% in the past week, breaking through the $0.74 resistance level and setting its sights on the $1 milestone.

After a prolonged period of consolidation, ADA is now poised for a potential rally, driven by growing institutional interest and innovative developments within its ecosystem.

Why is Cardano’s price rising?

With Cardano (ADA) currently at around $0.85 and up 6% today alone, the main question is what is behind the Cardano price surge.

One of the factors behind the ADA price surge is the inclusion of ADA in the Grayscale Digital Large Cap Fund.

Cardano’s inclusion in the Grayscale Digital Large Cap Fund, alongside heavyweights like Bitcoin (BTC) and Ethereum (ETH), is a testament to its growing institutional appeal.

The other factor is the planned integration of Bitcoin into the Cardano ecosystem, enabling Bitcoin staking through a zero-knowledge approach, which could unlock new use cases and attract more users.

In addition, the rise in staking activity on Cardano, with more users locking up their ADA to secure the network and earn rewards, is creating scarcity in the market, which could spur further uptick for ADA.

Shifting to technical analysis, ADA has not only broken out of a bullish flag pattern but also formed an inverse head and shoulders, both of which are classic bullish signals.

The derivatives market has also seen a significant increase in open interest, surpassing $1.01 billion, and the recent short squeeze has propelled the price higher.

Additionally, according to DeFi Llama, Cardano’s total value locked (TVL) has increased to $502 million, up from $320 million last month, indicating growing adoption despite some ecosystem challenges.

However, Cardano still faces hurdles, such as relatively low DeFi activity and a small stablecoin presence compared to competitors like Ethereum and Solana.

Cardano price analysis: Can ADA soar above $1?

Currently trading at above $0.85, the technical setup is overwhelmingly bullish, with the price closing above key moving averages and the MACD indicator showing a bullish crossover.

Price targets vary among analysts, but the consensus points to a potential rally toward $1.20 in the near term, with longer-term projections reaching up to $1.79.

In the long term, a weekly close above $0.7786 would confirm the breakout and set the stage for a push toward $0.85, and subsequently, the psychological $1 level.

Crypto analyst Ijaz Awan has identified a cup and handle pattern on the weekly chart with a neckline at around $1.17, which, if broken, opens the door towards $2.

 

On the flip side, if the price fails to hold above $0.74, it could trigger a correction, with the next support level at $0.62.

While the technicals are strong, the success of ADA’s price rally will also depend on the network’s ability to attract more developers and applications to boost its ecosystem.

The broader crypto market’s performance, especially that of Bitcoin and Ethereum, will be instrumental in determining whether Cardano can sustain its upward trajectory.

For now, the momentum is with the bulls, and if Cardano can capitalise on its recent developments and market conditions, reaching $1 and beyond is within the realm of possibility.

The post Cardano bulls set eyes on $1 as institutional adoption grows amid Bitcoin integration appeared first on CoinJournal.

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VeChain price prediction: Is VET poised for a 300% surge?

  • VeChain’s price rose as Bitcoin broke past $105k.
  • As the crypto market rallies in response to tariffs-related news, VET is poised.
  • Technical indicators suggest VET price could pump to $0.090 or higher.

The cryptocurrency market pumped on Monday, with Bitcoin breaking to highs above $105k as risk assets gained on news of a US-China trade deal.

Amidst this optimism, VeChain (VET) price gained by about 7% as the altcoin reached highs of $0.034 for the first time since mid-February.

VET mirrored the pumping that had most altcoins in green, and the Dow Jones Industrial Average was up more than 1,000 points on open.

VeChain price surges amid upward market trend

As the broader market’s upbeat mood helped top coins higher, VeChain demonstrated its resilience as VET extended gains to a multi-month peak.

Bulls defying recent downward pressure could indeed see the cryptocurrency explode.

According to CoinMarketCap, VET is currently trading at $0.033, with the price up 32% in the past week and 44% in the past month.

The gains mirror robust underlying upside momentum for BTC and alts.

VeChain indeed suggests an extended gain, given bulls have broken out of a key technical pattern on the weekly time frame.

The technical outlook for VeChain and broader market expectations suggest buyers may be just getting started.

Earlier, analysts at Santiment said the US-China deal could be huge for the markets. VeChain will ride any upward momentum.

“If this deal indeed does immediately reduce the impacts on exporters & importers for both countries, we should see an instant bullish impact on all markets,” the analysts stated.

VET price: Is a 300% pump next?

The price of VET on the weekly chart suggests bulls have broken out of the falling wedge pattern formed since the dip from $0.069.

A closer look at the weekly chart reveals a potentially bullish continuation.

Other than the falling wedge breakout, VET price shows the Relative Strength Index (RSI) is pointing up as it hovers near 53.

This indicates the coin is neither overbought nor oversold.

Room for bulls to attack resistance levels is there.

VeChain chart by TradingView

Meanwhile, the Moving Average Convergence Divergence (MACD) is also signalling a potential bullish crossover.

Currently, the MACD line is just about to cross above the signal line.

If this happens, the VeChain price could extend its upward momentum.

Previously, VET surged from lows of $0.020 to reach highs of $0.08.

The vertical performance also came after a falling wedge pattern breakout in October 2024.

If VeChain repeats this, gaining by over 300%, bulls could hit $0.094 or higher.

A break to the psychological $1 is possible in this scenario.

On the flipside, $0.024 and $0.020 will be key support zones.

The post VeChain price prediction: Is VET poised for a 300% surge? appeared first on CoinJournal.

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Solana price prediction: SOL eyes $200 amid 1inch integration, memecoin surge

  • The Solana price has jumped by 22% today, showing strong growth.
  • SOL’s price rally is buoyed by 1inch’s integration and the Solana memecoins buzz.
  • If Solana crosses above the resistance at $180, analysts expect it to rise above $200.

The Solana price has surged impressively, climbing 22% over the past week to $175.41, driven by robust technical setups and growing ecosystem adoption.

Institutional inflows, decentralised finance (DeFi) dominance, and recent integrations like 1inch have fueled this momentum, positioning Solana as a leading Layer 1 blockchain.

Solana price analysis

From a technical analysis standpoint, Solana’s price has exhibited remarkable resilience, maintaining a six-month bullish trend despite broader altcoin weakness.

Trading at $175.41, SOL has gained 40.8% over the past 30 days, supported by a $91.13 billion market cap and $5.28 billion in 24-hour trading volume.

A bullish pennant breakout on the daily chart, as noted by analyst MartyParty, signals strong upward momentum, with growing volume and higher lows reflecting sustained buyer interest.

As the token soars, the $175–$180 range remains pivotal, with SOL testing this resistance after a 24-hour range of $170.01–$179.19.

In addition, the liquidation clusters in the $172–$174 zone, highlighted by Jesse Peralta, suggest potential volatility as high-leverage positions unwind.

Furthermore, global liquidity trends, correlated with SOL’s price per CryptoCurb’s analysis, provide macro tailwinds, amplifying the impact of Solana’s 25% April rally.

Away from Solana’s token price, on-chain metrics, including over 3,000 transactions per second and $364 billion in January volume, underscore Solana’s scalability and adoption, as detailed in 21Shares’ State of Crypto report.

Will the SOL price rise to $200?

Several compelling factors suggest that Solana’s price could indeed climb to $200, beginning with its recent integration into the 1inch decentralised finance platform, a move that enhances its ecosystem’s interoperability.

This 1inch integration allows for seamless cross-chain DeFi swaps, leveraging Solana’s high-speed and low-cost transactions to potentially draw more users and liquidity into the network.

Additionally, the Solana blockchain has experienced a dramatic surge in memecoin activity, with tokens like Dogwifhat (WIF) and Bonk (BONK) skyrocketing in popularity, boosting transaction volumes and reinforcing the network’s relevance.

The memecoin craze has not only heightened network usage but also attracted a fresh influx of retail investors, amplifying SOL’s visibility and demand across the crypto market.

Beyond this, Solana’s ecosystem continues to expand at a rapid pace, with integrations from industry giants like Visa, Shopify, and PayPal, alongside innovations such as Solana Blinks and the Saga smartphone, cementing its role as a leader in next-generation finance.

Institutional interest is another tailwind, with Solana recording $80 million in year-to-date inflows, outpacing rivals like SUI, and growing speculation around a potential Solana ETF adding further fuel to the bullish case.

The prospect of a Solana ETF, with applications from firms like Grayscale and VanEck under consideration, could serve as a major price catalyst, potentially pushing SOL well beyond $200 if approved.

However, challenges remain, as SOL faces technical resistance at the $180 level, and high-leverage liquidations between $172 and $174 could introduce short-term volatility that might temporarily hinder its ascent.

The post Solana price prediction: SOL eyes $200 amid 1inch integration, memecoin surge appeared first on CoinJournal.

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Bitcoin reclaims $105,000: what are the next targets?

  • Gains follow reports of US-China tariff rollback.
  • Key support at $103,818 aligns with the 50-day EMA.
  • MACD signals bullish momentum as consolidation continues.

Bitcoin (BTC/USD) maintained its footing above the $104,000 level on Monday, buoyed by rising investor confidence amid signs of easing trade tensions between the US and China.

The world’s most-traded cryptocurrency touched an intraday high of $105,706 before settling near $104,420.33 at the time of writing.

This move follows weeks of sideways trading, and signals a potential shift in market sentiment.

Source: CoinMarketCap

Optimism around the rollback of US tariffs on Chinese goods has revived risk appetite across global markets.

For Bitcoin, the easing geopolitical backdrop has acted as a key driver behind recent gains.

BTC jumps on macro optimism

The latest surge comes as the US has scaled back tariffs imposed on China, raising hopes that global trade flows could improve and recession risks may ease.

This broader economic tailwind has extended into the crypto market, pushing Bitcoin above the psychological $105,000 barrier during intraday trading.

The move has been supported by bullish technical indicators. The 50-day Exponential Moving Average (EMA), currently near $103,818, has provided a strong base during recent consolidation.

Bitcoin’s ability to bounce off this level has reinforced confidence among traders.

Market participants are now eyeing the next resistance levels at $106,750 and $107,300.

These price points align with previous supply zones and could determine whether Bitcoin can sustain its upward trajectory in the near term.

Support holds at $103,818

The $103,818 level has emerged as a key line of defence for bulls. It coincides with the 50-day EMA and has served as a critical floor during the recent period of range-bound movement.

If Bitcoin can continue to hold above this support, it may provide the base for a renewed push toward higher levels.

However, if downward pressure intensifies and the price falls below this threshold, the next support lies at $103,080.

A breach of this level could trigger a broader pullback and push Bitcoin back into the lower end of its former trading channel.

The Relative Strength Index (RSI) is approaching overbought territory, which suggests that a near-term correction is still possible. Traders are watching this closely, particularly as Bitcoin navigates resistance zones.

Technical signals suggest caution

While recent gains are encouraging for Bitcoin bulls, indicators suggest that caution is warranted.

The Moving Average Convergence Divergence (MACD) is trending positive, with the MACD line crossing above the signal line and the histogram expanding.

This reinforces the bullish outlook, but also suggests that some short-term consolidation may follow.

The RSI, currently nearing levels above 70, implies that the market may be entering overheated territory.

Historically, such readings have often preceded brief corrections before fresh upside attempts.

Should profit-taking emerge, support levels at $105,000 and $103,818 will be tested once again.

Traders eye $107,000 barrier

With Bitcoin currently hovering around $104,420.33, momentum remains delicate.

A confirmed breakout above $105,706 could reignite buying interest, opening the path to the next targets at $106,750 and the psychologically significant $107,000 level.

Market sentiment will likely remain tied to macroeconomic developments, particularly progress on US-China trade discussions.

Any setbacks on that front could reverse the recent gains, while continued optimism may fuel another leg higher.

For now, Bitcoin’s resilience above $104,000 marks a key technical milestone, and all eyes are on whether the world’s leading cryptocurrency can convert this into a sustained rally.

The post Bitcoin reclaims $105,000: what are the next targets? appeared first on CoinJournal.

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Injective price jumps as bulls extend gains amid Bitcoin spike

  • Injective price is extending gains above the $10 mark.
  • Bitcoin’s rally above $105k and real-world assets tokenization catalysts could drive the INJ price higher.
  • INJ technical outlook is largely bullish.

Injective (INJ) is among the top-performing altcoins on Monday as bullish sentiment sweeps through the cryptocurrency market.

The token is trading above $13.60, lifted by renewed investor confidence following Bitcoin’s surge past $105,000.

With macroeconomic optimism and progress on regulatory fronts driving broader market momentum, analysts suggest Bitcoin could challenge new all-time highs in the near term.

This backdrop is fuelling capital rotation into altcoins, with projects like Injective benefiting from increased speculative interest.

A layer-1 blockchain focused on decentralised finance and real-world asset tokenization, Injective has continued to attract attention as narratives around scalability and use-case-driven growth gain ground.

Injective price extends gains above $10

Injective (INJ) price is up 7% in the past 24 hours, gaining as top alts such as Ethereum, BNB, and Solana break to key levels.

The price of INJ has surged after recently breaking past the $10 mark.

Currently, it changes hands for around $13.62. However, it hovered at highs of $14.29 on May 12, 2025, to hit its highest level since late February.

Amid the price gains, Injective’s market cap rose to $1.37 billion, although the 24-hour trading volume remained modest at $172 million.

Having surged 46% in seven days and 67% in the last 30 days, the overall market interest might see bulls take control.

Bitcoin rally and RWA tokenization drive INJ price

While Bitcoin’s rally is fueling further optimism across the market, catalysts for INJ price also include strong institutional demand across its RWA ecosystem.

Tokenization is a key tailwind for Injective, with a recent Four Pillars report highlighting how this sector is shaping up INJ for traction.

Recent bull cycles have had DeFi, play-to-earn games, memecoins, and AI tokens explode.

Now, analysts say while these areas see growth, the RWA market’s growth has blockchains like Injective in the spotlight.

Injective’s network, optimized for the tokenization of traditional assets like stocks, stablecoins, and commodities, stands as a likely beneficiary.

Investors eyeing an on-chain opportunity are increasingly seeing it as the go-to platform.

RWA adoption may further boost INJ’s price momentum.

Injective price technical outlook

From a technical perspective, INJ’s daily chart paints a bullish picture.

INJ chart by TradingView

The daily Relative Strength Index (RSI) currently hovers in overbought territory.

However, it’s not overly extended to suggest more room for bulls.

If it sees a pullback, INJ will likely bounce off support around $11.05 and $10.22.

This scenario may align with the Moving Average Convergence Divergence (MACD), which shows a bullish crossover.

The histogram indicates an upward momentum. If this happens, bulls will target $16 and then $20.

The post Injective price jumps as bulls extend gains amid Bitcoin spike appeared first on CoinJournal.