Schlagwort: crypto business

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Cardano price surges past $0.80: where is ADA headed?

  • Cardano has surged more than 65% since its April low of $0.5114.
  • Derivatives open interest hits 2025 high of $917 million.
  • A breakout above $0.85 could send the price to $0.93 in the near term.

Cardano’s ADA token is once again in the spotlight after bouncing sharply from its April lows to reclaim the $0.80 mark.

The move follows a surge in Bitcoin to a fresh all-time high of $111,861 on 22 May, which lifted sentiment across the crypto sector.

This broader market optimism has pushed ADA up over 65% from its recent trough, fuelling a renewed bullish narrative.

Analysts are now watching closely to see if Cardano can sustain momentum and test the next resistance zone near $0.93 in the days ahead.

At the time of writing, Cardano is trading at $0.8026.

Cardano price
Source: CoinMarketCap

Cardano price structure signals upside continuation

Cardano’s current rally comes after a volatile two-month stretch that saw its price tumble from $1.19 on 2 March to a low of $0.5114 by 2 April — a 57% decline driven largely by profit-taking.

Since that low, ADA has steadily climbed, reclaiming $0.84 on 10 May before a minor pullback to $0.71 on 19 May.

The rebound above $0.80 this week suggests resilience in bullish structure, characterised by higher lows and a break above a rising trendline.

Key Fibonacci retracement levels show support at $0.7526 (0.236 Fib) and immediate resistance at $0.8533 (0.5 Fib).

A confirmed breakout above this zone could lead to a retest of $0.934 (0.618 Fib) in the short term.

This price structure is further reinforced by the RSI, which recovered from 45–48 last week to 61.13 on 22 May, indicating strengthening buying momentum.

The MACD also completed a bullish crossover on 21–22 May, and green histogram bars have continued to expand, adding confirmation to the upward trend.

BBTrend, volume, and derivatives metrics confirm momentum

The BBTrend indicator, which measures directional strength based on Bollinger Band volatility, has flipped significantly, moving to +8.9913 — the most bullish reading in months.

This shift signals not only increased price volatility but also a directional tilt in favour of bulls.

Volume and derivatives data further confirm the bullish outlook. Open interest in ADA-related derivatives markets has surged to $917 million, the highest level seen in 2025.

This jump in open positions suggests increased confidence and capital deployment from traders, which supports the sustainability of the ongoing rally.

Spot trading volumes have also picked up after a slow start to the month, indicating stronger retail participation as ADA regains price levels not seen since March.

Key price levels to watch this week

Traders are closely watching the $0.85 resistance zone. A successful breakout above this could accelerate gains toward $0.93–$0.94 over the next 7–10 days.

On the downside, the $0.75–$0.77 support band remains critical. A breakdown below this range could expose ADA to deeper losses, possibly toward $0.72 or even $0.647 if selling pressure increases.

While the overall technical setup remains bullish, much depends on whether the price holds key support levels and maintains current volume momentum.

The post Cardano price surges past $0.80: where is ADA headed? appeared first on CoinJournal.

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Bitcoin eyes $112k as Strategy announces plans to buy $2.1B BTC

  • Bitcoin (BTC) price trades above $111,400 and eyes $112k amid new bullish momentum.
  • Strategy, formerly MicroStrategy, has announced plans to buy up to $2.1 billion in BTC.
  • The company’s plans and overall market outlook are boosting bulls.

Bitcoin (BTC) rose above $111,000 again after a brief retreat from its all-time high.

The top crypto traded at $111,486 at the time of writing, just off the ATH of $111,861 reached on Wednesday.

While the daily range included a revisit of prices below $111k, Strategy’s, formerly MicroStrategy, announcement looks to have injected fresh impetus into Bitcoin bulls.

With BTC near $111.5k, bullish sentiment could see it line up another explosive run.

This is after Michael Saylor’s Strategy revealed plans to buy an additional BTC worth $2.1 billion.

On May 22, 2025, Strategy disclosed the intended BTC purchase in a prospectus supplement that the company filed with regulators.

The filing shows that Saylor’s publicly-listed firm plans to issue up to $2.1 billion of its 10.00% Series A perpetual preferred stock and use the proceeds to add to its Bitcoin strategy. Funds will also go into working capital.

“Strategy expects to make sales of perpetual strife preferred stock pursuant to the ATM Program in a disciplined manner over an extended period, taking into account the trading price and trading volumes of the perpetual strife preferred stock at the time of sale. Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of bitcoin, and for working capital,” the company said in a press release.

Bitcoin price prediction

Crypto investor and analyst Scott Melker posted on X that Bitcoin had just completed a “golden cross”, between the 50-day and 200-day moving averages.

He shared a chart showing the potential BTC price pump.

“This is the third since late 2023. As you can see, each was preceded by a “death cross,” which has always been a lagging signal at the bottom,” he noted. “Each Golden Cross led to a parabolic advance.”

Here’s Scott Melker, aka Wolf of All Streets’ post with a Bitcoin price chart.

After hitting highs above $110k, analysts are bullish that the next target for BTC could be $120k by the end of the second quarter.

Standard Chartered forecasts a run to $200k by the end of the year, while gains amid institutional interest could send Bitcoin price to above $500k by 2029.

In the tailwinds corner for BTC price could be the “massive liquidity boom” that Bitcoin maxi Fred Kreuger says will soon hit the market.

Bitcoin price has increased by over 4% in the past 24 hours and over 25% in the past month.

The post Bitcoin eyes $112k as Strategy announces plans to buy $2.1B BTC appeared first on CoinJournal.

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Ethereum and XRP prices regain momentum as Bitcoin Pepe gains steam

Bitcoin price rallied to a fresh all-time high of $111,881 earlier on Thursday as the bulls eye $120,000. With the heightened risk-on mood, leading altcoins and meme coins, including Ethereum and Ripple, have recorded significant gains. 

Notably, the Bitcoin-led rallying has attracted more buyers to the first meme ICO on the Bitcoin network, Bitcoin Pepe. The project, which is already experiencing a surge in investor interest ahead of its presale end on 31st May, is set to record 100X growth in coming months. Indeed, it has already announced CEX listings. 

Ethereum ETF records streak of daily inflows as investor interest surges

Ethereum bulls have succeeded at defending the crucial support zone of $2,500; bolstering the top altcoin to a one-week high as Bitcoin reached a new all-time high. At the time of writing, ETH was trading at $2,683; slightly lower than the three-month high it hit last week. 

In addition to the price action, US ETH spot ETFs are moving in tandem with the bullishness in the broader crypto market. Data released by SoSoValue highlights a streak of inflows over the past four sessions. 

On Wednesday, BlackRock’s ETHA topped daily net inflows at $24.86 million. At the same time, Fidelity’s FETH recorded daily net outflow of $24.28 million will the rest in the top 9 list had zero flows.

On its daily chart, Ethereum price continues to trade above the 25 and 50-day EMAs. With the heightened risk-on mood, I expect the crypto major to continue holding steady above the crucial support zone of $2,500 as the bulls strive to hit a fresh 3-month high at $2,750.

Interest in Bitcoin Pepe skyrockets as Bitcoin hits new all-time high

On 11th February, Bitcoin Pepe presale started and in the first 90 seconds, it had already sold out stage 1. Indeed, it raised over $1.2 million on its first day as investors rushed to be part of this one-of-a-kind project. Its attractiveness was largely founded on its mission of using a Layer-2 solution to merge the meme culture and Bitcoin’s security. It sort to bring meme coins back home to the most secure network and investors were sold.

Three months later, that momentum has not slowed. Infact, since Bitcoin Pepe announced a CEX listing on 31st May, investors are rushing to amass some BPEP tokens at the current price of $0.0359. With its robust growth potential, this might be the lowest price that the meme crypto will ever get to moving forward. 

So intense is the FOMO, that the project has raised over $1 million in just one week. Since the start of the 90-day presale, it has raised over $10 million. As the presale flows skyrocket and Bitcoin hits a new all-time high, crypto enthusiasts have a short window to enter the market and watch as their initial investment grows a hundred-fold. Hurry up and buy Bitcoin Pepe here.

Ripple price defies path set by bearish pattern as market sentiment improves

Over the past one week, Ripple price has largely been trading within descending trend lines as the market processed the court’s rejection of the Ripple Labs – SEC joint agreement request. As Bitcoin’s fresh all-time high boosts the sentiment in the broader market, XRP appears to be attracting more buyers. 

A look at its four-hour chart shows the 25 and 50-day EMAs converging at the crucial support zone of $2.3865. With the probable formation of a bullish golden cross pattern, the range between that support zone and $2.4550 is worth watching. 

Past that level, more buyers may bolster the altcoin to the next target at $2.5000. On the flip side, a pullback would place the support level at $2.3464 as the bulls keep the crypto off the previously formed descending trendlines.

The post Ethereum and XRP prices regain momentum as Bitcoin Pepe gains steam appeared first on CoinJournal.

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KAITO price prediction after Kaito Pro Mobile Beta update

  • The price of KAITO is approaching the key $2.50 resistance zone.
  • Kaito’s Yapper community growth and the new Kaito Pro Mobile update have boosted KAITO’s utility and community engagement.
  • A breakout above $2.50 could push KAITO cryptocurrency to retest the $2.90 ATH.

KAITO has attracted considerable attention recently as its price demonstrates strong bullish momentum that has seen its price rise by over 176% over the last month.

This price surge has stirred optimism among investors and traders alike, who now closely watch the cryptocurrency’s next price trajectory.

With technical indicators showing promising signs and fresh ecosystem developments underway, KAITO appears poised for potential significant gains in the near term.

KAITO price analysis

The recent KAITO price action reveals a striking 20% surge in the last 24 hours, pushing KAITO to trade around $2.19.

This upward move follows a period of consolidation, where the price hovered between $1.70 and $1.90 for nearly a week, indicating a buildup of buying pressure.

Prior to this, KAITO experienced a sharp rally in early May, climbing from $0.79 to nearly $2, marking a stunning 150% gain in just four days.

Currently, KAITO is testing a crucial resistance zone close to $2.50, which represents a post-all-time high (ATH) breakdown level.

This resistance area previously halted price advances after the token’s ATH of $2.90 was reached on February 27, 2025.

If KAITO manages to break above this resistance cleanly, it could pave the way for a retest of the $2.90 ATH, offering a possible 30% upside from current levels.

Consequently, traders are eagerly watching for this breakout as a confirmation of sustained strength.

Technical indicators provide additional insight into the token’s potential trajectory.

The Relative Strength Index (RSI) is currently at 69, nearing the overbought threshold, which implies strong buying momentum but also signals caution.

Meanwhile, the Moving Average Convergence/Divergence (MACD) remains bullish, with the MACD line comfortably above the signal line, though the histogram suggests a slight slowdown in momentum.

Despite this, trading volume has remained steady since the breakout in early May, supporting the price rise.

KAITO ecosystem continues to grow

Beyond price action, the ecosystem surrounding KAITO continues to evolve in ways that may influence market sentiment positively.

The recent update to the Kaito Pro Mobile Beta introduces several innovative features, such as direct access to Token Mindshare heatmaps and enhanced metasearch capabilities.

These improvements allow users to track token popularity and sentiment across platforms more efficiently, fostering greater transparency and community engagement.

Moreover, Kaito’s Yapper community has gained momentum, largely fueled by the Yapper Launchpad, which empowers users to vote on upcoming projects for the Yapper Leaderboard.

This community-driven approach strengthens the project’s foundation by involving token holders in key decisions.

Additionally, the launch of the Rewards Station within the Kaito Earn platform incentivises active participation by distributing weekly payouts in sKAITO tokens, further encouraging engagement and loyalty.

Given these developments, the market appears optimistic about KAITO’s prospects. The combination of strong technical momentum and a thriving ecosystem creates a supportive environment for price appreciation.

However, traders should remain aware of the RSI’s near-overbought condition, which might lead to short-term corrections before any sustained rally.

The post KAITO price prediction after Kaito Pro Mobile Beta update appeared first on CoinJournal.

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Analysts see bullish momentum for Moo Deng memecoin even after 11% drop

  • Moo Deng has dipped by double digits, although uptrend momentum remains intact.
  • Vitalik’s backing and KRW listing boost long-term sentiment.
  • Moon Deng must hold above the 0.618 Fibonacci retracement support level for the continuation of the bullish trend.

After a splendid performance, the Moo Deng memecoin has seen its price drop by about 11.9% over the past week, signalling a pause in its recent bullish momentum.

This correction follows a euphoric rally that captured significant market attention, propelled by both celebrity-level virality and support from Ethereum co-founder Vitalik Buterin.

The price currently trades at approximately $0.231, down from recent highs that brushed against the $0.27 mark, reflecting a cooling-off period after intense speculative activity.

Technical analysis suggests continued bullish momentum

Despite the dip, Moo Deng’s broader trend remains intact, supported by a strong confluence of technical indicators and a surge of institutional interest following its listing on Korea’s Coinone exchange.

Even though the memecoin has shed close to 14% from its local high, analysts are viewing the retracement as a healthy part of the current uptrend rather than a shift in trend.

As price retreats, it is now testing a support-rich confluence zone that includes the 0.618 Fibonacci retracement level, the 200-day moving average, and a long-term high time frame support range.

Historically, such zones have triggered strong bullish reactions, and if this pattern holds, the recent dip may represent an ideal accumulation opportunity.

Bulls are looking for the formation of a higher low that would reinforce the validity of the ongoing uptrend.

If Moo Deng confirms support here and begins to reverse, the price is likely to target previous resistance levels near $0.31 and possibly $0.35 in the coming sessions.

Fundamentals and sentiment remain strong despite volatility

Notably, the current price retracement came just weeks after Vitalik Buterin donated 88 ETH, worth around 10 million Thai baht, to Khao Kheow Zoo in Thailand to sponsor Moo Deng, the real-life pygmy hippo behind the memecoin, as promised in December 2024.

That high-profile gesture not only elevated Moo Deng’s global profile but also catalysed a dramatic surge in price and trading volumes, with the token gaining over 125% in the days that followed.

Although the hype has temporarily settled, the coin still benefits from strong community engagement, viral momentum, and expanding market access via the KRW market on Coinone.

The combination of cultural relevance, blockchain symbolism, and real-world charity has created a uniquely resilient narrative around MOODENG, giving it more staying power than typical memecoins.

While short-term traders may react to pullbacks with caution, long-term holders appear confident that this correction is part of a larger bullish pattern.

With Moo Deng trading within a predictable technical structure and supported by increasing liquidity, market watchers are now eyeing a potential rebound that could reestablish upward momentum.

If this support level holds and the anticipated higher low forms, MOODENG could soon resume its climb and challenge its recent highs, making the current dip a potentially strategic re-entry point.

The post Analysts see bullish momentum for Moo Deng memecoin even after 11% drop appeared first on CoinJournal.