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Prominent cryptocurrency analyst Ali Martinez has predicted an imminent price reversal for ENA, the native token of the Ethena ecosystem, despite its recent bearish momentum. ENA has faced significant losses, plunging 35.37% over the past week and 12.64% in the last 24 hours. At the time of writing, the token is trading at $0.5054, down…
Polygon (POL) is currently fighting for its survival, with its value plummeting 80% from its all-time high of $1.29. The cryptocurrency is now at a critical juncture, with $0.28 serving as the key support level that could determine its future. Declining Momentum and Market Pressure Polygon has been on a steady decline, losing 55% since…
From Friday afternoon through Monday, large-cap cryptocurrencies like Cardano (ADA), Polkadot (DOT), and Avalanche (AVAX) have experienced significant declines. As of 3 p.m. ET Monday, ADA, DOT, and AVAX have lost 39.3%, 33.7%, and 33.1%, respectively, with broader market uncertainty playing a central role in this downturn. Notably, Donald Trump’s tariff announcements on Mexico, Canada,…
XRP has caught the attention of investors with a meteoric rise of over 500% between November 2024 and January 2025. However, recent market downturns have left the token with a 30% loss, bringing its price down to $2.36. Despite this, market experts remain bullish on XRP’s future, with a price prediction that sees the coin…
Despite concerns that altseason may be cancelled this bull cycle, seasoned analysts are shutting down the fear, uncertainty, and doubt (FUD) circulating in the market. The skepticism stems from a significant retracement in the altcoin market cap, coupled with a drop in the Crypto Fear & Greed Index to 38, indicating a ‘Fear’ market sentiment….
Sui (SUI) has rebounded sharply after recent losses, creating an ideal risk-to-reward scenario for intraday traders. The bullish price action has attracted significant interest, particularly from Binance users, who have increasingly taken long positions in the past 24 hours. Binance Traders Show Strong Bullish Sentiment According to Coinglass, Binance’s SUIUSDT Long/Short Ratio stood at 2.51,…
In the past 24 hours, Bonk (BONK) has demonstrated a notable resurgence, posting a 7.37% rally and pushing its value to $0.00001851. This comes after a turbulent period marked by significant losses, with BONK seeing a 28.79% drop in the past week and a 46.55% decline over the last month. Despite these setbacks, the recent…
The cryptocurrency market has recently taken a hit, losing around 2.25% of its valuation in just 24 hours. With a trading volume of $190.85 billion, the global crypto market cap is currently at $3.22 trillion. Bitcoin (BTC), the largest cryptocurrency by market cap, is hovering around the $98,000 mark, signaling a heightened bearish sentiment. Short-Term…
Crypto.com is taking bold steps in 2024, announcing plans to launch an exchange-traded fund (ETF) based on its native token, Cronos (CRO). Expected to be approved by Q4 2024, this ETF could solidify Crypto.com’s influence in both the cryptocurrency and traditional financial markets. Alongside the ETF, the platform is working on launching its own stablecoin…
Solana (SOL) has shown remarkable resilience, maintaining its position above the crucial $200 support level despite recent market volatility. After briefly dipping to $173, Solana quickly rebounded, reflecting the heightened activity in the market. While the cryptocurrency has declined by 30% from its all-time high of nearly $280, investors are keenly observing whether SOL can…