Cardano price analysis outlines a make-or-break scenario for ADA as it hovers above the $0.653 support level. A bounce here could prevent further losses, but a breakdown of this key barrier could lead to a 30% correction to $0.506, a critical liquidity area. What can investors expect? Cardano Price Analysis Cardano’s price has produced three distinctive lower highs since the December 2, 2024, peak of $1.326, highlighting the predominant bearish trend. The 22% crash since May 23 has knocked ADA down toward the $0.653 support level. This barrier served as a foothold for bounce four times in the past four months. Hence, a revisit of this level could lead to a strong reaction. Will ADA bounce from this critical support level or crash below it? Technicals like the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggest an overwhelmingly bearish outlook. The recent Bitcoin price drop has triggered a crash… Read More at Coingape.com
Hedera (HBAR) is showing mixed signals as it hovers at a key technical juncture. Its market cap is currently at $7 billion. Despite signs of growing momentum, trading volume has dropped 27% in the last 24 hours, now sitting at $104.29 million.
While indicators like the RSI and EMA lines hint at a potential bullish breakout, the BBTrend remains negative, suggesting that trend strength is still fragile. For now, HBAR’s price movement reflects a market in transition, caught between fading volatility and early signs of renewed interest.
HBAR Trend Weakness Eases, But Momentum Still Lacking
Hedera’s BBTrend indicator is currently at -3.53 and has remained in negative territory for nearly three consecutive days. Just yesterday, it hit a recent low of -5, signaling particularly weak trend strength during that period.
Although it has slightly recovered, the fact that BBTrend remains below zero indicates that momentum is still lacking, and the price action is showing limited direction or energy.
This prolonged dip suggests that HBAR may be stuck in a period of consolidation or at risk of entering a broader downtrend if no bullish momentum emerges.
BBTrend, or Bollinger Band Trend, measures the strength and volatility of a price trend by analyzing the expansion or contraction of Bollinger Bands.
Positive values typically suggest strong directional movement, while negative values point to weakening trends and reduced volatility. With BBTrend still sitting at -3.53, HBAR remains in a low-energy zone where neither buyers nor sellers are taking clear control.
Unless the indicator returns to positive territory, HBAR may continue to drift sideways or gradually decline, reflecting market indecision and a lack of strong conviction.
HBAR Builds Momentum as RSI Climbs
Hedera’s RSI (Relative Strength Index) is currently at 55.70, rising from 45 just two days ago. This upward move reflects increasing bullish momentum, showing that buying pressure has picked up after a short period of weakness.
While the RSI remains below overbought levels, the steady rise suggests growing interest in HBAR and a potential continuation of its current upward push, provided that momentum sustains.
The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes, typically on a scale from 0 to 100. Readings above 70 are generally considered overbought, while those below 30 are viewed as oversold.
With HBAR’s RSI now at 55.70, it sits comfortably in neutral-bullish territory, indicating room for further upside before reaching overheated conditions.
If this trend continues and RSI edges closer to 70, it could support a short-term rally—but also raise caution for potential exhaustion ahead.
Hedera Set for Bullish Crossover, But Risks Remain Below $0.153
Hedera’s EMA lines are currently showing signs of a potential golden cross forming, which could signal a shift toward a bullish trend. If this crossover happens and momentum strengthens, Hedera’s price may test the resistance at $0.178.
A breakout above that level could pave the way for a move toward $0.20. If the rally accelerates, prices could climb to $0.258, marking the first time HBAR trades above $0.25 since early March.
The upward slope in short-term EMAs reflects growing optimism, but confirmation will depend on volume and price action in the coming sessions.
However, downside risks still remain. If HBAR fails to hold the support level at $0.153, bearish pressure could drag the token down to $0.124.
While technicals are currently leaning bullish, the price remains at a crucial crossroads, with both breakout and breakdown scenarios in play. Until a clear direction emerges, traders should watch these key levels closely.
Leading coin Bitcoin briefly soared above the $107,000 mark yesterday. It reached an intraday peak of $107,108, just 2% shy of its all-time high of $109,588, before retracing.
Although the leading cryptocurrency has since retreated slightly to $104,976 at press time, market sentiment remains firmly bullish, with on-chain indicators suggesting continued upward momentum.
Bitcoin Season is in Full Swing
According to data from Blockchain Center, the cryptocurrency market remains deep in “Bitcoin Season,” a period when BTC significantly outperforms the broader altcoin market.
As of this writing, only 16 (32%) of the top 50 altcoins have outperformed BTC over the past 90 days, far below the 75% threshold required to qualify as “Altcoin Season.”
Furthermore, Bitcoin’s rising dominance supports this position. Since plunging to a two-month low of 61.89% on May 16, BTC.D, a metric that tracks BTC’s share of total crypto market capitalization, has climbed steadily.
Interestingly, since May 14, TOTAL2, which measures the combined market cap of all cryptocurrencies excluding BTC, has trended downward. Currently standing at $1.18 trillion, it has plunged $83 billion over the past week.
This divergence suggests market participants are increasingly reallocating capital into BTC over altcoins.
The current trend signals that traders are doubling down on BTC’s resilience, especially as the king coin attempts to stabilize above the key $105,000 price mark.
BTC’s DMI Points to Strong Buying Pressure
On the daily chart, BTC’s Directional Movement Index (DMI) confirms the bullish pressure in the market. As of this writing, the coin’s positive directional index (+DI, blue) rests above its negative directional index (-DI, orange).
When an asset’s DMI is set up this way, it indicates that bullish momentum is stronger than bearish momentum. This signals a prevailing uptrend and buying pressure in the BTC market.
If this continues, its price could attempt to breach the resistance at $107,048, and rally toward its all-time high of $109,588.
