Author: Monicah W

Cardano price is nearing a key technical milestone that may signal a shift in its price momentum. The cryptocurrency, currently priced at $0.6484, has shown a 2.45% decrease in the last 24 hours. However, technical indicators suggest that ADA price is heading towards its first “death cross” of 2025.

Cardano Technical Indicators Point to Bearish Momentum

Cardano’s recent price action suggests that the 50-day simple moving average (SMA) is likely to cross below the 200-day SMA in the coming days. This crossover, known as the death cross, is typically seen as a bearish signal. As per our recent Cardano price analysis, should the death cross occur, ADA could dip 25%.

At the time of writing, the 50-day SMA stands at $0.74, while the 200-day SMA is at $0.734. As the 50-day SMA continues to decline, it indicates that the short-term momentum of Cardano is underperforming compared to its long-term trend. A death cross often leads to a further decline in price, although the extent of the drop can vary.

Despite the approaching death cross, it is important to note that such technical indicators are not always reliable predictors of future price action. While historical patterns may provide insight into market sentiment, they do not guarantee that prices will follow the same trajectory. This means that ADA price could experience a reversal even after the death cross forms, depending on other market factors.

Recent Price Trends and Market Conditions

ADA price has seen a notable decrease in Cardano price over the past week, with a 7.67% drop. After peaking at $1.19 in early March 2025, the coin has struggled to maintain its momentum, particularly as broader market concerns weigh on investor sentiment.

On top of this, Cardano’s trading volume has been decreasing. The daily trade volume has dropped by 58.72%, with just under $394 million traded in the last 24 hours. A decrease in trading volume typically suggests that market participants are losing interest or that there is waning demand for ADA.

Despite these challenges, there have been some positive developments surrounding Cardano. Charles Hoskinson, the co-founder of Cardano, recently confirmed that Ripple’s RLUSD stablecoin would be launching on the Cardano network. This news was met with some optimism, sparking interest in ADA. Additionally, Hoskinson teased the possibility of Cardano playing a role in Bitcoin’s decentralized finance (DeFi) ecosystem. These announcements could potentially help Cardano regain momentum, but for now, the technical indicators suggest a cautious outlook.

What Could Happen Next for ADA Price?

As Cardano approaches the death cross, the primary question is whether the price will continue its downward trend or if there will be a reversal. The chart shows a pattern of consolidation, with ADA price action fluctuating within certain support and resistance zones.

According to crypto analyst Seth fin, strong support is seen around the $0.6000–$0.6500 range, while resistance lies near the $0.7000–$0.7500 levels. If ADA fails to break through the resistance, the price could continue its decline towards these support zones.

One potential scenario is that price could experience a bounce if the Cardano price holds at these support levels, particularly the $0.6000 zone. This would signal that the market is still interested in buying ADA at lower prices. On the other hand, if the price fails to hold these support zones and breaks below them, further downside may follow, potentially leading to a retest of lower support zones in the $0.3000–$0.4000 range.

The post Cardano Approaching First Death Cross: What’s Next for ADA Price? appeared first on CoinGape.

Crypto market capitalization closed the week above $2.7 trillion mark on Saturday, April 5, while Trade war panic wiped over $1 trillion off US tech stocks including Apple, NVIDIA and Microsoft.

Microsoft, Apple and Nvidia all lose $3 trillion valuation as Trump tariffs Wipe Out $1 trillion in 3 days

As Trump announced fresh tariffs on Wednesday, global Markets reacted swiftly. The Dow Jones Industrial Average dropped over 3000 points plunging 7.4%, while Crude Oil (WTI) also tumbled more than 10% as manufacturers and commodities traders brace for a blip in global commerce.

But the most dramatic losses came from the United States’ technology sector. Apple, Microsoft, and NVIDIA—three of the most valuable companies globally—shed more than $1 trillion in market capitalization combined after Trump announced the sweeping tariffs on Wednesday.

Apple alone fell 15.02% on the week, while NVIDIA’s stock lost 15.4% following supply chain concerns tied to the semiconductor industry. Microsoft declined 15.9%, extending its weekly loss to the steepest seen since October.

Notably, all three stocks which traded above the $3 trillion mark in the past year have now plunged below that historic threshold.

At press time, on Saturday April 5, Apple (AAPL) sits atop with $2.83 trillion market cap, while Microsoft (MSFT) and NVIDIA (NVDA) follow with current valuations of $2.7 and $2.3 trillion valuations respectively.

Historically, such synchronized declines among the biggest U.S. corporations suggest investors are reacting to systemic market risks rather than, individual stock performance outlook.

This affirms that China’s swift retaliation—announcing new tariffs on U.S. exports within 48 hours—has sparked fears of a sustained trade war.

The looming supply chain risks has prompted investors to pivot away from US stocks towards alternative markets like private credit and cryptocurrencies.

Altcoins Brace for Breakout as Crypto Market Cap Holds at $2.7T  Amid Trade War Concerns

Bitcoin price has held firmly above the $80,000 mark, despite US Trade tariffs sparking intense market turbulence across global financial markets over the past week.  BTC’s resilient price action has caught investor’s attention, with the positive sentiment extending towards altcoins.

On Wednesday, the White House triggered widespread investor anxiety by unveiling sweeping new tariffs on imports from multiple trading partners, including China, India, Mexico, and the European Union.

Early market reactions show that cryptocurrencies withstood the sell-pressure while US Stocks, and manufacturing commodities markets nose-dived.

As seen in the Coingecko chart above, the aggregate crypto market capitalization stands at $2.7 trillion at press time, keeping weekly timeframe losses below the 8% mark. Not only has Bitcoin price held above the $82,000, the resilient performance extended to the crypto sector as a whole.

As seen in the chart, top ranked altcoins like XRP, BNB and Cardano are holding key support levels around $2, $590 and $0.65 respectively, as global markets saw major sell-off response to Trump’s tarrfis.

But in the crypto-sector as weak hands exited, and BTC held steady, altcoin found new buyers as as investors exiting us stocks sought assets unexposed to trade tensions. In effect, Crypto markets only declined 8% in the past week, while Microsoft, Nvidia and Apple all plunged by more than 15%.

As investors exited those markets, the displaced capital found its way into the crypto markets, which has kept top altcoins that Ethereum, XRP, BNB. and Solana consolidating near the $1,800, $2, $600.

For context, of the top 5 ranked cryptocurrencies are posting BTC, ETH, BNB and XRP are all posting less than 1% losses on the weekly timeframe.

Meanwhile, Solana the worst performer among the top-ranked altcoins this week, settles at $119 at press time, having only plunged 5%, despite active bearish catalyst from token unlocks, and upcoming FTX payouts.

The post Crypto Today: Altcoins Find New Buyers as Microsoft, Apple and Nvidia Lose $1 Trillion in 3 Days appeared first on CoinGape.

While Ethereum price continues to falter, a steeper drop for the largest altcoin lurks around the corner. According to Bit Bull, the ETH decline will see it sink to lows of $1,600 in the near future.

Ethereum Price Hurtles Toward $1,600

Cryptocurrency analyst Bit Bull has shared a prediction on X for Ethereum price movement in the near-term. According to Bit Bull, Ethereum looks set to continue its decline and can fall as low as $1,600.

Bit Bull hinges his prediction on Ethereum breaking down from a symmetrical triangle after prices fell below $1,820. The decline below the triangle pattern signals a bearish sentiment, continuing the previous decline. ETH price remains stuck below $2,000 since the drop below the psychological level was driven by a raft of unsavory fundaments and technicals.

The latest is the Ethereum price dropping beneath the triangle pattern, triggering new short entries on the asset. A breakdown and a retest followed by low trading volumes confirm fears of a steeper ETH correction.

“However, after the breakdown and a retest, ETH is now looking bearish,” said Bit Bull. “Technically, there’s a strong possibility for further downside.”

Apart from the symmetrical triangle, a further confirmation of bearish sentiments is seen in ETH dominance. According to his analysis, Bit Bull notes the ETH dominance chart has formed a descending triangle to signal further bearishness.

“A retest toward the upper trendline is likely, but after that, we could see another move down,” added Bit Bull.

On-chain Metrics Confirm Bearish Sentiments For ETH

While technicals are largely pessimistic, on-chain data are telling a similar story for Ethereum price. Right out of the bat, active addresses on Ethereum have taken a major hit in recent months, exacerbating the issue of falling prices.

There is also a decline in Ethereum fees burnt while fees burnt per transaction face a similar slump. Perhaps the biggest indicator for long-term bearishness is an increase in ETH supply after the Merge event.

Despite the negative sentiments, ETH to $4,000 is still in play given the show of as strong support at $1,800. Standard Chartered analyst opines that Ethereum will finish the year at $4,000 after slashing its earlier prediction of $10,000 by 60%.

Ethereum price currently exchanges hands at $1,803, falling by less than 1% over the last day. Weekly charts indicate a similar ETH decline of around 1%, confirming a strong consolidation base for the bruised and battered altcoin. Ethereum’s trading volume stands at nearly $7 billion with whales creating a chunk of market activity for the asset.

The post Ethereum Price Threatens Decline To $1600 After Breakdown From Symmetrical Triangle appeared first on CoinGape.

XRP’s interest has surged in the last 24 hours, providing a bullish outlook for the altcoin. Based on this, Ripple’s native crypto is eyeing a rebound, with crypto analyst Ali Martinez predicting that the XRP price could rebound to as high as $2.60 if it holds the $2 support.

XRP’s Open Interest Surges Above $3 Billion

CoinGlass data shows that XRP’s open interest has surged in the last 24 hours, rising to as high as $3.61 billion, indicating huge interest in the altcoin at the moment. This provides a bullish outlook for the altcoin, seeing as traders are heavily betting on it.

Crypto analyst Ali Martinez also suggested that Ripple’s native crypto could rebound soon. In an X post, he stated that if XRP can stay above the key $2 level, a 30% move toward the channel’s upper boundary at $2.60 could be next.

Crypto analyst CasiTrades’s prediction also showed that the altcoin could surge to $2.70 if it breaks above $2.24. This could eventually pave the way for Ripple’s native crypto to rally to a new all-time high (ATH).

However, there is still the possibility that the altcoin could also drop to new lows. A CoinGape market analysis revealed that Ripple’s price is at a crossroads, as a wedge pattern signals a 70% crash or 700% surge.

Crypto analyst Rex also predicted that XRP could soon witness a bullish reversal. He stated that a breakout is coming and that this is the most obvious play of the cycle. His accompanying chart showed that XRP could rally to as high as $2.9.

Two Paths For Ripple’s Native Crypto

Crypto analyst Egrag Crypto stated that the XRP price could drop to $0.65 or rally to $17. This is based on an Ascending Broadening Wedge, which is currently forming for the altcoin. The analyst remarked that XRP first needs to close above $3.50 for a solid start.

He claimed that if the altcoin hits the $5 range but doesn’t close above it convincingly, this formation has a higher chance of playing out. Egrag Crypto asserted that XRP must retest $1.90 after being rejected from the $5 range.

Once that happens, the altcoin will need another attempt to close above $5, ideally hitting $6 and closing above that level. The analyst affirmed that XRP will likely blast to double digits within two to three weeks if that happens.

The target move for this Ascending Broadening Wedge is a potential $17.50. This aligns with another prediction in which he stated that the XRP price could rally to double digits by the July 21 cycle peak.

However, Egrag Crypto warned that there is still a 70% chance that XRP breaks to the downside and only a 30% chance for an upside breakout. If the altcoin breaks down, the analyst claims the measured move would take Ripple’s native crypto back to $0.65.

The post XRP’s Open Interest Surges Above $3 Billion, Will Price Follow? appeared first on CoinGape.

XRP price rebounds above $2 as BTC and ETH see $50M in liquidations, but derivatives trading metrics suggest weekend volume weakness may pressure altcoins lower.

Ripple (XRP) price holds $2 support as altcoins mirror Bitcoin’s resilience to Trade War Triggers

Ripple (XRP) price initially plunged to 30-day lows around $1.80 with hours after Trump  announced sweeping tariffs during the liberation speech on Friday.

However, the momentum swung positive in recent days as BTC holds firm above $82,000 after China retaliatory 34% tariffs on Thursday, reinforcing investor confidence in the crypto markets as a crisis resistant asset class.

Ripple price rebounded 12.5% since Thursday, rising as as $2.15 at press time according to CoinMarketCap data.

As seen above, Ripple price continues to consolidate well-above the $2 mark, mirroring the likes of ETH, BTC and SOL, which have also defended key psychological support levels around $1,800, $80,000 and $110 respectively over the past week.

Meanwhile, top-ranked US stocks such as Apple, NVIDIA and Microsoft all recorded 15% losses a piece before the week’s trading closed on Friday.

Derivative Market Analysis: Crypto Buying Pressure Could Slow Down this Weekend

With top-ranked crypto assets including XRP all consolidating around key psychological price points this weekend, it signal market-wide buying support, amid capital inflows from investors exiting stocks amid US trade war tensions.

However, considering that US markets are now closed, the volume of transitional capital flows could slow down significant until pre-market trading begin.

Validating this stance, Coinglass derivatives market data shows evidence of short-term bearish trading signals.

Derivatives data from Coinglass reinforces this stance. Over the past 24 hours, crypto markets saw a total of $110.65 million in liquidations, with long positions accounting for $85.10 million—over 76% of the total.

Bitcoin and Ethereum alone alone recorded nearly $50 million combined, with BTC traders booking $36.32 million in liquidations, followed by Ethereum at $13.61 million.

The bearish imbalance, especially the outsized long wipeouts in the last 12 hours ($67.11M longs vs $13.48M shorts), points to a rising number of over-leveraged bullish positions being flushed out.

This suggests short-term exhaustion in buying momentum, increasing the likelihood of a minor pullback or sideways action through the weekend.

With high leverage being unwound and external demand on pause, weekend trading may turn defensive with XRP markets and other prominent altcoins.

Strategic altcoin traders woould watch for support retests, especially if funding rates begin to flip or volume declines further ahead of Monday’s open.

XRP Price Forecast: Bulls facing Resistance at $2.20, Amid Weekend Caution

As the week closes on April 5, XRP price forecast charts on TradingView reflect signs of short-term exhaustion following its rebound to $2.15.

Despite five consecutive green candles, XRP price remains below the 50-day EMA at $2.21 and the 100-day EMA at $2.28. This reflects supply-side pressure still outweighing momentum, even as bulls attempt a recovery from March’s lows.

Notably, the 200-day EMA near $1.95 is acting as a key anchor. A breach below this could trigger stop runs and reopen downside risk toward $1.80.

True Strength Index (TSI) remains in bearish territory at -0.80, yet is flattening, hinting that the selling momentum is decelerating. Volume has weakened across recent sessions, confirming the rally lacks conviction. A clear break above $2.22 would be required to invalidate near-term bearish bias.

Until that happens, XRP remains vulnerable to weekend drawdowns. Bulls must defend $1.95 or risk deeper losses into next week’s open. A close below $2.00 would reassert sellers’ control short-term.

The post XRP Price Analysis: Weekend Demand Weakens as BTC and ETH Traders Lose $50M in Liquidations appeared first on CoinGape.