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Plume Network Lands YZi Labs’ Investment Amid Unprecedented RWA Growth

Monicah W

YZi Labs (formerly Binance Labs) has announced its investment in Plume Network (PLUME). It is a fully integrated modular blockchain designed for the rapid adoption and integration of real-world assets (RWAs).

The investment marks a significant step in advancing blockchain infrastructure that seamlessly bridges traditional finance with decentralized finance (DeFi), further expanding the Real World Asset Finance (RWAfi) ecosystem.

YZi Labs Backs Plume Network to Grow RWAfi Ecosystem

In a press release shared with BeInCrypto, YZi Labs’ Investment Director Max Coniglio emphasized the strategic importance of the investment. He highlighted Plume’s potential to revolutionize RWA adoption.

“At YZi Labs, we invest in projects that harness blockchain technology to create real-world impact and Plume is a prime example—they are bringing real-world assets on-chain to unlock new capital, expand access, and drive adoption. By making RWAs as seamless as any other digital asset, Plume is bridging traditional finance and DeFi, paving the way for broader adoption,” Coniglio told BeInCrypto.

Notably, Plume Network provides an Ethereum Virtual Machine (EVM)-compatible environment that facilitates onboarding a wide range of assets. These include financial instruments, carbon credits, GPUs, and collectibles. Additionally, it seamlessly integrates these assets into a composable RWAfi ecosystem, enhancing their utility and enabling broader financial interactions.

Through its composable ecosystem, Plume enables users to earn rewards, trade, borrow, lend, swap, and engage in market speculation. By integrating real-world assets on-chain, Plume ensures they are as accessible and user-friendly as traditional crypto tokens.

Meanwhile, Chris Yin, co-founder and CEO of Plume, stressed that the platform aims to address the longstanding infrastructure gap that has hindered the widespread adoption of RWAs in the crypto space. 

“Although stablecoins, the original RWA, have successfully proven to onboard new users into crypto, the rest of RWAs have struggled to achieve the same traction. With Plume, asset issuers of all kinds can become Web3 builders, seamlessly connecting to our community, ecosystem, and liquidity,” Yin said.

YZi Labs’ investment comes at a time when RWAs have emerged as one of the fastest-growing sectors in crypto. According to the data from DefiLlama, RWA’s total value locked (TVL) reached an all-time high of $9.9 billion last week.

Moreover, the RWA sector has emerged as the best-performing category over the past year, surging by an impressive 237.2%. 

RWA Sector Performance. Source: Artemis

In contrast, the broader crypto market has experienced mixed results, with some sectors suffering deep losses. While Bitcoin (BTC) has gained 22.2% and privacy coins have risen by 28.2%, their growth pales in comparison to the explosive rise of real-world assets. Meanwhile, Ethereum (ETH) has dropped by 47.7%, and the decentralized finance (DeFi) sector has struggled even more with a 55.8% decline.

Despite its strong yearly performance, the RWA has faced a recent pullback. Month-to-date (MTD) sector performance data shows a -12.1% decline, suggesting a correction following its rapid growth. Bitcoin and Ethereum also posted losses, indicating a broader market downturn rather than an RWA-specific issue.

The post Plume Network Lands YZi Labs’ Investment Amid Unprecedented RWA Growth appeared first on BeInCrypto.

News

MicroStrategy Buys $10.7 Million in Bitcoin, Its Smallest Purchase of 2025

Monicah W

Michael Saylor’s Strategy (formerly MicroStrategy) added 130 Bitcoin (BTC) to its holdings between March 10 and March 16, spending approximately $10.7 million. 

The average BTC price for this purchase was $82,981. This marks the company’s smallest Bitcoin purchase since August 2024.

Why are MicroStrategy’s Bitcoin Purchases Becoming Smaller?

As of March 16, MicroStrategy holds 499,226 BTC, worth around $33.1 billion. The company’s overall average cost per Bitcoin stands at approximately $66,000.

This latest acquisition comes just weeks after MicroStrategy made its largest Bitcoin purchase of 2025. In February, the company spent $2 billion on BTC at prices above $97,000. 

Now, with Bitcoin trading lower, this smaller buy raises questions about the firm’s strategy.

“On-chain clues: Is Bitcoin gearing up for a major reversal? Active addresses peak, signaling potential bullish momentum ahead,” Saylor posted on X (formerly Twitter) today. 

One possible reason for the limited purchase is that MicroStrategy may be waiting for more capital from its stock offerings. 

Last month, the company raised $2 billion through a private offering of convertible senior notes. Most of those funds likely went toward its previous acquisition. If additional funding is needed, the company may be pacing its purchases.

MicroStrategy finances Bitcoin acquisitions through stock sales and zero-interest convertible notes without selling off other assets. 

While this approach has worked so far, the firm’s ability to raise capital depends on maintaining strong financial stability. A sharp rise in liabilities relative to assets could make future financing more difficult.

microstrategy bitcoin holdings
MicroStrategy Bitcoin Holdings Over Time. Source: Bitcoin Treasuries

However, there’s a more concerning reason why MicroStrategy could have made such a small Bitcoin purchase today. 

Bitcoin is currently trading just below $83,000, and some analysts suggest the price has not yet bottomed. Arthur Hayes and other experts predict BTC could drop to around $70,000 before the next upward move.

BeinCrypto analysts believe the market is experiencing a temporary correction rather than the end of the bullish phase. 

If MicroStrategy shares this view, it may be waiting for a further dip before making a larger investment.

The post MicroStrategy Buys $10.7 Million in Bitcoin, Its Smallest Purchase of 2025 appeared first on BeInCrypto.

News

Crypto Outflows Surge to $1.7 Billion as Bitcoin Bears the Brunt of Withdrawals

Monicah W

The crypto market continues to face a sustained period of capital flight. According to the latest CoinShares report, digital asset investment products experienced a fifth week of outflows.

It comes amid continued bearish sentiment, with Bitcoin (BTC) bearing the worst as seen in its price, which remains well below the $90,000 threshold.

Crypto Outflows Surge to Nearly $1.7 Billion

The report indicates that total crypto outflows reached $1.687 billion, bringing cumulative losses over this negative streak to $6.4 billion. This also marks the 17th straight day of outflows, the longest unbroken period of capital withdrawals since 2015.

Despite the sustained downturn, year-to-date (YTD) inflows remain positive at $912 million. However, the latest market correction and consistent investor withdrawals have resulted in a $48 billion decline in total assets under management (AuM) across digital asset investment products.

Per the report, the US remains the epicenter of the ongoing crypto outflows, accounting for $1.16 billion in outflows. This represents approximately 93% of all outflows during this negative streak. In contrast, Germany experienced a modest inflow of $8 million, indicating regional variations in investor sentiment.

Bitcoin continues to withstand the worst of investor withdrawals, with an additional $978 million in outflows over the past week, bringing its five-week total to $5.4 billion. Meanwhile, short-Bitcoin positions also saw $3.6 million in outflows, indicating a general decrease in bearish bets against the pioneer crypto.

Crypto Outflows Last Week
Crypto Outflows Last Week. Source: CoinShares Report

While most digital assets have declined, XRP continues to attract investment. It recorded an additional $1.8 million in inflows, standing out as one of the few assets seeing positive momentum.

This optimism likely draws from abounding hope of an imminent conclusion to the longstanding legal battle between Ripple and the US SEC (Securities and Exchange Commission). There is also hope that the SEC may reclassify XRP as a commodity.

One of the most striking developments during this market downturn was the Binance exchange’s near wipeout of assets under management. A key seed investor’s exit drained almost all of Binance’s AuM, leaving the exchange with just $15 million in remaining AuM.

Meanwhile, this sustained sell-off follows a weeks-long pattern of negative sentiment. The previous week, crypto outflows hit $876 million, with US investors leading the charge in market liquidations.

Before that, outflows had already neared $3 billion, driven by weak investor sentiment and rising market fears.

The persistent crypto outflows and declining AuM figures suggest that confidence in the crypto sector is yet to recover. However, pockets of resilience—such as XRP’s inflows and minor gains in Germany, indicate that investor appetite has not vanished entirely.

The post Crypto Outflows Surge to $1.7 Billion as Bitcoin Bears the Brunt of Withdrawals appeared first on BeInCrypto.

News

3 Altcoins to Watch in the Third Week of March 2025

Monicah W

The crypto market’s volatility has left altcoins in limbo, uncertain about potential gains or losses, and heavily reliant on external factors. These influences could determine whether a recovery rally occurs.  

BeInCrypto has analyzed three key altcoins for investors to watch in the third week of March and what direction they could take.

Solana (SOL)

Solana’s price is currently at $129, positioning itself for a potential bullish breakout. On March 17, the Chicago Mercantile Exchange (CME) will launch SOL Futures, a significant event for the altcoin. As CME is one of the largest derivatives exchanges globally, this could drive substantial institutional inflows into Solana.  

This development could inject bullish momentum into SOL, pushing the altcoin higher. The critical resistance level to watch is $161, which would require a 24% price surge. However, for this rally to materialize, SOL must first breach the $135 and $148 resistance levels, paving the way for continued gains.  

Solana Price Analysis.
Solana Price Analysis. Source: TradingView

If Solana fails to break through either $135 or $148, its price could retrace. A drop below these levels could send SOL back to $126 or lower to $118. This scenario would invalidate the bullish outlook, delaying any potential recovery and exposing the altcoin to further downside risk.

Mantle (MNT)

MNT price has surged 25% over the past week as anticipation builds for Mantle’s upcoming network upgrade. On March 19, the Mantle Network Mainnet will undergo a hard fork upgrade, activating EigenDA and ensuring compatibility with Ethereum’s future Pectra upgrade. This event is driving strong bullish sentiment for MNT.

In response to the upgrade, MNT is expected to see further gains, potentially reaching $1.00. Currently trading at $0.83, the altcoin needs to breach the $0.87 and $0.94 resistance levels to sustain its rally. A successful breakout above these levels could confirm the bullish trend.

MNT Price Analysis.
MNT Price Analysis. Source: TradingView

However, failure to surpass $0.87 could keep MNT stuck in consolidation. If the altcoin loses support at $0.79, it risks falling further to $0.71. A drop to this level would invalidate the bullish outlook and shift market sentiment toward a bearish trend.

BNB 

Another altcoin to watch in March, BNB’s price surged 19.5% this week, reaching $635 at the time of writing. The altcoin successfully broke through the key resistance block between $587 and $619. With bullish momentum building, BNB appears poised for further gains, provided market conditions remain favorable in the coming days.

One major catalyst is the upcoming Pascal hard fork on March 20. The upgrade will introduce EIP-7702 smart contract wallets, enhanced Ethereum Virtual Machine (EVM) compatibility, and improved developer flexibility. These enhancements could drive investor confidence, pushing BNB above $647 and potentially toward the $686 mark.

BNB Price Analysis.
BNB Price Analysis. Source: TradingView

However, if the anticipated rally fails to gain traction, BNB could retreat to $619. Losing this support level may trigger further declines, sending the altcoin back through the resistance block and potentially testing the $550 support level, which would invalidate the bullish outlook.

The post 3 Altcoins to Watch in the Third Week of March 2025 appeared first on BeInCrypto.

21Shares To Liquidate Bitcoin and Ethereum Futures ETFs, Here’s All

Monicah W

21Shares To Liquidate Bitcoin and Ethereum Futures ETFs, Here’s All

21Shares has announced that it is bringing down the curtain on its Bitcoin and Ethereum futures exchange-traded funds (ETFs). The issuer is eyeing March 28 as a tentative date for the liquidation of both ETFs amid a wave of new filings in the US.

21Shares Set To Liquidate Bitcoin and Ethereum ETFs

According to an announcement, crypto ETF issuer 21Shares has disclosed plans to ditch its Bitcoin and Ethereum futures ETFs. Per the announcement, the affected ETFs are the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF.

While the press release did not give clear reasons for the liquidations, it hinged its decision on a periodic review of its offerings. The statement cited a need to align existing product lineups with market dynamics and clients’ needs in a changing landscape.

However, pundits say the liquidations are a result of jarring ETF outflows in recent months.

Shareholders can sell their holdings up until March 27, a date touted as the last trading day for both ETFs. 21Shares plans to put the final nail in the coffin for both ETFs on March 28, liquidating all remaining assets.

“Shareholders who continue to hold shares of a Fund on the Fund’s Liquidation Date will receive a liquidating distribution with a value equal to their proportionate ownership interest in the Fund,” read the press release.

Increased ETF Activity In The Cryptoverse

Despite the wave of outflows, the ETF space is sizzling with frenetic activity. Buoyed by impressive returns, 21Shares slashed fees to 0.49% for its Bitcoin Ethereum Core ETPs.

Bitwise has rolled out its OWNB ETF to track companies holding Bitcoin on their balance sheets. Bitcoin ETF investors continue to put their faith in offerings in the face of price amid Rex Shares launching the first Bitcoin Corporate Bond Convertible ETF

Outside of Bitcoin, several issuers have filed for XRP, HBAR, DOGE, and AVAX ETFs with the US SEC. For Ethereum investors, CBOE has applied to the SEC to approve staking in Fidelity’s ETH ETF.

 

 

The post 21Shares To Liquidate Bitcoin and Ethereum Futures ETFs, Here’s All appeared first on CoinGape.

Analyst Sets $100 As “Realistic” Target For XRP Price In This Bull Run

Monicah W

Analyst Sets $100 As “Reasonable” Target For XRP Price In This Bull Run

Crypto analyst XRP Captain has provided an ultra bullish outlook for the XRP price. He suggested that the crypto could reach triple digits in this market cycle while asserting that such an ambitious price target is realistic.

Analyst Sets “Realistic” Target Of $100 For The XRP Price

In an X post, XRP Captain stated that $100 is a realistic target for the XRP price in this bull run. However, the analyst failed to mention when exactly XRP could reach this ambitious target or what could spark the parabolic rally to this price target.

This prediction comes just as crypto Egrag Crypto stated that XRP will reach double digits in this market cycle and then triple digits in the next cycle. Meanwhile, crypto analyst Dark Defender has provided an even more bullish outlook for the coin than XRP Captain.

Dark Defender recently predicted that the XRP price could rally to $333 if it mirrors its performance in the 2017 bull run. Analysts like Egrag Crypto have also alluded to the coin’s historical performance in 2017 as the reason it could enjoy massive gains in this bull run.

Insight Into The Crypto’s Current Price Action

In an X post, Dark Defender stated that the XRP price is forming Wave 1 on the daily chart. He remarked that he expects the crypto to move towards $2.42 first. The analyst affirmed that the real momentum will start after XRP stands above the Ichimoku clouds.

The analyst then highlighted $2.22 and $2.04 as the support levels to watch out for while the targets are $4.2932 and $5.8563. As CoinGape reported, crypto analyst Rose Premium also predicted that XRP could soon reach $5 as BlackRock gears up for ETF filing.

Egrag Crypto stated that XRP’s dominance is showing tremendous strength. He noted that the dominance is on the verge of closing above the 2021 high of 6%, surpassing Fib 0.6, which he considers a critical level and a super bullish sign once this close happens.

Image

The analyst further remarked that if the dominance successfully closes above Fib 0.5, it could surge straight to Fib 0.888, which is his target of 15 to 20%. He added that this would align with the highs from 2015. It is worth mentioning that the Egrag Crypto previously asserted that XRP will flip Ethereum to become the second-largest crypto by market cap.

In another X post, the analyst stated that XRP’s Relative Strength Index (RSI) is steadily ticking upwards and that it is just a matter of time before market participants witness a celestial move.

Image

Egrag Crypto also highlighted key RSI targets. He stated that 70 is for bullish confirmation, 77 is for bullish momentum, 85 is for bullish continuation, and 89 is for a parabolic rally for the XRP price.

The post Analyst Sets $100 As “Realistic” Target For XRP Price In This Bull Run appeared first on CoinGape.

Can Pi Network Price Triple if Binance Listing is Approved Before March 2025 Ends?

Monicah W

Pi Network Rivals Under $1 to Turn $300 to $3K by Month End 2025

Pi Network price stabilised just above the $1.50 mark on March 15. For PI to triple by the end of March 2025, it would need to reach around $5.55, within a two-week timeframe. Here are key potential PI market catalysts and insights to watch as the month unfolds.

Current Pi Network Price Trends

Recent analysis reveals that PI has undergone significant volatility. After reaching a high of $3.01 last week, the price has dropped by over 40%, reflecting a typical boom-and-bust cycle common in emerging cryptocurrencies.

However, recent bullish momentum across the broader crypto market, following favourable U.S. CPI and PPI reports, has reignited interest in digital assets, including PI.

Volume analysis further supports the possibility of a price rebound. Over the past 72 hours, trading volume has steadily increased, signalling renewed market interest.

Rising volume typically indicates strong buying pressure, reinforcing the probability of a short-term price breakout.

Why is PI Network Price Going Up?

One of the biggest driving factors behind PI’s price action is speculation regarding a potential Binance listing. Over the past few months, PI has secured listings on CoinGecko, CoinMarketCap, and other major price-tracking platforms. These listings have boosted awareness, leading to increased demand.

PI Network Price Action, March 15 | CoinMarketCap
PI Network Price Action, March 15 | CoinMarketCap

As depicted above, PI currently ranks 11 largest cryptocurrency network by market cap, surpassing $10.5 billion at the time of writing.

Many traders and analysts believe that PI remains undervalued due to its absence from Binance, the world’s largest crypto exchange. If PI listing on Binance materialises in March, it could trigger substantial inflows from institutional and retail investors.

PI Network Price Projections 2025

According to CoinMarketCap insights, PI has the potential to cross the $50 mark in 2025. Meanwhile, CoinCodex offers a more conservative projection, forecasting a 101.79% increase, which would push PI to $5.64.

While these forecasts highlight PI’s upside potential, strategic traders remain aware of the broader market risks.

PI Network Price Prediction, 2025 | CoinMarketCap
PI Network Price Prediction, 2025 | CoinMarketCap

With altcoin ETFs dominating crypto market discourse, there’s a real possibility that an approval verdict from the U.S. SEC could divert investor attention and liquidity away from PI. Assets like XRP, SOL, and ADA—each with ongoing ETF filings—could see increased institutional inflows, potentially draining PI spot demand.

Binance Listing Could Spark a Parabolic Rally

Having already secured listings on major crypto exchanges Bitget and OKX, the potential Binance listing would place PI in the spotlight, dramatically increasing demand. If the listing materializes in March 2025,

A confirmed Binance listing could act as a game-changer for PI. Several key factors could contribute to a parabolic rally:

  • Exchange Liquidity: Binance’s deep liquidity and global reach could significantly enhance PI’s trading volume, increasing price stability and reducing volatility during rallies.
  • Ecosystem Expansion: Exchange listings often attract new partnerships, institutional investors, and developers, leading to broader adoption.

In essence, if PI Network’s listing on Binance materialises, PI’s chances of reaching $5.55 would increase significantly.

PI Network Technical Analysis: $4.5 Breakout Could Validate Triple Gains Forecast

For PI to triple from $1.49 to $4.47-$5.55, it must first clear several key resistance levels:

  • $1.58 (Middle Bollinger Band): A move above this level signals a bullish trend shift.
  • $1.91 (Upper Bollinger Band): Breaking this resistance confirms upward momentum.
  • $2.50 (Historical Resistance): Historically significant level that has posed a major barrier to previous rallies.
  • $3.00 (Psychological Resistance): A surge past $3.00 milestone price level would reinforce a move toward $4.50-$5.55.
PI Network Price Forecast
PI Network Price Forecast

However, failure to hold $1.25 (Lower Bollinger Band) or a breakdown below $1.00 could delay or invalidate bullish projections. Ultimately, market catalysts, adoption rates, and overall sentiment will dictate whether PI achieves this ambitious price target before March 2025 ends.

The post Can Pi Network Price Triple if Binance Listing is Approved Before March 2025 Ends? appeared first on CoinGape.

Solana Cofounder Advocates For Decisive Governance As SIMD-228 Proposal Fails

Monicah W

Solana Cofounder Advocates For Decisive Governance As SIMD-228 Proposal Fails

Following the failed bid of a proposal to change network tokenomics, Solana cofounder Anatoly Yakovenko has reiterated the need for decisive governance. Yakovenko argues that failing fast will do more for Solana than a slew of proposal approvals.

Solana Governance Has To Prioritize Speed And Incisiveness

Solana co-founder Anatoly Yakovenko has moved on from the community’s rejection of the Solana Improvement Document (SIMD)-0228. Yakovenko noted that despite the failed proposal, the speed of governance proceedings for Solana left an impressive mark.

The SIMD-0228 sought to change Solana’s tokenomics by introducing a dynamic inflation model, moving away from the network’s fixed inflation schedule. While the proposal split the network over centralization fears and disadvantages to smaller validators, Yakovenko highlighted the silver lining in its rejection.

Learning from the proposal, the Solana cofounder disclosed that the network’s governance must be “fast and decisive.” For Yakovenko, the quick resolution of the proposal frees up resources for the network to explore a better approach.

“How fast the ecosystem iterates is a thousand times more important than making sure that every proposal passes,” said Yakovenko.

Over 74% of validators participated in the vote with Yakovenko declaring support for the proposal. Big ecosystem players including VanEck supported the proposal amid speculation that Solana price will spike following the approval.

Bulls Eye Upward Movement For SOL Price

Despite the rejection of the proposal, bulls are still clinging to hope that SOL can go on a parabolic rally. The network has faced significant downward pressure in recent weeks, complicated by Alameda’s SOL unstaking. A steep drop in Solana DEX volume darkens the cloud for the future of the asset’s price.

However, analysts are keeping their eyes on the potential repeat of a 2021 pattern that can send SOL price to $4,000. There is speculation that Solana is on course to surpass Ethereum’s market capitalization.

Optimist are hinging their prediction on on-chain metrics and the soaring number of projects building on the network. In the short term, traders have their eyes on SOL to $200 before the end of March despite a looming death cross.

 

The post Solana Cofounder Advocates For Decisive Governance As SIMD-228 Proposal Fails appeared first on CoinGape.

Crypto Market This Week: BTC Rebounds Ahead of FOMC, Macro Heat Over?

Monicah W

Crypto Market This Week: BTC Rebounds Ahead of FOMC, Altcoins Follow

The crypto market concluded yet another week, primarily sparking investor optimism with recovering price trajectories. Bitcoin (BTC) price recovered from a $76K low to reach $84K right ahead of the U.S. FOMC next week. Whereas, major-league altcoins also mimicked price gains. The global cryptocurrency market cap again embarked upon a trajectory towards the $3 trillion mark as the week comes to an end.

Mentioned below are some of the top crypto market updates reported by CoinGape Media over the past week.

Crypto Market: Bitcoin Advancements This Week

The flagship crypto has witnessed significant developments over the past seven days, keeping investors optimistic despite price turbulence. Notably, global financial services firm Cantor Fitzgerald launched a $2 billion Bitcoin financing business, partnering with Anchorage Digital and Copper for secure institutional access.

On the other hand, Cathie Wood’s Ark Invest expanded its Bitcoin holdings, accumulating 997 BTC worth $80 million via Coinbase this week.

Also, despite the recent market turmoil, 95% of investors in the U.S. spot Bitcoin ETFs continue to hold onto their holdings. As a result, market watchers continue weighing optimism over long-term price prospects.

It’s also noteworthy that the Singapore Exchange (SGX) is planning to launch Bitcoin futures contracts shortly ahead.

Moreover, Deutsche Boerse’s post-trade unit Clearstream plans to launch Bitcoin & Ethereum custody services by the end of this year. Mentioned above are the top crypto market updates orbiting Bitcoin over the past week.

Are Prices Bracing For Macro Events?

Meanwhile, the broader market shows a recovery-like trend ahead of the U.S. FOMC next week. Set to occur on March 19, the monetary policymaking decision remains much eyed by investors globally.

Market-wide expectations of unchanged interest rates by the U.S. Fed prevail at the moment. Also, the latest U.S. CPI data indicated cooling inflation, offering some support to risk assets. In turn, traders and investors speculate whether a price recovery is possible after the turmoil caused by Donald Trump’s tariff saga.

Global markets, including crypto, took severe heat previously, although recent price actions signal that a recovery and bull cycle continuation might be on the horizon.

The post Crypto Market This Week: BTC Rebounds Ahead of FOMC, Macro Heat Over? appeared first on CoinGape.

Cardano (ADA) Price Prediction for March 16

Monicah W

Cardano (ADA) Price Prediction for March 7

The post Cardano (ADA) Price Prediction for March 16 appeared first on Coinpedia Fintech News

As the weekend approaches, the overall cryptocurrency market has begun to recover, showing signs of an upward rally. Amid this recovery, ADA, the native token of the Cardano blockchain, appears bullish and is poised for a significant rally in the coming days.

Cardano (ADA) Technical Analysis and Upcoming Levels

According to expert technical analysis, ADA has formed a bullish inverted head and shoulders pattern and is now on the verge of a breakout. Based on recent price momentum, if the asset breaches the pattern’s neckline and closes a four-hour candle above the $0.76 level, there is a strong possibility it could initially soar by 10% to reach $0.85 in the coming days.

Source: Trading View

However, amid this rally, ADA may face resistance from the 200 Exponential Moving Average (EMA), which currently indicates that the asset is in a downtrend. This bullish thesis will hold only if ADA breaches the $0.76 level, otherwise, the bullish outlook may fail.

However, on a longer time frame, ADA appears to be consolidating within a tight range between $0.73 and $0.757 over the past five trading days and is now attempting to break out. If the asset breaches this consolidation and closes a daily candle above the $0.76 level, it could soar significantly by 50% to reach $1.15 in the coming days.

Source: Trading View

Major Liquidation Levels

At press time, both bulls and bears are making strong bets on the asset, as reported by the on-chain analytics firm Coinglass. Data reveals that traders are currently over-leveraged at $0.723 on the lower side, with $12 million worth of long positions.

Source: Coinglass

Meanwhile, $0.765 is another over-leveraged level, where traders have held $10.50 million worth of ADA tokens.

The post Cardano (ADA) Price Prediction for March 16 appeared first on Coinpedia Fintech News
As the weekend approaches, the overall cryptocurrency market has begun to recover, showing signs of an upward rally. Amid this recovery, ADA, the native token of the Cardano blockchain, appears bullish and is poised for a significant rally in the coming days. Cardano (ADA) Technical Analysis and Upcoming Levels According to expert technical analysis, ADA …