Coinbase Lists Reserve Rights (RSR) Token Linked to SEC Chair Paul Atkins

Cardano (ADA) is showing signs of life despite dropping 3% in the past 24 hours as traders weigh the possibility of a broader recovery. Technical indicators like BBTrend and DMI are flashing mixed signals, hinting that momentum may be fading after a brief surge.

ADA’s BBTrend has flipped into negative territory, while its DMI suggests bulls are gaining ground but haven’t fully taken control. With ADA hovering just above key support levels, the next few sessions will be crucial in determining whether this rally has legs or if another correction is around the corner.

ADA BBTrend Is Fading After Reaching Levels Above 5 Yesterday

Cardano’s BBTrend indicator has flipped into negative territory, currently sitting at -0.02 after reaching a positive peak of 5.28 just a day earlier.

This sharp reversal highlights a potential shift in market sentiment, suggesting that bullish momentum may be losing strength.

The abrupt drop adds to growing concerns among ADA holders, especially with the broader altcoin market showing signs of weakness.

The BBTrend (Bull and Bear Trend) indicator measures the strength and direction of a price trend. Values above +1 typically indicate a strong bullish trend, while readings below -1 signal a strong bearish trend.

A value near zero, like the current -0.02, suggests indecision or a possible trend reversal.

For Cardano, this neutral-to-negative reading could mean that upward momentum is fading, increasing the risk of further downside if selling pressure builds in the coming sessions.

Cardano DMI Shows Buyers Are Almost Taking Control

Cardano’s DMI (Directional Movement Index) chart shows that its ADX, which measures trend strength, has dropped to 34.29 from 43.41 yesterday.

While this indicates that the current trend is weakening, the ADX is still well above the key 25 threshold, meaning the market remains in a strong directional move.

The shift suggests that although momentum is cooling, the currently bearish trend hasn’t lost control just yet.

The ADX is part of the DMI system, which includes the +DI (positive directional index) and -DI (negative directional index).

The +DI has climbed from 4.68 to 19.19, showing growing bullish interest, while the -DI has sharply dropped from 44.92 to 22.18. This narrowing gap hints at a potential trend reversal or at least a slowing of bearish momentum.

However, since -DI is still slightly above +DI and ADX remains elevated, ADA is technically still in a downtrend — though bulls may be starting to regain some ground.

Is Cardano Getting Ready For A Recovery?

Cardano price is currently attempting a recovery after dipping below the $0.52 mark, a key support level in recent weeks. If buyers manage to confirm their strength and sustain upward momentum, ADA could first test resistance at $0.629.

A successful breakout above that could open the path toward $0.70, and if bullish pressure continues, a further rally to $0.77 may be on the table — levels not seen since early 2024.

However, if ADA fails to hold its current ground and bearish momentum returns, the token risks sliding back below $0.52.

A move toward $0.51 would be the first critical test, and losing that level could push Cardano below the $0.50 threshold for the first time since November 2024.

The post Cardano (ADA) Price Eyes Recovery As Bulls Try To Gain Control appeared first on BeInCrypto.

Alpaca Finance, a decentralized finance (DeFi) lending protocol on the BNB Chain and Fantom, has announced the gradual closure of its platform and all associated products. 

The decision, revealed on May 26, comes after what the team described as “extensive internal deliberation and evaluation of future development directions.” 

Alpaca Finance Announces Shutdown 

Launched with no pre-sale, venture capital funding, or pre-mine, Alpaca Finance allowed users to open leveraged positions by borrowing from deposit vaults. However, the protocol has faced mounting challenges recently, culminating in this closure announcement.

In an official statement on their Medium blog and their X (formerly Twitter) account, the team cited ongoing financial difficulties as the primary reason for the shutdown. 

“In truth, the team has been operating at a loss for over two years, even after significant downsizing of the team. Continuing under these conditions is simply not sustainable,” the blog read.

DefiLama data showed that Alpaca Finance’s Total Value Locked (TVL) reached a record high of over $900 million in early 2022. However, since then, it has faced a continued decline. As of the latest data, the TVL stood at just $54.6 million.

“With TVL and yields declining, revenue followed suit,” the team added.

The team also cited increased competition and market saturation as key drivers behind its decision. Notably, the announcement comes about a month after Binance announced the delisting of the platform’s native token, ALPACA. 

“The recent delisting of ALPACA from Binance was another major blow. It not only limits token accessibility but also restricts our ability to deploy our remaining warchest effectively toward any new initiatives,” Alpaca Finance shared.

Despite the delisting, the token’s value surged over 1,000% in the days following it, defying typical market behavior. ALPACA’s dramatic rally drew widespread attention and sparked concerns over market manipulation. 

Nonetheless, the gains were fleeting, and the latest news has pushed the price down further. BeInCrypto data showed that ALPACA’s price has depreciated by 32.1% over the past day. At the time of writing, the token’s trading price was $0.11.

Alpaca Finance has detailed a structured shutdown plan across all major product lines to ensure a smooth and secure exit for users. The platform will stop accepting new positions on the original leveraged yield farming platform (AF1.0) in early June. It will also automatically close all remaining positions by June 30, 2025.

The team has put Alperp, the perpetual trading product, into reduce-only mode. It will be shut down completely by the end of June.

Furthermore, they have halted all Automated Vaults immediately, converting any remaining funds into base tokens and returning them to users. Borrowing in the AF2.0 Money Market will be disabled, and open positions will close automatically by July 30, 2025.

The protocol will also end its buyback and burn program and distribute revenue to Governance Vault stakers. Lastly, the platform’s interface will remain available for users to withdraw assets until December 31, 2025.

The post ALPACA Token Falls Over 30% Following Alpaca Finance’s Shutdown Announcement appeared first on BeInCrypto.