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Fartcoin (FARTCOIN) is down slightly by 0.68% at press time to trade at $1.18 today, July 7. Despite the slight correction, a renowned crypto analyst has predicted that the FARTCOIN price might be on the verge of a major upside move after it created a bullish candle pattern, suggesting that it could reach $2.28. Analyst
The post Crypto Analyst Says an Explosive Move for Fartcoin Price Is Coming appeared first on CoinGape.
Cardano (ADA) has recently experienced a significant decline, bringing the altcoin to near its monthly low. The potential end of its Golden Cross has raised concerns, as it could signal further bearish price action for the cryptocurrency.
Despite these factors, long-term holders (LTHs) may help prevent a severe downturn by maintaining their positions.
The current market sentiment for Cardano points to the potential formation of a Death Cross. This happens when the 50-day exponential moving average (EMA) slips below the 200-day EMA.
If confirmed, it will mark the end of the ongoing Golden Cross, which has only lasted for three weeks. This short-lived Golden Cross is even shorter than the previous Death Cross, which lasted for over a month.
The relatively brief Golden Cross has left traders with a sense of uncertainty. A reversal in trend may trigger more sell-offs, amplifying the downward momentum. Therefore, Cardano’s price is in a critical phase, with any further bearish developments likely causing a deeper correction.
On the macro level, the Mean Coin Age (MCA) shows signs of an uptick, indicating that long-term holders (LTHs) are holding steady instead of selling. This behavior is crucial for stabilizing Cardano’s price, as LTHs typically resist selling in the face of short-term volatility. Their commitment to holding ADA strengthens the support levels, which could cushion the impact of the bearish trends from the broader market.
The resilience of LTHs provides an important counterbalance to the negative signals emerging from technical indicators. As long as LTHs maintain their positions, it’s possible that Cardano can withstand some of the bearish pressure and limit the downside risk.
Cardano’s current price is at $0.67, holding above the crucial support of $0.66. If the price fails to maintain this support, ADA could experience a further drop, possibly testing the $0.60 level. The loss of this key support could pave the way for additional losses, extending the ongoing downtrend.
The potential formation of the Death Cross would likely exacerbate the situation, bringing ADA to a month-and-a-half low. In such a scenario, the pressure on Cardano could intensify, making a recovery more difficult. Should the technical indicators align with broader market conditions, the risk of further declines increases significantly.
On the other hand, if Cardano price can hold above $0.66 and bounce back, a rise above $0.69 is possible. A successful breach of this level would position ADA for a push toward $0.74, potentially invalidating the bearish thesis. LTHs’ support and a reversal in the broader market could fuel this recovery.
The post Cardano Golden Cross Ends In Under A Month; Price Drop Ahead appeared first on BeInCrypto.
The post Ripple Backs Global Expansion as Hidden Road Sets Foot in Abu Dhabi appeared first on Coinpedia Fintech News
In a world where crypto firms often clash with regulators, Ripple is choosing a different path, one that’s quietly reshaping the future of global finance. Ripple’s $1.25 billion deal to acquire Hidden Road isn’t just about expanding services, it’s a strategic bet on Abu Dhabi’s rise as a global crypto and fintech hub. As Ripple plan to open Hidden Road’s new office in Abu Dhabi.
Hidden Road, a digital and traditional asset brokerage firm, is expanding its global footprint by launching an office in Abu Dhabi. This move isn’t just another overseas branch, it’s a strategic leap into the Middle East, a region increasingly open to crypto innovation.
It’s not just about favorable regulations or tax incentives. Abu Dhabi is building a serious financial ecosystem that understands innovation. Ripple’s move to plant Hidden Road’s new office here shows where the real action might be heading next.
With James Stickland, a well-known name in crypto finance, and the UAE CEO at Hidden Road said that the firm is gearing up to serve institutional clients with prime brokerage and clearing services.
Ripple isn’t alone. Circle, the company behind USDC, is also moving in. That’s not a coincidence—it’s a sign of a growing shift. Big crypto firms are finding more than just licenses in Abu Dhabi, they’re finding opportunity.
This development comes shortly after Ripple struck a deal to acquire Hidden Road in what’s shaping up to be one of the biggest mergers in the digital asset space. Ripple’s bigger aim is to turn Hidden Road into the world’s top non-bank prime broker.
Abu Dhabi’s regulators are already on board, having granted Hidden Road initial approval. Once the final green light arrives, the company will be able to fully operate and serve large investors in the UAE.
Interestingly, insiders suggest a member of the Abu Dhabi royal family might join the board of the local entity once approval is secured—signaling strong local confidence in the project.
This move represents a larger evolution in crypto. Ripple isn’t just fighting lawsuits anymore, it’s building infrastructure.
Ripple, led by CEO Brad Garlinghouse, plans to invest more fund into Hidden Road, helping it expand services not only in the UAE but also in the U.S., where it recently received approval to operate as a broker-dealer.
Backed by Ripple and strong regulatory support, Hidden Road is becoming a key player in global crypto services for big investors.
The post Ripple Backs Global Expansion as Hidden Road Sets Foot in Abu Dhabi appeared first on Coinpedia Fintech News
In a world where crypto firms often clash with regulators, Ripple is choosing a different path, one that’s quietly reshaping the future of global finance. Ripple’s $1.25 billion deal to acquire Hidden Road isn’t just about expanding services, it’s a strategic bet on Abu Dhabi’s rise as a global crypto and fintech hub. As Ripple …
Hedera Hashgraph is set to implement a mainnet upgrade later today. However, despite the anticipated network improvement, its native token HBAR is already showing signs of fatigue.
HBAR’s price action has cooled off over the past three days, indicating a period of stagnation. With buying pressure starting to drop, the altcoin eyes a pullback over the next few trading sessions.
Readings from the HBAR/USD one-day chart show that the altcoin posted significant gains between July 9 and July 20. During that period, HBAR’s value rocketed by 59%.
However, over the past three days, this bullish momentum has stalled. While the token has recorded a modest 2% spike in price over the past 24 hours, it is accompanied by a 34% decline in trading volume.
This forms a negative divergence that usually precedes short-term corrections.
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When an asset’s price climbs while trading volume falls, it suggests weakening conviction behind the move, as fewer participants are driving the price higher. This negative divergence signals that HBAR’s rally over the past day merely mirrors the broader market growth and may not be sustainable in the short term.
Moreover, HBAR’s Balance of Power (BoP) indicator has flipped negative, confirming the waning demand and negative shift in trader sentiment. As of this writing, this momentum indicator stands at -0.57.
The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is negative, sellers dominate the market over buyers and put downward pressure on the price.
As the market prepares for the mainnet upgrade, attention will turn to whether the network improvements can boost HBAR’s price action or if the market has already priced in the news. If this is the case and demand remains muted post-upgrade, HBAR’s price could break below $0.26 and fall to $0.22.
However, if the altcoin witnesses a resurgence in buy-side pressure, it could push its price above resistance at $0.29.
The post HBAR Shows Signs of Fatigue Ahead of Hedera Upgrade—What Next? appeared first on BeInCrypto.