Despite lingering market uncertainty fueled by Donald Trump’s escalating trade war, the cryptocurrency market showed signs of recovery this week.
On-chain data reveals that crypto whales took advantage of the volatility to accumulate select altcoins, signaling growing confidence in specific digital assets.
Dogecoin (DOGE)
Leading meme coin Dogecoin (DOGE) has received significant attention from crypto whales this week. This is reflected by the spike in the number of coins purchased over the past seven days by DOGE whale addresses that hold between 100 million and 1 billion coins.
According to data from Santiment, these DOGE holders have accumulated 1.41 billion coins worth over $220 million during the review period. As of press time, their total holdings have surged to 25.68 billion DOGE, marking the highest level since December last year.
When an asset’s large holders increase their accumulation like this, it suggests increased confidence or anticipation of future price gains. If this continues, DOGE could break above the resistance at $0.17 in the near term and climb toward $0.23.
Worldcoin (WLD)
WLD is another altcoin that has caught whales’ attention this week. The Sam Altman-linked token currently trades at $0.74, shedding 1% of its value over the past week.
During that period, whales holding between 100,000 and 1,000,000 WLD have accumulated 2.63 million tokens valued above $1.94 million.
If whale accumulation persists, it could make WLD buck the broader market downtrend to record gains.
Ondo (ONDO)
Thereal-world asset-based (RWA) token ONDO is also on this week’s crypto whales’ list. According to Santiment, in the past seven days, whales holding between 1 million and 10 million ONDO have purchased 19.41 million, valued at approximately $17 million.
This cohort of ONDO investors currently holds 702.37 million coins.
Should this prompt a market-wide ONDO accumulation phase, it could signal the resurgence of interest in RWA-based assets and drive further price momentum in the coming weeks.
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.
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.
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 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.
Speculation about Nvidia adding Bitcoin to its treasury reserves has surfaced recently. These unconfirmed reports lead to questions about the potential for increased institutional adoption of Bitcoin and the possible performance of such a move for Nvidia, whose stock value has fallen considerably this year.
BeInCrypto interviewed representatives from Banxe, FINEQIA, CoinShares, Bitunix, and Acre BTC to discuss Bitcoin’s potential benefits for Nvidia and explore whether such an investment would ultimately benefit the company in the long run.
Rumors of Nvidia’s Potential Bitcoin Investment
Over the past few weeks, several reports have surfaced across social media suggesting that Nvidia, a pioneer in GPU-accelerated computing, is considering adding Bitcoin to its balance sheet.
These reports remain purely speculative at the time of press, given that Nvidia has not made any official statements on the topic. When BeInCrypto reached out for clarification, an Nvidia spokesperson declined to comment.
Even as rumors, these reports highlight the significant impact of such a decision on Bitcoin’s public perception. Given Nvidia’s current economic circumstances, marked by a substantial drop in stock value, an announcement of this nature would not be completely unexpected.
As such, Nvidia’s stock price has taken a hit. According to recent reports, Nvidia stock has fallen 35% since its latest price peak in January.
Nvidia’s stock reacted especially poorly to the news that China’s Huawei Technologies is testing a new AI chip potentially more powerful than Nvidia’s H100.
Given these circumstances, Nvidia can mitigate current economic challenges by diversifying its treasury assets.
Should Nvidia Consider Adding Bitcoin to Its Balance Sheet?
Such a move would significantly alter how other institutional investors view Bitcoin, potentially encouraging more companies to adopt a similar strategy. The crypto community would likely celebrate the news, believing it would solidify Bitcoin’s legitimacy as an asset class.
However, the extent to which Nvidia requires Bitcoin for stability remains controversial.
Risks of Adding Bitcoin to Nvidia’s Treasury
As it is, Nvidia already has other strategies that help the company hedge against volatility and inflation. Adding Bitcoin into the mix may seem excessive.
This becomes especially true when considering just how volatile Bitcoin itself can be. Though the asset can generate significant gains during bullish periods, the losses it can cause are equally severe.
As such, Bitcoin might not be the natural choice to defend Nvidia from its current stock declines. An investment of this kind would need to reflect a long-term strategy rather than an impulse decision.
Would BTC Even Make a Difference on Nvidia’s Share Price?
Bitcoin has demonstrated high returns over the long term, though with considerable volatility. For companies able to withstand the associated risks, including large price fluctuations, it offers the potential for significant future profits.
With its substantial financial resources, Nvidia could absorb Bitcoin’s volatility without a major impact on its balance sheet. In this sense, the company has little to lose, but also little to gain.
Ultimately, Nvidia’s decision to invest in Bitcoin hinges on timing and urgency, particularly given recent developments that have alleviated some pressures on the company.
Easing Export Restrictions: A Boost for Nvidia
Last week, the Trump administration announced its plans to roll back certain Biden-era export restrictions on advanced semiconductor chips.
Biden’s ‘AI Diffusion Rule’ established these restrictions to enhance US technological leadership by preventing advanced chips from being diverted to countries of concern, especially China. Given that China was Nvidia’s main buyer, the rule significantly hampered its sales.
A rollback would be highly advantageous for Nvidia’s sales, especially amid this new wave of chipmakers.
Similarly, the recent US-China tariff pause led to Nvidia’s stock price rise. Despite its temporary nature, the news is a positive sign for the company, promising reduced uncertainty and potential gains in sales and supply chain stability.
Considering these developments, adding Bitcoin to Nvidia’s balance sheet may no longer be urgent. If Nvidia were to make such a decision out of haste, it might also drive away traditional investors and long-time buyers.
Many areas of traditional finance remain highly skeptical of Bitcoin due to its short history and highly volatile nature. If Nvidia adds Bitcoin as a treasury asset, traditional investors might view it as a poor decision, potentially alienating long-time clients.
Metaverse-based token Decentraland (MANA) is today’s top-performing asset. The altcoin’s value has soared over 10% in the past 24 hours, pushing it to a two-month high of $0.31 at press time.
With technical indicators pointing at renewed investor interest and a strong bullish trend, MANA price may be poised to extend its rally in the short term.
MANA Price Rally Supported By Demand
An assessment of the MANA/USD one-day chart reveals a steady uptick in the token’s on-balance volume (OBV), reflecting the rise in its demand. This momentum indicator is at 9.47 billion at press time, its highest level since December 2024.
The OBV indicator measures an asset’s buying and selling pressure. It adds volume on up days and subtracts it on down days. This dynamic helps traders determine whether volume supports the price trend at any given moment.
As observed with MANA, an asset’s OBV rising alongside its price signals strong buying interest. This effectively confirms the sustainability of a bullish move. The trend signals that traders’ demand backs the token’s double-digit price rally over the past day.
Moreover, MANA trades above its 20-day exponential moving average (EMA), supporting this bullish outlook. At press time, this key moving average forms a dynamic support level below MANA’s price at $0.26.
Decentraland (MANA) 20-day EMA
The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices. When it falls below the price, it suggests that the market is in a short-term uptrend, with recent prices higher than the average of the past 20 days.
This indicates strong bullish momentum, as MANA’s price currently outperforms the recent average.
MANA Bulls Maintain Control
On the daily chart, MANA was trading above an ascending trend line, accentuating its price surge. This bullish pattern acts as support and emerges when an asset’s price forms higher lows.
It indicates a consistent upward movement over time amid growing buyer momentum.
This technical formation suggests MANA buyers are in control, signifying bullish market sentiment. If this outlook sustains, MANA price growth will likely continue, with the trendline providing downward support.
Such an action could see the token’s price break above $0.34, potentially climbing toward $0.44. Such a move would constitute a 41% move above current levels.
