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Cardano (ADA) continues to trend in murky waters as the eighth-largest cryptocurrency is in a make-or-break situation. This is based on the fact that ADA is hovering around the major support level of $0.68 and $0.80 as acknowledged by renowned market analyst Ali Martinez. Source: Ali Martinez Therefore, according to the above chart, a breakout to the downside will spell doom for Cardano since it might drop to the $0.33 area. Nevertheless, if ADA breaches $0.80, its journey of reclaiming the psychological price of $1 will be firmly locked. According to CoinGecko data, Cardano’s price was hovering around $0.6636 at the time of writing. Is Cardano’s Price Revival on the Horizon? Since ETFs usually trigger a bullish picture due to intensified institutional investments, Cardano is considering this route. This is based on Grayscale’s Cardano ETF application with the United States Securities and Exchange Commission (SEC). Grayscale is a leading American asset management firm with assets under management (AUM) worth $50 billion. Therefore, a price revival will be imminent if a Cardano ETF gets the green light. Furthermore, ADA’s bullish sentiment is supported by various on-chain metrics. For instance, a market analyst who goes by the pseudonym Bleeves Crypto recently pointed out that if Cardano continued following the Golden Ration playbook, a surge to $8 would materialize. The analyst stated, “If Cardano ADA plays out to the Golden Ratio from the bottom and top of the last Bull cycle then it is due for a move to $8.06.” Source: Bleeves Crypto Martinez also acknowledged that Cardano would reclaim the $1 price level if it continued mirroring BNB’s trend.

$BTC has broken through the $90K mark, and the next stop could be $100K. With strong bullish momentum, analysts are eyeing $91K-$95K as the next resistance level.¹ However, it's essential to note that the road ahead is uncertain, and Bitcoin faces key technical levels that could define its next move. *Key Levels to Watch:* - _Support Levels:_ $89K-$88K, with the 200-day simple moving average (SMA) at $82,314 and the realized price for short-term holders in the 3-to-6-month range at $79,290.² - _Resistance Levels:_ $97,478 and $99,395, which are the realized prices for short-term holders in the 1-week-to-1-month and 1-month-to-3-month ranges, respectively. The market sentiment has flipped from extremely bearish to bullish, reinforcing the argument that Bitcoin remains in a strong uptrend. However, technical indicators are still bearish, and the weekly and daily time frames lean bearish.³ Ultimately, the next move will depend on whether Bitcoin can sustain its momentum and break through the key resistance levels. If successful, we could see a renewed bullish phase, but if it fails to hold above $90K, it could spell trouble for bulls.

$BTC has broken through the $90K mark and the next stop could be $100K. With strong bullish momentum analysts are eyeing $91K-$95K as the next resistance level. However it's essential to note that the road ahead is uncertain and Bitcoin faces key technical levels that could define its next move. Levels to Watch Support Levels $89K $88K with the 200-day simple moving average (SMA) at $82314 and the realized price for short-term holders in the 3-to-6-month range at $79,290.Resistance Levels $97478 and $99,395 which are the realized prices for short-term holders in the 1-week-to-1-month and 1-month-to-3-month ranges respectively.The market sentiment has flipped from extremely bearish to bullish reinforcing the argument that Bitcoin remains in a strong uptrend. However technical indicators are still bearish and the weekly and daily time frames lean bearish.Ultimately the next move will depend on whether Bitcoin can sustain its momentum and break through the key resistance levels. If successful, we could see a renewed bullish phase but if it fails to hold above $90K could spell trouble for bulls.

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