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Cardano Price Forecast: ADA Eyes Parabolic SAR Resistance as Analyst Sets Key Areas to Watch

Maxwell Mutuma
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Cardano Price Forecast: ADA Eyes Parabolic SAR Resistance as Analyst Sets Key Areas to Watch

Cardano attempts a recovery as price approaches resistance, while an analyst identifies key support and resistance zones that could define the next move.

Notably, Cardano (ADA) has found support and worked its way back to around $0.2705, posting a 24-hour gain of 1.08%. The intraday chart shows ADA falling toward the $0.263 region before demand returned and lifted the price back above $0.273.

Gains on the four-hour and seven-day views add to that recovery signal, even as the wider monthly trend remains weak. That mix leaves Cardano in a short-term rebound phase rather than a full reversal. 

Meanwhile, buyers are regaining some control near the daily highs. Also, ADA now sits at a point where fresh momentum could either strengthen the recovery or fade into another test of support. What’s next for ADA?

Cardano Price Analysis

Cardano’s four-hour chart shows the price trying to gain ground after the pullback from the recent high near $0.295. The latest candles point to a modest recovery from the $0.263 area, which suggests buyers are attempting to rebuild short-term support. 

Cardano 4H Chart
Cardano 4H Chart

Even so, ADA remains below the recent swing high, so the rebound still looks corrective rather than a confirmed breakout.

The Parabolic SAR now sits above the price near $0.2782, which keeps the short-term signal tilted to the downside. As long as ADA stays below that level, sellers still have the upper hand in the current structure. A move above the SAR zone would be necessary to weaken that bearish pressure and improve the case for a stronger upside recovery.

The MACD remains in negative territory, with the MACD line near -0.00202 and the signal line near -0.00122. The histogram is also still below zero, which shows bearish momentum remains in place.

However, the bars are starting to shrink. This may indicate that selling pressure is easing and that downside momentum is losing strength.

Cardano Prints Buy Signal

Interestingly, analyst Ali Martinez said Cardano has printed a buy signal on the weekly chart. The TD Sequential indicator is flashing a “9,” which suggests the recent downtrend may be losing strength.

He noted that this setup often points to a potential rebound lasting one to four weeks. 

Cardano Prediction
Cardano Prediction

According to the analyst, ADA needs to hold the $0.23 support level on a weekly close to confirm the signal. If this level holds, he identifies $0.32 and $0.37 as the next upside targets, but a breakdown below $0.23 would invalidate the bullish setup. 

Evernorth’s $1B XRP Treasury Initiative: Insights on Capital, Investors, and Governance

Lele Jima
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Evernorth’s $1B XRP Treasury Initiative: Insights on Capital, Investors, and Governance

Evernorth Holdings has filed a Form S-4 registration statement with the U.S. SEC as it advances its planned XRP treasury initiative.

The filing, submitted this week, outlines the company’s strategy to operate as a regulated, publicly traded entity focused on providing institutional exposure to XRP.

Specifically, Evernorth plans to build a large-scale XRP treasury while actively managing these holdings within a structured financial framework. 

Key Points  

  • Evernorth Holdings has filed a Form S-4 with the SEC to advance its XRP treasury initiative. 
  • XRPL dUNL validator Vet views Evernorth as an XRP powerhouse that transforms the asset into yield-generating working capital. 
  • Vet highlighted a major imbalance in entry pricing among investors, with Arrington Capital paying $0.33 per share and SBI paying $10. 
  • This pricing gap likely explains why Evernorth caps voting power for early, low-cost investors but not for higher-cost participants like SBI. 

Vet Highlights Crucial Details From Evernorth’s Filing 

Notably, XRPL dUNL validator Vet offered an inside-out perspective on Evernorth’s filing. He framed the initiative, emerging from a merger with Armada Acquisition Corp. II, as a carefully engineered institutional gateway into the XRP ecosystem. 

Unequal Share Pricing 

To begin with, Vet highlighted a critical imbalance in the terms for investor entry. Evernorth raised over $1 billion from major players, including Ripple, SBI Holdings, Arrington Capital, Pantera Capital, and Kraken, to establish what it aims to be the largest XRP treasury. 

However, Vet pointed out that not all participants entered on an equal footing. While Arrington Capital, the sponsor of the initiative, acquired shares at just $0.33 per share, SBI Holdings invested at $10 per share. 

Consequently, he suggests that this disparity likely explains why Evernorth caps the voting power of early, low-cost investors like Arrington. Meanwhile, it allows unrestricted influence for higher-cost participants such as SBI. In effect, the governance model appears designed to reward deeper, long-term institutional commitment.

Pathfinder’s Role 

Beyond ownership dynamics, Vet drew attention to Pathfinder Digital Assets LLC, the subsidiary that holds Evernorth’s 473 million XRP. He noted that the firm will leverage the XRPL’s native pathfinding mechanism to optimize liquidity and capital deployment.

Ripple and Chris Larsen Contributions 

Furthermore, Vet emphasized the significant contributions from Ripple and its chairman, Chris Larsen. Ripple committed 126 million XRP to the structure.

At the same time, Larsen deployed substantial capital through multiple channels, including a 211 million XRP investment via RippleWorks into Arrington-managed funds, alongside an additional 50 million XRP through his Larsen Lam Children’s Remainder Trust. 

Evernorth’s Significance 

Ultimately, Vet argued that Evernorth represents far more than a passive treasury vehicle. Instead, he described it as a massive XRP powerhouse that would transform the asset into productive working capital across an expanding financial ecosystem. 

In his view, the broader objective is to demonstrate how institutions can effectively structure and deploy digital asset treasuries using XRP. Rather than passively holding XRP, Evernorth plans to actively grow the value backing each share by participating in decentralized finance (DeFi) activities to generate yield. 

Looking ahead, the company plans to roll out a full XRP DeFi strategy by year-end, further reinforcing its active management approach. Meanwhile, the SEC has not yet declared Evernorth’s registration statement effective. Once approved, the company is expected to go public and trade under the XRPN ticker.

Morgan Stanley Updates SEC Filing for Spot Bitcoin ETF with New Fund Details

Zabi
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Morgan Stanley Updates SEC Filing for Spot Bitcoin ETF with New Fund Details

Morgan Stanley is moving closer to launching a spot Bitcoin exchange-traded fund (ETF), deepening its expansion into digital assets.

Specifically, the bank plans to list the product under the ticker MSBT, according to an amended filing with the U.S. Securities and Exchange Commission. Notably, the update revises its initial January application and provides new details on the fund’s structure and operations.

Key Points

  • Morgan Stanley’s spot Bitcoin ETF will trade under the ticker MSBT, pending SEC approval.
  • The fund will follow a creation-and-redemption structure, with each unit containing at least 10,000 shares.
  • $1 million in seed capital has been allocated to support launch and liquidity.
  • Fidelity Investments joins Coinbase Custody and BNY Mellon as custodians, strengthening asset protection.

Fund Structure and Seed Capital

According to the filing, the ETF will use the standard creation-and-redemption framework common to large exchange-traded products. Each creation unit will consist of at least 10,000 shares, a structure designed to support liquidity and maintain orderly market functioning.

To prepare for launch, Morgan Stanley intends to allocate $1 million in seed capital, a step that helps ensure trading readiness and operational stability. Additionally, the bank disclosed that it purchased two shares earlier this month for audit-related procedures.

Custody Expansion and Operational Setup

Beyond structural details, the amended filing outlines changes to asset custody arrangements. Fidelity Investments has been added as a custodian responsible for safeguarding fund assets.

This addition builds on existing partnerships. The bank had previously appointed Coinbase Custody Trust Company and Bank of New York Mellon. With three custodians now in place, the setup strengthens asset protection and distributes operational risk.

Position in a Growing Bitcoin ETF Market

If approved, the ETF would give investors exposure to Bitcoin without requiring direct cryptocurrency ownership. This structure typically appeals to traditional and institutional market participants.

However, Morgan Stanley would enter an already active segment. Eleven spot Bitcoin ETFs have been trading since January 2024. Among them, the most prominent is iShares Bitcoin Trust (IBIT), managed by BlackRock.

Collectively, these funds have attracted more than $56 billion in investor inflows, underscoring sustained demand for regulated crypto investment vehicles.

Broader Digital Asset Strategy

More broadly, the ETF initiative forms part of a wider digital asset push across the bank. In recent months, Morgan Stanley has emphasized strengthening its in-house cryptocurrency capabilities.

For context, in February, Amy Oldenburg, head of digital assets strategy, outlined the initiative at a Bitcoin conference in Las Vegas. She said the firm aims to develop proprietary custody and trading infrastructure internally and confirmed that Bitcoin-backed yield products and lending services remain under active review.

Importantly, Oldenburg emphasized the strategic importance of owning core technology rather than relying primarily on third-party providers.

Additional Filings and Platform Integration

Alongside its Bitcoin ETF proposal, Morgan Stanley is pursuing other crypto investment products. Earlier this year, the bank filed applications for a Solana-focused trust and an Ethereum ETF, though neither filing has been amended since submission.

Meanwhile, the firm has also expanded retail access to digital assets. Last September, it confirmed that clients could trade cryptocurrencies through the E*Trade platform, including Bitcoin, Solana, and Ethereum.

Morgan Stanley oversees nearly $9 trillion in client assets, according to company disclosures. Against that backdrop, the revised ETF filing marks another step in the bank’s broader digital asset expansion.

XRP Rejection at Key Fibonacci Level Points to Deeper Retracement—How Low Could It Go?

Elendu Benedict
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XRP Rejection at Key Fibonacci Level Points to Deeper Retracement—How Low Could It Go?

XRP has faced rejection at a key Fibonacci level on the weekly timeframe, with analysis suggesting further price downturns could follow.

Notably, this rejection is evident in the long XRP wick, signaling that the price trended higher at some point this week before bears regained control. Meanwhile, analysis highlights that there is more to the level from which the asset dropped.

Key Points

  • XRP faced severe selling pressure and a consequent pullback at $1.60 earlier in the week, closely aligning with the 0.618 Fibonacci retracement level.
  • The downtrend may persist, with the Fibonacci tool identifying $1.01 and $0.67 as the two possible price levels to which XRP could drop.
  • These levels hold historical importance for the XRP price, as they were a notable resistance area that the coin failed to break above from 2022 until November 2024.
  • From this area, XRP could possibly recover to the 0.50 Fibonacci level at $1.97, representing a 36% rise from here.
  • The recent regulatory clarity around its classification has fueled the conviction that XRP would rebound higher after the support retest

XRP Drops from 0.618 Fibonacci Level

Analyst “Novi Fionacci” highlighted in his recent TradingView outlook that the point where XRP faced severe selling pressure and a consequent pullback closely aligned with the 0.618 Fibonacci retracement level.

For context, the prominent altcoin reached an intra-week high of $1.60, spurred by a broader market rebound. However, this upward momentum has faded, with XRP dropping 10% to its current price of $1.44.

The analyst highlighted that close to this weekly high is the 0.618 Fib. level at $1.57. He disclosed that he employed the Fibonacci tool from XRP’s lows at 0.28 to its ATH at $3.66 to arrive at these levels.

Further XRP Corrections to Ensue?

The rejection has been brutal, and the market watcher notes there could be further price weakness. With the Fibonacci tool, he identified two possible price levels to which XRP could drop if his expectations play out.

Specifically, the analyst highlighted the 78.6% and 88.6% Fibonacci levels as strong demand zones where prices could find support. An accompanying chart shows this aligns with the $1.01 and $0.67 price marks, respectively.

XRP Retracement Targets/Novi Fibonacci
XRP Retracement Targets/Novi Fibonacci

From the current market price of $0.44, XRP would have to fall 30% and 53% to reach these price levels.

Levels Hold Historical Value

Further, the analyst noted that the 0.786 and 0.886 Fib. levels hold historical importance to the XRP price. Specifically, this range was a notable resistance area, with the coin failing to break above from 2022 up until November 2024. Uptrends into this zone faced a sharp rejection, reinforcing the zone’s heavy selling pressure.

However, November 2024 marked a turning point, with XRP breaking out during the Donald Trump-inspired rally, turning the resistance into support. Since then, XRP has not retested these areas.

Now, the analysis suggests that a drop into this zone could follow XRP’s recent rejection at higher levels. He noted that this could be the area where buyers step in again and build momentum for a higher rebound.

From this area, the chart shows a possible recovery to the 0.50 Fibonacci level at $1.97, representing a 36% rise from here and 95% from the 78.6% Fibonacci support.

Regulatory Boost for XRP

Fueling the conviction that XRP would rebound higher after the support retest is the recent regulatory clarity around its classification. A joint statement from the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) classified 16 cryptocurrencies, including XRP, as digital commodities on March 17.

The placement moves away from the Howey Test era, positioning XRP as a core asset in the industry. Notably, it shares this podium with Bitcoin, Ethereum, Cardano, and a handful of others.

XRP Currently Facing Descending Channel Resistance on Its Path to $2.5 and $4

Mark Brennan
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XRP Currently Facing Descending Channel Resistance on Its Path to $2.5 and $4

XRP must first breach its long-standing descending channel resistance before it can break the current downtrend and recover toward new all-time highs.

The broader crypto market has faced a roadblock to the latest recovery campaign, as Bitcoin (BTC) collapses below the $70,000 mark. Amid the recent downturn, XRP has witnessed its fair share of the turbulence, down 5.8% over the past three days.

While the market experiences a new wave of selling pressure, chart data shows XRP has a chance of spiking 77% to 180%, possibly putting its price at a range of $2.5 and $4, if only it can breach the upper resistance trendline of a long-standing descending channel that has guided its price action for months.

Key Points

  • XRP has also faced a roadblock amid a broader crypto market lull, down 5.8% over the last three days, as the latest upward push stalls.
  • Despite the recent pullback, chart data shows XRP has the potential to rise 77% to 180%, leading to a price range of $2.5 to $4.
  • The major barrier standing between XRP and this rebound target is the upper resistance trendline of a long-standing descending channel.
  • This descending channel formed when XRP dropped from the $3.6 peak in July and has guided its price action for eight months.
  • XRP attempted to breach this upper trendline on Oct. 2, 2025, and Jan. 6, 2026, but faced stern resistance on each attempt.

XRP’s Latest Rebound Stalls

Market analyst Ray was first to identify this structure, as XRP faces struggles amid its breakout attempts. Notably, XRP was one of the biggest beneficiaries of the latest market-wide recovery effort, jumping nearly 26% from the low of $1.27 on Feb. 28 to a peak above $1.60 earlier this week.

However, this $1.60 high presented a massive roadblock to the upsurge, as the broader market rally lost momentum, with Bitcoin eventually losing $70,000 and $69,000. XRP has since collapsed 5.8% over the past three days, currently trading for $1.45.

XRP Needs to Breach Descending Channel Resistance

Despite the short-term weakness in the market, Ray insists that XRP still has room for growth. Data from his chart shows the token has been trading within a descending channel for eight months. Notably, this channel started forming after XRP dropped from the $3.6 peak in July 2025.

XRP Descending Channel Ray
XRP Descending Channel | Ray

Since then, the price has continued to struggle, recording lower highs and lower lows, and building the path for the channel. XRP attempted to breach the upper resistance trendline of this channel on two occasions: first at the $3.1 high of Oct. 2, 2025, and then at the $2.41 high of Jan. 6, 2026. Each attempt failed due to resistance at the trendline.

Meanwhile, bears also tried to push prices below the lower support trendline during the declines to $2.72 in August 2025, $1.37 in October 2025, $1.81 in November 2025, and $1.1 in February 2026. Interestingly, bulls defended the support at each attempt, fueling a rebound. Now, Ray’s chart shows XRP must breach the upper resistance trendline to flip the ongoing bearish trend.

XRP Could Rise 77% to 180%

The chart calls attention to two possible targets above the descending channel, which XRP could reach once it breaches the resistance trendline. For context, the upper resistance trendline now aligns with the $1.65 price level, demanding a 13.8% increase from the current price of $1.45.

In an earlier analysis, Ray suggested that a breakout above the resistance trendline would push XRP to a high of $2.52. This aligns with a 77% increase from the $1.42 price at the time of the analysis. Applying this to the 180% rise indicates that XRP could also target $3.9 from the $1.42 price, closer to the $4 mark.

Ethereum Forecast for Mar 20: Analyst Says ETH Now Hinges on Defense of $2,150 Support

Maxwell Mutuma
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Ethereum Forecast for Mar 20: Analyst Says ETH Now Hinges on Defense of $2,150 Support

Ethereum trades near key support as an analyst watches for a bounce, but a failure to hold could expose the market to further downside pressure.

The Ethereum (ETH) price is hovering near $2,137, down 0.5% on the day. This comes amid a session marked by sharp swings between $2,104 and $2,187. The chart points to a strong start, with ETH climbing toward the top of the daily range before momentum faded and sellers pushed the price lower into the second half of the session. 

A later rebound showed that buyers were still willing to defend lower levels, but the recovery lacked enough strength to retake the earlier high. That leaves Ethereum in a mixed short-term setup, where support remains active, but upside follow-through is still missing. 

Notably, Ethereum is now at a key area where the next move could decide whether bulls regain control or bears press the market lower again.

Will Ethereum Bulls Defend Key Levels?

The daily chart shows ETH trading near $2,139, positioned between key dynamic levels from the Chande Kroll Stop indicator. The blue line (stop long) at $2,023.70 acts as trailing support, while the orange line (stop short) at $2,268.90 serves as overhead resistance. 

Ethereum 1D Analysis
Ethereum 1D Analysis

Price holding above the blue level suggests the broader recovery structure remains intact, but failure to reclaim the orange line shows that upside momentum still faces pressure.

The current setup reflects a market in transition rather than a confirmed trend. Buyers have maintained control above the stop long level, which keeps the recent rebound valid. However, repeated rejection below the stop short line indicates that sellers are still active near the upper range, preventing a breakout toward higher levels.

Momentum indicators also show a shift. The Awesome Oscillator remains above zero at 199.16, signaling that bullish momentum is still present overall. However, the latest histogram bar has turned red, pointing to a slowdown in upward strength after the recent rally toward the $2,300 region.

Final Bounceback Before Major Dump

On the social media commentary end, analyst Ted Pillows said Ethereum faced a strong rejection from the $2,400 resistance zone. It is now retesting the $2,150 level, which may act as immediate support. 

Ethereum Prediction
Ethereum Prediction

According to the analyst, holding above $2,150 could trigger a short-term bounce before the next dump. Key levels to watch below can be seen near $1,700 and $1,693. 

On the flip side, upside liquidity exists near $2,400 first, followed by the key $2,600 zone, which previously triggered a sharp rejection.

Cardano Prints Buy Signal on Weekly Chart After a 6-Month Grind

Elendu Benedict
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Cardano Prints Buy Signal on Weekly Chart After a 6-Month Grind

Cardano (ADA) could finally be entering a period of upward expansion after an extended period of severe price correction.

Notably, ADA, the 11th-largest cryptocurrency by market cap, has been in a downtrend for months. As it stands, March could be its seventh consecutive month of red candlesticks unless things change fast.

Key Points

  • Cardano could finally be entering a period of upward expansion after an extended period of severe price correction.
  • The bearish close in February marked the sixth straight month in which ADA did nothing but test lower prices.
  • The TD Sequential indicator flashed a “black 9,” a bullish reversal signal, hinting that the persistent downward momentum could finally be nearing its end.
  • ADA needs to close above the $0.23 support level on the weekly timeframe to validate the bullish move.
  • If this support holds, Cardano could target a rebound towards $0.32 and subsequently $0.37.

Steady Decline for Six Months

Cardano printed its first red candlestick in September, following notable bullish price actions in July and August. The coin initially trended higher that month, but momentum faded, resulting in a meager 0.50% decline.

What has followed since then is a strong downtrend, with ADA dropping 71% from its September highs near $0.95 to its current market price. Notably, it once fell lower to retest its previous cycle’s lows near $0.22 before bulls stepped in to defend the key support area.

The bearish close in February marked the sixth straight month in which ADA did nothing but test lower prices. While it has followed a similar trajectory this month, recent analysis has identified what could be a turning point for the asset’s price.

Cardano Prints Buy Signal

Specifically, prominent market analyst Ali Martinez disclosed in a Friday tweet that ADA has printed a buy signal on the weekly timeframe. The TD Sequential indicator flashed a “black 9,” a bullish reversal signal, hinting that the persistent downward momentum could finally be nearing its end.

TD Sequential Prints Buy Signal on Cardano Weekly/Ali Martinez
TD Sequential Prints Buy Signal on Cardano Weekly/Ali Martinez

He noted that this setup typically precedes a period of price expansion. According to him, Cardano might recover to higher prices in the next one to four weeks, a factor that depends on the broader market conditions.

Notably, its appearance on the weekly timeframe further adds to its credibility. This suggests that while price looks weak on shorter timeframes, prices would eventually align with the direction of higher timeframes.

Cardano Price Blueprint

Nonetheless, a few conditions must align to confirm this potential price expansion. Martinez noted that ADA needs to close above the $0.23 support level on the weekly timeframe to validate the bullish move. This suggests that a close below this key level invalidates the TD Sequential buy signal.

Meanwhile, if this support holds, Cardano could target a rebound towards $0.32 and subsequently $0.37. From here, this reflects an 18.5% and 37% price increase. ADA currently sits at $0.27, well above the support level, keeping the move on course.

Bitcoin Analysis for Mar 20: Price Outlook Hinges on Break Above $71,000 Resistance

Maxwell Mutuma
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Bitcoin Analysis for Mar 20: Price Outlook Hinges on Break Above $71,000 Resistance

Bitcoin trades within a tight range as buyers defend support, while resistance above keeps the market cautious and awaiting a clear breakout direction.

Bitcoin (BTC) is trading near $70,606 at press time, down 0.1% over 24 hours, after a volatile intraday session between $68,933 and $70,931. The chart shows an early drop below $68,900, followed by a steady recovery as buyers stepped in and pushed BTC back above the $70,900 zone.

This rebound suggests demand remains active on dips, while the move toward the upper end of the daily range shows bulls still defend short-term momentum. However, Bitcoin has not yet broken through the $71,000 resistance level. This zone keeps the market within a cautious range as traders monitor the next directional move.

With the Bitcoin price holding above key intraday support and pressing higher again, another breakout attempt could quickly shift market sentiment. 

Can Bitcoin Break Out Again

Bitcoin’s daily chart shows the latest candle holding above the middle of a descending pitchfork. That placement suggests that Bitcoin continues to trade within a broader downward-sloping structure, but the price remains firm near the upper half of the range.

Bitcoin Analysis
Bitcoin Analysis

The recent rebound from the lower channel support also indicates that buyers have remained active on dips, which has helped BTC recover from the late-February weakness.

The main technical level now sits near the upper pitchfork resistance, around the $71,000 to $72,000 zone. A clear move above that area would strengthen the bullish case and could open the way toward the recent swing high near $75,000.

On the downside, the mid-channel area near $66,000 to $67,000 acts as first support, while a deeper pullback could expose the lower boundary near $57,500 to $60,000.

Meanwhile, the ADX is 22.67, indicating a weak trend. That reading suggests momentum exists, but it is insufficient to confirm a powerful breakout or breakdown. The ADX line is also sloping downward, indicating that the prior trend has been losing strength. 

Here’s Key Support Region

Elsewhere, More Crypto Online said Bitcoin is moving toward an important support area between $67,761 and $66,765. Here, buying interest needs to appear to maintain the current structure.

Bitcoin Prediction
Bitcoin Prediction

The analyst said the chart still shows no strong bounce or reversal signal, so there is no confirmation yet that price has reached a near-term bottom. According to the post, unless Bitcoin delivers a clear upward response, downside risk remains in place. Also, price is still vulnerable to falling deeper into that support range or breaking below it.

84,014,000,000 Shiba Inu Outflow Signals Demand Despite Price Decline

Elendu Benedict
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84,014,000,000 Shiba Inu Outflow Signals Demand Despite Price Decline

The price of Shiba Inu is exhibiting intense volatility, yet market participants seem to be accumulating the meme coin, as evidenced in exchange netflows.

Notably, this metric tracks the difference between coins entering exchanges and those leaving. With net inflow turning negative, it suggests that there are more Shiba Inu (SHIB) tokens withdrawn from trading platforms than deposited.

Key Points

  • Over the past 24 hours, the total exchange netflow was -84.014 billion, up 0.56% in the same timeframe.
  • This negative netflow indicates outflows overshadowed inflows, suggesting accumulation among holders rather than distribution.
  • The accumulation coincided with a period of directional uncertainty for SHIB, during which it fell for three straight days before bouncing 5% today.
  • The price fluctuation has spiked liquidation, with around $186,080 worth of Shiba Inu positions wiped out in the past 24 hours.

Billions of Shiba Inu Leaves Exchanges

CryptoQuant data confirms this strong accumulation course. Specifically, over the past 24 hours, the total exchange netflow was -84.014 billion, up 0.56% in the same timeframe.

Shiba Inu Exchange Netflow/CryptoQuant
Shiba Inu Exchange Netflow/CryptoQuant

Notably, this negative flow indicates outflows overshadowed inflows, suggesting accumulation among holders rather than distribution. Higher outflows reflect a shift of SHIB tokens from platforms where they can be immediately sold to self-custody wallets or third-party systems for potential long-term holding. This significantly reduces selling pressure for Shiba Inu.

Coinglass data confirmed this holder bias. Its Shiba Inu spot flow data shows that inflows to exchanges in the past 24 hours stood at $5.95 million, with outflows at $6.13 million. This culminates in a difference of $181,350, representing roughly 30 billion SHIB tokens at the current market price of $0.000006061.

Although it is significantly lower than CryptoQuant’s, it confirms that there is still demand for Shiba Inu despite the recent price volatility.

Shiba Inu Dumps Then Bounces

The accumulation coincided with a period of price uncertainty for the second-largest meme coin by market cap. SHIB fell for three straight days, starting Tuesday, losing 6% of its value after a rejection at $0.00000644 the day before.

However, the price is up over 5% since the start of today, after an uptrend in the Asian trading session. The bounce followed a dragonfly doji candlestick formation on the daily chart yesterday, indicating that bears lost control of the market towards the end.

To some, this might come across as increased volatility, but to others, it is a show of strength. Shiba Inu showed resilience, not allowing geopolitical tensions to continue suppressing its upward momentum. At the time of writing, the token is close to gaining back all it lost in the three days it corrected and could complete this turnaround if the current momentum persists.

Meanwhile, this price fluctuation has spiked liquidation in the past 24 hours. Around $186,080 worth of Shiba Inu positions were wiped out during this timeframe, with a chunk of them being bullish positions.

For context, $139,200 of this figure were longs, with just $46,880 shorts. However, lower timeframes show that bears are beginning to feel the heat amid the ongoing market rebound. In the 12-hour timeframe, for instance, the total short liquidation exceeded longs, with $38,710 for shorts and $12,700 for long positions. The same trend prevails across other shorter timeframes.

Shiba Inu Liquidation/Coinglass
Shiba Inu Liquidation/Coinglass

In the meantime, SHIB trades at the $0.000060 resistance area. Breaking above opens the way to higher prices, while a rejection could take it to the minor and major support levels at $0.00000545 and $0.00000507.

XRP Is Building Energy, This Is Where Most People Get Chopped: Analyst

Abdulkarim Abdulwahab
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XRP Is Building Energy, This Is Where Most People Get Chopped: Analyst

XRP is entering a tense phase of price compression, and analyst Dark Defender warns that this is where many traders often make costly mistakes. 

With no clear market direction at the moment, XRP’s current structure suggests that underlying conditions are building toward a decisive breakout or breakdown.

Key Points

  • XRP compresses as traders risk costly mistakes, says analyst Dark Defender.

  • The market shows no clear trend, but XRP is building energy for a breakout or breakdown.

  • Critical level $1.4047 may trigger expansion or deeper downside, per Dark Defender.

  • Long-term outlook remains bullish, but XRP faces near-term shakeout risk.

XRP Compression Suggests Imminent Breakout

In a recent tweet, Dark Defender says XRP’s lack of momentum is not a sign of weakness, but rather a period of compression.

According to him, this is typically where most traders get “chopped” — a phase marked by false signals, indecision, and sharp but short-lived moves in both directions.

He explained that the crypto market is currently “building energy, not direction,” indicating that volatility may soon return in a more decisive way.

This aligns with XRP’s recent price behavior. After pushing toward $1.60, the asset has pulled back and is now consolidating below the $1.45 region, reflecting a market that is coiling rather than trending.

Key Level at $1.4047 Becomes Decision Point

In a follow-up analysis, Dark Defender identified $1.4047 as the critical level to watch. Notably, if XRP holds above this level, it could trigger an expansion phase. However, if it breaks below, further downside continuation may open up.

The analyst emphasized that this range is unlikely to persist for long, noting that XRP is “compressing into a decision point.”

This level sits close to previously identified macro support zones by other analysts, reinforcing its importance in the current structure.

Image

Analysts Point to “Shakeout” Risk

Dark Defender’s outlook adds to a growing narrative among analysts that XRP may still face a final shakeout before a sustained breakout.

Earlier analysis from market commentator ChartNerd warned that XRP is approaching a multi-year “triangle crossroads,” where long-term support and resistance converge. This structure could lead to a deep correction toward the $0.70–$0.80 range before any major upside expansion.

Similarly, veteran analyst Tara highlighted the $1.47 region as a key Fibonacci support level. XRP’s current position just below this zone places it directly within a critical testing area.

Long-Term Bullish Outlook Remains Intact

Despite near-term uncertainty, the long-term outlook for XRP remains largely bullish among analysts.

Tara has previously outlined a conservative upside target of $9, implying significant upside potential if XRP completes its correction phase and enters a new expansion cycle.

However, key resistance levels at $1.80, $2.00, and $2.40 still need to be cleared before any sustained rally can take shape.

For now, XRP remains in a tightening range, with both bullish and bearish scenarios still in play.

The current phase may continue to frustrate traders, especially those expecting immediate direction. But as Dark Defender suggests, this is often the stage at which the market builds the energy for its next major move.

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