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Cardano Eyes $0.73 as Morning Star Hints at Bullish Revival

Cardano is forming a potential morning star pattern, increasing the chances of a bounce back to $0.73. Is this the start of a new bullish rally?

While the crypto market remains uncertain, Cardano is holding steady at $0.60. After recently dipping from $0.6296, Cardano is now trading at $0.6724.

The formation of a potential morning star pattern and an intraday recovery suggest that Cardano may retest the $0.73 resistance level. Could this lead to a breakout toward the $0.92 mark?

Cardano Price Analysis: Teasing a Bounce Back to $0.73

On the daily chart, Cardano’s price trend recently failed to overcome the 200-day EMA, leading to three consecutive bearish candles and a 10% decline over the past weekend.

Cardano Price Chart
Cardano Price Chart

However, the downturn took a quick bullish turn as a Doji candle formed, signaling lower price reactions from the $0.60 mark. This level coincides with the 50% Fibonacci retracement, highlighting a key support area for Cardano.

Currently, Cardano is extending the bullish turnaround with an intraday recovery, forming a bullish candle and indicating the potential formation of a morning star pattern. With this sudden reversal, Cardano will likely retest the short-term crucial resistance at the 61.80% Fibonacci level.

Additionally, the 200-day EMA line is moving closer to the resistance level. Amid the recent surge in bearish sentiment, the 50- and 200-day EMA lines are on the verge of a “death crossover,” which could trigger a major sell signal for Cardano.

Moreover, the MACD and signal lines have recently shown a negative crossover during the weekend’s pullback.

Analyst Warns of Major Downside Risk

Ali Martinez, a crypto analyst, highlights the recent pullback in Cardano as a potential precursor to a major breakdown. He points to the critical support zone between $0.70 and $0.80 as key.

With the recent breakdown, Martinez warns of a significant downside risk if Cardano fails to reclaim the support level soon. Based on previous declines from this crucial support area, the correction could extend to the $0.31 to $0.24 range.

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Cardano Price Targets

Based on the recent price action, the lower price rejection suggests a potential retest of the 61.80% Fibonacci level at $0.73. This implies an upside potential of 8.52%.

Optimistically, a breakout could push the price toward the 78.60% Fibonacci level, with the next target at $0.93.

On the flip side, a close below the 50% level could test the local support trendline near $0.53, representing a potential downside risk of nearly 20%.

‘And You Wonder Why I Am So Bullish,’ Analyst Targets XRP to $8.5, $13.7, and $27

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A notable market analyst suggests XRP could reach an audacious double-digit price, citing a historical symmetrical triangle pattern and Fibonacci extensions.

This bullish commentary came from market watcher EGRAG Crypto, who has maintained his optimism around XRP despite the current price struggles. For context, at the current price of $2.10, XRP has dropped nearly 38% from the yearly peak of $3.4 attained in mid-January. 

XRP Slips into Symmetrical Triangle Structure

Amid the bearish price movements, EGRAG shows that XRP has slipped into a historically important symmetrical triangle. Notably, before now, XRP had entered into a similar structure from May 2017, during the bull run at that time. 

Particularly, XRP witnessed a massive 802% increase from March to May 2017. However, after hitting a peak of $0.3988, the asset faced intense resistance, leading to a correction. This correction resulted in the formation of the symmetrical triangle, which lasted for six months.

However, data confirms that as XRP recorded a breakout above the upper trendline of the triangle, its price skyrocketed. Specifically, the altcoin surged from a price of $0.2349 to an all-time high of above $3.8 in December 2017. This marked an explosive 1,517% increase post-breakout.

XRP 1M Chart EGRAG Crypto
XRP 1M Chart | EGRAG Crypto

EGRAG believes the current market dynamics mirror this run. For context, XRP has already recorded an impressive initial run, soaring 580% from $0.5 in November 2024 to a seven-year high of $3.4 in January 2025. However, like in 2017, XRP faced resistance at the $3.4 top.

Now, XRP is witnessing a pullback similar to what it recorded from May to November 2017. This has led to the formation of another symmetrical triangle. EGRAG expects a breakout from this triangle to trigger another explosive run. 

XRP Could Target $27

XRP has already set three targets for XRP, leveraging Fibonacci extension levels. The first target is $8.5 and rests on the Fibonacci 1.272 extension, marking a new all-time high for XRP. Meanwhile, the second target, $13.7, syncs with Fib. 1.414.

EGRAG’s third target lies at the pivotal 1.618 Fibonacci extension, aligning with the $27 price target. Interestingly, the 2017 symmetrical triangle breakout allowed XRP to reach the Fibonacci 1.618 extension, which aligned with $3 during that period. Now, the 1.618 extension syncs with $27.

“And you wonder why I am so bullish,” EGRAG quipped upon sharing his findings. The analyst had projected a massive run to this $27 mark in the past, citing different factors. For instance, last month, EGRAG suggested XRP could hit $27 following a retest of the Bull Market Support Band (BMSB).

Last December, the analyst pointed to a structure he called the Biforst Bridge in an attempt to make a case for XRP to $27. Currently, XRP changes hands at $2.10, a rally to $27 would demand a 1,015% increase from the current value.

Tether Acquires New 8,888 BTC Worth $735M, Expanding Bitcoin Reserve

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Prominent crypto firm and USDT issuer Tether bolstered its exposure to Bitcoin with a $735 million acquisition on Monday.

Data from Arkham shows that the leading stablecoin issuer bought more Bitcoin yesterday. Per the on-chain analysis, Tether withdrew 8,888 BTC from Bitfinex, a crypto exchange and sister company, on Monday at precisely 20:58 (UTC).

The acquisition took its total holdings to 92,647 BTC, worth $7.7 billion at the current market price. It has also placed the stablecoin issuer among the largest holders of Bitcoin, the largest cryptocurrency by market cap.

Tether Expands Bitcoin Reserve

Tether has dominated the stablecoin industry, controlling 61% of its entire supply. For context, Tether has a market cap of nearly $144 billion, and the stablecoin sector has a valuation of $234 billion.

Meanwhile, the highly profitable stablecoin issuer has also extended its prominence among Bitcoin-holding addresses. Its Monday acquisition of 8,888 BTC reinforces its place as the sixth-largest wallet holding the crypto firstborn.

Data from Bitcoin Treasuries shows that Tether is the second-largest private firm holding Bitcoin, just below investment firm Block.one. In general, only Strategy (formerly MicroStrategy) and the top three US Bitcoin spot ETF issuers (BlackRock, Fidelity, and Grayscale) outhold the El Salvador-based USDT issuer.

Notably, Tether’s expanding Bitcoin reserve commensurates with its pledge to use a portion of its net profit to acquire the asset. The issuer committed to this course in May 2023, committing 15% of its net realized operating gains to stacking the pioneering cryptocurrency.

Its last accrual was an 8,404 BTC acquisition in December, taking its stash to 83,759 BTC at the time.

Tether Mints Fresh $1B USDT on Tron

Meanwhile, the Bitcoin acquisition coincided with bullish on-chain activity from Tether yesterday. The leading issuer minted fresh $1 billion USDT on Tron, extending its impressive numbers on the network.

Tether’s CEO, Paola Ardoino, who recently talked up bringing Bitcoin founder Satoshi Nakamoto’s bitcoins back into circulation, confirmed the transaction. He noted that it was an authorized but not issued USDT minting on the Tron network, serving as inventory for subsequent issuance requests.

Interestingly, Tether has minted $8 billion USDT on the Tron network since the start of 2025 and a staggering $22 billion USDT in the past year. Nonetheless, the blockchain has a total authorized transaction of $66.7 billion, playing second fiddle to the Ethereum network’s $75.9 billion.

Shiba Inu Achieves Major Milestone as SHIB Transactions Processed Surpasses 1,000,000,000

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Shiba Inu Layer-2 blockchain Shibarium has achieved an incredible milestone by processing its one billionth transaction in less than two years after its launch. 

In an interesting development, Shibarium transaction volume has surpassed 1 billion. This implies that the popular Layer-2 blockchain has processed over 1 billion transactions since its launch in August 2023, less than two years ago. 

Shibarium reached the incredible milestone of 1 billion transactions yesterday after recording a daily transaction count of 4 million. Notably, Shiba Inu’s blockchain has crossed the 1 billion mark, as it currently boasts a transaction volume of 1,001,311,027 (1.001 billion). 

Shibarium latest stat
Shibarium latest stat

Surpassing the 1 billion transaction mark in less than two years indicates that Shibarium can handle high volumes, which is a testament to its robustness and the community’s active participation. 

Shiba Inu Shibarium Achieves Feat Faster Than Bitcoin 

This remarkable feat puts Shibarium on the list of blockchains that have processed over 1 billion transactions. Several blockchains, like Bitcoin and Ethereum, have already crossed the 1 billion mark. 

However, compared to most established blockchains, Shibarium’s journey to the 1 billion transaction mark was fast. For instance, while it took Bitcoin 15 years to hit the one billion transaction mark, Shibarium achieved the feat in less than two years. 

Shibarium launched on August 16, 2023, recording its first transaction. Despite the technical issues that took the network offline for two weeks after its launch, it resumed activity in late August 2023 and has remained operational ever since. 

Shibarium processed its one billionth transaction on March 31, 2025, suggesting that the network achieved the milestone in 593 days, or 84 weeks and five days. 

Other Shibarium Stats 

Meanwhile, the popular L2 blockchain boasts other incredible stats. Notably, 193,929,845 (193.93 million) blockchain addresses have interacted with Shibarium since its launch. The network has mined a total block of 10,233,246 (10.23 million), with an average block time of 5.0 seconds, according to data from Shibariumscan. 

At press time, Shibarium boasts a total of 248,608 accounts, with only 917 of them currently active. This represents a sharp decline of 89.01% compared to the 8,346 active accounts recorded on the previous day. 

Here’s Why Binance CZ Burns $3.5M in TUT and Broccoli Tokens

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Changpeng Zhao, co-founder and former CEO of Binance, has carried out a significant token burn involving TUT and Broccoli. 

The move occurred yesterday, which saw Zhao eliminate a combined value of over $3.5 million in tokens. Specifically, the burn included 45.59 million TUT valued at $1.95 million, 10.14 million Broccoli-6714 worth $547,000, and 798 million Broccoli-caab with a value of $1.1 million. 

The market responded quickly, with TUT experiencing a sharp 5% surge to $0.051 within the first hour before retracing.

Token burns typically reduce the total supply, altering their circulating metrics immediately. This type of reduction often draws attention, especially when initiated by a high-profile figure.

Community Reactions to CZ Burn Move

As the tokens were burned, Zhao addressed the community through the X platform. He confirmed sending a few high-value tokens to the burn address and acknowledged emerging AI solutions to automate such tasks, though none had yet passed security reviews. 

He advised against sending more tokens to the wallet expecting interaction. Responding to user inquiries, Zhao clarified that he acted based on the wallet balance, not market value. He also emphasized that there was no intention to harm any token or its holders by selling the tokens.

Background on Token Sent to CZ Wallet

Meanwhile, one TUT holder, Yerasyl Amanbek, later explained their reason for sending $90,000 worth of tokens to Zhao. Amanbek disclosed that he initially had three options in getting exposure for the TUT token.

The first involves liquidating tokens to pay for a centralized exchange listing, retaining the tokens while enduring community pressure, or sending them to Zhao in hopes of exposure. Ultimately, he chose the third option, reportedly resulting in a highly decentralized token distribution. 

Meanwhile, crypto tracking tool Alva noted that the burn could drive increased market interest due to the reduced token supply. However, actual value changes would still hinge on broader demand factors and investor behavior.

Ethereum Founder Donates 274 ETH to Swiss Project Zuitzerland

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Ethereum co-founder Vitalik Buterin has made a massive donation to Zuitzerland, a decentralized project inspired by his Zuzalu experiment.

Onchain Lens, a blockchain surveillance platform, was the first to highlight the fund transfer, in which Vitalik Buterin sent 274 ETH (around $500,000) to Isla, a Web3 researcher contributing to the development of the Zuitzerland project.

This donation was unsurprising given the Ethereum co-founder’s indirect ties to Zuitzerland. Although the project was developed by other founders, it takes inspiration from Vitalik Buterin’s Zuzalu experiment.

How Does Zuitzerland Link to Buterin’s Zuzalu Experiment 

For those unfamiliar, Zuzalu was a temporary community experiment led by Vitalik Buterin from March to May 2023 in Montenegro. The initiative aimed to explore a living arrangement where individuals with shared interests, such as technology, longevity, and decentralized governance, could co-live and exchange ideas.

Around 200 participants attended, engaging in discussions, workshops, and social events. The experiment sought to explore how a temporary, high-concentration community could help with innovation and long-term collaboration.

Zuitzerland expands on the Zuzalu concept by presenting residencies, hackathons, and city events to like-minded individuals, including thinkers and builders. The project’s platform also lists Vitalik Buterin as one of its “speakers and curators.”

Buterin’s Altcoin Sales

However, Buterin’s latest philanthropic contribution appears to have come at the expense of other crypto projects. Notably, on-chain data reveals that he sold several donated assets just before transferring 274 ETH to Isla.

Specifically, the Ethereum co-founder sold 5,000 Dohrnii tokens for $93,882 at 8:05 PM UTC on March 31. Just a minute later, he liquidated 2 trillion LEDOG (DOG) for $16,569. Following these transactions, he consolidated the funds and transferred 274 ETH to a contract address associated with Isla.

Notably, Buterin received the Dohrnii and LEDOG tokens as donations from the projects’ founders. In January 2025, the Dohrnii Labs Treasury sent him 10,000 DHN, while LEDOG’s founders transferred 10 trillion DOG tokens to him in August 2024.

Since receiving these tokens, Buterin has gradually liquidated them for various purposes. Last month, he sold 5,000 DHN before offloading the remaining balance yesterday. Meanwhile, he has been selling DOG tokens in batches since October but still holds 2 trillion at the time of writing.

Notably, founders of these tokens often gift Buterin portions of their supply as a gesture of gratitude, but these moves could also be attributed to marketing strategies aimed at greater visibility. 

While he sells off these tokens to donate to projects and charities, in November 2022, Buterin urged these founders to make these donations to charities themselves instead of sending the tokens to him. Recall that the Ethereum co-founder sold off some of the SHIB tokens he received to donate to an Indian COVID-19 relief fund. 

XRP to Hit $15, Bold Forecast Promises 512% Gains, Critics Say “Calm Down”

A notable community commentator has boldly asserted that a major rally could soon drive the XRP price to double digits.

XRP has been in a holding pattern for several weeks, with more intraday losses than gains. Since XRP touched $3.34 in January, it has repeatedly dipped below $2, even reaching as low as $1.70 at one point.

At press time, XRP is hovering around $209, down by 39% in the last two months. As XRP’s price has not seen significant improvement in recent weeks, despite the resolution of the Ripple lawsuit, some have written off the coin.

However, some widely followed market watchers argue that XRP could still achieve great things this year. Among them is the influencer behind the channel “The Modern Investor.”

XRP to $10-$15 Incoming?

In a tweet, he boldly asserted that XRP was on track for a substantial price increase, potentially reaching a range of $10 to $15. From the prevailing market value, the lower boundary would represent a 308% gain, while the higher threshold would mean a 512% upside.

This is not The Modern Investor’s first call for an imminent price rally to the double-digit range. He previously made a similar claim for $10, citing a possible zero capital gains tax on crypto by the U.S. government.

The analyst suggests that such a policy could drive significant growth in major U.S.-based cryptocurrencies like XRP. The speculated move also aligns with Trump’s push for a national crypto asset reserve with some U.S. coins.

Notably, other market commentators, like Edoardo Farina, have also expressed strong optimism for XRP this year. Farina expects a new peak value this year, regardless of the current price action. However, he did not provide a specific price target.

Could This Be a Bearish Signal?

However, many do not share this optimism about XRP. Responding to The Modern Investor’s call for a $10 to $15 rally, community member Dobbo urged him to calm down and temper his bullishness cautiously.

Likewise, co-founder SurferMonkey responded that such bold posts remind him of similar predictions for Cardano during the last cycle at $3.30, when popular voices were predicting $10 before the price collapsed.

This sentiment suggests that sustained bold calls on XRP, in a time that shows signs of market struggles, could serve as a signal for a market top or an impending major crash, as some have been warning for a while.

Analyst Sees XRP Breakout Above Range Highs at $3.4 but on One Condition

The analyst says he is awaiting a breakout above range highs for XRP, but any bounce would only be meaningful if it is accompanied by broader market support.

XRP has recently seen declines in price, falling from $2.20 to just above $2.05 within a few hours, as it has collapsed 4.8% over the past 24 hours. Despite this short-term dip, the crypto has demonstrated substantial long-term growth. 

Over the past year, XRP price has surged by an impressive 230.8%. Also, the market shows signs of short-term recovery, with a 1.6% gain in the past hour, suggesting a possible rebound in the near term.

XRP Price Potential Breakout

Amid the short-term fluctuations, an analyst on X, CrediBULL Crypto has kept the focus on the potential for XRP to break out above the current range highs, which would indicate the next major price move. In his commentary, the analyst highlighted the importance of leveraging charts instead of focusing on news events.

Notably, market watchers typically see short-term fluctuations as less significant when waiting for a definitive direction. 

The analyst stresses that a clear break above the range highs would signal a stronger move, while any bounce would only be meaningful if accompanied by broader market support, typically due to a rally from Bitcoin.

Notably, this was the same game plan for him in a March 20 post. The analyst had noted that he was not interested in jumping into fresh longs. He rather hoped that people would choose to fade XRP’s push, creating what he called a fantastic opportunity.

Other Bullish Factors for XRP Price

It is important to note that the recent administration change in the U.S. has played a major role in XRP’s performance. Following Donald Trump’s election victory, the crypto witnessed a notable price spike in late 2024. 

However, despite some speculation that this rally had reached its peak, experts suggest that XRP could continue to see price increases. 

Cas Abbé, a Web3 Growth Manager, identifies several bullish factors that could drive XRP’s price above the $10 mark in the future. These include the possibility of XRP ETF approvals and growing institutional interest in the token.

Institutional Interest and the XRP ETF Speculation

Also, following the resolution of the Ripple lawsuit, XRP has gained regulatory clarity in the U.S., which has paved the way for institutions to file for XRP ETFs. Notably, multiple institutions, including Franklin Templeton, have submitted applications for spot-based XRP ETFs. 

Predictions also note that major asset managers such as BlackRock and Fidelity may also pursue similar filings. The approval of such ETFs could attract significant institutional investment, further bolstering XRP’s market performance.

Market Expert Predicts When XRP Could Finally Reach $27

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A prominent market expert has shared what he believes is the timeline for XRP to claim an ambitious two-digit price target.

With XRP following the direction of the broader crypto market, the altcoin is on the verge of recording a second consecutive monthly loss for the first time since December 2022, during the bear market.

Currently, XRP is down 3.16% in March 2025, with a day left to close the month. This follows a previous 29.33% crash in February, which saw it lose the $3 psychological mark. Amid this bearish atmosphere, analysts like EGRAG Crypto believe a recovery could be in the works soon. 

Timeline for XRP to Reach $27

In his latest disclosure, the market watcher highlighted XRP’s historical data, suggesting they could provide pointers for when XRP could reach his ambitious two-digit targets. It bears mentioning that EGRAG has always projected that XRP could reach $27 in the future.

This time, the market analyst has identified a timeline for this target to materialize. According to his latest analysis, XRP could hit the $27 price in the next 63 days, essentially two months. To back up his prediction, he spotlighted XRP’s behavior during the 2017 bull run, which resembles the price action in the ongoing bull market.

Particularly, XRP first soared to an initial peak of $0.3988 in May 2017 before facing a massive roadblock and correcting. Despite the correction, it maintained most of the gains from the initial rally. It hit a low of $0.1891 in early November 2017 and then consolidated for another six weeks or 42 days before seeing a breakout. 

XRP 1W Chart EGRAG Crypto
XRP 1W Chart | EGRAG Crypto

This breakout led to a massive rally that persisted for three more weeks or 21 days, with XRP eventually hitting the $3.8 peak in January 2018. Essentially, XRP spent nine weeks or 63 days from when it hit the $0.1891 low to when it claimed the all-time high of $3.8.

EGRAG expects this timeline to play out again. With XRP having reached a floor of $2 this week, the analyst believes it would take exactly 9 weeks or 63 days for the token to reach its new cycle peak of $27. This places the timeline in June 2025.

EGRAG Maintains the XRP to $27 Target

For context, the $27 price represents XRP’s 1.618 Fibonacci extension, which EGRAG believes is its ultimate target for the cycle. During the 2017 rally, XRP claimed the 1.618 Fibonacci extension, which stood around the $3.3 price at the time. As a result, EGRAG has always championed this $27 price. 

For instance, as early as February 2024, The Crypto Basic reported that he predicted an XRP rally to $27. Interestingly, the asset traded for $0.54 at the time, suggesting that a run to $27 would demand a 4,900% from the prevalent price then.

A month later, in March 2024, as XRP maintained the $0.5 level, EGRAG boldly claimed that the $27 price target remained unchanged. According to him, XRP was following its 2017 fractal. In February 2025, he again suggested XRP could rise to $27, citing a retest of the Bull Market Support Band (BMSB). 

Also, earlier this month, EGRAG predicted an XRP price spike to $27, calling attention to what he called the Kangaroo Phase. With XRP now trading for $2.09 at press time, the asset must rise 1,191% to $27, a massive improvement from the 4,900% demand a year ago.

Bitcoin Faces Key Test as New CME Gap Forms Between $82,500 and $84,100

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An expert analyst has identified a new CME Gap on the Bitcoin 1-day chart between $82,500 and $84,100, which remains unfilled.

Bitcoin’s value has continued to slide since Friday, reaching a two-week low of just above $81,000 earlier today. The leading crypto has struggled to regain momentum, recording a substantial 6.28% drop over the past week. 

Meanwhile, altcoins have been hit harder, experiencing significant declines in double digits.

CME Gaps and Bitcoin Futures

Bitcoin’s price movement has caught the attention of technical analysts, especially regarding CME Gaps. A chart shared by Rekt Capital highlights that Bitcoin has recently filled the general CME Gap area between $82,000 and $85,000.

However, a new CME Gap has formed over the weekend, ranging from $82,500 to $84,100. This unfilled gap has become a key area of focus for traders, who are closely monitoring whether Bitcoin will continue its upward momentum or if the gap will be filled.

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For context, a CME gap occurs when Bitcoin’s price moves significantly over the weekend while the CME Bitcoin futures market is closed, creating a gap on the chart when the market reopens. Historically, Bitcoin has often filled these gaps, making them an important area of focus for traders.

The current unfilled gap between $82,500 and $84,100 has garnered attention, as it could influence Bitcoin’s short-term price action and potential market moves. The market is expected to react strongly when this new CME Gap is tested.

Potential Upside for Bitcoin Price

Meanwhile, Bitcoin’s long-term prospects have sparked optimism among some analysts. Captain Faibik pointed out that Bitcoin has been consolidating within a falling wedge pattern for the past four months. He believes the correction phase is nearing completion, and Bitcoin may be preparing for a bullish rally. 

Faibik anticipates a breakout from the Falling Wedge pattern at the start of April, with a potential new all-time high above $109K by the end of the month.

Moreover, Faibik noted that big players in the market have been accumulating Bitcoin heavily while newer investors are still waiting for a potential dip.

Whale Activity and Short-Term Holder Data

In addition to the technical analysis, Glassnode data provides insight into Bitcoin’s network wealth distribution. 

Short-term holders now account for approximately 40% of Bitcoin’s network wealth, a drop from nearly 50% earlier in 2025. This figure remains significantly lower than the peak of previous cycles, where new investor wealth reached 70-90%. 

Elsewhere, Bitcoin whales have shown increased confidence, with recent data revealing an accumulation of 129,000 BTC since March 11. This marks one of the strongest accumulation periods since August 2024. Typically, accumulation periods are followed by price surges as supply declines.