Cardano rally, Cardano price analysis. Photo by BeInCrypto Cardano (ADA) has entered an "Extreme Buy" zone, with its Market Value to Realized Value (MVRV) ratio dropping amid persistent market volatility. However, emerging conflicting signals are creating a challenging environment for investors, as technical indicators point to the possibility of further downside. On-Chain Data Shows Undervaluation and Adoption Analytics platform Santiment noted that the majority of top cryptocurrencies are now showing ...

Market Overview - The global cryptocurrency market capitalization has increased by 3.0% to reach $3.85 trillion, with total trading volume in the past 24 hours climbing to $160 billion, indicating renewed momentum across major digital assets [1][8]. Top Cryptocurrencies Performance - Seven of the top ten cryptocurrencies by market capitalization have posted gains in the past 24 hours, with Bitcoin (BTC) rising 0.4% to $110,796, extending its weekly gain to 3.5% [3][8]. - Ethereum (ETH) increased by 0.1% to $4,039, with a weekly gain of 3.6% [3][8]. - Binance Coin (BNB) rose 0.5% to $1,119, while Solana (SOL) gained 0.3% to $192.83 [4]. - XRP climbed 0.3% to $2.46, and TRON (TRX) was up 0.1% at $0.324 [4]. - On the downside, Dogecoin (DOGE) slipped 0.1% to $0.2006, and Cardano (ADA) fell 0.5% to $0.67 [4]. Market Sentiment and Trends - The overall sentiment remains cautiously bullish as Bitcoin holds above the $110,000 threshold, with most major altcoins stabilizing near weekly highs [5]. - Bitcoin's sluggish recovery is attributed to long-term holders cashing out, with analysts noting that this wave of profit-taking is the main resistance keeping Bitcoin below key price levels [6][8]. Ethereum Analysis - Ethereum is currently facing short-term caution but is expected to show long-term strength, according to NoOnes CEO Ray Youssef, who noted that Ethereum's price action is at a crossroads of technical uncertainty and strong fundamentals [7][9]. - The Fear & Greed Index has dropped to 30, indicating fear in the market [8]. - US Bitcoin ETFs experienced outflows of $366.6 million, while US Ethereum ETFs saw outflows of $232.3 million [8].

Core Insights - Bitcoin's price has been trading sideways, struggling to break resistance at $115,892 while finding support near $111,098, but analysts see potential for recovery towards $120,000 in the near term [1] Group 1: Market Structure and Exchange Flows - Bitcoin's market structure remains strong despite recent challenges, supported by a rise in exchange-to-exchange flows on Binance, indicating increased activity among large traders and institutions [2][4] - Exchange-to-exchange flows have surged 125% over the past week, suggesting heightened trading activity [3] - The increase in flows since early October implies renewed activity among large players, interpreted as neutral to slightly positive, indicating liquidity redistribution rather than selling [5] Group 2: Price Recovery and Technical Analysis - Following a sharp drop on October 11, Bitcoin has stabilized around $110,000, with current flow volumes indicating a healthy recovery compared to the sell-off [6] - The price structure is forming higher lows, with a low probability of revisiting the October 11 low, and a confirmed breakout above $115,000–$120,000 could trigger further upward momentum [6] Group 3: Retail Investor Sentiment - There is a notable accumulation trend among Short-Term Holders (STHs), indicating renewed retail confidence despite recent liquidation events that caused trader reluctance in the futures market [7]

Core Insights - Dogecoin (DOGE) has experienced a modest 5% rebound following a price crash to a September 2024 low during the Black Friday sell-off, but this recovery may lack genuine investor demand [1][2] - On-chain data indicates a steady decline in new demand for DOGE, with a 40% drop in unique addresses interacting with the asset since the Black Friday event [2][4] - The increase in DOGE's liveliness suggests that long-term holders are taking the opportunity to sell their holdings, raising the likelihood of a near-term price correction [4][6] Market Activity - The number of new addresses for DOGE transactions has decreased significantly, with only 18,251 unique addresses recorded recently compared to 30,534 during the Black Friday liquidation [2][4] - DOGE is currently trading below its 20-day Exponential Moving Average (EMA) of $0.249, indicating bearish control and a potential downward trend towards the next support level at $0.167 [7][8] Investor Behavior - The liveliness metric for DOGE has been rising, indicating that long-term holders are moving or selling their assets, which typically signals profit-taking rather than accumulation [5][6] - Without renewed buyer interest or increased network activity, the current price rebound may not be sustainable, putting DOGE at risk of further declines [4][8]