Ethereum

Cardano

Bitcoin ETF

Helium

<ul class="list-ic vertical">
 <li><span>1</span> <a>Ethereum dipped and lost hold on the $3200 level, extending the losses below the weekly low.</a></li>
 <li><span>2</span> <a>Cardano may experience a death crossover on the daily chart if the price continues to decline.</a></li>
 <li><span>3</span> <a>HNT crypto is poised to be one of the best-performing assets amid a sharp reversal from the multi-month low.</a></li>
</ul>
<p>Volatility characterized the crypto market today with Bitcoin and Ethereum (ETH) noting a sharp decline – losing 3.33% and 5.18% respectively.&nbsp;</p>
<p>On the other hand, Cardano and HNT have also dipped amid the broader market corrections. However, recent price predictions and data suggest that Cardano and HNT could outshine Ethereum in the following month.</p>
<p>Let’s have a closer look at the price actions and whale activity in these cryptocurrencies to see how the market reacts to these changes.</p>
<h2 class="wp-block-heading" id="strong-can-ethereum-etf-bring-optimism-in-the-price-strong"><strong>Can Ethereum ETF Bring Optimism In The Price?&nbsp;</strong></h2>
<p>At press time, Ethereum price witnessed a strong selloff intraday, as it distanced itself from the $3200 level. The crypto is headed to test the rebound level of $3000, dropping more than 5% intraday.</p> 
<p><a href="https://in.tradingview.com/chart/ETHUSD/ibJzSVwI-Can-Ethereum-ETF-Bring-Optimism-In-The-Price/" rel="noopener noreferrer nofollow"> </a> <a href="https://in.tradingview.com/u/Ritika_TCR/" rel="noopener noreferrer nofollow"> </a> <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"> </a></p> 
<p>The daily chart shows a breakdown of a bearish flag pattern and a rejection from the 50-day exponential moving average. While the $3000 may act as a psychological level and bring some stability, further downside movement cannot be ruled out.</p>
<p>However, recent developments and updates point towards a potentially bright future for Ethereum, which could bring back the optimistic days.</p>
<p>The most recent news that could relieve Investors is about the commencement of Bitcoin and Ethereum ETFs in Hong Kong. This news is a reason for celebration for Hong Kong investors. There is optimism that these ETFs might exceed the $125 Million US Bitcoin ETF launch. It might bring back the reversal in Ethereum and the crypto may perform in the next month.</p>
<h3 class="wp-block-heading" id="strong-ada-witnesses-massive-whale-transactions-strong"><strong>ADA Witnesses Massive Whale Transactions?</strong></h3>
<p>On-chain data from Santiment shows a surge in transactions involving large sums of Cardano (ADA) tokens, exceeding $100,000 in value. This surge marks the highest level of Cardano whale activity since November 8th.</p>
<p>Notably, such a surge in whale activity has coincided with possible <a href="https://www.thecoinrepublic.com/2024/04/30/gas-price-stuck-in-range-can-bulls-escape-range-above-8-mark/" target="_blank" rel="noopener noreferrer nofollow">price</a> reversals in ADA’s market trajectory. As evident from the above chart, whale activity started rising after the cryptocurrency plummeted almost 40% since March 13th. This indicates a period of substantial volatility and market adjustments for Cardano.</p> <iframe title="Santiment Chart: Supply held by top addresses (as % of total supply) (ADA), Price (ADA), Whale Transaction Count (>100k USD) (ADA)” width=”1170″ height=”425″ src=”https://embed.santiment.net/chart?ps=cardano&amp;pt=ADA&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;sat=shchcfg_0fkcqXWOckcn&amp;emcg=1&amp;emhwm=1&amp;wm=topHoldersPercentOfTotalSupply%3Bprice_usd%3Bwhale_transaction_count_100k_usd_to_inf&amp;wax=1%3B2&amp;wc=%23FF5B5B%3B%2326C953%3B%234b7de3&amp;ws=%7B%22node%22%3A%22area%22%2C%22interval%22%3A%221d%22%7D%3B%7B%22node%22%3A%22area%22%7D%3B%7B%22interval%22%3A%2212h%22%7D” scrolling=”no”></iframe>



<p>Despite the broader market correction, the ADA cryptocurrency has not remained immune. While the price action may cause slight concern among investors, an increase in the number of whale transactions suggests a potential market recovery.</p>



<p>If the tables were to turn, the price could display strength. On the higher side, immediate resistance levels on the higher side can be found at $0.5 and $0.65.</p>



<h3 class=" wp-block-heading>&amp;amp;nbsp;&amp;lt;strong&amp;gt;Is HNT Poised To Outperform Next Month?&amp;lt;/strong&amp;gt;&amp;lt;/h3&amp;gt; &amp;lt;p&amp;gt;HNT crypto bounced back from the lows of $3.65, nearly avoiding the formation of a death crossover. This death crossover comes into formation when the 200-day EMA crosses over the 50-day EMA. However, a sudden surge in Helium price resulted in the aversion of this death cross.&amp;lt;/p&amp;gt; &amp;lt;!-- TradingView Chart BEGIN --&amp;gt; &amp;lt;script type="text/javascript" src="https://s3.tradingview.com/tv.js"&amp;gt;&amp;lt;/script&amp;gt; &amp;lt;script type="text/javascript"&amp;gt; var tradingview_embed_options = {}; tradingview_embed_options.width = '980'; tradingview_embed_options.height = '425'; tradingview_embed_options.chart = 'Oy4QHKUj'; new TradingView.chart(tradingview_embed_options); &amp;lt;/script&amp;gt; &amp;lt;p&amp;gt;&amp;lt;a href="https://in.tradingview.com/chart/HNTUSD/Oy4QHKUj-Is-HNT-Poised-To-Outperform-Next-Month/"&amp;gt; &amp;lt;/a&amp;gt; &amp;lt;a href="https://in.tradingview.com/u/Ritika_TCR/"&amp;gt; &amp;lt;/a&amp;gt; &amp;lt;a href="https://in.tradingview.com/"&amp;gt; &amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt; &amp;lt;!-- TradingView Chart END --&amp;gt; &amp;lt;p&amp;gt;The Helium (HNT) price has made a remarkable surge of nearly 52% a week has opened HNT up to the potential of a rally. Also, the relative strength index (RSI) has reclaimed the bullish zone as it hovers above the mean line.&amp;amp;nbsp;&amp;lt;/p&amp;gt; &amp;lt;p&amp;gt;The RSI is a momentum oscillator indicator that measures the divergence in the price and momentum, indicating overbought or oversold conditions. It ranges from 0 to 100 and is typically used to identify swing formation and potential trend reversals.&amp;lt;/p&amp;gt; &amp;lt;h4 class="wp-block-heading"&amp;gt;&amp;lt;strong&amp;gt;Conclusion&amp;lt;/strong&amp;gt;&amp;lt;/h4&amp;gt; &amp;lt;p&amp;gt;The entire cryptocurrency market is currently experiencing a downturn, causing a drop in the value of all cryptocurrencies. Ethereum, in particular, is facing a significant sell-off and has fallen below $3200. However, the launch of new ETFs points to the possible recovery in the crypto.&amp;amp;nbsp;&amp;lt;/p&amp;gt; &amp;lt;p&amp;gt;Additionally, altcoins such as Cardano (ADA) have also seen a decline in recent days. However, an increase in whale activity suggests that the value may recover in the near future.&amp;amp;nbsp;&amp;lt;/p&amp;gt; &amp;lt;p&amp;gt;On a positive note, Helium (HNT) cryptocurrency witnessed a 50% increase in its value last week, indicating the possibility of a potential rally in the future.&amp;lt;/p&amp;gt; &amp;lt;h4 class="wp-block-heading"&amp;gt;&amp;lt;strong&amp;gt;Disclaimer&amp;lt;/strong&amp;gt;&amp;lt;/h4&amp;gt; &amp;lt;p&amp;gt;The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&amp;lt;/p&amp;gt; </iframe>

Can ADA And HNT Outshine Ethereum Next Month: Detailed Analysis

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