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#Cardano (ADA) is trending near a key area in a descending triangle, and analysis highlights two possible price scenarios.
The recent downtrend has pushed ADA to the lower support trendline of a tightening descending triangle, suggesting an imminent breakout. How it handles this level would be important in its subsequent direction.
Key Points
Cardano (ADA) is trending near a key area in a descending triangle, and analysis highlights two possible price trend scenarios.Cardano entered this triangle since the 2021 peak of $3.10, shuffling between the structure’s top and bottom.Cardano dropped to $0.22 last week, aligning with the bottom of a descending triangle on the weekly chart.ADA could still fall below the lower support level, targeting sub-$0.20, and remain there for a while.However, #Cardano and the broader crypto market could “break rules and patterns,” with the former targeting a breakout to $2.99.
Price Scenarios for Cardano
Analysis from Cobra Vanguard identified this crucial area in a recent TradingView commentary. Cardano dropped to $0.22 last week, aligning with the bottom of a descending triangle on the weekly chart.
Cardano entered this triangle following the 2021 peak of $3.10, shuffling between the structure’s top and bottom. Earlier attempts to break above have proven abortive, with the lower support successfully cushioning downward momentum so far.

While the cryptocurrency has rebounded 18% from last week’s low to its current price, the possibility of a downward move remains. Cobra Vanguard highlighted this as one of the likely scenarios for Cardano, noting that it could still lose this support.
If this does happen, the analyst suggested that ADA would drop below $0.20 and could stay there for a while. Notably, the coin has not fallen below this level since breaking above it in January 2021 to reach the current all-time high and the descending triangle’s top around $3.10.
Breaking below this level places Cardano on course to retest lower support levels at $0.077. Further weakness could drive the asset to its historical price lows around $0.017.
ADA Could “Break Rules and Patterns”
However, the analysis also identified that Cardano and the broader crypto market could “break rules and patterns.” In the meantime, the sector is aligning with the four-year cycle, with Bitcoin peaking at $126,200 in October, then dropping almost 50% from there.
Although most indicators point to a bear market, Cobra Vanguard noted that there is still room for a break in the pattern, which could steer a market recovery. In this scenario, he expects ADA to break above the descending triangle and target higher prices.
Specifically, he sees a push above $0.60 as the first possible step to confirm the breakout before a rally to $2.99. From the current market price of $0.266, this represents a 1,024% price increase.
In the meantime, Cardano remains weak with bears on top. The scenario in which ADA and the crypto market regain bullish momentum remains highly contentious, with some analysts predicting it could take months.
#CryptonewswithJack

Bitcoin’s recent price action has sent shockwaves through the digital asset landscape, mirroring the intensity of the 2022 FTX collapse. Over the past 24 hours, the flagship cryptocurrency experienced a sharp decline toward the $60,000 mark, driven by an accelerated selloff. While BTC has since staged a partial recovery to approximately $69,800, on-chain data reveals a market still grappling with significant structural pressure. 📉

🔍 The Gap Between Price and On-Chain Reality
Data from Glassnode highlights a stark divergence between Bitcoin's spot price and several critical on-chain benchmarks. As the market plunged, the price fell well below key investor cost bases:

Short-Term Holder (STH) Cost Basis: $94,000 🚩

Active Investors Mean: $86,800 🚩

True Market Mean: $80,100 🚩

Current Realized Price: $55,600 📍

📉 A Mechanical Unwind, Not a "Smoking Gun"
While social media platforms like X (formerly Twitter) were flooded with speculative theories—ranging from hedge fund collapses in Hong Kong to yen-funding volatility—the evidence suggests a more technical and mechanical "unwind." ⚙️

The primary drivers of this volatility include:

Persistent ETF Outflows: US spot Bitcoin ETFs have seen over $6 billion in net outflows over the last four months. This shift removes the "automatic dip buyer" from the equation, leaving the market vulnerable to sharp downward breaks. 🏦

Unrealized Losses: Bloomberg analysts note that ETF holders are currently facing their deepest losses since the products launched in January 2024, with the current pullback representing a 42% decline from the local high. 📊

Liquidation Cascades: Once key support levels failed, a mechanical domino effect took over. Over $1.2 billion in leveraged positions were liquidated, turning a standard correction into a violent descent. 🌊

🐋 Whale Behavior and Market Capitulation
On-chain signals confirm that investors are locking in losses at a scale not seen since the 2022 bear market. On February 4, realized losses reached $889 million per day, a clear indicator of capitulation. 🏳️

Furthermore, CryptoQuant data tracked significant whale activity on Binance, with large-scale holders moving supply onto exchanges—likely to sell or hedge their positions. This influx of supply, combined with thinning liquidity, has allowed forced selling to dominate price discovery. 🚢

What’s Next?
The current environment reflects a market flushing out excess leverage. While the "narrative vacuum" remains filled with rumors, the data points to a straightforward correction fueled by ETF outflows and forced liquidations.

#Bitcoin #CryptoMarket #BlockchainData #BTC #CryptonewswithJack

$BTC

#XRP has retraced significantly from its cycle high, falling about 61% from the $3.66 peak as bearish forces take hold of the crypto market. 
While the pullback has shaken sentiment, some analysts view the decline as a potential long-term opportunity rather than a breakdown.
Notably, XRP dipped to $1.40 over the past day and has yet to recover, trading at $1.42 at press time.
Key Points
XRP is down 61% from its $3.66 peak, trading at $1.42 amid market bearishness.Analyst Patel sees XRP in the first accumulation zone between $1.50–$1.30.A drop below $1.30 could open a “maximum opportunity” zone at $0.90–$0.70.Long-term target remains $10, with potential upside like the previous 600% rally.
XRP Enters First Accumulation Range
Technical analyst Crypto Patel says the current structure closely resembles previous accumulation phases that preceded major XRP rallies.
According to Patel, XRP has now entered a first accumulation zone between $1.50 and $1.30 on the XRP/USDT chart. He notes that this area aligns with prior support levels and a fair-value gap that historically has attracted buyers during market resets.
Currently trading at $1.42, #XRP sits within Patel’s first accumulation range. However, he does not recommend aggressive entries at this level. Instead, he suggests gradual accumulation as strong retracements often take time to form durable bottoms.
Deeper Pullback Could Open Larger Opportunity
Patel also outlines a secondary scenario if selling pressure continues. A breakdown below $1.30 could push XRP’s price into a lower demand zone between $0.90 and $0.70, which he describes as a potential “maximum opportunity” for long-term positioning.
From a technical standpoint, this lower range overlaps with a previous accumulation zone that served as a launchpad for strong upside moves during past market cycles.

The High Price XRP Could Target After a Breakout
Despite the near-term correction, Patel maintains a long-term price target for XRP in the double-digit range. He argues that XRP could bounce to $10 after the bearish trend fully plays out.
He says buying during deep dips offers better risk-reward than chasing prices near highs. “If the long-term target is $10, entries around $1.50 to $1 during hard dips provide much larger upside potential,” he explained.
Analyst Points to Prior 600% XRP Rally
Patel also referenced his previous XRP call during the last bear market, when he highlighted an accumulation zone near $0.50. Following that setup, XRP eventually rallied to $3.66, delivering gains of over 600%.
Ultimately, with XRP trying to stabilize after a major drawdown, he believes patience will be key, as new buyers could face more dips before the next explosive uptrend, similar to the one seen from November 2024 to January 2025.
What Other Analysts Say: “It’s a Process”
Technical analyst The Great Martis says XRP’s ongoing decline could continue until it reaches $0.50—a drop of 83% from its peak. “It’s a process; let it process,” he said, stressing that the current phase is corrective following the explosive pump in 2024–2025.
On the other hand, CryptoBull sees a prolonged accumulation phase leading to $11 first and potentially as high as $70 over the years if historical patterns repeat.
#CryptonewswithJack