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KAVA is outperforming peers with rising buyer momentum and bullish on-chain indicators. If it breaks above $0.415, a rally to $0.44 may follow.
Bitcoin continues its uptrend, forming higher highs and lows. A 30% rally toward $109,000 could be next.Why Traders Are Watching $109K CloselyWhat to Expect Next
「I didn't intend to crash the stock market, but sometimes you have to take medicine to cure the illness.」
Ethereum has hit its lowest point since March 2023, driven by a plummeting ETH/BTC ratio and weakening demand. However, with an oversold RSI, a potential rebound might be in the cards.
Despite a sharp decline in cryptocurrency prices, experts are optimistic that this market dip mirrors the 2020 crash, potentially offering future opportunities for savvy investors.
Cardano (ADA) faces heightened bearish pressure after a death cross forms on its chart, signaling potential further price declines. With over $150 million in spot outflows, ADA could sink to $0.44 unless buying momentum returns.
- 09:32An address liquidated 9 million SPX worth approximately $3.88 million over the past 3 daysAccording to monitoring by on-chain analyst Onchain Lens, a crypto KOL oxvyz(@oxvyz) has completely sold 9 million SPX in the past 3 days for a total amount of $3.88 million, with an average selling price of $0.432 per SPX.
- 09:31Gibraltar Court Ends Two-Month Freeze on 542 Million PLAY Tokens in Legal DisputeThe Gibraltar Supreme Court recently lifted the freeze on 542 million PLAY tokens involved in a legal dispute between two affiliates of the Web3 gaming platform PLAY Network. Judge John Restano ruled on April 17 that continuing the freeze could damage the value of the tokens and that the plaintiff's evidence was insufficient. These tokens make up about two-thirds of the circulating supply and are currently valued at approximately $2.6 million, but have plummeted 97% since their listing in December last year.
- 09:31CryptoQuant: The selling pressure in the current market is still strong, and the rise driven by derivatives usually lacks sustainabilityCryptoQuant analyst Darkfost pointed out that the current market has seen the largest scale of growth in open contracts in 24 hours recently. Historically, derivatives-driven rises often lack sustainability. During the strong bull market stages in November and December 2024, open contract volumes grew by 16% and 15% respectively, with positive momentum from the spot market strongly supported by active trading on the derivatives market. However, this time prices only rose by 4.2%, while similar past events led to price increases of 10% and 7%. This difference suggests that there is still strong selling pressure in the current market.