Cardano’s ADA shows technical buy signals despite recent declines, while XRP whales accumulate hundreds of millions in tokens. Bitcoin faces contradictory pressures as spot ETF flows turn negative, leading some analysts to predict a potential drop toward $50,000.
Technical indicators suggest Cardano’s ADA could be poised for a rebound after a 3% weekly decline. Analyst Ali Martinez noted the TD Sequential indicator signaled a buy, with a weekly close above $0.23 potentially targeting $0.32 to $0.37.
ADA’s Relative Strength Index has also dipped near oversold levels on a weekly scale. This technical setup often precedes a buying opportunity for traders monitoring the asset.
Ripple’s XRP saw modest weekly gains, trading near $1.44. On-chain activity shows whales purchased 200 million tokens valued at nearly $300 million over two weeks.
This substantial accumulation reduces available supply and is viewed as a bullish signal. Martinez previously forecasted a potential rise to $1.85 following a brief price jump to $1.60.
Bitcoin recently retreated below $70,000 after failing to hold a six-week high near $76,000. Some analysts now predict further declines in the current cycle.
X user Leshka.eth envisioned a drop to $53,000 this summer, while another analyst suggested a possible nosedive to $46,760. Supporting this cautious outlook, spot BTC ETF flows have recently turned negative, indicating fading institutional appetite.
