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Cardano (ADA) finds itself at a key technical moment, where it grapples with a prolonged resistance zone that has largely defined its market behavior since December 2024. Priced near $0.6811 at press time (early April 2), ADA has seen an 11.03% decline over the past seven days, despite a small 0.44% gain in the last 24 hours. Its market cap stands near $24.5 billion with recent daily trading volume exceeding $620 million. Cardano’s price action over the past few months showed a pattern involving failed breakout attempts and subsequent pullbacks near significant overhead price levels. According to Dan Gambardello, a known crypto analyst, ADA’s current position is at a critical technical juncture. The resistance level he identifies between $0.72 and $1.24 is proving to be a major barrier for bulls currently. Gambardello suggests that once ADA manages to break decisively above the $0.72 mark, the path toward the $1.24 upper target becomes much clearer technically. Such a move could signal the beginning of a new sustained bull market phase for Cardano. However, the price remains in consolidation mode below resistance until such a decisive breakout actually occurs. Related: Cardano Founder to Share Stage with Donald Trump Jr. at Crypto Panel Moreover, Cardano’s support structure is holding steady for now, with both the 100 EMA (blue) and 200 EMA (light blue) acting as key areas of price stability. These moving averages have proven to be reliable support levels during this consolidation phase. The most recent daily price candle shows a slight bullish reversal attempt initiating from support levels. However, traders likely need confirmation of a clear breakout above the $0.72 resistance area for the rally to gain significant upward momentum. Despite some tentatively positive chart signs like holding EMA support, Cardano’s price action remains under pressure. This appears partly due to significant recent selling activity observed on the blockchain. On-chain data from Santiment, highlighted earlier by analyst Ali Martinez, revealed whales recently sold off approximately 200 million ADA tokens. This large selling volume has likely been a key factor preventing a stronger price recovery for ADA so far. Historical data often suggests such large whale transaction flows can trigger further downward price momentum, unless strong new buying pressure quickly emerges to absorb the selling effect. Related: Hoskinson to Cardano Critics: Where’s the Proof of “No Achievements”? Currently, Cardano’s price hovers near the $0.68 mark. Importantly, it holds above the crucial $0.60 longer-term support level also watched by Martinez. If ADA fails to reclaim the $0.70 to $0.80 range relatively soon, Martinez previously warned it could potentially see a sharp decline, possibly falling toward his identified $0.31 technical downside target. However, ADA’s current resilience above the $0.60 support level suggests a price recovery remains technically possible, provided significant buying interest returns to the market soon. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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🚨 HBAR Market Update – Key Resistance & Potential Breakdown 🚨 📉 Hedera Hashgraph (HBAR) is forming a descending wedge pattern, typically seen as a bullish reversal signal. However, historical trends in crypto suggest these patterns often break downward. Market Overview 💰 Current Resistance: $0.173 - $0.191 📉 Downside Targets: $0.128 - $0.127 🔵 Current Trend: Bearish (Wave 4 Correction) Key Scenarios 📌 Blue Scenario (More Probable): HBAR remains below resistance ($0.173 - $0.191) Further downside expected toward $0.128 - $0.127 Gradual correction, not a direct drop 📌 White Scenario (Less Likely): If HBAR breaks above $0.191, expect a move toward $0.28 Would indicate a broader ABC correction, possibly shifting to bullish Trading Strategy 🔻 Bearish Case: If HBAR stays below resistance, short-term traders should anticipate lower lows. 📈 Bullish Case: A break above $0.191 would signal strength, potentially leading to $0.28. Final Thoughts ⚠️ HBAR is still in a correction phase, and the downtrend remains intact unless bulls reclaim $0.191. A retest of $0.128 - $0.127 seems likely before any potential reversal. 📢 Stay updated for the next market move! $HBAR

$IMT is gaining traction in the crypto market, with increasing trading activity on platforms like Bitget. Understanding its trading dynamics—liquidity, volatility, and future price trends—is crucial for both short-term traders and long-term investors. This analysis will break down these aspects to help traders optimize their strategies. 1️⃣ Liquidity Analysis: How Smooth Is Trading $IMT? Liquidity refers to how easily an asset can be bought or sold without causing significant price changes. High liquidity generally results in tighter bid-ask spreads and lower slippage, making trading more efficient. Assessing $IMT's Liquidity: Order Book Depth: A deep order book with large buy/sell orders indicates strong liquidity. Trading Volume: Higher daily trading volume suggests active market participation and easier order execution. Exchange Support: Availability on major exchanges like Bitget ensures accessibility and enhances liquidity. If $IMT experiences a surge in trading volume, its liquidity improves, making it more attractive to both retail and institutional traders. However, if liquidity is low, traders might experience high slippage, where the actual trade execution price differs significantly from the expected price. 2️⃣ Volatility: A Trader’s Opportunity or Risk? Volatility measures the price fluctuations of an asset over time. Crypto assets like $IMT tend to be highly volatile, presenting both risks and opportunities. Factors Driving $IMT's Volatility: 🔸 Market News & Hype: Any announcements related to $IMT’s development or partnerships can cause price spikes. 🔸 Bitcoin Correlation: If BTC moves sharply, it often affects altcoins like $IMT. 🔸 Whale Movements: Large trades by big holders can create sudden price swings. 🔸 Low Market Cap Impact: If $IMT is a low or mid-cap asset, smaller trades can lead to more significant price changes compared to blue-chip cryptos. How Traders Can Benefit from $IMT’s Volatility: Scalping: Short-term traders can capitalize on quick price movements for small, frequent profits. Swing Trading: Holding positions for days or weeks to take advantage of larger price trends. Stop-Loss & Take-Profit: Managing risk by setting predefined levels to exit trades. While volatility provides trading opportunities, risk management is essential to avoid large losses. 3️⃣ Future Trading Plans: Is $IMT Bullish or Bearish? The big question—what’s next for $IMT? Based on market analysis, we can consider both bullish and bearish scenarios. 🚀 Bullish Outlook: ✔️ High Buying Interest: If $IMT maintains strong volume and demand, it can continue its uptrend. ✔️ Breakout from Resistance Levels: If $IMT surpasses key price barriers, more traders will jump in. ✔️ Positive Market Sentiment: If the broader crypto market is bullish, $IMT can follow the trend. ✔️ Institutional Accumulation: If big investors accumulate $IMT, it signals confidence in long-term growth. 📉 Bearish Outlook: ❌ Profit-Taking Pullbacks: Traders locking in profits could lead to temporary corrections. ❌ Break Below Key Support: If $IMT falls under critical levels, selling pressure might increase. ❌ Market Uncertainty: If Bitcoin or the overall market turns bearish, it could impact $IMT. Optimal Trading Strategy Moving Forward ✅ Monitor liquidity trends to avoid slippage. ✅ Use volatility to execute profitable trades (scalping/swing trading). ✅ Watch key resistance & support levels for trade entries/exits. ✅ Stay updated on $IMT’s development news to gauge sentiment shifts. Conclusion $IMT offers exciting trading opportunities with its liquidity, volatility, and market dynamics. Traders should leverage market trends while managing risks effectively. Whether the next phase is bullish or bearish depends on liquidity sustainability, community sentiment, and broader market trends.$IMT