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Cryptoreserve

Crypto summit disappoints, Bitcoin teeters on support Bitcoin surged on March 3 after Donald Trump announced a strategic crypto reserve, only to erase gains following erratic tariff announcements the following days. Friday’s White House crypto summit, expected to be a turning point, fell flat. Trump met with top crypto executives, promising to ease Biden-era regulations, but offered only vague commitments. Instead of rallying, the market has declined further. A silver lining for Bitcoin came with Friday’s weak jobs report, increasing the likelihood of Federal Reserve intervention. Historically, Bitcoin benefits when interest rates fall. Although this is yet to be reflected in the price. Technically, BTC/USD is testing the first support on the pitchfork indicator, with the money flow index suggesting no buying pressure at the moment. A drop below Monday’s low of $81,620 could invalidate any bullish outlook.
BLACKBULL:BTCUSD
by BlackBull_Markets
Phemex Analysis #64: Pro Tips to Trade Cardano (ADA)The cryptocurrency market was recently jolted by President Donald Trump's announcement on March 2, 2025, of the establishment of a U.S. "Crypto Strategic Reserve." This initiative aims to position the United States as the "crypto capital of the world" and includes major cryptocurrencies such as Bitcoin ( PHEMEX:BTCUSDT.P ), Ethereum ( PHEMEX:ETHUSDT.P ), Ripple ( PHEMEX:XRPUSDT.P ), Solana ( PHEMEX:SOLUSDT.P ), and notably, Cardano ( PHEMEX:ADAUSDT.P ). ​ The immediate market reaction was swift and dramatic. Cardano's price surged by over 78%, reaching a four-month high of $1.19 on March 3, 2025. However, this bullish momentum was short-lived, as ADA's price retraced to lowest $0.75 by March 4, reflecting a 36% decline from its recent peak. At the time of writing, ADA is trading at approximately $0.93, having bounced back 22% from its recent low of $0.75.​ In light of these developments, traders are exploring several possible scenarios for ADA's price movement: 1. Consolidation Phase After the initial surge and subsequent correction, ADA may enter a consolidation phase, trading within a range as the market digests the news and assesses its long-term implications. This period of sideways movement could present opportunities for traders to employ range-bound strategies, buying at support levels and selling at resistance.​ Pro Tips: Identify Key Levels: Determine the support levels ($0.75, $0.58 & $0.49) and resistance levels ($0.98, $1.19 & $1.32) to inform entry and exit points.​ 2. Renewed Bullish Momentum Should positive sentiment surrounding the Crypto Strategic Reserve persist, ADA could experience renewed buying pressure, leading to a potential breakout above recent highs. This scenario would likely be accompanied by increased trading volumes and heightened investor interest.​ Pro Tips: Breakout Confirmation: Wait for a confirmed breakout above the previous high of $1.19 with substantial volume before entering long positions.​ Risk Management: Set stop-loss orders below key support levels to protect against false breakouts.​ 3. Continued Downward Correction Conversely, if market sentiment shifts negatively or profit-taking intensifies, ADA could resume its downward trajectory, potentially testing lower support levels. Traders should be cautious of this scenario, especially if accompanied by broader market weakness.​ Pro Tips: Support Monitoring: Keep an eye on critical support levels, such as $0.75, $0.58 & $0.49 to identify potential buying opportunities or to exit existing positions.​ Market Correlation: Monitor the performance of major cryptocurrencies like BTC and ETH, as their movements often influence ADA's price action.​ Final Thoughts The recent announcement of the U.S. Crypto Strategic Reserve has injected significant volatility into the cryptocurrency markets, particularly affecting assets like Cardano. Traders should remain vigilant, employing robust risk management strategies and staying informed about broader market trends. By considering the potential scenarios outlined above, traders can better navigate ADA's price movements and capitalize on emerging opportunities.
by Phemex
1
TradeCityPro | XLM: Key Levels and Market Analysis👋 Welcome to TradeCity Pro! In this analysis, I want to review XLM for you. This coin is one of the U.S.-based crypto projects, and given the recent surge in news regarding crypto and the U.S., it could experience significant volatility, making it suitable for trading. 📅 Daily Timeframe On the daily timeframe, we can see a strong bullish leg that extended up to $0.5781 before entering a correction phase, forming a descending wedge. 🔍 At the moment, there is a very important support level close to the price. If $0.2827 is broken, we can expect a further correction toward the 0.5 or 0.618 Fibonacci retracement levels. Another key support level is at $0.1566. ⚡️ The $0.2827 zone is highly significant, as it overlaps with the 0.382 Fibonacci retracement, making it a crucial level. If the price finds support at this zone, we could see the next bullish leg begin. However, if this support is lost, the price could experience sharp downward movements. 🔼 For spot buying, the $0.3522 resistance has turned into a solid level, where the price has tested and rejected multiple times. If the wedge pattern and resistance break, you can enter a long position or consider spot buying. 🚀 The next resistance levels are $0.4896 and $0.5781. The ATH at $0.7791 is a major supply zone. 📊 In the next few days, pay close attention to volume. A rise in volume before a breakout could indicate an imminent move. ⏳ 4-Hour Timeframe On the 4-hour timeframe, we can observe price action in more detail. There is strong resistance at $0.3522, where the price was rejected, leading to significant bearish momentum. ✅ Currently, the price is reacting to the $0.2817 zone, and after seven consecutive red candles, a green candle has formed. Previously, the price faked a breakout at this level, and now it has retested this zone again. 🔽 If $0.2817 is broken, a short position can be opened, with the next support at $0.2368. For long positions, wait until the price forms a structure and the $0.3102 trigger level is confirmed. The main long trigger will be a breakout above $0.3522. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
4
Trump Fuels Crypto Rally with Strategic Reserve. What’s Inside?The lines are finally rocketing upward! Bored crypto traders suddenly turned into hyperventilating market mavens after Donald Trump on Sunday unveiled the creation of a “strategic crypto reserve.” Names were named and those names pumped by 10% or more as enthusiastic buyers couldn’t get enough of them. Here’s who made the short list: Bitcoin BITSTAMP:BTCUSD Ethereum BITSTAMP:ETHUSD XRP BITSTAMP:XRPUSD Solana COINBASE:SOLUSD Cardano COINBASE:ADAUSD These five made the cut as the only blue-chip tokens worthy to be recognized by the White House’s crypto working group, which finally got something out after staying tight-lipped for weeks. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” Trump said on Truth Social . “I will make sure the U.S. is the Crypto Capital of the World.” “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve,” he said in a follow-up post . “I also love Bitcoin and Ethereum!” Cardano’s token was the biggest gainer moments after the announcement, pumping more than 60% to cross the dollar mark. XRP soared more than 30% to eclipse $2.80 and Solana followed up with a 20% advance to $170 a pop. Bitcoin and Ethereum, the two heavyweights of the crypto world , climbed 10% and 12%, respectively. Let’s break down what all this means. A key thing to note is that Trump changed the wording from a crypto “stockpile” to a crypto “reserve.” A reserve would imply that the US government will be collecting, i.e. buying, digital assets for the purpose of holding them right next to its other reserves like gold XAUUSD . The US holds about $770 billion worth of gold. No proportions, weighting or targets have been announced for the crypto reserve. But this Friday Trump will be hosting the first-ever crypto venue in the White House. The White House Crypto Summit will be chaired by the administration’s AI and Crypto Czar David Sacks and will feature a speech by the President. Traders and investors will most likely be glued to the screens for any signs of government adoption and warm legislation. Obviously, the White House getting involved with crypto is a big deal and perhaps even a watershed moment. But crypto is notoriously volatile and the good (or bad?) old market adage “buy the rumor, sell the news” might hold true more times than traders want to admit. Do you expect this news to be the start of a new upside swing for crypto? Or is it another frothy move that would soon fizzle? Share your thoughts in the comments!
BITSTAMP:BTCUSD
by TradingView
69
TradeCityPro | XRP: Key Levels After Major Market News👋 Welcome to TradeCity Pro! In this analysis, I want to review XRP, one of the most significant coins in the market. Yesterday, a major news update was released about XRP, and with a market cap of $156 billion, it currently ranks 3rd on CoinMarketCap. 📰 Important News Update Before starting the analysis, let’s go over the major news regarding this project. Yesterday, former U.S. President Donald Trump tweeted that he plans to add a crypto reserve to the U.S. Treasury, stating that major cryptocurrencies like BTC, ETH, SOL, ADA, and XRP would be purchased by the U.S. Treasury. ✅ This is extremely bullish news for the market. As we saw yesterday, Bitcoin made a strong, sharp move, and the altcoins listed in the announcement also experienced massive price surges. For example, XRP surged by 30% following the news. 💥 I will discuss Bitcoin and other coins in future analyses, so make sure to check out today’s Bitcoin analysis, where I’ll also cover long-term scenarios. 📅 Weekly Timeframe On the weekly timeframe, as seen on the chart, after bouncing along the ascending trendline, XRP confirmed its breakout above $0.73056, which initiated the main bullish leg, pushing the price up to $3.06717. 🧩 $3.06717 is the all-time high (ATH) and a major supply zone.If XRP can hold above this level, the next bullish leg could begin. ✨ In the event of a correction, the only key support visible on the weekly timeframe is $1.67220. For further support levels, we need to analyze lower timeframes. 🔍 The RSI oscillator has exited the overbought zone and returned to normal levels.If RSI re-enters overbought conditions, the bullish scenario becomes more likely. 📅 Daily Timeframe On the daily timeframe, the first key observation is a strong bearish divergence on the RSI, which formed as price moved sideways inside the range between $2.02967 and $3.30467. ⚡️ The trigger for this divergence is a break below $2.02967, which has not yet happened. Looking at market volume, after the $0.72448 breakout, volume significantly increased. However, volume has been gradually decreasing since the formation of the range. 📊 A drop in volume before a breakout often signals that a breakout is approaching.If volume continues to decline, be prepared for a potential breakout and enter positions accordingly once triggers are confirmed. 📉 If the range breaks downward, and the PRZ at $2.02967 is lost, XRP could enter a deeper correction toward key Fibonacci levels such as 0.382, 0.5, and 0.618. 💫 These three Fibonacci levels are strong support zones, which could prevent a further sell-off. 📈 On the bullish side, if the range breaks to the upside, a new bullish leg will begin, pushing XRP toward higher targets.If this bullish breakout happens, I will update the analysis with potential new targets. ⏳ 4-Hour Timeframe Let’s now analyze the 4-hour timeframe and identify futures trading triggers. 🔍 After the drop from the $3.36021 peak, the price reached the bottom of the range, and market volume significantly decreased.This signaled that a major move was approaching. 🔑 As seen on the chart, the release of the U.S. Treasury Crypto Reserve news triggered an explosive move, pushing XRP up to $2.95244. 🔽 For futures trading, the closest short trigger is a break below $2.30010.For earlier short entries, we need to wait for a new structure to form. 🛒 For long positions, if $2.95244 is broken, a long entry can be considered.The main resistance for spot buying and the key long position trigger is at $3.36021. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the com
BITSTAMP:XRPUSDLong
by tradecitypro
32