Crypto World
Cardano Foundation Cancels Conference After Failed DAO Vote
The Cardano Foundation has canceled its 2026 annual conference after its governance community shot down a revised proposal seeking to fund the event with treasury tokens.
“Governance requires not only participation, but also a commitment to accept collective decisions. The Cardano community has spoken and we respect the outcome,” the foundation posted to X on Saturday after voting closed on Friday.
The proposal sought to use 7.8 million Cardano (ADA) tokens worth $1.84 million to fund the event. 65.2% of votes were cast in favor of the proposal, which was just short of the 66.67% threshold needed to pass.

Source: Cardano Foundation
The conference, called the Cardano Summit, was scheduled to take place on Oct. 5 and 6 in Singapore.
135 voters were in favor of proceeding with the event, while 61 were against and 24 abstained.
The vote follows a months-long dispute between Cardano founder Charles Hoskinson and many so-called Delegated Representatives (DReps), who have pushed for tighter spending from the foundation’s treasury.
The DReps, which are people or organizations that ADA holders can delegate their voting power to, voted against a similar proposal on May 9 that sought to use about 14 million ADA tokens to fund the event.
Only 10% of DReps voted in favor of that proposal, prompting the foundation to lower the requested funding amount under a new proposal.
Despite the cancellation, EMURGO, the investment and commercial arm behind the Cardano blockchain, passed a proposal to represent the Cardano ecosystem at the TOKEN2049 conference in Singapore on Oct. 7 and 8.
Related: Cardano can now be used to pay at 137 Spar stores across Switzerland
Hoskinson is gauging interest in the possibility of scaling up the booth at TOKEN2049 and hosting an “embedded MiniSummit.”
The Cardano token has a market capitalization of $8.8 billion, but the network has less than $129 million in total value locked on the protocol, ranking 28th among blockchains.
The Cardano network has made $356,400 in network fees so far in 2026, a fraction of the $8.35 million it recorded in 2022.
Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies?
Crypto World
How the World Cup is driving XRP into global payments, and how XRPPower helps users earn $4,770 daily
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
With the 2026 FIFA World Cup approaching, digital payments rise as XRP gains attention for cross-border utility.
Summary
- As the 2026 World Cup drives global attention to digital payments, XRP gains focus for real-world cross-border use.
- XRPPower uses on-chain verification, AI risk control, and enterprise audits to improve transparency, security, trust.
- XRPPower’s AI-driven XRP/BTC Smart Participation Model targets long-term value and passive income opportunities.
With the 2026 FIFA World Cup drawing global attention, digital payments and cross-border finance have once again become market focal points. Leveraging its advantages in global payments, XRP is gaining increasing recognition from institutions and users, and market focus is gradually shifting from short-term price fluctuations to its practical application value.
Simultaneously, more and more users are seeking participation methods that don’t entirely rely on market fluctuations, hoping to achieve long-term value through a smarter, more efficient digital ecosystem.
In response to this trend, XRPPower has launched the XRP/BTC Smart Participation Model, combining artificial intelligence technology with the digital asset ecosystem to provide users with a more convenient digital experience and help more XRP holders explore new opportunities for passive income in the digital finance era.
Why users are paying attention to XRPPower’s AI-powered smart ecosystem
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About XRPPower
XRPPower is a platform focused on artificial intelligence, digital asset ecosystem, and intelligent technology services. With its secure, transparent, and compliant operating philosophy, along with its continuously upgraded technical architecture and global service network, the platform has covered 189 countries and regions worldwide, accumulating over 3 million users.
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XRPPower is actively driving digital ecosystem innovation, providing global users with a safer, smarter, and more efficient digital service experience.
For more information, visit the official website.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Crypto World
Kraken launches crypto perpetual futures for eligible U.S. traders
Kraken has launched perpetual futures for eligible U.S. clients through a CFTC-regulated venue, bringing a product that generated more than $60 trillion in global crypto trading volume in 2025 onto its U.S. platform.
Summary
- Kraken has launched perpetual futures for eligible U.S. clients through its CFTC regulated derivatives business, Bitnomial.
- U.S. traders can now access spot, margin, futures and perpetual contracts from a single Kraken Pro account.
- The launch follows recent regulatory approvals that have brought crypto perpetual futures products back into the U.S. market.
According to a June 15 announcement from Kraken, eligible U.S. users can now trade perpetual futures on Kraken Pro alongside spot, margin and traditional futures products, allowing them to manage multiple trading strategies within a single account.
Perpetual futures have become the dominant product in crypto derivatives markets because they trade continuously and do not expire. Industry data cited by crypto.news previously showed perpetual contracts accounted for $61.7 trillion in trading volume during 2025, making up most activity across the sector.
Unlike traditional futures contracts that settle on a specific date, perpetuals allow traders to maintain positions indefinitely while funding payments help keep prices aligned with the underlying asset.
Kraken brings perpetual futures onshore through Bitnomial acquisition
Central to the launch is Kraken’s acquisition of Bitnomial, a CFTC-licensed derivatives platform purchased earlier this year by parent company Payward.
Kraken said Bitnomial holds exchange, clearinghouse and brokerage licenses, enabling the company to offer perpetual futures to eligible U.S. clients within the CFTC’s regulatory framework. Through the integration, traders can use the same collateral pool across perpetual futures and other derivatives positions rather than moving assets between separate venues.
Arjun Sethi, co-CEO of Payward and Kraken, said the exchange’s objective was to place spot, margin, futures and perpetual contracts within a single account structure so traders do not need to spread capital across multiple platforms.
John Palmer, Kraken’s global head of derivatives, said traders previously faced operational challenges because perpetual futures and other positions often had to be managed on different venues. He said Kraken’s new setup allows clients to access both from one account and through a single counterparty.
The launch comes days after rival exchange Coinbase announced approval to provide access to global crypto perpetual futures liquidity for U.S. users.
As reported by crypto.news on June 11, Coinbase CEO Brian Armstrong said the approval would allow American traders to access a market that had largely developed outside the United States due to regulatory restrictions. Coinbase also stated that its structure would connect domestic users to global liquidity through Deribit, the derivatives exchange it acquired earlier this year for $2.9 billion.
Both developments arrive as U.S. regulators have begun allowing regulated access to products that were historically concentrated on offshore platforms, giving domestic traders new ways to participate in crypto derivatives markets while remaining within U.S. compliance requirements.
Crypto World
August recess emerges as new target for Clarity Act passage
The odds of securing a July 4 signing for the CLARITY Act have narrowed, with lawmakers, industry groups, and market observers increasingly turning their attention to the August recess.
Summary
- Many lawmakers and industry participants now see the August recess as a more realistic target for the CLARITY Act than July 4.
- Unresolved ethics negotiations and Senate procedural hurdles continue to slow the bill’s progress.
- Coinbase, Ripple, and other industry groups remain supportive as momentum for the legislation continues.
According to reporting from Crypto In America, many policymakers and industry participants now view August as the more realistic benchmark for advancing the Digital Asset Market Clarity Act, despite continued support from the White House for an Independence Day deadline.
At Consensus Miami in May, White House Crypto Council Executive Director Patrick Witt said the administration was working toward passage by July 4, describing the legislation as a potential birthday gift for the United States as it prepares to celebrate its 250th anniversary.
Witt reiterated that optimism in comments to crypto journalist Eleanor Terrett on Friday, citing ongoing efforts to resolve Agriculture Committee language, negotiate ethics provisions with Democrats, and address law enforcement concerns tied to illicit finance measures.
Yet the legislative path remains demanding. As outlined by Terrett on Monday, the Senate must still merge separate versions approved by the Banking and Agriculture Committees, secure 60 votes to advance debate, clear additional cloture votes on amendments, and pass the final measure before sending it to the House for approval of any Senate changes.
Limited Senate calendar complicates July target
Legislative timing has become one of the biggest obstacles facing the bill.
“But even if all of those outstanding issues were resolved this week, there simply isn’t enough time left on the legislative calendar to make a July 4 signing logistically possible,” Terrett wrote on Monday.
According to prediction market platform Polymarket, the odds of the CLARITY Act becoming law in 2026 have fallen to 53%, down from about 75% in May.

The timeline has become more challenging because several negotiations remain unfinished. According to Crypto In America, talks over ethics provisions sought by Democrats have been difficult, while other policy questions continue to be debated between lawmakers.
Senator Cynthia Lummis of Wyoming, one of the bill’s leading architects, previously told Terrett’s newsletter that combining the committee proposals, ethics language, and related changes tied to the GENIUS Act into a single package and obtaining the required 60 votes could take longer than the July 4 target allows.
The legislation has nevertheless made measurable progress. The Senate Banking Committee advanced the bill with bipartisan backing, while two Democratic members supported the measure on the condition that stronger ethics safeguards linked to President Donald Trump were incorporated into the final text.
Industry support remains strong despite delays
The CLARITY Act remains one of the most significant crypto market structure proposals considered by Congress. The legislation would establish clearer jurisdictional boundaries for digital assets, placing decentralized cryptocurrencies such as Bitcoin and Ethereum under the oversight of the Commodity Futures Trading Commission while leaving qualifying securities under securities regulators.
Beyond market classification, the bill contains provisions covering stablecoins, anti-money laundering compliance, decentralized finance activities, and blockchain validators. As reported by crypto.news earlier, more than 200 crypto organizations, including Coinbase and Ripple, recently urged lawmakers to advance the legislation.
Additional pressure comes from competing congressional priorities. According to Crypto In America, lawmakers must also address a bipartisan housing package, the nomination of former SEC Chair Jay Clayton as Director of National Intelligence, and the reauthorization of FISA Section 702.
Despite the delays, some observers believe the bill retains enough political support to continue moving forward. Adam Minehardt of the Hyperliquid Policy Center told Crypto In America that the amount of political capital already invested in the legislation makes it unlikely to disappear from the congressional agenda, even if the July 4 target is missed.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
Blockchain Association Takes BRCA Preservation Fight to the Senate Floor

The Blockchain Association brought member executives to Capitol Hill this week and reported meeting with more than half the Senate, pressing lawmakers to preserve a key developer-protection provision of the Digital Asset Market CLARITY Act before an August recess deadline tightens the floor-vote… Read the full story at The Defiant
Crypto World
Anthropic hit with lawsuit as Claude usage promises questioned
Anthropic has been hit with a proposed class-action lawsuit alleging that subscribers paying up to $200 per month for premium Claude plans have received significantly less usage than the company’s marketing materials suggested.
Summary
- Anthropic faces a proposed class-action lawsuit alleging its Claude Max subscription plans provide less usage than advertised.
- Plaintiff Karl Kahn claims premium subscribers encounter restrictive usage caps that disrupt coding and development work.
- The lawsuit arrives shortly after Anthropic’s Fable 5 and Mythos 5 shutdowns, adding to scrutiny surrounding the AI company.
According to a complaint filed Monday in the U.S. District Court for the Northern District of California, Washington, D.C. resident Karl Kahn is seeking class-action status on behalf of customers who have paid for Anthropic’s higher-tier Claude subscriptions since April 2024.
The filing argues that the company’s Max 5x and Max 20x plans do not provide the level of access many users would reasonably expect from their advertised terms.
At the center of the dispute are Anthropic’s premium subscription tiers, which cost $100 and $200 per month. According to the lawsuit, the company promotes those plans as offering five times and 20 times the usage available under its standard Pro subscription.
The complaint alleges that the actual limits imposed on subscribers fall well below those advertised multipliers and are difficult for customers to predict before reaching usage caps.
Kahn claims he upgraded to the Max 20x plan after increasing his use of Claude for software development and coding tasks. According to the filing, a single five-hour work session consumed roughly 15% of his weekly allowance.
The lawsuit argues that such restrictions forced subscribers to either stop working, ration their usage, or purchase additional access to complete projects.
The complaint focuses on premium subscription limits
Supporting its claims, the lawsuit references emails Anthropic allegedly sent to subscribers in July 2025. According to the complaint, those communications outlined expected weekly usage allowances across different Claude models and subscription tiers.
The plaintiff argues that those disclosures demonstrate a gap between how the plans were marketed and the access ultimately provided.
As a result, the filing asks the court to determine that Anthropic’s marketing practices were misleading or fraudulent and seeks relief for affected subscribers. The case arrives as the company continues to attract investor attention ahead of a widely anticipated public offering.
Legal scrutiny is not limited to Anthropic. Recently, OpenAI faced a multistate investigation related to alleged consumer harm connected to ChatGPT. The probe gained attention because it emerged shortly after reports that OpenAI had confidentially filed paperwork related to a potential IPO.
Anthropic faces pressure from multiple fronts
The lawsuit adds another challenge for Anthropic only days after the company drew attention for a separate controversy involving access to its advanced AI models.
As previously reported by crypto.news, Anthropic suspended access to its Fable 5 and Mythos 5 models after complying with a U.S. government directive tied to export controls.
According to Anthropic, the order required restrictions on foreign nationals, including foreign-national employees located both inside and outside the United States. To comply, the company disabled access to both models while keeping other Claude models available.
Commenting on that decision, CoinFund founder Jake Brukhman argued recently that advanced AI models have become key points of centralized control.
According to Brukhman, decentralized AI networks are attracting interest because access to large-scale computing resources can be distributed rather than concentrated within a small number of companies.
Brukhman cited projects including Gensyn, Prime Intellect, Bagel, Pluralis, Nous Research, Macrocosmos AI, and Covenant as examples of teams working on distributed AI training systems. According to his post, those efforts suggest decentralized training can compete with centralized approaches, although technical challenges remain.
Meanwhile, the newly filed lawsuit places Anthropic’s subscription business under a different form of scrutiny as the company navigates both regulatory and consumer-facing disputes.
Crypto World
Thetanuts Finance: $2.1M Attack, Partial White-Hat Recovery

The on-chain options and structured product protocol Thetanuts Finance was exploited for $2.1 million. Security firm Blockaid published the exploit transaction and exploiter address shortly after the attack. A white-hat intervened and recovered approximately $2 million of the stolen option tokens…. Read the full story at The Defiant
Crypto World
Bitcoin Buyers are Back, But They Could be Walking Into a Trap at $67,000
Bitcoin (BTC) has reclaimed roughly $67,000 after the June flush toward $60,000, and on-chain data shows real buyers stepping in. Yet the recovery in Bitcoin price is climbing into an options structure that tends to amplify volatility rather than calm it.
The trade case for a low rests on returning demand. The skeptical case rests on where that demand is showing up. Right now, the second case has the stronger evidence.
On-Chain Bitcoin Buyers Returned as BTC Fell Toward $60,000
The Accumulation Trend Score measures the relative size of wallets adding to their holdings. Readings near 1 point to broad accumulation. Readings near 0 point to the distribution.
As price slid into the $60,000 zone in early June, the score shifted toward accumulation across cohorts. Falling prices met rising on-chain demand instead of fresh panic selling.
The rebound since then has been sharp. Bitcoin rose by mid-single digits in a single session off the low, after sliding about 15% over the prior month. That speed is part of why the bounce looks convincing on the surface.
That pattern fits a classic buy-the-dip response. Large and small wallets both leaned in at lower levels. A parallel decline in exchange balances suggests buyers are moving coins into custody rather than preparing to sell.
Why Returning Demand Does Not Confirm a Bottom
Returning demand is necessary for a durable low. However, it is not sufficient on its own. The same score flashed accumulation several times during the prior decline.
The metric reads who is buying, not whether they are early. Distribution also dominated the entire 2025 climb into the highs. That selling into strength did not stop the eventual drop.
Forced liquidations also amplified the early-June move. A wave of stop-outs can exaggerate both the fall and the snapback. As a result, part of the bounce reflects mechanical short covering rather than fresh conviction.
On-chain bottom calls have misfired earlier this cycle, as recent signal-driven analysis has shown. A buy-the-dip reflex can persist for weeks while the price keeps grinding lower. Demand alone rarely marks the exact turn.
Deribit Options Positioning Sits in the Wrong Zone
Gamma exposure tracks how options dealers must hedge as prices move. In positive gamma, dealers buy weakness and sell strength, which dampens volatility. In negative gamma, they do the opposite, which sharpens moves in both directions.
On the Deribit heatmap, the dense cluster around $67,000 reads negative. Dealers positioned there tend to sell into dips and chase rallies. That makes a clean, calm recovery less likely while the price sits inside the band.
The calmer, positive-gamma zone sits higher, near $80,000 to $85,000. In other words, Bitcoin is bouncing into the destabilizing pocket while the stabilizing one remains well above the current price.
A dense strike can still pin price near expiry, so the cluster may slow the tape at times. Even so, the sign of the exposure leans toward sharper swings rather than a gentle floor.
The same positive gamma band overhead also acts as a brake on rallies. Dealers selling strength there would lean against the price as it climbs toward $80,000. So, the zone that brings stability also brings resistance.
Bitcoin Price Levels That Decide the Next Move
Three levels frame the read. The $60,000 area (green zone) marks the recent low and the floor that accumulation must defend. A clean loss there would undercut the demand story and the prevailing support thesis.
The $67,000 cluster is the volatility pivot (lower red zone). While price churns inside it, sharp two-way swings stay more likely than a steady grind higher.
Reaching the $75,000 –$80,000 band (the higher red zone) would mark the real shift. That zone is where positive gamma starts to cushion moves.
A reclaim there would give the skeptical case a clear reason to soften, and it would align with the more constructive June prediction scenarios.
The Bottom Line for Bitcoin Buyers
Demand is real, but it is not a green light. On-chain accumulation tells traders that buyers have shown up, not that the low is in.
Until Bitcoin trades back above the zone that actually calms volatility, the safer read is to treat this bounce as fragile. The setup could resolve higher, yet the options structure suggests patience over conviction for now.
The post Bitcoin Buyers are Back, But They Could be Walking Into a Trap at $67,000 appeared first on BeInCrypto.
Crypto World
Kraken and Coinbase Bring Perps Onshore as US Derivatives Markets Shift

Kraken and Coinbase each launched new perpetual futures products on Monday, marking the broadest single-day expansion of US-regulated derivatives in the crypto era. Kraken activated CFTC-regulated perpetual futures for eligible US clients through Bitnomial, a crypto derivatives exchange owned by… Read the full story at The Defiant
Crypto World
MediaTek’s AI Pivot and Google’s Samsung Partnership: Inside the TSMC Capacity Squeeze
Key Takeaways
- MediaTek is pivoting from traditional chip design to comprehensive system-level AI hardware solutions, pursuing opportunities with Google’s TPU and AI infrastructure projects linked to Elon Musk’s ventures.
- TF International Securities analyst Ming-Chi Kuo notes this strategic transformation won’t significantly affect MediaTek’s financials in the immediate two-year window but establishes groundwork for future expansion.
- Google is pursuing discussions with Samsung for manufacturing components of its upcoming AI processor, designated Icefish, as TSMC faces capacity constraints.
- The Google-Samsung negotiations underscore the intense competition for advanced AI chip fabrication, forcing even premium clients to seek alternative manufacturing partners.
- MediaTek’s expansion into system-level solutions aims for 40–50% gross margins using an asset-light approach, outsourcing production while maintaining control over design and quality assurance.
MediaTek is undertaking a significant transformation in its artificial intelligence business model, moving beyond traditional semiconductor design toward comprehensive system-level hardware solutions. The Taiwanese technology firm is pursuing two strategic opportunities: managing printed circuit board assembly for Google’s Tensor Processing Unit and developing rack-level infrastructure for AI companies associated with Elon Musk.
According to Ming-Chi Kuo from TF International Securities, this strategic realignment represents a fundamental business evolution rather than a short-term revenue initiative.
“MediaTek has elevated its AI business strategy from integrated circuit and application-specific integrated circuit design to comprehensive system-level design,” Kuo explained. He emphasized the transition carries “minimal impact on core business fundamentals through the next 24 months.”
Dual-Track Approach: Pursuing Google and Musk-Connected Ventures
These two strategic pathways present distinct characteristics and challenges. Google operates an established and mature hardware manufacturing network, making MediaTek’s prospects for securing premium rack-level integration contracts somewhat limited.
MediaTek’s more viable entry into Google’s ecosystem lies at the circuit board level, beginning with the tenth-generation TPU processor codenamed Icefish.
The opportunity with Musk-affiliated enterprises presents a contrasting scenario. These organizations are currently developing proprietary AI processors at commercial scale, and their rack assembly infrastructure remains in nascent stages.
“This represents MediaTek’s strategic window,” Kuo stated. He emphasized that sustained success hinges on MediaTek capitalizing on Taiwan’s robust hardware manufacturing ecosystem and its collaboration with Terafab, while acknowledging the initiative “currently lacks definitive timeline clarity.”
MediaTek’s financial model for this segment targets gross profit margins between 40% and 50% by maintaining leadership in design and validation processes while delegating actual manufacturing to third parties, ensuring operational efficiency.
Google Explores Samsung Partnership Amid TSMC Production Constraints
Simultaneously, Google is reportedly negotiating with Samsung to produce a memory input-output component for the Icefish processor. TSMC would continue manufacturing the primary computational core utilizing its cutting-edge 1.4-nanometer fabrication technology.
Wedbush Securities analysts suggest the Samsung discussions primarily stem from constrained manufacturing capacity at TSMC rather than signaling dissatisfaction with their services. Essentially, the extraordinary demand for advanced AI semiconductor production has reached levels where even flagship customers like Google must diversify their manufacturing partnerships.
Employing Samsung introduces operational complexities. Distributing chip fabrication across multiple foundries increases coordination challenges and potentially impacts production yields and economic efficiency.
For Google, the objective centers on guaranteeing adequate supply to support expanding AI infrastructure requirements. For Samsung, this opportunity represents a pathway to secure additional high-value foundry contracts.
Kuo’s broader analysis suggests MediaTek’s current ASIC chip design operations may experience deceleration within two to three years as the semiconductor industry transitions toward emerging architectures. This potential headwind underscores why the system-level expansion represents a strategic imperative, despite contributing minimal near-term revenue growth.
The most significant near-term indicator will be whether MediaTek secures qualification contracts for the TPU v10 Icefish processor. Regarding the Musk-affiliated ventures, specific implementation timelines remain undefined.
Crypto World
FIFA World Cup Push Lifts Avalanche Adoption: Will AVAX Price Rally?
FIFA is running ticketing, loyalty, and digital collectibles for the 2026 World Cup on a custom Avalanche blockchain. The adoption story arrives as Avalanche (AVAX) posts its first bullish signal in a month.
The token climbed nearly 8% in 24 hours. That move tracks a broader recovery in crypto sentiment, yet the World Cup hands Avalanche a fresh real-world hook that few rivals can match this summer.
FIFA’s World Cup Push Runs on Avalanche
FIFA announced its dedicated Avalanche blockchain in May 2025. The network is a custom Layer 1 built for digital collectibles and global-scale fan engagement.
The first step was migrating FIFA Collect, the official collectibles platform, to the new chain. Technology partner Modex leads development of the marketplace.
Right-to-Ticket collectibles now grant verified access to official 2026 World Cup match tickets. Holders convert them through a dedicated portal up to three days before each match.
Ava Labs President John Wu has confirmed the scope of the integration in recent interviews.
“We’re super excited that FIFA and the World Cup that’s coming this summer is doing their loyalty and the right to buy tickets and ticket platform on an Avalanche blockchain,” John Wu, Ava Labs president.
Follow us on X to get the latest news as it happens
Adoption Meets a Sentiment Recovery
Avalanche has already seen a surge in new users tied to the FIFA partnership and rising institutional interest.
On-chain activity picked up again as Right-to-Ticket redemptions went live during the tournament.
Still, the latest price move owes much to improving market-wide sentiment. AVAX had fallen more than 24% over the past 30 days before this week’s bounce.
The FIFA link does give Avalanche a marketing advantage among World Cup crypto coins. However, whether that translates into lasting demand for the token remains to be seen.
AVAX Price Outlook
The Avalanche price is trading near $7.07 as it consolidates within a falling wedge pattern that capped price action since early 2026.
However, the falling wedge is a bullish reversal pattern in technical analysis. The target objective is determined by measuring the technical formation’s maximum height and superimposing it at the expected breakout point.
With price now challenging the 50-day EMA cluster near $7.44, immediate support rests at the lower boundary of the technical formation at $6.22.
Increased buyer momentum above current levels would see the AVAX price test the 50-day EMA before confronting the confluence resistance between the 100-day EMA and the upper boundary of the falling wedge at $8.29.
A confirmed move above this level could activate the 49% rally, with the AVAX price potentially extending gains to $13.08.
Based on the volume profiles (green horizontal bars), bulls are waiting to interact with the Avalanche price above the falling wedge, adding credence to the prospective 49% climb.
The Relative Strength Index (RSI) trajectory also shows growing momentum, with the bullish crossover above its signal line (yellow) indicating a green signal for AVAX.
Conversely, loss of $6.22 support would shift focus back to the lower range, potentially forming a lower low. A decisive daily close below this area would invalidate the bullish structure and open the door for a leg lower.
The RSI below 50 is also concerning, indicating that while momentum continues to build, the bears still hold the upper hand.
The post FIFA World Cup Push Lifts Avalanche Adoption: Will AVAX Price Rally? appeared first on BeInCrypto.
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