Connect with us
DAPA Banner

Crypto World

ETH, XRP, ADA, BNB, and HYPE

Published

on

eth_price_chart_1302261

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH)

Ethereum closed the week up 2%, but the trend remains bearish, with $1,800 acting as a key support level for this downtrend.

If buyers hope for a reversal in the future, then ETH needs to bounce and hold above that level. Any weakness there would basically erase all the progress made since early 2025.

Looking ahead, this cryptocurrency has strong resistance around $2,400, and that price point will be decisive if tested later. A rejection there could lead to lower lows, while a breakout can sustain a rally towards $3,000.

Advertisement
eth_price_chart_1302261
Source: TradingView

Ripple (XRP)

XRP bounced after a sharp drop and closed this week with a 6% gain. However, this bounce will likely be short-lived, as the downtrend remains intact and new lows are likely.

The most important support levels are found at $1.4, which is currently being contested, and $1, where XRP may eventually fall if the overall market remains bearish in the coming months.

Looking ahead, this correction has accelerated in 2026, with the price accelerating as it declines. This is quite bearish, but it may also help identify a bottom more quickly. Hopefully, buyers will stop the downtrend around $1.

xrp_price_chart_1302261
Source: TradingView

Cardano (ADA)

ADA has been struggling in the past 30 days and has booked a 38% loss. Nevertheless, it closed this week in the green with a modest 4% gain. The price also bounced on the 24-cent support.

Ideally, Cardano will begin forming a bottom around these price levels, as it has in the past. The alternative would be new lows not seen since 2020. Reclaiming a price above 30 cents is critical if bulls want to regain control.

Looking ahead, the outlook is grim for this cryptocurrency, especially if Bitcoin and Ethereum continue to underperform. That will likely pull it even lower. A price under 20 cents would make this one of the worst bear markets for ADA.

Advertisement
ada_price_chart_1302261
Source: TradingView

Binance Coin (BNB)

Unsurprisingly, BNB finally touched the support at $580. This level has long been a key target for sellers, and it has now been reached. The question is whether it will hold.

Ideally, the market should bounce after months of bearish price action. This also applies to Binance Coin, which has been in a downtrend since October 2025. If $580 fails to hold, conditions become more challenging, as the next key support levels are at $500 and $380.

Looking ahead, this cryptocurrency has lost nearly 60% of its valuation since its all-time high of approximately $1,375. If the past is to serve as a guide, this bear market may take BNB to -70% before a bottom is found.

bnb_price_chart_1302261
Source: TradingView

Hype (HYPE)

HYPE closed the week in red with a 11% loss. That’s because buyers were unable to break above $36 and turn it into a key support level. For this reason, the current price action could be interpreted as a lower high. That is bearish.

Nevertheless, at the time of this post, buyers appear to be defending the support at $30 quite well. As long as this holds, buyers have another shot at making new highs.

Looking ahead, the rally that started at $20 appears to have reached its peak this week when buyers were unable to book new highs. For this reason, a bearish reversal is likely if $30 is lost again.

Advertisement
hype_price_chart_1302261
Source: TradingView

 

SPECIAL OFFER (Exclusive)

SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

Published

on

CFTC Chair Says Agency is Ready to Oversee Entire Crypto Market

Michael Selig, US President Donald Trump’s nominee leading the Commodity Futures Trading Commission (CFTC), said the agency was prepared to oversee the entire $3 trillion crypto industry, with no timeline for Congress to pass a crucial market structure bill.

In a Wednesday statement about his first 100 days as CFTC chair, Selig said that the commission was “ready to take responsibility” for the crypto market and reiterated his claim that it was the sole regulator to oversee prediction markets.

His comments come as the US Senate considers the CLARITY Act, a crypto market structure bill that has been effectively stalled in committee amid discussions over stablecoin yield and other issues.

“The same regulatory clarity being delivered to the crypto industry is being developed for prediction markets, which can serve as powerful tools for information discovery and are regulated by the CFTC under the Commodity Exchange Act,” said Selig.

Advertisement

Under Selig, who was confirmed by the Senate in December, the CFTC has adopted many policies signaling that the agency would soften its enforcement and regulation of digital assets compared to previous administrations. In March, the agency announced a memorandum of understanding with the Securities and Exchange Commission (SEC) as part of efforts to coordinate on regulation, including digital assets.

Related: Crypto exchange KuCoin agrees to $500K settlement, ending CFTC case

Although early drafts of the market structure bill suggested the legislation could give the CFTC additional authority to oversee digital assets, the SEC is expected to continue regulating cryptocurrencies it considers to be securities.

Advertisement

Lawmakers pressing CFTC on insider trading claims over prediction markets

US state authorities and federal lawmakers have been targeting prediction market platforms like Kalshi and Polymarket over alleged violations of gaming laws and claims of politicians using insider information to profit.

While many of the state-level actions continue to be litigated in court, Selig has claimed that the CFTC has “exclusive jurisdiction” over prediction markets and threatened legal action against any challenges to its authority.

In a Tuesday event, CFTC enforcement director David Miller said that the agency’s position was that event contracts on prediction markets were not “gaming” but rather “swaps” that fall under its purview.

Advertisement

Some lawmakers have also proposed legislation to ban elected officials with insider information from profiting from event contracts after suspicious trades on military actions involving Iran and Venezuela.

Magazine: A newbie’s guide to surviving crypto winter