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Cardano (ADA) Deeply Oversold per This Indicator; Rebound Imminent?
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Cardano (ADA) Deeply Oversold per This Indicator; Rebound Imminent?

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  • Cardano flashes an oversold signal
  • Cardano news

Cardano (ADA), the 10th-largest cryptocurrency by market capitalization, continues to struggle amid broader market weakness and investor caution, trading near lows of $0.52 last seen in early April.

Cardano was trading down 7.85% in the last 24 hours to $0.5478 at the time of writing as part of a broader crypto sell-off that saw $1.01 billion in liquidations due to renewed market volatility.

ADA/USD Daily Chart, Courtesy: TradingView

Cardano has slowly declined since its June 11 high of $0.736, with 11 out of 12 days in the negative, including today’s drop.

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The slump has lasted six straight days since June 16, reaching an intraday low of $0.56, with chart signals now suggesting an imminent rebound.

Cardano flashes an oversold signal

According to the Relative Strength Index (RSI) indicator on the daily chart, ADA might have reached a deeply oversold territory, with the RSI falling below the typical 30 threshold to just 23, a level that has historically signaled a probable reversal.

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The RSI is a momentum oscillator that measures the speed and change of price movements. A reading below 30 typically indicates that an asset is oversold, implying that selling pressure has been overextended and a bounce might be imminent. Cardano’s current RSI of 23 implies that the bearish momentum might be about to fade.

Technical traders frequently pay attention to low RSI levels, seeing oversold conditions as a potential setup for a relief rally or perhaps a trend reversal.

Cardano news

Ford is supporting Iagon and Cloud Court on their Cardano-based legal data storage proof-of-concept.

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The recent launch of a new proof-of-concept initiative, including decentralized storage platform Iagon, legal tech firm Cloud Court and Ford Motor Company, highlights institutional interest in the Cardano ecosystem.

The pilot project intends to determine the feasibility of merging Cardano’s blockchain technology with Iagon’s decentralized cloud storage to allow secure legal data management.

The Cardano Blueprint, the knowledge base for an easier understanding of the Cardano blockchain, has been unveiled by Input Output. In another milestone, the Cardano network surpassed 110 million transactions, reaching 110.63 million.



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Pi Network price eyes strong rebound as rare pattern forms
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Pi Network price eyes strong rebound as rare pattern forms

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Pi Coin’s steep decline since May reflects waning hype and thinning liquidity following its mainnet launch, but technical patterns and upcoming events suggest a potential reversal.

As volatility dries up and the price consolidates within a classic bullish wedge formation, momentum may return ahead of Pi Day 2 on June 28 and ongoing domain auction excitement.

While risks remain, the stage is quietly being set for a possible rebound driven by both chart signals and fresh ecosystem developments.

Technicals point to a Pi Network price comeback

Yes, Pi Coin (PI) crashed into a deep bear market after plunging by over 60% from its highest point in May. It dropped to $0.5370 on Saturday, June 21, with its 24-hour volume falling to $74 million from a peak of $3 billion after its mainnet launch in February. 

The eight-hour chart shows that the Pi Coin price jumped to a high of $1.6675 in May. This surge happened as investors waited for the promised ecosystem news during the Consensus event in Toronto. 

It then plunged after the developers launched Pi Network Ventures, a $100 million fund to invest in startups. 

The chart shows that the MACD indicator has continued falling, a sign that it is not volatile. Similarly, the three lines of the Donchian Channels have narrowed, also a sign that they are not volatile. 

A period of low volatility is often a sign of accumulation among investors, which results in a bullish breakout. 

Pi Network price has formed a falling wedge pattern, consisting of two descending and converging trendlines. A falling wedge is often a highly bullish reversal sign. 

The two lines of this wedge have narrowed, meaning that the coin may have a strong bullish breakout in the next few weeks. If this happens, the next potential target to watch will be $1, which is about 85% above the current level.

The bullish Pi Coin price forecast will be invalidated if it drops below the key support at $0.3940, its lowest point this month. 

Pi Network price chart | Source: crypto.news

Pi Day 2 could be a catalyst

Pi Network has some potential catalysts that may push it higher in the longer term. For example, it could gain traction ahead of Pi Day 2 celebration on June 28. 

Also known as Tau Day, it is an alternative to the main Pi Day on March 14. This commemoration will happen on the same day that the .pi domain auction ends. Pi Domains had over 123,000 active bids and over 3 million bids during the auction.

Another potential catalyst for Pi price is the ongoing ecosystem growth. In a note, the developers cited several applications that have launched on the network, including FruityPi, a fruit-matching game. Pi Network may also rebound as the odds of Federal Reserve cuts rise.

In a statement on Friday, Christopher Waller, a Fed Governor, said that the bank may cut rates as early as July, which may benefit Bitcoin and other coins.



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XRP Rockets 2,443% in Liquidation Imbalance as Rebound Resumes
NFT Gaming

XRP Rockets 2,443% in Liquidation Imbalance as Rebound Resumes

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An unusually high liquidation spike has hit XRP in the last 24 hours, setting up an imbalance with the long-to-short ratio difference soaring by 2,443%. The insane liquidation was largely fueled by sell-offs in long-position traders.

Longs wiped out after XRP rejection at $2.18

As per CoinGlass data, XRP’s total liquidation stood at $8.43 million within this time frame. Out of this volume, long position traders accounted for $8,110,000, setting up a much tilted liquidation in the XRP market.

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This development indicates that investors who were anticipating a continued rally of XRP were stunned as the price suffered rejection just before it could hit $2.20. Notably, XRP flashed signs of breaching higher resistance levels, such as the $2.30 price, which might have boosted investors’ confidence.

However, after climbing from $2.09, its momentum faded at a peak of $2.18 in the last 24 hours. Traders betting short on XRP experienced fewer losses. Only $318,760 of their funds were wiped out in the unusual liquidation.

The slight price difference that triggered this massive liquidation implies traders were cautious in their expectations of XRP’s rally. Despite this, long traders still recorded a huge spike in losses, emphasizing the crypto market’s unpredictability.

Bollinger Bands signal possible XRP rebound

Besides XRP, Bitcoin and Ethereum also registered liquidation imbalances, with long-position traders suffering more losses than those betting short on the assets. This suggests that investors in the broader crypto market were bullish about the price shift.

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Meanwhile, XRP Bollinger Bands continue to signal a potential rebound for the coin to higher levels. Market participants are watching to see if further tightening could reduce the prevailing volatility that XRP has been facing.

As of this writing, XRP price was trading at $2.14, representing a 1.37% decline in the last 24 hours. Despite the price fluctuation, trading volume is in the green zone, up 23.17% at $2.23 billion.



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Polkadot hits oversold extremes: is a rebound imminent?
Crypto Trends

Polkadot hits oversold extremes: is a rebound imminent?

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Polkadot is approaching extreme oversold conditions after a relentless downtrend. With RSI nearing historic lows and price resting on major liquidity, a reversal rally could be on the horizon.

Polkadot (DOT) has endured a steep and persistent downtrend, with its price sliding from $7.67 to a fresh swing low near $3.25. This prolonged decline has pushed the asset into oversold territory on key indicators like the RSI, sparking interest in a potential reversal setup. The market is now watching to see whether a bottoming structure will emerge at these critical levels.

Key technical points

  • Swing Low Support: Around $3.25, major resting liquidity
  • High Time Frame Support: $3.75 — a reclaim level to confirm bullish intent
  • Resistance Zone: $5 region, aligned with value area high
  • RSI Signal: Approaching historical lows, previously led to local rallies
  • Volume Behavior: Low during recent sell-off, indicating potential capitulation

DOTUSDT (1D) Chart, Source: TradingView

DOT’s bearish structure began at the $7.67 level and has continued unbroken for weeks, culminating in the formation of a new swing low around $3.25. This level is now a key point of interest, as it represents an area of resting liquidity that often draws price action before a reversal.

Since reaching this low, DOT staged a brief oversold rally, tapping into resistance at the $5 mark, a level now reinforced by its confluence with the value area high. However, that bounce was short-lived, and price action has returned to the lows, where sentiment remains notably bearish.

Despite this, technical indicators suggest exhaustion in the trend. The RSI is now flirting with historical lows, regions that have previously triggered impulsive, albeit short-lived, rallies. These typically occur once price forms a bottoming structure or triggers a liquidity sweep below key levels.

The current scenario sets the stage for a potential swing failure pattern. If price takes out the $3.25 swing low but swiftly reclaims the $3.75 support, it could trigger a sharp reversal back toward the $5 resistance. This would align with previous behavior, where DOT bounced from oversold zones with conviction.

Volume also supports this thesis. The latest leg down has occurred on significantly lower volume, typical of final-stage capitulation. This creates a setup where a spike below support, without follow-through, could trap late sellers and ignite a counter-trend rally.

What to expect in the coming price action

DOT is now at a make-or-break level. If a swing failure pattern confirms around the $3.25 low, the next move could be a sharp rally toward $5. However, failure to reclaim $3.75 with conviction would signal continued weakness. All eyes remain on this critical support zone.



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Bitcoin
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Traders Bet On Price Rebound

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Data shows the Bitcoin Options 25 Delta Skew has seen a bullish flip, a sign that the traders may be expecting a price rebound.

Bitcoin Options 25 Delta Skew Suggests Traders Are Positioning For Upside

As pointed out by the analytics firm Glassnode in a new post on X, the Options 25 Delta Skew has recently observed a reversal to positive levels for Bitcoin. The “25 Delta Skew” is an indicator related to the BTC Options market that basically tells us about the sentiment present among the traders.

The metric does so by comparing the Implied Volatility (IV) of bearish positions (puts) and bullish positions (calls). Here, the IV is a measure of how volatile the traders expect the asset to be in the future.

The 25 Delta Skew specifically compares this expectation for the puts and calls with a delta of 25. That is, the Options contracts whose price changes by $0.25 for every $1 change in the BTC spot value.

Naturally, for puts, the change is in the opposite direction to the price, as these positions are betting on a bearish outcome. This means their price rises by $0.25 whenever BTC goes down $1. On the other hand, the $0.25 increase/decrease happens alongside a $1 price increase/decrease in the asset’s spot value for the calls.

Now, here is a chart that shows the trend in the Bitcoin Options 25 Skew Delta for a few different expiration periods over the last couple of weeks:

The value of the metric appears to have gone up on all of these expiration timeframes in recent days | Source: Glassnode on X

As displayed in the above graph, the Bitcoin Options 25 Delta Skew was below the 0% mark for all of these expiries earlier in the month. During the past week, however, a flip appears to have occurred in the market, with the metric climbing to a positive value for all of them.

The trend is especially prominent in short-dated contracts. The positions expiring in one week have seen the indicator go from -2.6% to +10.1%. Similarly, those expiring in one month have observed a reversal from -2.2% to +4.9%.

Based on the trend, the analytics firm notes, “traders are aggressively positioning for near-term upside or volatility.” This bullish flip in the Options market has interestingly come while Bitcoin has faced some bearish price action. It now remains to be seen whether the bullish confidence from the market will pay off or not.

In some other news, Strategy has completed yet another Bitcoin purchase, as Chairman Michael Saylor has shared in an X post. The acquisition, involving 10,100 tokens, has cost the company around $1.05 billion. The firm now holds a total of 592,100 BTC, with a cost basis of $41.84 billion.

 

BTC Price

Bitcoin has made a slight recovery during the past day as its price has returned to $106,600.

The trend in the BTC price over the past five days | Source: BTCUSDT on TradingView

Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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DOGE Hits $1 Billion Volume With 46% Surge, Rebound Incoming?
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DOGE Hits $1 Billion Volume With 46% Surge, Rebound Incoming?

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Dog-themed cryptocurrency Dogecoin (DOGE) has crossed $1 billion in 24-hour trading volume. According to CoinMarketCap data, Dogecoin’s trading volume came to $1.05 billion, marking a 46% jump in the past day.

Dogecoin’s price has yet to fully reflect the volume rise; at press time, DOGE was up 1.68% in the past 24 hours, trading at $0.1782, signaling early signs of renewed buying pressure.

Dogecoin Volumes, Courtesy: CoinMarketCap

Dogecoin fell for five days at a stretch from a high of $0.206 on June 11, testing support at $0.17 on June 13 before mildly rebounding in Monday’s session.

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In a recent tweet, crypto analyst Ali highlighted an imminent move for Dogecoin: “DOGE prepares to rebound as the TD Sequential presents multiple buy signals on the 12-hour chart.” In another tweet, Ali highlighted the $0.168 support as the key for Dogecoin to hold: “DOGE must hold above $0.168 to avoid a 30% price drop.”

What’s next?

Currently, analysts are watching the $0.20-$0.25 resistance zone, coinciding with the daily SMA 50 and 200, which has acted as a ceiling in recent weeks. A clear breach above this area could spark bullish momentum and propel DOGE toward the $0.43-$0.49 levels.

DOGE/USD Daily Chart, Courtesy: TradingView

On the downside, failure to hold above $0.17 may result in short-term profit-taking. The next support level is $0.16; if broken, Dogecoin might fall to $0.14, where buyers are expected to move in. A robust bounce off the $0.14 level might keep the range-bound action going for a while longer.

The next trending move is expected to start with a break above $0.26 or below $0.14. If the $0.14 level cracks, Dogecoin may fall to $0.10. On the other hand, a break over $0.26 might propel Dogecoin to $0.38.



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Bitcoin
Crypto Trends

Bitcoin’s Price Surges From $105,000 In Stunning Rebound – Here’s The Trigger Behind The Rally

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With a notable bounce, Bitcoin has regained its upside traction once again, surging beyond key resistance levels as it aims to revisit its peak. While several key factors could be responsible for the recent upward move in BTC’s price, one factor seems to stand out the most among all.

What’s Behind The Bitcoin Renewed Upswing

Bitcoin has witnessed downside pressure since reaching a new all-time high in May this year. However, BTC’s price has recently made an electric comeback, rising above the crucial $105,000 level in a stunning display of power on Monday.

Following the renewed upward performance by BTC, Glassnode, a leading financial and on-chain analytics platform, has underscored the major trigger behind the sharp rally. According to the on-chain platform, the sudden upswing is likely driven by a wave of short positions liquidations. 

Following weeks of ambiguity and price fluctuations that shook investor confidence, the flagship cryptocurrency has rekindled optimism among investors about further gains. As traders who bet against BTC’s upside potential were forced to cover their positions, a surge of buy orders swept over the market, which appears to have caused prices to spike higher. 

A sharp rise in short liquidations | Source: Glassnode on X

This abrupt action from Bitcoin not only highlights how erratic the asset may be but also suggests that the market mood may change as bulls or buyers gain ground. Furthermore, it marks a turning point in BTC’s path, increasing the potential for the flagship asset to reclaim its all-time high and even beyond.

Data from the on-chain platform shows that the total short liquidations of the 24-hour Simple Moving Average (24H SMA) increased from $105,000 to $359,000 in just 4 hours. Prior to the upward move, Bitcoin’s funding rates turned negative, which pointed to a rise in short appetite. However, as of Monday, those short bets from investors were observed being squeezed.

A Solid Cluster Of Liquidity Ahead For BTC

In an X (formerly Twitter) post, Daan Crypto Trades, a technical expert and trader, has shed more light on Bitcoin’s recent liquidation heat map, particularly on the largest cryptocurrency exchange, Binance.  

After examining the liquidation heat map on the monthly time frame, the expert highlighted that the chart’s narrative is consistent with other charts that show significant liquidity clusters aligning well with critical levels. Nonetheless, the expert believes that below the $100,000 mark and Thursday’s low are areas where things can pick up speed, and the current correction could occur.

Meanwhile, above the $112,000 level and into new all-time highs is where Bitcoin’s price would find a strong cluster of liquidity from shorts that had amassed during this time. Also, Daan Crypto Trades noted that a lot of stops are likely to be placed above the point.

BTC trading at $109,199 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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$809,910,000 Cardano in 24 Hours, Futures Whale Fueling Rebound
NFT Gaming

$809,910,000 Cardano in 24 Hours, Futures Whale Fueling Rebound

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Cardano (ADA) has witnessed a slight uptick in open interest as investors bet on the asset’s future outlook. CoinGlass data signals Cardano whales are driving ADA’s recovery journey as it breaches the $0.65 resistance level.

ADA whales drive futures activity despite low volume

In the past 24 hours, Cardano’s open interest increased by 0.27% as investors committed $811.85 million to acquire 1.21 billion ADA.

Large holders are clearly on a buying spree, trying to push prices up from their current low levels. As of press time, ADA was exchanging at $0.6699, representing a 2.42% increase in the last 24 hours.

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Despite the increased price and whales betting on Cardano, volume remains low at $529.41 million. This is equivalent to a 44.74% decline within the same time frame.

If ADA is to climb higher, the Cardano ecosystem, especially retail investors, needs to become active to support the bullish signals.

Currently, market activity is dominant on Binance, Bitget, Gate.io and Bybit. Notably, Binance leads with $184.84 million committed to ADA’s futures market, representing 22.76% of total open interest. Bitget, Gate and Bybit traders committed $144.14 million, $131.80 million and $109.07 million, respectively.

Hence, retail investors on these exchanges could mirror whales’ actions to support price action.

Cardano to $0.75: Potential triggers

With ADA’s price on the verge of entering the $0.70 zone, Cardano bulls must push and sustain the recovery momentum. The asset needs to flip $0.75 to stand a chance at breaking other key resistance levels.

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If Cardano fails to surge toward the critical $1 price level, it cannot reclaim the ninth position from Tron. As per the ranking by market cap, recently, Tron dethroned Cardano as its price kept slipping far away from the $1 mark.

The ability of market participants in the ecosystem to rally around Cardano might decide the next price movement for ADA.



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CoinDesk Bot
NFT Gaming

BCH Surges After $391 Rebound Amid Geopolitical Tensions

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The cryptocurrency market is navigating choppy waters amid escalating geopolitical tensions, with Bitcoin Cash (BCH) showing resilience despite broader market pressure.

BCH recently demonstrated strong technical performance, forming a V-shaped recovery after testing critical support at $391.656, with substantial buying volume establishing a high-volume support level.

This comes as the global cryptocurrency market faces headwinds from the ongoing US-China trade disputes, which continue to introduce uncertainty across financial markets worldwide.

Meanwhile, traditional financial indicators like rising US Treasury yields signal systemic stress that historically creates mixed environments for risk assets like cryptocurrencies.

Technical Analysis Highlights

  • BCH tested critical support at $391.656, triggering substantial buying volume particularly during the 01:00-04:00 timeframe.
  • A powerful breakout occurred during the 13:00 hour, with BCH surging to $416.958 on the highest hourly volume (28,068 units).
  • Price established a new resistance-turned-support level at $409.800, with momentum indicators suggesting potential for continued upside.
  • A bull flag pattern formed after the initial impulse move, with decreasing volume during consolidation suggesting potential continuation.
  • The $413.000-$413.500 zone represents a key support level that bulls need to defend to maintain upward momentum.

External References



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NFT sales rebound in May 2025 after months of decline: CryptoSlam
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NFT sales rebound in May 2025 after months of decline: CryptoSlam

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Non-fungible tokens (NFTs) caught an uptick in sales in May after months of consistent decline throughout 2025. 

Data from CryptoSlam shows that May’s NFT sales climbed to $430 million, up from $373 million in April, a 15% increase. It marks the first monthly sales increase this year, suggesting renewed interest in digital collectibles. 

This follows a five-month decline in sales since volume peaked at over $900 million in December 2024. May also had the highest number of transactions in 2025, reaching 5.5 million, according to CryptoSlam. 

The sales uptick may be attributed to the divergence between unique NFT buyers and NFT sellers. NFT buyers continued to increase in May, while sellers declined. 

Chart compiled by Cointelegraph to demonstrate CryptoSlam data on NFT monthly sales. Source: Cointelegraph

NFT sellers dwindle, while buyers increase

May showed a significant jump in unique buyers. The number of users buying NFTs rose by 50% to over 936,000 in May, up from around 622,000 in April.

May’s figures are the largest buyer count since October 2024, hinting at growing investor participation during the month. 

While buyers increased, the number of unique sellers continued to decline. In May, NFT sellers fell to around 284,600, the lowest amount recorded on the CryptoSlam platform since April 2021. 

The divergence between the growing buyer interest and shrinking seller activity could set the stage for more competitive bidding, which may lead to higher valuations. 

Chart compiled by Cointelegraph to demonstrate CryptoSlam data on NFT buyers and sellers. Source: Cointelegraph 

Related: Alchemy acquires no-code NFT launchpad HeyMint for undisclosed amount

NFTs set for a comeback in 2025

CryptoSlam strategist Yehudah Petscher said that the market is poised for a rebound, but with a more tempered outlook than its previous highs. 

“The NFT market will see a bounce back this year, probably just after BTC sees its top of the cycle,” Petscher told Cointelegraph, suggesting that the momentum in digital collectibles will follow broader crypto market trends. 

Despite the bullish sentiment, the strategist told Cointelegraph that the NFT comeback might not be similar to the space’s 2021 or 2022 peak. “Don’t expect a repeat of the 21/22 euphoria that we saw in NFTs,” Petscher said. 

Meanwhile, DappRadar analyst Sara Gherghelas said in a May 27 report that the sector needs new catalysts to fully rebound. The analyst said real-world assets (RWAs) linking with NFTs could reignite the lending sector of digital collectibles. 

RWA NFTs also showed potential earlier this year. In April, digital collections in the RWA marketplace Courtyard drove Polygon-based NFT sales to $22.3 million. This allowed the blockchain to surpass Ethereum in weekly sales.

Magazine: Pranksy: Inside the anonymous life of an NFT legend — NFT Collector



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