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The Cardano price has been on a slow roll lately, falling out of its $0.7 – $0.8 range over the past week. However, a crypto analyst has emerged with a bullish projection, expecting the altcoin to recover in the coming days.

How ADA Price Can Reclaim $0.77

In a video posted on the X platform, popular crypto analyst Ali Martinez shared an exciting analysis of the Cardano price, putting forward a short-term target for the altcoin. According to the online pundit, the ADA token is trading at a critical support level and could be on its way to $0.77 over the next few days.

This bullish projection is based on the formation of a horizontal channel pattern for the ADA price on the 3-hour timeframe. This channel is characterized by two major boundaries with at least four contact points, including two connecting lows and two connecting swing highs.

Typically, the upper boundary where the pivot highs form represents the resistance for the asset’s price while the lower channel trendline acts as the support cushion. A sell signal goes off when the asset’s price hits the top of the horizontal channel, while traders tend to buy when the price is at the channel’s lower boundary.

According to Martinez, the Cardano price has fallen into a horizontal channel since mid-March, trading within the $0.69 – $0.77 range. As shown in the chart below, the price of ADA is hovering around the support cushion (the lower boundary) at the $0.69 level.

Using the earlier logic, the Cardano token seems to be at a perfect buying spot, with the price currently at the channel’s lower trendline. Typically, when the asset’s price is at the bottom of the channel, it tends to bounce back toward the upper trendline.

Martinez noted that if the $0.69 support level holds, the Cardano price could make a bullish run toward the $0.77 mark. This rebound toward the upper boundary would represent an over 12% move from the current price point.

Cardano Price Overview

As of this writing, the price of ADA stands at around $0.685, reflecting an over 2% decline in the past 24 hours. While the altcoin seemed to be recovering nicely early in the week, it has witnessed a deep retracement toward its March lows.

According to data from CoinGecko, the Cardano price is down by nearly 4% in the past week. This sluggish weekly performance underscores the altcoin’s outlook over the past few months, with the ADA token seemingly moving farther away from the psychological $1 level.

XRP’s price has slipped by 4.7% in the past 24 hours, continuing a pattern of high volatility that has defined much of March. Amid this decline, however, some see opportunity, with one popular analyst identifying an interesting reversal pattern that could turn the tide to bullish trajectory.

Inverse Head And Shoulders Pattern Appears On XRP Chart

XRP has extended its decline run from $2.47 into the past 24 hours. Particulary, XRP is currently down by 13.8% in the past three days and now looks like it could easily break below $2.10.

Crypto analyst Egrag Crypto took to social media platform X to highlight what he called a “most probably inverse head and shoulders” pattern currently unfolding on XRP’s daily timeframe. The pattern, which has been developing since early March, is now in the final stages of forming the second shoulder. As such, this phase might still see further short-term downside, as XRP potentially dips again to complete the structure of the second shoulder before a breakout rally.

If confirmed, the inverse head and shoulders would lead to a strong bullish reversal, which is going to be significant given XRP’s recent price retracement. According to Egrag Crypto, the measured move from the completion of this formation could send the price to a price range between $3.7 and $3.9.

Analyst Says XRP Could Reach All-Time High In 90 To 120 Days

The inverse head and shoulder analysis is part of a bullish outlook that suggests that the XRP price can reach a new all-time high within the next 90 to 120 days. This prediction, also made by Egrag Crypto, is based on a recurring pattern observed in XRP’s Relative Strength Index (RSI) across past bull markets.

He pointed out that during the 2017 and 2021 cycles, the RSI indicator on XRP exhibited two distinct peaks, with the second peak coming between 90 to 120 days after the first peak. The second RSI peak in 2017 occurred about 120 days after the first peak. A similar scenario occurred in 2021, although the interval between the first and second RSI highs was shorter at just 90 days. This trend sets the stage for a historic surge that could align with the breakout from the current inverse head and shoulders setup.

So far in this cycle, XRP has already completed its first RSI peak, reaching as high as 85.17 toward the end of 2024. Following that, the RSI has been on a long cooldown phase, dipping to a low of 65. At the time of writing, the RSI sits around 66, and a bounce is expected from here, which is to peak sometime around June.

Revuto's upcoming app update on April 2 could trigger significant price movements. The introduction of Visa Debit Cards for subscriptions and a Custodial Wallet may create strong demand, making it easier for users to manage and pay for services within the app. Additionally, the REVU Pro update promises enhanced features, further encouraging current and new users to engage with the ecosystem. These upgrades may boost user growth and adoption rates, which are likely to influence REVU's market value positively. To know more about the app update, see the detailed announcement here.

The end of the $S to $FTM migration on March 31 might have notable market implications. With no further migration possible after the deadline, $S holders must decide quickly to convert to $FTM, potentially intensifying trading activities. This cut-off could stabilize $S’s market structure while redirecting funds back to $FTM. Such a change could elevate trading volumes for both tokens, possibly impacting prices. Investors might reassess their strategies as the migration closes. For more specifics on the migration deadline, refer to the announcement here.

The Supra Community Call scheduled for March 31 could be pivotal for SUPRA's market position. With anticipated announcements regarding product launches and future growth plans, the call may enhance investor confidence. Details on new dApps may signify technological advances and increasing platform utility, potentially attracting developers and users. The synergy from these updates could stir market excitement, leading to bullish sentiment. However, if updates fail to meet expectations, adverse effects on price could follow. More details on the community call can be accessed here.

Shiba Inu’s Layer-2 blockchain, Shibarium, is approaching a major milestone, nearing 1 billion total transactions. According to ShibariumScan, the Shibarium network has processed 992,561,156 transactions, leaving only about 8 million more to reach the 1 billion mark.

The recent increase in daily transactions has accelerated Shibarium’s progress toward this landmark. In the last 24 hours alone, transactions surged to 3.84 million, signaling increased network usage and engagement.

Other Shibarium measures are also reporting growth. According to ShibariumScan, total blocks have surpassed 10 million, with the latest count at 10,188,747 and total addresses at 191,626,796.

Shibarium is expected to undergo a variety of advancements, including its expansion into a roll-up hub, allowing developers to deploy custom Layer-3 rollups directly on it.

Each rollup will settle its transactions on Shibarium and use BONE as gas. This expands BONE’s role from a utility token to a foundational asset for new chains. Shibarium will also function as a data availability layer, storing and reliably serving rollup data. This architecture enables multiple chains to operate in parallel while staying connected.

However, the long-term vision remains a modular, interoperable ecosystem where Shibarium acts as both execution and data backbone.

With momentum growing, all eyes are on Shibarium as it gears up to hit the 1 billion transaction milestone, cementing its position as a key player in the Shiba Inu ecosystem.

SHIB's latest price action

Shiba Inu price reversed course after five days of advances, with the token reaching highs of $0.00001567. However, profit-taking in the market has triggered a pullback, leading to a decline in SHIB’s price.

After its strong upward momentum, Shiba Inu is set to post its third consecutive day of losses, with the price falling to a low of $0.0000125 during Saturday's trading session. This decline highlights increased market volatility and selling pressure as traders capitalize on recent gains.

At the time of writing, SHIB was down 3.61% in the last 24 hours to $0.0000128, wiping out weekly gains, and only up 0.49% in the last seven days.