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But even with that recovery, the price remains far below its January peak of $109,225, and analysts warn that its decoupling from macroeconomic trends is not yet complete zhang vs parker. Arguments for continued upward momentum in the name include technical indicators which are currently bullish (RSI > 70, suggesting potential near term overbought conditions)}
May 2025 begins with crypto investors closely monitoring pivotal market movements from leading tokens such as Bitcoin (BTC), Ethereum (ETH), and XRP, alongside emerging players like Lightchain AI (LCAI). With the market sentiment leaning towards cautious optimism, these assets are expected to play a significant role in shaping the trajectory of the cryptocurrency landscape this month.
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Neither an indictment nor a criminal complaint is a finding of guilt. An individual charged by indictment or criminal complaint is presumed innocent unless and until proven guilty at some later criminal proceedings.
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Cryptocurrency news april 29 2025
Technical indicators also support this bullish outlook. Bitcoin has broken out of a multi-month falling wedge pattern and closed above its 200-day moving average, signaling strong upward momentum. Additionally, on-chain data reveals an uptick in wallet addresses holding over 1 BTC, indicating growing accumulation among investors.
The first week of April saw ADA facing downward pressure, dropping to a monthly low of $0.5148 on April 7. This decline was influenced by broader market corrections and profit-taking activities. However, ADA quickly rebounded, recovering to $0.6316 by April 9, demonstrating strong market resilience.
In the final week of April, ADA experienced a surge in buying activity following reports of increased trading volumes and the anticipation of a potential Cardano ETF approval. The announcement led to a price increase, with ADA climbing to a monthly high of $0.7447 on April 24. This development signaled growing institutional interest and added a bullish sentiment to ADA’s market outlook.
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