John O'Donnell Sits in for Merlin. He discusses the global credit purge cycle within the Online Trading Academy core strategy. Learn how to prosper in the months and years ahead in the global capital markets deflationary trends.
Author
Merlin Rothfeld
Online Trading Academy
Merlin Rothfeld has been actively involved in the financial markets since 1996.
Cardano shows signs of consolidation, trading below $0.260 after an 11% gain the previous week. Mixed derivatives and on-chain metrics point to caution among traders. Meanwhile, the technical outlook suggests bullish sentiment remains, but ADA’s near-term direction remains uncertain. Derivatives data shows a mixed and cautious outlook among Cardano traders.
Meme coins including Dogecoin, Shiba Inu, and Pepe make a soft start on Monday as key resistance levels capped gains last week. The technical outlook for DOGE, SHIB, and PEPE indicates a mixed bias, as prices remain above their 200-day EMA while momentum wanes.
Bitcoin, Ethereum, and Ripple take a breather at the start of the week after their recent gains last week. BTC pulls back, trading below $83,600 while ETH extends its losses, trading below $2,700, and XRP consolidates around $1.500. The price action of these top three cryptocurrencies suggests a mild pullback or consolidation as traders assess their next direction.
NEAR Protocol’s native token climbed above $5 extending a sharp multi-week rally as progress on a proposed Bitwise exchange-traded fund coincided with growing activity across the network’s ecosystem. The US Securities and Exchange Commission declared Bitwise’s registration statement for the NEAR ETF effective, clearing a key regulatory step for the proposed product.
