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Tesla Inc. (NASDAQ: TSLA) has reached a key price target following a significant breakdown from a descending triangle pattern.The stock moved down sharply when it crossed the critical support level near $380 while trading inside a tightening pattern. The stock underwent a major sell-off due to this breakdown which caused Tesla’s share price to drop to $290.80 with a 3.96% reduction. Source: Finance The daily price chart of Tesla exhibits a descending triangle pattern that analysts interpret as a bearish continuation signal according to Ali’s analysis. When the price dropped below this support level selling pressure intensified therefore directing the stock price toward weaker valuation targets. Analysts have been monitoring this pattern closely, anticipating a potential downward move if Tesla failed to hold above the key support zone. Source: Ali(X) Market participants reacted swiftly to the breakdown, leading to increased trading volume and heightened volatility. The downward trend matches similar market patterns of fluctuating high-growth technology sectors under conditions of financial instability. The current market position of Tesla creates doubt about its upcoming short-term performance. Technical indicators point towards persisting weakness in Tesla’s price movement but market participants watch for possible areas where the price might stabilize. Tesla’s stock price is currently trading around $296.10 (sell) and $296.20 (buy), indicating a highly liquid market with a narrow spread. The MACD line is trading below the signal line showing negative momentum in the market. Additionally, the RSI stands at 36.77 below 30 which signals the stock might be undervalued at the moment but shows potential for recovery. Source: Tradingview Given the current technical indicators, Tesla’s stock is in a bearish phase, but with RSI in oversold territory, a short-term bounce may be possible if buying pressure increases. Thus,the market will monitor Tesla’s capability to handle stability and analysts will evaluate if the stock will recover or if the decline period will persist. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

TL;DR Cardano’s ADA dropped by double digits in a week, with whales offloading over 170 million tokens, potentially signaling more downward pressure. Hopes for a rebound rest on the potential approval of a spot ADA ETF filed by Grayscale, which could attract traditional investors and boost demand. More Pain Ahead? Cardano’s ADA was trading well above $0.80 towards the end of last week. However, the start of the new business week offered a lot of pain for the bulls, with the asset plunging to as low as $0.63 (per CoinGecko’s data). ADA slightly rebounded over the past several hours to the current $0.67. Still, this represents a 15% decline on a seven-day scale. ADA Price, Source: CoinGecko According to some factors, the negative trend could be far from over. The popular analyst, going on X as Ali Martinez, estimated that whales dumped more than 170 million ADA in the span of 96 hours. The stash equals almost $115 million (going at current rates). Continued efforts of that type would create an influx of tokens on the open market, potentially overwhelming demand and having a negative effect on the price. Additionally, the whales’ actions are closely monitored by some smaller players who could follow suit and intensify the selling spree. Earlier this month, Martinez maintained that ADA’s most critical support stands between $0.67 and $0.70. “As long as this level holds, the bull run remains intact,” he claimed at the time. As mentioned above, though, the valuation briefly tanked below the depicted level. The Potential Price Catalyst While the overall environment looks quite grim, one important factor might bring back the green candles. This is the possible launch of a spot ADA exchange-traded fund (ETF) in the United States, whose chances of approval before the end of 2025 have risen to 67% lately. The improved odds result from the SEC’s acknowledgment of Grayscale’s application to introduce such an investment vehicle. The product will allow investors to gain exposure to ADA without needing to directly purchase, store, or manage the cryptocurrency. This simplifies the process, especially for traditional investors unfamiliar with crypto wallets and exchanges. Additionally, the world’s largest digital asset manager – Grayscale – operates under regulatory frameworks, providing a layer of security and transparency. That might be particularly attractive to risk-averse investors who might be hesitant to enter the volatile crypto market. The post Millions of ADA Sold by Cardano Whales During Market Crash – Will the Decline Continue? appeared first on CryptoPotato.

Large Ethereum (ETH) investors, often called whales, are now panic selling as the altcoin continues falling. Whales have dumped 440,000 ETH worth over $1 billion in the past week, raising concerns about a more bearish outlook. According to market analytics provider Lookonchain , whales recently intensified sales of Ethereum. These investors disposed of huge chunks of their ETH holdings after the altcoin’s price failed to hold crucial support levels. As reported by Lookonchain, one wallet address, “0x07Fe…A26D,” deposited 10,000 ETH valued at $23.44 million to Binance over the last two days. This move signals potential preparation for further sales. Another wallet, “0xc725…839d,” sold 8,074 ETH worth approximately $19.63 million at an average price of $2,431. According to crypto analyst Ali Martinez, whales have sold over 440,000 ETH collectively in the past week. This trend indicates a rising wave of panic selling among large holders amid heightened market volatility. Market analysts have shared mixed opinions regarding Ethereum’s recent price action. Some have advised investors not to sell their ETH holdings, considering the 26% decline on the monthly chart. Popular crypto analyst IncomeSharks pointed out that ETH is currently at the bottom of its range and within the accumulation zone. The analyst thinks this is a good moment to buy ETH before it returns to the top end of the range, above $4,000. ETH price was trading at $2,348 at press time, down 4.9% in the last 24 hours. Despite the decline, investors’ interest in the altcoin is high, as indicated by the 18% surge in trading volume. Ethereum’s price looks like it is reacting to the ongoing downtrend in the general market. Bitcoin (BTC), the leading digital asset, has failed to reclaim $100,000 in the past few weeks. Similarly, other top altcoins like Solana (SOL), XRP, Binance Coin (BNB), and TRON (TRX) are also in the red. The persistent price decline has even resulted in analysts forecasting that the altcoin season is ending. The recent Bybit exchange hack over the past weekend has also contributed to Ethereum’s recent turbulence. As our previous news brief mentioned, the notorious Lazarus Group siphoned 401,346 ETH from Bybit via the hack. However, Bybit has been reported to have fully recovered the lost Ethereum in its reserve within 48-72 hours of the incident. Meanwhile, outflows from the spot Ethereum Exchange-Traded Fund (ETF) have increased steadily in recent weeks. On Wednesday, the ETFs saw total outflows reaching $94.3 million, per data from Farside Investors. BlackRock’s ETHA recorded the highest outflow at $69.8 million. Crypto analyst Honey has predicted that Ethereum is ready for a dramatic price surge in the coming months. In our last update, the analyst said ETH could easily hit $3,500 in the short term and $6,000 in the long run.

Solana (SOL) has continued to face selling pressure since reaching an all-time high of $295 in January, extending its decline this week. While broader market weakness, exacerbated by Bitcoin’s 11% drop in the past 24 hours, has fueled the pullback, additional factors like the recent meme coin frenzy and pump-and-dump schemes have further damaged Solana‘s reputation. However, currently, the most pressing concern seems to be the imminent token unlock by FTX, which has raised fears of a major selloff as a large influx of SOL enters the market. On Tuesday, crypto analyst Ali Martinez highlighted a notable shift among large holders, tweeting that, “135 whales holding over 10,000 SOL have sold or redistributed their holdings in the past month.” This mass exit comes ahead of Solana’s largest-ever token unlock, set for March 1. This unlock will release 11.2 million SOL (worth nearly $2 billion), primarily from FTX’s bankruptcy estate. Messari data shows that over 97% of Solana tokens are unlocked. In February 2025, 9 million SOL entered circulation, marking a peak ahead of March. Future unlocks in April and July are relatively minor, making the upcoming FTX unlock the key event to watch. Analysts at XBT Research have cautioned that at $172 per SOL, the 11.2 million SOL unlock is valued at approximately $2.03 billion, representing 2.4% of the circulating supply. “Past unlocks showed holding behavior, but selling pressure could push prices down in the short term,” they tweeted. Furthermore, with major venture capital firms such as Galaxy Digital, Pantera Capital, and Figure holding billions in unrealized gains, speculation is mounting that they may also liquidate part of their holdings. Just recently, Market maker Wintermute withdrew $38.2 million worth of SOL from Binance, further fueling concerns about potential sell-offs ahead of the unlock. Adding to the bearish outlook, meme coin scandals have further eroded confidence in the Solana network. The recent LIBRA token debacle, which involved allegations of insider trading and fraudulent schemes, has shaken investor trust. This uncertainty has already translated into capital outflows, with Solana’s MEME index posting a monthly decline of around -6%, according to crypto analytics firm Glassnode. Meanwhile, Solana’s network activity has plunged, with active addresses dropping 60%, from an all-time high of 18.5 million in October to just 7.3 million today, according to Glassnode. Despite concerns that the upcoming unlock could trigger a selloff, some traders view it as a buy-the-dip opportunity. “SOL sentiment is the worst it has been in over a year since first reclaiming the $100 level,” analyst Miles Deutscher told his 600,000 X followers. However, he suggested a potential turnaround, stating, “After being a top performer for so long, it’s finally having its capitulation moment. I think we’re getting close now…” At press time, SOL was trading at $141, up 0.53% over the past 24 hours.

Cryptocurrencies have reshaped the very financial landscape. These digital currencies have revamped how people make payments and have even changed how the industry reacts. However, recent macroeconomic developments have hit the market hard and changed how these tokens perform. Therefore, we bring you a small rundown of three prominent cryptocurrencies and see if they are viable in 2025. BTC- The Biggest Token By Market Cap Bitcoin launched in 2009 and is still one of the biggest cryptocurrencies in the world. The token was launched in 2009 and has since become one of the biggest digital assets in the market. The BTC market cap was around $900 billion at press time. BTC processes around 350,000 transactions daily, with an average value of $8,000. BTC is currently going for 86,800.15 with a 2.18% downtrend. Earlier this week, the token was going for around $95k, and this sudden drop has made people concerned about the token’s validity. As of now, it is better to buy the tokens instead of selling them. There is a high chance that the token will reach $100K in the coming month(s). ETH- Smart Contracts & Faster Payments ETH is known for its smart contracts and faster payments. As a result, it is touted as the second biggest crypto asset in the world. Unlike BTC, ETH works with a Proof-of-Stake or PoS mechanism. This reduces energy consumption by 99% and speeds up transactions. This has made ETH one of the most prominent cryptos of all time. ETH is currently going for 2,405.24 with a 3.68% downtrend. While some say that this is a general decline per the current market trend. However, current metrics Ali Martinez shows suggest that ETH might cave in and reach the $1.5 mark before showing any positive signs. Hence, investors must wait and watch what the token has in mind. LTC- Honorable Mention LTC is one of the fastest mainstream cryptocurrency tokens in the market. The block time for LTC is around 2.5 minutes, hence making it four times faster than BTC. Not only that, but the token also boasts a low transaction fee of about $0.05. At the time of writing, LTC is going for $127.59 with an 11.35% uptrend. This is probably one of the only coins in the list that is showing a positive uptrend. Hence, making it a viable investment opportunity. The post Popular Cryptos To Invest In: BTC, ETH & LTC appeared first on Coinfomania.