Coinbase Bitcoin Premium Hits New Low as Selloff Deepens
- Premium Decline: The Coinbase Bitcoin premium has fallen to a new low, indicating increased selling pressure from US traders and institutions, suggesting that large holders are reducing risk exposure, which may impact short-term price direction.
- Institutional Confidence Divergence: While about 80% of institutional investors indicate they would hold or add to positions if Bitcoin falls another 10%, only 7% believe Bitcoin is undervalued at current levels, reflecting fragile market confidence and divergence.
- Technical Risk Warning: Veteran trader Peter Brandt has pointed out a sell signal on the Bitcoin chart, stating that Bitcoin needs to reclaim the $93,000 level to invalidate the current bearish setup, highlighting concerns over price structure in the market.
- Decentralized Bridge Development: The BTC to ADA bridge being developed by FluidTokens is nearing completion, aiming to provide decentralized liquidity for the Cardano ecosystem; despite current Bitcoin price weakness, it showcases ongoing developer efforts during uncertain times.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for ADA
Technical Sentiment Analysis for Cardano (ADA) As of , Cardano (ADA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ADA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ADA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Cardano (ADA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.109 | 0.165 | 0.224 | 0.28 | 0.34 | 0.396 | 0.455 |
| Fibonacci | 0.165 | 0.209 | 0.236 | 0.28 | 0.324 | 0.351 | 0.396 |
About ADA
About the author








