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Bitcoin enters oversold territory for the first time since August Bitcoin ( $BTC ) has entered oversold territory for the first time since August 2024. On that occasion, it went on to surge by 33%, crypto analyst and trader Ali Martinez pointed out on X.

$XRP network activity drops 50% since December Crypto analyst Ali Martinez reported on X that XRP active addresses have fallen 50%, declining from 202,250 in December to 101,169 today.

A SOL whale has unstaked 1,366,028 SOL worth around $198 million. The whale sent tokens to FalconX which deposited 440,202 SOL to Binance and Coinbase. SOL’s transfer volume has crashed from $1.99 billion in November 2024 to just $14.57 million now. Solana (SOL) has been slipping, seeing a big drop in price and activity. Over the last month, SOL is down almost 40%, and the price is now around $140.54. That’s a steep drop from its 2024 high of $264. While the price crash was part of a bigger market downturn, investors are wondering if SOL can bounce back. Whale Activity Sparks Sell-Off Fears Blockchain analysis platform Lookonchain reported that a whale unfroze 1,366,028 SOL (worth about $198 million) and sent it to FalconX. Then, FalconX sent 440,202 SOL ($62.6 million) to exchanges, Binance and Coinbase. This looks like a possible sell-off, adding to negative feelings in the market. Transfer Volume Plummets, Confidence Wanes Another big worry is the huge drop in Solana’s total transfer volume. Analyst Ali Martinez notes SOL’s transfer volume has plunged from $1.99 billion in November 2024 to just $14.57 million by February 23. This m… The post Solana Price Alert: Whale Moves $198M in SOL — Sell-Off Coming? appeared first on Coin Edition.

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Cardano (ADA) is showing significant signs of reclaiming the psychological price of $1 if it follows in the footsteps of BNB. Renowned market analyst Ali Martinez acknowledged, “If BNB is front-running the market, we should expect a similar price action for Cardano.” Source: Ali Martinez Therefore, if this analysis is successful, ADA will return to the $1 price level. With its uniqueness tied to its proof-of-stake (PoS) consensus mechanism called Ouroboros, Cardano verifies transactions by splitting them into smaller epoch chains, making the network infinitely scalable. As a result, Cardano has become one of the sought-after blockchains in terms of development. Is Cardano’s Parabolic Rally on the Horizon? According to Martinez, Cardano might be experiencing the calm before the storm since, based on historical data, the ninth-largest cryptocurrency has all it takes to surge to the $15 zone. The analyst pointed out, “Looking back at history, Cardano seems to be repeating the same pattern from 2020 to 2021 at a slower pace, which could soon lead to a parabolic rally.” Source: Ali Martinez Martinez added that if ADA is able to sustain a close above $0.73, then the altcoin is in for an upswing. At the time of writing, Cardano was hovering around the $0.782 zone, according to CoinGecko data. Meanwhile, Cardano founder Charles Hoskinson recently suggested using the network as an audit layer for the U.S. Treasury’s $7 trillion budget.