The cryptocurrency market is once again experiencing fluctuations, feeling the pressure from technical levels and large holders. Cardano and XRP are facing challenges, while Layer Brett stands out with its innovative model.
Cardano: Trapped in Range
Cardano's price action reflects an unstable equilibrium. ADA completed a bearish AB=CD pattern around $0.95, which led to a correction and signals potential fatigue at recent highs. The price is currently hovering just below the 9-day EMA at $0.88, and analysts indicate that bulls are struggling to break out of the short-term downtrend. Support lies in the $0.74–$0.77 range, and a breach could mean deeper losses, while a recovery above $0.90 may reignite bullish momentum.
XRP: Weakening Confidence After Legal Victory
Despite its legal victory, XRP's short-term trajectory appears uncertain. Recent activities showed large holders offloading 460 million XRP, pushing the price down to the $2.80–$2.85 support level. Tactical weakness is confirmed by breaking below the 50-day SMA and exiting a symmetrical triangle, indicating downside risks. However, XRP's long-term optimism remains intact.
Layer Brett: Blending Utility and Meme Culture
Layer Brett introduces a more advanced model that combines meme culture with utility, built on Ethereum Layer-2. It offers low transaction costs and high throughput while integrating staking and governance mechanisms. The presale has already amassed over a million dollars, and its potential 250x growth has attracted analysts’ interest, who note that Layer Brett isn’t just another meme token but a project with a robust infrastructure.
Cardano continues to remain range-bound, balancing between breakdown risks and cautious recovery. XRP, despite its courtroom success, faces challenges in short-term trends, while Layer Brett presents a unique combination of meme token potential and technological foundation on Ethereum.
