Cardano (ADA/USDT) Positioned for More Gains Above $1.1450

Cardano Long-term Analysis: Bullish

Cardano against the Tether has seen a significant recovery after the previous week’s sharp price decline. The chart below shows that the pair was in a downtrend in 2024 until a strong recovery started this week.

However, recent price action suggests ADA/USDT targets more gains as the indicators on the chart signal the possibility for more improvement to the North. Despite this, traders must watch the immediate resistance level as ADA maintains the $1.0544 support level.

You can read more here:
https://cryptosignals.org/ada/cardano-ada-usdt-positioned-for-more-gains-above-1-1450/

Ethereum (ETH/USD) Bullish Traders Seek to Regain the Market

Ethereum Long-term Analysis: Bullish

Ethereum, in the weekly timeframe, has been showing strong signs of recovery. This is buoyed by renewed confidence as Ethereum against the United States dollar charts a new direction.

Recently, Ethereum has experienced a notable uptick as its price increased by 2.62% for the week. However, this action suggests the pair’s ability to reclaim previous highs as the price trades above key moving averages. Expectations for recovery are now hinged on the coin’s ability to break above critical resistance levels while maintaining the current support outlook.

You can read more here:
https://cryptosignals.org/trade/ethereum-eth-usd-bullish-traders-seek-to-regain-the-market/

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The Rising Potential of Litecoin ETFs in the U.S. Crypto Market

A Litecoin exchange-traded fund (ETF) could be the next spot crypto ETF approved in the U.S., according to Eric Balchunas, a senior ETF analyst at Bloomberg. He shared this view on Wednesday on the social media platform X. Balchunas’ comment came after Canary Capital updated its S-1 form for its Litecoin ETF.

An S-1 form is a document submitted to the U.S. Securities and Exchange Commission (SEC) when a company plans to offer new securities.

You can read more here:
https://cryptosignals.org/article/the-rising-potential-of-litecoin-etfs-in-the-u-s-crypto-market/

From FTM to S Token


The S token serves as Sonic's native currency, playing a pivotal role in the network's ecosystem. It supports various functions, including transaction fee payments, staking, validator operations, and governance participation.

Staking

Users can stake their S tokens directly on Sonic via MySonic. Withdrawing staked tokens requires a 14-day waiting period, ensuring a secure and steady staking process.

When staking, it is essential to select a trustworthy validator. Misconduct or technical errors by a validator can result in penalties, which may affect your delegated S tokens. Careful consideration is crucial to safeguard your stake.

You can read more: https://cryptosignals.org/cryptocurrency/from-fantom-ftm-to-sonic-s-token/