March 8, 2025: Here is the highlighted altcoin list of the day

Cryptocurrency News - There are important developments in the cryptocurrency market agenda. In light of these developments, a horizontal trend is forming in popular altcoins. Bear market signals are being captured in some assets. Now, let’s examine the movement of popular assets and the support and resistance levels that need to be paid attention to.

Solana: The Solana price has broken below a very important support area. This critical support level was in the $167 zone. If we confirm that the weekly candle has broken below this support level, we will confirm a clear break below the rising wedge pattern. The starting point of this pattern is also around $90. If this negative scenario occurs, we may face a loss of nearly 50%. However, we cannot ignore the support levels in the range of $90 to $167. Within this range, there are very important supports such as $120 and $130. On the upside, there is a major resistance in the range of $178 to $183 for Solana. However, the short-term outlook for Solana indicates more bearishness than bullishness.

XRP: We observe a significant bearish divergence formation on the XRP chart. Therefore, we should not expect much upward momentum in the short term. However, things could turn around with today’s White House crypto summit. Resistance levels for XRP are in the range of 2.65 dollars to 2.8 dollars. If there is a breakout towards the upper point of resistance, we can target the 3 dollar level and even 3.20 dollars. In case of a downward movement, as we have emphasized many times before, there is a strong support area at the 2.25 dollar region.

Cardano: We observe an active bull divergence in the Cardano price. A model that will invalidate this bull divergence has not yet been confirmed. However, we were rejected from the resistance range of 1.13 dollars to 1.23 dollars. In addition, we tested the former support area around 0.80 dollars. We can expect a horizontal price movement in the short term for the Cardano price.

In addition to the movement in altcoins, significant whale data was shared by Santiment. The increase in whale networks making transactions of $100,000 and above was recorded as follows.

1. AAVE: 267 percent

2. HEX: percent 256

3. OKB: 200 percent

4. ADA: 193 percent

5. OP: 140 percent

6. TLC: 133 percent

7. BCH: 128 percent

8. CRV: 100 percent

9. BIT: one hundred percent

10. GT: 100 percent

These whale transactions may indicate an accumulation phase before a significant recovery. Therefore, if there is a revival in the altcoin market in the coming days, these assets may lead the way to an increase.

The information in the text is purely for informational purposes. It does not constitute any investment advice. Cryptoparahaber.com is not responsible for any profit or loss arising from your investments. Ultimately, investment is based on many fundamentals such as knowledge, experience, research, and personal decisions.

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