Cardano price eyes $0.50 but $0.38 support still at risk

Ethereum has experienced significant inflows to Binance, marking the largest daily exchange netflow since 2023, amidst a period of price consolidation between $3,000 and $3,200. This development has raised concerns among analysts about a potential bearish phase due to weakening demand and market uncertainty.

Circle has secured a Financial Services Permission (FSP) license from the Abu Dhabi Global Market (ADGM), marking a significant step in its expansion into the Middle East and positioning the company to enhance stablecoin adoption in the region.

At the Bitcoin MENA conference, Binance founder Changpeng Zhao (CZ) announced that the traditional four-year Bitcoin cycle is over, predicting a potential Bitcoin supercycle driven by its growing role in global finance. This statement comes amidst a backdrop of fluctuating market conditions and evolving investor sentiment towards Bitcoin.

Shiba Inu has experienced a significant increase in spot trading volume across major exchanges, including a 154% rise on Kraken over the past week, indicating a potential bullish trend for the second-largest meme coin by market cap. This surge comes as the broader cryptocurrency market faces declines, suggesting that buyers are stepping in to support the SHIB price at critical levels.

Dogecoin (DOGE) is currently trading near $0.14 on Binance, remaining within a bearish channel that began after a rejection at $0.21. The price is showing signs of potential recovery as it tests the $0.14 support level, which is critical for a rebound toward $0.16 if maintained.

Bitcoin retail inflows to Binance have reached a record low of 400 BTC per day in 2025, marking a significant decline in daily transactions despite the ongoing bull market. This drop indicates a lack of confidence among retail investors in the cryptocurrency's current trajectory.

Binance has secured full authorization from the Abu Dhabi Global Market’s regulator, marking a significant milestone as it becomes the first cryptocurrency exchange to obtain a complete suite of digital asset licenses in the region. This authorization allows Binance to provide exchange, custody, and broker-dealer services, enhancing its operational capabilities in a key market.

Solana's price is currently facing a critical test as it trades just below the $140 resistance level, following a modest recovery from a low of $128. Analysts are closely monitoring the situation, particularly the impact of Key Opinion Leader (KOL) predictions and liquidity shifts, as the cryptocurrency has struggled to maintain its recent gains amid increased whale activity and selling pressure.