Bollinger Bands Expand Downward, Bearish Marubozu Signal on Crescent's 15min Chart

Crescent's 15-minute chart has triggered the Bollinger Bands Expanding Downward indicator, coupled with a Bearish Marubozu pattern at 09:00 on September 23, 2025. This suggests that the market trend is currently driven by selling pressure, with sellers exerting control over market dynamics. Consequently, it is likely that bearish momentum will persist in the near future.

Cardano (ADA) has shown resilience, rebounding from a daily low of $0.80 and pushing towards the $0.90 resistance level Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. This upward momentum is fueled by a surge in ETF approval odds, now at 92%, which has bolstered investor confidence Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. Reliance Global Group, a publicly-listed insurance and financial services firm, has added ADA to its digital asset treasury, citing strong fundamentals such as Cardano's peer-reviewed, scalable design and energy-efficient proof-of-stake system Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1].

On-chain growth signals have further bolstered optimism, with the Cardano mainnet surpassing 114 million transactions, indicating steady adoption despite market uncertainties Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. Cardano’s weekly chart shows the asset pressing against the upper boundary of a descending wedge, with a confirmed breakout above $0.85 potentially opening the door for a run towards $1.00 Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1].

Meanwhile, on September 23rd, ASTER reached a new all-time high, breaking through the $2 mark and increasing its market capitalization to $32.65 billion ASTER Surpasses $2, Reaches All-Time High^[2]. This significant price movement suggests a strong bullish sentiment in the broader cryptocurrency market.

However, the 15-minute chart of Crescent has triggered the Bollinger Bands Expanding Downward indicator, coupled with a Bearish Marubozu pattern at 09:00 on September 23, 2025. This suggests that the market trend is currently driven by selling pressure, with sellers exerting control over market dynamics. Consequently, it is likely that bearish momentum will persist in the near future.