Cardano Nears $1.50 As Bullish Pattern Emerges Monero Falls 15% Amid Mining Concerns Cold Wallet Surges 3400% In Presale

Cardano (ADA) is showing strong bullish momentum as it nears the $1.50 level, with technical analysts noting the formation of an inverse head and shoulders pattern. The coin has traded within a range of $0.88 to $0.98 in recent sessions, approaching a critical neckline near $0.94. A breakout above this level could signal a move toward $1.20 and ultimately $1.50. The bullish sentiment is further supported by on-chain metrics, including a relatively healthy MVRV Z-score of 0.445, which indicates profitability without excessive valuation, and short liquidations exceeding $832,000 in one day [1]. The launch of a Delaware-based trust for ADA by Grayscale has also fueled speculation about the possibility of a spot ETF, adding to the optimism [1].

Monero (XMR), in contrast, has faced a sharp decline, dropping more than 6% in a single day and nearly 15% over the past week. The decline followed reports that a single mining entity, Qubic, reportedly controlled over half of the network’s mining power, raising concerns about a potential 51% attack. A six-block reorganization and 60 orphaned blocks were reported, stoking fears about the network’s security and decentralization. While Qubic claims the activity was an economic experiment, the incident has highlighted structural vulnerabilities in mid-tier proof-of-work cryptocurrencies. Technical indicators suggest Monero is approaching oversold levels at $252, and analysts believe the coin could see a rebound if mining distribution rebalances and trust is restored [1].

Amid these market dynamics, Cold Wallet ($CWT) has emerged as a standout performer in the early stages of its presale. The project has raised over $6.3 million and has already migrated more than two million users from its Plus Wallet platform, ensuring immediate adoption and user activity. At Stage 17 of its presale, the token is priced at $0.00998, creating a significant upside potential toward its confirmed listing price of $0.3517—an ROI gap of over 3,400%. The project’s cashback and fee refund system adds a layer of real-world utility, providing users with recurring incentives tied to transaction volume. This model differentiates Cold Wallet from speculative presale projects by embedding value directly into user participation and reducing reliance on delayed promises of future utility [1].

The broader market appears to be entering a phase of consolidation, with large-cap assets like Cardano showing signs of strength while privacy coins like Monero face structural challenges. Meanwhile, utility-driven projects such as Cold Wallet are gaining traction by offering tangible value and immediate rewards. The convergence of bullish technical patterns, institutional interest, and innovative user incentives suggests a potential shift in investor preferences toward projects that emphasize execution over hype [1].

Source: [1]Cardano Nears $1.50, Monero Drops 15%, Cold Wallet’s Cashback Utility Stands Out (https://www.livebitcoinnews.com/cardano-nears-1-50-monero-drops-15-cold-wallets-cashback-utility-stands-out/)