Cold Wallet Surpasses $5.7M Presale as LINK and HBAR Face Downward Pressure

This week’s crypto market activity has seen significant developments across multiple fronts. Chainlink (LINK) continued its downward trajectory, breaking below key support levels and triggering bearish technical signals. At the same time, Hedera (HBAR) showed signs of losing its recent upward momentum. Meanwhile, Cold Wallet, a presale project with a recently finalized $270 million acquisition, has emerged as a standout performer among early-stage crypto initiatives [1].

The Chainlink (LINK) price update indicates a bearish trend, with the asset now trading at approximately $17.33, marking an 8% drop over the week [1]. The price is currently inside a descending channel, and a “death cross” on the 4-hour chart—where the 20 EMA crossed below the 50 EMA—further supports a short-term bearish outlook. On-chain data also revealed a sharp increase in exchange inflows, a pattern often associated with heightened selling pressure. Analysts warn that without a recovery above key levels, the price could fall further toward $15.90 or even $10 [1].

In contrast, the Hedera (HBAR) price prediction shows a cooling in earlier bullish momentum. HBAR recently corrected from over $0.70 to $0.26, with the price hovering just above a critical support level at $0.255 [1]. Technical indicators suggest weakening momentum, including a MACD line crossing below the signal line and a histogram turning red. These signals imply that the token is likely to consolidate in the near term unless fresh volume emerges to support further movement.

Cold Wallet has gained attention for its strategic acquisition of Plus Wallet for $270 million, which has given it immediate access to over 2 million users and a fully operational platform. Unlike many presale projects that build from scratch, Cold Wallet’s acquisition strategy allows it to establish credibility and user trust rapidly. To date, the project has raised over $5.7 million in its presale, with Stage 16 currently active and the price of CWT at $0.00942. The confirmed listing price of $0.3517 suggests a potential 4,900% return for early buyers [1].

The seamless transition of user data and funds from Plus Wallet to Cold Wallet has also contributed to the project’s rapid growth, with no user action required. This smooth integration has minimized disruption while allowing Cold Wallet to scale efficiently. The project plans to run 150 stages in total, but analysts note that demand is growing so quickly that waiting could reduce potential returns, as the price increases with each stage [1].

Market observers highlight the diverging trends among these three projects. While LINK and HBAR face bearish technical and on-chain pressures, Cold Wallet is gaining traction as a strategic and well-capitalized player in the presale space. The project’s whale-backed funding and immediate user base position it as a top contender for one of the best crypto presales of 2025 [1].

Source: [1] [Crypto Outlook This Week: LINK Below $20, HBAR Slows, Cold Wallet Advances With $270M Acquisition](https://coinmarketcap.com/community/articles/689351e9eb2f700e7db85b46/)