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The cryptocurrency market has been in a price correctional phase since December, with Bitcoin and altcoins struggling to count gains. This week, Cardano’s ADA token has managed to maintain its position above the critical $1 threshold. Conversely, Bitcoin crossed the $100k level and has been consolidating around the figure in the last 24 hours.
Cardano Market Indicators Turn Bullish
ADA’s recent price movements reflect bullish momentum, aided by a Relative Strength Index (RSI) surpassing 50% and a bullish MACD crossover. It has formed a bullish pennant on 4-hour charts, signaling the potential for upward momentum.
After bouncing back from $0.87, the $1 psychological barrier, which previously acted as resistance, now serves as strong support. This development reinforces market participants’ confidence as they see a breakout beyond $1.2.
Cardano’s current support zones, including $0.75 and $1, have established a firm foundation for future price gains. However, market analysts highlight that the coming days will be pivotal for ADA to sustain its bullish trajectory.
 
Bitcoin Inches Toward $100K
Bitcoin has surged significantly, reaching an intraday high of $100,781 before stabilizing at the $100,000 mark. Currently trading between $99,500 and $100,300, the cryptocurrency has experienced a 1.5% gain over the past 24 hours. Trading volume also rose by 1.2%, hitting $55 billion.
The largest coin by market cap briefly fell below the 10-day Simple Moving Average (SMA) of $99,683, indicating minor bearish pressure. However, its position above the 50-day SMA of $97,502 showcases a positive medium-term outlook. The 200-day SMA at $95,038 further solidifies long-term bullish sentiment.
The recent surge follows the release of December’s U.S. Consumer Price Index (CPI) data, which reported a 2.9% uptick. This prompted Bitcoin’s price to leap from $97,000 to over $100,000 within hours, adding nearly $100 billion to the cryptocurrency market’s capitalization.
With Bitcoin’s RSI nearing the overbought level of 70, market analysts caution that a brief consolidation or pullback could occur before further upward momentum resumes.
PEPETO Presale Closes in on $4 Million
PEPETO, a meme token launched last year, is gaining significant attention as its presale approaches the $4 million mark. The token’s success is attributed to its innovative approach, blending traditional meme coin appeal with features like the Pepeto Bridge.
The PEPETO Bridge simplifies cross-chain transactions, addressing a common pain point for crypto traders. Utilizing a lock-and-mint mechanism, the platform allows seamless transfers across blockchains, enhancing user experience while ensuring robust security.
Post-presale, PEPETO is set to debut on major exchanges, accompanied by dynamic community-building initiatives. Key milestones include the test launch of the PEPETO Bridge and Exchange in mid-2025, followed by the launch of a staking platform offering passive rewards for token holders.
Join the PEPETO presale today and secure your position in one of the most promising tokens of the year.
About Pepeto
Pepeto is a cutting-edge cryptocurrency project blending the playful spirit of memecoins with a powerful utility-driven ecosystem. It features a zero-fee exchange, a cross-chain bridge for seamless swaps, and staking rewards designed to support the next generation of tokens.
Media links
X (Twitter): https://x.com/Pepetocoin
YouTube Channel: https://www.youtube.com/@Pepetocoin
Telegram Channel: https://t.me/pepeto_channel
Instagram: https://www.instagram.com/pepetocoin/
TikTok: https://www.tiktok.com/@pepetocoin
Contact Details
Contact: TokenWire Team
Email: [email protected]
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
Source: https://zycrypto.com/pepeto-rakes-in-millions-btc-charging-to-100k-ada-bounces-back/