BEFE Coin Promises More Rally as Cardano (ADA) Hints at a Possible Decline Next Week

The sudden increased activity of sellers since the escalation of the geopolitical instability in the Middle East mirrors a bearish trend in the market. Amid the Iran-Israeli crisis, analysts are still backing Bitcoin, Cardano ADA, and BEFE coin to rebound soon and break this bull flag.

Recent market activity suggests a bearish trend, with a sudden increase in seller activity following the escalation of geopolitical instability in the Middle East. However, amid the Iran-Israel crisis, analysts are still optimistic about Bitcoin, Cardano ADA, and BEFE coin rebounding soon and breaking this bull flag.

Bitcoin recovered at $61K with a 2.1% daily gain, which confirms the steady market recovery. Cardano ADA eyed a potential rally, targeting a $0.42 price level if support holds. BEFE coin might join a host of other memecoins vying for a new 30-day price level next week.

As one of the most promising memecoins of this season, according to market metrics, BEFE coin could enjoy an impressive rally, which might be sufficient to challenge Cardano ADA's position at the top of the market. Let's discuss the details.

Can Cardano ADA Hold Next Week?

As one of the most trusted Layer-1 blockchain platforms, Cardano ADA has seen steady growth in user adoption. Similar to BEFE coin's Bitgert platform, Cardano ADA's increasing user adoption strengthens ADA's demand through robust integration and utility.

By press time, Cardano ADA was trading at $0.3518 per token, after registering a 4.15% 24-hour spike. Cardano ADA saw a trading volume of over $244M on Friday with a circulating supply of about 34.96B Cardano ADA tokens.

Next Monday, about $6.42M worth of Cardano ADA will be unlocked and added to ADA's circulating supply. Another $6.24M of Cardano ADA will be added to the circulating supply October 12, next Saturday. This expected unlocking of Cardano tokens next week could influence supply and demand dynamics, exerting increased downward pressure on Cardano ADA.

This sentiment is also supported by the technical analysis, which shows that the RSI is getting close to oversold territory, implying Cardano ADA could suffer a decline next week if ADA fails to hold. While Cardano ADA hints at a possible decline next week, BEFE coin promises more.

Investors Are Exploiting BEFE Coin’s Potential

BEFE coin is a memecoin built on the Bitgert blockchain, a leading L1 solution. In a market filled with thousands of memecoins created by various crypto dengens, BEFE coin's appeal has made it a standout in the market. Interestingly, BEFE coin has been tipped to lead the bull market for memecoins this season.

BEFE coin's price was hovering above the $0.00003592 support level. Although BEFE coin suffered a 10.5% decline over a seven-day period, technical indicators showed there was increasing investor around BEFE coin, as they hoped to exploit BEFE coin's potential.

Analysts are becoming more confident that the bull cycle will kick in soon. Hence, investors are advised to stack the dips in Cardano ADA and BEFE coin and look forward to a successful fourth quarter. Don't miss out on BEFE coin!

Grab your own $BEFE token at Gate.io, PancakeSwap, MEXC, and BitMart!

Step 1: Register on the exchange

Step 2: Choose a payment method

Step 3: Buy $BEFE

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