Cardano Bullish Momentum: 40% Rally On The Cards?

With Bitcoin reclaiming the $100K level, attention has shifted to Cardano crypto to determine if it will maintain its upward momentum.

Cardano (ADA) price🆙 enjoyed a strong rally on January 28, breaking above the crucial $0.95 level and bolstering a 4% increase in the past two days. This upward movement comes as part of the wider market recovery following a downturn influenced by several external factors. However, the focus has shifted to how ADA price will perform relative to other major cryptocurrencies. With Bitcoin (BTC) reclaiming the $100K level, the market’s attention is on whether ADA price can hold its upward momentum.

In the realm of decentralized finance (DeFi), a new entrant, DTX Exchange (DTX), has also captured attention with its hybrid protocol that will offer a secure, user-friendly, and flexible trading environment. Its presale has exploded, raising over $13.20 million and is at $0.16 per token, with a forecast of $0.20 after listing. Meanwhile, Shiba Inu (SHIB) remains popular in the market, but its price volatility and limited utility are pushing attention toward platforms like DTX exchange, which focus on functionality.

Cardano price🆙 recent strides in breaking above the $0.95 level on Jan. 28 are a testament to its resilience and potential in the crypto market. Additionally, its position within the L1 sector and technological advancement could influence ADA's future price metrics.

Despite the market crash, Cardano’s derivatives market suggests that the bullish trader’s resilience could have catalyzed an early rebound. Per CoinGlass data, ADA’s Open Interest declined by 20% over the last 10 days, dropping from $1.5 billion on January 17 to settle at $1.2 billion. Meanwhile, its price has fallen by a lesser 16%, confirming active short-covering purchases. This suggests that speculative traders were positioning for further upside.

Cardano trading volume has risen, suggesting a potential bullish scenario.

Its MACD indicator reveals a bullish crossover, with the signal line moving above the MACD line, suggesting increased buying pressure. ADA price has been hovering above the 50-day moving average, highlighting a healthy uptrend. Its candlestick pattern, with a massive bullish engulfing pattern that supports the bullish case, indicates that buyers are regaining control, sparking a significant 40% rally toward the $1.50 level.

On the bearish scenario, Cardano’s price has formed a descending trendline, with massive resistance at $0.9238. if it fails to break above this level with sufficient volume, it could steer the token downward towards the $0.8566.

First Green Candle In 7 Days: What’s Next for Shiba Inu?

Shiba Inu has been on a downtrend for most of 2025, but it has finally printed a green candle after posting a seven-day loss. This has raised questions about whether the downtrend is waning.

Shiba Inu token has seen significant selling pressure, which pushed its value below its support levels to hit its lowest price since October 2024. The meme coin has been in freefall, printing red candles regularly as the bears controlled the market.

Notably, its $0.00002078 zone, which had previously served as strong support, was breached, triggering SHIB crypto to fall below its crucial 200 EMA. Additional sell-off pressure could trigger a breach toward the $0.00001700 range.

Shiba Inu’s trading volume drop and a general lack of momentum are the significant contributors to SHIB’s tumble. Its RSI revealed that the token was significantly undervalued when it fell into oversold status. Buyers have not been keen to step in until recently.

The first green candle in days suggests that the sellers are becoming weaker. However, validating a complete reversal is premature. Should the meme coin recover the $0.00001990, which aligns with its earlier support, the Shiba Inu token could resume a bullish trend.

The next massive resistance levels will be at $0.00002078 and $0.00002200 if the meme token upholds its building momentum. A break above these levels could cement significant bullish signals and start a more extensive recovery. However, SHIB’s price cannot sustain this rebound and could foster further downsides towards $0.00001500.

DTX Exchange (DTX) Utility Steals The Spotlight

While Cardano and Shiba Inu navigate volatile markets, DTX Exchange is set to redefine what a utility-driven blockchain project can achieve. At its core, it will be a unified Layer-1 blockchain, VulcanX, which has achieved an industry-leading 200,000 TPS. This will enable DTX Exchange to interact with traditional financial instruments