Besides, there was a break above a short-term contracting triangle with resistance at $0.8250 on the hourly chart of the ADA/USD pair. Finally, the price traded close to the $0.840 level. A high was formed at $0.0.8395 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $0.7822 swing low to the $0.8395 high.
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Bitcoin dipped over the weekend following a short-lived rally, as analysts suggested that large holders were shifting their positions from bitcoin to Ethereum.
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During downturns, capital flows to safer narratives. Recent data shows investors prefer infrastructure, L2 scaling, and real-world asset tokenization. These sectors promise long-term utility beyond hype. In contrast, meme coins and speculative GameFi projects face funding cuts. Venture capital seeks sustainable models with revenue potential. Infrastructure projects, especially those enhancing Ethereum scalability, still attract large checks. This trend suggests smart money focuses on foundational growth areas, even while broader sentiment remains cautious.
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